Andina Capital Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Andina Capital Management, LLC reported 143 stock positions worth $165.4 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 6.2% of the portfolio, followed by Wisdomtree Floating Rate Tre (USFR, 4.8%) and Innovator US Eqy Accl-Quart (XDSQ, 4.4%). Compared with Q3 2025, it opened 10 new positions, sold out of 19, added to 83 and reduced 44. The biggest buy was FS KKR Capital (FSK, shares +48%) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −45%).

Most Recent 13F
Q2 2026
Location
LOGAN, UT
CIK
0001919158
Portfolio Value
$165.4M (Q4 2025)
SEC Filing
0001919158-26-000002 ↗ filed Feb 12, 2026

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 Q3 2025 Q4 2025: $165.4M $165.4M Q4 2025 Q1 2026: $111.5M Q1 2026 Q2 2026: $60.9M Q2 2026

Holdings 143 stocks · $165.4M
AGG iShares Core U.S. Aggregate 6.21% 102,860 $10.3M Add +5.4%
USFR Wisdomtree Floating Rate Tre 4.83% 158,782 $8.0M Reduce -44.5%
XDSQ Innovator US Eqy Accl-Quart 4.43% 175,993 $7.3M Add +2.9%
VEA Vanguard Ftse Developed ETF 4.35% 115,290 $7.2M Add +2.2%
BUFR FT Vest Lad Buffervetf-Usd I 3.72% 179,528 $6.2M Reduce -9.9%
VWO Vanguard Ftse Emerging Marke 3.54% 108,848 $5.9M Add +1.9%
VONG Vanguard Russell 1000 Growth 3.24% 43,989 $5.4M Reduce -0.3%
FSK FS KKR Capital Corp. 3.04% 339,084 $5.0M Add +48.1%
MTBA Simplify MBS ETF 2.09% 68,586 $3.5M Reduce -2.2%
JAAA Janus Henderson Aaa Clo ETF 2.03% 66,232 $3.4M Add +70.2%
VONV Vanguard Russell 1000 Value 1.95% 34,945 $3.2M Add +1.3%
FDIV Marketdsk Focused US DVD ETF 1.92% 117,369 $3.2M Add +2.9%
CRWV Coreweave Inc. Class A 1.91% 44,151 $3.2M Reduce -2.4%
SCHI Schwab 5-10 Year Corporate B 1.87% 134,766 $3.1M Add +8.3%
FLBL Franklin Senior Loan ETF 1.85% 130,443 $3.1M Reduce -11.3%
SMMD iShares Russell 2500 ETF 1.65% 36,366 $2.7M Add +2.6%
BUFF Innovator Laddered Allocatio 1.63% 54,168 $2.7M Add +7.8%
SPTL SS SPDR PF LNG TRM TSY E-Usd 1.58% 98,780 $2.6M Add +7.5%
JQUA JPMorgan US Quality Factor 1.57% 40,979 $2.6M Add +3.4%
NVDA Nvidia Corp. 1.43% 12,654 $2.4M Add +2.8%
BIL SS SPDR BB 1-3M T-Bill ETF 1.35% 24,497 $2.2M Add +8.9%
DFII FT Vest BTC Stra & TR in ETF 1.33% 123,398 $2.2M Add +85.7%
IBIT iShares Bitcoin Trust ETF 1.24% 41,314 $2.1M Add +29.5%
FMTM Mrktdsk Foc US Mmntm ETF 1.13% 58,324 $1.9M Add +1.6%
CEF Sprott Physical Gold and Sil 1.05% 37,798 $1.7M Reduce -12.4%
CTA Simplify Managed Futures St 0.96% 58,184 $1.6M Add +6.6%
AAPL Apple Inc. 0.91% 5,551 $1.5M Reduce -4.9%
TSLA Tesla Inc. 0.86% 3,166 $1.4M Add +5.5%
JEPI JPMorgan Equity Premium Inco 0.86% 24,817 $1.4M Reduce -5.9%
IEF iShares 7-10 Year Treasury B 0.79% 13,582 $1.3M Reduce -17.0%
IQLT iShares MSCI International Q 0.78% 28,310 $1.3M Add +3.1%
HYBB iShares BB Rated Corp. Bond 0.75% 26,345 $1.2M Add +7.3%
PHYS Sprott Physical Gold Trust 0.74% 36,990 $1.2M Reduce -19.5%
