Top Institutional Investors

Phraction Management LLC — 13F Holdings & Portfolio

CIK 1907803 · latest 13F-HR filed 2026-10-14

Backtest portfolio

Phraction Management LLC manages $545.1M in 13F-reported U.S. long-equity assets across 67 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SPY (20.99%), AMZN (6.74%), MSFT (6.00%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 7 new positions and exited 6; 17 existing positions rose in reported value and 22 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
$545.1M

Long-equity book

Holdings
67

Distinct positions

Period
2026-09-30

Filed 2026-10-14

Q/Q Activity
+7 / −6 / ↑17 / ↓22

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
AMZN8.5% · +2%MSFT7.6% · +2%GOOGL6.0% · -2%ASML5.5% · -3%ADI5.5% · +25%TMO5.4% · -0%META4.2% · +58%GOOG3.6% · 0%DHR3.5% · -2%ENTG3.4% · -0%BACPL3.4% · -2%TDG3.2% · +62%LIN2.7% · +1%V2.4% · -0%AMAT2.2% · -14%RTX2.2% · -1%BRK.B2.2% · +0%PHYS2.1% · 0%BDX1.9% · -1%WFCPL1.9% · +17%SPGI1.8% · -8%WMB1.7% · 0%TXN1.7% · 0%TDY1.7% · -0%HON1.5% · -0%SNPS1.4% · -0%BAC1.2% · -2%LRCX1.2% · -3%PM1.1% · -0%ICE1.0% · -21%FERG0.9% · -8%IBIT0.8% · 0%OTIS0.6% · newNVDA0.4% · 0%PEP0.4% · -5%BSX0.4% · -5%ETPI0.3% · +90%MKTW0.3% · -22%ETN0.3% · 0%GDX0.3% · 0%EPPC0.3% · newRSP0.3% · 0%AAPL0.3% · 0%BN0.3% · 0%VEU0.2% · 0%MOAT0.2% · 0%SPY0.2% · 0%SPGP0.2% · 0%EPD0.2% · 0%EWJ0.2% · newASHR0.1% · 0%IHI0.1% · -6%ZM0.1% · newINDA0.1% · 0%FMX0.1% · 0%FXY0.1% · newHD0.1% · 0%AVGO0.1% · 0%SGHC0.1% · 0%NOBL0.1% · 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 = 53.3%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 11, 2026.

Assets Under Management
$625.5M
Discretionary
$625.5M
Employees
7
Accounts
130
Address
139 S. MAIN ST
SUITE 2
COLCHESTER, CT 06415
Phone
(860) 531-9590
Website
Name Title / Status Ownership Type
MAPFAIR LLC ControlMEMBER
since Aug 2018
75% or moreDomestic Entity
STOLLMAN, JASON, LEE ControlMANAGER; CHIEF INVESTMENT OFFICER, CHIEF EXECUTIVE OFFICER
since Aug 2018
Less than 5%Individual
Sjovall, Jeffrey, Gilbert ControlCHIEF COMPLIANCE OFFICER, CSO, AMLCO
since Feb 2025
Less than 5%Individual
WRIGHT, CHRISTINE, BRION ControlCOO
since Feb 2025
Less than 5%Individual
STOLLMAN, JASON, LEE Control
Indirect owner via MAPFAIR LLC
MEMBER; MANAGER
since Aug 2018
75% or moreIndividual
Ownership & leadership changes · 4 filings with changes since Sep 4, 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 25, 2025 filing
  • ChangedSTOLLMAN, JASON, LEE · title MANAGER; CHIEF INVESTMENT OFFICER → MANAGER; CHIEF INVESTMENT OFFICER, CHIEF EXECUTIVE OFFICER
Mar 11, 2025 filing
  • No longer listedGagnier, Thomas, James · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Aug 2018
  • AddedSjovall, Jeffrey, Gilbert · CHIEF COMPLIANCE OFFICER, CSO, AMLCO · Less than 5% · control person
  • AddedWRIGHT, CHRISTINE, BRION · COO · Less than 5% · control person
Jul 17, 2024 filing
  • ChangedSTOLLMAN, JASON, LEE · ownership 75% or more → Less than 5%
Jul 11, 2024 filing
  • No longer listedSCHELLENS, JAMES, W · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Aug 2018
Sep 4, 2018 filing (earliest on record)
  • ListedGagnier, Thomas, James · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedMAPFAIR LLC · MEMBER · 75% or more · control person
  • ListedSCHELLENS, JAMES, W · CHIEF OPERATING OFFICER · Less than 5% · control person
  • ListedSTOLLMAN, JASON, LEE · MANAGER; CHIEF INVESTMENT OFFICER · 75% or more · control person
  • ListedSTOLLMAN, JASON, LEE · MEMBER; MANAGER · 75% or more · indirect via MAPFAIR 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.

