ERn Financial, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), ERn Financial, LLC reported 180 stock positions worth $632.9 million. Its top holding was Invesco S&P 500 Revenue ETF (RWL) at 6.1% of the portfolio, followed by Vanguard S&P 500 Growth ETF (VOOG, 5.4%) and SS SPDR P S&P 500 Growth ETF (SPYG, 5.2%). Compared with Q4 2024, it opened 5 new positions, sold out of 15, added to 54 and reduced 110. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +9%) and the biggest sale Vanguard S&P 500 Growth ETF (VOOG, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- MIDDLETON, WI
- CIK
- 0001768302
- Portfolio Value
- $632.9M (Q1 2025)
- SEC Filing
- 0001768302-25-000003 ↗ filed Apr 21, 2025
Holdings Value
Holdings 180 stocks · $632.9M
| RWL Invesco S&P 500 Revenue ETF | 6.06% | 385,849 | $38.3M | Reduce -3.3% |
| VOOG Vanguard S&P 500 Growth ETF | 5.36% | 101,342 | $33.9M | Reduce -14.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 5.17% | 406,903 | $32.7M | Reduce -1.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 4.50% | 557,208 | $28.5M | Add +2.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 4.08% | 709,841 | $25.8M | Add +4.2% |
| VEA Vanguard Ftse Developed ETF | 3.85% | 479,690 | $24.4M | Add +8.7% |
| MDYV SS SPDR S&P 400 MC Val ETF | 2.56% | 210,160 | $16.2M | Reduce -0.8% |
| USTB Victoryshares Short-Term Bon | 2.46% | 307,566 | $15.6M | Add +2.0% |
| SPEM State Street SP PTF Em ETF | 2.26% | 363,775 | $14.3M | Reduce -7.6% |
| OMFL Invesco Russell 1000 DYN M/F | 2.25% | 267,603 | $14.3M | Reduce -5.7% |
| FMB First Trust Managed Municipa | 2.17% | 272,520 | $13.7M | Reduce -2.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.99% | 166,131 | $12.6M | Add +5.4% |
| JHMM John Hancock Multi Fact Mid | 1.98% | 218,218 | $12.5M | Reduce -11.1% |
| PYLD PIMCO Multisector Bond Actv | 1.76% | 423,431 | $11.2M | Add +1.0% |
| AVEM Avantis Emerging Markets Eq | 1.74% | 182,679 | $11.0M | Reduce -0.7% |
| REET iShares Global REIT ETF | 1.58% | 413,016 | $10.0M | Reduce -1.7% |
| QUAL iShares MSCI USA Quality Fac | 1.58% | 58,610 | $10.0M | Reduce -6.7% |
| DFCF Dimensional Core Fixed Inc. | 1.57% | 235,735 | $9.9M | Add +5.8% |
| JCPB JPMorgan Core Plus Bond ETF | 1.56% | 209,933 | $9.9M | Add +16.4% |
| USRT iShares Core US REIT ETF | 1.56% | 170,919 | $9.8M | Reduce -8.2% |
| AAPL Apple Inc. | 1.48% | 42,135 | $9.4M | Reduce -17.0% |
| DFAX Dimensional World Ex US Core | 1.43% | 346,094 | $9.1M | Reduce -9.8% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.33% | 105,891 | $8.4M | Reduce -1.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.32% | 22,513 | $8.3M | Reduce -0.2% |
| HMOP Hartford Municipal Opp ETF | 1.26% | 207,735 | $8.0M | Add +0.4% |
| PVAL Putnam Focused LRG Cap Value | 1.06% | 176,994 | $6.7M | Add +4.2% |
| EFA iShares MSCI Eafe ETF | 0.99% | 76,425 | $6.2M | Reduce -9.3% |
| SPIP SS SPDR P Tips ETF | 0.98% | 235,098 | $6.2M | Add +1.9% |
| SPAB SS SPDR P Agg Bond ETF | 0.97% | 239,491 | $6.1M | Add +4.6% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.95% | 72,363 | $6.0M | Reduce -1.9% |
