Independent Wealth Network Inc.

Name: Independent Wealth Network Inc. 13F holdings, Q2 2025
Creator: Independent Wealth Network Inc.
Published: 2025-07-16

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

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Independent Wealth Network Inc. reported 257 stock positions worth $274.2 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 4.2% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 3.8%) and Caterpillar (CAT, 3.8%). Compared with Q1 2025, it opened 18 new positions, sold out of 5, added to 156 and reduced 78. The biggest buy was a new position in FT Vest Invst GRD TRGT I ETF (LQTI) and the biggest sale an exit from Pacer Met US LRG Cap DVD 400 (QDPL).

Most Recent 13F: Q2 2026
Location: URBANDALE, IA
CIK: 0001891240
Portfolio Value: $274.2M (Q2 2025)
SEC Filing: 0001891240-25-000004 ↗ filed Jul 16, 2025

Holdings Value

Holdings 257 stocks · $274.2M


SPYG SS SPDR P S&P 500 Growth ETF	4.17%	120,044	$11.4M	Add +2.1%
SPYM Ste STR SPDR PT S&P 500 ETF	3.84%	144,872	$10.5M	Add +0.7%
CAT Caterpillar Inc.	3.75%	26,503	$10.3M	Reduce -0.2%
JPST JPMorgan Ultra-Short Income	3.05%	165,004	$8.4M	Reduce -9.9%
SPYV SS SPDR P S&P 500 Value ETF	2.69%	140,868	$7.4M	Add +3.4%
ILTB iShares Core 10+ Year Usd Bo	1.93%	106,852	$5.3M	Add +3.5%
ACWI iShares MSCI Acwi ETF	1.92%	40,844	$5.3M	Add +0.8%
MSFT Microsoft Corp.	1.71%	9,436	$4.7M	Reduce -3.4%
DFUS Dimensional US Eq MKT ETF	1.70%	69,438	$4.7M	Add +6.3%
FLRT Pacer Aristotle Pacific Floa	1.63%	94,193	$4.5M	Reduce -10.4%
CVX Chevron Corp.	1.63%	31,221	$4.5M	Add +4.5%
NVDA Nvidia Corp.	1.53%	26,645	$4.2M	Add +8.0%
SPAB SS SPDR P Agg Bond ETF	1.46%	155,887	$4.0M	Add +2.2%
AAPL Apple Inc.	1.45%	19,418	$4.0M	Reduce -6.8%
SPYD SS SPDR P S&P 500 Hi Div ETF	1.35%	87,176	$3.7M	Add +2.4%
RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER	1.31%	150,266	$3.6M	Add +16.4%
SLV iShares Silver Trust	1.23%	103,160	$3.4M	Add +9.8%
VOO Vanguard S&P 500 ETF	1.21%	5,825	$3.3M	Reduce -4.0%
QQQ Invesco QQQ Trust Series 1	1.19%	5,914	$3.3M	Add +1.7%
AMZN Amazon.com Inc.	1.14%	14,217	$3.1M	Add +10.5%
PLTR Palantir Technologies Inc. Class A	1.12%	22,583	$3.1M	Add +3.3%
GLD SPDR Gold Shares	1.06%	9,546	$2.9M	Reduce -9.2%
VUG Vanguard Mrngstar GR ETF-Sui	0.96%	6,027	$2.6M	Add +8.1%
USRT iShares Core US REIT ETF	0.91%	44,226	$2.5M	Add +1.9%
VYM Vanguard High DVD Yield ETF	0.90%	18,452	$2.5M	Reduce -1.1%
PSFF Pacer Swan Sos Fund of Funds	0.87%	78,379	$2.4M	Reduce -3.0%
FJAN FT Vest U.S. Equity Buffer E	0.87%	49,927	$2.4M	Reduce -1.4%
BRK.B Berkshire Hathaway Inc. Class B	0.86%	4,850	$2.4M	Reduce -2.0%
META Meta Platforms Inc. Class A	0.86%	3,189	$2.4M	Add +1.8%
