ERn Financial, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 15, 2026), ERn Financial, LLC reported 146 stock positions worth $531.9 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 7.6% of the portfolio, followed by SS SPDR P S&P 500 Value ETF (SPYV, 7.2%) and Ste STR SPDR PT DW Eu ETF (SPDW, 5.7%). Compared with Q3 2025, it opened 8 new positions, sold out of 2, added to 70 and reduced 57. The biggest buy was a new position in JPMorgan US Tech Leaders (JTEK) and the biggest sale Invesco Russell 1000 DYN M/F (OMFL, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- MIDDLETON, WI
- CIK
- 0001768302
- Portfolio Value
- $531.9M (Q4 2025)
- SEC Filing
- 0001768302-26-000001 ↗ filed Jan 15, 2026
Holdings Value
Holdings 146 stocks · $531.9M
| SPYG SS SPDR P S&P 500 Growth ETF | 7.63% | 380,325 | $40.6M | Reduce -5.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 7.22% | 676,263 | $38.4M | Add +4.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.71% | 684,153 | $30.4M | Add +0.9% |
| IEFA iShares Core MSCI Eafe ETF | 3.33% | 197,956 | $17.7M | Add +13.1% |
| USTB Victoryshares Short-Term Bon | 3.01% | 315,306 | $16.0M | Add +4.8% |
| MDYV SS SPDR S&P 400 MC Val ETF | 2.80% | 175,750 | $14.9M | Reduce -6.3% |
| AVEM Avantis Emerging Markets Eq | 2.42% | 167,024 | $12.9M | Add +2.2% |
| SPEM State Street SP PTF Em ETF | 2.38% | 270,813 | $12.7M | Reduce -0.9% |
| PYLD PIMCO Multisector Bond Actv | 2.20% | 438,407 | $11.7M | Add +10.1% |
| QUAL iShares MSCI USA Quality Fac | 2.13% | 56,958 | $11.3M | Add +0.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.04% | 22,224 | $10.8M | Reduce -1.2% |
| DFAX Dimensional World Ex US Core | 2.00% | 324,812 | $10.6M | Add +0.8% |
| DFCF Dimensional Core Fixed Inc. | 1.99% | 249,044 | $10.6M | Add +6.3% |
| REET iShares Global REIT ETF | 1.98% | 421,282 | $10.5M | Add +3.0% |
| JHML John Hancock Multi Fact LRG | 1.97% | 131,506 | $10.5M | Add +11.9% |
| OMFL Invesco Russell 1000 DYN M/F | 1.92% | 167,428 | $10.2M | Reduce -35.3% |
| SPAB SS SPDR P Agg Bond ETF | 1.71% | 352,597 | $9.1M | Add +10.6% |
| SPIP SS SPDR P Tips ETF | 1.69% | 345,832 | $9.0M | Add +11.4% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.62% | 92,965 | $8.6M | Add +1.4% |
| HMOP Hartford Municipal Opp ETF | 1.54% | 208,888 | $8.2M | Add +0.0% |
| FDG American Century Focused DYN | 1.53% | 64,111 | $8.1M | Add +9.9% |
| FMB First Trust Managed Municipa | 1.53% | 158,806 | $8.1M | Add +6.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.46% | 97,067 | $7.8M | Add +1.3% |
| USRT iShares Core US REIT ETF | 1.38% | 128,841 | $7.3M | Add +1.8% |
| VONG Vanguard Russell 1000 Growth | 1.36% | 59,310 | $7.2M | Reduce -0.5% |
| EFA iShares MSCI Eafe ETF | 1.34% | 74,021 | $7.1M | Add +3.9% |
| MUNI PIMCO Intermediate Municipal | 1.28% | 130,377 | $6.8M | Add +1.3% |
| VOO Vanguard S&P 500 ETF | 1.27% | 10,765 | $6.8M | Add +0.0% |
| JTEK JPMorgan US Tech Leaders | 1.25% | 73,977 | $6.7M | New |
| AVUV Avantis US Small Cap Value | 1.21% | 62,891 | $6.4M | Add +0.4% |
| PVAL Putnam Focused LRG Cap Value | 1.19% | 139,276 | $6.3M | Add +5.6% |
| FIXD First Trust Smith Opportunis | 1.13% | 136,125 | $6.0M | Add +4.5% |
| IJR iShares Core S&P Small-Cap E | 1.02% | 44,993 | $5.4M | Add +1.3% |
| JBND JPMorgan Active Bond ETF | 0.92% | 90,866 | $4.9M | Add +12.6% |
| AAPL Apple Inc. | 0.89% | 17,507 | $4.8M | Reduce -1.3% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.89% | 50,375 | $4.7M | Reduce -1.8% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.88% | 77,151 | $4.7M | Add +5.7% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.87% | 91,152 | $4.6M | Add +4.3% |
