Founders Capital Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Founders Capital Management reported 394 stock positions worth $188.8 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 9.7% of the portfolio, followed by Microsoft (MSFT, 7.6%) and Corning (GLW, 6.4%). Compared with Q2 2025, it opened 23 new positions, sold out of 12, added to 44 and reduced 29. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Adobe (ADBE, shares −1%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001704300
Portfolio Value
$188.8M (Q3 2025)
SEC Filing
0001704300-25-000006 ↗ filed Nov 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $147.9M Q1 2024 Q2 2024: $154.3M Q2 2024 Q3 2024: $164.2M Q3 2024 Q4 2024: $158.0M Q4 2024 Q1 2025: $154.6M Q1 2025 Q2 2025: $166.8M Q2 2025 Q3 2025: $188.8M $188.8M Q3 2025 Q4 2025: $192.6M Q4 2025 Q1 2026: $204.8M Q1 2026 Q2 2026: $231.1M Q2 2026

Holdings 394 stocks · $188.8M
QQQ Invesco QQQ Trust Series 1 9.75% 30,645 $18.4M Add +0.2%
MSFT Microsoft Corp. 7.60% 27,686 $14.3M Add +0.2%
GLW Corning Inc. 6.36% 146,255 $12.0M Reduce -0.9%
JPM JPMorgan Chase & Co. 5.71% 34,185 $10.8M Reduce -0.4%
AAPL Apple Inc. 5.24% 38,873 $9.9M Add +1.2%
SPYG SS SPDR P S&P 500 Growth ETF 4.84% 87,370 $9.1M Reduce -0.1%
RTX RTX Corp. 4.82% 54,395 $9.1M Reduce -0.1%
JNJ Johnson & Johnson 4.64% 47,256 $8.8M Reduce -0.2%
LMT Lockheed Martin Corp. 3.92% 14,832 $7.4M Add +1.8%
SPY SS SPDR S&P 500 ETF Trust-US 3.76% 10,647 $7.1M Reduce -0.1%
XOM Exxon Mobil Corp. 3.52% 58,980 $6.6M Add +2.3%
ABBV Abbvie Inc. 3.05% 24,896 $5.8M Reduce -1.1%
CVX Chevron Corp. 3.05% 37,039 $5.8M Add +4.4%
GOOG Alphabet Inc. Class C 2.87% 22,223 $5.4M Add +0.0%
APD Air Products & Chemicals Inc. 2.79% 19,290 $5.3M Add +0.5%
AMAT Applied Materials Inc. 1.82% 16,774 $3.4M Add +0.0%
EMR Emerson Electric Co. 1.71% 24,538 $3.2M Add +0.5%
MRK Merck & Co. Inc. 1.62% 36,527 $3.1M Reduce -1.1%
NOC Northrop Grumman Corp. 1.52% 4,714 $2.9M Reduce -0.2%
ADBE Adobe Inc. 1.51% 8,097 $2.9M Reduce -1.0%
MCD McDonald's Corp. 1.39% 8,659 $2.6M Reduce -2.3%
CQP Cheniere Energy Partners LP 1.19% 41,737 $2.2M Add +87.2%
FNDA Schwab Fndmntl US SM Co. ETF 1.18% 71,773 $2.2M Add +1.2%
PAGP Plains GP Holdings LP 1.18% 122,258 $2.2M Add +81.9%
EXCHANGE TRADED CONCEPTS TRU 1.17% 88,207 $2.2M Add +2.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.71% 38,992 $1.3M Add +0.2%
BA The Boeing Co. 0.44% 3,848 $830K Reduce -1.7%
AMZN Amazon.com Inc. 0.41% 3,521 $773K Add +4.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.40% 1,637 $759K Add +3.2%
ORCL Oracle Corp. 0.36% 2,443 $687K Reduce -3.0%
TXN Texas Instruments Inc. 0.31% 3,166 $582K No change
KO The Coca-Cola Co. 0.31% 8,763 $581K No change
HD Home Depot Inc. 0.30% 1,400 $567K Reduce -0.1%
PEP Pepsico Inc. 0.27% 3,590 $504K Reduce -3.8%
LOW Lowe's Cos Inc. 0.25% 1,866 $469K No change
RSP Invesco S&P 500 Equal Weight 0.25% 2,459 $467K Add +0.0%
VLO Valero Energy Corp. 0.24% 2,630 $448K No change
WMT Walmart Inc. 0.23% 4,230 $436K Reduce -25.9%
COST Costco Wholesale Corp. 0.22% 458 $424K No change
WFC Wells Fargo & Co. 0.21% 4,697 $394K No change
GOOGL Alphabet Inc. Class A 0.20% 1,585 $385K No change
PFE Pfizer Inc. 0.20% 14,800 $377K Add +0.7%
AVGO Broadcom Inc. 0.19% 1,092 $360K Add +420.0%
SCHW Schwab (charles) Corp. 0.19% 3,680 $351K No change
BRK.B Berkshire Hathaway Inc. Class B 0.19% 695 $349K Add +7.8%
