IRON Financial LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), IRON Financial LLC reported 121 stock positions worth $188.9 million. Its top holding was Cme (CME) at 8.6% of the portfolio, followed by Apple (AAPL, 7.0%) and VG Morningstar TS MKT ETF-US (VTI, 6.2%). Compared with Q1 2025, it opened 12 new positions, sold out of 4, added to 71 and reduced 31. The biggest buy was a new position in iShares Core Dividend ETF (DIVB) and the biggest sale Hartford TTL RTRN BND ETF (HTRB, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- NORTHBROOK, IL
- CIK
- 0001595509
- Portfolio Value
- $188.9M (Q2 2025)
- SEC Filing
- 0001595509-25-000006 ↗ filed Jul 25, 2025
Holdings Value
Holdings 121 stocks · $188.9M
| CME Cme Group Inc. | 8.56% | 58,696 | $16.2M | Reduce -0.1% |
| AAPL Apple Inc. | 7.05% | 64,872 | $13.3M | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 6.21% | 38,577 | $11.7M | Add +0.9% |
| ISTB iShares Core 1-5 Year Usd Bo | 5.69% | 221,121 | $10.8M | Add +0.9% |
| HTRB Hartford TTL RTRN BND ETF | 5.55% | 309,344 | $10.5M | Reduce -5.1% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 5.21% | 131,545 | $9.9M | Reduce -1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.56% | 13,945 | $8.6M | Add +0.8% |
| SCHY Schwab International DVD ETF | 3.57% | 246,270 | $6.7M | Add +3.1% |
| ACWV iShares MSCI Global Min Vol | 3.34% | 53,184 | $6.3M | Reduce -5.4% |
| SCHP Schwab U.S. Tips ETF | 3.16% | 223,509 | $6.0M | Reduce -2.7% |
| IBDR iShares Ibonds Dec 2026 Term | 1.96% | 152,633 | $3.7M | Add +0.5% |
| MOAT Vaneck Morningstar Wide Moat | 1.92% | 38,742 | $3.6M | Reduce -0.0% |
| SPSB SS SPDR P St C Corp. ETF | 1.92% | 119,968 | $3.6M | Reduce -2.1% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.84% | 138,227 | $3.5M | Reduce -10.0% |
| MSFT Microsoft Corp. | 1.79% | 6,785 | $3.4M | Reduce -5.6% |
| AMZN Amazon.com Inc. | 1.62% | 13,977 | $3.1M | Add +0.8% |
| VGIT Vanguard Intermediate-Term T | 1.52% | 47,985 | $2.9M | Reduce -9.0% |
| JPM JPMorgan Chase & Co. | 1.39% | 9,050 | $2.6M | Add +0.7% |
| NVDA Nvidia Corp. | 1.30% | 15,598 | $2.5M | Add +3.8% |
| CBOE Cboe Global Markets Inc. | 1.28% | 10,382 | $2.4M | No change |
| FBND Fidelity Total Bond ETF | 1.06% | 43,808 | $2.0M | Add +0.1% |
| VIG Vanguard Dividend Apprec ETF | 1.02% | 9,442 | $1.9M | Add +30.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.99% | 46,417 | $1.9M | Add +0.3% |
| SCHD Schwab US DVD Equity ETF | 0.86% | 61,655 | $1.6M | Reduce -20.5% |
| JNJ Johnson & Johnson | 0.86% | 10,646 | $1.6M | Add +0.6% |
| VXUS Vanguard Total Intl Stock | 0.77% | 21,046 | $1.5M | Add +0.5% |
| USMV iShares MSCI USA Min Vol Fac | 0.73% | 14,681 | $1.4M | Reduce -29.6% |
| SPEM State Street SP PTF Em ETF | 0.68% | 30,117 | $1.3M | Add +1.6% |
| T AT&T Inc. | 0.67% | 43,465 | $1.3M | Add +7.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.64% | 2,390 | $1.2M | Add +13.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.61% | 2,095 | $1.2M | Add +10.8% |
| LTPZ PIMCO 15+ YR US Tips Indx | 0.60% | 21,454 | $1.1M | Add +4.7% |
| JQUA JPMorgan US Quality Factor | 0.58% | 18,254 | $1.1M | Add +92.8% |
| NEM Newmont Corp. | 0.57% | 18,575 | $1.1M | Reduce -0.3% |
| MCD McDonald's Corp. | 0.55% | 3,586 | $1.0M | Add +1.2% |
| NOW ServiceNow Inc. | 0.52% | 962 | $989K | Add +1.8% |
| PG The Procter & Gamble Co. | 0.52% | 6,199 | $988K | Add +1.0% |
| LIN Linde PLC | 0.47% | 1,896 | $890K | Add +0.1% |
| DIVB iShares Core Dividend ETF | 0.47% | 17,547 | $883K | New |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.46% | 4,844 | $873K | Reduce -0.5% |
| IBIT iShares Bitcoin Trust ETF | 0.44% | 13,723 | $840K | Add +26.5% |
| META Meta Platforms Inc. Class A | 0.44% | 1,123 | $829K | Add +4.1% |
| UDR Udr Inc. | 0.43% | 19,730 | $806K | Reduce -0.2% |
| LNT Alliant Energy Corp. | 0.41% | 12,845 | $777K | Reduce -0.3% |
| IQLT iShares MSCI International Q | 0.41% | 17,885 | $773K | Add +9.6% |
| STZ Constellation Brands Inc. Class A | 0.40% | 4,671 | $760K | Reduce -0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 1,558 | $757K | Add +23.9% |
| AMCR Amcor PLC | 0.40% | 81,847 | $752K | Reduce -0.4% |
| MAA Mid-America Apartment Comm | 0.40% | 5,056 | $748K | Reduce -0.1% |
| HODL Vaneck Bitcoin ETF | 0.36% | 22,355 | $681K | Add +87.0% |
| SMOT Vaneck Morningstar Smid Moat | 0.34% | 18,601 | $647K | Add +2.1% |
| ZBH Zimmer Biomet Holdings Inc. | 0.32% | 6,676 | $609K | Reduce -0.3% |
| BSJQ Invesco Bulletshares 2026 HY | 0.32% | 25,719 | $600K | Add +0.6% |
| CDW CDW Corp. | 0.32% | 3,333 | $595K | Add +0.2% |
| ABBV Abbvie Inc. | 0.31% | 3,185 | $591K | Add +26.8% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.31% | 5,515 | $579K | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.30% | 3,188 | $562K | Add +7.3% |
| SCHB Schwab US Broad Market ETF | 0.30% | 23,509 | $560K | Add +0.1% |
| D Dominion Energy Inc. | 0.29% | 9,821 | $555K | Reduce -0.3% |
| BSJP Invesco Bulletshares 2025 HY | 0.28% | 23,312 | $538K | Add +19.5% |
| FAST Fastenal Co. | 0.28% | 12,694 | $533K | Reduce -0.3% |
| IWF iShares Russell 1000 Growth | 0.28% | 1,241 | $527K | Add +10.7% |
| XOM Exxon Mobil Corp. | 0.27% | 4,697 | $506K | Add +1.4% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.27% | 8,048 | $505K | Add +0.1% |
| COP Conocophillips | 0.26% | 5,441 | $488K | Add +0.4% |
| DGRW Wisdomtree U.S. Quality Divi | 0.25% | 5,680 | $476K | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.25% | 5,108 | $469K | New |
| IWP iShares Russell Mid-Cap Grow | 0.25% | 3,376 | $468K | Reduce -3.8% |
| WWD Woodward Inc. | 0.25% | 1,910 | $468K | Add +0.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.24% | 5,608 | $453K | Add +0.0% |
| BX Blackstone Inc. | 0.23% | 2,965 | $444K | Add +0.1% |
| WMT Walmart Inc. | 0.21% | 4,125 | $403K | Add +1.8% |
| PLTR Palantir Technologies Inc. Class A | 0.21% | 2,925 | $399K | Reduce -36.4% |
| TSLA Tesla Inc. | 0.20% | 1,199 | $381K | Add +2.5% |
| COM Direxion Auspice BRD Cmdty | 0.19% | 12,706 | $351K | Reduce -6.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.18% | 796 | $349K | No change |
| GOVT iShares US Treasury Bond ETF | 0.18% | 14,715 | $338K | Reduce -2.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.18% | 6,887 | $338K | New |
| DLTR Dollar Tree Inc. | 0.17% | 3,316 | $328K | Add +1.0% |
| V Visa Inc. Class A | 0.17% | 902 | $320K | Add +2.4% |
| DVY iShares Select Dividend ETF | 0.16% | 2,318 | $308K | Add +0.7% |
| ABT Abbott Laboratories | 0.16% | 2,262 | $308K | Add +13.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.16% | 1,037 | $306K | Add +1.2% |
| INTC Intel Corp. | 0.16% | 13,525 | $303K | Add +0.2% |
| SBUX Starbucks Corp. | 0.16% | 3,222 | $295K | Add +9.0% |
| SCHF Schwab Intl Equity ETF | 0.15% | 13,070 | $289K | Add +0.1% |
| CWS Advisorshares Equity Focused | 0.15% | 4,000 | $280K | No change |
| USHY iShares Broad Usd High Yield | 0.15% | 7,453 | $280K | No change |
| HD Home Depot Inc. | 0.14% | 736 | $270K | Add +2.6% |
| KO The Coca-Cola Co. | 0.14% | 3,811 | $270K | Add +1.8% |
| GOOG Alphabet Inc. Class C | 0.14% | 1,466 | $260K | Add +1.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.14% | 2,517 | $258K | Add +1.4% |
| CMG Chipotle Mexican Grill Inc. | 0.13% | 4,500 | $253K | No change |
| AXP American Express Co. | 0.13% | 792 | $253K | Add +0.1% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.13% | 3,124 | $250K | Add +1.3% |
| BG Bunge Global SA | 0.13% | 3,105 | $249K | Add +0.8% |
| MSCI MSCI Inc. | 0.13% | 427 | $246K | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.13% | 1,927 | $239K | New |
| HCA HCA Healthcare Inc. | 0.13% | 619 | $237K | Reduce -1.3% |
| SGOL Abrdn Physical Gold Shares | 0.12% | 7,417 | $234K | No change |
Options reported separately and not counted above: META puts ($1.8M), MSFT puts ($746K), CRWV calls ($652K), AVAV calls ($427K), CRWV puts ($326K).
