Fortis Advisors, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Fortis Advisors, LLC reported 122 stock positions worth $175.4 million. Its top holding was Vanguard Ultra Short Bond Et (VUSB) at 9.7% of the portfolio, followed by Doubleline Oppor Cor BND-Usd (DBND, 5.5%) and Vanguard Short-Term Bond ETF (BSV, 4.1%). Compared with Q2 2025, it opened 13 new positions, sold out of 8, added to 38 and reduced 40. The biggest buy was a new position in Pacer US LRG Cap Cows GR LD (COWG) and the biggest sale Vanguard Short-Term Bond ETF (BSV, shares −37%).

Most Recent 13F
Q2 2026
Location
WAYNE, PA
CIK
0001697478
Portfolio Value
$175.4M (Q3 2025)
SEC Filing
0001697478-25-000004 ↗ filed Nov 10, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $149.4M Q1 2024 Q2 2024: $141.9M Q2 2024 Q3 2024: $154.2M Q3 2024 Q4 2024: $152.4M Q4 2024 Q1 2025: $153.4M Q1 2025 Q2 2025: $156.2M Q2 2025 Q3 2025: $175.4M $175.4M Q3 2025 Q4 2025: $181.6M Q4 2025 Q1 2026: $199.6M Q1 2026 Q2 2026: $213.6M Q2 2026

Holdings 122 stocks · $175.4M
VUSB Vanguard Ultra Short Bond Et 9.75% 342,048 $17.1M Reduce -0.9%
DBND Doubleline Oppor Cor BND-Usd 5.54% 208,745 $9.7M Add +32.0%
BSV Vanguard Short-Term Bond ETF 4.07% 90,484 $7.1M Reduce -37.3%
EMXC iShares MSCI Emr MRK Ex Chna 3.71% 96,307 $6.5M Reduce -7.2%
ICOW Pacer Developed Markets Inte 3.67% 176,624 $6.4M Add +16.3%
VEA Vanguard Ftse Developed ETF 3.64% 106,476 $6.4M Add +9.5%
GDX Vaneck Gold Miners ETF 3.34% 76,610 $5.9M Add +4.9%
SCHP Schwab U.S. Tips ETF 3.31% 215,283 $5.8M Add +14.2%
VIG Vanguard Dividend Apprec ETF 3.19% 25,967 $5.6M Reduce -9.9%
STX Seagate Technology Holdings 3.14% 23,350 $5.5M No change
GLDM SPDR Gold Minishares Trust 2.95% 67,611 $5.2M Reduce -16.4%
MLPX Global X MLP & Energy Infras 2.92% 81,738 $5.1M Reduce -8.9%
AIRR First Trust Rba American Ind 2.66% 48,248 $4.7M Reduce -13.5%
COWG Pacer US LRG Cap Cows GR LD 2.16% 104,178 $3.8M New
SETM Sprott Critical Material ETF 2.04% 142,389 $3.6M New
RSPG Invesco S&P 500 Equal Weight 1.91% 42,059 $3.3M Add +9.5%
MOO Vaneck Agribusiness ETF 1.89% 45,231 $3.3M Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US 1.76% 9,399 $3.1M Add +866.0%
SHLD Global X Defense Tech ETF 1.72% 42,864 $3.0M New
COWZ Pacer US Cash Cows 100 ETF 1.48% 45,143 $2.6M Reduce -28.9%
STIP iShares 0-5 Year Tips Bond E 1.46% 24,802 $2.6M Reduce -2.5%
SCHO Schwab Short-Term US Treas 1.29% 92,781 $2.3M Add +1.0%
TOTL SS Doubleline TR Tact ETF 1.24% 53,606 $2.2M Reduce -12.9%
GOOG Alphabet Inc. Class C 1.20% 8,609 $2.1M Reduce -5.5%
AAPL Apple Inc. 0.98% 6,774 $1.7M Reduce -4.5%
