Capital Square, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Capital Square, LLC reported 221 stock positions worth $196.0 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 6.4% of the portfolio, followed by iShares Preferred & Income S (PFF, 4.6%) and Eli Lilly (LLY, 3.0%). Compared with Q3 2025, it opened 26 new positions, sold out of 15, added to 88 and reduced 88. The biggest buy was Vaneck Pref Sec X-Financials (PFXF, shares +217%) and the biggest sale iShares Preferred & Income S (PFF, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- ATHENS, TN
- CIK
- 0001798736
- Portfolio Value
- $196.0M (Q4 2025)
- SEC Filing
- 0001798736-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 221 stocks · $196.0M
| VTI VG Morningstar TS MKT ETF-US | 6.37% | 37,259 | $12.5M | Add +4.2% |
| PFF iShares Preferred & Income S | 4.64% | 29,371 | $9.1M | Reduce -92.8% |
| LLY Eli Lilly & Co. | 3.04% | 5,552 | $6.0M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 2.31% | 19,630 | $4.5M | Reduce -3.7% |
| FLXR TCW Flexible Income ETF | 2.07% | 102,650 | $4.1M | Reduce -21.8% |
| MO Altria Group Inc. | 1.92% | 65,215 | $3.8M | Add +1.1% |
| DIVO Amplify CWP Enhan Divid ETF | 1.78% | 78,311 | $3.5M | Add +7.9% |
| AAPL Apple Inc. | 1.75% | 12,587 | $3.4M | Add +1.3% |
| BND Vanguard Total Bond Market | 1.68% | 44,464 | $3.3M | Add +3.8% |
| HD Home Depot Inc. | 1.55% | 8,808 | $3.0M | Add +2.2% |
| PFXF Vaneck Pref Sec X-Financials | 1.53% | 169,968 | $3.0M | Add +217.3% |
| CTRE Caretrust REIT Inc. | 1.53% | 82,840 | $3.0M | Reduce -7.4% |
| O Realty Income Corp. | 1.38% | 47,952 | $2.7M | Reduce -6.3% |
| UPS United Parcel Service Class B | 1.36% | 26,812 | $2.7M | Add +4.4% |
| NVDA Nvidia Corp. | 1.35% | 14,236 | $2.7M | Reduce -1.1% |
| FHN First Horizon Corp. | 1.35% | 111,042 | $2.7M | Reduce -2.2% |
| IVW iShares S&P 500 Growth ETF | 1.34% | 21,352 | $2.6M | Reduce -0.9% |
| RITM Rithm Capital Corp. | 1.34% | 240,327 | $2.6M | Reduce -6.1% |
| WPC WP Carey Inc. | 1.25% | 38,193 | $2.5M | Reduce -12.7% |
| IMCG iShares Morningstar Mid-Cap | 1.21% | 29,652 | $2.4M | Reduce -1.4% |
| SO The Southern Co. | 1.18% | 26,580 | $2.3M | Add +1.4% |
| SLYG SS SPDR S&P 600 SC GR ETF | 1.14% | 23,771 | $2.2M | Reduce -1.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.14% | 49,391 | $2.2M | Add +5.3% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.05% | 44,239 | $2.1M | Add +9.7% |
| PJUL Innovator U.S. Equity Power | 1.05% | 44,319 | $2.1M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 1.03% | 6,295 | $2.0M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 1.02% | 16,692 | $2.0M | Add +11.4% |
| IVV iShares Core S&P 500 ETF | 1.02% | 2,918 | $2.0M | Reduce -1.6% |
| TLT iShares 20+ Year Treasury BD | 1.02% | 22,876 | $2.0M | Add +87.0% |
| SPSB SS SPDR P St C Corp. ETF | 1.01% | 65,843 | $2.0M | Add +8.2% |
| IVE iShares S&P 500 Value ETF | 0.99% | 9,127 | $1.9M | Add +0.7% |
| MSFT Microsoft Corp. | 0.97% | 3,914 | $1.9M | Reduce -5.7% |
| PG The Procter & Gamble Co. | 0.95% | 13,021 | $1.9M | Add +16.9% |
| VGT Vanguard Info Tech ETF | 0.87% | 2,262 | $1.7M | Add +1.2% |
| VOO Vanguard S&P 500 ETF | 0.78% | 2,452 | $1.5M | Add +2.0% |
| JNJ Johnson & Johnson | 0.78% | 7,403 | $1.5M | Add +11.1% |
| GOOGL Alphabet Inc. Class A | 0.73% | 4,564 | $1.4M | Add +1.1% |
| PLD Prologis Inc. | 0.72% | 11,009 | $1.4M | Reduce -28.3% |
