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Rational Advisors LLC

SEC CIK
0001143565
Latest filing
Jul 24, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 12, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
193
+2 vs. Q2 2025
Portfolio value
$1.01B
−$3.92M (−0.4%) vs. Q2 2025
Filed
Nov 12, 2025
SEC
Holdings of Rational Advisors LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
State Street SPDR Portfolio Aggregate Bond ETF78464A649ETF2,937,303$75.9M7.6%−31,333−1.1%Reduced–
Vanguard Total Bond Market ETF921937835ETF1,020,615$75.9M7.6%−11,788−1.1%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF756,348$75.8M7.5%−8,725−1.1%Reduced–
Invesco Nasdaq 100 ETF46138G649ETF206,555$51.0M5.1%−18,766−8.3%Reduced–
Global X FDS37954Y293GLB X MLP ENRG I808,015$50.7M5.0%−9,251−1.1%Reduced–
State Street Utilities Select Sector SPDR ETF81369Y886ETF540,865$47.2M4.7%+30,064+5.9%Added–
iShares Core S&P 500 ETF464287200ETF69,433$46.5M4.6%+858+1.3%Added–
Vanguard Dividend Appreciation ETF921908844ETF194,391$41.9M4.2%−34,749−15.2%Reduced–
WisdomTree Tr97717Y790US EFFIC CORE FD713,693$38.5M3.8%−65,383−8.4%Reduced–
Schwab U.S. REIT ETF808524847ETF1,533,928$33.1M3.3%−16,586−1.1%Reduced–
J P Morgan Exchange Traded F46641Q332EQUITY PREMIUM507,268$29.0M2.9%−7,024−1.4%Reduced–
SPDR Series Trust78468R606ST PORT HIGH ETF1,041,882$24.9M2.5%−12,162−1.2%Reduced–
Global X FDS37954Y657US PFD ETF1,069,210$20.8M2.1%−33,208−3.0%Reduced–
Vanguard S&P 500 ETF922908363ETF33,100$20.3M2.0%−6,399−16.2%Reduced–
State Street SPDR Portfolio S&P 500 ETF78464A854ETF212,625$16.7M1.7%−19,061−8.2%Reduced–
Dimensional ETF Trust25434V872CORE FIXE IN ETF388,805$16.6M1.7%−7,098−1.8%Reduced–
Schwab Strategic Tr8085246985 10YR CORP BD540,680$12.5M1.2%−10,529−1.9%Reduced–
iShares Core MSCI Eafe ETF46432F842ETF140,180$12.2M1.2%−141,052−50.2%Reduced–
Uber Technologies, Inc90353TAM2NOTE 0.875%12/07,339,000$10.8M1.1%00.0%Unchanged–
Bank of Amer Corp0605056827.25%CNV PFD L8,048$10.3M1.0%00.0%Unchanged–
WFC.PLWells Fargo & CompanyPERP PFD CNV A8,200$10.1M1.0%00.0%UnchangedHistory
On Semiconductor Corp682189AU9NOTE 0.500% 3/09,952,000$9.18M0.9%+9,952,000New–
Global PMTS Inc37940XAU6NOTE 1.500% 3/09,457,000$8.66M0.9%+2,790,000+41.8%Added–
GOOGLAlphabet Inc.Stock35,303$8.58M0.9%+26,976+324.0%AddedHistory
KKR.PDKKR & Co. Inc.6.25 CON SER D161,600$8.46M0.8%+9,400+6.2%AddedHistory
Ventas Rlty Ltd Partnership92277GAZ0NOTE 3.750% 6/06,310,000$8.15M0.8%+1,280,000+25.4%Added–
iShares Tr464288588MBS ETF85,050$8.09M0.8%−4,060−4.6%Reduced–
Alliant Energy Corp018802AC2NOTE 3.875% 3/16,930,000$7.45M0.7%00.0%Unchanged–
METAMeta Platforms, Inc.Stock10,013$7.35M0.7%−3,596−26.4%ReducedHistory
iShares Core MSCI Emerging Markets ETF46434G103ETF109,392$7.21M0.7%+109,392New–
Meritage Homes CORP59001ABF8NOTE 1.750% 5/17,022,000$7.19M0.7%+4,910,000+232.5%Added–
PPL Cap FDG Inc69352PAS2NOTE 2.875% 3/16,280,000$7.17M0.7%−980,000−13.5%Reduced–
Etsy Inc29786AAN6NOTE 0.250% 6/18,040,000$7.09M0.7%00.0%Unchanged–
Ford MTR Co Del345370CZ1NOTE 3/16,740,000$6.83M0.7%+4,630,000+219.4%Added–
