Absolute Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Absolute Capital Management, LLC reported 120 stock positions worth $233.4 million. Its top holding was Vaneck Semiconductor ETF (SMH) at 6.5% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.5%) and iShares Core Dividend ETF (DIVB, 3.9%). Compared with Q2 2025, it opened 20 new positions, sold out of 23, added to 64 and reduced 29. The biggest buy was a new position in Vanguard S&P 500 Growth ETF (VOOG) and the biggest sale an exit from Fidelity Momentum Factor ETF (FDMO).
- Most Recent 13F
- Q2 2026
- Location
- Pittsburgh, PA
- CIK
- 0001817648
- Portfolio Value
- $233.4M (Q3 2025)
- SEC Filing
- 0001172661-25-004547 ↗ filed Nov 3, 2025
Holdings Value
Holdings 120 stocks · $233.4M
| SMH Vaneck Semiconductor ETF | 6.55% | 46,832 | $15.3M | Add +9.9% |
| QQQ Invesco QQQ Trust Series 1 | 5.51% | 21,433 | $12.9M | Add +13.2% |
| DIVB iShares Core Dividend ETF | 3.93% | 175,513 | $9.2M | Add +45.0% |
| VLU SS SPDR S&P 1500 Value Tilt | 3.53% | 40,400 | $8.2M | Add +14.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.39% | 11,856 | $7.9M | Add +17.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.91% | 9 | $6.8M | No change |
| SOXX iShares Semiconductor ETF | 2.74% | 23,550 | $6.4M | No change |
| XLK SS Technology Select Sector | 2.69% | 22,282 | $6.3M | Reduce -16.8% |
| VOOG Vanguard S&P 500 Growth ETF | 2.43% | 13,010 | $5.7M | New |
| VOX Vanguard Communication Servi | 2.36% | 29,293 | $5.5M | Reduce -0.0% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 2.27% | 11,400 | $5.3M | No change |
| RWL Invesco S&P 500 Revenue ETF | 2.08% | 43,784 | $4.8M | Add +9.0% |
| JAAA Janus Henderson Aaa Clo ETF | 1.67% | 76,628 | $3.9M | Add +47.7% |
| VTWO Vanguard Russell 2000 ETF | 1.65% | 39,455 | $3.9M | New |
| GS Goldman Sachs Group Inc. | 1.48% | 4,325 | $3.4M | Add +0.9% |
| VOO Vanguard S&P 500 ETF | 1.41% | 5,363 | $3.3M | Add +28.9% |
| QUAL iShares MSCI USA Quality Fac | 1.37% | 16,487 | $3.2M | Reduce -6.9% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 1.36% | 10,800 | $3.2M | New |
| VEU Vanguard Ftse All-World Ex-U | 1.31% | 42,900 | $3.1M | New |
| IVV iShares Core S&P 500 ETF | 1.30% | 4,527 | $3.0M | Add +22.8% |
| VGT Vanguard Info Tech ETF | 1.29% | 4,043 | $3.0M | Reduce -17.0% |
| IWM iShares Russell 2000 ETF | 1.21% | 11,689 | $2.8M | Add +25.9% |
| VEA Vanguard Ftse Developed ETF | 1.18% | 46,073 | $2.8M | Add +21.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.17% | 5,679 | $2.7M | Add +24.7% |
| NFLX Netflix Inc. | 1.10% | 2,143 | $2.6M | Reduce -0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.09% | 13,623 | $2.6M | Add +56.0% |
| VDC Vanguard Consumer Staple ETF | 1.07% | 11,736 | $2.5M | Add +0.1% |
| USMV iShares MSCI USA Min Vol Fac | 1.07% | 26,324 | $2.5M | Reduce -26.9% |
| ITA iShares U.S. Aerospace & Def | 1.04% | 11,587 | $2.4M | Add +54.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.02% | 40,075 | $2.4M | Add +46.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.00% | 4,620 | $2.3M | Reduce -1.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.99% | 49,252 | $2.3M | Reduce -10.1% |
| IJR iShares Core S&P Small-Cap E | 0.98% | 19,195 | $2.3M | Reduce -0.2% |
| XLF SS Financial Select Sector | 0.95% | 41,133 | $2.2M | Add +85.8% |
| IVW iShares S&P 500 Growth ETF | 0.94% | 18,209 | $2.2M | Add +4.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.94% | 6,662 | $2.2M | Reduce -51.3% |
| MSFT Microsoft Corp. | 0.92% | 4,160 | $2.2M | Add +3.4% |
| IEMG iShares Core MSCI Emerging | 0.87% | 30,760 | $2.0M | Add +57.8% |
