Garden State Investment Advisory Services LLC

Name: Garden State Investment Advisory Services LLC 13F holdings, Q4 2025
Creator: Garden State Investment Advisory Services LLC
Published: 2026-02-17

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Garden State Investment Advisory Services LLC reported 289 stock positions worth $420.9 million. Its top holding was Invesco Large Cap Growth ETF (PWB) at 5.0% of the portfolio, followed by Nvidia (NVDA, 4.7%) and Equable Shares HDG Eqty ETF (HEDG, 3.8%). Compared with Q3 2025, it opened 39 new positions, sold out of 29, added to 109 and reduced 115. The biggest buy was a new position in Equable Shares HDG Eqty ETF (HEDG) and the biggest sale Invesco Equal Weight 0-30 YR (GOVI, shares −46%).

Most Recent 13F: Q2 2026
Location: Red Bank, NJ
CIK: 0001965351
Portfolio Value: $420.9M (Q4 2025)
SEC Filing: 0001172661-26-001111 ↗ filed Feb 17, 2026

Holdings Value

Holdings 289 stocks · $420.9M


PWB Invesco Large Cap Growth ETF	5.00%	165,654	$21.1M	Add +6.2%
NVDA Nvidia Corp.	4.70%	105,999	$19.8M	Add +2.0%
HEDG Equable Shares HDG Eqty ETF	3.77%	540,693	$15.9M	New
QQQ Invesco QQQ Trust Series 1	3.21%	21,973	$13.5M	Reduce -4.3%
AMZN Amazon.com Inc.	2.77%	50,422	$11.6M	Reduce -0.1%
TSPA T Rowe Price US Eqy Research	2.76%	271,178	$11.6M	Add +30.3%
META Meta Platforms Inc. Class A	2.70%	17,166	$11.3M	Add +9.1%
AAPL Apple Inc.	2.64%	40,808	$11.1M	Add +2.3%
TCAF T Rowe PRC Cap Appreciation	2.01%	221,117	$8.5M	Add +1.2%
JEPI JPMorgan Equity Premium Inco	1.82%	132,974	$7.7M	Reduce -0.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	1.61%	116,161	$6.8M	Add +0.3%
AVGO Broadcom Inc.	1.60%	19,483	$6.8M	Add +10.6%
SPY SS SPDR S&P 500 ETF Trust-US	1.53%	9,459	$6.5M	Reduce -3.2%
RWL Invesco S&P 500 Revenue ETF	1.49%	54,804	$6.3M	Add +231.1%
MSFT Microsoft Corp.	1.48%	12,865	$6.2M	Add +5.9%
IJH iShares Core S&P Midcap ETF	1.47%	93,737	$6.2M	Add +50.4%
RSP Invesco S&P 500 Equal Weight	1.36%	29,719	$5.7M	Reduce -4.4%
PLTR Palantir Technologies Inc. Class A	1.31%	31,121	$5.5M	Add +1.0%
JIRE JPMorgan Int Res Enh Eqty	1.28%	71,744	$5.4M	Add +16.2%
BUFF Innovator Laddered Allocatio	1.20%	101,622	$5.1M	Reduce -0.3%
VIG Vanguard Dividend Apprec ETF	1.11%	21,224	$4.7M	Reduce -2.3%
GOOG Alphabet Inc. Class C	1.10%	14,809	$4.6M	Reduce -5.2%
GOOGL Alphabet Inc. Class A	1.01%	13,606	$4.3M	Add +9.6%
PXF Invesco Rafi Developed Marke	1.01%	64,786	$4.2M	Add +8.3%
GOVI Invesco Equal Weight 0-30 YR	0.96%	147,422	$4.1M	Reduce -45.8%
BRK.B Berkshire Hathaway Inc. Class B	0.88%	7,404	$3.7M	Add +2.3%
LLY Eli Lilly & Co.	0.88%	3,440	$3.7M	Add +7.9%
TSLA Tesla Inc.	0.88%	8,223	$3.7M	Reduce -4.6%
ICLO Invesco Aaa Clo F/R Note ETF	0.87%	142,671	$3.6M	Add +14.0%
AIRR First Trust Rba American Ind	0.86%	36,956	$3.6M	Reduce -23.4%
FDN First Trust DJ Internet Ind	0.85%	13,219	$3.6M	Reduce -1.9%
SCHD Schwab US DVD Equity ETF	0.81%	123,674	$3.4M	Reduce -8.5%
TMSL T.rowe PRC Small-Mid Cap ETF	0.80%	94,079	$3.4M	Add +44.0%
SPYI Neos S&P 500 High Income ETF	0.80%	63,745	$3.3M	Add +3.0%
DEUS Xtrackers Russell US Multi	0.74%	53,515	$3.1M	Reduce -3.6%
HYTI FT VST High YLD & Tar in ETF	0.74%	157,185	$3.1M	Add +40.5%
VWO Vanguard Ftse Emerging Marke	0.74%	57,562	$3.1M	Add +4.1%
SMH Vaneck Semiconductor ETF	0.72%	8,392	$3.0M	Add +22.1%
SPSM SS SPDR P S&P 600 Small Cap	0.71%	63,372	$3.0M	Reduce -1.0%
IXUS iShares Core Intl Stock ETF	0.68%	33,720	$2.9M	Add +4.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.68%	9,790	$2.8M	Reduce -0.2%
IWM iShares Russell 2000 ETF	0.67%	11,488	$2.8M	Reduce -10.1%
IVV iShares Core S&P 500 ETF	0.66%	4,040	$2.8M	Add +0.4%
