Allegheny Financial Group
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Allegheny Financial Group reported 248 stock positions worth $450.3 million. Its top holding was Putnam Focused LRG Cap Value (PVAL) at 8.8% of the portfolio, followed by Erie Indemnity Class A (ERIE, 5.1%) and NVR (NVR, 4.9%). Compared with Q1 2025, it opened 27 new positions, sold out of 9, added to 142 and reduced 55. The biggest buy was Putnam Focused LRG Cap Value (PVAL, shares +93%) and the biggest sale Fidelity Total Bond ETF (FBND, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- Pittsburgh, PA
- CIK
- 0001844148
- Portfolio Value
- $450.3M (Q2 2025)
- SEC Filing
- 0001085146-25-005018 ↗ filed Aug 13, 2025
Holdings Value
Holdings 248 stocks · $450.3M
| PVAL Putnam Focused LRG Cap Value | 8.82% | 987,572 | $39.7M | Add +93.0% |
| ERIE Erie Indemnity Company Class A | 5.05% | 65,641 | $22.8M | Add +0.0% |
| NVR NVR Inc. | 4.94% | 3,011 | $22.2M | Reduce -0.1% |
| DGRO iShares Core Dividend Growth | 4.40% | 309,976 | $19.8M | Reduce -0.2% |
| SCHG Schwab US Large-Cap Growth | 4.17% | 642,509 | $18.8M | Add +2.5% |
| ANSS Ansys Inc. | 4.03% | 51,680 | $18.2M | Add +0.0% |
| AAPL Apple Inc. | 3.59% | 78,823 | $16.2M | Add +0.7% |
| XOM Exxon Mobil Corp. | 3.04% | 127,122 | $13.7M | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.75% | 25,495 | $12.4M | Add +4.1% |
| MSFT Microsoft Corp. | 2.56% | 23,207 | $11.5M | Add +5.5% |
| IMCG iShares Morningstar Mid-Cap | 2.28% | 128,055 | $10.3M | Add +37.3% |
| FBTC Fidelity Wise Origin Bitcoin | 2.07% | 99,042 | $9.3M | Reduce -6.1% |
| PPG PPG Industries Inc. | 1.78% | 70,415 | $8.0M | Reduce -1.0% |
| RSP Invesco S&P 500 Equal Weight | 1.76% | 43,623 | $7.9M | Add +127.7% |
| LLY Eli Lilly & Co. | 1.40% | 8,059 | $6.3M | Add +2.1% |
| FBND Fidelity Total Bond ETF | 1.07% | 104,919 | $4.8M | Reduce -43.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.05% | 7,625 | $4.7M | Add +1.4% |
| FTRB Fed Hermes TTL RTRN BND | 0.99% | 176,833 | $4.4M | Add +350.1% |
| IJH iShares Core S&P Midcap ETF | 0.97% | 70,399 | $4.4M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.79% | 12,050 | $3.6M | Reduce -1.3% |
| IYR iShares US Real Estate ETF | 0.75% | 35,446 | $3.4M | Reduce -1.4% |
| VTWG Vanguard Russell 2000 Growth | 0.73% | 15,713 | $3.3M | Add +3.6% |
| IAGG iShares Intl Aggregate Bond | 0.72% | 63,417 | $3.2M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 0.66% | 13,521 | $3.0M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.64% | 9,914 | $2.9M | Add +1.3% |
| QLTY GMO U.S. Quality ETF | 0.63% | 82,842 | $2.8M | Add +197.8% |
| AVGO Broadcom Inc. | 0.63% | 10,278 | $2.8M | Add +2.1% |
| GOOG Alphabet Inc. Class C | 0.62% | 15,856 | $2.8M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.60% | 16,856 | $2.7M | Add +2.5% |
| IWF iShares Russell 1000 Growth | 0.57% | 6,013 | $2.6M | Add +2.5% |
| PM Philip Morris International | 0.56% | 13,804 | $2.5M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 0.54% | 3,895 | $2.4M | Add +33.4% |
| MRK Merck & Co. Inc. | 0.54% | 30,500 | $2.4M | Reduce -1.2% |
| PNC PNC Financial Services Group | 0.53% | 12,837 | $2.4M | Add +10.3% |
| GOOGL Alphabet Inc. Class A | 0.53% | 13,542 | $2.4M | Reduce -0.3% |
| IWD iShares Russell 1000 Value E | 0.53% | 12,199 | $2.4M | Reduce -3.6% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.51% | 18,682 | $2.3M | Add +15.5% |
| AMGN Amgen Inc. | 0.50% | 8,011 | $2.2M | Add +0.1% |
| IWB iShares Russell 1000 ETF | 0.48% | 6,351 | $2.2M | Add +17.8% |
| VTWV Vanguard Russell 2000 Value | 0.47% | 15,116 | $2.1M | Add +6.8% |
| IWP iShares Russell Mid-Cap Grow | 0.45% | 14,748 | $2.0M | Add +1.2% |
| COST Costco Wholesale Corp. | 0.45% | 2,029 | $2.0M | Add +0.9% |
| CAT Caterpillar Inc. | 0.45% | 5,168 | $2.0M | Add +29.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.44% | 6,501 | $2.0M | Add +7.6% |
| MFSG MFS Active Growth | 0.43% | 73,577 | $2.0M | New |
| IWN iShares Russell 2000 Value E | 0.43% | 12,302 | $1.9M | Add +44.4% |
| SUB iShares Short-Term National | 0.43% | 18,052 | $1.9M | Add +3.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.43% | 4,370 | $1.9M | Add +12.4% |
| AFL Aflac Inc. | 0.42% | 18,075 | $1.9M | Add +0.9% |
| BSX Boston Scientific Corp. | 0.42% | 17,680 | $1.9M | Add +0.1% |
| NVDA Nvidia Corp. | 0.42% | 11,990 | $1.9M | Add +6.1% |
| BYM BlackRock Muni Inc. QLTY | 0.39% | 168,283 | $1.8M | Reduce -12.7% |
| KMID Virtus Kar Mid-Cap ETF | 0.39% | 70,183 | $1.8M | New |
| JNJ Johnson & Johnson | 0.39% | 11,432 | $1.7M | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.39% | 9,348 | $1.7M | Add +0.3% |
| EFG iShares MSCI Eafe Growth ETF | 0.38% | 15,303 | $1.7M | Add +5.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.36% | 6,926 | $1.6M | Add +16.4% |
| T AT&T Inc. | 0.36% | 55,990 | $1.6M | Add +8.8% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.34% | 16,883 | $1.5M | Reduce -12.5% |
| GLD SPDR Gold Shares | 0.32% | 4,734 | $1.4M | Add +175.4% |
| VZ Verizon Communications Inc. | 0.32% | 32,922 | $1.4M | Add +1.1% |
| UNP Union Pacific Corp. | 0.31% | 6,134 | $1.4M | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.31% | 4,969 | $1.4M | Add +14.2% |
| HSY The Hershey Co. | 0.30% | 8,025 | $1.3M | Add +0.4% |
| MPC Marathon Petroleum Corp. | 0.28% | 7,689 | $1.3M | Add +0.1% |
| CI The Cigna Group | 0.28% | 3,826 | $1.3M | Add +1.4% |
| AXP American Express Co. | 0.28% | 3,920 | $1.3M | Reduce -14.2% |
| MMM 3M Co. | 0.27% | 8,089 | $1.2M | Add +128.6% |
| DE Deere & Co. | 0.27% | 2,421 | $1.2M | Add +8.8% |
| ETHO Amplify Etho Climate Leaders | 0.26% | 20,408 | $1.2M | Add +3.2% |
| HD Home Depot Inc. | 0.26% | 3,225 | $1.2M | Add +5.1% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 4,578 | $1.2M | Add +5.5% |
