Boyd Watterson Asset Management LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Boyd Watterson Asset Management LLC reported 413 stock positions worth $346.3 million. Its top holding was iShares 1-5Y Inv Grade (IGSB) at 8.8% of the portfolio, followed by iShares 5-10Y Inv Grade (IGIB, 7.3%) and Microsoft (MSFT, 6.7%). Compared with Q1 2024, it opened 17 new positions, sold out of 18, added to 35 and reduced 64. The biggest buy was iShares 1-5Y Inv Grade (IGSB, shares +8440%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −14%).

Most Recent 13F
Q2 2026
Location
CLEVELAND, OH
CIK
0001121477
Portfolio Value
$346.3M (Q2 2024)
SEC Filing
0001121477-24-000007 ↗ filed Aug 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $274.9M Q1 2024 Q2 2024: $346.3M $346.3M Q2 2024 Q3 2024: $361.0M Q3 2024 Q4 2024: $356.1M Q4 2024 Q1 2025: $309.3M Q1 2025 Q2 2025: $314.8M Q2 2025 Q3 2025: $334.8M Q3 2025 Q4 2025: $345.6M Q4 2025 Q1 2026: $324.9M Q1 2026 Q2 2026: $370.6M Q2 2026

Holdings 413 stocks · $346.3M
IGSB iShares 1-5Y Inv Grade Corp. 8.81% 595,507 $30.5M Add +8440.2%
IGIB iShares 5-10Y Inv Grade Corp. 7.30% 492,854 $25.3M Add +3499.3%
MSFT Microsoft Corp. 6.71% 51,978 $23.2M Add +2.4%
SPY SS SPDR S&P 500 ETF Trust-US 6.10% 38,838 $21.1M Reduce -14.4%
VCLT Vanguard Long-Term Corp. Bond 3.97% 181,346 $13.8M Add +4060.3%
AVGO Broadcom Inc. 3.52% 7,599 $12.2M Reduce -1.8%
LLY Eli Lilly & Co. 3.38% 12,944 $11.7M Reduce -10.7%
GOOGL Alphabet Inc. Class A 3.33% 63,311 $11.5M Reduce -0.9%
AAPL Apple Inc. 2.63% 43,262 $9.1M Reduce -1.2%
JPM JPMorgan Chase & Co. 2.51% 42,951 $8.7M Reduce -2.8%
ETN Eaton Corp. PLC 2.13% 23,541 $7.4M Reduce -3.3%
MDY State Street SPDR S&P Midcap 2.11% 13,680 $7.3M Reduce -1.8%
AXP American Express Co. 1.90% 28,424 $6.6M Reduce -0.3%
HON Honeywell International Inc. 1.67% 27,113 $5.8M Add +0.2%
AMZN Amazon.com Inc. 1.51% 27,104 $5.2M Add +6.7%
XOM Exxon Mobil Corp. 1.50% 45,036 $5.2M Add +0.2%
MBB iShares MBS ETF 1.37% 51,659 $4.7M Reduce -1.2%
ABBV Abbvie Inc. 1.18% 23,871 $4.1M Reduce -22.5%
VOO Vanguard S&P 500 ETF 1.17% 8,097 $4.0M No change
IOO iShares Global 100 ETF 1.10% 39,480 $3.8M Reduce -1.3%
NVDA Nvidia Corp. 1.07% 30,000 $3.7M No change
CRWD CrowdStrike Holdings Inc. Class A 1.04% 9,432 $3.6M Reduce -13.6%
CAT Caterpillar Inc. 1.03% 10,737 $3.6M No change
JNJ Johnson & Johnson 1.00% 23,786 $3.5M Add +2.8%
LIN Linde PLC 0.98% 7,715 $3.4M No change
MRK Merck & Co. Inc. 0.96% 26,927 $3.3M Add +0.1%
V Visa Inc. Class A 0.96% 12,623 $3.3M Add +0.3%
GOOG Alphabet Inc. Class C 0.95% 18,022 $3.3M Reduce -0.6%
QCOM Qualcomm Inc. 0.90% 15,703 $3.1M Add +0.9%
EEM iShares MSCI Emerging Market 0.90% 72,789 $3.1M Add +106.1%
PG The Procter & Gamble Co. 0.89% 18,614 $3.1M No change
CVX Chevron Corp. 0.84% 18,692 $2.9M Add +0.0%
ABT Abbott Laboratories 0.76% 25,430 $2.6M Reduce -0.8%
IJR iShares Core S&P Small-Cap E 0.73% 23,850 $2.5M Reduce -2.0%
PH Parker Hannifin Corp. 0.72% 4,915 $2.5M Reduce -0.3%
TMO Thermo Fisher Scientific Inc. 0.68% 4,268 $2.4M No change
PEP Pepsico Inc. 0.58% 12,179 $2.0M Reduce -17.1%
ORLY O'reilly Automotive Inc. 0.58% 1,895 $2.0M Reduce -3.2%
SCHD Schwab US DVD Equity ETF 0.57% 25,416 $2.0M No change
EFA iShares MSCI Eafe ETF 0.57% 25,182 $2.0M Reduce -0.6%
BKNG Booking Holdings Inc. 0.56% 491 $1.9M Reduce -13.1%
CRM Salesforce Inc. 0.52% 6,990 $1.8M Reduce -5.6%
TT Trane Technologies PLC 0.52% 5,428 $1.8M No change
BMY Bristol-Myers Squibb Co. 0.51% 42,570 $1.8M Reduce -0.4%
SHOP Shopify Inc. Class A 0.51% 26,609 $1.8M Reduce -5.6%
HD Home Depot Inc. 0.50% 5,042 $1.7M No change
EMR Emerson Electric Co. 0.48% 15,120 $1.7M Add +0.5%
PSX Phillips 66 0.45% 11,109 $1.6M No change
KO The Coca-Cola Co. 0.45% 24,563 $1.6M No change
GS Goldman Sachs Group Inc. 0.45% 3,424 $1.5M No change
