Absolute Capital Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 2, 2024), Absolute Capital Management, LLC reported 104 stock positions worth $156.7 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 7.5% of the portfolio, followed by Vaneck Semiconductor ETF (SMH, 6.3%) and Invesco S&P 500 Revenue ETF (RWL, 6.3%). Compared with Q4 2023, it opened 32 new positions, sold out of 11, added to 32 and reduced 35. The biggest buy was a new position in Vaneck Semiconductor ETF (SMH) and the biggest sale an exit from Schwab Fndmntl US LRG Co. ETF (FNDX).
- Most Recent 13F
- Q2 2026
- Location
- Pittsburgh, PA
- CIK
- 0001817648
- Portfolio Value
- $156.7M (Q1 2024)
- SEC Filing
- 0001172661-24-001989 ↗ filed May 2, 2024
Holdings Value
Holdings 104 stocks · $156.7M
| QQQ Invesco QQQ Trust Series 1 | 7.53% | 26,579 | $11.8M | Add +127.2% |
| SMH Vaneck Semiconductor ETF | 6.33% | 44,114 | $9.9M | New |
| RWL Invesco S&P 500 Revenue ETF | 6.32% | 105,656 | $9.9M | Reduce -4.0% |
| SPHD Invesco S&P 500 High Dividen | 4.05% | 142,865 | $6.3M | Add +254.3% |
| VTI VG Morningstar TS MKT ETF-US | 3.55% | 21,421 | $5.6M | Reduce -27.7% |
| SOXX iShares Semiconductor ETF | 3.40% | 23,550 | $5.3M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.39% | 10,141 | $5.3M | Add +609.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 2.89% | 11,400 | $4.5M | New |
| VIS Vanguard Industrials ETF | 2.74% | 17,595 | $4.3M | Add +56.3% |
| IVV iShares Core S&P 500 ETF | 2.72% | 8,102 | $4.3M | Reduce -22.8% |
| VLU SS SPDR S&P 1500 Value Tilt | 2.19% | 19,600 | $3.4M | No change |
| VOX Vanguard Communication Servi | 2.17% | 25,902 | $3.4M | Add +2.4% |
| VGT Vanguard Info Tech ETF | 2.03% | 6,077 | $3.2M | Add +1.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.02% | 5 | $3.2M | New |
| VFMF Vanguard US Multifactor ETF | 1.92% | 23,656 | $3.0M | Reduce -0.8% |
| IWM iShares Russell 2000 ETF | 1.84% | 13,746 | $2.9M | Add +118.8% |
| FDLO Fidelity Low Volat Fact ETF | 1.70% | 47,494 | $2.7M | Add +44.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.61% | 48,976 | $2.5M | Reduce -0.8% |
| IJR iShares Core S&P Small-Cap E | 1.48% | 20,937 | $2.3M | New |
| IBHF iShares Ibond 2026 HY & Inc. | 1.44% | 98,050 | $2.3M | Add +2.6% |
| VCLT Vanguard Long-Term Corp. Bond | 1.41% | 28,182 | $2.2M | Reduce -0.4% |
| SPXN Proshares S&P 500 Ex-Financi | 1.40% | 19,400 | $2.2M | New |
| XLI SS Industrial Select Sector | 1.40% | 17,358 | $2.2M | Reduce -49.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.36% | 46,890 | $2.1M | Add +30.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.32% | 22,597 | $2.1M | Add +29.3% |
| XLV SS Health Care Select Sector | 1.20% | 12,781 | $1.9M | Reduce -0.7% |
