SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Phraction Management LLC

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

Reported Value
$346M
Q3 2025
Positions
66
Filings on Record
18
2019–present window
Filed
Oct 9, 2025
original filing

Summary

Phraction Management LLC reported $346M in U.S.-listed holdings across 66 positions for Q3 2025.

Its largest position, MSFT, represents 8.8% of the portfolio.

Compared with Q2 2025, the fund opened 3 new positions and exited 10.

Portfolio Metrics

Turnover
+5.5%
vs prior filed quarter
Top-10 Concentration
+51.3%
share of reported value
Largest Position
+8.8%
Microsoft
New / Exited
3 / 10
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: 84.0%PUBLIC: 5.5%Other: 5.3%ETP: 3.3%Closed-End Fund: 1.9%Other: 0.1%
  • Common Stock · 84.0% · $291M
  • PUBLIC · 5.5% · $19M
  • Other · 5.3% · $18M
  • ETP · 3.3% · $11M
  • Closed-End Fund · 1.9% · $7M
  • Other · 0.1% · $388,010

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SNPSSYNOPSYS INCNEW+12.9K12.9K+$6M$6M
VANECK ETF TRUSTNEW+8.2K8.2K+$208,595$208,595
REGNREGENERON PHARMACEUTICALSNEW+367367+$206,353$206,353
ASML HOLDING N VADDED+10.6K14.3K+$11M$14M
AKXANSYS INCSOLD OUT−18.5K0−$6M$0
AVTRAVANTOR INCSOLD OUT−77.6K0−$1M$0
ELLAUDER ESTEE COS INCSOLD OUT−9.4K0−$758,793$0
ADBEADOBE INCSOLD OUT−1.7K0−$670,463$0

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

Holdings — Q3 2025

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INCCAP STK CL A · CAP STK CL C10.29%$36M146.6K
2MSFTMICROSOFT CORPhistory →COM8.77%$30M58.6K
3AMZNAMAZON COM INChistory →COM7.74%$27M122.2K
4BACBANK AMERICA CORP7.25%CNV PFD L · COM6.43%$22M186.0K
5ADIANALOG DEVICES INChistory →COM4.85%$17M68.3K
6TMOTHERMO FISHER SCIENTIFIC INChistory →COM4.34%$15M31.0K
7ASML HOLDING N VN Y REGISTRY SHS3.99%$14M14.3K
8DHRDANAHER CORPORATIONhistory →COM3.77%$13M65.8K
9HONGBPHONEYWELL INTL INChistory →COM3.71%$13M61.1K
10RTXRTX CORPORATIONhistory →COM3.34%$12M69.1K
11SPGIS&P GLOBAL INChistory →COM3.25%$11M23.2K
12ENQENTEGRIS INChistory →COM2.87%$10M107.4K
13BDXBECTON DICKINSON & COhistory →COM2.59%$9M48.0K
14BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.57%$9M17.7K
15WMBWILLIAMS COS INChistory →COM2.02%$7M110.6K
16SPROTT ASSET MANAGEMENT LPPHYSICAL GOLD TR1.90%$7M222.4K
17SNPSSYNOPSYS INChistory →COM1.84%$6M12.9K
184I1PHILIP MORRIS INTL INChistory →COM1.76%$6M37.6K
19VVISA INChistory →COM CL A1.75%$6M17.8K
20ICEINTERCONTINENTAL EXCHANGE INhistory →COM1.75%$6M36.0K
21TXNTEXAS INSTRS INChistory →COM1.75%$6M32.9K
22TDYTELEDYNE TECHNOLOGIES INChistory →COM1.72%$6M10.2K
23WELLS FARGO CO NEWPERP PFD CNV A1.66%$6M4.7K
24AMATAPPLIED MATLS INChistory →COM1.62%$6M27.4K
25FERGFERGUSON ENTERPRISES INChistory →COMMON STOCK NEW1.37%$5M21.1K
26IBITISHARES BITCOIN TRUST ETFSHS BEN INT0.94%$3M50.0K
27LRCXLAM RESEARCH CORPCOM NEW0.87%$3M22.6K
28FEFIRSTENERGY CORPCOM0.67%$2M50.6K
29LINDE PLCSHS0.64%$2M4.7K
30DWDPEURDUPONT DE NEMOURS INCCOM0.61%$2M27.2K
31METAMETA PLATFORMS INCCL A0.60%$2M2.8K
32BNBROOKFIELD CORPCL A LTD VT SH0.59%$2M29.9K
33VANECK ETF TRUSTGOLD MINERS ETF · MRNGSTR WDE MOAT0.56%$2M22.9K
34PEPPEPSICO INCCOM0.55%$2M13.5K
35INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT · S&P 500 GARP ETF0.54%$2M12.6K
36MKTWMARKETWISE INCCOM NEW CL A0.53%$2M112.1K
37UNPUNION PAC CORPCOM0.47%$2M6.8K
38NOCNORTHROP GRUMMAN CORPCOM0.45%$2M2.6K
39NVDANVIDIA CORPORATIONCOM0.44%$2M8.1K
40VANGUARD INTL EQUITY INDEX FALLWRLD EX US0.35%$1M16.8K
41ALCON AGORD SHS0.34%$1M15.9K
42CPCANADIAN PACIFIC KANSAS CITYCOM0.33%$1M15.3K
43CSGPCOSTAR GROUP INCCOM0.31%$1M12.6K
44AAPLAPPLE INCCOM0.26%$891,2053.5K
45SPDR S&P 500 ETF TRTR UNIT0.25%$882,0221.3K
46UNILEVER PLCSPON ADR NEW0.21%$727,95812.3K

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 ↗.