Gallagher Fiduciary Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Gallagher Fiduciary Advisors, LLC reported 306 stock positions worth $2.7 billion. Its top holding was McDonald's (MCD) at 51.1% of the portfolio, followed by P G & E (PCG, 11.1%) and Delta Air Lines (DAL, 9.0%). Compared with Q2 2025, it opened 29 new positions, sold out of 50, added to 108 and reduced 154. The biggest buy was a new position in FT Vest US Equity Moderate B (GSEP) and the biggest sale McDonald's (MCD, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- ROLLING MEADOWS, IL
- CIK
- 0001527781
- Portfolio Value
- $2.7B (Q3 2025)
- SEC Filing
- 0001527781-25-000002 ↗ filed Nov 14, 2025
Holdings Value
Holdings 306 stocks · $2.7B
| MCD McDonald's Corp. | 51.08% | 4,576,008 | $1.4B | Reduce -2.7% |
| PCG P G & E Corp. | 11.11% | 20,052,912 | $302.4M | Reduce -2.5% |
| DAL Delta Air Lines Inc. | 8.96% | 4,297,747 | $243.9M | Reduce -2.9% |
| CBRE CBRE Group Inc. Class A | 5.30% | 915,107 | $144.2M | Reduce -1.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.42% | 346,385 | $38.6M | Reduce -92.2% |
| BEN Franklin Templeton Inc. | 1.21% | 1,428,504 | $33.0M | Reduce -3.8% |
| KORP American Century Diversified | 1.04% | 592,346 | $28.2M | Reduce -38.5% |
| SCHB Schwab US Broad Market ETF | 0.98% | 1,036,132 | $26.6M | Reduce -98.4% |
| VCLT Vanguard Long-Term Corp. Bond | 0.91% | 320,178 | $24.9M | Reduce -99.5% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.89% | 469,065 | $24.2M | Reduce -99.2% |
| AVUV Avantis US Small Cap Value | 0.69% | 189,860 | $18.9M | Add +1.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.66% | 86,220 | $18.0M | Reduce -1.1% |
| IEMG iShares Core MSCI Emerging | 0.64% | 263,579 | $17.4M | Reduce -39.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.63% | 196,757 | $17.2M | Reduce -38.0% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.61% | 55,785 | $16.6M | Add +0.9% |
| ISCG iShares Morningstar Small-Ca | 0.60% | 301,538 | $16.4M | Add +0.6% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.60% | 171,879 | $16.4M | Reduce -0.2% |
| IXUS iShares Core Intl Stock ETF | 0.50% | 164,762 | $13.6M | Reduce -97.0% |
| BND Vanguard Total Bond Market | 0.47% | 172,007 | $12.8M | Reduce -94.4% |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.45% | 123,733 | $12.2M | Reduce -99.0% |
| AVLV Avantis US Large Cap Value | 0.44% | 167,498 | $12.1M | Reduce -4.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.42% | 61,952 | $11.6M | Reduce -0.4% |
| DGRO iShares Core Dividend Growth | 0.35% | 141,225 | $9.6M | Reduce -1.1% |
| IUSG iShares Core S&P U.S. Growth | 0.33% | 54,654 | $9.0M | Reduce -61.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.32% | 18,183 | $8.7M | Reduce -0.3% |
| CLF Cleveland-Cliffs Inc. | 0.31% | 684,293 | $8.3M | Reduce -2.4% |
| RDVY First Trust Rising Dividend | 0.29% | 119,278 | $8.0M | Add +0.2% |
| SDVY First Trust Smid Cap Rising | 0.29% | 207,477 | $7.9M | Add +0.2% |
| ZALT Innovator US Eq 10 Buffer | 0.23% | 193,481 | $6.2M | Add +2.5% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.22% | 177,616 | $5.9M | Reduce -0.7% |
| IUSV iShares Core S&P U.S. Value | 0.21% | 58,495 | $5.8M | Reduce -50.2% |
| VGIT Vanguard Intermediate-Term T | 0.20% | 92,223 | $5.5M | Reduce -98.4% |
| HDV iShares Core High Dividend E | 0.18% | 40,730 | $5.0M | Reduce -46.7% |
| IDV iShares International Select | 0.17% | 126,646 | $4.6M | Reduce -98.5% |
| AAPL Apple Inc. | 0.17% | 17,688 | $4.5M | Reduce -3.2% |
| IVV iShares Core S&P 500 ETF | 0.15% | 6,291 | $4.2M | Reduce -3.4% |
| XLG Invesco S&P 500 Top 50 ETF | 0.14% | 64,080 | $3.7M | Add +0.1% |
| NVDA Nvidia Corp. | 0.13% | 19,161 | $3.6M | Reduce -33.5% |
| MTUM iShares MSCI USA Momentum Fa | 0.13% | 13,830 | $3.5M | Reduce -54.6% |
| SOXX iShares Semiconductor ETF | 0.13% | 13,012 | $3.5M | Reduce -3.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.13% | 80,942 | $3.5M | Reduce -5.3% |
| VYM Vanguard High DVD Yield ETF | 0.13% | 24,193 | $3.4M | Reduce -99.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 10,384 | $3.4M | Reduce -100.0% |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | 0.11% | 87,607 | $3.1M | Add +4.7% |
| PALC Pacer Lunt LRG Cap Multi-Fac | 0.11% | 56,467 | $2.9M | Reduce -56.6% |
| MMM 3M Co. | 0.10% | 17,550 | $2.7M | Add +3.1% |
| FBND Fidelity Total Bond ETF | 0.09% | 52,427 | $2.4M | Reduce -97.4% |
| MSFT Microsoft Corp. | 0.09% | 4,666 | $2.4M | Reduce -21.1% |
| XOM Exxon Mobil Corp. | 0.08% | 20,365 | $2.3M | Reduce -19.1% |
| FIW First Trust Water ETF | 0.08% | 20,127 | $2.3M | Add +1.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 25,949 | $2.2M | Add +2.1% |
| AMZN Amazon.com Inc. | 0.08% | 9,431 | $2.1M | Reduce -44.7% |
| JPM JPMorgan Chase & Co. | 0.08% | 6,565 | $2.1M | Reduce -21.7% |
| SGOV iShares 0-3 Month Treasury B | 0.07% | 20,037 | $2.0M | Add +16.2% |
| FESM Fidelity Enhanced Small Cap | 0.07% | 53,370 | $2.0M | Reduce -69.8% |
| AGG iShares Core U.S. Aggregate | 0.07% | 19,227 | $1.9M | Reduce -98.6% |
| BUFZ FT Vest Laddered Moderate Bu | 0.07% | 71,878 | $1.9M | Reduce -4.2% |
| TSLA Tesla Inc. | 0.07% | 4,057 | $1.8M | Reduce -38.4% |
| BALT Inn Defined Wealth Shield | 0.06% | 47,790 | $1.6M | Reduce -4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.06% | 3,063 | $1.5M | Add +1.7% |
| VOO Vanguard S&P 500 ETF | 0.06% | 2,489 | $1.5M | Add +0.3% |
| XEL Xcel Energy Inc. | 0.05% | 17,938 | $1.4M | Add +0.1% |
| IWN iShares Russell 2000 Value E | 0.05% | 7,666 | $1.4M | Add +44.9% |
| JUNM FT Vest US Eq Max Buf June | 0.05% | 39,654 | $1.3M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.05% | 8,573 | $1.3M | Reduce -19.3% |
| TMHC Taylor Morrison Home Corp. | 0.05% | 19,236 | $1.3M | Add +129.3% |
| CVX Chevron Corp. | 0.05% | 8,130 | $1.3M | Reduce -23.5% |
| ABBV Abbvie Inc. | 0.05% | 5,320 | $1.2M | Add +1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 4,215 | $1.2M | Add +2.0% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.04% | 19,802 | $1.2M | Add +24.4% |
| VZ Verizon Communications Inc. | 0.04% | 25,973 | $1.1M | Reduce -26.6% |
| WELL Welltower Inc. | 0.04% | 6,297 | $1.1M | Reduce -28.6% |
| IVW iShares S&P 500 Growth ETF | 0.04% | 9,276 | $1.1M | Reduce -4.8% |
| JNJ Johnson & Johnson | 0.04% | 5,904 | $1.1M | Reduce -2.3% |
| QUAL iShares MSCI USA Quality Fac | 0.04% | 5,606 | $1.1M | Reduce -99.8% |
| XLK SS Technology Select Sector | 0.04% | 3,831 | $1.1M | Reduce -81.6% |
| GSEP FT Vest US Equity Moderate B | 0.04% | 27,702 | $1.1M | New |
| SANM Sanmina Corp. | 0.04% | 8,985 | $1.0M | Add +0.8% |
| KO The Coca-Cola Co. | 0.04% | 15,577 | $1.0M | Reduce -22.8% |
| META Meta Platforms Inc. Class A | 0.04% | 1,405 | $1.0M | Reduce -33.6% |
| WMT Walmart Inc. | 0.04% | 9,927 | $1.0M | Reduce -0.3% |
| FPE FT-Preferred Secur & Inc. ETF | 0.04% | 55,973 | $1.0M | Reduce -98.5% |
| EFV iShares MSCI Eafe Value ETF | 0.04% | 14,824 | $1.0M | Reduce -14.8% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.04% | 20,510 | $958K | Reduce -99.4% |
