Kaizen Financial Strategies
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Kaizen Financial Strategies reported 150 stock positions worth $220.8 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.4% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 8.0%) and Apple (AAPL, 7.5%). Compared with Q2 2025, it opened 19 new positions, sold out of 16, added to 49 and reduced 71. The biggest buy was a new position in Neos Nasdaq-100 High Inc. ETF (QQQI) and the biggest sale an exit from Global X S&P 500 Cove Call E (XYLD).
- Most Recent 13F
- Q3 2026
- Location
- CAMPBELL, CA
- CIK
- 0001842013
- Portfolio Value
- $220.8M (Q3 2025)
- SEC Filing
- 0001842013-25-000004 ↗ filed Nov 12, 2025
Holdings Value
Holdings 150 stocks · $220.8M
| SPY SS SPDR S&P 500 ETF Trust-US | 8.38% | 27,612 | $18.5M | Add +2.8% |
| SCHG Schwab US Large-Cap Growth | 8.04% | 547,201 | $17.7M | Add +2.3% |
| AAPL Apple Inc. | 7.49% | 61,327 | $16.5M | Reduce -0.8% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 5.57% | 290,285 | $12.3M | Add +17.3% |
| NVDA Nvidia Corp. | 4.80% | 56,352 | $10.6M | Reduce -3.6% |
| VCRB Vanguard Core Bond ETF | 4.54% | 128,027 | $10.0M | Add +4.3% |
| SCHI Schwab 5-10 Year Corporate B | 3.49% | 335,016 | $7.7M | Add +6.9% |
| GOOG Alphabet Inc. Class C | 2.90% | 22,479 | $6.4M | Reduce -4.4% |
| JIRE JPMorgan Int Res Enh Eqty | 2.53% | 75,320 | $5.6M | Add +13.4% |
| AMZN Amazon.com Inc. | 2.27% | 20,590 | $5.0M | Reduce -3.8% |
| SCHQ Schwab Long-Term US Treasury | 1.95% | 132,668 | $4.3M | Add +11.8% |
| BX Blackstone Inc. | 1.75% | 26,908 | $3.9M | Reduce -10.1% |
| MSFT Microsoft Corp. | 1.65% | 7,345 | $3.7M | Reduce -6.3% |
| VIG Vanguard Dividend Apprec ETF | 1.58% | 16,213 | $3.5M | Reduce -0.3% |
| SMH Vaneck Semiconductor ETF | 1.51% | 9,523 | $3.3M | Reduce -17.3% |
| GOOGL Alphabet Inc. Class A | 1.50% | 11,663 | $3.3M | Reduce -10.2% |
| TSLA Tesla Inc. | 1.34% | 6,637 | $3.0M | Reduce -22.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.19% | 4,286 | $2.6M | Reduce -5.3% |
| FNDB Schwab Fndmntl US BRD Mr ETF | 0.99% | 85,281 | $2.2M | Reduce -27.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.97% | 4,565 | $2.1M | Reduce -0.1% |
| XLK SS Technology Select Sector | 0.94% | 7,216 | $2.1M | Add +1.7% |
| LLY Eli Lilly & Co. | 0.94% | 2,223 | $2.1M | Add +8.3% |
| SCHR Schwab Intermediate-Term US | 0.93% | 81,945 | $2.1M | Add +15.9% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 0.84% | 50,222 | $1.9M | Add +17.4% |
| QQQI Neos Nasdaq-100 High Inc. ETF | 0.83% | 33,752 | $1.8M | New |
| SPYI Neos S&P 500 High Income ETF | 0.83% | 35,049 | $1.8M | New |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.70% | 51,124 | $1.6M | Reduce -6.1% |
