Donoghue Forlines LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Donoghue Forlines LLC reported 100 stock positions worth $324.5 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 10.2% of the portfolio, followed by JPMorgan Ultra-Short Income (JPST, 10.2%) and SS Blackstone Sr Loan ETF (SRLN, 8.0%). Compared with Q2 2025, it opened 39 new positions, sold out of 41, added to 19 and reduced 42. The biggest buy was Invesco Senior Loan ETF (BKLN, shares +51%) and the biggest sale SS SPDR P High Yield ETF (SPHY, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001702435
- Portfolio Value
- $324.5M (Q3 2025)
- SEC Filing
- 0001172661-25-004473 ↗ filed Oct 29, 2025
Holdings Value
Holdings 100 stocks · $324.5M
| BIL SS SPDR BB 1-3M T-Bill ETF | 10.23% | 361,883 | $33.2M | Add +23.0% |
| JPST JPMorgan Ultra-Short Income | 10.22% | 653,942 | $33.2M | Add +22.7% |
| SRLN SS Blackstone Sr Loan ETF | 7.97% | 622,379 | $25.9M | Reduce -20.4% |
| BKLN Invesco Senior Loan ETF | 7.45% | 1,154,448 | $24.2M | Add +51.5% |
| SPHY SS SPDR P High Yield ETF | 3.07% | 415,612 | $9.9M | Reduce -66.7% |
| BGT BlackRock Fltng RT Inc. TR | 2.78% | 939,719 | $9.0M | New |
| STX Seagate Technology Holdings | 1.38% | 18,956 | $4.5M | Reduce -42.6% |
| JNJ Johnson & Johnson | 1.19% | 20,816 | $3.9M | Add +119.4% |
| C Citigroup Inc. | 1.18% | 37,715 | $3.8M | Add +100.6% |
| CFG Citizens Financial Group | 1.16% | 70,637 | $3.8M | Add +98.5% |
| MO Altria Group Inc. | 1.12% | 55,255 | $3.7M | Add +124.7% |
| CVX Chevron Corp. | 1.11% | 23,186 | $3.6M | Add +127.9% |
| VST Vistra Corp. | 1.06% | 17,493 | $3.4M | Add +98.0% |
| SNPS Synopsys Inc. | 0.85% | 5,594 | $2.8M | New |
| WDC Western Digital Corp. | 0.85% | 22,851 | $2.7M | New |
| LRCX Lam Research Corp. | 0.84% | 20,267 | $2.7M | New |
| EA Electronic Arts Inc. | 0.79% | 12,754 | $2.6M | Reduce -30.3% |
| TER Teradyne Inc. | 0.78% | 18,431 | $2.5M | New |
| AAPL Apple Inc. | 0.75% | 9,575 | $2.4M | New |
| GLW Corning Inc. | 0.73% | 28,980 | $2.4M | New |
| IOO iShares Global 100 ETF | 0.73% | 19,610 | $2.4M | Reduce -10.6% |
| NEM Newmont Corp. | 0.72% | 27,695 | $2.3M | Reduce -45.4% |
| NVDA Nvidia Corp. | 0.71% | 12,390 | $2.3M | New |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.70% | 20,880 | $2.3M | New |
| TEL Te Connectivity PLC | 0.70% | 10,323 | $2.3M | New |
| RBLX Roblox Corp. Class A | 0.70% | 16,350 | $2.3M | Reduce -41.8% |
| CMI Cummins Inc. | 0.70% | 5,357 | $2.3M | New |
| APH Amphenol Corp. Class A | 0.70% | 18,279 | $2.3M | Reduce -37.0% |
| BKR Baker Hughes Co. | 0.69% | 46,282 | $2.3M | New |
| CDNS Cadence Design SYS Inc. | 0.69% | 6,415 | $2.3M | Reduce -27.1% |
| GS Goldman Sachs Group Inc. | 0.69% | 2,825 | $2.2M | New |
| SOFI Sofi Technologies Inc. | 0.69% | 85,085 | $2.2M | New |
| IQV Iqvia Holdings Inc. | 0.69% | 11,810 | $2.2M | New |
| GOOGL Alphabet Inc. Class A | 0.69% | 9,151 | $2.2M | New |
| EME Emcor Group Inc. | 0.68% | 3,419 | $2.2M | New |
| FAST Fastenal Co. | 0.68% | 45,269 | $2.2M | New |
| AMD Advanced Micro Devices | 0.68% | 13,645 | $2.2M | New |
| URI United Rentals Inc. | 0.68% | 2,295 | $2.2M | New |
| HPE Hewlett Packard Enterprise | 0.67% | 88,852 | $2.2M | New |
| EXPE Expedia Group Inc. | 0.66% | 10,077 | $2.2M | New |
| LVS Las Vegas Sands Corp. | 0.66% | 39,847 | $2.1M | New |
| INCY Incyte Corp. | 0.66% | 25,177 | $2.1M | New |
| TSCO Tractor Supply Company | 0.65% | 37,151 | $2.1M | New |
| ADM Archer-Daniels-Midland Co. | 0.65% | 35,362 | $2.1M | New |
| ALNY Alnylam Pharmaceuticals Inc. | 0.65% | 4,627 | $2.1M | New |
| ANET Arista Networks Inc. | 0.65% | 14,439 | $2.1M | New |
| CBRE CBRE Group Inc. Class A | 0.65% | 13,353 | $2.1M | New |
| HUM Humana Inc. | 0.64% | 7,938 | $2.1M | New |
| SYF Synchrony Financial | 0.64% | 29,055 | $2.1M | New |
| MSI Motorola Solutions Inc. | 0.64% | 4,508 | $2.1M | New |
| RCL Royal Caribbean Cruises Ltd. | 0.63% | 6,359 | $2.1M | New |
| CCL Carnival Corp. | 0.62% | 69,250 | $2.0M | New |
| PINS Pinterest Inc. Class A | 0.61% | 61,534 | $2.0M | New |
| AVGO Broadcom Inc. | 0.60% | 5,914 | $2.0M | Reduce -44.7% |
| CRDO Credo Technology Group Holdi | 0.59% | 13,244 | $1.9M | New |
| RDDT Reddit Inc. Class A | 0.59% | 8,384 | $1.9M | New |
| AFRM Affirm Holdings Inc. | 0.58% | 25,586 | $1.9M | New |
| LHX L3HARRIS Technologies Inc. | 0.51% | 5,398 | $1.6M | Reduce -68.1% |
| ABBV Abbvie Inc. | 0.50% | 7,029 | $1.6M | Reduce -8.6% |
| LMT Lockheed Martin Corp. | 0.49% | 3,205 | $1.6M | New |
| SNA Snap-on Inc. | 0.49% | 4,587 | $1.6M | Reduce -0.1% |
| NTRS Northern Trust Corp. | 0.49% | 11,712 | $1.6M | Reduce -13.8% |
| STT State Street Corp. | 0.48% | 13,432 | $1.6M | Reduce -11.3% |
| F Ford Motor Co. filed as FORD MTR CO | 0.48% | 130,250 | $1.6M | Reduce -5.8% |
| SPG Simon Property Group Inc. | 0.48% | 8,300 | $1.6M | Reduce -10.0% |
| MET Metlife Inc. | 0.48% | 18,769 | $1.5M | Add +0.6% |
| CME Cme Group Inc. | 0.48% | 5,720 | $1.5M | Reduce -63.1% |
| PFE Pfizer Inc. | 0.48% | 60,539 | $1.5M | Add +0.6% |
| PFG Principal Financial Group | 0.47% | 18,569 | $1.5M | Reduce -3.6% |
| MS Morgan Stanley | 0.47% | 9,684 | $1.5M | Reduce -13.4% |
| PSX Phillips 66 | 0.47% | 11,316 | $1.5M | Reduce -7.1% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.47% | 17,117 | $1.5M | Add +10.7% |
| MDT Medtronic PLC | 0.47% | 16,111 | $1.5M | Reduce -3.7% |
| CEG Constellation Energy | 0.47% | 4,647 | $1.5M | Reduce -7.8% |
| PKG Packaging Corp. of America | 0.47% | 6,980 | $1.5M | Reduce -8.4% |
| CVS CVS Health Corp. | 0.47% | 20,114 | $1.5M | Reduce -10.3% |
| FNF Fidelity National Financial | 0.47% | 25,013 | $1.5M | Reduce -5.5% |
| AMGN Amgen Inc. | 0.46% | 5,338 | $1.5M | Add +5.7% |
| VZ Verizon Communications Inc. | 0.46% | 34,184 | $1.5M | Add +1.5% |
| NRG NRG Energy Inc. | 0.46% | 9,232 | $1.5M | Reduce -67.0% |
| COP Conocophillips | 0.46% | 15,763 | $1.5M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 0.46% | 13,215 | $1.5M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 0.46% | 17,699 | $1.5M | Reduce -3.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.46% | 7,504 | $1.5M | Reduce -6.0% |
| PCAR Paccar Inc. | 0.46% | 15,075 | $1.5M | Reduce -3.9% |
| PNC PNC Financial Services Group | 0.46% | 7,368 | $1.5M | Reduce -11.1% |
| OKE Oneok Inc. | 0.46% | 20,279 | $1.5M | Add +14.1% |
| BBY Best Buy Co. Inc. | 0.45% | 19,412 | $1.5M | Reduce -4.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.45% | 44,871 | $1.5M | Reduce -1.1% |
| USB US Bancorp | 0.45% | 30,236 | $1.5M | Reduce -9.3% |
| FITB Fifth Third Bancorp | 0.45% | 32,688 | $1.5M | Reduce -13.1% |
| HBAN Huntington Bancshares Inc. | 0.45% | 84,248 | $1.5M | Reduce -8.0% |
