Innovative Advisory Group, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed September 23, 2026), Innovative Advisory Group, LLC reported 240 stock positions worth $152.3 million. Its top holding was SPDR Gold Shares (GLD) at 18.4% of the portfolio, followed by Alpha Architect 1-3 MNTH Box (BOXX, 15.3%) and iShares Silver Trust (SLV, 10.4%). Compared with Q3 2025, it opened 14 new positions, sold out of 22, added to 23 and reduced 47. The biggest buy was iShares Silver Trust (SLV, shares +5%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- LEXINGTON, MA
- CIK
- 0002156202
- Portfolio Value
- $152.3M (Q4 2025)
- SEC Filing
- 0001754960-26-000810 ↗ filed Sep 23, 2026
Holdings Value
Holdings 240 stocks · $152.3M
| GLD SPDR Gold Shares | 18.42% | 70,785 | $28.1M | Add +4.3% |
| BOXX Alpha Architect 1-3 MNTH Box | 15.29% | 202,414 | $23.3M | Reduce -13.8% |
| SLV iShares Silver Trust | 10.44% | 246,933 | $15.9M | Add +4.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 7.45% | 124,160 | $11.3M | Reduce -46.9% |
| BITB Bitwise Bitcoin ETF | 6.84% | 218,998 | $10.4M | Add +17.0% |
| AAPL Apple Inc. | 6.72% | 37,647 | $10.2M | Reduce -0.3% |
| GDX Vaneck Gold Miners ETF | 4.30% | 76,436 | $6.6M | Add +2.6% |
| GDXJ Vaneck Junior Gold Miners | 3.39% | 45,361 | $5.2M | Add +25.5% |
| KNSL Kinsale Capital Group Inc. | 3.05% | 11,872 | $4.6M | Add +219.7% |
| ETHW Bitwise Ethereum ETF | 2.92% | 209,071 | $4.4M | Add +19.3% |
| GBTC Grayscale Bitcoin Trust ETF | 2.35% | 52,365 | $3.6M | Reduce -1.7% |
| FBTC Fidelity Wise Origin Bitcoin | 1.80% | 35,929 | $2.7M | Reduce -1.6% |
| URA Global X Uranium ETF | 1.77% | 63,019 | $2.7M | Add +166.4% |
| XBI SS SPDR S&P Biotech ETF | 1.74% | 21,787 | $2.7M | New |
| SIL Global X Silver Miners ETF | 1.37% | 24,908 | $2.1M | Add +24.5% |
| ETHE Grayscale Ethereum Staking E | 1.01% | 63,221 | $1.5M | Reduce -3.9% |
| SFLR Innovator Eqty MGD Floor ETF | 0.93% | 38,242 | $1.4M | Reduce -3.5% |
| ILF iShares Latin America 40 ETF | 0.85% | 42,347 | $1.3M | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.82% | 21,374 | $1.2M | Add +9.9% |
| XLE SS Energy Select Sector | 0.64% | 21,946 | $981K | Reduce -3.0% |
| BTC Grayscale Bitcoin Mini ETF | 0.64% | 25,193 | $976K | Add +15.7% |
| ETH Grayscale Ethereum Staking M | 0.62% | 33,440 | $938K | Add +2.1% |
| TSLA Tesla Inc. | 0.61% | 2,064 | $928K | No change |
| JEPI JPMorgan Equity Premium Inco | 0.46% | 12,201 | $698K | Reduce -0.6% |
| REMX Vaneck Rar Earth ND STG-Usdi | 0.45% | 9,195 | $680K | Add +15.0% |
| OZ Belpointe Prep LLC Class A | 0.41% | 9,497 | $618K | No change |
| PHYS Sprott Physical Gold Trust | 0.22% | 10,149 | $335K | No change |
| IAK iShares U.S. Insurance ETF | 0.22% | 2,429 | $331K | Reduce -2.4% |
| MSFT Microsoft Corp. | 0.19% | 614 | $297K | No change |
| AXP American Express Co. | 0.19% | 782 | $289K | Add +0.3% |
| MSTR Strategy Inc. | 0.16% | 1,646 | $250K | Add +9.2% |
| COIN Coinbase Global Inc. Class A | 0.16% | 1,066 | $241K | Reduce -26.2% |
| ETR Entergy Corp. | 0.15% | 2,508 | $232K | No change |
| BLOK Amplify Blockchain Tech ETF | 0.13% | 3,536 | $201K | Reduce -3.3% |
| XOM Exxon Mobil Corp. | 0.12% | 1,478 | $178K | Add +2.4% |
| PLTR Palantir Technologies Inc. Class A | 0.12% | 1,000 | $178K | No change |
| GOOG Alphabet Inc. Class C | 0.11% | 540 | $169K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.11% | 248 | $169K | Reduce -28.9% |
| AMZN Amazon.com Inc. | 0.11% | 731 | $169K | Reduce -3.3% |
| LIT Global X Lithium & Battery T | 0.10% | 2,418 | $157K | Reduce -36.2% |
| BITQ Bitwise Crypto Indu Inno ETF | 0.10% | 7,780 | $155K | New |
| BITW Bitwise 10 Crypto Index ETF | 0.10% | 2,500 | $147K | New |
| FNV Franco-Nevada Corp. | 0.10% | 700 | $145K | Reduce -27.5% |
| DBA Invesco DB Agriculture Fund | 0.09% | 5,123 | $131K | Reduce -89.0% |
| STT State Street Corp. | 0.08% | 956 | $123K | Reduce -23.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 190 | $117K | No change |
| PSLV Sprott Physical Silver Trust | 0.06% | 3,900 | $92K | Reduce -71.9% |
| QS Quantumscape Corp. | 0.06% | 8,749 | $91K | Add +3.5% |
| IBIT iShares Bitcoin Trust ETF | 0.06% | 1,835 | $91K | Reduce -1.0% |
| XYZ Block Inc. | 0.06% | 1,394 | $91K | No change |
| URNM Sprott Uranium Miners ETF | 0.06% | 1,595 | $88K | Reduce -34.4% |
| HSY The Hershey Co. | 0.06% | 464 | $84K | Reduce -2.3% |
| ROM Proshares Ultra Technology | 0.05% | 800 | $75K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.05% | 441 | $75K | Reduce -31.7% |
| ATEC Alphatec Holdings Inc. | 0.05% | 3,500 | $74K | No change |
| PHO Invesco Water Resources ETF | 0.05% | 997 | $70K | Reduce -73.0% |
| C Citigroup Inc. | 0.05% | 600 | $70K | No change |
| PG The Procter & Gamble Co. | 0.04% | 477 | $68K | No change |
| JPM JPMorgan Chase & Co. | 0.04% | 210 | $68K | No change |
| GOOGL Alphabet Inc. Class A | 0.04% | 213 | $67K | No change |
| MDY State Street SPDR S&P Midcap | 0.04% | 110 | $66K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 129 | $65K | No change |
| PAAS Pan American Silver Corp. | 0.04% | 1,236 | $64K | Reduce -30.6% |
| CAT Caterpillar Inc. | 0.04% | 110 | $63K | No change |
| GDLC Grayscale Coindesk 5 ETF | 0.04% | 1,480 | $61K | Add +722.2% |
| NEM Newmont Corp. | 0.04% | 544 | $54K | Reduce -21.6% |
| VZ Verizon Communications Inc. | 0.03% | 1,188 | $48K | Add +0.2% |
| ABT Abbott Laboratories | 0.03% | 375 | $47K | No change |
| B Barrick Mining Corp. | 0.03% | 1,045 | $46K | Reduce -30.3% |
| NFLX Netflix Inc. | 0.03% | 470 | $44K | Add +74.1% |
| GLNK Grayscale Chainlink Trust Et | 0.03% | 4,041 | $44K | New |
| UFOX Defiance Space and Connectiv | 0.03% | 680 | $43K | Reduce -12.8% |
| FSM Fortuna Mining Corp. | 0.03% | 3,996 | $39K | Reduce -39.4% |
| NVDA Nvidia Corp. | 0.03% | 210 | $39K | Reduce -14.6% |
| WPM Wheaton Precious Metals Corp. | 0.03% | 332 | $39K | Reduce -27.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.03% | 350 | $39K | No change |
