Kaizen Financial Strategies
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Kaizen Financial Strategies reported 136 stock positions worth $172.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.4% of the portfolio, followed by Apple (AAPL, 7.9%) and Schwab US Large-Cap Growth (SCHG, 7.7%). Compared with Q4 2024, it opened 17 new positions, sold out of 12, added to 62 and reduced 44. The biggest buy was Cap Group Dividend Value (CGDV, shares +121%) and the biggest sale Vanguard Dividend Apprec ETF (VIG, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- CAMPBELL, CA
- CIK
- 0001842013
- Portfolio Value
- $172.4M (Q1 2025)
- SEC Filing
- 0001085146-25-001936 ↗ filed Apr 9, 2025
Holdings Value
Holdings 136 stocks · $172.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 9.36% | 28,840 | $16.1M | Add +6.3% |
| AAPL Apple Inc. | 7.93% | 61,514 | $13.7M | Reduce -3.1% |
| SCHG Schwab US Large-Cap Growth | 7.67% | 527,942 | $13.2M | Add +4.3% |
| VCRB Vanguard Core Bond ETF | 5.36% | 119,448 | $9.2M | Add +20.5% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 4.85% | 234,686 | $8.4M | Add +121.4% |
| SCHI Schwab 5-10 Year Corporate B | 3.97% | 304,371 | $6.8M | Add +9.6% |
| NVDA Nvidia Corp. | 3.75% | 59,613 | $6.5M | Add +3.0% |
| SCHQ Schwab Long-Term US Treasury | 2.41% | 126,810 | $4.2M | Add +2.7% |
| BX Blackstone Inc. | 2.36% | 29,056 | $4.1M | Add +1.0% |
| GOOG Alphabet Inc. Class C | 2.14% | 23,593 | $3.7M | Add +12.7% |
| JIRE JPMorgan Int Res Enh Eqty | 1.95% | 52,848 | $3.4M | New |
| AMZN Amazon.com Inc. | 1.95% | 17,683 | $3.4M | Add +0.5% |
| VIG Vanguard Dividend Apprec ETF | 1.95% | 17,318 | $3.4M | Reduce -48.2% |
| TSLA Tesla Inc. | 1.77% | 11,744 | $3.0M | Reduce -9.1% |
| MSFT Microsoft Corp. | 1.67% | 7,674 | $2.9M | Add +2.5% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 1.58% | 118,327 | $2.7M | Reduce -0.3% |
| SMH Vaneck Semiconductor ETF | 1.42% | 11,591 | $2.5M | Add +2.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.25% | 4,600 | $2.2M | Reduce -5.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.23% | 5,039 | $2.1M | Add +11.6% |
| GOOGL Alphabet Inc. Class A | 1.09% | 12,144 | $1.9M | Add +2.2% |
| CRM Salesforce Inc. | 1.00% | 6,396 | $1.7M | Add +1.1% |
| XYLD Global X S&P 500 Cove Call E | 0.97% | 42,207 | $1.7M | Add +42.9% |
| SCHR Schwab Intermediate-Term US | 0.96% | 66,869 | $1.7M | Reduce -3.5% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.88% | 55,113 | $1.5M | Reduce -3.0% |
| XLK SS Technology Select Sector | 0.87% | 7,295 | $1.5M | Add +28.1% |
| QYLD Global X Nasd 100 Cov Call | 0.87% | 89,714 | $1.5M | Add +46.3% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.81% | 45,433 | $1.4M | Reduce -0.3% |
| USO United States Oil Fund LP | 0.75% | 16,672 | $1.3M | Reduce -16.9% |
| VOO Vanguard S&P 500 ETF | 0.72% | 2,407 | $1.2M | Add +0.5% |
| COST Costco Wholesale Corp. | 0.61% | 1,119 | $1.1M | Add +22.7% |
| META Meta Platforms Inc. Class A | 0.56% | 1,690 | $974K | Add +9.9% |
| V Visa Inc. Class A | 0.55% | 2,697 | $945K | Add +0.5% |
| ABBV Abbvie Inc. | 0.51% | 4,200 | $880K | Add +5.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.49% | 3,049 | $838K | No change |
| XLRE SS Real Estate Select Sector | 0.47% | 19,508 | $816K | Add +6.7% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.47% | 22,258 | $804K | Reduce -81.2% |
| BLOK Amplify Blockchain Tech ETF | 0.43% | 20,130 | $742K | No change |
| XLF SS Financial Select Sector | 0.42% | 14,546 | $725K | Add +33.9% |
| ADBE Adobe Inc. | 0.41% | 1,829 | $701K | Add +2.9% |
| VWO Vanguard Ftse Emerging Marke | 0.41% | 15,474 | $700K | Add +6.0% |
