Gallagher Fiduciary Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Gallagher Fiduciary Advisors, LLC reported 327 stock positions worth $2.6 billion. Its top holding was McDonald's (MCD) at 53.2% of the portfolio, followed by P G & E (PCG, 11.1%) and Delta Air Lines (DAL, 8.4%). Compared with Q1 2025, it opened 39 new positions, sold out of 15, added to 188 and reduced 86. The biggest buy was a new position in American Century Diversified (KORP) and the biggest sale iShares 0-5 YR HY Corp. Bond (SHYG, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- ROLLING MEADOWS, IL
- CIK
- 0001527781
- Portfolio Value
- $2.6B (Q2 2025)
- SEC Filing
- 0001085146-25-005267 ↗ filed Aug 14, 2025
Holdings Value
Holdings 327 stocks · $2.6B
| MCD McDonald's Corp. | 53.16% | 4,702,188 | $1.4B | Reduce -2.8% |
| PCG P G & E Corp. | 11.09% | 20,560,455 | $286.6M | Reduce -0.9% |
| DAL Delta Air Lines Inc. | 8.42% | 4,424,325 | $217.6M | Reduce -2.5% |
| CBRE CBRE Group Inc. Class A | 5.05% | 931,187 | $130.5M | Reduce -0.6% |
| KORP American Century Diversified | 1.75% | 962,573 | $45.3M | New |
| BEN Franklin Templeton Inc. | 1.37% | 1,485,533 | $35.4M | Reduce -0.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.03% | 317,587 | $26.5M | Reduce -1.2% |
| IEMG iShares Core MSCI Emerging | 1.02% | 437,625 | $26.3M | Add +2.6% |
| IUSG iShares Core S&P U.S. Growth | 0.82% | 140,984 | $21.2M | Add +1.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.76% | 4,423,192 | $19.7M | Add +949.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.66% | 87,206 | $17.0M | Reduce -2.9% |
| AVUV Avantis US Small Cap Value | 0.66% | 186,656 | $17.0M | Add +14.0% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.59% | 55,266 | $15.3M | Add +5.6% |
| ISCG iShares Morningstar Small-Ca | 0.58% | 299,710 | $14.9M | Add +4.9% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.57% | 172,189 | $14.7M | Add +5.1% |
| AVLV Avantis US Large Cap Value | 0.46% | 175,445 | $12.0M | Reduce -6.0% |
| IUSV iShares Core S&P U.S. Value | 0.43% | 117,457 | $11.1M | Add +2.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.43% | 62,196 | $11.0M | Reduce -18.8% |
| DGRO iShares Core Dividend Growth | 0.35% | 142,821 | $9.1M | Reduce -20.3% |
| HDV iShares Core High Dividend E | 0.35% | 76,477 | $9.0M | Reduce -0.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 18,242 | $8.0M | Reduce -3.6% |
| RDVY First Trust Rising Dividend | 0.29% | 119,055 | $7.5M | Add +191.9% |
| MTUM iShares MSCI USA Momentum Fa | 0.28% | 30,468 | $7.3M | Reduce -3.0% |
| SDVY First Trust Smid Cap Rising | 0.28% | 207,117 | $7.3M | Add +3.0% |
| PALC Pacer Lunt LRG Cap Multi-Fac | 0.25% | 130,204 | $6.4M | Add +0.3% |
| ZALT Innovator US Eq 10 Buffer | 0.22% | 188,705 | $5.8M | Reduce -23.6% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.22% | 178,807 | $5.7M | Reduce -19.9% |
| FESM Fidelity Enhanced Small Cap | 0.22% | 176,577 | $5.6M | New |
