RAELIPSKIE PARTNERSHIP

CIK

2023896

Location

WATERLOO, A6

Portfolio Value

Small $113,912,816

Diversification

Diversified

Filing Date

Global Rank

#5,061 / 8,232 ▲ 188

Top Industry

Banks - Diversified 15.7%

3Y Alpha vs SPY

-2.1%

Period ended 2 months ago

Filed Apr 29, 2026 · 45d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+47.7%

SPY

+52.9%

Annualised alpha

-1.8%

Max drawdown

−19.2%

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

71 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

22.4%

+0.3 pts

Top 5

54.1%

−1.8 pts

Top 10

68.9%

−1.0 pts

HHI

921

Diversified−11

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	37.8%	$43,023,942	2
Technology	21.3%	$24,257,265	14
Financial Services	13.2%	$15,060,066	11
Consumer Defensive	6.0%	$6,781,231	4
Communication Services	5.3%	$6,066,148	4
Consumer Cyclical	4.1%	$4,638,694	7
Healthcare	3.6%	$4,108,115	7
Basic Materials	3.1%	$3,501,525	5
Utilities	1.8%	$2,070,860	2
Industrials	1.8%	$2,019,205	11
Energy	1.1%	$1,260,385	3
Real Estate	1.0%	$1,125,380	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
UL	Unilever PLC	+5,178	19,018	$1,083,455
LYB	LyondellBasell Industries N.V.	+4,222	14,536	$1,171,020
PG	PROCTER & GAMBLE Co	+2,222	16,952	$2,448,546
PEP	Pepsico Inc	+1,711	20,554	$3,191,830
SONY	Sony Group Corp	+1,554	59,738	$1,236,576
PRU	Prudential Financial Inc	+1,163	12,429	$1,214,189
NVO	Novo Nordisk A S	+966	17,848	$655,914
BP	Bp PLC	+772	22,979	$1,080,013
MSFT	Microsoft Corp	+710	19,444	$7,197,585
BRK-B	Berkshire Hathaway Inc	+373	5,644	$2,704,604
HD	Home Depot, Inc.	+373	7,525	$2,474,897
NEE	Nextera Energy Inc	+300	21,797	$2,024,505
PLD	Prologis, Inc.	+248	8,514	$1,125,380
GE	General Electric Co	+128	4,403	$1,249,439
SPY	Spdr S&P 500 ETF Trust	+82	39,199	$25,492,677
META	Meta Platforms, Inc.	+71	3,590	$2,053,946
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
SAN	Banco Santander, S.A.	−7,137	172,236	$1,942,822
CRM	Salesforce, Inc.	−5,202	175	$32,667
UNP	Union Pacific Corp	−4,262	748	$181,479
CSCO	Cisco Systems, Inc.	−2,985	49,589	$3,847,610
HSBC	Hsbc Holdings PLC	−2,356	31,465	$2,595,547
PFE	Pfizer Inc	−1,347	11,117	$312,165
AAPL	Apple Inc.	−1,165	27,485	$6,975,418
BA	Boeing Co	−900	115	$22,888
JPM	Jpmorgan Chase & Co	−842	15,246	$4,484,763
GOOGL	Alphabet Inc.	−821	13,671	$3,931,232
BAC	Bank Of America Corp /De/	−758	34,319	$1,673,051
JNJ	Johnson & Johnson	−529	12,753	$3,117,343
RIO	Rio Tinto PLC	−495	10,952	$1,021,712
INTC	Intel Corp	−425	3,940	$173,872
TM	Toyota Motor Corp/	−255	10,442	$2,151,991
QQQ	Invesco Qqq Trust, Series 1	−205	30,374	$17,531,265
UBER	Uber Technologies, Inc	−133	14,163	$1,018,744
NKE	NIKE, Inc.	−100	50	$2,641
DHR	Danaher Corp /De/	−19	93	$17,632
AVGO	Broadcom Inc.	−10	8,158	$2,524,982
SOLS	Solstice Advanced Materials Inc.	−7	77	$5,864
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
MU	Micron Technology Inc	3,588	$1,212,169
MUX	McEwen Inc.	1,372	$28,016
KEYS	Keysight Technologies, Inc.	93	$26,260
TFC	Truist Financial Corp	447	$20,548
SPIR	Spire Global, Inc.	875	$11,007
NOW	ServiceNow, Inc.	20	$2,091
MRVL	Marvell Technology, Inc.	16	$1,584
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
JMIA	Jumia Technologies AG	2,450	$30,600
TJX	Tjx Companies Inc /De/	80	$12,288
ZTS	Zoetis Inc.	70	$8,807
CME	Cme Group Inc.	25	$6,827
CRSP	CRISPR Therapeutics AG	100	$5,244
TDOC	Teladoc Health, Inc.	448	$3,136
EDIT	Editas Medicine, Inc.	200	$410
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

