Crescent Grove Advisors, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Crescent Grove Advisors, LLC reported 289 stock positions worth $1.0 billion. Its top holding was Zurn Elkay Water Solutions C (ZWS) at 11.0% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 6.5%) and Vanguard S&P 500 ETF (VOO, 4.9%). Compared with Q2 2025, it opened 22 new positions, sold out of 18, added to 89 and reduced 80. The biggest buy was a new position in Isha Curr Hedged MSCI Eafe (HEFA) and the biggest sale an exit from Dun & Bradstreet (DNB).

Most Recent 13F
Q2 2026
Location
LAKE FOREST, IL
CIK
0001713520
Portfolio Value
$1.0B (Q3 2025)
SEC Filing
0000892712-25-000151 ↗ filed Nov 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $958.9M Q1 2024 Q2 2024: $912.5M Q2 2024 Q3 2024: $980.0M Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $959.5M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.0B $1.0B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 289 stocks · $1.0B
ZWS Zurn Elkay Water Solutions C 10.97% 2,435,447 $114.5M No change
IVV iShares Core S&P 500 ETF 6.54% 101,993 $68.3M Reduce -1.2%
VOO Vanguard S&P 500 ETF 4.91% 83,407 $51.2M Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 3.76% 58,791 $39.3M Reduce -0.3%
VTI VG Morningstar TS MKT ETF-US 2.75% 87,146 $28.7M Reduce -1.3%
ICE Intercontinental Exchange Inc. 2.46% 152,500 $25.7M Reduce -0.0%
CDW CDW Corp. 2.45% 160,710 $25.6M Reduce -0.0%
IEMG iShares Core MSCI Emerging 2.22% 352,057 $23.2M Add +1.8%
QQQ Invesco QQQ Trust Series 1 2.14% 37,195 $22.4M Reduce -0.2%
IJR iShares Core S&P Small-Cap E 2.00% 175,278 $20.8M Reduce -3.6%
AAPL Apple Inc. 1.92% 78,630 $20.0M Add +0.6%
SHV iShares 0-1 Year Treasury Bo 1.88% 177,877 $19.7M Reduce -2.6%
IWF iShares Russell 1000 Growth 1.88% 41,913 $19.6M Reduce -1.0%
IJH iShares Core S&P Midcap ETF 1.87% 299,199 $19.5M Add +1.4%
FNF Fidelity National Financial 1.77% 305,027 $18.5M Add +0.1%
IEFA iShares Core MSCI Eafe ETF 1.71% 204,021 $17.8M Add +1.4%
NATL NCR Atleos Corp. 1.70% 451,094 $17.7M Reduce -17.9%
IUSV iShares Core S&P U.S. Value 1.57% 163,671 $16.4M Add +2.2%
UYLD Angel Oak Ultrashort Income 1.53% 310,923 $16.0M Reduce -15.2%
SGOV iShares 0-3 Month Treasury B 1.32% 136,989 $13.8M Reduce -8.0%
ITOT iShares Core S&P Total U.S. 1.26% 90,621 $13.2M Reduce -0.4%
CARY Angel Oak Income ETF 1.09% 540,271 $11.4M Add +3.6%
FIS Fidelity National Info Serv 1.07% 169,967 $11.2M Reduce -3.8%
VYM Vanguard High DVD Yield ETF 1.07% 79,345 $11.2M Add +1.1%
BIL SS SPDR BB 1-3M T-Bill ETF 0.99% 112,137 $10.3M Add +134.4%
XLE SS Energy Select Sector 0.96% 111,997 $10.0M Reduce -1.7%
XLF SS Financial Select Sector 0.96% 185,433 $10.0M Add +0.0%
IWP iShares Russell Mid-Cap Grow 0.84% 61,323 $8.7M Reduce -0.1%
VYX NCR Voyix Corp. 0.75% 621,432 $7.8M Reduce -25.9%
ARLP Alliance Resource Partners 0.70% 288,866 $7.3M Add +11.1%
XBI SS SPDR S&P Biotech ETF 0.67% 70,030 $7.0M Reduce -12.1%
IAU iShares Gold Trust 0.66% 94,440 $6.9M Add +1.2%
MSFT Microsoft Corp. 0.65% 13,092 $6.8M Reduce -3.4%
