Baltimore-Washington Financial Advisors, Inc.

Name: Baltimore-Washington Financial Advisors, Inc. 13F holdings, Q1 2025
Creator: Baltimore-Washington Financial Advisors, Inc.
Published: 2025-05-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Baltimore-Washington Financial Advisors, Inc. reported 151 stock positions worth $1.9 billion. Its top holding was Vngrd Mrgstr LRG-Cap ETF-Usd (VV) at 5.3% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 4.9%) and Invesco S&P 500 Equal Weight (RSP, 3.2%). Compared with Q4 2024, it opened 10 new positions, sold out of 9, added to 71 and reduced 53. The biggest buy was Fortinet (FTNT, shares +121%) and the biggest sale Nvidia (NVDA, shares −1%).

Most Recent 13F: Q2 2026
Location: Columbia, MD
CIK: 0001555486
Portfolio Value: $1.9B (Q1 2025)
SEC Filing: 0001172661-25-001887 ↗ filed May 14, 2025

Holdings Value

Holdings 151 stocks · $1.9B


VV Vngrd Mrgstr LRG-Cap ETF-Usd	5.34%	385,735	$99.1M	Add +1.0%
QQQ Invesco QQQ Trust Series 1	4.85%	192,209	$90.1M	Add +1.1%
RSP Invesco S&P 500 Equal Weight	3.16%	338,525	$58.6M	Add +0.3%
VIG Vanguard Dividend Apprec ETF	3.06%	292,777	$56.8M	Add +1.0%
NVDA Nvidia Corp.	2.93%	502,963	$54.5M	Reduce -0.8%
AAPL Apple Inc.	2.60%	217,893	$48.4M	Add +1.0%
LGLV SPDR US LC Low Vol Idx	2.58%	275,611	$48.0M	Reduce -0.0%
MSFT Microsoft Corp.	2.55%	126,174	$47.4M	Add +1.6%
VTV Vanguard Mrngstr Val ETF-Aui	2.39%	257,559	$44.5M	Add +1.8%
IVV iShares Core S&P 500 ETF	2.39%	79,168	$44.5M	Add +3.5%
VONG Vanguard Russell 1000 Growth	2.37%	475,234	$44.1M	Reduce -1.7%
SPTM SS SPDR P S&P 1500 Comp ETF	2.35%	642,863	$43.7M	Add +4.1%
AMZN Amazon.com Inc.	2.31%	225,962	$43.0M	Add +1.8%
VYM Vanguard High DVD Yield ETF	2.29%	329,589	$42.5M	Add +2.4%
COST Costco Wholesale Corp.	2.10%	41,231	$39.0M	Add +1.6%
RSPT Invesco S&P 500 Equal Weight	2.06%	1,120,870	$38.3M	Add +4.7%
XLV SS Health Care Select Sector	1.84%	233,982	$34.2M	Add +0.9%
GOOG Alphabet Inc. Class C	1.81%	215,538	$33.7M	Add +0.5%
SPYG SS SPDR P S&P 500 Growth ETF	1.76%	407,277	$32.7M	Add +1.8%
V Visa Inc. Class A	1.69%	89,855	$31.5M	Add +1.6%
IYG iShares U.S. Financial Servi	1.68%	396,609	$31.2M	Add +1.8%
BRK.B Berkshire Hathaway Inc. Class B	1.63%	57,017	$30.4M	Add +4.0%
META Meta Platforms Inc. Class A	1.61%	51,930	$29.9M	Add +1.9%
JPM JPMorgan Chase & Co.	1.57%	118,905	$29.2M	Add +2.2%
BX Blackstone Inc.	1.55%	205,404	$28.7M	Add +1.7%
SYK Stryker Corp.	1.40%	69,659	$25.9M	Add +2.3%
UBER Uber Technologies Inc.	1.39%	355,547	$25.9M	Add +4.1%
IBHH iShares Ibonds 2028 TM HY Inc.	1.34%	1,065,811	$24.9M	Add +15.5%
BKNG Booking Holdings Inc.	1.33%	5,363	$24.7M	Add +1.5%
CMG Chipotle Mexican Grill Inc.	1.24%	457,758	$23.0M	Add +2.8%
IBDT iShares Ibonds Dec 2028 ETF	1.22%	900,351	$22.7M	Add +5.9%
VOO Vanguard S&P 500 ETF	1.21%	43,734	$22.5M	Reduce -0.3%
SPY SS SPDR S&P 500 ETF Trust-US	1.21%	40,082	$22.4M	Reduce -1.1%
ICE Intercontinental Exchange Inc.	1.20%	129,131	$22.3M	Add +1.0%
SDY SS SPDR S&P Dividend ETF	1.19%	162,558	$22.1M	Add +3.3%
EFIV SS SPDR S&P 500 ESG ETF	1.09%	378,593	$20.3M	Reduce -0.5%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	1.02%	54,860	$18.9M	Add +6.0%
MAR Marriott International Class A	1.01%	78,517	$18.7M	Add +2.5%
HD Home Depot Inc.	1.01%	50,990	$18.7M	Add +2.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.95%	68,551	$17.7M	Add +0.6%
ANET Arista Networks Inc.	0.95%	228,244	$17.7M	Reduce -0.9%
VUG Vanguard Mrngstar GR ETF-Sui	0.90%	45,083	$16.7M	Add +8.4%
MMTM SS SPDR S&P 1500 Mom Tilt	0.81%	62,467	$15.0M	Add +5.4%
BLK BlackRock Inc.	0.79%	15,441	$14.6M	Add +2.6%
IJT iShares S&P Small-Cap 600 GR	0.76%	113,259	$14.1M	Reduce -0.1%
RCL Royal Caribbean Cruises Ltd.	0.76%	68,488	$14.1M	Reduce -0.4%
FTNT Fortinet Inc.	0.76%	145,916	$14.0M	Add +120.9%
IBTI iShares Ibonds Dec 2028 Term	0.72%	600,982	$13.4M	Add +11.8%
UNH Unitedhealth Group Inc.	0.71%	25,193	$13.2M	Reduce -2.2%
CPRT Copart Inc.	0.69%	225,395	$12.8M	Add +1.6%
ONON On Holding AG Class A filed as ON HLDG AG	0.68%	286,337	$12.6M	Reduce -0.1%
TXN Texas Instruments Inc.	0.64%	65,697	$11.8M	Reduce -2.8%
IBHF iShares Ibond 2026 HY & Inc.	0.61%	489,863	$11.4M	Add +13.4%
IWY iShares Russell Top 200 Grow	0.60%	53,027	$11.2M	Add +3.3%
IBTG iShares Ibonds Dec 2026 Term	0.60%	482,608	$11.1M	Add +7.8%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.57%	56,744	$10.6M	Reduce -0.4%
ARCC Ares Capital Corp.	0.55%	462,684	$10.3M	Add +3.7%
IBTF iShares Ibonds Dec 2025 Term	0.53%	424,378	$9.9M	Add +4.3%
VEU Vanguard Ftse All-World Ex-U	0.53%	162,589	$9.9M	Reduce -0.1%
IJR iShares Core S&P Small-Cap E	0.51%	90,202	$9.4M	Add +0.9%
DGT SS SPDR Global Dow ETF	0.50%	66,517	$9.3M	Add +0.2%
SPYM Ste STR SPDR PT S&P 500 ETF	0.49%	138,510	$9.1M	Reduce -1.3%
IGRO iShares Intl Div Growth ETF	0.49%	124,561	$9.0M	Add +1.7%
CRM Salesforce Inc.	0.47%	32,310	$8.7M	Add +3.7%
SHOP Shopify Inc. Class A	0.44%	86,462	$8.3M	Add +2.3%
SO The Southern Co.	0.44%	89,530	$8.2M	Add +4.6%
