Kestra Investment Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 18, 2025), Kestra Investment Management, LLC reported 721 stock positions worth $3.3 billion. Its top holding was iShares Core S&P U.S. Value (IUSV) at 8.7% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 6.4%) and Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 5.3%). Compared with Q1 2025, it opened 98 new positions, sold out of 274, added to 235 and reduced 320. The biggest buy was Dimensional International Va (DFIV, shares +12%) and the biggest sale Ishr CR Unvrse Usd BD ETF-Ui (IUSB, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001962449
- Portfolio Value
- $3.3B (Q2 2025)
- SEC Filing
- 0001962449-25-000005 ↗ filed Aug 18, 2025
Holdings Value
Holdings 721 stocks · $3.3B
| IUSV iShares Core S&P U.S. Value | 8.71% | 3,036,844 | $287.4M | Reduce -45.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 6.37% | 2,203,650 | $210.1M | Reduce -49.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 5.26% | 3,752,017 | $173.5M | Reduce -54.6% |
| VEU Vanguard Ftse All-World Ex-U | 4.79% | 2,349,882 | $158.0M | Reduce -45.1% |
| QUAL iShares MSCI USA Quality Fac | 4.33% | 782,445 | $143.0M | Reduce -50.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 4.13% | 486,809 | $136.2M | Reduce -44.3% |
| DFIV Dimensional International Va | 3.49% | 2,692,601 | $115.3M | Add +11.8% |
| IUSG iShares Core S&P U.S. Growth | 3.38% | 741,665 | $111.5M | Reduce -14.7% |
| DFIC Dimensional International Co. | 2.38% | 2,523,479 | $78.5M | Reduce -73.3% |
| IGLB iShares 10+ Year Inv GR Corp. | 1.95% | 1,279,517 | $64.2M | Reduce -51.3% |
| JAAA Janus Henderson Aaa Clo ETF | 1.93% | 1,256,315 | $63.8M | Reduce -60.6% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 1.87% | 1,562,415 | $61.7M | Reduce -57.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.84% | 1,151,216 | $60.7M | Reduce -44.4% |
| CGGR Cap Group Growth Equity | 1.81% | 1,469,931 | $59.8M | Reduce -58.8% |
| TOTL SS Doubleline TR Tact ETF | 1.79% | 1,471,668 | $59.0M | Reduce -70.3% |
| IEMG iShares Core MSCI Emerging | 1.78% | 975,806 | $58.6M | Add +12.3% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.75% | 1,094,296 | $57.8M | Reduce -65.9% |
| DIHP Dimensional International Hi | 1.65% | 1,840,775 | $54.3M | New |
| DEM Wisdomtree Emerging Markets | 1.59% | 1,155,914 | $52.4M | Reduce -72.7% |
| FTEC Fidelity MSCI Info Tech Indx | 1.45% | 241,903 | $47.7M | Add +13.0% |
| MBB iShares MBS ETF | 1.37% | 479,901 | $45.1M | Add +8.0% |
| VMBS Vanguard Mortgage-Backed Sec | 1.36% | 971,032 | $45.0M | Reduce -42.8% |
| IVE iShares S&P 500 Value ETF | 1.35% | 228,501 | $44.7M | Add +200.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.35% | 905,403 | $44.4M | Reduce -42.6% |
| MUB iShares National Muni Bond E | 1.33% | 419,810 | $43.9M | Reduce -41.1% |
| INTF iShares International Equity | 1.28% | 1,237,354 | $42.4M | Reduce -73.0% |
