Dakota Wealth Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed August 26, 2026), Dakota Wealth Management reported 771 stock positions worth $5.6 billion. Its top holding was KLA (KLAC) at 18.7% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 3.3%) and Apple (AAPL, 3.1%). Compared with Q3 2025, it opened 179 new positions, sold out of 50, added to 314 and reduced 211. The biggest buy was Vanguard Total Intl Stock (VXUS, shares +68%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- PALM BEACH GARDENS, FL
- CIK
- 0001631353
- Portfolio Value
- $5.6B (Q4 2025)
- SEC Filing
- 0001951757-26-001604 ↗ filed Aug 26, 2026
Holdings Value
Holdings 771 stocks · $5.6B
| KLAC KLA Corp. | 18.73% | 867,326 | $1.1B | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 3.33% | 273,774 | $187.5M | Add +3.0% |
| AAPL Apple Inc. | 3.10% | 641,622 | $174.4M | Add +10.6% |
| MSFT Microsoft Corp. | 2.30% | 267,231 | $129.2M | Add +13.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.99% | 1,224,459 | $111.9M | Reduce -5.7% |
| AMZN Amazon.com Inc. | 1.53% | 372,031 | $85.9M | Add +5.3% |
| GOOGL Alphabet Inc. Class A | 1.48% | 265,452 | $83.1M | Add +15.3% |
| NVDA Nvidia Corp. | 1.45% | 436,114 | $81.3M | Add +17.4% |
| JPM JPMorgan Chase & Co. | 1.40% | 243,841 | $78.6M | Add +2.1% |
| VXUS Vanguard Total Intl Stock | 1.31% | 978,548 | $73.8M | Add +67.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.31% | 108,098 | $73.7M | Add +8.8% |
| RSP Invesco S&P 500 Equal Weight | 1.29% | 378,130 | $72.4M | Add +0.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.09% | 1,381,548 | $61.4M | Add +11.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.06% | 1,278,412 | $59.9M | Add +4.3% |
| QQQ Invesco QQQ Trust Series 1 | 1.03% | 94,219 | $57.9M | Add +26.5% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.97% | 1,016,352 | $54.8M | Add +3.4% |
| MBB iShares MBS ETF | 0.92% | 546,355 | $52.0M | Add +50.2% |
| AVGO Broadcom Inc. | 0.91% | 147,361 | $51.0M | Add +28.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.87% | 922,476 | $48.8M | Add +23.9% |
| META Meta Platforms Inc. Class A | 0.86% | 73,596 | $48.6M | Reduce -6.1% |
| V Visa Inc. Class A | 0.83% | 133,920 | $47.0M | Reduce -2.6% |
| GOOG Alphabet Inc. Class C | 0.83% | 149,404 | $46.9M | Reduce -4.1% |
| COST Costco Wholesale Corp. | 0.78% | 51,046 | $44.0M | Reduce -3.9% |
| XLF SS Financial Select Sector | 0.74% | 755,675 | $41.4M | Add +0.7% |
| IWM iShares Russell 2000 ETF | 0.73% | 165,963 | $40.9M | Add +0.3% |
| XOM Exxon Mobil Corp. | 0.72% | 336,114 | $40.4M | Add +28.4% |
| CSCO Cisco Systems Inc. | 0.72% | 523,846 | $40.4M | Add +18.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.70% | 688,529 | $39.1M | Add +9.5% |
| DAK Dakota Active Equity ETF | 0.67% | 1,422,794 | $37.9M | Add +3.4% |
