Freestate Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Freestate Advisors LLC reported 46 stock positions worth $112.0 million. Its top holding was SS SPDR P S&P 500 Value ETF (SPYV) at 15.3% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 12.8%) and Vanguard S&P 500 ETF (VOO, 12.5%). Compared with Q1 2025, it opened 9 new positions, sold out of 1, added to 26 and reduced 6. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +98%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001660328
- Portfolio Value
- $112.0M (Q2 2025)
- SEC Filing
- 0001660328-25-000004 ↗ filed Jul 16, 2025
Holdings Value
Holdings 46 stocks · $112.0M
| SPYV SS SPDR P S&P 500 Value ETF | 15.28% | 327,023 | $17.1M | Reduce -1.6% |
| SCHF Schwab Intl Equity ETF | 12.78% | 647,452 | $14.3M | Add +1.5% |
| VOO Vanguard S&P 500 ETF | 12.52% | 24,681 | $14.0M | Add +21.1% |
| AGG iShares Core U.S. Aggregate | 11.03% | 124,572 | $12.4M | Add +97.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 9.29% | 241,057 | $10.4M | Reduce -1.7% |
| IGIB iShares 5-10Y Inv Grade Corp. | 8.21% | 172,571 | $9.2M | Reduce -8.2% |
| AVUV Avantis US Small Cap Value | 4.91% | 60,375 | $5.5M | Add +7.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 4.15% | 50,689 | $4.6M | Add +14.8% |
| SPIB SS SPDR P Int C Corp. ETF | 2.08% | 69,206 | $2.3M | Add +8.9% |
| SCHD Schwab US DVD Equity ETF | 2.06% | 87,219 | $2.3M | Add +6.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.01% | 3,643 | $2.3M | Reduce -75.7% |
| SHY iShares 1-3 Year Treasury Bo | 1.47% | 19,923 | $1.7M | Reduce -5.0% |
| LVHI Franklin International Low V | 1.27% | 43,747 | $1.4M | Add +17.1% |
| SCHG Schwab US Large-Cap Growth | 1.24% | 47,647 | $1.4M | New |
| DGRO iShares Core Dividend Growth | 0.96% | 16,749 | $1.1M | Add +1.5% |
| QGRO American Century US Quality | 0.93% | 9,591 | $1.0M | Add +1.3% |
| AAPL Apple Inc. | 0.74% | 4,057 | $832K | Add +0.1% |
| CGSD Cap Group Short Duration | 0.67% | 28,854 | $748K | Add +197.7% |
| SGOV iShares 0-3 Month Treasury B | 0.63% | 6,974 | $702K | Add +2.9% |
| TMUS T-Mobile US Inc. | 0.59% | 2,775 | $661K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.56% | 2,121 | $625K | No change |
| MMM 3M Co. | 0.56% | 4,104 | $625K | No change |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.51% | 14,321 | $566K | New |
| T AT&T Inc. | 0.43% | 16,601 | $480K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.40% | 9,073 | $449K | Add +36.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.40% | 1,007 | $444K | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.38% | 1,460 | $423K | Add +0.1% |
| VZ Verizon Communications Inc. | 0.35% | 9,133 | $395K | Add +0.0% |
| IQLT iShares MSCI International Q | 0.33% | 8,653 | $374K | Add +1.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.32% | 7,051 | $358K | New |
| CGCB Cap Group Core Bond | 0.30% | 12,913 | $340K | New |
| JBBB Janus Henderson B-BBB Clo Et | 0.26% | 6,117 | $295K | Reduce -6.4% |
| DE Deere & Co. | 0.26% | 574 | $292K | Add +0.3% |
| FDHY Fidelity Enh Hi YLD ETF | 0.25% | 5,764 | $282K | Add +0.9% |
| AMZN Amazon.com Inc. | 0.25% | 1,270 | $279K | No change |
| CGMS Cap Group US Multi-Sect Bond | 0.25% | 10,068 | $278K | New |
| VTIP Vanguard Short-Term Tips | 0.24% | 5,317 | $267K | Add +0.1% |
| RFI Cohen & Steers Tot Ret RLTY | 0.21% | 19,742 | $238K | Add +0.7% |
| EDV Vanguard Extended Dur Treas | 0.21% | 3,424 | $230K | New |
| IP International Paper Co. | 0.18% | 4,413 | $207K | No change |
| WHR Whirlpool Corp. | 0.18% | 1,993 | $202K | New |
| FSCO FS Credit Opportunities Corp. | 0.08% | 12,554 | $91K | Add +4.1% |
| ECC Eagle Point Credit Co. | 0.07% | 10,499 | $80K | New |
| CCIF Carlyle Credit Income Fund | 0.06% | 10,886 | $71K | Add +5.1% |
| XAI OCTAGN FLT RAT & ALT INM | 0.06% | 12,283 | $69K | Add +4.0% |
| OXFORD LANE CAP CORP | 0.06% | 16,264 | $68K | Add +6.5% |
Portfolio Sells Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -75.7% | 2.01% | −6.30 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -8.2% | 8.21% | −1.58 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -1.6% | 15.28% | −1.55 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -1.7% | 9.29% | −1.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -5.0% | 1.47% | −0.25 |
| DOW Dow Inc. | Sold out | 0.00% | −0.22 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -6.4% | 0.26% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| AGG iShares Core U.S. Aggregate | Add +97.7% | 11.03% | +4.85 |
| VOO Vanguard S&P 500 ETF | Add +21.1% | 12.52% | +2.12 |
| SCHG Schwab US Large-Cap Growth | New | 1.24% | +1.24 |
| TMUS T-Mobile US Inc. | New | 0.59% | +0.59 |
| CGDV Cap Group Dividend Value | New | 0.51% | +0.51 |
| CGSD Cap Group Short Duration | Add +197.7% | 0.67% | +0.42 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.32% | +0.32 |
| CGCB Cap Group Core Bond | New | 0.30% | +0.30 |
| SCHF Schwab Intl Equity ETF | Add +1.5% | 12.78% | +0.26 |
| CGMS Cap Group US Multi-Sect Bond | New | 0.25% | +0.25 |
| EDV Vanguard Extended Dur Treas | New | 0.21% | +0.21 |
| WHR Whirlpool Corp. | New | 0.18% | +0.18 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +14.8% | 4.15% | +0.13 |
| VWO Vanguard Ftse Emerging Marke | Add +36.4% | 0.40% | +0.10 |
| ECC Eagle Point Credit Co. | New | 0.07% | +0.07 |
| LVHI Franklin International Low V | Add +17.1% | 1.27% | +0.07 |
| AVUV Avantis US Small Cap Value | Add +7.8% | 4.91% | +0.07 |
| QGRO American Century US Quality | Add +1.3% | 0.93% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 0.38% | +0.02 |
| IQLT iShares MSCI International Q | Add +1.3% | 0.33% | −0.00 |
| FSCO FS Credit Opportunities Corp. | Add +4.1% | 0.08% | −0.00 |
| DE Deere & Co. | Add +0.3% | 0.26% | −0.01 |
| CCIF Carlyle Credit Income Fund | Add +5.1% | 0.06% | −0.01 |
| XAI OCTAGN FLT RAT & ALT INM | Add +4.0% | 0.06% | −0.01 |
| OXFORD LANE CAP CORP | Add +6.5% | 0.06% | −0.01 |
| FDHY Fidelity Enh Hi YLD ETF | Add +0.9% | 0.25% | −0.02 |
| SPIB SS SPDR P Int C Corp. ETF | Add +8.9% | 2.08% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.3% | 0.40% | −0.02 |
| RFI Cohen & Steers Tot Ret RLTY | Add +0.7% | 0.21% | −0.02 |
| VTIP Vanguard Short-Term Tips | Add +0.1% | 0.24% | −0.02 |
| SGOV iShares 0-3 Month Treasury B | Add +2.9% | 0.63% | −0.05 |
| DGRO iShares Core Dividend Growth | Add +1.5% | 0.96% | −0.06 |
| VZ Verizon Communications Inc. | Add +0.0% | 0.35% | −0.06 |
| AAPL Apple Inc. | Add +0.1% | 0.74% | −0.15 |
| SCHD Schwab US DVD Equity ETF | Add +6.0% | 2.06% | −0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 42 | $133.9M | SPYV, VOO, SCHF, AGG, SHYG |
| Q1 2026 | 42 | $125.1M | SPYV, VOO, SCHF, AGG, SHYG |
| Q4 2025 | 41 | $123.1M | SPYV, VOO, SCHF, AGG, SHYG |
| Q3 2025 | 42 | $119.2M | SPYV, VOO, SCHF, AGG, SHYG |
| Q2 2025 | 46 | $112.0M | SPYV, SCHF, VOO, AGG, SHYG |
| Q1 2025 | 38 | $100.8M | SPYV, SCHF, VOO, SHYG, IGIB |
| Q4 2024 | 37 | $96.7M | SPYV, IGIB, SCHF, SPY, AGG |
| Q3 2024 | 36 | $96.1M | SPYV, IGIB, SCHF, SPY, AGG |