Concorde Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Concorde Asset Management, LLC reported 175 stock positions worth $185.8 million. Its top holding was First Trust Enh Short Mat FD (FTSM) at 37.5% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 6.3%) and Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 2.5%). Compared with Q4 2024, it opened 17 new positions, sold out of 24, added to 75 and reduced 71. The biggest buy was First Trust Enh Short Mat FD (FTSM, shares +1244%) and the biggest sale FT Nasdaq Tech DVD Index FD (TDIV, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- ANN ARBOR, MI
- CIK
- 0001631773
- Portfolio Value
- $185.8M (Q1 2025)
- SEC Filing
- 0001062993-25-009488 ↗ filed May 15, 2025
Holdings Value
Holdings 175 stocks · $185.8M
| FTSM First Trust Enh Short Mat FD | 37.53% | 1,165,643 | $69.7M | Add +1243.9% |
| IVV iShares Core S&P 500 ETF | 6.28% | 21,281 | $11.7M | Reduce -1.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 2.54% | 103,322 | $4.7M | Reduce -11.0% |
| NVDA Nvidia Corp. | 2.50% | 40,577 | $4.6M | Reduce -7.5% |
| IVW iShares S&P 500 Growth ETF | 2.01% | 40,449 | $3.7M | Add +0.5% |
| QUAL iShares MSCI USA Quality Fac | 1.69% | 18,976 | $3.1M | Add +2.8% |
| AAPL Apple Inc. | 1.65% | 15,704 | $3.1M | Add +5.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.49% | 58,419 | $2.8M | Reduce -0.3% |
| EFG iShares MSCI Eafe Growth ETF | 1.39% | 26,583 | $2.6M | Reduce -9.5% |
| MSFT Microsoft Corp. | 1.14% | 5,422 | $2.1M | Add +4.9% |
| IVE iShares S&P 500 Value ETF | 1.06% | 10,854 | $2.0M | Add +8.7% |
| IYW iShares Ustechnology ETF | 1.02% | 13,655 | $1.9M | Add +4.7% |
| PLTR Palantir Technologies Inc. Class A | 0.93% | 18,750 | $1.7M | Reduce -8.4% |
| EFV iShares MSCI Eafe Value ETF | 0.84% | 27,791 | $1.6M | Reduce -12.2% |
| MBB iShares MBS ETF | 0.76% | 15,247 | $1.4M | Reduce -17.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.75% | 2,998 | $1.4M | Reduce -84.2% |
| IEMG iShares Core MSCI Emerging | 0.75% | 27,292 | $1.4M | Add +3.4% |
| AMZN Amazon.com Inc. | 0.70% | 6,780 | $1.3M | Reduce -11.6% |
| FTS Fortis Inc. | 0.69% | 29,000 | $1.3M | No change |
| SPMO Invesco S&P 500 Momentum ETF | 0.66% | 13,395 | $1.2M | Reduce -83.1% |
| NXDT Nexpoint Diversified Real Es | 0.65% | 291,168 | $1.2M | Add +18.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.53% | 18,365 | $984K | Reduce -0.5% |
| FSCO FS Credit Opportunities Corp. | 0.53% | 146,789 | $979K | Add +4.4% |
| META Meta Platforms Inc. Class A | 0.52% | 1,638 | $959K | Add +18.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.50% | 17,278 | $935K | Add +55.6% |
| NFLX Netflix Inc. | 0.48% | 947 | $895K | Add +28.3% |
| MPTI M-Tron Industries Inc. | 0.45% | 18,527 | $836K | Reduce -2.2% |
| TSLA Tesla Inc. | 0.44% | 3,085 | $821K | Reduce -0.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.44% | 2,148 | $812K | Reduce -13.4% |
| JPM JPMorgan Chase & Co. | 0.41% | 3,268 | $769K | Add +1.4% |
| LLY Eli Lilly & Co. | 0.41% | 1,015 | $765K | Add +12.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.41% | 14,802 | $765K | Reduce -10.7% |
| FSK FS KKR Capital Corp. | 0.41% | 38,842 | $761K | Add +26.8% |
| JNJ Johnson & Johnson | 0.39% | 4,805 | $726K | Reduce -3.9% |
| IEF iShares 7-10 Year Treasury B | 0.39% | 7,662 | $725K | New |
| COST Costco Wholesale Corp. | 0.38% | 741 | $715K | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 1,333 | $698K | Add +17.0% |
| SN Sharkninja Inc. | 0.37% | 8,820 | $695K | Reduce -15.2% |
| XOM Exxon Mobil Corp. | 0.36% | 6,328 | $675K | Reduce -4.7% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.36% | 23,403 | $673K | Reduce -91.8% |
| JEPI JPMorgan Equity Premium Inco | 0.35% | 11,891 | $652K | Add +37.0% |
| BABA Alibaba Group Holding-SP ADR | 0.35% | 6,120 | $641K | New |
| NBXG Neuberger Next Generation Co. | 0.33% | 51,720 | $621K | Add +8.7% |
| GNL Global Net Lease Inc. | 0.33% | 84,965 | $613K | Add +18.4% |
| VOO Vanguard S&P 500 ETF | 0.33% | 1,225 | $612K | Reduce -5.9% |
| ALHC Alignment Healthcare Inc. | 0.32% | 32,520 | $603K | No change |
| RVT Royce Small-Cap Trust Inc. | 0.32% | 43,942 | $600K | Add +12.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 1,084 | $597K | Reduce -92.8% |
| LPLA LPL Financial Holdings Inc. | 0.31% | 1,830 | $583K | Reduce -7.8% |
| ESGU iShares ESG Aware MSCI USA | 0.31% | 4,815 | $572K | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.30% | 3,551 | $564K | Add +45.4% |
| VRT Vertiv Holdings Co. Class A | 0.30% | 7,641 | $556K | New |
| GXO Gxo Logistics Inc. | 0.30% | 15,451 | $549K | Reduce -6.9% |
| TYG Tortoise Energy Infrastruct | 0.29% | 14,448 | $545K | Reduce -5.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 7,449 | $545K | Add +3.5% |
| TLH iShares 10-20 Year Treasury | 0.29% | 5,356 | $544K | New |
| XLC SS Comm Select Sector SPDR | 0.29% | 5,783 | $542K | Add +34.8% |
| XNROX Neu Re Est Sec Inc. FD Inc.-US filed as NEUBERGER BERMAN REAL ESTATE | 0.28% | 175,200 | $528K | Reduce -5.3% |
| DPG Duff & Phelps Utility & Inc. | 0.28% | 46,300 | $525K | Add +6.2% |
| ABBV Abbvie Inc. | 0.28% | 2,896 | $521K | Reduce -0.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.28% | 6,502 | $520K | Add +58.5% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.28% | 47,376 | $518K | Add +69.8% |
| NPFD Nuveen Var RT Pref & Inc. | 0.28% | 28,400 | $517K | Add +27.6% |
| GLD SPDR Gold Shares | 0.28% | 1,800 | $514K | Add +7.3% |
| IWY iShares Russell Top 200 Grow | 0.27% | 2,441 | $510K | Reduce -92.1% |
| ANET Arista Networks Inc. | 0.27% | 6,525 | $496K | Add +8.0% |
| FTLS First Trust Long/Short Eqty | 0.25% | 7,482 | $469K | Add +10.2% |
| HD Home Depot Inc. | 0.25% | 1,317 | $468K | Add +0.5% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.25% | 13,502 | $466K | Add +1.3% |
| PAPI Parametric Equity Prem Inco | 0.25% | 18,587 | $462K | Add +76.7% |
| SMCI Super Micro Computer Inc. | 0.25% | 12,453 | $457K | Reduce -39.5% |
| PAYC Paycom Software Inc. | 0.24% | 2,083 | $455K | Reduce -5.8% |
| ADX Adams Diversified Equity | 0.23% | 23,277 | $436K | Add +60.5% |
| XLP SS Consumer Staples Sel Sect | 0.23% | 5,477 | $434K | New |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.23% | 6,550 | $432K | Add +33.7% |
| BUFD FT VST Lad Deep Buf ETF-Usdi | 0.23% | 17,354 | $425K | Add +13.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 3,287 | $414K | Add +0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.22% | 1,117 | $411K | Reduce -1.6% |
| AVGO Broadcom Inc. | 0.22% | 2,187 | $405K | Add +0.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 7,956 | $403K | Add +31.8% |
| OKE Oneok Inc. | 0.22% | 4,749 | $403K | Reduce -0.9% |
| IWM iShares Russell 2000 ETF | 0.22% | 2,120 | $402K | Reduce -0.8% |
| SMH Vaneck Semiconductor ETF | 0.22% | 1,907 | $402K | Reduce -1.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 2,400 | $397K | Add +13.2% |
| BDJ BlackRock Enhanced Eqty DVD | 0.21% | 48,404 | $396K | Add +36.3% |
| VZ Verizon Communications Inc. | 0.21% | 9,084 | $394K | Add +0.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.21% | 4,286 | $392K | Add +20.5% |
| CVX Chevron Corp. | 0.21% | 2,570 | $388K | Add +33.0% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 4,280 | $380K | Reduce -46.8% |
| MTUM iShares MSCI USA Momentum Fa | 0.20% | 1,889 | $378K | New |
| PM Philip Morris International | 0.20% | 2,428 | $372K | Add +1.4% |
| FISV Fiserv Inc. | 0.20% | 1,750 | $368K | No change |