| PFE Pfizer Inc. | 0.02% | 1,452 | $36K | No change |
| SFL SFL Corp. Ltd. | 0.02% | 3,900 | $30K | No change |
| PEP Pepsico Inc. | 0.02% | 200 | $29K | No change |
| GMED Globus Medical Inc. Class A | 0.02% | 325 | $28K | No change |
| BOTZ Global X Robotics & Artifici | 0.02% | 776 | $28K | Reduce -79.2% |
| VOO Vanguard S&P 500 ETF | 0.02% | 43 | $27K | No change |
| HD Home Depot Inc. | 0.02% | 75 | $26K | No change |
| IAU iShares Gold Trust | 0.02% | 314 | $25K | No change |
| DHR Danaher Corp. | 0.01% | 100 | $23K | No change |
| NVS Novartis AG-Sponsored ADR | 0.01% | 165 | $23K | No change |
| O Realty Income Corp. | 0.01% | 400 | $23K | No change |
| SILJ Amplify Junior Silver Miners | 0.01% | 800 | $22K | No change |
| ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU | 0.01% | 313 | $22K | Reduce -80.6% |
| MA Mastercard Inc. Class A | 0.01% | 38 | $22K | No change |
| AGNC AGNC Investment Corp. | 0.01% | 2,000 | $21K | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.01% | 20 | $21K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.01% | 63 | $21K | No change |
| V Visa Inc. Class A | 0.01% | 60 | $21K | No change |
| DOCU Docusign Inc. | 0.01% | 300 | $21K | Reduce -66.7% |
| NSC Norfolk Southern Corp. | 0.01% | 70 | $20K | No change |
| FCX Freeport-McMoran Inc. | 0.01% | 394 | $20K | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 0.01% | 513 | $20K | No change |
| ORCL Oracle Corp. | 0.01% | 100 | $19K | No change |
| COM Direxion Auspice BRD Cmdty | 0.01% | 642 | $19K | Reduce -97.7% |
Options reported separately and not counted above: QQQ puts ($2.3M), SLV puts ($1.6M), COPX calls ($663K), SLV calls ($6K), AAPL puts ($55).
Other holdings (2): bonds, preferreds, convertibles and warrants · $155K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 1,970 | $155K | New |
| DJTWW Trump Media & Technology Gro | *W EXP 03/25/202 | 2 | $14 | No change |
Lines left out (2) · $5 — a value with no share or principal amount
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $152.5M.
Portfolio Sells Q3 2025 → Q4 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -46.9% | 7.45% | −6.63 |
| BOXX Alpha Architect 1-3 MNTH Box | Reduce -13.8% | 15.29% | −2.27 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -1.7% | 2.35% | −0.79 |
| DBA Invesco DB Agriculture Fund | Reduce -89.0% | 0.09% | −0.73 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -1.6% | 1.80% | −0.60 |
| COM Direxion Auspice BRD Cmdty | Reduce -97.7% | 0.01% | −0.52 |
| ETHE Grayscale Ethereum Staking E | Reduce -3.9% | 1.01% | −0.47 |
| COIN Coinbase Global Inc. Class A | Reduce -26.2% | 0.16% | −0.16 |
| PHO Invesco Water Resources ETF | Reduce -73.0% | 0.05% | −0.13 |
| EXCHANGE TRADED CONCEPTS TRU | Sold out | 0.00% | −0.10 |
| SNSR Global X Internet of Things | Reduce -88.7% | 0.01% | −0.08 |
| PSLV Sprott Physical Silver Trust | Reduce -71.9% | 0.06% | −0.08 |
