Catalyst Capital Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Catalyst Capital Advisors LLC reported 449 stock positions worth $5.0 billion. Its top holding was iShares Russell 1000 ETF (IWB) at 10.9% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 10.5%) and iShares Russell 2000 ETF (IWM, 7.2%). Compared with Q1 2025, it opened 57 new positions, sold out of 28, added to 116 and reduced 220. The biggest buy was Venture Global Class A (VG, shares +25%) and the biggest sale iShares MSCI USA Min Vol Fac (USMV, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- San Juan, PR
- CIK
- 0001549275
- Portfolio Value
- $5.0B (Q2 2025)
- SEC Filing
- 0001162044-25-000769 ↗ filed Jul 31, 2025
Holdings Value
Holdings 449 stocks · $5.0B
| IWB iShares Russell 1000 ETF | 10.88% | 1,586,642 | $538.8M | Reduce -6.3% |
| IJH iShares Core S&P Midcap ETF | 10.51% | 8,386,471 | $520.1M | Reduce -6.1% |
| IWM iShares Russell 2000 ETF | 7.20% | 1,651,777 | $356.4M | Reduce -5.7% |
| VWO Vanguard Ftse Emerging Marke | 6.76% | 6,769,065 | $334.8M | Reduce -11.0% |
| USMV iShares MSCI USA Min Vol Fac | 6.75% | 3,562,314 | $334.4M | Reduce -5.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 6.30% | 505,055 | $312.0M | Reduce -5.2% |
| IJR iShares Core S&P Small-Cap E | 5.25% | 2,380,295 | $260.1M | Reduce -5.5% |
| VOO Vanguard S&P 500 ETF | 2.83% | 246,237 | $139.9M | Reduce -6.6% |
| INDA iShares MSCI India ETF | 2.56% | 2,276,392 | $126.7M | Reduce -8.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.49% | 432,707 | $123.5M | Reduce -4.9% |
| DFAC Dimensional US Core Equity 2 | 2.28% | 3,156,100 | $113.1M | Reduce -5.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.28% | 404,194 | $113.1M | No change |
| VNQ Vanguard Real Estate ETF | 2.11% | 1,174,363 | $104.6M | Reduce -2.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.63% | 341,352 | $80.9M | Reduce -6.5% |
| IWR iShares Russell Mid-Cap ETF | 1.36% | 732,758 | $67.4M | Reduce -5.4% |
| IQLT iShares MSCI International Q | 1.32% | 1,509,275 | $65.2M | Reduce -7.6% |
| EWT iShares MSCI Taiwan ETF | 1.25% | 1,079,103 | $61.9M | Reduce -11.3% |
| EWU iShares MSCI United Kingdom | 1.25% | 1,552,803 | $61.7M | Reduce -11.9% |
| EWJ iShares MSCI Japan ETF | 1.22% | 803,643 | $60.2M | Reduce -7.2% |
| DFIC Dimensional International Co. | 1.03% | 1,639,165 | $51.0M | Reduce -5.9% |
| DFAE Dimensional Emerging Core Eq | 0.99% | 1,697,608 | $49.1M | Reduce -13.6% |
| LNG Cheniere Energy Inc. | 0.92% | 186,397 | $45.4M | Reduce -0.2% |
| NEXT Nextdecade Corp. | 0.85% | 4,704,427 | $41.9M | Add +2.3% |
| QUAL iShares MSCI USA Quality Fac | 0.85% | 228,911 | $41.8M | Reduce -6.1% |
| ET Energy Transfer LP | 0.79% | 2,156,405 | $39.1M | Add +4.1% |
| DUHP Dimensional US High Profi Et | 0.76% | 1,058,220 | $37.6M | Reduce -6.6% |
| TRGP Targa Resources Corp. | 0.75% | 211,971 | $36.9M | Add +29.9% |
| VG Venture Global Inc. Class A | 0.54% | 1,731,290 | $27.0M | Add +24.8% |
| EWL iShares MSCI Switzerland ETF | 0.52% | 471,240 | $25.8M | Add +5.5% |
| KMI Kinder Morgan Inc. | 0.47% | 792,905 | $23.3M | Add +1.8% |
| EWZ iShares MSCI Brazil ETF | 0.44% | 750,671 | $21.7M | Reduce -9.8% |
| EWC iShares MSCI Canada ETF | 0.42% | 447,909 | $20.7M | Reduce -11.0% |
| EPI Wisdomtree India Earnings | 0.42% | 433,341 | $20.6M | Reduce -11.4% |
| EWW iShares MSCI Mexico ETF | 0.41% | 338,993 | $20.5M | Reduce -17.8% |
| EWA iShares MSCI Australia ETF | 0.41% | 776,099 | $20.4M | Reduce -7.3% |
| WMB Williams Cos Inc. | 0.41% | 319,854 | $20.1M | Reduce -0.8% |
| OKE Oneok Inc. | 0.39% | 238,227 | $19.4M | Reduce -35.2% |
| KNTK Kinetik Holdings Inc. | 0.38% | 430,740 | $19.0M | Add +59.3% |
| BKLN Invesco Senior Loan ETF | 0.38% | 901,688 | $18.9M | Add +26.8% |
| MPLX MPLX LP | 0.38% | 364,486 | $18.8M | Add +4.2% |
| DTM DT Midstream Inc. | 0.38% | 169,810 | $18.7M | Add +17.9% |
| WES Western Midstream Partners L | 0.37% | 472,420 | $18.3M | Add +2.4% |
| PAGP Plains GP Holdings LP | 0.37% | 938,873 | $18.2M | Add +6.0% |
| TRP TC Energy Corp. | 0.37% | 370,703 | $18.1M | Reduce -2.1% |
| ENB Enbridge Inc. | 0.36% | 397,238 | $18.0M | Reduce -2.5% |
| EPD Enterprise Products Partners | 0.35% | 564,894 | $17.5M | Add +1.7% |
| PBA Pembina Pipeline Corp. | 0.34% | 445,057 | $16.7M | No change |
| SRLN SS Blackstone Sr Loan ETF | 0.31% | 374,591 | $15.6M | No change |
| AGG iShares Core U.S. Aggregate | 0.26% | 130,085 | $12.9M | Add +3.9% |
| EWH iShares MSCI Hong Kong ETF | 0.26% | 646,987 | $12.8M | Reduce -12.0% |
| EWS iShares MSCI Singapore ETF | 0.24% | 458,054 | $11.9M | Reduce -16.2% |
| EWP iShares MSCI Spain ETF | 0.21% | 236,223 | $10.4M | Reduce -12.1% |
| EWQ iShares MSCI France ETF | 0.17% | 201,263 | $8.6M | Reduce -18.6% |
| HESM Hess Midstream LP Class A | 0.16% | 209,931 | $8.1M | Add +1.0% |
| VGK Vanguard Ftse Europe ETF | 0.16% | 102,070 | $7.9M | Reduce -5.5% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | 0.14% | 7,225,000 | $7.1M | No change |
| EZA iShares MSCI South Africa Et | 0.14% | 127,657 | $6.9M | Reduce -12.1% |
| META Meta Platforms Inc. Class A | 0.14% | 9,275 | $6.8M | Reduce -6.0% |
| AMZN Amazon.com Inc. | 0.14% | 30,679 | $6.7M | Reduce -5.7% |
| MSFT Microsoft Corp. | 0.14% | 13,496 | $6.7M | Reduce -22.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 28,700 | $6.5M | Reduce -2.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.13% | 81,223 | $6.5M | No change |
| PULS Pgim Ultra Short Bond ETF | 0.12% | 119,165 | $5.9M | No change |
| SOBO South Bow Corp. | 0.12% | 224,579 | $5.8M | No change |
| NVS Novartis AG-Sponsored ADR | 0.12% | 47,592 | $5.8M | Add +10.4% |
