Castellan Group

Q3 2025 13F-HR Holdings

Location
Louisville, KY
Holdings as of
9/30/2025
Date filed
10/23/2025
Form type
13F-HR
Num holdings
40
Total value ($000)
$690,372
Net value change ($000)
+147,585 (27.2%)
New positions
6
Sold out positions
2
Turnover %
3.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 1/23/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CTEF 111,459 32.2%
CTIF 23,340 19.5%
NJR 3,659 NEW
FR 3,645 NEW
TRNO 3,578 NEW
GOOGL 1,729 NEW
GLTR 1,253 21.7%
LRN 944 NEW
META 734 NEW
ES 548 15.4%
Top Reduces (Value $000, Stocks/ETFs)
BOXX -4,035 -80.7%
EXR -3,119 -100.0%
SRE -3,057 -100.0%
CWEN -432 -10.9%
HESM -113 -3.7%
PGR -40 -7.5%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 2,332 (0.3% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type