CRWD CrowdStrike Holdings Inc. Class A	0.44%	23,113	$8.1M	Add +415.1%
IDEV iShares Core MSCI Dev MKTS	0.41%	110,975	$7.6M	Reduce -0.4%
IWR iShares Russell Mid-Cap ETF	0.39%	84,318	$7.2M	Reduce -0.4%
SOFI Sofi Technologies Inc.	0.38%	604,931	$7.0M	Add +2.0%
GOOGL Alphabet Inc. Class A	0.37%	44,935	$6.9M	Add +0.8%
AVGO Broadcom Inc.	0.34%	37,488	$6.3M	Add +1735.0%
KKR KKR & Co. Inc.	0.28%	45,449	$5.3M	New
IWM iShares Russell 2000 ETF	0.25%	23,353	$4.7M	Add +3.3%
RACE Ferrari NV	0.25%	10,774	$4.6M	Add +3.5%
MDY State Street SPDR S&P Midcap	0.14%	4,728	$2.5M	Reduce -5.2%
VTI VG Morningstar TS MKT ETF-US	0.08%	5,646	$1.6M	Add +30.2%
SPYV SS SPDR P S&P 500 Value ETF	0.08%	28,551	$1.5M	Reduce -3.0%
XOM Exxon Mobil Corp.	0.07%	11,367	$1.4M	Reduce -0.7%
NULG Nuveen ESG LRG-Cap GRW ETF	0.07%	16,713	$1.3M	No change
TY Tri-Continental Corp.	0.07%	40,804	$1.3M	Reduce -28.6%
IBHE iShares Ibonds 2025 H/Y Inc.	0.07%	53,631	$1.2M	Add +205.4%
SPDW Ste STR SPDR PT DW Eu ETF	0.06%	31,752	$1.2M	Reduce -13.3%
IWF iShares Russell 1000 Growth	0.06%	3,150	$1.1M	Reduce -1.4%
IWS iShares Russell Mid-Cap Valu	0.05%	7,494	$944K	Add +0.8%
IBB iShares Biotechnology ETF	0.05%	6,815	$872K	Reduce -6.0%
TSLA Tesla Inc.	0.05%	3,275	$849K	Reduce -13.2%
PSCT Invesco S&P Smallcap Informa	0.04%	20,569	$824K	No change
SPSM SS SPDR P S&P 600 Small Cap	0.04%	20,117	$820K	Reduce -0.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.04%	1,915	$804K	New
PGR Progressive Corp.	0.04%	2,556	$723K	New
DKNG Draftkings Inc. Class A	0.04%	21,610	$718K	Reduce -0.1%
LLY Eli Lilly & Co.	0.04%	849	$701K	Add +2.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.04%	6,869	$678K	Reduce -0.5%
D Dominion Energy Inc.	0.04%	11,611	$651K	Reduce -0.2%
XSORX Source Capital Inc.	0.03%	14,955	$621K	No change
SLYG SS SPDR S&P 600 SC GR ETF	0.03%	6,178	$513K	Reduce -0.7%
UNP Union Pacific Corp.	0.03%	2,153	$509K	Reduce -0.3%
VGT Vanguard Info Tech ETF	0.03%	928	$503K	Add +5.3%
CEG Constellation Energy	0.03%	2,457	$495K	Reduce -0.2%
PG The Procter & Gamble Co.	0.03%	2,829	$482K	Reduce -2.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.02%	3,706	$451K	New
VCSH Vanguard S/T Corp. Bond ETF	0.02%	5,650	$446K	Reduce -4.2%
SPMD SS SPDR P S&P 400 Midcap ETF	0.02%	8,531	$437K	Reduce -0.6%
SPSB SS SPDR P St C Corp. ETF	0.02%	13,940	$420K	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.02%	9,960	$416K	Add +10.3%
BND Vanguard Total Bond Market	0.02%	5,526	$406K	New
