RAELIPSKIE PARTNERSHIP

Registered adviser

CIK

2023896

Location

WATERLOO, A6

Portfolio Value

Small $233,703,431

Diversification

Diversified

Filing Date

Global Rank

#6,023 / 8,827 ▲ 3

Top Industry

Banks - Diversified 15.9%

Period ended 4 months ago

Filed Aug 4, 2026 · 3mo

11 quarters · since Dec 2023

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 327652

Roster of Nov 1, 2026

Regulatory AUM

$1,066,219,716

Main clients

Individuals and high net worth (82% 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	$1,066,219,716	Individuals and high net worth (82%)
Apr 2025 to Mar 2026	$938,122,186	Individuals and high net worth (96%)
Apr 2024 to Mar 2025	$899,090,860	Individuals and high net worth (96%)
Nov 2023 to Mar 2024	$856,280,685	Individuals and high net worth (96%)

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 69.4% of the book (60%+)

Turnover

Low turnover

9.2% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 10.3 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 76.1%; sector active share 52.8% against the combined 13F book's sector weights.

Over time 11 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

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

Top Position

12.3%

−0.3 pts

Top 5

48.1%

−0.6 pts

Top 10

69.4%

−0.9 pts

HHI

609

Diversified−13

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	65.7%	$153,496,344	25
Technology	12.7%	$29,777,315	18
Financial Services	7.4%	$17,297,543	11
Communication Services	3.1%	$7,129,856	4
Consumer Defensive	2.9%	$6,734,898	4
Healthcare	2.2%	$5,099,349	8
Consumer Cyclical	2.1%	$4,811,223	8
Industrials	1.1%	$2,544,033	13
Basic Materials	1.1%	$2,506,669	3
Utilities	0.9%	$2,059,675	2
Real Estate	0.5%	$1,248,220	1
Energy	0.4%	$998,306	3

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
—		+66,405	83,065	$2,276,811
PFE	Pfizer Inc	+25,252	36,369	$875,765
—		+13,390	51,625	$2,977,213
NVO	Novo Nordisk A S	+2,318	20,166	$966,758
UBER	Uber Technologies, Inc	+2,000	16,163	$1,166,322
SONY	Sony Group Corp	+2,000	61,738	$1,238,464
NEE	Nextera Energy Inc	+1,200	22,997	$2,018,446
PEP	Pepsico Inc	+1,088	21,642	$2,930,326
MSFT	Microsoft Corp	+978	20,422	$7,617,814
PG	PROCTER & GAMBLE Co	+861	17,813	$2,612,098
HD	Home Depot, Inc.	+747	8,272	$2,917,368
TM	Toyota Motor Corp	+700	11,142	$1,876,535
PLD	Prologis, Inc.	+700	9,214	$1,248,220
RSP	Victory Portfolios II	+675	105,761	$22,502,767
BRK-B	Berkshire Hathaway Inc	+649	6,293	$3,148,954
META	Meta Platforms, Inc.	+325	3,915	$2,205,280
NOW	ServiceNow, Inc.	+210	230	$22,834
JPM	Jpmorgan Chase & Co	+116	15,362	$5,028,443
PRU	Prudential Financial Inc	+100	12,529	$1,352,254
MAGS	Roundhill Magnificent Seven ETF	+20	170	$10,931
AVGO	Broadcom Inc.	+18	8,176	$3,088,484
GE	General Electric Co	+17	4,420	$1,651,886
MU	Micron Technology Inc	+15	3,603	$4,158,906
CVX	Chevron Corp	+5	525	$87,024
UNP	Union Pacific Corp	+3	751	$204,272
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
CSCO	Cisco Systems, Inc.	−20,027	29,562	$3,472,352
EMXC	iShares MSCI Emerging Markets ex China ETF	−8,655	122,777	$12,560,087
VEA	Vanguard FTSE Developed Markets ETF	−8,490	325,631	$23,201,208
IWM	iShares Russell 2000 ETF	−3,750	33,193	$9,972,836
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−2,565	260,394	$15,542,917
INTC	Intel Corp	−2,135	1,805	$252,032
—		−1,395	5,280	$1,004,203
AAPL	Apple Inc.	−1,087	26,398	$7,638,525
SPY	Spdr S&P 500 ETF Trust	−764	38,435	$28,702,104
TFC	Truist Financial Corp	−247	200	$9,964
IVOO	VANGUARD S&P MID-CAP 400 INDEX FUND	−215	81,865	$10,675,196
QQQ	Invesco Qqq Trust, Series 1	−201	30,173	$22,219,397
DEO	Diageo PLC	−160	611	$49,112
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	−150	820	$126,517
CRM	Salesforce, Inc.	−100	75	$11,749
BAC	Bank Of America Corp	−100	34,219	$1,949,798
GOOGL	Alphabet Inc.	−92	13,579	$4,852,727
JNJ	Johnson & Johnson	−31	12,722	$3,231,006
KD	Kyndryl Holdings, Inc.	−25	5	$56
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
ACN	Accenture plc	8,476	$1,054,753
FDXF	FedEx Freight Holding Company, Inc.	50	$7,550
LRCX	Lam Research Corp	17	$7,366
CCL	Carnival Corp Ltd.	201	$5,742
HCA	HCA Healthcare, Inc.	10	$3,898
INTU	Intuit Inc.	14	$3,654
SPCX	Space Exploration Technologies Corp	10	$1,708
TMO	Thermo Fisher Scientific Inc.	3	$1,504
VRT	Vertiv Holdings Co	3	$1,004
ANET	Arista Networks, Inc.	5	$849
SCHD	Schwab U.S. Dividend Equity ETF	25	$792
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
LYB	LyondellBasell Industries N.V.	14,536	$1,171,020
SGOV	iShares 0-3 Month Treasury Bond ETF	1,350	$135,891
MUX	McEwen Inc.	1,372	$28,016
LHX	L3harris Technologies, Inc.	15	$5,177
RGEN	Repligen Corp	25	$2,945
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

