Dakota Wealth Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed August 26, 2026), Dakota Wealth Management reported 642 stock positions worth $5.0 billion. Its top holding was KLA (KLAC) at 19.0% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 3.6%) and Apple (AAPL, 3.0%). Compared with Q2 2025, it opened 46 new positions, sold out of 162, added to 177 and reduced 355. The biggest buy was a new position in Dakota Active Equity ETF (DAK) and the biggest sale Arthur J Gallagher (AJG, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- PALM BEACH GARDENS, FL
- CIK
- 0001631353
- Portfolio Value
- $5.0B (Q3 2025)
- SEC Filing
- 0001951757-26-001605 ↗ filed Aug 26, 2026
Holdings Value
Holdings 642 stocks · $5.0B
| KLAC KLA Corp. | 19.00% | 873,092 | $941.7M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 3.59% | 265,941 | $178.0M | Reduce -1.4% |
| AAPL Apple Inc. | 2.98% | 579,952 | $147.7M | Reduce -0.4% |
| MSFT Microsoft Corp. | 2.47% | 235,980 | $122.2M | Reduce -3.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.40% | 1,298,260 | $119.1M | Add +1.8% |
| AMZN Amazon.com Inc. | 1.56% | 353,256 | $77.6M | Reduce -8.7% |
| JPM JPMorgan Chase & Co. | 1.52% | 238,930 | $75.4M | Reduce -5.4% |
| RSP Invesco S&P 500 Equal Weight | 1.45% | 377,940 | $71.7M | Reduce -0.6% |
| NVDA Nvidia Corp. | 1.40% | 371,362 | $69.3M | Reduce -11.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.34% | 99,364 | $66.2M | Add +23.1% |
| META Meta Platforms Inc. Class A | 1.16% | 78,384 | $57.6M | Add +2.0% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.15% | 1,226,104 | $56.8M | Add +9.7% |
| GOOGL Alphabet Inc. Class A | 1.13% | 230,143 | $55.9M | Add +20.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.07% | 983,218 | $53.2M | Add +20.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.07% | 1,234,622 | $52.8M | Add +11.6% |
| COST Costco Wholesale Corp. | 0.99% | 53,103 | $49.2M | Reduce -3.3% |
| V Visa Inc. Class A | 0.95% | 137,545 | $47.0M | Reduce -6.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.90% | 74,494 | $44.7M | Reduce -13.0% |
| VXUS Vanguard Total Intl Stock | 0.87% | 583,680 | $42.9M | Add +1.5% |
| AGG iShares Core U.S. Aggregate | 0.84% | 413,171 | $41.4M | Add +25.5% |
| NFLX Netflix Inc. | 0.82% | 33,765 | $40.5M | Reduce -0.5% |
| XLF SS Financial Select Sector | 0.82% | 750,647 | $40.4M | Reduce -2.2% |
| IWM iShares Russell 2000 ETF | 0.81% | 165,492 | $40.0M | Reduce -9.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.80% | 744,548 | $39.5M | Add +8.3% |
| GOOG Alphabet Inc. Class C | 0.77% | 155,854 | $38.0M | Reduce -5.9% |
| AVGO Broadcom Inc. | 0.76% | 114,888 | $37.9M | Reduce -14.3% |
| IWR iShares Russell Mid-Cap ETF | 0.73% | 375,324 | $36.2M | Reduce -14.7% |
| DAK Dakota Active Equity ETF | 0.73% | 1,375,858 | $35.9M | New |
