Top Institutional Investors

FSA Investment Group, LLC — 13F Holdings & Portfolio

CIK 2051584 · latest 13F-HR filed 2026-10-07

Backtest portfolio

FSA Investment Group, LLC manages $314.1M in 13F-reported U.S. long-equity assets across 42 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SCHX (38.96%), VBIL (19.20%), RSP (15.59%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 11 new positions and exited 16; 15 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.

Loading holdings…
AUM
$314.1M

Long-equity book

Holdings
42

Distinct positions

Period
2026-09-30

Filed 2026-10-07

Q/Q Activity
+11 / −16 / ↑15 / ↓11

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
SCHX39.0% · +0%VBIL19.2% · -10%RSP15.6% · +3%AVDE4.9% · +8%IEMG3.7% · +9%USDU2.0% · +281%GLD1.4% · newSCHP1.2% · +247%VTHR1.2% · +11%MAGS0.9% · +81%XLE0.9% · +22%PFIX0.8% · +36%SMH0.8% · +59%BINC0.8% · -13%UUP0.7% · newPDBC0.7% · -40%AGG0.7% · +23%VXUS0.7% · +11%XLV0.5% · newIBIT0.5% · newAAPL0.5% · -20%QQQ0.3% · newNVDA0.3% · -53%ETHA0.3% · newMSFT0.2% · +6%QYLD0.2% · newTIP0.2% · +20%SDCI0.2% · newBOND0.2% · +1%VWO0.2% · +0%AMZN0.1% · -48%GOOGL0.1% · +46%XAR0.1% · +4%VTI0.1% · +0%AVGO0.1% · -76%O0.1% · +1%GOOG0.1% · -63%META0.1% · -27%XOM0.1% · -69%USRT0.1% · +14%MU0.1% · newSCHD0.1% · new

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 = 89.2%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated May 27, 2026.

Assets Under Management
$761.8M
Discretionary
$736.4M
Employees
12
Accounts
124
Address
212 SOUTH ALCANIZ STREET
PENSACOLA, FL 32502
Phone
(850) 696-1550
Website
Name Title / Status Ownership Type
HOSMAN, JOHNATHAN, DAVID ControlMANAGING MEMBER
since Oct 2019
25–50%Individual
LOWREY, NANCY, MCGHEE ControlMEMBER/INVESTMENT ADVISOR REPRESENTATIVE
since Mar 2012
50–75%Individual
WEBB, JAMES, ANDREW ControlMEMBER/CHIEF INVESTMENT OFFICER
since Jan 2023
10–25%Individual
WELLS, JAMES, RANDALL ControlMEMBER/INVESTMENT ADVISOR REPRESENTATIVE
since Apr 2022
10–25%Individual
DURHAM, MATTHEW, CHRISTOPHERCHIEF COMPLIANCE OFFICER, COO
since Jan 2025
Less than 5%Individual
Ownership & leadership changes · 16 filings with changes since Apr 5, 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.

