FSA Investment Group, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), FSA Investment Group, LLC reported 23 stock positions worth $117.5 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 68.8% of the portfolio, followed by Van Morst SML-Cap Gro-Usd (VBK, 9.5%) and Vanguard S&P Small-Cap 600 V (VIOV, 5.0%). Compared with Q4 2024, it opened 3 new positions, added to 14 and reduced 4. The biggest buy was a new position in iShares Flex I A ETF-Usd (BINC) and the biggest sale Vanguard Total Intl Stock (VXUS, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- Pensacola, FL
- CIK
- 0002051584
- Portfolio Value
- $117.5M (Q1 2025)
- SEC Filing
- 0001667731-25-000403 ↗ filed Apr 10, 2025
Holdings Value
Holdings 23 stocks · $117.5M
| SCHX Schwab US Large-Cap ETF | 68.82% | 3,661,960 | $80.9M | Add +5.6% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 9.48% | 44,250 | $11.1M | Add +10.0% |
| VIOV Vanguard S&P Small-Cap 600 V | 4.96% | 69,485 | $5.8M | Add +3.6% |
| SCHP Schwab U.S. Tips ETF | 2.97% | 129,754 | $3.5M | Add +7.7% |
| AGG iShares Core U.S. Aggregate | 1.51% | 17,936 | $1.8M | Reduce -2.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.45% | 6,180 | $1.7M | No change |
| VTHR Vanguard Russell 3000 | 1.43% | 6,800 | $1.7M | Add +5.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.28% | 28,599 | $1.5M | New |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.24% | 27,921 | $1.5M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.97% | 6,086 | $1.1M | Add +11.2% |
| VXUS Vanguard Total Intl Stock | 0.96% | 18,119 | $1.1M | Reduce -13.6% |
| BOND PIMCO Active Bond Exchange-T | 0.93% | 11,836 | $1.1M | Reduce -2.4% |
| SCHD Schwab US DVD Equity ETF | 0.58% | 24,433 | $683K | Add +0.9% |
| AAPL Apple Inc. | 0.51% | 2,711 | $602K | Add +27.7% |
| IDU iShares US Utilities ETF | 0.42% | 4,919 | $499K | Add +0.6% |
| BSV Vanguard Short-Term Bond ETF | 0.41% | 6,181 | $484K | Add +0.6% |
| DVY iShares Select Dividend ETF | 0.41% | 3,557 | $478K | Add +0.8% |
| AMLP Alerian MLP ETF | 0.39% | 8,895 | $462K | Add +1.7% |
| TIP iShares Tips Bond ETF | 0.36% | 3,847 | $427K | Reduce -3.2% |
| VYM Vanguard High DVD Yield ETF | 0.27% | 2,482 | $320K | Add +0.7% |
| O Realty Income Corp. | 0.23% | 4,671 | $271K | Add +0.7% |
| MSFT Microsoft Corp. | 0.23% | 716 | $269K | New |
| UNH Unitedhealth Group Inc. | 0.17% | 392 | $205K | New |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| BINC iShares Flex I A ETF-Usd Inc. | New | 1.28% | +1.28 |
| SCHP Schwab U.S. Tips ETF | Add +7.7% | 2.97% | +0.27 |
| MSFT Microsoft Corp. | New | 0.23% | +0.23 |
| UNH Unitedhealth Group Inc. | New | 0.17% | +0.17 |
| AAPL Apple Inc. | Add +27.7% | 0.51% | +0.08 |
| O Realty Income Corp. | Add +0.7% | 0.23% | +0.02 |
| IDU iShares US Utilities ETF | Add +0.6% | 0.42% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +11.2% | 0.97% | +0.01 |
| AMLP Alerian MLP ETF | Add +1.7% | 0.39% | +0.01 |
| DVY iShares Select Dividend ETF | Add +0.8% | 0.41% | +0.00 |
| SCHD Schwab US DVD Equity ETF | Add +0.9% | 0.58% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +0.6% | 0.41% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +0.7% | 0.27% | −0.00 |
| VTHR Vanguard Russell 3000 | Add +5.8% | 1.43% | −0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +10.0% | 9.48% | −0.42 |
| VIOV Vanguard S&P Small-Cap 600 V | Add +3.6% | 4.96% | −0.46 |
| SCHX Schwab US Large-Cap ETF | Add +5.6% | 68.82% | −0.93 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $307.9M | SCHX, VBIL, RSP, AVDE, IEMG |
| Q1 2026 | 45 | $248.4M | SCHX, VBIL, RSP, AVDE, IEMG |
| Q4 2025 | 38 | $164.0M | SCHX, RSP, SCHP, VTHR, BAR |
| Q3 2025 | 40 | $160.4M | SCHX, RSP, SCHP, VTHR, BAR |
| Q2 2025 | 20 | $135.0M | SCHX, RSP, SCHP, VTHR, AGG |
| Q1 2025 | 23 | $117.5M | SCHX, VBK, VIOV, SCHP, AGG |
| Q4 2024 | 20 | $114.9M | SCHX, VBK, VIOV, SCHP, VTI |