Estate Counselors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Estate Counselors, LLC reported 113 stock positions worth $873.2 million. Its top holding was Brinsmere Fund Conservative (TBFC) at 32.3% of the portfolio, followed by Brinsmere Fund Growth ETF (TBFG, 31.7%) and Vanguard Total Intl Stock (VXUS, 3.5%). Compared with Q4 2023, it opened 39 new positions, sold out of 44, added to 12 and reduced 49. The biggest buy was a new position in Brinsmere Fund Conservative (TBFC) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −96%).

Most Recent 13F
Q2 2026
Location
Thiensville, WI
CIK
0001559832
Portfolio Value
$873.2M (Q1 2024)
SEC Filing
0001172661-24-002274 ↗ filed May 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $873.2M $873.2M Q1 2024 Q2 2024: $913.1M Q2 2024 Q3 2024: $965.2M Q3 2024 Q4 2024: $935.4M Q4 2024 Q1 2025: $964.7M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 113 stocks · $873.2M
TBFC Brinsmere Fund Conservative 32.34% 10,897,036 $282.4M New
TBFG Brinsmere Fund Growth ETF 31.71% 10,357,633 $276.9M New
VXUS Vanguard Total Intl Stock 3.46% 500,625 $30.2M Reduce -0.8%
XLC SS Comm Select Sector SPDR 2.81% 300,770 $24.6M Reduce -1.2%
VFH Vanguard Financials ETF 1.48% 126,280 $12.9M No change
XLB SS Materials Select Sector 1.42% 133,295 $12.4M Reduce -2.7%
XLP SS Consumer Staples Sel Sect 1.18% 135,275 $10.3M Reduce -1.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.07% 142,270 $9.3M Reduce -2.4%
XLI SS Industrial Select Sector 0.91% 63,015 $7.9M Reduce -1.3%
XLK SS Technology Select Sector 0.90% 37,585 $7.8M Reduce -0.8%
XLY SS Consumer Disc Select Sect 0.85% 40,400 $7.4M Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.83% 13,882 $7.3M Reduce -73.1%
XLE SS Energy Select Sector 0.80% 74,370 $7.0M Reduce -1.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.59% 15,028 $5.2M Reduce -88.4%
IJK iShares S&P Mid-Cap 400 Grow 0.57% 54,475 $5.0M Add +171.0%
IJR iShares Core S&P Small-Cap E 0.55% 43,275 $4.8M Add +9.4%
EFAV iShares MSCI Eafe Min Vol Fa 0.55% 67,430 $4.8M Add +0.5%
IVE iShares S&P 500 Value ETF 0.52% 24,085 $4.5M Reduce -10.3%
BND Vanguard Total Bond Market 0.51% 60,970 $4.4M Reduce -84.9%
FUTY Fidelity MSCI US Utilities 0.49% 101,530 $4.3M No change
IWM iShares Russell 2000 ETF 0.47% 19,465 $4.1M Add +68.8%
VTI VG Morningstar TS MKT ETF-US 0.42% 14,279 $3.7M Reduce -95.5%
BSV Vanguard Short-Term Bond ETF 0.38% 43,400 $3.3M Reduce -94.1%
VCLT Vanguard Long-Term Corp. Bond 0.37% 40,965 $3.2M New
BNDX Vanguard Total Intl Bond ETF 0.37% 65,025 $3.2M Reduce -61.2%
