Houlihan Financial Resource Group, Ltd.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Houlihan Financial Resource Group, Ltd. reported 103 stock positions worth $234.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 10.8% of the portfolio, followed by iShares Core S&P Small-Cap E (IJR, 5.7%) and JPMorgan Ultra-Short Income (JPST, 4.3%). Compared with Q3 2024, it opened 2 new positions, sold out of 6, added to 27 and reduced 43. The biggest buy was JPMorgan Core Plus Bond ETF (JCPB, shares +29%) and the biggest sale an exit from iShares Ibonds Dec 2024 Term (IBDP).

Most Recent 13F
Q2 2026
Location
ASHBURN, VA
CIK
0001802879
Portfolio Value
$234.6M (Q4 2024)
SEC Filing
0001802879-25-000001 ↗ filed Feb 11, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $222.9M Q1 2024 Q2 2024: $146.6M Q2 2024 Q3 2024: $241.8M Q3 2024 Q4 2024: $234.6M $234.6M Q4 2024 Q1 2025: $222.6M Q1 2025 Q2 2025: $241.2M Q2 2025 Q3 2025: $113.9M Q3 2025 Q4 2025: $258.0M Q4 2025 Q1 2026: $256.6M Q1 2026 Q2 2026: $280.6M Q2 2026

Holdings 103 stocks · $234.6M
SPY SS SPDR S&P 500 ETF Trust-US 10.77% 43,097 $25.3M Reduce -2.4%
IJR iShares Core S&P Small-Cap E 5.68% 115,731 $13.3M Reduce -2.0%
JPST JPMorgan Ultra-Short Income 4.26% 198,373 $10.0M Reduce -2.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 3.77% 33,460 $8.8M Reduce -4.7%
GOOGL Alphabet Inc. Class A 3.32% 41,175 $7.8M Reduce -2.2%
BSV Vanguard Short-Term Bond ETF 3.32% 100,652 $7.8M Reduce -3.3%
MSFT Microsoft Corp. 3.12% 17,364 $7.3M Add +0.0%
DGRO iShares Core Dividend Growth 2.93% 112,114 $6.9M Reduce -0.1%
IBDQ iShares Ibonds Dec 2025 Term 2.92% 273,599 $6.9M Add +3.1%
IVV iShares Core S&P 500 ETF 2.64% 10,500 $6.2M Reduce -1.2%
AMZN Amazon.com Inc. 2.62% 27,990 $6.1M Reduce -1.9%
SDY SS SPDR S&P Dividend ETF 2.37% 41,998 $5.5M Add +0.1%
IBDR iShares Ibonds Dec 2026 Term 2.32% 225,641 $5.4M Add +5.8%
IBDS Ishrs Ibnds Dec 27 Corp. ETF 2.29% 223,886 $5.4M Add +7.5%
PFF iShares Preferred & Income S 2.25% 168,017 $5.3M Reduce -0.3%
IBDT iShares Ibonds Dec 2028 ETF 2.20% 207,166 $5.2M Add +7.6%
IBDU iShares Ibonds Dec 2029 Term 1.98% 204,046 $4.7M Add +8.3%
HDV iShares Core High Dividend E 1.91% 39,900 $4.5M Reduce -0.9%
MDY State Street SPDR S&P Midcap 1.80% 7,427 $4.2M Reduce -2.2%
MA Mastercard Inc. Class A 1.73% 7,706 $4.1M Reduce -3.3%
VUG Vanguard Mrngstar GR ETF-Sui 1.73% 9,888 $4.1M Reduce -2.5%
CRM Salesforce Inc. 1.67% 11,707 $3.9M Reduce -1.9%
V Visa Inc. Class A 1.54% 11,466 $3.6M Reduce -2.9%
USMV iShares MSCI USA Min Vol Fac 1.53% 40,549 $3.6M Add +0.2%
AAPL Apple Inc. 1.53% 14,348 $3.6M Reduce -23.0%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.52% 22,114 $3.6M Reduce -1.7%
JCPB JPMorgan Core Plus Bond ETF 1.42% 72,155 $3.3M Add +29.2%
VNQ Vanguard Real Estate ETF 1.40% 36,980 $3.3M Reduce -2.4%
VGT Vanguard Info Tech ETF 1.34% 5,068 $3.2M No change
