Belpointe Asset Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Belpointe Asset Management LLC reported 849 stock positions worth $1.7 billion. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.3%) and Invesco QQQ Trust Series 1 (QQQ, 3.0%). Compared with Q3 2024, it opened 47 new positions, sold out of 119, added to 330 and reduced 364. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +165%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −43%).

Most Recent 13F
Q2 2026
Location
RENO, NV
CIK
0001721242
Portfolio Value
$1.7B (Q4 2024)
SEC Filing
0001721242-25-000002 ↗ filed Feb 13, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.7B $1.7B Q4 2024 Q1 2025: $1.9B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.6B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $3.1B Q2 2026

Holdings 849 stocks · $1.7B
AAPL Apple Inc. 5.02% 363,826 $83.4M Add +6.3%
SPY SS SPDR S&P 500 ETF Trust-US 3.26% 96,082 $54.2M Reduce -17.8%
QQQ Invesco QQQ Trust Series 1 2.96% 103,124 $49.1M Reduce -6.3%
NVDA Nvidia Corp. 2.69% 373,638 $44.7M Add +3.6%
NDOW Anydrus Advantage ETF filed as COLLABORATIVE INVESTMNT SER 2.30% 1,523,987 $38.3M Reduce -1.5%
BMI Badger Meter Inc. 2.23% 179,130 $37.1M No change
MSFT Microsoft Corp. 2.00% 79,611 $33.2M Reduce -0.8%
RSEE Rareview Systematic Equity filed as COLLABORATIVE INVESTMNT SER 1.78% 966,284 $29.6M Reduce -2.6%
AMZN Amazon.com Inc. 1.48% 137,172 $24.5M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 1.36% 47,356 $22.5M Reduce -0.4%
VOO Vanguard S&P 500 ETF 1.33% 42,581 $22.1M Reduce -0.5%
OZ Belpointe Prep LLC Class A 1.16% 298,385 $19.2M No change
SPYM Ste STR SPDR PT S&P 500 ETF 1.13% 282,778 $18.7M Add +165.1%
BIL SS SPDR BB 1-3M T-Bill ETF 1.12% 203,142 $18.7M Add +14.6%
META Meta Platforms Inc. Class A 1.07% 33,567 $17.7M Reduce -2.9%
TLT iShares 20+ Year Treasury BD 0.95% 163,078 $15.7M Reduce -9.9%
RTRE Rareview Total Return BD ETF filed as COLLABORATIVE INVESTMNT SER 0.89% 571,394 $14.8M Add +0.4%
RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER 0.85% 574,007 $14.0M Add +0.6%
COWZ Pacer US Cash Cows 100 ETF 0.71% 205,014 $11.9M Reduce -3.2%
GHTA Goose Hollow Tactical Alloc filed as COLLABORATIVE INVESTMNT SER 0.70% 407,890 $11.6M Reduce -2.5%
COLLABORATIVE INVESTMNT SER 0.68% 431,030 $11.3M Add +2.5%
TSLA Tesla Inc. 0.64% 46,813 $10.7M Add +25.0%
GOOGL Alphabet Inc. Class A 0.64% 65,357 $10.7M Add +4.3%
VCIT Vanguard Int-Term Corporate 0.59% 117,724 $9.7M Add +1.5%
IVW iShares S&P 500 Growth ETF 0.57% 101,351 $9.5M Add +0.5%
BMY Bristol-Myers Squibb Co. 0.57% 188,441 $9.4M Reduce -3.5%
