Gridiron Partners, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Gridiron Partners, LLC reported 67 stock positions worth $176.0 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 27.1% of the portfolio, followed by Vanguard Total Bond Market (BND, 24.9%) and SS SPDR S&P 500 ETF Trust-US (SPY, 9.9%). Compared with Q2 2025, it opened 8 new positions, sold out of 3, added to 50 and reduced 3. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +12%) and the biggest sale an exit from PIMCO Municipal Income Fund (XPMFX).
- Most Recent 13F
- Q2 2026
- Location
- Wexford, PA
- CIK
- 0001910867
- Portfolio Value
- $176.0M (Q3 2025)
- SEC Filing
- 0001172661-25-004286 ↗ filed Oct 14, 2025
Holdings Value
Holdings 67 stocks · $176.0M
| AGG iShares Core U.S. Aggregate | 27.07% | 475,247 | $47.6M | Add +11.7% |
| BND Vanguard Total Bond Market | 24.93% | 24,091 | $43.9M | Reduce -95.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 9.85% | 143,286 | $17.3M | Add +450.4% |
| VTI VG Morningstar TS MKT ETF-US | 5.21% | 118,197 | $9.2M | Add +322.9% |
| PML PIMCO Municipal Income FD II | 3.08% | 77,499 | $5.4M | Reduce -85.8% |
| NMZ Nuveen Muni Hi Inc. Opport | 2.62% | 1,649,372 | $4.6M | Add +282.0% |
| NZF Nuveen Municipal Credit Inc. | 1.95% | 2,879,922 | $3.4M | Add +960.0% |
| NVG Nuveen Amt-FR Muni CRDT | 1.64% | 4,591,844 | $2.9M | Add +1873.0% |
| LEO BNY Mellon Strategic Muni | 1.46% | 1,994,982 | $2.6M | Add +394.1% |
| XFFCX Flaherty & Crumrine Pref Inc. | 1.44% | 486,870 | $2.5M | Add +229.1% |
| XMVFX BlackRock Munivest Fund | 1.35% | 238,366 | $2.4M | Reduce -33.2% |
| IWM iShares Russell 2000 ETF | 1.28% | 43,164 | $2.3M | Add +361.8% |
| MSFT Microsoft Corp. | 1.26% | 4,265 | $2.2M | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 1.10% | 1,254,447 | $1.9M | Add +638.4% |
| MDY State Street SPDR S&P Midcap | 1.07% | 305,602 | $1.9M | Add +9558.7% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.99% | 1,868,965 | $1.7M | Add +2363.9% |
| VWO Vanguard Ftse Emerging Marke | 0.96% | 51,906 | $1.7M | Add +66.5% |
| NMCO Nuveen Municipal Credit Opp | 0.94% | 1,879,390 | $1.7M | Add +1154.2% |
| VEA Vanguard Ftse Developed ETF | 0.92% | 4,432,845 | $1.6M | Add +16333.2% |
| VGM Invesco Trust for Investmen | 0.86% | 1,722,730 | $1.5M | Add +1048.6% |
| VXUS Vanguard Total Intl Stock | 0.81% | 1,687,290 | $1.4M | Add +8585.3% |
| KKR KKR & Co. Inc. | 0.57% | 8,373 | $1.0M | Add +8.5% |
| EMB iShares JP Morgan Usd Emergi | 0.54% | 15,614 | $950K | Add +56.4% |
| VMO Invesco Municipal Opport | 0.50% | 1,502,830 | $876K | Add +1558.1% |
| PSF Cohen & Steers Select Prefer | 0.48% | 5,274,815 | $837K | Add +12990.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.45% | 46,788 | $789K | Add +334.2% |
| BX Blackstone Inc. | 0.43% | 184,745 | $761K | Add +4047.8% |
| BFK BlackRock Municipal Inc. TRST | 0.42% | 513,980 | $746K | Add +592.5% |
| BSV Vanguard Short-Term Bond ETF | 0.39% | 19,452 | $694K | Add +94.6% |
| DBL Doubleline Opport Credit | 0.39% | 2,231,257 | $684K | Add +5475.8% |
| BBN BlackRock Taxable Muni BND | 0.31% | 6,200,851 | $540K | Add +20210.0% |
| SABA Saba Capital Income & Opp II | 0.29% | 394,682 | $517K | Add +596.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 858 | $515K | No change |
| FPF First TR Interm Dur & Inc. | 0.29% | 2,530,426 | $509K | Add +9427.9% |