XLF SS Financial Select Sector 0.35% 72,730 $3.1M Reduce -8.3%
EMB iShares JP Morgan Usd Emergi 0.34% 33,100 $3.0M Reduce -14.0%
VRP Invesco Variable Rate Prefer 0.33% 122,055 $2.9M Reduce -11.8%
JNK SS SPDR BB High Yield Bond 0.33% 30,330 $2.9M Reduce -7.7%
CWB SS SPDR BB Conv Sec ETF 0.33% 39,520 $2.9M Reduce -18.0%
CEG Constellation Energy 0.32% 15,350 $2.8M Reduce -0.5%
NVDA Nvidia Corp. 0.29% 2,786 $2.5M Add +1.5%
QQQ Invesco QQQ Trust Series 1 0.28% 5,584 $2.5M Reduce -90.8%
CVNA Carvana Co. 0.28% 28,135 $2.5M New
BLDR Builders Firstsource Inc. 0.28% 11,850 $2.5M Reduce -2.2%
IWV iShares Russell 3000 ETF 0.27% 7,865 $2.4M Reduce -58.9%
VST Vistra Corp. 0.27% 33,880 $2.4M New
VGSH Vanguard Short-Term Treasury 0.27% 40,360 $2.3M Reduce -96.3%
IJH iShares Core S&P Midcap ETF 0.26% 37,175 $2.3M New
APP AppLovin Corp. Class A 0.26% 32,595 $2.3M New
MPC Marathon Petroleum Corp. 0.25% 10,730 $2.2M No change
STLD Steel Dynamics Inc. 0.25% 14,550 $2.2M Add +0.3%
PSX Phillips 66 0.24% 12,670 $2.1M No change
TRGP Targa Resources Corp. 0.23% 18,067 $2.0M Reduce -0.6%
W Wayfair Inc. Class A 0.23% 29,580 $2.0M New
VTV Vanguard Mrngstr Val ETF-Aui 0.23% 12,110 $2.0M Reduce -95.4%
VRT Vertiv Holdings Co. Class A 0.22% 23,450 $1.9M New
BLV Vanguard Long-Term Bond ETF 0.22% 25,975 $1.9M New
P Everpure Inc. Class A filed as PURE STORAGE INC 0.21% 35,515 $1.8M New
VLO Valero Energy Corp. 0.21% 10,785 $1.8M No change
OVV Ovintiv Inc. 0.21% 35,275 $1.8M New
MCK McKesson Corp. 0.21% 3,405 $1.8M No change
PHM Pultegroup Inc. 0.20% 14,690 $1.8M Reduce -36.3%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.20% 19,860 $1.8M New
ALB Albemarle Corp. 0.20% 13,350 $1.8M New
UAL United Airlines Holdings Inc. 0.19% 35,355 $1.7M New
OC Owens Corning 0.19% 10,130 $1.7M Add +102.2%
LLY Eli Lilly & Co. 0.19% 2,143 $1.7M New
LII Lennox International Inc. 0.19% 3,360 $1.6M New
CCL Carnival Corp. 0.19% 99,700 $1.6M New
WAL Western Alliance Bancorp 0.19% 25,360 $1.6M New
NTNX Nutanix Inc. Class A 0.18% 26,180 $1.6M New
CCC CCC Intelligent Solutions Ho 0.18% 133,445 $1.6M New
ALSN Allison Transmission Holding 0.18% 19,595 $1.6M Add +1.1%
SHV iShares 0-1 Year Treasury Bo 0.18% 14,273 $1.6M Reduce -92.5%
BILL Bill Holdings Inc. 0.18% 22,895 $1.6M New
META Meta Platforms Inc. Class A 0.18% 3,240 $1.6M Reduce -34.1%
FCNCA First Citizens Bcshs Class A 0.18% 960 $1.6M No change
GEN Gen Digital Inc. 0.18% 70,000 $1.6M New
DKNG Draftkings Inc. Class A 0.18% 34,215 $1.6M New
AFRM Affirm Holdings Inc. 0.18% 41,645 $1.6M New
XPO Xpo Inc. 0.18% 12,575 $1.5M New
APO Apollo Global Management Inc. 0.18% 13,598 $1.5M Reduce -40.6%