| AMD Advanced Micro Devices | 0.39% | 6,620 | $680K | Add +0.3% |
| OKE Oneok Inc. | 0.39% | 6,790 | $674K | Add +1.0% |
| LLY Eli Lilly & Co. | 0.39% | 813 | $671K | Add +16.3% |
| IUSG iShares Core S&P U.S. Growth | 0.38% | 5,180 | $658K | Reduce -6.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.38% | 5,975 | $649K | Reduce -21.6% |
| VGSH Vanguard Short-Term Treasury | 0.38% | 11,041 | $648K | New |
| PDI PIMCO Dynamic Income Fund | 0.37% | 32,347 | $640K | Add +0.3% |
| ARIS WATER SOLUTIONS INC-A | 0.37% | 19,850 | $636K | Reduce -11.3% |
| AGX Argan Inc. | 0.36% | 4,770 | $626K | No change |
| TEI Templeton Emrg MKTS Inc. | 0.36% | 115,179 | $620K | Add +72.8% |
| XTL SS SPDR S&P Telecom ETF | 0.36% | 6,150 | $615K | Add +13.7% |
| XLC SS Comm Select Sector SPDR | 0.35% | 6,266 | $604K | Reduce -1.5% |
| STAG Stag Industrial Inc. | 0.35% | 16,490 | $596K | Reduce -1.2% |
| PLTR Palantir Technologies Inc. Class A | 0.34% | 6,932 | $585K | Reduce -5.7% |
| IWM iShares Russell 2000 ETF | 0.33% | 2,851 | $569K | Add +72.9% |
| RSPT Invesco S&P 500 Equal Weight | 0.33% | 16,600 | $568K | No change |
| CIBR First Trust Nasdaq Cybersecu | 0.31% | 8,545 | $538K | No change |
| HESM Hess Midstream LP Class A | 0.31% | 12,591 | $532K | Add +1.4% |
| XITK SS SPDR F Inno Tech ETF | 0.31% | 3,314 | $530K | New |
| USLM United States Lime & Mineral | 0.30% | 5,891 | $521K | Add +7.9% |
| JPM JPMorgan Chase & Co. | 0.29% | 2,061 | $506K | Add +0.3% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 2,516 | $504K | Add +0.4% |
| KTOS Kratos Defense & Security | 0.29% | 16,900 | $502K | Reduce -4.5% |
| NFLX Netflix Inc. | 0.29% | 534 | $498K | Add +5.5% |
| KIE SS SPDR S&P Insurance ETF | 0.29% | 8,200 | $496K | Reduce -28.9% |
| AMGN Amgen Inc. | 0.28% | 1,565 | $487K | Add +0.8% |
| AMAT Applied Materials Inc. | 0.28% | 3,353 | $487K | Reduce -2.8% |
| CAT Caterpillar Inc. | 0.27% | 1,436 | $474K | Reduce -6.2% |
| PGR Progressive Corp. | 0.27% | 1,654 | $468K | Add +0.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.27% | 1,829 | $461K | Reduce -6.9% |
| QCOM Qualcomm Inc. | 0.26% | 2,949 | $453K | Reduce -3.8% |
| SCHK Schwab 1000 Index ETF | 0.26% | 16,562 | $446K | Reduce -26.0% |
| XSW SS SPDR S&P Soft & Serv ETF | 0.26% | 2,760 | $441K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.25% | 1,960 | $435K | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.25% | 773 | $434K | No change |
| XSD SS SPDR S&P Semiconductor | 0.24% | 2,075 | $417K | Add +84.4% |
| ETR Entergy Corp. | 0.24% | 4,867 | $416K | Reduce -0.7% |
| IMCG iShares Morningstar Mid-Cap | 0.24% | 5,804 | $415K | Reduce -4.8% |
| SCHA Schwab US Small-Cap ETF | 0.24% | 17,604 | $412K | Add +26.1% |
| CVX Chevron Corp. | 0.24% | 2,465 | $412K | Add +7.8% |
| ACHR Archer Aviation Inc. Class A | 0.24% | 57,151 | $406K | Add +74.0% |
| FIW First Trust Water ETF | 0.23% | 3,916 | $394K | Reduce -4.8% |
| FISV Fiserv Inc. | 0.22% | 1,735 | $383K | Reduce -12.2% |
| KGC Kinross Gold Corp. | 0.22% | 30,100 | $380K | Reduce -5.9% |
| HACK Amplify Cybersecurity ETF | 0.22% | 5,235 | $376K | Reduce -8.7% |
| VCTR Victory Capital Holding - A | 0.22% | 6,460 | $374K | No change |
| GRMN Garmin Ltd. | 0.21% | 1,692 | $367K | New |
| LRCX Lam Research Corp. | 0.21% | 4,963 | $361K | Reduce -1.4% |
| PANW Palo Alto Networks Inc. | 0.21% | 2,100 | $358K | Reduce -4.5% |
| SPG Simon Property Group Inc. | 0.21% | 2,148 | $357K | Add +1.3% |
| LEN Lennar Corp. Class A | 0.20% | 3,031 | $348K | Add +6.2% |
| GLD SPDR Gold Shares | 0.20% | 1,177 | $339K | Reduce -23.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.19% | 624 | $332K | Reduce -11.7% |
