Belpointe Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), Belpointe Asset Management LLC reported 934 stock positions worth $2.4 billion. Its top holding was ServiceNow (NOW) at 7.3% of the portfolio, followed by Nvidia (NVDA, 2.5%) and Invesco QQQ Trust Series 1 (QQQ, 2.4%). Compared with Q1 2025, it opened 123 new positions, sold out of 102, added to 385 and reduced 377. The biggest buy was ServiceNow (NOW, shares +5753%) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001721242
- Portfolio Value
- $2.4B (Q2 2025)
- SEC Filing
- 0001721242-25-000005 ↗ filed Jul 22, 2025
Holdings Value
Holdings 934 stocks · $2.4B
| NOW ServiceNow Inc. | 7.28% | 170,042 | $174.8M | Add +5753.4% |
| NVDA Nvidia Corp. | 2.47% | 374,956 | $59.2M | Add +0.9% |
| QQQ Invesco QQQ Trust Series 1 | 2.42% | 105,267 | $58.1M | Add +7.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.22% | 86,408 | $53.4M | Reduce -13.8% |
| AAPL Apple Inc. | 2.14% | 250,798 | $51.5M | Reduce -20.4% |
| SCHG Schwab US Large-Cap Growth | 2.10% | 1,725,277 | $50.4M | Add +51.0% |
| NDOW Anydrus Advantage ETF filed as COLLABORATIVE INVESTMNT SER | 1.86% | 1,720,729 | $44.7M | Add +18.1% |
| BMI Badger Meter Inc. | 1.83% | 179,017 | $43.9M | Add +0.0% |
| MSFT Microsoft Corp. | 1.80% | 86,799 | $43.2M | Add +11.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.72% | 448,867 | $41.2M | Add +15.8% |
| SGOV iShares 0-3 Month Treasury B | 1.66% | 395,173 | $39.8M | Reduce -49.5% |
| SCHX Schwab US Large-Cap ETF | 1.40% | 1,379,250 | $33.7M | Reduce -0.4% |
| VOO Vanguard S&P 500 ETF | 1.29% | 54,559 | $31.0M | Add +11.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.27% | 1,241,457 | $30.5M | Reduce -2.2% |
| XLK SS Technology Select Sector | 1.27% | 119,958 | $30.4M | Add +294.3% |
| AMZN Amazon.com Inc. | 1.22% | 133,974 | $29.4M | Add +4.8% |
| RSEE Rareview Systematic Equity filed as COLLABORATIVE INVESTMNT SER | 1.16% | 920,357 | $27.9M | Reduce -9.1% |
| IVV iShares Core S&P 500 ETF | 1.14% | 44,213 | $27.5M | Add +45.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.09% | 59,831 | $26.2M | Add +1016.7% |
| META Meta Platforms Inc. Class A | 1.06% | 34,553 | $25.5M | Add +9.1% |
| DGRW Wisdomtree U.S. Quality Divi | 0.98% | 282,059 | $23.6M | New |
| SPHY SS SPDR P High Yield ETF | 0.84% | 842,702 | $20.1M | New |
| OZ Belpointe Prep LLC Class A | 0.82% | 307,231 | $19.7M | Add +0.2% |
| RTRE Rareview Total Return BD ETF filed as COLLABORATIVE INVESTMNT SER | 0.80% | 761,132 | $19.1M | Add +0.6% |
| SCHF Schwab Intl Equity ETF | 0.74% | 804,946 | $17.8M | Reduce -1.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.72% | 60,970 | $17.3M | Add +466.6% |
| TSLA Tesla Inc. | 0.63% | 47,696 | $15.2M | Add +42.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 30,620 | $14.9M | Reduce -34.7% |
| NFLX Netflix Inc. | 0.61% | 11,000 | $14.7M | Add +11.2% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.60% | 334,355 | $14.4M | New |
