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G&S Capital LLC — 13F Holdings & Portfolio

CIK 1731448 · latest 13F-HR filed 2026-07-10

Backtest portfolio

G&S Capital LLC manages $345.2M in 13F-reported U.S. long-equity assets across 156 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (5.83%), BIL (3.95%), VTV (3.87%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 26 new positions and exited 7; 79 existing positions rose in reported value and 27 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.

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AUM
$345.2M

Long-equity book

Holdings
156

Distinct positions

Period
2026-06-30

Filed 2026-07-10

Q/Q Activity
+26 / −7 / ↑79 / ↓27

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
SPY5.8% · +2%BIL4.0% · +33%VTV3.9% · +0%SPTM3.7% · -1%QQQ3.1% · +0%IJR2.2% · -1%MDY2.2% · +1%FTSM1.7% · +342%MSFT1.7% · +121%AAPL1.6% · -6%NVDA1.4% · -6%SPLV1.4% · +4%RDVI1.4% · +2%CVX1.4% · +2%IVW1.4% · newSPDW1.4% · +3%CAT1.3% · -3%FEOE1.3% · +2%ABBV1.3% · +1%CGXU1.3% · +1%SDVD1.2% · +4%SPMD1.2% · -1%JIVE1.2% · +2%SPSM1.2% · -1%CGUS1.2% · -18%GSST1.1% · +2%C1.1% · -2%MU1.1% · -56%USFR1.1% · +815%JPM1.0% · +1%IVE1.0% · newGEV1.0% · newRSPN1.0% · +3%AMAT1.0% · +400%ETR1.0% · -0%KEYS1.0% · newPKG0.9% · +132%DGX0.9% · -1%TSM0.9% · -1%TT0.9% · 0%AMLP0.9% · -22%WMB0.9% · -1%PEP0.8% · newRTX0.8% · +0%SCHF0.8% · newWM0.8% · -1%WMT0.8% · -1%AFL0.8% · -1%DELL0.8% · -72%NDAQ0.8% · -0%ACWI0.7% · +9%CSCO0.7% · -3%SETM0.7% · +1%BINC0.7% · newGBIL0.6% · +10%SPAB0.6% · +76%CAH0.6% · -1%CIEN0.6% · +0%PG0.6% · -57%PHYS0.6% · +4%

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

Q1 26 → Q2 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

3 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 = 29.8%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated May 1, 2026.

Assets Under Management
$475.6M
Discretionary
$463.1M
Employees
9
Accounts
1,265
Address
7887 E. BELLEVIEW AVE.
SUITE 1225
DENVER, CO 80111
Phone
(303) 773-8000
Website
Name Title / Status Ownership Type
SOUCIE, JUSTIN, LLOYD ControlMANAGER, CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER, CHIEF COMPLIANCE OFFICER
since Mar 2005
75% or moreIndividual
Ownership & leadership changes · 5 filings with changes since May 19, 2014

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jun 3, 2024 filing
  • No longer listedNICHOLLS, BRYAN, HUGHES · CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jan 2019
  • ChangedSOUCIE, JUSTIN, LLOYD · title MANAGER, CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER → MANAGER, CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER, CHIEF COMPLIANCE OFFICER
Jan 23, 2019 filing
  • No longer listedGROAT, DAVID, P · CHIEF COMPLIANCE OFFICER/MANAGER · 50–75% · control person · listed since Mar 2005
  • AddedNICHOLLS, BRYAN, HUGHES · CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER · Less than 5% · control person
  • ChangedSOUCIE, JUSTIN, LLOYD · title MANAGER → MANAGER, CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER; ownership 50–75% → 75% or more
Mar 9, 2018 filing
  • No longer listedARNOLD, JEFFREY, SCOTT · FINANCIAL CONSULTANT · 5–10% · listed since Apr 2014
  • ChangedGROAT, DAVID, P · ownership 25–50% → 50–75%
  • ChangedSOUCIE, JUSTIN, LLOYD · ownership 25–50% → 50–75%
Nov 18, 2014 filing
  • ChangedGROAT, DAVID, P · ownership 50–75% → 25–50%
  • ChangedSOUCIE, JUSTIN, LLOYD · ownership 50–75% → 25–50%
Nov 17, 2014 filing
  • AddedARNOLD, JEFFREY, SCOTT · FINANCIAL CONSULTANT · 5–10%
May 19, 2014 filing (earliest on record)
  • ListedGROAT, DAVID, P · CHIEF COMPLIANCE OFFICER/MANAGER · 50–75% · control person
  • ListedSOUCIE, JUSTIN, LLOYD · MANAGER · 50–75% · control person

Quarter-over-quarter changes

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

G&S Capital LLC Holdings (2026-06-30)

