S.E.E.D. Planning's $344M RIA Book Pairs Mega-Cap Tech With CBRE Contrarian Tell — Q1 2026 13F-HR

Executive Summary

As of April 23, 2026, The 13F Tracker Desk processed 30 Form 13F-HR filings submitted to the SEC today, with a single data-rich disclosure from S.E.E.D. Planning Group LLC — a Syosset, New York-based registered investment advisor — reporting approximately $344.3 million in U.S. equity holdings across 89 positions (filing dated April 23, 2026, reporting Q1 2026 positions as of March 31, 2026; SEC accession 0001765515-26-000003, filing index). The remaining 28 non-amendment filings reached us without parsed InfoTable holdings at publication time, and one amendment (ICG Advisors LLC, accession 0001754960-26-000312) carried no restated position data. The data-parsing ratio is consistent with the April 22 cohort (one parsed filing of thirty) and reflects SEC EDGAR's staggered InfoTable availability rather than any change in filing volume.

S.E.E.D. Planning Group's filing reads as a quality-and-defensibility blend — a portfolio that pairs the mega-cap technology complex with classical defensive compounders rather than cyclical or deep-value names. The top ten positions account for roughly 40.4% of reported assets ($139.1 million) and are led by Amazon.com (AMZN) at 4.77% of portfolio ($16.44M, 78,938 shares), Apple (AAPL) at 4.69% ($16.16M, 63,667 shares), and Alphabet Class A (GOOGL) at 4.12% ($14.17M, 49,286 shares). The next seven holdings — NextEra Energy (NEE), Linde plc (LIN), CBRE Group (CBRE), Meta Platforms (META), Sherwin-Williams (SHW), Thermo Fisher Scientific (TMO), and Agilent Technologies (A) — are all sized between $12.61M and $13.80M. That flat weight distribution across ranks 3-10 is itself the signal: no non-tech name dominates, and the manager treats seven quality-compounder mid-caps as functionally interchangeable sleeves.

Today's top signals, in priority order: (1) S.E.E.D. Planning Group — top-10 concentration of 40.4% anchored by AMZN ($16.44M), AAPL ($16.16M), and GOOGL ($14.17M), reporting Q1 2026 positions, consistent with quality-growth mega-cap conviction; (2) a deliberate defensive sleeve — NextEra Energy ($13.80M), Linde ($13.37M), Sherwin-Williams ($13.16M), Thermo Fisher ($12.70M), and Agilent ($12.61M) represent 18.55% of portfolio across utilities, industrial gases, specialty coatings, and life-sciences tools, all recurring-revenue compounders with regulated or contractually durable cash flows; (3) CBRE Group (CBRE) at 3.88% of portfolio ($13.36M) — a commercial real-estate services name that is an unusual mid-cycle position and the edition's most watchable contrarian signal.

Context for today's read: the S&P 500 closed at 7,137.90 on April 22, 2026, recovering from 7,064.01 on April 21 (+1.04%) and above the five-session range of 7,022.95-7,137.90; the VIX settled at 19.50 on April 21, up from 18.87 on April 20 and 17.48 on April 17 — a modest volatility uptick but well below the April 7 spike to 25.78. The Fed Funds Rate is at 3.64%, and the 10Y-2Y Treasury spread stood at 0.51 on April 22, essentially unchanged from 0.52 a week ago and consistent with a mildly positive-sloped curve. 13F-HR filings report end-of-quarter positions; S.E.E.D.'s March 31 snapshot predates the April 7 volatility spike by six sessions and does not reflect any subsequent rebalancing the manager may have undertaken.

Today In Numbers

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The dashboard carries a NOTABLE-leaning tilt on concentration (S.E.E.D.'s 40.4% top-10 weight is meaningfully heavier than the April 22 cohort's Fort Washington reading of 29.7%) and a cautiously BULLISH market backdrop (S&P 500 +1.64% over five sessions, positive-sloped yield curve). Twenty-nine of thirty filings reached us without parsed InfoTable data at publication time, so today's edition again weights heavily on a single filer's disclosure. Cross-reference against our April 16-22 parsed cohort for broader institutional context.

Notable Filer Deep Dives

S.E.E.D. Planning Group LLC — $344.3M AUM

• Filing: 13F-HR filed April 23, 2026; reporting period Q1 2026 (as of March 31, 2026); SEC EDGAR accession 0001765515-26-000003 — filing index.
• Filer profile: S.E.E.D. Planning Group LLC is a Syosset, New York-based registered investment advisor serving high-net-worth individuals and institutional clients. CIK 0001765515 in the SEC EDGAR system. The 13F-HR reported here reflects discretionary U.S. equity positions held on behalf of advisory clients, not a proprietary hedge fund book.
• Portfolio summary: 89 positions, total reported value approximately $344.3 million. Top five holdings: AMZN 4.77%, AAPL 4.69%, GOOGL 4.12%, NEE 4.01%, LIN 3.88% — combined 21.47% of portfolio. The portfolio is concentrated at the top but not extreme: the top ten at $139.1M represent 40.4% of assets, meaningfully heavier than the April 22 Fort Washington reading (29.7%) but well inside normal-distribution territory for concentrated-quality RIAs.

Top 10 holdings table (as of March 31, 2026):

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• What changed: S.E.E.D. Planning Group is not covered in our filers library with a parsed prior-quarter position set in the current edition, so position-level quarter-over-quarter deltas (new/increased/decreased/exit) are not available at this edition. We flag the Q1 2026 filing as a baseline for prospective Q2 comparison in the July 2026 filing cycle. Portfolio-structure observations below are descriptive of the March 31, 2026 position snapshot, subject to the standard 45-day 13F reporting delay.
• Sector allocation (classifier tags; uncategorized positions sit in 'Other'): Technology 21.3% ($73.24M across 7 positions, anchored by AAPL, GOOGL, META, and Agilent); Consumer 6.8% ($23.52M across 5 positions, including AMZN under consumer discretionary); Financials 0.86% ($2.95M, 1 position); Energy 0.82% ($2.81M, 2 positions); Communications 0.14% ($0.48M, 1 position); Other/Uncategorized 70.1% ($241.35M, 73 positions). The large Other bucket reflects classifier coverage gaps rather than a true absence of sector exposure — it includes industrials (LIN, SHW, A), real-estate services (CBRE), utilities (NEE), healthcare tools (TMO), and other mid/small-cap names outside the classifier's recognized list. Reconstructed from the top 10 directly: Technology 16.36%, Consumer Discretionary 4.77%, Utilities 4.01%, Industrial Gases 3.88%, Real Estate Services 3.88%, Specialty Chemicals 3.82%, Life Science Tools 3.69%.
• The signal: S.E.E.D.'s portfolio is constructed like a diversified-quality RIA mandate — the manager is not making a directional sector bet but is instead spreading capital across roughly equal-sized conviction positions in eight or nine "best-in-class" names per sector. Mega-cap tech exposure is present (AMZN, AAPL, GOOGL, META together = 17.46% of portfolio) but deliberately capped: no single Magnificent Seven name exceeds 4.77%, and the manager has not concentrated heavily in any one (notably absent from the top-10: Microsoft, Nvidia, Tesla, Berkshire Hathaway). The defensive sleeve — NEE (regulated utility with renewables optionality), LIN (industrial-gas duopoly with take-or-pay contracts), SHW (specialty coatings compounder), TMO (life-science tools oligopoly), A (analytical instruments) — is the distinguishing feature and represents approximately 19.06% of portfolio across five names. The CBRE position (commercial real-estate services) is the most cyclically exposed top-10 name and the edition's most watchable contrarian signal. For a PM: S.E.E.D.'s book is constructed for portfolio-level stability rather than directional alpha — it reads as a goals-based wealth-management allocation with an implicit "own quality, diversify across sectors, avoid concentration beyond 5%" ruleset.

Other 13F-HR filings received April 23, 2026 (data not yet parsed)

Twenty-eight additional non-amendment filings and one amendment (ICG Advisors LLC) reached our system today without parsed InfoTable holdings. The majority are smaller RIAs and boutique advisors — Weber Capital Management, Lakewood Asset Management, 3Chopt Investment Partners, Catalina Capital Group, KRM Wealth Management, Aegis Wealth Management, Blackston Financial Advisory Group, Clear Creek Financial Management, Littlejohn Financial Services, Sterling Wealth Advisors, Arbor Wealth Advisors, Bigelow Investment Advisors, Glass Jacobson Investment Advisors, BluePrint Investing, Capital Investment Management, Three Magnolias Financial Advisors, NewCorp Financial Services, Sentry LLC, DORVAL Corp, Avise Financial Cooperative, Gemmer Asset Management, and Barry Investment Advisors — whose discretionary books sit below the notable-filer threshold for deep coverage. Several merit continuity flags:

• Broad Peak Investment Advisers Pte Ltd — accession 0001547349-26-000005 — filing index. Singapore-headquartered multi-strategy hedge fund; prior-quarter 13F-HRs have shown meaningful Asian-ADR and U.S. mid-cap positioning. We will prioritize re-parsing once InfoTable data is available.
• QV Investors Inc. — accession 0001570253-26-000002. Canadian institutional equity manager; discretionary U.S. book has historically tilted value-quality and is worth tracking for cross-border allocation patterns.
• Viewpoint Investment Partners Corp — accession 0000897069-26-000940. Canadian quant-oriented manager; prior-quarter positioning has reflected factor-tilt rebalancing signals.
• North Star Investment Management Corp. — accession 0001062993-26-002110. Known small-cap-value manager with a multi-decade track record; its 13F-HR is among the more informative smaller-filer disclosures when parsed.
• PayPay Securities Corp — accession 0001908623-26-000002. Tokyo-based online securities arm of PayPay Corporation; rare Japanese-retail-adjacent 13F filer occasionally reflecting aggregated Japanese individual-investor positioning in U.S. equities.
• Joel Isaacson & Co., LLC — accession 0001599330-26-000002. New York-based multi-family office and RIA; discretionary books at Isaacson typically run $1.0-2.0 billion in U.S. equities.
• ICG Advisors, LLC (amendment) — accession 0001754960-26-000312. Amendment filings restate prior holdings or correct errors; we will inspect once the amended InfoTable is available.

These will be picked back up in subsequent editions as InfoTable parsing completes.

Sector Flow Analysis

Because 29 of 30 filings today lack parsed holdings, sector aggregation across the full April 23, 2026 cohort is not statistically meaningful. The table below reports the sector breakdown for the single data-rich filing (S.E.E.D. Planning Group) as a snapshot, not a sample mean:

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Observations for the S.E.E.D. sleeve specifically: Technology at 21.3% of the classified allocation is in line with a quality-growth generalist book and slightly lighter than the April 22 Fort Washington reading of 22.4%. The Consumer bucket at 6.8% is almost entirely driven by the Amazon top holding (AMZN alone is roughly 70% of that bucket). Explicitly classified Financials (0.86%) and Energy (0.82%) look like extreme-underweight signals in isolation, but readers should note that NextEra Energy (NEE) sits in the Other/Utilities bucket in this classifier rather than Energy — so the true energy-and-utilities exposure is closer to 4.9% once NEE is counted. Similarly, the Industrials exposure (LIN + SHW at $26.52M combined, 7.70% of portfolio) is parked in the Other bucket because the classifier does not have a distinct Industrials tag.

Reconstructed sector-by-top-10 (manual, for PM-level read): Technology 16.36% (AAPL + GOOGL + META + Agilent); Consumer Discretionary 4.77% (AMZN); Utilities 4.01% (NEE); Industrial Gases 3.88% (LIN); Real Estate Services 3.88% (CBRE); Specialty Chemicals 3.82% (SHW); Life Science Tools 3.69% (TMO). This reconstructed view is materially more balanced than the April 22 Fort Washington read, which showed 22.4% Technology inside a 29.7% top-10 concentration ratio. The cross-day observation: institutional quality-growth managers are not uniformly tech-heavy — S.E.E.D.'s allocation reflects a diversification-first philosophy, while Fort Washington's April 22 allocation reflects a concentration-in-best-ideas philosophy. Both books are quality-growth; the weight patterns diverge.

Activist And Concentration Watch

No filing in today's parsed dataset trips our conventional activist screens. Concentration test: S.E.E.D. Planning Group's largest single-name position (Amazon.com at 4.77% of portfolio) sits well below the 10%-in-one-name threshold that typically signals extreme conviction or activist accumulation. The top seven positions all lie in the 3.66%-4.77% range — a notably flat distribution indicating a rules-based rebalancing regime rather than an active-concentration posture.

Cumulative top-10 concentration at 40.4% is meaningfully heavier than Fort Washington's April 22 reading (29.7%) and slightly above the typical index-aware quality-growth mandate (35-40%). The differential is consistent with S.E.E.D. being a smaller, more focused RIA — with 89 positions versus Fort Washington's 450, S.E.E.D.'s top-10 naturally absorbs a larger share of assets despite no single name dominating.

