CPA Asset Management Group, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), CPA Asset Management Group, LLC reported 89 stock positions worth $259.4 million. Its top holding was Fidelity Total Bond ETF (FBND) at 11.2% of the portfolio, followed by Dimensional Emerging Core Eq (DFAE, 7.8%) and iShares Gold Trust (IAU, 6.9%). Compared with Q2 2025, it opened 7 new positions, sold out of 1, added to 24 and reduced 22. The biggest buy was a new position in Vanguard Govt Sec Active ETF (VGVT) and the biggest sale Dimensional Inflation-Protec (DFIP, shares −17%).

Most Recent 13F
Q2 2026
Location
WEST PALM BEACH, FL
CIK
0001963967
Portfolio Value
$259.4M (Q3 2025)
SEC Filing
0001963967-25-000009 ↗ filed Oct 21, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $178.6M Q1 2024 Q2 2024: $186.7M Q2 2024 Q3 2024: $207.1M Q3 2024 Q4 2024: $215.2M Q4 2024 Q1 2025: $227.2M Q1 2025 Q2 2025: $237.9M Q2 2025 Q3 2025: $259.4M $259.4M Q3 2025 Q4 2025: $285.0M Q4 2025 Q1 2026: $298.2M Q1 2026 Q2 2026: $347.2M Q2 2026