GLD SPDR Gold Shares 0.96% 4,744 $1.7M Add +3.6%
AMZN Amazon.com Inc. 0.92% 7,388 $1.6M Reduce -8.1%
EEMA iShares MSCI Emerg MRKT Asia 0.91% 17,364 $1.6M New
GOOGL Alphabet Inc. Class A 0.91% 6,548 $1.6M No change
FHI Federated Hermes Inc. 0.86% 29,025 $1.5M Add +64.2%
IEMG iShares Core MSCI Emerging 0.81% 21,613 $1.4M Add +94.5%
IEFA iShares Core MSCI Eafe ETF 0.79% 15,775 $1.4M Add +74.0%
VBIL Vanguard 0-3M T-Bill ETF 0.74% 17,180 $1.3M Add +49.9%
MSFT Microsoft Corp. 0.69% 2,331 $1.2M Reduce -3.8%
PBPB Potbelly Corp. 0.68% 69,969 $1.2M No change
DFAC Dimensional US Core Equity 2 0.58% 26,162 $1.0M Add +0.3%
SPDN Dir DLY SP 500 BR 1X ETF-Usi 0.55% 100,970 $970K New
XLK SS Technology Select Sector 0.52% 3,215 $906K Add +11.7%
SHV iShares 0-1 Year Treasury Bo 0.51% 8,074 $892K Add +1.0%
VFVA Vanguard U.S. Value Factor 0.47% 6,436 $821K Reduce -55.6%
SCHG Schwab US Large-Cap Growth 0.47% 25,675 $819K Add +17.2%
IVV iShares Core S&P 500 ETF 0.46% 1,217 $815K New
XAR SS SPDR S&P Aerospace Def 0.45% 3,366 $791K Reduce -10.2%
BRK.A Berkshire Hathaway Inc. Class A 0.43% 1 $754K No change
NEAR iShares SH Dba ETF Usd Inc. 0.42% 14,263 $731K Add +1.1%
CIBR First Trust Nasdaq Cybersecu 0.41% 9,524 $724K Add +0.0%
RSPT Invesco S&P 500 Equal Weight 0.41% 16,184 $721K Reduce -73.8%
AMLP Alerian MLP ETF 0.38% 14,286 $670K Add +2.0%
VHT Vanguard Health Care ETF 0.35% 2,357 $612K Reduce -51.5%
C Citigroup Inc. 0.35% 6,020 $611K Reduce -19.9%
META Meta Platforms Inc. Class A 0.34% 814 $598K Reduce -1.3%
GS Goldman Sachs Group Inc. 0.32% 715 $569K No change
HR Healthcare Realty Trust Inc. 0.32% 31,465 $567K Add +1.4%
JEPI JPMorgan Equity Premium Inco 0.32% 9,839 $562K Add +2.0%
BN Brookfield Corp. 0.31% 7,900 $542K No change
UNP Union Pacific Corp. 0.30% 2,250 $532K No change
TMO Thermo Fisher Scientific Inc. 0.29% 1,065 $517K Reduce -37.0%
SOFI Sofi Technologies Inc. 0.29% 19,500 $515K Reduce -37.7%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.29% 7,925 $504K Reduce -30.6%
IUSV iShares Core S&P U.S. Value 0.29% 5,024 $502K Add +0.5%
MA Mastercard Inc. Class A 0.28% 871 $495K No change
NEE Nextera Energy Inc. 0.28% 6,413 $484K Reduce -3.0%
XLV SS Health Care Select Sector 0.27% 3,414 $475K Add +0.2%
FCX Freeport-McMoran Inc. 0.27% 12,075 $474K Reduce -11.7%
XBI SS SPDR S&P Biotech ETF 0.27% 4,676 $469K Reduce -9.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 703 $468K New
GDXJ Vaneck Junior Gold Miners 0.26% 4,651 $461K Add +17.7%
UPS United Parcel Service Class B 0.26% 5,425 $453K Reduce -21.5%
ICSH iShares Ultra Short Duration 0.25% 8,731 $443K Add +1.2%