EMB iShares JP Morgan Usd Emergi	0.65%	28,151	$2.7M	Add +21.2%
XLF SS Financial Select Sector	0.62%	47,343	$2.6M	Add +11.5%
JPST JPMorgan Ultra-Short Income	0.61%	50,230	$2.5M	Add +11.1%
AMD Advanced Micro Devices	0.60%	11,800	$2.5M	Reduce -1.2%
NFLX Netflix Inc.	0.60%	26,805	$2.5M	Add +1.6%
MGK Vngrd Mrgstr MG CP GR ETF-Ui	0.57%	5,829	$2.4M	Add +4.9%
GRID First TRST Nasd Class Edg Sgiif	0.56%	15,513	$2.4M	Add +327.2%
MDYV SS SPDR S&P 400 MC Val ETF	0.52%	25,828	$2.2M	Reduce -6.9%
FXO First Trust Financial Alphad	0.46%	32,298	$1.9M	Reduce -3.0%
UBER Uber Technologies Inc.	0.42%	21,473	$1.8M	Add +20.9%
FV First Trust DW Focus 5 Fund	0.41%	27,499	$1.7M	Reduce -6.1%
PSEP Innovator U.S. Equity Power	0.41%	39,546	$1.7M	Reduce -7.5%
JPM JPMorgan Chase & Co.	0.40%	5,220	$1.7M	Reduce -2.5%
MOAT Vaneck Morningstar Wide Moat	0.40%	16,061	$1.7M	Reduce -41.3%
TRPA Hartford Aaa Clo ETF	0.38%	41,392	$1.6M	Reduce -25.3%
APP AppLovin Corp. Class A	0.38%	2,364	$1.6M	Reduce -13.4%
VOO Vanguard S&P 500 ETF	0.37%	2,468	$1.6M	Add +1.1%
TLT iShares 20+ Year Treasury BD	0.37%	17,628	$1.5M	Reduce -14.9%
CEG Constellation Energy	0.36%	4,223	$1.5M	Add +3.5%
QQQI Neos Nasdaq-100 High Inc. ETF	0.35%	26,998	$1.5M	Add +12.3%
TSM Taiwan Semiconductor-SP ADR	0.32%	4,446	$1.4M	Add +18.4%
RKLB Rocket Lab Corp.	0.32%	19,397	$1.4M	Reduce -8.3%
IWMI Neos Russell 2000 High Inc.	0.32%	27,405	$1.3M	Add +22.4%
PZA Invesco National Amt-Free Mu	0.32%	57,327	$1.3M	Add +1.0%
RDVI FT Vest Rising Dividend Achi	0.30%	47,931	$1.3M	Add +10.9%
XYLD Global X S&P 500 Cove Call E	0.30%	30,659	$1.2M	Add +25.6%
XLC SS Comm Select Sector SPDR	0.29%	10,429	$1.2M	Add +32.1%
SLQD iShares 0-5 YR Inv GRD Corp.	0.29%	24,183	$1.2M	Reduce -3.9%
JCPB JPMorgan Core Plus Bond ETF	0.29%	25,561	$1.2M	Reduce -17.9%
BINC iShares Flex I A ETF-Usd Inc.	0.28%	22,510	$1.2M	Add +3.1%
COWZ Pacer US Cash Cows 100 ETF	0.27%	18,794	$1.1M	Reduce -11.2%
GRNY Fundstr Gran SH US LRG Cap	0.27%	45,746	$1.1M	Add +10.6%
CIBR First Trust Nasdaq Cybersecu	0.26%	15,279	$1.1M	Add +1.2%
UNHG Leverage Shares 2X Unh	0.26%	58,008	$1.1M	Reduce -3.8%
AGG iShares Core U.S. Aggregate	0.26%	10,809	$1.1M	Add +92.0%
XOM Exxon Mobil Corp.	0.25%	8,873	$1.1M	Reduce -1.8%
VCSH Vanguard S/T Corp. Bond ETF	0.25%	13,385	$1.1M	Add +2.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.25%	9,187	$1.1M	Reduce -14.6%
GLD SPDR Gold Shares	0.25%	2,652	$1.1M	Add +2.4%
FTSL First Trust Senior Loan ETF	0.25%	22,887	$1.1M	Add +33.8%
WMT Walmart Inc.	0.25%	9,357	$1.0M	Add +11.6%
CSCO Cisco Systems Inc.	0.24%	13,023	$1.0M	Add +6.0%
HD Home Depot Inc.	0.22%	2,715	$935K	Add +0.6%
MDY State Street SPDR S&P Midcap	0.22%	1,531	$929K	Reduce -66.9%
VTI VG Morningstar TS MKT ETF-US	0.22%	2,743	$920K	Add +24.9%
TSEM Tower Semiconductor Ltd.	0.22%	7,828	$919K	Reduce -4.8%
JAAA Janus Henderson Aaa Clo ETF	0.21%	17,823	$902K	Reduce -33.5%
IWP iShares Russell Mid-Cap Grow	0.21%	6,557	$898K	Reduce -1.1%
CALF PCR US SM CP CSH CWS ETF-Usd	0.21%	19,842	$880K	Reduce -38.4%
V Visa Inc. Class A	0.21%	2,463	$867K	Reduce -8.3%
CRWD CrowdStrike Holdings Inc. Class A	0.20%	1,823	$855K	Reduce -12.7%
BBIO Bridgebio Pharma Inc.	0.20%	11,082	$848K	Reduce -0.1%
INTU Intuit Inc.	0.19%	1,231	$818K	Reduce -6.3%
PWR Quanta Services Inc.	0.19%	1,935	$817K	Add +4.5%
VGT Vanguard Info Tech ETF	0.19%	1,076	$812K	Add +79.9%
PDI PIMCO Dynamic Income Fund	0.19%	45,840	$812K	Reduce 0.0%
TER Teradyne Inc.	0.19%	4,153	$804K	Add +0.1%
TDVG T Rowe Price Dividend Growth	0.19%	17,718	$798K	Add +4.9%
QYLD Global X Nasd 100 Cov Call	0.19%	44,911	$794K	Reduce -0.1%
BSEP Innovator U.S. Equity Buffer	0.19%	16,050	$790K	No change
