CPA Asset Management Group, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 13, 2026), CPA Asset Management Group, LLC reported 106 stock positions worth $285.0 million. Its top holding was Fidelity Total Bond ETF (FBND) at 11.0% of the portfolio, followed by Dimensional Emerging Core Eq (DFAE, 7.7%) and iShares Gold Trust (IAU, 7.1%). Compared with Q3 2025, it opened 22 new positions, sold out of 5, added to 35 and reduced 21. The biggest buy was Vanguard Govt Sec Active ETF (VGVT, shares +193%) and the biggest sale Dimensional Inflation-Protec (DFIP, shares −54%).

Most Recent 13F
Q2 2026
Location
WEST PALM BEACH, FL
CIK
0001963967
Portfolio Value
$285.0M (Q4 2025)
SEC Filing
0001963967-26-000001 ↗ filed Jan 13, 2026

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 Q3 2025 Q4 2025: $285.0M $285.0M Q4 2025 Q1 2026: $298.2M Q1 2026 Q2 2026: $347.2M Q2 2026

Holdings 106 stocks · $285.0M
FBND Fidelity Total Bond ETF 10.99% 680,180 $31.3M Add +8.5%
DFAE Dimensional Emerging Core Eq 7.67% 670,917 $21.9M Add +4.2%
IAU iShares Gold Trust 7.09% 249,090 $20.2M Add +1.4%
DFAI Dimensional International Co. 5.77% 431,657 $16.5M Add +9.4%
DUHP Dimensional US High Profi Et 5.25% 393,179 $15.0M Reduce -7.6%
DFSD Dimensional Short Duration 4.76% 283,084 $13.6M Add +55.7%
VGVT Vanguard Govt Sec Active ETF 4.23% 158,447 $12.0M Add +193.0%
BRK.A Berkshire Hathaway Inc. Class A 3.97% 15 $11.3M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 3.78% 37,073 $10.8M Add +9.2%
DIHP Dimensional International Hi 3.41% 306,779 $9.7M Reduce -3.0%
DFUS Dimensional US Eq MKT ETF 2.87% 110,142 $8.2M Reduce -6.8%
VUG Vanguard Mrngstar GR ETF-Sui 2.59% 15,117 $7.4M Add +21.9%
FLV American Century Focused Lar 2.46% 92,566 $7.0M Add +32.7%
DFIP Dimensional Inflation-Protec 2.41% 165,469 $6.9M Reduce -54.0%
IGEB iShares Investment Grade SYS 2.40% 149,531 $6.8M Add +2.9%
CAT Caterpillar Inc. 2.22% 11,027 $6.3M Add +0.1%
DFAS Dimensional US Small Cap ETF 2.06% 84,303 $5.9M Add +8.8%
AAPL Apple Inc. 1.72% 17,979 $4.9M Add +6.1%
VIG Vanguard Dividend Apprec ETF 1.54% 19,983 $4.4M Reduce -0.8%
MCD McDonald's Corp. 1.19% 11,105 $3.4M Add +1.7%
XLK SS Technology Select Sector 1.17% 23,152 $3.3M No change
JPM JPMorgan Chase & Co. 1.06% 9,403 $3.0M Add +16.1%
BRK.B Berkshire Hathaway Inc. Class B 0.91% 5,184 $2.6M No change
MSFT Microsoft Corp. 0.79% 4,673 $2.3M Add +48.0%
DCOR Dimensional US Core Eq 1 ETF 0.76% 29,237 $2.2M Add +852.7%
JNJ Johnson & Johnson 0.61% 8,434 $1.7M Reduce -8.0%
GOOGL Alphabet Inc. Class A 0.60% 5,490 $1.7M Add +34.9%
TIP iShares Tips Bond ETF 0.57% 14,657 $1.6M No change
ECL Ecolab Inc. 0.55% 5,920 $1.6M No change
