Note Advisors, LLC

Q4 2025 13F-HR Holdings

Location
Buffalo, NY
Holdings as of
12/31/2025
Date filed
2/18/2026
Form type
13F-HR
Num holdings
82
Total value ($000)
$194,944
Net value change ($000)
+26,757 (15.9%)
New positions
5
Sold out positions
6
Turnover %
2.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
DFAC 4,682 88.1%
DFCF 4,383 30.4%
DFAU 3,790 10.2%
DFAI 2,551 20.0%
DFGX 1,708 124.1%
COR 1,355 591.7%
DFAE 1,233 25.1%
DFIC 1,159 NEW
NYF 924 22.2%
VYMI 866 22.2%
Top Reduces (Value $000, Stocks/ETFs)
FPE -946 -100.0%
BNDX -785 -18.2%
URI -334 -100.0%
ORCL -255 -100.0%
NVDA -209 -100.0%
V -208 -100.0%
BX -201 -100.0%
MSFT -184 -14.2%
IAGG -124 -11.7%
AAPL -85 -8.1%
Instrument mix + QoQ Δ (ex-options)
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