Arax Advisory Partners

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Arax Advisory Partners reported 3,022 stock positions worth $2.2 billion. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 4.2% of the portfolio, followed by Vanguard Mrngstr Val ETF-Aui (VTV, 2.9%) and Invesco QQQ Trust Series 1 (QQQ, 2.3%). Compared with Q1 2025, it opened 564 new positions, sold out of 197, added to 1,311 and reduced 676. The biggest buy was a new position in Eldridge BBB-B Clo ETF (CLOZ) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −97%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001586767
Portfolio Value
$2.2B (Q2 2025)
SEC Filing
0001586767-25-000008 ↗ filed Aug 12, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $948.1M Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.6B Q1 2025 Q2 2025: $2.2B $2.2B Q2 2025 Q3 2025: $7.0B Q3 2025 Q4 2025: $3.4B Q4 2025 Q1 2026: $3.5B Q1 2026 Q2 2026: $15.1B Q2 2026

Holdings 3,022 stocks · $2.2B
VUG Vanguard Mrngstar GR ETF-Sui 4.19% 181,207 $91.2M Add +10.9%
VTV Vanguard Mrngstr Val ETF-Aui 2.88% 276,615 $62.6M Add +1.1%
QQQ Invesco QQQ Trust Series 1 2.26% 82,249 $49.1M Reduce -0.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.14% 165,662 $46.5M Add +14.9%
IGSB iShares 1-5Y Inv Grade Corp. 2.03% 821,602 $44.1M Add +3.0%
SCHP Schwab U.S. Tips ETF 1.98% 1,611,154 $43.0M Add +4.1%
VTI VG Morningstar TS MKT ETF-US 1.93% 83,473 $41.9M Add +11.6%
RDVY First Trust Rising Dividend 1.92% 666,963 $41.8M Add +7.3%
AGG iShares Core U.S. Aggregate 1.77% 382,859 $38.4M Add +4.5%
CLOZ Eldridge BBB-B Clo ETF 1.75% 1,423,147 $38.1M New
SPY SS SPDR S&P 500 ETF Trust-US 1.74% 61,227 $37.8M Add +512.5%
FPE FT-Preferred Secur & Inc. ETF 1.64% 2,006,773 $35.7M Add +4.2%
VEA Vanguard Ftse Developed ETF 1.51% 569,871 $32.9M Add +2.4%
AAPL Apple Inc. 1.51% 97,116 $32.8M Reduce -7.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.39% 276,008 $30.3M Add +4.5%
AVIG Avantis Core Fixed Income 1.31% 687,001 $28.6M Add +6.5%
VB Vanguard Most SM-Cap ETF-Usd 1.27% 112,194 $27.6M Add +1.9%
VWO Vanguard Ftse Emerging Marke 1.22% 527,027 $26.6M Add +0.4%
JAAA Janus Henderson Aaa Clo ETF 1.13% 482,793 $24.5M New
FTCS First Trust Capital Strength 1.12% 267,136 $24.3M Add +19.5%
IVW iShares S&P 500 Growth ETF 1.10% 193,687 $23.9M Add +1094.0%
FIXD First Trust Smith Opportunis 1.08% 536,174 $23.5M Add +17.9%
