Joule Financial, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Joule Financial, LLC reported 109 stock positions worth $333.8 million. Its top holding was Vanguard Total Bond Market (BND) at 19.9% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 12.7%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 8.6%). Compared with Q3 2025, it opened 3 new positions, sold out of 8, added to 46 and reduced 52. The biggest buy was Schwab US Broad Market ETF (SCHB, shares +29%) and the biggest sale an exit from Coinbase Global Class A (COIN).
- Most Recent 13F
- Q2 2026
- Location
- Lexington, KY
- CIK
- 0001929070
- Portfolio Value
- $333.8M (Q4 2025)
- SEC Filing
- 0001172661-26-000225 ↗ filed Jan 20, 2026
Holdings Value
Holdings 109 stocks · $333.8M
| BND Vanguard Total Bond Market | 19.95% | 898,873 | $66.6M | Add +2.1% |
| RSP Invesco S&P 500 Equal Weight | 12.65% | 220,490 | $42.2M | Reduce -1.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 8.64% | 261,682 | $28.8M | Add +2.5% |
| IEF iShares 7-10 Year Treasury B | 8.19% | 284,211 | $27.3M | Add +1.9% |
| SCHA Schwab US Small-Cap ETF | 6.85% | 802,607 | $22.9M | Reduce -3.0% |
| SCHD Schwab US DVD Equity ETF | 6.73% | 819,168 | $22.5M | Add +1.9% |
| VEA Vanguard Ftse Developed ETF | 2.56% | 137,003 | $8.6M | Reduce -2.3% |
| VWO Vanguard Ftse Emerging Marke | 2.37% | 147,252 | $7.9M | Reduce -2.4% |
| SCHB Schwab US Broad Market ETF | 1.90% | 241,297 | $6.3M | Add +28.5% |
| TLT iShares 20+ Year Treasury BD | 1.82% | 69,866 | $6.1M | Add +7.2% |
| VGT Vanguard Info Tech ETF | 1.55% | 6,884 | $5.2M | Reduce -4.1% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 1.53% | 156,365 | $5.1M | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 1.18% | 12,554 | $3.9M | Reduce -8.9% |
| VOX Vanguard Communication Servi | 1.07% | 18,437 | $3.6M | Reduce -2.6% |
| VIS Vanguard Industrials ETF | 1.00% | 11,164 | $3.3M | Add +0.2% |
| VDC Vanguard Consumer Staple ETF | 0.98% | 15,427 | $3.3M | Reduce -2.8% |
| PAYS Paysign Inc. | 0.95% | 614,175 | $3.2M | No change |
| VFH Vanguard Financials ETF | 0.94% | 23,505 | $3.1M | Reduce -6.2% |
| VHT Vanguard Health Care ETF | 0.91% | 10,589 | $3.0M | Reduce -2.5% |
| VCR Vanguard Consumer Discre ETF | 0.81% | 6,890 | $2.7M | Reduce -2.9% |
| XLE SS Energy Select Sector | 0.75% | 55,947 | $2.5M | Reduce -6.6% |
| CIEN Ciena Corp. | 0.65% | 9,346 | $2.2M | Reduce -6.4% |
| TSLA Tesla Inc. | 0.58% | 4,301 | $1.9M | Reduce -8.6% |
| CSCO Cisco Systems Inc. | 0.57% | 24,838 | $1.9M | Reduce -0.0% |
| LYFT LYFT Inc. Class A | 0.55% | 94,628 | $1.8M | Reduce -4.5% |
| BE Bloom Energy Corp. Class A | 0.50% | 19,034 | $1.7M | Reduce -7.3% |