| APH Amphenol Corp. Class A | 0.12% | 57,968 | $5.7M | Reduce -5.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.11% | 106,764 | $5.6M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.11% | 10,180 | $5.6M | Add +52.3% |
| FLEX Flex Ltd. | 0.11% | 107,665 | $5.4M | Reduce -4.6% |
| AXP American Express Co. | 0.10% | 15,837 | $5.1M | Reduce -4.8% |
| APO Apollo Global Management Inc. | 0.10% | 35,418 | $5.0M | Reduce -8.5% |
| COST Costco Wholesale Corp. | 0.10% | 4,863 | $4.8M | Reduce -6.5% |
| EWM iShares MSCI Malaysia ETF | 0.10% | 195,858 | $4.8M | Reduce -18.5% |
| HOOD Robinhood Markets Inc. Class A | 0.09% | 49,000 | $4.6M | Add +259.0% |
| TDG Transdigm Group Inc. | 0.09% | 2,986 | $4.5M | Reduce -4.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.09% | 8,822 | $4.5M | Add +8.2% |
| GLDM SPDR Gold Minishares Trust | 0.09% | 66,500 | $4.4M | Reduce -2.9% |
| NFE New Fortress Energy Inc. | 0.08% | 1,258,485 | $4.2M | Add +38.5% |
| SE Sea Ltd.-ADR | 0.08% | 25,580 | $4.1M | Add +10.1% |
| BRO Brown & Brown Inc. | 0.08% | 35,893 | $4.0M | Reduce -4.3% |
| CSCO Cisco Systems Inc. | 0.08% | 57,120 | $4.0M | Reduce -4.9% |
| THD iShares MSCI Thailand ETF | 0.08% | 75,645 | $3.8M | Add +9.8% |
| CAH Cardinal Health Inc. | 0.07% | 22,078 | $3.7M | Reduce -4.1% |
| DRI Darden Restaurants Inc. | 0.07% | 16,958 | $3.7M | Add +274.1% |
| FFIV F5 Inc. | 0.07% | 12,425 | $3.7M | Reduce -5.2% |
| RL Ralph Lauren Corp. | 0.07% | 13,030 | $3.6M | Reduce -4.7% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.07% | 57,805 | $3.5M | Reduce -4.4% |
| SNY Sanofi-ADR | 0.07% | 67,278 | $3.3M | No change |
| DUOL Duolingo | 0.07% | 7,875 | $3.2M | Add +13.7% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | 0.06% | 3,203,000 | $3.2M | Add +18.6% |
| USFD US Foods Holding Corp. | 0.06% | 39,175 | $3.0M | Reduce -5.2% |
| TUR iShares MSCI Turkey ETF | 0.06% | 92,566 | $3.0M | Reduce -15.3% |
| GLW Corning Inc. | 0.06% | 54,875 | $2.9M | Reduce -4.5% |
| EME Emcor Group Inc. | 0.06% | 5,325 | $2.8M | New |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) filed as NEW MTN FIN CORP | 0.06% | 2,825,000 | $2.8M | No change |
| TAK Takeda Pharmaceutic-SP ADR | 0.06% | 181,000 | $2.8M | No change |
| DGX Quest Diagnostics Inc. | 0.06% | 15,225 | $2.7M | Reduce -4.4% |
| TTEK Tetra Tech Inc. | 0.06% | 75,660 | $2.7M | Add +3.7% |
| NFG National Fuel Gas Co. | 0.05% | 32,045 | $2.7M | No change |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | 0.05% | 2,710,000 | $2.7M | Add +17.8% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T calls ($2.4M), STATE STR SPDR S&P 500 ETF T puts ($297K).
Lines left out (1) · $2 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| AMTM Amentum Holdings Inc. | COM | 0 | $2 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $5.0B.