XLG Invesco S&P 500 Top 50 ETF 0.65% 117,638 $6.8M No change
NVDA Nvidia Corp. 0.64% 35,631 $6.6M Reduce -0.7%
ARKW ARK Next Generation Technolo 0.62% 36,906 $6.4M No change
ET Energy Transfer LP 0.62% 375,474 $6.4M Add +18.5%
VEA Vanguard Ftse Developed ETF 0.61% 106,391 $6.4M Reduce -0.4%
HEFA Isha Curr Hedged MSCI Eafe 0.60% 157,916 $6.3M New
CARR Carrier Global Corp. 0.60% 104,643 $6.2M No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.59% 139,972 $6.2M Add +0.1%
IWD iShares Russell 1000 Value E 0.59% 30,044 $6.1M Reduce -4.6%
IJS iShares S&P Small-Cap 600 Va 0.56% 52,779 $5.8M Add +12.8%
IWM iShares Russell 2000 ETF 0.54% 23,440 $5.7M Add +7.0%
EPD Enterprise Products Partners 0.51% 171,894 $5.4M Add +6.5%
IXUS iShares Core Intl Stock ETF 0.50% 63,175 $5.2M Add +8.8%
MPLX MPLX LP 0.50% 104,304 $5.2M Add +18.4%
IGSB iShares 1-5Y Inv Grade Corp. 0.49% 95,537 $5.1M Add +3.6%
EFA iShares MSCI Eafe ETF 0.48% 53,275 $5.0M Reduce -0.2%
IWO iShares Russell 2000 Growth 0.44% 14,302 $4.6M Reduce -1.7%
XLI SS Industrial Select Sector 0.44% 29,589 $4.6M Add +2.7%
GLD SPDR Gold Shares 0.43% 12,544 $4.5M Add +39.5%
BRK.B Berkshire Hathaway Inc. Class B 0.43% 8,851 $4.4M Add +11.7%
IBB iShares Biotechnology ETF 0.42% 30,545 $4.4M Reduce -3.6%
AMZN Amazon.com Inc. 0.42% 20,068 $4.4M Add +5.2%
SHY iShares 1-3 Year Treasury Bo 0.42% 53,103 $4.4M Reduce -42.9%
VXUS Vanguard Total Intl Stock 0.41% 58,452 $4.3M Add +20.3%
DVYE iShares Emerging Markets Div 0.39% 137,994 $4.1M Add +5.1%
GSL Global Ship Lease Inc. Class A 0.39% 132,871 $4.1M Add +7.4%
TSLA Tesla Inc. 0.37% 8,778 $3.9M Reduce -1.1%
QUAL iShares MSCI USA Quality Fac 0.37% 19,712 $3.8M Reduce -8.8%
EMXC iShares MSCI Emr MRK Ex Chna 0.35% 54,063 $3.6M Add +13.9%
CNNE Cannae Holdings Inc. 0.34% 192,146 $3.5M Reduce -41.0%
IDV iShares International Select 0.31% 89,172 $3.3M Add +11.1%
ASB Associated Banc-Corp. 0.28% 115,371 $3.0M No change
ARKK ARK Innovation ETF 0.28% 33,909 $2.9M Add +0.1%
JPM JPMorgan Chase & Co. 0.28% 9,275 $2.9M Reduce -2.0%
GNR State Street SPDR S&P Global 0.28% 48,813 $2.9M Add +4.3%
DVY iShares Select Dividend ETF 0.27% 19,813 $2.8M Add +1.6%
CIBR First Trust Nasdaq Cybersecu 0.24% 33,554 $2.6M Reduce -2.0%
SHW The Sherwin-Williams Co. 0.24% 7,198 $2.5M No change
VZ Verizon Communications Inc. 0.24% 56,135 $2.5M Reduce -14.2%
GDX Vaneck Gold Miners ETF 0.23% 31,037 $2.4M Add +76.7%
PAA Plains All Amer Pipeline LP 0.23% 138,660 $2.4M Reduce -37.1%
MAN Manpowergroup Inc. 0.21% 59,115 $2.2M Add +10.7%
QQQM Invesco Nasdaq 100 ETF 0.20% 8,582 $2.1M Reduce -2.8%
SPMD SS SPDR P S&P 400 Midcap ETF 0.20% 36,057 $2.1M Reduce -2.8%
PG The Procter & Gamble Co. 0.20% 13,307 $2.0M Reduce -0.2%
VWO Vanguard Ftse Emerging Marke 0.19% 37,510 $2.0M Reduce -0.5%
BX Blackstone Inc. 0.19% 11,654 $2.0M Reduce -0.2%
IWR iShares Russell Mid-Cap ETF 0.19% 20,424 $2.0M Reduce -0.1%
GOOGL Alphabet Inc. Class A 0.18% 7,910 $1.9M Add +35.9%
VIG Vanguard Dividend Apprec ETF 0.18% 8,680 $1.9M Reduce -33.2%