| SNOW Snowflake Inc. | 0.49% | 7,450 | $1.6M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 0.48% | 6,929 | $1.6M | Reduce -7.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 4,915 | $1.5M | Reduce -2.6% |
| AAPL Apple Inc. | 0.43% | 5,233 | $1.4M | Add +2.5% |
| VPU Vanguard Utilities ETF | 0.40% | 7,243 | $1.3M | Add +1.2% |
| BABA Alibaba Group Holding-SP ADR | 0.35% | 7,941 | $1.2M | Reduce -4.8% |
| JPM JPMorgan Chase & Co. | 0.34% | 3,566 | $1.1M | Add +5.0% |
| SCHX Schwab US Large-Cap ETF | 0.34% | 42,383 | $1.1M | Reduce -1.1% |
| CMI Cummins Inc. | 0.31% | 2,046 | $1.0M | No change |
| FSLR First Solar Inc. | 0.31% | 3,993 | $1.0M | Reduce -7.3% |
| MSFT Microsoft Corp. | 0.31% | 2,130 | $1.0M | Add +0.5% |
| BIDU Baidu Inc. - Spon ADR | 0.31% | 7,820 | $1.0M | Reduce -6.1% |
| IVV iShares Core S&P 500 ETF | 0.30% | 1,463 | $1.0M | No change |
| CCJ Cameco Corp. | 0.28% | 10,370 | $949K | Reduce -7.6% |
| GLD SPDR Gold Shares | 0.26% | 2,199 | $871K | Reduce -8.5% |
| SCHV Schwab US Large-Cap Value | 0.26% | 29,205 | $865K | Reduce -24.4% |
| VAW Vanguard Materials ETF | 0.24% | 3,804 | $790K | Reduce -3.7% |
| MDT Medtronic PLC | 0.24% | 8,172 | $785K | New |
| XOM Exxon Mobil Corp. | 0.23% | 6,482 | $780K | Add +4.4% |
| PG The Procter & Gamble Co. | 0.23% | 5,366 | $769K | Reduce -2.4% |
| BKR Baker Hughes Co. | 0.22% | 16,441 | $749K | Reduce -3.3% |
| SCHM Schwab US Mid Cap ETF | 0.22% | 24,889 | $748K | Reduce -0.8% |
| KR Kroger Co. | 0.22% | 11,576 | $723K | Add +0.1% |
| CAT Caterpillar Inc. | 0.21% | 1,234 | $707K | Add +0.3% |
| DE Deere & Co. | 0.20% | 1,429 | $665K | Reduce -2.9% |
| SPGI S&P Global Inc. | 0.19% | 1,233 | $644K | No change |
| RTX RTX Corp. | 0.18% | 3,246 | $595K | Add +0.1% |
| SCHI Schwab 5-10 Year Corporate B | 0.17% | 25,325 | $582K | No change |
| PRU Prudential Financial Inc. | 0.17% | 5,100 | $576K | Add +6.2% |
| SOFI Sofi Technologies Inc. | 0.17% | 21,981 | $575K | Reduce -2.5% |
| JNJ Johnson & Johnson | 0.17% | 2,768 | $573K | Add +1.0% |
| SCHF Schwab Intl Equity ETF | 0.17% | 23,430 | $563K | Reduce -11.8% |
| OKLO Oklo Inc. | 0.17% | 7,831 | $562K | Reduce -6.2% |
| CVX Chevron Corp. | 0.17% | 3,676 | $560K | Add +2.3% |
| EMR Emerson Electric Co. | 0.16% | 3,921 | $520K | Add +0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.15% | 1,450 | $486K | Add +22.9% |
| SCHO Schwab Short-Term US Treas | 0.14% | 19,750 | $481K | Reduce -21.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 945 | $475K | Add +19.3% |
| MRK Merck & Co. Inc. | 0.14% | 4,327 | $459K | Add +3.6% |
| AXP American Express Co. | 0.13% | 1,204 | $445K | Add +3.4% |
| PEP Pepsico Inc. | 0.13% | 2,967 | $430K | Reduce -3.8% |
| TXN Texas Instruments Inc. | 0.12% | 2,291 | $397K | Add +1.8% |
| KO The Coca-Cola Co. | 0.12% | 5,621 | $393K | Add +2.5% |
| ABBV Abbvie Inc. | 0.12% | 1,715 | $392K | No change |
