Payne Capital Management, LLC

Registered adviser

CIK

1994332

Location

New York, NY

Portfolio Value

Small $375,037,139

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,589 / 8,827 ▼ 5

Top Industry

Semiconductors 18.4%

Period ended 4 months ago

Filed Aug 17, 2026 · 3mo

7 quarters · since Dec 2024

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, Nov 1, 2026

Form ADV adviser

CRD 147119

Roster of Nov 1, 2026

Regulatory AUM

$1,340,509,456

Main clients

Individuals and high net worth (97% 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
Apr 2026 to Nov 2026	$1,340,509,456	Individuals and high net worth (97%)
Apr 2025 to Mar 2026	$1,207,479,184	Individuals and high net worth (96%)
Apr 2024 to Mar 2025	$1,062,479,416	Individuals and high net worth (96%)
May 2023 to Mar 2024	$895,029,012	Individuals and high net worth (96%)
Apr 2023	$895,029,012	Individuals and high net worth (96%)
Apr 2022 to Mar 2023	$1,043,695,647	Individuals and high net worth (96%)

4 earlier changes not shown.

Stated strategy

Quantitative / systematic, Income, Fixed income / rates, Multi-asset, Wealth management / planning Form ADV Part 2A, Mar 26, 2026 · original

In the firm's words

Quantitative / systematic: MPT is a mathematical based investment discipline that seeks to quantify expected portfolio returns in relation to corresponding portfolio risk.
Income: This type of transaction is used to generate income.
Fixed income / rates: Payne CM will manage portfolios by allocating portfolio assets among various mutual funds, exchange traded funds, individual stocks, individual bonds and/or options on a discretionary basis using one or more of its proprietary investment strategies
Multi-asset: Payne CM will manage portfolios by allocating portfolio assets among various mutual funds, exchange traded funds, individual stocks, individual bonds and/or options on a discretionary basis using one or more of its proprietary investment strategies
Wealth management / planning: Payne CM will recommend the use of Independent Managers for certain clients.

Portfolio style

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

Style

Concentrated

The top 10 positions are 88.1% of the book (60%+)

Turnover

Low turnover

4.5% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 6.8 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 87.0%; sector active share 77.8% against the combined 13F book's sector weights.

