Horst & Graben Wealth Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Horst & Graben Wealth Management LLC reported 179 stock positions worth $662.8 million. Its top holding was Ishrs US E F R A ETF-Usd (DYNF) at 6.6% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 5.1%) and Schwab US Aggregate Bond ETF (SCHZ, 4.9%). Compared with Q3 2025, it opened 10 new positions, sold out of 10, added to 73 and reduced 78. The biggest buy was iShares S&P 500 Value ETF (IVE, shares +42%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001818207
- Portfolio Value
- $662.8M (Q4 2025)
- SEC Filing
- 0001754960-26-000124 ↗ filed Jan 27, 2026
Holdings Value
Holdings 179 stocks · $662.8M
| DYNF Ishrs US E F R A ETF-Usd Inc. | 6.65% | 724,419 | $44.1M | Add +3.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 5.13% | 423,839 | $34.0M | Add +3.0% |
| SCHZ Schwab US Aggregate Bond ETF | 4.90% | 1,389,168 | $32.5M | Reduce -1.7% |
| IVE iShares S&P 500 Value ETF | 4.81% | 150,083 | $31.9M | Add +41.6% |
| IVW iShares S&P 500 Growth ETF | 4.69% | 252,079 | $31.1M | Add +1.3% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 3.93% | 560,025 | $26.1M | Add +2.5% |
| XLG Invesco S&P 500 Top 50 ETF | 3.78% | 421,968 | $25.0M | Add +4.4% |
| EFV iShares MSCI Eafe Value ETF | 3.68% | 341,264 | $24.4M | Reduce -7.6% |
| QUAL iShares MSCI USA Quality Fac | 3.40% | 113,548 | $22.6M | Reduce -39.8% |
| IEMG iShares Core MSCI Emerging | 3.30% | 325,427 | $21.9M | Add +5.8% |
| MBB iShares MBS ETF | 3.26% | 226,970 | $21.6M | Add +3.1% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 2.93% | 420,045 | $19.4M | Reduce -0.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.71% | 339,790 | $17.9M | Add +4.3% |
| IWY iShares Russell Top 200 Grow | 2.40% | 57,523 | $15.9M | Reduce -1.1% |
| BAI Ishrs AI in and Tech Act ETF | 2.26% | 449,270 | $15.0M | Add +4.6% |
| THRO iShares U.S. Thematic Rotati | 2.18% | 375,335 | $14.5M | Add +3.3% |
| IVV iShares Core S&P 500 ETF | 1.90% | 18,357 | $12.6M | Reduce -0.6% |
| AAPL Apple Inc. | 1.86% | 45,390 | $12.3M | Reduce -1.0% |
| IWX iShares Russell Top 200 Valu | 1.84% | 132,912 | $12.2M | Add +13.6% |
| SPMO Invesco S&P 500 Momentum ETF | 1.83% | 101,438 | $12.1M | Add +52.2% |
| TLT iShares 20+ Year Treasury BD | 1.74% | 132,485 | $11.6M | Add +1.1% |
| GLDM SPDR Gold Minishares Trust | 1.49% | 115,886 | $9.9M | Add +1.1% |
| AVEM Avantis Emerging Markets Eq | 1.43% | 123,350 | $9.5M | Add +90.1% |
| IAGG iShares Intl Aggregate Bond | 1.40% | 185,361 | $9.3M | Add +1.9% |
| OEF iShares S&P 100 ETF | 1.28% | 24,815 | $8.5M | Reduce -1.6% |
| SHLD Global X Defense Tech ETF | 0.87% | 88,780 | $5.8M | Add +5.7% |
| EMB iShares JP Morgan Usd Emergi | 0.85% | 58,819 | $5.7M | Add +3.9% |
| NVDA Nvidia Corp. | 0.79% | 27,986 | $5.2M | Reduce -29.0% |
| LCTU iShares U.S. Carbon Transiti | 0.78% | 69,633 | $5.2M | Reduce -3.1% |
| ESGU iShares ESG Aware MSCI USA | 0.75% | 33,722 | $5.0M | Reduce -0.5% |
| SUSC iShares ESG Aware Usd Corpor | 0.71% | 201,097 | $4.7M | Add +1.6% |
| IAU iShares Gold Trust | 0.68% | 55,489 | $4.5M | Reduce -2.3% |
| EAGG iShares ESG Aware US Aggrega | 0.61% | 85,057 | $4.1M | Add +0.2% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.57% | 29,382 | $3.8M | Reduce -1.6% |
| IYW iShares Ustechnology ETF | 0.56% | 18,443 | $3.7M | Reduce -1.5% |
| MTUM iShares MSCI USA Momentum Fa | 0.54% | 14,364 | $3.6M | Add +34.1% |
| MSFT Microsoft Corp. | 0.49% | 6,765 | $3.3M | Reduce -1.5% |
| CVX Chevron Corp. | 0.49% | 21,131 | $3.2M | Reduce -0.1% |