| USIG iShares Broad Usd Investment | 1.27% | 817,152 | $42.0M | Add +8.2% |
| LRGF iShares US Equity Factor ETF | 0.93% | 478,100 | $30.7M | Reduce -45.3% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.90% | 454,736 | $29.7M | Add +81.1% |
| ONEY SS SPDR R1000 Yield Foc ETF | 0.83% | 252,445 | $27.3M | Reduce -70.0% |
| MTUM iShares MSCI USA Momentum Fa | 0.82% | 112,661 | $27.1M | Add +230.6% |
| MLN Vaneck Long Muni ETF | 0.81% | 1,586,659 | $26.8M | Reduce -50.8% |
| CGCP Cap Group Core Plus Income | 0.79% | 1,156,455 | $26.0M | Add +27.7% |
| MSFT Microsoft Corp. | 0.77% | 51,115 | $25.4M | Reduce -46.8% |
| DFAI Dimensional International Co. | 0.75% | 713,729 | $24.7M | Add +35.5% |
| NVDA Nvidia Corp. | 0.68% | 141,354 | $22.3M | Reduce -67.2% |
| MEAR Ishrs Short Mat Muni Act ETF | 0.66% | 432,954 | $21.8M | Reduce -53.5% |
| VGIT Vanguard Intermediate-Term T | 0.60% | 329,758 | $19.7M | New |
| FBND Fidelity Total Bond ETF | 0.59% | 423,510 | $19.4M | Reduce -46.9% |
| JMBS Janus Henderson Mortg Backed | 0.55% | 404,973 | $18.2M | Reduce -68.5% |
| FELG Fidelity Enh LRG Cap GWTH | 0.52% | 462,790 | $17.1M | Reduce -70.6% |
| STIP iShares 0-5 Year Tips Bond E | 0.51% | 163,757 | $16.9M | New |
| TDIV FT Nasdaq Tech DVD Index FD | 0.50% | 182,749 | $16.5M | Reduce -73.4% |
| FDVV Fidelity High Dividend ETF | 0.50% | 314,688 | $16.4M | Reduce -46.5% |
| SPEM State Street SP PTF Em ETF | 0.46% | 355,532 | $15.2M | Add +10.8% |
| AVLV Avantis US Large Cap Value | 0.43% | 209,142 | $14.3M | Reduce -69.3% |
| USRT iShares Core US REIT ETF | 0.43% | 248,495 | $14.1M | Reduce -45.0% |
| EFG iShares MSCI Eafe Growth ETF | 0.42% | 122,625 | $13.7M | Reduce -70.5% |
| AAPL Apple Inc. | 0.41% | 66,254 | $13.6M | Reduce -68.8% |
| AMZN Amazon.com Inc. | 0.34% | 50,421 | $11.1M | Reduce -59.0% |
| META Meta Platforms Inc. Class A | 0.32% | 14,395 | $10.6M | Reduce -64.0% |
| SHYM iShares Short Duration High | 0.31% | 453,124 | $10.1M | Reduce -55.3% |
| MUNI PIMCO Intermediate Municipal | 0.27% | 170,877 | $8.8M | Reduce -72.2% |
| JPM JPMorgan Chase & Co. | 0.26% | 29,897 | $8.7M | Reduce -60.1% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.25% | 254,661 | $8.1M | Add +28.5% |
| AVGO Broadcom Inc. | 0.21% | 25,667 | $7.1M | Reduce -65.8% |
| INFL Horizon Kinetics Infl Benef | 0.19% | 149,653 | $6.3M | Reduce -73.2% |
| GOOGL Alphabet Inc. Class A | 0.19% | 35,021 | $6.2M | Reduce -56.6% |
| JNJ Johnson & Johnson | 0.16% | 34,658 | $5.3M | Reduce -31.0% |
| CGSD Cap Group Short Duration | 0.16% | 202,348 | $5.2M | Add +1313.6% |
| CSCO Cisco Systems Inc. | 0.16% | 74,790 | $5.2M | Reduce -57.7% |
| DFUS Dimensional US Eq MKT ETF | 0.15% | 73,455 | $4.9M | Add +61.8% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.15% | 95,885 | $4.9M | Reduce -66.6% |
| ORCL Oracle Corp. | 0.14% | 21,891 | $4.8M | Reduce -59.6% |
