Joule Financial, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), Joule Financial, LLC reported 108 stock positions worth $308.0 million. Its top holding was Vanguard Total Bond Market (BND) at 20.0% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 13.0%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 8.6%). Compared with Q1 2025, it opened 15 new positions, sold out of 10, added to 50 and reduced 35. The biggest buy was Schwab US Small-Cap ETF (SCHA, shares +24%) and the biggest sale an exit from Vaneck Gold Miners ETF (GDX).
- Most Recent 13F
- Q2 2026
- Location
- Lexington, KY
- CIK
- 0001929070
- Portfolio Value
- $308.0M (Q2 2025)
- SEC Filing
- 0001172661-25-002679 ↗ filed Jul 22, 2025
Holdings Value
Holdings 108 stocks · $308.0M
| BND Vanguard Total Bond Market | 20.03% | 837,820 | $61.7M | Add +2.3% |
| RSP Invesco S&P 500 Equal Weight | 13.00% | 220,300 | $40.0M | Add +1.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 8.64% | 242,784 | $26.6M | Add +2.2% |
| SCHA Schwab US Small-Cap ETF | 6.69% | 814,902 | $20.6M | Add +23.5% |
| SCHD Schwab US DVD Equity ETF | 6.61% | 767,946 | $20.4M | Add +2.8% |
| IEF iShares 7-10 Year Treasury B | 5.27% | 169,407 | $16.2M | Add +0.7% |
| VEA Vanguard Ftse Developed ETF | 2.53% | 136,821 | $7.8M | Reduce -0.6% |
| VWO Vanguard Ftse Emerging Marke | 2.38% | 148,145 | $7.3M | Add +0.3% |
| GLD SPDR Gold Shares | 1.70% | 17,196 | $5.2M | Reduce -23.4% |
| VGT Vanguard Info Tech ETF | 1.64% | 7,622 | $5.1M | Add +0.1% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 1.63% | 166,782 | $5.0M | Add +1.3% |
| TLT iShares 20+ Year Treasury BD | 1.59% | 55,383 | $4.9M | Add +74.9% |
| SCHB Schwab US Broad Market ETF | 1.47% | 189,787 | $4.5M | Add +338.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.36% | 7,591 | $4.2M | Add +0.5% |
| VDC Vanguard Consumer Staple ETF | 1.09% | 15,401 | $3.4M | Add +4.6% |
| VOX Vanguard Communication Servi | 1.08% | 19,479 | $3.3M | Add +2.8% |
| VFH Vanguard Financials ETF | 1.06% | 25,690 | $3.3M | Add +2.6% |
| VIS Vanguard Industrials ETF | 1.00% | 10,964 | $3.1M | Add +5.8% |
| PAYS Paysign Inc. | 0.94% | 400,969 | $2.9M | Reduce -0.8% |
| VHT Vanguard Health Care ETF | 0.85% | 10,534 | $2.6M | Add +4.0% |
| VCR Vanguard Consumer Discre ETF | 0.83% | 7,030 | $2.5M | Add +4.6% |
| GOOGL Alphabet Inc. Class A | 0.81% | 14,199 | $2.5M | Add +0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.70% | 7,269 | $2.1M | Reduce -3.3% |
| CCJ Cameco Corp. | 0.56% | 23,065 | $1.7M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 0.55% | 7,790 | $1.7M | Add +99.2% |
| CSCO Cisco Systems Inc. | 0.55% | 24,343 | $1.7M | Add +3.8% |
| XLE SS Energy Select Sector | 0.52% | 18,706 | $1.6M | Reduce -37.4% |
| TSLA Tesla Inc. | 0.49% | 4,754 | $1.5M | Reduce -37.3% |
| GPC Genuine Parts Co. | 0.46% | 11,483 | $1.4M | Add +4.9% |
| VPU Vanguard Utilities ETF | 0.41% | 7,236 | $1.3M | Reduce -48.5% |
| IVV iShares Core S&P 500 ETF | 0.40% | 1,988 | $1.2M | No change |
| COIN Coinbase Global Inc. Class A | 0.40% | 3,513 | $1.2M | New |
| SCHX Schwab US Large-Cap ETF | 0.38% | 47,301 | $1.2M | Reduce -2.4% |
| AAPL Apple Inc. | 0.37% | 5,600 | $1.1M | Reduce -4.3% |
| MSFT Microsoft Corp. | 0.37% | 2,306 | $1.1M | Reduce -1.4% |
| SCHV Schwab US Large-Cap Value | 0.36% | 40,070 | $1.1M | Add +1.7% |
| SNOW Snowflake Inc. | 0.35% | 4,870 | $1.1M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 0.34% | 3,587 | $1.0M | Reduce -1.1% |
| OKLO Oklo Inc. | 0.31% | 17,228 | $965K | Reduce -1.3% |
| BABA Alibaba Group Holding-SP ADR | 0.30% | 8,172 | $927K | Reduce -1.7% |
| MOS The Mosaic Co. | 0.30% | 25,372 | $926K | Add +0.2% |
| SOFI Sofi Technologies Inc. | 0.29% | 49,576 | $903K | New |
| PG The Procter & Gamble Co. | 0.29% | 5,649 | $900K | Reduce -3.2% |
| CIEN Ciena Corp. | 0.28% | 10,690 | $869K | Add +2.9% |
| CAVA Cava Group Inc. | 0.28% | 10,096 | $850K | New |
| KR Kroger Co. | 0.27% | 11,704 | $840K | Add +3.1% |
| DE Deere & Co. | 0.27% | 1,615 | $821K | Reduce -6.7% |
| BE Bloom Energy Corp. Class A | 0.26% | 33,525 | $802K | Add +7.3% |
| LYFT LYFT Inc. Class A | 0.25% | 48,225 | $760K | New |
| NOW ServiceNow Inc. | 0.24% | 732 | $753K | New |
| VAW Vanguard Materials ETF | 0.24% | 3,857 | $751K | Add +3.2% |
| BROS Dutch Bros Inc. Class A | 0.23% | 10,586 | $724K | New |
| SCHM Schwab US Mid Cap ETF | 0.23% | 24,879 | $698K | Add +0.5% |
| XOM Exxon Mobil Corp. | 0.22% | 6,276 | $677K | Reduce -64.0% |
| ABT Abbott Laboratories | 0.22% | 4,962 | $675K | New |
| CMI Cummins Inc. | 0.22% | 2,034 | $666K | Add +1.2% |
| BIDU Baidu Inc. - Spon ADR | 0.21% | 7,610 | $653K | New |
| SPGI S&P Global Inc. | 0.21% | 1,233 | $650K | No change |
| SCHF Schwab Intl Equity ETF | 0.20% | 27,632 | $611K | Reduce -1.1% |
| KVUE Kenvue Inc. | 0.20% | 29,075 | $609K | Add +0.4% |
| SCHI Schwab 5-10 Year Corporate B | 0.19% | 25,325 | $576K | No change |
| META Meta Platforms Inc. Class A | 0.17% | 710 | $524K | Reduce -6.2% |
| EMR Emerson Electric Co. | 0.17% | 3,908 | $521K | Reduce -14.3% |
| PRU Prudential Financial Inc. | 0.17% | 4,833 | $519K | Reduce -46.7% |
| RTX RTX Corp. | 0.17% | 3,481 | $508K | Add +6.8% |
| CVX Chevron Corp. | 0.16% | 3,539 | $507K | Add +7.6% |
| TXN Texas Instruments Inc. | 0.16% | 2,327 | $483K | Reduce -22.7% |
| JNJ Johnson & Johnson | 0.14% | 2,759 | $421K | Add +15.4% |
| UNP Union Pacific Corp. | 0.14% | 1,831 | $421K | Add +3.7% |
| SCHO Schwab Short-Term US Treas | 0.13% | 16,862 | $411K | No change |
| PEP Pepsico Inc. | 0.13% | 3,057 | $404K | Add +9.8% |
| CAT Caterpillar Inc. | 0.13% | 1,037 | $403K | Reduce -10.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.13% | 16,959 | $394K | Reduce -4.0% |
| KO The Coca-Cola Co. | 0.12% | 5,196 | $370K | Add +0.2% |
| SYBT Stock Yards Bancorp Inc. | 0.12% | 4,643 | $368K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 744 | $361K | Add +43.9% |
| NVDA Nvidia Corp. | 0.12% | 2,258 | $357K | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.12% | 576 | $356K | New |
| MRK Merck & Co. Inc. | 0.11% | 4,350 | $344K | Add +18.7% |
| ABBV Abbvie Inc. | 0.11% | 1,850 | $343K | Reduce -19.0% |
| MET Metlife Inc. | 0.11% | 4,151 | $334K | Reduce -20.4% |
| MDLZ Mondelez International Inc. Class A | 0.11% | 4,945 | $333K | New |
| ETN Eaton Corp. PLC | 0.11% | 934 | $333K | Reduce -26.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.11% | 1,081 | $330K | Add +0.8% |
| GRMN Garmin Ltd. | 0.10% | 1,503 | $314K | Reduce -22.2% |
