Iron Horse Wealth Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 17, 2024), Iron Horse Wealth Management, LLC reported 450 stock positions worth $252.7 million. Its top holding was Vanguard High DVD Yield ETF (VYM) at 10.9% of the portfolio, followed by Vanguard S&P 500 Growth ETF (VOOG, 9.9%) and JPMorgan Betabuilders US Agg (BBAG, 8.0%). Compared with Q4 2023, it opened 29 new positions, sold out of 54, added to 69 and reduced 50. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +5%) and the biggest sale SS SPDR BB Ig Float RT ETF (FLRN, shares −59%).

Most Recent 13F
Q2 2025
Location
JOHSTON, IA
CIK
0001836270
Portfolio Value
$252.7M (Q1 2024)
SEC Filing
0001836270-24-000002 ↗ filed Apr 17, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $252.7M $252.7M Q1 2024 Q2 2024: $261.8M Q2 2024 Q3 2024: $292.5M Q3 2024 Q4 2024: $298.0M Q4 2024 Q1 2025: $311.5M Q1 2025 Q2 2025: $339.0M Q2 2025

Holdings 450 stocks · $252.7M
VYM Vanguard High DVD Yield ETF 10.89% 227,354 $27.5M Add +2.9%
VOOG Vanguard S&P 500 Growth ETF 9.91% 82,156 $25.0M Add +0.7%
BBAG JPMorgan Betabuilders US Agg 8.00% 440,809 $20.2M Add +13.3%
VCIT Vanguard Int-Term Corporate 7.95% 249,668 $20.1M Add +8.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 7.80% 181,000 $19.7M Add +9.7%
SPY SS SPDR S&P 500 ETF Trust-US 6.76% 32,641 $17.1M Add +4.7%
VEA Vanguard Ftse Developed ETF 6.41% 322,647 $16.2M Add +6.0%
SPDW Ste STR SPDR PT DW Eu ETF 6.19% 436,672 $15.7M Add +4.6%
JEPI JPMorgan Equity Premium Inco 5.63% 245,923 $14.2M Add +8.1%
VB Vanguard Most SM-Cap ETF-Usd 4.88% 53,986 $12.3M Add +3.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 4.72% 47,697 $11.9M Add +4.2%
VWO Vanguard Ftse Emerging Marke 3.61% 218,103 $9.1M Add +9.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 3.46% 45,530 $8.7M Add +4.0%
VOE Vngrd Mrngstr MD-Cap Val ETF 3.41% 55,207 $8.6M Add +5.0%
PFFD Global X US Preferred ETF 3.07% 384,916 $7.8M Add +5.6%
SPYV SS SPDR P S&P 500 Value ETF 0.58% 29,392 $1.5M Add +14.4%
XYLD Global X S&P 500 Cove Call E 0.27% 16,584 $676K Reduce -28.1%
AAPL Apple Inc. 0.27% 3,924 $673K Add +4.8%
SPYG SS SPDR P S&P 500 Growth ETF 0.25% 8,798 $644K Reduce -35.5%
BRK.B Berkshire Hathaway Inc. Class B 0.24% 1,441 $606K No change
VOO Vanguard S&P 500 ETF 0.23% 1,205 $579K Reduce -0.2%
UNH Unitedhealth Group Inc. 0.23% 1,167 $577K No change
WFC Wells Fargo & Co. 0.22% 9,780 $567K Reduce -2.3%
IVV iShares Core S&P 500 ETF 0.19% 905 $476K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.18% 1,344 $463K Add +3.9%
IAGG iShares Intl Aggregate Bond 0.13% 6,748 $337K Add +36.4%
PFG Principal Financial Group 0.12% 3,599 $311K Reduce -0.8%
XOM Exxon Mobil Corp. 0.12% 2,618 $304K Add +4.6%
VNQ Vanguard Real Estate ETF 0.12% 3,440 $297K Reduce -25.7%
FLRN SS SPDR BB Ig Float RT ETF 0.12% 9,566 $295K Reduce -59.4%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.12% 7,176 $292K Reduce -0.6%
KO The Coca-Cola Co. 0.11% 4,721 $289K Reduce -3.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.11% 1,713 $279K Add +13.8%
APO Apollo Global Management Inc. 0.10% 2,354 $265K Add +40.5%
LII Lennox International Inc. 0.10% 535 $261K New
AFL Aflac Inc. 0.10% 3,020 $259K Add +3.8%
DE Deere & Co. 0.10% 618 $254K Reduce -2.4%
PG The Procter & Gamble Co. 0.09% 1,460 $237K Add +14.5%
SCHP Schwab U.S. Tips ETF 0.09% 4,512 $235K Reduce -39.2%