IGM iShares Expanded Tech Sector 0.55% 98,606 $9.2M Reduce -0.0%
JPM JPMorgan Chase & Co. 0.54% 40,064 $9.0M Reduce -4.2%
SNAV Mohr Sector Nav ETF filed as COLLABORATIVE INVESTMNT SER 0.52% 286,390 $8.7M Reduce -0.1%
IVV iShares Core S&P 500 ETF 0.52% 15,270 $8.7M Reduce -43.2%
GE General Electric filed as GE AEROSPACE 0.51% 48,394 $8.5M Reduce -0.5%
VGT Vanguard Info Tech ETF 0.51% 14,690 $8.4M Reduce -2.5%
IWM iShares Russell 2000 ETF 0.49% 36,811 $8.1M Add +25.9%
VTI VG Morningstar TS MKT ETF-US 0.48% 28,783 $8.0M Add +0.9%
COST Costco Wholesale Corp. 0.48% 8,842 $7.9M Add +23.3%
ABBV Abbvie Inc. 0.47% 39,528 $7.8M Reduce -0.6%
XLC SS Comm Select Sector SPDR 0.46% 88,287 $7.7M Add +737.5%
GOOG Alphabet Inc. Class C 0.46% 45,954 $7.6M Add +1.9%
XOM Exxon Mobil Corp. 0.43% 60,681 $7.2M Add +3.8%
XLK SS Technology Select Sector 0.43% 32,023 $7.1M Add +0.6%
EFA iShares MSCI Eafe ETF 0.41% 82,255 $6.8M Reduce -5.7%
SCHD Schwab US DVD Equity ETF 0.41% 149,115 $6.8M Reduce -28.4%
IJH iShares Core S&P Midcap ETF 0.41% 109,508 $6.8M Reduce -18.2%
PFE Pfizer Inc. 0.40% 231,398 $6.7M Add +2.4%
PULS Pgim Ultra Short Bond ETF 0.39% 130,505 $6.5M Reduce -1.8%
NFLX Netflix Inc. 0.39% 9,215 $6.5M Reduce -2.3%
PAPR Innovator U.S. Equity Power 0.38% 178,787 $6.3M Reduce -2.8%
VT Vanguard Tot World STK ETF 0.38% 53,262 $6.3M Reduce -0.3%
JEPI JPMorgan Equity Premium Inco 0.37% 104,309 $6.1M Add +1.4%
GLD SPDR Gold Shares 0.37% 26,263 $6.1M Add +4.9%
SPGM State Street SPDR Portfolio 0.35% 93,075 $5.9M Reduce -0.3%
TIP iShares Tips Bond ETF 0.34% 51,859 $5.6M Add +7.7%
IEI iShares 3-7 Year Treasury Bo 0.34% 47,275 $5.6M Add +1040.3%
QYLD Global X Nasd 100 Cov Call 0.33% 304,603 $5.4M Add +1.2%
FTLS First Trust Long/Short Eqty 0.32% 82,174 $5.3M Reduce -2.3%
QQQM Invesco Nasdaq 100 ETF 0.32% 25,960 $5.3M Add +1.9%
UNH Unitedhealth Group Inc. 0.31% 8,799 $5.2M Add +0.4%
ORCL Oracle Corp. 0.31% 35,907 $5.1M Add +11.3%
XLF SS Financial Select Sector 0.30% 110,388 $5.1M Add +69.1%
XLE SS Energy Select Sector 0.29% 53,363 $4.9M Reduce -3.8%
VZ Verizon Communications Inc. 0.29% 116,405 $4.9M Add +9.7%
LLY Eli Lilly & Co. 0.29% 5,023 $4.8M Add +0.9%
PEP Pepsico Inc. 0.29% 27,625 $4.8M Add +2.4%
NEE Nextera Energy Inc. 0.29% 59,151 $4.8M Add +12.7%
PH Parker Hannifin Corp. 0.28% 7,832 $4.7M Reduce -0.1%
AEE Ameren Corporation 0.28% 52,313 $4.7M Add +1.8%
VWO Vanguard Ftse Emerging Marke 0.28% 104,132 $4.7M Add +0.1%
MBB iShares MBS ETF 0.28% 48,610 $4.6M Reduce -0.4%
WM Waste Management Inc. 0.27% 21,471 $4.6M Reduce -0.0%
HD Home Depot Inc. 0.27% 12,289 $4.5M Reduce -16.0%
SPDW Ste STR SPDR PT DW Eu ETF 0.27% 121,424 $4.5M Reduce -0.2%
