Top Institutional Investors

Whitcomb & Hess, Inc. — 13F Holdings & Portfolio

CIK 1813577 · latest 13F-HR filed 2026-10-07

Backtest portfolio

Whitcomb & Hess, Inc. manages $466.9M in 13F-reported U.S. long-equity assets across 65 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SPYV (13.17%), VEA (12.08%), SPYG (9.57%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 3 new positions and exited 4; 15 existing positions rose in reported value and 12 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
$466.9M

Long-equity book

Holdings
65

Distinct positions

Period
2026-09-30

Filed 2026-10-07

Q/Q Activity
+3 / −4 / ↑15 / ↓12

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
SPYV13.2% · +1%VEA12.1% · +1%SPYG9.6% · +1%BOXX7.3% · +6%IJH5.3% · +2%IJR5.2% · +1%VWO4.8% · +2%VMBS4.1% · +3%FLRN3.6% · +2%VGSH3.5% · +2%PGHY3.1% · newGDX3.0% · +3%XLE2.9% · -1%EWP2.8% · -0%LIT2.6% · +1%ECH2.4% · +1%EMLC2.3% · +3%EWM2.3% · +3%EWZ2.3% · +0%SCHF0.7% · -0%IVW0.6% · -1%VGIT0.6% · +6%SHY0.5% · +8%ITOT0.4% · -4%FLBR0.4% · +1%SPSB0.4% · +0%IVE0.4% · +3%HYEM0.3% · +1%AAPL0.3% · -1%SCHE0.2% · 0%MSFT0.2% · +0%AKRE0.2% · -3%SPY0.2% · 0%LQDA0.2% · -13%HYLB0.2% · +3%VTI0.1% · 0%NVT0.1% · 0%LEMB0.1% · +2%VXUS0.1% · 0%VIOO0.1% · -4%ABBV0.1% · -0%BND0.1% · +3%GVAL0.1% · -4%QQQ0.1% · -0%GRC0.1% · 0%IGV0.1% · +9%AIRG0.1% · +10%JPM0.1% · -2%CVX0.1% · +1%PLTR0.1% · newJNJ0.1% · +0%DIA0.1% · 0%MUB0.1% · +7%KO0.1% · 0%MRK0.0% · -20%PM0.0% · 0%PNR0.0% · 0%VUG0.0% · 0%EIDO0.0% · +17%CLF0.0% · 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 = 68.5%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Feb 25, 2026.

Assets Under Management
$490.7M
Discretionary
$433.5M
Employees
31
Accounts
2,800
Address
1020 CLEVELAND AVENUE
ASHLAND, OH 44805
Phone
(419) 289-7007
Website
Name Title / Status Ownership Type
BATES, AARON, LEE ControlPRESIDENT
since Jan 2025
25–50%Individual
CARPENTER, BEAU, JOSEPH ControlCPA
since Jan 2025
5–10%Individual
GILMER, RYAN, TIMOTHY ControlCCO AND CHIEF INVESTMENT OFFICER
since Nov 2019
10–25%Individual
HINKLE, NEIL ControlVICE PRESIDENT
since Jan 2019
10–25%Individual
KEY, ERIC, MILLER ControlTREASURER
since Jan 2010
10–25%Individual
YODER, TERI, DIANE ControlCPA
since Jan 2022
10–25%Individual
Ownership & leadership changes · 11 filings with changes since Mar 6, 2012

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.

