Institutional
POTOMAC FUND MANAGEMENT INC /ADV
CIK 0000826000
$2.88B
Reported AUM
105
Positions
Q1 2026
Period
2026-05-14
Filed
The Brief · POTOMAC FUND MANAGEMENT INC /ADV · Q1 2026
AI · grounded in 13F
POTOMAC FUND MANAGEMENT INC /ADV closed its position in VOO, reducing exposure by $1.66B. The fund also exited positions in XBB and XCCC, selling $48.3M and $48.1M respectively. To offset these exits, the fund established new positions in PDBC for $29.1M and KMLM for $28.1M. Additionally, the fund accumulated shares of IVV, increasing its position by 196,476%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | IVV | ISHARES TR | $740.91 | -2.62% | 24.60% | 80.03% | $1.97B | 68.45% | +3,013,944 | +196476.1% |
| 2 | XHLF | BONDBLOXX ETF TRUST | $50.20 | 0.04% | 4.25% | 17.34% | $323.0M | 11.22% | −1,676,621 | −20.7% |
| 3 | SGOV | ISHARES TR | $100.45 | 0.03% | 4.31% | 19.02% | $91.2M | 3.17% | +50,135 | +5.9% |
| 4 | SECT | NORTHERN LTS FD TR IV | $69.45 | -3.39% | 25.68% | 73.54% | $50.3M | 1.75% | +8,454 | +1.0% |
| 5 | PDBC | INVESCO ACTVELY MNGD ETC FD | $17.58 | 0.66% | 39.74% | 69.18% | $29.1M | 1.01% | +1,682,529 | NEW |
| 6 | DBMF | LITMAN GREGORY FDS TR | $30.83 | 0.56% | 28.17% | 47.24% | $28.5M | 0.99% | +85,843 | +10.0% |
| 7 | KMLM | KRANESHARES TRUST | $28.38 | -0.35% | 12.51% | 21.90% | $28.1M | 0.98% | +995,402 | NEW |
| 8 | UUP | INVESCO DB US DLR INDEX TR | $28.01 | -0.04% | 5.60% | 31.22% | $28.0M | 0.97% | +1,007,882 | NEW |
| 9 | DXJ | WISDOMTREE TR | $169.25 | -2.44% | 50.77% | 224.77% | $25.2M | 0.88% | −1,220 | −0.8% |
| 10 | XLV | SELECT SECTOR SPDR TR | $153.01 | 0.61% | 15.89% | 25.01% | $25.2M | 0.87% | +20,892 | +13.8% |
| 11 | XLP | SELECT SECTOR SPDR TR | $83.44 | 1.71% | 4.97% | 32.24% | $24.8M | 0.86% | +302,748 | NEW |
| 12 | VHT | VANGUARD WORLD FD | $284.13 | 0.26% | 16.76% | 18.87% | $24.8M | 0.86% | +11,301 | +14.2% |
| 13 | ROE | EA SERIES TRUST | $41.16 | -3.33% | 32.67% | 73.62% | $24.2M | 0.84% | +681,726 | NEW |
| 14 | SIL | GLOBAL X FDS | $80.33 | 1.32% | 65.98% | 99.10% | $16.1M | 0.56% | +15,311 | +9.3% |
| 15 | SMH | VANECK ETF TRUST | $569.69 | -9.22% | 126.12% | 346.26% | $15.8M | 0.55% | +2,261 | +5.8% |
| 16 | ILF | ISHARES TR | $32.90 | -0.71% | 35.64% | 57.60% | $15.7M | 0.54% | −18,996 | −4.1% |
| 17 | XME | SPDR SERIES TRUST | $118.60 | -7.81% | 84.93% | 175.51% | $15.6M | 0.54% | +12,767 | +9.7% |
| 18 | ITA | ISHARES TR | $229.45 | -0.92% | 26.77% | 121.06% | $15.5M | 0.54% | +70,900 | NEW |
| 19 | EFV | ISHARES TR | $76.90 | -1.91% | 25.29% | 81.64% | $15.3M | 0.53% | +206,400 | NEW |
| 20 | XLE | SELECT SECTOR SPDR TR | $57.67 | -1.84% | 42.72% | 178.12% | $14.7M | 0.51% | +240,300 | NEW |
| 21 | BUYW | NORTHERN LTS FD TR IV | $14.40 | -0.55% | 9.39% | 44.85% | $10.0M | 0.35% | +10,486 | +1.5% |
| 22 | EDGF | ADVISORS INNER CIRCLE FD II | $24.85 | 0.12% | 3.22% | 4.31% | $7.9M | 0.28% | +215,055 | +203.5% |
