Absolute Capital Management, LLC

Name: ABSOLUTE CAPITAL MANAGEMENT, LLC 13F holdings, Q1 2025
Creator: ABSOLUTE CAPITAL MANAGEMENT, LLC
Published: 2025-05-14

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Absolute Capital Management, LLC reported 118 stock positions worth $173.0 million. Its top holding was Vaneck Semiconductor ETF (SMH) at 5.1% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.0%) and SS SPDR S&P 1500 Value Tilt (VLU, 3.7%). Compared with Q4 2024, it opened 10 new positions, sold out of 13, added to 48 and reduced 50. The biggest buy was a new position in iShares Morningstar Growth E (ILCG) and the biggest sale an exit from Goldman SS MB RL 1000 GE ETF (GGUS).

Most Recent 13F: Q2 2026
Location: Pittsburgh, PA
CIK: 0001817648
Portfolio Value: $173.0M (Q1 2025)
SEC Filing: 0001172661-25-001827 ↗ filed May 14, 2025

Holdings Value

Holdings 118 stocks · $173.0M


SMH Vaneck Semiconductor ETF	5.09%	41,625	$8.8M	Reduce 0.0%
QQQ Invesco QQQ Trust Series 1	5.00%	18,430	$8.6M	No change
VLU SS SPDR S&P 1500 Value Tilt	3.74%	35,200	$6.5M	Add +2.9%
BRK.A Berkshire Hathaway Inc. Class A	3.69%	8	$6.4M	No change
DIVB iShares Core Dividend ETF	3.39%	121,000	$5.9M	Add +8.0%
XLK SS Technology Select Sector	3.20%	26,805	$5.5M	No change
SPY SS SPDR S&P 500 ETF Trust-US	3.16%	9,780	$5.5M	Reduce -3.4%
SOXX iShares Semiconductor ETF	2.92%	26,850	$5.1M	No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	2.77%	11,400	$4.8M	Reduce -8.1%
VOX Vanguard Communication Servi	2.76%	32,163	$4.8M	Reduce -0.5%
ILCG iShares Morningstar Growth E	2.29%	49,000	$4.0M	New
IVV iShares Core S&P 500 ETF	2.14%	6,601	$3.7M	Add +10.4%
VTI VG Morningstar TS MKT ETF-US	2.09%	13,128	$3.6M	Reduce -12.0%
USMV iShares MSCI USA Min Vol Fac	2.01%	37,073	$3.5M	Reduce -6.2%
QUAL iShares MSCI USA Quality Fac	1.69%	17,073	$2.9M	Add +4.5%
RWL Invesco S&P 500 Revenue ETF	1.61%	28,072	$2.8M	Reduce -8.9%
VGT Vanguard Info Tech ETF	1.53%	4,891	$2.7M	Reduce -5.8%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	1.51%	56,702	$2.6M	Reduce -2.3%
VDC Vanguard Consumer Staple ETF	1.49%	11,752	$2.6M	Add +25.8%
BRK.B Berkshire Hathaway Inc. Class B	1.44%	4,667	$2.5M	Add +217.9%
GS Goldman Sachs Group Inc.	1.36%	4,301	$2.3M	Add +2.3%
IGIB iShares 5-10Y Inv Grade Corp.	1.29%	42,404	$2.2M	Reduce -11.2%
COST Costco Wholesale Corp.	1.19%	2,177	$2.1M	Add +30.4%
V Visa Inc. Class A	1.18%	5,811	$2.0M	Add +45.9%
IJR iShares Core S&P Small-Cap E	1.16%	19,249	$2.0M	Add +0.4%
NFLX Netflix Inc.	1.15%	2,136	$2.0M	No change
MSFT Microsoft Corp.	1.13%	5,199	$2.0M	Reduce -0.9%
VCLT Vanguard Long-Term Corp. Bond	1.10%	24,965	$1.9M	Reduce -10.9%
VEA Vanguard Ftse Developed ETF	1.09%	37,094	$1.9M	Add +8.5%