DFIC Dimensional International Co. 1.07% 745,432 $23.2M Reduce -6.2%
SPDW Ste STR SPDR PT DW Eu ETF 1.04% 557,518 $22.6M Add +51.5%
IJS iShares S&P Small-Cap 600 Va 1.03% 225,907 $22.5M Add +342183.3%
MRK Merck & Co. Inc. 1.03% 283,142 $22.4M Add +2209.3%
MSFT Microsoft Corp. 1.02% 30,901 $22.2M Add +33.5%
AMZN Amazon.com Inc. 1.00% 65,489 $21.8M Reduce -9.4%
IMCG iShares Morningstar Mid-Cap 0.94% 255,590 $20.5M Add +38.0%
IWD iShares Russell 1000 Value E 0.93% 97,425 $20.1M Add +1791.4%
DFAS Dimensional US Small Cap ETF 0.91% 311,802 $19.9M Add +4.1%
FIW First Trust Water ETF 0.90% 180,413 $19.5M Add +1.0%
IWS iShares Russell Mid-Cap Valu 0.89% 142,176 $19.4M Add +1986.2%
IJK iShares S&P Mid-Cap 400 Grow 0.87% 207,986 $18.9M Add +3612.7%
AVLV Avantis US Large Cap Value 0.85% 272,457 $18.6M Add +6.8%
IJT iShares S&P Small-Cap 600 GR 0.85% 139,285 $18.5M New
NVDA Nvidia Corp. 0.83% 113,641 $18.0M Add +14.5%
DFGR Dim Global Real Estate ETF 0.81% 656,264 $17.6M Add +1.5%
DFEM Dimensional Emrg MRKT Core 0.80% 586,925 $17.4M Add +2.8%
MUB iShares National Muni Bond E 0.78% 143,982 $17.0M Reduce -19.8%
RDVI FT Vest Rising Dividend Achi 0.78% 685,753 $16.9M Add +30.7%
TFI SS SPDR N Ice Muni Bond ETF 0.72% 352,771 $15.8M Add +2.8%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.69% 114,850 $15.1M Add +37.6%
DFAU Dimensional US Core Equity M 0.61% 315,681 $13.4M Add +0.9%
META Meta Platforms Inc. Class A 0.61% 17,936 $13.2M Add +108.8%
VXUS Vanguard Total Intl Stock 0.54% 7,669 $11.8M Add +50.8%
DFAC Dimensional US Core Equity 2 0.50% 301,461 $10.8M Reduce -14.5%
BSV Vanguard Short-Term Bond ETF 0.47% 116,296 $10.2M Reduce -1.4%
VOO Vanguard S&P 500 ETF 0.46% 15,254 $10.0M Add +23.9%
FTCB FT Core Investment Grade ETF 0.44% 455,983 $9.6M Add +46.9%
CME Cme Group Inc. 0.44% 34,547 $9.5M Add +1801.3%
JPM JPMorgan Chase & Co. 0.43% 31,950 $9.3M Add +76.2%
GOOG Alphabet Inc. Class C 0.42% 52,111 $9.2M Add +60.3%
SCHA Schwab US Small-Cap ETF 0.41% 351,595 $9.0M Add +45.5%
LDSF First TR Low Duration St-ETF 0.41% 470,281 $8.9M Add +22.6%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.41% 28,655 $8.9M Add +14.0%
VYM Vanguard High DVD Yield ETF 0.39% 59,713 $8.5M Reduce -14.7%
WCMI FT WCM International ETF 0.36% 493,880 $7.9M Add +33.5%
SDVY First Trust Smid Cap Rising 0.35% 218,141 $7.7M Add +19.9%
SPEM State Street SP PTF Em ETF 0.32% 164,530 $7.0M Add +39.9%
