Catalyst Capital Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Catalyst Capital Advisors LLC reported 378 stock positions worth $4.9 billion. Its top holding was iShares Russell 1000 ETF (IWB) at 11.2% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 10.6%) and iShares MSCI USA Min Vol Fac (USMV, 7.3%). Compared with Q3 2025, it opened 23 new positions, sold out of 87, added to 72 and reduced 206. The biggest buy was iShares MSCI India ETF (INDA, shares +5%) and the biggest sale Meta Platforms Class A (META, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- San Juan, PR
- CIK
- 0001549275
- Portfolio Value
- $4.9B (Q4 2025)
- SEC Filing
- 0001580642-26-000952 ↗ filed Feb 10, 2026
Holdings Value
Holdings 378 stocks · $4.9B
| IWB iShares Russell 1000 ETF | 11.22% | 1,462,605 | $546.2M | Reduce -0.2% |
| IJH iShares Core S&P Midcap ETF | 10.57% | 7,792,453 | $514.3M | Reduce -0.6% |
| USMV iShares MSCI USA Min Vol Fac | 7.26% | 3,752,960 | $353.4M | No change |
| IWM iShares Russell 2000 ETF | 7.24% | 1,431,749 | $352.4M | Reduce -5.0% |
| VWO Vanguard Ftse Emerging Marke | 6.86% | 6,211,582 | $333.9M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 6.54% | 466,818 | $318.3M | Reduce -0.2% |
| IJR iShares Core S&P Small-Cap E | 5.49% | 2,221,679 | $267.0M | Add +0.6% |
| VOO Vanguard S&P 500 ETF | 2.94% | 227,957 | $143.0M | Reduce -0.7% |
| INDA iShares MSCI India ETF | 2.66% | 2,393,426 | $129.4M | Add +5.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.45% | 378,439 | $119.1M | Reduce -5.1% |
| DFAC Dimensional US Core Equity 2 | 2.39% | 2,939,529 | $116.4M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.26% | 379,615 | $110.2M | No change |
| VNQ Vanguard Real Estate ETF | 2.14% | 1,174,363 | $103.9M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 1.72% | 323,914 | $83.6M | Reduce -5.1% |
| IWR iShares Russell Mid-Cap ETF | 1.36% | 685,140 | $66.0M | No change |
| IQLT iShares MSCI International Q | 1.34% | 1,431,920 | $65.1M | Reduce -5.1% |
| EWT iShares MSCI Taiwan ETF | 1.34% | 1,023,668 | $65.0M | Add +3.1% |
| EWJ iShares MSCI Japan ETF | 1.26% | 759,224 | $61.3M | Reduce -5.5% |
| EWU iShares MSCI United Kingdom | 1.16% | 1,281,507 | $56.4M | Reduce -5.6% |
| DFAE Dimensional Emerging Core Eq | 1.05% | 1,569,653 | $51.1M | Reduce -7.5% |
| DFIC Dimensional International Co. | 1.03% | 1,454,948 | $50.1M | Reduce -5.2% |
| QUAL iShares MSCI USA Quality Fac | 0.87% | 212,601 | $42.2M | Reduce -7.1% |
| DUHP Dimensional US High Profi Et | 0.77% | 986,101 | $37.5M | No change |
| ET Energy Transfer LP | 0.68% | 2,014,200 | $33.2M | Reduce -6.6% |
| LNG Cheniere Energy Inc. | 0.67% | 166,728 | $32.4M | Add +4.4% |
| TRGP Targa Resources Corp. | 0.66% | 174,928 | $32.3M | Reduce -17.5% |