IBDV iShares Ibonds Dec 2030 Corp. 1.12% 122,452 $2.6M Add +37.6%
BIV Vanguard Intermediate-Term B 1.10% 34,688 $2.6M Add +0.9%
IGM iShares Expanded Tech Sector 0.82% 18,729 $1.9M Add +1.1%
VDC Vanguard Consumer Staple ETF 0.76% 8,476 $1.8M Add +0.7%
VCR Vanguard Consumer Discre ETF 0.73% 4,572 $1.7M Add +1.4%
VHT Vanguard Health Care ETF 0.72% 6,626 $1.7M Reduce -2.0%
KMI Kinder Morgan Inc. 0.68% 57,819 $1.6M Add +1.8%
VCSH Vanguard S/T Corp. Bond ETF 0.64% 19,361 $1.5M Add +8.2%
COST Costco Wholesale Corp. 0.53% 1,346 $1.2M No change
UPS United Parcel Service Class B 0.50% 9,230 $1.2M Reduce -3.1%
GLD SPDR Gold Shares 0.48% 4,642 $1.1M Reduce -0.2%
JNJ Johnson & Johnson 0.46% 7,453 $1.1M Reduce -6.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.43% 23,103 $1.0M Add +0.3%
IJJ iShares S&P Mid-Cap 400 Valu 0.42% 7,955 $994K Add +0.0%
VFH Vanguard Financials ETF 0.40% 8,035 $949K Add +0.0%
XLI SS Industrial Select Sector 0.40% 7,141 $941K Add +0.0%
VCIT Vanguard Int-Term Corporate 0.39% 11,499 $923K Add +0.0%
AMGN Amgen Inc. 0.38% 3,416 $890K Reduce -2.6%
WBS Webster Financial Corp. 0.37% 15,575 $860K No change
PG The Procter & Gamble Co. 0.36% 5,002 $839K Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.34% 3,586 $788K Add +0.1%
IWV iShares Russell 3000 ETF 0.33% 2,324 $777K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.33% 2,758 $772K Reduce -0.0%
MAR Marriott International Class A 0.33% 2,752 $768K No change
VGIT Vanguard Intermediate-Term T 0.32% 13,038 $756K Reduce -3.5%
BALL Ball Corp. 0.32% 13,550 $747K No change
NVDA Nvidia Corp. 0.31% 5,460 $733K Reduce -0.9%
IWB iShares Russell 1000 ETF 0.28% 2,073 $668K No change
ORCL Oracle Corp. 0.28% 4,002 $667K No change
XOM Exxon Mobil Corp. 0.28% 6,105 $657K Reduce -18.5%
CVX Chevron Corp. 0.27% 4,296 $622K Add +0.3%
WMT Walmart Inc. 0.26% 6,753 $610K Reduce -5.1%
PYPL PayPal Holdings Inc. 0.25% 6,879 $587K Reduce -7.7%
VZ Verizon Communications Inc. 0.25% 14,619 $585K Reduce -6.4%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.24% 2,094 $565K No change
DD Dupont DE Nemours Inc. 0.23% 7,057 $538K No change
VTI VG Morningstar TS MKT ETF-US 0.23% 1,822 $528K No change
CTVA Corteva Inc. 0.22% 9,183 $523K No change
PEP Pepsico Inc. 0.22% 3,322 $505K Reduce -3.5%
IHI iShares U.S. Medical Devices 0.21% 8,520 $497K No change
ARKK ARK Innovation ETF 0.21% 8,727 $495K Reduce -8.1%
MRK Merck & Co. Inc. 0.20% 4,722 $470K Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 1,032 $468K No change
D Dominion Energy Inc. 0.20% 8,619 $464K Reduce -8.4%
TSLA Tesla Inc. 0.19% 1,099 $444K Reduce -5.2%
JPM JPMorgan Chase & Co. 0.19% 1,843 $442K No change
SPGI S&P Global Inc. 0.19% 879 $438K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 3,908 $435K No change
TIP iShares Tips Bond ETF 0.18% 3,997 $426K Reduce -4.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.18% 974 $414K No change
HD Home Depot Inc. 0.17% 1,051 $409K Reduce -10.0%
AXP American Express Co. 0.17% 1,357 $403K No change
VPU Vanguard Utilities ETF 0.17% 2,410 $394K Add +0.5%
OMC Omnicom Group 0.17% 4,500 $387K No change
DOW Dow Inc. 0.16% 9,561 $384K No change
LLY Eli Lilly & Co. 0.16% 495 $382K Reduce -1.8%
IJH iShares Core S&P Midcap ETF 0.15% 5,755 $359K No change
GOOG Alphabet Inc. Class C 0.15% 1,881 $358K No change
SYY Sysco Corp. 0.14% 4,377 $335K No change
EMR Emerson Electric Co. 0.14% 2,610 $323K No change
UNP Union Pacific Corp. 0.14% 1,402 $320K No change
FDX FedEx Corp. 0.13% 1,065 $300K Reduce -5.3%
CAT Caterpillar Inc. 0.12% 779 $283K Add +3.3%
CSCO Cisco Systems Inc. 0.12% 4,742 $281K Reduce -3.7%
QQQ Invesco QQQ Trust Series 1 0.12% 550 $281K Reduce -0.2%
UNH Unitedhealth Group Inc. 0.11% 524 $265K No change
NFLX Netflix Inc. 0.11% 295 $263K No change
VXF Vanguard Extended Market ETF 0.11% 1,370 $260K No change
MMM 3M Co. 0.11% 1,952 $252K Reduce -2.9%
TFC Truist Financial Corp. 0.09% 4,871 $211K No change
WFC Wells Fargo & Co. 0.09% 3,009 $211K New
CLX Clorox Company 0.09% 1,233 $200K No change
DVY iShares Select Dividend ETF 0.09% 1,524 $200K New
GRITSTONE BIO INC 0.00% 12,000 $0 Reduce -40.0%

Portfolio Sells Q3 2024 → Q4 2024
IBDP iShares Ibonds Dec 2024 Term Sold out 0.00% −2.87
AAPL Apple Inc. Reduce -23.0% 1.53% −0.26
VNQ Vanguard Real Estate ETF Reduce -2.4% 1.40% −0.12
NVS Novartis AG-Sponsored ADR Sold out 0.00% −0.10
RTX RTX Corp. Sold out 0.00% −0.09
AMGN Amgen Inc. Reduce -2.6% 0.38% −0.09
PPG PPG Industries Inc. Sold out 0.00% −0.09
VAW Vanguard Materials ETF Sold out 0.00% −0.09
NEE Nextera Energy Inc. Sold out 0.00% −0.08
XOM Exxon Mobil Corp. Reduce -18.5% 0.28% −0.08
JNJ Johnson & Johnson Reduce -6.4% 0.46% −0.07
VHT Vanguard Health Care ETF Reduce -2.0% 0.72% −0.07
BSV Vanguard Short-Term Bond ETF Reduce -3.3% 3.32% −0.07
PFF iShares Preferred & Income S Reduce -0.3% 2.25% −0.06
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -4.7% 3.77% −0.06
HDV iShares Core High Dividend E Reduce -0.9% 1.91% −0.05
UPS United Parcel Service Class B Reduce -3.1% 0.50% −0.04
VZ Verizon Communications Inc. Reduce -6.4% 0.25% −0.04
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -1.7% 1.52% −0.03
IJR iShares Core S&P Small-Cap E Reduce -2.0% 5.68% −0.03
D Dominion Energy Inc. Reduce -8.4% 0.20% −0.03
PEP Pepsico Inc. Reduce -3.5% 0.22% −0.03
LLY Eli Lilly & Co. Reduce -1.8% 0.16% −0.02
HD Home Depot Inc. Reduce -10.0% 0.17% −0.02
JPST JPMorgan Ultra-Short Income Reduce -2.8% 4.26% −0.02
VGIT Vanguard Intermediate-Term T Reduce -3.5% 0.32% −0.02
TIP iShares Tips Bond ETF Reduce -4.2% 0.18% −0.01
MMM 3M Co. Reduce -2.9% 0.11% −0.01
GRITSTONE BIO INC Reduce -40.0% 0.00% −0.01
FDX FedEx Corp. Reduce -5.3% 0.13% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.2% 0.12% +0.01
PYPL PayPal Holdings Inc. Reduce -7.7% 0.25% +0.01
