Balefire, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 8, 2025), Balefire, LLC reported 394 stock positions worth $501.2 million. Its top holding was SS SPDR P S&P 1500 Comp ETF (SPTM) at 3.7% of the portfolio, followed by Nvidia (NVDA, 2.3%) and SS SPDR S&P 500 ETF Trust-US (SPY, 2.3%). Compared with Q2 2025, it opened 61 new positions, sold out of 25, added to 176 and reduced 148. The biggest buy was Tesla (TSLA, shares +71%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001750924
- Portfolio Value
- $501.2M (Q3 2025)
- SEC Filing
- 0001085146-25-005831 ↗ filed Oct 8, 2025
Holdings Value
Holdings 394 stocks · $501.2M
| SPTM SS SPDR P S&P 1500 Comp ETF | 3.71% | 230,342 | $18.6M | Reduce -3.0% |
| NVDA Nvidia Corp. | 2.33% | 62,665 | $11.7M | Add +18.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.31% | 17,353 | $11.6M | Add +27.8% |
| SHY iShares 1-3 Year Treasury Bo | 2.19% | 132,016 | $11.0M | Reduce -9.5% |
| QQQ Invesco QQQ Trust Series 1 | 2.07% | 17,248 | $10.4M | Reduce -8.0% |
| MBSF Regan Floating Rate MBS ETF | 2.06% | 405,146 | $10.3M | Add +0.0% |
| VOO Vanguard S&P 500 ETF | 1.90% | 15,550 | $9.5M | Reduce -1.2% |
| MSFT Microsoft Corp. | 1.85% | 17,928 | $9.3M | Add +8.6% |
| AAPL Apple Inc. | 1.62% | 31,946 | $8.1M | Add +13.6% |
| SPAB SS SPDR P Agg Bond ETF | 1.62% | 313,291 | $8.1M | Reduce -9.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.47% | 93,933 | $7.4M | Add +4.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.32% | 59,483 | $6.6M | Reduce -0.8% |
| DE Deere & Co. | 1.22% | 13,319 | $6.1M | Reduce -6.9% |
| GLD SPDR Gold Shares | 1.20% | 16,956 | $6.0M | Reduce -4.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.17% | 11,676 | $5.9M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 1.12% | 25,490 | $5.6M | Add +3.3% |
| PM Philip Morris International | 1.05% | 32,368 | $5.3M | Reduce -3.1% |
| GOOG Alphabet Inc. Class C | 1.02% | 20,953 | $5.1M | Add +3.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.00% | 54,685 | $5.0M | Reduce -38.3% |
| RSP Invesco S&P 500 Equal Weight | 0.95% | 25,087 | $4.8M | Reduce -2.6% |
| TSLA Tesla Inc. | 0.94% | 10,612 | $4.7M | Add +71.0% |
| REM iShares Mortgage Real Estate | 0.91% | 208,501 | $4.6M | Add +2.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.91% | 56,390 | $4.6M | Add +4.4% |
| EFA iShares MSCI Eafe ETF | 0.83% | 44,588 | $4.2M | Add +23.6% |
| AMLP Alerian MLP ETF | 0.82% | 87,377 | $4.1M | Add +63.7% |
| SDY SS SPDR S&P Dividend ETF | 0.81% | 28,974 | $4.1M | Reduce -33.0% |
| TMO Thermo Fisher Scientific Inc. | 0.81% | 8,355 | $4.1M | Add +90.5% |
| GDX Vaneck Gold Miners ETF | 0.81% | 52,860 | $4.0M | Reduce -1.5% |
| ORCL Oracle Corp. | 0.77% | 13,652 | $3.8M | Reduce -16.6% |
| AVGO Broadcom Inc. | 0.71% | 10,780 | $3.6M | Add +21.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.70% | 82,328 | $3.5M | Add +38.7% |
| AGNC AGNC Investment Corp. | 0.69% | 353,366 | $3.5M | Add +1.0% |
| CADE Cadence Bank | 0.69% | 91,940 | $3.5M | Reduce -0.9% |
| EEM iShares MSCI Emerging Market | 0.65% | 60,661 | $3.2M | Add +31.1% |
| JPM JPMorgan Chase & Co. | 0.64% | 10,127 | $3.2M | Reduce -4.3% |
| IQV Iqvia Holdings Inc. | 0.63% | 16,695 | $3.2M | Reduce -1.7% |
| USHY iShares Broad Usd High Yield | 0.62% | 82,372 | $3.1M | Add +2.1% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.61% | 65,310 | $3.1M | Reduce -21.6% |
| HYLB Xtrackers Usd High Yield Cor | 0.61% | 81,756 | $3.0M | Add +3.0% |
