Capital Square, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Capital Square, LLC reported 191 stock positions worth $170.3 million. Its top holding was iShares Preferred & Income S (PFF) at 7.6% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 5.4%) and Eli Lilly (LLY, 2.5%). Compared with Q4 2024, it opened 13 new positions, sold out of 11, added to 82 and reduced 69. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +257%) and the biggest sale an exit from Vngrd Mrngstr MD-Cap Val ETF (VOE).
- Most Recent 13F
- Q2 2026
- Location
- ATHENS, TN
- CIK
- 0001798736
- Portfolio Value
- $170.3M (Q1 2025)
- SEC Filing
- 0001798736-25-000002 ↗ filed May 14, 2025
Holdings Value
Holdings 191 stocks · $170.3M
| PFF iShares Preferred & Income S | 7.61% | 421,408 | $12.9M | Add +0.9% |
| VTI VG Morningstar TS MKT ETF-US | 5.44% | 33,679 | $9.3M | Add +6.5% |
| LLY Eli Lilly & Co. | 2.52% | 5,189 | $4.3M | Add +2.3% |
| AMZN Amazon.com Inc. | 2.25% | 20,129 | $3.8M | Reduce -4.3% |
| MO Altria Group Inc. | 2.21% | 62,766 | $3.8M | Reduce -0.3% |
| SCHD Schwab US DVD Equity ETF | 2.09% | 127,115 | $3.6M | Add +11.2% |
| HD Home Depot Inc. | 1.86% | 8,664 | $3.2M | Reduce -1.6% |
| CTRE Caretrust REIT Inc. | 1.80% | 107,010 | $3.1M | Add +6.9% |
| AAPL Apple Inc. | 1.79% | 13,747 | $3.1M | Reduce -4.9% |
| WPC WP Carey Inc. | 1.72% | 46,365 | $2.9M | Reduce -4.0% |
| O Realty Income Corp. | 1.71% | 50,290 | $2.9M | Reduce -1.4% |
| RITM Rithm Capital Corp. | 1.66% | 246,464 | $2.8M | Reduce -0.3% |
| AMT American Tower Corp. | 1.52% | 11,922 | $2.6M | Reduce -1.1% |
| SO The Southern Co. | 1.37% | 25,427 | $2.3M | Add +2.5% |
| FHN First Horizon Corp. | 1.36% | 119,328 | $2.3M | No change |
| BND Vanguard Total Bond Market | 1.23% | 28,550 | $2.1M | Add +25.8% |
| IMCG iShares Morningstar Mid-Cap | 1.22% | 29,150 | $2.1M | Reduce -1.9% |
| PG The Procter & Gamble Co. | 1.15% | 11,510 | $2.0M | Add +2.2% |
| PCH Potlatchdeltic Corp. | 1.12% | 42,195 | $1.9M | Add +2.8% |
| SLYG SS SPDR S&P 600 SC GR ETF | 1.10% | 22,643 | $1.9M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 1.10% | 15,774 | $1.9M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 1.05% | 7,299 | $1.8M | Reduce -0.8% |
| PLD Prologis Inc. | 1.01% | 15,378 | $1.7M | Reduce -4.5% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.00% | 13,196 | $1.7M | Add +0.9% |
| IVW iShares S&P 500 Growth ETF | 0.96% | 17,665 | $1.6M | Add +4.7% |
| MSFT Microsoft Corp. | 0.93% | 4,205 | $1.6M | Reduce -14.6% |
| UPS United Parcel Service Class B | 0.90% | 13,861 | $1.5M | Add +88.5% |
| ELS Equity Lifestyle Properties | 0.87% | 22,284 | $1.5M | Reduce -4.2% |
| IVV iShares Core S&P 500 ETF | 0.86% | 2,621 | $1.5M | Add +0.5% |
| NVDA Nvidia Corp. | 0.84% | 13,161 | $1.4M | Add +24.8% |
| VUSB Vanguard Ultra Short Bond Et | 0.79% | 27,120 | $1.4M | Add +16.9% |
