Independent Wealth Network Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), Independent Wealth Network Inc. reported 286 stock positions worth $326.7 million. Its top holding was Caterpillar (CAT) at 4.6% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 4.1%) and Ste STR SPDR PT S&P 500 ETF (SPYM, 3.7%). Compared with Q3 2025, it opened 23 new positions, sold out of 18, added to 155 and reduced 99. The biggest buy was iShares Silver Trust (SLV, shares +6%) and the biggest sale an exit from Innovator Ladd Allo Buff ETF (BUFB).

Most Recent 13F
Q2 2026
Location
URBANDALE, IA
CIK
0001891240
Portfolio Value
$326.7M (Q4 2025)
SEC Filing
0001891240-26-000001 ↗ filed Jan 26, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $212.8M Q1 2024 Q2 2024: $214.3M Q2 2024 Q3 2024: $225.6M Q3 2024 Q4 2024: $245.9M Q4 2024 Q1 2025: $250.1M Q1 2025 Q2 2025: $274.2M Q2 2025 Q3 2025: $310.5M Q3 2025 Q4 2025: $326.7M $326.7M Q4 2025 Q1 2026: $336.0M Q1 2026 Q2 2026: $392.6M Q2 2026

Holdings 286 stocks · $326.7M

CAT Caterpillar Inc. 4.58% 26,098 $15.0M Reduce -1.6%
SPYG SS SPDR P S&P 500 Growth ETF 4.06% 124,250 $13.3M Add +2.3%
SPYM Ste STR SPDR PT S&P 500 ETF 3.74% 152,138 $12.2M Add +1.9%
JPST JPMorgan Ultra-Short Income 3.07% 198,406 $10.0M Add +1.1%
SPYV SS SPDR P S&P 500 Value ETF 2.64% 152,032 $8.6M Add +3.0%
SLV iShares Silver Trust 2.17% 110,259 $7.1M Add +5.8%
ACWI iShares MSCI Acwi ETF 1.93% 44,595 $6.3M Add +5.9%
ILTB iShares Core 10+ Year Usd Bo 1.89% 124,108 $6.2M Add +9.2%
AAPL Apple Inc. 1.63% 19,607 $5.3M Add +0.1%
RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER 1.57% 214,225 $5.1M Add +13.3%
NVDA Nvidia Corp. 1.56% 27,322 $5.1M Reduce -0.1%
DFUS Dimensional US Eq MKT ETF 1.56% 68,521 $5.1M Add +1.2%
CVX Chevron Corp. 1.51% 32,376 $4.9M Add +1.4%
SPAB SS SPDR P Agg Bond ETF 1.49% 189,497 $4.9M Add +9.4%
MSFT Microsoft Corp. 1.45% 9,819 $4.7M Add +7.0%
SPYD SS SPDR P S&P 500 Hi Div ETF 1.27% 95,584 $4.1M Add +8.0%
VOO Vanguard S&P 500 ETF 1.26% 6,576 $4.1M Reduce -0.5%
QQQ Invesco QQQ Trust Series 1 1.22% 6,506 $4.0M Add +11.1%
GLD SPDR Gold Shares 1.21% 9,970 $4.0M Add +0.8%
FLRT Pacer Aristotle Pacific Floa 1.20% 83,382 $3.9M Reduce -1.4%
AMZN Amazon.com Inc. 1.07% 15,160 $3.5M Add +2.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.97% 6,528 $3.2M Add +5.9%
USRT iShares Core US REIT ETF 0.87% 50,155 $2.9M Add +4.8%
VYM Vanguard High DVD Yield ETF 0.83% 18,871 $2.7M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 0.81% 5,240 $2.6M Add +0.8%
STIP iShares 0-5 Year Tips Bond E 0.77% 24,484 $2.5M Add +8.6%
FJAN FT Vest U.S. Equity Buffer E 0.76% 47,747 $2.5M Reduce -4.2%
JEPI JPMorgan Equity Premium Inco 0.74% 42,463 $2.4M Reduce -0.2%
PLTR Palantir Technologies Inc. Class A 0.74% 13,540 $2.4M Reduce -3.6%
BIL SS SPDR BB 1-3M T-Bill ETF 0.71% 25,378 $2.3M Reduce -1.3%
PSFF Pacer Swan Sos Fund of Funds 0.71% 71,640 $2.3M Reduce -0.8%
FPE FT-Preferred Secur & Inc. ETF 0.68% 122,698 $2.2M Reduce -2.0%
LQTI FT Vest Invst GRD TRGT I ETF 0.68% 110,790 $2.2M Add +8.2%
