Belpointe Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Belpointe Asset Management LLC reported 980 stock positions worth $2.6 billion. Its top holding was ServiceNow (NOW) at 6.0% of the portfolio, followed by Nvidia (NVDA, 2.7%) and Invesco QQQ Trust Series 1 (QQQ, 2.7%). Compared with Q2 2025, it opened 133 new positions, sold out of 87, added to 417 and reduced 383. The biggest buy was iShares Ibonds Dec 2025 Term (IBTF, shares +459%) and the biggest sale ServiceNow (NOW, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001721242
- Portfolio Value
- $2.6B (Q3 2025)
- SEC Filing
- 0001721242-25-000007 ↗ filed Nov 3, 2025
Holdings Value
Holdings 980 stocks · $2.6B
| NOW ServiceNow Inc. | 5.97% | 169,827 | $156.3M | Reduce -0.1% |
| NVDA Nvidia Corp. | 2.74% | 383,697 | $71.6M | Add +2.3% |
| QQQ Invesco QQQ Trust Series 1 | 2.70% | 117,833 | $70.7M | Add +11.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.51% | 98,629 | $65.7M | Add +14.1% |
| AAPL Apple Inc. | 2.41% | 247,338 | $63.0M | Reduce -1.4% |
| SCHG Schwab US Large-Cap Growth | 2.22% | 1,821,134 | $58.1M | Add +5.6% |
| NDOW Anydrus Advantage ETF filed as COLLABORATIVE INVESTMNT SER | 1.93% | 1,860,235 | $50.4M | Add +8.1% |
| MSFT Microsoft Corp. | 1.66% | 84,011 | $43.5M | Reduce -3.2% |
| SGOV iShares 0-3 Month Treasury B | 1.50% | 390,824 | $39.4M | Reduce -1.1% |
| SCHX Schwab US Large-Cap ETF | 1.44% | 1,435,840 | $37.8M | Add +4.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.31% | 1,304,132 | $34.3M | Add +5.0% |
| VOO Vanguard S&P 500 ETF | 1.24% | 53,024 | $32.5M | Reduce -2.8% |
| BMI Badger Meter Inc. | 1.22% | 179,165 | $32.0M | Add +0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.18% | 64,534 | $31.0M | Add +7.9% |
| AMZN Amazon.com Inc. | 1.18% | 140,479 | $30.8M | Add +4.9% |
| RSEE Rareview Systematic Equity filed as COLLABORATIVE INVESTMNT SER | 1.15% | 910,214 | $30.1M | Reduce -1.1% |
| IBTF iShares Ibonds Dec 2025 Term | 1.09% | 1,223,317 | $28.6M | Add +459.4% |
| DGRW Wisdomtree U.S. Quality Divi | 1.08% | 317,668 | $28.3M | Add +12.6% |
| META Meta Platforms Inc. Class A | 1.02% | 36,196 | $26.6M | Add +4.8% |
| IVV iShares Core S&P 500 ETF | 0.97% | 38,067 | $25.5M | Reduce -13.9% |
| SPHY SS SPDR P High Yield ETF | 0.93% | 1,012,704 | $24.2M | Add +20.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.77% | 68,924 | $20.2M | Add +13.1% |
| TSLA Tesla Inc. | 0.76% | 44,702 | $19.9M | Reduce -6.3% |
| OZ Belpointe Prep LLC Class A | 0.75% | 306,367 | $19.6M | Reduce -0.3% |
| SCHF Schwab Intl Equity ETF | 0.74% | 836,804 | $19.5M | Add +4.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.73% | 209,052 | $19.2M | Reduce -53.4% |
| GOOGL Alphabet Inc. Class A | 0.67% | 72,608 | $17.7M | Add +5.4% |
| RTRE Rareview Total Return BD ETF filed as COLLABORATIVE INVESTMNT SER | 0.66% | 679,932 | $17.3M | Reduce -10.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.62% | 377,750 | $16.4M | Add +13.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.62% | 49,806 | $16.3M | Add +21.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 31,955 | $16.1M | Add +4.4% |
