Castellan Group

CIK

1832521

Location

LOUISVILLE, KY

Portfolio Value

Small $854,661,627

Diversification

Highly concentrated

Files via

Empowered Funds, LLC

Filing Date

Global Rank

#2,679 / 8,827 ▲ 178 · as of Jun 2026

Top Industry

REIT - Industrial 18.4%

Period ended 38 days ago

Filed Oct 19, 2026 · 19d

24 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 93.7% of the book (60%+)

Turnover

Low turnover

16.1% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 5.3 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 97.6%; sector active share 80.0% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

41 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

87.6%

−1.2 pts

Top 5

90.5%

−0.6 pts

Top 10

93.2%

−0.4 pts

HHI

7,684

Highly concentrated−209

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	90.3%	$771,625,189	14
Real Estate	3.3%	$27,902,855	6
Utilities	2.8%	$24,213,936	6
Energy	2.2%	$18,705,908	5
Basic Materials	0.5%	$4,094,256	2
Consumer Cyclical	0.3%	$2,939,970	1
Technology	0.2%	$1,581,853	3
Healthcare	0.2%	$1,479,360	1
Financial Services	0.2%	$1,393,120	2
Communication Services	0.1%	$725,180	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

24 positions

Ticker	Company	Δ Shares	Shares	Value
CTEF	Castellan Targeted Equity ETF	+25,368	6,500,359	$552,615,019
CTIF	Castellan Targeted Income ETF	+25,184	3,466,400	$177,919,912
AMZN	Amazon Com Inc	+9,400	11,800	$2,939,970
GLTR	abrdn Precious Metals Basket ETF Trust	+7,790	33,280	$6,200,064
IVV	iShares Core S&P 500 ETF	+3,685	5,881	$4,503,963
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	+2,730	74,581	$4,586,731
RIO	Rio Tinto PLC	+2,210	21,929	$2,065,053
VICI	Vici Properties Inc.	+1,826	170,674	$3,920,381
CWEN	Clearway Energy, Inc.	+1,441	134,721	$3,943,283
GTY	Getty Realty Corp	+1,396	138,073	$3,899,181
HESM	Hess Midstream LP	+1,215	114,236	$4,268,999
BIPC	Brookfield Infrastructure Corp	+1,192	119,433	$4,253,009
CTRE	CareTrust REIT, Inc.	+1,179	131,610	$4,814,293
XOM	ExxonMobil Holdings Corp	+1,120	14,573	$2,371,755
LXP	LXP Industrial Trust	+837	95,911	$5,842,898
CVX	Chevron Corp	+730	11,597	$2,368,223
FR	First Industrial Realty Trust Inc	+728	78,586	$4,679,010
EIX	Edison International	+619	68,835	$3,698,504
DKL	Delek Logistics Partners, LP	+586	93,849	$4,993,705
MPLX	Mplx LP	+578	83,509	$4,703,226
NEE	Nextera Energy Inc	+543	52,781	$3,997,632
WEC	Wec Energy Group, Inc.	+425	42,050	$4,237,799
ATO	Atmos Energy Corp	+274	26,104	$4,083,709
EGP	Eastgroup Properties Inc	+225	24,042	$4,747,092
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
BOXX	Alpha Architect 1-3 Month Box ETF	−19,864	155,125	$18,365,248
BHP	BHP Group Ltd	−750	23,918	$2,029,203
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
HALO	Halozyme Therapeutics, Inc.	13,400	$1,479,360
IXUS	iShares Core MSCI Total International Stock ETF	13,066	$1,241,139
EVR	Evercore Inc.	3,800	$978,500
VEA	Vanguard FTSE Developed Markets ETF	4,099	$289,430
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	5,900	$2,200,818
SPY	Spdr S&P 500 ETF Trust	900	$672,093
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

