Absolute Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Absolute Capital Management, LLC reported 123 stock positions worth $199.0 million. Its top holding was Vaneck Semiconductor ETF (SMH) at 6.0% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.2%) and SS Technology Select Sector (XLK, 3.4%). Compared with Q1 2025, it opened 13 new positions, sold out of 8, added to 51 and reduced 52. The biggest buy was Fidelity Momentum Factor ETF (FDMO, shares +140%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- Pittsburgh, PA
- CIK
- 0001817648
- Portfolio Value
- $199.0M (Q2 2025)
- SEC Filing
- 0001172661-25-003035 ↗ filed Aug 12, 2025
Holdings Value
Holdings 123 stocks · $199.0M
| SMH Vaneck Semiconductor ETF | 5.97% | 42,624 | $11.9M | Add +2.4% |
| QQQ Invesco QQQ Trust Series 1 | 5.25% | 18,930 | $10.4M | Add +2.7% |
| XLK SS Technology Select Sector | 3.41% | 26,770 | $6.8M | Reduce -0.1% |
| VLU SS SPDR S&P 1500 Value Tilt | 3.40% | 35,200 | $6.8M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 3.30% | 9 | $6.6M | Add +12.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.14% | 10,098 | $6.2M | Add +3.3% |
| DIVB iShares Core Dividend ETF | 3.06% | 121,000 | $6.1M | No change |
| SOXX iShares Semiconductor ETF | 2.83% | 23,550 | $5.6M | Reduce -12.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 2.52% | 11,400 | $5.0M | No change |
| VOX Vanguard Communication Servi | 2.52% | 29,295 | $5.0M | Reduce -8.9% |
| RWL Invesco S&P 500 Revenue ETF | 2.10% | 40,154 | $4.2M | Add +43.0% |
| VTI VG Morningstar TS MKT ETF-US | 2.09% | 13,673 | $4.2M | Add +4.2% |
| ILCG iShares Morningstar Growth E | 1.73% | 35,504 | $3.4M | Reduce -27.5% |
| USMV iShares MSCI USA Min Vol Fac | 1.70% | 35,999 | $3.4M | Reduce -2.9% |
| FDMO Fidelity Momentum Factor ETF | 1.68% | 44,100 | $3.3M | Add +139.7% |
| QUAL iShares MSCI USA Quality Fac | 1.63% | 17,716 | $3.2M | Add +3.8% |
| VGT Vanguard Info Tech ETF | 1.62% | 4,870 | $3.2M | Reduce -0.4% |
| GS Goldman Sachs Group Inc. | 1.53% | 4,288 | $3.0M | Reduce -0.3% |
| NFLX Netflix Inc. | 1.45% | 2,150 | $2.9M | Add +0.7% |
| JAAA Janus Henderson Aaa Clo ETF | 1.32% | 51,884 | $2.6M | Add +128.5% |
| VDC Vanguard Consumer Staple ETF | 1.29% | 11,718 | $2.6M | Reduce -0.3% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.27% | 54,808 | $2.5M | Reduce -3.3% |
| VOO Vanguard S&P 500 ETF | 1.19% | 4,162 | $2.4M | Add +33.3% |
| IVV iShares Core S&P 500 ETF | 1.15% | 3,688 | $2.3M | Reduce -44.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.14% | 4,684 | $2.3M | Add +0.4% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.11% | 41,271 | $2.2M | Reduce -2.7% |
| COST Costco Wholesale Corp. | 1.10% | 2,202 | $2.2M | Add +1.1% |
| VEA Vanguard Ftse Developed ETF | 1.09% | 37,868 | $2.2M | Add +2.1% |
| IJR iShares Core S&P Small-Cap E | 1.06% | 19,241 | $2.1M | Reduce -0.0% |
| V Visa Inc. Class A | 1.04% | 5,800 | $2.1M | Reduce -0.2% |
| IWM iShares Russell 2000 ETF | 1.01% | 9,282 | $2.0M | Add +0.3% |
| MSFT Microsoft Corp. | 1.01% | 4,025 | $2.0M | Reduce -22.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.00% | 4,554 | $2.0M | Add +10.4% |
| EZU iShares MSCI Eurozone ETF | 0.99% | 33,041 | $2.0M | New |
| CGGR Cap Group Growth Equity | 0.97% | 47,672 | $1.9M | Reduce -0.4% |
| IVW iShares S&P 500 Growth ETF | 0.96% | 17,381 | $1.9M | Reduce -5.1% |
| VCLT Vanguard Long-Term Corp. Bond | 0.92% | 24,218 | $1.8M | Reduce -3.0% |
| ILCV iShares Morningstar Value Et | 0.86% | 20,500 | $1.7M | No change |
| EFV iShares MSCI Eafe Value ETF | 0.83% | 26,140 | $1.7M | Add +69.7% |