| VCIT Vanguard Int-Term Corporate | 0.59% | 183,512 | $15.4M | Add +30.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.57% | 191,497 | $15.0M | Add +20.4% |
| JPM JPMorgan Chase & Co. | 0.56% | 46,462 | $14.7M | Reduce -4.0% |
| GLD SPDR Gold Shares | 0.56% | 40,975 | $14.6M | Reduce -1.3% |
| VCLT Vanguard Long-Term Corp. Bond | 0.55% | 185,127 | $14.4M | Add +26.8% |
| PLTR Palantir Technologies Inc. Class A | 0.53% | 75,406 | $13.8M | Add +2.5% |
| GE General Electric filed as GE AEROSPACE | 0.51% | 44,470 | $13.4M | Reduce -3.2% |
| NFLX Netflix Inc. | 0.51% | 11,074 | $13.3M | Add +0.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.50% | 44,844 | $13.2M | Add +3.6% |
| IJR iShares Core S&P Small-Cap E | 0.50% | 109,988 | $13.1M | Add +4.0% |
| GHTA Goose Hollow Tactical Alloc filed as COLLABORATIVE INVESTMNT SER | 0.48% | 406,311 | $12.6M | Add +1.6% |
| IJT iShares S&P Small-Cap 600 GR | 0.47% | 86,898 | $12.3M | Add +22.0% |
| CLIP Global X 1-3 Month T-Bill | 0.46% | 120,362 | $12.1M | Add +17.1% |
| GOOG Alphabet Inc. Class C | 0.44% | 47,141 | $11.5M | Reduce -1.7% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.43% | 167,431 | $11.3M | Add +3.6% |
| RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER | 0.43% | 463,941 | $11.3M | Reduce -10.1% |
| SNTH MRP Synthequity ETF | 0.41% | 353,976 | $10.7M | Add +2760.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.41% | 250,661 | $10.7M | Add +1.4% |
| XLK SS Technology Select Sector | 0.39% | 35,764 | $10.1M | Reduce -70.2% |
| VONG Vanguard Russell 1000 Growth | 0.38% | 82,065 | $9.9M | Add +65.1% |
| ROE Ast US Eq WGT QLTY Kings ETF | 0.35% | 266,513 | $9.2M | Reduce -1.2% |
| JEPI JPMorgan Equity Premium Inco | 0.35% | 159,129 | $9.1M | Reduce -3.5% |
| PTL Inspire 500 ETF | 0.34% | 36,079 | $9.0M | Add +1.6% |
| AVGO Broadcom Inc. | 0.34% | 26,742 | $8.8M | Reduce -18.2% |
| SPGM State Street SPDR Portfolio | 0.33% | 115,064 | $8.6M | Add +2.6% |
| IJH iShares Core S&P Midcap ETF | 0.33% | 130,925 | $8.5M | Reduce -5.9% |
| EFG iShares MSCI Eafe Growth ETF | 0.33% | 74,766 | $8.5M | Add +4.6% |
| VT Vanguard Tot World STK ETF | 0.32% | 61,631 | $8.5M | Add +2.2% |
| MPLY Monopoly ETF filed as STRATEGY SHS | 0.32% | 285,329 | $8.4M | Add +3.6% |
| ABBV Abbvie Inc. | 0.32% | 35,648 | $8.3M | Add +7.9% |
| VGT Vanguard Info Tech ETF | 0.31% | 10,970 | $8.2M | Reduce -3.2% |
| COST Costco Wholesale Corp. | 0.30% | 8,461 | $7.8M | Add +3.6% |
| IVW iShares S&P 500 Growth ETF | 0.29% | 62,457 | $7.5M | Add +4.6% |
| V Visa Inc. Class A | 0.28% | 21,852 | $7.5M | Add +8.1% |
| COLLABORATIVE INVESTMNT SER | 0.28% | 278,345 | $7.4M | Reduce -4.1% |
| SCHD Schwab US DVD Equity ETF | 0.28% | 269,185 | $7.3M | Reduce -7.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.27% | 81,444 | $7.1M | Add +17.0% |
| SNAV Mohr Sector Nav ETF filed as COLLABORATIVE INVESTMNT SER | 0.27% | 202,343 | $7.0M | Add +4.1% |
