Phraction Management LLC

Registered adviser

CIK

1907803

Location

COLCHESTER, CT

Portfolio Value

Small $517,103,671

Diversification

Diversified

Filing Date

Global Rank

#3,548 / 8,819 ▲ 174 · as of Jun 2026

Top Industry

Internet Content & Information 15.2%

Period ended 29 days ago

Filed Oct 14, 2026 · 15d

20 quarters · since Dec 2021

Regulatory profile

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

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 298633

Roster of Oct 1, 2026

Regulatory AUM

$625,535,042

Main clients

Corporations (61% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Oct 2026	$625,535,042	Corporations (61%)
Apr 2025 to Feb 2026	$520,999,762	Corporations (62%)
Apr 2024 to Mar 2025	$450,985,988	Individuals and high net worth (94%)
May 2023 to Mar 2024	$358,706,983	Individuals and high net worth (80%)
Apr 2023	$358,706,983	Individuals and high net worth (80%)
Apr 2022 to Mar 2023	$343,047,696	Corporations (52%)

3 earlier changes not shown.

Stated strategy

Fundamental active, Value, Income, Fixed income / rates, Multi-asset Form ADV Part 2A, Sep 11, 2026 · original

In the firm's words

Fundamental active: When formulating investment advice for the managed accounts, we generally utilize fundamental analysis.
Value: A global equity markets investment strategy seeks long-term growth in equity securities of U.S. and non-U.S. companies that we believe are priced below their intrinsic values but are still fundamentally solid and are likely to appreciate.
Income: The objective of this strategy is to generate current income and capital growth.
Fixed income / rates: We typically will follow a buy and hold strategy when pursuing a global fixed income strategy, a global equity markets investment strategy, and/or an emerging markets investment strategy.
Multi-asset: The concept of asset allocation, or spreading investments among a number of asset classes (e.g., domestic stocks vs. foreign stocks; large cap stocks vs. small cap stocks; corporate bonds vs. government debt instruments), plays a prominent role in executing an investment strategy.

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

Diversified active

Top 10 weight 57.1%, 21.7 effective positions, active share 72.6% against the Nasdaq-100 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

15.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 15.4 quarters (12+)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 72.6%; sector active share 17.0% against the combined 13F book's sector weights.

Over time 19 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

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

Top Position

22.3%

−9.6 pts

Top 5

48.3%

−6.0 pts

Top 10

66.6%

−2.0 pts

HHI

790

Diversified−440

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	25.9%	$134,007,198	13
Unclassified	24.2%	$124,991,983	15
Communication Services	11.5%	$59,471,955	3
Financial Services	9.5%	$48,917,814	9
Healthcare	9.3%	$48,297,998	6
Consumer Cyclical	7.2%	$37,448,797	3
Industrials	7.2%	$37,291,919	7
Basic Materials	2.2%	$11,534,469	1
Energy	1.6%	$8,150,313	2
Consumer Defensive	1.4%	$6,991,225	3

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
ADI	Analog Devices Inc	+12,034	59,564	$23,629,634
META	Meta Platforms, Inc.	+9,180	25,144	$18,233,925
TDG	TransDigm Group INC	+4,801	12,555	$13,592,043
AMZN	Amazon Com Inc	+2,325	147,528	$36,756,601
MSFT	Microsoft Corp	+1,116	63,734	$32,689,168
LIN	Linde PLC	+145	24,301	$11,534,469
BRK-B	Berkshire Hathaway Inc	+70	18,695	$9,309,175
GOOG	Alphabet Inc.	+18	44,903	$15,300,248
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
EDVA	Endovia Health Sciences, Inc.	−73,321	50,327	$8,842
MKTW	Marketwise, Inc.	−20,000	72,316	$1,431,133
ICE	Intercontinental Exchange, Inc.	−7,840	29,685	$4,513,010
AMAT	Applied Materials Inc	−3,017	18,377	$9,397,630
BSX	Boston Scientific Corp	−1,865	34,693	$1,514,349
SPGI	S&P Global Inc.	−1,714	19,791	$7,806,955
BAC	Bank Of America Corp	−1,705	94,130	$5,123,495
DHR	Danaher Corp	−1,605	67,454	$14,944,433
FERG	Ferguson Enterprises Inc.	−1,500	16,875	$3,756,712
GOOGL	Alphabet Inc.	−1,475	75,383	$25,937,782
IHI	iShares U.S. Medical Devices ETF	−690	10,401	$532,011
RTX	RTX Corp	−685	50,275	$9,333,553
PEP	Pepsico Inc	−677	13,989	$1,772,686
LRCX	Lam Research Corp	−428	15,346	$5,041,314
ASML	Asml Holding NV	−348	13,164	$23,848,823
BDX	Becton Dickinson & Co	−332	46,116	$8,254,764
ENTG	Entegris Inc	−100	95,864	$14,768,807
V	Visa Inc.	−74	29,224	$10,501,059
HON	Honeywell International Inc	−66	30,766	$6,489,780
PM	Philip Morris International Inc.	−45	24,959	$4,762,676
TMO	Thermo Fisher Scientific Inc.	−23	34,512	$23,297,325
TDY	Teledyne Technologies Inc	−21	11,923	$7,234,995
SNPS	Synopsys Inc	−11	14,305	$6,221,816
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
OTIS	Otis Worldwide Corp	38,491	$2,475,741
EWJ	iShares MSCI Japan ETF	7,900	$769,934
ZM	Zoom Communications, Inc.	5,600	$508,312
FXY	Invesco CurrencyShares Japanese Yen Trust	6,780	$394,867
SPCX	Space Exploration Technologies Corp	1,675	$252,690
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	30,821	$6,813,906
MARA	MARA Holdings, Inc.	25,000	$347,250
NOC	Northrop Grumman Corp	605	$308,132
FE	Firstenergy Corp	4,405	$209,413
GUTS	Fractyl Health, Inc.	41,000	$32,553
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

