Belpointe Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 20, 2025), Belpointe Asset Management LLC reported 913 stock positions worth $1.9 billion. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 4.1% of the portfolio, followed by Apple (AAPL, 3.6%) and SS SPDR S&P 500 ETF Trust-US (SPY, 2.9%). Compared with Q4 2024, it opened 219 new positions, sold out of 155, added to 343 and reduced 334. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +12921%) and the biggest sale Apple (AAPL, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001721242
- Portfolio Value
- $1.9B (Q1 2025)
- SEC Filing
- 0001721242-25-000004 ↗ filed May 20, 2025
Holdings Value
Holdings 913 stocks · $1.9B
| SGOV iShares 0-3 Month Treasury B | 4.10% | 781,783 | $78.7M | Add +12921.0% |
| AAPL Apple Inc. | 3.64% | 314,908 | $70.0M | Reduce -13.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.92% | 100,246 | $56.1M | Add +4.3% |
| QQQ Invesco QQQ Trust Series 1 | 2.39% | 97,955 | $45.9M | Reduce -5.0% |
| NVDA Nvidia Corp. | 2.04% | 371,417 | $39.2M | Reduce -0.6% |
| NDOW Anydrus Advantage ETF filed as COLLABORATIVE INVESTMNT SER | 1.87% | 1,457,654 | $35.9M | Reduce -4.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.85% | 387,709 | $35.6M | Add +90.9% |
| BMI Badger Meter Inc. | 1.77% | 178,961 | $34.0M | Reduce -0.1% |
| SCHX Schwab US Large-Cap ETF | 1.59% | 1,384,775 | $30.6M | Add +10083.7% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.56% | 1,268,807 | $30.0M | New |
| MSFT Microsoft Corp. | 1.53% | 78,113 | $29.3M | Reduce -1.9% |
| SCHG Schwab US Large-Cap Growth | 1.49% | 1,142,604 | $28.6M | Add +16634.1% |
| RSEE Rareview Systematic Equity filed as COLLABORATIVE INVESTMNT SER | 1.45% | 1,012,345 | $27.9M | Add +4.8% |
| VOO Vanguard S&P 500 ETF | 1.31% | 48,938 | $25.2M | Add +14.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.30% | 46,882 | $25.0M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 1.27% | 127,832 | $24.3M | Reduce -6.8% |
| OZ Belpointe Prep LLC Class A | 1.03% | 306,494 | $19.8M | Add +2.7% |
| CLIP Global X 1-3 Month T-Bill | 0.99% | 189,096 | $19.0M | New |
| RTRE Rareview Total Return BD ETF filed as COLLABORATIVE INVESTMNT SER | 0.99% | 756,365 | $18.9M | Add +32.4% |
| META Meta Platforms Inc. Class A | 0.95% | 31,674 | $18.3M | Reduce -5.6% |
| IVV iShares Core S&P 500 ETF | 0.89% | 30,363 | $17.1M | Add +98.8% |
| SCHF Schwab Intl Equity ETF | 0.84% | 814,896 | $16.1M | Add +6925.0% |
| GHTA Goose Hollow Tactical Alloc filed as COLLABORATIVE INVESTMNT SER | 0.64% | 422,807 | $12.3M | Add +3.7% |
| RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER | 0.64% | 519,462 | $12.3M | Reduce -9.5% |
| GLD SPDR Gold Shares | 0.60% | 40,194 | $11.6M | Add +53.0% |
| GOOGL Alphabet Inc. Class A | 0.59% | 73,460 | $11.4M | Add +12.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.57% | 42,650 | $11.0M | Add +658.6% |
| IJR iShares Core S&P Small-Cap E | 0.56% | 102,251 | $10.7M | Add +702.2% |
| JPM JPMorgan Chase & Co. | 0.52% | 40,435 | $9.9M | Add +0.9% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.51% | 176,579 | $9.7M | Add +957.7% |
