In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Alpha Wealth Funds, LLC reported 48 stock positions worth $148.9 million . Its top holding was iShares 0-3 Month Treasury B (SGOV) at 70.8% of the portfolio, followed by Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 3.7% ) and Alphabet Class C (GOOG, 3.4% ). Compared with Q3 2025, it opened 13 new positions, sold out of 12, added to 14 and reduced 10. The biggest buy was FS KKR Capital (FSK, shares +197% ) and the biggest sale an exit from Axon Enterprise (AXON).
Location PARK CITY, UT
CIK 0002059327
Portfolio Value $148.9M (Q4 2025) Holdings 48 stocks · $148.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 SGOV iShares 0-3 Month Treasury B 1,051,068 $105.5M Add +23.4% LQD Ishr Ibx Usd Invgd CB ETF-Ui 50,107 $5.5M Add +61.1% GOOG Alphabet Inc. Class C 16,010 $5.0M Add +0.0% SPY SS SPDR S&P 500 ETF Trust-US 5,169 $3.5M Add +3.6% BIZD Vaneck BDC Income ETF 176,061 $2.5M Add +153.6% FSK FS KKR Capital Corp. 166,364 $2.5M Add +196.9% MDY State Street SPDR S&P Midcap 3,031 $1.8M Add +0.1% IJR iShares Core S&P Small-Cap E 13,143 $1.6M Reduce -1.0% ET Energy Transfer LP 89,500 $1.5M No change IXUS iShares Core Intl Stock ETF 15,957 $1.4M Reduce -1.2% ROK Rockwell Automation Inc. 3,083 $1.2M No change AMAT Applied Materials Inc. 4,500 $1.2M Add +28.6% XLK SS Technology Select Sector 7,036 $1.0M Reduce -2.0% APPF Appfolio Inc. Class A 4,000 $921K Add +2.6% XLY SS Consumer Disc Select Sect 7,341 $877K Reduce -2.3% NVDA Nvidia Corp. 4,569 $852K Add +0.5% NUE Nucor Corp. 5,007 $848K New XBI SS SPDR S&P Biotech ETF 5,893 $719K Reduce -3.6% AMGN Amgen Inc. 2,005 $656K No change BOTZ Global X Robotics & Artifici 16,376 $593K Reduce -2.6% INTC Intel Corp. 15,000 $593K No change CAT Caterpillar Inc. 1,000 $573K No change VTI VG Morningstar TS MKT ETF-US 3,418 $558K Add +0.3% MRVL Marvell Technology Inc. 6,000 $537K Add +20.0% GLD SPDR Gold Shares 1,345 $533K Reduce -10.3% XLV SS Health Care Select Sector 3,418 $529K Reduce -2.4% NKE Nike Inc. Class B 7,032 $445K New LLY Eli Lilly & Co. 400 $431K Reduce -66.7% OKTA Okta Inc. 5,000 $423K New NFLX Netflix Inc. 4,197 $394K New PLTR Palantir Technologies Inc. Class A 2,066 $367K New NSC Norfolk Southern Corp. 1,200 $345K New FISV Fiserv Inc. 5,200 $341K New UNH Unitedhealth Group Inc. 1,000 $337K No change DXCM Dexcom Inc. 5,000 $332K New FLNC Fluence Energy Inc. 13,000 $300K No change TMUS T-Mobile US Inc. 1,300 $259K New NBIS Nebius Group NV 3,000 $251K Add +50.0% AMZN Amazon.com Inc. 1,067 $246K Reduce -55.8% MRVI Maravai Lifesciences Hldgs-A 72,000 $245K No change BSM Black Stone Minerals LP 16,200 $219K No change ROP Roper Technologies Inc. 500 $217K New BHVN Biohaven Ltd. 19,400 $210K New LSCC Lattice Semiconductor Corp. 2,000 $157K New CLF Cleveland-Cliffs Inc. 10,182 $138K Add +1.8% ACHR Archer Aviation Inc. Class A 10,000 $81K No change LAC Lithium Americas Corp. 15,696 $75K New BHC Bausch Health Cos Inc. 10,000 $72K No change
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T calls ($12.4M), SPDR GOLD TR calls ($213K), NETFLIX INC. calls ($200K).
