SVRN Asset Management, LLC Concentrated Active

CIK: 0002094004 · Show all filings

Period: Q4 2025

Filing Date: Feb 13, 2026

Total Value ($000): $121,404 (100.0% shares, 0.0% debt)

Holdings (43)

VTI VANGUARD INDEX FDS 22.0%

Value ($000) $26,700 Shares 79,638 Est. Cost $335.27 Unrealized —

DGRO ISHARES TR 12.3%

Value ($000) $14,876 Shares 214,285 Est. Cost $69.42 Unrealized —

VXUS VANGUARD STAR FDS 11.5%

Value ($000) $14,017 Shares 185,807 Est. Cost $75.44 Unrealized —

IQLT ISHARES TR 7.2%

Value ($000) $8,724 Shares 191,946 Est. Cost $45.45 Unrealized —

VTIP VANGUARD MALVERN FDS 6.9%

Value ($000) $8,398 Shares 169,786 Est. Cost $49.46 Unrealized —

SGOV ISHARES TR 5.6%

Value ($000) $6,783 Shares 67,575 Est. Cost $100.38 Unrealized —

ORR EA SERIES TRUST 4.8%

Value ($000) $5,806 Shares 169,964 Est. Cost $34.16 Unrealized —

VNQ VANGUARD INDEX FDS 3.9%

Value ($000) $4,712 Shares 53,254 Est. Cost $88.49 Unrealized —

TCAF T ROWE PRICE ETF INC 3.1%

Value ($000) $3,724 Shares 97,447 Est. Cost $38.22 Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 2.7%

Value ($000) $3,308 Shares 44,976 Est. Cost $73.56 Unrealized —

AVGO BROADCOM INC 1.5%

Value ($000) $1,876 Shares 5,420 Est. Cost $357.00 Unrealized 0.0%

VGLT VANGUARD SCOTTSDALE FDS 1.4%

Value ($000) $1,656 Shares 29,685 Est. Cost $55.80 Unrealized —

KWEB KRANESHARES TRUST 1.3%

Value ($000) $1,571 Shares 46,150 Est. Cost $34.05 Unrealized —

AAPL APPLE INC 1.2%

Value ($000) $1,416 Shares 5,208 Est. Cost $268.34 Unrealized 0.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.1%

Value ($000) $1,394 Shares 2,773 Est. Cost $497.53 Unrealized 0.0%

— SABA CAPITAL INCOME & OPRNT 1.0%

Value ($000) $1,233 Shares 175,886 Est. Cost $7.01 Unrealized —

BOXX EA SERIES TRUST 1.0%

Value ($000) $1,213 Shares 10,541 Est. Cost $115.10 Unrealized —

MSFT MICROSOFT CORP 0.9%

Value ($000) $1,147 Shares 2,371 Est. Cost $500.58 Unrealized 0.0%

LTPZ PIMCO ETF TR 0.9%

Value ($000) $1,083 Shares 20,933 Est. Cost $51.75 Unrealized —

GLDM WORLD GOLD TR 0.8%

Value ($000) $1,020 Shares 11,947 Est. Cost $85.37 Unrealized —

VTEB VANGUARD MUN BD FDS 0.8%

Value ($000) $993 Shares 19,754 Est. Cost $50.29 Unrealized —

VBR VANGUARD INDEX FDS 0.7%

Value ($000) $910 Shares 4,296 Est. Cost $211.79 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 0.7%

Value ($000) $897 Shares 4,083 Est. Cost $219.78 Unrealized —

SCHX SCHWAB STRATEGIC TR 0.7%

Value ($000) $872 Shares 32,400 Est. Cost $26.91 Unrealized —

VOE VANGUARD INDEX FDS 0.6%

Value ($000) $706 Shares 3,980 Est. Cost $177.37 Unrealized —

SCHG SCHWAB STRATEGIC TR 0.6%

Value ($000) $669 Shares 20,515 Est. Cost $32.62 Unrealized —

GOOG ALPHABET INC 0.5%

Value ($000) $659 Shares 2,100 Est. Cost $286.33 Unrealized 0.0%

AVDV AMERICAN CENTY ETF TR 0.5%

Value ($000) $651 Shares 6,930 Est. Cost $93.97 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.4%