| BNDX Vanguard Total Intl Bond ETF | 0.81% | 32,600 | $1.6M | Add +2.6% |
| DIVI Franklin International Core | 0.81% | 45,000 | $1.6M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.78% | 8,730 | $1.6M | Add +15.6% |
| IWB iShares Russell 1000 ETF | 0.76% | 4,467 | $1.5M | Add +0.2% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.75% | 27,367 | $1.5M | Add +8.5% |
| ITA iShares U.S. Aerospace & Def | 0.71% | 7,518 | $1.4M | Reduce -31.9% |
| IBHF iShares Ibond 2026 HY & Inc. | 0.71% | 61,035 | $1.4M | Reduce -4.8% |
| IVE iShares S&P 500 Value ETF | 0.71% | 7,182 | $1.4M | Add +24.7% |
| VXUS Vanguard Total Intl Stock | 0.66% | 18,952 | $1.3M | Add +8.3% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.66% | 34,453 | $1.3M | Reduce -16.6% |
| BSV Vanguard Short-Term Bond ETF | 0.63% | 16,025 | $1.3M | Add +18.1% |
| IEMG iShares Core MSCI Emerging | 0.59% | 19,492 | $1.2M | Add +89.5% |
| XLV SS Health Care Select Sector | 0.58% | 8,624 | $1.2M | Reduce -2.8% |
| XLF SS Financial Select Sector | 0.58% | 22,133 | $1.2M | Add +28.6% |
| SHY iShares 1-3 Year Treasury Bo | 0.56% | 13,492 | $1.1M | Reduce -1.2% |
| BX Blackstone Inc. | 0.56% | 7,407 | $1.1M | Reduce -8.0% |
| BND Vanguard Total Bond Market | 0.50% | 13,632 | $1.0M | Reduce -6.9% |
| BSJQ Invesco Bulletshares 2026 HY | 0.47% | 40,476 | $944K | Reduce -7.5% |
| ITW Illinois Tool Works | 0.45% | 3,607 | $892K | New |
| ECL Ecolab Inc. | 0.45% | 3,300 | $889K | New |
| JPM JPMorgan Chase & Co. | 0.45% | 3,066 | $889K | Add +0.3% |
| BIV Vanguard Intermediate-Term B | 0.45% | 11,490 | $889K | Add +52.5% |
| DFUV Dimensional US Marketwide Va | 0.44% | 20,532 | $868K | Reduce -8.3% |
| GLDM SPDR Gold Minishares Trust | 0.43% | 13,136 | $861K | New |
| VWO Vanguard Ftse Emerging Marke | 0.43% | 17,368 | $859K | Add +3.6% |
| XHS SS SPDR S&P HC Services ETF | 0.38% | 7,600 | $757K | No change |
| NVDA Nvidia Corp. | 0.38% | 4,787 | $756K | Add +5.1% |
| TLH iShares 10-20 Year Treasury | 0.37% | 7,223 | $734K | Add +34.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.34% | 6,081 | $681K | Add +7.3% |
| OEF iShares S&P 100 ETF | 0.34% | 2,233 | $680K | Add +58.8% |
| THRO iShares U.S. Thematic Rotati | 0.34% | 19,087 | $679K | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.33% | 11,982 | $652K | Reduce -4.0% |
| BLV Vanguard Long-Term Bond ETF | 0.32% | 9,104 | $633K | Add +29.6% |
| XLSR SS US Sector Rotation | 0.31% | 11,275 | $619K | Add +6.8% |
| MTUM iShares MSCI USA Momentum Fa | 0.31% | 2,544 | $612K | Add +30.7% |
| UWM Proshares Ultra RUSSELL2000 | 0.30% | 16,064 | $605K | Add +8.6% |
| VMBS Vanguard Mortgage-Backed Sec | 0.30% | 12,934 | $599K | Add +4.7% |
| MBB iShares MBS ETF | 0.30% | 6,348 | $596K | Add +3.6% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.29% | 13,390 | $578K | Reduce -13.6% |
| IJH iShares Core S&P Midcap ETF | 0.29% | 9,295 | $576K | Add +2.0% |
| PWR Quanta Services Inc. | 0.28% | 1,500 | $567K | Reduce -10.4% |
| VHT Vanguard Health Care ETF | 0.27% | 2,195 | $545K | Reduce -5.0% |
| IAGG iShares Intl Aggregate Bond | 0.27% | 10,551 | $539K | New |
| BNDC NT Core Bond ETF | 0.27% | 23,822 | $530K | Reduce -3.1% |
| AAPL Apple Inc. | 0.26% | 2,562 | $526K | Add +8.2% |
| UNH Unitedhealth Group Inc. | 0.25% | 1,616 | $504K | New |
| IYW iShares Ustechnology ETF | 0.25% | 2,876 | $498K | Reduce -59.2% |
| MO Altria Group Inc. | 0.24% | 8,200 | $481K | No change |
| META Meta Platforms Inc. Class A | 0.24% | 647 | $478K | Add +2.5% |
| FMAT Fidelity MSCI Materials Indx | 0.23% | 9,314 | $464K | Reduce -5.7% |
| XLI SS Industrial Select Sector | 0.23% | 3,048 | $450K | Reduce -7.3% |
