Arete Wealth Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Arete Wealth Advisors, LLC reported 717 stock positions worth $1.4 billion. Its top holding was Walt Disney (DIS) at 2.9% of the portfolio, followed by Nvidia (NVDA, 2.5%) and Invesco S&P 500 Equal Weight (RSP, 2.4%). Compared with Q1 2025, it opened 105 new positions, sold out of 101, added to 264 and reduced 304. The biggest buy was Johnson & Johnson (JNJ, shares +308%) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001600151
- Portfolio Value
- $1.4B (Q2 2025)
- SEC Filing
- 0001600151-25-000003 ↗ filed Aug 14, 2025
Holdings Value
Holdings 717 stocks · $1.4B
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.87% | 326,487 | $40.4M | Reduce -0.9% |
| NVDA Nvidia Corp. | 2.53% | 226,950 | $35.7M | Reduce -9.7% |
| RSP Invesco S&P 500 Equal Weight | 2.37% | 183,545 | $33.4M | Add +25.5% |
| AAPL Apple Inc. | 2.13% | 146,287 | $30.0M | Reduce -13.6% |
| SPAB SS SPDR P Agg Bond ETF | 1.97% | 1,085,553 | $27.8M | Add +13.0% |
| FBND Fidelity Total Bond ETF | 1.82% | 561,532 | $25.7M | Reduce -3.9% |
| MSFT Microsoft Corp. | 1.77% | 50,078 | $24.9M | Reduce -1.4% |
| FLTR Vaneck Ig Floating Rate ETF | 1.75% | 968,806 | $24.7M | Add +8.5% |
| PVAL Putnam Focused LRG Cap Value | 1.65% | 578,814 | $23.3M | Add +46.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.49% | 228,765 | $21.0M | Add +7.6% |
| EFV iShares MSCI Eafe Value ETF | 1.44% | 320,129 | $20.3M | Add +4.5% |
| AMZN Amazon.com Inc. | 1.31% | 83,807 | $18.4M | Reduce -11.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.29% | 29,456 | $18.2M | Add +3.7% |
| VOO Vanguard S&P 500 ETF | 1.24% | 30,843 | $17.5M | Reduce -9.6% |
| NMAR Innovator GRW-100 PB ETF Mar | 1.20% | 673,773 | $16.9M | Add +0.5% |
| QQQ Invesco QQQ Trust Series 1 | 1.18% | 30,215 | $16.7M | Reduce -14.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.10% | 35,369 | $15.5M | Reduce -1.2% |
| IEF iShares 7-10 Year Treasury B | 1.08% | 159,456 | $15.3M | Reduce -24.9% |
| GLD SPDR Gold Shares | 1.07% | 49,662 | $15.1M | Reduce -7.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.05% | 155,152 | $14.8M | Add +1.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.90% | 175,104 | $12.7M | Add +24.8% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.90% | 169,325 | $12.7M | Add +5.7% |
| META Meta Platforms Inc. Class A | 0.87% | 16,686 | $12.3M | Reduce -15.4% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.84% | 105,226 | $11.9M | Add +19.7% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.78% | 446,865 | $11.0M | Reduce -5.5% |
| GOOGL Alphabet Inc. Class A | 0.77% | 61,747 | $10.9M | Add +3.8% |
| JPM JPMorgan Chase & Co. | 0.76% | 36,728 | $10.6M | Reduce -45.9% |
| AVGO Broadcom Inc. | 0.75% | 38,474 | $10.6M | Reduce -0.4% |
| JNJ Johnson & Johnson | 0.75% | 69,286 | $10.6M | Add +308.2% |
| MCD McDonald's Corp. | 0.75% | 36,125 | $10.6M | Add +2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.72% | 34,425 | $10.1M | Add +83.0% |
| SH Proshares Short S&P500 | 0.69% | 245,630 | $9.7M | Reduce -5.2% |
| IVV iShares Core S&P 500 ETF | 0.68% | 15,334 | $9.5M | Reduce -15.2% |
| IWF iShares Russell 1000 Growth | 0.67% | 22,284 | $9.5M | Reduce -23.0% |
| VEA Vanguard Ftse Developed ETF | 0.62% | 153,041 | $8.7M | Add +3.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.61% | 77,884 | $8.6M | Reduce -13.0% |
| PULS Pgim Ultra Short Bond ETF | 0.60% | 169,559 | $8.4M | Add +28.2% |
| AGG iShares Core U.S. Aggregate | 0.60% | 84,763 | $8.4M | Reduce -7.7% |
| TSLA Tesla Inc. | 0.57% | 25,496 | $8.1M | Reduce -2.3% |
| WMT Walmart Inc. | 0.55% | 78,622 | $7.7M | Add +15.6% |
| XOM Exxon Mobil Corp. | 0.54% | 71,040 | $7.7M | Add +2.0% |
| RTX RTX Corp. | 0.53% | 50,923 | $7.4M | Add +401.0% |
| V Visa Inc. Class A | 0.52% | 20,533 | $7.3M | Reduce -3.7% |
| IWD iShares Russell 1000 Value E | 0.51% | 36,986 | $7.2M | Add +15.6% |
| ZECP Zacks Earnings Consistent Po | 0.51% | 223,301 | $7.1M | Reduce -28.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.50% | 30,786 | $7.0M | Add +173.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.49% | 171,159 | $6.9M | Add +2.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.48% | 129,431 | $6.8M | Add +5.2% |
| HD Home Depot Inc. | 0.46% | 17,662 | $6.5M | Reduce -1.7% |
| EFG iShares MSCI Eafe Growth ETF | 0.46% | 57,420 | $6.4M | Add +24.8% |
| IWM iShares Russell 2000 ETF | 0.43% | 28,082 | $6.1M | Add +2.6% |
| VWO Vanguard Ftse Emerging Marke | 0.42% | 120,283 | $5.9M | Add +3.2% |
| VIG Vanguard Dividend Apprec ETF | 0.42% | 28,803 | $5.9M | Reduce -0.9% |
| ABBV Abbvie Inc. | 0.40% | 30,556 | $5.7M | Reduce -4.0% |
| VXF Vanguard Extended Market ETF | 0.40% | 29,144 | $5.6M | Add +6.0% |
| XBGYX BlackRock Enh Intl DVD TR | 0.39% | 950,001 | $5.5M | Reduce -4.3% |
| OLN Olin Corp. | 0.39% | 5,653 | $5.5M | Reduce -92.8% |
| TYG Tortoise Energy Infrastruct | 0.38% | 121,904 | $5.3M | Add +0.7% |
| VONE Vanguard Russell 1000 | 0.38% | 18,882 | $5.3M | Reduce -4.4% |
| OVV Ovintiv Inc. | 0.38% | 92,720 | $5.3M | Reduce -89.9% |
| FTHY First Trust Hi YLD Opp 2027 | 0.36% | 340,102 | $5.1M | Reduce -34.4% |
| SPEM State Street SP PTF Em ETF | 0.34% | 113,701 | $4.9M | Add +61.6% |
| GOOG Alphabet Inc. Class C | 0.34% | 27,382 | $4.9M | Reduce -8.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 15,881 | $4.8M | Reduce -3.9% |
