Kestra Investment Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 16, 2025), Kestra Investment Management, LLC reported 897 stock positions worth $5.2 billion. Its top holding was iShares Core S&P U.S. Value (IUSV) at 9.9% of the portfolio, followed by Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 7.0%) and SS SPDR P S&P 500 Growth ETF (SPYG, 6.6%). Compared with Q4 2024, it opened 295 new positions, sold out of 552, added to 360 and reduced 240. The biggest buy was Vngrd Mrngstr MD-Cap ETF-Usd (VO, shares +483%) and the biggest sale iShares Core S&P U.S. Growth (IUSG, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001962449
- Portfolio Value
- $5.2B (Q1 2025)
- SEC Filing
- 0001962449-25-000002 ↗ filed May 16, 2025
Holdings Value
Holdings 897 stocks · $5.2B
| IUSV iShares Core S&P U.S. Value | 9.85% | 5,534,785 | $510.8M | Add +114.0% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 7.00% | 8,270,502 | $363.0M | Add +99.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 6.58% | 4,361,014 | $341.1M | Add +82.7% |
| VEU Vanguard Ftse All-World Ex-U | 5.01% | 4,283,844 | $259.9M | Add +137.8% |
| QUAL iShares MSCI USA Quality Fac | 4.89% | 1,577,234 | $253.4M | Add +162.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 4.36% | 874,598 | $226.2M | Add +482.6% |
| DFIC Dimensional International Co. | 3.88% | 9,460,742 | $201.2M | Add +279.5% |
| TOTL SS Doubleline TR Tact ETF | 3.01% | 4,951,422 | $156.1M | Add +284.2% |
| JAAA Janus Henderson Aaa Clo ETF | 2.66% | 3,187,024 | $137.8M | Add +361.9% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.65% | 3,208,856 | $137.3M | Add +341.2% |
| DEM Wisdomtree Emerging Markets | 2.63% | 4,235,208 | $136.5M | Add +292.5% |
| IGLB iShares 10+ Year Inv GR Corp. | 2.18% | 2,625,524 | $112.8M | Add +142.6% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 2.17% | 3,644,368 | $112.4M | Add +228.1% |
| IUSG iShares Core S&P U.S. Growth | 2.13% | 869,695 | $110.5M | Reduce -0.6% |
| INTF iShares International Equity | 2.09% | 4,580,802 | $108.3M | Add +272.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 2.05% | 2,069,692 | $106.4M | New |
| CGGR Cap Group Growth Equity | 2.02% | 3,564,718 | $105.0M | Add +213.2% |
| DFIV Dimensional International Va | 1.83% | 2,407,903 | $94.8M | Add +63.0% |
| VMBS Vanguard Mortgage-Backed Sec | 1.52% | 1,698,928 | $78.6M | Add +119.1% |
| MUB iShares National Muni Bond E | 1.40% | 712,754 | $72.8M | Add +44.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.39% | 1,577,128 | $72.0M | Add +105.6% |
| ONEY SS SPDR R1000 Yield Foc ETF | 1.35% | 842,230 | $69.9M | Add +1150.7% |
| MLN Vaneck Long Muni ETF | 0.99% | 3,223,900 | $51.2M | Add +422.0% |
| LRGF iShares US Equity Factor ETF | 0.97% | 873,348 | $50.5M | Add +115.5% |
| IEMG iShares Core MSCI Emerging | 0.90% | 868,659 | $46.9M | Add +13.0% |
| JMBS Janus Henderson Mortg Backed | 0.89% | 1,285,672 | $45.9M | Add +336.0% |
| MEAR Ishrs Short Mat Muni Act ETF | 0.84% | 930,200 | $43.4M | Add +213.1% |
| MBB iShares MBS ETF | 0.80% | 444,211 | $41.7M | Add +64.1% |
| EFG iShares MSCI Eafe Growth ETF | 0.80% | 415,702 | $41.6M | Reduce -18.2% |
