Concorde Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Concorde Asset Management, LLC reported 241 stock positions worth $250.0 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 5.7% of the portfolio, followed by Invesco S&P 500 Momentum ETF (SPMO, 3.8%) and Invesco QQQ Trust Series 1 (QQQ, 3.2%). Compared with Q3 2025, it opened 32 new positions, sold out of 12, added to 115 and reduced 86. The biggest buy was a new position in First Trust Global Wind Ener (FAN) and the biggest sale an exit from First Trust Smid Cap Rising (SDVY).
- Most Recent 13F
- Q2 2026
- Location
- ANN ARBOR, MI
- CIK
- 0001631773
- Portfolio Value
- $250.0M (Q4 2025)
- SEC Filing
- 0001062993-26-000868 ↗ filed Feb 13, 2026
Holdings Value
Holdings 241 stocks · $250.0M
| IVV iShares Core S&P 500 ETF | 5.67% | 20,678 | $14.2M | Add +3.5% |
| SPMO Invesco S&P 500 Momentum ETF | 3.82% | 80,006 | $9.5M | Add +3.5% |
| QQQ Invesco QQQ Trust Series 1 | 3.20% | 13,036 | $8.0M | Add +1.1% |
| NVDA Nvidia Corp. | 2.85% | 38,148 | $7.1M | Reduce -4.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.72% | 9,958 | $6.8M | Add +2.0% |
| IWY iShares Russell Top 200 Grow | 2.70% | 24,414 | $6.8M | Add +3.3% |
| BUFR FT Vest Lad Buffervetf-Usd I | 2.61% | 190,648 | $6.5M | Reduce -5.3% |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | 2.47% | 172,301 | $6.2M | Reduce -11.0% |
| FTSM First Trust Enh Short Mat FD | 2.43% | 101,297 | $6.1M | Reduce -3.3% |
| TDIV FT Nasdaq Tech DVD Index FD | 2.16% | 55,832 | $5.4M | Add +2.7% |
| CIBR First Trust Nasdaq Cybersecu | 2.13% | 74,410 | $5.3M | Add +1.9% |
| IVW iShares S&P 500 Growth ETF | 2.07% | 41,976 | $5.2M | Add +4.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.89% | 101,293 | $4.7M | Add +8.5% |
| AIRR First Trust Rba American Ind | 1.70% | 43,175 | $4.2M | Reduce -8.0% |
| SKYY First Trust Cloud Computing | 1.68% | 32,287 | $4.2M | Add +3.9% |
| AAPL Apple Inc. | 1.66% | 15,270 | $4.2M | Add +1.3% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.62% | 66,748 | $4.1M | Add +7.7% |
| QUAL iShares MSCI USA Quality Fac | 1.58% | 19,929 | $4.0M | Reduce -5.1% |
| PLTR Palantir Technologies Inc. Class A | 1.48% | 20,780 | $3.7M | Add +0.1% |
| SFLR Innovator Eqty MGD Floor ETF | 1.29% | 87,680 | $3.2M | Add +0.7% |
| IVE iShares S&P 500 Value ETF | 1.28% | 15,090 | $3.2M | Add +20.6% |
| RDVY First Trust Rising Dividend | 1.24% | 44,799 | $3.1M | Reduce -15.9% |
| EFG iShares MSCI Eafe Growth ETF | 1.18% | 25,970 | $3.0M | Reduce -1.4% |
| MSFT Microsoft Corp. | 1.09% | 5,640 | $2.7M | Add +0.3% |
| FDD First Trust Stoxx Europe | 1.09% | 155,712 | $2.7M | Add +1.0% |
| MISL First Trust Indxx Aero & Def | 1.06% | 62,138 | $2.7M | Add +46.4% |
| IYW iShares Ustechnology ETF | 1.03% | 12,909 | $2.6M | Reduce -5.7% |
| IEMG iShares Core MSCI Emerging | 0.93% | 34,753 | $2.3M | Add +13.4% |
