Dakota Wealth Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Dakota Wealth Management reported 758 stock positions worth $4.7 billion. Its top holding was KLA (KLAC) at 16.5% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 3.5%) and Microsoft (MSFT, 2.6%). Compared with Q1 2025, it opened 74 new positions, sold out of 60, added to 274 and reduced 333. The biggest buy was Microsoft (MSFT, shares +12%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- PALM BEACH GARDENS, FL
- CIK
- 0001631353
- Portfolio Value
- $4.7B (Q2 2025)
- SEC Filing
- 0001951757-25-000874 ↗ filed Jul 16, 2025
Holdings Value
Holdings 758 stocks · $4.7B
| KLAC KLA Corp. | 16.49% | 874,187 | $783.0M | Reduce -0.4% |
| IVV iShares Core S&P 500 ETF | 3.53% | 269,665 | $167.4M | Reduce -1.1% |
| MSFT Microsoft Corp. | 2.57% | 245,391 | $122.1M | Add +11.5% |
| AAPL Apple Inc. | 2.52% | 582,071 | $119.4M | Reduce -12.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.46% | 1,275,573 | $117.0M | Reduce -30.9% |
| AMZN Amazon.com Inc. | 1.79% | 386,743 | $84.8M | Reduce -6.4% |
| JPM JPMorgan Chase & Co. | 1.54% | 252,486 | $73.2M | Reduce -1.6% |
| RSP Invesco S&P 500 Equal Weight | 1.46% | 380,120 | $69.1M | Reduce -7.7% |
| NVDA Nvidia Corp. | 1.40% | 420,839 | $66.5M | Add +13.7% |
| META Meta Platforms Inc. Class A | 1.20% | 76,870 | $56.7M | Reduce -23.1% |
| COST Costco Wholesale Corp. | 1.15% | 54,939 | $54.4M | Reduce -2.1% |
| V Visa Inc. Class A | 1.09% | 146,416 | $52.0M | Add +21.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.05% | 80,705 | $49.9M | Add +6.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.00% | 1,118,045 | $47.6M | Add +25.3% |
| QQQ Invesco QQQ Trust Series 1 | 1.00% | 85,644 | $47.2M | Add +25.7% |
| NFLX Netflix Inc. | 0.96% | 33,947 | $45.5M | Reduce -13.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.94% | 1,106,640 | $44.8M | Add +37.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.92% | 817,563 | $43.6M | Add +32.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.92% | 89,554 | $43.5M | Reduce -6.6% |
| IWR iShares Russell Mid-Cap ETF | 0.85% | 439,991 | $40.5M | Reduce -2.6% |
| XLF SS Financial Select Sector | 0.85% | 767,591 | $40.2M | Reduce -1.6% |
| VXUS Vanguard Total Intl Stock | 0.84% | 575,147 | $39.7M | Add +4.5% |
| IWM iShares Russell 2000 ETF | 0.83% | 182,372 | $39.4M | Reduce -4.0% |
| AVGO Broadcom Inc. | 0.78% | 134,077 | $37.0M | Reduce -43.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.76% | 687,177 | $36.3M | Add +33.5% |
| GOOGL Alphabet Inc. Class A | 0.71% | 190,536 | $33.6M | Reduce -2.4% |
| XLK SS Technology Select Sector | 0.70% | 131,617 | $33.3M | Reduce -1.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.70% | 635,558 | $33.3M | Add +39.1% |
| PFF iShares Preferred & Income S | 0.70% | 1,083,281 | $33.2M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.70% | 151,381 | $33.1M | Add +7.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.69% | 343,675 | $32.8M | Add +50.5% |
| AGG iShares Core U.S. Aggregate | 0.69% | 329,260 | $32.7M | Add +11.6% |
| TIP iShares Tips Bond ETF | 0.65% | 279,581 | $30.8M | Reduce -0.9% |
| CAT Caterpillar Inc. | 0.62% | 75,704 | $29.4M | Add +111.1% |
| GOOG Alphabet Inc. Class C | 0.62% | 165,555 | $29.4M | Reduce -2.4% |
| LLY Eli Lilly & Co. | 0.60% | 36,638 | $28.6M | Reduce -8.3% |
| MBB iShares MBS ETF | 0.59% | 300,740 | $28.2M | Add +38.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.57% | 84,309 | $27.0M | Reduce -10.5% |
| XOM Exxon Mobil Corp. | 0.56% | 245,542 | $26.5M | Add +9.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.55% | 316,095 | $26.2M | Add +20.9% |
| BSX Boston Scientific Corp. | 0.54% | 238,666 | $25.6M | Add +2.5% |
| SPOT Spotify Technology SA | 0.52% | 32,392 | $24.9M | Add +383.5% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.51% | 85,688 | $24.4M | Add +7.4% |
| ABT Abbott Laboratories | 0.51% | 178,187 | $24.2M | Add +6.7% |
| WM Waste Management Inc. | 0.50% | 104,330 | $23.9M | Add +50.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.50% | 80,851 | $23.8M | Add +117.4% |
