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

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $4.2B Q1 2024 Q2 2024: $4.3B Q2 2024 Q3 2024: $4.4B Q3 2024 Q4 2024: $4.7B Q4 2024 Q1 2025: $4.9B Q1 2025 Q2 2025: $5.0B Q2 2025 Q3 2025: $5.0B $5.0B Q3 2025 Q4 2025: $4.9B Q4 2025 Q1 2026: $5.4B Q1 2026 Q2 2026: $6.0B Q2 2026

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%
CVX Chevron Corp. 0.05% 17,234 $2.7M Reduce -0.7%
LPLA LPL Financial Holdings Inc. 0.05% 7,960 $2.6M Add +13.6%
JNJ Johnson & Johnson 0.05% 13,860 $2.6M No change
TTEK Tetra Tech Inc. 0.05% 75,660 $2.5M No change
WMT Walmart Inc. 0.05% 24,000 $2.5M No change
VRSN Verisign Inc. 0.05% 8,825 $2.5M Reduce -4.3%
AAPL Apple Inc. 0.05% 9,642 $2.5M Reduce -11.4%
NVDA Nvidia Corp. 0.05% 12,908 $2.4M Reduce -11.2%
GOOG Alphabet Inc. Class C 0.05% 9,828 $2.4M Reduce -2.5%
TOL Toll Brothers Inc. 0.05% 17,250 $2.4M New
FTI Technipfmc PLC 0.05% 60,000 $2.4M New
V Visa Inc. Class A 0.04% 6,452 $2.2M Add +24.4%
AMAT Applied Materials Inc. 0.04% 10,162 $2.1M Add +15.4%
MOS The Mosaic Co. 0.04% 59,790 $2.1M No change
BG Bunge Global SA 0.04% 25,220 $2.0M No change
ALV Autoliv Inc. 0.04% 16,200 $2.0M New
ECG Everus Construction Group 0.04% 22,692 $1.9M No change
SSNC Ss&c Technologies Holdings 0.04% 21,569 $1.9M Reduce -3.9%
GOOGL Alphabet Inc. Class A 0.04% 7,244 $1.8M Reduce -17.0%
HON Honeywell International Inc. 0.04% 8,273 $1.7M Reduce -6.6%
EVR Evercore Inc. Class A 0.03% 5,100 $1.7M New
GNRC Generac Holdings Inc. 0.03% 10,250 $1.7M New
LRN Stride Inc. 0.03% 11,510 $1.7M Reduce -9.8%
UL Unilever PLC 0.03% 28,900 $1.7M No change
HD Home Depot Inc. 0.03% 4,165 $1.7M Add +10.0%
MDU Mdu Resources Group Inc. 0.03% 89,410 $1.6M No change
PSMT Pricesmart Inc. 0.03% 12,339 $1.5M No change
AVGO Broadcom Inc. 0.03% 4,432 $1.5M Add +19.0%
MU Micron Technology Inc. 0.03% 8,702 $1.5M Reduce -31.8%
CORT Corcept Therapeutics Inc. 0.03% 17,125 $1.4M Reduce -5.4%
AON Aon PLC Class A 0.03% 3,934 $1.4M Reduce -0.5%
ARCO Arcos Dorados Holdings Inc. Class A 0.02% 182,090 $1.2M Add +7.1%
FCX Freeport-McMoran Inc. 0.02% 31,000 $1.2M Reduce -5.5%
VRT Vertiv Holdings Co. Class A 0.02% 7,850 $1.2M Reduce -20.3%
MA Mastercard Inc. Class A 0.02% 2,069 $1.2M Add +23.7%
AZO AutoZone Inc. 0.02% 258 $1.1M Reduce -21.3%
TSLA Tesla Inc. 0.02% 2,480 $1.1M Add +39.5%
TRIN Trinity Capital Inc. 0.02% 70,337 $1.1M No change
CDNS Cadence Design SYS Inc. 0.02% 3,094 $1.1M Reduce -1.6%
ETN Eaton Corp. PLC 0.02% 2,872 $1.1M No change
KLAC KLA Corp. 0.02% 986 $1.1M Reduce -1.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.02% 32,516 $1.1M Reduce -0.4%
MAR Marriott International Class A 0.02% 3,983 $1.0M Reduce -8.2%
ANET Arista Networks Inc. 0.02% 7,109 $1.0M Add +46.4%