| PCH Potlatchdeltic Corp. | 0.71% | 35,006 | $1.4M | Reduce -21.7% |
| MRK Merck & Co. Inc. | 0.70% | 13,098 | $1.4M | Reduce -0.3% |
| LOW Lowe's Cos Inc. | 0.70% | 5,699 | $1.4M | Reduce -0.6% |
| SCHD Schwab US DVD Equity ETF | 0.67% | 48,206 | $1.3M | Reduce -1.1% |
| SCHG Schwab US Large-Cap Growth | 0.66% | 39,742 | $1.3M | Add +5.5% |
| NSC Norfolk Southern Corp. | 0.64% | 4,331 | $1.3M | Reduce -2.7% |
| XLK SS Technology Select Sector | 0.61% | 8,348 | $1.2M | Add +1.1% |
| ETN Eaton Corp. PLC | 0.60% | 3,721 | $1.2M | New |
| GEV GE Vernova Inc. | 0.59% | 1,768 | $1.2M | Reduce -5.3% |
| TRNO Terreno Realty Corp. | 0.57% | 19,150 | $1.1M | Add +6.3% |
| IWP iShares Russell Mid-Cap Grow | 0.57% | 8,186 | $1.1M | Add +2.3% |
| RTX RTX Corp. | 0.57% | 6,098 | $1.1M | Reduce -0.3% |
| IJT iShares S&P Small-Cap 600 GR | 0.56% | 7,785 | $1.1M | Add +0.1% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.55% | 8,638 | $1.1M | Reduce -35.2% |
| FVD First Trust Value Line DVD | 0.53% | 22,599 | $1.0M | Reduce -6.2% |
| WELL Welltower Inc. | 0.53% | 5,575 | $1.0M | Reduce -36.6% |
| VIGI Vanguard Int Div App Indx FD | 0.52% | 11,077 | $1.0M | New |
| OEF iShares S&P 100 ETF | 0.49% | 2,822 | $968K | Add +24.8% |
| USIG iShares Broad Usd Investment | 0.48% | 18,107 | $937K | Add +25.8% |
| CAT Caterpillar Inc. | 0.47% | 1,601 | $917K | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 1,801 | $905K | Add +7.8% |
| WMT Walmart Inc. | 0.45% | 7,885 | $878K | Reduce -9.3% |
| T AT&T Inc. | 0.45% | 35,138 | $873K | Reduce -4.4% |
| ELS Equity Lifestyle Properties | 0.44% | 14,268 | $865K | Reduce -31.9% |
| LMT Lockheed Martin Corp. | 0.43% | 1,743 | $843K | Add +4.5% |
| CVX Chevron Corp. | 0.42% | 5,386 | $821K | Add +2.6% |
| VTWO Vanguard Russell 2000 ETF | 0.40% | 7,875 | $784K | Add +157.9% |
| LADR Ladder Capital Corp.-REIT | 0.40% | 71,013 | $780K | Reduce -12.2% |
| C Citigroup Inc. | 0.39% | 6,592 | $769K | No change |
| DUK Duke Energy Corp. | 0.39% | 6,556 | $768K | Add +22.1% |
| GOOG Alphabet Inc. Class C | 0.39% | 2,437 | $765K | Reduce -0.1% |
| CEG Constellation Energy | 0.39% | 2,158 | $762K | Add +0.2% |
| FTCS First Trust Capital Strength | 0.39% | 8,178 | $757K | Add +2.7% |
| EXR Extra Space Storage Inc. | 0.38% | 5,723 | $745K | Reduce -23.8% |
| CI The Cigna Group | 0.38% | 2,701 | $743K | Add +139.9% |
| VCLT Vanguard Long-Term Corp. Bond | 0.36% | 9,263 | $703K | Add +40.1% |
| COST Costco Wholesale Corp. | 0.36% | 809 | $698K | Reduce -23.2% |
| CPT Camden Property Trust | 0.34% | 6,013 | $662K | Reduce -21.8% |
| META Meta Platforms Inc. Class A | 0.33% | 981 | $648K | Add +16.4% |
| ADC Agree Realty Corp. | 0.32% | 8,744 | $630K | Reduce -7.7% |
| XHB SS SPDR S&P Homebldrs ETF | 0.31% | 5,910 | $609K | Reduce -32.2% |
| KO The Coca-Cola Co. | 0.30% | 8,547 | $598K | Add +0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.30% | 2,284 | $589K | Reduce -2.6% |
| NNN NNN REIT Inc. | 0.30% | 14,845 | $588K | Reduce -18.4% |
| ADBE Adobe Inc. | 0.29% | 1,638 | $573K | New |
| DLR Digital Realty Trust Inc. | 0.29% | 3,683 | $570K | Reduce -45.7% |
| GPC Genuine Parts Co. | 0.29% | 4,592 | $565K | Add +3.4% |
| AZO AutoZone Inc. | 0.28% | 163 | $553K | Add +19.9% |
| SLV iShares Silver Trust | 0.28% | 8,416 | $542K | Add +21.7% |
| AVGO Broadcom Inc. | 0.28% | 1,562 | $541K | Add +3.8% |
| BX Blackstone Inc. | 0.27% | 3,488 | $538K | Add +47.0% |
