Capital Square, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 21, 2025), Capital Square, LLC reported 210 stock positions worth $196.1 million. Its top holding was iShares Preferred & Income S (PFF) at 6.6% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 6.0%) and TCW Flexible Income ETF (FLXR, 2.7%). Compared with Q2 2025, it opened 22 new positions, sold out of 13, added to 86 and reduced 73. The biggest buy was TCW Flexible Income ETF (FLXR, shares +255%) and the biggest sale an exit from Eaton (ETN).
- Most Recent 13F
- Q2 2026
- Location
- ATHENS, TN
- CIK
- 0001798736
- Portfolio Value
- $196.1M (Q3 2025)
- SEC Filing
- 0001798736-25-000007 ↗ filed Nov 21, 2025
Holdings Value
Holdings 210 stocks · $196.1M
| PFF iShares Preferred & Income S | 6.59% | 408,697 | $12.9M | Add +0.1% |
| VTI VG Morningstar TS MKT ETF-US | 5.98% | 35,770 | $11.7M | Add +2.4% |
| FLXR TCW Flexible Income ETF | 2.66% | 131,238 | $5.2M | Add +255.3% |
| AMZN Amazon.com Inc. | 2.28% | 20,375 | $4.5M | Add +0.6% |
| LLY Eli Lilly & Co. | 2.19% | 5,620 | $4.3M | Reduce -1.4% |
| MO Altria Group Inc. | 2.17% | 64,496 | $4.3M | Add +0.3% |
| HD Home Depot Inc. | 1.78% | 8,618 | $3.5M | Reduce -0.5% |
| DIVO Amplify CWP Enhan Divid ETF | 1.65% | 72,600 | $3.2M | Add +3.4% |
| BND Vanguard Total Bond Market | 1.62% | 42,835 | $3.2M | Add +7.4% |
| AAPL Apple Inc. | 1.61% | 12,427 | $3.2M | Reduce -1.7% |
| O Realty Income Corp. | 1.59% | 51,164 | $3.1M | Add +1.8% |
| CTRE Caretrust REIT Inc. | 1.58% | 89,461 | $3.1M | Reduce -14.1% |
| WPC WP Carey Inc. | 1.51% | 43,771 | $3.0M | Reduce -3.3% |
| RITM Rithm Capital Corp. | 1.49% | 255,853 | $2.9M | Add +2.3% |
| NVDA Nvidia Corp. | 1.37% | 14,401 | $2.7M | Reduce -0.9% |
| IVW iShares S&P 500 Growth ETF | 1.33% | 21,553 | $2.6M | Add +25.9% |
| FHN First Horizon Corp. | 1.31% | 113,542 | $2.6M | Reduce -2.0% |
| IMCG iShares Morningstar Mid-Cap | 1.27% | 30,084 | $2.5M | Add +6.5% |
| SO The Southern Co. | 1.27% | 26,213 | $2.5M | Add +2.5% |
| SLYG SS SPDR S&P 600 SC GR ETF | 1.15% | 24,015 | $2.3M | Add +8.4% |
| MSFT Microsoft Corp. | 1.10% | 4,151 | $2.2M | Reduce -2.2% |
| UPS United Parcel Service Class B | 1.09% | 25,677 | $2.1M | Add +30.8% |
| JPM JPMorgan Chase & Co. | 1.03% | 6,434 | $2.0M | Reduce -3.2% |
| PJUL Innovator U.S. Equity Power | 1.03% | 44,231 | $2.0M | Add +1.1% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.03% | 46,887 | $2.0M | Add +7.3% |
| IVV iShares Core S&P 500 ETF | 1.01% | 2,965 | $2.0M | Add +1.2% |
| AMT American Tower Corp. | 0.99% | 10,079 | $1.9M | Reduce -12.0% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.96% | 40,340 | $1.9M | Add +2.6% |
| IVE iShares S&P 500 Value ETF | 0.95% | 9,065 | $1.9M | Add +35.2% |
| SPSB SS SPDR P St C Corp. ETF | 0.94% | 60,831 | $1.8M | Add +2.7% |
| PCH Potlatchdeltic Corp. | 0.93% | 44,723 | $1.8M | Add +0.3% |
| PLD Prologis Inc. | 0.90% | 15,358 | $1.8M | Reduce -0.3% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.88% | 13,328 | $1.7M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.87% | 11,137 | $1.7M | Add +1.9% |
| XOM Exxon Mobil Corp. | 0.86% | 14,989 | $1.7M | Reduce -2.4% |
| VGT Vanguard Info Tech ETF | 0.85% | 2,235 | $1.7M | Add +12.5% |
| WELL Welltower Inc. | 0.80% | 8,788 | $1.6M | Add +8.5% |
| VOO Vanguard S&P 500 ETF | 0.75% | 2,404 | $1.5M | Add +8.7% |
| LOW Lowe's Cos Inc. | 0.73% | 5,732 | $1.4M | Reduce -1.7% |
