Horst & Graben Wealth Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Horst & Graben Wealth Management LLC reported 173 stock positions worth $604.0 million. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 6.3% of the portfolio, followed by Ishrs US E F R A ETF-Usd (DYNF, 5.5%) and Schwab US Aggregate Bond ETF (SCHZ, 5.3%). Compared with Q1 2025, it opened 19 new positions, sold out of 7, added to 82 and reduced 64. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +105%) and the biggest sale Ste STR SPDR PT S&P 500 ETF (SPYM, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001818207
- Portfolio Value
- $604.0M (Q2 2025)
- SEC Filing
- 0001754960-25-000489 ↗ filed Jul 29, 2025
Holdings Value
Holdings 173 stocks · $604.0M
| QUAL iShares MSCI USA Quality Fac | 6.30% | 208,285 | $38.1M | Add +4.4% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 5.49% | 609,461 | $33.2M | Reduce -6.0% |
| SCHZ Schwab US Aggregate Bond ETF | 5.34% | 1,387,242 | $32.2M | Reduce -6.8% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 5.16% | 674,297 | $31.2M | Reduce -22.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.99% | 414,348 | $30.1M | Reduce -44.0% |
| IVW iShares S&P 500 Growth ETF | 4.66% | 255,430 | $28.1M | Reduce -11.6% |
| EFV iShares MSCI Eafe Value ETF | 4.57% | 435,067 | $27.6M | Add +39.0% |
| MBB iShares MBS ETF | 3.35% | 215,728 | $20.3M | Reduce -1.9% |
| IVE iShares S&P 500 Value ETF | 3.29% | 101,626 | $19.9M | Add +7.5% |
| IEMG iShares Core MSCI Emerging | 3.06% | 307,789 | $18.5M | Add +105.0% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 2.94% | 385,027 | $17.8M | Add +97.0% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.81% | 320,763 | $16.9M | Reduce -3.5% |
| IWY iShares Russell Top 200 Grow | 2.44% | 59,889 | $14.8M | Reduce -11.3% |
| IYW iShares Ustechnology ETF | 2.32% | 80,737 | $14.0M | Reduce -4.6% |
| EFG iShares MSCI Eafe Growth ETF | 2.16% | 116,529 | $13.1M | Reduce -0.7% |
| THRO iShares U.S. Thematic Rotati | 1.95% | 330,879 | $11.8M | Add +377.5% |
| IVV iShares Core S&P 500 ETF | 1.92% | 18,668 | $11.6M | Reduce -13.0% |
| TLT iShares 20+ Year Treasury BD | 1.89% | 129,633 | $11.4M | Add +12.8% |
| IWX iShares Russell Top 200 Valu | 1.64% | 117,978 | $9.9M | Reduce -1.2% |
| XLG Invesco S&P 500 Top 50 ETF | 1.61% | 186,806 | $9.7M | Add +60.7% |
| AAPL Apple Inc. | 1.56% | 45,787 | $9.4M | Add +1.6% |
| IAGG iShares Intl Aggregate Bond | 1.33% | 156,772 | $8.0M | New |
| SPMO Invesco S&P 500 Momentum ETF | 1.24% | 66,581 | $7.5M | Add +4.8% |
| OEF iShares S&P 100 ETF | 1.01% | 20,074 | $6.1M | Add +51.3% |
| NVDA Nvidia Corp. | 0.99% | 37,792 | $6.0M | Add +3.0% |
| TSLA Tesla Inc. | 0.91% | 17,381 | $5.5M | Add +1.7% |
| EMB iShares JP Morgan Usd Emergi | 0.85% | 55,530 | $5.1M | Reduce -2.5% |
| GLDM SPDR Gold Minishares Trust | 0.81% | 74,458 | $4.9M | Reduce -24.1% |
| LCTU iShares U.S. Carbon Transiti | 0.80% | 71,468 | $4.8M | Reduce -5.1% |
