Houlihan Financial Resource Group, Ltd.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Houlihan Financial Resource Group, Ltd. reported 107 stock positions worth $241.2 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, 4.9%) and JPMorgan Ultra-Short Income (JPST, 4.2%). Compared with Q1 2025, it opened 7 new positions, sold out of 3, added to 28 and reduced 40. The biggest buy was a new position in Ishrs US E F R A ETF-Usd (DYNF) and the biggest sale Vanguard Short-Term Bond ETF (BSV, shares −6%).

Most Recent 13F
Q2 2026
Location
ASHBURN, VA
CIK
0001802879
Portfolio Value
$241.2M (Q2 2025)
SEC Filing
0001802879-25-000004 ↗ filed Aug 14, 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 Q4 2024 Q1 2025: $222.6M Q1 2025 Q2 2025: $241.2M $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 107 stocks · $241.2M
SPY SS SPDR S&P 500 ETF Trust-US 10.79% 41,658 $26.0M Reduce -0.6%
IJR iShares Core S&P Small-Cap E 4.91% 107,823 $11.8M Reduce -3.9%
JPST JPMorgan Ultra-Short Income 4.25% 202,281 $10.2M Add +0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 3.80% 32,422 $9.2M Reduce -1.5%
MSFT Microsoft Corp. 3.57% 16,891 $8.6M Reduce -0.9%
BSV Vanguard Short-Term Bond ETF 3.01% 92,494 $7.3M Reduce -5.9%
GOOGL Alphabet Inc. Class A 3.01% 39,433 $7.3M Reduce -0.4%
DGRO iShares Core Dividend Growth 2.85% 107,036 $6.9M Reduce -1.0%
IVV iShares Core S&P 500 ETF 2.70% 10,357 $6.5M Reduce -1.4%
AMZN Amazon.com Inc. 2.70% 28,693 $6.5M Add +5.1%
IBDQ iShares Ibonds Dec 2025 Term 2.66% 254,942 $6.4M Reduce -3.5%
SDY SS SPDR S&P Dividend ETF 2.27% 40,117 $5.5M Reduce -1.3%
IBDR iShares Ibonds Dec 2026 Term 2.21% 220,299 $5.3M Reduce -0.9%
IBDS Ishrs Ibnds Dec 27 Corp. ETF 2.19% 217,744 $5.3M Reduce -0.6%
IBDT iShares Ibonds Dec 2028 ETF 2.15% 204,720 $5.2M Add +0.7%
IBDU iShares Ibonds Dec 2029 Term 1.96% 202,900 $4.7M Add +0.5%
PFF iShares Preferred & Income S 1.91% 148,685 $4.6M Reduce -4.0%
HDV iShares Core High Dividend E 1.86% 38,069 $4.5M Reduce -1.0%
MA Mastercard Inc. Class A 1.72% 7,363 $4.2M Reduce -1.5%
VUG Vanguard Mrngstar GR ETF-Sui 1.68% 9,078 $4.1M Add +0.2%
MDY State Street SPDR S&P Midcap 1.65% 6,965 $4.0M Reduce -3.9%
V Visa Inc. Class A 1.60% 10,990 $3.9M Reduce -1.6%
JCPB JPMorgan Core Plus Bond ETF 1.54% 78,985 $3.7M Add +7.0%
USMV iShares MSCI USA Min Vol Fac 1.51% 38,980 $3.6M Reduce -1.6%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.46% 21,182 $3.5M Reduce -2.0%
VGT Vanguard Info Tech ETF 1.42% 5,068 $3.4M No change
VNQ Vanguard Real Estate ETF 1.33% 35,993 $3.2M Reduce -1.5%
CRM Salesforce Inc. 1.28% 11,582 $3.1M Add +2.3%
AAPL Apple Inc. 1.25% 14,516 $3.0M Add +5.5%
IBDV iShares Ibonds Dec 2030 Corp. 1.25% 136,941 $3.0M Add +5.1%
BIV Vanguard Intermediate-Term B 1.09% 34,119 $2.6M Reduce -0.2%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.95% 41,800 $2.3M New
