D. Scott Neal, Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 15, 2024), D. Scott Neal, Inc. reported 63 stock positions worth $179.6 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 13.7% of the portfolio, followed by SPDR Gold Shares (GLD, 12.9%) and Arthur J Gallagher (AJG, 10.2%). Compared with Q1 2024, it opened 4 new positions, sold out of 2, added to 11 and reduced 13. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +195%) and the biggest sale an exit from Abbvie (ABBV).

Most Recent 13F
Q3 2025
Location
LEXINGTON, KY
CIK
0001596920
Portfolio Value
$179.6M (Q2 2024)
SEC Filing
0001596920-24-000004 ↗ filed Jul 15, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $152.9M Q1 2024 Q2 2024: $179.6M $179.6M Q2 2024 Q3 2024: $189.1M Q3 2024 Q4 2024: $182.3M Q4 2024 Q1 2025: $180.3M Q1 2025 Q2 2025: $200.6M Q2 2025 Q3 2025: $216.2M Q3 2025

Holdings 63 stocks · $179.6M
QQQ Invesco QQQ Trust Series 1 13.66% 51,151 $24.5M Add +194.9%
GLD SPDR Gold Shares 12.90% 107,816 $23.2M Reduce -8.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 10.16% 70,417 $18.3M Add +78.9%
UNM Unum Group 8.33% 292,952 $15.0M Add +30.2%
NSA National Storage Affiliates 6.36% 277,176 $11.4M Add +20.3%
KLAC KLA Corp. 5.22% 11,381 $9.4M Reduce -11.8%
FLEX Flex Ltd. 4.59% 279,455 $8.2M Add +3.2%
CRL Charles River Laboratories 4.00% 34,808 $7.2M Add +5.6%
XLC SS Comm Select Sector SPDR 2.94% 61,595 $5.3M New
LRCX Lam Research Corp. 2.59% 4,362 $4.7M New
CSIQ Canadian Solar Inc. 2.17% 264,272 $3.9M New
MSFT Microsoft Corp. 2.09% 8,386 $3.7M No change
VTIP Vanguard Short-Term Tips 1.52% 56,296 $2.7M No change
REKR Rekor Systems Inc. 1.47% 1,700,650 $2.6M No change
XLE SS Energy Select Sector 1.41% 27,867 $2.5M Add +1.6%
CAT Caterpillar Inc. 1.40% 7,549 $2.5M No change
QLD Proshares Ultra QQQ 1.39% 25,076 $2.5M Reduce -0.1%
SPHB Invesco S&P 500 High Beta Et 1.27% 27,072 $2.3M No change
BRK.B Berkshire Hathaway Inc. Class B 1.22% 5,400 $2.2M No change
NVDA Nvidia Corp. 1.21% 17,530 $2.2M Add +8.5%
IAU iShares Gold Trust 1.07% 43,882 $1.9M Reduce -0.8%
SSO Proshares Ultra S&P500 1.05% 22,888 $1.9M Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.99% 3,259 $1.8M Add +0.2%
AAPL Apple Inc. 0.80% 6,857 $1.4M Add +0.3%
MDYV SS SPDR S&P 400 MC Val ETF 0.74% 18,211 $1.3M No change
RBCAA Republic Bancorp Inc. Class A 0.63% 21,000 $1.1M No change
IVV iShares Core S&P 500 ETF 0.57% 1,877 $1.0M No change
HD Home Depot Inc. 0.45% 2,336 $804K No change
IJS iShares S&P Small-Cap 600 Va 0.43% 7,966 $775K No change
GOOG Alphabet Inc. Class C 0.41% 4,000 $734K No change
T AT&T Inc. 0.39% 36,890 $705K No change
V Visa Inc. Class A 0.37% 2,550 $669K No change
JNJ Johnson & Johnson 0.33% 4,100 $599K No change
MA Mastercard Inc. Class A 0.33% 1,350 $596K Reduce -1.1%
LOW Lowe's Cos Inc. 0.31% 2,500 $551K No change
PG The Procter & Gamble Co. 0.30% 3,260 $538K No change
AMZN Amazon.com Inc. 0.27% 2,541 $491K Add +0.8%
NVO Novo-Nordisk A/S-Spons ADR 0.26% 3,280 $468K No change
VOO Vanguard S&P 500 ETF 0.26% 917 $460K No change
RF Regions Financial Corp. 0.24% 21,434 $435K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.24% 2,468 $427K Reduce -0.2%
MDY State Street SPDR S&P Midcap 0.23% 780 $419K No change
GOOGL Alphabet Inc. Class A 0.23% 2,220 $404K No change
HEFA Isha Curr Hedged MSCI Eafe 0.22% 11,202 $398K New
ESGU iShares ESG Aware MSCI USA 0.22% 3,274 $391K Reduce -13.6%
IWM iShares Russell 2000 ETF 0.21% 1,860 $377K No change
NKE Nike Inc. Class B 0.20% 4,685 $355K No change
AVGO Broadcom Inc. 0.19% 208 $334K Reduce -4.6%
MO Altria Group Inc. 0.18% 7,000 $326K No change
XOM Exxon Mobil Corp. 0.18% 2,734 $315K No change
GSK GSK PLC-Spon ADR 0.17% 7,928 $308K No change
ABT Abbott Laboratories 0.17% 2,900 $301K No change
IWR iShares Russell Mid-Cap ETF 0.16% 3,560 $289K No change
ANET Arista Networks Inc. 0.16% 818 $287K Reduce -4.4%
MRK Merck & Co. Inc. 0.16% 2,270 $283K No change
ESGD iShares Trust iShares ESG Aw 0.15% 3,503 $276K Reduce -2.9%
HON Honeywell International Inc. 0.15% 1,285 $274K No change
ESBA Empire State Realty Op LP-Es 0.15% 29,000 $264K No change
EFA iShares MSCI Eafe ETF 0.13% 3,053 $239K Reduce -61.4%
ESGV Vanguard ESG US Stock ETF 0.13% 2,388 $231K Reduce -8.8%
WM Waste Management Inc. 0.12% 1,017 $217K No change
ITB iShares U.S. Home Constructi 0.11% 2,000 $202K No change
LIVEPERSON INC 0.01% 25,107 $15K No change

