Kaizen Financial Strategies
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Kaizen Financial Strategies reported 131 stock positions worth $175.8 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.0% of the portfolio, followed by Apple (AAPL, 9.0%) and Schwab US Large-Cap Growth (SCHG, 8.0%). Compared with Q3 2024, it opened 14 new positions, sold out of 16, added to 56 and reduced 48. The biggest buy was a new position in United States Oil Fund (USO) and the biggest sale Vanguard Dividend Apprec ETF (VIG, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- CAMPBELL, CA
- CIK
- 0001842013
- Portfolio Value
- $175.8M (Q4 2024)
- SEC Filing
- 0001085146-25-001487 ↗ filed Feb 14, 2025
Holdings Value
Holdings 131 stocks · $175.8M
| SPY SS SPDR S&P 500 ETF Trust-US | 9.05% | 27,140 | $15.9M | Add +8.3% |
| AAPL Apple Inc. | 9.04% | 63,478 | $15.9M | Reduce -2.8% |
| SCHG Schwab US Large-Cap Growth | 8.02% | 506,215 | $14.1M | Reduce -0.3% |
| NVDA Nvidia Corp. | 4.42% | 57,896 | $7.8M | Reduce -5.8% |
| VCRB Vanguard Core Bond ETF | 4.27% | 99,095 | $7.5M | Reduce -6.2% |
| VIG Vanguard Dividend Apprec ETF | 3.73% | 33,461 | $6.6M | Reduce -21.6% |
| SCHI Schwab 5-10 Year Corporate B | 3.49% | 277,829 | $6.1M | Add +1.7% |
| TSLA Tesla Inc. | 2.97% | 12,913 | $5.2M | Reduce -20.4% |
| BX Blackstone Inc. | 2.82% | 28,777 | $5.0M | Reduce -7.7% |
| GOOG Alphabet Inc. Class C | 2.27% | 20,930 | $4.0M | Add +24.9% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 2.23% | 118,068 | $3.9M | Reduce -7.0% |
| SCHQ Schwab Long-Term US Treasury | 2.21% | 123,441 | $3.9M | Add +2.9% |
| AMZN Amazon.com Inc. | 2.20% | 17,592 | $3.9M | Add +5.1% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 2.13% | 106,014 | $3.7M | Add +23.2% |
| MSFT Microsoft Corp. | 1.79% | 7,483 | $3.2M | Add +1.2% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 1.57% | 118,651 | $2.8M | Add +6.7% |
| SMH Vaneck Semiconductor ETF | 1.56% | 11,347 | $2.7M | Reduce -2.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.41% | 4,850 | $2.5M | Add +8.4% |
| GOOGL Alphabet Inc. Class A | 1.28% | 11,882 | $2.2M | Add +9.9% |
| CRM Salesforce Inc. | 1.20% | 6,325 | $2.1M | Reduce -12.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.09% | 4,515 | $1.9M | Reduce -1.5% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.96% | 56,788 | $1.7M | Add +3.0% |
| SCHR Schwab Intermediate-Term US | 0.96% | 69,260 | $1.7M | Add +37.3% |
| USO United States Oil Fund LP | 0.86% | 20,051 | $1.5M | New |
| XLK SS Technology Select Sector | 0.75% | 5,694 | $1.3M | Reduce -5.0% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.75% | 45,563 | $1.3M | Add +3.0% |