| QUAL iShares MSCI USA Quality Fac | 1.20% | 11,423 | $1.9M | Reduce -24.4% |
| USMV iShares MSCI USA Min Vol Fac | 1.01% | 18,977 | $1.6M | Reduce -9.2% |
| VHT Vanguard Health Care ETF | 0.91% | 5,281 | $1.4M | Add +5.9% |
| UNH Unitedhealth Group Inc. | 0.89% | 2,812 | $1.4M | Add +0.1% |
| BSJQ Invesco Bulletshares 2026 HY | 0.85% | 57,704 | $1.3M | Add +23.4% |
| SPAB SS SPDR P Agg Bond ETF | 0.84% | 52,171 | $1.3M | Reduce -7.9% |
| MCD McDonald's Corp. | 0.84% | 4,646 | $1.3M | Add +1.0% |
| ANET Arista Networks Inc. | 0.81% | 4,355 | $1.3M | Add +211.1% |
| DFUV Dimensional US Marketwide Va | 0.79% | 30,336 | $1.2M | Reduce -9.4% |
| IYW iShares Ustechnology ETF | 0.76% | 8,826 | $1.2M | Reduce -34.4% |
| PCAR Paccar Inc. | 0.72% | 9,100 | $1.1M | Add +184.4% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.69% | 24,202 | $1.1M | New |
| ITA iShares U.S. Aerospace & Def | 0.68% | 8,027 | $1.1M | Reduce -1.8% |
| IHAK iShares Cybersecurity & Tech | 0.68% | 22,600 | $1.1M | No change |
| VEA Vanguard Ftse Developed ETF | 0.67% | 20,785 | $1.0M | Add +13.7% |
| IVW iShares S&P 500 Growth ETF | 0.66% | 12,321 | $1.0M | Add +67.1% |
| VGK Vanguard Ftse Europe ETF | 0.61% | 14,201 | $956K | Reduce -1.5% |
| CMG Chipotle Mexican Grill Inc. | 0.56% | 300 | $872K | New |
| XLK SS Technology Select Sector | 0.54% | 4,084 | $851K | Reduce -50.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.54% | 2,454 | $845K | Add +4.6% |
| IVE iShares S&P 500 Value ETF | 0.51% | 4,292 | $802K | New |
| IBHD iShares Ibonds 2024 H/Y Inc. | 0.46% | 31,100 | $725K | No change |
| VXUS Vanguard Total Intl Stock | 0.46% | 11,989 | $723K | Add +23.7% |
| XLF SS Financial Select Sector | 0.46% | 17,033 | $717K | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.45% | 4,350 | $708K | Add +13.0% |
| BNDX Vanguard Total Intl Bond ETF | 0.45% | 14,210 | $699K | Add +11.3% |
| FMAT Fidelity MSCI Materials Indx | 0.43% | 12,905 | $676K | Reduce -12.3% |
| BND Vanguard Total Bond Market | 0.43% | 9,203 | $668K | Add +13.5% |
| EFV iShares MSCI Eafe Value ETF | 0.41% | 11,752 | $639K | Reduce -34.5% |
| EFG iShares MSCI Eafe Growth ETF | 0.40% | 6,011 | $624K | Add +4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.39% | 1,452 | $611K | New |
| MBB iShares MBS ETF | 0.37% | 6,248 | $577K | Reduce -5.2% |
| MA Mastercard Inc. Class A | 0.36% | 1,164 | $561K | New |
| NFLX Netflix Inc. | 0.35% | 906 | $550K | New |
| GLD SPDR Gold Shares | 0.34% | 2,611 | $537K | New |
| XMHQ Invesco S&P Midcap Qual ETF | 0.34% | 4,838 | $532K | Reduce -29.8% |
| UBER Uber Technologies Inc. | 0.33% | 6,687 | $515K | Reduce -60.4% |
| NVDA Nvidia Corp. | 0.30% | 527 | $476K | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.30% | 4,573 | $464K | New |
