Top Institutional Investors

Navigation Group, LLC — 13F Holdings & Portfolio

CIK 2132497 · latest 13F-HR filed 2026-07-29

Backtest portfolio

Navigation Group, LLC manages $514.1M in 13F-reported U.S. long-equity assets across 121 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPYG (11.00%), VTI (9.55%), SMH (8.37%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 11 new positions and exited 3; 79 existing positions rose in reported value and 12 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
$514.1M

Long-equity book

Holdings
121

Distinct positions

Period
2026-06-30

Filed 2026-07-29

Q/Q Activity
+11 / −3 / ↑79 / ↓12

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
SPYG11.0% · -1%VTI9.5% · -0%SMH8.4% · -3%SPYV6.4% · 0%PULS6.3% · +12%SPTM5.5% · -1%JIRE3.6% · +1%TSLA3.1% · -7%AAPL3.1% · -4%SPDW2.9% · -0%DFAT2.6% · +1%DFAE2.3% · +1%COWZ2.3% · -1%IDEQ2.3% · newIWN2.3% · +0%EMGF1.8% · +3%GOOGL1.4% · -0%XLF1.3% · -1%META1.3% · +1%NVDA1.0% · +12%HFXI1.0% · newVYM1.0% · +1%GOOG0.9% · -6%EFA0.9% · 0%JPM0.9% · 0%VOO0.7% · -3%CVX0.6% · +1%LRCX0.5% · -1%IUSG0.5% · 0%V0.5% · -24%LLY0.4% · +0%ACWX0.4% · +0%IWP0.4% · -1%PWZ0.4% · 0%AVGO0.4% · -9%UAL0.3% · -1%IEFA0.3% · +8%QQQ0.3% · +6%SPMD0.3% · +6%DAL0.3% · +0%TSM0.3% · +0%SPSM0.3% · +6%FCAL0.3% · 0%SPY0.3% · 0%COST0.3% · +2%TER0.3% · 0%MRK0.3% · 0%BAC0.3% · +1%XOM0.2% · +0%LCTU0.2% · +0%IEMG0.2% · +6%ABBV0.2% · +1%IWM0.2% · 0%MSFT0.2% · +1%MDYG0.2% · -3%EELV0.2% · -0%SPCX0.2% · newMA0.2% · +0%HD0.2% · +0%IJR0.2% · -2%

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

2 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 = 59.8%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 26, 2026.

Assets Under Management
$1.01B
Discretionary
$985.8M
Employees
6
Accounts
1,394
Address
3 LAGOON DRIVE
SUITE 110
REDWOOD SHORES, CA 94065
Phone
(650) 595-1700
Website
Name Title / Status Ownership Type
DAVIS, ERIK, SHANNON ControlMANAGING MEMBER
since Apr 1999
25–50%Individual
PANACCIONE, CARLO, ANTHONY ControlMANAGING MEMBER, CHIEF COMPLIANCE OFFICER
since Apr 1999
25–50%Individual
Ownership & leadership changes · 5 filings with changes since Apr 6, 2017

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 26, 2026 filing
  • No longer listedFRANCO, KAREN, KELLER · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2021
  • ChangedPANACCIONE, CARLO, ANTHONY · title MANAGING MEMBER → MANAGING MEMBER, CHIEF COMPLIANCE OFFICER
Mar 29, 2021 filing
  • No longer listedRAMOS, ANITA, MARIE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2018
  • AddedFRANCO, KAREN, KELLER · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Apr 26, 2018 filing
  • AddedRAMOS, ANITA, MARIE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedPANACCIONE, CARLO, ANTHONY · title CHIEF COMPLIANCE OFFICER/MANAGING MEMBER → MANAGING MEMBER
Jun 15, 2017 filing
  • No longer listedWALL, JASON, J · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2017
  • ChangedPANACCIONE, CARLO, ANTHONY · title MANAGING MEMBER → CHIEF COMPLIANCE OFFICER/MANAGING MEMBER
Apr 25, 2017 filing
  • ChangedDAVIS, ERIK, SHANNON · title CO-FOUNDER → MANAGING MEMBER
  • ChangedPANACCIONE, CARLO, ANTHONY · title CO-FOUNDER → MANAGING MEMBER
Apr 6, 2017 filing (earliest on record)
  • ListedDAVIS, ERIK, SHANNON · CO-FOUNDER · 25–50% · control person
  • ListedPANACCIONE, CARLO, ANTHONY · CO-FOUNDER · 25–50% · control person
  • ListedWALL, JASON, J · CHIEF COMPLIANCE OFFICER · Less than 5% · 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 79 →

