Financial Enhancement Group LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Financial Enhancement Group LLC reported 132 stock positions worth $745.2 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 7.0% of the portfolio, followed by iShares Core S&P Small-Cap E (IJR, 4.0%) and Invesco QQQ Trust Series 1 (QQQ, 3.8%). Compared with Q2 2025, it opened 14 new positions, sold out of 10, added to 68 and reduced 41. The biggest buy was Avantis International Equity (AVDE, shares +872%) and the biggest sale STSR SPD MSC Eaf Stgfs-US (QEFA, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- ANDERSON, IN
- CIK
- 0001641438
- Portfolio Value
- $745.2M (Q3 2025)
- SEC Filing
- 0001641438-25-000009 ↗ filed Oct 9, 2025
Holdings Value
Holdings 132 stocks · $745.2M
| SPYM Ste STR SPDR PT S&P 500 ETF | 7.05% | 663,226 | $52.5M | Reduce -2.9% |
| IJR iShares Core S&P Small-Cap E | 3.99% | 249,074 | $29.7M | Reduce -0.0% |
| QQQ Invesco QQQ Trust Series 1 | 3.84% | 46,842 | $28.6M | Add +0.3% |
| OEF iShares S&P 100 ETF | 3.61% | 79,924 | $26.9M | Add +2.0% |
| AVDE Avantis International Equity | 3.32% | 310,434 | $24.8M | Add +872.3% |
| JSI JH Securitized Income ETF | 3.30% | 471,262 | $24.6M | Add +0.5% |
| LGOV First TR Long Duration O-ETF | 3.14% | 1,069,400 | $23.4M | Reduce -8.0% |
| OMFL Invesco Russell 1000 DYN M/F | 2.73% | 336,549 | $20.3M | Add +0.5% |
| JMBS Janus Henderson Mortg Backed | 2.55% | 416,664 | $19.0M | Reduce -12.5% |
| VFLO Victoryshares Free Cash Flow | 2.30% | 451,702 | $17.2M | Add +0.5% |
| USMV iShares MSCI USA Min Vol Fac | 2.11% | 164,639 | $15.7M | Add +0.5% |
| LMBS First Trust Low Duration Opp | 2.07% | 309,533 | $15.4M | Reduce -16.1% |
| AAPL Apple Inc. | 2.01% | 57,972 | $15.0M | Add +8.0% |
| SPMO Invesco S&P 500 Momentum ETF | 1.97% | 120,670 | $14.7M | Reduce -0.8% |
| AVGO Broadcom Inc. | 1.86% | 40,040 | $13.8M | Reduce -18.1% |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 1.76% | 147,696 | $13.1M | Reduce -59.4% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.76% | 220,144 | $13.1M | Add +109.4% |
| V Visa Inc. Class A | 1.71% | 36,211 | $12.7M | Add +1.3% |
| PALC Pacer Lunt LRG Cap Multi-Fac | 1.67% | 241,126 | $12.4M | Reduce -1.9% |
| JAAA Janus Henderson Aaa Clo ETF | 1.65% | 243,500 | $12.3M | Reduce -0.4% |
| VNLA Janus Henderson Short Durati | 1.60% | 242,698 | $11.9M | Add +0.4% |
| LIN Linde PLC | 1.56% | 24,903 | $11.7M | Add +1.8% |
| XLC SS Comm Select Sector SPDR | 1.54% | 99,611 | $11.5M | Add +138.3% |
| FTSM First Trust Enh Short Mat FD | 1.53% | 190,612 | $11.4M | Add +239.9% |
| NVDA Nvidia Corp. | 1.41% | 55,635 | $10.5M | Add +1.5% |
| ICE Intercontinental Exchange Inc. | 1.39% | 65,071 | $10.4M | Add +1.8% |
| EFA iShares MSCI Eafe ETF | 1.37% | 107,673 | $10.2M | Add +0.1% |
| IVOL Quadratic Int Rte Vol Infl H | 1.23% | 473,171 | $9.2M | New |
| FTGC First Trust Global Tactical | 1.23% | 349,731 | $9.2M | Reduce -0.9% |
| FEZ State Street SPDR Euro Stoxx | 1.18% | 139,484 | $8.8M | Add +1.9% |