| AGX Argan Inc. | 0.65% | 4,595 | $1.4M | Reduce -0.5% |
| VOO Vanguard S&P 500 ETF | 0.62% | 2,217 | $1.4M | Reduce -8.9% |
| AMD Advanced Micro Devices | 0.61% | 5,622 | $1.3M | Reduce -7.0% |
| BLOK Amplify Blockchain Tech ETF | 0.59% | 19,830 | $1.3M | Reduce -2.5% |
| CRM Salesforce Inc. | 0.58% | 5,351 | $1.3M | Reduce -14.5% |
| META Meta Platforms Inc. Class A | 0.56% | 2,007 | $1.2M | Add +7.6% |
| VGSH Vanguard Short-Term Treasury | 0.53% | 19,753 | $1.2M | Reduce -5.7% |
| KTOS Kratos Defense & Security | 0.50% | 15,100 | $1.1M | Reduce -7.9% |
| TEI Templeton Emrg MKTS Inc. | 0.47% | 163,498 | $1.0M | Reduce -0.2% |
| V Visa Inc. Class A | 0.44% | 2,877 | $970K | Add +0.5% |
| PLTR Palantir Technologies Inc. Class A | 0.43% | 5,452 | $954K | Reduce -9.9% |
| COST Costco Wholesale Corp. | 0.43% | 1,024 | $946K | Reduce -11.3% |
| VWO Vanguard Ftse Emerging Marke | 0.43% | 17,216 | $940K | Reduce -6.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.43% | 21,443 | $939K | Reduce -3.7% |
| OKLO Oklo Inc. | 0.42% | 8,737 | $933K | Reduce -23.9% |
| QTUM Defiance Quantum ETF | 0.42% | 8,416 | $929K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.42% | 2,821 | $929K | Reduce -7.5% |
| VPLS Vanguard Core-Plus Bond ETF | 0.42% | 11,676 | $918K | New |
| XTL SS SPDR S&P Telecom ETF | 0.41% | 6,245 | $910K | Add +2.0% |
| ABBV Abbvie Inc. | 0.40% | 4,058 | $889K | Reduce -7.0% |
| NFLX Netflix Inc. | 0.39% | 780 | $856K | Reduce -1.4% |
| LRCX Lam Research Corp. | 0.35% | 4,796 | $778K | Add +0.5% |
| XLC SS Comm Select Sector SPDR | 0.35% | 6,790 | $763K | Add +8.3% |
| XLF SS Financial Select Sector | 0.35% | 14,546 | $762K | Reduce -6.9% |
| XLRE SS Real Estate Select Sector | 0.34% | 18,498 | $753K | Reduce -3.2% |
| RSPT Invesco S&P 500 Equal Weight | 0.34% | 16,400 | $743K | No change |
| JPM JPMorgan Chase & Co. | 0.33% | 2,351 | $737K | Reduce -1.0% |
| IUSG iShares Core S&P U.S. Growth | 0.33% | 4,332 | $719K | Reduce -8.4% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 2,349 | $717K | Reduce -7.0% |
| NEE Nextera Energy Inc. | 0.32% | 8,491 | $696K | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.31% | 6,203 | $688K | Reduce -2.4% |
| CAT Caterpillar Inc. | 0.31% | 1,202 | $685K | Add +0.9% |
| SCHK Schwab 1000 Index ETF | 0.31% | 21,003 | $678K | Add +26.8% |
| XSD SS SPDR S&P Semiconductor | 0.30% | 2,010 | $668K | Add +0.5% |
| STAG Stag Industrial Inc. | 0.29% | 16,655 | $643K | Add +1.5% |
| PDI PIMCO Dynamic Income Fund | 0.29% | 34,811 | $638K | Add +1.0% |
| AXP American Express Co. | 0.29% | 1,742 | $637K | New |
