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TCP Asset Management, LLC — 13F Holdings & Portfolio

CIK 1961898 · latest 13F-HR filed 2026-10-14

Backtest portfolio

TCP Asset Management, LLC manages $884.5M in 13F-reported U.S. long-equity assets across 144 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are IVV (15.80%), QQQ (6.63%), DIA (6.57%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 12 new positions and exited 9; 29 existing positions rose in reported value and 38 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
$884.5M

Long-equity book

Holdings
144

Distinct positions

Period
2026-09-30

Filed 2026-10-14

Q/Q Activity
+12 / −9 / ↑29 / ↓38

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
IVV15.8% · +1%QQQ6.6% · +1%DIA6.6% · +2%DFAU5.9% · +3%THY5.5% · +3%DFUS4.7% · +3%FTSM4.4% · +3%ONEQ3.8% · +1%FIIG3.5% · +4%DFAI3.0% · +4%PHYS2.7% · +3%XLK2.6% · +1%FIXD2.3% · +3%AGG2.0% · +3%SMH2.0% · +5%FRI1.9% · +2%DFAE1.9% · +5%XLY1.8% · +5%DTH1.8% · +2%FEM1.7% · +2%SPY1.6% · -1%FMF1.4% · +2%OIH1.3% · +4%LMBS1.1% · +3%SPDW0.8% · -13%AAPL0.7% · +37%FSIG0.7% · +3%RSP0.7% · -2%XLV0.6% · -1%DFCF0.6% · +30%SPEM0.5% · -7%DFSD0.5% · +28%XME0.5% · -1%DFAS0.5% · +4%TLT0.5% · -10%NOBL0.4% · -4%NVDA0.3% · -2%DFIP0.3% · +31%SECU0.3% · +54%KIE0.3% · -1%VOO0.3% · -4%BUXX0.2% · -4%XLU0.2% · -0%MSFT0.2% · +4%IHI0.2% · -5%AMZN0.2% · -14%IVW0.2% · -1%AVGO0.2% · +10%JPLD0.1% · -4%SPMO0.1% · +0%FLOT0.1% · -0%MRSK0.1% · +1%XBI0.1% · 0%XLE0.1% · +3%GOOG0.1% · +8%SECT0.1% · 0%CVX0.1% · +0%DVY0.1% · +0%META0.1% · +45%IEF0.1% · -3%

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 = 59.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 28, 2026.

Assets Under Management
$1.18B
Discretionary
$1.15B
Employees
43
Accounts
5,021
Address
5000 HORIZONS DRIVE
UPPER ARLINGTON, OH 43220
Phone
(614) 761-9378
Website
Name Title / Status Ownership Type
ALLEN, BRANDA, RHAE ControlCHIEF OPERATING OFFICER AND PARTNER
since Mar 2020
10–25%Individual
ALLEN, JOSHUA, RICHARD ControlCHIEF EXECUTIVE OFFICER AND PARTNER
since Nov 2016
25–50%Individual
BERVIG, PHILIP, HUNTER ControlCHIEF INVESTMENT OFFICER AND PARTNER
since Mar 2020
25–50%Individual
GOEBEL, REBECCA, EVECHIEF COMPLIANCE OFFICER
since Nov 2024
Less than 5%Individual
Ownership & leadership changes · 10 filings with changes since Dec 9, 2016

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.

