Andina Capital Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Andina Capital Management, LLC reported 152 stock positions worth $177.0 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 8.1% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 5.5%) and Innovator US Eqy Accl-Quart (XDSQ, 3.9%). Compared with Q2 2025, it opened 14 new positions, sold out of 6, added to 88 and reduced 41. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +371%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −4%).

Most Recent 13F
Q2 2026
Location
LOGAN, UT
CIK
0001919158
Portfolio Value
$177.0M (Q3 2025)
SEC Filing
0001919158-25-000004 ↗ filed Oct 30, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $128.0M Q1 2024 Q2 2024: $133.1M Q2 2024 Q3 2024: $131.5M Q3 2024 Q4 2024: $122.7M Q4 2024 Q1 2025: $140.4M Q1 2025 Q2 2025: $142.8M Q2 2025 Q3 2025: $177.0M $177.0M Q3 2025 Q4 2025: $165.4M Q4 2025 Q1 2026: $111.5M Q1 2026 Q2 2026: $60.9M Q2 2026

Holdings 152 stocks · $177.0M
USFR Wisdomtree Floating Rate Tre 8.13% 286,370 $14.4M Add +371.4%
AGG iShares Core U.S. Aggregate 5.53% 97,588 $9.8M Reduce -3.7%
XDSQ Innovator US Eqy Accl-Quart 3.85% 170,986 $6.8M Add +6.8%
VEA Vanguard Ftse Developed ETF 3.82% 112,821 $6.8M Add +3.8%
BUFR FT Vest Lad Buffervetf-Usd I 3.76% 199,274 $6.7M Add +83.2%
CRWV Coreweave Inc. Class A 3.50% 45,236 $6.2M New
VWO Vanguard Ftse Emerging Marke 3.27% 106,873 $5.8M Add +3.9%
VONG Vanguard Russell 1000 Growth 3.01% 44,145 $5.3M Reduce -15.1%
FLBL Franklin Senior Loan ETF 2.00% 147,030 $3.5M Add +37.1%
MTBA Simplify MBS ETF 2.00% 70,135 $3.5M Reduce -9.3%
FTSL First Trust Senior Loan ETF 1.99% 76,882 $3.5M New
FSK FS KKR Capital Corp. 1.93% 228,975 $3.4M Add +75.5%
VONV Vanguard Russell 1000 Value 1.74% 34,512 $3.1M Reduce -7.1%
FDIV Marketdsk Focused US DVD ETF 1.73% 114,082 $3.1M Add +9.5%
SCHI Schwab 5-10 Year Corporate B 1.62% 124,483 $2.9M Reduce -6.8%
SMMD iShares Russell 2500 ETF 1.48% 35,449 $2.6M Reduce -9.0%
JQUA JPMorgan US Quality Factor 1.41% 39,638 $2.5M Add +7.4%
SPTL SS SPDR PF LNG TRM TSY E-Usd 1.40% 91,847 $2.5M Reduce -5.9%
BUFF Innovator Laddered Allocatio 1.39% 50,248 $2.5M Reduce -8.9%
PAAA Pgim Aaa Clo ETF 1.31% 44,902 $2.3M Add +49.4%
NVDA Nvidia Corp. 1.30% 12,306 $2.3M Reduce -13.3%
IBIT iShares Bitcoin Trust ETF 1.17% 31,895 $2.1M Add +9.1%
BIL SS SPDR BB 1-3M T-Bill ETF 1.17% 22,493 $2.1M Reduce -21.4%
JAAA Janus Henderson Aaa Clo ETF 1.12% 38,910 $2.0M Add +5.6%
FMTM Mrktdsk Foc US Mmntm ETF 0.97% 57,382 $1.7M Add +65.1%