| XLK SS Technology Select Sector | 0.72% | 126,702 | $35.7M | Reduce -3.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.70% | 628,645 | $34.8M | Reduce -1.1% |
| MBB iShares MBS ETF | 0.70% | 363,649 | $34.6M | Add +20.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.68% | 322,109 | $33.7M | Reduce -6.3% |
| PFF iShares Preferred & Income S | 0.65% | 1,022,042 | $32.3M | Reduce -5.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 64,043 | $32.2M | Reduce -28.5% |
| CAT Caterpillar Inc. | 0.62% | 64,046 | $30.6M | Reduce -15.4% |
| CSCO Cisco Systems Inc. | 0.61% | 440,835 | $30.2M | Add +91.1% |
| XOM Exxon Mobil Corp. | 0.60% | 261,814 | $29.5M | Add +6.6% |
| ORCL Oracle Corp. | 0.59% | 103,505 | $29.1M | Reduce -31.6% |
| TIP iShares Tips Bond ETF | 0.58% | 258,238 | $28.7M | Reduce -7.6% |
| SHY iShares 1-3 Year Treasury Bo | 0.56% | 333,104 | $27.6M | Add +5.4% |
| ABT Abbott Laboratories | 0.55% | 202,797 | $27.2M | Add +13.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.51% | 86,458 | $25.4M | Add +0.9% |
| LLY Eli Lilly & Co. | 0.51% | 33,195 | $25.3M | Reduce -9.4% |
| IAU iShares Gold Trust | 0.50% | 343,132 | $25.0M | Reduce -0.4% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.50% | 431,190 | $24.7M | Add +24.0% |
| JPST JPMorgan Ultra-Short Income | 0.47% | 455,141 | $23.1M | Add +7.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.45% | 46,174 | $22.1M | Reduce -6.0% |
| HD Home Depot Inc. | 0.44% | 53,308 | $21.6M | Add +47.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.43% | 196,436 | $21.4M | Add +11.2% |
| NEM Newmont Corp. | 0.40% | 235,560 | $19.9M | Reduce -2.7% |
| JNJ Johnson & Johnson | 0.39% | 104,090 | $19.3M | Reduce -7.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 133,510 | $19.3M | Add +13.7% |
| PWR Quanta Services Inc. | 0.39% | 46,358 | $19.2M | Add +134.6% |
| GE General Electric filed as GE AEROSPACE | 0.38% | 63,026 | $19.0M | Add +10.2% |
| ORLY O'reilly Automotive Inc. | 0.36% | 165,177 | $17.8M | Reduce -25.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 53,784 | $17.7M | Add +2.4% |
| HWM Howmet Aerospace Inc. | 0.35% | 87,428 | $17.2M | Reduce -10.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.34% | 90,171 | $16.8M | Reduce -10.5% |
| APP AppLovin Corp. Class A | 0.33% | 23,055 | $16.6M | Add +14.8% |
| SPOT Spotify Technology SA | 0.33% | 23,726 | $16.6M | Reduce -26.8% |
| VGIT Vanguard Intermediate-Term T | 0.33% | 274,546 | $16.5M | Add +8.9% |
| EZU iShares MSCI Eurozone ETF | 0.33% | 263,258 | $16.3M | Add +46.7% |
| GS Goldman Sachs Group Inc. | 0.32% | 20,199 | $16.1M | Add +23.8% |
| IWF iShares Russell 1000 Growth | 0.32% | 34,336 | $16.1M | Reduce -5.8% |
| MDT Medtronic PLC | 0.30% | 156,715 | $14.9M | Add +109.5% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.30% | 338,982 | $14.9M | Add +1.6% |
| TMUS T-Mobile US Inc. | 0.30% | 61,268 | $14.7M | Add +12.8% |
| CASY Casey's General Stores Inc. | 0.29% | 25,847 | $14.6M | Reduce -3.1% |
| WM Waste Management Inc. | 0.29% | 65,816 | $14.5M | Reduce -36.9% |
| VIG Vanguard Dividend Apprec ETF | 0.29% | 66,526 | $14.4M | Reduce -6.3% |
| ANET Arista Networks Inc. | 0.29% | 97,283 | $14.2M | Add +89.0% |
| PGR Progressive Corp. | 0.26% | 52,941 | $13.1M | Reduce -39.5% |
| PG The Procter & Gamble Co. | 0.26% | 84,712 | $13.0M | Add +11.7% |
| TLT iShares 20+ Year Treasury BD | 0.26% | 145,246 | $13.0M | Add +9.0% |
| MUB iShares National Muni Bond E | 0.26% | 121,637 | $13.0M | Add +8.6% |
| SCHD Schwab US DVD Equity ETF | 0.26% | 463,298 | $12.6M | Reduce -9.5% |
| SUB iShares Short-Term National | 0.25% | 116,236 | $12.4M | Reduce -0.7% |
| CBOE Cboe Global Markets Inc. | 0.25% | 49,968 | $12.3M | Add +32.2% |
| QCOM Qualcomm Inc. | 0.24% | 72,729 | $12.1M | Add +159.4% |
| XLV SS Health Care Select Sector | 0.24% | 86,727 | $12.1M | Reduce -8.8% |
| BSX Boston Scientific Corp. | 0.24% | 122,602 | $12.0M | Reduce -48.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.24% | 163,765 | $11.7M | Reduce -3.2% |
| DE Deere & Co. | 0.23% | 25,110 | $11.5M | Reduce -3.1% |
| COR Cencora Inc. | 0.23% | 35,997 | $11.3M | Reduce -4.7% |
| CVX Chevron Corp. | 0.23% | 72,443 | $11.2M | Add +0.2% |
| XLE SS Energy Select Sector | 0.22% | 121,493 | $10.9M | Reduce -16.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.22% | 93,655 | $10.7M | Reduce -1.5% |
| SO The Southern Co. | 0.21% | 112,459 | $10.7M | Reduce -19.9% |
| PANW Palo Alto Networks Inc. | 0.21% | 52,287 | $10.6M | Add +14.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 37,049 | $10.5M | Reduce -54.2% |
| NEE Nextera Energy Inc. | 0.21% | 137,204 | $10.4M | Add +0.9% |
| XLI SS Industrial Select Sector | 0.21% | 66,965 | $10.3M | Reduce -1.5% |
| XLC SS Comm Select Sector SPDR | 0.21% | 86,132 | $10.2M | Reduce -5.5% |
| CB Chubb Ltd. | 0.20% | 35,998 | $10.2M | Add +13.8% |
| UBER Uber Technologies Inc. | 0.20% | 102,737 | $10.1M | Add +74.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 192,109 | $9.9M | Reduce -20.1% |
| XLB SS Materials Select Sector | 0.20% | 109,722 | $9.8M | Reduce -40.1% |
| GLD SPDR Gold Shares | 0.20% | 27,605 | $9.8M | Add +9.9% |
| ROL Rollins Inc. | 0.20% | 166,882 | $9.8M | Add +19.2% |
| ABBV Abbvie Inc. | 0.20% | 42,276 | $9.8M | Reduce -0.7% |
Options reported separately and not counted above: INVESCO QQQ TR puts ($5.5M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $852K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 14,000 | $826K | Add +2.2% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 25,000 | $25K | No change |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 11,872 | $927 | Reduce -14.6% |
Total filed on the 13F, all lines: $5.0B.