IWM iShares Russell 2000 ETF	1.07%	9,258	$1.8M	Reduce -30.1%
IVW iShares S&P 500 Growth ETF	0.98%	18,319	$1.7M	Reduce -0.6%
ITA iShares U.S. Aerospace & Def	0.98%	11,048	$1.7M	Add +32.6%
ILCV iShares Morningstar Value Et	0.97%	20,500	$1.7M	No change
CGGR Cap Group Growth Equity	0.95%	47,884	$1.6M	Reduce -7.0%
VOO Vanguard S&P 500 ETF	0.93%	3,123	$1.6M	Add +10.2%
BNDX Vanguard Total Intl Bond ETF	0.90%	31,764	$1.6M	Add +4.4%
VUG Vanguard Mrngstar GR ETF-Sui	0.88%	4,126	$1.5M	Add +3.5%
HEFA Isha Curr Hedged MSCI Eafe	0.87%	41,299	$1.5M	Add +86.1%
IBHF iShares Ibond 2026 HY & Inc.	0.86%	64,134	$1.5M	Reduce -9.4%
DIVI Franklin International Core	0.85%	45,000	$1.5M	New
IWB iShares Russell 1000 ETF	0.79%	4,458	$1.4M	Reduce -7.2%
VTV Vanguard Mrngstr Val ETF-Aui	0.75%	7,555	$1.3M	Add +2.0%
XLV SS Health Care Select Sector	0.75%	8,874	$1.3M	Reduce -6.4%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.71%	25,223	$1.2M	Reduce -0.3%
FDMO Fidelity Momentum Factor ETF	0.69%	18,400	$1.2M	No change
JAAA Janus Henderson Aaa Clo ETF	0.67%	22,704	$1.2M	Reduce -10.8%
SHY iShares 1-3 Year Treasury Bo	0.65%	13,655	$1.1M	Reduce -17.3%
BX Blackstone Inc.	0.65%	8,047	$1.1M	Reduce -0.0%
IVE iShares S&P 500 Value ETF	0.63%	5,761	$1.1M	Add +40.0%
VXUS Vanguard Total Intl Stock	0.63%	17,503	$1.1M	Add +1.8%
BND Vanguard Total Bond Market	0.62%	14,643	$1.1M	Add +1.2%
BSV Vanguard Short-Term Bond ETF	0.61%	13,563	$1.1M	Add +6.0%
BSJQ Invesco Bulletshares 2026 HY	0.59%	43,744	$1.0M	Reduce -12.9%
IYW iShares Ustechnology ETF	0.57%	7,056	$991K	Reduce -7.3%
DFUV Dimensional US Marketwide Va	0.53%	22,399	$923K	Reduce -12.7%
EFV iShares MSCI Eafe Value ETF	0.52%	15,406	$908K	Reduce -22.8%
XLF SS Financial Select Sector	0.50%	17,210	$857K	Add +0.3%
VWO Vanguard Ftse Emerging Marke	0.44%	16,756	$758K	Add +16.2%
JPM JPMorgan Chase & Co.	0.43%	3,057	$750K	Add +0.2%
XHS SS SPDR S&P HC Services ETF	0.43%	7,600	$746K	New
SHYG iShares 0-5 YR HY Corp. Bond	0.38%	15,498	$659K	Add +1.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	0.37%	12,486	$647K	Reduce -12.4%
VHT Vanguard Health Care ETF	0.35%	2,310	$612K	Reduce -27.3%
SPDW Ste STR SPDR PT DW Eu ETF	0.35%	16,778	$611K	Add +76.1%
BIV Vanguard Intermediate-Term B	0.33%	7,534	$577K	Add +9.2%
MBB iShares MBS ETF	0.33%	6,125	$574K	Reduce -19.3%
VMBS Vanguard Mortgage-Backed Sec	0.33%	12,351	$572K	Add +7.5%
EFG iShares MSCI Eafe Growth ETF	0.33%	5,666	$567K	Reduce -48.2%
TLH iShares 10-20 Year Treasury	0.32%	5,381	$558K	New
IEMG iShares Core MSCI Emerging	0.32%	10,285	$555K	Add +56.0%
BNDC NT Core Bond ETF	0.32%	24,597	$546K	Reduce -13.5%
XLSR SS US Sector Rotation	0.31%	10,560	$536K	Add +4.0%