FLOT iShares Floating Rate Bond E 0.68% 43,462 $2.2M Reduce -6.6%
META Meta Platforms Inc. Class A 0.65% 3,206 $2.1M Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.63% 3,038 $2.1M Add +7.0%
YYY Amplify Cef High Income ETF 0.63% 178,945 $2.1M Reduce -0.6%
QYLD Global X Nasd 100 Cov Call 0.61% 113,225 $2.0M Add +5.2%
V Visa Inc. Class A 0.61% 5,681 $2.0M Add +0.7%
XLK SS Technology Select Sector 0.60% 13,591 $2.0M Add +2.3%
JPUS JPMorgan Div Ret US Eq ETF 0.59% 15,514 $1.9M Add +7.0%
BND Vanguard Total Bond Market 0.56% 24,507 $1.8M Add +13.4%
GOOG Alphabet Inc. Class C 0.52% 5,373 $1.7M Reduce -1.8%
TSLA Tesla Inc. 0.51% 3,701 $1.7M Add +1.1%
BKLN Invesco Senior Loan ETF 0.51% 78,747 $1.7M Add +7.2%
ZDEK Inno Equ Def Pro ETF - 1 DE 0.50% 63,745 $1.6M Reduce -0.4%
XMMO Invesco S&P Midcap Momentum 0.49% 11,537 $1.6M Add +17.5%
BUFR FT Vest Lad Buffervetf-Usd I 0.49% 46,335 $1.6M Reduce -27.2%
XAWFX Alliancebernstein GL Hi Inc. 0.48% 148,030 $1.6M Add +0.3%
SNTH MRP Synthequity ETF 0.48% 56,931 $1.6M New
AGGY Wisdomtree Yield Enhanced US 0.47% 34,840 $1.5M Add +2.0%
BRK.A Berkshire Hathaway Inc. Class A 0.46% 2 $1.5M No change
ITA iShares U.S. Aerospace & Def 0.44% 6,677 $1.4M Add +2.0%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.44% 35,476 $1.4M Reduce -2.2%
IAU iShares Gold Trust 0.43% 17,207 $1.4M Reduce -5.7%
QQQM Invesco Nasdaq 100 ETF 0.43% 5,494 $1.4M Add +0.0%
SOXX iShares Semiconductor ETF 0.42% 4,584 $1.4M Add +3.8%
DLN Wisdomtree US Largecap Divid 0.42% 15,601 $1.4M Add +0.1%
SECT Main Sector Rotation ETF 0.41% 21,002 $1.4M Add +0.6%
XEMD Bondbloxx-JPM Usd Em MK 1-10 0.41% 30,242 $1.3M Add +197.0%
KYN Kayne Anderson Energy Infra 0.41% 108,623 $1.3M Add +3.5%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.40% 4,313 $1.3M Add +1.0%
SHY iShares 1-3 Year Treasury Bo 0.39% 15,546 $1.3M Reduce -0.4%
PGX Invesco Preferred ETF 0.39% 112,683 $1.3M Reduce -0.2%
SGOV iShares 0-3 Month Treasury B 0.38% 12,522 $1.3M Reduce -25.6%
GOOGL Alphabet Inc. Class A 0.38% 4,013 $1.3M Add +1.0%
XLE SS Energy Select Sector 0.37% 27,329 $1.2M Add +0.3%
KR Kroger Co. 0.37% 19,549 $1.2M Add +32.7%
DVY iShares Select Dividend ETF 0.36% 8,293 $1.2M Reduce -0.1%
IVV iShares Core S&P 500 ETF 0.35% 1,691 $1.2M Add +9.0%
BA The Boeing Co. 0.35% 5,233 $1.1M Add +3.0%
LGLV SPDR US LC Low Vol Idx 0.34% 6,415 $1.1M Reduce -0.4%
VCIT Vanguard Int-Term Corporate 0.34% 13,447 $1.1M Reduce -0.4%
EFA iShares MSCI Eafe ETF 0.33% 11,381 $1.1M Add +3.5%
XOM Exxon Mobil Corp. 0.33% 9,005 $1.1M Add +2.2%
ARCC Ares Capital Corp. 0.33% 53,241 $1.1M Add +5.3%
VIG Vanguard Dividend Apprec ETF 0.33% 4,834 $1.1M Reduce -2.5%
CLX Clorox Company 0.32% 10,251 $1.0M Add +89.0%
JCPB JPMorgan Core Plus Bond ETF 0.32% 21,779 $1.0M Add +11.5%
MSI Motorola Solutions Inc. 0.32% 2,690 $1.0M Add +0.6%
VNQ Vanguard Real Estate ETF 0.32% 11,646 $1.0M Reduce -3.4%
WINN Harbor Long-Term Growers ETF 0.31% 32,688 $1.0M Add +9.3%
HACK Amplify Cybersecurity ETF 0.31% 12,534 $1.0M Add +3.6%
JSML Janus Hender SM Cap GRW Alph 0.31% 13,647 $1.0M Add +1.3%