QUAL iShares MSCI USA Quality Fac 0.88% 11,535 $2.1M New
IGM iShares Expanded Tech Sector 0.84% 17,767 $2.0M Reduce -0.3%
VDC Vanguard Consumer Staple ETF 0.76% 8,479 $1.8M Add +0.3%
NVDA Nvidia Corp. 0.74% 11,017 $1.8M Add +105.3%
VCR Vanguard Consumer Discre ETF 0.70% 4,585 $1.7M Add +0.3%
KMI Kinder Morgan Inc. 0.64% 53,455 $1.5M Reduce -1.0%
VHT Vanguard Health Care ETF 0.63% 6,283 $1.5M Reduce -5.2%
VCSH Vanguard S/T Corp. Bond ETF 0.58% 17,718 $1.4M Reduce -6.1%
GLD SPDR Gold Shares 0.58% 4,611 $1.4M No change
IGV iShares Expanded Tech-Softwa 0.50% 10,819 $1.2M New
JNJ Johnson & Johnson 0.49% 7,545 $1.2M Add +1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.45% 22,743 $1.1M Reduce -1.9%
XLI SS Industrial Select Sector 0.44% 7,143 $1.1M Add +0.0%
COST Costco Wholesale Corp. 0.43% 1,046 $1.0M Reduce -16.1%
VFH Vanguard Financials ETF 0.42% 8,037 $1.0M Add +0.0%
AMGN Amgen Inc. 0.40% 3,356 $964K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.40% 7,727 $959K Add +0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.40% 3,429 $958K Reduce -1.7%
ORCL Oracle Corp. 0.40% 4,022 $953K Add +0.5%
VCIT Vanguard Int-Term Corporate 0.39% 11,402 $944K Add +0.0%
UPS United Parcel Service Class B 0.35% 8,430 $851K Reduce -7.7%
WBS Webster Financial Corp. 0.35% 15,575 $850K No change
IWV iShares Russell 3000 ETF 0.34% 2,324 $816K No change
PG The Procter & Gamble Co. 0.32% 5,010 $774K Add +0.1%
BALL Ball Corp. 0.32% 13,550 $772K No change
MAR Marriott International Class A 0.31% 2,752 $752K No change
VGIT Vanguard Intermediate-Term T 0.30% 12,278 $733K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.29% 2,476 $692K Reduce -0.8%
CTVA Corteva Inc. 0.28% 9,183 $684K No change
BRK.B Berkshire Hathaway Inc. Class B 0.28% 1,402 $668K Add +32.0%
GOOG Alphabet Inc. Class C 0.27% 3,631 $659K Add +98.3%
VZ Verizon Communications Inc. 0.27% 15,195 $654K Add +7.3%
XOM Exxon Mobil Corp. 0.27% 5,927 $652K Add +0.2%
CVX Chevron Corp. 0.27% 4,324 $640K Add +0.3%
WMT Walmart Inc. 0.26% 6,515 $638K Add +0.0%
IWB iShares Russell 1000 ETF 0.26% 1,850 $628K No change
VTI VG Morningstar TS MKT ETF-US 0.23% 1,822 $554K No change
IHI iShares U.S. Medical Devices 0.22% 8,520 $524K No change
JPM JPMorgan Chase & Co. 0.21% 1,744 $516K No change
JEPI JPMorgan Equity Premium Inco 0.21% 8,900 $503K New
D Dominion Energy Inc. 0.20% 8,635 $490K Add +0.1%
DD Dupont DE Nemours Inc. 0.20% 7,057 $484K No change
SPGI S&P Global Inc. 0.19% 879 $464K No change
PEP Pepsico Inc. 0.18% 3,242 $433K No change
AXP American Express Co. 0.18% 1,357 $432K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.18% 975 $430K Add +0.1%
TIP iShares Tips Bond ETF 0.18% 3,895 $428K Reduce -2.1%
ARKK ARK Innovation ETF 0.18% 5,899 $425K Reduce -24.6%
