Allegheny Financial Group
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Allegheny Financial Group reported 263 stock positions worth $535.2 million. Its top holding was Putnam Focused LRG Cap Value (PVAL) at 11.3% of the portfolio, followed by JPMorgan Flexible Debt ETF (JFLX, 5.7%) and NVR (NVR, 4.5%). Compared with Q2 2025, it opened 26 new positions, sold out of 11, added to 115 and reduced 92. The biggest buy was a new position in JPMorgan Flexible Debt ETF (JFLX) and the biggest sale an exit from Ansys (ANSS).
- Most Recent 13F
- Q2 2026
- Location
- Pittsburgh, PA
- CIK
- 0001844148
- Portfolio Value
- $535.2M (Q3 2025)
- SEC Filing
- 0001844148-25-000003 ↗ filed Nov 6, 2025
Holdings Value
Holdings 263 stocks · $535.2M
| PVAL Putnam Focused LRG Cap Value | 11.34% | 1,420,552 | $60.7M | Add +43.8% |
| JFLX JPMorgan Flexible Debt ETF | 5.65% | 602,649 | $30.3M | New |
| NVR NVR Inc. | 4.49% | 2,992 | $24.0M | Reduce -0.6% |
| DGRO iShares Core Dividend Growth | 3.95% | 310,868 | $21.2M | Add +0.3% |
| ERIE Erie Indemnity Company Class A | 3.90% | 65,637 | $20.9M | Reduce -0.0% |
| SCHG Schwab US Large-Cap Growth | 3.86% | 646,788 | $20.6M | Add +0.7% |
| AAPL Apple Inc. | 3.71% | 77,930 | $19.8M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 2.66% | 126,404 | $14.3M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.41% | 25,656 | $12.9M | Add +0.6% |
| IMCG iShares Morningstar Mid-Cap | 2.32% | 149,820 | $12.4M | Add +17.0% |
| MSFT Microsoft Corp. | 2.26% | 23,368 | $12.1M | Add +0.7% |
| FBTC Fidelity Wise Origin Bitcoin | 1.89% | 101,492 | $10.1M | Add +2.5% |
| RSP Invesco S&P 500 Equal Weight | 1.67% | 47,203 | $9.0M | Add +8.2% |
| SNPS Synopsys Inc. | 1.54% | 16,718 | $8.2M | New |
| PPG PPG Industries Inc. | 1.38% | 70,428 | $7.4M | Add +0.0% |
| JGRO JPMorgan Active Growth ETF | 1.21% | 69,110 | $6.5M | Add +482.3% |
| FTRB Fed Hermes TTL RTRN BND | 1.20% | 253,500 | $6.4M | Add +43.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.17% | 9,361 | $6.2M | Add +22.8% |
| LLY Eli Lilly & Co. | 1.15% | 8,067 | $6.2M | Add +0.1% |
| IJH iShares Core S&P Midcap ETF | 0.90% | 73,789 | $4.8M | Add +4.8% |
| QLTY GMO U.S. Quality ETF | 0.82% | 121,548 | $4.4M | Add +46.7% |
| KMID Virtus Kar Mid-Cap ETF | 0.73% | 158,500 | $3.9M | Add +125.8% |
| GOOG Alphabet Inc. Class C | 0.71% | 15,663 | $3.8M | Reduce -1.2% |
| VTWG Vanguard Russell 2000 Growth | 0.71% | 16,197 | $3.8M | Add +3.1% |
| MFSG MFS Active Growth | 0.69% | 132,054 | $3.7M | Add +79.5% |
| IYR iShares US Real Estate ETF | 0.64% | 35,148 | $3.4M | Reduce -0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.63% | 12,002 | $3.4M | Reduce -0.4% |
| AVGO Broadcom Inc. | 0.63% | 10,187 | $3.4M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 0.60% | 13,300 | $3.2M | Reduce -1.8% |
| IAGG iShares Intl Aggregate Bond | 0.60% | 62,413 | $3.2M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 0.59% | 9,938 | $3.1M | Add +0.2% |
| CAT Caterpillar Inc. | 0.56% | 6,301 | $3.0M | Add +21.9% |
| AMZN Amazon.com Inc. | 0.56% | 13,660 | $3.0M | Add +1.0% |
| FBND Fidelity Total Bond ETF | 0.55% | 63,610 | $2.9M | Reduce -39.4% |
| IWF iShares Russell 1000 Growth | 0.54% | 6,125 | $2.9M | Add +1.9% |
| IVV iShares Core S&P 500 ETF | 0.52% | 4,128 | $2.8M | Add +6.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.49% | 5,510 | $2.6M | Add +26.1% |
