Dahring | Cusmano LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Dahring | Cusmano LLC reported 55 stock positions worth $116.1 million. Its top holding was PIMCO Multisector Bond Actv (PYLD) at 13.3% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 10.4%) and Fidelity Fndmntl L/C Cor ETF (FFLC, 10.1%). Compared with Q4 2024, it opened 1 new position, sold out of 7, added to 34 and reduced 18. The biggest buy was PIMCO Multisector Bond Actv (PYLD, shares +33%) and the biggest sale an exit from iShares Flex I A ETF-Usd (BINC).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0002053669
- Portfolio Value
- $116.1M (Q1 2025)
- SEC Filing
- 0001765380-25-000164 ↗ filed May 5, 2025
Holdings Value
Holdings 55 stocks · $116.1M
| PYLD PIMCO Multisector Bond Actv | 13.32% | 586,817 | $15.5M | Add +32.7% |
| SCHG Schwab US Large-Cap Growth | 10.38% | 481,175 | $12.0M | Add +4.6% |
| FFLC Fidelity Fndmntl L/C Cor ETF | 10.12% | 270,060 | $11.7M | Add +17.2% |
| FBND Fidelity Total Bond ETF | 9.87% | 251,091 | $11.5M | Reduce -6.5% |
| HYDB iShares High Yield Systemati | 7.28% | 179,411 | $8.4M | Add +7.8% |
| XMHQ Invesco S&P Midcap Qual ETF | 6.32% | 80,160 | $7.3M | Add +6.9% |
| FESM Fidelity Enhanced Small Cap | 6.10% | 240,200 | $7.1M | Add +12.1% |
| FENI Fidelity Enhanced Intl ETF | 4.42% | 172,320 | $5.1M | Add +7.2% |
| FBCG Fidelity Blue Chip Grow ETF | 3.09% | 89,850 | $3.6M | Add +43.5% |
| IAU iShares Gold Trust | 2.84% | 55,964 | $3.3M | Add +2.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.40% | 10,823 | $2.8M | Reduce -22.9% |
| TBUX T Rowe Price Ultra Short-Ter | 2.10% | 49,084 | $2.4M | Add +125.3% |
| TCAF T Rowe PRC Cap Appreciation | 2.06% | 74,172 | $2.4M | Add +0.2% |
| FTEC Fidelity MSCI Info Tech Indx | 1.93% | 13,905 | $2.2M | Add +15.0% |
| TSPA T Rowe Price US Eqy Research | 1.78% | 58,833 | $2.1M | Add +56.3% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 1.42% | 53,176 | $1.6M | Add +240.6% |
| VHT Vanguard Health Care ETF | 1.19% | 5,199 | $1.4M | Add +9.9% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 0.98% | 37,233 | $1.1M | Add +54.5% |
| AMGN Amgen Inc. | 0.89% | 3,300 | $1.0M | Reduce -0.1% |
| MSFT Microsoft Corp. | 0.76% | 2,355 | $884K | Add +1.7% |
| JNJ Johnson & Johnson | 0.64% | 4,515 | $749K | Reduce -0.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.62% | 9,015 | $725K | Reduce -7.8% |
| TFLR T Rowe Price Floating RT ETF | 0.55% | 12,527 | $639K | Add +34.4% |
| VIG Vanguard Dividend Apprec ETF | 0.47% | 2,829 | $549K | Reduce -7.7% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.44% | 21,616 | $510K | Add +9.9% |
| MINO PIMCO Municipal Income Oppor | 0.42% | 10,796 | $483K | Add +66.1% |
| AAPL Apple Inc. | 0.41% | 2,155 | $479K | Reduce -10.4% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.40% | 1,860 | $468K | Add +100.9% |
| ELV Elevance Health Inc. | 0.38% | 1,024 | $445K | Add +0.1% |
| VYM Vanguard High DVD Yield ETF | 0.36% | 3,244 | $418K | Reduce -2.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.34% | 1,791 | $397K | Reduce -3.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 1,553 | $386K | Reduce -8.8% |
| AZO AutoZone Inc. | 0.33% | 101 | $385K | No change |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.31% | 1,176 | $363K | Reduce -3.6% |
| FDEM Fidelity Emrg MRKT Multifact | 0.31% | 14,114 | $361K | Add +28.5% |
| PG The Procter & Gamble Co. | 0.29% | 1,999 | $341K | Reduce -0.7% |
| IWF iShares Russell 1000 Growth | 0.28% | 898 | $324K | Add +0.1% |
| WEC WEC Energy Group Inc. | 0.28% | 2,932 | $320K | Add +0.8% |
| GLD SPDR Gold Shares | 0.26% | 1,054 | $304K | Reduce -3.2% |
| PII Polaris Inc. | 0.26% | 7,236 | $296K | Add +0.0% |
| LLY Eli Lilly & Co. | 0.25% | 355 | $293K | Add +1.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 624 | $293K | Add +0.5% |
| TSCO Tractor Supply Company | 0.24% | 5,000 | $276K | No change |
| DTE DTE Energy Company | 0.23% | 1,972 | $273K | Add +0.8% |
| WMT Walmart Inc. | 0.23% | 3,049 | $268K | Add +2.0% |
| ACN Accenture PLC Class A | 0.21% | 800 | $250K | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.20% | 1,243 | $236K | Add +0.7% |
| HD Home Depot Inc. | 0.19% | 616 | $226K | Add +0.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.19% | 2,807 | $221K | Reduce -3.4% |
| JPM JPMorgan Chase & Co. | 0.19% | 884 | $217K | Reduce -52.8% |
| NVDA Nvidia Corp. | 0.19% | 1,994 | $216K | Add +6.9% |
| IMCG iShares Morningstar Mid-Cap | 0.18% | 2,987 | $213K | Reduce -11.4% |
