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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

RATIONAL ADVISORS LLC

Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001580642-25-007222

Total Value
$1.01B
Positions
240
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (240)

#IssuerTicker / CUSIPSharesValue% of Filing
1SPDR SERIES TRUST78464A6492,937,303$75.9M7.55%
2VANGUARD BD INDEX FDS9219378351,020,615$75.9M7.55%
3ISHARES TR464287226756,348$75.8M7.54%
4INVESCO EXCH TRADED FD TR IIIVZ206,555$51.0M5.08%
5GLOBAL X FDS37954Y293808,015$50.7M5.04%
6SELECT SECTOR SPDR TR81369Y886540,865$47.2M4.69%
7VANGUARD SPECIALIZED FUNDS921908844194,391$41.9M4.17%
8WISDOMTREE TRWT713,693$38.5M3.83%
9SCHWAB STRATEGIC TR8085248471,533,928$33.1M3.29%
10J P MORGAN EXCHANGE TRADED F46641Q332507,268$29.0M2.88%
11SPDR SERIES TRUST78468R6061,041,882$24.9M2.48%
12ISHARES TR46428720031,201$20.9M2.08%
13GLOBAL X FDS37954Y6571,069,210$20.8M2.07%
14SPDR SERIES TRUST78464A854212,625$16.7M1.66%
15DIMENSIONAL ETF TRUST25434V872388,805$16.6M1.65%
16ISHARES TR46428720024,300$16.3M1.62%
17VANGUARD INDEX FDS92290836324,300$14.9M1.48%
18SCHWAB STRATEGIC TR808524698540,680$12.5M1.24%
19ISHARES TR46432F842140,180$12.2M1.22%
20UBER TECHNOLOGIES INCUBER7,339,000$10.8M1.07%
21BANK AMERICA CORP0605056828,048$10.3M1.02%
22WELLS FARGO CO NEW9497468048,200$10.1M1.01%
23ISHARES TR46428720013,932$9.3M0.93%
24ON SEMICONDUCTOR CORPON9,952,000$9.2M0.91%
25GLOBAL PMTS INC37940XAU69,457,000$8.7M0.86%
26KKR & CO INCKKRT161,600$8.5M0.84%
27VENTAS RLTY LTD PARTNERSHIPVTR6,310,000$8.1M0.81%
28ISHARES TR46428858885,050$8.1M0.81%
29ALLIANT ENERGY CORPLNT6,930,000$7.5M0.74%
30ISHARES INC46434G103109,392$7.2M0.72%
31MERITAGE HOMES CORPMTH7,022,000$7.2M0.71%
32PPL CAP FDG INCPPLC6,280,000$7.2M0.71%
33ETSY INCETSY8,040,000$7.1M0.71%
34FORD MTR CO345370CZ16,740,000$6.8M0.68%
35AMERICAN WTR CAP CORP03040WBE46,510,000$6.5M0.65%
36HEWLETT PACKARD ENTERPRISE CHPE-PC89,140$6.1M0.60%
37SHIFT4 PMTS INC82452JAD15,746,000$5.7M0.56%
38VANGUARD INDEX FDS9229083638,800$5.4M0.54%
39DRAFTKINGS INC NEWDKNG5,780,000$5.2M0.52%
40AMAZON COM INCAMZN20,895$4.6M0.46%
41INVESCO EXCH TRADED FD TR IIIVZ154,918$4.2M0.42%
42ALPHABET INCGOOG17,100$4.2M0.41%
43MICROCHIP TECHNOLOGY INC.MCHPP70,100$4.1M0.41%
44OKTA INCOKTA4,032,000$3.9M0.39%
45TESLA INCTSLA8,700$3.9M0.38%
46MOOG INCMOG-B18,300$3.8M0.38%
47SPDR S&P 500 ETF TRSPY5,606$3.7M0.37%
48MICROSOFT CORPMSFT7,172$3.7M0.37%
49UBER TECHNOLOGIES INCUBER37,700$3.7M0.37%
50WALMART INCWMT34,900$3.6M0.36%
