Joule Financial, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 11, 2025), Joule Financial, LLC reported 103 stock positions worth $284.9 million. Its top holding was Vanguard Total Bond Market (BND) at 21.1% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 13.2%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 9.1%). Compared with Q4 2024, it opened 6 new positions, sold out of 11, added to 59 and reduced 28. The biggest buy was Vanguard Total Bond Market (BND, shares +3%) and the biggest sale SPDR Gold Shares (GLD, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- Lexington, KY
- CIK
- 0001929070
- Portfolio Value
- $284.9M (Q1 2025)
- SEC Filing
- 0001172661-25-001487 ↗ filed Apr 11, 2025
Holdings Value
Holdings 103 stocks · $284.9M
| BND Vanguard Total Bond Market | 21.11% | 818,858 | $60.1M | Add +3.0% |
| RSP Invesco S&P 500 Equal Weight | 13.21% | 217,207 | $37.6M | Add +1.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 9.06% | 237,617 | $25.8M | Add +3.5% |
| SCHD Schwab US DVD Equity ETF | 7.33% | 746,769 | $20.9M | Add +2.0% |
| IEF iShares 7-10 Year Treasury B | 5.63% | 168,310 | $16.1M | Add +2.6% |
| SCHA Schwab US Small-Cap ETF | 5.42% | 659,619 | $15.5M | Reduce -1.2% |
| VEA Vanguard Ftse Developed ETF | 2.46% | 137,616 | $7.0M | Add +2.0% |
| VWO Vanguard Ftse Emerging Marke | 2.35% | 147,655 | $6.7M | Add +2.4% |
| GLD SPDR Gold Shares | 2.27% | 22,437 | $6.5M | Reduce -47.3% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 1.59% | 164,717 | $4.5M | Add +5.5% |
| VGT Vanguard Info Tech ETF | 1.45% | 7,613 | $4.1M | Add +102.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.24% | 7,553 | $3.5M | Add +1.1% |
| VDC Vanguard Consumer Staple ETF | 1.13% | 14,721 | $3.2M | Add +9.2% |
| VFH Vanguard Financials ETF | 1.05% | 25,026 | $3.0M | Reduce -0.1% |
| TLT iShares 20+ Year Treasury BD | 1.01% | 31,670 | $2.9M | Add +2.0% |
| VOX Vanguard Communication Servi | 0.99% | 18,953 | $2.8M | Add +0.6% |
| XLE SS Energy Select Sector | 0.98% | 29,870 | $2.8M | Add +10.4% |
| VHT Vanguard Health Care ETF | 0.94% | 10,127 | $2.7M | Add +10.3% |
| VIS Vanguard Industrials ETF | 0.90% | 10,362 | $2.6M | Add +0.9% |
| VPU Vanguard Utilities ETF | 0.84% | 14,041 | $2.4M | Add +10.1% |
| VCR Vanguard Consumer Discre ETF | 0.77% | 6,721 | $2.2M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.77% | 14,133 | $2.2M | Add +8.5% |
| XOM Exxon Mobil Corp. | 0.73% | 17,438 | $2.1M | Add +6.7% |
| TSLA Tesla Inc. | 0.69% | 7,587 | $2.0M | Reduce -0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.66% | 7,514 | $1.9M | Reduce -0.7% |
| GDX Vaneck Gold Miners ETF | 0.62% | 38,491 | $1.8M | Reduce -17.5% |
| CSCO Cisco Systems Inc. | 0.51% | 23,457 | $1.4M | Add +16.3% |
| GPC Genuine Parts Co. | 0.46% | 10,945 | $1.3M | No change |
| AAPL Apple Inc. | 0.46% | 5,850 | $1.3M | Add +75.0% |
| MU Micron Technology Inc. | 0.42% | 13,854 | $1.2M | Add +150.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.42% | 12,106 | $1.2M | Add +6.3% |
| IVV iShares Core S&P 500 ETF | 0.39% | 1,988 | $1.1M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.39% | 8,310 | $1.1M | Add +6.4% |
| SCHX Schwab US Large-Cap ETF | 0.38% | 48,484 | $1.1M | Reduce -0.5% |
| SCHV Schwab US Large-Cap Value | 0.37% | 39,406 | $1.0M | Add +6.5% |
