Cadence Bank

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Cadence Bank reported 328 stock positions worth $1.5 billion. Its top holding was Murphy USA (MUSA) at 14.1% of the portfolio, followed by Vngrd Mrngstr MG Cap ETF-Usd (MGC, 6.1%) and Broadcom (AVGO, 3.9%). Compared with Q3 2024, it opened 13 new positions, sold out of 14, added to 76 and reduced 181. The biggest buy was Walmart (WMT, shares +71%) and the biggest sale Gilead Sciences (GILD, shares −93%).

Most Recent 13F
Q4 2025
Location
Tupelo, MS
CIK
0001299939
Portfolio Value
$1.5B (Q4 2024)
SEC Filing
0000950123-25-002025 ↗ filed Feb 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.5B $1.5B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.6B Q3 2025 Q4 2025: $1.7B Q4 2025

Holdings 328 stocks · $1.5B

MUSA Murphy USA Inc. 14.10% 414,675 $208.1M Reduce -0.0%
MGC Vngrd Mrngstr MG Cap ETF-Usd 6.12% 424,837 $90.3M Add +0.8%
AVGO Broadcom Inc. 3.87% 246,171 $57.1M Reduce -3.9%
MSFT Microsoft Corp. 3.86% 135,200 $57.0M Add +5.1%
AAPL Apple Inc. 3.51% 206,683 $51.8M Reduce -0.4%
MUR Murphy Oil Corp. 3.40% 1,658,227 $50.2M Add +0.6%
NVDA Nvidia Corp. 1.97% 216,456 $29.1M Reduce -3.6%
WMT Walmart Inc. 1.90% 310,761 $28.1M Add +70.9%
SPY SS SPDR S&P 500 ETF Trust-US 1.61% 40,625 $23.8M Reduce -1.1%
PG The Procter & Gamble Co. 1.59% 139,647 $23.4M Reduce -1.8%
CADE Cadence Bank 1.56% 667,663 $23.0M Reduce -11.6%
XOM Exxon Mobil Corp. 1.54% 211,312 $22.7M Reduce -3.4%
ACWX iShares MSCI Acwi Ex US ETF 1.48% 418,217 $21.8M Add +4.9%
PRU Prudential Financial Inc. 1.37% 169,949 $20.1M Add +1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.30% 72,708 $19.2M Add +5.9%
ABBV Abbvie Inc. 1.22% 101,290 $18.0M Add +1.2%
VB Vanguard Most SM-Cap ETF-Usd 1.22% 74,855 $18.0M Add +7.5%
AMAT Applied Materials Inc. 1.21% 110,072 $17.9M Add +1.5%
RTX RTX Corp. 1.16% 148,248 $17.2M Reduce -0.4%
GOOGL Alphabet Inc. Class A 1.12% 87,564 $16.6M Add +1.4%
KMI Kinder Morgan Inc. 1.09% 584,406 $16.0M Reduce -1.0%
JPM JPMorgan Chase & Co. 0.91% 55,860 $13.4M Reduce -1.1%
PM Philip Morris International 0.86% 105,320 $12.7M Add +0.6%
MTN Vail Resorts Inc. 0.82% 64,812 $12.1M Add +15.1%
CSCO Cisco Systems Inc. 0.79% 195,929 $11.6M Reduce -0.8%
TFC Truist Financial Corp. 0.76% 258,331 $11.2M Add +39.5%
BND Vanguard Total Bond Market 0.75% 154,845 $11.1M Add +19.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.71% 47,822 $10.5M Reduce -0.8%
MCD McDonald's Corp. 0.69% 35,154 $10.2M Add +65.9%
PEP Pepsico Inc. 0.67% 64,825 $9.9M Add +0.9%
BMY Bristol-Myers Squibb Co. 0.65% 169,558 $9.6M Reduce -1.3%
GD General Dynamics Corp. 0.64% 35,965 $9.5M Reduce -0.3%
UPS United Parcel Service Class B 0.63% 73,809 $9.3M Add +98.3%
FDX FedEx Corp. 0.62% 32,279 $9.1M Add +1.4%
LLY Eli Lilly & Co. 0.61% 11,709 $9.0M Reduce -0.9%
AMZN Amazon.com Inc. 0.60% 40,579 $8.9M Reduce -1.5%
SIRI Sirius XM Holdings Inc. 0.60% 389,964 $8.9M New
BEN Franklin Templeton Inc. 0.56% 408,389 $8.3M Add +1.8%
JEPI JPMorgan Equity Premium Inco 0.56% 143,417 $8.3M Add +47.0%
STZ Constellation Brands Inc. Class A 0.55% 37,030 $8.2M Add +1.8%
VEA Vanguard Ftse Developed ETF 0.54% 166,206 $7.9M Add +6.5%
CAG Conagra Brands Inc. 0.50% 267,156 $7.4M New
LOW Lowe's Cos Inc. 0.48% 28,982 $7.2M Reduce -2.2%
PFE Pfizer Inc. 0.47% 258,881 $6.9M Reduce -21.5%