| ORCL Oracle Corp. | 0.26% | 23,993 | $6.7M | Reduce -18.2% |
| PSLV Sprott Physical Silver Trust | 0.24% | 403,577 | $6.3M | Reduce -0.5% |
| VGSH Vanguard Short-Term Treasury | 0.24% | 106,704 | $6.3M | Reduce -14.6% |
| XOM Exxon Mobil Corp. | 0.24% | 54,708 | $6.2M | Reduce -7.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.24% | 77,150 | $6.2M | Add +11.2% |
| AGG iShares Core U.S. Aggregate | 0.23% | 59,210 | $5.9M | Add +9.2% |
| WMT Walmart Inc. | 0.23% | 57,220 | $5.9M | Add +5.9% |
| PDEC Innovator U.S. Equity Power | 0.22% | 139,805 | $5.9M | Reduce -6.1% |
| PH Parker Hannifin Corp. | 0.22% | 7,711 | $5.8M | Add +0.0% |
| BALT Inn Defined Wealth Shield | 0.22% | 172,407 | $5.7M | New |
| AEE Ameren Corporation | 0.21% | 53,827 | $5.6M | Add +0.7% |
| SPMO Invesco S&P 500 Momentum ETF | 0.21% | 45,624 | $5.5M | Add +253.5% |
| MBB iShares MBS ETF | 0.21% | 57,472 | $5.5M | Reduce -1.5% |
| HD Home Depot Inc. | 0.21% | 13,471 | $5.5M | Reduce -0.6% |
| KWY Kingsway Corp. | 0.21% | 372,361 | $5.4M | Reduce -3.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.21% | 98,332 | $5.4M | Add +3.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.21% | 21,891 | $5.4M | Add +1.8% |
| MCD McDonald's Corp. | 0.21% | 17,685 | $5.4M | Reduce -2.7% |
| USFR Wisdomtree Floating Rate Tre | 0.20% | 106,475 | $5.4M | Reduce -3.9% |
| CTA Simplify Managed Futures St | 0.20% | 190,494 | $5.3M | Reduce -4.7% |
| GLTR Abrdn Precious Metals Basket | 0.20% | 31,602 | $5.2M | Add +683.6% |
| GS Goldman Sachs Group Inc. | 0.20% | 6,483 | $5.2M | Reduce -2.7% |
| WM Waste Management Inc. | 0.19% | 22,696 | $5.0M | Reduce -0.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.19% | 24,001 | $5.0M | Add +8.5% |
| IWY iShares Russell Top 200 Grow | 0.19% | 18,301 | $5.0M | Add +28.7% |
| PPA Invesco Aerospace & Defense | 0.19% | 31,841 | $4.9M | Reduce -6.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.19% | 10,032 | $4.9M | Add +3.2% |
| CVX Chevron Corp. | 0.19% | 31,653 | $4.9M | Add +28.9% |
| EFA iShares MSCI Eafe ETF | 0.18% | 50,338 | $4.7M | Reduce -9.6% |
| IWM iShares Russell 2000 ETF | 0.18% | 19,281 | $4.7M | Add +19.5% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 103,248 | $4.7M | Add +42.6% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $286K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 230 | $285K | Add +0.4% |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 12,432 | $970 | Reduce -3.5% |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q2 2025 → Q3 2025
| NOW ServiceNow Inc. | Reduce -0.1% | 5.97% | −1.31 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -53.4% | 0.73% | −0.98 |
| XLK SS Technology Select Sector | Reduce -70.2% | 0.39% | −0.88 |
| PULS Pgim Ultra Short Bond ETF | Reduce -57.0% | 0.15% | −0.24 |
| HEQT Simplify Hedged Equity ETF | Sold out | 0.00% | −0.18 |
| IVV iShares Core S&P 500 ETF | Reduce -13.9% | 0.97% | −0.17 |
| SGOV iShares 0-3 Month Treasury B | Reduce -1.1% | 1.50% | −0.15 |
| CLSE Convergence Long/Short Eqy | Sold out | 0.00% | −0.15 |
