Belpointe Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Belpointe Asset Management LLC reported 1,018 stock positions worth $2.8 billion. Its top holding was ServiceNow (NOW) at 4.7% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.3%) and Invesco QQQ Trust Series 1 (QQQ, 3.0%). Compared with Q3 2025, it opened 144 new positions, sold out of 107, added to 440 and reduced 377. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +76%) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001721242
- Portfolio Value
- $2.8B (Q4 2025)
- SEC Filing
- 0001721242-26-000001 ↗ filed Jan 27, 2026
Holdings Value
Holdings 1,018 stocks · $2.8B
| NOW ServiceNow Inc. | 4.67% | 843,002 | $129.1M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.27% | 173,314 | $118.2M | Add +75.7% |
| QQQ Invesco QQQ Trust Series 1 | 3.03% | 136,675 | $84.0M | Add +16.0% |
| NVDA Nvidia Corp. | 2.54% | 376,954 | $70.3M | Reduce -1.8% |
| AAPL Apple Inc. | 2.47% | 251,704 | $68.4M | Add +1.8% |
| SCHG Schwab US Large-Cap Growth | 2.18% | 1,849,921 | $60.3M | Add +1.6% |
| NDOW Anydrus Advantage ETF filed as COLLABORATIVE INVESTMNT SER | 1.99% | 1,994,920 | $55.0M | Add +7.2% |
| PLGI PL Growth and Income ETF filed as COLLABORATIVE INVESTMNT SER | 1.53% | 1,689,359 | $42.4M | New |
| MSFT Microsoft Corp. | 1.49% | 85,370 | $41.3M | Add +1.6% |
| NELS Nelson Select ETF filed as COLLABORATIVE INVESTMNT SER | 1.48% | 1,586,043 | $40.9M | New |
| SCHX Schwab US Large-Cap ETF | 1.43% | 1,472,759 | $39.6M | Add +2.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.32% | 1,345,095 | $36.6M | Add +3.1% |
| VOO Vanguard S&P 500 ETF | 1.19% | 52,734 | $33.1M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.18% | 141,177 | $32.6M | Add +0.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.18% | 66,770 | $32.6M | Add +3.5% |
| BMI Badger Meter Inc. | 1.13% | 178,960 | $31.2M | Reduce -0.1% |
| RSEE Rareview Systematic Equity filed as COLLABORATIVE INVESTMNT SER | 1.11% | 893,089 | $30.6M | Reduce -1.9% |
| DGRW Wisdomtree U.S. Quality Divi | 1.06% | 328,838 | $29.4M | Add +3.5% |
| RTRE Rareview Total Return BD ETF filed as COLLABORATIVE INVESTMNT SER | 1.06% | 1,159,396 | $29.3M | Add +70.5% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.00% | 523,746 | $27.6M | Add +5321.8% |
| IVV iShares Core S&P 500 ETF | 0.98% | 39,767 | $27.2M | Add +4.5% |
| META Meta Platforms Inc. Class A | 0.89% | 37,345 | $24.7M | Add +3.2% |
| TSLA Tesla Inc. | 0.85% | 52,302 | $23.5M | Add +17.0% |
| SPHY SS SPDR P High Yield ETF | 0.80% | 932,829 | $22.1M | Reduce -7.9% |
| SCHF Schwab Intl Equity ETF | 0.75% | 865,264 | $20.8M | Add +3.4% |
| GOOGL Alphabet Inc. Class A | 0.75% | 66,065 | $20.7M | Reduce -9.0% |