WMT Walmart Inc.	0.02%	4,587	$403K	Reduce -0.9%
SPEM State Street SP PTF Em ETF	0.02%	9,842	$387K	Reduce -11.6%
EFA iShares MSCI Eafe ETF	0.02%	4,316	$353K	No change
XLE SS Energy Select Sector	0.02%	3,725	$348K	Reduce -9.3%
IBHI iShares Ibonds 2029 TM HY Inc.	0.02%	14,863	$345K	New
SCHB Schwab US Broad Market ETF	0.02%	16,007	$345K	Reduce -11.4%
IBDU iShares Ibonds Dec 2029 Term	0.02%	14,706	$340K	New
SCHX Schwab US Large-Cap ETF	0.02%	15,397	$340K	Reduce -15.9%
BROS Dutch Bros Inc. Class A	0.02%	5,400	$333K	No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.02%	1,326	$330K	Add +12.8%
KO The Coca-Cola Co.	0.02%	4,591	$329K	Add +5.2%
VZ Verizon Communications Inc.	0.02%	7,244	$329K	Reduce -1.7%
WELL Welltower Inc.	0.02%	2,137	$327K	No change
MRK Merck & Co. Inc.	0.02%	3,635	$326K	Reduce -2.3%
APD Air Products & Chemicals Inc.	0.02%	1,093	$322K	No change
ABBV Abbvie Inc.	0.02%	1,497	$314K	New
PINS Pinterest Inc. Class A	0.02%	9,943	$308K	Reduce -89.3%
PNC PNC Financial Services Group	0.02%	1,680	$295K	No change
IBMN iShares Ibonds Dec 2025 Term	0.02%	11,003	$294K	No change
SPOT Spotify Technology SA	0.02%	515	$283K	Add +1.8%
EXC Exelon Corp.	0.01%	6,033	$278K	Reduce -0.1%
LUNR Intuitive Machines Inc.	0.01%	36,906	$275K	Add +243.5%
MMM 3M Co.	0.01%	1,803	$265K	Reduce -1.8%
YOU Clear Secure Inc. Class A	0.01%	10,000	$259K	No change
HON Honeywell International Inc.	0.01%	1,208	$256K	Reduce -0.4%
DE Deere & Co.	0.01%	538	$253K	Reduce -0.7%
NFLX Netflix Inc.	0.01%	267	$249K	Reduce -6.3%
QTEC First Trust Nasdq 100 Tech I	0.01%	1,419	$246K	No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.01%	4,480	$245K	Reduce -0.4%
PEP Pepsico Inc.	0.01%	1,589	$238K	Add +5.3%
RKLB Rocket Lab USA Inc.	0.01%	13,102	$234K	New
CAVA Cava Group Inc.	0.01%	2,660	$230K	No change
AXP American Express Co.	0.01%	851	$229K	No change
UPS United Parcel Service Class B	0.01%	2,068	$227K	No change
USHY iShares Broad Usd High Yield	0.01%	5,993	$221K	Add +3.6%
SCHD Schwab US DVD Equity ETF	0.01%	7,823	$219K	Reduce -36.1%
LMT Lockheed Martin Corp.	0.01%	479	$214K	Reduce -5.2%
LH Labcorp Holdings Inc.	0.01%	914	$213K	Reduce -95.8%
CSX CSX Corp.	0.01%	7,185	$211K	Add +1.7%
IBMO iShares Ibonds Dec 2026 Term	0.01%	8,179	$209K	No change
ESML iShares ESG Aware MSCI USA S	0.01%	5,372	$206K	No change
VEA Vanguard Ftse Developed ETF	0.01%	3,962	$201K	New
CAT Caterpillar Inc.	0.01%	611	$201K	Add +0.2%
FAN First Trust Global Wind Ener	0.01%	12,672	$190K	Reduce -0.3%