PG The Procter & Gamble Co. 0.18% 2,206 $339K No change
MA Mastercard Inc. Class A 0.18% 590 $336K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 1,150 $324K No change
EPD Enterprise Products Partners 0.17% 10,122 $316K Add +0.0%
VYM Vanguard High DVD Yield ETF 0.13% 1,804 $254K Add +0.9%
OKE Oneok Inc. 0.13% 3,444 $251K No change
PSA Public Storage 0.13% 850 $246K No change
GS Goldman Sachs Group Inc. 0.13% 302 $240K No change
TSLA Tesla Inc. 0.13% 532 $237K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 4,500 $232K No change
IWD iShares Russell 1000 Value E 0.11% 1,007 $205K No change
V Visa Inc. Class A 0.11% 600 $205K No change
XEL Xcel Energy Inc. 0.11% 2,500 $202K No change
NVDA Nvidia Corp. 0.10% 1,040 $194K Add +5.0%
CHRD Chord Energy Corp. 0.09% 1,775 $176K No change
WDC Western Digital Corp. 0.09% 1,350 $162K No change
SCI Service Corp. International 0.08% 1,888 $157K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 324 $155K No change
GD General Dynamics Corp. 0.08% 455 $155K No change
NFLX Netflix Inc. 0.08% 125 $150K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 1,270 $145K Reduce -1.4%
IWB iShares Russell 1000 ETF 0.08% 395 $144K No change
UNH Unitedhealth Group Inc. 0.07% 403 $139K Add +15.1%
MU Micron Technology Inc. 0.07% 800 $134K Reduce -20.0%
GLD SPDR Gold Shares 0.07% 360 $128K No change
IVE iShares S&P 500 Value ETF 0.07% 607 $125K No change
IYW iShares Ustechnology ETF 0.07% 634 $124K No change
AMGN Amgen Inc. 0.06% 409 $115K No change
XLE SS Energy Select Sector 0.06% 1,278 $114K Add +0.2%
PLPC Preformed Line Products Co. 0.06% 580 $114K No change
ENB Enbridge Inc. 0.06% 2,222 $112K No change
FRD Friedman Industries 0.06% 5,000 $109K No change
IJK iShares S&P Mid-Cap 400 Grow 0.06% 1,126 $108K No change
SPLV Invesco S&P 500 Low Volatili 0.06% 1,465 $108K No change
VB Vanguard Most SM-Cap ETF-Usd 0.05% 405 $103K Reduce -9.2%
XLK SS Technology Select Sector 0.05% 363 $102K No change
C Citigroup Inc. 0.05% 1,000 $102K Reduce -28.6%
ROP Roper Technologies Inc. 0.05% 200 $100K No change
PAG Penske Automotive Group Inc. 0.05% 550 $96K No change
NWPX NWPX Infrastructure Inc. 0.05% 1,800 $95K No change
AR Antero Resources Corp. 0.05% 2,800 $94K No change
TIP iShares Tips Bond ETF 0.05% 843 $94K No change
PLAB Photronics Inc. 0.05% 4,000 $92K No change
CSCO Cisco Systems Inc. 0.05% 1,326 $91K Reduce -6.4%
ET Energy Transfer LP 0.05% 5,272 $90K No change
GILD Gilead Sciences Inc. 0.05% 812 $90K No change
DB Deutsche Bank AG-Registered 0.05% 2,500 $89K No change
COP Conocophillips 0.05% 933 $88K No change
CAT Caterpillar Inc. 0.05% 180 $86K No change
IJH iShares Core S&P Midcap ETF 0.04% 1,281 $84K Add +0.1%
AXP American Express Co. 0.04% 250 $83K No change
DAC Danaos Corp. 0.04% 900 $81K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.04% 673 $80K No change
VOO Vanguard S&P 500 ETF 0.04% 128 $78K No change
IVOV Vanguard S&P Mid-Cap 400 Val 0.04% 770 $78K No change
O Realty Income Corp. 0.04% 1,250 $76K No change
VIG Vanguard Dividend Apprec ETF 0.04% 350 $76K No change
META Meta Platforms Inc. Class A 0.04% 101 $74K No change
GNW Genworth Financial Inc. 0.04% 8,300 $74K No change
PRU Prudential Financial Inc. 0.04% 700 $73K No change
XLF SS Financial Select Sector 0.04% 1,332 $72K Add +0.1%
PPIH Perma-Pipe International Hol 0.04% 3,000 $70K Reduce -40.0%
RSPT Invesco S&P 500 Equal Weight 0.04% 1,540 $69K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.04% 785 $68K No change
BMY Bristol-Myers Squibb Co. 0.04% 1,500 $68K Add +25.0%
VHT Vanguard Health Care ETF 0.04% 259 $67K No change
MP MP Materials Corp. 0.04% 1,000 $67K New
YUM Yum! Brands Inc. 0.03% 430 $65K No change
COHR Coherent Corp. 0.03% 600 $65K No change
RELL Richardson Elec Ltd. 0.03% 6,500 $64K No change
PBR Petroleo Brasileiro-Spon ADR 0.03% 5,000 $63K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.03% 5,500 $63K No change
REI Ring Energy Inc. 0.03% 57,200 $62K Add +29.4%
PM Philip Morris International 0.03% 379 $61K No change
CLF Cleveland-Cliffs Inc. 0.03% 5,000 $61K No change
LPG Dorian LPG Ltd. 0.03% 2,000 $60K No change
CPT Camden Property Trust 0.03% 550 $59K No change
NAD Nuveen Quality Municipal Inc. 0.03% 5,000 $58K No change
MHO M/I Homes Inc. 0.03% 400 $58K No change
SONY Sony Group Corp. - SP ADR 0.03% 2,005 $58K No change
LIT Global X Lithium & Battery T 0.03% 1,015 $58K No change
EGY Vaalco Energy Inc. 0.03% 14,000 $56K No change
CCEC Capital Clean Energy Carrier 0.03% 2,500 $56K No change
GDX Vaneck Gold Miners ETF 0.03% 735 $56K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 300 $56K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 1,040 $55K No change
SHEL Shell PLC-ADR 0.03% 770 $55K No change
XLV SS Health Care Select Sector 0.03% 384 $53K No change
VIS Vanguard Industrials ETF 0.03% 180 $53K No change
IAU iShares Gold Trust 0.03% 710 $52K No change
SNDK Sandisk Corp. 0.03% 450 $50K No change
NBN Northeast Bank 0.03% 500 $50K No change
QQQM Invesco Nasdaq 100 ETF 0.03% 200 $49K No change
SCHD Schwab US DVD Equity ETF 0.03% 1,800 $49K No change
VST Vistra Corp. 0.03% 250 $49K No change
KIM Kimco Realty Corp. 0.03% 2,224 $49K No change
FSI Flexible Solutions Intl Inc. 0.03% 5,000 $48K No change
CMRE Costamare Inc. 0.03% 4,000 $48K No change
UNM Unum Group 0.02% 600 $47K No change
GEV GE Vernova Inc. 0.02% 75 $46K No change
SCHG Schwab US Large-Cap Growth 0.02% 1,429 $46K Add +0.1%
EOG EOG Resources Inc. 0.02% 406 $46K No change
CADE Cadence Bank 0.02% 1,200 $45K No change
KE Kimball Electronics Inc. 0.02% 1,500 $45K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 152 $45K No change
CI The Cigna Group 0.02% 153 $44K Add +53.0%
T AT&T Inc. 0.02% 1,552 $44K Add +15.0%
IRDM Iridium Communications Inc. 0.02% 2,500 $44K No change
FEZ State Street SPDR Euro Stoxx 0.02% 665 $41K No change
VALE Vale SA-SP ADR 0.02% 3,800 $41K No change
MET Metlife Inc. 0.02% 500 $41K No change
AGX Argan Inc. 0.02% 150 $41K Reduce -25.0%
SLRC SLR Investment Corp. 0.02% 2,640 $40K No change
PAI Western Asset Investment Gra 0.02% 3,140 $40K No change
SD Sandridge Energy Inc. 0.02% 3,500 $39K No change
ZIM Zim Integrated Shipping Serv 0.02% 2,900 $39K No change
EXK Endeavour Silver Corp. 0.02% 5,000 $39K No change
VZ Verizon Communications Inc. 0.02% 876 $39K No change
AMLP Alerian MLP ETF 0.02% 808 $38K No change
PLTR Palantir Technologies Inc. Class A 0.02% 207 $38K No change
GEHC GE Healthcare Technology 0.02% 499 $37K No change
TDW Tidewater Inc. 0.02% 700 $37K No change
IYM iShares U.S. Basic Materials 0.02% 250 $37K No change
INSW International Seaways Inc. 0.02% 800 $37K No change
VNQ Vanguard Real Estate ETF 0.02% 400 $37K No change
SDY SS SPDR S&P Dividend ETF 0.02% 260 $36K No change
KRG Kite Realty Group Trust 0.02% 1,600 $36K No change
LNG Cheniere Energy Inc. 0.02% 151 $35K No change