AMZNAmazon Com IncStock30,910$6.79M0.7%+1,663+5.7%AddedHistory
MSFTMicrosoft CorpStock13,045$6.76M0.7%+136+1.1%AddedHistory
American WTR Cap Corp03040WBE4NOTE 3.625% 6/16,510,000$6.52M0.6%−510,000−7.3%Reduced–
HPE.PCHewlett Packard Enterprise Co7.625 MAND CONV89,140$6.05M0.6%+89,140NewHistory
SHIFT4 PMTS Inc82452JAD1NOTE 0.500% 8/05,746,000$5.65M0.6%−1,260,000−18.0%Reduced–
AAPLApple Inc.Stock20,397$5.19M0.5%+1,024+5.3%AddedHistory
DraftKings Inc.26142RAB0NOTE 3/15,780,000$5.19M0.5%−2,870,000−33.2%Reduced–
TSLATesla, Inc.Stock11,544$5.13M0.5%+8,580+289.5%AddedHistory
WMTWalmart Inc.Stock47,191$4.86M0.5%+2,502+5.6%AddedHistory
NFLXNetflix IncStock3,998$4.79M0.5%+985+32.7%AddedHistory
NOWServiceNow, Inc.Stock4,764$4.38M0.4%−308−6.1%ReducedHistory
Invesco Exch Traded FD Tr II46138G805TAXABLE MUN BD154,918$4.23M0.4%−2,934−1.9%Reduced–
MCHPPMicrochip Technology IncDEP SHS REPSTG70,100$4.14M0.4%+70,100NewHistory
COSTCostco Wholesale CorpStock4,314$3.99M0.4%+91+2.2%AddedHistory
Okta, Inc.679295AF2NOTE 0.375% 6/14,032,000$3.91M0.4%−3,370,000−45.5%Reduced–
MOG.AMoog Inc.CL A18,300$3.80M0.4%+18,300NewHistory
UBERUber Technologies, IncStock38,320$3.75M0.4%+8,780+29.7%AddedHistory
SPYSPDR S&P 500 ETF TrustETF5,606$3.73M0.4%−1,283−18.6%ReducedHistory
MPWRMonolithic Power Systems, Inc.COM3,900$3.59M0.4%+3,900NewHistory
INTUIntuit Inc.Stock5,180$3.54M0.4%+5,108+7,094.4%AddedHistory
NEE.PTNextera Energy IncUNIT 11/01/202774,400$3.50M0.3%00.0%UnchangedHistory
TJXTJX Companies IncStock24,000$3.47M0.3%−3,500−12.7%ReducedHistory
SPOTSpotify Technology S.A.Stock4,775$3.33M0.3%−150−3.0%ReducedHistory
APOApollo Global Management, Inc.COM24,780$3.30M0.3%−2,464−9.0%ReducedHistory
ITTItt Inc.COM18,300$3.27M0.3%+18,300NewHistory
BXBlackstone Inc.COM18,654$3.19M0.3%−3,670−16.4%ReducedHistory
NVDANVIDIA CorpStock16,972$3.17M0.3%+4,476+35.8%AddedHistory
KKRKKR & Co. Inc.COM23,350$3.03M0.3%−3,800−14.0%ReducedHistory
CCLCarnival Corp Ltd.UNIT 99/99/9999103,500$2.99M0.3%+103,500NewHistory
MELIMercadolibre IncCOM1,250$2.92M0.3%+150+13.6%AddedHistory
AXPAmerican Express CoStock8,704$2.89M0.3%+8,524+4,735.6%AddedHistory
LYVLive Nation Entertainment, Inc.COM16,516$2.70M0.3%−7,006−29.8%ReducedHistory
EXPEExpedia Group, Inc.Stock10,500$2.24M0.2%+10,500NewHistory
PROS Holdings, Inc.74346YAG8NOTE 2.250% 9/12,211,000$2.18M0.2%00.0%Unchanged–
ARES.PBAres Management Corp6.75 SE B PFD42,100$2.09M0.2%−74,000−63.7%ReducedHistory
Apollo Global Mgmt Inc03769M304SER A MAND CNV29,700$2.09M0.2%−86,100−74.4%Reduced–
VVisa Inc.Stock5,657$1.93M0.2%−2,851−33.5%ReducedHistory
AVGOBroadcom Inc.Stock5,570$1.84M0.2%+879+18.7%AddedHistory
SHOPShopify Inc.Stock12,200$1.81M0.2%+12,200NewHistory
BNBROOKFIELD CorpCL A LTD VT SH25,500$1.75M0.2%00.0%UnchangedHistory
PODDInsulet CorpStock4,400$1.36M0.1%+4,400NewHistory
JPMJPMorgan Chase & CoStock3,769$1.19M0.1%+111+3.0%AddedHistory
GSGoldman Sachs Group IncStock1,450$1.15M0.1%+1,450NewHistory
PLTRPalantir Technologies Inc.Stock6,230$1.14M0.1%−872−12.3%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR3,914$1.09M0.1%+2,546+186.1%AddedHistory