51MONOLITHIC PWR SYS INC6098391053,900$3.6M0.36%
52NEXTERA ENERGY INCNEE-PW74,400$3.5M0.35%
53NETFLIX INCNFLX2,905$3.5M0.35%
54INTUITINTU5,100$3.5M0.35%
55TJX COS INC NEW87254010924,000$3.5M0.35%
56COSTCO WHSL CORP NEW22160K1053,644$3.4M0.34%
57SPOTIFY TECHNOLOGY S ASPOT4,775$3.3M0.33%
58APPLE INCAAPL12,885$3.3M0.33%
59APOLLO GLOBAL MGMT INC03769M10624,600$3.3M0.33%
60ITT INCITT18,300$3.3M0.33%
61META PLATFORMS INCMETA4,425$3.2M0.32%
62SERVICENOW INCNOW3,500$3.2M0.32%
63BLACKSTONE INCBX18,300$3.1M0.31%
64KKR & CO INCKKRT23,350$3.0M0.30%
65CARNIVAL CORPCUKPF103,500$3.0M0.30%
66MERCADOLIBRE INCMELI1,250$2.9M0.29%
67AMERICAN EXPRESS COAXP8,500$2.8M0.28%
68LIVE NATION ENTERTAINMENT INLYV16,450$2.7M0.27%
69ALPHABET INCGOOG11,000$2.7M0.27%
70EXPEDIA GROUP INCEXPE10,500$2.2M0.22%
71PROS HOLDINGS INC74346YAG82,211,000$2.2M0.22%
72NVIDIA CORPORATIONNVDA11,288$2.1M0.21%
73ARES MANAGEMENT CORPORATIONARES-PB42,100$2.1M0.21%
74APOLLO GLOBAL MGMT INC03769M30429,700$2.1M0.21%
75MICROSOFT CORPMSFT3,892$2.0M0.20%
76META PLATFORMS INCMETA2,700$2.0M0.20%
77SHOPIFY INCSHOP12,200$1.8M0.18%
78ALPHABET INCGOOG7,203$1.8M0.17%
79BROOKFIELD CORP11271J10725,500$1.7M0.17%
80META PLATFORMS INCMETA2,168$1.6M0.16%
81AMAZON COM INCAMZN7,129$1.6M0.16%
82BROADCOM INCAVGO4,177$1.4M0.14%
83INSULET CORPPODD4,400$1.4M0.14%
84JPMORGAN CHASE & CO.VYLD3,769$1.2M0.12%
85NETFLIX INCNFLX968$1.2M0.12%
86GOLDMAN SACHS GROUP INCGSCE1,450$1.2M0.11%
87SERVICENOW INCNOW1,203$1.1M0.11%
88APPLE INCAAPL4,303$1.1M0.11%
89EBAY INC.EBAY11,900$1.1M0.11%
90NVIDIA CORPORATIONNVDA5,684$1.1M0.11%
91HSBC HLDGS PLCHBCYF14,685$1.0M0.10%
92MICROSOFT CORPMSFT1,981$1.0M0.10%
93VISA INCV3,000$1.0M0.10%
94WALMART INCWMT9,879$1.0M0.10%
95PALANTIR TECHNOLOGIES INCPLTR5,533$1.0M0.10%
96COINBASE GLOBAL INCCOIN800,000$1.0M0.10%
97ETSY INCETSY15,100$1.0M0.10%
98CHIPOTLE MEXICAN GRILL INCCMG25,000$979,7500.10%
99INTERNATIONAL BUSINESS MACHSINTR3,119$880,0570.09%
100ABBVIE INCABBV3,675$850,9100.08%
101TESLA INCTSLA1,903$846,3020.08%
102ALPHABET INCGOOG3,440$837,8120.08%
103BERKSHIRE HATHAWAY INC DELBRK-A1,639$823,9910.08%
104APPLE INCAAPL3,209$817,1080.08%
105ROBINHOOD MKTS INC7707001025,488$785,7720.08%
106EXXON MOBIL CORPXOM6,885$776,2840.08%
107ISHARES TR4642887603,703$774,8900.08%
108SYNOPSYS INCSNPS1,563$771,1690.08%
109CADENCE DESIGN SYSTEM INCCDNS2,079$730,2700.07%
110VISA INCV2,090$713,4840.07%
111ELI LILLY & COLLY904$689,7520.07%
112TAIWAN SEMICONDUCTOR MFG LTD8740391002,383$665,5480.07%
113ISHARES TR46435U13512,641$661,5040.07%
114HOME DEPOT INCHD1,619$656,0030.07%
