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Sovereign Investment Advisors, LLC — 13F Holdings & Portfolio

CIK 1908165 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Sovereign Investment Advisors, LLC manages $532.7M in 13F-reported U.S. long-equity assets across 109 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (12.85%), QQQ (7.13%), SPY (6.91%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 12 new positions and exited 9; 51 existing positions rose in reported value and 11 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
$532.7M

Long-equity book

Holdings
109

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+12 / −9 / ↑51 / ↓11

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
IVV12.8% · +0%QQQ7.1% · -2%SPY6.9% · +19%IEFA5.9% · +2%BKGI5.9% · -7%VNLA5.0% · +1%VTHR4.2% · +2940%IDEV4.1% · +54%MPLX4.0% · 0%BND2.7% · +14%USMV2.7% · -7%IEMG2.6% · -14%EPD2.3% · 0%WES2.3% · 0%PAA2.2% · 0%VTI2.2% · +0%SMTH1.8% · 0%JAAA1.7% · -1%OKE1.6% · 0%VMBS1.5% · +1%EMXC1.4% · -4%IJH1.4% · -0%PSX1.3% · 0%AGG1.3% · +1%LVHD1.3% · +1%BIV1.3% · +1%BIL1.0% · -9%VXUS1.0% · +0%JNK0.9% · +2%TRP0.7% · 0%SPLV0.6% · +0%SUN0.6% · 0%MBB0.4% · +22%IJT0.4% · +0%VWO0.3% · +0%VCSH0.3% · 0%EEM0.3% · +186%JELH0.2% · newIUSB0.2% · 0%AVGO0.2% · +2%JPM0.2% · 0%GOOGL0.2% · -9%NVDA0.1% · +8%IVOO0.1% · 0%VUG0.1% · +500%AEP0.1% · +3%RTX0.1% · +3%AMD0.1% · -18%MSFT0.1% · 0%ABBV0.1% · +42%EMR0.1% · 0%AAPL0.1% · +32%INTC0.1% · -8%TLT0.1% · 0%WMT0.1% · +2%DFAS0.1% · 0%ADI0.1% · 0%AMZN0.1% · -62%GE0.1% · 0%JEPI0.1% · +32%

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

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 = 58.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 4, 2026.

Assets Under Management
$3.31B
Discretionary
$3.26B
Employees
8
Accounts
144
Address
3930 E RAY ROAD SUITE 170
PHOENIX, AZ 85044
Phone
(480) 385-2850
Website
Name Title / Status Ownership Type
LAMB, APRIL, DAWN ControlDIRECTOR OF OPERATIONS
since Dec 2021
Less than 5%Individual
LAMB, JEFFREY, MICHAEL ControlPRINCIPAL
since Mar 2009
Less than 5%Individual
SOVEREIGN FINANCE LLC ControlSOLE MEMBER
since Nov 2008
75% or moreDomestic Entity
EARLY, TODD, COLEMANCHIEF INVESTMENT OFFICER
since Jul 2017
Less than 5%Individual
ROTHCHILD, MATTHEW, DAVIDCHIEF COMPLIANCE OFFICER
since Nov 2025
Less than 5%Individual
LAMB, JEFFREY, MICHAEL Control
Indirect owner via SOVEREIGN FINANCE LLC
MANAGING MEMBER
since Nov 2008
75% or moreIndividual
MORONGO BAND OF MISSION INDIANS
Indirect owner via SOVEREIGN FINANCE
INVESTOR MEMBER
since Sep 2009
25–50%Domestic Entity
Ownership & leadership changes · 6 filings with changes since Apr 12, 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.

Nov 19, 2025 filing
  • No longer listedTAVARES, MARGUERITE, AMARAL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Dec 2021
  • AddedROTHCHILD, MATTHEW, DAVID · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 17, 2023 filing
  • AddedEARLY, TODD, COLEMAN · CHIEF INVESTMENT OFFICER · Less than 5%
Mar 25, 2022 filing
  • ChangedLAMB, JEFFREY, MICHAEL · ownership 75% or more → Less than 5%
  • ChangedSOVEREIGN FINANCE LLC · ownership 10–25% → 75% or more
Dec 20, 2021 filing
  • AddedTAVARES, MARGUERITE, AMARAL · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedLAMB, APRIL, DAWN · title CHIEF COMPLIANCE OFFICER → DIRECTOR OF OPERATIONS
Feb 3, 2015 filing
  • ChangedSOVEREIGN FINANCE LLC · ownership 75% or more → 10–25%
Jan 30, 2015 filing
  • ChangedMORONGO BAND OF MISSION INDIANS · indirect via SOVEREIGN FINANCE: title MANAGING MEMBER → INVESTOR MEMBER
Apr 12, 2012 filing (earliest on record)
  • ListedLAMB, APRIL, DAWN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedLAMB, JEFFREY, MICHAEL · MANAGING MEMBER · 75% or more · indirect via SOVEREIGN FINANCE LLC · control person
  • ListedLAMB, JEFFREY, MICHAEL · PRINCIPAL · 75% or more · control person
  • ListedMORONGO BAND OF MISSION INDIANS · MANAGING MEMBER · 25–50% · indirect via SOVEREIGN FINANCE
  • ListedSOVEREIGN FINANCE LLC · SOLE MEMBER · 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 51 →