EBAYeBay IncCOM11,900$1.08M0.1%+11,900NewHistory
HSBCHSBC Holdings PLCSPON ADR NEW14,685$1.04M0.1%−1,038−6.6%ReducedHistory
Coinbase Global, Inc.19260QAF4NOTE 0.250% 4/0800,000$1.00M0.1%−2,020,000−71.6%Reduced–
ETSYEtsy IncCOM15,100$1.00M0.1%+15,100NewHistory
CMGChipotle Mexican Grill IncCOM25,000$979.8K0.1%+25,000NewHistory
ABBVAbbVie Inc.Stock4,186$969.2K0.1%+1,805+75.8%AddedHistory
LLYEli Lilly & CoStock1,176$897.3K0.1%−1,608−57.8%ReducedHistory
IBMInternational Business Machines CorpStock3,119$880.1K0.1%+749+31.6%AddedHistory
GOOGAlphabet Inc.Stock3,440$837.8K0.1%−124−3.5%ReducedHistory
BRK.BBerkshire Hathaway IncStock1,639$824.0K0.1%+164+11.1%AddedHistory
SNPSSynopsys IncCOM1,616$797.3K0.1%+1,544+2,144.4%AddedHistory
HOODRobinhood Markets, Inc.Stock5,488$785.8K0.1%+5,488NewHistory
XOMExxonMobil Holdings CorpCOM6,885$776.3K0.1%−2,849−29.3%ReducedHistory
iShares Tr464288760US AER DEF ETF3,703$774.9K0.1%+27+0.7%Added–
HDHome Depot, Inc.Stock1,903$771.1K0.1%−574−23.2%ReducedHistory
CDNSCadence Design Systems IncStock2,159$758.4K0.1%+2,087+2,898.6%AddedHistory
ORCLOracle CorpStock2,614$735.2K0.1%+1,894+263.1%AddedHistory
iShares Tr46435U135CYBERSECURITY12,641$661.5K0.1%+4,825+61.7%Added–
MCDMcDonalds CorpStock1,870$568.3K0.1%+1,289+221.9%AddedHistory
PANWPalo Alto Networks IncStock2,772$564.4K0.1%+733+35.9%AddedHistory
HONHoneywell International IncCOM2,672$562.5K0.1%+2,672NewHistory

Sold out since Q2 2025 (27)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Rational Advisors LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
BKNGBooking Holdings Inc.Stock1,600$9.26M0.9%History
Dexcom Inc252131AK3NOTE 0.250%11/19,150,000$8.98M0.9%–
Cyberark Software LtdM2682V108SHS14,000$5.70M0.6%–
Tyler Tex Indpt SCH Dist902252AB1NOTE 0.250% 3/13,320,000$4.08M0.4%–
VEEVVeeva Systems IncStock12,500$3.60M0.4%History
PGRProgressive CorpStock12,000$3.20M0.3%History
KOCoca Cola CoStock43,578$3.08M0.3%History
TWTradeweb Markets Inc.Stock14,600$2.14M0.2%History
ORLYO Reilly Automotive IncStock19,125$1.72M0.2%History
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF13,987$1.13M0.1%–
State Street Financial Select Sector SPDR ETF81369Y605ETF21,069$1.10M0.1%–
State Street Industrial Select Sector SPDR ETF81369Y704ETF6,507$959.9K0.1%–
BRK.ABerkshire Hathaway IncCL A1$728.8K0.1%History
State Street Communication Services Select Sector SPDR ETF81369Y852ETF6,441$699.0K0.1%–
State Street Real Estate Select Sector SPDR ETF81369Y860ETF16,714$692.3K0.1%–
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF3,175$690.0K0.1%–
PYPLPayPal Holdings, Inc.Stock7,453$553.9K0.1%History
SLBSLB LimitedStock16,081$543.5K0.1%History
Vanguard Information Technology ETF92204A702ETF720$477.6K<0.1%–
HUBSHubSpot IncCOM750$417.5K<0.1%History
SPGSimon Property Group Inc.REIT2,549$409.8K<0.1%History
INTCIntel CorpStock16,844$377.3K<0.1%History
MSMorgan StanleyStock2,547$358.8K<0.1%History
CIENCiena CorpCOM NEW2,200$178.9K<0.1%History
UNPUnion Pacific CorpStock716$164.7K<0.1%History
CRSPCRISPR Therapeutics AGNAMEN AKT2,131$103.7K<0.1%History
NBISNebius Group N.V.Stock695$38.5K<0.1%History