| VONG Vanguard Russell 1000 Growth | 0.93% | 63,221 | $5.9M | Add +0.4% |
| VOO Vanguard S&P 500 ETF | 0.86% | 10,578 | $5.4M | Reduce -0.2% |
| IJR iShares Core S&P Small-Cap E | 0.83% | 50,067 | $5.2M | Reduce -8.6% |
| FIXD First Trust Smith Opportunis | 0.82% | 118,931 | $5.2M | Reduce -1.5% |
| JHML John Hancock Multi Fact LRG | 0.80% | 75,067 | $5.1M | Add +17.8% |
| AVUV Avantis US Small Cap Value | 0.80% | 57,821 | $5.0M | Add +1.9% |
| FDG American Century Focused DYN | 0.78% | 54,269 | $4.9M | Reduce -5.0% |
| MSFT Microsoft Corp. | 0.75% | 12,641 | $4.7M | Reduce -3.9% |
| NVDA Nvidia Corp. | 0.73% | 42,779 | $4.6M | Reduce -8.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.70% | 67,123 | $4.4M | Add +2.9% |
| DFAI Dimensional International Co. | 0.66% | 133,837 | $4.2M | Reduce -3.3% |
| SPHQ Invesco S&P 500 Quality ETF | 0.65% | 62,013 | $4.1M | Add +52.3% |
| SPGP Invesco S&P 500 Garp ETF | 0.61% | 38,893 | $3.9M | Add +20.9% |
| AMZN Amazon.com Inc. | 0.60% | 19,823 | $3.8M | Add +3.1% |
| TSLA Tesla Inc. | 0.57% | 13,858 | $3.6M | Reduce -2.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.56% | 69,512 | $3.5M | Add +6.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.55% | 20,318 | $3.5M | Reduce -2.6% |
| MUNI PIMCO Intermediate Municipal | 0.51% | 62,694 | $3.2M | Add +17.2% |
| PNW Pinnacle West Capital | 0.49% | 32,273 | $3.1M | Add +100.8% |
| FNOV FT Vest US Equity Buffer ETF | 0.46% | 62,495 | $2.9M | Reduce -4.5% |
| DFAU Dimensional US Core Equity M | 0.42% | 69,507 | $2.7M | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 0.41% | 16,710 | $2.6M | Reduce -6.7% |
| EEMA iShares MSCI Emerg MRKT Asia | 0.41% | 34,818 | $2.6M | Add +4.9% |
| FSEP FT Vest U.S. Equity Buffer E | 0.41% | 57,712 | $2.6M | Reduce -4.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 4,772 | $2.5M | Reduce -6.9% |
| FVD First Trust Value Line DVD | 0.40% | 56,903 | $2.5M | Reduce -11.0% |
| FICO Fair Isaac Corp. | 0.40% | 1,367 | $2.5M | No change |
| IJH iShares Core S&P Midcap ETF | 0.37% | 39,901 | $2.3M | Reduce -5.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.34% | 8,329 | $2.2M | Reduce -5.0% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.33% | 8,661 | $2.1M | Reduce -6.2% |
| COWZ Pacer US Cash Cows 100 ETF | 0.33% | 38,687 | $2.1M | Reduce -2.6% |
| JMUB JPMorgan Municipal ETF | 0.30% | 38,507 | $1.9M | Add +17.1% |
| IVV iShares Core S&P 500 ETF | 0.30% | 3,369 | $1.9M | Reduce -9.4% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.30% | 23,962 | $1.9M | Reduce -2.5% |
| HTAB Hartford Schroders Tax Aware | 0.30% | 97,711 | $1.9M | Reduce -4.1% |
| V Visa Inc. Class A | 0.29% | 5,206 | $1.8M | Reduce -2.5% |
| FTCS First Trust Capital Strength | 0.29% | 20,301 | $1.8M | Reduce -2.7% |
| COST Costco Wholesale Corp. | 0.29% | 1,913 | $1.8M | Reduce -8.5% |
| ORCL Oracle Corp. | 0.29% | 12,921 | $1.8M | Reduce -1.9% |
| DE Deere & Co. | 0.26% | 3,457 | $1.6M | Reduce -9.8% |
