SEC Filing Analysis: Navigoe, LLC (13F-HR)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Navigoe, LLC has filed its quarterly Form 13F-HR, disclosing $156.6 million in assets under management across 268 positions as of September 30, 2025. The portfolio is overwhelmingly concentrated in broad-market and factor-based Exchange Traded Funds (ETFs), primarily from Dimensional ETF Trust and American Century ETF Trust.
• Market Impact: As a lagging indicator of a medium-sized investment manager's portfolio, this filing is expected to have a neutral market impact. It is more valuable for understanding the firm's investment philosophy than for predicting short-term price movements in underlying securities.

Filer Information

Field	Value
Filer Name	Navigoe, LLC
CIK	0002056100
Role	Investment Manager
Total Portfolio Value	$156,643,000
Number of Holdings	268

Insider Information

This is an institutional filing (Form 13F-HR) by an investment manager, not a corporate insider filing (Form 4). Therefore, insider-specific details are not applicable.

Transaction Details

Form 13F-HR is a report of holdings at the end of a quarter, not a report of individual transactions. Details of specific buys or sells, dates, and prices are not included.

Field	Value
Form Type	13F-HR
Period of Report Date	2025-09-30
Filing Date	2025-10-10

Top 10 Holdings Analysis

Holding	Class	Value (USD)	Shares
DIMENSIONAL ETF TRUST	US MKTWIDE VALUE	$14,620,000	327,159
DIMENSIONAL ETF TRUST	US TARGETED VLU	$13,151,000	225,927
DIMENSIONAL ETF TRUST	US CORE EQT MKT	$12,911,000	282,153
DIMENSIONAL ETF TRUST	US SMALL CAP VAL	$11,273,000	354,071
DIMENSIONAL ETF TRUST	INTL HIGH PROFIT	$7,799,000	256,606
ISHARES TR	CORE S&P500 ETF	$7,287,000	10,888
DIMENSIONAL ETF TRUST	US SMALL CAP ETF	$6,713,000	98,067
AMERICAN CENTY ETF TR	US SML CP VALU	$6,032,000	60,614
AMERICAN CENTY ETF TR	INTERNATIONAL LR	$4,762,000	70,616
AMERICAN CENTY ETF TR	US LARGE CAP VLU	$4,744,000	65,652

Investment Insights

Portfolio Strategy

• ETF Dominance: The portfolio is heavily skewed towards ETFs, which comprise the vast majority of the assets under management. This suggests a top-down, diversified investment strategy rather than a bottom-up, stock-picking approach.
• Factor-Based Investing: The significant positions in Dimensional and Avantis (American Century) ETFs, known for their focus on factors like value, small-cap, and profitability, indicate a systematic, evidence-based investment philosophy.
• Diversification: With 268 holdings, the portfolio is highly diversified. The largest single position accounts for less than 10% of the total portfolio value, reducing concentration risk.

Key Takeaways

1. Passive/Systematic Approach: Navigoe, LLC appears to follow a systematic, diversified approach, relying on established investment factors rather than active stock selection.
2. Largest Single-Stock Position: The largest individual stock holding is Apple Inc. (AAPL) at $4.29 million, followed by Berkshire Hathaway Inc. (BRK.A) at $3.77 million. While notable, these are small positions relative to the core ETF holdings.
3. Lagging Data: It is crucial to remember that 13F data is a snapshot from over a month prior to the filing date and may not reflect the current portfolio.

Contextual Analysis

Filing Context

Form 13F-HR is a mandatory quarterly filing for institutional investment managers with at least $100 million in qualifying assets under management. It provides transparency into the holdings of large investors but does not include cash positions, short positions, or certain other asset types.

Market Considerations

The portfolio's structure suggests a long-term, buy-and-hold strategy based on academic finance principles. It is not designed for short-term tactical trading, and therefore, the filing provides little insight into near-term market sentiment.

Risk Assessment

Risk Level: Low

Risk Factors

• Information Lag: The primary risk in interpreting this data is its age. The reported holdings were as of September 30, 2025, and may have changed since.
• Limited Scope: The filing does not provide a complete picture of the firm's strategy, as it excludes non-qualifying securities, short positions, and derivatives.
• No Predictive Value: 13F filings are historical records and are not reliable predictors of future performance or an investment manager's future actions.

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IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-11 | Data source: SEC EDGAR