Mar 20, 2026 filing
  • No longer listedChenevey, Elke, Winona · MEMBER/INVESTMENT ADVISOR REPRESENTATIVE · 5–10% · listed since Apr 2022
Feb 3, 2025 filing
  • AddedDURHAM, MATTHEW, CHRISTOPHER · CHIEF COMPLIANCE OFFICER, COO · Less than 5%
  • ChangedWEBB, JAMES, ANDREW · title MEMBER/CHIEF INVESTMENT OFFICER/CHIEF COMPLIANCE OFFICER → MEMBER/CHIEF INVESTMENT OFFICER
Jan 10, 2025 filing
  • ChangedWEBB, JAMES, ANDREW · ownership 5–10% → 10–25%
Jul 24, 2023 filing
  • ChangedWEBB, JAMES, ANDREW · title MEMBER/CHIEF INVESTMENT OFFICER → MEMBER/CHIEF INVESTMENT OFFICER/CHIEF COMPLIANCE OFFICER
  • ChangedWELLS, JAMES, RANDALL · title CHIEF COMPLIANCE OFFICER → MEMBER/INVESTMENT ADVISOR REPRESENTATIVE
Mar 1, 2023 filing
  • AddedWEBB, JAMES, ANDREW · MEMBER/CHIEF INVESTMENT OFFICER · 5–10% · control person
Apr 21, 2022 filing
  • AddedChenevey, Elke, Winona · MEMBER/INVESTMENT ADVISOR REPRESENTATIVE · 5–10%
  • AddedWELLS, JAMES, RANDALL · CHIEF COMPLIANCE OFFICER · 10–25% · control person
  • ChangedHOSMAN, JOHNATHAN, DAVID · title CHIEF OPERATIONS OFFICER AND CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
  • ChangedLOWREY, NANCY, MCGHEE · title MANAGING MEMBER → MEMBER/INVESTMENT ADVISOR REPRESENTATIVE; ownership 75% or more → 50–75%
Feb 8, 2022 filing
  • No longer listedALEXANDER, MICHEAL, JAMES · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2019
  • ChangedHOSMAN, JOHNATHAN, DAVID · title CHIEF OPERATIONS OFFICER → CHIEF OPERATIONS OFFICER AND CHIEF COMPLIANCE OFFICER; ownership 10–25% → 25–50%
Oct 31, 2019 filing
  • No longer listedFULLER, TAYLOR, M. · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Dec 2016
  • AddedALEXANDER, MICHEAL, JAMES · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedHOSMAN, JOHNATHAN, DAVID · title CHIEF INVESTMENT OFFICER AND CHIEF FINANCIAL OFFICER / MEMBER → CHIEF OPERATIONS OFFICER
Mar 15, 2018 filing
  • No longer listedFSA ACQUISITION, LLC · OPTION HOLDER · 10–25% · control person · listed since May 2015
  • No longer listedGUPTA, SUNIL · OWNER · 75% or more · indirect via THE SUNIL GUPTA 2016 IRREVOCABLE TRUST · control person · listed since Feb 2016
  • No longer listedHYNEK, ERIN, THOMAS · CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Mar 2012
  • No longer listedSUNLISANT III, LLC · OWNER · 75% or more · indirect via FSA ACQUISITION, LLC · control person · listed since Jun 2015
  • No longer listedTHE SUNIL GUPTA 2016 IRREVOCABLE TRUST · OWNER · 75% or more · indirect via SUNLISANT III, LLC · control person · listed since Mar 2014
  • No longer listedWASDIN, BRIDGET, MICHELLE · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Jun 2014
  • ChangedHOSMAN, JOHNATHAN, DAVID · title MEMBER → CHIEF INVESTMENT OFFICER AND CHIEF FINANCIAL OFFICER / MEMBER
Dec 12, 2016 filing
  • AddedFULLER, TAYLOR, M. · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedWASDIN, BRIDGET, MICHELLE · title CHIEF FINANCIAL OFFICER & CHIEF COMPLIANCE OFFICER → CHIEF FINANCIAL OFFICER
Older changes (7 more filings)
Mar 29, 2016 filing
  • AddedFSA ACQUISITION, LLC · OPTION HOLDER · 10–25% · control person
  • AddedGUPTA, SUNIL · OWNER · 75% or more · indirect via THE SUNIL GUPTA 2016 IRREVOCABLE TRUST · control person
  • AddedSUNLISANT III, LLC · OWNER · 75% or more · indirect via FSA ACQUISITION, LLC · control person
  • AddedTHE SUNIL GUPTA 2016 IRREVOCABLE TRUST · OWNER · 75% or more · indirect via SUNLISANT III, LLC · control person
Jun 30, 2015 filing
  • ChangedHOSMAN, JOHNATHAN, DAVID · title CHIEF OPERATIONS OFFICER → MEMBER
  • ChangedLOWREY, NANCY, MCGHEE · title CHIEF EXECUTIVE OFFICER → MANAGING MEMBER
Mar 31, 2015 filing
  • ChangedHOSMAN, JOHNATHAN, DAVID · title CHIEF FINANCIAL OFFICER → CHIEF OPERATIONS OFFICER
  • ChangedWASDIN, BRIDGET, MICHELLE · title CHIEF OPERATIONS OFFICER & CHIEF COMPLIANCE OFFICER → CHIEF FINANCIAL OFFICER & CHIEF COMPLIANCE OFFICER
Sep 19, 2014 filing
  • ChangedHYNEK, ERIN, THOMAS · title CHIEF COMPLIANCE OFFICER → CHIEF INVESTMENT OFFICER
  • ChangedWASDIN, BRIDGET, MICHELLE · title CHIEF OPERATIONS OFFICER → CHIEF OPERATIONS OFFICER & CHIEF COMPLIANCE OFFICER
Sep 5, 2013 filing
  • AddedWASDIN, BRIDGET, MICHELLE · CHIEF OPERATIONS OFFICER · Less than 5% · control person
Apr 1, 2013 filing
  • ChangedHOSMAN, JOHNATHAN, DAVID · title CHIEF OPERATING OFFICER → CHIEF FINANCIAL OFFICER
Apr 5, 2012 filing (earliest on record)
  • ListedHOSMAN, JOHNATHAN, DAVID · CHIEF OPERATING OFFICER · 10–25% · control person
  • ListedHYNEK, ERIN, THOMAS · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedLOWREY, NANCY, MCGHEE · CHIEF EXECUTIVE 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.

