Brookstone Capital Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 15, 2026), Brookstone Capital Management reported 1,162 stock positions worth $8.7 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 3.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 2.9%) and Vanguard Mrngstar GR ETF-Sui (VUG, 2.3%). Compared with Q3 2025, it opened 112 new positions, sold out of 82, added to 593 and reduced 443. The biggest buy was Innovator U.S. Equity Ultra (UOCT, shares +2011%) and the biggest sale Innovator U.S. Equity Ultra (UMAR, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- WHEATON, IL
- CIK
- 0001599584
- Portfolio Value
- $8.7B (Q4 2025)
- SEC Filing
- 0001062993-26-000271 ↗ filed Jan 15, 2026
Holdings Value
Holdings 1,162 stocks · $8.7B
| QQQ Invesco QQQ Trust Series 1 | 3.48% | 495,804 | $304.6M | Add +10.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.86% | 366,316 | $249.8M | Add +2.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.28% | 409,394 | $199.7M | Add +1.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.27% | 1,037,193 | $198.1M | Add +7.5% |
| NVDA Nvidia Corp. | 1.99% | 933,131 | $174.0M | Add +1.0% |
| AAPL Apple Inc. | 1.76% | 564,466 | $153.5M | Reduce -2.8% |
| BAMG Brookstone Growth Stock ETF | 1.45% | 3,156,445 | $126.7M | Reduce -2.4% |
| IVV iShares Core S&P 500 ETF | 1.38% | 176,687 | $121.0M | Add +4.3% |
| AMZN Amazon.com Inc. | 1.35% | 512,305 | $118.3M | Add +5.6% |
| MSFT Microsoft Corp. | 1.22% | 221,362 | $107.1M | Add +4.1% |
| AGG iShares Core U.S. Aggregate | 1.11% | 969,348 | $96.8M | Add +29.9% |
| BAMV Brookstone Value Stock ETF | 1.04% | 2,801,127 | $90.8M | Reduce -3.2% |
| BAMD Brookstone Div Stock ETF | 0.99% | 2,889,707 | $86.7M | Reduce -6.1% |
| VOO Vanguard S&P 500 ETF | 0.96% | 133,805 | $83.9M | Add +8.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.94% | 914,163 | $81.8M | Add +7.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.92% | 854,348 | $80.4M | Reduce -5.2% |
| IEMG iShares Core MSCI Emerging | 0.90% | 1,167,273 | $78.5M | Add +10.8% |
| GOOGL Alphabet Inc. Class A | 0.89% | 248,721 | $77.8M | Reduce -12.1% |
| UDEC Innovator U.S. Equity Ultra | 0.85% | 1,875,251 | $74.3M | Add +136.0% |
| VIG Vanguard Dividend Apprec ETF | 0.83% | 329,974 | $72.5M | Add +3.3% |
| BAMU Brookstone Ultrashrt BND ETF | 0.78% | 2,716,336 | $68.3M | Reduce -1.5% |
| UAUG Innovator U.S. Equity Ultra | 0.77% | 1,675,549 | $66.9M | Add +1.6% |
| GLD SPDR Gold Shares | 0.76% | 167,937 | $66.6M | Reduce -2.3% |
| IWM iShares Russell 2000 ETF | 0.75% | 266,742 | $65.7M | Reduce -0.5% |
| UOCT Innovator U.S. Equity Ultra | 0.75% | 1,669,155 | $65.2M | Add +2011.4% |
| UNOV Innovator U.S. Equity Ultra | 0.74% | 1,695,601 | $64.5M | Add +1901.5% |
| VEA Vanguard Ftse Developed ETF | 0.73% | 1,024,040 | $64.0M | Add +10.3% |
| USEP Innovator U.S. Equity Ultra | 0.73% | 1,618,090 | $63.6M | Add +1.8% |
| BAMB Brookstone Intermd Bond ETF | 0.69% | 2,276,118 | $60.0M | Reduce -0.7% |
| TSLA Tesla Inc. | 0.61% | 117,765 | $53.0M | Reduce -7.2% |
| META Meta Platforms Inc. Class A | 0.61% | 80,197 | $52.9M | Add +20.9% |
