Arete Wealth Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 16, 2025), Arete Wealth Advisors, LLC reported 713 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 2.9% of the portfolio, followed by Walt Disney (DIS, 2.5%) and Nvidia (NVDA, 2.1%). Compared with Q4 2024, it opened 75 new positions, sold out of 105, added to 321 and reduced 267. The biggest buy was a new position in Innovator GRW-100 PB ETF Mar (NMAR) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001600151
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001600151-25-000002 ↗ filed May 16, 2025
Holdings Value
Holdings 713 stocks · $1.3B
| AAPL Apple Inc. | 2.87% | 169,230 | $37.6M | Reduce -2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.48% | 329,487 | $32.5M | Add +0.1% |
| NVDA Nvidia Corp. | 2.08% | 251,332 | $27.3M | Add +1.6% |
| FBND Fidelity Total Bond ETF | 2.04% | 584,436 | $26.7M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 1.94% | 146,264 | $25.3M | Add +1.2% |
| SPAB SS SPDR P Agg Bond ETF | 1.87% | 960,743 | $24.5M | Add +11.0% |
| FLTR Vaneck Ig Floating Rate ETF | 1.74% | 893,032 | $22.8M | Add +7.8% |
| IEF iShares 7-10 Year Treasury B | 1.55% | 212,390 | $20.3M | Add +7.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.49% | 212,574 | $19.5M | Add +3.9% |
| MSFT Microsoft Corp. | 1.46% | 50,777 | $19.1M | Reduce -0.5% |
| EFV iShares MSCI Eafe Value ETF | 1.38% | 306,220 | $18.0M | Add +2.7% |
| AMZN Amazon.com Inc. | 1.37% | 94,489 | $18.0M | Reduce -10.9% |
| VOO Vanguard S&P 500 ETF | 1.34% | 34,117 | $17.5M | Reduce -51.2% |
| QQQ Invesco QQQ Trust Series 1 | 1.26% | 35,159 | $16.5M | Reduce -49.4% |
| NMAR Innovator GRW-100 PB ETF Mar | 1.22% | 670,217 | $16.0M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.21% | 28,401 | $15.9M | Reduce -5.7% |
| GLD SPDR Gold Shares | 1.18% | 53,524 | $15.4M | Reduce -15.9% |
| PVAL Putnam Focused LRG Cap Value | 1.15% | 395,359 | $15.1M | Add +7.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.01% | 35,805 | $13.3M | Add +8.1% |
| TLT iShares 20+ Year Treasury BD | 1.00% | 143,945 | $13.1M | Add +26.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.94% | 152,317 | $12.2M | Add +7.6% |
| SH Proshares Short S&P500 | 0.88% | 259,155 | $11.5M | Add +14.9% |
| META Meta Platforms Inc. Class A | 0.87% | 19,721 | $11.4M | Add +18.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.85% | 472,765 | $11.2M | Add +10.8% |
| MCD McDonald's Corp. | 0.84% | 35,295 | $11.0M | Add +0.7% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.83% | 160,254 | $10.9M | Add +5.6% |
| IWF iShares Russell 1000 Growth | 0.80% | 28,934 | $10.4M | Add +9.7% |
| IVV iShares Core S&P 500 ETF | 0.78% | 18,085 | $10.2M | Add +1.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.76% | 89,527 | $9.9M | Add +72.6% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.75% | 87,894 | $9.8M | Add +421.6% |
| JPM JPMorgan Chase & Co. | 0.72% | 67,873 | $9.5M | Add +91.8% |