| FLDR Fidelity Low Durat Fact ETF | 0.33% | 92,754 | $4.6M | Add +20.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.32% | 25,825 | $4.6M | Add +28.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.32% | 16,111 | $4.5M | Reduce -4.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.31% | 53,399 | $4.4M | Add +1.6% |
| SMIZ Zacks Small/Mid Cap ETF | 0.31% | 130,279 | $4.4M | Add +14.8% |
| PLTR Palantir Technologies Inc. Class A | 0.31% | 31,847 | $4.3M | Reduce -36.9% |
| CASY Casey's General Stores Inc. | 0.31% | 8,492 | $4.3M | Reduce -10.6% |
| IBIT iShares Bitcoin Trust ETF | 0.31% | 70,335 | $4.3M | Add +128.8% |
| DGRO iShares Core Dividend Growth | 0.30% | 67,152 | $4.3M | Reduce -4.4% |
| FSK FS KKR Capital Corp. | 0.30% | 206,174 | $4.3M | Reduce -0.3% |
| APLD Applied Digital Corp. | 0.29% | 408,874 | $4.1M | Reduce -61.6% |
| COST Costco Wholesale Corp. | 0.29% | 4,123 | $4.1M | Add +4.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 48,796 | $4.1M | Add +28.2% |
| IDU iShares US Utilities ETF | 0.28% | 37,698 | $3.9M | Add +0.6% |
| IEMG iShares Core MSCI Emerging | 0.27% | 63,394 | $3.8M | Add +9.5% |
| LLY Eli Lilly & Co. | 0.27% | 4,860 | $3.8M | Reduce -19.5% |
| AVK Advent Convert & Income | 0.27% | 310,918 | $3.8M | Reduce -3.9% |
| JCPB JPMorgan Core Plus Bond ETF | 0.26% | 79,184 | $3.7M | Add +0.4% |
| SOXX iShares Semiconductor ETF | 0.26% | 15,556 | $3.7M | New |
| FLOT iShares Floating Rate Bond E | 0.26% | 71,140 | $3.6M | Reduce -12.7% |
| GROZ Zacks Focus Growth ETF | 0.26% | 136,646 | $3.6M | New |
| IVW iShares S&P 500 Growth ETF | 0.26% | 32,661 | $3.6M | Add +0.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.25% | 75,797 | $3.5M | Reduce -11.0% |
| GAP The Gap Inc. | 0.24% | 156,206 | $3.4M | New |
| SPHD Invesco S&P 500 High Dividen | 0.24% | 70,288 | $3.3M | Add +4.1% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 0.24% | 125,155 | $3.3M | Add +2.7% |
| CVX Chevron Corp. | 0.23% | 22,616 | $3.2M | Add +5.5% |
| GS Goldman Sachs Group Inc. | 0.23% | 4,576 | $3.2M | Reduce -56.1% |
| PSC Principal US Small-Cap ETF | 0.22% | 58,970 | $3.1M | Add +83.0% |
| CARR Carrier Global Corp. | 0.22% | 41,500 | $3.0M | New |
| NVTS Navitas Semiconductor Corp. | 0.21% | 461,087 | $3.0M | New |
| GLDM SPDR Gold Minishares Trust | 0.21% | 46,040 | $3.0M | New |
| VZ Verizon Communications Inc. | 0.21% | 69,706 | $3.0M | Add +1.8% |
| FTSM First Trust Enh Short Mat FD | 0.21% | 50,018 | $3.0M | Add +0.0% |
| XLK SS Technology Select Sector | 0.21% | 11,824 | $3.0M | Add +12.1% |
| XLG Invesco S&P 500 Top 50 ETF | 0.21% | 56,728 | $3.0M | Reduce -2.1% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $44K (not counted above)
Total filed on the 13F, all lines: $1.4B.
Portfolio Sells Q1 2025 → Q2 2025
| TLT iShares 20+ Year Treasury BD | Reduce -86.3% | 0.12% | −0.88 |
| AAPL Apple Inc. | Reduce -13.6% | 2.13% | −0.74 |
| IEF iShares 7-10 Year Treasury B | Reduce -24.9% | 1.08% | −0.46 |
| JEPI JPMorgan Equity Premium Inco | Reduce -84.0% | 0.05% | −0.30 |
| RWJ Invesco S&P Smallcap 600 | Sold out | 0.00% | −0.24 |
| IAU iShares Gold Trust | Reduce -70.3% | 0.10% | −0.23 |
| FBND Fidelity Total Bond ETF | Reduce -3.9% | 1.82% | −0.21 |
| FTHY First Trust Hi YLD Opp 2027 | Reduce -34.4% | 0.36% | −0.21 |
| ZECP Zacks Earnings Consistent Po | Reduce -28.2% | 0.51% | −0.21 |
| TIP iShares Tips Bond ETF | Reduce -55.7% | 0.14% | −0.20 |
| SH Proshares Short S&P500 | Reduce -5.2% | 0.69% | −0.19 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.17 |
| GSY Invesco Ultra Short Duration | Reduce -72.0% | 0.06% | −0.17 |
| APLD Applied Digital Corp. | Reduce -61.6% | 0.29% | −0.17 |
| GNL Global Net Lease Inc. | Reduce -23.2% | 0.14% | −0.15 |
| SGOV iShares 0-3 Month Treasury B | Reduce -51.1% | 0.13% | −0.15 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -13.0% | 0.61% | −0.14 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -89.1% | 0.02% | −0.14 |
| SVOL Simplify Volatility Premium | Sold out | 0.00% | −0.14 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.13 |
| IWF iShares Russell 1000 Growth | Reduce -23.0% | 0.67% | −0.13 |
| UNH Unitedhealth Group Inc. | Reduce -0.7% | 0.15% | −0.12 |
| VRIG Invesco Variable Rate Invest | Reduce -71.5% | 0.04% | −0.12 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.12 |
| SMH Vaneck Semiconductor ETF | Reduce -76.2% | 0.05% | −0.12 |
| LLY Eli Lilly & Co. | Reduce -19.5% | 0.27% | −0.11 |
| ABBV Abbvie Inc. | Reduce -4.0% | 0.40% | −0.11 |
| GLD SPDR Gold Shares | Reduce -7.2% | 1.07% | −0.10 |
| IVV iShares Core S&P 500 ETF | Reduce -15.2% | 0.68% | −0.10 |
| AGG iShares Core U.S. Aggregate | Reduce -7.7% | 0.60% | −0.10 |
| VOO Vanguard S&P 500 ETF | Reduce -9.6% | 1.24% | −0.10 |
| AMGN Amgen Inc. | Reduce -36.9% | 0.10% | −0.09 |
| QYLD Global X Nasd 100 Cov Call | Reduce -73.6% | 0.03% | −0.09 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.09 |
| PFFA Virtus Infracap US Pref STCK | Reduce -81.6% | 0.02% | −0.08 |
| AXP American Express Co. | Reduce -34.8% | 0.20% | −0.08 |
| ABT Abbott Laboratories | Reduce -30.1% | 0.15% | −0.08 |
| FTCS First Trust Capital Strength | Reduce -64.7% | 0.04% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -31.9% | 0.10% | −0.08 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -51.5% | 0.07% | −0.08 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -14.1% | 1.18% | −0.08 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -5.5% | 0.78% | −0.07 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -34.1% | 0.12% | −0.07 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -50.4% | 0.06% | −0.07 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -80.8% | 0.02% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -37.9% | 0.09% | −0.07 |
| UPS United Parcel Service Class B | Reduce -27.5% | 0.11% | −0.07 |
| UBER Uber Technologies Inc. | Reduce -47.4% | 0.12% | −0.07 |
| CRM Salesforce Inc. | Reduce -25.7% | 0.16% | −0.07 |
| BAC Bank of America Corp. | Reduce -35.5% | 0.18% | −0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| JNJ Johnson & Johnson | Add +308.2% | 0.75% | +0.54 |
