Dakota Wealth Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Dakota Wealth Management reported 744 stock positions worth $4.3 billion. Its top holding was KLA (KLAC) at 14.0% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 4.0%) and iShares Core S&P 500 ETF (IVV, 3.6%). Compared with Q4 2024, it opened 68 new positions, sold out of 68, added to 222 and reduced 364. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +36%) and the biggest sale Microsoft (MSFT, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- PALM BEACH GARDENS, FL
- CIK
- 0001631353
- Portfolio Value
- $4.3B (Q1 2025)
- SEC Filing
- 0001951757-25-000489 ↗ filed May 2, 2025
Holdings Value
Holdings 744 stocks · $4.3B
| KLAC KLA Corp. | 13.97% | 878,017 | $596.9M | Reduce -2.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.97% | 1,846,887 | $169.4M | Add +35.8% |
| IVV iShares Core S&P 500 ETF | 3.59% | 272,580 | $153.2M | Add +0.1% |
| AAPL Apple Inc. | 3.47% | 668,030 | $148.4M | Reduce -0.3% |
| MSFT Microsoft Corp. | 1.93% | 220,064 | $82.6M | Reduce -18.2% |
| AMZN Amazon.com Inc. | 1.84% | 413,035 | $78.6M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 1.67% | 411,880 | $71.3M | Add +2.8% |
| JPM JPMorgan Chase & Co. | 1.47% | 256,455 | $62.9M | Add +34.0% |
| META Meta Platforms Inc. Class A | 1.35% | 99,897 | $57.6M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 1.24% | 56,120 | $53.1M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.20% | 95,880 | $51.1M | Add +32.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.99% | 75,523 | $42.2M | Add +2.5% |
| V Visa Inc. Class A | 0.99% | 120,451 | $42.2M | Add +1.5% |
| NVDA Nvidia Corp. | 0.94% | 370,045 | $40.1M | Reduce -22.3% |
| AVGO Broadcom Inc. | 0.93% | 238,332 | $39.9M | Reduce -2.9% |
| XLF SS Financial Select Sector | 0.91% | 780,002 | $38.9M | Reduce -1.3% |
| IWR iShares Russell Mid-Cap ETF | 0.90% | 451,878 | $38.4M | Reduce -2.9% |
| IWM iShares Russell 2000 ETF | 0.89% | 190,013 | $37.9M | Reduce -2.3% |
| NFLX Netflix Inc. | 0.86% | 39,168 | $36.5M | Reduce -7.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.85% | 892,073 | $36.4M | Add +10.2% |
| PGR Progressive Corp. | 0.85% | 127,658 | $36.1M | Add +1.1% |
| VXUS Vanguard Total Intl Stock | 0.80% | 550,520 | $34.2M | Add +3.0% |
| PFF iShares Preferred & Income S | 0.79% | 1,100,612 | $33.8M | Reduce -5.3% |
| LLY Eli Lilly & Co. | 0.77% | 39,974 | $33.0M | Reduce -28.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.76% | 94,196 | $32.5M | Add +4.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.76% | 615,254 | $32.3M | Add +6.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.75% | 68,144 | $32.0M | Add +8.6% |
| TIP iShares Tips Bond ETF | 0.73% | 282,204 | $31.4M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 0.71% | 195,284 | $30.2M | Reduce -20.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.69% | 805,763 | $29.3M | Add +259.2% |
| AGG iShares Core U.S. Aggregate | 0.68% | 295,123 | $29.2M | Add +1.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.67% | 165,761 | $28.6M | Reduce -9.1% |
