Flagstone Financial Management
Filing Date
Global Rank
#7,612
/ 8,603
▲ 133
· as of Mar 2026
Top Industry
Insurance - Diversified
25.3%
3Y Alpha vs SPY
-3.2%
Period ended 3 months ago
Filed Apr 27, 2026 · 2mo
14 quarters · since Dec 2022
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+63.0%
SPY
+76.0%
Annualised alpha
-3.0%
Max drawdown
−14.4%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
30 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
24.7%
−2.7 pts
Top 5
59.1%
−4.5 pts
Top 10
73.6%
−6.6 pts
HHI
1,015
Diversified−209
Portfolio Trend
14 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 47.7% | $11,198,249 |
| Technology | 27.6% | $6,473,865 |
| Industrials | 6.9% | $1,611,228 |
| Consumer Defensive | 4.6% | $1,084,076 |
| Healthcare | 3.0% | $715,320 |
| Communication Services | 2.6% | $615,542 |
| Unclassified | 2.2% | $528,532 |
| Consumer Cyclical | 1.9% | $447,780 |
| Real Estate | 1.5% | $354,358 |
| Energy | 1.1% | $247,080 |
| Utilities | 0.9% | $216,689 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
8 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| JPM | Jpmorgan Chase & Co | +3,152 | 6,694 | $1,969,107 | |
| ORCL | Oracle Corp | +2,001 | 3,278 | $482,226 | |
| PEP | Pepsico Inc | +1,400 | 3,400 | $527,986 | |
| AMZN | Amazon Com Inc | +681 | 2,150 | $447,780 | |
| JNJ | Johnson & Johnson | +125 | 1,936 | $473,235 | |
| AAPL | Apple Inc. | +75 | 11,658 | $2,958,683 | |
| MA | Mastercard Inc | +50 | 1,140 | $569,612 | |
| USB | US Bancorp De | +4 | 24,530 | $1,275,805 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BAC | Bank Of America Corp /De/ | −1,600 | 4,836 | $235,755 | |
| WFC | Wells Fargo & Company/Mn | −1,108 | 10,738 | $854,852 | |
| ELS | Equity Lifestyle Properties Inc | −388 | 5,677 | $354,358 | |
| MSFT | Microsoft Corp | −79 | 5,076 | $1,878,982 | |
| BRK-B | Berkshire Hathaway Inc | −71 | 12,118 | $5,806,945 | |
| QQQ | Invesco Qqq Trust, Series 1 | −16 | 536 | $309,368 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| VZ | Verizon Communications Inc | 6,608 | $331,721 | |
| CSCO | Cisco Systems, Inc. | 3,551 | $275,522 | |
| VLO | Valero Energy Corp/Tx | 1,000 | $247,080 | |
| GILD | Gilead Sciences, Inc. | 1,737 | $242,085 | |
| NEE | Nextera Energy Inc | 2,333 | $216,689 | |
| PM | Philip Morris International Inc. | 1,300 | $214,942 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SHOP | Shopify Inc. | 1,480 | $238,235 | |
| No positions match the current search. | ||||
30 positions ·
$23,492,719 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 12,118 | $5,806,945 | 24.72% | |
| AAPL |
Apple Inc.
Technology
|
Added | 11,658 | $2,958,683 | 12.59% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 6,694 | $1,969,107 | 8.38% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 5,076 | $1,878,982 | 8.00% | |
| USB |
US Bancorp De
Financial Services
|
Added | 24,530 | $1,275,805 | 5.43% | |
| NVDA |
Nvidia Corp
Technology
|
Held | 5,037 | $878,452 | 3.74% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 10,738 | $854,852 | 3.64% | |
| DE |
Deere & Co
Industrials
|
Held | 1,032 | $581,325 | 2.47% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 1,140 | $569,612 | 2.42% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 3,400 | $527,986 | 2.25% | |
| MKL |
Markel Group Inc.
Financial Services
|
Held | 254 | $486,173 | 2.07% | |
| ORCL |
Oracle Corp
Technology
|
Added | 3,278 | $482,226 | 2.05% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 1,936 | $473,235 | 2.01% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 2,150 | $447,780 | 1.91% | |
| ELS |
Equity Lifestyle Properties Inc
Real Estate
|
Reduced | 5,677 | $354,358 | 1.51% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Held | 2,745 | $341,148 | 1.45% | |
| VZ |
Verizon Communications Inc
Communication Services
|
NEW | 6,608 | $331,721 | 1.41% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Reduced | 536 | $309,368 | 1.32% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Held | 987 | $283,821 | 1.21% | |
| BOC |
BOSTON OMAHA Corp
Industrials
|
Held | 24,215 | $282,831 | 1.20% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
NEW | 3,551 | $275,522 | 1.17% | |
| UNP |
Union Pacific Corp
Industrials
|
Held | 1,093 | $265,183 | 1.13% | |
| VLO |
Valero Energy Corp/Tx
Energy
|
NEW | 1,000 | $247,080 | 1.05% | |
| ROK |
Rockwell Automation, Inc
Industrials
|
Held | 681 | $244,397 | 1.04% | |
| GILD |
Gilead Sciences, Inc.
Healthcare
|
NEW | 1,737 | $242,085 | 1.03% | |
| ETN |
Eaton Corp plc
Industrials
|
Held | 664 | $237,492 | 1.01% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Reduced | 4,836 | $235,755 | 1.00% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 337 | $219,164 | 0.93% | |
| NEE |
Nextera Energy Inc
Utilities
|
NEW | 2,333 | $216,689 | 0.92% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
NEW | 1,300 | $214,942 | 0.91% |