| NKE Nike Inc. Class B | 0.46% | 47,964 | $3.1M | Reduce -5.5% |
| USXF iShares ESG Advance MSCI USA | 0.38% | 43,523 | $2.5M | Add +0.7% |
| TLH iShares 10-20 Year Treasury | 0.36% | 23,340 | $2.4M | Reduce -1.6% |
| SYSB iShares Systematic Bond ETF | 0.35% | 25,922 | $2.3M | New |
| PG The Procter & Gamble Co. | 0.34% | 15,838 | $2.3M | Reduce -1.0% |
| IWP iShares Russell Mid-Cap Grow | 0.34% | 16,416 | $2.2M | Add +1.3% |
| IWB iShares Russell 1000 ETF | 0.33% | 5,932 | $2.2M | Reduce -0.1% |
| GOVT iShares US Treasury Bond ETF | 0.32% | 91,579 | $2.1M | Add +4.3% |
| ILCG iShares Morningstar Growth E | 0.29% | 18,747 | $2.0M | Reduce -1.8% |
| IWS iShares Russell Mid-Cap Valu | 0.29% | 13,653 | $1.9M | Add +1.8% |
| ESGE iShares Inc. iShares ESG Awar | 0.27% | 40,998 | $1.8M | Add +17.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 3,524 | $1.8M | Add +0.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.26% | 24,118 | $1.8M | Reduce -0.8% |
| EFG iShares MSCI Eafe Growth ETF | 0.26% | 14,842 | $1.7M | Reduce -37.7% |
| DLR Digital Realty Trust Inc. | 0.25% | 10,851 | $1.7M | Reduce -32.8% |
| VIG Vanguard Dividend Apprec ETF | 0.25% | 7,606 | $1.7M | Add +0.5% |
| ICVT iShares Convertible Bond ETF | 0.25% | 16,886 | $1.7M | Add +6.8% |
| AMZN Amazon.com Inc. | 0.24% | 6,908 | $1.6M | Reduce -14.2% |
| IVLU iShares MSCI International V | 0.24% | 41,809 | $1.6M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.24% | 1,825 | $1.6M | Reduce -0.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 2 | $1.5M | New |
| CSCO Cisco Systems Inc. | 0.23% | 19,589 | $1.5M | Add +0.3% |
| MKL Markel Group Inc. | 0.22% | 679 | $1.5M | Add +0.1% |
| SIVR Abrdn Physical Silver Shares | 0.22% | 21,363 | $1.4M | Reduce -3.7% |
| ORCL Oracle Corp. | 0.21% | 7,026 | $1.4M | Reduce -0.0% |
| BNDX Vanguard Total Intl Bond ETF | 0.21% | 28,156 | $1.4M | Add +35.4% |
| EMGF iShares Emerging Markets Equ | 0.20% | 23,171 | $1.3M | Add +1.5% |
| UPS United Parcel Service Class B | 0.20% | 13,293 | $1.3M | Add +0.4% |
| EVUS iShares ESG Aw MSCI US Value | 0.19% | 39,270 | $1.3M | Add +55.8% |
| HASI Ha Sustainable Infrastructur | 0.18% | 38,884 | $1.2M | Add +0.0% |
| AVGO Broadcom Inc. | 0.18% | 3,514 | $1.2M | Reduce -41.2% |
| ITOT iShares Core S&P Total U.S. | 0.18% | 8,178 | $1.2M | Add +0.5% |
| EGP Eastgroup Properties Inc. | 0.18% | 6,632 | $1.2M | Reduce -11.7% |
| GNMA iShares Gnma Bond ETF | 0.17% | 26,005 | $1.2M | Reduce -5.3% |
| NOW ServiceNow Inc. | 0.17% | 7,405 | $1.1M | Reduce -6.8% |
| ILCV iShares Morningstar Value Et | 0.17% | 11,954 | $1.1M | Reduce -0.0% |
| CAT Caterpillar Inc. | 0.17% | 1,921 | $1.1M | Add +0.2% |
| GS Goldman Sachs Group Inc. | 0.16% | 1,223 | $1.1M | Add +0.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.15% | 1,592 | $978K | Reduce -17.0% |
| MAA Mid-America Apartment Comm | 0.14% | 6,821 | $948K | Add +0.1% |
| TSLA Tesla Inc. | 0.14% | 2,102 | $945K | Reduce -88.0% |
| EUSB Ishr ESG Advn Universal BD-$ | 0.14% | 20,850 | $916K | Reduce -0.3% |
| SCHX Schwab US Large-Cap ETF | 0.14% | 33,832 | $910K | No change |
| CCI Crown Castle Inc. | 0.13% | 10,025 | $891K | Add +0.1% |
| JNJ Johnson & Johnson | 0.13% | 4,248 | $879K | Add +0.4% |
| ESGD iShares Trust iShares ESG Aw | 0.13% | 9,241 | $879K | Reduce -5.0% |
| JPM JPMorgan Chase & Co. | 0.13% | 2,674 | $860K | Reduce -3.1% |
| CWB SS SPDR BB Conv Sec ETF | 0.13% | 9,618 | $858K | Add +7.3% |
| SHOP Shopify Inc. Class A | 0.13% | 5,302 | $853K | Reduce -29.5% |
| ESS Essex Property Trust Inc. | 0.13% | 3,220 | $843K | No change |