| PTLC Pacer Trendpilot US Large Ca | 1.18% | 158,301 | $8.8M | Reduce -1.3% |
| JEMB JH Em Debt Hard Currency ETF | 1.17% | 164,225 | $8.7M | Reduce -1.5% |
| ACWI iShares MSCI Acwi ETF | 1.15% | 61,395 | $8.6M | Add +16.0% |
| JPST JPMorgan Ultra-Short Income | 1.11% | 163,233 | $8.3M | Add +4.3% |
| FTLS First Trust Long/Short Eqty | 1.10% | 117,093 | $8.2M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 1.08% | 12,961 | $8.0M | Reduce -7.5% |
| GLDM SPDR Gold Minishares Trust | 1.04% | 96,581 | $7.7M | Reduce -10.9% |
| XLK SS Technology Select Sector | 0.97% | 24,846 | $7.2M | New |
| IVE iShares S&P 500 Value ETF | 0.90% | 32,268 | $6.7M | Reduce -1.5% |
| XLY SS Consumer Disc Select Sect | 0.90% | 28,367 | $6.7M | New |
| AGGH Simplify Aggregate Bond ETF | 0.84% | 302,807 | $6.3M | Add +8.9% |
| KR Kroger Co. | 0.84% | 92,206 | $6.3M | Add +9.3% |
| LFEQ Vaneck Long/Flat Trend ETF | 0.83% | 115,086 | $6.2M | Add +5.7% |
| QUAL iShares MSCI USA Quality Fac | 0.73% | 27,550 | $5.4M | Reduce -0.2% |
| IBIT iShares Bitcoin Trust ETF | 0.72% | 76,550 | $5.4M | Reduce -1.1% |
| SPEM State Street SP PTF Em ETF | 0.63% | 98,893 | $4.7M | Reduce -2.1% |
| XLF SS Financial Select Sector | 0.62% | 86,150 | $4.6M | Reduce -61.3% |
| XLI SS Industrial Select Sector | 0.60% | 28,796 | $4.5M | Reduce -60.7% |
| NEE Nextera Energy Inc. | 0.57% | 50,152 | $4.2M | Add +0.6% |
| HEQT Simplify Hedged Equity ETF | 0.55% | 129,925 | $4.1M | Add +5.9% |
| CAT Caterpillar Inc. | 0.52% | 7,725 | $3.9M | Add +925.9% |
| IPKW Invesco International Buybac | 0.52% | 72,928 | $3.9M | Add +3.6% |
| RSP Invesco S&P 500 Equal Weight | 0.47% | 18,143 | $3.5M | Reduce -3.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.45% | 4,945 | $3.3M | Add +10.6% |
| DBJP Xtrackers MSCI Japan Hedged | 0.41% | 34,005 | $3.0M | Reduce -1.5% |
| BX Blackstone Inc. | 0.40% | 18,574 | $3.0M | New |
| USMF Wisdomtree US Multifactor Fu | 0.39% | 56,210 | $2.9M | Add +5.5% |
| TPYP Tortoise North American Pipe | 0.39% | 80,415 | $2.9M | Add +4.9% |
| CCJ Cameco Corp. | 0.38% | 32,779 | $2.8M | Reduce -9.7% |
| GRNY Fundstr Gran SH US LRG Cap | 0.36% | 104,799 | $2.7M | Add +99.7% |
| MTUM iShares MSCI USA Momentum Fa | 0.34% | 9,889 | $2.5M | Add +104.2% |
| IMTM iShares MSCI Intl Momentum F | 0.34% | 52,631 | $2.5M | Reduce -4.0% |
| TAX Cambria Tax Aware ETF | 0.34% | 89,509 | $2.5M | No change |
| DHR Danaher Corp. | 0.33% | 12,057 | $2.5M | Add +10.1% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.32% | 28,982 | $2.4M | Reduce -1.9% |
| AIQ Global X Art Intel & Tech | 0.31% | 45,433 | $2.3M | Add +105.0% |
| KOMP SS SPDR S&P Kensho Ne Comp | 0.31% | 36,030 | $2.3M | Add +99.0% |
| FIW First Trust Water ETF | 0.29% | 18,674 | $2.1M | Add +3.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 4,261 | $2.1M | Add +3.0% |
| VWO Vanguard Ftse Emerging Marke | 0.26% | 35,294 | $1.9M | Reduce -2.9% |