| LOW Lowe's Cos Inc. | 0.79% | 5,742 | $1.3M | Reduce -0.2% |
| CCI Crown Castle Inc. | 0.78% | 12,716 | $1.3M | Reduce -0.0% |
| TLT iShares 20+ Year Treasury BD | 0.77% | 14,353 | $1.3M | Add +257.1% |
| CPT Camden Property Trust | 0.76% | 10,559 | $1.3M | Reduce -2.9% |
| DIVO Amplify CWP Enhan Divid ETF | 0.75% | 31,246 | $1.3M | Add +12.3% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 0.75% | 25,264 | $1.3M | Add +28.9% |
| IVE iShares S&P 500 Value ETF | 0.74% | 6,577 | $1.3M | Add +12.6% |
| ETN Eaton Corp. PLC | 0.69% | 4,297 | $1.2M | Reduce -8.3% |
| WELL Welltower Inc. | 0.68% | 7,546 | $1.2M | Add +14.4% |
| EXR Extra Space Storage Inc. | 0.68% | 7,761 | $1.2M | Reduce -4.8% |
| VOO Vanguard S&P 500 ETF | 0.66% | 2,183 | $1.1M | Add +5.9% |
| NSC Norfolk Southern Corp. | 0.66% | 4,731 | $1.1M | Reduce -2.0% |
| FVD First Trust Value Line DVD | 0.65% | 24,791 | $1.1M | Add +3.0% |
| VGT Vanguard Info Tech ETF | 0.65% | 2,038 | $1.1M | Reduce -1.4% |
| JNJ Johnson & Johnson | 0.64% | 6,613 | $1.1M | Add +12.7% |
| NFLX Netflix Inc. | 0.64% | 1,173 | $1.1M | Add +49.8% |
| VCLT Vanguard Long-Term Corp. Bond | 0.64% | 14,370 | $1.1M | Add +10.5% |
| SCHG Schwab US Large-Cap Growth | 0.64% | 43,272 | $1.1M | Add +3.7% |
| QPFF American Century Qual Pref | 0.64% | 30,619 | $1.1M | No change |
| ADC Agree Realty Corp. | 0.64% | 14,031 | $1.1M | Reduce -9.6% |
| T AT&T Inc. | 0.63% | 38,091 | $1.1M | Add +0.4% |
| TRNO Terreno Realty Corp. | 0.63% | 16,980 | $1.1M | Reduce -9.3% |
| USIG iShares Broad Usd Investment | 0.63% | 20,860 | $1.1M | Add +12.4% |
| MRK Merck & Co. Inc. | 0.62% | 11,694 | $1.0M | Add +4.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 1,946 | $1.0M | Add +3.6% |
| DLR Digital Realty Trust Inc. | 0.60% | 7,127 | $1.0M | Reduce -35.0% |
| COLD Americold Realty Trust Inc. | 0.60% | 47,246 | $1.0M | Add +1.0% |
| COST Costco Wholesale Corp. | 0.55% | 984 | $931K | Add +4.0% |
| LADR Ladder Capital Corp.-REIT | 0.54% | 80,630 | $920K | Add +1.1% |
| IWP iShares Russell Mid-Cap Grow | 0.53% | 7,683 | $903K | Add +2.2% |
| ADDYY Adidas AG-Sponsored ADR | 0.51% | 7,418 | $868K | Reduce -12.4% |
| CVX Chevron Corp. | 0.51% | 5,184 | $867K | Reduce -0.0% |
| FBND Fidelity Total Bond ETF | 0.50% | 18,682 | $853K | Add +4.8% |
| BLV Vanguard Long-Term Bond ETF | 0.49% | 11,892 | $837K | Add +3.4% |
| IJT iShares S&P Small-Cap 600 GR | 0.49% | 6,643 | $827K | Reduce -1.8% |
| XLK SS Technology Select Sector | 0.48% | 3,958 | $817K | Add +2.9% |
| INVH Invitation Homes Inc. | 0.48% | 23,371 | $814K | Reduce -1.7% |
| WMT Walmart Inc. | 0.47% | 9,036 | $793K | Reduce -3.1% |
| NNN NNN REIT Inc. | 0.47% | 18,596 | $793K | Reduce -2.1% |
| CCL Carnival Corp. | 0.46% | 40,380 | $789K | Reduce -0.9% |
| RTX RTX Corp. | 0.45% | 5,842 | $774K | Reduce -1.1% |
