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Inscription Capital, LLC — 13F Holdings & Portfolio

CIK 1767868 · latest 13F-HR filed 2026-08-13

Backtest portfolio

Inscription Capital, LLC manages $1.13B in 13F-reported U.S. long-equity assets across 791 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VT (6.45%), SPY (4.42%), AAPL (3.72%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 148 new positions and exited 73; 412 existing positions rose in reported value and 133 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
$1.13B

Long-equity book

Holdings
791

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+148 / −73 / ↑412 / ↓133

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
VT6.5% · -0%SPY4.4% · +0%AAPL3.7% · +11%NVDA3.0% · +22%BIL2.0% · +3%GOOG1.9% · +6%GSLC1.9% · +3%MSFT1.5% · +4%AMZN1.5% · +17%GOOGL1.4% · +19%PULS1.3% · +13%PAAA1.0% · +30%CVX1.0% · +4%WMT1.0% · +5%EPD1.0% · 0%TSLA0.9% · +19%BND0.9% · -6%PFGC0.9% · +10%PG0.8% · +2%GS0.8% · +4%VTI0.8% · +0%DELL0.8% · +6%CPAI0.7% · +54%XOM0.7% · +10%JNJ0.7% · +10%NKE0.6% · -0%IGOV0.6% · -6%IAU0.6% · +0%UNP0.6% · +2%QUAL0.6% · 0%APH0.6% · +4%QTUM0.5% · +17%RTX0.5% · +10%QQQ0.5% · +24%AVGO0.5% · +53%CSCO0.5% · +13%ABBV0.5% · +14%GSST0.5% · -38%LLY0.4% · +50%V0.4% · +18%GLD0.4% · +16%JPM0.4% · +20%LRCX0.4% · -4%HD0.4% · +0%IYW0.4% · +3%MU0.4% · +47%BRK.B0.4% · -4%CL0.4% · +2%PANW0.4% · +2%AROC0.4% · +1%NFLX0.3% · +17%KLAC0.3% · +901%META0.3% · +3%C0.3% · +5%PLTR0.3% · +13%AIRR0.3% · +58%MRK0.3% · +9%VEA0.3% · -4%GSG0.3% · -13%AMAT0.3% · +13%

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 = 27.8%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$2.05B
Discretionary
$1.94B
Employees
20
Accounts
1,504
Address
2925 RICHMOND AVENUE
SUITE 425
HOUSTON, TX 77098
Phone
(713) 673-8999
Website
Name Title / Status Ownership Type
BOVA, BRIAN, JAMES ControlCEO/PRINCIPAL
since Apr 2018
Less than 5%Individual
EUSTIS JR., DAVID, L ControlPRINCIPAL
since Apr 2018
Less than 5%Individual
INSCRIPTION CAPITAL HOLDINGS, LLC ControlOWNER
since Dec 2017
75% or moreDomestic Entity
OSTER, MARC, PAUL ControlPRINCIPAL
since Apr 2018
Less than 5%Individual
Kotzen, Sheryl, SiemenCHIEF COMPLIANCE OFFICER
since Feb 2024
Less than 5%Individual
MERCHANT WEALTH MANAGEMENT HOLDINGS, LLCMEMBER
since Apr 2018
10–25%Domestic Entity
BOVA, BRIAN, JAMES Control
Indirect owner via INSCRIPTION CAPITAL HOLDINGS, LLC
OWNER
since Apr 2018
25–50%Individual
EUSTIS JR., DAVID, L Control
Indirect owner via INSCRIPTION CAPITAL HOLDINGS, LLC
OWNER
since Apr 2018
25–50%Individual
OSTER, MARC, PAUL Control
Indirect owner via INSCRIPTION CAPITAL HOLDINGS, LLC
OWNER
since Apr 2018
25–50%Individual
Ownership & leadership changes · 8 filings with changes since Jan 29, 2018

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.

