Goldstein Advisors, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Goldstein Advisors, LLC reported 208 stock positions worth $877.4 million. Its top holding was iShares Core S&P Total U.S. (ITOT) at 10.8% of the portfolio, followed by Goldman Activebeta US LC ETF (GSLC, 10.2%) and Victoryshares Free Cash Flow (VFLO, 9.4%). Compared with Q3 2025, it opened 13 new positions, sold out of 9, added to 82 and reduced 83. The biggest buy was a new position in Nomura Focused Emerging Mark (EMEQ) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −41%).

Most Recent 13F
Q2 2026
Location
Madison, WI
CIK
0001963807
Portfolio Value
$877.4M (Q4 2025)
SEC Filing
0001172661-26-000596 ↗ filed Feb 10, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $585.2M Q1 2024 Q2 2024: $597.6M Q2 2024 Q3 2024: $657.5M Q3 2024 Q4 2024: $688.3M Q4 2024 Q1 2025: $683.7M Q1 2025 Q2 2025: $744.1M Q2 2025 Q3 2025: $822.9M Q3 2025 Q4 2025: $877.4M $877.4M Q4 2025 Q1 2026: $900.0M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 208 stocks · $877.4M
ITOT iShares Core S&P Total U.S. 10.79% 636,664 $94.7M Add +1.0%
GSLC Goldman Activebeta US LC ETF 10.19% 675,305 $89.4M Add +2.4%
VFLO Victoryshares Free Cash Flow 9.36% 2,084,626 $82.1M Add +29.5%
JGRO JPMorgan Active Growth ETF 6.82% 644,799 $59.8M Add +0.1%
QUAL iShares MSCI USA Quality Fac 3.83% 169,196 $33.6M Reduce -41.3%
EMEQ Nomura Focused Emerging Mark 3.78% 825,825 $33.2M New
THRO iShares U.S. Thematic Rotati 3.61% 822,446 $31.7M Add +9.5%
UBND Victoryshares Core Plus Bond 3.54% 1,413,555 $31.1M Reduce -6.0%
DBMF Imgp Dbi MFT STR ETF-Usd Inc. 3.36% 1,050,555 $29.5M Reduce -1.9%
BOND PIMCO Active Bond Exchange-T 2.85% 269,010 $25.0M Add +2.1%
SPMO Invesco S&P 500 Momentum ETF 2.65% 194,548 $23.2M Add +92.2%
ALAI Alger AI Enable & Adopt ETF 2.50% 608,647 $22.0M Add +2.4%
TAXF American Century Diver Muni 2.37% 412,111 $20.8M Add +3.6%
HMOP Hartford Municipal Opp ETF 2.28% 511,050 $20.0M Add +4.1%
IXUS iShares Core Intl Stock ETF 1.96% 202,739 $17.2M Reduce -1.3%
RODM Hartford Multifact Dev MRKT 1.86% 441,849 $16.3M Reduce -0.7%
OEF iShares S&P 100 ETF 1.84% 47,001 $16.1M Add +1.1%
AVDE Avantis International Equity 1.44% 153,326 $12.6M Reduce -27.5%
JPSE JPM Diversified RT Small Cap filed as J P MORGAN EXCHANGE TRADED F 1.30% 228,459 $11.4M Reduce -3.3%
SHLD Global X Defense Tech ETF 1.19% 161,795 $10.5M Add +3.0%
BNDX Vanguard Total Intl Bond ETF 1.07% 194,318 $9.4M Add +3.4%
XSOE Wisdmtree Emerg MKT Ex-St Ow 1.01% 228,049 $8.9M Add +0.7%
PULS Pgim Ultra Short Bond ETF 0.73% 128,554 $6.4M Add +54.7%
IJH iShares Core S&P Midcap ETF 0.73% 96,552 $6.4M Reduce -2.4%
GBIL Goldman Sachs Access Treasur 0.72% 63,277 $6.3M Reduce -7.2%
AAPL Apple Inc. 0.68% 21,893 $6.0M Add +1.9%
NVDA Nvidia Corp. 0.65% 30,691 $5.7M Reduce -3.0%
BINC iShares Flex I A ETF-Usd Inc. 0.60% 100,194 $5.3M Add +2.9%
QQQ Invesco QQQ Trust Series 1 0.58% 8,311 $5.1M Reduce -0.8%
MSFT Microsoft Corp. 0.55% 9,906 $4.8M Add +1.4%