CSCO Cisco Systems Inc. Reduce -3.7% 0.12% +0.01
GLD SPDR Gold Shares Reduce -0.2% 0.48% +0.01
MDY State Street SPDR S&P Midcap Reduce -2.2% 1.80% +0.01
DGRO iShares Core Dividend Growth Reduce -0.1% 2.93% +0.02
WMT Walmart Inc. Reduce -5.1% 0.26% +0.02
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -0.0% 0.33% +0.02
ARKK ARK Innovation ETF Reduce -8.1% 0.21% +0.02
NVDA Nvidia Corp. Reduce -0.9% 0.31% +0.04
TSLA Tesla Inc. Reduce -5.2% 0.19% +0.06
IVV iShares Core S&P 500 ETF Reduce -1.2% 2.64% +0.10
MA Mastercard Inc. Class A Reduce -3.3% 1.73% +0.10
VUG Vanguard Mrngstar GR ETF-Sui Reduce -2.5% 1.73% +0.12
V Visa Inc. Class A Reduce -2.9% 1.54% +0.20
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.4% 10.77% +0.29
CRM Salesforce Inc. Reduce -1.9% 1.67% +0.32
AMZN Amazon.com Inc. Reduce -1.9% 2.62% +0.42
GOOGL Alphabet Inc. Class A Reduce -2.2% 3.32% +0.44

Portfolio Buys Q3 2024 → Q4 2024
JCPB JPMorgan Core Plus Bond ETF Add +29.2% 1.42% +0.30
IBDV iShares Ibonds Dec 2030 Corp. Add +37.6% 1.12% +0.30
IBDS Ishrs Ibnds Dec 27 Corp. ETF Add +7.5% 2.29% +0.19
IBDR iShares Ibonds Dec 2026 Term Add +5.8% 2.32% +0.17
IBDQ iShares Ibonds Dec 2025 Term Add +3.1% 2.92% +0.17
IBDT iShares Ibonds Dec 2028 ETF Add +7.6% 2.20% +0.17
KMI Kinder Morgan Inc. Add +1.8% 0.68% +0.16
IBDU iShares Ibonds Dec 2029 Term Add +8.3% 1.98% +0.15
VCR Vanguard Consumer Discre ETF Add +1.4% 0.73% +0.10
WFC Wells Fargo & Co. New 0.09% +0.09
DVY iShares Select Dividend ETF New 0.09% +0.09
IGM iShares Expanded Tech Sector Add +1.1% 0.82% +0.08
VCSH Vanguard S/T Corp. Bond ETF Add +8.2% 0.64% +0.06
BAC Bank of America Corp. Add +0.3% 0.43% +0.05
VFH Vanguard Financials ETF Add +0.0% 0.40% +0.04
MSFT Microsoft Corp. Add +0.0% 3.12% +0.03
IJJ iShares S&P Mid-Cap 400 Valu Add +0.0% 0.42% +0.02
IBM Intl Business Machines Corp. Add +0.1% 0.34% +0.01
USMV iShares MSCI USA Min Vol Fac Add +0.2% 1.53% +0.01
CVX Chevron Corp. Add +0.3% 0.27% +0.00
VDC Vanguard Consumer Staple ETF Add +0.7% 0.76% +0.00
XLI SS Industrial Select Sector Add +0.0% 0.40% +0.00
PG The Procter & Gamble Co. Add +0.1% 0.36% −0.00
CAT Caterpillar Inc. Add +3.3% 0.12% −0.00
VPU Vanguard Utilities ETF Add +0.5% 0.17% −0.00
VCIT Vanguard Int-Term Corporate Add +0.0% 0.39% −0.00
BIV Vanguard Intermediate-Term B Add +0.9% 1.10% −0.01
MRK Merck & Co. Inc. Add +0.1% 0.20% −0.02
SDY SS SPDR S&P Dividend ETF Add +0.1% 2.37% −0.10

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 113$280.6MSPY, IJR, GOOGL, JPST, VO
Q1 2026 109$256.6MSPY, IJR, JPST, GOOGL, VO
Q4 2025 107$258.0MSPY, IJR, GOOGL, JPST, VO
Q3 2025 72$113.9MSPY, IJR, GOOGL, VO, JPST
Q2 2025 107$241.2MSPY, IJR, JPST, VO, MSFT
Q1 2025 103$222.6MSPY, IJR, JPST, VO, BSV
Q4 2024 103$234.6MSPY, IJR, JPST, VO, GOOGL
Q3 2024 107$241.8MSPY, IJR, JPST, VO, BSV
Q2 2024 62$146.6MSPY, JPST, GOOGL, IBDP, IBDQ
Q1 2024 102$222.9MSPY, IJR, JPST, VO, BSV