Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC's $730M, 195-name 13F for Q1 2026 is unambiguous in its structural identity as an ETF-overlay institutional wrapper — seven of the top eight holdings are ETFs, led by SPYM (S&P 500 at 6.2%), DYNF (AI-driven factor at 5.5%), IVW (large-cap growth at 4.7%), IVE (large-cap value at 4.7%), and SCHZ (aggregate bonds at 4.5%), a vehicle-level allocation framework where manager alpha is expressed through sleeve construction and vehicle selection rather than through fundamental equity research at the individual company level. With whaleScore of 56.75 across 195 names, this fund has reasonable diversification breadth, but breadth is distributed across an ETF-first architecture that offers limited smart-money signal value — all top-layer risk is in vehicles, not names, and conviction signals at the security-selection tier are absent.