| MSFT Microsoft Corp. | Reduce -3.2% | 1.66% | −0.14 |
| RTRE Rareview Total Return BD ETF | Reduce -10.7% | 0.66% | −0.14 |
| CEF Sprott Physical Gold and Sil | Reduce -69.8% | 0.06% | −0.12 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -44.9% | 0.12% | −0.10 |
| WWJD Inspire International ETF | Reduce -50.1% | 0.09% | −0.10 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -67.3% | 0.04% | −0.10 |
| RDFI Rareview Dynamic Fixed Incom | Reduce -10.1% | 0.43% | −0.08 |
| SLV iShares Silver Trust | Reduce -60.2% | 0.06% | −0.07 |
| OZ Belpointe Prep LLC Class A | Reduce -0.3% | 0.75% | −0.07 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -37.7% | 0.11% | −0.07 |
| VGSH Vanguard Short-Term Treasury | Reduce -14.6% | 0.24% | −0.07 |
| RPG Invesco S&P 500 Pure Growth | Reduce -78.9% | 0.02% | −0.06 |
| EPOL iShares MSCI Poland ETF | Sold out | 0.00% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -20.5% | 0.14% | −0.05 |
| PM Philip Morris International | Reduce -16.7% | 0.11% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -2.8% | 1.24% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -21.2% | 0.12% | −0.05 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.05 |
| GBIL Goldman Sachs Access Treasur | Reduce -80.0% | 0.01% | −0.05 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -14.1% | 0.15% | −0.05 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.05 |
| PXF Invesco Rafi Developed Marke | Sold out | 0.00% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -17.0% | 0.14% | −0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -19.4% | 0.16% | −0.05 |
| LMBS First Trust Low Duration Opp | Reduce -37.2% | 0.06% | −0.05 |
| STOT SS DL St Dur TR Tact ETF | Reduce -81.0% | 0.01% | −0.05 |
| SCHO Schwab Short-Term US Treas | Reduce -63.0% | 0.02% | −0.04 |
| IYW iShares Ustechnology ETF | Reduce -78.1% | 0.01% | −0.04 |
| JEPI JPMorgan Equity Premium Inco | Reduce -3.5% | 0.35% | −0.04 |
| XAI OCTAGN FLT RAT & ALT INM | Reduce -26.8% | 0.07% | −0.04 |
| RTX RTX Corp. | Reduce -28.8% | 0.13% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -63.1% | 0.01% | −0.04 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.04 |
| BLV Vanguard Long-Term Bond ETF | Reduce -40.8% | 0.05% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -7.3% | 0.28% | −0.04 |
| IEUR iShares Core MSCI Europe ETF | Reduce -57.8% | 0.03% | −0.04 |
| RISR Foliobe Altr In&in H ETF-Usd | Sold out | 0.00% | −0.04 |
| AVGO Broadcom Inc. | Reduce -18.2% | 0.34% | −0.04 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.04 |
| C Citigroup Inc. | Reduce -34.6% | 0.09% | −0.04 |
| FTLS First Trust Long/Short Eqty | Reduce -19.4% | 0.13% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| IBTF iShares Ibonds Dec 2025 Term | Add +459.4% | 1.09% | +0.88 |
| SNTH MRP Synthequity ETF | Add +2760.2% | 0.41% | +0.40 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +14.1% | 2.51% | +0.29 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.9% | 2.70% | +0.28 |
