Boyd Watterson Asset Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 3, 2025), Boyd Watterson Asset Management LLC reported 407 stock positions worth $356.1 million. Its top holding was iShares 1-5Y Inv Grade (IGSB) at 7.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 6.4%) and Microsoft (MSFT, 6.1%). Compared with Q3 2024, it opened 5 new positions, sold out of 7, added to 34 and reduced 89. The biggest buy was Amazon.com (AMZN, shares +8%) and the biggest sale iShares 1-5Y Inv Grade (IGSB, shares −15%).

Most Recent 13F
Q2 2026
Location
CLEVELAND, OH
CIK
0001121477
Portfolio Value
$356.1M (Q4 2024)
SEC Filing
0001121477-25-000002 ↗ filed Feb 3, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $274.9M Q1 2024 Q2 2024: $346.3M Q2 2024 Q3 2024: $361.0M Q3 2024 Q4 2024: $356.1M $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 407 stocks · $356.1M
IGSB iShares 1-5Y Inv Grade Corp. 7.33% 504,683 $26.1M Reduce -15.4%
SPY SS SPDR S&P 500 ETF Trust-US 6.35% 38,592 $22.6M Reduce -0.9%
MSFT Microsoft Corp. 6.13% 51,829 $21.8M Reduce -0.1%
IGIB iShares 5-10Y Inv Grade Corp. 5.99% 414,062 $21.3M Reduce -16.0%
AVGO Broadcom Inc. 3.90% 59,914 $13.9M Reduce -3.5%
GOOGL Alphabet Inc. Class A 3.27% 61,516 $11.6M Reduce -0.2%
VCLT Vanguard Long-Term Corp. Bond 3.19% 151,842 $11.4M Reduce -16.4%
AAPL Apple Inc. 3.00% 42,730 $10.7M Reduce -0.8%
JPM JPMorgan Chase & Co. 2.62% 38,991 $9.3M Reduce -0.1%
LLY Eli Lilly & Co. 2.49% 11,488 $8.9M Reduce -2.2%
AXP American Express Co. 2.35% 28,188 $8.4M Reduce -0.6%
MDY State Street SPDR S&P Midcap 2.23% 13,936 $7.9M Add +1.9%
ETN Eaton Corp. PLC 2.22% 23,779 $7.9M Add +1.3%
HON Honeywell International Inc. 1.87% 29,411 $6.6M Add +8.5%
AMZN Amazon.com Inc. 1.84% 29,903 $6.6M Add +7.9%
XOM Exxon Mobil Corp. 1.50% 49,776 $5.4M Reduce -0.0%
MBB iShares MBS ETF 1.37% 53,170 $4.9M Reduce -4.5%
V Visa Inc. Class A 1.31% 14,750 $4.7M Add +8.0%
ABBV Abbvie Inc. 1.29% 25,884 $4.6M Add +2.3%
VOO Vanguard S&P 500 ETF 1.23% 8,097 $4.4M No change
NVDA Nvidia Corp. 1.13% 30,080 $4.0M No change
CAT Caterpillar Inc. 1.09% 10,729 $3.9M Reduce -0.0%
CRWD CrowdStrike Holdings Inc. Class A 1.00% 10,458 $3.6M Add +1.8%
PH Parker Hannifin Corp. 0.99% 5,551 $3.5M Reduce -1.3%
IOO iShares Global 100 ETF 0.98% 34,698 $3.5M Reduce -11.8%
GOOG Alphabet Inc. Class C 0.90% 16,880 $3.2M No change
PG The Procter & Gamble Co. 0.88% 18,639 $3.1M No change
MRK Merck & Co. Inc. 0.86% 30,881 $3.1M Add +5.2%
EEM iShares MSCI Emerging Market 0.85% 72,639 $3.0M Reduce -0.1%
SHOP Shopify Inc. Class A 0.80% 26,664 $2.8M Reduce -0.4%
IJR iShares Core S&P Small-Cap E 0.77% 23,850 $2.7M No change
CVX Chevron Corp. 0.77% 18,910 $2.7M Reduce -0.3%
LIN Linde PLC 0.77% 6,511 $2.7M Reduce -0.2%
QCOM Qualcomm Inc. 0.70% 16,248 $2.5M Reduce -8.7%
JNJ Johnson & Johnson 0.69% 17,077 $2.5M Reduce -31.8%
SCHD Schwab US DVD Equity ETF 0.69% 89,993 $2.5M Add +11.5%
PYPL PayPal Holdings Inc. 0.68% 28,465 $2.4M Add +35.3%
BMY Bristol-Myers Squibb Co. 0.67% 42,420 $2.4M No change
ABT Abbott Laboratories 0.65% 20,461 $2.3M No change
GS Goldman Sachs Group Inc. 0.64% 3,969 $2.3M No change
CRM Salesforce Inc. 0.64% 6,781 $2.3M Reduce -2.9%
BKNG Booking Holdings Inc. 0.63% 455 $2.3M Reduce -6.2%
PAYC Paycom Software Inc. 0.62% 10,816 $2.2M Add +0.0%
TMO Thermo Fisher Scientific Inc. 0.62% 4,256 $2.2M Reduce -0.1%
C Citigroup Inc. 0.61% 30,992 $2.2M Add +12.4%
ORLY O'reilly Automotive Inc. 0.58% 1,732 $2.1M Reduce -1.4%
EXPE Expedia Group Inc. 0.58% 11,022 $2.1M Add +20.0%
HD Home Depot Inc. 0.55% 5,036 $2.0M Reduce -0.1%