ORCL Oracle Corp.	0.19%	4,015	$783K	Add +86.7%
ISRG Intuitive Surgical Inc.	0.18%	1,365	$773K	Add +6.1%
VZ Verizon Communications Inc.	0.18%	18,915	$771K	Reduce -3.3%
COST Costco Wholesale Corp.	0.18%	879	$760K	Reduce -15.6%
DAPP Vaneck Digital Transformatio	0.18%	44,600	$737K	No change
BX Blackstone Inc.	0.17%	4,523	$699K	Reduce -9.2%
MU Micron Technology Inc.	0.16%	2,398	$687K	Reduce -11.6%
XLE SS Energy Select Sector	0.16%	15,214	$681K	Add +3.5%
ETF OPPORTUNITIES TRUST	0.16%	18,776	$679K	Add +11.1%
T AT&T Inc.	0.16%	27,219	$676K	Reduce -38.6%
CVX Chevron Corp.	0.16%	4,351	$664K	Add +105.8%
CPSL Calm Lad S&P 500 STR A P ETF	0.16%	24,365	$663K	Add +16.4%
FXU First Trust Utilities Alphad	0.16%	14,705	$662K	Add +6.4%
UJUN Innovator U.S. Equity Ultra	0.15%	17,235	$645K	No change
GOVT iShares US Treasury Bond ETF	0.15%	27,922	$643K	Add +108.1%
ABBV Abbvie Inc.	0.15%	2,712	$621K	Reduce -0.3%
SRLN SS Blackstone Sr Loan ETF	0.15%	14,858	$613K	Add +20.8%
CRM Salesforce Inc.	0.14%	2,294	$609K	Reduce -27.4%
TCAL T Rowe Pre CPT Apr PR in ETF	0.14%	25,532	$602K	Add +46.7%
GE General Electric filed as GE AEROSPACE	0.14%	1,944	$600K	Add +156.1%
MO Altria Group Inc.	0.14%	10,380	$599K	Reduce -5.0%
OSCR Oscar Health Inc. Class A	0.14%	41,047	$590K	Reduce -4.6%
JNJ Johnson & Johnson	0.14%	2,807	$582K	Add +0.1%
HIMU iShares High Yild Muni A ETF	0.14%	11,907	$580K	Reduce -6.1%
CAT Caterpillar Inc.	0.14%	1,001	$574K	Reduce -14.7%
UDEC Innovator U.S. Equity Ultra	0.14%	14,401	$571K	Reduce -1.4%
PJUN Innovator U.S. Equity Power	0.14%	13,585	$569K	No change
GOF Guggenheim Strategic Opport	0.13%	43,478	$560K	Reduce -16.2%
GPIX GLDM SA S&P 500 PR in ETF-US	0.13%	10,452	$552K	New
WCMI FT WCM International ETF	0.13%	32,425	$552K	Add +85.3%
UTF Cohen & Steers Infrastructur	0.13%	22,864	$551K	Reduce -9.4%
VEA Vanguard Ftse Developed ETF	0.13%	8,609	$538K	Add +7.1%
PANW Palo Alto Networks Inc.	0.13%	2,895	$533K	Reduce -11.9%
IBIT iShares Bitcoin Trust ETF	0.13%	10,693	$531K	Reduce -32.2%
ADC Agree Realty Corp.	0.13%	7,329	$528K	No change
GDX Vaneck Gold Miners ETF	0.12%	6,034	$518K	Add +22.7%
FDL First Trust Morn DVD Lead Inc.	0.12%	11,505	$510K	Add +3.3%
XLG Invesco S&P 500 Top 50 ETF	0.12%	8,498	$504K	Add +12.2%
USEP Innovator U.S. Equity Ultra	0.12%	12,665	$498K	No change
VCIT Vanguard Int-Term Corporate	0.12%	5,922	$496K	Add +9.2%
PDEC Innovator U.S. Equity Power	0.12%	11,404	$495K	Add +2.9%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F	0.11%	9,424	$481K	Add +8.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.11%	8,477	$466K	Reduce -29.4%
VMO Invesco Municipal Opport	0.11%	48,600	$465K	Add +181.7%
NEE Nextera Energy Inc.	0.11%	5,761	$463K	Add +0.9%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.11%	5,505	$461K	No change
VDC Vanguard Consumer Staple ETF	0.11%	2,160	$458K	Reduce -3.6%
BA The Boeing Co.	0.11%	2,103	$457K	Reduce -21.5%
PAPR Innovator U.S. Equity Power	0.11%	11,670	$457K	No change
BKLN Invesco Senior Loan ETF	0.11%	21,460	$451K	Add +65.7%
VRT Vertiv Holdings Co. Class A	0.11%	2,752	$446K	New
MSTR Strategy Inc.	0.11%	2,930	$445K	Add +2.3%
RGLO Russell Invest GLB Eq-Usd Inc.	0.10%	14,841	$441K	Add +28.6%
WEEL Peerless Option Income Wheel	0.10%	21,850	$438K	New
ARCC Ares Capital Corp.	0.10%	21,540	$436K	No change
CLM Cornerstone Strategic Invest	0.10%	52,080	$436K	Add +5.8%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.10%	11,460	$435K	New
PFE Pfizer Inc.	0.10%	17,090	$426K	Reduce -11.9%
GGN Gamco GLBL Gold NTRL Res Inc.	0.10%	82,260	$424K	Reduce -13.6%
XLK SS Technology Select Sector	0.10%	2,895	$417K	Add +42.9%
XLV SS Health Care Select Sector	0.10%	2,678	$416K	Add +31.2%
