Jim Saulnier & Associates, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Jim Saulnier & Associates, LLC reported 138 stock positions worth $192.9 million. Its top holding was iShares Core 60/40 Balanced (AOR) at 13.2% of the portfolio, followed by iShares Core 80/20 Aggressiv (AOA, 8.9%) and Vanguard 0-3M T-Bill ETF (VBIL, 5.5%). Compared with Q3 2025, it opened 12 new positions, sold out of 9, added to 54 and reduced 34. The biggest buy was iShares Core 60/40 Balanced (AOR, shares +34%) and the biggest sale Vanguard 0-3M T-Bill ETF (VBIL, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- FORT COLLINS, CO
- CIK
- 0002044420
- Portfolio Value
- $192.9M (Q4 2025)
- SEC Filing
- 0002044420-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 138 stocks · $192.9M
| AOR iShares Core 60/40 Balanced | 13.21% | 392,041 | $25.5M | Add +34.2% |
| AOA iShares Core 80/20 Aggressiv | 8.91% | 191,963 | $17.2M | Add +25.6% |
| VBIL Vanguard 0-3M T-Bill ETF | 5.55% | 141,880 | $10.7M | Reduce -35.2% |
| VEA Vanguard Ftse Developed ETF | 3.79% | 116,956 | $7.3M | Reduce -2.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.03% | 42,864 | $3.9M | Reduce -5.0% |
| PBJN Pgim S&P 500 Buffer 20-Jun | 2.03% | 130,924 | $3.9M | No change |
| PBJL Pgim S&P 500 Buffer 20-Jul | 1.98% | 127,411 | $3.8M | No change |
| ILCG iShares Morningstar Growth E | 1.79% | 33,257 | $3.5M | Reduce -1.6% |
| ILCV iShares Morningstar Value Et | 1.75% | 35,786 | $3.4M | Reduce -1.3% |
| ILCB iShares Morningstar U.S. Equ | 1.75% | 35,692 | $3.4M | Reduce -1.1% |
| PBNV Pgim S&P 500 Buffer 20-Nov | 1.71% | 112,057 | $3.3M | Add +332.1% |
| SPEM State Street SP PTF Em ETF | 1.60% | 65,819 | $3.1M | Reduce -4.2% |
| GVI iShares Intermediate Governm | 1.56% | 28,067 | $3.0M | Reduce -0.7% |
| PBMY Pgim S&P 500 Buffer 20-May | 1.55% | 99,405 | $3.0M | No change |
| BIV Vanguard Intermediate-Term B | 1.53% | 37,947 | $3.0M | Reduce -3.1% |
| PBAU Pgim S&P 500 Buffer 20-Aug | 1.50% | 96,541 | $2.9M | No change |
| MMAX iShares Larg CM Buff Mar ETF | 1.38% | 101,581 | $2.7M | Add +1.3% |
| IBTI iShares Ibonds Dec 2028 Term | 1.34% | 115,801 | $2.6M | Add +8.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.30% | 7,473 | $2.5M | Reduce -12.3% |
| AOM iShares Core 40/60 Moderate | 1.18% | 47,767 | $2.3M | Add +42.2% |
| PBMR Pgim S&P 500 Buffer 20-Mar | 1.15% | 72,719 | $2.2M | Reduce -3.8% |
| IBTH iShares Ibonds Dec 2027 Term | 1.13% | 97,378 | $2.2M | Add +1.3% |
| SGOV iShares 0-3 Month Treasury B | 1.13% | 21,696 | $2.2M | Reduce -0.8% |
| IMCV iShares Morningstar Mid-Cap | 1.08% | 25,299 | $2.1M | Add +1.0% |
| BND Vanguard Total Bond Market | 0.95% | 24,870 | $1.8M | Add +23.6% |
| PBAP Pgim S&P 500 Buffer 20-Apr | 0.91% | 60,434 | $1.8M | Reduce -2.4% |
