Flagstone Financial Management

CIK

1968890

Location

LINCOLN, NE

Portfolio Value

Micro $27,915,089

Diversification

Diversified

Filing Date

Global Rank

#7,544 / 8,517 ▼ 264

Top Industry

Insurance - Diversified 22.2%

3Y Alpha vs SPY

-10.7%

Period ended 46 days ago

Filed Jul 21, 2026 · 25d

15 quarters · since Dec 2022

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+31.2%

SPY

+75.3%

Annualised alpha

-11.1%

Max drawdown

−8.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

37 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

21.7%

−23.9 pts

Top 5

53.4%

−18.7 pts

Top 10

67.9%

−14.8 pts

HHI

832

Diversified−1,514

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	43.7%	$12,196,413	8
Technology	28.9%	$8,073,729	8
Industrials	7.6%	$2,112,274	6
Energy	4.1%	$1,153,358	2
Consumer Defensive	3.6%	$1,006,441	3
Healthcare	2.5%	$703,518	2
Unclassified	2.3%	$637,534	2
Communication Services	2.3%	$632,972	2
Consumer Cyclical	2.2%	$609,673	1
Utilities	1.5%	$423,295	2
Real Estate	1.3%	$365,882	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
BOC	BOSTON OMAHA Corp	+560	24,775	$337,931
AMZN	Amazon Com Inc	+408	2,558	$609,673
MKL	Markel Group Inc.	+28	282	$550,748
MSFT	Microsoft Corp	+24	5,100	$1,902,402
VZ	Verizon Communications Inc	+11	6,619	$280,248
WFC	Wells Fargo & Company/Mn	+8	10,746	$888,049
NVDA	Nvidia Corp	+6	5,043	$1,009,053
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−2,952	987	$352,724
USB	US Bancorp De	−837	23,693	$1,431,057
XOM	ExxonMobil Holdings Corp	−289	6,531	$892,918
AAPL	Apple Inc.	−173	11,485	$3,323,299
JNJ	Johnson & Johnson	−30	1,906	$484,066
ETN	Eaton Corp plc	−25	639	$272,290
BRK-B	Berkshire Hathaway Inc	−23	12,096	$6,052,717
QQQ	Invesco Qqq Trust, Series 1	−12	524	$385,873
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
AMAT	Applied Materials Inc /De	499	$360,777
STX	Seagate Technology Holdings plc	365	$352,225
PANW	Palo Alto Networks Inc	670	$228,483
V	Visa Inc.	646	$221,636
D	Dominion Energy, Inc	3,200	$218,528
CAT	Caterpillar Inc	200	$212,980
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
BNDX	Vanguard Total International Bond ETF	475,934	$22,868,628
VIG	Vanguard Dividend Appreciation ETF	3,190	$686,041
VEA	Vanguard FTSE Developed Markets ETF	6,586	$422,030
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

37 tracked positions · $27,915,089 total · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	12,096	-23	$6,052,717	−7.2%	21.68%
AAPL	Apple Inc. Technology	Reduced	11,485	-173	$3,323,299	+12.3%	11.91%
JPM	Jpmorgan Chase & Co Financial Services	Held	6,694	0	$2,191,147	+11.3%	7.85%
MSFT	Microsoft Corp Technology	Added	5,100	+24	$1,902,402	+1.2%	6.81%
USB	US Bancorp De Financial Services	Reduced	23,693	-837	$1,431,057	+12.2%	5.13%
NVDA	Nvidia Corp Technology	Added	5,043	+6	$1,009,053	+14.9%	3.61%
XOM	ExxonMobil Holdings Corp Energy	Reduced	6,531	-289	$892,918	−22.8%	3.20%
WFC	Wells Fargo & Company/Mn Financial Services	Added	10,746	+8	$888,049	+3.9%	3.18%
DE	Deere & Co Industrials	Held	1,032	0	$654,628	+12.6%	2.35%
AMZN	Amazon Com Inc Consumer Cyclical	Added	2,558	+408	$609,673	+36.2%	2.18%
MA	Mastercard Inc Financial Services	Held	1,140	0	$585,504	+2.8%	2.10%
MKL	Markel Group Inc. Financial Services	Added	282	+28	$550,748	+13.3%	1.97%
JNJ	Johnson & Johnson Healthcare	Reduced	1,906	-30	$484,066	+2.3%	1.73%
ORCL	Oracle Corp Technology	Held	3,278	0	$480,390	−0.4%	1.72%
PEP	Pepsico Inc Consumer Defensive	Held	3,400	0	$460,360	−12.8%	1.65%
CSCO	Cisco Systems, Inc. Technology	Held	3,551	0	$417,100	+51.4%	1.49%
QQQ	Invesco Qqq Trust, Series 1	Reduced	524	-12	$385,873	+24.7%	1.38%
ELS	Equity Lifestyle Properties Inc Real Estate	Held	5,677	0	$365,882	+3.3%	1.31%
AMAT	Applied Materials Inc /De Technology	NEW	499	NEW	$360,777	NEW	1.29%
GOOGL	Alphabet Inc. Communication Services	Reduced	987	-2,952	$352,724	−68.8%	1.26%
STX	Seagate Technology Holdings plc Technology	NEW	365	NEW	$352,225	NEW	1.26%
BOC	BOSTON OMAHA Corp Industrials	Added	24,775	+560	$337,931	+19.5%	1.21%
ROK	Rockwell Automation, Inc Industrials	Held	681	0	$337,149	+38.0%	1.21%
WMT	Walmart Inc. Consumer Defensive	Held	2,745	0	$310,898	−8.9%	1.11%
UNP	Union Pacific Corp Industrials	Held	1,093	0	$297,296	+12.1%	1.07%
VZ	Verizon Communications Inc Communication Services	Added	6,619	+11	$280,248	−15.5%	1.00%
BAC	Bank Of America Corp /De/ Financial Services	Held	4,836	0	$275,555	+16.9%	0.99%
ETN	Eaton Corp plc Industrials	Reduced	639	-25	$272,290	+14.7%	0.98%
VLO	Valero Energy Corp/Tx Energy	Held	1,000	0	$260,440	+5.4%	0.93%
SPY	Spdr S&P 500 ETF Trust	Held	337	0	$251,661	+14.8%	0.90%
PM	Philip Morris International Inc. Consumer Defensive	Held	1,300	0	$235,183	+9.4%	0.84%
PANW	Palo Alto Networks Inc Technology	NEW	670	NEW	$228,483	NEW	0.82%
V	Visa Inc. Financial Services	NEW	646	NEW	$221,636	NEW	0.79%
GILD	Gilead Sciences, Inc. Healthcare	Held	1,737	0	$219,452	−9.3%	0.79%
D	Dominion Energy, Inc Utilities	NEW	3,200	NEW	$218,528	NEW	0.78%
CAT	Caterpillar Inc Industrials	NEW	200	NEW	$212,980	NEW	0.76%
NEE	Nextera Energy Inc Utilities	Held	2,333	0	$204,767	−5.5%	0.73%

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.