Phraction Management 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 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $114.4M 20.99% 150,000 SH
2 AMAZON COM INC AMZN 023135106 $36.8M 6.74% 147,528 SH
3 MICROSOFT CORP MSFT 594918104 $32.7M 6.00% 63,734 SH
4 ALPHABET INC GOOGL 02079K305 $25.9M 4.76% 75,383 SH
5 ASML HLDG NV ASML N07059210 $23.8M 4.37% 13,164 SH
6 ANALOG DEVICES INC ADI 032654105 $23.6M 4.33% 59,564 SH
7 THERMO FISHER SCIENTIFIC INC TMO 883556102 $23.3M 4.27% 34,512 SH
8 META PLATFORMS INC META 30303M102 $18.2M 3.34% 25,144 SH
9 ALPHABET INC GOOG 02079K107 $15.3M 2.81% 44,903 SH
10 DANAHER CORP DEL DHR 235851102 $14.9M 2.74% 67,454 SH
11 ENTEGRIS INC ENTG 29362U104 $14.8M 2.71% 95,864 SH
12 BANK OF AMER CORP BACPL 060505682 $14.6M 2.68% 11,971 SH
13 TRANSDIGM GROUP INC TDG 893641100 $13.6M 2.49% 12,555 SH
14 LINDE PLC LIN G54950103 $11.5M 2.12% 24,301 SH
15 VISA INC V 92826C839 $10.5M 1.93% 29,224 SH
16 APPLIED MATLS INC AMAT 038222105 $9.4M 1.72% 18,377 SH
17 RTX CORPORATION RTX 75513E101 $9.3M 1.71% 50,275 SH
18 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $9.3M 1.71% 18,695 SH
19 SPROTT ASSET MANAGEMENT LP PHYS 85207H104 $9.1M 1.67% 290,467 SH
20 BECTON DICKINSON & CO BDX 075887109 $8.3M 1.51% 46,116 SH
21 WELLS FARGO & CO WFCPL 949746804 $8.2M 1.51% 7,616 SH
22 S&P GLOBAL INC SPGI 78409V104 $7.8M 1.43% 19,791 SH
23 WILLIAMS COS INC WMB 969457100 $7.4M 1.35% 108,275 SH
24 TEXAS INSTRS INC TXN 882508104 $7.3M 1.34% 26,146 SH
25 TELEDYNE TECHNOLOGIES INC TDY 879360105 $7.2M 1.33% 11,923 SH
26 HONEYWELL INTL INC HON 438516205 $6.5M 1.19% 30,766 SH
27 SYNOPSYS INC SNPS 871607107 $6.2M 1.14% 14,305 SH
28 BANK OF AMER CORP BAC 060505104 $5.1M 0.94% 94,130 SH
29 LAM RESEARCH CORP LRCX 512807306 $5.0M 0.92% 15,346 SH
30 PHILIP MORRIS INTL INC PM 718172109 $4.8M 0.87% 24,959 SH
31 INTERCONTINENTAL EXCHANGE IN ICE 45866F104 $4.5M 0.83% 29,685 SH
32 FERGUSON ENTERPRISES INC FERG 31488V107 $3.8M 0.69% 16,875 SH
33 ISHARES BITCOIN TRUST ETF IBIT 46438F101 $3.6M 0.65% 75,200 SH
34 OTIS WORLDWIDE CORP OTIS 68902V107 $2.5M 0.45% 38,491 SH
35 NVIDIA CORPORATION NVDA 67066G104 $1.8M 0.34% 8,000 SH
36 PEPSICO INC PEP 713448108 $1.8M 0.33% 13,989 SH
37 BOSTON SCIENTIFIC CORP BSX 101137107 $1.5M 0.28% 34,693 SH
38 ENERGY TRANSFER L P ETPI 29273V704 $1.5M 0.27% 135,630 SH
39 MARKETWISE INC MKTW 57064P206 $1.4M 0.26% 72,316 SH
40 EATON CORP PLC ETN G29183103 $1.4M 0.26% 3,238 SH
41 VANECK ETF TRUST GDX 92189F106 $1.2M 0.22% 13,770 SH
42 EL PASO ENERGY CAP TR I EPPC 283678209 $1.2M 0.22% 23,745 SH
43 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $1.2M 0.22% 5,648 SH
44 APPLE INC AAPL 037833100 $1.2M 0.21% 3,499 SH
45 BROOKFIELD CORP BN 11271J107 $1.1M 0.20% 30,172 SH
46 VANGUARD INTL EQUITY INDEX F VEU 922042775 $1.0M 0.18% 12,062 SH
47 VANECK ETF TRUST MOAT 92189F643 $961.4K 0.18% 9,095 SH
48 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $803.8K 0.15% 1,054 SH
49 INVESCO EXCHANGE TRADED FD T SPGP 46137V431 $797.3K 0.15% 6,710 SH
50 ENTERPRISE PRODS PARTNERS L EPD 293792107 $790.9K 0.15% 22,209 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-14 $545.1M 67 0002085853-26-001183
2026-06-30 2026-07-20 $595.5M 66 0002085853-26-000778
2026-03-31 2026-04-24 $482.9M 65 0002085853-26-000477
2025-12-31 2026-01-26 $375.3M 67 0002085853-26-000088
Filer Information
Address
139 S. MAIN ST
SUITE 2
COLCHESTER, CT 06415
Phone
(860) 531-9590
Filing Manager
Phraction Management LLC
COLCHESTER, CT
Signatory
Jeffrey Sjovall
CCO