| SCHZ Schwab US Aggregate Bond ETF | 0.75% | 58,294 | $1.3M | Add +285.0% |
| VOO Vanguard S&P 500 ETF | 0.73% | 2,394 | $1.3M | Add +0.1% |
| XYLD Global X S&P 500 Cove Call E | 0.70% | 29,532 | $1.2M | Add +2.9% |
| QYLD Global X Nasd 100 Cov Call | 0.64% | 61,307 | $1.1M | Add +6.1% |
| META Meta Platforms Inc. Class A | 0.51% | 1,538 | $900K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.50% | 3,049 | $884K | Reduce -8.5% |
| BLOK Amplify Blockchain Tech ETF | 0.49% | 20,130 | $869K | Reduce -2.4% |
| V Visa Inc. Class A | 0.48% | 2,685 | $849K | Add +0.2% |
| COST Costco Wholesale Corp. | 0.48% | 912 | $836K | Reduce -14.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.46% | 7,619 | $814K | Reduce -3.9% |
| AMD Advanced Micro Devices | 0.45% | 6,597 | $797K | Reduce -4.7% |
| ADBE Adobe Inc. | 0.45% | 1,777 | $790K | Reduce -11.0% |
| IUSG iShares Core S&P U.S. Growth | 0.44% | 5,565 | $775K | Reduce -4.4% |
| XLRE SS Real Estate Select Sector | 0.42% | 18,286 | $744K | Reduce -0.7% |
| USLM United States Lime & Mineral | 0.41% | 5,458 | $724K | Reduce -3.9% |
| ABBV Abbvie Inc. | 0.40% | 4,000 | $711K | Add +0.1% |
| OKE Oneok Inc. | 0.38% | 6,721 | $675K | Add +0.3% |
| AGX Argan Inc. | 0.37% | 4,770 | $654K | No change |
| KIE SS SPDR S&P Insurance ETF | 0.37% | 11,530 | $652K | Reduce -5.0% |
| VWO Vanguard Ftse Emerging Marke | 0.37% | 14,601 | $643K | Add +0.4% |
| KLAC KLA Corp. | 0.37% | 1,020 | $643K | Reduce -2.9% |
| SCHK Schwab 1000 Index ETF | 0.36% | 22,383 | $634K | Reduce -12.5% |
| RSPT Invesco S&P 500 Equal Weight | 0.35% | 16,600 | $621K | No change |
| XLC SS Comm Select Sector SPDR | 0.35% | 6,364 | $616K | Add +30.9% |
| PDI PIMCO Dynamic Income Fund | 0.34% | 32,267 | $592K | Reduce -37.1% |
| XTL SS SPDR S&P Telecom ETF | 0.33% | 5,410 | $579K | Add +80.3% |
| STAG Stag Industrial Inc. | 0.32% | 16,693 | $565K | Reduce -3.2% |
| AMAT Applied Materials Inc. | 0.32% | 3,451 | $561K | Add +0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 7,348 | $556K | Reduce -17.8% |
| CAT Caterpillar Inc. | 0.32% | 1,531 | $555K | Add +0.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.31% | 1,964 | $550K | Add +21.8% |
| CIBR First Trust Nasdaq Cybersecu | 0.31% | 8,545 | $542K | Add +2.4% |
| LLY Eli Lilly & Co. | 0.31% | 699 | $540K | Reduce -32.6% |
| ARIS WATER SOLUTIONS INC-A | 0.30% | 22,377 | $536K | Reduce -8.1% |
| XLF SS Financial Select Sector | 0.30% | 10,866 | $525K | Add +0.4% |
| JPM JPMorgan Chase & Co. | 0.28% | 2,054 | $492K | Add +1.6% |
| XLI SS Industrial Select Sector | 0.27% | 3,584 | $472K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.27% | 1,962 | $471K | Add +0.7% |
