Abacus Planning Group, Inc.

Name: Abacus Planning Group, Inc. 13F holdings, Q4 2025
Creator: Abacus Planning Group, Inc.
Published: 2026-01-16

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Abacus Planning Group, Inc. reported 262 stock positions worth $750.9 million. Its top holding was Distillate US Fundamental St (DSTL) at 11.1% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 9.9%) and iShares 0-5 Year Tips Bond E (STIP, 7.4%). Compared with Q3 2025, it opened 16 new positions, sold out of 11, added to 126 and reduced 75. The biggest buy was iShares 0-5 Year Tips Bond E (STIP, shares +16%) and the biggest sale Mortgage-Backed Securities (JMTG, shares −18%).

Most Recent 13F: Q2 2026
Location: COLUMBIA, SC
CIK: 0001602730
Portfolio Value: $750.9M (Q4 2025)
SEC Filing: 0001602730-26-000002 ↗ filed Jan 16, 2026

Holdings Value

Holdings 262 stocks · $750.9M


DSTL Distillate US Fundamental St	11.13%	1,419,594	$83.6M	Add +2.6%
VTI VG Morningstar TS MKT ETF-US	9.93%	222,500	$74.6M	Add +0.3%
STIP iShares 0-5 Year Tips Bond E	7.44%	545,598	$55.9M	Add +16.3%
VBR Vngrd Mrngst SL-CP Val ETF-U	6.08%	215,550	$45.7M	Add +1.3%
VXUS Vanguard Total Intl Stock	4.60%	457,943	$34.5M	Add +0.5%
VEA Vanguard Ftse Developed ETF	4.50%	540,549	$33.8M	Reduce -2.6%
JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F	3.72%	547,480	$28.0M	Reduce -17.8%
AMZN Amazon.com Inc.	2.88%	93,596	$21.6M	Add +0.7%
VOO Vanguard S&P 500 ETF	2.62%	31,360	$19.7M	Add +1.1%
UNP Union Pacific Corp.	2.62%	85,011	$19.7M	Add +0.1%
AAPL Apple Inc.	2.07%	57,143	$15.5M	Reduce -1.9%
DFAW Dimensional World Eqty ETF	2.03%	205,711	$15.2M	Add +1.4%
DFIS Dimensional International SM	1.55%	353,710	$11.7M	Add +5.9%
VTV Vanguard Mrngstr Val ETF-Aui	1.47%	57,848	$11.0M	Reduce -0.0%
MSFT Microsoft Corp.	1.37%	21,304	$10.3M	Reduce -0.2%
PSLV Sprott Physical Silver Trust	1.37%	435,540	$10.3M	No change
IVV iShares Core S&P 500 ETF	1.30%	14,236	$9.8M	Add +1.9%
GOOG Alphabet Inc. Class C	1.20%	28,763	$9.0M	Reduce -4.3%
VWO Vanguard Ftse Emerging Marke	1.13%	157,677	$8.5M	Add +4.7%
SCHO Schwab Short-Term US Treas	1.01%	312,125	$7.6M	Reduce -0.1%
NVDA Nvidia Corp.	0.95%	38,446	$7.2M	Reduce -1.7%
JPM JPMorgan Chase & Co.	0.91%	21,094	$6.8M	Reduce -1.1%
IJS iShares S&P Small-Cap 600 Va	0.80%	52,961	$6.0M	Add +0.0%
VB Vanguard Most SM-Cap ETF-Usd	0.78%	22,722	$5.9M	Reduce -0.4%
PHYS Sprott Physical Gold Trust	0.75%	170,885	$5.6M	No change
SPY SS SPDR S&P 500 ETF Trust-US	0.65%	7,105	$4.8M	Reduce -0.4%
WK Workiva Inc.	0.61%	52,954	$4.6M	No change
DEA Easterly Government Properti	0.55%	195,385	$4.1M	Reduce 0.0%