PSFF Pacer Swan Sos Fund of Funds 0.27% 158,204 $4.5M Add +5.2%
MA Mastercard Inc. Class A 0.27% 9,248 $4.5M Add +30.1%
KBE SS SPDR S&P Bank ETF 0.26% 81,237 $4.4M Add +1378.9%
PG The Procter & Gamble Co. 0.26% 25,093 $4.3M Add +24.3%
XYLD Global X S&P 500 Cove Call E 0.26% 102,808 $4.2M Add +2.6%
XAI OCTAGN FLT RAT & ALT INM 0.25% 613,462 $4.2M Reduce -2.2%
LMT Lockheed Martin Corp. 0.25% 7,368 $4.2M Add +1.8%
PTL Inspire 500 ETF 0.25% 19,754 $4.1M Reduce -9.8%
MCD McDonald's Corp. 0.25% 14,186 $4.1M Reduce -0.2%
V Visa Inc. Class A 0.25% 14,796 $4.1M Reduce -12.2%
GRBK Green Brick Partners Inc. 0.24% 50,251 $4.0M Reduce -0.3%
QCOM Qualcomm Inc. 0.24% 22,533 $4.0M Add +4.2%
JNJ Johnson & Johnson 0.24% 23,712 $3.9M Add +0.7%
PPA Invesco Aerospace & Defense 0.24% 34,394 $3.9M Reduce -1.1%
TMO Thermo Fisher Scientific Inc. 0.23% 6,253 $3.8M Reduce -0.4%
EXAS Exact Sciences Corp. 0.23% 61,760 $3.8M Add +0.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.23% 9,014 $3.8M Reduce -44.3%
AVGO Broadcom Inc. 0.23% 23,037 $3.8M Reduce -36.3%
IVE iShares S&P 500 Value ETF 0.22% 18,660 $3.7M Reduce -0.1%
SPAB SS SPDR P Agg Bond ETF 0.22% 139,436 $3.6M Reduce -28.1%
XLV SS Health Care Select Sector 0.22% 22,858 $3.6M Add +3.3%
TXN Texas Instruments Inc. 0.21% 16,516 $3.5M Add +7.6%
BLV Vanguard Long-Term Bond ETF 0.21% 47,436 $3.5M Add +0.0%
RTX RTX Corp. 0.21% 28,129 $3.5M Add +2.9%
WEC WEC Energy Group Inc. 0.21% 37,028 $3.4M Add +17.8%
QTEC First Trust Nasdq 100 Tech I 0.21% 17,951 $3.4M Reduce -0.1%
KWY Kingsway Corp. 0.21% 411,893 $3.4M Reduce -0.6%
ICF iShares Select U.S. REIT ETF 0.20% 52,447 $3.4M Add +0.4%
IBTF iShares Ibonds Dec 2025 Term 0.20% 144,272 $3.4M Add +16.7%

Show all 849 holdings

Portfolio Sells Q3 2024 → Q4 2024
IVV iShares Core S&P 500 ETF Reduce -43.2% 0.52% −0.41
USFR Wisdomtree Floating Rate Tre Reduce -81.3% 0.07% −0.32
QQQ Invesco QQQ Trust Series 1 Reduce -6.3% 2.96% −0.26
SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −0.26
DIA SS SPDR Dow Jones Indus Avg Reduce -44.3% 0.23% −0.18
AVGO Broadcom Inc. Reduce -36.3% 0.23% −0.15
AGG iShares Core U.S. Aggregate Reduce -66.0% 0.06% −0.12
META Meta Platforms Inc. Class A Reduce -2.9% 1.07% −0.12
TLT iShares 20+ Year Treasury BD Reduce -9.9% 0.95% −0.12
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -58.1% 0.08% −0.11
RSEE Rareview Systematic Equity Reduce -2.6% 1.78% −0.09
IJH iShares Core S&P Midcap ETF Reduce -18.2% 0.41% −0.09
SPAB SS SPDR P Agg Bond ETF Reduce -28.1% 0.22% −0.09
FELC Fidelity Enh LRG Cap Cor ETF Sold out 0.00% −0.09
HD Home Depot Inc. Reduce -16.0% 0.27% −0.08
