Dahring | Cusmano LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Dahring | Cusmano LLC reported 55 stock positions worth $128.3 million. Its top holding was PIMCO Multisector Bond Actv (PYLD) at 12.7% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 11.4%) and Fidelity Fndmntl L/C Cor ETF (FFLC, 10.8%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 36 and reduced 11. The biggest buy was Schwab US Large-Cap Growth (SCHG, shares +4%) and the biggest sale Fidelity Total Bond ETF (FBND, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0002053669
- Portfolio Value
- $128.3M (Q2 2025)
- SEC Filing
- 0001765380-25-000282 ↗ filed Aug 5, 2025
Holdings Value
Holdings 55 stocks · $128.3M
| PYLD PIMCO Multisector Bond Actv | 12.67% | 612,937 | $16.3M | Add +4.5% |
| SCHG Schwab US Large-Cap Growth | 11.35% | 498,917 | $14.6M | Add +3.7% |
| FFLC Fidelity Fndmntl L/C Cor ETF | 10.81% | 284,038 | $13.9M | Add +5.2% |
| FBND Fidelity Total Bond ETF | 8.52% | 238,964 | $10.9M | Reduce -4.8% |
| HYDB iShares High Yield Systemati | 6.61% | 178,596 | $8.5M | Reduce -0.5% |
| XMHQ Invesco S&P Midcap Qual ETF | 6.33% | 82,690 | $8.1M | Add +3.2% |
| FESM Fidelity Enhanced Small Cap | 6.17% | 247,397 | $7.9M | Add +3.0% |
| FENI Fidelity Enhanced Intl ETF | 4.44% | 171,391 | $5.7M | Reduce -0.5% |
| FBCG Fidelity Blue Chip Grow ETF | 4.05% | 107,832 | $5.2M | Add +20.0% |
| IAU iShares Gold Trust | 2.75% | 56,686 | $3.5M | Add +1.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.39% | 10,771 | $3.1M | Reduce -0.5% |
| FTEC Fidelity MSCI Info Tech Indx | 2.21% | 14,388 | $2.8M | Add +3.5% |
| TSPA T Rowe Price US Eqy Research | 2.14% | 70,782 | $2.8M | Add +20.3% |
| TBUX T Rowe Price Ultra Short-Ter | 2.09% | 53,848 | $2.7M | Add +9.7% |
| TCAF T Rowe PRC Cap Appreciation | 2.03% | 73,875 | $2.6M | Reduce -0.4% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 1.30% | 49,786 | $1.7M | Reduce -6.4% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 1.07% | 41,760 | $1.4M | Add +12.2% |
| VHT Vanguard Health Care ETF | 1.03% | 5,344 | $1.3M | Add +2.8% |
| MSFT Microsoft Corp. | 0.92% | 2,361 | $1.2M | Add +0.3% |
| AMGN Amgen Inc. | 0.72% | 3,300 | $921K | No change |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.67% | 8,967 | $855K | Reduce -0.5% |
| TFLR T Rowe Price Floating RT ETF | 0.56% | 14,099 | $725K | Add +12.6% |
| JNJ Johnson & Johnson | 0.54% | 4,519 | $690K | Add +0.1% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.46% | 2,133 | $591K | Add +14.7% |
| VIG Vanguard Dividend Apprec ETF | 0.45% | 2,829 | $579K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.42% | 21,748 | $534K | Add +0.6% |
| MINO PIMCO Municipal Income Oppor | 0.40% | 11,543 | $511K | Add +6.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 1,555 | $458K | Add +0.1% |
| AAPL Apple Inc. | 0.35% | 2,163 | $444K | Add +0.4% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.34% | 1,179 | $432K | Add +0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 1,782 | $422K | Reduce -0.5% |
| FDEM Fidelity Emrg MRKT Multifact | 0.33% | 14,972 | $419K | Add +6.1% |
| VYM Vanguard High DVD Yield ETF | 0.32% | 3,108 | $414K | Reduce -4.2% |
| ELV Elevance Health Inc. | 0.31% | 1,025 | $399K | Add +0.1% |
| IWF iShares Russell 1000 Growth | 0.30% | 899 | $382K | Add +0.1% |
| AZO AutoZone Inc. | 0.29% | 101 | $375K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 634 | $350K | Add +1.6% |
| GLD SPDR Gold Shares | 0.25% | 1,054 | $321K | No change |
| NVDA Nvidia Corp. | 0.25% | 2,033 | $321K | Add +2.0% |
| PG The Procter & Gamble Co. | 0.25% | 2,000 | $319K | Add +0.1% |
| WEC WEC Energy Group Inc. | 0.24% | 2,957 | $308K | Add +0.8% |
| WMT Walmart Inc. | 0.23% | 3,065 | $300K | Add +0.5% |
| PII Polaris Inc. | 0.23% | 7,236 | $294K | No change |
| LLY Eli Lilly & Co. | 0.22% | 362 | $282K | Add +2.0% |
| AMZN Amazon.com Inc. | 0.22% | 1,273 | $279K | Add +2.4% |