| SCHZ Schwab US Aggregate Bond ETF | 0.11% | 16,383 | $383K | Reduce -1.6% |
| NVDA Nvidia Corp. | 0.11% | 1,995 | $372K | Reduce -13.6% |
| GLW Corning Inc. | 0.11% | 4,192 | $367K | Add +0.0% |
| SNA Snap-on Inc. | 0.11% | 1,061 | $366K | Add +9.0% |
| UNP Union Pacific Corp. | 0.11% | 1,541 | $356K | Add +2.7% |
| LLY Eli Lilly & Co. | 0.10% | 314 | $337K | Add +0.6% |
| MET Metlife Inc. | 0.10% | 4,216 | $333K | Add +1.6% |
| AFL Aflac Inc. | 0.09% | 2,867 | $316K | Add +4.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.09% | 4,277 | $315K | Reduce -1.3% |
| VOO Vanguard S&P 500 ETF | 0.09% | 497 | $312K | Reduce -1.8% |
| FITB Fifth Third Bancorp | 0.09% | 6,657 | $312K | Add +0.1% |
| GRMN Garmin Ltd. | 0.09% | 1,504 | $305K | Add +0.1% |
| ETN Eaton Corp. PLC | 0.09% | 949 | $302K | Add +1.6% |
| GOOG Alphabet Inc. Class C | 0.09% | 962 | $302K | No change |
| SYBT Stock Yards Bancorp Inc. | 0.09% | 4,643 | $302K | No change |
| SCHY Schwab International DVD ETF | 0.09% | 10,032 | $299K | Add +2.1% |
| FAST Fastenal Co. | 0.09% | 7,416 | $298K | Add +1.1% |
| VIG Vanguard Dividend Apprec ETF | 0.09% | 1,308 | $287K | Add +6.3% |
| META Meta Platforms Inc. Class A | 0.08% | 429 | $284K | Reduce -38.5% |
| LOW Lowe's Cos Inc. | 0.08% | 1,157 | $279K | Add +2.8% |
| IUSV iShares Core S&P U.S. Value | 0.08% | 2,657 | $272K | Reduce -1.5% |
| DUK Duke Energy Corp. | 0.08% | 2,289 | $268K | Add +0.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.08% | 2,511 | $268K | Reduce -3.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.08% | 2,608 | $267K | Reduce -9.6% |
| MCD McDonald's Corp. | 0.08% | 861 | $263K | Add +1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 377 | $257K | Reduce -42.6% |
| CSX CSX Corp. | 0.08% | 6,995 | $254K | Add +18.8% |
| ADM Archer-Daniels-Midland Co. | 0.07% | 4,318 | $248K | Add +4.6% |
| LMT Lockheed Martin Corp. | 0.07% | 508 | $246K | Add +6.7% |
| SQQQ Proshares Ultrapro Short QQQ | 0.07% | 3,500 | $240K | New |
| GD General Dynamics Corp. | 0.07% | 705 | $237K | Add +4.3% |
| MDLZ Mondelez International Inc. Class A | 0.07% | 4,350 | $234K | Reduce -13.4% |
| BLK BlackRock Inc. | 0.07% | 215 | $230K | Reduce -1.4% |
| HD Home Depot Inc. | 0.07% | 643 | $221K | Add +3.9% |
| VXUS Vanguard Total Intl Stock | 0.07% | 2,878 | $217K | New |
| WMT Walmart Inc. | 0.06% | 1,917 | $214K | Reduce -12.1% |
| TGT Target Corp. | 0.06% | 2,131 | $208K | Reduce -5.6% |
| V Visa Inc. Class A | 0.06% | 583 | $204K | Reduce -3.6% |
| PGX Invesco Preferred ETF | 0.04% | 12,381 | $139K | Add +0.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $27K (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 | $27K | No change |
Total filed on the 13F, all lines: $333.8M.