VOO Vanguard S&P 500 ETF 0.46% 12,490 $6.7M Reduce -6.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.45% 172,823 $6.6M Add +17.9%
EOG EOG Resources Inc. 0.44% 53,471 $6.6M Reduce -39.5%
CMCSA Comcast Corp. Class A 0.42% 165,320 $6.2M Add +1.7%
QCOM Qualcomm Inc. 0.42% 40,036 $6.2M Reduce -38.8%
LYB Lyondellbasell Indu Class A 0.41% 82,383 $6.1M Reduce -0.7%
MA Mastercard Inc. Class A 0.41% 11,485 $6.0M Reduce -1.4%
TTE Totalenergies SE -Spon ADR 0.40% 109,471 $6.0M Add +1.9%
MDT Medtronic PLC 0.40% 74,239 $5.9M Reduce -0.3%
FLOT iShares Floating Rate Bond E 0.40% 116,462 $5.9M Add +38.9%
HD Home Depot Inc. 0.40% 15,193 $5.9M Reduce -3.1%
V Visa Inc. Class A 0.40% 18,487 $5.8M Add +2.6%
CVX Chevron Corp. 0.39% 39,960 $5.8M Reduce -5.5%
NKE Nike Inc. Class B 0.39% 75,428 $5.7M Add +36.4%
KMB Kimberly-Clark Corp. 0.38% 42,843 $5.6M Add +0.3%
EFA iShares MSCI Eafe ETF 0.37% 72,410 $5.5M Reduce -1.4%
NTR Nutrien Ltd. 0.37% 121,011 $5.4M Add +33.9%
IWF iShares Russell 1000 Growth 0.35% 12,866 $5.2M Reduce -1.0%
FISV Fiserv Inc. 0.35% 25,132 $5.2M Reduce -0.0%
SYY Sysco Corp. 0.35% 66,667 $5.1M Add +1.6%
FHI Federated Hermes Inc. 0.34% 123,058 $5.1M Add +0.6%
SWK Stanley Black & Decker Inc. 0.34% 62,909 $5.1M Add +1.9%
AMP Ameriprise Financial Inc. 0.34% 9,444 $5.0M Reduce -3.6%
MRK Merck & Co. Inc. 0.34% 50,400 $5.0M Reduce -3.6%
HPQ HP Inc. 0.34% 153,523 $5.0M Add +1.6%
DELL Dell Technologies -C 0.34% 42,914 $4.9M New
DPZ Domino's Pizza Inc. 0.33% 11,451 $4.8M Add +2.3%
QSR Restaurant Brands Intern 0.32% 73,423 $4.8M Add +1.4%
JNJ Johnson & Johnson 0.30% 30,997 $4.5M Reduce -2.8%
RDIV Invesco S&P Ultra Dividend 0.30% 91,835 $4.4M Reduce -1.5%
ABT Abbott Laboratories 0.30% 38,696 $4.4M Reduce -3.1%
KO The Coca-Cola Co. 0.29% 68,412 $4.3M Reduce -3.6%
ACN Accenture PLC Class A 0.28% 11,781 $4.1M Reduce -2.9%
BRK.B Berkshire Hathaway Inc. Class B 0.27% 8,764 $4.0M Reduce -2.1%
UNP Union Pacific Corp. 0.27% 17,366 $4.0M Reduce -1.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 88,373 $3.9M Reduce -1.8%
ANET Arista Networks Inc. 0.25% 33,157 $3.7M Reduce -0.1%
TMO Thermo Fisher Scientific Inc. 0.24% 6,937 $3.6M Reduce -1.3%
ETN Eaton Corp. PLC 0.24% 10,568 $3.5M Reduce -1.6%
COP Conocophillips 0.23% 34,094 $3.4M Reduce -3.1%
COF Capital One Financial Corp. 0.23% 18,695 $3.3M Reduce -0.4%
COST Costco Wholesale Corp. 0.22% 3,615 $3.3M Reduce -1.0%
PWR Quanta Services Inc. 0.22% 10,436 $3.3M Reduce -1.1%
VTI VG Morningstar TS MKT ETF-US 0.22% 11,163 $3.2M Reduce -26.2%
GOOG Alphabet Inc. Class C 0.22% 16,674 $3.2M Reduce -2.0%
IJH iShares Core S&P Midcap ETF 0.21% 50,306 $3.1M Reduce -2.1%
HMC Honda Motor Co. Ltd.-Spons ADR 0.21% 109,452 $3.1M Reduce -6.3%
IVE iShares S&P 500 Value ETF 0.20% 15,579 $3.0M Reduce -0.0%
IVW iShares S&P 500 Growth ETF 0.20% 28,567 $2.9M Reduce -0.2%
MCK McKesson Corp. 0.18% 4,739 $2.7M Reduce -4.7%
NSC Norfolk Southern Corp. 0.18% 11,397 $2.7M Reduce -1.2%
META Meta Platforms Inc. Class A 0.18% 4,561 $2.7M Add +0.3%
DHR Danaher Corp. 0.18% 11,371 $2.6M Reduce -3.5%
LW Lamb Weston Holdings Inc. 0.17% 37,445 $2.5M New
PCH Potlatchdeltic Corp. 0.17% 63,721 $2.5M No change
QQQ Invesco QQQ Trust Series 1 0.16% 4,639 $2.4M Add +4.4%
RNST Renasant Corp. 0.16% 65,216 $2.3M No change
