Addis & Hill, Inc Concentrated Active

CIK: 0002016470 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 6, 2026

Total Value ($000): $165,064 (100.0% shares, 0.0% debt)

Holdings (27)

Increased Positions (5)

VPL VANGUARD INTL EQUITY INDEX F 10.5%

Value ($000) $17,399 (+4.1%) Shares 192,466 (+1.5%) Est. Cost $10.51 Unrealized —

IWM ISHARES TR 2.8%

Value ($000) $4,698 (+5.7%) Shares 19,086 (+4.2%) Est. Cost $203.71 Unrealized —

ET ENERGY TRANSFER L P 0.8%

Value ($000) $1,292 (+8.1%) Shares 78,329 (+11.4%) Est. Cost $1.70 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 0.5%

Value ($000) $879 (+6.9%) Shares 14,965 (+6.9%) Est. Cost $58.69 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 3.1%

Value ($000) $5,174 (+0.7%) Shares 96,251 (+2.1%) Est. Cost $6.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VPL	VANGUARD INTL EQUITY INDEX F	192,466 (+1.5%)	$17,399 (+4.1%)	10.5%	$10.51	—	FTSE PACIFIC ETF	922042866
IWM	ISHARES TR	19,086 (+4.2%)	$4,698 (+5.7%)	2.8%	$203.71	—	RUSSELL 2000 ETF	464287655
ET	ENERGY TRANSFER L P	78,329 (+11.4%)	$1,292 (+8.1%)	0.8%	$1.70	—	COM UT LTD PTN	29273V100
VGSH	VANGUARD SCOTTSDALE FDS	14,965 (+6.9%)	$879 (+6.9%)	0.5%	$58.69	—	SHORT TERM TREAS	92206C102
VWO	VANGUARD INTL EQUITY INDEX F	96,251 (+2.1%)	$5,174 (+0.7%)	3.1%	$6.17	—	FTSE EMR MKT ETF	922042858

Decreased Positions (9)

VTI VANGUARD INDEX FDS 12.9%

Value ($000) $21,257 (-2.8%) Shares 63,402 (-4.5%) Est. Cost $0.26 Unrealized —

WMB WILLIAMS COS INC 0.4%

Value ($000) $733 (-11.1%) Shares 12,201 (-5.8%) Est. Cost $32.16 Unrealized +86.7%

VEU VANGUARD INTL EQUITY INDEX F 3.0%

Value ($000) $4,943 (-1.6%) Shares 67,191 (-3.7%) Est. Cost $0.06 Unrealized —

KMI KINDER MORGAN INC DEL 0.4%

Value ($000) $642 (-8.5%) Shares 23,347 (-5.8%) Est. Cost $15.94 Unrealized +68.8%

AROC ARCHROCK INC 0.4%

Value ($000) $653 (-6.5%) Shares 25,097 (-7.0%) Est. Cost $13.89 Unrealized +77.2%

TRGP TARGA RES CORP 0.6%

Value ($000) $1,026 (+4.1%) Shares 5,563 (-5.2%) Est. Cost $82.03 Unrealized +104.9%

OKE ONEOK INC NEW 0.4%

Value ($000) $579 (-5.9%) Shares 7,879 (-6.5%) Est. Cost $62.43 Unrealized +12.9%

EPD ENTERPRISE PRODS PARTNERS L 0.4%

Value ($000) $699 (-3.8%) Shares 21,809 (-6.5%) Est. Cost $0.03 Unrealized —

MPLX MPLX LP 0.4%

Value ($000) $675 (+0.1%) Shares 12,654 (-6.8%) Est. Cost $0.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTI	VANGUARD INDEX FDS	63,402 (-4.5%)	$21,257 (-2.8%)	12.9%	$0.26	—	TOTAL STK MKT	922908769
WMB	WILLIAMS COS INC	12,201 (-5.8%)	$733 (-11.1%)	0.4%	$32.16	+86.7%	COM	969457100
VEU	VANGUARD INTL EQUITY INDEX F	67,191 (-3.7%)	$4,943 (-1.6%)	3.0%	$0.06	—	ALLWRLD EX US	922042775
KMI	KINDER MORGAN INC DEL	23,347 (-5.8%)	$642 (-8.5%)	0.4%	$15.94	+68.8%	COM	49456B101
AROC	ARCHROCK INC	25,097 (-7.0%)	$653 (-6.5%)	0.4%	$13.89	+77.2%	COM	03957W106
TRGP	TARGA RES CORP	5,563 (-5.2%)	$1,026 (+4.1%)	0.6%	$82.03	+104.9%	COM	87612G101
OKE	ONEOK INC NEW	7,879 (-6.5%)	$579 (-5.9%)	0.4%	$62.43	+12.9%	COM	682680103
EPD	ENTERPRISE PRODS PARTNERS L	21,809 (-6.5%)	$699 (-3.8%)	0.4%	$0.03	—	COM	293792107
MPLX	MPLX LP	12,654 (-6.8%)	$675 (+0.1%)	0.4%	$0.04	—	COM UNIT REP LTD	55336V100