| PBSE Pgim S&P 500 Buffer 20-Sep | 0.85% | 55,826 | $1.6M | No change |
| VOO Vanguard S&P 500 ETF | 0.84% | 2,599 | $1.6M | Add +0.7% |
| AAPL Apple Inc. | 0.80% | 5,686 | $1.5M | Add +16.4% |
| VONE Vanguard Russell 1000 | 0.78% | 4,858 | $1.5M | Add +18.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.77% | 33,256 | $1.5M | Add +20.5% |
| PBFB Pgim S&P 500 Buffer 20-Feb | 0.76% | 48,286 | $1.5M | Reduce -0.7% |
| IMCG iShares Morningstar Mid-Cap | 0.74% | 17,877 | $1.4M | Reduce -0.0% |
| IMCB iShares Morningstar Mid-Cap | 0.72% | 16,797 | $1.4M | Add +1.3% |
| IVV iShares Core S&P 500 ETF | 0.71% | 1,989 | $1.4M | Add +4.5% |
| CPNJ Calamos NSDQ100 Alt ETF | 0.69% | 49,128 | $1.3M | Reduce -3.8% |
| PBOC Pgim S&P 500 Buffer 20-Oct | 0.68% | 45,254 | $1.3M | Add +47.0% |
| PBJA Pgim S&P 500 Buffer 20-Jan | 0.66% | 41,401 | $1.3M | Add +9.4% |
| FEBW Alianzim US Eq BFR20 Feb-Usd | 0.63% | 36,049 | $1.2M | No change |
| JULT All US Equ BUF10 Jul ETF-Usd | 0.63% | 26,872 | $1.2M | No change |
| IBIJ Ishrs Ibnds Oct 2033 TRM | 0.62% | 46,126 | $1.2M | Add +2.0% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.61% | 17,366 | $1.2M | Add +1.0% |
| PBDE Pgim S&P 500 Buffer 20-Dec | 0.61% | 39,721 | $1.2M | Add +79.4% |
| CPNS Calamos NSDQ 100 Alt Sept | 0.59% | 42,088 | $1.1M | Reduce -1.1% |
| CPSN Cal S&P 500 Sr At PR ETF - N | 0.59% | 42,074 | $1.1M | Reduce -16.3% |
| PMDE Pgim S&P 500 M Buff ETF Dec | 0.54% | 41,665 | $1.0M | New |
| IBTG iShares Ibonds Dec 2026 Term | 0.53% | 45,089 | $1.0M | Reduce -2.3% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.52% | 45,624 | $1.0M | Add +36.3% |
| CPRJ Calamos Russ 2000 STR Al-Jul | 0.52% | 37,159 | $995K | No change |
| APRW Allinzim US Eq BFR20 Apr-Usd | 0.51% | 28,170 | $982K | No change |
| SMAX iShares L Cap MB Sep ETF | 0.51% | 36,141 | $974K | Reduce -0.7% |
| BSV Vanguard Short-Term Bond ETF | 0.50% | 12,242 | $965K | Add +0.6% |
| CPNM Class ND 100 St At PR ETF - Mar | 0.50% | 36,754 | $956K | No change |
| MSFT Microsoft Corp. | 0.46% | 1,840 | $890K | Reduce -6.9% |
| IBIE iShares Ibonds Oct 2028 TT | 0.45% | 33,763 | $877K | Add +24.5% |
| PMNV Pgim S&P 500 MX Bu ETF - Nov | 0.43% | 32,671 | $822K | New |
| PMMY Pgim S&P 500 Max Buf ETF May | 0.38% | 27,749 | $727K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.38% | 13,518 | $727K | Add +16.7% |
| IBIF iShares Ibonds Oct 2029 TT | 0.37% | 27,584 | $718K | Add +37.5% |
| VNQ Vanguard Real Estate ETF | 0.37% | 8,094 | $716K | Add +8.5% |
| ISCV iShares Morningstar Small-Ca | 0.36% | 10,064 | $689K | Add +3.2% |
| DAPR FT Vest U.S. Equity Deep Buf | 0.35% | 17,303 | $681K | No change |
| CPNQ Cal Nasdaq 100 St Alt PR | 0.35% | 25,481 | $677K | Add +123.0% |
| ISCB iShares Morningstar SM Cap | 0.34% | 10,153 | $660K | Add +0.7% |
