Phraction Management LLC

COLCHESTER, CT · CIK 1907803 · 13F filing filed 2026-07-20

SEC-registered investment adviser since 2018 · limited liability company

Assets managed$625.5m
Staff7 · 4 in investment roles
Main clients (by assets)Companies 61%, High net worth individuals 39%
Websitephraction.net
Form ADV · 2026-09-11SEC adviser record

Kindinstitutions
Others nearbyColchester, CT

$414.1m reported value +7.5% vs Q1 2026

65positions

51.3%in top 10

2 new 13 added 25 reduced 1 sold out vs Q1 2026

Options: 0 call positions (— notional), 1 put positions ($181.5m notional) – listed below, not included above.

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	AMAZON COM INC COM AMZN	AMZN	145,203	$34.6m8.36%	8.36%	Added +1.8k	+1,775 1.2%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	76,858	$27.5m6.63%	6.63%	Reduced -12.3k	-12,300 -13.8%
3	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	13,512	$26.9m6.49%	6.49%	Reduced -848	-848 -5.9%
4	MICROSOFT CORP COM MSFT	MSFT	62,618	$23.4m5.64%	5.64%	Reduced -310	-310 -0.5%
5	ANALOG DEVICES INC COM ADI	ADI	47,530	$18.9m4.56%	4.56%	Reduced -29.1k	-29,100 -38.0%
6	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	34,535	$17.3m4.18%	4.18%	Added +2.1k	+2,090 6.4%
7	ENTEGRIS INC COM ENTG	ENTG	95,964	$17.3m4.17%	4.17%	Reduced -10.5k	-10,500 -9.9%
8	ALPHABET INC CAP STK CL C GOOG	GOOG	44,885	$15.9m3.83%	3.83%	Reduced -13.0k	-13,019 -22.5%
9	APPLIED MATLS INC COM AMAT	AMAT	21,394	$15.5m3.74%	3.74%	Reduced -100	-100 -0.5%
10	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	12,158	$15.3m3.68%	3.68%	Reduced -67	-67 -0.6%
11	DANAHER CORPORATION COM DHR	DHR	69,059	$13.2m3.18%	3.18%	Reduced -10.8k	-10,785 -13.5%
12	LINDE PLC SHS LIN	LIN	24,156	$12.5m3.03%	3.03%	Reduced -14	-14 -0.1%
13	TRANSDIGM GROUP INC COM TDG	TDG	7,754	$10.3m2.49%	2.49%	Added +89	+89 1.2%
14	VISA INC COM CL A V	V	29,298	$10.1m2.43%	2.43%	Added +141	+141 0.5%
15	RTX CORPORATION COM RTX	RTX	50,960	$9.7m2.34%	2.34%	Reduced -6.3k	-6,300 -11.0%
16	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	18,625	$9.3m2.25%	2.25%	Added +585	+585 3.2%
17	META PLATFORMS INC CL A META	META	15,964	$9.0m2.17%	2.17%	Added +9.6k	+9,578 150.0%
18	SPROTT PHYSICAL GOLD TR UNIT PHYS	PHYS	290,467	$8.8m2.12%	2.12%	Added +24.0k	+24,000 9.0%
19	S&P GLOBAL INC COM SPGI	SPGI	21,505	$8.8m2.12%	2.12%	Reduced -4.6k	-4,566 -17.5%
20	WILLIAMS COS INC COM WMB	WMB	108,275	$8.0m1.94%	1.94%	Reduced -2.2k	-2,230 -2.0%
21	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	11,944	$8.0m1.92%	1.92%	Unchanged
22	TEXAS INSTRS INC COM TXN	TXN	26,146	$7.8m1.88%	1.88%	Reduced -5.5k	-5,468 -17.3%
23	WELLS FARGO CO NEW PERP PFD CNV A WFC 7.5 PERP L	WFC 7.5 PERP L	6,522	$7.5m1.82%	1.82%	Added +85	+85 1.3%
24	BECTON DICKINSON & CO COM BDX	BDX	46,448	$7.0m1.70%	1.70%	Added +100	+100 0.2%
25	HONEYWELL INTL INC COM HON	HON	30,832	$6.9m1.67%	1.67%	New
26	LAM RESEARCH CORP COM NEW LRCX	LRCX	15,774	$6.8m1.65%	1.65%	Reduced -6.2k	-6,200 -28.2%
27	HONEYWELL AEROSPACE INC COM HONA	HONA	30,821	$6.8m1.65%	1.65%	New
28	SYNOPSYS INC COM SNPS	SNPS	14,316	$6.4m1.54%	1.54%	Added +529	+529 3.8%
29	BANK AMERICA CORP COM BAC	BAC	95,835	$5.5m1.32%	1.32%	Reduced -18.2k	-18,213 -16.0%