100 tracked positions · $233,703,431 total · filing declares 124 positions · $264,839,609 · as of Jun 30, 2026

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

Showing 1–50 of 100 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	38,435	-764	$28,702,104	+12.6%	11	before history	12.28%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	325,631	-8,490	$23,201,208	+8.4%	11	before history	9.93%
RSP	Victory Portfolios II	Added	105,761	+675	$22,502,767	+11.6%	9	$169.74	9.63%
QQQ	Invesco Qqq Trust, Series 1	Reduced	30,173	-201	$22,219,397	+26.7%	11	before history	9.51%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	260,394	-2,565	$15,542,917	+9.4%	11	before history	6.65%
EMXC	iShares MSCI Emerging Markets ex China ETF	Reduced	122,777	-8,655	$12,560,087	+21.5%	11	before history	5.37%
IVOO	VANGUARD S&P MID-CAP 400 INDEX FUND	Reduced	81,865	-215	$10,675,196	+13.8%	11	before history	4.57%
IWM	iShares Russell 2000 ETF	Reduced	33,193	-3,750	$9,972,836	+8.9%	11	before history	4.27%
AAPL	Apple Inc. Technology	Reduced	26,398	-1,087	$7,638,525	+9.5%	11	before history	3.27%
MSFT	Microsoft Corp Technology	Added	20,422	+978	$7,617,814	+5.8%	11	before history	3.26%
JPM	Jpmorgan Chase & Co Financial Services	Added	15,362	+116	$5,028,443	+12.1%	11	before history	2.15%
GOOGL	Alphabet Inc. Communication Services	Reduced	13,579	-92	$4,852,727	+23.4%	11	before history	2.08%
MU	Micron Technology Inc Technology	Added	3,603	+15	$4,158,906	+243.1%	2	$393.21	1.78%
CSCO	Cisco Systems, Inc. Technology	Reduced	29,562	-20,027	$3,472,352	−9.8%	5	$67.46	1.49%
JNJ	Johnson & Johnson Healthcare	Reduced	12,722	-31	$3,231,006	+3.6%	11	before history	1.38%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	6,293	+649	$3,148,954	+16.4%	11	before history	1.35%
AVGO	Broadcom Inc. Technology	Added	8,176	+18	$3,088,484	+22.3%	11	before history	1.32%
HSBC	Hsbc Holdings PLC Financial Services	Held	31,465	0	$2,992,006	+15.3%	11	before history	1.28%
		Added	51,625	+13,390	$2,977,213	+61.1%	3	$48.48	1.27%
PEP	Pepsico Inc Consumer Defensive	Added	21,642	+1,088	$2,930,326	−8.2%	3	$147.76	1.25%
HD	Home Depot, Inc. Consumer Cyclical	Added	8,272	+747	$2,917,368	+17.9%	11	before history	1.25%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	17,813	+861	$2,612,098	+6.7%	11	before history	1.12%
SAN	Banco Santander, S.A. Financial Services	Held	172,236	0	$2,376,856	+22.3%	11	before history	1.02%
		Added	83,065	+66,405	$2,276,811	+403.5%	11	before history	0.97%