62 tracked positions · $517,103,671 total · filing declares 67 positions · $545,124,393 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 62 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT + SHARES	Reduced	151,054	-93,000	$115,198,312	−36.8%	22.28%
AMZN	Amazon Com Inc Consumer Cyclical	Added	147,528	+2,325	$36,756,601	+6.2%	7.11%
MSFT	Microsoft Corp Technology	Added	63,734	+1,116	$32,689,168	+39.9%	6.32%
GOOGL	Alphabet Inc. Communication Services	Reduced	75,383	-1,475	$25,937,782	−5.6%	5.02%
ASML	Asml Holding NV Technology	Reduced	13,164	-348	$23,848,823	−11.3%	4.61%
ADI	Analog Devices Inc Technology	Added	59,564	+12,034	$23,629,634	+25.2%	4.57%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	34,512	-23	$23,297,325	+34.6%	4.51%
META	Meta Platforms, Inc. Communication Services	Added	25,144	+9,180	$18,233,925	+102.8%	3.53%
GOOG	Alphabet Inc. Communication Services	Added	44,903	+18	$15,300,248	−3.5%	2.96%
DHR	Danaher Corp Healthcare	Reduced	67,454	-1,605	$14,944,433	+13.6%	2.89%
ENTG	Entegris Inc Technology	Reduced	95,864	-100	$14,768,807	−14.4%	2.86%
TDG	TransDigm Group INC Industrials	Added	12,555	+4,801	$13,592,043	+31.6%	2.63%
LIN	Linde PLC Basic Materials	Added	24,301	+145	$11,534,469	−8.0%	2.23%
V	Visa Inc. Financial Services	Reduced	29,224	-74	$10,501,059	+4.5%	2.03%
AMAT	Applied Materials Inc Technology	Reduced	18,377	-3,017	$9,397,630	−39.2%	1.82%
RTX	RTX Corp Industrials	Reduced	50,275	-685	$9,333,553	−3.5%	1.80%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	18,695	+70	$9,309,175	−0.1%	1.80%
PHYS	Sprott Physical Gold Trust Financial Services	Held	290,467	0	$9,082,903	+3.6%	1.76%
BDX	Becton Dickinson & Co Healthcare	Reduced	46,116	-332	$8,254,764	+17.4%	1.60%
SPGI	S&P Global Inc. Financial Services	Reduced	19,791	-1,714	$7,806,955	−10.9%	1.51%
WMB	Williams Companies, Inc. Energy	Held	108,275	0	$7,359,451	−8.6%	1.42%
TXN	Texas Instruments Inc Technology	Held	26,146	0	$7,323,233	−6.0%	1.42%
TDY	Teledyne Technologies Inc Technology	Reduced	11,923	-21	$7,234,995	−9.2%	1.40%
HON	Honeywell International Inc Industrials	Reduced	30,766	-66	$6,489,780	−6.0%	1.26%
SNPS	Synopsys Inc Technology	Reduced	14,305	-11	$6,221,816	−2.6%	1.20%
BAC	Bank Of America Corp Financial Services	Reduced	94,130	-1,705	$5,123,495	−6.2%	0.99%
LRCX	Lam Research Corp Technology	Reduced	15,346	-428	$5,041,314	−26.2%	0.97%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	24,959	-45	$4,762,676	+5.3%	0.92%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	29,685	-7,840	$4,513,010	−2.3%	0.87%
FERG	Ferguson Enterprises Inc. Industrials	Reduced	16,875	-1,500	$3,756,712	−13.9%	0.73%
IBIT	iShares Bitcoin Trust ETF	Held	75,200	0	$3,559,968	+42.2%	0.69%
OTIS	Otis Worldwide Corp Industrials	NEW	38,491	NEW	$2,475,741	NEW	0.48%
NVDA	Nvidia Corp Technology	Held	8,000	0	$1,827,040	+14.1%	0.35%
PEP	Pepsico Inc Consumer Defensive	Reduced	13,989	-677	$1,772,686	−10.7%	0.34%
BSX	Boston Scientific Corp Healthcare	Reduced	34,693	-1,865	$1,514,349	−2.9%	0.29%
MKTW	Marketwise, Inc. Financial Services	Reduced	72,316	-20,000	$1,431,133	−13.1%	0.28%
ETN	Eaton Corp plc Industrials	Held	3,238	0	$1,391,400	+0.8%	0.27%
GDX	VanEck Gold Miners ETF	Held	13,770	0	$1,209,006	+16.4%	0.23%
AAPL	Apple Inc. Technology	Held	3,499	0	$1,165,236	+15.1%	0.23%
BN	BROOKFIELD Corp Financial Services	Held	30,172	0	$1,100,071	−14.4%	0.21%
VEU	Vanguard International Equity Index Funds	Held	12,062	0	$1,000,784	−0.9%	0.19%
MOAT	VanEck Morningstar Wide Moat ETF	Held	9,095	0	$961,432	+1.7%	0.19%
EPD	Enterprise Products Partners L.P. Energy	Held	22,209	0	$790,862	−3.1%	0.15%
EWJ	iShares MSCI Japan ETF	NEW	7,900	NEW	$769,934	NEW	0.15%
ASHR	DBX ETF Trust	Held	17,610	0	$575,318	−10.9%	0.11%
IHI	iShares U.S. Medical Devices ETF	Reduced	10,401	-690	$532,011	−2.9%	0.10%
ZM	Zoom Communications, Inc. Technology	NEW	5,600	NEW	$508,312	NEW	0.10%
INDA	iShares MSCI India ETF	Held	10,196	0	$475,949	−5.5%	0.09%
FMX	Mexican Economic Development Inc Consumer Defensive	Held	3,845	0	$455,863	−7.3%	0.09%
FXY	Invesco CurrencyShares Japanese Yen Trust	NEW	6,780	NEW	$394,867	NEW	0.08%

Showing the top 50 of 62 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.