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED 0.30% 28,065 $992K Reduce -1.9%
MO Altria Group Inc. 0.30% 17,075 $985K Reduce -6.3%
VTIP Vanguard Short-Term Tips 0.29% 19,298 $954K Add +1.6%
AGG iShares Core U.S. Aggregate 0.29% 9,490 $948K Add +29.4%
ET Energy Transfer LP 0.29% 56,873 $938K Reduce -3.4%
CME Cme Group Inc. 0.28% 3,387 $925K Add +26.1%
IDEV iShares Core MSCI Dev MKTS 0.28% 11,198 $924K Add +16.5%
COST Costco Wholesale Corp. 0.28% 1,062 $916K Add +1.7%
FYC First Trust Small Cap Growth 0.27% 9,342 $898K Add +0.7%
SPEM State Street SP PTF Em ETF 0.27% 19,146 $896K Add +8.2%
FEX First Trust Large Cap Core A 0.27% 7,530 $893K Add +9.3%
MINT PIMCO Enhanced Short Maturit 0.27% 8,852 $888K Add +3.1%
IDV iShares International Select 0.27% 22,108 $872K Add +4.3%
GCOW Pacer Global Cash Cows Divid 0.26% 20,974 $865K Reduce -8.5%
SCHG Schwab US Large-Cap Growth 0.26% 26,483 $864K Add +2.0%
CASY Casey's General Stores Inc. 0.26% 1,560 $862K Add +2.2%
HON Honeywell International Inc. 0.26% 4,309 $841K Add +2.9%
FDVV Fidelity High Dividend ETF 0.25% 14,374 $815K Add +20.5%
AAXJ iShares MSCI All Country Asi 0.25% 8,625 $803K Add +0.5%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F 0.25% 11,767 $802K Add +9.4%
SPTM SS SPDR P S&P 1500 Comp ETF 0.24% 9,599 $792K Add +0.3%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.24% 2,761 $771K Reduce -0.9%
EWA iShares MSCI Australia ETF 0.24% 29,400 $770K Add +1.7%
HSY The Hershey Co. 0.23% 4,158 $757K Add +1.8%
KSS Kohls Corp. 0.23% 36,953 $754K Add +2.6%
JNJ Johnson & Johnson 0.23% 3,620 $749K Reduce -2.8%
USHY iShares Broad Usd High Yield 0.23% 19,906 $744K Reduce -4.3%
AVGO Broadcom Inc. 0.23% 2,150 $744K Reduce -10.8%
PKG Packaging Corp. of America 0.21% 3,365 $694K Add +7.8%
SDVY First Trust Smid Cap Rising 0.21% 17,997 $690K Reduce -11.2%
FTCS First Trust Capital Strength 0.21% 7,355 $680K Add +3.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.21% 3,558 $679K Add +8.4%
VEA Vanguard Ftse Developed ETF 0.21% 10,792 $674K Reduce -7.5%
IWM iShares Russell 2000 ETF 0.21% 2,737 $674K Add +9.3%
RTRE Rareview Total Return BD ETF filed as COLLABORATIVE INVESTMNT SER 0.21% 26,666 $673K Add +12.4%
SCHV Schwab US Large-Cap Value 0.20% 22,510 $667K Add +14.3%
IVE iShares S&P 500 Value ETF 0.20% 3,137 $665K Add +8.1%
PKW Invesco Buyback Achievers Et 0.20% 4,908 $659K Reduce -1.3%
RPV Invesco S&P 500 Pure Value E 0.20% 6,309 $652K Reduce -0.9%
LAC Lithium Americas Corp. 0.20% 149,466 $652K Reduce -9.8%
TFI SS SPDR N Ice Muni Bond ETF 0.20% 14,231 $651K Add +5.1%
ICVT iShares Convertible Bond ETF 0.20% 6,559 $646K Reduce -8.6%
AMD Advanced Micro Devices 0.20% 3,003 $643K Reduce -1.4%
NFLX Netflix Inc. 0.19% 6,788 $636K Add +32.8%
DFAX Dimensional World Ex US Core 0.19% 19,310 $632K No change
JPIE JPMorgan Income ETF 0.19% 13,561 $628K Reduce -2.1%
AIRR First Trust Rba American Ind 0.19% 6,191 $609K Add +10.4%
IGLD FT Vest Gold Strategy Target 0.17% 22,341 $559K Reduce -3.7%
IJK iShares S&P Mid-Cap 400 Grow 0.17% 5,757 $558K Reduce -1.4%
CSCO Cisco Systems Inc. 0.17% 7,232 $557K Add +4.3%
HDV iShares Core High Dividend E 0.17% 4,554 $554K Add +1.4%
WMT Walmart Inc. 0.17% 4,958 $552K Reduce -17.2%
RDVY First Trust Rising Dividend 0.17% 7,923 $550K Add +8.0%
IVW iShares S&P 500 Growth ETF 0.17% 4,455 $549K Add +33.3%
FRTY Alger Mid Cap 40 ETF 0.16% 25,573 $538K Reduce -2.2%
LLY Eli Lilly & Co. 0.16% 499 $536K Add +3.7%
SHW The Sherwin-Williams Co. 0.16% 1,635 $530K Add +2.2%
ABBV Abbvie Inc. 0.16% 2,307 $527K Add +4.2%
T AT&T Inc. 0.16% 21,036 $523K Add +7.6%
AFL Aflac Inc. 0.16% 4,719 $520K Reduce -5.4%
FTHI Fthi/First Trust Exchange-TR 0.16% 21,520 $508K Reduce -6.3%
JPM JPMorgan Chase & Co. 0.15% 1,549 $499K Reduce -5.5%
IEMG iShares Core MSCI Emerging 0.15% 7,390 $497K Add +32.6%
FYX First Trust Small Cap Core A 0.15% 4,380 $496K Reduce -3.6%
ZECP Zacks Earnings Consistent Po 0.15% 14,239 $495K New
GLOF iShares Global Equity Factor 0.15% 9,250 $488K Reduce -1.0%
VGT Vanguard Info Tech ETF 0.15% 646 $487K Add +5.0%
TLT iShares 20+ Year Treasury BD 0.15% 5,562 $485K Reduce -0.4%
FTA First Trust L C Val Alp 0.15% 5,627 $485K Add +0.2%
CNRG SS SPDR S&P Kensho CLP ETF 0.15% 5,411 $484K Add +0.0%
BCX BlackRock Resources & Commod 0.15% 43,735 $480K Add +9.0%
VDE Vanguard Energy ETF 0.15% 3,796 $478K Reduce -1.0%
BUXX Strive Enhanced Income Short 0.15% 23,530 $476K Add +9.6%
FNX First Trust Mid Cap Core Alp 0.15% 3,780 $476K Reduce -1.3%
NYF iShares New York Muni Bond E 0.15% 8,865 $474K Add +19.4%
VZ Verizon Communications Inc. 0.15% 11,640 $474K Reduce -0.2%
BITO Proshares Bitcoin ETF-Usd 0.14% 38,738 $471K Add +40.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.14% 8,040 $467K Reduce -5.7%
SCHO Schwab Short-Term US Treas 0.14% 19,162 $467K Add +2.0%
HYLS FT Tactical High Yield ETF 0.14% 10,932 $458K Add +0.2%
FTEC Fidelity MSCI Info Tech Indx 0.14% 1,999 $449K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.14% 4,012 $442K Add +5.4%
MA Mastercard Inc. Class A 0.13% 772 $441K Add +2.8%
SPMD SS SPDR P S&P 400 Midcap ETF 0.13% 7,409 $429K Add +0.9%
PG The Procter & Gamble Co. 0.13% 2,982 $427K Add +3.8%
USFR Wisdomtree Floating Rate Tre 0.13% 8,378 $422K No change
RDVI FT Vest Rising Dividend Achi 0.13% 15,996 $420K Reduce -5.1%
PSR Invesco Active US Real Estat 0.13% 4,598 $415K Add +12.5%
TSM Taiwan Semiconductor-SP ADR 0.13% 1,358 $413K Reduce -12.6%
SPSM SS SPDR P S&P 600 Small Cap 0.12% 8,699 $408K Add +1.1%
MU Micron Technology Inc. 0.12% 1,419 $405K Add +0.6%
IJR iShares Core S&P Small-Cap E 0.12% 3,363 $404K Reduce -1.3%
FLTR Vaneck Ig Floating Rate ETF 0.12% 15,761 $402K Reduce -19.9%
MRK Merck & Co. Inc. 0.12% 3,784 $398K Reduce -0.9%
HD Home Depot Inc. 0.12% 1,144 $394K Reduce -16.5%
QCOM Qualcomm Inc. 0.12% 2,263 $387K Add +5.9%
MCN Xai Madison Equity Premium I 0.12% 63,039 $378K Add +6.6%
ARKK ARK Innovation ETF 0.12% 4,908 $378K Reduce -5.8%
APH Amphenol Corp. Class A 0.12% 2,792 $377K Add +13.7%
CEF Sprott Physical Gold and Sil 0.12% 8,217 $376K Reduce -20.9%