| BOTZ Global X Robotics & Artifici | Reduce -79.2% | 0.02% | −0.07 |
| ROBO Robo Global Robotics and Aut | Reduce -80.6% | 0.01% | −0.06 |
| FNV Franco-Nevada Corp. | Reduce -27.5% | 0.10% | −0.05 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -28.9% | 0.11% | −0.04 |
| URNM Sprott Uranium Miners ETF | Reduce -34.4% | 0.06% | −0.04 |
| LIT Global X Lithium & Battery T | Reduce -36.2% | 0.10% | −0.04 |
| PDBC Invesco Optimum Yield Divers | Reduce -96.7% | 0.00% | −0.04 |
| SMR Nuscale Power Corp. | Sold out | 0.00% | −0.04 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.03 |
| DOCU Docusign Inc. | Reduce -66.7% | 0.01% | −0.03 |
| BLOK Amplify Blockchain Tech ETF | Reduce -3.3% | 0.13% | −0.03 |
| KRBN KS Global Carbon Stratgy ETF | Reduce -74.6% | 0.01% | −0.02 |
| AEM Agnico Eagle Mines Ltd. | Reduce -31.7% | 0.05% | −0.02 |
| XLE SS Energy Select Sector | Reduce -3.0% | 0.64% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Reduce -1.0% | 0.06% | −0.02 |
| IREN Iren Ltd. | Reduce -99.5% | 0.00% | −0.02 |
| STT State Street Corp. | Reduce -23.9% | 0.08% | −0.01 |
| FSM Fortuna Mining Corp. | Reduce -39.4% | 0.03% | −0.01 |
| SFLR Innovator Eqty MGD Floor ETF | Reduce -3.5% | 0.93% | −0.01 |
| ZDEK Inno Equ Def Pro ETF - 1 DE | Sold out | 0.00% | −0.01 |
| IDRV iShares Self-Driving Ev&tech | Reduce -48.0% | 0.01% | −0.01 |
| WPM Wheaton Precious Metals Corp. | Reduce -27.5% | 0.03% | −0.01 |
| RC Ready Capital Corp. | Reduce -25.8% | 0.00% | −0.01 |
| WMT Walmart Inc. | Reduce -59.6% | 0.00% | −0.01 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.01 |
| NVDA Nvidia Corp. | Reduce -14.6% | 0.03% | −0.00 |
| BMNR Bitmine Immersion Technologi | Reduce -25.5% | 0.00% | −0.00 |
| IFRA iShares US Infrastructure | Reduce -93.1% | 0.00% | −0.00 |
| PAAS Pan American Silver Corp. | Reduce -30.6% | 0.04% | −0.00 |
| UFOX Defiance Space and Connectiv | Reduce -12.8% | 0.03% | −0.00 |
| HSY The Hershey Co. | Reduce -2.3% | 0.06% | −0.00 |
| NEM Newmont Corp. | Reduce -21.6% | 0.04% | −0.00 |
| B Barrick Mining Corp. | Reduce -30.3% | 0.03% | −0.00 |
| GII State Street SPDR S&P Global | Reduce -91.8% | 0.00% | −0.00 |
| IAK iShares U.S. Insurance ETF | Reduce -2.4% | 0.22% | −0.00 |
| FTHI Fthi/First Trust Exchange-TR | Sold out | 0.00% | −0.00 |
| GDL GDL Fund | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| SLV iShares Silver Trust | Add +4.8% | 10.44% | +3.89 |
| GLD SPDR Gold Shares | Add +4.3% | 18.42% | +2.58 |
| KNSL Kinsale Capital Group Inc. | Add +219.7% | 3.05% | +2.01 |
| XBI SS SPDR S&P Biotech ETF | New | 1.74% | +1.74 |
| GDXJ Vaneck Junior Gold Miners | Add +25.5% | 3.39% | +1.04 |
| URA Global X Uranium ETF | Add +166.4% | 1.77% | +1.03 |
| ILF iShares Latin America 40 ETF | New | 0.85% | +0.85 |
| GDX Vaneck Gold Miners ETF | Add +2.6% | 4.30% | +0.57 |
| SIL Global X Silver Miners ETF | Add +24.5% | 1.37% | +0.42 |
| BITQ Bitwise Crypto Indu Inno ETF | New | 0.10% | +0.10 |
| REMX Vaneck Rar Earth ND STG-Usdi | Add +15.0% | 0.45% | +0.10 |