ERII Energy Recovery Inc. 0.02% 2,300 $35K No change
SPH Suburban Propane Partners LP 0.02% 1,877 $35K Add +56.4%
SAP Sap SE-Sponsored ADR 0.02% 131 $35K No change
PFFA Virtus Infracap US Pref STCK 0.02% 1,600 $35K No change
HBAN Huntington Bancshares Inc. 0.02% 2,000 $35K No change
XOP SS SPDR S&P Og Exp & Prod 0.02% 252 $33K No change
XLP SS Consumer Staples Sel Sect 0.02% 422 $33K Add +0.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.02% 110 $32K New
PB Prosperity Bancshares Inc. 0.02% 483 $32K No change
AXTI Axt Inc. 0.02% 7,000 $31K Reduce -30.0%
DAKT Daktronics Inc. 0.02% 1,500 $31K No change
CCNE CNB Financial Corp. 0.02% 1,282 $31K New
VPV Invesco Pa Val Muni Inc. 0.02% 3,000 $31K No change
NL Nli Holdings Inc. filed as NL INDS INC 0.02% 5,000 $31K No change
GSL Global Ship Lease Inc. Class A 0.02% 1,000 $31K No change
GMAB Genmab A/S -SP ADR 0.02% 1,000 $31K No change
IBIT iShares Bitcoin Trust ETF 0.02% 469 $30K No change
UFCS United Fire Group Inc. 0.02% 1,000 $30K No change
IVW iShares S&P 500 Growth ETF 0.02% 250 $30K No change
MMT Aberdeen Multimarket Income 0.02% 6,270 $30K No change
PKX Posco Holdings Inc. -Spon ADR 0.02% 600 $30K Add +100.0%
VRTX Vertex Pharmaceuticals Inc. 0.02% 75 $29K No change
PSX Phillips 66 0.02% 215 $29K No change
LAC Lithium Americas Corp. 0.02% 5,100 $29K Add +2.0%
XLI SS Industrial Select Sector 0.02% 188 $29K Add +0.5%
MPC Marathon Petroleum Corp. 0.02% 150 $29K No change
PPLT Abrdn Physical Platinum SHRS 0.02% 200 $29K No change
OXY Occidental Petroleum Corp. 0.01% 600 $28K No change
IJR iShares Core S&P Small-Cap E 0.01% 238 $28K No change
COF Capital One Financial Corp. 0.01% 132 $28K No change
SBRA Sabra Health Care REIT Inc. 0.01% 1,500 $28K New
FCX Freeport-McMoran Inc. 0.01% 700 $27K No change
IXN iShares Global Tech ETF 0.01% 266 $27K No change
TLS Telos Corporation 0.01% 4,000 $27K No change
BGR BlackRock Enrgy & Res TR 0.01% 2,000 $27K No change
HIG Hartford Insurance Group Inc. 0.01% 200 $27K No change
MDYG SS SPDR S&P 400 MC GR ETF 0.01% 287 $26K No change
ACI Albertsons Cos Inc. Class A 0.01% 1,500 $26K No change
KELYA Kelly Services Inc. Class A 0.01% 2,000 $26K No change
AOR iShares Core 60/40 Balanced 0.01% 406 $26K No change
YEXT Yext Inc. 0.01% 3,000 $26K No change
DOV Dover Corp. 0.01% 150 $25K No change
ORN Orion Group Holdings Inc. 0.01% 3,000 $25K No change
UEC Uranium Energy Corp. 0.01% 1,870 $25K Add +24.7%
SHBI Shore Bancshares Inc. 0.01% 1,500 $25K No change
AAP Advance Auto Parts Inc. 0.01% 400 $25K No change
SLYG SS SPDR S&P 600 SC GR ETF 0.01% 257 $24K Add +0.4%
PBF PBF Energy Inc. Class A 0.01% 800 $24K No change
F Ford Motor Co. filed as FORD MTR CO 0.01% 2,000 $24K No change
DHT DHT Holdings Inc. 0.01% 2,000 $24K No change
BRT BRT Apartments Corp. 0.01% 1,500 $23K No change
BTE Baytex Energy Corp. 0.01% 10,000 $23K No change
OCUL Ocular Therapeutix Inc. 0.01% 2,000 $23K No change
PAX Patria Investments Ltd. Class A 0.01% 1,600 $23K No change
ARCC Ares Capital Corp. 0.01% 1,110 $23K No change
UPS United Parcel Service Class B 0.01% 270 $23K No change
OGI Organigram Global Inc. 0.01% 11,000 $22K No change
TORO Toro Corp. 0.01% 7,000 $22K No change
SIL Global X Silver Miners ETF 0.01% 300 $21K No change
ASML ASML Holding NV-NY Reg SHS 0.01% 22 $21K No change
EXE Expand Energy Corp. 0.01% 200 $21K No change
BITB Bitwise Bitcoin ETF 0.01% 340 $21K New
GIFI Gulf Island Fabrication Inc. 0.01% 3,000 $21K No change
INTC Intel Corp. 0.01% 625 $21K Reduce -52.8%
LCTX Lineage Cell Therapeutics Inc. 0.01% 12,000 $20K No change
MO Altria Group Inc. 0.01% 306 $20K No change
VGT Vanguard Info Tech ETF 0.01% 27 $20K No change
AGG iShares Core U.S. Aggregate 0.01% 200 $20K No change
PAYX Paychex Inc. 0.01% 157 $20K No change
AEP American Electric Power 0.01% 173 $19K No change
GROW U.S. Global Investors Inc. Class A 0.01% 7,000 $19K No change
MX Magnachip Semiconductor Corp. 0.01% 6,000 $19K No change
SYK Stryker Corp. 0.01% 50 $18K New
HQH Abrdn Healthcare Investors 0.01% 1,000 $18K No change
MFIC Midcap Financial Investment 0.01% 1,500 $18K No change
KBE SS SPDR S&P Bank ETF 0.01% 300 $18K No change
GNK Genco Shipping & Trading Ltd. 0.01% 1,000 $18K No change
SLV iShares Silver Trust 0.01% 410 $17K No change
HACK Amplify Cybersecurity ETF 0.01% 200 $17K No change
ABR Arbor Realty Trust Inc. 0.01% 1,400 $17K No change
PDS Precision Drilling Corp. 0.01% 300 $17K No change
IWF iShares Russell 1000 Growth 0.01% 36 $17K No change
BBH Vaneck Biotech ETF 0.01% 100 $17K No change
PUBM Pubmatic Inc. Class A 0.01% 2,000 $17K No change
NRG NRG Energy Inc. 0.01% 101 $16K Add +1.0%
KMI Kinder Morgan Inc. 0.01% 562 $16K Reduce -78.8%
WES Western Midstream Partners L 0.01% 400 $16K New
NATR Natures Sunshine Prods Inc. 0.01% 1,000 $16K No change
YUMC Yum China Holdings Inc. 0.01% 350 $15K No change
FTEK Fuel Tech Inc. 0.01% 5,000 $15K Reduce -75.0%
RFIL RF Industries Ltd. filed as RF INDS LTD 0.01% 1,820 $15K No change
FENY Fidelity MSCI Energy Index 0.01% 593 $15K No change
CNI Canadian Natl Railway Co. 0.01% 150 $14K New
IP International Paper Co. 0.01% 300 $14K No change
DOW Dow Inc. 0.01% 600 $14K No change
BCAT BlackRock Capital Alloc TR 0.01% 900 $13K No change
XLG Invesco S&P 500 Top 50 ETF 0.01% 230 $13K No change
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.01% 2,000 $13K No change
OCSL Oaktree Specialty Lending Co. 0.01% 1,000 $13K No change
LNTH Lantheus Holdings Inc. 0.01% 250 $13K No change
CATO Cato Corp. Class A 0.01% 3,000 $13K New
OFLX Omega Flex Inc. 0.01% 400 $12K No change
OPRA Opera Ltd.-ADR 0.01% 600 $12K No change
ARRY Array Technologies Inc. 0.01% 1,500 $12K No change
SOCL Global X Social Media ETF 0.01% 200 $12K No change
FTI Technipfmc PLC 0.01% 300 $12K New
CPRX Catalyst Pharmaceuticals Inc. 0.01% 600 $12K New
IWN iShares Russell 2000 Value E 0.01% 66 $12K No change
IGV iShares Expanded Tech-Softwa 0.01% 100 $12K No change
INCR Intercure Ltd. 0.01% 7,000 $11K No change
DSI iShares ESG MSCI KLD 400 ETF 0.01% 89 $11K No change
IYF iShares US Financials ETF 0.01% 87 $11K No change
XLC SS Comm Select Sector SPDR 0.01% 93 $11K Reduce -61.7%
PSEC Prospect Capital Corp. 0.01% 4,000 $11K No change
CAG Conagra Brands Inc. 0.01% 600 $11K New
AQN Algonquin Power & Utilities 0.01% 2,000 $11K No change
LB Landbridge Co. LLC-A 0.01% 200 $11K New
KBDC Kayne Anderson BDC Inc. 0.01% 800 $11K New
EWG iShares MSCI Germany ETF 0.01% 250 $10K New
NKTX Nkarta Inc. 0.01% 5,000 $10K No change
VTRS Viatris Inc. 0.01% 1,000 $10K No change
JOE The St Joe Co. 0.01% 200 $10K No change
LBRT Liberty Energy Inc. 0.01% 800 $10K No change
DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 0.01% 1,600 $10K No change
CNQ Canadian Natural Resources 0.01% 300 $10K New
SGMOQ Sangamo Therapeutics Inc. 0.01% 14,000 $9K No change