AVDE Avantis International Equity	0.49%	45,148	$3.7M	Reduce -3.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.46%	62,557	$3.4M	Add +3.4%
EW Edwards Lifesciences Corp.	0.45%	40,047	$3.4M	Reduce -0.3%
MTB M & T Bank Corp. filed as M & T BK CORP	0.43%	16,123	$3.2M	Add +0.1%
EEM iShares MSCI Emerging Market	0.42%	58,111	$3.2M	Reduce -0.1%
WMT Walmart Inc.	0.42%	28,325	$3.2M	Add +37.9%
GOOGL Alphabet Inc. Class A	0.41%	9,724	$3.0M	Reduce -10.0%
SCZ iShares MSCI Eafe Small-Cap	0.39%	37,685	$2.9M	Add +0.5%
VEU Vanguard Ftse All-World Ex-U	0.37%	37,937	$2.8M	Add +18.4%
LLY Eli Lilly & Co.	0.37%	2,595	$2.8M	Add +4.7%
SCHC Schwab Intl Small-Cap Equity	0.34%	56,095	$2.6M	Add +1.5%
META Meta Platforms Inc. Class A	0.33%	3,772	$2.5M	Reduce -1.9%
INFL Horizon Kinetics Infl Benef	0.33%	54,958	$2.4M	Add +8.0%
BRK.B Berkshire Hathaway Inc. Class B	0.32%	4,853	$2.4M	Reduce -10.6%
JNJ Johnson & Johnson	0.31%	11,146	$2.3M	Add +6.6%
SCHB Schwab US Broad Market ETF	0.30%	85,295	$2.2M	Reduce -1.3%
KO The Coca-Cola Co.	0.30%	31,851	$2.2M	Reduce -0.2%
ORCL Oracle Corp.	0.29%	11,068	$2.2M	Add +8.3%
PEP Pepsico Inc.	0.29%	14,940	$2.1M	Add +124.5%
SHV iShares 0-1 Year Treasury Bo	0.28%	19,120	$2.1M	Add +0.0%
AVUV Avantis US Small Cap Value	0.27%	20,134	$2.1M	Add +5.4%
INTU Intuit Inc.	0.26%	2,978	$2.0M	Add +2.9%
ARMK Aramark	0.25%	51,528	$1.9M	No change
COST Costco Wholesale Corp.	0.25%	2,176	$1.9M	Reduce -2.5%
EFA iShares MSCI Eafe ETF	0.25%	19,447	$1.9M	Reduce -1.7%
CAT Caterpillar Inc.	0.25%	3,247	$1.9M	Add +1.0%
VT Vanguard Tot World STK ETF	0.24%	12,714	$1.8M	Add +0.3%
SCHX Schwab US Large-Cap ETF	0.24%	66,166	$1.8M	Reduce -0.2%
IWM iShares Russell 2000 ETF	0.23%	6,988	$1.7M	Reduce -3.1%
DFEM Dimensional Emrg MRKT Core	0.23%	51,311	$1.7M	Add +24.2%
FNV Franco-Nevada Corp.	0.22%	7,938	$1.6M	No change
GBTC Grayscale Bitcoin Trust ETF	0.22%	23,738	$1.6M	No change
XOM Exxon Mobil Corp.	0.22%	13,452	$1.6M	Reduce -20.7%
SFST Southern First Bancshares	0.21%	30,458	$1.6M	Reduce -2.1%
UNM Unum Group	0.21%	19,993	$1.5M	No change
SCHF Schwab Intl Equity ETF	0.20%	62,896	$1.5M	Reduce -0.9%
IWV iShares Russell 3000 ETF	0.20%	3,882	$1.5M	No change
MRK Merck & Co. Inc.	0.20%	14,117	$1.5M	Add +6.5%
RWO State Street SPDR Dow Jones	0.19%	31,816	$1.4M	Reduce -1.3%
LEN Lennar Corp. Class A	0.18%	13,384	$1.4M	Add +1.8%
DHR Danaher Corp.	0.18%	5,846	$1.3M	Add +2.1%
DE Deere & Co.	0.18%	2,826	$1.3M	Reduce -0.2%
AMGN Amgen Inc.	0.17%	3,896	$1.3M	Add +2.2%
AVGO Broadcom Inc.	0.17%	3,682	$1.3M	Reduce -0.3%
HD Home Depot Inc.	0.17%	3,697	$1.3M	Add +4.0%