| VEA Vanguard Ftse Developed ETF | 0.20% | 7,490 | $367K | Add +0.7% |
| TPZ Tort Electf Infra ETF-Usd Inc. filed as TORTOISE CAPITAL SERIES TRUS | 0.19% | 18,934 | $358K | Reduce -5.7% |
| TDIV FT Nasdaq Tech DVD Index FD | 0.19% | 4,859 | $348K | Reduce -96.1% |
| VCIT Vanguard Int-Term Corporate | 0.19% | 4,271 | $347K | Add +3.0% |
| RLTY Cohen & Steers RL Est Opprt | 0.18% | 24,700 | $344K | Add +6.9% |
| XLF SS Financial Select Sector | 0.18% | 7,248 | $344K | New |
| PG The Procter & Gamble Co. | 0.18% | 2,088 | $339K | Add +0.3% |
| HOMZ Hoya Capital Housing ETF | 0.18% | 8,050 | $338K | Reduce -1.6% |
Portfolio Sells Q4 2024 → Q1 2025
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -96.1% | 0.19% | −4.95 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -84.2% | 0.75% | −4.29 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -92.8% | 0.32% | −4.25 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -91.8% | 0.36% | −4.15 |
| IWY iShares Russell Top 200 Grow | Reduce -92.1% | 0.27% | −3.53 |
| SPMO Invesco S&P 500 Momentum ETF | Reduce -83.1% | 0.66% | −3.26 |
| AIRR First Trust Rba American Ind | Sold out | 0.00% | −2.44 |
| IWX iShares Russell Top 200 Valu | Sold out | 0.00% | −2.15 |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | Sold out | 0.00% | −1.49 |
| SFLR Innovator Eqty MGD Floor ETF | Sold out | 0.00% | −1.49 |
| GRID First TRST Nasd Class Edg Sgiif | Sold out | 0.00% | −1.20 |
| NVDA Nvidia Corp. | Reduce -7.5% | 2.50% | −0.58 |
| IVV iShares Core S&P 500 ETF | Reduce -1.6% | 6.28% | −0.36 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.24 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.23 |
| TSLA Tesla Inc. | Reduce -0.9% | 0.44% | −0.21 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.21 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -11.0% | 2.54% | −0.20 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.19 |
| AMZN Amazon.com Inc. | Reduce -11.6% | 0.70% | −0.18 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.18 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.17 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.17 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.17 |
| TLT iShares 20+ Year Treasury BD | Reduce -46.8% | 0.20% | −0.16 |
| SN Sharkninja Inc. | Reduce -15.2% | 0.37% | −0.15 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.15 |
| IONQ Ionq Inc. | Sold out | 0.00% | −0.14 |
| QTWO Q2 Holdings Inc. | Sold out | 0.00% | −0.14 |
| XMMO Invesco S&P Midcap Momentum | Sold out | 0.00% | −0.14 |
| JXN Jackson Financial Inc. Class A | Sold out | 0.00% | −0.13 |
| IGEB iShares Investment Grade SYS | Sold out | 0.00% | −0.13 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.12 |
| MBB iShares MBS ETF | Reduce -17.0% | 0.76% | −0.12 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.11 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.11 |
| HDV iShares Core High Dividend E | Sold out | 0.00% | −0.11 |
| PECO Phillips Edison & Company Inc. | Sold out | 0.00% | −0.11 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -9.5% | 1.39% | −0.09 |
| GXO Gxo Logistics Inc. | Reduce -6.9% | 0.30% | −0.08 |
| SMCI Super Micro Computer Inc. | Reduce -39.5% | 0.25% | −0.08 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -0.3% | 1.49% | −0.07 |
| NOW ServiceNow Inc. | Reduce -15.7% | 0.15% | −0.07 |
| MSOS Advisorshares Pure US Cann | Reduce -17.3% | 0.09% | −0.07 |
| ENB Enbridge Inc. | Reduce -28.9% | 0.15% | −0.06 |
| TWST Twist Bioscience Corp. | Reduce -16.9% | 0.17% | −0.06 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | Reduce -5.3% | 0.28% | −0.06 |
| SOFI Sofi Technologies Inc. | Reduce -8.1% | 0.13% | −0.06 |