JNJ Johnson & Johnson 0.09% 1,419 $224K Add +142.2%
FNF Fidelity National Financial 0.08% 3,765 $200K Add +1254.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.08% 2,218 $196K Reduce -13.8%
SBUX Starbucks Corp. 0.07% 1,992 $182K Reduce -4.8%
JPST JPMorgan Ultra-Short Income 0.07% 3,509 $177K Reduce -39.7%
IJR iShares Core S&P Small-Cap E 0.07% 1,540 $170K Add +32.8%
IJH iShares Core S&P Midcap ETF 0.06% 2,675 $162K Add +39.0%
MDYV SS SPDR S&P 400 MC Val ETF 0.06% 1,943 $148K Reduce -3.7%
GE General Electric 0.06% 823 $144K Reduce -5.0%
CVX Chevron Corp. 0.06% 890 $140K Add +1.7%
MSFT Microsoft Corp. 0.05% 305 $128K Add +36.8%
TSCO Tractor Supply Company 0.05% 490 $128K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 670 $128K No change
LNT Alliant Energy Corp. 0.05% 2,465 $124K New
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 515 $121K Reduce -1.0%
VTI VG Morningstar TS MKT ETF-US 0.05% 465 $121K New
VBK Van Morst SML-Cap Gro-Usd Inc. 0.05% 445 $116K Reduce -9.2%
CVS CVS Health Corp. 0.04% 1,353 $108K Reduce -6.9%
INTC Intel Corp. 0.04% 2,206 $97K Reduce -2.9%
BAX Baxter International Inc. 0.04% 2,250 $96K No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.04% 980 $96K No change
MDYG SS SPDR S&P 400 MC GR ETF 0.04% 1,091 $95K Reduce -2.9%
SPTM SS SPDR P S&P 1500 Comp ETF 0.04% 1,478 $95K Reduce -36.6%
LEVI Levi Strauss & Co. Class A 0.04% 4,500 $90K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.03% 1,037 $86K No change
SPEM State Street SP PTF Em ETF 0.03% 2,349 $85K Reduce -50.8%
TSLA Tesla Inc. 0.03% 481 $85K Add +2.6%
PSK SS SPDR Ice Pref Sec ETF 0.03% 2,368 $83K Reduce -3.1%
SPIB SS SPDR P Int C Corp. ETF 0.03% 2,481 $81K Reduce -11.8%
VHT Vanguard Health Care ETF 0.03% 285 $77K No change
MCD McDonald's Corp. 0.03% 269 $76K Add +31.9%
JPM JPMorgan Chase & Co. 0.03% 375 $75K Reduce -9.6%
SPAB SS SPDR P Agg Bond ETF 0.03% 2,905 $73K Add +2.8%
LW Lamb Weston Holdings Inc. 0.03% 666 $71K New
VZ Verizon Communications Inc. 0.03% 1,655 $69K Reduce -15.4%
MMM 3M Co. 0.03% 611 $65K Add +504.9%
KMI Kinder Morgan Inc. 0.03% 3,528 $65K No change
COR Cencora Inc. 0.03% 262 $64K No change
SPSB SS SPDR P St C Corp. ETF 0.03% 2,136 $64K Reduce -39.4%
QQQ Invesco QQQ Trust Series 1 0.03% 142 $63K Reduce -53.1%
CAG Conagra Brands Inc. 0.02% 2,000 $59K New
HON Honeywell International Inc. 0.02% 285 $58K No change
LOW Lowe's Cos Inc. 0.02% 225 $57K Add +66.7%
MRK Merck & Co. Inc. 0.02% 421 $56K No change
COST Costco Wholesale Corp. 0.02% 72 $53K No change
DD Dupont DE Nemours Inc. 0.02% 678 $52K No change
SLYG SS SPDR S&P 600 SC GR ETF 0.02% 584 $51K No change
DOW Dow Inc. 0.02% 871 $50K No change
BA The Boeing Co. 0.02% 254 $49K No change
NEAR iShares SH Dba ETF Usd Inc. 0.02% 971 $49K No change
TGT Target Corp. 0.02% 273 $48K Add +19.7%
CTVA Corteva Inc. 0.02% 836 $48K Add +0.2%
HRL Hormel Foods Corp. 0.02% 1,374 $48K Reduce -3.2%
CAT Caterpillar Inc. 0.02% 126 $46K Add +8.6%
CI The Cigna Group 0.02% 125 $45K No change
NVDA Nvidia Corp. 0.02% 50 $45K No change
GSK GSK PLC-Spon ADR 0.02% 1,000 $43K No change
STIP iShares 0-5 Year Tips Bond E 0.02% 420 $42K No change
VGIT Vanguard Intermediate-Term T 0.02% 701 $41K Add +27.2%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.02% 740 $40K No change
WMT Walmart Inc. 0.02% 642 $39K Add +189.2%