Other holdings (3): bonds, preferreds, convertibles and warrants · $26.7M (not counted above)

Security	Class	Shares / Principal	Value	Change
IBDR iShares Ibonds Dec 2026 Term	IBONDS DEC2026 · principal	632,647	$15.3M	Add +15.8%
IBDQ iShares Ibonds Dec 2025 Term	IBONDS DEC25 ETF · principal	452,364	$11.4M	Add +6.3%
DEXCOM INC (DXCM 0.25 11/15/25)	NOTE 0.250%11/1 · principal	11,000	$11K	No change

Total filed on the 13F, all lines: $1.9B.

Portfolio Sells Q4 2024 → Q1 2025


NVDA Nvidia Corp.	Reduce -0.8%	2.93%	−0.61
AMD Advanced Micro Devices	Sold out	0.00%	−0.59
ADBE Adobe Inc.	Sold out	0.00%	−0.59
ANET Arista Networks Inc.	Reduce -0.9%	0.95%	−0.37
ABNB Airbnb Inc. Class A	Sold out	0.00%	−0.34
LH Labcorp Holdings Inc.	Reduce -95.8%	0.01%	−0.25
VONG Vanguard Russell 1000 Growth	Reduce -1.7%	2.37%	−0.22
ONON On Holding AG Class A	Reduce -0.1%	0.68%	−0.14
PINS Pinterest Inc. Class A	Reduce -89.3%	0.02%	−0.12
RCL Royal Caribbean Cruises Ltd.	Reduce -0.4%	0.76%	−0.07
IJT iShares S&P Small-Cap 600 GR	Reduce -0.1%	0.76%	−0.04
TSLA Tesla Inc.	Reduce -13.2%	0.05%	−0.03
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -1.1%	1.21%	−0.03
EFIV SS SPDR S&P 500 ESG ETF	Reduce -0.5%	1.09%	−0.03
TY Tri-Continental Corp.	Reduce -28.6%	0.07%	−0.03
TXN Texas Instruments Inc.	Reduce -2.8%	0.64%	−0.02
VOO Vanguard S&P 500 ETF	Reduce -0.3%	1.21%	−0.02
VBR Vngrd Mrngst SL-CP Val ETF-U	Reduce -0.4%	0.57%	−0.02
TTD Trade Desk Inc./the Class A	Reduce -0.4%	0.01%	−0.01
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -1.3%	0.49%	−0.01
MDY State Street SPDR S&P Midcap	Reduce -5.2%	0.14%	−0.01
ITOT iShares Core S&P Total U.S.	Sold out	0.00%	−0.01
ROK Rockwell Automation Inc.	Sold out	0.00%	−0.01
FDN First Trust DJ Internet Ind	Sold out	0.00%	−0.01
ORCL Oracle Corp.	Sold out	0.00%	−0.01
BA The Boeing Co.	Sold out	0.00%	−0.01
LOW Lowe's Cos Inc.	Sold out	0.00%	−0.01
SCHD Schwab US DVD Equity ETF	Reduce -36.1%	0.01%	−0.01
IWF iShares Russell 1000 Growth	Reduce -1.4%	0.06%	−0.01
SCHX Schwab US Large-Cap ETF	Reduce -15.9%	0.02%	−0.00
DIS The Walt Disney Co.	Reduce -0.5%	0.04%	−0.00
DKNG Draftkings Inc. Class A	Reduce -0.1%	0.04%	−0.00
IWR iShares Russell Mid-Cap ETF	Reduce -0.4%	0.39%	−0.00
IBB iShares Biotechnology ETF	Reduce -6.0%	0.05%	−0.00
SPSM SS SPDR P S&P 600 Small Cap	Reduce -0.1%	0.04%	−0.00
SPDW Ste STR SPDR PT DW Eu ETF	Reduce -13.3%	0.06%	−0.00
SCHB Schwab US Broad Market ETF	Reduce -11.4%	0.02%	−0.00
CEG Constellation Energy	Reduce -0.2%	0.03%	−0.00
MRK Merck & Co. Inc.	Reduce -2.3%	0.02%	−0.00
SLYG SS SPDR S&P 600 SC GR ETF	Reduce -0.7%	0.03%	−0.00
SPEM State Street SP PTF Em ETF	Reduce -11.6%	0.02%	−0.00
LMT Lockheed Martin Corp.	Reduce -5.2%	0.01%	−0.00
SPMD SS SPDR P S&P 400 Midcap ETF	Reduce -0.6%	0.02%	−0.00
HON Honeywell International Inc.	Reduce -0.4%	0.01%	−0.00
WMT Walmart Inc.	Reduce -0.9%	0.02%	−0.00
VCSH Vanguard S/T Corp. Bond ETF	Reduce -4.2%	0.02%	+0.00
NFLX Netflix Inc.	Reduce -6.3%	0.01%	+0.00
SPYV SS SPDR P S&P 500 Value ETF	Reduce -3.0%	0.08%	+0.00
XLE SS Energy Select Sector	Reduce -9.3%	0.02%	+0.00
FAN First Trust Global Wind Ener	Reduce -0.3%	0.01%	+0.00

