Houlihan Financial Resource Group, Ltd.

Name: Houlihan Financial Resource Group, Ltd. 13F holdings, Q1 2025
Creator: Houlihan Financial Resource Group, Ltd.
Published: 2025-05-12

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Houlihan Financial Resource Group, Ltd. reported 103 stock positions worth $222.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 10.5% of the portfolio, followed by iShares Core S&P Small-Cap E (IJR, 5.3%) and JPMorgan Ultra-Short Income (JPST, 4.6%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 15 and reduced 61. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +2%) and the biggest sale Alphabet Class A (GOOGL, shares −4%).

Most Recent 13F: Q2 2026
Location: ASHBURN, VA
CIK: 0001802879
Portfolio Value: $222.6M (Q1 2025)
SEC Filing: 0001802879-25-000003 ↗ filed May 12, 2025

Holdings Value

Holdings 103 stocks · $222.6M


SPY SS SPDR S&P 500 ETF Trust-US	10.53%	41,915	$23.4M	Reduce -2.7%
IJR iShares Core S&P Small-Cap E	5.27%	112,155	$11.7M	Reduce -3.1%
JPST JPMorgan Ultra-Short Income	4.59%	201,839	$10.2M	Add +1.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd	3.82%	32,913	$8.5M	Reduce -1.6%
BSV Vanguard Short-Term Bond ETF	3.46%	98,293	$7.7M	Reduce -2.3%
DGRO iShares Core Dividend Growth	3.00%	108,095	$6.7M	Reduce -3.6%
IBDQ iShares Ibonds Dec 2025 Term	2.99%	264,339	$6.6M	Reduce -3.4%
MSFT Microsoft Corp.	2.88%	17,052	$6.4M	Reduce -1.8%
GOOGL Alphabet Inc. Class A	2.75%	39,581	$6.1M	Reduce -3.9%
IVV iShares Core S&P 500 ETF	2.65%	10,502	$5.9M	Add +0.0%
SDY SS SPDR S&P Dividend ETF	2.48%	40,630	$5.5M	Reduce -3.3%
IBDR iShares Ibonds Dec 2026 Term	2.42%	222,275	$5.4M	Reduce -1.5%
IBDS Ishrs Ibnds Dec 27 Corp. ETF	2.38%	219,121	$5.3M	Reduce -2.1%
AMZN Amazon.com Inc.	2.33%	27,296	$5.2M	Reduce -2.5%
IBDT iShares Ibonds Dec 2028 ETF	2.31%	203,367	$5.1M	Reduce -1.8%
PFF iShares Preferred & Income S	2.14%	154,918	$4.8M	Reduce -7.8%
IBDU iShares Ibonds Dec 2029 Term	2.10%	201,948	$4.7M	Reduce -1.0%
HDV iShares Core High Dividend E	2.09%	38,438	$4.7M	Reduce -3.7%
MA Mastercard Inc. Class A	1.84%	7,476	$4.1M	Reduce -3.0%
V Visa Inc. Class A	1.76%	11,165	$3.9M	Reduce -2.6%
MDY State Street SPDR S&P Midcap	1.74%	7,244	$3.9M	Reduce -2.5%
USMV iShares MSCI USA Min Vol Fac	1.67%	39,619	$3.7M	Reduce -2.3%
JCPB JPMorgan Core Plus Bond ETF	1.56%	73,785	$3.5M	Add +2.3%
VOE Vngrd Mrngstr MD-Cap Val ETF	1.56%	21,612	$3.5M	Reduce -2.3%
VUG Vanguard Mrngstar GR ETF-Sui	1.51%	9,062	$3.4M	Reduce -8.3%
VNQ Vanguard Real Estate ETF	1.49%	36,540	$3.3M	Reduce -1.2%
AAPL Apple Inc.	1.37%	13,756	$3.1M	Reduce -4.1%
CRM Salesforce Inc.	1.36%	11,323	$3.0M	Reduce -3.3%
IBDV iShares Ibonds Dec 2030 Corp.	1.27%	130,289	$2.8M	Add +6.4%
VGT Vanguard Info Tech ETF	1.23%	5,068	$2.7M	No change
BIV Vanguard Intermediate-Term B	1.18%	34,179	$2.6M	Reduce -1.5%
VDC Vanguard Consumer Staple ETF	0.83%	8,457	$1.9M	Reduce -0.2%
VHT Vanguard Health Care ETF	0.79%	6,627	$1.8M	Add +0.0%
IGM iShares Expanded Tech Sector	0.73%	17,827	$1.6M	Reduce -4.8%
KMI Kinder Morgan Inc.	0.69%	54,015	$1.5M	Reduce -6.6%
VCSH Vanguard S/T Corp. Bond ETF	0.67%	18,865	$1.5M	Reduce -2.6%
VCR Vanguard Consumer Discre ETF	0.67%	4,569	$1.5M	Reduce -0.1%
GLD SPDR Gold Shares	0.60%	4,611	$1.3M	Reduce -0.7%
JNJ Johnson & Johnson	0.55%	7,449	$1.2M	Reduce -0.1%
COST Costco Wholesale Corp.	0.53%	1,246	$1.2M	Reduce -7.4%