| XLK SS Technology Select Sector | 0.67% | 261,849 | $37.7M | Add +3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 71,489 | $35.9M | Add +11.6% |
| IWR iShares Russell Mid-Cap ETF | 0.63% | 370,981 | $35.7M | Reduce -1.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.63% | 333,250 | $35.6M | Add +3.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.62% | 183,226 | $35.0M | Add +103.2% |
| CAT Caterpillar Inc. | 0.61% | 59,590 | $34.1M | Reduce -7.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.58% | 395,814 | $32.8M | Add +18.8% |
| LLY Eli Lilly & Co. | 0.58% | 30,187 | $32.4M | Reduce -9.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.56% | 206,621 | $31.7M | Add +54.8% |
| NFLX Netflix Inc. | 0.53% | 316,072 | $29.6M | Reduce -6.4% |
| JPST JPMorgan Ultra-Short Income | 0.53% | 585,556 | $29.6M | Add +28.6% |
| PFF iShares Preferred & Income S | 0.51% | 934,997 | $28.9M | Reduce -8.5% |
| ABT Abbott Laboratories | 0.51% | 229,174 | $28.7M | Add +13.0% |
| IAU iShares Gold Trust | 0.49% | 342,522 | $27.8M | Reduce -0.2% |
| MUB iShares National Muni Bond E | 0.48% | 254,821 | $27.3M | Add +109.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.47% | 54,294 | $26.5M | Add +17.6% |
| VGIT Vanguard Intermediate-Term T | 0.46% | 436,235 | $26.1M | Add +58.9% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.46% | 92,587 | $25.8M | Add +7.1% |
| TIP iShares Tips Bond ETF | 0.46% | 233,207 | $25.6M | Reduce -9.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.43% | 209,626 | $24.3M | Add +6.7% |
| NEM Newmont Corp. | 0.42% | 237,684 | $23.7M | Add +0.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.42% | 69,850 | $23.4M | Add +29.9% |
| JNJ Johnson & Johnson | 0.39% | 105,954 | $21.9M | Add +1.8% |
| GE General Electric filed as GE AEROSPACE | 0.37% | 68,058 | $21.0M | Add +8.0% |
| GLD SPDR Gold Shares | 0.37% | 52,253 | $20.7M | Add +89.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.37% | 356,874 | $20.7M | Reduce -17.2% |
| MDT Medtronic PLC | 0.35% | 205,541 | $19.8M | Add +31.2% |
| MRK Merck & Co. Inc. | 0.34% | 180,797 | $19.0M | Add +477.4% |
| TLT iShares 20+ Year Treasury BD | 0.32% | 208,694 | $18.2M | Add +43.7% |
| PWR Quanta Services Inc. | 0.32% | 43,042 | $18.2M | Reduce -7.2% |
| EZU iShares MSCI Eurozone ETF | 0.31% | 274,435 | $17.6M | Add +4.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 56,680 | $16.8M | Add +53.0% |
| HWM Howmet Aerospace Inc. | 0.29% | 80,799 | $16.6M | Reduce -7.6% |
| IWF iShares Russell 1000 Growth | 0.29% | 34,979 | $16.6M | Add +1.9% |
| GS Goldman Sachs Group Inc. | 0.28% | 18,215 | $16.0M | Reduce -9.8% |
| XLV SS Health Care Select Sector | 0.28% | 102,976 | $15.9M | Add +18.7% |
| AGG iShares Core U.S. Aggregate | 0.28% | 158,047 | $15.8M | Reduce -61.8% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.28% | 360,566 | $15.6M | Add +6.4% |
| WM Waste Management Inc. | 0.28% | 70,529 | $15.5M | Add +7.2% |
| SUB iShares Short-Term National | 0.27% | 144,633 | $15.4M | Add +24.4% |
| PG The Procter & Gamble Co. | 0.27% | 105,235 | $15.1M | Add +24.2% |
| HD Home Depot Inc. | 0.27% | 43,708 | $15.0M | Reduce -18.0% |
| CBOE Cboe Global Markets Inc. | 0.27% | 59,641 | $15.0M | Add +19.4% |
| TMUS T-Mobile US Inc. | 0.26% | 72,378 | $14.7M | Add +18.1% |
| VIG Vanguard Dividend Apprec ETF | 0.26% | 66,712 | $14.7M | Add +0.3% |
| ORCL Oracle Corp. | 0.26% | 74,843 | $14.6M | Reduce -27.7% |
| PGR Progressive Corp. | 0.26% | 63,582 | $14.5M | Add +20.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.26% | 195,513 | $14.4M | Add +19.4% |
| QCOM Qualcomm Inc. | 0.25% | 81,492 | $13.9M | Add +12.1% |
| CASY Casey's General Stores Inc. | 0.23% | 23,505 | $13.0M | Reduce -9.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.23% | 50,223 | $13.0M | Add +273.4% |
| ABBV Abbvie Inc. | 0.23% | 55,699 | $12.7M | Add +31.8% |
| MCD McDonald's Corp. | 0.23% | 41,640 | $12.7M | Add +29.7% |
| CVX Chevron Corp. | 0.23% | 83,265 | $12.7M | Add +14.9% |
| ORLY O'reilly Automotive Inc. | 0.22% | 135,855 | $12.4M | Reduce -17.8% |
| AVUV Avantis US Small Cap Value | 0.22% | 120,128 | $12.3M | Add +57.6% |
| AMGN Amgen Inc. | 0.22% | 36,995 | $12.1M | Add +14.1% |
| SCHD Schwab US DVD Equity ETF | 0.22% | 441,353 | $12.1M | Reduce -4.7% |
| DE Deere & Co. | 0.21% | 25,854 | $12.1M | Add +3.0% |
| ADI Analog Devices Inc. | 0.21% | 44,296 | $12.0M | Add +392.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 104,201 | $11.9M | Add +11.3% |
| WMT Walmart Inc. | 0.21% | 106,321 | $11.8M | Add +17.9% |
| NEE Nextera Energy Inc. | 0.21% | 146,566 | $11.8M | Add +6.8% |
| BSX Boston Scientific Corp. | 0.21% | 123,244 | $11.8M | Add +0.5% |
| COR Cencora Inc. | 0.21% | 34,466 | $11.6M | Reduce -4.3% |
| XLE SS Energy Select Sector | 0.21% | 260,201 | $11.6M | Add +7.1% |
| AMD Advanced Micro Devices | 0.20% | 52,190 | $11.2M | Add +16.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 202,083 | $11.1M | Add +5.2% |
| ROL Rollins Inc. | 0.20% | 182,962 | $11.0M | Add +9.6% |
| COF Capital One Financial Corp. | 0.19% | 44,456 | $10.8M | Reduce -1.5% |
| XLI SS Industrial Select Sector | 0.19% | 69,167 | $10.7M | Add +3.3% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($4.5M), INVESCO QQQ TR puts ($2.5M), MICROSOFT CORP puts ($774K), NVIDIA CORPORATION puts ($746K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $796K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 13,225 | $771K | Reduce -5.5% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 25,000 | $25K | No change |
Total filed on the 13F, all lines: $5.6B.