| 23 | EDGH | ADVISORS INNER CIRCLE FD II | $33.33 | -2.29% | 25.34% | 40.85% | $2.7M | 0.09% | −16,991 | −17.7% |
| 24 | SHEL | SHELL PLC | $85.40 | -1.53% | 30.38% | 153.69% | $2.5M | 0.09% | +612 | +2.3% |
| 25 | TMAT | NORTHERN LTS FD TR IV | $28.66 | -6.09% | 30.24% | 25.83% | $2.4M | 0.08% | −630 | −0.6% |
| 26 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | -10.71% | 52.39% | $2.3M | 0.08% | +183 | +3.0% |
| 27 | SPYM | SPDR SERIES TRUST | $86.81 | -2.58% | 24.60% | 80.04% | $2.3M | 0.08% | +30,462 | NEW |
| 28 | LHX | L3HARRIS TECHNOLOGIES INC | $307.83 | -0.63% | 28.70% | 49.94% | $2.3M | 0.08% | −626 | −8.6% |
| 29 | GILD | GILEAD SCIENCES INC | $129.16 | -0.02% | 17.90% | 125.52% | $2.3M | 0.08% | −912 | −5.3% |
| 30 | JPM | JPMORGAN CHASE & CO | $312.37 | 0.48% | 19.84% | 133.52% | $2.1M | 0.07% | +159 | +2.3% |
| 31 | AZN | ASTRAZENECA PLC | $185.95 | 2.28% | — | — | $2.1M | 0.07% | +10,398 | NEW |
| 32 | WMT2 | WELLS FARGO & CO | — | — | — | — | $2.0M | 0.07% | +616 | +2.6% |
| 33 | HON | HONEYWELL INTL INC | $213.97 | -1.69% | — | — | $2.0M | 0.07% | +227 | +2.7% |
| 34 | MCD | MCDONALDS CORP | $279.84 | 2.61% | — | — | $1.9M | 0.07% | +192 | +3.2% |
| 35 | PG | PROCTER & GAMBLE CO | $146.54 | 4.09% | — | — | $1.7M | 0.06% | +558 | +5.0% |
| 36 | EDGU | ADVISORS INNER CIRCLE FD II | $31.00 | -3.12% | — | — | $1.7M | 0.06% | +12,564 | +26.4% |
| 37 | HD | HOME DEPOT INC | $310.78 | 0.27% | — | — | $1.7M | 0.06% | +226 | +4.7% |
| 38 | ABT | ABBOTT LABORATORIES | $91.07 | 0.32% | — | — | $1.6M | 0.06% | −1,181 | −7.1% |
| 39 | COP | CONOCOPHILLIPS | $117.14 | -1.75% | — | — | $1.6M | 0.05% | +319 | +2.8% |
| 40 | CMCSA | COMCAST CORP NEW | $23.82 | 2.10% | — | — | $1.6M | 0.05% | +3,635 | +7.2% |
| 41 | USB | US BANCORP | $55.69 | 0.41% | — | — | $1.5M | 0.05% | +595 | +2.1% |
| 42 | ADI | ANALOG DEVICES INC | $401.39 | -6.38% | — | — | $1.4M | 0.05% | −761 | −14.3% |
| 43 | PNC | PNC FINL SVCS GROUP INC | $228.37 | 0.57% | — | — | $1.4M | 0.05% | +136 | +2.0% |
| 44 | AJG | GALLAGHER ARTHUR J & CO | $216.14 | 2.44% | — | — | $1.4M | 0.05% | +535 | +9.1% |
| 45 | EQIX | EQUINIX INC | $1080.95 | -0.75% | — | — | $1.4M | 0.05% | +38 | +2.8% |
| 46 | BAC | BANK AMERICA CORP | $53.83 | -0.63% | — | — | $1.3M | 0.05% | +649 | +2.4% |
| 47 | Q | QNITY ELECTRONICS INC | $142.05 | -8.24% | — | — | $1.3M | 0.05% | −162 | −1.4% |
| 48 | PEP | PEPSICO INC | $141.92 | -0.16% | — | — | $1.2M | 0.04% | +349 | +4.7% |
| 49 | TEL | TE CONNECTIVITY PLC | $207.68 | -2.34% | — | — | $1.2M | 0.04% | +5,710 | NEW |
| 50 | DD | DUPONT DE NEMOURS INC | $46.85 | -1.68% | — | — | $1.2M | 0.04% | +989 | +4.0% |
| 51 | UPS | UNITED PARCEL SVCS INC | $108.54 | -1.52% | — | — | $1.2M | 0.04% | +555 | +4.9% |
| 52 | WM | WASTE MGMT INC DEL | $220.40 | 0.63% | — | — | $1.1M | 0.04% | +300 | +7.0% |
| 53 | AGG | ISHARES TR | $98.17 | -0.50% | — | — | $977K | 0.03% | +743 | +8.2% |
| 54 | EDGI | ADVISORS INNER CIRCLE FD II | $30.25 | -3.34% | — | — | $943K | 0.03% | −161,029 | −82.9% |