| VRT Vertiv Holdings Co. Class A | 0.83% | 12,756 | $2.1M | Add +1.4% |
| EFV iShares MSCI Eafe Value ETF | 0.81% | 28,473 | $2.0M | Add +0.9% |
| FAN First Trust Global Wind Ener | 0.70% | 85,483 | $1.7M | New |
| FJP First Trust Japan | 0.68% | 25,327 | $1.7M | Add +87.1% |
| AMZN Amazon.com Inc. | 0.65% | 7,044 | $1.6M | Add +6.5% |
| FTCB FT Core Investment Grade ETF | 0.65% | 75,969 | $1.6M | Add +43.9% |
| TSLA Tesla Inc. | 0.64% | 3,545 | $1.6M | Reduce -12.7% |
| MBB iShares MBS ETF | 0.62% | 16,148 | $1.5M | Add +12.0% |
| FTS Fortis Inc. | 0.60% | 29,000 | $1.5M | No change |
| FTLS First Trust Long/Short Eqty | 0.54% | 19,116 | $1.4M | Add +64.6% |
| SN Sharkninja Inc. | 0.53% | 11,836 | $1.3M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.52% | 4,186 | $1.3M | Add +3.6% |
| NXDT Nexpoint Diversified Real Es | 0.46% | 301,289 | $1.2M | Reduce -8.2% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 0.46% | 98,370 | $1.1M | Add +7.0% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.44% | 20,978 | $1.1M | Add +16.2% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.43% | 14,871 | $1.1M | Reduce -1.1% |
| MPTI M-Tron Industries Inc. | 0.43% | 19,986 | $1.1M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.41% | 3,195 | $1.0M | Reduce -1.8% |
| UBER Uber Technologies Inc. | 0.41% | 12,476 | $1.0M | Add +0.4% |
| NFLX Netflix Inc. | 0.38% | 10,260 | $962K | Add +6.4% |
| LLY Eli Lilly & Co. | 0.38% | 890 | $956K | Add +1.0% |
| ADX Adams Diversified Equity | 0.38% | 40,332 | $941K | Add +7.3% |
| BABA Alibaba Group Holding-SP ADR | 0.37% | 6,293 | $922K | Reduce -0.1% |
| FSK FS KKR Capital Corp. | 0.37% | 62,275 | $922K | Add +24.9% |
| FSCO FS Credit Opportunities Corp. | 0.37% | 145,153 | $914K | Add +2.5% |
| AVGO Broadcom Inc. | 0.36% | 2,605 | $902K | Reduce -6.9% |
| JEPI JPMorgan Equity Premium Inco | 0.35% | 15,494 | $887K | Reduce -8.2% |
| ANET Arista Networks Inc. | 0.35% | 6,744 | $884K | Reduce -0.1% |
| RVT Royce Small-Cap Trust Inc. | 0.35% | 54,092 | $871K | Add +3.0% |
| NBXG Neuberger Next Generation Co. | 0.33% | 57,780 | $834K | Reduce -2.2% |
| HFRO Highland Opport & Income | 0.33% | 139,460 | $834K | Add +112.3% |
| LPLA LPL Financial Holdings Inc. | 0.33% | 2,303 | $823K | Add +1.0% |
| TLH iShares 10-20 Year Treasury | 0.33% | 8,022 | $816K | Add +10.9% |
| META Meta Platforms Inc. Class A | 0.33% | 1,232 | $814K | Add +6.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.32% | 9,045 | $809K | Reduce -0.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.32% | 1,721 | $807K | Add +6.1% |
| VOO Vanguard S&P 500 ETF | 0.32% | 1,286 | $806K | Add +7.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 1,580 | $794K | Add +7.0% |
| VKQ Invesco Municipal Trust | 0.32% | 81,759 | $789K | Add +8.5% |
| PSEC Prospect Capital Corp. | 0.32% | 304,280 | $788K | Add +40.1% |