| EWL iShares MSCI Switzerland ETF | 0.62% | 500,955 | $30.0M | Add +6.3% |
| NEXT Nextdecade Corp. | 0.50% | 4,642,512 | $24.5M | No change |
| EWA iShares MSCI Australia ETF | 0.44% | 816,234 | $21.4M | Add +5.2% |
| EWC iShares MSCI Canada ETF | 0.44% | 394,205 | $21.3M | Reduce -5.6% |
| EWZ iShares MSCI Brazil ETF | 0.43% | 659,985 | $21.0M | Reduce -2.4% |
| EWW iShares MSCI Mexico ETF | 0.42% | 297,086 | $20.6M | Reduce -5.6% |
| EPI Wisdomtree India Earnings | 0.42% | 440,569 | $20.4M | Reduce -5.2% |
| VG Venture Global Inc. Class A | 0.40% | 2,871,398 | $19.6M | Add +53.1% |
| BKLN Invesco Senior Loan ETF | 0.39% | 901,688 | $18.9M | No change |
| SRLN SS Blackstone Sr Loan ETF | 0.32% | 374,591 | $15.5M | No change |
| OKE Oneok Inc. | 0.31% | 208,333 | $15.3M | Reduce -14.9% |
| KMI Kinder Morgan Inc. | 0.31% | 556,180 | $15.3M | Reduce -16.7% |
| WMB Williams Cos Inc. | 0.31% | 254,192 | $15.3M | Reduce -17.1% |
| PBA Pembina Pipeline Corp. | 0.31% | 399,887 | $15.2M | Reduce -10.2% |
| ENB Enbridge Inc. | 0.31% | 317,006 | $15.2M | Reduce -13.4% |
| TRP TC Energy Corp. | 0.30% | 268,698 | $14.8M | Reduce -22.4% |
| EPD Enterprise Products Partners | 0.30% | 458,840 | $14.7M | Reduce -18.8% |
| MPLX MPLX LP | 0.30% | 274,980 | $14.7M | Reduce -24.5% |
| WES Western Midstream Partners L | 0.30% | 369,992 | $14.6M | Reduce -20.4% |
| KNTK Kinetik Holdings Inc. | 0.30% | 401,767 | $14.5M | Reduce -5.8% |
| EWH iShares MSCI Hong Kong ETF | 0.28% | 638,585 | $13.6M | Reduce -5.5% |
| PAGP Plains GP Holdings LP | 0.27% | 693,523 | $13.3M | Reduce -26.1% |
| DTM DT Midstream Inc. | 0.27% | 110,308 | $13.2M | Reduce -34.3% |
| EWS iShares MSCI Singapore ETF | 0.27% | 475,622 | $13.1M | Add +3.8% |
| AGG iShares Core U.S. Aggregate | 0.24% | 118,496 | $11.8M | Reduce -2.8% |
| EWP iShares MSCI Spain ETF | 0.23% | 204,438 | $11.0M | Reduce -5.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.17% | 27,250 | $8.3M | Reduce -0.9% |
| VGK Vanguard Ftse Europe ETF | 0.17% | 96,955 | $8.1M | Reduce -5.0% |
| EWQ iShares MSCI France ETF | 0.17% | 178,952 | $8.1M | No change |
| APH Amphenol Corp. Class A | 0.15% | 54,705 | $7.4M | Reduce -2.1% |
| EZA iShares MSCI South Africa Et | 0.15% | 106,287 | $7.3M | Reduce -5.0% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | 0.15% | 7,225,000 | $7.2M | No change |
| NVS Novartis AG-Sponsored ADR | 0.14% | 47,642 | $6.6M | Reduce -4.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.13% | 81,223 | $6.5M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 10,274 | $6.3M | Reduce -0.6% |
| FLEX Flex Ltd. | 0.13% | 101,525 | $6.1M | Reduce -1.5% |
| PULS Pgim Ultra Short Bond ETF | 0.12% | 119,165 | $5.9M | No change |
| GOOGL Alphabet Inc. Class A | 0.12% | 18,843 | $5.9M | Add +160.1% |
| AMZN Amazon.com Inc. | 0.12% | 25,418 | $5.9M | Reduce -5.7% |
| MSFT Microsoft Corp. | 0.12% | 11,894 | $5.8M | Reduce -9.1% |
| HESM Hess Midstream LP Class A | 0.12% | 163,561 | $5.6M | Reduce -18.8% |
| EWM iShares MSCI Malaysia ETF | 0.12% | 206,182 | $5.6M | Add +5.3% |
| AXP American Express Co. | 0.11% | 14,080 | $5.2M | Reduce -6.7% |
| GLDM SPDR Gold Minishares Trust | 0.10% | 56,300 | $4.8M | Reduce -11.2% |
| HOOD Robinhood Markets Inc. Class A | 0.09% | 40,698 | $4.6M | Reduce -14.6% |
| GLW Corning Inc. | 0.09% | 51,800 | $4.5M | Reduce -1.1% |
| SOBO South Bow Corp. | 0.09% | 161,679 | $4.4M | Reduce -20.7% |
| META Meta Platforms Inc. Class A | 0.09% | 6,684 | $4.4M | Reduce -58.4% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.09% | 82,764 | $4.4M | Reduce -11.7% |
| RL Ralph Lauren Corp. | 0.09% | 11,925 | $4.2M | Reduce -4.2% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | 0.09% | 4,203,000 | $4.2M | No change |
| THD iShares MSCI Thailand ETF | 0.09% | 70,522 | $4.2M | Reduce -8.1% |
| CAH Cardinal Health Inc. | 0.09% | 20,425 | $4.2M | Reduce -1.2% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.09% | 53,125 | $4.2M | Reduce -4.4% |
| CSCO Cisco Systems Inc. | 0.08% | 53,196 | $4.1M | Reduce -7.2% |
| TUR iShares MSCI Turkey ETF | 0.08% | 107,637 | $3.7M | Add +8.0% |
| UBER Uber Technologies Inc. | 0.08% | 45,000 | $3.7M | Add +11.1% |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 20,597 | $3.7M | Reduce -2.8% |
| TDG Transdigm Group Inc. | 0.07% | 2,726 | $3.6M | Reduce -4.5% |
| EXPE Expedia Group Inc. | 0.07% | 12,775 | $3.6M | Reduce -4.8% |
| RDDT Reddit Inc. Class A | 0.07% | 15,500 | $3.6M | Reduce -8.3% |
| SNY Sanofi-ADR | 0.07% | 71,528 | $3.5M | No change |
| APP AppLovin Corp. Class A | 0.07% | 5,112 | $3.4M | Reduce -0.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.07% | 7,269 | $3.4M | Reduce -1.8% |
| EME Emcor Group Inc. | 0.07% | 5,425 | $3.3M | Reduce -7.3% |
| CVX Chevron Corp. | 0.06% | 19,998 | $3.0M | Add +16.0% |
| GOOG Alphabet Inc. Class C | 0.06% | 9,554 | $3.0M | Reduce -2.8% |
| TAK Takeda Pharmaceutic-SP ADR | 0.06% | 192,000 | $3.0M | Add +3.8% |
| MU Micron Technology Inc. | 0.06% | 10,325 | $2.9M | Add +18.6% |
| MDT Medtronic PLC | 0.06% | 30,550 | $2.9M | Add +4.2% |
| USFD US Foods Holding Corp. | 0.06% | 35,825 | $2.7M | Reduce -7.4% |
| FTI Technipfmc PLC | 0.05% | 59,025 | $2.6M | Reduce -1.6% |
| NFG National Fuel Gas Co. | 0.05% | 32,045 | $2.6M | No change |
| WMT Walmart Inc. | 0.05% | 23,000 | $2.6M | Reduce -4.2% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T calls ($2.8M), STATE STR SPDR S&P 500 ETF T puts ($294K).
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -58.4% | 0.09% | −0.15 |
| IWM iShares Russell 2000 ETF | Reduce -5.0% | 7.24% | −0.11 |
| DTM DT Midstream Inc. | Reduce -34.3% | 0.27% | −0.11 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.09 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.08 |
| WMB Williams Cos Inc. | Reduce -17.1% | 0.31% | −0.08 |
| TRP TC Energy Corp. | Reduce -22.4% | 0.30% | −0.08 |
| PAGP Plains GP Holdings LP | Reduce -26.1% | 0.27% | −0.07 |
| KNTK Kinetik Holdings Inc. | Reduce -5.8% | 0.30% | −0.07 |
| WES Western Midstream Partners L | Reduce -20.4% | 0.30% | −0.07 |
| KMI Kinder Morgan Inc. | Reduce -16.7% | 0.31% | −0.07 |
| MPLX MPLX LP | Reduce -24.5% | 0.30% | −0.07 |
| ET Energy Transfer LP | Reduce -6.6% | 0.68% | −0.06 |
| ENB Enbridge Inc. | Reduce -13.4% | 0.31% | −0.06 |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | Sold out | 0.00% | −0.06 |
| EPD Enterprise Products Partners | Reduce -18.8% | 0.30% | −0.05 |
| TRGP Targa Resources Corp. | Reduce -17.5% | 0.66% | −0.05 |
| PBA Pembina Pipeline Corp. | Reduce -10.2% | 0.31% | −0.05 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.05 |
| OKE Oneok Inc. | Reduce -14.9% | 0.31% | −0.05 |
| HOOD Robinhood Markets Inc. Class A | Reduce -14.6% | 0.09% | −0.04 |
| EWJ iShares MSCI Japan ETF | Reduce -5.5% | 1.26% | −0.04 |
| LPLA LPL Financial Holdings Inc. | Reduce -68.8% | 0.02% | −0.04 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.03 |
| LRN Stride Inc. | Sold out | 0.00% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -5.1% | 1.72% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -7.1% | 0.87% | −0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -5.1% | 2.45% | −0.03 |
| DFAE Dimensional Emerging Core Eq | Reduce -7.5% | 1.05% | −0.03 |
| SOBO South Bow Corp. | Reduce -20.7% | 0.09% | −0.03 |
| HESM Hess Midstream LP Class A | Reduce -18.8% | 0.12% | −0.02 |
| JNJ Johnson & Johnson | Reduce -48.5% | 0.03% | −0.02 |
| MSFT Microsoft Corp. | Reduce -9.1% | 0.12% | −0.02 |
| CORT Corcept Therapeutics Inc. | Reduce -4.7% | 0.01% | −0.02 |
| HD Home Depot Inc. | Reduce -41.7% | 0.02% | −0.02 |
| ECG Everus Construction Group | Reduce -42.7% | 0.02% | −0.02 |
| SPHY SS SPDR P High Yield ETF | Reduce -24.2% | 0.05% | −0.02 |
| EWH iShares MSCI Hong Kong ETF | Reduce -5.5% | 0.28% | −0.01 |
| COP Conocophillips | Reduce -74.8% | 0.00% | −0.01 |
| NVDA Nvidia Corp. | Reduce -24.4% | 0.04% | −0.01 |
| STRL Sterling Infrastructure Inc. | Reduce -10.3% | 0.05% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -11.7% | 0.09% | −0.01 |
| AAPL Apple Inc. | Reduce -27.1% | 0.04% | −0.01 |
| EWW iShares MSCI Mexico ETF | Reduce -5.6% | 0.42% | −0.01 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.01 |
| EME Emcor Group Inc. | Reduce -7.3% | 0.07% | −0.01 |
| IQLT iShares MSCI International Q | Reduce -5.1% | 1.34% | −0.01 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.01 |
| ODD Oddity Tech Ltd. Class A | Reduce -32.1% | 0.01% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| INDA iShares MSCI India ETF | Add +5.1% | 2.66% | +0.27 |