| JPM JPMorgan Chase & Co. | 0.58% | 48,391 | $14.0M | Add +19.7% |
| GLD SPDR Gold Shares | 0.53% | 41,508 | $12.7M | Add +3.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.52% | 40,995 | $12.5M | Add +60.6% |
| RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER | 0.51% | 516,296 | $12.3M | Reduce -0.6% |
| GHTA Goose Hollow Tactical Alloc filed as COLLABORATIVE INVESTMNT SER | 0.51% | 400,009 | $12.2M | Reduce -5.4% |
| GOOGL Alphabet Inc. Class A | 0.51% | 68,868 | $12.1M | Reduce -6.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.50% | 43,297 | $12.1M | Add +1.5% |
| GE General Electric filed as GE AEROSPACE | 0.49% | 45,953 | $11.8M | Reduce -2.5% |
| VCIT Vanguard Int-Term Corporate | 0.49% | 140,652 | $11.7M | Add +21.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.48% | 158,994 | $11.6M | Add +32.9% |
| IJR iShares Core S&P Small-Cap E | 0.48% | 105,727 | $11.6M | Add +3.4% |
| VCLT Vanguard Long-Term Corp. Bond | 0.46% | 146,005 | $11.1M | New |
| CLIP Global X 1-3 Month T-Bill | 0.43% | 102,780 | $10.3M | Reduce -45.6% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.43% | 161,566 | $10.2M | Reduce -8.5% |
| PLTR Palantir Technologies Inc. Class A | 0.42% | 73,580 | $10.0M | Add +12.7% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.42% | 247,260 | $10.0M | Add +8.4% |
| IJT iShares S&P Small-Cap 600 GR | 0.39% | 71,204 | $9.5M | New |
| PULS Pgim Ultra Short Bond ETF | 0.39% | 188,479 | $9.4M | Add +18.3% |
| JEPI JPMorgan Equity Premium Inco | 0.39% | 164,838 | $9.4M | Add +2.6% |
| AVGO Broadcom Inc. | 0.38% | 32,687 | $9.0M | Reduce -7.3% |
| ROE Ast US Eq WGT QLTY Kings ETF | 0.36% | 269,846 | $8.7M | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 0.36% | 139,139 | $8.6M | Add +24.3% |
| GOOG Alphabet Inc. Class C | 0.35% | 47,962 | $8.5M | Add +2.9% |
| PTL Inspire 500 ETF | 0.34% | 35,503 | $8.1M | Add +14.0% |
| COST Costco Wholesale Corp. | 0.34% | 8,166 | $8.1M | Add +9.0% |
| EFG iShares MSCI Eafe Growth ETF | 0.33% | 71,473 | $8.0M | Reduce -1.0% |
| VT Vanguard Tot World STK ETF | 0.32% | 60,304 | $7.8M | Add +9.6% |
| SPGM State Street SPDR Portfolio | 0.32% | 112,093 | $7.7M | Add +10.2% |
| SCHD Schwab US DVD Equity ETF | 0.32% | 290,490 | $7.7M | Add +18.8% |
| COLLABORATIVE INVESTMNT SER | 0.32% | 290,241 | $7.6M | Reduce -12.0% |
| VGT Vanguard Info Tech ETF | 0.31% | 11,336 | $7.5M | Reduce -30.8% |
| VGSH Vanguard Short-Term Treasury | 0.31% | 124,957 | $7.3M | Add +10.9% |
| MPLY Monopoly ETF filed as STRATEGY SHS | 0.30% | 275,456 | $7.3M | New |
| V Visa Inc. Class A | 0.30% | 20,212 | $7.2M | Add +3.4% |
| IVW iShares S&P 500 Growth ETF | 0.27% | 59,691 | $6.6M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.27% | 29,320 | $6.4M | Reduce -5.9% |
| XOM Exxon Mobil Corp. | 0.26% | 58,898 | $6.3M | Reduce -2.9% |
| SNAV Mohr Sector Nav ETF filed as COLLABORATIVE INVESTMNT SER | 0.26% | 194,291 | $6.3M | Reduce -5.4% |
| ABBV Abbvie Inc. | 0.26% | 33,030 | $6.1M | Reduce -4.6% |