PENNYMAC CORP (PMT 8.5 06/01/29) 0.02% 1,000,000 $1.0M New
HCA HCA Healthcare Inc. 0.02% 2,144 $914K Reduce -19.8%
WM Waste Management Inc. 0.02% 3,979 $879K Reduce -18.4%
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) 0.02% 887,000 $878K Reduce -36.0%
CME Cme Group Inc. 0.02% 3,135 $847K No change
OWL Blue Owl Capital Inc. 0.02% 47,459 $803K Add +72.8%
FBIN Fortune Brands Innovations I 0.02% 14,500 $774K No change
TMDX Transmedics Group Inc. 0.02% 6,875 $771K Add +118.3%
MAIN Main Street Capital Corp. 0.02% 12,128 $771K No change
COP Conocophillips 0.02% 8,031 $760K Add +125.9%
CIVI Civitas Resources Inc. 0.02% 23,298 $757K Add +27.3%
ODD Oddity Tech Ltd. Class A 0.01% 11,380 $709K No change
FIX Comfort Systems USA Inc. 0.01% 850 $701K No change
CG The Carlyle Group Inc. 0.01% 11,000 $690K No change
XOM Exxon Mobil Corp. 0.01% 6,083 $686K Reduce -10.5%
JPM JPMorgan Chase & Co. 0.01% 2,172 $685K Add +19.8%
HWM Howmet Aerospace Inc. 0.01% 3,382 $664K Reduce -0.6%
CVNA Carvana Co. 0.01% 1,736 $655K New
FIS Fidelity National Info Serv 0.01% 9,688 $639K Reduce -12.3%
RTX RTX Corp. 0.01% 3,769 $631K Add +66.3%
CLMB Climb Global Solutions Inc. 0.01% 4,630 $624K Add +47.0%
GCT Gigacloud Technology Inc. Class A 0.01% 21,700 $616K New
MEDP Medpace Holdings Inc. 0.01% 1,190 $612K Reduce -13.8%
PSEC Prospect Capital Corp. 0.01% 200,742 $552K Add +111.0%
MCK McKesson Corp. 0.01% 714 $552K No change
TMUS T-Mobile US Inc. 0.01% 2,291 $548K Reduce -9.1%
CYBR Cyberark Software Ltd./Israel 0.01% 1,115 $539K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 10,428 $538K Reduce -30.3%
FTNT Fortinet Inc. 0.01% 6,331 $532K Add +5.5%
SNEX Stonex Group Inc. 0.01% 5,174 $522K No change
KTOS Kratos Defense & Security 0.01% 5,192 $474K Reduce -70.3%
PH Parker Hannifin Corp. 0.01% 613 $465K New
BIL SS SPDR BB 1-3M T-Bill ETF 0.01% 5,000 $459K No change
RJF Raymond James Financial Inc. 0.01% 2,560 $442K No change
DG Dollar General Corp. 0.01% 4,275 $442K New
CSWC Capital Southwest Corp. 0.01% 20,000 $437K No change
AMD Advanced Micro Devices 0.01% 2,542 $411K Add +9.1%
NOW ServiceNow Inc. 0.01% 434 $399K Reduce -4.2%
PLD Prologis Inc. 0.01% 3,476 $398K New
NEE Nextera Energy Inc. 0.01% 5,214 $394K Add +4.5%
INTU Intuit Inc. 0.01% 573 $391K Reduce -7.7%
NSLR Neostellar Capital Corp. filed as SURO CAPITAL CORP 0.01% 42,466 $382K No change
DKS Dick's Sporting Goods Inc. 0.01% 1,689 $375K No change
SNPS Synopsys Inc. 0.01% 743 $367K Reduce -17.1%
NYAX Nayax Ltd. 0.01% 7,500 $357K New
ORLY O'reilly Automotive Inc. 0.01% 3,169 $342K Reduce -4.2%
LOW Lowe's Cos Inc. 0.01% 1,303 $327K Add +187.6%
PGR Progressive Corp. 0.01% 1,303 $322K Add +43.7%
SYK Stryker Corp. 0.01% 869 $321K Add +91.8%
NEM Newmont Corp. 0.01% 3,744 $316K Reduce -32.0%
APO Apollo Global Management Inc. 0.01% 2,344 $312K Reduce -93.4%
UNP Union Pacific Corp. 0.01% 1,303 $308K Reduce -4.2%
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) 0.01% 200,000 $307K New
O Realty Income Corp. 0.01% 5,000 $304K No change
IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L 0.01% 12,850 $298K No change
BSX Boston Scientific Corp. 0.01% 3,041 $297K Add +34.1%
HPK Highpeak Energy Inc. 0.01% 40,000 $283K New
RITM Rithm Capital Corp. 0.01% 24,106 $275K No change
ADI Analog Devices Inc. 0.01% 1,117 $274K Reduce -7.5%
BMI Badger Meter Inc. 0.01% 1,525 $272K Add +369.2%
VZ Verizon Communications Inc. 0.01% 6,083 $267K Reduce -60.6%
MCD McDonald's Corp. 0.01% 869 $264K Add +91.8%
IIPR Innovative Industrial Proper 0.01% 4,890 $262K Add +104.6%
KGC Kinross Gold Corp. 0.01% 10,450 $260K Reduce -29.9%
LYFT INC (LYFT 0.625 03/01/29) 0.01% 200,000 $259K New
T AT&T Inc. 0.01% 9,124 $258K Add +67.7%
WFC Wells Fargo & Co. 0.01% 3,041 $255K Reduce -4.2%
NFLX Netflix Inc. 0.01% 209 $251K Reduce -20.2%
PWR Quanta Services Inc. 0.00% 590 $245K New
HASI Ha Sustainable Infrastructur 0.00% 7,947 $244K No change
PANW Palo Alto Networks Inc. 0.00% 1,198 $244K Reduce -9.1%
TXN Texas Instruments Inc. 0.00% 1,324 $243K Reduce -43.9%
AMT American Tower Corp. 0.00% 1,200 $231K Add +32.3%
F Ford Motor Co. filed as FORD MTR CO 0.00% 19,235 $230K Add +12.6%
KNSL Kinsale Capital Group Inc. 0.00% 540 $230K Reduce -27.0%
ITW Illinois Tool Works 0.00% 869 $227K Add +91.8%
HLT Hilton Worldwide Holdings Inc. 0.00% 869 $225K Add +91.8%
CTAS Cintas Corp. 0.00% 1,073 $220K Add +53.5%
KKR KKR & Co. Inc. 0.00% 1,635 $212K No change
SPGI S&P Global Inc. 0.00% 434 $211K Reduce -52.1%
BLACKLINE INC (BL 1 06/01/29) 0.00% 200,000 $208K New
CAT Caterpillar Inc. 0.00% 434 $207K Reduce -52.1%
MCO Moody's Corp. 0.00% 434 $207K Reduce -4.2%
COST Costco Wholesale Corp. 0.00% 221 $205K Reduce -95.5%
LRCX Lam Research Corp. 0.00% 1,522 $204K Reduce -41.2%
RSG Republic Services Inc. 0.00% 869 $199K Add +91.8%
MSI Motorola Solutions Inc. 0.00% 434 $198K Reduce -92.0%
DE Deere & Co. 0.00% 434 $198K Reduce -4.2%
TPG TPG Inc. 0.00% 3,400 $195K No change
BA The Boeing Co. 0.00% 869 $188K Reduce -4.2%
ADP Automatic Data Processing 0.00% 638 $187K Reduce -9.0%
HUBB Hubbell Inc. 0.00% 434 $187K Reduce -4.2%
CMI Cummins Inc. 0.00% 434 $183K Reduce -4.2%
TT Trane Technologies PLC 0.00% 434 $183K Reduce -4.2%
PNC PNC Financial Services Group 0.00% 869 $175K Add +91.8%
KO The Coca-Cola Co. 0.00% 2,607 $173K Reduce -42.5%
ADSK Autodesk Inc. 0.00% 538 $171K Reduce -8.2%
MPC Marathon Petroleum Corp. 0.00% 869 $167K Reduce -4.2%
SO The Southern Co. 0.00% 1,738 $165K Add +27.8%
SPG Simon Property Group Inc. 0.00% 869 $163K Reduce -4.2%