CI The Cigna Group 0.43% 4,453 $1.5M No change
INTC Intel Corp. 0.42% 47,210 $1.5M Reduce -0.4%
MRSH Marsh & McLennan Cos 0.41% 6,698 $1.4M Add +0.3%
TGT Target Corp. 0.38% 8,886 $1.3M Reduce -0.3%
ZBRA Zebra Technologies Corp. Class A 0.37% 4,187 $1.3M Add +2.8%
REGN Regeneron Pharmaceuticals 0.36% 1,195 $1.3M No change
NEE Nextera Energy Inc. 0.35% 17,098 $1.2M No change
EXPE Expedia Group Inc. 0.33% 8,979 $1.1M Add +280.1%
SCHW Schwab (charles) Corp. 0.30% 13,928 $1.0M Add +54.5%
C Citigroup Inc. 0.28% 15,361 $975K Add +71.7%
AMD Advanced Micro Devices 0.27% 5,843 $948K Add +52.2%
DHR Danaher Corp. 0.27% 3,764 $940K No change
JAAA Janus Henderson Aaa Clo ETF 0.25% 17,000 $865K No change
BA The Boeing Co. 0.25% 4,674 $851K Reduce -2.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.23% 2,089 $781K No change
IJH iShares Core S&P Midcap ETF 0.23% 13,335 $780K No change
SPTI SS SPDR P Int Term TSY ETF 0.22% 27,703 $776K Reduce -8.3%
TXN Texas Instruments Inc. 0.22% 3,918 $762K No change
META Meta Platforms Inc. Class A 0.21% 1,469 $741K Reduce -18.1%
TRV The Travelers Cos Inc. 0.21% 3,538 $719K No change
UPS United Parcel Service Class B 0.21% 5,226 $715K No change
PFF iShares Preferred & Income S 0.21% 22,656 $715K Add +144.5%
RTX RTX Corp. 0.20% 6,980 $701K No change
APD Air Products & Chemicals Inc. 0.20% 2,709 $699K No change
CMI Cummins Inc. 0.20% 2,513 $696K Reduce -0.3%
CSX CSX Corp. 0.19% 19,681 $658K Reduce -20.3%
ROP Roper Technologies Inc. 0.18% 1,107 $624K Add +1.8%
SHEL Shell PLC-ADR 0.18% 8,613 $622K No change
CARR Carrier Global Corp. 0.17% 9,603 $606K No change
PFE Pfizer Inc. 0.17% 21,596 $604K Reduce -25.8%
CSCO Cisco Systems Inc. 0.17% 12,231 $581K No change
GE General Electric filed as GE AEROSPACE 0.16% 3,424 $544K Reduce -2.6%
EOG EOG Resources Inc. 0.15% 4,108 $517K Add +2.1%
DNP DNP Select Income Fund Inc. 0.15% 62,031 $510K Add +0.4%
MA Mastercard Inc. Class A 0.14% 1,134 $500K Add +0.4%
SYF Synchrony Financial 0.14% 10,568 $499K No change
HPQ HP Inc. 0.14% 13,974 $489K No change
USB US Bancorp 0.14% 11,973 $475K Add +1.9%
LOW Lowe's Cos Inc. 0.14% 2,130 $470K No change
COP Conocophillips 0.13% 4,026 $460K Reduce -2.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 2,552 $441K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 11,075 $440K No change
SHY iShares 1-3 Year Treasury Bo 0.12% 5,000 $408K No change
IEF iShares 7-10 Year Treasury B 0.12% 4,330 $406K Reduce -8.5%
CMG Chipotle Mexican Grill Inc. 0.11% 6,250 $392K Reduce -8.8%
MDLZ Mondelez International Inc. Class A 0.11% 5,868 $384K Reduce -1.7%
KVUE Kenvue Inc. 0.11% 20,204 $367K Reduce -28.9%
MCK McKesson Corp. 0.11% 627 $366K No change
VMBS Vanguard Mortgage-Backed Sec 0.10% 7,880 $358K Add +5.1%
BLK BlackRock Finance Inc. 0.10% 452 $356K No change
MDT Medtronic PLC 0.10% 4,451 $350K Reduce -3.3%
WMT Walmart Inc. 0.10% 5,121 $347K No change
VZ Verizon Communications Inc. 0.10% 8,116 $335K No change
OTIS Otis Worldwide Corp. 0.09% 3,415 $329K Reduce -0.3%
SJNK SS SPDR BB St Hi Yield ETF 0.09% 12,947 $323K Reduce -7.4%
PYPL PayPal Holdings Inc. 0.09% 5,365 $311K Reduce -2.4%
AMGN Amgen Inc. 0.09% 990 $309K No change
ITW Illinois Tool Works 0.09% 1,260 $299K No change
FAST Fastenal Co. 0.07% 4,104 $258K No change
KLAC KLA Corp. 0.07% 309 $255K No change
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.07% 9,284 $253K Reduce -13.6%
AVB Avalonbay Communities Inc. 0.07% 1,187 $246K No change
BKLN Invesco Senior Loan ETF 0.07% 11,464 $241K Add +8.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.06% 533 $208K No change
PAYC Paycom Software Inc. 0.06% 1,446 $207K Add +2.1%
WFC Wells Fargo & Co. 0.06% 3,482 $207K No change
MS Morgan Stanley 0.06% 2,106 $205K No change
AMP Ameriprise Financial Inc. 0.06% 457 $195K No change