| PNC PNC Financial Services Group | 0.49% | 13,014 | $2.6M | Add +1.4% |
| HELO JPMorgan Hedged Equity ETF | 0.48% | 39,852 | $2.6M | Add +238.4% |
| IWD iShares Russell 1000 Value E | 0.46% | 12,210 | $2.5M | Add +0.1% |
| MRK Merck & Co. Inc. | 0.46% | 29,570 | $2.5M | Reduce -3.0% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.46% | 19,085 | $2.5M | Add +2.2% |
| PG The Procter & Gamble Co. | 0.46% | 16,068 | $2.5M | Reduce -4.7% |
| VTWV Vanguard Russell 2000 Value | 0.46% | 15,675 | $2.4M | Add +3.7% |
| IWB iShares Russell 1000 ETF | 0.43% | 6,353 | $2.3M | Add +0.0% |
| IWP iShares Russell Mid-Cap Grow | 0.43% | 16,298 | $2.3M | Add +10.5% |
| PM Philip Morris International | 0.42% | 13,819 | $2.2M | Add +0.1% |
| NVDA Nvidia Corp. | 0.41% | 11,892 | $2.2M | Reduce -0.8% |
| IWN iShares Russell 2000 Value E | 0.41% | 12,338 | $2.2M | Add +0.3% |
| ABBV Abbvie Inc. | 0.39% | 9,047 | $2.1M | Reduce -3.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.39% | 6,379 | $2.1M | Reduce -1.9% |
| AFL Aflac Inc. | 0.37% | 17,952 | $2.0M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.36% | 10,470 | $1.9M | Reduce -8.4% |
| SUB iShares Short-Term National | 0.36% | 18,066 | $1.9M | Add +0.1% |
| CDIG City Dif Invest Global E ETF | 0.36% | 77,308 | $1.9M | New |
| UNP Union Pacific Corp. | 0.36% | 8,128 | $1.9M | Add +32.5% |
| COST Costco Wholesale Corp. | 0.35% | 2,037 | $1.9M | Add +0.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.35% | 7,377 | $1.9M | Add +6.5% |
| EFG iShares MSCI Eafe Growth ETF | 0.35% | 16,408 | $1.9M | Add +7.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.35% | 6,306 | $1.9M | Add +26.9% |
| BYM BlackRock Muni Inc. QLTY | 0.34% | 167,749 | $1.8M | Reduce -0.3% |
| BSX Boston Scientific Corp. | 0.32% | 17,670 | $1.7M | Reduce -0.1% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.31% | 17,045 | $1.6M | Add +1.0% |
| VZ Verizon Communications Inc. | 0.29% | 35,164 | $1.5M | Add +6.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 8,115 | $1.5M | Add +59.6% |
| HSY The Hershey Co. | 0.28% | 8,041 | $1.5M | Add +0.2% |
| MPC Marathon Petroleum Corp. | 0.28% | 7,666 | $1.5M | Reduce -0.3% |
| GDX Vaneck Gold Miners ETF | 0.27% | 18,628 | $1.4M | Reduce -0.8% |
| IWS iShares Russell Mid-Cap Valu | 0.26% | 10,110 | $1.4M | Add +13.5% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 4,569 | $1.4M | Reduce -0.2% |
| ETHO Amplify Etho Climate Leaders | 0.26% | 21,516 | $1.4M | Add +5.4% |
| ORCL Oracle Corp. | 0.26% | 4,868 | $1.4M | Add +2.9% |
| T AT&T Inc. | 0.25% | 46,781 | $1.3M | Reduce -16.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.25% | 12,080 | $1.3M | Add +0.1% |
| HD Home Depot Inc. | 0.24% | 3,226 | $1.3M | Add +0.0% |
| AXP American Express Co. | 0.24% | 3,916 | $1.3M | Reduce -0.1% |
| MO Altria Group Inc. | 0.24% | 19,622 | $1.3M | Add +4.2% |
| IJR iShares Core S&P Small-Cap E | 0.24% | 10,648 | $1.3M | Add +0.1% |
| MMM 3M Co. | 0.23% | 8,069 | $1.3M | Reduce -0.3% |
| SCZ iShares MSCI Eafe Small-Cap | 0.23% | 16,216 | $1.2M | Add +19.8% |
| NEE Nextera Energy Inc. | 0.22% | 15,812 | $1.2M | Reduce -1.9% |
| QUAL iShares MSCI USA Quality Fac | 0.21% | 5,836 | $1.1M | Reduce -3.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 1,872 | $1.1M | Reduce -0.5% |
| SO The Southern Co. | 0.21% | 11,859 | $1.1M | Reduce -0.1% |
| PFE Pfizer Inc. | 0.21% | 44,108 | $1.1M | Reduce -3.4% |