Show all 450 holdings

Other holdings (19): bonds, preferreds, convertibles and warrants · $306K (not counted above)
SecurityClassShares / PrincipalValueChange
PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25) NOTE 0.250% 5/1 · principal 11,000$31KNo change
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal 16,000$26KNo change
PALO ALTO NETWORKS (PANW 0.375 06/01/25) NOTE 0.375% 6/0 · principal 9,000$26KNo change
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 19,000$25KNo change
DEXCOM INC (DXCM 0.25 11/15/25) NOTE 0.250%11/1 · principal 16,000$18KNo change
MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) NOTE 0.125%11/1 · principal 16,000$17KNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 19,000$17KNo change
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal 16,000$17KNo change
NUVASIVE INC (GMED 0.375 03/15/25) NOTE 0.375% 3/1 · principal 16,000$15KNo change
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 17,000$15KNo change
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal 24,000$15KNo change
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal 20,000$15KNo change
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 17,000$14KNo change
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 12,000$13KNo change
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 12,000$12KNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal 9,000$11KNo change
BLOCK INC (XYZ 0.125 03/01/25) NOTE 0.125% 3/0 · principal 8,000$8KNo change
EVERBRIDGE INC (EVBG 0.125 12/15/24) NOTE 0.125%12/1 · principal 6,000$6KNo change
SPIRIT AIRLINES INC (SAVE 1 05/15/26) NOTE 1.000% 5/1 · principal 10,000$5KNo change

Total filed on the 13F, all lines: $253.0M.

Portfolio Sells Q4 2023 → Q1 2024
FLRN SS SPDR BB Ig Float RT ETF Reduce -59.4% 0.12% −0.20
SPYG SS SPDR P S&P 500 Growth ETF Reduce -35.5% 0.25% −0.13
XYLD Global X S&P 500 Cove Call E Reduce -28.1% 0.27% −0.13
SCHP Schwab U.S. Tips ETF Reduce -39.2% 0.09% −0.08
FELG Fidelity Enh LRG Cap GWTH Sold out 0.00% −0.07
VNQ Vanguard Real Estate ETF Reduce -25.7% 0.12% −0.06
JPST JPMorgan Ultra-Short Income Reduce -39.7% 0.07% −0.06
SPEM State Street SP PTF Em ETF Reduce -50.8% 0.03% −0.04
QQQ Invesco QQQ Trust Series 1 Reduce -53.1% 0.03% −0.03
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -36.6% 0.04% −0.02
SPSB SS SPDR P St C Corp. ETF Reduce -39.4% 0.03% −0.02
MDT Medtronic PLC Reduce -76.9% 0.01% −0.02
VCSH Vanguard S/T Corp. Bond ETF Reduce -51.4% 0.01% −0.02
SBUX Starbucks Corp. Reduce -4.8% 0.07% −0.02
KO The Coca-Cola Co. Reduce -3.8% 0.11% −0.01
INTC Intel Corp. Reduce -2.9% 0.04% −0.01
DE Deere & Co. Reduce -2.4% 0.10% −0.01
SPIB SS SPDR P Int C Corp. ETF Reduce -11.8% 0.03% −0.01
SPYD SS SPDR P S&P 500 Hi Div ETF Reduce -0.6% 0.12% −0.01
SPYM Ste STR SPDR PT S&P 500 ETF Sold out 0.00% −0.01
CVS CVS Health Corp. Reduce -6.9% 0.04% −0.01
PDP Invesco Dorsey Wright Moment Sold out 0.00% −0.01
MDYV SS SPDR S&P 400 MC Val ETF Reduce -3.7% 0.06% −0.01
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -9.2% 0.05% −0.01
QJUN FT Vest Nasdaq-100 Buffer Et Sold out 0.00% −0.01
XDEC FT Vest US Equity Enhance & Sold out 0.00% −0.01
YMAR FT VT Int Equ M B- Mar-US I Sold out 0.00% −0.01
DGRW Wisdomtree U.S. Quality Divi Sold out 0.00% −0.01
FTHI Fthi/First Trust Exchange-TR Sold out 0.00% −0.01
REGL Prshrs S&P Mid 400 DVD Arist Sold out 0.00% −0.00
VZ Verizon Communications Inc. Reduce -15.4% 0.03% −0.00
VIG Vanguard Dividend Apprec ETF Sold out 0.00% −0.00
SHY iShares 1-3 Year Treasury Bo Sold out 0.00% −0.00
TIPX SS SPDR BB 1-10YR Tips ETF Sold out 0.00% −0.00
FSV Firstservice Corp. Reduce -60.2% 0.00% −0.00
HDV iShares Core High Dividend E Reduce -90.4% 0.00% −0.00
FV First Trust DW Focus 5 Fund Sold out 0.00% −0.00
F Ford Motor Co. Reduce -32.3% 0.01% −0.00
PSK SS SPDR Ice Pref Sec ETF Reduce -3.1% 0.03% −0.00
IYF iShares US Financials ETF Sold out 0.00% −0.00
FTXL First Trust Nasdaq Semicondu Sold out 0.00% −0.00
PPA Invesco Aerospace & Defense Sold out 0.00% −0.00
IYH iShares U.S. Healthcare ETF Sold out 0.00% −0.00
ITB iShares U.S. Home Constructi Sold out 0.00% −0.00
IFRA iShares US Infrastructure Sold out 0.00% −0.00
GOLDEN OCEAN GROUP LTD Sold out 0.00% −0.00
OEF iShares S&P 100 ETF Sold out 0.00% −0.00
XLY SS Consumer Disc Select Sect Sold out 0.00% −0.00
IYK iShares US Consumer Staples Sold out 0.00% −0.00
VLU SS SPDR S&P 1500 Value Tilt Sold out 0.00% −0.00