USHY iShares Broad Usd High Yield 0.05% 5,153 $187K Reduce -8.4%
EXC Exelon Corp. 0.05% 4,887 $169K No change
UNH Unitedhealth Group Inc. 0.05% 331 $169K No change
NFLX Netflix Inc. 0.05% 240 $162K Reduce -4.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.04% 1,905 $147K Reduce -20.2%
GEV GE Vernova Inc. 0.04% 846 $145K Reduce -3.8%
OKE Oneok Inc. 0.04% 1,659 $135K No change
KMI Kinder Morgan Inc. 0.04% 6,612 $131K No change
CL Colgate-Palmolive Co. 0.04% 1,350 $131K No change
SPGI S&P Global Inc. 0.04% 274 $122K Reduce -8.4%
PPG PPG Industries Inc. 0.04% 965 $121K No change
IR Ingersoll-Rand Inc. 0.03% 1,314 $119K No change
MMM 3M Co. 0.03% 1,167 $119K No change
TFC Truist Financial Corp. 0.03% 3,012 $117K No change
PAYX Paychex Inc. 0.03% 941 $112K No change
WM Waste Management Inc. 0.03% 520 $111K No change
MCD McDonald's Corp. 0.03% 428 $109K Reduce -3.4%
SYY Sysco Corp. 0.03% 1,525 $109K No change
MPLX MPLX LP 0.03% 2,465 $105K Add +35.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.03% 965 $103K No change
ORCL Oracle Corp. 0.03% 719 $102K No change
VGSH Vanguard Short-Term Treasury 0.03% 1,629 $94K Reduce -26.7%
VPU Vanguard Utilities ETF 0.03% 635 $94K New
HCA HCA Healthcare Inc. 0.03% 292 $94K No change
NUE Nucor Corp. 0.03% 587 $93K No change
PINS Pinterest Inc. Class A 0.03% 2,100 $93K Reduce -37.3%
TAP Molson Coors Beverage Co. Class B 0.03% 1,750 $89K No change
KMB Kimberly-Clark Corp. 0.02% 610 $84K No change
SO The Southern Co. 0.02% 1,070 $83K No change
ZBH Zimmer Biomet Holdings Inc. 0.02% 750 $81K No change
VTRS Viatris Inc. 0.02% 7,610 $81K No change
YUM Yum! Brands Inc. 0.02% 610 $81K No change
T AT&T Inc. 0.02% 4,173 $80K No change
IUSV iShares Core S&P U.S. Value 0.02% 900 $79K No change
MPC Marathon Petroleum Corp. 0.02% 436 $76K No change
EBAY eBay Inc. 0.02% 1,400 $75K Reduce -18.7%
DUK Duke Energy Corp. 0.02% 697 $70K No change
PGR Progressive Corp. 0.02% 334 $69K No change
PSA Public Storage 0.02% 240 $69K No change
MO Altria Group Inc. 0.02% 1,492 $68K No change
TEL Te Connectivity Ltd. 0.02% 445 $67K No change
SGOV iShares 0-3 Month Treasury B 0.02% 646 $65K New
TSM Taiwan Semiconductor-SP ADR 0.02% 362 $63K No change
VLO Valero Energy Corp. 0.02% 382 $60K No change
BDX Becton Dickinson and Co. 0.02% 256 $60K No change
DRI Darden Restaurants Inc. 0.02% 389 $59K No change
UNP Union Pacific Corp. 0.02% 257 $58K No change
UL Unilever PLC 0.02% 1,052 $58K No change
CB Chubb Ltd. 0.02% 226 $58K No change
EPD Enterprise Products Partners 0.02% 1,980 $57K Add +33.8%
LVMUY LVMH Moet Hennessy-Unsp ADR 0.02% 369 $56K No change
MITSY Mitsui & Co. Ltd.-Spons ADR 0.02% 59 $54K No change
VNQ Vanguard Real Estate ETF 0.02% 634 $53K No change
CAH Cardinal Health Inc. 0.01% 518 $51K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 125 $51K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.01% 56 $51K No change
TIP iShares Tips Bond ETF 0.01% 470 $50K New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 1,060 $50K No change
FLRN SS SPDR BB Ig Float RT ETF 0.01% 1,537 $47K Reduce -9.4%
WAT Waters Corp. 0.01% 160 $46K No change
LMT Lockheed Martin Corp. 0.01% 99 $46K No change
BAESY Bae Systems PLC -Spon ADR 0.01% 685 $46K No change
SCCO Southern Copper Corp. 0.01% 412 $44K Add +1.0%
MSI Motorola Solutions Inc. 0.01% 114 $44K No change
GIS General Mills Inc. 0.01% 681 $43K No change
ABBNY Abb Ltd.-Spon ADR 0.01% 774 $43K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 600 $42K No change
VGT Vanguard Info Tech ETF 0.01% 72 $42K No change
AON Aon PLC Class A 0.01% 138 $41K No change
AEP American Electric Power 0.01% 460 $40K No change
FITB Fifth Third Bancorp 0.01% 1,101 $40K No change
MUB iShares National Muni Bond E 0.01% 375 $40K No change
CINF Cincinnati Financial Corp. 0.01% 338 $40K No change
COR Cencora Inc. 0.01% 177 $40K No change