Portfolio Sells Q1 2024 → Q2 2024
ABBV Abbvie Inc. Sold out 0.00% −9.53
GLD SPDR Gold Shares Reduce -8.7% 12.90% −2.99
KLAC KLA Corp. Reduce -11.8% 5.22% −0.67
XLRE SS Real Estate Select Sector Sold out 0.00% −0.59
EFA iShares MSCI Eafe ETF Reduce -61.4% 0.13% −0.28
IAU iShares Gold Trust Reduce -0.8% 1.07% −0.14
SSO Proshares Ultra S&P500 Reduce -0.1% 1.05% −0.11
MA Mastercard Inc. Class A Reduce -1.1% 0.33% −0.10
IBM Intl Business Machines Corp. Reduce -0.2% 0.24% −0.07
ESGU iShares ESG Aware MSCI USA Reduce -13.6% 0.22% −0.07
QLD Proshares Ultra QQQ Reduce -0.1% 1.39% −0.04
ESGD iShares Trust iShares ESG Aw Reduce -2.9% 0.15% −0.03
ESGV Vanguard ESG US Stock ETF Reduce -8.8% 0.13% −0.03
AVGO Broadcom Inc. Reduce -4.6% 0.19% −0.00
ANET Arista Networks Inc. Reduce -4.4% 0.16% −0.00

Portfolio Buys Q1 2024 → Q2 2024
QQQ Invesco QQQ Trust Series 1 Add +194.9% 13.66% +8.62
AJG Arthur J Gallagher & Co. Add +78.9% 10.16% +3.73
XLC SS Comm Select Sector SPDR New 2.94% +2.94
LRCX Lam Research Corp. New 2.59% +2.59
CSIQ Canadian Solar Inc. New 2.17% +2.17
NSA National Storage Affiliates Add +20.3% 6.36% +0.46
UNM Unum Group Add +30.2% 8.33% +0.44
NVDA Nvidia Corp. Add +8.5% 1.21% +0.25
HEFA Isha Curr Hedged MSCI Eafe New 0.22% +0.22
AAPL Apple Inc. Add +0.3% 0.80% +0.04
AMZN Amazon.com Inc. Add +0.8% 0.27% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 0.99% −0.13
XLE SS Energy Select Sector Add +1.6% 1.41% −0.28
FLEX Flex Ltd. Add +3.2% 4.59% −0.48
CRL Charles River Laboratories Add +5.6% 4.00% −1.84

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 58$216.2MGLD, QQQ, XLC, UNM, AJG
Q2 2025 55$200.6MGLD, QQQ, UNM, XLC, AJG
Q1 2025 54$180.3MGLD, QQQ, UNM, AJG, XLC
Q4 2024 55$182.3MQQQ, GLD, UNM, AJG, XLC
Q3 2024 58$189.1MQQQ, GLD, UNM, AJG, XLU
Q2 2024 63$179.6MQQQ, GLD, AJG, UNM, NSA
Q1 2024 61$152.9MGLD, ABBV, UNM, AJG, NSA