| VZ Verizon Communications Inc. | 0.27% | 12,800 | $521K | Add +8.4% |
| AMT American Tower Corp. | 0.26% | 2,950 | $518K | Reduce -70.7% |
| CCL Carnival Corp. | 0.26% | 16,686 | $510K | New |
| PSI Invesco Semiconductors ETF | 0.26% | 6,403 | $505K | Add +7.7% |
| CRK Comstock Resources Inc. | 0.25% | 21,480 | $498K | Add +4.4% |
| CSR Centerspace | 0.25% | 7,455 | $497K | Reduce -13.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.25% | 1,614 | $491K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.24% | 968 | $472K | Add +0.3% |
| XME SS SPDR S&P Metals Mining | 0.24% | 4,496 | $466K | Reduce -3.1% |
| CASY Casey's General Stores Inc. | 0.23% | 811 | $448K | Add +37.9% |
| NOW ServiceNow Inc. | 0.23% | 2,895 | $443K | Reduce -18.0% |
Portfolio Sells Q3 2025 → Q4 2025
| PFF iShares Preferred & Income S | Reduce -92.8% | 4.64% | −1.95 |
| AMT American Tower Corp. | Reduce -70.7% | 0.26% | −0.72 |
| FLXR TCW Flexible Income ETF | Reduce -21.8% | 2.07% | −0.59 |
| NFLX Netflix Inc. | Reduce -62.9% | 0.16% | −0.40 |
| CCI Crown Castle Inc. | Reduce -65.0% | 0.19% | −0.39 |
| SUI Sun Communities Inc. | Reduce -35.2% | 0.55% | −0.33 |
| DLR Digital Realty Trust Inc. | Reduce -45.7% | 0.29% | −0.31 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.27 |
| WELL Welltower Inc. | Reduce -36.6% | 0.53% | −0.27 |
| WPC WP Carey Inc. | Reduce -12.7% | 1.25% | −0.25 |
| PCH Potlatchdeltic Corp. | Reduce -21.7% | 0.71% | −0.22 |
| ELS Equity Lifestyle Properties | Reduce -31.9% | 0.44% | −0.21 |
| O Realty Income Corp. | Reduce -6.3% | 1.38% | −0.21 |
| XHB SS SPDR S&P Homebldrs ETF | Reduce -32.2% | 0.31% | −0.18 |
| PLD Prologis Inc. | Reduce -28.3% | 0.72% | −0.18 |
| XSD SS SPDR S&P Semiconductor | Sold out | 0.00% | −0.17 |
| EXR Extra Space Storage Inc. | Reduce -23.8% | 0.38% | −0.16 |
| FCG First Trust Natural Gas ETF | Sold out | 0.00% | −0.16 |
| RITM Rithm Capital Corp. | Reduce -6.1% | 1.34% | −0.15 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.14 |
| INVH Invitation Homes Inc. | Reduce -36.6% | 0.21% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -23.2% | 0.36% | −0.14 |
| FPI Farmland Partners Inc. | Reduce -49.8% | 0.11% | −0.14 |
| MSFT Microsoft Corp. | Reduce -5.7% | 0.97% | −0.13 |
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −0.12 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.12 |
| NXRT Nexpoint Residential | Reduce -40.4% | 0.14% | −0.11 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.11 |
| SMA Smartstop Self Storage REIT | Reduce -25.4% | 0.18% | −0.11 |
| ITB iShares U.S. Home Constructi | Sold out | 0.00% | −0.11 |
| AAP Advance Auto Parts Inc. | Reduce -11.1% | 0.14% | −0.11 |
| EDV Vanguard Extended Dur Treas | Sold out | 0.00% | −0.11 |
| NOW ServiceNow Inc. | Reduce -18.0% | 0.23% | −0.10 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.10 |
| AVB Avalonbay Communities Inc. | Reduce -31.1% | 0.19% | −0.10 |
| VTR Ventas Inc. | Sold out | 0.00% | −0.10 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.10 |
| AMH American Homes 4 Rent- A | Reduce -42.4% | 0.12% | −0.10 |
| NNN NNN REIT Inc. | Reduce -18.4% | 0.30% | −0.09 |
| COLD Americold Realty Trust Inc. | Reduce -33.9% | 0.20% | −0.09 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −0.09 |
| T AT&T Inc. | Reduce -4.4% | 0.45% | −0.08 |
| CPT Camden Property Trust | Reduce -21.8% | 0.34% | −0.08 |
