Dahring | Cusmano LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Dahring | Cusmano LLC reported 53 stock positions worth $138.4 million. Its top holding was PIMCO Multisector Bond Actv (PYLD) at 12.5% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 11.9%) and Fidelity Fndmntl L/C Cor ETF (FFLC, 11.2%). Compared with Q2 2025, it opened 7 new positions, sold out of 9, added to 27 and reduced 18. The biggest buy was a new position in Schwab High Yield Bond ETF (SCYB) and the biggest sale iShares High Yield Systemati (HYDB, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0002053669
- Portfolio Value
- $138.4M (Q3 2025)
- SEC Filing
- 0002053669-25-000002 ↗ filed Nov 7, 2025
Holdings Value
Holdings 53 stocks · $138.4M
| PYLD PIMCO Multisector Bond Actv | 12.52% | 645,675 | $17.3M | Add +5.3% |
| SCHG Schwab US Large-Cap Growth | 11.87% | 514,855 | $16.4M | Add +3.2% |
| FFLC Fidelity Fndmntl L/C Cor ETF | 11.15% | 296,628 | $15.4M | Add +4.4% |
| FBND Fidelity Total Bond ETF | 7.90% | 236,652 | $10.9M | Reduce -1.0% |
| FESM Fidelity Enhanced Small Cap | 6.78% | 256,595 | $9.4M | Add +3.7% |
| XMHQ Invesco S&P Midcap Qual ETF | 6.58% | 86,779 | $9.1M | Add +4.9% |
| SCYB Schwab High Yield Bond ETF | 5.38% | 278,758 | $7.5M | New |
| FBCG Fidelity Blue Chip Grow ETF | 4.57% | 117,810 | $6.3M | Add +9.3% |
| FENI Fidelity Enhanced Intl ETF | 4.42% | 173,609 | $6.1M | Add +1.3% |
| IAU iShares Gold Trust | 2.94% | 55,975 | $4.1M | Reduce -1.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 2.45% | 10,996 | $3.4M | Add +2.1% |
| FTEC Fidelity MSCI Info Tech Indx | 2.38% | 14,830 | $3.3M | Add +3.1% |
| TSPA T Rowe Price US Eqy Research | 2.32% | 76,689 | $3.2M | Add +8.3% |
| TCAF T Rowe PRC Cap Appreciation | 1.87% | 68,816 | $2.6M | Reduce -6.8% |
| TBUX T Rowe Price Ultra Short-Ter | 1.61% | 44,692 | $2.2M | Reduce -17.0% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 1.40% | 55,975 | $1.9M | Add +12.4% |
| HYDB iShares High Yield Systemati | 1.12% | 32,425 | $1.6M | Reduce -81.8% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 1.11% | 43,814 | $1.5M | Add +4.9% |
| VHT Vanguard Health Care ETF | 1.06% | 5,632 | $1.5M | Add +5.4% |
| MSFT Microsoft Corp. | 0.88% | 2,347 | $1.2M | Reduce -0.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.67% | 8,936 | $934K | Reduce -0.3% |
| TFLR T Rowe Price Floating RT ETF | 0.59% | 15,824 | $814K | Add +12.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.51% | 2,386 | $710K | Add +11.9% |
| MINO PIMCO Municipal Income Oppor | 0.45% | 13,750 | $623K | Add +19.1% |
| VIG Vanguard Dividend Apprec ETF | 0.44% | 2,841 | $613K | Add +0.4% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.39% | 20,643 | $543K | Reduce -5.1% |
| AAPL Apple Inc. | 0.39% | 2,131 | $543K | Reduce -1.5% |
| FDEM Fidelity Emrg MRKT Multifact | 0.36% | 16,344 | $492K | Add +9.2% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.34% | 1,176 | $473K | Reduce -0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.32% | 1,747 | $444K | Reduce -2.0% |
| VYM Vanguard High DVD Yield ETF | 0.32% | 3,122 | $440K | Add +0.5% |
| AZO AutoZone Inc. | 0.32% | 102 | $438K | Add +1.0% |
| IWF iShares Russell 1000 Growth | 0.30% | 900 | $421K | Add +0.1% |
| VGMS Vanguard Multi-Sector | 0.27% | 7,187 | $372K | New |
| GLD SPDR Gold Shares | 0.27% | 1,043 | $371K | Reduce -1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 612 | $368K | Reduce -3.5% |
| NVDA Nvidia Corp. | 0.26% | 1,937 | $361K | Reduce -4.7% |
| AMZN Amazon.com Inc. | 0.26% | 1,619 | $355K | Add +27.2% |
| WEC WEC Energy Group Inc. | 0.25% | 2,982 | $342K | Add +0.8% |
| FDVV Fidelity High Dividend ETF | 0.25% | 6,128 | $341K | New |
| WMT Walmart Inc. | 0.23% | 3,072 | $317K | Add +0.2% |
| TVAL T. Rowe Price Value ETF | 0.22% | 9,029 | $308K | New |
| PG The Procter & Gamble Co. | 0.22% | 1,986 | $305K | Reduce -0.7% |
| TSCO Tractor Supply Company | 0.21% | 5,000 | $284K | No change |
| DTE DTE Energy Company | 0.20% | 2,005 | $284K | Add +0.9% |
| PLTR Palantir Technologies Inc. Class A | 0.20% | 1,538 | $281K | New |
| LLY Eli Lilly & Co. | 0.20% | 367 | $280K | Add +1.4% |
| HD Home Depot Inc. | 0.18% | 607 | $246K | Reduce -2.1% |