| COST Costco Wholesale Corp. | 0.87% | 2,188 | $2.0M | Reduce -0.6% |
| V Visa Inc. Class A | 0.85% | 5,842 | $2.0M | Add +0.7% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.82% | 48,218 | $1.9M | Add +40.0% |
| BNDX Vanguard Total Intl Bond ETF | 0.80% | 37,804 | $1.9M | Add +16.0% |
| ILCV iShares Morningstar Value Et | 0.79% | 20,500 | $1.8M | No change |
| IVE iShares S&P 500 Value ETF | 0.79% | 8,926 | $1.8M | Add +24.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.76% | 32,882 | $1.8M | Reduce -20.3% |
| EFV iShares MSCI Eafe Value ETF | 0.73% | 25,251 | $1.7M | Reduce -3.4% |
| OEF iShares S&P 100 ETF | 0.73% | 5,093 | $1.7M | Add +128.1% |
| CGGR Cap Group Growth Equity | 0.72% | 38,263 | $1.7M | Reduce -19.7% |
| DIVI Franklin International Core | 0.72% | 45,000 | $1.7M | No change |
| ILCG iShares Morningstar Growth E | 0.69% | 15,504 | $1.6M | Reduce -56.3% |
| VCLT Vanguard Long-Term Corp. Bond | 0.69% | 20,709 | $1.6M | Reduce -14.5% |
| IWB iShares Russell 1000 ETF | 0.69% | 4,389 | $1.6M | Reduce -1.8% |
| PWR Quanta Services Inc. | 0.66% | 3,700 | $1.5M | Add +146.7% |
| KRE SS SPDR S&P Regional Bank | 0.63% | 23,405 | $1.5M | New |
| VXUS Vanguard Total Intl Stock | 0.63% | 20,149 | $1.5M | Add +6.3% |
| BND Vanguard Total Bond Market | 0.63% | 19,761 | $1.5M | Add +45.0% |
| BSV Vanguard Short-Term Bond ETF | 0.56% | 16,455 | $1.3M | Add +2.7% |
| BSJS Invesco Bulletshares 2028 HY | 0.55% | 58,124 | $1.3M | New |
| BX Blackstone Inc. | 0.54% | 7,407 | $1.3M | No change |
| XBI SS SPDR S&P Biotech ETF | 0.53% | 12,300 | $1.2M | New |
| VGSH Vanguard Short-Term Treasury | 0.53% | 20,909 | $1.2M | New |
| VWO Vanguard Ftse Emerging Marke | 0.48% | 20,858 | $1.1M | Add +20.1% |
| FDVV Fidelity High Dividend ETF | 0.46% | 19,104 | $1.1M | New |
| JPM JPMorgan Chase & Co. | 0.41% | 3,063 | $966K | Reduce -0.1% |
| ECL Ecolab Inc. | 0.41% | 3,471 | $951K | Add +5.2% |
| TLH iShares 10-20 Year Treasury | 0.41% | 9,214 | $949K | Add +27.6% |
| NVDA Nvidia Corp. | 0.41% | 5,078 | $947K | Add +6.1% |
| ITW Illinois Tool Works | 0.41% | 3,626 | $946K | Add +0.5% |
| IJH iShares Core S&P Midcap ETF | 0.41% | 14,490 | $946K | Add +55.9% |
| BAI Ishrs AI in and Tech Act ETF | 0.40% | 27,657 | $945K | Add +181.2% |
| XLSR SS US Sector Rotation | 0.40% | 15,560 | $928K | Add +38.0% |
| BIV Vanguard Intermediate-Term B | 0.39% | 11,605 | $906K | Add +1.0% |
| THRO iShares U.S. Thematic Rotati | 0.38% | 23,712 | $898K | Add +24.2% |
| IBHF iShares Ibond 2026 HY & Inc. | 0.34% | 33,870 | $792K | Reduce -44.5% |
| AAPL Apple Inc. | 0.32% | 2,953 | $752K | Add +15.3% |
| BLV Vanguard Long-Term Bond ETF | 0.28% | 9,280 | $657K | Add +1.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.28% | 11,257 | $648K | Reduce -6.0% |
| MBB iShares MBS ETF | 0.28% | 6,787 | $646K | Add +6.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.27% | 14,875 | $636K | Add +90.8% |
| SPEM State Street SP PTF Em ETF | 0.27% | 13,578 | $636K | Add +52.5% |
| MTUM iShares MSCI USA Momentum Fa | 0.27% | 2,475 | $635K | Reduce -2.7% |
| VMBS Vanguard Mortgage-Backed Sec | 0.26% | 13,167 | $618K | Add +1.8% |
| IAGG iShares Intl Aggregate Bond | 0.26% | 11,669 | $598K | Add +10.6% |
| GOOGL Alphabet Inc. Class A | 0.24% | 2,292 | $557K | Add +10.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 2,181 | $556K | Add +26.6% |
| BNDC NT Core Bond ETF | 0.24% | 24,484 | $551K | Add +2.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.23% | 6,558 | $544K | Reduce -51.4% |
| IAU iShares Gold Trust | 0.22% | 7,131 | $519K | Add +67.2% |
| META Meta Platforms Inc. Class A | 0.21% | 674 | $495K | Add +4.2% |
| USHY iShares Broad Usd High Yield | 0.21% | 13,100 | $495K | New |
| BINC iShares Flex I A ETF-Usd Inc. | 0.21% | 9,135 | $486K | Add +17.5% |
| XLI SS Industrial Select Sector | 0.19% | 2,830 | $436K | Reduce -7.2% |
| AMZN Amazon.com Inc. | 0.19% | 1,986 | $436K | Add +13.9% |
| ICVT iShares Convertible Bond ETF | 0.18% | 4,235 | $424K | Add +41.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.18% | 9,139 | $423K | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.18% | 5,278 | $414K | Reduce -0.2% |
| GLDM SPDR Gold Minishares Trust | 0.16% | 4,844 | $370K | Reduce -63.1% |
| AVGO Broadcom Inc. | 0.16% | 1,100 | $363K | Add +7.4% |
| QDF NT Qual Div ETF | 0.16% | 4,559 | $362K | Add +3.5% |
| SCHI Schwab 5-10 Year Corporate B | 0.15% | 15,676 | $362K | New |
Portfolio Sells Q2 2025 → Q3 2025
| FDMO Fidelity Momentum Factor ETF | Sold out | 0.00% | −1.68 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -51.3% | 0.94% | −1.15 |
| ILCG iShares Morningstar Growth E | Reduce -56.3% | 0.69% | −1.04 |
| EZU iShares MSCI Eurozone ETF | Sold out | 0.00% | −0.99 |
| XLK SS Technology Select Sector | Reduce -16.8% | 2.69% | −0.72 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -26.9% | 1.07% | −0.63 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.58 |
| BSJQ Invesco Bulletshares 2026 HY | Sold out | 0.00% | −0.47 |
| DFUV Dimensional US Marketwide Va | Sold out | 0.00% | −0.44 |
| XHS SS SPDR S&P HC Services ETF | Sold out | 0.00% | −0.38 |
| IBHF iShares Ibond 2026 HY & Inc. | Reduce -44.5% | 0.34% | −0.37 |
| NFLX Netflix Inc. | Reduce -0.3% | 1.10% | −0.35 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -20.3% | 0.76% | −0.34 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −0.34 |
| VGT Vanguard Info Tech ETF | Reduce -17.0% | 1.29% | −0.33 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -51.4% | 0.23% | −0.33 |
| UWM Proshares Ultra RUSSELL2000 | Sold out | 0.00% | −0.30 |
| SHYG iShares 0-5 YR HY Corp. Bond | Sold out | 0.00% | −0.29 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -10.1% | 0.99% | −0.29 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.27 |
| GLDM SPDR Gold Minishares Trust | Reduce -63.1% | 0.16% | −0.27 |
| CGGR Cap Group Growth Equity | Reduce -19.7% | 0.72% | −0.25 |
| QUAL iShares MSCI USA Quality Fac | Reduce -6.9% | 1.37% | −0.25 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.25 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.25 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.24 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -14.5% | 0.69% | −0.23 |
| FMAT Fidelity MSCI Materials Indx | Sold out | 0.00% | −0.23 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.87% | −0.23 |
| FISR SS Fi Sector Rotation | Sold out | 0.00% | −0.22 |
| SPMO Invesco S&P 500 Momentum ETF | Sold out | 0.00% | −0.22 |
| DLN Wisdomtree US Largecap Divid | Sold out | 0.00% | −0.21 |
| XMHQ Invesco S&P Midcap Qual ETF | Sold out | 0.00% | −0.17 |
| VOX Vanguard Communication Servi | Reduce -0.0% | 2.36% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.4% | 1.00% | −0.15 |
| SPLB SS SPDR P Long Term C ETF | Sold out | 0.00% | −0.14 |
| FNGS Microsectors Fang+ Etns | Sold out | 0.00% | −0.13 |
| FLDR Fidelity Low Durat Fact ETF | Sold out | 0.00% | −0.12 |
| FDLO Fidelity Low Volat Fact ETF | Sold out | 0.00% | −0.11 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.11 |
| HYDB iShares High Yield Systemati | Reduce -44.3% | 0.09% | −0.10 |
| EFV iShares MSCI Eafe Value ETF | Reduce -3.4% | 0.73% | −0.10 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.2% | 0.98% | −0.08 |