| KEY Keycorp | 0.45% | 77,379 | $1.4M | Reduce -14.8% |
| T AT&T Inc. | 0.44% | 50,962 | $1.4M | Reduce -2.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.44% | 13,949 | $1.4M | Reduce -9.9% |
| HPQ HP Inc. | 0.44% | 52,446 | $1.4M | Reduce -11.7% |
| BMY Bristol-Myers Squibb Co. | 0.44% | 31,539 | $1.4M | Add +7.4% |
| PAYX Paychex Inc. | 0.44% | 11,177 | $1.4M | Add +16.9% |
| CAG Conagra Brands Inc. | 0.43% | 76,844 | $1.4M | Add +16.7% |
| CMCSA Comcast Corp. Class A | 0.43% | 44,418 | $1.4M | Add +6.1% |
Portfolio Sells Q2 2025 → Q3 2025
| SPHY SS SPDR P High Yield ETF | Reduce -66.7% | 3.07% | −5.42 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -20.4% | 7.97% | −1.30 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.96 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.89 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.85 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.84 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.84 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.84 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.83 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.83 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.83 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.82 |
| NRG NRG Energy Inc. | Reduce -67.0% | 0.46% | −0.82 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.82 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.82 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.81 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.81 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.81 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −0.81 |
| COR Cencora Inc. | Sold out | 0.00% | −0.81 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.81 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.80 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.80 |
| CW Curtiss-Wright Corp. | Sold out | 0.00% | −0.80 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.80 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.80 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.79 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.79 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.79 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.79 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.79 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −0.78 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.77 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.77 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.77 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.77 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.77 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.77 |
| PM Philip Morris International | Sold out | 0.00% | −0.77 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.76 |
| CME Cme Group Inc. | Reduce -63.1% | 0.48% | −0.74 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.74 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.70 |
| LHX L3HARRIS Technologies Inc. | Reduce -68.1% | 0.51% | −0.70 |
| DUOL Duolingo | Sold out | 0.00% | −0.67 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.42 |
| AVGO Broadcom Inc. | Reduce -44.7% | 0.60% | −0.24 |
| RBLX Roblox Corp. Class A | Reduce -41.8% | 0.70% | −0.15 |
| NEM Newmont Corp. | Reduce -45.4% | 0.72% | −0.12 |