Over time 7 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

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

Top Position

26.2%

+0.4 pts

Top 5

75.5%

−0.7 pts

Top 10

88.1%

−2.1 pts

HHI

1,541

Moderately concentrated+3

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	90.7%	$340,215,776	41
Technology	3.5%	$12,983,858	13
Financial Services	2.8%	$10,524,480	10
Healthcare	0.9%	$3,198,152	5
Communication Services	0.6%	$2,200,576	4
Consumer Cyclical	0.5%	$1,998,739	4
Energy	0.4%	$1,323,556	2
Industrials	0.3%	$1,077,637	4
Consumer Defensive	0.3%	$1,044,424	3
Basic Materials	0.1%	$241,380	1
Utilities	0.1%	$228,561	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VUG	VANGUARD GROWTH INDEX FUND	+166,883	201,200	$17,331,368
SCHF	Schwab International Equity ETF	+31,951	1,570,302	$43,497,365
SCHG	Schwab U.S. Large-Cap Growth ETF	+18,365	580,688	$19,650,481
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	+18,026	934,217	$20,870,407
SCHV	Schwab U.S. Large-Cap Value ETF	+16,847	560,537	$19,512,292
FREL	Fidelity MSCI Real Estate Index ETF	+14,076	326,406	$9,563,695
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	+10,174	237,574	$10,655,193
AMLP	Alerian MLP ETF	+9,606	74,455	$3,860,491
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+9,271	424,274	$25,324,915
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+4,466	5,104	$610,030
NFLX	Netflix Inc	+2,770	5,496	$392,414
MLPX	Global X MLP and Energy Infrastructure ETF	+2,413	420,592	$30,980,806
IFGL	iShares International Developed Real Estate ETF	+2,149	77,709	$1,732,910
VOE	VANGUARD MID-CAP VALUE INDEX FUND	+1,245	77,425	$15,299,180
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	+1,149	52,013	$15,931,581
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	+1,073	64,545	$15,683,789
JPM	Jpmorgan Chase & Co	+567	3,320	$1,086,735
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	+520	46,677	$17,069,778
AVGO	Broadcom Inc.	+426	1,923	$726,413
GOOGL	Alphabet Inc.	+330	2,431	$868,766
ABBV	AbbVie Inc.	+306	1,372	$345,250
META	Meta Platforms, Inc.	+203	1,058	$595,960
MS	Morgan Stanley	+187	3,797	$793,724
VNQ	VANGUARD REAL ESTATE INDEX FUND	+127	46,244	$4,459,308
JNJ	Johnson & Johnson	+83	1,127	$286,224
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
MSFT	Microsoft Corp	−2,727	1,747	$651,665
REET	iShares Global REIT ETF	−2,108	75,826	$2,094,314
VEA	Vanguard FTSE Developed Markets ETF	−1,610	349,447	$24,898,098
QQQ	Invesco Qqq Trust, Series 1	−1,523	639	$470,559
BRK-B	Berkshire Hathaway Inc	−1,003	1,170	$585,456
MRK	Merck & Co., Inc.	−1,000	12,775	$1,641,587
CSCO	Cisco Systems, Inc.	−800	2,850	$334,761
UNP	Union Pacific Corp	−644	883	$240,176
SCHE	Schwab Emerging Markets Equity ETF	−632	216,012	$7,832,595
AMZN	Amazon Com Inc	−612	3,477	$828,708
VTV	VANGUARD VALUE INDEX FUND	−598	72,361	$15,769,632
SCHC	Schwab International Small-Cap Equity ETF	−587	6,468	$311,240
AAPL	Apple Inc.	−369	13,019	$3,767,177
XOM	ExxonMobil Holdings Corp	−362	7,650	$1,045,908
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	−265	13,202	$2,036,936
IEFA	iShares Core MSCI EAFE ETF	−238	3,712	$358,504
NVDA	Nvidia Corp	−191	18,260	$3,653,643
SPY	Spdr S&P 500 ETF Trust	−150	2,351	$1,755,656
MDYG	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Growth ETF	−134	12,762	$1,430,492
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	−131	1,991	$379,325
SLYV	State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF	−118	21,219	$2,315,205
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	−99	3,039	$462,475
SLYG	State Street(R) SPDR(R) S & P 600(TM) Small Cap Growth ETF	−61	12,074	$1,438,375
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
BRK-A	Berkshire Hathaway Inc	5	$3,744,250
DB	Deutsche Bank Aktiengesellschaft	73,599	$2,484,702
GLDM	World Gold Trust	12,500	$992,750
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	10,000	$531,100
BX	Blackstone Inc.	4,446	$523,160
KKR	KKR & Co. Inc.	5,080	$466,242
AMD	Advanced Micro Devices Inc	638	$370,620
INTC	Intel Corp	2,604	$363,596
IBM	International Business Machines Corp	1,080	$303,706
CAT	Caterpillar Inc	261	$277,938
CVX	Chevron Corp	1,675	$277,648
COST	Costco Wholesale Corp	266	$248,835
WTS	Watts Water Technologies Inc	626	$245,047
SSD	Simpson Manufacturing Co., Inc.	1,153	$241,380
KLAC	Kla Corp	800	$241,368
GOLF	Acushnet Holdings Corp.	1,856	$219,991
MO	Altria Group, Inc.	2,921	$210,165
PRI	Primerica, Inc.	720	$204,624
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
IVE	iShares S&P 500 Value ETF	1,932	$407,941
GS	Goldman Sachs Group Inc	319	$269,870
WMT	Walmart Inc.	1,994	$247,814
KO	Coca Cola Co	3,013	$229,138
TRV	Travelers Companies, Inc.	778	$226,927
T	At&T Inc.	7,518	$217,946
ORCL	Oracle Corp	1,439	$211,691
BMY	Bristol Myers Squibb Co	3,313	$200,933
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

88 tracked positions · $375,037,139 total · filing declares 88 positions · $375,038,078 · as of Jun 30, 2026