Holdings 89 stocks · $259.4M
FBND Fidelity Total Bond ETF 11.17% 626,806 $29.0M Add +2.5%
DFAE Dimensional Emerging Core Eq 7.83% 643,838 $20.3M Reduce -0.9%
IAU iShares Gold Trust 6.89% 245,535 $17.9M Reduce -7.0%
DUHP Dimensional US High Profi Et 6.20% 425,670 $16.1M Reduce -1.1%
DFIP Dimensional Inflation-Protec 5.85% 359,309 $15.2M Reduce -16.8%
DFAI Dimensional International Co. 5.53% 394,683 $14.3M Add +0.9%
BRK.A Berkshire Hathaway Inc. Class A 4.36% 15 $11.3M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 3.85% 33,964 $10.0M Add +12.8%
DIHP Dimensional International Hi 3.70% 316,132 $9.6M Add +4.5%
DFSD Dimensional Short Duration 3.38% 181,784 $8.8M Add +10.2%
DFUS Dimensional US Eq MKT ETF 3.30% 118,205 $8.6M Add +7.3%
IGEB iShares Investment Grade SYS 2.58% 145,364 $6.7M Add +11.8%
VUG Vanguard Mrngstar GR ETF-Sui 2.29% 12,402 $5.9M Reduce -0.2%
DFAS Dimensional US Small Cap ETF 2.05% 77,489 $5.3M Add +17.9%
CAT Caterpillar Inc. 2.03% 11,013 $5.3M Add +0.0%
FLV American Century Focused Lar 1.98% 69,740 $5.1M Add +12.5%
VIG Vanguard Dividend Apprec ETF 1.67% 20,133 $4.3M Add +4.7%
AAPL Apple Inc. 1.66% 16,951 $4.3M Reduce -6.3%
VGVT Vanguard Govt Sec Active ETF 1.59% 54,084 $4.1M New
MCD McDonald's Corp. 1.28% 10,916 $3.3M No change
XLK SS Technology Select Sector 1.26% 11,576 $3.3M No change
BRK.B Berkshire Hathaway Inc. Class B 1.00% 5,184 $2.6M No change
JPM JPMorgan Chase & Co. 0.98% 8,100 $2.6M Reduce -1.5%
JNJ Johnson & Johnson 0.65% 9,162 $1.7M Reduce -0.8%
MSFT Microsoft Corp. 0.63% 3,157 $1.6M Add +0.2%
TIP iShares Tips Bond ETF 0.63% 14,657 $1.6M No change
ECL Ecolab Inc. 0.63% 5,920 $1.6M No change
VYM Vanguard High DVD Yield ETF 0.55% 10,088 $1.4M Add +14.7%
DFSV Dimensional US Small Cap Val 0.54% 44,057 $1.4M Reduce -3.9%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.52% 32,377 $1.4M Reduce -3.6%
OEF iShares S&P 100 ETF 0.50% 3,901 $1.3M No change
VB Vanguard Most SM-Cap ETF-Usd 0.50% 5,094 $1.3M No change
GOOG Alphabet Inc. Class C 0.48% 5,060 $1.2M No change
JEPI JPMorgan Equity Premium Inco 0.46% 21,109 $1.2M Reduce -2.5%
VOO Vanguard S&P 500 ETF 0.46% 1,967 $1.2M Add +8.6%
BDX Becton Dickinson and Co. 0.46% 6,435 $1.2M No change
DHR Danaher Corp. 0.46% 6,062 $1.2M No change
COST Costco Wholesale Corp. 0.40% 1,118 $1.0M Add +0.4%
GOOGL Alphabet Inc. Class A 0.38% 4,070 $989K Reduce -3.6%
SCHD Schwab US DVD Equity ETF 0.37% 34,735 $948K New
PG The Procter & Gamble Co. 0.34% 5,783 $889K Add +0.1%
PNC PNC Financial Services Group 0.34% 4,375 $879K No change
AMLP Alerian MLP ETF 0.34% 18,524 $869K Reduce -21.5%
CVX Chevron Corp. 0.32% 5,353 $831K No change
SYY Sysco Corp. 0.30% 9,301 $766K Reduce -30.5%
DFNM Dimensional National Muni BD 0.29% 15,869 $761K Reduce -10.7%
NEE Nextera Energy Inc. 0.29% 9,903 $748K Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.28% 1,098 $732K New
VTI VG Morningstar TS MKT ETF-US 0.28% 2,206 $724K Add +15.9%
PEP Pepsico Inc. 0.27% 5,074 $713K No change
DFAT Dimensional US Target Value 0.27% 11,942 $695K No change
AMGN Amgen Inc. 0.26% 2,380 $672K No change
ORCL Oracle Corp. 0.25% 2,312 $650K Add +0.4%
LONZ PIMCO Senior Loan Active ETF 0.25% 12,697 $648K No change
TFLR T Rowe Price Floating RT ETF 0.25% 12,512 $644K No change
DFAC Dimensional US Core Equity 2 0.25% 16,675 $643K Reduce -1.2%
SLNZ TCW Senior Loan ETF 0.25% 13,635 $641K No change
RTX RTX Corp. 0.24% 3,759 $629K Add +0.5%
UDR Udr Inc. 0.23% 16,058 $598K Reduce -32.2%
AMZN Amazon.com Inc. 0.21% 2,492 $547K Reduce -5.9%
ARKK ARK Innovation ETF 0.20% 5,986 $517K New
IEFA iShares Core MSCI Eafe ETF 0.18% 5,493 $480K Reduce -6.5%
BSX Boston Scientific Corp. 0.18% 4,805 $469K Add +0.2%
QUAL iShares MSCI USA Quality Fac 0.15% 1,941 $378K Reduce -8.4%
EFA iShares MSCI Eafe ETF 0.14% 4,002 $374K No change
BITO Proshares Bitcoin ETF-Usd 0.14% 18,798 $370K New
EMB iShares JP Morgan Usd Emergi 0.14% 3,857 $367K No change
IWR iShares Russell Mid-Cap ETF 0.14% 3,779 $365K No change
CSCO Cisco Systems Inc. 0.14% 5,242 $359K No change
USHY iShares Broad Usd High Yield 0.14% 9,384 $355K No change
DFAR Dimensional US Real Est ETF 0.13% 14,016 $334K Reduce -0.4%
IUSV iShares Core S&P U.S. Value 0.12% 3,180 $318K No change
MPC Marathon Petroleum Corp. 0.12% 1,575 $304K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.12% 1,032 $303K No change
DFAU Dimensional US Core Equity M 0.11% 6,206 $284K No change
MINN Mairs & Power MN Muni Bond 0.11% 12,449 $277K No change
RSP Invesco S&P 500 Equal Weight 0.10% 1,370 $260K No change
WFC Wells Fargo & Co. 0.10% 3,003 $252K Add +0.8%
IJR iShares Core S&P Small-Cap E 0.10% 2,114 $251K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 886 $250K Add +0.8%
XOM Exxon Mobil Corp. 0.09% 2,125 $240K Reduce -6.4%
VBIL Vanguard 0-3M T-Bill ETF 0.09% 3,058 $231K New
GILD Gilead Sciences Inc. 0.09% 2,061 $229K Add +0.9%
IEMG iShares Core MSCI Emerging 0.09% 3,425 $226K No change
ABT Abbott Laboratories 0.09% 1,684 $226K No change
CARR Carrier Global Corp. 0.09% 3,740 $223K No change
DCOR Dimensional US Core Eq 1 ETF 0.09% 3,069 $221K New
VLTO Veralto Corp. 0.08% 2,019 $215K No change
CMCSA Comcast Corp. Class A 0.08% 6,842 $215K No change

