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Livermore
Livermore
ZHEN

Rational Advisors LLC

SEC CIK
0001143565
Latest filing
Jul 24, 2026

Holdings in Q2 2023

Holdings as of Jun 30, 2023, filed Aug 8, 2023. Long positions only; changes compare share counts with Q1 2023.

Institution overview
Positions
267
+2 vs. Q1 2023
Portfolio value
$1.21B
−$16.8M (−1.4%) vs. Q1 2023
Filed
Aug 8, 2023
SEC
Holdings of Rational Advisors LLC in Q2 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Total Bond Market ETF921937835ETF1,528,145$111.1M9.2%−28,886−1.9%Reduced–
Schwab US Aggregate Bond ETF808524839ETF2,404,877$111.0M9.2%−42,819−1.7%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF1,132,793$111.0M9.2%−21,369−1.9%Reduced–
Alps ETF Tr00162Q452ALERIAN MLP1,962,413$76.9M6.4%+59,131+3.1%Added–
Invesco QQQ Trust Series I46090E103ETF208,204$76.9M6.4%−42,623−17.0%Reduced–
Fidelity MSCI Utilities Index ETF316092865ETF1,605,985$67.9M5.6%+3,221+0.2%Added–
Vanguard Dividend Appreciation ETF921908844ETF399,453$64.9M5.4%−5,593−1.4%Reduced–
J P Morgan Exchange Traded F46641Q332EQUITY PREMIUM1,020,133$56.4M4.7%−12,081−1.2%Reduced–
WisdomTree Tr97717Y790US EFFIC CORE FD1,382,705$51.3M4.2%+274,276+24.7%Added–
iShares Core S&P 500 ETF464287200ETF104,157$46.4M3.8%+41,438+66.1%Added–
Global X FDS37954Y657US PFD ETF2,226,661$43.2M3.6%+162,233+7.9%Added–
Schwab U.S. REIT ETF808524847ETF1,962,413$38.3M3.2%−509,238−20.6%Reduced–
Dimensional ETF Trust25434V872CORE FIXE IN ETF729,253$30.4M2.5%+136,925+23.1%Added–
Schwab U.S. Large-Cap ETF808524201ETF483,441$25.3M2.1%−28,310−5.5%Reduced–
Vanguard S&P 500 ETF922908363ETF61,461$25.0M2.1%−3,869−5.9%Reduced–
Vanguard Intermediate-Term Corporate Bond ETF92206C870ETF309,321$24.4M2.0%+71,956+30.3%Added–
iShares Core MSCI Eafe ETF46432F842ETF348,318$23.5M1.9%−95,042−21.4%Reduced–
iShares Tr46435U853BROAD USD HIGH526,457$18.6M1.5%−355,496−40.3%Reduced–
Invesco Exch Traded FD Tr II46138G805TAXABLE MUN BD458,861$12.2M1.0%−9,338−2.0%Reduced–
BXBlackstone Inc.COM68,385$6.36M0.5%+785+1.2%AddedHistory
iShares Tr464288588MBS ETF63,513$5.92M0.5%−1,817−2.8%Reduced–
MSFTMicrosoft CorpStock13,901$4.73M0.4%+692+5.2%AddedHistory
AMZNAmazon Com IncStock36,035$4.70M0.4%+6,248+21.0%AddedHistory
KKRKKR & Co. Inc.COM80,700$4.52M0.4%−8,100−9.1%ReducedHistory
Bank of Amer Corp0605056827.25%CNV PFD L3,748$4.39M0.4%+2,300+158.8%Added–
Nextera Energy Inc65339F739UNIT 99/99/999987,400$4.29M0.4%+10,600+13.8%Added–
Dexcom Inc252131AK3NOTE 0.250%11/13,970,000$4.24M0.4%−1,020,000−20.4%Reduced–
METAMeta Platforms, Inc.Stock14,486$4.16M0.3%+7,688+113.1%AddedHistory
Tyler Tex Indpt SCH Dist902252AB1NOTE 0.250% 3/13,910,000$4.03M0.3%+3,910,000New–
American Elec PWR Co Inc02557T307UNIT 08/15/202576,300$3.79M0.3%+12,200+19.0%Added–
Splunk Inc848637AF1NOTE 1.125% 6/14,350,000$3.75M0.3%−1,250,000−22.3%Reduced–
Southwest Airls Co844741BG2NOTE 1.250% 5/03,270,000$3.75M0.3%+900,000+38.0%Added–
Ares Capital Corp04010LAW3NOTE 4.625% 3/03,700,000$3.69M0.3%00.0%Unchanged–
Nisource Inc.65473P121UNIT 12/01/202335,800$3.66M0.3%00.0%Unchanged–
Alteryx, Inc.02156BAF0NOTE 1.000% 8/04,260,000$3.56M0.3%00.0%Unchanged–
RBC Bearings INC75524B2035% CNV PFD SR A32,500$3.43M0.3%+32,500New–
AAPLApple Inc.Stock17,608$3.42M0.3%−7,974−31.2%ReducedHistory
Expedia Group, Inc.30212PBE4NOTE 2/13,865,000$3.38M0.3%−1,130,000−22.6%Reduced–
GOOGLAlphabet Inc.Stock28,007$3.35M0.3%−688−2.4%ReducedHistory
Cyberark Software Ltd23248VAB1NOTE 11/12,855,000$3.23M0.3%−50,000−1.7%Reduced–
Euronet Worldwide, Inc.298736AL3NOTE 0.750% 3/13,240,928$3.15M0.3%−1,560,000−32.5%Reduced–
Western Digital Corp958102AP0NOTE 1.500% 2/03,123,080$3.03M0.3%−2,060,000−39.7%Reduced–
Etsy Inc29786AAN6NOTE 0.250% 6/13,930,000$3.03M0.3%00.0%Unchanged–
iShares S&P 100 ETF464287101ETF13,469$2.79M0.2%+13,469New–
Vanguard Morningstar Growth ETF922908736ETF9,775$2.77M0.2%+9,775New–
SPYSPDR S&P 500 ETF TrustETF6,205$2.75M0.2%+6,205NewHistory
NKENIKE, Inc.Stock24,345$2.69M0.2%+6,906+39.6%AddedHistory
VanEck Semiconductor ETF92189F676ETF17,630$2.68M0.2%+17,630New–
COSTCostco Wholesale CorpStock4,949$2.66M0.2%+1,055+27.1%AddedHistory
Shopify Inc.82509LAA5NOTE 0.125%11/02,802,000$2.54M0.2%+2,802,000New–
Okta, Inc.679295AF2NOTE 0.375% 6/12,919,000$2.49M0.2%−580,000−16.6%Reduced–
PXDPioneer Natural Resources CoCOM12,000$2.49M0.2%+2,200+22.4%AddedHistory
MCDMcDonalds CorpStock8,296$2.48M0.2%+3,090+59.4%AddedHistory
PROS Holdings, Inc.74346YAH6NOTE 1.000% 5/12,440,000$2.31M0.2%−530,000−17.8%Reduced–
LULUlululemon athletica inc.Stock5,950$2.25M0.2%+2,875+93.5%AddedHistory
BKNGBooking Holdings Inc.Stock811$2.19M0.2%+159+24.4%AddedHistory
PANWPalo Alto Networks IncStock8,400$2.15M0.2%+8,400NewHistory
KBRKBR, Inc.COM31,800$2.07M0.2%+31,800NewHistory
LLYEli Lilly & CoStock4,400$2.06M0.2%−1,200−21.4%ReducedHistory
MELIMercadolibre IncCOM1,660$1.97M0.2%+1,050+172.1%AddedHistory
iShares Tr4642874571 3 YR TREAS BD23,754$1.93M0.2%−160,246−87.1%Reduced–
TMOThermo Fisher Scientific Inc.Stock3,570$1.86M0.2%+300+9.2%AddedHistory
ONOn Semiconductor CorpStock19,200$1.82M0.2%+19,200NewHistory
DECKDeckers Outdoor CorpCOM3,350$1.77M0.1%−950−22.1%ReducedHistory
LYVLive Nation Entertainment, Inc.COM19,200$1.75M0.1%+19,200NewHistory
VVisa Inc.Stock7,366$1.75M0.1%−348−4.5%ReducedHistory
BRK.BBerkshire Hathaway IncStock5,085$1.73M0.1%+2,700+113.2%AddedHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF9,608$1.67M0.1%+9,608New–
ATIAti IncStock37,600$1.66M0.1%−4,535−10.8%ReducedHistory
BSXBoston Scientific CorpStock29,095$1.57M0.1%+28,691+7,101.7%AddedHistory
BRK.ABerkshire Hathaway IncCL A3$1.55M0.1%+3NewHistory
Chegg, Inc163092AF6NOTE 9/02,057,000$1.54M0.1%00.0%Unchanged–
CRMSalesforce, Inc.Stock7,257$1.53M0.1%−6,938−48.9%ReducedHistory
HSYHershey CoCOM6,025$1.50M0.1%+875+17.0%AddedHistory
WFC.PLWells Fargo & CompanyPERP PFD CNV A1,300$1.50M0.1%+1,300NewHistory
Insulet Corp45784PAK7NOTE 0.375% 9/01,070,000$1.47M0.1%−920,000−46.2%Reduced–
MAMastercard IncStock2,988$1.18M0.1%−1,705−36.3%ReducedHistory
PetIQ, Inc.71639TAB2NOTE 4.000% 6/01,225,000$1.12M0.1%+220,000+21.9%Added–
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF14,896$1.10M0.1%+14,896New–
JPMJPMorgan Chase & CoStock7,518$1.09M0.1%+2,312+44.4%AddedHistory
AVGOBroadcom Inc.Stock1,258$1.09M0.1%−1,604−56.0%ReducedHistory
PEPPepsiCo IncStock5,697$1.06M0.1%+5,697NewHistory
APOApollo Global Management, Inc.COM12,276$942.9K0.1%+6,475+111.6%AddedHistory
Booking Holdings Inc.09857LAN8NOTE 0.750% 5/0550,000$824.3K0.1%−1,370,000−71.4%Reduced–
CSCOCisco Systems, Inc.Stock15,313$792.3K0.1%+14,895+3,563.4%AddedHistory
TMUST-Mobile US, Inc.Stock4,958$688.7K0.1%+4,958NewHistory
DISWalt Disney CoStock6,186$552.3K<0.1%+5,837+1,672.5%AddedHistory
BACBank of America CorpStock18,005$516.6K<0.1%+16,791+1,383.1%AddedHistory
NVDANVIDIA CorpStock1,201$508.0K<0.1%−5,871−83.0%ReducedHistory
Biomarin Pharmaceutical Inc09061GAK7NOTE 1.250% 5/1503,000$505.7K<0.1%−730,000−59.2%Reduced–
CMCSAComcast CorpStock12,067$501.4K<0.1%−8,613−41.6%ReducedHistory
PGProcter & Gamble CoStock3,193$484.5K<0.1%+3,193NewHistory
JNJJohnson & JohnsonStock2,921$483.5K<0.1%+2,921NewHistory
NFLXNetflix IncStock1,095$482.3K<0.1%+1,049+2,280.4%AddedHistory
iShares Tr4642874407-10 YR TRSY BD4,958$478.9K<0.1%−33,442−87.1%Reduced–
RTXRTX CorpStock4,883$478.3K<0.1%+4,326+776.7%AddedHistory
WFCWells Fargo & CompanyStock10,844$462.8K<0.1%+9,800+938.7%AddedHistory
NEENextera Energy IncStock6,028$447.3K<0.1%+5,730+1,922.8%AddedHistory
HONHoneywell International IncCOM2,126$441.1K<0.1%+1,884+778.5%AddedHistory
HDHome Depot, Inc.Stock1,357$421.5K<0.1%+1,357NewHistory