| EEM iShares MSCI Emerging Market | 0.25% | 36,831 | $1.6M | Reduce -2.2% |
| JPM JPMorgan Chase & Co. | 0.25% | 6,513 | $1.6M | Reduce -5.2% |
| SMIN iShares MSCI India Small-Cap | 0.24% | 22,740 | $1.5M | Add +5.9% |
| META Meta Platforms Inc. Class A | 0.24% | 2,651 | $1.5M | Add +9.3% |
| XOM Exxon Mobil Corp. | 0.22% | 11,817 | $1.4M | Reduce -0.4% |
| UNH Unitedhealth Group Inc. | 0.22% | 2,632 | $1.4M | Reduce -6.4% |
| FBND Fidelity Total Bond ETF | 0.21% | 28,836 | $1.3M | Add +26.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 2,278 | $1.3M | Add +15.4% |
| DFIS Dimensional International SM | 0.20% | 48,984 | $1.3M | Add +3.6% |
| JEPI JPMorgan Equity Premium Inco | 0.20% | 22,084 | $1.3M | Add +3.0% |
| LLY Eli Lilly & Co. | 0.20% | 1,513 | $1.2M | Reduce -0.8% |
| JNJ Johnson & Johnson | 0.20% | 7,453 | $1.2M | Reduce -3.3% |
| UNP Union Pacific Corp. | 0.19% | 5,089 | $1.2M | Reduce -1.9% |
| AFDM FRST TRST Act Fact Em ETF-US | 0.19% | 18,055 | $1.2M | Add +24.5% |
| HD Home Depot Inc. | 0.18% | 3,076 | $1.1M | Reduce -10.4% |
| VIG Vanguard Dividend Apprec ETF | 0.18% | 5,742 | $1.1M | Reduce -4.7% |
| CVX Chevron Corp. | 0.17% | 6,595 | $1.1M | Reduce -2.1% |
| CACC Credit Acceptance Corp. | 0.17% | 2,100 | $1.1M | No change |
| NFLX Netflix Inc. | 0.17% | 1,161 | $1.1M | Reduce -3.8% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.16% | 42,025 | $1.0M | Add +38.3% |
| AVGO Broadcom Inc. | 0.16% | 6,095 | $1.0M | Reduce -3.7% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.16% | 18,165 | $1.0M | Add +0.4% |
| SYK Stryker Corp. | 0.16% | 2,665 | $992K | Reduce -33.1% |
| HON Honeywell International Inc. | 0.16% | 4,661 | $987K | Reduce -15.2% |
| DFAC Dimensional US Core Equity 2 | 0.16% | 29,878 | $986K | No change |
| DEM Wisdomtree Emerging Markets | 0.15% | 23,089 | $972K | Add +5.4% |
| TAXF American Century Diver Muni | 0.15% | 19,478 | $964K | Add +42.8% |
| ACN Accenture PLC Class A | 0.15% | 3,074 | $959K | Reduce -5.2% |
| AXP American Express Co. | 0.15% | 3,498 | $941K | No change |
| MTUM iShares MSCI USA Momentum Fa | 0.15% | 4,652 | $940K | Reduce -0.8% |
Portfolio Sells Q4 2024 → Q1 2025
| VOOG Vanguard S&P 500 Growth ETF | Reduce -14.6% | 5.36% | −1.16 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.48 |
| AAPL Apple Inc. | Reduce -17.0% | 1.48% | −0.43 |
| SKYY First Trust Cloud Computing | Sold out | 0.00% | −0.33 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -1.6% | 5.17% | −0.29 |
| TSLA Tesla Inc. | Reduce -2.0% | 0.57% | −0.29 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.26 |
| JHMM John Hancock Multi Fact Mid | Reduce -11.1% | 1.98% | −0.22 |
| NVDA Nvidia Corp. | Reduce -8.2% | 0.73% | −0.21 |
| BUG Global X Cybersecurity ETF | Sold out | 0.00% | −0.18 |
| IJR iShares Core S&P Small-Cap E | Reduce -8.6% | 0.83% | −0.12 |
| FDG American Century Focused DYN | Reduce -5.0% | 0.78% | −0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -6.7% | 0.41% | −0.10 |
| QUAL iShares MSCI USA Quality Fac | Reduce -6.7% | 1.58% | −0.10 |