ACI Albertsons Cos Inc. Class A 0.17% 70,210 $1.5M New
UBER Uber Technologies Inc. 0.17% 19,315 $1.5M New
AKAM Akamai Technologies Inc. 0.16% 13,150 $1.4M New
JBL Jabil Inc. 0.16% 10,645 $1.4M New
SOFI Sofi Technologies Inc. 0.15% 180,580 $1.3M New
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.15% 4,555 $1.3M Reduce -94.1%
ESTC Elastic NV 0.14% 12,140 $1.2M New
VCIT Vanguard Int-Term Corporate 0.14% 14,935 $1.2M Reduce -95.8%
DVN Devon Energy Corp. 0.13% 23,355 $1.2M Add +0.4%
APA Apa Corp. 0.13% 33,625 $1.2M Add +5.0%
ZS Zscaler Inc. 0.13% 5,990 $1.2M New
MDB Mongodb Inc. 0.13% 3,115 $1.1M New
ADBE Adobe Inc. 0.13% 2,181 $1.1M Add +2.4%
NOBL Proshares S&P 500 Dividend A 0.12% 10,310 $1.0M Reduce -51.0%
IWF iShares Russell 1000 Growth 0.12% 3,006 $1.0M Reduce -81.2%
AGG iShares Core U.S. Aggregate 0.11% 10,045 $984K Reduce -36.5%
EMR Emerson Electric Co. 0.10% 8,010 $908K No change
PLTR Palantir Technologies Inc. Class A 0.09% 34,255 $788K Add +4.4%
RSP Invesco S&P 500 Equal Weight 0.09% 4,417 $748K Reduce -85.8%
PDBC Invesco Optimum Yield Divers 0.08% 48,175 $668K Reduce -93.8%
VB Vanguard Most SM-Cap ETF-Usd 0.07% 2,525 $577K Reduce -97.7%
XLRE SS Real Estate Select Sector 0.06% 13,680 $541K Reduce -96.0%
BIV Vanguard Intermediate-Term B 0.06% 6,880 $519K Reduce -96.3%
TLT iShares 20+ Year Treasury BD 0.06% 5,275 $499K New
MTUM iShares MSCI USA Momentum Fa 0.05% 2,400 $450K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.04% 1,435 $374K New
FMBH First Mid Bancshares Inc. 0.04% 11,385 $372K No change
PDP Invesco Dorsey Wright Moment 0.04% 3,450 $341K No change
IWP iShares Russell Mid-Cap Grow 0.04% 2,885 $329K Reduce -94.8%
VYM Vanguard High DVD Yield ETF 0.04% 2,710 $328K Reduce -96.0%
IEFA iShares Core MSCI Eafe ETF 0.04% 4,410 $327K No change
AOM iShares Core 40/60 Moderate 0.04% 7,150 $306K New
EAGG iShares ESG Aware US Aggrega 0.03% 5,950 $280K Reduce -58.3%
MBB iShares MBS ETF 0.03% 3,020 $279K New
VCSH Vanguard S/T Corp. Bond ETF 0.03% 3,495 $270K Reduce -96.5%
NUSC Nuveen ESG Small-Cap ETF 0.03% 6,450 $268K New
SPLV Invesco S&P 500 Low Volatili 0.03% 3,900 $257K No change
ESGV Vanguard ESG US Stock ETF 0.03% 2,340 $218K Reduce -42.1%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.02% 2,660 $207K Reduce -92.3%
AMARIN CORP PLC 0.00% 15,000 $13K Reduce -90.9%

Portfolio Sells Q4 2023 → Q1 2024
VTI VG Morningstar TS MKT ETF-US Reduce -95.5% 0.42% −8.93
VGSH Vanguard Short-Term Treasury Reduce -96.3% 0.27% −7.58
BSV Vanguard Short-Term Bond ETF Reduce -94.1% 0.38% −6.59
