Bulwark Capital Corp

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Bulwark Capital Corp reported 96 stock positions worth $140.6 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 12.2% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 7.7%) and Vanguard Mortgage-Backed Sec (VMBS, 7.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 7, added to 30 and reduced 19. The biggest buy was Pgim Ultra Short Bond ETF (PULS, shares +128%) and the biggest sale an exit from iShares Floating Rate Bond E (FLOT).

Most Recent 13F
Q2 2026
Location
FERNANDINA BEACH, FL
CIK
0002075899
Portfolio Value
$140.6M (Q4 2025)
SEC Filing
0002075899-26-000001 ↗ filed Jan 12, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q2 2025: $118.7M Q2 2025 Q3 2025: $128.6M Q3 2025 Q4 2025: $140.6M $140.6M Q4 2025 Q1 2026: $162.2M Q1 2026 Q2 2026: $177.7M Q2 2026

Holdings 96 stocks · $140.6M
VTI VG Morningstar TS MKT ETF-US 12.17% 51,057 $17.1M Add +5.3%
IVV iShares Core S&P 500 ETF 7.72% 15,847 $10.9M Add +3.9%
VMBS Vanguard Mortgage-Backed Sec 7.15% 213,665 $10.1M Add +1.6%
VTIP Vanguard Short-Term Tips 6.76% 192,290 $9.5M Add +39.0%
PULS Pgim Ultra Short Bond ETF 5.55% 157,369 $7.8M Add +128.4%
UYLD Angel Oak Ultrashort Income 5.20% 142,951 $7.3M Add +28.5%
JPLD JPMorgan Ltd. Duration ETF 5.15% 138,476 $7.2M Add +11.4%
SCHP Schwab U.S. Tips ETF 4.69% 249,151 $6.6M Add +20.7%
VGT Vanguard Info Tech ETF 4.04% 7,530 $5.7M No change
XHLF Bondbloxx BBG 6 MTH US Treas 3.48% 97,339 $4.9M Add +6.1%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 3.25% 104,614 $4.6M Add +7.0%
JAAA Janus Henderson Aaa Clo ETF 2.85% 79,295 $4.0M Reduce -10.6%
IUSG iShares Core S&P U.S. Growth 2.39% 20,001 $3.4M Reduce -0.5%
XLG Invesco S&P 500 Top 50 ETF 2.05% 48,736 $2.9M No change
VIG Vanguard Dividend Apprec ETF 1.91% 12,212 $2.7M Reduce -3.2%
CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E 1.84% 84,822 $2.6M Add +21.8%
CLOA iShares Aaa Clo Act ETF-Usdi 1.67% 45,373 $2.3M Add +92.3%
TBLL Invesco Short Term Treasury 1.58% 21,080 $2.2M Add +0.3%
QQQ Invesco QQQ Trust Series 1 1.52% 3,483 $2.1M No change
SGOV iShares 0-3 Month Treasury B 1.51% 21,212 $2.1M Add +0.0%
JMBS Janus Henderson Mortg Backed 1.29% 39,786 $1.8M Add +5.6%
FNDX Schwab Fndmntl US LRG Co. ETF 1.28% 66,140 $1.8M Reduce -21.7%
JSI JH Securitized Income ETF 1.07% 28,787 $1.5M Add +29.0%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.96% 45,634 $1.3M Add +41.5%
SCHG Schwab US Large-Cap Growth 0.79% 34,072 $1.1M Add +2.9%
VCR Vanguard Consumer Discre ETF 0.78% 2,769 $1.1M No change
IEFA iShares Core MSCI Eafe ETF 0.76% 11,900 $1.1M Add +25.7%
DGRW Wisdomtree U.S. Quality Divi 0.70% 10,964 $981K Reduce -18.1%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.62% 19,301 $873K Add +60.3%
VYM Vanguard High DVD Yield ETF 0.57% 5,573 $800K No change
XLF SS Financial Select Sector 0.53% 13,680 $749K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.52% 10,156 $738K Add +149.3%
EELV Invesco S&P Emerging Markets 0.46% 23,698 $650K New
VHT Vanguard Health Care ETF 0.44% 2,169 $624K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.44% 907 $619K Add +60.5%
AAPL Apple Inc. 0.42% 2,178 $592K Reduce -7.8%
VCSH Vanguard S/T Corp. Bond ETF 0.41% 7,232 $577K Reduce -13.1%
PCMM BBLX Private Credit Clo ETF 0.40% 11,117 $557K Add +386.1%
DEXC Dimensional Em Ex Cce ETF 0.38% 8,914 $539K New
ENFR Alerian Energy Infrastructur 0.37% 16,564 $521K Add +110.8%
SPSB SS SPDR P St C Corp. ETF 0.37% 17,243 $521K Reduce -19.9%
VOO Vanguard S&P 500 ETF 0.36% 806 $505K No change
IHAK iShares Cybersecurity & Tech 0.33% 9,670 $465K Reduce -28.1%
FRDM Freedom 100 Emeging MRKT ETF 0.32% 8,751 $449K Add +116.8%
XLI SS Industrial Select Sector 0.31% 2,815 $437K No change
VUSB Vanguard Ultra Short Bond Et 0.23% 6,380 $318K Reduce -0.7%
SCHD Schwab US DVD Equity ETF 0.22% 11,273 $309K Reduce -19.7%
SPIB SS SPDR P Int C Corp. ETF 0.19% 7,922 $268K Reduce -9.8%
SCHR Schwab Intermediate-Term US 0.17% 9,546 $239K No change
GLDM SPDR Gold Minishares Trust 0.16% 2,687 $229K Add +56.8%
XLP SS Consumer Staples Sel Sect 0.14% 2,471 $192K No change
CEF Sprott Physical Gold and Sil 0.13% 4,100 $188K No change
VEA Vanguard Ftse Developed ETF 0.13% 2,903 $181K Reduce -5.3%
SCHO Schwab Short-Term US Treas 0.13% 7,312 $178K Reduce -92.6%
ITA iShares U.S. Aerospace & Def 0.11% 737 $158K Reduce -1.7%
XLK SS Technology Select Sector 0.10% 970 $140K No change
IVW iShares S&P 500 Growth ETF 0.09% 1,044 $129K No change
IAK iShares U.S. Insurance ETF 0.09% 923 $126K Reduce -56.0%
ICSH iShares Ultra Short Duration 0.07% 2,010 $102K Reduce -12.8%
SCHM Schwab US Mid Cap ETF 0.06% 2,699 $81K No change
MSFT Microsoft Corp. 0.06% 167 $81K Add +160.9%
FFSM Fidelity FNDM SM Mid Cap ETF 0.06% 2,535 $78K No change
DGRO iShares Core Dividend Growth 0.05% 948 $66K No change
IVT Inventrust Properties Corp. 0.04% 2,088 $59K No change
PM Philip Morris International 0.04% 317 $51K No change
MO Altria Group Inc. 0.03% 846 $49K No change
WPM Wheaton Precious Metals Corp. 0.03% 300 $35K No change
SCHX Schwab US Large-Cap ETF 0.03% 1,306 $35K Reduce -72.6%
PSLV Sprott Physical Silver Trust 0.02% 1,450 $34K No change
XLV SS Health Care Select Sector 0.02% 220 $34K No change
IJR iShares Core S&P Small-Cap E 0.02% 272 $33K No change
VWO Vanguard Ftse Emerging Marke 0.02% 600 $32K No change
QQQM Invesco Nasdaq 100 ETF 0.02% 102 $26K Add +13.3%
VZ Verizon Communications Inc. 0.02% 589 $24K No change
AMZN Amazon.com Inc. 0.02% 100 $23K No change
COST Costco Wholesale Corp. 0.02% 25 $22K No change
GE General Electric filed as GE AEROSPACE 0.01% 63 $19K No change
GOOGL Alphabet Inc. Class A 0.01% 59 $18K No change
SLV iShares Silver Trust 0.01% 258 $17K No change
ASML ASML Holding NV-NY Reg SHS 0.01% 15 $16K No change
SMH Vaneck Semiconductor ETF 0.01% 43 $16K No change
IBIT iShares Bitcoin Trust ETF 0.01% 267 $13K Add +10.3%
SHV iShares 0-1 Year Treasury Bo 0.01% 119 $13K No change
TSM Taiwan Semiconductor-SP ADR 0.01% 35 $11K No change
GEV GE Vernova Inc. 0.01% 15 $10K No change
NVDA Nvidia Corp. 0.01% 40 $7K No change
CRM Salesforce Inc. 0.00% 25 $7K Add +150.0%
CAVA Cava Group Inc. 0.00% 100 $6K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 12 $6K No change
NVAX Novavax Inc. 0.00% 610 $4K No change
CVX Chevron Corp. 0.00% 25 $4K No change
XLC SS Comm Select Sector SPDR 0.00% 30 $4K No change
XSD SS SPDR S&P Semiconductor 0.00% 6 $2K Reduce -80.0%
GEHC GE Healthcare Technology 0.00% 21 $2K No change
SPHD Invesco S&P 500 High Dividen 0.00% 32 $2K No change
MJ Amplify Alternat Harvest ETF 0.00% 35 $1K No change

