May Barnhard Investments LLC

Registered adviser

CIK

2052759

Location

BETHESDA, MD

Portfolio Value

Small $179,770,416

Diversification

Highly concentrated

Filing Date

Global Rank

#5,672 / 8,807 ▲ 992 · as of Jun 2026

Top Industry

Consumer Electronics 22.7%

Period ended 20 days ago

Filed Oct 9, 2026 · 11d

12 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, Oct 1, 2026

Form ADV adviser

CRD 170858

Roster of Oct 1, 2026

Regulatory AUM

$316,945,133

Main clients

Individuals and high net worth (95% 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
Feb 2026 to Oct 2026	$316,945,133	Individuals and high net worth (95%)
Apr 2025 to Jan 2026	$300,721,207	Individuals and high net worth (92%)
Apr 2024 to Mar 2025	$295,830,266	Individuals and high net worth (97%)
May 2023 to Mar 2024	$298,000,000	Individuals and high net worth (100%)
Apr 2023	$298,000,000	Individuals and high net worth (100%)
Apr 2022 to Mar 2023	$324,553,113	Individuals and high net worth (100%)

3 earlier changes not shown.

Portfolio style

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

Style

Concentrated

The top 10 positions are 91.1% of the book (60%+)

Turnover

Low turnover

12.4% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 10.2 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 89.3%; sector active share 84.1% 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

87 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

41.0%

+10.9 pts

Top 5

84.9%

+1.5 pts

Top 10

91.7%

+0.7 pts

HHI

2,500

Highly concentrated+617

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	91.6%	$164,621,069	62
Technology	3.5%	$6,366,866	5
Consumer Cyclical	1.4%	$2,590,586	5
Financial Services	1.0%	$1,869,596	5
Healthcare	1.0%	$1,760,968	4
Communication Services	0.9%	$1,586,317	3
Industrials	0.4%	$736,505	2
Consumer Defensive	0.1%	$238,509	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