| BANF Bancfirst Corp. | 0.03% | 7,343 | $928K | Add +1.2% |
| CMC Commercial Metals Co. | 0.03% | 16,034 | $918K | Add +1.3% |
| NPO Enpro Inc. | 0.03% | 4,000 | $904K | Add +1.3% |
| UMBF Umb Financial Corp. | 0.03% | 7,615 | $901K | Add +1.2% |
| KRG Kite Realty Group Trust | 0.03% | 40,310 | $899K | Add +3.5% |
| T AT&T Inc. | 0.03% | 31,279 | $883K | Reduce -9.6% |
| OEF iShares S&P 100 ETF | 0.03% | 2,574 | $857K | Add +85.7% |
| TRS Trimas Corp. | 0.03% | 22,172 | $857K | Add +2.9% |
| SCHM Schwab US Mid Cap ETF | 0.03% | 28,841 | $855K | Add +8.3% |
| PRK Park National Corp. | 0.03% | 5,256 | $854K | Add +1.0% |
| PFE Pfizer Inc. | 0.03% | 32,888 | $838K | Reduce -27.0% |
| IVE iShares S&P 500 Value ETF | 0.03% | 4,011 | $828K | Reduce -15.9% |
| FDVV Fidelity High Dividend ETF | 0.03% | 14,835 | $826K | Reduce -0.5% |
| JXN Jackson Financial Inc. Class A | 0.03% | 8,164 | $826K | Reduce -5.5% |
| QGRO American Century US Quality | 0.03% | 7,097 | $812K | Add +82.8% |
| FSEP FT Vest U.S. Equity Buffer E | 0.03% | 15,495 | $783K | Add +21.3% |
Portfolio Sells Q2 2025 → Q3 2025
| MCD McDonald's Corp. | Reduce -2.7% | 51.08% | −2.08 |
| KORP American Century Diversified | Reduce -38.5% | 1.04% | −0.72 |
| IUSG iShares Core S&P U.S. Growth | Reduce -61.2% | 0.33% | −0.49 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -38.0% | 0.63% | −0.39 |
| IEMG iShares Core MSCI Emerging | Reduce -39.8% | 0.64% | −0.38 |
| IUSV iShares Core S&P U.S. Value | Reduce -50.2% | 0.21% | −0.22 |
| XLK SS Technology Select Sector | Reduce -81.6% | 0.04% | −0.16 |
| HDV iShares Core High Dividend E | Reduce -46.7% | 0.18% | −0.16 |
| BEN Franklin Templeton Inc. | Reduce -3.8% | 1.21% | −0.16 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -54.6% | 0.13% | −0.15 |
| FESM Fidelity Enhanced Small Cap | Reduce -69.8% | 0.07% | −0.15 |
| PALC Pacer Lunt LRG Cap Multi-Fac | Reduce -56.6% | 0.11% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -44.7% | 0.08% | −0.07 |
| XLF SS Financial Select Sector | Reduce -85.6% | 0.01% | −0.06 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.05 |
| NVDA Nvidia Corp. | Reduce -33.5% | 0.13% | −0.04 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.04 |
| XLC SS Comm Select Sector SPDR | Reduce -85.1% | 0.01% | −0.04 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.04 |
| SSB Southstate Bank Corp. | Sold out | 0.00% | −0.04 |
| CVSA Covista Inc. | Sold out | 0.00% | −0.04 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.03 |
| GLW Corning Inc. | Sold out | 0.00% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -77.7% | 0.01% | −0.03 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -100.0% | 0.03% | −0.03 |
| HR Healthcare Realty Trust Inc. | Sold out | 0.00% | −0.03 |
| FNOV FT Vest US Equity Buffer ETF | Sold out | 0.00% | −0.03 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −0.03 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.03 |
| MSFT Microsoft Corp. | Reduce -21.1% | 0.09% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.02 |
| WLY Wiley (john) & Sons Class A | Sold out | 0.00% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -33.6% | 0.04% | −0.02 |
| FOCT FT Vest U.S. Equity Buffer E | Reduce -59.8% | 0.02% | −0.02 |
| FMAY FT Vest US Equity Buffer ETF | Sold out | 0.00% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -19.1% | 0.08% | −0.02 |
| NFLX Netflix Inc. | Reduce -56.3% | 0.01% | −0.02 |
| UGI Ugi Corp. | Reduce -48.5% | 0.02% | −0.02 |
| AVLV Avantis US Large Cap Value | Reduce -4.5% | 0.44% | −0.02 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −0.02 |
| MLI Mueller Industries Inc. | Sold out | 0.00% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -21.7% | 0.08% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -26.6% | 0.04% | −0.02 |
| KO The Coca-Cola Co. | Reduce -22.8% | 0.04% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -19.3% | 0.05% | −0.02 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.02 |
| MTN Vail Resorts Inc. | Reduce -47.1% | 0.02% | −0.02 |
| AHR American Healthcare REIT Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| GSEP FT Vest US Equity Moderate B | New | 0.04% | +0.04 |
| AVUV Avantis US Small Cap Value | Add +1.7% | 0.69% | +0.04 |
| TMHC Taylor Morrison Home Corp. | Add +129.3% | 0.05% | +0.03 |
| FAUG FT Vest U.S. Equity Buffer E | New | 0.03% | +0.03 |
| FJUL FT Vest US Equity Buffer ETF | New | 0.02% | +0.02 |
| ISCG iShares Morningstar Small-Ca | Add +0.6% | 0.60% | +0.02 |
| CYTK Cytokinetics Inc. | New | 0.02% | +0.02 |
| VRNT Verint Systems Inc. | New | 0.02% | +0.02 |
| CVS CVS Health Corp. | New | 0.02% | +0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +0.9% | 0.61% | +0.02 |
| IWN iShares Russell 2000 Value E | Add +44.9% | 0.05% | +0.02 |
| ANGO Angiodynamics Inc. | New | 0.02% | +0.02 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.02% | +0.02 |
| OMC Omnicom Group | New | 0.02% | +0.02 |
| OEF iShares S&P 100 ETF | Add +85.7% | 0.03% | +0.02 |
| ADC Agree Realty Corp. | New | 0.01% | +0.01 |
| PRAA Pra Group Inc. | New | 0.01% | +0.01 |
| UCTT Ultra Clean Holdings Inc. | New | 0.01% | +0.01 |
| QGRO American Century US Quality | Add +82.8% | 0.03% | +0.01 |
| JIRE JPMorgan Int Res Enh Eqty | New | 0.01% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +85.1% | 0.03% | +0.01 |
| PYLD PIMCO Multisector Bond Actv | New | 0.01% | +0.01 |
| YLD Principal Act Hi YLD ETF | New | 0.01% | +0.01 |
| KOS Kosmos Energy Ltd. | New | 0.01% | +0.01 |
| AVEM Avantis Emerging Markets Eq | New | 0.01% | +0.01 |
| AVDE Avantis International Equity | Add +93.3% | 0.02% | +0.01 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +24.4% | 0.04% | +0.01 |
| SPHQ Invesco S&P 500 Quality ETF | Add +95.2% | 0.02% | +0.01 |
| AGGY Wisdomtree Yield Enhanced US | New | 0.01% | +0.01 |
| SEPM FT Vest US Eq Max Buf Sep | New | 0.01% | +0.01 |
| QQQM Invesco Nasdaq 100 ETF | Add +65.4% | 0.02% | +0.01 |
| DDFL Invtr Eq D Di 15 B ETF - Jul | New | 0.01% | +0.01 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | New | 0.01% | +0.01 |
| UTHR United Therapeutics Corp. | New | 0.01% | +0.01 |
| AMRC Ameresco Inc. Class A | New | 0.01% | +0.01 |
| R Ryder System Inc. | New | 0.01% | +0.01 |
| HP Helmerich & Payne | New | 0.01% | +0.01 |
| SWK Stanley Black & Decker Inc. | New | 0.01% | +0.01 |
| RIOT Riot Platforms Inc. | New | 0.01% | +0.01 |
| TRS Trimas Corp. | Add +2.9% | 0.03% | +0.01 |
| ABBV Abbvie Inc. | Add +1.3% | 0.05% | +0.01 |
| CLS Celestica Inc. | New | 0.01% | +0.01 |
| ZJUN Innova Eqty Def Prot 1YR Jun | New | 0.01% | +0.01 |
| SDVY First Trust Smid Cap Rising | Add +0.2% | 0.29% | +0.01 |
| SGOV iShares 0-3 Month Treasury B | Add +16.2% | 0.07% | +0.01 |
| XLG Invesco S&P 500 Top 50 ETF | Add +0.1% | 0.14% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +28.6% | 0.03% | +0.01 |
| AEO American Eagle Outfitters | Add +0.7% | 0.01% | +0.01 |
| XEL Xcel Energy Inc. | Add +0.1% | 0.05% | +0.01 |
| RDVY First Trust Rising Dividend | Add +0.2% | 0.29% | +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 |