Galvin, Gaustad & Stein, LLC

Name: Galvin, Gaustad & Stein, LLC 13F holdings, Q3 2025
Creator: Galvin, Gaustad & Stein, LLC
Published: 2025-10-22

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
SPY SS SPDR S&P 500 ETF Trust-US	0.09%	1,651	$1.1M	Reduce -1.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.09%	3,743	$1.1M	No change
QQQM Invesco Nasdaq 100 ETF	0.09%	4,434	$1.1M	New
XLK SS Technology Select Sector	0.09%	3,842	$1.1M	Reduce -0.2%
DFAI Dimensional International Co.	0.09%	29,731	$1.1M	Add +16.0%
PHYS Sprott Physical Gold Trust	0.08%	34,293	$1.0M	No change
VUG Vanguard Mrngstar GR ETF-Sui	0.08%	2,078	$997K	Add +8.2%
PANW Palo Alto Networks Inc.	0.08%	4,892	$996K	Add +13.7%
AVGO Broadcom Inc.	0.08%	3,002	$990K	Add +0.8%
DGX Quest Diagnostics Inc.	0.08%	5,157	$983K	Reduce -1.9%
MO Altria Group Inc.	0.08%	14,444	$954K	Add +3.7%
TSLA Tesla Inc.	0.08%	2,115	$941K	Add +23.7%
LLY Eli Lilly & Co.	0.08%	1,196	$913K	Reduce -5.3%
RTX RTX Corp.	0.07%	4,988	$835K	No change
IBIT iShares Bitcoin Trust ETF	0.07%	12,380	$805K	Add +2.5%
VOO Vanguard S&P 500 ETF	0.07%	1,296	$794K	Reduce -2.8%
VCRM Vanguard Core Tax-Ex Bond	0.07%	10,539	$793K	No change
VEU Vanguard Ftse All-World Ex-U	0.07%	11,098	$792K	No change
SSO Proshares Ultra S&P500	0.06%	6,995	$784K	Reduce -12.0%
GD General Dynamics Corp.	0.06%	2,263	$772K	Add +4.6%
QLD Proshares Ultra QQQ	0.06%	5,580	$766K	Reduce -12.9%
VCLT Vanguard Long-Term Corp. Bond	0.06%	9,698	$753K	Reduce -3.4%
WMT Walmart Inc.	0.06%	7,298	$752K	Add +0.8%
LOW Lowe's Cos Inc.	0.06%	2,748	$691K	Add +0.2%
MCK McKesson Corp.	0.06%	891	$689K	Reduce -2.7%
FNCL Fidelity MSCI Financial Indx	0.06%	8,876	$678K	Add +0.8%
LVHI Franklin International Low V	0.06%	19,274	$670K	Add +36.0%
CEG Constellation Energy	0.05%	1,994	$656K	Add +2.2%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	0.05%	10,500	$604K	No change
VGT Vanguard Info Tech ETF	0.05%	792	$591K	No change
NOW ServiceNow Inc.	0.05%	639	$588K	Add +0.5%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.05%	2,814	$587K	Reduce -7.2%
AMGN Amgen Inc.	0.05%	2,042	$576K	Add +0.1%
UPS United Parcel Service Class B	0.05%	6,730	$562K	Reduce -4.9%
IAU iShares Gold Trust	0.05%	7,655	$557K	Add +0.8%
CSCO Cisco Systems Inc.	0.05%	8,077	$553K	Reduce -0.4%
IWD iShares Russell 1000 Value E	0.04%	2,509	$511K	Add +2.3%
VIGI Vanguard Int Div App Indx FD	0.04%	5,481	$491K	Add +0.1%
XLY SS Consumer Disc Select Sect	0.04%	1,980	$475K	No change
SCMB Schwab Municipal Bond ETF	0.04%	17,628	$451K	No change
DFAC Dimensional US Core Equity 2	0.04%	11,232	$433K	Add +0.3%
FENY Fidelity MSCI Energy Index	0.03%	17,042	$421K	Add +0.1%
SBUX Starbucks Corp.	0.03%	4,929	$417K	Add +0.0%
VFH Vanguard Financials ETF	0.03%	3,168	$416K	Reduce -5.9%
SCZ iShares MSCI Eafe Small-Cap	0.03%	5,340	$410K	No change
FUTY Fidelity MSCI US Utilities	0.03%	7,000	$395K	No change
DGRW Wisdomtree U.S. Quality Divi	0.03%	4,400	$391K	No change
SCHF Schwab Intl Equity ETF	0.03%	16,652	$388K	No change
SPHQ Invesco S&P 500 Quality ETF	0.03%	5,233	$384K	Add +0.1%
QUAL iShares MSCI USA Quality Fac	0.03%	1,969	$383K	Reduce -6.0%
NBIS Nebius Group NV	0.03%	3,409	$383K	New
DE Deere & Co.	0.03%	826	$378K	Add +0.4%
ORCL Oracle Corp.	0.03%	1,335	$375K	Add +5.0%
VGLT Vanguard Long-Term Treasury	0.03%	6,460	$367K	Add +7.0%
NRG NRG Energy Inc.	0.03%	2,229	$361K	No change
EFAV iShares MSCI Eafe Min Vol Fa	0.03%	4,243	$360K	Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.03%	6,896	$356K	Add +1.0%
OKTA Okta Inc.	0.03%	3,800	$348K	New
FTEC Fidelity MSCI Info Tech Indx	0.03%	1,526	$339K	Reduce -3.0%
RSP Invesco S&P 500 Equal Weight	0.03%	1,723	$327K	Add +0.3%
RY Royal Bank of Canada	0.03%	2,200	$324K	No change
SPYM Ste STR SPDR PT S&P 500 ETF	0.03%	4,100	$321K	New
LIN Linde PLC	0.03%	666	$316K	Add +0.1%
IVW iShares S&P 500 Growth ETF	0.03%	2,612	$315K	Add +8.6%
AIG American International Group	0.03%	4,000	$314K	No change
MRK Merck & Co. Inc.	0.02%	3,562	$299K	Add +4.9%
VUSB Vanguard Ultra Short Bond Et	0.02%	5,834	$292K	Add +28.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.02%	625	$290K	No change
IWR iShares Russell Mid-Cap ETF	0.02%	2,964	$286K	No change
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.02%	960	$282K	No change
VRT Vertiv Holdings Co. Class A	0.02%	1,858	$280K	Reduce -30.4%
RRR Red Rock Resorts Inc. Class A	0.02%	4,580	$280K	New
ANET Arista Networks Inc.	0.02%	1,915	$279K	New
LMT Lockheed Martin Corp.	0.02%	556	$278K	Add +0.2%
IWM iShares Russell 2000 ETF	0.02%	1,145	$277K	No change
VBK Van Morst SML-Cap Gro-Usd Inc.	0.02%	930	$277K	Add +7.6%
SHC Sotera Health Co.	0.02%	17,511	$275K	Add +58.4%
SCHA Schwab US Small-Cap ETF	0.02%	9,825	$274K	Reduce -0.6%
RHP Ryman Hospitality Properties	0.02%	3,022	$271K	New
SPLV Invesco S&P 500 Low Volatili	0.02%	3,670	$270K	No change
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD	0.02%	6,951	$269K	New
FREL Fidelity MSCI RL Est Indx	0.02%	9,402	$261K	Add +21.4%
LH Labcorp Holdings Inc.	0.02%	899	$258K	Reduce -20.9%
EFA iShares MSCI Eafe ETF	0.02%	2,692	$251K	No change
IWS iShares Russell Mid-Cap Valu	0.02%	1,789	$250K	Add +12.4%
VLO Valero Energy Corp.	0.02%	1,450	$247K	New
VYM Vanguard High DVD Yield ETF	0.02%	1,750	$247K	No change
WFC Wells Fargo & Co.	0.02%	2,893	$242K	Add +9.2%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd	0.02%	2,295	$233K	No change
DYNF Ishrs US E F R A ETF-Usd Inc.	0.02%	3,869	$229K	Add +1.6%
INTU Intuit Inc.	0.02%	332	$227K	No change
IWB iShares Russell 1000 ETF	0.02%	617	$226K	No change
AMAT Applied Materials Inc.	0.02%	1,100	$225K	No change
DUK Duke Energy Corp.	0.02%	1,813	$224K	New
ZM Zoom Communications Inc.	0.02%	2,690	$222K	Reduce -29.9%
NFLX Netflix Inc.	0.02%	184	$221K	Add +2.2%
IWO iShares Russell 2000 Growth	0.02%	679	$217K	New
FIX Comfort Systems USA Inc.	0.02%	259	$214K	New
XMHQ Invesco S&P Midcap Qual ETF	0.02%	2,000	$210K	New
IYW iShares Ustechnology ETF	0.02%	1,050	$206K	New
MDLZ Mondelez International Inc. Class A	0.02%	3,246	$203K	No change
CERT Certara Inc.	0.02%	16,513	$202K	New
TNYA Tenaya Therapeutics Inc.	0.00%	11,000	$18K	No change

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