| PGR Progressive Corp. | 0.49% | 87,505 | $23.4M | Reduce -31.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.45% | 49,108 | $21.5M | Reduce -5.1% |
| IAU iShares Gold Trust | 0.45% | 344,512 | $21.5M | Add +4.1% |
| JPST JPMorgan Ultra-Short Income | 0.45% | 423,600 | $21.5M | Add +17.6% |
| ORLY O'reilly Automotive Inc. | 0.42% | 220,681 | $19.9M | Reduce -6.6% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.40% | 347,726 | $18.9M | Add +53.1% |
| HWM Howmet Aerospace Inc. | 0.38% | 97,670 | $18.2M | Reduce -7.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.37% | 100,702 | $17.8M | Reduce -39.3% |
| JNJ Johnson & Johnson | 0.36% | 112,201 | $17.1M | Reduce -1.5% |
| XLB SS Materials Select Sector | 0.34% | 183,307 | $16.1M | Add +4.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.34% | 176,611 | $16.1M | Reduce -7.9% |
| CSCO Cisco Systems Inc. | 0.34% | 230,736 | $16.0M | Add +9.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 52,549 | $16.0M | Add +2.9% |
| IWF iShares Russell 1000 Growth | 0.33% | 36,469 | $15.5M | Reduce -0.4% |
| VGIT Vanguard Intermediate-Term T | 0.32% | 252,094 | $15.1M | Add +28.0% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 57,201 | $14.7M | Add +66.2% |
| VIG Vanguard Dividend Apprec ETF | 0.31% | 70,963 | $14.5M | Add +1.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 117,447 | $14.5M | Reduce -11.1% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.30% | 333,498 | $14.2M | Add +7.8% |
| NEM Newmont Corp. | 0.30% | 242,143 | $14.1M | Add +180.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.29% | 27,294 | $13.9M | Add +406.0% |
| CASY Casey's General Stores Inc. | 0.29% | 26,667 | $13.6M | Add +2342.0% |
| SCHD Schwab US DVD Equity ETF | 0.29% | 511,699 | $13.6M | Reduce -33.8% |
| MCK McKesson Corp. | 0.28% | 18,448 | $13.5M | Add +1117.7% |
| HD Home Depot Inc. | 0.28% | 36,218 | $13.3M | Reduce -9.8% |
| DE Deere & Co. | 0.28% | 25,912 | $13.2M | Reduce -2.5% |
| TMUS T-Mobile US Inc. | 0.27% | 54,329 | $12.9M | Add +12.6% |
| SO The Southern Co. | 0.27% | 140,307 | $12.9M | Reduce -0.1% |
| XLV SS Health Care Select Sector | 0.27% | 95,123 | $12.8M | Reduce -2.3% |
| SUB iShares Short-Term National | 0.26% | 117,055 | $12.4M | Reduce -2.0% |
| SYK Stryker Corp. | 0.26% | 31,408 | $12.4M | Add +9.8% |
| XLE SS Energy Select Sector | 0.26% | 146,052 | $12.4M | Reduce -3.2% |
| SAP Sap SE-Sponsored ADR | 0.26% | 40,164 | $12.2M | Add +1201.1% |
| AMGN Amgen Inc. | 0.26% | 43,417 | $12.1M | Add +8.7% |
| PG The Procter & Gamble Co. | 0.25% | 75,820 | $12.1M | Reduce -3.1% |
| MELI MercadoLibre Inc. | 0.25% | 4,556 | $11.9M | Add +309.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 95,082 | $11.8M | Reduce -0.3% |
| TLT iShares 20+ Year Treasury BD | 0.25% | 133,239 | $11.8M | Add +36.9% |
| MUB iShares National Muni Bond E | 0.25% | 112,038 | $11.7M | Add +7.1% |
| GS Goldman Sachs Group Inc. | 0.24% | 16,310 | $11.5M | Add +2.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 240,400 | $11.4M | Reduce -3.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.24% | 169,155 | $11.4M | Reduce -17.4% |
| COR Cencora Inc. | 0.24% | 37,756 | $11.3M | Reduce -3.2% |
| ACN Accenture PLC Class A | 0.23% | 36,866 | $11.0M | Reduce -0.9% |
| EZU iShares MSCI Eurozone ETF | 0.22% | 179,490 | $10.7M | New |
| CVX Chevron Corp. | 0.22% | 72,280 | $10.3M | Reduce -2.9% |
| VOO Vanguard S&P 500 ETF | 0.21% | 17,809 | $10.1M | Reduce -1.2% |
| COF Capital One Financial Corp. | 0.21% | 47,500 | $10.1M | Add +2.0% |
| MCD McDonald's Corp. | 0.21% | 34,478 | $10.1M | Reduce -1.0% |
| XLI SS Industrial Select Sector | 0.21% | 67,989 | $10.0M | Reduce -1.8% |
| XLC SS Comm Select Sector SPDR | 0.21% | 91,094 | $9.9M | Reduce -5.3% |
| WMT Walmart Inc. | 0.21% | 100,877 | $9.9M | Reduce -2.7% |
| ZTS Zoetis Inc. | 0.20% | 61,621 | $9.6M | Reduce -6.0% |
| NOW ServiceNow Inc. | 0.20% | 9,285 | $9.5M | Add +3.1% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $1.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 13,700 | $913K | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 19,760 | $785K | Add +12.1% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 25,000 | $25K | New |
Total filed on the 13F, all lines: $4.7B.