Feb 12, 2026 filing
  • No longer listedSUSI, PHILLIP, JOSEPH · EXECUTIVE VICE PRESIDENT AND PARTNER · 10–25% · control person · listed since Nov 2016
Mar 26, 2025 filing
  • ChangedBERVIG, PHILIP, HUNTER · now a control person
Jan 28, 2025 filing
  • ChangedSUSI, PHILLIP, JOSEPH · ownership 25–50% → 10–25%
Nov 14, 2024 filing
  • ChangedALLEN, BRANDA, RHAE · title OWNER → CHIEF OPERATING OFFICER AND PARTNER
  • ChangedALLEN, JOSHUA, RICHARD · title MEMBER, OWNER AND INVESTMENT ADVISOR REPRESENTATIVE → CHIEF EXECUTIVE OFFICER AND PARTNER
  • ChangedBERVIG, PHILIP, HUNTER · title OWNER & INVESTMENT ADVISER REPRESENTATIVE → CHIEF INVESTMENT OFFICER AND PARTNER
  • ChangedSUSI, PHILLIP, JOSEPH · title MEMBER, OWNER AND INVESTMENT ADVISOR REPRESENTATIVE → EXECUTIVE VICE PRESIDENT AND PARTNER
Oct 31, 2024 filing
  • AddedGOEBEL, REBECCA, EVE · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedALLEN, BRANDA, RHAE · title OWNER & CHIEF COMPLIANCE OFFICER → OWNER
Mar 14, 2024 filing
  • No longer listedMcCleese, Matthew, Ryan · DIRECTOR OF COMPLIANCE · Less than 5% · listed since Oct 2022
Jan 30, 2023 filing
  • No longer listedCALL, JULIANNE, LORRAINE · CHIEF COMPLIANCE OFFICER AND PRINCIPAL · Less than 5% · listed since Mar 2020
  • AddedMcCleese, Matthew, Ryan · DIRECTOR OF COMPLIANCE · Less than 5%
  • ChangedALLEN, BRANDA, RHAE · title OWNER & INVESTMENT ADVISER REPRESENTATIVE → OWNER & CHIEF COMPLIANCE OFFICER; now a control person
Apr 16, 2020 filing
  • ChangedALLEN, BRANDA, RHAE · title OWNER → OWNER & INVESTMENT ADVISER REPRESENTATIVE
  • ChangedBERVIG, PHILIP, HUNTER · title OWNER → OWNER & INVESTMENT ADVISER REPRESENTATIVE
Mar 13, 2020 filing
  • AddedALLEN, BRANDA, RHAE · OWNER · 10–25%
  • AddedBERVIG, PHILIP, HUNTER · OWNER · 25–50%
  • AddedCALL, JULIANNE, LORRAINE · CHIEF COMPLIANCE OFFICER AND PRINCIPAL · Less than 5%
  • ChangedALLEN, JOSHUA, RICHARD · title MEMBER, OWNER, CHIEF COMPLIANCE OFFICER, AND INVESTMENT ADVISOR REPRESENTATIVE → MEMBER, OWNER AND INVESTMENT ADVISOR REPRESENTATIVE; ownership 50–75% → 25–50%
  • ChangedSUSI, PHILLIP, JOSEPH · ownership 50–75% → 25–50%
Dec 14, 2016 filing
  • ChangedALLEN, JOSHUA, RICHARD · title CHIEF COMPLIANCE OFFICER, OWNER AND INVESTMENT ADVISOR REPRESENTATIVE → MEMBER, OWNER, CHIEF COMPLIANCE OFFICER, AND INVESTMENT ADVISOR REPRESENTATIVE
  • ChangedSUSI, PHILLIP, JOSEPH · title OWNER AND INVESTMENT ADVISOR REPRESENTATIVE → MEMBER, OWNER AND INVESTMENT ADVISOR REPRESENTATIVE
Older changes (1 more filing)
Dec 9, 2016 filing (earliest on record)
  • ListedALLEN, JOSHUA, RICHARD · CHIEF COMPLIANCE OFFICER, OWNER AND INVESTMENT ADVISOR REPRESENTATIVE · 50–75% · control person
  • ListedSUSI, PHILLIP, JOSEPH · OWNER AND INVESTMENT ADVISOR REPRESENTATIVE · 50–75% · 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 29 →

