EIGHT 31 FINANCIAL, LLC — 13F Holdings & Portfolio
CIK 2011328 · latest 13F-HR filed 2026-08-13
EIGHT 31 FINANCIAL, LLC manages $168.2M in 13F-reported U.S. long-equity assets across 66 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (9.21%), IBTK (6.02%), IBTI (5.64%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 9; 24 existing positions rose in reported value and 15 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
$168.2M
Long-equity book
Holdings
66
Distinct positions
Period
2026-06-30
Filed 2026-08-13
Q/Q Activity
+3 / −9 / ↑24 / ↓15
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26VOO9.2% · +3%IBTK6.0% · +3%IBTI5.6% · +3%IBTJ5.6% · +3%IBDS4.8% · +2%IBTH4.8% · +2%IBDT4.8% · +2%IBDV4.8% · +2%AOR4.6% · +1%XOM4.4% · 0%IDEV4.4% · +3%AAPL4.1% · -8%TFIN4.1% · 0%IUSB3.6% · +1%AGG3.4% · +5%IBDU2.4% · +2%IEMG1.8% · +2%IBHG1.4% · +3%HPK1.4% · 0%IBHF1.4% · +3%MSFT1.4% · -8%VNOM1.3% · +0%NVDA1.2% · -8%EOG0.9% · 0%IBTL0.8% · +5%CFR0.8% · -5%IWF0.7% · +319%ACWI0.6% · +7%IAGG0.6% · +1%AOM0.6% · 0%IWD0.5% · -7%FANG0.5% · -2%IJH0.5% · +3%EFA0.5% · -3%CVX0.4% · -3%WMT0.4% · 0%IWS0.4% · -8%AOA0.4% · +4%COP0.3% · +0%KRP0.3% · +0%AMZN0.3% · -38%COST0.3% · -5%SHEL0.3% · -6%ARCC0.3% · +7%DVN0.2% · +1%IJR0.2% · +3%SPY0.2% · -26%IWO0.2% · -4%IWN0.2% · -11%EPD0.2% · 0%AVGO0.2% · -3%KO0.2% · 0%VEA0.1% · +0%AGNC0.1% · +27%WMB0.1% · +0%DX0.1% · +35%TXN0.1% · newOXLC0.1% · +6%CSWC0.1% · newTRIN0.1% · +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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated 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 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 54.8%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 31, 2026.
Assets Under Management
$532.4M
Discretionary
$345.8M
Employees
5
Accounts
122
Address
3200 MOCKINGBIRD LANE
BUILDING 7, SUITE 204
MIDLAND, TX 79705
BUILDING 7, SUITE 204
MIDLAND, TX 79705
Phone
(423) 282-0251
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CRUNK FAMILY, LP Control | MEMBER since Sep 2023 | 75% or more | Domestic Entity |
| CRUNK, DANE, EDWARD Control | MANAGING PARTNER & CHIEF COMPLIANCE OFFICER since Sep 2023 | Less than 5% | Individual |
| EIGHT 31 PHOENIX, LLC Control | OWNER since Dec 2023 | 10–25% | Domestic Entity |
| CRUNK FAMILY GP, LLC Control Indirect owner via CRUNK FAMILY, LP | GENERAL PARTNER since Jul 2019 | General partner, trustee or manager | Domestic Entity |
| CRUNK, DANE, EDWARD Control Indirect owner via CRUNK FAMILY, LP | BENEFICIAL OWNER since Jul 2019 | 50–75% | Individual |
| CRUNK, DANE, EDWARD Control Indirect owner via EIGHT 31 CAPITAL MANAGEMENT, LLC | SOLE MANAGER since Sep 2023 | 75% or more | Individual |
| CRUNK, SALLY, SMITH Control Indirect owner via CRUNK FAMILY, LP | LIMITED PARTNER since Jul 2019 | 50–75% | Individual |