| LLY Eli Lilly & Co. | 0.26% | 2,272 | $1.9M | Add +3.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.25% | 32,935 | $1.9M | Add +5.5% |
| VYM Vanguard High DVD Yield ETF | 0.25% | 13,316 | $1.9M | Add +5.1% |
| AFG American Financial Group Inc. | 0.25% | 12,662 | $1.9M | Reduce -0.0% |
| ROMO Strategy Shares Newfound | 0.24% | 52,121 | $1.8M | Add +4.0% |
| AMR Alpha Metallurgical Resource | 0.23% | 10,103 | $1.7M | New |
| RKLB Rocket Lab Corp. | 0.22% | 25,630 | $1.7M | New |
| MP MP Materials Corp. | 0.22% | 23,094 | $1.6M | New |
| MSFT Microsoft Corp. | 0.21% | 3,015 | $1.6M | Add +2.2% |
| PPA Invesco Aerospace & Defense | 0.19% | 9,099 | $1.5M | Add +4.1% |
| SPYC Simplify US Eqty Plus Convex | 0.19% | 33,411 | $1.4M | Reduce -1.1% |
| UIVM Victoryshares International | 0.18% | 21,658 | $1.3M | Add +5.5% |
| IQDG Wisdomtree Intl QLTY DVD GRW | 0.17% | 32,039 | $1.3M | Add +9.1% |
| TDW Tidewater Inc. | 0.15% | 21,371 | $1.1M | Add +1.4% |
| INDA iShares MSCI India ETF | 0.15% | 20,917 | $1.1M | Reduce -78.2% |
| MINT PIMCO Enhanced Short Maturit | 0.15% | 10,910 | $1.1M | Add +7.5% |
| FBT First Trust Nyse Arca Biotec | 0.15% | 5,820 | $1.1M | Add +2.9% |
| GEV GE Vernova Inc. | 0.14% | 1,706 | $1.1M | Reduce -51.1% |
| RPV Invesco S&P 500 Pure Value E | 0.14% | 10,362 | $1.0M | Reduce -1.4% |
| SHLS Shoals Technologies Group -A | 0.13% | 112,238 | $992K | New |
| RING iShares MSCI Global Gold Min | 0.12% | 13,407 | $900K | Reduce -26.8% |
| TSLA Tesla Inc. | 0.12% | 2,020 | $886K | Add +12.4% |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 4,043 | $881K | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 0.12% | 2,848 | $866K | Add +23.8% |
| BKNG Booking Holdings Inc. | 0.11% | 158 | $811K | Add +3.3% |
| BRO Brown & Brown Inc. | 0.11% | 8,428 | $809K | Add +11.3% |
| OMDA Omada Health Inc. | 0.11% | 32,776 | $786K | New |
| QLYS Qualys Inc. | 0.10% | 5,889 | $761K | No change |
| ORKA Oruka Therapeutics Inc. | 0.10% | 32,819 | $742K | New |
| AFL Aflac Inc. | 0.10% | 6,626 | $741K | New |
Portfolio Sells Q2 2025 → Q3 2025
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | Reduce -59.4% | 1.76% | −2.67 |
| XLF SS Financial Select Sector | Reduce -61.3% | 0.62% | −1.04 |
| XLI SS Industrial Select Sector | Reduce -60.7% | 0.60% | −0.97 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.93 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.73 |
| INDA iShares MSCI India ETF | Reduce -78.2% | 0.15% | −0.60 |
| LMBS First Trust Low Duration Opp | Reduce -16.1% | 2.07% | −0.52 |
| CIBR First Trust Nasdaq Cybersecu | Sold out | 0.00% | −0.49 |
| JMBS Janus Henderson Mortg Backed | Reduce -12.5% | 2.55% | −0.48 |
| CTA Simplify Managed Futures St | Sold out | 0.00% | −0.47 |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | Sold out | 0.00% | −0.44 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.43 |
| QIS Simplify Multi-Qis Alt ETF | Sold out | 0.00% | −0.39 |
| CHD Church & Dwight Co. Inc. | Reduce -85.1% | 0.06% | −0.39 |