| IWS iShares Russell Mid-Cap Valu | 0.26% | 8,904 | $1.2M | Add +9.6% |
| IJR iShares Core S&P Small-Cap E | 0.26% | 10,641 | $1.2M | Add +19.8% |
| META Meta Platforms Inc. Class A | 0.25% | 1,543 | $1.1M | Add +1.0% |
| NEE Nextera Energy Inc. | 0.25% | 16,113 | $1.1M | Add +0.2% |
| PFE Pfizer Inc. | 0.25% | 45,649 | $1.1M | Add +3.8% |
| QUAL iShares MSCI USA Quality Fac | 0.25% | 6,051 | $1.1M | Add +5.9% |
| MO Altria Group Inc. | 0.25% | 18,837 | $1.1M | Add +15.6% |
| ISRG Intuitive Surgical Inc. | 0.24% | 2,029 | $1.1M | Add +0.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.24% | 12,070 | $1.1M | Add +1.3% |
| SO The Southern Co. | 0.24% | 11,877 | $1.1M | Add +0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 1,881 | $1.0M | Add +2.3% |
| ORCL Oracle Corp. | 0.23% | 4,732 | $1.0M | Add +0.7% |
| CVX Chevron Corp. | 0.23% | 7,225 | $1.0M | Reduce -6.7% |
| TT Trane Technologies PLC | 0.23% | 2,356 | $1.0M | Add +0.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.23% | 15,304 | $1.0M | Add +0.7% |
| JGRO JPMorgan Active Growth ETF | 0.23% | 11,869 | $1.0M | New |
| INN Summit Hotel Properties Inc. | 0.23% | 199,592 | $1.0M | Reduce -1.8% |
| SCZ iShares MSCI Eafe Small-Cap | 0.22% | 13,537 | $984K | Add +4.0% |
| GDX Vaneck Gold Miners ETF | 0.22% | 18,785 | $978K | Reduce -1.8% |
| ABT Abbott Laboratories | 0.22% | 7,131 | $970K | Add +0.5% |
| V Visa Inc. Class A | 0.21% | 2,664 | $946K | Add +2.2% |
| TSLA Tesla Inc. | 0.21% | 2,972 | $944K | Add +0.4% |
| COP Conocophillips | 0.21% | 10,445 | $937K | Add +19.3% |
| WMT Walmart Inc. | 0.21% | 9,470 | $926K | Add +26.5% |
| PPL PPL Corp. | 0.20% | 26,917 | $912K | Add +61.7% |
| NFLX Netflix Inc. | 0.20% | 672 | $901K | Reduce -1.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.20% | 5,083 | $899K | Add +17.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.20% | 2,000 | $890K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| FBND Fidelity Total Bond ETF | Reduce -43.2% | 1.07% | −1.09 |
| XOM Exxon Mobil Corp. | Reduce -0.4% | 3.04% | −0.85 |
| NVR NVR Inc. | Reduce -0.1% | 4.94% | −0.66 |
| DGRO iShares Core Dividend Growth | Reduce -0.2% | 4.40% | −0.52 |
| PPG PPG Industries Inc. | Reduce -1.0% | 1.78% | −0.22 |
| MRK Merck & Co. Inc. | Reduce -1.2% | 0.54% | −0.17 |
| BYM BlackRock Muni Inc. QLTY | Reduce -12.7% | 0.39% | −0.14 |
| IAGG iShares Intl Aggregate Bond | Reduce -5.2% | 0.72% | −0.14 |
| IYR iShares US Real Estate ETF | Reduce -1.4% | 0.75% | −0.14 |
| VEGN US Vegan Climate ETF | Reduce -63.9% | 0.07% | −0.13 |
| JNJ Johnson & Johnson | Reduce -1.1% | 0.39% | −0.10 |
| CVX Chevron Corp. | Reduce -6.7% | 0.23% | −0.10 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.4% | 0.97% | −0.10 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.10 |
