Andina Capital Management, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 17, 2026), Andina Capital Management, LLC reported 118 stock positions worth $111.5 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 7.0% of the portfolio, followed by FS KKR Capital (FSK, 5.1%) and Vanguard Ftse Developed ETF (VEA, 4.8%). Compared with Q4 2025, it opened 38 new positions, sold out of 63, added to 10 and reduced 65. The biggest buy was FS KKR Capital (FSK, shares +66%) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −50%).

Most Recent 13F
Q2 2026
Location
LOGAN, UT
CIK
0001919158
Portfolio Value
$111.5M (Q1 2026)
SEC Filing
0001919158-26-000004 ↗ filed Apr 17, 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 Q4 2025 Q1 2026: $111.5M $111.5M Q1 2026 Q2 2026: $60.9M Q2 2026

Holdings 118 stocks · $111.5M
AGG iShares Core U.S. Aggregate 7.00% 78,574 $7.8M Reduce -23.6%
FSK FS KKR Capital Corp. 5.14% 563,305 $5.7M Add +66.1%
VEA Vanguard Ftse Developed ETF 4.80% 83,532 $5.4M Reduce -27.6%
XDSQ Innovator US Eqy Accl-Quart 4.64% 130,813 $5.2M Reduce -25.7%
BUFR FT Vest Lad Buffervetf-Usd I 4.42% 145,962 $4.9M Reduce -18.7%
VWO Vanguard Ftse Emerging Marke 3.95% 81,383 $4.4M Reduce -25.2%
USFR Wisdomtree Floating Rate Tre 3.62% 80,071 $4.0M Reduce -49.6%
VONG Vanguard Russell 1000 Growth 3.06% 31,133 $3.4M Reduce -29.2%
SCHI Schwab 5-10 Year Corporate B 2.19% 107,602 $2.4M Reduce -20.2%
FDIV Marketdsk Focused US DVD ETF 2.17% 90,693 $2.4M Reduce -22.7%
VONV Vanguard Russell 1000 Value 2.12% 25,169 $2.4M Reduce -28.0%
MTBA Simplify MBS ETF 2.03% 45,725 $2.3M Reduce -33.3%
BUFF Innovator Laddered Allocatio 1.86% 42,023 $2.1M Reduce -22.4%
SPTL SS SPDR PF LNG TRM TSY E-Usd 1.78% 75,321 $2.0M Reduce -23.8%
SMMD iShares Russell 2500 ETF 1.71% 25,020 $1.9M Reduce -31.2%
CRWV Coreweave Inc. Class A 1.70% 24,486 $1.9M Reduce -44.5%
JQUA JPMorgan US Quality Factor 1.68% 30,488 $1.9M Reduce -25.6%
DFII FT Vest BTC Stra & TR in ETF 1.66% 138,929 $1.8M Add +12.6%
FLBL Franklin Senior Loan ETF 1.56% 75,727 $1.7M Reduce -42.0%
JAAA Janus Henderson Aaa Clo ETF 1.41% 31,282 $1.6M Reduce -52.8%
IBIT iShares Bitcoin Trust ETF 1.40% 40,509 $1.6M Reduce -1.9%
FMTM Mrktdsk Foc US Mmntm ETF 1.28% 40,907 $1.4M Reduce -29.9%
CTA Simplify Managed Futures St 1.20% 44,415 $1.3M Reduce -23.7%
PHYS Sprott Physical Gold Trust 1.18% 36,990 $1.3M No change
MSTR Strategy Inc. 1.01% 9,011 $1.1M Add +74.6%
JEPI JPMorgan Equity Premium Inco 0.98% 19,195 $1.1M Reduce -22.6%
BIL SS SPDR BB 1-3M T-Bill ETF 0.92% 11,144 $1.0M Reduce -54.5%
TSLA Tesla Inc. 0.88% 2,646 $984K Reduce -16.4%
IQLT iShares MSCI International Q 0.88% 21,113 $976K Reduce -25.4%
LHX L3HARRIS Technologies Inc. 0.86% 2,792 $964K Reduce -0.1%
HYBB iShares BB Rated Corp. Bond 0.84% 20,253 $942K Reduce -23.1%
CEF Sprott Physical Gold and Sil 0.84% 19,509 $931K Reduce -48.4%
KMLM Kraneshares MT LC MN FT Id S 0.74% 29,225 $824K Reduce -18.5%
BUCK Simplify Treasury Option Inc. 0.70% 33,225 $781K Reduce -11.4%
NVDA Nvidia Corp. 0.68% 4,374 $763K Reduce -65.4%
ETHA iShares Ethereum Trust ETF 0.63% 44,026 $697K Reduce -6.9%
AAPL Apple Inc. 0.62% 2,731 $693K Reduce -50.8%
BIZD Vaneck BDC Income ETF 0.58% 50,100 $641K Add +0.3%
BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.55% 17,045 $610K Reduce -34.7%
FHI Federated Hermes Inc. 0.51% 10,040 $569K New
IEF iShares 7-10 Year Treasury B 0.51% 5,954 $568K Reduce -56.2%
USDX Sgi Enhanced Core ETF 0.51% 22,100 $567K New
NFLX Netflix Inc. 0.50% 5,801 $558K Reduce -18.0%
SCHD Schwab US DVD Equity ETF 0.48% 17,466 $536K Reduce -0.2%
FTI Technipfmc PLC 0.48% 7,693 $532K New
CALM Cal-Maine Foods Inc. 0.47% 6,676 $528K New
OII Oceaneering Intl Inc. 0.47% 14,766 $524K New
LRCX Lam Research Corp. 0.47% 2,444 $522K New
PAAA Pgim Aaa Clo ETF 0.46% 10,123 $518K Reduce -49.0%
KLAC KLA Corp. 0.42% 321 $473K Add +51.4%
FIXD First Trust Smith Opportunis 0.40% 10,225 $446K Reduce -58.5%
CSTM Constellium SE 0.40% 18,114 $445K New
HALO Halozyme Therapeutics Inc. 0.40% 6,834 $442K New
SOXX iShares Semiconductor ETF 0.39% 1,337 $439K Reduce -6.2%
MCO Moody's Corp. 0.39% 1,002 $437K Reduce -22.0%
AWI Armstrong World Industries 0.38% 2,585 $426K Reduce -28.4%
IVV iShares Core S&P 500 ETF 0.38% 650 $425K Reduce -8.2%
FTNT Fortinet Inc. 0.38% 5,188 $424K New
LLY Eli Lilly & Co. 0.38% 456 $419K Add +72.1%
ULS Ul Solutions Inc. Class A 0.37% 4,869 $417K New
HWM Howmet Aerospace Inc. 0.37% 1,804 $416K New
ADP Automatic Data Processing 0.37% 2,008 $408K New
IPAR Interparfums Inc. 0.36% 4,436 $403K New
TT Trane Technologies PLC 0.36% 957 $399K New
AUPH Aurinia Pharmaceuticals Inc. 0.36% 26,851 $398K New
PJT PJT Partners Inc. Class A 0.36% 2,843 $397K New
CARG Cargurus Inc. 0.36% 11,657 $397K New
VOO Vanguard S&P 500 ETF 0.35% 659 $394K Reduce -0.3%
AU Anglogold Ashanti PLC 0.35% 4,038 $393K New
WDFC WD-40 Co. 0.34% 1,873 $382K New
CDE Coeur Mining Inc. 0.34% 20,132 $378K New
PFLT Pennantpark Floating Rate Ca 0.34% 46,947 $377K New
FRPT Freshpet Inc. 0.34% 6,393 $377K New
FERG Ferguson Enterprises Inc. 0.34% 1,615 $377K New
MSFT Microsoft Corp. 0.34% 1,009 $374K Reduce -52.0%
SFM Sprouts Farmers Market Inc. 0.33% 4,759 $367K New
RL Ralph Lauren Corp. 0.33% 1,067 $367K New
KGC Kinross Gold Corp. 0.33% 12,024 $367K New
INCY Incyte Corp. 0.32% 3,826 $360K New
VTI VG Morningstar TS MKT ETF-US 0.32% 1,122 $360K Reduce -51.3%
ALLE Allegion PLC 0.32% 2,470 $359K New
VIGI Vanguard Int Div App Indx FD 0.31% 3,957 $350K Reduce -23.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.31% 6,284 $349K New
DAVE Dave Inc. 0.31% 1,996 $347K New
CTAS Cintas Corp. 0.31% 2,046 $346K Reduce -15.9%
PTC PTC Inc. 0.30% 2,355 $336K New
LDOS Leidos Holdings Inc. 0.30% 2,124 $330K New
TRIP Tripadvisor Inc. 0.29% 30,468 $325K New
AGGH Simplify Aggregate Bond ETF 0.29% 15,853 $323K Reduce -53.8%
BSVO EA Bridgeway Omni Sm-Cp Val 0.29% 12,660 $321K No change
CHKP Check Point Software Tech 0.28% 2,221 $317K New
SPY SS SPDR S&P 500 ETF Trust-US 0.28% 480 $312K Reduce -34.5%
IDXX Idexx Laboratories Inc. 0.28% 551 $310K New
APP AppLovin Corp. Class A 0.28% 777 $309K Reduce -4.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 6,136 $299K Reduce -13.4%
STIP iShares 0-5 Year Tips Bond E 0.26% 2,849 $295K Reduce -58.2%
TMUS T-Mobile US Inc. 0.26% 1,377 $289K New
IJH iShares Core S&P Midcap ETF 0.25% 4,061 $274K Add +8.2%
ONEQ Fidelity Nasdaq Comp Indx 0.24% 3,152 $268K No change
FSCO FS Credit Opportunities Corp. 0.23% 50,876 $259K Add +172.8%

Show all 118 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
SecurityClassShares / PrincipalValueChange
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 22,309$1.6MNew

Total filed on the 13F, all lines: $113.1M.

Portfolio Sells Q4 2025 → Q1 2026
USFR Wisdomtree Floating Rate Tre Reduce -49.6% 3.62% −1.21
NVDA Nvidia Corp. Reduce -65.4% 0.68% −0.74
JAAA Janus Henderson Aaa Clo ETF Reduce -52.8% 1.41% −0.61
QTOC Innovator Growth Accel PL-Oc Sold out 0.00% −0.60
XTOC Innovator US Eqy Accel PL-Oc Sold out 0.00% −0.58
FTSL First Trust Senior Loan ETF Sold out 0.00% −0.53
SVOL Simplify Volatility Premium Sold out 0.00% −0.48
AVGO Broadcom Inc. Sold out 0.00% −0.48
EA Electronic Arts Inc. Sold out 0.00% −0.45
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -54.5% 0.92% −0.44
QCOM Qualcomm Inc. Sold out 0.00% −0.43
THC Tenet Healthcare Corp. Sold out 0.00% −0.41
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.39
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.38
FTDR Frontdoor Inc. Sold out 0.00% −0.37
NYT New York Times Co. Class A Sold out 0.00% −0.37
HEI Heico Corp. Sold out 0.00% −0.37
ZWS Zurn Elkay Water Solutions C Sold out 0.00% −0.35
CNC Centene Corp. Sold out 0.00% −0.34
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.34
SLB SLB Ltd. Sold out 0.00% −0.34
ITT Itt Inc. Sold out 0.00% −0.33
MMS Maximus Inc. Sold out 0.00% −0.33
CRM Salesforce Inc. Sold out 0.00% −0.32
MSI Motorola Solutions Inc. Sold out 0.00% −0.32
ZTS Zoetis Inc. Sold out 0.00% −0.32
OPCH Option Care Health Inc. Sold out 0.00% −0.31
WAB Wabtec Corp. Sold out 0.00% −0.31
VST Vistra Corp. Sold out 0.00% −0.31
AAPL Apple Inc. Reduce -50.8% 0.62% −0.29
RMD Resmed Inc. Sold out 0.00% −0.29
MTCH Match Group Inc. Sold out 0.00% −0.29
FLBL Franklin Senior Loan ETF Reduce -42.0% 1.56% −0.28
IEF iShares 7-10 Year Treasury B Reduce -56.2% 0.51% −0.28
MSFT Microsoft Corp. Reduce -52.0% 0.34% −0.28
DPZ Domino's Pizza Inc. Sold out 0.00% −0.28
ALSN Allison Transmission Holding Sold out 0.00% −0.27
ETN Eaton Corp. PLC Sold out 0.00% −0.27
IR Ingersoll-Rand Inc. Sold out 0.00% −0.27
IT Gartner Inc. Sold out 0.00% −0.27
MRSH Marsh & McLennan Cos Sold out 0.00% −0.26
IWL iShares Russell Top 200 ETF Sold out 0.00% −0.26
JNJ Johnson & Johnson Sold out 0.00% −0.26
FIXD First Trust Smith Opportunis Reduce -58.5% 0.40% −0.26
PAYX Paychex Inc. Sold out 0.00% −0.26
CROX Crocs Inc. Sold out 0.00% −0.26
MAS Masco Corp. Sold out 0.00% −0.25
META Meta Platforms Inc. Class A Sold out 0.00% −0.25
GWW WW Grainger Inc. Sold out 0.00% −0.25
GOOG Alphabet Inc. Class C Reduce -67.6% 0.19% −0.25

Portfolio Buys Q4 2025 → Q1 2026
FSK FS KKR Capital Corp. Add +66.1% 5.14% +2.11
MSTR Strategy Inc. Add +74.6% 1.01% +0.53
FHI Federated Hermes Inc. New 0.51% +0.51
USDX Sgi Enhanced Core ETF New 0.51% +0.51
FTI Technipfmc PLC New 0.48% +0.48
CALM Cal-Maine Foods Inc. New 0.47% +0.47
OII Oceaneering Intl Inc. New 0.47% +0.47
LRCX Lam Research Corp. New 0.47% +0.47
CSTM Constellium SE New 0.40% +0.40
HALO Halozyme Therapeutics Inc. New 0.40% +0.40
FTNT Fortinet Inc. New 0.38% +0.38
ULS Ul Solutions Inc. Class A New 0.37% +0.37
HWM Howmet Aerospace Inc. New 0.37% +0.37
ADP Automatic Data Processing New 0.37% +0.37
IPAR Interparfums Inc. New 0.36% +0.36
TT Trane Technologies PLC New 0.36% +0.36
AUPH Aurinia Pharmaceuticals Inc. New 0.36% +0.36
PJT PJT Partners Inc. Class A New 0.36% +0.36
CARG Cargurus Inc. New 0.36% +0.36
AU Anglogold Ashanti PLC New 0.35% +0.35
WDFC WD-40 Co. New 0.34% +0.34
CDE Coeur Mining Inc. New 0.34% +0.34
PFLT Pennantpark Floating Rate Ca New 0.34% +0.34
FRPT Freshpet Inc. New 0.34% +0.34
FERG Ferguson Enterprises Inc. New 0.34% +0.34
SFM Sprouts Farmers Market Inc. New 0.33% +0.33
KGC Kinross Gold Corp. New 0.33% +0.33
RL Ralph Lauren Corp. New 0.33% +0.33
DFII FT Vest BTC Stra & TR in ETF Add +12.6% 1.66% +0.33
INCY Incyte Corp. New 0.32% +0.32
ALLE Allegion PLC New 0.32% +0.32
JEPQ JPM Nasdaq Equity Premium New 0.31% +0.31
DAVE Dave Inc. New 0.31% +0.31
PTC PTC Inc. New 0.30% +0.30
LDOS Leidos Holdings Inc. New 0.30% +0.30
TRIP Tripadvisor Inc. New 0.29% +0.29
CHKP Check Point Software Tech New 0.28% +0.28
IDXX Idexx Laboratories Inc. New 0.28% +0.28
KLAC KLA Corp. Add +51.4% 0.42% +0.27
TMUS T-Mobile US Inc. New 0.26% +0.26
MASI Masimo Corp. New 0.23% +0.23
LLY Eli Lilly & Co. Add +72.1% 0.38% +0.20
MRK Merck & Co. Inc. New 0.18% +0.18
FSCO FS Credit Opportunities Corp. Add +172.8% 0.23% +0.16
BIZD Vaneck BDC Income ETF Add +0.3% 0.58% +0.15
IJH iShares Core S&P Midcap ETF Add +8.2% 0.25% +0.10
NAGE Niagen Bioscience Inc. Add +9.9% 0.06% +0.01
FEAM 5E Advanced Materials Inc. Add +5.3% 0.04% −0.01

Notes & Other Activity Q4 2025 → Q1 2026
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF New 22,309 $1.6M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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