EFA iShares MSCI Eafe ETF 0.53% 25,097 $1.9M No change
EMR Emerson Electric Co. 0.52% 15,046 $1.9M Reduce -0.4%
CMG Chipotle Mexican Grill Inc. 0.48% 28,619 $1.7M Add +3.4%
PEP Pepsico Inc. 0.48% 11,258 $1.7M Reduce -22.9%
ZBRA Zebra Technologies Corp. Class A 0.45% 4,127 $1.6M Reduce -0.2%
KO The Coca-Cola Co. 0.43% 24,522 $1.5M No change
TT Trane Technologies PLC 0.41% 3,938 $1.5M No change
MRSH Marsh & McLennan Cos 0.39% 6,574 $1.4M Reduce -2.3%
PSX Phillips 66 0.36% 11,359 $1.3M Add +2.3%
CI The Cigna Group 0.35% 4,453 $1.2M No change
NEE Nextera Energy Inc. 0.34% 17,048 $1.2M Reduce -0.3%
TGT Target Corp. 0.32% 8,422 $1.1M Reduce -0.1%
ETSY Etsy Inc. 0.31% 20,716 $1.1M New
BRK.B Berkshire Hathaway Inc. Class B 0.27% 2,125 $963K Add +1600.0%
TXN Texas Instruments Inc. 0.26% 4,918 $922K Add +25.5%
JAAA Janus Henderson Aaa Clo ETF 0.26% 18,000 $913K Add +5.9%
CMI Cummins Inc. 0.24% 2,474 $862K Reduce -0.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.24% 2,089 $857K No change
TRV The Travelers Cos Inc. 0.24% 3,538 $852K No change
MDLZ Mondelez International Inc. Class A 0.24% 14,147 $845K Add +222.6%
SCHW Schwab (charles) Corp. 0.24% 11,390 $843K Reduce -38.3%
META Meta Platforms Inc. Class A 0.23% 1,405 $823K Reduce -1.0%
IJH iShares Core S&P Midcap ETF 0.23% 13,172 $821K No change
APD Air Products & Chemicals Inc. 0.22% 2,698 $783K Reduce -0.2%
BA The Boeing Co. 0.21% 4,266 $755K No change
SPTI SS SPDR P Int Term TSY ETF 0.21% 26,742 $746K Reduce -6.2%
PFF iShares Preferred & Income S 0.20% 22,656 $712K Reduce -0.2%
SYF Synchrony Financial 0.19% 10,568 $687K No change
RTX RTX Corp. 0.19% 5,913 $684K Reduce -11.8%
UPS United Parcel Service Class B 0.18% 5,210 $657K No change
REGN Regeneron Pharmaceuticals 0.18% 905 $645K Reduce -24.0%
DNP DNP Select Income Fund Inc. 0.18% 72,654 $641K Add +16.6%
CSCO Cisco Systems Inc. 0.18% 10,750 $636K Reduce -0.2%
CSX CSX Corp. 0.18% 19,549 $631K Reduce -0.2%
CARR Carrier Global Corp. 0.17% 9,110 $622K Reduce -0.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.17% 5,000 $604K New
INTC Intel Corp. 0.17% 29,794 $597K Reduce -0.1%
DHR Danaher Corp. 0.16% 2,500 $574K Reduce -0.2%
USB US Bancorp 0.16% 11,973 $573K No change
PFE Pfizer Inc. 0.16% 21,514 $571K Reduce -0.1%
MA Mastercard Inc. Class A 0.16% 1,070 $563K Reduce -5.6%
ROP Roper Technologies Inc. 0.16% 1,076 $559K Reduce -0.7%
EOG EOG Resources Inc. 0.16% 4,538 $556K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 2,507 $551K Reduce -0.2%
SHEL Shell PLC-ADR 0.15% 8,605 $539K No change
LOW Lowe's Cos Inc. 0.15% 2,100 $518K No change
OXY Occidental Petroleum Corp. 0.14% 10,027 $495K Add +37037.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 10,500 $461K Reduce -0.2%
BLK BlackRock Inc. 0.13% 448 $460K Reduce -0.2%
HPQ HP Inc. 0.13% 13,813 $451K Reduce -0.1%
KVUE Kenvue Inc. 0.13% 21,026 $449K Reduce -0.5%
DELL Dell Technologies -C 0.13% 3,887 $448K Add +17.5%
WMT Walmart Inc. 0.12% 4,821 $436K Reduce -5.9%
GEV GE Vernova Inc. 0.12% 1,259 $414K Add +60.0%
SHY iShares 1-3 Year Treasury Bo 0.12% 5,000 $410K No change
COP Conocophillips 0.11% 4,003 $397K Reduce -0.2%
IEF iShares 7-10 Year Treasury B 0.11% 4,281 $396K Add +6.3%
MCK McKesson Corp. 0.10% 620 $353K Reduce -0.3%
SJNK SS SPDR BB St Hi Yield ETF 0.10% 13,646 $345K Add +12.3%
AMD Advanced Micro Devices 0.09% 2,770 $335K Reduce -9.8%
VZ Verizon Communications Inc. 0.09% 8,024 $321K Reduce -0.2%
ITW Illinois Tool Works 0.09% 1,260 $319K No change
WFC Wells Fargo & Co. 0.08% 4,291 $301K No change
VMBS Vanguard Mortgage-Backed Sec 0.08% 6,594 $299K Reduce -6.2%