RDVY First Trust Rising Dividend	0.10%	5,970	$415K	Reduce -20.4%
RTX RTX Corp.	0.10%	2,210	$406K	Reduce -3.5%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.10%	1,335	$403K	Reduce -2.4%
ETJ Eaton Vance RSK-MGD Divers	0.10%	45,688	$403K	Reduce -0.3%
MP MP Materials Corp.	0.10%	7,939	$401K	New
CRWV Coreweave Inc. Class A	0.10%	5,598	$401K	Add +82.0%
MHD BlackRock Muniholdings Fund	0.10%	34,122	$401K	No change
ZETA Zeta Global Holdings Corp. Class A	0.10%	19,673	$400K	Reduce -25.1%
MA Mastercard Inc. Class A	0.09%	696	$398K	No change
QCOM Qualcomm Inc.	0.09%	2,318	$398K	Reduce -4.1%
ILDR First Trust Innovation Leade	0.09%	12,050	$398K	New
GHC Graham Holdings Co. Class B	0.09%	350	$385K	Reduce -6.7%
MTCH Match Group Inc.	0.09%	11,888	$384K	Reduce -1.6%
ZECP Zacks Earnings Consistent Po	0.09%	10,826	$379K	New
CAIE Calamos Autocallable Inc. ETF	0.09%	14,171	$379K	New
PCEF Invesco Cef Income Composite	0.09%	18,941	$377K	No change
GLW Corning Inc.	0.09%	4,285	$375K	Reduce -37.2%
DECT Allianzim US Eq BFFR10 DC-US	0.09%	10,200	$374K	No change
AUMI Themes Gold Miners ETF	0.09%	3,973	$365K	Reduce -0.8%
DECW Alianzim US Eq BFR20 Dec-Usd	0.09%	10,750	$365K	No change
CBXO Calamos Bitcoin 90 STR-Oct	0.09%	15,768	$361K	New
BIDU Baidu Inc. - Spon ADR	0.08%	2,720	$355K	New
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.08%	3,183	$351K	Reduce -2.5%
MCD McDonald's Corp.	0.08%	1,137	$350K	Reduce -3.4%
TPL Texas Pacific Land Corp.	0.08%	1,207	$347K	New
CI The Cigna Group	0.08%	1,257	$347K	Reduce -0.5%
AUR Aurora Innovation Inc.	0.08%	90,001	$346K	Add +3.3%
URA Global X Uranium ETF	0.08%	8,070	$345K	Reduce -27.6%
MGC Vngrd Mrngstr MG Cap ETF-Usd	0.08%	1,369	$344K	Add +0.1%
MGV Vngrd Mrgstr MG CP VL ETF-Ui	0.08%	2,436	$344K	Reduce -13.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.08%	1,135	$336K	Reduce -40.9%
FSK FS KKR Capital Corp.	0.08%	22,535	$334K	Reduce -25.5%
F Ford Motor Co. filed as FORD MTR CO	0.08%	24,636	$323K	Reduce -21.9%
XLI SS Industrial Select Sector	0.08%	2,062	$321K	Reduce -18.4%
SOFI Sofi Technologies Inc.	0.08%	12,206	$320K	Reduce -3.2%
EQT Eqt Corp.	0.07%	5,868	$315K	New
NOG Northern Oil and Gas Inc.	0.07%	14,650	$315K	Add +16.5%
IJR iShares Core S&P Small-Cap E	0.07%	2,607	$313K	Add +0.1%
GPZ Vaneck Alt Asset Manager ETF	0.07%	11,524	$313K	Add +51.5%
CARR Carrier Global Corp.	0.07%	5,748	$305K	Reduce -3.5%
BUFR FT Vest Lad Buffervetf-Usd I	0.07%	8,850	$303K	No change
POCT Innovator U.S. Equity Power	0.07%	6,800	$299K	Reduce -1.9%
MELI MercadoLibre Inc.	0.07%	148	$298K	Reduce -3.9%
INVESTMENT MANAGERS SER TR	0.07%	28,792	$297K	New
PWV Invesco Large Cap Value ETF	0.07%	4,451	$296K	Add +22.3%
IVW iShares S&P 500 Growth ETF	0.07%	2,400	$296K	No change
SDY SS SPDR S&P Dividend ETF	0.07%	2,107	$293K	Reduce -43.6%
ZALT Innovator US Eq 10 Buffer	0.07%	8,997	$293K	Reduce -21.0%
SPYV SS SPDR P S&P 500 Value ETF	0.07%	5,146	$292K	Reduce -36.4%
XEXGX Eaton Vance Tax-Managed Glob	0.07%	30,374	$289K	Reduce -2.4%
UFEB Innovator U.S. Equity Ultra	0.07%	7,850	$289K	No change
GILD Gilead Sciences Inc.	0.07%	2,331	$286K	Reduce -12.9%
AAPR Ino Eq Po ETF 2YR AP2028-Usd	0.07%	10,075	$286K	Reduce -9.8%
ARKQ ARK Autonomous Tech & Robot	0.07%	2,458	$282K	Add +15.7%
PM Philip Morris International	0.07%	1,752	$282K	Add +0.6%
VCR Vanguard Consumer Discre ETF	0.07%	710	$281K	Reduce -0.1%
OUNZ Vaneck Merk Gold ETF	0.07%	6,746	$280K	New
SHOP Shopify Inc. Class A	0.07%	1,738	$280K	Reduce -8.0%
GWW WW Grainger Inc.	0.07%	277	$280K	No change
ASML ASML Holding NV-NY Reg SHS	0.07%	259	$277K	Add +14.1%
NFXL Dirxn DLY NFLX Bull 2X-US Inc.	0.07%	9,020	$276K	New