| NSC Norfolk Southern Corp. | 0.68% | 4,450 | $1.3M | Reduce -1.8% |
| SCHD Schwab US DVD Equity ETF | 0.68% | 48,749 | $1.3M | Reduce -47.4% |
| ELS Equity Lifestyle Properties | 0.65% | 20,939 | $1.3M | Reduce -6.0% |
| JNJ Johnson & Johnson | 0.63% | 6,665 | $1.2M | Add +2.3% |
| SCHG Schwab US Large-Cap Growth | 0.61% | 37,688 | $1.2M | Reduce -1.0% |
| DLR Digital Realty Trust Inc. | 0.60% | 6,788 | $1.2M | Add +0.6% |
| XLK SS Technology Select Sector | 0.59% | 4,129 | $1.2M | Add +0.5% |
| GEV GE Vernova Inc. | 0.58% | 1,866 | $1.1M | Add +2.3% |
| IWP iShares Russell Mid-Cap Grow | 0.58% | 8,006 | $1.1M | Add +3.8% |
| CCI Crown Castle Inc. | 0.58% | 11,692 | $1.1M | Reduce -8.1% |
| FVD First Trust Value Line DVD | 0.57% | 24,079 | $1.1M | Reduce -3.0% |
| NFLX Netflix Inc. | 0.57% | 926 | $1.1M | Reduce -18.8% |
| MRK Merck & Co. Inc. | 0.56% | 13,138 | $1.1M | Reduce -3.4% |
| IJT iShares S&P Small-Cap 600 GR | 0.56% | 7,777 | $1.1M | Add +17.1% |
| GOOGL Alphabet Inc. Class A | 0.56% | 4,513 | $1.1M | Add +0.9% |
| TLT iShares 20+ Year Treasury BD | 0.56% | 12,234 | $1.1M | Reduce -18.4% |
| EXR Extra Space Storage Inc. | 0.54% | 7,507 | $1.1M | Reduce -2.3% |
| T AT&T Inc. | 0.53% | 36,740 | $1.0M | Add +2.4% |
| RTX RTX Corp. | 0.52% | 6,117 | $1.0M | Add +15.8% |
| TRNO Terreno Realty Corp. | 0.52% | 18,019 | $1.0M | Add +4.5% |
| COST Costco Wholesale Corp. | 0.50% | 1,054 | $976K | Add +3.6% |
| XHB SS SPDR S&P Homebldrs ETF | 0.49% | 8,722 | $966K | Add +1.5% |
| PFXF Vaneck Pref Sec X-Financials | 0.49% | 53,564 | $952K | New |
| WMT Walmart Inc. | 0.46% | 8,694 | $896K | Add +11.2% |
| LADR Ladder Capital Corp.-REIT | 0.45% | 80,894 | $883K | Add +1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 1,670 | $840K | Reduce -6.5% |
| LMT Lockheed Martin Corp. | 0.42% | 1,668 | $833K | Add +9.4% |
| CPT Camden Property Trust | 0.42% | 7,689 | $821K | Reduce -18.7% |
| CVX Chevron Corp. | 0.42% | 5,250 | $815K | Add +0.9% |
| NNN NNN REIT Inc. | 0.39% | 18,195 | $775K | Reduce -2.5% |
| CAT Caterpillar Inc. | 0.39% | 1,600 | $764K | Reduce -3.2% |
| OEF iShares S&P 100 ETF | 0.38% | 2,261 | $753K | Add +53.9% |
| USIG iShares Broad Usd Investment | 0.38% | 14,399 | $752K | Reduce -35.9% |
| FTCS First Trust Capital Strength | 0.38% | 7,963 | $746K | Reduce -5.8% |
| CEG Constellation Energy | 0.36% | 2,154 | $709K | Add +0.1% |
| INVH Invitation Homes Inc. | 0.36% | 23,910 | $701K | Reduce -1.0% |
| ADC Agree Realty Corp. | 0.34% | 9,469 | $673K | Reduce -2.5% |
| C Citigroup Inc. | 0.34% | 6,592 | $669K | No change |
| DUK Duke Energy Corp. | 0.34% | 5,369 | $664K | Add +12.6% |
| NOW ServiceNow Inc. | 0.33% | 706 | $650K | Reduce -9.9% |
| META Meta Platforms Inc. Class A | 0.32% | 843 | $620K | No change |
| GPC Genuine Parts Co. | 0.31% | 4,442 | $616K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.30% | 2,345 | $596K | No change |
| GOOG Alphabet Inc. Class C | 0.30% | 2,440 | $594K | Add +0.0% |
| AZO AutoZone Inc. | 0.30% | 136 | $583K | Add +9.7% |
| AVB Avalonbay Communities Inc. | 0.29% | 2,976 | $575K | Reduce -6.5% |
| KO The Coca-Cola Co. | 0.29% | 8,531 | $566K | Reduce -5.8% |
| SMA Smartstop Self Storage REIT | 0.29% | 14,955 | $563K | Add +18.1% |
| COLD Americold Realty Trust Inc. | 0.29% | 45,817 | $561K | Reduce -4.1% |
| ARE Alexandria Real Estate Equit | 0.27% | 6,400 | $533K | Add +2.3% |