| WSM Williams-Sonoma Inc. | 0.19% | 2,080 | $329K | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.18% | 911 | $314K | Add +0.4% |
| GLDM SPDR Gold Minishares Trust | 0.18% | 5,073 | $314K | New |
| MS Morgan Stanley | 0.18% | 2,617 | $305K | Add +3.4% |
| AXON Axon Enterprise Inc. | 0.18% | 578 | $304K | Add +0.2% |
| LULU Lululemon Athletica Inc. | 0.18% | 1,069 | $303K | Add +72.1% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 607 | $302K | Add +0.7% |
Options reported separately and not counted above: TQQQ calls ($6K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $937K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 14,353 | $583K | Add +28.8% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 286 | $354K | Reduce -6.2% |
Total filed on the 13F, all lines: $173.3M.
Portfolio Sells Q4 2024 → Q1 2025
| VIG Vanguard Dividend Apprec ETF | Reduce -48.2% | 1.95% | −1.78 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -81.2% | 0.47% | −1.76 |
| TSLA Tesla Inc. | Reduce -9.1% | 1.77% | −1.20 |
| AAPL Apple Inc. | Reduce -3.1% | 7.93% | −1.12 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -84.8% | 0.12% | −0.63 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.37 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.19 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.2% | 1.25% | −0.16 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.15 |
| AI C3.AI Inc. Class A | Sold out | 0.00% | −0.14 |
| PRTH Priority Technology Holdings | Sold out | 0.00% | −0.13 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.13 |
| KCE SS SPDR S&P Cap MKTS ETF | Sold out | 0.00% | −0.13 |
| MAIN Main Street Capital Corp. | Sold out | 0.00% | −0.12 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.12 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.12 |
| USO United States Oil Fund LP | Reduce -16.9% | 0.75% | −0.11 |
| XLI SS Industrial Select Sector | Reduce -40.6% | 0.16% | −0.11 |
| SCHK Schwab 1000 Index ETF | Reduce -26.0% | 0.26% | −0.10 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -21.6% | 0.38% | −0.09 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -3.0% | 0.88% | −0.08 |
| KIE SS SPDR S&P Insurance ETF | Reduce -28.9% | 0.29% | −0.08 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.08 |
| LAND Gladstone Land Corp. | Sold out | 0.00% | −0.07 |
| IUSG iShares Core S&P U.S. Growth | Reduce -6.9% | 0.38% | −0.06 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -6.9% | 0.27% | −0.05 |
| CAT Caterpillar Inc. | Reduce -6.2% | 0.27% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -2.8% | 0.28% | −0.04 |
| ARM Arm Holdings PLC-ADR | Reduce -3.9% | 0.15% | −0.03 |
| IWO iShares Russell 2000 Growth | Reduce -4.3% | 0.17% | −0.03 |
| HACK Amplify Cybersecurity ETF | Reduce -8.7% | 0.22% | −0.03 |
| IMCG iShares Morningstar Mid-Cap | Reduce -4.8% | 0.24% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -4.3% | 0.12% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -4.5% | 0.21% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.1% | 0.25% | −0.02 |
| GLD SPDR Gold Shares | Reduce -23.3% | 0.20% | −0.01 |
| FIW First Trust Water ETF | Reduce -4.8% | 0.23% | −0.01 |
| FISV Fiserv Inc. | Reduce -12.2% | 0.22% | −0.01 |
| ET Energy Transfer LP | Reduce -2.1% | 0.13% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -3.8% | 0.26% | −0.01 |
| CUBE Cubesmart | Reduce -1.9% | 0.12% | −0.00 |
| XLC SS Comm Select Sector SPDR | Reduce -1.5% | 0.35% | +0.00 |
| LRCX Lam Research Corp. | Reduce -1.4% | 0.21% | +0.00 |
| SCHR Schwab Intermediate-Term US | Reduce -3.5% | 0.96% | +0.01 |