IJH iShares Core S&P Midcap ETF	0.31%	9,112	$532K	Reduce -4.5%
AAPL Apple Inc.	0.30%	2,368	$526K	Add +3.0%
UWM Proshares Ultra RUSSELL2000	0.29%	14,795	$496K	Reduce -34.9%
BLV Vanguard Long-Term Bond ETF	0.29%	7,027	$495K	Add +8.7%
NVDA Nvidia Corp.	0.29%	4,554	$494K	Reduce -62.1%
MO Altria Group Inc.	0.28%	8,200	$492K	No change
FMAT Fidelity MSCI Materials Indx	0.28%	9,872	$477K	Reduce -11.5%
BAX Baxter International Inc.	0.28%	13,900	$476K	No change
DLN Wisdomtree US Largecap Divid	0.27%	5,859	$465K	Reduce -10.4%
SPEM State Street SP PTF Em ETF	0.27%	11,790	$464K	Add +10.0%
HYDB iShares High Yield Systemati	0.27%	9,804	$462K	Reduce -8.4%
EMXC iShares MSCI Emr MRK Ex Chna	0.26%	8,056	$444K	Reduce -15.6%
XLI SS Industrial Select Sector	0.25%	3,289	$431K	Reduce -12.6%
PWR Quanta Services Inc.	0.25%	1,674	$425K	New
BIL SS SPDR BB 1-3M T-Bill ETF	0.23%	4,321	$396K	Reduce -27.9%
MTUM iShares MSCI USA Momentum Fa	0.23%	1,946	$394K	Add +1.1%
TDTT NT Iboxx 3Y Dur Tips ETF	0.22%	15,765	$384K	Add +54.4%
OEF iShares S&P 100 ETF	0.22%	1,406	$381K	New
BINC iShares Flex I A ETF-Usd Inc.	0.22%	7,219	$378K	Reduce -1.0%
META Meta Platforms Inc. Class A	0.21%	631	$364K	Add +4.3%
FISR SS Fi Sector Rotation	0.21%	13,935	$361K	Add +48.7%
IAU iShares Gold Trust	0.20%	5,905	$348K	New
VB Vanguard Most SM-Cap ETF-Usd	0.20%	1,559	$346K	Add +0.7%
SPYM Ste STR SPDR PT S&P 500 ETF	0.20%	5,197	$342K	Add +0.1%
QDF NT Qual Div ETF	0.20%	4,953	$339K	Add +0.2%
GOOGL Alphabet Inc. Class A	0.19%	2,142	$331K	Add +2.2%
ICVT iShares Convertible Bond ETF	0.18%	3,698	$309K	Reduce -14.0%
XMHQ Invesco S&P Midcap Qual ETF	0.18%	3,343	$306K	Reduce -12.4%
HYGV NT HY Val-SCRD BD ETF	0.17%	7,258	$293K	Reduce -11.7%
SPLB SS SPDR P Long Term C ETF	0.17%	12,808	$289K	New
SPMO Invesco S&P 500 Momentum ETF	0.17%	3,099	$287K	Add +18.9%
FDLO Fidelity Low Volat Fact ETF	0.16%	4,663	$283K	Add +0.1%
GLD SPDR Gold Shares	0.16%	976	$281K	Add +1.4%
AMZN Amazon.com Inc.	0.16%	1,472	$280K	Add +0.8%
IQDF NT Intl Qual Div ETF	0.15%	10,687	$266K	Add +17.0%
GEHC GE Healthcare Technology	0.15%	3,300	$266K	No change
FLDR Fidelity Low Durat Fact ETF	0.15%	5,104	$256K	Add +3.0%
LGH HCM Defender 500 Index ETF	0.15%	5,231	$253K	Reduce -5.3%
QQH HCM Defender 100 Index ETF	0.15%	4,298	$251K	Reduce -5.6%
SCHR Schwab Intermediate-Term US	0.14%	9,984	$248K	Reduce -17.2%
CWB SS SPDR BB Conv Sec ETF	0.14%	3,117	$239K	Reduce -9.2%
AGG iShares Core U.S. Aggregate	0.13%	2,331	$231K	Add +7.5%
BBUS JPMorgan Betabuilders US Equ	0.13%	2,214	$223K	New
IEFA iShares Core MSCI Eafe ETF	0.13%	2,940	$222K	Reduce -10.6%
TOTL SS Doubleline TR Tact ETF	0.12%	5,019	$202K	Reduce -1.9%
IBDW iShares Ibonds Dec 2031 Corp.	0.12%	9,673	$201K	New

Portfolio Sells Q4 2024 → Q1 2025


GGUS Goldman SS MB RL 1000 GE ETF	Sold out	0.00%	−2.29
VIS Vanguard Industrials ETF	Sold out	0.00%	−1.34
NVDA Nvidia Corp.	Reduce -62.1%	0.29%	−0.62
IWM iShares Russell 2000 ETF	Reduce -30.1%	1.07%	−0.55
VTWG Vanguard Russell 2000 Growth	Sold out	0.00%	−0.49
SMH Vaneck Semiconductor ETF	Reduce 0.0%	5.09%	−0.49
SPYG SS SPDR P S&P 500 Growth ETF	Sold out	0.00%	−0.41
UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.33
VTI VG Morningstar TS MKT ETF-US	Reduce -12.0%	2.09%	−0.31
FDVV Fidelity High Dividend ETF	Sold out	0.00%	−0.28
EFG iShares MSCI Eafe Growth ETF	Reduce -48.2%	0.33%	−0.26
VGT Vanguard Info Tech ETF	Reduce -5.8%	1.53%	−0.25
UWM Proshares Ultra RUSSELL2000	Reduce -34.9%	0.29%	−0.24
IWY iShares Russell Top 200 Grow	Sold out	0.00%	−0.23
TLT iShares 20+ Year Treasury BD	Sold out	0.00%	−0.19
XMMO Invesco S&P Midcap Momentum	Sold out	0.00%	−0.18
DIA SS SPDR Dow Jones Indus Avg	Reduce -8.1%	2.77%	−0.15
LLY Eli Lilly & Co.	Sold out	0.00%	−0.13
LKOR NT Crdscr US Lcorp ETF	Sold out	0.00%	−0.13
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -3.4%	3.16%	−0.12
BX Blackstone Inc.	Reduce -0.0%	0.65%	−0.12
VONG Vanguard Russell 1000 Growth	Sold out	0.00%	−0.11
IWF iShares Russell 1000 Growth	Sold out	0.00%	−0.11
CGGR Cap Group Growth Equity	Reduce -7.0%	0.95%	−0.11
IYW iShares Ustechnology ETF	Reduce -7.3%	0.57%	−0.10
MSFT Microsoft Corp.	Reduce -0.9%	1.13%	−0.10
SHY iShares 1-3 Year Treasury Bo	Reduce -17.3%	0.65%	−0.10
VHT Vanguard Health Care ETF	Reduce -27.3%	0.35%	−0.09
BIL SS SPDR BB 1-3M T-Bill ETF	Reduce -27.9%	0.23%	−0.07
IGIB iShares 5-10Y Inv Grade Corp.	Reduce -11.2%	1.29%	−0.07
JEPQ JPM Nasdaq Equity Premium	Reduce -12.4%	0.37%	−0.07
IWB iShares Russell 1000 ETF	Reduce -7.2%	0.79%	−0.07
VCLT Vanguard Long-Term Corp. Bond	Reduce -10.9%	1.10%	−0.06
BSJQ Invesco Bulletshares 2026 HY	Reduce -12.9%	0.59%	−0.06
IVW iShares S&P 500 Growth ETF	Reduce -0.6%	0.98%	−0.06
RWL Invesco S&P 500 Revenue ETF	Reduce -8.9%	1.61%	−0.06
EFV iShares MSCI Eafe Value ETF	Reduce -22.8%	0.52%	−0.05
MBB iShares MBS ETF	Reduce -19.3%	0.33%	−0.05
JAAA Janus Henderson Aaa Clo ETF	Reduce -10.8%	0.67%	−0.05
DFUV Dimensional US Marketwide Va	Reduce -12.7%	0.53%	−0.05
IBHF iShares Ibond 2026 HY & Inc.	Reduce -9.4%	0.86%	−0.05
EMXC iShares MSCI Emr MRK Ex Chna	Reduce -15.6%	0.26%	−0.04
XMHQ Invesco S&P Midcap Qual ETF	Reduce -12.4%	0.18%	−0.03
BNDC NT Core Bond ETF	Reduce -13.5%	0.32%	−0.03
QQH HCM Defender 100 Index ETF	Reduce -5.6%	0.15%	−0.03
XLI SS Industrial Select Sector	Reduce -12.6%	0.25%	−0.02
ICVT iShares Convertible Bond ETF	Reduce -14.0%	0.18%	−0.02
FMAT Fidelity MSCI Materials Indx	Reduce -11.5%	0.28%	−0.02
IJH iShares Core S&P Midcap ETF	Reduce -4.5%	0.31%	−0.02
SCHR Schwab Intermediate-Term US	Reduce -17.2%	0.14%	−0.02

Portfolio Buys Q4 2024 → Q1 2025


ILCG iShares Morningstar Growth E	New	2.29%	+2.29
BRK.B Berkshire Hathaway Inc. Class B	Add +217.9%	1.44%	+1.07
DIVI Franklin International Core	New	0.85%	+0.85
V Visa Inc. Class A	Add +45.9%	1.18%	+0.48
DIVB iShares Core Dividend ETF	Add +8.0%	3.39%	+0.46
HEFA Isha Curr Hedged MSCI Eafe	Add +86.1%	0.87%	+0.44
XHS SS SPDR S&P HC Services ETF	New	0.43%	+0.43
VDC Vanguard Consumer Staple ETF	Add +25.8%	1.49%	+0.39
COST Costco Wholesale Corp.	Add +30.4%	1.19%	+0.34
TLH iShares 10-20 Year Treasury	New	0.32%	+0.32
ITA iShares U.S. Aerospace & Def	Add +32.6%	0.98%	+0.31
VLU SS SPDR S&P 1500 Value Tilt	Add +2.9%	3.74%	+0.26
PWR Quanta Services Inc.	New	0.25%	+0.25
OEF iShares S&P 100 ETF	New	0.22%	+0.22
IAU iShares Gold Trust	New	0.20%	+0.20
IVE iShares S&P 500 Value ETF	Add +40.0%	0.63%	+0.20
IVV iShares Core S&P 500 ETF	Add +10.4%	2.14%	+0.19
VEA Vanguard Ftse Developed ETF	Add +8.5%	1.09%	+0.19
SPDW Ste STR SPDR PT DW Eu ETF	Add +76.1%	0.35%	+0.17
SPLB SS SPDR P Long Term C ETF	New	0.17%	+0.17
IEMG iShares Core MSCI Emerging	Add +56.0%	0.32%	+0.13
BBUS JPMorgan Betabuilders US Equ	New	0.13%	+0.13
IBDW iShares Ibonds Dec 2031 Corp.	New	0.12%	+0.12
TDTT NT Iboxx 3Y Dur Tips ETF	Add +54.4%	0.22%	+0.09
VWO Vanguard Ftse Emerging Marke	Add +16.2%	0.44%	+0.09
FISR SS Fi Sector Rotation	Add +48.7%	0.21%	+0.08
QUAL iShares MSCI USA Quality Fac	Add +4.5%	1.69%	+0.08
BNDX Vanguard Total Intl Bond ETF	Add +4.4%	0.90%	+0.07
VXUS Vanguard Total Intl Stock	Add +1.8%	0.63%	+0.07
BSV Vanguard Short-Term Bond ETF	Add +6.0%	0.61%	+0.07
VTV Vanguard Mrngstr Val ETF-Aui	Add +2.0%	0.75%	+0.06
BIV Vanguard Intermediate-Term B	Add +9.2%	0.33%	+0.05
BND Vanguard Total Bond Market	Add +1.2%	0.62%	+0.05
VMBS Vanguard Mortgage-Backed Sec	Add +7.5%	0.33%	+0.04
BLV Vanguard Long-Term Bond ETF	Add +8.7%	0.29%	+0.04
SPEM State Street SP PTF Em ETF	Add +10.0%	0.27%	+0.04
XLF SS Financial Select Sector	Add +0.3%	0.50%	+0.04
IQDF NT Intl Qual Div ETF	Add +17.0%	0.15%	+0.04
GLD SPDR Gold Shares	Add +1.4%	0.16%	+0.03
JPM JPMorgan Chase & Co.	Add +0.2%	0.43%	+0.03
SPMO Invesco S&P 500 Momentum ETF	Add +18.9%	0.17%	+0.03
GS Goldman Sachs Group Inc.	Add +2.3%	1.36%	+0.03
SHYG iShares 0-5 YR HY Corp. Bond	Add +1.8%	0.38%	+0.02
AGG iShares Core U.S. Aggregate	Add +7.5%	0.13%	+0.02
META Meta Platforms Inc. Class A	Add +4.3%	0.21%	+0.01
FLDR Fidelity Low Durat Fact ETF	Add +3.0%	0.15%	+0.01
XLSR SS US Sector Rotation	Add +4.0%	0.31%	+0.01
FDLO Fidelity Low Volat Fact ETF	Add +0.1%	0.16%	+0.01
MTUM iShares MSCI USA Momentum Fa	Add +1.1%	0.23%	+0.01
QDF NT Qual Div ETF	Add +0.2%	0.20%	+0.00

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