| VOO Vanguard S&P 500 ETF | 0.14% | 8,060 | $4.6M | Reduce -45.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.14% | 14,985 | $4.6M | Reduce -39.9% |
| HYDB iShares High Yield Systemati | 0.13% | 90,080 | $4.3M | Reduce -29.1% |
| AVUS Avantis U.S. Equity ETF | 0.13% | 42,077 | $4.2M | Add +71.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 8,681 | $4.2M | Reduce -30.6% |
| AVIG Avantis Core Fixed Income | 0.13% | 100,230 | $4.2M | Add +112.1% |
| COF Capital One Financial Corp. | 0.12% | 19,078 | $4.1M | Add +2495.7% |
| SPMB SS SPDR P Mort Back Bond ETF | 0.12% | 176,942 | $3.9M | Reduce -65.2% |
| CW Curtiss-Wright Corp. | 0.12% | 8,000 | $3.9M | Reduce -34.8% |
| IVV iShares Core S&P 500 ETF | 0.12% | 6,187 | $3.8M | Add +1.7% |
| CALM Cal-Maine Foods Inc. | 0.12% | 38,401 | $3.8M | Add +14.9% |
| VZ Verizon Communications Inc. | 0.12% | 87,788 | $3.8M | Reduce -75.1% |
| TPR Tapestry Inc. | 0.10% | 39,077 | $3.4M | Reduce -23.1% |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | 0.10% | 63,842 | $3.4M | New |
| PM Philip Morris International | 0.10% | 18,635 | $3.4M | Add +342.1% |
| HYD Vaneck High Yield Muni ETF | 0.10% | 67,397 | $3.4M | Add +42.1% |
| AMP Ameriprise Financial Inc. | 0.10% | 6,309 | $3.4M | Add +267.2% |
| PCTY Paylocity Holding Corp. | 0.09% | 17,152 | $3.1M | Add +52.3% |
| LNG Cheniere Energy Inc. | 0.09% | 12,703 | $3.1M | Reduce -29.4% |
| NFLX Netflix Inc. | 0.09% | 2,301 | $3.1M | Reduce -71.7% |
| QCOM Qualcomm Inc. | 0.09% | 19,078 | $3.0M | Add +58.1% |
| MDT Medtronic PLC | 0.09% | 32,764 | $2.9M | Reduce -29.5% |
| AVUV Avantis US Small Cap Value | 0.08% | 30,661 | $2.8M | Add +89.0% |
| LLY Eli Lilly & Co. | 0.08% | 3,478 | $2.7M | Reduce -46.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.08% | 32,217 | $2.7M | Add +41.7% |
| FIX Comfort Systems USA Inc. | 0.08% | 4,990 | $2.7M | Reduce -48.0% |
| DFSD Dimensional Short Duration | 0.08% | 55,603 | $2.7M | Add +127.0% |
| STWD Starwood Property Trust Inc. | 0.08% | 132,731 | $2.7M | Reduce -6.0% |
| V Visa Inc. Class A | 0.08% | 7,405 | $2.6M | Reduce -61.6% |
| XOM Exxon Mobil Corp. | 0.08% | 24,215 | $2.6M | Reduce -65.5% |
| CASY Casey's General Stores Inc. | 0.08% | 4,917 | $2.5M | Reduce -22.8% |
| APAM Artisan Partners Asset Ma -A | 0.08% | 56,456 | $2.5M | Reduce -11.6% |
| TFSL TFS Financial Corp. | 0.08% | 191,920 | $2.5M | Reduce -8.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.07% | 5,547 | $2.4M | Add +15.7% |
| ABR Arbor Realty Trust Inc. | 0.07% | 225,123 | $2.4M | Add +38.4% |
| EMHY iShares J.P. Morgan Em High | 0.07% | 60,978 | $2.4M | Reduce -35.8% |
Portfolio Sells Q1 2025 → Q2 2025
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -54.6% | 5.26% | −1.74 |
| DFIC Dimensional International Co. | Reduce -73.3% | 2.38% | −1.50 |
| TOTL SS Doubleline TR Tact ETF | Reduce -70.3% | 1.79% | −1.22 |
| IUSV iShares Core S&P U.S. Value | Reduce -45.1% | 8.71% | −1.14 |