DFSV Dimensional US Small Cap Val 0.54% 47,115 $1.5M Add +6.9%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.52% 34,034 $1.5M Add +5.1%
DHR Danaher Corp. 0.52% 6,479 $1.5M Add +6.9%
VYM Vanguard High DVD Yield ETF 0.51% 10,088 $1.4M No change
OEF iShares S&P 100 ETF 0.47% 3,901 $1.3M No change
NVDA Nvidia Corp. 0.43% 6,643 $1.2M New
JEPI JPMorgan Equity Premium Inco 0.43% 21,445 $1.2M Add +1.6%
GOOG Alphabet Inc. Class C 0.43% 3,897 $1.2M Reduce -23.0%
AMZN Amazon.com Inc. 0.42% 5,127 $1.2M Add +105.7%
VB Vanguard Most SM-Cap ETF-Usd 0.37% 4,117 $1.1M Reduce -19.2%
RTX RTX Corp. 0.33% 5,188 $951K Add +38.0%
VOO Vanguard S&P 500 ETF 0.32% 1,467 $920K Reduce -25.4%
PNC PNC Financial Services Group 0.32% 4,375 $913K No change
BDX Becton Dickinson and Co. 0.30% 4,410 $856K Reduce -31.5%
SCHD Schwab US DVD Equity ETF 0.29% 30,054 $824K Reduce -13.5%
NEE Nextera Energy Inc. 0.28% 9,907 $795K Add +0.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 1,100 $750K Add +0.2%
PEP Pepsico Inc. 0.26% 5,074 $728K No change
AMLP Alerian MLP ETF 0.25% 15,424 $725K Reduce -16.7%
DFAT Dimensional US Target Value 0.25% 11,942 $711K No change
PG The Procter & Gamble Co. 0.25% 4,905 $703K Reduce -15.2%
DFAC Dimensional US Core Equity 2 0.23% 16,675 $660K No change
VTI VG Morningstar TS MKT ETF-US 0.22% 1,904 $638K Reduce -13.7%
AMGN Amgen Inc. 0.22% 1,935 $633K Reduce -18.7%
CVX Chevron Corp. 0.22% 4,058 $618K Reduce -24.2%
AXP American Express Co. 0.20% 1,572 $582K New
IDMO Invesco S&P International DE 0.20% 10,128 $563K New
COST Costco Wholesale Corp. 0.20% 647 $558K Reduce -42.1%
ORCL Oracle Corp. 0.18% 2,579 $503K Add +11.6%
IEFA iShares Core MSCI Eafe ETF 0.17% 5,493 $491K No change
WMT Walmart Inc. 0.17% 4,365 $486K New
ARKK ARK Innovation ETF 0.16% 5,986 $460K No change
BSX Boston Scientific Corp. 0.16% 4,809 $459K Add +0.1%
AVGO Broadcom Inc. 0.15% 1,255 $434K New
MS Morgan Stanley 0.15% 2,371 $421K New
CSCO Cisco Systems Inc. 0.14% 5,242 $404K No change
XOM Exxon Mobil Corp. 0.14% 3,225 $388K Add +51.8%
EFA iShares MSCI Eafe ETF 0.13% 4,002 $384K No change
UDR Udr Inc. 0.13% 10,142 $372K Reduce -36.8%
EMB iShares JP Morgan Usd Emergi 0.13% 3,857 $371K No change
IWR iShares Russell Mid-Cap ETF 0.13% 3,779 $364K No change
ABT Abbott Laboratories 0.13% 2,863 $359K Add +70.0%
HD Home Depot Inc. 0.12% 1,028 $354K New
QUAL iShares MSCI USA Quality Fac 0.12% 1,780 $354K Reduce -8.3%
USHY iShares Broad Usd High Yield 0.12% 9,384 $351K No change
DFAR Dimensional US Real Est ETF 0.12% 14,454 $331K Add +3.1%
IUSV iShares Core S&P U.S. Value 0.11% 3,180 $326K No change
MRK Merck & Co. Inc. 0.11% 3,048 $321K New
META Meta Platforms Inc. Class A 0.11% 481 $318K New