FSA Investment Group, 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 SCHWAB STRATEGIC TR SCHX 808524201 $122.4M 38.96% 4,079,255 SH
2 VANGUARD INSTL INDEX FD VBIL 922040845 $60.3M 19.20% 796,647 SH
3 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $49.0M 15.59% 235,434 SH
4 AMERICAN CENTY ETF TR AVDE 025072703 $15.5M 4.93% 171,952 SH
5 ISHARES INC IEMG 46434G103 $11.6M 3.68% 142,344 SH
6 WISDOMTREE TR USDU 97717W471 $6.4M 2.05% 238,285 SH
7 SPDR GOLD TR GLD 78463V107 $4.4M 1.39% 11,425 SH
8 SCHWAB STRATEGIC TR SCHP 808524870 $3.9M 1.25% 156,189 SH
9 VANGUARD SCOTTSDALE FDS VTHR 92206C599 $3.7M 1.18% 11,085 SH
10 LISTED FDS TR MAGS 53656G498 $3.0M 0.95% 41,570 SH
11 SELECT SECTOR SPDR TR XLE 81369Y506 $2.8M 0.89% 45,463 SH
12 SIMPLIFY EXCHANGE TRADED FUN PFIX 82889N855 $2.6M 0.83% 41,485 SH
13 VANECK ETF TRUST SMH 92189F676 $2.5M 0.79% 4,080 SH
14 BLACKROCK ETF TRUST II BINC 092528603 $2.4M 0.78% 48,199 SH
15 INVESCO DB US DLR INDEX TR UUP 46141D203 $2.3M 0.74% 81,202 SH
16 INVESCO ACTVELY MNGD ETC FD PDBC 46090F100 $2.2M 0.69% 111,597 SH
17 ISHARES TR AGG 464287226 $2.1M 0.66% 22,084 SH
18 VANGUARD STAR FDS VXUS 921909768 $2.0M 0.65% 24,084 SH
19 SELECT SECTOR SPDR TR XLV 81369Y209 $1.7M 0.53% 9,961 SH
20 ISHARES BITCOIN TRUST ETF IBIT 46438F101 $1.6M 0.50% 32,935 SH
21 APPLE INC AAPL 037833100 $1.4M 0.46% 4,342 SH
22 INVESCO QQQ TR QQQ 46090E103 $1.0M 0.33% 1,404 SH
23 NVIDIA CORPORATION NVDA 67066G104 $1.0M 0.32% 4,419 SH
24 ISHARES ETHEREUM TR ETHA 46438R105 $855.0K 0.27% 42,495 SH
25 MICROSOFT CORP MSFT 594918104 $762.7K 0.24% 1,487 SH
26 GLOBAL X FDS QYLD 37954Y483 $761.2K 0.24% 41,037 SH
27 ISHARES TR TIP 464287176 $608.4K 0.19% 5,848 SH
28 USCF ETF TR SDCI 90290T809 $597.0K 0.19% 19,136 SH
29 PIMCO ETF TR BOND 72201R775 $588.7K 0.19% 6,767 SH
30 VANGUARD INTL EQUITY INDEX F VWO 922042858 $516.5K 0.16% 8,709 SH
31 AMAZON COM INC AMZN 023135106 $449.2K 0.14% 1,803 SH
32 ALPHABET INC GOOGL 02079K305 $379.9K 0.12% 1,104 SH
33 SPDR SERIES TRUST XAR 78464A631 $327.4K 0.10% 1,416 SH
34 VANGUARD INDEX FDS VTI 922908769 $310.9K 0.10% 831 SH
35 BROADCOM INC AVGO 11135F101 $309.8K 0.10% 882 SH
36 REALTY INCOME CORP O 756109104 $302.3K 0.10% 5,567 SH
37 ALPHABET INC GOOG 02079K107 $299.9K 0.10% 880 SH
38 META PLATFORMS INC META 30303M102 $297.3K 0.09% 410 SH
39 EXXONMOBIL HOLDINGS CORP XOM 30233Q108 $293.3K 0.09% 1,802 SH
40 ISHARES TR USRT 464288521 $231.2K 0.07% 3,754 SH
41 MICRON TECHNOLOGY INC MU 595112103 $227.9K 0.07% 214 SH
42 SCHWAB STRATEGIC TR SCHD 808524797 $201.0K 0.06% 6,178 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-07 $314.1M 42 0002085853-26-001101
2026-06-30 2026-07-20 $307.9M 47 0002085853-26-000764
2026-03-31 2026-04-22 $248.4M 45 0002085853-26-000453
2025-12-31 2026-01-13 $164.0M 38 0002085853-26-000030
Filer Information
Address
212 SOUTH ALCANIZ ST
PENSACOLA, FL 32502
Phone
(850) 696-1550
Filing Manager
FSA Investment Group, LLC
Pensacola, FL
Signatory
Matthew Durham
CCO