| LAND Gladstone Land Corp. | Sold out | 0.00% | −0.08 |
| BRT BRT Apartments Corp. | Reduce -28.6% | 0.15% | −0.07 |
| NUV Nuveen Municipal Value | Reduce -33.9% | 0.14% | −0.07 |
| IMCG iShares Morningstar Mid-Cap | Reduce -1.4% | 1.21% | −0.06 |
| BUFF Innovator Laddered Allocatio | Reduce -27.5% | 0.17% | −0.06 |
| ORCL Oracle Corp. | Reduce -8.0% | 0.10% | −0.06 |
| CTRE Caretrust REIT Inc. | Reduce -7.4% | 1.53% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| PFXF Vaneck Pref Sec X-Financials | Add +217.3% | 1.53% | +1.05 |
| ETN Eaton Corp. PLC | New | 0.60% | +0.60 |
| VIGI Vanguard Int Div App Indx FD | New | 0.52% | +0.52 |
| TLT iShares 20+ Year Treasury BD | Add +87.0% | 1.02% | +0.46 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.2% | 6.37% | +0.39 |
| ADBE Adobe Inc. | New | 0.29% | +0.29 |
| UPS United Parcel Service Class B | Add +4.4% | 1.36% | +0.26 |
| CCL Carnival Corp. | New | 0.26% | +0.26 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.25% | +0.25 |
| VTWO Vanguard Russell 2000 ETF | Add +157.9% | 0.40% | +0.25 |
| FR First Industrial Realty TR | New | 0.22% | +0.22 |
| CI The Cigna Group | Add +139.9% | 0.38% | +0.21 |
| POCT Innovator U.S. Equity Power | New | 0.19% | +0.19 |
| ET Energy Transfer LP | New | 0.19% | +0.19 |
| PNOV Innovator U.S. Equity Power | New | 0.18% | +0.18 |
| MLI Mueller Industries Inc. | New | 0.17% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 0.73% | +0.17 |
| XOM Exxon Mobil Corp. | Add +11.4% | 1.02% | +0.16 |
| JVAL JPMorgan US Value Factor ETF | New | 0.16% | +0.16 |
| JNJ Johnson & Johnson | Add +11.1% | 0.78% | +0.15 |
| FRDM Freedom 100 Emeging MRKT ETF | New | 0.14% | +0.14 |
| EFAD Proshares Eafe DVD Growers | New | 0.13% | +0.13 |
| AAPL Apple Inc. | Add +1.3% | 1.75% | +0.13 |
| QGEN Qiagen N.V. | New | 0.13% | +0.13 |
| UMH Umh Properties Inc. | New | 0.13% | +0.13 |
| DIVO Amplify CWP Enhan Divid ETF | Add +7.9% | 1.78% | +0.13 |
| SLV iShares Silver Trust | Add +21.7% | 0.28% | +0.13 |
| SMLF iShares US Smallcap Equity F | New | 0.13% | +0.13 |
| GMAB Genmab A/S -SP ADR | New | 0.12% | +0.12 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +5.3% | 1.14% | +0.11 |
| DVY iShares Select Dividend ETF | New | 0.11% | +0.11 |
| BAC Bank of America Corp. | New | 0.11% | +0.11 |
| OEF iShares S&P 100 ETF | Add +24.8% | 0.49% | +0.11 |
| COF Capital One Financial Corp. | New | 0.11% | +0.11 |
| MDT Medtronic PLC | New | 0.11% | +0.11 |
| LTC LTC Properties Inc. | Add +114.4% | 0.22% | +0.11 |
| PEP Pepsico Inc. | New | 0.11% | +0.11 |
| BALT Inn Defined Wealth Shield | New | 0.10% | +0.10 |
| GRID First TRST Nasd Class Edg Sgiif | New | 0.10% | +0.10 |
| VCLT Vanguard Long-Term Corp. Bond | Add +40.1% | 0.36% | +0.10 |
| USIG iShares Broad Usd Investment | Add +25.8% | 0.48% | +0.09 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +9.7% | 1.05% | +0.09 |
| PG The Procter & Gamble Co. | Add +16.9% | 0.95% | +0.08 |
| CAT Caterpillar Inc. | Add +0.1% | 0.47% | +0.08 |
| OKE Oneok Inc. | Add +67.1% | 0.19% | +0.08 |
| SPSB SS SPDR P St C Corp. ETF | Add +8.2% | 1.01% | +0.07 |
| BX Blackstone Inc. | Add +47.0% | 0.27% | +0.07 |
| CASY Casey's General Stores Inc. | Add +37.9% | 0.23% | +0.06 |
| WM Waste Management Inc. | Add +49.3% | 0.18% | +0.06 |
| AGNC AGNC Investment Corp. | New | 0.06% | +0.06 |
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 |