Value ($000) $531 Shares 8,500 Est. Cost $62.47 Unrealized —

STWD STARWOOD PPTY TR INC 0.4%

Value ($000) $508 Shares 28,200 Est. Cost $18.01 Unrealized —

BND VANGUARD BD INDEX FDS 0.3%

Value ($000) $385 Shares 5,201 Est. Cost $74.08 Unrealized —

SCHM SCHWAB STRATEGIC TR 0.3%

Value ($000) $369 Shares 12,279 Est. Cost $30.07 Unrealized —

VOO VANGUARD INDEX FDS 0.3%

Value ($000) $332 Shares 529 Est. Cost $627.13 Unrealized —

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $310 Shares 455 Est. Cost $682.23 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value ($000) $304 Shares 525 Est. Cost $565.16 Unrealized 0.0%

VXF VANGUARD INDEX FDS 0.2%

Value ($000) $251 Shares 1,200 Est. Cost $209.12 Unrealized —

SCHB SCHWAB STRATEGIC TR 0.2%

Value ($000) $232 Shares 8,844 Est. Cost $26.23 Unrealized —

IAUM ISHARES GOLD TR 0.2%

Value ($000) $231 Shares 5,365 Est. Cost $42.99 Unrealized —

GOOGL ALPHABET INC 0.2%

Value ($000) $218 Shares 695 Est. Cost $285.60 Unrealized 0.0%

EPD ENTERPRISE PRODS PARTNERS L 0.2%

Value ($000) $209 Shares 6,515 Est. Cost $32.06 Unrealized —

MUB ISHARES TR 0.2%

Value ($000) $209 Shares 1,948 Est. Cost $107.09 Unrealized —

ITOT ISHARES TR 0.2%

Value ($000) $205 Shares 1,380 Est. Cost $148.69 Unrealized —

— NUVEEN MUN VALUE FD INC 0.1%

Value ($000) $94 Shares 10,325 Est. Cost $9.06 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTI	VANGUARD INDEX FDS	79,638	$26,700	22.0%	$335.27	—	TOTAL STK MKT	922908769
DGRO	ISHARES TR	214,285	$14,876	12.3%	$69.42	—	CORE DIV GRWTH	46434V621
VXUS	VANGUARD STAR FDS	185,807	$14,017	11.5%	$75.44	—	VG TL INTL STK F	921909768
IQLT	ISHARES TR	191,946	$8,724	7.2%	$45.45	—	MSCI INTL QUALTY	46434V456
VTIP	VANGUARD MALVERN FDS	169,786	$8,398	6.9%	$49.46	—	STRM INFPROIDX	922020805
SGOV	ISHARES TR	67,575	$6,783	5.6%	$100.38	—	0-3 MNTH TREASRY	46436E718
ORR	EA SERIES TRUST	169,964	$5,806	4.8%	$34.16	—	MILITIA LONG/SHO	02072Q820
VNQ	VANGUARD INDEX FDS	53,254	$4,712	3.9%	$88.49	—	REAL ESTATE ETF	922908553
TCAF	T ROWE PRICE ETF INC	97,447	$3,724	3.1%	$38.22	—	CAP APPRECIATION	87283Q867
VEU	VANGUARD INTL EQUITY INDEX F	44,976	$3,308	2.7%	$73.56	—	ALLWRLD EX US	922042775
AVGO	BROADCOM INC	5,420	$1,876	1.5%	$357.00	0.0%	COM	11135F101
VGLT	VANGUARD SCOTTSDALE FDS	29,685	$1,656	1.4%	$55.80	—	LONG TERM TREAS	92206C847