| CLF Cleveland-Cliffs Inc. | 0.21% | 701,423 | $5.3M | Reduce -1.8% |
| XLK SS Technology Select Sector | 0.20% | 20,868 | $5.3M | Reduce -1.7% |
| NVDA Nvidia Corp. | 0.18% | 28,821 | $4.6M | Add +0.8% |
| IVV iShares Core S&P 500 ETF | 0.16% | 6,514 | $4.0M | Reduce -8.0% |
| AAPL Apple Inc. | 0.15% | 18,273 | $3.7M | Add +6.5% |
| AMZN Amazon.com Inc. | 0.14% | 17,052 | $3.7M | Add +3.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.14% | 85,462 | $3.7M | Reduce -89.2% |
| XLG Invesco S&P 500 Top 50 ETF | 0.13% | 64,049 | $3.3M | Add +597.6% |
| SOXX iShares Semiconductor ETF | 0.12% | 13,523 | $3.2M | Add +674.5% |
| MSFT Microsoft Corp. | 0.11% | 5,912 | $2.9M | Reduce -4.2% |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | 0.11% | 83,655 | $2.8M | Add +587.4% |
| XOM Exxon Mobil Corp. | 0.11% | 25,190 | $2.7M | Reduce -0.6% |
| SCHB Schwab US Broad Market ETF | 0.10% | 64,764,324 | $2.7M | Add +2295.8% |
| MMM 3M Co. | 0.10% | 17,023 | $2.6M | Add +6.4% |
| JPM JPMorgan Chase & Co. | 0.09% | 8,380 | $2.4M | Add +0.6% |
| FIW First Trust Water ETF | 0.08% | 19,905 | $2.1M | Add +517.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 25,409 | $2.1M | Reduce -19.7% |
| TSLA Tesla Inc. | 0.08% | 6,584 | $2.1M | Add +1.9% |
| BUFZ FT Vest Laddered Moderate Bu | 0.07% | 74,993 | $1.9M | Reduce -85.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 150,330,714 | $1.9M | Add +30685.3% |
| XLF SS Financial Select Sector | 0.07% | 35,296 | $1.8M | Add +0.9% |
| SGOV iShares 0-3 Month Treasury B | 0.07% | 17,245 | $1.7M | Add +13.8% |
| PG The Procter & Gamble Co. | 0.07% | 10,617 | $1.7M | Add +0.1% |
| BALT Inn Defined Wealth Shield | 0.06% | 49,966 | $1.6M | Add +9.0% |
| META Meta Platforms Inc. Class A | 0.06% | 2,115 | $1.6M | Reduce -2.9% |
| VZ Verizon Communications Inc. | 0.06% | 35,411 | $1.5M | Reduce -2.4% |
| CVX Chevron Corp. | 0.06% | 10,632 | $1.5M | Add +3.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.06% | 3,013 | $1.5M | Add +7.8% |
| KO The Coca-Cola Co. | 0.06% | 20,166 | $1.4M | Reduce -9.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 9,858,304 | $1.4M | Add +424278.1% |
| VOO Vanguard S&P 500 ETF | 0.05% | 2,482 | $1.4M | Reduce -6.0% |
| WELL Welltower Inc. | 0.05% | 8,813 | $1.4M | Reduce -7.0% |
| XLY SS Consumer Disc Select Sect | 0.05% | 6,205 | $1.3M | Add +1.8% |
| JUNM FT Vest US Eq Max Buf June | 0.05% | 39,716 | $1.3M | Reduce -49.2% |
| XLC SS Comm Select Sector SPDR | 0.05% | 11,796 | $1.3M | Reduce -1.6% |
| XEL Xcel Energy Inc. | 0.05% | 17,922 | $1.2M | Add +5.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 4,133 | $1.2M | Add +8.3% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.05% | 58,721,012 | $1.2M | Add +13125.5% |
| XLI SS Industrial Select Sector | 0.04% | 7,839 | $1.2M | Reduce -2.1% |
| GOOG Alphabet Inc. Class C | 0.04% | 6,403 | $1.1M | Reduce -0.4% |