| MARW Alianzim US Eq BFR20 Mar-Usd | 0.34% | 19,190 | $659K | No change |
| CPSY Calamos S&P 500 Sap ETF Jan | 0.34% | 25,796 | $647K | No change |
| JUNW Alianzim US Eq BFR20 Jun-Usd | 0.34% | 19,376 | $647K | No change |
| MUB iShares National Muni Bond E | 0.32% | 5,830 | $624K | Reduce -0.2% |
| NVBW Alnzim US Eqt BFR2 No Et-Usd | 0.32% | 18,344 | $621K | Add +177.6% |
| CPSF Calms S&P 500 S PR ETF - Feb | 0.31% | 23,714 | $607K | No change |
| IBIG iShares Ibonds Oct 2030 TT | 0.31% | 23,269 | $606K | Add +31.9% |
| IWF iShares Russell 1000 Growth | 0.31% | 1,261 | $597K | Reduce -35.2% |
| DMAY FT Vest US Equity Deep Buffe | 0.31% | 13,131 | $594K | No change |
| PMSE Pgim S&P 500 MF ETF - Sep | 0.30% | 22,812 | $582K | No change |
| AMZN Amazon.com Inc. | 0.29% | 2,440 | $563K | Reduce -19.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 2,824 | $539K | Add +13.0% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.28% | 27,094 | $538K | Add +59.7% |
| MAYW Alianzim US Eq BFR20 May-Usd | 0.28% | 15,889 | $533K | No change |
| SCHF Schwab Intl Equity ETF | 0.27% | 22,031 | $530K | Reduce -31.6% |
| IVW iShares S&P 500 Growth ETF | 0.26% | 4,093 | $505K | Add +0.1% |
| SCHD Schwab US DVD Equity ETF | 0.26% | 18,349 | $503K | New |
| NVDA Nvidia Corp. | 0.26% | 2,662 | $496K | No change |
| PMAU Pgim S&P 500 MB ETF-Aug | 0.26% | 19,202 | $495K | No change |
| DFEB FT Vest U.S. Equity Deep Buf | 0.25% | 10,014 | $478K | No change |
| STPZ PIMCO 1-5 Year US Tips Index | 0.24% | 8,622 | $463K | Reduce -1.0% |
| IBTL iShares Ibonds Dec 2031 Term | 0.23% | 21,615 | $444K | Add +74.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 640 | $436K | Add +26.0% |
| ZJUL Innovator Edp ETF 1 YR July | 0.22% | 14,495 | $421K | No change |
| BLV Vanguard Long-Term Bond ETF | 0.22% | 6,050 | $421K | Reduce -2.6% |
| DMAR FT Vest US Equity Deep Buffe | 0.22% | 10,018 | $417K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.21% | 1,948 | $413K | New |
| IBMP iShares Ibonds Dec 2027 Term | 0.21% | 16,228 | $412K | Add +0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.21% | 1,571 | $405K | Add +0.7% |
| NVBT All US Equ BUF10 Nov ETF-Usd | 0.21% | 10,739 | $396K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.20% | 1,356 | $394K | Add +20.4% |
| DJAN FT Vest U.S. Equity Deep Buf | 0.19% | 8,492 | $369K | No change |
| SEPT All US Equ BUF10 Sep ETF-Usd | 0.19% | 10,427 | $367K | No change |
| IBIH iShares Ibonds Oct 2031 TT | 0.19% | 14,065 | $366K | New |
| JPM JPMorgan Chase & Co. | 0.19% | 1,117 | $360K | Add +0.2% |
| IBMQ iShares Ibonds Dec 2028 Muni | 0.18% | 13,806 | $353K | Add +0.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $10K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 10,000 | $10K | New |
Total filed on the 13F, all lines: $192.9M.
