Galvin, Gaustad & Stein, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Galvin, Gaustad & Stein, LLC reported 189 stock positions worth $1.1 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 3.8% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 3.1%) and Microsoft (MSFT, 3.0%). Compared with Q1 2025, it opened 20 new positions, sold out of 10, added to 68 and reduced 75. The biggest buy was Blackstone (BX, shares +1777%) and the biggest sale an exit from Lululemon Athletica (LULU).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001840945
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0001172661-25-002700 ↗ filed Jul 24, 2025
Holdings Value
Holdings 189 stocks · $1.1B
| IEFA iShares Core MSCI Eafe ETF | 3.76% | 515,574 | $43.0M | Add +6.9% |
| VEA Vanguard Ftse Developed ETF | 3.11% | 625,110 | $35.6M | Add +5.0% |
| MSFT Microsoft Corp. | 3.02% | 69,533 | $34.6M | Reduce -1.6% |
| HCA HCA Healthcare Inc. | 2.81% | 83,921 | $32.1M | Add +7.4% |
| JPM JPMorgan Chase & Co. | 2.73% | 108,025 | $31.3M | Reduce -7.5% |
| UBER Uber Technologies Inc. | 2.51% | 308,679 | $28.8M | Reduce -3.0% |
| VSS Vanguard Ftse All Wo X-US SC | 2.45% | 208,922 | $28.1M | Add +3.8% |
| SCHR Schwab Intermediate-Term US | 2.27% | 1,037,065 | $26.0M | Add +4.0% |
| AZO AutoZone Inc. | 2.21% | 6,812 | $25.3M | Reduce -4.0% |
| AMZN Amazon.com Inc. | 2.16% | 112,563 | $24.7M | Reduce -21.0% |
| UNH Unitedhealth Group Inc. | 2.15% | 78,913 | $24.6M | Add +35.5% |
| AGG iShares Core U.S. Aggregate | 2.12% | 245,113 | $24.3M | Reduce -7.6% |
| GE General Electric filed as GE AEROSPACE | 2.02% | 89,940 | $23.1M | Add +26.8% |
| MBB iShares MBS ETF | 1.98% | 242,135 | $22.7M | Add +1.8% |
| KO The Coca-Cola Co. | 1.98% | 321,136 | $22.7M | Add +3.9% |
| AXP American Express Co. | 1.93% | 69,474 | $22.2M | Add +0.1% |
| AAPL Apple Inc. | 1.91% | 106,840 | $21.9M | Reduce -0.9% |
| HD Home Depot Inc. | 1.85% | 57,740 | $21.2M | Add +11.2% |
| V Visa Inc. Class A | 1.84% | 59,228 | $21.0M | Reduce -26.3% |
| SCHO Schwab Short-Term US Treas | 1.67% | 786,562 | $19.2M | Add +20.2% |
| WM Waste Management Inc. | 1.65% | 82,813 | $18.9M | Reduce -0.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.59% | 80,334 | $18.2M | Reduce -9.8% |
| BND Vanguard Total Bond Market | 1.51% | 235,741 | $17.4M | Add +7.8% |
| GS Goldman Sachs Group Inc. | 1.50% | 24,229 | $17.1M | Reduce -14.7% |
| PPL PPL Corp. | 1.48% | 498,969 | $16.9M | Reduce -4.0% |
| PG The Procter & Gamble Co. | 1.46% | 105,122 | $16.7M | Add +12.3% |
| IJR iShares Core S&P Small-Cap E | 1.45% | 151,768 | $16.6M | Reduce -21.7% |
| EOG EOG Resources Inc. | 1.43% | 137,361 | $16.4M | Reduce -6.4% |
| IEMG iShares Core MSCI Emerging | 1.34% | 255,990 | $15.4M | Add +2.5% |
| UNP Union Pacific Corp. | 1.33% | 66,024 | $15.2M | Add +8.3% |
| IJH iShares Core S&P Midcap ETF | 1.30% | 240,074 | $14.9M | Add +5.3% |
| ASML ASML Holding NV-NY Reg SHS | 1.28% | 18,271 | $14.6M | Reduce -5.2% |