KWEB	KRANESHARES TRUST	46,150	$1,571	1.3%	$34.05	—	CSI CHI INTERNET	500767306
AAPL	APPLE INC	5,208	$1,416	1.2%	$268.34	0.0%	COM	037833100
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,773	$1,394	1.1%	$497.53	0.0%	CL B NEW	084670702
—	SABA CAPITAL INCOME & OPRNT	175,886	$1,233	1.0%	$7.01	—	SHS NEW	78518H202
BOXX	EA SERIES TRUST	10,541	$1,213	1.0%	$115.10	—	ALPHA ARCH 1-3	02072L565
MSFT	MICROSOFT CORP	2,371	$1,147	0.9%	$500.58	0.0%	COM	594918104
LTPZ	PIMCO ETF TR	20,933	$1,083	0.9%	$51.75	—	15+ YR US TIPS	72201R304
GLDM	WORLD GOLD TR	11,947	$1,020	0.8%	$85.37	—	SPDR GLD MINIS	98149E303
VTEB	VANGUARD MUN BD FDS	19,754	$993	0.8%	$50.29	—	TAX EXEMPT BD	922907746
VBR	VANGUARD INDEX FDS	4,296	$910	0.7%	$211.79	—	SM CP VAL ETF	922908611
VIG	VANGUARD SPECIALIZED FUNDS	4,083	$897	0.7%	$219.78	—	DIV APP ETF	921908844
SCHX	SCHWAB STRATEGIC TR	32,400	$872	0.7%	$26.91	—	US LRG CAP ETF	808524201
VOE	VANGUARD INDEX FDS	3,980	$706	0.6%	$177.37	—	MCAP VL IDXVIP	922908512
SCHG	SCHWAB STRATEGIC TR	20,515	$669	0.6%	$32.62	—	US LCAP GR ETF	808524300
GOOG	ALPHABET INC	2,100	$659	0.5%	$286.33	0.0%	CAP STK CL C	02079K107
AVDV	AMERICAN CENTY ETF TR	6,930	$651	0.5%	$93.97	—	INTL SMCP VLU	025072802
VEA	VANGUARD TAX-MANAGED FDS	8,500	$531	0.4%	$62.47	—	VAN FTSE DEV MKT	921943858
STWD	STARWOOD PPTY TR INC	28,200	$508	0.4%	$18.01	—	COM	85571B105
BND	VANGUARD BD INDEX FDS	5,201	$385	0.3%	$74.08	—	TOTAL BND MRKT	921937835
SCHM	SCHWAB STRATEGIC TR	12,279	$369	0.3%	$30.07	—	US MID-CAP ETF	808524508
VOO	VANGUARD INDEX FDS	529	$332	0.3%	$627.13	—	S&P 500 ETF SHS	922908363
SPY	SPDR S&P 500 ETF TR	455	$310	0.3%	$682.23	—	TR UNIT	78462F103
TMO	THERMO FISHER SCIENTIFIC INC	525	$304	0.3%	$565.16	0.0%	COM	883556102
VXF	VANGUARD INDEX FDS	1,200	$251	0.2%	$209.12	—	EXTEND MKT ETF	922908652
SCHB	SCHWAB STRATEGIC TR	8,844	$232	0.2%	$26.23	—	US BRD MKT ETF	808524102
IAUM	ISHARES GOLD TR	5,365	$231	0.2%	$42.99	—	SHARES REPRESENT	46436F103
GOOGL	ALPHABET INC	695	$218	0.2%	$285.60	0.0%	CAP STK CL A	02079K305
EPD	ENTERPRISE PRODS PARTNERS L	6,515	$209	0.2%	$32.06	—	COM	293792107
MUB	ISHARES TR	1,948	$209	0.2%	$107.09	—	NATIONAL MUN ETF	464288414
ITOT	ISHARES TR	1,380	$205	0.2%	$148.69	—	CORE S&P TTL STK	464287150
—	NUVEEN MUN VALUE FD INC	10,325	$94	0.1%	$9.06	—	COM	670928100