DUK Duke Energy Corp. 0.00% 1,303 $161K Reduce -4.2%
AEM Agnico Eagle Mines Ltd. 0.00% 950 $160K Reduce -50.0%
SRE Sempra 0.00% 1,738 $156K Reduce -4.1%
WELL Welltower Inc. 0.00% 869 $155K Reduce -36.1%
ROK Rockwell Automation Inc. 0.00% 434 $152K Reduce -4.2%
SHW The Sherwin-Williams Co. 0.00% 434 $150K Reduce -4.2%
DLR Digital Realty Trust Inc. 0.00% 869 $150K Reduce -4.2%
MDLZ Mondelez International Inc. Class A 0.00% 2,375 $148K Reduce -40.2%
GD General Dynamics Corp. 0.00% 434 $148K Reduce -52.1%
PEG Public Service Enterprise GP 0.00% 1,738 $145K Add +27.8%
MRVL Marvell Technology Inc. 0.00% 1,719 $145K Add +21.7%
MET Metlife Inc. 0.00% 1,738 $143K Reduce -4.1%
DOC Healthpeak Properties Inc. 0.00% 7,386 $141K New
RCL Royal Caribbean Cruises Ltd. 0.00% 434 $140K Reduce -4.2%
FISV Fiserv Inc. 0.00% 1,069 $138K Reduce -1.8%
GROW U.S. Global Investors Inc. Class A 0.00% 49,500 $136K No change
MMM 3M Co. 0.00% 869 $135K Reduce -4.2%
FAST Fastenal Co. 0.00% 2,745 $135K Reduce -19.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.00% 434 $134K Reduce -4.2%
VMC Vulcan Materials Co. 0.00% 434 $134K Reduce -4.2%
D Dominion Energy Inc. 0.00% 2,172 $133K Reduce -4.2%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.00% 1,303 $133K Add +43.7%
LHX L3HARRIS Technologies Inc. 0.00% 434 $133K Reduce -4.2%
OPRA Opera Ltd.-ADR 0.00% 6,400 $132K Reduce -52.6%
YUM Yum! Brands Inc. 0.00% 869 $132K Add +91.8%
GE General Electric filed as GE AEROSPACE 0.00% 434 $131K Reduce -52.1%
WDAY Workday Inc. Class A 0.00% 542 $130K Add +313.7%
XEL Xcel Energy Inc. 0.00% 1,590 $128K Reduce -26.7%
XYL Xylem Inc. 0.00% 869 $128K Reduce -4.2%
MNDY Monday.com Ltd. 0.00% 660 $128K No change
AEP American Electric Power 0.00% 1,136 $128K Reduce -8.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 869 $126K Reduce -4.2%
PSA Public Storage 0.00% 434 $125K Reduce -4.2%
DELL Dell Technologies -C 0.00% 869 $123K Add +91.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.00% 434 $122K Reduce -4.2%
ORCL Oracle Corp. 0.00% 434 $122K Reduce -52.1%
VTR Ventas Inc. 0.00% 1,738 $122K Reduce -94.2%
TRV The Travelers Cos Inc. 0.00% 434 $121K Reduce -4.2%
NXDT Nexpoint Diversified Real Es 0.00% 32,794 $121K Add +2.7%
GPC Genuine Parts Co. 0.00% 869 $120K New
EXC Exelon Corp. 0.00% 2,675 $120K Add +9.9%
PYPL PayPal Holdings Inc. 0.00% 1,790 $120K Reduce -37.6%
ECL Ecolab Inc. 0.00% 434 $119K Reduce -52.1%
RMD Resmed Inc. 0.00% 434 $119K Reduce -4.2%
PSX Phillips 66 0.00% 869 $118K Reduce -4.2%
ESS Essex Property Trust Inc. 0.00% 434 $116K Reduce -4.2%
EMR Emerson Electric Co. 0.00% 869 $114K Reduce -36.1%
LIN Linde PLC 0.00% 235 $112K Reduce -19.0%
EFX Equifax Inc. 0.00% 434 $111K Reduce -4.2%
