Arete Wealth Advisors, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed August 11, 2026), Arete Wealth Advisors, LLC reported 360 stock positions worth $1.4 billion. Its top holding was Walt Disney (DIS) at 3.6% of the portfolio, followed by Apple (AAPL, 3.0%) and Nvidia (NVDA, 2.6%). Compared with Q3 2025, it opened 35 new positions, sold out of 436, added to 168 and reduced 142. The biggest buy was Walt Disney (DIS, shares +40%) and the biggest sale an exit from Invesco QQQ Trust Series 1 (QQQ).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001600151
Portfolio Value
$1.4B (Q4 2025)
SEC Filing
0001600151-26-000008 ↗ filed Aug 11, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.6B Q3 2025 Q4 2025: $1.4B $1.4B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 360 stocks · $1.4B
DIS The Walt Disney Co. filed as DISNEY WALT CO 3.63% 460,438 $52.4M Add +40.0%
AAPL Apple Inc. 3.03% 160,670 $43.7M Add +3.8%
NVDA Nvidia Corp. 2.56% 198,045 $36.9M Reduce -16.8%
RSP Invesco S&P 500 Equal Weight 2.55% 192,229 $36.8M Add +3.0%
BINC iShares Flex I A ETF-Usd Inc. 2.29% 625,919 $33.0M Add +1.8%
SPAB SS SPDR P Agg Bond ETF 2.10% 1,177,927 $30.3M Add +4.5%
PVAL Putnam Focused LRG Cap Value 1.95% 618,804 $28.2M Add +3.2%
FBND Fidelity Total Bond ETF 1.85% 578,964 $26.7M Reduce -0.1%
MSFT Microsoft Corp. 1.75% 52,205 $25.2M Add +5.1%
BIL SS SPDR BB 1-3M T-Bill ETF 1.67% 263,363 $24.1M Add +67.5%
SPYM Ste STR SPDR PT S&P 500 ETF 1.67% 299,575 $24.0M Reduce -33.2%
EFV iShares MSCI Eafe Value ETF 1.63% 330,082 $23.6M Reduce -1.2%
GLD SPDR Gold Shares 1.57% 57,117 $22.6M Add +138.0%
GOOGL Alphabet Inc. Class A 1.39% 63,931 $20.0M Add +0.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.34% 28,428 $19.4M Reduce -14.4%
AMZN Amazon.com Inc. 1.31% 81,691 $18.9M Reduce -7.8%
VUG Vanguard Mrngstar GR ETF-Sui 1.18% 34,838 $17.0M Reduce -5.9%
PULS Pgim Ultra Short Bond ETF 1.16% 337,433 $16.7M Reduce -2.8%
QQQM Invesco Nasdaq 100 ETF 1.08% 61,571 $15.6M Add +54.8%
FLTR Vaneck Ig Floating Rate ETF 1.07% 604,526 $15.4M Add +2.9%
AVGO Broadcom Inc. 1.01% 42,161 $14.6M Add +5.0%
JNJ Johnson & Johnson 0.98% 68,503 $14.2M Reduce -1.7%
INVESCO QQQ TR 0.97% 22,795 $14.0M New
SPTM SS SPDR P S&P 1500 Comp ETF 0.95% 165,747 $13.7M Add +1.4%
VOO Vanguard S&P 500 ETF 0.94% 21,623 $13.6M Reduce -29.3%
TSLA Tesla Inc. 0.89% 28,474 $12.8M Add +33.1%
BOXX Alpha Architect 1-3 MNTH Box 0.86% 108,069 $12.4M Reduce -2.3%
MCD McDonald's Corp. 0.79% 37,281 $11.4M Add +1.2%
META Meta Platforms Inc. Class A 0.77% 16,927 $11.2M Reduce -13.5%
SHV iShares 0-1 Year Treasury Bo 0.75% 98,617 $10.9M Add +21.0%
IVV iShares Core S&P 500 ETF 0.75% 15,732 $10.8M Reduce -7.7%
IWF iShares Russell 1000 Growth 0.74% 22,461 $10.6M Add +0.2%
VEA Vanguard Ftse Developed ETF 0.73% 168,565 $10.5M Add +4.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.72% 35,103 $10.4M Reduce -0.5%
SH Proshares Short S&P500 0.71% 285,212 $10.3M New
JPM JPMorgan Chase & Co. 0.70% 31,209 $10.1M Reduce -19.8%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.69% 152,801 $10.0M New
VWO Vanguard Ftse Emerging Marke 0.68% 182,545 $9.8M Add +48.2%
XOM Exxon Mobil Corp. 0.67% 80,465 $9.7M Add +6.6%
RTX RTX Corp. 0.64% 50,683 $9.3M Reduce -0.5%
IWD iShares Russell 1000 Value E 0.62% 42,622 $9.0M Add +6.0%
SPYG SS SPDR P S&P 500 Growth ETF 0.61% 83,105 $8.9M Reduce -43.4%
SPDW Ste STR SPDR PT DW Eu ETF 0.60% 195,486 $8.7M Add +4.2%
SOXX iShares Semiconductor ETF 0.59% 28,252 $8.5M Add +49.1%
GOOG Alphabet Inc. Class C 0.57% 26,005 $8.2M Reduce -5.0%
