Balefire, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Balefire, LLC reported 205 stock positions worth $291.8 million. Its top holding was SS SPDR P S&P 1500 Comp ETF (SPTM) at 6.9% of the portfolio, followed by Regan Floating Rate MBS ETF (MBSF, 4.2%) and iShares 1-3 Year Treasury Bo (SHY, 4.0%). Compared with Q4 2024, it opened 31 new positions, sold out of 121, added to 120 and reduced 53. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +616%) and the biggest sale an exit from First Trust Nasdq 100 Tech I (QTEC).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001750924
- Portfolio Value
- $291.8M (Q1 2025)
- SEC Filing
- 0001085146-25-002290 ↗ filed Apr 23, 2025
Holdings Value
Holdings 205 stocks · $291.8M
| SPTM SS SPDR P S&P 1500 Comp ETF | 6.93% | 297,207 | $20.2M | Reduce -1.6% |
| MBSF Regan Floating Rate MBS ETF | 4.15% | 475,777 | $12.1M | Reduce -1.0% |
| SHY iShares 1-3 Year Treasury Bo | 4.02% | 141,945 | $11.7M | Reduce -2.5% |
| SPAB SS SPDR P Agg Bond ETF | 2.89% | 329,887 | $8.4M | Add +3.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.24% | 60,237 | $6.5M | Reduce -0.7% |
| DE Deere & Co. | 2.21% | 13,711 | $6.4M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.13% | 11,652 | $6.2M | Add +13.1% |
| QQQ Invesco QQQ Trust Series 1 | 2.10% | 13,088 | $6.1M | Add +71.3% |
| PM Philip Morris International | 2.09% | 38,361 | $6.1M | Reduce -42.8% |
| SDY SS SPDR S&P Dividend ETF | 1.82% | 39,189 | $5.3M | Reduce -1.0% |
| VOO Vanguard S&P 500 ETF | 1.69% | 9,574 | $4.9M | Add +616.1% |
| GLD SPDR Gold Shares | 1.65% | 16,731 | $4.8M | Reduce -13.0% |
| REM iShares Mortgage Real Estate | 1.62% | 210,670 | $4.7M | Add +4.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.55% | 49,339 | $4.5M | Reduce -18.7% |
| BAX Baxter International Inc. | 1.47% | 125,256 | $4.3M | Reduce -8.6% |
| FIS Fidelity National Info Serv | 1.35% | 52,843 | $3.9M | Add +62.2% |
| AVTR Avantor Inc. | 1.31% | 236,379 | $3.8M | Add +50.8% |
| NICE Nice Ltd. - Spon ADR | 1.27% | 24,009 | $3.7M | Add +45.8% |
| AAPL Apple Inc. | 1.24% | 16,338 | $3.6M | Reduce -0.0% |
| MSFT Microsoft Corp. | 1.15% | 8,973 | $3.4M | Add +13.3% |
| AGNC AGNC Investment Corp. | 1.08% | 327,947 | $3.1M | Add +6.4% |
| FISV Fiserv Inc. | 1.06% | 14,009 | $3.1M | Reduce -35.6% |
| GOOG Alphabet Inc. Class C | 1.05% | 19,677 | $3.1M | Add +11.9% |
| NVDA Nvidia Corp. | 1.02% | 27,520 | $3.0M | Add +35.0% |
| LNG Cheniere Energy Inc. | 1.00% | 12,660 | $2.9M | Add +15.0% |
| FMS Fresenius Medical Care-ADR | 0.99% | 116,111 | $2.9M | Add +5.3% |
| AMZN Amazon.com Inc. | 0.99% | 15,167 | $2.9M | Add +63.2% |
| USHY iShares Broad Usd High Yield | 0.98% | 77,417 | $2.8M | Add +29.5% |
| AMLP Alerian MLP ETF | 0.94% | 52,932 | $2.7M | Reduce -5.0% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.94% | 29,906 | $2.7M | Add +4.1% |
| COP Conocophillips | 0.93% | 25,815 | $2.7M | Add +3.4% |
| IHI iShares U.S. Medical Devices | 0.92% | 44,384 | $2.7M | Reduce -4.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.91% | 22,462 | $2.7M | Add +1619.9% |
| GDX Vaneck Gold Miners ETF | 0.90% | 57,272 | $2.6M | Reduce -23.2% |
| TBIL F/M US Treasury 3 Month Bill | 0.88% | 51,289 | $2.6M | Add +2.0% |
| SCHW Schwab (charles) Corp. | 0.87% | 32,471 | $2.5M | Add +55.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.86% | 4,478 | $2.5M | Add +197.5% |
| WMB Williams Cos Inc. | 0.85% | 41,318 | $2.5M | Add +8.9% |
| BALL Ball Corp. | 0.83% | 46,291 | $2.4M | Add +22.7% |
| EFA iShares MSCI Eafe ETF | 0.80% | 28,727 | $2.3M | New |
| WMG Warner Music Group Corp. Class A | 0.77% | 71,632 | $2.2M | Add +6.5% |
| EEM iShares MSCI Emerging Market | 0.72% | 48,305 | $2.1M | New |
| MINT PIMCO Enhanced Short Maturit | 0.69% | 20,038 | $2.0M | New |
| CYBR Cyberark Software Ltd./Israel | 0.69% | 5,936 | $2.0M | Reduce -11.0% |
| ORCL Oracle Corp. | 0.68% | 14,265 | $2.0M | Add +21.6% |
| RTO Rentokil Initial PLC-SP ADR | 0.65% | 83,113 | $1.9M | Add +8.8% |
| IBN Icici Bank Ltd.-Spon ADR | 0.65% | 60,221 | $1.9M | Reduce -1.6% |
| FUN Six Flags Entertainment Corp. | 0.64% | 52,724 | $1.9M | Add +77.3% |
| JPM JPMorgan Chase & Co. | 0.62% | 7,401 | $1.8M | Add +15.3% |
| TMO Thermo Fisher Scientific Inc. | 0.59% | 3,448 | $1.7M | Add +257.3% |
| ETN Eaton Corp. PLC | 0.58% | 6,271 | $1.7M | Add +69.1% |
| AMGN Amgen Inc. | 0.57% | 5,374 | $1.7M | Reduce -3.3% |
| BMY Bristol-Myers Squibb Co. | 0.56% | 26,604 | $1.6M | Add +3.6% |
| JPST JPMorgan Ultra-Short Income | 0.55% | 31,514 | $1.6M | Add +1339.7% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.54% | 62,192 | $1.6M | Add +12.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.51% | 35,086 | $1.5M | Add +9.3% |
| CRL Charles River Laboratories | 0.50% | 9,679 | $1.5M | Add +0.9% |
| CCJ Cameco Corp. | 0.47% | 33,601 | $1.4M | Add +42.9% |
| TQQQ Proshares Ultrapro QQQ | 0.46% | 23,654 | $1.4M | Add +95.7% |
| QLD Proshares Ultra QQQ | 0.46% | 15,175 | $1.3M | Add +84.1% |
| CLOI Vaneck Clo ETF | 0.45% | 24,922 | $1.3M | Reduce -36.3% |
| MU Micron Technology Inc. | 0.45% | 15,154 | $1.3M | Add +9.2% |
| LBRDK Liberty Broadband-C | 0.42% | 14,340 | $1.2M | Add +1.6% |
| BN Brookfield Corp. | 0.41% | 22,999 | $1.2M | Add +2.9% |
| JAAA Janus Henderson Aaa Clo ETF | 0.41% | 23,470 | $1.2M | New |
| BKLN Invesco Senior Loan ETF | 0.40% | 56,963 | $1.2M | New |
| KHPI Kensington Hedged PRM in ETF filed as MANAGED PORTFOLIO SERIES | 0.40% | 48,335 | $1.2M | Reduce -0.6% |
| HD Home Depot Inc. | 0.39% | 3,140 | $1.2M | Add +25.1% |
| LMT Lockheed Martin Corp. | 0.39% | 2,520 | $1.1M | Reduce -46.7% |
| GSST Goldman Sachs Ultra Short Bo | 0.37% | 21,601 | $1.1M | New |
| CB Chubb Ltd. | 0.35% | 3,338 | $1.0M | Add +17.2% |
| CACI Caci International Inc. Class A | 0.33% | 2,587 | $949K | New |
| MDT Medtronic PLC | 0.32% | 10,292 | $925K | Add +903.1% |
| SIRI Sirius XM Holdings Inc. | 0.30% | 39,301 | $886K | Add +2.4% |
| LLY Eli Lilly & Co. | 0.29% | 1,042 | $861K | Reduce -1.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.29% | 7,757 | $857K | Add +65.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 3,439 | $855K | Reduce -12.5% |
| SNREY Sunrise Communicat Class A | 0.29% | 17,701 | $855K | Reduce -40.3% |
| TMUS T-Mobile US Inc. | 0.29% | 3,146 | $839K | Add +3.3% |
| CMCSA Comcast Corp. Class A | 0.29% | 22,728 | $839K | Add +7.6% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.28% | 18,209 | $806K | Reduce -19.7% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.27% | 10,906 | $799K | Reduce -1.2% |
| BABA Alibaba Group Holding-SP ADR | 0.27% | 6,019 | $796K | Add +7.8% |
| SCHD Schwab US DVD Equity ETF | 0.27% | 28,084 | $785K | New |
| LBTYA Liberty Global Ltd. Class A | 0.26% | 65,807 | $757K | Add +601.6% |
| UBER Uber Technologies Inc. | 0.24% | 9,709 | $707K | New |
| FAST Fastenal Co. | 0.24% | 9,107 | $706K | Reduce -43.2% |
| IJH iShares Core S&P Midcap ETF | 0.24% | 12,046 | $703K | New |
| FISR SS Fi Sector Rotation | 0.24% | 26,818 | $694K | Add +0.8% |
| FLG Flagstar Bank NA | 0.24% | 59,561 | $692K | Add +238.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.24% | 9,118 | $690K | New |
| V Visa Inc. Class A | 0.24% | 1,968 | $690K | Reduce -59.7% |
| VZ Verizon Communications Inc. | 0.23% | 14,900 | $676K | Add +26.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 5,504 | $670K | Reduce -57.9% |
| MA Mastercard Inc. Class A | 0.22% | 1,194 | $654K | Reduce -60.3% |
| DDM Proshares Ultra DOW30 | 0.22% | 7,108 | $650K | Reduce -67.4% |
| CRH CRH PLC | 0.22% | 7,284 | $641K | Add +4.5% |
| SECT Main Sector Rotation ETF | 0.22% | 12,538 | $640K | New |
| MMKT Texas Cap Govt MNY MRKT ETF | 0.22% | 6,292 | $631K | Reduce -21.0% |
| LHX L3HARRIS Technologies Inc. | 0.21% | 2,990 | $626K | Add +104.9% |
Portfolio Sells Q4 2024 → Q1 2025
| QTEC First Trust Nasdq 100 Tech I | Sold out | 0.00% | −0.87 |
| HYLB Xtrackers Usd High Yield Cor | Reduce -85.6% | 0.14% | −0.81 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.74 |
| PM Philip Morris International | Reduce -42.8% | 2.09% | −0.69 |
| ROST Ross Stores Inc. | Reduce -78.7% | 0.15% | −0.68 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.65 |
| QQQM Invesco Nasdaq 100 ETF | Sold out | 0.00% | −0.61 |
| AZO AutoZone Inc. | Reduce -82.5% | 0.14% | −0.56 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.53 |
| DDM Proshares Ultra DOW30 | Reduce -67.4% | 0.22% | −0.48 |
| FISV Fiserv Inc. | Reduce -35.6% | 1.06% | −0.47 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -1.6% | 6.93% | −0.43 |
| EMR Emerson Electric Co. | Reduce -72.0% | 0.14% | −0.43 |
| LMT Lockheed Martin Corp. | Reduce -46.7% | 0.39% | −0.39 |
| NVR NVR Inc. | Sold out | 0.00% | −0.39 |
| CMI Cummins Inc. | Reduce -77.6% | 0.10% | −0.38 |
| ORLY O'reilly Automotive Inc. | Reduce -79.6% | 0.12% | −0.38 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.37 |
| ACGL Arch Capital Group Ltd. | Sold out | 0.00% | −0.36 |
| ILCG iShares Morningstar Growth E | Sold out | 0.00% | −0.35 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -18.7% | 1.55% | −0.35 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.33 |
| MA Mastercard Inc. Class A | Reduce -60.3% | 0.22% | −0.31 |
| TJX TJX Companies Inc. | Reduce -57.9% | 0.23% | −0.31 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.31 |
| VONG Vanguard Russell 1000 Growth | Sold out | 0.00% | −0.30 |
| V Visa Inc. Class A | Reduce -59.7% | 0.24% | −0.29 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.27 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.26 |
| LBTYK Liberty Global Ltd. Class C | Reduce -78.4% | 0.06% | −0.26 |
| CLOI Vaneck Clo ETF | Reduce -36.3% | 0.45% | −0.26 |
| STRA Strategic Education Inc. | Sold out | 0.00% | −0.21 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.18 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.17 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.17 |
| NFLX Netflix Inc. | Reduce -54.0% | 0.16% | −0.17 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.16 |
| FAST Fastenal Co. | Reduce -43.2% | 0.24% | −0.15 |
| SNREY Sunrise Communicat Class A | Reduce -40.3% | 0.29% | −0.15 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.13 |
| IWY iShares Russell Top 200 Grow | Sold out | 0.00% | −0.13 |
| AAPL Apple Inc. | Reduce -0.0% | 1.24% | −0.12 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.10 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.10 |
| JMOM JPMorgan US Momentum Factor | Sold out | 0.00% | −0.10 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.10 |
| BIV Vanguard Intermediate-Term B | Sold out | 0.00% | −0.09 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.09 |
| FENY Fidelity MSCI Energy Index | Sold out | 0.00% | −0.09 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | Add +616.1% | 1.69% | +1.44 |
| IEI iShares 3-7 Year Treasury Bo | Add +1619.9% | 0.91% | +0.86 |
| EFA iShares MSCI Eafe ETF | New | 0.80% | +0.80 |
| QQQ Invesco QQQ Trust Series 1 | Add +71.3% | 2.10% | +0.77 |
| EEM iShares MSCI Emerging Market | New | 0.72% | +0.72 |
| MINT PIMCO Enhanced Short Maturit | New | 0.69% | +0.69 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +197.5% | 0.86% | +0.56 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +13.1% | 2.13% | +0.54 |
| JPST JPMorgan Ultra-Short Income | Add +1339.7% | 0.55% | +0.51 |
| FIS Fidelity National Info Serv | Add +62.2% | 1.35% | +0.46 |
| TMO Thermo Fisher Scientific Inc. | Add +257.3% | 0.59% | +0.42 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.41% | +0.41 |
| BKLN Invesco Senior Loan ETF | New | 0.40% | +0.40 |
| GSST Goldman Sachs Ultra Short Bo | New | 0.37% | +0.37 |
| SCHW Schwab (charles) Corp. | Add +55.8% | 0.87% | +0.34 |
| CACI Caci International Inc. Class A | New | 0.33% | +0.33 |
| NICE Nice Ltd. - Spon ADR | Add +45.8% | 1.27% | +0.31 |
| AMZN Amazon.com Inc. | Add +63.2% | 0.99% | +0.29 |
| MDT Medtronic PLC | Add +903.1% | 0.32% | +0.29 |
| SCHD Schwab US DVD Equity ETF | New | 0.27% | +0.27 |
| UBER Uber Technologies Inc. | New | 0.24% | +0.24 |
| IJH iShares Core S&P Midcap ETF | New | 0.24% | +0.24 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.24% | +0.24 |
| USHY iShares Broad Usd High Yield | Add +29.5% | 0.98% | +0.22 |
| SECT Main Sector Rotation ETF | New | 0.22% | +0.22 |
| LBTYA Liberty Global Ltd. Class A | Add +601.6% | 0.26% | +0.22 |
| FLG Flagstar Bank NA | Add +238.6% | 0.24% | +0.18 |
| VAL Valaris Ltd. | New | 0.18% | +0.18 |
| AVTR Avantor Inc. | Add +50.8% | 1.31% | +0.18 |
| JNJ Johnson & Johnson | Add +639.2% | 0.20% | +0.18 |
| LNG Cheniere Energy Inc. | Add +15.0% | 1.00% | +0.17 |
| KOF Coca-Cola Femsa Sab-SP ADR | Add +4.1% | 0.94% | +0.17 |
| ARP PMV Adaptive Risk Parity ETF | New | 0.17% | +0.17 |
| ETN Eaton Corp. PLC | Add +69.1% | 0.58% | +0.16 |
| FUN Six Flags Entertainment Corp. | Add +77.3% | 0.64% | +0.16 |
| QLD Proshares Ultra QQQ | Add +84.1% | 0.46% | +0.16 |
| TSLA Tesla Inc. | Add +737.7% | 0.19% | +0.16 |
| NE Noble Corp. PLC | New | 0.16% | +0.16 |
| FMS Fresenius Medical Care-ADR | Add +5.3% | 0.99% | +0.16 |
| SPAB SS SPDR P Agg Bond ETF | Add +3.2% | 2.89% | +0.16 |
| TDW Tidewater Inc. | New | 0.15% | +0.15 |
| AGG iShares Core U.S. Aggregate | Add +255.7% | 0.20% | +0.15 |
| CALF PCR US SM CP CSH CWS ETF-Usd | New | 0.14% | +0.14 |
| REM iShares Mortgage Real Estate | Add +4.6% | 1.62% | +0.14 |
| TQQQ Proshares Ultrapro QQQ | Add +95.7% | 0.46% | +0.14 |
| SCHB Schwab US Broad Market ETF | New | 0.14% | +0.14 |
| IVV iShares Core S&P 500 ETF | Add +232.2% | 0.19% | +0.13 |
| EXP Eagle Materials Inc. | New | 0.13% | +0.13 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.12% | +0.12 |
| BALL Ball Corp. | Add +22.7% | 0.83% | +0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 475 | $612.9M | SPYM, IVV, NVDA, SPTM, VOO |
| Q1 2026 | 439 | $530.7M | NVDA, SPY, BIL, SPTM, VOO |
| Q4 2025 | 394 | $513.3M | SPTM, SPY, NVDA, SHY, QQQ |
| Q3 2025 | 394 | $501.2M | SPTM, NVDA, SPY, SHY, QQQ |
| Q2 2025 | 358 | $459.7M | SPTM, SHY, QQQ, MBSF, VOO |
| Q1 2025 | 205 | $291.8M | SPTM, MBSF, SHY, SPAB, LQD |
| Q4 2024 | 295 | $292.5M | SPTM, MBSF, SHY, PM, SPAB |
| Q3 2024 | 244 | $296.2M | SPTM, SHY, MBSF, SPAB, PM |
| Q2 2024 | 810 | $281.4M | SPTM, SHY, SPAB, PM, MBSF |
| Q1 2024 | 813 | $277.4M | SPTM, SHY, SPAB, REM, QTEC |