May 1, 2025 filing
  • No longer listedHESS, JAMES, HOWARD · MANAGING MEMBER / TRUSTEE · Less than 5% · control person · listed since Feb 1983
Feb 27, 2025 filing
  • AddedCARPENTER, BEAU, JOSEPH · CPA · 5–10% · control person
  • ChangedBATES, AARON, LEE · title SECRETARY → PRESIDENT; ownership 10–25% → 25–50%
  • ChangedHESS, JAMES, HOWARD · title PRESIDENT → MANAGING MEMBER / TRUSTEE; ownership 25–50% → Less than 5%
Feb 29, 2024 filing
  • ChangedYODER, TERI, DIANE · now a control person
Feb 15, 2023 filing
  • No longer listedREYNOLDS, TAMI, LEE · VICE PRESIDENT · 10–25% · control person · listed since Jan 2010
  • ChangedBATES, AARON, LEE · title SECRETARY AND CHIEF COMPLIANCE OFFICER → SECRETARY
  • ChangedGILMER, RYAN, TIMOTHY · title CHIEF INVESTMENT OFFICER → CCO AND CHIEF INVESTMENT OFFICER; ownership 5–10% → 10–25%
  • ChangedYODER, TERI, DIANE · ownership 5–10% → 10–25%
Mar 4, 2022 filing
  • AddedYODER, TERI, DIANE · CPA · 5–10%
Jan 28, 2021 filing
  • ChangedGILMER, RYAN, TIMOTHY · ownership Less than 5% → 5–10%
  • ChangedHINKLE, NEIL · ownership 5–10% → 10–25%
Mar 12, 2020 filing
  • No longer listedHARVEY, WILLIAM, STEPHEN · VICE PRESIDENT · 10–25% · control person · listed since Aug 1986
  • ChangedBATES, AARON, LEE · title SECRETARY, AND CHIEF COMPLIANCE OFFICER → SECRETARY AND CHIEF COMPLIANCE OFFICER
  • ChangedKEY, ERIC, MILLER · ownership 5–10% → 10–25%
Nov 11, 2019 filing
  • AddedGILMER, RYAN, TIMOTHY · CHIEF INVESTMENT OFFICER · Less than 5% · control person
Mar 19, 2019 filing
  • AddedHINKLE, NEIL · VICE PRESIDENT · 5–10% · control person
  • ChangedBATES, AARON, LEE · title VICE PRESIDENT, SECRETARY, AND CHIEF COMPLIANCE OFFICER → SECRETARY, AND CHIEF COMPLIANCE OFFICER
Mar 16, 2018 filing
  • No longer listedTANNER, KIM, ELAINE · SECRETARY · 5–10% · control person · listed since Jan 2010
  • ChangedBATES, AARON, LEE · title VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER → VICE PRESIDENT, SECRETARY, AND CHIEF COMPLIANCE OFFICER
Older changes (2 more filings)
Jan 28, 2014 filing
  • No longer listedKRAMER, ROGER, JOHN · TREASURER · 10–25% · control person · listed since Aug 1987
  • ChangedBATES, AARON, LEE · ownership 5–10% → 10–25%
  • ChangedKEY, ERIC, MILLER · title VICE PRESIDENT → TREASURER
Mar 6, 2012 filing (earliest on record)
  • ListedBATES, AARON, LEE · VICE PRESIDENT AND CHIEF COMPLIANCE OFFICER · 5–10% · control person
  • ListedHARVEY, WILLIAM, STEPHEN · VICE PRESIDENT · 10–25% · control person
  • ListedHESS, JAMES, HOWARD · PRESIDENT · 25–50% · control person
  • ListedKEY, ERIC, MILLER · VICE PRESIDENT · 5–10% · control person
  • ListedKRAMER, ROGER, JOHN · TREASURER · 10–25% · control person
  • ListedREYNOLDS, TAMI, LEE · VICE PRESIDENT · 10–25% · control person
  • ListedTANNER, KIM, ELAINE · SECRETARY · 5–10% · 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 15 →

