Financial Perspectives, Inc
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 18, 2025), Financial Perspectives, Inc reported 716 stock positions worth $292.1 million. Its top holding was Medtronic (MDT) at 6.9% of the portfolio, followed by Vanguard High DVD Yield ETF (VYM, 6.1%) and Vanguard Info Tech ETF (VGT, 5.1%). Compared with Q4 2024, it opened 6 new positions, sold out of 10, added to 144 and reduced 89. The biggest buy was Vanguard Int High DVD YLD (VYMI, shares +8%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002003287
- Portfolio Value
- $292.1M (Q1 2025)
- SEC Filing
- 0002003287-25-000003 ↗ filed Apr 18, 2025
Holdings Value
Holdings 716 stocks · $292.1M
| MDT Medtronic PLC | 6.86% | 222,979 | $20.0M | Reduce -1.8% |
| VYM Vanguard High DVD Yield ETF | 6.06% | 135,633 | $17.7M | Reduce -0.2% |
| VGT Vanguard Info Tech ETF | 5.14% | 27,607 | $15.0M | Add +4.1% |
| AAPL Apple Inc. | 4.85% | 63,707 | $14.2M | Reduce -1.4% |
| BSX Boston Scientific Corp. | 4.74% | 137,192 | $13.8M | Reduce -5.3% |
| MSFT Microsoft Corp. | 4.26% | 33,110 | $12.4M | Reduce -1.3% |
| IVW iShares S&P 500 Growth ETF | 2.94% | 92,656 | $8.6M | Reduce -0.8% |
| HDV iShares Core High Dividend E | 2.93% | 70,672 | $8.6M | Add +0.7% |
| VIGI Vanguard Int Div App Indx FD | 2.92% | 102,917 | $8.5M | Add +4.0% |
| VIG Vanguard Dividend Apprec ETF | 2.86% | 43,016 | $8.3M | Reduce -2.1% |
| VYMI Vanguard Int High DVD YLD Inc. | 2.74% | 108,410 | $8.0M | Add +7.9% |
| FSTA Fidelity MSCI Cons Stap Indx | 2.02% | 114,419 | $5.9M | Add +3.2% |
| AVGO Broadcom Inc. | 1.88% | 32,711 | $5.5M | Add +0.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.80% | 31,719 | $5.3M | Add +1.3% |
| NVDA Nvidia Corp. | 1.71% | 45,958 | $5.0M | Add +2.8% |
| FTEC Fidelity MSCI Info Tech Indx | 1.55% | 28,142 | $4.5M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 1.48% | 27,528 | $4.3M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 1.36% | 20,785 | $4.0M | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.32% | 6,912 | $3.9M | Add +7.7% |
| IVV iShares Core S&P 500 ETF | 1.30% | 6,600 | $3.8M | Add +1.0% |
| DGRO iShares Core Dividend Growth | 1.18% | 55,887 | $3.5M | Add +8.2% |
| VOO Vanguard S&P 500 ETF | 1.05% | 5,986 | $3.1M | Reduce -1.3% |
| MELI MercadoLibre Inc. | 0.95% | 1,429 | $2.8M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.94% | 13,135 | $2.8M | Add +0.0% |
| JPST JPMorgan Ultra-Short Income | 0.92% | 53,152 | $2.7M | Add +29.6% |
| VDC Vanguard Consumer Staple ETF | 0.87% | 11,632 | $2.5M | Add +9.9% |
| META Meta Platforms Inc. Class A | 0.83% | 4,212 | $2.4M | Add +3.0% |
| JPM JPMorgan Chase & Co. | 0.82% | 9,715 | $2.4M | Add +0.0% |
| UNH Unitedhealth Group Inc. | 0.80% | 4,461 | $2.3M | Add +0.0% |
| TSLA Tesla Inc. | 0.77% | 8,657 | $2.2M | Add +10.4% |
| MMM 3M Co. | 0.71% | 14,024 | $2.1M | Add +1.3% |
| IDV iShares International Select | 0.62% | 58,729 | $1.8M | Reduce -0.5% |
| SHOP Shopify Inc. Class A | 0.60% | 18,222 | $1.7M | No change |
| SE Sea Ltd.-ADR | 0.59% | 13,282 | $1.7M | Reduce -0.1% |
| IYW iShares Ustechnology ETF | 0.58% | 12,067 | $1.7M | Add +0.5% |
| CGGR Cap Group Growth Equity | 0.57% | 48,308 | $1.7M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 2,798 | $1.5M | Reduce -1.9% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.50% | 51,364 | $1.5M | Add +19.0% |
| FENY Fidelity MSCI Energy Index | 0.48% | 54,806 | $1.4M | Add +0.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.46% | 2,837 | $1.3M | Reduce -7.0% |
| JNJ Johnson & Johnson | 0.45% | 7,985 | $1.3M | Reduce -1.5% |
| IWF iShares Russell 1000 Growth | 0.40% | 3,261 | $1.2M | Add +0.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.39% | 6,667 | $1.2M | Add +0.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.39% | 1,717 | $1.1M | No change |
| ABT Abbott Laboratories | 0.38% | 8,468 | $1.1M | No change |
| AMGN Amgen Inc. | 0.38% | 3,576 | $1.1M | Add +0.1% |
| GIS General Mills Inc. | 0.37% | 18,262 | $1.1M | No change |
| COST Costco Wholesale Corp. | 0.36% | 1,120 | $1.1M | Add +37.4% |
| VDE Vanguard Energy ETF | 0.31% | 6,971 | $904K | Add +0.2% |
| GILD Gilead Sciences Inc. | 0.31% | 8,054 | $902K | No change |
| VHT Vanguard Health Care ETF | 0.30% | 3,311 | $877K | Add +1.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.30% | 24,230 | $876K | No change |
| VEA Vanguard Ftse Developed ETF | 0.30% | 17,197 | $874K | Add +1.0% |
| VNQ Vanguard Real Estate ETF | 0.29% | 9,505 | $861K | Add +0.0% |
| USB US Bancorp | 0.29% | 20,137 | $850K | Reduce -0.5% |
| IETC iShares U.S. Tech Independen | 0.28% | 10,245 | $815K | Reduce -4.9% |
| SCHD Schwab US DVD Equity ETF | 0.27% | 28,185 | $788K | Add +7.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.27% | 11,256 | $782K | No change |
| TDIV FT Nasdaq Tech DVD Index FD | 0.24% | 9,685 | $713K | Add +68.1% |
| HDB HDFC Bank Ltd.-ADR | 0.24% | 10,633 | $706K | No change |
| RBRK Rubrik Inc. Class A | 0.23% | 11,205 | $683K | No change |
| HD Home Depot Inc. | 0.22% | 1,774 | $650K | Reduce -2.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 2,336 | $642K | Add +0.3% |
| IWM iShares Russell 2000 ETF | 0.22% | 3,181 | $635K | Add +11.9% |
| ORCL Oracle Corp. | 0.22% | 4,534 | $634K | No change |
| GOOGL Alphabet Inc. Class A | 0.22% | 4,096 | $633K | Add +3.6% |
| VCR Vanguard Consumer Discre ETF | 0.22% | 1,935 | $630K | Add +5.7% |
| HON Honeywell International Inc. | 0.22% | 2,974 | $630K | No change |
| MA Mastercard Inc. Class A | 0.22% | 1,137 | $629K | Reduce -2.6% |
| IFRA iShares US Infrastructure | 0.21% | 13,635 | $615K | No change |
| T AT&T Inc. | 0.20% | 20,173 | $570K | Add +0.3% |
| SMH Vaneck Semiconductor ETF | 0.20% | 2,693 | $569K | No change |
| CMCSA Comcast Corp. Class A | 0.19% | 15,331 | $566K | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 5,583 | $551K | Reduce -5.5% |
| XOM Exxon Mobil Corp. | 0.19% | 4,605 | $548K | Reduce -19.3% |
| ISRG Intuitive Surgical Inc. | 0.18% | 1,091 | $540K | No change |
| EFV iShares MSCI Eafe Value ETF | 0.17% | 8,643 | $509K | Add +4.3% |
| IJR iShares Core S&P Small-Cap E | 0.17% | 4,808 | $503K | Add +4.5% |
