Financial Perspectives, Inc
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Financial Perspectives, Inc reported 721 stock positions worth $330.8 million. Its top holding was Medtronic (MDT) at 5.8% of the portfolio, followed by Vanguard Info Tech ETF (VGT, 5.7%) and Vanguard High DVD Yield ETF (VYM, 5.6%). Compared with Q1 2025, it opened 12 new positions, sold out of 12, added to 186 and reduced 50. The biggest buy was Broadcom (AVGO, shares +1%) and the biggest sale Medtronic (MDT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002003287
- Portfolio Value
- $330.8M (Q2 2025)
- SEC Filing
- 0002003287-25-000004 ↗ filed Jul 30, 2025
Holdings Value
Holdings 721 stocks · $330.8M
| MDT Medtronic PLC | 5.77% | 218,918 | $19.1M | Reduce -1.8% |
| VGT Vanguard Info Tech ETF | 5.74% | 28,602 | $19.0M | Add +3.6% |
| VYM Vanguard High DVD Yield ETF | 5.65% | 140,178 | $18.7M | Add +3.4% |
| MSFT Microsoft Corp. | 5.06% | 33,659 | $16.7M | Add +1.7% |
| BSX Boston Scientific Corp. | 4.36% | 134,150 | $14.4M | Reduce -2.2% |
| AAPL Apple Inc. | 4.03% | 65,042 | $13.3M | Add +2.1% |
| IVW iShares S&P 500 Growth ETF | 3.15% | 94,664 | $10.4M | Add +2.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 2.91% | 120,120 | $9.6M | Add +10.8% |
| VIGI Vanguard Int Div App Indx FD | 2.86% | 104,910 | $9.5M | Add +1.9% |
| VIG Vanguard Dividend Apprec ETF | 2.85% | 46,121 | $9.4M | Add +7.2% |
| AVGO Broadcom Inc. | 2.75% | 33,038 | $9.1M | Add +1.0% |
| HDV iShares Core High Dividend E | 2.55% | 71,852 | $8.4M | Add +1.7% |
| TSM Taiwan Semiconductor-SP ADR | 2.43% | 35,512 | $8.0M | Add +12.0% |
| NVDA Nvidia Corp. | 2.19% | 45,777 | $7.2M | Reduce -0.4% |
| FSTA Fidelity MSCI Cons Stap Indx | 1.85% | 119,747 | $6.1M | Add +4.7% |
| FTEC Fidelity MSCI Info Tech Indx | 1.70% | 28,454 | $5.6M | Add +1.1% |
| GOOG Alphabet Inc. Class C | 1.51% | 28,167 | $5.0M | Add +2.3% |
| AMZN Amazon.com Inc. | 1.50% | 22,559 | $4.9M | Add +8.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.33% | 7,140 | $4.4M | Add +3.3% |
| IVV iShares Core S&P 500 ETF | 1.30% | 6,948 | $4.3M | Add +5.3% |
| DGRO iShares Core Dividend Growth | 1.20% | 62,143 | $4.0M | Add +11.2% |
| MELI MercadoLibre Inc. | 1.04% | 1,323 | $3.5M | Reduce -7.4% |
| META Meta Platforms Inc. Class A | 1.00% | 4,479 | $3.3M | Add +6.3% |
| VDC Vanguard Consumer Staple ETF | 0.85% | 12,895 | $2.8M | Add +10.9% |
| JPM JPMorgan Chase & Co. | 0.85% | 9,719 | $2.8M | Add +0.0% |
| VOO Vanguard S&P 500 ETF | 0.80% | 4,665 | $2.6M | Reduce -22.1% |
| TSLA Tesla Inc. | 0.79% | 8,238 | $2.6M | Reduce -4.8% |
| ABBV Abbvie Inc. | 0.74% | 13,138 | $2.4M | Add +0.0% |
| JPST JPMorgan Ultra-Short Income | 0.73% | 47,794 | $2.4M | Reduce -10.1% |
| SHOP Shopify Inc. Class A | 0.66% | 18,921 | $2.2M | Add +3.8% |
| IYW iShares Ustechnology ETF | 0.65% | 12,461 | $2.2M | Add +3.3% |
| SE Sea Ltd.-ADR | 0.65% | 13,354 | $2.1M | Add +0.5% |
| MMM 3M Co. | 0.65% | 14,026 | $2.1M | Add +0.0% |
| IDV iShares International Select | 0.62% | 59,077 | $2.0M | Add +0.6% |
| CGGR Cap Group Growth Equity | 0.60% | 48,964 | $2.0M | Add +1.4% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.55% | 56,498 | $1.8M | Add +10.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.53% | 3,165 | $1.7M | Add +11.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.47% | 1,928 | $1.5M | Add +12.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 3,146 | $1.5M | Add +12.4% |
| SCHD Schwab US DVD Equity ETF | 0.43% | 54,257 | $1.4M | Add +92.5% |
| IWF iShares Russell 1000 Growth | 0.43% | 3,343 | $1.4M | Add +2.5% |
| UNH Unitedhealth Group Inc. | 0.41% | 4,355 | $1.4M | Reduce -2.4% |
| FENY Fidelity MSCI Energy Index | 0.40% | 57,116 | $1.3M | Add +4.2% |
| JNJ Johnson & Johnson | 0.36% | 7,865 | $1.2M | Reduce -1.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.36% | 6,667 | $1.2M | No change |