| PEP Pepsico Inc. | 0.18% | 1,417 | $213K | Reduce -6.0% |
| PM Philip Morris International | 0.17% | 1,280 | $203K | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.15% | 17,770 | $178K | Add +67.3% |
Portfolio Sells Q4 2024 → Q1 2025
| BINC iShares Flex I A ETF-Usd Inc. | Sold out | 0.00% | −1.68 |
| FBND Fidelity Total Bond ETF | Reduce -6.5% | 9.87% | −1.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -22.9% | 2.40% | −1.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.67 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.24 |
| JPM JPMorgan Chase & Co. | Reduce -52.8% | 0.19% | −0.22 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.22 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −0.21 |
| SCHF Schwab Intl Equity ETF | Sold out | 0.00% | −0.20 |
| DFAT Dimensional US Target Value | Sold out | 0.00% | −0.19 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -7.8% | 0.62% | −0.16 |
| AAPL Apple Inc. | Reduce -10.4% | 0.41% | −0.13 |
| VIG Vanguard Dividend Apprec ETF | Reduce -7.7% | 0.47% | −0.07 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -3.6% | 0.31% | −0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.0% | 0.34% | −0.06 |
| IMCG iShares Morningstar Mid-Cap | Reduce -11.4% | 0.18% | −0.05 |
| ACN Accenture PLC Class A | Reduce -0.5% | 0.21% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.9% | 0.36% | −0.03 |
| PEP Pepsico Inc. | Reduce -6.0% | 0.18% | −0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -3.4% | 0.19% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.7% | 0.29% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -8.8% | 0.33% | −0.01 |
| GLD SPDR Gold Shares | Reduce -3.2% | 0.26% | +0.02 |
| JNJ Johnson & Johnson | Reduce -0.2% | 0.64% | +0.05 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.89% | +0.10 |
Portfolio Buys Q4 2024 → Q1 2025
| PYLD PIMCO Multisector Bond Actv | Add +32.7% | 13.32% | +2.92 |
| TBUX T Rowe Price Ultra Short-Ter | Add +125.3% | 2.10% | +1.12 |
| CGBL Cap Group Core Balanced | Add +240.6% | 1.42% | +0.98 |
| FFLC Fidelity Fndmntl L/C Cor ETF | Add +17.2% | 10.12% | +0.53 |
| TSPA T Rowe Price US Eqy Research | Add +56.3% | 1.78% | +0.52 |
| FBCG Fidelity Blue Chip Grow ETF | Add +43.5% | 3.09% | +0.47 |
| FENI Fidelity Enhanced Intl ETF | Add +7.2% | 4.42% | +0.40 |
| IAU iShares Gold Trust | Add +2.7% | 2.84% | +0.39 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +54.5% | 0.98% | +0.27 |
| HYDB iShares High Yield Systemati | Add +7.8% | 7.28% | +0.18 |
| PM Philip Morris International | New | 0.17% | +0.17 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +100.9% | 0.40% | +0.17 |
| MINO PIMCO Municipal Income Oppor | Add +66.1% | 0.42% | +0.15 |
| TFLR T Rowe Price Floating RT ETF | Add +34.4% | 0.55% | +0.11 |
| VHT Vanguard Health Care ETF | Add +9.9% | 1.19% | +0.10 |
| FDEM Fidelity Emrg MRKT Multifact | Add +28.5% | 0.31% | +0.06 |
| F Ford Motor Co. | Add +67.3% | 0.15% | +0.06 |
| ELV Elevance Health Inc. | Add +0.1% | 0.38% | +0.04 |
| WEC WEC Energy Group Inc. | Add +0.8% | 0.28% | +0.03 |
| DTE DTE Energy Company | Add +0.8% | 0.23% | +0.02 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +9.9% | 0.44% | +0.02 |
| LLY Eli Lilly & Co. | Add +1.4% | 0.25% | +0.01 |
| WMT Walmart Inc. | Add +2.0% | 0.23% | −0.01 |
| HD Home Depot Inc. | Add +0.2% | 0.19% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 0.25% | −0.04 |
| NVDA Nvidia Corp. | Add +6.9% | 0.19% | −0.04 |
| AMZN Amazon.com Inc. | Add +0.7% | 0.20% | −0.04 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.28% | −0.05 |
| FTEC Fidelity MSCI Info Tech Indx | Add +15.0% | 1.93% | −0.10 |
| PII Polaris Inc. | Add +0.0% | 0.26% | −0.12 |
| MSFT Microsoft Corp. | Add +1.7% | 0.76% | −0.12 |
| TCAF T Rowe PRC Cap Appreciation | Add +0.2% | 2.06% | −0.17 |
| FESM Fidelity Enhanced Small Cap | Add +12.1% | 6.10% | −0.19 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +6.9% | 6.32% | −0.38 |
| SCHG Schwab US Large-Cap Growth | Add +4.6% | 10.38% | −1.25 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $189.6M | PYLD, FFLC, SCHG, FESM, VGMS |
| Q1 2026 | 58 | $162.7M | PYLD, FFLC, SCHG, FESM, VGMS |
| Q4 2025 | 49 | $143.8M | PYLD, SCHG, FFLC, FBND, FESM |
| Q3 2025 | 53 | $138.4M | PYLD, SCHG, FFLC, FBND, FESM |
| Q2 2025 | 55 | $128.3M | PYLD, SCHG, FFLC, FBND, HYDB |
| Q1 2025 | 55 | $116.1M | PYLD, SCHG, FFLC, FBND, HYDB |
| Q4 2024 | 61 | $110.3M | SCHG, FBND, PYLD, FFLC, HYDB |