Portfolio Buys Q4 2024 → Q1 2025


FTNT Fortinet Inc.	Add +120.9%	0.76%	+0.43
CRWD CrowdStrike Holdings Inc. Class A	Add +415.1%	0.44%	+0.36
BRK.B Berkshire Hathaway Inc. Class B	Add +4.0%	1.63%	+0.34
UBER Uber Technologies Inc.	Add +4.1%	1.39%	+0.32
AVGO Broadcom Inc.	Add +1735.0%	0.34%	+0.31
KKR KKR & Co. Inc.	New	0.28%	+0.28
AJG Arthur J Gallagher & Co.	Add +6.0%	1.02%	+0.26
V Visa Inc. Class A	Add +1.6%	1.69%	+0.24
IBHH iShares Ibonds 2028 TM HY Inc.	Add +15.5%	1.34%	+0.22
ICE Intercontinental Exchange Inc.	Add +1.0%	1.20%	+0.21
XLV SS Health Care Select Sector	Add +0.9%	1.84%	+0.18
VTV Vanguard Mrngstr Val ETF-Aui	Add +1.8%	2.39%	+0.17
COST Costco Wholesale Corp.	Add +1.6%	2.10%	+0.17
VYM Vanguard High DVD Yield ETF	Add +2.4%	2.29%	+0.15
IBDT iShares Ibonds Dec 2028 ETF	Add +5.9%	1.22%	+0.12
SYK Stryker Corp.	Add +2.3%	1.40%	+0.12
JPM JPMorgan Chase & Co.	Add +2.2%	1.57%	+0.12
IBTI iShares Ibonds Dec 2028 Term	Add +11.8%	0.72%	+0.11
SDY SS SPDR S&P Dividend ETF	Add +3.3%	1.19%	+0.11
VIG Vanguard Dividend Apprec ETF	Add +1.0%	3.06%	+0.10
IYG iShares U.S. Financial Servi	Add +1.8%	1.68%	+0.10
IBHF iShares Ibond 2026 HY & Inc.	Add +13.4%	0.61%	+0.09
RSP Invesco S&P 500 Equal Weight	Add +0.3%	3.16%	+0.08
SO The Southern Co.	Add +4.6%	0.44%	+0.08
IBTG iShares Ibonds Dec 2026 Term	Add +7.8%	0.60%	+0.06
META Meta Platforms Inc. Class A	Add +1.9%	1.61%	+0.06
SPTM SS SPDR P S&P 1500 Comp ETF	Add +4.1%	2.35%	+0.06
IGRO iShares Intl Div Growth ETF	Add +1.7%	0.49%	+0.05
IVV iShares Core S&P 500 ETF	Add +3.5%	2.39%	+0.05
IBHE iShares Ibonds 2025 H/Y Inc.	Add +205.4%	0.07%	+0.05
DGT SS SPDR Global Dow ETF	Add +0.2%	0.50%	+0.04
ARCC Ares Capital Corp.	Add +3.7%	0.55%	+0.04
DIA SS SPDR Dow Jones Indus Avg	New	0.04%	+0.04
IBTF iShares Ibonds Dec 2025 Term	Add +4.3%	0.53%	+0.04
PGR Progressive Corp.	New	0.04%	+0.04
CPRT Copart Inc.	Add +1.6%	0.69%	+0.02
TJX TJX Companies Inc.	New	0.02%	+0.02
BND Vanguard Total Bond Market	New	0.02%	+0.02
IBHI iShares Ibonds 2029 TM HY Inc.	New	0.02%	+0.02
IBDU iShares Ibonds Dec 2029 Term	New	0.02%	+0.02
VTI VG Morningstar TS MKT ETF-US	Add +30.2%	0.08%	+0.02
RACE Ferrari NV	Add +3.5%	0.25%	+0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd	Add +0.6%	0.95%	+0.02
ABBV Abbvie Inc.	New	0.02%	+0.02
RKLB Rocket Lab USA Inc.	New	0.01%	+0.01
VUG Vanguard Mrngstar GR ETF-Sui	Add +8.4%	0.90%	+0.01
VEA Vanguard Ftse Developed ETF	New	0.01%	+0.01
MMTM SS SPDR S&P 1500 Mom Tilt	Add +5.4%	0.81%	+0.01
LUNR Intuitive Machines Inc.	Add +243.5%	0.01%	+0.00
IBM Intl Business Machines Corp.	Add +12.8%	0.02%	+0.00

Notes & Other Activity Q4 2024 → Q1 2025


IBDR iShares Ibonds Dec 2026 Term	IBONDS DEC2026 · principal	Add +15.8%	632,647	$15.3M
IBDQ iShares Ibonds Dec 2025 Term	IBONDS DEC25 ETF · principal	Add +6.3%	452,364	$11.4M

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	204	$2.7B	VV, QQQ, RSPT, NVDA, IVV
Q1 2026	185	$2.3B	VV, QQQ, NVDA, RSPT, VIG
Q4 2025	187	$2.4B	VV, QQQ, NVDA, RSPT, VIG
Q3 2025	177	$2.3B	VV, QQQ, NVDA, MSFT, IVV
Q2 2025	171	$2.1B	VV, QQQ, NVDA, MSFT, VIG
Q1 2025	151	$1.9B	VV, QQQ, RSP, VIG, NVDA
Q4 2024	150	$1.9B	VV, QQQ, NVDA, RSP, VIG
Q3 2024	145	$1.8B	VV, QQQ, NVDA, RSP, VIG
Q2 2024	136	$1.7B	VV, QQQ, NVDA, RSP, MSFT
Q1 2024	122	$1.6B	VV, QQQ, RSP, MSFT, VIG