| PNOV Innovator U.S. Equity Power | 0.60% | 1,247,662 | $52.1M | Add +971.4% |
| RSP Invesco S&P 500 Equal Weight | 0.59% | 269,874 | $51.7M | Add +2.5% |
| TFLO iShares Treasury Floating Ra | 0.58% | 1,002,671 | $50.6M | Add +0.1% |
| JEPI JPMorgan Equity Premium Inco | 0.56% | 859,926 | $49.2M | Add +4.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.56% | 605,575 | $48.6M | Reduce -3.7% |
| MSTB Lha Market State Tactical | 0.53% | 1,168,790 | $46.7M | Add +9.4% |
| LLY Eli Lilly & Co. | 0.51% | 41,804 | $44.9M | Reduce -9.8% |
| BAMA Brookstone Active ETF | 0.49% | 1,251,678 | $42.4M | Reduce -3.2% |
| BKAG BNY Mellon Core Bond ETF | 0.48% | 986,411 | $41.8M | Add +1.1% |
| BAMO Brookstone Opportunities ETF | 0.45% | 1,206,257 | $39.3M | Reduce -3.5% |
| POCT Innovator U.S. Equity Power | 0.45% | 893,154 | $39.2M | Add +340.7% |
| BAMY Brookstone Yield ETF | 0.44% | 1,393,299 | $38.7M | Reduce -2.7% |
| SPLV Invesco S&P 500 Low Volatili | 0.44% | 537,524 | $38.4M | Reduce -3.8% |
| PAUG Innovator U.S. Equity Power | 0.44% | 884,459 | $38.3M | Reduce -1.9% |
| IBTH iShares Ibonds Dec 2027 Term | 0.44% | 1,701,726 | $38.2M | Add +15152.5% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.43% | 1,728,453 | $37.9M | New |
| FBND Fidelity Total Bond ETF | 0.42% | 806,708 | $37.1M | Add +12.2% |
| PDEC Innovator U.S. Equity Power | 0.42% | 840,921 | $36.5M | Add +412.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.41% | 392,883 | $35.9M | Reduce -12.3% |
| PSEP Innovator U.S. Equity Power | 0.40% | 805,750 | $35.2M | Reduce -2.4% |
| CAT Caterpillar Inc. | 0.40% | 61,031 | $35.0M | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 0.40% | 107,609 | $34.7M | Add +5.1% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.39% | 997,857 | $34.2M | Add +9.6% |
| XYLD Global X S&P 500 Cove Call E | 0.38% | 827,203 | $33.6M | Add +2.2% |
| SGOV iShares 0-3 Month Treasury B | 0.38% | 332,517 | $33.4M | Add +12.6% |
| ESGU iShares ESG Aware MSCI USA | 0.38% | 223,718 | $33.3M | Add +8.5% |
| WMT Walmart Inc. | 0.38% | 296,626 | $33.0M | Add +9.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.38% | 70,276 | $32.9M | Reduce -7.0% |
| BDEC Innovator U.S. Equity Buffer | 0.37% | 654,744 | $32.4M | Add +611.4% |
| TBLL Invesco Short Term Treasury | 0.36% | 301,814 | $31.9M | Add +3.7% |
| BSCU Invesco Bulletshares 2030 CB | 0.36% | 1,869,646 | $31.6M | New |
| VGSH Vanguard Short-Term Treasury | 0.35% | 523,056 | $30.7M | Reduce -1.7% |
| BALT Inn Defined Wealth Shield | 0.35% | 916,528 | $30.7M | Add +18.8% |
| DRSK Aptus Defined Risk ETF | 0.35% | 1,077,889 | $30.7M | Add +0.8% |
| IBTI iShares Ibonds Dec 2028 Term | 0.35% | 1,369,553 | $30.6M | New |
| IVE iShares S&P 500 Value ETF | 0.35% | 143,272 | $30.4M | Add +33.8% |
| BAUG Innovator U.S. Equity Buffer | 0.35% | 603,489 | $30.2M | Add +6.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.34% | 116,671 | $30.1M | Add +8.1% |
| BSCQ Invesco Bulletshares 2026 CB | 0.34% | 1,509,875 | $29.6M | Add +2.3% |
| MBB iShares MBS ETF | 0.34% | 308,428 | $29.4M | Add +3.2% |