| CNQ Canadian Natural Resources | 0.17% | 16,244 | $500K | Add +0.2% |
| BN Brookfield Corp. | 0.17% | 9,494 | $498K | No change |
| MO Altria Group Inc. | 0.17% | 8,069 | $484K | Reduce -2.0% |
| IEMG iShares Core MSCI Emerging | 0.16% | 8,861 | $478K | Add +0.6% |
| V Visa Inc. Class A | 0.16% | 1,353 | $474K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.16% | 6,230 | $471K | Add +1.5% |
| BIPC Brookfield Infrastructure-A | 0.16% | 12,852 | $465K | Add +0.1% |
| PFE Pfizer Inc. | 0.16% | 18,288 | $463K | Reduce -1.0% |
| IMCB iShares Morningstar Mid-Cap | 0.15% | 5,895 | $437K | Add +18.7% |
| NOW ServiceNow Inc. | 0.15% | 545 | $434K | No change |
| SRE Sempra | 0.15% | 6,057 | $432K | Reduce -1.6% |
| CGW Invesco S&P Global Water Ind | 0.14% | 7,257 | $404K | No change |
| CARR Carrier Global Corp. | 0.14% | 6,262 | $397K | Add +0.0% |
| FESM Fidelity Enhanced Small Cap | 0.13% | 13,315 | $393K | Add +12.3% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.13% | 4,851 | $378K | No change |
| IGRO iShares Intl Div Growth ETF | 0.13% | 5,203 | $377K | Add +0.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.13% | 1,002 | $371K | Reduce -27.0% |
| TGT Target Corp. | 0.13% | 3,533 | $369K | No change |
| WMT Walmart Inc. | 0.13% | 4,167 | $366K | Reduce -8.1% |
| VT Vanguard Tot World STK ETF | 0.12% | 3,086 | $358K | Add +7.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.12% | 3,570 | $357K | Add +5.3% |
| DFE Wisdomtree Eur S/C Dividend | 0.12% | 5,853 | $357K | Add +0.5% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $34K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 15,000 | $15K | No change |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 10,000 | $10K | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 10,000 | $9K | No change |
Lines left out (5) · $1K — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| FROG Jfrog Ltd. | ORD SHS | 0 | $768 |
| RNG Ringcentral Inc. Class A | CL A | 0 | $124 |
| JMIA Jumia Technologies AG-ADR | SPONSORED ADS | 0 | $73 |
| LI Li Auto Inc. - ADR | SPONSORED ADS | 0 | $50 |
| CHGG Chegg Inc. | COM | 0 | $45 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $292.1M.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -1.4% | 4.85% | −0.59 |
| MSFT Microsoft Corp. | Reduce -1.3% | 4.26% | −0.49 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 1.48% | −0.29 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.8% | 2.94% | −0.24 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 1.36% | −0.18 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.0% | 0.46% | −0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -27.0% | 0.13% | −0.06 |
| VOO Vanguard S&P 500 ETF | Reduce -1.3% | 1.05% | −0.04 |
| CSR Centerspace | Reduce -50.0% | 0.04% | −0.04 |
| USB US Bancorp | Reduce -0.5% | 0.29% | −0.03 |
| SRE Sempra | Reduce -1.6% | 0.15% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.1% | 2.86% | −0.03 |
| DIS The Walt Disney Co. | Reduce -5.5% | 0.19% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -30.3% | 0.09% | −0.03 |
| IETC iShares U.S. Tech Independen | Reduce -4.9% | 0.28% | −0.03 |