| DFAI Dimensional International Co. | 0.80% | 111,151 | $4.2M | Reduce -5.7% |
| IVV iShares Core S&P 500 ETF | 0.79% | 6,121 | $4.2M | Add +1.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.72% | 20,105 | $3.8M | Reduce -0.5% |
| JHMM John Hancock Multi Fact Mid | 0.72% | 58,329 | $3.8M | Add +7.1% |
| RAAX Vaneck Real Assets ETF | 0.65% | 98,341 | $3.4M | New |
| FNOV FT Vest US Equity Buffer ETF | 0.59% | 57,388 | $3.1M | Add +7.2% |
| DFAU Dimensional US Core Equity M | 0.55% | 62,074 | $2.9M | Reduce -1.5% |
| FVD First Trust Value Line DVD | 0.53% | 61,707 | $2.8M | Add +9.6% |
| NVDA Nvidia Corp. | 0.52% | 14,727 | $2.7M | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 0.45% | 36,408 | $2.4M | Add +0.9% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.44% | 8,468 | $2.4M | Reduce -0.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.44% | 8,042 | $2.3M | Reduce -1.7% |
| FSEP FT Vest U.S. Equity Buffer E | 0.44% | 44,926 | $2.3M | Reduce -3.1% |
| FICO Fair Isaac Corp. | 0.43% | 1,367 | $2.3M | Reduce -0.1% |
| MSFT Microsoft Corp. | 0.43% | 4,693 | $2.3M | Reduce -0.1% |
| IVVB iShares Large Cap Deep Quart | 0.43% | 68,573 | $2.3M | Add +11.6% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.42% | 62,275 | $2.2M | Add +4.9% |
| COWZ Pacer US Cash Cows 100 ETF | 0.37% | 32,936 | $2.0M | Reduce -2.8% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.36% | 64,220 | $1.9M | Add +17.0% |
| FTCS First Trust Capital Strength | 0.35% | 19,961 | $1.8M | Add +1.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 2,960 | $1.8M | Add +8.3% |
| DFIS Dimensional International SM | 0.33% | 52,995 | $1.7M | Add +3.8% |
| VEA Vanguard Ftse Developed ETF | 0.33% | 27,743 | $1.7M | Reduce -0.5% |
| SPHQ Invesco S&P 500 Quality ETF | 0.32% | 22,602 | $1.7M | Add +9.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.29% | 16,754 | $1.5M | Reduce -1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 2,107 | $1.4M | Reduce -0.7% |
| IAU iShares Gold Trust | 0.27% | 17,673 | $1.4M | Add +3.3% |
| EEM iShares MSCI Emerging Market | 0.26% | 25,390 | $1.4M | Reduce -3.7% |
| ORCL Oracle Corp. | 0.26% | 7,078 | $1.4M | Add +1.4% |
| FDVV Fidelity High Dividend ETF | 0.25% | 23,409 | $1.3M | Add +8.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.25% | 17,982 | $1.3M | Reduce -0.2% |
| VIG Vanguard Dividend Apprec ETF | 0.23% | 5,670 | $1.2M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 0.22% | 5,151 | $1.2M | Add +10.8% |
| DEM Wisdomtree Emerging Markets | 0.22% | 25,222 | $1.2M | Add +10.3% |
| MTUM iShares MSCI USA Momentum Fa | 0.22% | 4,633 | $1.2M | Add +0.3% |
| TSLA Tesla Inc. | 0.22% | 2,558 | $1.2M | Reduce -2.4% |
| DFAC Dimensional US Core Equity 2 | 0.21% | 27,877 | $1.1M | Reduce -0.4% |
| JEPI JPMorgan Equity Premium Inco | 0.20% | 18,994 | $1.1M | Add +9.1% |
| FAUG FT Vest U.S. Equity Buffer E | 0.20% | 19,708 | $1.0M | Reduce -2.3% |
| ESGU iShares ESG Aware MSCI USA | 0.20% | 6,983 | $1.0M | Reduce -1.7% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.19% | 3,410 | $1.0M | Add +0.0% |
| META Meta Platforms Inc. Class A | 0.18% | 1,475 | $974K | Add +0.1% |
| ESGD iShares Trust iShares ESG Aw | 0.18% | 10,142 | $964K | Reduce -1.2% |
| CACC Credit Acceptance Corp. | 0.18% | 2,100 | $931K | No change |
| GOOGL Alphabet Inc. Class A | 0.17% | 2,875 | $900K | Reduce -5.7% |
| IUSV iShares Core S&P U.S. Value | 0.17% | 8,705 | $893K | Add +7.9% |
| TAXF American Century Diver Muni | 0.15% | 15,900 | $801K | Add +10.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 1,588 | $798K | Add +4.5% |