Portfolio Sells Q2 2025 → Q3 2025
| AJG Arthur J Gallagher & Co. | Reduce -63.6% | 0.19% | −0.38 |
| BSX Boston Scientific Corp. | Reduce -48.6% | 0.24% | −0.30 |
| IBM Intl Business Machines Corp. | Reduce -54.2% | 0.21% | −0.29 |
| MCK McKesson Corp. | Reduce -95.9% | 0.01% | −0.27 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -28.5% | 0.65% | −0.27 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.26 |
| PGR Progressive Corp. | Reduce -39.5% | 0.26% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -8.7% | 1.56% | −0.22 |
| WM Waste Management Inc. | Reduce -36.9% | 0.29% | −0.21 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -66.6% | 0.09% | −0.20 |
| SPOT Spotify Technology SA | Reduce -26.8% | 0.33% | −0.19 |
| SYK Stryker Corp. | Reduce -58.1% | 0.10% | −0.16 |
| COST Costco Wholesale Corp. | Reduce -3.3% | 0.99% | −0.15 |
| V Visa Inc. Class A | Reduce -6.1% | 0.95% | −0.15 |
| IT Gartner Inc. | Sold out | 0.00% | −0.14 |
| ABND Americn Cent Co. PL in ETF-US | Reduce -95.8% | 0.01% | −0.14 |
| NFLX Netflix Inc. | Reduce -0.5% | 0.82% | −0.14 |
| XLB SS Materials Select Sector | Reduce -40.1% | 0.20% | −0.14 |
| ICE Intercontinental Exchange Inc. | Reduce -88.8% | 0.02% | −0.14 |
| VRSK Verisk Analytics Inc. | Reduce -80.5% | 0.02% | −0.12 |
| IWR iShares Russell Mid-Cap ETF | Reduce -14.7% | 0.73% | −0.12 |
| ORCL Oracle Corp. | Reduce -31.6% | 0.59% | −0.11 |
| ISRG Intuitive Surgical Inc. | Reduce -63.9% | 0.04% | −0.11 |
| MSFT Microsoft Corp. | Reduce -3.8% | 2.47% | −0.10 |
| PM Philip Morris International | Reduce -44.4% | 0.09% | −0.10 |
| MELI MercadoLibre Inc. | Reduce -28.7% | 0.15% | −0.10 |
| EMBJ Embraer SA-Spon ADR | Reduce -85.4% | 0.02% | −0.10 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -13.0% | 0.90% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -9.4% | 0.51% | −0.09 |
| SNOW Snowflake Inc. | Reduce -65.2% | 0.04% | −0.09 |
| EWG iShares MSCI Germany ETF | Reduce -94.7% | 0.00% | −0.09 |
| ACN Accenture PLC Class A | Reduce -19.9% | 0.15% | −0.09 |
| WMB Williams Cos Inc. | Reduce -76.0% | 0.02% | −0.08 |
| KO The Coca-Cola Co. | Reduce -34.1% | 0.11% | −0.07 |
| ASTS Ast Spacemobile Inc. | Sold out | 0.00% | −0.07 |
| AMGN Amgen Inc. | Reduce -25.3% | 0.18% | −0.07 |
| TIP iShares Tips Bond ETF | Reduce -7.6% | 0.58% | −0.07 |
| IJR iShares Core S&P Small-Cap E | Reduce -39.5% | 0.11% | −0.07 |
| SFM Sprouts Farmers Market Inc. | Reduce -67.1% | 0.02% | −0.06 |
| ORLY O'reilly Automotive Inc. | Reduce -25.1% | 0.36% | −0.06 |
| SO The Southern Co. | Reduce -19.9% | 0.21% | −0.06 |
| ROKU Roku Inc. | Reduce -73.9% | 0.02% | −0.05 |
| TEM Tempus AI Inc. Class A | Reduce -75.8% | 0.02% | −0.05 |
| VOYG Voyager Technologies Inc. Class A | Sold out | 0.00% | −0.05 |
| PFF iShares Preferred & Income S | Reduce -5.7% | 0.65% | −0.05 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.05 |
| SCHO Schwab Short-Term US Treas | Reduce -48.2% | 0.05% | −0.05 |
| AFL Aflac Inc. | Reduce -82.8% | 0.01% | −0.05 |
| GRAL Grail Inc. | Reduce -84.3% | 0.01% | −0.05 |
| DE Deere & Co. | Reduce -3.1% | 0.23% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| DAK Dakota Active Equity ETF | New | 0.73% | +0.73 |