Top Trims

Show all 12 →

New Positions

Show all 11 →

Exited Positions

Show all 3 →

Navigation Group, 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 SPDR SERIES TRUST SPYG 78464A409 $56.5M 11.00% 475,059 SH
2 VANGUARD INDEX FDS VTI 922908769 $49.1M 9.55% 132,663 SH
3 VANECK ETF TRUST SMH 92189F676 $43.0M 8.37% 65,575 SH
4 SPDR SERIES TRUST SPYV 78464A508 $33.1M 6.44% 544,682 SH
5 PGIM ETF TR PULS 69344A107 $32.6M 6.34% 658,086 SH
6 SPDR SERIES TRUST SPTM 78464A805 $28.0M 5.45% 308,575 SH
7 J P MORGAN EXCHANGE TRADED F JIRE 46641Q134 $18.4M 3.58% 222,982 SH
8 TESLA INC TSLA 88160R101 $16.0M 3.11% 38,017 SH
9 APPLE INC AAPL 037833100 $15.9M 3.10% 55,070 SH
10 SPDR INDEX SHS FDS SPDW 78463X889 $15.0M 2.91% 297,091 SH
11 DIMENSIONAL ETF TRUST DFAT 25434V609 $13.6M 2.65% 194,545 SH
12 DIMENSIONAL ETF TRUST DFAE 25434V302 $11.8M 2.30% 293,615 SH
13 PACER FDS TR COWZ 69374H881 $11.8M 2.29% 188,936 SH
14 LAZARD ACTIVE ETF TR IDEQ 52110K400 $11.7M 2.29% 334,968 SH
15 ISHARES TR IWN 464287630 $11.7M 2.27% 52,829 SH
16 ISHARES INC EMGF 46434G889 $9.4M 1.83% 128,406 SH
17 ALPHABET INC GOOGL 02079K305 $7.1M 1.39% 19,976 SH
18 SELECT SECTOR SPDR TR XLF 81369Y605 $6.9M 1.34% 128,963 SH
19 META PLATFORMS INC META 30303M102 $6.6M 1.28% 11,690 SH
20 NVIDIA CORPORATION NVDA 67066G104 $5.4M 1.05% 26,912 SH
21 NEW YORK LIFE INVESTMENTS ET HFXI 45409B560 $5.0M 0.98% 131,729 SH
22 VANGUARD WHITEHALL FDS VYM 921946406 $5.0M 0.97% 31,706 SH
23 ALPHABET INC GOOG 02079K107 $4.8M 0.94% 13,629 SH
24 ISHARES TR EFA 464287465 $4.8M 0.93% 46,251 SH
25 JPMORGAN CHASE & CO JPM 46625H100 $4.5M 0.87% 13,684 SH
26 VANGUARD INDEX FDS VOO 922908363 $3.5M 0.67% 5,039 SH
27 CHEVRON CORPORATION CVX 166764100 $3.2M 0.63% 19,402 SH
28 LAM RESEARCH CORP LRCX 512807306 $2.8M 0.54% 6,428 SH
29 ISHARES TR IUSG 464287671 $2.4M 0.46% 12,619 SH
30 VISA INC V 92826C839 $2.4M 0.46% 6,872 SH
31 ELI LILLY & CO LLY 532457108 $2.2M 0.43% 1,857 SH
32 ISHARES TR ACWX 464288240 $2.0M 0.39% 26,165 SH
33 ISHARES TR IWP 464287481 $2.0M 0.38% 13,319 SH
34 INVESCO EXCH TRADED FD TR II PWZ 46138E206 $1.9M 0.37% 77,030 SH
35 BROADCOM INC AVGO 11135F101 $1.8M 0.35% 4,793 SH
36 UNITED AIRLS HLDGS INC UAL 910047109 $1.7M 0.34% 12,830 SH
37 ISHARES TR IEFA 46432F842 $1.6M 0.32% 16,893 SH
38 INVESCO QQQ TR QQQ 46090E103 $1.6M 0.31% 2,181 SH
39 SPDR SERIES TRUST SPMD 78464A847 $1.6M 0.31% 23,443 SH
40 DELTA AIR LINES INC DAL 247361702 $1.5M 0.29% 15,958 SH
41 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $1.5M 0.29% 3,097 SH
42 SPDR SERIES TRUST SPSM 78468R853 $1.5M 0.29% 25,578 SH
43 FIRST TR EXCH TRADED FD III FCAL 33739P863 $1.5M 0.29% 29,536 SH
44 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $1.5M 0.28% 1,951 SH
45 COSTCO WHOLESALE CORPORATION COST 22160K105 $1.4M 0.28% 1,525 SH
46 TERADYNE INC TER 880770102 $1.4M 0.28% 2,938 SH
47 MERCK & CO INC MRK 58933Y105 $1.3M 0.26% 10,265 SH
48 BANK OF AMER CORP BAC 060505104 $1.3M 0.25% 22,608 SH
49 EXXON MOBIL CORP XOM 30231G102 $1.2M 0.23% 8,735 SH
50 BLACKROCK ETF TRUST LCTU 09290C509 $1.1M 0.22% 14,220 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-29 $514.1M 121 0002132497-26-000003
2026-03-31 2026-05-05 $427.3M 113 0002132497-26-000002
Filer Information
Address
3 LAGOON DRIVE
SUITE 110
REDWOOD CITY, CA 94065
Phone
(650) 595-1700
Filing Manager
Navigation Group, LLC
REDWOOD CITY, CA
Signatory
Carlo Panaccione
Founder, CEO