| GOOG Alphabet Inc. Class C | 0.15% | 2,499 | $784K | Reduce -0.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.14% | 12,940 | $749K | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.14% | 6,194 | $745K | Add +0.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.12% | 1,974 | $662K | Add +6.2% |
| EXAS Exact Sciences Corp. | 0.12% | 6,479 | $658K | Reduce -40.1% |
| LLY Eli Lilly & Co. | 0.12% | 608 | $653K | Reduce -0.7% |
| AVGO Broadcom Inc. | 0.12% | 1,886 | $653K | Reduce -4.4% |
| AVEE Avantis Em MKT SM Cap Eq ETF | 0.12% | 10,189 | $636K | Add +11.5% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.12% | 3,532 | $626K | Reduce -0.4% |
| ANET Arista Networks Inc. | 0.11% | 4,644 | $609K | Reduce -1.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.11% | 2,782 | $589K | No change |
| OMFS Invesco RSL 2000 DYN Mltfctr | 0.11% | 12,605 | $561K | Reduce -0.6% |
| SCHX Schwab US Large-Cap ETF | 0.10% | 20,124 | $542K | Add +0.2% |
| SHOP Shopify Inc. Class A | 0.10% | 3,290 | $530K | Reduce -1.5% |
Portfolio Sells Q3 2025 → Q4 2025
| OMFL Invesco Russell 1000 DYN M/F | Reduce -35.3% | 1.92% | −1.15 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -5.2% | 7.63% | −0.65 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -6.3% | 2.80% | −0.29 |
| SPEM State Street SP PTF Em ETF | Reduce -0.9% | 2.38% | −0.14 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.2% | 2.04% | −0.09 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -1.8% | 0.89% | −0.06 |
| VONG Vanguard Russell 1000 Growth | Reduce -0.5% | 1.36% | −0.06 |
| MSFT Microsoft Corp. | Reduce -0.1% | 0.43% | −0.05 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -0.8% | 0.44% | −0.05 |
| DFAI Dimensional International Co. | Reduce -5.7% | 0.80% | −0.05 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.04 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.7% | 0.44% | −0.04 |
| NVDA Nvidia Corp. | Reduce -1.1% | 0.52% | −0.03 |
| NFLX Netflix Inc. | Reduce -1.4% | 0.08% | −0.03 |
| FSEP FT Vest U.S. Equity Buffer E | Reduce -3.1% | 0.44% | −0.03 |
| DFAU Dimensional US Core Equity M | Reduce -1.5% | 0.55% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.5% | 0.72% | −0.02 |
| ANET Arista Networks Inc. | Reduce -1.1% | 0.11% | −0.02 |
| EEM iShares MSCI Emerging Market | Reduce -3.7% | 0.26% | −0.02 |
| TSLA Tesla Inc. | Reduce -2.4% | 0.22% | −0.01 |
| HD Home Depot Inc. | Reduce -2.5% | 0.05% | −0.01 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -2.8% | 0.37% | −0.01 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -1.6% | 0.29% | −0.01 |
| SYK Stryker Corp. | Reduce -6.3% | 0.06% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -1.9% | 0.07% | −0.01 |
| FAUG FT Vest U.S. Equity Buffer E | Reduce -2.3% | 0.20% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.7% | 0.27% | −0.01 |
| ESGU iShares ESG Aware MSCI USA | Reduce -1.7% | 0.20% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.4% | 0.23% | −0.01 |
| XMLV Invesco S&P Midcap Low Volat | Reduce -1.2% | 0.10% | −0.01 |
| ESGD iShares Trust iShares ESG Aw | Reduce -1.2% | 0.18% | −0.01 |
| GD General Dynamics Corp. | Reduce -1.3% | 0.08% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -5.0% | 0.06% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -2.2% | 0.10% | −0.01 |
| AVGO Broadcom Inc. | Reduce -4.4% | 0.12% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -0.4% | 0.14% | −0.01 |
| DFAC Dimensional US Core Equity 2 | Reduce -0.4% | 0.21% | −0.01 |
| V Visa Inc. Class A | Reduce -4.2% | 0.08% | −0.01 |
| OMFS Invesco RSL 2000 DYN Mltfctr | Reduce -0.6% | 0.11% | −0.00 |
| ABBV Abbvie Inc. | Reduce -0.9% | 0.06% | −0.00 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -0.4% | 0.12% | −0.00 |