| COST Costco Wholesale Corp. | 0.29% | 622 | $456K | New |
| SPIB SS SPDR P Int C Corp. ETF | 0.29% | 13,885 | $454K | Reduce -3.4% |
| MSFT Microsoft Corp. | 0.29% | 1,066 | $449K | New |
| XLSR SS US Sector Rotation | 0.28% | 8,793 | $438K | Reduce -10.3% |
| DLN Wisdomtree US Largecap Divid | 0.28% | 6,003 | $433K | New |
| SJNK SS SPDR BB St Hi Yield ETF | 0.27% | 17,007 | $429K | Reduce -0.6% |
| BSV Vanguard Short-Term Bond ETF | 0.26% | 5,280 | $405K | Add +10.8% |
| V Visa Inc. Class A | 0.26% | 1,448 | $404K | New |
| BIV Vanguard Intermediate-Term B | 0.25% | 5,141 | $388K | Add +4.5% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 8,871 | $371K | Add +16.9% |
| WMT Walmart Inc. | 0.24% | 6,146 | $370K | New |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.23% | 6,334 | $365K | New |
| GTLS Chart Industries Inc. | 0.23% | 2,200 | $362K | New |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.22% | 9,824 | $352K | Reduce -8.0% |
| TLT iShares 20+ Year Treasury BD | 0.22% | 3,712 | $351K | Reduce -10.3% |
| AAPL Apple Inc. | 0.22% | 1,980 | $340K | New |
| BNDC NT Core Bond ETF | 0.21% | 15,004 | $331K | Reduce -2.4% |
| CPB The Campbell's Company filed as CAMPBELL SOUP CO | 0.21% | 7,300 | $324K | New |
| HEFA Isha Curr Hedged MSCI Eafe | 0.21% | 9,246 | $323K | Add +0.1% |
| SPEM State Street SP PTF Em ETF | 0.19% | 8,405 | $304K | Reduce -9.3% |
| SCHR Schwab Intermediate-Term US | 0.19% | 6,172 | $303K | Reduce -4.2% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.19% | 6,014 | $296K | Reduce -40.6% |
| IEMG iShares Core MSCI Emerging | 0.17% | 5,213 | $269K | Reduce -44.0% |
| PKB Invesco Building & Construct | 0.17% | 3,500 | $262K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 11,100 | $255K | New |
| ITB iShares U.S. Home Constructi | 0.16% | 2,200 | $255K | No change |
| HYDB iShares High Yield Systemati | 0.16% | 5,274 | $246K | Add +9.8% |
| AMZN Amazon.com Inc. | 0.16% | 1,362 | $246K | New |
| META Meta Platforms Inc. Class A | 0.16% | 506 | $246K | New |
| GOOGL Alphabet Inc. Class A | 0.16% | 1,622 | $245K | New |
| VOO Vanguard S&P 500 ETF | 0.15% | 503 | $242K | Reduce -1.2% |
| FALN iShares Fallen Angels ETF | 0.15% | 8,786 | $236K | Add +9.1% |
| EMLC Vaneck JPM Em Local Curr BND | 0.15% | 9,539 | $234K | Reduce -3.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.14% | 4,202 | $220K | New |
| HYGV NT HY Val-SCRD BD ETF | 0.14% | 5,311 | $218K | Reduce -2.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $238K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| IBDP iShares Ibonds Dec 2024 Term | IBONDS DEC24 ETF · principal | 9,500 | $238K | No change |
Total filed on the 13F, all lines: $157.0M.
