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Refined Wealth Management — 13F Holdings & Portfolio

CIK 1724729 · latest 13F-HR filed 2026-10-13

Backtest portfolio

Refined Wealth Management manages $178.6M in 13F-reported U.S. long-equity assets across 48 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are VEA (11.94%), QQQ (10.07%), RSP (8.47%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 1 new position and exited 2; 17 existing positions rose in reported value and 15 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$178.6M

Long-equity book

Holdings
48

Distinct positions

Period
2026-09-30

Filed 2026-10-13

Q/Q Activity
+1 / −2 / ↑17 / ↓15

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
VEA11.9% · +8%QQQ10.1% · +6%RSP8.5% · +10%BITB6.5% · +2%COIN6.1% · -1%MPC5.4% · +1%CVX5.1% · -1%PYLD4.9% · +8%VTV4.7% · +6%BINC4.7% · +9%EMXC4.6% · +6%GLD3.7% · +2%JPIB3.3% · +7%SCHR3.2% · +5%PICK2.7% · +2%AVUV1.5% · +6%XRP1.5% · +4%REMX1.4% · +4%XMMO1.4% · +7%ENVX1.4% · +1%BBBY0.7% · +2%VOO0.7% · +11%NVDA0.6% · +0%AAPL0.5% · -10%FTSM0.5% · 0%NULG0.4% · -6%AMZN0.4% · 0%UNP0.4% · +0%VSGX0.3% · -9%BNDX0.3% · -4%SRLN0.3% · -1%MSFT0.3% · 0%META0.2% · 0%XMAG0.2% · 0%BRK.B0.2% · 0%VO0.2% · -3%VB0.1% · +2%GLDM0.1% · 0%BIV0.1% · newTLT0.1% · -2%VCLT0.1% · -2%TSLA0.1% · +0%AVGO0.1% · 0%ETN0.1% · -18%XRPI0.1% · 0%NXE0.1% · 0%DNN0.0% · 0%URG0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 67.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated May 19, 2026.

Assets Under Management
$210.9M
Discretionary
$186.7M
Employees
5
Accounts
910
Address
515 SOUTH 1000 EAST
SUITE L2
SALT LAKE CITY, UT 84102
Phone
(385) 351-0200
Website
Name Title / Status Ownership Type
LARSEN, RYAN, ROBERT ControlCHIEF COMPLIANCE OFFICER
since Oct 2013
75% or moreIndividual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 17 →