RHI Robert Half Inc. 0.01% 620 $40K No change
FIS Fidelity National Info Serv 0.01% 500 $38K No change
GPC Genuine Parts Co. 0.01% 262 $36K No change
ALIZY Allianz SE - Unsp ADR 0.01% 1,287 $36K No change
TM Toyota Motor Corp. -Spon ADR 0.01% 174 $36K No change
VEU Vanguard Ftse All-World Ex-U 0.01% 607 $36K No change
CNP Centerpoint Energy Inc. 0.01% 1,132 $35K No change
SUB iShares Short-Term National 0.01% 329 $34K No change
CEG Constellation Energy 0.01% 167 $33K No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.01% 2,657 $33K No change
PEG Public Service Enterprise GP 0.01% 448 $33K No change
DBSDY DBS Group Holdings-Spon ADR 0.01% 311 $33K Add +9.1%
STIP iShares 0-5 Year Tips Bond E 0.01% 329 $33K No change
PM Philip Morris International 0.01% 322 $33K No change
PFG Principal Financial Group 0.01% 415 $33K No change
IHG Intercontinental Hotels-ADR 0.01% 304 $32K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 320 $32K No change
NI Nisource Inc. 0.01% 1,076 $31K No change
IPG Interpublic Group of Cos Inc. 0.01% 1,061 $31K No change
MUFG Mitsubishi Ufj Finl-Spon ADR 0.01% 2,838 $31K No change
VWO Vanguard Ftse Emerging Marke 0.01% 700 $31K No change
ELV Elevance Health Inc. 0.01% 56 $30K No change
ED Consolidated Edison Inc. 0.01% 339 $30K No change
AXAHY AXA -Spons ADR filed as AXA ADR 0.01% 913 $30K No change
NTTYY NTT Inc. - ADR filed as NIPPON TEL & TEL CORP ADR 0.01% 1,166 $28K No change
GAB Gabelli Equity Trust 0.01% 5,280 $27K New
D Dominion Energy Inc. 0.01% 557 $27K No change
AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC 0.01% 943 $27K New
SIEGY Siemens AG-Spons ADR 0.01% 292 $27K No change
VRP Invesco Variable Rate Prefer 0.01% 1,132 $27K Add +17.1%
IX Orix - Sponsored ADR filed as ORIX CORP 0.01% 240 $27K No change
LNC Lincoln National Corp. 0.01% 850 $26K No change
NVS Novartis AG-Sponsored ADR 0.01% 242 $26K No change
CVS CVS Health Corp. 0.01% 435 $26K No change
MDXG Mimedx Group Inc. 0.01% 3,670 $25K No change
PAA Plains All Amer Pipeline LP 0.01% 1,423 $25K No change
BBWI Bath & Body Works Inc. 0.01% 650 $25K No change
VCR Vanguard Consumer Discre ETF 0.01% 80 $25K No change
NSRGY Nestle SA-Spons ADR 0.01% 239 $24K No change
JCI Johnson Controls Internation 0.01% 365 $24K No change
WELL Welltower Inc. 0.01% 228 $24K No change
COF Capital One Financial Corp. 0.01% 169 $23K No change
SPG Simon Property Group Inc. 0.01% 153 $23K No change
IBDRY Iberdrola SA-Sponsored ADR 0.01% 440 $23K No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.01% 523 $23K No change
IP International Paper Co. 0.01% 526 $23K No change
DFS Discover Financial Services 0.01% 173 $23K No change
KMTUY Komatsu Ltd. -Spons ADR 0.01% 778 $23K No change
ET Energy Transfer LP 0.01% 1,385 $22K Add +22.7%
TTE Totalenergies SE -Spon ADR 0.01% 335 $22K No change
NSC Norfolk Southern Corp. 0.01% 104 $22K No change
FISV Fiserv Inc. 0.01% 149 $22K No change
RIO Rio Tinto PLC-Spon ADR 0.01% 332 $22K No change
FLOT iShares Floating Rate Bond E 0.01% 425 $22K Reduce -27.7%
OMC Omnicom Group 0.01% 242 $22K No change
AA Alcoa Corp. 0.01% 538 $21K No change
BHP BHP Group Ltd.-Spon ADR 0.01% 368 $21K No change
ILMN Illumina Inc. 0.01% 200 $21K No change
XLF SS Financial Select Sector 0.01% 500 $21K No change
ENB Enbridge Inc. 0.01% 564 $20K No change
FDX FedEx Corp. 0.01% 66 $20K No change
VHT Vanguard Health Care ETF 0.01% 74 $20K No change
BAB Invesco Taxable Municipal Bo 0.01% 735 $19K New
LHX L3HARRIS Technologies Inc. 0.01% 86 $19K No change
SNY Sanofi-ADR 0.01% 398 $19K No change
BTI British American Tob-SP ADR 0.01% 600 $19K No change
TD Toronto-Dominion Bank 0.01% 332 $18K No change
DEO Diageo PLC-Sponsored ADR 0.01% 144 $18K No change
KEYS Keysight Technologies Inc. 0.01% 132 $18K Reduce -60.2%
WEC WEC Energy Group Inc. 0.01% 228 $18K No change