AMGN Amgen Inc.	0.47%	3,356	$1.0M	Reduce -1.8%
UPS United Parcel Service Class B	0.45%	9,130	$1.0M	Reduce -1.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.43%	23,177	$967K	Add +0.3%
VFH Vanguard Financials ETF	0.43%	8,036	$960K	Add +0.0%
XLI SS Industrial Select Sector	0.42%	7,142	$936K	Add +0.0%
VCIT Vanguard Int-Term Corporate	0.42%	11,400	$932K	Reduce -0.9%
IJJ iShares S&P Mid-Cap 400 Valu	0.42%	7,726	$925K	Reduce -2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.39%	3,489	$868K	Reduce -2.7%
PG The Procter & Gamble Co.	0.38%	5,006	$853K	Add +0.1%
WBS Webster Financial Corp.	0.36%	15,575	$803K	No change
IWV iShares Russell 3000 ETF	0.33%	2,324	$738K	No change
VGIT Vanguard Intermediate-Term T	0.33%	12,278	$729K	Reduce -5.8%
CVX Chevron Corp.	0.32%	4,309	$721K	Add +0.3%
BALL Ball Corp.	0.32%	13,550	$706K	No change
XOM Exxon Mobil Corp.	0.32%	5,915	$704K	Reduce -3.1%
MAR Marriott International Class A	0.29%	2,752	$656K	No change
VZ Verizon Communications Inc.	0.29%	14,164	$642K	Reduce -3.1%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.28%	2,496	$628K	Reduce -9.5%
NVDA Nvidia Corp.	0.26%	5,367	$582K	Reduce -1.7%
CTVA Corteva Inc.	0.26%	9,183	$578K	No change
WMT Walmart Inc.	0.26%	6,513	$572K	Reduce -3.5%
IWB iShares Russell 1000 ETF	0.25%	1,850	$567K	Reduce -10.8%
BRK.B Berkshire Hathaway Inc. Class B	0.25%	1,062	$566K	Add +2.9%
ORCL Oracle Corp.	0.25%	4,003	$560K	Add +0.0%
DD Dupont DE Nemours Inc.	0.24%	7,057	$527K	No change
IHI iShares U.S. Medical Devices	0.23%	8,520	$513K	No change
VTI VG Morningstar TS MKT ETF-US	0.23%	1,822	$501K	No change
PEP Pepsico Inc.	0.22%	3,242	$486K	Reduce -2.4%
D Dominion Energy Inc.	0.22%	8,627	$484K	Add +0.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.20%	1,773	$456K	Reduce -15.3%
SPGI S&P Global Inc.	0.20%	879	$447K	No change
TIP iShares Tips Bond ETF	0.20%	3,977	$442K	Reduce -0.5%
PYPL PayPal Holdings Inc.	0.19%	6,579	$429K	Reduce -4.4%
JPM JPMorgan Chase & Co.	0.19%	1,744	$428K	Reduce -5.4%
MRK Merck & Co. Inc.	0.19%	4,725	$424K	Add +0.1%
VPU Vanguard Utilities ETF	0.19%	2,415	$413K	Add +0.2%
LLY Eli Lilly & Co.	0.18%	495	$409K	No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.18%	974	$409K	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.17%	3,808	$376K	Reduce -2.6%
ARKK ARK Innovation ETF	0.17%	7,829	$373K	Reduce -10.3%
OMC Omnicom Group	0.17%	4,500	$373K	No change
AXP American Express Co.	0.16%	1,357	$365K	No change
HD Home Depot Inc.	0.16%	971	$356K	Reduce -7.6%
IJH iShares Core S&P Midcap ETF	0.15%	5,755	$336K	No change
DOW Dow Inc.	0.15%	9,561	$334K	No change
SYY Sysco Corp.	0.15%	4,377	$328K	No change
CSCO Cisco Systems Inc.	0.13%	4,672	$288K	Reduce -1.5%
GOOG Alphabet Inc. Class C	0.13%	1,831	$286K	Reduce -2.7%
EMR Emerson Electric Co.	0.13%	2,610	$286K	No change
UNP Union Pacific Corp.	0.13%	1,202	$284K	Reduce -14.3%
MMM 3M Co.	0.13%	1,913	$281K	Reduce -2.0%
NFLX Netflix Inc.	0.12%	295	$275K	No change
UNH Unitedhealth Group Inc.	0.12%	524	$274K	No change
TSLA Tesla Inc.	0.12%	1,043	$270K	Reduce -5.1%
QQQ Invesco QQQ Trust Series 1	0.12%	550	$258K	No change
CAT Caterpillar Inc.	0.12%	779	$257K	No change
FDX FedEx Corp.	0.11%	1,025	$250K	Reduce -3.8%
VXF Vanguard Extended Market ETF	0.11%	1,370	$236K	No change
WFC Wells Fargo & Co.	0.10%	2,949	$212K	Reduce -2.0%
NVS Novartis AG-Sponsored ADR	0.09%	1,850	$206K	New

