Managers / Q1 2026
Appalachian Capital Management Ltd
CIK 0002111450 · 51461 JENNIFER LANE, SUITE 215, ST CLAIRSVILLE, OH, 43950 · (740) 391-4574
Summary
Appalachian Capital Management Ltd reported $125M in U.S.-listed holdings across 45 positions for Q1 2026.
The portfolio is heavily concentrated: Schwab Strategic Tr alone accounts for 31.6% of reported value.
Compared with Q4 2025, the fund opened 5 new positions and exited 2.
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 · 93.0% · $116M
- Common Stock · 6.8% · $9M
- ADR · 0.2% · $235,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BITBBITWISE BITCOIN ETF TR | NEW | +8.4K | 8.4K | +$308,725 | $308,725 |
| GOOGALPHABET INC | NEW | +880 | 880 | +$252,437 | $252,437 |
| BPBP PLC | NEW | +5.0K | 5.0K | +$235,000 | $235,000 |
| VANGUARD INTL EQUITY INDEX F | NEW | +1.7K | 1.7K | +$229,258 | $229,258 |
| UBSIUNITED BANKSHARES INC WEST V | NEW | +5.0K | 5.0K | +$207,100 | $207,100 |
| SPDR SERIES TRUST | SOLD OUT | −8.4K | 0 | −$246,860 | $0 |
| METAMETA PLATFORMS INC | SOLD OUT | −327 | 0 | −$215,666 | $0 |
| WSBCWESBANCO INC | TRIMMED | −9.0K | 13.5K | −$283,815 | $464,944 |
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 | SCHWAB STRATEGIC TR | US BRD MKT ETF · US DIVIDEND EQ · US AGGREGATE B · US SML CAP ETF | 39.92% | $50M | 1.92M |
| 2 | SPDR SERIES TRUST | STATE STREET SPD | 15.71% | $20M | 698.5K |
| 3 | HARRIS OAKMARK ETF TRUST | INTL LARGE CAP · OAKMARK U S LRG | 13.03% | $16M | 633.7K |
| 4 | FIRST TR EXCHNG TRADED FD VI | SMITH UNCONSTRAI | 7.14% | $9M | 360.0K |
| 5 | INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF · S&P500 LOW VOL | 5.43% | $7M | 33.8K |
| 6 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.63% | $3M | 5.7K |
| 7 | XLFSELECT SECTOR SPDR TR | STATE STREET FIN · STATE STREET TEC | 2.35% | $3M | 56.0K |
| 8 | VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 2.26% | $3M | 34.1K |
| 9 | RDVYFIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV · SHS | 1.75% | $2M | 35.9K |
| 10 | BABOEING CO | COM | 0.92% | $1M | 5.8K |
| 11 | EXMOCEXXON MOBIL CORP | COM | 0.77% | $959,699 | 5.7K |
| 12 | PIMCO ETF TR | ACTIVE BD ETF | 0.73% | $905,788 | 9.8K |
| 13 | AMZNAMAZON COM INC | COM | 0.69% | $857,656 | 4.1K |
| 14 | INVESCO EXCHANGE TRADED FD T | INTL DIVI ACHI | 0.53% | $659,263 | 29.6K |
| 15 | TSLATESLA INC | COM | 0.52% | $652,050 | 1.8K |
| 16 | NVDANVIDIA CORPORATION | COM | 0.45% | $562,318 | 3.2K |
| 17 | VLOVALERO ENERGY CORP | COM | 0.42% | $518,868 | 2.1K |
| 18 | UBCPUNITED BANCORP INC OHIO | COM | 0.41% | $507,594 | 33.4K |
| 19 | NFLXNETFLIX INC. | COM | 0.37% | $466,328 | 4.8K |
| 20 | WSBCWESBANCO INC | COM | 0.37% | $464,944 | 13.5K |
| 21 | CHVCHEVRON CORPORATION | COM | 0.37% | $458,904 | 2.2K |
| 22 | PROSHARES TR | PSHS ULTRA QQQ | 0.36% | $446,947 | 7.3K |
| 23 | INVESCO ACTIVELY MANAGED EXC | TOTAL RETURN | 0.30% | $373,916 | 8.0K |
| 24 | MSFTMICROSOFT CORP | COM | 0.27% | $339,343 | 917 |
| 25 | LLYELI LILLY & CO | COM | 0.27% | $333,877 | 363 |
| 26 | STATE STR SPDR DOW JONES IND | UT SER 1 | 0.25% | $311,344 | 672 |
| 27 | BITBBITWISE BITCOIN ETF TR | SHS BEN INT | 0.25% | $308,725 | 8.4K |
| 28 | CRWDCROWDSTRIKE HLDGS INC | CL A | 0.23% | $285,390 | 731 |
| 29 | AMDADVANCED MICRO DEVICES INC | COM | 0.22% | $271,579 | 1.3K |
| 30 | GOOGALPHABET INC | CAP STK CL C | 0.20% | $252,437 | 880 |
| 31 | BPBP PLC | SPONSORED ADR | 0.19% | $235,000 | 5.0K |
| 32 | VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 0.18% | $229,258 | 1.7K |
| 33 | ISHARES TR | ISHARES SEMICDTR | 0.18% | $226,386 | 689 |
| 34 | VTRSVIATRIS INC | COM | 0.18% | $224,601 | 16.6K |
| 35 | UBSIUNITED BANKSHARES INC WEST V | COM | 0.17% | $207,100 | 5.0K |
| 36 | EONREON RESOURCES INC | COM CL A | 0.01% | $16,600 | 20.0K |
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 ↗.