| TYG Tortoise Energy Infrastruct | Reduce -5.6% | 0.29% | −0.04 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -10.7% | 0.41% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| FTSM First Trust Enh Short Mat FD | Add +1243.9% | 37.53% | +34.82 |
| IEF iShares 7-10 Year Treasury B | New | 0.39% | +0.39 |
| BABA Alibaba Group Holding-SP ADR | New | 0.35% | +0.35 |
| VRT Vertiv Holdings Co. Class A | New | 0.30% | +0.30 |
| TLH iShares 10-20 Year Treasury | New | 0.29% | +0.29 |
| XLP SS Consumer Staples Sel Sect | New | 0.23% | +0.23 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.20% | +0.20 |
| XLF SS Financial Select Sector | New | 0.18% | +0.18 |
| BIRK Birkenstock Holding PLC | New | 0.18% | +0.18 |
| TTE Totalenergies SE -Spon ADR | New | 0.14% | +0.14 |
| NFLX Netflix Inc. | Add +28.3% | 0.48% | +0.14 |
| IAU iShares Gold Trust | New | 0.13% | +0.13 |
| T AT&T Inc. | New | 0.12% | +0.12 |
| FTCB FT Core Investment Grade ETF | New | 0.12% | +0.12 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +69.8% | 0.28% | +0.11 |
| FTHI Fthi/First Trust Exchange-TR | New | 0.11% | +0.11 |
| GSY Invesco Ultra Short Duration | New | 0.11% | +0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +17.0% | 0.38% | +0.11 |
| PAPI Parametric Equity Prem Inco | Add +76.7% | 0.25% | +0.11 |
| META Meta Platforms Inc. Class A | Add +18.3% | 0.52% | +0.09 |
| NAD Nuveen Quality Municipal Inc. | New | 0.09% | +0.09 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +58.5% | 0.28% | +0.09 |
| JEPI JPMorgan Equity Premium Inco | Add +37.0% | 0.35% | +0.09 |
| ADX Adams Diversified Equity | Add +60.5% | 0.23% | +0.08 |
| PSEC Prospect Capital Corp. | Add +149.2% | 0.15% | +0.08 |
| XLC SS Comm Select Sector SPDR | Add +34.8% | 0.29% | +0.08 |
| NPFD Nuveen Var RT Pref & Inc. | Add +27.6% | 0.28% | +0.07 |
| IVE iShares S&P 500 Value ETF | Add +8.7% | 1.06% | +0.07 |
| GLD SPDR Gold Shares | Add +7.3% | 0.28% | +0.06 |
| CVX Chevron Corp. | Add +33.0% | 0.21% | +0.06 |
| FSK FS KKR Capital Corp. | Add +26.8% | 0.41% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +45.4% | 0.30% | +0.06 |
| BDJ BlackRock Enhanced Eqty DVD | Add +36.3% | 0.21% | +0.06 |
| GNL Global Net Lease Inc. | Add +18.4% | 0.33% | +0.06 |
| VMO Invesco Municipal Opport | New | 0.05% | +0.05 |
| VKQ Invesco Municipal Trust | Add +64.1% | 0.13% | +0.05 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +33.7% | 0.23% | +0.05 |
| PM Philip Morris International | Add +1.4% | 0.20% | +0.05 |
| LLY Eli Lilly & Co. | Add +12.8% | 0.41% | +0.05 |
| SBI Western Asset Intermediate | New | 0.05% | +0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +20.5% | 0.21% | +0.04 |
| JEPQ JPM Nasdaq Equity Premium | Add +31.8% | 0.22% | +0.04 |
| MACKENZIE RLTY CAP INC | Add +313.4% | 0.07% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +3.4% | 0.75% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.5% | 0.29% | +0.03 |
| MCD McDonald's Corp. | Add +16.3% | 0.13% | +0.03 |
| FSCO FS Credit Opportunities Corp. | Add +4.4% | 0.53% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +13.2% | 0.21% | +0.03 |
| BUFD FT VST Lad Deep Buf ETF-Usdi | Add +13.8% | 0.23% | +0.03 |
| NREF Nexpoint Real Estate Finance | Add +37.1% | 0.16% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 152 | $172.8M | IVV, SPMO, QQQ, SPY, AIRR |
| Q1 2026 | 207 | $204.0M | IVV, QQQ, SPMO, SPY, BUFR |
| Q4 2025 | 241 | $250.0M | IVV, SPMO, QQQ, NVDA, SPY |
| Q3 2025 | 221 | $239.1M | IVV, SPMO, QQQ, NVDA, BUFQ |
| Q1 2025 | 175 | $185.8M | FTSM, IVV, IUSB, NVDA, IVW |
| Q4 2024 | 182 | $191.8M | IVV, TDIV, QQQ, SPY, BUFR |
| Q3 2024 | 175 | $177.2M | IVV, BUFR, TDIV, QQQ, SPY |
| Q2 2024 | 162 | $162.2M | BUFR, IVV, QQQ, TDIV, SPY |
| Q1 2024 | 135 | $146.2M | BUFR, IVV, TDIV, QQQ, SPY |