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Castellan Group

2011 LAKE POINT WAY SUITE 001, LOUISVILLE, KY 40223 • (859) 494-2579

Q1 2026 · Filed 2026-04-23
Market Value
$118M
-44.3%
Holdings
55
-1
New Purchases
1
Added To
16
Closed
24
Reduced
10
Top 10 Concentration
54.9%
Turnover
45.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BOXX 17.43% 5.20% +12.22% $21M
CWEN 4.72% 2.04% +2.68% $6M
NJR 4.10% 1.73% +2.36% $5M
NEE 4.24% 1.96% +2.28% $5M
POR 4.21% 1.95% +2.26% $5M
ATO 4.00% 1.88% +2.12% $5M
WEC 3.81% 1.74% +2.06% $5M
DKL 3.83% 1.78% +2.05% $5M
GTY 3.61% 1.59% +2.01% $4M
CTRE 4.03% 2.03% +2.00% $5M
ES 3.86% 1.90% +1.95% $5M
TRNO 3.77% 1.82% +1.95% $4M
MPLX 3.71% 1.79% +1.92% $4M
EGP 3.74% 1.82% +1.92% $4M
FR 3.87% 1.99% +1.88% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOG 0.00% 5.48% -5.48% $0
RSP 0.00% 3.52% -3.52% $0
AMZN 0.42% 3.89% -3.47% $500K
MCK 0.00% 3.14% -3.14% $0
AAPL 0.20% 3.13% -2.94% $236K
NVDA 0.00% 2.76% -2.76% $0
VB 0.00% 2.32% -2.32% $0
MSFT 1.94% 3.90% -1.96% $2M
USMV 0.00% 1.83% -1.83% $0
AXP 0.00% 1.61% -1.61% $0
V 0.00% 1.54% -1.54% $0
SPY 1.98% 3.50% -1.52% $2M
CAT 0.00% 1.45% -1.45% $0
XOM 2.13% 3.57% -1.44% $3M
BRK-B 0.00% 1.44% -1.44% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 29.4%
Utilities 28.9%
Real Estate 19.0%
Energy 14.9%
Basic Materials 3.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 20 $14M 11.7%
Large Cap 20 $56M 46.9%
Mid Cap 12 $47M 40.0%
Small Cap 1 $0 0.0%
Micro Cap 2 $2M 1.3%

Portfolio Analytics

Avg Market Cap
$678.3B
Median Market Cap
$116.6B
Avg P/E
28.2
Median P/E
22.6
Avg Dividend Yield
0.02%
Avg Beta
0.82
# Stocks
43
# ETFs / Funds
12

Top Holdings (55 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BOXX 17.43% 177,481 $21M $116.29 $10M +81,405 +84.7%
2 CWEN 4.72% 142,230 $6M $39.29 $1M +11,988 +9.2%
3 NEE 4.24% 54,095 $5M $92.88 $856K +2,171 +4.2%
4 GLTR 4.23% 22,882 $5M $218.72 -$3M -15,101 -39.8%
5 POR 4.21% 94,433 $5M $52.77 $845K +8,212 +9.5%
6 XLE 4.12% 79,591 $5M $61.26 -$2M -64,855 -44.9%
7 NJR 4.10% 88,321 $5M $54.92 $1M +8,478 +10.6%
8 CTRE 4.03% 130,179 $5M $36.65 $453K +10,759 +9.0%
9 ATO 4.00% 25,625 $5M $184.72 $745K +1,832 +7.7%
10 FR 3.87% 79,219 $5M $57.85 $347K +5,262 +7.1%
11 ES 3.86% 65,923 $5M $69.28 $523K +5,860 +9.8%
12 DKL 3.83% 91,162 $5M $49.76 $755K +6,430 +7.6%
13 WEC 3.81% 38,939 $5M $115.77 $801K +3,790 +10.8%
14 TRNO 3.77% 72,689 $4M $61.42 $591K +6,718 +10.2%
15 EGP 3.74% 23,923 $4M $185.09 $556K +2,190 +10.1%
16 MPLX 3.71% 77,053 $4M $57.07 $584K +5,609 +7.8%
17 GTY 3.61% 134,301 $4M $31.80 $886K +10,625 +8.6%
18 HESM 3.24% 98,872 $4M $38.87 $739K +8,909 +9.9%
19 XOM 2.13% 14,862 $3M $169.66 -$5M -48,111 -76.4%
20 CVX 1.99% 11,381 $2M $206.90 -$773K -9,140 -44.5%
21 SPY 1.98% 3,600 $2M $650.34 -$5M -7,309 -67.0%
22 MSFT 1.94% 6,200 $2M $370.17 -$6M -10,919 -63.8%
23 RIO 1.70% 21,548 $2M $93.29 $286K
24 BHP 1.66% 27,083 $2M $72.74 $335K
25 DDFN 1.30% 81,187 $2M $19.00 -$14K
26 ORCL 0.94% 7,600 $1M $147.11 +7,600 NEW
27 META 0.48% 1,000 $572K $572.13 -$3M -5,065 -83.5%
28 LRN 0.43% 5,800 $511K $88.17 $100K -540 -8.5%
29 AMZN 0.42% 2,400 $500K $208.27 -$8M -33,409 -93.3%
30 PGR 0.33% 2,000 $396K $198.24 -$59K
31 AAPL 0.20% 930 $236K $253.79 -$6M -23,572 -96.2%
32 UBER —% -$2M -30,174 -100.0% SOLD
33 JPM —% -$208K -644 -100.0% SOLD
34 PDEC —% -$529K -12,186 -100.0% SOLD
35 USMV —% -$4M -41,342 -100.0% SOLD
36 IUSV —% -$3M -29,740 -100.0% SOLD
37 RSP —% -$7M -39,016 -100.0% SOLD
38 NVDA —% -$6M -31,477 -100.0% SOLD
39 INDA —% -$2M -34,884 -100.0% SOLD
40 GOOGL —% -$1M -4,600 -100.0% SOLD
41 CAT —% -$3M -5,364 -100.0% SOLD
42 PANW —% -$3M -15,704 -100.0% SOLD
43 GOOG —% -$12M -37,102 -100.0% SOLD
44 HON —% -$2M -8,088 -100.0% SOLD
45 AXP —% -$3M -9,237 -100.0% SOLD
46 VB —% -$5M -19,118 -100.0% SOLD
47 BRK-B —% -$3M -6,073 -100.0% SOLD
48 AVGO —% -$250K -721 -100.0% SOLD
49 TT —% -$3M -7,401 -100.0% SOLD
50 MCK —% -$7M -8,130 -100.0% SOLD
51 HD —% -$2M -5,232 -100.0% SOLD
52 V —% -$3M -9,321 -100.0% SOLD
53 BMAR —% -$410K -7,728 -100.0% SOLD
54 WMT —% -$3M -25,011 -100.0% SOLD
55 TMO —% -$2M -3,637 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 1 Puts $877K Put Value

Top Puts

SymbolSharesValueStatus
SPY 270 $877K

New Positions

SymbolValue% Port
ORCL $1M 0.94%

Sold Out Positions

SymbolValue% Port
UBER —%
HD —%
AXP —%
CAT —%
JPM —%
V —%
TMO —%
MCK —%
TT —%
HON —%
INDA —%
IUSV —%
PANW —%
RSP —%
USMV —%
View SEC EDGAR Filings for Castellan Group →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms