Arlington Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Arlington Capital Management, Inc. reported 103 stock positions worth $156.6 million. Its top holding was iShares Gold Trust (IAU) at 9.2% of the portfolio, followed by Proshares Short S&P500 (SH, 7.8%) and iShares 20+ Year Treasury BD (TLT, 5.6%). Compared with Q2 2025, it opened 32 new positions, sold out of 9, added to 29 and reduced 34. The biggest buy was a new position in Proshares Short S&P500 (SH) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- ARLINGTON HEIGHTS, IL
- CIK
- 0001606507
- Portfolio Value
- $156.6M (Q3 2025)
- SEC Filing
- 0001606507-25-000008 ↗ filed Nov 14, 2025
Holdings Value
Holdings 103 stocks · $156.6M
| IAU iShares Gold Trust | 9.18% | 197,460 | $14.4M | Reduce -1.5% |
| SH Proshares Short S&P500 | 7.83% | 331,634 | $12.3M | New |
| TLT iShares 20+ Year Treasury BD | 5.58% | 97,816 | $8.7M | Reduce -10.9% |
| NVDA Nvidia Corp. | 5.01% | 42,013 | $7.8M | Reduce -1.0% |
| GDX Vaneck Gold Miners ETF | 3.46% | 70,990 | $5.4M | Add +0.9% |
| VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC | 3.44% | 162,630 | $5.4M | Add +755.1% |
| GREK Global X MSCI Greece ETF | 3.23% | 78,477 | $5.1M | Add +0.6% |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 2.70% | 62,126 | $4.2M | Add +0.6% |
| SAN Banco Santander SA-Spon ADR | 2.28% | 341,096 | $3.6M | Add +5.8% |
| IREN Iren Ltd. filed as IREN LIMITED | 2.28% | 76,117 | $3.6M | New |
| WGMI CS BTC Min Dig PWR ETF | 2.19% | 77,575 | $3.4M | New |
| SAP Sap SE-Sponsored ADR | 2.19% | 12,835 | $3.4M | Add +61.5% |
| EPOL iShares MSCI Poland ETF | 2.16% | 104,902 | $3.4M | Reduce -20.9% |
| AU Anglogold Ashanti PLC | 2.10% | 46,658 | $3.3M | Add +3.4% |
| AS Amer Sports Inc. | 2.04% | 92,121 | $3.2M | Add +16.9% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 2.01% | 163,509 | $3.1M | Add +0.5% |
| EWI iShares MSCI Italy ETF | 2.00% | 60,164 | $3.1M | Reduce -25.2% |
| EWP iShares MSCI Spain ETF | 1.99% | 62,973 | $3.1M | New |
| EWO iShares MSCI Austria ETF | 1.96% | 99,104 | $3.1M | Reduce -24.2% |
| FGM First Trust Germany | 1.94% | 51,741 | $3.0M | New |
| EFNL iShares MSCI Finland ETF | 1.90% | 69,613 | $3.0M | Reduce -25.4% |
| OKLO Oklo Inc. | 1.68% | 23,524 | $2.6M | New |
| BGLD FT Vest Gold Strategy Quarte | 1.47% | 96,500 | $2.3M | Reduce -33.9% |
| TBJL Innovator 20 YR T Bond 9 Buf | 1.32% | 102,923 | $2.1M | Reduce -26.0% |
| EFV iShares MSCI Eafe Value ETF | 1.25% | 28,749 | $2.0M | Add +26.5% |
| GOOG Alphabet Inc. Class C | 1.22% | 7,842 | $1.9M | Reduce -11.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.21% | 3,957 | $1.9M | Add +16.1% |
| MSFT Microsoft Corp. | 0.96% | 2,917 | $1.5M | Add +3.3% |
| PLTR Palantir Technologies Inc. Class A | 0.85% | 7,261 | $1.3M | Reduce -6.3% |
| OXLC Oxford Lane Capital Corp. | 0.84% | 78,082 | $1.3M | Add +112.2% |
| VRT Vertiv Holdings Co. Class A | 0.84% | 8,762 | $1.3M | Reduce -1.2% |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 0.78% | 127,521 | $1.2M | Add +42.0% |
| NJUL Innovator Growth 100 Power B | 0.70% | 15,504 | $1.1M | Add +82.0% |
| BUFY Ftvest Lddrdintlmod Buff ETF | 0.69% | 50,051 | $1.1M | Add +54.1% |
| NAPR Innovator Growth 100 Power B | 0.69% | 20,423 | $1.1M | New |
| REM iShares Mortgage Real Estate | 0.67% | 47,931 | $1.1M | New |
| HFRO Highland Opport & Income | 0.64% | 158,438 | $1.0M | Reduce -9.5% |
| RA Brookfield Real Assets Incom | 0.63% | 73,555 | $983K | Reduce -2.3% |
| TFJL Innovator 20 YR Treas Bond 5 | 0.62% | 47,692 | $968K | Reduce -23.6% |
| PCN PIMCO Corporate & Income STR | 0.61% | 71,421 | $956K | Reduce -6.7% |
| VXZ Ipath Ser B S&P 500 Vix M/T filed as BARCLAYS BANK PLC | 0.60% | 16,890 | $937K | New |
| AMZN Amazon.com Inc. | 0.56% | 4,009 | $880K | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 0.51% | 1,085 | $797K | No change |
| SMCI Super Micro Computer Inc. | 0.48% | 15,793 | $757K | Add +7.2% |
| AVGO Broadcom Inc. | 0.46% | 2,162 | $713K | Add +10.3% |
| VMBS Vanguard Mortgage-Backed Sec | 0.44% | 14,798 | $695K | Reduce -4.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.42% | 5,851 | $652K | Reduce -6.9% |
| XLE SS Energy Select Sector | 0.38% | 6,653 | $594K | New |
| XLB SS Materials Select Sector | 0.37% | 6,399 | $573K | New |
| NOCT Innovator Growth-100 Power B | 0.35% | 9,654 | $548K | Reduce -6.4% |
| AAPL Apple Inc. | 0.35% | 2,133 | $543K | Reduce -0.8% |
| ANET Arista Networks Inc. | 0.33% | 3,555 | $518K | Reduce -5.3% |
| XLK SS Technology Select Sector | 0.33% | 1,813 | $511K | Add +6.4% |
| IGV iShares Expanded Tech-Softwa | 0.30% | 4,101 | $472K | Reduce -0.4% |
| BMNR Bitmine Immersion Technologi | 0.30% | 8,966 | $466K | New |
| SMH Vaneck Semiconductor ETF | 0.30% | 1,418 | $463K | Reduce -0.2% |
| XLC SS Comm Select Sector SPDR | 0.29% | 3,782 | $448K | Add +38.8% |
| XLF SS Financial Select Sector | 0.28% | 8,158 | $439K | Add +7.2% |
| AMD Advanced Micro Devices | 0.28% | 2,703 | $437K | No change |
| XLI SS Industrial Select Sector | 0.27% | 2,747 | $424K | Add +5.3% |
| GBTC Grayscale Bitcoin Trust ETF | 0.26% | 4,593 | $412K | Reduce -2.7% |
| DNP DNP Select Income Fund Inc. | 0.26% | 41,073 | $411K | Reduce -0.5% |
| DELL Dell Technologies -C | 0.26% | 2,889 | $410K | No change |
| IJUN Innov Intl Dev PB ETF - June | 0.26% | 14,386 | $409K | Reduce -6.5% |
| IJAN Innovator International Deve | 0.26% | 11,518 | $405K | Reduce -5.8% |
| MSTR Strategy Inc. | 0.23% | 1,135 | $366K | No change |
| XLY SS Consumer Disc Select Sect | 0.23% | 1,500 | $359K | Add +6.7% |
| ABBV Abbvie Inc. | 0.22% | 1,506 | $349K | No change |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.22% | 21,442 | $343K | Reduce -18.8% |
| HUBB Hubbell Inc. | 0.21% | 760 | $327K | No change |
| ETJ Eaton Vance RSK-MGD Divers | 0.20% | 35,213 | $317K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.19% | 1,064 | $297K | Add +10.1% |
| NJAN Innovator Growth 100 Power B | 0.18% | 5,258 | $280K | Reduce -5.9% |
| CCIF Carlyle Credit Income Fund | 0.18% | 47,730 | $278K | New |
| XLRE SS Real Estate Select Sector | 0.17% | 6,469 | $273K | Add +6.0% |
| IDXX Idexx Laboratories Inc. | 0.17% | 422 | $270K | New |
| QCAP FT NSDQ100CONSBUFFETF - Apr | 0.17% | 11,328 | $264K | Reduce -6.9% |
| BUFZ FT Vest Laddered Moderate Bu | 0.17% | 10,086 | $261K | Reduce -4.7% |
| XJUL FT Vest US Equity Enhance & | 0.16% | 6,661 | $256K | New |
| RMI Rivernorth Opport Muni Inc. | 0.16% | 17,301 | $253K | New |
| AGX Argan Inc. | 0.16% | 930 | $251K | New |
| XBKNX BlackRock Invest QLTY Muni | 0.16% | 21,875 | $248K | New |
| ABT Abbott Laboratories | 0.16% | 1,841 | $247K | No change |
| SE Sea Ltd.-ADR | 0.16% | 1,373 | $245K | New |
| RCL Royal Caribbean Cruises Ltd. | 0.16% | 758 | $245K | Add +0.3% |
| LLY Eli Lilly & Co. | 0.16% | 320 | $244K | New |
| XAPR FT Eqbuff&preminc - April | 0.16% | 6,806 | $244K | New |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.15% | 16,020 | $242K | New |
| MNST Monster Beverage Corp. | 0.15% | 3,516 | $237K | New |
| PDT John Hancock Prem DVD FND | 0.15% | 17,149 | $229K | Add +24.2% |
| PGR Progressive Corp. | 0.14% | 910 | $225K | New |
| LYG Lloyds Banking Group PLC-ADR | 0.14% | 49,476 | $225K | Add +17.5% |
| NWG Natwest Group PLC -Spon ADR | 0.14% | 15,862 | $224K | New |
| PSF Cohen & Steers Select Prefer | 0.14% | 10,574 | $220K | Reduce -1.5% |
| HPI John Hancock Prefer Inc. | 0.14% | 12,594 | $219K | New |
| PODD Insulet Corp. | 0.14% | 700 | $216K | New |
| XOCT FT Vest US Equity Enhance & | 0.13% | 5,673 | $209K | New |
| VIXM Proshares Vix Mid-Term Fut | 0.13% | 12,728 | $201K | New |
| OIA Invesco Municipal Income Opp | 0.12% | 30,109 | $182K | New |
| GCV Gabelli Convert & Inc. Sec | 0.11% | 42,217 | $174K | Add +0.5% |
| MCN Xai Madison Equity Premium I | 0.10% | 26,491 | $163K | Reduce -9.2% |
| EDF VSH Emerging Markets Income filed as VIRTUS STONE HBR EMRG MKTS I | 0.10% | 32,252 | $163K | New |
| RYDE Ryde Group Ltd. Class A | 0.01% | 20,790 | $8K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| TLT iShares 20+ Year Treasury BD | Reduce -10.9% | 5.58% | −2.84 |
| LEU Centrus Energy Corp. Class A | Sold out | 0.00% | −2.35 |
| FMS Fresenius Medical Care-ADR | Sold out | 0.00% | −2.23 |
| IAU iShares Gold Trust | Reduce -1.5% | 9.18% | −1.69 |
| EPOL iShares MSCI Poland ETF | Reduce -20.9% | 2.16% | −1.56 |
| EFNL iShares MSCI Finland ETF | Reduce -25.4% | 1.90% | −1.41 |
| EWO iShares MSCI Austria ETF | Reduce -24.2% | 1.96% | −1.38 |
| EWI iShares MSCI Italy ETF | Reduce -25.2% | 2.00% | −1.37 |
| BGLD FT Vest Gold Strategy Quarte | Reduce -33.9% | 1.47% | −1.25 |
| TBJL Innovator 20 YR T Bond 9 Buf | Reduce -26.0% | 1.32% | −1.10 |
| NVDA Nvidia Corp. | Reduce -1.0% | 5.01% | −0.82 |
| OCSL Oaktree Specialty Lending Co. | Sold out | 0.00% | −0.82 |
| TFJL Innovator 20 YR Treas Bond 5 | Reduce -23.6% | 0.62% | −0.47 |
| PTY PIMCO Corporate & Income Opp | Sold out | 0.00% | −0.38 |
| JAJL Innovator Edp ETF - 6M Ja | Sold out | 0.00% | −0.37 |
| GUT Gabelli Utility Trust | Sold out | 0.00% | −0.35 |
| VPU Vanguard Utilities ETF | Sold out | 0.00% | −0.34 |
| RA Brookfield Real Assets Incom | Reduce -2.3% | 0.63% | −0.25 |
| QCJA FT NDQ100 CNS Buff ETF - Jan | Sold out | 0.00% | −0.24 |
| PCN PIMCO Corporate & Income STR | Reduce -6.7% | 0.61% | −0.23 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.21 |
| AMZN Amazon.com Inc. | Reduce -0.7% | 0.56% | −0.21 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -6.9% | 0.42% | −0.18 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -4.0% | 0.44% | −0.18 |
| HFRO Highland Opport & Income | Reduce -9.5% | 0.64% | −0.15 |
| VRT Vertiv Holdings Co. Class A | Reduce -1.2% | 0.84% | −0.15 |
| GOOG Alphabet Inc. Class C | Reduce -11.3% | 1.22% | −0.14 |
| NOCT Innovator Growth-100 Power B | Reduce -6.4% | 0.35% | −0.14 |
| IJUN Innov Intl Dev PB ETF - June | Reduce -6.5% | 0.26% | −0.11 |
| IJAN Innovator International Deve | Reduce -5.8% | 0.26% | −0.10 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -18.8% | 0.22% | −0.10 |
| IGV iShares Expanded Tech-Softwa | Reduce -0.4% | 0.30% | −0.09 |
| DNP DNP Select Income Fund Inc. | Reduce -0.5% | 0.26% | −0.09 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -2.7% | 0.26% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Reduce -6.3% | 0.85% | −0.07 |
| QCAP FT NSDQ100CONSBUFFETF - Apr | Reduce -6.9% | 0.17% | −0.07 |
| NJAN Innovator Growth 100 Power B | Reduce -5.9% | 0.18% | −0.07 |
| BUFZ FT Vest Laddered Moderate Bu | Reduce -4.7% | 0.17% | −0.06 |
| MCN Xai Madison Equity Premium I | Reduce -9.2% | 0.10% | −0.05 |
| SMH Vaneck Semiconductor ETF | Reduce -0.2% | 0.30% | −0.05 |
| PSF Cohen & Steers Select Prefer | Reduce -1.5% | 0.14% | −0.05 |
| AAPL Apple Inc. | Reduce -0.8% | 0.35% | −0.04 |
| ANET Arista Networks Inc. | Reduce -5.3% | 0.33% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| SH Proshares Short S&P500 | New | 7.83% | +7.83 |
| VXX Ipath Series B S&P 500 Vix | Add +755.1% | 3.44% | +2.65 |
| IREN Iren Ltd. | New | 2.28% | +2.28 |
| WGMI CS BTC Min Dig PWR ETF | New | 2.19% | +2.19 |
| EWP iShares MSCI Spain ETF | New | 1.99% | +1.99 |
| FGM First Trust Germany | New | 1.94% | +1.94 |
| OKLO Oklo Inc. | New | 1.68% | +1.68 |
| NAPR Innovator Growth 100 Power B | New | 0.69% | +0.69 |
| REM iShares Mortgage Real Estate | New | 0.67% | +0.67 |
| VXZ Ipath Ser B S&P 500 Vix M/T | New | 0.60% | +0.60 |
| XLE SS Energy Select Sector | New | 0.38% | +0.38 |
| XLB SS Materials Select Sector | New | 0.37% | +0.37 |
| AU Anglogold Ashanti PLC | Add +3.4% | 2.10% | +0.31 |
| BMNR Bitmine Immersion Technologi | New | 0.30% | +0.30 |
| GDX Vaneck Gold Miners ETF | Add +0.9% | 3.46% | +0.28 |
| ETJ Eaton Vance RSK-MGD Divers | New | 0.20% | +0.20 |
| NJUL Innovator Growth 100 Power B | Add +82.0% | 0.70% | +0.20 |
| CCIF Carlyle Credit Income Fund | New | 0.18% | +0.18 |
| OXLC Oxford Lane Capital Corp. | Add +112.2% | 0.84% | +0.17 |
| IDXX Idexx Laboratories Inc. | New | 0.17% | +0.17 |
| XJUL FT Vest US Equity Enhance & | New | 0.16% | +0.16 |
| RMI Rivernorth Opport Muni Inc. | New | 0.16% | +0.16 |
| AGX Argan Inc. | New | 0.16% | +0.16 |
| XBKNX BlackRock Invest QLTY Muni | New | 0.16% | +0.16 |
| SE Sea Ltd.-ADR | New | 0.16% | +0.16 |
| LLY Eli Lilly & Co. | New | 0.16% | +0.16 |
| XAPR FT Eqbuff&preminc - April | New | 0.16% | +0.16 |
| MMD Nylim Mackay Definedterm Mun | New | 0.15% | +0.15 |
| MNST Monster Beverage Corp. | New | 0.15% | +0.15 |
| PGR Progressive Corp. | New | 0.14% | +0.14 |
| NWG Natwest Group PLC -Spon ADR | New | 0.14% | +0.14 |
| HPI John Hancock Prefer Inc. | New | 0.14% | +0.14 |
| PODD Insulet Corp. | New | 0.14% | +0.14 |
| XOCT FT Vest US Equity Enhance & | New | 0.13% | +0.13 |
| VIXM Proshares Vix Mid-Term Fut | New | 0.13% | +0.13 |
| OIA Invesco Municipal Income Opp | New | 0.12% | +0.12 |
| EDF VSH Emerging Markets Income | New | 0.10% | +0.10 |
| BUFY Ftvest Lddrdintlmod Buff ETF | Add +54.1% | 0.69% | +0.10 |
| SAP Sap SE-Sponsored ADR | Add +61.5% | 2.19% | +0.09 |
| XLC SS Comm Select Sector SPDR | Add +38.8% | 0.29% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +10.1% | 0.19% | −0.00 |
| EFV iShares MSCI Eafe Value ETF | Add +26.5% | 1.25% | −0.01 |
| PDT John Hancock Prem DVD FND | Add +24.2% | 0.15% | −0.01 |
| LYG Lloyds Banking Group PLC-ADR | Add +17.5% | 0.14% | −0.01 |
| AVGO Broadcom Inc. | Add +10.3% | 0.46% | −0.01 |
| GCV Gabelli Convert & Inc. Sec | Add +0.5% | 0.11% | −0.03 |
| XLY SS Consumer Disc Select Sect | Add +6.7% | 0.23% | −0.04 |
| NMFC New Mountain Finance Corp. | Add +42.0% | 0.78% | −0.04 |
| SAN Banco Santander SA-Spon ADR | Add +5.8% | 2.28% | −0.04 |
| XLRE SS Real Estate Select Sector | Add +6.0% | 0.17% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 112 | $160.8M | NVDA, OIH, EWY, TLT, EWO |
| Q1 2026 | 111 | $177.3M | ACWI, NVDA, IAU, TLT, EPOL |
| Q4 2025 | 107 | $162.7M | IAU, NVDA, TLT, GDX, EPOL |
| Q3 2025 | 103 | $156.6M | IAU, SH, TLT, NVDA, GDX |
| Q2 2025 | 80 | $115.1M | IAU, TLT, NVDA, GREK, EPOL |
| Q1 2025 | 75 | $132.0M | ACWI, IAU, TLT, BALT, NVDA |
| Q4 2024 | 91 | $144.6M | ACWI, IAU, TLT, NVDA, ITB |
| Q3 2024 | 85 | $121.5M | IAU, TLT, NVDA, ITB, ACWI |
| Q2 2024 | 92 | $115.1M | IAU, TLT, NVDA, SMH, ITB |
| Q1 2024 | 95 | $120.3M | IAU, TLT, ITB, NVDA, BARCLAYS BANK PLC |