OTIS Otis Worldwide Corp. 0.08% 3,208 $297K Reduce -0.6%
MDT Medtronic PLC 0.08% 3,611 $288K Reduce -1.0%
FAST Fastenal Co. 0.07% 3,696 $266K No change
AVB Avalonbay Communities Inc. 0.07% 1,191 $262K Reduce -0.3%
MS Morgan Stanley 0.07% 2,083 $262K Reduce -0.3%
BKLN Invesco Senior Loan ETF 0.07% 12,073 $254K Add +14.2%
AMGN Amgen Inc. 0.07% 976 $254K Reduce -0.7%
GE General Electric filed as GE AEROSPACE 0.07% 1,523 $254K Reduce -56.0%
AMP Ameriprise Financial Inc. 0.07% 450 $240K Reduce -0.9%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.06% 8,776 $230K Add +3.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.06% 533 $227K No change
NFLX Netflix Inc. 0.06% 240 $214K No change
EXC Exelon Corp. 0.05% 4,808 $181K Reduce -0.8%
KLAC KLA Corp. 0.05% 286 $180K No change
KMI Kinder Morgan Inc. 0.05% 6,506 $178K Reduce -0.9%
OKE Oneok Inc. 0.05% 1,659 $167K No change
USHY iShares Broad Usd High Yield 0.05% 4,486 $165K Reduce -6.2%
UNH Unitedhealth Group Inc. 0.05% 318 $161K No change
MMM 3M Co. 0.04% 1,167 $151K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.04% 1,905 $150K Reduce -23.4%
JNK SS SPDR BB High Yield Bond 0.04% 1,541 $147K Add +3658.5%
PAYX Paychex Inc. 0.04% 909 $127K No change
TFC Truist Financial Corp. 0.03% 2,858 $124K Reduce -1.0%
CL Colgate-Palmolive Co. 0.03% 1,350 $123K No change
XLF SS Financial Select Sector 0.03% 2,506 $121K Add +401.2%
ORCL Oracle Corp. 0.03% 719 $120K No change
MCD McDonald's Corp. 0.03% 412 $119K No change
IR Ingersoll-Rand Inc. 0.03% 1,314 $119K No change
MPLX MPLX LP 0.03% 2,465 $118K No change
SYY Sysco Corp. 0.03% 1,525 $117K No change
SPGI S&P Global Inc. 0.03% 233 $116K No change
PPG PPG Industries Inc. 0.03% 965 $115K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.03% 1,032 $110K Add +3.2%
VPU Vanguard Utilities ETF 0.03% 635 $104K No change
TAP Molson Coors Beverage Co. Class B 0.03% 1,750 $100K No change
WM Waste Management Inc. 0.03% 493 $99K No change
T AT&T Inc. 0.03% 4,173 $95K No change
VTRS Viatris Inc. 0.03% 7,455 $93K Reduce -2.0%
HCA HCA Healthcare Inc. 0.02% 292 $88K No change
SO The Southern Co. 0.02% 1,036 $85K No change
IUSV iShares Core S&P U.S. Value 0.02% 900 $83K No change
VGSH Vanguard Short-Term Treasury 0.02% 1,429 $83K Reduce -5.8%
YUM Yum! Brands Inc. 0.02% 610 $82K No change
KMB Kimberly-Clark Corp. 0.02% 594 $78K No change
MO Altria Group Inc. 0.02% 1,465 $77K No change
DUK Duke Energy Corp. 0.02% 675 $73K No change
PSA Public Storage 0.02% 240 $72K No change
PGR Progressive Corp. 0.02% 299 $72K Reduce -10.5%
ZBH Zimmer Biomet Holdings Inc. 0.02% 675 $71K No change
FLOT iShares Floating Rate Bond E 0.02% 1,392 $71K Add +227.5%
TSM Taiwan Semiconductor-SP ADR 0.02% 354 $70K No change
DRI Darden Restaurants Inc. 0.02% 362 $68K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 1,760 $67K Add +66.0%
NUE Nucor Corp. 0.02% 552 $64K No change
CB Chubb Ltd. 0.02% 226 $62K No change
EPD Enterprise Products Partners 0.02% 1,980 $62K No change
WAT Waters Corp. 0.02% 160 $59K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 56 $59K No change
MPC Marathon Petroleum Corp. 0.02% 406 $57K No change
VNQ Vanguard Real Estate ETF 0.02% 634 $56K No change
UNP Union Pacific Corp. 0.02% 237 $54K No change
MSI Motorola Solutions Inc. 0.01% 114 $53K No change
CAH Cardinal Health Inc. 0.01% 425 $50K No change
TEL Te Connectivity PLC 0.01% 350 $50K No change
AON Aon PLC Class A 0.01% 138 $50K No change
MITSY Mitsui & Co. Ltd.-Spons ADR 0.01% 115 $48K No change
LVMUY LVMH Moet Hennessy-Unsp ADR 0.01% 361 $48K No change