| JNJ Johnson & Johnson | 0.32% | 3,807 | $788K | Add +0.3% |
| SPHY SS SPDR P High Yield ETF | 0.31% | 32,617 | $772K | Add +26.8% |
| SOFI Sofi Technologies Inc. | 0.30% | 28,820 | $755K | Add +13.6% |
| ALHC Alignment Healthcare Inc. | 0.30% | 38,100 | $752K | No change |
| SMH Vaneck Semiconductor ETF | 0.30% | 2,073 | $747K | Reduce -0.1% |
| NAD Nuveen Quality Municipal Inc. | 0.30% | 62,096 | $746K | Add +9.1% |
| XOM Exxon Mobil Corp. | 0.29% | 6,112 | $736K | Reduce -4.4% |
| DPG Duff & Phelps Utility & Inc. | 0.29% | 57,520 | $731K | Add +21.6% |
| DECK Deckers Outdoor Corp. | 0.29% | 7,042 | $730K | Reduce -28.3% |
| OEF iShares S&P 100 ETF | 0.29% | 2,122 | $728K | Add +40.9% |
| APP AppLovin Corp. Class A | 0.29% | 1,067 | $719K | Add +33.7% |
| DOCU Docusign Inc. | 0.29% | 10,450 | $715K | Reduce -32.0% |
| COST Costco Wholesale Corp. | 0.28% | 823 | $710K | Add +33.6% |
| GLD SPDR Gold Shares | 0.28% | 1,763 | $699K | Reduce -5.6% |
| CVX Chevron Corp. | 0.28% | 4,523 | $689K | Add +73.6% |
| MPT Medical Properties Trust Inc. | 0.27% | 136,506 | $683K | Add +7.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.26% | 6,139 | $655K | Add +8.9% |
| GNL Global Net Lease Inc. | 0.26% | 74,405 | $640K | Reduce -10.5% |
| FTGC First Trust Global Tactical | 0.25% | 27,432 | $637K | Add +89.0% |
| VIS Vanguard Industrials ETF | 0.25% | 2,132 | $636K | New |
| ABBV Abbvie Inc. | 0.25% | 2,763 | $631K | Reduce -6.3% |
| BDJ BlackRock Enhanced Eqty DVD | 0.25% | 66,105 | $627K | Add +14.2% |
| XMYDX BlackRock Muniyield Fund | 0.25% | 58,997 | $619K | Add +10.3% |
| TYG Tortoise Energy Infrastruct | 0.25% | 15,092 | $617K | Add +0.1% |
| XLC SS Comm Select Sector SPDR | 0.25% | 5,233 | $616K | Reduce -5.2% |
| VMO Invesco Municipal Opport | 0.24% | 63,692 | $610K | Add +13.2% |
| PKST Peakstone Realty Trust | 0.24% | 41,117 | $590K | Reduce -20.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.23% | 15,468 | $587K | Reduce -27.7% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.23% | 14,134 | $585K | Reduce -0.1% |
| IONQ Ionq Inc. | 0.23% | 13,005 | $584K | Add +27.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.23% | 9,869 | $574K | Reduce -1.2% |
| KYN Kayne Anderson Energy Infra | 0.23% | 45,520 | $564K | Add +21.5% |
Portfolio Sells Q3 2025 → Q4 2025
| SDVY First Trust Smid Cap Rising | Sold out | 0.00% | −1.09 |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | Reduce -11.0% | 2.47% | −0.36 |
| NVDA Nvidia Corp. | Reduce -4.1% | 2.85% | −0.30 |
| RDVY First Trust Rising Dividend | Reduce -15.9% | 1.24% | −0.25 |
| TTD Trade Desk Inc./the Class A | Reduce -27.7% | 0.23% | −0.22 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -5.3% | 2.61% | −0.20 |
| AIRR First Trust Rba American Ind | Reduce -8.0% | 1.70% | −0.20 |
| FTSM First Trust Enh Short Mat FD | Reduce -3.3% | 2.43% | −0.20 |