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ AXON Axon Enterprise Inc. Sold out 0.00% −0.94 AMD Advanced Micro Devices Sold out 0.00% −0.46 LLY Eli Lilly & Co. Reduce -66.7% 0.29% −0.43 ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −0.35 AKAM Akamai Technologies Inc. Sold out 0.00% −0.33 AMZN Amazon.com Inc. Reduce -55.8% 0.17% −0.26 IJR iShares Core S&P Small-Cap E Reduce -1.0% 1.06% −0.23 LRCX Lam Research Corp. Sold out 0.00% −0.20 DT Dynatrace Inc. Sold out 0.00% −0.19 IXUS iShares Core Intl Stock ETF Reduce -1.2% 0.91% −0.18 KKR KKR & Co. Inc. Sold out 0.00% −0.17 CRWV Coreweave Inc. Class A Sold out 0.00% −0.17 XLY SS Consumer Disc Select Sect Reduce -2.3% 0.59% −0.15 XLK SS Technology Select Sector Reduce -2.0% 0.68% −0.15 EVGO Evgo Inc. Sold out 0.00% −0.14 UA Under Armour Inc. Class C Sold out 0.00% −0.09 BOTZ Global X Robotics & Artifici Reduce -2.6% 0.40% −0.09 POST Post Holdings Inc. Sold out 0.00% −0.08 GLD SPDR Gold Shares Reduce -10.3% 0.36% −0.08 WOOF Petco Health and Wellness Co. Sold out 0.00% −0.08 XLV SS Health Care Select Sector Reduce -2.4% 0.36% −0.04 XBI SS SPDR S&P Biotech ETF Reduce -3.6% 0.48% −0.02
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ FSK FS KKR Capital Corp. Add +196.9% 1.65% +0.97 LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +61.1% 3.71% +0.87 BIZD Vaneck BDC Income ETF Add +153.6% 1.68% +0.83 SGOV iShares 0-3 Month Treasury B Add +23.4% 70.85% +0.67 NUE Nucor Corp. New 0.57% +0.57 NKE Nike Inc. Class B New 0.30% +0.30 OKTA Okta Inc. New 0.28% +0.28 NFLX Netflix Inc. New 0.26% +0.26 PLTR Palantir Technologies Inc. Class A New 0.25% +0.25 NSC Norfolk Southern Corp. New 0.23% +0.23 FISV Fiserv Inc. New 0.23% +0.23 DXCM Dexcom Inc. New 0.22% +0.22 TMUS T-Mobile US Inc. New 0.17% +0.17 ROP Roper Technologies Inc. New 0.15% +0.15 BHVN Biohaven Ltd. New 0.14% +0.14 AMAT Applied Materials Inc. Add +28.6% 0.81% +0.13 LSCC Lattice Semiconductor Corp. New 0.11% +0.11 LAC Lithium Americas Corp. New 0.05% +0.05 MRVL Marvell Technology Inc. Add +20.0% 0.36% +0.01 CLF Cleveland-Cliffs Inc. Add +1.8% 0.09% −0.01 NBIS Nebius Group NV Add +50.0% 0.17% −0.02 GOOG Alphabet Inc. Class C Add +0.0% 3.39% −0.07 VTI VG Morningstar TS MKT ETF-US Add +0.3% 0.37% −0.07 NVDA Nvidia Corp. Add +0.5% 0.57% −0.12 MDY State Street SPDR S&P Midcap Add +0.1% 1.23% −0.25 APPF Appfolio Inc. Class A Add +2.6% 0.62% −0.25 SPY SS SPDR S&P 500 ETF Trust-US Add +3.6% 2.37% −0.35
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ STATE STR SPDR S&P 500 ETF T call Add +2.1% 1,172 $12.4M SPDR GOLD TR call New 31 $213K NETFLIX INC. call New 120 $200K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025 Security Class Change vs Q3 2025 Shares / Principal Value ▼ UKOMW Ucommune International -CW25 *W EXP 11/01/202 Sold out 100,096 $691before 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 60 $161.5M SGOV, SPY, LQD, BIZD, FSK Q1 2026 39 $140.5M SGOV, GOOG, SPY, BIZD, LQD Q4 2025 48 $148.9M SGOV, LQD, GOOG, SPY, BIZD Q3 2025 47 $122.2M SGOV, GOOG, LQD, SPY, MDY Q2 2025 Amended 44 $106.9M SGOV, TQQQ, SPY, LQD, GOOG Q1 2025 36 $92.1M SGOV, SPY, LQD, MDY, ET Q4 2024 50 $95.6M SGOV, SPY, XLV, AAPL, GRAL