| BSCR Invesco Bulletshares 2027 CB | 0.34% | 1,487,744 | $29.4M | Add +1.6% |
| IVW iShares S&P 500 Growth ETF | 0.33% | 237,167 | $29.2M | Add +5.7% |
| BSEP Innovator U.S. Equity Buffer | 0.33% | 592,519 | $29.2M | Add +5.6% |
| XOM Exxon Mobil Corp. | 0.33% | 242,351 | $29.2M | Reduce -3.1% |
| BNOV Innovator U.S. Equity Buffer | 0.33% | 651,205 | $29.0M | Add +4858.9% |
| MOAT Vaneck Morningstar Wide Moat | 0.33% | 279,045 | $28.9M | Reduce -8.9% |
| BSCS Invesco Bulletshares 2028 CB | 0.33% | 1,399,728 | $28.8M | Add +0.8% |
| BOCT Innovator U.S. Equity Buffer | 0.33% | 575,691 | $28.5M | Add +8824.1% |
| JAAA Janus Henderson Aaa Clo ETF | 0.32% | 559,725 | $28.3M | Reduce -67.1% |
| IWY iShares Russell Top 200 Grow | 0.32% | 100,907 | $27.9M | Add +3.5% |
| MCD McDonald's Corp. | 0.32% | 90,600 | $27.7M | Add +3.4% |
| CRM Salesforce Inc. | 0.30% | 100,020 | $26.5M | Add +20.5% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 490,324 | $26.4M | Add +16.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.29% | 506,744 | $25.5M | Add +11.3% |
| OMFL Invesco Russell 1000 DYN M/F | 0.29% | 415,387 | $25.4M | Add +0.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.29% | 236,381 | $25.2M | Reduce -7.5% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 81,854 | $25.2M | Add +224.7% |
| QQQM Invesco Nasdaq 100 ETF | 0.28% | 97,799 | $24.7M | Add +30.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.28% | 528,556 | $24.6M | Add +5.5% |
| AMGN Amgen Inc. | 0.28% | 74,409 | $24.4M | Add +4.3% |
| GTO Invesco Total Return Bond Et | 0.28% | 511,314 | $24.2M | Add +3.5% |
| QYLD Global X Nasd 100 Cov Call | 0.27% | 1,337,693 | $23.6M | Reduce -0.7% |
| IAU iShares Gold Trust | 0.27% | 289,772 | $23.5M | Reduce -3.5% |
| IXUS iShares Core Intl Stock ETF | 0.27% | 276,872 | $23.4M | Reduce -0.6% |
| BSCT Invesco Bulletshares 2029 CB | 0.27% | 1,235,611 | $23.3M | Reduce -0.7% |
| AXP American Express Co. | 0.27% | 62,902 | $23.3M | Add +8.8% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.27% | 381,379 | $23.2M | Add +6.1% |
| BUFD FT VST Lad Deep Buf ETF-Usdi | 0.26% | 819,370 | $23.1M | Add +2.5% |
| LMBS First Trust Low Duration Opp | 0.26% | 452,717 | $22.6M | Add +4.3% |
Options reported separately and not counted above: SPY puts ($385K).
Portfolio Sells Q3 2025 → Q4 2025
| UMAR Innovator U.S. Equity Ultra | Reduce -98.4% | 0.01% | −0.71 |
| UJUN Innovator U.S. Equity Ultra | Reduce -98.5% | 0.01% | −0.71 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -67.1% | 0.32% | −0.71 |
| UJUL Innovator U.S. Equity Ultra | Reduce -94.8% | 0.04% | −0.70 |
| PFEB Innovator U.S. Equity Power | Reduce -83.9% | 0.07% | −0.38 |
| PJUN Innovator U.S. Equity Power | Reduce -78.7% | 0.10% | −0.37 |
| PJUL Innovator U.S. Equity Power | Reduce -81.5% | 0.08% | −0.36 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.35 |
| BJUL Innovator U.S. Equity Buffer | Reduce -95.4% | 0.01% | −0.31 |
| BFEB Innovator U.S. Equity Buffer | Reduce -89.5% | 0.04% | −0.31 |
| BJUN Innovator U.S. Equity Buffer | Reduce -96.9% | 0.01% | −0.31 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Reduce -91.6% | 0.03% | −0.29 |