| KIE SS SPDR S&P Insurance ETF | Sold out | 0.00% | −0.19 |
| DOCU Docusign Inc. | Reduce -32.0% | 0.29% | −0.15 |
| QUAL iShares MSCI USA Quality Fac | Reduce -5.1% | 1.58% | −0.14 |
| DECK Deckers Outdoor Corp. | Reduce -28.3% | 0.29% | −0.13 |
| BABA Alibaba Group Holding-SP ADR | Reduce -0.1% | 0.37% | −0.13 |
| TSLA Tesla Inc. | Reduce -12.7% | 0.64% | −0.12 |
| PEN Penumbra Inc. | Sold out | 0.00% | −0.12 |
| STIP iShares 0-5 Year Tips Bond E | Sold out | 0.00% | −0.11 |
| IYW iShares Ustechnology ETF | Reduce -5.7% | 1.03% | −0.10 |
| T AT&T Inc. | Sold out | 0.00% | −0.10 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.10 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.09 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -1.4% | 1.18% | −0.09 |
| IPAY Amplify Digital Payments ETF | Sold out | 0.00% | −0.09 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.09 |
| CTO Cto Realty Growth Inc. | Sold out | 0.00% | −0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -33.8% | 0.11% | −0.06 |
| ENB Enbridge Inc. | Reduce -35.1% | 0.09% | −0.06 |
| AHR American Healthcare REIT Inc. | Reduce -31.8% | 0.17% | −0.06 |
| PAYC Paycom Software Inc. | Reduce -0.7% | 0.16% | −0.05 |
| ANET Arista Networks Inc. | Reduce -0.1% | 0.35% | −0.05 |
| MACKENZIE RLTY CAP INC | Sold out | 0.00% | −0.05 |
| HD Home Depot Inc. | Reduce -13.3% | 0.12% | −0.05 |
| HOMZ Hoya Capital Housing ETF | Reduce -27.8% | 0.09% | −0.05 |
| NBXG Neuberger Next Generation Co. | Reduce -2.2% | 0.33% | −0.05 |
| JEPI JPMorgan Equity Premium Inco | Reduce -8.2% | 0.35% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -19.8% | 0.12% | −0.05 |
| PKST Peakstone Realty Trust | Reduce -20.2% | 0.24% | −0.04 |
| XNROX Neu Re Est Sec Inc. FD Inc.-US | Reduce -7.6% | 0.20% | −0.04 |
| ABBV Abbvie Inc. | Reduce -6.3% | 0.25% | −0.04 |
| AVGO Broadcom Inc. | Reduce -6.9% | 0.36% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -21.9% | 0.11% | −0.03 |
| BLOK Amplify Blockchain Tech ETF | Reduce -1.8% | 0.10% | −0.03 |
| SILA Sila Realty Trust Inc. | Reduce -17.7% | 0.08% | −0.03 |
| NXDT Nexpoint Diversified Real Es | Reduce -8.2% | 0.46% | −0.03 |
| YOLO Advisorshares Pure Cannabis | Sold out | 0.00% | −0.03 |
| GNL Global Net Lease Inc. | Reduce -10.5% | 0.26% | −0.03 |
| GILD Gilead Sciences Inc. | Reduce -25.4% | 0.09% | −0.02 |
| XLF SS Financial Select Sector | Reduce -16.2% | 0.11% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -5.2% | 0.25% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -10.7% | 0.09% | −0.02 |
| PM Philip Morris International | Reduce -11.3% | 0.12% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| FAN First Trust Global Wind Ener | New | 0.70% | +0.70 |
| MISL First Trust Indxx Aero & Def | Add +46.4% | 1.06% | +0.32 |
| FJP First Trust Japan | Add +87.1% | 0.68% | +0.31 |