| PRU Prudential Financial Inc. | 0.36% | 9,073 | $1.0M | Add +8.0% |
| PG The Procter & Gamble Co. | 0.35% | 5,837 | $995K | Reduce -0.1% |
| CCJ Cameco Corp. | 0.34% | 23,501 | $967K | Reduce -2.8% |
| SCHB Schwab US Broad Market ETF | 0.33% | 43,245 | $931K | Add +2.9% |
| JPM JPMorgan Chase & Co. | 0.31% | 3,625 | $889K | Add +0.7% |
| MSFT Microsoft Corp. | 0.31% | 2,339 | $878K | Reduce -10.5% |
| PAYS Paysign Inc. | 0.30% | 404,019 | $857K | Add +0.8% |
| DE Deere & Co. | 0.29% | 1,731 | $812K | Add +0.2% |
| KR Kroger Co. | 0.27% | 11,350 | $768K | Add +6.1% |
| AMZN Amazon.com Inc. | 0.26% | 3,910 | $744K | Reduce -4.1% |
| SNOW Snowflake Inc. | 0.25% | 4,904 | $717K | Add +61.8% |
| VAW Vanguard Materials ETF | 0.25% | 3,738 | $706K | Add +9.7% |
| KVUE Kenvue Inc. | 0.24% | 28,970 | $695K | Add +18.4% |
| MOS The Mosaic Co. | 0.24% | 25,331 | $684K | New |
| SCHM Schwab US Mid Cap ETF | 0.23% | 24,759 | $649K | Add +0.7% |
| ROKU Roku Inc. | 0.22% | 8,955 | $631K | New |
| CMI Cummins Inc. | 0.22% | 2,009 | $630K | Reduce -0.9% |
| CIEN Ciena Corp. | 0.22% | 10,390 | $628K | New |
| SPGI S&P Global Inc. | 0.22% | 1,233 | $626K | No change |
| BE Bloom Energy Corp. Class A | 0.22% | 31,249 | $614K | Add +99.7% |
| SCHI Schwab 5-10 Year Corporate B | 0.20% | 25,325 | $569K | Reduce -1.0% |
| SCHF Schwab Intl Equity ETF | 0.19% | 27,949 | $553K | Add +0.7% |
| CVX Chevron Corp. | 0.19% | 3,289 | $550K | Add +1.1% |
| TXN Texas Instruments Inc. | 0.19% | 3,010 | $541K | Add +2.6% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.19% | 6,889 | $538K | New |
| OXY Occidental Petroleum Corp. | 0.18% | 10,244 | $506K | Add +6.8% |
| EMR Emerson Electric Co. | 0.18% | 4,562 | $500K | Reduce -1.2% |
| ABBV Abbvie Inc. | 0.17% | 2,285 | $479K | Add +35.5% |
| META Meta Platforms Inc. Class A | 0.15% | 757 | $437K | Add +2.0% |
| RTX RTX Corp. | 0.15% | 3,258 | $432K | Add +0.1% |
| GRMN Garmin Ltd. | 0.15% | 1,931 | $419K | Add +0.1% |
| MET Metlife Inc. | 0.15% | 5,214 | $419K | Reduce -1.0% |
| PEP Pepsico Inc. | 0.15% | 2,783 | $417K | Reduce -1.3% |
| UNP Union Pacific Corp. | 0.15% | 1,765 | $417K | No change |
| SCHO Schwab Short-Term US Treas | 0.14% | 16,862 | $410K | Add +23.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.14% | 17,658 | $409K | Reduce -0.8% |
| JNJ Johnson & Johnson | 0.14% | 2,391 | $397K | Add +4.1% |
| CAT Caterpillar Inc. | 0.13% | 1,156 | $381K | Add +0.2% |
| OKLO Oklo Inc. | 0.13% | 17,446 | $377K | Reduce -81.1% |
| KO The Coca-Cola Co. | 0.13% | 5,186 | $374K | Add +1.3% |
| ETN Eaton Corp. PLC | 0.12% | 1,272 | $346K | No change |
| MRK Merck & Co. Inc. | 0.12% | 3,666 | $329K | Reduce -0.8% |
| FAST Fastenal Co. | 0.11% | 4,194 | $325K | Add +0.1% |
| SYBT Stock Yards Bancorp Inc. | 0.11% | 4,643 | $322K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.10% | 1,073 | $295K | Add +4.8% |
| DUK Duke Energy Corp. | 0.10% | 2,394 | $292K | Add +2.1% |
| V Visa Inc. Class A | 0.10% | 799 | $280K | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.10% | 517 | $275K | Add +3.6% |
| GIS General Mills Inc. | 0.10% | 4,577 | $274K | Reduce -0.7% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.09% | 2,944 | $270K | Reduce -1.4% |
| FITB Fifth Third Bancorp | 0.09% | 6,872 | $269K | Add +0.1% |