BRK.B Berkshire Hathaway Inc. Class B 0.25% 856 $430K No change
V Visa Inc. Class A 0.24% 1,255 $428K Reduce -10.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.24% 3,722 $426K Reduce -25.9%
SO The Southern Co. 0.24% 4,475 $424K No change
TSM Taiwan Semiconductor-SP ADR 0.24% 1,500 $419K No change
ESI Element Solutions Inc. 0.24% 16,600 $418K No change
GLW Corning Inc. 0.24% 5,075 $416K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.23% 7,143 $411K Add +2.5%
SPYM Ste STR SPDR PT S&P 500 ETF 0.21% 4,798 $376K Reduce -14.4%
DFAT Dimensional US Target Value 0.21% 6,335 $369K Add +0.5%
COP Conocophillips 0.21% 3,875 $367K No change
DYNF Ishrs US E F R A ETF-Usd Inc. 0.21% 6,079 $360K Add +11.8%
DGRO iShares Core Dividend Growth 0.20% 5,255 $358K Reduce -27.0%
XLF SS Financial Select Sector 0.20% 6,513 $351K Add +35.4%
AMD Advanced Micro Devices 0.20% 2,150 $348K No change
ECOW Pacer Emerging Markets Cash 0.19% 13,717 $335K Add +1.1%
PPLI People Inc. filed as IAC INC 0.19% 9,650 $329K No change
QLTA iShares Aaa - A Rated Corpor 0.18% 6,625 $321K Add +0.3%
CVS CVS Health Corp. 0.18% 4,200 $317K No change
WMT Walmart Inc. 0.18% 3,070 $316K No change
QUAL iShares MSCI USA Quality Fac 0.16% 1,471 $286K Reduce -61.8%
DVN Devon Energy Corp. 0.16% 7,900 $277K No change
INTU Intuit Inc. 0.16% 400 $273K No change
IGRO iShares Intl Div Growth ETF 0.16% 3,424 $273K Add +0.6%
MSI Motorola Solutions Inc. 0.16% 596 $273K No change
EW Edwards Lifesciences Corp. 0.16% 3,500 $272K No change
BWA Borgwarner Inc. 0.15% 6,100 $268K Reduce -35.1%
JPM JPMorgan Chase & Co. 0.15% 849 $268K No change
HELO JPMorgan Hedged Equity ETF 0.15% 4,116 $268K Add +0.2%
KKR KKR & Co. Inc. 0.15% 2,000 $260K No change
IVW iShares S&P 500 Growth ETF 0.15% 2,148 $259K Reduce -17.7%

Show all 122 holdings

Options reported separately and not counted above: STX puts ($2.4M).

Portfolio Sells Q2 2025 → Q3 2025
BSV Vanguard Short-Term Bond ETF Reduce -37.3% 4.07% −3.20
VUSB Vanguard Ultra Short Bond Et Reduce -0.9% 9.75% −1.27
RSPT Invesco S&P 500 Equal Weight Reduce -73.8% 0.41% −1.20
COWZ Pacer US Cash Cows 100 ETF Reduce -28.9% 1.48% −0.76
MLPX Global X MLP & Energy Infras Reduce -8.9% 2.92% −0.68
VFVA Vanguard U.S. Value Factor Reduce -55.6% 0.47% −0.63
VIG Vanguard Dividend Apprec ETF Reduce -9.9% 3.19% −0.58
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.52
EMXC iShares MSCI Emr MRK Ex Chna Reduce -7.2% 3.71% −0.49
GLDM SPDR Gold Minishares Trust Reduce -16.4% 2.95% −0.45
VHT Vanguard Health Care ETF Reduce -51.5% 0.35% −0.42