| MSFT Microsoft Corp. | Reduce -3.9% | 0.75% | −0.08 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -1.6% | 1.33% | −0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.2% | 1.32% | −0.07 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.06 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.06 |
| AVGO Broadcom Inc. | Reduce -3.7% | 0.16% | −0.06 |
| SYK Stryker Corp. | Reduce -33.1% | 0.16% | −0.06 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -5.7% | 2.25% | −0.06 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -1.9% | 0.95% | −0.05 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.05 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.05 |
| USRT iShares Core US REIT ETF | Reduce -8.2% | 1.56% | −0.05 |
| ORCL Oracle Corp. | Reduce -1.9% | 0.29% | −0.04 |
| LMBS First Trust Low Duration Opp | Sold out | 0.00% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.04 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.04 |
| AEP American Electric Power | Sold out | 0.00% | −0.04 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.04 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.03 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.03 |
| CMG Chipotle Mexican Grill Inc. | Reduce -20.0% | 0.07% | −0.03 |
| HON Honeywell International Inc. | Reduce -15.2% | 0.16% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -9.4% | 0.30% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -5.4% | 0.37% | −0.03 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -2.5% | 0.30% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -6.2% | 0.10% | −0.02 |
| HD Home Depot Inc. | Reduce -10.4% | 0.18% | −0.02 |
| ADBE Adobe Inc. | Reduce -9.7% | 0.09% | −0.02 |
| TT Trane Technologies PLC | Reduce -15.6% | 0.09% | −0.02 |
| ACN Accenture PLC Class A | Reduce -5.2% | 0.15% | −0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -11.6% | 0.10% | −0.02 |
| FVD First Trust Value Line DVD | Reduce -11.0% | 0.40% | −0.02 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -6.2% | 0.33% | −0.02 |
| DIS The Walt Disney Co. | Reduce -6.2% | 0.11% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -11.2% | 0.13% | −0.02 |
| DFAU Dimensional US Core Equity M | Reduce -3.4% | 0.42% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VEA Vanguard Ftse Developed ETF | Add +8.7% | 3.85% | +0.69 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +4.2% | 4.08% | +0.60 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +2.9% | 4.50% | +0.34 |
| IEFA iShares Core MSCI Eafe ETF | Add +5.4% | 1.99% | +0.32 |
| JCPB JPMorgan Core Plus Bond ETF | Add +16.4% | 1.56% | +0.31 |
| PNW Pinnacle West Capital | Add +100.8% | 0.49% | +0.28 |
| SPHQ Invesco S&P 500 Quality ETF | Add +52.3% | 0.65% | +0.24 |
| USTB Victoryshares Short-Term Bon | Add +2.0% | 2.46% | +0.19 |
| DFCF Dimensional Core Fixed Inc. | Add +5.8% | 1.57% | +0.19 |
| JHML John Hancock Multi Fact LRG | Add +17.8% | 0.80% | +0.13 |
| PYLD PIMCO Multisector Bond Actv | Add +1.0% | 1.76% | +0.13 |