| APH Amphenol Corp. Class A | Reduce -37.0% | 0.70% | −0.12 |
Portfolio Buys Q2 2025 → Q3 2025
| BKLN Invesco Senior Loan ETF | Add +51.5% | 7.45% | +2.90 |
| BGT BlackRock Fltng RT Inc. TR | New | 2.78% | +2.78 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +23.0% | 10.23% | +2.53 |
| JPST JPMorgan Ultra-Short Income | Add +22.7% | 10.22% | +2.52 |
| SNPS Synopsys Inc. | New | 0.85% | +0.85 |
| WDC Western Digital Corp. | New | 0.85% | +0.85 |
| LRCX Lam Research Corp. | New | 0.84% | +0.84 |
| TER Teradyne Inc. | New | 0.78% | +0.78 |
| JNJ Johnson & Johnson | Add +119.4% | 1.19% | +0.78 |
| AAPL Apple Inc. | New | 0.75% | +0.75 |
| GLW Corning Inc. | New | 0.73% | +0.73 |
| C Citigroup Inc. | Add +100.6% | 1.18% | +0.72 |
| MO Altria Group Inc. | Add +124.7% | 1.12% | +0.71 |
| NVDA Nvidia Corp. | New | 0.71% | +0.71 |
| CFG Citizens Financial Group | Add +98.5% | 1.16% | +0.70 |
| BNY Bank of New York Mellon Corp. | New | 0.70% | +0.70 |
| TEL Te Connectivity PLC | New | 0.70% | +0.70 |
| CMI Cummins Inc. | New | 0.70% | +0.70 |
| BKR Baker Hughes Co. | New | 0.69% | +0.69 |
| CVX Chevron Corp. | Add +127.9% | 1.11% | +0.69 |
| GS Goldman Sachs Group Inc. | New | 0.69% | +0.69 |
| SOFI Sofi Technologies Inc. | New | 0.69% | +0.69 |
| IQV Iqvia Holdings Inc. | New | 0.69% | +0.69 |
| GOOGL Alphabet Inc. Class A | New | 0.69% | +0.69 |
| EME Emcor Group Inc. | New | 0.68% | +0.68 |
| FAST Fastenal Co. | New | 0.68% | +0.68 |
| AMD Advanced Micro Devices | New | 0.68% | +0.68 |
| URI United Rentals Inc. | New | 0.68% | +0.68 |
| HPE Hewlett Packard Enterprise | New | 0.67% | +0.67 |
| EXPE Expedia Group Inc. | New | 0.66% | +0.66 |
| LVS Las Vegas Sands Corp. | New | 0.66% | +0.66 |
| INCY Incyte Corp. | New | 0.66% | +0.66 |
| TSCO Tractor Supply Company | New | 0.65% | +0.65 |
| ADM Archer-Daniels-Midland Co. | New | 0.65% | +0.65 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.65% | +0.65 |
| ANET Arista Networks Inc. | New | 0.65% | +0.65 |
| CBRE CBRE Group Inc. Class A | New | 0.65% | +0.65 |
| HUM Humana Inc. | New | 0.64% | +0.64 |
| SYF Synchrony Financial | New | 0.64% | +0.64 |
| MSI Motorola Solutions Inc. | New | 0.64% | +0.64 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.63% | +0.63 |
| CCL Carnival Corp. | New | 0.62% | +0.62 |
| PINS Pinterest Inc. Class A | New | 0.61% | +0.61 |
| RDDT Reddit Inc. Class A | New | 0.59% | +0.59 |
| CRDO Credo Technology Group Holdi | New | 0.59% | +0.59 |
| AFRM Affirm Holdings Inc. | New | 0.58% | +0.58 |
| VST Vistra Corp. | Add +98.0% | 1.06% | +0.57 |
| LMT Lockheed Martin Corp. | New | 0.49% | +0.49 |
| CF CF Industries Holdings Inc. | Add +10.7% | 0.47% | +0.07 |
| AMGN Amgen Inc. | Add +5.7% | 0.46% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 114 | $386.7M | SPHY, XFIV, SRLN, BKLN, GOOGL |
| Q1 2026 | 118 | $361.4M | SPTS, BIL, XFIV, SHY, VGSH |
| Q4 2025 | 113 | $323.4M | XFIV, SPAB, SPHY, SRLN, BKLN |
| Q3 2025 | 100 | $324.5M | BIL, JPST, SRLN, BKLN, SPHY |
| Q2 2025 | 102 | $350.6M | SRLN, SPHY, JPST, BIL, BKLN |
| Q1 2025 | 102 | $315.5M | SPHY, SPTI, SRLN, JAAA, CLOX |
| Q4 2024 | 99 | $299.0M | SPHY, JPST, SPTL, SRLN, CSCO |
| Q3 2024 | 226 | $350.8M | SPHY, JPST, BIL, SRLN, JNK |
| Q2 2024 | 220 | $352.0M | SPHY, SPTI, SPAB, SRLN, BKLN |
| Q1 2024 | 218 | $351.1M | SPHY, SPAB, SPTI, SRLN, JNK |