Mar 27, 2024 filing
  • No longer listedARCE, JOSEPH, PHILLIP · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jul 2023
  • AddedKotzen, Sheryl, Siemen · CHIEF COMPLIANCE OFFICER · Less than 5%
Oct 27, 2023 filing
  • AddedARCE, JOSEPH, PHILLIP · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedBOVA, BRIAN, JAMES · title CCO/PRINCIPAL → CEO/PRINCIPAL
Mar 31, 2023 filing
  • No longer listedAMACZI, ANNA, AGNES · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Nov 2022
  • AddedMERCHANT WEALTH MANAGEMENT HOLDINGS, LLC · MEMBER · 10–25%
  • ChangedBOVA, BRIAN, JAMES · title PRINCIPAL → CCO/PRINCIPAL
Nov 10, 2022 filing
  • AddedEUSTIS JR., DAVID, L · PRINCIPAL · Less than 5% · control person
  • AddedOSTER, MARC, PAUL · PRINCIPAL · Less than 5% · control person
  • Listed againBOVA, BRIAN, JAMES · PRINCIPAL · Less than 5% · control person
Nov 2, 2022 filing
  • No longer listedBOVA, BRIAN, JAMES · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2022
  • AddedAMACZI, ANNA, AGNES · CHIEF COMPLIANCE OFFICER · Less than 5%
Jun 30, 2022 filing
  • No longer listedFLATOW, MARK, ROBERT · CHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Feb 2020
  • AddedBOVA, BRIAN, JAMES · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 2, 2020 filing
  • No longer listedROPPOLO, OLIVIA, SALAS · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2018
  • AddedFLATOW, MARK, ROBERT · CHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER · Less than 5% · control person
Apr 6, 2018 filing
  • No longer listedKENNEDY, PETER, ANTHONY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Dec 2017
  • No longer listedKENNEDY, PETER, ANTHONY · OWNER · 75% or more · indirect via INSCRIPTION CAPITAL HOLDINGS, LLC · control person · listed since Dec 2017
  • AddedBOVA, BRIAN, JAMES · OWNER · 25–50% · indirect via INSCRIPTION CAPITAL HOLDINGS, LLC · control person
  • AddedEUSTIS JR., DAVID, L · OWNER · 25–50% · indirect via INSCRIPTION CAPITAL HOLDINGS, LLC · control person
  • AddedOSTER, MARC, PAUL · OWNER · 25–50% · indirect via INSCRIPTION CAPITAL HOLDINGS, LLC · control person
  • AddedROPPOLO, OLIVIA, SALAS · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jan 29, 2018 filing (earliest on record)
  • ListedINSCRIPTION CAPITAL HOLDINGS, LLC · OWNER · 75% or more · control person
  • ListedKENNEDY, PETER, ANTHONY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedKENNEDY, PETER, ANTHONY · OWNER · 75% or more · indirect via INSCRIPTION CAPITAL HOLDINGS, LLC · 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.

