SEC 13F Intelligence

Managers / Q1 2026

Baer Investment Advisory LLC

CIK 0002057153 · 7 PIXLEY AVE, PO BOX 355, CORTE MADERA, CA, 94925-1457 · (415) 717-1101

Reported Value
$100M
Q1 2026
Positions
38
Filings on Record
8
2019–present window
Filed
Apr 29, 2026
amendment (RESTATEMENT)

Summary

Baer Investment Advisory LLC reported $100M in U.S.-listed holdings across 38 positions for Q1 2026.

Its largest position, AMZN, represents 5.4% of the portfolio.

Compared with Q4 2025, the fund opened 15 new positions and exited 3.

Portfolio Metrics

Turnover
+34.4%
vs prior filed quarter
Top-10 Concentration
+43.4%
share of reported value
Largest Position
+5.4%
Amazon Com
New / Exited
15 / 3
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 ’24: $93MQ4 ’24Q1 ’25: $77MQ1 ’25Q2 ’25: $88MQ2 ’25Q3 ’25: $117MQ3 ’25Q4 ’25: $105MQ4 ’25Q1 ’26: $100MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 62.2%Other: 34.3%MLP: 2.7%ETP: 0.8%
  • Common Stock · 62.2% · $62M
  • Other · 34.3% · $34M
  • MLP · 2.7% · $3M
  • ETP · 0.8% · $772,844

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TAIWAN SEMICONDUCTOR MANUFACNEW+657657+$9M$9M
NVIDIA CORPORATIONNEW+1.2K1.2K+$7M$7M
NETFLIX INC.NEW+976976+$2M$2M
MICROSOFT CORPNEW+379379+$2M$2M
SHOPIFY INCNEW+239239+$2M$2M
INTUITNEW+101101+$1M$1M
COSTAR GROUP INCNEW+1.4K1.4K+$1M$1M
AMPHENOL CORPNEW+348348+$1M$1M

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

Holdings — Q1 2026

23 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM5.41%$5M26.0K
2CWCURTISS WRIGHT CORPhistory →COM5.40%$5M7.9K
3EMEEMCOR GROUP INChistory →COM4.75%$5M6.4K
4DEDEERE & COhistory →COM4.65%$5M8.3K
5FERRARI N VCOM4.62%$5M13.7K
6ADIANALOG DEVICES INChistory →COM4.00%$4M12.6K
7ECLECOLAB INChistory →COM3.87%$4M14.6K
8APHAMPHENOL CORPhistory →CL A3.57%$4M28.3K
9NFLXNETFLIX INC.history →COM3.57%$4M37.1K
10AAPLAPPLE INChistory →COM3.55%$4M14.0K
11NVDANVIDIA CORPORATIONhistory →COM3.40%$3M19.5K
12TXNTEXAS INSTRS INChistory →COM3.28%$3M16.5K
13IBMINTERNATIONAL BUSINESS MACHShistory →COM2.97%$3M12.3K
14VEEVVEEVA SYS INChistory →CL A COM2.82%$3M16.1K
15EPDENTERPRISE PRODS PARTNERS Lhistory →COM2.73%$3M72.1K
16URIUNITED RENTALS INChistory →COM2.41%$2M3.3K
17INTUINTUIThistory →COM2.10%$2M4.8K
18SHOPSHOPIFY INChistory →CL A SUB VTG SHS2.06%$2M17.4K
19TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.53%$2M3.1K
20CDNSCADENCE DESIGN SYSTEM INChistory →COM1.48%$1M5.3K
21MSFTMICROSOFT CORPhistory →COM1.35%$1M3.6K
22NDQINVESCO QQQ TRUNIT SER 10.77%$772,8441.3K
23SNAPSNAP INCCL A0.05%$46,00010.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$100M38Apr 29, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$105M36Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$117M41Oct 29, 202513F-HRchanges · EDGAR ↗
Q2 2025$88M40Aug 7, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$77M25May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$93M24Feb 20, 202513F-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 ↗.