XSOE Wisdmtree Emerg MKT Ex-St Ow 0.31% 194,450 $6.7M Add +36.3%
VIG Vanguard Dividend Apprec ETF 0.31% 13,202 $6.7M Add +1.6%
DFAI Dimensional International Co. 0.31% 192,464 $6.7M Add +1.6%
BUFR FT Vest Lad Buffervetf-Usd I 0.30% 208,416 $6.6M Add +7.4%
IVV iShares Core S&P 500 ETF 0.29% 4,320 $6.4M Add +5.2%
AVNT Avient Corp. 0.29% 151,032 $6.4M Add +86700.0%
CAR Avis Budget Group Inc. 0.29% 175,406 $6.3M New
TSLA Tesla Inc. 0.29% 19,692 $6.3M Add +34.4%
ITOT iShares Core S&P Total U.S. 0.29% 30,857 $6.2M Reduce -1.9%
COST Costco Wholesale Corp. 0.28% 6,206 $6.1M Add +132.5%
AVGO Broadcom Inc. 0.28% 22,239 $6.1M Add +30.4%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.28% 21,364 $6.1M Reduce -4.7%
GOOGL Alphabet Inc. Class A 0.28% 34,054 $6.0M Add +20.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.27% 23,820 $5.9M Reduce -9.7%
FLXR TCW Flexible Income ETF 0.27% 150,089 $5.9M Add +42.1%
FDL First Trust Morn DVD Lead Inc. 0.27% 140,714 $5.9M Add +37.6%
SCHG Schwab US Large-Cap Growth 0.27% 194,251 $5.8M Add +110.6%
V Visa Inc. Class A 0.26% 16,105 $5.7M Add +10.8%
BNDX Vanguard Total Intl Bond ETF 0.25% 111,389 $5.5M Add +74.5%
SCHD Schwab US DVD Equity ETF 0.24% 198,142 $5.3M Reduce -0.5%
FEMS First Trust Emerging Markets 0.23% 124,370 $5.1M Add +39.2%
BIV Vanguard Intermediate-Term B 0.23% 64,510 $5.0M Add +2.4%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 9,949 $4.8M New
GBDC Golub Capital BDC Inc. 0.22% 325,200 $4.8M New
MS Morgan Stanley 0.21% 31,838 $4.7M Add +8.1%
ABBV Abbvie Inc. 0.21% 25,026 $4.6M Add +105.8%
NFLX Netflix Inc. 0.21% 3,429 $4.6M Reduce -5.9%
DFCF Dimensional Core Fixed Inc. 0.21% 108,604 $4.6M Reduce -0.7%
IVE iShares S&P 500 Value ETF 0.21% 6,614 $4.6M Reduce -94.0%
VNQ Vanguard Real Estate ETF 0.20% 44,038 $4.3M Add +1.4%
IAU iShares Gold Trust 0.19% 60,633 $4.2M Reduce -6.2%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.19% 25,533 $4.2M Add +81.1%
SCHB Schwab US Broad Market ETF 0.19% 172,070 $4.2M Reduce -4.5%
MA Mastercard Inc. Class A 0.19% 7,427 $4.2M Add +0.1%
XOM Exxon Mobil Corp. 0.19% 38,518 $4.2M Add +12.3%
DVY iShares Select Dividend ETF 0.18% 26,735 $3.9M Reduce -1.9%
SGOV iShares 0-3 Month Treasury B 0.17% 37,658 $3.8M Add +35.6%
DFLV Dim US Large Cap Value ETF 0.17% 119,307 $3.7M Reduce -1.6%
WCN Waste Connections Inc. 0.17% 19,805 $3.7M Add +204.9%
AVA Avista Corp. 0.17% 143,380 $3.7M Add +11110.3%

Show all 3,022 holdings

Other holdings (5): bonds, preferreds, convertibles and warrants · $9K (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 77$5KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 144$3KNo change
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 226$825New
GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 8$65New
ISPOW Inspirato -CW30 *W EXP 02/11/202 100$1Reduce -95.8%
Lines left out (1) · $3 — a value with no share or principal amount
SecurityClassSharesValue
ANGL Vaneck Fallen Angel High YLD FALLEN ANGEL HG0$3

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $2.2B.

Portfolio Sells Q1 2025 → Q2 2025
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -96.7% 0.03% −1.42
ICSH iShares Ultra Short Duration Reduce -98.0% 0.02% −1.24
GSY Invesco Ultra Short Duration Reduce -98.9% 0.01% −1.23
IWP iShares Russell Mid-Cap Grow Reduce -95.3% 0.07% −1.23
JPST JPMorgan Ultra-Short Income Reduce -92.5% 0.07% −1.19
IVE iShares S&P 500 Value ETF Reduce -94.0% 0.21% −1.14
MUB iShares National Muni Bond E Reduce -19.8% 0.78% −0.43
DFIC Dimensional International Co. Reduce -6.2% 1.07% −0.35
DFAC Dimensional US Core Equity 2 Reduce -14.5% 0.50% −0.25
QQQ Invesco QQQ Trust Series 1 Reduce -0.1% 2.26% −0.22
SLYV SS SPDR S&P 600 SC Val ETF Reduce -78.6% 0.04% −0.21
VYM Vanguard High DVD Yield ETF Reduce -14.7% 0.39% −0.19
SMTH Alps SMTH Cor BD Plus ETF Reduce -92.2% 0.01% −0.18
LMBS First Trust Low Duration Opp Reduce -21.9% 0.17% −0.13
BSV Vanguard Short-Term Bond ETF Reduce -1.4% 0.47% −0.12
SCHD Schwab US DVD Equity ETF Reduce -0.5% 0.24% −0.11
XSVM Invesco S&P Smallcap Value W Reduce -68.5% 0.03% −0.10
XMHQ Invesco S&P Midcap Qual ETF Reduce -87.6% 0.01% −0.10
DFCF Dimensional Core Fixed Inc. Reduce -0.7% 0.21% −0.08
FTSM First Trust Enh Short Mat FD Reduce -9.3% 0.13% −0.07
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -4.7% 0.28% −0.07
DFLV Dim US Large Cap Value ETF Reduce -1.6% 0.17% −0.07
IUSG iShares Core S&P U.S. Growth Reduce -40.8% 0.07% −0.06
NORTHERN LTS FD TR IV Reduce -14.6% 0.14% −0.06
FVD First Trust Value Line DVD Reduce -8.2% 0.11% −0.06
DVY iShares Select Dividend ETF Reduce -1.9% 0.18% −0.06
SCHB Schwab US Broad Market ETF Reduce -4.5% 0.19% −0.06
T AT&T Inc. Reduce -22.3% 0.07% −0.06
ZTS Zoetis Inc. Reduce -40.6% 0.04% −0.06
VZ Verizon Communications Inc. Reduce -21.9% 0.06% −0.05
IAU iShares Gold Trust Reduce -6.2% 0.19% −0.05
FICS FT International Dev Cap STR Reduce -60.7% 0.02% −0.05
MO Altria Group Inc. Reduce -39.1% 0.03% −0.05
SPTS SS SPDR P St Term TSY ETF Reduce -0.1% 0.11% −0.04
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -9.7% 0.27% −0.04
VCIT Vanguard Int-Term Corporate Reduce -43.0% 0.03% −0.04
COR Cencora Inc. Reduce -28.4% 0.05% −0.04
CB Chubb Ltd. Reduce -15.6% 0.06% −0.04
SHW The Sherwin-Williams Co. Reduce -0.5% 0.10% −0.04
IEMG iShares Core MSCI Emerging Reduce -33.3% 0.05% −0.04
MDT Medtronic PLC Reduce -38.6% 0.03% −0.04
VCLT Vanguard Long-Term Corp. Bond Reduce -1.7% 0.09% −0.04
ODFL Old Dominion Freight Line Reduce -43.0% 0.03% −0.04
CGGR Cap Group Growth Equity Reduce -50.9% 0.03% −0.04
TIP iShares Tips Bond ETF Reduce -8.4% 0.13% −0.04
PEP Pepsico Inc. Reduce -4.4% 0.06% −0.03
DFAE Dimensional Emerging Core Eq Reduce -1.4% 0.12% −0.03
UCON First Trust Smith Unconstrai Reduce -27.3% 0.04% −0.03
BITB Bitwise Bitcoin ETF Reduce -39.9% 0.04% −0.03
PSP Invesco Global Listed Privat Reduce -58.7% 0.01% −0.03

Portfolio Buys Q1 2025 → Q2 2025
CLOZ Eldridge BBB-B Clo ETF New 1.75% +1.75
SPY SS SPDR S&P 500 ETF Trust-US Add +512.5% 1.74% +1.38
JAAA Janus Henderson Aaa Clo ETF New 1.13% +1.13
IJS iShares S&P Small-Cap 600 Va Add +342183.3% 1.03% +1.03
IVW iShares S&P 500 Growth ETF Add +1094.0% 1.10% +1.00
MRK Merck & Co. Inc. Add +2209.3% 1.03% +0.96
IWD iShares Russell 1000 Value E Add +1791.4% 0.93% +0.86
IJT iShares S&P Small-Cap 600 GR New 0.85% +0.85
IJK iShares S&P Mid-Cap 400 Grow Add +3612.7% 0.87% +0.84
IWS iShares Russell Mid-Cap Valu Add +1986.2% 0.89% +0.84
VTI VG Morningstar TS MKT ETF-US Add +11.6% 1.93% +0.61
VXUS Vanguard Total Intl Stock Add +50.8% 0.54% +0.52
MSFT Microsoft Corp. Add +33.5% 1.02% +0.46
CME Cme Group Inc. Add +1801.3% 0.44% +0.41
VUG Vanguard Mrngstar GR ETF-Sui Add +10.9% 4.19% +0.31
AVNT Avient Corp. Add +86700.0% 0.29% +0.29
META Meta Platforms Inc. Class A Add +108.8% 0.61% +0.29
CAR Avis Budget Group Inc. New 0.29% +0.29
BRK.B Berkshire Hathaway Inc. Class B New 0.22% +0.22
GBDC Golub Capital BDC Inc. New 0.22% +0.22
SPDW Ste STR SPDR PT DW Eu ETF Add +51.5% 1.04% +0.18
AVA Avista Corp. Add +11110.3% 0.17% +0.17
VXF Vanguard Extended Market ETF Add +77.5% 0.17% +0.16
CLOX Eldridge Aaa Clo ETF New 0.16% +0.16
MTZ Mastec Inc. Add +42.1% 0.16% +0.16
RC Ready Capital Corp. Add +91831.9% 0.15% +0.15
CRBN Ish Low Car Opt Ms Ac ETF-US New 0.15% +0.15
IVV iShares Core S&P 500 ETF Add +5.2% 0.29% +0.15
VIG Vanguard Dividend Apprec ETF Add +1.6% 0.31% +0.14
AVY Avery Dennison Corp. Add +25807.4% 0.15% +0.14
JPM JPMorgan Chase & Co. Add +76.2% 0.43% +0.14
NVDA Nvidia Corp. Add +14.5% 0.83% +0.14
COST Costco Wholesale Corp. Add +132.5% 0.28% +0.12
SCHG Schwab US Large-Cap Growth Add +110.6% 0.27% +0.12
AVUV Avantis US Small Cap Value New 0.12% +0.12
NRG NRG Energy Inc. Add +223.0% 0.11% +0.11
TJX TJX Companies Inc. Add +18.0% 0.16% +0.11
AXON Axon Enterprise Inc. Add +128295.0% 0.11% +0.11
GOOG Alphabet Inc. Class C Add +60.3% 0.42% +0.10
AVGO Broadcom Inc. Add +30.4% 0.28% +0.10
IMCG iShares Morningstar Mid-Cap Add +38.0% 0.94% +0.09
WCN Waste Connections Inc. Add +204.9% 0.17% +0.09
IBIT iShares Bitcoin Trust ETF Add +255.2% 0.12% +0.08
KR Kroger Co. Add +70.1% 0.10% +0.08
NCLO Nuveen Aa-BBB Clo ETF New 0.08% +0.08
SDY SS SPDR S&P Dividend ETF Add +1603.3% 0.09% +0.08
VMC Vulcan Materials Co. Add +1.3% 0.14% +0.08
BX Blackstone Inc. Add +167.2% 0.15% +0.08
SCHV Schwab US Large-Cap Value Add +29225.6% 0.07% +0.07
EFA iShares MSCI Eafe ETF Add +36.2% 0.08% +0.07

Notes & Other Activity Q1 2025 → Q2 2025
CELH Celsius Holdings Inc. COM NEW · principal Sold out 503 $18Kbefore exit
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 New 226 $825
GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 New 8 $65
ISPOW Inspirato -CW30 *W EXP 02/11/202 Reduce -95.8% 100 $1

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5,078$15.1BSPY, AAPL, IVV, VUG, NVDA
Q1 2026 3,760$3.5BVUG, VTV, IVV, QQQ, DYNF
Q4 2025 4,066$3.4BVUG, VTV, AAPL, QQQ, SPY
Q3 2025 3,596$7.0BOEF, VOO, DFAI, KORP, QQQ
Q2 2025 3,022$2.2BVUG, VTV, QQQ, VO, IGSB
Q1 2025 2,654$1.6BVUG, VTV, IGSB, SCHP, QQQ
Q4 2024 2,411$1.6BVUG, VTV, VO, RDVY, IGSB
Q3 2024 2,612$1.1BVTV, IGSB, SCHP, VUG, QQQ
Q2 2024 2,537$1.0BIGSB, VUG, QQQ, VTV, SCHP
Q1 2024 1,310$948.1MIGSB, VUG, VTV, QQQ, SCHP