JEPI JPMorgan Equity Premium Inco	0.84%	40,369	$2.3M	Add +3.1%
STIP iShares 0-5 Year Tips Bond E	0.83%	22,211	$2.3M	Add +3.1%
BIL SS SPDR BB 1-3M T-Bill ETF	0.79%	23,744	$2.2M	Add +1.0%
FPE FT-Preferred Secur & Inc. ETF	0.76%	116,743	$2.1M	Add +1.9%
V Visa Inc. Class A	0.72%	5,555	$2.0M	Add +4.0%
FLOT iShares Floating Rate Bond E	0.70%	37,824	$1.9M	Reduce -2.1%
YYY Amplify Cef High Income ETF	0.70%	163,923	$1.9M	Add +3.0%
XLK SS Technology Select Sector	0.68%	7,310	$1.9M	Add +5.2%
LQTI FT Vest Invst GRD TRGT I ETF	0.66%	89,240	$1.8M	New
BUFR FT Vest Lad Buffervetf-Usd I	0.66%	56,996	$1.8M	Add +7.3%
SPY SS SPDR S&P 500 ETF Trust-US	0.64%	2,828	$1.7M	Add +8.0%
QYLD Global X Nasd 100 Cov Call	0.63%	103,269	$1.7M	Add +36.3%
ZDEK Inno Equ Def Pro ETF - 1 DE	0.58%	64,857	$1.6M	Add +34.7%
BND Vanguard Total Bond Market	0.55%	20,482	$1.5M	Add +8.8%
JPUS JPMorgan Div Ret US Eq ETF	0.54%	12,644	$1.5M	Add +1.0%
XAWFX Alliancebernstein GL Hi Inc.	0.54%	134,458	$1.5M	Add +0.4%
BRK.A Berkshire Hathaway Inc. Class A	0.53%	2	$1.5M	No change
ITA iShares U.S. Aerospace & Def	0.51%	7,399	$1.4M	Add +2.9%
KR Kroger Co.	0.51%	19,312	$1.4M	Add +0.9%
AGGY Wisdomtree Yield Enhanced US	0.49%	30,973	$1.4M	Add +0.9%
KYN Kayne Anderson Energy Infra	0.48%	103,390	$1.3M	Reduce -0.1%
BKLN Invesco Senior Loan ETF	0.47%	62,249	$1.3M	Add +6.7%
SGOV iShares 0-3 Month Treasury B	0.46%	12,567	$1.3M	Reduce -4.0%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET	0.45%	33,719	$1.2M	Add +4.6%
TSLA Tesla Inc.	0.45%	3,880	$1.2M	Add +15.3%
SECT Main Sector Rotation ETF	0.43%	20,313	$1.2M	Reduce -2.1%
SHY iShares 1-3 Year Treasury Bo	0.42%	13,949	$1.2M	Reduce -2.6%
PGX Invesco Preferred ETF	0.42%	103,248	$1.1M	Add +2.1%
XLE SS Energy Select Sector	0.42%	13,459	$1.1M	Add +5.2%
MSI Motorola Solutions Inc.	0.42%	2,713	$1.1M	Reduce -0.6%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.42%	4,113	$1.1M	Add +7.2%
XMMO Invesco S&P Midcap Momentum	0.41%	8,644	$1.1M	Add +6.8%
DVY iShares Select Dividend ETF	0.40%	8,353	$1.1M	Add +0.8%
ARCC Ares Capital Corp.	0.40%	49,754	$1.1M	Reduce -0.0%
MO Altria Group Inc.	0.40%	18,504	$1.1M	Add +0.8%
BA The Boeing Co.	0.39%	5,124	$1.1M	Add +5.4%
HACK Amplify Cybersecurity ETF	0.39%	12,231	$1.1M	Reduce -0.8%
ET Energy Transfer LP	0.38%	57,703	$1.0M	Add +26.0%
LGLV SPDR US LC Low Vol Idx	0.38%	5,970	$1.0M	Reduce -2.6%
COST Costco Wholesale Corp.	0.38%	1,046	$1.0M	Add +0.4%
VNQ Vanguard Real Estate ETF	0.38%	11,610	$1.0M	Add +7.1%
HD Home Depot Inc.	0.38%	2,813	$1.0M	Reduce -0.5%
VCIT Vanguard Int-Term Corporate	0.37%	12,396	$1.0M	Reduce -1.8%
VIG Vanguard Dividend Apprec ETF	0.37%	4,946	$1.0M	Add +0.8%
IAU iShares Gold Trust	0.36%	15,998	$998K	Add +5.0%
