Catalyst Capital Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Catalyst Capital Advisors LLC reported 441 stock positions worth $5.0 billion. Its top holding was iShares Russell 1000 ETF (IWB) at 10.8% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 10.3%) and iShares Russell 2000 ETF (IWM, 7.4%). Compared with Q2 2025, it opened 35 new positions, sold out of 43, added to 78 and reduced 252. The biggest buy was iShares MSCI USA Min Vol Fac (USMV, shares +5%) and the biggest sale Nextdecade (NEXT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- San Juan, PR
- CIK
- 0001549275
- Portfolio Value
- $5.0B (Q3 2025)
- SEC Filing
- 0001580642-25-007220 ↗ filed Nov 12, 2025
Holdings Value
Holdings 441 stocks · $5.0B
| IWB iShares Russell 1000 ETF | 10.81% | 1,465,713 | $535.7M | Reduce -7.6% |
| IJH iShares Core S&P Midcap ETF | 10.32% | 7,838,358 | $511.5M | Reduce -6.5% |
| IWM iShares Russell 2000 ETF | 7.36% | 1,507,119 | $364.7M | Reduce -8.8% |
| USMV iShares MSCI USA Min Vol Fac | 7.20% | 3,752,960 | $357.1M | Add +5.3% |
| VWO Vanguard Ftse Emerging Marke | 6.79% | 6,211,582 | $336.5M | Reduce -8.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 6.29% | 467,964 | $311.7M | Reduce -7.3% |
| IJR iShares Core S&P Small-Cap E | 5.30% | 2,208,715 | $262.5M | Reduce -7.2% |
| VOO Vanguard S&P 500 ETF | 2.84% | 229,564 | $140.6M | Reduce -6.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.48% | 398,909 | $122.8M | Reduce -7.8% |
| INDA iShares MSCI India ETF | 2.39% | 2,276,392 | $118.5M | No change |
| DFAC Dimensional US Core Equity 2 | 2.29% | 2,939,529 | $113.4M | Reduce -6.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.25% | 379,615 | $111.5M | Reduce -6.1% |
| VNQ Vanguard Real Estate ETF | 2.17% | 1,174,363 | $107.4M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 1.75% | 341,352 | $86.8M | No change |
| IQLT iShares MSCI International Q | 1.35% | 1,509,275 | $66.7M | No change |
| IWR iShares Russell Mid-Cap ETF | 1.33% | 685,140 | $66.2M | Reduce -6.5% |
| EWJ iShares MSCI Japan ETF | 1.30% | 803,643 | $64.5M | No change |
| EWT iShares MSCI Taiwan ETF | 1.27% | 992,815 | $63.2M | Reduce -8.0% |
| EWU iShares MSCI United Kingdom | 1.15% | 1,357,538 | $57.0M | Reduce -12.6% |
| DFAE Dimensional Emerging Core Eq | 1.08% | 1,697,608 | $53.5M | No change |
| DFIC Dimensional International Co. | 1.02% | 1,534,780 | $50.3M | Reduce -6.4% |
| QUAL iShares MSCI USA Quality Fac | 0.90% | 228,911 | $44.5M | No change |
| LNG Cheniere Energy Inc. | 0.76% | 159,715 | $37.5M | Reduce -14.3% |
| DUHP Dimensional US High Profi Et | 0.75% | 986,101 | $37.2M | Reduce -6.8% |
| ET Energy Transfer LP | 0.75% | 2,156,405 | $37.0M | No change |
| TRGP Targa Resources Corp. | 0.72% | 211,971 | $35.5M | No change |
| NEXT Nextdecade Corp. | 0.64% | 4,642,512 | $31.5M | Reduce -1.3% |
| VG Venture Global Inc. Class A | 0.54% | 1,875,673 | $26.6M | Add +8.3% |
| EWL iShares MSCI Switzerland ETF | 0.53% | 471,240 | $26.0M | No change |
| EWW iShares MSCI Mexico ETF | 0.43% | 314,747 | $21.5M | Reduce -7.2% |
| EWC iShares MSCI Canada ETF | 0.43% | 417,732 | $21.1M | Reduce -6.7% |
| EWA iShares MSCI Australia ETF | 0.42% | 776,099 | $21.0M | No change |
| EWZ iShares MSCI Brazil ETF | 0.42% | 675,879 | $21.0M | Reduce -10.0% |
| EPI Wisdomtree India Earnings | 0.41% | 464,642 | $20.5M | Add +7.2% |
| WMB Williams Cos Inc. | 0.39% | 306,423 | $19.4M | Reduce -4.2% |
| DTM DT Midstream Inc. | 0.38% | 167,910 | $19.0M | Reduce -1.1% |
| KMI Kinder Morgan Inc. | 0.38% | 667,357 | $18.9M | Reduce -15.8% |
| BKLN Invesco Senior Loan ETF | 0.38% | 901,688 | $18.9M | No change |
| TRP TC Energy Corp. | 0.38% | 346,288 | $18.8M | Reduce -6.6% |
| ENB Enbridge Inc. | 0.37% | 366,049 | $18.5M | Reduce -7.8% |
| WES Western Midstream Partners L | 0.37% | 464,840 | $18.3M | Reduce -1.6% |
| KNTK Kinetik Holdings Inc. | 0.37% | 426,663 | $18.2M | Reduce -0.9% |
| MPLX MPLX LP | 0.37% | 364,391 | $18.2M | Reduce -0.0% |
| PBA Pembina Pipeline Corp. | 0.36% | 445,057 | $18.0M | No change |
| OKE Oneok Inc. | 0.36% | 244,717 | $17.9M | Add +2.7% |
| EPD Enterprise Products Partners | 0.36% | 564,894 | $17.7M | No change |
| PAGP Plains GP Holdings LP | 0.35% | 938,873 | $17.1M | No change |
| SRLN SS Blackstone Sr Loan ETF | 0.31% | 374,591 | $15.6M | No change |
| EWH iShares MSCI Hong Kong ETF | 0.29% | 675,976 | $14.6M | Add +4.5% |
| EWS iShares MSCI Singapore ETF | 0.26% | 458,054 | $13.0M | No change |
| AGG iShares Core U.S. Aggregate | 0.25% | 121,939 | $12.2M | Reduce -6.3% |
| META Meta Platforms Inc. Class A | 0.24% | 16,048 | $11.8M | Add +73.0% |
| EWP iShares MSCI Spain ETF | 0.22% | 216,614 | $10.7M | Reduce -8.3% |
| VGK Vanguard Ftse Europe ETF | 0.16% | 102,070 | $8.1M | No change |
| EWQ iShares MSCI France ETF | 0.16% | 178,952 | $7.9M | Reduce -11.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.15% | 27,500 | $7.7M | Reduce -4.2% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | 0.15% | 7,225,000 | $7.2M | No change |
| EZA iShares MSCI South Africa Et | 0.14% | 111,939 | $7.2M | Reduce -12.3% |
| HESM Hess Midstream LP Class A | 0.14% | 201,361 | $7.0M | Reduce -4.1% |
| APH Amphenol Corp. Class A | 0.14% | 55,869 | $6.9M | Reduce -3.6% |
| HOOD Robinhood Markets Inc. Class A | 0.14% | 47,675 | $6.8M | Reduce -2.7% |
| MSFT Microsoft Corp. | 0.14% | 13,091 | $6.8M | Reduce -3.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.13% | 81,223 | $6.5M | No change |
| NVS Novartis AG-Sponsored ADR | 0.13% | 49,892 | $6.4M | Add +4.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 10,336 | $6.2M | Add +1.5% |
| FLEX Flex Ltd. | 0.12% | 103,100 | $6.0M | Reduce -4.2% |
| PULS Pgim Ultra Short Bond ETF | 0.12% | 119,165 | $5.9M | No change |
| AMZN Amazon.com Inc. | 0.12% | 26,941 | $5.9M | Reduce -12.2% |
| SOBO South Bow Corp. | 0.12% | 203,969 | $5.8M | Reduce -9.2% |
| EWM iShares MSCI Malaysia ETF | 0.10% | 195,858 | $5.1M | No change |
| AXP American Express Co. | 0.10% | 15,094 | $5.0M | Reduce -4.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.10% | 93,764 | $5.0M | Reduce -12.2% |
| GLDM SPDR Gold Minishares Trust | 0.10% | 63,400 | $4.8M | Reduce -4.7% |
| THD iShares MSCI Thailand ETF | 0.09% | 76,746 | $4.5M | Add +1.5% |
| SE Sea Ltd.-ADR | 0.09% | 24,575 | $4.4M | Reduce -3.9% |
| GLW Corning Inc. | 0.09% | 52,375 | $4.3M | Reduce -4.6% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | 0.08% | 4,203,000 | $4.2M | Add +31.2% |
| UBER Uber Technologies Inc. | 0.08% | 40,500 | $4.0M | Add +822.5% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.08% | 55,550 | $3.9M | Reduce -3.9% |
| CSCO Cisco Systems Inc. | 0.08% | 57,346 | $3.9M | Add +0.4% |
| RL Ralph Lauren Corp. | 0.08% | 12,450 | $3.9M | Reduce -4.5% |
| RDDT Reddit Inc. Class A | 0.08% | 16,900 | $3.9M | Add +13.4% |
| FFIV F5 Inc. | 0.08% | 12,025 | $3.9M | Reduce -3.2% |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 21,191 | $3.9M | Add +33.6% |
| EME Emcor Group Inc. | 0.08% | 5,850 | $3.8M | Add +9.9% |
| TDG Transdigm Group Inc. | 0.08% | 2,856 | $3.8M | Reduce -4.3% |
| APP AppLovin Corp. Class A | 0.07% | 5,151 | $3.7M | Add +2745.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.07% | 7,401 | $3.6M | Reduce -16.1% |
| TUR iShares MSCI Turkey ETF | 0.07% | 99,658 | $3.4M | Add +7.7% |
| SNY Sanofi-ADR | 0.07% | 71,528 | $3.4M | Add +6.3% |
| CAH Cardinal Health Inc. | 0.07% | 20,675 | $3.2M | Reduce -6.3% |
| SPHY SS SPDR P High Yield ETF | 0.06% | 132,000 | $3.2M | Add +112.9% |
| STRL Sterling Infrastructure Inc. | 0.06% | 8,725 | $3.0M | Reduce -3.6% |
| USFD US Foods Holding Corp. | 0.06% | 38,678 | $3.0M | Reduce -1.3% |
| NFG National Fuel Gas Co. | 0.06% | 32,045 | $3.0M | No change |
| EXPE Expedia Group Inc. | 0.06% | 13,425 | $2.9M | Add +21.2% |
| 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 |
| MDT Medtronic PLC | 0.06% | 29,325 | $2.8M | No change |
| DGX Quest Diagnostics Inc. | 0.06% | 14,575 | $2.8M | Reduce -4.3% |
| TAK Takeda Pharmaceutic-SP ADR | 0.05% | 185,000 | $2.7M | Add +2.2% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T calls ($3.1M), STATE STR SPDR S&P 500 ETF T puts ($251K).
Portfolio Sells Q2 2025 → Q3 2025
| NEXT Nextdecade Corp. | Reduce -1.3% | 0.64% | −0.21 |
| IJH iShares Core S&P Midcap ETF | Reduce -6.5% | 10.32% | −0.19 |
| LNG Cheniere Energy Inc. | Reduce -14.3% | 0.76% | −0.16 |
| EWU iShares MSCI United Kingdom | Reduce -12.6% | 1.15% | −0.10 |
| APO Apollo Global Management Inc. | Reduce -93.4% | 0.01% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -95.5% | 0.00% | −0.09 |
| KMI Kinder Morgan Inc. | Reduce -15.8% | 0.38% | −0.09 |
| NFE New Fortress Energy Inc. | Sold out | 0.00% | −0.08 |
| BRO Brown & Brown Inc. | Reduce -97.6% | 0.00% | −0.08 |
| IWB iShares Russell 1000 ETF | Reduce -7.6% | 10.81% | −0.07 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −0.07 |
| DUOL Duolingo | Sold out | 0.00% | −0.07 |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | Sold out | 0.00% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -92.0% | 0.00% | −0.04 |
| WAB Wabtec Corp. | Reduce -95.6% | 0.00% | −0.04 |
| VTR Ventas Inc. | Reduce -94.2% | 0.00% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -6.1% | 2.25% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -6.5% | 1.33% | −0.03 |
| WISDOMTREE INC (WT 5.75 08/15/28) | Sold out | 0.00% | −0.02 |
| HESM Hess Midstream LP Class A | Reduce -4.1% | 0.14% | −0.02 |
| MLI Mueller Industries Inc. | Sold out | 0.00% | −0.02 |
| BR Broadridge Financial Solutio | Reduce -90.8% | 0.00% | −0.02 |
| PAG Penske Automotive Group Inc. | Sold out | 0.00% | −0.02 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.02 |
| GRPN Groupon Inc. | Reduce -96.9% | 0.00% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -16.1% | 0.07% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -12.2% | 0.12% | −0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -7.8% | 2.48% | −0.02 |
| TDG Transdigm Group Inc. | Reduce -4.3% | 0.08% | −0.02 |
| EWQ iShares MSCI France ETF | Reduce -11.1% | 0.16% | −0.02 |
| KNTK Kinetik Holdings Inc. | Reduce -0.9% | 0.37% | −0.02 |
| EWZ iShares MSCI Brazil ETF | Reduce -10.0% | 0.42% | −0.01 |
| WMB Williams Cos Inc. | Reduce -4.2% | 0.39% | −0.01 |
| DFIC Dimensional International Co. | Reduce -6.4% | 1.02% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -6.3% | 0.25% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -12.2% | 0.10% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.3% | 6.29% | −0.01 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.01 |
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −0.01 |
| MPLX MPLX LP | Reduce -0.0% | 0.37% | −0.01 |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | Reduce -36.0% | 0.02% | −0.01 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.01 |
| CAH Cardinal Health Inc. | Reduce -6.3% | 0.07% | −0.01 |
| PNNT Pennantpark Investment Corp. | Sold out | 0.00% | −0.01 |
| DUHP Dimensional US High Profi Et | Reduce -6.8% | 0.75% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -60.6% | 0.01% | −0.01 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -81.3% | 0.00% | −0.01 |
| KTOS Kratos Defense & Security | Reduce -70.3% | 0.01% | −0.01 |
| MSCI MSCI Inc. | Reduce -90.5% | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| USMV iShares MSCI USA Min Vol Fac | Add +5.3% | 7.20% | +0.45 |
| META Meta Platforms Inc. Class A | Add +73.0% | 0.24% | +0.10 |
| APP AppLovin Corp. Class A | Add +2745.9% | 0.07% | +0.07 |
| UBER Uber Technologies Inc. | Add +822.5% | 0.08% | +0.07 |
| TOL Toll Brothers Inc. | New | 0.05% | +0.05 |
| FTI Technipfmc PLC | New | 0.05% | +0.05 |
| ALV Autoliv Inc. | New | 0.04% | +0.04 |
| EVR Evercore Inc. Class A | New | 0.03% | +0.03 |
| GNRC Generac Holdings Inc. | New | 0.03% | +0.03 |
| EWH iShares MSCI Hong Kong ETF | Add +4.5% | 0.29% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +33.6% | 0.08% | +0.03 |
| SPHY SS SPDR P High Yield ETF | Add +112.9% | 0.06% | +0.03 |
| RDDT Reddit Inc. Class A | Add +13.4% | 0.08% | +0.03 |
| PENNYMAC CORP (PMT 8.5 06/01/29) | New | 0.02% | +0.02 |
| PENNYMAC CORP (PMT 5.5 03/15/26) | Add +31.2% | 0.08% | +0.02 |
| EXPE Expedia Group Inc. | Add +21.2% | 0.06% | +0.02 |
| EME Emcor Group Inc. | Add +9.9% | 0.08% | +0.02 |
| THD iShares MSCI Thailand ETF | Add +1.5% | 0.09% | +0.01 |
| CVNA Carvana Co. | New | 0.01% | +0.01 |
| NVS Novartis AG-Sponsored ADR | Add +4.8% | 0.13% | +0.01 |
| GCT Gigacloud Technology Inc. Class A | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.5% | 0.13% | +0.01 |
| ANET Arista Networks Inc. | Add +46.4% | 0.02% | +0.01 |
| TSLA Tesla Inc. | Add +39.5% | 0.02% | +0.01 |
| AMAT Applied Materials Inc. | Add +15.4% | 0.04% | +0.01 |
| PH Parker Hannifin Corp. | New | 0.01% | +0.01 |
| COP Conocophillips | Add +125.9% | 0.02% | +0.01 |
| DG Dollar General Corp. | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | Add +19.0% | 0.03% | +0.01 |
| TUR iShares MSCI Turkey ETF | Add +7.7% | 0.07% | +0.01 |
| PLD Prologis Inc. | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +24.4% | 0.04% | +0.01 |
| NYAX Nayax Ltd. | New | 0.01% | +0.01 |
| TMDX Transmedics Group Inc. | Add +118.3% | 0.02% | +0.01 |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | New | 0.01% | +0.01 |
| HD Home Depot Inc. | Add +10.0% | 0.03% | +0.01 |
| RTX RTX Corp. | Add +66.3% | 0.01% | +0.01 |
| CLMB Climb Global Solutions Inc. | Add +47.0% | 0.01% | +0.01 |
| HPK Highpeak Energy Inc. | New | 0.01% | +0.01 |
| OWL Blue Owl Capital Inc. | Add +72.8% | 0.02% | +0.01 |
| LYFT INC (LYFT 0.625 03/01/29) | New | 0.01% | +0.01 |
| CIVI Civitas Resources Inc. | Add +27.3% | 0.02% | +0.01 |
| PSEC Prospect Capital Corp. | Add +111.0% | 0.01% | +0.01 |
| PWR Quanta Services Inc. | New | 0.00% | +0.00 |
| MA Mastercard Inc. Class A | Add +23.7% | 0.02% | +0.00 |
| LOW Lowe's Cos Inc. | Add +187.6% | 0.01% | +0.00 |
| BLACKLINE INC (BL 1 06/01/29) | New | 0.00% | +0.00 |
| BMI Badger Meter Inc. | Add +369.2% | 0.01% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +19.8% | 0.01% | +0.00 |
| DOC Healthpeak Properties Inc. | New | 0.00% | +0.00 |
Options Activity Q2 2025 → Q3 2025
| STATE STR SPDR S&P 500 ETF T | call | Reduce -5.0% | 305 | $3.1M |
| STATE STR SPDR S&P 500 ETF T | put | Reduce -5.0% | 305 | $251K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| AMTM Amentum Holdings Inc. | COM | Sold out | 0 | $2before exit |
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 |