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Bulwark Capital Corp — 13F Holdings & Portfolio

CIK 2075899 · latest 13F-HR filed 2026-10-13

Backtest portfolio

Bulwark Capital Corp manages $189.0M in 13F-reported U.S. long-equity assets across 106 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are PULS (11.43%), VTI (10.27%), IVV (7.06%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 7 new positions and exited 6; 29 existing positions rose in reported value and 28 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
$189.0M

Long-equity book

Holdings
106

Distinct positions

Period
2026-09-30

Filed 2026-10-13

Q/Q Activity
+7 / −6 / ↑29 / ↓28

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
PULS11.4% · +13%VTI10.3% · +1%IVV7.1% · +7%SCHP5.3% · +19%JPLD5.0% · -6%VTIP4.7% · +7%VGT3.8% · -1%CLOA3.6% · +35%UYLD3.5% · +1%MSFT2.8% · +2542%JAAA2.6% · +4%CGDV2.6% · -1%XHLF2.2% · -12%XLG2.2% · +0%IUSG2.1% · -1%SCHR2.0% · -56%SGOV1.9% · -44%QQQ1.6% · +18%CGCV1.4% · +1%ITOT1.4% · newSECU1.4% · +13002%VMBS1.2% · -22%JMBS1.2% · +23%IGSB1.1% · +60%FNDX1.1% · -0%TUSI1.0% · newTBLL1.0% · -13%CGXU1.0% · +3%QQQM0.9% · +111%VIG0.8% · 0%DLUX0.8% · newFNDF0.7% · +40%XONE0.7% · -2%ICSH0.7% · -62%AAPL0.7% · +83%SPSB0.5% · +44%VBIL0.5% · +15%SCHG0.5% · -31%DGRW0.5% · -3%VCR0.5% · 0%VYM0.5% · 0%EMXC0.4% · -23%VUSB0.4% · +135%XLF0.4% · 0%VHT0.3% · 0%DEXC0.3% · -26%SPY0.3% · 0%XLI0.2% · 0%VCSH0.2% · -6%IEFA0.2% · 0%ENFR0.2% · 0%SCHD0.2% · -2%VWO0.2% · +495%FRDM0.2% · -48%IHAK0.1% · 0%FLOT0.1% · -73%SPIB0.1% · 0%GLDM0.1% · +1%XLP0.1% · 0%XLK0.1% · 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 = 57.6%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Feb 9, 2026.