IEMG iShares Core MSCI Emerging	0.17%	18,779	$1.3M	Reduce -2.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.16%	3,712	$1.2M	Reduce -2.1%
SUSA iShares ESG Optimized MSCI U	0.15%	8,240	$1.1M	Add +0.0%
DUK Duke Energy Corp.	0.15%	9,384	$1.1M	Reduce -1.7%
MCD McDonald's Corp.	0.15%	3,594	$1.1M	Reduce -0.1%
ROP Roper Technologies Inc.	0.14%	2,445	$1.1M	Add +0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.14%	3,590	$1.1M	Add +3.6%
FCCO First Community Corp.	0.14%	35,762	$1.1M	Reduce -2.9%
JLL Jones Lang Lasalle Inc.	0.14%	3,075	$1.0M	Add +0.1%
AVDV Avantis Intl S/C Value ETF	0.13%	10,739	$1.0M	Add +2.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.13%	8,425	$958K	Add +13.9%
MET Metlife Inc.	0.13%	12,100	$955K	Add +0.6%
MU Micron Technology Inc.	0.12%	3,278	$936K	Add +25.6%
TSLA Tesla Inc.	0.12%	2,050	$922K	Add +12.3%
NEE Nextera Energy Inc.	0.12%	11,449	$919K	Reduce -20.1%
BPOP Popular Inc.	0.12%	7,311	$910K	No change
CHD Church & Dwight Co. Inc.	0.12%	10,710	$898K	Add +3.8%
CAH Cardinal Health Inc.	0.12%	4,348	$894K	Add +0.4%
SW Smurfit Westrock PLC	0.12%	23,066	$892K	Reduce -0.1%
CSCO Cisco Systems Inc.	0.11%	11,081	$854K	Reduce -3.8%
PG The Procter & Gamble Co.	0.11%	5,953	$853K	Reduce -5.6%
GM General Motors Co.	0.11%	10,332	$840K	Add +7.0%
LOW Lowe's Cos Inc.	0.11%	3,294	$794K	Add +5.4%
YUM Yum! Brands Inc.	0.10%	5,113	$774K	Add +170.0%
GE General Electric filed as GE AEROSPACE	0.10%	2,450	$755K	Add +2.3%
WCC Wesco International Inc.	0.10%	3,082	$754K	Reduce -0.4%
UHS Universal Health Services-B	0.10%	3,448	$752K	Reduce -16.8%
HPE Hewlett Packard Enterprise	0.10%	31,005	$745K	Add +2.9%
ESGV Vanguard ESG US Stock ETF	0.10%	6,109	$739K	Add +0.0%
UNH Unitedhealth Group Inc.	0.10%	2,199	$726K	Add +11.0%
WFC Wells Fargo & Co.	0.10%	7,785	$726K	Add +24.5%
V Visa Inc. Class A	0.09%	1,999	$701K	Add +1.1%
PFE Pfizer Inc.	0.09%	27,214	$678K	Add +21.6%
R Ryder System Inc.	0.09%	3,522	$674K	Add +0.0%
PWR Quanta Services Inc.	0.09%	1,548	$653K	Add +2.9%
CB Chubb Ltd.	0.09%	2,058	$642K	Add +1.5%
CVX Chevron Corp.	0.08%	4,101	$625K	Add +13.8%
DISV Dimensional International SM	0.08%	16,348	$621K	Add +0.4%
DFAE Dimensional Emerging Core Eq	0.08%	18,921	$616K	Add +20.8%
T AT&T Inc.	0.08%	24,664	$613K	Reduce -7.6%
MCO Moody's Corp.	0.08%	1,162	$594K	Add +4.5%
EE Excelerate Energy Inc. Class A	0.08%	21,000	$589K	No change
AVEM Avantis Emerging Markets Eq	0.08%	7,442	$573K	Add +3.5%
SCHE Schwab Emrg Mrkts Eqty ETF	0.08%	17,480	$572K	Reduce -11.4%
FISV Fiserv Inc.	0.08%	8,474	$569K	Add +1.4%
ABBV Abbvie Inc.	0.08%	2,485	$568K	Add +8.2%
