RATIONAL ADVISORS, INC.

San Juan, PR · CIK 1143565 · 13F filing filed 2026-07-24

SEC-registered investment adviser since 2001 · corporation

Assets managed$2.6bn
Staff17 · 8 in investment roles
Main clients (by assets)Mutual funds and ETFs 100%
Private funds1 (1 hedge) · $9.7m gross assets
Websitecatalyst-insights.com
Form ADV · 2026-05-08SEC adviser record

Legal entityRATIONAL ADVISORS, INC. (US)

Kindhedge funds, mutual funds, futures
Others nearbyNew York, NY, Huntington, NY

As an employer

Offices in1 country
Private fundshedge 1

Where they work

people there (dot area)number not reportedHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
San Juan, PR (main office)United States	United States	about 2
New York, NYUnited States	United States	4
Huntington, NYUnited States	United States	2

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$1.1bn reported value +11.3% vs Q1 2026

195positions

47.7%in top 10

29 new 96 added 58 reduced 13 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR CORE US AGGBD ET AGG	AGG	735,041	$72.8m6.67%	6.67%	Added +16.4k	+16,394 2.3%
2	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	990,343	$72.7m6.67%	6.67%	Added +21.7k	+21,733 2.2%
3	SCHWAB STRATEGIC TR US AGGREGATE B SCHZ	SCHZ	3,142,160	$72.7m6.67%	6.67%	Added +65.9k	+65,898 2.1%
4	ISHARES TR CORE S&P500 ETF IVV	IVV	69,863	$52.3m4.80%	4.80%	Added +17.1k	+17,096 32.4%
5	GLOBAL X FDS GLB X MLP ENRG I MLPX	MLPX	667,709	$49.2m4.51%	4.51%	Reduced -5.5k	-5,490 -0.8%
6	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	151,497	$45.9m4.21%	4.21%	Reduced -36.0k	-35,976 -19.2%
7	WISDOMTREE TR US EFFICIENT COR NTSX	NTSX	735,041	$43.4m3.98%	3.98%	Reduced -561.5k	-561,532 -43.3%
8	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	905,679	$41.1m3.77%	3.77%	Reduced -17.5k	-17,484 -1.9%
9	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	151,497	$35.8m3.29%	3.29%	Reduced -24.6k	-24,614 -14.0%
10	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	50,476	$34.7m3.18%	3.18%	Added +15.6k	+15,552 44.5%
11	SCHWAB STRATEGIC TR US REIT ETF SCHH	SCHH	1,366,280	$32.4m2.97%	2.97%	Added +147.7k	+147,705 12.1%
12	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	499,379	$28.2m2.59%	2.59%	Reduced -34.6k	-34,635 -6.5%
13	ISHARES TR IBOXX INV CP ETF LQD	LQD	225,180	$24.6m2.25%	2.25%	New
14	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	291,785	$24.1m2.21%	2.21%	Added +56.0k	+56,024 23.8%
15	GLOBAL X FDS US PFD ETF PFFD	PFFD	1,262,475	$23.6m2.16%	2.16%	Added +12.7k	+12,655 1.0%
16	SPDR SER TR PORTFOLIO INTRMD SPIB	SPIB	594,978	$19.9m1.83%	1.83%	New
17	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	25,677	$19.2m1.76%	1.76%	Added +9.8k	+9,799 61.7%
18	DIMENSIONAL ETF TRUST CORE FIXED INCOM DFCF	DFCF	378,744	$16.0m1.47%	1.47%	Added +9.5k	+9,479 2.6%