| VZ Verizon Communications Inc. | 0.26% | 11,805 | $519K | Reduce -9.0% |
| VCLT Vanguard Long-Term Corp. Bond | 0.26% | 6,612 | $513K | Reduce -52.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.26% | 5,846 | $510K | Reduce -6.5% |
| CSR Centerspace | 0.26% | 8,620 | $508K | Add +3.0% |
| NXRT Nexpoint Residential | 0.26% | 15,681 | $505K | Reduce -0.9% |
| AVGO Broadcom Inc. | 0.25% | 1,505 | $497K | Reduce -8.9% |
| AAP Advance Auto Parts Inc. | 0.25% | 7,965 | $489K | Add +9.6% |
| FPI Farmland Partners Inc. | 0.25% | 44,435 | $483K | Reduce -6.7% |
| ABT Abbott Laboratories | 0.24% | 3,489 | $467K | Add +12.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.24% | 965 | $463K | Reduce -11.3% |
| FBND Fidelity Total Bond ETF | 0.24% | 9,987 | $462K | Reduce -41.2% |
Portfolio Sells Q2 2025 → Q3 2025
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.75 |
| SCHD Schwab US DVD Equity ETF | Reduce -47.4% | 0.68% | −0.67 |
| USB US Bancorp | Sold out | 0.00% | −0.59 |
| QPFF American Century Qual Pref | Sold out | 0.00% | −0.58 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.39 |
| AMT American Tower Corp. | Reduce -12.0% | 0.99% | −0.35 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.32 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -52.9% | 0.26% | −0.29 |
| ADDYY Adidas AG-Sponsored ADR | Sold out | 0.00% | −0.26 |
| BLV Vanguard Long-Term Bond ETF | Reduce -58.3% | 0.16% | −0.23 |
| USIG iShares Broad Usd Investment | Reduce -35.9% | 0.38% | −0.23 |
| LLY Eli Lilly & Co. | Reduce -1.4% | 2.19% | −0.22 |
| NFLX Netflix Inc. | Reduce -18.8% | 0.57% | −0.19 |
| FBND Fidelity Total Bond ETF | Reduce -41.2% | 0.24% | −0.18 |
| CPT Camden Property Trust | Reduce -18.7% | 0.42% | −0.15 |
| QGEN Qiagen N.V. | Sold out | 0.00% | −0.15 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.14 |
| COLD Americold Realty Trust Inc. | Reduce -4.1% | 0.29% | −0.14 |
| TLT iShares 20+ Year Treasury BD | Reduce -18.4% | 0.56% | −0.13 |
| CTRE Caretrust REIT Inc. | Reduce -14.1% | 1.58% | −0.12 |
| CCI Crown Castle Inc. | Reduce -8.1% | 0.58% | −0.12 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.11 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -2.4% | 0.86% | −0.08 |
| ELS Equity Lifestyle Properties | Reduce -6.0% | 0.65% | −0.08 |
| EXR Extra Space Storage Inc. | Reduce -2.3% | 0.54% | −0.08 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -30.9% | 0.14% | −0.07 |
| EXC Exelon Corp. | Reduce -28.8% | 0.16% | −0.07 |
| NOW ServiceNow Inc. | Reduce -9.9% | 0.33% | −0.06 |
| INVH Invitation Homes Inc. | Reduce -1.0% | 0.36% | −0.06 |
| AVB Avalonbay Communities Inc. | Reduce -6.5% | 0.29% | −0.05 |
| OKE Oneok Inc. | Reduce -19.4% | 0.11% | −0.05 |
| KO The Coca-Cola Co. | Reduce -5.8% | 0.29% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -29.4% | 0.12% | −0.05 |
| PR Permian Resources Corp. Class A | Reduce -24.7% | 0.09% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -3.4% | 0.56% | −0.04 |
| MSFT Microsoft Corp. | Reduce -2.2% | 1.10% | −0.04 |
| FHN First Horizon Corp. | Reduce -2.0% | 1.31% | −0.04 |
| FPI Farmland Partners Inc. | Reduce -6.7% | 0.25% | −0.03 |
| NNN NNN REIT Inc. | Reduce -2.5% | 0.39% | −0.03 |
| LCID Lucid Group Inc. | Sold out | 0.00% | −0.03 |
| COP Conocophillips | Reduce -17.6% | 0.12% | −0.03 |
| NXRT Nexpoint Residential | Reduce -0.9% | 0.26% | −0.03 |
| FVD First Trust Value Line DVD | Reduce -3.0% | 0.57% | −0.03 |