VTV Vanguard Mrngstr Val ETF-Aui Reduce -95.4% 0.23% −4.62
VUG Vanguard Mrngstar GR ETF-Sui Reduce -88.4% 0.59% −4.38
VCIT Vanguard Int-Term Corporate Reduce -95.8% 0.14% −3.39
BND Vanguard Total Bond Market Reduce -84.9% 0.51% −3.16
VB Vanguard Most SM-Cap ETF-Usd Reduce -97.7% 0.07% −2.88
QQQ Invesco QQQ Trust Series 1 Reduce -90.8% 0.28% −2.80
SHV iShares 0-1 Year Treasury Bo Reduce -92.5% 0.18% −2.42
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -94.1% 0.15% −2.32
SPY SS SPDR S&P 500 ETF Trust-US Reduce -73.1% 0.83% −2.20
BIV Vanguard Intermediate-Term B Reduce -96.3% 0.06% −1.67
XLRE SS Real Estate Select Sector Reduce -96.0% 0.06% −1.63
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −1.21
PDBC Invesco Optimum Yield Divers Reduce -93.8% 0.08% −1.21
VCSH Vanguard S/T Corp. Bond ETF Reduce -96.5% 0.03% −0.93
VYM Vanguard High DVD Yield ETF Reduce -96.0% 0.04% −0.90
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.88
TIP iShares Tips Bond ETF Sold out 0.00% −0.83
VIG Vanguard Dividend Apprec ETF Sold out 0.00% −0.69
IWP iShares Russell Mid-Cap Grow Reduce -94.8% 0.04% −0.67
BNDX Vanguard Total Intl Bond ETF Reduce -61.2% 0.37% −0.65
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.54
RSP Invesco S&P 500 Equal Weight Reduce -85.8% 0.09% −0.52
IWF iShares Russell 1000 Growth Reduce -81.2% 0.12% −0.48
IWV iShares Russell 3000 ETF Reduce -58.9% 0.27% −0.38
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -92.3% 0.02% −0.31
DKS Dick's Sporting Goods Inc. Sold out 0.00% −0.25
DHI D.R. Horton Inc. Sold out 0.00% −0.25
LRCX Lam Research Corp. Sold out 0.00% −0.24
CAH Cardinal Health Inc. Sold out 0.00% −0.24
HUBB Hubbell Inc. Sold out 0.00% −0.22
ERIE Erie Indemnity Company Class A Sold out 0.00% −0.22
QCOM Qualcomm Inc. Sold out 0.00% −0.22
IONS Ionis Pharmaceuticals Inc. Sold out 0.00% −0.20
CARR Carrier Global Corp. Sold out 0.00% −0.20
IJJ iShares S&P Mid-Cap 400 Valu Sold out 0.00% −0.20
LNG Cheniere Energy Inc. Sold out 0.00% −0.18
EXPD Expeditors Intl Wash Inc. Sold out 0.00% −0.18
OXY Occidental Petroleum Corp. Sold out 0.00% −0.18
LW Lamb Weston Holdings Inc. Sold out 0.00% −0.18
FANG Diamondback Energy Inc. Sold out 0.00% −0.17
AMP Ameriprise Financial Inc. Sold out 0.00% −0.17
FCX Freeport-McMoran Inc. Sold out 0.00% −0.17
AZPN Aspen Technology Inc. Sold out 0.00% −0.17
CTRA Coterra Energy Inc. Sold out 0.00% −0.17
NUE Nucor Corp. Sold out 0.00% −0.17
FSLR First Solar Inc. Sold out 0.00% −0.17
OMC Omnicom Group Sold out 0.00% −0.17

Portfolio Buys Q4 2023 → Q1 2024
TBFC Brinsmere Fund Conservative New 32.34% +32.34
