Mason & Associates, LLC

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CIK 1895045

13F portfolio (2026-Q1)

$437M

Positions

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

Top 5

76.2%

Top 10

91.1%

Effective N

5.1

HHI

0.194

This quarter

6 new · 0 exit →

By sector

Unclassified98.3%

Utilities0.5%

Information Technology0.5%

Industrials0.3%

Financials0.2%

Consumer Discretionary0.1%

Energy0.1%

Health Care0.0%

By market cap

Unknown98.3%

Large ($10–200B)1.1%

Mega (>$200B)0.7%

By region

Other98.3%

North America1.7%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	98.35%	31
Utilities	0.52%	3
Technology Hardware & Equipment	0.48%	2
Road & Rail	0.22%	2
Banks	0.16%	2
Hotels, Restaurants & Leisure	0.12%	1
Oil, Gas & Consumable Fuels	0.06%	1
Aerospace & Defense	0.05%	1
Pharmaceuticals & Biotechnology	0.05%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	IUSB	ISHARES TR	Unclassified	30.64%
2	VV	VANGUARD INDEX FDS	Unclassified	29.36%
3	PYLD	PIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND	Unclassified	5.92%
4	DYNF	BLACKROCK ETF TRUST	Unclassified	5.15%
5	VO	VANGUARD INDEX FDS	Unclassified	5.14%
6	IAGG	ISHARES TR	Unclassified	4.20%
7	SPDW	SPDR INDEX SHS FDS	Unclassified	4.01%
8	VB	VANGUARD INDEX FDS	Unclassified	2.75%
9	AVDE	AMERICAN CENTY ETF TR	Unclassified	2.56%
10	SPEM	SPDR INDEX SHS FDS	Unclassified	1.35%

14/44 names classified · sector 1.7% of weight · industry 1.7% · mkt cap 1.7%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 9 quarters

Information TechnologyAAPL, AVGO, NVDA, MSFT, DELL · other

Real EstateIRM, O

Consumer DiscretionaryHMC, AMZN, STLA, MCD

UtilitiesD, KMI, DUK, SO

IndustrialsSWK, CSX, UPS, DHI, LMT

FinancialsPNC, HSBC, BRK.B, TFC, JPM

MaterialsGLW, APD, PG

Health CareNVS, VTRS, AMGN, BMY

Communication ServicesGOOGL, VZ

Consumer StaplesPEP, PM

Energy

UnclassifiedVV, IUSB, VO, PYLD, SPY · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 1.7% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 2% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (13 classified)Mason & Associates, LLC centroid (Large Core)

UtilitiesInformation TechnologyIndustrialsFinancialsConsumer DiscretionaryEnergyHealth Care

Style box summary for Mason & Associates, LLC: centroid Large Core. Heaviest cells: Large Value 0.5%, Large Growth 0.4%, Large Core 0.3%.

