Galvin, Gaustad & Stein, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), Galvin, Gaustad & Stein, LLC reported 203 stock positions worth $1.2 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 3.3% of the portfolio, followed by HCA Healthcare (HCA, 3.0%) and Microsoft (MSFT, 2.9%). Compared with Q2 2025, it opened 18 new positions, sold out of 4, added to 95 and reduced 60. The biggest buy was a new position in Viking (VIK) and the biggest sale Goldman Sachs (GS, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001840945
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0001172661-25-004383 ↗ filed Oct 22, 2025
Holdings Value
Holdings 203 stocks · $1.2B
| IEFA iShares Core MSCI Eafe ETF | 3.25% | 451,744 | $39.4M | Reduce -12.4% |
| HCA HCA Healthcare Inc. | 2.96% | 84,245 | $35.9M | Add +0.4% |
| MSFT Microsoft Corp. | 2.93% | 68,617 | $35.5M | Reduce -1.3% |
| VEA Vanguard Ftse Developed ETF | 2.86% | 577,922 | $34.6M | Reduce -7.5% |
| JPM JPMorgan Chase & Co. | 2.70% | 103,939 | $32.8M | Reduce -3.8% |
| AZO AutoZone Inc. | 2.38% | 6,730 | $28.9M | Reduce -1.2% |
| GE General Electric filed as GE AEROSPACE | 2.20% | 88,893 | $26.7M | Reduce -1.2% |
| SCHR Schwab Intermediate-Term US | 2.20% | 1,060,727 | $26.7M | Add +2.3% |
| UBER Uber Technologies Inc. | 2.15% | 265,558 | $26.0M | Reduce -14.0% |
| VSS Vanguard Ftse All Wo X-US SC | 2.11% | 179,228 | $25.5M | Reduce -14.2% |
| AAPL Apple Inc. | 2.10% | 100,239 | $25.5M | Reduce -6.2% |
| AGG iShares Core U.S. Aggregate | 2.06% | 248,874 | $24.9M | Add +1.5% |
| AMZN Amazon.com Inc. | 2.05% | 113,225 | $24.9M | Add +0.6% |
| HD Home Depot Inc. | 1.95% | 58,393 | $23.7M | Add +1.1% |
| MBB iShares MBS ETF | 1.90% | 242,726 | $23.1M | Add +0.2% |
| AXP American Express Co. | 1.79% | 65,395 | $21.7M | Reduce -5.9% |
| UNH Unitedhealth Group Inc. | 1.74% | 60,979 | $21.1M | Reduce -22.7% |
| MAT Mattel Inc. | 1.73% | 1,246,906 | $21.0M | Add +86.9% |
| SCHO Schwab Short-Term US Treas | 1.72% | 852,449 | $20.8M | Add +8.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.64% | 71,188 | $19.9M | Reduce -11.4% |
| V Visa Inc. Class A | 1.63% | 58,065 | $19.8M | Reduce -2.0% |
| KO The Coca-Cola Co. | 1.61% | 293,951 | $19.5M | Reduce -8.5% |
| WM Waste Management Inc. | 1.55% | 84,903 | $18.7M | Add +2.5% |
| PPL PPL Corp. | 1.54% | 502,544 | $18.7M | Add +0.7% |
| BND Vanguard Total Bond Market | 1.49% | 243,480 | $18.1M | Add +3.3% |
| PG The Procter & Gamble Co. | 1.47% | 116,339 | $17.9M | Add +10.7% |
| MCHI iShares MSCI China ETF | 1.41% | 258,782 | $17.0M | Reduce -0.8% |
| EOG EOG Resources Inc. | 1.34% | 144,777 | $16.2M | Add +5.4% |
| BX Blackstone Inc. | 1.32% | 93,688 | $16.0M | Add +3.2% |
| IJH iShares Core S&P Midcap ETF | 1.30% | 241,684 | $15.8M | Add +0.7% |
| UNP Union Pacific Corp. | 1.24% | 63,561 | $15.0M | Reduce -3.7% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.21% | 271,645 | $14.7M | Add +1.6% |
| VIK Viking Holdings Ltd. | 1.21% | 235,149 | $14.6M | New |
| CG The Carlyle Group Inc. | 1.20% | 233,054 | $14.6M | Add +54.4% |
| GOOG Alphabet Inc. Class C | 1.20% | 59,720 | $14.5M | Reduce -2.2% |
| IJR iShares Core S&P Small-Cap E | 1.20% | 122,265 | $14.5M | Reduce -19.4% |
| CRH CRH PLC | 1.17% | 117,885 | $14.1M | Add +19.9% |
| STIP iShares 0-5 Year Tips Bond E | 1.16% | 136,509 | $14.1M | Add +2.8% |
| MELI MercadoLibre Inc. | 1.16% | 6,031 | $14.1M | Add +73.1% |
| GEHC GE Healthcare Technology | 1.15% | 186,189 | $14.0M | Add +4.6% |
| ASML ASML Holding NV-NY Reg SHS | 1.14% | 14,231 | $13.8M | Reduce -22.1% |
| VRTX Vertex Pharmaceuticals Inc. | 1.07% | 33,142 | $13.0M | Add +44.8% |