Portfolio Sells Q2 2025 → Q3 2025
DFIP Dimensional Inflation-Protec Reduce -16.8% 5.85% −1.74
DUHP Dimensional US High Profi Et Reduce -1.1% 6.20% −0.24
UDR Udr Inc. Reduce -32.2% 0.23% −0.18
AMLP Alerian MLP ETF Reduce -21.5% 0.34% −0.15
SYY Sysco Corp. Reduce -30.5% 0.30% −0.13
DE Deere & Co. Sold out 0.00% −0.09
DFAE Dimensional Emerging Core Eq Reduce -0.9% 7.83% −0.08
DFNM Dimensional National Muni BD Reduce -10.7% 0.29% −0.06
JEPI JPMorgan Equity Premium Inco Reduce -2.5% 0.46% −0.05
IAU iShares Gold Trust Reduce -7.0% 6.89% −0.03
AMZN Amazon.com Inc. Reduce -5.9% 0.21% −0.03
CGDV Cap Group Dividend Value Reduce -3.6% 0.52% −0.03
DFSV Dimensional US Small Cap Val Reduce -3.9% 0.54% −0.03
IEFA iShares Core MSCI Eafe ETF Reduce -6.5% 0.18% −0.02
QUAL iShares MSCI USA Quality Fac Reduce -8.4% 0.15% −0.02
JPM JPMorgan Chase & Co. Reduce -1.5% 0.98% −0.02
XOM Exxon Mobil Corp. Reduce -6.4% 0.09% −0.01
DFAR Dimensional US Real Est ETF Reduce -0.4% 0.13% −0.01
DFAC Dimensional US Core Equity 2 Reduce -1.2% 0.25% −0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.2% 2.29% +0.00
JNJ Johnson & Johnson Reduce -0.8% 0.65% +0.06
GOOGL Alphabet Inc. Class A Reduce -3.6% 0.38% +0.07
AAPL Apple Inc. Reduce -6.3% 1.66% +0.10

Portfolio Buys Q2 2025 → Q3 2025
VGVT Vanguard Govt Sec Active ETF New 1.59% +1.59
SCHD Schwab US DVD Equity ETF New 0.37% +0.37
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +12.8% 3.85% +0.30
DFAS Dimensional US Small Cap ETF Add +17.9% 2.05% +0.28
SPY SS SPDR S&P 500 ETF Trust-US New 0.28% +0.28
CAT Caterpillar Inc. Add +0.0% 2.03% +0.23
ARKK ARK Innovation ETF New 0.20% +0.20
DFUS Dimensional US Eq MKT ETF Add +7.3% 3.30% +0.20
FLV American Century Focused Lar Add +12.5% 1.98% +0.16
BITO Proshares Bitcoin ETF-Usd New 0.14% +0.14
IGEB iShares Investment Grade SYS Add +11.8% 2.58% +0.10
VBIL Vanguard 0-3M T-Bill ETF New 0.09% +0.09
DCOR Dimensional US Core Eq 1 ETF New 0.09% +0.09
VYM Vanguard High DVD Yield ETF Add +14.7% 0.55% +0.06
DFSD Dimensional Short Duration Add +10.2% 3.38% +0.05
ORCL Oracle Corp. Add +0.4% 0.25% +0.04
VTI VG Morningstar TS MKT ETF-US Add +15.9% 0.28% +0.04
VOO Vanguard S&P 500 ETF Add +8.6% 0.46% +0.03
VIG Vanguard Dividend Apprec ETF Add +4.7% 1.67% +0.02
RTX RTX Corp. Add +0.5% 0.24% +0.01
NEE Nextera Energy Inc. Add +0.1% 0.29% −0.00
WFC Wells Fargo & Co. Add +0.8% 0.10% −0.00
GILD Gilead Sciences Inc. Add +0.9% 0.09% −0.01
IBM Intl Business Machines Corp. Add +0.8% 0.10% −0.01
MSFT Microsoft Corp. Add +0.2% 0.63% −0.03
BSX Boston Scientific Corp. Add +0.2% 0.18% −0.04
PG The Procter & Gamble Co. Add +0.1% 0.34% −0.04
DIHP Dimensional International Hi Add +4.5% 3.70% −0.04
COST Costco Wholesale Corp. Add +0.4% 0.40% −0.06
DFAI Dimensional International Co. Add +0.9% 5.53% −0.15
FBND Fidelity Total Bond ETF Add +2.5% 11.17% −0.59

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 97$347.2MDFSD, DFAE, FBND, VGSH, DFAC
Q1 2026 99$298.2MFBND, DFAE, DFSD, IAU, DFAI
Q4 2025 106$285.0MFBND, DFAE, IAU, DFAI, DUHP
Q3 2025 89$259.4MFBND, DFAE, IAU, DUHP, DFIP
Q2 2025 83$237.9MFBND, DFAE, DFIP, IAU, DUHP
Q1 2025 84$227.2MFBND, DFIP, DFAE, IAU, DUHP
Q4 2024 78$215.2MFBND, DFIP, DFAE, DUHP, IAU
Q3 2024 77$207.1MFBND, DFAE, DFIP, DUHP, IAU
Q2 2024 76$186.7MFBND, DFIP, DFAE, DUHP, IAU
Q1 2024 77$178.6MFBND, DFIP, DFAE, DUHP, BRK.A