EUFN iShares MSCI Europe Financia 0.11% 8,471 $314K New
MINN Mairs & Power MN Muni Bond 0.10% 13,112 $296K Add +5.3%
CARR Carrier Global Corp. 0.10% 5,568 $294K Add +48.9%
DFAU Dimensional US Core Equity M 0.10% 6,206 $290K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.10% 1,032 $288K No change
GS Goldman Sachs Group Inc. 0.10% 327 $287K New
WFC Wells Fargo & Co. 0.10% 3,003 $280K No change
RSP Invesco S&P 500 Equal Weight 0.10% 1,452 $278K Add +6.0%
BP BP PLC-Spons ADR 0.10% 7,796 $271K New
BITO Proshares Bitcoin ETF-Usd 0.09% 21,713 $264K Add +15.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 886 $262K No change
MPC Marathon Petroleum Corp. 0.09% 1,575 $256K No change
FCX Freeport-McMoran Inc. 0.09% 4,997 $254K New
GILD Gilead Sciences Inc. 0.09% 2,061 $253K No change
ASML ASML Holding NV-NY Reg SHS 0.09% 236 $252K New
SYY Sysco Corp. 0.09% 3,400 $251K Reduce -63.4%
DUSB Dimension Ultrashort Fi ETF 0.09% 4,930 $250K New
DE Deere & Co. 0.09% 525 $244K New
DAL Delta Air Lines Inc. 0.08% 3,365 $234K New
VBIL Vanguard 0-3M T-Bill ETF 0.08% 3,058 $231K No change
TSM Taiwan Semiconductor-SP ADR 0.08% 759 $231K New
NFLX Netflix Inc. 0.08% 2,460 $231K New
IEMG iShares Core MSCI Emerging 0.08% 3,425 $230K No change
SBUX Starbucks Corp. 0.08% 2,703 $228K New
ISRG Intuitive Surgical Inc. 0.07% 365 $207K New
CMCSA Comcast Corp. Class A 0.07% 6,787 $203K Reduce -0.8%
VLTO Veralto Corp. 0.07% 2,019 $201K No change
LYG Lloyds Banking Group PLC-ADR 0.05% 24,474 $130K New

Portfolio Sells Q3 2025 → Q4 2025
DFIP Dimensional Inflation-Protec Reduce -54.0% 2.41% −3.44
DUHP Dimensional US High Profi Et Reduce -7.6% 5.25% −0.95
DFUS Dimensional US Eq MKT ETF Reduce -6.8% 2.87% −0.43
DIHP Dimensional International Hi Reduce -3.0% 3.41% −0.30
DFNM Dimensional National Muni BD Sold out 0.00% −0.29
LONZ PIMCO Senior Loan Active ETF Sold out 0.00% −0.25
TFLR T Rowe Price Floating RT ETF Sold out 0.00% −0.25
SLNZ TCW Senior Loan ETF Sold out 0.00% −0.25
SYY Sysco Corp. Reduce -63.4% 0.09% −0.21
COST Costco Wholesale Corp. Reduce -42.1% 0.20% −0.20
BDX Becton Dickinson and Co. Reduce -31.5% 0.30% −0.16
VOO Vanguard S&P 500 ETF Reduce -25.4% 0.32% −0.14
VIG Vanguard Dividend Apprec ETF Reduce -0.8% 1.54% −0.13
VB Vanguard Most SM-Cap ETF-Usd Reduce -19.2% 0.37% −0.13
CVX Chevron Corp. Reduce -24.2% 0.22% −0.10
UDR Udr Inc. Reduce -36.8% 0.13% −0.10
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.10
PG The Procter & Gamble Co. Reduce -15.2% 0.25% −0.10
AMLP Alerian MLP ETF Reduce -16.7% 0.25% −0.08
SCHD Schwab US DVD Equity ETF Reduce -13.5% 0.29% −0.08
VTI VG Morningstar TS MKT ETF-US Reduce -13.7% 0.22% −0.06