Portfolio Sells Q3 2025 → Q4 2025
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.36 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.25 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −0.17 |
| OKLO Oklo Inc. | Reduce -6.2% | 0.17% | −0.11 |
| LYFT LYFT Inc. Class A | Reduce -4.5% | 0.55% | −0.10 |
| BABA Alibaba Group Holding-SP ADR | Reduce -4.8% | 0.35% | −0.10 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -4.0% | 1.53% | −0.09 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.08 |
| SCHV Schwab US Large-Cap Value | Reduce -24.4% | 0.26% | −0.08 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.4% | 2.37% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -38.5% | 0.08% | −0.07 |
| SCHA Schwab US Small-Cap ETF | Reduce -3.0% | 6.85% | −0.07 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.06 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.06 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -42.6% | 0.08% | −0.05 |
| XLE SS Energy Select Sector | Reduce -6.6% | 0.75% | −0.05 |
| VGT Vanguard Info Tech ETF | Reduce -4.1% | 1.55% | −0.05 |
| TSLA Tesla Inc. | Reduce -8.6% | 0.58% | −0.05 |
| VFH Vanguard Financials ETF | Reduce -6.2% | 0.94% | −0.05 |
| SNOW Snowflake Inc. | Reduce -5.2% | 0.49% | −0.04 |
| VDC Vanguard Consumer Staple ETF | Reduce -2.8% | 0.98% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.3% | 12.65% | −0.04 |
| SCHO Schwab Short-Term US Treas | Reduce -21.4% | 0.14% | −0.04 |
| VCR Vanguard Consumer Discre ETF | Reduce -2.9% | 0.81% | −0.03 |
| TIDAL TRUST II | Sold out | 0.00% | −0.03 |
| BE Bloom Energy Corp. Class A | Reduce -7.3% | 0.50% | −0.02 |
| BKR Baker Hughes Co. | Reduce -3.3% | 0.22% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -13.4% | 0.07% | −0.02 |
| BIDU Baidu Inc. - Spon ADR | Reduce -6.1% | 0.31% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -2.4% | 0.23% | −0.02 |
| NVDA Nvidia Corp. | Reduce -13.6% | 0.11% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -11.8% | 0.17% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -7.8% | 0.48% | −0.02 |
| TROW T Rowe Price Group Inc. | Reduce -9.6% | 0.08% | −0.01 |
| BLK BlackRock Inc. | Reduce -1.4% | 0.07% | −0.01 |
| SOFI Sofi Technologies Inc. | Reduce -2.5% | 0.17% | −0.01 |
| VAW Vanguard Materials ETF | Reduce -3.7% | 0.24% | −0.01 |
| WMT Walmart Inc. | Reduce -12.1% | 0.06% | −0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -1.6% | 0.11% | −0.00 |
| DE Deere & Co. | Reduce -2.9% | 0.20% | −0.00 |
| PEP Pepsico Inc. | Reduce -3.8% | 0.13% | −0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -3.1% | 0.08% | −0.00 |
| V Visa Inc. Class A | Reduce -3.6% | 0.06% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -1.8% | 0.09% | +0.00 |
| IUSV iShares Core S&P U.S. Value | Reduce -1.5% | 0.08% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.8% | 0.22% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.3% | 0.09% | +0.00 |
