Freestate Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Freestate Advisors LLC reported 41 stock positions worth $123.1 million. Its top holding was SS SPDR P S&P 500 Value ETF (SPYV) at 15.8% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 12.3%) and Schwab Intl Equity ETF (SCHF, 11.9%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 27 and reduced 9. The biggest buy was SS SPDR P Int C Corp. ETF (SPIB, shares +76%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001660328
- Portfolio Value
- $123.1M (Q4 2025)
- SEC Filing
- 0001660328-26-000001 ↗ filed Jan 12, 2026
Holdings Value
Holdings 41 stocks · $123.1M
| SPYV SS SPDR P S&P 500 Value ETF | 15.77% | 341,503 | $19.4M | Reduce -0.4% |
| VOO Vanguard S&P 500 ETF | 12.30% | 24,138 | $15.1M | Reduce -8.0% |
| SCHF Schwab Intl Equity ETF | 11.92% | 609,909 | $14.7M | Reduce -0.7% |
| AGG iShares Core U.S. Aggregate | 10.80% | 133,047 | $13.3M | Add +4.6% |
| SHYG iShares 0-5 YR HY Corp. Bond | 9.09% | 260,969 | $11.2M | Add +4.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 7.82% | 178,594 | $9.6M | Add +1.6% |
| AVUV Avantis US Small Cap Value | 5.25% | 63,369 | $6.5M | Add +0.7% |
| SPIB SS SPDR P Int C Corp. ETF | 3.65% | 132,692 | $4.5M | Add +75.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.53% | 47,541 | $4.3M | Reduce -4.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.97% | 5,362 | $3.7M | Add +0.5% |
| SCHD Schwab US DVD Equity ETF | 2.15% | 96,458 | $2.6M | Add +9.7% |
| LVHI Franklin International Low V | 1.69% | 56,458 | $2.1M | Add +22.8% |
| CGSD Cap Group Short Duration | 1.26% | 59,829 | $1.6M | Add +15.2% |
| SHY iShares 1-3 Year Treasury Bo | 1.24% | 18,483 | $1.5M | Reduce -2.0% |
| AAPL Apple Inc. | 0.97% | 4,393 | $1.2M | Add +3.8% |
| DGRO iShares Core Dividend Growth | 0.94% | 16,747 | $1.2M | Reduce -0.3% |
| QGRO American Century US Quality | 0.89% | 9,600 | $1.1M | Add +0.1% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.74% | 20,758 | $906K | Add +12.4% |
| SGOV iShares 0-3 Month Treasury B | 0.60% | 7,304 | $733K | Reduce -10.8% |
| JAAA Janus Henderson Aaa Clo ETF | 0.54% | 13,032 | $659K | Add +24.8% |
| MMM 3M Co. | 0.53% | 4,104 | $657K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.51% | 2,121 | $628K | No change |
| CGCB Cap Group Core Bond | 0.44% | 20,282 | $538K | Add +31.0% |
| TMUS T-Mobile US Inc. | 0.44% | 2,647 | $537K | Add +0.0% |
| VWO Vanguard Ftse Emerging Marke | 0.42% | 9,604 | $516K | Reduce -4.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.40% | 1,015 | $488K | Add +0.4% |
| JPM JPMorgan Chase & Co. | 0.39% | 1,494 | $482K | Reduce -2.1% |
| CGMS Cap Group US Multi-Sect Bond | 0.35% | 15,731 | $434K | Add +31.0% |
| T AT&T Inc. | 0.34% | 16,800 | $417K | Add +1.2% |
| IQLT iShares MSCI International Q | 0.33% | 8,803 | $400K | Add +1.3% |
| VZ Verizon Communications Inc. | 0.30% | 9,208 | $375K | Add +0.8% |
| FDHY Fidelity Enh Hi YLD ETF | 0.24% | 5,884 | $290K | Add +1.0% |
| DE Deere & Co. | 0.22% | 577 | $269K | Add +0.3% |
| AMZN Amazon.com Inc. | 0.22% | 1,161 | $268K | No change |
| EDV Vanguard Extended Dur Treas | 0.20% | 3,758 | $244K | Add +0.4% |
| RFI Cohen & Steers Tot Ret RLTY | 0.18% | 19,742 | $218K | No change |
| NVDA Nvidia Corp. | 0.16% | 1,082 | $202K | New |
| FSCO FS Credit Opportunities Corp. | 0.07% | 13,188 | $83K | Add +2.1% |
| ECC Eagle Point Credit Co. | 0.06% | 11,932 | $69K | Add +7.1% |
| XAI OCTAGN FLT RAT & ALT INM | 0.05% | 13,498 | $65K | Add +5.9% |
| CCIF Carlyle Credit Income Fund | 0.05% | 12,236 | $57K | Add +6.4% |
Portfolio Sells Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | Reduce -8.0% | 12.30% | −1.18 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -4.2% | 3.53% | −0.29 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.28 |
| IP International Paper Co. | Sold out | 0.00% | −0.17 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -0.4% | 15.77% | −0.14 |
| SGOV iShares 0-3 Month Treasury B | Reduce -10.8% | 0.60% | −0.10 |
| SCHF Schwab Intl Equity ETF | Reduce -0.7% | 11.92% | −0.08 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.0% | 1.24% | −0.07 |
| VWO Vanguard Ftse Emerging Marke | Reduce -4.4% | 0.42% | −0.04 |
| DGRO iShares Core Dividend Growth | Reduce -0.3% | 0.94% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -2.1% | 0.39% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SPIB SS SPDR P Int C Corp. ETF | Add +75.7% | 3.65% | +1.50 |
| LVHI Franklin International Low V | Add +22.8% | 1.69% | +0.35 |
| NVDA Nvidia Corp. | New | 0.16% | +0.16 |
| SCHD Schwab US DVD Equity ETF | Add +9.7% | 2.15% | +0.14 |
| CGSD Cap Group Short Duration | Add +15.2% | 1.26% | +0.13 |
| AGG iShares Core U.S. Aggregate | Add +4.6% | 10.80% | +0.11 |
| CGCB Cap Group Core Bond | Add +31.0% | 0.44% | +0.09 |
| JAAA Janus Henderson Aaa Clo ETF | Add +24.8% | 0.54% | +0.09 |
| CGDV Cap Group Dividend Value | Add +12.4% | 0.74% | +0.08 |
| CGMS Cap Group US Multi-Sect Bond | Add +31.0% | 0.35% | +0.07 |
| AAPL Apple Inc. | Add +3.8% | 0.97% | +0.07 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.4% | 0.40% | +0.00 |
| IQLT iShares MSCI International Q | Add +1.3% | 0.33% | +0.00 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +4.2% | 9.09% | −0.00 |
| DE Deere & Co. | Add +0.3% | 0.22% | −0.00 |
| XAI OCTAGN FLT RAT & ALT INM | Add +5.9% | 0.05% | −0.00 |
| AVUV Avantis US Small Cap Value | Add +0.7% | 5.25% | −0.00 |
| FDHY Fidelity Enh Hi YLD ETF | Add +1.0% | 0.24% | −0.00 |
| ECC Eagle Point Credit Co. | Add +7.1% | 0.06% | −0.01 |
| FSCO FS Credit Opportunities Corp. | Add +2.1% | 0.07% | −0.01 |
| CCIF Carlyle Credit Income Fund | Add +6.4% | 0.05% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 2.97% | −0.01 |
| EDV Vanguard Extended Dur Treas | Add +0.4% | 0.20% | −0.02 |
| QGRO American Century US Quality | Add +0.1% | 0.89% | −0.03 |
| VZ Verizon Communications Inc. | Add +0.8% | 0.30% | −0.03 |
| T AT&T Inc. | Add +1.2% | 0.34% | −0.05 |
| TMUS T-Mobile US Inc. | Add +0.0% | 0.44% | −0.09 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +1.6% | 7.82% | −0.15 |
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 |