JNJ Johnson & Johnson Sold out 0.00% −0.37
TOTL SS Doubleline TR Tact ETF Reduce -12.9% 1.24% −0.34
KDP Keurig Dr Pepper Inc. Sold out 0.00% −0.33
EFA iShares MSCI Eafe ETF Sold out 0.00% −0.32
QUAL iShares MSCI USA Quality Fac Reduce -61.8% 0.16% −0.29
GUNR NT Mstar GLBL NR ETF Sold out 0.00% −0.25
MOO Vaneck Agribusiness ETF Reduce -0.5% 1.89% −0.25
AIRR First Trust Rba American Ind Reduce -13.5% 2.66% −0.25
STIP iShares 0-5 Year Tips Bond E Reduce -2.5% 1.46% −0.21
AMZN Amazon.com Inc. Reduce -8.1% 0.92% −0.20
UPS United Parcel Service Class B Reduce -21.5% 0.26% −0.19
FUTY Fidelity MSCI US Utilities Sold out 0.00% −0.17
MXI iShares Global Materials ETF Sold out 0.00% −0.16
DIS The Walt Disney Co. Reduce -25.9% 0.24% −0.16
TMO Thermo Fisher Scientific Inc. Reduce -37.0% 0.29% −0.14
CF CF Industries Holdings Inc. Sold out 0.00% −0.14
AL Sumisho Air Lease Corp. Reduce -30.6% 0.29% −0.14
FCX Freeport-McMoran Inc. Reduce -11.7% 0.27% −0.11
EFV iShares MSCI Eafe Value ETF Reduce -40.0% 0.12% −0.09
DGRO iShares Core Dividend Growth Reduce -27.0% 0.20% −0.09
MSFT Microsoft Corp. Reduce -3.8% 0.69% −0.08
V Visa Inc. Class A Reduce -10.0% 0.24% −0.07
EOG EOG Resources Inc. Reduce -22.4% 0.13% −0.07
SOFI Sofi Technologies Inc. Reduce -37.7% 0.29% −0.07
C Citigroup Inc. Reduce -19.9% 0.35% −0.06
XAR SS SPDR S&P Aerospace Def Reduce -10.2% 0.45% −0.06
META Meta Platforms Inc. Class A Reduce -1.3% 0.34% −0.05
BWA Borgwarner Inc. Reduce -35.1% 0.15% −0.05
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -14.4% 0.21% −0.05
IVW iShares S&P 500 Growth ETF Reduce -17.7% 0.15% −0.04
ENVX Enovix Corp. Reduce -14.1% 0.07% −0.02
NEE Nextera Energy Inc. Reduce -3.0% 0.28% −0.02
XBI SS SPDR S&P Biotech ETF Reduce -9.7% 0.27% −0.01
NVDA Nvidia Corp. Reduce -1.2% 0.15% +0.01
WBD Warner Bros Discovery Inc. Reduce -19.7% 0.13% +0.02
AAPL Apple Inc. Reduce -4.5% 0.98% +0.05
GOOG Alphabet Inc. Class C Reduce -5.5% 1.20% +0.16

Portfolio Buys Q2 2025 → Q3 2025
COWG Pacer US LRG Cap Cows GR LD New 2.16% +2.16
SETM Sprott Critical Material ETF New 2.04% +2.04
SHLD Global X Defense Tech ETF New 1.72% +1.72
VTI VG Morningstar TS MKT ETF-US Add +866.0% 1.76% +1.57
EEMA iShares MSCI Emerg MRKT Asia New 0.91% +0.91
GDX Vaneck Gold Miners ETF Add +4.9% 3.34% +0.90
DBND Doubleline Oppor Cor BND-Usd Add +32.0% 5.54% +0.86
SPDN Dir DLY SP 500 BR 1X ETF-Usi New 0.55% +0.55
IVV iShares Core S&P 500 ETF New 0.46% +0.46
IEMG iShares Core MSCI Emerging Add +94.5% 0.81% +0.39
ICOW Pacer Developed Markets Inte Add +16.3% 3.67% +0.36
FHI Federated Hermes Inc. Add +64.2% 0.86% +0.36