| SPEM State Street SP PTF Em ETF | 0.60% | 64,510 | $3.0M | Add +13.9% |
| IVV iShares Core S&P 500 ETF | 0.60% | 4,469 | $3.0M | Reduce -24.0% |
| LNG Cheniere Energy Inc. | 0.59% | 12,513 | $2.9M | Add +1.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.58% | 27,837 | $2.9M | Add +33.1% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.58% | 67,088 | $2.9M | Add +6.9% |
| WMB Williams Cos Inc. | 0.56% | 44,458 | $2.8M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 0.53% | 3,630 | $2.7M | Add +10.8% |
| QQQM Invesco Nasdaq 100 ETF | 0.53% | 10,768 | $2.7M | Reduce -2.3% |
| DLTR Dollar Tree Inc. | 0.53% | 27,905 | $2.6M | Reduce -2.2% |
| CCJ Cameco Corp. | 0.51% | 30,415 | $2.6M | Reduce -10.4% |
| COP Conocophillips | 0.51% | 26,786 | $2.5M | Add +2.3% |
| GOOGL Alphabet Inc. Class A | 0.50% | 10,261 | $2.5M | Add +5.7% |
| SPHY SS SPDR P High Yield ETF | 0.49% | 103,326 | $2.5M | Add +4.6% |
| JNK SS SPDR BB High Yield Bond | 0.49% | 24,845 | $2.4M | Add +17.4% |
| MU Micron Technology Inc. | 0.48% | 14,250 | $2.4M | Add +51.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.47% | 26,713 | $2.3M | Add +30.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.47% | 12,499 | $2.3M | Reduce -2.3% |
| TBIL F/M US Treasury 3 Month Bill | 0.46% | 46,186 | $2.3M | Reduce -10.3% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.46% | 27,563 | $2.3M | Reduce -3.2% |
| ETN Eaton Corp. PLC | 0.46% | 6,097 | $2.3M | Reduce -0.8% |
| FISV Fiserv Inc. | 0.45% | 17,470 | $2.3M | Reduce -3.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.45% | 4,684 | $2.2M | Reduce -5.8% |
| VVV Valvoline Inc. | 0.44% | 61,594 | $2.2M | New |
| BALL Ball Corp. | 0.43% | 43,226 | $2.2M | Reduce -2.3% |
| CACI Caci International Inc. Class A | 0.43% | 4,342 | $2.2M | Add +44.4% |
| SECT Main Sector Rotation ETF | 0.42% | 33,697 | $2.1M | Add +61.9% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.41% | 27,414 | $2.1M | New |
| RDVY First Trust Rising Dividend | 0.40% | 29,927 | $2.0M | Reduce -3.6% |
| AVTR Avantor Inc. | 0.40% | 161,087 | $2.0M | Reduce -46.7% |
| SSO Proshares Ultra S&P500 | 0.39% | 17,556 | $2.0M | New |
| SJNK SS SPDR BB St Hi Yield ETF | 0.39% | 75,819 | $1.9M | Add +2.1% |
| XLI SS Industrial Select Sector | 0.38% | 12,362 | $1.9M | Add +445.1% |
| MDT Medtronic PLC | 0.38% | 19,958 | $1.9M | Add +73.3% |
| RTO Rentokil Initial PLC-SP ADR | 0.38% | 74,757 | $1.9M | Reduce -3.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.38% | 40,669 | $1.9M | Add +42.2% |
| WMT Walmart Inc. | 0.37% | 17,937 | $1.8M | Add +6.4% |
| BAX Baxter International Inc. | 0.37% | 81,092 | $1.8M | Reduce -30.7% |
| FDL First Trust Morn DVD Lead Inc. | 0.36% | 41,877 | $1.8M | Reduce -0.3% |
| ETR Entergy Corp. | 0.36% | 19,282 | $1.8M | New |
| IEMG iShares Core MSCI Emerging | 0.35% | 26,891 | $1.8M | Reduce -2.4% |
| IBN Icici Bank Ltd.-Spon ADR | 0.35% | 58,584 | $1.8M | Add +1.4% |
| LVHI Franklin International Low V | 0.35% | 50,943 | $1.8M | Add +4.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.35% | 16,841 | $1.7M | Add +2.2% |
| MIDD Middleby Corp. | 0.33% | 12,588 | $1.7M | New |
| EUFN iShares MSCI Europe Financia | 0.32% | 46,967 | $1.6M | Reduce -3.3% |
| JIRE JPMorgan Int Res Enh Eqty | 0.32% | 21,883 | $1.6M | Reduce -0.5% |
| IGF iShares Global Infrastructur | 0.32% | 26,297 | $1.6M | Add +131.5% |
| FTSM First Trust Enh Short Mat FD | 0.32% | 26,542 | $1.6M | Add +7.8% |
| CRL Charles River Laboratories | 0.31% | 9,833 | $1.5M | Reduce -27.1% |