| VCIT Vanguard Int-Term Corporate | 0.69% | 228,859 | $19.2M | Add +24.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.69% | 209,579 | $19.2M | Add +0.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.67% | 229,628 | $18.4M | Add +19.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 33,934 | $17.1M | Add +6.2% |
| GLD SPDR Gold Shares | 0.59% | 41,435 | $16.4M | Add +1.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.59% | 48,768 | $16.4M | Reduce -2.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.59% | 364,758 | $16.2M | Add +45.5% |
| GOOG Alphabet Inc. Class C | 0.55% | 48,393 | $15.2M | Add +2.7% |
| RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER | 0.54% | 626,955 | $15.0M | Add +35.1% |
| IJR iShares Core S&P Small-Cap E | 0.52% | 119,750 | $14.4M | Add +8.9% |
| OZ Belpointe Prep LLC Class A | 0.52% | 219,217 | $14.3M | Reduce -28.4% |
| GE General Electric filed as GE AEROSPACE | 0.50% | 45,103 | $13.9M | Add +1.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.50% | 47,509 | $13.8M | Add +5.9% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.49% | 316,801 | $13.6M | Reduce -16.1% |
| PLTR Palantir Technologies Inc. Class A | 0.49% | 76,332 | $13.6M | Add +1.2% |
| JPM JPMorgan Chase & Co. | 0.48% | 41,255 | $13.3M | Reduce -11.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.47% | 46,907 | $13.1M | Reduce -31.9% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.45% | 173,018 | $12.6M | Add +3.3% |
| GHTA Goose Hollow Tactical Alloc filed as COLLABORATIVE INVESTMNT SER | 0.44% | 405,740 | $12.1M | Reduce -0.1% |
| SNTH MRP Synthequity ETF | 0.39% | 391,114 | $10.8M | Add +10.5% |
| NFLX Netflix Inc. | 0.37% | 107,883 | $10.1M | Reduce -2.6% |
| LLY Eli Lilly & Co. | 0.35% | 9,077 | $9.8M | Add +92.8% |
| AVGO Broadcom Inc. | 0.34% | 27,443 | $9.5M | Add +2.6% |
| JEPI JPMorgan Equity Premium Inco | 0.34% | 164,909 | $9.4M | Add +3.6% |
| XLK SS Technology Select Sector | 0.34% | 64,916 | $9.3M | Reduce -9.2% |
| PTL Inspire 500 ETF | 0.33% | 37,186 | $9.2M | Add +3.1% |
| EFG iShares MSCI Eafe Growth ETF | 0.33% | 78,975 | $9.0M | Add +5.6% |
| VONG Vanguard Russell 1000 Growth | 0.32% | 73,853 | $9.0M | Reduce -10.0% |
| VT Vanguard Tot World STK ETF | 0.32% | 63,295 | $8.9M | Add +2.7% |
| MPLY Monopoly ETF filed as STRATEGY SHS | 0.32% | 290,681 | $8.8M | Add +1.9% |
| SPGM State Street SPDR Portfolio | 0.30% | 109,267 | $8.4M | Reduce -5.0% |
| GLTR Abrdn Precious Metals Basket | 0.30% | 39,975 | $8.2M | Add +26.5% |
| VGT Vanguard Info Tech ETF | 0.30% | 10,898 | $8.2M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.29% | 35,535 | $8.1M | Reduce -0.3% |
| SCHD Schwab US DVD Equity ETF | 0.29% | 290,552 | $8.0M | Add +7.9% |
| PSLV Sprott Physical Silver Trust | 0.27% | 321,774 | $7.6M | Reduce -20.3% |
| V Visa Inc. Class A | 0.27% | 21,691 | $7.6M | Reduce -0.7% |
| IVW iShares S&P 500 Growth ETF | 0.27% | 61,496 | $7.6M | Reduce -1.5% |