RXST Rxsight Inc. 0.00% 1,000 $9K New
TROX Tronox Holdings PLC 0.00% 2,200 $9K No change
BBDC Barings BDC Inc. 0.00% 979 $9K No change
OWL Blue Owl Capital Inc. 0.00% 500 $8K New
SHIP Seanergy Maritime Holdings 0.00% 1,000 $8K No change
NBR Nabors Industries Ltd. 0.00% 200 $8K No change
MTH Meritage Homes Corp. 0.00% 112 $8K No change
ALB Albemarle Corp. 0.00% 100 $8K No change
KMB Kimberly-Clark Corp. 0.00% 65 $8K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.00% 46 $8K Reduce -81.3%
CMI Cummins Inc. 0.00% 19 $8K No change
VKTX Viking Therapeutics Inc. 0.00% 300 $8K No change
FOUR SHIFT4 Payments Inc. Class A 0.00% 100 $8K New
SRL Scully Royalty Ltd. 0.00% 1,177 $7K No change
TAP Molson Coors Beverage Co. Class B 0.00% 152 $7K No change
ESGD iShares Trust iShares ESG Aw 0.00% 73 $7K No change
IXJ iShares Global Healthcare Et 0.00% 76 $7K No change
IYE iShares U.S. Energy ETF 0.00% 141 $7K Add +0.7%
TSM Taiwan Semiconductor-SP ADR 0.00% 24 $7K No change
AES AES Corp. 0.00% 500 $7K No change
MAIN Main Street Capital Corp. 0.00% 100 $6K No change
SWK Stanley Black & Decker Inc. 0.00% 83 $6K No change
CTRM Castor Maritime Inc. 0.00% 2,800 $6K No change
BHP BHP Group Ltd.-Spon ADR 0.00% 101 $6K No change
IXC iShares Global Energy ETF 0.00% 132 $6K No change
VDC Vanguard Consumer Staple ETF 0.00% 25 $5K No change
PNQI Invesco Nasdaq Internet ETF 0.00% 95 $5K No change
LSTA Lisata Therapeutics Inc. 0.00% 2,000 $5K No change
PTEN Patterson-Uti Energy Inc. 0.00% 1,000 $5K No change
VCR Vanguard Consumer Discre ETF 0.00% 13 $5K No change
RIO Rio Tinto PLC-Spon ADR 0.00% 77 $5K No change
GLSI Greenwich Lifesciences Inc. 0.00% 500 $5K No change
NNDM Nano Dimension Ltd. - ADR 0.00% 3,000 $5K No change
LVS Las Vegas Sands Corp. 0.00% 83 $4K No change
FANG Diamondback Energy Inc. 0.00% 27 $4K No change
ENPH Enphase Energy Inc. 0.00% 100 $4K No change
LUV Southwest Airlines Co. 0.00% 100 $3K No change
LEU Centrus Energy Corp. Class A 0.00% 10 $3K No change
EUFN iShares MSCI Europe Financia 0.00% 84 $3K No change
FTEC Fidelity MSCI Info Tech Indx 0.00% 12 $3K No change
BGSF BGSF Inc. 0.00% 375 $3K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 23 $3K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.00% 30 $2K No change
VAW Vanguard Materials ETF 0.00% 12 $2K No change
IDOG Alps International Sector Di 0.00% 69 $2K No change
XES SS SPDR S&P Og Eqp & Serv 0.00% 33 $2K No change
MDT Medtronic PLC 0.00% 25 $2K No change
JNK SS SPDR BB High Yield Bond 0.00% 24 $2K Add +4.3%
EWT iShares MSCI Taiwan ETF 0.00% 33 $2K No change
RELY Remitly Global Inc. 0.00% 125 $2K No change
FRT Federal Realty Invs Trust 0.00% 20 $2K No change
EEMA iShares MSCI Emerg MRKT Asia 0.00% 22 $2K No change
EWU iShares MSCI United Kingdom 0.00% 48 $2K No change
EWI iShares MSCI Italy ETF 0.00% 37 $2K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.00% 21 $2K No change
EWC iShares MSCI Canada ETF 0.00% 37 $2K No change
GCOW Pacer Global Cash Cows Divid 0.00% 42 $2K No change
EWP iShares MSCI Spain ETF 0.00% 28 $1K No change
VNRX Volitionrx Ltd. 0.00% 2,000 $1K No change
ALRM Alarm.com Holdings Inc. 0.00% 25 $1K No change
BEP Brookfield Renewable Partner 0.00% 47 $1K No change
APLD Applied Digital Corp. 0.00% 50 $1K No change
RBNE Robin Energy Ltd. 0.00% 875 $1K No change
XMTR Xometry Inc. Class A 0.00% 20 $1K No change
PSFE Paysafe Ltd. 0.00% 80 $1K No change
CAPL Crossamerica Partners LP 0.00% 47 $994 Add +2.2%
EWA iShares MSCI Australia ETF 0.00% 35 $945 No change
CTRA Coterra Energy Inc. 0.00% 39 $929 No change
DVN Devon Energy Corp. 0.00% 26 $898 No change
IBB iShares Biotechnology ETF 0.00% 6 $881 No change
WBD Warner Bros Discovery Inc. 0.00% 40 $781 New
ITOT iShares Core S&P Total U.S. 0.00% 5 $779 No change
VGAS Verde Clean Fuels Inc. 0.00% 250 $763 No change
XPRO Expro Group Holdings NV 0.00% 50 $594 No change
WMB Williams Cos Inc. 0.00% 9 $589 No change
RWL Invesco S&P 500 Revenue ETF 0.00% 5 $587 No change
JAZZ Jazz Pharmaceuticals PLC 0.00% 4 $527 New
BUL Pacer US Cash Cows Growth 0.00% 10 $524 No change
PSCC Invesco S&P Smallcap Consume 0.00% 16 $518 No change
FNCL Fidelity MSCI Financial Indx 0.00% 7 $516 No change
SPNS Sapiens International Corp. 0.00% 12 $516 No change
FOA Finance of America Cos Inc. Class A 0.00% 20 $449 No change
MGTX Meiragtx Holdings PLC 0.00% 50 $412 No change
GLP Global Partners LP 0.00% 8 $405 No change
FHLC Fidelity MSCI Health Care 0.00% 5 $364 No change
WFRD Weatherford International PL 0.00% 5 $342 No change
CTRE Caretrust REIT Inc. 0.00% 8 $290 No change
MPTI M-Tron Industries Inc. 0.00% 5 $277 No change
SPYV SS SPDR P S&P 500 Value ETF 0.00% 4 $235 No change
FXG First Trust Consumer Staples 0.00% 3 $209 No change
SPCE Virgin Galactic Holdings Inc. 0.00% 40 $154 New
DFIN Donnelley Financial Solution 0.00% 2 $103 No change
RMR RMR Group Inc./the - A 0.00% 2 $31 No change
ACB Aurora Cannabis Inc. 0.00% 3 $18 New
AAL American Airlines Group Inc. 0.00% 1 $11 No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $2K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 75$2KNew
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 5$9New

Total filed on the 13F, all lines: $188.8M.

Portfolio Sells Q2 2025 → Q3 2025
ADBE Adobe Inc. Reduce -1.0% 1.51% −0.38
JPM JPMorgan Chase & Co. Reduce -0.4% 5.71% −0.25
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 3.76% −0.19
SPYG SS SPDR P S&P 500 Growth ETF Reduce -0.1% 4.84% −0.16
MCD McDonald's Corp. Reduce -2.3% 1.39% −0.16
MRK Merck & Co. Inc. Reduce -1.1% 1.62% −0.13
HEI Heico Corp. Sold out 0.00% −0.12
HES Hess Corp. Sold out 0.00% −0.11
WMT Walmart Inc. Reduce -25.9% 0.23% −0.10
UAL United Airlines Holdings Inc. Sold out 0.00% −0.06
BA The Boeing Co. Reduce -1.7% 0.44% −0.05
IHI iShares U.S. Medical Devices Sold out 0.00% −0.04
KMI Kinder Morgan Inc. Reduce -78.8% 0.01% −0.04
PPIH Perma-Pipe International Hol Reduce -40.0% 0.04% −0.03
PEP Pepsico Inc. Reduce -3.8% 0.27% −0.03
FTEK Fuel Tech Inc. Reduce -75.0% 0.01% −0.02
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -81.3% 0.00% −0.02
BSX Boston Scientific Corp. Sold out 0.00% −0.02
DIS The Walt Disney Co. Reduce -1.4% 0.08% −0.02
C Citigroup Inc. Reduce -28.6% 0.05% −0.02
ESSA Essa Bancorp Inc. Sold out 0.00% −0.02
CSCO Cisco Systems Inc. Reduce -6.4% 0.05% −0.01
XLC SS Comm Select Sector SPDR Reduce -61.7% 0.01% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -9.2% 0.05% −0.01
HD Home Depot Inc. Reduce -0.1% 0.30% −0.01
INTC Intel Corp. Reduce -52.8% 0.01% −0.01
AGX Argan Inc. Reduce -25.0% 0.02% −0.01
FBRT Franklin BSP Realty Trust Inc. Sold out 0.00% −0.00
CMDB Costamare Bulkers Holding Sold out 0.00% −0.00
CIO City Office REIT Inc. Sold out 0.00% −0.00
MU Micron Technology Inc. Reduce -20.0% 0.07% −0.00
EMN Eastman Chemical Co. Sold out 0.00% −0.00