PCAR Paccar Inc. 0.00% 1,131 $111K Reduce -32.7%
BKR Baker Hughes Co. 0.00% 2,228 $109K Reduce -8.1%
EXPD Expeditors Intl Wash Inc. 0.00% 869 $107K Add +91.8%
GM General Motors Co. 0.00% 1,738 $106K Reduce -23.3%
USB US Bancorp 0.00% 2,172 $105K Add +19.8%
ARES Ares Management Corp. Class A 0.00% 655 $105K Reduce -27.6%
DAVE Dave Inc. 0.00% 525 $105K No change
KIM Kimco Realty Corp. 0.00% 4,779 $104K Add +31.8%
ADM Archer-Daniels-Midland Co. 0.00% 1,738 $104K New
AVPT Avepoint Inc. 0.00% 6,900 $104K No change
HST Host Hotels & Resorts Inc. 0.00% 6,083 $104K New
BR Broadridge Financial Solutio 0.00% 434 $103K Reduce -90.8%
NTAP Netapp Inc. 0.00% 869 $103K Add +91.8%
OXY Occidental Petroleum Corp. 0.00% 2,172 $103K New
ALLT Allot Ltd. 0.00% 9,700 $103K Reduce -75.4%
FDX FedEx Corp. 0.00% 434 $102K Reduce -4.2%
DD Dupont DE Nemours Inc. 0.00% 1,303 $102K New
EW Edwards Lifesciences Corp. 0.00% 1,303 $101K Reduce -4.2%
AFCG Advanced Flower Capital Inc. 0.00% 26,000 $100K No change
WEC WEC Energy Group Inc. 0.00% 869 $100K Reduce -4.2%
TSCO Tractor Supply Company 0.00% 1,738 $99K Reduce -4.1%
DAL Delta Air Lines Inc. 0.00% 1,738 $99K New
BBY Best Buy Co. Inc. 0.00% 1,303 $99K New
AFL Aflac Inc. 0.00% 869 $97K Reduce -52.1%
BXP BXP Inc. 0.00% 1,303 $97K New
HPE Hewlett Packard Enterprise 0.00% 3,910 $96K New
FSLR First Solar Inc. 0.00% 434 $96K New
CMS CMS Energy Corp. 0.00% 1,303 $95K Add +43.7%
HPQ HP Inc. 0.00% 3,476 $95K New
PKG Packaging Corp. of America 0.00% 434 $95K Reduce -4.2%
PEP Pepsico Inc. 0.00% 670 $94K Reduce -20.6%
ALL Allstate Corp. 0.00% 434 $93K Reduce -4.2%
ES Eversource Energy 0.00% 1,303 $93K Reduce -28.1%
QCOM Qualcomm Inc. 0.00% 550 $91K Reduce -81.3%
SHOP Shopify Inc. Class A 0.00% 612 $91K Reduce -15.5%
AEE Ameren Corporation 0.00% 869 $91K Reduce -4.2%
OMF Onemain Holdings Inc. 0.00% 1,600 $90K No change
PRU Prudential Financial Inc. 0.00% 869 $90K Reduce -4.2%
SUNS Sunrise Realty Trust Inc. 0.00% 8,666 $90K No change
CGBD Carlyle Secured Lending Inc. 0.00% 7,087 $89K No change
C Citigroup Inc. 0.00% 869 $88K Reduce -52.1%
WPC WP Carey Inc. 0.00% 1,303 $88K Reduce -28.1%
CCL Carnival Corp. 0.00% 3,041 $88K Add +11.8%
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.00% 220 $87K No change
MRSH Marsh & McLennan Cos 0.00% 434 $87K Reduce -4.2%
ED Consolidated Edison Inc. 0.00% 869 $87K Reduce -4.2%
WAB Wabtec Corp. 0.00% 434 $87K Reduce -95.6%
BKNG Booking Holdings Inc. 0.00% 16 $86K Reduce -20.0%
MTB M & T Bank Corp. filed as M & T BK CORP 0.00% 434 $86K Reduce -4.2%
EXR Extra Space Storage Inc. 0.00% 600 $85K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.00% 1,303 $84K Reduce -4.2%
AVB Avalonbay Communities Inc. 0.00% 434 $84K Reduce -4.2%
CPA Copa Holdings SA Class A 0.00% 700 $83K No change
SCHW Schwab (charles) Corp. 0.00% 869 $83K Reduce -36.1%
FANG Diamondback Energy Inc. 0.00% 577 $83K Add +224.2%
AME Ametek Inc. 0.00% 434 $82K Reduce -4.2%
ETR Entergy Corp. 0.00% 869 $81K Reduce -4.2%
PPL PPL Corp. 0.00% 2,172 $81K Reduce -4.2%
BRO Brown & Brown Inc. 0.00% 854 $80K Reduce -97.6%
ISRG Intuitive Surgical Inc. 0.00% 179 $80K Reduce -73.3%
FE Firstenergy Corp. 0.00% 1,738 $80K Reduce -23.3%
TFC Truist Financial Corp. 0.00% 1,738 $79K Add +27.8%
EBAY eBay Inc. 0.00% 869 $79K Reduce -36.1%
MBIN Merchants Bancorp 0.00% 2,450 $78K No change
FITB Fifth Third Bancorp 0.00% 1,738 $77K Add +27.8%
NDAQ Nasdaq Inc. 0.00% 869 $77K Add +91.8%
ADBE Adobe Inc. 0.00% 217 $77K Reduce -69.9%
KEYS Keysight Technologies Inc. 0.00% 434 $76K Reduce -4.2%
AMGN Amgen Inc. 0.00% 267 $75K Reduce -18.1%
BX Blackstone Inc. 0.00% 434 $74K Reduce -4.2%
VLO Valero Energy Corp. 0.00% 434 $74K Reduce -52.1%
DHI D.R. Horton Inc. 0.00% 434 $74K New
TXT Textron Inc. 0.00% 869 $73K Reduce -4.2%
ICE Intercontinental Exchange Inc. 0.00% 434 $73K Reduce -4.2%
INTC Intel Corp. 0.00% 2,169 $73K Reduce -17.7%
PFG Principal Financial Group 0.00% 869 $72K Add +91.8%
SYY Sysco Corp. 0.00% 869 $72K Reduce -52.1%
ARCC Ares Capital Corp. 0.00% 3,500 $71K No change
CCAP Crescent Capital BDC Inc. 0.00% 4,900 $70K No change
CINF Cincinnati Financial Corp. 0.00% 434 $69K New
GILD Gilead Sciences Inc. 0.00% 617 $68K Reduce -19.2%
CBRE CBRE Group Inc. Class A 0.00% 434 $68K Reduce -4.2%
AIG American International Group 0.00% 869 $68K Reduce -4.2%
MELI MercadoLibre Inc. 0.00% 28 $65K Reduce -9.7%
J Jacobs Solutions Inc. 0.00% 434 $65K Reduce -4.2%
CMCSA Comcast Corp. Class A 0.00% 1,834 $58K Reduce -63.6%
PHM Pultegroup Inc. 0.00% 434 $57K Reduce -4.2%
DASH DoorDash Inc. Class A 0.00% 198 $54K Reduce -20.5%
CEG Constellation Energy 0.00% 156 $51K Reduce -17.0%
STT State Street Corp. 0.00% 434 $50K Reduce -4.2%
VRTX Vertex Pharmaceuticals Inc. 0.00% 124 $49K Reduce -21.0%
CLBT Cellebrite Di Ltd. 0.00% 2,600 $48K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.00% 434 $47K Reduce -52.1%
SBUX Starbucks Corp. 0.00% 552 $47K Reduce -73.1%
RF Regions Financial Corp. 0.00% 1,738 $46K Add +27.8%
HBAN Huntington Bancshares Inc. 0.00% 2,607 $45K Add +43.8%
PDD PDD Holdings Inc. 0.00% 327 $43K Reduce -32.9%
ASML ASML Holding NV-NY Reg SHS 0.00% 44 $43K Reduce -22.8%
MSTR Strategy Inc. 0.00% 123 $40K Reduce -16.9%
TATT Tat Technologies Ltd. 0.00% 900 $40K Reduce -60.9%
MUSA Murphy USA Inc. 0.00% 100 $39K Reduce -88.6%
QLYS Qualys Inc. 0.00% 280 $37K No change
TRI Thomson Reuters Corp. 0.00% 223 $35K New
MSCI MSCI Inc. 0.00% 60 $34K Reduce -90.5%
CSX CSX Corp. 0.00% 939 $33K Reduce -80.4%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.00% 434 $33K New