| GOOGL Alphabet Inc. Class A | Add +20.8% | 1.13% | +0.42 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +23.1% | 1.34% | +0.29 |
| CSCO Cisco Systems Inc. | Add +91.1% | 0.61% | +0.27 |
| PWR Quanta Services Inc. | Add +134.6% | 0.39% | +0.23 |
| APP AppLovin Corp. Class A | Add +14.8% | 0.33% | +0.19 |
| ANET Arista Networks Inc. | Add +89.0% | 0.29% | +0.18 |
| MDT Medtronic PLC | Add +109.5% | 0.30% | +0.16 |
| HD Home Depot Inc. | Add +47.2% | 0.44% | +0.16 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +20.3% | 1.07% | +0.16 |
| QCOM Qualcomm Inc. | Add +159.4% | 0.24% | +0.15 |
| AGG iShares Core U.S. Aggregate | Add +25.5% | 0.84% | +0.15 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +9.7% | 1.15% | +0.14 |
| MS Morgan Stanley | Add +366.4% | 0.16% | +0.13 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +11.6% | 1.07% | +0.12 |
| EL Estee Lauder Companies Class A | New | 0.12% | +0.12 |
| HOOD Robinhood Markets Inc. Class A | New | 0.12% | +0.12 |
| VRT Vertiv Holdings Co. Class A | Add +753.4% | 0.13% | +0.11 |
| EZU iShares MSCI Eurozone ETF | Add +46.7% | 0.33% | +0.10 |
| MBB iShares MBS ETF | Add +20.9% | 0.70% | +0.10 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +24.0% | 0.50% | +0.10 |
| BNY Bank of New York Mellon Corp. | Add +11.2% | 0.43% | +0.09 |
| UBER Uber Technologies Inc. | Add +74.5% | 0.20% | +0.09 |
| TJX TJX Companies Inc. | Add +13.7% | 0.39% | +0.08 |
| GS Goldman Sachs Group Inc. | Add +23.8% | 0.32% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +65.3% | 0.18% | +0.08 |
| EXPE Expedia Group Inc. | New | 0.08% | +0.08 |
| GE General Electric | Add +10.2% | 0.38% | +0.07 |
| CBOE Cboe Global Markets Inc. | Add +32.2% | 0.25% | +0.06 |
| PTC PTC Inc. | Add +31.3% | 0.16% | +0.05 |
| RMD Resmed Inc. | Add +44.5% | 0.15% | +0.05 |
| PFE Pfizer Inc. | Add +33.4% | 0.18% | +0.05 |
| SRE Sempra | Add +18.9% | 0.17% | +0.05 |
| GEN Gen Digital Inc. | Add +105.7% | 0.09% | +0.04 |
| BX Blackstone Inc. | Add +16.9% | 0.20% | +0.04 |
| UI Ubiquiti Inc. | New | 0.04% | +0.04 |
| MPWR Monolithic Power Systems Inc. | Add +83.8% | 0.07% | +0.04 |
| AMD Advanced Micro Devices | Add +24.8% | 0.15% | +0.04 |
| XOM Exxon Mobil Corp. | Add +6.6% | 0.60% | +0.04 |
| ABT Abbott Laboratories | Add +13.8% | 0.55% | +0.04 |
| GLD SPDR Gold Shares | Add +9.9% | 0.20% | +0.04 |
| PAUG Innovator U.S. Equity Power | Add +337.7% | 0.05% | +0.04 |
| ITOT iShares Core S&P Total U.S. | Add +32.3% | 0.12% | +0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +8.3% | 0.80% | +0.03 |
| ROL Rollins Inc. | Add +19.2% | 0.20% | +0.03 |
| LH Labcorp Holdings Inc. | Add +98.6% | 0.06% | +0.03 |
| IDXX Idexx Laboratories Inc. | Add +90.4% | 0.05% | +0.03 |
| VXUS Vanguard Total Intl Stock | Add +1.5% | 0.87% | +0.03 |
| LDOS Leidos Holdings Inc. | New | 0.02% | +0.02 |
| BIIB Biogen Inc. | New | 0.02% | +0.02 |
Options Activity Q2 2025 → Q3 2025
| INVESCO QQQ TR | put | New | 9,200 | $5.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +2.2% | 14,000 | $826K |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 19,760 | $785Kbefore exit |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Reduce -14.6% | 11,872 | $927 |
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 |