CI The Cigna Group	0.08%	2,057	$566K	Add +11.4%
HON Honeywell International Inc.	0.07%	2,885	$563K	Reduce -4.4%
INTC Intel Corp.	0.07%	15,204	$561K	Add +27.1%
AMD Advanced Micro Devices	0.07%	2,602	$557K	Add +24.5%
NSC Norfolk Southern Corp.	0.07%	1,917	$554K	Add +2.1%
ALL Allstate Corp.	0.07%	2,626	$547K	Add +8.5%
NFLX Netflix Inc.	0.07%	5,778	$542K	Reduce -3.4%
GD General Dynamics Corp.	0.07%	1,608	$541K	Add +6.9%
IGSB iShares 1-5Y Inv Grade Corp.	0.07%	10,078	$533K	Add +88.0%
OUNZ Vaneck Merk Gold ETF	0.07%	12,818	$532K	Add +76.2%
BND Vanguard Total Bond Market	0.07%	7,160	$530K	No change
QQQ Invesco QQQ Trust Series 1	0.07%	839	$515K	Add +1.1%
CRM Salesforce Inc.	0.07%	1,940	$514K	Add +36.6%
HCA HCA Healthcare Inc.	0.07%	1,092	$510K	Reduce -0.1%
VTRS Viatris Inc.	0.07%	40,000	$498K	Add +6.0%
AEP American Electric Power	0.07%	4,298	$496K	Add +0.9%
ETN Eaton Corp. PLC	0.07%	1,547	$493K	Add +10.0%
DFGR Dim Global Real Estate ETF	0.06%	18,190	$481K	Add +18.4%
MPC Marathon Petroleum Corp.	0.06%	2,948	$479K	Add +5.9%
EZBC Franklin Bitcoin ETF	0.06%	9,469	$479K	New
IWB iShares Russell 1000 ETF	0.06%	1,269	$474K	Reduce -9.5%
RTX RTX Corp.	0.06%	2,565	$470K	Reduce -4.8%
SCHA Schwab US Small-Cap ETF	0.06%	16,382	$467K	Add +0.0%
CDW CDW Corp.	0.06%	3,406	$464K	Reduce -2.5%
JBL Jabil Inc.	0.06%	2,022	$461K	Reduce -0.3%
UAL United Airlines Holdings Inc.	0.06%	4,086	$457K	Add +1.0%
AMAT Applied Materials Inc.	0.06%	1,760	$452K	Add +26.7%
ASML ASML Holding NV-NY Reg SHS	0.06%	422	$451K	No change
VIG Vanguard Dividend Apprec ETF	0.06%	2,042	$449K	Add +0.4%
AXP American Express Co.	0.06%	1,207	$447K	Add +2.2%
CVS CVS Health Corp.	0.06%	5,590	$444K	Add +9.9%
APP AppLovin Corp. Class A	0.06%	654	$441K	Add +52.8%
IWF iShares Russell 1000 Growth	0.06%	925	$438K	No change
PGR Progressive Corp.	0.06%	1,909	$435K	No change
CME Cme Group Inc.	0.06%	1,576	$430K	Reduce -1.2%
GEV GE Vernova Inc.	0.06%	654	$427K	Reduce -4.0%
D Dominion Energy Inc.	0.06%	7,256	$425K	Add +10.2%
COO The Cooper Cos Inc.	0.06%	5,141	$421K	Add +4.6%
SCHV Schwab US Large-Cap Value	0.06%	14,157	$419K	Reduce -15.9%
APO Apollo Global Management Inc.	0.06%	2,892	$419K	Add +1.8%
UBER Uber Technologies Inc.	0.06%	5,115	$418K	Add +20.1%
PM Philip Morris International	0.05%	2,550	$409K	Add +4.9%
TFC Truist Financial Corp.	0.05%	7,902	$389K	Add +1.6%
AN Autonation Inc.	0.05%	1,875	$387K	No change
QCOM Qualcomm Inc.	0.05%	2,257	$386K	Add +10.4%
VUG Vanguard Mrngstar GR ETF-Sui	0.05%	774	$378K	Reduce -9.9%
GS Goldman Sachs Group Inc.	0.05%	423	$372K	Add +11.9%
TSM Taiwan Semiconductor-SP ADR	0.05%	1,204	$366K	Add +11.2%
SCHW Schwab (charles) Corp.	0.05%	3,627	$362K	Reduce -0.6%
L Loews Corp.	0.05%	3,425	$361K	Reduce -3.3%
F Ford Motor Co. filed as FORD MTR CO	0.05%	27,311	$358K	Add +4.7%
TPR Tapestry Inc.	0.05%	2,788	$356K	Add +4.8%
VZ Verizon Communications Inc.	0.05%	8,734	$356K	Reduce -34.5%
WSM Williams-Sonoma Inc.	0.05%	1,977	$353K	Add +3.1%
MMM 3M Co.	0.05%	2,164	$346K	Reduce -0.1%
MSI Motorola Solutions Inc.	0.05%	896	$343K	Reduce -1.3%
RNR Renaissancere Holdings Ltd.	0.05%	1,221	$343K	New
BLK BlackRock Inc.	0.05%	320	$343K	Add +1.3%
MA Mastercard Inc. Class A	0.04%	590	$337K	Add +3.3%
ADP Automatic Data Processing	0.04%	1,307	$336K	Reduce -2.8%
IWP iShares Russell Mid-Cap Grow	0.04%	2,439	$334K	Reduce -16.5%
CIVI Civitas Resources Inc.	0.04%	12,316	$334K	New
NKE Nike Inc. Class B	0.04%	5,199	$331K	Add +30.9%
ABT Abbott Laboratories	0.04%	2,640	$331K	Add +10.0%
IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L	0.04%	13,091	$328K	No change
EMXF iShares ESG Adv MSCI Em ETF	0.04%	7,058	$328K	No change
ADI Analog Devices Inc.	0.04%	1,207	$327K	Add +27.3%
TXN Texas Instruments Inc.	0.04%	1,871	$325K	Add +2.4%
SON Sonoco Products Co.	0.04%	7,394	$323K	Add +10.8%
BIIB Biogen Inc.	0.04%	1,832	$322K	Add +11.6%
KNSL Kinsale Capital Group Inc.	0.04%	803	$314K	No change
BMY Bristol-Myers Squibb Co.	0.04%	5,732	$309K	Add +1.7%
JCI Johnson Controls Internation	0.04%	2,581	$309K	Reduce -3.1%
TT Trane Technologies PLC	0.04%	789	$307K	Add +4.0%
IYR iShares US Real Estate ETF	0.04%	3,259	$306K	No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.04%	4,307	$302K	Add +0.5%
AON Aon PLC Class A	0.04%	846	$299K	Reduce -5.2%
CMCSA Comcast Corp. Class A	0.04%	9,970	$298K	Add +36.3%
ESGD iShares Trust iShares ESG Aw	0.04%	3,108	$296K	Add +1.5%
SHEL Shell PLC-ADR	0.04%	4,000	$294K	Add +40.9%
NET Cloudflare Inc. Class A	0.04%	1,485	$293K	Reduce -10.4%
BWXT BWX Technologies Inc.	0.04%	1,674	$289K	No change
TMO Thermo Fisher Scientific Inc.	0.04%	497	$288K	New
BAX Baxter International Inc.	0.04%	15,003	$287K	Add +2.7%
MO Altria Group Inc.	0.04%	4,963	$286K	Add +8.7%
UI Ubiquiti Inc.	0.04%	515	$285K	No change
EQT Eqt Corp.	0.04%	5,244	$281K	Reduce -2.5%
DFSV Dimensional US Small Cap Val	0.04%	8,483	$279K	No change
CBRE CBRE Group Inc. Class A	0.04%	1,702	$274K	Add +5.5%
AU Anglogold Ashanti PLC	0.04%	3,150	$269K	No change
VNQ Vanguard Real Estate ETF	0.04%	3,022	$267K	Reduce -42.9%
FDX FedEx Corp.	0.04%	910	$263K	New
TRV The Travelers Cos Inc.	0.03%	903	$262K	Reduce -1.4%
VYMI Vanguard Int High DVD YLD Inc.	0.03%	2,882	$259K	No change
BX Blackstone Inc.	0.03%	1,675	$258K	Add +28.1%