| FAST Fastenal Co. | 0.10% | 7,336 | $308K | Reduce -12.5% |
| SNA Snap-on Inc. | 0.10% | 965 | $300K | Add +56.7% |
| VOO Vanguard S&P 500 ETF | 0.09% | 506 | $288K | Add +1.6% |
| AFL Aflac Inc. | 0.09% | 2,729 | $288K | Add +26.5% |
| DUK Duke Energy Corp. | 0.09% | 2,395 | $283K | Add +0.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.09% | 2,924 | $282K | Reduce -0.7% |
| V Visa Inc. Class A | 0.09% | 773 | $274K | Reduce -3.3% |
| FITB Fifth Third Bancorp | 0.09% | 6,651 | $274K | Reduce -3.2% |
| PAYX Paychex Inc. | 0.09% | 1,861 | $271K | Add +32.8% |
| UPS United Parcel Service Class B | 0.08% | 2,533 | $256K | Add +5.2% |
| MCD McDonald's Corp. | 0.08% | 855 | $250K | Add +0.6% |
| LOW Lowe's Cos Inc. | 0.08% | 1,114 | $247K | Add +9.7% |
| LLY Eli Lilly & Co. | 0.08% | 312 | $243K | No change |
| BLK BlackRock Inc. | 0.07% | 218 | $229K | New |
| HD Home Depot Inc. | 0.07% | 614 | $225K | Add +3.4% |
Portfolio Sells Q1 2025 → Q2 2025
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.62 |
| GLD SPDR Gold Shares | Reduce -23.4% | 1.70% | −0.57 |
| XOM Exxon Mobil Corp. | Reduce -64.0% | 0.22% | −0.51 |
| XLE SS Energy Select Sector | Reduce -37.4% | 0.52% | −0.46 |
| VPU Vanguard Utilities ETF | Reduce -48.5% | 0.41% | −0.43 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.42 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.42 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.22 |
| TSLA Tesla Inc. | Reduce -37.3% | 0.49% | −0.20 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.19 |
| PRU Prudential Financial Inc. | Reduce -46.7% | 0.17% | −0.19 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.18 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.10 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.7% | 0.30% | −0.08 |
| AAAU Goldman Sachs Physical Gold | Sold out | 0.00% | −0.08 |
| AAPL Apple Inc. | Reduce -4.3% | 0.37% | −0.08 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.07 |
| K Kellanova | Sold out | 0.00% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -3.2% | 0.29% | −0.06 |
| ABBV Abbvie Inc. | Reduce -19.0% | 0.11% | −0.06 |
| GRMN Garmin Ltd. | Reduce -22.2% | 0.10% | −0.05 |
| MET Metlife Inc. | Reduce -20.4% | 0.11% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -22.7% | 0.16% | −0.03 |
| DE Deere & Co. | Reduce -6.7% | 0.27% | −0.02 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -4.0% | 0.13% | −0.02 |
| FAST Fastenal Co. | Reduce -12.5% | 0.10% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -26.6% | 0.11% | −0.01 |
| V Visa Inc. Class A | Reduce -3.3% | 0.09% | −0.01 |
| EMR Emerson Electric Co. | Reduce -14.3% | 0.17% | −0.01 |
| FITB Fifth Third Bancorp | Reduce -3.2% | 0.09% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -0.7% | 0.09% | −0.00 |
| CAT Caterpillar Inc. | Reduce -10.3% | 0.13% | −0.00 |
| WMT Walmart Inc. | Reduce -5.5% | 0.07% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.4% | 0.38% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -1.1% | 0.20% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -6.2% | 0.17% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.1% | 0.34% | +0.03 |
| NVDA Nvidia Corp. | Reduce -0.2% | 0.12% | +0.03 |
| IBM Intl Business Machines Corp. | Reduce -3.3% | 0.70% | +0.04 |