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 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $20.1M 5.83% 26,940 SH
2 SPDR SERIES TRUST BIL 78468R663 $13.6M 3.95% 148,721 SH
3 VANGUARD INDEX FDS VTV 922908744 $13.3M 3.87% 61,252 SH
4 SPDR SERIES TRUST SPTM 78464A805 $12.6M 3.65% 138,684 SH
5 INVESCO QQQ TR QQQ 46090E103 $10.8M 3.13% 14,671 SH
6 ISHARES TR IJR 464287804 $7.6M 2.20% 51,198 SH
7 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $7.5M 2.18% 10,704 SH
8 FIRST TR EXCHANGE-TRADED FD FTSM 33739Q408 $5.8M 1.69% 97,797 SH
9 MICROSOFT CORP MSFT 594918104 $5.7M 1.66% 15,319 SH
10 APPLE INC AAPL 037833100 $5.4M 1.56% 18,601 SH
11 NVIDIA CORPORATION NVDA 67066G104 $4.8M 1.40% 24,079 SH
12 INVESCO EXCH TRADED FD TR II SPLV 46138E354 $4.8M 1.38% 63,792 SH
13 FIRST TR EXCHANGE-TRADED FD RDVI 33738D879 $4.7M 1.37% 160,757 SH
14 CHEVRON CORPORATION CVX 166764100 $4.7M 1.37% 28,498 SH
15 ISHARES TR IVW 464287309 $4.7M 1.35% 33,959 SH
16 SPDR INDEX SHS FDS SPDW 78463X889 $4.7M 1.35% 92,587 SH
17 CATERPILLAR INC CAT 149123101 $4.6M 1.34% 4,359 SH
18 RBB FUND TRUST FEOE 75526L878 $4.6M 1.34% 86,680 SH
19 ABBVIE INC ABBV 00287Y109 $4.6M 1.34% 18,392 SH
20 CAPITAL GROUP INTL FOCUS EQT CGXU 14019W109 $4.6M 1.33% 132,834 SH
21 FIRST TR EXCHANGE-TRADED FD SDVD 33738D820 $4.3M 1.25% 186,523 SH
22 SPDR SERIES TRUST SPMD 78464A847 $4.3M 1.23% 62,931 SH
23 J P MORGAN EXCHANGE TRADED F JIVE 46654Q757 $4.1M 1.20% 45,007 SH
24 SPDR SERIES TRUST SPSM 78468R853 $4.1M 1.20% 71,610 SH
25 CAPITAL GROUP CORE EQUITY ET CGUS 14020V108 $4.0M 1.16% 89,763 SH
26 GOLDMAN SACHS ETF TR GSST 381430230 $3.8M 1.11% 75,562 SH
27 CITIGROUP INC C 172967424 $3.7M 1.08% 26,711 SH
28 MICRON TECHNOLOGY INC MU 595112103 $3.7M 1.08% 3,234 SH
29 WISDOMTREE TR USFR 97717Y527 $3.7M 1.08% 73,729 SH
30 JPMORGAN CHASE & CO JPM 46625H100 $3.6M 1.05% 11,024 SH
31 ISHARES TR IVE 464287408 $3.6M 1.04% 15,864 SH
32 GE VERNOVA INC GEV 36828A101 $3.6M 1.03% 3,038 SH
33 INVESCO EXCHANGE TRADED FD T RSPN 46137V324 $3.5M 1.01% 54,724 SH
34 APPLIED MATLS INC AMAT 038222105 $3.5M 1.00% 4,785 SH
35 ENTERGY CORP NEW ETR 29364G103 $3.3M 0.96% 28,872 SH
36 KEYSIGHT TECHNOLOGIES INC KEYS 49338L103 $3.3M 0.95% 9,358 SH
37 PACKAGING CORP AMER PKG 695156109 $3.2M 0.93% 13,439 SH
38 QUEST DIAGNOSTICS INC DGX 74834L100 $3.2M 0.93% 15,108 SH
39 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $3.0M 0.88% 6,353 SH
40 TRANE TECHNOLOGIES PLC TT G8994E103 $3.0M 0.87% 6,087 SH
41 ALPS ETF TR AMLP 00162Q452 $2.9M 0.85% 56,796 SH
42 WILLIAMS COS INC WMB 969457100 $2.9M 0.85% 39,463 SH
43 PEPSICO INC PEP 713448108 $2.9M 0.85% 21,562 SH
44 RTX CORPORATION RTX 75513E101 $2.9M 0.84% 15,244 SH
45 SCHWAB STRATEGIC TR SCHF 808524805 $2.9M 0.83% 103,144 SH
46 WASTE MGMT INC DEL WM 94106L109 $2.8M 0.81% 12,614 SH
47 WALMART INC WMT 931142103 $2.8M 0.81% 24,733 SH
48 AFLAC INC AFL 001055102 $2.8M 0.81% 23,808 SH
49 DELL TECHNOLOGIES INC DELL 24703L202 $2.7M 0.79% 6,355 SH
50 NASDAQ INC NDAQ 631103108 $2.6M 0.75% 33,039 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-10 $345.2M 156 0001731448-26-000003
2026-03-31 2026-04-07 $284.6M 133 0001731448-26-000002
2025-12-31 2026-01-28 $283.0M 132 0001731448-26-000001
Filer Information
Address
7887 E. BELLEVIEW AVE.
SUITE 1225
DENVER, CO 80111
Phone
(303) 773-8000
Filing Manager
G&S Capital LLC
DENVER, CO
Signatory
Justin Soucie
Chief Compliance Officer