| FTCS First Trust Capital Strength | 0.44% | 8,443 | $757K | Reduce -3.6% |
| GOOGL Alphabet Inc. Class A | 0.41% | 4,564 | $706K | Reduce -2.8% |
| KO The Coca-Cola Co. | 0.41% | 9,760 | $699K | Add +2.0% |
| USB US Bancorp | 0.41% | 16,547 | $699K | No change |
| AVB Avalonbay Communities Inc. | 0.40% | 3,181 | $683K | Reduce -4.4% |
| XHB SS SPDR S&P Homebldrs ETF | 0.40% | 7,033 | $682K | Add +5.7% |
| LMT Lockheed Martin Corp. | 0.39% | 1,474 | $658K | Reduce -1.1% |
| VZ Verizon Communications Inc. | 0.38% | 14,147 | $642K | Reduce -1.2% |
| NXRT Nexpoint Residential | 0.36% | 15,402 | $609K | Add +20.9% |
| NOW ServiceNow Inc. | 0.35% | 755 | $601K | Add +7.7% |
| FLXR TCW Flexible Income ETF | 0.34% | 14,953 | $586K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 2,545 | $564K | Add +15.2% |
| DUK Duke Energy Corp. | 0.33% | 4,606 | $562K | Add +7.2% |
| FPI Farmland Partners Inc. | 0.33% | 49,856 | $556K | Reduce -0.4% |
| CAT Caterpillar Inc. | 0.32% | 1,654 | $545K | Reduce -8.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.31% | 6,735 | $531K | Reduce -29.7% |
| C Citigroup Inc. | 0.31% | 7,472 | $530K | Reduce -0.7% |
| CSR Centerspace | 0.31% | 8,096 | $524K | Add +0.0% |
| AMH American Homes 4 Rent- A | 0.31% | 13,787 | $521K | Add +0.7% |
| PAUG Innovator U.S. Equity Power | 0.30% | 13,747 | $519K | Reduce -12.3% |
| GPC Genuine Parts Co. | 0.30% | 4,357 | $519K | New |
| ARE Alexandria Real Estate Equit | 0.30% | 5,502 | $509K | No change |
| BRT BRT Apartments Corp. | 0.28% | 28,456 | $484K | Add +0.0% |
| META Meta Platforms Inc. Class A | 0.27% | 803 | $463K | Add +2.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.27% | 1,230 | $456K | Add +5.6% |
| CHCT Community Healthcare Trust I | 0.26% | 24,669 | $448K | Add +5.2% |
| MFA Mfa Financial Inc. | 0.26% | 43,470 | $446K | Add +3.3% |
| GEV GE Vernova Inc. | 0.26% | 1,447 | $442K | Add +91.4% |
Portfolio Sells Q4 2024 → Q1 2025
| VOE Vngrd Mrngstr MD-Cap Val ETF | Sold out | 0.00% | −1.40 |
| RFV Invesco S&P Midcap 400 Pure | Sold out | 0.00% | −0.70 |
| AVUV Avantis US Small Cap Value | Sold out | 0.00% | −0.68 |
| AMZN Amazon.com Inc. | Reduce -4.3% | 2.25% | −0.56 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.55 |
| DLR Digital Realty Trust Inc. | Reduce -35.0% | 0.60% | −0.52 |
| MSFT Microsoft Corp. | Reduce -14.6% | 0.93% | −0.32 |
| ETN Eaton Corp. PLC | Reduce -8.3% | 0.69% | −0.30 |
| HD Home Depot Inc. | Reduce -1.6% | 1.86% | −0.21 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.14 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.14 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.14 |
| ADDYY Adidas AG-Sponsored ADR | Reduce -12.4% | 0.51% | −0.13 |
| CEG Constellation Energy | Reduce -0.3% | 0.20% | −0.13 |
| XSD SS SPDR S&P Semiconductor | Sold out | 0.00% | −0.13 |