| MCD McDonald's Corp. | 0.09% | 850 | $266K | Reduce -0.1% |
| UPS United Parcel Service Class B | 0.09% | 2,409 | $265K | Reduce -8.0% |
| LLY Eli Lilly & Co. | 0.09% | 312 | $258K | Add +8.3% |
| VOO Vanguard S&P 500 ETF | 0.09% | 498 | $256K | No change |
| NVDA Nvidia Corp. | 0.09% | 2,263 | $245K | Add +14.2% |
| AFL Aflac Inc. | 0.08% | 2,157 | $240K | No change |
| AAAU Goldman Sachs Physical Gold | 0.08% | 7,743 | $239K | New |
| LOW Lowe's Cos Inc. | 0.08% | 1,016 | $237K | Add +0.1% |
| HD Home Depot Inc. | 0.08% | 594 | $218K | No change |
| PAYX Paychex Inc. | 0.08% | 1,401 | $216K | New |
| PFE Pfizer Inc. | 0.07% | 8,435 | $214K | Reduce -0.3% |
| K Kellanova | 0.07% | 2,569 | $212K | Reduce -3.9% |
| SNA Snap-on Inc. | 0.07% | 616 | $208K | Add +3.4% |
| WMT Walmart Inc. | 0.07% | 2,344 | $206K | Reduce -0.4% |
Portfolio Sells Q4 2024 → Q1 2025
| GLD SPDR Gold Shares | Reduce -47.3% | 2.27% | −1.37 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.2% | 5.42% | −0.68 |
| OKLO Oklo Inc. | Reduce -81.1% | 0.13% | −0.56 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.50 |
| TSLA Tesla Inc. | Reduce -0.8% | 0.69% | −0.40 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.26 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.20 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.19 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.11 |
| CCJ Cameco Corp. | Reduce -2.8% | 0.34% | −0.10 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.09 |
| MSFT Microsoft Corp. | Reduce -10.5% | 0.31% | −0.08 |
| GME Gamestop Corp. Class A | Sold out | 0.00% | −0.08 |
| TGT Target Corp. | Sold out | 0.00% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.08 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.07 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -4.1% | 0.26% | −0.06 |
| CMI Cummins Inc. | Reduce -0.9% | 0.22% | −0.03 |
| EMR Emerson Electric Co. | Reduce -1.2% | 0.18% | −0.03 |
| TROW T Rowe Price Group Inc. | Reduce -1.4% | 0.09% | −0.02 |
| UPS United Parcel Service Class B | Reduce -8.0% | 0.09% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.5% | 0.38% | −0.02 |
| PGX Invesco Preferred ETF | Reduce -29.7% | 0.05% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -0.8% | 0.12% | −0.01 |
| GIS General Mills Inc. | Reduce -0.7% | 0.10% | −0.01 |
| MET Metlife Inc. | Reduce -1.0% | 0.15% | −0.01 |
| PEP Pepsico Inc. | Reduce -1.3% | 0.15% | −0.01 |
| PFE Pfizer Inc. | Reduce -0.3% | 0.07% | −0.00 |
| WMT Walmart Inc. | Reduce -0.4% | 0.07% | −0.00 |
| K Kellanova | Reduce -3.9% | 0.07% | −0.00 |
| SCHI Schwab 5-10 Year Corporate B | Reduce -1.0% | 0.20% | 0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -0.8% | 0.14% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 0.35% | +0.00 |
| VFH Vanguard Financials ETF | Reduce -0.1% | 1.05% | +0.00 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.09% | +0.01 |
| V Visa Inc. Class A | Reduce -1.2% | 0.10% | +0.01 |
| GDX Vaneck Gold Miners ETF | Reduce -17.5% | 0.62% | +0.06 |
| IBM Intl Business Machines Corp. | Reduce -0.7% | 0.66% | +0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| BND Vanguard Total Bond Market | Add +3.0% | 21.11% | +0.90 |
| VGT Vanguard Info Tech ETF | Add +102.4% | 1.45% | +0.62 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +3.5% | 9.06% | +0.39 |