CINF Cincinnati Financial Corp. 0.01% 313 $45K No change
LMT Lockheed Martin Corp. 0.01% 91 $44K No change
VGT Vanguard Info Tech ETF 0.01% 71 $44K Reduce -1.4%
VLO Valero Energy Corp. 0.01% 352 $43K No change
FITB Fifth Third Bancorp 0.01% 1,019 $43K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 600 $43K No change
AEP American Electric Power 0.01% 460 $42K No change
GIS General Mills Inc. 0.01% 652 $42K No change
ABBNY Abb Ltd.-Spon ADR 0.01% 755 $41K No change
UL Unilever PLC 0.01% 718 $41K No change
RHI Robert Half Inc. 0.01% 574 $40K No change
FIS Fidelity National Info Serv 0.01% 500 $40K No change
MUB iShares National Muni Bond E 0.01% 375 $40K No change
COR Cencora Inc. 0.01% 177 $40K No change
NI Nisource Inc. 0.01% 1,076 $40K No change
DBSDY DBS Group Holdings-Spon ADR 0.01% 304 $39K No change
PM Philip Morris International 0.01% 322 $39K No change
ALIZY Allianz SE - Unsp ADR 0.01% 1,260 $39K No change
BAESY Bae Systems PLC -Spon ADR 0.01% 670 $39K No change
SCCO Southern Copper Corp. 0.01% 416 $38K Add +0.5%
PEG Public Service Enterprise GP 0.01% 448 $38K No change
PINS Pinterest Inc. Class A 0.01% 1,300 $38K No change
CEG Constellation Energy 0.01% 167 $37K No change
IHG Intercontinental Hotels-ADR 0.01% 297 $37K No change
CNP Centerpoint Energy Inc. 0.01% 1,132 $36K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 320 $36K No change
MDXG Mimedx Group Inc. 0.01% 3,670 $35K No change
VEU Vanguard Ftse All-World Ex-U 0.01% 607 $35K No change
SUB iShares Short-Term National 0.01% 329 $35K No change
STIP iShares 0-5 Year Tips Bond E 0.01% 329 $33K No change
TM Toyota Motor Corp. -Spon ADR 0.01% 170 $33K No change
MUFG Mitsubishi Ufj Finl-Spon ADR 0.01% 2,777 $33K No change
AXAHY AXA -Spons ADR 0.01% 897 $32K No change
VWO Vanguard Ftse Emerging Marke 0.01% 700 $31K No change
FISV Fiserv Inc. 0.01% 149 $31K No change
ED Consolidated Edison Inc. 0.01% 339 $30K No change
COF Capital One Financial Corp. 0.01% 169 $30K No change
D Dominion Energy Inc. 0.01% 557 $30K No change
DFS Discover Financial Services 0.01% 173 $30K No change
VCR Vanguard Consumer Discre ETF 0.01% 79 $30K Reduce -1.3%
PFG Principal Financial Group 0.01% 383 $30K No change
JCI Johnson Controls Internation 0.01% 365 $29K No change
WELL Welltower Inc. 0.01% 228 $29K No change
NTTYY NTT Inc. - ADR filed as NIPPON TEL & TEL CORP ADR 0.01% 1,140 $29K No change
GAB Gabelli Equity Trust 0.01% 5,280 $28K No change
GPC Genuine Parts Co. 0.01% 242 $28K No change
SIEGY Siemens AG-Spons ADR 0.01% 286 $28K No change
AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC 0.01% 943 $28K No change
IPG Interpublic Group of Cos Inc. 0.01% 982 $28K No change
ET Energy Transfer LP 0.01% 1,385 $27K No change
LNC Lincoln National Corp. 0.01% 850 $27K No change
CWB SS SPDR BB Conv Sec ETF 0.01% 346 $27K New
VRP Invesco Variable Rate Prefer 0.01% 1,099 $27K New
SPG Simon Property Group Inc. 0.01% 153 $26K No change
IP International Paper Co. 0.01% 487 $26K No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.01% 512 $25K No change
IX Orix - Sponsored ADR filed as ORIX CORP 0.01% 234 $25K No change
F Ford Motor Co. filed as FORD MTR CO 0.01% 2,505 $25K No change
NSC Norfolk Southern Corp. 0.01% 104 $24K No change
PAA Plains All Amer Pipeline LP 0.01% 1,423 $24K No change
GBTC Grayscale Bitcoin Trust ETF 0.01% 326 $24K Add +79.1%
BDX Becton Dickinson and Co. 0.01% 106 $24K No change
ENB Enbridge Inc. 0.01% 564 $24K No change
IBDRY Iberdrola SA-Sponsored ADR 0.01% 430 $24K No change
BBWI Bath & Body Works Inc. 0.01% 602 $23K No change
NVS Novartis AG-Sponsored ADR 0.01% 237 $23K No change