| TGT Target Corp. | Reduce -5.6% | 0.06% | +0.00 |
| CCJ Cameco Corp. | Reduce -7.6% | 0.28% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| SCHB Schwab US Broad Market ETF | Add +28.5% | 1.90% | +0.45 |
| BND Vanguard Total Bond Market | Add +2.1% | 19.95% | +0.34 |
| MDT Medtronic PLC | New | 0.24% | +0.24 |
| SCHD Schwab US DVD Equity ETF | Add +1.9% | 6.73% | +0.16 |
| IEF iShares 7-10 Year Treasury B | Add +1.9% | 8.19% | +0.12 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +2.5% | 8.64% | +0.12 |
| TLT iShares 20+ Year Treasury BD | Add +7.2% | 1.82% | +0.08 |
| SQQQ Proshares Ultrapro Short QQQ | New | 0.07% | +0.07 |
| VXUS Vanguard Total Intl Stock | New | 0.07% | +0.07 |
| AAPL Apple Inc. | Add +2.5% | 0.43% | +0.04 |
| CAT Caterpillar Inc. | Add +0.3% | 0.21% | +0.04 |
| MRK Merck & Co. Inc. | Add +3.6% | 0.14% | +0.03 |
| LLY Eli Lilly & Co. | Add +0.6% | 0.10% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +22.9% | 0.15% | +0.03 |
| XOM Exxon Mobil Corp. | Add +4.4% | 0.23% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +5.0% | 0.34% | +0.02 |
| PRU Prudential Financial Inc. | Add +6.2% | 0.17% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +19.3% | 0.14% | +0.02 |
| JNJ Johnson & Johnson | Add +1.0% | 0.17% | +0.02 |
| AXP American Express Co. | Add +3.4% | 0.13% | +0.02 |
| RTX RTX Corp. | Add +0.1% | 0.18% | +0.02 |
| CSX CSX Corp. | Add +18.8% | 0.08% | +0.01 |
| VIS Vanguard Industrials ETF | Add +0.2% | 1.00% | +0.01 |
| SNA Snap-on Inc. | Add +9.0% | 0.11% | +0.01 |
| KO The Coca-Cola Co. | Add +2.5% | 0.12% | +0.01 |
| SCHY Schwab International DVD ETF | Add +2.1% | 0.09% | +0.01 |
| GLW Corning Inc. | Add +0.0% | 0.11% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +6.3% | 0.09% | +0.01 |
| FITB Fifth Third Bancorp | Add +0.1% | 0.09% | +0.00 |
| AFL Aflac Inc. | Add +4.9% | 0.09% | +0.00 |
| LMT Lockheed Martin Corp. | Add +6.7% | 0.07% | +0.00 |
| EMR Emerson Electric Co. | Add +0.3% | 0.16% | +0.00 |
| GD General Dynamics Corp. | Add +4.3% | 0.07% | +0.00 |
| MCD McDonald's Corp. | Add +1.3% | 0.08% | +0.00 |
| CVX Chevron Corp. | Add +2.3% | 0.17% | +0.00 |
| UNP Union Pacific Corp. | Add +2.7% | 0.11% | +0.00 |
| ADM Archer-Daniels-Midland Co. | Add +4.6% | 0.07% | +0.00 |
| PGX Invesco Preferred ETF | Add +0.7% | 0.04% | −0.00 |
| LOW Lowe's Cos Inc. | Add +2.8% | 0.08% | −0.00 |
| MET Metlife Inc. | Add +1.6% | 0.10% | −0.00 |
| DUK Duke Energy Corp. | Add +0.9% | 0.08% | −0.00 |
| VPU Vanguard Utilities ETF | Add +1.2% | 0.40% | −0.00 |
| TXN Texas Instruments Inc. | Add +1.8% | 0.12% | −0.00 |
| HD Home Depot Inc. | Add +3.9% | 0.07% | −0.01 |
| ETN Eaton Corp. PLC | Add +1.6% | 0.09% | −0.01 |
| KR Kroger Co. | Add +0.1% | 0.22% | −0.02 |
| FAST Fastenal Co. | Add +1.1% | 0.09% | −0.02 |
| GRMN Garmin Ltd. | Add +0.1% | 0.09% | −0.02 |
| MSFT Microsoft Corp. | Add +0.5% | 0.31% | −0.02 |
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 |