In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Gimbal Financial reported 40 stock positions worth $110.8 million . Its top holding was iShares Core Dividend Growth (DGRO) at 16.4% of the portfolio, followed by iShares Gold Trust (IAU, 15.9% ) and iShares Core S&P 500 ETF (IVV, 15.3% ). Compared with Q4 2024, it opened 4 new positions, sold out of 12, added to 14 and reduced 13. The biggest buy was a new position in iShares Silver Trust (SLV) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −31% ).
Location CARMEL, IN
CIK 0001835206
Portfolio Value $110.8M (Q1 2025) Holdings 40 stocks · $110.8M Holdings quarter Q2 2026 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 DGRO iShares Core Dividend Growth 294,871 $18.2M Add +2.3% IAU iShares Gold Trust 298,586 $17.6M Add +69.2% IVV iShares Core S&P 500 ETF 30,113 $16.9M Reduce -31.3% LLY Eli Lilly & Co. 17,995 $14.9M Reduce -0.7% SLV iShares Silver Trust 443,682 $13.7M New IYF iShares US Financials ETF 40,359 $4.6M New PTLC Pacer Trendpilot US Large Ca 79,890 $4.1M Add +14.1% PTNQ Pacer Trendpilot 100 ETF 52,717 $3.7M Add +9.6% FXI iShares China Large-Cap ETF 79,996 $2.9M New MSFT Microsoft Corp. 2,921 $1.1M Add +1.0% TXN Texas Instruments Inc. 5,160 $927K Reduce -5.3% AAPL Apple Inc. 4,147 $921K Reduce -6.5% JNJ Johnson & Johnson 4,965 $823K Add +0.6% OEF iShares S&P 100 ETF 2,548 $690K No change PTMC Pacer Trendpilot US Mid Cap 18,845 $652K Add +241.5% WMT Walmart Inc. 7,272 $638K Add +0.1% ABBV Abbvie Inc. 2,955 $619K Add +0.6% JPM JPMorgan Chase & Co. 2,233 $548K Add +0.5% VIG Vanguard Dividend Apprec ETF 2,805 $544K Add +0.1% CSCO Cisco Systems Inc. 8,414 $519K Reduce -6.5% HON Honeywell International Inc. 2,175 $461K Reduce -0.1% JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F 7,946 $454K No change SPY SS SPDR S&P 500 ETF Trust-US 781 $437K Reduce -1.1% GOOGL Alphabet Inc. Class A 2,723 $421K Reduce -0.8% ABT Abbott Laboratories 2,785 $369K Reduce -4.6% HD Home Depot Inc. 964 $353K Reduce -17.8% VO Vngrd Mrngstr MD-Cap ETF-Usd 1,252 $324K No change CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT 11,220 $318K No change CLMT Calumet Inc. 24,545 $311K Reduce -9.2% AMGN Amgen Inc. 988 $308K Reduce -1.5% CL Colgate-Palmolive Co. 3,212 $301K Add +0.1% ONEQ Fidelity Nasdaq Comp Indx 4,412 $300K Reduce -94.9% CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 8,218 $293K No change VTV Vanguard Mrngstr Val ETF-Aui 1,500 $259K No change NVS Novartis AG-Sponsored ADR 2,203 $246K No change EMR Emerson Electric Co. 2,211 $242K Add +0.1% IJR iShares Core S&P Small-Cap E 2,258 $236K No change SCHD Schwab US DVD Equity ETF 7,875 $220K No change BRK.B Berkshire Hathaway Inc. Class B 398 $212K New BTU Peabody Energy Corp. 12,443 $169K Add +0.6%
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ IVV iShares Core S&P 500 ETF Reduce -31.3% 15.27% −5.86 XMMO Invesco S&P Midcap Momentum Sold out 0.00% −5.54 IVW iShares S&P 500 Growth ETF Sold out 0.00% −5.18 ONEQ Fidelity Nasdaq Comp Indx Reduce -94.9% 0.27% −5.12 IAT iShares US Regional Banks Et Sold out 0.00% −3.62 ARTY iShares Future AI & Tech ETF Sold out 0.00% −3.26 IHAK iShares Cybersecurity & Tech Sold out 0.00% −3.07 FMDE Fidelity Enhanced Mid Cap Co. Sold out 0.00% −1.28 FCOM Fidelity MSCI Comm Serv Indx Sold out 0.00% −0.34 CLMT Calumet Inc. Reduce -9.2% 0.28% −0.21 VOX Vanguard Communication Servi Sold out 0.00% −0.19 UPS United Parcel Service Class B Sold out 0.00% −0.18 AMZN Amazon.com Inc. Sold out 0.00% −0.17 DIREXION DLY S&P 500 BEAR 3X Sold out 0.00% −0.09 AAPL Apple Inc. Reduce -6.5% 0.83% −0.08 HD Home Depot Inc. Reduce -17.8% 0.32% −0.05 GOOGL Alphabet Inc. Class A Reduce -0.8% 0.38% −0.05 AMARIN CORP PLC Sold out 0.00% −0.01 TXN Texas Instruments Inc. Reduce -5.3% 0.84% +0.00 HON Honeywell International Inc. Reduce -0.1% 0.42% +0.01 SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.1% 0.39% +0.02 CSCO Cisco Systems Inc. Reduce -6.5% 0.47% +0.03 ABT Abbott Laboratories Reduce -4.6% 0.33% +0.06 AMGN Amgen Inc. Reduce -1.5% 0.28% +0.06 LLY Eli Lilly & Co. Reduce -0.7% 13.41% +1.96
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ SLV iShares Silver Trust New 12.40% +12.40 IAU iShares Gold Trust Add +69.2% 15.88% +8.73 IYF iShares US Financials ETF New 4.11% +4.11 FXI iShares China Large-Cap ETF New 2.59% +2.59 DGRO iShares Core Dividend Growth Add +2.3% 16.44% +1.97 PTLC Pacer Trendpilot US Large Ca Add +14.1% 3.71% +0.65 PTNQ Pacer Trendpilot 100 ETF Add +9.6% 3.38% +0.46 PTMC Pacer Trendpilot US Mid Cap Add +241.5% 0.59% +0.42 BRK.B Berkshire Hathaway Inc. Class B New 0.19% +0.19 JNJ Johnson & Johnson Add +0.6% 0.74% +0.16 ABBV Abbvie Inc. Add +0.6% 0.56% +0.13 JPM JPMorgan Chase & Co. Add +0.5% 0.49% +0.06 VIG Vanguard Dividend Apprec ETF Add +0.1% 0.49% +0.04 WMT Walmart Inc. Add +0.1% 0.58% +0.04 CL Colgate-Palmolive Co. Add +0.1% 0.27% +0.03 EMR Emerson Electric Co. Add +0.1% 0.22% −0.01 MSFT Microsoft Corp. Add +1.0% 0.99% −0.01 BTU Peabody Energy Corp. Add +0.6% 0.15% −0.06
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ LLY Eli Lilly & Co. put Sold out 11,300 $183Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 54 $157.3M IVV, IWM, DGRO, FHLC, XRT Q3 2025 55 $166.5M IVV, ICLN, RPG, XMMO, IYC Q2 2025 47 $162.8M IVV, IGV, RPG, XMMO, FBTC Q1 2025 40 $110.8M DGRO, IAU, IVV, LLY, SLV Q4 2024 48 $122.2M IVV, DGRO, LLY, IAU, XMMO Q3 2024 49 $154.0M DGRO, IVV, IAU, LLY, IJH Q2 2024 43 $135.9M IVV, DGRO, LLY, IAU, ONEQ Q1 2024 46 $122.2M IVV, DGRO, LLY, IWM, IXN