Joule Financial, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Joule Financial, LLC reported 114 stock positions worth $333.8 million. Its top holding was Vanguard Total Bond Market (BND) at 19.6% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 12.7%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 8.5%). Compared with Q2 2025, it opened 13 new positions, sold out of 7, added to 43 and reduced 45. The biggest buy was iShares 7-10 Year Treasury B (IEF, shares +65%) and the biggest sale SPDR Gold Shares (GLD, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- Lexington, KY
- CIK
- 0001929070
- Portfolio Value
- $333.8M (Q3 2025)
- SEC Filing
- 0001172661-25-004552 ↗ filed Nov 3, 2025
Holdings Value
Holdings 114 stocks · $333.8M
| BND Vanguard Total Bond Market | 19.61% | 880,168 | $65.5M | Add +5.0% |
| RSP Invesco S&P 500 Equal Weight | 12.69% | 223,374 | $42.4M | Add +1.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 8.52% | 255,220 | $28.4M | Add +5.1% |
| IEF iShares 7-10 Year Treasury B | 8.06% | 279,044 | $26.9M | Add +64.7% |
| SCHA Schwab US Small-Cap ETF | 6.92% | 827,440 | $23.1M | Add +1.5% |
| SCHD Schwab US DVD Equity ETF | 6.57% | 803,884 | $21.9M | Add +4.7% |
| VEA Vanguard Ftse Developed ETF | 2.52% | 140,219 | $8.4M | Add +2.5% |
| VWO Vanguard Ftse Emerging Marke | 2.45% | 150,938 | $8.2M | Add +1.9% |
| TLT iShares 20+ Year Treasury BD | 1.74% | 65,168 | $5.8M | Add +17.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 1.63% | 162,900 | $5.4M | Reduce -2.3% |
| VGT Vanguard Info Tech ETF | 1.61% | 7,178 | $5.4M | Reduce -5.8% |
| SCHB Schwab US Broad Market ETF | 1.45% | 187,757 | $4.8M | Reduce -1.1% |
| PAYS Paysign Inc. | 1.16% | 614,175 | $3.9M | Add +53.2% |
| VOX Vanguard Communication Servi | 1.06% | 18,934 | $3.6M | Reduce -2.8% |
| VDC Vanguard Consumer Staple ETF | 1.02% | 15,873 | $3.4M | Add +3.1% |
| GOOGL Alphabet Inc. Class A | 1.00% | 13,786 | $3.4M | Reduce -2.9% |
| VIS Vanguard Industrials ETF | 0.99% | 11,142 | $3.3M | Add +1.6% |
| VFH Vanguard Financials ETF | 0.99% | 25,058 | $3.3M | Reduce -2.5% |
| VHT Vanguard Health Care ETF | 0.84% | 10,856 | $2.8M | Add +3.1% |
| VCR Vanguard Consumer Discre ETF | 0.84% | 7,099 | $2.8M | Add +1.0% |
| XLE SS Energy Select Sector | 0.80% | 29,952 | $2.7M | Add +60.1% |
| LYFT LYFT Inc. Class A | 0.65% | 99,074 | $2.2M | Add +105.4% |
| TSLA Tesla Inc. | 0.63% | 4,706 | $2.1M | Reduce -1.0% |
| SNOW Snowflake Inc. | 0.53% | 7,860 | $1.8M | Add +61.4% |
| BE Bloom Energy Corp. Class A | 0.52% | 20,526 | $1.7M | Reduce -38.8% |
| CSCO Cisco Systems Inc. | 0.51% | 24,841 | $1.7M | Add +2.0% |
| AMZN Amazon.com Inc. | 0.49% | 7,517 | $1.7M | Reduce -3.5% |
| BABA Alibaba Group Holding-SP ADR | 0.45% | 8,344 | $1.5M | Add +2.1% |
| CIEN Ciena Corp. | 0.44% | 9,982 | $1.5M | Reduce -6.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 5,047 | $1.4M | Reduce -30.6% |
| VPU Vanguard Utilities ETF | 0.41% | 7,156 | $1.4M | Reduce -1.1% |
| AAPL Apple Inc. | 0.39% | 5,103 | $1.3M | Reduce -8.9% |
| COIN Coinbase Global Inc. Class A | 0.36% | 3,518 | $1.2M | Add +0.1% |
| SCHX Schwab US Large-Cap ETF | 0.34% | 42,842 | $1.1M | Reduce -9.4% |
| SCHV Schwab US Large-Cap Value | 0.34% | 38,652 | $1.1M | Reduce -3.5% |
| MSFT Microsoft Corp. | 0.33% | 2,120 | $1.1M | Reduce -8.1% |
| BIDU Baidu Inc. - Spon ADR | 0.33% | 8,327 | $1.1M | Add +9.4% |
| JPM JPMorgan Chase & Co. | 0.32% | 3,397 | $1.1M | Reduce -5.3% |
| IVV iShares Core S&P 500 ETF | 0.29% | 1,463 | $979K | Reduce -26.4% |
| FSLR First Solar Inc. | 0.28% | 4,309 | $950K | New |
| CCJ Cameco Corp. | 0.28% | 11,221 | $941K | Reduce -51.4% |
| OKLO Oklo Inc. | 0.28% | 8,350 | $932K | Reduce -51.5% |
