ERn Financial, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), ERn Financial, LLC reported 140 stock positions worth $506.5 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 8.3% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 7.0%) and Ste STR SPDR PT DW Eu ETF (SPDW, 5.7%). Compared with Q2 2025, it opened 7 new positions, sold out of 12, added to 59 and reduced 67. The biggest buy was SS SPDR P S&P 500 Value ETF (SPYV, shares +11%) and the biggest sale iShares Core US REIT ETF (USRT, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- MIDDLETON, WI
- CIK
- 0001768302
- Portfolio Value
- $506.5M (Q3 2025)
- SEC Filing
- 0001768302-25-000007 ↗ filed Oct 30, 2025
Holdings Value
Holdings 140 stocks · $506.5M
| SPYG SS SPDR P S&P 500 Growth ETF | 8.28% | 401,200 | $41.9M | Add +1.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 7.04% | 644,527 | $35.7M | Add +11.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.73% | 678,050 | $29.0M | Add +1.5% |
| MDYV SS SPDR S&P 400 MC Val ETF | 3.09% | 187,625 | $15.6M | Reduce -4.7% |
| OMFL Invesco Russell 1000 DYN M/F | 3.08% | 258,752 | $15.6M | Reduce -2.0% |
| USTB Victoryshares Short-Term Bon | 3.03% | 301,014 | $15.3M | Add +6.9% |
| IEFA iShares Core MSCI Eafe ETF | 3.02% | 175,090 | $15.3M | Add +4.8% |
| SPEM State Street SP PTF Em ETF | 2.53% | 273,314 | $12.8M | Reduce -13.3% |
| AVEM Avantis Emerging Markets Eq | 2.42% | 163,467 | $12.3M | Reduce -5.5% |
| QUAL iShares MSCI USA Quality Fac | 2.17% | 56,550 | $11.0M | Reduce -1.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.13% | 22,488 | $10.8M | Add +0.2% |
| PYLD PIMCO Multisector Bond Actv | 2.11% | 398,195 | $10.7M | Add +14.2% |
| REET iShares Global REIT ETF | 2.06% | 409,148 | $10.5M | Reduce -0.8% |
| DFAX Dimensional World Ex US Core | 2.00% | 322,197 | $10.1M | Reduce -2.6% |
| DFCF Dimensional Core Fixed Inc. | 1.98% | 234,263 | $10.0M | Add +17.6% |
| JHML John Hancock Multi Fact LRG | 1.82% | 117,486 | $9.2M | Add +31.6% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.66% | 91,691 | $8.4M | Reduce -5.3% |
| SPAB SS SPDR P Agg Bond ETF | 1.63% | 318,924 | $8.2M | Add +30.6% |
| SPIP SS SPDR P Tips ETF | 1.61% | 310,399 | $8.2M | Add +18.8% |
| HMOP Hartford Municipal Opp ETF | 1.61% | 208,833 | $8.1M | Add +1.8% |
| FMB First Trust Managed Municipa | 1.50% | 149,560 | $7.6M | Add +0.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.48% | 95,785 | $7.5M | Add +35.8% |
| USRT iShares Core US REIT ETF | 1.47% | 126,521 | $7.4M | Reduce -20.2% |
| VONG Vanguard Russell 1000 Growth | 1.42% | 59,588 | $7.2M | Reduce -5.1% |
| FDG American Century Focused DYN | 1.39% | 58,313 | $7.0M | Add +5.0% |
| MUNI PIMCO Intermediate Municipal | 1.33% | 128,661 | $6.7M | Add +9.6% |
| EFA iShares MSCI Eafe ETF | 1.31% | 71,256 | $6.7M | Reduce -3.1% |
| VOO Vanguard S&P 500 ETF | 1.30% | 10,762 | $6.6M | Add +2.4% |
| AVUV Avantis US Small Cap Value | 1.23% | 62,640 | $6.2M | Add +1.7% |
| FIXD First Trust Smith Opportunis | 1.14% | 130,284 | $5.8M | Add +7.8% |
| PVAL Putnam Focused LRG Cap Value | 1.11% | 131,875 | $5.6M | Add +0.8% |
| IJR iShares Core S&P Small-Cap E | 1.04% | 44,405 | $5.3M | Reduce -8.9% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.96% | 51,299 | $4.8M | Reduce -13.4% |
| AAPL Apple Inc. | 0.89% | 17,732 | $4.5M | Reduce -14.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.88% | 87,431 | $4.5M | Add +20.9% |
| JBND JPMorgan Active Bond ETF | 0.86% | 80,725 | $4.4M | Add +8.9% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.85% | 73,024 | $4.3M | Reduce -0.5% |
| DFAI Dimensional International Co. | 0.85% | 117,801 | $4.3M | Reduce -3.1% |