| EIGHT 31 CAPITAL MANAGEMENT, LLC Control Indirect owner via EIGHT 31 PHOENIX, LLC | SOLE MANAGER since Dec 2023 | General partner, trustee or manager | Domestic Entity |
| F&D KELLER FAMILY LIMITED PARTNERSHIP, LTD. Control Indirect owner via EIGHT 31 PHOENIX, LLC | MEMBER since Dec 2023 | 50–75% | Domestic Entity |
| FRANKIE L KELLER II 2014 TRUST Control Indirect owner via F&D KELLER FAMILY LIMITED PARTNERSHIP, LTD. | LIMITED PARTNER since Dec 2015 | 25–50% | Domestic Entity |
| KELLER, FRANKIE, LEALLEN Control Indirect owner via FRANKIE L KELLER II 2014 TRUST | TRUSTEE since Dec 2015 | General partner, trustee or manager | Individual |
| KELLER, FRANKIE, LEALLEN Control Indirect owner via KIRSTY LEA KELLER 2014 TRUST | TRUSTEE since Dec 2015 | General partner, trustee or manager | Individual |
| KELLER, FRANKIE, LEALLEN Control Indirect owner via MELISSA BAKER 2014 TRUST | TRUSTEE since Dec 2015 | General partner, trustee or manager | Individual |
| KIRSTY LEA KELLER 2014 TRUST Control Indirect owner via F&D KELLER FAMILY LIMITED PARTNERSHIP, LTD. | LIMITED PARTNER since Dec 2015 | 25–50% | Domestic Entity |
| MELISSA BAKER 2014 TRUST Control Indirect owner via F&D KELLER FAMILY LIMITED PARTNERSHIP, LTD. | LIMITED PARTNER since Dec 2015 | 25–50% | Domestic Entity |
Ownership & leadership changes · 2 filings with changes since Jul 21, 2023
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 28, 2024 filing
- No longer listedEIGHT 31 CAPITAL MANAGEMENT, LLC · MANAGER · Less than 5% · control person · listed since Sep 2023
- AddedEIGHT 31 CAPITAL MANAGEMENT, LLC · SOLE MANAGER · General partner, trustee or manager · indirect via EIGHT 31 PHOENIX, LLC · control person
- AddedEIGHT 31 PHOENIX, LLC · OWNER · 10–25% · control person
- AddedF&D KELLER FAMILY LIMITED PARTNERSHIP, LTD. · MEMBER · 50–75% · indirect via EIGHT 31 PHOENIX, LLC · control person
- AddedFRANKIE L KELLER II 2014 TRUST · LIMITED PARTNER · 25–50% · indirect via F&D KELLER FAMILY LIMITED PARTNERSHIP, LTD. · control person
- AddedKELLER, FRANKIE, LEALLEN · TRUSTEE · General partner, trustee or manager · indirect via FRANKIE L KELLER II 2014 TRUST · control person
- AddedKELLER, FRANKIE, LEALLEN · TRUSTEE · General partner, trustee or manager · indirect via KIRSTY LEA KELLER 2014 TRUST · control person
- AddedKELLER, FRANKIE, LEALLEN · TRUSTEE · General partner, trustee or manager · indirect via MELISSA BAKER 2014 TRUST · control person
- AddedKIRSTY LEA KELLER 2014 TRUST · LIMITED PARTNER · 25–50% · indirect via F&D KELLER FAMILY LIMITED PARTNERSHIP, LTD. · control person
- AddedMELISSA BAKER 2014 TRUST · LIMITED PARTNER · 25–50% · indirect via F&D KELLER FAMILY LIMITED PARTNERSHIP, LTD. · control person
Sep 8, 2023 filing
- No longer listedSmith, Christopher, Rick · SOLE MEMBER AND CHIEF COMPLIANCE OFFICER · 75% or more · control person · listed since Jul 2023