INFY Infosys Ltd.-SP ADR 0.01% 948 $18K No change
ZTS Zoetis Inc. 0.01% 100 $17K No change
DD Dupont DE Nemours Inc. 0.01% 213 $17K No change
LEG Leggett & Platt Inc. 0.00% 1,464 $17K No change
WU Western Union Co. 0.00% 1,357 $17K No change
PCY Invesco Emerging Markets Sov 0.00% 800 $16K Reduce -52.0%
SOLV Solventum Corp. 0.00% 290 $15K Reduce -0.6%
WEX Wex Inc. 0.00% 83 $15K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 133 $15K Reduce -42.9%
IDXX Idexx Laboratories Inc. 0.00% 30 $15K No change
LYB Lyondellbasell Indu Class A 0.00% 148 $14K No change
EIX Edison International 0.00% 195 $14K No change
FE Firstenergy Corp. 0.00% 357 $14K No change
PAGP Plains GP Holdings LP 0.00% 700 $13K No change
VIS Vanguard Industrials ETF 0.00% 56 $13K No change
IMCB iShares Morningstar Mid-Cap 0.00% 184 $13K No change
MU Micron Technology Inc. 0.00% 97 $13K No change
BNPQY BNP Paribas-ADR 0.00% 399 $13K No change
CAG Conagra Brands Inc. 0.00% 431 $12K No change
LAZ Lazard Inc. 0.00% 317 $12K No change
BASFY Basf SE-Spon ADR 0.00% 996 $12K No change
LW Lamb Weston Holdings Inc. 0.00% 143 $12K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.00% 200 $12K No change
HPE Hewlett Packard Enterprise 0.00% 560 $12K No change
DOW Dow Inc. 0.00% 223 $12K No change
VDC Vanguard Consumer Staple ETF 0.00% 58 $12K No change
GEHC GE Healthcare Technology 0.00% 150 $12K No change
CTVA Corteva Inc. 0.00% 213 $11K No change
DE Deere & Co. 0.00% 30 $11K No change
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.00% 1,806 $11K No change
CAJPY Canon Inc.-Spons ADR 0.00% 393 $11K No change
BARNES GROUP INC 0.00% 250 $10K No change
IEX Idex Corp. 0.00% 50 $10K No change
PETQ Petiq Inc. 0.00% 450 $10K No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 182 $10K No change
GSK GSK PLC-Spon ADR 0.00% 251 $10K No change
TSLA Tesla Inc. 0.00% 48 $9K No change
MAT Mattel Inc. 0.00% 584 $9K No change
SMG Scotts Miracle-Gro Co. 0.00% 140 $9K No change
VFH Vanguard Financials ETF 0.00% 88 $9K No change
WPP WPP PLC-Sponsored ADR 0.00% 189 $9K No change
CSQ Calamos Strat TTL RTRN FND 0.00% 500 $8K No change
VAW Vanguard Materials ETF 0.00% 43 $8K No change
SUN Sunoco LP 0.00% 146 $8K New
E Eni SPA-Sponsored ADR 0.00% 265 $8K No change
HMC Honda Motor Co. Ltd.-Spons ADR 0.00% 250 $8K No change
FBIN Fortune Brands Innovations I 0.00% 123 $8K No change
NTRS Northern Trust Corp. 0.00% 95 $8K No change
VLTO Veralto Corp. 0.00% 75 $7K No change
PTY PIMCO Corporate & Income Opp 0.00% 500 $7K New
EMB iShares JP Morgan Usd Emergi 0.00% 80 $7K No change
IDU iShares US Utilities ETF 0.00% 80 $7K No change
MET Metlife Inc. 0.00% 100 $7K No change
FCX Freeport-McMoran Inc. 0.00% 144 $7K No change
AVY Avery Dennison Corp. 0.00% 31 $7K No change
ADX Adams Diversified Equity 0.00% 300 $6K No change
ORI Old Republic Intl Corp. 0.00% 200 $6K No change
TLT iShares 20+ Year Treasury BD 0.00% 65 $6K New
FTV Fortive Corp. 0.00% 80 $6K No change
ACN Accenture PLC Class A 0.00% 19 $6K No change
ROK Rockwell Automation Inc. 0.00% 20 $6K No change
EPSN Epsilon Energy Ltd. 0.00% 1,000 $5K No change
O Realty Income Corp. 0.00% 103 $5K Reduce -74.4%
CEDAR FAIR LP 0.00% 100 $5K No change
REZI Resideo Technologies Inc. 0.00% 276 $5K No change
HOG Harley-Davidson Inc. 0.00% 154 $5K No change
FLR Fluor Corp. 0.00% 116 $5K No change
GLW Corning Inc. 0.00% 125 $5K No change
USAC USA Compression Partners LP 0.00% 200 $5K New
DFIN Donnelley Financial Solution 0.00% 76 $5K No change
WBD Warner Bros Discovery Inc. 0.00% 597 $4K Reduce -9.1%
QYLD Global X Nasd 100 Cov Call 0.00% 250 $4K Reduce -35.9%
VOD Vodafone Group PLC-SP ADR 0.00% 492 $4K No change
PNR Pentair PLC 0.00% 56 $4K No change
GUT Gabelli Utility Trust 0.00% 720 $4K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 46 $4K No change