BTI British American Tob-SP ADR 0.01% 600 $22K No change
WEC WEC Energy Group Inc. 0.01% 228 $21K No change
KEYS Keysight Technologies Inc. 0.01% 132 $21K No change
KMTUY Komatsu Ltd. -Spons ADR 0.01% 761 $21K No change
OMC Omnicom Group 0.01% 242 $21K No change
ELV Elevance Health Inc. 0.01% 56 $21K No change
INFY Infosys Ltd.-SP ADR 0.01% 928 $20K No change
CVS CVS Health Corp. 0.01% 435 $20K No change
TSLA Tesla Inc. 0.01% 48 $19K No change
NSRGY Nestle SA-Spons ADR 0.01% 233 $19K No change
RIO Rio Tinto PLC-Spon ADR 0.01% 324 $19K No change
AA Alcoa Corp. 0.01% 496 $19K No change
SNY Sanofi-ADR 0.01% 387 $19K No change
FDX FedEx Corp. 0.01% 66 $19K No change
VHT Vanguard Health Care ETF 0.01% 73 $19K Reduce -1.4%
LHX L3HARRIS Technologies Inc. 0.01% 86 $18K No change
TTE Totalenergies SE -Spon ADR 0.01% 329 $18K No change
DEO Diageo PLC-Sponsored ADR 0.01% 141 $18K No change
BHP BHP Group Ltd.-Spon ADR 0.00% 360 $18K No change
TD Toronto-Dominion Bank 0.00% 324 $17K No change
SOLV Solventum Corp. 0.00% 253 $17K Reduce -12.8%
LAZ Lazard Inc. 0.00% 317 $16K No change
EIX Edison International 0.00% 195 $16K No change
DD Dupont DE Nemours Inc. 0.00% 202 $15K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.00% 200 $15K No change
SPLB SS SPDR P Long Term C ETF 0.00% 660 $15K New
WU Western Union Co. 0.00% 1,357 $14K No change
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.00% 1,767 $14K No change
FE Firstenergy Corp. 0.00% 357 $14K No change
IMCB iShares Morningstar Mid-Cap 0.00% 184 $14K No change
VIS Vanguard Industrials ETF 0.00% 55 $14K Reduce -1.8%
CCL Carnival Corp. 0.00% 555 $14K No change
PAGP Plains GP Holdings LP 0.00% 700 $13K No change
DE Deere & Co. 0.00% 30 $13K No change
CAJPY Canon Inc.-Spons ADR 0.00% 382 $13K No change
IDXX Idexx Laboratories Inc. 0.00% 30 $12K No change
VDC Vanguard Consumer Staple ETF 0.00% 57 $12K Reduce -1.7%
BNPQY BNP Paribas-ADR 0.00% 391 $12K No change
CAG Conagra Brands Inc. 0.00% 431 $12K No change
HPE Hewlett Packard Enterprise 0.00% 560 $12K No change
PCY Invesco Emerging Markets Sov 0.00% 600 $12K Reduce -58.2%
CTVA Corteva Inc. 0.00% 202 $12K No change
LYB Lyondellbasell Indu Class A 0.00% 144 $11K No change
BASFY Basf SE-Spon ADR 0.00% 970 $11K No change
GEHC GE Healthcare Technology 0.00% 134 $10K No change
IEX Idex Corp. 0.00% 50 $10K No change
MAT Mattel Inc. 0.00% 584 $10K No change
VFH Vanguard Financials ETF 0.00% 87 $10K Reduce -1.1%
ZTS Zoetis Inc. 0.00% 60 $10K No change
NTRS Northern Trust Corp. 0.00% 95 $10K No change
LW Lamb Weston Holdings Inc. 0.00% 143 $10K No change
WPP WPP PLC-Sponsored ADR 0.00% 185 $10K No change
SMG Scotts Miracle-Gro Co. 0.00% 140 $9K No change
CSQ Calamos Strat TTL RTRN FND 0.00% 500 $9K No change
LEG Leggett & Platt Inc. 0.00% 901 $9K Reduce -36.8%
DOW Dow Inc. 0.00% 212 $9K No change
FBIN Fortune Brands Innovations I 0.00% 123 $8K No change
GSK GSK PLC-Spon ADR 0.00% 245 $8K No change
MET Metlife Inc. 0.00% 100 $8K No change
MU Micron Technology Inc. 0.00% 97 $8K No change
VAW Vanguard Materials ETF 0.00% 42 $8K Reduce -2.3%
VSXY Victoria's Secret & Co. 0.00% 188 $8K No change
VLTO Veralto Corp. 0.00% 75 $8K No change
IDU iShares US Utilities ETF 0.00% 79 $8K Reduce -1.3%
SUN Sunoco LP 0.00% 146 $8K No change
ORI Old Republic Intl Corp. 0.00% 200 $7K No change
PTY PIMCO Corporate & Income Opp 0.00% 500 $7K No change
HMC Honda Motor Co. Ltd.-Spons ADR 0.00% 250 $7K No change
EMB iShares JP Morgan Usd Emergi 0.00% 80 $7K No change
E Eni SPA-Sponsored ADR 0.00% 258 $7K No change