Portfolio Sells Q3 2025 → Q4 2025
FLOT iShares Floating Rate Bond E Sold out 0.00% −2.03
SCHO Schwab Short-Term US Treas Reduce -92.6% 0.13% −1.74
JAAA Janus Henderson Aaa Clo ETF Reduce -10.6% 2.85% −0.65
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -21.7% 1.28% −0.45
DGRW Wisdomtree U.S. Quality Divi Reduce -18.1% 0.70% −0.23
IHAK iShares Cybersecurity & Tech Reduce -28.1% 0.33% −0.22
VIG Vanguard Dividend Apprec ETF Reduce -3.2% 1.91% −0.21
IUSG iShares Core S&P U.S. Growth Reduce -0.5% 2.39% −0.18
IDHQ Invesco S&P International DE Sold out 0.00% −0.18
XLE SS Energy Select Sector Sold out 0.00% −0.14
SPSB SS SPDR P St C Corp. ETF Reduce -19.9% 0.37% −0.14
IAK iShares U.S. Insurance ETF Reduce -56.0% 0.09% −0.13
VCSH Vanguard S/T Corp. Bond ETF Reduce -13.1% 0.41% −0.11
SCHD Schwab US DVD Equity ETF Reduce -19.7% 0.22% −0.08
SCHX Schwab US Large-Cap ETF Reduce -72.6% 0.03% −0.07
XLRE SS Real Estate Select Sector Sold out 0.00% −0.06
AAPL Apple Inc. Reduce -7.8% 0.42% −0.05
JIRE JPMorgan Int Res Enh Eqty Sold out 0.00% −0.04
SPIB SS SPDR P Int C Corp. ETF Reduce -9.8% 0.19% −0.04
IQDG Wisdomtree Intl QLTY DVD GRW Sold out 0.00% −0.04
VUSB Vanguard Ultra Short Bond Et Reduce -0.7% 0.23% −0.02
ICSH iShares Ultra Short Duration Reduce -12.8% 0.07% −0.02
VEA Vanguard Ftse Developed ETF Reduce -5.3% 0.13% −0.01
ITA iShares U.S. Aerospace & Def Reduce -1.7% 0.11% −0.01
XSD SS SPDR S&P Semiconductor Reduce -80.0% 0.00% −0.01
VOX Vanguard Communication Servi Sold out 0.00% −0.00

Portfolio Buys Q3 2025 → Q4 2025
PULS Pgim Ultra Short Bond ETF Add +128.4% 5.55% +2.88
VTIP Vanguard Short-Term Tips Add +39.0% 6.76% +1.31
UYLD Angel Oak Ultrashort Income Add +28.5% 5.20% +0.77
CLOA iShares Aaa Clo Act ETF-Usdi Add +92.3% 1.67% +0.72
EELV Invesco S&P Emerging Markets New 0.46% +0.46
DEXC Dimensional Em Ex Cce ETF New 0.38% +0.38
SCHP Schwab U.S. Tips ETF Add +20.7% 4.69% +0.37
EMXC iShares MSCI Emr MRK Ex Chna Add +149.3% 0.52% +0.31
PCMM BBLX Private Credit Clo ETF Add +386.1% 0.40% +0.31
FNDF Schwab Fndmn Intl LRG Co. ETF Add +60.3% 0.62% +0.22
CGXU Cap Group Intl Focus Add +41.5% 0.96% +0.22
CGCV Cap Group Conservative Eq Add +21.8% 1.84% +0.21
FRDM Freedom 100 Emeging MRKT ETF Add +116.8% 0.32% +0.18
ENFR Alerian Energy Infrastructur Add +110.8% 0.37% +0.17
JSI JH Securitized Income ETF Add +29.0% 1.07% +0.16
SPY SS SPDR S&P 500 ETF Trust-US Add +60.5% 0.44% +0.15
IEFA iShares Core MSCI Eafe ETF Add +25.7% 0.76% +0.11
JPLD JPMorgan Ltd. Duration ETF Add +11.4% 5.15% +0.08
GLDM SPDR Gold Minishares Trust Add +56.8% 0.16% +0.06
CGDV Cap Group Dividend Value Add +7.0% 3.25% +0.05
MSFT Microsoft Corp. Add +160.9% 0.06% +0.03
CRM Salesforce Inc. Add +150.0% 0.00% +0.00
QQQM Invesco Nasdaq 100 ETF Add +13.3% 0.02% +0.00
IBIT iShares Bitcoin Trust ETF Add +10.3% 0.01% −0.00
SCHG Schwab US Large-Cap Growth Add +2.9% 0.79% −0.03
JMBS Janus Henderson Mortg Backed Add +5.6% 1.29% −0.05
XHLF Bondbloxx BBG 6 MTH US Treas Add +6.1% 3.48% −0.12
TBLL Invesco Short Term Treasury Add +0.3% 1.58% −0.14
SGOV iShares 0-3 Month Treasury B Add +0.0% 1.51% −0.15
VTI VG Morningstar TS MKT ETF-US Add +5.3% 12.17% −0.20
IVV iShares Core S&P 500 ETF Add +3.9% 7.72% −0.22
VMBS Vanguard Mortgage-Backed Sec Add +1.6% 7.15% −0.53

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 105$177.7MPULS, VTI, IVV, JPLD, SCHR
Q1 2026 100$162.2MVTI, PULS, JPLD, IVV, SCHR
Q4 2025 96$140.6MVTI, IVV, VMBS, VTIP, PULS
Q3 2025 101$128.6MVTI, IVV, VMBS, VTIP, JPLD
Q2 2025 95$118.7MVTI, IVV, VMBS, VTIP, JPLD