Portfolio Sells Q1 2025 → Q2 2025
| USMV iShares MSCI USA Min Vol Fac | Reduce -5.1% | 6.75% | −0.45 |
| OKE Oneok Inc. | Reduce -35.2% | 0.39% | −0.35 |
| VWO Vanguard Ftse Emerging Marke | Reduce -11.0% | 6.76% | −0.29 |
| IJH iShares Core S&P Midcap ETF | Reduce -6.1% | 10.51% | −0.17 |
| IJR iShares Core S&P Small-Cap E | Reduce -5.5% | 5.25% | −0.14 |
| VNQ Vanguard Real Estate ETF | Reduce -2.2% | 2.11% | −0.11 |
| EWU iShares MSCI United Kingdom | Reduce -11.9% | 1.25% | −0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -74.8% | 0.03% | −0.08 |
| AAPL Apple Inc. | Reduce -55.4% | 0.05% | −0.07 |
| CMI Cummins Inc. | Reduce -95.5% | 0.00% | −0.06 |
| INDA iShares MSCI India ETF | Reduce -8.4% | 2.56% | −0.06 |
| BLK BlackRock Inc. | Reduce -86.5% | 0.01% | −0.06 |
| CRBG Corebridge Financial Inc. | Sold out | 0.00% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -50.4% | 0.05% | −0.05 |
| DFAE Dimensional Emerging Core Eq | Reduce -13.6% | 0.99% | −0.05 |
| T AT&T Inc. | Reduce -93.3% | 0.00% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -96.5% | 0.00% | −0.04 |
| TEAM Atlassian Corp. Class A | Reduce -98.7% | 0.00% | −0.03 |
| EWQ iShares MSCI France ETF | Reduce -18.6% | 0.17% | −0.03 |
| EWS iShares MSCI Singapore ETF | Reduce -16.2% | 0.24% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -6.5% | 1.63% | −0.02 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.02 |
| EPI Wisdomtree India Earnings | Reduce -11.4% | 0.42% | −0.02 |
| LII Lennox International Inc. | Sold out | 0.00% | −0.02 |
| CORT Corcept Therapeutics Inc. | Reduce -5.7% | 0.03% | −0.02 |
| EWM iShares MSCI Malaysia ETF | Reduce -18.5% | 0.10% | −0.02 |
| NVDA Nvidia Corp. | Reduce -48.0% | 0.05% | −0.02 |
| EWW iShares MSCI Mexico ETF | Reduce -17.8% | 0.41% | −0.02 |
| DIS The Walt Disney Co. | Reduce -72.6% | 0.01% | −0.02 |
| BRO Brown & Brown Inc. | Reduce -4.3% | 0.08% | −0.02 |
| EZCORP INC (EZPW 2.375 05/01/25) | Sold out | 0.00% | −0.01 |
| NSIT Insight Enterprises Inc. | Sold out | 0.00% | −0.01 |
| TUR iShares MSCI Turkey ETF | Reduce -15.3% | 0.06% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -41.2% | 0.02% | −0.01 |
| EA Electronic Arts Inc. | Reduce -80.2% | 0.00% | −0.01 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.01 |
| IQLT iShares MSCI International Q | Reduce -7.6% | 1.32% | −0.01 |
| ANET Arista Networks Inc. | Reduce -58.9% | 0.01% | −0.01 |
| DUHP Dimensional US High Profi Et | Reduce -6.6% | 0.76% | −0.01 |
| QUAL iShares MSCI USA Quality Fac | Reduce -6.1% | 0.85% | −0.01 |
| KO The Coca-Cola Co. | Reduce -52.2% | 0.01% | −0.01 |
| MCD McDonald's Corp. | Reduce -71.3% | 0.00% | −0.01 |
| APO Apollo Global Management Inc. | Reduce -8.5% | 0.10% | −0.01 |
| KNSL Kinsale Capital Group Inc. | Reduce -47.1% | 0.01% | −0.01 |
| ORCL Oracle Corp. | Reduce -75.4% | 0.00% | −0.01 |
| ENB Enbridge Inc. | Reduce -2.5% | 0.36% | −0.01 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.01 |
| MLI Mueller Industries Inc. | Reduce -22.4% | 0.02% | −0.01 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.01 |
| ARES Ares Management Corp. Class A | Reduce -68.1% | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| VG Venture Global Inc. Class A | Add +24.8% | 0.54% | +0.25 |
| NEXT Nextdecade Corp. | Add +2.3% | 0.85% | +0.11 |
| KNTK Kinetik Holdings Inc. | Add +59.3% | 0.38% | +0.10 |
| DTM DT Midstream Inc. | Add +17.9% | 0.38% | +0.09 |
| HOOD Robinhood Markets Inc. Class A | Add +259.0% | 0.09% | +0.08 |