Top Trims

Show all 12 →

New Positions

Show all 3 →

Exited Positions

Show all 4 →

Whitcomb & Hess, Inc. 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 SPDR SERIES TRUST SPYV 78464A508 $61.5M 13.17% 1,005,556 SH
2 VANGUARD TAX-MANAGED FDS VEA 921943858 $56.4M 12.08% 798,473 SH
3 SPDR SERIES TRUST SPYG 78464A409 $44.7M 9.57% 363,094 SH
4 EA SERIES TRUST BOXX 02072L565 $34.2M 7.33% 288,954 SH
5 ISHARES TR IJH 464287507 $24.7M 5.28% 342,645 SH
6 ISHARES TR IJR 464287804 $24.4M 5.22% 179,191 SH
7 VANGUARD INTL EQUITY INDEX F VWO 922042858 $22.2M 4.76% 374,645 SH
8 VANGUARD SCOTTSDALE FDS VMBS 92206C771 $19.2M 4.11% 432,362 SH
9 SPDR SERIES TRUST FLRN 78468R200 $16.6M 3.55% 537,870 SH
10 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $16.2M 3.47% 281,232 SH
11 INVESCO EXCH TRADED FD TR II PGHY 46138E669 $14.5M 3.10% 758,374 SH
12 VANECK ETF TRUST GDX 92189F106 $14.1M 3.01% 160,171 SH
13 SELECT SECTOR SPDR TR XLE 81369Y506 $13.8M 2.95% 223,875 SH
14 ISHARES INC EWP 464286764 $13.0M 2.79% 219,961 SH
15 GLOBAL X FDS LIT 37954Y855 $12.3M 2.62% 179,106 SH
16 ISHARES INC ECH 464286640 $11.3M 2.42% 298,532 SH
17 VANECK ETF TRUST EMLC 92189H300 $10.9M 2.33% 437,431 SH
18 ISHARES INC EWM 46434G814 $10.8M 2.32% 395,199 SH
19 ISHARES INC EWZ 464286400 $10.8M 2.31% 289,053 SH
20 SCHWAB STRATEGIC TR SCHF 808524805 $3.1M 0.66% 112,912 SH
21 ISHARES TR IVW 464287309 $2.6M 0.57% 18,597 SH
22 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $2.6M 0.55% 45,354 SH
23 ISHARES TR SHY 464287457 $2.1M 0.45% 26,033 SH
24 ISHARES TR ITOT 464287150 $2.1M 0.44% 12,495 SH
25 FRANKLIN TEMPLETON ETF TR FLBR 35473P835 $2.0M 0.42% 84,023 SH
26 SPDR SERIES TRUST SPSB 78464A474 $1.8M 0.38% 60,722 SH
27 ISHARES TR IVE 464287408 $1.7M 0.36% 7,381 SH
28 VANECK ETF TRUST HYEM 92189F353 $1.5M 0.32% 77,559 SH
29 APPLE INC AAPL 037833100 $1.2M 0.26% 3,635 SH
30 SCHWAB STRATEGIC TR SCHE 808524706 $1.2M 0.25% 31,843 SH
31 MICROSOFT CORP MSFT 594918104 $948.1K 0.20% 1,848 SH
32 PROFESIONALLY MANAGED PORTFO AKRE 74316P579 $825.8K 0.18% 15,679 SH
33 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $769.7K 0.16% 1,009 SH
34 LIQUIDIA CORPORATION LQDA 53635D202 $757.5K 0.16% 25,034 SH
35 DBX ETF TR HYLB 233051432 $730.7K 0.16% 20,746 SH
36 VANGUARD INDEX FDS VTI 922908769 $678.9K 0.15% 1,814 SH
37 NVENT ELEC PLC NVT G6700G107 $672.3K 0.14% 4,192 SH
38 ISHARES INC LEMB 464286517 $670.8K 0.14% 15,877 SH
39 VANGUARD STAR FDS VXUS 921909768 $634.9K 0.14% 7,473 SH
40 VANGUARD ADMIRAL FDS INC VIOO 921932828 $509.4K 0.11% 4,026 SH
41 ABBVIE INC ABBV 00287Y109 $496.2K 0.11% 1,897 SH
42 VANGUARD BD INDEX FDS BND 921937835 $371.4K 0.08% 5,294 SH
43 CAMBRIA ETF TR GVAL 132061409 $370.6K 0.08% 9,795 SH
44 INVESCO QQQ TR QQQ 46090E103 $365.4K 0.08% 494 SH
45 GORMAN RUPP CO GRC 383082104 $333.5K 0.07% 4,478 SH
46 ISHARES TR IGV 464287515 $322.4K 0.07% 3,028 SH
47 AIRGAIN INC AIRG 00938A104 $310.6K 0.07% 62,615 SH
48 JPMORGAN CHASE & CO JPM 46625H100 $305.8K 0.07% 924 SH
49 CHEVRON CORPORATION CVX 166764100 $290.0K 0.06% 1,420 SH
50 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $280.9K 0.06% 1,502 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-07 $466.9M 65 0001813577-26-000007
2026-06-30 2026-07-08 $463.0M 66 0001813577-26-000005
2026-03-31 2026-04-08 $428.8M 64 0001813577-26-000004
2025-12-31 2026-01-14 $424.1M 60 0001813577-26-000001
Filer Information
Address
1020 CLEVELAND AVENUE
ASHLAND, OH 44805
Phone
(419) 289-7007
Filing Manager
Whitcomb & Hess, Inc.
ASHLAND, OH
Signatory
Ryan Gilmer
CCO