HB Wealth Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), HB Wealth Management, LLC reported 1,366 stock positions worth $15.4 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 17.9% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 8.1%) and Avantis U.S. Equity ETF (AVUS, 3.8%). Compared with Q3 2025, it opened 115 new positions, sold out of 51, added to 798 and reduced 360. The biggest buy was JPMorgan Core Plus Bond ETF (JCPB, shares +19%) and the biggest sale Home Depot (HD, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Atlanta, GA
- CIK
- 0001911253
- Portfolio Value
- $15.4B (Q4 2025)
- SEC Filing
- 0001172661-26-000353 ↗ filed Jan 28, 2026
Holdings Value
Holdings 1,366 stocks · $15.4B
| VTI VG Morningstar TS MKT ETF-US | 17.92% | 8,648,161 | $2.8B | Add +1.1% |
| VIG Vanguard Dividend Apprec ETF | 8.06% | 5,705,891 | $1.2B | Add +3.5% |
| AVUS Avantis U.S. Equity ETF | 3.81% | 5,248,830 | $586.7M | Add +10.2% |
| JCPB JPMorgan Core Plus Bond ETF | 3.80% | 12,380,010 | $586.2M | Add +18.7% |
| VXUS Vanguard Total Intl Stock | 3.70% | 7,608,929 | $570.8M | Add +5.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.18% | 4,781,932 | $489.3M | Add +0.3% |
| JPST JPMorgan Ultra-Short Income | 3.08% | 9,443,109 | $475.3M | Add +1.5% |
| AAPL Apple Inc. | 2.72% | 1,540,363 | $418.8M | Add +1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.04% | 461,430 | $314.7M | Add +4.6% |
| IVW iShares S&P 500 Growth ETF | 1.90% | 2,372,059 | $292.4M | Reduce -1.6% |
| MSFT Microsoft Corp. | 1.66% | 530,310 | $256.5M | Add +3.5% |
| HD Home Depot Inc. | 1.53% | 684,670 | $235.6M | Reduce -0.2% |
| NVDA Nvidia Corp. | 1.23% | 1,017,240 | $189.7M | Add +7.0% |
| SCHB Schwab US Broad Market ETF | 1.14% | 6,688,619 | $175.4M | Reduce -0.1% |
| GSLC Goldman Activebeta US LC ETF | 1.04% | 1,211,257 | $160.3M | Add +5.5% |
| ITOT iShares Core S&P Total U.S. | 0.98% | 1,020,678 | $151.8M | Add +0.0% |
| IVV iShares Core S&P 500 ETF | 0.96% | 216,099 | $148.0M | Add +4.4% |
| AMZN Amazon.com Inc. | 0.93% | 618,057 | $142.7M | Add +3.2% |
| AVDE Avantis International Equity | 0.90% | 1,675,774 | $137.9M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 0.88% | 433,552 | $135.7M | Add +3.4% |
| VOO Vanguard S&P 500 ETF | 0.79% | 193,868 | $121.6M | Add +1.9% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.73% | 1,102,890 | $112.9M | Reduce -4.7% |
| GSIE Goldman Sachs Activebeta Int | 0.72% | 2,590,791 | $111.2M | Reduce -3.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.72% | 2,177,912 | $110.9M | Add +25.7% |
| GOOG Alphabet Inc. Class C | 0.69% | 339,688 | $106.6M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 171,864 | $86.4M | Add +3.6% |
| AVGO Broadcom Inc. | 0.55% | 246,730 | $85.4M | Add +5.9% |
| SCHX Schwab US Large-Cap ETF | 0.53% | 3,031,436 | $81.6M | Reduce -0.4% |
| AVEM Avantis Emerging Markets Eq | 0.52% | 1,042,342 | $80.3M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 0.52% | 246,837 | $79.5M | Add +2.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.49% | 1,025,935 | $75.5M | Reduce -1.2% |
| DFAC Dimensional US Core Equity 2 | 0.47% | 1,819,746 | $72.0M | Reduce -0.9% |
| DUHP Dimensional US High Profi Et | 0.45% | 1,828,670 | $69.5M | Add +19.2% |
| V Visa Inc. Class A | 0.44% | 195,054 | $68.4M | Add +0.3% |
| LLY Eli Lilly & Co. | 0.41% | 59,121 | $63.5M | Add +4.0% |
| DFAU Dimensional US Core Equity M | 0.41% | 1,343,300 | $62.9M | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 0.40% | 94,184 | $62.2M | Add +7.1% |
| JNJ Johnson & Johnson | 0.40% | 296,444 | $61.3M | Add +5.5% |
| SCHG Schwab US Large-Cap Growth | 0.39% | 1,834,718 | $59.8M | Reduce -0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.39% | 96,868 | $59.5M | Add +2.3% |