| PDEC Innovator U.S. Equity Power | 0.25% | 148,919 | $6.0M | Reduce -0.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.24% | 69,591 | $5.8M | Add +43.6% |
| USFR Wisdomtree Floating Rate Tre | 0.23% | 110,839 | $5.6M | Reduce -4.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.23% | 69,399 | $5.5M | Add +13.2% |
| MBB iShares MBS ETF | 0.23% | 58,332 | $5.5M | Add +21.2% |
| VONG Vanguard Russell 1000 Growth | 0.23% | 49,698 | $5.4M | Add +47.6% |
| PH Parker Hannifin Corp. | 0.22% | 7,709 | $5.4M | Reduce -0.9% |
| AGG iShares Core U.S. Aggregate | 0.22% | 54,243 | $5.4M | Add +17.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 98,599 | $5.4M | Add +18.0% |
| CTA Simplify Managed Futures St | 0.22% | 199,895 | $5.3M | Add +4.4% |
| MCD McDonald's Corp. | 0.22% | 18,170 | $5.3M | Add +30.5% |
| WMT Walmart Inc. | 0.22% | 54,011 | $5.3M | Add +21.3% |
| KWY Kingsway Corp. | 0.22% | 385,058 | $5.2M | Reduce -5.8% |
| WM Waste Management Inc. | 0.22% | 22,770 | $5.2M | Add +5.3% |
| AEE Ameren Corporation | 0.21% | 53,471 | $5.1M | Add +0.7% |
| IBTF iShares Ibonds Dec 2025 Term | 0.21% | 218,700 | $5.1M | Add +330.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 28,331 | $5.0M | Add +4.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.21% | 95,318 | $5.0M | Add +73.0% |
| EFA iShares MSCI Eafe ETF | 0.21% | 55,708 | $5.0M | Add +15.4% |
| HD Home Depot Inc. | 0.21% | 13,554 | $5.0M | Reduce -12.4% |
| PSLV Sprott Physical Silver Trust | 0.21% | 405,653 | $5.0M | Add +3.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 9,723 | $5.0M | Add +24.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.20% | 21,506 | $4.9M | Add +10.3% |
| PG The Procter & Gamble Co. | 0.20% | 30,223 | $4.8M | Add +25.6% |
| PPA Invesco Aerospace & Defense | 0.20% | 33,917 | $4.8M | Reduce -24.2% |
| GS Goldman Sachs Group Inc. | 0.20% | 6,661 | $4.7M | Add +18.4% |
| MA Mastercard Inc. Class A | 0.20% | 8,377 | $4.7M | Reduce -0.9% |
| WWJD Inspire International ETF | 0.19% | 133,079 | $4.6M | Add +561.2% |
| CEF Sprott Physical Gold and Sil | 0.19% | 147,821 | $4.4M | Add +44.8% |
| LLY Eli Lilly & Co. | 0.18% | 5,671 | $4.4M | Add +21.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.18% | 22,127 | $4.3M | Add +76.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $269K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 229 | $269K | Add +11.7% |
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q1 2025 → Q2 2025
| SGOV iShares 0-3 Month Treasury B | Reduce -49.5% | 1.66% | −2.44 |
| AAPL Apple Inc. | Reduce -20.4% | 2.14% | −1.50 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -13.8% | 2.22% | −0.69 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -34.7% | 0.62% | −0.68 |
| CLIP Global X 1-3 Month T-Bill | Reduce -45.6% | 0.43% | −0.56 |
| RSEE Rareview Systematic Equity | Reduce -9.1% | 1.16% | −0.29 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -2.2% | 1.27% | −0.29 |
| XYLD Global X S&P 500 Cove Call E | Reduce -67.9% | 0.08% | −0.22 |