Portfolio Sells Q4 2023 → Q1 2024
| FNDX Schwab Fndmntl US LRG Co. ETF | Sold out | 0.00% | −4.42 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -27.7% | 3.55% | −2.84 |
| RWL Invesco S&P 500 Revenue ETF | Reduce -4.0% | 6.32% | −2.22 |
| XLI SS Industrial Select Sector | Reduce -49.4% | 1.40% | −2.16 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −2.13 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −1.85 |
| IVV iShares Core S&P 500 ETF | Reduce -22.8% | 2.72% | −1.84 |
| XLK SS Technology Select Sector | Reduce -50.1% | 0.54% | −0.89 |
| QUAL iShares MSCI USA Quality Fac | Reduce -24.4% | 1.20% | −0.82 |
| IYW iShares Ustechnology ETF | Reduce -34.4% | 0.76% | −0.74 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -0.8% | 1.61% | −0.72 |
| LGLV SPDR US LC Low Vol Idx | Sold out | 0.00% | −0.66 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -0.4% | 1.41% | −0.66 |
| UBER Uber Technologies Inc. | Reduce -60.4% | 0.33% | −0.62 |
| VFMF Vanguard US Multifactor ETF | Reduce -0.8% | 1.92% | −0.58 |
| TFLO iShares Treasury Floating Ra | Sold out | 0.00% | −0.52 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -7.9% | 0.84% | −0.48 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -9.2% | 1.01% | −0.47 |
| EFV iShares MSCI Eafe Value ETF | Reduce -34.5% | 0.41% | −0.44 |
| ESGU iShares ESG Aware MSCI USA | Sold out | 0.00% | −0.41 |
| XLV SS Health Care Select Sector | Reduce -0.7% | 1.20% | −0.39 |
| DFUV Dimensional US Marketwide Va | Reduce -9.4% | 0.79% | −0.34 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −0.33 |
| FUL H.B. Fuller Co. | Sold out | 0.00% | −0.28 |
| ITA iShares U.S. Aerospace & Def | Reduce -1.8% | 0.68% | −0.27 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.26 |
| IEMG iShares Core MSCI Emerging | Reduce -44.0% | 0.17% | −0.26 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -40.6% | 0.19% | −0.25 |
| VGK Vanguard Ftse Europe ETF | Reduce -1.5% | 0.61% | −0.24 |
| FMAT Fidelity MSCI Materials Indx | Reduce -12.3% | 0.43% | −0.22 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -29.8% | 0.34% | −0.22 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.21 |
| MBB iShares MBS ETF | Reduce -5.2% | 0.37% | −0.20 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.19 |
| TLT iShares 20+ Year Treasury BD | Reduce -10.3% | 0.22% | −0.15 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -3.4% | 0.29% | −0.14 |
| XLSR SS US Sector Rotation | Reduce -10.3% | 0.28% | −0.13 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -0.6% | 0.27% | −0.12 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -8.0% | 0.22% | −0.11 |
| SPEM State Street SP PTF Em ETF | Reduce -9.3% | 0.19% | −0.10 |
| BNDC NT Core Bond ETF | Reduce -2.4% | 0.21% | −0.10 |
| SCHR Schwab Intermediate-Term US | Reduce -4.2% | 0.19% | −0.10 |
| EMLC Vaneck JPM Em Local Curr BND | Reduce -3.8% | 0.15% | −0.08 |
| HYGV NT HY Val-SCRD BD ETF | Reduce -2.0% | 0.14% | −0.06 |
| QDF NT Qual Div ETF | Reduce -6.2% | 0.13% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -1.2% | 0.15% | −0.05 |
Portfolio Buys Q4 2023 → Q1 2024
| SMH Vaneck Semiconductor ETF | New | 6.33% | +6.33 |
| SOXX iShares Semiconductor ETF | New | 3.40% | +3.40 |
| QQQ Invesco QQQ Trust Series 1 | Add +127.2% | 7.53% | +3.17 |