| FELG Fidelity Enh LRG Cap GWTH | 0.75% | 1,574,920 | $38.9M | Add +259.0% |
| USIG iShares Broad Usd Investment | 0.74% | 755,221 | $38.6M | Add +49.3% |
| TDIV FT Nasdaq Tech DVD Index FD | 0.74% | 685,968 | $38.5M | Add +284.7% |
| AAPL Apple Inc. | 0.73% | 212,394 | $37.9M | Add +249.0% |
| NVDA Nvidia Corp. | 0.72% | 431,300 | $37.6M | Add +210.9% |
| FTEC Fidelity MSCI Info Tech Indx | 0.67% | 214,133 | $34.5M | Add +11.4% |
| AVLV Avantis US Large Cap Value | 0.66% | 681,682 | $34.2M | Add +249.6% |
| USRT iShares Core US REIT ETF | 0.50% | 451,655 | $26.0M | Add +1505416.7% |
| MSFT Microsoft Corp. | 0.47% | 96,128 | $24.4M | Add +117.5% |
| MUNI PIMCO Intermediate Municipal | 0.47% | 613,892 | $24.4M | Add +247.3% |
| FBND Fidelity Total Bond ETF | 0.44% | 798,042 | $22.7M | Add +71.0% |
| SHYM iShares Short Duration High | 0.40% | 1,013,504 | $20.7M | New |
| AMZN Amazon.com Inc. | 0.40% | 123,080 | $20.5M | Add +263.5% |
| CGCP Cap Group Core Plus Income | 0.39% | 905,627 | $20.3M | Add +46.1% |
| META Meta Platforms Inc. Class A | 0.38% | 39,998 | $19.8M | Add +165.6% |
| FDVV Fidelity High Dividend ETF | 0.36% | 588,526 | $18.8M | Add +115.5% |
| INFL Horizon Kinetics Infl Benef | 0.33% | 557,404 | $17.2M | New |
| DFAI Dimensional International Co. | 0.32% | 526,681 | $16.4M | Add +86.3% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.31% | 251,154 | $15.9M | Reduce -30.1% |
| JPM JPMorgan Chase & Co. | 0.30% | 74,972 | $15.3M | Add +179.5% |
| IVE iShares S&P 500 Value ETF | 0.28% | 75,934 | $14.5M | Reduce -46.5% |
| SPEM State Street SP PTF Em ETF | 0.24% | 321,015 | $12.6M | Add +11.0% |
| VZ Verizon Communications Inc. | 0.23% | 353,062 | $12.1M | Add +343.6% |
| GOOGL Alphabet Inc. Class A | 0.22% | 80,718 | $11.6M | Add +223.5% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 286,722 | $11.5M | Add +6080.7% |
| UNH Unitedhealth Group Inc. | 0.21% | 27,504 | $11.1M | Add +190.7% |
| AVGO Broadcom Inc. | 0.19% | 75,004 | $9.9M | Add +179.2% |
| SPMB SS SPDR P Mort Back Bond ETF | 0.17% | 508,460 | $8.9M | Add +235.9% |
| CSCO Cisco Systems Inc. | 0.17% | 176,804 | $8.6M | Add +399.8% |
| ACN Accenture PLC Class A | 0.16% | 26,016 | $8.1M | Add +222.5% |
| VOO Vanguard S&P 500 ETF | 0.15% | 14,763 | $7.6M | Add +202.3% |
| XOM Exxon Mobil Corp. | 0.13% | 70,176 | $6.9M | Add +213.9% |
| MTUM iShares MSCI USA Momentum Fa | 0.13% | 34,076 | $6.9M | Reduce -61.9% |
| SWKS Skyworks Solutions Inc. | 0.13% | 137,302 | $6.8M | Add +1854.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 12,516 | $6.6M | Add +158.8% |
| JNJ Johnson & Johnson | 0.13% | 50,212 | $6.5M | Add +105.6% |
| ORCL Oracle Corp. | 0.13% | 54,128 | $6.5M | Add +167.6% |
| NFLX Netflix Inc. | 0.11% | 8,118 | $5.9M | Add +385.2% |
| HYDB iShares High Yield Systemati | 0.11% | 126,984 | $5.8M | Reduce -72.3% |
| V Visa Inc. Class A | 0.11% | 19,282 | $5.8M | Add +187.4% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.11% | 198,213 | $5.6M | Add +10.8% |
| MRK Merck & Co. Inc. | 0.11% | 82,214 | $5.6M | Add +285.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.09% | 70,804 | $4.9M | Add +636.9% |
| TSLA Tesla Inc. | 0.09% | 20,162 | $4.4M | Add +254.8% |