| XLK SS Technology Select Sector | 0.65% | 134,178 | $27.7M | Reduce -0.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.63% | 514,694 | $27.0M | Add +9.9% |
| XOM Exxon Mobil Corp. | 0.63% | 224,582 | $26.7M | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 0.62% | 169,630 | $26.5M | Reduce -4.2% |
| BSX Boston Scientific Corp. | 0.55% | 232,965 | $23.5M | Add +242.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.55% | 456,800 | $23.3M | Reduce -6.7% |
| ORLY O'reilly Automotive Inc. | 0.53% | 15,748 | $22.6M | Add +18.4% |
| ABT Abbott Laboratories | 0.52% | 166,966 | $22.1M | Add +5.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.51% | 261,424 | $21.6M | Reduce -21.6% |
| SCHD Schwab US DVD Equity ETF | 0.51% | 772,812 | $21.6M | Reduce -5.3% |
| MBB iShares MBS ETF | 0.48% | 217,054 | $20.4M | Add +8.0% |
| ORCL Oracle Corp. | 0.46% | 141,163 | $19.7M | Add +5.5% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.46% | 79,805 | $19.5M | Add +3.5% |
| IAU iShares Gold Trust | 0.46% | 330,973 | $19.5M | Add +1.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.45% | 51,734 | $19.2M | Reduce -11.1% |
| JNJ Johnson & Johnson | 0.44% | 113,910 | $18.9M | Reduce -4.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.43% | 228,400 | $18.4M | Add +6.6% |
| JPST JPMorgan Ultra-Short Income | 0.43% | 360,212 | $18.2M | Add +22.4% |
| BMY Bristol-Myers Squibb Co. | 0.40% | 278,549 | $17.0M | Add +7.0% |
| OEF iShares S&P 100 ETF | 0.38% | 60,204 | $16.3M | Reduce -40.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.38% | 132,136 | $16.1M | Add +12.9% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.38% | 191,685 | $16.1M | Add +9.8% |
| WM Waste Management Inc. | 0.37% | 69,158 | $16.0M | Reduce -3.4% |
| XLB SS Materials Select Sector | 0.35% | 175,859 | $15.1M | Add +4.8% |
| CMI Cummins Inc. | 0.34% | 46,981 | $14.7M | Add +19.0% |
| HD Home Depot Inc. | 0.34% | 40,137 | $14.7M | Reduce -47.5% |
| XLV SS Health Care Select Sector | 0.33% | 97,355 | $14.2M | Add +4.8% |
| XLE SS Energy Select Sector | 0.33% | 150,934 | $14.1M | Reduce -0.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.33% | 51,052 | $14.0M | Reduce -0.3% |
| HWM Howmet Aerospace Inc. | 0.32% | 105,647 | $13.7M | New |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.32% | 309,340 | $13.7M | Add +5.9% |
| VIG Vanguard Dividend Apprec ETF | 0.32% | 69,758 | $13.5M | Reduce -0.8% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 128,491 | $13.4M | Reduce -5.4% |
| VHT Vanguard Health Care ETF | 0.31% | 50,667 | $13.4M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.31% | 78,284 | $13.3M | Reduce -24.7% |
| IWF iShares Russell 1000 Growth | 0.31% | 36,616 | $13.2M | Reduce -6.5% |
| CSCO Cisco Systems Inc. | 0.30% | 210,034 | $13.0M | Reduce -1.7% |
| SO The Southern Co. | 0.30% | 140,381 | $12.9M | Reduce -16.8% |
| TMUS T-Mobile US Inc. | 0.30% | 48,258 | $12.9M | Add +14.8% |
| SUB iShares Short-Term National | 0.30% | 119,462 | $12.6M | Add +13.4% |
| DE Deere & Co. | 0.29% | 26,588 | $12.5M | Reduce -2.7% |
| CVX Chevron Corp. | 0.29% | 74,452 | $12.5M | Reduce -4.0% |
| AMGN Amgen Inc. | 0.29% | 39,929 | $12.4M | Add +11.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.29% | 204,924 | $12.4M | Add +3.6% |
| FICO Fair Isaac Corp. | 0.28% | 6,464 | $11.9M | New |
| CAT Caterpillar Inc. | 0.28% | 35,865 | $11.8M | Reduce -7.0% |
| VGIT Vanguard Intermediate-Term T | 0.27% | 196,944 | $11.7M | Add +8.4% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.27% | 227,117 | $11.6M | Add +249.5% |
| ACN Accenture PLC Class A | 0.27% | 37,208 | $11.6M | Reduce -2.3% |
| ISRG Intuitive Surgical Inc. | 0.27% | 23,026 | $11.4M | Add +157.2% |
| MUB iShares National Muni Bond E | 0.26% | 104,634 | $11.0M | Add +4.0% |
| MCD McDonald's Corp. | 0.25% | 34,816 | $10.9M | Reduce -7.0% |
| COR Cencora Inc. | 0.25% | 39,014 | $10.8M | Reduce -2.9% |
| ZTS Zoetis Inc. | 0.25% | 65,541 | $10.8M | Reduce -24.6% |
| SYK Stryker Corp. | 0.25% | 28,598 | $10.6M | Add +5.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 248,632 | $10.4M | Reduce -1.7% |
| NEE Nextera Energy Inc. | 0.24% | 144,116 | $10.2M | Reduce -3.5% |
| PEP Pepsico Inc. | 0.22% | 63,995 | $9.6M | Reduce -21.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.22% | 95,387 | $9.4M | Add +9.4% |
| XLC SS Comm Select Sector SPDR | 0.22% | 96,201 | $9.3M | Reduce -36.1% |
| ABBV Abbvie Inc. | 0.22% | 44,244 | $9.3M | Add +8.3% |
| VOO Vanguard S&P 500 ETF | 0.22% | 18,027 | $9.3M | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 37,189 | $9.2M | Reduce -19.3% |
| VXF Vanguard Extended Market ETF | 0.22% | 53,559 | $9.2M | Reduce -2.2% |
| WMT Walmart Inc. | 0.21% | 103,701 | $9.1M | Add +43.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.21% | 115,123 | $9.1M | Add +6.2% |
| XLI SS Industrial Select Sector | 0.21% | 69,197 | $9.1M | Reduce -2.1% |
| TLT iShares 20+ Year Treasury BD | 0.21% | 97,345 | $8.9M | New |
Options reported separately and not counted above: INVESCO QQQ TR calls ($1.2M), INVESCO QQQ TR puts ($891K), NVIDIA CORPORATION puts ($704K), MICROSOFT CORP puts ($563K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $716K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 17,625 | $716K | Reduce -2.9% |
Total filed on the 13F, all lines: $4.3B.
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -18.2% | 1.93% | −0.68 |
| NVDA Nvidia Corp. | Reduce -22.3% | 0.94% | −0.53 |
| AAPL Apple Inc. | Reduce -0.3% | 3.47% | −0.39 |
| CRM Salesforce Inc. | Reduce -87.0% | 0.05% | −0.38 |
| AVGO Broadcom Inc. | Reduce -2.9% | 0.93% | −0.38 |
| GOOGL Alphabet Inc. Class A | Reduce -20.4% | 0.71% | −0.36 |
| RACE Ferrari NV | Reduce -93.3% | 0.03% | −0.36 |
| BLK BlackRock Inc. | Reduce -79.4% | 0.08% | −0.34 |
| HD Home Depot Inc. | Reduce -47.5% | 0.34% | −0.34 |
| CTAS Cintas Corp. | Reduce -84.3% | 0.07% | −0.32 |
| ETN Eaton Corp. PLC | Reduce -80.3% | 0.06% | −0.32 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -88.6% | 0.04% | −0.31 |
| PNR Pentair PLC | Reduce -62.4% | 0.15% | −0.29 |
| OEF iShares S&P 100 ETF | Reduce -40.3% | 0.38% | −0.29 |
| LLY Eli Lilly & Co. | Reduce -28.8% | 0.77% | −0.23 |
| ANET Arista Networks Inc. | Reduce -78.8% | 0.03% | −0.19 |
| NOW ServiceNow Inc. | Reduce -34.0% | 0.17% | −0.17 |
| GNRC Generac Holdings Inc. | Reduce -91.7% | 0.01% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -4.2% | 0.62% | −0.16 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -21.6% | 0.51% | −0.12 |
| XLC SS Comm Select Sector SPDR | Reduce -36.1% | 0.22% | −0.12 |
| UNH Unitedhealth Group Inc. | Reduce -39.5% | 0.21% | −0.12 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.10 |
| IWM iShares Russell 2000 ETF | Reduce -2.3% | 0.89% | −0.10 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -11.1% | 0.45% | −0.10 |
| ROP Roper Technologies Inc. | Reduce -73.4% | 0.04% | −0.09 |
| APP AppLovin Corp. Class A | Reduce -32.2% | 0.12% | −0.09 |
| EMN Eastman Chemical Co. | Reduce -94.6% | 0.01% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -24.7% | 0.31% | −0.09 |
| MTBA Simplify MBS ETF | Sold out | 0.00% | −0.08 |
| TSLA Tesla Inc. | Reduce -16.2% | 0.09% | −0.08 |
| XLK SS Technology Select Sector | Reduce -0.8% | 0.65% | −0.08 |
| ZTS Zoetis Inc. | Reduce -24.6% | 0.25% | −0.07 |
| GWW WW Grainger Inc. | Reduce -91.2% | 0.01% | −0.07 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.07 |
| XMUIX BlackRock Municipal Income | Sold out | 0.00% | −0.07 |
| TTD Trade Desk Inc./the Class A | Reduce -72.3% | 0.01% | −0.06 |
| PEP Pepsico Inc. | Reduce -21.5% | 0.22% | −0.06 |
| PLTR Palantir Technologies Inc. Class A | Reduce -53.8% | 0.06% | −0.05 |
| IWF iShares Russell 1000 Growth | Reduce -6.5% | 0.31% | −0.05 |
| PFF iShares Preferred & Income S | Reduce -5.3% | 0.79% | −0.05 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.9% | 0.90% | −0.05 |
| IJR iShares Core S&P Small-Cap E | Reduce -5.4% | 0.31% | −0.05 |
| CAT Caterpillar Inc. | Reduce -7.0% | 0.28% | −0.05 |
| LULU Lululemon Athletica Inc. | Reduce -58.0% | 0.02% | −0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -9.1% | 0.67% | −0.04 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -72.8% | 0.01% | −0.04 |
| ACN Accenture PLC Class A | Reduce -2.3% | 0.27% | −0.04 |
| QGRO American Century US Quality | Reduce -14.9% | 0.15% | −0.03 |
| AXON Axon Enterprise Inc. | Reduce -46.8% | 0.03% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +35.8% | 3.97% | +1.10 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +259.2% | 0.69% | +0.51 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +32.3% | 1.20% | +0.44 |
| JPM JPMorgan Chase & Co. | Add +34.0% | 1.47% | +0.42 |
| BSX Boston Scientific Corp. | Add +242.5% | 0.55% | +0.41 |
| HWM Howmet Aerospace Inc. | New | 0.32% | +0.32 |
| FICO Fair Isaac Corp. | New | 0.28% | +0.28 |
| TLT iShares 20+ Year Treasury BD | New | 0.21% | +0.21 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +249.5% | 0.27% | +0.19 |
| AJG Arthur J Gallagher & Co. | Add +4.0% | 0.76% | +0.17 |
| ORLY O'reilly Automotive Inc. | Add +18.4% | 0.53% | +0.17 |
| ISRG Intuitive Surgical Inc. | Add +157.2% | 0.27% | +0.16 |
