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Apeiron RIA LLC — 13F Holdings & Portfolio

CIK 1801846 · latest 13F-HR filed 2026-10-08

Backtest portfolio

Apeiron RIA LLC manages $440.0M in 13F-reported U.S. long-equity assets across 136 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are IVV (14.20%), IUSB (5.58%), DYNF (5.09%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 16 new positions and exited 42; 42 existing positions rose in reported value and 44 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
$440.0M

Long-equity book

Holdings
136

Distinct positions

Period
2026-09-30

Filed 2026-10-08

Q/Q Activity
+16 / −42 / ↑42 / ↓44

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
IVV14.2% · +57%IUSB5.6% · +92%DYNF5.1% · +29%DFIV4.1% · -0%AVUV3.8% · +2%CORO3.7% · +71%AVDV3.0% · +1%SPYM2.6% · +23%IVW2.6% · -3%MUB2.4% · +102%AVES2.3% · +6%BAI2.2% · +16%IVE2.1% · -4%VYM1.9% · -8%JVAL1.9% · -12%IEMG1.8% · -14%BOXX1.5% · -1%IAU1.5% · +13%BLCR1.5% · +59%BINC1.5% · +17%SPTM1.4% · +4%ACWX1.4% · +744%IALT1.4% · +108%VYMI1.4% · -14%DON1.1% · -2%DFLV1.1% · +20%IBIT1.0% · +16%SHLD1.0% · +56%EFV1.0% · -41%JPST0.9% · -2%AVEM0.9% · -23%EFG0.9% · +5%ENDW0.8% · 0%THRO0.8% · -14%GOVT0.7% · +182%AAPL0.7% · -10%DEM0.7% · -1%IEFA0.7% · +87%SIVR0.6% · +0%VUG0.6% · +196%JOET0.6% · +1%VTV0.5% · +328%MSFT0.5% · +47%NVDA0.4% · -14%BXSL0.4% · +114%TDIV0.4% · 0%SVAL0.4% · +84%TLT0.4% · +168%SUB0.4% · +82%EFA0.4% · +6%AMZN0.4% · -10%BND0.4% · +33%QUAL0.4% · -71%AVGO0.4% · +152%VTEB0.3% · +55%VOOV0.3% · -0%HYD0.3% · newMTUM0.3% · -51%VOO0.3% · +36%LMUB0.3% · -14%

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 = 47%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated May 26, 2026.

Assets Under Management
$852.0M
Discretionary
$807.0M
Employees
17
Accounts
2,387
Address
10000 NORTH CENTRAL EXPRESSWAY
SUITE 700
DALLAS, TX 75231
Phone
(972) 421-2068
Website
Name Title / Status Ownership Type
JMARS FINANCIAL, LLC ControlOWNER
since Nov 2020
50–75%Domestic Entity
MARSDEN, JAMES, MICHAEL ControlOWNER & CHIEF COMPLIANCE OFFICER
since Apr 2019
Less than 5%Individual
THE HAMMEL GROUP, INC ControlOWNER
since Nov 2020
50–75%Domestic Entity
HAMMEL, SCOTT, DALE Control
Indirect owner via THE HAMMEL GROUP, INC
MEMBER
since Nov 2020
75% or moreIndividual
MARSDEN, JAMES, MICHAEL Control
Indirect owner via JMARS FINANCIAL, LLC
MEMBER
since Nov 2020
75% or moreIndividual
Ownership & leadership changes · 4 filings with changes since Jul 6, 2017

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.

Dec 15, 2020 filing
  • No longer listedHAMMEL, SCOTT, DALE · OWNER · 50–75% · control person · listed since Jun 2020
  • AddedHAMMEL, SCOTT, DALE · MEMBER · 75% or more · indirect via THE HAMMEL GROUP, INC · control person
  • AddedJMARS FINANCIAL, LLC · OWNER · 50–75% · control person
  • AddedMARSDEN, JAMES, MICHAEL · MEMBER · 75% or more · indirect via JMARS FINANCIAL, LLC · control person
  • AddedTHE HAMMEL GROUP, INC · OWNER · 50–75% · control person
  • ChangedMARSDEN, JAMES, MICHAEL · ownership 50–75% → Less than 5%
Jun 16, 2020 filing
  • No longer listedWALTERS, KYLE, DOUGLAS · MANAGING MEMBER · 75% or more · control person · listed since Feb 2011
  • AddedHAMMEL, SCOTT, DALE · OWNER · 50–75% · control person
  • ChangedMARSDEN, JAMES, MICHAEL · title CHIEF COMPLIANCE OFFICER → OWNER & CHIEF COMPLIANCE OFFICER; ownership Less than 5% → 50–75%
Apr 26, 2019 filing
  • No longer listedVASQUEZ, JAMES, NMN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Aug 2017
  • AddedMARSDEN, JAMES, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Aug 30, 2017 filing
  • AddedVASQUEZ, JAMES, NMN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedWALTERS, KYLE, DOUGLAS · title MANAGING MEMBER/CCO → MANAGING MEMBER
Jul 6, 2017 filing (earliest on record)
  • ListedWALTERS, KYLE, DOUGLAS · MANAGING MEMBER/CCO · 75% or more · 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.