Top Trims

Show all 38 →

New Positions

Show all 12 →

Exited Positions

Show all 9 →

TCP Asset 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 ISHARES TR IVV 464287200 $139.8M 15.80% 180,777 SH
2 INVESCO QQQ TR QQQ 46090E103 $58.6M 6.63% 78,208 SH
3 STATE STR SPDR DOW JONES IND DIA 78467X109 $58.2M 6.57% 113,774 SH
4 DIMENSIONAL ETF TRUST DFAU 25434V104 $52.4M 5.93% 991,324 SH
5 NORTHERN LIGHTS FD TR THY 66538J738 $48.5M 5.48% 2,269,764 SH
6 DIMENSIONAL ETF TRUST DFUS 25434V401 $41.2M 4.66% 490,717 SH
7 FIRST TR EXCHANGE-TRADED FD FTSM 33739Q408 $38.7M 4.37% 649,525 SH
8 FIDELITY COMWLTH TR ONEQ 315912808 $33.4M 3.78% 311,824 SH
9 FIRST TR EXCHANGE-TRADED FD FIIG 33738D796 $30.8M 3.48% 1,570,494 SH
10 DIMENSIONAL ETF TRUST DFAI 25434V203 $26.3M 2.97% 632,849 SH
11 SPROTT ASSET MANAGEMENT LP PHYS 85207H104 $24.2M 2.74% 776,853 SH
12 SELECT SECTOR SPDR TR XLK 81369Y803 $23.3M 2.64% 116,860 SH
13 FIRST TR EXCHNG TRADED FD VI FIXD 33740F805 $19.9M 2.25% 483,288 SH
14 ISHARES TR AGG 464287226 $17.8M 2.01% 188,991 SH
15 VANECK ETF TRUST SMH 92189F676 $17.7M 2.00% 28,000 SH
16 FIRST TR EXCHANGE-TRADED FD FRI 33734G108 $17.0M 1.92% 576,747 SH
17 DIMENSIONAL ETF TRUST DFAE 25434V302 $16.8M 1.90% 420,600 SH
18 SELECT SECTOR SPDR TR XLY 81369Y407 $15.8M 1.78% 143,146 SH
19 WISDOMTREE TR DTH 97717W802 $15.5M 1.76% 280,746 SH
20 FIRST TR EXCH TRD ALPHDX FD FEM 33737J182 $15.2M 1.72% 465,297 SH
21 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $14.1M 1.59% 18,286 SH
22 FIRST TR EXCHANGE-TRADED FD FMF 33739G103 $12.0M 1.35% 229,996 SH
23 VANECK ETF TRUST OIH 92189H607 $11.8M 1.34% 30,884 SH
24 FIRST TR EXCHANGE-TRADED FD LMBS 33739Q200 $9.4M 1.06% 194,149 SH
25 SPDR INDEX SHS FDS SPDW 78463X889 $7.1M 0.81% 141,233 SH
26 APPLE INC AAPL 037833100 $6.4M 0.72% 19,201 SH
27 FIRST TR EXCHANGE-TRADED FD FSIG 33738D804 $6.0M 0.68% 327,175 SH
28 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $5.9M 0.67% 28,138 SH
29 SELECT SECTOR SPDR TR XLV 81369Y209 $5.7M 0.64% 34,322 SH
30 DIMENSIONAL ETF TRUST DFCF 25434V872 $5.1M 0.57% 126,423 SH
31 SPDR INDEX SHS FDS SPEM 78463X509 $4.6M 0.52% 88,579 SH
32 DIMENSIONAL ETF TRUST DFSD 25434V864 $4.3M 0.48% 91,508 SH
33 SPDR SERIES TRUST XME 78464A755 $4.2M 0.47% 39,520 SH
34 DIMENSIONAL ETF TRUST DFAS 25434V500 $4.0M 0.46% 51,331 SH
35 ISHARES TR TLT 464287432 $4.0M 0.45% 51,920 SH
36 PROSHARES TR NOBL 74348A467 $3.2M 0.36% 58,645 SH
37 NVIDIA CORPORATION NVDA 67066G104 $2.9M 0.33% 12,376 SH
38 DIMENSIONAL ETF TRUST DFIP 25434V856 $2.8M 0.32% 72,305 SH
39 BLACKROCK ETF TRUST II SECU 092528819 $2.6M 0.30% 54,204 SH
40 SPDR SERIES TRUST KIE 78464A789 $2.6M 0.29% 43,265 SH
41 VANGUARD INDEX FDS VOO 922908363 $2.5M 0.29% 3,591 SH
42 EA SERIES TRUST BUXX 02072L441 $2.1M 0.24% 105,018 SH
43 SELECT SECTOR SPDR TR XLU 81369Y886 $1.6M 0.18% 41,009 SH
44 MICROSOFT CORP MSFT 594918104 $1.6M 0.18% 3,132 SH
45 ISHARES TR IHI 464288810 $1.6M 0.18% 31,043 SH
46 AMAZON COM INC AMZN 023135106 $1.5M 0.17% 5,942 SH
47 ISHARES TR IVW 464287309 $1.4M 0.16% 9,903 SH
48 BROADCOM INC AVGO 11135F101 $1.4M 0.16% 3,878 SH
49 J P MORGAN EXCHANGE TRADED F JPLD 46654Q773 $1.2M 0.14% 23,304 SH
50 INVESCO EXCH TRADED FD TR II SPMO 46138E339 $1.2M 0.13% 7,580 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-14 $884.5M 144 0002085853-26-001190
2026-06-30 2026-07-15 $882.1M 141 0002085853-26-000732
2026-03-31 2026-04-10 $778.0M 133 0002085853-26-000334
2025-12-31 2026-01-07 $593.5M 111 0002085853-26-000013
Filer Information
Address
5000 HORIZONS DRIVE
UPPER ARLINGTON, OH 43220
Phone
(614) 761-9378
Filing Manager
TCP Asset Management, LLC
Upper Arlington, OH
Signatory
Becki Goebel
Chief Compliance Officer