| CVX Chevron Corp. | 0.21% | 7,198 | $1.1M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 0.21% | 1,511 | $1.1M | Reduce -2.1% |
| DE Deere & Co. | 0.21% | 2,426 | $1.1M | Add +0.2% |
| CI The Cigna Group | 0.21% | 3,826 | $1.1M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.21% | 15,380 | $1.1M | Add +0.5% |
| TSLA Tesla Inc. | 0.19% | 2,331 | $1.0M | Reduce -21.6% |
| WMT Walmart Inc. | 0.19% | 9,975 | $1.0M | Add +5.3% |
| NSC Norfolk Southern Corp. | 0.19% | 3,404 | $1.0M | No change |
| PPL PPL Corp. | 0.19% | 27,044 | $1.0M | Add +0.5% |
| IWO iShares Russell 2000 Growth | 0.19% | 3,138 | $1.0M | Add +2.1% |
| TT Trane Technologies PLC | 0.19% | 2,354 | $993K | Reduce -0.1% |
| COP Conocophillips | 0.18% | 10,378 | $982K | Reduce -0.6% |
| DKS Dick's Sporting Goods Inc. | 0.18% | 4,396 | $977K | Reduce -0.8% |
| ABT Abbott Laboratories | 0.18% | 7,149 | $958K | Add +0.3% |
| SONO Sonos Inc. | 0.18% | 60,218 | $951K | New |
Portfolio Sells Q2 2025 → Q3 2025
| ANSS Ansys Inc. | Sold out | 0.00% | −4.03 |
| ERIE Erie Indemnity Company Class A | Reduce -0.0% | 3.90% | −1.15 |
| FBND Fidelity Total Bond ETF | Reduce -39.4% | 0.55% | −0.52 |
| NVR NVR Inc. | Reduce -0.6% | 4.49% | −0.45 |
| AMGN Amgen Inc. | Reduce -76.3% | 0.10% | −0.40 |
| XOM Exxon Mobil Corp. | Reduce -0.6% | 2.66% | −0.38 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.18 |
| GLD SPDR Gold Shares | Reduce -51.5% | 0.15% | −0.17 |
| IBM Intl Business Machines Corp. | Reduce -0.4% | 0.63% | −0.16 |
| PG The Procter & Gamble Co. | Reduce -4.7% | 0.46% | −0.14 |
| IAGG iShares Intl Aggregate Bond | Reduce -1.6% | 0.60% | −0.12 |
| FETH Fidelity Ethereum Fund | Sold out | 0.00% | −0.12 |
| T AT&T Inc. | Reduce -16.4% | 0.25% | −0.11 |
| IYR iShares US Real Estate ETF | Reduce -0.8% | 0.64% | −0.11 |
| BSX Boston Scientific Corp. | Reduce -0.1% | 0.32% | −0.10 |
| ISRG Intuitive Surgical Inc. | Reduce -0.4% | 0.17% | −0.08 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -3.0% | 0.46% | −0.07 |
| INN Summit Hotel Properties Inc. | Reduce -20.4% | 0.16% | −0.06 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.06 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.05 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −0.05 |
| BYM BlackRock Muni Inc. QLTY | Reduce -0.3% | 0.34% | −0.05 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.05 |
| AFL Aflac Inc. | Reduce -0.7% | 0.37% | −0.05 |
| ADP Automatic Data Processing | Reduce -21.0% | 0.08% | −0.05 |
| VALQ American Century US Quality | Sold out | 0.00% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.9% | 0.39% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -2.1% | 0.21% | −0.05 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.05 |
| WAB Wabtec Corp. | Sold out | 0.00% | −0.05 |
| XLI SS Industrial Select Sector | Reduce -27.2% | 0.08% | −0.04 |
| TT Trane Technologies PLC | Reduce -0.1% | 0.19% | −0.04 |
| MCD McDonald's Corp. | Reduce -14.2% | 0.13% | −0.04 |
| CEG Constellation Energy | Reduce -8.1% | 0.15% | −0.04 |
| MMM 3M Co. | Reduce -0.3% | 0.23% | −0.04 |
| EMR Emerson Electric Co. | Reduce -5.4% | 0.13% | −0.04 |
| PFE Pfizer Inc. | Reduce -3.4% | 0.21% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -3.9% | 0.14% | −0.04 |
| AXP American Express Co. | Reduce -0.1% | 0.24% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -3.5% | 0.21% | −0.03 |
| SO The Southern Co. | Reduce -0.1% | 0.21% | −0.03 |