| PVAL Putnam Focused LRG Cap Value | Add +46.4% | 1.65% | +0.50 |
| RSP Invesco S&P 500 Equal Weight | Add +25.5% | 2.37% | +0.43 |
| RTX RTX Corp. | Add +401.0% | 0.53% | +0.42 |
| IBM Intl Business Machines Corp. | Add +83.0% | 0.72% | +0.36 |
| QQQM Invesco Nasdaq 100 ETF | Add +173.3% | 0.50% | +0.33 |
| SOXX iShares Semiconductor ETF | New | 0.26% | +0.26 |
| GROZ Zacks Focus Growth ETF | New | 0.26% | +0.26 |
| GAP The Gap Inc. | New | 0.24% | +0.24 |
| CARR Carrier Global Corp. | New | 0.22% | +0.22 |
| NVTS Navitas Semiconductor Corp. | New | 0.21% | +0.21 |
| GLDM SPDR Gold Minishares Trust | New | 0.21% | +0.21 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +24.8% | 0.90% | +0.20 |
| IBIT iShares Bitcoin Trust ETF | Add +128.8% | 0.31% | +0.20 |
| PSI Invesco Semiconductors ETF | New | 0.15% | +0.15 |
| IGM iShares Expanded Tech Sector | New | 0.14% | +0.14 |
| OTIS Otis Worldwide Corp. | New | 0.14% | +0.14 |
| IAI iShares U.S. Broker-Dealers | Add +581.9% | 0.16% | +0.14 |
| USO United States Oil Fund LP | New | 0.14% | +0.14 |
| SPEM State Street SP PTF Em ETF | Add +61.6% | 0.34% | +0.13 |
| IVVB iShares Large Cap Deep Quart | New | 0.13% | +0.13 |
| XMMO Invesco S&P Midcap Momentum | Add +204.3% | 0.18% | +0.12 |
| IGV iShares Expanded Tech-Softwa | New | 0.12% | +0.12 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +1.9% | 1.05% | +0.11 |
| AVDV Avantis Intl S/C Value ETF | New | 0.11% | +0.11 |
| EFG iShares MSCI Eafe Growth ETF | Add +24.8% | 0.46% | +0.11 |
| PSC Principal US Small-Cap ETF | Add +83.0% | 0.22% | +0.10 |
| DBEF Xtrackers MSCI Eafe Hedged E | New | 0.10% | +0.10 |
| SPAB SS SPDR P Agg Bond ETF | Add +13.0% | 1.97% | +0.10 |
| PULS Pgim Ultra Short Bond ETF | Add +28.2% | 0.60% | +0.10 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +19.7% | 0.84% | +0.09 |
| WMT Walmart Inc. | Add +15.6% | 0.55% | +0.09 |
| IEO iShares U.S. Oil & Gas Explo | New | 0.09% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.7% | 1.29% | +0.08 |
| MU Micron Technology Inc. | Add +126.1% | 0.11% | +0.07 |
| HOOD Robinhood Markets Inc. Class A | Add +109.0% | 0.10% | +0.07 |
| CROX Crocs Inc. | Add +81.3% | 0.19% | +0.07 |
| QQQI Neos Nasdaq-100 High Inc. ETF | Add +169.7% | 0.11% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +3.8% | 0.77% | +0.07 |
| EOG EOG Resources Inc. | New | 0.07% | +0.07 |
| IEFA iShares Core MSCI Eafe ETF | Add +28.2% | 0.29% | +0.07 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +5.7% | 0.90% | +0.07 |
| CI The Cigna Group | New | 0.07% | +0.07 |
| SPYI Neos S&P 500 High Income ETF | Add +110.4% | 0.13% | +0.07 |
| ARKK ARK Innovation ETF | Add +41.9% | 0.13% | +0.06 |
| CRWV Coreweave Inc. Class A | New | 0.06% | +0.06 |
| EFV iShares MSCI Eafe Value ETF | Add +4.5% | 1.44% | +0.06 |
| INDA iShares MSCI India ETF | New | 0.06% | +0.06 |
| IAGG iShares Intl Aggregate Bond | New | 0.06% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +28.7% | 0.32% | +0.06 |
Notes & Other Activity Q1 2025 → Q2 2025
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | Reduce -6.0% | 78,500 | $38K |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | New | 42,100 | $6K |
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 |