| TSCO Tractor Supply Company | 0.21% | 5,000 | $264K | No change |
| DTE DTE Energy Company | 0.21% | 1,988 | $263K | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.20% | 888 | $257K | Add +0.5% |
| ACN Accenture PLC Class A | 0.19% | 800 | $239K | No change |
| IMCG iShares Morningstar Mid-Cap | 0.18% | 2,923 | $235K | Reduce -2.1% |
| PM Philip Morris International | 0.18% | 1,281 | $233K | Add +0.1% |
| HD Home Depot Inc. | 0.18% | 620 | $227K | Add +0.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.17% | 2,647 | $214K | Reduce -5.7% |
| DUOL Duolingo | 0.16% | 500 | $205K | New |
| F Ford Motor Co. filed as FORD MTR CO | 0.15% | 18,002 | $195K | Add +1.3% |
Portfolio Sells Q1 2025 → Q2 2025
| FBND Fidelity Total Bond ETF | Reduce -4.8% | 8.52% | −1.35 |
| HYDB iShares High Yield Systemati | Reduce -0.5% | 6.61% | −0.67 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.18 |
| CGBL Cap Group Core Balanced | Reduce -6.4% | 1.30% | −0.12 |
| VYM Vanguard High DVD Yield ETF | Reduce -4.2% | 0.32% | −0.04 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -0.4% | 2.03% | −0.03 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -5.7% | 0.17% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.5% | 0.33% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.5% | 2.39% | −0.00 |
| IMCG iShares Morningstar Mid-Cap | Reduce -2.1% | 0.18% | −0.00 |
| FENI Fidelity Enhanced Intl ETF | Reduce -0.5% | 4.44% | +0.03 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.5% | 0.67% | +0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHG Schwab US Large-Cap Growth | Add +3.7% | 11.35% | +0.98 |
| FBCG Fidelity Blue Chip Grow ETF | Add +20.0% | 4.05% | +0.96 |
| FFLC Fidelity Fndmntl L/C Cor ETF | Add +5.2% | 10.81% | +0.70 |
| TSPA T Rowe Price US Eqy Research | Add +20.3% | 2.14% | +0.36 |
| FTEC Fidelity MSCI Info Tech Indx | Add +3.5% | 2.21% | +0.28 |
| DUOL Duolingo | New | 0.16% | +0.16 |
| MSFT Microsoft Corp. | Add +0.3% | 0.92% | +0.15 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +12.2% | 1.07% | +0.09 |
| FESM Fidelity Enhanced Small Cap | Add +3.0% | 6.17% | +0.07 |
| NVDA Nvidia Corp. | Add +2.0% | 0.25% | +0.06 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +14.7% | 0.46% | +0.06 |
| IBM Intl Business Machines Corp. | Add +0.1% | 0.36% | +0.02 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +0.3% | 0.34% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.6% | 0.27% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.30% | +0.02 |
| FDEM Fidelity Emrg MRKT Multifact | Add +6.1% | 0.33% | +0.02 |
| TFLR T Rowe Price Floating RT ETF | Add +12.6% | 0.56% | +0.01 |
| AMZN Amazon.com Inc. | Add +2.4% | 0.22% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.5% | 0.20% | +0.01 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +3.2% | 6.33% | +0.01 |
| PM Philip Morris International | Add +0.1% | 0.18% | +0.01 |
| WMT Walmart Inc. | Add +0.5% | 0.23% | +0.00 |
| F Ford Motor Co. | Add +1.3% | 0.15% | −0.00 |
| TBUX T Rowe Price Ultra Short-Ter | Add +9.7% | 2.09% | −0.01 |
| HD Home Depot Inc. | Add +0.7% | 0.18% | −0.02 |
| MINO PIMCO Municipal Income Oppor | Add +6.9% | 0.40% | −0.02 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.6% | 0.42% | −0.02 |
| DTE DTE Energy Company | Add +0.8% | 0.21% | −0.03 |
| LLY Eli Lilly & Co. | Add +2.0% | 0.22% | −0.03 |
| WEC WEC Energy Group Inc. | Add +0.8% | 0.24% | −0.04 |
| PG The Procter & Gamble Co. | Add +0.1% | 0.25% | −0.05 |
| AAPL Apple Inc. | Add +0.4% | 0.35% | −0.07 |
| ELV Elevance Health Inc. | Add +0.1% | 0.31% | −0.07 |
| IAU iShares Gold Trust | Add +1.3% | 2.75% | −0.09 |
| JNJ Johnson & Johnson | Add +0.1% | 0.54% | −0.11 |
| VHT Vanguard Health Care ETF | Add +2.8% | 1.03% | −0.15 |
| PYLD PIMCO Multisector Bond Actv | Add +4.5% | 12.67% | −0.64 |
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 |