SOXX iShares Semiconductor ETF	0.36%	4,174	$996K	Add +9.0%
HON Honeywell International Inc.	0.36%	4,208	$980K	Add +2.0%
EFA iShares MSCI Eafe ETF	0.35%	10,885	$973K	Add +0.5%
IVV iShares Core S&P 500 ETF	0.35%	1,561	$969K	Add +2.8%
MINT PIMCO Enhanced Short Maturit	0.35%	9,497	$955K	Add +0.2%
VTIP Vanguard Short-Term Tips	0.35%	18,859	$948K	Add +4.0%
XOM Exxon Mobil Corp.	0.34%	8,761	$944K	Add +1.7%
GOOG Alphabet Inc. Class C	0.32%	4,984	$884K	Add +10.8%
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED	0.30%	25,006	$836K	Add +18.2%
SCHG Schwab US Large-Cap Growth	0.29%	27,389	$800K	Add +1.9%
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.29%	2,806	$798K	Add +0.4%
CASY Casey's General Stores Inc.	0.28%	1,528	$780K	Reduce -2.4%
EWA iShares MSCI Australia ETF	0.27%	28,442	$749K	Add +0.7%
JSML Janus Hender SM Cap GRW Alph	0.27%	11,050	$745K	Add +6.4%
CME Cme Group Inc.	0.27%	2,680	$739K	Reduce -0.3%
FRTY Alger Mid Cap 40 ETF	0.27%	38,260	$735K	Add +11.5%
IDV iShares International Select	0.27%	21,062	$727K	Add +2.8%
JCPB JPMorgan Core Plus Bond ETF	0.26%	15,395	$724K	Add +2.1%
IDEV iShares Core MSCI Dev MKTS	0.26%	9,340	$710K	Add +53.2%
AAXJ iShares MSCI All Country Asi	0.26%	8,570	$708K	Add +0.4%
SDVY First Trust Smid Cap Rising	0.26%	19,850	$700K	Reduce -2.8%
BUFB Innovator Ladd Allo Buff ETF	0.26%	20,660	$700K	Reduce -0.7%
NFLX Netflix Inc.	0.25%	519	$695K	Reduce -0.8%
SPEM State Street SP PTF Em ETF	0.25%	16,238	$694K	Add +0.1%
WINN Harbor Long-Term Growers ETF	0.25%	23,292	$678K	Add +20.3%
HSY The Hershey Co.	0.24%	4,050	$672K	Add +0.2%
VEA Vanguard Ftse Developed ETF	0.24%	11,660	$665K	Reduce -5.1%
FYC First Trust Small Cap Growth	0.24%	8,163	$650K	Add +2.3%
ICVT iShares Convertible Bond ETF	0.24%	7,182	$647K	Add +5.8%
LAC Lithium Americas Corp.	0.23%	239,255	$641K	Add +3.4%
AGG iShares Core U.S. Aggregate	0.23%	6,447	$640K	Add +4.5%
SPTM SS SPDR P S&P 1500 Comp ETF	0.23%	8,475	$635K	Add +0.3%
QQQM Invesco Nasdaq 100 ETF	0.23%	2,780	$631K	New
FEX First Trust Large Cap Core A	0.23%	5,741	$631K	Add +1.1%
USHY iShares Broad Usd High Yield	0.23%	16,740	$628K	Reduce -1.4%
PKW Invesco Buyback Achievers Et	0.23%	5,077	$628K	Reduce -4.1%
FTCS First Trust Capital Strength	0.23%	6,895	$627K	Add +1.3%
JPIE JPMorgan Income ETF	0.23%	13,510	$626K	Add +6.6%
AVGO Broadcom Inc.	0.23%	2,264	$624K	Reduce -0.3%
XCCC Bondbloxx-CCC-Usd HY Corp. BD	0.22%	15,867	$616K	New
TFI SS SPDR N Ice Muni Bond ETF	0.22%	13,536	$605K	Add +0.1%
PCMM BBLX Private Credit Clo ETF	0.22%	11,960	$603K	New
VTV Vanguard Mrngstr Val ETF-Aui	0.22%	3,395	$600K	Add +57.3%
JNJ Johnson & Johnson	0.22%	3,919	$599K	Reduce -5.9%
WMT Walmart Inc.	0.22%	6,047	$591K	Add +8.1%