| VBIL Vanguard 0-3M T-Bill ETF | Reduce -82.9% | 0.04% | −0.22 |
| QYLD Global X Nasd 100 Cov Call | Reduce -60.7% | 0.10% | −0.21 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.4% | 1.40% | −0.19 |
| JNJ Johnson & Johnson | Reduce -52.8% | 0.10% | −0.18 |
| DTD Wisdomtree US Total Dividend | Reduce -82.8% | 0.03% | −0.17 |
| BMY Bristol-Myers Squibb Co. | Reduce -25.0% | 0.14% | −0.17 |
| GLTR Abrdn Precious Metals Basket | Reduce -85.2% | 0.02% | −0.16 |
| VGT Vanguard Info Tech ETF | Reduce -30.8% | 0.31% | −0.15 |
| BIBL Inspire 100 ETF | Sold out | 0.00% | −0.15 |
| XLF SS Financial Select Sector | Reduce -35.2% | 0.16% | −0.14 |
| GHTA Goose Hollow Tactical Alloc | Reduce -5.4% | 0.51% | −0.13 |
| XLE SS Energy Select Sector | Reduce -43.6% | 0.09% | −0.13 |
| COLLABORATIVE INVESTMNT SER | Reduce -12.0% | 0.32% | −0.13 |
| RDFI Rareview Dynamic Fixed Incom | Reduce -0.6% | 0.51% | −0.13 |
| ABBV Abbvie Inc. | Reduce -4.6% | 0.26% | −0.12 |
| XMMO Invesco S&P Midcap Momentum | Reduce -55.4% | 0.08% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -2.9% | 0.26% | −0.11 |
| TUA Sim St Treas Fut Strat ETF | Reduce -61.1% | 0.05% | −0.10 |
| RTX RTX Corp. | Reduce -29.7% | 0.17% | −0.10 |
| MLPX Global X MLP & Energy Infras | Sold out | 0.00% | −0.10 |
| TPLC Timothy PLN US LRG/Mid Cap | Sold out | 0.00% | −0.10 |
| SCHF Schwab Intl Equity ETF | Reduce -1.2% | 0.74% | −0.10 |
| MLPA Global X MLP ETF | Sold out | 0.00% | −0.10 |
| NEE Nextera Energy Inc. | Reduce -30.0% | 0.11% | −0.09 |
| ECOW Pacer Emerging Markets Cash | Reduce -88.9% | 0.01% | −0.09 |
| HD Home Depot Inc. | Reduce -12.4% | 0.21% | −0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -6.3% | 0.51% | −0.09 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −0.08 |
| XLC SS Comm Select Sector SPDR | Reduce -71.4% | 0.03% | −0.08 |
| EFAV iShares MSCI Eafe Min Vol Fa | Sold out | 0.00% | −0.08 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -8.5% | 0.43% | −0.08 |
| IJS iShares S&P Small-Cap 600 Va | Sold out | 0.00% | −0.08 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -79.0% | 0.02% | −0.08 |
| TFI SS SPDR N Ice Muni Bond ETF | Sold out | 0.00% | −0.08 |
| PZA Invesco National Amt-Free Mu | Reduce -78.9% | 0.01% | −0.08 |
| EPI Wisdomtree India Earnings | Reduce -87.6% | 0.01% | −0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -63.7% | 0.03% | −0.07 |
| BALT Inn Defined Wealth Shield | Sold out | 0.00% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -18.1% | 0.15% | −0.07 |
| PPA Invesco Aerospace & Defense | Reduce -24.2% | 0.20% | −0.07 |
| USFR Wisdomtree Floating Rate Tre | Reduce -4.4% | 0.23% | −0.07 |
| DVN Devon Energy Corp. | Reduce -57.6% | 0.03% | −0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| NOW ServiceNow Inc. | Add +5753.4% | 7.28% | +7.16 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1016.7% | 1.09% | +0.99 |
| DGRW Wisdomtree U.S. Quality Divi | New | 0.98% | +0.98 |
| XLK SS Technology Select Sector | Add +294.3% | 1.27% | +0.94 |