Assets Under Management
$147.8M
Discretionary
$147.8M
Employees
2
Accounts
201
Phone
(703) 740-6870
Name Title / Status Ownership Type
JAMES V THOMPSON JR LIVING TRUST DTD 5-5-98 ControlOWNER
since May 2014
75% or moreDomestic Entity
THOMPSON, JAMES, VICTOR ControlPRESIDENT/CHIEF INVESTMENT OFFICER/CCO
since Nov 2005
Less than 5%Individual
THOMPSON, JAMES, VICTOR Control
Indirect owner via JAMES V THOMPSON JR LIVING TRUST DTD 5-5-98
CO-TRUSTEE
since May 1998
General partner, trustee or managerIndividual
THOMPSON, SANDRA, M
Indirect owner via JAMES V THOMPSON JR LIVING TRUST DTD 5-5-98
CO-TRUSTEE
since May 1998
General partner, trustee or managerIndividual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Bulwark Capital Corp 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 PGIM ULTRA SHORT BOND ETF PULS 69344A107 $21.6M 11.43% 437,002 SH
2 VANGUARD MORNINGSTAR TOTAL STOCK MARKET ETF VTI 922908769 $19.4M 10.27% 51,870 SH
3 ISHARES CORE S&P 500 ETF IVV 464287200 $13.3M 7.06% 17,428 SH
4 SCHWAB US TIPS ETF SCHP 808524870 $10.0M 5.29% 397,882 SH
5 JPMORGAN LIMITED DURATION BOND ETF JPLD 46654Q773 $9.5M 5.04% 185,291 SH
6 VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES ETF VTIP 922020805 $8.9M 4.72% 181,301 SH
7 VANGUARD INFORMATION TECHNOLOGY ETF VGT 92204A702 $7.3M 3.85% 57,897 SH
8 ISHARES AAA CLO ACTIVE ETF CLOA 092528504 $6.9M 3.64% 132,666 SH
9 ANGEL OAK ULTRASHORT INCOME ETF UYLD 03463K752 $6.6M 3.47% 129,188 SH
10 MICROSOFT CORP COM MSFT 594918104 $5.3M 2.82% 10,408 SH
11 JANUS HENDERSON AAA CLO ETF JAAA 47103U845 $5.0M 2.63% 98,346 SH
12 CAPITAL GROUP DIVIDEND VALUE ETF CGDV 14020W106 $4.8M 2.56% 99,017 SH
13 BONDBLOXX BLOOMBERG SIX MONTH TARGET DURATION US TREASURY ETF XHLF 09789C788 $4.2M 2.21% 83,236 SH
14 INVESCO S&P 500 TOP 50 ETF XLG 46137V233 $4.1M 2.16% 64,186 SH
15 ISHARES CORE S&P U.S. GROWTH ETF IUSG 464287671 $4.0M 2.12% 20,663 SH
16 SCHWAB INTERMEDIATE-TERM US TREASURY ETF SCHR 808524854 $3.7M 1.98% 158,018 SH
17 ISHARES 0-3 MONTH TREASURY BOND ETF SGOV 46436E718 $3.5M 1.86% 34,923 SH
18 INVESCO QQQ TRUST SERIES I QQQ 46090E103 $3.1M 1.64% 4,192 SH
19 CAPITAL GROUP CONSERVATIVE EQUITY ETF CGCV 14020U100 $2.7M 1.44% 85,023 SH
20 ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF ITOT 464287150 $2.7M 1.40% 15,941 SH
21 ISHARES SECURITIZED INCOME ACTIVE ETF SECU 092528819 $2.6M 1.36% 53,065 SH
22 VANGUARD MORTGAGE-BACKED SECURITIES ETF VMBS 92206C771 $2.2M 1.16% 49,428 SH
23 JANUS HENDERSON MORTGAGE-BACKED SECURITIES ETF JMBS 47103U852 $2.2M 1.15% 51,527 SH
24 ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF IGSB 464288646 $2.2M 1.15% 42,423 SH
25 SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF FNDX 808524771 $2.0M 1.06% 63,919 SH
26 TOUCHSTONE ULTRA SHORT INCOME ETF TUSI 89157W301 $2.0M 1.05% 78,538 SH
27 INVESCO SHORT TERM TREASURY ETF TBLL 46138G888 $2.0M 1.03% 18,524 SH
28 CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF CGXU 14019W109 $1.8M 0.96% 53,008 SH
29 INVESCO NASDAQ 100 ETF QQQM 46138G649 $1.7M 0.88% 5,473 SH
30 VANGUARD DIVIDEND APPRECIATION ETF VIG 921908844 $1.5M 0.80% 6,485 SH
31 DOUBLELINE ULTRASHORT INCOME ETF DLUX 25861R873 $1.5M 0.77% 29,261 SH
32 SCHWAB FUNDAMENTAL INTERNATIONAL EQUITY ETF FNDF 808524755 $1.4M 0.75% 26,250 SH
33 BONDBLOXX BLOOMBERG ONE YEAR TARGET DURATION US TREASURY ETF XONE 09789C861 $1.3M 0.69% 26,379 SH
34 ISHARES ULTRA SHORT DURATION BOND ACTIVE ETF ICSH 46434V878 $1.3M 0.68% 25,456 SH
35 APPLE INC COM AAPL 037833100 $1.3M 0.68% 3,837 SH
36 STATE STREET SPDR PORTFOLIO SHORT TERM CORPORATE BOND ETF SPSB 78464A474 $974.4K 0.52% 32,931 SH
37 VANGUARD 0-3 MONTH TREASURY BILL ETF VBIL 922040845 $937.1K 0.50% 12,376 SH
38 SCHWAB U.S. LARGE-CAP GROWTH ETF SCHG 808524300 $931.4K 0.49% 25,922 SH
39 WISDOMTREE US QUALITY DIVIDEND GROWTH FUND DGRW 97717X669 $930.8K 0.49% 9,572 SH
40 VANGUARD CONSUMER DISCRETIONARY ETF VCR 92204A108 $891.6K 0.47% 2,445 SH
41 VANGUARD HIGH DIVIDEND YIELD INDEX ETF VYM 921946406 $850.7K 0.45% 5,481 SH
42 ISHARES MSCI EMERGING MARKETS EX CHINA ETF EMXC 46434G764 $837.6K 0.44% 8,454 SH
43 VANGUARD ULTRA-SHORT BOND ETF VUSB 92203C303 $733.6K 0.39% 14,806 SH
44 STATE STREET FINANCIAL SELECT SECTOR SPDR ETF XLF 81369Y605 $730.5K 0.39% 13,680 SH
45 VANGUARD HEALTH CARE ETF VHT 92204A504 $637.5K 0.34% 2,017 SH
46 DIMENSIONAL EMERGING MARKETS EX CHINA CORE EQUITY ETF DEXC 25434V534 $526.0K 0.28% 6,600 SH
47 STATE STREET SPDR S&P 500 ETF SPY 78462F103 $492.8K 0.26% 646 SH
48 STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF XLI 81369Y704 $469.2K 0.25% 2,810 SH
49 VANGUARD SHORT-TERM CORPORATE BOND ETF VCSH 92206C409 $447.4K 0.24% 5,792 SH
50 ISHARES CORE MSCI EAFE ETF IEFA 46432F842 $317.3K 0.17% 3,275 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-13 $189.0M 106 0002075899-26-000004
2026-06-30 2026-07-06 $177.7M 105 0002075899-26-000003
2026-03-31 2026-04-07 $162.2M 100 0002075899-26-000002
2025-12-31 2026-01-12 $140.6M 96 0002075899-26-000001
Filer Information
Address
10 CRANE ISLAND DR
FERNANDINA BEACH, FL 32034
Phone
(703) 740-6870
Filing Manager
Bulwark Capital Corp
FERNANDINA BEACH, FL
Signatory
JAMES V THOMPSON JR.
President