Constellation Investments, Inc.

$3.0B reported 13(f) long value · latest quarter 2026-06-30 · CIK 1573575 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $3.0B
ALL retained default holdings for this (filer, period), including NULL-value ones: 19
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 1
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 1

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:10307` · issuer key `iss:1012` CORE S&P500 ETF	TRIM	−$144M	−146,657	$1.0B	$887M	1,505,047	1,358,390
position key `pos:14737` · issuer key `iss:1012` CORE US AGGBD ET	TRIM	−$118M	−1,142,013	$705M	$588M	7,062,919	5,920,906
position key `sid:sec:prov:127f0021d8310eeeecdea8298c5f12e5` · issuer key `cusip6:922908` S&P 500 ETF SHS	ADD	+$10.5M	+61,800	$561M	$572M	895,000	956,800
position key `pos:11463` · issuer key `iss:1012` CORE S&P TTL STK	ADD	+$67.4M	+500,000	$90.4M	$158M	608,000	1,108,000
position key `pos:11431` · issuer key `cusip6:92206C` INT-TERM CORP	TRIM	−$19.5M	−214,200	$146M	$127M	1,746,325	1,532,125
position key `pos:17965` · issuer key `cusip6:921937` TOTAL BND MRKT	NEW	+$81.0M	+1,100,000	$0	$81.0M	—	1,100,000
position key `pos:16868` · issuer key `iss:1012` CORE S&P MCP ETF	TRIM	−$63.0M	−965,000	$93.7M	$30.7M	1,420,000	455,000
position key `sid:sec:prov:7175357d7c86ef92a73a4c94c374b858` · issuer key `cusip6:92206C` INTER TERM TREAS	TRIM	−$352K	−5,000	$8.6M	$8.3M	144,000	139,000
position key `pos:12885` · issuer key `iss:280` ISHARES AAA CLO	TRIM	−$2.6M	−51,130	$4.0M	$1.4M	78,130	27,000
pos:14033	EXIT‡e	−$24.0M	−200,000	$24.0M	$0	200,000	—

Flags: no row carries a flag.

Mark-to-market only (no share change) · 10

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
position key `pos:12944` · issuer key `cusip6:922908` TOTAL STK MKT	NO CHANGE	−$8.5M	$197M	$189M	587,923	587,923
position key `pos:11173` · issuer key `iss:995` UNIT SER 1	NO CHANGE	−$6.6M	$110M	$103M	179,026	179,026
position key `sid:sec:prov:f1fd766d326ca552a85c000a4415c3d6` · issuer key `cusip6:46432F` CORE MSCI EAFE	NO CHANGE	+$834K	$69.7M	$70.6M	779,498	779,498
position key `pos:14874` · issuer key `iss:1013` MBS ETF	NO CHANGE	−$134K	$47.2M	$47.1M	495,924	495,924
position key `pos:12962` · issuer key `iss:1602` STATE STREET SPD	NO CHANGE	−$164K	$40.4M	$40.3M	712,000	712,000
position key `pos:12858` · issuer key `iss:1012` RUS 1000 ETF	NO CHANGE	−$1.7M	$37.9M	$36.2M	101,441	101,441
position key `pos:14841` · issuer key `iss:1012` IBOXX INV CP ETF	NO CHANGE	−$299K	$27.5M	$27.2M	249,317	249,317
position key `pos:13905` · issuer key `iss:1016` CORE MSCI EMKT	NO CHANGE	+$925K	$24.6M	$25.5M	365,482	365,482
position key `pos:14648` · issuer key `iss:1012` MSCI EAFE ETF	NO CHANGE	+$207K	$18.1M	$18.3M	188,431	188,431
position key `sid:sec:prov:1a6ad5cfa82d1a61ffcb9c40f646e44d` · issuer key `cusip6:921932` 500 VAL IDX FD	NO CHANGE	−$14.8K	$2.9M	$2.9M	14,000	14,000

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–11 of 11 issuers · $3.0B disclosed value over 19 rows · 0 undisclosed-value rows

View

This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.

a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing

Share of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets.

value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0

—

ISHARES TR

7 positions · 7 reported rows

Rows Constellation Investments, Inc. reported for ISHARES TR, as it reported them
ISHARES TR · CORE S&P500 ETF CUSIP — src ↗	$887M	1,358,390
ISHARES TR · CORE US AGGBD ET CUSIP — src ↗	$588M	5,920,906
ISHARES TR · CORE S&P TTL STK CUSIP — src ↗	$158M	1,108,000
ISHARES TR · RUS 1000 ETF CUSIP — src ↗	$36.2M	101,441
ISHARES TR · CORE S&P MCP ETF CUSIP — src ↗	$30.7M	455,000
ISHARES TR · IBOXX INV CP ETF CUSIP — src ↗	$27.2M	249,317
ISHARES TR · MSCI EAFE ETF CUSIP — src ↗	$18.3M	188,431

ticker not yet mapped

$1.7B

9,381,485

57.9%

—

VANGUARD INDEX FDS

2 positions · 2 reported rows

Rows Constellation Investments, Inc. reported for VANGUARD INDEX FDS, as it reported them
VANGUARD INDEX FDS · S&P 500 ETF SHS CUSIP 922908363 src ↗	$572M	956,800
VANGUARD INDEX FDS · TOTAL STK MKT CUSIP — src ↗	$189M	587,923

ticker not yet mapped

$760M

1,544,723

25.2%

—

VANGUARD SCOTTSDALE FDS

2 positions · 2 reported rows

Rows Constellation Investments, Inc. reported for VANGUARD SCOTTSDALE FDS, as it reported them
VANGUARD SCOTTSDALE FDS · INT-TERM CORP CUSIP — src ↗	$127M	1,532,125
VANGUARD SCOTTSDALE FDS · INTER TERM TREAS CUSIP 92206C706 src ↗	$8.3M	139,000

ticker not yet mapped

$135M

1,671,125

4.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INVESCO QQQ TR · UNIT SER 1 CUSIP —
2026-03-31 filed 2026-04-22 +22d

src ↗

$103M

179,026

3.4%

—

VANGUARD BD INDEX FDS · TOTAL BND MRKT CUSIP —
2026-03-31 filed 2026-04-22 +22d

src ↗

ticker not yet mapped

$81.0M

1,100,000

2.7%

—

ISHARES TR · CORE MSCI EAFE CUSIP 46432F842
2026-03-31 filed 2026-04-22 +22d

src ↗

ticker not yet mapped

$70.6M

779,498

2.3%

—

ISHARES TR · MBS ETF CUSIP —
2026-03-31 filed 2026-04-22 +22d

src ↗

ticker not yet mapped

$47.1M

495,924

1.6%

—

SPDR SERIES TRUST · STATE STREET SPD CUSIP —
2026-03-31 filed 2026-04-22 +22d

src ↗

ticker not yet mapped

$40.3M

712,000

1.3%

—

ISHARES INC · CORE MSCI EMKT CUSIP —
2026-03-31 filed 2026-04-22 +22d

src ↗

ticker not yet mapped

$25.5M

365,482

0.8%

—

VANGUARD ADMIRAL FDS INC · 500 VAL IDX FD CUSIP 921932703
2026-03-31 filed 2026-04-22 +22d

src ↗

ticker not yet mapped

$2.9M

14,000

0.1%

—

BLACKROCK ETF TRUST II · ISHARES AAA CLO CUSIP —
2026-03-31 filed 2026-04-22 +22d

src ↗

ticker not yet mapped

$1.4M

27,000

0.0%

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 100.0%above median 80.0%
Concentration index: 1,725 bpsabove median 446 bps
Positions with value: 19 / 19median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 100.0% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 1,725 · QoQ moves: 20

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗
2026-06-30	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open Constellation Investments, Inc.'s 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).