Portfolio Sells Q3 2025 → Q4 2025
| AGG iShares Core U.S. Aggregate | Reduce -61.8% | 0.28% | −0.56 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -5.7% | 1.99% | −0.41 |
| ORCL Oracle Corp. | Reduce -27.7% | 0.26% | −0.33 |
| SPOT Spotify Technology SA | Reduce -93.1% | 0.02% | −0.32 |
| META Meta Platforms Inc. Class A | Reduce -6.1% | 0.86% | −0.30 |
| NFLX Netflix Inc. | Reduce -6.4% | 0.53% | −0.29 |
| KLAC KLA Corp. | Reduce -0.7% | 18.73% | −0.27 |
| COST Costco Wholesale Corp. | Reduce -3.9% | 0.78% | −0.21 |
| APP AppLovin Corp. Class A | Reduce -53.8% | 0.13% | −0.21 |
| SO The Southern Co. | Reduce -93.5% | 0.01% | −0.20 |
| HD Home Depot Inc. | Reduce -18.0% | 0.27% | −0.17 |
| ANET Arista Networks Inc. | Reduce -46.8% | 0.12% | −0.17 |
| ORLY O'reilly Automotive Inc. | Reduce -17.8% | 0.22% | −0.14 |
| PFF iShares Preferred & Income S | Reduce -8.5% | 0.51% | −0.14 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -17.2% | 0.37% | −0.13 |
| MELI MercadoLibre Inc. | Reduce -78.9% | 0.02% | −0.13 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.13 |
| TIP iShares Tips Bond ETF | Reduce -9.7% | 0.46% | −0.12 |
| AJG Arthur J Gallagher & Co. | Reduce -51.5% | 0.07% | −0.12 |
| QGRO American Century US Quality | Reduce -92.1% | 0.01% | −0.12 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.12 |
| SHYD Vaneck SH Hi YLD Muni | Reduce -81.3% | 0.02% | −0.12 |
| HOOD Robinhood Markets Inc. Class A | Reduce -93.7% | 0.01% | −0.12 |
| V Visa Inc. Class A | Reduce -2.6% | 0.83% | −0.11 |
| IWR iShares Russell Mid-Cap ETF | Reduce -1.2% | 0.63% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -40.3% | 0.09% | −0.09 |
| PWR Quanta Services Inc. | Reduce -7.2% | 0.32% | −0.06 |
| CASY Casey's General Stores Inc. | Reduce -9.1% | 0.23% | −0.06 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -73.4% | 0.02% | −0.06 |
| SLYV SS SPDR S&P 600 SC Val ETF | Sold out | 0.00% | −0.06 |
| SLYG SS SPDR S&P 600 SC GR ETF | Sold out | 0.00% | −0.06 |
| T AT&T Inc. | Reduce -67.7% | 0.02% | −0.06 |
| ZTS Zoetis Inc. | Reduce -14.3% | 0.11% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -2.0% | 0.15% | −0.06 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -52.0% | 0.03% | −0.05 |
| HWM Howmet Aerospace Inc. | Reduce -7.6% | 0.29% | −0.05 |
| ARKB ARK 21SHARES Bitcoin ETF | Reduce -4.1% | 0.09% | −0.05 |
| AXP American Express Co. | Reduce -49.8% | 0.05% | −0.05 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.05 |
| CB Chubb Ltd. | Reduce -20.4% | 0.16% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Reduce -4.7% | 0.22% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -9.8% | 0.28% | −0.04 |
| ROP Roper Technologies Inc. | Reduce -56.5% | 0.02% | −0.04 |
| PAUG Innovator U.S. Equity Power | Reduce -77.2% | 0.01% | −0.04 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -66.2% | 0.02% | −0.04 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.04 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.03 |
| WTW Willis Towers Watson PLC | Reduce -5.3% | 0.13% | −0.03 |
| FISV Fiserv Inc. | Reduce -77.1% | 0.00% | −0.03 |
| UI Ubiquiti Inc. | Reduce -68.8% | 0.01% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| VXUS Vanguard Total Intl Stock | Add +67.7% | 1.31% | +0.45 |
| GOOGL Alphabet Inc. Class A | Add +15.3% | 1.48% | +0.35 |