Unchanged Positions (13)

VV VANGUARD INDEX FDS 39.6%

Value ($000) $65,385 Shares 207,702 Est. Cost $19.87 Unrealized —

VGK VANGUARD INTL EQUITY INDEX F 4.1%

Value ($000) $6,807 Shares 81,418 Est. Cost $8.51 Unrealized —

VO VANGUARD INDEX FDS 6.5%

Value ($000) $10,671 Shares 36,770 Est. Cost $11.76 Unrealized —

RWO SPDR INDEX SHS FDS 4.0%

Value ($000) $6,525 Shares 144,927 Est. Cost $4.24 Unrealized —

FBIN FORTUNE BRANDS INNOVATIONS I 0.3%

Value ($000) $443 Shares 8,858 Est. Cost $74.52 Unrealized -33.2%

AGG ISHARES TR 5.4%

Value ($000) $8,923 Shares 89,336 Est. Cost $1.64 Unrealized —

EXC EXELON CORP 0.3%

Value ($000) $431 Shares 9,884 Est. Cost $35.76 Unrealized +27.1%

VCIT VANGUARD SCOTTSDALE FDS 1.5%

Value ($000) $2,519 Shares 30,072 Est. Cost $4.25 Unrealized —

TXN TEXAS INSTRS INC 0.2%

Value ($000) $266 Shares 1,534 Est. Cost $182.23 Unrealized -6.3%

VT VANGUARD INTL EQUITY INDEX F 0.3%

Value ($000) $500 Shares 3,544 Est. Cost $0.11 Unrealized —

SLYV SPDR SERIES TRUST 0.3%

Value ($000) $446 Shares 4,899 Est. Cost $0.08 Unrealized —

CEG CONSTELLATION ENERGY CORP 0.7%

Value ($000) $1,207 Shares 3,416 Est. Cost $266.65 Unrealized +36.2%

NMRA NEUMORA THERAPEUTICS INC. 0.2%

Value ($000) $292 Shares 163,386 Est. Cost $16.17 Unrealized -86.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VV	VANGUARD INDEX FDS	207,702	$65,385	39.6%	$19.87	—	LARGE CAP ETF	922908637
VGK	VANGUARD INTL EQUITY INDEX F	81,418	$6,807	4.1%	$8.51	—	FTSE EUROPE ETF	922042874
VO	VANGUARD INDEX FDS	36,770	$10,671	6.5%	$11.76	—	MID CAP ETF	922908629
RWO	SPDR INDEX SHS FDS	144,927	$6,525	4.0%	$4.24	—	DJ GLB RL ES ETF	78463X749
FBIN	FORTUNE BRANDS INNOVATIONS I	8,858	$443	0.3%	$74.52	-33.2%	COM	34964C106
AGG	ISHARES TR	89,336	$8,923	5.4%	$1.64	—	CORE US AGGBD ET	464287226
EXC	EXELON CORP	9,884	$431	0.3%	$35.76	+27.1%	COM	30161N101
VCIT	VANGUARD SCOTTSDALE FDS	30,072	$2,519	1.5%	$4.25	—	INT-TERM CORP	92206C870
TXN	TEXAS INSTRS INC	1,534	$266	0.2%	$182.23	-6.3%	COM	882508104
VT	VANGUARD INTL EQUITY INDEX F	3,544	$500	0.3%	$0.11	—	TT WRLD ST ETF	922042742
SLYV	SPDR SERIES TRUST	4,899	$446	0.3%	$0.08	—	STATE STREET SPD	78464A300
CEG	CONSTELLATION ENERGY CORP	3,416	$1,207	0.7%	$266.65	+36.2%	COM	21037T109
NMRA	NEUMORA THERAPEUTICS INC.	163,386	$292	0.2%	$16.17	-86.5%	COM	640979100