| BKLN Invesco Senior Loan ETF | Add +26.8% | 0.38% | +0.08 |
| TRGP Targa Resources Corp. | Add +29.9% | 0.75% | +0.08 |
| EME Emcor Group Inc. | New | 0.06% | +0.06 |
| DRI Darden Restaurants Inc. | Add +274.1% | 0.07% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +52.3% | 0.11% | +0.05 |
| EWL iShares MSCI Switzerland ETF | Add +5.5% | 0.52% | +0.05 |
| STRL Sterling Infrastructure Inc. | New | 0.04% | +0.04 |
| LPLA LPL Financial Holdings Inc. | Add +309.9% | 0.05% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +836.2% | 0.04% | +0.04 |
| WAB Wabtec Corp. | Add +1788.6% | 0.04% | +0.04 |
| LRN Stride Inc. | New | 0.04% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +8.2% | 0.09% | +0.03 |
| DUOL Duolingo | Add +13.7% | 0.07% | +0.02 |
| ETN Eaton Corp. PLC | New | 0.02% | +0.02 |
| SE Sea Ltd.-ADR | Add +10.1% | 0.08% | +0.02 |
| V Visa Inc. Class A | Add +102.6% | 0.04% | +0.02 |
| NVS Novartis AG-Sponsored ADR | Add +10.4% | 0.12% | +0.02 |
| KMI Kinder Morgan Inc. | Add +1.8% | 0.47% | +0.02 |
| SPHY SS SPDR P High Yield ETF | Add +106.7% | 0.03% | +0.02 |
| FUN Six Flags Entertainment Corp. | New | 0.01% | +0.01 |
| AON Aon PLC Class A | Add +107.3% | 0.03% | +0.01 |
| HWM Howmet Aerospace Inc. | Add +545.4% | 0.01% | +0.01 |
| MOS The Mosaic Co. | Add +1.0% | 0.04% | +0.01 |
| TTEK Tetra Tech Inc. | Add +3.7% | 0.06% | +0.01 |
| MCK McKesson Corp. | New | 0.01% | +0.01 |
| PENNYMAC CORP (PMT 5.5 03/15/26) | Add +18.6% | 0.06% | +0.01 |
| PSMT Pricesmart Inc. | Add +22.6% | 0.03% | +0.01 |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | Add +17.8% | 0.05% | +0.01 |
| OWL Blue Owl Capital Inc. | Add +225.9% | 0.01% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +3.9% | 0.26% | +0.01 |
| FCX Freeport-McMoran Inc. | Add +17.2% | 0.03% | +0.01 |
| AMAT Applied Materials Inc. | Add +1.9% | 0.03% | +0.01 |
| DKS Dick's Sporting Goods Inc. | New | 0.01% | +0.01 |
| BAC Bank of America Corp. | Add +49.5% | 0.01% | +0.01 |
| TSLA Tesla Inc. | Add +52.6% | 0.01% | +0.01 |
| KGC Kinross Gold Corp. | New | 0.00% | +0.00 |
| AEM Agnico Eagle Mines Ltd. | New | 0.00% | +0.00 |
| BG Bunge Global SA | Add +8.6% | 0.04% | +0.00 |
| FBIN Fortune Brands Innovations I | Add +70.6% | 0.02% | +0.00 |
| SPGI S&P Global Inc. | Add +72.1% | 0.01% | +0.00 |
| AMD Advanced Micro Devices | Add +88.9% | 0.01% | +0.00 |
| MDLZ Mondelez International Inc. Class A | Add +289.0% | 0.01% | +0.00 |
| NEM Newmont Corp. | Add +109.3% | 0.01% | +0.00 |
| BA The Boeing Co. | New | 0.00% | +0.00 |
| HON Honeywell International Inc. | Add +1.5% | 0.04% | +0.00 |
Options Activity Q1 2025 → Q2 2025
| STATE STR SPDR S&P 500 ETF T | call | Reduce -5.9% | 321 | $2.4M |
| STATE STR SPDR S&P 500 ETF T | put | Reduce -5.9% | 321 | $297K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| AMTM Amentum Holdings Inc. | COM | New | 0 | $2 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 367 | $6.0B | IJH, IWB, IWM, USMV, VWO |
| Q1 2026 | 365 | $5.4B | IWB, IJH, IWM, USMV, VWO |
| Q4 2025 | 378 | $4.9B | IWB, IJH, USMV, IWM, VWO |
| Q3 2025 | 441 | $5.0B | IWB, IJH, IWM, USMV, VWO |
| Q2 2025 | 449 | $5.0B | IWB, IJH, IWM, VWO, USMV |
| Q1 2025 | 420 | $4.9B | IJH, IWB, USMV, IWM, VWO |
| Q4 2024 | 517 | $4.7B | IWB, IJH, IWM, USMV, VWO |
| Q3 2024 | 541 | $4.4B | IWB, IJH, IWM, USMV, VWO |
| Q2 2024 | 399 | $4.3B | IWB, IJH, IWM, USMV, VWO |
| Q1 2024 | 392 | $4.2B | IWB, IJH, IWM, USMV, VWO |