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

0$100.0M$200.0M$300.0M Q1 2024: $146.9M Q1 2024 Q2 2024: $160.0M Q2 2024 Q3 2024: $171.6M Q3 2024 Q4 2024: $175.8M $175.8M Q4 2024 Q1 2025: $172.4M Q1 2025 Q2 2025: $196.0M Q2 2025 Q3 2025: $220.8M Q3 2025 Q4 2025: $226.2M Q4 2025 Q1 2026: $235.8M Q1 2026 Q2 2026: $252.8M Q2 2026

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
XSD SS SPDR S&P Semiconductor 0.16% 1,125 $280K No change
SPYV SS SPDR P S&P 500 Value ETF 0.15% 5,068 $259K Add +0.4%
MMM 3M Co. 0.15% 2,000 $258K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.15% 907 $257K Add +0.2%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.14% 3,320 $251K Reduce -47.6%
XLY SS Consumer Disc Select Sect 0.14% 1,117 $251K New
LDOS Leidos Holdings Inc. 0.14% 1,740 $251K No change
FRT Federal Realty Invs Trust 0.14% 2,172 $243K Add +1.0%
AI C3.AI Inc. Class A 0.14% 7,033 $242K New
LULU Lululemon Athletica Inc. 0.14% 621 $237K New
SLM SLM Corp. 0.13% 8,538 $235K New
PRTH Priority Technology Holdings 0.13% 20,000 $235K No change
ET Energy Transfer LP 0.13% 11,866 $232K Reduce -8.5%
OKLO Oklo Inc. 0.13% 10,670 $227K New
GILD Gilead Sciences Inc. 0.13% 2,407 $222K New
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 0.13% 2,475 $222K Add +0.4%
PYPL PayPal Holdings Inc. 0.13% 2,600 $222K No change
FNF Fidelity National Financial 0.13% 3,948 $222K Reduce -4.6%
KCE SS SPDR S&P Cap MKTS ETF 0.13% 1,607 $221K New
NOW ServiceNow Inc. 0.12% 203 $215K New
MAIN Main Street Capital Corp. 0.12% 3,632 $213K New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.12% 5,500 $211K New
ZTS Zoetis Inc. 0.12% 1,283 $209K Reduce -7.1%
ISRG Intuitive Surgical Inc. 0.12% 400 $209K New
CUBE Cubesmart 0.12% 4,782 $205K Reduce -7.7%
UNH Unitedhealth Group Inc. 0.12% 403 $204K Reduce -3.8%
XAWFX Alliancebernstein GL Hi Inc. 0.08% 13,842 $149K Add +1.8%
CLF Cleveland-Cliffs Inc. 0.08% 15,000 $141K New
JOBY Joby Aviation Inc. 0.08% 16,804 $137K Add +48.7%
LAND Gladstone Land Corp. 0.07% 11,890 $129K Reduce -2.3%
EOSE Eos Energy Enterprises Inc. 0.03% 10,700 $52K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $827K (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 11,140$456KAdd +53.9%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 305$371KAdd +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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 169$252.8MSCHG, AAPL, SPY, CGDV, NVDA
Q1 2026 169$235.8MSPY, SCHG, AAPL, CGDV, NVDA
Q4 2025 162$226.2MSPY, SCHG, AAPL, CGDV, NVDA
Q3 2025 150$220.8MSPY, SCHG, AAPL, CGDV, NVDA
Q2 2025 147$196.0MSPY, SCHG, AAPL, CGDV, VCRB
Q1 2025 136$172.4MSPY, AAPL, SCHG, VCRB, CGDV
Q4 2024 131$175.8MSPY, AAPL, SCHG, NVDA, VCRB
Q3 2024 133$171.6MAAPL, SPY, SCHG, VIG, VCRB
Q2 2024 131$160.0MAAPL, SPY, SCHG, VIG, VCRB
Q1 2024 122$146.9MSPY, SCHG, AAPL, VIG, SCHZ