| QCOM Qualcomm Inc. | 0.27% | 3,065 | $471K | Add +10.1% |
| KTOS Kratos Defense & Security | 0.27% | 17,700 | $467K | No change |
| IMCG iShares Morningstar Mid-Cap | 0.26% | 6,099 | $461K | Add +9.2% |
| HESM Hess Midstream LP Class A | 0.26% | 12,419 | $460K | Add +1.9% |
| IVV iShares Core S&P 500 ETF | 0.26% | 773 | $455K | Reduce -23.9% |
| NFLX Netflix Inc. | 0.26% | 506 | $451K | Reduce -28.3% |
| HACK Amplify Cybersecurity ETF | 0.24% | 5,736 | $427K | Add +11.8% |
| VCTR Victory Capital Holding - A | 0.24% | 6,460 | $423K | Reduce -0.8% |
| FIW First Trust Water ETF | 0.24% | 4,112 | $420K | Add +2.1% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 2,506 | $418K | Add +0.1% |
| FISV Fiserv Inc. | 0.23% | 1,976 | $406K | Reduce -2.0% |
| AMGN Amgen Inc. | 0.23% | 1,553 | $405K | Add +35.9% |
| PANW Palo Alto Networks Inc. | 0.23% | 2,200 | $400K | Add +37.5% |
| PGR Progressive Corp. | 0.22% | 1,650 | $395K | No change |
| LEN Lennar Corp. Class A | 0.22% | 2,853 | $389K | Reduce -10.1% |
| ETR Entergy Corp. | 0.21% | 4,900 | $372K | No change |
| GLD SPDR Gold Shares | 0.21% | 1,534 | $371K | Add +1.5% |
| SPG Simon Property Group Inc. | 0.21% | 2,121 | $365K | Add +1.1% |
| IWM iShares Russell 2000 ETF | 0.21% | 1,649 | $364K | Add +14.0% |
| LRCX Lam Research Corp. | 0.21% | 5,036 | $364K | Add +0.1% |
| SCHA Schwab US Small-Cap ETF | 0.21% | 13,962 | $361K | Add +2.9% |
| AXON Axon Enterprise Inc. | 0.20% | 577 | $343K | Reduce -3.8% |
| TEI Templeton Emrg MKTS Inc. | 0.19% | 66,645 | $342K | Add +93.0% |
| ORCL Oracle Corp. | 0.19% | 2,038 | $340K | Reduce -2.2% |
| IWO iShares Russell 2000 Growth | 0.19% | 1,175 | $338K | Add +9.8% |
| CVX Chevron Corp. | 0.19% | 2,286 | $331K | Reduce -7.2% |
| TLT iShares 20+ Year Treasury BD | 0.19% | 3,727 | $325K | Add +13.2% |
| ARM Arm Holdings PLC-ADR | 0.18% | 2,600 | $321K | Reduce -7.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 707 | $320K | Add +2.9% |
| ACHR Archer Aviation Inc. Class A | 0.18% | 32,854 | $320K | Reduce -33.6% |
| MS Morgan Stanley | 0.18% | 2,531 | $318K | Add +1.4% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 603 | $314K | Reduce -25.4% |
| SCHM Schwab US Mid Cap ETF | 0.18% | 11,308 | $313K | Add +0.4% |
| KGC Kinross Gold Corp. | 0.17% | 32,000 | $297K | Reduce -13.5% |
| HON Honeywell International Inc. | 0.16% | 1,247 | $282K | Add +0.5% |
| ALSN Allison Transmission Holding | 0.16% | 2,600 | $281K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $827K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 11,140 | $456K | Add +53.9% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 305 | $371K | Add +1.7% |
Total filed on the 13F, all lines: $176.6M.