| CRM Salesforce Inc. | 0.08% | 20,646 | $4.3M | Add +459.4% |
| LNG Cheniere Energy Inc. | 0.08% | 17,996 | $4.1M | Add +738.2% |
| PGR Progressive Corp. | 0.08% | 14,571 | $4.1M | Add +267.5% |
| CMCSA Comcast Corp. Class A | 0.08% | 142,662 | $4.0M | Add +198.9% |
| PPC Pilgrim's Pride Corp. | 0.08% | 71,974 | $3.9M | Add +244.9% |
| CW Curtiss-Wright Corp. | 0.08% | 12,272 | $3.9M | Add +146.9% |
| LLY Eli Lilly & Co. | 0.07% | 6,442 | $3.9M | Add +135.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 24,946 | $3.9M | Add +106.8% |
| ANET Arista Networks Inc. | 0.07% | 48,102 | $3.7M | Add +217.1% |
| TPR Tapestry Inc. | 0.07% | 50,783 | $3.6M | Add +135.9% |
| ABBV Abbvie Inc. | 0.07% | 16,726 | $3.5M | Add +135.3% |
| TDC Teradata Corp. | 0.07% | 153,710 | $3.4M | Add +412.6% |
| IVV iShares Core S&P 500 ETF | 0.07% | 6,084 | $3.4M | Add +76.5% |
| AMGN Amgen Inc. | 0.07% | 12,966 | $3.4M | Add +262.4% |
| APD Air Products & Chemicals Inc. | 0.07% | 11,420 | $3.4M | Add +137.7% |
| GRMN Garmin Ltd. | 0.06% | 20,638 | $3.4M | Add +333.7% |
| GOOG Alphabet Inc. Class C | 0.06% | 26,252 | $3.3M | Add +625.8% |
| BBY Best Buy Co. Inc. | 0.06% | 57,904 | $3.2M | Add +317.9% |
| MDT Medtronic PLC | 0.06% | 46,478 | $3.2M | Add +597.5% |
| DELL Dell Technologies -C | 0.06% | 34,884 | $3.2M | Add +167.3% |
| FIX Comfort Systems USA Inc. | 0.06% | 9,606 | $3.1M | Add +176.0% |
| EMHY iShares J.P. Morgan Em High | 0.06% | 95,032 | $3.1M | Add +1204.3% |
| CALM Cal-Maine Foods Inc. | 0.06% | 33,425 | $3.0M | Add +11.6% |
| VST Vistra Corp. | 0.06% | 25,600 | $3.0M | Add +90.6% |
| CI The Cigna Group | 0.06% | 8,988 | $3.0M | Add +172.6% |
| TGNA Tegna Inc. | 0.06% | 187,304 | $3.0M | Add +203.1% |
| LYB Lyondellbasell Indu Class A | 0.06% | 54,330 | $2.9M | Add +877.9% |
Portfolio Sells Q4 2024 → Q1 2025
| IUSG iShares Core S&P U.S. Growth | Reduce -0.6% | 2.13% | −2.66 |
| SMMD iShares Russell 2500 ETF | Sold out | 0.00% | −1.47 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -18.2% | 0.80% | −1.13 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.93 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -98.9% | 0.00% | −0.89 |
| IVE iShares S&P 500 Value ETF | Reduce -46.5% | 0.28% | −0.79 |
| HYDB iShares High Yield Systemati | Reduce -72.3% | 0.11% | −0.73 |
| IFRA iShares US Infrastructure | Reduce -99.8% | 0.00% | −0.59 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -61.9% | 0.13% | −0.59 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -30.1% | 0.31% | −0.59 |
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −0.45 |
| HYD Vaneck High Yield Muni ETF | Reduce -73.8% | 0.05% | −0.32 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Sold out | 0.00% | −0.25 |
| GOVT iShares US Treasury Bond ETF | Sold out | 0.00% | −0.25 |
| EFA iShares MSCI Eafe ETF | Reduce -99.3% | 0.00% | −0.20 |
| IXC iShares Global Energy ETF | Sold out | 0.00% | −0.12 |
| SJNK SS SPDR BB St Hi Yield ETF | Sold out | 0.00% | −0.09 |
| VRT Vertiv Holdings Co. Class A | Reduce -99.5% | 0.00% | −0.07 |
| SPHD Invesco S&P 500 High Dividen | Reduce -50.8% | 0.02% | −0.06 |
| AMP Ameriprise Financial Inc. | Reduce -47.2% | 0.02% | −0.05 |
