Horst & Graben Wealth Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Horst & Graben Wealth Management LLC reported 179 stock positions worth $654.7 million. Its top holding was Ishrs US E F R A ETF-Usd (DYNF) at 6.3% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 5.6%) and Schwab US Aggregate Bond ETF (SCHZ, 5.1%). Compared with Q2 2025, it opened 10 new positions, sold out of 4, added to 94 and reduced 58. The biggest buy was Invesco S&P 500 Top 50 ETF (XLG, shares +116%) and the biggest sale iShares Ustechnology ETF (IYW, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001818207
- Portfolio Value
- $654.7M (Q3 2025)
- SEC Filing
- 0001754960-25-000676 ↗ filed Oct 16, 2025
Holdings Value
Holdings 179 stocks · $654.7M
| DYNF Ishrs US E F R A ETF-Usd Inc. | 6.35% | 702,295 | $41.6M | Add +15.2% |
| QUAL iShares MSCI USA Quality Fac | 5.60% | 188,664 | $36.7M | Reduce -9.4% |
| SCHZ Schwab US Aggregate Bond ETF | 5.07% | 1,413,028 | $33.2M | Add +1.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.92% | 411,365 | $32.2M | Reduce -0.7% |
| IVW iShares S&P 500 Growth ETF | 4.59% | 248,839 | $30.0M | Reduce -2.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 3.90% | 546,080 | $25.5M | Reduce -19.0% |
| EFV iShares MSCI Eafe Value ETF | 3.83% | 369,213 | $25.0M | Reduce -15.1% |
| XLG Invesco S&P 500 Top 50 ETF | 3.55% | 404,356 | $23.3M | Add +116.5% |
| IVE iShares S&P 500 Value ETF | 3.34% | 105,994 | $21.9M | Add +4.3% |
| MBB iShares MBS ETF | 3.20% | 220,241 | $21.0M | Add +2.1% |
| IEMG iShares Core MSCI Emerging | 3.10% | 307,617 | $20.3M | Reduce -0.1% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 3.02% | 423,601 | $19.8M | Add +10.0% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.65% | 325,764 | $17.3M | Add +1.6% |
| IWY iShares Russell Top 200 Grow | 2.43% | 58,173 | $15.9M | Reduce -2.9% |
| BAI Ishrs AI in and Tech Act ETF | 2.24% | 429,644 | $14.7M | Add +164.9% |
| THRO iShares U.S. Thematic Rotati | 2.10% | 363,374 | $13.8M | Add +9.8% |
| IVV iShares Core S&P 500 ETF | 1.89% | 18,468 | $12.4M | Reduce -1.1% |
| TLT iShares 20+ Year Treasury BD | 1.79% | 131,086 | $11.7M | Add +1.1% |
| AAPL Apple Inc. | 1.78% | 45,863 | $11.7M | Add +0.2% |
| IWX iShares Russell Top 200 Valu | 1.57% | 117,050 | $10.3M | Reduce -0.8% |
| IAGG iShares Intl Aggregate Bond | 1.42% | 181,869 | $9.3M | Add +16.0% |
| GLDM SPDR Gold Minishares Trust | 1.34% | 114,645 | $8.8M | Add +54.0% |
| OEF iShares S&P 100 ETF | 1.28% | 25,210 | $8.4M | Add +25.6% |
| SPMO Invesco S&P 500 Momentum ETF | 1.23% | 66,653 | $8.1M | Add +0.1% |
| TSLA Tesla Inc. | 1.19% | 17,455 | $7.8M | Add +0.4% |
| NVDA Nvidia Corp. | 1.12% | 39,405 | $7.4M | Add +4.3% |
| SHLD Global X Defense Tech ETF | 0.90% | 84,001 | $5.9M | New |
| EMB iShares JP Morgan Usd Emergi | 0.82% | 56,603 | $5.4M | Add +1.9% |
| LCTU iShares U.S. Carbon Transiti | 0.80% | 71,845 | $5.2M | Add +0.5% |
| ESGU iShares ESG Aware MSCI USA | 0.75% | 33,887 | $4.9M | Add +24.0% |
| AVEM Avantis Emerging Markets Eq | 0.74% | 64,896 | $4.9M | New |
| SUSC iShares ESG Aware Usd Corpor | 0.71% | 197,923 | $4.7M | Add +15.0% |
| IAU iShares Gold Trust | 0.63% | 56,781 | $4.1M | Add +1.9% |
| EAGG iShares ESG Aware US Aggrega | 0.62% | 84,851 | $4.1M | Reduce -2.5% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.57% | 29,871 | $3.8M | Add +0.3% |
| IYW iShares Ustechnology ETF | 0.56% | 18,724 | $3.7M | Reduce -76.8% |
| MSFT Microsoft Corp. | 0.54% | 6,867 | $3.6M | Add +2.1% |
| NKE Nike Inc. Class B | 0.54% | 50,750 | $3.5M | Add +2.0% |
| CVX Chevron Corp. | 0.50% | 21,149 | $3.3M | Add +0.5% |
| STIP iShares 0-5 Year Tips Bond E | 0.46% | 28,859 | $3.0M | Add +12.8% |
| DLR Digital Realty Trust Inc. | 0.43% | 16,140 | $2.8M | Add +0.7% |
| MTUM iShares MSCI USA Momentum Fa | 0.42% | 10,713 | $2.7M | Reduce -1.6% |
| EFG iShares MSCI Eafe Growth ETF | 0.41% | 23,809 | $2.7M | Reduce -79.6% |
| USXF iShares ESG Advance MSCI USA | 0.38% | 43,216 | $2.5M | Reduce -23.4% |
| PG The Procter & Gamble Co. | 0.38% | 16,000 | $2.5M | Add +0.9% |
| TLH iShares 10-20 Year Treasury | 0.37% | 23,710 | $2.4M | Add +2.6% |
| IWP iShares Russell Mid-Cap Grow | 0.35% | 16,200 | $2.3M | Reduce -0.7% |
| IWB iShares Russell 1000 ETF | 0.33% | 5,939 | $2.2M | Add +0.0% |
| GOVT iShares US Treasury Bond ETF | 0.31% | 87,835 | $2.0M | Add +2.6% |
| ILCG iShares Morningstar Growth E | 0.30% | 19,084 | $2.0M | Add +0.0% |
| ORCL Oracle Corp. | 0.30% | 7,029 | $2.0M | Reduce -23.9% |
| AVGO Broadcom Inc. | 0.30% | 5,974 | $2.0M | Add +1.9% |
| IWS iShares Russell Mid-Cap Valu | 0.29% | 13,411 | $1.9M | Add +0.6% |
| AMZN Amazon.com Inc. | 0.27% | 8,049 | $1.8M | Add +6.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 3,509 | $1.8M | Reduce -0.5% |
| COST Costco Wholesale Corp. | 0.26% | 1,839 | $1.7M | Add +1.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.25% | 24,318 | $1.6M | Reduce -32.6% |
| VIG Vanguard Dividend Apprec ETF | 0.25% | 7,565 | $1.6M | Add +0.1% |
| ICVT iShares Convertible Bond ETF | 0.24% | 15,817 | $1.6M | Add +4.2% |
| ESGE iShares Inc. iShares ESG Awar | 0.23% | 34,964 | $1.5M | Add +1.8% |
| IVLU iShares MSCI International V | 0.23% | 41,939 | $1.5M | Reduce -1.4% |
| NOW ServiceNow Inc. | 0.22% | 1,589 | $1.5M | Add +0.5% |
| CSCO Cisco Systems Inc. | 0.20% | 19,527 | $1.3M | Add +33.6% |
| MKL Markel Group Inc. | 0.20% | 678 | $1.3M | Add +0.1% |
| EMGF iShares Emerging Markets Equ | 0.20% | 22,820 | $1.3M | Reduce -0.0% |
| EGP Eastgroup Properties Inc. | 0.19% | 7,511 | $1.3M | Add +0.1% |
| GNMA iShares Gnma Bond ETF | 0.19% | 27,457 | $1.2M | Reduce -1.4% |
| HASI Ha Sustainable Infrastructur | 0.18% | 38,868 | $1.2M | Add +0.0% |
| ITOT iShares Core S&P Total U.S. | 0.18% | 8,135 | $1.2M | Reduce -0.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 1,918 | $1.2M | Reduce -0.6% |
| SHOP Shopify Inc. Class A | 0.17% | 7,525 | $1.1M | Reduce -1.2% |
| UPS United Parcel Service Class B | 0.17% | 13,238 | $1.1M | Add +0.0% |
| ILCV iShares Morningstar Value Et | 0.16% | 11,958 | $1.1M | Reduce -0.1% |
| BNDX Vanguard Total Intl Bond ETF | 0.16% | 20,795 | $1.0M | Add +5.1% |
| LCTD iShares World Ex U.S. Carbon | 0.16% | 19,299 | $1.0M | Reduce -2.3% |
| SIVR Abrdn Physical Silver Shares | 0.15% | 22,181 | $987K | New |
| META Meta Platforms Inc. Class A | 0.15% | 1,336 | $981K | Add +2.2% |
| GS Goldman Sachs Group Inc. | 0.15% | 1,215 | $968K | Add +1.2% |
| CCI Crown Castle Inc. | 0.15% | 10,015 | $966K | Add +0.1% |
| MAA Mid-America Apartment Comm | 0.15% | 6,812 | $952K | Add +0.0% |
| EUSB Ishr ESG Advn Universal BD-$ | 0.14% | 20,909 | $918K | Reduce -54.2% |
| MO Altria Group Inc. | 0.14% | 13,869 | $916K | Add +2.8% |
| CAT Caterpillar Inc. | 0.14% | 1,917 | $915K | Reduce -0.9% |
| ESGD iShares Trust iShares ESG Aw | 0.14% | 9,733 | $905K | Add +60.6% |
| SCHX Schwab US Large-Cap ETF | 0.14% | 33,832 | $891K | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 0.13% | 2,759 | $870K | Add +1.0% |
| ESS Essex Property Trust Inc. | 0.13% | 3,220 | $862K | No change |
| CWB SS SPDR BB Conv Sec ETF | 0.12% | 8,965 | $811K | Reduce -5.2% |
| EVUS iShares ESG Aw MSCI US Value | 0.12% | 25,204 | $793K | New |
| JNJ Johnson & Johnson | 0.12% | 4,231 | $785K | Add +2.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.12% | 2,595 | $762K | Reduce -0.2% |
| PM Philip Morris International | 0.12% | 4,654 | $755K | Add +1.5% |
| TRNO Terreno Realty Corp. | 0.11% | 13,165 | $747K | No change |
| IEV iShares Europe ETF | 0.11% | 10,988 | $719K | Reduce -0.2% |
| IGM iShares Expanded Tech Sector | 0.11% | 5,679 | $715K | No change |
| PANW Palo Alto Networks Inc. | 0.11% | 3,401 | $693K | Reduce -0.1% |
| CMI Cummins Inc. | 0.10% | 1,607 | $679K | Add +0.4% |
| FGDL Franklin Resp Sourced Gold | 0.10% | 13,087 | $676K | New |
| OKE Oneok Inc. | 0.10% | 9,214 | $672K | Add +0.1% |
| AMT American Tower Corp. | 0.10% | 3,330 | $640K | Reduce -0.7% |
Portfolio Sells Q2 2025 → Q3 2025
| IYW iShares Ustechnology ETF | Reduce -76.8% | 0.56% | −1.76 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -79.6% | 0.41% | −1.75 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -19.0% | 3.90% | −1.26 |
| EFV iShares MSCI Eafe Value ETF | Reduce -15.1% | 3.83% | −0.75 |
| QUAL iShares MSCI USA Quality Fac | Reduce -9.4% | 5.60% | −0.70 |
| DMXF iShares ESG Advanc MSCI Eafe | Sold out | 0.00% | −0.26 |
| EUSB Ishr ESG Advn Universal BD-$ | Reduce -54.2% | 0.14% | −0.19 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -32.6% | 0.25% | −0.13 |
| USXF iShares ESG Advance MSCI USA | Reduce -23.4% | 0.38% | −0.13 |
| IWX iShares Russell Top 200 Valu | Reduce -0.8% | 1.57% | −0.07 |
| IVW iShares S&P 500 Growth ETF | Reduce -2.6% | 4.59% | −0.07 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.7% | 4.92% | −0.06 |
| EAGG iShares ESG Aware US Aggrega | Reduce -2.5% | 0.62% | −0.06 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -52.8% | 0.03% | −0.04 |
| FVD First Trust Value Line DVD | Sold out | 0.00% | −0.04 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.04 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.03 |
| ORCL Oracle Corp. | Reduce -23.9% | 0.30% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -1.1% | 1.89% | −0.03 |
| AMT American Tower Corp. | Reduce -0.7% | 0.10% | −0.02 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.7% | 0.35% | −0.02 |
| GNMA iShares Gnma Bond ETF | Reduce -1.4% | 0.19% | −0.02 |
| SBAC SBA Communications Corp. | Reduce -0.4% | 0.05% | −0.02 |
| SBUX Starbucks Corp. | Reduce -0.5% | 0.08% | −0.01 |
| KO The Coca-Cola Co. | Reduce -0.2% | 0.09% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 0.27% | −0.01 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -1.6% | 0.42% | −0.01 |
| IWY iShares Russell Top 200 Grow | Reduce -2.9% | 2.43% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -0.1% | 0.11% | −0.01 |
| LCTD iShares World Ex U.S. Carbon | Reduce -2.3% | 0.16% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -14.1% | 0.04% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -3.7% | 0.06% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.9% | 0.05% | −0.01 |
| FDL First Trust Morn DVD Lead Inc. | Reduce -16.1% | 0.03% | −0.01 |
| V Visa Inc. Class A | Reduce -0.6% | 0.06% | −0.01 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -5.2% | 0.12% | −0.01 |
| IEV iShares Europe ETF | Reduce -0.2% | 0.11% | −0.01 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -0.5% | 0.08% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.0% | 0.10% | −0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -1.4% | 0.05% | −0.00 |
| IVLU iShares MSCI International V | Reduce -1.4% | 0.23% | −0.00 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.0% | 0.07% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.2% | 0.12% | −0.00 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -3.4% | 0.04% | −0.00 |
| IEF iShares 7-10 Year Treasury B | Reduce -0.3% | 0.04% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.7% | 0.07% | −0.00 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Reduce -1.6% | 0.07% | −0.00 |
| IFRA iShares US Infrastructure | Reduce -1.3% | 0.05% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.0% | 0.04% | −0.00 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.0% | 0.18% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| XLG Invesco S&P 500 Top 50 ETF | Add +116.5% | 3.55% | +1.94 |
| BAI Ishrs AI in and Tech Act ETF | Add +164.9% | 2.24% | +1.47 |
| SHLD Global X Defense Tech ETF | New | 0.90% | +0.90 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +15.2% | 6.35% | +0.86 |
| AVEM Avantis Emerging Markets Eq | New | 0.74% | +0.74 |
| GLDM SPDR Gold Minishares Trust | Add +54.0% | 1.34% | +0.53 |
| TSLA Tesla Inc. | Add +0.4% | 1.19% | +0.27 |
| OEF iShares S&P 100 ETF | Add +25.6% | 1.28% | +0.27 |
| AAPL Apple Inc. | Add +0.2% | 1.78% | +0.23 |
| THRO iShares U.S. Thematic Rotati | Add +9.8% | 2.10% | +0.15 |
| SIVR Abrdn Physical Silver Shares | New | 0.15% | +0.15 |
| ESGU iShares ESG Aware MSCI USA | Add +24.0% | 0.75% | +0.14 |
| NVDA Nvidia Corp. | Add +4.3% | 1.12% | +0.13 |
| EVUS iShares ESG Aw MSCI US Value | New | 0.12% | +0.12 |
| FGDL Franklin Resp Sourced Gold | New | 0.10% | +0.10 |
| IAGG iShares Intl Aggregate Bond | Add +16.0% | 1.42% | +0.10 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Add +10.0% | 3.02% | +0.07 |
| IAU iShares Gold Trust | Add +1.9% | 0.63% | +0.06 |
| IVE iShares S&P 500 Value ETF | Add +4.3% | 3.34% | +0.06 |
| SUSC iShares ESG Aware Usd Corpor | Add +15.0% | 0.71% | +0.05 |
| ESGD iShares Trust iShares ESG Aw | Add +60.6% | 0.14% | +0.05 |
| UI Ubiquiti Inc. | New | 0.04% | +0.04 |
| CSCO Cisco Systems Inc. | Add +33.6% | 0.20% | +0.04 |
| AVGO Broadcom Inc. | Add +1.9% | 0.30% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.03% | +0.03 |
| NSC Norfolk Southern Corp. | New | 0.03% | +0.03 |
| HPQ HP Inc. | New | 0.03% | +0.03 |
| XVV iShares ESG Select Screened | New | 0.03% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +12.6% | 0.08% | +0.02 |
| STIP iShares 0-5 Year Tips Bond E | Add +12.8% | 0.46% | +0.02 |
| CMI Cummins Inc. | Add +0.4% | 0.10% | +0.02 |
| ICVT iShares Convertible Bond ETF | Add +4.2% | 0.24% | +0.02 |
| JNJ Johnson & Johnson | Add +2.2% | 0.12% | +0.02 |
| BWA Borgwarner Inc. | Add +0.4% | 0.06% | +0.01 |
| HASI Ha Sustainable Infrastructur | Add +0.0% | 0.18% | +0.01 |
| USB US Bancorp | Add +23.0% | 0.05% | +0.01 |
| ESGE iShares Inc. iShares ESG Awar | Add +1.8% | 0.23% | +0.01 |
| MO Altria Group Inc. | Add +2.8% | 0.14% | +0.01 |
| ABBV Abbvie Inc. | Add +3.8% | 0.05% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +1.2% | 0.15% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +1.8% | 0.06% | +0.01 |
| GE General Electric | Add +2.4% | 0.06% | +0.01 |
| REXR Rexford Industrial Realty Inc. | Add +0.1% | 0.06% | +0.00 |
| CVX Chevron Corp. | Add +0.5% | 0.50% | +0.00 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +4.3% | 0.07% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +1.0% | 0.13% | +0.00 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +0.3% | 0.57% | +0.00 |
| HD Home Depot Inc. | Add +1.4% | 0.04% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +2.0% | 0.04% | +0.00 |
| LCTU iShares U.S. Carbon Transiti | Add +0.5% | 0.80% | +0.00 |
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 |