| MSFT Microsoft Corp. | Reduce -1.4% | 0.37% | +0.06 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.6% | 2.53% | +0.08 |
| SNOW Snowflake Inc. | Reduce -0.7% | 0.35% | +0.10 |
| OKLO Oklo Inc. | Reduce -1.3% | 0.31% | +0.18 |
| CCJ Cameco Corp. | Reduce -1.9% | 0.56% | +0.22 |
| PAYS Paysign Inc. | Reduce -0.8% | 0.94% | +0.64 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHA Schwab US Small-Cap ETF | Add +23.5% | 6.69% | +1.27 |
| SCHB Schwab US Broad Market ETF | Add +338.9% | 1.47% | +1.14 |
| TLT iShares 20+ Year Treasury BD | Add +74.9% | 1.59% | +0.57 |
| COIN Coinbase Global Inc. Class A | New | 0.40% | +0.40 |
| AMZN Amazon.com Inc. | Add +99.2% | 0.55% | +0.29 |
| SOFI Sofi Technologies Inc. | New | 0.29% | +0.29 |
| CAVA Cava Group Inc. | New | 0.28% | +0.28 |
| LYFT LYFT Inc. Class A | New | 0.25% | +0.25 |
| NOW ServiceNow Inc. | New | 0.24% | +0.24 |
| BROS Dutch Bros Inc. Class A | New | 0.23% | +0.23 |
| ABT Abbott Laboratories | New | 0.22% | +0.22 |
| BIDU Baidu Inc. - Spon ADR | New | 0.21% | +0.21 |
| VGT Vanguard Info Tech ETF | Add +0.1% | 1.64% | +0.19 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 1.36% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.12% | +0.12 |
| MDLZ Mondelez International Inc. Class A | New | 0.11% | +0.11 |
| VIS Vanguard Industrials ETF | Add +5.8% | 1.00% | +0.10 |
| VOX Vanguard Communication Servi | Add +2.8% | 1.08% | +0.09 |
| BLK BlackRock Inc. | New | 0.07% | +0.07 |
| TGT Target Corp. | New | 0.07% | +0.07 |
| LMT Lockheed Martin Corp. | New | 0.07% | +0.07 |
| GLW Corning Inc. | New | 0.07% | +0.07 |
| ADM Archer-Daniels-Midland Co. | New | 0.07% | +0.07 |
| CIEN Ciena Corp. | Add +2.9% | 0.28% | +0.06 |
| MOS The Mosaic Co. | Add +0.2% | 0.30% | +0.06 |
| VCR Vanguard Consumer Discre ETF | Add +4.6% | 0.83% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 0.81% | +0.05 |
| BE Bloom Energy Corp. Class A | Add +7.3% | 0.26% | +0.04 |
| CSCO Cisco Systems Inc. | Add +3.8% | 0.55% | +0.04 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +1.3% | 1.63% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +0.3% | 2.38% | +0.03 |
| SNA Snap-on Inc. | Add +56.7% | 0.10% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +43.9% | 0.12% | +0.02 |
| RTX RTX Corp. | Add +6.8% | 0.17% | +0.01 |
| VFH Vanguard Financials ETF | Add +2.6% | 1.06% | +0.01 |
| PAYX Paychex Inc. | Add +32.8% | 0.09% | +0.01 |
| AFL Aflac Inc. | Add +26.5% | 0.09% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +1.6% | 0.09% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.8% | 0.11% | +0.00 |
| KR Kroger Co. | Add +3.1% | 0.27% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.5% | 0.23% | −0.00 |
| JNJ Johnson & Johnson | Add +15.4% | 0.14% | −0.00 |
| LOW Lowe's Cos Inc. | Add +9.7% | 0.08% | −0.00 |
| HD Home Depot Inc. | Add +3.4% | 0.07% | −0.00 |
| PGX Invesco Preferred ETF | Add +0.7% | 0.04% | −0.00 |
| MRK Merck & Co. Inc. | Add +18.7% | 0.11% | −0.00 |
| VAW Vanguard Materials ETF | Add +3.2% | 0.24% | −0.00 |
| CMI Cummins Inc. | Add +1.2% | 0.22% | −0.00 |
| GPC Genuine Parts Co. | Add +4.9% | 0.46% | −0.01 |
| SCHV Schwab US Large-Cap Value | Add +1.7% | 0.36% | −0.01 |
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 |