Reflection Asset Management

ISLE OF PALMS, SC · CIK 2108398 · 13F filing filed 2026-08-26

SEC-registered investment adviser since 2020 · limited liability company

Assets managed$228.9m
Staff3 · 2 in investment roles
Main clients (by assets)Mutual funds and ETFs 50%, Individuals 50%
Websitewmnomics.com
Form ADV · 2026-03-31SEC adviser record

$163.5m reported value +16.2% vs Q4 2025

127positions

40.5%in top 10

4 new 92 added 22 reduced 383 sold out vs Q4 2025

Holdings, Q1 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	APPLE INC COM AAPL	AAPL	54,029	$14.2m8.71%	8.71%	Added +26.4k	+26,429 95.8%
2	NVIDIA CORPORATION COM NVDA	NVDA	65,592	$11.9m7.27%	7.27%	Added +22.8k	+22,849 53.5%
3	MICROSOFT CORP COM MSFT	MSFT	19,656	$7.4m4.54%	4.54%	Added +5.2k	+5,153 35.5%
4	ALPHABET INC CAP STK CL C GOOG	GOOG	18,026	$6.1m3.71%	3.71%	Added +10.2k	+10,198 130.3%
5	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	8,895	$6.0m3.65%	3.65%	Added +420	+420 5.0%
6	ISHARES TR CORE S&P500 ETF IVV	IVV	7,626	$5.5m3.36%	3.36%	Added +884	+884 13.1%
7	AMAZON COM INC COM AMZN	AMZN	22,294	$5.2m3.17%	3.17%	Added +10.0k	+9,959 80.7%
8	META PLATFORMS INC CL A META	META	6,289	$3.6m2.21%	2.21%	Reduced -92	-92 -1.4%
9	COSTCO WHSL CORP NEW COM COST	COST	3,217	$3.2m1.96%	1.96%	Added +833	+833 34.9%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,549	$3.1m1.89%	1.89%	Added +1.1k	+1,084 11.4%
11	LAM RESEARCH CORP COM NEW LRCX	LRCX	12,541	$2.7m1.64%	1.64%	Reduced -1.8k	-1,761 -12.3%
12	KLA CORP COM NEW KLAC	KLAC	1,771	$2.6m1.60%	1.60%	Added +68	+68 4.0%
13	SSGA ACTIVE TR SPDR SSGA IG PUB PRIV	PRIV	102,241	$2.6m1.56%	1.56%	Reduced -2.0k	-2,008 -1.9%
14	LOEWS CORP COM L	L	23,460	$2.5m1.53%	1.53%	Added +5.9k	+5,890 33.5%
15	APPLIED MATLS INC COM AMAT	AMAT	6,195	$2.4m1.45%	1.45%	Added +5.1k	+5,134 483.9%
16	DELL TECHNOLOGIES INC CL C DELL	DELL	11,396	$2.4m1.44%	1.44%	Added +10.9k	+10,855 2006.5%
17	AMPHENOL CORP CL A APH	APH	18,616	$2.4m1.44%	1.44%	Added +4.1k	+4,055 27.9%
18	NORDSON CORP COM NDSN	NDSN	8,215	$2.2m1.34%	1.34%	Added +2.1k	+2,142 35.3%
19	CITIGROUP INC COM NEW C	C	16,955	$2.1m1.28%	1.28%	Added +14.6k	+14,557 607.0%
20	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,850	$2.0m1.25%	1.25%	Added +1.1k	+1,137 66.4%
21	XYLEM INC COM XYL	XYL	16,319	$2.0m1.19%	1.19%	Added +4.5k	+4,534 38.5%
22	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,953	$1.9m1.19%	1.19%	Added +2.9k	+2,932 13961.9%
23	BROADCOM INC COM AVGO	AVGO	5,982	$1.9m1.13%	1.13%	Added +467	+467 8.5%