ROP Roper Technologies Inc. 0.16% 4,442 $2.3M Reduce -1.9%
PEG Public Service Enterprise GP 0.16% 27,176 $2.3M Reduce -2.0%
CMI Cummins Inc. 0.15% 6,552 $2.3M Reduce -0.5%
ALL Allstate Corp. 0.15% 11,725 $2.3M Reduce -2.0%
TXN Texas Instruments Inc. 0.15% 12,040 $2.3M Reduce -4.2%
TSM Taiwan Semiconductor-SP ADR 0.15% 11,268 $2.2M Reduce -2.8%
ADBE Adobe Inc. 0.15% 4,883 $2.2M Add +0.5%
IJR iShares Core S&P Small-Cap E 0.15% 18,793 $2.2M Reduce -6.5%
IVV iShares Core S&P 500 ETF 0.15% 3,668 $2.2M Reduce -3.4%
UFPI Ufp Industries Inc. 0.14% 18,994 $2.1M Reduce -0.7%
TRV The Travelers Cos Inc. 0.14% 8,511 $2.1M Add +0.4%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.13% 34,882 $2.0M Add +750.8%
AXP American Express Co. 0.13% 6,605 $2.0M Reduce -7.9%
APH Amphenol Corp. Class A 0.13% 27,984 $1.9M No change
SDY SS SPDR S&P Dividend ETF 0.13% 14,594 $1.9M Reduce -5.0%
VCIT Vanguard Int-Term Corporate 0.13% 23,738 $1.9M Add +524.0%
LRCX Lam Research Corp. 0.13% 26,241 $1.9M Reduce -0.6%
RF Regions Financial Corp. 0.12% 77,886 $1.8M Reduce -0.4%
CPRT Copart Inc. 0.12% 31,353 $1.8M Reduce -0.6%
TGT Target Corp. 0.12% 13,278 $1.8M Reduce -0.5%
EPD Enterprise Products Partners 0.12% 57,037 $1.8M Add +8.9%
ORLY O'reilly Automotive Inc. 0.12% 1,465 $1.7M Reduce -1.4%
VZ Verizon Communications Inc. 0.11% 41,424 $1.7M Reduce -13.5%
EVR Evercore Inc. Class A 0.11% 5,963 $1.7M Reduce -0.7%
DHS Wisdomtree US High Dividend 0.11% 17,632 $1.6M Reduce -6.3%
VCSH Vanguard S/T Corp. Bond ETF 0.11% 20,895 $1.6M Add +119.6%
INTU Intuit Inc. 0.11% 2,553 $1.6M Reduce -0.8%
GIS General Mills Inc. 0.11% 24,931 $1.6M Reduce -0.3%
PGR Progressive Corp. 0.11% 6,606 $1.6M Reduce -0.9%
DRI Darden Restaurants Inc. 0.11% 8,475 $1.6M Reduce -3.1%
DON Wisdomtree US Midcap Dividen 0.11% 30,804 $1.6M Reduce -1.2%
ADP Automatic Data Processing 0.11% 5,320 $1.6M No change
SPGI S&P Global Inc. 0.10% 3,053 $1.5M Reduce -1.6%
VRSK Verisk Analytics Inc. 0.10% 5,380 $1.5M No change
IWB iShares Russell 1000 ETF 0.10% 4,581 $1.5M No change
SNPS Synopsys Inc. 0.10% 3,023 $1.5M No change
UTHR United Therapeutics Corp. 0.09% 3,916 $1.4M Reduce -0.7%
AMGN Amgen Inc. 0.09% 5,284 $1.4M Reduce -4.0%
UNH Unitedhealth Group Inc. 0.09% 2,604 $1.3M Reduce -6.8%
IWP iShares Russell Mid-Cap Grow 0.09% 10,371 $1.3M Reduce -26.1%
LYV Live Nation Entertainment Inc. 0.09% 9,945 $1.3M Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 11,378 $1.3M Reduce -3.2%
DE Deere & Co. 0.08% 2,953 $1.3M Reduce -0.5%
LMT Lockheed Martin Corp. 0.08% 2,566 $1.2M Reduce -5.6%
VOOG Vanguard S&P 500 Growth ETF 0.08% 3,367 $1.2M Add +108.2%
ORCL Oracle Corp. 0.08% 7,369 $1.2M Reduce -3.1%
SO The Southern Co. 0.08% 14,210 $1.2M Reduce -8.9%
VYMI Vanguard Int High DVD YLD Inc. 0.08% 17,026 $1.2M Reduce -6.8%
DTE DTE Energy Company 0.08% 9,493 $1.1M Reduce -2.6%
MPC Marathon Petroleum Corp. 0.08% 8,081 $1.1M Reduce -2.7%
IEF iShares 7-10 Year Treasury B 0.08% 12,104 $1.1M Add +26.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 9,134 $1.1M Add +28.4%
VIG Vanguard Dividend Apprec ETF 0.07% 5,589 $1.1M Reduce -6.6%
SSD Simpson Manufacturing Co. Inc. 0.07% 6,412 $1.1M Reduce -0.7%
WSM Williams-Sonoma Inc. 0.07% 5,646 $1.0M Reduce -1.6%
WEST Westrock Coffee Co. 0.07% 162,500 $1.0M Reduce -35.0%
MDY State Street SPDR S&P Midcap 0.07% 1,818 $1.0M Add +4.4%