| NKE Nike Inc. Class B | Reduce -5.4% | 0.11% | −0.03 |
| SNOW Snowflake Inc. | Reduce -17.5% | 0.07% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -4.0% | 0.14% | −0.03 |
| URTY Proshares Ultrapro RUSS2000 | Reduce -41.6% | 0.05% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -1.9% | 0.22% | −0.03 |
| JNJ Johnson & Johnson | Reduce -8.4% | 0.36% | −0.03 |
| COP Conocophillips | Reduce -0.6% | 0.18% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.9% | 0.08% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| JFLX JPMorgan Flexible Debt ETF | New | 5.65% | +5.65 |
| PVAL Putnam Focused LRG Cap Value | Add +43.8% | 11.34% | +2.52 |
| SNPS Synopsys Inc. | New | 1.54% | +1.54 |
| JGRO JPMorgan Active Growth ETF | Add +482.3% | 1.21% | +0.98 |
| CDIG City Dif Invest Global E ETF | New | 0.36% | +0.36 |
| KMID Virtus Kar Mid-Cap ETF | Add +125.8% | 0.73% | +0.34 |
| HELO JPMorgan Hedged Equity ETF | Add +238.4% | 0.48% | +0.32 |
| MFSG MFS Active Growth | Add +79.5% | 0.69% | +0.26 |
| FTRB Fed Hermes TTL RTRN BND | Add +43.4% | 1.20% | +0.22 |
| QLTY GMO U.S. Quality ETF | Add +46.7% | 0.82% | +0.19 |
| SONO Sonos Inc. | New | 0.18% | +0.18 |
| PRCS Parnassus Core Select ETF | New | 0.17% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.8% | 1.17% | +0.12 |
| CAT Caterpillar Inc. | Add +21.9% | 0.56% | +0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +59.6% | 0.28% | +0.08 |
| FEGE First Eagle GL Equity ETF | New | 0.07% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +26.1% | 0.49% | +0.07 |
| IEFA iShares Core MSCI Eafe ETF | Add +152.2% | 0.12% | +0.06 |
| D Dominion Energy Inc. | New | 0.06% | +0.06 |
| IAU iShares Gold Trust | New | 0.05% | +0.05 |
| INTC Intel Corp. | New | 0.05% | +0.05 |
| UNP Union Pacific Corp. | Add +32.5% | 0.36% | +0.05 |
| IEMG iShares Core MSCI Emerging | New | 0.04% | +0.04 |
| VTWO Vanguard Russell 2000 ETF | New | 0.04% | +0.04 |
| BP BP PLC-Spons ADR | New | 0.04% | +0.04 |
| VAL Valaris Ltd. | New | 0.04% | +0.04 |
| INSM Insmed Inc. | New | 0.04% | +0.04 |
| DTE DTE Energy Company | New | 0.04% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | New | 0.04% | +0.04 |
| URTH iShares MSCI World ETF | New | 0.04% | +0.04 |
| PRF Invesco Rafi US 1000 ETF | New | 0.04% | +0.04 |
| IWV iShares Russell 3000 ETF | New | 0.04% | +0.04 |
| MOG.A Moog Inc. Class A | New | 0.04% | +0.04 |
| TRV The Travelers Cos Inc. | New | 0.04% | +0.04 |
| MOG.B Moog Inc. Class B | New | 0.04% | +0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +26.9% | 0.35% | +0.04 |
| IMCG iShares Morningstar Mid-Cap | Add +17.0% | 2.32% | +0.03 |
| FLYW Flywire Corp.-Voting | New | 0.03% | +0.03 |
| IHS Ihs Holding Ltd. | New | 0.03% | +0.03 |
| ORCL Oracle Corp. | Add +2.9% | 0.26% | +0.03 |
| TDW Tidewater Inc. | Add +45.4% | 0.08% | +0.02 |
| F Ford Motor Co. | New | 0.02% | +0.02 |
| IMPP Imperial Petroleum Inc. | Add +6.5% | 0.07% | +0.02 |
| EFV iShares MSCI Eafe Value ETF | Add +35.0% | 0.12% | +0.02 |
| SCZ iShares MSCI Eafe Small-Cap | Add +19.8% | 0.23% | +0.01 |
| VSS Vanguard Ftse All Wo X-US SC | Add +32.5% | 0.09% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +30.9% | 0.08% | +0.01 |
| PDD PDD Holdings Inc. | Add +15.8% | 0.06% | +0.01 |
| TSHA Taysha Gene Therapies Inc. | New | 0.01% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +18.4% | 0.11% | +0.01 |
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 |