Top Trims

Show all 11 →

New Positions

Show all 12 →

Exited Positions

Show all 9 →

Sovereign Investment Advisors, 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 ISHARES TR IVV 464287200 $68.4M 12.85% 91,398 SH
2 INVESCO QQQ TR QQQ 46090E103 $38.0M 7.13% 51,500 SH
3 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $36.8M 6.91% 49,146 SH
4 ISHARES TR IEFA 46432F842 $31.5M 5.92% 326,439 SH
5 BNY MELLON ETF TRUST BKGI 09661T826 $31.3M 5.88% 696,182 SH
6 JANUS DETROIT STR TR VNLA 47103U886 $26.8M 5.02% 545,365 SH
7 VANGUARD SCOTTSDALE FDS VTHR 92206C599 $22.4M 4.21% 67,720 SH
8 ISHARES TR IDEV 46435G326 $21.8M 4.09% 245,035 SH
9 MPLX LP MPLX 55336V100 $21.1M 3.95% 373,955 SH
10 VANGUARD BD INDEX FDS BND 921937835 $14.6M 2.74% 198,831 SH
11 ISHARES TR USMV 46429B697 $14.5M 2.72% 149,994 SH
12 ISHARES INC IEMG 46434G103 $13.8M 2.60% 167,158 SH
13 ENTERPRISE PRODS PARTNERS L EPD 293792107 $12.2M 2.29% 332,382 SH
14 WESTERN MIDSTREAM PARTNERS L WES 958669103 $12.0M 2.25% 274,479 SH
15 PLAINS ALL AMERN PIPELINE L PAA 726503105 $11.8M 2.21% 528,931 SH
16 VANGUARD INDEX FDS VTI 922908769 $11.5M 2.16% 31,078 SH
17 ALPS ETF TR SMTH 00162Q346 $9.6M 1.81% 373,742 SH
18 JANUS DETROIT STR TR JAAA 47103U845 $9.2M 1.73% 181,410 SH
19 ONEOK INC NEW OKE 682680103 $8.3M 1.56% 95,849 SH
20 VANGUARD SCOTTSDALE FDS VMBS 92206C771 $8.1M 1.53% 173,909 SH
21 ISHARES INC EMXC 46434G764 $7.4M 1.39% 72,632 SH
22 ISHARES TR IJH 464287507 $7.2M 1.36% 93,739 SH
23 PHILLIPS 66 PSX 718546104 $7.1M 1.34% 42,129 SH
24 ISHARES TR AGG 464287226 $7.0M 1.31% 70,318 SH
25 LEGG MASON ETF INVT LVHD 52468L406 $6.8M 1.28% 154,793 SH
26 VANGUARD BD INDEX FDS BIV 921937819 $6.7M 1.26% 87,243 SH
27 SPDR SERIES TRUST BIL 78468R663 $5.4M 1.01% 58,855 SH
28 VANGUARD STAR FDS VXUS 921909768 $5.2M 0.97% 60,482 SH
29 SPDR SERIES TRUST JNK 78468R622 $4.9M 0.91% 50,383 SH
30 TC ENERGY CORP TRP 87807B107 $3.7M 0.69% 55,254 SH
31 INVESCO EXCH TRADED FD TR II SPLV 46138E354 $3.0M 0.57% 40,458 SH
32 SUNOCO LP/SUNOCO FIN CORP SUN 86765K109 $2.9M 0.55% 43,522 SH
33 ISHARES TR MBB 464288588 $2.3M 0.44% 24,800 SH
34 ISHARES TR IJT 464287887 $2.1M 0.39% 11,684 SH
35 VANGUARD INTL EQUITY INDEX F VWO 922042858 $1.7M 0.32% 28,704 SH
36 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $1.6M 0.29% 19,667 SH
37 ISHARES TR EEM 464287234 $1.4M 0.26% 20,337 SH
38 JANUS DETROIT STR TR JELH 47103U654 $1.2M 0.23% 48,422 SH
39 ISHARES TR IUSB 46434V613 $1.0M 0.19% 22,236 SH
40 BROADCOM INC AVGO 11135F101 $1.0M 0.19% 2,676 SH
41 JPMORGAN CHASE & CO JPM 46625H100 $913.3K 0.17% 2,790 SH
42 ALPHABET INC GOOGL 02079K305 $893.1K 0.17% 2,499 SH
43 NVIDIA CORPORATION NVDA 67066G104 $794.6K 0.15% 3,971 SH
44 VANGUARD ADMIRAL FDS INC IVOO 921932885 $773.8K 0.15% 5,934 SH
45 VANGUARD INDEX FDS VUG 922908736 $764.9K 0.14% 8,880 SH
46 AMERICAN ELEC PWR CO INC AEP 025537101 $759.2K 0.14% 5,549 SH
47 RTX CORPORATION RTX 75513E101 $756.1K 0.14% 3,985 SH
48 ADVANCED MICRO DEVICES INC AMD 007903107 $726.1K 0.14% 1,250 SH
49 MICROSOFT CORP MSFT 594918104 $697.5K 0.13% 1,870 SH
50 ABBVIE INC ABBV 00287Y109 $694.5K 0.13% 2,760 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $532.7M 109 0001908165-26-000009
2026-03-31 2026-05-12 $472.1M 106 0001908165-26-000005
2025-12-31 2026-02-13 $399.8M 135 0001908165-26-000002
2025-09-30 2025-10-24 $366.5M 35 0001908165-25-000018
Filer Information
Address
3930 E RAY ROAD
SUITE 170
PHOENIX, AZ 85044
Phone
(480) 385-2850
Filing Manager
Sovereign Investment Advisors, LLC
PHOENIX, AZ
Signatory
April Lamb
Director of Operations