23 positions

Ticker	Company	Δ Shares	Shares	Value
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	+28,890	68,096	$3,919,605
BCRX	Biocryst Pharmaceuticals Inc	+28,774	58,774	$489,587
VUG	VANGUARD GROWTH INDEX FUND	+4,997	90,081	$8,117,198
IVOO	VANGUARD S&P MID-CAP 400 INDEX FUND	+3,074	31,421	$3,825,820
VTV	VANGUARD VALUE INDEX FUND	+2,838	45,746	$9,884,795
APH	Amphenol Corp /De/	+1,216	2,432	$205,017
VIOO	VANGUARD S&P SMALL-CAP 600 INDEX FUND	+673	19,466	$2,462,838
QQQ	Invesco Qqq Trust, Series 1	+535	12,068	$8,927,544
VV	VANGUARD LARGE-CAP INDEX FUND	+277	28,148	$9,903,873
VOO	VANGUARD 500 INDEX FUND	+230	582	$407,900
TIP	iShares TIPS Bond ETF	+76	4,767	$0
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+49	9,007	$3,370,779
IYE	iShares U.S. Energy ETF	+18	4,237	$0
—		+14	5,578	$0
FNDX	Schwab Fundamental U.S. Large Company ETF	+14	32,637	$1,027,086
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	+9	10,672	$1,563,234
—		+3	2,515	$0
IVE	iShares S&P 500 Value ETF	+3	11,375	$0
—		+2	5,138	$0
IYF	iShares U.S. Financials ETF	+1	6,226	$0
IVV	iShares Core S&P 500 ETF	+1	1,763	$0
VHT	VANGUARD HEALTH CARE INDEX FUND	+1	3,737	$1,181,190
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	+1	23,726	$935,753
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHX	Schwab U.S. Large-Cap ETF	−28,342	492,486	$14,774,580
SCHG	Schwab U.S. Large-Cap Growth ETF	−11,925	321,048	$11,535,254
SCHV	Schwab U.S. Large-Cap Value ETF	−9,329	255,733	$8,518,466
SCHA	Schwab U.S. Small-Cap ETF	−8,857	136,432	$4,451,776
IQLT	iShares MSCI Intl Quality Factor ETF	−7,600	97,003	$0
MDYG	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Growth ETF	−5,966	37,619	$3,932,314
MDYV	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Value ETF	−4,510	55,389	$4,902,480
IJH	iShares Core S&P Mid-Cap ETF	−4,396	69,006	$0
SCHM	Schwab U.S. Mid-Cap ETF	−3,960	111,153	$3,781,425
SCHD	Schwab U.S. Dividend Equity ETF	−3,417	21,295	$692,726
SLYV	State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF	−2,823	38,054	$3,887,216
SLYG	State Street(R) SPDR(R) S & P 600(TM) Small Cap Growth ETF	−2,356	20,729	$2,217,381
IJS	iShares S&P Small-Cap 600 Value ETF	−2,322	64,852	$0
VO	VANGUARD MID-CAP INDEX FUND	−2,024	158,326	$12,415,924
IJR	iShares Core S&P Small-Cap ETF	−1,943	76,779	$0
IJT	iShares S&P Small-Cap 600 Growth ETF	−1,860	26,580	$0
—		−1,808	22,520	$0
—		−1,644	30,607	$0
IWS	iShares Russell Mid-Cap Value ETF	−1,395	34,056	$0
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	−984	8,279	$718,617
SHY	iShares 1-3 Year Treasury Bond ETF	−776	22,436	$0
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	−735	10,106	$0
VB	Vanguard Index Funds	−610	22,269	$6,335,307
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	−587	18,129	$4,188,342
VIG	Vanguard Specialized Funds	−507	4,768	$1,112,422
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
SCHP	Schwab U.S. TIPS ETF	75,588	$1,899,526
IDHQ	Invesco Ltd.	90,510	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
VEA	Vanguard FTSE Developed Markets ETF	4,046	$288,277
AMAT	Applied Materials Inc /De	334	$241,482
BKNG	Booking Holdings Inc.	1,150	$204,976
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