| CMI Cummins Inc. | 0.12% | 1,607 | $820K | No change |
| MO Altria Group Inc. | 0.12% | 13,861 | $799K | Reduce -0.1% |
| FGDL Franklin Resp Sourced Gold | 0.12% | 13,452 | $775K | Add +2.8% |
| TRNO Terreno Realty Corp. | 0.12% | 13,165 | $773K | No change |
| LCTD iShares World Ex U.S. Carbon | 0.11% | 13,861 | $758K | Reduce -28.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.11% | 2,594 | $753K | Reduce -0.0% |
| IEV iShares Europe ETF | 0.11% | 10,873 | $746K | Reduce -1.1% |
| PM Philip Morris International | 0.11% | 4,612 | $740K | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 0.11% | 2,347 | $737K | No change |
| IGM iShares Expanded Tech Sector | 0.11% | 5,644 | $729K | Reduce -0.6% |
| AAAU Goldman Sachs Physical Gold | 0.10% | 16,336 | $696K | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.10% | 2,176 | $681K | Reduce -0.3% |
Portfolio Sells Q3 2025 → Q4 2025
| QUAL iShares MSCI USA Quality Fac | Reduce -39.8% | 3.40% | −2.20 |
| TSLA Tesla Inc. | Reduce -88.0% | 0.14% | −1.04 |
| STIP iShares 0-5 Year Tips Bond E | Sold out | 0.00% | −0.46 |
| NVDA Nvidia Corp. | Reduce -29.0% | 0.79% | −0.34 |
| DLR Digital Realty Trust Inc. | Reduce -32.8% | 0.25% | −0.17 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -1.7% | 4.90% | −0.17 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -37.7% | 0.26% | −0.16 |
| EFV iShares MSCI Eafe Value ETF | Reduce -7.6% | 3.68% | −0.15 |
| AVGO Broadcom Inc. | Reduce -41.2% | 0.18% | −0.12 |
| ORCL Oracle Corp. | Reduce -0.0% | 0.21% | −0.10 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Reduce -0.8% | 2.93% | −0.09 |
| NKE Nike Inc. Class B | Reduce -5.5% | 0.46% | −0.08 |
| PANW Palo Alto Networks Inc. | Reduce -64.9% | 0.03% | −0.07 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.06 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -32.3% | 0.09% | −0.06 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.05 |
| NOW ServiceNow Inc. | Reduce -6.8% | 0.17% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Reduce -1.5% | 0.49% | −0.05 |
| LCTD iShares World Ex U.S. Carbon | Reduce -28.2% | 0.11% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -29.5% | 0.13% | −0.04 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.04 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.04 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -1.0% | 0.34% | −0.03 |
| HPQ HP Inc. | Sold out | 0.00% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -14.2% | 0.24% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -17.0% | 0.15% | −0.03 |
| IWY iShares Russell Top 200 Grow | Reduce -1.1% | 2.40% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -0.8% | 0.24% | −0.02 |
| MO Altria Group Inc. | Reduce -0.1% | 0.12% | −0.02 |
| LCTU iShares U.S. Carbon Transiti | Reduce -3.1% | 0.78% | −0.02 |
| EGP Eastgroup Properties Inc. | Reduce -11.7% | 0.18% | −0.02 |
| CVX Chevron Corp. | Reduce -0.1% | 0.49% | −0.02 |
| TLH iShares 10-20 Year Treasury | Reduce -1.6% | 0.36% | −0.01 |
| GNMA iShares Gnma Bond ETF | Reduce -5.3% | 0.17% | −0.01 |
| T AT&T Inc. | Reduce -1.9% | 0.06% | −0.01 |
| ILCG iShares Morningstar Growth E | Reduce -1.8% | 0.29% | −0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -12.4% | 0.06% | −0.01 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Reduce -12.8% | 0.06% | −0.01 |
| HD Home Depot Inc. | Reduce -3.7% | 0.04% | −0.01 |
| WOW Wideopenwest Inc. | Sold out | 0.00% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Reduce -6.3% | 0.09% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -10.6% | 0.04% | −0.01 |