Portfolio Sells Q1 2025 → Q2 2025
| HTRB Hartford TTL RTRN BND ETF | Reduce -5.1% | 5.55% | −0.64 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -29.6% | 0.73% | −0.36 |
| SCHD Schwab US DVD Equity ETF | Reduce -20.5% | 0.86% | −0.35 |
| ACWV iShares MSCI Global Min Vol | Reduce -5.4% | 3.34% | −0.33 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -10.0% | 1.84% | −0.32 |
| SCHP Schwab U.S. Tips ETF | Reduce -2.7% | 3.16% | −0.31 |
| VGIT Vanguard Intermediate-Term T | Reduce -9.0% | 1.52% | −0.24 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.20 |
| CME Cme Group Inc. | Reduce -0.1% | 8.56% | −0.18 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -2.1% | 1.92% | −0.15 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.12 |
| DOW Dow Inc. | Sold out | 0.00% | −0.12 |
| IP International Paper Co. | Sold out | 0.00% | −0.11 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -0.3% | 0.32% | −0.10 |
| STZ Constellation Brands Inc. Class A | Reduce -0.2% | 0.40% | −0.08 |
| MAA Mid-America Apartment Comm | Reduce -0.1% | 0.40% | −0.08 |
| UDR Udr Inc. | Reduce -0.2% | 0.43% | −0.07 |
| LNT Alliant Energy Corp. | Reduce -0.3% | 0.41% | −0.05 |
| AMCR Amcor PLC | Reduce -0.4% | 0.40% | −0.05 |
| COM Direxion Auspice BRD Cmdty | Reduce -6.6% | 0.19% | −0.04 |
| JKHY Jack Henry & Associates Inc. | Reduce -0.5% | 0.46% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -0.3% | 0.11% | −0.03 |
| D Dominion Energy Inc. | Reduce -0.3% | 0.29% | −0.02 |
| GOVT iShares US Treasury Bond ETF | Reduce -2.3% | 0.18% | −0.01 |
| TGT Target Corp. | Reduce -0.5% | 0.12% | −0.01 |
| PSA Public Storage | Reduce -0.4% | 0.12% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -36.4% | 0.21% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -4.0% | 0.12% | −0.00 |
| HCA HCA Healthcare Inc. | Reduce -1.3% | 0.13% | +0.00 |
| FAST Fastenal Co. | Reduce -0.3% | 0.28% | +0.01 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -0.0% | 1.92% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | Reduce -3.8% | 0.25% | +0.02 |
| NEM Newmont Corp. | Reduce -0.3% | 0.57% | +0.07 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -1.0% | 5.21% | +0.15 |
| MSFT Microsoft Corp. | Reduce -5.6% | 1.79% | +0.27 |
Portfolio Buys Q1 2025 → Q2 2025
| DIVB iShares Core Dividend ETF | New | 0.47% | +0.47 |
| NVDA Nvidia Corp. | Add +3.8% | 1.30% | +0.39 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.9% | 6.21% | +0.32 |
| JQUA JPMorgan US Quality Factor | Add +92.8% | 0.58% | +0.28 |
| DGRW Wisdomtree U.S. Quality Divi | New | 0.25% | +0.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.25% | +0.25 |
| VIG Vanguard Dividend Apprec ETF | Add +30.9% | 1.02% | +0.24 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +13.3% | 0.64% | +0.23 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.8% | 4.56% | +0.22 |
| HODL Vaneck Bitcoin ETF | Add +87.0% | 0.36% | +0.20 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.18% | +0.18 |
| SCHY Schwab International DVD ETF | Add +3.1% | 3.57% | +0.17 |