24	ISHARES TR IBOXX INV CP ETF LQD	LQD	16,528	$1.8m1.09%	1.09%	Added +3.2k	+3,250 24.5%
25	AVERY DENNISON CORP COM AVY	AVY	10,011	$1.7m1.06%	1.06%	Added +4.3k	+4,267 74.3%
26	SSGA ACTIVE TR SST BRIDGEWATER ALLW	ALLW	55,967	$1.7m1.02%	1.02%	Added +5.0k	+5,028 9.9%
27	MICRON TECHNOLOGY INC COM MU	MU	3,380	$1.6m0.99%	0.99%	Added +2.0k	+2,042 152.6%
28	ADVANCED MICRO DEVICES INC COM AMD	AMD	7,789	$1.6m0.98%	0.98%	Added +26	+26 0.3%
29	DISNEY WALT CO COM DIS	DIS	15,540	$1.5m0.92%	0.92%	Reduced -2.0k	-2,020 -11.5%
30	ISHARES TR CORE MSCI EAFE IEFA	IEFA	15,653	$1.5m0.90%	0.90%	Reduced -166	-166 -1.1%
31	TESLA INC COM TSLA	TSLA	3,857	$1.4m0.88%	0.88%	Added +615	+615 19.0%
32	FIRST TR EXCHNG TRADED FD VI FT VEST US EQT FOCT	FOCT	27,826	$1.4m0.87%	0.87%	Unchanged
33	ETF SER SOLUTIONS DEFIANCE QUANTUM QTUM	QTUM	10,168	$1.4m0.84%	0.84%	New
34	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	6,739	$1.4m0.84%	0.84%	Added +611	+611 10.0%
35	ELI LILLY & CO COM LLY	LLY	1,476	$1.4m0.83%	0.83%	Added +441	+441 42.6%
36	STRYKER CORPORATION COM SYK	SYK	4,117	$1.4m0.83%	0.83%	Added +278	+278 7.2%
37	DANAHER CORPORATION COM DHR	DHR	6,717	$1.3m0.78%	0.78%	Added +662	+662 10.9%
38	JPMORGAN CHASE & CO COM JPM	JPM	4,285	$1.3m0.78%	0.78%	Added +998	+998 30.4%
39	EVEREST GROUP LTD COM EG	EG	3,865	$1.3m0.77%	0.77%	Added +304	+304 8.5%
40	KIMCO RLTY CORP COM KIM	KIM	54,107	$1.2m0.74%	0.74%	Reduced -4.3k	-4,288 -7.3%
41	NETFLIX INC COM NFLX	NFLX	12,532	$1.2m0.74%	0.74%	Added +483	+483 4.0%
42	ARISTA NETWORKS INC COM SHS ANET	ANET	9,448	$1.2m0.71%	0.71%	Reduced -364	-364 -3.7%
43	VERALTO CORP COM SHS VLTO	VLTO	12,443	$1.1m0.67%	0.67%	Added +5.7k	+5,684 84.1%
44	OMNICOM GROUP INC COM OMC	OMC	14,429	$1.1m0.67%	0.67%	Added +6.2k	+6,186 75.0%
45	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	4,473	$1.1m0.66%	0.66%	Reduced -156	-156 -3.4%
46	ROSS STORES INC COM ROST	ROST	4,952	$1.1m0.66%	0.66%	Reduced -1.1k	-1,126 -18.5%
47	QUALCOMM INC COM QCOM	QCOM	6,651	$1.1m0.65%	0.65%	Added +5.0k	+5,044 313.9%
48	SALESFORCE INC COM CRM	CRM	5,514	$1.0m0.63%	0.63%	Added +268	+268 5.1%
49	JOHNSON & JOHNSON COM JNJ	JNJ	3,936	$962.1k0.59%	0.59%	Added +161	+161 4.3%
50	MOODYS CORP COM MCO	MCO	2,145	$935.8k0.57%	0.57%	Reduced -1.3k	-1,293 -37.6%
51	AMERICAN TOWER CORP NEW COM AMT	AMT	5,283	$911.8k0.56%	0.56%	Added +1.8k	+1,811 52.2%
52	ISHARES TR MSCI EAFE ETF EFA	EFA	8,653	$871.0k0.53%	0.53%	Added +3.4k	+3,409 65.0%
53	KIMBERLY-CLARK CORP COM KMB	KMB	8,982	$866.5k0.53%	0.53%	Added +6.1k	+6,069 208.3%
54	PAYCHEX INC COM PAYX	PAYX	9,406	$866.5k0.53%	0.53%	Reduced -121	-121 -1.3%