| XEL Xcel Energy Inc. | Reduce -62.5% | 0.02% | −0.03 |
| XLK SS Technology Select Sector | Reduce -66.4% | 0.01% | −0.03 |
| XYZ Block Inc. | Reduce -1.6% | 0.04% | −0.02 |
| BAC Bank of America Corp. | Reduce -14.8% | 0.10% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -19.3% | 0.19% | −0.02 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -11.2% | 0.08% | −0.02 |
| TD Toronto-Dominion Bank | Reduce -80.8% | 0.00% | −0.02 |
| HD Home Depot Inc. | Reduce -2.9% | 0.22% | −0.02 |
| CGDV Cap Group Dividend Value | Reduce -15.7% | 0.10% | −0.01 |
| ARKK ARK Innovation ETF | Reduce -6.1% | 0.05% | −0.01 |
| WMT Walmart Inc. | Reduce -8.1% | 0.13% | −0.01 |
| ARKW ARK Next Generation Technolo | Reduce -5.7% | 0.06% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -36.5% | 0.02% | −0.01 |
| DLR Digital Realty Trust Inc. | Reduce -19.9% | 0.02% | −0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -22.6% | 0.02% | −0.01 |
| ASB Associated Banc-Corp. | Reduce -5.0% | 0.09% | −0.01 |
| IUSG iShares Core S&P U.S. Growth | Reduce -1.1% | 0.09% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -0.9% | 0.03% | −0.01 |
| ILMN Illumina Inc. | Reduce -2.8% | 0.01% | −0.01 |
| ARKG ARK Genomic Revolution ETF | Reduce -8.1% | 0.03% | −0.01 |
| SO The Southern Co. | Reduce -81.5% | 0.00% | −0.01 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.0% | 0.16% | −0.01 |
| TEAM Atlassian Corp. Class A | Reduce -1.2% | 0.05% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -15.6% | 0.04% | −0.01 |
| WELL Welltower Inc. | Reduce -37.6% | 0.02% | −0.01 |
| AEP American Electric Power | Reduce -53.6% | 0.01% | −0.01 |
| CSX CSX Corp. | Reduce -15.7% | 0.02% | −0.00 |
| ENB Enbridge Inc. | Reduce -20.1% | 0.03% | −0.00 |
| CVX Chevron Corp. | Reduce -18.6% | 0.10% | −0.00 |
| ARKF ARK Blockchain & Fintech Inn | Reduce -4.1% | 0.03% | −0.00 |
| ARKQ ARK Autonomous Tech & Robot | Reduce -0.5% | 0.03% | −0.00 |
| WFC Wells Fargo & Co. | Reduce -15.1% | 0.03% | −0.00 |
| CRSP Crispr Therapeutics AG | Reduce -0.5% | 0.03% | −0.00 |
| ETHE Grayscale Ethereum Staking E | Reduce -29.9% | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| VYMI Vanguard Int High DVD YLD Inc. | Add +7.9% | 2.74% | +0.44 |
| HDV iShares Core High Dividend E | Add +0.7% | 2.93% | +0.28 |
| VIGI Vanguard Int Div App Indx FD | Add +4.0% | 2.92% | +0.26 |
| JPST JPMorgan Ultra-Short Income | Add +29.6% | 0.92% | +0.23 |
| FSTA Fidelity MSCI Cons Stap Indx | Add +3.2% | 2.02% | +0.18 |
| ABBV Abbvie Inc. | Add +0.0% | 0.94% | +0.16 |
| VDC Vanguard Consumer Staple ETF | Add +9.9% | 0.87% | +0.12 |
| DGRO iShares Core Dividend Growth | Add +8.2% | 1.18% | +0.12 |
| COST Costco Wholesale Corp. | Add +37.4% | 0.36% | +0.11 |
| MMM 3M Co. | Add +1.3% | 0.71% | +0.11 |
| TDIV FT Nasdaq Tech DVD Index FD | Add +68.1% | 0.24% | +0.09 |
| CGGO Cap Group Global Growth | Add +19.0% | 0.50% | +0.07 |
| AMGN Amgen Inc. | Add +0.1% | 0.38% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.7% | 1.32% | +0.06 |
| MSTR Strategy Inc. | Add +348.5% | 0.07% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +0.0% | 0.80% | +0.04 |