| LGOV First TR Long Duration O-ETF | Reduce -8.0% | 3.14% | −0.36 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.33 |
| SPPP Sprott Physical Platinum And | Sold out | 0.00% | −0.24 |
| MSGE Madison Square Garden Entert | Sold out | 0.00% | −0.17 |
| GEV GE Vernova Inc. | Reduce -51.1% | 0.14% | −0.13 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -0.4% | 1.65% | −0.11 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -2.9% | 7.05% | −0.11 |
| VOO Vanguard S&P 500 ETF | Reduce -7.5% | 1.08% | −0.07 |
| PALC Pacer Lunt LRG Cap Multi-Fac | Reduce -1.9% | 1.67% | −0.07 |
| AVGO Broadcom Inc. | Reduce -18.1% | 1.86% | −0.06 |
| JEMB JH Em Debt Hard Currency ETF | Reduce -1.5% | 1.17% | −0.06 |
| FTGC First Trust Global Tactical | Reduce -0.9% | 1.23% | −0.05 |
| RSP Invesco S&P 500 Equal Weight | Reduce -3.7% | 0.47% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.0% | 3.99% | −0.03 |
| IVE iShares S&P 500 Value ETF | Reduce -1.5% | 0.90% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Reduce -1.1% | 0.72% | −0.02 |
| IMTM iShares MSCI Intl Momentum F | Reduce -4.0% | 0.34% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -0.2% | 0.06% | −0.01 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -7.3% | 0.05% | −0.01 |
| MBB iShares MBS ETF | Reduce -5.8% | 0.06% | −0.01 |
| RPV Invesco S&P 500 Pure Value E | Reduce -1.4% | 0.14% | −0.00 |
| SPYC Simplify US Eqty Plus Convex | Reduce -1.1% | 0.19% | −0.00 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -1.9% | 0.32% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.0% | 0.12% | −0.00 |
| LMT Lockheed Martin Corp. | Reduce -0.7% | 0.03% | +0.00 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.2% | 0.73% | +0.00 |
| CCJ Cameco Corp. | Reduce -9.7% | 0.38% | +0.00 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -1.3% | 1.18% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.9% | 0.26% | +0.00 |
| JNJ Johnson & Johnson | Reduce -1.3% | 0.04% | +0.00 |
| RING iShares MSCI Global Gold Min | Reduce -26.8% | 0.12% | +0.01 |
| GLD SPDR Gold Shares | Reduce -1.0% | 0.07% | +0.01 |
| GLDM SPDR Gold Minishares Trust | Reduce -10.9% | 1.04% | +0.01 |
| SPEM State Street SP PTF Em ETF | Reduce -2.1% | 0.63% | +0.01 |
| SPMO Invesco S&P 500 Momentum ETF | Reduce -0.8% | 1.97% | +0.02 |
| AFG American Financial Group Inc. | Reduce -0.0% | 0.25% | +0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AVDE Avantis International Equity | Add +872.3% | 3.32% | +2.98 |
| IVOL Quadratic Int Rte Vol Infl H | New | 1.23% | +1.23 |
| FTSM First Trust Enh Short Mat FD | Add +239.9% | 1.53% | +1.05 |
| XLK SS Technology Select Sector | New | 0.97% | +0.97 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +109.4% | 1.76% | +0.93 |
| XLC SS Comm Select Sector SPDR | Add +138.3% | 1.54% | +0.91 |
| XLY SS Consumer Disc Select Sect | New | 0.90% | +0.90 |
| CAT Caterpillar Inc. | Add +925.9% | 0.52% | +0.48 |
| BX Blackstone Inc. | New | 0.40% | +0.40 |
| AAPL Apple Inc. | Add +8.0% | 2.01% | +0.39 |
| AMR Alpha Metallurgical Resource | New | 0.23% | +0.23 |
| RKLB Rocket Lab Corp. | New | 0.22% | +0.22 |
| MP MP Materials Corp. | New | 0.22% | +0.22 |
| GRNY Fundstr Gran SH US LRG Cap | Add +99.7% | 0.36% | +0.19 |
| AIQ Global X Art Intel & Tech | Add +105.0% | 0.31% | +0.18 |
| MTUM iShares MSCI USA Momentum Fa | Add +104.2% | 0.34% | +0.18 |
| ACWI iShares MSCI Acwi ETF | Add +16.0% | 1.15% | +0.18 |
| OEF iShares S&P 100 ETF | Add +2.0% | 3.61% | +0.17 |
| KOMP SS SPDR S&P Kensho Ne Comp | Add +99.0% | 0.31% | +0.17 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.3% | 3.84% | +0.14 |
| SHLS Shoals Technologies Group -A | New | 0.13% | +0.13 |
| NVDA Nvidia Corp. | Add +1.5% | 1.41% | +0.12 |
| OMDA Omada Health Inc. | New | 0.11% | +0.11 |
| ORKA Oruka Therapeutics Inc. | New | 0.10% | +0.10 |
| AFL Aflac Inc. | New | 0.10% | +0.10 |
| LFEQ Vaneck Long/Flat Trend ETF | Add +5.7% | 0.83% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.6% | 0.45% | +0.05 |
| GOOG Alphabet Inc. Class C | New | 0.05% | +0.05 |
| AGGH Simplify Aggregate Bond ETF | Add +8.9% | 0.84% | +0.04 |
| TSLA Tesla Inc. | Add +12.4% | 0.12% | +0.04 |
| NEE Nextera Energy Inc. | Add +0.6% | 0.57% | +0.04 |
| SLVR Sprott SLVR Miner & PHY SLVR | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | New | 0.03% | +0.03 |
| IPKW Invesco International Buybac | Add +3.6% | 0.52% | +0.02 |
| AMZN Amazon.com Inc. | Add +51.8% | 0.08% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +23.8% | 0.12% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +28.3% | 0.05% | +0.02 |
| HEQT Simplify Hedged Equity ETF | Add +5.9% | 0.55% | +0.02 |
| PPA Invesco Aerospace & Defense | Add +4.1% | 0.19% | +0.02 |
| FBT First Trust Nyse Arca Biotec | Add +2.9% | 0.15% | +0.01 |
| DHR Danaher Corp. | Add +10.1% | 0.33% | +0.01 |
| ROMO Strategy Shares Newfound | Add +4.0% | 0.24% | +0.01 |
| LLY Eli Lilly & Co. | Add +3.7% | 0.26% | +0.01 |
| ORCL Oracle Corp. | Add +0.5% | 0.06% | +0.01 |
| IQDG Wisdomtree Intl QLTY DVD GRW | Add +9.1% | 0.17% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +5.1% | 0.25% | +0.01 |
| USMF Wisdomtree US Multifactor Fu | Add +5.5% | 0.39% | +0.01 |
| TPYP Tortoise North American Pipe | Add +4.9% | 0.39% | +0.01 |
| MA Mastercard Inc. Class A | Add +20.5% | 0.04% | +0.01 |
| UIVM Victoryshares International | Add +5.5% | 0.18% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 134 | $837.4M | SPYM, IJR, AVDE, OEF, JSI |
| Q1 2026 | 132 | $805.9M | SPYM, IJR, AVDE, OEF, JSI |
| Q4 2025 | 135 | $768.7M | SPYM, IJR, OEF, AVDE, JSI |
| Q3 2025 | 132 | $745.2M | SPYM, IJR, QQQ, OEF, AVDE |
| Q2 2025 | 128 | $699.5M | SPYM, QEFA, IJR, QQQ, JSI |
| Q1 2025 | 113 | $640.5M | SPYM, QEFA, JSI, LMBS, JMBS |
| Q4 2024 | 116 | $654.2M | SPYM, QEFA, OEF, JSI, IJR |
| Q3 2024 | 116 | $514.6M | SPTM, QEFA, VNLA, JAAA, LMBS |
| Q2 2024 | 114 | $620.8M | SPYM, QEFA, TUA, FTSM, JSI |
| Q1 2024 | 114 | $608.5M | SPYM, QEFA, TUA, JSI, JMBS |