CASTELLAN GROUP

Filed: 1/23/2026ACC: 0001832521-26-000001

📋 What this filing means

CASTELLAN GROUP filed this quarterly 13F‑HR report disclosing 60 equity positions with a total reported market value of $795.17M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$795.17M

Total AUM (reported)

11.55M

Total Shares

Allocation by class

CASTELLAN TARGET$577.66M72.6%

COM$107.17M13.5%

CAP STK CL C$11.64M1.5%

ALPHA ARCH 1-3$11.06M1.4%

TR UNIT$8.02M1.0%

PHYSCL PRECS MET$7.81M1.0%

S&P500 EQL WGT$7.47M0.9%

Portfolio Concentration

Top 3$589.30M74.1%

4–10$58.49M7.4%

11–25$71.58M9.0%

Rest$75.80M9.5%

Top 3 weight

74.1%

Top 10 weight

81.5%

Voting Authority Distribution

Total shares with voting rights: 11.55M

Sole

Full voting authority

15.44K

% of voting shares0.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

11.54M

% of voting shares99.9%

Investment Discretion (by position count)

Sole60

Shared0

Other0

Dominant voting typeNone · 99.9% of voting shares

Institutional Holdings60

Rows:

EA SERIES TRUST

SOLE

CASTELLAN TARGET

Shares6.42M

TypeSH

Market value$428.63M

53.90%

Sole

0.00

Shared

0.00

None

6.42M

EA SERIES TRUST

SOLE

CASTELLAN TARGET

Shares2.94M

TypeSH

Market value$149.03M

18.74%

Sole

0.00

Shared

0.00

None

2.94M

ALPHABET INC

SOLE

CAP STK CL C

Shares37.10K

TypeSH

Market value$11.64M

1.46%

Sole

1.51K

Shared

0.00

None

35.59K

EA SERIES TRUST

SOLE

ALPHA ARCH 1-3

Shares96.08K

TypeSH

Market value$11.06M

1.39%

Sole

0.00

Shared

0.00

None

96.08K

MICROSOFT CORP

SOLE

COM

Shares17.12K

TypeSH

Market value$8.28M

1.04%

Sole

983.00

Shared

0.00

None

16.14K

AMAZON COM INC

SOLE

COM

Shares35.81K

TypeSH

Market value$8.27M

1.04%

Sole

1.61K

Shared

0.00

None

34.20K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares11.18K

TypeSH

Market value$8.02M

1.01%

Sole

0.00

Shared

0.00

None

11.18K

ABRDN PRECIOUS METALS BASKET

SOLE

PHYSCL PRECS MET

Shares37.98K

TypeSH

Market value$7.81M

0.98%

Sole

0.00

Shared

0.00

None

37.98K

EXXON MOBIL CORP

SOLE

COM

Shares62.97K

TypeSH

Market value$7.58M

0.95%

Sole

503.00

Shared

0.00

None

62.47K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares39.02K

TypeSH

Market value$7.47M

0.94%

Sole

0.00

Shared

0.00

None

39.02K

MCKESSON CORP

SOLE

COM

Shares8.13K

TypeSH

Market value$6.67M

0.84%

Sole

115.00

Shared

0.00

None

8.02K

APPLE INC

SOLE

COM

Shares24.50K

TypeSH

Market value$6.66M

0.84%

Sole

1.75K

Shared

0.00

None

22.75K

SELECT SECTOR SPDR TR

SOLE

STATE STREET ENE

Shares144.45K

TypeSH

Market value$6.46M

0.81%

Sole

0.00

Shared

0.00

None

144.45K

NVIDIA CORPORATION

SOLE

COM

Shares31.48K

TypeSH

Market value$5.87M

0.74%

Sole

3.36K

Shared

0.00

None

28.11K

VANGUARD INDEX FDS

SOLE

SMALL CP ETF

Shares19.12K

TypeSH

Market value$4.93M

0.62%

Sole

0.00

Shared

0.00

None

19.12K

CLEARWAY ENERGY INC

SOLE

CL C