BRT BRT Apartments Corp.	0.03%	17,500	$257K	No change
PSX Phillips 66	0.03%	1,989	$257K	Add +3.9%
HSY The Hershey Co.	0.03%	1,407	$256K	Add +4.0%
ARW Arrow Electronics Inc.	0.03%	2,297	$253K	Reduce -0.4%
YUMC Yum China Holdings Inc.	0.03%	5,298	$253K	New
PLTR Palantir Technologies Inc. Class A	0.03%	1,407	$250K	Reduce -3.4%
VONE Vanguard Russell 1000	0.03%	807	$249K	No change
AVRE Avantis Real Estate ETF	0.03%	5,727	$249K	Add +1.2%
DOV Dover Corp.	0.03%	1,275	$249K	Add +3.3%
HPQ HP Inc.	0.03%	11,166	$249K	Add +6.7%
MCK McKesson Corp.	0.03%	301	$247K	Reduce -1.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.03%	830	$241K	No change
DHC Diversified Healthcare Trust	0.03%	49,283	$239K	No change
ELV Elevance Health Inc.	0.03%	671	$235K	Add +6.8%
BTC Grayscale Bitcoin Mini ETF	0.03%	6,067	$235K	No change
FLR Fluor Corp.	0.03%	5,899	$234K	Reduce -11.4%
NGVT Ingevity Corp.	0.03%	3,863	$229K	No change
CSX CSX Corp.	0.03%	6,295	$228K	New
DC Dakota Gold Corp.	0.03%	40,160	$228K	No change
HL Hecla Mining Co.	0.03%	11,655	$224K	No change
CDNS Cadence Design SYS Inc.	0.03%	715	$223K	Add +10.3%
SO The Southern Co.	0.03%	2,543	$222K	Add +6.9%
ORA Ormat Technologies Inc.	0.03%	2,000	$221K	New
PNC PNC Financial Services Group	0.03%	1,051	$219K	New
AMP Ameriprise Financial Inc.	0.03%	441	$216K	Reduce -4.5%
SSB Southstate Bank Corp.	0.03%	2,286	$215K	No change
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO	0.03%	3,246	$213K	New
GPN Global Payments Inc.	0.03%	2,745	$212K	New
FTV Fortive Corp.	0.03%	3,843	$212K	New
MRCY Mercury Systems Inc.	0.03%	2,904	$212K	No change
APA Apa Corp.	0.03%	8,550	$209K	New
MAR Marriott International Class A	0.03%	672	$208K	New
FLEX Flex Ltd.	0.03%	3,434	$207K	Reduce -3.5%
BLDR Builders Firstsource Inc.	0.03%	2,014	$207K	Reduce -2.7%
NULV Nuveen ESG Large-Cap Val ETF	0.03%	4,589	$207K	No change
BTI British American Tob-SP ADR	0.03%	3,611	$204K	New
WELL Welltower Inc.	0.03%	1,097	$204K	Reduce -5.8%
HDV iShares Core High Dividend E	0.03%	1,661	$202K	No change
VSTS Vestis Corp.	0.02%	28,058	$187K	No change
PACB Pacific Biosciences of Calif	0.02%	100,000	$187K	No change
SGMT Sagimet Biosciences Inc. Class A	0.02%	29,968	$177K	No change
XAWFX Alliancebernstein GL Hi Inc.	0.02%	13,000	$139K	No change
ASRV Ameriserv Financial Inc.	0.02%	42,513	$136K	No change
SBET Sharplink Inc.	0.01%	10,474	$94K	New
NOK Nokia Corp.-Spon ADR	0.01%	13,700	$89K	No change
PRME Prime Medicine Inc.	0.01%	25,188	$87K	No change
FBIO Fortress Biotech Inc.	0.01%	14,534	$53K	No change
SABR Sabre Corp.	0.00%	16,359	$22K	No change