| FAX Abrdn Asia-Pacific Income | 0.28% | 399,797 | $488K | Add +1555.8% |
| JPC Nuveen Prefered & Income Opp | 0.25% | 1,661,104 | $434K | Add +3036.0% |
| PDO PIMCO Dynamic Income Opport | 0.24% | 127,724 | $423K | Add +326.2% |
| EVN Eaton Vance Muni Inc. TR | 0.24% | 924,331 | $423K | Add +2320.0% |
| RA Brookfield Real Assets Incom | 0.24% | 960,489 | $422K | Add +2944.2% |
| DLY Doubleline Yield Opport | 0.23% | 526,146 | $408K | Add +1843.9% |
| IIM Invesco Value Municipal Inco | 0.20% | 150,650 | $361K | Add +424.2% |
| NBB Nuveen Taxable Municipal Inc. | 0.17% | 425,899 | $292K | Add +2266.1% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.16% | 367,786 | $289K | Add +652.3% |
| PPG PPG Industries Inc. | 0.16% | 2,709 | $285K | No change |
| DVY iShares Select Dividend ETF | 0.16% | 2,000 | $284K | No change |
| XMVTX BlackRock Munivest Fund II | 0.15% | 2,244,314 | $256K | Add +9221.4% |
| DSL Doubleline Income Solutions | 0.13% | 415,869 | $235K | Add +2073.2% |
| TEI Templeton Emrg MKTS Inc. | 0.13% | 12,817,897 | $227K | Add +34950.3% |
| PDI PIMCO Dynamic Income Fund | 0.11% | 3,379,138 | $185K | New |
| BRW Saba Capital Income & Opport | 0.10% | 42,630,926 | $175K | Add +188699.5% |
| GOF Guggenheim Strategic Opport | 0.09% | 94,765 | $150K | Add +847.6% |
| XFRAX BlackRock Fltng RT Inc. Strat | 0.08% | 489,117 | $140K | Add +4425.9% |
| VVR Invesco Senior Income Trust | 0.07% | 9,628,492 | $129K | Add +25825.6% |
| BGH Barings GLBL SHRT Dur Hi YLD | 0.07% | 739,281 | $128K | New |
| ZTR Virtus Total Return Fund Inc. | 0.07% | 1,442,455 | $121K | Add +7620.7% |
| XAWFX Alliancebernstein GL Hi Inc. | 0.06% | 41,302,943 | $108K | New |
| PPT Franklin Premir Inc. Trust-Ui | 0.06% | 28,985 | $107K | No change |
| EIM Eaton Vance Municipal Bond | 0.06% | 56,082 | $100K | Add +439.7% |
| KTF DWS Municipal Income Trust | 0.05% | 425,178 | $96K | Add +3970.6% |
| PFN PIMCO Income Strategy FD II | 0.05% | 446,306 | $90K | Add +4006.2% |
| BLW BlackRock Ltd. Durat Inc. TR | 0.05% | 128,005 | $84K | New |
| XEFRX Eaton Vance Sr FLTG Rate TR | 0.05% | 288,416 | $81K | New |
| BGT BlackRock Fltng RT Inc. TR | 0.04% | 125,780 | $75K | New |
| MFM Aberdeen Municipal Income | 0.04% | 308,165 | $64K | Add +2495.5% |
| FTF Franklin Ltd. Dur Inc. TR | 0.03% | 88,981 | $48K | New |
| PIM Franklin Master Interm IT-Ui filed as PUTNAM MASTER INTER INCOME T | 0.02% | 10,507 | $36K | No change |
| GBAB Guggenheim Taxable Municipal | 0.02% | 35,737 | $34K | New |
Portfolio Sells Q2 2025 → Q3 2025
| XPMFX PIMCO Municipal Income Fund | Sold out | 0.00% | −0.52 |
| XPMAX Pioneer Municipal High Inc. | Sold out | 0.00% | −0.41 |
| XMHIX Pioneer Muni High Inc. TR | Sold out | 0.00% | −0.20 |
| XMVFX BlackRock Munivest Fund | Reduce -33.2% | 1.35% | −0.11 |
| PML PIMCO Municipal Income FD II | Reduce -85.8% | 3.08% | +0.55 |
| BND Vanguard Total Bond Market | Reduce -95.4% | 24.93% | +0.80 |
Portfolio Buys Q2 2025 → Q3 2025
| AGG iShares Core U.S. Aggregate | Add +11.7% | 27.07% | +0.87 |
| PDI PIMCO Dynamic Income Fund | New | 0.11% | +0.11 |
| BGH Barings GLBL SHRT Dur Hi YLD | New | 0.07% | +0.07 |
| XAWFX Alliancebernstein GL Hi Inc. | New | 0.06% | +0.06 |
| BLW BlackRock Ltd. Durat Inc. TR | New | 0.05% | +0.05 |
| XEFRX Eaton Vance Sr FLTG Rate TR | New | 0.05% | +0.05 |
| BGT BlackRock Fltng RT Inc. TR | New | 0.04% | +0.04 |
| FAX Abrdn Asia-Pacific Income | Add +1555.8% | 0.28% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +361.8% | 1.28% | +0.03 |
| FTF Franklin Ltd. Dur Inc. TR | New | 0.03% | +0.03 |
| GBAB Guggenheim Taxable Municipal | New | 0.02% | +0.02 |
| BX Blackstone Inc. | Add +4047.8% | 0.43% | +0.02 |
| DBL Doubleline Opport Credit | Add +5475.8% | 0.39% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +66.5% | 0.96% | +0.00 |
| BBN BlackRock Taxable Muni BND | Add +20210.0% | 0.31% | +0.00 |
| PFN PIMCO Income Strategy FD II | Add +4006.2% | 0.05% | +0.00 |
| MFM Aberdeen Municipal Income | Add +2495.5% | 0.04% | −0.00 |
| EVN Eaton Vance Muni Inc. TR | Add +2320.0% | 0.24% | −0.00 |
| IIM Invesco Value Municipal Inco | Add +424.2% | 0.20% | −0.00 |
| KTF DWS Municipal Income Trust | Add +3970.6% | 0.05% | −0.00 |
| ZTR Virtus Total Return Fund Inc. | Add +7620.7% | 0.07% | −0.00 |
| DSM BNYM Strat Muni BND | Add +652.3% | 0.16% | −0.01 |
| EIM Eaton Vance Municipal Bond | Add +439.7% | 0.06% | −0.01 |
| GOF Guggenheim Strategic Opport | Add +847.6% | 0.09% | −0.01 |
| TEI Templeton Emrg MKTS Inc. | Add +34950.3% | 0.13% | −0.01 |
| XFRAX BlackRock Fltng RT Inc. Strat | Add +4425.9% | 0.08% | −0.01 |
| XMVTX BlackRock Munivest Fund II | Add +9221.4% | 0.15% | −0.01 |
| PDO PIMCO Dynamic Income Opport | Add +326.2% | 0.24% | −0.01 |
| NBB Nuveen Taxable Municipal Inc. | Add +2266.1% | 0.17% | −0.01 |
| DSL Doubleline Income Solutions | Add +2073.2% | 0.13% | −0.01 |
| BRW Saba Capital Income & Opport | Add +188699.5% | 0.10% | −0.01 |
| VVR Invesco Senior Income Trust | Add +25825.6% | 0.07% | −0.01 |
| JPC Nuveen Prefered & Income Opp | Add +3036.0% | 0.25% | −0.02 |
| BFK BlackRock Municipal Inc. TRST | Add +592.5% | 0.42% | −0.02 |
| VMO Invesco Municipal Opport | Add +1558.1% | 0.50% | −0.02 |
| VGM Invesco Trust for Investmen | Add +1048.6% | 0.86% | −0.02 |
| FPF First TR Interm Dur & Inc. | Add +9427.9% | 0.29% | −0.02 |
| VXUS Vanguard Total Intl Stock | Add +8585.3% | 0.81% | −0.02 |
| RA Brookfield Real Assets Incom | Add +2944.2% | 0.24% | −0.02 |
| PSF Cohen & Steers Select Prefer | Add +12990.5% | 0.48% | −0.03 |
| LEO BNY Mellon Strategic Muni | Add +394.1% | 1.46% | −0.03 |
| SABA Saba Capital Income & Opp II | Add +596.0% | 0.29% | −0.03 |
| DLY Doubleline Yield Opport | Add +1843.9% | 0.23% | −0.03 |
| EMB iShares JP Morgan Usd Emergi | Add +56.4% | 0.54% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Add +16333.2% | 0.92% | −0.04 |
| MDY State Street SPDR S&P Midcap | Add +9558.7% | 1.07% | −0.04 |
| BTT BlackRock 2030 Muni TRGT TRM | Add +2363.9% | 0.99% | −0.04 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +229.1% | 1.44% | −0.05 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +638.4% | 1.10% | −0.05 |
| NMCO Nuveen Municipal Credit Opp | Add +1154.2% | 0.94% | −0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 51 | $190.5M | AGG, BND, SPY, VTI, EMB |
| Q1 2026 | 47 | $163.7M | AGG, BND, SPY, VTI, PML |
| Q4 2025 | 59 | $175.5M | AGG, BND, SPY, VTI, PML |
| Q3 2025 | 67 | $176.0M | AGG, BND, SPY, VTI, PML |
| Q2 2025 | 62 | $161.2M | AGG, BND, SPY, VTI, NMZ |
| Q1 2025 | 63 | $156.3M | AGG, BND, SPY, VTI, NMZ |
| Q4 2024 | 63 | $157.9M | AGG, BND, SPY, VTI, NMZ |
| Q3 2024 | 64 | $165.2M | AGG, BND, SPY, VTI, PML |
| Q2 2024 | 63 | $157.0M | AGG, BND, SPY, VTI, NMZ |
| Q1 2024 | 63 | $156.9M | AGG, BND, SPY, VTI, NMZ |