| IBIT iShares Bitcoin Trust ETF | Add +26.5% | 0.44% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 1.39% | +0.15 |
| AMZN Amazon.com Inc. | Add +0.8% | 1.62% | +0.14 |
| DIS The Walt Disney Co. | New | 0.13% | +0.13 |
| BEN Franklin Templeton Inc. | New | 0.12% | +0.12 |
| RL Ralph Lauren Corp. | New | 0.12% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +10.8% | 0.61% | +0.11 |
| LYV Live Nation Entertainment Inc. | New | 0.11% | +0.11 |
| NFLX Netflix Inc. | New | 0.11% | +0.11 |
| CBRE CBRE Group Inc. Class A | New | 0.11% | +0.11 |
| CSX CSX Corp. | New | 0.11% | +0.11 |
| GLDM SPDR Gold Minishares Trust | New | 0.11% | +0.11 |
| NOW ServiceNow Inc. | Add +1.8% | 0.52% | +0.10 |
| META Meta Platforms Inc. Class A | Add +4.1% | 0.44% | +0.09 |
| WWD Woodward Inc. | Add +0.1% | 0.25% | +0.05 |
| IWF iShares Russell 1000 Growth | Add +10.7% | 0.28% | +0.05 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +0.3% | 0.99% | +0.05 |
| IQLT iShares MSCI International Q | Add +9.6% | 0.41% | +0.05 |
| VXUS Vanguard Total Intl Stock | Add +0.5% | 0.77% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +7.3% | 0.30% | +0.04 |
| DLTR Dollar Tree Inc. | Add +1.0% | 0.17% | +0.04 |
| BSJP Invesco Bulletshares 2025 HY | Add +19.5% | 0.28% | +0.03 |
| EL Estee Lauder Companies Class A | Add +0.0% | 0.24% | +0.03 |
| TSLA Tesla Inc. | Add +2.5% | 0.20% | +0.03 |
| SPEM State Street SP PTF Em ETF | Add +1.6% | 0.68% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +23.9% | 0.40% | +0.03 |
| T AT&T Inc. | Add +7.0% | 0.67% | +0.02 |
| IBM Intl Business Machines Corp. | Add +1.2% | 0.16% | +0.02 |
| ABBV Abbvie Inc. | Add +26.8% | 0.31% | +0.02 |
| IRM Iron Mountain Inc. | Add +1.4% | 0.14% | +0.02 |
| CDW CDW Corp. | Add +0.2% | 0.32% | +0.02 |
| ABT Abbott Laboratories | Add +13.8% | 0.16% | +0.01 |
| AXP American Express Co. | Add +0.1% | 0.13% | +0.01 |
| WMT Walmart Inc. | Add +1.8% | 0.21% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +0.1% | 0.30% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +1.9% | 0.14% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +0.1% | 0.15% | +0.01 |
| SMOT Vaneck Morningstar Smid Moat | Add +2.1% | 0.34% | +0.01 |
Options Activity Q1 2025 → Q2 2025
| META Meta Platforms Inc. Class A | put | New | 2,500 | $1.8M |
| MSFT Microsoft Corp. | put | New | 1,500 | $746K |
| CRWV Coreweave Inc. Class A | call | New | 4,000 | $652K |
| AVAV Aerovironment Inc. | call | New | 1,500 | $427K |
| CRWV Coreweave Inc. Class A | put | New | 2,000 | $326K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 151 | $242.3M | AAPL, ISTB, CME, VTI, SPTM |
| Q1 2026 | 145 | $228.8M | CME, AAPL, ISTB, VTI, SPTM |
| Q4 2025 | 132 | $217.6M | AAPL, ISTB, CME, VTI, SPTM |
| Q3 2025 | 139 | $208.8M | ISTB, AAPL, CME, VTI, SPTM |
| Q2 2025 | 121 | $188.9M | CME, AAPL, VTI, ISTB, HTRB |
| Q1 2025 | 113 | $178.4M | CME, AAPL, HTRB, ISTB, VTI |
| Q4 2024 | 104 | $178.0M | AAPL, CME, HTRB, VTI, ISTB |
| Q3 2024 | 108 | $183.7M | AAPL, CME, HTRB, VTI, SPTM |
| Q2 2024 | 101 | $178.3M | AAPL, HTRB, CME, VTI, SPTM |
| Q1 2024 | 98 | $179.4M | CME, HTRB, AAPL, VTI, SPTM |