71 positions · $113,912,816 total · as of Mar 31, 2026

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

Showing 1–50 of 71 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	Added	39,199	+82	$25,492,677	−4.4%	22.38%
QQQ	Invesco Qqq Trust, Series 1	Reduced	30,374	-205	$17,531,265	−6.7%	15.39%
MSFT	Microsoft Corp Technology	Added	19,444	+710	$7,197,585	−20.6%	6.32%
AAPL	Apple Inc. Technology	Reduced	27,485	-1,165	$6,975,418	−10.4%	6.12%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	15,246	-842	$4,484,763	−13.5%	3.94%
GOOGL	Alphabet Inc. Communication Services	Reduced	13,671	-821	$3,931,232	−13.3%	3.45%
CSCO	Cisco Systems, Inc. Technology	Reduced	49,589	-2,985	$3,847,610	−5.0%	3.38%
PEP	Pepsico Inc Consumer Defensive	Added	20,554	+1,711	$3,191,830	+18.0%	2.80%
JNJ	Johnson & Johnson Healthcare	Reduced	12,753	-529	$3,117,343	+13.4%	2.74%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	5,644	+373	$2,704,604	+2.1%	2.37%
HSBC	Hsbc Holdings PLC Financial Services	Reduced	31,465	-2,356	$2,595,547	−2.4%	2.28%
AVGO	Broadcom Inc. Technology	Reduced	8,158	-10	$2,524,982	−10.7%	2.22%
HD	Home Depot, Inc. Consumer Cyclical	Added	7,525	+373	$2,474,897	+0.6%	2.17%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	16,952	+2,222	$2,448,546	+16.0%	2.15%
TM	Toyota Motor Corp/ Consumer Cyclical	Reduced	10,442	-255	$2,151,991	−6.0%	1.89%
META	Meta Platforms, Inc. Communication Services	Added	3,590	+71	$2,053,946	−11.6%	1.80%
NEE	Nextera Energy Inc Utilities	Added	21,797	+300	$2,024,505	+17.3%	1.78%
SAN	Banco Santander, S.A. Financial Services	Reduced	172,236	-7,137	$1,942,822	−7.7%	1.71%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	34,319	-758	$1,673,051	−13.3%	1.47%
BHP	BHP Group Ltd Basic Materials	Held	17,527	0	$1,274,913	+20.5%	1.12%
GE	General Electric Co Industrials	Added	4,403	+128	$1,249,439	−5.1%	1.10%
SONY	Sony Group Corp Technology	Added	59,738	+1,554	$1,236,576	−17.0%	1.09%
PRU	Prudential Financial Inc Financial Services	Added	12,429	+1,163	$1,214,189	−4.5%	1.07%
MU	Micron Technology Inc Technology	NEW	3,588	NEW	$1,212,169	NEW	1.06%
LYB	LyondellBasell Industries N.V. Basic Materials	Added	14,536	+4,222	$1,171,020	+162.2%	1.03%
PLD	Prologis, Inc. Real Estate	Added	8,514	+248	$1,125,380	+6.6%	0.99%
UL	Unilever PLC Consumer Defensive	Added	19,018	+5,178	$1,083,455	+19.7%	0.95%
BP	Bp PLC Energy	Added	22,979	+772	$1,080,013	+40.0%	0.95%
RIO	Rio Tinto PLC Basic Materials	Reduced	10,952	-495	$1,021,712	+11.5%	0.90%
UBER	Uber Technologies, Inc Technology	Reduced	14,163	-133	$1,018,744	−12.8%	0.89%
NVO	Novo Nordisk A S Healthcare	Added	17,848	+966	$655,914	−23.6%	0.58%
TT	Trane Technologies plc Industrials	Held	1,095	0	$456,330	+7.1%	0.40%
WFC	Wells Fargo & Company/Mn Financial Services	Held	5,070	0	$403,622	−14.6%	0.35%
PFE	Pfizer Inc Healthcare	Reduced	11,117	-1,347	$312,165	+0.6%	0.27%
UNP	Union Pacific Corp Industrials	Reduced	748	-4,262	$181,479	−84.3%	0.16%
INTC	Intel Corp Technology	Reduced	3,940	-425	$173,872	+7.9%	0.15%
CVX	Chevron Corp Energy	Held	520	0	$107,588	+35.8%	0.09%
TTE	TotalEnergies SE Energy	Held	800	0	$72,784	+39.1%	0.06%
DEO	Diageo PLC Consumer Defensive	Held	771	0	$57,400	−13.7%	0.05%
RTX	RTX Corp Industrials	Held	250	0	$48,225	+5.2%	0.04%
CEG	Constellation Energy Corp Utilities	Held	166	0	$46,355	−21.0%	0.04%
AMX	America Movil Sab De Cv/ Communication Services	Held	1,800	0	$45,864	+23.3%	0.04%
T	At&T Inc. Communication Services	Held	1,211	0	$35,106	+16.7%	0.03%
CRM	Salesforce, Inc. Technology	Reduced	175	-5,202	$32,667	−97.7%	0.03%
MUX	McEwen Inc. Basic Materials	NEW	1,372	NEW	$28,016	NEW	0.02%
KEYS	Keysight Technologies, Inc. Technology	NEW	93	NEW	$26,260	NEW	0.02%
APG	APi Group Corp Industrials	Held	630	0	$25,527	+5.9%	0.02%
BA	Boeing Co Industrials	Reduced	115	-900	$22,888	−89.6%	0.02%
TFC	Truist Financial Corp Financial Services	NEW	447	NEW	$20,548	NEW	0.02%
DHR	Danaher Corp /De/ Healthcare	Reduced	93	-19	$17,632	−31.2%	0.02%