| CCL Carnival Corp. | Reduce -0.9% | 0.46% | −0.13 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.12 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -29.7% | 0.31% | −0.12 |
| IMCG iShares Morningstar Mid-Cap | Reduce -1.9% | 1.22% | −0.12 |
| GOOGL Alphabet Inc. Class A | Reduce -2.8% | 0.41% | −0.12 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -1.1% | 1.10% | −0.12 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.12 |
| MLR Miller Industries Inc. | Sold out | 0.00% | −0.11 |
| VGT Vanguard Info Tech ETF | Reduce -1.4% | 0.65% | −0.10 |
| CAT Caterpillar Inc. | Reduce -8.2% | 0.32% | −0.10 |
| AVGO Broadcom Inc. | Reduce -4.8% | 0.16% | −0.08 |
| PLD Prologis Inc. | Reduce -4.5% | 1.01% | −0.08 |
| AXP American Express Co. | Reduce -16.1% | 0.20% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -0.2% | 0.79% | −0.07 |
| CRK Comstock Resources Inc. | Reduce -26.0% | 0.21% | −0.07 |
| TRNO Terreno Realty Corp. | Reduce -9.3% | 0.63% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 0.22% | −0.06 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -1.8% | 0.49% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -0.8% | 1.05% | −0.06 |
| PAUG Innovator U.S. Equity Power | Reduce -12.3% | 0.30% | −0.04 |
| NSC Norfolk Southern Corp. | Reduce -2.0% | 0.66% | −0.04 |
| AAPL Apple Inc. | Reduce -4.9% | 1.79% | −0.04 |
| C Citigroup Inc. | Reduce -0.7% | 0.31% | −0.04 |
| WMT Walmart Inc. | Reduce -3.1% | 0.47% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -1.1% | 0.39% | −0.03 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -10.9% | 0.19% | −0.03 |
| MAA Mid-America Apartment Comm | Reduce -28.4% | 0.17% | −0.03 |
| VFH Vanguard Financials ETF | Reduce -15.9% | 0.17% | −0.03 |
| OKE Oneok Inc. | Reduce -15.3% | 0.16% | −0.03 |
| XLY SS Consumer Disc Select Sect | Reduce -7.3% | 0.13% | −0.03 |
| MS Morgan Stanley | Reduce -5.3% | 0.14% | −0.03 |
| EXR Extra Space Storage Inc. | Reduce -4.8% | 0.68% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -9.2% | 0.21% | −0.03 |
| BLK BlackRock Inc. | Reduce -12.1% | 0.12% | −0.02 |
| DIS The Walt Disney Co. | Reduce -5.2% | 0.13% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| TLT iShares 20+ Year Treasury BD | Add +257.1% | 0.77% | +0.57 |
| FLXR TCW Flexible Income ETF | New | 0.34% | +0.34 |
| UPS United Parcel Service Class B | Add +88.5% | 0.90% | +0.34 |
| GPC Genuine Parts Co. | New | 0.30% | +0.30 |
| BND Vanguard Total Bond Market | Add +25.8% | 1.23% | +0.30 |
| CTRE Caretrust REIT Inc. | Add +6.9% | 1.80% | +0.27 |
| SCHD Schwab US DVD Equity ETF | Add +11.2% | 2.09% | +0.26 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.25% | +0.25 |
| LLY Eli Lilly & Co. | Add +2.3% | 2.52% | +0.25 |
| NFLX Netflix Inc. | Add +49.8% | 0.64% | +0.21 |
| FCG First Trust Natural Gas ETF | New | 0.20% | +0.20 |