TBFG Brinsmere Fund Growth ETF New 31.71% +31.71
IJK iShares S&P Mid-Cap 400 Grow Add +171.0% 0.57% +0.37
VCLT Vanguard Long-Term Corp. Bond New 0.37% +0.37
CVNA Carvana Co. New 0.28% +0.28
VST Vistra Corp. New 0.27% +0.27
IJH iShares Core S&P Midcap ETF New 0.26% +0.26
APP AppLovin Corp. Class A New 0.26% +0.26
W Wayfair Inc. Class A New 0.23% +0.23
VRT Vertiv Holdings Co. Class A New 0.22% +0.22
BLV Vanguard Long-Term Bond ETF New 0.22% +0.22
P Everpure Inc. Class A New 0.21% +0.21
OVV Ovintiv Inc. New 0.21% +0.21
EXE Expand Energy Corp. New 0.20% +0.20
ALB Albemarle Corp. New 0.20% +0.20
UAL United Airlines Holdings Inc. New 0.19% +0.19
LLY Eli Lilly & Co. New 0.19% +0.19
LII Lennox International Inc. New 0.19% +0.19
CCL Carnival Corp. New 0.19% +0.19
WAL Western Alliance Bancorp New 0.19% +0.19
NTNX Nutanix Inc. Class A New 0.18% +0.18
IWM iShares Russell 2000 ETF Add +68.8% 0.47% +0.18
CCC CCC Intelligent Solutions Ho New 0.18% +0.18
BILL Bill Holdings Inc. New 0.18% +0.18
GEN Gen Digital Inc. New 0.18% +0.18
DKNG Draftkings Inc. Class A New 0.18% +0.18
AFRM Affirm Holdings Inc. New 0.18% +0.18
XPO Xpo Inc. New 0.18% +0.18
ACI Albertsons Cos Inc. Class A New 0.17% +0.17
UBER Uber Technologies Inc. New 0.17% +0.17
AKAM Akamai Technologies Inc. New 0.16% +0.16
JBL Jabil Inc. New 0.16% +0.16
SOFI Sofi Technologies Inc. New 0.15% +0.15
ESTC Elastic NV New 0.14% +0.14
ZS Zscaler Inc. New 0.13% +0.13
MDB Mongodb Inc. New 0.13% +0.13
NVDA Nvidia Corp. Add +1.5% 0.29% +0.12
OC Owens Corning Add +102.2% 0.19% +0.10
TLT iShares 20+ Year Treasury BD New 0.06% +0.06
ALSN Allison Transmission Holding Add +1.1% 0.18% +0.04
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.04% +0.04
STLD Steel Dynamics Inc. Add +0.3% 0.25% +0.04
AOM iShares Core 40/60 Moderate New 0.04% +0.04
MBB iShares MBS ETF New 0.03% +0.03
NUSC Nuveen ESG Small-Cap ETF New 0.03% +0.03
PLTR Palantir Technologies Inc. Class A Add +4.4% 0.09% +0.02
IJR iShares Core S&P Small-Cap E Add +9.4% 0.55% +0.02
DVN Devon Energy Corp. Add +0.4% 0.13% +0.00
APA Apa Corp. Add +5.0% 0.13% −0.01
EFAV iShares MSCI Eafe Min Vol Fa Add +0.5% 0.55% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 91$1.2BTBFG, TBFC, VXUS, CWB, EMB
Q1 2026 97$1.1BTBFG, TBFC, VXUS, TLH, BND
Q4 2025 90$1.2BTBFG, TBFC, VXUS, XLV, XLB
Q3 2025 89$1.2BTBFG, TBFC, VXUS, XLP, VTI
Q2 2025 82$1.0BTBFC, TBFG, VXUS, XLP, BSV
Q1 2025 91$964.7MTBFC, TBFG, SHV, VFH, XLP
Q4 2024 101$935.4MTBFC, TBFG, VXUS, VFH, XLP
Q3 2024 108$965.2MTBFC, TBFG, VXUS, XLB, VFH
Q2 2024 112$913.1MTBFC, TBFG, VXUS, XLB, VFH
Q1 2024 113$873.2MTBFC, TBFG, VXUS, XLC, VFH