| PVAL Putnam Focused LRG Cap Value | Add +4.2% | 1.06% | +0.12 |
| SPAB SS SPDR P Agg Bond ETF | Add +4.6% | 0.97% | +0.11 |
| SPGP Invesco S&P 500 Garp ETF | Add +20.9% | 0.61% | +0.11 |
| SPIP SS SPDR P Tips ETF | Add +1.9% | 0.98% | +0.10 |
| MUNI PIMCO Intermediate Municipal | Add +17.2% | 0.51% | +0.10 |
| WM Waste Management Inc. | New | 0.09% | +0.09 |
| JMST JPM Ultra-Short Muni Income | Add +6.8% | 0.56% | +0.06 |
| HMOP Hartford Municipal Opp ETF | Add +0.4% | 1.26% | +0.06 |
| JMUB JPMorgan Municipal ETF | Add +17.1% | 0.30% | +0.06 |
| AFDM FRST TRST Act Fact Em ETF-US | Add +24.5% | 0.19% | +0.06 |
| FBND Fidelity Total Bond ETF | Add +26.8% | 0.21% | +0.05 |
| EEMA iShares MSCI Emerg MRKT Asia | Add +4.9% | 0.41% | +0.05 |
| CGXU Cap Group Intl Focus | Add +38.3% | 0.16% | +0.05 |
| TAXF American Century Diver Muni | Add +42.8% | 0.15% | +0.05 |
| SGOL Abrdn Physical Gold Shares | New | 0.04% | +0.04 |
| T AT&T Inc. | New | 0.03% | +0.03 |
| AON Aon PLC Class A | New | 0.03% | +0.03 |
| LGLV SPDR US LC Low Vol Idx | New | 0.03% | +0.03 |
| META Meta Platforms Inc. Class A | Add +9.3% | 0.24% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +15.4% | 0.20% | +0.03 |
| DFIS Dimensional International SM | Add +3.6% | 0.20% | +0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +2.9% | 0.70% | +0.02 |
| DEM Wisdomtree Emerging Markets | Add +5.4% | 0.15% | +0.02 |
| ESGD iShares Trust iShares ESG Aw | Add +3.6% | 0.14% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +29.6% | 0.09% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +3.0% | 0.20% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +0.7% | 0.13% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | Add +18.2% | 0.08% | +0.01 |
| BA The Boeing Co. | Add +25.4% | 0.04% | +0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +0.4% | 0.16% | +0.01 |
| TXN Texas Instruments Inc. | Add +7.9% | 0.09% | +0.01 |
| VZ Verizon Communications Inc. | Add +0.9% | 0.04% | +0.01 |
| EFG iShares MSCI Eafe Growth ETF | Add +3.8% | 0.04% | +0.00 |
| TCAF T Rowe PRC Cap Appreciation | Add +1.4% | 0.08% | +0.00 |
| CWB SS SPDR BB Conv Sec ETF | Add +0.1% | 0.07% | +0.00 |
| MGEE Mge Energy Inc. | Add +0.3% | 0.04% | +0.00 |
| Z Zillow Group Inc. Class C | Add +3.2% | 0.13% | +0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +2.1% | 0.10% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +0.7% | 0.08% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 161 | $604.3M | SPYG, SPYV, SPDW, IEFA, USTB |
| Q1 2026 | 150 | $531.8M | SPYV, SPYG, SPDW, IEFA, USTB |
| Q4 2025 | 146 | $531.9M | SPYG, SPYV, SPDW, IEFA, USTB |
| Q3 2025 | 140 | $506.5M | SPYG, SPYV, SPDW, MDYV, OMFL |
| Q2 2025 | 145 | $474.0M | SPYG, SPYV, SPDW, MDYV, OMFL |
| Q1 2025 | 180 | $632.9M | RWL, VOOG, SPYG, SPYV, SPDW |
| Q4 2024 | 190 | $666.5M | VOOG, RWL, SPYG, SPYV, SPDW |
| Q3 2024 | 187 | $657.3M | VOOG, RWL, SPYG, SPYV, SPDW |
| Q2 2024Amended | 177 | $602.8M | VOOG, RWL, SPYG, SPYV, SPDW |
| Q1 2024 | 173 | $576.5M | RWL, VOOG, SPYV, OMFL, SPYG |