| ZECP Zacks Earnings Consistent Po | 0.72% | 311,191 | $9.4M | Add +3.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.70% | 140,296 | $9.2M | Add +72.8% |
| GOOGL Alphabet Inc. Class A | 0.70% | 59,474 | $9.2M | Reduce -7.5% |
| AGG iShares Core U.S. Aggregate | 0.69% | 91,834 | $9.1M | Add +2.5% |
| XOM Exxon Mobil Corp. | 0.63% | 69,625 | $8.3M | Add +2.0% |
| VEA Vanguard Ftse Developed ETF | 0.57% | 147,858 | $7.5M | Add +12.3% |
| FTHY First Trust Hi YLD Opp 2027 | 0.57% | 518,451 | $7.5M | Add +0.4% |
| V Visa Inc. Class A | 0.57% | 21,313 | $7.5M | Reduce -5.0% |
| TSLA Tesla Inc. | 0.52% | 26,100 | $6.8M | Add +27.5% |
| ABBV Abbvie Inc. | 0.51% | 31,817 | $6.7M | Add +1.9% |
| HD Home Depot Inc. | 0.50% | 17,960 | $6.6M | Reduce -16.7% |
| PULS Pgim Ultra Short Bond ETF | 0.50% | 132,283 | $6.6M | Reduce -10.4% |
| AVGO Broadcom Inc. | 0.49% | 38,639 | $6.5M | Reduce -0.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.48% | 123,058 | $6.3M | Reduce -7.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.46% | 166,893 | $6.1M | Add +11.5% |
| IWD iShares Russell 1000 Value E | 0.46% | 31,983 | $6.0M | Add +7.7% |
| APLD Applied Digital Corp. | 0.46% | 1,065,432 | $6.0M | Add +117.0% |
| WMT Walmart Inc. | 0.46% | 68,026 | $6.0M | Add +12.8% |
| VIG Vanguard Dividend Apprec ETF | 0.43% | 29,064 | $5.6M | Reduce -22.9% |
| XBGYX BlackRock Enh Intl DVD TR | 0.43% | 993,187 | $5.6M | Reduce -8.9% |
| IWM iShares Russell 2000 ETF | 0.42% | 27,378 | $5.5M | Add +2.8% |
| VWO Vanguard Ftse Emerging Marke | 0.40% | 116,510 | $5.3M | Add +29.3% |
| TYG Tortoise Energy Infrastruct | 0.40% | 121,027 | $5.2M | Add +2.6% |
| VONE Vanguard Russell 1000 | 0.38% | 19,750 | $5.0M | Add +27.5% |
| LLY Eli Lilly & Co. | 0.38% | 6,037 | $5.0M | Reduce -19.0% |
| OVV Ovintiv Inc. | 0.37% | 914,641 | $4.8M | New |
| VXF Vanguard Extended Market ETF | 0.36% | 27,494 | $4.7M | Add +8.0% |
| GOOG Alphabet Inc. Class C | 0.36% | 30,057 | $4.7M | Reduce -23.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 18,814 | $4.7M | Add +30.9% |
| JEPI JPMorgan Equity Premium Inco | 0.36% | 81,619 | $4.7M | Add +7.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.35% | 45,997 | $4.6M | Add +8.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 16,526 | $4.5M | Add +8.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.33% | 16,919 | $4.4M | Add +6.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.33% | 52,567 | $4.3M | Reduce -6.3% |
| DGRO iShares Core Dividend Growth | 0.33% | 70,228 | $4.3M | Reduce -11.3% |
| IAU iShares Gold Trust | 0.33% | 73,541 | $4.3M | Add +526.0% |
| TIP iShares Tips Bond ETF | 0.33% | 39,013 | $4.3M | Add +49.8% |
| FSK FS KKR Capital Corp. | 0.33% | 206,830 | $4.3M | Reduce -8.8% |
| PLTR Palantir Technologies Inc. Class A | 0.33% | 50,452 | $4.3M | Reduce -0.8% |
| FLOT iShares Floating Rate Bond E | 0.32% | 81,484 | $4.2M | Add +34.4% |
| CASY Casey's General Stores Inc. | 0.31% | 9,500 | $4.1M | Reduce -0.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.30% | 85,176 | $3.9M | Reduce -3.9% |