IGM iShares Expanded Tech Sector 0.17% 14,340 $1.8M No change
DTH Wisdomtree International Hig 0.17% 36,426 $1.8M No change
SPSM SS SPDR P S&P 600 Small Cap 0.17% 38,021 $1.8M Add +0.0%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.17% 4,335 $1.7M No change
IHAK iShares Cybersecurity & Tech 0.17% 33,311 $1.7M Add +3.6%
BANC Banc of California Inc. 0.16% 101,140 $1.7M Add +0.7%
NEM Newmont Corp. 0.15% 19,052 $1.6M Add +287.0%
IJJ iShares S&P Mid-Cap 400 Valu 0.15% 11,694 $1.5M No change
IWV iShares Russell 3000 ETF 0.14% 3,968 $1.5M Reduce -1.4%
PAAS Pan American Silver Corp. 0.14% 38,681 $1.5M Add +295.6%
ARKQ ARK Autonomous Tech & Robot 0.14% 13,088 $1.5M No change
XLP SS Consumer Staples Sel Sect 0.14% 18,629 $1.5M No change
IBDR iShares Ibonds Dec 2026 Term 0.14% 58,245 $1.4M Reduce -4.2%
IXJ iShares Global Healthcare Et 0.14% 15,940 $1.4M No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.13% 13,255 $1.4M No change
EEM iShares MSCI Emerging Market 0.13% 25,487 $1.4M No change
XOM Exxon Mobil Corp. 0.13% 11,855 $1.3M Add +0.9%
KXI iShares Global Consumer Stap 0.13% 20,700 $1.3M No change
SLV iShares Silver Trust 0.13% 31,087 $1.3M New
IEF iShares 7-10 Year Treasury B 0.13% 13,646 $1.3M No change
IVE iShares S&P 500 Value ETF 0.13% 6,330 $1.3M No change
ITA iShares U.S. Aerospace & Def 0.12% 6,208 $1.3M Add +5.2%
SPHD Invesco S&P 500 High Dividen 0.12% 25,703 $1.3M Add +5.9%
GOOG Alphabet Inc. Class C 0.12% 5,193 $1.3M Reduce -1.7%
XT Ishar Fture Exp Tech ETF-Usd 0.12% 17,407 $1.3M Reduce -0.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.11% 6,149 $1.2M No change
TXT Textron Inc. 0.11% 13,626 $1.2M No change
ABBV Abbvie Inc. 0.11% 4,889 $1.1M Reduce -10.6%
IVW iShares S&P 500 Growth ETF 0.11% 9,291 $1.1M No change
NTRS Northern Trust Corp. 0.10% 8,028 $1.1M No change
LNTH Lantheus Holdings Inc. 0.10% 21,073 $1.1M No change
META Meta Platforms Inc. Class A 0.10% 1,472 $1.1M Add +1.9%
FG F&G Annuities & Life Inc. 0.10% 34,339 $1.1M Add +2.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.10% 2,130 $1.0M No change
ARKG ARK Genomic Revolution ETF 0.10% 36,538 $1.0M Reduce -0.2%
IWN iShares Russell 2000 Value E 0.10% 5,698 $1.0M No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.09% 7,056 $977K No change
HACK Amplify Cybersecurity ETF 0.09% 11,252 $977K No change
TECL Dire Dai Tec Bull 3X ETF-Usd 0.09% 7,843 $975K No change
ETN Eaton Corp. PLC 0.09% 2,435 $911K Add +4.6%
AEM Agnico Eagle Mines Ltd. 0.09% 5,390 $909K Add +126.1%
SIL Global X Silver Miners ETF 0.09% 12,514 $896K New
SPHQ Invesco S&P 500 Quality ETF 0.08% 12,035 $882K No change
EXAS Exact Sciences Corp. 0.08% 16,005 $876K Add +18.5%
RSP Invesco S&P 500 Equal Weight 0.08% 4,558 $865K No change
AMD Advanced Micro Devices 0.08% 5,327 $862K Reduce -5.3%
KSS Kohls Corp. 0.08% 55,200 $848K No change
PM Philip Morris International 0.08% 5,132 $832K Add +0.0%
RNMN Rivernorth MRKT Neutral ETF 0.08% 29,131 $829K No change
IWS iShares Russell Mid-Cap Valu 0.08% 5,814 $812K No change