19	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	173,941	$15.3m1.40%	1.40%	Reduced -19.2k	-19,213 -9.9%
20	ISHARES TR USD INV GRDE ETF USIG	USIG	281,728	$14.4m1.33%	1.33%	New
21	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	271,160	$14.4m1.32%	1.32%	New
22	INVESCO EXCH TRADED FD TR II TAXABLE MUN BD BAB	BAB	448,880	$12.0m1.11%	1.11%	Added +17.1k	+17,124 4.0%
23	ALLIANT ENERGY CORP NOTE 3.250% 5/3 LNT 3.25 05.30.28	LNT 3.25 05.30.28	9,980,000	$11.0m1.01%	1.01%	New
24	GLOBAL PMTS INC NOTE 1.500% 3/0 GPN 1.5 03.01.31	GPN 1.5 03.01.31	11,367,000	$10.2m0.94%	0.94%	Unchanged
25	PPL CAP FDG INC NOTE 2.875% 3/1 PPL 2.875 03.15.28	PPL 2.875 03.15.28	8,920,000	$10.1m0.93%	0.93%	Unchanged
26	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	8,048	$10.1m0.93%	0.93%	Unchanged
27	NEXTERA ENERGY INC UNIT 11/01/2027 NEE 7.234 11.01.27	NEE 7.234 11.01.27	201,000	$10.0m0.92%	0.92%	Unchanged
28	WELLTOWER INC COM WELL	WELL	43,800	$9.9m0.91%	0.91%	Reduced -600	-600 -1.4%
29	WEC ENERGY GROUP INC NOTE 4.375% 6/0 WEC 4.375 06.01.29	WEC 4.375 06.01.29	7,944,000	$9.8m0.90%	0.90%	Unchanged
30	UBER TECHNOLOGIES INC NOTE 0.875%12/0 UBER 0.875 12.01.28 2028	UBER 0.875 12.01.28 2028	8,169,000	$9.8m0.90%	0.90%	Unchanged
31	ETSY INC NOTE 0.250% 6/1 ETSY 0.25 06.15.28	ETSY 0.25 06.15.28	10,430,000	$9.5m0.87%	0.87%	Unchanged
32	WELLS FARGO CO NEW PERP PFD CNV A WFC 7.5 PERP L	WFC 7.5 PERP L	8,200	$9.5m0.87%	0.87%	Reduced -8.2k	-8,200 -50.0%
33	MERITAGE HOMES CORP NOTE 1.750% 5/1 MTH 1.75 05.15.28	MTH 1.75 05.15.28	9,102,000	$9.4m0.86%	0.86%	Unchanged
34	ISHARES TR CORE MSCI EAFE IEFA	IEFA	91,784	$8.9m0.81%	0.81%	Reduced -144.4k	-144,426 -61.1%
35	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	173,300	$8.8m0.81%	0.81%	New
36	SCHWAB STRATEGIC TR HIGH YIELD BD ET SCYB	SCYB	302,994	$7.9m0.73%	0.73%	Added +1.9k	+1,901 0.6%
37	NETFLIX INC COM NFLX	NFLX	101,534	$7.2m0.66%	0.66%	Added +71.3k	+71,282 235.6%
38	DATADOG INC NOTE 12/0 DDOG 0 12.01.29	DDOG 0 12.01.29	5,020,000	$7.1m0.65%	0.65%	Added +1.1m	+1,140,000 29.4%
39	GUARDANT HEALTH INC NOTE 11/1 GH 0 11.15.27	GH 0 11.15.27	5,429,000	$6.8m0.62%	0.62%	Added +3.4m	+3,380,000 165.0%
40	CLOUDFLARE INC NOTE 6/1 NET 0 06.15.30	NET 0 06.15.30	5,023,000	$6.4m0.58%	0.58%	New
41	ALPHABET INC CAP STK CL A GOOGL	GOOGL	16,374	$5.9m0.54%	0.54%	Reduced -660	-660 -3.9%
42	HALOZYME THERAPEUTICS INC NOTE 0.250% 3/0 HALO 0.25 03.01.27	HALO 0.25 03.01.27	5,110,000	$5.7m0.52%	0.52%	Added +2.1m	+2,140,000 72.0%
43	DRAFTKINGS INC NEW NOTE 3/1 DKNG 0 03.15.28	DKNG 0 03.15.28	5,780,000	$5.4m0.49%	0.49%	Unchanged
44	SHIFT4 PMTS INC NOTE 0.500% 8/0 FOUR 0.5 08.01.27	FOUR 0.5 08.01.27	5,576,000	$5.3m0.49%	0.49%	Added +2.4m	+2,380,000 74.5%
45	WESTERN DIGITAL CORP COM WDC	WDC	8,300	$5.3m0.49%	0.49%	New