DFII FT Vest BTC Stra & TR in ETF 0.90% 66,459 $1.6M New
CEF Sprott Physical Gold and Sil 0.90% 43,173 $1.6M Add +0.2%
IEF iShares 7-10 Year Treasury B 0.89% 16,361 $1.6M Add +0.4%
CTA Simplify Managed Futures St 0.86% 54,602 $1.5M Add +6.7%
JEPI JPMorgan Equity Premium Inco 0.85% 26,382 $1.5M Add +26.5%
AAPL Apple Inc. 0.84% 5,838 $1.5M Reduce -15.4%
PHYS Sprott Physical Gold Trust 0.77% 45,962 $1.4M No change
TSLA Tesla Inc. 0.75% 3,002 $1.3M Add +9.8%
FIXD First Trust Smith Opportunis 0.75% 29,801 $1.3M Reduce -9.7%
MUB iShares National Muni Bond E 0.70% 11,566 $1.2M Reduce -6.2%
IQLT iShares MSCI International Q 0.69% 27,460 $1.2M Add +13.1%
MSFT Microsoft Corp. 0.66% 2,242 $1.2M Reduce -18.4%
HYBB iShares BB Rated Corp. Bond 0.66% 24,541 $1.2M Reduce -10.4%
ETHA iShares Ethereum Trust ETF 0.61% 34,500 $1.1M Reduce -10.8%
SVOL Simplify Volatility Premium 0.55% 54,424 $980K Add +27.9%
QTOC Innovator Growth Accel PL-Oc 0.54% 28,555 $949K Add +7.4%
BUCK Simplify Treasury Option Inc. 0.53% 39,254 $936K Reduce -21.1%
XTOC Innovator US Eqy Accel PL-Oc 0.52% 28,457 $928K Add +8.2%
KMLM Kraneshares MT LC MN FT Id S 0.52% 33,883 $912K Add +2.6%
NFLX Netflix Inc. 0.50% 740 $887K Reduce -2.8%
BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.49% 25,247 $867K Add +5.6%
AGGH Simplify Aggregate Bond ETF 0.49% 41,648 $863K Add +5.4%
LHX L3HARRIS Technologies Inc. 0.48% 2,792 $853K No change
STIP iShares 0-5 Year Tips Bond E 0.48% 8,160 $843K Reduce -9.5%
RCL Royal Caribbean Cruises Ltd. 0.44% 2,423 $784K Add +21.1%
AVGO Broadcom Inc. 0.44% 2,356 $777K Reduce -11.3%
EA Electronic Arts Inc. 0.41% 3,603 $727K Add +1.2%
VTI VG Morningstar TS MKT ETF-US 0.41% 2,195 $720K Reduce -18.6%
FTDR Frontdoor Inc. 0.39% 10,255 $690K Add +5.0%
AWI Armstrong World Industries 0.39% 3,483 $683K Add +3.7%
THC Tenet Healthcare Corp. 0.39% 3,360 $682K Add +2.1%
QCOM Qualcomm Inc. 0.38% 4,044 $673K Add +3.2%
AMZN Amazon.com Inc. 0.37% 2,979 $654K Reduce -21.4%
RSP Invesco S&P 500 Equal Weight 0.36% 3,355 $637K Add +4.1%
GOOGL Alphabet Inc. Class A 0.36% 2,610 $635K Reduce -28.4%
VCIT Vanguard Int-Term Corporate 0.36% 7,514 $632K Reduce -9.6%
VST Vistra Corp. 0.35% 3,161 $619K Add +3.4%
MSTR Strategy Inc. 0.34% 1,875 $604K Add +170.6%
MCO Moody's Corp. 0.34% 1,264 $602K Add +2.2%
HEI Heico Corp. 0.34% 1,861 $601K Add +0.8%
MSI Motorola Solutions Inc. 0.34% 1,313 $600K Add +3.7%
CBOE Cboe Global Markets Inc. 0.34% 2,439 $598K Add +3.6%
BIZD Vaneck BDC Income ETF 0.33% 39,312 $587K Add +29.0%
ZWS Zurn Elkay Water Solutions C 0.33% 12,418 $584K Add +4.1%
GOOG Alphabet Inc. Class C 0.32% 2,341 $570K Add +20.3%
APP AppLovin Corp. Class A 0.32% 779 $560K Reduce -42.9%
ZTS Zoetis Inc. 0.32% 3,825 $560K Add +7.2%
MMS Maximus Inc. 0.32% 6,112 $558K Add +4.0%
ITT Itt Inc. 0.31% 3,117 $557K Add +3.9%
META Meta Platforms Inc. Class A 0.31% 742 $545K Reduce -14.7%
ACM Aecom 0.31% 4,171 $544K Add +4.1%
RMD Resmed Inc. 0.30% 1,932 $529K Add +4.2%
ETN Eaton Corp. PLC 0.29% 1,385 $518K Add +3.4%
MTCH Match Group Inc. 0.28% 14,173 $501K Add +4.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.28% 14,541 $500K Add +6.7%
NYT New York Times Co. Class A 0.28% 8,667 $497K Add +4.7%
WAB Wabtec Corp. 0.28% 2,453 $492K Add +7.3%
CNC Centene Corp. 0.28% 13,682 $488K Add +90.4%
PAYX Paychex Inc. 0.28% 3,851 $488K Add +7.6%
CTAS Cintas Corp. 0.27% 2,351 $482K Add +6.0%
SGOV iShares 0-3 Month Treasury B 0.27% 4,777 $481K Reduce -26.3%
SCHD Schwab US DVD Equity ETF 0.27% 17,505 $478K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 693 $461K Add +75.4%
DPZ Domino's Pizza Inc. 0.26% 1,064 $459K Add +6.9%
MRSH Marsh & McLennan Cos 0.26% 2,272 $458K Add +9.0%
VIGI Vanguard Int Div App Indx FD 0.26% 5,076 $455K Add +17.4%
IR Ingersoll-Rand Inc. 0.26% 5,483 $453K Add +7.9%
IT Gartner Inc. 0.26% 1,717 $451K Add +93.4%
MAS Masco Corp. 0.26% 6,411 $451K Add +6.4%
CRM Salesforce Inc. 0.25% 1,897 $450K Add +11.0%
OPCH Option Care Health Inc. 0.25% 15,901 $441K Add +7.8%
PSLV Sprott Physical Silver Trust 0.25% 28,100 $441K Add +0.4%
VRNT Verint Systems Inc. 0.24% 20,940 $424K Add +7.2%
COST Costco Wholesale Corp. 0.24% 452 $418K Reduce -21.8%
IWL iShares Russell Top 200 ETF 0.24% 2,518 $418K Add +4.2%
BUFD FT VST Lad Deep Buf ETF-Usdi 0.23% 15,012 $415K New
APRH Innov Prem Inc. 20 Barr-April 0.23% 16,545 $410K New
CROX Crocs Inc. 0.23% 4,842 $405K Add +15.3%
UNH Unitedhealth Group Inc. 0.22% 1,133 $391K Add +11.5%
ALSN Allison Transmission Holding 0.21% 4,471 $379K Add +15.5%
JNJ Johnson & Johnson 0.21% 2,027 $376K Add +3.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.21% 394 $375K Add +7.4%
MORN Morningstar Inc. 0.21% 1,600 $371K Add +14.9%
IAU iShares Gold Trust 0.21% 5,019 $365K Add +10.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.20% 7,028 $363K Add +5.1%
SSRM SSR Mining Inc. 0.20% 14,807 $361K Reduce -0.4%
AFRM Affirm Holdings Inc. 0.20% 4,926 $360K New
FDS Factset Research Systems Inc. 0.19% 1,186 $340K Add +22.9%
MA Mastercard Inc. Class A 0.18% 574 $326K Add +7.9%