AGG iShares Core U.S. Aggregate 0.56% 80,553 $8.0M Reduce -5.0%
BRK.B Berkshire Hathaway Inc. Class B 0.56% 15,988 $8.0M Reduce -22.5%
ZECP Zacks Earnings Consistent Po 0.54% 224,645 $7.8M Reduce -2.0%
V Visa Inc. Class A 0.54% 22,053 $7.7M Reduce -1.2%
IWM iShares Russell 2000 ETF 0.53% 31,326 $7.7M Add +10.7%
SPYV SS SPDR P S&P 500 Value ETF 0.53% 134,315 $7.6M Add +2.5%
OMFL Invesco Russell 1000 DYN M/F 0.53% 124,509 $7.6M New
ABBV Abbvie Inc. 0.52% 32,573 $7.4M Add +6.1%
IEF iShares 7-10 Year Treasury B 0.51% 77,002 $7.4M Reduce -23.8%
NFJ Virtus DVD Intrst & PRM STR 0.49% 553,783 $7.1M New
EFG iShares MSCI Eafe Growth ETF 0.48% 61,438 $7.0M Add +3.1%
WMT Walmart Inc. 0.48% 62,242 $6.9M Reduce -2.8%
HD Home Depot Inc. 0.47% 19,882 $6.8M Reduce -10.4%
VXF Vanguard Extended Market ETF 0.47% 32,206 $6.7M Add +6.9%
SPEM State Street SP PTF Em ETF 0.45% 137,667 $6.4M Add +8.3%
VTI VG Morningstar TS MKT ETF-US 0.44% 18,871 $6.3M Add +4.2%
VIG Vanguard Dividend Apprec ETF 0.43% 28,554 $6.3M Reduce -0.6%
XBI SS SPDR S&P Biotech ETF 0.40% 47,662 $5.8M Add +142.3%
PLTR Palantir Technologies Inc. Class A 0.40% 32,105 $5.7M Reduce -18.4%
CEFS Saba Opport Hedg Cef ETF-Usd 0.39% 245,564 $5.7M New
TSM Taiwan Semiconductor-SP ADR 0.39% 18,450 $5.6M Add +13.8%
HCMT Direxion HCM Tactic US ETF 0.39% 144,720 $5.6M Add +7.3%
TYG Tortoise Energy Infrastruct 0.38% 133,729 $5.5M Add +2.1%
MU Micron Technology Inc. 0.38% 19,054 $5.4M Add +98.4%
FLDR Fidelity Low Durat Fact ETF 0.37% 106,151 $5.3M Add +5.0%
SMIZ Zacks Small/Mid Cap ETF 0.37% 143,397 $5.3M Add +5.5%
DGRO iShares Core Dividend Growth 0.37% 76,265 $5.3M Add +4.6%
SLV iShares Silver Trust 0.36% 81,302 $5.2M Reduce -30.9%
CLOI Vaneck Clo ETF 0.36% 97,800 $5.2M Add +0.2%
XLV SS Health Care Select Sector 0.36% 33,344 $5.2M Add +211.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.36% 26,964 $5.1M Reduce -13.9%
IEMG iShares Core MSCI Emerging 0.35% 75,483 $5.1M Reduce -0.9%
SHY iShares 1-3 Year Treasury Bo 0.33% 57,373 $4.8M Add +488.5%
VONE Vanguard Russell 1000 0.33% 15,297 $4.7M Reduce -6.2%
ARKK ARK Innovation ETF 0.33% 61,411 $4.7M Add +9.5%
SGOL Abrdn Physical Gold Shares 0.33% 114,989 $4.7M Add +2.8%
APLD Applied Digital Corp. 0.32% 189,103 $4.6M Reduce -31.2%
XLK SS Technology Select Sector 0.31% 31,554 $4.5M Add +5.5%
RIV Rivernorth Opportunities 0.31% 377,169 $4.4M New
GROZ Zacks Focus Growth ETF 0.29% 139,500 $4.2M Add +3.3%
MRK Merck & Co. Inc. 0.29% 39,274 $4.1M Add +13.0%
SPHQ Invesco S&P 500 Quality ETF 0.28% 53,600 $4.0M New
LRCX Lam Research Corp. 0.28% 23,490 $4.0M Add +242.1%
GD General Dynamics Corp. 0.28% 11,819 $4.0M Add +109.8%
KHPI Kensington Hedged PRM in ETF filed as MANAGED PORTFOLIO SERIES 0.27% 153,837 $3.9M Add +42.2%
XBGYX BlackRock Enh Intl DVD TR 0.27% 661,192 $3.9M Reduce -27.6%
PG The Procter & Gamble Co. 0.27% 27,011 $3.9M Add +9.8%
AVK Advent Convert & Income 0.27% 308,048 $3.9M Add +3.9%
IDU iShares US Utilities ETF 0.27% 35,509 $3.8M New
XMMO Invesco S&P Midcap Momentum 0.26% 26,942 $3.7M Add +14.0%
QQQX Nuveen Nasdaq 100 DYN Overwr 0.25% 128,348 $3.7M Add +2.1%
PSC Principal US Small-Cap ETF 0.25% 62,399 $3.6M Add +4.2%
XLG Invesco S&P 500 Top 50 ETF 0.25% 59,945 $3.6M Add +10.6%
IYW iShares Ustechnology ETF 0.24% 17,684 $3.5M Add +246.9%
SPHD Invesco S&P 500 High Dividen 0.24% 73,205 $3.5M Add +3.1%
KBE SS SPDR S&P Bank ETF 0.24% 57,888 $3.5M New
IVW iShares S&P 500 Growth ETF 0.24% 27,936 $3.4M Reduce -17.1%
CVX Chevron Corp. 0.24% 22,367 $3.4M Add +1.6%
XOP SS SPDR S&P Og Exp & Prod 0.23% 26,852 $3.4M New
KIE SS SPDR S&P Insurance ETF 0.23% 54,449 $3.3M New
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.23% 70,095 $3.3M Reduce -0.3%
FSK FS KKR Capital Corp. 0.23% 219,863 $3.3M Add +0.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.22% 11,181 $3.2M Reduce -31.5%
IGM iShares Expanded Tech Sector 0.22% 24,456 $3.2M Reduce -3.9%
KO The Coca-Cola Co. 0.22% 44,596 $3.1M Add +2.7%
PSI Invesco Semiconductors ETF 0.22% 39,496 $3.1M Reduce -6.5%
WFC Wells Fargo & Co. 0.21% 32,532 $3.0M Add +10.4%
KGC Kinross Gold Corp. 0.21% 107,554 $3.0M Add +262.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.21% 54,944 $3.0M Add +0.1%
FTSM First Trust Enh Short Mat FD 0.21% 50,049 $3.0M No change
EFA iShares MSCI Eafe ETF 0.21% 31,194 $3.0M Reduce -0.2%
QUIZ Zacks QLTY Inter'l Fund 0.21% 112,195 $3.0M Add +180.9%
IAI iShares U.S. Broker-Dealers 0.20% 16,258 $2.9M Reduce -0.1%
IEFA iShares Core MSCI Eafe ETF 0.20% 32,205 $2.9M Reduce -34.1%
SPYI Neos S&P 500 High Income ETF 0.20% 54,488 $2.9M Add +5.4%
PFE Pfizer Inc. 0.20% 113,986 $2.8M Add +4.9%
IJR iShares Core S&P Small-Cap E 0.19% 23,388 $2.8M Add +17.3%
BPRE Bluerock Private Real Estate 0.19% 186,259 $2.8M New
JCPB JPMorgan Core Plus Bond ETF 0.19% 58,852 $2.8M Add +3.0%
GNL Global Net Lease Inc. 0.19% 312,398 $2.7M Add +20.8%
CSCO Cisco Systems Inc. 0.19% 34,757 $2.7M Reduce -4.8%
BTCO Invsco GLXY BTCN ETF 0.19% 30,647 $2.7M Add +96.0%
MINT PIMCO Enhanced Short Maturit 0.18% 26,517 $2.7M Reduce -4.3%
MORT Vaneck Mortgage REIT Income 0.18% 247,658 $2.6M Add +2.0%
BBJP JPMorgan Betabuilders Japan 0.18% 39,108 $2.6M Add +15.5%
NDAQ Nasdaq Inc. 0.18% 26,450 $2.6M New
IEI iShares 3-7 Year Treasury Bo 0.18% 21,416 $2.6M Add +196.9%
QQQI Neos Nasdaq-100 High Inc. ETF 0.18% 47,092 $2.5M Add +8.6%
ANET Arista Networks Inc. 0.18% 19,289 $2.5M Reduce -43.0%
GDX Vaneck Gold Miners ETF 0.17% 29,109 $2.5M Add +256.3%
VZ Verizon Communications Inc. 0.17% 61,095 $2.5M Reduce -14.2%
GWX State Street SPDR S&P Intern 0.17% 60,897 $2.5M Add +5.5%
PEP Pepsico Inc. 0.17% 17,269 $2.5M Reduce -0.9%
SGOV iShares 0-3 Month Treasury B 0.17% 23,970 $2.4M Add +21.5%
SPSB SS SPDR P St C Corp. ETF 0.17% 79,597 $2.4M Add +0.8%
JAAA Janus Henderson Aaa Clo ETF 0.17% 47,244 $2.4M Reduce -7.2%
SHYG iShares 0-5 YR HY Corp. Bond 0.16% 55,524 $2.4M Add +3.7%
PL Planet Labs PBC 0.16% 120,213 $2.4M Reduce -17.5%
NEM Newmont Corp. 0.16% 23,611 $2.4M Add +706.4%
QFLR Innovator Nasdaq-100 MF ETF 0.16% 68,755 $2.4M Add +4.6%
TLT iShares 20+ Year Treasury BD 0.16% 26,992 $2.4M Add +3.4%
VNQ Vanguard Real Estate ETF 0.16% 26,505 $2.3M Add +8.0%
HL Hecla Mining Co. 0.16% 122,125 $2.3M New
VTWO Vanguard Russell 2000 ETF 0.16% 23,417 $2.3M Reduce -2.3%
VXUS Vanguard Total Intl Stock 0.16% 30,505 $2.3M Reduce -1.8%
KMI Kinder Morgan Inc. 0.16% 82,970 $2.3M Add +13.4%
KBWB Invesco KBW Bank ETF 0.16% 26,838 $2.3M New
UJUL Innovator U.S. Equity Ultra 0.16% 58,373 $2.3M Reduce -5.7%
BA The Boeing Co. 0.16% 10,306 $2.2M Add +0.1%
MDT Medtronic PLC 0.15% 23,133 $2.2M Reduce -0.9%
FDL First Trust Morn DVD Lead Inc. 0.15% 49,914 $2.2M Add +13.7%
CARR Carrier Global Corp. 0.15% 41,151 $2.2M Reduce -1.0%
PYLD PIMCO Multisector Bond Actv 0.15% 79,956 $2.1M Add +658.0%
FNDX Schwab Fndmntl US LRG Co. ETF 0.15% 78,318 $2.1M Reduce -81.3%
QCOM Qualcomm Inc. 0.15% 12,421 $2.1M Add +1.2%
GLDM SPDR Gold Minishares Trust 0.15% 24,853 $2.1M Reduce -56.4%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.14% 34,117 $2.1M Add +10.6%
ABT Abbott Laboratories 0.14% 16,358 $2.0M Add +0.7%
STIP iShares 0-5 Year Tips Bond E 0.14% 19,871 $2.0M Reduce -15.2%
FTSL First Trust Senior Loan ETF 0.14% 44,263 $2.0M Reduce -0.8%
COP Conocophillips 0.14% 20,874 $2.0M Add +7.6%
APO Apollo Global Management Inc. 0.13% 13,191 $1.9M Reduce -6.0%
DBEF Xtrackers MSCI Eafe Hedged E 0.13% 38,903 $1.9M Add +9.9%
NFLX Netflix Inc. 0.13% 19,954 $1.9M Reduce -24.3%
VYM Vanguard High DVD Yield ETF 0.13% 12,926 $1.9M Add +2.1%
AVDV Avantis Intl S/C Value ETF 0.13% 19,726 $1.9M Reduce -0.2%
IBIT iShares Bitcoin Trust ETF 0.13% 37,179 $1.8M Reduce -35.0%
OTIS Otis Worldwide Corp. 0.13% 21,008 $1.8M Add +1.9%
BND Vanguard Total Bond Market 0.13% 24,384 $1.8M Add +49.9%
PRU Prudential Financial Inc. 0.13% 15,988 $1.8M Add +14.2%
UPS United Parcel Service Class B 0.12% 17,998 $1.8M Add +22.6%
PM Philip Morris International 0.12% 10,951 $1.8M Add +4.6%
VCSH Vanguard S/T Corp. Bond ETF 0.12% 21,043 $1.7M Reduce -17.3%
HGER Harbor Commodity All Weather 0.12% 67,510 $1.7M Add +100.6%
TIP iShares Tips Bond ETF 0.12% 15,203 $1.7M Reduce -2.5%
SO The Southern Co. 0.12% 19,060 $1.7M Reduce -35.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.11% 38,580 $1.6M Add +33.1%
FBTC Fidelity Wise Origin Bitcoin 0.11% 21,447 $1.6M Add +4.1%
UDEC Innovator U.S. Equity Ultra 0.11% 40,507 $1.6M Reduce -11.3%
MBB iShares MBS ETF 0.11% 16,663 $1.6M Reduce -0.4%
C Citigroup Inc. 0.11% 13,581 $1.6M Add +5.4%
T AT&T Inc. 0.11% 63,231 $1.6M Add +3.4%
YOU Clear Secure Inc. Class A 0.11% 44,689 $1.6M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.11% 10,172 $1.6M Reduce -11.5%
DXJ Wisdomtree Japan Hedged Eq 0.11% 10,806 $1.6M Add +42.8%
SPLB SS SPDR P Long Term C ETF 0.11% 68,778 $1.6M New
BBLU Ea Bridgeway Blue Chip ETF 0.11% 99,668 $1.5M Add +7.1%
ATI Ati Inc. 0.11% 13,236 $1.5M New
SPSM SS SPDR P S&P 600 Small Cap 0.10% 32,323 $1.5M Reduce -6.2%
IJH iShares Core S&P Midcap ETF 0.10% 22,896 $1.5M Add +6.0%
QLTY GMO U.S. Quality ETF 0.10% 38,690 $1.5M Reduce -14.7%
LMND Lemonade Inc. 0.10% 20,761 $1.5M New
OKE Oneok Inc. 0.10% 20,001 $1.5M Reduce -0.0%
MET Metlife Inc. 0.10% 18,553 $1.5M Add +8.8%
ROAD Construction Partners Inc. Class A 0.10% 13,458 $1.5M New
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.10% 55,100 $1.5M Add +13.8%
INDA iShares MSCI India ETF 0.10% 26,283 $1.4M Add +25.0%
XLC SS Comm Select Sector SPDR 0.10% 12,010 $1.4M Add +4.6%
FSSL FS Specialty Lending Fund 0.10% 99,326 $1.4M New
KMB Kimberly-Clark Corp. 0.10% 13,786 $1.4M Add +213.8%
BITB Bitwise Bitcoin ETF 0.09% 28,459 $1.4M Reduce -3.9%
XLF SS Financial Select Sector 0.09% 23,806 $1.3M Add +3.3%
XLY SS Consumer Disc Select Sect 0.09% 10,888 $1.3M Add +1.8%
WMB Williams Cos Inc. 0.09% 21,609 $1.3M Reduce -1.9%
GILD Gilead Sciences Inc. 0.09% 10,569 $1.3M Reduce -5.8%
NVTS Navitas Semiconductor Corp. 0.09% 180,950 $1.3M Reduce -35.6%
GOVT iShares US Treasury Bond ETF 0.09% 55,769 $1.3M Reduce -3.0%
USEP Innovator U.S. Equity Ultra 0.09% 32,466 $1.3M Reduce -0.4%
VGSH Vanguard Short-Term Treasury 0.09% 21,743 $1.3M Add +8.4%
MO Altria Group Inc. 0.09% 21,825 $1.3M Reduce -4.5%
SPHY SS SPDR P High Yield ETF 0.09% 53,130 $1.3M Add +0.4%
REIT Alps Active REIT ETF 0.09% 47,670 $1.3M Add +7.4%
GOVI Invesco Equal Weight 0-30 YR 0.09% 44,801 $1.2M Reduce -9.3%
MAIN Main Street Capital Corp. 0.09% 20,430 $1.2M Reduce -1.6%
IQLT iShares MSCI International Q 0.08% 26,657 $1.2M Add +2.3%
IAU iShares Gold Trust 0.08% 14,547 $1.2M Reduce -12.2%
USB US Bancorp 0.08% 22,023 $1.2M Add +14.6%
GRNY Fundstr Gran SH US LRG Cap 0.08% 47,364 $1.2M Reduce -0.4%
SCHE Schwab Emrg Mrkts Eqty ETF 0.08% 35,222 $1.2M Add +39.2%
IXUS iShares Core Intl Stock ETF 0.08% 13,528 $1.1M Reduce -14.8%
SPIB SS SPDR P Int C Corp. ETF 0.08% 33,861 $1.1M Reduce -10.5%
QTUM Defiance Quantum ETF 0.08% 10,384 $1.1M Add +155.1%
FCBD Frontier Asset Core Bond ETF 0.08% 43,708 $1.1M Reduce -7.5%
VGMS Vanguard Multi-Sector 0.08% 21,370 $1.1M New
WPC WP Carey Inc. 0.08% 17,074 $1.1M Reduce -1.9%
IVT Inventrust Properties Corp. 0.08% 38,873 $1.1M Reduce -5.1%
ICVT iShares Convertible Bond ETF 0.07% 10,987 $1.1M Add +4.7%
GFEB FT Vest US Equity Moderate B 0.07% 25,850 $1.1M Reduce -10.4%
SCHZ Schwab US Aggregate Bond ETF 0.07% 44,935 $1.1M Reduce -18.2%
AAAU Goldman Sachs Physical Gold 0.07% 24,513 $1.0M Reduce -14.9%
CRWV Coreweave Inc. Class A 0.07% 14,498 $1.0M Add +134.4%
CSX CSX Corp. 0.07% 28,527 $1.0M Add +13.2%
FTHY First Trust Hi YLD Opp 2027 0.07% 73,046 $1.0M Reduce -77.9%
CMCSA Comcast Corp. Class A 0.07% 34,205 $1.0M Reduce -2.3%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.07% 12,625 $1.0M Add +6.2%
VGVT Vanguard Govt Sec Active ETF 0.07% 13,302 $1.0M New
GTO Invesco Total Return Bond Et 0.07% 21,141 $1.0M Add +3.4%
ISTB iShares Core 1-5 Year Usd Bo 0.07% 20,187 $984K Reduce -71.8%
ANGL Vaneck Fallen Angel High YLD 0.07% 33,097 $972K Add +3.8%
BSV Vanguard Short-Term Bond ETF 0.06% 11,634 $917K Add +5.2%
PECO Phillips Edison & Company Inc. 0.06% 25,684 $914K Add +0.2%
VMBS Vanguard Mortgage-Backed Sec 0.06% 19,110 $900K Reduce -34.0%
INTC Intel Corp. 0.06% 24,331 $898K Add +76.6%
CG The Carlyle Group Inc. 0.06% 15,131 $894K Reduce -1.5%
IAGG iShares Intl Aggregate Bond 0.06% 17,500 $875K Add +4.9%
BKLN Invesco Senior Loan ETF 0.06% 41,656 $875K Reduce -8.1%
KJAN Innovator U.S. Small Cap Pow 0.06% 20,475 $848K No change
BNDX Vanguard Total Intl Bond ETF 0.06% 17,409 $841K Add +9.7%
ARCC Ares Capital Corp. 0.06% 41,576 $841K Add +0.4%
XLE SS Energy Select Sector 0.06% 18,777 $840K Add +9.3%
USIG iShares Broad Usd Investment 0.06% 16,092 $833K Reduce -3.5%
FLCE Frontier Aset US L CP Eq ETF 0.06% 29,013 $831K Reduce -7.1%
FRDM Freedom 100 Emeging MRKT ETF 0.06% 16,178 $829K Add +15.4%
CMBS iShares CMBS ETF 0.06% 16,479 $809K Add +7.8%
SJNK SS SPDR BB St Hi Yield ETF 0.06% 31,840 $806K Add +25.0%
IXHL Incannex Healthcare Inc. 0.06% 2,223,450 $796K Add +88.7%
SCHP Schwab U.S. Tips ETF 0.05% 29,797 $789K Reduce -5.2%
EVSM Eaton Vance SHRT Dur Muni 0.05% 15,656 $789K Add +4.4%
UMAR Innovator U.S. Equity Ultra 0.05% 19,381 $775K Reduce -1.4%
JEPI JPMorgan Equity Premium Inco 0.05% 13,529 $774K Add +1.8%
UOCT Innovator U.S. Equity Ultra 0.05% 21,104 $752K Add +250.0%
SPMD SS SPDR P S&P 400 Midcap ETF 0.05% 12,953 $750K Add +4.8%
BALT Inn Defined Wealth Shield 0.05% 21,083 $706K Add +1.6%
TBBK The Bancorp Inc. 0.05% 10,134 $684K Add +6.1%
AHR American Healthcare REIT Inc. 0.05% 14,254 $671K Add +10.6%
MPLX MPLX LP 0.05% 12,494 $667K Add +19.6%
EJAN Innovator Emerging Markets P 0.05% 19,712 $666K No change
ET Energy Transfer LP 0.05% 40,180 $663K Add +4.0%
EPD Enterprise Products Partners 0.05% 20,284 $650K Reduce -4.1%
SILA Sila Realty Trust Inc. 0.04% 27,492 $641K Reduce -4.8%
FGSM Frontier Global Smal Cap ETF 0.04% 21,171 $637K Reduce -7.4%
POCT Innovator U.S. Equity Power 0.04% 14,338 $630K Add +3.9%
SCHD Schwab US DVD Equity ETF 0.04% 22,791 $625K Add +6.8%
ZVRA Zevra Therapeutics Inc. 0.04% 69,769 $625K Reduce -6.1%
VRIG Invesco Variable Rate Invest 0.04% 24,048 $604K Reduce -1.3%
EMO Clearbridge Energy Midstream 0.04% 13,200 $589K Add +29.7%
THRO iShares U.S. Thematic Rotati 0.04% 15,014 $579K Add +2.1%
ACHR Archer Aviation Inc. Class A 0.04% 76,905 $578K Add +0.6%
DIVO Amplify CWP Enhan Divid ETF 0.04% 12,977 $577K Add +20.4%
GSY Invesco Ultra Short Duration 0.04% 11,435 $575K Reduce -3.4%
SOVF Sovereign's Capital Flourish 0.04% 19,679 $574K Reduce -39.7%
BAI Ishrs AI in and Tech Act ETF 0.04% 17,129 $570K Add +38.3%
LVHI Franklin International Low V 0.04% 15,309 $564K Reduce -1.7%
SKYT Skywater Technology Inc. 0.04% 30,950 $562K New
GCT Gigacloud Technology Inc. Class A 0.04% 14,200 $558K Reduce -4.0%
FITB Fifth Third Bancorp 0.04% 11,881 $556K Add +41.8%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.04% 12,805 $554K Reduce -47.3%
BTAL Agf US Market Neutral Anti-B 0.04% 38,054 $548K Add +5.0%
SRLN SS Blackstone Sr Loan ETF 0.04% 13,245 $547K Reduce -4.2%
UNOV Innovator U.S. Equity Ultra 0.04% 14,136 $538K Reduce -1.0%
GMAY FT Vest U.S. Equity Moderate 0.04% 13,000 $537K No change
BMAY Innovator U.S. Equity Buffer 0.04% 11,953 $536K Reduce -0.9%
FOPC Frontier Ast Oport Crdit ETF 0.04% 20,957 $535K Reduce -6.4%
BSCR Invesco Bulletshares 2027 CB 0.04% 27,110 $535K No change
PFF iShares Preferred & Income S 0.04% 17,246 $534K Reduce -2.4%
BSCQ Invesco Bulletshares 2026 CB 0.04% 27,204 $533K No change
RKT Rocket Cos Inc. Class A 0.04% 27,316 $529K New
ACDC Profrac Holding Corp. Class A 0.04% 135,126 $526K Reduce -18.2%
TDVG T Rowe Price Dividend Growth 0.04% 11,536 $519K Add +1.8%
FBRT Franklin BSP Realty Trust Inc. 0.04% 51,630 $518K Reduce -8.5%
ETHW Bitwise Ethereum ETF 0.04% 24,023 $511K Reduce -7.4%
TSPY Tappalpha S&P 500 GR & Di-US 0.03% 19,607 $500K Reduce -3.1%
SBET Sharplink Inc. 0.03% 55,249 $494K Add +6.9%
BSCS Invesco Bulletshares 2028 CB 0.03% 23,757 $489K Reduce -9.5%
FINT Frontier Ast T Ination E ETF 0.03% 15,263 $482K Reduce -7.5%
FSCO FS Credit Opportunities Corp. 0.03% 76,423 $481K Add +6.6%
PSFF Pacer Swan Sos Fund of Funds 0.03% 14,868 $481K Reduce -16.4%
BTC Grayscale Bitcoin Mini ETF 0.03% 12,205 $473K Add +62.2%
BUFR FT Vest Lad Buffervetf-Usd I 0.03% 13,690 $469K Reduce -2.1%
ARKB ARK 21SHARES Bitcoin ETF 0.03% 15,393 $447K Reduce -17.5%
JULM FT Vest US Eq Max Buf July 0.03% 13,050 $438K No change
DOC Healthpeak Properties Inc. 0.03% 26,507 $426K Reduce -8.7%
QBTS D-Wave Quantum Inc. 0.03% 16,296 $426K Reduce -16.7%
XETYX Eaton Vance Tax-MGD Div Eqty 0.03% 27,140 $416K Reduce -0.2%
COWG Pacer US LRG Cap Cows GR LD 0.03% 11,801 $416K Add +2.5%
BMNR Bitmine Immersion Technologi 0.03% 15,272 $415K Add +13.7%
TR Tootsie Roll Inds 0.03% 11,014 $403K New
KVUE Kenvue Inc. 0.03% 22,507 $388K Add +0.6%
BBDC Barings BDC Inc. 0.03% 40,921 $376K No change
QYLD Global X Nasd 100 Cov Call 0.03% 21,176 $374K Reduce -11.2%
QCJL FT NSDQ 100 CN Buff ETF-Jul 0.02% 15,015 $356K No change
KRG Kite Realty Group Trust 0.02% 14,855 $356K No change
WHG Westwood Holdings Group Inc. 0.02% 20,220 $348K No change
CFLT Confluent Inc. Class A 0.02% 11,287 $341K New
RDW Redwire Corp. 0.02% 44,000 $334K New
HFND Unltd HFND Mult St Ret Track 0.02% 14,783 $333K Reduce -1.4%
OBDC Blue Owl Capital Corp. 0.02% 26,521 $330K Reduce -18.2%
NFEB Innov GRW-100 Por Bu ETF - F 0.02% 11,315 $317K Reduce -61.1%
BITQ Bitwise Crypto Indu Inno ETF 0.02% 15,850 $316K New
FALN iShares Fallen Angels ETF 0.02% 11,266 $308K Reduce -1.7%
ACAD Acadia Pharmaceuticals Inc. 0.02% 11,500 $307K Reduce -15.6%
BSJR Invesco Bulletshares 2027 HY 0.02% 13,502 $305K No change
ESCA Escalade Inc. 0.02% 22,595 $305K Reduce -0.0%