- AddedCRUNK FAMILY GP, LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via CRUNK FAMILY, LP · control person
- AddedCRUNK FAMILY, LP · MEMBER · 75% or more · control person
- AddedCRUNK, DANE, EDWARD · MANAGING PARTNER & CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- AddedCRUNK, DANE, EDWARD · BENEFICIAL OWNER · 50–75% · indirect via CRUNK FAMILY, LP · control person
- AddedCRUNK, DANE, EDWARD · SOLE MANAGER · 75% or more · indirect via EIGHT 31 CAPITAL MANAGEMENT, LLC · control person
- AddedCRUNK, SALLY, SMITH · LIMITED PARTNER · 50–75% · indirect via CRUNK FAMILY, LP · control person
- AddedEIGHT 31 CAPITAL MANAGEMENT, LLC · MANAGER · Less than 5% · control person
Jul 21, 2023 filing (earliest on record)
- ListedSmith, Christopher, Rick · SOLE MEMBER AND CHIEF COMPLIANCE OFFICER · 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)
- VANGUARD INDEX FDS$2.4M +18.0%
- TRIUMPH FINANCIAL INC$1.5M +27.9%
- ISHARES TR$672.0K +9.5%
- ISHARES TR$625.1K +9.3%
- ISHARES INC$515.0K +20.7%
Top Trims
- EXXON MOBIL CORP-$1.8M -19.4%
- VIPER ENERGY INC-$232.7K -9.7%
- AMAZON COM INC-$200.2K -29.6%
- CHEVRON CORPORATION-$195.3K -22.0%
- MICROSOFT CORP-$185.4K -7.4%
New Positions
- TEXAS INSTRS INC$222.2K
- CAPITAL SOUTHWEST CORP$208.0K
- PENNANTPARK INVT CORP$35.8K
Exited Positions
- OCCIDENTAL PETE CORP$733.4K
- ALPHABET INC$555.3K
- META PLATFORMS INC$500.6K
- NETFLIX INC.$336.5K
- BERKSHIRE HATHAWAY INC DEL$304.8K
EIGHT 31 FINANCIAL, 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 | VANGUARD INDEX FDS | VOO | 922908363 | $15.5M | 9.21% | 22,559 | SH |
| 2 | ISHARES TR | IBTK | 46436E593 | $10.1M | 6.02% | 517,756 | SH |
| 3 | ISHARES TR | IBTI | 46436E833 | $9.5M | 5.64% | 428,466 | SH |
| 4 | ISHARES TR | IBTJ | 46436E825 | $9.5M | 5.62% | 436,563 | SH |
| 5 | ISHARES TR | IBDS | 46435UAA9 | $8.2M | 4.85% | 336,581 | SH |
| 6 | ISHARES TR | IBTH | 46436E841 | $8.1M | 4.84% | 363,748 | SH |
| 7 | ISHARES TR | IBDT | 46435U515 | $8.1M | 4.82% | 320,900 | SH |
| 8 | ISHARES TR | IBDV | 46436E726 | $8.1M | 4.79% | 369,661 | SH |
| 9 | ISHARES TR | AOR | 464289867 | $7.8M | 4.61% | 111,621 | SH |
| 10 | EXXON MOBIL CORP | XOM | 30231G102 | $7.4M | 4.41% | 54,290 | SH |
| 11 | ISHARES TR | IDEV | 46435G326 | $7.3M | 4.35% | 82,237 | SH |
| 12 | APPLE INC | AAPL | 037833100 | $6.9M | 4.12% | 23,924 | SH |
| 13 | TRIUMPH FINANCIAL INC | TFIN | 89679E300 | $6.8M | 4.06% | 89,525 | SH |
| 14 | ISHARES TR | IUSB | 46434V613 | $6.1M | 3.63% | 132,158 | SH |
| 15 | ISHARES TR | AGG | 464287226 | $5.7M | 3.37% | 57,305 | SH |
| 16 | ISHARES TR | IBDU | 46436E205 | $4.0M | 2.40% | 174,330 | SH |
| 17 | ISHARES INC | IEMG | 46434G103 | $3.0M | 1.78% | 36,233 | SH |
| 18 | ISHARES TR | IBHG | 46436E478 | $2.4M | 1.41% | 107,168 | SH |