RPV Invesco S&P 500 Pure Value E	0.22%	6,303	$591K	Reduce -0.7%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F	0.21%	9,193	$590K	Reduce -1.7%
DLN Wisdomtree US Largecap Divid	0.21%	7,141	$587K	New
CLX Clorox Company	0.21%	4,821	$579K	Add +0.9%
KSS Kohls Corp.	0.21%	67,213	$570K	Reduce -1.1%
DFAX Dimensional World Ex US Core	0.21%	19,310	$567K	No change
SHW The Sherwin-Williams Co.	0.21%	1,640	$563K	Reduce -0.7%
RTRE Rareview Total Return BD ETF filed as COLLABORATIVE INVESTMNT SER	0.20%	22,177	$556K	Reduce -0.3%
T AT&T Inc.	0.20%	19,039	$551K	Add +6.2%
SCHV Schwab US Large-Cap Value	0.20%	19,415	$537K	Add +1.5%
AFL Aflac Inc.	0.20%	5,079	$536K	Reduce -0.9%
IWM iShares Russell 2000 ETF	0.19%	2,477	$534K	Add +2.6%
IJK iShares S&P Mid-Cap 400 Grow	0.19%	5,796	$527K	Reduce -0.6%
FSK FS KKR Capital Corp.	0.19%	25,298	$525K	Reduce -0.0%
FTHI Fthi/First Trust Exchange-TR	0.19%	22,575	$516K	Reduce -7.0%
IVE iShares S&P 500 Value ETF	0.19%	2,610	$510K	Reduce -0.1%
VZ Verizon Communications Inc.	0.19%	11,785	$510K	Add +1.3%
USFR Wisdomtree Floating Rate Tre	0.19%	10,101	$508K	Reduce -0.3%
FTSM First Trust Enh Short Mat FD	0.18%	8,371	$501K	Reduce -42.4%
HDV iShares Core High Dividend E	0.18%	4,275	$501K	Reduce -0.1%
GOOGL Alphabet Inc. Class A	0.18%	2,776	$489K	Add +21.9%
CSCO Cisco Systems Inc.	0.18%	6,988	$485K	Add +3.2%
JPM JPMorgan Chase & Co.	0.17%	1,626	$471K	Add +3.9%
IGLD FT Vest Gold Strategy Target	0.17%	21,662	$470K	Add +0.8%
PG The Procter & Gamble Co.	0.17%	2,917	$465K	Add +1.5%
GLOF iShares Global Equity Factor	0.17%	9,521	$459K	Reduce -4.5%
HYLS FT Tactical High Yield ETF	0.17%	10,929	$457K	Add +8.4%
SCHO Schwab Short-Term US Treas	0.17%	18,711	$456K	Add +2.3%
FYX First Trust Small Cap Core A	0.17%	4,650	$452K	Add +1.6%
FNX First Trust Mid Cap Core Alp	0.16%	3,861	$443K	Reduce -0.2%
BITO Proshares Bitcoin ETF-Usd	0.16%	20,534	$442K	Add +70.0%
FTA First Trust L C Val Alp	0.16%	5,570	$438K	Reduce -0.6%
RDVI FT Vest Rising Dividend Achi	0.16%	17,254	$426K	Add +2.0%
IBB iShares Biotechnology ETF	0.16%	3,363	$426K	Reduce -2.7%
AIRR First Trust Rba American Ind	0.15%	5,178	$422K	Add +4.9%
ARKK ARK Innovation ETF	0.15%	5,882	$413K	Reduce -15.2%
ABBV Abbvie Inc.	0.15%	2,208	$410K	Add +5.0%
RBLX Roblox Corp. Class A	0.15%	3,885	$409K	Add +3.9%
SPMD SS SPDR P S&P 400 Midcap ETF	0.15%	7,468	$406K	Add +1.6%
RDVY First Trust Rising Dividend	0.15%	6,446	$404K	Reduce -0.1%
DE Deere & Co.	0.15%	787	$400K	Reduce -4.6%
FDVV Fidelity High Dividend ETF	0.14%	7,612	$396K	Add +7.8%
FTEC Fidelity MSCI Info Tech Indx	0.14%	1,999	$394K	Add +0.6%
FSCO FS Credit Opportunities Corp.	0.14%	54,039	$392K	Reduce -2.6%
AMD Advanced Micro Devices	0.14%	2,741	$389K	Add +12.9%