| IJR iShares Core S&P Small-Cap E | Add +0.6% | 5.49% | +0.19 |
| EWL iShares MSCI Switzerland ETF | Add +6.3% | 0.62% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +160.1% | 0.12% | +0.09 |
| EWT iShares MSCI Taiwan ETF | Add +3.1% | 1.34% | +0.06 |
| EXE Expand Energy Corp. | New | 0.04% | +0.04 |
| BWXT BWX Technologies Inc. | New | 0.04% | +0.04 |
| FLS Flowserve Corp. | New | 0.03% | +0.03 |
| MPWR Monolithic Power Systems Inc. | New | 0.03% | +0.03 |
| VZ Verizon Communications Inc. | Add +657.3% | 0.04% | +0.03 |
| MU Micron Technology Inc. | Add +18.6% | 0.06% | +0.03 |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | New | 0.03% | +0.03 |
| WDAY Workday Inc. Class A | Add +972.1% | 0.03% | +0.02 |
| NBIX Neurocrine Biosciences Inc. | New | 0.02% | +0.02 |
| AON Aon PLC Class A | Add +65.3% | 0.05% | +0.02 |
| EWA iShares MSCI Australia ETF | Add +5.2% | 0.44% | +0.02 |
| HTGC Hercules Capital Inc. | New | 0.02% | +0.02 |
| BNY Bank of New York Mellon Corp. | Add +1450.7% | 0.02% | +0.02 |
| CSWC Capital Southwest Corp. | Add +145.0% | 0.02% | +0.01 |
| EWM iShares MSCI Malaysia ETF | Add +5.3% | 0.12% | +0.01 |
| UL Unilever PLC-Sponsored ADR | Add +38.5% | 0.05% | +0.01 |
| WYNN WYNN Resorts Ltd. | New | 0.01% | +0.01 |
| PFGC Performance Food Group Co. | New | 0.01% | +0.01 |
| MELI MercadoLibre Inc. | Add +1021.4% | 0.01% | +0.01 |
| FCX Freeport-McMoran Inc. | Add +9.8% | 0.04% | +0.01 |
| TOST Toast Inc. Class A | New | 0.01% | +0.01 |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | New | 0.01% | +0.01 |
| CVX Chevron Corp. | Add +16.0% | 0.06% | +0.01 |
| MARA HOLDINGS INC (MARA 0 06/01/31) | New | 0.01% | +0.01 |
| TUR iShares MSCI Turkey ETF | Add +8.0% | 0.08% | +0.01 |
| SOLS Solstice Adv Materials Inc. | Add +351.0% | 0.01% | +0.01 |
| EWS iShares MSCI Singapore ETF | Add +3.8% | 0.27% | +0.01 |
| TAK Takeda Pharmaceutic-SP ADR | Add +3.8% | 0.06% | +0.01 |
| BG Bunge Global SA | Add +4.0% | 0.05% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +258.1% | 0.01% | +0.01 |
| CRM Salesforce Inc. | New | 0.01% | +0.01 |
| KGC Kinross Gold Corp. | Add +70.8% | 0.01% | +0.01 |
| UPS United Parcel Service Class B | New | 0.01% | +0.01 |
| ANET Arista Networks Inc. | Add +34.3% | 0.03% | +0.00 |
| GFI Gold Fields Ltd.-Spons ADR | New | 0.00% | +0.00 |
| NUTANIX INC (NTNX 0.5 12/15/29) | New | 0.00% | +0.00 |
| MDT Medtronic PLC | Add +4.2% | 0.06% | +0.00 |
| NEM Newmont Corp. | Add +33.8% | 0.01% | +0.00 |
| SLB SLB Ltd. | New | 0.00% | +0.00 |
| DIS The Walt Disney Co. | New | 0.00% | +0.00 |
| AEM Agnico Eagle Mines Ltd. | Add +93.2% | 0.01% | +0.00 |
| B Barrick Mining Corp. | New | 0.00% | +0.00 |
| CTSH Cognizant Tech Solutions-A | Add +590.6% | 0.00% | +0.00 |
| PCG P G & E Corp. | New | 0.00% | +0.00 |
| ICE Intercontinental Exchange Inc. | Add +150.0% | 0.00% | +0.00 |
Options Activity Q3 2025 → Q4 2025
| STATE STR SPDR S&P 500 ETF T | call | Reduce -3.3% | 295 | $2.8M |
| STATE STR SPDR S&P 500 ETF T | put | Reduce -3.3% | 295 | $294K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |