Balefire, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Balefire, LLC reported 394 stock positions worth $513.3 million. Its top holding was SS SPDR P S&P 1500 Comp ETF (SPTM) at 3.6% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 2.4%) and Nvidia (NVDA, 2.4%). Compared with Q3 2025, it opened 44 new positions, sold out of 44, added to 186 and reduced 158. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +62%) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001750924
- Portfolio Value
- $513.3M (Q4 2025)
- SEC Filing
- 0001750924-26-000001 ↗ filed Jan 12, 2026
Holdings Value
Holdings 394 stocks · $513.3M
| SPTM SS SPDR P S&P 1500 Comp ETF | 3.55% | 221,071 | $18.2M | Reduce -4.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.40% | 18,060 | $12.3M | Add +4.1% |
| NVDA Nvidia Corp. | 2.38% | 65,488 | $12.2M | Add +4.5% |
| SHY iShares 1-3 Year Treasury Bo | 2.12% | 131,645 | $10.9M | Reduce -0.3% |
| QQQ Invesco QQQ Trust Series 1 | 2.04% | 17,024 | $10.5M | Reduce -1.3% |
| VOO Vanguard S&P 500 ETF | 2.03% | 16,652 | $10.4M | Add +7.1% |
| MBSF Regan Floating Rate MBS ETF | 1.77% | 353,761 | $9.1M | Reduce -12.7% |
| MSFT Microsoft Corp. | 1.67% | 17,742 | $8.6M | Reduce -1.0% |
| SPAB SS SPDR P Agg Bond ETF | 1.59% | 317,892 | $8.2M | Add +1.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.51% | 96,484 | $7.7M | Add +2.7% |
| AAPL Apple Inc. | 1.37% | 25,862 | $7.0M | Reduce -19.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.26% | 58,892 | $6.5M | Reduce -1.0% |
| RSP Invesco S&P 500 Equal Weight | 1.26% | 33,669 | $6.4M | Add +34.2% |
| DE Deere & Co. | 1.21% | 13,306 | $6.2M | Reduce -0.1% |
| GLD SPDR Gold Shares | 1.19% | 15,440 | $6.1M | Reduce -8.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.13% | 11,520 | $5.8M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 1.12% | 18,359 | $5.8M | Reduce -12.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.11% | 62,530 | $5.7M | Add +14.3% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.01% | 64,585 | $5.2M | Add +14.5% |
| IVV iShares Core S&P 500 ETF | 0.97% | 7,235 | $5.0M | Add +61.9% |
| REM iShares Mortgage Real Estate | 0.90% | 208,184 | $4.6M | Reduce -0.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.89% | 103,155 | $4.6M | Add +25.3% |
| TSLA Tesla Inc. | 0.87% | 9,962 | $4.5M | Reduce -6.1% |
| PM Philip Morris International | 0.87% | 27,826 | $4.5M | Reduce -14.0% |
| TMO Thermo Fisher Scientific Inc. | 0.87% | 7,681 | $4.5M | Reduce -8.1% |
| AMLP Alerian MLP ETF | 0.84% | 92,175 | $4.3M | Add +5.5% |
| EFA iShares MSCI Eafe ETF | 0.84% | 44,749 | $4.3M | Add +0.4% |
| AMZN Amazon.com Inc. | 0.80% | 17,830 | $4.1M | Reduce -30.1% |
| SDY SS SPDR S&P Dividend ETF | 0.79% | 28,998 | $4.0M | Add +0.1% |
| GDX Vaneck Gold Miners ETF | 0.75% | 45,113 | $3.9M | Reduce -14.7% |
| CADE Cadence Bank | 0.75% | 89,922 | $3.9M | Reduce -2.2% |
| AGNC AGNC Investment Corp. | 0.75% | 358,551 | $3.8M | Add +1.5% |
| AVGO Broadcom Inc. | 0.75% | 11,093 | $3.8M | Add +2.9% |
| GOOGL Alphabet Inc. Class A | 0.68% | 11,122 | $3.5M | Add +8.4% |
| MU Micron Technology Inc. | 0.67% | 12,054 | $3.4M | Reduce -15.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.67% | 32,033 | $3.4M | Add +15.1% |
| EEM iShares MSCI Emerging Market | 0.65% | 60,947 | $3.3M | Add +0.5% |
| IQV Iqvia Holdings Inc. | 0.65% | 14,718 | $3.3M | Reduce -11.8% |
| JPM JPMorgan Chase & Co. | 0.63% | 9,981 | $3.2M | Reduce -1.4% |
