- 01 Pathway Wealth Management, a state-registered investment adviser in Dallas run by Roger J. Allen, filed its first Form 13F-HR (the quarterly holdings report investors managing more than $100 million must file) on May 20, showing a $106 million U.S. stock portfolio as of March 31 that is built around a single chip stock.
- 02 The portfolio is a debut. Pathway filed two quarters at once, and its $110 million December holdings slipped to $106 million by March, down about 3%, while the name count edged from 29 to 30.
- 03 Five stakes hold about 68% of the portfolio: Nvidia at $37 million, Broadcom at $15 million, Advanced Micro Devices at $7.9 million, Eli Lilly at $6.7 million, and Amazon at $5.2 million.
- 04 The thread is artificial-intelligence hardware. Nvidia, Broadcom, and Advanced Micro Devices together make up more than half the money, and chip names Marvell, Applied Materials, and Micron sit behind them, leaving the rest in a thin tail of megacap and consumer stocks.
- 05 The next 13F, due by August 14, will show whether Pathway keeps roughly a third of its money in Nvidia after the stock's run, or whether the near-frozen trading between its first two quarters gives way to real rotation.
How Pathway Wealth Management Moved Last Quarter
What to watch
1. Pathway’s next 13F is due by August 14, 2026. It will show whether Nvidia, which alone holds about 35% of the portfolio, keeps that weight or gets trimmed after a strong run in the chipmaker’s shares.
2. The two quarters Pathway filed together showed almost no trading, with most holdings flat and only Micron cut hard, down 16%. The next filing will show whether that buy-and-hold pattern holds or whether the three small new buys, Palantir, Corning, and Nucor, grow into real stakes.
3. The portfolio leans heavily on chips, with Nvidia, Broadcom, Advanced Micro Devices, Marvell, Applied Materials, and Micron all present. The next 13F will show whether Pathway deepens that semiconductor tilt or spreads the money into the AI-power and software names that dominate larger technology funds.
Verified as of June 7, 2026.
Primary Filings & Announcements
SEC EDGAR: Pathway Wealth Management 13F-HR Information Table (Q1 2026, filed May 20, 2026)
SEC EDGAR: 13F-HR Filing Index, Accession 0002085853-26-000608
SEC EDGAR: Pathway Wealth Management CIK 0002135623 Full 13F Filing History
Market Coverage
Yahoo Finance: Nvidia Quote and Performance
Yahoo Finance: Broadcom Quote and Performance
Yahoo Finance: Advanced Micro Devices Quote and Performance
Background & Analysis
SEC EDGAR: Pathway Wealth Management Full Filing History (all forms)
SEC EDGAR: Prior Quarter 13F-HR Information Table (Q4 2025, filed May 20, 2026)