| IEUR iShares Core MSCI Europe ETF | 0.28% | 20,967 | $1.4M | Reduce -4.7% |
| HD Home Depot Inc. | 0.28% | 3,484 | $1.4M | Add +5.0% |
| LMBS First Trust Low Duration Opp | 0.28% | 28,303 | $1.4M | Add +14.3% |
| MA Mastercard Inc. Class A | 0.28% | 2,451 | $1.4M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 4,899 | $1.4M | Reduce -0.3% |
| NVT Nvent Electric PLC | 0.27% | 13,905 | $1.4M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 4,159 | $1.4M | Add +23.9% |
| SCHW Schwab (charles) Corp. | 0.27% | 14,112 | $1.3M | Add +0.7% |
| V Visa Inc. Class A | 0.27% | 3,939 | $1.3M | Reduce -9.2% |
| FMS Fresenius Medical Care-ADR | 0.26% | 49,256 | $1.3M | Reduce -6.3% |
| CVX Chevron Corp. | 0.25% | 8,177 | $1.3M | Add +51.7% |
| LMT Lockheed Martin Corp. | 0.25% | 2,521 | $1.3M | Reduce -6.1% |
Portfolio Sells Q2 2025 → Q3 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -38.3% | 1.00% | −0.77 |
| AVTR Avantor Inc. | Reduce -46.7% | 0.40% | −0.48 |
| CYBR Cyberark Software Ltd./Israel | Reduce -85.5% | 0.09% | −0.48 |
| SDY SS SPDR S&P Dividend ETF | Reduce -33.0% | 0.81% | −0.47 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -9.5% | 2.19% | −0.44 |
| WMG Warner Music Group Corp. Class A | Sold out | 0.00% | −0.40 |
| BAX Baxter International Inc. | Reduce -30.7% | 0.37% | −0.40 |
| FUN Six Flags Entertainment Corp. | Reduce -50.8% | 0.20% | −0.40 |
| DE Deere & Co. | Reduce -6.9% | 1.22% | −0.37 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.35 |
| FIS Fidelity National Info Serv | Reduce -46.7% | 0.23% | −0.35 |
| NICE Nice Ltd. - Spon ADR | Reduce -46.7% | 0.25% | −0.34 |
| BWZ State Street SPDR Bloomberg | Sold out | 0.00% | −0.34 |
| SPHQ Invesco S&P 500 Quality ETF | Sold out | 0.00% | −0.34 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -9.2% | 1.62% | −0.31 |
| PM Philip Morris International | Reduce -3.1% | 1.05% | −0.28 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.27 |
| NOW ServiceNow Inc. | Reduce -73.3% | 0.08% | −0.27 |
| FISV Fiserv Inc. | Reduce -3.8% | 0.45% | −0.23 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.21 |
| IVV iShares Core S&P 500 ETF | Reduce -24.0% | 0.60% | −0.20 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -8.0% | 2.07% | −0.18 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -3.0% | 3.71% | −0.16 |
| AGG iShares Core U.S. Aggregate | Reduce -34.5% | 0.24% | −0.15 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.15 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -3.2% | 0.46% | −0.14 |
| CRL Charles River Laboratories | Reduce -27.1% | 0.31% | −0.14 |
| RWR SS SPDR Dow Jones REIT ETF | Sold out | 0.00% | −0.14 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -26.1% | 0.25% | −0.12 |
| XLP SS Consumer Staples Sel Sect | Reduce -54.8% | 0.07% | −0.11 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.8% | 1.32% | −0.11 |
| BALL Ball Corp. | Reduce -2.3% | 0.43% | −0.10 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -10.3% | 0.46% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -21.4% | 0.24% | −0.10 |
| TMUS T-Mobile US Inc. | Reduce -46.1% | 0.10% | −0.10 |
| SNREY Sunrise Communicat Class A | Sold out | 0.00% | −0.10 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.09 |
| MS Morgan Stanley | Reduce -66.7% | 0.05% | −0.09 |
| DLTR Dollar Tree Inc. | Reduce -2.2% | 0.53% | −0.09 |
| PULS Pgim Ultra Short Bond ETF | Sold out | 0.00% | −0.09 |
| BN Brookfield Corp. | Reduce -31.8% | 0.20% | −0.09 |
