Managers / Q1 2026
SBE LLC DBA CEDAR COVE WEALTH PARTNERS
CIK 0002111343 · 7900 XERXES AVE. S., SUITE 1750, BLOOMINGTON, MN, 55431 · 952-358-3456
Summary
Sbe LLC Dba Cedar Cove Wealth Partners reported $191M in U.S.-listed holdings across 88 positions for Q1 2026.
Its largest position, Goldman Sachs Etf Tr, represents 19.1% of the portfolio.
Compared with Q4 2025, the fund opened 14 new positions and exited 14.
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 · 87.4% · $167M
- Common Stock · 11.9% · $23M
- Other · 0.5% · $997,432
- ADR · 0.2% · $393,750
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| INVESCO EXCHANGE TRADED FD T | NEW | +172.5K | 172.5K | +$5M | $5M |
| OUNZVANECK MERK GOLD ETF | NEW | +76.2K | 76.2K | +$3M | $3M |
| VANECK ETF TRUST | NEW | +55.5K | 55.5K | +$3M | $3M |
| RBB FD INC | NEW | +70.0K | 70.0K | +$2M | $2M |
| SPDR SERIES TRUST | NEW | +24.1K | 24.1K | +$2M | $2M |
| FIRST TR EXCHANGE-TRADED FD | NEW | +10.8K | 10.8K | +$2M | $2M |
| TEMA ETF TRUST | NEW | +49.3K | 49.3K | +$2M | $2M |
| AMCOR PLC | NEW | +19.5K | 19.5K | +$776,308 | $776,308 |
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 | GOLDMAN SACHS ETF TR | JUST US LRG CP | 19.11% | $36M | 393.8K |
| 2 | ESGDISHARES TR | ESG EAFE ETF · ESG AW MSCI EAFE · CORE S&P500 ETF · ESG ADVANCED UNI · RUS 1000 VAL ETF · MSCI ACWI EX US · RUS 1000 GRW ETF | 14.32% | $27M | 334.6K |
| 3 | TOUCHSTONE ETF TRUST | TOUCHSTONE SANDS | 7.60% | $14M | 586.0K |
| 4 | VANECK ETF TRUST | SEMICONDUCTR ETF · GOLD MINERS ETF · ROBOTICS ETF | 6.83% | $13M | 122.0K |
| 5 | INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB · INVSCO BLSH 26 · BULSHS 2027 CB · BULETSHS 2027 | 5.21% | $10M | 485.4K |
| 6 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL STP · S&P500 EQL TEC | 3.60% | $7M | 211.7K |
| 7 | VANECK FDS | ONCHAIN ECONOMY | 3.46% | $7M | 203.6K |
| 8 | ALPS ETF TR | SMITH CORE PLUS | 2.95% | $6M | 218.3K |
| 9 | NUSHARES ETF TR | NUVEEN ESG SMLCP · NUVEEN ESG LRGCP · NUVEEN ESG LRGVL | 2.75% | $5M | 96.4K |
| 10 | DOUBLELINE ETF TRUST | COMMERCIAL REAL | 2.57% | $5M | 94.3K |
| 11 | J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF | 2.23% | $4M | 84.0K |
| 12 | SCHWAB STRATEGIC TR | US LCAP GR ETF · US LCAP VA ETF | 2.20% | $4M | 142.3K |
| 13 | SIMPLIFY EXCHANGE TRADED FUN | HEALTH CARE ETF | 1.97% | $4M | 111.6K |
| 14 | OUNZVANECK MERK GOLD ETFhistory → | GOLD SHS | 1.80% | $3M | 76.2K |
| 15 | ISHARES INC | MSCI BRAZIL ETF | 1.74% | $3M | 86.1K |
| 16 | RBB FD INC | F/M EMERALD LIFE | 1.28% | $2M | 70.0K |
| 17 | TIDAL TRUST III | NOVATIDE FLEXIBL | 1.25% | $2M | 122.2K |
| 18 | SPDR SERIES TRUST | STATE STREET SPD | 1.16% | $2M | 24.1K |
| 19 | FIRST TR EXCHANGE-TRADED FD | NASDQ CLN EDGE | 0.93% | $2M | 10.8K |
| 20 | DBX ETF TR | XTKR EMGRIN MKTS | 0.92% | $2M | 47.0K |
| 21 | GSBDGOLDMAN SACHS BDC INC | SHS | 0.89% | $2M | 191.6K |
| 22 | TEMA ETF TRUST | ELECTRIFICATION | 0.89% | $2M | 49.3K |
| 23 | TRYBARINGS BDC INC | COM | 0.87% | $2M | 202.1K |
| 24 | AAPLAPPLE INC | COM | 0.85% | $2M | 6.3K |
| 25 | RWAYRUNWAY GROWTH FINANCE CORP | COM | 0.79% | $1M | 218.2K |
| 26 | FFC0OAKTREE SPECIALTY LENDING | COM | 0.75% | $1M | 126.3K |
| 27 | SPROTT FDS TR | URANIUM MINERS E | 0.64% | $1M | 19.4K |
| 28 | NVDANVIDIA CORPORATION | COM | 0.54% | $1M | 5.9K |
| 29 | PIMCO ETF TR | ENHANCD SHORT | 0.48% | $906,202 | 9.2K |
| 30 | PWRQUANTA SVCS INC | COM | 0.45% | $852,384 | 1.6K |
| 31 | AMCOR PLC | COM NEW | 0.41% | $776,308 | 19.5K |
| 32 | COSTCOSTCO WHOLESALE CORPORATION | COM | 0.34% | $644,108 | 646 |
| 33 | LLYELI LILLY & CO | COM | 0.33% | $627,963 | 683 |
| 34 | GOOGLALPHABET INC | CAP STK CL A | 0.33% | $627,845 | 2.2K |
| 35 | ANETARISTA NETWORKS INC | COM SHS | 0.33% | $625,390 | 5.1K |
Filing History
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 ↗.