UHT Universal Health RLTY Income 0.11% 9,400 $369K New
INTC Intel Corp. 0.11% 9,985 $368K Add +20.8%
ATO Atmos Energy Corp. 0.11% 2,170 $364K Add +0.6%
HFXI Nylim Ftse Intr Eq CN ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET 0.11% 11,197 $363K Add +5.8%
MUB iShares National Muni Bond E 0.11% 3,356 $359K Add +11.7%
UEC Uranium Energy Corp. 0.11% 30,514 $356K Add +2.0%
VWO Vanguard Ftse Emerging Marke 0.11% 6,548 $352K Reduce -2.0%
DE Deere & Co. 0.11% 751 $350K Reduce -1.2%
BABA Alibaba Group Holding-SP ADR 0.10% 2,242 $329K Reduce -3.1%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.10% 7,020 $327K Add +42.9%
DVN Devon Energy Corp. 0.10% 8,881 $325K Add +1.3%
USMV iShares MSCI USA Min Vol Fac 0.10% 3,444 $324K Add +2.7%
AMLP Alerian MLP ETF 0.10% 6,844 $322K Add +0.3%
FSCO FS Credit Opportunities Corp. 0.10% 50,704 $319K Reduce -2.3%
ABT Abbott Laboratories 0.10% 2,491 $312K Add +2.2%
FSK FS KKR Capital Corp. 0.10% 20,966 $311K Add +13.2%
FV First Trust DW Focus 5 Fund 0.09% 4,893 $308K Reduce -4.2%
SGOL Abrdn Physical Gold Shares 0.09% 7,457 $306K No change
SPGI S&P Global Inc. 0.09% 578 $302K Reduce -0.3%
BNDX Vanguard Total Intl Bond ETF 0.09% 6,242 $302K Add +12.9%
FFEB FT Vest US Equity Buffer ETF 0.09% 5,273 $299K Reduce -2.8%
VTEB Vanguard Tax-Exempt Bond ETF 0.09% 5,931 $298K Reduce -20.9%
ZOCT Inr Eqty Def P ETF - 1 Y Oc 0.09% 10,969 $294K Reduce -1.4%
CTVA Corteva Inc. 0.09% 4,302 $288K Add +9.6%
JGH Nuveen Global High Income 0.09% 22,596 $285K Add +6.8%
PEP Pepsico Inc. 0.09% 1,982 $285K Reduce -0.3%
WEC WEC Energy Group Inc. 0.09% 2,697 $284K Add +5.1%
FTSM First Trust Enh Short Mat FD 0.09% 4,729 $283K Reduce -17.3%
MEDP Medpace Holdings Inc. 0.09% 504 $283K New
VGSH Vanguard Short-Term Treasury 0.09% 4,768 $280K New
RIVN Rivian Automotive Inc. Class A 0.09% 14,205 $280K Add +1.8%
TMUS T-Mobile US Inc. 0.08% 1,366 $277K Add +12.3%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.08% 3,414 $275K Add +3.2%
NKE Nike Inc. Class B 0.08% 4,298 $274K New
PM Philip Morris International 0.08% 1,685 $270K Reduce -4.2%
AVUS Avantis U.S. Equity ETF 0.08% 2,388 $267K New
WFC Wells Fargo & Co. 0.08% 2,858 $266K Add +0.2%
ZJAN Innovator Edp ETF - 1Y Jan 0.08% 9,694 $265K Reduce -0.5%
APP AppLovin Corp. Class A 0.08% 392 $264K Reduce -24.6%
GPN Global Payments Inc. 0.08% 3,400 $263K Reduce -3.1%
SMH Vaneck Semiconductor ETF 0.08% 730 $263K Add +13.2%
MCD McDonald's Corp. 0.08% 859 $263K Add +8.6%
KO The Coca-Cola Co. 0.08% 3,731 $261K Reduce -6.3%
SYK Stryker Corp. 0.08% 740 $260K Reduce -2.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.08% 1,171 $248K Add +6.7%
KLAC KLA Corp. 0.07% 201 $245K New
SHYG iShares 0-5 YR HY Corp. Bond 0.07% 5,685 $244K New
ENB Enbridge Inc. 0.07% 5,078 $243K Reduce -3.2%
PTLC Pacer Trendpilot US Large Ca 0.07% 4,355 $242K Reduce -0.8%
TSCO Tractor Supply Company 0.07% 4,808 $240K Add +5.5%
ADBE Adobe Inc. 0.07% 680 $238K Add +2.9%
AMAT Applied Materials Inc. 0.07% 924 $237K New
