KILNER CAPITAL ADVISORS, LLC

Registered adviser

CIK

2109522

Location

GAITHERSBURG, MD

Portfolio Value

Small $116,218,352

Diversification

Highly concentrated

Filing Date

Global Rank

#8,113 / 8,827 ▼ 57

3Y Alpha vs SPY

-5.8%

Period ended 4 months ago

Filed Jul 13, 2026 · 4mo

3 quarters · since Dec 2025

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 139521

Roster of Nov 1, 2026

Regulatory AUM

$336,667,723

Main clients

Individuals and high net worth (92% 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	$336,667,723	Individuals and high net worth (92%)
Mar 2025 to Mar 2026	$295,715,661	Individuals and high net worth (92%)
Apr 2024 to Feb 2025	$283,066,409	Individuals and high net worth (91%)
May 2023 to Mar 2024	$251,130,325	Individuals and high net worth (91%)
Apr 2023	$251,130,325	Individuals and high net worth (91%)
Apr 2022 to Mar 2023	$269,882,663	Individuals and high net worth (91%)

3 earlier changes not shown.

Portfolio style

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

Style

Unknown

4 stocks, under the 5 needed to band a style

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 3.0 quarters (under 4)

Closest benchmark: every 13F filer's combined book, active share 99.1%; sector active share 87.1% against the combined 13F book's sector weights.

Over time 3 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

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

Top Position

64.0%

+0.1 pts

Top 5

100.0%

0.0 pts

Top 10

100.0%

0.0 pts

HHI

5,289

Highly concentrated+6

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$116,218,352	18

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
DFAC	Dimensional U.S. Core Equity 2 ETF	+12,229	515,346	$22,860,748
DFAI	Dimensional International Core Equity Market ETF	+6,587	104,309	$4,302,746
DFAT	Dimensional U.S. Targeted Value ETF	+1,575	319,755	$22,350,874
DFIV	Dimensional International Value ETF	+1,531	57,155	$3,087,513
SCHO	Schwab Short-Term U.S. Treasury ETF	+391	13,302	$321,110
SCHF	Schwab International Equity ETF	+81	11,781	$326,333
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
AVEM	Avantis Emerging Markets Equity ETF	−4,311	52,001	$5,017,576
DFAU	Dimensional US Core Equity Market ETF	−3,792	6,595	$340,895
AVLV	Avantis U.S. Large Cap Value ETF	−2,980	144,529	$13,182,490
DFAE	Dimensional Emerging Core Equity Market ETF	−2,167	114,286	$4,595,440
AVSC	Avantis U.S. Small Cap Equity ETF	−1,793	194,167	$14,240,207
AVIV	Avantis International Large Cap Value ETF	−997	98,223	$7,604,424
DFUV	Dimensional U.S. Marketwide Value ETF	−803	74,467	$4,096,429
BSVO	EA Bridgeway Omni Small-Cap Value ETF	−548	15,862	$463,011
DISV	Dimensional International Small Cap Value ETF	−424	292,082	$11,721,250
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	−122	21,767	$801,896
SCHB	Schwab U.S. Broad Market ETF	−50	22,286	$645,402
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

18 tracked positions · $116,218,352 total · filing declares 18 positions · $116,714,769 · as of Jun 30, 2026

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	515,346	+12,229	$22,860,748	+16.9%	3	before history	19.67%
DFAT	Dimensional U.S. Targeted Value ETF	Added	319,755	+1,575	$22,350,874	+12.5%	3	before history	19.23%
AVSC	Avantis U.S. Small Cap Equity ETF	Reduced	194,167	-1,793	$14,240,207	+16.6%	3	before history	12.25%
AVLV	Avantis U.S. Large Cap Value ETF	Reduced	144,529	-2,980	$13,182,490	+10.9%	3	before history	11.34%
DISV	Dimensional International Small Cap Value ETF	Reduced	292,082	-424	$11,721,250	+1.6%	3	before history	10.09%
AVIV	Avantis International Large Cap Value ETF	Reduced	98,223	-997	$7,604,424	+2.4%	3	before history	6.54%
AVEM	Avantis Emerging Markets Equity ETF	Reduced	52,001	-4,311	$5,017,576	+10.6%	3	before history	4.32%
DFAE	Dimensional Emerging Core Equity Market ETF	Reduced	114,286	-2,167	$4,595,440	+16.5%	3	before history	3.95%
DFAI	Dimensional International Core Equity Market ETF	Added	104,309	+6,587	$4,302,746	+13.0%	3	before history	3.70%
DFUV	Dimensional U.S. Marketwide Value ETF	Reduced	74,467	-803	$4,096,429	+12.3%	3	before history	3.52%
DFIV	Dimensional International Value ETF	Added	57,155	+1,531	$3,087,513	+5.2%	3	before history	2.66%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Reduced	21,767	-122	$801,896	+7.8%	3	before history	0.69%
SCHB	Schwab U.S. Broad Market ETF	Reduced	22,286	-50	$645,402	+15.1%	3	before history	0.56%
BSVO	EA Bridgeway Omni Small-Cap Value ETF	Reduced	15,862	-548	$463,011	+11.2%	3	before history	0.40%
DFAU	Dimensional US Core Equity Market ETF	Reduced	6,595	-3,792	$340,895	−27.3%	3	before history	0.29%
SCHF	Schwab International Equity ETF	Added	11,781	+81	$326,333	+12.7%	3	before history	0.28%
SCHO	Schwab Short-Term U.S. Treasury ETF	Added	13,302	+391	$321,110	+2.5%	3	before history	0.28%
DFSU	Dimensional US Sustainability Core 1 ETF	Held	5,576	0	$260,008	+13.5%	3	before history	0.22%

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.