Top Adds (vs prior quarter)

Show all 42 →

Top Trims

Show all 44 →

New Positions

Show all 16 →

Exited Positions

Show all 42 →

Apeiron RIA LLC 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 ISHARES TR IVV 464287200 $62.5M 14.20% 81,443 SH
2 ISHARES TR IUSB 46434V613 $24.5M 5.58% 557,270 SH
3 BLACKROCK ETF TRUST DYNF 09290C103 $22.4M 5.09% 322,483 SH
4 DIMENSIONAL ETF TRUST DFIV 25434V807 $18.0M 4.10% 327,127 SH
5 AMERICAN CENTY ETF TR AVUV 025072877 $16.7M 3.79% 140,180 SH
6 BLACKROCK ETF TRUST CORO 09290C764 $16.2M 3.68% 448,146 SH
7 AMERICAN CENTY ETF TR AVDV 025072802 $13.3M 3.01% 122,734 SH
8 SPDR SERIES TRUST SPYM 78464A854 $11.5M 2.61% 127,546 SH
9 ISHARES TR IVW 464287309 $11.3M 2.56% 79,035 SH
10 ISHARES TR MUB 464288414 $10.5M 2.39% 103,916 SH
11 AMERICAN CENTY ETF TR AVES 025072372 $10.2M 2.32% 157,839 SH
12 BLACKROCK ETF TRUST BAI 09290C780 $9.6M 2.18% 200,863 SH
13 ISHARES TR IVE 464287408 $9.2M 2.09% 40,280 SH
14 VANGUARD WHITEHALL FDS VYM 921946406 $8.4M 1.92% 54,347 SH
15 J P MORGAN EXCHANGE TRADED F JVAL 46641Q753 $8.4M 1.92% 144,456 SH
16 ISHARES INC IEMG 46434G103 $7.8M 1.78% 96,556 SH
17 EA SERIES TRUST BOXX 02072L565 $6.8M 1.55% 57,520 SH
18 ISHARES GOLD TR IAU 464285204 $6.8M 1.54% 86,364 SH
19 BLACKROCK ETF TRUST BLCR 09290C855 $6.7M 1.52% 135,624 SH
20 BLACKROCK ETF TRUST II BINC 092528603 $6.6M 1.51% 131,180 SH
21 SPDR SERIES TRUST SPTM 78464A805 $6.4M 1.44% 68,851 SH
22 ISHARES TR ACWX 464288240 $6.3M 1.44% 84,106 SH
23 BLACKROCK ETF TRUST IALT 09290C665 $6.0M 1.37% 202,574 SH
24 VANGUARD WHITEHALL FDS VYMI 921946794 $6.0M 1.36% 60,125 SH
25 WISDOMTREE TR DON 97717W505 $4.7M 1.07% 86,685 SH
26 DIMENSIONAL ETF TRUST DFLV 25434V666 $4.7M 1.06% 116,042 SH
27 ISHARES BITCOIN TRUST ETF IBIT 46438F101 $4.6M 1.05% 95,945 SH
28 GLOBAL X FDS SHLD 37960A529 $4.4M 1.00% 73,119 SH
29 ISHARES TR EFV 464288877 $4.4M 1.00% 56,354 SH
30 J P MORGAN EXCHANGE TRADED F JPST 46641Q837 $4.0M 0.90% 78,754 SH
31 AMERICAN CENTY ETF TR AVEM 025072604 $3.9M 0.90% 41,959 SH
32 ISHARES TR EFG 464288885 $3.8M 0.87% 32,110 SH
33 EA SERIES TRUST ENDW 02072Q622 $3.7M 0.84% 108,745 SH
34 BLACKROCK ETF TRUST THRO 09290C806 $3.5M 0.79% 79,188 SH
35 ISHARES TR GOVT 46429B267 $3.1M 0.71% 142,924 SH
36 APPLE INC AAPL 037833100 $3.0M 0.68% 9,123 SH
37 WISDOMTREE TR DEM 97717W315 $3.0M 0.68% 54,123 SH
38 ISHARES TR IEFA 46432F842 $2.9M 0.66% 30,059 SH
39 ABRDN SILVER ETF TRUST SIVR 003264108 $2.6M 0.59% 45,076 SH
40 VANGUARD INDEX FDS VUG 922908736 $2.6M 0.59% 28,550 SH
41 VIRTUS ETF TR II JOET 92790A504 $2.4M 0.55% 53,395 SH
42 VANGUARD INDEX FDS VTV 922908744 $2.1M 0.49% 9,881 SH
43 MICROSOFT CORP MSFT 594918104 $2.0M 0.45% 3,866 SH
44 NVIDIA CORPORATION NVDA 67066G104 $2.0M 0.45% 8,551 SH
45 BLACKSTONE SECD LENDING FD BXSL 09261X102 $1.9M 0.44% 81,210 SH
46 FIRST TR EXCHANGE TRADED FD TDIV 33738R118 $1.9M 0.43% 16,607 SH
47 ISHARES TR SVAL 46436E536 $1.9M 0.42% 44,588 SH
48 ISHARES TR TLT 464287432 $1.8M 0.41% 23,396 SH
49 ISHARES TR SUB 464288158 $1.8M 0.41% 17,043 SH
50 ISHARES TR EFA 464287465 $1.7M 0.38% 16,241 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-08 $440.0M 136 0002085853-26-001108
2026-06-30 2026-07-16 $389.8M 162 0002085853-26-000760
2026-03-31 2026-04-27 $431.4M 204 0002085853-26-000511
2025-12-31 2026-02-03 $492.9M 207 0002085853-26-000191
Filer Information
Address
10000 N. CENTRAL EXPRESSWAY
STE. 700
DALLAS, TX 75231
Phone
(972) 421-2676
Filing Manager
Apeiron RIA LLC
Dallas, TX
Signatory
James Marsden
CCO