| IVV iShares Core S&P 500 ETF | 0.80% | 6,046 | $4.0M | Reduce -7.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.74% | 20,200 | $3.8M | Add +0.2% |
| JHMM John Hancock Multi Fact Mid | 0.70% | 54,467 | $3.5M | Reduce -5.1% |
| DFAU Dimensional US Core Equity M | 0.57% | 62,993 | $2.9M | Reduce -5.5% |
| FNOV FT Vest US Equity Buffer ETF | 0.56% | 53,557 | $2.8M | Reduce -4.2% |
| NVDA Nvidia Corp. | 0.55% | 14,886 | $2.8M | Reduce -7.5% |
| FVD First Trust Value Line DVD | 0.51% | 56,292 | $2.6M | Add +13.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.50% | 8,541 | $2.5M | Add +0.0% |
| MSFT Microsoft Corp. | 0.48% | 4,697 | $2.4M | Reduce -5.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.47% | 8,184 | $2.4M | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 0.46% | 36,067 | $2.4M | Reduce -9.3% |
| FSEP FT Vest U.S. Equity Buffer E | 0.46% | 46,352 | $2.3M | Reduce -3.9% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.42% | 59,350 | $2.1M | Add +0.4% |
| FICO Fair Isaac Corp. | 0.40% | 1,368 | $2.0M | Add +0.1% |
| IVVB iShares Large Cap Deep Quart | 0.40% | 61,468 | $2.0M | Add +2.1% |
| ORCL Oracle Corp. | 0.39% | 6,979 | $2.0M | Reduce -12.8% |
| COWZ Pacer US Cash Cows 100 ETF | 0.38% | 33,866 | $1.9M | Reduce -1.0% |
| FTCS First Trust Capital Strength | 0.36% | 19,741 | $1.8M | Add +0.8% |
| VEA Vanguard Ftse Developed ETF | 0.33% | 27,870 | $1.7M | Reduce -0.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.32% | 2,732 | $1.6M | Reduce -0.6% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.32% | 54,910 | $1.6M | Add +23.3% |
| DFIS Dimensional International SM | 0.32% | 51,042 | $1.6M | Add +6.9% |
| SPHQ Invesco S&P 500 Quality ETF | 0.30% | 20,690 | $1.5M | Add +1.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.30% | 17,018 | $1.5M | Reduce -24.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 2,122 | $1.4M | Reduce -1.4% |
| EEM iShares MSCI Emerging Market | 0.28% | 26,355 | $1.4M | Reduce -26.0% |
| IAU iShares Gold Trust | 0.25% | 17,102 | $1.2M | Add +3.3% |
| VIG Vanguard Dividend Apprec ETF | 0.24% | 5,694 | $1.2M | Reduce -0.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.24% | 18,015 | $1.2M | Add +0.0% |
| FDVV Fidelity High Dividend ETF | 0.24% | 21,514 | $1.2M | Reduce -1.1% |
| MTUM iShares MSCI USA Momentum Fa | 0.23% | 4,618 | $1.2M | Reduce -0.9% |
| TSLA Tesla Inc. | 0.23% | 2,620 | $1.2M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 0.21% | 1,474 | $1.1M | Reduce -15.5% |
| DFAC Dimensional US Core Equity 2 | 0.21% | 28,000 | $1.1M | Reduce -1.5% |
| DEM Wisdomtree Emerging Markets | 0.21% | 22,876 | $1.1M | Add +0.3% |
| FAUG FT Vest U.S. Equity Buffer E | 0.21% | 20,167 | $1.0M | New |
| ESGU iShares ESG Aware MSCI USA | 0.20% | 7,102 | $1.0M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 0.20% | 4,649 | $1.0M | Reduce -9.6% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.20% | 3,409 | $1.0M | Add +0.0% |
| JEPI JPMorgan Equity Premium Inco | 0.20% | 17,405 | $994K | Add +1.4% |
| CACC Credit Acceptance Corp. | 0.19% | 2,100 | $981K | No change |
| ESGD iShares Trust iShares ESG Aw | 0.19% | 10,268 | $955K | Add +3.6% |
| IUSV iShares Core S&P U.S. Value | 0.16% | 8,066 | $806K | Add +3.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 1,519 | $764K | Reduce -13.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.15% | 12,992 | $743K | Add +2.7% |
| GOOGL Alphabet Inc. Class A | 0.15% | 3,050 | $741K | Reduce -7.7% |
| TAXF American Century Diver Muni | 0.14% | 14,373 | $722K | Reduce -28.6% |
| XOM Exxon Mobil Corp. | 0.14% | 6,155 | $694K | Reduce -3.0% |
| ANET Arista Networks Inc. | 0.14% | 4,697 | $684K | Add +3.3% |