Shares130.24K

TypeSH

Market value$4.33M

0.54%

Sole

0.00

Shared

0.00

None

130.24K

CARETRUST REIT INC

SOLE

COM

Shares119.42K

TypeSH

Market value$4.32M

0.54%

Sole

0.00

Shared

0.00

None

119.42K

FIRST INDL RLTY TR INC

SOLE

COM

Shares73.96K

TypeSH

Market value$4.24M

0.53%

Sole

0.00

Shared

0.00

None

73.96K

NEXTERA ENERGY INC

SOLE

COM

Shares51.92K

TypeSH

Market value$4.17M

0.52%

Sole

1.63K

Shared

0.00

None

50.30K

PORTLAND GEN ELEC CO

SOLE

COM NEW

Shares86.22K

TypeSH

Market value$4.14M

0.52%

Sole

0.00

Shared

0.00

None

86.22K

EVERSOURCE ENERGY

SOLE

COM

Shares60.06K

TypeSH

Market value$4.04M

0.51%

Sole

0.00

Shared

0.00

None

60.06K

META PLATFORMS INC

SOLE

CL A

Shares6.07K

TypeSH

Market value$4.00M

0.50%

Sole

439.00

Shared

0.00

None

5.63K

ATMOS ENERGY CORP

SOLE

COM

Shares23.79K

TypeSH

Market value$3.99M

0.50%

Sole

0.00

Shared

0.00

None

23.79K

ISHARES TR

SOLE

MSCI USA MIN VOL

Shares41.34K

TypeSH

Market value$3.89M

0.49%

Sole

0.00

Shared

0.00

None

41.34K

TERRENO RLTY CORP

SOLE

COM

Shares65.97K

TypeSH

Market value$3.87M

0.49%

Sole

0.00

Shared

0.00

None

65.97K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
EA SERIES TRUSTSOLE	CASTELLAN TARGET	6.42M	SH	$428.63M 53.90%	0.00	6.42M
EA SERIES TRUSTSOLE	CASTELLAN TARGET	2.94M	SH	$149.03M 18.74%	0.00	2.94M
ALPHABET INCSOLE	CAP STK CL C	37.10K	SH	$11.64M 1.46%	1.51K	35.59K
EA SERIES TRUSTSOLE	ALPHA ARCH 1-3	96.08K	SH	$11.06M 1.39%	0.00	96.08K
MICROSOFT CORPSOLE	COM	17.12K	SH	$8.28M 1.04%	983.00	16.14K
AMAZON COM INCSOLE	COM	35.81K	SH	$8.27M 1.04%	1.61K	34.20K
SPDR S&P 500 ETF TRSOLE	TR UNIT	11.18K	SH	$8.02M 1.01%	0.00	11.18K
ABRDN PRECIOUS METALS BASKETSOLE	PHYSCL PRECS MET	37.98K	SH	$7.81M 0.98%	0.00	37.98K
EXXON MOBIL CORPSOLE	COM	62.97K	SH	$7.58M 0.95%	503.00	62.47K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	39.02K	SH	$7.47M 0.94%	0.00	39.02K
MCKESSON CORPSOLE	COM	8.13K	SH	$6.67M 0.84%	115.00	8.02K
APPLE INCSOLE	COM	24.50K	SH	$6.66M 0.84%	1.75K	22.75K
SELECT SECTOR SPDR TRSOLE	STATE STREET ENE	144.45K	SH	$6.46M 0.81%	0.00	144.45K
NVIDIA CORPORATIONSOLE	COM	31.48K	SH	$5.87M 0.74%	3.36K	28.11K
VANGUARD INDEX FDSSOLE	SMALL CP ETF	19.12K	SH	$4.93M 0.62%	0.00	19.12K
CLEARWAY ENERGY INCSOLE	CL C	130.24K	SH	$4.33M 0.54%	0.00	130.24K
CARETRUST REIT INCSOLE	COM	119.42K	SH	$4.32M 0.54%	0.00	119.42K
FIRST INDL RLTY TR INCSOLE	COM	73.96K	SH	$4.24M 0.53%	0.00	73.96K
NEXTERA ENERGY INCSOLE	COM	51.92K	SH	$4.17M 0.52%	1.63K	50.30K
PORTLAND GEN ELEC COSOLE	COM NEW	86.22K	SH	$4.14M 0.52%	0.00	86.22K
EVERSOURCE ENERGYSOLE	COM	60.06K	SH	$4.04M 0.51%	0.00	60.06K
META PLATFORMS INCSOLE	CL A	6.07K	SH	$4.00M 0.50%	439.00	5.63K
ATMOS ENERGY CORPSOLE	COM	23.79K	SH	$3.99M 0.50%	0.00	23.79K
ISHARES TRSOLE	MSCI USA MIN VOL	41.34K	SH	$3.89M 0.49%	0.00	41.34K
TERRENO RLTY CORPSOLE	COM	65.97K	SH	$3.87M 0.49%	0.00	65.97K

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