| CIBR First Trust Nasdaq Cybersecu | 0.28% | 8,354 | $623K | Reduce -3.5% |
| ORCL Oracle Corp. | 0.28% | 2,543 | $620K | Add +26.1% |
| EDD Morgan Stanley Emrg MRK Dom | 0.28% | 115,969 | $618K | Reduce -7.2% |
| USLM United States Lime & Mineral | 0.28% | 5,403 | $618K | Reduce -9.8% |
| SMR Nuscale Power Corp. | 0.27% | 18,615 | $604K | Add +19.0% |
| AMAT Applied Materials Inc. | 0.27% | 2,569 | $600K | Reduce -25.1% |
| XITK SS SPDR F Inno Tech ETF | 0.27% | 3,314 | $593K | No change |
| UEC Uranium Energy Corp. | 0.26% | 47,511 | $581K | No change |
| ACHR Archer Aviation Inc. Class A | 0.26% | 64,494 | $573K | Reduce -2.2% |
| KGC Kinross Gold Corp. | 0.24% | 22,751 | $541K | Reduce -24.4% |
| ARM Arm Holdings PLC-ADR | 0.24% | 3,350 | $530K | Reduce -16.6% |
| EPOL iShares MSCI Poland ETF | 0.24% | 15,450 | $525K | Add +28.8% |
| CAH Cardinal Health Inc. | 0.23% | 2,610 | $517K | No change |
| XSW SS SPDR S&P Soft & Serv ETF | 0.23% | 2,685 | $510K | Reduce -2.7% |
| GLD SPDR Gold Shares | 0.23% | 1,377 | $504K | No change |
| IWM iShares Russell 2000 ETF | 0.22% | 2,061 | $495K | Reduce -25.9% |
| USO United States Oil Fund LP | 0.22% | 6,938 | $492K | Reduce -9.3% |
| UGL Proshares Ultra Gold | 0.22% | 10,164 | $489K | New |
| PGR Progressive Corp. | 0.21% | 2,262 | $474K | Reduce -11.1% |
| ETR Entergy Corp. | 0.21% | 4,878 | $467K | Reduce -3.4% |
| LEN Lennar Corp. Class A | 0.21% | 3,819 | $460K | Add +17.0% |
| HACK Amplify Cybersecurity ETF | 0.21% | 5,335 | $454K | Add +1.9% |
| AVGO Broadcom Inc. | 0.20% | 1,259 | $448K | Add +3.5% |
| IMCG iShares Morningstar Mid-Cap | 0.20% | 5,523 | $445K | Add +8.0% |
| RGLD Royal Gold Inc. | 0.20% | 2,569 | $436K | Reduce -1.8% |
| AMGN Amgen Inc. | 0.19% | 1,360 | $429K | Reduce -19.1% |
| WDC Western Digital Corp. | 0.19% | 2,571 | $421K | New |
| FALN iShares Fallen Angels ETF | 0.19% | 15,319 | $418K | Add +0.6% |
| XAWFX Alliancebernstein GL Hi Inc. | 0.19% | 38,542 | $417K | Add +17.0% |
| SPG Simon Property Group Inc. | 0.19% | 2,293 | $414K | Add +0.3% |
| ANGL Vaneck Fallen Angel High YLD | 0.19% | 14,137 | $413K | Add +8.9% |
| KIE SS SPDR S&P Insurance ETF | 0.19% | 7,150 | $411K | Reduce -14.8% |
| BTCI Neos Bitcoin High Income ETF | 0.18% | 7,786 | $407K | New |
| PANW Palo Alto Networks Inc. | 0.18% | 1,916 | $405K | Reduce -9.3% |
| EWI iShares MSCI Italy ETF | 0.18% | 7,800 | $404K | Add +8.3% |
| VCTR Victory Capital Holding - A | 0.18% | 6,460 | $398K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $402K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 320 | $402K | Add +2.9% |
Total filed on the 13F, all lines: $221.2M.