Other holdings (4): bonds, preferreds, convertibles and warrants · $339K (not counted above)

Security	Class	Shares / Principal	Value	Change
HERBALIFE LTD (HLF 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	100,000	$109K	No change
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	100,000	$104K	No change
PELOTON INTERACTIVE INC (PTON 0 02/15/26)	NOTE 2/1 · principal	100,000	$98K	No change
XEROX HOLDINGS CORP (XRX 3.75 03/15/30)	NOTE 3.750% 3/1 · principal	100,000	$28K	New

Total filed on the 13F, all lines: $751.3M.

Portfolio Sells Q3 2025 → Q4 2025


JMTG Mortgage-Backed Securities	Reduce -17.8%	3.72%	−0.96
BOC Boston Omaha Corp. Class A	Sold out	0.00%	−0.37
MSFT Microsoft Corp.	Reduce -0.2%	1.37%	−0.15
VEA Vanguard Ftse Developed ETF	Reduce -2.6%	4.50%	−0.09
DEA Easterly Government Properti	Reduce 0.0%	0.55%	−0.07
META Meta Platforms Inc. Class A	Reduce -1.9%	0.33%	−0.06
NVDA Nvidia Corp.	Reduce -1.7%	0.95%	−0.05
BRK.B Berkshire Hathaway Inc. Class B	Reduce -10.6%	0.32%	−0.05
XOM Exxon Mobil Corp.	Reduce -20.7%	0.22%	−0.05
SCHO Schwab Short-Term US Treas	Reduce -0.1%	1.01%	−0.04
COST Costco Wholesale Corp.	Reduce -2.5%	0.25%	−0.04
VZ Verizon Communications Inc.	Reduce -34.5%	0.05%	−0.03
AXS Axis Capital Holdings Ltd.	Sold out	0.00%	−0.03
LNWO Light & Wonder Inc.	Sold out	0.00%	−0.03
SSB Southstate Bank Corp.	Sold out	0.00%	−0.03
VNQ Vanguard Real Estate ETF	Reduce -42.9%	0.04%	−0.03
SLV iShares Silver Trust	Sold out	0.00%	−0.03
BKNG Booking Holdings Inc.	Sold out	0.00%	−0.03
NRG NRG Energy Inc.	Sold out	0.00%	−0.03
XLK SS Technology Select Sector	Sold out	0.00%	−0.03
NEE Nextera Energy Inc.	Reduce -20.1%	0.12%	−0.03
NFLX Netflix Inc.	Reduce -3.4%	0.07%	−0.03
JPM JPMorgan Chase & Co.	Reduce -1.1%	0.91%	−0.02
RIVN Rivian Automotive Inc. Class A	Sold out	0.00%	−0.02
T AT&T Inc.	Reduce -7.6%	0.08%	−0.02
VB Vanguard Most SM-Cap ETF-Usd	Reduce -0.4%	0.78%	−0.02
PG The Procter & Gamble Co.	Reduce -5.6%	0.11%	−0.02
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -0.0%	1.47%	−0.02
UHS Universal Health Services-B	Reduce -16.8%	0.10%	−0.02
SW Smurfit Westrock PLC	Reduce -0.1%	0.12%	−0.02
DUK Duke Energy Corp.	Reduce -1.7%	0.15%	−0.02
AVDE Avantis International Equity	Reduce -3.6%	0.49%	−0.02
CDW CDW Corp.	Reduce -2.5%	0.06%	−0.01
SCHE Schwab Emrg Mrkts Eqty ETF	Reduce -11.4%	0.08%	−0.01
IWP iShares Russell Mid-Cap Grow	Reduce -16.5%	0.04%	−0.01
RWO State Street SPDR Dow Jones	Reduce -1.3%	0.19%	−0.01
HON Honeywell International Inc.	Reduce -4.4%	0.07%	−0.01
IWM iShares Russell 2000 ETF	Reduce -3.1%	0.23%	−0.01
SCHV Schwab US Large-Cap Value	Reduce -15.9%	0.06%	−0.01
MSI Motorola Solutions Inc.	Reduce -1.3%	0.05%	−0.01
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -0.4%	0.65%	−0.01
NET Cloudflare Inc. Class A	Reduce -10.4%	0.04%	−0.01
ADP Automatic Data Processing	Reduce -2.8%	0.04%	−0.01
SCHB Schwab US Broad Market ETF	Reduce -1.3%	0.30%	−0.01
IWB iShares Russell 1000 ETF	Reduce -9.5%	0.06%	−0.01
FLR Fluor Corp.	Reduce -11.4%	0.03%	−0.01
BLDR Builders Firstsource Inc.	Reduce -2.7%	0.03%	−0.01
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -9.9%	0.05%	−0.01
EFA iShares MSCI Eafe ETF	Reduce -1.7%	0.25%	−0.01
IEMG iShares Core MSCI Emerging	Reduce -2.0%	0.17%	−0.01