| FTCS First Trust Capital Strength | Reduce -5.8% | 0.38% | −0.03 |
| AMH American Homes 4 Rent- A | Reduce -0.4% | 0.22% | −0.03 |
| ADC Agree Realty Corp. | Reduce -2.5% | 0.34% | −0.03 |
| TFC Truist Financial Corp. | Reduce -17.2% | 0.11% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.5% | 0.43% | −0.03 |
| SUI Sun Communities Inc. | Reduce -0.9% | 0.88% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| FLXR TCW Flexible Income ETF | Add +255.3% | 2.66% | +1.89 |
| PFXF Vaneck Pref Sec X-Financials | New | 0.49% | +0.49 |
| IVW iShares S&P 500 Growth ETF | Add +25.9% | 1.33% | +0.32 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.4% | 5.98% | +0.27 |
| IVE iShares S&P 500 Value ETF | Add +35.2% | 0.95% | +0.25 |
| MO Altria Group Inc. | Add +0.3% | 2.17% | +0.19 |
| VTWO Vanguard Russell 2000 ETF | New | 0.15% | +0.15 |
| SLV iShares Silver Trust | New | 0.15% | +0.15 |
| OEF iShares S&P 100 ETF | Add +53.9% | 0.38% | +0.14 |
| VGT Vanguard Info Tech ETF | Add +12.5% | 0.85% | +0.14 |
| FIDU Fidelity MSCI Indust Indx | New | 0.13% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 0.56% | +0.13 |
| WELL Welltower Inc. | Add +8.5% | 0.80% | +0.13 |
| PSEP Innovator U.S. Equity Power | New | 0.12% | +0.12 |
| CRM Salesforce Inc. | New | 0.12% | +0.12 |
| HYGH iShares Int Rate Hedg HY ETF | New | 0.11% | +0.11 |
| AFL Aflac Inc. | New | 0.11% | +0.11 |
| XBI SS SPDR S&P Biotech ETF | New | 0.11% | +0.11 |
| ITB iShares U.S. Home Constructi | New | 0.11% | +0.11 |
| XMHQ Invesco S&P Midcap Qual ETF | New | 0.11% | +0.11 |
| HSCZ iShares Cur HDG MSCI Eafe SM | New | 0.11% | +0.11 |
| RTX RTX Corp. | Add +15.8% | 0.52% | +0.11 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.11% | +0.11 |
| XSMO Invesco S&P Smallcap Momentu | New | 0.11% | +0.11 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.11% | +0.11 |
| EDV Vanguard Extended Dur Treas | New | 0.11% | +0.11 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.10% | +0.10 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.10% | +0.10 |
| VTR Ventas Inc. | New | 0.10% | +0.10 |
| FDL First Trust Morn DVD Lead Inc. | New | 0.10% | +0.10 |
| XLE SS Energy Select Sector | New | 0.10% | +0.10 |
| VIG Vanguard Dividend Apprec ETF | New | 0.10% | +0.10 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +7.3% | 1.03% | +0.09 |
| JNJ Johnson & Johnson | Add +2.3% | 0.63% | +0.09 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +8.4% | 1.15% | +0.08 |
| IJT iShares S&P Small-Cap 600 GR | Add +17.1% | 0.56% | +0.08 |
| BND Vanguard Total Bond Market | Add +7.4% | 1.62% | +0.08 |
| VOO Vanguard S&P 500 ETF | Add +8.7% | 0.75% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 0.30% | +0.07 |
| WMT Walmart Inc. | Add +11.2% | 0.46% | +0.06 |
| IMCG iShares Morningstar Mid-Cap | Add +6.5% | 1.27% | +0.06 |
| GEV GE Vernova Inc. | Add +2.3% | 0.58% | +0.06 |
| O Realty Income Corp. | Add +1.8% | 1.59% | +0.05 |
| OXY Occidental Petroleum Corp. | Add +36.4% | 0.22% | +0.05 |
| AZO AutoZone Inc. | Add +9.7% | 0.30% | +0.05 |
| DIVO Amplify CWP Enhan Divid ETF | Add +3.4% | 1.65% | +0.05 |
| LMT Lockheed Martin Corp. | Add +9.4% | 0.42% | +0.04 |
| SMA Smartstop Self Storage REIT | Add +18.1% | 0.29% | +0.04 |
| DUK Duke Energy Corp. | Add +12.6% | 0.34% | +0.04 |
| UPS United Parcel Service Class B | Add +30.8% | 1.09% | +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 |