Client First Investment Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 14, 2025), Client First Investment Management LLC reported 14 stock positions worth $147.5 million. Its top holding was Adaptiv Select ETF (ADPV) at 50.8% of the portfolio, followed by Alpha Architect 1-3 MNTH Box (BOXX, 24.1%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 10.8%). Compared with Q4 2024, it opened 4 new positions, sold out of 13, added to 5 and reduced 4. The biggest buy was Alpha Architect 1-3 MNTH Box (BOXX, shares +469%) and the biggest sale an exit from Proshares Ultra S&P500 (SSO).
- Most Recent 13F
- Q2 2026
- Location
- West Bend, WI
- CIK
- 0002018284
- Portfolio Value
- $147.5M (Q1 2025)
- SEC Filing
- 0001667731-25-000424 ↗ filed Apr 14, 2025
Holdings Value
Holdings 14 stocks · $147.5M
| ADPV Adaptiv Select ETF | 50.85% | 2,180,380 | $75.0M | Add +3.7% |
| BOXX Alpha Architect 1-3 MNTH Box | 24.10% | 318,785 | $35.5M | Add +468.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 10.85% | 174,420 | $16.0M | Add +831.4% |
| SGOL Abrdn Physical Gold Shares | 5.07% | 250,665 | $7.5M | New |
| JBBB Janus Henderson B-BBB Clo Et | 2.05% | 62,171 | $3.0M | Reduce -25.7% |
| LTL Proshares Ultra Communicatio | 1.51% | 27,284 | $2.2M | Add +204.7% |
| LLY Eli Lilly & Co. | 1.38% | 2,461 | $2.0M | Add +0.2% |
| MSFT Microsoft Corp. | 1.12% | 4,400 | $1.7M | No change |
| ARGT Global X MSCI Argentina ETF | 1.00% | 18,276 | $1.5M | New |
| PSLV Sprott Physical Silver Trust | 0.99% | 125,950 | $1.5M | New |
| PULS Pgim Ultra Short Bond ETF | 0.36% | 10,728 | $533K | Reduce -25.0% |
| XLC SS Comm Select Sector SPDR | 0.34% | 5,216 | $503K | New |
| JPST JPMorgan Ultra-Short Income | 0.19% | 5,513 | $279K | Reduce -4.8% |
| FTSM First Trust Enh Short Mat FD | 0.19% | 4,632 | $277K | Reduce -5.0% |
Portfolio Sells Q4 2024 → Q1 2025
| SSO Proshares Ultra S&P500 | Sold out | 0.00% | −23.07 |
| FLRT Pacer Aristotle Pacific Floa | Sold out | 0.00% | −4.15 |
| USD Proshares Ultra Semiconduct | Sold out | 0.00% | −2.89 |
| ICVT iShares Convertible Bond ETF | Sold out | 0.00% | −2.33 |
| FNGO Microsectors Fang Index 2X L | Sold out | 0.00% | −2.10 |
| TBT Proshares Ultrashort 20+Y TR | Sold out | 0.00% | −2.06 |
| SFYF Sofi Social 50 ETF | Sold out | 0.00% | −1.10 |
| MAGX Rdhill Daily 2X LM Seven ETF | Sold out | 0.00% | −1.02 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -25.7% | 2.05% | −0.59 |
| ATFV Alger 35 ETF | Sold out | 0.00% | −0.59 |
| BITU Proshares Ultra Bitcoin ETF | Sold out | 0.00% | −0.48 |
| AAPU Direxion Daily Aapl Bull 2X | Sold out | 0.00% | −0.23 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | Sold out | 0.00% | −0.21 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.21 |
| PULS Pgim Ultra Short Bond ETF | Reduce -25.0% | 0.36% | −0.09 |
| FTSM First Trust Enh Short Mat FD | Reduce -5.0% | 0.19% | +0.00 |
| JPST JPMorgan Ultra-Short Income | Reduce -4.8% | 0.19% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| BOXX Alpha Architect 1-3 MNTH Box | Add +468.7% | 24.10% | +20.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +831.4% | 10.85% | +9.75 |
| SGOL Abrdn Physical Gold Shares | New | 5.07% | +5.07 |
| ADPV Adaptiv Select ETF | Add +3.7% | 50.85% | +2.74 |
| LTL Proshares Ultra Communicatio | Add +204.7% | 1.51% | +1.03 |
| ARGT Global X MSCI Argentina ETF | New | 1.00% | +1.00 |
| PSLV Sprott Physical Silver Trust | New | 0.99% | +0.99 |
| XLC SS Comm Select Sector SPDR | New | 0.34% | +0.34 |
| LLY Eli Lilly & Co. | Add +0.2% | 1.38% | +0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $237.3M | ADPV, SSO, BOXX, UWM, PULS |
| Q1 2026 | 16 | $192.4M | ADPV, BOXX, PULS, SDS, SSO |
| Q4 2025 | 30 | $190.7M | ADPV, SSO, BOXX, SLV, JNUG |
| Q3 2025 | 39 | $196.0M | ADPV, BOXX, USD, SSO, NUGT |
| Q2 2025 | 26 | $163.0M | ADPV, BOXX, SSO, USD, QLD |
| Q1 2025 | 14 | $147.5M | ADPV, BOXX, BIL, SGOL, JBBB |
| Q4 2024 | 23 | $155.6M | ADPV, SSO, FLRT, BOXX, USD |
| Q3 2024 | 24 | $130.7M | ADPV, SSO, FLRT, USD, BOXX |
| Q2 2024 | 25 | $128.8M | ADPV, SSO, FLRT, BOXX, QLD |
| Q1 2024 | 22 | $125.9M | ADPV, SSO, BOXX, FLRT, UWM |