PSTL Postal Realty Trust Inc. Class A 0.02% 18,846 $304K Reduce -0.1%
BSJQ Invesco Bulletshares 2026 HY 0.02% 13,013 $304K No change
HTAB Hartford Schroders Tax Aware 0.02% 15,849 $304K Reduce -5.5%
EMHC SS SPDR BB Em Usd Bond ETF 0.02% 11,724 $298K Reduce -0.8%
HRL Hormel Foods Corp. 0.02% 12,258 $291K New
NTLA Intellia Therapeutics Inc. 0.02% 30,843 $277K Add +103.3%
XHR Xenia Hotels & Resorts Inc. 0.02% 18,856 $267K Reduce -4.8%
MTG Mgic Investment Corp. 0.02% 10,286 $265K New
SONY Sony Group Corp. - SP ADR 0.02% 10,252 $262K Reduce -16.1%
SGC Superior Group of Cos Inc. 0.02% 26,735 $259K Add +40.8%
COPY Tweedy Browne Insdr+valu ETF 0.02% 20,035 $258K New
RGP Resources Connection Inc. 0.02% 49,726 $251K Add +96.0%
NFLT Virtus Newfleet Multi-Sector 0.02% 10,795 $249K Add +0.3%
PCY Invesco Emerging Markets Sov 0.02% 11,096 $240K Add +7.5%
DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD 0.02% 37,504 $231K Reduce -17.3%
BAX Baxter International Inc. 0.02% 11,666 $223K New
SSRM SSR Mining Inc. 0.02% 10,000 $219K No change
ENR Energizer Holdings Inc. 0.02% 10,975 $218K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.01% 18,637 $217K Reduce -18.2%
MNRO Monro Inc. 0.01% 10,588 $212K New
NZF Nuveen Municipal Credit Inc. 0.01% 16,381 $206K Reduce -17.9%
AFB Allianceberstein NTL Muni 0.01% 18,901 $205K Reduce -54.1%

Portfolio Sells Q3 2025 → Q4 2025
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.99
NMAR Innovator GRW-100 PB ETF Mar Sold out 0.00% −0.80
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -81.3% 0.15% −0.54
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -33.2% 1.67% −0.54
SPYG SS SPDR P S&P 500 Growth ETF Reduce -43.4% 0.61% −0.35
CASY Casey's General Stores Inc. Sold out 0.00% −0.30
AXP American Express Co. Sold out 0.00% −0.29
GS Goldman Sachs Group Inc. Sold out 0.00% −0.29
LLY Eli Lilly & Co. Sold out 0.00% −0.27
VOO Vanguard S&P 500 ETF Reduce -29.3% 0.94% −0.23
FTHY First Trust Hi YLD Opp 2027 Reduce -77.9% 0.07% −0.23
VXX Ipath Series B S&P 500 Vix Sold out 0.00% −0.23
NVDA Nvidia Corp. Reduce -16.8% 2.56% −0.22
CAT Caterpillar Inc. Sold out 0.00% −0.21
COST Costco Wholesale Corp. Sold out 0.00% −0.21
OEF iShares S&P 100 ETF Sold out 0.00% −0.17
BLK BlackRock Inc. Sold out 0.00% −0.17
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.16
PH Parker Hannifin Corp. Sold out 0.00% −0.16
USO United States Oil Fund LP Sold out 0.00% −0.16
PANW Palo Alto Networks Inc. Sold out 0.00% −0.16
ISTB iShares Core 1-5 Year Usd Bo Reduce -71.8% 0.07% −0.15
UBER Uber Technologies Inc. Sold out 0.00% −0.15
LMT Lockheed Martin Corp. Sold out 0.00% −0.15
APP AppLovin Corp. Class A Sold out 0.00% −0.14
MCO Moody's Corp. Sold out 0.00% −0.14
AMD Advanced Micro Devices Sold out 0.00% −0.14
TCHI iShares MSCI China Tech Sold out 0.00% −0.14
ANET Arista Networks Inc. Reduce -43.0% 0.18% −0.13
BX Blackstone Inc. Sold out 0.00% −0.13
IESC Ies Holdings Inc. Sold out 0.00% −0.13
GE General Electric Sold out 0.00% −0.13
MA Mastercard Inc. Class A Sold out 0.00% −0.13
ORCL Oracle Corp. Sold out 0.00% −0.13
GLDM SPDR Gold Minishares Trust Reduce -56.4% 0.15% −0.13
META Meta Platforms Inc. Class A Reduce -13.5% 0.77% −0.12
IMCG iShares Morningstar Mid-Cap Sold out 0.00% −0.12
UNH Unitedhealth Group Inc. Sold out 0.00% −0.12
QUAL iShares MSCI USA Quality Fac Sold out 0.00% −0.12
VT Vanguard Tot World STK ETF Sold out 0.00% −0.12
ALAB Astera Labs Inc. Sold out 0.00% −0.12
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.12
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.12
DE Deere & Co. Sold out 0.00% −0.12
HON Honeywell International Inc. Sold out 0.00% −0.11
GEV GE Vernova Inc. Sold out 0.00% −0.11
ETHA iShares Ethereum Trust ETF Sold out 0.00% −0.11
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.11
MP MP Materials Corp. Sold out 0.00% −0.11
IEO iShares U.S. Oil & Gas Explo Sold out 0.00% −0.10

Portfolio Buys Q3 2025 → Q4 2025
DIS The Walt Disney Co. Add +40.0% 3.63% +1.27
GLD SPDR Gold Shares Add +138.0% 1.57% +1.03
INVESCO QQQ TR New 0.97% +0.97
BIL SS SPDR BB 1-3M T-Bill ETF Add +67.5% 1.67% +0.76
SH Proshares Short S&P500 New 0.71% +0.71
AKRE Akre Focus ETF New 0.69% +0.69
AAPL Apple Inc. Add +3.8% 3.03% +0.56
OMFL Invesco Russell 1000 DYN M/F New 0.53% +0.53
NFJ Virtus DVD Intrst & PRM STR New 0.49% +0.49
QQQM Invesco Nasdaq 100 ETF Add +54.8% 1.08% +0.46
GOOGL Alphabet Inc. Class A Add +0.5% 1.39% +0.41
CEFS Saba Opport Hedg Cef ETF-Usd New 0.39% +0.39
PVAL Putnam Focused LRG Cap Value Add +3.2% 1.95% +0.35
RSP Invesco S&P 500 Equal Weight Add +3.0% 2.55% +0.33
RIV Rivernorth Opportunities New 0.31% +0.31
TSLA Tesla Inc. Add +33.1% 0.89% +0.29
XBI SS SPDR S&P Biotech ETF Add +142.3% 0.40% +0.28
SPHQ Invesco S&P 500 Quality ETF New 0.28% +0.28
SHY iShares 1-3 Year Treasury Bo Add +488.5% 0.33% +0.28
SPAB SS SPDR P Agg Bond ETF Add +4.5% 2.10% +0.28
MU Micron Technology Inc. Add +98.4% 0.38% +0.28
SOXX iShares Semiconductor ETF Add +49.1% 0.59% +0.27
IDU iShares US Utilities ETF New 0.27% +0.27
XLV SS Health Care Select Sector Add +211.4% 0.36% +0.26
VWO Vanguard Ftse Emerging Marke Add +48.2% 0.68% +0.26
KBE SS SPDR S&P Bank ETF New 0.24% +0.24
BINC iShares Flex I A ETF-Usd Inc. Add +1.8% 2.29% +0.24
XOP SS SPDR S&P Og Exp & Prod New 0.23% +0.23
KIE SS SPDR S&P Insurance ETF New 0.23% +0.23
LRCX Lam Research Corp. Add +242.1% 0.28% +0.22
BPRE Bluerock Private Real Estate New 0.19% +0.19
SHV iShares 0-1 Year Treasury Bo Add +21.0% 0.75% +0.19
IYW iShares Ustechnology ETF Add +246.9% 0.24% +0.18
AVGO Broadcom Inc. Add +5.0% 1.01% +0.18
NDAQ Nasdaq Inc. New 0.18% +0.18
KGC Kinross Gold Corp. Add +262.9% 0.21% +0.16
HL Hecla Mining Co. New 0.16% +0.16
KBWB Invesco KBW Bank ETF New 0.16% +0.16
GD General Dynamics Corp. Add +109.8% 0.28% +0.16
NEM Newmont Corp. Add +706.4% 0.16% +0.15
QUIZ Zacks QLTY Inter'l Fund Add +180.9% 0.21% +0.14
MSFT Microsoft Corp. Add +5.1% 1.75% +0.14
XOM Exxon Mobil Corp. Add +6.6% 0.67% +0.14
GDX Vaneck Gold Miners ETF Add +256.3% 0.17% +0.13
PYLD PIMCO Multisector Bond Actv Add +658.0% 0.15% +0.13
FLTR Vaneck Ig Floating Rate ETF Add +2.9% 1.07% +0.13
VEA Vanguard Ftse Developed ETF Add +4.4% 0.73% +0.12
IEI iShares 3-7 Year Treasury Bo Add +196.9% 0.18% +0.12
SPTM SS SPDR P S&P 1500 Comp ETF Add +1.4% 0.95% +0.12
YOU Clear Secure Inc. Class A New 0.11% +0.11

Notes & Other Activity Q3 2025 → Q4 2025
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 Sold out 78,500 $22Kbefore exit
KIDZW Classover Holdings Inc. - 30 *W EXP 04/03/203 Sold out 42,100 $3Kbefore exit
CLEARBRIDGE ENERGY MI-RT RIGHT 10/10/2025 Sold out 10,188 $0before exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 334$1.5BAAPL, RSP, BINC, DIS, NVDA
Q1 2026Amended 321$1.3BBINC, DIS, RSP, AAPL, FBND
Q4 2025Amended 360$1.4BDIS, AAPL, NVDA, RSP, BINC
Q3 2025 761$1.6BNVDA, AAPL, DIS, RSP, SPYM
Q2 2025 717$1.4BDIS, NVDA, RSP, AAPL, SPAB
Q1 2025 713$1.3BAAPL, DIS, NVDA, FBND, RSP
Q4 2024 743$1.4BAAPL, VOO, DIS, QQQ, NVDA
Q3 2024Amended 704$1.2BVOO, DIS, AAPL, QQQ, RSP
Q2 2024 724$1.2BAAPL, QQQ, VOO, FSK, DIS
Q1 2024 376$1.1BABBV, DIS, RSP, QQQ, VOO