| QUAL iShares MSCI USA Quality Fac | 0.04% | 2,481,960 | $1.1M | Add +13080.9% |
| EFV iShares MSCI Eafe Value ETF | 0.04% | 17,388 | $1.1M | Add +53.4% |
| PFE Pfizer Inc. | 0.04% | 45,063 | $1.1M | Reduce -0.3% |
| IVW iShares S&P 500 Growth ETF | 0.04% | 9,747 | $1.1M | Reduce -1.9% |
| XLV SS Health Care Select Sector | 0.04% | 7,617 | $1.0M | Add +0.6% |
| WFC Wells Fargo & Co. | 0.04% | 12,638 | $1.0M | Reduce -4.2% |
| T AT&T Inc. | 0.04% | 34,603 | $1.0M | Reduce -49.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.04% | 3,377,749 | $999K | Add +3595.7% |
| ABBV Abbvie Inc. | 0.04% | 5,251 | $975K | Add +4.1% |
| WMT Walmart Inc. | 0.04% | 9,961 | $974K | Add +4.4% |
| FOCT FT Vest U.S. Equity Buffer E | 0.04% | 21,643 | $969K | Add +149.0% |
| SSB Southstate Bank Corp. | 0.04% | 10,432 | $960K | Add +35.8% |
| MRK Merck & Co. Inc. | 0.04% | 11,848 | $938K | Add +10.5% |
| IVE iShares S&P 500 Value ETF | 0.04% | 4,768 | $932K | Add +21.4% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 0.04% | 7,294 | $928K | Add +24.4% |
| JNJ Johnson & Johnson | 0.04% | 6,044 | $923K | Add +4.8% |
| BANF Bancfirst Corp. | 0.03% | 7,259 | $897K | Add +23.3% |
| UGI Ugi Corp. | 0.03% | 24,307 | $885K | Reduce -14.9% |
| KRG Kite Realty Group Trust | 0.03% | 38,934 | $882K | New |
| D Dominion Energy Inc. | 0.03% | 15,520 | $877K | Add +0.0% |
| SANM Sanmina Corp. | 0.03% | 8,912 | $872K | Add +24.4% |
| GOOGL Alphabet Inc. Class A | 0.03% | 4,943 | $871K | Reduce -3.4% |
| PRK Park National Corp. | 0.03% | 5,206 | $871K | Add +22.8% |
| IRT Independence Realty Trust Inc. | 0.03% | 49,223 | $871K | Add +22.3% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.03% | 15,917 | $867K | Add +19.3% |
| SHEL Shell PLC-ADR | 0.03% | 12,164 | $856K | Reduce -6.7% |
| NFLX Netflix Inc. | 0.03% | 636 | $852K | Reduce -0.6% |
| GLW Corning Inc. | 0.03% | 16,025 | $843K | Reduce -5.2% |
| IWN iShares Russell 2000 Value E | 0.03% | 5,292 | $835K | Reduce -1.7% |
| NGG National Grid PLC-SP ADR | 0.03% | 11,044 | $822K | Reduce -17.6% |
| MTN Vail Resorts Inc. | 0.03% | 5,179 | $814K | Add +18.0% |
| NXST Nexstar Media Group Inc. | 0.03% | 4,686 | $810K | Reduce -5.2% |
Portfolio Sells Q1 2025 → Q2 2025
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -89.2% | 0.14% | −0.96 |
| PCG P G & E Corp. | Reduce -0.9% | 11.09% | −0.63 |
| BUFZ FT Vest Laddered Moderate Bu | Reduce -85.8% | 0.07% | −0.34 |
| FDVV Fidelity High Dividend ETF | Reduce -88.1% | 0.03% | −0.17 |
| AEP American Electric Power | Reduce -81.0% | 0.01% | −0.03 |
| JUNM FT Vest US Eq Max Buf June | Reduce -49.2% | 0.05% | −0.03 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.03 |
| F Ford Motor Co. | Sold out | 0.00% | −0.03 |
| T AT&T Inc. | Reduce -49.1% | 0.04% | −0.02 |
| ZALT Innovator US Eq 10 Buffer | Reduce -23.6% | 0.22% | −0.02 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.02 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.01 |