Portfolio Sells Q3 2024 → Q4 2024
| VIG Vanguard Dividend Apprec ETF | Reduce -21.6% | 3.73% | −1.20 |
| VCRB Vanguard Core Bond ETF | Reduce -6.2% | 4.27% | −0.60 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -7.0% | 2.23% | −0.53 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.45 |
| VPLS Vanguard Core-Plus Bond ETF | Sold out | 0.00% | −0.28 |
| PDI PIMCO Dynamic Income Fund | Reduce -37.1% | 0.34% | −0.27 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.24 |
| LLY Eli Lilly & Co. | Reduce -32.6% | 0.31% | −0.23 |
| AMD Advanced Micro Devices | Reduce -4.7% | 0.45% | −0.21 |
| XHB SS SPDR S&P Homebldrs ETF | Sold out | 0.00% | −0.21 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.19 |
| REX Rex American Resources Corp. | Sold out | 0.00% | −0.17 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.16 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.16 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -47.6% | 0.14% | −0.16 |
| ADBE Adobe Inc. | Reduce -11.0% | 0.45% | −0.15 |
| EZA iShares MSCI South Africa Et | Sold out | 0.00% | −0.15 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.15 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.15 |
| ANGL Vaneck Fallen Angel High YLD | Sold out | 0.00% | −0.13 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.13 |
| LEN Lennar Corp. Class A | Reduce -10.1% | 0.22% | −0.13 |
| HRB H&R Block Inc. | Sold out | 0.00% | −0.12 |
| SPLB SS SPDR P Long Term C ETF | Sold out | 0.00% | −0.12 |
| TMO Thermo Fisher Scientific Inc. | Reduce -25.4% | 0.18% | −0.11 |
| KLAC KLA Corp. | Reduce -2.9% | 0.37% | −0.11 |
| SMH Vaneck Semiconductor ETF | Reduce -2.8% | 1.56% | −0.11 |
| LOCO El Pollo Loco Holdings Inc. | Sold out | 0.00% | −0.09 |
| IVV iShares Core S&P 500 ETF | Reduce -23.9% | 0.26% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -14.4% | 0.48% | −0.08 |
| STAG Stag Industrial Inc. | Reduce -3.2% | 0.32% | −0.07 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -3.9% | 0.46% | −0.06 |
| XLRE SS Real Estate Select Sector | Reduce -0.7% | 0.42% | −0.06 |
| SCHK Schwab 1000 Index ETF | Reduce -12.5% | 0.36% | −0.05 |
| ARM Arm Holdings PLC-ADR | Reduce -7.1% | 0.18% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -8.5% | 0.50% | −0.05 |
| CUBE Cubesmart | Reduce -7.7% | 0.12% | −0.05 |
| ZTS Zoetis Inc. | Reduce -7.1% | 0.12% | −0.04 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -1.5% | 1.09% | −0.04 |
| XLK SS Technology Select Sector | Reduce -5.0% | 0.75% | −0.04 |
| NFLX Netflix Inc. | Reduce -28.3% | 0.26% | −0.04 |
| KGC Kinross Gold Corp. | Reduce -13.5% | 0.17% | −0.03 |
| KIE SS SPDR S&P Insurance ETF | Reduce -5.0% | 0.37% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -3.8% | 0.12% | −0.03 |
| LAND Gladstone Land Corp. | Reduce -2.3% | 0.07% | −0.03 |
| FNF Fidelity National Financial | Reduce -4.6% | 0.13% | −0.02 |
| CVX Chevron Corp. | Reduce -7.2% | 0.19% | −0.02 |
| ORCL Oracle Corp. | Reduce -2.2% | 0.19% | −0.01 |
| IUSG iShares Core S&P U.S. Growth | Reduce -4.4% | 0.44% | −0.01 |
| ET Energy Transfer LP | Reduce -8.5% | 0.13% | +0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| USO United States Oil Fund LP | New | 0.86% | +0.86 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.3% | 9.05% | +0.67 |
| GOOG Alphabet Inc. Class C | Add +24.9% | 2.27% | +0.63 |
| SCHZ Schwab US Aggregate Bond ETF | Add +285.0% | 0.75% | +0.54 |
| AMZN Amazon.com Inc. | Add +5.1% | 2.20% | +0.38 |
| CGDV Cap Group Dividend Value | Add +23.2% | 2.13% | +0.30 |
| XLI SS Industrial Select Sector | New | 0.27% | +0.27 |
| GOOGL Alphabet Inc. Class A | Add +9.9% | 1.28% | +0.23 |
| SCHR Schwab Intermediate-Term US | Add +37.3% | 0.96% | +0.21 |
| XTL SS SPDR S&P Telecom ETF | Add +80.3% | 0.33% | +0.15 |
| XLY SS Consumer Disc Select Sect | New | 0.14% | +0.14 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.4% | 1.41% | +0.14 |
| AI C3.AI Inc. Class A | New | 0.14% | +0.14 |
| LULU Lululemon Athletica Inc. | New | 0.14% | +0.14 |
| SLM SLM Corp. | New | 0.13% | +0.13 |
| OKLO Oklo Inc. | New | 0.13% | +0.13 |
| GILD Gilead Sciences Inc. | New | 0.13% | +0.13 |
| KCE SS SPDR S&P Cap MKTS ETF | New | 0.13% | +0.13 |
| NOW ServiceNow Inc. | New | 0.12% | +0.12 |
| MAIN Main Street Capital Corp. | New | 0.12% | +0.12 |
| SLB SLB Ltd. | New | 0.12% | +0.12 |
| ISRG Intuitive Surgical Inc. | New | 0.12% | +0.12 |
| XLC SS Comm Select Sector SPDR | Add +30.9% | 0.35% | +0.09 |
| CLF Cleveland-Cliffs Inc. | New | 0.08% | +0.08 |
| TEI Templeton Emrg MKTS Inc. | Add +93.0% | 0.19% | +0.08 |
| PANW Palo Alto Networks Inc. | Add +37.5% | 0.23% | +0.07 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +21.8% | 0.31% | +0.06 |
| V Visa Inc. Class A | Add +0.2% | 0.48% | +0.05 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Add +6.7% | 1.57% | +0.05 |
| JOBY Joby Aviation Inc. | Add +48.7% | 0.08% | +0.04 |
| HACK Amplify Cybersecurity ETF | Add +11.8% | 0.24% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +1.6% | 0.28% | +0.03 |
| MS Morgan Stanley | Add +1.4% | 0.18% | +0.03 |
| QYLD Global X Nasd 100 Cov Call | Add +6.1% | 0.64% | +0.03 |
| OKE Oneok Inc. | Add +0.3% | 0.38% | +0.03 |
| IMCG iShares Morningstar Mid-Cap | Add +9.2% | 0.26% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +14.0% | 0.21% | +0.02 |
| CIBR First Trust Nasdaq Cybersecu | Add +2.4% | 0.31% | +0.02 |
| AMGN Amgen Inc. | Add +35.9% | 0.23% | +0.02 |
| IWO iShares Russell 2000 Growth | Add +9.8% | 0.19% | +0.02 |
| XLF SS Financial Select Sector | Add +0.4% | 0.30% | +0.01 |
| HESM Hess Midstream LP Class A | Add +1.9% | 0.26% | +0.01 |
| HON Honeywell International Inc. | Add +0.5% | 0.16% | +0.01 |
| XYLD Global X S&P 500 Cove Call E | Add +2.9% | 0.70% | +0.01 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +3.0% | 0.96% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Add +2.9% | 0.21% | +0.00 |
| SPG Simon Property Group Inc. | Add +1.1% | 0.21% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.7% | 0.27% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.1% | 0.73% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.9% | 0.18% | −0.00 |
Options Activity Q3 2024 → Q4 2024
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 11,000 | $40Kbefore exit |
| XLF SS Financial Select Sector | put | Sold out | 17,000 | $19Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +53.9% | 11,140 | $456K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +1.7% | 305 | $371K |
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 | 169 | $252.8M | SCHG, AAPL, SPY, CGDV, NVDA |
| Q1 2026 | 169 | $235.8M | SPY, SCHG, AAPL, CGDV, NVDA |
| Q4 2025 | 162 | $226.2M | SPY, SCHG, AAPL, CGDV, NVDA |
| Q3 2025 | 150 | $220.8M | SPY, SCHG, AAPL, CGDV, NVDA |
| Q2 2025 | 147 | $196.0M | SPY, SCHG, AAPL, CGDV, VCRB |
| Q1 2025 | 136 | $172.4M | SPY, AAPL, SCHG, VCRB, CGDV |
| Q4 2024 | 131 | $175.8M | SPY, AAPL, SCHG, NVDA, VCRB |
| Q3 2024 | 133 | $171.6M | AAPL, SPY, SCHG, VIG, VCRB |
| Q2 2024 | 131 | $160.0M | AAPL, SPY, SCHG, VIG, VCRB |
| Q1 2024 | 122 | $146.9M | SPY, SCHG, AAPL, VIG, SCHZ |