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.07%	981	$274K	No change
VYM Vanguard High DVD Yield ETF	0.06%	1,881	$270K	Reduce -33.3%
FPE FT-Preferred Secur & Inc. ETF	0.06%	14,693	$268K	No change
PULS Pgim Ultra Short Bond ETF	0.06%	5,259	$262K	Reduce -7.2%
VPU Vanguard Utilities ETF	0.06%	1,380	$256K	Add +3.7%
XTOC Innovator US Eqy Accel PL-Oc	0.06%	7,615	$255K	New
NLY Annaly Capital Management Inc.	0.06%	11,362	$254K	Add +0.4%
PRU Prudential Financial Inc.	0.06%	2,228	$252K	Add +0.8%
LUMN Lumen Technologies Inc.	0.06%	31,950	$248K	Add +54.4%
WFC Wells Fargo & Co.	0.06%	2,620	$245K	New
ETN Eaton Corp. PLC	0.06%	767	$245K	Reduce -0.1%
MISL First Trust Indxx Aero & Def	0.06%	5,715	$245K	New
IVE iShares S&P 500 Value ETF	0.06%	1,143	$242K	No change
VNLA Janus Henderson Short Durati	0.06%	4,876	$240K	Add +1.6%
MGM MGM Resorts International	0.06%	6,555	$239K	Reduce -3.0%
DVY iShares Select Dividend ETF	0.06%	1,677	$237K	Add +0.8%
VUG Vanguard Mrngstar GR ETF-Sui	0.06%	485	$237K	No change
BAB Invesco Taxable Municipal Bo	0.06%	8,674	$236K	No change
PAUG Innovator U.S. Equity Power	0.06%	5,450	$236K	No change
UNH Unitedhealth Group Inc.	0.06%	710	$235K	Reduce -27.6%
BSMS Invesco Bulletshares 2028 MB	0.06%	9,858	$232K	New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.05%	13,605	$228K	Reduce -17.0%
KKR KKR & Co. Inc.	0.05%	1,782	$227K	Add +3.0%
IWD iShares Russell 1000 Value E	0.05%	1,079	$227K	New
PYPL PayPal Holdings Inc.	0.05%	3,882	$227K	Reduce -6.1%
AMAT Applied Materials Inc.	0.05%	876	$226K	Reduce -23.6%
AMGN Amgen Inc.	0.05%	689	$226K	New
GOOY Yieldmax Googl Option Income	0.05%	15,451	$226K	Add +6.4%
FMAR FT Vest US Equity Buffer ETF	0.05%	4,750	$225K	No change
INTC Intel Corp.	0.05%	6,093	$225K	Reduce -7.1%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.05%	7,806	$223K	Reduce -10.9%
XETYX Eaton Vance Tax-MGD Div Eqty	0.05%	14,523	$223K	Add +0.4%
LRCX Lam Research Corp.	0.05%	1,295	$223K	Reduce -31.8%
SPYD SS SPDR P S&P 500 Hi Div ETF	0.05%	5,138	$222K	New
BSX Boston Scientific Corp.	0.05%	2,322	$221K	New
OHI Omega Healthcare Investors	0.05%	4,856	$216K	Add +1.3%
JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F	0.05%	3,347	$216K	Add +2.6%
IHDG Wisdomtree International Hed	0.05%	4,426	$215K	Reduce -40.6%
EOS Eaton Vance Enh Eqt Inc. II	0.05%	9,131	$214K	New
DOCU Docusign Inc.	0.05%	3,087	$211K	Add +1.9%
MRCC Monroe Capital Corp.	0.05%	33,039	$210K	Reduce -44.8%
IWY iShares Russell Top 200 Grow	0.05%	759	$210K	New
BTT BlackRock 2030 Muni TRGT TRM	0.05%	9,200	$210K	No change
PNOV Innovator U.S. Equity Power	0.05%	4,957	$207K	New
NKE Nike Inc. Class B	0.05%	3,229	$207K	Reduce -23.1%
CMCSA Comcast Corp. Class A	0.05%	6,821	$204K	New
ROKU Roku Inc.	0.05%	1,875	$203K	Reduce -0.2%
AMZA Infracap MLP ETF	0.05%	5,143	$203K	Reduce -19.7%
INVESTMENT MANAGERS SER TR I	0.05%	13,501	$203K	New
XBI SS SPDR S&P Biotech ETF	0.05%	1,660	$203K	New
FTMH FR Muni High Yield ETF	0.05%	17,059	$197K	New
PSEC Prospect Capital Corp.	0.04%	67,373	$175K	Reduce -0.1%
CLX Clorox Company	0.04%	1,715	$173K	New
ADBE Adobe Inc.	0.03%	403	$141K	Add +205.3%
AGNC AGNC Investment Corp.	0.03%	12,694	$136K	Add +9.5%
XLP SS Consumer Staples Sel Sect	0.03%	1,382	$107K	New
SVM Silvercorp Metals Inc.	0.02%	11,218	$94K	New
TIDAL TRUST II	0.02%	18,952	$73K	New
XJQCX Nuveen Credit Strategies Inc.	0.02%	12,861	$65K	Add +0.4%
TGT Target Corp.	0.01%	591	$58K	New
CNTN Canton Strategic Holdings Inc. filed as THARIMMUNE INC	0.01%	15,197	$46K	New
FISV Fiserv Inc.	0.01%	561	$38K	Reduce -30.1%
AFRM Affirm Holdings Inc.	0.01%	354	$26K	New
KVUE Kenvue Inc.	0.00%	335	$6K	New