TSN Tyson Foods Inc. Class A 0.07% 17,922 $1.0M Reduce -10.5%
T AT&T Inc. 0.07% 45,170 $1.0M Add +10.8%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.07% 9,069 $1.0M Reduce -2.1%
VLO Valero Energy Corp. 0.07% 8,236 $1.0M Add +3.2%
DVY iShares Select Dividend ETF 0.07% 7,681 $1.0M Reduce -2.1%
IWS iShares Russell Mid-Cap Valu 0.07% 7,691 $995K Reduce -45.0%
IJK iShares S&P Mid-Cap 400 Grow 0.07% 10,796 $982K Reduce -5.2%
MO Altria Group Inc. 0.07% 18,690 $977K Reduce -7.9%
IWO iShares Russell 2000 Growth 0.07% 3,374 $971K Reduce -0.6%
HON Honeywell International Inc. 0.06% 4,127 $932K Reduce -1.8%
ULTA Ulta Beauty Inc. 0.06% 2,124 $924K Add +36.8%
DFUS Dimensional US Eq MKT ETF 0.06% 14,443 $921K No change
EE Excelerate Energy Inc. Class A 0.06% 30,000 $908K No change
MET Metlife Inc. 0.06% 10,997 $900K Reduce -0.5%
PNC PNC Financial Services Group 0.06% 4,579 $883K Reduce -9.4%
ET Energy Transfer LP 0.06% 44,924 $880K No change
SEIC Sei Investments Company 0.06% 10,430 $860K Reduce -0.7%
IWD iShares Russell 1000 Value E 0.06% 4,572 $846K Add +4.0%
SIMO Silicon Motion Technol-ADR 0.05% 14,889 $805K Reduce -0.7%
UL Unilever PLC 0.05% 14,175 $804K Add +0.6%
IJJ iShares S&P Mid-Cap 400 Valu 0.05% 6,394 $799K Reduce -1.9%
DUK Duke Energy Corp. 0.05% 7,412 $799K Reduce -14.7%
ICLR Icon PLC 0.05% 3,756 $788K Reduce -0.7%
GS Goldman Sachs Group Inc. 0.05% 1,372 $786K Reduce -3.0%
CAT Caterpillar Inc. 0.05% 2,114 $767K Add +99.6%
GILD Gilead Sciences Inc. 0.05% 8,102 $748K Reduce -93.4%
AOS Smith (a.o.) Corp. 0.05% 10,963 $748K Add +22.7%
PRF Invesco Rafi US 1000 ETF 0.05% 18,520 $747K Reduce -0.3%
NTES Netease Inc.-ADR 0.05% 8,255 $736K No change
NEE Nextera Energy Inc. 0.05% 10,140 $727K Reduce -3.4%
THO Thor Industries Inc. 0.05% 7,530 $721K Reduce -0.7%
IEFA iShares Core MSCI Eafe ETF 0.05% 10,195 $717K Add +24.0%
SWKS Skyworks Solutions Inc. 0.05% 8,062 $715K Reduce -0.7%
XLE SS Energy Select Sector 0.05% 8,054 $690K Reduce -3.0%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.05% 8,076 $689K No change
BRK.A Berkshire Hathaway Inc. Class A 0.05% 1 $681K No change
IWM iShares Russell 2000 ETF 0.05% 3,052 $674K Add +0.4%
GNTX Gentex Corp. 0.05% 23,338 $671K Reduce -0.7%
OHI Omega Healthcare Investors 0.05% 17,670 $669K Reduce -11.5%
COO The Cooper Cos Inc. 0.04% 7,112 $654K No change
ALK Alaska Air Group Inc. 0.04% 10,073 $652K Reduce -0.6%
MDLZ Mondelez International Inc. Class A 0.04% 10,855 $648K Reduce -8.0%
NN Nextnav Inc. 0.04% 41,000 $638K New
AMT American Tower Corp. 0.04% 3,286 $603K Add +0.6%
KLAC KLA Corp. 0.04% 955 $602K Reduce -0.2%
EMR Emerson Electric Co. 0.04% 4,783 $593K Reduce -6.8%
UNM Unum Group 0.04% 8,027 $586K No change
FIS Fidelity National Info Serv 0.04% 7,188 $581K Reduce -0.1%
AEP American Electric Power 0.04% 6,232 $575K Reduce -17.0%
GSK GSK PLC-Spon ADR 0.04% 16,979 $574K Reduce -0.1%
RHI Robert Half Inc. 0.04% 8,145 $574K Reduce -0.7%
ECL Ecolab Inc. 0.04% 2,439 $572K Reduce -1.7%
IPG Interpublic Group of Cos Inc. 0.04% 20,327 $570K Reduce -0.7%
DFUV Dimensional US Marketwide Va 0.04% 13,852 $567K No change
TRMK Trustmark Corp. 0.04% 16,025 $567K No change
IEI iShares 3-7 Year Treasury Bo 0.04% 4,858 $561K Reduce -20.0%
BSM Black Stone Minerals LP 0.04% 38,325 $560K Add +38.6%