Show all 103 holdings

Portfolio Sells Q4 2024 → Q1 2025


GOOGL Alphabet Inc. Class A	Reduce -3.9%	2.75%	−0.57
IJR iShares Core S&P Small-Cap E	Reduce -3.1%	5.27%	−0.42
CRM Salesforce Inc.	Reduce -3.3%	1.36%	−0.30
AMZN Amazon.com Inc.	Reduce -2.5%	2.33%	−0.29
MSFT Microsoft Corp.	Reduce -1.8%	2.88%	−0.25
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -2.7%	10.53%	−0.24
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -8.3%	1.51%	−0.22
AAPL Apple Inc.	Reduce -4.1%	1.37%	−0.16
PFF iShares Preferred & Income S	Reduce -7.8%	2.14%	−0.11
IGM iShares Expanded Tech Sector	Reduce -4.8%	0.73%	−0.09
CLX Clorox Company	Sold out	0.00%	−0.09
TSLA Tesla Inc.	Reduce -5.1%	0.12%	−0.07
MDY State Street SPDR S&P Midcap	Reduce -2.5%	1.74%	−0.07
VCR Vanguard Consumer Discre ETF	Reduce -0.1%	0.67%	−0.06
PYPL PayPal Holdings Inc.	Reduce -4.4%	0.19%	−0.06
NVDA Nvidia Corp.	Reduce -1.7%	0.26%	−0.05
VBK Van Morst SML-Cap Gro-Usd Inc.	Reduce -9.5%	0.28%	−0.05
UPS United Parcel Service Class B	Reduce -1.1%	0.45%	−0.05
ARKK ARK Innovation ETF	Reduce -10.3%	0.17%	−0.04
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Reduce -15.3%	0.20%	−0.04
IWB iShares Russell 1000 ETF	Reduce -10.8%	0.25%	−0.03
GOOG Alphabet Inc. Class C	Reduce -2.7%	0.13%	−0.02
DIS The Walt Disney Co.	Reduce -2.6%	0.17%	−0.02
FDX FedEx Corp.	Reduce -3.8%	0.11%	−0.02
HD Home Depot Inc.	Reduce -7.6%	0.16%	−0.01
UNP Union Pacific Corp.	Reduce -14.3%	0.13%	−0.01
IJJ iShares S&P Mid-Cap 400 Valu	Reduce -2.9%	0.42%	−0.01
WMT Walmart Inc.	Reduce -3.5%	0.26%	−0.00
GRITSTONE BIO INC	Sold out	0.00%	0.00
PEP Pepsico Inc.	Reduce -2.4%	0.22%	+0.00
COST Costco Wholesale Corp.	Reduce -7.4%	0.53%	+0.00
JPM JPMorgan Chase & Co.	Reduce -5.4%	0.19%	+0.00
VGIT Vanguard Intermediate-Term T	Reduce -5.8%	0.33%	+0.01
WFC Wells Fargo & Co.	Reduce -2.0%	0.10%	+0.01
CSCO Cisco Systems Inc.	Reduce -1.5%	0.13%	+0.01
KMI Kinder Morgan Inc.	Reduce -6.6%	0.69%	+0.02
TIP iShares Tips Bond ETF	Reduce -0.5%	0.20%	+0.02
MMM 3M Co.	Reduce -2.0%	0.13%	+0.02
VCSH Vanguard S/T Corp. Bond ETF	Reduce -2.6%	0.67%	+0.03
VCIT Vanguard Int-Term Corporate	Reduce -0.9%	0.42%	+0.03
VOE Vngrd Mrngstr MD-Cap Val ETF	Reduce -2.3%	1.56%	+0.03
XOM Exxon Mobil Corp.	Reduce -3.1%	0.32%	+0.04
VZ Verizon Communications Inc.	Reduce -3.1%	0.29%	+0.04
IBM Intl Business Machines Corp.	Reduce -2.7%	0.39%	+0.05
VO Vngrd Mrngstr MD-Cap ETF-Usd	Reduce -1.6%	3.82%	+0.06
IBDQ iShares Ibonds Dec 2025 Term	Reduce -3.4%	2.99%	+0.06
VDC Vanguard Consumer Staple ETF	Reduce -0.2%	0.83%	+0.07
DGRO iShares Core Dividend Growth	Reduce -3.6%	3.00%	+0.07
BIV Vanguard Intermediate-Term B	Reduce -1.5%	1.18%	+0.07
VNQ Vanguard Real Estate ETF	Reduce -1.2%	1.49%	+0.08