META	Meta Platforms, Inc. Communication Services	Added	3,915	+325	$2,205,280	+7.4%	11	before history	0.94%
NEE	Nextera Energy Inc Utilities	Added	22,997	+1,200	$2,018,446	−0.3%	11	before history	0.86%
BAC	Bank Of America Corp Financial Services	Reduced	34,219	-100	$1,949,798	+16.5%	11	before history	0.83%
TM	Toyota Motor Corp Consumer Cyclical	Added	11,142	+700	$1,876,535	−12.8%	11	before history	0.80%
GE	General Electric Co Industrials	Added	4,420	+17	$1,651,886	+32.2%	8	$174.21	0.71%
BHP	BHP Group Ltd Basic Materials	Held	17,527	0	$1,460,174	+14.5%	11	before history	0.62%
PRU	Prudential Financial Inc Financial Services	Added	12,529	+100	$1,352,254	+11.4%	11	before history	0.58%
PLD	Prologis, Inc. Real Estate	Added	9,214	+700	$1,248,220	+10.9%	10	$123.72	0.53%
SONY	Sony Group Corp Technology	Added	61,738	+2,000	$1,238,464	+0.2%	11	before history	0.53%
UBER	Uber Technologies, Inc Technology	Added	16,163	+2,000	$1,166,322	+14.5%	10	$73.14	0.50%
UL	Unilever PLC Consumer Defensive	Held	19,018	0	$1,143,362	+5.5%	11	before history	0.49%
ACN	Accenture plc Technology	NEW	8,476	NEW	$1,054,753	NEW	1	$173.61	0.45%
RIO	Rio Tinto PLC Basic Materials	Held	10,952	0	$1,039,673	+1.8%	11	before history	0.44%
		Reduced	5,280	-1,395	$1,004,203	−10.9%	11	before history	0.43%
NVO	Novo Nordisk A S Healthcare	Added	20,166	+2,318	$966,758	+47.4%	9	$108.11	0.41%
PFE	Pfizer Inc Healthcare	Added	36,369	+25,252	$875,765	+180.5%	11	before history	0.37%
BP	Bp PLC Energy	Held	22,979	0	$849,074	−21.4%	11	before history	0.36%
DVYE	iShares Trust	Held	20,740	0	$668,450	—	11	before history	0.29%
TT	Trane Technologies plc Industrials	Held	1,095	0	$537,820	+17.9%	11	before history	0.23%
SHV	iShares 0-1 Year Treasury Bond ETF	Held	4,200	0	$463,470	−0.0%	11	before history	0.20%
WFC	Wells Fargo & Company Financial Services	Held	5,070	0	$418,984	+3.8%	11	before history	0.18%
INTC	Intel Corp Technology	Reduced	1,805	-2,135	$252,032	+45.0%	11	before history	0.11%
UNP	Union Pacific Corp Industrials	Added	751	+3	$204,272	+12.6%	7	$234.92	0.09%
USXF	iShares ESG Advanced MSCI USA ETF	Held	2,405	0	$167,027	+25.8%	11	before history	0.07%
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	Reduced	820	-150	$126,517	−10.5%	11	before history	0.05%
EMXF	iShares ESG Advanced MSCI EM ETF	Held	2,159	0	$125,103	+21.1%	11	before history	0.05%

Showing the top 50 of 100 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.