New capital deployments greater than $100M: we cannot flag any in today's data because S.E.E.D.'s top position (AMZN at $16.44M) is two orders of magnitude below the conventional $100M-deployment threshold, and prior-quarter position-level comparisons are unavailable on this filing in the current edition. Readers looking to cross-reference should compare today's top-10 against S.E.E.D.'s December 31, 2025 holdings filed in the prior 13F-HR (SEC CIK 0001765515, EDGAR Filing History) to compute Q/Q position-level deltas.

Known activists — Icahn Enterprises, Pershing Square Capital, Elliott Investment Management, Starboard Value, Third Point, ValueAct, Trian Fund Management — are not represented in today's 30-filing cohort. Broad Peak Investment Advisers (Singapore) has historically pursued activist-adjacent concentrated positions in Asian-listed equities but is not a classic U.S. activist; Viewpoint Investment Partners (Canada) runs quant-factor mandates, not activist mandates. No filings today flag at 5%-plus of outstanding shares of any reporting company — meaning no 13D/13G cross-reference is presently implied by today's data.

One item worth flagging, even though it does not rise to activist status: S.E.E.D.'s Linde plc position at 26,961 shares ($13.37M, 3.88% of portfolio). Against Linde's approximately 473 million shares outstanding, S.E.E.D. holds roughly 0.0057% of LIN — negligible at the issuer level. The salient fact is portfolio-internal: a 3.88% allocation to an industrial-gas duopoly with take-or-pay contract economics is a conviction statement on the inflation-pass-through durability of LIN's business, and is worth tracking into the Q2 2026 filing cycle.

Contrarian Signals

S.E.E.D.'s filing contains three positions that warrant bull-bear framing:

CBRE Group (CBRE) at 3.88% of portfolio, $13.36M. CBRE is the world's largest commercial real-estate services and investment firm, with exposure to office, industrial, and capital-markets brokerage. The commercial real-estate services cycle has been under pressure since the 2022-2024 office-vacancy shock, and CBRE's capital-markets segment is sensitive to transaction-volume recovery.

• Bull case: the 10Y-2Y spread at 0.51 is mildly positive and the Fed Funds Rate at 3.64% (well below the 2023 peak of 5.25-5.50%) signal a lower-cost-of-capital regime that would re-accelerate CBRE's capital-markets and investment-management segments. Owning CBRE at 3.88% — ahead of Meta Platforms — is a statement that the commercial real-estate recovery thesis is intact.
• Bear case: office vacancy rates remain structurally elevated in major metros, AI-driven corporate office consolidation is accelerating, and data-center construction (a segment CBRE does not dominate) is absorbing more of the institutional real-estate capital stack than traditional office/retail. CBRE's premium to tangible book has historically compressed through transaction-volume troughs.

Sherwin-Williams (SHW) at 3.82% of portfolio, $13.16M. SHW is a paints-and-coatings compounder with strong pricing power in its professional-channel business. The stock has traded at premium multiples through most of the past five years.

• Bull case: SHW's professional-painter channel and Valspar integration continue to generate mid-single-digit organic revenue growth with margin expansion, justifying the premium multiple. A housing-turnover recovery would further boost the architectural-coatings volume line.
• Bear case: existing-home-sales activity has been depressed for multiple years, and SHW's paint-store comp trajectory is heavily dependent on housing-turnover recovery. At premium multiples, any deceleration re-rates the stock sharply.

NextEra Energy (NEE) at 4.01% of portfolio, $13.80M. NEE is a regulated utility (Florida Power & Light) paired with one of the largest renewable-energy developers in North America (NextEra Energy Resources).

• Bull case: AI-driven electricity demand is the most durable multi-year tailwind for regulated utilities, and NEE's renewables pipeline positions it to capture corporate power-purchase agreements from hyperscalers. Owning NEE at 4.01% — ahead of Linde and CBRE — is a play on the data-center electricity-demand thesis.
• Bear case: utility-sector multiples are sensitive to the long end of the yield curve, and a re-steepening from 0.51 to the 1.0-1.5 range would pressure regulated-utility valuations. Policy risk on the renewables side (ITC/PTC tax-credit monetization rules) remains an overhang.

We are not taking a side; the purpose of the contrarian lens is to frame these positions symmetrically. Smart-money divergence is not observable in today's data because the parsed cohort is N=1 — we cannot say whether other institutional filers are taking the opposite side of AMZN, CBRE, NEE, SHW, or TMO today. That read requires a wider sample in the next several editions.