Portfolio Sells Q1 2025 → Q2 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -30.9% | 2.46% | −1.50 |
| AAPL Apple Inc. | Reduce -12.9% | 2.52% | −0.96 |
| PGR Progressive Corp. | Reduce -31.4% | 0.49% | −0.35 |
| BMY Bristol-Myers Squibb Co. | Reduce -78.5% | 0.06% | −0.34 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -39.3% | 0.37% | −0.30 |
| OEF iShares S&P 100 ETF | Reduce -76.4% | 0.09% | −0.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.6% | 0.92% | −0.28 |
| FICO Fair Isaac Corp. | Reduce -84.5% | 0.04% | −0.24 |
| SCHD Schwab US DVD Equity ETF | Reduce -33.8% | 0.29% | −0.22 |
| RSP Invesco S&P 500 Equal Weight | Reduce -7.7% | 1.46% | −0.22 |
| CMI Cummins Inc. | Reduce -58.8% | 0.13% | −0.21 |
| AJG Arthur J Gallagher & Co. | Reduce -10.5% | 0.57% | −0.19 |
| LLY Eli Lilly & Co. | Reduce -8.3% | 0.60% | −0.17 |
| AVGO Broadcom Inc. | Reduce -43.7% | 0.78% | −0.16 |
| META Meta Platforms Inc. Class A | Reduce -23.1% | 1.20% | −0.15 |
| ADBE Adobe Inc. | Reduce -76.0% | 0.04% | −0.14 |
| IJR iShares Core S&P Small-Cap E | Reduce -38.8% | 0.18% | −0.13 |
| VHT Vanguard Health Care ETF | Reduce -28.9% | 0.19% | −0.13 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -66.5% | 0.06% | −0.12 |
| ISRG Intuitive Surgical Inc. | Reduce -43.6% | 0.15% | −0.12 |
| IHI iShares U.S. Medical Devices | Reduce -72.5% | 0.04% | −0.12 |
| VXF Vanguard Extended Market ETF | Reduce -53.6% | 0.10% | −0.12 |
| ORLY O'reilly Automotive Inc. | Reduce -6.6% | 0.42% | −0.11 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.11 |
| UNH Unitedhealth Group Inc. | Reduce -5.5% | 0.10% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -2.1% | 1.15% | −0.10 |
| PFF iShares Preferred & Income S | Reduce -1.6% | 0.70% | −0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -70.3% | 0.03% | −0.09 |
| SCHO Schwab Short-Term US Treas | Reduce -42.6% | 0.09% | −0.09 |
| TIP iShares Tips Bond ETF | Reduce -0.9% | 0.65% | −0.09 |
| RSPU Invesco S&P 500 Equal Weight | Reduce -61.9% | 0.05% | −0.08 |
| JNJ Johnson & Johnson | Reduce -1.5% | 0.36% | −0.08 |
| CVX Chevron Corp. | Reduce -2.9% | 0.22% | −0.07 |
| INCY Incyte Corp. | Sold out | 0.00% | −0.07 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.07 |
| TJX TJX Companies Inc. | Reduce -11.1% | 0.31% | −0.07 |
| TFC Truist Financial Corp. | Reduce -51.9% | 0.06% | −0.07 |
| XLE SS Energy Select Sector | Reduce -3.2% | 0.26% | −0.07 |
| PEP Pepsico Inc. | Reduce -11.4% | 0.16% | −0.07 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.07 |
| HD Home Depot Inc. | Reduce -9.8% | 0.28% | −0.06 |
| XLF SS Financial Select Sector | Reduce -1.6% | 0.85% | −0.06 |
| XLV SS Health Care Select Sector | Reduce -2.3% | 0.27% | −0.06 |
| NAD Nuveen Quality Municipal Inc. | Reduce -78.4% | 0.01% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -1.1% | 3.53% | −0.06 |
| IWM iShares Russell 2000 ETF | Reduce -4.0% | 0.83% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -3.1% | 0.25% | −0.06 |
| VRT Vertiv Holdings Co. Class A | Reduce -87.9% | 0.01% | −0.05 |
| ARM Arm Holdings PLC-ADR | Reduce -92.2% | 0.01% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -6.4% | 1.79% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +11.5% | 2.57% | +0.64 |
| NVDA Nvidia Corp. | Add +13.7% | 1.40% | +0.46 |
| SPOT Spotify Technology SA | Add +383.5% | 0.52% | +0.44 |
