Freestate Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 7, 2025), Freestate Advisors LLC reported 42 stock positions worth $119.2 million. Its top holding was SS SPDR P S&P 500 Value ETF (SPYV) at 15.9% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 13.5%) and Schwab Intl Equity ETF (SCHF, 12.0%). Compared with Q2 2025, it sold out of 4, added to 32 and reduced 5. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +46%) and the biggest sale an exit from Schwab US Large-Cap Growth (SCHG).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001660328
- Portfolio Value
- $119.2M (Q3 2025)
- SEC Filing
- 0001660328-25-000008 ↗ filed Oct 7, 2025
Holdings Value
Holdings 42 stocks · $119.2M
| SPYV SS SPDR P S&P 500 Value ETF | 15.91% | 342,740 | $19.0M | Add +4.8% |
| VOO Vanguard S&P 500 ETF | 13.48% | 26,238 | $16.1M | Add +6.3% |
| SCHF Schwab Intl Equity ETF | 12.00% | 614,482 | $14.3M | Reduce -5.1% |
| AGG iShares Core U.S. Aggregate | 10.69% | 127,161 | $12.7M | Add +2.1% |
| SHYG iShares 0-5 YR HY Corp. Bond | 9.09% | 250,361 | $10.8M | Add +3.9% |
| IGIB iShares 5-10Y Inv Grade Corp. | 7.97% | 175,714 | $9.5M | Add +1.8% |
| AVUV Avantis US Small Cap Value | 5.26% | 62,961 | $6.3M | Add +4.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.82% | 49,647 | $4.6M | Reduce -2.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.98% | 5,336 | $3.6M | Add +46.5% |
| SPIB SS SPDR P Int C Corp. ETF | 2.15% | 75,528 | $2.6M | Add +9.1% |
| SCHD Schwab US DVD Equity ETF | 2.01% | 87,924 | $2.4M | Add +0.8% |
| LVHI Franklin International Low V | 1.34% | 45,984 | $1.6M | Add +5.1% |
| SHY iShares 1-3 Year Treasury Bo | 1.31% | 18,856 | $1.6M | Reduce -5.4% |
| CGSD Cap Group Short Duration | 1.13% | 51,922 | $1.3M | Add +80.0% |
| DGRO iShares Core Dividend Growth | 0.96% | 16,804 | $1.1M | Add +0.3% |
| QGRO American Century US Quality | 0.92% | 9,593 | $1.1M | Add +0.0% |
| AAPL Apple Inc. | 0.90% | 4,231 | $1.1M | Add +4.3% |
| SGOV iShares 0-3 Month Treasury B | 0.69% | 8,189 | $825K | Add +17.4% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.65% | 18,475 | $777K | Add +29.0% |
| MMM 3M Co. | 0.53% | 4,104 | $637K | No change |
| TMUS T-Mobile US Inc. | 0.53% | 2,646 | $633K | Reduce -4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.50% | 2,121 | $598K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.46% | 10,049 | $544K | Add +10.8% |
| JAAA Janus Henderson Aaa Clo ETF | 0.44% | 10,446 | $530K | Add +48.1% |
| JPM JPMorgan Chase & Co. | 0.40% | 1,526 | $481K | Add +4.5% |
| T AT&T Inc. | 0.39% | 16,601 | $469K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.39% | 1,011 | $469K | Add +0.4% |
| CGCB Cap Group Core Bond | 0.35% | 15,485 | $412K | Add +19.9% |
| VZ Verizon Communications Inc. | 0.34% | 9,135 | $401K | Add +0.0% |
| IQLT iShares MSCI International Q | 0.32% | 8,689 | $384K | Add +0.4% |
| CGMS Cap Group US Multi-Sect Bond | 0.28% | 12,009 | $333K | Add +19.3% |
| VTIP Vanguard Short-Term Tips | 0.28% | 6,504 | $329K | Add +22.3% |
| FDHY Fidelity Enh Hi YLD ETF | 0.24% | 5,824 | $287K | Add +1.0% |
| DE Deere & Co. | 0.22% | 575 | $263K | Add +0.2% |
| EDV Vanguard Extended Dur Treas | 0.21% | 3,742 | $256K | Add +9.3% |
| AMZN Amazon.com Inc. | 0.21% | 1,161 | $255K | Reduce -8.6% |
| RFI Cohen & Steers Tot Ret RLTY | 0.20% | 19,742 | $239K | No change |
| IP International Paper Co. | 0.17% | 4,413 | $205K | No change |
| FSCO FS Credit Opportunities Corp. | 0.07% | 12,913 | $89K | Add +2.9% |
| ECC Eagle Point Credit Co. | 0.06% | 11,144 | $74K | Add +6.1% |
| XAI OCTAGN FLT RAT & ALT INM | 0.06% | 12,751 | $68K | Add +3.8% |
| CCIF Carlyle Credit Income Fund | 0.06% | 11,503 | $67K | Add +5.7% |
Portfolio Sells Q2 2025 → Q3 2025
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −1.24 |
| SCHF Schwab Intl Equity ETF | Reduce -5.1% | 12.00% | −0.78 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -2.1% | 3.82% | −0.33 |
| JBBB Janus Henderson B-BBB Clo Et | Sold out | 0.00% | −0.26 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.18 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -5.4% | 1.31% | −0.16 |
| OXFORD LANE CAP CORP | Sold out | 0.00% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -4.7% | 0.53% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -8.6% | 0.21% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +46.5% | 2.98% | +0.97 |
| VOO Vanguard S&P 500 ETF | Add +6.3% | 13.48% | +0.96 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +4.8% | 15.91% | +0.62 |
| CGSD Cap Group Short Duration | Add +80.0% | 1.13% | +0.46 |
| AVUV Avantis US Small Cap Value | Add +4.3% | 5.26% | +0.34 |
| AAPL Apple Inc. | Add +4.3% | 0.90% | +0.16 |
| CGDV Cap Group Dividend Value | Add +29.0% | 0.65% | +0.15 |
| JAAA Janus Henderson Aaa Clo ETF | Add +48.1% | 0.44% | +0.13 |
| SPIB SS SPDR P Int C Corp. ETF | Add +9.1% | 2.15% | +0.07 |
| LVHI Franklin International Low V | Add +5.1% | 1.34% | +0.07 |
| SGOV iShares 0-3 Month Treasury B | Add +17.4% | 0.69% | +0.06 |
| VWO Vanguard Ftse Emerging Marke | Add +10.8% | 0.46% | +0.06 |
| CGCB Cap Group Core Bond | Add +19.9% | 0.35% | +0.04 |
| VTIP Vanguard Short-Term Tips | Add +22.3% | 0.28% | +0.04 |
| CGMS Cap Group US Multi-Sect Bond | Add +19.3% | 0.28% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +4.5% | 0.40% | +0.03 |
| EDV Vanguard Extended Dur Treas | Add +9.3% | 0.21% | +0.01 |
| DGRO iShares Core Dividend Growth | Add +0.3% | 0.96% | +0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.4% | 0.39% | −0.00 |
| XAI OCTAGN FLT RAT & ALT INM | Add +3.8% | 0.06% | −0.01 |
| FSCO FS Credit Opportunities Corp. | Add +2.9% | 0.07% | −0.01 |
| CCIF Carlyle Credit Income Fund | Add +5.7% | 0.06% | −0.01 |
| ECC Eagle Point Credit Co. | Add +6.1% | 0.06% | −0.01 |
| FDHY Fidelity Enh Hi YLD ETF | Add +1.0% | 0.24% | −0.01 |
| IQLT iShares MSCI International Q | Add +0.4% | 0.32% | −0.01 |
| QGRO American Century US Quality | Add +0.0% | 0.92% | −0.01 |
| VZ Verizon Communications Inc. | Add +0.0% | 0.34% | −0.02 |
| DE Deere & Co. | Add +0.2% | 0.22% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Add +0.8% | 2.01% | −0.05 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +3.9% | 9.09% | −0.19 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +1.8% | 7.97% | −0.24 |
| AGG iShares Core U.S. Aggregate | Add +2.1% | 10.69% | −0.34 |
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 |