NYF iShares New York Muni Bond E	0.14%	7,420	$387K	Add +0.1%
IVW iShares S&P 500 Growth ETF	0.14%	3,441	$379K	Add +0.4%
LLY Eli Lilly & Co.	0.14%	485	$378K	Reduce -0.4%
VDE Vanguard Energy ETF	0.14%	3,146	$375K	Add +4.4%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.14%	3,391	$372K	Add +0.6%
VGT Vanguard Info Tech ETF	0.14%	560	$371K	Add +11.3%
MA Mastercard Inc. Class A	0.13%	658	$370K	Add +4.8%
IJR iShares Core S&P Small-Cap E	0.13%	3,370	$368K	Reduce -0.6%
SPSM SS SPDR P S&P 600 Small Cap	0.13%	8,561	$365K	Add +3.0%
VTEB Vanguard Tax-Exempt Bond ETF	0.13%	7,349	$360K	Reduce -9.2%
TSM Taiwan Semiconductor-SP ADR	0.13%	1,568	$355K	Add +6.1%
JMHI JPMorgan High Yield Municpl	0.13%	7,088	$353K	Reduce -79.1%
MCN Xai Madison Equity Premium I	0.13%	55,611	$348K	Add +5.7%
ABT Abbott Laboratories	0.13%	2,523	$343K	Add +2.1%
QCOM Qualcomm Inc.	0.12%	2,150	$342K	Reduce -1.4%
AMLP Alerian MLP ETF	0.12%	6,812	$333K	Add +6.6%
IEMG iShares Core MSCI Emerging	0.12%	5,544	$333K	Add +44.0%
CNRG SS SPDR S&P Kensho CLP ETF	0.12%	5,481	$326K	Reduce -5.7%
ATO Atmos Energy Corp.	0.12%	2,110	$325K	Add +4.5%
PM Philip Morris International	0.12%	1,762	$321K	Add +4.7%
CEF Sprott Physical Gold and Sil	0.12%	10,609	$319K	Reduce -4.2%
VWO Vanguard Ftse Emerging Marke	0.12%	6,380	$316K	Reduce -5.6%
MRK Merck & Co. Inc.	0.11%	3,918	$310K	Add +7.6%
BCX BlackRock Resources & Commod	0.11%	32,781	$310K	Add +3.5%
PTLC Pacer Trendpilot US Large Ca	0.11%	6,072	$308K	Reduce -30.4%
SPGI S&P Global Inc.	0.11%	578	$305K	Add +5.3%
ZOCT Inr Eqty Def P ETF - 1 Y Oc	0.11%	11,719	$305K	Add +1.8%
USMV iShares MSCI USA Min Vol Fac	0.11%	3,213	$302K	Reduce -1.2%
FV First Trust DW Focus 5 Fund	0.11%	5,082	$301K	Add +17.6%
MUB iShares National Muni Bond E	0.11%	2,848	$298K	Add +19.5%
CTVA Corteva Inc.	0.11%	3,934	$293K	Add +2.5%
PSR Invesco Active US Real Estat	0.11%	3,161	$289K	Add +0.9%
SYK Stryker Corp.	0.10%	726	$287K	Add +2.1%
KO The Coca-Cola Co.	0.10%	4,048	$286K	Reduce -21.6%
SOFI Sofi Technologies Inc.	0.10%	15,715	$286K	Reduce -2.5%
TOST Toast Inc. Class A	0.10%	6,441	$285K	Add +5.0%
TMUS T-Mobile US Inc.	0.10%	1,187	$283K	Add +22.1%
GPN Global Payments Inc.	0.10%	3,516	$281K	Add +2.5%
FIIG FT Intermed Dur Ig Corp. ETF	0.10%	13,332	$280K	Add +12.4%
FFEB FT Vest US Equity Buffer ETF	0.10%	5,270	$276K	Add +0.1%
UBER Uber Technologies Inc.	0.10%	2,954	$276K	Add +1.3%
BABA Alibaba Group Holding-SP ADR	0.10%	2,420	$274K	Reduce -9.2%
XYZ Block Inc.	0.10%	3,922	$266K	New
APH Amphenol Corp. Class A	0.10%	2,695	$266K	New
ORCL Oracle Corp.	0.10%	1,215	$266K	New
BNDX Vanguard Total Intl Bond ETF	0.10%	5,316	$263K	Add +2.0%
ZJAN Innovator Edp ETF - 1Y Jan	0.10%	9,983	$263K	New
PEP Pepsico Inc.	0.09%	1,965	$260K	Add +4.4%
HFXI Nylim Ftse Intr Eq CN ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET	0.09%	8,718	$257K	Add +2.1%
WEC WEC Energy Group Inc.	0.09%	2,464	$257K	Add +8.6%
SDVD FT Vest Smid Rising Dividend	0.09%	12,470	$256K	Reduce -2.7%
MDLZ Mondelez International Inc. Class A	0.09%	3,732	$252K	Add +5.3%
JGH Nuveen Global High Income	0.09%	19,434	$251K	Reduce -1.9%
TXN Texas Instruments Inc.	0.09%	1,197	$249K	Reduce -4.5%
SCHX Schwab US Large-Cap ETF	0.09%	10,021	$245K	Add +3.8%
DVN Devon Energy Corp.	0.09%	7,693	$245K	Add +18.8%
TSCO Tractor Supply Company	0.09%	4,556	$240K	Add +5.1%
CTAS Cintas Corp.	0.09%	1,077	$240K	Add +4.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	0.09%	4,408	$240K	New
ENB Enbridge Inc.	0.09%	5,247	$238K	Add +0.7%
MCD McDonald's Corp.	0.09%	808	$236K	Add +7.9%
TT Trane Technologies PLC	0.09%	535	$234K	New
COWZ Pacer US Cash Cows 100 ETF	0.09%	4,239	$234K	Add +3.4%
MMM 3M Co.	0.08%	1,529	$233K	Reduce -14.9%
INTU Intuit Inc.	0.08%	292	$230K	New
FAST Fastenal Co.	0.08%	5,447	$229K	Add +4.9%
WFC Wells Fargo & Co.	0.08%	2,843	$228K	Add +1.9%
RSG Republic Services Inc.	0.08%	923	$228K	Add +1.1%
ACWV iShares MSCI Global Min Vol	0.08%	1,892	$224K	Reduce -4.0%
BUFZ FT Vest Laddered Moderate Bu	0.08%	8,938	$223K	New
INTC Intel Corp.	0.08%	9,927	$222K	Add +5.2%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	0.08%	2,747	$222K	Reduce -0.1%
UEC Uranium Energy Corp.	0.08%	31,509	$214K	Add +0.1%
ADP Automatic Data Processing	0.08%	695	$214K	Add +4.8%
PSX Phillips 66	0.08%	1,772	$211K	Reduce -3.1%
IMCG iShares Morningstar Mid-Cap	0.08%	2,634	$211K	Reduce -27.5%
BR Broadridge Financial Solutio	0.08%	858	$209K	Add +3.4%
FTRI First Trust Indxx Global Nat	0.08%	14,646	$208K	Reduce -3.7%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.08%	1,067	$208K	New
FDL First Trust Morn DVD Lead Inc.	0.08%	4,927	$206K	New
VT Vanguard Tot World STK ETF	0.07%	1,566	$201K	New
APP AppLovin Corp. Class A	0.07%	573	$201K	New
JRS Nuveen Real Estate Income	0.06%	21,600	$168K	Add +15.8%
RIVN Rivian Automotive Inc. Class A	0.06%	12,212	$168K	Add +6.9%
GRNT Granite Ridge Resources Inc.	0.05%	21,164	$135K	Add +5.5%
WBA Walgreens Boots Alliance Inc.	0.05%	11,145	$128K	Reduce -21.5%
F Ford Motor Co. filed as FORD MTR CO	0.05%	11,684	$127K	New
XFOFX Cohen & Steers Closed-End Op	0.05%	10,032	$127K	Reduce -1.1%
DNP DNP Select Income Fund Inc.	0.04%	11,520	$113K	No change
BGS B&G Foods Inc.	0.03%	21,375	$90K	Add +34.3%
AKBA Akebia Therapeutics Inc.	0.02%	13,003	$47K	No change
BTG B2GOLD Corp.	0.01%	10,000	$36K	No change
NAK Northern Dynasty Minerals	0.01%	15,730	$21K	Reduce -0.4%

