Appalachian Capital Management Ltd

Registered adviser

CIK

2111450

Location

ST CLAIRSVILLE, OH

Portfolio Value

Small $127,487,453

Diversification

Highly concentrated

Filing Date

Global Rank

#7,550 / 8,807 ▼ 476 · as of Jun 2026

Top Industry

Semiconductors 14.2%

Period ended 20 days ago

Filed Oct 14, 2026 · 6d

4 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, Oct 1, 2026

Form ADV adviser

CRD 120038

Roster of Oct 1, 2026

Regulatory AUM

$175,316,177

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
Mar 2026 to Oct 2026	$175,316,177	Individuals and high net worth (97%)
Mar 2025 to Feb 2026	$147,630,117	Individuals and high net worth (99%)
Jun 2024 to Feb 2025	$132,350,002	Individuals and high net worth (98%)

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 89.9% of the book (60%+)

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 92.1%; sector active share 75.7% 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

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

Top Position

45.1%

+3.9 pts

Top 5

84.0%

+3.6 pts

Top 10

90.0%

+0.2 pts

HHI

2,517

Highly concentrated+360

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	91.0%	$116,007,271	25
Technology	2.4%	$3,093,359	5
Energy	1.9%	$2,432,312	5
Consumer Cyclical	1.3%	$1,683,540	2
Industrials	1.2%	$1,509,628	2
Communication Services	1.0%	$1,235,627	3
Financial Services	0.6%	$805,798	4
Healthcare	0.6%	$719,918	2

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
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	+9,951	350,100	$9,550,728
SPTL	State Street(R) SPDR(R) Portfolio Long Term Treasury ETF	+8,160	360,162	$8,589,863
UCON	First Trust Smith Unconstrained Bond ETF	+4,937	367,333	$8,722,322
CRWD	CrowdStrike Holdings, Inc.	+2,193	2,924	$774,129
OAKM	Oakmark U.S. Large Cap ETF	+2,034	307,001	$9,013,549
OAKI	Oakmark International Large Cap ETF	+1,659	343,198	$8,806,460
SCHD	Schwab U.S. Dividend Equity ETF	+1,611	321,346	$10,453,385
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	+1,079	34,011	$2,663,401
RDVY	First Trust Rising Dividend Achievers ETF	+403	24,452	$1,914,347
NVDA	Nvidia Corp	+351	3,579	$817,372
SCHZ	Schwab U.S. Aggregate Bond ETF	+184	25,628	$566,378
GOOG	Alphabet Inc.	+150	2,110	$718,961
VTRS	Viatris Inc	+115	16,859	$298,741
GTO	Invesco Total Return Bond ETF	+88	8,150	$363,408
WSBC	Wesbanco Inc	+64	8,332	$311,783
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	+43	11,987	$832,377
SPLV	Invesco S&P 500 Low Volatility ETF	+39	7,657	$539,895
SCHA	Schwab U.S. Small-Cap ETF	+23	7,527	$245,606
UBCP	United Bancorp Inc /Oh/	+15	33,402	$494,015
QQQM	Invesco Ltd.	+5	26,541	$0
XOM	ExxonMobil Holdings Corp	+2	5,747	$935,324
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	+2	2,025	$396,393
MSFT	Microsoft Corp	+2	922	$472,893
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
BITB	Bitwise Bitcoin ETF	−3,645	10,092	$457,773
QLD	ProShares Ultra QQQ	−2,600	3,693	$353,235
SCHB	Schwab U.S. Broad Market ETF	−2,295	1,575,194	$46,168,936
PID	Victory Portfolios II	−1,611	27,913	$0
NFLX	Netflix Inc	−780	4,007	$278,807
BOND	PIMCO Active Bond Exchange-Traded Fund	−304	9,443	$821,446
FVD	First Trust Value Line Dividend Index Fund	−111	12,331	$578,447
XLF	State Street Corp	−91	53,467	$0
BA	Boeing Co	−17	5,851	$1,088,578
QQQ	Invesco Qqq Trust, Series 1	−17	5,666	$4,191,536
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	2,791	$421,050
META	Meta Platforms, Inc.	328	$237,859
BP	Bp PLC	5,000	$219,950
SNDK	Sandisk Corp	122	$212,266
BITO	ProShares Bitcoin ETF	15,579	$174,484
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