ARDC Ares Dynamic Credit All 0.00% 275 $4K New
VDE Vanguard Energy ETF 0.00% 32 $4K No change
IVZ Invesco Ltd. 0.00% 267 $4K No change
CLF Cleveland-Cliffs Inc. 0.00% 254 $4K No change
CHTR Charter Communications Inc. Class A 0.00% 13 $4K No change
JNK SS SPDR BB High Yield Bond 0.00% 41 $4K No change
KD Kyndryl Holdings Inc. 0.00% 144 $4K No change
XAWFX Alliancebernstein GL Hi Inc. 0.00% 350 $4K New
BST BlackRock Science & Tech TR 0.00% 96 $4K New
VSXY Victoria's Secret & Co. 0.00% 204 $4K No change
ADP Automatic Data Processing 0.00% 15 $4K No change
ARCC Ares Capital Corp. 0.00% 170 $4K No change
CUK Carnival PLC-ADR 0.00% 198 $3K No change
USA Liberty All Star Equity Fund 0.00% 500 $3K No change
IYZ iShares US Telecommunication 0.00% 152 $3K No change
JNPR Juniper Networks Inc. 0.00% 90 $3K No change
SLVM Sylvamo Corp. 0.00% 44 $3K No change
AGG iShares Core U.S. Aggregate 0.00% 30 $3K No change
CCL Carnival Corp. 0.00% 155 $3K No change
OTLY Oatly Group AB 0.00% 3,000 $3K New
OGN Organon & Co. 0.00% 135 $3K Reduce -98.0%
UTG Reaves Utility Income Fund 0.00% 100 $3K New
HLN Haleon PLC-ADR 0.00% 316 $3K No change
AMT American Tower Corp. 0.00% 13 $3K No change
BXP BXP Inc. filed as BOSTON PROPERTIES INC 0.00% 41 $3K No change
DVA Davita Inc. 0.00% 18 $2K No change
WDS Woodside Energy Group-ADR 0.00% 130 $2K No change
AFL Aflac Inc. 0.00% 27 $2K No change
CDP Copt Defense Properties 0.00% 95 $2K No change
CMS CMS Energy Corp. 0.00% 39 $2K No change
DOV Dover Corp. 0.00% 12 $2K No change
AKAM Akamai Technologies Inc. 0.00% 22 $2K No change
NTAP Netapp Inc. 0.00% 15 $2K No change
PRU Prudential Financial Inc. 0.00% 16 $2K No change
MBC Masterbrand Inc. 0.00% 123 $2K No change
NWL Newell Brands Inc. 0.00% 279 $2K No change
DGX Quest Diagnostics Inc. 0.00% 13 $2K No change
WAB Wabtec Corp. 0.00% 11 $2K No change
OXY Occidental Petroleum Corp. 0.00% 27 $2K No change
SDZNY Sandoz Group AG-ADR 0.00% 46 $2K No change
PLUG Plug Power Inc. 0.00% 700 $2K No change
NVT Nvent Electric PLC 0.00% 21 $2K No change
DOC Healthpeak Properties Inc. 0.00% 78 $2K No change
NGL NGL Energy Partners LP 0.00% 300 $2K New
NTR Nutrien Ltd. 0.00% 29 $1K No change
GRX Gabelli Healthcare & Well 0.00% 152 $1K New
CTSH Cognizant Tech Solutions-A 0.00% 21 $1K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.00% 15 $1K No change
FRO Frontline PLC 0.00% 55 $1K No change
ACLLY Accelleron Industries AG 0.00% 36 $1K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.00% 12 $1K No change
WRK Westrock Co. 0.00% 23 $1K No change
ASIX Advansix Inc. 0.00% 49 $1K No change
VNO Vornado Realty Trust 0.00% 40 $1K No change
GTX Garrett Motion Inc. 0.00% 116 $996 No change
VNT Vontier Corp. 0.00% 26 $993 No change
SWK Stanley Black & Decker Inc. 0.00% 12 $959 No change
SONY Sony Group Corp. - SP ADR 0.00% 10 $850 No change
CHRW C.H. Robinson Worldwide Inc. 0.00% 9 $793 No change
CC The Chemours Co. 0.00% 29 $655 No change
GRAL Grail Inc. 0.00% 32 $492 Reduce -4.2%
SAIC Science Applications Inte 0.00% 4 $470 No change
ADNT Adient PLC 0.00% 18 $445 No change
TRIP Tripadvisor Inc. 0.00% 24 $427 No change
UE Urban Edge Properties 0.00% 20 $369 No change
NGVT Ingevity Corp. 0.00% 7 $306 No change
JBGS JBG Smith Properties 0.00% 20 $305 No change
AIG American International Group 0.00% 4 $297 No change
FCPT Four Corners Property Trust 0.00% 12 $296 No change
AVNS Avanos Medical Inc. 0.00% 11 $219 No change
RMR RMR Group Inc./the - A 0.00% 7 $158 No change
ZIMV Zimvie Inc. 0.00% 7 $128 No change
OPITQ Office Properties Income Tru 0.00% 25 $51 No change
EMBC Embecta Corp. 0.00% 3 $38 No change
ONL Orion Properties Inc. filed as ORION OFFICE REIT INC 0.00% 10 $36 Reduce -75.0%
Other holdings (28): bonds, preferreds, convertibles and warrants · $3.8M (not counted above)