| AVGO Broadcom Inc. | 0.13% | 1,973 | $651K | Reduce -13.3% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.12% | 3,547 | $619K | Reduce -10.1% |
| GOOG Alphabet Inc. Class C | 0.12% | 2,506 | $610K | Add +3.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.12% | 1,858 | $610K | Reduce -1.9% |
| EXAS Exact Sciences Corp. | 0.12% | 10,824 | $592K | Add +0.3% |
| AVEE Avantis Em MKT SM Cap Eq ETF | 0.12% | 9,139 | $586K | Add +56.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.11% | 2,782 | $581K | No change |
| OMFS Invesco RSL 2000 DYN Mltfctr | 0.11% | 12,683 | $558K | Reduce -2.1% |
| NFLX Netflix Inc. | 0.11% | 461 | $553K | Reduce -0.2% |
| XMLV Invesco S&P Midcap Low Volat | 0.11% | 8,377 | $532K | No change |
| SCHX Schwab US Large-Cap ETF | 0.10% | 20,081 | $529K | Add +0.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.10% | 11,294 | $523K | Reduce -8.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.10% | 2,053 | $522K | Reduce -0.2% |
Portfolio Sells Q2 2025 → Q3 2025
| USRT iShares Core US REIT ETF | Reduce -20.2% | 1.47% | −0.42 |
| SPEM State Street SP PTF Em ETF | Reduce -13.3% | 2.53% | −0.32 |
| HTAB Hartford Schroders Tax Aware | Sold out | 0.00% | −0.32 |
| DE Deere & Co. | Sold out | 0.00% | −0.22 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -4.7% | 3.09% | −0.21 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -13.4% | 0.96% | −0.15 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -2.0% | 3.08% | −0.14 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -5.3% | 1.66% | −0.12 |
| EEM iShares MSCI Emerging Market | Reduce -26.0% | 0.28% | −0.08 |
| REET iShares Global REIT ETF | Reduce -0.8% | 2.06% | −0.08 |
| IJR iShares Core S&P Small-Cap E | Reduce -8.9% | 1.04% | −0.08 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -24.6% | 0.30% | −0.08 |
| AVEM Avantis Emerging Markets Eq | Reduce -5.5% | 2.42% | −0.08 |
| EFA iShares MSCI Eafe ETF | Reduce -3.1% | 1.31% | −0.07 |
| FMAR FT Vest US Equity Buffer ETF | Sold out | 0.00% | −0.07 |
| TAXF American Century Diver Muni | Reduce -28.6% | 0.14% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -15.5% | 0.21% | −0.06 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -7.3% | 0.80% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -9.3% | 0.46% | −0.06 |
| SDVY First Trust Smid Cap Rising | Sold out | 0.00% | −0.05 |
| DFAX Dimensional World Ex US Core | Reduce -2.6% | 2.00% | −0.05 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.05 |
| AXP American Express Co. | Sold out | 0.00% | −0.05 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.05 |
| JHMM John Hancock Multi Fact Mid | Reduce -5.1% | 0.70% | −0.04 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.04 |
| T AT&T Inc. | Sold out | 0.00% | −0.04 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.04 |
| DFAI Dimensional International Co. | Reduce -3.1% | 0.85% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Reduce -1.4% | 2.17% | −0.04 |
| MSFT Microsoft Corp. | Reduce -5.1% | 0.48% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -9.6% | 0.20% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -18.2% | 0.09% | −0.03 |
| FNOV FT Vest US Equity Buffer ETF | Reduce -4.2% | 0.56% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.7% | 0.15% | −0.03 |
| VONG Vanguard Russell 1000 Growth | Reduce -5.1% | 1.42% | −0.03 |
| DFAU Dimensional US Core Equity M | Reduce -5.5% | 0.57% | −0.03 |
| FSEP FT Vest U.S. Equity Buffer E | Reduce -3.9% | 0.46% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -11.6% | 0.09% | −0.02 |
| NFLX Netflix Inc. | Reduce -0.2% | 0.11% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -14.9% | 0.10% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -10.1% | 0.12% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.1% | 0.47% | −0.01 |
| SYK Stryker Corp. | Reduce -3.6% | 0.07% | −0.01 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -1.0% | 0.38% | −0.01 |
| MFG Mizuho Financial Group-ADR | Sold out | 0.00% | −0.01 |
| HD Home Depot Inc. | Reduce -18.4% | 0.06% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -1.4% | 0.07% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -8.4% | 0.10% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| SPYV SS SPDR P S&P 500 Value ETF | Add +11.2% | 7.04% | +0.64 |
| JHML John Hancock Multi Fact LRG | Add +31.6% | 1.82% | +0.44 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +35.8% | 1.48% | +0.40 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +1.5% | 8.28% | +0.33 |
| SPAB SS SPDR P Agg Bond ETF | Add +30.6% | 1.63% | +0.31 |
| FAUG FT Vest U.S. Equity Buffer E | New | 0.21% | +0.21 |
| DFCF Dimensional Core Fixed Inc. | Add +17.6% | 1.98% | +0.20 |
| SPIP SS SPDR P Tips ETF | Add +18.8% | 1.61% | +0.18 |
| PYLD PIMCO Multisector Bond Actv | Add +14.2% | 2.11% | +0.16 |
| FDG American Century Focused DYN | Add +5.0% | 1.39% | +0.11 |
| JMST JPM Ultra-Short Muni Income | Add +20.9% | 0.88% | +0.10 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.8% | 3.02% | +0.08 |
| CGXU Cap Group Intl Focus | Add +23.3% | 0.32% | +0.07 |
| MUNI PIMCO Intermediate Municipal | Add +9.6% | 1.33% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.2% | 2.13% | +0.05 |
| AVUV Avantis US Small Cap Value | Add +1.7% | 1.23% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | New | 0.05% | +0.05 |
| FVD First Trust Value Line DVD | Add +13.4% | 0.51% | +0.05 |
| BMO Bank of Montreal | New | 0.04% | +0.04 |
| MCK McKesson Corp. | New | 0.04% | +0.04 |
| AVEE Avantis Em MKT SM Cap Eq ETF | Add +56.4% | 0.12% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +2.4% | 1.30% | +0.04 |
| WFC Wells Fargo & Co. | New | 0.04% | +0.04 |
| SCHG Schwab US Large-Cap Growth | New | 0.04% | +0.04 |
| ANET Arista Networks Inc. | Add +3.3% | 0.14% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +3.5% | 0.12% | +0.03 |
| IAU iShares Gold Trust | Add +3.3% | 0.25% | +0.03 |
| JBND JPMorgan Active Bond ETF | Add +8.9% | 0.86% | +0.03 |
| FIXD First Trust Smith Opportunis | Add +7.8% | 1.14% | +0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +1.5% | 5.73% | +0.02 |
| DFIS Dimensional International SM | Add +6.9% | 0.32% | +0.02 |
| SHOP Shopify Inc. Class A | Add +1.6% | 0.10% | +0.02 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +0.4% | 0.42% | +0.01 |
| USTB Victoryshares Short-Term Bon | Add +6.9% | 3.03% | +0.01 |
| LND Brasilagro-Cia Bra - SPN ADR | New | 0.01% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +6.3% | 0.05% | +0.01 |
| GD General Dynamics Corp. | Add +0.5% | 0.09% | +0.01 |
| BAC Bank of America Corp. | Add +11.9% | 0.05% | +0.01 |
| BA The Boeing Co. | Add +9.3% | 0.07% | +0.00 |
| IVVB iShares Large Cap Deep Quart | Add +2.1% | 0.40% | +0.00 |
| F Ford Motor Co. | Add +0.3% | 0.09% | +0.00 |
| IUSV iShares Core S&P U.S. Value | Add +3.0% | 0.16% | +0.00 |
| CWB SS SPDR BB Conv Sec ETF | Add +0.1% | 0.10% | +0.00 |
| ESGD iShares Trust iShares ESG Aw | Add +3.6% | 0.19% | +0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +2.7% | 0.15% | +0.00 |
| PVAL Putnam Focused LRG Cap Value | Add +0.8% | 1.11% | +0.00 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +0.0% | 0.20% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Add +0.2% | 0.10% | +0.00 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +0.0% | 0.24% | +0.00 |
| VZ Verizon Communications Inc. | Add +0.5% | 0.04% | −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 |