VPU Vanguard Utilities ETF 0.18% 2,320 $423K Reduce -3.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 3,308 $402K Reduce -13.1%
LLY Eli Lilly & Co. 0.15% 495 $372K No change
IJH iShares Core S&P Midcap ETF 0.15% 5,755 $360K No change
EMR Emerson Electric Co. 0.15% 2,610 $359K No change
IBDW iShares Ibonds Dec 2031 Corp. 0.14% 16,550 $347K New
NFLX Netflix Inc. 0.14% 295 $347K No change
MRK Merck & Co. Inc. 0.14% 4,336 $341K Reduce -8.2%
HD Home Depot Inc. 0.14% 921 $338K Reduce -5.2%
SYY Sysco Corp. 0.14% 4,377 $334K No change
OMC Omnicom Group 0.13% 4,500 $324K No change
CSCO Cisco Systems Inc. 0.13% 4,672 $323K No change
TSLA Tesla Inc. 0.13% 1,043 $322K No change
QQQ Invesco QQQ Trust Series 1 0.13% 550 $311K No change
PYPL PayPal Holdings Inc. 0.11% 3,693 $269K Reduce -43.9%
GE General Electric filed as GE AEROSPACE 0.11% 1,011 $267K No change
UNP Union Pacific Corp. 0.11% 1,202 $267K No change
CAT Caterpillar Inc. 0.11% 629 $264K Reduce -19.3%
VXF Vanguard Extended Market ETF 0.11% 1,370 $264K No change
DOW Dow Inc. 0.11% 9,661 $256K Add +1.1%
MMM 3M Co. 0.10% 1,673 $252K Reduce -12.6%
WFC Wells Fargo & Co. 0.10% 2,949 $237K No change
FDX FedEx Corp. 0.09% 975 $220K Reduce -4.9%
TFC Truist Financial Corp. 0.09% 4,871 $210K No change
DVY iShares Select Dividend ETF 0.09% 1,524 $206K No change
SYK Stryker Corp. 0.09% 521 $205K New
CEG Constellation Energy 0.08% 583 $203K New

Portfolio Sells Q1 2025 → Q2 2025
BSV Vanguard Short-Term Bond ETF Reduce -5.9% 3.01% −0.44
IJR iShares Core S&P Small-Cap E Reduce -3.9% 4.91% −0.36
IBDQ iShares Ibonds Dec 2025 Term Reduce -3.5% 2.66% −0.33
HDV iShares Core High Dividend E Reduce -1.0% 1.86% −0.23
PFF iShares Preferred & Income S Reduce -4.0% 1.91% −0.23
SDY SS SPDR S&P Dividend ETF Reduce -1.3% 2.27% −0.21
VV Vngrd Mrgstr LRG-Cap ETF-Usd Sold out 0.00% −0.20
IBDR iShares Ibonds Dec 2026 Term Reduce -0.9% 2.21% −0.20
IBDS Ishrs Ibnds Dec 27 Corp. ETF Reduce -0.6% 2.19% −0.19
V Visa Inc. Class A Reduce -1.6% 1.60% −0.16
USMV iShares MSCI USA Min Vol Fac Reduce -1.6% 1.51% −0.16
VNQ Vanguard Real Estate ETF Reduce -1.5% 1.33% −0.16
VHT Vanguard Health Care ETF Reduce -5.2% 0.63% −0.15
DGRO iShares Core Dividend Growth Reduce -1.0% 2.85% −0.15
UNH Unitedhealth Group Inc. Sold out 0.00% −0.12
MA Mastercard Inc. Class A Reduce -1.5% 1.72% −0.12
COST Costco Wholesale Corp. Reduce -16.1% 0.43% −0.10
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -2.0% 1.46% −0.10
UPS United Parcel Service Class B Reduce -7.7% 0.35% −0.10
NVS Novartis AG-Sponsored ADR Sold out 0.00% −0.09
MDY State Street SPDR S&P Midcap Reduce -3.9% 1.65% −0.09
VCSH Vanguard S/T Corp. Bond ETF Reduce -6.1% 0.58% −0.09
BIV Vanguard Intermediate-Term B Reduce -0.2% 1.09% −0.08
PYPL PayPal Holdings Inc. Reduce -43.9% 0.11% −0.08