| T AT&T Inc. | Add +0.3% | 0.20% | +0.04 |
| FENY Fidelity MSCI Energy Index | Add +0.0% | 0.48% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 0.82% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +7.4% | 0.27% | +0.03 |
| EFV iShares MSCI Eafe Value ETF | Add +4.3% | 0.17% | +0.03 |
| META Meta Platforms Inc. Class A | Add +3.0% | 0.83% | +0.03 |
| VDE Vanguard Energy ETF | Add +0.2% | 0.31% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +1.0% | 0.30% | +0.03 |
| VHT Vanguard Health Care ETF | Add +1.8% | 0.30% | +0.02 |
| IMCB iShares Morningstar Mid-Cap | Add +18.7% | 0.15% | +0.02 |
| CGBL Cap Group Core Balanced | New | 0.02% | +0.02 |
| FDVV Fidelity High Dividend ETF | Add +28.0% | 0.07% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.5% | 0.16% | +0.02 |
| XMAG Defiance Le Cap Ex-Mag 7 ETF | New | 0.02% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.3% | 0.39% | +0.02 |
| SOLV Solventum Corp. | Add +1.5% | 0.08% | +0.01 |
| VALE Vale SA-SP ADR | Add +0.5% | 0.09% | +0.01 |
| EFG iShares MSCI Eafe Growth ETF | Add +5.3% | 0.12% | +0.01 |
| IXN iShares Global Tech ETF | Add +34.1% | 0.06% | +0.01 |
| CGMU Cap Group Municipal Income | New | 0.01% | +0.01 |
| DFE Wisdomtree Eur S/C Dividend | Add +0.5% | 0.12% | +0.01 |
| CGIE Cap Group Intl Equity | New | 0.01% | +0.01 |
| IDHQ Invesco S&P International DE | Add +73.3% | 0.02% | +0.01 |
| XLE SS Energy Select Sector | Add +0.7% | 0.10% | +0.01 |
| IGRO iShares Intl Div Growth ETF | Add +0.3% | 0.13% | +0.01 |
| FHLC Fidelity MSCI Health Care | Add +25.9% | 0.04% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +0.0% | 0.29% | +0.01 |
| USMV iShares MSCI USA Min Vol Fac | Add +24.8% | 0.04% | +0.01 |
| DTE DTE Energy Company | Add +0.5% | 0.06% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +0.6% | 0.16% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +7.2% | 0.12% | +0.01 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +7.7% | 0.12% | +0.01 |
| VZ Verizon Communications Inc. | Add +0.2% | 0.06% | +0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +35.3% | 0.04% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| FROG Jfrog Ltd. | ORD SHS | Reduce -100.0% | 0 | $768 |
| RNG Ringcentral Inc. Class A | CL A | Reduce -100.0% | 0 | $124 |
| JMIA Jumia Technologies AG-ADR | SPONSORED ADS | Reduce -100.0% | 0 | $73 |
| LI Li Auto Inc. - ADR | SPONSORED ADS | Reduce -100.0% | 0 | $50 |
| CHGG Chegg Inc. | COM | Reduce -100.0% | 0 | $45 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 727 | $410.9M | VGT, VYM, AAPL, MDT, TSM |
| Q1 2026 | 715 | $358.2M | VYM, VGT, MDT, AAPL, VYMI |
| Q4 2025 | 713 | $371.2M | VGT, MDT, VYM, AAPL, MSFT |
| Q3 2025 | 722 | $360.6M | MDT, VGT, VYM, MSFT, AAPL |
| Q2 2025 | 721 | $330.8M | MDT, VGT, VYM, MSFT, BSX |
| Q1 2025 | 716 | $292.1M | MDT, VYM, VGT, AAPL, BSX |
| Q4 2024 | 723 | $297.7M | MDT, VYM, VGT, AAPL, MSFT |
| Q3 2024 | 685 | $288.5M | MDT, VYM, AAPL, MSFT, VGT |
| Q2 2024 | 681 | $270.8M | MDT, VYM, MSFT, VGT, AAPL |
| Q1 2024 | 669 | $263.8M | MDT, VYM, MSFT, VGT, AAPL |