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

Showing 1–50 of 88 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SCHF	Schwab International Equity ETF	Added	1,570,302	+31,951	$43,497,365	+14.2%	7	before history	11.60%
MLPX	Global X MLP and Energy Infrastructure ETF	Added	420,592	+2,413	$30,980,806	+0.2%	7	before history	8.26%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	424,274	+9,271	$25,324,915	+12.9%	7	before history	6.75%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	349,447	-1,610	$24,898,098	+10.7%	7	before history	6.64%
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	Added	934,217	+18,026	$20,870,407	−6.2%	7	before history	5.56%
SCHG	Schwab U.S. Large-Cap Growth ETF	Added	580,688	+18,365	$19,650,481	+20.0%	7	before history	5.24%
SCHV	Schwab U.S. Large-Cap Value ETF	Added	560,537	+16,847	$19,512,292	+17.7%	7	before history	5.20%
VUG	VANGUARD GROWTH INDEX FUND	Added	201,200	+166,883	$17,331,368	+15.6%	7	before history	4.62%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Added	46,677	+520	$17,069,778	+22.4%	7	before history	4.55%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	Added	52,013	+1,149	$15,931,581	+21.7%	7	before history	4.25%
VTV	VANGUARD VALUE INDEX FUND	Reduced	72,361	-598	$15,769,632	+10.2%	7	before history	4.20%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Added	64,545	+1,073	$15,683,789	+13.7%	7	before history	4.18%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Added	77,425	+1,245	$15,299,180	+9.0%	7	before history	4.08%
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	Added	237,574	+10,174	$10,655,193	+5.4%	7	before history	2.84%
FREL	Fidelity MSCI Real Estate Index ETF	Added	326,406	+14,076	$9,563,695	+13.8%	7	before history	2.55%
SCHE	Schwab Emerging Markets Equity ETF	Reduced	216,012	-632	$7,832,595	+9.7%	7	before history	2.09%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	46,244	+127	$4,459,308	+9.0%	7	before history	1.19%
AMLP	Alerian MLP ETF	Added	74,455	+9,606	$3,860,491	+13.1%	7	before history	1.03%
AAPL	Apple Inc. Technology	Reduced	13,019	-369	$3,767,177	+10.9%	7	before history	1.00%
BRK-A	Berkshire Hathaway Inc Financial Services	NEW	5	NEW	$3,744,250	NEW	1	$721,185.90	1.00%
NVDA	Nvidia Corp Technology	Reduced	18,260	-191	$3,653,643	+13.5%	7	before history	0.97%
DB	Deutsche Bank Aktiengesellschaft Financial Services	NEW	73,599	NEW	$2,484,702	NEW	1	$32.41	0.66%
SLYV	State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF	Reduced	21,219	-118	$2,315,205	+14.7%	7	before history	0.62%
REET	iShares Global REIT ETF	Reduced	75,826	-2,108	$2,094,314	+6.9%	7	before history	0.56%
MDYV	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Value ETF	Added	22,067	+32	$2,093,054	+11.6%	7	before history	0.56%
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	Reduced	13,202	-265	$2,036,936	+3.7%	7	before history	0.54%
SPY	Spdr S&P 500 ETF Trust	Reduced	2,351	-150	$1,755,656	+7.9%	7	before history	0.47%
IFGL	iShares International Developed Real Estate ETF	Added	77,709	+2,149	$1,732,910	+2.6%	7	before history	0.46%
MRK	Merck & Co., Inc. Healthcare	Reduced	12,775	-1,000	$1,641,587	−0.9%	7	before history	0.44%
SLYG	State Street(R) SPDR(R) S & P 600(TM) Small Cap Growth ETF	Reduced	12,074	-61	$1,438,375	+22.7%	7	before history	0.38%
MDYG	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Growth ETF	Reduced	12,762	-134	$1,430,492	+15.6%	7	before history	0.38%
MU	Micron Technology Inc Technology	Held	1,115	0	$1,287,033	+241.7%	3	$229.44	0.34%
JPM	Jpmorgan Chase & Co Financial Services	Added	3,320	+567	$1,086,735	+34.2%	7	before history	0.29%
XOM	ExxonMobil Holdings Corp Energy	Reduced	7,650	-362	$1,045,908	−23.1%	7	before history	0.28%
GLDM	World Gold Trust	NEW	12,500	NEW	$992,750	NEW	1	$89.29	0.26%
GOOGL	Alphabet Inc. Communication Services	Added	2,431	+330	$868,766	+43.8%	7	before history	0.23%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	3,477	-612	$828,708	−2.7%	7	before history	0.22%
MS	Morgan Stanley Financial Services	Added	3,797	+187	$793,724	+33.6%	7	before history	0.21%
AVGO	Broadcom Inc. Technology	Added	1,923	+426	$726,413	+56.8%	7	before history	0.19%
VOO	VANGUARD 500 INDEX FUND	Added	1,005	+3	$690,244	+15.3%	7	before history	0.18%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	1,762	+22	$652,010	+16.8%	7	before history	0.17%
MSFT	Microsoft Corp Technology	Reduced	1,747	-2,727	$651,665	−60.7%	7	before history	0.17%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Added	5,104	+4,466	$610,030	+37.0%	6	unpriced	0.16%
EDC	Direxion Daily MSCI Emerging Markets Bull 3X Shares	Added	6,730	+32	$598,498	+59.6%	5	unpriced	0.16%
META	Meta Platforms, Inc. Communication Services	Added	1,058	+203	$595,960	+21.8%	7	before history	0.16%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	1,170	-1,003	$585,456	−43.8%	7	before history	0.16%
PM	Philip Morris International Inc. Consumer Defensive	Held	3,236	0	$585,424	+9.4%	7	before history	0.16%
GLW	Corning Inc Technology	Held	2,137	0	$545,853	+87.9%	3	$86.13	0.15%
MCK	Mckesson Corp Healthcare	Added	710	+55	$536,476	−5.4%	7	before history	0.14%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	NEW	10,000	NEW	$531,100	NEW	1	$57.18	0.14%

Showing the top 50 of 88 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.