ACN Accenture PLC Class A 0.00% 19 $7K No change
REZI Resideo Technologies Inc. 0.00% 276 $6K No change
WBD Warner Bros Discovery Inc. 0.00% 597 $6K No change
EPSN Epsilon Energy Ltd. 0.00% 1,000 $6K No change
ADX Adams Diversified Equity 0.00% 300 $6K No change
ILMN Illumina Inc. 0.00% 45 $6K No change
FTV Fortive Corp. 0.00% 80 $6K No change
GLW Corning Inc. 0.00% 125 $6K No change
WEX Wex Inc. 0.00% 33 $6K No change
FLR Fluor Corp. 0.00% 116 $6K No change
ROK Rockwell Automation Inc. 0.00% 20 $6K No change
PNR Pentair PLC 0.00% 56 $6K No change
O Realty Income Corp. 0.00% 103 $6K No change
FCX Freeport-McMoran Inc. 0.00% 144 $5K No change
FUN Six Flags Entertainment Corp. 0.00% 100 $5K No change
DFIN Donnelley Financial Solution 0.00% 76 $5K No change
USAC USA Compression Partners LP 0.00% 200 $5K No change
AVY Avery Dennison Corp. 0.00% 25 $5K No change
IVZ Invesco Ltd. 0.00% 267 $5K No change
HOG Harley-Davidson Inc. 0.00% 154 $5K No change
QYLD Global X Nasd 100 Cov Call 0.00% 250 $5K No change
CHTR Charter Communications Inc. Class A 0.00% 13 $4K No change
ADP Automatic Data Processing 0.00% 15 $4K No change
ARDC Ares Dynamic Credit All 0.00% 275 $4K No change
KD Kyndryl Holdings Inc. 0.00% 117 $4K No change
VOD Vodafone Group PLC-SP ADR 0.00% 475 $4K No change
IYZ iShares US Telecommunication 0.00% 150 $4K Reduce -1.3%
VDE Vanguard Energy ETF 0.00% 31 $4K Reduce -3.1%
XAWFX Alliancebernstein GL Hi Inc. 0.00% 350 $4K No change
ARCC Ares Capital Corp. 0.00% 170 $4K No change
CUK Carnival PLC-ADR 0.00% 161 $4K No change
GUT Gabelli Utility Trust 0.00% 720 $4K No change
BST BlackRock Science & Tech TR 0.00% 96 $4K No change
USA Liberty All Star Equity Fund 0.00% 500 $3K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 40 $3K No change
JNPR Juniper Networks Inc. 0.00% 90 $3K No change
UTG Reaves Utility Income Fund 0.00% 100 $3K No change
BXP BXP Inc. 0.00% 41 $3K No change
CDP Copt Defense Properties 0.00% 95 $3K No change
AGG iShares Core U.S. Aggregate 0.00% 30 $3K No change
AFL Aflac Inc. 0.00% 27 $3K No change
NWL Newell Brands Inc. 0.00% 279 $3K No change
DVA Davita Inc. 0.00% 18 $3K No change
CMS CMS Energy Corp. 0.00% 39 $3K No change
HLN Haleon PLC-ADR 0.00% 271 $3K No change
CLF Cleveland-Cliffs Inc. 0.00% 254 $2K No change
AMT American Tower Corp. 0.00% 13 $2K No change
DOV Dover Corp. 0.00% 12 $2K No change
AKAM Akamai Technologies Inc. 0.00% 22 $2K No change
WAB Wabtec Corp. 0.00% 11 $2K No change
DGX Quest Diagnostics Inc. 0.00% 13 $2K No change
PRU Prudential Financial Inc. 0.00% 16 $2K No change
MBC Masterbrand Inc. 0.00% 123 $2K No change
NTAP Netapp Inc. 0.00% 15 $2K No change
WDS Woodside Energy Group-ADR 0.00% 111 $2K No change
VNO Vornado Realty Trust 0.00% 40 $2K No change
SDZNY Sandoz Group AG-ADR 0.00% 40 $2K No change
CTSH Cognizant Tech Solutions-A 0.00% 21 $2K No change
DOC Healthpeak Properties Inc. 0.00% 78 $2K No change
ACLLY Accelleron Industries AG 0.00% 30 $2K No change
BTC Grayscale Bitcoin Mini ETF 0.00% 36 $2K Reduce -1.1%
NGL NGL Energy Partners LP 0.00% 300 $1K No change
PLUG Plug Power Inc. 0.00% 700 $1K No change
GRX Gabelli Healthcare & Well 0.00% 152 $1K No change
OGN Organon & Co. 0.00% 98 $1K No change
NVT Nvent Electric PLC 0.00% 21 $1K No change
ASIX Advansix Inc. 0.00% 49 $1K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.00% 12 $1K No change
NTR Nutrien Ltd. 0.00% 29 $1K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.00% 15 $1K No change
SW Smurfit Westrock PLC 0.00% 23 $1K No change
SONY Sony Group Corp. - SP ADR 0.00% 50 $1K No change