| SNAV Mohr Sector Nav ETF filed as COLLABORATIVE INVESTMNT SER | 0.27% | 216,367 | $7.6M | Add +6.9% |
| COST Costco Wholesale Corp. | 0.26% | 8,452 | $7.3M | Reduce -0.1% |
| IJH iShares Core S&P Midcap ETF | 0.26% | 109,499 | $7.2M | Reduce -16.4% |
| XOM Exxon Mobil Corp. | 0.26% | 59,675 | $7.2M | Add +9.1% |
| SMH Vaneck Semiconductor ETF | 0.26% | 19,813 | $7.1M | Add +43.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.26% | 28,131 | $7.1M | Add +28.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 76,144 | $6.8M | Reduce -6.5% |
| PH Parker Hannifin Corp. | 0.24% | 7,685 | $6.8M | Reduce -0.3% |
| PDEC Innovator U.S. Equity Power | 0.24% | 154,903 | $6.7M | Add +10.8% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 119,636 | $6.5M | Add +15.9% |
| WMT Walmart Inc. | 0.23% | 56,537 | $6.3M | Reduce -1.2% |
| CLIP Global X 1-3 Month T-Bill | 0.22% | 61,627 | $6.2M | Reduce -48.8% |
| GS Goldman Sachs Group Inc. | 0.21% | 6,694 | $5.9M | Add +3.3% |
| USFR Wisdomtree Floating Rate Tre | 0.21% | 115,460 | $5.8M | Add +8.4% |
| IJT iShares S&P Small-Cap 600 GR | 0.21% | 40,951 | $5.8M | Reduce -52.9% |
| AGG iShares Core U.S. Aggregate | 0.21% | 57,224 | $5.7M | Reduce -3.4% |
| BALT Inn Defined Wealth Shield | 0.20% | 169,257 | $5.7M | Reduce -1.8% |
| MBB iShares MBS ETF | 0.20% | 59,408 | $5.7M | Add +3.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.20% | 98,389 | $5.6M | Add +0.1% |
| CTA Simplify Managed Futures St | 0.20% | 200,800 | $5.5M | Add +5.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.20% | 68,142 | $5.4M | Reduce -11.7% |
| AEE Ameren Corporation | 0.20% | 54,200 | $5.4M | Add +0.7% |
| MU Micron Technology Inc. | 0.19% | 18,879 | $5.4M | Reduce -11.5% |
| MCD McDonald's Corp. | 0.19% | 17,577 | $5.4M | Reduce -0.6% |
| PPA Invesco Aerospace & Defense | 0.19% | 33,644 | $5.3M | Add +5.7% |
| WM Waste Management Inc. | 0.19% | 23,832 | $5.2M | Add +5.0% |
| IVE iShares S&P 500 Value ETF | 0.18% | 23,503 | $5.0M | Add +7.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.18% | 18,986 | $4.9M | Add +11.6% |
| KWY Kingsway Corp. | 0.17% | 356,411 | $4.8M | Reduce -4.3% |
| YBTC Roundhill Bitcoin CC STR ETF | 0.17% | 168,201 | $4.8M | New |
| ACWX iShares MSCI Acwi Ex US ETF | 0.17% | 69,878 | $4.7M | Add +7.5% |
| EFA iShares MSCI Eafe ETF | 0.17% | 48,657 | $4.7M | Reduce -3.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 9,799 | $4.6M | Reduce -2.3% |
| SGOV iShares 0-3 Month Treasury B | 0.16% | 44,802 | $4.5M | Reduce -88.5% |
| NEE Nextera Energy Inc. | 0.16% | 55,766 | $4.5M | Add +35.2% |
| CVX Chevron Corp. | 0.16% | 29,327 | $4.5M | Reduce -7.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $283K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 233 | $283K | Add +1.3% |
Total filed on the 13F, all lines: $2.8B.