| CAT Caterpillar Inc. | Add +111.1% | 0.62% | +0.34 |
| IBM Intl Business Machines Corp. | Add +117.4% | 0.50% | +0.29 |
| CASY Casey's General Stores Inc. | Add +2342.0% | 0.29% | +0.28 |
| MCK McKesson Corp. | Add +1117.7% | 0.28% | +0.26 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +50.5% | 0.69% | +0.26 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +37.3% | 0.94% | +0.26 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +406.0% | 0.29% | +0.25 |
| QQQ Invesco QQQ Trust Series 1 | Add +25.7% | 1.00% | +0.25 |
| SAP Sap SE-Sponsored ADR | Add +1201.1% | 0.26% | +0.24 |
| ORCL Oracle Corp. | Add +7.2% | 0.70% | +0.23 |
| EZU iShares MSCI Eurozone ETF | New | 0.22% | +0.22 |
| MELI MercadoLibre Inc. | Add +309.3% | 0.25% | +0.20 |
| NEM Newmont Corp. | Add +180.7% | 0.30% | +0.20 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +32.9% | 0.92% | +0.16 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +39.1% | 0.70% | +0.15 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +25.3% | 1.00% | +0.15 |
| GE General Electric | Add +66.2% | 0.31% | +0.15 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +33.5% | 0.76% | +0.13 |
| CRM Salesforce Inc. | Add +321.6% | 0.18% | +0.13 |
| WM Waste Management Inc. | Add +50.9% | 0.50% | +0.13 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +53.1% | 0.40% | +0.13 |
| MBB iShares MBS ETF | Add +38.6% | 0.59% | +0.12 |
| WRB WR Berkley Corp. | New | 0.12% | +0.12 |
| EMBJ Embraer SA-Spon ADR | New | 0.11% | +0.11 |
| V Visa Inc. Class A | Add +21.6% | 1.09% | +0.11 |
| DPZ Domino's Pizza Inc. | New | 0.11% | +0.11 |
| AMD Advanced Micro Devices | Add +706.2% | 0.11% | +0.10 |
| ICE Intercontinental Exchange Inc. | Add +117.0% | 0.15% | +0.08 |
| WMB Williams Cos Inc. | Add +299.2% | 0.10% | +0.08 |
| ANET Arista Networks Inc. | Add +172.0% | 0.11% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.9% | 1.05% | +0.06 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +7.4% | 0.51% | +0.06 |
| GRAL Grail Inc. | New | 0.06% | +0.06 |
| EVRG Evergy Inc. | New | 0.05% | +0.05 |
| VOYG Voyager Technologies Inc. Class A | New | 0.05% | +0.05 |
| T AT&T Inc. | Add +132.3% | 0.09% | +0.05 |
| SHY iShares 1-3 Year Treasury Bo | Add +20.9% | 0.55% | +0.05 |
| SNOW Snowflake Inc. | Add +8.3% | 0.13% | +0.04 |
| VGIT Vanguard Intermediate-Term T | Add +28.0% | 0.32% | +0.04 |
| RCL Royal Caribbean Cruises Ltd. | Add +60.1% | 0.08% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +2.9% | 0.24% | +0.04 |
| TLT iShares 20+ Year Treasury BD | Add +36.9% | 0.25% | +0.04 |
| AMCR Amcor PLC | New | 0.04% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +15.0% | 0.20% | +0.04 |
| VXUS Vanguard Total Intl Stock | Add +4.5% | 0.84% | +0.04 |
| TEM Tempus AI Inc. Class A | Add +67.8% | 0.07% | +0.04 |
| CSCO Cisco Systems Inc. | Add +9.9% | 0.34% | +0.03 |
Options Activity Q1 2025 → Q2 2025
| INVESCO QQQ TR | call | Sold out | 2,500 | $1.2Mbefore exit |
| INVESCO QQQ TR | put | Sold out | 1,900 | $891Kbefore exit |
| NVIDIA CORPORATION | put | Sold out | 6,500 | $704Kbefore exit |
| MICROSOFT CORP | put | Sold out | 1,500 | $563Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 13,700 | $913K |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +12.1% | 19,760 | $785K |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | New | 25,000 | $25K |
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 |