Institutional Manager · CIK 0001166402

FCA CORP /TX

Houston, TX · File #028-10019

Latest AUM

$354.2M

Positions

203

Top-10 Concentration

34.8%

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	SS CONSUMER DISC SELECT SECT	81369Y407	+19,536	+$2.3M	-$2.6M
ADD	AMAZON.COM INC	AMZN	+5,935	+$1.4M	+$16,890
REDUCE	VANGUARD INFO TECH ETF	92204A702	-1,670	-$1.3M	+$160,170
EXITED	INVESCO BULLETSHARES 2025 HY	46138J817	-32,065	-$739,427	$0
ADD	SS ENERGY SELECT SECTOR	81369Y506	+13,483	+$602,831	-$688,369
REDUCE	ARTESIAN RESOURCES CORP-CL A	ARTNB	-15,867	-$501,557	-$79,962
REDUCE	ALPHABET INC-CL C	GOOG	-1,540	-$483,261	+$1.5M
REDUCE	VANGUARD FTSE DEVELOPED ETF	921943858	-6,943	-$433,730	+$554,222
REDUCE	ADAMS DIVERSIFIED EQUITY	006212104	-18,261	-$425,846	+$197,465
REDUCE	ISHARES GLOBAL HEALTHCARE ET	464287325	-4,367	-$425,349	+$483,765

Sector Allocation

15.5%$54.8M

7.9%$28.0M

4.7%$16.8M

2.5%$8.8M

Consumer Discretionary

1.2%$4.1M

Materials

0.8%$2.8M

Utilities

0.6%$2.2M

Communication Services

0.6%$2.0M

Energy

0.5%$1.7M

Consumer Staples

0.1%$323,811

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 2025203 pos · $354.2M
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 2025201 pos · $360.1M
Aug 12, 202513F HOLDINGS REPORTQ/E Jun 2025191 pos · $334.0M
May 13, 202513F HOLDINGS REPORTQ/E Mar 2025186 pos · $313.6M
Feb 11, 202513F HOLDINGS REPORTQ/E Dec 2024192 pos · $320.2M
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 2024191 pos · $326.1M
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 2024191 pos · $312.5M
May 8, 202413F HOLDINGS REPORTQ/E Mar 2024193 pos · $309.1M
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 2023182 pos · $268.2M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INFO TECH ETF	92204A702	20,707	$15.6M	6.42%
2	VANGUARD FTSE DEVELOPED ETF	921943858	210,402	$13.1M	5.40%
3	GOLDMAN SACHS ACTIVEBETA INT	NVGLF	237,908	$10.2M	4.20%
4	INVESCO BULLETSHARES 2026 CB	IVZ	403,688	$7.9M	3.25%
5	ISHARES RUSSELL 1000 ETF	464287622	17,733	$6.6M	2.72%
6	ISHARES FLOATING RATE BOND E	46429B655	127,785	$6.5M	2.67%
7	INVESCO S&P 500 EQUAL WEIGHT	IVZ	33,699	$6.5M	2.65%
8	INVESCO BULLETSHARES 2027 CB	IVZ	315,633	$6.2M	2.56%
9	ALPHABET INC-CL C	GOOG	19,170	$6.0M	2.47%
10	AMGEN INC	AMGN	18,056	$5.9M	2.43%
11	GOLDMAN ACTIVEBETA US LC ETF	NVGLF	42,951	$5.7M	2.34%
12	ISHARES CORE S&P MIDCAP ETF	464287507	85,667	$5.7M	2.32%
13	VANGUARD S/T CORP BOND ETF	92206C409	70,783	$5.6M	2.32%
14	INVESCO VARIABLE RATE PREFER	IVZ	207,435	$5.0M	2.08%
15	SS CONSUMER DISC SELECT SECT	81369Y407	41,577	$5.0M	2.04%
16	ISHARES MSCI EAFE SMALL-CAP	464288273	63,787	$4.9M	2.03%
17	ISHARES GLOBAL HEALTHCARE ET	464287325	50,728	$4.9M	2.03%
18	ISHARES IBONDS DEC 2028 TERM	46436E833	219,760	$4.9M	2.02%
19	VALMONT INDUSTRIES	920253101	12,097	$4.9M	2.00%
20	SS CONSUMER STAPLES SEL SECT	81369Y308	59,920	$4.7M	1.91%