Other holdings (1): bonds, preferreds, convertibles and warrants · $610K (not counted above)

Security	Class	Shares / Principal	Value	Change
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	519	$610K	Add +1.6%

Total filed on the 13F, all lines: $274.9M.

Portfolio Sells Q1 2025 → Q2 2025


QDPL Pacer Met US LRG Cap DVD 400	Sold out	0.00%	−0.74
JPST JPMorgan Ultra-Short Income	Reduce -9.9%	3.05%	−0.66
JMHI JPMorgan High Yield Municpl	Reduce -79.1%	0.13%	−0.56
AAPL Apple Inc.	Reduce -6.8%	1.45%	−0.40
FLRT Pacer Aristotle Pacific Floa	Reduce -10.4%	1.63%	−0.34
BRK.B Berkshire Hathaway Inc. Class B	Reduce -2.0%	0.86%	−0.19
FTSM First Trust Enh Short Mat FD	Reduce -42.4%	0.18%	−0.16
GLD SPDR Gold Shares	Reduce -9.2%	1.06%	−0.15
UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.11
FLOT iShares Floating Rate Bond E	Reduce -2.1%	0.70%	−0.08
WTBA West Bancorporation	Sold out	0.00%	−0.08
SNA Snap-on Inc.	Sold out	0.00%	−0.08
SPHD Invesco S&P 500 High Dividen	Sold out	0.00%	−0.08
PTLC Pacer Trendpilot US Large Ca	Reduce -30.4%	0.11%	−0.07
SGOV iShares 0-3 Month Treasury B	Reduce -4.0%	0.46%	−0.07
VYM Vanguard High DVD Yield ETF	Reduce -1.1%	0.90%	−0.07
MSI Motorola Solutions Inc.	Reduce -0.6%	0.42%	−0.06
JNJ Johnson & Johnson	Reduce -5.9%	0.22%	−0.06
SHY iShares 1-3 Year Treasury Bo	Reduce -2.6%	0.42%	−0.05
PSFF Pacer Swan Sos Fund of Funds	Reduce -3.0%	0.87%	−0.05
KYN Kayne Anderson Energy Infra	Reduce -0.1%	0.48%	−0.05
LGLV SPDR US LC Low Vol Idx	Reduce -2.6%	0.38%	−0.05
KO The Coca-Cola Co.	Reduce -21.6%	0.10%	−0.04
ARCC Ares Capital Corp.	Reduce -0.0%	0.40%	−0.04
VOO Vanguard S&P 500 ETF	Reduce -4.0%	1.21%	−0.04
BABA Alibaba Group Holding-SP ADR	Reduce -9.2%	0.10%	−0.04
HD Home Depot Inc.	Reduce -0.5%	0.38%	−0.04
VCIT Vanguard Int-Term Corporate	Reduce -1.8%	0.37%	−0.04
FJAN FT Vest U.S. Equity Buffer E	Reduce -1.4%	0.87%	−0.03
AFL Aflac Inc.	Reduce -0.9%	0.20%	−0.03
VTEB Vanguard Tax-Exempt Bond ETF	Reduce -9.2%	0.13%	−0.03
IMCG iShares Morningstar Mid-Cap	Reduce -27.5%	0.08%	−0.03
SHW The Sherwin-Williams Co.	Reduce -0.7%	0.21%	−0.03
HDV iShares Core High Dividend E	Reduce -0.1%	0.18%	−0.02
FTHI Fthi/First Trust Exchange-TR	Reduce -7.0%	0.19%	−0.02
LLY Eli Lilly & Co.	Reduce -0.4%	0.14%	−0.02
IBB iShares Biotechnology ETF	Reduce -2.7%	0.16%	−0.02
USHY iShares Broad Usd High Yield	Reduce -1.4%	0.23%	−0.02
MMM 3M Co.	Reduce -14.9%	0.08%	−0.02
FSK FS KKR Capital Corp.	Reduce -0.0%	0.19%	−0.02
RTRE Rareview Total Return BD ETF	Reduce -0.3%	0.20%	−0.02
RPV Invesco S&P 500 Pure Value E	Reduce -0.7%	0.22%	−0.02
USFR Wisdomtree Floating Rate Tre	Reduce -0.3%	0.19%	−0.02
SDVY First Trust Smid Cap Rising	Reduce -2.8%	0.26%	−0.02
WBA Walgreens Boots Alliance Inc.	Reduce -21.5%	0.05%	−0.02
CME Cme Group Inc.	Reduce -0.3%	0.27%	−0.02
KSS Kohls Corp.	Reduce -1.1%	0.21%	−0.01
FSCO FS Credit Opportunities Corp.	Reduce -2.6%	0.14%	−0.01
PSX Phillips 66	Reduce -3.1%	0.08%	−0.01
IVE iShares S&P 500 Value ETF	Reduce -0.1%	0.19%	−0.01