Classified: 1.7% of book weight (13/44 names) · unclassified 98.3%: IUSB, VV, PYLD, DYNF, VO, IAGG, SPDW, VB, AVDE, SPEM +21 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 44 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	IUSBISHARES TR	2,897,250	$134M	30.6%	ADD 2%
2	VVVANGUARD INDEX FDS	429,065	$128M	29.4%	HOLD
3	PYLDPIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND	986,924	$26M	5.9%	ADD 2%
4	DYNFBLACKROCK ETF TRUST	386,256	$22M	5.1%	HOLD
5	VOVANGUARD INDEX FDS	78,207	$22M	5.1%	HOLD
6	IAGGISHARES TR	366,684	$18M	4.2%	ADD 5%
7	SPDWSPDR INDEX SHS FDS	383,909	$18M	4.0%	TRIM −4%
8	VBVANGUARD INDEX FDS	45,904	$12M	2.8%	HOLD
9	AVDEAMERICAN CENTY ETF TR	131,557	$11M	2.6%	TRIM −5%
10	SPEMSPDR INDEX SHS FDS	125,388	$6M	1.3%	HOLD
11	IVWISHARES TR	34,750	$4M	0.9%	HOLD
12	VTEBVANGUARD MUN BD FDS	75,648	$4M	0.9%	ADD 9%
13	IVVISHARES TR	5,661	$4M	0.8%	HOLD
14	SPYSTATE STR SPDR S&P 500 ETF T	5,525	$4M	0.8%	HOLD
15	IWLIShares - Russell 200 Index ETF	17,863	$3M	0.7%	HOLD
16	SCHBSCHWAB STRATEGIC TR	97,029	$2M	0.6%	HOLD
17	MINOPIMCO ETF TR	46,823	$2M	0.5%	ADD 11%
18	AAPLAPPLE INC	7,386	$2M	0.4%	HOLD
19	IWYISHARES TR	6,932	$2M	0.4%	HOLD
20	IVEISHARES TR	6,451	$1M	0.3%	TRIM −2%
21	DDOMINION ENERGY INC	20,159	$1M	0.3%	HOLD
22	IWRISHARES TR	10,235	$995,149	0.2%	HOLD
23	DFAUDIMENSIONAL ETF TRUST	16,909	$762,934	0.2%	NEW
24	SOSOUTHERN CO	7,132	$688,381	0.2%	NEW
25	CSXCSX CORP	16,521	$678,187	0.2%	HOLD
26	SCHXSCHWAB U.S. LARGE-CAP ETF	25,569	$655,589	0.2%	HOLD
27	VTIVANGUARD INDEX FDS	1,900	$609,539	0.1%	HOLD
28	IWVISHARES TR	1,462	$541,934	0.1%	HOLD
29	VUGVANGUARD INDEX FDS	1,231	$537,688	0.1%	HOLD
30	MCDMCDONALDS CORP	1,649	$512,493	0.1%	NEW
31	TFCTRUIST FINL CORP	10,142	$466,228	0.1%	HOLD
32	MGCVanguard Mega Cap ETF	1,830	$432,521	0.1%	TRIM −4%
33	VTVVANGUARD INDEX FDS	2,028	$397,894	0.1%	TRIM −2%
34	BRK.BBERKSHIRE HATHAWAY INC DEL	823	$394,382	0.1%	ADD 9%
35	DUKDUKE ENERGY CORP NEW	2,672	$349,872	0.1%	HOLD
36	IWPISHARES TR	2,675	$342,721	0.1%	HOLD
37	MGKVanguard Mega Cap Growth ETF	855	$314,161	0.1%	HOLD
38	UPSUNITED PARCEL SERVICE INC	2,690	$264,642	0.1%	HOLD
39	XOMEXXON MOBIL CORP	1,514	$256,865	0.1%	NEW
40	LMTLOCKHEED MARTIN CORP	383	$231,481	0.1%	NEW
41	IBMINTERNATIONAL BUSINESS MACHS	932	$225,907	0.1%	HOLD
42	JPMJPMORGAN CHASE & CO	744	$218,855	0.1%	HOLD
43	VOOVANGUARD INDEX FDS	362	$216,313	0.0%	ADD 6%
44	BMYBRISTOL-MYERS SQUIBB CO	3,403	$206,392	0.0%	NEW

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

IUSBISHARES TR

2.6M

2.7M

2.4M

2.8M

2.9M

$134M

VVVANGUARD INDEX FDS

436K

425K

472K

426K

429K

$128M

PYLDPIMCO MULTISECTOR BOND ACTIVE EXCHANGE-TRADED FUND

—

592K

806K

964K

987K

$26M

DYNFBLACKROCK ETF TRUST

—

393K

384K

386K

$22M

VOVANGUARD INDEX FDS

73K

72K

80K

77K

78K

$22M

IAGGISHARES TR

303K

316K

300K

351K

367K

$18M

SPDWSPDR INDEX SHS FDS

363K

399K

402K

400K

384K

$18M

VBVANGUARD INDEX FDS

41K

49K

47K

46K

$12M

AVDEAMERICAN CENTY ETF TR

—

139K

132K

$11M

SPEMSPDR INDEX SHS FDS

110K

124K

130K

127K

125K

$6M

IVWISHARES TR

38K

35K

$4M

VTEBVANGUARD MUN BD FDS

136K

108K

76K

70K

76K

$4M

IVVISHARES TR

$4M

SPYSTATE STR SPDR S&P 500 ETF T

$4M

IWLIShares - Russell 200 Index ETF

21K

19K

18K

$3M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆Mason & Associates, LLC