| ALB Albemarle Corp. | 0.37% | 402,083 | $56.9M | Reduce -8.7% |
| IWD iShares Russell 1000 Value E | 0.32% | 234,716 | $49.4M | Add +13.6% |
| TSLA Tesla Inc. | 0.32% | 109,182 | $49.1M | Add +9.9% |
| IWF iShares Russell 1000 Growth | 0.31% | 100,861 | $47.7M | Add +11.9% |
| HTRB Hartford TTL RTRN BND ETF | 0.31% | 1,393,493 | $47.6M | Reduce -10.0% |
| WMT Walmart Inc. | 0.31% | 426,903 | $47.6M | Add +2.2% |
| RSP Invesco S&P 500 Equal Weight | 0.29% | 230,519 | $44.2M | Add +5.0% |
| SCHD Schwab US DVD Equity ETF | 0.28% | 1,579,368 | $43.3M | Add +5.5% |
| MINT PIMCO Enhanced Short Maturit | 0.28% | 430,527 | $43.2M | Reduce -35.8% |
| KO The Coca-Cola Co. | 0.27% | 599,770 | $41.9M | Add +2.7% |
| GEM Goldman Sachs Activebeta Em | 0.27% | 998,597 | $41.6M | Reduce -5.5% |
| JSCP JPMorgan Short Duration Core | 0.26% | 835,354 | $39.7M | Reduce -7.1% |
| XOM Exxon Mobil Corp. | 0.26% | 328,891 | $39.6M | Add +5.0% |
| PG The Procter & Gamble Co. | 0.25% | 266,689 | $38.2M | Reduce -3.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.24% | 76,627 | $37.4M | Reduce -1.1% |
| AVUV Avantis US Small Cap Value | 0.24% | 365,486 | $37.3M | Reduce -2.5% |
| ACN Accenture PLC Class A | 0.24% | 135,208 | $36.3M | Add +1.1% |
| ORCL Oracle Corp. | 0.23% | 183,745 | $35.8M | Reduce -1.6% |
| SCHF Schwab Intl Equity ETF | 0.22% | 1,436,126 | $34.5M | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.22% | 115,712 | $33.6M | Reduce -2.1% |
| CSCO Cisco Systems Inc. | 0.21% | 420,597 | $32.4M | Add +2.4% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.20% | 75,077 | $31.0M | Reduce -0.2% |
| IWV iShares Russell 3000 ETF | 0.20% | 79,930 | $30.9M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.20% | 135,025 | $30.9M | Add +6.7% |
| IJR iShares Core S&P Small-Cap E | 0.19% | 249,759 | $30.0M | Reduce -0.8% |
| MA Mastercard Inc. Class A | 0.19% | 51,640 | $29.5M | Add +0.7% |
| RTX RTX Corp. | 0.19% | 160,677 | $29.5M | Reduce -2.2% |
| CVX Chevron Corp. | 0.18% | 186,022 | $28.4M | Reduce -7.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.18% | 37 | $27.9M | No change |
| T AT&T Inc. | 0.17% | 1,082,606 | $26.9M | Reduce -0.3% |
| GLD SPDR Gold Shares | 0.17% | 67,330 | $26.7M | Add +1.7% |
| MCD McDonald's Corp. | 0.17% | 86,813 | $26.5M | Add +0.2% |
| CAT Caterpillar Inc. | 0.17% | 45,409 | $26.0M | Add +1.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 86,702 | $25.7M | Add +5.0% |
| EFA iShares MSCI Eafe ETF | 0.16% | 262,631 | $25.2M | Add +9.0% |
| AXP American Express Co. | 0.16% | 66,568 | $24.6M | Add +2.1% |
| DGRW Wisdomtree U.S. Quality Divi | 0.16% | 269,353 | $24.1M | Reduce -2.8% |
| MRK Merck & Co. Inc. | 0.16% | 228,194 | $24.0M | Add +0.6% |
| COST Costco Wholesale Corp. | 0.15% | 27,397 | $23.6M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.15% | 409,871 | $22.5M | Add +5.2% |
| ABT Abbott Laboratories | 0.14% | 177,271 | $22.2M | Reduce -3.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 85,990 | $22.2M | Add +3.4% |
| VGT Vanguard Info Tech ETF | 0.14% | 29,279 | $22.1M | Add +9.9% |
| PEP Pepsico Inc. | 0.14% | 148,567 | $21.3M | Add +3.4% |
| LRCX Lam Research Corp. | 0.14% | 121,992 | $20.9M | Reduce -1.6% |
| NFLX Netflix Inc. | 0.14% | 222,631 | $20.9M | Add +10.4% |
| VONG Vanguard Russell 1000 Growth | 0.13% | 169,328 | $20.6M | Add +0.1% |
| NEU Newmarket Corp. | 0.13% | 29,864 | $20.5M | Reduce -0.3% |
| DGRO iShares Core Dividend Growth | 0.13% | 286,730 | $19.9M | Reduce -1.6% |
| HDV iShares Core High Dividend E | 0.13% | 158,665 | $19.3M | Reduce -1.8% |
| QLTY GMO U.S. Quality ETF | 0.13% | 500,906 | $19.3M | Add +8.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.12% | 211,434 | $18.9M | Add +16.2% |
| DVY iShares Select Dividend ETF | 0.12% | 133,966 | $18.9M | Add +5.7% |
| IGM iShares Expanded Tech Sector | 0.12% | 145,612 | $18.8M | Add +0.3% |
| IXUS iShares Core Intl Stock ETF | 0.12% | 217,656 | $18.4M | Add +3.5% |
| AMGN Amgen Inc. | 0.12% | 56,037 | $18.3M | Add +2.1% |
| HON Honeywell International Inc. | 0.12% | 91,266 | $17.8M | Reduce -1.6% |
| NEE Nextera Energy Inc. | 0.12% | 220,724 | $17.7M | Reduce -0.1% |
| SLDE Slide Insurance Holdings Inc. | 0.11% | 892,586 | $17.4M | Add +1375.7% |
| IAU iShares Gold Trust | 0.11% | 206,836 | $16.8M | Reduce -0.3% |
Options reported separately and not counted above: SPY calls ($8.4M), AAPL puts ($6.1M), MKC puts ($4.9M), NVDA puts ($4.5M), TROW puts ($3.1M), IWM calls ($2.5M), AMZN puts ($1.9M), JPM puts ($1.9M), EEM calls ($1.5M), EFA calls ($1.2M), NUE puts ($1.2M), DIS puts ($990K), and 7 more.
Other holdings (19): bonds, preferreds, convertibles and warrants · $13.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 1,576,000 | $1.5M | Add +9.1% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 1,709,000 | $1.5M | Add +17.5% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 1,444,000 | $1.5M | Reduce -3.0% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 1,460,000 | $1.4M | Reduce -2.9% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 1,360,000 | $1.3M | Reduce -1.7% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 1,265,000 | $1.2M | Add +6.7% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 1,284,000 | $1.2M | Reduce -1.8% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 1,082,000 | $1.0M | Reduce -1.5% |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | 38,587 | $935K | Reduce -2.3% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 971,000 | $913K | New |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 702,000 | $695K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 206 | $250K | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 21,000 | $24K | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 25,000 | $23K | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 20,000 | $21K | No change |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 19,000 | $17K | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 13,000 | $14K | No change |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 13,000 | $13K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 11,000 | $10K | No change |
Total filed on the 13F, all lines: $15.4B.
Portfolio Sells Q3 2025 → Q4 2025
| HD Home Depot Inc. | Reduce -0.2% | 1.53% | −0.36 |
| MINT PIMCO Enhanced Short Maturit | Reduce -35.8% | 0.28% | −0.18 |
| ORCL Oracle Corp. | Reduce -1.6% | 0.23% | −0.12 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.6% | 1.90% | −0.08 |
| TROW T Rowe Price Group Inc. | Reduce -4.7% | 0.73% | −0.07 |
| HTRB Hartford TTL RTRN BND ETF | Reduce -10.0% | 0.31% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -3.3% | 0.25% | −0.04 |
| OBDC Blue Owl Capital Corp. | Reduce -56.8% | 0.03% | −0.04 |
| NEU Newmarket Corp. | Reduce -0.3% | 0.13% | −0.04 |
| T AT&T Inc. | Reduce -0.3% | 0.17% | −0.03 |
| JSCP JPMorgan Short Duration Core | Reduce -7.1% | 0.26% | −0.03 |
| SCHB Schwab US Broad Market ETF | Reduce -0.1% | 1.14% | −0.03 |
| CVX Chevron Corp. | Reduce -7.7% | 0.18% | −0.03 |
| GSIE Goldman Sachs Activebeta Int | Reduce -3.4% | 0.72% | −0.03 |
| ABT Abbott Laboratories | Reduce -3.6% | 0.14% | −0.02 |
| GEM Goldman Sachs Activebeta Em | Reduce -5.5% | 0.27% | −0.02 |
| MSI Motorola Solutions Inc. | Reduce -36.3% | 0.02% | −0.02 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -15.9% | 0.04% | −0.02 |
| DFAU Dimensional US Core Equity M | Reduce -2.1% | 0.41% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.1% | 0.22% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -20.1% | 0.05% | −0.02 |
| HON Honeywell International Inc. | Reduce -1.6% | 0.12% | −0.02 |
| FISV Fiserv Inc. | Reduce -20.4% | 0.01% | −0.02 |
| TYL Tyler Technologies Inc. | Reduce -48.3% | 0.01% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.4% | 0.53% | −0.02 |
| CPRT Copart Inc. | Reduce -48.7% | 0.01% | −0.02 |
| DFAC Dimensional US Core Equity 2 | Reduce -0.9% | 0.47% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.2% | 0.49% | −0.01 |
| LIN Linde PLC | Reduce -8.9% | 0.05% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -7.8% | 0.05% | −0.01 |
| MANH Manhattan Associates Inc. | Reduce -55.1% | 0.01% | −0.01 |
| PWR Quanta Services Inc. | Reduce -15.8% | 0.06% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -2.8% | 0.09% | −0.01 |
| AMT American Tower Corp. | Reduce -10.6% | 0.05% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Reduce -6.0% | 0.03% | −0.01 |
| FIS Fidelity National Info Serv | Reduce -43.0% | 0.02% | −0.01 |
| SNPS Synopsys Inc. | Reduce -42.0% | 0.01% | −0.01 |
| GBDC Golub Capital BDC Inc. | Reduce -50.4% | 0.01% | −0.01 |
| CSGP Costar Group Inc. | Reduce -4.0% | 0.03% | −0.01 |
| AVUV Avantis US Small Cap Value | Reduce -2.5% | 0.24% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -4.0% | 0.07% | −0.01 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -2.8% | 0.16% | −0.01 |
| K Kellanova | Sold out | 0.00% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -3.2% | 0.09% | −0.01 |
| AFL Aflac Inc. | Reduce -14.1% | 0.05% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -0.3% | 0.39% | −0.01 |
| ZTS Zoetis Inc. | Reduce -50.6% | 0.01% | −0.01 |
| ACWI iShares MSCI Acwi ETF | Reduce -9.0% | 0.08% | −0.01 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| JCPB JPMorgan Core Plus Bond ETF | Add +18.7% | 3.80% | +0.43 |
| AVUS Avantis U.S. Equity ETF | Add +10.2% | 3.81% | +0.29 |
| GOOGL Alphabet Inc. Class A | Add +3.4% | 0.88% | +0.19 |
| VXUS Vanguard Total Intl Stock | Add +5.5% | 3.70% | +0.12 |
| JMST JPM Ultra-Short Muni Income | Add +25.7% | 0.72% | +0.12 |
| LLY Eli Lilly & Co. | Add +4.0% | 0.41% | +0.12 |
| SLDE Slide Insurance Holdings Inc. | Add +1375.7% | 0.11% | +0.11 |
| AAPL Apple Inc. | Add +1.2% | 2.72% | +0.08 |
| DUHP Dimensional US High Profi Et | Add +19.2% | 0.45% | +0.06 |
| VIG Vanguard Dividend Apprec ETF | Add +3.5% | 8.06% | +0.05 |
| JNJ Johnson & Johnson | Add +5.5% | 0.40% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.6% | 2.04% | +0.04 |
| IWD iShares Russell 1000 Value E | Add +13.6% | 0.32% | +0.03 |
| AMZN Amazon.com Inc. | Add +3.2% | 0.93% | +0.03 |
| AVGO Broadcom Inc. | Add +5.9% | 0.55% | +0.03 |
| MU Micron Technology Inc. | Add +13.8% | 0.06% | +0.03 |
| MRK Merck & Co. Inc. | Add +0.6% | 0.16% | +0.03 |
| NVDA Nvidia Corp. | Add +7.0% | 1.23% | +0.03 |
| AMD Advanced Micro Devices | Add +8.4% | 0.09% | +0.02 |
| CAT Caterpillar Inc. | Add +1.8% | 0.17% | +0.02 |
| GSLC Goldman Activebeta US LC ETF | Add +5.5% | 1.04% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +11.9% | 0.31% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +5.7% | 0.10% | +0.02 |
| CSCO Cisco Systems Inc. | Add +2.4% | 0.21% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +4.4% | 0.96% | +0.02 |
| TSLA Tesla Inc. | Add +9.9% | 0.32% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +4.8% | 0.11% | +0.02 |
| XOM Exxon Mobil Corp. | Add +5.0% | 0.26% | +0.02 |
| BSJQ Invesco Bulletshares 2026 HY | Add +279.8% | 0.02% | +0.02 |
| WBD Warner Bros Discovery Inc. | Add +2.9% | 0.05% | +0.02 |
| WMT Walmart Inc. | Add +2.2% | 0.31% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +16.2% | 0.12% | +0.01 |
| CB Chubb Ltd. | Add +11.2% | 0.09% | +0.01 |
| AMGN Amgen Inc. | Add +2.1% | 0.12% | +0.01 |
| GLD SPDR Gold Shares | Add +1.7% | 0.17% | +0.01 |
| AXP American Express Co. | Add +2.1% | 0.16% | +0.01 |
| DAL Delta Air Lines Inc. | Add +3.3% | 0.07% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.1% | 0.09% | +0.01 |
| AMAT Applied Materials Inc. | Add +5.7% | 0.06% | +0.01 |
| DHR Danaher Corp. | Add +5.3% | 0.08% | +0.01 |
| MS Morgan Stanley | Add +6.5% | 0.10% | +0.01 |
| QLTY GMO U.S. Quality ETF | Add +8.4% | 0.13% | +0.01 |
| ACN Accenture PLC Class A | Add +1.1% | 0.24% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +9.0% | 0.16% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +4.6% | 0.11% | +0.01 |
| BAC Bank of America Corp. | Add +5.2% | 0.15% | +0.01 |
| KO The Coca-Cola Co. | Add +2.7% | 0.27% | +0.01 |
| VUSB Vanguard Ultra Short Bond Et | Add +179.2% | 0.01% | +0.01 |
| C Citigroup Inc. | Add +4.0% | 0.07% | +0.01 |
| IBM Intl Business Machines Corp. | Add +5.0% | 0.17% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -9.6% | 12,300 | $8.4M |
| MKC McCormick & Co.-Non VTG SHRS | put | Add +11.4% | 71,400 | $4.9M |
| NVDA Nvidia Corp. | put | Add +33.0% | 24,200 | $4.5M |
| AXSM Axsome Therapeutics Inc. | put | Sold out | 25,800 | $3.1Mbefore exit |
| AMZN Amazon.com Inc. | put | Reduce -15.2% | 8,400 | $1.9M |
| JPM JPMorgan Chase & Co. | put | New | 6,000 | $1.9M |
| EFA iShares MSCI Eafe ETF | call | Reduce -77.0% | 13,000 | $1.2M |
| DIS The Walt Disney Co. | put | Reduce -5.4% | 8,700 | $990K |
| AVGO Broadcom Inc. | put | New | 700 | $242K |
| IOVA Iovance Biotherapeutics Inc. | call | Sold out | 2,000 | $4Kbefore 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
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | Add +9.1% | 1,576,000 | $1.5M |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | Add +17.5% | 1,709,000 | $1.5M |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | Sold out | 1,510,000 | $1.5Mbefore exit |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Reduce -3.0% | 1,444,000 | $1.5M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Reduce -2.9% | 1,460,000 | $1.4M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -1.7% | 1,360,000 | $1.3M |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Add +6.7% | 1,265,000 | $1.2M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Reduce -1.8% | 1,284,000 | $1.2M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -1.5% | 1,082,000 | $1.0M |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | Reduce -2.3% | 38,587 | $935K |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | New | 971,000 | $913K |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | New | 25,000 | $23K |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 20,000 | $23Kbefore exit |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 16,000 | $16Kbefore 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 | 1,700 | $17.8B | VTI, VIG, AVUS, JCPB, VXUS |
| Q1 2026 | 1,525 | $15.4B | VTI, VIG, JCPB, AVUS, VXUS |
| Q4 2025 | 1,366 | $15.4B | VTI, VIG, AVUS, JCPB, VXUS |
| Q3 2025 | 1,302 | $14.7B | VTI, VIG, VXUS, AVUS, JCPB |
| Q2 2025 | 1,142 | $12.5B | VTI, VIG, JPST, VXUS, SPYG |
| Q1 2025 | 1,178 | $11.9B | VTI, VIG, JPST, SPYG, VXUS |
| Q4 2024 | 1,040 | $9.8B | VTI, VIG, JPST, SPYG, MINT |
| Q3 2024 | 948 | $9.3B | VTI, VIG, JPST, SPYG, VXUS |
| Q2 2024 | 896 | $8.6B | VTI, VIG, JPST, SPYG, VXUS |
| Q1 2024 | 839 | $7.9B | VTI, VIG, JPST, VXUS, SPYG |