DEM Wisdomtree Emerging Markets 0.04% 13,688 $554K No change
BKNG Booking Holdings Inc. 0.04% 110 $547K No change
LUV Southwest Airlines Co. 0.04% 16,112 $542K Reduce -4.7%
IJT iShares S&P Small-Cap 600 GR 0.04% 3,831 $519K No change
D Dominion Energy Inc. 0.03% 9,561 $515K Add +2.0%
NVS Novartis AG-Sponsored ADR 0.03% 5,213 $507K Reduce -5.8%
MGA Magna International Inc. 0.03% 12,078 $505K Reduce -0.7%
BA The Boeing Co. 0.03% 2,847 $504K Reduce -6.4%
CL Colgate-Palmolive Co. 0.03% 5,508 $501K Reduce -1.1%
BLK BlackRock Inc. 0.03% 488 $500K Add +14.0%
WFC Wells Fargo & Co. 0.03% 7,011 $492K Reduce -0.6%
IWN iShares Russell 2000 Value E 0.03% 2,901 $476K Reduce -0.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 1,144 $470K Add +71.8%
SFNC Simmons First Natl Corp. Class A 0.03% 20,732 $460K No change
GLD SPDR Gold Shares 0.03% 1,856 $449K Add +7.2%
JBHT Hunt (jb) Transprt SVCS Inc. 0.03% 2,616 $446K Reduce -0.7%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.03% 15,238 $445K No change
DOW Dow Inc. 0.03% 10,834 $435K Reduce -2.2%
PECO Phillips Edison & Company Inc. 0.03% 11,489 $430K No change
ETR Entergy Corp. 0.03% 5,644 $428K Reduce -32.0%
JPST JPMorgan Ultra-Short Income 0.03% 8,493 $428K No change
WMB Williams Cos Inc. 0.03% 7,806 $422K Reduce -12.3%
LKQ LKQ Corp. 0.03% 11,439 $420K Reduce -8.7%
IWR iShares Russell Mid-Cap ETF 0.03% 4,711 $416K No change
TSLA Tesla Inc. 0.03% 1,021 $412K Add +6.7%
UBER Uber Technologies Inc. 0.03% 6,826 $412K Add +141.5%
PLD Prologis Inc. 0.03% 3,814 $403K Reduce -6.4%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.03% 1,156 $397K New
IDV iShares International Select 0.03% 14,204 $389K Reduce -3.5%
VEGN US Vegan Climate ETF 0.03% 7,161 $385K Reduce -0.7%
VGT Vanguard Info Tech ETF 0.03% 610 $379K Add +35.6%
CNP Centerpoint Energy Inc. 0.03% 11,931 $379K Reduce -4.8%
ED Consolidated Edison Inc. 0.03% 4,236 $378K No change
IEMG iShares Core MSCI Emerging 0.03% 7,184 $375K Add +15.0%
GPN Global Payments Inc. 0.03% 3,317 $372K No change
DK Delek US Holdings Inc. 0.03% 20,000 $370K No change
VOOV Vanguard S&P 500 Value ETF 0.03% 2,000 $369K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 1,847 $366K Reduce -5.8%
VGSH Vanguard Short-Term Treasury 0.02% 6,287 $366K Add +0.3%
MASI Masimo Corp. 0.02% 2,172 $359K No change
DFAS Dimensional US Small Cap ETF 0.02% 5,485 $357K No change
AGG iShares Core U.S. Aggregate 0.02% 3,657 $354K Reduce -78.1%
THRM Gentherm Inc. 0.02% 8,764 $350K Reduce -2.4%
BIIB Biogen Inc. 0.02% 2,281 $349K Reduce -3.0%
INTC Intel Corp. 0.02% 17,213 $345K Reduce -29.1%
A Agilent Technologies Inc. 0.02% 2,556 $343K No change
MLPA Global X MLP ETF 0.02% 6,791 $336K No change
DGRS Wisdomtree U.S. Smallcap Qua 0.02% 6,489 $332K Reduce -4.1%
PAYX Paychex Inc. 0.02% 2,303 $323K Reduce -6.3%
MMM 3M Co. 0.02% 2,494 $322K Reduce -8.7%
WY Weyerhaeuser Co. 0.02% 11,427 $322K No change
O Realty Income Corp. 0.02% 5,992 $320K Reduce -12.0%
DG Dollar General Corp. 0.02% 4,195 $318K New
XLV SS Health Care Select Sector 0.02% 2,220 $305K Add +19.7%
VWO Vanguard Ftse Emerging Marke 0.02% 6,903 $304K No change
LNG Cheniere Energy Inc. 0.02% 1,414 $304K No change
PSX Phillips 66 0.02% 2,634 $300K Reduce -3.9%
SHW The Sherwin-Williams Co. 0.02% 882 $300K Reduce -3.8%
CEG Constellation Energy 0.02% 1,323 $296K Reduce -10.5%