| MARM Ftvestus Max Buff ETF March | Reduce -62.4% | 0.01% | −0.01 |
| FAUG FT Vest U.S. Equity Buffer E | Sold out | 0.00% | −0.01 |
| FJUL FT Vest US Equity Buffer ETF | Sold out | 0.00% | −0.01 |
| FJUN FT Vest US Equity Buff ETF-J | Sold out | 0.00% | −0.01 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.01 |
| DGRO iShares Core Dividend Growth | Reduce -20.3% | 0.35% | −0.01 |
| LMND Lemonade Inc. | Sold out | 0.00% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -18.8% | 0.43% | −0.01 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.01 |
| REI Ring Energy Inc. | Sold out | 0.00% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -19.7% | 0.08% | −0.00 |
| OABI Omniab Inc. | Sold out | 0.00% | −0.00 |
| SJM The JM Smucker Co. | Reduce -7.5% | 0.03% | −0.00 |
| FNF Fidelity National Financial | Reduce -5.7% | 0.03% | −0.00 |
| PLRX Pliant Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| CRM Salesforce Inc. | Reduce -16.8% | 0.01% | −0.00 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.3% | 0.01% | 0.00 |
| ECL Ecolab Inc. | Reduce -19.2% | 0.03% | +0.00 |
| PEP Pepsico Inc. | Reduce -2.1% | 0.03% | +0.00 |
| SON Sonoco Products Co. | Reduce -5.2% | 0.03% | +0.00 |
| XLRE SS Real Estate Select Sector | Reduce -3.5% | 0.01% | +0.00 |
| LMT Lockheed Martin Corp. | Reduce -5.8% | 0.01% | +0.00 |
| HR Healthcare Realty Trust Inc. | Reduce -4.9% | 0.03% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.2% | 0.01% | +0.00 |
| XLB SS Materials Select Sector | Reduce -0.9% | 0.01% | +0.00 |
| SHEL Shell PLC-ADR | Reduce -6.7% | 0.03% | +0.00 |
| CMG Chipotle Mexican Grill Inc. | Reduce -10.7% | 0.01% | +0.00 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -19.9% | 0.22% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -2.1% | 0.01% | +0.00 |
| NXST Nexstar Media Group Inc. | Reduce -5.2% | 0.03% | +0.00 |
| SPHY SS SPDR P High Yield ETF | Reduce -7.0% | 0.02% | +0.00 |
| SAP Sap SE-Sponsored ADR | Reduce -5.6% | 0.01% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.5% | 0.01% | +0.00 |
| AGIO Agios Pharmaceuticals Inc. | Reduce -10.6% | 0.01% | +0.00 |
| AXP American Express Co. | Reduce -10.9% | 0.01% | +0.00 |
| IYW iShares Ustechnology ETF | Reduce -17.7% | 0.01% | +0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| KORP American Century Diversified | New | 1.75% | +1.75 |
| IEMG iShares Core MSCI Emerging | Add +2.6% | 1.02% | +0.26 |
| IUSG iShares Core S&P U.S. Growth | Add +1.3% | 0.82% | +0.24 |
| FESM Fidelity Enhanced Small Cap | New | 0.22% | +0.22 |
| RDVY First Trust Rising Dividend | Add +191.9% | 0.29% | +0.21 |
| AVUV Avantis US Small Cap Value | Add +14.0% | 0.66% | +0.19 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +5.6% | 0.59% | +0.16 |
| ISCG iShares Morningstar Small-Ca | Add +4.9% | 0.58% | +0.15 |
| VIOV Vanguard S&P Small-Cap 600 V | Add +5.1% | 0.57% | +0.12 |