| SPLB SS SPDR P Long Term C ETF | Sold out | 0.00% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 1.17% | −0.09 |
| AHR American Healthcare REIT Inc. | Sold out | 0.00% | −0.08 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.08 |
| DOV Dover Corp. | Sold out | 0.00% | −0.07 |
| RSP Invesco S&P 500 Equal Weight | Reduce -2.6% | 0.95% | −0.07 |
| FMS Fresenius Medical Care-ADR | Reduce -6.3% | 0.26% | −0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -49.2% | 0.07% | −0.07 |
| V Visa Inc. Class A | Reduce -9.2% | 0.27% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| TSLA Tesla Inc. | Add +71.0% | 0.94% | +0.51 |
| NVDA Nvidia Corp. | Add +18.1% | 2.33% | +0.51 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +27.8% | 2.31% | +0.48 |
| VVV Valvoline Inc. | New | 0.44% | +0.44 |
| TMO Thermo Fisher Scientific Inc. | Add +90.5% | 0.81% | +0.42 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.41% | +0.41 |
| SSO Proshares Ultra S&P500 | New | 0.39% | +0.39 |
| AAPL Apple Inc. | Add +13.6% | 1.62% | +0.37 |
| ETR Entergy Corp. | New | 0.36% | +0.36 |
| MIDD Middleby Corp. | New | 0.33% | +0.33 |
| XLI SS Industrial Select Sector | Add +445.1% | 0.38% | +0.31 |
| NVT Nvent Electric PLC | New | 0.27% | +0.27 |
| AMLP Alerian MLP ETF | Add +63.7% | 0.82% | +0.25 |
| GOOG Alphabet Inc. Class C | Add +3.2% | 1.02% | +0.23 |
| MU Micron Technology Inc. | Add +51.5% | 0.48% | +0.22 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +38.7% | 0.70% | +0.18 |
| AVGO Broadcom Inc. | Add +21.4% | 0.71% | +0.18 |
| IGF iShares Global Infrastructur | Add +131.5% | 0.32% | +0.17 |
| NANR Sta STR SP S&P Nor An Res-Ui | New | 0.17% | +0.17 |
| UNH Unitedhealth Group Inc. | Add +203.4% | 0.25% | +0.17 |
| EEM iShares MSCI Emerging Market | Add +31.1% | 0.65% | +0.16 |
| SECT Main Sector Rotation ETF | Add +61.9% | 0.42% | +0.16 |
| MDT Medtronic PLC | Add +73.3% | 0.38% | +0.16 |
| ILF iShares Latin America 40 ETF | New | 0.15% | +0.15 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +33.1% | 0.58% | +0.15 |
| ACWI iShares MSCI Acwi ETF | New | 0.15% | +0.15 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +315.8% | 0.19% | +0.14 |
| COPX Global X Copper Miners ETF | New | 0.14% | +0.14 |
| EFA iShares MSCI Eafe ETF | Add +23.6% | 0.83% | +0.13 |
| B Barrick Mining Corp. | New | 0.13% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +5.7% | 0.50% | +0.13 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +109.5% | 0.24% | +0.12 |
| CACI Caci International Inc. Class A | Add +44.4% | 0.43% | +0.12 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +42.2% | 0.38% | +0.11 |
| CI The Cigna Group | New | 0.11% | +0.11 |
| DVOL First Trust DW Momtm & Low | New | 0.11% | +0.11 |
| TJX TJX Companies Inc. | Add +66.3% | 0.22% | +0.09 |
| IEFA iShares Core MSCI Eafe ETF | Add +30.5% | 0.47% | +0.09 |
| UAL United Airlines Holdings Inc. | New | 0.09% | +0.09 |
| CVX Chevron Corp. | Add +51.7% | 0.25% | +0.09 |
| TLT iShares 20+ Year Treasury BD | New | 0.08% | +0.08 |
| DAC Danaos Corp. | New | 0.08% | +0.08 |
| SPEM State Street SP PTF Em ETF | Add +13.9% | 0.60% | +0.08 |
| ARES Ares Management Corp. Class A | New | 0.08% | +0.08 |
| AMCR Amcor PLC | New | 0.07% | +0.07 |
| IWS iShares Russell Mid-Cap Valu | New | 0.07% | +0.07 |
| WSO Watsco Inc. | New | 0.07% | +0.07 |
| XLY SS Consumer Disc Select Sect | New | 0.07% | +0.07 |
| MSFT Microsoft Corp. | Add +8.6% | 1.85% | +0.07 |
| PWR Quanta Services Inc. | Add +131.4% | 0.11% | +0.06 |
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 |