46	BOEING CO DEP CONV PFD A BA 6 10.15.27	BA 6 10.15.27	78,000	$5.3m0.48%	0.48%	Reduced -19.3k	-19,300 -19.8%
47	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	10,259	$4.9m0.45%	0.45%	Reduced -2.8k	-2,770 -21.3%
48	NVIDIA CORPORATION COM NVDA	NVDA	24,357	$4.9m0.45%	0.45%	Reduced -6.1k	-6,077 -20.0%
49	MOOG INC CL A MOG.A	MOG.A	10,800	$4.6m0.42%	0.42%	New
50	APPLE INC COM AAPL	AAPL	15,510	$4.5m0.41%	0.41%	Reduced -5.1k	-5,104 -24.8%
51	AMAZON COM INC COM AMZN	AMZN	18,698	$4.5m0.41%	0.41%	Reduced -4.8k	-4,767 -20.3%
52	SCHWAB STRATEGIC TR 5 10YR CORP BD SCHI	SCHI	184,358	$4.2m0.38%	0.38%	New
53	ARES MANAGEMENT CORPORATION 6.75 SE B PFD ARES 6.75 10.01.27 B	ARES 6.75 10.01.27 B	112,700	$4.1m0.38%	0.38%	Added +41.4k	+41,400 58.1%
54	ITT INC COM ITT	ITT	20,000	$4.0m0.36%	0.36%	Reduced -300	-300 -1.5%
55	VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF VMBS	VMBS	84,165	$3.9m0.36%	0.36%	Added +1.8k	+1,790 2.2%
56	ELI LILLY & CO COM LLY	LLY	3,236	$3.9m0.36%	0.36%	Added +1.7k	+1,669 106.5%
57	ON SEMICONDUCTOR CORP NOTE 0.500% 3/0 ON 0.5 03.01.29	ON 0.5 03.01.29	2,712,000	$3.3m0.30%	0.30%	Reduced -7.2m	-7,240,000 -72.8%
58	SOUTHERN CO NOTE 4.500% 6/1 SO 4.5 06.15.27	SO 4.5 06.15.27	2,820,000	$3.1m0.28%	0.28%	Unchanged
59	WALMART INC COM WMT	WMT	27,294	$3.1m0.28%	0.28%	Reduced -41.6k	-41,599 -60.4%
60	KKR & CO INC 6.25 CON SER D KKR 6.25 03.01.28 D	KKR 6.25 03.01.28 D	69,800	$2.8m0.26%	0.26%	Unchanged
61	ATI INC COM ATI	ATI	14,100	$2.8m0.25%	0.25%	Added +7.2k	+7,200 104.3%
62	VISA INC COM CL A V	V	8,100	$2.8m0.25%	0.25%	Added +6.8k	+6,816 530.8%
63	HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV HPE 7.625 09.01.27	HPE 7.625 09.01.27	22,340	$2.6m0.24%	0.24%	Reduced -67.5k	-67,500 -75.1%
64	UBER TECHNOLOGIES INC COM UBER	UBER	35,238	$2.5m0.23%	0.23%	Reduced -486	-486 -1.4%
65	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	4,981	$2.5m0.23%	0.23%	Reduced -1.7k	-1,656 -24.9%
66	MERCADOLIBRE INC COM MELI	MELI	1,425	$2.4m0.22%	0.22%	Reduced -100	-100 -6.6%
67	COSTCO WHSL CORP NEW COM COST	COST	2,522	$2.4m0.22%	0.22%	Reduced -256	-256 -9.2%
68	APPLOVIN CORP COM CL A APP	APP	4,423	$2.3m0.21%	0.21%	Added +1.0k	+1,012 29.7%
69	SIMPLIFY EXCHANGE TRADED FUN HEALTH CARE ETF PINK	PINK	56,100	$2.2m0.20%	0.20%	New
70	GE AEROSPACE COM NEW GE	GE	5,500	$2.1m0.19%	0.19%	Reduced -4.6k	-4,554 -45.3%
71	MICROSOFT CORP COM MSFT	MSFT	4,806	$1.8m0.16%	0.16%	Reduced -6.3k	-6,291 -56.7%
72	JPMORGAN CHASE & CO COM JPM	JPM	5,172	$1.7m0.16%	0.16%	Reduced -2.7k	-2,652 -33.9%
73	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	17,970	$1.6m0.15%	0.15%	New
74	HEICO CORP NEW COM HEI	HEI	4,600	$1.6m0.15%	0.15%	Added +600	+600 15.0%
75	ALPHABET INC CAP STK CL C GOOG	GOOG	4,473	$1.6m0.14%	0.14%	Reduced -3.5k	-3,451 -43.5%