SPY SS SPDR S&P 500 ETF Trust-US Reduce -17.8% 3.26% −0.08
CSCO Cisco Systems Inc. Reduce -40.7% 0.09% −0.07
MSFT Microsoft Corp. Reduce -0.8% 2.00% −0.07
XLG Invesco S&P 500 Top 50 ETF Reduce -34.8% 0.12% −0.07
XSMO Invesco S&P Smallcap Momentu Reduce -42.8% 0.09% −0.06
NDOW Anydrus Advantage ETF Reduce -1.5% 2.30% −0.06
FDVV Fidelity High Dividend ETF Sold out 0.00% −0.06
IWB iShares Russell 1000 ETF Reduce -44.0% 0.07% −0.05
NEOS ENHANCED INCOME CREDIT SELECT ETF Sold out 0.00% −0.05
IJR iShares Core S&P Small-Cap E Reduce -37.4% 0.09% −0.05
URNM Sprott Uranium Miners ETF Reduce -45.4% 0.05% −0.05
GHTA Goose Hollow Tactical Alloc Reduce -2.5% 0.70% −0.05
LRCX Lam Research Corp. Reduce -93.6% 0.09% −0.05
CLIP Global X 1-3 Month T-Bill Sold out 0.00% −0.04
XLRE SS Real Estate Select Sector Reduce -35.6% 0.07% −0.04
GE General Electric Reduce -0.5% 0.51% −0.04
BMY Bristol-Myers Squibb Co. Reduce -3.5% 0.57% −0.04
VST Vistra Corp. Reduce -8.1% 0.08% −0.04
NVO Novo-Nordisk A/S-Spons ADR Reduce -52.4% 0.05% −0.04
GS Goldman Sachs Group Inc. Reduce -24.7% 0.11% −0.03
GOVT iShares US Treasury Bond ETF Reduce -53.8% 0.03% −0.03
ZROZ PIMCO 25+ YR Zero CPN US Tif Sold out 0.00% −0.03
V Visa Inc. Class A Reduce -12.2% 0.25% −0.03
PTL Inspire 500 ETF Reduce -9.8% 0.25% −0.03
PSLV Sprott Physical Silver Trust Reduce -52.6% 0.02% −0.03
AMT American Tower Corp. Reduce -11.9% 0.17% −0.03
PHYS Sprott Physical Gold Trust Sold out 0.00% −0.03
CMG Chipotle Mexican Grill Inc. Reduce -64.9% 0.01% −0.03
MRNA Moderna Inc. Sold out 0.00% −0.03
HPE Hewlett Packard Enterprise Sold out 0.00% −0.03
GBTC Grayscale Bitcoin Trust ETF Reduce -29.0% 0.05% −0.03
EFA iShares MSCI Eafe ETF Reduce -5.7% 0.41% −0.03
O Realty Income Corp. Reduce -24.0% 0.08% −0.03
VOO Vanguard S&P 500 ETF Reduce -0.5% 1.33% −0.03
TFC Truist Financial Corp. Reduce -44.4% 0.03% −0.02

Portfolio Buys Q3 2024 → Q4 2024
SPYM Ste STR SPDR PT S&P 500 ETF Add +165.1% 1.13% +0.70
XLC SS Comm Select Sector SPDR Add +737.5% 0.46% +0.41
IEI iShares 3-7 Year Treasury Bo Add +1040.3% 0.34% +0.31
KBE SS SPDR S&P Bank ETF Add +1378.9% 0.26% +0.25
AAPL Apple Inc. Add +6.3% 5.02% +0.24
XHB SS SPDR S&P Homebldrs ETF Add +1521.2% 0.19% +0.18
BIL SS SPDR BB 1-3M T-Bill ETF Add +14.6% 1.12% +0.15
XLF SS Financial Select Sector Add +69.1% 0.30% +0.13
MAGS Roundhill Magnificent Seven Add +187.5% 0.19% +0.12
JGRO JPMorgan Active Growth ETF New 0.12% +0.12
IWM iShares Russell 2000 ETF Add +25.9% 0.49% +0.10
COST Costco Wholesale Corp. Add +23.3% 0.48% +0.09
LOW Lowe's Cos Inc. Add +134.1% 0.13% +0.07
NBIX Neurocrine Biosciences Inc. New 0.07% +0.07