| CLOI Vaneck Clo ETF | Sold out | 0.00% | −0.20 |
| ISRG Intuitive Surgical Inc. | Reduce -88.7% | 0.03% | −0.17 |
| BAMD Brookstone Div Stock ETF | Reduce -6.1% | 0.99% | −0.16 |
| WDC Western Digital Corp. | Reduce -98.0% | 0.00% | −0.16 |
| SHLD Global X Defense Tech ETF | Reduce -97.2% | 0.00% | −0.15 |
| JMBS Janus Henderson Mortg Backed | Sold out | 0.00% | −0.15 |
| ICLO Invesco Aaa Clo F/R Note ETF | Sold out | 0.00% | −0.15 |
| ADP Automatic Data Processing | Reduce -75.3% | 0.04% | −0.15 |
| BKLN Invesco Senior Loan ETF | Reduce -97.5% | 0.00% | −0.15 |
| RSG Republic Services Inc. | Reduce -89.3% | 0.01% | −0.13 |
| CLOZ Eldridge BBB-B Clo ETF | Reduce -96.8% | 0.00% | −0.12 |
| FMC FMC Corp. | Sold out | 0.00% | −0.12 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -5.2% | 0.92% | −0.10 |
| QUAL iShares MSCI USA Quality Fac | Reduce -29.1% | 0.22% | −0.10 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -66.7% | 0.03% | −0.10 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -12.3% | 0.41% | −0.08 |
| CDNS Cadence Design SYS Inc. | Reduce -90.9% | 0.01% | −0.08 |
| SPMO Invesco S&P 500 Momentum ETF | Reduce -19.8% | 0.21% | −0.07 |
| TSLA Tesla Inc. | Reduce -7.2% | 0.61% | −0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -7.0% | 0.38% | −0.07 |
| BAMV Brookstone Value Stock ETF | Reduce -3.2% | 1.04% | −0.06 |
| TLT iShares 20+ Year Treasury BD | Reduce -27.5% | 0.12% | −0.06 |
| BAMU Brookstone Ultrashrt BND ETF | Reduce -1.5% | 0.78% | −0.05 |
| IBIT iShares Bitcoin Trust ETF | Reduce -13.2% | 0.09% | −0.05 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -3.8% | 0.44% | −0.05 |
| PULS Pgim Ultra Short Bond ETF | Reduce -93.7% | 0.00% | −0.05 |
| XLY SS Consumer Disc Select Sect | Reduce -55.9% | 0.04% | −0.05 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -29.6% | 0.05% | −0.05 |
| ETHE Grayscale Ethereum Staking E | Reduce -83.4% | 0.01% | −0.04 |
| IEF iShares 7-10 Year Treasury B | Reduce -35.5% | 0.07% | −0.04 |
| PDI PIMCO Dynamic Income Fund | Reduce -92.7% | 0.00% | −0.04 |
| MSTR Strategy Inc. | Reduce -10.4% | 0.03% | −0.04 |
| JSI JH Securitized Income ETF | Reduce -32.4% | 0.07% | −0.04 |
| IWV iShares Russell 3000 ETF | Reduce -13.3% | 0.21% | −0.04 |
| HPQ HP Inc. | Reduce -4.4% | 0.11% | −0.04 |
| BAMB Brookstone Intermd Bond ETF | Reduce -0.7% | 0.69% | −0.04 |
| BRO Brown & Brown Inc. | Reduce -80.5% | 0.01% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| UOCT Innovator U.S. Equity Ultra | Add +2011.4% | 0.75% | +0.71 |
| UNOV Innovator U.S. Equity Ultra | Add +1901.5% | 0.74% | +0.70 |
| PNOV Innovator U.S. Equity Power | Add +971.4% | 0.60% | +0.54 |
| UDEC Innovator U.S. Equity Ultra | Add +136.0% | 0.85% | +0.49 |
| IBTH iShares Ibonds Dec 2027 Term | Add +15152.5% | 0.44% | +0.43 |
| IBTJ iShares Ibonds Dec 2029 Term | New | 0.43% | +0.43 |
| BSCU Invesco Bulletshares 2030 CB | New | 0.36% | +0.36 |
| IBTI iShares Ibonds Dec 2028 Term | New | 0.35% | +0.35 |
| POCT Innovator U.S. Equity Power | Add +340.7% | 0.45% | +0.34 |
| PDEC Innovator U.S. Equity Power | Add +412.0% | 0.42% | +0.34 |
