McElhenny Sheffield Capital Management, LLC

Long Only Manager

McElhenny Sheffield Capital Management, LLC is a Long Only Manager based in Dallas, TX led by Bruce Mcelhenny Fraser, reporting $508.7M in AUM as of Q3 2025 with 86% ETF concentration, 85% concentrated in top 10 holdings, 24% allocation to MSMR, and minimal technology exposure.

Managing PartnerBruce Mcelhenny Fraser

Portfolio Value: $422.0M
Positions: 106
Top Holding: MSMR at 24.06%
Last Reported: Q3 2025

Address4701 W. Lovers Lane, Dallas, TX, 75209, United States

Top Holdings

Largest long holdings in McElhenny Sheffield Capital Management, LLC's portfolio (84.7% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 McElhenny Sheffield Managed Risk MSMR	ETF ETF	$101.5M	24.06%	-$51.0K Sold	— 3.0M shares	Q4 2022 Held for 2y 11m
2 ProShares UltraPro QQQ TQQQ	ETF ETF	$70.6M	16.73%	+$3.2M Bought	— 682.8K shares	Q1 2023 Held for 2y 8m
3 Invesco QQQ Trust QQQ	ETF ETF	$57.7M	13.68%	+$4.6M Bought	— 96.2K shares	Q3 2021 Held for 4y 2m
4 SPDR S&P 500 ETF Trust SPY	ETF ETF	$38.8M	9.21%	+$50.0K Bought	— 58.3K shares	Q3 2021 Held for 4y 2m
5 iShares U.S. Aerospace & Defense ITA	ETF ETF	$22.8M	5.40%	+$22.8M Bought	— 109.0K shares	Q3 2025 Held for 2 months
6 Technology Select Sector SPDR Fund XLK	ETF ETF	$17.5M	4.15%	+$16.7M Bought	— 62.1K shares	Q3 2021 Held for 4y 2m
7 Industrial Select Sector SPDR Fund XLI	ETF ETF	$15.8M	3.73%	+$15.8M Bought	— 102.1K shares	Q3 2025 Held for 2 months
8 iShares Core S&P Total U.S. Stock Market ITOT	ETF ETF	$13.7M	3.26%	+$1.0M Bought	— 94.4K shares	Q2 2025 Held for 5 months
9 ProShares S&P 500 Dividend Aristocrats NOBL	ETF ETF	$12.2M	2.88%	+$226.4K Bought	— 118.1K shares	Q4 2022 Held for 2y 11m
10 Microsoft MSFT	Software - Infrastructure Technology	$6.8M	1.60%	+$500.9K Bought	0.00% 13.1K shares	Q3 2021 Held for 4y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in McElhenny Sheffield Capital Management, LLC's latest filing

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Market Value

$422.0M

Prior: $427.9M

Q/Q Change

-1.39%

-$6.0M

Net Flows % of MV

-26.17%

Turnover Ratio

25.07%

New Purchases

4 stocks

$1.0M

Added To

44 stocks

+$31.5M

Sold Out Of

148 stocks

$123.8M

Reduced Holdings

34 stocks

-$19.2M

Increased Positions

Position	Shares Δ	Change
1 Molson Coors Beverage Company TAP	New	0 → 6.7K +$304.7K
2 TransDigm Group TDG	New	0 → 210.0 +$276.8K
3 Cadence Bank CADE	New	0 → 7.0K +$262.8K
4 Vanguard FTSE Developed Markets VEA	New	0 → 3.4K +$205.6K
5 Technology Select Sector SPDR Fund XLK	+2,223.43%	2.7K → 62.1K +$16.7M

Decreased Positions

Position	Shares Δ	Change
1 GLD SPDR Gold Trust GLD	Sold	68.7K → 0 −$20.9M
2 iShares 1-3 Year Treasury Bond SHY	Sold	176.9K → 0 −$14.7M
3 USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund USDU	Sold	519.2K → 0 −$13.4M
4 Carrier Global CARR	Sold	172.0K → 0 −$12.6M
5 Baxter International BAX	Sold	300.0K → 0 −$9.1M

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Analytics

Portfolio insights and performance metrics for McElhenny Sheffield Capital Management, LLC

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Sector Allocation

ETF

85.60%

Technology

4.40%

Financial Services

2.10%

Consumer Defensive

1.80%

Healthcare

1.50%

Energy

1.40%

Industrials

1.20%

Consumer Cyclical

0.70%

Communication Services

0.50%

Real Estate

0.30%

Basic Materials

0.10%

Market Cap Distribution

Mega Cap (> $200B)

9.35%

Large Cap ($10B - $200B)

4.44%

Mid Cap ($2B - $10B)

0.11%

Nano Cap (< $50M)

0.06%

N/A (ETF or Unknown)

86.03%

Portfolio Concentration

Top 10 Holdings %

84.71%

Top 20 Holdings %

90.42%

Top 50 Holdings %

95.65%

Top 100 Holdings %

99.72%