| FIBK First Interstate Bancsys-A | Reduce -43.3% | 0.02% | −0.05 |
| VWO Vanguard Ftse Emerging Marke | Reduce -64.5% | 0.01% | −0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -82.6% | 0.00% | −0.04 |
| PEGA Pegasystems Inc. | Reduce -24.8% | 0.02% | −0.04 |
| PM Philip Morris International | Reduce -64.1% | 0.01% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -99.9% | 0.00% | −0.04 |
| DKS Dick's Sporting Goods Inc. | Reduce -99.9% | 0.00% | −0.03 |
| FL Foot Locker Inc. | Reduce -97.8% | 0.00% | −0.03 |
| DECK Deckers Outdoor Corp. | Reduce -99.0% | 0.00% | −0.03 |
| EME Emcor Group Inc. | Reduce -9.6% | 0.02% | −0.03 |
| NEU Newmarket Corp. | Sold out | 0.00% | −0.03 |
| AM Antero Midstream Corp. | Reduce -8.0% | 0.03% | −0.03 |
| CRI Carter's Inc. | Reduce -44.2% | 0.01% | −0.03 |
| SPOT Spotify Technology SA | Reduce -27.3% | 0.02% | −0.03 |
| CAG Conagra Brands Inc. | Reduce -80.8% | 0.00% | −0.03 |
| MMM 3M Co. | Reduce -23.5% | 0.01% | −0.03 |
| DBEF Xtrackers MSCI Eafe Hedged E | Sold out | 0.00% | −0.03 |
| IIPR Innovative Industrial Proper | Reduce -12.7% | 0.01% | −0.03 |
| GNTX Gentex Corp. | Reduce -58.3% | 0.00% | −0.02 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.02 |
| HIW Highwoods Properties Inc. | Reduce -26.6% | 0.01% | −0.02 |
| GLPI Gaming and Leisure Propertie | Reduce -28.1% | 0.01% | −0.02 |
| COLB Columbia Banking System Inc. | Reduce -16.0% | 0.01% | −0.02 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.02 |
| JXN Jackson Financial Inc. Class A | Reduce -43.9% | 0.01% | −0.02 |
| WSM Williams-Sonoma Inc. | Reduce -71.2% | 0.00% | −0.02 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −0.02 |
| STR Sitio Royalties Corp. Class A | Reduce -95.4% | 0.00% | −0.02 |
| PAYX Paychex Inc. | Reduce -15.8% | 0.02% | −0.02 |
| UNP Union Pacific Corp. | Reduce -33.6% | 0.01% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +482.6% | 4.36% | +2.80 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 2.05% | +2.05 |
| DFIC Dimensional International Co. | Add +279.5% | 3.88% | +1.35 |
| JAAA Janus Henderson Aaa Clo ETF | Add +361.9% | 2.66% | +1.28 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +341.2% | 2.65% | +1.16 |
| ONEY SS SPDR R1000 Yield Foc ETF | Add +1150.7% | 1.35% | +1.06 |
| TOTL SS Doubleline TR Tact ETF | Add +284.2% | 3.01% | +1.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +137.8% | 5.01% | +0.95 |
| DEM Wisdomtree Emerging Markets | Add +292.5% | 2.63% | +0.92 |
| INTF iShares International Equity | Add +272.6% | 2.09% | +0.70 |
| QUAL iShares MSCI USA Quality Fac | Add +162.8% | 4.89% | +0.69 |
| CGDV Cap Group Dividend Value | Add +228.1% | 2.17% | +0.63 |
| MLN Vaneck Long Muni ETF | Add +422.0% | 0.99% | +0.55 |
| USRT iShares Core US REIT ETF | Add +1505416.7% | 0.50% | +0.50 |
| IUSV iShares Core S&P U.S. Value | Add +114.0% | 9.85% | +0.44 |
| SHYM iShares Short Duration High | New | 0.40% | +0.40 |
| JMBS Janus Henderson Mortg Backed | Add +336.0% | 0.89% | +0.37 |
| CGGR Cap Group Growth Equity | Add +213.2% | 2.02% | +0.36 |
| INFL Horizon Kinetics Infl Benef | New | 0.33% | +0.33 |
| MEAR Ishrs Short Mat Muni Act ETF | Add +213.1% | 0.84% | +0.25 |