C Citigroup Inc. 0.02% 4,162 $293K Add +3.8%
VGIT Vanguard Intermediate-Term T 0.02% 5,050 $293K Add +0.7%
CINF Cincinnati Financial Corp. 0.02% 2,003 $288K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 1,679 $284K Add +8.8%
QUAL iShares MSCI USA Quality Fac 0.02% 1,596 $284K Reduce -9.1%
COR Cencora Inc. 0.02% 1,250 $281K No change
SYK Stryker Corp. 0.02% 778 $280K Reduce -1.8%
NOW ServiceNow Inc. 0.02% 262 $278K Reduce -7.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.02% 975 $277K Reduce -22.1%
PANW Palo Alto Networks Inc. 0.02% 1,512 $275K No change
FNV Franco-Nevada Corp. 0.02% 2,332 $274K No change
HBAN Huntington Bancshares Inc. 0.02% 16,565 $270K Reduce -22.1%
ULST SS Ultra Short TM Bond ETF 0.02% 6,605 $267K No change
SBRA Sabra Health Care REIT Inc. 0.02% 15,000 $260K No change
OUNZ Vaneck Merk Gold ETF 0.02% 10,256 $259K Reduce -11.5%
PSA Public Storage 0.02% 863 $258K Reduce -2.3%
PII Polaris Inc. 0.02% 4,478 $258K Reduce -0.7%
NFRA NT GLBL BRD Infra ETF 0.02% 4,746 $257K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.02% 2,316 $255K No change
KRP Kimbell Royalty Partners LP 0.02% 15,625 $254K No change
BKLN Invesco Senior Loan ETF 0.02% 11,996 $253K New
EW Edwards Lifesciences Corp. 0.02% 3,395 $251K No change
JPEM JPM Diversified Ret Em Equit filed as J P MORGAN EXCHANGE TRADED F 0.02% 4,763 $247K Reduce -3.9%
KHC The Kraft Heinz Co. 0.02% 8,011 $246K Reduce -12.5%
GE General Electric filed as GE AEROSPACE 0.02% 1,467 $245K Reduce -3.0%
MS Morgan Stanley 0.02% 1,936 $243K Reduce -12.4%
F Ford Motor Co. filed as FORD MTR CO 0.02% 24,487 $242K Reduce -3.2%
USMV iShares MSCI USA Min Vol Fac 0.02% 2,719 $241K Reduce -4.6%
ICF iShares Select U.S. REIT ETF 0.02% 4,000 $241K Reduce -1.5%
RGLD Royal Gold Inc. 0.02% 1,820 $240K No change
SPGP Invesco S&P 500 Garp ETF 0.02% 2,281 $239K New
BAX Baxter International Inc. 0.02% 8,174 $238K Reduce -19.7%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.02% 5,153 $233K Reduce -3.4%
IWV iShares Russell 3000 ETF 0.02% 682 $228K No change
CFG Citizens Financial Group 0.02% 5,194 $227K Reduce -93.0%
FRT Federal Realty Invs Trust 0.02% 2,000 $224K No change
MTUM iShares MSCI USA Momentum Fa 0.02% 1,077 $223K Add +3.1%
WPC WP Carey Inc. 0.01% 4,000 $218K No change
ITW Illinois Tool Works 0.01% 842 $213K No change
VFH Vanguard Financials ETF 0.01% 1,808 $213K New
SMLF iShares US Smallcap Equity F 0.01% 3,160 $213K No change
KBR KBR Inc. 0.01% 3,658 $212K No change
CCI Crown Castle Inc. 0.01% 2,331 $212K Add +3.4%
IGV iShares Expanded Tech-Softwa 0.01% 2,100 $210K New
TLT iShares 20+ Year Treasury BD 0.01% 2,376 $207K New
CVS CVS Health Corp. 0.01% 4,614 $207K Reduce -17.1%
EXC Exelon Corp. 0.01% 5,364 $202K Reduce -6.4%
FSIG FT Ltd. Duration Inv Grade 0.01% 10,269 $194K No change
SAN Banco Santander SA-Spon ADR 0.01% 40,000 $182K No change
PSEC Prospect Capital Corp. 0.01% 34,936 $151K Add +3.5%
GNL Global Net Lease Inc. 0.01% 20,500 $150K No change
RC Ready Capital Corp. 0.00% 10,000 $68K No change
LUMN Lumen Technologies Inc. 0.00% 10,000 $53K No change
TASEKO MINES LTD 0.00% 16,666 $32K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $717K (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 588$717KAdd +68.0%

Total filed on the 13F, all lines: $1.5B.