Portfolio Buys Q4 2024 → Q1 2025


JPST JPMorgan Ultra-Short Income	Add +1.8%	4.59%	+0.33
IBDV iShares Ibonds Dec 2030 Corp.	Add +6.4%	1.27%	+0.16
JCPB JPMorgan Core Plus Bond ETF	Add +2.3%	1.56%	+0.14
NVS Novartis AG-Sponsored ADR	New	0.09%	+0.09
GE General Electric	New	0.09%	+0.09
VHT Vanguard Health Care ETF	Add +0.0%	0.79%	+0.07
CVX Chevron Corp.	Add +0.3%	0.32%	+0.06
BRK.B Berkshire Hathaway Inc. Class B	Add +2.9%	0.25%	+0.05
VFH Vanguard Financials ETF	Add +0.0%	0.43%	+0.03
PG The Procter & Gamble Co.	Add +0.1%	0.38%	+0.03
D Dominion Energy Inc.	Add +0.1%	0.22%	+0.02
XLI SS Industrial Select Sector	Add +0.0%	0.42%	+0.02
VPU Vanguard Utilities ETF	Add +0.2%	0.19%	+0.02
IVV iShares Core S&P 500 ETF	Add +0.0%	2.65%	+0.02
BAC Bank of America Corp.	Add +0.3%	0.43%	+0.00
MRK Merck & Co. Inc.	Add +0.1%	0.19%	−0.01
ORCL Oracle Corp.	Add +0.0%	0.25%	−0.03

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	113	$280.6M	SPY, IJR, GOOGL, JPST, VO
Q1 2026	109	$256.6M	SPY, IJR, JPST, GOOGL, VO
Q4 2025	107	$258.0M	SPY, IJR, GOOGL, JPST, VO
Q3 2025	72	$113.9M	SPY, IJR, GOOGL, VO, JPST
Q2 2025	107	$241.2M	SPY, IJR, JPST, VO, MSFT
Q1 2025	103	$222.6M	SPY, IJR, JPST, VO, BSV
Q4 2024	103	$234.6M	SPY, IJR, JPST, VO, GOOGL
Q3 2024	107	$241.8M	SPY, IJR, JPST, VO, BSV
Q2 2024	62	$146.6M	SPY, JPST, GOOGL, IBDP, IBDQ
Q1 2024	102	$222.9M	SPY, IJR, JPST, VO, BSV