| VCIT Vanguard Int-Term Corporate | 0.49% | 115,784 | $9.5M | Reduce -1.6% |
| GE General Electric filed as GE AEROSPACE | 0.49% | 47,145 | $9.4M | Reduce -2.6% |
| NFLX Netflix Inc. | 0.48% | 9,893 | $9.2M | Add +7.4% |
| JEPI JPMorgan Equity Premium Inco | 0.48% | 160,708 | $9.2M | Add +54.1% |
| VGT Vanguard Info Tech ETF | 0.46% | 16,392 | $8.9M | Add +11.6% |
| TSLA Tesla Inc. | 0.45% | 33,382 | $8.7M | Reduce -28.7% |
| COLLABORATIVE INVESTMNT SER | 0.44% | 329,702 | $8.5M | Reduce -23.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.43% | 228,146 | $8.3M | Add +87.9% |
| ROE Ast US Eq WGT QLTY Kings ETF | 0.42% | 272,852 | $8.0M | New |
| PULS Pgim Ultra Short Bond ETF | 0.41% | 159,270 | $7.9M | Add +22.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.41% | 119,648 | $7.9M | Reduce -57.7% |
| GOOG Alphabet Inc. Class C | 0.38% | 46,627 | $7.3M | Add +1.5% |
| ABBV Abbvie Inc. | 0.38% | 34,625 | $7.3M | Reduce -12.4% |
| EFG iShares MSCI Eafe Growth ETF | 0.38% | 72,216 | $7.2M | Add +2953.5% |
| XOM Exxon Mobil Corp. | 0.38% | 60,671 | $7.2M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 0.37% | 7,493 | $7.1M | Reduce -15.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.37% | 25,526 | $7.0M | Reduce -11.3% |
| V Visa Inc. Class A | 0.36% | 19,540 | $6.8M | Add +32.1% |
| SCHD Schwab US DVD Equity ETF | 0.36% | 244,568 | $6.8M | Add +64.0% |
| VGSH Vanguard Short-Term Treasury | 0.34% | 112,674 | $6.6M | Add +113.7% |
| IJH iShares Core S&P Midcap ETF | 0.34% | 111,938 | $6.5M | Add +2.2% |
| PTL Inspire 500 ETF | 0.33% | 31,131 | $6.4M | Add +57.6% |
| VT Vanguard Tot World STK ETF | 0.33% | 55,032 | $6.4M | Add +3.3% |
| SPGM State Street SPDR Portfolio | 0.33% | 101,724 | $6.3M | Add +9.3% |
| XLK SS Technology Select Sector | 0.33% | 30,425 | $6.3M | Reduce -5.0% |
| SNAV Mohr Sector Nav ETF filed as COLLABORATIVE INVESTMNT SER | 0.32% | 205,356 | $6.1M | Reduce -28.3% |
| AVGO Broadcom Inc. | 0.31% | 35,251 | $5.9M | Add +53.0% |
| BMY Bristol-Myers Squibb Co. | 0.31% | 96,578 | $5.9M | Reduce -48.8% |
| USFR Wisdomtree Floating Rate Tre | 0.30% | 115,894 | $5.8M | Add +377.3% |
| XLF SS Financial Select Sector | 0.30% | 116,373 | $5.8M | Add +5.4% |
| QYLD Global X Nasd 100 Cov Call | 0.30% | 347,010 | $5.8M | Add +13.9% |
| XYLD Global X S&P 500 Cove Call E | 0.30% | 145,610 | $5.8M | Add +41.6% |
| HD Home Depot Inc. | 0.30% | 15,470 | $5.7M | Add +25.9% |
| CTA Simplify Managed Futures St | 0.29% | 191,461 | $5.7M | New |
| IVW iShares S&P 500 Growth ETF | 0.29% | 60,669 | $5.6M | Reduce -40.1% |
| PDEC Innovator U.S. Equity Power | 0.29% | 149,262 | $5.6M | Add +1209.0% |
| PLTR Palantir Technologies Inc. Class A | 0.29% | 65,265 | $5.5M | Reduce -17.3% |
| JNJ Johnson & Johnson | 0.28% | 32,189 | $5.3M | Add +35.8% |
| AEE Ameren Corporation | 0.28% | 53,085 | $5.3M | Add +1.5% |
| PPA Invesco Aerospace & Defense | 0.27% | 44,759 | $5.2M | Add +30.1% |
| RTX RTX Corp. | 0.27% | 39,034 | $5.2M | Add +38.8% |