| ZTS Zoetis Inc. | 1.06% | 88,124 | $12.9M | Add +28.2% |
| DEO Diageo PLC-Sponsored ADR | 1.03% | 131,530 | $12.6M | New |
| IEMG iShares Core MSCI Emerging | 1.02% | 187,715 | $12.4M | Reduce -26.7% |
| GOOGL Alphabet Inc. Class A | 1.01% | 50,495 | $12.3M | Reduce -0.5% |
| CVX Chevron Corp. | 0.98% | 76,321 | $11.9M | Add +1.8% |
| OTIS Otis Worldwide Corp. | 0.93% | 123,647 | $11.3M | New |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.92% | 239,112 | $11.2M | Add +1.6% |
| VNQ Vanguard Real Estate ETF | 0.91% | 121,380 | $11.1M | Add +4.0% |
| ICSH iShares Ultra Short Duration | 0.87% | 208,069 | $10.6M | Add +57.9% |
| CPRT Copart Inc. | 0.85% | 230,061 | $10.3M | Add +4.6% |
| BIV Vanguard Intermediate-Term B | 0.84% | 129,783 | $10.1M | Reduce -0.2% |
| VWO Vanguard Ftse Emerging Marke | 0.75% | 167,988 | $9.1M | Reduce -23.2% |
| VCIT Vanguard Int-Term Corporate | 0.71% | 103,104 | $8.7M | Reduce -1.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.65% | 147,628 | $7.8M | Reduce -2.3% |
| FLUT Flutter Entertainment PLC-Di | 0.64% | 30,341 | $7.7M | Add +6.3% |
| BSV Vanguard Short-Term Bond ETF | 0.54% | 83,417 | $6.6M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.51% | 6,715 | $6.2M | Reduce -2.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.51% | 77,301 | $6.2M | Add +0.8% |
| JIRE JPMorgan Int Res Enh Eqty | 0.48% | 79,232 | $5.8M | Add +62.1% |
| VCRB Vanguard Core Bond ETF | 0.43% | 66,650 | $5.2M | Add +38.7% |
| NVDA Nvidia Corp. | 0.42% | 27,590 | $5.1M | Reduce -0.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.41% | 19,697 | $5.0M | Reduce -13.1% |
| MA Mastercard Inc. Class A | 0.39% | 8,379 | $4.8M | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 0.39% | 7,117 | $4.8M | Reduce -2.4% |
| MUB iShares National Muni Bond E | 0.34% | 38,739 | $4.1M | Add +8.0% |
| JPST JPMorgan Ultra-Short Income | 0.29% | 68,818 | $3.5M | Add +21.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.25% | 61,717 | $3.1M | Add +20.6% |
| JNJ Johnson & Johnson | 0.25% | 16,297 | $3.0M | Add +3.4% |
| JMUB JPMorgan Municipal ETF | 0.23% | 56,026 | $2.8M | Add +4.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.22% | 24,970 | $2.7M | Reduce -14.2% |
| VIG Vanguard Dividend Apprec ETF | 0.21% | 11,784 | $2.5M | Add +0.7% |
| SCHQ Schwab Long-Term US Treasury | 0.20% | 75,902 | $2.5M | Add +4.7% |
| XOM Exxon Mobil Corp. | 0.19% | 20,012 | $2.3M | Reduce -1.0% |
| DIVB iShares Core Dividend ETF | 0.18% | 42,550 | $2.2M | Add +0.5% |
| FBND Fidelity Total Bond ETF | 0.18% | 47,071 | $2.2M | Add +25.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 4,196 | $2.1M | Add +20.8% |
| JEPI JPMorgan Equity Premium Inco | 0.17% | 36,911 | $2.1M | Reduce -1.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 6,251 | $2.1M | Add +3.5% |
| GS Goldman Sachs Group Inc. | 0.17% | 2,571 | $2.0M | Reduce -89.4% |
| SCHP Schwab U.S. Tips ETF | 0.16% | 71,218 | $1.9M | Add +1.6% |
| SUB iShares Short-Term National | 0.16% | 17,614 | $1.9M | Add +6.7% |
| COF Capital One Financial Corp. | 0.14% | 7,987 | $1.7M | Reduce -3.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.14% | 32,360 | $1.7M | Add +7.2% |
| META Meta Platforms Inc. Class A | 0.13% | 2,133 | $1.6M | Reduce -0.4% |
| BLV Vanguard Long-Term Bond ETF | 0.13% | 21,724 | $1.5M | Add +3.5% |
| PM Philip Morris International | 0.12% | 9,186 | $1.5M | Add +2.5% |
| ITOT iShares Core S&P Total U.S. | 0.12% | 9,829 | $1.4M | Add +2.4% |
| IWF iShares Russell 1000 Growth | 0.12% | 2,987 | $1.4M | Add +7.2% |
| SCHD Schwab US DVD Equity ETF | 0.11% | 49,850 | $1.4M | Add +8.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.11% | 6,989 | $1.3M | Add +14.1% |
| ABBV Abbvie Inc. | 0.11% | 5,506 | $1.3M | Add +12.9% |
| EPD Enterprise Products Partners | 0.10% | 39,921 | $1.2M | Add +13.3% |
| XLE SS Energy Select Sector | 0.10% | 13,970 | $1.2M | Reduce -50.1% |
| BOKF Bok Financial Corporation | 0.10% | 10,815 | $1.2M | No change |
| BLK BlackRock Inc. | 0.10% | 1,021 | $1.2M | Add +0.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.10% | 2,421 | $1.2M | Reduce -9.4% |
| XLF SS Financial Select Sector | 0.10% | 21,464 | $1.2M | Reduce -1.9% |
| HON Honeywell International Inc. | 0.10% | 5,477 | $1.2M | Add +1.1% |
Options reported separately and not counted above: SPY puts ($933K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $17.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 13,435 | $16.6M | Add +9.8% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 442 | $566K | Add +37.3% |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q2 2025 → Q3 2025
| GS Goldman Sachs Group Inc. | Reduce -89.4% | 0.17% | −1.33 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −1.04 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.93 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -12.4% | 3.25% | −0.50 |
| UNH Unitedhealth Group Inc. | Reduce -22.7% | 1.74% | −0.41 |
| KO The Coca-Cola Co. | Reduce -8.5% | 1.61% | −0.38 |
| UBER Uber Technologies Inc. | Reduce -14.0% | 2.15% | −0.37 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -14.2% | 2.11% | −0.34 |
| IEMG iShares Core MSCI Emerging | Reduce -26.7% | 1.02% | −0.32 |
| VEA Vanguard Ftse Developed ETF | Reduce -7.5% | 2.86% | −0.26 |
| IJR iShares Core S&P Small-Cap E | Reduce -19.4% | 1.20% | −0.25 |
| V Visa Inc. Class A | Reduce -2.0% | 1.63% | −0.20 |
| VWO Vanguard Ftse Emerging Marke | Reduce -23.2% | 0.75% | −0.19 |
| AXP American Express Co. | Reduce -5.9% | 1.79% | −0.14 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -22.1% | 1.14% | −0.14 |
| XLE SS Energy Select Sector | Reduce -50.1% | 0.10% | −0.10 |
| MSFT Microsoft Corp. | Reduce -1.3% | 2.93% | −0.09 |
| UNP Union Pacific Corp. | Reduce -3.7% | 1.24% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -2.0% | 0.51% | −0.08 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -13.1% | 0.41% | −0.06 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -2.3% | 0.65% | −0.05 |
| VCIT Vanguard Int-Term Corporate | Reduce -1.6% | 0.71% | −0.04 |
| BIV Vanguard Intermediate-Term B | Reduce -0.2% | 0.84% | −0.04 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.9% | 0.54% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -3.8% | 2.70% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -1.0% | 0.39% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -9.4% | 0.10% | −0.02 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.02 |
| UPS United Parcel Service Class B | Reduce -4.9% | 0.05% | −0.02 |
| COF Capital One Financial Corp. | Reduce -3.4% | 0.14% | −0.01 |
| JEPI JPMorgan Equity Premium Inco | Reduce -1.4% | 0.17% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -5.3% | 0.08% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.4% | 0.13% | −0.01 |
| ZM Zoom Communications Inc. | Reduce -29.9% | 0.02% | −0.01 |
| BNY Bank of New York Mellon Corp. | Reduce -14.2% | 0.22% | −0.01 |
| VRT Vertiv Holdings Co. Class A | Reduce -30.4% | 0.02% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -20.9% | 0.02% | −0.00 |
| XLF SS Financial Select Sector | Reduce -1.9% | 0.10% | −0.00 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -3.4% | 0.06% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -1.0% | 0.19% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -0.4% | 0.05% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -7.2% | 0.05% | −0.00 |
| SSO Proshares Ultra S&P500 | Reduce -12.0% | 0.06% | −0.00 |
| VFH Vanguard Financials ETF | Reduce -5.9% | 0.03% | −0.00 |
| QLD Proshares Ultra QQQ | Reduce -12.9% | 0.06% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -2.4% | 0.39% | −0.00 |
| QUAL iShares MSCI USA Quality Fac | Reduce -6.0% | 0.03% | −0.00 |
| MCK McKesson Corp. | Reduce -2.7% | 0.06% | −0.00 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -0.9% | 0.03% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| VIK Viking Holdings Ltd. | New | 1.21% | +1.21 |
| DEO Diageo PLC-Sponsored ADR | New | 1.03% | +1.03 |
| OTIS Otis Worldwide Corp. | New | 0.93% | +0.93 |
| MAT Mattel Inc. | Add +86.9% | 1.73% | +0.58 |
| CG The Carlyle Group Inc. | Add +54.4% | 1.20% | +0.53 |
| CRH CRH PLC | Add +19.9% | 1.17% | +0.38 |
| MELI MercadoLibre Inc. | Add +73.1% | 1.16% | +0.37 |
| ICSH iShares Ultra Short Duration | Add +57.9% | 0.87% | +0.29 |
| VRTX Vertex Pharmaceuticals Inc. | Add +44.8% | 1.07% | +0.18 |
| JIRE JPMorgan Int Res Enh Eqty | Add +62.1% | 0.48% | +0.18 |
| HCA HCA Healthcare Inc. | Add +0.4% | 2.96% | +0.15 |
| BX Blackstone Inc. | Add +3.2% | 1.32% | +0.13 |
| ZTS Zoetis Inc. | Add +28.2% | 1.06% | +0.13 |
| VCRB Vanguard Core Bond ETF | Add +38.7% | 0.43% | +0.11 |
| HD Home Depot Inc. | Add +1.1% | 1.95% | +0.10 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.09% | +0.09 |
| PPL PPL Corp. | Add +0.7% | 1.54% | +0.06 |
| SCHO Schwab Short-Term US Treas | Add +8.4% | 1.72% | +0.04 |
| CVX Chevron Corp. | Add +1.8% | 0.98% | +0.04 |
| JNJ Johnson & Johnson | Add +3.4% | 0.25% | +0.04 |
| JPST JPMorgan Ultra-Short Income | Add +21.7% | 0.29% | +0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +20.6% | 0.25% | +0.04 |
| NBIS Nebius Group NV | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +23.7% | 0.08% | +0.03 |
| FBND Fidelity Total Bond ETF | Add +25.1% | 0.18% | +0.03 |
| OKTA Okta Inc. | New | 0.03% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +20.8% | 0.17% | +0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.03% | +0.03 |
| ABBV Abbvie Inc. | Add +12.9% | 0.11% | +0.03 |
| RRR Red Rock Resorts Inc. Class A | New | 0.02% | +0.02 |
| ANET Arista Networks Inc. | New | 0.02% | +0.02 |
| RHP Ryman Hospitality Properties | New | 0.02% | +0.02 |
| GDS GDS Holdings Ltd. - ADR | New | 0.02% | +0.02 |
| VLO Valero Energy Corp. | New | 0.02% | +0.02 |
| DUK Duke Energy Corp. | New | 0.02% | +0.02 |
| IWO iShares Russell 2000 Growth | New | 0.02% | +0.02 |
| FIX Comfort Systems USA Inc. | New | 0.02% | +0.02 |
| XMHQ Invesco S&P Midcap Qual ETF | New | 0.02% | +0.02 |
| IYW iShares Ustechnology ETF | New | 0.02% | +0.02 |
| CERT Certara Inc. | New | 0.02% | +0.02 |
| LVHI Franklin International Low V | Add +36.0% | 0.06% | +0.01 |
| MUB iShares National Muni Bond E | Add +8.0% | 0.34% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +14.1% | 0.11% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +7.2% | 0.12% | +0.01 |
| PG The Procter & Gamble Co. | Add +10.7% | 1.47% | +0.01 |
| SHC Sotera Health Co. | Add +58.4% | 0.02% | +0.01 |
| DFAI Dimensional International Co. | Add +16.0% | 0.09% | +0.01 |
| AVGO Broadcom Inc. | Add +0.8% | 0.08% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.5% | 0.17% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +8.2% | 0.08% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 1,400 | $933K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +9.8% | 13,435 | $16.6M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +37.3% | 442 | $566K |
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 |