In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Client First Capital LLC reported 22 stock positions worth $224.5 million . Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 20.4% of the portfolio, followed by iShares 0-1 Year Treasury Bo (SHV, 16.6% ) and Wisdomtree Floating Rate Tre (USFR, 11.3% ). Compared with Q2 2025, it opened 3 new positions, sold out of 3, added to 5 and reduced 10. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +22% ) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −9% ).
Location SAN DIEGO, CA
CIK 0001822065
Portfolio Value $224.5M (Q3 2025) Holdings 22 stocks · $224.5M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 QQQ Invesco QQQ Trust Series 1 76,413 $45.9M Reduce -1.7% SHV iShares 0-1 Year Treasury Bo 337,393 $37.3M Reduce -9.0% USFR Wisdomtree Floating Rate Tre 505,082 $25.4M Add +21.6% IVV iShares Core S&P 500 ETF 35,863 $24.0M Reduce -6.3% QUAL iShares MSCI USA Quality Fac 122,767 $23.9M Add +4.9% GLD SPDR Gold Shares 41,872 $14.9M Add +0.4% XLC SS Comm Select Sector SPDR 83,906 $9.9M Reduce -6.9% OEF iShares S&P 100 ETF 20,035 $6.7M Reduce -34.2% XLG Invesco S&P 500 Top 50 ETF 115,067 $6.6M Reduce -3.1% XLF SS Financial Select Sector 115,803 $6.2M Add +0.4% CMF iShares California Muni Bond 92,578 $5.3M No change SMAX iShares L Cap MB Sep ETF 187,139 $5.0M Add +0.1% IWF iShares Russell 1000 Growth 7,338 $3.4M Reduce -5.0% ICSH iShares Ultra Short Duration 55,695 $2.8M New MUB iShares National Muni Bond E 23,079 $2.5M No change MAXJ iShares LG Cap Max Buff Jun 76,387 $2.1M New CALI Ishrs SH-TRM Ca Muni Act ETF 15,235 $772K Reduce -0.3% LLY Eli Lilly & Co. 690 $526K No change MEAR Ishrs Short Mat Muni Act ETF 8,804 $445K Reduce -42.5% RTX RTX Corp. 2,153 $360K No change AAPL Apple Inc. 947 $241K New CINF Cincinnati Financial Corp. 1,289 $204K Reduce -30.1%
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ SHV iShares 0-1 Year Treasury Bo Reduce -9.0% 16.61% −2.62 OEF iShares S&P 100 ETF Reduce -34.2% 2.97% −1.38 IVV iShares Core S&P 500 ETF Reduce -6.3% 10.69% −0.47 XLC SS Comm Select Sector SPDR Reduce -6.9% 4.42% −0.17 MEAR Ishrs Short Mat Muni Act ETF Reduce -42.5% 0.20% −0.16 PM Philip Morris International Sold out 0.00% −0.12 SO The Southern Co. Sold out 0.00% −0.10 MO Altria Group Inc. Sold out 0.00% −0.10 CINF Cincinnati Financial Corp. Reduce -30.1% 0.09% −0.04 CALI Ishrs SH-TRM Ca Muni Act ETF Reduce -0.3% 0.34% −0.02 IWF iShares Russell 1000 Growth Reduce -5.0% 1.53% −0.01 XLG Invesco S&P 500 Top 50 ETF Reduce -3.1% 2.95% +0.04 QQQ Invesco QQQ Trust Series 1 Reduce -1.7% 20.44% +0.30
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ USFR Wisdomtree Floating Rate Tre Add +21.6% 11.31% +1.50 ICSH iShares Ultra Short Duration New 1.26% +1.26 MAXJ iShares LG Cap Max Buff Jun New 0.95% +0.95 GLD SPDR Gold Shares Add +0.4% 6.63% +0.66 QUAL iShares MSCI USA Quality Fac Add +4.9% 10.64% +0.59 AAPL Apple Inc. New 0.11% +0.11 SMAX iShares L Cap MB Sep ETF Add +0.1% 2.23% −0.05 XLF SS Financial Select Sector Add +0.4% 2.78% −0.06
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ GLD SPDR Gold Shares call Sold out 2,000 $610Kbefore exit
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 26 $247.8M QQQ, IVV, SHV, QUAL, USFR Q1 2026 26 $227.4M QQQ, SHV, IVV, QUAL, USFR Q4 2025 25 $234.1M QQQ, SHV, IVV, QUAL, USFR Q3 2025 22 $224.5M QQQ, SHV, USFR, IVV, QUAL Q2 2025 22 $213.0M QQQ, SHV, IVV, QUAL, USFR Q1 2025 18 $195.2M SHV, QQQ, IVV, QUAL, GLD Q4 2024 19 $194.5M QQQ, SHV, IVV, GLD, QUAL Q3 2024 19 $180.9M SHV, QQQ, IVV, BIL, GLD Q2 2024 18 $166.1M SHV, QQQ, IVV, QUAL, GLD Q1 2024 14 $142.7M SHV, QQQ, IVV, QUAL, GLD