Portfolio Sells Q3 2024 → Q4 2024

GILD Gilead Sciences Inc. Reduce -93.4% 0.05% −0.66
EXE Expand Energy Corp. Sold out 0.00% −0.50
QCOM Qualcomm Inc. Reduce -38.8% 0.42% −0.35
EOG EOG Resources Inc. Reduce -39.5% 0.44% −0.31
XOM Exxon Mobil Corp. Reduce -3.4% 1.54% −0.23
CFG Citizens Financial Group Reduce -93.0% 0.02% −0.20
PFE Pfizer Inc. Reduce -21.5% 0.47% −0.19
WEN The Wendy's Co. Sold out 0.00% −0.14
LYB Lyondellbasell Indu Class A Reduce -0.7% 0.41% −0.13
PG The Procter & Gamble Co. Reduce -1.8% 1.59% −0.11
GD General Dynamics Corp. Reduce -0.3% 0.64% −0.11
LLY Eli Lilly & Co. Reduce -0.9% 0.61% −0.11
CADE Cadence Bank Reduce -11.6% 1.56% −0.10
AGG iShares Core U.S. Aggregate Reduce -78.1% 0.02% −0.09
RTX RTX Corp. Reduce -0.4% 1.16% −0.08
VTI VG Morningstar TS MKT ETF-US Reduce -26.2% 0.22% −0.08
MRK Merck & Co. Inc. Reduce -3.6% 0.34% −0.07
LOW Lowe's Cos Inc. Reduce -2.2% 0.48% −0.07
KO The Coca-Cola Co. Reduce -3.6% 0.29% −0.06
IWS iShares Russell Mid-Cap Valu Reduce -45.0% 0.07% −0.06
MDT Medtronic PLC Reduce -0.3% 0.40% −0.06
TMO Thermo Fisher Scientific Inc. Reduce -1.3% 0.24% −0.06
EFA iShares MSCI Eafe ETF Reduce -1.4% 0.37% −0.05
JNJ Johnson & Johnson Reduce -2.8% 0.30% −0.05
DHR Danaher Corp. Reduce -3.5% 0.18% −0.05
HMC Honda Motor Co. Ltd.-Spons ADR Reduce -6.3% 0.21% −0.04
WEST Westrock Coffee Co. Reduce -35.0% 0.07% −0.04
HD Home Depot Inc. Reduce -3.1% 0.40% −0.04
CVX Chevron Corp. Reduce -5.5% 0.39% −0.04
VZ Verizon Communications Inc. Reduce -13.5% 0.11% −0.04
UNP Union Pacific Corp. Reduce -1.8% 0.27% −0.03
AMGN Amgen Inc. Reduce -4.0% 0.09% −0.03
VOO Vanguard S&P 500 ETF Reduce -6.3% 0.46% −0.03
UFPI Ufp Industries Inc. Reduce -0.7% 0.14% −0.03
COP Conocophillips Reduce -3.1% 0.23% −0.03
TXN Texas Instruments Inc. Reduce -4.2% 0.15% −0.03
LMT Lockheed Martin Corp. Reduce -5.6% 0.08% −0.03
IWP iShares Russell Mid-Cap Grow Reduce -26.1% 0.09% −0.02
UNH Unitedhealth Group Inc. Reduce -6.8% 0.09% −0.02
MGV Vngrd Mrgstr MG CP VL ETF-Ui Sold out 0.00% −0.02
IBM Intl Business Machines Corp. Reduce -0.8% 0.71% −0.02
TGT Target Corp. Reduce -0.5% 0.12% −0.02
ICLR Icon PLC Reduce -0.7% 0.05% −0.02
RDIV Invesco S&P Ultra Dividend Reduce -1.5% 0.30% −0.02
LRCX Lam Research Corp. Reduce -0.6% 0.13% −0.02
SDY SS SPDR S&P Dividend ETF Reduce -5.0% 0.13% −0.02
GIS General Mills Inc. Reduce -0.3% 0.11% −0.02
ENPH Enphase Energy Inc. Sold out 0.00% −0.02
SBUX Starbucks Corp. Sold out 0.00% −0.02
SO The Southern Co. Reduce -8.9% 0.08% −0.02

Portfolio Buys Q3 2024 → Q4 2024

WMT Walmart Inc. Add +70.9% 1.90% +0.89
SIRI Sirius XM Holdings Inc. New 0.60% +0.60
CAG Conagra Brands Inc. New 0.50% +0.50
DELL Dell Technologies -C New 0.34% +0.34