| IWD iShares Russell 1000 Value E | Reduce -3.6% | 0.53% | −0.08 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.08 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -12.5% | 0.34% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -10.0% | 0.06% | −0.07 |
| VYM Vanguard High DVD Yield ETF | Reduce -33.5% | 0.10% | −0.07 |
| IWM iShares Russell 2000 ETF | Reduce -23.0% | 0.16% | −0.06 |
| INTC Intel Corp. | Sold out | 0.00% | −0.06 |
| INN Summit Hotel Properties Inc. | Reduce -1.8% | 0.23% | −0.06 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.06 |
| ICUI Icu Medical Inc. | Sold out | 0.00% | −0.05 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.05 |
| IJS iShares S&P Small-Cap 600 Va | Sold out | 0.00% | −0.05 |
| BTC Grayscale Bitcoin Mini ETF | Sold out | 0.00% | −0.05 |
| KO The Coca-Cola Co. | Reduce -4.5% | 0.20% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.2% | 0.08% | −0.04 |
| STGW Stagwell Inc. | Sold out | 0.00% | −0.04 |
| VXUS Vanguard Total Intl Stock | Reduce -28.1% | 0.09% | −0.04 |
| EQWL Invesco S&P 100 Equal Weight | Reduce -11.1% | 0.18% | −0.04 |
| AXP American Express Co. | Reduce -14.2% | 0.28% | −0.04 |
| DOW Dow Inc. | Reduce -0.3% | 0.07% | −0.04 |
| KMI Kinder Morgan Inc. | Reduce -31.5% | 0.06% | −0.04 |
| APD Air Products & Chemicals Inc. | Reduce -22.5% | 0.06% | −0.04 |
| MPLX MPLX LP | Reduce -15.6% | 0.08% | −0.04 |
| GIS General Mills Inc. | Reduce -16.1% | 0.06% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -7.6% | 0.17% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -5.0% | 0.09% | −0.03 |
| DGX Quest Diagnostics Inc. | Reduce -23.8% | 0.06% | −0.03 |
| AUGW Alianzim US Eq BFR20 Aug-Usd | Reduce -29.6% | 0.05% | −0.03 |
| GNL Global Net Lease Inc. | Reduce -3.5% | 0.09% | −0.02 |
| TLN Talen Energy Corp. | Reduce -37.1% | 0.09% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -8.1% | 0.14% | −0.02 |
| ACN Accenture PLC Class A | Reduce -2.9% | 0.07% | −0.02 |
| BAC Bank of America Corp. | Reduce -5.1% | 0.19% | −0.01 |
| NKE Nike Inc. Class B | Reduce -5.1% | 0.14% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -8.7% | 0.05% | −0.01 |
| MELI MercadoLibre Inc. | Reduce -27.7% | 0.05% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| PVAL Putnam Focused LRG Cap Value | Add +93.0% | 8.82% | +3.83 |
| RSP Invesco S&P 500 Equal Weight | Add +127.7% | 1.76% | +0.91 |
| FTRB Fed Hermes TTL RTRN BND | Add +350.1% | 0.99% | +0.73 |
| IMCG iShares Morningstar Mid-Cap | Add +37.3% | 2.28% | +0.57 |
| MSFT Microsoft Corp. | Add +5.5% | 2.56% | +0.45 |
| MFSG MFS Active Growth | New | 0.43% | +0.43 |
| QLTY GMO U.S. Quality ETF | Add +197.8% | 0.63% | +0.41 |
| KMID Virtus Kar Mid-Cap ETF | New | 0.39% | +0.39 |
| JGRO JPMorgan Active Growth ETF | New | 0.23% | +0.23 |
| AVGO Broadcom Inc. | Add +2.1% | 0.63% | +0.20 |
| GLD SPDR Gold Shares | Add +175.4% | 0.32% | +0.19 |