Options reported separately and not counted above: PLTR puts ($15.8M), META calls ($1.7M), SPY puts ($1.7M), CMCSA calls ($1.4M), MU calls ($1.3M), AMD calls ($1.2M), AMZN calls ($1.1M), UBER calls ($1.1M), AFRM calls ($633K), DIS calls ($603K), MU puts ($571K), CRM calls ($530K), and 23 more.

Other holdings (1): bonds, preferreds, convertibles and warrants · $53K (not counted above)

Security	Class	Shares / Principal	Value	Change
HTZWW Hertz Global Hldgs Inc. -CW51	*W EXP 06/30/205	19,800	$53K	Reduce -16.8%

Total filed on the 13F, all lines: $421.0M.

Portfolio Sells Q3 2025 → Q4 2025


GOVI Invesco Equal Weight 0-30 YR	Reduce -45.8%	0.96%	−0.95
GDXJ Vaneck Junior Gold Miners	Sold out	0.00%	−0.77
SSRM SSR Mining Inc.	Sold out	0.00%	−0.73
MDY State Street SPDR S&P Midcap	Reduce -66.9%	0.22%	−0.48
AIRR First Trust Rba American Ind	Reduce -23.4%	0.86%	−0.32
MOAT Vaneck Morningstar Wide Moat	Reduce -41.3%	0.40%	−0.29
QQQ Invesco QQQ Trust Series 1	Reduce -4.3%	3.21%	−0.28
ASTS Ast Spacemobile Inc.	Sold out	0.00%	−0.17
TRPA Hartford Aaa Clo ETF	Reduce -25.3%	0.38%	−0.16
T AT&T Inc.	Reduce -38.6%	0.16%	−0.16
VSTA Vasta Platform Ltd.	Sold out	0.00%	−0.16
SPHR Sphere Entertainment Co.	Sold out	0.00%	−0.16
CALF PCR US SM CP CSH CWS ETF-Usd	Reduce -38.4%	0.21%	−0.15
ETHA iShares Ethereum Trust ETF	Sold out	0.00%	−0.15
CNC Centene Corp.	Sold out	0.00%	−0.14
RSP Invesco S&P 500 Equal Weight	Reduce -4.4%	1.36%	−0.14
IBIT iShares Bitcoin Trust ETF	Reduce -32.2%	0.13%	−0.13
JAAA Janus Henderson Aaa Clo ETF	Reduce -33.5%	0.21%	−0.13
FIW First Trust Water ETF	Sold out	0.00%	−0.13
SCHD Schwab US DVD Equity ETF	Reduce -8.5%	0.81%	−0.13
JEPI JPMorgan Equity Premium Inco	Reduce -0.8%	1.82%	−0.12
APP AppLovin Corp. Class A	Reduce -13.4%	0.38%	−0.12
SILJ Amplify Junior Silver Miners	Sold out	0.00%	−0.12
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -3.2%	1.53%	−0.11
IWM iShares Russell 2000 ETF	Reduce -10.1%	0.67%	−0.11
FDN First Trust DJ Internet Ind	Reduce -1.9%	0.85%	−0.11
TLT iShares 20+ Year Treasury BD	Reduce -14.9%	0.37%	−0.10
COHR Coherent Corp.	Sold out	0.00%	−0.10
CIEN Ciena Corp.	Sold out	0.00%	−0.10
TSLA Tesla Inc.	Reduce -4.6%	0.88%	−0.09
UMAR Innovator U.S. Equity Ultra	Sold out	0.00%	−0.09
JCPB JPMorgan Core Plus Bond ETF	Reduce -17.9%	0.29%	−0.09
PHYL Pgim Active High Yield Bond	Sold out	0.00%	−0.08
VIG Vanguard Dividend Apprec ETF	Reduce -2.3%	1.11%	−0.08
PNC PNC Financial Services Group	Sold out	0.00%	−0.08
JD Jd.com Inc.-ADR	Sold out	0.00%	−0.08
DEUS Xtrackers Russell US Multi	Reduce -3.6%	0.74%	−0.08
MRK Merck & Co. Inc.	Sold out	0.00%	−0.07
MS Morgan Stanley	Sold out	0.00%	−0.07
OSCR Oscar Health Inc. Class A	Reduce -4.6%	0.14%	−0.07
UNHG Leverage Shares 2X Unh	Reduce -3.8%	0.26%	−0.07
MDYV SS SPDR S&P 400 MC Val ETF	Reduce -6.9%	0.52%	−0.07
COST Costco Wholesale Corp.	Reduce -15.6%	0.18%	−0.06
SNAP Snap Inc. Class A	Sold out	0.00%	−0.06
GOF Guggenheim Strategic Opport	Reduce -16.2%	0.13%	−0.06
SDY SS SPDR S&P Dividend ETF	Reduce -43.6%	0.07%	−0.06
DIS The Walt Disney Co.	Reduce -14.6%	0.25%	−0.06
FXR First Trust Indst/Producers	Sold out	0.00%	−0.06
ARKK ARK Innovation ETF	Sold out	0.00%	−0.06
IBM Intl Business Machines Corp.	Reduce -40.9%	0.08%	−0.06

Portfolio Buys Q3 2025 → Q4 2025


HEDG Equable Shares HDG Eqty ETF	New	3.77%	+3.77
RWL Invesco S&P 500 Revenue ETF	Add +231.1%	1.49%	+1.03
TSPA T Rowe Price US Eqy Research	Add +30.3%	2.76%	+0.55
IJH iShares Core S&P Midcap ETF	Add +50.4%	1.47%	+0.44
GRID First TRST Nasd Class Edg Sgiif	Add +327.2%	0.56%	+0.43
LLY Eli Lilly & Co.	Add +7.9%	0.88%	+0.26
GOOGL Alphabet Inc. Class A	Add +9.6%	1.01%	+0.25
TMSL T.rowe PRC Small-Mid Cap ETF	Add +44.0%	0.80%	+0.22
HYTI FT VST High YLD & Tar in ETF	Add +40.5%	0.74%	+0.17
SMH Vaneck Semiconductor ETF	Add +22.1%	0.72%	+0.15
AVGO Broadcom Inc.	Add +10.6%	1.60%	+0.13
GPIX GLDM SA S&P 500 PR in ETF-US	New	0.13%	+0.13
JIRE JPMorgan Int Res Enh Eqty	Add +16.2%	1.28%	+0.13
AGG iShares Core U.S. Aggregate	Add +92.0%	0.26%	+0.11
VRT Vertiv Holdings Co. Class A	New	0.11%	+0.11
WEEL Peerless Option Income Wheel	New	0.10%	+0.10
TTD Trade Desk Inc./the Class A	New	0.10%	+0.10
MP MP Materials Corp.	New	0.10%	+0.10
ILDR First Trust Innovation Leade	New	0.09%	+0.09
CAIE Calamos Autocallable Inc. ETF	New	0.09%	+0.09
ZECP Zacks Earnings Consistent Po	New	0.09%	+0.09
CBXO Calamos Bitcoin 90 STR-Oct	New	0.09%	+0.09
EMB iShares JP Morgan Usd Emergi	Add +21.2%	0.65%	+0.09
GE General Electric	Add +156.1%	0.14%	+0.08
BIDU Baidu Inc. - Spon ADR	New	0.08%	+0.08
TPL Texas Pacific Land Corp.	New	0.08%	+0.08
PXF Invesco Rafi Developed Marke	Add +8.3%	1.01%	+0.08
VGT Vanguard Info Tech ETF	Add +79.9%	0.19%	+0.08
CVX Chevron Corp.	Add +105.8%	0.16%	+0.07
EQT Eqt Corp.	New	0.07%	+0.07
GOVT iShares US Treasury Bond ETF	Add +108.1%	0.15%	+0.07
INVESTMENT MANAGERS SER TR	New	0.07%	+0.07
VMO Invesco Municipal Opport	Add +181.7%	0.11%	+0.07
OUNZ Vaneck Merk Gold ETF	New	0.07%	+0.07
NFXL Dirxn DLY NFLX Bull 2X-US Inc.	New	0.07%	+0.07
AAPL Apple Inc.	Add +2.3%	2.64%	+0.06
XTOC Innovator US Eqy Accel PL-Oc	New	0.06%	+0.06
MISL First Trust Indxx Aero & Def	New	0.06%	+0.06
WFC Wells Fargo & Co.	New	0.06%	+0.06
WCMI FT WCM International ETF	Add +85.3%	0.13%	+0.06
TSM Taiwan Semiconductor-SP ADR	Add +18.4%	0.32%	+0.06
BSMS Invesco Bulletshares 2028 MB	New	0.06%	+0.06
XLC SS Comm Select Sector SPDR	Add +32.1%	0.29%	+0.06
ICLO Invesco Aaa Clo F/R Note ETF	Add +14.0%	0.87%	+0.05
IWD iShares Russell 1000 Value E	New	0.05%	+0.05
AMGN Amgen Inc.	New	0.05%	+0.05
XYLD Global X S&P 500 Cove Call E	Add +25.6%	0.30%	+0.05
SPYD SS SPDR P S&P 500 Hi Div ETF	New	0.05%	+0.05
BSX Boston Scientific Corp.	New	0.05%	+0.05
FTSL First Trust Senior Loan ETF	Add +33.8%	0.25%	+0.05