UPS United Parcel Service Class B Add +98.3% 0.63% +0.28
MCD McDonald's Corp. Add +65.9% 0.69% +0.25
TFC Truist Financial Corp. Add +39.5% 0.76% +0.21
LW Lamb Weston Holdings Inc. New 0.17% +0.17
JEPI JPMorgan Equity Premium Inco Add +47.0% 0.56% +0.16
MTN Vail Resorts Inc. Add +15.1% 0.82% +0.15
GOOGL Alphabet Inc. Class A Add +1.4% 1.12% +0.14
MGC Vngrd Mrngstr MG Cap ETF-Usd Add +0.8% 6.12% +0.12
JEPQ JPM Nasdaq Equity Premium Add +750.8% 0.13% +0.12
VCIT Vanguard Int-Term Corporate Add +524.0% 0.13% +0.11
FLOT iShares Floating Rate Bond E Add +38.9% 0.40% +0.11
BND Vanguard Total Bond Market Add +19.5% 0.75% +0.08
VB Vanguard Most SM-Cap ETF-Usd Add +7.5% 1.22% +0.08
NTR Nutrien Ltd. Add +33.9% 0.37% +0.07
VCSH Vanguard S/T Corp. Bond ETF Add +119.6% 0.11% +0.06
V Visa Inc. Class A Add +2.6% 0.40% +0.05
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +5.9% 1.30% +0.05
NKE Nike Inc. Class B Add +36.4% 0.39% +0.05
MSFT Microsoft Corp. Add +5.1% 3.86% +0.05
VOOG Vanguard S&P 500 Growth ETF Add +108.2% 0.08% +0.05
NN Nextnav Inc. New 0.04% +0.04
FHI Federated Hermes Inc. Add +0.6% 0.34% +0.03
MGK Vngrd Mrgstr MG CP GR ETF-Ui New 0.03% +0.03
SLB SLB Ltd. Add +17.9% 0.45% +0.03
CAT Caterpillar Inc. Add +99.6% 0.05% +0.02
DG Dollar General Corp. New 0.02% +0.02
ULTA Ulta Beauty Inc. Add +36.8% 0.06% +0.02
TJX TJX Companies Inc. Add +28.4% 0.07% +0.02
BKLN Invesco Senior Loan ETF New 0.02% +0.02
SPGP Invesco S&P 500 Garp ETF New 0.02% +0.02
EPD Enterprise Products Partners Add +8.9% 0.12% +0.02
FDX FedEx Corp. Add +1.4% 0.62% +0.02
VFH Vanguard Financials ETF New 0.01% +0.01
IGV iShares Expanded Tech-Softwa New 0.01% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +71.8% 0.03% +0.01
TLT iShares 20+ Year Treasury BD New 0.01% +0.01
UBER Uber Technologies Inc. Add +141.5% 0.03% +0.01
QQQ Invesco QQQ Trust Series 1 Add +4.4% 0.16% +0.01
IEF iShares 7-10 Year Treasury B Add +26.1% 0.08% +0.01
TSLA Tesla Inc. Add +6.7% 0.03% +0.01
BSM Black Stone Minerals LP Add +38.6% 0.04% +0.01
T AT&T Inc. Add +10.8% 0.07% +0.01
VGT Vanguard Info Tech ETF Add +35.6% 0.03% +0.01
BLK BlackRock Inc. Add +14.0% 0.03% +0.01
BEN Franklin Templeton Inc. Add +1.8% 0.56% +0.00
IEFA iShares Core MSCI Eafe ETF Add +24.0% 0.05% +0.00

Notes & Other Activity Q3 2024 → Q4 2024

BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +68.0% 588 $717K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 331$1.7BMUSA, MGC, AVGO, MSFT, AAPL
Q3 2025 336$1.6BMUSA, MGC, AVGO, MSFT, AAPL
Q2 2025 337$1.5BMUSA, MGC, MSFT, AVGO, AAPL
Q1 2025 321$1.4BMUSA, MGC, MSFT, MUR, AAPL
Q4 2024 328$1.5BMUSA, MGC, AVGO, MSFT, AAPL
Q3 2024 329$1.5BMUSA, MGC, MUR, MSFT, AAPL
Q2 2024 293$1.3BMUSA, MGC, MUR, MSFT, AAPL
Q1 2024 338$1.4BMUSA, MGC, MUR, MSFT, AVGO