| WM Waste Management Inc. | 0.26% | 21,623 | $5.0M | Add +0.7% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.26% | 65,281 | $4.9M | New |
| VCSH Vanguard S/T Corp. Bond ETF | 0.25% | 61,322 | $4.8M | Add +625.7% |
| UNH Unitedhealth Group Inc. | 0.25% | 9,114 | $4.8M | Add +3.6% |
| PH Parker Hannifin Corp. | 0.25% | 7,779 | $4.7M | Reduce -0.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.24% | 27,170 | $4.7M | Add +98.3% |
| MA Mastercard Inc. Class A | 0.24% | 8,454 | $4.6M | Reduce -8.6% |
| AGG iShares Core U.S. Aggregate | 0.24% | 46,247 | $4.6M | Add +354.5% |
| PSLV Sprott Physical Silver Trust | 0.24% | 393,188 | $4.6M | Add +853.1% |
| MBB iShares MBS ETF | 0.23% | 48,130 | $4.5M | Reduce -1.0% |
| FTLS First Trust Long/Short Eqty | 0.23% | 68,102 | $4.4M | Reduce -17.1% |
| ORCL Oracle Corp. | 0.23% | 31,173 | $4.4M | Reduce -13.2% |
| MCD McDonald's Corp. | 0.23% | 13,925 | $4.4M | Reduce -1.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.23% | 83,576 | $4.3M | Add +66.5% |
| QCOM Qualcomm Inc. | 0.22% | 27,969 | $4.3M | Add +24.1% |
| XLE SS Energy Select Sector | 0.22% | 45,106 | $4.2M | Reduce -15.5% |
| VZ Verizon Communications Inc. | 0.21% | 90,571 | $4.1M | Reduce -22.2% |
| PG The Procter & Gamble Co. | 0.21% | 24,070 | $4.1M | Reduce -4.1% |
| NEE Nextera Energy Inc. | 0.21% | 56,745 | $4.0M | Reduce -4.1% |
| EFA iShares MSCI Eafe ETF | 0.21% | 48,253 | $3.9M | Reduce -41.3% |
| WMT Walmart Inc. | 0.20% | 44,513 | $3.9M | Add +2.4% |
| DTD Wisdomtree US Total Dividend | 0.20% | 50,367 | $3.9M | Add +816.1% |
| LLY Eli Lilly & Co. | 0.20% | 4,685 | $3.9M | Reduce -6.7% |
| CVX Chevron Corp. | 0.20% | 23,083 | $3.9M | Add +5.5% |
| XLV SS Health Care Select Sector | 0.20% | 26,319 | $3.8M | Add +15.1% |
| XMMO Invesco S&P Midcap Momentum | 0.20% | 33,638 | $3.8M | Add +315.8% |
| ABT Abbott Laboratories | 0.20% | 28,565 | $3.8M | Add +2.7% |
| QQQM Invesco Nasdaq 100 ETF | 0.20% | 19,506 | $3.8M | Reduce -24.9% |
| PAPR Innovator U.S. Equity Power | 0.19% | 105,037 | $3.7M | Reduce -41.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $247K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 205 | $247K | New |
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -13.4% | 3.64% | −1.38 |
| TLT iShares 20+ Year Treasury BD | Reduce -89.5% | 0.08% | −0.87 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -57.7% | 0.41% | −0.72 |
| NVDA Nvidia Corp. | Reduce -0.6% | 2.04% | −0.65 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.0% | 2.39% | −0.57 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -68.7% | 0.18% | −0.53 |
| MSFT Microsoft Corp. | Reduce -1.9% | 1.53% | −0.47 |
| BMI Badger Meter Inc. | Reduce -0.1% | 1.77% | −0.46 |
| NDOW Anydrus Advantage ETF | Reduce -4.3% | 1.87% | −0.44 |
| IGM iShares Expanded Tech Sector | Reduce -58.3% | 0.19% | −0.36 |
| XLC SS Comm Select Sector SPDR | Reduce -74.7% | 0.11% | −0.35 |
| IWM iShares Russell 2000 ETF | Reduce -55.8% | 0.17% | −0.32 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -93.0% | 0.02% | −0.32 |
| TIP iShares Tips Bond ETF | Reduce -83.8% | 0.05% | −0.29 |