| ABT Abbott Laboratories | 0.35% | 8,468 | $1.2M | No change |
| COST Costco Wholesale Corp. | 0.34% | 1,120 | $1.1M | No change |
| IETC iShares U.S. Tech Independen | 0.30% | 10,708 | $1.0M | Add +4.5% |
| AMGN Amgen Inc. | 0.30% | 3,578 | $999K | Add +0.1% |
| ORCL Oracle Corp. | 0.30% | 4,534 | $991K | No change |
| VEA Vanguard Ftse Developed ETF | 0.30% | 17,255 | $984K | Add +0.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.29% | 24,230 | $970K | No change |
| GIS General Mills Inc. | 0.29% | 18,262 | $946K | No change |
| TDIV FT Nasdaq Tech DVD Index FD | 0.28% | 10,368 | $935K | Add +7.0% |
| USB US Bancorp | 0.28% | 20,162 | $912K | Add +0.1% |
| GILD Gilead Sciences Inc. | 0.27% | 8,054 | $893K | No change |
| IWM iShares Russell 2000 ETF | 0.25% | 3,884 | $838K | Add +22.1% |
| HDB HDFC Bank Ltd.-ADR | 0.25% | 10,769 | $826K | Add +1.3% |
| VHT Vanguard Health Care ETF | 0.25% | 3,313 | $823K | Add +0.1% |
| VNQ Vanguard Real Estate ETF | 0.25% | 9,222 | $821K | Reduce -3.0% |
| VDE Vanguard Energy ETF | 0.24% | 6,661 | $793K | Reduce -4.5% |
| VCR Vanguard Consumer Discre ETF | 0.24% | 2,158 | $782K | Add +11.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.23% | 11,256 | $777K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.23% | 1,746 | $765K | Add +74.3% |
| SMH Vaneck Semiconductor ETF | 0.23% | 2,694 | $751K | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.22% | 4,096 | $722K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 2,365 | $719K | Add +1.2% |
| HON Honeywell International Inc. | 0.21% | 2,974 | $693K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 5,583 | $692K | No change |
| RBRK Rubrik Inc. Class A | 0.20% | 7,505 | $672K | Reduce -33.0% |
| IFRA iShares US Infrastructure | 0.20% | 13,635 | $671K | No change |
| HD Home Depot Inc. | 0.20% | 1,775 | $651K | Add +0.1% |
| MA Mastercard Inc. Class A | 0.20% | 1,148 | $645K | Add +1.0% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.19% | 16,102 | $636K | Add +104.4% |
| VT Vanguard Tot World STK ETF | 0.18% | 4,757 | $611K | Add +54.1% |
| ISRG Intuitive Surgical Inc. | 0.18% | 1,091 | $593K | No change |
| BN Brookfield Corp. | 0.18% | 9,494 | $587K | No change |
| CMCSA Comcast Corp. Class A | 0.18% | 16,324 | $583K | Add +6.5% |
| EFV iShares MSCI Eafe Value ETF | 0.18% | 9,166 | $582K | Add +6.0% |
| T AT&T Inc. | 0.17% | 19,844 | $574K | Reduce -1.6% |
| CARR Carrier Global Corp. | 0.17% | 7,773 | $569K | Add +24.1% |
| NOW ServiceNow Inc. | 0.17% | 545 | $560K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.17% | 6,545 | $546K | Add +5.1% |
| BIPC Brookfield Infrastructure-A | 0.16% | 12,858 | $535K | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.16% | 4,832 | $528K | Add +0.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.16% | 37,517 | $515K | Add +14.0% |
| CNQ Canadian Natural Resources | 0.15% | 16,284 | $511K | Add +0.3% |
| IMCB iShares Morningstar Mid-Cap | 0.15% | 6,138 | $489K | Add +4.1% |
| V Visa Inc. Class A | 0.15% | 1,353 | $480K | No change |
| SRE Sempra | 0.14% | 6,255 | $474K | Add +3.3% |
| MO Altria Group Inc. | 0.14% | 8,071 | $473K | Add +0.0% |
| IEMG iShares Core MSCI Emerging | 0.14% | 7,798 | $468K | Reduce -12.0% |
| GE General Electric filed as GE AEROSPACE | 0.14% | 1,764 | $454K | Add +13.7% |
| XOM Exxon Mobil Corp. | 0.14% | 4,156 | $448K | Reduce -9.8% |
| PFE Pfizer Inc. | 0.13% | 18,314 | $444K | Add +0.1% |
| IGRO iShares Intl Div Growth ETF | 0.13% | 5,537 | $437K | Add +6.4% |
| CGW Invesco S&P Global Water Ind | 0.13% | 6,944 | $434K | Reduce -4.3% |
| EFG iShares MSCI Eafe Growth ETF | 0.13% | 3,872 | $434K | Add +8.5% |
| LLY Eli Lilly & Co. | 0.13% | 552 | $430K | Add +32.4% |
| DFE Wisdomtree Eur S/C Dividend | 0.13% | 5,949 | $417K | Add +1.6% |
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 |
Total filed on the 13F, all lines: $330.8M.
