Friedenthal Financial

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Friedenthal Financial reported 250 stock positions worth $194.0 million. Its top holding was iShares Core S&P Total U.S. (ITOT) at 11.4% of the portfolio, followed by First Trust Low Duration Opp (LMBS, 4.3%) and Schwab US Small-Cap ETF (SCHA, 3.6%). Compared with Q3 2025, it opened 62 new positions, sold out of 78, added to 47 and reduced 70. The biggest buy was First Trust Low Duration Opp (LMBS, shares +119%) and the biggest sale iShares MBS ETF (MBB, shares −92%).

Most Recent 13F
Q2 2026
Location
MARLTON, NJ
CIK
0001598611
Portfolio Value
$194.0M (Q4 2025)
SEC Filing
0001598611-26-000001 ↗ filed Jan 27, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $162.5M Q1 2024 Q2 2024: $160.4M Q2 2024 Q3 2024: $170.8M Q3 2024 Q4 2024: $171.1M Q4 2024 Q1 2025: $167.4M Q1 2025 Q2 2025: $182.4M Q2 2025 Q3 2025: $193.7M Q3 2025 Q4 2025: $194.0M $194.0M Q4 2025 Q1 2026: $199.1M Q1 2026 Q2 2026: $216.1M Q2 2026

Holdings 250 stocks · $194.0M
ITOT iShares Core S&P Total U.S. 11.39% 148,643 $22.1M Reduce -5.9%
LMBS First Trust Low Duration Opp 4.26% 165,186 $8.3M Add +118.8%
SCHA Schwab US Small-Cap ETF 3.59% 244,365 $7.0M Reduce -4.9%
IJH iShares Core S&P Midcap ETF 3.23% 95,000 $6.3M Reduce -3.0%
STIP iShares 0-5 Year Tips Bond E 2.90% 54,894 $5.6M Add +8.0%
HEEM iShares Crncy Hedgd MSCI Em 2.45% 136,762 $4.8M Reduce -1.3%
XLC SS Comm Select Sector SPDR 2.42% 39,922 $4.7M Reduce -2.1%
HEFA Isha Curr Hedged MSCI Eafe 2.39% 112,097 $4.6M Reduce -0.3%
SHYG iShares 0-5 YR HY Corp. Bond 2.29% 103,432 $4.4M Reduce -45.3%
RSPM Invesco S&P 500 Equal Weight 2.25% 128,356 $4.4M Add +2.2%
VNLA Janus Henderson Short Durati 2.17% 85,761 $4.2M New
EMB iShares JP Morgan Usd Emergi 2.17% 43,768 $4.2M Add +23305.3%
ICVT iShares Convertible Bond ETF 2.16% 42,557 $4.2M New
BNDX Vanguard Total Intl Bond ETF 2.10% 84,415 $4.1M Add +0.8%
RSPH Invesco S&P 500 Equal Weight 1.95% 119,056 $3.8M Reduce -3.4%
SCHZ Schwab US Aggregate Bond ETF 1.65% 137,318 $3.2M Reduce -16.7%
RSPU Invesco S&P 500 Equal Weight 1.53% 39,756 $3.0M Reduce -4.6%
VCIT Vanguard Int-Term Corporate 1.39% 32,117 $2.7M Reduce -59.7%
HYS PIMCO 0-5 Year H/Y Corp. Bond 1.38% 28,316 $2.7M Add +7.0%
EQAL Invesco Russell 1000 Equal W 1.36% 50,093 $2.6M Add +9.1%
SRLN SS Blackstone Sr Loan ETF 1.10% 51,556 $2.1M Add +9.3%
BOXX Alpha Architect 1-3 MNTH Box 1.08% 18,169 $2.1M New
BND Vanguard Total Bond Market 1.05% 27,612 $2.0M Reduce -30.4%
EFAV iShares MSCI Eafe Min Vol Fa 1.01% 22,776 $2.0M Reduce -14.9%
USMV iShares MSCI USA Min Vol Fac 1.01% 20,845 $2.0M Reduce -3.6%
EEMV iShares MSCI Emg MKT Min Vol 0.97% 29,261 $1.9M Reduce -15.3%
RSPT Invesco S&P 500 Equal Weight 0.94% 40,021 $1.8M Reduce -6.4%
RSPS Invesco S&P 500 Equal Weight 0.82% 55,026 $1.6M Add +3.7%
VCSH Vanguard S/T Corp. Bond ETF 0.82% 19,993 $1.6M Add +9.2%
IAGG iShares Intl Aggregate Bond 0.80% 31,023 $1.6M Add +3.0%
RSPN Invesco S&P 500 Equal Weight 0.79% 27,018 $1.5M Reduce -4.9%
RSPD Invesco S&P 500 Equal Weight 0.76% 25,901 $1.5M Reduce -4.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.74% 2,107 $1.4M Reduce -7.9%
USFR Wisdomtree Floating Rate Tre 0.59% 22,906 $1.2M Add +2.8%
AAPL Apple Inc. 0.57% 4,061 $1.1M Add +0.1%
HSY The Hershey Co. 0.54% 5,755 $1.0M Add +38266.7%
AMD Advanced Micro Devices 0.54% 4,852 $1.0M Add +736.5%
IONS Ionis Pharmaceuticals Inc. 0.53% 13,115 $1.0M New
KSS Kohls Corp. 0.53% 50,747 $1.0M New
BG Bunge Global SA 0.53% 11,615 $1.0M New
NBIX Neurocrine Biosciences Inc. 0.53% 7,276 $1.0M New
SRE Sempra 0.53% 11,673 $1.0M New
ADM Archer-Daniels-Midland Co. 0.53% 17,921 $1.0M New
IDXX Idexx Laboratories Inc. 0.53% 1,518 $1.0M Reduce -8.4%
NVT Nvent Electric PLC 0.53% 10,033 $1.0M New
REXR Rexford Industrial Realty Inc. 0.53% 26,381 $1.0M Add +6.7%
BEPC Brookfield Renewable Corp. 0.53% 26,637 $1.0M Reduce -16.5%
CLF Cleveland-Cliffs Inc. 0.53% 76,752 $1.0M New
WELL Welltower Inc. 0.52% 5,477 $1.0M New
PPLI People Inc. filed as IAC INC 0.52% 25,963 $1.0M New
PII Polaris Inc. 0.52% 16,045 $1.0M New
PWR Quanta Services Inc. 0.52% 2,403 $1.0M New
VMC Vulcan Materials Co. 0.52% 3,536 $1.0M New
VEA Vanguard Ftse Developed ETF 0.52% 16,034 $1.0M Reduce -0.7%
NRG NRG Energy Inc. 0.51% 6,266 $998K Add +10.2%
PSX Phillips 66 0.50% 7,589 $979K Add +4796.1%
PLTR Palantir Technologies Inc. Class A 0.50% 5,504 $978K Add +10908.0%
GOOGL Alphabet Inc. Class A 0.50% 3,124 $978K Add +3223.4%
AVGO Broadcom Inc. 0.50% 2,787 $965K Add +3519.5%
GTM Zoominfo Technologies Inc. 0.50% 94,789 $964K New
LYFT LYFT Inc. Class A 0.49% 49,483 $958K New
VLO Valero Energy Corp. 0.49% 5,860 $954K New
INCY Incyte Corp. 0.49% 9,598 $948K New
SEE Sealed Air Corp. 0.49% 22,757 $943K New
LBTYA Liberty Global Ltd. Class A 0.49% 84,609 $943K Add +886.2%
BF.B Brown-Forman Corp. Class B 0.49% 36,161 $942K New
FTI Technipfmc PLC 0.48% 21,121 $941K New
APA Apa Corp. 0.48% 38,336 $938K New
W Wayfair Inc. Class A 0.48% 9,325 $936K New
ESI Element Solutions Inc. 0.48% 37,414 $935K Reduce -0.7%
STAG Stag Industrial Inc. 0.48% 25,405 $934K New
WPC WP Carey Inc. 0.48% 14,504 $933K New
EVR Evercore Inc. Class A 0.48% 2,741 $933K New
WYNN WYNN Resorts Ltd. 0.48% 7,750 $933K New
NET Cloudflare Inc. Class A 0.48% 4,728 $932K Add +10.1%
VRT Vertiv Holdings Co. Class A 0.48% 5,740 $930K New
CEG Constellation Energy 0.48% 2,625 $927K Reduce -6.5%
PULS Pgim Ultra Short Bond ETF 0.48% 18,669 $926K Add +0.6%
SOFI Sofi Technologies Inc. 0.48% 35,354 $926K New
HOOD Robinhood Markets Inc. Class A 0.47% 8,119 $918K New
SNV Synovus Financial Corp. 0.47% 18,280 $915K New
SUSL iShares ESG MSCI USA Leaders 0.46% 7,281 $883K Reduce -7.6%
SHM SS SPDR N Ice St Muni ETF 0.44% 17,788 $854K Reduce -1.0%
SCHP Schwab U.S. Tips ETF 0.43% 31,847 $844K Reduce -7.3%
EAGG iShares ESG Aware US Aggrega 0.40% 16,111 $771K Add +0.4%
RSPF Invesco S&P 500 Equal Weight 0.31% 7,713 $605K Reduce -5.0%
RSPG Invesco S&P 500 Equal Weight 0.29% 7,069 $563K Reduce -3.5%
MLPA Global X MLP ETF 0.28% 11,272 $546K Reduce -2.8%
SCHH Schwab US REIT ETF 0.26% 24,015 $502K Reduce -4.3%
NVDA Nvidia Corp. 0.24% 2,472 $461K Add +13.8%
TFI SS SPDR N Ice Muni Bond ETF 0.24% 10,066 $460K Reduce -12.0%
MINT PIMCO Enhanced Short Maturit 0.21% 4,112 $413K Add +13.7%
MBB iShares MBS ETF 0.19% 3,881 $370K Reduce -91.8%
IWM iShares Russell 2000 ETF 0.18% 1,434 $353K Reduce -9.3%
ACWI iShares MSCI Acwi ETF 0.17% 2,339 $331K Reduce -2.6%
TLT iShares 20+ Year Treasury BD 0.17% 3,756 $327K Add +3.9%
PGX Invesco Preferred ETF 0.17% 29,051 $327K Add +4.2%
SCHO Schwab Short-Term US Treas 0.16% 12,373 $302K Reduce -18.2%
SJNK SS SPDR BB St Hi Yield ETF 0.15% 11,683 $296K Add +0.5%
ESML iShares ESG Aware MSCI USA S 0.15% 6,277 $289K Reduce -7.8%

Show all 250 holdings

Options reported separately and not counted above: SPY puts ($409K).

Portfolio Sells Q3 2025 → Q4 2025
MBB iShares MBS ETF Reduce -91.8% 0.19% −2.15
EMLC Vaneck JPM Em Local Curr BND Sold out 0.00% −2.14
VCIT Vanguard Int-Term Corporate Reduce -59.7% 1.39% −2.07
SHYG iShares 0-5 YR HY Corp. Bond Reduce -45.3% 2.29% −1.94
EL Estee Lauder Companies Class A Sold out 0.00% −0.55
JBL Jabil Inc. Sold out 0.00% −0.55
RMD Resmed Inc. Sold out 0.00% −0.55
DHI D.R. Horton Inc. Sold out 0.00% −0.54
OSK Oshkosh Corp. Sold out 0.00% −0.54
CELH Celsius Holdings Inc. Sold out 0.00% −0.54
FCX Freeport-McMoran Inc. Sold out 0.00% −0.53
RPRX Royalty Pharma PLC Class A Sold out 0.00% −0.53
CBRE CBRE Group Inc. Class A Sold out 0.00% −0.53
GEV GE Vernova Inc. Reduce -84.8% 0.10% −0.52
ATI Ati Inc. Sold out 0.00% −0.51
ALAB Astera Labs Inc. Sold out 0.00% −0.51
RBLX Roblox Corp. Class A Sold out 0.00% −0.51
ALK Alaska Air Group Inc. Sold out 0.00% −0.51
EPR Epr Properties Sold out 0.00% −0.50
KMI Kinder Morgan Inc. Sold out 0.00% −0.50
ELF Elf Beauty Inc. Sold out 0.00% −0.50
ANET Arista Networks Inc. Sold out 0.00% −0.50
APG Api Group Corp. Sold out 0.00% −0.49
CVNA Carvana Co. Reduce -98.6% 0.01% −0.49
RKT Rocket Cos Inc. Class A Sold out 0.00% −0.49
ITOT iShares Core S&P Total U.S. Reduce -5.9% 11.39% −0.49
DG Dollar General Corp. Sold out 0.00% −0.49
AFRM Affirm Holdings Inc. Sold out 0.00% −0.49
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.48
CG The Carlyle Group Inc. Sold out 0.00% −0.48
MTCH Match Group Inc. Sold out 0.00% −0.48
CVX Chevron Corp. Sold out 0.00% −0.48
TXG 10X Genomics Inc. Class A Sold out 0.00% −0.48
Z Zillow Group Inc. Class C Sold out 0.00% −0.48
CTVA Corteva Inc. Sold out 0.00% −0.47
XOM Exxon Mobil Corp. Sold out 0.00% −0.47
BX Blackstone Inc. Sold out 0.00% −0.47
VST Vistra Corp. Sold out 0.00% −0.47
BND Vanguard Total Bond Market Reduce -30.4% 1.05% −0.47
OVV Ovintiv Inc. Sold out 0.00% −0.47
TRIP Tripadvisor Inc. Sold out 0.00% −0.46
CCL Carnival Corp. Reduce -95.3% 0.02% −0.46
SCHZ Schwab US Aggregate Bond ETF Reduce -16.7% 1.65% −0.34
EEMV iShares MSCI Emg MKT Min Vol Reduce -15.3% 0.97% −0.17
EFAV iShares MSCI Eafe Min Vol Fa Reduce -14.9% 1.01% −0.16
BRK.B Berkshire Hathaway Inc. Class B Reduce -72.3% 0.06% −0.15
RSPU Invesco S&P 500 Equal Weight Reduce -4.6% 1.53% −0.12
SCHA Schwab US Small-Cap ETF Reduce -4.9% 3.59% −0.12
BSJQ Invesco Bulletshares 2026 HY Reduce -99.7% 0.00% −0.09
URA Global X Uranium ETF Sold out 0.00% −0.08

Portfolio Buys Q3 2025 → Q4 2025
LMBS First Trust Low Duration Opp Add +118.8% 4.26% +2.32
VNLA Janus Henderson Short Durati New 2.17% +2.17
EMB iShares JP Morgan Usd Emergi Add +23305.3% 2.17% +2.16
ICVT iShares Convertible Bond ETF New 2.16% +2.16
BOXX Alpha Architect 1-3 MNTH Box New 1.08% +1.08
HSY The Hershey Co. Add +38266.7% 0.54% +0.54
IONS Ionis Pharmaceuticals Inc. New 0.53% +0.53
KSS Kohls Corp. New 0.53% +0.53
BG Bunge Global SA New 0.53% +0.53
NBIX Neurocrine Biosciences Inc. New 0.53% +0.53
SRE Sempra New 0.53% +0.53
ADM Archer-Daniels-Midland Co. New 0.53% +0.53
NVT Nvent Electric PLC New 0.53% +0.53
CLF Cleveland-Cliffs Inc. New 0.53% +0.53
WELL Welltower Inc. New 0.52% +0.52
PPLI People Inc. New 0.52% +0.52
PII Polaris Inc. New 0.52% +0.52
PWR Quanta Services Inc. New 0.52% +0.52
VMC Vulcan Materials Co. New 0.52% +0.52
PLTR Palantir Technologies Inc. Class A Add +10908.0% 0.50% +0.50
GTM Zoominfo Technologies Inc. New 0.50% +0.50
LYFT LYFT Inc. Class A New 0.49% +0.49
PSX Phillips 66 Add +4796.1% 0.50% +0.49
GOOGL Alphabet Inc. Class A Add +3223.4% 0.50% +0.49
VLO Valero Energy Corp. New 0.49% +0.49
INCY Incyte Corp. New 0.49% +0.49
AMD Advanced Micro Devices Add +736.5% 0.54% +0.49
SEE Sealed Air Corp. New 0.49% +0.49
BF.B Brown-Forman Corp. Class B New 0.49% +0.49
FTI Technipfmc PLC New 0.48% +0.48
AVGO Broadcom Inc. Add +3519.5% 0.50% +0.48
APA Apa Corp. New 0.48% +0.48
W Wayfair Inc. Class A New 0.48% +0.48
STAG Stag Industrial Inc. New 0.48% +0.48
WPC WP Carey Inc. New 0.48% +0.48
EVR Evercore Inc. Class A New 0.48% +0.48
WYNN WYNN Resorts Ltd. New 0.48% +0.48
VRT Vertiv Holdings Co. Class A New 0.48% +0.48
SOFI Sofi Technologies Inc. New 0.48% +0.48
HOOD Robinhood Markets Inc. Class A New 0.47% +0.47
SNV Synovus Financial Corp. New 0.47% +0.47
LBTYA Liberty Global Ltd. Class A Add +886.2% 0.49% +0.43
STIP iShares 0-5 Year Tips Bond E Add +8.0% 2.90% +0.18
RSPM Invesco S&P 500 Equal Weight Add +2.2% 2.25% +0.13
EQAL Invesco Russell 1000 Equal W Add +9.1% 1.36% +0.13
IBHG iShares Ibonds 2027 HY Inc. New 0.09% +0.09
SRLN SS Blackstone Sr Loan ETF Add +9.3% 1.10% +0.08
LIT Global X Lithium & Battery T New 0.08% +0.08
XBI SS SPDR S&P Biotech ETF New 0.08% +0.08
ICLN iShares Global Clean Energy New 0.08% +0.08

Options Activity Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US put New 600 $409K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 253$216.1MITOT, SCHA, IJH, STIP, HEEM
Q1 2026 243$199.1MITOT, SCHA, IJH, SGOV, STIP
Q4 2025 250$194.0MITOT, LMBS, SCHA, IJH, STIP
Q3 2025 266$193.7MITOT, SHYG, SCHA, VCIT, IJH
Q2 2025 260$182.4MITOT, EFAV, SCHA, EEMV, IJH
Q1 2025 212$167.4MITOT, LMBS, EFAV, EEMV, SCHA
Q4 2024 257$171.1MITOT, EEMV, EFAV, SCHA, SRLN
Q3 2024 228$170.8MITOT, EEMV, EFAV, LMBS, SCHA
Q2 2024 223$160.4MITOT, EEMV, EFAV, SCHA, SCHZ
Q1 2024 221$162.5MITOT, EEMV, LMBS, EFAV, SCHA