| IVW iShares S&P 500 Growth ETF | Reduce -40.1% | 0.29% | −0.28 |
| PSFF Pacer Swan Sos Fund of Funds | Sold out | 0.00% | −0.27 |
| BMY Bristol-Myers Squibb Co. | Reduce -48.8% | 0.31% | −0.26 |
| KBE SS SPDR S&P Bank ETF | Reduce -92.5% | 0.02% | −0.25 |
| COLLABORATIVE INVESTMNT SER | Reduce -23.5% | 0.44% | −0.24 |
| PFE Pfizer Inc. | Reduce -43.8% | 0.17% | −0.23 |
| VWO Vanguard Ftse Emerging Marke | Reduce -79.1% | 0.05% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -6.8% | 1.27% | −0.21 |
| RDFI Rareview Dynamic Fixed Incom | Reduce -9.5% | 0.64% | −0.21 |
| SNAV Mohr Sector Nav ETF | Reduce -28.3% | 0.32% | −0.21 |
| EFA iShares MSCI Eafe ETF | Reduce -41.3% | 0.21% | −0.21 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -89.0% | 0.02% | −0.20 |
| XHB SS SPDR S&P Homebldrs ETF | Sold out | 0.00% | −0.19 |
| TSLA Tesla Inc. | Reduce -28.7% | 0.45% | −0.19 |
| PAPR Innovator U.S. Equity Power | Reduce -41.3% | 0.19% | −0.19 |
| IJK iShares S&P Mid-Cap 400 Grow | Sold out | 0.00% | −0.19 |
| IWC iShares Micro-Cap ETF | Sold out | 0.00% | −0.18 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -73.6% | 0.05% | −0.17 |
| PEP Pepsico Inc. | Reduce -43.4% | 0.12% | −0.17 |
| FLJP Franklin Ftse Japan ETF | Sold out | 0.00% | −0.15 |
| VCLT Vanguard Long-Term Corp. Bond | Sold out | 0.00% | −0.15 |
| STZ Constellation Brands Inc. Class A | Reduce -84.9% | 0.02% | −0.15 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -64.8% | 0.06% | −0.14 |
| PSQ Proshares Short QQQ | Reduce -77.6% | 0.03% | −0.13 |
| CCI Crown Castle Inc. | Reduce -90.3% | 0.01% | −0.13 |
| ELV Elevance Health Inc. | Reduce -83.3% | 0.02% | −0.13 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -24.9% | 0.20% | −0.12 |
| NOC Northrop Grumman Corp. | Reduce -52.5% | 0.08% | −0.12 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -11.3% | 0.37% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -5.6% | 0.95% | −0.12 |
| XAI OCTAGN FLT RAT & ALT INM | Reduce -27.0% | 0.14% | −0.12 |
| LMT Lockheed Martin Corp. | Reduce -20.3% | 0.14% | −0.12 |
| SNPS Synopsys Inc. | Reduce -79.3% | 0.02% | −0.12 |
| IBTE iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.12 |
| BX Blackstone Inc. | Reduce -66.3% | 0.05% | −0.12 |
| XMHQ Invesco S&P Midcap Qual ETF | Sold out | 0.00% | −0.11 |
Portfolio Buys Q4 2024 → Q1 2025
| SGOV iShares 0-3 Month Treasury B | Add +12921.0% | 4.10% | +4.06 |
| FNDX Schwab Fndmntl US LRG Co. ETF | New | 1.56% | +1.56 |
| SCHX Schwab US Large-Cap ETF | Add +10083.7% | 1.59% | +1.54 |
| SCHG Schwab US Large-Cap Growth | Add +16634.1% | 1.49% | +1.45 |
| CLIP Global X 1-3 Month T-Bill | New | 0.99% | +0.99 |
| SCHF Schwab Intl Equity ETF | Add +6925.0% | 0.84% | +0.81 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +90.9% | 1.85% | +0.73 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +658.6% | 0.57% | +0.49 |
| IJR iShares Core S&P Small-Cap E | Add +702.2% | 0.56% | +0.47 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +957.7% | 0.51% | +0.45 |
| ROE Ast US Eq WGT QLTY Kings ETF | New | 0.42% | +0.42 |
| IVV iShares Core S&P 500 ETF | Add +98.8% | 0.89% | +0.37 |