COWG Pacer US LRG Cap Cows GR LD New 0.07% +0.07
NVDA Nvidia Corp. Add +3.6% 2.69% +0.06
SCTXX Schwab Amt Tax FR MNY-Ultra New 0.06% +0.06
FMDE Fidelity Enhanced Mid Cap Co. New 0.06% +0.06
SCHO Schwab Short-Term US Treas Add +12.2% 0.11% +0.06
TEUCRIUM WHEAT FUND New 0.06% +0.06
MA Mastercard Inc. Class A Add +30.1% 0.27% +0.06
TSLA Tesla Inc. Add +25.0% 0.64% +0.06
OKTA Okta Inc. New 0.06% +0.06
PDBC Invesco Optimum Yield Divers Add +545.2% 0.06% +0.05
GNRC Generac Holdings Inc. New 0.05% +0.05
LPLA LPL Financial Holdings Inc. New 0.05% +0.05
PG The Procter & Gamble Co. Add +24.3% 0.26% +0.05
IDXX Idexx Laboratories Inc. New 0.05% +0.05
TMUS T-Mobile US Inc. Add +56.3% 0.14% +0.05
VEEV Veeva Systems Inc. Class A Add +99.9% 0.09% +0.05
CPNG Coupang Inc. Add +39773.5% 0.04% +0.04
TSM Taiwan Semiconductor-SP ADR Add +41.8% 0.15% +0.04
SE Sea Ltd.-ADR Add +205.0% 0.07% +0.04
AMGN Amgen Inc. Add +20.2% 0.20% +0.04
BA The Boeing Co. Add +23.2% 0.13% +0.04
TEAM Atlassian Corp. Class A New 0.04% +0.04
ELV Elevance Health Inc. Add +25.7% 0.14% +0.04
APPF Appfolio Inc. Class A New 0.04% +0.04
GIS General Mills Inc. Add +98.6% 0.07% +0.04
JPIE JPMorgan Income ETF New 0.03% +0.03
SYY Sysco Corp. Add +166.5% 0.06% +0.03
HEI Heico Corp. Add +97.3% 0.07% +0.03
STIP iShares 0-5 Year Tips Bond E Add +22.4% 0.17% +0.03
CDNS Cadence Design SYS Inc. Add +132.9% 0.05% +0.03
CG The Carlyle Group Inc. New 0.03% +0.03
IBTF iShares Ibonds Dec 2025 Term Add +16.7% 0.20% +0.03
VCLT Vanguard Long-Term Corp. Bond Add +26.6% 0.15% +0.03
JD Jd.com Inc.-ADR New 0.03% +0.03
SCHM Schwab US Mid Cap ETF New 0.03% +0.03
DBEF Xtrackers MSCI Eafe Hedged E Add +165.5% 0.04% +0.03

Notes & Other Activity Q3 2024 → Q4 2024
IYC iShares US Consumer Discreti US CONSUM DISCRE Sold out 0 $43before exit
JNK SS SPDR BB High Yield Bond ST BLOO HIGH ETF Sold out 0 $43before exit
IYW iShares Ustechnology ETF U.S. TECH ETF Sold out 0 $14before exit
XYL Xylem Inc. COM Sold out 0 $12before exit
PFFD Global X US Preferred ETF US PFD ETF Sold out 0 $5before exit
RISR Foliobe Altr In&in H ETF-Usd FOLI AL RATE ETF Sold out 0 $1before exit
B Barrick Gold Corp. COM Sold out 0 $0before exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,120$3.1BQQQ, SPY, NVDA, AAPL, NDOW
Q1 2026 1,065$2.7BSPY, QQQ, AAPL, NVDA, PLGI
Q4 2025 1,018$2.8BNOW, SPY, QQQ, NVDA, AAPL
Q3 2025 980$2.6BNOW, NVDA, QQQ, SPY, AAPL
Q2 2025 934$2.4BNOW, NVDA, QQQ, SPY, AAPL
Q1 2025 913$1.9BSGOV, AAPL, SPY, QQQ, NVDA
Q4 2024 849$1.7BAAPL, SPY, QQQ, NVDA, NDOW
Q3 2024 921$1.7BAAPL, SPY, QQQ, NVDA, NDOW
Q2 2024 847$1.4BAAPL, SPY, QQQ, NVDA, MSFT
Q1 2024 783$1.3BAAPL, SPY, QQQ, NVDA, MSFT