FIXD First Trust Smith Opportunis 0.66% 24,620 $1.1M Reduce -17.4%
ETHA iShares Ethereum Trust ETF 0.64% 47,310 $1.1M Add +37.1%
PAAA Pgim Aaa Clo ETF 0.62% 19,852 $1.0M Reduce -55.8%
MSFT Microsoft Corp. 0.61% 2,103 $1.0M Reduce -6.2%
QTOC Innovator Growth Accel PL-Oc 0.60% 28,905 $988K Add +1.2%
XTOC Innovator US Eqy Accel PL-Oc 0.58% 28,868 $966K Add +1.4%
KMLM Kraneshares MT LC MN FT Id S 0.56% 35,840 $930K Add +5.8%
BUCK Simplify Treasury Option Inc. 0.54% 37,513 $889K Reduce -4.4%
FTSL First Trust Senior Loan ETF 0.53% 19,125 $877K Reduce -75.1%
LHX L3HARRIS Technologies Inc. 0.50% 2,794 $820K Add +0.1%
BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.49% 26,106 $808K Add +3.4%
SVOL Simplify Volatility Premium 0.48% 45,676 $802K Reduce -16.1%
AVGO Broadcom Inc. 0.48% 2,300 $796K Reduce -2.4%
MSTR Strategy Inc. 0.47% 5,161 $784K Add +175.3%
VTI VG Morningstar TS MKT ETF-US 0.47% 2,303 $772K Add +4.9%
EA Electronic Arts Inc. 0.45% 3,622 $740K Add +0.5%
GOOG Alphabet Inc. Class C 0.44% 2,309 $725K Reduce -1.4%
AGGH Simplify Aggregate Bond ETF 0.43% 34,281 $710K Reduce -17.7%
BIZD Vaneck BDC Income ETF 0.43% 49,943 $708K Add +27.0%
QCOM Qualcomm Inc. 0.43% 4,134 $707K Add +2.2%
STIP iShares 0-5 Year Tips Bond E 0.42% 6,810 $697K Reduce -16.5%
AWI Armstrong World Industries 0.42% 3,610 $690K Add +3.6%
THC Tenet Healthcare Corp. 0.41% 3,387 $673K Add +0.8%
NFLX Netflix Inc. 0.40% 7,074 $663K Reduce -4.4%
MCO Moody's Corp. 0.40% 1,284 $656K Add +1.6%
RSP Invesco S&P 500 Equal Weight 0.39% 3,376 $647K Add +0.6%
CBOE Cboe Global Markets Inc. 0.38% 2,471 $620K Add +1.3%
FTDR Frontdoor Inc. 0.37% 10,738 $619K Add +4.7%
NYT New York Times Co. Class A 0.37% 8,814 $612K Add +1.7%
GOOGL Alphabet Inc. Class A 0.37% 1,945 $609K Reduce -25.5%
HEI Heico Corp. 0.37% 1,868 $604K Add +0.4%
AMZN Amazon.com Inc. 0.36% 2,604 $601K Reduce -12.6%
ZWS Zurn Elkay Water Solutions C 0.35% 12,618 $587K Add +1.6%
CNC Centene Corp. 0.34% 13,750 $566K Add +0.5%
RCL Royal Caribbean Cruises Ltd. 0.34% 2,022 $564K Reduce -16.6%
SLB SLB Ltd. filed as SLB LIMITED 0.34% 14,641 $562K Add +0.7%
APP AppLovin Corp. Class A 0.33% 817 $551K Add +4.9%
ITT Itt Inc. 0.33% 3,166 $549K Add +1.6%
MMS Maximus Inc. 0.33% 6,242 $539K Add +2.1%
CRM Salesforce Inc. 0.32% 1,995 $528K Add +5.2%
MSI Motorola Solutions Inc. 0.32% 1,375 $527K Add +4.7%
ZTS Zoetis Inc. 0.32% 4,171 $525K Add +9.1%
OPCH Option Care Health Inc. 0.31% 16,320 $520K Add +2.6%
WAB Wabtec Corp. 0.31% 2,435 $520K Reduce -0.7%
VST Vistra Corp. 0.31% 3,220 $519K Add +1.9%
VCIT Vanguard Int-Term Corporate 0.30% 5,999 $502K Reduce -20.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.30% 733 $500K Add +5.8%
IVV iShares Core S&P 500 ETF 0.29% 708 $485K New
SCHD Schwab US DVD Equity ETF 0.29% 17,505 $480K No change
RMD Resmed Inc. 0.29% 1,988 $479K Add +2.9%
VIGI Vanguard Int Div App Indx FD 0.29% 5,193 $475K Add +2.3%
MTCH Match Group Inc. 0.29% 14,657 $473K Add +3.4%
CTAS Cintas Corp. 0.28% 2,432 $457K Add +3.5%
DPZ Domino's Pizza Inc. 0.28% 1,097 $457K Add +3.1%
ALSN Allison Transmission Holding 0.27% 4,636 $454K Add +3.7%
ETN Eaton Corp. PLC 0.27% 1,401 $446K Add +1.2%
IR Ingersoll-Rand Inc. 0.27% 5,628 $446K Add +2.6%
IT Gartner Inc. 0.27% 1,767 $446K Add +2.9%
MRSH Marsh & McLennan Cos 0.26% 2,332 $433K Add +2.6%
IWL iShares Russell Top 200 ETF 0.26% 2,529 $432K Add +0.4%
JNJ Johnson & Johnson 0.26% 2,079 $430K Add +2.6%
SOXX iShares Semiconductor ETF 0.26% 1,426 $429K New
PAYX Paychex Inc. 0.26% 3,789 $425K Reduce -1.6%
CROX Crocs Inc. 0.26% 4,937 $422K Add +2.0%
BRK.B Berkshire Hathaway Inc. Class B 0.25% 830 $417K Add +32.2%
MAS Masco Corp. 0.25% 6,565 $417K Add +2.4%
BUFD FT VST Lad Deep Buf ETF-Usdi 0.25% 14,748 $416K Reduce -1.8%
VOO Vanguard S&P 500 ETF 0.25% 661 $415K New
META Meta Platforms Inc. Class A 0.25% 626 $413K Reduce -15.6%
GWW WW Grainger Inc. 0.25% 404 $408K Add +2.5%
IAU iShares Gold Trust 0.24% 4,972 $404K Reduce -0.9%
ACM Aecom 0.24% 4,233 $404K Add +1.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.24% 7,089 $390K Add +0.9%
AFRM Affirm Holdings Inc. 0.22% 4,926 $367K No change
MORN Morningstar Inc. 0.22% 1,662 $361K Add +3.9%
APRH Innov Prem Inc. 20 Barr-April 0.22% 14,554 $360K Reduce -12.0%
FDS Factset Research Systems Inc. 0.22% 1,236 $359K Add +4.2%
UNH Unitedhealth Group Inc. 0.22% 1,080 $357K Reduce -4.7%
VB Vanguard Most SM-Cap ETF-Usd 0.22% 1,380 $356K Add +21.9%
SLV iShares Silver Trust 0.21% 5,382 $347K Reduce -5.5%
PSI Invesco Semiconductors ETF 0.21% 4,325 $341K New
MA Mastercard Inc. Class A 0.19% 548 $313K Reduce -4.5%
V Visa Inc. Class A 0.19% 886 $311K Reduce -3.0%
SGOV iShares 0-3 Month Treasury B 0.19% 3,095 $311K Reduce -35.2%
XMHQ Invesco S&P Midcap Qual ETF 0.18% 2,933 $300K Reduce -0.4%
BSVO EA Bridgeway Omni Sm-Cp Val 0.18% 12,660 $295K No change
ONEQ Fidelity Nasdaq Comp Indx 0.17% 3,152 $288K Add +25.3%
LLY Eli Lilly & Co. 0.17% 265 $285K Reduce -13.7%
PG The Procter & Gamble Co. 0.17% 1,934 $277K Add +6.7%
XOM Exxon Mobil Corp. 0.16% 2,239 $269K Reduce -4.2%
KLAC KLA Corp. 0.16% 212 $258K Add +0.9%
SPGP Invesco S&P 500 Garp ETF 0.15% 2,214 $252K Reduce -7.2%
JPM JPMorgan Chase & Co. 0.15% 770 $248K Add +13.9%
IJH iShares Core S&P Midcap ETF 0.15% 3,755 $248K New
DFIV Dimensional International Va 0.15% 4,941 $247K No change
KO The Coca-Cola Co. 0.14% 3,388 $237K Add +7.2%
ADBE Adobe Inc. 0.14% 674 $236K Add +15.6%
AMAT Applied Materials Inc. 0.14% 893 $229K Reduce -15.4%
EOG EOG Resources Inc. 0.13% 2,095 $220K Add +9.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.13% 1,146 $219K New
WEAV Weave Communications Inc. 0.13% 28,670 $218K Reduce -19.2%
RS Reliance Inc. 0.13% 738 $213K No change
QQQ Invesco QQQ Trust Series 1 0.13% 340 $209K New
ANGX Angel Studios Inc. 0.11% 38,019 $178K New
DSU BlackRock Debt Strategies 0.10% 16,987 $173K Reduce -11.8%
FSCO FS Credit Opportunities Corp. 0.07% 18,650 $117K Add +1.4%
FEAM 5E Advanced Materials Inc. 0.05% 28,169 $86K No change
HUCK Huckleberry AI Inc. filed as DOMO INC 0.05% 10,005 $84K New
NAGE Niagen Bioscience Inc. 0.05% 12,850 $82K New
MNTK Montauk Renewables Inc. 0.04% 41,572 $69K Add +28.1%

Portfolio Sells Q3 2025 → Q4 2025
USFR Wisdomtree Floating Rate Tre Reduce -44.5% 4.83% −3.30
CRWV Coreweave Inc. Class A Reduce -2.4% 1.91% −1.59
FTSL First Trust Senior Loan ETF Reduce -75.1% 0.53% −1.46
MUB iShares National Muni Bond E Sold out 0.00% −0.70
PAAA Pgim Aaa Clo ETF Reduce -55.8% 0.62% −0.69
PSLV Sprott Physical Silver Trust Sold out 0.00% −0.25
VRNT Verint Systems Inc. Sold out 0.00% −0.24
COST Costco Wholesale Corp. Sold out 0.00% −0.24
SSRM SSR Mining Inc. Sold out 0.00% −0.20
IWD iShares Russell 1000 Value E Sold out 0.00% −0.16
FLBL Franklin Senior Loan ETF Reduce -11.3% 1.85% −0.15
LRCX Lam Research Corp. Sold out 0.00% −0.15
JHCP Jhancock Core Plus Bond ETF Sold out 0.00% −0.14
PSH Pgim Short Duration High YLD Sold out 0.00% −0.14
CDE Coeur Mining Inc. Sold out 0.00% −0.13
B Barrick Mining Corp. Sold out 0.00% −0.12
ANET Arista Networks Inc. Sold out 0.00% −0.12
MASI Masimo Corp. Sold out 0.00% −0.12
AG First Majestic Silver Corp. Sold out 0.00% −0.11
IEF iShares 7-10 Year Treasury B Reduce -17.0% 0.79% −0.10
RCL Royal Caribbean Cruises Ltd. Reduce -16.6% 0.34% −0.10
NFLX Netflix Inc. Reduce -4.4% 0.40% −0.10
FIXD First Trust Smith Opportunis Reduce -17.4% 0.66% −0.09
EQX Equinox Gold Corp. Sold out 0.00% −0.09
SGOV iShares 0-3 Month Treasury B Reduce -35.2% 0.19% −0.08
HL Hecla Mining Co. Sold out 0.00% −0.08
SVOL Simplify Volatility Premium Reduce -16.1% 0.48% −0.07
SVM Silvercorp Metals Inc. Sold out 0.00% −0.06
AGGH Simplify Aggregate Bond ETF Reduce -17.7% 0.43% −0.06
META Meta Platforms Inc. Class A Reduce -15.6% 0.25% −0.06
STIP iShares 0-5 Year Tips Bond E Reduce -16.5% 0.42% −0.06
VCIT Vanguard Int-Term Corporate Reduce -20.2% 0.30% −0.05
EXK Endeavour Silver Corp. Sold out 0.00% −0.05
BUFR FT Vest Lad Buffervetf-Usd I Reduce -9.9% 3.72% −0.04
MSFT Microsoft Corp. Reduce -6.2% 0.61% −0.04
ASM Avino Silver & Gold Mines Sold out 0.00% −0.04
PHYS Sprott Physical Gold Trust Reduce -19.5% 0.74% −0.03
PAYX Paychex Inc. Reduce -1.6% 0.26% −0.02
APRH Innov Prem Inc. 20 Barr-April Reduce -12.0% 0.22% −0.01
DSU BlackRock Debt Strategies Reduce -11.8% 0.10% −0.01
AMZN Amazon.com Inc. Reduce -12.6% 0.36% −0.01
UNH Unitedhealth Group Inc. Reduce -4.7% 0.22% −0.01
WEAV Weave Communications Inc. Reduce -19.2% 0.13% −0.00
SPGP Invesco S&P 500 Garp ETF Reduce -7.2% 0.15% −0.00
MA Mastercard Inc. Class A Reduce -4.5% 0.19% +0.00