| XLG Invesco S&P 500 Top 50 ETF | Add +597.6% | 0.13% | +0.12 |
| SOXX iShares Semiconductor ETF | Add +674.5% | 0.12% | +0.11 |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | Add +587.4% | 0.11% | +0.10 |
| IUSV iShares Core S&P U.S. Value | Add +2.1% | 0.43% | +0.08 |
| NVDA Nvidia Corp. | Add +0.8% | 0.18% | +0.07 |
| FIW First Trust Water ETF | Add +517.8% | 0.08% | +0.07 |
| SDVY First Trust Smid Cap Rising | Add +3.0% | 0.28% | +0.06 |
| PALC Pacer Lunt LRG Cap Multi-Fac | Add +0.3% | 0.25% | +0.04 |
| AMZN Amazon.com Inc. | Add +3.0% | 0.14% | +0.04 |
| KRG Kite Realty Group Trust | New | 0.03% | +0.03 |
| STAG Stag Industrial Inc. | New | 0.03% | +0.03 |
| CUZ Cousins Properties Inc. | New | 0.03% | +0.03 |
| FRT Federal Realty Invs Trust | New | 0.03% | +0.03 |
| FNOV FT Vest US Equity Buffer ETF | New | 0.03% | +0.03 |
| OKE Oneok Inc. | New | 0.03% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 0.09% | +0.03 |
| KTOS Kratos Defense & Security | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +1.9% | 0.08% | +0.03 |
| FOCT FT Vest U.S. Equity Buffer E | Add +149.0% | 0.04% | +0.03 |
| GLNG Golar LNG Ltd. | New | 0.02% | +0.02 |
| TRS Trimas Corp. | New | 0.02% | +0.02 |
| MMM 3M Co. | Add +6.4% | 0.10% | +0.02 |
| FMAY FT Vest US Equity Buffer ETF | New | 0.02% | +0.02 |
| COF Capital One Financial Corp. | New | 0.02% | +0.02 |
| EFV iShares MSCI Eafe Value ETF | Add +53.4% | 0.04% | +0.02 |
| APOC Inr Eqty Def P ETF - 6 M A/O | New | 0.02% | +0.02 |
| AAPL Apple Inc. | Add +6.5% | 0.15% | +0.02 |
| SGOV iShares 0-3 Month Treasury B | Add +13.8% | 0.07% | +0.02 |
| CVSA Covista Inc. | Add +24.4% | 0.04% | +0.02 |
| QGRO American Century US Quality | New | 0.02% | +0.02 |
| IBM Intl Business Machines Corp. | Add +8.3% | 0.05% | +0.02 |
| THRO iShares U.S. Thematic Rotati | New | 0.02% | +0.02 |
| SANM Sanmina Corp. | Add +24.4% | 0.03% | +0.02 |
| HELO JPMorgan Hedged Equity ETF | New | 0.02% | +0.02 |
| BALT Inn Defined Wealth Shield | Add +9.0% | 0.06% | +0.01 |
| XLF SS Financial Select Sector | Add +0.9% | 0.07% | +0.01 |
| SSB Southstate Bank Corp. | Add +35.8% | 0.04% | +0.01 |
| BANF Bancfirst Corp. | Add +23.3% | 0.03% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.01% | +0.01 |
| CIM Chimera Investment Corp. | Add +91.7% | 0.02% | +0.01 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 356 | $3.0B | MCD, DAL, PCG, VTI, CBRE |
| Q1 2026 | 340 | $2.6B | MCD, PCG, DAL, CBRE, BEN |
| Q4 2025 | 325 | $3.1B | MCD, PCG, DAL, VTI, CBRE |
| Q3 2025 | 306 | $2.7B | MCD, PCG, DAL, CBRE, LQD |
| Q2 2025 | 327 | $2.6B | MCD, PCG, DAL, CBRE, KORP |
| Q1 2025 | 303 | $3.0B | MCD, PCG, DAL, VTI, CBRE |
| Q4 2024 | 298 | $510.9M | LQD, SHYG, IEFA, IEMG, IUSG |
| Q3 2024 | 274 | $493.8M | LQD, SHYG, IEMG, IEFA, VBR |
| Q2 2024 | 256 | $446.2M | SHYG, IUSV, VBR, VIOV, IGSB |
| Q1 2024 | 201 | $2.8B | MCD, PCG, DAL, CBRE, BEN |