Founders Capital Management

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 15, 2026), Founders Capital Management reported 406 stock positions worth $192.6 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 9.7% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Corning (GLW, 6.5%). Compared with Q3 2025, it opened 36 new positions, sold out of 24, added to 41 and reduced 49. The biggest buy was a new position in Bitwise Crypto Indu Inno ETF (BITQ) and the biggest sale Air Products & Chemicals (APD, shares −39%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001704300
Portfolio Value
$192.6M (Q4 2025)
SEC Filing
0001704300-26-000001 ↗ filed Jan 15, 2026

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 Q3 2025 Q4 2025: $192.6M $192.6M Q4 2025 Q1 2026: $204.8M Q1 2026 Q2 2026: $231.1M Q2 2026

Holdings 406 stocks · $192.6M
QQQ Invesco QQQ Trust Series 1 9.73% 30,509 $18.7M Reduce -0.4%
MSFT Microsoft Corp. 6.90% 27,460 $13.3M Reduce -0.8%
GLW Corning Inc. 6.55% 144,029 $12.6M Reduce -1.5%
JPM JPMorgan Chase & Co. 5.60% 33,474 $10.8M Reduce -2.1%
AAPL Apple Inc. 5.45% 38,611 $10.5M Reduce -0.7%
RTX RTX Corp. 5.12% 53,735 $9.9M Reduce -1.2%
JNJ Johnson & Johnson 5.06% 47,057 $9.7M Reduce -0.4%
SPYG SS SPDR P S&P 500 Growth ETF 4.86% 87,639 $9.4M Add +0.3%
SPY SS SPDR S&P 500 ETF Trust-US 3.74% 10,567 $7.2M Reduce -0.8%
LMT Lockheed Martin Corp. 3.69% 14,700 $7.1M Reduce -0.9%
XOM Exxon Mobil Corp. 3.67% 58,728 $7.1M Reduce -0.4%
GOOG Alphabet Inc. Class C 3.61% 22,182 $7.0M Reduce -0.2%
CVX Chevron Corp. 2.96% 37,398 $5.7M Add +1.0%
ABBV Abbvie Inc. 2.94% 24,771 $5.7M Reduce -0.5%
AMAT Applied Materials Inc. 2.26% 16,944 $4.4M Add +1.0%
MRK Merck & Co. Inc. 1.97% 35,976 $3.8M Reduce -1.5%
EMR Emerson Electric Co. 1.67% 24,280 $3.2M Reduce -1.1%
APD Air Products & Chemicals Inc. 1.52% 11,861 $2.9M Reduce -38.5%
NOC Northrop Grumman Corp. 1.39% 4,693 $2.7M Reduce -0.5%
MCD McDonald's Corp. 1.35% 8,534 $2.6M Reduce -1.4%
ADBE Adobe Inc. 1.19% 6,565 $2.3M Reduce -18.9%
FNDA Schwab Fndmntl US SM Co. ETF 1.17% 71,491 $2.3M Reduce -0.4%
PAGP Plains GP Holdings LP 0.98% 98,333 $1.9M Reduce -19.6%
BITQ Bitwise Crypto Indu Inno ETF 0.95% 92,160 $1.8M New
CQP Cheniere Energy Partners LP 0.86% 30,817 $1.6M Reduce -26.2%
SLB SLB Ltd. filed as SLB LIMITED 0.78% 39,074 $1.5M Add +0.2%
EPD Enterprise Products Partners 0.53% 31,852 $1.0M Add +214.7%
BITW Bitwise 10 Crypto Index ETF 0.49% 16,176 $951K New
BA The Boeing Co. 0.45% 3,948 $857K Add +2.6%
AMZN Amazon.com Inc. 0.44% 3,706 $855K Add +5.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.42% 1,698 $816K Add +3.7%
KO The Coca-Cola Co. 0.32% 8,763 $613K No change
TXN Texas Instruments Inc. 0.28% 3,137 $544K Reduce -0.9%
PEP Pepsico Inc. 0.27% 3,590 $515K No change
GOOGL Alphabet Inc. Class A 0.26% 1,585 $496K No change
ORCL Oracle Corp. 0.25% 2,443 $476K No change
RSP Invesco S&P 500 Equal Weight 0.24% 2,461 $471K Add +0.1%
HD Home Depot Inc. 0.24% 1,350 $465K Reduce -3.6%
WMT Walmart Inc. 0.23% 4,048 $451K Reduce -4.3%
LOW Lowe's Cos Inc. 0.23% 1,866 $450K No change
WFC Wells Fargo & Co. 0.23% 4,697 $438K No change
VLO Valero Energy Corp. 0.22% 2,630 $428K No change
BRK.B Berkshire Hathaway Inc. Class B 0.21% 798 $401K Add +14.8%
COST Costco Wholesale Corp. 0.21% 458 $395K No change
AVGO Broadcom Inc. 0.19% 1,042 $361K Reduce -4.6%
SCHW Schwab (charles) Corp. 0.19% 3,582 $358K Reduce -2.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 1,200 $356K Add +4.3%
MA Mastercard Inc. Class A 0.17% 590 $337K No change
PFE Pfizer Inc. 0.16% 12,252 $305K Reduce -17.2%
PG The Procter & Gamble Co. 0.16% 2,127 $305K Reduce -3.6%
GS Goldman Sachs Group Inc. 0.14% 302 $265K No change
VYM Vanguard High DVD Yield ETF 0.13% 1,809 $260K Add +0.3%
OKE Oneok Inc. 0.13% 3,444 $253K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 4,470 $246K Reduce -0.7%
TSLA Tesla Inc. 0.12% 532 $239K No change
MU Micron Technology Inc. 0.12% 800 $228K No change
PSA Public Storage 0.11% 850 $221K No change
WDC Western Digital Corp. 0.11% 1,250 $215K Reduce -7.4%
IWD iShares Russell 1000 Value E 0.11% 1,007 $212K No change
V Visa Inc. Class A 0.11% 600 $210K No change
UNH Unitedhealth Group Inc. 0.10% 603 $199K Add +49.6%
NVDA Nvidia Corp. 0.10% 1,040 $194K No change
XEL Xcel Energy Inc. 0.10% 2,500 $185K No change
CHRD Chord Energy Corp. 0.09% 1,775 $165K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 324 $158K No change
GD General Dynamics Corp. 0.08% 455 $153K No change
IWB iShares Russell 1000 ETF 0.08% 395 $148K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 1,270 $144K No change
GLD SPDR Gold Shares 0.07% 360 $143K No change
SCI Service Corp. International 0.07% 1,800 $140K Reduce -4.7%
AMGN Amgen Inc. 0.07% 409 $134K No change
IVE iShares S&P 500 Value ETF 0.07% 607 $129K No change
PLAB Photronics Inc. 0.07% 4,000 $128K No change
IYW iShares Ustechnology ETF 0.07% 634 $127K No change
PLPC Preformed Line Products Co. 0.06% 580 $120K No change
NFLX Netflix Inc. 0.06% 1,250 $117K No change
C Citigroup Inc. 0.06% 1,000 $117K No change
XLE SS Energy Select Sector 0.06% 2,559 $114K Add +0.1%
META Meta Platforms Inc. Class A 0.06% 171 $113K Add +69.3%
NWPX NWPX Infrastructure Inc. 0.06% 1,800 $112K No change
IJK iShares S&P Mid-Cap 400 Grow 0.06% 1,126 $109K No change
ENB Enbridge Inc. 0.06% 2,222 $106K No change
VB Vanguard Most SM-Cap ETF-Usd 0.05% 409 $106K Add +1.0%
XLK SS Technology Select Sector 0.05% 725 $104K Reduce -0.1%
CAT Caterpillar Inc. 0.05% 180 $103K No change
FRD Friedman Industries 0.05% 5,000 $102K No change
CSCO Cisco Systems Inc. 0.05% 1,326 $102K No change
GILD Gilead Sciences Inc. 0.05% 812 $100K No change
AR Antero Resources Corp. 0.05% 2,800 $96K No change
ET Energy Transfer LP 0.05% 5,805 $96K Add +10.1%
TIP iShares Tips Bond ETF 0.05% 843 $93K No change
AXP American Express Co. 0.05% 250 $92K No change
COHR Coherent Corp. 0.05% 500 $92K Reduce -16.7%
PPIH Perma-Pipe International Hol 0.05% 3,000 $91K No change
SPLV Invesco S&P 500 Low Volatili 0.05% 1,245 $89K Reduce -15.0%
PAG Penske Automotive Group Inc. 0.05% 550 $87K No change
DAC Danaos Corp. 0.04% 900 $85K No change
IJH iShares Core S&P Midcap ETF 0.04% 1,282 $85K Add +0.1%
SNDK Sandisk Corp. 0.04% 350 $83K Reduce -22.2%
BMY Bristol-Myers Squibb Co. 0.04% 1,500 $81K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.04% 673 $81K No change
VOO Vanguard S&P 500 ETF 0.04% 128 $80K No change
PRU Prudential Financial Inc. 0.04% 700 $79K No change
IVOV Vanguard S&P Mid-Cap 400 Val 0.04% 770 $78K No change
DB Deutsche Bank AG-Registered 0.04% 2,000 $77K Reduce -20.0%
VIG Vanguard Dividend Apprec ETF 0.04% 350 $77K No change
ROP Roper Technologies Inc. 0.04% 170 $76K Reduce -15.0%
COP Conocophillips 0.04% 806 $75K Reduce -13.6%
VHT Vanguard Health Care ETF 0.04% 259 $75K No change
XLF SS Financial Select Sector 0.04% 1,334 $73K Add +0.1%
RELL Richardson Elec Ltd. 0.04% 6,500 $71K No change
O Realty Income Corp. 0.04% 1,250 $70K No change
RSPT Invesco S&P 500 Equal Weight 0.04% 1,540 $70K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.03% 1,570 $67K No change
CLF Cleveland-Cliffs Inc. 0.03% 5,000 $66K No change
LIT Global X Lithium & Battery T 0.03% 1,015 $66K No change
YUM Yum! Brands Inc. 0.03% 430 $65K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.03% 5,500 $64K No change
CMRE Costamare Inc. 0.03% 4,000 $63K No change
GDX Vaneck Gold Miners ETF 0.03% 735 $63K No change
CRM Salesforce Inc. 0.03% 236 $63K New
ZIM Zim Integrated Shipping Serv 0.03% 2,900 $62K No change
PM Philip Morris International 0.03% 379 $61K No change
CPT Camden Property Trust 0.03% 550 $61K No change
NAD Nuveen Quality Municipal Inc. 0.03% 5,000 $60K No change
XLV SS Health Care Select Sector 0.03% 384 $59K No change
PBR Petroleo Brasileiro-Spon ADR 0.03% 5,000 $59K No change
IAU iShares Gold Trust 0.03% 710 $58K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 300 $57K No change
AXTI Axt Inc. 0.03% 3,500 $57K Reduce -50.0%
SHEL Shell PLC-ADR 0.03% 770 $57K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 1,040 $55K No change
VIS Vanguard Industrials ETF 0.03% 180 $54K No change
INSW International Seaways Inc. 0.03% 1,100 $53K Add +37.5%
CCEC Capital Clean Energy Carrier 0.03% 2,500 $52K No change
NBN Northeast Bank 0.03% 500 $52K No change
CADE Cadence Bank 0.03% 1,200 $51K No change
SONY Sony Group Corp. - SP ADR 0.03% 2,005 $51K No change
MHO M/I Homes Inc. 0.03% 400 $51K No change
EGY Vaalco Energy Inc. 0.03% 14,000 $51K No change
QQQM Invesco Nasdaq 100 ETF 0.03% 200 $51K No change
SD Sandridge Energy Inc. 0.03% 3,500 $51K No change
VALE Vale SA-SP ADR 0.03% 3,800 $50K No change
SCHD Schwab US DVD Equity ETF 0.03% 1,800 $49K No change
GEV GE Vernova Inc. 0.03% 75 $49K No change
LPG Dorian LPG Ltd. 0.03% 2,000 $49K No change
CI The Cigna Group 0.02% 173 $48K Add +13.1%
TORO Toro Corp. 0.02% 9,000 $48K Add +28.6%
EXK Endeavour Silver Corp. 0.02% 5,000 $47K No change
SCHG Schwab US Large-Cap Growth 0.02% 1,436 $47K Add +0.5%
KIM Kimco Realty Corp. 0.02% 2,224 $45K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 292 $45K New
IRDM Iridium Communications Inc. 0.02% 2,500 $43K No change
GMAB Genmab A/S -SP ADR 0.02% 1,400 $43K Add +40.0%
FEZ State Street SPDR Euro Stoxx 0.02% 665 $43K No change
EOG EOG Resources Inc. 0.02% 406 $43K No change
KE Kimball Electronics Inc. 0.02% 1,500 $42K No change
REI Ring Energy Inc. 0.02% 47,200 $41K Reduce -17.5%
GEHC GE Healthcare Technology 0.02% 499 $41K No change
SLRC SLR Investment Corp. 0.02% 2,640 $41K No change
VST Vistra Corp. 0.02% 250 $40K No change
MET Metlife Inc. 0.02% 500 $39K No change
PAI Western Asset Investment Gra 0.02% 3,140 $39K No change
IYM iShares U.S. Basic Materials 0.02% 250 $38K No change
KRG Kite Realty Group Trust 0.02% 1,600 $38K No change
AMLP Alerian MLP ETF 0.02% 808 $38K No change
INTC Intel Corp. 0.02% 1,025 $38K Add +64.0%
PPLT Abrdn Physical Platinum SHRS 0.02% 200 $37K No change
PLTR Palantir Technologies Inc. Class A 0.02% 207 $37K No change
SDY SS SPDR S&P Dividend ETF 0.02% 260 $36K No change
VZ Verizon Communications Inc. 0.02% 876 $36K No change
FCX Freeport-McMoran Inc. 0.02% 700 $36K No change
VNQ Vanguard Real Estate ETF 0.02% 400 $35K No change
MP MP Materials Corp. 0.02% 700 $35K Reduce -30.0%
GSL Global Ship Lease Inc. Class A 0.02% 1,000 $35K No change
HBAN Huntington Bancshares Inc. 0.02% 2,000 $35K No change
PFFA Virtus Infracap US Pref STCK 0.02% 1,600 $34K No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 75 $34K No change
FSI Flexible Solutions Intl Inc. 0.02% 5,000 $34K No change
CCNE CNB Financial Corp. 0.02% 1,282 $34K No change
T AT&T Inc. 0.02% 1,350 $34K Reduce -13.0%
PB Prosperity Bancshares Inc. 0.02% 483 $33K No change
BITB Bitwise Bitcoin ETF 0.02% 700 $33K Add +105.9%
XLP SS Consumer Staples Sel Sect 0.02% 424 $33K Add +0.5%
BTE Baytex Energy Corp. 0.02% 10,000 $32K No change
COF Capital One Financial Corp. 0.02% 132 $32K No change
PKX Posco Holdings Inc. -Spon ADR 0.02% 600 $32K No change
SAP Sap SE-Sponsored ADR 0.02% 131 $32K No change
XOP SS SPDR S&P Og Exp & Prod 0.02% 252 $32K No change
VPV Invesco Pa Val Muni Inc. 0.02% 3,000 $31K No change
AGX Argan Inc. 0.02% 100 $31K Reduce -33.3%
IVW iShares S&P 500 Growth ETF 0.02% 253 $31K Add +1.2%
ERII Energy Recovery Inc. 0.02% 2,300 $31K No change
GM General Motors Co. 0.02% 378 $31K New
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.02% 110 $31K No change
TDW Tidewater Inc. 0.02% 600 $30K Reduce -14.3%
ORN Orion Group Holdings Inc. 0.02% 3,000 $30K No change
DAKT Daktronics Inc. 0.02% 1,500 $30K No change
LNG Cheniere Energy Inc. 0.02% 151 $29K No change
DOV Dover Corp. 0.02% 150 $29K No change
XLI SS Industrial Select Sector 0.02% 188 $29K No change
MMT Aberdeen Multimarket Income 0.02% 6,270 $29K No change
IJR iShares Core S&P Small-Cap E 0.01% 239 $29K Add +0.4%
SBRA Sabra Health Care REIT Inc. 0.01% 1,500 $28K No change
IXN iShares Global Tech ETF 0.01% 266 $28K No change
UHS Universal Health Services-B 0.01% 128 $28K New
PSX Phillips 66 0.01% 215 $28K No change
HIG Hartford Insurance Group Inc. 0.01% 200 $28K No change
CCJ Cameco Corp. 0.01% 300 $27K New
SLV iShares Silver Trust 0.01% 425 $27K Add +3.7%
NL Nli Holdings Inc. filed as NL INDS INC 0.01% 5,000 $27K No change
GNW Genworth Financial Inc. 0.01% 3,000 $27K Reduce -63.9%
BGR BlackRock Enrgy & Res TR 0.01% 2,000 $27K No change
UPS United Parcel Service Class B 0.01% 270 $27K No change
MDYG SS SPDR S&P 400 MC GR ETF 0.01% 288 $27K Add +0.3%
SHBI Shore Bancshares Inc. 0.01% 1,500 $27K No change
AOR iShares Core 60/40 Balanced 0.01% 406 $26K No change
F Ford Motor Co. filed as FORD MTR CO 0.01% 2,000 $26K No change
PAX Patria Investments Ltd. Class A 0.01% 1,600 $25K No change
SIL Global X Silver Miners ETF 0.01% 300 $25K No change
OXY Occidental Petroleum Corp. 0.01% 600 $25K No change
DHT DHT Holdings Inc. 0.01% 2,000 $24K No change
MPC Marathon Petroleum Corp. 0.01% 150 $24K No change
OCUL Ocular Therapeutix Inc. 0.01% 2,000 $24K No change
SLYG SS SPDR S&P 600 SC GR ETF 0.01% 257 $24K No change
YEXT Yext Inc. 0.01% 3,000 $24K No change
SPH Suburban Propane Partners LP 0.01% 1,277 $24K Reduce -32.0%
ASML ASML Holding NV-NY Reg SHS 0.01% 22 $24K No change
IBIT iShares Bitcoin Trust ETF 0.01% 469 $23K No change
UNM Unum Group 0.01% 300 $23K Reduce -50.0%
ARCC Ares Capital Corp. 0.01% 1,110 $22K No change
EXPE Expedia Group Inc. 0.01% 79 $22K New
LAC Lithium Americas Corp. 0.01% 5,100 $22K No change
EXE Expand Energy Corp. 0.01% 200 $22K No change
BRT BRT Apartments Corp. 0.01% 1,500 $22K No change
UEC Uranium Energy Corp. 0.01% 1,870 $22K No change
PBF PBF Energy Inc. Class A 0.01% 800 $22K No change
NATR Natures Sunshine Prods Inc. 0.01% 1,000 $22K No change
PDS Precision Drilling Corp. 0.01% 300 $22K No change
TLS Telos Corporation 0.01% 4,000 $20K No change
ABNB Airbnb Inc. Class A 0.01% 150 $20K New
VGT Vanguard Info Tech ETF 0.01% 27 $20K No change
LCTX Lineage Cell Therapeutics Inc. 0.01% 12,000 $20K No change
VSTS Vestis Corp. 0.01% 3,000 $20K New
AGG iShares Core U.S. Aggregate 0.01% 200 $20K No change
AEP American Electric Power 0.01% 173 $20K No change
HQH Abrdn Healthcare Investors 0.01% 1,000 $19K No change
BBH Vaneck Biotech ETF 0.01% 100 $19K No change
CVS CVS Health Corp. 0.01% 237 $19K New
OGI Organigram Global Inc. 0.01% 11,000 $18K No change
GNK Genco Shipping & Trading Ltd. 0.01% 1,000 $18K No change
KBE SS SPDR S&P Bank ETF 0.01% 300 $18K No change
MO Altria Group Inc. 0.01% 306 $18K No change
SYK Stryker Corp. 0.01% 50 $18K No change
PAYX Paychex Inc. 0.01% 157 $18K No change
KELYA Kelly Services Inc. Class A 0.01% 2,000 $18K No change
MFIC Midcap Financial Investment 0.01% 1,500 $17K No change
IWF iShares Russell 1000 Growth 0.01% 36 $17K No change
GROW U.S. Global Investors Inc. Class A 0.01% 7,000 $17K No change
CRGY Crescent Energy Inc. Class A 0.01% 2,000 $17K New
YUMC Yum China Holdings Inc. 0.01% 350 $17K No change
LNTH Lantheus Holdings Inc. 0.01% 250 $17K No change
CWEN Clearway Energy Inc. Class C 0.01% 500 $17K New
BBDC Barings BDC Inc. 0.01% 1,779 $16K Add +81.7%
HACK Amplify Cybersecurity ETF 0.01% 200 $16K No change
NRG NRG Energy Inc. 0.01% 101 $16K No change
RCAT Red Cat Holdings Inc. 0.01% 2,000 $16K New
WES Western Midstream Partners L 0.01% 400 $16K No change
AAP Advance Auto Parts Inc. 0.01% 400 $16K No change
DVN Devon Energy Corp. 0.01% 426 $16K Add +1538.5%
KMI Kinder Morgan Inc. 0.01% 562 $15K No change
CNI Canadian Natl Railway Co. 0.01% 150 $15K No change
LBRT Liberty Energy Inc. 0.01% 800 $15K No change
OI O-I Glass Inc. 0.01% 1,000 $15K New
LB Landbridge Co. LLC-A 0.01% 300 $15K Add +50.0%
FENY Fidelity MSCI Energy Index 0.01% 593 $15K No change
TPL Texas Pacific Land Corp. 0.01% 50 $14K New
OGN Organon & Co. 0.01% 2,000 $14K New
ALB Albemarle Corp. 0.01% 100 $14K No change
DOW Dow Inc. 0.01% 600 $14K No change
CPRX Catalyst Pharmaceuticals Inc. 0.01% 600 $14K No change
LINE Lineage Inc. 0.01% 400 $14K New
ARRY Array Technologies Inc. 0.01% 1,500 $14K No change
XLG Invesco S&P 500 Top 50 ETF 0.01% 230 $14K No change
APH Amphenol Corp. Class A 0.01% 100 $14K New
FTI Technipfmc PLC 0.01% 300 $13K No change
CBT Cabot Corp. 0.01% 200 $13K New
BCAT BlackRock Capital Alloc TR 0.01% 900 $13K No change
OCSL Oaktree Specialty Lending Co. 0.01% 1,000 $13K No change
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.01% 2,000 $13K No change
PGY Pagaya Technologies Ltd. Class A 0.01% 600 $13K New
VTRS Viatris Inc. 0.01% 1,000 $12K No change
JOE The St Joe Co. 0.01% 200 $12K No change
IP International Paper Co. 0.01% 300 $12K No change
DSI iShares ESG MSCI KLD 400 ETF 0.01% 89 $11K No change
KBDC Kayne Anderson BDC Inc. 0.01% 800 $11K No change
NFE New Fortress Energy Inc. 0.01% 10,000 $11K New
IYF iShares US Financials ETF 0.01% 87 $11K No change
SOCL Global X Social Media ETF 0.01% 200 $11K No change
XLC SS Comm Select Sector SPDR 0.01% 93 $11K No change
ABR Arbor Realty Trust Inc. 0.01% 1,400 $11K No change
NBR Nabors Industries Ltd. 0.01% 200 $11K No change
EWG iShares MSCI Germany ETF 0.01% 250 $11K No change
CEG Constellation Energy 0.01% 30 $11K New
IGV iShares Expanded Tech-Softwa 0.01% 100 $11K No change
VKTX Viking Therapeutics Inc. 0.01% 300 $11K No change
RFIL RF Industries Ltd. filed as RF INDS LTD 0.01% 1,820 $11K No change
GLSI Greenwich Lifesciences Inc. 0.01% 500 $11K No change
RXST Rxsight Inc. 0.01% 1,000 $10K No change
CAG Conagra Brands Inc. 0.01% 600 $10K No change
PSEC Prospect Capital Corp. 0.01% 4,000 $10K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 200 $10K New
CNQ Canadian Natural Resources 0.01% 300 $10K No change
VAL Valaris Ltd. 0.01% 200 $10K New
PR Permian Resources Corp. Class A 0.01% 700 $10K New
CMI Cummins Inc. 0.01% 19 $10K No change
USAR USA Rare Earth Inc. 0.00% 800 $10K New
BZFD Buzzfeed Inc. 0.00% 10,000 $9K New
CATO Cato Corp. Class A 0.00% 3,000 $9K No change
SHIP Seanergy Maritime Holdings 0.00% 1,000 $9K No change
TROX Tronox Holdings PLC 0.00% 2,200 $9K No change
PUBM Pubmatic Inc. Class A 0.00% 1,000 $9K Reduce -50.0%
LUV Southwest Airlines Co. 0.00% 207 $9K Add +107.0%
OPRA Opera Ltd.-ADR 0.00% 600 $8K No change
NKTR Nektar Therapeutics 0.00% 200 $8K New
COO The Cooper Cos Inc. 0.00% 100 $8K New
VOE Vngrd Mrngstr MD-Cap Val ETF 0.00% 46 $8K No change
FTEK Fuel Tech Inc. 0.00% 5,000 $8K No change
LUMN Lumen Technologies Inc. 0.00% 1,000 $8K New
VTS Vitesse Energy Inc. 0.00% 400 $8K New
OWL Blue Owl Capital Inc. 0.00% 500 $7K No change
IXJ iShares Global Healthcare Et 0.00% 76 $7K No change
MTH Meritage Homes Corp. 0.00% 112 $7K No change
TSM Taiwan Semiconductor-SP ADR 0.00% 24 $7K No change
AES AES Corp. 0.00% 500 $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
IYE iShares U.S. Energy ETF 0.00% 142 $7K Add +0.7%
IEMG iShares Core MSCI Emerging 0.00% 100 $7K New
KMB Kimberly-Clark Corp. 0.00% 65 $7K No change
INCR Intercure Ltd. 0.00% 7,000 $6K No change
SWK Stanley Black & Decker Inc. 0.00% 83 $6K No change
RIO Rio Tinto PLC-Spon ADR 0.00% 77 $6K No change
BHP BHP Group Ltd.-Spon ADR 0.00% 101 $6K No change
MAIN Main Street Capital Corp. 0.00% 100 $6K No change
SGMOQ Sangamo Therapeutics Inc. 0.00% 14,000 $6K No change
IXC iShares Global Energy ETF 0.00% 132 $6K No change
LVS Las Vegas Sands Corp. 0.00% 83 $5K No change
VDC Vanguard Consumer Staple ETF 0.00% 25 $5K No change
PNQI Invesco Nasdaq Internet ETF 0.00% 95 $5K No change
VCR Vanguard Consumer Discre ETF 0.00% 13 $5K No change
FANG Diamondback Energy Inc. 0.00% 27 $4K No change
ENPH Enphase Energy Inc. 0.00% 100 $3K No change
EUFN iShares MSCI Europe Financia 0.00% 84 $3K No change
LSTA Lisata Therapeutics Inc. 0.00% 1,667 $3K Reduce -16.6%
RKLB Rocket Lab Corp. 0.00% 40 $3K New
FTEC Fidelity MSCI Info Tech Indx 0.00% 12 $3K No change
XES SS SPDR S&P Og Eqp & Serv 0.00% 33 $3K No change
IDOG Alps International Sector Di 0.00% 69 $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% 31 $3K Add +3.3%
VAW Vanguard Materials ETF 0.00% 12 $2K No change
LEU Centrus Energy Corp. Class A 0.00% 10 $2K No change
MDT Medtronic PLC 0.00% 25 $2K No change
JNK SS SPDR BB High Yield Bond 0.00% 24 $2K No change
EWU iShares MSCI United Kingdom 0.00% 48 $2K No change
EWT iShares MSCI Taiwan ETF 0.00% 33 $2K No change
EEMA iShares MSCI Emerg MRKT Asia 0.00% 22 $2K No change
FRT Federal Realty Invs Trust 0.00% 20 $2K No change
EWI iShares MSCI Italy ETF 0.00% 37 $2K No change
EWC iShares MSCI Canada ETF 0.00% 37 $2K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.00% 22 $2K Add +4.8%
BGSF BGSF Inc. 0.00% 375 $2K No change
GCOW Pacer Global Cash Cows Divid 0.00% 42 $2K No change
RELY Remitly Global Inc. 0.00% 125 $2K No change
EWP iShares MSCI Spain ETF 0.00% 28 $2K 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
CTRA Coterra Energy Inc. 0.00% 40 $1K Add +2.6%
IBB iShares Biotechnology ETF 0.00% 6 $1K No change
CAPL Crossamerica Partners LP 0.00% 48 $998 Add +2.1%
EWA iShares MSCI Australia ETF 0.00% 35 $917 No change
ITOT iShares Core S&P Total U.S. 0.00% 5 $797 No change
JAZZ Jazz Pharmaceuticals PLC 0.00% 4 $680 No change
XPRO Expro Group Holdings NV 0.00% 50 $668 No change
PSFE Paysafe Ltd. 0.00% 80 $647 No change
RWL Invesco S&P 500 Revenue ETF 0.00% 5 $610 No change
WMB Williams Cos Inc. 0.00% 9 $563 No change
BUL Pacer US Cash Cows Growth 0.00% 10 $552 No change
FNCL Fidelity MSCI Financial Indx 0.00% 7 $528 No change
VGAS Verde Clean Fuels Inc. 0.00% 250 $515 No change
PSCC Invesco S&P Smallcap Consume 0.00% 16 $491 No change
FOA Finance of America Cos Inc. Class A 0.00% 20 $484 No change
FHLC Fidelity MSCI Health Care 0.00% 5 $406 No change
WFRD Weatherford International PL 0.00% 5 $391 No change
GLP Global Partners LP 0.00% 9 $359 Add +12.5%
FLY Firefly Aerospace Inc. 0.00% 15 $336 New
CTRE Caretrust REIT Inc. 0.00% 8 $305 No change
MPTI M-Tron Industries Inc. 0.00% 5 $266 No change
SPYV SS SPDR P S&P 500 Value ETF 0.00% 4 $243 No change
FXG First Trust Consumer Staples 0.00% 3 $204 No change
SHV iShares 0-1 Year Treasury Bo 0.00% 1 $110 New
DFIN Donnelley Financial Solution 0.00% 2 $93 No change
RMR RMR Group Inc./the - A 0.00% 2 $30 No change
AAL American Airlines Group Inc. 0.00% 1 $15 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 75$1KNo change

Total filed on the 13F, all lines: $192.6M.

Portfolio Sells Q3 2025 → Q4 2025
APD Air Products & Chemicals Inc. Reduce -38.5% 1.52% −1.27
EXCHANGE TRADED CONCEPTS TRU Sold out 0.00% −1.17
MSFT Microsoft Corp. Reduce -0.8% 6.90% −0.70
CQP Cheniere Energy Partners LP Reduce -26.2% 0.86% −0.33
ADBE Adobe Inc. Reduce -18.9% 1.19% −0.32
LMT Lockheed Martin Corp. Reduce -0.9% 3.69% −0.23
PAGP Plains GP Holdings LP Reduce -19.6% 0.98% −0.20
NOC Northrop Grumman Corp. Reduce -0.5% 1.39% −0.13
ABBV Abbvie Inc. Reduce -0.5% 2.94% −0.11
JPM JPMorgan Chase & Co. Reduce -2.1% 5.60% −0.11
HD Home Depot Inc. Reduce -3.6% 0.24% −0.06
PFE Pfizer Inc. Reduce -17.2% 0.16% −0.04
MCD McDonald's Corp. Reduce -1.4% 1.35% −0.04
EMR Emerson Electric Co. Reduce -1.1% 1.67% −0.03
TXN Texas Instruments Inc. Reduce -0.9% 0.28% −0.03
GNW Genworth Financial Inc. Reduce -63.9% 0.01% −0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Sold out 0.00% −0.02
PG The Procter & Gamble Co. Reduce -3.6% 0.16% −0.02
MP MP Materials Corp. Reduce -30.0% 0.02% −0.02
UFCS United Fire Group Inc. Sold out 0.00% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.8% 3.74% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -0.4% 9.73% −0.02
FNDA Schwab Fndmntl US SM Co. ETF Reduce -0.4% 1.17% −0.02
ACI Albertsons Cos Inc. Class A Sold out 0.00% −0.01
ROP Roper Technologies Inc. Reduce -15.0% 0.04% −0.01
UNM Unum Group Reduce -50.0% 0.01% −0.01
REI Ring Energy Inc. Reduce -17.5% 0.02% −0.01
GIFI Gulf Island Fabrication Inc. Sold out 0.00% −0.01
SPLV Invesco S&P 500 Low Volatili Reduce -15.0% 0.05% −0.01
SCI Service Corp. International Reduce -4.7% 0.07% −0.01
MX Magnachip Semiconductor Corp. Sold out 0.00% −0.01
COP Conocophillips Reduce -13.6% 0.04% −0.01
DB Deutsche Bank AG-Registered Reduce -20.0% 0.04% −0.01
OFLX Omega Flex Inc. Sold out 0.00% −0.01
SPH Suburban Propane Partners LP Reduce -32.0% 0.01% −0.01
IWN iShares Russell 2000 Value E Sold out 0.00% −0.01
T AT&T Inc. Reduce -13.0% 0.02% −0.01
AQN Algonquin Power & Utilities Sold out 0.00% −0.01
NKTX Nkarta Inc. Sold out 0.00% −0.01
AGX Argan Inc. Reduce -33.3% 0.02% −0.01
DCH Dauch Corporation Sold out 0.00% −0.01
PUBM Pubmatic Inc. Class A Reduce -50.0% 0.00% −0.00
FOUR SHIFT4 Payments Inc. Class A Sold out 0.00% −0.00
TDW Tidewater Inc. Reduce -14.3% 0.02% −0.00
SRL Scully Royalty Ltd. Sold out 0.00% −0.00
AVGO Broadcom Inc. Reduce -4.6% 0.19% −0.00
CTRM Castor Maritime Inc. Sold out 0.00% −0.00
PTEN Patterson-Uti Energy Inc. Sold out 0.00% −0.00
NNDM Nano Dimension Ltd. - ADR Sold out 0.00% −0.00
LSTA Lisata Therapeutics Inc. Reduce -16.6% 0.00% −0.00

Portfolio Buys Q3 2025 → Q4 2025
BITQ Bitwise Crypto Indu Inno ETF New 0.95% +0.95
BITW Bitwise 10 Crypto Index ETF New 0.49% +0.49
AMAT Applied Materials Inc. Add +1.0% 2.26% +0.44
EPD Enterprise Products Partners Add +214.7% 0.53% +0.36
SLB SLB Ltd. Add +0.2% 0.78% +0.07
AMZN Amazon.com Inc. Add +5.3% 0.44% +0.03
CRM Salesforce Inc. New 0.03% +0.03
UNH Unitedhealth Group Inc. Add +49.6% 0.10% +0.03
TJX TJX Companies Inc. New 0.02% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +14.8% 0.21% +0.02
DIA SS SPDR Dow Jones Indus Avg Add +3.7% 0.42% +0.02
META Meta Platforms Inc. Class A Add +69.3% 0.06% +0.02
SPYG SS SPDR P S&P 500 Growth ETF Add +0.3% 4.86% +0.02
GM General Motors Co. New 0.02% +0.02
UHS Universal Health Services-B New 0.01% +0.01
CCJ Cameco Corp. New 0.01% +0.01
TORO Toro Corp. Add +28.6% 0.02% +0.01
IBM Intl Business Machines Corp. Add +4.3% 0.18% +0.01
EXPE Expedia Group Inc. New 0.01% +0.01
ABNB Airbnb Inc. Class A New 0.01% +0.01
VSTS Vestis Corp. New 0.01% +0.01
CVS CVS Health Corp. New 0.01% +0.01
CRGY Crescent Energy Inc. Class A New 0.01% +0.01
CWEN Clearway Energy Inc. Class C New 0.01% +0.01
INTC Intel Corp. Add +64.0% 0.02% +0.01
RCAT Red Cat Holdings Inc. New 0.01% +0.01
INSW International Seaways Inc. Add +37.5% 0.03% +0.01
OI O-I Glass Inc. New 0.01% +0.01
DVN Devon Energy Corp. Add +1538.5% 0.01% +0.01
TPL Texas Pacific Land Corp. New 0.01% +0.01
OGN Organon & Co. New 0.01% +0.01
LINE Lineage Inc. New 0.01% +0.01
APH Amphenol Corp. Class A New 0.01% +0.01
CBT Cabot Corp. New 0.01% +0.01
PGY Pagaya Technologies Ltd. Class A New 0.01% +0.01
BITB Bitwise Bitcoin ETF Add +105.9% 0.02% +0.01
GMAB Genmab A/S -SP ADR Add +40.0% 0.02% +0.01
NFE New Fortress Energy Inc. New 0.01% +0.01
CEG Constellation Energy New 0.01% +0.01
NVO Novo-Nordisk A/S-Spons ADR New 0.01% +0.01
VAL Valaris Ltd. New 0.01% +0.01
BA The Boeing Co. Add +2.6% 0.45% +0.01
PR Permian Resources Corp. Class A New 0.01% +0.01
SLV iShares Silver Trust Add +3.7% 0.01% +0.01
USAR USA Rare Earth Inc. New 0.00% +0.00
BZFD Buzzfeed Inc. New 0.00% +0.00
NKTR Nektar Therapeutics New 0.00% +0.00
COO The Cooper Cos Inc. New 0.00% +0.00
LUMN Lumen Technologies Inc. New 0.00% +0.00
VTS Vitesse Energy Inc. New 0.00% +0.00

Notes & Other Activity Q3 2025 → Q4 2025
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 Sold out 5 $9before exit

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