| CMI Cummins Inc. | 0.26% | 2,046 | $864K | Add +0.6% |
| GLD SPDR Gold Shares | 0.26% | 2,403 | $854K | Reduce -86.0% |
| MOS The Mosaic Co. | 0.25% | 24,469 | $849K | Reduce -3.6% |
| PG The Procter & Gamble Co. | 0.25% | 5,495 | $844K | Reduce -2.7% |
| BKR Baker Hughes Co. | 0.25% | 16,999 | $828K | New |
| VAW Vanguard Materials ETF | 0.24% | 3,952 | $810K | Add +2.5% |
| KR Kroger Co. | 0.23% | 11,562 | $779K | Reduce -1.2% |
| SCHM Schwab US Mid Cap ETF | 0.22% | 25,090 | $744K | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.21% | 6,210 | $700K | Reduce -1.1% |
| DE Deere & Co. | 0.20% | 1,472 | $673K | Reduce -8.8% |
| SCHF Schwab Intl Equity ETF | 0.19% | 26,550 | $618K | Reduce -3.9% |
| SCHO Schwab Short-Term US Treas | 0.18% | 25,116 | $613K | Add +49.0% |
| SPGI S&P Global Inc. | 0.18% | 1,233 | $600K | No change |
| SOFI Sofi Technologies Inc. | 0.18% | 22,545 | $596K | Reduce -54.5% |
| CAT Caterpillar Inc. | 0.18% | 1,230 | $587K | Add +18.6% |
| SCHI Schwab 5-10 Year Corporate B | 0.18% | 25,325 | $585K | No change |
| BROS Dutch Bros Inc. Class A | 0.17% | 10,671 | $559K | Add +0.8% |
| CVX Chevron Corp. | 0.17% | 3,594 | $558K | Add +1.6% |
| RTX RTX Corp. | 0.16% | 3,241 | $542K | Reduce -6.9% |
| META Meta Platforms Inc. Class A | 0.15% | 698 | $513K | Reduce -1.7% |
| EMR Emerson Electric Co. | 0.15% | 3,908 | $513K | No change |
| JNJ Johnson & Johnson | 0.15% | 2,741 | $508K | Reduce -0.7% |
| PRU Prudential Financial Inc. | 0.15% | 4,804 | $498K | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.13% | 657 | $438K | Add +14.1% |
| PEP Pepsico Inc. | 0.13% | 3,083 | $433K | Add +0.8% |
| NVDA Nvidia Corp. | 0.13% | 2,308 | $431K | Add +2.2% |
| TXN Texas Instruments Inc. | 0.12% | 2,251 | $414K | Reduce -3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 792 | $398K | Add +6.5% |
| ABBV Abbvie Inc. | 0.12% | 1,715 | $397K | Reduce -7.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.12% | 16,653 | $391K | Reduce -1.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.12% | 1,180 | $388K | Add +9.2% |
| AXP American Express Co. | 0.12% | 1,165 | $387K | New |
| GRMN Garmin Ltd. | 0.11% | 1,503 | $370K | No change |
| KO The Coca-Cola Co. | 0.11% | 5,482 | $366K | Add +5.5% |
| FAST Fastenal Co. | 0.11% | 7,336 | $360K | No change |
| UNP Union Pacific Corp. | 0.11% | 1,500 | $355K | Reduce -18.1% |
| MRK Merck & Co. Inc. | 0.10% | 4,177 | $351K | Reduce -4.0% |
| ETN Eaton Corp. PLC | 0.10% | 934 | $350K | No change |
| GLW Corning Inc. | 0.10% | 4,191 | $344K | Add +2.5% |
| MET Metlife Inc. | 0.10% | 4,151 | $342K | No change |
| SNA Snap-on Inc. | 0.10% | 973 | $337K | Add +0.8% |
| SYBT Stock Yards Bancorp Inc. | 0.10% | 4,643 | $326K | No change |
| MDLZ Mondelez International Inc. Class A | 0.09% | 5,022 | $314K | Add +1.6% |
| VOO Vanguard S&P 500 ETF | 0.09% | 506 | $311K | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.09% | 4,335 | $309K | New |
| AFL Aflac Inc. | 0.09% | 2,733 | $305K | Add +0.1% |
| FITB Fifth Third Bancorp | 0.09% | 6,651 | $296K | No change |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.09% | 2,886 | $296K | Reduce -1.3% |
| LOW Lowe's Cos Inc. | 0.08% | 1,126 | $283K | Add +1.1% |
| DUK Duke Energy Corp. | 0.08% | 2,269 | $281K | Reduce -5.3% |
| SCHY Schwab International DVD ETF | 0.08% | 9,827 | $275K | New |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.08% | 2,591 | $271K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 450 | $270K | Reduce -94.1% |
| IUSV iShares Core S&P U.S. Value | 0.08% | 2,697 | $270K | New |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 1,230 | $266K | New |