| DIA SS SPDR Dow Jones Indus Avg | New | 2.89% | +2.89 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +609.7% | 3.39% | +2.77 |
| SPHD Invesco S&P 500 High Dividen | Add +254.3% | 4.05% | +2.49 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 2.02% | +2.02 |
| IJR iShares Core S&P Small-Cap E | New | 1.48% | +1.48 |
| SPXN Proshares S&P 500 Ex-Financi | New | 1.40% | +1.40 |
| IWM iShares Russell 2000 ETF | Add +118.8% | 1.84% | +0.70 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | New | 0.69% | +0.69 |
| CMG Chipotle Mexican Grill Inc. | New | 0.56% | +0.56 |
| IVE iShares S&P 500 Value ETF | New | 0.51% | +0.51 |
| ANET Arista Networks Inc. | Add +211.1% | 0.81% | +0.51 |
| VIS Vanguard Industrials ETF | Add +56.3% | 2.74% | +0.48 |
| XLF SS Financial Select Sector | New | 0.46% | +0.46 |
| PCAR Paccar Inc. | Add +184.4% | 0.72% | +0.44 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.39% | +0.39 |
| MA Mastercard Inc. Class A | New | 0.36% | +0.36 |
| NFLX Netflix Inc. | New | 0.35% | +0.35 |
| GLD SPDR Gold Shares | New | 0.34% | +0.34 |
| NVDA Nvidia Corp. | New | 0.30% | +0.30 |
| TJX TJX Companies Inc. | New | 0.30% | +0.30 |
| COST Costco Wholesale Corp. | New | 0.29% | +0.29 |
| MSFT Microsoft Corp. | New | 0.29% | +0.29 |
| DLN Wisdomtree US Largecap Divid | New | 0.28% | +0.28 |
| V Visa Inc. Class A | New | 0.26% | +0.26 |
| WMT Walmart Inc. | New | 0.24% | +0.24 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.23% | +0.23 |
| GTLS Chart Industries Inc. | New | 0.23% | +0.23 |
| AAPL Apple Inc. | New | 0.22% | +0.22 |
| CPB The Campbell's Company | New | 0.21% | +0.21 |
| PLTR Palantir Technologies Inc. Class A | New | 0.16% | +0.16 |
| IVW iShares S&P 500 Growth ETF | Add +67.1% | 0.66% | +0.16 |
| AMZN Amazon.com Inc. | New | 0.16% | +0.16 |
| META Meta Platforms Inc. Class A | New | 0.16% | +0.16 |
| GOOGL Alphabet Inc. Class A | New | 0.16% | +0.16 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.14% | +0.14 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.13% | +0.13 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.13% | +0.13 |
| FDLO Fidelity Low Volat Fact ETF | Add +44.0% | 1.70% | +0.11 |
| FALN iShares Fallen Angels ETF | Add +9.1% | 0.15% | −0.04 |
| HYDB iShares High Yield Systemati | Add +9.8% | 0.16% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +16.9% | 0.24% | −0.05 |
| VXUS Vanguard Total Intl Stock | Add +23.7% | 0.46% | −0.05 |
| VMBS Vanguard Mortgage-Backed Sec | Add +3.6% | 0.13% | −0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +13.0% | 0.45% | −0.07 |
| BSV Vanguard Short-Term Bond ETF | Add +10.8% | 0.26% | −0.08 |
| BIV Vanguard Intermediate-Term B | Add +4.5% | 0.25% | −0.09 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +0.1% | 0.21% | −0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 162 | $400.8M | IVV, SOXX, QQQ, DIVB, VLU |
| Q1 2026 | 146 | $301.0M | QQQ, VLU, DIVB, SOXX, IVV |
| Q4 2025 | 133 | $274.5M | SMH, QQQ, DIVB, SPY, VLU |
| Q3 2025 | 120 | $233.4M | SMH, QQQ, DIVB, VLU, SPY |
| Q2 2025 | 123 | $199.0M | SMH, QQQ, XLK, VLU, BRK.A |
| Q1 2025 | 118 | $173.0M | SMH, QQQ, VLU, BRK.A, DIVB |
| Q4 2024 | 121 | $180.8M | SMH, QQQ, VLU, XLK, SPY |
| Q3 2024 | 107 | $168.3M | SMH, QQQ, SPY, VLU, SOXX |
| Q2 2024 | 105 | $165.1M | SMH, QQQ, VTI, RSP, SOXX |
| Q1 2024 | 104 | $156.7M | QQQ, SMH, RWL, SPHD, VTI |