55	RALPH LAUREN CORP CL A RL	RL	2,413	$830.0k0.51%	0.51%	Reduced -451	-451 -15.8%
56	ADVISORS INNER CIRCLE FD III DEMCRATIC LG ETF DEMZ	DEMZ	18,025	$784.2k0.48%	0.48%	New
57	VISA INC COM CL A V	V	2,487	$751.9k0.46%	0.46%	Added +423	+423 20.5%
58	ELECTRONIC ARTS INC COM EA	EA	3,568	$727.0k0.44%	0.44%	Added +2.1k	+2,058 136.3%
59	TAPESTRY INC COM TPR	TPR	5,097	$719.2k0.44%	0.44%	Reduced -350	-350 -6.4%
60	BURLINGTON STORES INC COM BURL	BURL	2,310	$711.6k0.44%	0.44%	Added +2.2k	+2,193 1874.4%
61	MASTERCARD INCORPORATED CL A MA	MA	1,301	$650.0k0.40%	0.40%	Added +280	+280 27.4%
62	SYNOPSYS INC COM SNPS	SNPS	1,576	$625.0k0.38%	0.38%	Reduced -151	-151 -8.7%
63	AGILENT TECHNOLOGIES INC COM A	A	5,425	$618.0k0.38%	0.38%	Added +1.3k	+1,307 31.7%
64	SERVICENOW INC COM NOW	NOW	5,739	$591.9k0.36%	0.36%	Reduced -2.7k	-2,685 -31.9%
65	CISCO SYS INC COM CSCO	CSCO	7,095	$589.8k0.36%	0.36%	Added +2.6k	+2,633 59.0%
66	ISHARES INC CORE MSCI EMKT IEMG	IEMG	7,361	$577.9k0.35%	0.35%	Reduced -140	-140 -1.9%
67	ULTA BEAUTY INC COM ULTA	ULTA	1,098	$573.9k0.35%	0.35%	Added +170	+170 18.3%
68	ADOBE INC COM ADBE	ADBE	2,285	$555.8k0.34%	0.34%	Added +226	+226 11.0%
69	HENRY SCHEIN INC COM HSIC	HSIC	7,515	$553.9k0.34%	0.34%	Added +682	+682 10.0%
70	ABBVIE INC COM ABBV	ABBV	2,519	$547.9k0.34%	0.34%	Added +502	+502 24.9%
71	VANGUARD ADMIRAL FDS INC MIDCP 400 IDX IVOO	IVOO	4,475	$547.7k0.34%	0.34%	Added +3	+3 0.1%
72	HOME DEPOT INC COM HD	HD	1,603	$526.1k0.32%	0.32%	Added +328	+328 25.7%
73	ISHARES TR MSCI EMG MKT ETF EEM	EEM	8,160	$522.8k0.32%	0.32%	Added +1.4k	+1,439 21.4%
74	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	1,866	$518.6k0.32%	0.32%	Reduced -245	-245 -11.6%
75	PROCTER AND GAMBLE CO COM PG	PG	3,528	$509.6k0.31%	0.31%	Added +875	+875 33.0%
76	BANK AMERICA CORP COM BAC	BAC	10,385	$508.4k0.31%	0.31%	Reduced -1.3k	-1,323 -11.3%
77	ISHARES TR CORE S&P MCP ETF IJH	IJH	6,717	$485.7k0.30%	0.30%	Added +5.0k	+5,018 295.4%
78	MERCK & CO INC COM MRK	MRK	3,952	$474.5k0.29%	0.29%	Added +138	+138 3.6%
79	COCA COLA CO COM KO	KO	6,116	$465.8k0.28%	0.28%	Added +978	+978 19.0%
80	UNITEDHEALTH GROUP INC COM UNH	UNH	1,662	$457.9k0.28%	0.28%	Added +622	+622 59.8%
81	MSCI INC COM MSCI	MSCI	843	$454.4k0.28%	0.28%	Reduced -429	-429 -33.7%
82	CDW CORP COM CDW	CDW	3,631	$439.4k0.27%	0.27%	Reduced -174	-174 -4.6%
83	INTEL CORP COM INTC	INTC	7,844	$438.9k0.27%	0.27%	Added +2.8k	+2,819 56.1%
84	LINDE PLC SHS LIN	LIN	875	$433.8k0.27%	0.27%	Added +287	+287 48.8%
85	VERIZON COMMUNICATIONS INC COM VZ	VZ	8,659	$428.8k0.26%	0.26%	Added +4.2k	+4,249 96.3%