| MSTR Strategy Inc. | New | 0.18% | +0.18 |
| VTIP Vanguard Short-Term Tips | New | 0.18% | +0.18 |
| HELO JPMorgan Hedged Equity ETF | New | 0.16% | +0.16 |
| SCHG Schwab US Large-Cap Growth | Add +2.5% | 4.17% | +0.14 |
| MMM 3M Co. | Add +128.6% | 0.27% | +0.14 |
| IVV iShares Core S&P 500 ETF | Add +33.4% | 0.54% | +0.12 |
| CAT Caterpillar Inc. | Add +29.9% | 0.45% | +0.11 |
| NVDA Nvidia Corp. | Add +6.1% | 0.42% | +0.11 |
| IWN iShares Russell 2000 Value E | Add +44.4% | 0.43% | +0.10 |
| CAH Cardinal Health Inc. | New | 0.08% | +0.08 |
| CCJ Cameco Corp. | New | 0.07% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.07% | +0.07 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.07% | +0.07 |
| VEA Vanguard Ftse Developed ETF | New | 0.07% | +0.07 |
| ORCL Oracle Corp. | Add +0.7% | 0.23% | +0.06 |
| MUB iShares National Muni Bond E | New | 0.06% | +0.06 |
| COF Capital One Financial Corp. | New | 0.06% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +12.4% | 0.43% | +0.06 |
| CEG Constellation Energy | Add +2.4% | 0.19% | +0.06 |
| ASPI Asp Isotopes Inc. | New | 0.06% | +0.06 |
| CVNA Carvana Co. | Add +13.7% | 0.15% | +0.06 |
| IWB iShares Russell 1000 ETF | Add +17.8% | 0.48% | +0.05 |
| TDW Tidewater Inc. | New | 0.05% | +0.05 |
| XLK SS Technology Select Sector | New | 0.05% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.05% | +0.05 |
| GEV GE Vernova Inc. | Add +7.0% | 0.14% | +0.05 |
| FIS Fidelity National Info Serv | New | 0.05% | +0.05 |
| IYW iShares Ustechnology ETF | New | 0.05% | +0.05 |
| PPL PPL Corp. | Add +61.7% | 0.20% | +0.05 |
| GS Goldman Sachs Group Inc. | New | 0.05% | +0.05 |
| PDD PDD Holdings Inc. | New | 0.05% | +0.05 |
| VXF Vanguard Extended Market ETF | New | 0.05% | +0.05 |
| NDAQ Nasdaq Inc. | New | 0.05% | +0.05 |
| CGDV Cap Group Dividend Value | New | 0.05% | +0.05 |
| EHC Encompass Health Corp. | New | 0.05% | +0.05 |
| LHX L3HARRIS Technologies Inc. | New | 0.05% | +0.05 |
| WAB Wabtec Corp. | New | 0.05% | +0.05 |
| GE General Electric | Add +5.5% | 0.26% | +0.04 |
| WMT Walmart Inc. | Add +26.5% | 0.21% | +0.04 |
Notes & Other Activity Q1 2025 → Q2 2025
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | Sold out | 15,000 | $4Kbefore exit |
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 | 305 | $942.0M | PVAL, IMCG, DHLX, CDIG, JFLX |
| Q1 2026 | 290 | $741.8M | PVAL, DHLX, JFLX, CDIG, DGRO |
| Q4 2025 | 286 | $675.6M | PVAL, JFLX, CDIG, DHLX, DGRO |
| Q3 2025 | 263 | $535.2M | PVAL, JFLX, NVR, DGRO, ERIE |
| Q2 2025 | 248 | $450.3M | PVAL, ERIE, NVR, DGRO, SCHG |
| Q1 2025 | 230 | $390.1M | ERIE, NVR, PVAL, DGRO, AAPL |
| Q4 2024 | 229 | $388.3M | ERIE, NVR, AAPL, DGRO, ANSS |
| Q3 2024 | 241 | $405.1M | ERIE, NVR, DGRO, AAPL, ANSS |
| Q2 2024 | 220 | $348.5M | ERIE, NVR, ANSS, DGRO, AAPL |
| Q1 2024 | 204 | $324.0M | ERIE, NVR, ANSS, DGRO, SCHG |