41 tracked positions · $854,661,627 total · filing declares 48 positions · $858,718,425 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CTEF	Castellan Targeted Equity ETF	Added	6,500,359	+25,368	$552,615,019	−9.6%	64.66%
CTIF	Castellan Targeted Income ETF	Added	3,466,400	+25,184	$177,919,912	+0.7%	20.82%
BOXX	Alpha Architect 1-3 Month Box ETF	Reduced	155,125	-19,864	$18,365,248	−10.4%	2.15%
GLTR	abrdn Precious Metals Basket ETF Trust	Added	33,280	+7,790	$6,200,064	+34.3%	0.73%
LXP	LXP Industrial Trust Real Estate	Added	95,911	+837	$5,842,898	+14.1%	0.68%
DKL	Delek Logistics Partners, LP Energy	Added	93,849	+586	$4,993,705	+3.9%	0.58%
CTRE	CareTrust REIT, Inc. Real Estate	Added	131,610	+1,179	$4,814,293	−8.5%	0.56%
EGP	Eastgroup Properties Inc Real Estate	Added	24,042	+225	$4,747,092	−1.6%	0.56%
MPLX	Mplx LP Energy	Added	83,509	+578	$4,703,226	+0.7%	0.55%
FR	First Industrial Realty Trust Inc Real Estate	Added	78,586	+728	$4,679,010	−2.0%	0.55%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Added	74,581	+2,730	$4,586,731	+20.2%	0.54%
IVV	iShares Core S&P 500 ETF	Added	5,881	+3,685	$4,503,963	+173.9%	0.53%
HESM	Hess Midstream LP Energy	Added	114,236	+1,215	$4,268,999	+0.5%	0.50%
BIPC	Brookfield Infrastructure Corp Utilities	Added	119,433	+1,192	$4,253,009	−6.6%	0.50%
WEC	Wec Energy Group, Inc. Utilities	Added	42,050	+425	$4,237,799	−12.8%	0.50%
ATO	Atmos Energy Corp Utilities	Added	26,104	+274	$4,083,709	−8.2%	0.48%
NEE	Nextera Energy Inc Utilities	Added	52,781	+543	$3,997,632	−12.8%	0.47%
CWEN	Clearway Energy, Inc. Utilities	Added	134,721	+1,441	$3,943,283	−13.4%	0.46%
VICI	Vici Properties Inc. Real Estate	Added	170,674	+1,826	$3,920,381	−12.5%	0.46%
GTY	Getty Realty Corp Real Estate	Added	138,073	+1,396	$3,899,181	−14.5%	0.46%
EIX	Edison International Utilities	Added	68,835	+619	$3,698,504	−27.2%	0.43%
AMZN	Amazon Com Inc Consumer Cyclical	Added	11,800	+9,400	$2,939,970	+414.0%	0.34%
OCTP	PGIM S&P 500 Buffer 12 ETF - October	Held	78,480	0	$2,631,042	+3.7%	0.31%
XOM	ExxonMobil Holdings Corp Energy	Added	14,573	+1,120	$2,371,755	+28.9%	0.28%
CVX	Chevron Corp Energy	Added	11,597	+730	$2,368,223	+31.5%	0.28%
RIO	Rio Tinto PLC Basic Materials	Added	21,929	+2,210	$2,065,053	+10.3%	0.24%
BHP	BHP Group Ltd Basic Materials	Reduced	23,918	-750	$2,029,203	−1.3%	0.24%
DDFN		Held	79,420	0	$1,629,317	+2.2%	0.19%
HALO	Halozyme Therapeutics, Inc. Healthcare	NEW	13,400	NEW	$1,479,360	NEW	0.17%
IXUS	iShares Core MSCI Total International Stock ETF	NEW	13,066	NEW	$1,241,139	NEW	0.15%
ORCL	Oracle Corp Technology	Held	7,600	0	$1,043,480	−6.3%	0.12%
EVR	Evercore Inc. Financial Services	NEW	3,800	NEW	$978,500	NEW	0.11%
EFA	iShares MSCI EAFE ETF	Held	6,995	0	$726,710	+0.0%	0.09%
META	Meta Platforms, Inc. Communication Services	Held	1,000	0	$725,180	+28.7%	0.08%
IWM	iShares Russell 2000 ETF	Held	2,297	0	$638,313	−7.5%	0.07%
PGR	Progressive Corp Financial Services	Held	2,000	0	$414,620	−5.1%	0.05%
DELL	Dell Technologies Inc. Technology	Held	585	0	$314,700	+24.7%	0.04%
VEA	Vanguard FTSE Developed Markets ETF	NEW	4,099	NEW	$289,430	NEW	0.03%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Held	3,105	0	$278,301	−7.1%	0.03%
MU	Micron Technology Inc Technology	Held	210	0	$223,673	−7.7%	0.03%
RSP	Victory Portfolios II	Held	6,562	0	$0	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.