| MCHI iShares MSCI China ETF | 1.25% | 260,932 | $14.4M | Reduce -1.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.24% | 267,316 | $14.2M | Add +5.5% |
| STIP iShares 0-5 Year Tips Bond E | 1.19% | 132,857 | $13.7M | Add +0.4% |
| BX Blackstone Inc. | 1.19% | 90,819 | $13.6M | Add +1777.2% |
| GEHC GE Healthcare Technology | 1.15% | 177,929 | $13.2M | Add +7.3% |
| MAT Mattel Inc. | 1.15% | 667,160 | $13.2M | Add +11.8% |
| LNTH Lantheus Holdings Inc. | 1.04% | 145,352 | $11.9M | New |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.95% | 235,342 | $10.9M | Add +1.9% |
| GOOG Alphabet Inc. Class C | 0.95% | 61,076 | $10.8M | Reduce -6.1% |
| VWO Vanguard Ftse Emerging Marke | 0.94% | 218,839 | $10.8M | Add +1.1% |
| CPRT Copart Inc. | 0.94% | 220,029 | $10.8M | Reduce -27.3% |
| CVX Chevron Corp. | 0.94% | 74,959 | $10.7M | Add +3.4% |
| ZTS Zoetis Inc. | 0.94% | 68,718 | $10.7M | Add +6.0% |
| UTHR United Therapeutics Corp. | 0.93% | 37,086 | $10.7M | Add +21.6% |
| VNQ Vanguard Real Estate ETF | 0.91% | 116,717 | $10.4M | Add +1482.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.89% | 22,890 | $10.2M | Add +7.2% |
| BIV Vanguard Intermediate-Term B | 0.88% | 130,047 | $10.1M | Add +6.6% |
| MELI MercadoLibre Inc. | 0.79% | 3,484 | $9.1M | New |
| CRH CRH PLC | 0.79% | 98,361 | $9.0M | New |
| GOOGL Alphabet Inc. Class A | 0.78% | 50,754 | $8.9M | Reduce -6.6% |
| VCIT Vanguard Int-Term Corporate | 0.76% | 104,838 | $8.7M | Reduce -1.9% |
| FLUT Flutter Entertainment PLC-Di | 0.71% | 28,535 | $8.2M | New |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.70% | 151,153 | $8.0M | Reduce -4.0% |
| CG The Carlyle Group Inc. | 0.68% | 150,960 | $7.8M | New |
| COST Costco Wholesale Corp. | 0.59% | 6,854 | $6.8M | Reduce -5.4% |
| ICSH iShares Ultra Short Duration | 0.58% | 131,784 | $6.7M | Add +65.8% |
| BSV Vanguard Short-Term Bond ETF | 0.58% | 84,177 | $6.6M | Reduce -4.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.53% | 76,704 | $6.1M | Reduce -3.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.47% | 22,654 | $5.4M | Add +1.7% |
| MA Mastercard Inc. Class A | 0.42% | 8,464 | $4.8M | Reduce -8.3% |
| IVV iShares Core S&P 500 ETF | 0.40% | 7,291 | $4.5M | Reduce -0.8% |
| NVDA Nvidia Corp. | 0.38% | 27,730 | $4.4M | Reduce -7.4% |
| MUB iShares National Muni Bond E | 0.33% | 35,870 | $3.7M | Reduce -11.1% |
| VCRB Vanguard Core Bond ETF | 0.33% | 48,054 | $3.7M | Add +165.2% |
| JIRE JPMorgan Int Res Enh Eqty | 0.30% | 48,867 | $3.5M | Add +55.3% |
| JPST JPMorgan Ultra-Short Income | 0.25% | 56,548 | $2.9M | Add +24.3% |
| JMUB JPMorgan Municipal ETF | 0.23% | 53,887 | $2.7M | Reduce -4.9% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.23% | 29,085 | $2.6M | Reduce -85.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.22% | 51,195 | $2.5M | Reduce -18.4% |
| JNJ Johnson & Johnson | 0.21% | 15,756 | $2.4M | Reduce -0.7% |
| VIG Vanguard Dividend Apprec ETF | 0.21% | 11,708 | $2.4M | Add +3.1% |
| XLE SS Energy Select Sector | 0.21% | 28,023 | $2.4M | Add +378.6% |
| SCHQ Schwab Long-Term US Treasury | 0.20% | 72,514 | $2.3M | Reduce -11.9% |
| XOM Exxon Mobil Corp. | 0.19% | 20,218 | $2.2M | Reduce -2.3% |
| DIVB iShares Core Dividend ETF | 0.19% | 42,361 | $2.1M | Reduce -1.0% |
| JEPI JPMorgan Equity Premium Inco | 0.19% | 37,424 | $2.1M | Add +17.2% |
| SCHP Schwab U.S. Tips ETF | 0.16% | 70,107 | $1.9M | Reduce -2.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 6,042 | $1.8M | Reduce -0.1% |
| COF Capital One Financial Corp. | 0.15% | 8,266 | $1.8M | New |
| SUB iShares Short-Term National | 0.15% | 16,512 | $1.8M | Add +8.0% |
| FBND Fidelity Total Bond ETF | 0.15% | 37,636 | $1.7M | Add +10.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 3,474 | $1.7M | Reduce -4.5% |
| PM Philip Morris International | 0.14% | 8,961 | $1.6M | Reduce -6.0% |
| META Meta Platforms Inc. Class A | 0.14% | 2,142 | $1.6M | Reduce -13.2% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.13% | 30,187 | $1.5M | Reduce -6.6% |
| BLV Vanguard Long-Term Bond ETF | 0.13% | 20,989 | $1.5M | Add +11.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.12% | 2,671 | $1.4M | Reduce -13.6% |
| ITOT iShares Core S&P Total U.S. | 0.11% | 9,601 | $1.3M | Add +5.3% |
| HON Honeywell International Inc. | 0.11% | 5,418 | $1.3M | Reduce -3.3% |
| SCHD Schwab US DVD Equity ETF | 0.11% | 45,990 | $1.2M | Reduce -18.1% |
| IWF iShares Russell 1000 Growth | 0.10% | 2,787 | $1.2M | Reduce -2.1% |
| XLF SS Financial Select Sector | 0.10% | 21,879 | $1.1M | Reduce -1.8% |
| EPD Enterprise Products Partners | 0.10% | 35,244 | $1.1M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.09% | 6,125 | $1.1M | Add +1.3% |
| BLK BlackRock Inc. | 0.09% | 1,015 | $1.1M | Add +0.4% |
| BOKF Bok Financial Corporation | 0.09% | 10,815 | $1.1M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.09% | 3,743 | $1.0M | Add +99.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 1,671 | $1.0M | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $14.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 12,230 | $14.4M | Reduce -1.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 322 | $391K | Reduce -1.5% |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q1 2025 → Q2 2025
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −2.20 |
| LH Labcorp Holdings Inc. | Reduce -98.5% | 0.03% | −1.57 |
| BNY Bank of New York Mellon Corp. | Reduce -85.4% | 0.23% | −1.28 |
| CPB The Campbell's Company | Sold out | 0.00% | −1.22 |
| LINE Lineage Inc. | Sold out | 0.00% | −1.02 |
| V Visa Inc. Class A | Reduce -26.3% | 1.84% | −0.72 |
| CPRT Copart Inc. | Reduce -27.3% | 0.94% | −0.61 |
| IJR iShares Core S&P Small-Cap E | Reduce -21.7% | 1.45% | −0.39 |
| AMZN Amazon.com Inc. | Reduce -21.0% | 2.16% | −0.30 |
| EOG EOG Resources Inc. | Reduce -6.4% | 1.43% | −0.27 |
| AAPL Apple Inc. | Reduce -0.9% | 1.91% | −0.26 |
| AGG iShares Core U.S. Aggregate | Reduce -7.6% | 2.12% | −0.26 |
| AZO AutoZone Inc. | Reduce -4.0% | 2.21% | −0.24 |
| PPL PPL Corp. | Reduce -4.0% | 1.48% | −0.22 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.12 |
| WM Waste Management Inc. | Reduce -0.3% | 1.65% | −0.09 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -18.4% | 0.22% | −0.06 |
| MUB iShares National Muni Bond E | Reduce -11.1% | 0.33% | −0.06 |
| DFSV Dimensional US Small Cap Val | Sold out | 0.00% | −0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -4.0% | 0.70% | −0.05 |
| MCHI iShares MSCI China ETF | Reduce -1.3% | 1.25% | −0.05 |
| DGX Quest Diagnostics Inc. | Reduce -38.5% | 0.08% | −0.05 |
| BSV Vanguard Short-Term Bond ETF | Reduce -4.3% | 0.58% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -8.3% | 0.42% | −0.04 |
| SCHQ Schwab Long-Term US Treasury | Reduce -11.9% | 0.20% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -18.1% | 0.11% | −0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -3.1% | 0.53% | −0.03 |
| VCIT Vanguard Int-Term Corporate | Reduce -1.9% | 0.76% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -2.3% | 0.19% | −0.03 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -40.0% | 0.05% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -19.8% | 0.09% | −0.03 |
| ZM Zoom Communications Inc. | Reduce -54.2% | 0.03% | −0.03 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.03 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -5.4% | 0.59% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.5% | 0.15% | −0.03 |
| JNJ Johnson & Johnson | Reduce -0.7% | 0.21% | −0.03 |
| JMUB JPMorgan Municipal ETF | Reduce -4.9% | 0.23% | −0.02 |
| XMHQ Invesco S&P Midcap Qual ETF | Sold out | 0.00% | −0.02 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -34.6% | 0.02% | −0.02 |
| TOTL SS Doubleline TR Tact ETF | Sold out | 0.00% | −0.02 |
| SBUX Starbucks Corp. | Reduce -20.9% | 0.04% | −0.02 |
| JMST JPM Ultra-Short Muni Income | Reduce -6.6% | 0.13% | −0.01 |
| ABBV Abbvie Inc. | Reduce -0.0% | 0.08% | −0.01 |
| SCHP Schwab U.S. Tips ETF | Reduce -2.7% | 0.16% | −0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -19.9% | 0.05% | −0.01 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -9.8% | 0.07% | −0.01 |
| UPS United Parcel Service Class B | Reduce -2.4% | 0.06% | −0.01 |
| AMGN Amgen Inc. | Reduce -2.4% | 0.05% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| BX Blackstone Inc. | Add +1777.2% | 1.19% | +1.12 |
| LNTH Lantheus Holdings Inc. | New | 1.04% | +1.04 |
| VNQ Vanguard Real Estate ETF | Add +1482.2% | 0.91% | +0.85 |
| MELI MercadoLibre Inc. | New | 0.79% | +0.79 |
| CRH CRH PLC | New | 0.79% | +0.79 |
| GE General Electric | Add +26.8% | 2.02% | +0.73 |
| FLUT Flutter Entertainment PLC-Di | New | 0.71% | +0.71 |
| CG The Carlyle Group Inc. | New | 0.68% | +0.68 |
| IEFA iShares Core MSCI Eafe ETF | Add +6.9% | 3.76% | +0.45 |
| VEA Vanguard Ftse Developed ETF | Add +5.0% | 3.11% | +0.37 |
| HCA HCA Healthcare Inc. | Add +7.4% | 2.81% | +0.36 |
| VSS Vanguard Ftse All Wo X-US SC | Add +3.8% | 2.45% | +0.34 |
| AXP American Express Co. | Add +0.1% | 1.93% | +0.24 |
| SCHO Schwab Short-Term US Treas | Add +20.2% | 1.67% | +0.23 |
| ICSH iShares Ultra Short Duration | Add +65.8% | 0.58% | +0.22 |
| VCRB Vanguard Core Bond ETF | Add +165.2% | 0.33% | +0.20 |
| XLE SS Energy Select Sector | Add +378.6% | 0.21% | +0.16 |
| COF Capital One Financial Corp. | New | 0.15% | +0.15 |
| HD Home Depot Inc. | Add +11.2% | 1.85% | +0.12 |
| JIRE JPMorgan Int Res Enh Eqty | Add +55.3% | 0.30% | +0.12 |
| IEMG iShares Core MSCI Emerging | Add +2.5% | 1.34% | +0.12 |
| MAT Mattel Inc. | Add +11.8% | 1.15% | +0.10 |
| IJH iShares Core S&P Midcap ETF | Add +5.3% | 1.30% | +0.09 |
| UTHR United Therapeutics Corp. | Add +21.6% | 0.93% | +0.08 |
| PHYS Sprott Physical Gold Trust | New | 0.08% | +0.08 |
| BND Vanguard Total Bond Market | Add +7.8% | 1.51% | +0.06 |
| VWO Vanguard Ftse Emerging Marke | Add +1.1% | 0.94% | +0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +99.3% | 0.09% | +0.05 |
| JPST JPMorgan Ultra-Short Income | Add +24.3% | 0.25% | +0.04 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +5.5% | 1.24% | +0.04 |
| AVGO Broadcom Inc. | Add +16.1% | 0.07% | +0.03 |
| BIV Vanguard Intermediate-Term B | Add +6.6% | 0.88% | +0.03 |
| VRT Vertiv Holdings Co. Class A | New | 0.03% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +36.5% | 0.08% | +0.03 |
| TSLA Tesla Inc. | Add +106.0% | 0.05% | +0.03 |
| ORCL Oracle Corp. | New | 0.02% | +0.02 |
| SCHA Schwab US Small-Cap ETF | New | 0.02% | +0.02 |
| NFLX Netflix Inc. | New | 0.02% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.7% | 0.47% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +17.2% | 0.19% | +0.02 |
| UNP Union Pacific Corp. | Add +8.3% | 1.33% | +0.02 |
| SCHR Schwab Intermediate-Term US | Add +4.0% | 2.27% | +0.02 |
| VUSB Vanguard Ultra Short Bond Et | New | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | New | 0.02% | +0.02 |
| FREL Fidelity MSCI RL Est Indx | New | 0.02% | +0.02 |
| IWB iShares Russell 1000 ETF | New | 0.02% | +0.02 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | New | 0.02% | +0.02 |
| CYBR Cyberark Software Ltd./Israel | New | 0.02% | +0.02 |
| AMAT Applied Materials Inc. | New | 0.02% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +29.4% | 0.06% | +0.02 |
Notes & Other Activity Q1 2025 → Q2 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -1.6% | 12,230 | $14.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.5% | 322 | $391K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 259 | $1.3B | XLK, IEFA, VEA, NVDA, GE |
| Q1 2026 | 249 | $1.2B | XLK, IEFA, VEA, HCA, SCHR |
| Q4 2025 | 247 | $1.3B | IEFA, VEA, MSFT, JPM, HCA |
| Q3 2025 | 203 | $1.2B | IEFA, HCA, MSFT, VEA, JPM |
| Q2 2025 | 189 | $1.1B | IEFA, VEA, MSFT, HCA, JPM |
| Q1 2025 | 179 | $1.1B | IEFA, UNH, VEA, JPM, V |
| Q4 2024 | 180 | $1.1B | IEFA, LULU, AMZN, JPM, UNH |
| Q3 2024 | 182 | $1.1B | IEFA, UNH, VEA, MSFT, KO |
| Q2 2024 | 181 | $1.1B | IEFA, UNH, MSFT, VEA, JPM |
| Q1 2024 | 182 | $1.1B | IEFA, MSFT, VEA, JPM, UNH |