| IWB iShares Russell 1000 ETF | Reduce -1.8% | 0.69% | −0.08 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -6.0% | 0.28% | −0.05 |
| XLI SS Industrial Select Sector | Reduce -7.2% | 0.19% | −0.04 |
| TDTT NT Iboxx 3Y Dur Tips ETF | Reduce -6.8% | 0.15% | −0.04 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -2.7% | 0.27% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 0.41% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -1.5% | 0.13% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| VOOG Vanguard S&P 500 Growth ETF | New | 2.43% | +2.43 |
| VTWO Vanguard Russell 2000 ETF | New | 1.65% | +1.65 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 1.36% | +1.36 |
| VEU Vanguard Ftse All-World Ex-U | New | 1.31% | +1.31 |
| DIVB iShares Core Dividend ETF | Add +45.0% | 3.93% | +0.87 |
| KRE SS SPDR S&P Regional Bank | New | 0.63% | +0.63 |
| SMH Vaneck Semiconductor ETF | Add +9.9% | 6.55% | +0.57 |
| BSJS Invesco Bulletshares 2028 HY | New | 0.55% | +0.55 |
| XBI SS SPDR S&P Biotech ETF | New | 0.53% | +0.53 |
| VGSH Vanguard Short-Term Treasury | New | 0.53% | +0.53 |
| FDVV Fidelity High Dividend ETF | New | 0.46% | +0.46 |
| OEF iShares S&P 100 ETF | Add +128.1% | 0.73% | +0.38 |
| PWR Quanta Services Inc. | Add +146.7% | 0.66% | +0.37 |
| XLF SS Financial Select Sector | Add +85.8% | 0.95% | +0.37 |
| JAAA Janus Henderson Aaa Clo ETF | Add +47.7% | 1.67% | +0.34 |
| ITA iShares U.S. Aerospace & Def | Add +54.1% | 1.04% | +0.33 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +56.0% | 1.09% | +0.31 |
| IEMG iShares Core MSCI Emerging | Add +57.8% | 0.87% | +0.28 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +46.4% | 1.02% | +0.27 |
| QQQ Invesco QQQ Trust Series 1 | Add +13.2% | 5.51% | +0.27 |
| BAI Ishrs AI in and Tech Act ETF | Add +181.2% | 0.40% | +0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +17.4% | 3.39% | +0.25 |
| VOO Vanguard S&P 500 ETF | Add +28.9% | 1.41% | +0.22 |
| USHY iShares Broad Usd High Yield | New | 0.21% | +0.21 |
| IWM iShares Russell 2000 ETF | Add +25.9% | 1.21% | +0.21 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.18% | +0.18 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +24.7% | 1.17% | +0.16 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +40.0% | 0.82% | +0.16 |
| SCHI Schwab 5-10 Year Corporate B | New | 0.15% | +0.15 |
| IVV iShares Core S&P 500 ETF | Add +22.8% | 1.30% | +0.15 |
| VLU SS SPDR S&P 1500 Value Tilt | Add +14.8% | 3.53% | +0.13 |
| BND Vanguard Total Bond Market | Add +45.0% | 0.63% | +0.13 |
| IJH iShares Core S&P Midcap ETF | Add +55.9% | 0.41% | +0.12 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +90.8% | 0.27% | +0.11 |
| CERY SS SPDR BBG En RY CM St N-Ui | New | 0.10% | +0.10 |
| VEA Vanguard Ftse Developed ETF | Add +21.7% | 1.18% | +0.10 |
| ABBV Abbvie Inc. | New | 0.10% | +0.10 |
| FTEC Fidelity MSCI Info Tech Indx | New | 0.10% | +0.10 |
| APUE Activepassive US Equity ETF | New | 0.09% | +0.09 |
| TSLA Tesla Inc. | New | 0.09% | +0.09 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.09% | +0.09 |
| IBDW iShares Ibonds Dec 2031 Corp. | New | 0.09% | +0.09 |
| IAU iShares Gold Trust | Add +67.2% | 0.22% | +0.09 |
| APH Amphenol Corp. Class A | New | 0.09% | +0.09 |
| XLSR SS US Sector Rotation | Add +38.0% | 0.40% | +0.09 |
| IVE iShares S&P 500 Value ETF | Add +24.3% | 0.79% | +0.08 |
| SPEM State Street SP PTF Em ETF | Add +52.5% | 0.27% | +0.08 |
| AAPL Apple Inc. | Add +15.3% | 0.32% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +10.8% | 0.24% | +0.06 |
| VWO Vanguard Ftse Emerging Marke | Add +20.1% | 0.48% | +0.05 |
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 |