Options Activity Q3 2025 → Q4 2025


PLTR Palantir Technologies Inc. Class A	put	Reduce -9.2%	89,100	$15.8M
META Meta Platforms Inc. Class A	call	New	2,600	$1.7M
SPY SS SPDR S&P 500 ETF Trust-US	put	Reduce -93.0%	2,500	$1.7M
CMCSA Comcast Corp. Class A	call	New	50,000	$1.4M
MU Micron Technology Inc.	call	Reduce -24.1%	4,400	$1.3M
AMZN Amazon.com Inc.	call	Add +46.9%	4,700	$1.1M
UBER Uber Technologies Inc.	call	Add +3150.0%	13,000	$1.1M
AFRM Affirm Holdings Inc.	call	New	8,500	$633K
DIS The Walt Disney Co.	call	Add +130.4%	5,300	$603K
MU Micron Technology Inc.	put	Reduce -92.5%	2,000	$571K
AVGO Broadcom Inc.	call	Add +200.0%	1,500	$519K
TGT Target Corp.	call	New	5,000	$489K
ISRG Intuitive Surgical Inc.	call	Sold out	1,000	$447Kbefore exit
FISV Fiserv Inc.	call	Add +50.0%	6,000	$403K
KVUE Kenvue Inc.	call	New	20,000	$345K
CLX Clorox Company	call	New	3,000	$302K
NVDA Nvidia Corp.	call	Add +200.0%	1,500	$280K
META Meta Platforms Inc. Class A	put	Reduce -66.7%	400	$264K
QCOM Qualcomm Inc.	call	New	1,500	$257K
XLP SS Consumer Staples Sel Sect	put	New	2,100	$163K
XLP SS Consumer Staples Sel Sect	call	New	2,000	$155K
LLY Eli Lilly & Co.	call	Sold out	200	$153Kbefore exit
F Ford Motor Co.	call	Add +400.0%	10,000	$131K
ASML ASML Holding NV-NY Reg SHS	call	Reduce -50.0%	100	$107K
NFLX Netflix Inc.	put	Reduce -50.0%	1,000	$94K
SPY SS SPDR S&P 500 ETF Trust-US	call	Sold out	100	$67Kbefore exit
SPHR Sphere Entertainment Co.	call	Sold out	1,000	$62Kbefore exit
EQT Eqt Corp.	call	New	1,000	$54K
SNAP Snap Inc. Class A	call	Sold out	5,000	$39Kbefore exit
ETHA iShares Ethereum Trust ETF	call	Sold out	1,000	$32Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2025 → Q4 2025


HTZWW Hertz Global Hldgs Inc. -CW51	*W EXP 06/30/205	Reduce -16.8%	19,800	$53K
COHEN & STEERS INFRASTRU	RIGHT 10/16/2025	Sold out	25,228	$2Kbefore exit

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	322	$510.1M	PWB, NVDA, TSPA, HEDG, QQQ
Q1 2026	291	$418.1M	PWB, NVDA, HEDG, TSPA, QQQ
Q4 2025	289	$420.9M	PWB, NVDA, HEDG, QQQ, AMZN
Q3 2025	279	$394.9M	PWB, NVDA, QQQ, META, AMZN
Q2 2025	277	$369.3M	PWB, NVDA, QQQ, META, AMZN
Q1 2025	255	$312.2M	AAPL, NVDA, AMZN, META, PWB
Q4 2024	245	$325.1M	QQQ, AAPL, NVDA, AMZN, META
Q3 2024Amended	230	$311.8M	QQQ, AAPL, NVDA, AMZN, JCPB
Q2 2024	228	$289.8M	QQQ, AAPL, NVDA, AMZN, JCPB
Q1 2024	218	$273.2M	QQQ, AAPL, AMZN, JCPB, SCHD