UBER Uber Technologies Inc. 0.07% 2,904 $237K Add +2.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.07% 915 $237K New
XYZ Block Inc. 0.07% 3,626 $236K Add +0.3%
ORCL Oracle Corp. 0.07% 1,208 $235K Reduce -8.9%
VAW Vanguard Materials ETF 0.07% 1,112 $231K Add +1.4%
WTBA West Bancorporation 0.07% 10,353 $230K Add +4.3%
VT Vanguard Tot World STK ETF 0.07% 1,628 $230K Add +3.3%
FIIG FT Intermed Dur Ig Corp. ETF 0.07% 10,763 $228K Reduce -17.4%
NDAQ Nasdaq Inc. 0.07% 2,347 $228K New
SEIV Sei Qim US Large Cap Value A filed as SEI EXCHANGE TRADED FUNDS 0.07% 5,452 $226K New
SEIM Sei Qim US Large Cap Momentu filed as SEI EXCHANGE TRADED FUNDS 0.07% 4,857 $224K New
BUFZ FT Vest Laddered Moderate Bu 0.07% 8,412 $223K Reduce -5.3%
SNA Snap-on Inc. 0.07% 646 $223K Reduce -0.3%
SPHY SS SPDR P High Yield ETF 0.07% 9,310 $220K Add +7.7%
ACWV iShares MSCI Global Min Vol 0.07% 1,850 $220K Reduce -3.2%
QUIZ Zacks QLTY Inter'l Fund 0.07% 8,188 $217K New
SPDW Ste STR SPDR PT DW Eu ETF 0.07% 4,838 $215K Add +1.0%
RSG Republic Services Inc. 0.07% 1,012 $215K Add +6.3%
TDIV FT Nasdaq Tech DVD Index FD 0.07% 2,206 $214K Add +4.2%
ROM Proshares Ultra Technology 0.07% 2,257 $213K No change
XLG Invesco S&P 500 Top 50 ETF 0.07% 3,587 $213K New
GD General Dynamics Corp. 0.07% 631 $212K Add +3.8%
MEAR Ishrs Short Mat Muni Act ETF 0.06% 4,211 $212K Add +1.0%
PANW Palo Alto Networks Inc. 0.06% 1,147 $211K Reduce -25.6%
RTX RTX Corp. 0.06% 1,151 $211K New
PSX Phillips 66 0.06% 1,635 $211K Reduce -0.8%
TRI Thomson Reuters Corp. 0.06% 1,597 $211K New
SCHX Schwab US Large-Cap ETF 0.06% 7,820 $210K Reduce -3.3%
FTRI First Trust Indxx Global Nat 0.06% 13,299 $208K Reduce -3.3%
TT Trane Technologies PLC 0.06% 535 $208K No change
BCS Barclays PLC-Spons ADR 0.06% 8,158 $208K New
BR Broadridge Financial Solutio 0.06% 928 $207K Add +5.8%
MMM 3M Co. 0.06% 1,287 $206K Reduce -2.3%
PFG Principal Financial Group 0.06% 2,310 $204K New
INTU Intuit Inc. 0.06% 306 $203K New
SPHD Invesco S&P 500 High Dividen 0.06% 4,222 $203K Add +1.1%
KNG FT Vest S&P 500 DVD Arst TRG 0.06% 4,105 $202K New
ITW Illinois Tool Works 0.06% 818 $202K Add +5.1%
MDLZ Mondelez International Inc. Class A 0.06% 3,728 $201K Reduce -0.8%
TOST Toast Inc. Class A 0.06% 5,642 $200K Add +1.8%
FSSL FS Specialty Lending Fund 0.05% 11,944 $169K New
JRS Nuveen Real Estate Income 0.05% 21,607 $166K Add +0.1%
BGS B&G Foods Inc. 0.05% 35,492 $153K Reduce -4.0%
YMAX Yieldmax Universe Fo in Etfs 0.04% 14,311 $143K Add +13.2%
GRNT Granite Ridge Resources Inc. 0.04% 29,426 $138K Add +4.4%
F Ford Motor Co. filed as FORD MTR CO 0.04% 10,240 $134K Reduce -11.9%
DNP DNP Select Income Fund Inc. 0.03% 11,420 $114K Reduce -0.9%
BTG B2GOLD Corp. 0.01% 10,000 $45K No change
NAK Northern Dynasty Minerals 0.01% 15,670 $31K Reduce -0.4%
AKBA Akebia Therapeutics Inc. 0.01% 13,003 $21K No change

Options reported separately and not counted above: INTC calls ($1K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $648K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 535$648KAdd +1.5%

Total filed on the 13F, all lines: $327.4M.