| MCD McDonald's Corp. | 0.08% | 850 | $258K | Reduce -0.6% |
| BLK BlackRock Inc. | 0.08% | 218 | $254K | No change |
| HD Home Depot Inc. | 0.08% | 619 | $251K | Add +0.8% |
| ADM Archer-Daniels-Midland Co. | 0.07% | 4,128 | $247K | Add +1.5% |
| LLY Eli Lilly & Co. | 0.07% | 312 | $238K | No change |
| LMT Lockheed Martin Corp. | 0.07% | 476 | $238K | No change |
| GOOG Alphabet Inc. Class C | 0.07% | 962 | $234K | New |
| GD General Dynamics Corp. | 0.07% | 676 | $231K | New |
| WMT Walmart Inc. | 0.07% | 2,181 | $225K | Reduce -1.5% |
| VYM Vanguard High DVD Yield ETF | 0.06% | 1,531 | $216K | New |
| PAYX Paychex Inc. | 0.06% | 1,689 | $214K | Reduce -9.2% |
| UPS United Parcel Service Class B | 0.06% | 2,545 | $213K | Add +0.5% |
| CSX CSX Corp. | 0.06% | 5,888 | $209K | New |
| V Visa Inc. Class A | 0.06% | 605 | $207K | Reduce -21.7% |
| TGT Target Corp. | 0.06% | 2,257 | $202K | Add +0.2% |
| PGX Invesco Preferred ETF | 0.04% | 12,291 | $143K | Reduce -0.2% |
| TIDAL TRUST II | 0.03% | 15,145 | $84K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $30K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 23,000 | $30K | New |
Total filed on the 13F, all lines: $333.8M.
Portfolio Sells Q2 2025 → Q3 2025
| GLD SPDR Gold Shares | Reduce -86.0% | 0.26% | −1.45 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -94.1% | 0.08% | −1.28 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −0.46 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.28 |
| CCJ Cameco Corp. | Reduce -51.4% | 0.28% | −0.27 |
| IBM Intl Business Machines Corp. | Reduce -30.6% | 0.43% | −0.27 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.24 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.22 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.20 |
| SOFI Sofi Technologies Inc. | Reduce -54.5% | 0.18% | −0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -26.4% | 0.29% | −0.11 |
| VFH Vanguard Financials ETF | Reduce -2.5% | 0.99% | −0.08 |
| DE Deere & Co. | Reduce -8.8% | 0.20% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -3.5% | 0.49% | −0.06 |
| MOS The Mosaic Co. | Reduce -3.6% | 0.25% | −0.05 |
| MSFT Microsoft Corp. | Reduce -8.1% | 0.33% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -2.7% | 0.25% | −0.04 |
| KR Kroger Co. | Reduce -1.2% | 0.23% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -9.4% | 0.34% | −0.04 |
| OXFORD LANE CAP CORP | Sold out | 0.00% | −0.04 |
| VGT Vanguard Info Tech ETF | Reduce -5.8% | 1.61% | −0.04 |
| OKLO Oklo Inc. | Reduce -51.5% | 0.28% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -3.3% | 0.12% | −0.03 |
| UNP Union Pacific Corp. | Reduce -18.1% | 0.11% | −0.03 |
| V Visa Inc. Class A | Reduce -21.7% | 0.06% | −0.03 |
| PAYX Paychex Inc. | Reduce -9.2% | 0.06% | −0.02 |
| SCHV Schwab US Large-Cap Value | Reduce -3.5% | 0.34% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -1.1% | 1.45% | −0.02 |
| PRU Prudential Financial Inc. | Reduce -0.6% | 0.15% | −0.02 |
| VOX Vanguard Communication Servi | Reduce -2.8% | 1.06% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -1.7% | 0.15% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -5.3% | 0.32% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -3.9% | 0.19% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -1.8% | 0.12% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 0.21% | −0.01 |
| VPU Vanguard Utilities ETF | Reduce -1.1% | 0.41% | −0.01 |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | Sold out | 0.00% | −0.01 |
| DUK Duke Energy Corp. | Reduce -5.3% | 0.08% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -4.0% | 0.10% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.6% | 0.08% | −0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -2.3% | 1.63% | −0.00 |
