Freestate Advisors LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 9, 2026), Freestate Advisors LLC reported 42 stock positions worth $125.1 million. Its top holding was SS SPDR P S&P 500 Value ETF (SPYV) at 15.2% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 12.1%) and Schwab Intl Equity ETF (SCHF, 11.9%). Compared with Q4 2025, it opened 3 new positions, sold out of 2, added to 26 and reduced 9. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +116%) and the biggest sale SS SPDR P S&P 500 Value ETF (SPYV, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001660328
- Portfolio Value
- $125.1M (Q1 2026)
- SEC Filing
- 0001660328-26-000003 ↗ filed Apr 9, 2026
Holdings Value
Holdings 42 stocks · $125.1M
| SPYV SS SPDR P S&P 500 Value ETF | 15.16% | 335,122 | $19.0M | Reduce -1.9% |
| VOO Vanguard S&P 500 ETF | 12.12% | 25,367 | $15.2M | Add +5.1% |
| SCHF Schwab Intl Equity ETF | 11.86% | 599,360 | $14.8M | Reduce -1.7% |
| AGG iShares Core U.S. Aggregate | 10.73% | 135,192 | $13.4M | Add +1.6% |
| SHYG iShares 0-5 YR HY Corp. Bond | 8.84% | 261,437 | $11.1M | Add +0.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 7.64% | 179,487 | $9.6M | Add +0.5% |
| AVUV Avantis US Small Cap Value | 5.57% | 63,018 | $7.0M | Reduce -0.6% |
| SPIB SS SPDR P Int C Corp. ETF | 3.97% | 148,143 | $5.0M | Add +11.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.09% | 42,205 | $3.9M | Reduce -11.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.56% | 4,925 | $3.2M | Reduce -8.2% |
| SCHD Schwab US DVD Equity ETF | 2.51% | 102,255 | $3.1M | Add +6.0% |
| LVHI Franklin International Low V | 1.84% | 56,729 | $2.3M | Add +0.5% |
| CGSD Cap Group Short Duration | 1.54% | 74,558 | $1.9M | Add +24.6% |
| SHY iShares 1-3 Year Treasury Bo | 1.18% | 17,926 | $1.5M | Reduce -3.0% |
| JAAA Janus Henderson Aaa Clo ETF | 1.13% | 28,130 | $1.4M | Add +115.8% |
| DGRO iShares Core Dividend Growth | 0.96% | 17,120 | $1.2M | Add +2.2% |
| AAPL Apple Inc. | 0.89% | 4,396 | $1.1M | Add +0.1% |
| QGRO American Century US Quality | 0.81% | 9,605 | $1.0M | Add +0.1% |
| SGOV iShares 0-3 Month Treasury B | 0.77% | 9,606 | $967K | Add +31.5% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.74% | 21,735 | $925K | Add +4.7% |
| MMM 3M Co. | 0.48% | 4,104 | $596K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.45% | 10,366 | $560K | Add +7.9% |
| CGCB Cap Group Core Bond | 0.43% | 20,373 | $535K | Add +0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.41% | 2,121 | $514K | No change |
| T AT&T Inc. | 0.38% | 16,603 | $481K | Reduce -1.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.38% | 1,019 | $472K | Add +0.4% |
| CGMS Cap Group US Multi-Sect Bond | 0.37% | 16,981 | $462K | Add +8.0% |
| VZ Verizon Communications Inc. | 0.37% | 9,210 | $462K | Add +0.0% |
| TMUS T-Mobile US Inc. | 0.35% | 2,083 | $438K | Reduce -21.3% |
| JPM JPMorgan Chase & Co. | 0.34% | 1,460 | $429K | Reduce -2.3% |
| IQLT iShares MSCI International Q | 0.33% | 8,834 | $408K | Add +0.3% |
| DE Deere & Co. | 0.26% | 579 | $326K | Add +0.3% |
| FDHY Fidelity Enh Hi YLD ETF | 0.23% | 6,013 | $292K | Add +2.2% |
| DOW Dow Inc. filed as DOW HLDGS INC | 0.21% | 6,353 | $265K | New |
| AVIV Avantis Intl LRG Cap Val ETF | 0.20% | 3,406 | $255K | New |
| EDV Vanguard Extended Dur Treas | 0.20% | 3,758 | $244K | No change |
| AMZN Amazon.com Inc. | 0.19% | 1,161 | $242K | No change |
| VGSH Vanguard Short-Term Treasury | 0.19% | 3,975 | $233K | New |
| RFI Cohen & Steers Tot Ret RLTY | 0.18% | 20,163 | $225K | Add +2.1% |
| FSCO FS Credit Opportunities Corp. | 0.06% | 13,663 | $70K | Add +3.6% |
| ECC Eagle Point Credit Co. | 0.04% | 13,082 | $49K | Add +9.6% |
| CCIF Carlyle Credit Income Fund | 0.03% | 13,145 | $42K | Add +7.4% |
Portfolio Sells Q4 2025 → Q1 2026
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -1.9% | 15.16% | −0.60 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -11.2% | 3.09% | −0.44 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.2% | 2.56% | −0.41 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.16 |
| TMUS T-Mobile US Inc. | Reduce -21.3% | 0.35% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -3.0% | 1.18% | −0.06 |
| SCHF Schwab Intl Equity ETF | Reduce -1.7% | 11.86% | −0.05 |
| XAI OCTAGN FLT RAT & ALT INM | Sold out | 0.00% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -2.3% | 0.34% | −0.05 |
| T AT&T Inc. | Reduce -1.2% | 0.38% | +0.05 |
| AVUV Avantis US Small Cap Value | Reduce -0.6% | 5.57% | +0.31 |
Portfolio Buys Q4 2025 → Q1 2026
| JAAA Janus Henderson Aaa Clo ETF | Add +115.8% | 1.13% | +0.60 |
| SCHD Schwab US DVD Equity ETF | Add +6.0% | 2.51% | +0.36 |
| SPIB SS SPDR P Int C Corp. ETF | Add +11.6% | 3.97% | +0.33 |
| CGSD Cap Group Short Duration | Add +24.6% | 1.54% | +0.27 |
| DOW Dow Inc. | New | 0.21% | +0.21 |
| AVIV Avantis Intl LRG Cap Val ETF | New | 0.20% | +0.20 |
| VGSH Vanguard Short-Term Treasury | New | 0.19% | +0.19 |
| SGOV iShares 0-3 Month Treasury B | Add +31.5% | 0.77% | +0.18 |
| LVHI Franklin International Low V | Add +0.5% | 1.84% | +0.15 |
| VZ Verizon Communications Inc. | Add +0.0% | 0.37% | +0.06 |
| DE Deere & Co. | Add +0.3% | 0.26% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +7.9% | 0.45% | +0.03 |
| CGMS Cap Group US Multi-Sect Bond | Add +8.0% | 0.37% | +0.02 |
| DGRO iShares Core Dividend Growth | Add +2.2% | 0.96% | +0.02 |
| CGDV Cap Group Dividend Value | Add +4.7% | 0.74% | +0.00 |
| RFI Cohen & Steers Tot Ret RLTY | Add +2.1% | 0.18% | +0.00 |
| IQLT iShares MSCI International Q | Add +0.3% | 0.33% | +0.00 |
| FDHY Fidelity Enh Hi YLD ETF | Add +2.2% | 0.23% | −0.00 |
| CGCB Cap Group Core Bond | Add +0.5% | 0.43% | −0.01 |
| FSCO FS Credit Opportunities Corp. | Add +3.6% | 0.06% | −0.01 |
| CCIF Carlyle Credit Income Fund | Add +7.4% | 0.03% | −0.01 |
| ECC Eagle Point Credit Co. | Add +9.6% | 0.04% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.4% | 0.38% | −0.02 |
| AGG iShares Core U.S. Aggregate | Add +1.6% | 10.73% | −0.07 |
| AAPL Apple Inc. | Add +0.1% | 0.89% | −0.08 |
| QGRO American Century US Quality | Add +0.1% | 0.81% | −0.09 |
| VOO Vanguard S&P 500 ETF | Add +5.1% | 12.12% | −0.18 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +0.5% | 7.64% | −0.18 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +0.2% | 8.84% | −0.25 |
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 |