BECK CAPITAL MANAGEMENT, LLC

Beck Capital Management, LLC is an independent SEC-registered investment advisor based in Austin, Texas. The firm operates as a discretionary asset manager with a macro-informed, tactical orientation, offering portfolio management to high-net-worth individuals, families, and smaller institutions through separately managed accounts and proprietary model portfolios. The practice blends elements of traditional wealth management with an institutional-style investment process. Portfolios are typically constructed across multiple asset classes—U.S. and non-U.S. equities, exchange-traded funds (ETFs), and fixed income—within client-specific risk mandates. The firm’s U.S. equity sleeve, including individual stocks and equity ETFs, is the component that is visible in regulatory equity disclosures. BECK CAPITAL MANAGEMENT, LLC files Form 13F with the U.S. Securities and Exchange Commission under CIK #0001601904. These quarterly filings aggregate the firm’s reportable long positions in U.S.-listed equities and certain ETFs across all accounts where it has investment discretion. They do not capture fixed income, options, non‑U.S. securities, private investments, or cash, so they should be interpreted as a focused view of the long U.S. equity and ETF portion of Beck’s broader multi-asset mandates. Within a 13F analytics platform, this filing record can be organized into a continuous 13F History, providing a security-level audit trail of how the firm has implemented its U.S. equity views by issuer, sector, and concentration over time.

Beck Capital Management’s investment strategy is best characterized as macro-driven and tactically flexible, with active sector rotation layered onto bottom-up security selection. The firm seeks to allocate capital into segments of the market and individual companies that stand to benefit from prevailing and anticipated macroeconomic and market trends, while de-emphasizing areas where fundamentals or policy backdrops appear less favorable. In practice, the 13F-reported U.S. equity sleeve typically exhibits the following features: - Top-down macro and sector focus: The team forms views on economic growth, interest rates, inflation, and policy dynamics, then translates those views into sector and industry positioning. Cyclical areas such as technology, industrials, consumer discretionary, and financials may be emphasized during risk-on phases, while more defensive sectors (healthcare, staples, utilities) and income-oriented exposures feature more prominently when risk aversion is elevated. - Use of stocks and ETFs: Beck combines individual equities—as high-conviction expressions of specific themes or companies—with ETFs that offer efficient exposure to sectors, factors, or broad indices. This mix allows the firm to calibrate conviction and liquidity while controlling diversification. - Fundamental valuation and quality overlay: Within favored sectors, security selection tends to be fundamentally grounded, with attention paid to earnings power, cash flows, balance-sheet strength, and valuation. This results in a blend style that can hold both secular growth franchises and more traditional value or income names, depending on opportunity. Turnover in the U.S. equity sleeve is moderate to high relative to traditional strategic allocators, consistent with a willingness to adjust sector and thematic exposures as macro conditions evolve. Core positions can be held through full cycles, but Beck is prepared to rotate among sectors and vehicles as relative opportunities shift. Over multiple quarters, analysis of the firm’s 13F Portfolio Composition—including sector weights, the balance between single-name stocks and ETFs, and the persistence of top holdings—provides a concrete view of how its macro and valuation views have been translated into actual positioning. When this 13F history is run through a Portfolio Simulator or Backtesting Service, it can be converted into a holdings-based proxy for the U.S. equity sleeve’s Historical Track Record, under the standard assumption that quarter‑end holdings reasonably approximate exposures between filings.

BECK CAPITAL MANAGEMENT, LLC presents, through its Form 13F filings under CIK #0001601904, the profile of a macro-informed, tactically managed U.S. equity sleeve embedded within a broader multi-asset advisory practice. The observable pattern is one of active sector rotation, use of both individual equities and ETFs, and a blend of growth and value exposures, with turnover consistent with a manager that responds to evolving macro and market conditions rather than adhering strictly to static benchmarks. By converting the firm’s 13F History into a holdings-based replica, allocators can study how sector tilts, top‑holding concentrations, and the balance between cyclical and defensive exposures have shaped the reconstructed capital trajectory over time. Detailed examination of 13F Portfolio Composition, combined with an inferred Historical Track Record and risk metrics such as Max Drawdown Depth and Sharpe Ratio, provides a structured, data-driven view of how Beck’s tactical philosophy has translated into realized risk and compounding behavior within its U.S. equity sleeve. The main limitation of this lens is scope: 13F data omit fixed income, alternatives, cash management, and non‑U.S. exposures that are often central to client-level outcomes and to the firm’s broader macro positioning. Nonetheless, the disclosed positions offer a clear behavioral record of Beck Capital Management’s approach to deploying listed U.S. equity risk. For allocators evaluating this manager in a broader lineup, a central open question is how sensitive Beck’s reconstructed equity component is to shifts in macro and style regimes—such as rapid rate changes, rotations between growth and value leadership, or extended periods of low volatility—and whether that regime sensitivity would serve as a diversifier or an amplifier of risks in their existing portfolios.

The risk profile of Beck Capital Management’s reportable portfolio is shaped by its equity-market exposure, sector-rotation overlay, and willingness to concentrate capital in favored themes. The strategy is long-only within the 13F sleeve, but the degree and nature of equity risk taken varies over time with the firm’s macro views and sector preferences. Key risk dimensions include: - Cyclical and macro sensitivity: Emphasis on economically sensitive sectors during risk-on phases can amplify outcomes in both directions. When growth expectations and risk appetite are rising, a pro‑cyclical tilt can enhance capital compounding; in sharp risk-off episodes, the same exposures can deepen drawdowns relative to defensively positioned or static allocators. - Sector and theme rotation: Tactical shifts between growth/technology, cyclicals, and defensives introduce time-varying factor exposures. Successful regime navigation can smooth the capital path, but mis-timed rotations or abrupt macro inflections can add volatility. - Concentration in top ideas: The size of the largest positions—whether individual equities or sector/thematic ETFs—determines the extent of idiosyncratic and thematic risk. A more concentrated top tier of holdings increases sensitivity to stock-specific events and sector swings. Using reconstructed holdings derived from Beck’s 13F History, allocators can estimate realized volatility for the U.S. equity sleeve, examine worst peak‑to‑trough episodes via Max Drawdown Depth, and compute a Sharpe Ratio as a summary statistic of risk-adjusted outcomes. These analytics, derived through Performance Backtests Online or comparable tools, translate discrete filings into a dynamic view of how Beck’s tactical macro stance has affected the equity capital trajectory across bull markets, corrections, and periods of sideways churn. It is important to note that 13F-based analysis captures only the long U.S. equity and ETF exposures. Any use of fixed income, non‑U.S. assets, cash, or defensive reallocations outside the 13F universe will not appear in this dataset, even though they can significantly moderate or amplify risk at the total-portfolio level.