KMI Kinder Morgan Inc. Reduce -1.0% 0.64% −0.05
MRK Merck & Co. Inc. Reduce -8.2% 0.14% −0.05
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.5% 3.80% −0.02
MMM 3M Co. Reduce -12.6% 0.10% −0.02
FDX FedEx Corp. Reduce -4.9% 0.09% −0.02
TIP iShares Tips Bond ETF Reduce -2.1% 0.18% −0.02
HD Home Depot Inc. Reduce -5.2% 0.14% −0.02
VPU Vanguard Utilities ETF Reduce -3.9% 0.18% −0.01
CAT Caterpillar Inc. Reduce -19.3% 0.11% −0.01
DIS The Walt Disney Co. Reduce -13.1% 0.17% −0.00
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -0.8% 0.29% +0.00
IBM Intl Business Machines Corp. Reduce -1.7% 0.40% +0.01
ARKK ARK Innovation ETF Reduce -24.6% 0.18% +0.01
BAC Bank of America Corp. Reduce -1.9% 0.45% +0.01
IVV iShares Core S&P 500 ETF Reduce -1.4% 2.70% +0.05
IGM iShares Expanded Tech Sector Reduce -0.3% 0.84% +0.11
GOOGL Alphabet Inc. Class A Reduce -0.4% 3.01% +0.26
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.6% 10.79% +0.26
MSFT Microsoft Corp. Reduce -0.9% 3.57% +0.69

Portfolio Buys Q1 2025 → Q2 2025
DYNF Ishrs US E F R A ETF-Usd Inc. New 0.95% +0.95
QUAL iShares MSCI USA Quality Fac New 0.88% +0.88
IGV iShares Expanded Tech-Softwa New 0.50% +0.50
NVDA Nvidia Corp. Add +105.3% 0.74% +0.48
AMZN Amazon.com Inc. Add +5.1% 2.70% +0.36
JEPI JPMorgan Equity Premium Inco New 0.21% +0.21
VUG Vanguard Mrngstar GR ETF-Sui Add +0.2% 1.68% +0.17
GOOG Alphabet Inc. Class C Add +98.3% 0.27% +0.14
IBDW iShares Ibonds Dec 2031 Corp. New 0.14% +0.14
ORCL Oracle Corp. Add +0.5% 0.40% +0.14
SYK Stryker Corp. New 0.09% +0.09
CEG Constellation Energy New 0.08% +0.08
VCR Vanguard Consumer Discre ETF Add +0.3% 0.70% +0.03
XLI SS Industrial Select Sector Add +0.0% 0.44% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +32.0% 0.28% +0.02
WMT Walmart Inc. Add +0.0% 0.26% +0.01
DIA SS SPDR Dow Jones Indus Avg Add +0.1% 0.18% −0.01
VFH Vanguard Financials ETF Add +0.0% 0.42% −0.01
D Dominion Energy Inc. Add +0.1% 0.20% −0.01
VZ Verizon Communications Inc. Add +7.3% 0.27% −0.02
IJJ iShares S&P Mid-Cap 400 Valu Add +0.0% 0.40% −0.02
JCPB JPMorgan Core Plus Bond ETF Add +7.0% 1.54% −0.02
IBDV iShares Ibonds Dec 2030 Corp. Add +5.1% 1.25% −0.03
VCIT Vanguard Int-Term Corporate Add +0.0% 0.39% −0.03
DOW Dow Inc. Add +1.1% 0.11% −0.04
XOM Exxon Mobil Corp. Add +0.2% 0.27% −0.05
CVX Chevron Corp. Add +0.3% 0.27% −0.06
JNJ Johnson & Johnson Add +1.3% 0.49% −0.06
PG The Procter & Gamble Co. Add +0.1% 0.32% −0.06
VDC Vanguard Consumer Staple ETF Add +0.3% 0.76% −0.07
CRM Salesforce Inc. Add +2.3% 1.28% −0.09
AAPL Apple Inc. Add +5.5% 1.25% −0.13
IBDU iShares Ibonds Dec 2029 Term Add +0.5% 1.96% −0.14
IBDT iShares Ibonds Dec 2028 ETF Add +0.7% 2.15% −0.15
JPST JPMorgan Ultra-Short Income Add +0.2% 4.25% −0.34

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