| FLDR Fidelity Low Durat Fact ETF | 0.30% | 77,224 | $3.9M | Add +11.7% |
| GNL Global Net Lease Inc. | 0.29% | 336,680 | $3.8M | Add +24.4% |
| IDU iShares US Utilities ETF | 0.29% | 37,486 | $3.8M | New |
| COST Costco Wholesale Corp. | 0.29% | 3,955 | $3.7M | Reduce -31.1% |
| AVK Advent Convert & Income | 0.28% | 323,401 | $3.7M | Add +0.3% |
| JCPB JPMorgan Core Plus Bond ETF | 0.28% | 78,901 | $3.7M | Add +11.2% |
| SGOV iShares 0-3 Month Treasury B | 0.28% | 36,415 | $3.7M | Add +187.4% |
| AXP American Express Co. | 0.28% | 13,400 | $3.6M | Reduce -2.2% |
| OLN Olin Corp. | 0.27% | 78,246 | $3.6M | New |
| CVX Chevron Corp. | 0.27% | 21,441 | $3.6M | Add +4.0% |
| UNH Unitedhealth Group Inc. | 0.27% | 6,797 | $3.6M | Add +1.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.26% | 20,066 | $3.5M | Add +27.5% |
| SMIZ Zacks Small/Mid Cap ETF | 0.26% | 113,466 | $3.4M | Add +4.9% |
| SPHD Invesco S&P 500 High Dividen | 0.26% | 67,524 | $3.4M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 84,325 | $3.3M | Add +13.9% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.25% | 62,412 | $3.3M | Add +2.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 19,037 | $3.2M | Add +265.6% |
| IEMG iShares Core MSCI Emerging | 0.24% | 57,902 | $3.1M | Add +7.7% |
| RWJ Invesco S&P Smallcap 600 | 0.24% | 76,685 | $3.1M | Reduce -5.3% |
| VZ Verizon Communications Inc. | 0.24% | 68,502 | $3.1M | Add +1.3% |
| GSY Invesco Ultra Short Duration | 0.23% | 60,983 | $3.1M | Add +289.8% |
| ABT Abbott Laboratories | 0.23% | 22,802 | $3.0M | Add +1.6% |
| IVW iShares S&P 500 Growth ETF | 0.23% | 32,460 | $3.0M | Add +12.5% |
| CRM Salesforce Inc. | 0.23% | 11,302 | $3.0M | Add +113.4% |
| FTSM First Trust Enh Short Mat FD | 0.23% | 50,013 | $3.0M | Add +16.3% |
| CAT Caterpillar Inc. | 0.23% | 9,063 | $3.0M | Add +26.8% |
| MRK Merck & Co. Inc. | 0.22% | 32,730 | $2.9M | Reduce -4.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $33K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 83,500 | $33K | New |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | Reduce -51.2% | 1.34% | −1.38 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -49.4% | 1.26% | −1.30 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -83.2% | 0.18% | −0.68 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -82.4% | 0.12% | −0.53 |
| NFJ Virtus DVD Intrst & PRM STR | Sold out | 0.00% | −0.48 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.37 |
| IJR iShares Core S&P Small-Cap E | Reduce -63.5% | 0.18% | −0.34 |
| IJH iShares Core S&P Midcap ETF | Reduce -75.1% | 0.11% | −0.34 |
| OMFL Invesco Russell 1000 DYN M/F | Sold out | 0.00% | −0.31 |
| AMZN Amazon.com Inc. | Reduce -10.9% | 1.37% | −0.31 |
| PDBC Invesco Optimum Yield Divers | Sold out | 0.00% | −0.28 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.26 |
| AAPL Apple Inc. | Reduce -2.0% | 2.87% | −0.25 |
| IXG iShares Global Financials Et | Reduce -93.8% | 0.02% | −0.24 |