GSLC Goldman Activebeta US LC ETF 0.08% 6,179 $805K No change
GE General Electric filed as GE AEROSPACE 0.08% 2,657 $800K Add +1.9%
MRK Merck & Co. Inc. 0.08% 9,456 $800K Add +13.9%
SCHG Schwab US Large-Cap Growth 0.08% 24,991 $797K Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 2,814 $794K No change
ISCG iShares Morningstar Small-Ca 0.07% 14,337 $779K No change
BUSE First Busey Corp. 0.07% 33,264 $770K No change
IJK iShares S&P Mid-Cap 400 Grow 0.07% 7,916 $759K No change
BRK.A Berkshire Hathaway Inc. Class A 0.07% 1 $754K No change
IGF iShares Global Infrastructur 0.07% 12,200 $746K No change
GS Goldman Sachs Group Inc. 0.07% 908 $723K Add +0.8%
GEV GE Vernova Inc. 0.07% 1,128 $694K Add +15.8%
WEAV Weave Communications Inc. 0.07% 103,101 $689K No change
CEG Constellation Energy 0.06% 2,055 $676K Add +177.3%
BKNG Booking Holdings Inc. 0.06% 123 $664K No change
BA The Boeing Co. 0.06% 3,047 $658K Add +55.4%
CVX Chevron Corp. 0.06% 4,158 $646K Add +39.0%
COST Costco Wholesale Corp. 0.06% 686 $635K Reduce -17.9%
JNJ Johnson & Johnson 0.06% 3,423 $635K Reduce -1.0%
DFAI Dimensional International Co. 0.06% 17,355 $631K No change
MU Micron Technology Inc. 0.06% 3,710 $621K Add +0.1%
ABT Abbott Laboratories 0.06% 4,552 $610K Reduce -0.5%
PSFE Paysafe Ltd. 0.06% 45,113 $583K No change
EUSA iShares MSCI USA Equal Weigh 0.06% 5,635 $580K Add +39.4%
UPS United Parcel Service Class B 0.06% 6,918 $578K No change
SCHW Schwab (charles) Corp. 0.05% 5,920 $565K Reduce -4.0%
BCD Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.05% 16,371 $563K No change
DKNG Draftkings Inc. Class A 0.05% 15,022 $562K No change
HDEF Xtrackers MSCI Eafe High Div 0.05% 18,968 $558K No change
BLK BlackRock Inc. 0.05% 475 $554K No change
AGG iShares Core U.S. Aggregate 0.05% 5,424 $544K Add +75.5%
VGK Vanguard Ftse Europe ETF 0.05% 6,518 $520K No change
JNK SS SPDR BB High Yield Bond 0.05% 5,308 $520K No change
IWB iShares Russell 1000 ETF 0.05% 1,387 $507K Add +39.5%
WMT Walmart Inc. 0.05% 4,876 $503K Add +38.7%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.05% 3,839 $500K No change
PFE Pfizer Inc. 0.05% 19,344 $493K New
MDYV SS SPDR S&P 400 MC Val ETF 0.05% 5,864 $489K No change
CVS CVS Health Corp. 0.05% 6,471 $488K Add +2.6%
HD Home Depot Inc. 0.05% 1,200 $486K Add +0.6%
VXF Vanguard Extended Market ETF 0.05% 2,308 $483K No change
NAD Nuveen Quality Municipal Inc. 0.05% 40,295 $474K Reduce -36.6%
NOBL Proshares S&P 500 Dividend A 0.05% 4,574 $471K No change
V Visa Inc. Class A 0.04% 1,360 $464K Reduce -1.7%
TLN Talen Energy Corp. 0.04% 1,073 $456K Add +39.0%
ACWX iShares MSCI Acwi Ex US ETF 0.04% 6,957 $452K Add +4.2%
IYW iShares Ustechnology ETF 0.04% 2,272 $445K Reduce -19.4%
MYI BlackRock Muniyield QLTY III 0.04% 39,865 $444K Reduce -36.8%
TSM Taiwan Semiconductor-SP ADR 0.04% 1,579 $442K Add +19.4%
OBIL F/M US Treasury 12 Month Bil 0.04% 8,745 $440K New
UNH Unitedhealth Group Inc. 0.04% 1,262 $436K No change
PRNT The 3D Printing ETF 0.04% 18,588 $432K No change
SCHD Schwab US DVD Equity ETF 0.04% 15,816 $432K Add +43.5%