IEFA iShares Core MSCI Eafe ETF Add +74.0% 0.79% +0.30
SPY SS SPDR S&P 500 ETF Trust-US New 0.27% +0.27
VBIL Vanguard 0-3M T-Bill ETF Add +49.9% 0.74% +0.19
XLG Invesco S&P 500 Top 50 ETF New 0.15% +0.15
MHK Mohawk Industries Inc. New 0.15% +0.15
BINC iShares Flex I A ETF-Usd Inc. New 0.14% +0.14
ABBV Abbvie Inc. New 0.14% +0.14
MBB iShares MBS ETF New 0.12% +0.12
IEUR iShares Core MSCI Europe ETF New 0.12% +0.12
GDXJ Vaneck Junior Gold Miners Add +17.7% 0.26% +0.09
VEA Vanguard Ftse Developed ETF Add +9.5% 3.64% +0.09
SCHP Schwab U.S. Tips ETF Add +14.2% 3.31% +0.09
RSPG Invesco S&P 500 Equal Weight Add +9.5% 1.91% +0.08
GLD SPDR Gold Shares Add +3.6% 0.96% +0.07
SCHG Schwab US Large-Cap Growth Add +17.2% 0.47% +0.06
XLK SS Technology Select Sector Add +11.7% 0.52% +0.05
XLF SS Financial Select Sector Add +35.4% 0.20% +0.04
DYNF Ishrs US E F R A ETF-Usd Inc. Add +11.8% 0.21% +0.02
HR Healthcare Realty Trust Inc. Add +1.4% 0.32% +0.01
LOW Lowe's Cos Inc. Add +0.1% 0.13% +0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +10.0% 0.15% −0.00
IVE iShares S&P 500 Value ETF Add +5.7% 0.13% −0.00
ECOW Pacer Emerging Markets Cash Add +1.1% 0.19% −0.00
BBUS JPMorgan Betabuilders US Equ Add +0.2% 0.14% −0.01
DFAT Dimensional US Target Value Add +0.5% 0.21% −0.01
JEPQ JPM Nasdaq Equity Premium Add +2.5% 0.23% −0.01
HELO JPMorgan Hedged Equity ETF Add +0.2% 0.15% −0.01
IGRO iShares Intl Div Growth ETF Add +0.6% 0.16% −0.02
IUSV iShares Core S&P U.S. Value Add +0.5% 0.29% −0.02
QLTA iShares Aaa - A Rated Corpor Add +0.3% 0.18% −0.02
XLV SS Health Care Select Sector Add +0.2% 0.27% −0.02
DFAC Dimensional US Core Equity 2 Add +0.3% 0.58% −0.02
ICSH iShares Ultra Short Duration Add +1.2% 0.25% −0.03
JEPI JPMorgan Equity Premium Inco Add +2.0% 0.32% −0.03
NEAR iShares SH Dba ETF Usd Inc. Add +1.1% 0.42% −0.04
CIBR First Trust Nasdaq Cybersecu Add +0.0% 0.41% −0.05
AMLP Alerian MLP ETF Add +2.0% 0.38% −0.06
SHV iShares 0-1 Year Treasury Bo Add +1.0% 0.51% −0.06

Options Activity Q2 2025 → Q3 2025
STX Seagate Technology Holdings put New 10,000 $2.4M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 122$213.6MSTX, SCHP, EMXC, EMLC, VEA
Q1 2026 119$199.6MSCHP, EMLC, BIV, BSV, EMXC
Q4 2025 121$181.6MVUSB, DBND, BSV, EMXC, ICOW
Q3 2025 122$175.4MVUSB, DBND, BSV, EMXC, ICOW
Q2 2025 117$156.2MVUSB, BSV, DBND, EMXC, VIG
Q1 2025 111$153.4MVUSB, BSV, DBND, EMXC, MLPX
Q4 2024 108$152.4MVUSB, BSV, DBND, EMXC, VIG
Q3 2024 106$154.2MVUSB, BSV, DBND, EMXC, VEA
Q2 2024Amended 99$141.9MVUSB, BSV, VFVA, VEA, DBND
Q1 2024Amended 98$149.4MVUSB, BSV, VFVA, VEA, DBND