Portfolio Sells Q3 2025 → Q4 2025
| SGOV iShares 0-3 Month Treasury B | Reduce -88.5% | 0.16% | −1.34 |
| NOW ServiceNow Inc. | Reduce -0.7% | 4.67% | −1.31 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −1.09 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -75.6% | 0.12% | −0.43 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -31.9% | 0.47% | −0.30 |
| COLLABORATIVE INVESTMNT SER | Sold out | 0.00% | −0.28 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -52.9% | 0.21% | −0.26 |
| CLIP Global X 1-3 Month T-Bill | Reduce -48.8% | 0.22% | −0.24 |
| OZ Belpointe Prep LLC Class A | Reduce -28.4% | 0.52% | −0.23 |
| ROE Ast US Eq WGT QLTY Kings ETF | Reduce -63.9% | 0.12% | −0.23 |
| NVDA Nvidia Corp. | Reduce -1.8% | 2.54% | −0.20 |
| IGM iShares Expanded Tech Sector | Reduce -83.1% | 0.03% | −0.14 |
| NFLX Netflix Inc. | Reduce -2.6% | 0.37% | −0.14 |
| ORCL Oracle Corp. | Reduce -31.0% | 0.12% | −0.14 |
| PAPR Innovator U.S. Equity Power | Reduce -78.7% | 0.03% | −0.14 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -16.1% | 0.49% | −0.13 |
| SPHY SS SPDR P High Yield ETF | Reduce -7.9% | 0.80% | −0.13 |
| GDX Vaneck Gold Miners ETF | Reduce -87.0% | 0.02% | −0.13 |
| SPMO Invesco S&P 500 Momentum ETF | Reduce -46.0% | 0.11% | −0.10 |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | Reduce -93.0% | 0.01% | −0.10 |
| BMI Badger Meter Inc. | Reduce -0.1% | 1.13% | −0.09 |
| VGSH Vanguard Short-Term Treasury | Reduce -32.3% | 0.15% | −0.09 |
| BAPR Innovator U.S. Equity Buffer | Reduce -85.5% | 0.01% | −0.08 |
| UBER Uber Technologies Inc. | Reduce -65.9% | 0.03% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -11.2% | 0.48% | −0.08 |
| PALC Pacer Lunt LRG Cap Multi-Fac | Reduce -76.0% | 0.02% | −0.08 |
| FTLS First Trust Long/Short Eqty | Reduce -57.1% | 0.05% | −0.07 |
| JGRO JPMorgan Active Growth ETF | Reduce -89.4% | 0.01% | −0.07 |
| IBIT iShares Bitcoin Trust ETF | Reduce -33.6% | 0.07% | −0.07 |
| PANW Palo Alto Networks Inc. | Reduce -50.7% | 0.05% | −0.07 |
| IJH iShares Core S&P Midcap ETF | Reduce -16.4% | 0.26% | −0.07 |
| RUNN Running Oak Efficient GR ETF | Sold out | 0.00% | −0.07 |
| TOPT iShares Top 20 US Stocks ETF | Sold out | 0.00% | −0.06 |
| PALL Abrdn Physical Palladium SHS | Reduce -73.3% | 0.03% | −0.06 |
| IWY iShares Russell Top 200 Grow | Reduce -27.7% | 0.13% | −0.06 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.06 |
| BITB Bitwise Bitcoin ETF | Reduce -42.3% | 0.04% | −0.06 |
| VDC Vanguard Consumer Staple ETF | Reduce -61.9% | 0.03% | −0.06 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.06 |
| VONG Vanguard Russell 1000 Growth | Reduce -10.0% | 0.32% | −0.05 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -24.6% | 0.14% | −0.05 |
| HD Home Depot Inc. | Reduce -6.0% | 0.16% | −0.05 |
| WRB WR Berkley Corp. | Reduce -32.3% | 0.07% | −0.05 |
| XAI OCTAGN FLT RAT & ALT INM | Reduce -64.2% | 0.02% | −0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -80.9% | 0.01% | −0.05 |
| XLK SS Technology Select Sector | Reduce -9.2% | 0.34% | −0.05 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.05 |
| FLRT Pacer Aristotle Pacific Floa | Reduce -37.0% | 0.07% | −0.05 |
| IONQ Ionq Inc. | Sold out | 0.00% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -0.6% | 1.19% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +75.7% | 4.27% | +1.76 |