GOOG Alphabet Inc. Class C Reduce -23.0% 0.43% −0.05
JNJ Johnson & Johnson Reduce -8.0% 0.61% −0.04
AMGN Amgen Inc. Reduce -18.7% 0.22% −0.04
QUAL iShares MSCI USA Quality Fac Reduce -8.3% 0.12% −0.02
CMCSA Comcast Corp. Class A Reduce -0.8% 0.07% −0.01

Portfolio Buys Q3 2025 → Q4 2025
VGVT Vanguard Govt Sec Active ETF Add +193.0% 4.23% +2.64
DFSD Dimensional Short Duration Add +55.7% 4.76% +1.39
DCOR Dimensional US Core Eq 1 ETF Add +852.7% 0.76% +0.67
FLV American Century Focused Lar Add +32.7% 2.46% +0.48
NVDA Nvidia Corp. New 0.43% +0.43
VUG Vanguard Mrngstar GR ETF-Sui Add +21.9% 2.59% +0.29
DFAI Dimensional International Co. Add +9.4% 5.77% +0.24
GOOGL Alphabet Inc. Class A Add +34.9% 0.60% +0.22
IAU iShares Gold Trust Add +1.4% 7.09% +0.21
AMZN Amazon.com Inc. Add +105.7% 0.42% +0.20
AXP American Express Co. New 0.20% +0.20
IDMO Invesco S&P International DE New 0.20% +0.20
CAT Caterpillar Inc. Add +0.1% 2.22% +0.19
WMT Walmart Inc. New 0.17% +0.17
MSFT Microsoft Corp. Add +48.0% 0.79% +0.16
AVGO Broadcom Inc. New 0.15% +0.15
MS Morgan Stanley New 0.15% +0.15
HD Home Depot Inc. New 0.12% +0.12
MRK Merck & Co. Inc. New 0.11% +0.11
META Meta Platforms Inc. Class A New 0.11% +0.11
EUFN iShares MSCI Europe Financia New 0.11% +0.11
GS Goldman Sachs Group Inc. New 0.10% +0.10
BP BP PLC-Spons ADR New 0.10% +0.10
RTX RTX Corp. Add +38.0% 0.33% +0.09
FCX Freeport-McMoran Inc. New 0.09% +0.09
ASML ASML Holding NV-NY Reg SHS New 0.09% +0.09
DUSB Dimension Ultrashort Fi ETF New 0.09% +0.09
DE Deere & Co. New 0.09% +0.09
DAL Delta Air Lines Inc. New 0.08% +0.08
NFLX Netflix Inc. New 0.08% +0.08
TSM Taiwan Semiconductor-SP ADR New 0.08% +0.08
SBUX Starbucks Corp. New 0.08% +0.08
JPM JPMorgan Chase & Co. Add +16.1% 1.06% +0.08
ISRG Intuitive Surgical Inc. New 0.07% +0.07
DHR Danaher Corp. Add +6.9% 0.52% +0.06
AAPL Apple Inc. Add +6.1% 1.72% +0.05
LYG Lloyds Banking Group PLC-ADR New 0.05% +0.05
XOM Exxon Mobil Corp. Add +51.8% 0.14% +0.04
ABT Abbott Laboratories Add +70.0% 0.13% +0.04
CARR Carrier Global Corp. Add +48.9% 0.10% +0.02
DFAS Dimensional US Small Cap ETF Add +8.8% 2.06% +0.02
DFSV Dimensional US Small Cap Val Add +6.9% 0.54% +0.00
RSP Invesco S&P 500 Equal Weight Add +6.0% 0.10% −0.00
MINN Mairs & Power MN Muni Bond Add +5.3% 0.10% −0.00
CGDV Cap Group Dividend Value Add +5.1% 0.52% −0.00
NEE Nextera Energy Inc. Add +0.0% 0.28% −0.01
DFAR Dimensional US Real Est ETF Add +3.1% 0.12% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 0.26% −0.02
BSX Boston Scientific Corp. Add +0.1% 0.16% −0.02
JEPI JPMorgan Equity Premium Inco Add +1.6% 0.43% −0.03

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