Portfolio Sells Q1 2025 → Q2 2025
| MDT Medtronic PLC | Reduce -1.8% | 5.77% | −1.09 |
| UNH Unitedhealth Group Inc. | Reduce -2.4% | 0.41% | −0.39 |
| BSX Boston Scientific Corp. | Reduce -2.2% | 4.36% | −0.38 |
| VOO Vanguard S&P 500 ETF | Reduce -22.1% | 0.80% | −0.25 |
| JPST JPMorgan Ultra-Short Income | Reduce -10.1% | 0.73% | −0.19 |
| JNJ Johnson & Johnson | Reduce -1.5% | 0.36% | −0.09 |
| VDE Vanguard Energy ETF | Reduce -4.5% | 0.24% | −0.07 |
| HUM Humana Inc. | Sold out | 0.00% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -9.8% | 0.14% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -3.0% | 0.25% | −0.05 |
| CSR Centerspace | Reduce -80.8% | 0.01% | −0.04 |
| RBRK Rubrik Inc. Class A | Reduce -33.0% | 0.20% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -12.0% | 0.14% | −0.02 |
| T AT&T Inc. | Reduce -1.6% | 0.17% | −0.02 |
| FESM Fidelity Enhanced Small Cap | Reduce -11.7% | 0.11% | −0.02 |
| XLE SS Energy Select Sector | Reduce -0.5% | 0.08% | −0.02 |
| ARKK ARK Innovation ETF | Reduce -47.3% | 0.04% | −0.02 |
| JEPI JPMorgan Equity Premium Inco | Reduce -11.3% | 0.06% | −0.02 |
| ARKQ ARK Autonomous Tech & Robot | Reduce -62.8% | 0.01% | −0.01 |
| ARKF ARK Blockchain & Fintech Inn | Reduce -61.2% | 0.01% | −0.01 |
| ARKW ARK Next Generation Technolo | Reduce -43.4% | 0.05% | −0.01 |
| THG Hanover Insurance Group Inc./ | Reduce -36.0% | 0.02% | −0.01 |
| ARKG ARK Genomic Revolution ETF | Reduce -41.6% | 0.02% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -3.5% | 0.05% | −0.01 |
| SOLV Solventum Corp. | Reduce -0.8% | 0.07% | −0.01 |
| CGW Invesco S&P Global Water Ind | Reduce -4.3% | 0.13% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -2.3% | 0.05% | −0.01 |
| GM General Motors Co. | Reduce -8.0% | 0.03% | −0.01 |
| WELL Welltower Inc. | Reduce -20.9% | 0.01% | −0.01 |
| IUSV iShares Core S&P U.S. Value | Reduce -0.4% | 0.05% | −0.01 |
| OGIG Alps Oshares Global Internet | Reduce -16.9% | 0.04% | −0.00 |
| CCI Crown Castle Inc. | Reduce -8.0% | 0.02% | −0.00 |
| CVS CVS Health Corp. | Reduce -12.1% | 0.01% | −0.00 |
| EDD Morgan Stanley Emrg MRK Dom | Sold out | 0.00% | −0.00 |
| PFG Principal Financial Group | Reduce -24.2% | 0.01% | −0.00 |
| BWG Brandywineglobal Global Inco | Sold out | 0.00% | −0.00 |
| IP International Paper Co. | Reduce -60.0% | 0.00% | −0.00 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.00 |
| XPMQX PIMCO Muni Income Fund III | Sold out | 0.00% | −0.00 |
| BP BP PLC-Spons ADR | Reduce -7.0% | 0.01% | −0.00 |
| CNP Centerpoint Energy Inc. | Reduce -23.4% | 0.00% | −0.00 |
| F Ford Motor Co. | Reduce -1.1% | 0.03% | −0.00 |
| AOK iShares Core 30/70 Conservat | Sold out | 0.00% | −0.00 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -5.2% | 0.07% | −0.00 |
| FMAT Fidelity MSCI Materials Indx | Reduce -8.8% | 0.01% | −0.00 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.00 |
| IWS iShares Russell Mid-Cap Valu | Reduce -74.4% | 0.00% | −0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.00 |
| GTN.A Gray Media Inc. Class A | Reduce -50.0% | 0.00% | −0.00 |
| QCLN First Trust Nasdaq Clean Edg | Reduce -39.8% | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Add +1.0% | 2.75% | +0.88 |
| MSFT Microsoft Corp. | Add +1.7% | 5.06% | +0.81 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.0% | 2.43% | +0.63 |
| VGT Vanguard Info Tech ETF | Add +3.6% | 5.74% | +0.60 |
| IVW iShares S&P 500 Growth ETF | Add +2.2% | 3.15% | +0.21 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +10.8% | 2.91% | +0.17 |
| META Meta Platforms Inc. Class A | Add +6.3% | 1.00% | +0.17 |
| SCHD Schwab US DVD Equity ETF | Add +92.5% | 0.43% | +0.16 |
| FTEC Fidelity MSCI Info Tech Indx | Add +1.1% | 1.70% | +0.14 |
| AMZN Amazon.com Inc. | Add +8.5% | 1.50% | +0.14 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +74.3% | 0.23% | +0.10 |
| CGDV Cap Group Dividend Value | Add +104.4% | 0.19% | +0.10 |
| ASML ASML Holding NV-NY Reg SHS | Add +12.3% | 0.47% | +0.08 |
| IYW iShares Ustechnology ETF | Add +3.3% | 0.65% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.6% | 0.53% | +0.07 |
| SHOP Shopify Inc. Class A | Add +3.8% | 0.66% | +0.06 |
| VT Vanguard Tot World STK ETF | Add +54.1% | 0.18% | +0.06 |
| SE Sea Ltd.-ADR | Add +0.5% | 0.65% | +0.05 |
| CGGO Cap Group Global Growth | Add +10.0% | 0.55% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +18.9% | 0.12% | +0.05 |
| VUSB Vanguard Ultra Short Bond Et | Add +297.4% | 0.06% | +0.04 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +14.0% | 0.16% | +0.04 |
| CGBL Cap Group Core Balanced | Add +225.9% | 0.06% | +0.04 |
| TDIV FT Nasdaq Tech DVD Index FD | Add +7.0% | 0.28% | +0.04 |
| MSTR Strategy Inc. | Add +21.8% | 0.11% | +0.04 |
| CARR Carrier Global Corp. | Add +24.1% | 0.17% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +22.1% | 0.25% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 0.85% | +0.04 |
| CGGR Cap Group Growth Equity | Add +1.4% | 0.60% | +0.04 |
| SMH Vaneck Semiconductor ETF | Add +0.0% | 0.23% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +2.3% | 1.51% | +0.03 |
| CGIE Cap Group Intl Equity | Add +280.4% | 0.04% | +0.03 |
| GE General Electric | Add +13.7% | 0.14% | +0.03 |
| CGMU Cap Group Municipal Income | Add +301.6% | 0.04% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +2.5% | 0.43% | +0.03 |
| IETC iShares U.S. Tech Independen | Add +4.5% | 0.30% | +0.03 |
| TRI Thomson Reuters Corp. | New | 0.02% | +0.02 |
| MU Micron Technology Inc. | Add +0.0% | 0.12% | +0.02 |
| VCR Vanguard Consumer Discre ETF | Add +11.5% | 0.24% | +0.02 |
| DGRO iShares Core Dividend Growth | Add +11.2% | 1.20% | +0.02 |
| IDHQ Invesco S&P International DE | Add +81.4% | 0.04% | +0.02 |
| STNE Stoneco Ltd. Class A | Add +0.4% | 0.07% | +0.02 |
| FELC Fidelity Enh LRG Cap Cor ETF | Add +20.2% | 0.11% | +0.02 |
| SDY SS SPDR S&P Dividend ETF | New | 0.02% | +0.02 |
| LLY Eli Lilly & Co. | Add +32.4% | 0.13% | +0.01 |
| PAGS Pagseguro Digital Ltd. Class A | Add +9.1% | 0.07% | +0.01 |
| FDVV Fidelity High Dividend ETF | Add +23.5% | 0.08% | +0.01 |
| RDDT Reddit Inc. Class A | New | 0.01% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +12.9% | 0.12% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.3% | 1.33% | +0.01 |
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 |