Portfolio Sells Q2 2025 → Q3 2025
| XYLD Global X S&P 500 Cove Call E | Sold out | 0.00% | −0.72 |
| QYLD Global X Nasd 100 Cov Call | Sold out | 0.00% | −0.63 |
| BX Blackstone Inc. | Reduce -10.1% | 1.75% | −0.54 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -27.5% | 0.99% | −0.45 |
| MSFT Microsoft Corp. | Reduce -6.3% | 1.65% | −0.33 |
| CRM Salesforce Inc. | Reduce -14.5% | 0.58% | −0.29 |
| ARIS WATER SOLUTIONS INC-A | Sold out | 0.00% | −0.24 |
| ADBE Adobe Inc. | Reduce -47.6% | 0.14% | −0.21 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.16 |
| COST Costco Wholesale Corp. | Reduce -11.3% | 0.43% | −0.15 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.15 |
| NFLX Netflix Inc. | Reduce -1.4% | 0.39% | −0.15 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.15 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.15 |
| PGR Progressive Corp. | Reduce -11.1% | 0.21% | −0.13 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -3.8% | 2.27% | −0.13 |
| SMH Vaneck Semiconductor ETF | Reduce -17.3% | 1.51% | −0.12 |
| OKE Oneok Inc. | Reduce -20.8% | 0.17% | −0.12 |
| SCHZ Schwab US Aggregate Bond ETF | Sold out | 0.00% | −0.12 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.12 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.12 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.3% | 1.58% | −0.12 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.11 |
| FRT Federal Realty Invs Trust | Sold out | 0.00% | −0.11 |
| ACHR Archer Aviation Inc. Class A | Reduce -2.2% | 0.26% | −0.11 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.10 |
| HESM Hess Midstream LP Class A | Reduce -23.4% | 0.15% | −0.10 |
| VGSH Vanguard Short-Term Treasury | Reduce -5.7% | 0.53% | −0.10 |
| BITO Proshares Bitcoin ETF-Usd | Sold out | 0.00% | −0.10 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -6.1% | 0.70% | −0.09 |
| ARM Arm Holdings PLC-ADR | Reduce -16.6% | 0.24% | −0.09 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.3% | 1.19% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -8.9% | 0.62% | −0.09 |
| IWM iShares Russell 2000 ETF | Reduce -25.9% | 0.22% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -27.4% | 0.17% | −0.07 |
| XLF SS Financial Select Sector | Reduce -6.9% | 0.35% | −0.07 |
| KIE SS SPDR S&P Insurance ETF | Reduce -14.8% | 0.19% | −0.07 |
| XLRE SS Real Estate Select Sector | Reduce -3.2% | 0.34% | −0.06 |
| USO United States Oil Fund LP | Reduce -9.3% | 0.22% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -23.4% | 0.16% | −0.06 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -0.1% | 0.97% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -7.5% | 0.42% | −0.05 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -3.5% | 0.28% | −0.05 |
| TSLA Tesla Inc. | Reduce -22.7% | 1.34% | −0.05 |
| AMAT Applied Materials Inc. | Reduce -25.1% | 0.27% | −0.05 |
| EDD Morgan Stanley Emrg MRK Dom | Reduce -7.2% | 0.28% | −0.05 |
| AMGN Amgen Inc. | Reduce -19.1% | 0.19% | −0.05 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.04 |
| SLM SLM Corp. | Reduce -1.9% | 0.11% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| QQQI Neos Nasdaq-100 High Inc. ETF | New | 0.83% | +0.83 |
| SPYI Neos S&P 500 High Income ETF | New | 0.83% | +0.83 |
