Kaizen Financial Strategies
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Kaizen Financial Strategies reported 147 stock positions worth $196.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.5% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 8.0%) and Apple (AAPL, 6.5%). Compared with Q1 2025, it opened 19 new positions, sold out of 8, added to 66 and reduced 48. The biggest buy was JPMorgan Int Res Enh Eqty (JIRE, shares +26%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- CAMPBELL, CA
- CIK
- 0001842013
- Portfolio Value
- $196.0M (Q2 2025)
- SEC Filing
- 0001085146-25-004697 ↗ filed Aug 8, 2025
Holdings Value
Holdings 147 stocks · $196.0M
| SPY SS SPDR S&P 500 ETF Trust-US | 8.46% | 26,858 | $16.6M | Reduce -6.9% |
| SCHG Schwab US Large-Cap Growth | 7.97% | 534,786 | $15.6M | Add +1.3% |
| AAPL Apple Inc. | 6.47% | 61,808 | $12.7M | Add +0.5% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 4.98% | 247,459 | $9.8M | Add +5.4% |
| VCRB Vanguard Core Bond ETF | 4.86% | 122,783 | $9.5M | Add +2.8% |
| NVDA Nvidia Corp. | 4.71% | 58,472 | $9.2M | Reduce -1.9% |
| SCHI Schwab 5-10 Year Corporate B | 3.64% | 313,304 | $7.1M | Add +2.9% |
| JIRE JPMorgan Int Res Enh Eqty | 2.40% | 66,401 | $4.7M | Add +25.6% |
| AMZN Amazon.com Inc. | 2.39% | 21,393 | $4.7M | Add +21.0% |
| BX Blackstone Inc. | 2.28% | 29,940 | $4.5M | Add +3.0% |
| GOOG Alphabet Inc. Class C | 2.13% | 23,503 | $4.2M | Reduce -0.4% |
| MSFT Microsoft Corp. | 1.99% | 7,836 | $3.9M | Add +2.1% |
| SCHQ Schwab Long-Term US Treasury | 1.93% | 118,697 | $3.8M | Reduce -6.4% |
| VIG Vanguard Dividend Apprec ETF | 1.70% | 16,253 | $3.3M | Reduce -6.2% |
| SMH Vaneck Semiconductor ETF | 1.64% | 11,511 | $3.2M | Reduce -0.7% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 1.44% | 117,633 | $2.8M | Reduce -0.6% |
| TSLA Tesla Inc. | 1.39% | 8,587 | $2.7M | Reduce -26.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.27% | 4,528 | $2.5M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 1.17% | 12,980 | $2.3M | Add +6.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.03% | 4,571 | $2.0M | Reduce -9.3% |
| XLK SS Technology Select Sector | 0.92% | 7,097 | $1.8M | Reduce -2.7% |
| SCHR Schwab Intermediate-Term US | 0.90% | 70,697 | $1.8M | Add +5.7% |
| CRM Salesforce Inc. | 0.87% | 6,257 | $1.7M | Reduce -2.2% |
| LLY Eli Lilly & Co. | 0.82% | 2,053 | $1.6M | Add +152.5% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.80% | 54,470 | $1.6M | Reduce -1.2% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.72% | 42,779 | $1.4M | Reduce -5.8% |
| XYLD Global X S&P 500 Cove Call E | 0.72% | 36,017 | $1.4M | Reduce -14.7% |
| VOO Vanguard S&P 500 ETF | 0.71% | 2,435 | $1.4M | Add +1.2% |
| META Meta Platforms Inc. Class A | 0.70% | 1,866 | $1.4M | Add +10.4% |
| QYLD Global X Nasd 100 Cov Call | 0.63% | 74,113 | $1.2M | Reduce -17.4% |
| VGSH Vanguard Short-Term Treasury | 0.63% | 20,943 | $1.2M | Add +89.7% |
| BLOK Amplify Blockchain Tech ETF | 0.59% | 20,330 | $1.2M | Add +1.0% |
| COST Costco Wholesale Corp. | 0.58% | 1,155 | $1.1M | Add +3.2% |
| NFLX Netflix Inc. | 0.54% | 791 | $1.1M | Add +48.1% |
| AGX Argan Inc. | 0.52% | 4,620 | $1.0M | Reduce -3.1% |
| V Visa Inc. Class A | 0.52% | 2,864 | $1.0M | Add +6.2% |
| TEI Templeton Emrg MKTS Inc. | 0.50% | 163,840 | $983K | Add +42.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.47% | 3,049 | $927K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.46% | 18,381 | $909K | Add +18.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.45% | 22,258 | $891K | No change |
| AMD Advanced Micro Devices | 0.44% | 6,047 | $858K | Reduce -8.7% |
| PLTR Palantir Technologies Inc. Class A | 0.42% | 6,054 | $825K | Reduce -12.7% |
| XLF SS Financial Select Sector | 0.42% | 15,630 | $819K | Add +7.5% |
| ABBV Abbvie Inc. | 0.41% | 4,362 | $810K | Add +3.9% |
| XLRE SS Real Estate Select Sector | 0.40% | 19,118 | $792K | Reduce -2.0% |
| KTOS Kratos Defense & Security | 0.39% | 16,400 | $762K | Reduce -3.0% |
| XTL SS SPDR S&P Telecom ETF | 0.37% | 6,120 | $718K | Reduce -0.5% |
| ACHR Archer Aviation Inc. Class A | 0.36% | 65,951 | $716K | Add +15.4% |
| IUSG iShares Core S&P U.S. Growth | 0.36% | 4,732 | $712K | Reduce -8.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.36% | 6,356 | $697K | Add +6.4% |
| JPM JPMorgan Chase & Co. | 0.35% | 2,374 | $688K | Add +15.2% |
| XLC SS Comm Select Sector SPDR | 0.35% | 6,267 | $680K | Add +0.0% |
| PGR Progressive Corp. | 0.35% | 2,544 | $679K | Add +53.8% |
| ADBE Adobe Inc. | 0.34% | 1,746 | $675K | Reduce -4.5% |
| RSPT Invesco S&P 500 Equal Weight | 0.34% | 16,400 | $669K | Reduce -1.2% |
| CIBR First Trust Nasdaq Cybersecu | 0.33% | 8,656 | $654K | Add +1.3% |
| PDI PIMCO Dynamic Income Fund | 0.33% | 34,477 | $654K | Add +6.6% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 2,527 | $651K | Add +0.4% |
| ARM Arm Holdings PLC-ADR | 0.33% | 4,019 | $650K | Add +60.8% |
| OKLO Oklo Inc. | 0.33% | 11,477 | $643K | Reduce -15.1% |
| EDD Morgan Stanley Emrg MRK Dom | 0.33% | 125,004 | $640K | New |
| AMAT Applied Materials Inc. | 0.32% | 3,429 | $628K | Add +2.3% |
| XITK SS SPDR F Inno Tech ETF | 0.32% | 3,314 | $628K | No change |
| SMR Nuscale Power Corp. | 0.32% | 15,641 | $619K | Add +8.3% |
| IWM iShares Russell 2000 ETF | 0.31% | 2,783 | $600K | Reduce -2.4% |
| USLM United States Lime & Mineral | 0.30% | 5,991 | $598K | Add +1.7% |
| STAG Stag Industrial Inc. | 0.30% | 16,414 | $595K | Reduce -0.5% |
| OKE Oneok Inc. | 0.29% | 6,918 | $565K | Add +1.9% |
| USO United States Oil Fund LP | 0.29% | 7,648 | $559K | Reduce -54.1% |
| XSW SS SPDR S&P Soft & Serv ETF | 0.27% | 2,760 | $524K | No change |
| XSD SS SPDR S&P Semiconductor | 0.26% | 2,000 | $513K | Reduce -3.6% |
| KIE SS SPDR S&P Insurance ETF | 0.26% | 8,388 | $501K | Add +2.3% |
| SCHK Schwab 1000 Index ETF | 0.25% | 16,562 | $494K | No change |
| HESM Hess Midstream LP Class A | 0.25% | 12,822 | $494K | Add +1.8% |
| IVV iShares Core S&P 500 ETF | 0.24% | 773 | $480K | No change |
| ARIS WATER SOLUTIONS INC-A | 0.24% | 20,289 | $480K | Add +2.2% |
| AXON Axon Enterprise Inc. | 0.24% | 573 | $474K | Reduce -0.9% |
| KGC Kinross Gold Corp. | 0.24% | 30,100 | $470K | No change |
| AMGN Amgen Inc. | 0.24% | 1,682 | $469K | Add +7.5% |
| RGLD Royal Gold Inc. | 0.24% | 2,616 | $465K | New |
| LRCX Lam Research Corp. | 0.24% | 4,773 | $465K | Reduce -3.8% |
| CAT Caterpillar Inc. | 0.24% | 1,191 | $462K | Reduce -17.1% |
| HACK Amplify Cybersecurity ETF | 0.23% | 5,235 | $452K | No change |
| ORCL Oracle Corp. | 0.23% | 2,017 | $441K | Reduce -1.0% |
| CAH Cardinal Health Inc. | 0.22% | 2,610 | $438K | New |
| QCOM Qualcomm Inc. | 0.22% | 2,729 | $435K | Reduce -7.5% |
| PANW Palo Alto Networks Inc. | 0.22% | 2,112 | $432K | Add +0.6% |
| ETR Entergy Corp. | 0.21% | 5,052 | $420K | Add +3.8% |
| GLD SPDR Gold Shares | 0.21% | 1,377 | $420K | Add +17.0% |
| FALN iShares Fallen Angels ETF | 0.21% | 15,222 | $413K | New |
| VCTR Victory Capital Holding - A | 0.21% | 6,460 | $411K | No change |
| IMCG iShares Morningstar Mid-Cap | 0.21% | 5,113 | $410K | Reduce -11.9% |
| EPOL iShares MSCI Poland ETF | 0.20% | 12,000 | $387K | New |
| FIW First Trust Water ETF | 0.19% | 3,521 | $380K | Reduce -10.1% |
| ANGL Vaneck Fallen Angel High YLD | 0.19% | 12,983 | $380K | Add +86.8% |
| MS Morgan Stanley | 0.19% | 2,638 | $372K | Add +0.8% |
| SPG Simon Property Group Inc. | 0.19% | 2,287 | $368K | Add +6.5% |
| XAWFX Alliancebernstein GL Hi Inc. | 0.19% | 32,931 | $363K | Add +43.6% |
| LEN Lennar Corp. Class A | 0.18% | 3,264 | $361K | Add +7.7% |
| IWO iShares Russell 2000 Growth | 0.18% | 1,225 | $350K | Add +8.9% |
Options reported separately and not counted above: PROSHARES TR II calls ($5K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $804K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 10,752 | $427K | Reduce -25.1% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 311 | $377K | Add +8.7% |
Total filed on the 13F, all lines: $196.8M.
Portfolio Sells Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.9% | 8.46% | −0.89 |
| SCHQ Schwab Long-Term US Treasury | Reduce -6.4% | 1.93% | −0.48 |
| USO United States Oil Fund LP | Reduce -54.1% | 0.29% | −0.46 |
| TSLA Tesla Inc. | Reduce -26.9% | 1.39% | −0.37 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.2% | 1.70% | −0.25 |
| XYLD Global X S&P 500 Cove Call E | Reduce -14.7% | 0.72% | −0.25 |
| QYLD Global X Nasd 100 Cov Call | Reduce -17.4% | 0.63% | −0.23 |
| GRMN Garmin Ltd. | Sold out | 0.00% | −0.21 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -9.3% | 1.03% | −0.20 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.19 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.18 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.18 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.16 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -0.6% | 1.44% | −0.14 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.13 |
| CRM Salesforce Inc. | Reduce -2.2% | 0.87% | −0.13 |
| CVX Chevron Corp. | Reduce -34.7% | 0.12% | −0.12 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -38.2% | 0.16% | −0.11 |
| SCHA Schwab US Small-Cap ETF | Reduce -39.0% | 0.14% | −0.10 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Reduce -5.8% | 0.72% | −0.09 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -29.1% | 0.17% | −0.08 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -1.2% | 0.80% | −0.08 |
| XLRE SS Real Estate Select Sector | Reduce -2.0% | 0.40% | −0.07 |
| DEA Easterly Govt Pptys Inc. | Sold out | 0.00% | −0.06 |
| ADBE Adobe Inc. | Reduce -4.5% | 0.34% | −0.06 |
| XLI SS Industrial Select Sector | Reduce -27.1% | 0.12% | −0.04 |
| STAG Stag Industrial Inc. | Reduce -0.5% | 0.30% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -7.5% | 0.22% | −0.04 |
| FNF Fidelity National Financial | Reduce -1.2% | 0.12% | −0.04 |
| CAT Caterpillar Inc. | Reduce -17.1% | 0.24% | −0.04 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -12.9% | 0.10% | −0.04 |
| FIW First Trust Water ETF | Reduce -10.1% | 0.19% | −0.03 |
| IMCG iShares Morningstar Mid-Cap | Reduce -11.9% | 0.21% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -2.4% | 0.31% | −0.02 |
| EOSE Eos Energy Enterprises Inc. | Sold out | 0.00% | −0.02 |
| ALSN Allison Transmission Holding | Reduce -3.9% | 0.12% | −0.02 |
| IUSG iShares Core S&P U.S. Growth | Reduce -8.7% | 0.36% | −0.02 |
| GLDM SPDR Gold Minishares Trust | Reduce -2.9% | 0.16% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -0.4% | 2.13% | −0.01 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Reduce -0.3% | 0.12% | −0.00 |
| JOBY Joby Aviation Inc. | Reduce -29.8% | 0.06% | +0.00 |
| XTL SS SPDR S&P Telecom ETF | Reduce -0.5% | 0.37% | +0.01 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -1.2% | 0.34% | +0.01 |
| XSD SS SPDR S&P Semiconductor | Reduce -3.6% | 0.26% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.6% | 1.27% | +0.02 |
| LRCX Lam Research Corp. | Reduce -3.8% | 0.24% | +0.03 |
| XLK SS Technology Select Sector | Reduce -2.7% | 0.92% | +0.04 |
| AMD Advanced Micro Devices | Reduce -8.7% | 0.44% | +0.04 |
| ORCL Oracle Corp. | Reduce -1.0% | 0.23% | +0.06 |
| AXON Axon Enterprise Inc. | Reduce -0.9% | 0.24% | +0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| JIRE JPMorgan Int Res Enh Eqty | Add +25.6% | 2.40% | +0.44 |