ROK Rockwell Automation Inc. 0.04% 1,209 $423K Add +47.1%
KRE SS SPDR S&P Regional Bank 0.04% 6,659 $422K No change
NXPI NXP Semiconductors NV 0.04% 1,838 $420K No change
VST Vistra Corp. 0.04% 2,135 $418K Add +36.5%
KO The Coca-Cola Co. 0.04% 6,216 $415K Reduce -11.4%
FDVV Fidelity High Dividend ETF 0.04% 7,367 $410K No change
ACN Accenture PLC Class A 0.04% 1,649 $407K Add +42.6%
CTAS Cintas Corp. 0.04% 1,976 $406K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.04% 4,646 $405K Add +0.2%
TDG Transdigm Group Inc. 0.04% 306 $403K Add +1.3%
IUSG iShares Core S&P U.S. Growth 0.04% 2,444 $402K Reduce -7.3%
MAS Masco Corp. 0.04% 5,700 $401K Reduce -7.6%
VB Vanguard Most SM-Cap ETF-Usd 0.04% 1,532 $391K Reduce -22.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 1,260 $389K No change
MFC Manulife Financial Corp. 0.04% 12,308 $383K Add +0.8%
MMM 3M Co. 0.04% 2,451 $380K No change
QUAD Quad Graphics Inc. 0.04% 60,490 $379K No change
IJT iShares S&P Small-Cap 600 GR 0.04% 2,669 $378K No change
UL Unilever PLC 0.04% 6,233 $369K Add +0.1%
EFV iShares MSCI Eafe Value ETF 0.03% 5,262 $357K No change
EDIV State Street SPDR S&P Emergi 0.03% 9,127 $355K No change
IBIT iShares Bitcoin Trust ETF 0.03% 5,425 $353K Reduce -39.8%
SCZ iShares MSCI Eafe Small-Cap 0.03% 4,578 $351K Add +3.6%
IP International Paper Co. 0.03% 7,500 $348K Reduce -3.2%
CMC Commercial Metals Co. 0.03% 5,990 $343K No change
ILTB iShares Core 10+ Year Usd Bo 0.03% 6,765 $342K Reduce -8.1%
AAXJ iShares MSCI All Country Asi 0.03% 3,690 $337K No change
ARKF ARK Blockchain & Fintech Inn 0.03% 5,870 $333K Reduce -1.5%
ALL Allstate Corp. 0.03% 1,544 $333K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.03% 1,117 $333K No change
ACGL Arch Capital Group Ltd. 0.03% 3,590 $326K Reduce -3.0%
IHF iShares U.S. Healthcare Prov 0.03% 6,591 $326K Add +19.2%
JEPI JPMorgan Equity Premium Inco 0.03% 5,614 $321K Reduce -90.8%
BMNR Bitmine Immersion Technologi 0.03% 6,135 $319K New
MELI MercadoLibre Inc. 0.03% 134 $313K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,162 $312K No change
IWC iShares Micro-Cap ETF 0.03% 2,090 $312K No change
NFLX Netflix Inc. 0.03% 258 $309K Reduce -4.4%
SCHB Schwab US Broad Market ETF 0.03% 12,000 $309K No change
LNG Cheniere Energy Inc. 0.03% 1,300 $305K Add +21.2%
CRM Salesforce Inc. 0.03% 1,286 $305K Add +62.0%
EQT Eqt Corp. 0.03% 5,563 $303K Add +18.7%
VRT Vertiv Holdings Co. Class A 0.03% 2,006 $303K New
SHEL Shell PLC-ADR 0.03% 4,164 $298K Reduce -27.3%
MCD McDonald's Corp. 0.03% 968 $294K Reduce -1.1%
SCHA Schwab US Small-Cap ETF 0.03% 10,540 $294K No change
ROP Roper Technologies Inc. 0.03% 579 $289K Add +0.7%
REMX Vaneck Rar Earth ND STG-Usdi 0.03% 4,380 $288K New
CMCSA Comcast Corp. Class A 0.03% 9,119 $287K Add +0.0%
TRGP Targa Resources Corp. 0.03% 1,690 $283K New
AVGO Broadcom Inc. 0.03% 857 $283K Reduce -31.5%
XLB SS Materials Select Sector 0.03% 3,152 $282K No change
OKLO Oklo Inc. 0.03% 2,514 $281K Reduce -58.0%
IGRO iShares Intl Div Growth ETF 0.03% 3,516 $280K No change