| SPHY SS SPDR P High Yield ETF | New | 0.84% | +0.84 |
| SCHG Schwab US Large-Cap Growth | Add +51.0% | 2.10% | +0.61 |
| SHYG iShares 0-5 YR HY Corp. Bond | New | 0.60% | +0.60 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +466.6% | 0.72% | +0.59 |
| VCLT Vanguard Long-Term Corp. Bond | New | 0.46% | +0.46 |
| NVDA Nvidia Corp. | Add +0.9% | 2.47% | +0.43 |
| IJT iShares S&P Small-Cap 600 GR | New | 0.39% | +0.39 |
| MPLY Monopoly ETF | New | 0.30% | +0.30 |
| MSFT Microsoft Corp. | Add +11.1% | 1.80% | +0.27 |
| IVV iShares Core S&P 500 ETF | Add +45.6% | 1.14% | +0.26 |
| TSLA Tesla Inc. | Add +42.9% | 0.63% | +0.18 |
| HEQT Simplify Hedged Equity ETF | New | 0.18% | +0.18 |
| WWJD Inspire International ETF | Add +561.2% | 0.19% | +0.16 |
| VTI VG Morningstar TS MKT ETF-US | Add +60.6% | 0.52% | +0.15 |
| IBTF iShares Ibonds Dec 2025 Term | Add +330.8% | 0.21% | +0.15 |
| CLSE Convergence Long/Short Eqy | New | 0.15% | +0.15 |
| NFLX Netflix Inc. | Add +11.2% | 0.61% | +0.13 |
| PLTR Palantir Technologies Inc. Class A | Add +12.7% | 0.42% | +0.13 |
| SHLD Global X Defense Tech ETF | Add +644.2% | 0.13% | +0.12 |
| META Meta Platforms Inc. Class A | Add +9.1% | 1.06% | +0.11 |
| SLV iShares Silver Trust | Add +441.5% | 0.14% | +0.11 |
| IBTG iShares Ibonds Dec 2026 Term | Add +430.3% | 0.14% | +0.11 |
| VEU Vanguard Ftse All-World Ex-U | Add +159.1% | 0.18% | +0.10 |
| NEM Newmont Corp. | New | 0.09% | +0.09 |
| USHY iShares Broad Usd High Yield | New | 0.09% | +0.09 |
| PALL Abrdn Physical Palladium SHS | New | 0.09% | +0.09 |
| VXUS Vanguard Total Intl Stock | New | 0.09% | +0.09 |
| MUNI PIMCO Intermediate Municipal | Add +283.5% | 0.13% | +0.08 |
| IBIT iShares Bitcoin Trust ETF | Add +99.6% | 0.15% | +0.08 |
| AMD Advanced Micro Devices | Add +184.1% | 0.11% | +0.08 |
| HOOD Robinhood Markets Inc. Class A | Add +260.9% | 0.09% | +0.07 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +32.9% | 0.48% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +19.7% | 0.58% | +0.07 |
| XCEM Columbia Em Core Ex-China | New | 0.06% | +0.06 |
| VONG Vanguard Russell 1000 Growth | Add +47.6% | 0.23% | +0.06 |
| EFV iShares MSCI Eafe Value ETF | Add +431.5% | 0.08% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +24.1% | 0.21% | +0.06 |
| SNOW Snowflake Inc. | New | 0.06% | +0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +73.0% | 0.21% | +0.06 |
| RPG Invesco S&P 500 Pure Growth | Add +318.3% | 0.08% | +0.06 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +76.0% | 0.18% | +0.06 |
| IWY iShares Russell Top 200 Grow | Add +73.1% | 0.15% | +0.06 |
| BMI Badger Meter Inc. | Add +0.0% | 1.83% | +0.06 |
| IEFA iShares Core MSCI Eafe ETF | Add +43.6% | 0.24% | +0.05 |
| IGF iShares Global Infrastructur | New | 0.05% | +0.05 |
| IBMO iShares Ibonds Dec 2026 Term | New | 0.05% | +0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +11.7% | 229 | $269K |
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 |