RBRK Rubrik Inc. Class A 0.00% 400 $33K No change
MNST Monster Beverage Corp. 0.00% 480 $32K Reduce -19.9%
XYZ Block Inc. 0.00% 434 $31K New
SYF Synchrony Financial 0.00% 434 $31K New
REGN Regeneron Pharmaceuticals 0.00% 53 $30K Reduce -18.5%
NXPI NXP Semiconductors NV 0.00% 126 $29K Reduce -17.6%
AXON Axon Enterprise Inc. 0.00% 39 $28K Reduce -18.8%
CPRT Copart Inc. 0.00% 616 $28K Reduce -86.0%
ROP Roper Technologies Inc. 0.00% 54 $27K Reduce -18.2%
ABNB Airbnb Inc. Class A 0.00% 218 $26K Reduce -17.4%
IOT Samsara Inc. Class A 0.00% 700 $26K No change
IDXX Idexx Laboratories Inc. 0.00% 40 $26K Reduce -20.0%
EA Electronic Arts Inc. 0.00% 124 $25K Reduce -88.4%
ENSG The Ensign Group Inc. 0.00% 140 $24K No change
ROST Ross Stores Inc. 0.00% 158 $24K Reduce -20.2%
WBD Warner Bros Discovery Inc. 0.00% 1,225 $24K Reduce -86.6%
ZS Zscaler Inc. 0.00% 78 $23K Reduce -17.9%
PAYX Paychex Inc. 0.00% 183 $23K Reduce -72.8%
XPEL Xpel Inc. 0.00% 700 $23K No change
DDOG Datadog Inc. Class A 0.00% 160 $23K Reduce -16.7%
AZN Astrazeneca PLC-Spons ADR 0.00% 294 $23K Reduce -18.3%
TTWO Take-Two Interactive Softwre 0.00% 87 $22K Reduce -19.4%
GRPN Groupon Inc. 0.00% 900 $21K Reduce -96.9%
CCEP Coca-Cola Europacific Partne 0.00% 231 $21K Reduce -20.1%
CHTR Charter Communications Inc. Class A 0.00% 70 $19K Reduce -87.0%
CSGP Costar Group Inc. 0.00% 212 $18K Reduce -16.5%
VRSK Verisk Analytics Inc. 0.00% 70 $18K Reduce -87.0%
MCHP Microchip Technology Inc. 0.00% 273 $18K Reduce -14.9%
GEHC GE Healthcare Technology 0.00% 233 $17K Reduce -16.2%
KDP Keurig Dr Pepper Inc. 0.00% 676 $17K Reduce -84.9%
CTSH Cognizant Tech Solutions-A 0.00% 245 $16K Reduce -79.8%
KHC The Kraft Heinz Co. 0.00% 628 $16K Reduce -14.1%
ODFL Old Dominion Freight Line 0.00% 105 $15K Reduce -19.2%
TEAM Atlassian Corp. Class A 0.00% 84 $13K Reduce -18.4%
DXCM Dexcom Inc. 0.00% 197 $13K Reduce -18.3%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 223 $11K Reduce -18.6%
CDW CDW Corp. 0.00% 66 $11K Reduce -20.5%
ON On Semiconductor 0.00% 209 $10K Reduce -16.4%
LULU Lululemon Athletica Inc. 0.00% 57 $10K Reduce -20.8%
GFS Globalfoundries Inc. 0.00% 275 $10K Reduce -18.4%
ARM Arm Holdings PLC-ADR 0.00% 69 $10K Reduce -10.4%
BIIB Biogen Inc. 0.00% 69 $10K Reduce -22.5%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 367$6.0BIJH, IWB, IWM, USMV, VWO
Q1 2026 365$5.4BIWB, IJH, IWM, USMV, VWO
Q4 2025 378$4.9BIWB, IJH, USMV, IWM, VWO
Q3 2025 441$5.0BIWB, IJH, IWM, USMV, VWO
Q2 2025 449$5.0BIWB, IJH, IWM, VWO, USMV
Q1 2025 420$4.9BIJH, IWB, USMV, IWM, VWO
Q4 2024 517$4.7BIWB, IJH, IWM, USMV, VWO
Q3 2024 541$4.4BIWB, IJH, IWM, USMV, VWO
Q2 2024 399$4.3BIWB, IJH, IWM, USMV, VWO
Q1 2024 392$4.2BIWB, IJH, IWM, USMV, VWO