30	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	37,525	$4.6m1.12%	1.12%	Reduced -172	-172 -0.5%
31	PHILIP MORRIS INTL INC COM PM	PM	25,004	$4.5m1.09%	1.09%	Reduced -1.4k	-1,365 -5.2%
32	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	18,375	$4.4m1.05%	1.05%	Reduced -60	-60 -0.3%
33	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	75,200	$2.5m0.60%	0.60%	Unchanged
34	PEPSICO INC COM PEP	PEP	14,666	$2.0m0.48%	0.48%	Unchanged
35	MARKETWISE INC COM NEW CL A MKTW	MKTW	92,316	$1.6m0.40%	0.40%	Reduced -6.0k	-6,000 -6.1%
36	NVIDIA CORPORATION COM NVDA	NVDA	8,000	$1.6m0.39%	0.39%	Unchanged
37	BOSTON SCIENTIFIC CORP COM BSX	BSX	36,558	$1.6m0.38%	0.38%	Reduced -50	-50 -0.1%
38	EATON CORP PLC SHS ETN	ETN	3,238	$1.4m0.33%	0.33%	Unchanged
39	BROOKFIELD CORP CL A LTD VT SH BN	BN	30,172	$1.3m0.31%	0.31%	Unchanged
40	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	5,648	$1.2m0.29%	0.29%	Reduced -248	-248 -4.2%
41	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	13,770	$1.0m0.25%	0.25%	Unchanged
42	APPLE INC COM AAPL	AAPL	3,499	$1.0m0.24%	0.24%	Unchanged
43	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	12,062	$1.0m0.24%	0.24%	Unchanged
44	VANECK ETF TRUST MRNGSTR WDE MOAT MOAT	MOAT	9,095	$945.5k0.23%	0.23%	Unchanged
45	INVESCO EXCHANGE TRADED FD T S&P 500 GARP ETF SPGP	SPGP	6,710	$820.6k0.20%	0.20%	Unchanged
46	ENERGY TRANSFER L P 9.250% FXD PFD I ET 9.25 PERP I	ET 9.25 PERP I	71,510	$819.5k0.20%	0.20%	Added +2.8k	+2,810 4.1%
47	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	22,209	$816.4k0.20%	0.20%	Unchanged
48	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,054	$787.1k0.19%	0.19%	Unchanged
49	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	17,610	$645.6k0.16%	0.16%	Unchanged
50	ISHARES TR U.S. MED DVC ETF IHI	IHI	11,091	$548.0k0.13%	0.13%	Unchanged
51	ISHARES TR MSCI INDIA ETF INDA	INDA	10,196	$503.6k0.12%	0.12%	Unchanged
52	FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS FMX	FMX	3,845	$491.8k0.12%	0.12%	Reduced -110	-110 -2.8%
53	HOME DEPOT INC COM HD	HD	1,235	$435.6k0.11%	0.11%	Unchanged
54	SUPER GROUP SGHC LIMITED ORD SHS SGHC	SGHC	30,031	$406.9k0.10%	0.10%	Unchanged
55	BROADCOM INC COM AVGO	AVGO	1,000	$377.8k0.09%	0.09%	Unchanged
56	MARA HOLDINGS INC COM MARA	MARA	25,000	$347.2k0.08%	0.08%	Unchanged
57	PROSHARES TR S&P 500 DV ARIST NOBL	NOBL	5,870	$329.7k0.08%	0.08%	Unchanged
58	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	425	$313.0k0.08%	0.08%	Unchanged
59	NORTHROP GRUMMAN CORP COM NOC	NOC	605	$308.1k0.07%	0.07%	Added +35	+35 6.1%
60	REGENERON PHARMACEUTICALS COM REGN	REGN	367	$228.8k0.06%	0.06%	Unchanged
61	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	2,383	$218.4k0.05%	0.05%	Reduced -11.2k	-11,155 -82.4%
62	FIRSTENERGY CORP COM FE	FE	4,405	$209.4k0.05%	0.05%	Reduced -175	-175 -3.8%
63	SUI GROUP HOLDINGS LIMITED COM NEW SUIG	SUIG	32,060	$37.2k0.01%	0.01%	Unchanged
64	FRACTYL HEALTH INC COM COM		41,000	$32.6k0.01%	0.01%	Unchanged
65	SPLASH BEVERAGE GROUP INC COM SHS COM SHS		123,648	$19.2k0.00%	0.00%	Added +53.6k	+53,648 76.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		30,504	$13.8m30.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	243,000	$181.5m243.0k shares	Added