| BUFF Innovator Laddered Allocatio | New | 0.20% | +0.20 |
| SO The Southern Co. | Add +2.5% | 1.37% | +0.20 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.17% | +0.17 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Add +28.9% | 0.75% | +0.17 |
| WELL Welltower Inc. | Add +14.4% | 0.68% | +0.17 |
| JNJ Johnson & Johnson | Add +12.7% | 0.64% | +0.15 |
| PCH Potlatchdeltic Corp. | Add +2.8% | 1.12% | +0.15 |
| XOM Exxon Mobil Corp. | Add +1.9% | 1.10% | +0.15 |
| EEM iShares MSCI Emerging Market | New | 0.14% | +0.14 |
| T AT&T Inc. | Add +0.4% | 0.63% | +0.14 |
| XME SS SPDR S&P Metals Mining | New | 0.14% | +0.14 |
| VUSB Vanguard Ultra Short Bond Et | Add +16.9% | 0.79% | +0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.13% | +0.13 |
| DG Dollar General Corp. | New | 0.13% | +0.13 |
| IRM Iron Mountain Inc. | New | 0.13% | +0.13 |
| FDL First Trust Morn DVD Lead Inc. | New | 0.12% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.6% | 0.61% | +0.11 |
| PG The Procter & Gamble Co. | Add +2.2% | 1.15% | +0.10 |
| HBAN Huntington Bancshares Inc. | New | 0.10% | +0.10 |
| USIG iShares Broad Usd Investment | Add +12.4% | 0.63% | +0.09 |
| VCLT Vanguard Long-Term Corp. Bond | Add +10.5% | 0.64% | +0.09 |
| IVE iShares S&P 500 Value ETF | Add +12.6% | 0.74% | +0.09 |
| DIVO Amplify CWP Enhan Divid ETF | Add +12.3% | 0.75% | +0.08 |
| GEV GE Vernova Inc. | Add +91.4% | 0.26% | +0.08 |
| NXRT Nexpoint Residential | Add +20.9% | 0.36% | +0.08 |
| KO The Coca-Cola Co. | Add +2.0% | 0.41% | +0.07 |
| DUK Duke Energy Corp. | Add +7.2% | 0.33% | +0.06 |
| CI The Cigna Group | Add +9.3% | 0.24% | +0.05 |
| SUI Sun Communities Inc. | Add +0.9% | 1.00% | +0.05 |
| FBND Fidelity Total Bond ETF | Add +4.8% | 0.50% | +0.05 |
| BLV Vanguard Long-Term Bond ETF | Add +3.4% | 0.49% | +0.04 |
| FVD First Trust Value Line DVD | Add +3.0% | 0.65% | +0.04 |
| COST Costco Wholesale Corp. | Add +4.0% | 0.55% | +0.04 |
| LADR Ladder Capital Corp.-REIT | Add +1.1% | 0.54% | +0.04 |
| AMH American Homes 4 Rent- A | Add +0.7% | 0.31% | +0.04 |
| XLP SS Consumer Staples Sel Sect | Add +12.9% | 0.19% | +0.03 |
| KR Kroger Co. | Add +0.0% | 0.20% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +35.8% | 0.15% | +0.03 |
| CSR Centerspace | Add +0.0% | 0.31% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 240 | $227.5M | VTI, PFF, LLY, MO, AMZN |
| Q1 2026 | 226 | $216.9M | VTI, PFF, PFXF, AMZN, MO |
| Q4 2025 | 221 | $196.0M | VTI, PFF, LLY, AMZN, FLXR |
| Q3 2025 | 210 | $196.1M | PFF, VTI, FLXR, AMZN, LLY |
| Q2 2025 | 201 | $187.6M | PFF, VTI, AMZN, LLY, MO |
| Q1 2025 | 191 | $170.3M | PFF, VTI, LLY, AMZN, MO |
| Q4 2024 | 189 | $176.0M | PFF, VTI, AMZN, LLY, HD |
| Q3 2024 | 169 | $164.7M | PFF, VTI, LLY, AMZN, AMT |
| Q2 2024 | 159 | $153.8M | PFF, VTI, LLY, AMZN, AMT |
| Q1 2024 | 156 | $141.7M | PFF, VTI, LLY, AMZN, AMT |