| NVDA Nvidia Corp. | Add +2.3% | 2.74% | +0.27 |
| BALT Inn Defined Wealth Shield | New | 0.22% | +0.22 |
| GLTR Abrdn Precious Metals Basket | Add +683.6% | 0.20% | +0.18 |
| GOOGL Alphabet Inc. Class A | Add +5.4% | 0.67% | +0.17 |
| VONG Vanguard Russell 1000 Growth | Add +65.1% | 0.38% | +0.15 |
| SPMO Invesco S&P 500 Momentum ETF | Add +253.5% | 0.21% | +0.15 |
| SCHG Schwab US Large-Cap Growth | Add +5.6% | 2.22% | +0.12 |
| ICOW Pacer Developed Markets Inte | New | 0.12% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | Add +2.5% | 0.53% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +21.5% | 0.62% | +0.11 |
| VCIT Vanguard Int-Term Corporate | Add +30.5% | 0.59% | +0.10 |
| DGRW Wisdomtree U.S. Quality Divi | Add +12.6% | 1.08% | +0.10 |
| FLRT Pacer Aristotle Pacific Floa | Add +504.9% | 0.12% | +0.10 |
| MS Morgan Stanley | Add +432.9% | 0.12% | +0.09 |
| SPYI Neos S&P 500 High Income ETF | Add +367.8% | 0.12% | +0.09 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +20.4% | 0.57% | +0.09 |
| FDLS Inspire Fidelis Multi Factor | New | 0.09% | +0.09 |
| SPHY SS SPDR P High Yield ETF | Add +20.2% | 0.93% | +0.09 |
| IBD Inspire Corporate Bond ETF | New | 0.09% | +0.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +7.9% | 1.18% | +0.09 |
| VCLT Vanguard Long-Term Corp. Bond | Add +26.8% | 0.55% | +0.09 |
| ILF iShares Latin America 40 ETF | New | 0.09% | +0.09 |
| JPST JPMorgan Ultra-Short Income | Add +361.0% | 0.11% | +0.09 |
| IWB iShares Russell 1000 ETF | Add +109.2% | 0.15% | +0.08 |
| IJT iShares S&P Small-Cap 600 GR | Add +22.0% | 0.47% | +0.08 |
| SCHB Schwab US Broad Market ETF | Add +102.3% | 0.14% | +0.07 |
| NDOW Anydrus Advantage ETF | Add +8.1% | 1.93% | +0.06 |
| BITB Bitwise Bitcoin ETF | Add +204.5% | 0.10% | +0.06 |
| INV Innventure Inc. | Add +276.1% | 0.08% | +0.06 |
| AVUV Avantis US Small Cap Value | New | 0.06% | +0.06 |
| ZALT Innovator US Eq 10 Buffer | Add +587.3% | 0.07% | +0.06 |
| TOPT iShares Top 20 US Stocks ETF | New | 0.06% | +0.06 |
| ABBV Abbvie Inc. | Add +7.9% | 0.32% | +0.06 |
| ECOW Pacer Emerging Markets Cash | Add +599.9% | 0.07% | +0.06 |
| ARKK ARK Innovation ETF | Add +343.0% | 0.07% | +0.06 |
| ANET Arista Networks Inc. | Add +123.6% | 0.09% | +0.06 |
| XAR SS SPDR S&P Aerospace Def | New | 0.06% | +0.06 |
| CLS Celestica Inc. | Add +240.6% | 0.07% | +0.06 |
| SMH Vaneck Semiconductor ETF | Add +38.2% | 0.17% | +0.06 |
| FXE Invesco Currencyshares Euro | New | 0.05% | +0.05 |
| APP AppLovin Corp. Class A | Add +15.3% | 0.10% | +0.05 |
| SHOP Shopify Inc. Class A | Add +449.6% | 0.06% | +0.05 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +13.1% | 0.77% | +0.05 |
| MU Micron Technology Inc. | Add +25.6% | 0.14% | +0.05 |
| BABA Alibaba Group Holding-SP ADR | Add +8.3% | 0.14% | +0.05 |
| IONQ Ionq Inc. | New | 0.05% | +0.05 |
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.4% | 230 | $285K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Reduce -3.5% | 12,432 | $970 |
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 |