| SLB SLB Ltd. | Reduce -3.4% | 0.13% | +0.01 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -0.3% | 1.58% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.7% | 0.19% | +0.01 |
| GILD Gilead Sciences Inc. | Reduce -7.8% | 0.14% | +0.02 |
| MMM 3M Co. | Reduce -1.3% | 0.17% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Reduce -5.7% | 0.34% | +0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| CGDV Cap Group Dividend Value | Add +121.4% | 4.85% | +2.73 |
| JIRE JPMorgan Int Res Enh Eqty | New | 1.95% | +1.95 |
| VCRB Vanguard Core Bond ETF | Add +20.5% | 5.36% | +1.09 |
| SCHI Schwab 5-10 Year Corporate B | Add +9.6% | 3.97% | +0.48 |
| VGSH Vanguard Short-Term Treasury | New | 0.38% | +0.38 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.3% | 9.36% | +0.31 |
| XITK SS SPDR F Inno Tech ETF | New | 0.31% | +0.31 |
| XYLD Global X S&P 500 Cove Call E | Add +42.9% | 0.97% | +0.26 |
| XSW SS SPDR S&P Soft & Serv ETF | New | 0.26% | +0.26 |
| QYLD Global X Nasd 100 Cov Call | Add +46.3% | 0.87% | +0.23 |
| GRMN Garmin Ltd. | New | 0.21% | +0.21 |
| SCHQ Schwab Long-Term US Treasury | Add +2.7% | 2.41% | +0.20 |
| WSM Williams-Sonoma Inc. | New | 0.19% | +0.19 |
| GLDM SPDR Gold Minishares Trust | New | 0.18% | +0.18 |
| TEI Templeton Emrg MKTS Inc. | Add +72.8% | 0.36% | +0.16 |
| OWL Blue Owl Capital Inc. | New | 0.14% | +0.14 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.14% | +0.14 |
| COST Costco Wholesale Corp. | Add +22.7% | 0.61% | +0.14 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.14% | +0.14 |
| EWP iShares MSCI Spain ETF | New | 0.13% | +0.13 |
| DIA SS SPDR Dow Jones Indus Avg | Add +11.6% | 1.23% | +0.13 |
| ABT Abbott Laboratories | New | 0.12% | +0.12 |
| IWM iShares Russell 2000 ETF | Add +72.9% | 0.33% | +0.12 |
| XLF SS Financial Select Sector | Add +33.9% | 0.42% | +0.12 |
| XLK SS Technology Select Sector | Add +28.1% | 0.87% | +0.12 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.12% | +0.12 |
| SMR Nuscale Power Corp. | New | 0.12% | +0.12 |
| EWC iShares MSCI Canada ETF | New | 0.12% | +0.12 |
| ANGL Vaneck Fallen Angel High YLD | New | 0.12% | +0.12 |
| ABBV Abbvie Inc. | Add +5.0% | 0.51% | +0.11 |
| XSD SS SPDR S&P Semiconductor | Add +84.4% | 0.24% | +0.08 |
| LLY Eli Lilly & Co. | Add +16.3% | 0.39% | +0.08 |
| V Visa Inc. Class A | Add +0.5% | 0.55% | +0.07 |
| DEA Easterly Govt Pptys Inc. | New | 0.06% | +0.06 |
| XAWFX Alliancebernstein GL Hi Inc. | Add +65.6% | 0.14% | +0.06 |
| GE General Electric | Add +0.4% | 0.29% | +0.05 |
| ACHR Archer Aviation Inc. Class A | Add +74.0% | 0.24% | +0.05 |
| META Meta Platforms Inc. Class A | Add +9.9% | 0.56% | +0.05 |
| AMGN Amgen Inc. | Add +0.8% | 0.28% | +0.05 |
| CVX Chevron Corp. | Add +7.8% | 0.24% | +0.05 |
| XLRE SS Real Estate Select Sector | Add +6.7% | 0.47% | +0.05 |
| HESM Hess Midstream LP Class A | Add +1.4% | 0.31% | +0.05 |
| PGR Progressive Corp. | Add +0.2% | 0.27% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +30.3% | 0.16% | +0.04 |
| OKLO Oklo Inc. | Add +26.7% | 0.17% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +6.0% | 0.41% | +0.04 |
| LULU Lululemon Athletica Inc. | Add +72.1% | 0.18% | +0.04 |
| AJG Arthur J Gallagher & Co. | Add +0.4% | 0.18% | +0.04 |
| PDI PIMCO Dynamic Income Fund | Add +0.3% | 0.37% | +0.03 |
| SCHA Schwab US Small-Cap ETF | Add +26.1% | 0.24% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| TQQQ Proshares Ultrapro QQQ | call | New | 14,400 | $6K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +28.8% | 14,353 | $583K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -6.2% | 286 | $354K |
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 |