Inscription 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 VANGUARD INTL EQUITY INDEX F VT 922042742 $72.8M 6.45% 463,586 SH
2 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $49.9M 4.42% 66,785 SH
3 APPLE INC AAPL 037833100 $41.9M 3.72% 144,917 SH
4 NVIDIA CORPORATION NVDA 67066G104 $33.3M 2.95% 166,513 SH
5 SPDR SERIES TRUST BIL 78468R663 $23.1M 2.04% 251,603 SH
6 ALPHABET INC GOOG 02079K107 $21.4M 1.90% 60,531 SH
7 GOLDMAN SACHS ETF TR GSLC 381430503 $21.0M 1.86% 147,874 SH
8 MICROSOFT CORP MSFT 594918104 $17.2M 1.52% 46,070 SH
9 AMAZON COM INC AMZN 023135106 $16.8M 1.49% 70,692 SH
10 ALPHABET INC GOOGL 02079K305 $16.0M 1.42% 44,885 SH
11 PGIM ETF TR PULS 69344A107 $14.8M 1.31% 299,090 SH
12 PGIM ETF TR PAAA 69344A834 $11.7M 1.04% 229,013 SH
13 CHEVRON CORPORATION CVX 166764100 $11.3M 1.00% 68,326 SH
14 WALMART INC WMT 931142103 $11.0M 0.97% 96,807 SH
15 ENTERPRISE PRODS PARTNERS L EPD 293792107 $10.9M 0.97% 297,266 SH
16 TESLA INC TSLA 88160R101 $10.7M 0.95% 25,484 SH
17 VANGUARD BD INDEX FDS BND 921937835 $9.9M 0.87% 134,409 SH
18 PERFORMANCE FOOD GROUP CO PFGC 71377A103 $9.6M 0.85% 85,936 SH
19 PROCTER & GAMBLE CO PG 742718109 $9.3M 0.83% 63,595 SH
20 GOLDMAN SACHS GROUP INC GS 38141G104 $9.3M 0.82% 9,191 SH
21 VANGUARD INDEX FDS VTI 922908769 $9.0M 0.80% 24,408 SH
22 DELL TECHNOLOGIES INC DELL 24703L202 $8.5M 0.75% 19,674 SH
23 NORTHERN LTS FD TR III CPAI 66538R540 $8.0M 0.71% 153,462 SH
24 EXXON MOBIL CORP XOM 30231G102 $7.8M 0.69% 56,815 SH
25 JOHNSON & JOHNSON JNJ 478160104 $7.6M 0.67% 29,836 SH
26 NIKE INC NKE 654106103 $6.9M 0.61% 167,017 SH
27 ISHARES TR IGOV 464288117 $6.7M 0.59% 162,506 SH
28 ISHARES GOLD TR IAU 464285204 $6.5M 0.58% 86,239 SH
29 UNION PAC CORP UNP 907818108 $6.5M 0.58% 23,872 SH
30 ISHARES TR QUAL 46432F339 $6.4M 0.57% 29,300 SH
31 AMPHENOL CORP APH 032095101 $6.3M 0.56% 35,712 SH
32 ETF SER SOLUTIONS QTUM 26922A420 $6.2M 0.55% 37,221 SH
33 RTX CORPORATION RTX 75513E101 $5.8M 0.51% 30,483 SH
34 INVESCO QQQ TR QQQ 46090E103 $5.6M 0.50% 7,648 SH
35 BROADCOM INC AVGO 11135F101 $5.4M 0.48% 14,340 SH
36 CISCO SYS INC CSCO 17275R102 $5.3M 0.47% 45,066 SH
37 ABBVIE INC ABBV 00287Y109 $5.1M 0.45% 20,373 SH
38 GOLDMAN SACHS ETF TR GSST 381430230 $5.1M 0.45% 101,212 SH
39 ELI LILLY & CO LLY 532457108 $5.0M 0.44% 4,139 SH
40 VISA INC V 92826C839 $4.9M 0.44% 14,410 SH
41 SPDR GOLD TR GLD 78463V107 $4.9M 0.43% 13,316 SH
42 JPMORGAN CHASE & CO JPM 46625H100 $4.9M 0.43% 14,985 SH
43 LAM RESEARCH CORP LRCX 512807306 $4.8M 0.42% 10,969 SH
44 HOME DEPOT INC HD 437076102 $4.7M 0.42% 13,337 SH
45 ISHARES TR IYW 464287721 $4.7M 0.42% 18,570 SH
46 MICRON TECHNOLOGY INC MU 595112103 $4.6M 0.41% 3,963 SH
47 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $4.5M 0.40% 8,987 SH
48 COLGATE PALMOLIVE CO CL 194162103 $4.5M 0.40% 48,850 SH
49 PALO ALTO NETWORKS INC PANW 697435105 $4.3M 0.38% 12,536 SH
50 ARCHROCK INC AROC 03957W106 $4.0M 0.36% 99,467 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $1.13B 791 0001767868-26-000003
2026-03-31 2026-04-20 $951.1M 715 0001767868-26-000002
2025-12-31 2026-01-29 $973.9M 682 0001767868-26-000001
Filer Information
Address
2925 RICHMOND AVENUE
SUITE 425
HOUSTON, TX 77098
Phone
(713) 673-8999
Filing Manager
Inscription Capital, LLC
HOUSTON, TX
Signatory
Blake Hylton
Senior Consultant