115AMAZON COM INCAMZN2,886$633,6790.06%
116MCDONALDS CORPMCD1,870$568,2740.06%
117PALO ALTO NETWORKS INCPANW2,772$564,4350.06%
118HONEYWELL INTL INC4385161062,672$562,4560.06%
119META PLATFORMS INCMETA720$528,7540.05%
120NOVARTIS AGNVSEF4,106$526,5530.05%
121GE AEROSPACE3696043011,725$518,9150.05%
122CORNING INCGLW6,085$499,1530.05%
123COSTCO WHSL CORP NEW22160K105538$497,9890.05%
124ORACLE CORPORCL-PD1,768$497,2320.05%
125NEXTERA ENERGY INCNEE-PW6,275$473,7000.05%
126CATERPILLAR INCCAT984$469,5160.05%
127INTUITIVE SURGICAL INCISRG1,031$461,0940.05%
128BROADCOM INCAVGO1,393$459,5650.05%
129TAIWAN SEMICONDUCTOR MFG LTD8740391001,531$427,5930.04%
130TESLA INCTSLA941$418,4820.04%
131ADVANCED MICRO DEVICES INCAMD2,581$417,5800.04%
132CONSTELLATION ENERGY CORPCEG1,260$414,6280.04%
133BLACKROCK INCBLK346$403,3910.04%
134EQUINIX INCEQIX472$369,6890.04%
135PROLOGIS INC.PLDGP2,980$341,2700.03%
136AMERICAN TOWER CORP NEW03027X1001,748$336,1750.03%
137SCHWAB CHARLES CORPSCHW-PJ3,500$334,1450.03%
138ALBEMARLE CORPALB-PA3,610$292,6990.03%
139AFFIRM HLDGS INCAFRM4,000$292,3200.03%
140CALIX INCCALX4,637$284,5730.03%
141ELECTRONIC ARTS INCEA1,400$282,3800.03%
142TAKE-TWO INTERACTIVE SOFTWARTTWO963$248,8010.02%
143WALMART INCWMT2,412$248,5810.02%
144ORACLE CORPORCL-PD846$237,9290.02%
145WILLIAMS COS INC9694571003,637$230,4040.02%
146ELI LILLY & COLLY272$207,5360.02%
147VISTRA CORPVST1,046$204,9320.02%
148NRG ENERGY INCNRG1,196$193,6920.02%
149VISA INCV567$193,5620.02%
150NETFLIX INCNFLX125$149,8650.01%
151MASTERCARD INCORPORATEDMA263$149,5970.01%
152PALANTIR TECHNOLOGIES INCPLTR697$127,1470.01%
153COSTCO WHSL CORP NEW22160K105132$122,1830.01%
154ABBVIE INCABBV511$118,3170.01%
155VARONIS SYS INCVRNS2,044$117,4690.01%
156HOME DEPOT INCHD284$115,0740.01%
157ASML HOLDING N VASMLF113$109,3940.01%
158UNITEDHEALTH GROUP INCUNH258$89,0870.01%
159CISCO SYS INCCSCO1,174$80,3250.01%
160T-MOBILE US INCTMUSZ331$79,2350.01%
161APPLOVIN CORPAPP102$73,2910.01%
162ADVANCED MICRO DEVICES INCAMD445$71,9970.01%
163ABBOTT LABSABLZF513$68,7110.01%
164AMERICAN EXPRESS COAXP204$67,7610.01%
165BOOZ ALLEN HAMILTON HLDG CORBAH671$67,0660.01%
166SALESFORCE INCCRM278$65,8860.01%
167CATERPILLAR INCCAT138$65,8470.01%
168LINDE PLCLIN138$65,5500.01%
169SCIENCE APPLICATIONS INTL CO808625107649$64,4910.01%
170UBER TECHNOLOGIES INCUBER620$60,7410.01%
171BLACKSTONE INCBX354$60,4810.01%
172SERVICENOW INCNOW61$56,1370.01%
173BLACKROCK INCBLK47$54,7960.01%
174INTUITINTU80$54,6330.01%
175QUALCOMM INCQCOM311$51,7380.01%
176LAM RESEARCH CORPLRCX370$49,5430.00%
177TEXAS INSTRS INC882508104265$48,6880.00%
178APPLIED MATLS INC038222105234$47,9090.00%
179INTUITIVE SURGICAL INCISRG104$46,5120.00%
180S&P GLOBAL INCSPGI90$43,8040.00%
181AMGEN INCAMGN155$43,7410.00%
182BOSTON SCIENTIFIC CORPBSX435$42,4690.00%
183ADOBE INCADBE119$41,9770.00%
184KLA CORPKLAC38$40,9870.00%
185STRYKER CORPORATIONSYK110$40,6640.00%
186LOWES COS INC548661107157$39,4560.00%
187DEERE & CODE79$36,1240.00%
188AUTOMATIC DATA PROCESSING INADP120$35,2200.00%
189LOCKHEED MARTIN CORPLMT66$32,9480.00%
190HCA HEALTHCARE INCHCA69$29,4080.00%
191INTERCONTINENTAL EXCHANGE IN45866F104173$29,1470.00%
192VERTEX PHARMACEUTICALS INCVRTX74$28,9810.00%
193CME GROUP INCCME106$28,6400.00%
194CADENCE DESIGN SYSTEM INCCDNS80$28,1010.00%
195PARKER-HANNIFIN CORPPH37$28,0520.00%
196WASTE MGMT INC DEL94106L109122$26,9410.00%
197SYNOPSYS INCSNPS53$26,1500.00%
198NORTHROP GRUMMAN CORPNOC41$24,9820.00%
199ISHARES TR464287440258$24,8870.00%
200SHERWIN WILLIAMS COSHW71$24,5840.00%
201MOODYS CORPMCO51$24,3000.00%
202APOLLO GLOBAL MGMT INC03769M106180$23,9890.00%
203CINTAS CORPCTAS115$23,6050.00%
204EQUINIX INCEQIX29$22,7140.00%
205AON PLCAON62$22,1080.00%
206THE CIGNA GROUP12552310076$21,9070.00%
207REPUBLIC SVCS INC76075910095$21,8010.00%
208TRANSDIGM GROUP INCTDG16$21,0880.00%
209FISERV INCFISV155$19,9840.00%
210AUTODESK INCADSK62$19,6960.00%
211CSX CORPCSX550$19,5310.00%
212ZOETIS INCZTS130$19,0220.00%
213FORTINET INCFTNT222$18,6660.00%
214CENCORA INCCOR58$18,1270.00%
215AXON ENTERPRISE INCAXON24$17,2230.00%
216ARES MANAGEMENT CORPORATIONARES-PB99$15,8290.00%
217IDEXX LABS INC45168D10424$15,3330.00%
218D R HORTON INC23331A10981$13,7270.00%
219COPART INCCPRT283$12,7270.00%
220MSCI INCMSCI22$12,4830.00%
221VULCAN MATLS CO92916010939$11,9970.00%
222NASDAQ INCNDAQ131$11,5870.00%
223COSTAR GROUP INCCSGP132$11,1370.00%
224LIVE NATION ENTERTAINMENT INLYV66$10,7840.00%
225FAIR ISAAC CORPFICO7$10,4760.00%
226AGILENT TECHNOLOGIES INCA74$9,4980.00%
227LENNAR CORPLEN-B74$9,3270.00%
228IQVIA HLDGS INCIQV49$9,3070.00%
229BROADRIDGE FINL SOLUTIONS IN11133T10337$8,8120.00%
230OLD DOMINION FREIGHT LINE INODFL62$8,7280.00%
231ROLLINS INCROL148$8,6940.00%
232EQUIFAX INCEFX33$8,4650.00%
233VERISIGN INCVRSN27$7,5480.00%
234CBOE GLOBAL MKTS INC12503M10830$7,3580.00%
235ISHARES TR46428745786$7,1350.00%
236WEST PHARMACEUTICAL SVSC INC95530610522$5,7710.00%
237SMITH A O CORPAOS42$3,0830.00%
238HENRY JACK & ASSOC INC42628110120$2,9790.00%
239POOL CORPPOOL9$2,7910.00%
240LANTHEUS HLDGS INCLNTH20$1,0260.00%