| BITW Bitwise 10 Crypto Index ETF | New | 0.10% | +0.10 |
| JEPQ JPM Nasdaq Equity Premium | Add +9.9% | 0.82% | +0.08 |
| GDLC Grayscale Coindesk 5 ETF | Add +722.2% | 0.04% | +0.03 |
| GLNK Grayscale Chainlink Trust Et | New | 0.03% | +0.03 |
| AXP American Express Co. | Add +0.3% | 0.19% | +0.02 |
| XOM Exxon Mobil Corp. | Add +2.4% | 0.12% | +0.01 |
| NFLX Netflix Inc. | Add +74.1% | 0.03% | +0.01 |
| IVF Invo Fertility Inc. | New | 0.01% | +0.01 |
| HEALTHY CHOICE WELLNESS CORP | New | 0.00% | +0.00 |
| SUNC Sunococorp LLC | New | 0.00% | +0.00 |
| AMZY Yieldmax Amazn Option Income | New | 0.00% | +0.00 |
| FBY Yieldmax Meta Option Yield | New | 0.00% | +0.00 |
| GOLI Defiance Gold Enhnced Oi ETF | New | 0.00% | +0.00 |
| BA The Boeing Co. | Add +66.7% | 0.00% | +0.00 |
| SLVR Sprott SLVR Miner & PHY SLVR | Add +3.2% | 0.00% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.00% | +0.00 |
| SCHD Schwab US DVD Equity ETF | New | 0.00% | +0.00 |
| FG F&G Annuities & Life Inc. | New | 0.00% | +0.00 |
| PLUG Plug Power Inc. | Add +16.6% | 0.01% | −0.00 |
| VZ Verizon Communications Inc. | Add +0.2% | 0.03% | −0.00 |
| QS Quantumscape Corp. | Add +3.5% | 0.06% | −0.01 |
| BTC Grayscale Bitcoin Mini ETF | Add +15.7% | 0.64% | −0.08 |
| MSTR Strategy Inc. | Add +9.2% | 0.16% | −0.15 |
| ETH Grayscale Ethereum Staking M | Add +2.1% | 0.62% | −0.23 |
| ETHW Bitwise Ethereum ETF | Add +19.3% | 2.92% | −0.51 |
| BITB Bitwise Bitcoin ETF | Add +17.0% | 6.84% | −0.81 |
Options Activity Q3 2025 → Q4 2025
| QQQ Invesco QQQ Trust Series 1 | put | Add +59920.0% | 3,001 | $2.3M |
| SLV iShares Silver Trust | put | New | 9,300 | $1.6M |
| GDX Vaneck Gold Miners ETF | call | Sold out | 3,010 | $1.2Mbefore exit |
| COPX Global X Copper Miners ETF | call | New | 5,000 | $663K |
| SLV iShares Silver Trust | call | Reduce -100.0% | 2 | $6K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 1,970 | $155K |
| GNL Global Net Lease Inc. | COM NEW | Sold out | 0 | $0before exit |
| HR Healthcare Realty Trust Inc. | CL A COM | Sold out | 0 | $0before exit |
| SPHB Invesco S&P 500 High Beta Et | S&P 500 HB ETF | Sold out | 0 | $0before exit |
| TLT iShares 20+ Year Treasury BD | 20 YR TR BD ETF | Sold out | 0 | $0before exit |
| IWM iShares Russell 2000 ETF | RUSSELL 2000 ETF | Sold out | 0 | $0before exit |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | IBOXX HI YD ETF | Sold out | 0 | $0before exit |
| GOVT iShares US Treasury Bond ETF | US TREAS BD ETF | Sold out | 0 | $0before exit |
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 | 29 | $130.9M | BIL, GLD, SLV, AAPL, BITB |
| Q1 2026 | 24 | $113.5M | BIL, GLD, SLV, BITB, AAPL |
| Q4 2025 | 240 | $152.3M | GLD, BOXX, SLV, BIL, BITB |
| Q3 2025 | 248 | $152.3M | BOXX, GLD, BIL, BITB, SLV |
| Q2 2025 | 250 | $116.7M | BIL, GLD, BITB, SLV, AAPL |
| Q1 2025 | 239 | $105.3M | BIL, GLD, AAPL, BITB, SLV |
| Q4 2024 | 232 | $112.2M | BIL, GLD, AAPL, GBTC, ETHE |