BRK.B Berkshire Hathaway Inc. Class B 0.18% 628 $316K Add +37.1%
V Visa Inc. Class A 0.18% 913 $312K Reduce -21.8%
XMHQ Invesco S&P Midcap Qual ETF 0.17% 2,946 $309K Reduce -12.7%
VB Vanguard Most SM-Cap ETF-Usd 0.16% 1,132 $288K Add +12.1%
BSVO EA Bridgeway Omni Sm-Cp Val 0.16% 12,660 $287K No change
IWD iShares Russell 1000 Value E 0.16% 1,390 $283K Reduce -16.3%
PG The Procter & Gamble Co. 0.16% 1,812 $278K Add +8.0%
SPGP Invesco S&P 500 Garp ETF 0.15% 2,385 $271K Reduce -18.7%
XOM Exxon Mobil Corp. 0.15% 2,337 $263K Add +9.1%
LRCX Lam Research Corp. 0.15% 1,933 $259K Reduce -29.2%
JHCP Jhancock Core Plus Bond ETF filed as JOHN HANCOCK EXCHANGE TRADED 0.14% 9,928 $253K New
SLV iShares Silver Trust 0.14% 5,697 $241K New
PSH Pgim Short Duration High YLD 0.14% 4,712 $239K Add +4.1%
WEAV Weave Communications Inc. 0.13% 35,489 $237K Add +102.6%
LLY Eli Lilly & Co. 0.13% 307 $234K Reduce -15.4%
DFIV Dimensional International Va 0.13% 4,941 $228K Reduce -1.1%
KLAC KLA Corp. 0.13% 210 $227K Reduce -11.0%
CDE Coeur Mining Inc. 0.13% 11,970 $225K Reduce -0.3%
ONEQ Fidelity Nasdaq Comp Indx 0.13% 2,516 $224K New
B Barrick Mining Corp. 0.12% 6,613 $217K New
AMAT Applied Materials Inc. 0.12% 1,055 $216K New
EOG EOG Resources Inc. 0.12% 1,920 $215K Add +0.2%
JPM JPMorgan Chase & Co. 0.12% 676 $213K Reduce -20.4%
ANET Arista Networks Inc. 0.12% 1,455 $212K New
KO The Coca-Cola Co. 0.12% 3,162 $210K Add +6.6%
MASI Masimo Corp. 0.12% 1,420 $210K No change
RS Reliance Inc. 0.12% 738 $207K Reduce -4.0%
ADBE Adobe Inc. 0.12% 583 $206K Add +6.0%
DSU BlackRock Debt Strategies 0.12% 19,254 $204K New
AG First Majestic Silver Corp. 0.11% 16,100 $198K No change
EQX Equinox Gold Corp. 0.09% 13,910 $156K Add +0.4%
HL Hecla Mining Co. 0.08% 11,752 $142K Add +0.0%
FSCO FS Credit Opportunities Corp. 0.07% 18,399 $127K Reduce -9.0%
SVM Silvercorp Metals Inc. 0.06% 16,740 $106K No change
FEAM 5E Advanced Materials Inc. 0.06% 28,169 $98K No change
EXK Endeavour Silver Corp. 0.05% 11,385 $89K New
ASM Avino Silver & Gold Mines 0.04% 13,500 $71K No change
MNTK Montauk Renewables Inc. 0.04% 32,465 $65K Add +13.4%

Portfolio Sells Q2 2025 → Q3 2025
AGG iShares Core U.S. Aggregate Reduce -3.7% 5.53% −1.51
ZROZ PIMCO 25+ YR Zero CPN US Tif Sold out 0.00% −1.08
VONG Vanguard Russell 1000 Growth Reduce -15.1% 3.01% −0.97
EDV Vanguard Extended Dur Treas Sold out 0.00% −0.77
MTBA Simplify MBS ETF Reduce -9.3% 2.00% −0.72
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -21.4% 1.17% −0.67
SCHI Schwab 5-10 Year Corporate B Reduce -6.8% 1.62% −0.50
VONV Vanguard Russell 1000 Value Reduce -7.1% 1.74% −0.47
BUFF Innovator Laddered Allocatio Reduce -8.9% 1.39% −0.43
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -5.9% 1.40% −0.42
SMMD iShares Russell 2500 ETF Reduce -9.0% 1.48% −0.37
MSFT Microsoft Corp. Reduce -18.4% 0.66% −0.30
BUCK Simplify Treasury Option Inc. Reduce -21.1% 0.53% −0.29
NVDA Nvidia Corp. Reduce -13.3% 1.30% −0.27
FIXD First Trust Smith Opportunis Reduce -9.7% 0.75% −0.27
HYBB iShares BB Rated Corp. Bond Reduce -10.4% 0.66% −0.25
AMZN Amazon.com Inc. Reduce -21.4% 0.37% −0.21
NFLX Netflix Inc. Reduce -2.8% 0.50% −0.21
MUB iShares National Muni Bond E Reduce -6.2% 0.70% −0.21
SGOV iShares 0-3 Month Treasury B Reduce -26.3% 0.27% −0.19
STIP iShares 0-5 Year Tips Bond E Reduce -9.5% 0.48% −0.17
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.17
FINW Finwise Bancorp Sold out 0.00% −0.17
VTI VG Morningstar TS MKT ETF-US Reduce -18.6% 0.41% −0.17
COST Costco Wholesale Corp. Reduce -21.8% 0.24% −0.16
ADP Automatic Data Processing Sold out 0.00% −0.16
AAPL Apple Inc. Reduce -15.4% 0.84% −0.15
WMT Walmart Inc. Sold out 0.00% −0.14
META Meta Platforms Inc. Class A Reduce -14.7% 0.31% −0.14
VCIT Vanguard Int-Term Corporate Reduce -9.6% 0.36% −0.13
V Visa Inc. Class A Reduce -21.8% 0.18% −0.11
GOOGL Alphabet Inc. Class A Reduce -28.4% 0.36% −0.09
AVGO Broadcom Inc. Reduce -11.3% 0.44% −0.07
SPGP Invesco S&P 500 Garp ETF Reduce -18.7% 0.15% −0.07
IWD iShares Russell 1000 Value E Reduce -16.3% 0.16% −0.07
LLY Eli Lilly & Co. Reduce -15.4% 0.13% −0.07
XMHQ Invesco S&P Midcap Qual ETF Reduce -12.7% 0.17% −0.06
JPM JPMorgan Chase & Co. Reduce -20.4% 0.12% −0.05
RS Reliance Inc. Reduce -4.0% 0.12% −0.05
LRCX Lam Research Corp. Reduce -29.2% 0.15% −0.04
FSCO FS Credit Opportunities Corp. Reduce -9.0% 0.07% −0.03
DFIV Dimensional International Va Reduce -1.1% 0.13% −0.02
KLAC KLA Corp. Reduce -11.0% 0.13% −0.02
APP AppLovin Corp. Class A Reduce -42.9% 0.32% −0.02
CDE Coeur Mining Inc. Reduce -0.3% 0.13% +0.05
SSRM SSR Mining Inc. Reduce -0.4% 0.20% +0.07
ETHA iShares Ethereum Trust ETF Reduce -10.8% 0.61% +0.10

Portfolio Buys Q2 2025 → Q3 2025
USFR Wisdomtree Floating Rate Tre Add +371.4% 8.13% +5.99
CRWV Coreweave Inc. Class A New 3.50% +3.50
FTSL First Trust Senior Loan ETF New 1.99% +1.99
BUFR FT Vest Lad Buffervetf-Usd I Add +83.2% 3.76% +1.34
DFII FT Vest BTC Stra & TR in ETF New 0.90% +0.90
FMTM Mrktdsk Foc US Mmntm ETF Add +65.1% 0.97% +0.32
BUFD FT VST Lad Deep Buf ETF-Usdi New 0.23% +0.23
APRH Innov Prem Inc. 20 Barr-April New 0.23% +0.23
PAAA Pgim Aaa Clo ETF Add +49.4% 1.31% +0.22
AFRM Affirm Holdings Inc. New 0.20% +0.20
FLBL Franklin Senior Loan ETF Add +37.1% 2.00% +0.18
TSLA Tesla Inc. Add +9.8% 0.75% +0.15
MSTR Strategy Inc. Add +170.6% 0.34% +0.15
JHCP Jhancock Core Plus Bond ETF New 0.14% +0.14
SLV iShares Silver Trust New 0.14% +0.14
ONEQ Fidelity Nasdaq Comp Indx New 0.13% +0.13
B Barrick Mining Corp. New 0.12% +0.12
AMAT Applied Materials Inc. New 0.12% +0.12
ANET Arista Networks Inc. New 0.12% +0.12
DSU BlackRock Debt Strategies New 0.12% +0.12
SPY SS SPDR S&P 500 ETF Trust-US Add +75.4% 0.26% +0.09
GOOG Alphabet Inc. Class C Add +20.3% 0.32% +0.08
EXK Endeavour Silver Corp. New 0.05% +0.05
FSK FS KKR Capital Corp. Add +75.5% 1.93% +0.04
EQX Equinox Gold Corp. Add +0.4% 0.09% +0.03
WEAV Weave Communications Inc. Add +102.6% 0.13% +0.03
HL Hecla Mining Co. Add +0.0% 0.08% +0.03
MMS Maximus Inc. Add +4.0% 0.32% +0.03
ZWS Zurn Elkay Water Solutions C Add +4.1% 0.33% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +37.1% 0.18% +0.02
JEPI JPMorgan Equity Premium Inco Add +26.5% 0.85% +0.02
EA Electronic Arts Inc. Add +1.2% 0.41% +0.01
PSLV Sprott Physical Silver Trust Add +0.4% 0.25% +0.01
IAU iShares Gold Trust Add +10.2% 0.21% +0.01
SVOL Simplify Volatility Premium Add +27.9% 0.55% +0.01
RCL Royal Caribbean Cruises Ltd. Add +21.1% 0.44% +0.00
IT Gartner Inc. Add +93.4% 0.26% +0.00
AWI Armstrong World Industries Add +3.7% 0.39% +0.00
JNJ Johnson & Johnson Add +3.7% 0.21% +0.00
CNC Centene Corp. Add +90.4% 0.28% +0.00
UNH Unitedhealth Group Inc. Add +11.5% 0.22% −0.00
VB Vanguard Most SM-Cap ETF-Usd Add +12.1% 0.16% −0.01
MNTK Montauk Renewables Inc. Add +13.4% 0.04% −0.01
ACM Aecom Add +4.1% 0.31% −0.01
MTCH Match Group Inc. Add +4.2% 0.28% −0.01
XOM Exxon Mobil Corp. Add +9.1% 0.15% −0.01
CEF Sprott Physical Gold and Sil Add +0.2% 0.90% −0.01
FTDR Frontdoor Inc. Add +5.0% 0.39% −0.01
ITT Itt Inc. Add +3.9% 0.31% −0.01
BIZD Vaneck BDC Income ETF Add +29.0% 0.33% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 65$60.9MBUFR, SGOV, USFR, PAAA, VEA
Q1 2026 118$111.5MAGG, FSK, VEA, XDSQ, BUFR
Q4 2025 143$165.4MAGG, USFR, XDSQ, VEA, BUFR
Q3 2025 152$177.0MUSFR, AGG, XDSQ, VEA, BUFR
Q2 2025 144$142.8MAGG, VEA, XDSQ, VONG, VWO
Q1 2025 125$140.4MAGG, USFR, FIXD, XDSQ, BUFR
Q4 2024 107$122.7MAGG, FIXD, XDSQ, MTBA, JAAA
Q3 2024 111$131.5MFIXD, JAAA, AGG, MTBA, BUFR
Q2 2024 114$133.1MUSFR, TUA, JAAA, FIXD, AGG
Q1 2024 103$128.0MFIXD, USFR, JAAA, IUSB, BUFD