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

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $608.5M Q1 2024 Q2 2024: $620.8M Q2 2024 Q3 2024: $514.6M Q3 2024 Q4 2024: $654.2M Q4 2024 Q1 2025: $640.5M Q1 2025 Q2 2025: $699.5M Q2 2025 Q3 2025: $745.2M $745.2M Q3 2025 Q4 2025: $768.7M Q4 2025 Q1 2026: $805.9M Q1 2026 Q2 2026: $837.4M Q2 2026

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
BLDR Builders Firstsource Inc. 0.09% 5,223 $677K Add +8.6%
SO The Southern Co. 0.09% 6,928 $666K Add +0.0%
HD Home Depot Inc. 0.08% 1,509 $579K Add +1.1%
SLYV SS SPDR S&P 600 SC Val ETF 0.08% 6,503 $579K Add +0.5%
CRM Salesforce Inc. 0.08% 2,395 $576K Add +6.9%
AMZN Amazon.com Inc. 0.08% 2,517 $567K Add +51.8%
GLD SPDR Gold Shares 0.07% 1,433 $534K Reduce -1.0%
NFLX Netflix Inc. 0.07% 412 $500K No change
FMB First Trust Managed Municipa 0.06% 8,798 $448K No change
ORCL Oracle Corp. 0.06% 1,532 $442K Add +0.5%
BSX Boston Scientific Corp. 0.06% 4,494 $435K Reduce -0.2%
MRK Merck & Co. Inc. 0.06% 4,942 $427K Add +3.9%
CHD Church & Dwight Co. Inc. 0.06% 4,740 $421K Reduce -85.1%
MBB iShares MBS ETF 0.06% 4,342 $413K Reduce -5.8%
SPTS SS SPDR P St Term TSY ETF 0.05% 13,624 $399K Reduce -7.3%
WMT Walmart Inc. 0.05% 3,848 $396K Add +9.3%
GOOGL Alphabet Inc. Class A 0.05% 1,496 $366K Add +28.3%
GOOG Alphabet Inc. Class C 0.05% 1,425 $350K New
MA Mastercard Inc. Class A 0.04% 582 $335K Add +20.5%
ENDW Cambria Endowment Style ETF 0.04% 11,014 $335K No change
IVV iShares Core S&P 500 ETF 0.04% 473 $320K No change
AOM iShares Core 40/60 Moderate 0.04% 6,246 $298K No change
COST Costco Wholesale Corp. 0.04% 297 $272K Add +15.1%
AEP American Electric Power 0.04% 2,297 $271K No change
JNJ Johnson & Johnson 0.04% 1,411 $268K Reduce -1.3%
STLD Steel Dynamics Inc. 0.03% 1,635 $240K Add +0.1%
BA The Boeing Co. 0.03% 1,033 $233K Add +0.3%
CVX Chevron Corp. 0.03% 1,476 $227K Add +11.6%
LMT Lockheed Martin Corp. 0.03% 441 $227K Reduce -0.7%
SLVR Sprott SLVR Miner & PHY SLVR 0.03% 4,334 $205K New
XOM Exxon Mobil Corp. 0.03% 1,780 $203K New
IBRX Immunitybio Inc. 0.00% 10,000 $25K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 134$837.4MSPYM, IJR, AVDE, OEF, JSI
Q1 2026 132$805.9MSPYM, IJR, AVDE, OEF, JSI
Q4 2025 135$768.7MSPYM, IJR, OEF, AVDE, JSI
Q3 2025 132$745.2MSPYM, IJR, QQQ, OEF, AVDE
Q2 2025 128$699.5MSPYM, QEFA, IJR, QQQ, JSI
Q1 2025 113$640.5MSPYM, QEFA, JSI, LMBS, JMBS
Q4 2024 116$654.2MSPYM, QEFA, OEF, JSI, IJR
Q3 2024 116$514.6MSPTM, QEFA, VNLA, JAAA, LMBS
Q2 2024 114$620.8MSPYM, QEFA, TUA, FTSM, JSI
Q1 2024 114$608.5MSPYM, QEFA, TUA, JSI, JMBS