GTX Garrett Motion Inc. 0.00% 116 $1K No change
SWK Stanley Black & Decker Inc. 0.00% 12 $963 No change
VNT Vontier Corp. 0.00% 26 $948 No change
CHRW C.H. Robinson Worldwide Inc. 0.00% 9 $930 No change
FRO Frontline PLC 0.00% 55 $780 No change
CC The Chemours Co. 0.00% 29 $490 No change
SAIC Science Applications Inte 0.00% 4 $447 No change
UE Urban Edge Properties 0.00% 20 $430 No change
TRIP Tripadvisor Inc. 0.00% 24 $354 No change
FCPT Four Corners Property Trust 0.00% 12 $326 No change
ADNT Adient PLC 0.00% 18 $310 No change
JBGS JBG Smith Properties 0.00% 20 $307 No change
GRAL Grail Inc. 0.00% 17 $303 No change
AIG American International Group 0.00% 4 $291 No change
NGVT Ingevity Corp. 0.00% 7 $285 No change
AVNS Avanos Medical Inc. 0.00% 11 $175 No change
RMR RMR Group Inc./the - A 0.00% 7 $144 No change
EMBC Embecta Corp. 0.00% 3 $62 No change
ONL Orion Properties Inc. filed as ORION OFFICE REIT INC 0.00% 10 $37 No change
OPITQ Office Properties Income Tru 0.00% 25 $25 No change
Other holdings (27): bonds, preferreds, convertibles and warrants · $3.6M (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 36,750$706KNo change
HUNTINGTON BANCSHARES (HBAN 4.5 PERP H) PFD 21,300$377KNo change
BRUNSWICK CORP (BC 6.5 10/15/48) PFD 9,338$228KNo change
NATIONAL RURAL UTIL COOP (NRUC 5.5 05/15/64 US) PFD 9,612$218KNo change
NEXTERA ENERGY CAPITAL (NEE 5.65 03/01/79 N) PFD 8,948$208KNo change
SOUTHERN CO (SO 4.2 10/15/60 C) PFD 10,100$189KNo change
REINSURANCE GRP OF AMER (RGA V5.75 06/15/56) PFD 2,366$58KNo 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$20KNo change
KIMCO REALTY CORP (KIM 5.25 PERP M) PFD 655$14KNo change
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock 500$11KNo change
ENBRIDGE INC (ENBCN V5.85792 PERP L) PFD 177$4KNo change
HUNTINGTON BANCSHARES (HBAN V6.875 PERP J) PFD 150$4KNo change
AT&T INC (T 4.75 PERP C) PFD 165$3KNo change
FIFTH THIRD BANCORP (FITB 4.95 PERP K) Common Stock 150$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
UNUM GROUP (UNM 6.25 06/15/58) PFD 125$3KNo change
BANK OF AMERICA CORP (BAC 5 PERP LL) PFD 125$3KNo change
GEORGIA POWER CO (SO 5 10/01/77 2017) COM 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
WELLS FARGO & COMPANY (WFC 5.625 PERP Y) PREFERRED STOCK 100$2KNo change
TRUIST FINANCIAL CORP (TFC 4.75 PERP R) COM 125$2KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 3$83No change

Total filed on the 13F, all lines: $359.7M.

Portfolio Sells Q3 2024 → Q4 2024
IGSB iShares 1-5Y Inv Grade Corp. Reduce -15.4% 7.33% −1.38
IGIB iShares 5-10Y Inv Grade Corp. Reduce -16.0% 5.99% −1.35
VCLT Vanguard Long-Term Corp. Bond Reduce -16.4% 3.19% −0.90
JNJ Johnson & Johnson Reduce -31.8% 0.69% −0.43
LLY Eli Lilly & Co. Reduce -2.2% 2.49% −0.39
PEP Pepsico Inc. Reduce -22.9% 0.48% −0.21
REGN Regeneron Pharmaceuticals Reduce -24.0% 0.18% −0.17
QCOM Qualcomm Inc. Reduce -8.7% 0.70% −0.14
XOM Exxon Mobil Corp. Reduce -0.0% 1.50% −0.11
GE General Electric Reduce -56.0% 0.07% −0.11
MBB iShares MBS ETF Reduce -4.5% 1.37% −0.11
TMO Thermo Fisher Scientific Inc. Reduce -0.1% 0.62% −0.11
IOO iShares Global 100 ETF Reduce -11.8% 0.98% −0.10
LIN Linde PLC Reduce -0.2% 0.77% −0.10
SCHW Schwab (charles) Corp. Reduce -38.3% 0.24% −0.09
EEM iShares MSCI Emerging Market Reduce -0.1% 0.85% −0.07
CAT Caterpillar Inc. Reduce -0.0% 1.09% −0.07
NEE Nextera Energy Inc. Reduce -0.3% 0.34% −0.06
MSFT Microsoft Corp. Reduce -0.1% 6.13% −0.05
AMD Advanced Micro Devices Reduce -9.8% 0.09% −0.05
TGT Target Corp. Reduce -0.1% 0.32% −0.04
JIREF JPM Usd Ultshrt Inc. Act ETF Sold out 0.00% −0.04