87 tracked positions · $179,770,416 total · filing declares 87 positions · $242,659,497 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Showing 1–50 of 87 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SCHX	Schwab U.S. Large-Cap ETF	Reduced	492,486	-28,342	$14,774,580	−3.6%	8.22%
VO	VANGUARD MID-CAP INDEX FUND	Reduced	158,326	-2,024	$12,415,924	−3.9%	6.91%
SCHG	Schwab U.S. Large-Cap Growth ETF	Reduced	321,048	-11,925	$11,535,254	+2.4%	6.42%
VV	VANGUARD LARGE-CAP INDEX FUND	Added	28,148	+277	$9,903,873	+3.3%	5.51%
VTV	VANGUARD VALUE INDEX FUND	Added	45,746	+2,838	$9,884,795	+5.7%	5.50%
QQQ	Invesco Qqq Trust, Series 1	Added	12,068	+535	$8,927,544	+5.1%	4.97%
SCHV	Schwab U.S. Large-Cap Value ETF	Reduced	255,733	-9,329	$8,518,466	−7.7%	4.74%
VUG	VANGUARD GROWTH INDEX FUND	Added	90,081	+4,997	$8,117,198	+10.8%	4.52%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Reduced	38,386	-311	$7,505,614	−1.8%	4.18%
VB	Vanguard Index Funds	Reduced	22,269	-610	$6,335,307	−8.6%	3.52%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Reduced	17,442	-181	$5,892,430	−8.6%	3.28%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	Reduced	19,753	-300	$5,769,851	−6.1%	3.21%
MDYV	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Value ETF	Reduced	55,389	-4,510	$4,902,480	−13.7%	2.73%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	136,432	-8,857	$4,451,776	−15.2%	2.48%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	18,129	-587	$4,188,342	−7.9%	2.33%
MDYG	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Growth ETF	Reduced	37,619	-5,966	$3,932,314	−19.5%	2.19%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Added	68,096	+28,890	$3,919,605	+71.8%	2.18%
SLYV	State Street(R) SPDR(R) S & P 600(TM) Small Cap Value ETF	Reduced	38,054	-2,823	$3,887,216	−12.8%	2.16%
IVOO	VANGUARD S&P MID-CAP 400 INDEX FUND	Added	31,421	+3,074	$3,825,820	+3.5%	2.13%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	111,153	-3,960	$3,781,425	−10.9%	2.10%
AAPL	Apple Inc. Technology	Reduced	10,312	-336	$3,434,102	+11.5%	1.91%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	9,007	+49	$3,370,779	+1.7%	1.88%
VIOO	VANGUARD S&P SMALL-CAP 600 INDEX FUND	Added	19,466	+673	$2,462,838	−4.7%	1.37%
SLYG	State Street(R) SPDR(R) S & P 600(TM) Small Cap Growth ETF	Reduced	20,729	-2,356	$2,217,381	−19.4%	1.23%
SCHP	Schwab U.S. TIPS ETF	NEW	75,588	NEW	$1,899,526	NEW	1.06%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Added	10,672	+9	$1,563,234	−3.7%	0.87%
TBLL	Invesco Short Term Treasury ETF	Reduced	11,226	-77	$1,185,016	−0.7%	0.66%
VHT	VANGUARD HEALTH CARE INDEX FUND	Added	3,737	+1	$1,181,190	+5.7%	0.66%
VIG	Vanguard Specialized Funds	Reduced	4,768	-507	$1,112,422	−10.9%	0.62%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Held	8,702	0	$1,093,580	+5.1%	0.61%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	4,308	-161	$1,073,338	+0.8%	0.60%
FNDX	Schwab Fundamental U.S. Large Company ETF	Added	32,637	+14	$1,027,086	+1.2%	0.57%
NVDA	Nvidia Corp Technology	Reduced	4,485	-460	$1,024,284	+3.5%	0.57%
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	Added	23,726	+1	$935,753	−13.0%	0.52%
MSFT	Microsoft Corp Technology	Reduced	1,720	-155	$882,188	+26.1%	0.49%
LRCX	Lam Research Corp Technology	Held	2,500	0	$821,275	−24.2%	0.46%
IAU	Ishares Gold Trust	Reduced	9,335	-42	$729,063	+3.0%	0.41%
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	Reduced	8,279	-984	$718,617	−12.4%	0.40%
SCHD	Schwab U.S. Dividend Equity ETF	Reduced	21,295	-3,417	$692,726	−11.6%	0.39%
TSLA	Tesla, Inc. Consumer Cyclical	Held	1,950	0	$691,879	−15.6%	0.38%
META	Meta Platforms, Inc. Communication Services	Reduced	945	-34	$685,295	+24.3%	0.38%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	1,997	-154	$660,667	−6.2%	0.37%
BNY	Bank of New York Mellon Corp Financial Services	Held	4,230	0	$611,784	+0.0%	0.34%
GOOG	Alphabet Inc. Communication Services	Held	1,685	0	$574,146	−3.6%	0.32%
JNJ	Johnson & Johnson Healthcare	Reduced	1,963	-354	$519,684	−11.7%	0.29%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Reduced	5,729	-147	$514,235	−0.4%	0.29%
SPY	Spdr S&P 500 ETF Trust	Reduced	667	-16	$508,674	−0.3%	0.28%
ODFL	Old Dominion Freight Line, Inc. Industrials	Held	2,916	0	$506,917	−19.7%	0.28%
BCRX	Biocryst Pharmaceuticals Inc Healthcare	Added	58,774	+28,774	$489,587	+63.2%	0.27%
LLY	ELI LILLY & Co Healthcare	Reduced	403	-43	$466,303	−12.8%	0.26%

Showing the top 50 of 87 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.