| FISR SS Fi Sector Rotation | 0.22% | 16,996 | $439K | Add +22.0% |
| SPMO Invesco S&P 500 Momentum ETF | 0.22% | 3,841 | $432K | Add +23.9% |
| DLN Wisdomtree US Largecap Divid | 0.21% | 5,186 | $426K | Reduce -11.5% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.21% | 7,777 | $411K | Add +7.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.21% | 1,723 | $410K | Add +10.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.19% | 5,288 | $384K | Add +1.8% |
| HYDB iShares High Yield Systemati | 0.19% | 8,070 | $383K | Reduce -17.7% |
| AMZN Amazon.com Inc. | 0.19% | 1,744 | $383K | Add +18.5% |
| SPEM State Street SP PTF Em ETF | 0.19% | 8,901 | $380K | Reduce -24.5% |
| TDTT NT Iboxx 3Y Dur Tips ETF | 0.18% | 15,051 | $365K | Reduce -4.5% |
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -44.1% | 1.15% | −0.99 |
| ILCG iShares Morningstar Growth E | Reduce -27.5% | 1.73% | −0.56 |
| IYW iShares Ustechnology ETF | Reduce -59.2% | 0.25% | −0.32 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -2.9% | 1.70% | −0.31 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.28 |
| ITA iShares U.S. Aerospace & Def | Reduce -31.9% | 0.71% | −0.27 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.26 |
| VOX Vanguard Communication Servi | Reduce -8.9% | 2.52% | −0.24 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -3.3% | 1.27% | −0.24 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.23 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -16.6% | 0.66% | −0.21 |
| VDC Vanguard Consumer Staple ETF | Reduce -0.3% | 1.29% | −0.20 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -53.5% | 0.16% | −0.19 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -2.7% | 1.11% | −0.18 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -3.0% | 0.92% | −0.17 |
| XLV SS Health Care Select Sector | Reduce -2.8% | 0.58% | −0.16 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.16 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.15 |
| IBHF iShares Ibond 2026 HY & Inc. | Reduce -4.8% | 0.71% | −0.15 |
| SCHR Schwab Intermediate-Term US | Sold out | 0.00% | −0.14 |
| V Visa Inc. Class A | Reduce -0.2% | 1.04% | −0.14 |
| MSFT Microsoft Corp. | Reduce -22.6% | 1.01% | −0.12 |
| BND Vanguard Total Bond Market | Reduce -6.9% | 0.50% | −0.12 |
| TOTL SS Doubleline TR Tact ETF | Sold out | 0.00% | −0.12 |
| IBDW iShares Ibonds Dec 2031 Corp. | Sold out | 0.00% | −0.12 |
| BSJQ Invesco Bulletshares 2026 HY | Reduce -7.5% | 0.47% | −0.11 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.0% | 1.06% | −0.11 |
| DFUV Dimensional US Marketwide Va | Reduce -8.3% | 0.44% | −0.10 |
| SOXX iShares Semiconductor ETF | Reduce -12.3% | 2.83% | −0.10 |
| BX Blackstone Inc. | Reduce -8.0% | 0.56% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.2% | 0.56% | −0.09 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -13.6% | 0.29% | −0.09 |
| VHT Vanguard Health Care ETF | Reduce -5.0% | 0.27% | −0.08 |
| SPEM State Street SP PTF Em ETF | Reduce -24.5% | 0.19% | −0.08 |
| HYDB iShares High Yield Systemati | Reduce -17.7% | 0.19% | −0.07 |
| IAU iShares Gold Trust | Reduce -27.8% | 0.13% | −0.07 |
| DLN Wisdomtree US Largecap Divid | Reduce -11.5% | 0.21% | −0.05 |
| FDLO Fidelity Low Volat Fact ETF | Reduce -25.5% | 0.11% | −0.05 |
| BNDC NT Core Bond ETF | Reduce -3.1% | 0.27% | −0.05 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -4.0% | 0.33% | −0.05 |
| ICVT iShares Convertible Bond ETF | Reduce -18.9% | 0.14% | −0.04 |
| FMAT Fidelity MSCI Materials Indx | Reduce -5.7% | 0.23% | −0.04 |
| HYGV NT HY Val-SCRD BD ETF | Reduce -13.8% | 0.13% | −0.04 |