Portfolio Sells Q3 2025 → Q4 2025

BUFB Innovator Ladd Allo Buff ETF Sold out 0.00% −0.25
BUFR FT Vest Lad Buffervetf-Usd I Reduce -27.2% 0.49% −0.20
CRM Salesforce Inc. Sold out 0.00% −0.19
SGOV iShares 0-3 Month Treasury B Reduce -25.6% 0.38% −0.16
XCCC Bondbloxx-CCC-Usd HY Corp. BD Sold out 0.00% −0.15
PCMM BBLX Private Credit Clo ETF Sold out 0.00% −0.15
META Meta Platforms Inc. Class A Reduce -0.8% 0.65% −0.12
LAC Lithium Americas Corp. Reduce -9.8% 0.20% −0.11
JMHI JPMorgan High Yield Municpl Sold out 0.00% −0.10
CTRA Coterra Energy Inc. Sold out 0.00% −0.10
RBLX Roblox Corp. Class A Sold out 0.00% −0.10
FLOT iShares Floating Rate Bond E Reduce -6.6% 0.68% −0.09
PLTR Palantir Technologies Inc. Class A Reduce -3.6% 0.74% −0.09
FLRT Pacer Aristotle Pacific Floa Reduce -1.4% 1.20% −0.09
MO Altria Group Inc. Reduce -6.3% 0.30% −0.09
FAST Fastenal Co. Sold out 0.00% −0.08
NVDA Nvidia Corp. Reduce -0.1% 1.56% −0.08
COWZ Pacer US Cash Cows 100 ETF Sold out 0.00% −0.08
FDL First Trust Morn DVD Lead Inc. Sold out 0.00% −0.07
TXN Texas Instruments Inc. Sold out 0.00% −0.07
ADP Automatic Data Processing Sold out 0.00% −0.07
BWXT BWX Technologies Inc. Sold out 0.00% −0.07
CTAS Cintas Corp. Sold out 0.00% −0.07
IBM Intl Business Machines Corp. Sold out 0.00% −0.07
HD Home Depot Inc. Reduce -16.5% 0.12% −0.06
YYY Amplify Cef High Income ETF Reduce -0.6% 0.63% −0.05
FPE FT-Preferred Secur & Inc. ETF Reduce -2.0% 0.68% −0.05
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -1.3% 0.71% −0.05
TIDAL TRUST II Sold out 0.00% −0.05
FJAN FT Vest U.S. Equity Buffer E Reduce -4.2% 0.76% −0.05
ORCL Oracle Corp. Reduce -8.9% 0.07% −0.05
XFOFX Cohen & Steers Closed-End Op Sold out 0.00% −0.04
VOO Vanguard S&P 500 ETF Reduce -0.5% 1.26% −0.04
APP AppLovin Corp. Class A Reduce -24.6% 0.08% −0.04
VNQ Vanguard Real Estate ETF Reduce -3.4% 0.32% −0.04
FLTR Vaneck Ig Floating Rate ETF Reduce -19.9% 0.12% −0.04
JEPI JPMorgan Equity Premium Inco Reduce -0.2% 0.74% −0.04
ET Energy Transfer LP Reduce -3.4% 0.29% −0.04
SDVY First Trust Smid Cap Rising Reduce -11.2% 0.21% −0.04
PANW Palo Alto Networks Inc. Reduce -25.6% 0.06% −0.04
PGX Invesco Preferred ETF Reduce -0.2% 0.39% −0.03
ICVT iShares Convertible Bond ETF Reduce -8.6% 0.20% −0.03
VYM Vanguard High DVD Yield ETF Reduce -0.7% 0.83% −0.03
BABA Alibaba Group Holding-SP ADR Reduce -3.1% 0.10% −0.03
WMT Walmart Inc. Reduce -17.2% 0.17% −0.03
VTEB Vanguard Tax-Exempt Bond ETF Reduce -20.9% 0.09% −0.03
ARKK ARK Innovation ETF Reduce -5.8% 0.12% −0.03
AVGO Broadcom Inc. Reduce -10.8% 0.23% −0.03
GCOW Pacer Global Cash Cows Divid Reduce -8.5% 0.26% −0.03
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -0.9% 0.24% −0.03

Portfolio Buys Q3 2025 → Q4 2025

SLV iShares Silver Trust Add +5.8% 2.17% +0.75
SNTH MRP Synthequity ETF New 0.48% +0.48
XEMD Bondbloxx-JPM Usd Em MK 1-10 Add +197.0% 0.41% +0.27