| ICOW Pacer Developed Markets Inte | Reduce -7.8% | 0.06% | −0.00 |
| CVX Chevron Corp. | Reduce -1.8% | 0.04% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.5% | 0.33% | −0.00 |
| MCD McDonald's Corp. | Reduce -2.2% | 0.05% | −0.00 |
| BAC Bank of America Corp. | Reduce -3.8% | 0.05% | −0.00 |
| MCK McKesson Corp. | Reduce -2.2% | 0.04% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -0.6% | 0.07% | −0.00 |
| WMT Walmart Inc. | Reduce -1.7% | 0.08% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| JTEK JPMorgan US Tech Leaders | New | 1.25% | +1.25 |
| RAAX Vaneck Real Assets ETF | New | 0.65% | +0.65 |
| IEFA iShares Core MSCI Eafe ETF | Add +13.1% | 3.33% | +0.31 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +4.9% | 7.22% | +0.18 |
| JHML John Hancock Multi Fact LRG | Add +11.9% | 1.97% | +0.16 |
| FDG American Century Focused DYN | Add +9.9% | 1.53% | +0.14 |
| PYLD PIMCO Multisector Bond Actv | Add +10.1% | 2.20% | +0.09 |
| PVAL Putnam Focused LRG Cap Value | Add +5.6% | 1.19% | +0.08 |
| IWR iShares Russell Mid-Cap ETF | New | 0.08% | +0.08 |
| SPAB SS SPDR P Agg Bond ETF | Add +10.6% | 1.71% | +0.08 |
| SPIP SS SPDR P Tips ETF | Add +11.4% | 1.69% | +0.07 |
| CGNG Cap Group New Geography Eq | New | 0.06% | +0.06 |
| JBND JPMorgan Active Bond ETF | Add +12.6% | 0.92% | +0.06 |
| MU Micron Technology Inc. | New | 0.05% | +0.05 |
| CRM Salesforce Inc. | New | 0.05% | +0.05 |
| APH Amphenol Corp. Class A | New | 0.04% | +0.04 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.04% | +0.04 |
| CGXU Cap Group Intl Focus | Add +17.0% | 0.36% | +0.04 |
| FNOV FT Vest US Equity Buffer ETF | Add +7.2% | 0.59% | +0.03 |
| FMB First Trust Managed Municipa | Add +6.2% | 1.53% | +0.03 |
| IVVB iShares Large Cap Deep Quart | Add +11.6% | 0.43% | +0.03 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +5.7% | 0.88% | +0.03 |
| IAU iShares Gold Trust | Add +3.3% | 0.27% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +3.9% | 1.34% | +0.02 |
| JHMM John Hancock Multi Fact Mid | Add +7.1% | 0.72% | +0.02 |
| AMZN Amazon.com Inc. | Add +10.8% | 0.22% | +0.02 |
| FVD First Trust Value Line DVD | Add +9.6% | 0.53% | +0.02 |
| SPHQ Invesco S&P 500 Quality ETF | Add +9.2% | 0.32% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.3% | 0.34% | +0.02 |
| DFCF Dimensional Core Fixed Inc. | Add +6.3% | 1.99% | +0.01 |
| DEM Wisdomtree Emerging Markets | Add +10.3% | 0.22% | +0.01 |
| FDVV Fidelity High Dividend ETF | Add +8.8% | 0.25% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +30.6% | 0.06% | +0.01 |
| DFIS Dimensional International SM | Add +3.8% | 0.33% | +0.01 |
| IUSV iShares Core S&P U.S. Value | Add +7.9% | 0.17% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +9.1% | 0.20% | +0.01 |
| TAXF American Century Diver Muni | Add +10.6% | 0.15% | +0.01 |
| F Ford Motor Co. | Add +0.2% | 0.10% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.2% | 0.12% | +0.00 |
| AVEE Avantis Em MKT SM Cap Eq ETF | Add +11.5% | 0.12% | +0.00 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.05% | +0.00 |
| XOM Exxon Mobil Corp. | Add +0.6% | 0.14% | +0.00 |
| DFAX Dimensional World Ex US Core | Add +0.8% | 2.00% | +0.00 |
| BA The Boeing Co. | Add +4.8% | 0.07% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +8.0% | 0.05% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.5% | 0.15% | −0.00 |
| FIS Fidelity National Info Serv | Add +2.2% | 0.06% | −0.00 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +4.9% | 0.42% | −0.00 |
| EFG iShares MSCI Eafe Growth ETF | Add +0.8% | 0.05% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Add +0.2% | 0.10% | −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 |