| 55 | CVX | CHEVRON CORPORATION | $187.31 | -0.55% | — | — | $813K | 0.03% | −99 | −2.5% |
| 56 | VEA | VANGUARD TAX-MANAGED FDS | $69.17 | -3.72% | — | — | $801K | 0.03% | −1,251 | −9.1% |
| 57 | JNJ | JOHNSON & JOHNSON | $232.77 | 2.02% | — | — | $775K | 0.03% | −391 | −11.0% |
| 58 | TFLO | ISHARES TR | $50.53 | 0.03% | — | — | $754K | 0.03% | +2,314 | +18.4% |
| 59 | STIP | ISHARES TR | $102.28 | -0.23% | — | — | $744K | 0.03% | +736 | +11.4% |
| 60 | SOLS | SOLSTICE ADVANCED MATLS INC | $81.02 | -3.70% | — | — | $732K | 0.03% | −3,417 | −26.2% |
| 61 | SRE | SEMPRA | $91.42 | 1.20% | — | — | $704K | 0.02% | +266 | +3.8% |
| 62 | VUG | VANGUARD INDEX FDS | $85.93 | -3.62% | — | — | $698K | 0.02% | +111 | +7.5% |
| 63 | EVRG | EVERGY INC | $82.97 | -0.36% | — | — | $685K | 0.02% | +353 | +4.4% |
| 64 | MCHP | MICROCHIP TECHNOLOGY INC. | $88.34 | -8.27% | — | — | $679K | 0.02% | −634 | −5.7% |
| 65 | RTX | RTX CORPORATION | $180.99 | 0.88% | — | — | $664K | 0.02% | −85 | −2.4% |
| 66 | NVDA | NVIDIA CORPORATION | $205.10 | -6.20% | — | — | $654K | 0.02% | −32 | −0.8% |
| 67 | EMN | EASTMAN CHEM CO | $71.32 | -0.72% | — | — | $640K | 0.02% | +435 | +5.5% |
| 68 | LLY | ELI LILLY & CO | $1131.42 | 0.55% | — | — | $608K | 0.02% | −3 | −0.5% |
| 69 | AVGO | BROADCOM INC | $385.73 | -7.92% | — | — | $601K | 0.02% | −40 | −2.0% |
| 70 | QCOM | QUALCOMM INC | $215.94 | -10.98% | — | — | $597K | 0.02% | +4,638 | NEW |
| 71 | AMZN | AMAZON COM INC | $246.03 | -3.06% | — | — | $587K | 0.02% | −2,001 | −41.5% |
| 72 | NOW | SERVICENOW INC | $112.45 | -5.79% | — | — | $574K | 0.02% | +2,743 | +99.7% |
| 73 | GOOG | ALPHABET INC | $365.76 | -0.95% | — | — | $572K | 0.02% | −6 | −0.3% |
| 74 | IEI | ISHARES TR | $116.73 | -0.38% | — | — | $571K | 0.02% | +1,867 | +63.4% |
| 75 | VMBS | VANGUARD SCOTTSDALE FDS | $46.50 | 0.26% | — | — | $564K | 0.02% | +1,338 | +12.5% |
| 76 | MA | MASTERCARD INCORPORATED | $491.08 | 1.93% | — | — | $553K | 0.02% | −15 | −1.3% |
| 77 | ORCL | ORACLE CORP | $213.68 | -9.59% | — | — | $544K | 0.02% | −20 | −0.5% |
| 78 | VTV | VANGUARD INDEX FDS | $212.02 | -1.36% | — | — | $537K | 0.02% | −200 | −6.8% |
| 79 | SHOP | SHOPIFY INC | $109.54 | -5.60% | — | — | $535K | 0.02% | +610 | +15.7% |
| 80 | V | VISA INC | $323.57 | 1.06% | — | — | $525K | 0.02% | −17 | −1.0% |
| 81 | NTES | NETEASE COM INC | $119.48 | -2.65% | — | — | $510K | 0.02% | +260 | +6.0% |
| 82 | IAU | ISHARES GOLD TR | $81.22 | -3.63% | — | — | $491K | 0.02% | +214 | +4.0% |
| 83 | EAGG | ISHARES TR | $47.06 | 0.03% | — | — | $490K | 0.02% | +1,220 | +13.4% |
| 84 | SHY | ISHARES TR | $81.86 | -0.21% | — | — | $483K | 0.02% | +248 | +4.4% |
| 85 | BNDX | VANGUARD CHARLOTTE FDS | $48.01 | -0.15% | — | — | $469K | 0.02% | +314 | +3.3% |
| 86 | BSV | VANGUARD BD INDEX FDS | $77.60 | -0.26% | — | — | $446K | 0.02% | +121 | +2.2% |
| 87 | SNPE | DBX ETF TR | $67.41 | -2.56% | — | — | $427K | 0.01% | −275 | −3.7% |