Top Trims

Show all 15 →

New Positions

Show all 1 →

Exited Positions

Show all 2 →

Refined Wealth Management Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD TAX-MANAGED FDS VEA 921943858 $21.3M 11.94% 302,006 SH
2 INVESCO QQQ TR QQQ 46090E103 $18.0M 10.07% 24,323 SH
3 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $15.1M 8.47% 72,717 SH
4 BITWISE BITCOIN ETF TR BITB 09174C104 $11.6M 6.50% 255,819 SH
5 COINBASE GLOBAL INC COIN 19260Q107 $10.9M 6.09% 58,350 SH
6 MARATHON PETE CORP MPC 56585A102 $9.7M 5.41% 24,415 SH
7 CHEVRON CORPORATION CVX 166764100 $9.1M 5.08% 44,458 SH
8 PIMCO ETF TR PYLD 72201R585 $8.7M 4.89% 344,114 SH
9 VANGUARD INDEX FDS VTV 922908744 $8.4M 4.71% 38,919 SH
10 BLACKROCK ETF TRUST II BINC 092528603 $8.3M 4.67% 164,168 SH
11 ISHARES INC EMXC 46434G764 $8.2M 4.57% 82,469 SH
12 SPDR GOLD TR GLD 78463V107 $6.7M 3.75% 17,573 SH
13 J P MORGAN EXCHANGE TRADED F JPIB 46641Q852 $5.9M 3.33% 127,365 SH
14 SCHWAB STRATEGIC TR SCHR 808524854 $5.8M 3.25% 244,580 SH
15 ISHARES INC PICK 46434G848 $4.9M 2.72% 80,949 SH
16 AMERICAN CENTY ETF TR AVUV 025072877 $2.7M 1.53% 23,237 SH
17 BITWISE XRP ETF XRP 09174F107 $2.7M 1.50% 160,705 SH
18 VANECK ETF TRUST REMX 92189H805 $2.6M 1.44% 40,000 SH
19 INVESCO EXCHANGE TRADED FD T XMMO 46137V464 $2.6M 1.44% 17,514 SH
20 ENOVIX CORPORATION ENVX 293594107 $2.5M 1.38% 850,768 SH
21 NEIGHBORHOOD INTELLIGENCE IN BBBY 690370101 $1.3M 0.71% 431,751 SH
22 VANGUARD INDEX FDS VOO 922908363 $1.2M 0.66% 1,677 SH
23 NVIDIA CORPORATION NVDA 67066G104 $1.1M 0.62% 4,847 SH
24 APPLE INC AAPL 037833100 $868.8K 0.49% 2,609 SH
25 FIRST TR EXCHANGE-TRADED FD FTSM 33739Q408 $845.6K 0.47% 14,209 SH
26 NUSHARES ETF TR NULG 67092P201 $785.4K 0.44% 6,908 SH
27 AMAZON COM INC AMZN 023135106 $727.0K 0.41% 2,918 SH
28 UNION PAC CORP UNP 907818108 $679.3K 0.38% 2,496 SH
29 VANGUARD WORLD FD VSGX 921910725 $620.8K 0.35% 7,657 SH
30 VANGUARD CHARLOTTE FDS BNDX 92203J407 $468.0K 0.26% 9,986 SH
31 SSGA ACTIVE ETF TR SRLN 78467V608 $455.9K 0.26% 11,289 SH
32 MICROSOFT CORP MSFT 594918104 $448.8K 0.25% 875 SH
33 META PLATFORMS INC META 30303M102 $416.3K 0.23% 574 SH
34 TIDAL TRUST II XMAG 88636R743 $366.2K 0.21% 14,433 SH
35 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $347.6K 0.19% 698 SH
36 VANGUARD INDEX FDS VO 922908629 $321.8K 0.18% 4,103 SH
37 VANGUARD INDEX FDS VB 922908751 $261.2K 0.15% 918 SH
38 WORLD GOLD TR GLDM 98149E303 $252.5K 0.14% 3,072 SH
39 VANGUARD BD INDEX FDS BIV 921937819 $248.7K 0.14% 3,414 SH
40 ISHARES TR TLT 464287432 $225.7K 0.13% 2,902 SH
41 VANGUARD SCOTTSDALE FDS VCLT 92206C813 $225.7K 0.13% 3,295 SH
42 TESLA INC TSLA 88160R101 $216.1K 0.12% 609 SH
43 BROADCOM INC AVGO 11135F101 $204.0K 0.11% 581 SH
44 EATON CORP PLC ETN G29183103 $202.8K 0.11% 472 SH
45 VOLATILITY SHS TR XRPI 92864M780 $100.4K 0.06% 12,493 SH
46 NEXGEN ENERGY LTD NXE 65340P106 $100.3K 0.06% 11,000 SH
47 DENISON MINES CORP DNN 248356107 $28.1K 0.02% 10,850 SH
48 UR-ENERGY INC URG 91688R108 $11.7K 0.01% 10,800 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-13 $178.6M 48 0001724729-26-000006
2026-06-30 2026-07-21 $165.7M 49 0001724729-26-000005
2026-03-31 2026-04-21 $158.4M 50 0001724729-26-000003
2025-12-31 2026-01-15 $148.6M 43 0001724729-26-000001
Filer Information
Address
515 SOUTH 1000 E SUITE L-2
SALT LAKE CITY, UT 84102
Phone
(385) 351-0200
Filing Manager
Refined Wealth Management
SALT LAKE CITY, UT
Signatory
Ryan Larsen
Owner