| JNJ Johnson & Johnson | 0.18% | 1,311 | $243K | Reduce -71.0% |
| IMCG iShares Morningstar Mid-Cap | 0.17% | 2,771 | $229K | Reduce -5.2% |
| F Ford Motor Co. filed as FORD MTR CO | 0.16% | 18,040 | $216K | Add +0.2% |
| TSLA Tesla Inc. | 0.15% | 475 | $211K | New |
| SCHF Schwab Intl Equity ETF | 0.15% | 8,759 | $204K | New |
Portfolio Sells Q2 2025 → Q3 2025
| HYDB iShares High Yield Systemati | Reduce -81.8% | 1.12% | −5.49 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.72 |
| FBND Fidelity Total Bond ETF | Reduce -1.0% | 7.90% | −0.61 |
| TBUX T Rowe Price Ultra Short-Ter | Reduce -17.0% | 1.61% | −0.48 |
| JNJ Johnson & Johnson | Reduce -71.0% | 0.18% | −0.36 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.36 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.31 |
| PII Polaris Inc. | Sold out | 0.00% | −0.23 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.20 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.19 |
| PM Philip Morris International | Sold out | 0.00% | −0.18 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.17 |
| DUOL Duolingo | Sold out | 0.00% | −0.16 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -6.8% | 1.87% | −0.16 |
| MSFT Microsoft Corp. | Reduce -0.6% | 0.88% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -0.7% | 0.22% | −0.03 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -5.1% | 0.39% | −0.02 |
| IMCG iShares Morningstar Mid-Cap | Reduce -5.2% | 0.17% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.0% | 0.32% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.5% | 0.27% | −0.01 |
| HD Home Depot Inc. | Reduce -2.1% | 0.18% | +0.00 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -0.3% | 0.34% | +0.01 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.3% | 0.67% | +0.01 |
| NVDA Nvidia Corp. | Reduce -4.7% | 0.26% | +0.01 |
| GLD SPDR Gold Shares | Reduce -1.0% | 0.27% | +0.02 |
| AAPL Apple Inc. | Reduce -1.5% | 0.39% | +0.05 |
| IAU iShares Gold Trust | Reduce -1.3% | 2.94% | +0.19 |
Portfolio Buys Q2 2025 → Q3 2025
| SCYB Schwab High Yield Bond ETF | New | 5.38% | +5.38 |
| FESM Fidelity Enhanced Small Cap | Add +3.7% | 6.78% | +0.61 |
| FBCG Fidelity Blue Chip Grow ETF | Add +9.3% | 4.57% | +0.51 |
| SCHG Schwab US Large-Cap Growth | Add +3.2% | 11.87% | +0.51 |
| FFLC Fidelity Fndmntl L/C Cor ETF | Add +4.4% | 11.15% | +0.34 |
| VGMS Vanguard Multi-Sector | New | 0.27% | +0.27 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +4.9% | 6.58% | +0.25 |
| FDVV Fidelity High Dividend ETF | New | 0.25% | +0.25 |
| TVAL T. Rowe Price Value ETF | New | 0.22% | +0.22 |
| PLTR Palantir Technologies Inc. Class A | New | 0.20% | +0.20 |
| TSPA T Rowe Price US Eqy Research | Add +8.3% | 2.32% | +0.18 |
| FTEC Fidelity MSCI Info Tech Indx | Add +3.1% | 2.38% | +0.17 |
| TSLA Tesla Inc. | New | 0.15% | +0.15 |
| SCHF Schwab Intl Equity ETF | New | 0.15% | +0.15 |
| CGBL Cap Group Core Balanced | Add +12.4% | 1.40% | +0.11 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +11.9% | 0.51% | +0.05 |
| MINO PIMCO Municipal Income Oppor | Add +19.1% | 0.45% | +0.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +2.1% | 2.45% | +0.05 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +4.9% | 1.11% | +0.05 |
| AMZN Amazon.com Inc. | Add +27.2% | 0.26% | +0.04 |
| FDEM Fidelity Emrg MRKT Multifact | Add +9.2% | 0.36% | +0.03 |
| AZO AutoZone Inc. | Add +1.0% | 0.32% | +0.02 |
| TFLR T Rowe Price Floating RT ETF | Add +12.2% | 0.59% | +0.02 |
| VHT Vanguard Health Care ETF | Add +5.4% | 1.06% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.30% | +0.01 |
| WEC WEC Energy Group Inc. | Add +0.8% | 0.25% | +0.01 |
| F Ford Motor Co. | Add +0.2% | 0.16% | +0.00 |
| DTE DTE Energy Company | Add +0.9% | 0.20% | −0.00 |
| WMT Walmart Inc. | Add +0.2% | 0.23% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Add +0.5% | 0.32% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 0.44% | −0.01 |
| FENI Fidelity Enhanced Intl ETF | Add +1.3% | 4.42% | −0.02 |
| LLY Eli Lilly & Co. | Add +1.4% | 0.20% | −0.02 |
| PYLD PIMCO Multisector Bond Actv | Add +5.3% | 12.52% | −0.16 |
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 |