AMGN Amgen Inc. 0.03% 988 $279K Add +24.0%
PFF iShares Preferred & Income S 0.03% 8,790 $278K Add +16.8%
T AT&T Inc. 0.03% 9,839 $278K Reduce -3.5%
GRPM Invesco S&P Midcap 400 Garp 0.03% 2,300 $277K No change
ADSK Autodesk Inc. 0.03% 870 $276K Reduce -1.8%
INTC Intel Corp. 0.03% 8,120 $272K New
CMI Cummins Inc. 0.03% 644 $272K No change
XLRE SS Real Estate Select Sector 0.03% 6,442 $271K No change
UBER Uber Technologies Inc. 0.03% 2,733 $268K Reduce -9.3%
XTNT Xtant Medical Holdings Inc. 0.03% 412,024 $267K No change
KBE SS SPDR S&P Bank ETF 0.03% 4,463 $265K No change
BAM Brookfield Asset Mgmt-A 0.03% 4,600 $262K Add +16.3%
XLK SS Technology Select Sector 0.03% 928 $262K No change
COIN Coinbase Global Inc. Class A 0.03% 774 $261K Reduce -0.4%
XAR SS SPDR S&P Aerospace Def 0.03% 1,109 $261K Add +0.2%
APAM Artisan Partners Asset Ma -A 0.02% 6,000 $260K No change
CRWD CrowdStrike Holdings Inc. Class A 0.02% 527 $258K Reduce -9.1%
BE Bloom Energy Corp. Class A 0.02% 3,050 $258K New
VIGI Vanguard Int Div App Indx FD 0.02% 2,850 $255K No change
CSCO Cisco Systems Inc. 0.02% 3,689 $252K Add +11.6%
OEF iShares S&P 100 ETF 0.02% 734 $244K No change
ISVL iShares International Develo 0.02% 5,128 $232K New
DFIN Donnelley Financial Solution 0.02% 4,501 $231K No change
FBTC Fidelity Wise Origin Bitcoin 0.02% 2,300 $230K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.02% 2,929 $229K No change
FNDE Schwab Fndmntl Em MRK Eq ETF 0.02% 6,245 $226K No change
CTRA Coterra Energy Inc. 0.02% 9,452 $224K New
VOE Vngrd Mrngstr MD-Cap Val ETF 0.02% 1,266 $222K Add +0.2%
EOG EOG Resources Inc. 0.02% 1,960 $220K New
VMC Vulcan Materials Co. 0.02% 713 $219K New
SDY SS SPDR S&P Dividend ETF 0.02% 1,537 $215K Reduce -22.1%
SILJ Amplify Junior Silver Miners 0.02% 9,294 $215K New
IYG iShares U.S. Financial Servi 0.02% 2,379 $213K No change
VIS Vanguard Industrials ETF 0.02% 717 $212K No change
GDXJ Vaneck Junior Gold Miners 0.02% 2,144 $212K New
BP BP PLC-Spons ADR 0.02% 6,144 $212K New
XLV SS Health Care Select Sector 0.02% 1,515 $211K Reduce -4.8%
AA Alcoa Corp. 0.02% 6,298 $207K New
IDXX Idexx Laboratories Inc. 0.02% 321 $205K New
SUN Sunoco LP 0.02% 4,040 $202K Reduce -90.7%
HON Honeywell International Inc. 0.02% 958 $202K New
RIO Rio Tinto PLC-Spon ADR 0.02% 3,032 $200K Reduce -47.9%
CCLD Carecloud Inc. 0.02% 60,000 $193K No change
NWL Newell Brands Inc. 0.02% 30,415 $159K Reduce -20.8%
BTZ BlackRock Credit Allocation 0.01% 13,500 $149K No change
WU Western Union Co. 0.01% 10,745 $86K New
ALIT Alight Inc. Class A 0.01% 19,800 $65K No change
NDLS Noodles & Co. 0.00% 35,085 $22K No change
IMUX Immunic Inc. 0.00% 10,000 $9K No change

Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($9.5M), SPDR SERIES TRUST calls ($200K).

Other holdings (2): bonds, preferreds, convertibles and warrants · $272K (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 212$271KNo change
PSEWF Paysafe Ltd. -CW26 *W EXP 03/30/202 33,333$617No change

Total filed on the 13F, all lines: $1.0B.