| BAI Ishrs AI in and Tech Act ETF | 0.77% | 162,181 | $4.7M | New |
| EAGG iShares ESG Aware US Aggrega | 0.68% | 87,005 | $4.1M | Reduce -1.4% |
| SUSC iShares ESG Aware Usd Corpor | 0.66% | 172,120 | $4.0M | Add +7.4% |
| ESGU iShares ESG Aware MSCI USA | 0.61% | 27,337 | $3.7M | Reduce -2.3% |
| NKE Nike Inc. Class B | 0.59% | 49,763 | $3.5M | Add +2.2% |
| IAU iShares Gold Trust | 0.58% | 55,709 | $3.5M | Reduce -4.5% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.57% | 29,797 | $3.5M | Reduce -4.8% |
| MSFT Microsoft Corp. | 0.55% | 6,727 | $3.3M | Add +2.5% |
| USXF iShares ESG Advance MSCI USA | 0.50% | 56,386 | $3.0M | Reduce -22.5% |
| CVX Chevron Corp. | 0.50% | 21,055 | $3.0M | Reduce -0.4% |
| DLR Digital Realty Trust Inc. | 0.46% | 16,030 | $2.8M | Add +0.4% |
| STIP iShares 0-5 Year Tips Bond E | 0.44% | 25,592 | $2.6M | New |
| MTUM iShares MSCI USA Momentum Fa | 0.43% | 10,892 | $2.6M | Add +30.9% |
| PG The Procter & Gamble Co. | 0.42% | 15,853 | $2.5M | Reduce -0.5% |
| TLH iShares 10-20 Year Treasury | 0.39% | 23,117 | $2.3M | Add +0.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.38% | 36,087 | $2.3M | Reduce -80.9% |
| IWP iShares Russell Mid-Cap Grow | 0.37% | 16,319 | $2.3M | Reduce -0.7% |
| ORCL Oracle Corp. | 0.33% | 9,234 | $2.0M | Reduce -0.8% |
| IWB iShares Russell 1000 ETF | 0.33% | 5,938 | $2.0M | Add +63.9% |
| EUSB Ishr ESG Advn Universal BD-$ | 0.33% | 45,690 | $2.0M | Add +9.0% |
| GOVT iShares US Treasury Bond ETF | 0.33% | 85,602 | $2.0M | Add +0.7% |
| ILCG iShares Morningstar Growth E | 0.31% | 19,083 | $1.8M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 0.30% | 1,814 | $1.8M | Add +0.1% |
| IWS iShares Russell Mid-Cap Valu | 0.29% | 13,332 | $1.8M | Reduce -4.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 3,526 | $1.7M | Add +0.9% |
| AMZN Amazon.com Inc. | 0.28% | 7,583 | $1.7M | Add +2.7% |
| NOW ServiceNow Inc. | 0.27% | 1,581 | $1.6M | Reduce -2.2% |
| AVGO Broadcom Inc. | 0.27% | 5,861 | $1.6M | Add +20.3% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.26% | 21,038 | $1.6M | Reduce -4.1% |
| VIG Vanguard Dividend Apprec ETF | 0.26% | 7,559 | $1.5M | Reduce -1.3% |
| IVLU iShares MSCI International V | 0.23% | 42,557 | $1.4M | Reduce -13.4% |
| ICVT iShares Convertible Bond ETF | 0.23% | 15,174 | $1.4M | Reduce -24.9% |
| MKL Markel Group Inc. | 0.22% | 677 | $1.4M | Add +0.1% |
| ESGE iShares Inc. iShares ESG Awar | 0.22% | 34,357 | $1.3M | Add +1.6% |
| UPS United Parcel Service Class B | 0.22% | 13,236 | $1.3M | Add +0.1% |
| EGP Eastgroup Properties Inc. | 0.21% | 7,503 | $1.3M | Add +0.1% |
| GNMA iShares Gnma Bond ETF | 0.20% | 27,840 | $1.2M | Reduce -48.3% |
| EMGF iShares Emerging Markets Equ | 0.20% | 22,822 | $1.2M | Add +120.1% |
| ITOT iShares Core S&P Total U.S. | 0.18% | 8,136 | $1.1M | Add +120.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 1,930 | $1.1M | Add +34.5% |
| HASI Ha Sustainable Infrastructur | 0.17% | 38,851 | $1.0M | Add +0.1% |
| CCI Crown Castle Inc. | 0.17% | 10,010 | $1.0M | Add +0.0% |
| CSCO Cisco Systems Inc. | 0.17% | 14,613 | $1.0M | Reduce -1.1% |
| MAA Mid-America Apartment Comm | 0.17% | 6,811 | $1.0M | Add +0.2% |
| LCTD iShares World Ex U.S. Carbon | 0.17% | 19,757 | $1.0M | Add +3.4% |
| ILCV iShares Morningstar Value Et | 0.17% | 11,964 | $998K | Add +17.4% |
| BNDX Vanguard Total Intl Bond ETF | 0.16% | 19,778 | $979K | New |
| META Meta Platforms Inc. Class A | 0.16% | 1,307 | $965K | Add +23.3% |
| ESS Essex Property Trust Inc. | 0.15% | 3,220 | $913K | No change |
| SHOP Shopify Inc. Class A | 0.15% | 7,616 | $879K | Reduce -1.5% |
| GS Goldman Sachs Group Inc. | 0.14% | 1,201 | $850K | Add +0.7% |
| PM Philip Morris International | 0.14% | 4,585 | $835K | Add +0.8% |
| SCHX Schwab US Large-Cap ETF | 0.14% | 33,842 | $827K | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 0.13% | 2,732 | $792K | Reduce -0.2% |
| MO Altria Group Inc. | 0.13% | 13,493 | $791K | Add +1.3% |
| CWB SS SPDR BB Conv Sec ETF | 0.13% | 9,456 | $782K | Reduce -20.4% |
| OKE Oneok Inc. | 0.12% | 9,200 | $751K | Reduce -0.3% |
| CAT Caterpillar Inc. | 0.12% | 1,934 | $751K | Reduce -0.4% |
| AMT American Tower Corp. | 0.12% | 3,353 | $741K | Add +0.3% |
| TRNO Terreno Realty Corp. | 0.12% | 13,165 | $738K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.12% | 2,601 | $728K | No change |
| PANW Palo Alto Networks Inc. | 0.12% | 3,404 | $697K | Add +129.2% |
| IEV iShares Europe ETF | 0.12% | 11,006 | $696K | Add +4.1% |
| KO The Coca-Cola Co. | 0.11% | 9,144 | $647K | Add +0.3% |
| IGM iShares Expanded Tech Sector | 0.11% | 5,679 | $638K | Add +41.4% |
| JNJ Johnson & Johnson | 0.10% | 4,141 | $633K | Reduce -3.9% |
| SDY SS SPDR S&P Dividend ETF | 0.10% | 4,524 | $614K | Reduce -0.9% |
| SBUX Starbucks Corp. | 0.10% | 6,485 | $594K | Add +0.5% |
| PSA Public Storage | 0.10% | 2,018 | $592K | Reduce -0.3% |
| AAAU Goldman Sachs Physical Gold | 0.09% | 16,553 | $541K | New |
| ESGD iShares Trust iShares ESG Aw | 0.09% | 6,061 | $541K | New |
Portfolio Sells Q1 2025 → Q2 2025
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -44.0% | 4.99% | −3.73 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -22.8% | 5.16% | −2.06 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -80.9% | 0.38% | −1.49 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -6.8% | 5.34% | −0.85 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -86.8% | 0.07% | −0.48 |
| MBB iShares MBS ETF | Reduce -1.9% | 3.35% | −0.35 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -3.5% | 2.81% | −0.32 |
| GLDM SPDR Gold Minishares Trust | Reduce -24.1% | 0.81% | −0.28 |
| IVV iShares Core S&P 500 ETF | Reduce -13.0% | 1.92% | −0.24 |
| GNMA iShares Gnma Bond ETF | Reduce -48.3% | 0.20% | −0.22 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -6.0% | 5.49% | −0.18 |
| IVW iShares S&P 500 Growth ETF | Reduce -11.6% | 4.66% | −0.16 |
| CVX Chevron Corp. | Reduce -0.4% | 0.50% | −0.14 |
| IWX iShares Russell Top 200 Valu | Reduce -1.2% | 1.64% | −0.12 |
| PHYL Pgim Active High Yield Bond | Sold out | 0.00% | −0.11 |
| IWY iShares Russell Top 200 Grow | Reduce -11.3% | 2.44% | −0.11 |
| USXF iShares ESG Advance MSCI USA | Reduce -22.5% | 0.50% | −0.11 |
| ICVT iShares Convertible Bond ETF | Reduce -24.9% | 0.23% | −0.08 |
| EMB iShares JP Morgan Usd Emergi | Reduce -2.5% | 0.85% | −0.07 |
| CSR Centerspace | Sold out | 0.00% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 0.42% | −0.07 |
| EAGG iShares ESG Aware US Aggrega | Reduce -1.4% | 0.68% | −0.07 |
| HYDB iShares High Yield Systemati | Sold out | 0.00% | −0.05 |
| IAU iShares Gold Trust | Reduce -4.5% | 0.58% | −0.04 |
| OKE Oneok Inc. | Reduce -0.3% | 0.12% | −0.04 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Sold out | 0.00% | −0.04 |
| HPQ HP Inc. | Sold out | 0.00% | −0.04 |
| IVLU iShares MSCI International V | Reduce -13.4% | 0.23% | −0.04 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -20.4% | 0.13% | −0.03 |
| IFRA iShares US Infrastructure | Reduce -36.0% | 0.05% | −0.03 |
| IWS iShares Russell Mid-Cap Valu | Reduce -4.8% | 0.29% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.7% | 0.05% | −0.02 |
| DNP DNP Select Income Fund Inc. | Sold out | 0.00% | −0.02 |
| JNJ Johnson & Johnson | Reduce -3.9% | 0.10% | −0.02 |
| LCTU iShares U.S. Carbon Transiti | Reduce -5.1% | 0.80% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.2% | 0.07% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -10.5% | 0.05% | −0.01 |
| PSA Public Storage | Reduce -0.3% | 0.10% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.3% | 0.26% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.9% | 0.10% | −0.01 |
| EXR Extra Space Storage Inc. | Reduce -0.6% | 0.07% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -6.8% | 0.04% | −0.01 |
| DMXF iShares ESG Advanc MSCI Eafe | Reduce -4.1% | 0.26% | −0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.1% | 0.07% | −0.01 |
| IEF iShares 7-10 Year Treasury B | Reduce -2.6% | 0.05% | −0.01 |
| PCAR Paccar Inc. | Reduce -0.9% | 0.04% | −0.00 |
| EEM iShares MSCI Emerging Market | Reduce -7.2% | 0.08% | −0.00 |
| ALL Allstate Corp. | Reduce -0.7% | 0.04% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -5.7% | 0.04% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| IEMG iShares Core MSCI Emerging | Add +105.0% | 3.06% | +1.61 |
| THRO iShares U.S. Thematic Rotati | Add +377.5% | 1.95% | +1.55 |
| IAGG iShares Intl Aggregate Bond | New | 1.33% | +1.33 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Add +97.0% | 2.94% | +1.31 |
| EFV iShares MSCI Eafe Value ETF | Add +39.0% | 4.57% | +1.26 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.77% | +0.77 |
| XLG Invesco S&P 500 Top 50 ETF | Add +60.7% | 1.61% | +0.65 |
| STIP iShares 0-5 Year Tips Bond E | New | 0.44% | +0.44 |
| OEF iShares S&P 100 ETF | Add +51.3% | 1.01% | +0.37 |
| NVDA Nvidia Corp. | Add +3.0% | 0.99% | +0.27 |
| QUAL iShares MSCI USA Quality Fac | Add +4.4% | 6.30% | +0.19 |
| SPMO Invesco S&P 500 Momentum ETF | Add +4.8% | 1.24% | +0.18 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.16% | +0.16 |
| IWB iShares Russell 1000 ETF | Add +63.9% | 0.33% | +0.13 |
| MTUM iShares MSCI USA Momentum Fa | Add +30.9% | 0.43% | +0.13 |
| AVGO Broadcom Inc. | Add +20.3% | 0.27% | +0.12 |
| TSLA Tesla Inc. | Add +1.7% | 0.91% | +0.12 |
| MSFT Microsoft Corp. | Add +2.5% | 0.55% | +0.11 |
| EMGF iShares Emerging Markets Equ | Add +120.1% | 0.20% | +0.11 |
| ITOT iShares Core S&P Total U.S. | Add +120.1% | 0.18% | +0.10 |
| AAAU Goldman Sachs Physical Gold | New | 0.09% | +0.09 |
| ESGD iShares Trust iShares ESG Aw | New | 0.09% | +0.09 |
| PANW Palo Alto Networks Inc. | Add +129.2% | 0.12% | +0.07 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.06% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +34.5% | 0.18% | +0.06 |
| IVE iShares S&P 500 Value ETF | Add +7.5% | 3.29% | +0.05 |
| DLR Digital Realty Trust Inc. | Add +0.4% | 0.46% | +0.05 |
| META Meta Platforms Inc. Class A | Add +23.3% | 0.16% | +0.05 |
| NFLX Netflix Inc. | New | 0.05% | +0.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.05% | +0.05 |
| IGM iShares Expanded Tech Sector | Add +41.4% | 0.11% | +0.04 |
| IBM Intl Business Machines Corp. | New | 0.04% | +0.04 |
| IUSG iShares Core S&P U.S. Growth | New | 0.04% | +0.04 |
| AMAT Applied Materials Inc. | New | 0.04% | +0.04 |
| SUSL iShares ESG MSCI USA Leaders | New | 0.04% | +0.04 |
| VONG Vanguard Russell 1000 Growth | New | 0.04% | +0.04 |
| AXON Axon Enterprise Inc. | New | 0.04% | +0.04 |
| EMR Emerson Electric Co. | New | 0.04% | +0.04 |
| FTEC Fidelity MSCI Info Tech Indx | New | 0.03% | +0.03 |
| MP MP Materials Corp. | New | 0.03% | +0.03 |
| INTU Intuit Inc. | New | 0.03% | +0.03 |
| NKE Nike Inc. Class B | Add +2.2% | 0.59% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +0.7% | 0.14% | +0.02 |
| AMZN Amazon.com Inc. | Add +2.7% | 0.28% | +0.02 |
| TLT iShares 20+ Year Treasury BD | Add +12.8% | 1.89% | +0.02 |
| ILCV iShares Morningstar Value Et | Add +17.4% | 0.17% | +0.02 |
| FCVT First Trust Ssi Strategi ETF | Add +34.3% | 0.05% | +0.01 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +23.8% | 0.09% | +0.01 |
| ESGE iShares Inc. iShares ESG Awar | Add +1.6% | 0.22% | +0.01 |
| GE General Electric | Add +0.8% | 0.05% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 205 | $760.2M | SPYM, IUSB, DYNF, IVW, SCHZ |
| Q1 2026 | 195 | $729.0M | SPYM, DYNF, IVW, IVE, SCHZ |
| Q4 2025 | 179 | $662.8M | DYNF, SPYM, SCHZ, IVE, IVW |
| Q3 2025 | 179 | $654.7M | DYNF, QUAL, SCHZ, SPYM, IVW |
| Q2 2025 | 173 | $604.0M | QUAL, DYNF, SCHZ, IUSB, SPYM |
| Q1 2025 | 161 | $557.5M | SPYM, IUSB, SCHZ, QUAL, DYNF |
| Q4 2024 | 155 | $561.9M | SPYM, IUSB, SCHZ, QUAL, DYNF |
| Q3 2024 | 154 | $557.1M | SPYM, IUSB, SCHZ, QUAL, DYNF |
| Q2 2024 | 151 | $523.4M | SPYM, IUSB, SCHZ, QUAL, DYNF |
| Q1 2024 | 144 | $491.3M | SPYM, IUSB, SCHZ, QUAL, DYNF |