RTX RTX Corp. Reduce -11.8% 0.19% −0.03
DHR Danaher Corp. Reduce -0.2% 0.16% −0.03
CARR Carrier Global Corp. Reduce -0.2% 0.17% −0.03
INTC Intel Corp. Reduce -0.1% 0.17% −0.03
MRSH Marsh & McLennan Cos Reduce -2.3% 0.39% −0.02
SPTI SS SPDR P Int Term TSY ETF Reduce -6.2% 0.21% −0.02
SGOV iShares 0-3 Month Treasury B Sold out 0.00% −0.02
AMGN Amgen Inc. Reduce -0.7% 0.07% −0.02
HD Home Depot Inc. Reduce -0.1% 0.55% −0.02
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -23.4% 0.04% −0.01
PFE Pfizer Inc. Reduce -0.1% 0.16% −0.01
HPQ HP Inc. Reduce -0.1% 0.13% −0.01
CSX CSX Corp. Reduce -0.2% 0.18% −0.01
ROP Roper Technologies Inc. Reduce -0.7% 0.16% −0.01
MDT Medtronic PLC Reduce -1.0% 0.08% −0.01
VZ Verizon Communications Inc. Reduce -0.2% 0.09% −0.01
OTIS Otis Worldwide Corp. Reduce -0.6% 0.08% −0.01
KVUE Kenvue Inc. Reduce -0.5% 0.13% −0.01
PFF iShares Preferred & Income S Reduce -0.2% 0.20% −0.01
VMBS Vanguard Mortgage-Backed Sec Reduce -6.2% 0.08% −0.01
IGOV iShares International Treasu Sold out 0.00% −0.01
IHY Vaneck Int High Yield Bond Sold out 0.00% −0.01
COP Conocophillips Reduce -0.2% 0.11% −0.01
PCY Invesco Emerging Markets Sov Reduce -58.2% 0.00% −0.01
CVX Chevron Corp. Reduce -0.3% 0.77% −0.00
PETQ Petiq Inc. Sold out 0.00% −0.00
EXC Exelon Corp. Reduce -0.8% 0.05% −0.00
USHY iShares Broad Usd High Yield Reduce -6.2% 0.05% −0.00

Portfolio Buys Q3 2024 → Q4 2024
AMZN Amazon.com Inc. Add +7.9% 1.84% +0.41
HON Honeywell International Inc. Add +8.5% 1.87% +0.31
ETSY Etsy Inc. New 0.31% +0.31
V Visa Inc. Class A Add +8.0% 1.31% +0.27
BRK.B Berkshire Hathaway Inc. Class B Add +1600.0% 0.27% +0.25
PYPL PayPal Holdings Inc. Add +35.3% 0.68% +0.23
CRWD CrowdStrike Holdings Inc. Class A Add +1.8% 1.00% +0.21
EXPE Expedia Group Inc. Add +20.0% 0.58% +0.20
TJX TJX Companies Inc. New 0.17% +0.17
MDLZ Mondelez International Inc. Class A Add +222.6% 0.24% +0.15
OXY Occidental Petroleum Corp. Add +37037.0% 0.14% +0.14
C Citigroup Inc. Add +12.4% 0.61% +0.13
PAYC Paycom Software Inc. Add +0.0% 0.62% +0.12
MDY State Street SPDR S&P Midcap Add +1.9% 2.23% +0.07
ETN Eaton Corp. PLC Add +1.3% 2.22% +0.06
GEV GE Vernova Inc. Add +60.0% 0.12% +0.06
SCHD Schwab US DVD Equity ETF Add +11.5% 0.69% +0.06
CMG Chipotle Mexican Grill Inc. Add +3.4% 0.48% +0.04
JNK SS SPDR BB High Yield Bond Add +3658.5% 0.04% +0.04
TXN Texas Instruments Inc. Add +25.5% 0.26% +0.03
XLF SS Financial Select Sector Add +401.2% 0.03% +0.03
DELL Dell Technologies -C Add +17.5% 0.13% +0.02
JAAA Janus Henderson Aaa Clo ETF Add +5.9% 0.26% +0.02
FLOT iShares Floating Rate Bond E Add +227.5% 0.02% +0.01
SJNK SS SPDR BB St Hi Yield ETF Add +12.3% 0.10% +0.01
BKLN Invesco Senior Loan ETF Add +14.2% 0.07% +0.01
CWB SS SPDR BB Conv Sec ETF New 0.01% +0.01
VRP Invesco Variable Rate Prefer New 0.01% +0.01
DNP DNP Select Income Fund Inc. Add +16.6% 0.18% +0.01
SLB SLB Ltd. Add +66.0% 0.02% +0.01
GBTC Grayscale Bitcoin Trust ETF Add +79.1% 0.01% +0.00
SPLB SS SPDR P Long Term C ETF New 0.00% +0.00
IEF iShares 7-10 Year Treasury B Add +6.3% 0.11% +0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +3.2% 0.03% −0.00
SCCO Southern Copper Corp. Add +0.5% 0.01% −0.00
SPTL SS SPDR PF LNG TRM TSY E-Usd Add +3.9% 0.06% −0.00
PSX Phillips 66 Add +2.3% 0.36% −0.04
MRK Merck & Co. Inc. Add +5.2% 0.86% −0.06
ABBV Abbvie Inc. Add +2.3% 1.29% −0.09

Notes & Other Activity Q3 2024 → Q4 2024
ZIONS BANCORP NA (ZION V0 PERP G) COM Sold out 500 $13Kbefore exit
GABELLI UTILITY TRUST/THE RIGHT 10/21/2024 Sold out 720 $20before 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