| MRK Merck & Co. Inc. | Add +477.4% | 0.34% | +0.29 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +103.2% | 0.62% | +0.28 |
| MBB iShares MBS ETF | Add +50.2% | 0.92% | +0.23 |
| MUB iShares National Muni Bond E | Add +109.5% | 0.48% | +0.22 |
| FEOE First Eagle Overseas Eq ETF | New | 0.18% | +0.18 |
| TJX TJX Companies Inc. | Add +54.8% | 0.56% | +0.17 |
| GLD SPDR Gold Shares | Add +89.3% | 0.37% | +0.17 |
| FBND Fidelity Total Bond ETF | New | 0.17% | +0.17 |
| ADI Analog Devices Inc. | Add +392.9% | 0.21% | +0.17 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +273.4% | 0.23% | +0.16 |
| PYLD PIMCO Multisector Bond Actv | New | 0.16% | +0.16 |
| EMBX Vaneck Em Bond ETF | New | 0.15% | +0.15 |
| MUNI PIMCO Intermediate Municipal | New | 0.15% | +0.15 |
| AVGO Broadcom Inc. | Add +28.3% | 0.91% | +0.14 |
| VGIT Vanguard Intermediate-Term T | Add +58.9% | 0.46% | +0.13 |
| FDX FedEx Corp. | New | 0.13% | +0.13 |
| QQQ Invesco QQQ Trust Series 1 | Add +26.5% | 1.03% | +0.13 |
| XOM Exxon Mobil Corp. | Add +28.4% | 0.72% | +0.12 |
| AAPL Apple Inc. | Add +10.6% | 3.10% | +0.12 |
| GQI Natixis Gateway Quality Inc. | New | 0.12% | +0.12 |
| BIIB Biogen Inc. | Add +428.9% | 0.14% | +0.12 |
| MGMT Ballast Small/Mid Cap ETF | New | 0.12% | +0.12 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +245.4% | 0.17% | +0.11 |
| KORP American Century Diversified | New | 0.11% | +0.11 |
| HYMB SS SPDR N Ice HY Muni ETF | Add +1649.0% | 0.12% | +0.11 |
| CSCO Cisco Systems Inc. | Add +18.8% | 0.72% | +0.11 |
| CORP PIMCO Inv Grade Corp. BD ETF | New | 0.10% | +0.10 |
| FPE FT-Preferred Secur & Inc. ETF | New | 0.10% | +0.10 |
| AIRR First Trust Rba American Ind | New | 0.09% | +0.09 |
| USIG iShares Broad Usd Investment | New | 0.09% | +0.09 |
| IBM Intl Business Machines Corp. | Add +53.0% | 0.30% | +0.09 |
| CMDT PIMCO Commodity Active Strat | New | 0.09% | +0.09 |
| CLOI Vaneck Clo ETF | New | 0.09% | +0.09 |
| VLO Valero Energy Corp. | Add +556.2% | 0.10% | +0.08 |
| SCHX Schwab US Large-Cap ETF | Add +138.1% | 0.15% | +0.08 |
| FTCS First Trust Capital Strength | New | 0.08% | +0.08 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +23.9% | 0.87% | +0.07 |
| UNP Union Pacific Corp. | Add +132.3% | 0.13% | +0.07 |
| AVUV Avantis US Small Cap Value | Add +57.6% | 0.22% | +0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +281.2% | 0.09% | +0.06 |
| TLT iShares 20+ Year Treasury BD | Add +43.7% | 0.32% | +0.06 |
| LRCX Lam Research Corp. | Add +195.0% | 0.09% | +0.06 |
| SCHB Schwab US Broad Market ETF | Add +710.4% | 0.07% | +0.06 |
| JPST JPMorgan Ultra-Short Income | Add +28.6% | 0.53% | +0.06 |
| BLK BlackRock Inc. | Add +115.0% | 0.14% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +29.9% | 0.42% | +0.06 |
| FMTM Mrktdsk Foc US Mmntm ETF | New | 0.05% | +0.05 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +686.1% | 0.06% | +0.05 |
Options Activity Q3 2025 → Q4 2025
| STATE STR SPDR S&P 500 ETF T | put | New | 6,600 | $4.5M |
| INVESCO QQQ TR | put | Reduce -56.5% | 4,000 | $2.5M |
| MICROSOFT CORP | put | New | 1,600 | $774K |
| NVIDIA CORPORATION | put | New | 4,000 | $746K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Reduce -5.5% | 13,225 | $771K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 11,872 | $927before exit |
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 |