What To Watch This Week

Looking ahead from April 23, 2026, we flag the following catalysts that could validate or invalidate the positioning disclosed in today's S.E.E.D. Planning Group filing (all dates tentative; confirm against the issuer's investor relations calendar):

• CRITICAL: Amazon.com (AMZN) — Q1 2026 earnings (expected late April 2026, week of April 27). S.E.E.D.'s top position ($16.44M). Items: AWS revenue re-acceleration, retail operating margin, advertising revenue trajectory, AI-infrastructure capex commentary.
• CRITICAL: Apple (AAPL) — Q2 FY2026 earnings (expected early May 2026). S.E.E.D.'s #2 position ($16.16M). Items: iPhone unit and pricing mix, Services revenue growth, China demand, Greater China revenue re-segmentation.
• CRITICAL: Alphabet (GOOGL) — Q1 2026 earnings (expected late April 2026). S.E.E.D.'s #3 position ($14.17M). Items: Search-ad revenue through TikTok/AI-chatbot competitive pressure, YouTube monetization, Google Cloud margin trajectory and AI-workload share.
• CRITICAL: Meta Platforms (META) — Q1 2026 earnings (expected late April 2026). S.E.E.D.'s #7 position ($13.35M). Items: ad-impression growth, Reality Labs loss trajectory, Llama-model commercial monetization.
• HIGH: NextEra Energy (NEE) — Q1 2026 earnings (expected late April 2026). S.E.E.D.'s #4 position ($13.80M). Items: Florida Power & Light regulated-ROE guidance, NextEra Energy Resources renewables-backlog additions, PTC/ITC monetization updates.
• HIGH: Linde plc (LIN) — Q1 2026 earnings (expected early May 2026). S.E.E.D.'s #5 position ($13.37M). Items: industrial-gas pricing pass-through, clean-hydrogen project commentary, large-project backlog growth.
• HIGH: Sherwin-Williams (SHW) — Q1 2026 earnings (expected late April 2026). S.E.E.D.'s #8 position ($13.16M). Items: paint-store comparable sales, professional-channel volume, architectural-coatings pricing cadence.
• HIGH: Thermo Fisher Scientific (TMO) — Q1 2026 earnings (expected late April 2026). S.E.E.D.'s #9 position ($12.70M). Items: bioproduction recovery, analytical-instruments demand, China academic-end-market stabilization.
• HIGH: CBRE Group (CBRE) — Q1 2026 earnings (expected early May 2026). S.E.E.D.'s #6 position ($13.36M). Items: capital-markets transaction-volume trajectory, office-leasing pipeline, investment-management AUM flows.
• MEDIUM: Federal Reserve FOMC statement (next scheduled meeting per calendar). With Fed Funds at 3.64% and the 10Y-2Y spread positive at 0.51, any hawkish re-pricing would disproportionately hit high-multiple quality compounders (SHW, TMO, LIN) in the S.E.E.D. book; dovish signaling would benefit the CBRE capital-markets recovery thesis.

If earnings in the mega-cap tech cluster (AMZN, AAPL, GOOGL, META) disappoint, S.E.E.D.'s top-four weights (17.46% combined) are the most immediately exposed. If the commercial-real-estate cycle continues to stall, CBRE is the singular cyclical exposure in the book. If utility-sector multiples compress on curve steepening, NEE is the rate-sensitive top-10 anchor.

Bottom Line

The institutional money is constructing quality-diversified rather than quality-concentrated books at the small-RIA scale — S.E.E.D. Planning Group's Q1 2026 13F-HR, the only data-rich filing in today's 30-filing cohort, shows a $344.3M book balanced across mega-cap technology (AMZN, AAPL, GOOGL, META together at 17.46%), defensive compounders (NEE, LIN, SHW, TMO, Agilent at 19.06%), and one cyclical tell in CBRE at 3.88%. The construction differs sharply from the April 22 Fort Washington pattern (single-name top weight 4.45%, top-10 ratio 29.7% across 450 positions) despite both books being quality-growth mandates. The biggest surprise is the CBRE weighting, which sits at a slightly higher percent of portfolio than Meta Platforms and is the edition's most tradable contrarian signal: a small-RIA commercial-real-estate services bet in a year where commercial real-estate remains out of favor. The single filing most worth reading in full today: S.E.E.D. Planning Group LLC's Q1 2026 13F-HR (SEC EDGAR) — especially for advisors benchmarking diversified-quality RIA allocations against a named real-world book.