Portfolio Sells Q2 2025 → Q3 2025
DNB Dun & Bradstreet Holdings Inc. Sold out 0.00% −5.82
CDW CDW Corp. Reduce -0.0% 2.45% −0.33
SHY iShares 1-3 Year Treasury Bo Reduce -42.9% 0.42% −0.33
CNNE Cannae Holdings Inc. Reduce -41.0% 0.34% −0.32
FIS Fidelity National Info Serv Reduce -3.8% 1.07% −0.32
JEPI JPMorgan Equity Premium Inco Reduce -90.8% 0.03% −0.31
JEPQ JPM Nasdaq Equity Premium Sold out 0.00% −0.29
UYLD Angel Oak Ultrashort Income Reduce -15.2% 1.53% −0.28
ICE Intercontinental Exchange Inc. Reduce -0.0% 2.46% −0.25
SUN Sunoco LP Reduce -90.7% 0.02% −0.21
VYX NCR Voyix Corp. Reduce -25.9% 0.75% −0.21
PAA Plains All Amer Pipeline LP Reduce -37.1% 0.23% −0.17
SGOV iShares 0-3 Month Treasury B Reduce -8.0% 1.32% −0.13
VIG Vanguard Dividend Apprec ETF Reduce -33.2% 0.18% −0.08
SHV iShares 0-1 Year Treasury Bo Reduce -2.6% 1.88% −0.07
VZ Verizon Communications Inc. Reduce -14.2% 0.24% −0.04
OCSL Oaktree Specialty Lending Co. Sold out 0.00% −0.03
FIDELITY NATL INFORMATION SV Sold out 0.00% −0.03
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.03
DKS Dick's Sporting Goods Inc. Sold out 0.00% −0.03
NAD Nuveen Quality Municipal Inc. Reduce -36.6% 0.05% −0.02
FNDX Schwab Fndmntl US LRG Co. ETF Sold out 0.00% −0.02
LLY Eli Lilly & Co. Sold out 0.00% −0.02
MYI BlackRock Muniyield QLTY III Reduce -36.8% 0.04% −0.02
MUB iShares National Muni Bond E Sold out 0.00% −0.02
SBAC SBA Communications Corp. Sold out 0.00% −0.02
OKE Oneok Inc. Sold out 0.00% −0.02
DXCM Dexcom Inc. Sold out 0.00% −0.02
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.02
VEU Vanguard Ftse All-World Ex-U Sold out 0.00% −0.02
IBIT iShares Bitcoin Trust ETF Reduce -39.8% 0.03% −0.02
EMR Emerson Electric Co. Sold out 0.00% −0.02
COST Costco Wholesale Corp. Reduce -17.9% 0.06% −0.02
VALE Vale SA-SP ADR Sold out 0.00% −0.02
QUAL iShares MSCI USA Quality Fac Reduce -8.8% 0.37% −0.02
RIO Rio Tinto PLC-Spon ADR Reduce -47.9% 0.02% −0.01
SHEL Shell PLC-ADR Reduce -27.3% 0.03% −0.01
PG The Procter & Gamble Co. Reduce -0.2% 0.20% −0.01
KO The Coca-Cola Co. Reduce -11.4% 0.04% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -22.6% 0.04% −0.01
IBDR iShares Ibonds Dec 2026 Term Reduce -4.2% 0.14% −0.01
IWD iShares Russell 1000 Value E Reduce -4.6% 0.59% −0.01
CIBR First Trust Nasdaq Cybersecu Reduce -2.0% 0.24% −0.01
AVGO Broadcom Inc. Reduce -31.5% 0.03% −0.01
OKLO Oklo Inc. Reduce -58.0% 0.03% −0.01
NFLX Netflix Inc. Reduce -4.4% 0.03% −0.01
SDY SS SPDR S&P Dividend ETF Reduce -22.1% 0.02% −0.01
NWL Newell Brands Inc. Reduce -20.8% 0.02% −0.00
IYW iShares Ustechnology ETF Reduce -19.4% 0.04% −0.00
MSFT Microsoft Corp. Reduce -3.4% 0.65% −0.00

Portfolio Buys Q2 2025 → Q3 2025
HEFA Isha Curr Hedged MSCI Eafe New 0.60% +0.60
BIL SS SPDR BB 1-3M T-Bill ETF Add +134.4% 0.99% +0.56
AAPL Apple Inc. Add +0.6% 1.92% +0.36
VOO Vanguard S&P 500 ETF Add +0.1% 4.91% +0.31