| TDTT NT Iboxx 3Y Dur Tips ETF | Reduce -4.5% | 0.18% | −0.04 |
| QDF NT Qual Div ETF | Reduce -11.1% | 0.16% | −0.03 |
| FLDR Fidelity Low Durat Fact ETF | Reduce -10.3% | 0.12% | −0.03 |
| SPLB SS SPDR P Long Term C ETF | Reduce -2.4% | 0.14% | −0.03 |
| XLI SS Industrial Select Sector | Reduce -7.3% | 0.23% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.1% | 0.96% | −0.02 |
| IQDF NT Intl Qual Div ETF | Reduce -8.1% | 0.13% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| FDMO Fidelity Momentum Factor ETF | Add +139.7% | 1.68% | +0.99 |
| EZU iShares MSCI Eurozone ETF | New | 0.99% | +0.99 |
| SMH Vaneck Semiconductor ETF | Add +2.4% | 5.97% | +0.89 |
| JAAA Janus Henderson Aaa Clo ETF | Add +128.5% | 1.32% | +0.66 |
| RWL Invesco S&P 500 Revenue ETF | Add +43.0% | 2.10% | +0.49 |
| ITW Illinois Tool Works | New | 0.45% | +0.45 |
| ECL Ecolab Inc. | New | 0.45% | +0.45 |
| GLDM SPDR Gold Minishares Trust | New | 0.43% | +0.43 |
| THRO iShares U.S. Thematic Rotati | New | 0.34% | +0.34 |
| EFV iShares MSCI Eafe Value ETF | Add +69.7% | 0.83% | +0.31 |
| NFLX Netflix Inc. | Add +0.7% | 1.45% | +0.30 |
| IAGG iShares Intl Aggregate Bond | New | 0.27% | +0.27 |
| IEMG iShares Core MSCI Emerging | Add +89.5% | 0.59% | +0.27 |
| VOO Vanguard S&P 500 ETF | Add +33.3% | 1.19% | +0.26 |
| UNH Unitedhealth Group Inc. | New | 0.25% | +0.25 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.7% | 5.25% | +0.25 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.14% | +0.14 |
| AVGO Broadcom Inc. | New | 0.14% | +0.14 |
| FNGS Microsectors Fang+ Etns | New | 0.13% | +0.13 |
| OEF iShares S&P 100 ETF | Add +58.8% | 0.34% | +0.12 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +10.4% | 1.00% | +0.12 |
| MA Mastercard Inc. Class A | New | 0.12% | +0.12 |
| BIV Vanguard Intermediate-Term B | Add +52.5% | 0.45% | +0.11 |
| IWF iShares Russell 1000 Growth | New | 0.11% | +0.11 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.11% | +0.11 |
| NVDA Nvidia Corp. | Add +5.1% | 0.38% | +0.09 |
| XLF SS Financial Select Sector | Add +28.6% | 0.58% | +0.09 |
| MTUM iShares MSCI USA Momentum Fa | Add +30.7% | 0.31% | +0.08 |
| IVE iShares S&P 500 Value ETF | Add +24.7% | 0.71% | +0.07 |
| SPMO Invesco S&P 500 Momentum ETF | Add +23.9% | 0.22% | +0.05 |
| TLH iShares 10-20 Year Treasury | Add +34.2% | 0.37% | +0.05 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +8.5% | 0.75% | +0.04 |
| BLV Vanguard Long-Term Bond ETF | Add +29.6% | 0.32% | +0.03 |
| AMZN Amazon.com Inc. | Add +18.5% | 0.19% | +0.03 |
| META Meta Platforms Inc. Class A | Add +2.5% | 0.24% | +0.03 |
| VXUS Vanguard Total Intl Stock | Add +8.3% | 0.66% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +15.6% | 0.78% | +0.03 |
| BSV Vanguard Short-Term Bond ETF | Add +18.1% | 0.63% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +31.6% | 0.15% | +0.02 |
| UWM Proshares Ultra RUSSELL2000 | Add +8.6% | 0.30% | +0.02 |
| EFG iShares MSCI Eafe Growth ETF | Add +7.3% | 0.34% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 0.45% | +0.01 |
| FISR SS Fi Sector Rotation | Add +22.0% | 0.22% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +10.5% | 0.21% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.2% | 2.09% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +6.6% | 0.13% | +0.00 |
| XLSR SS US Sector Rotation | Add +6.8% | 0.31% | +0.00 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.8% | 0.19% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Add +2.1% | 1.09% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +3.6% | 0.43% | −0.01 |
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 |