NKE Nike Inc. Class B Sold out 0.00% −0.00
CHX Championx Corp. Sold out 0.00% −0.00
AXTI Axt Inc. Reduce -30.0% 0.02% +0.00
ORCL Oracle Corp. Reduce -3.0% 0.36% +0.03
RTX RTX Corp. Reduce -0.1% 4.82% +0.06
NOC Northrop Grumman Corp. Reduce -0.2% 1.52% +0.11
ABBV Abbvie Inc. Reduce -1.1% 3.05% +0.25
JNJ Johnson & Johnson Reduce -0.2% 4.64% +0.31
GLW Corning Inc. Reduce -0.9% 6.36% +1.70

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +1.2% 5.24% +0.52
GOOG Alphabet Inc. Class C Add +0.0% 2.87% +0.50
CQP Cheniere Energy Partners LP Add +87.2% 1.19% +0.44
PAGP Plains GP Holdings LP Add +81.9% 1.18% +0.40
AVGO Broadcom Inc. Add +420.0% 0.19% +0.16
EXCHANGE TRADED CONCEPTS TRU Add +2.1% 1.17% +0.15
MP MP Materials Corp. New 0.04% +0.04
VOT Vngrd Mrngstr MC GRW ETF-Usd New 0.02% +0.02
CCNE CNB Financial Corp. New 0.02% +0.02
SBRA Sabra Health Care REIT Inc. New 0.01% +0.01
REI Ring Energy Inc. Add +29.4% 0.03% +0.01
BITB Bitwise Bitcoin ETF New 0.01% +0.01
SYK Stryker Corp. New 0.01% +0.01
NVDA Nvidia Corp. Add +5.0% 0.10% +0.01
UNH Unitedhealth Group Inc. Add +15.1% 0.07% +0.01
WES Western Midstream Partners L New 0.01% +0.01
CNI Canadian Natl Railway Co. New 0.01% +0.01
LAC Lithium Americas Corp. Add +2.0% 0.02% +0.01
UEC Uranium Energy Corp. Add +24.7% 0.01% +0.01
PKX Posco Holdings Inc. -Spon ADR Add +100.0% 0.02% +0.01
CATO Cato Corp. Class A New 0.01% +0.01
CPRX Catalyst Pharmaceuticals Inc. New 0.01% +0.01
FTI Technipfmc PLC New 0.01% +0.01
CAG Conagra Brands Inc. New 0.01% +0.01
LB Landbridge Co. LLC-A New 0.01% +0.01
KBDC Kayne Anderson BDC Inc. New 0.01% +0.01
EWG iShares MSCI Germany ETF New 0.01% +0.01
SPH Suburban Propane Partners LP Add +56.4% 0.02% +0.01
CNQ Canadian Natural Resources New 0.01% +0.01
RXST Rxsight Inc. New 0.00% +0.00
OWL Blue Owl Capital Inc. New 0.00% +0.00
FOUR SHIFT4 Payments Inc. Class A New 0.00% +0.00
CI The Cigna Group Add +53.0% 0.02% +0.00
CVX Chevron Corp. Add +4.4% 3.05% +0.00
BMY Bristol-Myers Squibb Co. Add +25.0% 0.04% +0.00
WBD Warner Bros Discovery Inc. New 0.00% +0.00
JAZZ Jazz Pharmaceuticals PLC New 0.00% +0.00
SPCE Virgin Galactic Holdings Inc. New 0.00% +0.00
ACB Aurora Cannabis Inc. New 0.00% 0.00
CAPL Crossamerica Partners LP Add +2.2% 0.00% −0.00
JNK SS SPDR BB High Yield Bond Add +4.3% 0.00% −0.00
T AT&T Inc. Add +15.0% 0.02% −0.00
IYE iShares U.S. Energy ETF Add +0.7% 0.00% −0.00
SLYG SS SPDR S&P 600 SC GR ETF Add +0.4% 0.01% −0.00
SCHG Schwab US Large-Cap Growth Add +0.1% 0.02% −0.00
NRG NRG Energy Inc. Add +1.0% 0.01% −0.00
XLI SS Industrial Select Sector Add +0.5% 0.02% −0.00
BRK.B Berkshire Hathaway Inc. Class B Add +7.8% 0.19% −0.00
XLP SS Consumer Staples Sel Sect Add +0.2% 0.02% −0.00
IJH iShares Core S&P Midcap ETF Add +0.1% 0.04% −0.00

Notes & Other Activity Q2 2025 → Q3 2025
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 New 75 $2K
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 New 5 $9

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 419$231.1MGLW, QQQ, AMAT, MSFT, JNJ
Q1 2026 389$204.8MQQQ, GLW, MSFT, JNJ, XOM
Q4 2025 406$192.6MQQQ, MSFT, GLW, JPM, AAPL
Q3 2025 394$188.8MQQQ, MSFT, GLW, JPM, AAPL
Q2 2025 383$166.8MQQQ, MSFT, JPM, SPYG, RTX
Q1 2025 370$154.6MQQQ, MSFT, AAPL, JPM, RTX
Q4 2024 368$158.0MQQQ, MSFT, AAPL, JPM, SPYG
Q3 2024 376$164.2MQQQ, MSFT, AAPL, JPM, SPYG
Q2 2024 370$154.3MQQQ, MSFT, AAPL, JPM, XOM
Q1 2024 356$147.9MQQQ, MSFT, AAPL, JPM, XOM