| PLGI PL Growth and Income ETF | New | 1.53% | +1.53 |
| NELS Nelson Select ETF | New | 1.48% | +1.48 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +5321.8% | 1.00% | +0.98 |
| RTRE Rareview Total Return BD ETF | Add +70.5% | 1.06% | +0.40 |
| QQQ Invesco QQQ Trust Series 1 | Add +16.0% | 3.03% | +0.33 |
| LLY Eli Lilly & Co. | Add +92.8% | 0.35% | +0.22 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +45.5% | 0.59% | +0.18 |
| YBTC Roundhill Bitcoin CC STR ETF | New | 0.17% | +0.17 |
| BTAL Agf US Market Neutral Anti-B | New | 0.13% | +0.13 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +454.9% | 0.15% | +0.12 |
| SPAB SS SPDR P Agg Bond ETF | Add +764.3% | 0.14% | +0.12 |
| RDFI Rareview Dynamic Fixed Incom | Add +35.1% | 0.54% | +0.11 |
| GOOG Alphabet Inc. Class C | Add +2.7% | 0.55% | +0.11 |
| IBTG iShares Ibonds Dec 2026 Term | Add +269.6% | 0.14% | +0.10 |
| VCIT Vanguard Int-Term Corporate | Add +24.7% | 0.69% | +0.10 |
| IBTK iShares Ibonds Dec 2030 Trea | New | 0.10% | +0.10 |
| GLTR Abrdn Precious Metals Basket | Add +26.5% | 0.30% | +0.10 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +19.9% | 0.67% | +0.09 |
| OIH Vaneck Oil Services ETF | New | 0.09% | +0.09 |
| IBTI iShares Ibonds Dec 2028 Term | Add +436.8% | 0.11% | +0.09 |
| TSLA Tesla Inc. | Add +17.0% | 0.85% | +0.09 |
| IBTH iShares Ibonds Dec 2027 Term | Add +421.4% | 0.11% | +0.09 |
| SMH Vaneck Semiconductor ETF | Add +43.0% | 0.26% | +0.09 |
| JAAA Janus Henderson Aaa Clo ETF | Add +165.5% | 0.14% | +0.08 |
| SH Proshares Short S&P500 | Add +559.7% | 0.10% | +0.08 |
| SPTS SS SPDR P St Term TSY ETF | New | 0.07% | +0.07 |
| QQQI Neos Nasdaq-100 High Inc. ETF | New | 0.07% | +0.07 |
| AAPL Apple Inc. | Add +1.8% | 2.47% | +0.07 |
| GCOW Pacer Global Cash Cows Divid | Add +401.9% | 0.08% | +0.07 |
| REGN Regeneron Pharmaceuticals | New | 0.06% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +132.8% | 0.10% | +0.06 |
| NDOW Anydrus Advantage ETF | Add +7.2% | 1.99% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +15.9% | 0.23% | +0.06 |
| SPEM State Street SP PTF Em ETF | Add +67.3% | 0.15% | +0.05 |
| RNR Renaissancere Holdings Ltd. | Add +595.0% | 0.06% | +0.05 |
| MCO Moody's Corp. | New | 0.05% | +0.05 |
| VGIT Vanguard Intermediate-Term T | Add +103.0% | 0.11% | +0.05 |
| QQQM Invesco Nasdaq 100 ETF | Add +28.5% | 0.26% | +0.05 |
| NBIX Neurocrine Biosciences Inc. | New | 0.05% | +0.05 |
| SPGP Invesco S&P 500 Garp ETF | Add +208.1% | 0.07% | +0.05 |
| ILMN Illumina Inc. | New | 0.05% | +0.05 |
| RIO Rio Tinto PLC-Spon ADR | Add +371.7% | 0.05% | +0.04 |
| EXLS Exlservice Holdings Inc. | New | 0.04% | +0.04 |
| NEE Nextera Energy Inc. | Add +35.2% | 0.16% | +0.04 |
| PVAL Putnam Focused LRG Cap Value | Add +72.5% | 0.10% | +0.04 |
| DOCN Digitalocean Holdings Inc. | Add +155.0% | 0.06% | +0.04 |
| IDEC Inno Int Dev Power Buff Dec | Add +274.9% | 0.06% | +0.04 |
| PYLD PIMCO Multisector Bond Actv | New | 0.04% | +0.04 |
| NBIS Nebius Group NV | New | 0.04% | +0.04 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.3% | 233 | $283K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 12,432 | $970before exit |
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 |