| JMST JPM Ultra-Short Muni Income | Add +6080.7% | 0.22% | +0.21 |
| TDIV FT Nasdaq Tech DVD Index FD | Add +284.7% | 0.74% | +0.19 |
| AVLV Avantis US Large Cap Value | Add +249.6% | 0.66% | +0.15 |
| FELG Fidelity Enh LRG Cap GWTH | Add +259.0% | 0.75% | +0.14 |
| VMBS Vanguard Mortgage-Backed Sec | Add +119.1% | 1.52% | +0.13 |
| AAPL Apple Inc. | Add +249.0% | 0.73% | +0.13 |
| MUNI PIMCO Intermediate Municipal | Add +247.3% | 0.47% | +0.11 |
| SWKS Skyworks Solutions Inc. | Add +1854.2% | 0.13% | +0.11 |
| VZ Verizon Communications Inc. | Add +343.6% | 0.23% | +0.11 |
| AMZN Amazon.com Inc. | Add +263.5% | 0.40% | +0.10 |
| CSCO Cisco Systems Inc. | Add +399.8% | 0.17% | +0.08 |
| IGLB iShares 10+ Year Inv GR Corp. | Add +142.6% | 2.18% | +0.07 |
| LNG Cheniere Energy Inc. | Add +738.2% | 0.08% | +0.06 |
| NFLX Netflix Inc. | Add +385.2% | 0.11% | +0.05 |
| TROW T Rowe Price Group Inc. | Add +636.9% | 0.09% | +0.05 |
| CME Cme Group Inc. | Add +6122.7% | 0.05% | +0.05 |
| TWLO Twilio Inc. Class A | New | 0.05% | +0.05 |
| EMHY iShares J.P. Morgan Em High | Add +1204.3% | 0.06% | +0.05 |
| ACN Accenture PLC Class A | Add +222.5% | 0.16% | +0.04 |
| SPMB SS SPDR P Mort Back Bond ETF | Add +235.9% | 0.17% | +0.04 |
| ACM Aecom | Add +1145.1% | 0.05% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +202.3% | 0.15% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +179.5% | 0.30% | +0.04 |
| PGR Progressive Corp. | Add +267.5% | 0.08% | +0.04 |
| MDT Medtronic PLC | Add +597.5% | 0.06% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +158.8% | 0.13% | +0.04 |
| PCTY Paylocity Holding Corp. | Add +37446.7% | 0.04% | +0.04 |
| LYB Lyondellbasell Indu Class A | Add +877.9% | 0.06% | +0.04 |
| XOM Exxon Mobil Corp. | Add +213.9% | 0.13% | +0.04 |
| PPC Pilgrim's Pride Corp. | Add +244.9% | 0.08% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| NVIDIA CORPORATION | call | Sold out | 2,100 | $282Kbefore exit |
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
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 18 | $496before exit |
| FCOM Fidelity MSCI Comm Serv Indx | MSCI COMMNTN SVC | Sold out | 0 | $24before exit |
| IEF iShares 7-10 Year Treasury B | 7-10 YR TRSY BD | Sold out | 0 | $0before exit |
| BBJP JPMorgan Betabuilders Japan | BETABULDRS JAPAN | Sold out | 0 | $0before exit |
| BBCA JPMorgan Betabuilders Canada | BETA CDA ETF NEW | Sold out | 0 | $0before exit |
| BBAX JPMorgan Betabuilders Develo | BETA DEVE EX ETF | Sold out | 0 | $0before exit |
| MDY State Street SPDR S&P Midcap | UTSER1 S&PDCRP | Sold out | 0 | $0before exit |
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 | 519 | $5.2B | IUSV, SPYG, VEU, IUSB, IUSG |
| Q1 2026 | 439 | $5.8B | IUSV, VEU, IUSB, SPYG, AVEM |
| Q4 2025 | 429 | $4.1B | IUSV, SPYG, IUSB, VEU, IUSG |
| Q3 2025 | 433 | $3.7B | IUSV, SPYG, IUSB, VEU, QUAL |
| Q2 2025Amended | 721 | $3.3B | IUSV, SPYG, IUSB, VEU, QUAL |
| Q1 2025Amended | 897 | $5.2B | IUSV, IUSB, SPYG, VEU, QUAL |
| Q4 2024 | 1,152 | $2.5B | IUSV, SPYG, IUSB, IUSG, QUAL |
| Q3 2024 | 337 | $2.3B | IUSV, IUSB, SPYG, IUSG, VEU |
| Q2 2024 | 98 | $1.5B | IUSV, IUSB, SPYG, IUSG, QUAL |