| IXN iShares Global Tech ETF | Reduce -92.9% | 0.02% | −0.23 |
| REET iShares Global REIT ETF | Sold out | 0.00% | −0.22 |
| IXJ iShares Global Healthcare Et | Sold out | 0.00% | −0.19 |
| LAD Lithia Motors Inc. | Reduce -83.3% | 0.03% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -23.7% | 0.36% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -7.5% | 0.70% | −0.18 |
| NNDM Nano Dimension Ltd. - ADR | Sold out | 0.00% | −0.16 |
| AVGO Broadcom Inc. | Reduce -0.6% | 0.49% | −0.16 |
| MINT PIMCO Enhanced Short Maturit | Reduce -48.6% | 0.18% | −0.15 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.15 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.14 |
| RUM Rum Group Inc. | Reduce -59.5% | 0.04% | −0.14 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.14 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.13 |
| QBTS D-Wave Quantum Inc. | Reduce -93.6% | 0.01% | −0.13 |
| DBO Invesco DB Oil Fund | Sold out | 0.00% | −0.13 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.13 |
| HYBX TCW High Yield Bond ETF | Sold out | 0.00% | −0.11 |
| ILCB iShares Morningstar U.S. Equ | Reduce -56.0% | 0.08% | −0.10 |
| GRID First TRST Nasd Class Edg Sgiif | Sold out | 0.00% | −0.10 |
| VIG Vanguard Dividend Apprec ETF | Reduce -22.9% | 0.43% | −0.10 |
| HD Home Depot Inc. | Reduce -16.7% | 0.50% | −0.10 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.10 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.10 |
| MSFT Microsoft Corp. | Reduce -0.5% | 1.46% | −0.10 |
| AHR American Healthcare REIT Inc. | Reduce -84.0% | 0.02% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -31.1% | 0.29% | −0.09 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -75.3% | 0.03% | −0.09 |
| FTCS First Trust Capital Strength | Reduce -47.4% | 0.11% | −0.09 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.08 |
| FANG Diamondback Energy Inc. | Reduce -40.5% | 0.13% | −0.08 |
| VFC VF Corp. | Reduce -63.7% | 0.03% | −0.08 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.08 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -25.1% | 0.20% | −0.08 |
| QTUM Defiance Quantum ETF | Sold out | 0.00% | −0.07 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| NMAR Innovator GRW-100 PB ETF Mar | New | 1.22% | +1.22 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +421.6% | 0.75% | +0.61 |
| OVV Ovintiv Inc. | New | 0.37% | +0.37 |
| SHV iShares 0-1 Year Treasury Bo | Add +72.6% | 0.76% | +0.34 |
| SPAB SS SPDR P Agg Bond ETF | Add +11.0% | 1.87% | +0.31 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +72.8% | 0.70% | +0.30 |
| IDU iShares US Utilities ETF | New | 0.29% | +0.29 |
| IAU iShares Gold Trust | Add +526.0% | 0.33% | +0.29 |
| TLT iShares 20+ Year Treasury BD | Add +26.2% | 1.00% | +0.28 |
| OLN Olin Corp. | New | 0.27% | +0.27 |
| EFV iShares MSCI Eafe Value ETF | Add +2.7% | 1.38% | +0.25 |
| IEF iShares 7-10 Year Treasury B | Add +7.2% | 1.55% | +0.23 |
| FLTR Vaneck Ig Floating Rate ETF | Add +7.8% | 1.74% | +0.22 |
