Fortis Advisors, LLC

Hedge Fund • Quant Macro

Fortis Advisors, LLC is a Hedge Fund specializing in Quant Macro based in Austin, TX led by Sanjiv Kumar, reporting $397.2M in AUM as of Q3 2025 with 72% ETF concentration.

FounderSanjiv Kumar

Portfolio Value: $174.1M
Positions: 121
Top Holding: VUSB at 9.82%
Last Reported: Q3 2025

Address7701 San Felipe Blvd., Suite 100, Austin, TX, 78729, United States

Top Holdings

Largest long holdings in Fortis Advisors, LLC's portfolio (43.7% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Ultra-Short Bond VUSB	ETF ETF	$17.1M	9.82%	-$150.9K Sold	— 342.0K shares	Q3 2022 Held for 3y 2m
2 DoubleLine Opportunistic Bond DBND	ETF ETF	$9.7M	5.58%	+$2.4M Bought	— 208.7K shares	Q3 2023 Held for 2y 2m
3 Vanguard Short-Term Bond BSV	ETF ETF	$7.1M	4.10%	-$4.2M Sold	— 90.5K shares	Q1 2019 Held for 6y 8m
4 iShares MSCI Emerging Markets ex China EMXC	ETF ETF	$6.5M	3.73%	-$506.2K Sold	— 96.3K shares	Q4 2022 Held for 2y 11m
5 ICOW Pacer Developed Markets International Cash Cows 100 ICOW	ETF ETF	$6.4M	3.69%	+$902.0K Bought	— 176.6K shares	Q2 2022 Held for 3y 5m
6 Vanguard FTSE Developed Markets VEA	ETF ETF	$6.4M	3.66%	+$554.0K Bought	— 106.5K shares	Q4 2021 Held for 3y 11m
7 VanEck Gold Miners GDX	ETF ETF	$5.9M	3.36%	+$274.3K Bought	— 76.6K shares	Q1 2023 Held for 2y 8m
8 Schwab U.S. TIPS SCHP	ETF ETF	$5.8M	3.33%	+$722.1K Bought	— 215.3K shares	Q3 2024 Held for 1y 2m
9 Vanguard Dividend Appreciation VIG	Unknown Unknown	$5.6M	3.22%	-$614.1K Sold	— 26.0K shares	Q4 2022 Held for 2y 11m
10 Seagate Technology Holdings PLC STX	Computer Hardware Technology	$5.5M	3.17%	—	0.01% 23.4K shares	Q4 2016 Held for 8y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Fortis Advisors, LLC's latest filing

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Market Value

$174.1M

Prior: $155.3M

Q/Q Change

+12.13%

+$18.8M

Net Flows % of MV

+1.72%

Turnover Ratio

13.08%

New Purchases

6 stocks

$12.2M

Added To

37 stocks

+$10.3M

Sold Out Of

9 stocks

$3.6M

Reduced Holdings

40 stocks

-$16.0M

Increased Positions

Position	Shares Δ	Change
1 Pacer US Large Cap Cash Cows Growth Leaders COWG	New	0 → 104.2K +$3.8M
2 Sprott Energy Transition Materials SETM	New	0 → 142.4K +$3.6M
3 Global X Defense Tech SHLD	New	0 → 42.9K +$3.0M
4 iShares MSCI Emerging Markets Asia EEMA	New	0 → 17.4K +$1.6M
5 Invesco S&P 500 Top 50 ETF XLG	New	0 → 4.5K +$257.8K

Decreased Positions

Position	Shares Δ	Change
1 Vanguard FTSE Emerging Markets VWO	Sold	16.3K → 0 −$807.2K
2 Johnson & Johnson JNJ	Sold	3.8K → 0 −$580.5K
3 Keurig Dr Pepper KDP	Sold	15.7K → 0 −$518.6K
4 iShares MSCI EAFE EFA	Sold	5.7K → 0 −$506.7K
5 FlexShares Global Upstream Natural Resources Index Fund GUNR	Sold	9.9K → 0 −$397.3K