48 tracked positions · $127,487,453 total · filing declares 48 positions · $139,416,658 · as of Sep 30, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SCHB	Schwab U.S. Broad Market ETF	Reduced	1,575,194	-2,295	$46,168,936	+1.1%	36.21%
SCHD	Schwab U.S. Dividend Equity ETF	Added	321,346	+1,611	$10,453,385	+3.1%	8.20%
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	Added	350,100	+9,951	$9,550,728	−1.1%	7.49%
OAKM	Oakmark U.S. Large Cap ETF	Added	307,001	+2,034	$9,013,549	+4.9%	7.07%
OAKI	Oakmark International Large Cap ETF	Added	343,198	+1,659	$8,806,460	+0.1%	6.91%
UCON	First Trust Smith Unconstrained Bond ETF	Added	367,333	+4,937	$8,722,322	−3.3%	6.84%
SPTL	State Street(R) SPDR(R) Portfolio Long Term Treasury ETF	Added	360,162	+8,160	$8,589,863	−7.0%	6.74%
QQQ	Invesco Qqq Trust, Series 1	Reduced	5,666	-17	$4,191,536	+0.2%	3.29%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	Added	34,011	+1,079	$2,663,401	−2.1%	2.09%
RDVY	First Trust Rising Dividend Achievers ETF	Added	24,452	+403	$1,914,347	−1.8%	1.50%
BA	Boeing Co Industrials	Reduced	5,851	-17	$1,088,578	−14.3%	0.85%
AMZN	Amazon Com Inc Consumer Cyclical	Held	4,218	0	$1,050,914	+4.5%	0.82%
XOM	ExxonMobil Holdings Corp Energy	Added	5,747	+2	$935,324	+19.1%	0.73%
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	Added	11,987	+43	$832,377	−6.9%	0.65%
BOND	PIMCO Active Bond Exchange-Traded Fund	Reduced	9,443	-304	$821,446	−8.6%	0.64%
NVDA	Nvidia Corp Technology	Added	3,579	+351	$817,372	+26.5%	0.64%
AMD	Advanced Micro Devices Inc Technology	Held	1,335	0	$816,699	+5.3%	0.64%
VLO	Valero Energy Corp/Tx Energy	Held	2,100	0	$813,981	+48.8%	0.64%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	2,924	+2,193	$774,129	+38.8%	0.61%
GOOG	Alphabet Inc. Communication Services	Added	2,110	+150	$718,961	+3.8%	0.56%
TSLA	Tesla, Inc. Consumer Cyclical	Held	1,783	0	$632,626	−15.6%	0.50%
FVD	First Trust Value Line Dividend Index Fund	Reduced	12,331	-111	$578,447	−3.5%	0.45%
SCHZ	Schwab U.S. Aggregate Bond ETF	Added	25,628	+184	$566,378	−3.8%	0.44%
SPLV	Invesco S&P 500 Low Volatility ETF	Added	7,657	+39	$539,895	−5.4%	0.42%
UBCP	United Bancorp Inc /Oh/ Financial Services	Added	33,402	+15	$494,015	−6.8%	0.39%
MSFT	Microsoft Corp Technology	Added	922	+2	$472,893	+37.8%	0.37%
BITB	Bitwise Bitcoin ETF	Reduced	10,092	-3,645	$457,773	+4.6%	0.36%
CVX	Chevron Corp Energy	Held	2,218	0	$452,937	+23.2%	0.36%
LLY	ELI LILLY & Co Healthcare	Held	364	0	$421,177	−3.5%	0.33%
SPCX	Space Exploration Technologies Corp Industrials	NEW	2,791	NEW	$421,050	NEW	0.33%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Added	2,025	+2	$396,393	+2.8%	0.31%
GTO	Invesco Total Return Bond ETF	Added	8,150	+88	$363,408	−3.8%	0.29%
QLD	ProShares Ultra QQQ	Reduced	3,693	-2,600	$353,235	−42.0%	0.28%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Held	672	0	$341,745	−2.6%	0.27%
WSBC	Wesbanco Inc Financial Services	Added	8,332	+64	$311,783	−3.4%	0.24%
VTRS	Viatris Inc Healthcare	Added	16,859	+115	$298,741	+12.4%	0.23%
NFLX	Netflix Inc Communication Services	Reduced	4,007	-780	$278,807	−18.4%	0.22%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Held	1,657	0	$261,557	+0.6%	0.21%
SCHA	Schwab U.S. Small-Cap ETF	Added	7,527	+23	$245,606	−9.4%	0.19%
META	Meta Platforms, Inc. Communication Services	NEW	328	NEW	$237,859	NEW	0.19%
BP	Bp PLC Energy	NEW	5,000	NEW	$219,950	NEW	0.17%
SNDK	Sandisk Corp Technology	NEW	122	NEW	$212,266	NEW	0.17%
BITO	ProShares Bitcoin ETF	NEW	15,579	NEW	$174,484	NEW	0.14%
EONR	EON Resources Inc. Energy	Held	20,000	0	$10,120	+14.5%	0.01%
PID	Victory Portfolios II	Reduced	27,913	-1,611	$0	−100.0%	0.00%
QQQM	Invesco Ltd. Financial Services	Added	26,541	+5	$0	−100.0%	0.00%
XLF	State Street Corp Financial Services	Reduced	53,467	-91	$0	−100.0%	0.00%
SOXX	iShares Semiconductor ETF	Held	689	0	$0	−100.0%	0.00%

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.