Portfolio Buys Q4 2023 → Q1 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +4.7% 6.76% +0.26
VOOG Vanguard S&P 500 Growth ETF Add +0.7% 9.91% +0.23
JEPI JPMorgan Equity Premium Inco Add +8.1% 5.63% +0.15
LII Lennox International Inc. New 0.10% +0.10
VYM Vanguard High DVD Yield ETF Add +2.9% 10.89% +0.09
BBAG JPMorgan Betabuilders US Agg Add +13.3% 8.00% +0.08
FNF Fidelity National Financial Add +1254.3% 0.08% +0.07
VOE Vngrd Mrngstr MD-Cap Val ETF Add +5.0% 3.41% +0.07
SPYV SS SPDR P S&P 500 Value ETF Add +14.4% 0.58% +0.06
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +4.2% 4.72% +0.05
LNT Alliant Energy Corp. New 0.05% +0.05
JNJ Johnson & Johnson Add +142.2% 0.09% +0.05
VTI VG Morningstar TS MKT ETF-US New 0.05% +0.05
APO Apollo Global Management Inc. Add +40.5% 0.10% +0.04
VWO Vanguard Ftse Emerging Marke Add +9.9% 3.61% +0.03
LW Lamb Weston Holdings Inc. New 0.03% +0.03
IAGG iShares Intl Aggregate Bond Add +36.4% 0.13% +0.03
CAG Conagra Brands Inc. New 0.02% +0.02
MMM 3M Co. Add +504.9% 0.03% +0.02
IJH iShares Core S&P Midcap ETF Add +39.0% 0.06% +0.02
VEA Vanguard Ftse Developed ETF Add +6.0% 6.41% +0.02
MSFT Microsoft Corp. Add +36.8% 0.05% +0.01
IJR iShares Core S&P Small-Cap E Add +32.8% 0.07% +0.01
PG The Procter & Gamble Co. Add +14.5% 0.09% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +13.8% 0.11% +0.01
USD Proshares Ultra Semiconduct New 0.01% +0.01
XOM Exxon Mobil Corp. Add +4.6% 0.12% +0.01
WMT Walmart Inc. Add +189.2% 0.02% +0.01
LOW Lowe's Cos Inc. Add +66.7% 0.02% +0.01
CGBL Cap Group Core Balanced New 0.01% +0.01
IHDG Wisdomtree International Hed New 0.01% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +3.5% 4.88% +0.01
PEP Pepsico Inc. Add +375.0% 0.01% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +3.9% 0.18% +0.01
FG F&G Annuities & Life Inc. Add +35400.0% 0.01% +0.01
ABT Abbott Laboratories Add +203.1% 0.01% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +4.0% 3.46% +0.01
TROW T Rowe Price Group Inc. Add +1000.0% 0.01% +0.01
APD Air Products & Chemicals Inc. Add +785.7% 0.01% +0.01
BP BP PLC-Spons ADR New 0.01% +0.01
TGT Target Corp. Add +19.7% 0.02% +0.00
PFE Pfizer Inc. Add +157.3% 0.01% +0.00
PYPL PayPal Holdings Inc. Add +205.0% 0.01% +0.00
GWW WW Grainger Inc. Add +333.3% 0.01% +0.00
MCD McDonald's Corp. Add +31.9% 0.03% +0.00
ABBV Abbvie Inc. Add +166.7% 0.01% +0.00
CASY Casey's General Stores Inc. Add +62.5% 0.01% +0.00
CAT Caterpillar Inc. Add +8.6% 0.02% +0.00
DOV Dover Corp. New 0.00% +0.00
BDX Becton Dickinson and Co. Add +375.0% 0.00% +0.00

Notes & Other Activity Q4 2023 → Q1 2024
HELIX ENERGY SOLUTIONS (HOS 6.75 02/15/26) NOTE 6.750% 2/1 · principal Sold out 15,000 $24Kbefore exit
EQT CORP (EQT 1.75 05/01/26) NOTE 1.750% 5/0 · principal Sold out 8,000 $21Kbefore exit
CONMED CORP (CNMD 2.625 02/01/24) NOTE 2.625% 2/0 · principal Sold out 12,000 $15Kbefore exit
SPLUNK INC (SPLK 1.125 09/15/25) NOTE 1.125% 9/1 · principal Sold out 9,000 $10Kbefore exit
LUMO Lumos Pharma Inc. COM New 0 $0

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2025 588$339.0MVYM, JPST, VOOG, VEA, SPY
Q1 2025 593$311.5MVYM, JPST, VOOG, SPY, VEA
Q4 2024 507$298.0MVYM, VOOG, VCIT, LQD, BBAG
Q3 2024 503$292.5MVYM, VOOG, VCIT, LQD, BBAG
Q2 2024 481$261.8MVOOG, VYM, BBAG, VCIT, LQD
Q1 2024 450$252.7MVYM, VOOG, BBAG, VCIT, LQD