| VIS Vanguard Industrials ETF | New | 0.25% | +0.25 |
| FTLS First Trust Long/Short Eqty | Add +64.6% | 0.54% | +0.20 |
| IVE iShares S&P 500 Value ETF | Add +20.6% | 1.28% | +0.20 |
| GBIL Goldman Sachs Access Treasur | New | 0.19% | +0.19 |
| JPIE JPMorgan Income ETF | New | 0.17% | +0.17 |
| FTCB FT Core Investment Grade ETF | Add +43.9% | 0.65% | +0.17 |
| HFRO Highland Opport & Income | Add +112.3% | 0.33% | +0.16 |
| SLV iShares Silver Trust | New | 0.13% | +0.13 |
| FLTR Vaneck Ig Floating Rate ETF | New | 0.11% | +0.11 |
| UPS United Parcel Service Class B | New | 0.11% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +3.6% | 0.52% | +0.11 |
| TGT Target Corp. | New | 0.11% | +0.11 |
| TROW T Rowe Price Group Inc. | New | 0.11% | +0.11 |
| CVX Chevron Corp. | Add +73.6% | 0.28% | +0.11 |
| BE Bloom Energy Corp. Class A | New | 0.11% | +0.11 |
| ALB Albemarle Corp. | New | 0.10% | +0.10 |
| FTGC First Trust Global Tactical | Add +89.0% | 0.25% | +0.10 |
| RTX RTX Corp. | New | 0.09% | +0.09 |
| SYSB iShares Systematic Bond ETF | New | 0.09% | +0.09 |
| SIRI Sirius XM Holdings Inc. | New | 0.09% | +0.09 |
| PSLV Sprott Physical Silver Trust | New | 0.09% | +0.09 |
| ISRG Intuitive Surgical Inc. | New | 0.09% | +0.09 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +7.7% | 1.62% | +0.09 |
| MDB Mongodb Inc. | New | 0.09% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.09% | +0.09 |
| IOO iShares Global 100 ETF | New | 0.09% | +0.09 |
| ICSH iShares Ultra Short Duration | New | 0.09% | +0.09 |
| ICVT iShares Convertible Bond ETF | New | 0.09% | +0.09 |
| WEC WEC Energy Group Inc. | New | 0.09% | +0.09 |
| LLY Eli Lilly & Co. | Add +1.0% | 0.38% | +0.08 |
| AAPL Apple Inc. | Add +1.3% | 1.66% | +0.08 |
| AGNT Agnt Inc. | New | 0.08% | +0.08 |
| BIRK Birkenstock Holding PLC | Add +85.1% | 0.22% | +0.08 |
| HQH Abrdn Healthcare Investors | New | 0.08% | +0.08 |
| OEF iShares S&P 100 ETF | Add +40.9% | 0.29% | +0.08 |
| GS Goldman Sachs Group Inc. | New | 0.08% | +0.08 |
| IEMG iShares Core MSCI Emerging | Add +13.4% | 0.93% | +0.08 |
| GRID First TRST Nasd Class Edg Sgiif | Add +91.2% | 0.16% | +0.07 |
| PSEC Prospect Capital Corp. | Add +40.1% | 0.32% | +0.06 |
| JLS Nuveen Mortgage & Income | Add +74.4% | 0.17% | +0.06 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +8.5% | 1.89% | +0.06 |
| APP AppLovin Corp. Class A | Add +33.7% | 0.29% | +0.06 |
| JOBY Joby Aviation Inc. | New | 0.06% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +3.5% | 5.67% | +0.05 |
| SPHY SS SPDR P High Yield ETF | Add +26.8% | 0.31% | +0.05 |
| FDD First Trust Stoxx Europe | Add +1.0% | 1.09% | +0.05 |
| FSK FS KKR Capital Corp. | Add +24.9% | 0.37% | +0.05 |
Notes & Other Activity Q3 2025 → Q4 2025
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Sold out | 18,333 | $30Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |