High Note Wealth, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), High Note Wealth, LLC reported 877 stock positions worth $403.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.8% of the portfolio, followed by iShares Trust iShares ESG Aw (ESGD, 6.2%) and Schwab US Mid Cap ETF (SCHM, 5.5%). Compared with Q4 2024, it opened 89 new positions, sold out of 101, added to 150 and reduced 206. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +99%) and the biggest sale SS Technology Select Sector (XLK, shares −3%).

Most Recent 13F
Q2 2026
Location
DEEPHAVEN, MN
CIK
0001807283
Portfolio Value
$403.8M (Q1 2025)
SEC Filing
0001807283-25-000003 ↗ filed May 1, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $307.2M Q1 2024 Q2 2024: $327.3M Q2 2024 Q3 2024: $349.8M Q3 2024 Q4 2024: $384.2M Q4 2024 Q1 2025: $403.8M $403.8M Q1 2025 Q2 2025: $436.8M Q2 2025 Q3 2025: $498.1M Q3 2025 Q4 2025: $510.7M Q4 2025 Q1 2026: $508.8M Q1 2026 Q2 2026: $586.1M Q2 2026

Holdings 877 stocks · $403.8M
IVV iShares Core S&P 500 ETF 9.78% 70,261 $39.5M Add +5.4%
ESGD iShares Trust iShares ESG Aw 6.24% 308,414 $25.2M Add +5.1%
SCHM Schwab US Mid Cap ETF 5.50% 847,296 $22.2M Add +2.9%
XLK SS Technology Select Sector 5.12% 100,203 $20.7M Reduce -2.8%
AAPL Apple Inc. 4.25% 77,246 $17.2M Reduce -1.0%
AGG iShares Core U.S. Aggregate 4.01% 163,812 $16.2M Add +96.1%
TLT iShares 20+ Year Treasury BD 4.00% 177,350 $16.1M Add +99.0%
DBEF Xtrackers MSCI Eafe Hedged E 3.98% 371,207 $16.1M Add +4.7%
SCUS Schwab Ultra-Short Inc. ETF 2.77% 443,675 $11.2M Add +81.4%
XLV SS Health Care Select Sector 2.76% 76,205 $11.1M Reduce -3.6%
VB Vanguard Most SM-Cap ETF-Usd 2.59% 47,195 $10.5M Add +1.5%
IEF iShares 7-10 Year Treasury B 2.52% 106,779 $10.2M Add +97.5%
BRK.B Berkshire Hathaway Inc. Class B 2.28% 17,315 $9.2M Reduce -0.4%
ESGE iShares Inc. iShares ESG Awar 2.06% 238,527 $8.3M Reduce -10.4%
AMZN Amazon.com Inc. 2.06% 43,711 $8.3M Reduce -1.7%
QQQ Invesco QQQ Trust Series 1 2.00% 17,202 $8.1M Add +3.6%
MSFT Microsoft Corp. 1.98% 21,310 $8.0M Reduce -2.3%
UNH Unitedhealth Group Inc. 1.93% 14,841 $7.8M Reduce -34.2%
AZO AutoZone Inc. 1.92% 2,034 $7.8M Reduce -0.3%
GOOGL Alphabet Inc. Class A 1.89% 49,302 $7.6M Reduce -1.2%
JPM JPMorgan Chase & Co. 1.70% 28,014 $6.9M Reduce -0.1%
PLTR Palantir Technologies Inc. Class A 1.56% 74,609 $6.3M Reduce -0.9%
XLC SS Comm Select Sector SPDR 1.40% 58,532 $5.6M Reduce -3.7%
WMT Walmart Inc. 1.37% 63,019 $5.5M Reduce -0.0%
XLE SS Energy Select Sector 1.14% 49,051 $4.6M Reduce -3.3%
FLTR Vaneck Ig Floating Rate ETF 1.09% 171,841 $4.4M Reduce -31.0%
ABBV Abbvie Inc. 1.05% 20,223 $4.2M Add +0.8%
XLI SS Industrial Select Sector 1.01% 31,266 $4.1M Reduce -3.2%
DDLS Wisdmtre DY Int Smlcap Ef-US 0.99% 113,174 $4.0M Add +6.3%
EMXC iShares MSCI Emr MRK Ex Chna 0.89% 64,952 $3.6M Add +23.7%
CI The Cigna Group 0.84% 10,360 $3.4M Reduce -1.9%
RTX RTX Corp. 0.83% 25,287 $3.3M Add +0.1%
FXI iShares China Large-Cap ETF 0.78% 88,155 $3.2M New
XLF SS Financial Select Sector 0.70% 56,951 $2.8M Reduce -3.9%
LLY Eli Lilly & Co. 0.65% 3,170 $2.6M Reduce -0.8%
XLB SS Materials Select Sector 0.57% 26,883 $2.3M Reduce -3.9%
FRDM Freedom 100 Emeging MRKT ETF 0.54% 62,347 $2.2M Add +164.5%
GD General Dynamics Corp. 0.53% 7,899 $2.2M Reduce -4.8%
LMT Lockheed Martin Corp. 0.52% 4,687 $2.1M Reduce -3.5%
NVDA Nvidia Corp. 0.48% 17,873 $1.9M Add +0.5%
SCHP Schwab U.S. Tips ETF 0.48% 71,745 $1.9M Reduce -41.6%
CSCO Cisco Systems Inc. 0.45% 29,750 $1.8M Reduce -3.1%
XOM Exxon Mobil Corp. 0.44% 15,064 $1.8M Reduce -0.2%
EBAY eBay Inc. 0.37% 22,086 $1.5M Reduce -2.2%
XLP SS Consumer Staples Sel Sect 0.33% 16,081 $1.3M Reduce -4.2%
VOOG Vanguard S&P 500 Growth ETF 0.31% 3,785 $1.3M No change
BSX Boston Scientific Corp. 0.31% 12,484 $1.3M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.28% 4,384 $1.1M Reduce -1.1%
TRV The Travelers Cos Inc. 0.25% 3,763 $995K Reduce -0.1%
IJH iShares Core S&P Midcap ETF 0.24% 16,480 $962K Reduce -1.8%
MRK Merck & Co. Inc. 0.23% 10,203 $916K Reduce -3.9%
BKNG Booking Holdings Inc. 0.21% 182 $838K Reduce -8.5%
SBUX Starbucks Corp. 0.20% 8,281 $812K No change
JNJ Johnson & Johnson 0.20% 4,810 $798K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 1,385 $775K No change
NUMG Nuveen ESG Mid-Cap Grow ETF 0.18% 17,222 $739K Reduce -5.1%
CRM Salesforce Inc. 0.18% 2,747 $737K Reduce -0.3%
META Meta Platforms Inc. Class A 0.18% 1,260 $726K Reduce -5.0%
ECL Ecolab Inc. 0.18% 2,818 $714K Add +20.5%
K Kellanova 0.17% 8,250 $681K No change
UNP Union Pacific Corp. 0.15% 2,594 $613K Reduce -5.9%
GOOG Alphabet Inc. Class C 0.14% 3,707 $579K Reduce -0.1%
SHV iShares 0-1 Year Treasury Bo 0.14% 5,230 $578K Reduce -6.1%
VGT Vanguard Info Tech ETF 0.14% 1,039 $564K No change
ORCL Oracle Corp. 0.14% 3,912 $547K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.13% 8,018 $527K Add +4.9%
SPGP Invesco S&P 500 Garp ETF 0.12% 4,996 $499K Reduce -2.8%
EXAS Exact Sciences Corp. 0.11% 10,710 $464K Add +225.5%
ATEC Alphatec Holdings Inc. 0.11% 45,000 $456K No change
MDT Medtronic PLC 0.11% 5,059 $455K Reduce -6.6%
COST Costco Wholesale Corp. 0.11% 479 $453K No change
SAP Sap SE-Sponsored ADR 0.11% 1,633 $438K Reduce -4.5%
PNR Pentair PLC 0.11% 4,900 $429K No change
ANIP Ani Pharmaceuticals Inc. 0.10% 5,802 $388K No change
DLR Digital Realty Trust Inc. 0.10% 2,686 $385K Reduce -40.7%
ITGR Integer Holdings Corp. 0.09% 3,200 $378K No change
CLFD Clearfield Inc. 0.09% 12,375 $368K No change
AVGO Broadcom Inc. 0.09% 2,104 $352K No change
VOO Vanguard S&P 500 ETF 0.08% 650 $334K No change
HD Home Depot Inc. 0.08% 900 $330K No change
OEF iShares S&P 100 ETF 0.08% 1,166 $316K No change
GIS General Mills Inc. 0.08% 5,119 $306K Add +7.7%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.07% 715 $300K No change
WSM Williams-Sonoma Inc. 0.07% 1,872 $296K No change
MCD McDonald's Corp. 0.07% 947 $296K Reduce -0.2%
TSLA Tesla Inc. 0.07% 1,124 $291K Add +7.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 2,734 $270K Add +0.4%
VEA Vanguard Ftse Developed ETF 0.06% 4,892 $249K Reduce -0.8%
GKOS Glaukos Corp. 0.06% 2,517 $248K Reduce -15.1%
XBI SS SPDR S&P Biotech ETF 0.06% 2,892 $235K Reduce -36.9%
UMBF Umb Financial Corp. 0.06% 2,312 $234K New
MMM 3M Co. 0.06% 1,549 $227K No change
USB US Bancorp 0.06% 5,387 $227K Add +76.3%
AON Aon PLC Class A 0.05% 549 $219K Add +1.7%
PFE Pfizer Inc. 0.05% 8,646 $219K Add +0.7%
PG The Procter & Gamble Co. 0.05% 1,235 $210K No change
MA Mastercard Inc. Class A 0.05% 381 $209K No change
XEL Xcel Energy Inc. 0.05% 2,694 $191K No change
PYPL PayPal Holdings Inc. 0.05% 2,853 $186K Reduce -5.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 743 $185K No change

Show all 877 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $858 (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 31$858No change
Lines left out (4) · $191 — a value with no share or principal amount
SecurityClassSharesValue
DPZ Domino's Pizza Inc. COM0$99
LQD Ishr Ibx Usd Invgd CB ETF-Ui IBOXX INV CP ETF0$52
IGSB iShares 1-5Y Inv Grade Corp. ISHS 1-5YR INVS0$25
GTO Invesco Total Return Bond Et TOTAL RETURN0$15

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $403.8M.

Portfolio Sells Q4 2024 → Q1 2025
XLK SS Technology Select Sector Reduce -2.8% 5.12% −1.11
UNH Unitedhealth Group Inc. Reduce -34.2% 1.93% −1.04
AAPL Apple Inc. Reduce -1.0% 4.25% −0.84
GOOGL Alphabet Inc. Class A Reduce -1.2% 1.89% −0.57
FLTR Vaneck Ig Floating Rate ETF Reduce -31.0% 1.09% −0.56
AMZN Amazon.com Inc. Reduce -1.7% 2.06% −0.48
MSFT Microsoft Corp. Reduce -2.3% 1.98% −0.41
SCHP Schwab U.S. Tips ETF Reduce -41.6% 0.48% −0.35
ESGE iShares Inc. iShares ESG Awar Reduce -10.4% 2.06% −0.25
XLC SS Comm Select Sector SPDR Reduce -3.7% 1.40% −0.13
DLR Digital Realty Trust Inc. Reduce -40.7% 0.10% −0.11
WMT Walmart Inc. Reduce -0.0% 1.37% −0.11
LMT Lockheed Martin Corp. Reduce -3.5% 0.52% −0.10
XLI SS Industrial Select Sector Reduce -3.2% 1.01% −0.09
XLV SS Health Care Select Sector Reduce -3.6% 2.76% −0.08
HTLF Heartland Financial USA Inc. Sold out 0.00% −0.07
CRM Salesforce Inc. Reduce -0.3% 0.18% −0.06
GKOS Glaukos Corp. Reduce -15.1% 0.06% −0.05
XBI SS SPDR S&P Biotech ETF Reduce -36.9% 0.06% −0.05
MRK Merck & Co. Inc. Reduce -3.9% 0.23% −0.05
JPM JPMorgan Chase & Co. Reduce -0.1% 1.70% −0.05
BKNG Booking Holdings Inc. Reduce -8.5% 0.21% −0.04
XLF SS Financial Select Sector Reduce -3.9% 0.70% −0.04
NUMG Nuveen ESG Mid-Cap Grow ETF Reduce -5.1% 0.18% −0.04
GOOG Alphabet Inc. Class C Reduce -0.1% 0.14% −0.04
XLB SS Materials Select Sector Reduce -3.9% 0.57% −0.04
GD General Dynamics Corp. Reduce -4.8% 0.53% −0.04
IJH iShares Core S&P Midcap ETF Reduce -1.8% 0.24% −0.03
CCI Crown Castle Inc. Reduce -46.9% 0.04% −0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.1% 0.28% −0.02
META Meta Platforms Inc. Class A Reduce -5.0% 0.18% −0.02
PYPL PayPal Holdings Inc. Reduce -5.4% 0.05% −0.02
CSCO Cisco Systems Inc. Reduce -3.1% 0.45% −0.02
XLP SS Consumer Staples Sel Sect Reduce -4.2% 0.33% −0.02
SPGP Invesco S&P 500 Garp ETF Reduce -2.8% 0.12% −0.02
SHV iShares 0-1 Year Treasury Bo Reduce -6.1% 0.14% −0.02
XMQTX BlackRock Muniyield QLTY II Reduce -41.5% 0.02% −0.01
VGM Invesco Trust for Investmen Reduce -38.5% 0.02% −0.01
UNP Union Pacific Corp. Reduce -5.9% 0.15% −0.01
TGT Target Corp. Reduce -0.2% 0.03% −0.01
LEA Lear Corp. Reduce -21.6% 0.02% −0.01
NKE Nike Inc. Class B Reduce -0.1% 0.04% −0.01
BBY Best Buy Co. Inc. Reduce -0.1% 0.04% −0.01
VGIT Vanguard Intermediate-Term T Reduce -31.9% 0.01% −0.01
FFIV F5 Inc. Reduce -14.1% 0.03% −0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -7.8% 0.03% −0.00
DEO Diageo PLC-Sponsored ADR Reduce -0.5% 0.01% −0.00
FV First Trust DW Focus 5 Fund Sold out 0.00% −0.00
TSM Taiwan Semiconductor-SP ADR Reduce -3.1% 0.01% −0.00
KMI Kinder Morgan Inc. Reduce -71.8% 0.00% −0.00

Portfolio Buys Q4 2024 → Q1 2025
TLT iShares 20+ Year Treasury BD Add +99.0% 4.00% +1.97
AGG iShares Core U.S. Aggregate Add +96.1% 4.01% +1.91
IEF iShares 7-10 Year Treasury B Add +97.5% 2.52% +1.22
SCUS Schwab Ultra-Short Inc. ETF Add +81.4% 2.77% +1.17
FXI iShares China Large-Cap ETF New 0.78% +0.78
ESGD iShares Trust iShares ESG Aw Add +5.1% 6.24% +0.42
FRDM Freedom 100 Emeging MRKT ETF Add +164.5% 0.54% +0.34
DBEF Xtrackers MSCI Eafe Hedged E Add +4.7% 3.98% +0.16
EMXC iShares MSCI Emr MRK Ex Chna Add +23.7% 0.89% +0.13
ABBV Abbvie Inc. Add +0.8% 1.05% +0.12
RTX RTX Corp. Add +0.1% 0.83% +0.07
EXAS Exact Sciences Corp. Add +225.5% 0.11% +0.07
UMBF Umb Financial Corp. New 0.06% +0.06
ECL Ecolab Inc. Add +20.5% 0.18% +0.03
DDLS Wisdmtre DY Int Smlcap Ef-US Add +6.3% 0.99% +0.02
USB US Bancorp Add +76.3% 0.06% +0.02
CMCO Columbus McKinnon Corp. New 0.01% +0.01
WFC Wells Fargo & Co. Add +60.1% 0.02% +0.01
FISV Fiserv Inc. Add +48.6% 0.02% +0.01
PFG Principal Financial Group New 0.01% +0.01
AON Aon PLC Class A Add +1.7% 0.05% +0.00
WM Waste Management Inc. Add +0.2% 0.03% +0.00
ELV Elevance Health Inc. Add +73.7% 0.00% +0.00
CL Colgate-Palmolive Co. New 0.00% +0.00
UBER Uber Technologies Inc. Add +1.9% 0.01% +0.00
BAX Baxter International Inc. Add +95.1% 0.00% +0.00
QRVO Qorvo Inc. New 0.00% +0.00
SHW The Sherwin-Williams Co. Add +75.0% 0.00% +0.00
ADMA Adma Biologics Inc. New 0.00% +0.00
AL Sumisho Air Lease Corp. Add +109.0% 0.00% +0.00
CTRE Caretrust REIT Inc. New 0.00% +0.00
GWRE Guidewire Software Inc. New 0.00% +0.00
INVX Innovex International Inc. New 0.00% +0.00
TRNO Terreno Realty Corp. New 0.00% +0.00
GRMN Garmin Ltd. New 0.00% +0.00
APO Apollo Global Management Inc. Add +1600.0% 0.00% +0.00
DVAX Dynavax Technologies Corp. New 0.00% +0.00
AJG Arthur J Gallagher & Co. Add +8.8% 0.01% +0.00
MDLZ Mondelez International Inc. Class A Add +9.4% 0.01% +0.00
NOV Nov Inc. Add +151.0% 0.00% +0.00
FLEX Flex Ltd. Add +3525.0% 0.00% +0.00
ACIW Aci Worldwide Inc. New 0.00% +0.00
HOG Harley-Davidson Inc. New 0.00% +0.00
TILE Interface Inc. New 0.00% +0.00
IFF Intl Flavors & Fragrances New 0.00% +0.00
PDCO Patterson Cos Inc. New 0.00% +0.00
BF.B Brown-Forman Corp. Class B New 0.00% +0.00
CENTA Central Garden and Pet Co. Class A New 0.00% +0.00
FOX Fox Corp. Class B New 0.00% +0.00
THRM Gentherm Inc. New 0.00% +0.00

Notes & Other Activity Q4 2024 → Q1 2025
LQD Ishr Ibx Usd Invgd CB ETF-Ui IBOXX INV CP ETF Reduce -100.0% 0 $52
IGSB iShares 1-5Y Inv Grade Corp. ISHS 1-5YR INVS Reduce -100.0% 0 $25
VST Vistra Corp. COM Reduce -100.0% 0 $0
WDS Woodside Energy Group-ADR SPONSORED ADR Reduce -100.0% 0 $0
PEG Public Service Enterprise GP COM Sold out 0 $0before exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 955$586.1MIVV, XLK, SCHM, ESGD, BIL
Q1 2026 932$508.8MIVV, ESGD, SCHM, XLK, DBEF
Q4 2025 906$510.7MIVV, ESGD, SCHM, XLK, AAPL
Q3 2025 863$498.1MIVV, ESGD, XLK, SCHM, DBEF
Q2 2025 870$436.8MIVV, ESGD, XLK, SCHM, DBEF
Q1 2025 877$403.8MIVV, ESGD, SCHM, XLK, AAPL
Q4 2024 891$384.2MIVV, XLK, SCHM, ESGD, AAPL
Q3 2024 101$349.8MIVV, ESGD, XLK, SCHM, AAPL
Q2 2024 95$327.3MIVV, XLK, ESGD, SCHM, AAPL
Q1 2024 94$307.2MXLK, ESGD, IVV, SCHM, DBEF