| 88 | CSGP | COSTAR GROUP INC | $33.89 | 0.68% | — | — | $379K | 0.01% | +9,387 | NEW |
| 89 | ZTS | ZOETIS INC | $79.35 | -0.11% | — | — | $375K | 0.01% | +1 | +0.0% |
| 90 | MSCI | MSCI INC | $615.46 | -0.55% | — | — | $361K | 0.01% | +6 | +0.9% |
| 91 | VWO | VANGUARD INTL EQUITY INDEX F | $58.03 | -3.78% | — | — | $328K | 0.01% | −192 | −3.1% |
| 92 | SBUX | STARBUCKS CORP | $95.29 | 1.22% | — | — | $327K | 0.01% | −27 | −0.7% |
| 93 | IJH | ISHARES TR | $73.95 | -2.00% | — | — | $310K | 0.01% | +114 | +2.5% |
| 94 | AON | AON PLC | $328.53 | 1.95% | — | — | $296K | 0.01% | −9 | −1.0% |
| 95 | QQQ | INVESCO QQQ TR | $705.06 | -4.80% | — | — | $290K | 0.01% | +20 | +4.1% |
| 96 | IDXX | IDEXX LABS INC | $562.16 | -0.46% | — | — | $287K | 0.01% | −7 | −1.4% |
| 97 | IJR | ISHARES TR | $137.68 | -1.84% | — | — | $274K | 0.01% | −448 | −16.9% |
| 98 | ISRG | INTUITIVE SURGICAL INC | $422.06 | 0.77% | — | — | $230K | 0.01% | +1 | +0.2% |
| 99 | XLF | SELECT SECTOR SPDR TR | $52.30 | 0.21% | — | — | $222K | 0.01% | +441 | +10.9% |
| 100 | ABNB | AIRBNB INC | $133.54 | -0.13% | — | — | $219K | 0.01% | −10 | −0.6% |
| 101 | ACN | ACCENTURE PLC IRELAND | — | — | — | — | $217K | 0.01% | −5,528 | −83.5% |
| 102 | SNPS | SYNOPSYS INC | — | — | — | — | $213K | 0.01% | −4 | −0.7% |
| 103 | BIV | VANGUARD BD INDEX FDS | — | — | — | — | $211K | 0.01% | +65 | +2.4% |
| 104 | BLV | VANGUARD BD INDEX FDS | — | — | — | — | $207K | 0.01% | +72 | +2.5% |
| 105 | SNDA | SONIDA SENIOR LIVING INC | — | — | — | — | $206K | 0.01% | +6,387 | NEW |
| 106 | VOO | VANGUARD INDEX FDS | — | — | — | — | — | — | −2,653,203 | EXITED |
| 107 | XBB | BONDBLOXX ETF TRUST | — | — | — | — | — | — | −1,174,307 | EXITED |
| 108 | XCCC | BONDBLOXX ETF TRUST | — | — | — | — | — | — | −1,264,638 | EXITED |
| 109 | USHY | ISHARES TR | — | — | — | — | — | — | −676,301 | EXITED |
| 110 | VWOB | VANGUARD WHITEHALL FDS | — | — | — | — | — | — | −374,164 | EXITED |
| 111 | XEMD | BONDBLOXX ETF TRUST | — | — | — | — | — | — | −564,718 | EXITED |
| 112 | VTI | VANGUARD INDEX FDS | — | — | — | — | — | — | −68,273 | EXITED |
| 113 | CWB | SPDR SERIES TRUST | — | — | — | — | — | — | −255,798 | EXITED |
| 114 | SDIV | GLOBAL X FDS | — | — | — | — | — | — | −584,970 | EXITED |
| 115 | IBB | ISHARES TR | — | — | — | — | — | — | −81,760 | EXITED |
| 116 | ARKK | ARK ETF TR | — | — | — | — | — | — | −176,624 | EXITED |
| 117 | AZNN | ASTRAZENECA PLC | — | — | — | — | — | — | −20,737 | EXITED |
| 118 | NVO | NOVO-NORDISK A S | — | — | — | — | — | — | −32,510 | EXITED |
| 119 | ADBE | ADOBE INC | — | — | — | — | — | — | −739 | EXITED |
| 120 | SPIB | SPDR SERIES TRUST | — | — | — | — | — | — | −6,693 | EXITED |
| 121 | BSX | BOSTON SCIENTIFIC CORP | — | — | — | — | — | — | −2,317 | EXITED |
| 122 | INTU | INTUIT | — | — | — | — | — | — | −303 | EXITED |
Source: SEC EDGAR · accession 0000826000-26-000005. 13F discloses long positions only — shorts, foreign equities, and options are excluded.