SecurityClassShares / PrincipalValueChange
US BANCORP (USB 4 PERP M) PFD 84,165$1.5MNo change
CHARLES SCHWAB CORP (SCHW 4.45 PERP J) PFD 40,750$818KNo change
HUNTINGTON BANCSHARES (HBAN 4.5 PERP H) PFD 25,300$452KNo change
NATIONAL RURAL UTIL COOP (NRUC 5.5 05/15/64 US) PFD 9,612$235KNo change
BRUNSWICK CORP (BC 6.5 10/15/48) PFD 9,338$232KNo change
NEXTERA ENERGY CAPITAL (NEE 5.65 03/01/79 N) PFD 8,948$220KNo change
SOUTHERN CO (SO 4.2 10/15/60 C) PFD 10,100$204KNo change
REINSURANCE GRP OF AMER (RGA V5.75 06/15/56) PFD 2,366$60KNo change
BRUNSWICK CORP (BC 6.625 01/15/49) PFD 871$22KNo change
AMERICAN FINANCIAL GROUP (AFG 5.875 03/30/59) Common Stock 876$21KNo change
KIMCO REALTY CORP (KIM 5.25 PERP M) PFD 655$14KNo change
ZIONS BANCORP NA (ZION V0 PERP G) COM 500$13KNo change
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock 500$12KNo change
HUNTINGTON BANCSHARES (HBAN V6.875 PERP J) PFD 150$4KNo change
ENBRIDGE INC (ENBCN V5.85792 PERP L) PFD 177$4KNew
AT&T INC (T 4.75 PERP C) PFD 165$3KNo change
UNUM GROUP (UNM 6.25 06/15/58) PFD 125$3KNo change
GEORGIA POWER CO (SO 5 10/01/77 2017) COM 125$3KNo change
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 125$3KNo change
FORD MOTOR COMPANY (F 6.5 08/15/62) PREFERRED DEBT 125$3KNo change
DUKE ENERGY CORP (DUK 5.75 PERP A) Common Stock 125$3KNo change
FIFTH THIRD BANCORP (FITB 4.95 PERP K) Common Stock 150$3KNo change
BANK OF AMERICA CORP (BAC 5 PERP LL) PFD 125$3KNo change
BROOKFIELD OAKTREE HLDGS (OAK 6.625 PERP A) PFD 125$3KNo change
JPMORGAN CHASE & CO (JPM 4.75 PERP GG) Common Stock 125$3KNo change
TRUIST FINANCIAL CORP (TFC 4.75 PERP R) COM 125$2KNo change
WELLS FARGO & COMPANY (WFC 5.625 PERP Y) PREFERRED STOCK 100$2KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 3$123No change

Total filed on the 13F, all lines: $350.1M.

Portfolio Sells Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US Reduce -14.4% 6.10% −2.53
ABBV Abbvie Inc. Reduce -22.5% 1.18% −0.86
LLY Eli Lilly & Co. Reduce -10.7% 3.38% −0.72
JPM JPMorgan Chase & Co. Reduce -2.8% 2.51% −0.71
MDY State Street SPDR S&P Midcap Reduce -1.8% 2.11% −0.71
ETN Eaton Corp. PLC Reduce -3.3% 2.13% −0.64
AXP American Express Co. Reduce -0.3% 1.90% −0.46
MBB iShares MBS ETF Reduce -1.2% 1.37% −0.39
PEP Pepsico Inc. Reduce -17.1% 0.58% −0.36
INTC Intel Corp. Reduce -0.4% 0.42% −0.34
BMY Bristol-Myers Squibb Co. Reduce -0.4% 0.51% −0.33
ABT Abbott Laboratories Reduce -0.8% 0.76% −0.30
CRM Salesforce Inc. Reduce -5.6% 0.52% −0.29
SHOP Shopify Inc. Class A Reduce -5.6% 0.51% −0.28
PH Parker Hannifin Corp. Reduce -0.3% 0.72% −0.28
IJR iShares Core S&P Small-Cap E Reduce -2.0% 0.73% −0.24
CRWD CrowdStrike Holdings Inc. Class A Reduce -13.6% 1.04% −0.23
ORLY O'reilly Automotive Inc. Reduce -3.2% 0.58% −0.23
AVGO Broadcom Inc. Reduce -1.8% 3.52% −0.21
IOO iShares Global 100 ETF Reduce -1.3% 1.10% −0.20
TGT Target Corp. Reduce -0.3% 0.38% −0.19
BKNG Booking Holdings Inc. Reduce -13.1% 0.56% −0.18
GOOGL Alphabet Inc. Class A Reduce -0.9% 3.33% −0.18
EFA iShares MSCI Eafe ETF Reduce -0.6% 0.57% −0.17
CSX CSX Corp. Reduce -20.3% 0.19% −0.14
PFE Pfizer Inc. Reduce -25.8% 0.17% −0.12
KVUE Kenvue Inc. Reduce -28.9% 0.11% −0.12
META Meta Platforms Inc. Class A Reduce -18.1% 0.21% −0.10
AAPL Apple Inc. Reduce -1.2% 2.63% −0.10
BA The Boeing Co. Reduce -2.7% 0.25% −0.09
SPTI SS SPDR P Int Term TSY ETF Reduce -8.3% 0.22% −0.09
CMI Cummins Inc. Reduce -0.3% 0.20% −0.07
GE General Electric Reduce -2.6% 0.16% −0.07
COP Conocophillips Reduce -2.4% 0.13% −0.06
GOOG Alphabet Inc. Class C Reduce -0.6% 0.95% −0.05
IEF iShares 7-10 Year Treasury B Reduce -8.5% 0.12% −0.05
MDT Medtronic PLC Reduce -3.3% 0.10% −0.04
OGN Organon & Co. Reduce -98.0% 0.00% −0.04
PYPL PayPal Holdings Inc. Reduce -2.4% 0.09% −0.04
MDLZ Mondelez International Inc. Class A Reduce -1.7% 0.11% −0.04