Portfolio Buys Q3 2025 → Q4 2025


STIP iShares 0-5 Year Tips Bond E	Add +16.3%	7.44%	+0.74
PEP Pepsico Inc.	Add +124.5%	0.29%	+0.16
WMT Walmart Inc.	Add +37.9%	0.42%	+0.13
LLY Eli Lilly & Co.	Add +4.7%	0.37%	+0.11
DFIS Dimensional International SM	Add +5.9%	1.55%	+0.09
DSTL Distillate US Fundamental St	Add +2.6%	11.13%	+0.07
MU Micron Technology Inc.	Add +25.6%	0.12%	+0.06
EZBC Franklin Bitcoin ETF	New	0.06%	+0.06
YUM Yum! Brands Inc.	Add +170.0%	0.10%	+0.06
AMZN Amazon.com Inc.	Add +0.7%	2.88%	+0.06
VEU Vanguard Ftse All-World Ex-U	Add +18.4%	0.37%	+0.06
RNR Renaissancere Holdings Ltd.	New	0.05%	+0.05
CIVI Civitas Resources Inc.	New	0.04%	+0.04
MRK Merck & Co. Inc.	Add +6.5%	0.20%	+0.04
DFEM Dimensional Emrg MRKT Core	Add +24.2%	0.23%	+0.04
JNJ Johnson & Johnson	Add +6.6%	0.31%	+0.04
TMO Thermo Fisher Scientific Inc.	New	0.04%	+0.04
CAT Caterpillar Inc.	Add +1.0%	0.25%	+0.04
FDX FedEx Corp.	New	0.04%	+0.04
YUMC Yum China Holdings Inc.	New	0.03%	+0.03
OUNZ Vaneck Merk Gold ETF	Add +76.2%	0.07%	+0.03
IGSB iShares 1-5Y Inv Grade Corp.	Add +88.0%	0.07%	+0.03
GM General Motors Co.	Add +7.0%	0.11%	+0.03
CSX CSX Corp.	New	0.03%	+0.03
ORA Ormat Technologies Inc.	New	0.03%	+0.03
PNC PNC Financial Services Group	New	0.03%	+0.03
FTV Fortive Corp.	New	0.03%	+0.03
GPN Global Payments Inc.	New	0.03%	+0.03
AKRE Akre Focus ETF	New	0.03%	+0.03
APA Apa Corp.	New	0.03%	+0.03
MAR Marriott International Class A	New	0.03%	+0.03
AMD Advanced Micro Devices	Add +24.5%	0.07%	+0.03
BAC Bank of America Corp.	Add +3.4%	0.46%	+0.03
BTI British American Tob-SP ADR	New	0.03%	+0.03
CAH Cardinal Health Inc.	Add +0.4%	0.12%	+0.03
WFC Wells Fargo & Co.	Add +24.5%	0.10%	+0.02
CRM Salesforce Inc.	Add +36.6%	0.07%	+0.02
DHR Danaher Corp.	Add +2.1%	0.18%	+0.02
AMGN Amgen Inc.	Add +2.2%	0.17%	+0.02
AMAT Applied Materials Inc.	Add +26.7%	0.06%	+0.02
INTC Intel Corp.	Add +27.1%	0.07%	+0.02
APP AppLovin Corp. Class A	Add +52.8%	0.06%	+0.02
DFAW Dimensional World Eqty ETF	Add +1.4%	2.03%	+0.02
VTRS Viatris Inc.	Add +6.0%	0.07%	+0.01
DFAE Dimensional Emerging Core Eq	Add +20.8%	0.08%	+0.01
SBET Sharplink Inc.	New	0.01%	+0.01
PFE Pfizer Inc.	Add +21.6%	0.09%	+0.01
ADI Analog Devices Inc.	Add +27.3%	0.04%	+0.01
INFL Horizon Kinetics Infl Benef	Add +8.0%	0.33%	+0.01
BIIB Biogen Inc.	Add +11.6%	0.04%	+0.01

Notes & Other Activity Q3 2025 → Q4 2025


CERENCE INC (CRNC 1.5 07/01/28)	NOTE 1.500% 7/0 · principal	Sold out	100,000	$83Kbefore exit
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26)	CONVERTIBLE BOND · principal	Sold out	50,000	$48Kbefore exit
XEROX HOLDINGS CORP (XRX 3.75 03/15/30)	NOTE 3.750% 3/1 · principal	New	100,000	$28K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	257	$808.8M	DSTL, VTI, STIP, VBR, VEA
Q1 2026	263	$742.9M	DSTL, VTI, STIP, VBR, VXUS
Q4 2025	262	$750.9M	DSTL, VTI, STIP, VBR, VXUS
Q3 2025	257	$724.4M	DSTL, VTI, STIP, VBR, JMTG
Q2 2025Amended	243	$672.0M	DSTL, VTI, JMTG, VBR, STIP
Q1 2025	232	$570.6M	DSTL, VTI, VBR, STIP, VXUS
Q4 2024	220	$568.4M	DSTL, VTI, VBR, STIP, VXUS
Q3 2024	215	$559.3M	DSTL, VTI, VBR, VXUS, STIP
Q2 2024	214	$515.3M	DSTL, VTI, VBR, VXUS, AMZN
Q1 2024	204	$511.4M	DSTL, VTI, VBR, VXUS, AMZN