Whitcomb & Hess, Inc.

RIA/Wealth

Whitcomb & Hess, Inc. is a RIA/Wealth based in Ashland, OH led by Aaron Lee Bates, managing $388.9M across 57 long positions as of Q3 2025 with 99% ETF concentration and 68% concentrated in top 10 holdings.

PresidentAaron Lee Bates

Portfolio Value: $388.9M
Positions: 57
Top Holding: SPYV at 12.87%
Last Reported: Q3 2025

Address1020 Cleveland Avenue, Ashland, OH, 44805, United States

Top Holdings

Largest long holdings in Whitcomb & Hess, Inc.'s portfolio (67.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPYV SPDR Portfolio S&P 500 Value ETF SPYV	ETF ETF	$50.1M	12.87%	+$1.1M Bought	— 904.8K shares	Q2 2021 Held for 4y 5m
2 Vanguard FTSE Developed Markets VEA	ETF ETF	$45.8M	11.77%	+$266.3K Bought	— 763.8K shares	Q2 2021 Held for 4y 5m
3 SPDR Portfolio S&P 500 Growth ETF SPYG	ETF ETF	$38.6M	9.92%	-$236.5K Sold	— 369.2K shares	Q2 2021 Held for 4y 5m
4 BOXX Alpha Architect BOXX	ETF ETF	$26.0M	6.68%	+$1.6M Bought	— 228.1K shares	Q2 2024 Held for 1y 5m
5 iShares Core S&P Mid-Cap ETF IJH	ETF ETF	$20.0M	5.13%	+$444.5K Bought	— 305.7K shares	Q2 2021 Held for 4y 5m
6 iShares Core S&P Small-Cap ETF IJR	ETF ETF	$19.2M	4.94%	+$831.7K Bought	— 161.8K shares	Q2 2021 Held for 4y 5m
7 Vanguard FTSE Emerging Markets VWO	ETF ETF	$19.2M	4.93%	+$126.5K Bought	— 354.0K shares	Q2 2021 Held for 4y 5m
8 Vanguard Mortgage-Backed Securities VMBS	ETF ETF	$17.1M	4.40%	+$1.5M Bought	— 364.5K shares	Q2 2021 Held for 4y 5m
9 VanEck Gold Miners GDX	ETF ETF	$13.9M	3.58%	-$3.3M Sold	— 182.2K shares	Q2 2022 Held for 3y 5m
10 SPDR Bloomberg Investment Grade Floating Rate ETF FLRN	ETF ETF	$13.9M	3.58%	+$1.2M Bought	— 450.8K shares	Q2 2024 Held for 1y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Whitcomb & Hess, Inc.'s latest filing

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Market Value

$388.9M

Prior: $354.6M

Q/Q Change

+9.68%

+$34.3M

Net Flows % of MV

+1.64%

Turnover Ratio

2.44%

New Purchases

2 stocks

$445.0K

Added To

32 stocks

+$12.0M

Sold Out Of

1 stocks

$216.4K

Reduced Holdings

13 stocks

-$5.8M

Increased Positions

Position	Shares Δ	Change
1 Palantir Technologies Inc. PLTR	New	0 → 1.3K +$237.3K
2 The Gorman-Rupp Company GRC	New	0 → 4.5K +$207.7K
3 SPDR S&P 500 ETF Trust SPY	+30.47%	873.0 → 1.1K +$177.2K
4 Cleveland-Cliffs CLF	+12.43%	22.9K → 25.8K +$34.8K
5 Invesco QQQ Trust QQQ	+10.0%	450.0 → 495.0 +$27.0K

Decreased Positions

Position	Shares Δ	Change
1 Philip Morris International PM	Sold	1.2K → 0 −$216.4K
2 VanEck Rare Earth and Strategic Metals REMX	-40.85%	8.2K → 4.9K −$220.6K
3 iShares National Muni Bond MUB	-23.69%	3.5K → 2.7K −$88.8K
4 VanEck Gold Miners GDX	-19.13%	225.3K → 182.2K −$3.3M
5 iShares MSCI Spain EWP	-13.63%	251.6K → 217.3K −$1.7M