| PGR Progressive Corp. | Add +1.1% | 0.85% | +0.15 |
| ROL Rollins Inc. | New | 0.15% | +0.15 |
| GE General Electric | Add +285.6% | 0.16% | +0.13 |
| V Visa Inc. Class A | Add +1.5% | 0.99% | +0.12 |
| PAYC Paycom Software Inc. | New | 0.11% | +0.11 |
| VRSK Verisk Analytics Inc. | Add +783.1% | 0.12% | +0.11 |
| ABT Abbott Laboratories | Add +5.9% | 0.52% | +0.11 |
| BKR Baker Hughes Co. | New | 0.11% | +0.11 |
| PM Philip Morris International | Add +93.2% | 0.17% | +0.10 |
| EWG iShares MSCI Germany ETF | New | 0.10% | +0.10 |
| NEM Newmont Corp. | Add +1096.7% | 0.10% | +0.09 |
| TMUS T-Mobile US Inc. | Add +14.8% | 0.30% | +0.09 |
| JPST JPMorgan Ultra-Short Income | Add +22.4% | 0.43% | +0.09 |
| IAU iShares Gold Trust | Add +1.5% | 0.46% | +0.09 |
| PTC PTC Inc. | New | 0.08% | +0.08 |
| AMGN Amgen Inc. | Add +11.0% | 0.29% | +0.08 |
| VXUS Vanguard Total Intl Stock | Add +3.0% | 0.80% | +0.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +9.9% | 0.63% | +0.07 |
| INCY Incyte Corp. | New | 0.07% | +0.07 |
| TDG Transdigm Group Inc. | New | 0.07% | +0.07 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +6.3% | 0.76% | +0.07 |
| ASTS Ast Spacemobile Inc. | New | 0.07% | +0.07 |
| BNY Bank of New York Mellon Corp. | Add +9.8% | 0.38% | +0.07 |
| WMT Walmart Inc. | Add +43.5% | 0.21% | +0.06 |
| SPOT Spotify Technology SA | Add +192.4% | 0.09% | +0.06 |
| COST Costco Wholesale Corp. | Add +0.2% | 1.24% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +7.0% | 0.40% | +0.06 |
| ICE Intercontinental Exchange Inc. | Add +267.6% | 0.07% | +0.06 |
| MDT Medtronic PLC | Add +41.5% | 0.15% | +0.06 |
| RSP Invesco S&P 500 Equal Weight | Add +2.8% | 1.67% | +0.05 |
| CBOE Cboe Global Markets Inc. | Add +23.7% | 0.17% | +0.05 |
| MBB iShares MBS ETF | Add +8.0% | 0.48% | +0.05 |
| TJX TJX Companies Inc. | Add +12.9% | 0.38% | +0.05 |
| ROKU Roku Inc. | New | 0.05% | +0.05 |
| TAP Molson Coors Beverage Co. Class B | New | 0.05% | +0.05 |
| ABBV Abbvie Inc. | Add +8.3% | 0.22% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Add +37.0% | 0.12% | +0.05 |
| TSAT Telesat Corp. | New | 0.04% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| INVESCO QQQ TR | call | New | 2,500 | $1.2M |
| INVESCO QQQ TR | put | Reduce -77.4% | 1,900 | $891K |
| NVIDIA CORPORATION | put | Add +150.0% | 6,500 | $704K |
| MICROSOFT CORP | put | Add +50.0% | 1,500 | $563K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -2.9% | 17,625 | $716K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 769 | $5.2B | IVV, AAPL, KLAC, SPDW, BIL |
| Q1 2026Amended | 760 | $4.6B | IVV, AAPL, BIL, MSFT, KLAC |
| Q4 2025Amended | 771 | $5.6B | KLAC, IVV, AAPL, MSFT, BIL |
| Q3 2025Amended | 642 | $5.0B | KLAC, IVV, AAPL, MSFT, BIL |
| Q2 2025 | 758 | $4.7B | KLAC, IVV, MSFT, AAPL, BIL |
| Q1 2025 | 744 | $4.3B | KLAC, BIL, IVV, AAPL, MSFT |
| Q4 2024 | 744 | $4.3B | KLAC, AAPL, IVV, BIL, MSFT |
| Q3 2024 | 723 | $4.4B | KLAC, AAPL, IVV, MSFT, BIL |
| Q2 2024 | 710 | $4.2B | KLAC, IVV, AAPL, MSFT, BIL |
| Q1 2024 | 718 | $4.0B | KLAC, IVV, MSFT, AAPL, BIL |