| EFG iShares MSCI Eafe Growth ETF | Add +2953.5% | 0.38% | +0.36 |
| CTA Simplify Managed Futures St | New | 0.29% | +0.29 |
| PDEC Innovator U.S. Equity Power | Add +1209.0% | 0.29% | +0.27 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.26% | +0.26 |
| GLD SPDR Gold Shares | Add +53.0% | 0.60% | +0.24 |
| USFR Wisdomtree Floating Rate Tre | Add +377.3% | 0.30% | +0.23 |
| PSLV Sprott Physical Silver Trust | Add +853.1% | 0.24% | +0.21 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +625.7% | 0.25% | +0.21 |
| SLQD iShares 0-5 YR Inv GRD Corp. | New | 0.19% | +0.19 |
| AGG iShares Core U.S. Aggregate | Add +354.5% | 0.24% | +0.18 |
| DTD Wisdomtree US Total Dividend | Add +816.1% | 0.20% | +0.18 |
| IEFA iShares Core MSCI Eafe ETF | Add +885.7% | 0.19% | +0.17 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +87.9% | 0.43% | +0.16 |
| VGSH Vanguard Short-Term Treasury | Add +113.7% | 0.34% | +0.16 |
| XMMO Invesco S&P Midcap Momentum | Add +315.8% | 0.20% | +0.14 |
| AMLP Alerian MLP ETF | Add +292.5% | 0.19% | +0.14 |
| CEF Sprott Physical Gold and Sil | Add +742.3% | 0.15% | +0.13 |
| CARY Angel Oak Income ETF | New | 0.13% | +0.13 |
| MUB iShares National Muni Bond E | Add +476.1% | 0.15% | +0.12 |
| PHYS Sprott Physical Gold Trust | New | 0.12% | +0.12 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +286.8% | 0.16% | +0.11 |
| GDX Vaneck Gold Miners ETF | Add +124.5% | 0.19% | +0.11 |
| V Visa Inc. Class A | Add +32.1% | 0.36% | +0.11 |
| UBER Uber Technologies Inc. | Add +415.9% | 0.14% | +0.11 |
| JEPI JPMorgan Equity Premium Inco | Add +54.1% | 0.48% | +0.11 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +325.7% | 0.15% | +0.11 |
| FEZ State Street SPDR Euro Stoxx | New | 0.11% | +0.11 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +98.3% | 0.24% | +0.10 |
| MLPX Global X MLP & Energy Infras | New | 0.10% | +0.10 |
| VDC Vanguard Consumer Staple ETF | New | 0.10% | +0.10 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 0.10% | +0.10 |
| RTRE Rareview Total Return BD ETF | Add +32.4% | 0.99% | +0.10 |
| MLPA Global X MLP ETF | New | 0.10% | +0.10 |
| PSQ HOLDINGS INC | New | 0.10% | +0.10 |
| ARKB ARK 21SHARES Bitcoin ETF | New | 0.09% | +0.09 |
| VONG Vanguard Russell 1000 Growth | Add +166.4% | 0.16% | +0.09 |
| NFLX Netflix Inc. | Add +7.4% | 0.48% | +0.09 |
| IWY iShares Russell Top 200 Grow | New | 0.09% | +0.09 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 205 | $247K |
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 | 1,120 | $3.1B | QQQ, SPY, NVDA, AAPL, NDOW |
| Q1 2026 | 1,065 | $2.7B | SPY, QQQ, AAPL, NVDA, PLGI |
| Q4 2025 | 1,018 | $2.8B | NOW, SPY, QQQ, NVDA, AAPL |
| Q3 2025 | 980 | $2.6B | NOW, NVDA, QQQ, SPY, AAPL |
| Q2 2025 | 934 | $2.4B | NOW, NVDA, QQQ, SPY, AAPL |
| Q1 2025 | 913 | $1.9B | SGOV, AAPL, SPY, QQQ, NVDA |
| Q4 2024 | 849 | $1.7B | AAPL, SPY, QQQ, NVDA, NDOW |
| Q3 2024 | 921 | $1.7B | AAPL, SPY, QQQ, NVDA, NDOW |
| Q2 2024 | 847 | $1.4B | AAPL, SPY, QQQ, NVDA, MSFT |
| Q1 2024 | 783 | $1.3B | AAPL, SPY, QQQ, NVDA, MSFT |