| 19 | HIGHPEAK ENERGY INC | HPK | 43114Q105 | $2.3M | 1.39% | 335,023 | SH |
| 20 | ISHARES TR | IBHF | 46436E528 | $2.3M | 1.39% | 103,272 | SH |
| 21 | MICROSOFT CORP | MSFT | 594918104 | $2.3M | 1.39% | 6,251 | SH |
| 22 | VIPER ENERGY INC | VNOM | 64361Q101 | $2.2M | 1.29% | 51,173 | SH |
| 23 | NVIDIA CORPORATION | NVDA | 67066G104 | $2.1M | 1.23% | 10,310 | SH |
| 24 | EOG RES INC | EOG | 26875P101 | $1.5M | 0.88% | 11,388 | SH |
| 25 | ISHARES TR | IBTL | 46436E460 | $1.4M | 0.82% | 68,555 | SH |
| 26 | CULLEN FROST BANKERS INC | CFR | 229899109 | $1.3M | 0.77% | 8,361 | SH |
| 27 | ISHARES TR | IWF | 464287614 | $1.1M | 0.66% | 8,911 | SH |
| 28 | ISHARES TR | ACWI | 464288257 | $1.1M | 0.63% | 6,790 | SH |
| 29 | ISHARES TR | IAGG | 46435G672 | $1.0M | 0.62% | 20,673 | SH |
| 30 | ISHARES TR | AOM | 464289875 | $1.0M | 0.62% | 20,863 | SH |
| 31 | ISHARES TR | IWD | 464287598 | $915.2K | 0.54% | 3,775 | SH |
| 32 | DIAMONDBACK ENERGY INC | FANG | 25278X109 | $896.1K | 0.53% | 5,098 | SH |
| 33 | ISHARES TR | IJH | 464287507 | $884.8K | 0.53% | 11,475 | SH |
| 34 | ISHARES TR | EFA | 464287465 | $838.1K | 0.50% | 8,068 | SH |
| 35 | CHEVRON CORPORATION | CVX | 166764100 | $693.4K | 0.41% | 4,183 | SH |
| 36 | WALMART INC | WMT | 931142103 | $679.6K | 0.40% | 6,000 | SH |
| 37 | ISHARES TR | IWS | 464287473 | $646.7K | 0.38% | 3,929 | SH |
| 38 | ISHARES TR | AOA | 464289859 | $632.4K | 0.38% | 6,479 | SH |
| 39 | CONOCOPHILLIPS | COP | 20825C104 | $581.4K | 0.35% | 5,592 | SH |
| 40 | KIMBELL RTY PARTNERS LP | KRP | 49435R102 | $505.2K | 0.30% | 34,767 | SH |
| 41 | AMAZON COM INC | AMZN | 023135106 | $476.7K | 0.28% | 2,000 | SH |
| 42 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $467.7K | 0.28% | 500 | SH |
| 43 | SHELL PLC | SHEL | 780259305 | $454.0K | 0.27% | 5,855 | SH |
| 44 | ARES CAPITAL CORP | ARCC | 04010L103 | $426.0K | 0.25% | 22,988 | SH |
| 45 | DEVON ENERGY CORP NEW | DVN | 25179M103 | $419.0K | 0.25% | 10,141 | SH |
| 46 | ISHARES TR | IJR | 464287804 | $403.6K | 0.24% | 2,721 | SH |
| 47 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $365.9K | 0.22% | 490 | SH |
| 48 | ISHARES TR | IWO | 464287648 | $340.0K | 0.20% | 863 | SH |
| 49 | ISHARES TR | IWN | 464287630 | $328.0K | 0.20% | 1,483 | SH |
| 50 | ENTERPRISE PRODS PARTNERS L | EPD | 293792107 | $296.2K | 0.18% | 8,059 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $168.2M | 66 | 0002011328-26-000004 |
| 2026-03-31 | 2026-05-15 | $165.6M | 72 | 0002011328-26-000003 |
| 2025-12-31 | 2026-02-12 | $182.4M | 70 | 0002011328-26-000001 |
| 2025-09-30 | 2025-11-13 | $177.4M | 74 | 0002011328-25-000007 |
Filer Information
Address
3200 MOCKINGBIRD LANEBUILDING 7, SUITE 204
MIDLAND, TX 79705
Phone
(432) 282-0251
Filing Manager
EIGHT 31 FINANCIAL, LLC
MIDLAND, TX
Signatory
Dane Crunk
Managing Partner and Chief Compliance Officer