Portfolio Sells Q3 2025 → Q4 2025
| VBIL Vanguard 0-3M T-Bill ETF | Reduce -35.2% | 5.55% | −3.68 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -5.0% | 2.03% | −0.28 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -12.3% | 1.30% | −0.26 |
| IBIB iShares Ibonds Oct 2025 TT | Sold out | 0.00% | −0.26 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.7% | 3.79% | −0.23 |
| IWF iShares Russell 1000 Growth | Reduce -35.2% | 0.31% | −0.20 |
| SPEM State Street SP PTF Em ETF | Reduce -4.2% | 1.60% | −0.20 |
| BIV Vanguard Intermediate-Term B | Reduce -3.1% | 1.53% | −0.17 |
| ILCG iShares Morningstar Growth E | Reduce -1.6% | 1.79% | −0.17 |
| DECW Alianzim US Eq BFR20 Dec-Usd | Sold out | 0.00% | −0.17 |
| IYJ iShares U.S. Industrials ETF | Sold out | 0.00% | −0.17 |
| SCHM Schwab US Mid Cap ETF | Sold out | 0.00% | −0.16 |
| CPSN Cal S&P 500 Sr At PR ETF - N | Reduce -16.3% | 0.59% | −0.16 |
| IYK iShares US Consumer Staples | Sold out | 0.00% | −0.14 |
| SCHF Schwab Intl Equity ETF | Reduce -31.6% | 0.27% | −0.14 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.14 |
| IYC iShares US Consumer Discreti | Sold out | 0.00% | −0.14 |
| SCHX Schwab US Large-Cap ETF | Reduce -46.1% | 0.14% | −0.13 |
| GVI iShares Intermediate Governm | Reduce -0.7% | 1.56% | −0.13 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.13 |
| IWP iShares Russell Mid-Cap Grow | Reduce -38.0% | 0.15% | −0.12 |
| ILCB iShares Morningstar U.S. Equ | Reduce -1.1% | 1.75% | −0.11 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.11 |
| MSFT Microsoft Corp. | Reduce -6.9% | 0.46% | −0.11 |
| PBMR Pgim S&P 500 Buffer 20-Mar | Reduce -3.8% | 1.15% | −0.11 |
| VGT Vanguard Info Tech ETF | Reduce -36.2% | 0.16% | −0.11 |
| SGOV iShares 0-3 Month Treasury B | Reduce -0.8% | 1.13% | −0.10 |
| DJUN FT Vest US Equity Deep Buffe | Reduce -30.1% | 0.17% | −0.09 |
| IMCG iShares Morningstar Mid-Cap | Reduce -0.0% | 0.74% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -19.0% | 0.29% | −0.08 |
| PBAP Pgim S&P 500 Buffer 20-Apr | Reduce -2.4% | 0.91% | −0.07 |
| CPNJ Calamos NSDQ100 Alt ETF | Reduce -3.8% | 0.69% | −0.07 |
| ILCV iShares Morningstar Value Et | Reduce -1.3% | 1.75% | −0.07 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -2.3% | 0.53% | −0.06 |
| CPNS Calamos NSDQ 100 Alt Sept | Reduce -1.1% | 0.59% | −0.05 |
| PBFB Pgim S&P 500 Buffer 20-Feb | Reduce -0.7% | 0.76% | −0.04 |
| SMAX iShares L Cap MB Sep ETF | Reduce -0.7% | 0.51% | −0.04 |
| IBIC iShares Ibonds Oct 2026 TT | Reduce -11.4% | 0.15% | −0.03 |
| BLV Vanguard Long-Term Bond ETF | Reduce -2.6% | 0.22% | −0.03 |
| STPZ PIMCO 1-5 Year US Tips Index | Reduce -1.0% | 0.24% | −0.02 |
| MUB iShares National Muni Bond E | Reduce -0.2% | 0.32% | −0.02 |
| RWO State Street SPDR Dow Jones | Reduce -3.6% | 0.15% | −0.02 |
| XLK SS Technology Select Sector | Reduce -8.3% | 0.11% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| AOR iShares Core 60/40 Balanced | Add +34.2% | 13.21% | +2.73 |
| AOA iShares Core 80/20 Aggressiv | Add +25.6% | 8.91% | +1.40 |
| PBNV Pgim S&P 500 Buffer 20-Nov | Add +332.1% | 1.71% | +1.29 |
| PMDE Pgim S&P 500 M Buff ETF Dec | New | 0.54% | +0.54 |
| PMNV Pgim S&P 500 MX Bu ETF - Nov | New | 0.43% | +0.43 |
| AOM iShares Core 40/60 Moderate | Add +42.2% | 1.18% | +0.29 |
| SCHD Schwab US DVD Equity ETF | New | 0.26% | +0.26 |
| PBDE Pgim S&P 500 Buffer 20-Dec | Add +79.4% | 0.61% | +0.25 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.21% | +0.21 |
| NVBW Alnzim US Eqt BFR2 No Et-Usd | Add +177.6% | 0.32% | +0.20 |
| PBOC Pgim S&P 500 Buffer 20-Oct | Add +47.0% | 0.68% | +0.19 |
| IBIH iShares Ibonds Oct 2031 TT | New | 0.19% | +0.19 |
| CPNQ Cal Nasdaq 100 St Alt PR | Add +123.0% | 0.35% | +0.18 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.15% | +0.15 |
| LLY Eli Lilly & Co. | New | 0.13% | +0.13 |
| SCHA Schwab US Small-Cap ETF | New | 0.13% | +0.13 |
| DOCT FT Vest U.S. Equity Deep Buf | New | 0.13% | +0.13 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.12% | +0.12 |
| BND Vanguard Total Bond Market | Add +23.6% | 0.95% | +0.12 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.12% | +0.12 |
| FITB Fifth Third Bancorp | New | 0.12% | +0.12 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +36.3% | 0.52% | +0.11 |
| AAPL Apple Inc. | Add +16.4% | 0.80% | +0.11 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +20.5% | 0.77% | +0.11 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +59.7% | 0.28% | +0.09 |
| VONE Vanguard Russell 1000 | Add +18.8% | 0.78% | +0.09 |
| IBTL iShares Ibonds Dec 2031 Term | Add +74.1% | 0.23% | +0.09 |
| IBIF iShares Ibonds Oct 2029 TT | Add +37.5% | 0.37% | +0.08 |
| IBIE iShares Ibonds Oct 2028 TT | Add +24.5% | 0.45% | +0.05 |
| IBIG iShares Ibonds Oct 2030 TT | Add +31.9% | 0.31% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +26.0% | 0.23% | +0.04 |
| PBJA Pgim S&P 500 Buffer 20-Jan | Add +9.4% | 0.66% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +16.7% | 0.38% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +20.4% | 0.20% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +13.0% | 0.28% | +0.02 |
| BNDX Vanguard Total Intl Bond ETF | Add +19.4% | 0.13% | +0.01 |
| IBTI iShares Ibonds Dec 2028 Term | Add +8.2% | 1.34% | +0.01 |
| VHT Vanguard Health Care ETF | Add +0.3% | 0.14% | +0.00 |
| ISCG iShares Morningstar Small-Ca | Add +7.2% | 0.15% | +0.00 |
| IBID iShares Ibonds Oct 2027 TT | Add +8.7% | 0.17% | −0.00 |
| IVV iShares Core S&P 500 ETF | Add +4.5% | 0.71% | −0.00 |
| ISCV iShares Morningstar Small-Ca | Add +3.2% | 0.36% | −0.00 |
| RPV Invesco S&P 500 Pure Value E | Add +0.5% | 0.17% | −0.00 |
| SLYV SS SPDR S&P 600 SC Val ETF | Add +0.6% | 0.12% | −0.00 |
| VXUS Vanguard Total Intl Stock | Add +1.0% | 0.14% | −0.01 |
| AVUV Avantis US Small Cap Value | Add +0.3% | 0.12% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Add +2.2% | 0.14% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Add +1.0% | 0.11% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +0.8% | 0.14% | −0.01 |
| VNQ Vanguard Real Estate ETF | Add +8.5% | 0.37% | −0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | New | 10,000 | $10K |
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 | 152 | $248.6M | AOR, AOA, VBIL, VEA, BND |
| Q1 2026 | 139 | $205.5M | AOR, AOA, VBIL, VEA, VTI |
| Q4 2025 | 138 | $192.9M | AOR, AOA, VBIL, VEA, BIL |
| Q3 2025 | 135 | $179.4M | AOR, VBIL, AOA, VEA, BIL |
| Q2 2025 | 113 | $146.6M | AOR, AOA, VEA, VBIL, BIL |
| Q1 2025 | 101 | $128.5M | AOR, AOA, VEA, BIL, SGOV |
| Q4 2024 | 93 | $115.8M | BIL, AOR, VEA, AOA, SGOV |
| Q3 2024 | 83 | $102.3M | BIL, AOR, VEA, AOA, BIV |