Portfolio Buys Q1 2025 → Q2 2025


LQTI FT Vest Invst GRD TRGT I ETF	New	0.66%	+0.66
NVDA Nvidia Corp.	Add +8.0%	1.53%	+0.47
SPYG SS SPDR P S&P 500 Growth ETF	Add +2.1%	4.17%	+0.39
PLTR Palantir Technologies Inc. Class A	Add +3.3%	1.12%	+0.38
QQQM Invesco Nasdaq 100 ETF	New	0.23%	+0.23
XCCC Bondbloxx-CCC-Usd HY Corp. BD	New	0.22%	+0.22
PCMM BBLX Private Credit Clo ETF	New	0.22%	+0.22
DLN Wisdomtree US Largecap Divid	New	0.21%	+0.21
AMZN Amazon.com Inc.	Add +10.5%	1.14%	+0.16
VUG Vanguard Mrngstar GR ETF-Sui	Add +8.1%	0.96%	+0.14
META Meta Platforms Inc. Class A	Add +1.8%	0.86%	+0.14
QYLD Global X Nasd 100 Cov Call	Add +36.3%	0.63%	+0.13
ZDEK Inno Equ Def Pro ETF - 1 DE	Add +34.7%	0.58%	+0.12
DFUS Dimensional US Eq MKT ETF	Add +6.3%	1.70%	+0.12
XLK SS Technology Select Sector	Add +5.2%	0.68%	+0.10
TSLA Tesla Inc.	Add +15.3%	0.45%	+0.10
QQQ Invesco QQQ Trust Series 1	Add +1.7%	1.19%	+0.10
XYZ Block Inc.	New	0.10%	+0.10
APH Amphenol Corp. Class A	New	0.10%	+0.10
ORCL Oracle Corp.	New	0.10%	+0.10
ZJAN Innovator Edp ETF - 1Y Jan	New	0.10%	+0.10
IDEV iShares Core MSCI Dev MKTS	Add +53.2%	0.26%	+0.09
JEPQ JPM Nasdaq Equity Premium	New	0.09%	+0.09
TT Trane Technologies PLC	New	0.09%	+0.09
RDFI Rareview Dynamic Fixed Incom	Add +16.4%	1.31%	+0.08
INTU Intuit Inc.	New	0.08%	+0.08
BUFZ FT Vest Laddered Moderate Bu	New	0.08%	+0.08
VBR Vngrd Mrngst SL-CP Val ETF-U	New	0.08%	+0.08
SOXX iShares Semiconductor ETF	Add +9.0%	0.36%	+0.08
FDL First Trust Morn DVD Lead Inc.	New	0.08%	+0.08
VT Vanguard Tot World STK ETF	New	0.07%	+0.07
APP AppLovin Corp. Class A	New	0.07%	+0.07
BITO Proshares Bitcoin ETF-Usd	Add +70.0%	0.16%	+0.07
SLV iShares Silver Trust	Add +9.8%	1.23%	+0.07
VTV Vanguard Mrngstr Val ETF-Aui	Add +57.3%	0.22%	+0.07
ITA iShares U.S. Aerospace & Def	Add +2.9%	0.51%	+0.07
RBLX Roblox Corp. Class A	Add +3.9%	0.15%	+0.06
BA The Boeing Co.	Add +5.4%	0.39%	+0.06
WINN Harbor Long-Term Growers ETF	Add +20.3%	0.25%	+0.06
SPYM Ste STR SPDR PT S&P 500 ETF	Add +0.7%	3.84%	+0.06
SPY SS SPDR S&P 500 ETF Trust-US	Add +8.0%	0.64%	+0.05
FRTY Alger Mid Cap 40 ETF	Add +11.5%	0.27%	+0.05
F Ford Motor Co.	New	0.05%	+0.05
CGBL Cap Group Core Balanced	Add +18.2%	0.30%	+0.04
AMD Advanced Micro Devices	Add +12.9%	0.14%	+0.04
GOOG Alphabet Inc. Class C	Add +10.8%	0.32%	+0.04
ET Energy Transfer LP	Add +26.0%	0.38%	+0.04
IEMG iShares Core MSCI Emerging	Add +44.0%	0.12%	+0.04
GOOGL Alphabet Inc. Class A	Add +21.9%	0.18%	+0.04
XMMO Invesco S&P Midcap Momentum	Add +6.8%	0.41%	+0.04

Notes & Other Activity Q1 2025 → Q2 2025


WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	Add +1.6%	519	$610K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	337	$392.6M	CAT, SPYM, JPST, SPYG, QQQ
Q1 2026	295	$336.0M	CAT, SPYM, JPST, SPYG, SLV
Q4 2025	286	$326.7M	CAT, SPYG, SPYM, JPST, SPYV
Q3 2025	281	$310.5M	SPYG, CAT, SPYM, JPST, SPYV
Q2 2025	257	$274.2M	SPYG, SPYM, CAT, JPST, SPYV
Q1 2025	244	$250.1M	SPYM, SPYG, JPST, CAT, SPYV
Q4 2024	235	$245.9M	SPYG, SPYM, CAT, JPST, SPYV
Q3 2024	221	$225.6M	CAT, SPYG, JPST, SPYM, SPYV
Q2 2024	213	$214.3M	SPYG, CAT, SPYM, SPYV, JPST
Q1 2024Amended	221	$212.8M	CAT, SPYG, SPYM, SPYV, JPST