Sold out since Q1 2023 (42)

Positions held at the end of Q1 2023 that are gone from this filing.

Positions of Rational Advisors LLC sold out since Q1 2023
SecurityClassShares in Q1 2023Value in Q1 2023% of portfolio in Q1 2023History
BDX 6 06/01/23 Pfd075887406CONVERTIBLE PREFERRED STOCK95,200$4.73M0.4%–
DocuSign, Inc.256163AD8NOTE 1/13,350,000$3.20M0.3%–
Boston Scientific Corp1011372065.50% CNV PFD A18,935$2.28M0.2%–
AMDAdvanced Micro Devices IncStock19,701$1.93M0.2%History
ELEstee Lauder Companies IncCL A7,800$1.92M0.2%History
ANETArista Networks, Inc.COM11,143$1.87M0.2%History
REGNRegeneron Pharmaceuticals, Inc.COM2,060$1.69M0.1%History
TWTradeweb Markets Inc.Stock21,183$1.67M0.1%History
WDAYWorkday, Inc.CL A7,840$1.62M0.1%History
SNPSSynopsys IncCOM4,050$1.56M0.1%History
Wix.com Ltd.92940WAD1NOTE 8/11,780,000$1.54M0.1%–
ROPRoper Technologies IncStock3,311$1.46M0.1%History
GLWCorning IncCOM39,509$1.39M0.1%History
MODNModel N, Inc.COM40,037$1.34M0.1%History
PAYCPaycom Software, Inc.Stock4,161$1.26M0.1%History
KKR and Co Inc 6 McOnv PFD C48251W401CONVERTIBLE PREFERRED STOCK17,100$1.08M0.1%–
MOG.AMoog Inc.CL A10,395$1.05M0.1%History
BMYBristol Myers Squibb CoStock13,419$930.1K0.1%History
GWWW.W. Grainger, Inc.Stock1,287$886.5K0.1%History
AMATApplied Materials IncStock7,142$877.3K0.1%History
DEDeere & CoStock2,095$865.0K0.1%History
DOCHealthpeak Properties, Inc.COM39,191$861.0K0.1%History
DRIDarden Restaurants IncCOM5,446$845.0K0.1%History
HOLXHologic IncCOM10,307$831.8K0.1%History
CAHCardinal Health IncStock10,643$803.5K0.1%History
VLOValero Energy CorpStock5,705$796.4K0.1%History
ADMArcher-Daniels-Midland CoStock9,855$785.0K0.1%History
CAGConagra Brands Inc.Stock20,248$760.5K0.1%History
ULTAUlta Beauty, Inc.Stock1,299$708.8K0.1%History
RLRalph Lauren CorpCL A5,964$695.8K0.1%History
LDOSLeidos Holdings, Inc.COM7,217$664.4K0.1%History
AFLAflac IncStock10,224$659.7K0.1%History
ROSTRoss Stores, Inc.COM6,070$644.2K0.1%History
ALKAlaska Air Group, Inc.COM14,271$598.8K<0.1%History
EXCExelon CorpStock14,140$592.3K<0.1%History
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS17,300$566.1K<0.1%History
ATOAtmos Energy CorpCOM4,866$546.7K<0.1%History
AMCRAmcor plcORD45,986$523.3K<0.1%History
FMCFMC CorpCOM NEW4,240$517.8K<0.1%History
OXYOccidental Petroleum CorpStock6,600$412.0K<0.1%History
GEVOGevo, Inc.COM PAR2,110$3.25K<0.1%History
OTLYOatly Group ABSPONSORED ADS1,092$2.64K<0.1%History