IEMG iShares Core MSCI Emerging Add +1.8% 2.22% +0.21
GLD SPDR Gold Shares Add +39.5% 0.43% +0.16
GDX Vaneck Gold Miners ETF Add +76.7% 0.23% +0.14
SLV iShares Silver Trust New 0.13% +0.13
NEM Newmont Corp. Add +287.0% 0.15% +0.13
PAAS Pan American Silver Corp. Add +295.6% 0.14% +0.12
FNF Fidelity National Financial Add +0.1% 1.77% +0.11
IJS iShares S&P Small-Cap 600 Va Add +12.8% 0.56% +0.11
IUSV iShares Core S&P U.S. Value Add +2.2% 1.57% +0.10
IJH iShares Core S&P Midcap ETF Add +1.4% 1.87% +0.10
IAU iShares Gold Trust Add +1.2% 0.66% +0.09
VXUS Vanguard Total Intl Stock Add +20.3% 0.41% +0.09
SIL Global X Silver Miners ETF New 0.09% +0.09
IWM iShares Russell 2000 ETF Add +7.0% 0.54% +0.09
GOOGL Alphabet Inc. Class A Add +35.9% 0.18% +0.08
IEFA iShares Core MSCI Eafe ETF Add +1.4% 1.71% +0.08
GSL Global Ship Lease Inc. Class A Add +7.4% 0.39% +0.08
IXUS iShares Core Intl Stock ETF Add +8.8% 0.50% +0.06
ET Energy Transfer LP Add +18.5% 0.62% +0.06
AEM Agnico Eagle Mines Ltd. Add +126.1% 0.09% +0.06
MPLX MPLX LP Add +18.4% 0.50% +0.06
EMXC iShares MSCI Emr MRK Ex Chna Add +13.9% 0.35% +0.06
VYM Vanguard High DVD Yield ETF Add +1.1% 1.07% +0.06
BRK.B Berkshire Hathaway Inc. Class B Add +11.7% 0.43% +0.05
ARKK ARK Innovation ETF Add +0.1% 0.28% +0.05
PFE Pfizer Inc. New 0.05% +0.05
IDV iShares International Select Add +11.1% 0.31% +0.04
OBIL F/M US Treasury 12 Month Bil New 0.04% +0.04
CEG Constellation Energy Add +177.3% 0.06% +0.04
ARLP Alliance Resource Partners Add +11.1% 0.70% +0.04
CARY Angel Oak Income ETF Add +3.6% 1.09% +0.04
GNR State Street SPDR S&P Global Add +4.3% 0.28% +0.03
BMNR Bitmine Immersion Technologi New 0.03% +0.03
EPD Enterprise Products Partners Add +6.5% 0.51% +0.03
VRT Vertiv Holdings Co. Class A New 0.03% +0.03
DVYE iShares Emerging Markets Div Add +5.1% 0.39% +0.03
REMX Vaneck Rar Earth ND STG-Usdi New 0.03% +0.03
TRGP Targa Resources Corp. New 0.03% +0.03
INTC Intel Corp. New 0.03% +0.03
XLI SS Industrial Select Sector Add +2.7% 0.44% +0.03
BE Bloom Energy Corp. Class A New 0.02% +0.02
BANC Banc of California Inc. Add +0.7% 0.16% +0.02
BA The Boeing Co. Add +55.4% 0.06% +0.02
AGG iShares Core U.S. Aggregate Add +75.5% 0.05% +0.02
ISVL iShares International Develo New 0.02% +0.02
TLN Talen Energy Corp. Add +39.0% 0.04% +0.02

Options Activity Q2 2025 → Q3 2025
STATE STR SPDR S&P 500 ETF T put New 16,900 $9.5M
SPDR SERIES TRUST call New 2,000 $200K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 296$1.2BZWS, IVV, VOO, SPY, VTI
Q1 2026 299$1.0BIVV, ZWS, VOO, SPY, VTI
Q4 2025 294$1.1BZWS, IVV, VOO, SPY, VTI
Q3 2025 289$1.0BZWS, IVV, VOO, SPY, VTI
Q2 2025 285$1.0BZWS, IVV, DNB, VOO, SPY
Q1 2025 261$959.5MZWS, DNB, IVV, VOO, SPY
Q4 2024 275$1.0BZWS, DNB, IVV, VOO, SPY
Q3 2024 274$980.0MZWS, DNB, IVV, VOO, SPY
Q2 2024 274$912.5MZWS, IVV, DNB, VOO, SPY
Q1 2024 298$958.9MZWS, DNB, IVV, FIS, VYX