| SH Proshares Short S&P500 | Add +14.9% | 0.88% | +0.19 |
| SGOV iShares 0-3 Month Treasury B | Add +187.4% | 0.28% | +0.19 |
| APLD Applied Digital Corp. | Add +117.0% | 0.46% | +0.19 |
| GSY Invesco Ultra Short Duration | Add +289.8% | 0.23% | +0.18 |
| GLDM SPDR Gold Minishares Trust | New | 0.17% | +0.17 |
| PVAL Putnam Focused LRG Cap Value | Add +7.8% | 1.15% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Add +265.6% | 0.24% | +0.17 |
| FBND Fidelity Total Bond ETF | Add +1.1% | 2.04% | +0.16 |
| SPTI SS SPDR P Int Term TSY ETF | New | 0.16% | +0.16 |
| META Meta Platforms Inc. Class A | Add +18.0% | 0.87% | +0.16 |
| UBER Uber Technologies Inc. | Add +410.8% | 0.19% | +0.16 |
| KHPI Kensington Hedged PRM in ETF | Add +229.1% | 0.20% | +0.14 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +3.9% | 1.49% | +0.14 |
| PFRL Pgim Floating Rate Income Et | New | 0.13% | +0.13 |
| TIP iShares Tips Bond ETF | Add +49.8% | 0.33% | +0.13 |
| IBM Intl Business Machines Corp. | Add +30.9% | 0.36% | +0.13 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +10.8% | 0.85% | +0.12 |
| VEA Vanguard Ftse Developed ETF | Add +12.3% | 0.57% | +0.12 |
| VWO Vanguard Ftse Emerging Marke | Add +29.3% | 0.40% | +0.12 |
| JPM JPMorgan Chase & Co. | Add +91.8% | 0.72% | +0.11 |
| MCD McDonald's Corp. | Add +0.7% | 0.84% | +0.11 |
| NFEB Innov GRW-100 Por Bu ETF - F | New | 0.11% | +0.11 |
| ABBV Abbvie Inc. | Add +1.9% | 0.51% | +0.11 |
| RSP Invesco S&P 500 Equal Weight | Add +1.2% | 1.94% | +0.11 |
| CRM Salesforce Inc. | Add +113.4% | 0.23% | +0.11 |
| XOM Exxon Mobil Corp. | Add +2.0% | 0.63% | +0.10 |
| SO The Southern Co. | Add +62.9% | 0.21% | +0.10 |
| FLOT iShares Floating Rate Bond E | Add +34.4% | 0.32% | +0.10 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +11.5% | 0.46% | +0.10 |
| VONE Vanguard Russell 1000 | Add +27.5% | 0.38% | +0.09 |
| IQLT iShares MSCI International Q | New | 0.08% | +0.08 |
| SPIB SS SPDR P Int C Corp. ETF | Add +114.3% | 0.14% | +0.08 |
| MCK McKesson Corp. | Add +83.5% | 0.14% | +0.08 |
| SPEM State Street SP PTF Em ETF | Add +44.2% | 0.21% | +0.08 |
| DE Deere & Co. | Add +70.3% | 0.15% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +27.5% | 0.26% | +0.07 |
| AGG iShares Core U.S. Aggregate | Add +2.5% | 0.69% | +0.07 |
Notes & Other Activity Q4 2024 → Q1 2025
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | New | 83,500 | $33K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 334 | $1.5B | AAPL, RSP, BINC, DIS, NVDA |
| Q1 2026Amended | 321 | $1.3B | BINC, DIS, RSP, AAPL, FBND |
| Q4 2025Amended | 360 | $1.4B | DIS, AAPL, NVDA, RSP, BINC |
| Q3 2025 | 761 | $1.6B | NVDA, AAPL, DIS, RSP, SPYM |
| Q2 2025 | 717 | $1.4B | DIS, NVDA, RSP, AAPL, SPAB |
| Q1 2025 | 713 | $1.3B | AAPL, DIS, NVDA, FBND, RSP |
| Q4 2024 | 743 | $1.4B | AAPL, VOO, DIS, QQQ, NVDA |
| Q3 2024Amended | 704 | $1.2B | VOO, DIS, AAPL, QQQ, RSP |
| Q2 2024 | 724 | $1.2B | AAPL, QQQ, VOO, FSK, DIS |
| Q1 2024 | 376 | $1.1B | ABBV, DIS, RSP, QQQ, VOO |