| WMT Walmart Inc. | Reduce -1.5% | 0.07% | −0.00 |
| TROW T Rowe Price Group Inc. | Reduce -1.3% | 0.09% | −0.00 |
| RTX RTX Corp. | Reduce -6.9% | 0.16% | −0.00 |
| PGX Invesco Preferred ETF | Reduce -0.2% | 0.04% | −0.00 |
| ABBV Abbvie Inc. | Reduce -7.3% | 0.12% | +0.01 |
| JNJ Johnson & Johnson | Reduce -0.7% | 0.15% | +0.02 |
| AAPL Apple Inc. | Reduce -8.9% | 0.39% | +0.02 |
| TSLA Tesla Inc. | Reduce -1.0% | 0.63% | +0.14 |
| CIEN Ciena Corp. | Reduce -6.6% | 0.44% | +0.15 |
Portfolio Buys Q2 2025 → Q3 2025
| IEF iShares 7-10 Year Treasury B | Add +64.7% | 8.06% | +2.80 |
| LYFT LYFT Inc. Class A | Add +105.4% | 0.65% | +0.41 |
| XLE SS Energy Select Sector | Add +60.1% | 0.80% | +0.29 |
| FSLR First Solar Inc. | New | 0.28% | +0.28 |
| BKR Baker Hughes Co. | New | 0.25% | +0.25 |
| SCHA Schwab US Small-Cap ETF | Add +1.5% | 6.92% | +0.22 |
| PAYS Paysign Inc. | Add +53.2% | 1.16% | +0.22 |
| SNOW Snowflake Inc. | Add +61.4% | 0.53% | +0.18 |
| TLT iShares 20+ Year Treasury BD | Add +17.7% | 1.74% | +0.16 |
| BABA Alibaba Group Holding-SP ADR | Add +2.1% | 0.45% | +0.15 |
| BIDU Baidu Inc. - Spon ADR | Add +9.4% | 0.33% | +0.12 |
| AXP American Express Co. | New | 0.12% | +0.12 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.09% | +0.09 |
| SCHY Schwab International DVD ETF | New | 0.08% | +0.08 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.08% | +0.08 |
| IUSV iShares Core S&P U.S. Value | New | 0.08% | +0.08 |
| VIG Vanguard Dividend Apprec ETF | New | 0.08% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +1.9% | 2.45% | +0.07 |
| GOOG Alphabet Inc. Class C | New | 0.07% | +0.07 |
| GD General Dynamics Corp. | New | 0.07% | +0.07 |
| VYM Vanguard High DVD Yield ETF | New | 0.06% | +0.06 |
| CSX CSX Corp. | New | 0.06% | +0.06 |
| SCHO Schwab Short-Term US Treas | Add +49.0% | 0.18% | +0.05 |
| CAT Caterpillar Inc. | Add +18.6% | 0.18% | +0.05 |
| CMI Cummins Inc. | Add +0.6% | 0.26% | +0.04 |
| GLW Corning Inc. | Add +2.5% | 0.10% | +0.03 |
| TIDAL TRUST II | New | 0.03% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +14.1% | 0.13% | +0.02 |
| VCR Vanguard Consumer Discre ETF | Add +1.0% | 0.84% | +0.02 |
| NVDA Nvidia Corp. | Add +2.2% | 0.13% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.2% | 0.12% | +0.01 |
| LOW Lowe's Cos Inc. | Add +1.1% | 0.08% | +0.00 |
| ADM Archer-Daniels-Midland Co. | Add +1.5% | 0.07% | +0.00 |
| SNA Snap-on Inc. | Add +0.8% | 0.10% | +0.00 |
| CVX Chevron Corp. | Add +1.6% | 0.17% | +0.00 |
| HD Home Depot Inc. | Add +0.8% | 0.08% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.5% | 0.12% | +0.00 |
| PEP Pepsico Inc. | Add +0.8% | 0.13% | −0.00 |
| VAW Vanguard Materials ETF | Add +2.5% | 0.24% | −0.00 |
| AFL Aflac Inc. | Add +0.1% | 0.09% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.8% | 0.22% | −0.00 |
| VHT Vanguard Health Care ETF | Add +3.1% | 0.84% | −0.01 |
| VIS Vanguard Industrials ETF | Add +1.6% | 0.99% | −0.01 |
| KO The Coca-Cola Co. | Add +5.5% | 0.11% | −0.01 |
| TGT Target Corp. | Add +0.2% | 0.06% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Add +1.6% | 0.09% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Add +2.5% | 2.52% | −0.02 |
| UPS United Parcel Service Class B | Add +0.5% | 0.06% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Add +4.7% | 6.57% | −0.03 |
| CSCO Cisco Systems Inc. | Add +2.0% | 0.51% | −0.04 |
Notes & Other Activity Q2 2025 → Q3 2025
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | New | 23,000 | $30K |
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 | 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 |