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -13.6% 0.07% −0.04
SJNK SS SPDR BB St Hi Yield ETF Reduce -7.4% 0.09% −0.03
CMG Chipotle Mexican Grill Inc. Reduce -8.8% 0.11% −0.03
OTIS Otis Worldwide Corp. Reduce -0.3% 0.09% −0.03
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -20.2% 0.04% −0.03
USHY iShares Broad Usd High Yield Reduce -8.4% 0.05% −0.02
VGSH Vanguard Short-Term Treasury Reduce -26.7% 0.03% −0.02
PINS Pinterest Inc. Class A Reduce -37.3% 0.03% −0.02
MCD McDonald's Corp. Reduce -3.4% 0.03% −0.01
KEYS Keysight Technologies Inc. Reduce -60.2% 0.01% −0.01

Portfolio Buys Q1 2024 → Q2 2024
IGSB iShares 1-5Y Inv Grade Corp. Add +8440.2% 8.81% +8.68
IGIB iShares 5-10Y Inv Grade Corp. Add +3499.3% 7.30% +7.04
VCLT Vanguard Long-Term Corp. Bond Add +4060.3% 3.97% +3.85
EEM iShares MSCI Emerging Market Add +106.1% 0.90% +0.37
EXPE Expedia Group Inc. Add +280.1% 0.33% +0.21
PFF iShares Preferred & Income S Add +144.5% 0.21% +0.10
C Citigroup Inc. Add +71.7% 0.28% +0.08
SCHW Schwab (charles) Corp. Add +54.5% 0.30% +0.06
VPU Vanguard Utilities ETF New 0.03% +0.03
AMD Advanced Micro Devices Add +52.2% 0.27% +0.02
SGOV iShares 0-3 Month Treasury B New 0.02% +0.02
TIP iShares Tips Bond ETF New 0.01% +0.01
GAB Gabelli Equity Trust New 0.01% +0.01
AMJB Alerian MLP ETN2044 New 0.01% +0.01
BAB Invesco Taxable Municipal Bo New 0.01% +0.01
MPLX MPLX LP Add +35.8% 0.03% +0.00
SUN Sunoco LP New 0.00% +0.00
PTY PIMCO Corporate & Income Opp New 0.00% +0.00
TLT iShares 20+ Year Treasury BD New 0.00% +0.00
USAC USA Compression Partners LP New 0.00% +0.00
ARDC Ares Dynamic Credit All New 0.00% +0.00
XAWFX Alliancebernstein GL Hi Inc. New 0.00% +0.00
BST BlackRock Science & Tech TR New 0.00% +0.00
EPD Enterprise Products Partners Add +33.8% 0.02% +0.00
OTLY Oatly Group AB New 0.00% +0.00
UTG Reaves Utility Income Fund New 0.00% +0.00
GRX Gabelli Healthcare & Well New 0.00% +0.00
NGL NGL Energy Partners LP New 0.00% +0.00
ET Energy Transfer LP Add +22.7% 0.01% 0.00
VRP Invesco Variable Rate Prefer Add +17.1% 0.01% −0.00
DBSDY DBS Group Holdings-Spon ADR Add +9.1% 0.01% −0.00
SCCO Southern Copper Corp. Add +1.0% 0.01% −0.00
BKLN Invesco Senior Loan ETF Add +8.4% 0.07% −0.01
VMBS Vanguard Mortgage-Backed Sec Add +5.1% 0.10% −0.02
EOG EOG Resources Inc. Add +2.1% 0.15% −0.04
ROP Roper Technologies Inc. Add +1.8% 0.18% −0.04
PAYC Paycom Software Inc. Add +2.1% 0.06% −0.04
MA Mastercard Inc. Class A Add +0.4% 0.14% −0.05
USB US Bancorp Add +1.9% 0.14% −0.05
QCOM Qualcomm Inc. Add +0.9% 0.90% −0.05
DNP DNP Select Income Fund Inc. Add +0.4% 0.15% −0.06
ZBRA Zebra Technologies Corp. Class A Add +2.8% 0.37% −0.07
MRSH Marsh & McLennan Cos Add +0.3% 0.41% −0.09
EMR Emerson Electric Co. Add +0.5% 0.48% −0.14
AMZN Amazon.com Inc. Add +6.7% 1.51% −0.15
CVX Chevron Corp. Add +0.0% 0.84% −0.23
V Visa Inc. Class A Add +0.3% 0.96% −0.32
JNJ Johnson & Johnson Add +2.8% 1.00% −0.33
MRK Merck & Co. Inc. Add +0.1% 0.96% −0.33
HON Honeywell International Inc. Add +0.2% 1.67% −0.35

Notes & Other Activity Q1 2024 → Q2 2024
ENBRIDGE INC (ENBCN V5.85792 PERP L) PFD New 177 $4K
READY CAPITAL CORP (RC 6.25 PERP C) 6.25 CNV PFD C Sold out 170 $3Kbefore exit
BROOKFIELD PROP PFD LP (BPY 6.25 07/26/81) Common Stock Sold out 26 $390before exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 388$370.6MSPY, GOOGL, MSFT, AVGO, JPM
Q1 2026 383$324.9MSPY, MSFT, GOOGL, AVGO, JPM
Q4 2025 398$345.6MSPY, MSFT, GOOGL, AVGO, JPM
Q3 2025 394$334.8MMSFT, SPY, AVGO, GOOGL, JPM
Q2 2025 399$314.8MMSFT, SPY, AVGO, GOOGL, JPM
Q1 2025 403$309.3MSPY, MSFT, IGSB, GOOGL, JPM
Q4 2024 407$356.1MIGSB, SPY, MSFT, IGIB, AVGO
Q3 2024 409$361.0MIGSB, IGIB, SPY, MSFT, VCLT
Q2 2024 413$346.3MIGSB, IGIB, MSFT, SPY, VCLT
Q1 2024Amended 411$274.9MSPY, MSFT, LLY, AVGO, GOOGL