Institutional Manager · CIK 0001143565

RATIONAL ADVISORS, INC.

Huntington, NY · File #028-16191

Latest AUM

$976.5M

Positions

229

Top-10 Concentration

57.4%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	SELECT SECTOR SPDR TR	81369Y886	+426,818	+$18.2M	-$24.1M
EXITED	ISHARES INC	46434G103	-109,392	-$7.2M	$0
REDUCE	INVESCO EXCH TRADED FD TR II	IVZ	-25,298	-$6.4M	+$1.2M
ADD	ARES MANAGEMENT CORPORATION	ARES-PB	+115,900	+$5.8M	+$29,891
ADD	NEXTERA ENERGY INC	NEE-PW	+116,400	+$5.7M	+$127,968
NEW	WELLTOWER INC	WELL	+21,000	+$3.9M	$0
REDUCE	SPDR SERIES TRUST	78464A649	-151,203	-$3.9M	-$293,731
NEW	ATI INC	ATI	+33,400	+$3.8M	$0
REDUCE	ISHARES TR	464287226	-37,167	-$3.7M	-$279,849
REDUCE	WISDOMTREE TR	WT	-67,595	-$3.7M	+$635,186

Sector Allocation

Financials

9.6%$94.2M

Technology

5.7%$55.4M

Consumer Discretionary

3.5%$34.7M

Industrials

1.5%$14.3M

Real Estate

1.3%$12.8M

Healthcare

1.3%$12.8M

Communication Services

1.1%$10.5M

0.9%$8.7M

0.4%$4.1M

0.2%$1.8M

0.0%$92,336

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025229 pos · $976.5M
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 2025240 pos · $1.01B
Jul 31, 202513F HOLDINGS REPORTQ/E Jun 2025234 pos · $1.01B
May 1, 202513F HOLDINGS REPORTQ/E Mar 2025131 pos · $990.9M
Jan 31, 202513F HOLDINGS REPORTQ/E Dec 2024116 pos · $1.02B
Oct 30, 202413F HOLDINGS REPORTQ/E Sep 2024180 pos · $1.04B
Jul 25, 202413F HOLDINGS REPORTQ/E Jun 2024204 pos · $1.03B
Apr 23, 202413F HOLDINGS REPORTQ/E Mar 2024227 pos · $1.08B
Nov 9, 202313F HOLDINGS REPORTQ/E Dec 2023311 pos · $1.10B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD BD INDEX FDS	921937835	970,602	$71.9M	8.55%
2	ISHARES TR	464287226	719,181	$71.8M	8.54%
3	SPDR SERIES TRUST	78464A649	2,786,100	$71.7M	8.53%
4	GLOBAL X FDS	37954Y293	783,498	$47.4M	5.64%
5	INVESCO EXCH TRADED FD TR II	IVZ	181,257	$45.8M	5.45%
6	SELECT SECTOR SPDR TR	81369Y886	967,683	$41.3M	4.91%
7	VANGUARD SPECIALIZED FUNDS	921908844	178,338	$39.2M	4.66%
8	WISDOMTREE TR	WT	646,098	$35.4M	4.21%
9	SCHWAB STRATEGIC TR	808524847	1,476,372	$30.8M	3.67%
10	J P MORGAN EXCHANGE TRADED F	46641Q332	479,454	$27.4M	3.26%
11	SPDR SERIES TRUST	78468R606	1,002,765	$23.7M	2.82%
12	ISHARES TR	464287200	31,201	$21.4M	2.54%
13	GLOBAL X FDS	37954Y657	1,049,537	$19.8M	2.36%
14	ISHARES TR	46432F842	177,332	$15.9M	1.89%
15	DIMENSIONAL ETF TRUST	25434V872	371,289	$15.8M	1.88%
16	SPDR SERIES TRUST	78464A854	192,951	$15.5M	1.84%
17	VANGUARD INDEX FDS	922908363	23,388	$14.7M	1.74%
18	ISHARES TR	464287200	20,469	$14.0M	1.67%
19	SCHWAB STRATEGIC TR	808524698	514,536	$11.8M	1.41%
20	ISHARES TR	464287200	16,082	$11.0M	1.31%