ZECP Zacks Earnings Consistent Po New 0.15% +0.15
UHT Universal Health RLTY Income New 0.11% +0.11
CLX Clorox Company Add +89.0% 0.32% +0.10
QQQ Invesco QQQ Trust Series 1 Add +11.1% 1.22% +0.09
RDFI Rareview Dynamic Fixed Incom Add +13.3% 1.57% +0.09
MEDP Medpace Holdings Inc. New 0.09% +0.09
VGSH Vanguard Short-Term Treasury New 0.09% +0.09
NKE Nike Inc. Class B New 0.08% +0.08
AVUS Avantis U.S. Equity ETF New 0.08% +0.08
GLD SPDR Gold Shares Add +0.8% 1.21% +0.08
KLAC KLA Corp. New 0.07% +0.07
SHYG iShares 0-5 YR HY Corp. Bond New 0.07% +0.07
GOOGL Alphabet Inc. Class A Add +1.0% 0.38% +0.07
AMAT Applied Materials Inc. New 0.07% +0.07
AJG Arthur J Gallagher & Co. New 0.07% +0.07
NDAQ Nasdaq Inc. New 0.07% +0.07
SEIV Sei Qim US Large Cap Value A New 0.07% +0.07
SEIM Sei Qim US Large Cap Momentu New 0.07% +0.07
QUIZ Zacks QLTY Inter'l Fund New 0.07% +0.07
XLG Invesco S&P 500 Top 50 ETF New 0.07% +0.07
RTX RTX Corp. New 0.06% +0.06
TRI Thomson Reuters Corp. New 0.06% +0.06
BCS Barclays PLC-Spons ADR New 0.06% +0.06
PFG Principal Financial Group New 0.06% +0.06
INTU Intuit Inc. New 0.06% +0.06
KNG FT Vest S&P 500 DVD Arst TRG New 0.06% +0.06
XMMO Invesco S&P Midcap Momentum Add +17.5% 0.49% +0.06
ACWI iShares MSCI Acwi ETF Add +5.9% 1.93% +0.06
KR Kroger Co. Add +32.7% 0.37% +0.05
AGG iShares Core U.S. Aggregate Add +29.4% 0.29% +0.05
KSS Kohls Corp. Add +2.6% 0.23% +0.05
FSSL FS Specialty Lending Fund New 0.05% +0.05
SPAB SS SPDR P Agg Bond ETF Add +9.4% 1.49% +0.05
CME Cme Group Inc. Add +26.1% 0.28% +0.05
MU Micron Technology Inc. Add +0.6% 0.12% +0.05
LLY Eli Lilly & Co. Add +3.7% 0.16% +0.05
ILTB iShares Core 10+ Year Usd Bo Add +9.2% 1.89% +0.04
IVW iShares S&P 500 Growth ETF Add +33.3% 0.17% +0.04
BND Vanguard Total Bond Market Add +13.4% 0.56% +0.04
SOXX iShares Semiconductor ETF Add +3.8% 0.42% +0.04
FDVV Fidelity High Dividend ETF Add +20.5% 0.25% +0.04
IDEV iShares Core MSCI Dev MKTS Add +16.5% 0.28% +0.03
IEMG iShares Core MSCI Emerging Add +32.6% 0.15% +0.03
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +42.9% 0.10% +0.03
AAPL Apple Inc. Add +0.1% 1.63% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +7.0% 0.63% +0.02
INTC Intel Corp. Add +20.8% 0.11% +0.02

Notes & Other Activity Q3 2025 → Q4 2025

WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +1.5% 535 $648K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 337$392.6MCAT, SPYM, JPST, SPYG, QQQ
Q1 2026 295$336.0MCAT, SPYM, JPST, SPYG, SLV
Q4 2025 286$326.7MCAT, SPYG, SPYM, JPST, SPYV
Q3 2025 281$310.5MSPYG, CAT, SPYM, JPST, SPYV
Q2 2025 257$274.2MSPYG, SPYM, CAT, JPST, SPYV
Q1 2025 244$250.1MSPYM, SPYG, JPST, CAT, SPYV
Q4 2024 235$245.9MSPYG, SPYM, CAT, JPST, SPYV
Q3 2024 221$225.6MCAT, SPYG, JPST, SPYM, SPYV
Q2 2024 213$214.3MSPYG, CAT, SPYM, SPYV, JPST
Q1 2024Amended 221$212.8MCAT, SPYG, SPYM, SPYV, JPST