| SPEM State Street SP PTF Em ETF | 0.62% | 67,935 | $3.2M | Add +5.3% |
| ORCL Oracle Corp. | 0.61% | 15,943 | $3.1M | Add +16.8% |
| LNG Cheniere Energy Inc. | 0.58% | 15,417 | $3.0M | Add +23.2% |
| USHY iShares Broad Usd High Yield | 0.58% | 80,090 | $3.0M | Reduce -2.8% |
| RTO Rentokil Initial PLC-SP ADR | 0.58% | 101,463 | $3.0M | Add +35.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.57% | 67,709 | $2.9M | Add +0.9% |
| HYLB Xtrackers Usd High Yield Cor | 0.56% | 78,056 | $2.9M | Reduce -4.5% |
| SECT Main Sector Rotation ETF | 0.54% | 43,002 | $2.8M | Add +27.6% |
| AGG iShares Core U.S. Aggregate | 0.54% | 27,602 | $2.8M | Add +134.7% |
| RDVY First Trust Rising Dividend | 0.53% | 39,521 | $2.7M | Add +32.1% |
| FDL First Trust Morn DVD Lead Inc. | 0.53% | 61,440 | $2.7M | Add +46.7% |
| WMB Williams Cos Inc. | 0.52% | 44,830 | $2.7M | Add +0.8% |
| META Meta Platforms Inc. Class A | 0.52% | 4,054 | $2.7M | Add +11.7% |
| VVV Valvoline Inc. | 0.51% | 90,798 | $2.6M | Add +47.4% |
| COP Conocophillips | 0.51% | 27,720 | $2.6M | Add +3.5% |
| CCJ Cameco Corp. | 0.51% | 28,343 | $2.6M | Reduce -6.8% |
| QQQM Invesco Nasdaq 100 ETF | 0.49% | 10,019 | $2.5M | Reduce -7.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.49% | 28,309 | $2.5M | Add +6.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.48% | 12,836 | $2.5M | Add +2.7% |
| SPHY SS SPDR P High Yield ETF | 0.46% | 100,335 | $2.4M | Reduce -2.9% |
| JNK SS SPDR BB High Yield Bond | 0.45% | 23,962 | $2.3M | Reduce -3.5% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.44% | 24,048 | $2.3M | Reduce -12.8% |
| MDT Medtronic PLC | 0.44% | 23,598 | $2.3M | Add +18.2% |
| CACI Caci International Inc. Class A | 0.44% | 4,232 | $2.3M | Reduce -2.5% |
| ETR Entergy Corp. | 0.44% | 24,277 | $2.2M | Add +25.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.44% | 4,597 | $2.2M | Reduce -1.9% |
| MIDD Middleby Corp. | 0.43% | 15,003 | $2.2M | Add +19.2% |
| TBIL F/M US Treasury 3 Month Bill | 0.43% | 43,769 | $2.2M | Reduce -5.2% |
| FTSM First Trust Enh Short Mat FD | 0.42% | 36,127 | $2.2M | Add +36.1% |
| BALL Ball Corp. | 0.39% | 38,028 | $2.0M | Reduce -12.0% |
| LLY Eli Lilly & Co. | 0.39% | 1,867 | $2.0M | Add +19.8% |
| WMT Walmart Inc. | 0.39% | 17,937 | $2.0M | No change |
| LVHI Franklin International Low V | 0.38% | 53,584 | $2.0M | Add +5.2% |
| ETN Eaton Corp. PLC | 0.38% | 6,191 | $2.0M | Add +1.5% |
| DLTR Dollar Tree Inc. | 0.37% | 15,447 | $1.9M | Reduce -44.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.37% | 33,141 | $1.9M | Add +53.6% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.37% | 74,281 | $1.9M | Reduce -2.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.36% | 62,252 | $1.9M | Add +6.3% |
| COPX Global X Copper Miners ETF | 0.36% | 25,771 | $1.9M | Add +125.3% |
| HD Home Depot Inc. | 0.34% | 5,108 | $1.8M | Add +46.6% |
| IEMG iShares Core MSCI Emerging | 0.34% | 25,835 | $1.7M | Reduce -3.9% |
| CRL Charles River Laboratories | 0.34% | 8,638 | $1.7M | Reduce -12.2% |
| CVX Chevron Corp. | 0.34% | 11,297 | $1.7M | Add +38.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.33% | 36,458 | $1.7M | Reduce -10.3% |
| LMBS First Trust Low Duration Opp | 0.33% | 34,130 | $1.7M | Add +20.6% |
| XLI SS Industrial Select Sector | 0.32% | 10,609 | $1.6M | Reduce -14.2% |
| XBI SS SPDR S&P Biotech ETF | 0.32% | 13,459 | $1.6M | New |