| AMZN Amazon.com Inc. | Add +21.0% | 2.39% | +0.44 |
| LLY Eli Lilly & Co. | Add +152.5% | 0.82% | +0.43 |
| EDD Morgan Stanley Emrg MRK Dom | New | 0.33% | +0.33 |
| MSFT Microsoft Corp. | Add +2.1% | 1.99% | +0.32 |
| SCHG Schwab US Large-Cap Growth | Add +1.3% | 7.97% | +0.30 |
| VGSH Vanguard Short-Term Treasury | Add +89.7% | 0.63% | +0.25 |
| NFLX Netflix Inc. | Add +48.1% | 0.54% | +0.25 |
| RGLD Royal Gold Inc. | New | 0.24% | +0.24 |
| CAH Cardinal Health Inc. | New | 0.22% | +0.22 |
| FALN iShares Fallen Angels ETF | New | 0.21% | +0.21 |
| EPOL iShares MSCI Poland ETF | New | 0.20% | +0.20 |
| SMR Nuscale Power Corp. | Add +8.3% | 0.32% | +0.20 |
| EWI iShares MSCI Italy ETF | New | 0.18% | +0.18 |
| ARM Arm Holdings PLC-ADR | Add +60.8% | 0.33% | +0.18 |
| AVGO Broadcom Inc. | New | 0.17% | +0.17 |
| UEC Uranium Energy Corp. | New | 0.16% | +0.16 |
| BLOK Amplify Blockchain Tech ETF | Add +1.0% | 0.59% | +0.16 |
| TLT iShares 20+ Year Treasury BD | New | 0.16% | +0.16 |
| TEI Templeton Emrg MKTS Inc. | Add +42.3% | 0.50% | +0.14 |
| META Meta Platforms Inc. Class A | Add +10.4% | 0.70% | +0.14 |
| CGDV Cap Group Dividend Value | Add +5.4% | 4.98% | +0.13 |
| ACHR Archer Aviation Inc. Class A | Add +15.4% | 0.36% | +0.13 |
| FLMX Franklin Ftse Mexico ETF | New | 0.13% | +0.13 |
| DFCA Dimensional Calfornia MB ETF | New | 0.12% | +0.12 |
| ISRG Intuitive Surgical Inc. | New | 0.11% | +0.11 |
| GEV GE Vernova Inc. | New | 0.11% | +0.11 |
| BAC Bank of America Corp. | New | 0.11% | +0.11 |
| MAIN Main Street Capital Corp. | New | 0.11% | +0.11 |
| BABA Alibaba Group Holding-SP ADR | New | 0.10% | +0.10 |
| NEM Newmont Corp. | New | 0.10% | +0.10 |
| BITO Proshares Bitcoin ETF-Usd | New | 0.10% | +0.10 |
| ANGL Vaneck Fallen Angel High YLD | Add +86.8% | 0.19% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +6.9% | 1.17% | +0.08 |
| PGR Progressive Corp. | Add +53.8% | 0.35% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +15.2% | 0.35% | +0.06 |
| VWO Vanguard Ftse Emerging Marke | Add +18.8% | 0.46% | +0.06 |
| CLF Cleveland-Cliffs Inc. | New | 0.04% | +0.04 |
| XAWFX Alliancebernstein GL Hi Inc. | Add +43.6% | 0.19% | +0.04 |
| GE General Electric | Add +0.4% | 0.33% | +0.04 |
| AMAT Applied Materials Inc. | Add +2.3% | 0.32% | +0.04 |
| CIBR First Trust Nasdaq Cybersecu | Add +1.3% | 0.33% | +0.02 |
| NOW ServiceNow Inc. | Add +0.7% | 0.15% | +0.02 |
| GLD SPDR Gold Shares | Add +17.0% | 0.21% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +0.6% | 0.22% | +0.01 |
| MS Morgan Stanley | Add +0.8% | 0.19% | +0.01 |
| IWO iShares Russell 2000 Growth | Add +8.9% | 0.18% | +0.01 |
| USLM United States Lime & Mineral | Add +1.7% | 0.30% | +0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Add +13.5% | 0.12% | +0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +12.5% | 0.12% | −0.00 |
Options Activity Q1 2025 → Q2 2025
| TQQQ Proshares Ultrapro QQQ | call | Sold out | 14,400 | $6Kbefore exit |
| PROSHARES TR II | call | New | 13,600 | $5K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -25.1% | 10,752 | $427K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +8.7% | 311 | $377K |
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 |