| ESGD iShares Trust iShares ESG Aw | Reduce -5.0% | 0.13% | −0.01 |
| EXR Extra Space Storage Inc. | Reduce -0.0% | 0.05% | −0.01 |
| IYW iShares Ustechnology ETF | Reduce -1.5% | 0.56% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -4.1% | 0.03% | −0.00 |
| REXR Rexford Industrial Realty Inc. | Reduce -0.1% | 0.06% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| IVE iShares S&P 500 Value ETF | Add +41.6% | 4.81% | +1.46 |
| AVEM Avantis Emerging Markets Eq | Add +90.1% | 1.43% | +0.69 |
| SPMO Invesco S&P 500 Momentum ETF | Add +52.2% | 1.83% | +0.59 |
| SYSB iShares Systematic Bond ETF | New | 0.35% | +0.35 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +3.1% | 6.65% | +0.30 |
| IWX iShares Russell Top 200 Valu | Add +13.6% | 1.84% | +0.27 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.23% | +0.23 |
| XLG Invesco S&P 500 Top 50 ETF | Add +4.4% | 3.78% | +0.22 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +3.0% | 5.13% | +0.21 |
| IEMG iShares Core MSCI Emerging | Add +5.8% | 3.30% | +0.20 |
| GLDM SPDR Gold Minishares Trust | Add +1.1% | 1.49% | +0.15 |
| MTUM iShares MSCI USA Momentum Fa | Add +34.1% | 0.54% | +0.12 |
| IVW iShares S&P 500 Growth ETF | Add +1.3% | 4.69% | +0.10 |
| THRO iShares U.S. Thematic Rotati | Add +3.3% | 2.18% | +0.08 |
| EVUS iShares ESG Aw MSCI US Value | Add +55.8% | 0.19% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.07% | +0.07 |
| MBB iShares MBS ETF | Add +3.1% | 3.26% | +0.06 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +4.3% | 2.71% | +0.06 |
| BNDX Vanguard Total Intl Bond ETF | Add +35.4% | 0.21% | +0.05 |
| MU Micron Technology Inc. | New | 0.04% | +0.04 |
| ESGE iShares Inc. iShares ESG Awar | Add +17.3% | 0.27% | +0.04 |
| COLB Columbia Banking System Inc. | New | 0.04% | +0.04 |
| MRK Merck & Co. Inc. | New | 0.04% | +0.04 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +2.5% | 3.93% | +0.04 |
| AMGN Amgen Inc. | New | 0.04% | +0.04 |
| GEV GE Vernova Inc. | New | 0.03% | +0.03 |
| EMB iShares JP Morgan Usd Emergi | Add +3.9% | 0.85% | +0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.03% | +0.03 |
| KEYS Keysight Technologies Inc. | New | 0.03% | +0.03 |
| UPS United Parcel Service Class B | Add +0.4% | 0.20% | +0.03 |
| CAT Caterpillar Inc. | Add +0.2% | 0.17% | +0.03 |
| LLY Eli Lilly & Co. | Add +1.2% | 0.08% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.23% | +0.02 |
| MKL Markel Group Inc. | Add +0.1% | 0.22% | +0.02 |
| BAI Ishrs AI in and Tech Act ETF | Add +4.6% | 2.26% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +0.7% | 0.16% | +0.01 |
| FGDL Franklin Resp Sourced Gold | Add +2.8% | 0.12% | +0.01 |
| JNJ Johnson & Johnson | Add +0.4% | 0.13% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +15.3% | 0.09% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +0.3% | 0.07% | +0.01 |
| AMAT Applied Materials Inc. | Add +0.3% | 0.05% | +0.01 |
| ICVT iShares Convertible Bond ETF | Add +6.8% | 0.25% | +0.01 |
| GOVT iShares US Treasury Bond ETF | Add +4.3% | 0.32% | +0.01 |
| KO The Coca-Cola Co. | Add +2.3% | 0.10% | +0.01 |
| GLD SPDR Gold Shares | Add +0.8% | 0.06% | +0.01 |
| CWB SS SPDR BB Conv Sec ETF | Add +7.3% | 0.13% | +0.01 |
| USB US Bancorp | Add +0.6% | 0.06% | +0.01 |
| EMGF iShares Emerging Markets Equ | Add +1.5% | 0.20% | +0.01 |
| XOM Exxon Mobil Corp. | Add +1.0% | 0.07% | +0.00 |
| IWS iShares Russell Mid-Cap Valu | Add +1.8% | 0.29% | +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 |