Managers / Q1 2026
FPC INVESTMENT ADVISORY, INC.
CIK 0002021217 · 1465 N. MCDOWELL BLVD, SUITE 170, PETALUMA, CA, 94954 · 7077950500
Summary
Fpc Investment Advisory, Inc. reported $201M in U.S.-listed holdings across 34 positions for Q1 2026.
Its largest position, Schwab Strategic Tr, represents 17.0% of the portfolio.
Compared with Q4 2025, the fund opened 1 new position and exited 1.
Portfolio Metrics
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
Portfolio Composition
- ETP · 89.8% · $180M
- Common Stock · 10.1% · $20M
- ADR · 0.1% · $235,875
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BPBP PLC | NEW | +5.1K | 5.1K | +$235,875 | $235,875 |
| VANGUARD WORLD FD | ADDED | +79.6K | 90.8K | +$966,794 | $9M |
| XLUSELECT SECTOR SPDR TR | SOLD OUT | −7.7K | 0 | −$329,823 | $0 |
| ISHARES INC | ADDED | +27.0K | 94.6K | +$3M | $8M |
| VANGUARD CHARLOTTE FDS | ADDED | +46.3K | 172.6K | +$2M | $8M |
| SELECT SECTOR SPDR TR | TRIMMED | −7.5K | 24.0K | −$1M | $3M |
| ISHARES TR | TRIMMED | −730 | 2.8K | −$97,616 | $597,870 |
| EBAEBAY INC. | TRIMMED | −540 | 2.2K | −$23,077 | $216,448 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | CORE 1 5 YR USD · 20 YR TR BD ETF · EUROPE ETF · MSCI AC ASIA ETF · CORE MSCI EAFE · U.S. TECH ETF | 25.99% | $52M | 892.3K |
| 2 | VANGUARD BD INDEX FDS | INTERMED TERM · TOTAL BND MRKT · LONG TERM BOND | 19.45% | $39M | 510.4K |
| 3 | SCHWAB STRATEGIC TR | US LRG CAP ETF · US SML CAP ETF · US BRD MKT ETF | 17.32% | $35M | 1.23M |
| 4 | VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF · FTSE EMR MKT ETF | 12.26% | $25M | 283.8K |
| 5 | VANGUARD WORLD FD | INF TECH ETF | 4.72% | $9M | 90.8K |
| 6 | AAPLAPPLE INChistory → | COM | 4.52% | $9M | 33.5K |
| 7 | VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 4.15% | $8M | 172.6K |
| 8 | ISHARES INC | MSCI JAPAN ETF | 4.12% | $8M | 94.6K |
| 9 | SELECT SECTOR SPDR TR | STATE STREET HEA | 1.72% | $3M | 24.0K |
| 10 | GOOGALPHABET INC | CAP STK CL C · CAP STK CL A | 1.60% | $3M | 9.4K |
| 11 | NVDANVIDIA CORPORATIONhistory → | COM | 1.44% | $3M | 13.9K |
| 12 | AVGOBROADCOM INChistory → | COM | 1.03% | $2M | 4.9K |
| 13 | MSFTMICROSOFT CORP | COM | 0.28% | $568,142 | 1.3K |
| 14 | METAMETA PLATFORMS INC | CL A | 0.25% | $508,298 | 753 |
| 15 | AMZNAMAZON COM INC | COM | 0.22% | $434,792 | 1.6K |
| 16 | ABBVABBVIE INC | COM | 0.19% | $379,537 | 1.9K |
| 17 | TRVCCITIGROUP INC | COM NEW | 0.16% | $319,950 | 2.5K |
| 18 | BPBP PLC | SPONSORED ADR | 0.12% | $235,875 | 5.1K |
| 19 | PTENPATTERSON-UTI ENERGY INC | COM | 0.11% | $227,733 | 20.1K |
| 20 | VANGUARD INDEX FDS | MCAP VL IDXVIP | 0.11% | $227,677 | 1.2K |
| 21 | QC10FLAGSTAR BANK NATIONAL ASSOC | COM NEW | 0.11% | $220,271 | 15.7K |
| 22 | EBAEBAY INC. | COM | 0.11% | $216,448 | 2.2K |
| 23 | FATEFATE THERAPEUTICS INC | COM | 0.02% | $35,187 | 26.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $201M | 34 | May 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $183M | 34 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $167M | 28 | Oct 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $160M | 28 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $146M | 27 | May 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $137M | 283 | Feb 4, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $118M | 97 | Oct 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $111M | 97 | Jul 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $101M | 86 | May 8, 2024 | 13F-HR | changes · 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 ↗.