| AVTR Avantor Inc. | 0.32% | 141,136 | $1.6M | Reduce -12.4% |
| JIRE JPMorgan Int Res Enh Eqty | 0.30% | 20,519 | $1.5M | Reduce -6.2% |
| FSIG FT Ltd. Duration Inv Grade | 0.30% | 79,425 | $1.5M | Add +23.8% |
| HON Honeywell International Inc. | 0.29% | 7,757 | $1.5M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 5,018 | $1.5M | Add +2.4% |
| IEUR iShares Core MSCI Europe ETF | 0.29% | 20,629 | $1.5M | Reduce -1.6% |
| SCHW Schwab (charles) Corp. | 0.28% | 14,243 | $1.4M | Add +0.9% |
| NVT Nvent Electric PLC | 0.27% | 13,644 | $1.4M | Reduce -1.9% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.27% | 36,433 | $1.4M | Reduce -44.2% |
| ACN Accenture PLC Class A | 0.26% | 5,042 | $1.4M | Add +329.1% |
| NEM Newmont Corp. | 0.26% | 13,488 | $1.3M | Add +36.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.26% | 3,997 | $1.3M | Reduce -3.9% |
| GEHC GE Healthcare Technology | 0.25% | 15,915 | $1.3M | New |
| QCOM Qualcomm Inc. | 0.25% | 7,570 | $1.3M | Add +102.8% |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Sold out | 0.00% | −0.45 |
| VBIL Vanguard 0-3M T-Bill ETF | Sold out | 0.00% | −0.41 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.37 |
| IREN Iren Ltd. | Reduce -44.2% | 0.27% | −0.34 |
| EUFN iShares MSCI Europe Financia | Sold out | 0.00% | −0.32 |
| IGF iShares Global Infrastructur | Sold out | 0.00% | −0.32 |
| AMZN Amazon.com Inc. | Reduce -30.1% | 0.80% | −0.32 |
| MBSF Regan Floating Rate MBS ETF | Reduce -12.7% | 1.77% | −0.29 |
| SSO Proshares Ultra S&P500 | Reduce -74.2% | 0.10% | −0.29 |
| AAPL Apple Inc. | Reduce -19.0% | 1.37% | −0.25 |
| NICE Nice Ltd. - Spon ADR | Sold out | 0.00% | −0.25 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.23 |
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −0.20 |
| MSFT Microsoft Corp. | Reduce -1.0% | 1.67% | −0.18 |
| PM Philip Morris International | Reduce -14.0% | 0.87% | −0.18 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.17 |
| NE Noble Corp. PLC | Sold out | 0.00% | −0.17 |
| DLTR Dollar Tree Inc. | Reduce -44.6% | 0.37% | −0.16 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -4.0% | 3.55% | −0.15 |
| BN Brookfield Corp. | Reduce -77.8% | 0.04% | −0.15 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -41.3% | 0.20% | −0.15 |
| ACWI iShares MSCI Acwi ETF | Sold out | 0.00% | −0.15 |
| FLG Flagstar Bank NA | Sold out | 0.00% | −0.14 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.11 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.11 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.11 |
| AVTR Avantor Inc. | Reduce -12.4% | 0.32% | −0.09 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.08 |
| TJX TJX Companies Inc. | Reduce -40.8% | 0.13% | −0.08 |
| IWS iShares Russell Mid-Cap Valu | Sold out | 0.00% | −0.07 |
| WSO Watsco Inc. | Sold out | 0.00% | −0.07 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.07 |
| TSLA Tesla Inc. | Reduce -6.1% | 0.87% | −0.07 |
| CLOI Vaneck Clo ETF | Reduce -25.6% | 0.16% | −0.06 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -0.3% | 2.12% | −0.06 |
| XLI SS Industrial Select Sector | Reduce -14.2% | 0.32% | −0.06 |
| FMS Fresenius Medical Care-ADR | Reduce -12.9% | 0.20% | −0.06 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -1.0% | 1.26% | −0.06 |
| XLF SS Financial Select Sector | Reduce -57.4% | 0.04% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -19.6% | 0.16% | −0.06 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.06 |
| PROSHARES TR | Sold out | 0.00% | −0.06 |
| NFLX Netflix Inc. | Reduce -6.1% | 0.14% | −0.06 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.06 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -19.9% | 0.20% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -19.7% | 0.15% | −0.06 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -16.3% | 0.19% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Add +61.9% | 0.97% | +0.37 |
| XBI SS SPDR S&P Biotech ETF | New | 0.32% | +0.32 |
| RSP Invesco S&P 500 Equal Weight | Add +34.2% | 1.26% | +0.31 |
| AGG iShares Core U.S. Aggregate | Add +134.7% | 0.54% | +0.30 |
| HON Honeywell International Inc. | New | 0.29% | +0.29 |
| GEHC GE Healthcare Technology | New | 0.25% | +0.25 |
| COPX Global X Copper Miners ETF | Add +125.3% | 0.36% | +0.22 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.22% | +0.22 |
| ACN Accenture PLC Class A | Add +329.1% | 0.26% | +0.21 |
| RTO Rentokil Initial PLC-SP ADR | Add +35.7% | 0.58% | +0.21 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +25.3% | 0.89% | +0.19 |
| GOOGL Alphabet Inc. Class A | Add +8.4% | 0.68% | +0.18 |
| EWX State Street SPDR S&P Emergi | New | 0.17% | +0.17 |
| FDL First Trust Morn DVD Lead Inc. | Add +46.7% | 0.53% | +0.17 |
| EWY iShares MSCI South Korea ETF | New | 0.16% | +0.16 |
| EFV iShares MSCI Eafe Value ETF | New | 0.16% | +0.16 |
| LLY Eli Lilly & Co. | Add +19.8% | 0.39% | +0.15 |
| KKR KKR & Co. Inc. | New | 0.15% | +0.15 |
| ICLN iShares Global Clean Energy | New | 0.15% | +0.15 |
| VOO Vanguard S&P 500 ETF | Add +7.1% | 2.03% | +0.13 |
| RDVY First Trust Rising Dividend | Add +32.1% | 0.53% | +0.13 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +53.6% | 0.37% | +0.13 |
| QCOM Qualcomm Inc. | Add +102.8% | 0.25% | +0.13 |
| MRK Merck & Co. Inc. | Add +159.5% | 0.17% | +0.12 |
| SECT Main Sector Rotation ETF | Add +27.6% | 0.54% | +0.12 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +14.3% | 1.11% | +0.11 |
| FVD First Trust Value Line DVD | New | 0.11% | +0.11 |
| FTSM First Trust Enh Short Mat FD | Add +36.1% | 0.42% | +0.10 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +14.5% | 1.01% | +0.10 |
| MIDD Middleby Corp. | Add +19.2% | 0.43% | +0.10 |
| KAMO Kensington Credit Opport ETF | New | 0.10% | +0.10 |
| NEM Newmont Corp. | Add +36.1% | 0.26% | +0.10 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +130.8% | 0.17% | +0.09 |
| JFLX JPMorgan Flexible Debt ETF | New | 0.09% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.1% | 2.40% | +0.09 |
| EZU iShares MSCI Eurozone ETF | New | 0.09% | +0.09 |
| ADBE Adobe Inc. | Add +160.4% | 0.14% | +0.09 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +15.1% | 0.67% | +0.09 |
| AEE Ameren Corporation | New | 0.08% | +0.08 |
| CVX Chevron Corp. | Add +38.2% | 0.34% | +0.08 |
| ETR Entergy Corp. | Add +25.9% | 0.44% | +0.08 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.08% | +0.08 |
| LGOV First TR Long Duration O-ETF | New | 0.07% | +0.07 |
| VVV Valvoline Inc. | Add +47.4% | 0.51% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.07% | +0.07 |
| SDVY First Trust Smid Cap Rising | New | 0.07% | +0.07 |
| GEV GE Vernova Inc. | Add +158.6% | 0.11% | +0.07 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.07% | +0.07 |
| MDT Medtronic PLC | Add +18.2% | 0.44% | +0.06 |
| HD Home Depot Inc. | Add +46.6% | 0.34% | +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 |