SCZ iShares MSCI Eafe Small-Cap 0.51% 57,807 $4.5M Reduce -4.8%
BRK.A Berkshire Hathaway Inc. Class A 0.43% 5 $3.8M No change
FVD First Trust Value Line DVD 0.42% 80,710 $3.7M Reduce -2.5%
TILT NT Mstar US Ftilt ETF 0.40% 13,982 $3.5M Reduce -0.1%
DBEF Xtrackers MSCI Eafe Hedged E 0.39% 70,547 $3.4M Reduce -0.1%
IMCB iShares Morningstar Mid-Cap 0.36% 38,341 $3.2M Reduce -2.9%
AMZN Amazon.com Inc. 0.30% 11,347 $2.6M Add +11.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.30% 3,832 $2.6M No change
ISCB iShares Morningstar SM Cap 0.28% 38,158 $2.5M Reduce -3.1%
GOOGL Alphabet Inc. Class A 0.28% 7,904 $2.5M Reduce -1.2%
IVV iShares Core S&P 500 ETF 0.27% 3,497 $2.4M Reduce -2.9%
GOOG Alphabet Inc. Class C 0.27% 7,471 $2.3M Add +5.3%
XLK SS Technology Select Sector 0.26% 15,982 $2.3M Add +14.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.24% 4,349 $2.1M Reduce -2.0%
VTI VG Morningstar TS MKT ETF-US 0.23% 6,141 $2.1M Add +0.1%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.23% 33,132 $2.0M Reduce -0.5%
MTUM iShares MSCI USA Momentum Fa 0.23% 8,030 $2.0M Reduce -0.1%
AVGO Broadcom Inc. 0.22% 5,602 $1.9M Add +2.9%
QUS SS SPDR MSCI U Stratfact ETF 0.21% 10,770 $1.9M Reduce -0.5%
QQQM Invesco Nasdaq 100 ETF 0.21% 7,386 $1.9M Reduce -1.0%
COWZ Pacer US Cash Cows 100 ETF 0.21% 30,748 $1.9M Add +0.3%
META Meta Platforms Inc. Class A 0.19% 2,565 $1.7M Add +2.8%
IJR iShares Core S&P Small-Cap E 0.19% 13,937 $1.7M Reduce -4.8%
DEUS Xtrackers Russell US Multi 0.18% 26,504 $1.5M Reduce -1.2%
SPDW Ste STR SPDR PT DW Eu ETF 0.17% 34,508 $1.5M Reduce -16.1%
IEMG iShares Core MSCI Emerging 0.17% 22,586 $1.5M Add +2.4%
JPM JPMorgan Chase & Co. 0.15% 4,099 $1.3M Reduce -1.4%
JCI Johnson Controls Internation 0.15% 10,878 $1.3M Add +0.0%
LNT Alliant Energy Corp. 0.15% 19,912 $1.3M Reduce -2.9%
IWF iShares Russell 1000 Growth 0.14% 2,687 $1.3M Reduce -5.9%
IEFA iShares Core MSCI Eafe ETF 0.14% 14,076 $1.3M Reduce -1.6%
RSPT Invesco S&P 500 Equal Weight 0.13% 25,320 $1.2M Reduce -0.2%
JPME JPM Diver Ret US MC Equity filed as J P MORGAN EXCHANGE TRADED F 0.13% 10,544 $1.1M Reduce -4.3%
USMV iShares MSCI USA Min Vol Fac 0.13% 11,712 $1.1M Reduce -0.1%
VHT Vanguard Health Care ETF 0.12% 3,770 $1.1M Reduce -1.5%
PXH Inves Rafi Emer MRKT-Usd Inc. 0.12% 40,994 $1.1M Reduce -0.7%
ILCG iShares Morningstar Growth E 0.11% 9,470 $985K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.11% 3,324 $965K Add +16.6%
EMGF iShares Emerging Markets Equ 0.11% 16,325 $944K Add +10.9%
SPTM SS SPDR P S&P 1500 Comp ETF 0.11% 11,386 $939K Reduce -0.6%
EXAS Exact Sciences Corp. 0.11% 9,200 $934K Reduce -17.3%
SCHG Schwab US Large-Cap Growth 0.10% 27,664 $902K Add +1.6%
APP AppLovin Corp. Class A 0.10% 1,309 $882K Reduce -15.3%
IWR iShares Russell Mid-Cap ETF 0.10% 9,112 $877K Reduce -4.3%
VWO Vanguard Ftse Emerging Marke 0.10% 15,565 $837K Add +13.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.09% 2,628 $827K No change
MGEE Mge Energy Inc. 0.09% 10,421 $817K Add +0.1%
ABBV Abbvie Inc. 0.09% 3,558 $813K Add +9.9%
TSM Taiwan Semiconductor-SP ADR 0.09% 2,574 $782K Add +5.2%
TSLA Tesla Inc. 0.09% 1,681 $756K Add +10.9%
JNJ Johnson & Johnson 0.08% 3,556 $736K Add +0.2%
IWM iShares Russell 2000 ETF 0.08% 2,916 $718K Add +11.3%
SCHF Schwab Intl Equity ETF 0.08% 29,752 $715K Add +43.8%
DIVI Franklin International Core 0.08% 18,351 $714K Reduce -0.4%
SCHX Schwab US Large-Cap ETF 0.08% 26,484 $713K Add +1.5%
BRK.B Berkshire Hathaway Inc. Class B 0.08% 1,405 $706K Reduce -2.3%
SNPE Xtrckr S&P 500 Scor&scrn ETF 0.08% 11,078 $692K Add +7.1%
VXUS Vanguard Total Intl Stock 0.08% 9,114 $688K Add +2.6%
AVDV Avantis Intl S/C Value ETF 0.08% 7,210 $678K No change
VONV Vanguard Russell 1000 Value 0.07% 6,840 $631K Add +24.9%
ORCL Oracle Corp. 0.07% 3,219 $627K Reduce -3.7%
NBIS Nebius Group NV 0.07% 7,340 $614K Reduce -20.2%
MCD McDonald's Corp. 0.07% 1,948 $595K Add +0.1%
CRWD CrowdStrike Holdings Inc. Class A 0.07% 1,235 $579K Reduce -0.7%
SYSB iShares Systematic Bond ETF 0.06% 6,324 $568K New
EUSB Ishr ESG Advn Universal BD-$ 0.06% 12,912 $567K Add +0.7%
IVW iShares S&P 500 Growth ETF 0.06% 4,554 $561K Reduce -17.0%
TLN Talen Energy Corp. 0.06% 1,467 $550K Add +0.8%
SPMD SS SPDR P S&P 400 Midcap ETF 0.06% 9,452 $547K No change
LLY Eli Lilly & Co. 0.06% 506 $544K Reduce -3.1%
XOM Exxon Mobil Corp. 0.06% 4,481 $539K Reduce -2.6%
SCHV Schwab US Large-Cap Value 0.06% 17,788 $527K Add +2.8%
COST Costco Wholesale Corp. 0.06% 606 $523K No change
POCT Innovator U.S. Equity Power 0.06% 11,394 $500K Add +35.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 2,612 $499K No change
V Visa Inc. Class A 0.05% 1,325 $465K Reduce -11.2%
IJJ iShares S&P Mid-Cap 400 Valu 0.05% 3,420 $450K No change
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.05% 16,858 $446K Reduce -40.2%
NFLX Netflix Inc. 0.05% 4,636 $435K Reduce -12.0%
PM Philip Morris International 0.05% 2,586 $415K Reduce -0.3%
DFUV Dimensional US Marketwide Va 0.05% 8,819 $411K No change
MA Mastercard Inc. Class A 0.05% 717 $409K Reduce -1.4%
VLUE iShares MSCI USA Value Facto 0.05% 2,958 $404K No change
SCHM Schwab US Mid Cap ETF 0.04% 13,043 $392K No change
MRK Merck & Co. Inc. 0.04% 3,726 $392K Add +1.6%
EFAV iShares MSCI Eafe Min Vol Fa 0.04% 4,534 $391K Reduce -0.5%
RTX RTX Corp. 0.04% 2,122 $389K Reduce -11.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 1,309 $388K Reduce -2.2%
WMT Walmart Inc. 0.04% 3,447 $384K Add +5.3%
DSI iShares ESG MSCI KLD 400 ETF 0.04% 2,963 $382K Reduce -0.6%
UITB Victoryshares Core Intermedi 0.04% 7,952 $377K Add +0.1%
EMQQ Emg MKT Internet ETF-USA Inc. filed as EXCHANGE TRADED CONCEPTS TRU 0.04% 9,250 $373K Reduce -0.8%
PEP Pepsico Inc. 0.04% 2,600 $373K Add +0.5%
SHOP Shopify Inc. Class A 0.04% 2,310 $372K Add +10.7%
PNOV Innovator U.S. Equity Power 0.04% 8,887 $371K Add +27.6%
HD Home Depot Inc. 0.04% 1,061 $365K Reduce -5.9%
WDC Western Digital Corp. 0.04% 2,087 $360K Reduce -27.5%
MCK McKesson Corp. 0.04% 436 $358K Add +30.5%
DFIV Dimensional International Va 0.04% 7,116 $355K No change
APH Amphenol Corp. Class A 0.04% 2,622 $354K Reduce -18.1%
ABND Americn Cent Co. PL in ETF-US 0.04% 7,965 $352K Reduce -0.8%
CI The Cigna Group 0.04% 1,275 $351K Add +14.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 3,060 $348K Reduce -0.3%
PWR Quanta Services Inc. 0.04% 823 $347K No change
RDVY First Trust Rising Dividend 0.04% 4,878 $339K Reduce -0.8%
GEV GE Vernova Inc. 0.04% 506 $331K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 5,888 $324K Reduce -0.4%
IUSG iShares Core S&P U.S. Growth 0.04% 1,922 $323K Reduce -3.5%
VGT Vanguard Info Tech ETF 0.04% 423 $319K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 2,063 $317K Add +0.2%
DFAT Dimensional US Target Value 0.04% 5,310 $316K No change
NTRA Natera Inc. 0.04% 1,355 $310K Reduce -17.0%
ADP Automatic Data Processing 0.04% 1,204 $310K Add +0.3%
C Citigroup Inc. 0.04% 2,635 $307K Reduce -0.5%
ASML ASML Holding NV-NY Reg SHS 0.04% 287 $307K Reduce -3.7%
MELI MercadoLibre Inc. 0.03% 150 $302K Reduce -0.7%
USXF iShares ESG Advance MSCI USA 0.03% 5,181 $298K Reduce -0.3%
PWV Invesco Large Cap Value ETF 0.03% 4,460 $297K No change
KLAC KLA Corp. 0.03% 244 $296K Add +3.4%
GILD Gilead Sciences Inc. 0.03% 2,380 $292K No change
LOW Lowe's Cos Inc. 0.03% 1,205 $291K Add +1.0%
SCHB Schwab US Broad Market ETF 0.03% 10,964 $288K Reduce -4.9%
PGR Progressive Corp. 0.03% 1,259 $287K Add +2.8%
WFC Wells Fargo & Co. 0.03% 3,041 $283K Add +8.6%
MDYG SS SPDR S&P 400 MC GR ETF 0.03% 3,060 $283K No change
IWY iShares Russell Top 200 Grow 0.03% 1,013 $281K No change
SPGI S&P Global Inc. 0.03% 534 $279K Add +0.6%
CB Chubb Ltd. 0.03% 893 $279K Add +2.9%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.03% 6,522 $278K No change
LDOS Leidos Holdings Inc. 0.03% 1,536 $277K No change
MDYV SS SPDR S&P 400 MC Val ETF 0.03% 3,250 $275K No change
TMO Thermo Fisher Scientific Inc. 0.03% 467 $271K Add +0.4%
EFG iShares MSCI Eafe Growth ETF 0.03% 2,372 $270K Reduce -3.9%
ALAB Astera Labs Inc. 0.03% 1,611 $268K Add +5.8%
SUSA iShares ESG Optimized MSCI U 0.03% 1,910 $266K Add +21.7%
PUSH Pgim Ultra SHRT MNPL BND ETF 0.03% 5,240 $264K New
ETN Eaton Corp. PLC 0.03% 828 $264K Reduce -0.6%
ROKU Roku Inc. 0.03% 2,430 $264K Reduce -10.7%
SE Sea Ltd.-ADR 0.03% 2,066 $264K Reduce -10.4%
MDLZ Mondelez International Inc. Class A 0.03% 4,865 $262K Reduce -0.5%
QXO Qxo Inc. 0.03% 13,524 $261K New
SDY SS SPDR S&P Dividend ETF 0.03% 1,860 $259K Add +2.5%
ABT Abbott Laboratories 0.03% 2,061 $258K Add +3.1%
LCTU iShares U.S. Carbon Transiti 0.03% 3,478 $258K Reduce -0.3%
MS Morgan Stanley 0.03% 1,434 $255K Add +3.6%
PYLD PIMCO Multisector Bond Actv 0.03% 9,534 $254K Add +13.5%
SPYV SS SPDR P S&P 500 Value ETF 0.03% 4,448 $253K Add +0.3%
GE General Electric filed as GE AEROSPACE 0.03% 817 $252K Add +0.3%
PJUL Innovator U.S. Equity Power 0.03% 5,357 $249K New
PLD Prologis Inc. 0.03% 1,911 $244K Add +0.2%
DGRO iShares Core Dividend Growth 0.03% 3,514 $244K New
CAT Caterpillar Inc. 0.03% 425 $243K Reduce -9.2%
DUK Duke Energy Corp. 0.03% 2,062 $242K Add +3.1%
CEG Constellation Energy 0.03% 678 $240K Reduce -12.4%
SU Suncor Energy Inc. 0.03% 5,374 $238K Reduce -0.0%
MRSH Marsh & McLennan Cos 0.03% 1,265 $235K Add +12.9%
SPOT Spotify Technology SA 0.03% 403 $234K Add +16.8%
SPLV Invesco S&P 500 Low Volatili 0.03% 3,264 $233K No change
MTW Manitowoc Company Inc. 0.03% 19,300 $231K No change
DFAS Dimensional US Small Cap ETF 0.03% 3,282 $229K No change
LPLA LPL Financial Holdings Inc. 0.03% 634 $226K Add +4.8%
EFX Equifax Inc. 0.03% 1,042 $226K New
ICVT iShares Convertible Bond ETF 0.03% 2,240 $221K Add +10.8%
GD General Dynamics Corp. 0.03% 655 $221K Add +0.5%
BKNG Booking Holdings Inc. 0.03% 41 $220K Add +7.9%
ZAPR Intr Eqt Def Pro ETF - 1 Y A 0.02% 8,469 $218K No change
SIVR Abrdn Physical Silver Shares 0.02% 3,212 $217K New
IBKR Interactive Brokers Gro Class A 0.02% 3,365 $216K Add +10.8%
TDY Teledyne Technologies Inc. 0.02% 423 $216K Add +2.7%
LMT Lockheed Martin Corp. 0.02% 444 $215K No change
INTU Intuit Inc. 0.02% 321 $212K No change
MSI Motorola Solutions Inc. 0.02% 552 $212K Reduce -0.2%
BA The Boeing Co. 0.02% 973 $211K New
MUNI PIMCO Intermediate Municipal 0.02% 4,021 $211K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.02% 2,874 $209K New
VOO Vanguard S&P 500 ETF 0.02% 328 $206K Reduce -17.4%
PJAN Innovator U.S. Equity Power 0.02% 4,364 $205K New
PDEC Innovator U.S. Equity Power 0.02% 4,679 $203K New
Other holdings (17): bonds, preferreds, convertibles and warrants · $274K (not counted above)
SecurityClassShares / PrincipalValueChange
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 10,000$37KNew
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 15,000$21KNew
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal 18,000$18KNew
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal 15,000$17KNew
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal 17,000$17KNew
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 16,000$17KNew
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 15,000$16KNew
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 14,000$15KNew
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 16,000$15KNew
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 14,000$14KNew
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal 14,000$14KNew
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 13,000$13KNew
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal 13,000$13KNew
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 11,000$13KNew
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 12,000$12KNew
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal 10,000$11KNew
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 11,000$10KNew

Total filed on the 13F, all lines: $877.7M.

Portfolio Sells Q3 2025 → Q4 2025
QUAL iShares MSCI USA Quality Fac Reduce -41.3% 3.83% −2.98
AVDE Avantis International Equity Reduce -27.5% 1.44% −0.59
UBND Victoryshares Core Plus Bond Reduce -6.0% 3.54% −0.48
DBMF Imgp Dbi MFT STR ETF-Usd Inc. Reduce -1.9% 3.36% −0.20
JPSE JPM Diversified RT Small Cap Reduce -3.3% 1.30% −0.13
GBIL Goldman Sachs Access Treasur Reduce -7.2% 0.72% −0.11
IXUS iShares Core Intl Stock ETF Reduce -1.3% 1.96% −0.11
NVDA Nvidia Corp. Reduce -3.0% 0.65% −0.07
IJH iShares Core S&P Midcap ETF Reduce -2.4% 0.73% −0.06
RODM Hartford Multifact Dev MRKT Reduce -0.7% 1.86% −0.06
NBIS Nebius Group NV Reduce -20.2% 0.07% −0.06
SCZ iShares MSCI Eafe Small-Cap Reduce -4.8% 0.51% −0.06
ORCL Oracle Corp. Reduce -3.7% 0.07% −0.04
FVD First Trust Value Line DVD Reduce -2.5% 0.42% −0.04
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -40.2% 0.05% −0.04
SPDW Ste STR SPDR PT DW Eu ETF Reduce -16.1% 0.17% −0.04
IMCB iShares Morningstar Mid-Cap Reduce -2.9% 0.36% −0.04
VST Vistra Corp. Sold out 0.00% −0.04
APP AppLovin Corp. Class A Reduce -15.3% 0.10% −0.03
RBLX Roblox Corp. Class A Sold out 0.00% −0.03
FAST Fastenal Co. Sold out 0.00% −0.03
QQQ Invesco QQQ Trust Series 1 Reduce -0.8% 0.58% −0.03
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.03
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.03
NFLX Netflix Inc. Reduce -12.0% 0.05% −0.03
AZO AutoZone Inc. Sold out 0.00% −0.03
ITW Illinois Tool Works Sold out 0.00% −0.03
ADI Analog Devices Inc. Sold out 0.00% −0.02
MTUM iShares MSCI USA Momentum Fa Reduce -0.1% 0.23% −0.02
ISCB iShares Morningstar SM Cap Reduce -3.1% 0.28% −0.02
IJR iShares Core S&P Small-Cap E Reduce -4.8% 0.19% −0.02
LNT Alliant Energy Corp. Reduce -2.9% 0.15% −0.02
SE Sea Ltd.-ADR Reduce -10.4% 0.03% −0.02
IVV iShares Core S&P 500 ETF Reduce -2.9% 0.27% −0.02
NVRI Enviri Corp. Sold out 0.00% −0.02
IWF iShares Russell 1000 Growth Reduce -5.9% 0.14% −0.02
VUG Vanguard Mrngstar GR ETF-Sui Reduce -2.0% 0.24% −0.02
IVW iShares S&P 500 Growth ETF Reduce -17.0% 0.06% −0.02
TILT NT Mstar US Ftilt ETF Reduce -0.1% 0.40% −0.02
JPME JPM Diver Ret US MC Equity Reduce -4.3% 0.13% −0.01
HD Home Depot Inc. Reduce -5.9% 0.04% −0.01
DEUS Xtrackers Russell US Multi Reduce -1.2% 0.18% −0.01
DBEF Xtrackers MSCI Eafe Hedged E Reduce -0.1% 0.39% −0.01
IWR iShares Russell Mid-Cap ETF Reduce -4.3% 0.10% −0.01
QUS SS SPDR MSCI U Stratfact ETF Reduce -0.5% 0.21% −0.01
QQQM Invesco Nasdaq 100 ETF Reduce -1.0% 0.21% −0.01
EMQQ Emg MKT Internet ETF-USA Inc. Reduce -0.8% 0.04% −0.01
DYNF Ishrs US E F R A ETF-Usd Inc. Reduce -0.5% 0.23% −0.01
USMV iShares MSCI USA Min Vol Fac Reduce -0.1% 0.13% −0.01
V Visa Inc. Class A Reduce -11.2% 0.05% −0.01

Portfolio Buys Q3 2025 → Q4 2025
EMEQ Nomura Focused Emerging Mark New 3.78% +3.78
VFLO Victoryshares Free Cash Flow Add +29.5% 9.36% +2.02
SPMO Invesco S&P 500 Momentum ETF Add +92.2% 2.65% +1.16
PULS Pgim Ultra Short Bond ETF Add +54.7% 0.73% +0.22
THRO iShares U.S. Thematic Rotati Add +9.5% 3.61% +0.16
SYSB iShares Systematic Bond ETF New 0.06% +0.06
GOOG Alphabet Inc. Class C Add +5.3% 0.27% +0.06
GEV GE Vernova Inc. New 0.04% +0.04
PUSH Pgim Ultra SHRT MNPL BND ETF New 0.03% +0.03
QXO Qxo Inc. New 0.03% +0.03
PJUL Innovator U.S. Equity Power New 0.03% +0.03
DGRO iShares Core Dividend Growth New 0.03% +0.03
AMZN Amazon.com Inc. Add +11.1% 0.30% +0.03
EFX Equifax Inc. New 0.03% +0.03
SIVR Abrdn Physical Silver Shares New 0.02% +0.02
BA The Boeing Co. New 0.02% +0.02
EMXC iShares MSCI Emr MRK Ex Chna New 0.02% +0.02
PJAN Innovator U.S. Equity Power New 0.02% +0.02
XLK SS Technology Select Sector Add +14.6% 0.26% +0.02
PDEC Innovator U.S. Equity Power New 0.02% +0.02
SCHF Schwab Intl Equity ETF Add +43.8% 0.08% +0.02
AAPL Apple Inc. Add +1.9% 0.68% +0.01
POCT Innovator U.S. Equity Power Add +35.7% 0.06% +0.01
VONV Vanguard Russell 1000 Value Add +24.9% 0.07% +0.01
MCK McKesson Corp. Add +30.5% 0.04% +0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +16.6% 0.11% +0.01
PNOV Innovator U.S. Equity Power Add +27.6% 0.04% +0.01
MRK Merck & Co. Inc. Add +1.6% 0.04% +0.01
EMGF iShares Emerging Markets Equ Add +10.9% 0.11% +0.01
TSM Taiwan Semiconductor-SP ADR Add +5.2% 0.09% +0.01
IWM iShares Russell 2000 ETF Add +11.3% 0.08% +0.00
SHOP Shopify Inc. Class A Add +10.7% 0.04% +0.00
VWO Vanguard Ftse Emerging Marke Add +13.0% 0.10% +0.00
SUSA iShares ESG Optimized MSCI U Add +21.7% 0.03% +0.00
TSLA Tesla Inc. Add +10.9% 0.09% +0.00
JNJ Johnson & Johnson Add +0.2% 0.08% +0.00
WFC Wells Fargo & Co. Add +8.6% 0.03% +0.00
SNPE Xtrckr S&P 500 Scor&scrn ETF Add +7.1% 0.08% +0.00
TMO Thermo Fisher Scientific Inc. Add +0.4% 0.03% +0.00
JCI Johnson Controls Internation Add +0.0% 0.15% +0.00
KLAC KLA Corp. Add +3.4% 0.03% +0.00
WMT Walmart Inc. Add +5.3% 0.04% +0.00
AVGO Broadcom Inc. Add +2.9% 0.22% +0.00
MS Morgan Stanley Add +3.6% 0.03% +0.00
CB Chubb Ltd. Add +2.9% 0.03% +0.00
ABBV Abbvie Inc. Add +9.9% 0.09% +0.00
PYLD PIMCO Multisector Bond Actv Add +13.5% 0.03% +0.00
LPLA LPL Financial Holdings Inc. Add +4.8% 0.03% +0.00
PLD Prologis Inc. Add +0.2% 0.03% +0.00
CI The Cigna Group Add +14.3% 0.04% +0.00

Notes & Other Activity Q3 2025 → Q4 2025
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal New 10,000 $37K
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal New 15,000 $21K
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal New 18,000 $18K
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal New 15,000 $17K
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal New 17,000 $17K
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal New 16,000 $17K
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal New 15,000 $16K
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal New 14,000 $15K
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal New 16,000 $15K
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal New 14,000 $14K
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal New 14,000 $14K
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal New 13,000 $13K
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal New 13,000 $13K
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal New 11,000 $13K
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal New 12,000 $12K
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal New 10,000 $11K
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal New 11,000 $10K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 249$1.1BITOT, GSLC, CORO, JGRO, VFLO
Q1 2026 215$900.0MITOT, GSLC, VFLO, JGRO, CORO
Q4 2025 208$877.4MITOT, GSLC, VFLO, JGRO, QUAL
Q3 2025 204$822.9MITOT, GSLC, JGRO, VFLO, QUAL
Q2 2025 191$744.1MITOT, GSLC, JGRO, VFLO, QUAL
Q1 2025 183$683.7MITOT, GSLC, JGRO, QUAL, VFLO
Q4 2024 181$688.3MITOT, GSLC, JGRO, QUAL, SPDW
Q3 2024 180$657.5MITOT, GSLC, JGRO, QUAL, UBND
Q2 2024 159$597.6MITOT, GSLC, DBMF, UBND, COWZ
Q1 2024 155$585.2MITOT, GSLC, UBND, GBIL, COWZ