86	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	1,539	$425.3k0.26%	0.26%	New
87	GOLDMAN SACHS GROUP INC COM GS	GS	493	$420.1k0.26%	0.26%	Added +51	+51 11.5%
88	ORACLE CORP COM ORCL	ORCL	2,627	$401.4k0.25%	0.25%	Added +754	+754 40.3%
89	MCDONALDS CORP COM MCD	MCD	1,250	$387.5k0.24%	0.24%	Added +370	+370 42.0%
90	TJX COS INC NEW COM TJX	TJX	2,437	$385.4k0.24%	0.24%	Added +1.3k	+1,272 109.2%
91	ISHARES TR U.S. TECH ETF IYW	IYW	1,676	$369.1k0.23%	0.23%	Unchanged
92	AUTODESK INC COM ADSK	ADSK	1,486	$356.3k0.22%	0.22%	Reduced -586	-586 -28.3%
93	MORGAN STANLEY COM NEW MS	MS	2,070	$344.2k0.21%	0.21%	Added +151	+151 7.9%
94	ISHARES TR CORE S&P SCP ETF IJR	IJR	2,481	$337.8k0.21%	0.21%	Added +1.4k	+1,377 124.7%
95	VANGUARD INDEX FDS SMALL CP ETF VB	VB	1,165	$329.9k0.20%	0.20%	Added +2	+2 0.2%
96	AMERICAN EXPRESS CO COM AXP	AXP	1,056	$320.3k0.20%	0.20%	Added +52	+52 5.2%
97	ISHARES TR DOW JONES US ETF IYY	IYY	1,780	$310.6k0.19%	0.19%	Reduced -64	-64 -3.5%
98	WELLS FARGO CO NEW COM WFC	WFC	3,866	$307.8k0.19%	0.19%	Added +105	+105 2.8%
99	AMGEN INC COM AMGN	AMGN	859	$301.2k0.18%	0.18%	Added +211	+211 32.6%
100	APOLLO GLOBAL MGMT INC COM APO	APO	2,415	$296.9k0.18%	0.18%	Added +1.5k	+1,490 161.1%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
QNITY ELECTRONICS INC Q	Q	5,905	$482.1k5.9k shares
CAPITAL ONE FINL CORP COF	COF	1,023	$247.9k1.0k shares
BOOKING HOLDINGS INC BKNG	BKNG	46	$246.3k46 shares
ANALOG DEVICES INC ADI	ADI	861	$233.5k861 shares
SCHWAB CHARLES CORP SCHW	SCHW	2,057	$205.5k2.1k shares
UBER TECHNOLOGIES INC UBER	UBER	2,372	$193.8k2.4k shares
ISHARES TR IWF	IWF	407	$193.5k407 shares
APPLOVIN CORP APP	APP	283	$190.7k283 shares
PALO ALTO NETWORKS INC PANW	PANW	950	$175.0k950 shares
LOWES COS INC LOW	LOW	712	$171.7k712 shares
BOSTON SCIENTIFIC CORP BSX	BSX	1,725	$164.5k1.7k shares
CROWDSTRIKE HLDGS INC CRWD	CRWD	333	$156.1k333 shares
WELLTOWER INC WELL	WELL	834	$154.8k834 shares
VANGUARD INDEX FDS VUG	VUG	305	$149.5k305 shares
PFIZER INC PFE	PFE	5,940	$147.9k5.9k shares
PROGRESSIVE CORP PGR	PGR	612	$139.4k612 shares
TRANE TECHNOLOGIES PLC TT	TT	357	$138.9k357 shares
VANGUARD INDEX FDS VTV	VTV	705	$136.9k705 shares
WALMART INC WMT	WMT	1,200	$135.2k1.2k shares
VERTEX PHARMACEUTICALS INC VRTX	VRTX	288	$130.6k288 shares
TE CONNECTIVITY PLC TEL	TEL	570	$129.7k570 shares
MEDTRONIC PLC MDT	MDT	1,340	$128.7k1.3k shares
PROLOGIS INC. PLD	PLD	966	$123.3k966 shares
MCKESSON CORP MCK	MCK	150	$123.0k150 shares
SCHLUMBERGER LTD SLB	SLB	2,786	$122.3k2.8k shares