| IEF iShares 7-10 Year Treasury B | Add +2.6% | 5.63% | +0.27 |
| MU Micron Technology Inc. | Add +150.0% | 0.42% | +0.26 |
| SCHD Schwab US DVD Equity ETF | Add +2.0% | 7.33% | +0.25 |
| MOS The Mosaic Co. | New | 0.24% | +0.24 |
| ROKU Roku Inc. | New | 0.22% | +0.22 |
| CIEN Ciena Corp. | New | 0.22% | +0.22 |
| CF CF Industries Holdings Inc. | New | 0.19% | +0.19 |
| VEA Vanguard Ftse Developed ETF | Add +2.0% | 2.46% | +0.17 |
| XLE SS Energy Select Sector | Add +10.4% | 0.98% | +0.16 |
| AAPL Apple Inc. | Add +75.0% | 0.46% | +0.16 |
| BABA Alibaba Group Holding-SP ADR | Add +6.4% | 0.39% | +0.15 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +5.5% | 1.59% | +0.12 |
| VDC Vanguard Consumer Staple ETF | Add +9.2% | 1.13% | +0.12 |
| VHT Vanguard Health Care ETF | Add +10.3% | 0.94% | +0.12 |
| XOM Exxon Mobil Corp. | Add +6.7% | 0.73% | +0.11 |
| VPU Vanguard Utilities ETF | Add +10.1% | 0.84% | +0.11 |
| VWO Vanguard Ftse Emerging Marke | Add +2.4% | 2.35% | +0.10 |
| BE Bloom Energy Corp. Class A | Add +99.7% | 0.22% | +0.09 |
| SNOW Snowflake Inc. | Add +61.8% | 0.25% | +0.09 |
| CSCO Cisco Systems Inc. | Add +16.3% | 0.51% | +0.09 |
| AAAU Goldman Sachs Physical Gold | New | 0.08% | +0.08 |
| PAYX Paychex Inc. | New | 0.08% | +0.08 |
| ABBV Abbvie Inc. | Add +35.5% | 0.17% | +0.06 |
| KVUE Kenvue Inc. | Add +18.4% | 0.24% | +0.06 |
| TLT iShares 20+ Year Treasury BD | Add +2.0% | 1.01% | +0.05 |
| KR Kroger Co. | Add +6.1% | 0.27% | +0.04 |
| SCHO Schwab Short-Term US Treas | Add +23.1% | 0.14% | +0.03 |
| SCHV Schwab US Large-Cap Value | Add +6.5% | 0.37% | +0.03 |
| CVX Chevron Corp. | Add +1.1% | 0.19% | +0.03 |
| DE Deere & Co. | Add +0.2% | 0.29% | +0.03 |
| JNJ Johnson & Johnson | Add +4.1% | 0.14% | +0.02 |
| VAW Vanguard Materials ETF | Add +9.7% | 0.25% | +0.02 |
| KO The Coca-Cola Co. | Add +1.3% | 0.13% | +0.02 |
| RTX RTX Corp. | Add +0.1% | 0.15% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.6% | 0.10% | +0.02 |
| DUK Duke Energy Corp. | Add +2.1% | 0.10% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +0.7% | 0.19% | +0.01 |
| LLY Eli Lilly & Co. | Add +8.3% | 0.09% | +0.01 |
| OXFORD LANE CAP CORP | Add +42.7% | 0.04% | +0.01 |
| OXY Occidental Petroleum Corp. | Add +6.8% | 0.18% | +0.01 |
| FAST Fastenal Co. | Add +0.1% | 0.11% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 0.31% | +0.01 |
| GRMN Garmin Ltd. | Add +0.1% | 0.15% | +0.01 |
| PRU Prudential Financial Inc. | Add +8.0% | 0.36% | +0.00 |
| SNA Snap-on Inc. | Add +3.4% | 0.07% | +0.00 |
| META Meta Platforms Inc. Class A | Add +2.0% | 0.15% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +4.8% | 0.10% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 116 | $368.8M | BND, RSP, IEF, LQD, SCHA |
| Q1 2026 | 114 | $343.3M | BND, RSP, IEF, LQD, SCHD |
| Q4 2025 | 109 | $333.8M | BND, RSP, LQD, IEF, SCHA |
| Q3 2025 | 114 | $333.8M | BND, RSP, LQD, IEF, SCHA |
| Q2 2025 | 108 | $308.0M | BND, RSP, LQD, SCHA, SCHD |
| Q1 2025 | 103 | $284.9M | BND, RSP, LQD, SCHD, IEF |
| Q4 2024 | 108 | $282.9M | BND, RSP, LQD, SCHD, SCHA |
| Q3 2024 | 107 | $274.8M | BND, RSP, LQD, SCHD, SCHA |
| Q2 2024Amended | 102 | $246.0M | BND, RSP, LQD, SCHD, SCHA |
| Q1 2024Amended | 106 | $242.8M | BND, RSP, LQD, SCHD, SCHA |