XMHQ Invesco S&P Midcap Qual ETF Reduce -0.4% 0.18% +0.01
JEPI JPMorgan Equity Premium Inco Reduce -5.9% 0.86% +0.01
BUCK Simplify Treasury Option Inc. Reduce -4.4% 0.54% +0.01
GOOGL Alphabet Inc. Class A Reduce -25.5% 0.37% +0.01
V Visa Inc. Class A Reduce -3.0% 0.19% +0.01

Portfolio Buys Q3 2025 → Q4 2025
FSK FS KKR Capital Corp. Add +48.1% 3.04% +1.10
JAAA Janus Henderson Aaa Clo ETF Add +70.2% 2.03% +0.91
AGG iShares Core U.S. Aggregate Add +5.4% 6.21% +0.68
XDSQ Innovator US Eqy Accl-Quart Add +2.9% 4.43% +0.58
VEA Vanguard Ftse Developed ETF Add +2.2% 4.35% +0.53
DFII FT Vest BTC Stra & TR in ETF Add +85.7% 1.33% +0.43
IVV iShares Core S&P 500 ETF New 0.29% +0.29
VWO Vanguard Ftse Emerging Marke Add +1.9% 3.54% +0.27
SOXX iShares Semiconductor ETF New 0.26% +0.26
VOO Vanguard S&P 500 ETF New 0.25% +0.25
SCHI Schwab 5-10 Year Corporate B Add +8.3% 1.87% +0.25
BUFF Innovator Laddered Allocatio Add +7.8% 1.63% +0.25
VONV Vanguard Russell 1000 Value Add +1.3% 1.95% +0.21
PSI Invesco Semiconductors ETF New 0.21% +0.21
FDIV Marketdsk Focused US DVD ETF Add +2.9% 1.92% +0.19
BIL SS SPDR BB 1-3M T-Bill ETF Add +8.9% 1.35% +0.19
SPTL SS SPDR PF LNG TRM TSY E-Usd Add +7.5% 1.58% +0.18
SMMD iShares Russell 2500 ETF Add +2.6% 1.65% +0.17
FMTM Mrktdsk Foc US Mmntm ETF Add +1.6% 1.13% +0.16
JQUA JPMorgan US Quality Factor Add +3.4% 1.57% +0.16
IJH iShares Core S&P Midcap ETF New 0.15% +0.15
MSTR Strategy Inc. Add +175.3% 0.47% +0.13
VTV Vanguard Mrngstr Val ETF-Aui New 0.13% +0.13
NVDA Nvidia Corp. Add +2.8% 1.43% +0.13
QQQ Invesco QQQ Trust Series 1 New 0.13% +0.13
ANGX Angel Studios Inc. New 0.11% +0.11
TSLA Tesla Inc. Add +5.5% 0.86% +0.11
BIZD Vaneck BDC Income ETF Add +27.0% 0.43% +0.10
CTA Simplify Managed Futures St Add +6.6% 0.96% +0.10
HYBB iShares BB Rated Corp. Bond Add +7.3% 0.75% +0.09
IQLT iShares MSCI International Q Add +3.1% 0.78% +0.09
NYT New York Times Co. Class A Add +1.7% 0.37% +0.09
BRK.B Berkshire Hathaway Inc. Class B Add +32.2% 0.25% +0.07
IBIT iShares Bitcoin Trust ETF Add +29.5% 1.24% +0.07
CNC Centene Corp. Add +0.5% 0.34% +0.07
CRM Salesforce Inc. Add +5.2% 0.32% +0.07
OPCH Option Care Health Inc. Add +2.6% 0.31% +0.06
QTOC Innovator Growth Accel PL-Oc Add +1.2% 0.60% +0.06
ALSN Allison Transmission Holding Add +3.7% 0.27% +0.06
XTOC Innovator US Eqy Accel PL-Oc Add +1.4% 0.58% +0.06
VTI VG Morningstar TS MKT ETF-US Add +4.9% 0.47% +0.06
SLB SLB Ltd. Add +0.7% 0.34% +0.06
MCO Moody's Corp. Add +1.6% 0.40% +0.06
VB Vanguard Most SM-Cap ETF-Usd Add +21.9% 0.22% +0.05
HUCK Huckleberry AI Inc. New 0.05% +0.05
NAGE Niagen Bioscience Inc. New 0.05% +0.05
JNJ Johnson & Johnson Add +2.6% 0.26% +0.05
ONEQ Fidelity Nasdaq Comp Indx Add +25.3% 0.17% +0.05
QCOM Qualcomm Inc. Add +2.2% 0.43% +0.05
KMLM Kraneshares MT LC MN FT Id S Add +5.8% 0.56% +0.05

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