| CGDV Cap Group Dividend Value | Add +17.3% | 5.57% | +0.58 |
| QTUM Defiance Quantum ETF | New | 0.42% | +0.42 |
| VPLS Vanguard Core-Plus Bond ETF | New | 0.42% | +0.42 |
| NEE Nextera Energy Inc. | New | 0.32% | +0.32 |
| AXP American Express Co. | New | 0.29% | +0.29 |
| UGL Proshares Ultra Gold | New | 0.22% | +0.22 |
| WDC Western Digital Corp. | New | 0.19% | +0.19 |
| BTCI Neos Bitcoin High Income ETF | New | 0.18% | +0.18 |
| WES Western Midstream Partners L | New | 0.17% | +0.17 |
| JIRE JPMorgan Int Res Enh Eqty | Add +13.4% | 2.53% | +0.13 |
| LLY Eli Lilly & Co. | Add +8.3% | 0.94% | +0.13 |
| VTEC Vanguard Ca Tax-Ex Bond | New | 0.13% | +0.13 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +17.4% | 0.84% | +0.12 |
| LRCX Lam Research Corp. | Add +0.5% | 0.35% | +0.12 |
| FAS Dirx DLY Finacial B3X ETF-Ui | New | 0.11% | +0.11 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.11% | +0.11 |
| SNDK Sandisk Corp. | New | 0.11% | +0.11 |
| KCE SS SPDR S&P Cap MKTS ETF | New | 0.10% | +0.10 |
| HLAL Wahed Ftse USA Shariah ETF | New | 0.10% | +0.10 |
| BND Vanguard Total Bond Market | New | 0.10% | +0.10 |
| FLTR Vaneck Ig Floating Rate ETF | New | 0.10% | +0.10 |
| XHS SS SPDR S&P HC Services ETF | New | 0.09% | +0.09 |
| CAT Caterpillar Inc. | Add +0.9% | 0.31% | +0.07 |
| SCHG Schwab US Large-Cap Growth | Add +2.3% | 8.04% | +0.07 |
| ORCL Oracle Corp. | Add +26.1% | 0.28% | +0.06 |
| SCHK Schwab 1000 Index ETF | Add +26.8% | 0.31% | +0.05 |
| XTL SS SPDR S&P Telecom ETF | Add +2.0% | 0.41% | +0.05 |
| XSD SS SPDR S&P Semiconductor | Add +0.5% | 0.30% | +0.04 |
| EPOL iShares MSCI Poland ETF | Add +28.8% | 0.24% | +0.04 |
| AVGO Broadcom Inc. | Add +3.5% | 0.20% | +0.03 |
| SCHR Schwab Intermediate-Term US | Add +15.9% | 0.93% | +0.03 |
| XLK SS Technology Select Sector | Add +1.7% | 0.94% | +0.03 |
| LEN Lennar Corp. Class A | Add +17.0% | 0.21% | +0.02 |
| SCHQ Schwab Long-Term US Treasury | Add +11.8% | 1.95% | +0.02 |
| LDOS Leidos Holdings Inc. | Add +0.2% | 0.15% | +0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +12.6% | 0.17% | +0.01 |
| EWI iShares MSCI Italy ETF | Add +8.3% | 0.18% | +0.01 |
| XAWFX Alliancebernstein GL Hi Inc. | Add +17.0% | 0.19% | +0.00 |
| SPG Simon Property Group Inc. | Add +0.3% | 0.19% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Add +3.1% | 0.14% | −0.00 |
| XLC SS Comm Select Sector SPDR | Add +8.3% | 0.35% | −0.00 |
| CUBE Cubesmart | Add +26.1% | 0.10% | −0.00 |
| XLY SS Consumer Disc Select Sect | Add +0.1% | 0.11% | −0.00 |
| EWC iShares MSCI Canada ETF | Add +0.2% | 0.11% | −0.01 |
| MAIN Main Street Capital Corp. | Add +10.2% | 0.10% | −0.01 |
| ANGL Vaneck Fallen Angel High YLD | Add +8.9% | 0.19% | −0.01 |
| IMCG iShares Morningstar Mid-Cap | Add +8.0% | 0.20% | −0.01 |
| GEV GE Vernova Inc. | Add +0.5% | 0.10% | −0.01 |
Options Activity Q2 2025 → Q3 2025
| PROSHARES TR II | call | Sold out | 13,600 | $5Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 10,752 | $427Kbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +2.9% | 320 | $402K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2026 | 176 | $253.8M | AAPL, SCHG, CGDV, NVDA, SPY |
| 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 |