| BNOV Innovator U.S. Equity Buffer | Add +4858.9% | 0.33% | +0.32 |
| BOCT Innovator U.S. Equity Buffer | Add +8824.1% | 0.33% | +0.32 |
| BDEC Innovator U.S. Equity Buffer | Add +611.4% | 0.37% | +0.32 |
| QQQ Invesco QQQ Trust Series 1 | Add +10.3% | 3.48% | +0.27 |
| AGG iShares Core U.S. Aggregate | Add +29.9% | 1.11% | +0.22 |
| GE General Electric | Add +224.7% | 0.29% | +0.20 |
| APH Amphenol Corp. Class A | Add +1685.9% | 0.19% | +0.18 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.17% | +0.17 |
| TOTL SS Doubleline TR Tact ETF | New | 0.14% | +0.14 |
| PLTR Palantir Technologies Inc. Class A | Add +143.0% | 0.23% | +0.13 |
| SLV iShares Silver Trust | Add +88.0% | 0.20% | +0.13 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +7.5% | 2.27% | +0.12 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +190.5% | 0.18% | +0.11 |
| EMN Eastman Chemical Co. | New | 0.10% | +0.10 |
| SPGI S&P Global Inc. | New | 0.10% | +0.10 |
| BPRE Bluerock Private Real Estate | New | 0.09% | +0.09 |
| IVE iShares S&P 500 Value ETF | Add +33.8% | 0.35% | +0.08 |
| SNPS Synopsys Inc. | Add +634.1% | 0.10% | +0.08 |
| AMZN Amazon.com Inc. | Add +5.6% | 1.35% | +0.08 |
| PSLV Sprott Physical Silver Trust | Add +25.4% | 0.17% | +0.07 |
| SFLR Innovator Eqty MGD Floor ETF | Add +158.2% | 0.12% | +0.07 |
| IEMG iShares Core MSCI Emerging | Add +10.8% | 0.90% | +0.07 |
| CRM Salesforce Inc. | Add +20.5% | 0.30% | +0.07 |
| VEA Vanguard Ftse Developed ETF | Add +10.3% | 0.73% | +0.07 |
| SGRT Smart Earnings Growth 30 ETF | Add +84.0% | 0.14% | +0.07 |
| QQQM Invesco Nasdaq 100 ETF | Add +30.4% | 0.28% | +0.06 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | New | 0.06% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +8.1% | 0.96% | +0.06 |
| MU Micron Technology Inc. | Add +15.6% | 0.11% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +12.1% | 0.19% | +0.05 |
| CAIE Calamos Autocallable Inc. ETF | Add +360.8% | 0.07% | +0.05 |
| BSX Boston Scientific Corp. | Add +41.7% | 0.20% | +0.05 |
| BALT Inn Defined Wealth Shield | Add +18.8% | 0.35% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.1% | 0.94% | +0.05 |
| WMT Walmart Inc. | Add +9.7% | 0.38% | +0.05 |
| V Visa Inc. Class A | Add +23.2% | 0.25% | +0.04 |
| AMAT Applied Materials Inc. | Add +0.5% | 0.25% | +0.04 |
| SSO Proshares Ultra S&P500 | Add +32.8% | 0.17% | +0.04 |
| XLE SS Energy Select Sector | Add +89.0% | 0.09% | +0.04 |
| AMGN Amgen Inc. | Add +4.3% | 0.28% | +0.04 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 43,000 | $385K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,305 | $10.0B | VTV, VUG, SPY, QQQ, NVDA |
| Q1 2026 | 1,202 | $8.7B | VTV, VUG, SPY, NVDA, QQQ |
| Q4 2025 | 1,162 | $8.7B | QQQ, SPY, VUG, VTV, NVDA |
| Q3 2025 | 1,132 | $8.4B | QQQ, SPY, VUG, VTV, NVDA |
| Q2 2025 | 1,061 | $7.6B | QQQ, SPY, VUG, VTV, NVDA |
| Q1 2025 | 1,014 | $7.0B | SPY, QQQ, VTV, VUG, AAPL |
| Q4 2024 | 987 | $6.9B | SPY, QQQ, VUG, VTV, AAPL |
| Q3 2024 | 1,001 | $6.8B | SPY, QQQ, VUG, AGG, VTV |
| Q2 2024 | 950 | $6.0B | SPY, QQQ, VUG, AAPL, VTV |
| Q1 2024 | 918 | $5.6B | SPY, QQQ, VTV, VUG, IVV |