76	BROADCOM INC COM AVGO	AVGO	4,140	$1.6m0.14%	0.14%	Reduced -3.9k	-3,882 -48.4%
77	ISHARES INC GLB ENR PROD ETF POWR	POWR	53,132	$1.5m0.14%	0.14%	Reduced -113	-113 -0.2%
78	APOLLO GLOBAL MGMT INC COM APO	APO	12,515	$1.5m0.14%	0.14%	Added +28	+28 0.2%
79	EXXON MOBIL CORP COM XOM	XOM	10,802	$1.5m0.14%	0.14%	Reduced -1.2k	-1,177 -9.8%
80	TWO RDS SHARED TR AFFINITY WORLD WLDR	WLDR	26,563	$1.2m0.11%	0.11%	Added +3.0k	+3,036 12.9%
81	ADVANCED MICRO DEVICES INC COM AMD	AMD	2,024	$1.2m0.11%	0.11%	Reduced -4.2k	-4,195 -67.5%
82	ABBVIE INC COM ABBV	ABBV	4,574	$1.2m0.11%	0.11%	Reduced -1.3k	-1,323 -22.4%
83	BLACKSTONE INC COM BX	BX	9,754	$1.1m0.11%	0.11%	Added +45	+45 0.5%
84	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	6,000	$1.1m0.10%	0.10%	New
85	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	2,370	$1.1m0.10%	0.10%	Reduced -2.9k	-2,900 -55.0%
86	DEERE & CO COM DE	DE	1,694	$1.1m0.10%	0.10%	Reduced -449	-449 -20.9%
87	TRANSDIGM GROUP INC COM TDG	TDG	790	$1.1m0.10%	0.10%	Added +773	+773 4547.1%
88	CHENIERE ENERGY INC COM NEW LNG	LNG	4,400	$1.1m0.10%	0.10%	Reduced -4.7k	-4,700 -51.6%
89	ISHARES TR US AER DEF ETF ITA	ITA	4,172	$1.0m0.09%	0.09%	Reduced -1.1k	-1,110 -21.0%
90	GOLDMAN SACHS GROUP INC COM GS	GS	979	$990.1k0.09%	0.09%	Added +298	+298 43.8%
91	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	11,852	$984.5k0.09%	0.09%	New
92	CHEVRON CORP NEW COM CVX	CVX	5,928	$982.6k0.09%	0.09%	New
93	CATERPILLAR INC COM CAT	CAT	908	$966.9k0.09%	0.09%	Reduced -884	-884 -49.3%
94	CBRE GROUP INC CL A CBRE	CBRE	7,100	$956.3k0.09%	0.09%	New
95	JOBY AVIATION INC NOTE 0.750% 2/1 JOBY 0.75 02.15.32	JOBY 0.75 02.15.32	1,007,000	$913.3k0.08%	0.08%	New
96	UNITEDHEALTH GROUP INC COM UNH	UNH	2,155	$895.7k0.08%	0.08%	Added +1.9k	+1,860 630.5%
97	VERTIV HOLDINGS CO COM CL A VRT	VRT	2,482	$831.0k0.08%	0.08%	Reduced -539	-539 -17.8%
98	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	4,835	$826.1k0.08%	0.08%	New
99	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	27,244	$799.1k0.07%	0.07%	New
100	MODINE MFG CO COM MOD	MOD	2,991	$798.7k0.07%	0.07%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MICROCHIP TECHNOLOGY INC. MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	68,000	$3.9m68.0k shares
MEDTRONIC PLC MDT	MDT	33,200	$2.9m33.2k shares
MCDONALDS CORP MCD	MCD	7,439	$2.3m7.4k shares
ALIBABA GROUP HLDG LTD BABA	BABA	17,290	$2.2m17.3k shares
GLOBAL X FDS SHLD	SHLD	22,000	$1.6m22.0k shares
NU HLDGS LTD NU	NU	77,000	$1.1m77.0k shares
DOVER CORP DOV	DOV	5,300	$1.1m5.3k shares
WELLS FARGO CO NEW WFC	WFC	12,538	$1.1m12.5k shares
WARBY PARKER INC WRBY	WRBY	43,500	$947.9k43.5k shares
SHOPIFY INC SHOP	SHOP	4,000	$474.5k4.0k shares
CROWDSTRIKE HLDGS INC CRWD	CRWD	1,200	$468.5k1.2k shares
VISTRA CORP VST	VST	2,377	$383.5k2.4k shares
FAIR ISAAC CORP FICO	FICO	7	$7.5k7 shares