SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Phraction Management LLC

CIK 0001907803 · 139 S. MAIN ST, SUITE 2, COLCHESTER, CT, 06415 · 8605319590

Reported Value
$212M
Q3 2023
Positions
50
Filings on Record
18
2019–present window
Filed
Nov 8, 2023
original filing

Summary

Phraction Management LLC reported $212M in U.S.-listed holdings across 50 positions for Q3 2023.

Its largest position, MSFT, represents 7.7% of the portfolio.

Compared with Q2 2023, the fund opened 5 new positions and exited 1.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+54.2%
share of reported value
Largest Position
+7.7%
Microsoft
New / Exited
5 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $165MQ4 ’21Q1 ’22: $174MQ2 ’22: $152MQ3 ’22: $132MQ3 ’22Q4 ’22: $152MQ1 ’23: $174MQ2 ’23: $203MQ2 ’23Q3 ’23: $212MQ4 ’23: $242MQ1 ’24: $260MQ1 ’24Q2 ’24: $274MQ3 ’24: $283MQ4 ’24: $285MQ4 ’24Q1 ’25: $299MQ2 ’25: $313MQ3 ’25: $346MQ3 ’25Q4 ’25: $375MQ1 ’26: $483Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 83.8%PUBLIC: 8.4%REIT: 2.4%ADR: 1.7%ETP: 1.4%Other: 2.4%
  • Common Stock · 83.8% · $178M
  • PUBLIC · 8.4% · $18M
  • REIT · 2.4% · $5M
  • ADR · 1.7% · $4M
  • ETP · 1.4% · $3M
  • Other · 2.4% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABRARBOR REALTY TRUST INCNEW+330.0K330.0K+$5M$5M
NOCNORTHROP GRUMMAN CORPNEW+1.5K1.5K+$676,572$676,572
TECK/BTECK RESOURCES LTDNEW+9.7K9.7K+$417,973$417,973
HHHHOWARD HUGHES HOLDINGS INCNEW+4.5K4.5K+$333,585$333,585
VLTOVERALTO CORPNEW+2.4K2.4K+$206,496$206,496
TDYTELEDYNE TECHNOLOGIES INCADDED+3.4K5.6K+$1M$2M
DISDISNEY WALT COSOLD OUT−4.5K0−$400,332$0
RTXRTX CORPORATIONADDED+56.3K121.6K+$2M$9M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BACBANK AMERICA CORP7.25%CNV PFD L · COM8.31%$18M222.2K
2MSFTMICROSOFT CORPhistory →COM7.73%$16M51.9K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C7.72%$16M124.6K
4AMZNAMAZON COM INChistory →COM7.08%$15M118.1K
5HONGBPHONEYWELL INTL INChistory →COM5.73%$12M65.7K
6ADIANALOG DEVICES INChistory →COM5.48%$12M66.4K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW5.23%$11M31.7K
8TMOTHERMO FISHER SCIENTIFIC INChistory →COM4.94%$10M20.7K
9RTXRTX CORPORATIONhistory →COM4.13%$9M121.6K
10SPGIS&P GLOBAL INChistory →COM3.89%$8M22.6K
11DHRDANAHER CORPORATIONhistory →COM3.47%$7M29.7K
124I1PHILIP MORRIS INTL INChistory →COM3.45%$7M78.9K
13BDXBECTON DICKINSON & COhistory →COM3.14%$7M25.7K
14WELLS FARGO CO NEWPERP PFD CNV A2.81%$6M5.3K
15TXNTEXAS INSTRS INChistory →COM2.80%$6M37.3K
16VVISA INChistory →COM CL A2.53%$5M23.3K
17WMBWILLIAMS COS INChistory →COM2.37%$5M148.9K
18ICEINTERCONTINENTAL EXCHANGE INhistory →COM2.32%$5M44.7K
19ADSKAUTODESK INChistory →COM1.69%$4M17.3K
20AMATAPPLIED MATLS INChistory →COM1.53%$3M23.4K
21DGEDDIAGEO PLChistory →SPON ADR NEW1.45%$3M20.6K
22LINDE PLCSHS1.23%$3M7.0K
23TDYTELEDYNE TECHNOLOGIES INChistory →COM1.08%$2M5.6K
24SPROTT PHYSICAL GOLD TRUNIT0.96%$2M142.4K
25ADBEADOBE INCCOM0.79%$2M3.3K
26UNPUNION PAC CORPCOM0.71%$2M7.4K
27SYKSTRYKER CORPORATIONCOM0.48%$1M3.7K
28VANECK ETF TRUSTMRNGSTR WDE MOAT · GOLD MINERS ETF0.46%$975,56517.7K
29LRCXEURLAM RESEARCH CORPCOM0.46%$972,1201.6K
30METAMETA PLATFORMS INCCL A0.37%$782,0472.6K
31INVESCO EXCHANGE TRADED FD TS&P 500 GARP ETF0.33%$702,5487.7K
32AAPLAPPLE INCCOM0.32%$682,7854.0K
33NOCNORTHROP GRUMMAN CORPCOM0.32%$676,5721.5K
34CPCANADIAN PACIFIC KANSAS CITYCOM0.25%$537,0917.2K
35AESAES CORPCOM0.24%$506,37333.3K
36VANGUARD INTL EQUITY INDEX FALLWRLD EX US0.23%$492,7659.5K
37ISHARES TRU.S. MED DVC ETF0.23%$485,77610.0K
38HDHOME DEPOT INCCOM0.23%$481,0391.6K
39FMXFOMENTO ECONOMICO MEXICANO SSPON ADR UNITS0.20%$429,3963.9K
40TECK/BTECK RESOURCES LTDCL B0.20%$417,9739.7K
41HHHHOWARD HUGHES HOLDINGS INCCOM0.16%$333,5854.5K
42DBX ETF TRXTRACK HRVST CSI0.15%$314,98112.1K
43REGNREGENERON PHARMACEUTICALSCOM0.14%$302,026367
44NRGXEURPIMCO ENERGY & TACTICAL CR OCOM SHS BEN INT0.14%$296,87515.0K
45VLTOVERALTO CORPCOM SHS0.10%$206,4962.4K
46SUPER GROUP SGHC LIMITEDORD SHS0.08%$167,36045.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$483M65Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$375M67Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$346M66Oct 9, 202513F-HRchanges · EDGAR ↗
Q2 2025$313M73Jul 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$299M74Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$285M71Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$283M69Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$274M67Aug 1, 202413F-HRchanges · EDGAR ↗
Q1 2024$260M63May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$242M52Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$212M50Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$203M46Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$174M45Apr 28, 202313F-HRchanges · EDGAR ↗
Q4 2022$152M46Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$132M48Nov 2, 202213F-HRchanges · EDGAR ↗
Q2 2022$152M64Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$174M65May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$165M69Feb 3, 202213F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.