| DEM Wisdomtree Emerging Markets | Reduce -72.7% | 1.59% | −1.05 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -65.9% | 1.75% | −0.90 |
| INTF iShares International Equity | Reduce -73.0% | 1.28% | −0.81 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -60.6% | 1.93% | −0.72 |
| QUAL iShares MSCI USA Quality Fac | Reduce -50.4% | 4.33% | −0.55 |
| ONEY SS SPDR R1000 Yield Foc ETF | Reduce -70.0% | 0.83% | −0.52 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -70.5% | 0.42% | −0.39 |
| JMBS Janus Henderson Mortg Backed | Reduce -68.5% | 0.55% | −0.33 |
| AAPL Apple Inc. | Reduce -68.8% | 0.41% | −0.32 |
| CGDV Cap Group Dividend Value | Reduce -57.1% | 1.87% | −0.30 |
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -73.4% | 0.50% | −0.24 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -44.3% | 4.13% | −0.23 |
| FELG Fidelity Enh LRG Cap GWTH | Reduce -70.6% | 0.52% | −0.23 |
| IGLB iShares 10+ Year Inv GR Corp. | Reduce -51.3% | 1.95% | −0.23 |
| AVLV Avantis US Large Cap Value | Reduce -69.3% | 0.43% | −0.23 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -45.1% | 4.79% | −0.22 |
| CGGR Cap Group Growth Equity | Reduce -58.8% | 1.81% | −0.21 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -49.5% | 6.37% | −0.21 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -44.4% | 1.84% | −0.21 |
| MUNI PIMCO Intermediate Municipal | Reduce -72.2% | 0.27% | −0.20 |
| MEAR Ishrs Short Mat Muni Act ETF | Reduce -53.5% | 0.66% | −0.18 |
| MLN Vaneck Long Muni ETF | Reduce -50.8% | 0.81% | −0.18 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -42.8% | 1.36% | −0.15 |
| UNH Unitedhealth Group Inc. | Reduce -75.6% | 0.06% | −0.15 |
| INFL Horizon Kinetics Infl Benef | Reduce -73.2% | 0.19% | −0.14 |
| VZ Verizon Communications Inc. | Reduce -75.1% | 0.12% | −0.12 |
| SHYM iShares Short Duration High | Reduce -55.3% | 0.31% | −0.09 |
| SWKS Skyworks Solutions Inc. | Reduce -87.4% | 0.04% | −0.09 |
| ACN Accenture PLC Class A | Reduce -72.6% | 0.06% | −0.09 |
| USRT iShares Core US REIT ETF | Reduce -45.0% | 0.43% | −0.08 |
| MUB iShares National Muni Bond E | Reduce -41.1% | 1.33% | −0.08 |
| JMST JPM Ultra-Short Muni Income | Reduce -66.6% | 0.15% | −0.07 |
| ANET Arista Networks Inc. | Reduce -93.9% | 0.01% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -59.0% | 0.34% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -76.1% | 0.05% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -64.0% | 0.32% | −0.06 |
| VST Vistra Corp. | Sold out | 0.00% | −0.06 |
| CRM Salesforce Inc. | Reduce -83.5% | 0.03% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -65.5% | 0.08% | −0.05 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -65.2% | 0.12% | −0.05 |
| TROW T Rowe Price Group Inc. | Reduce -80.1% | 0.04% | −0.05 |
| NVDA Nvidia Corp. | Reduce -67.2% | 0.68% | −0.05 |
| LRGF iShares US Equity Factor ETF | Reduce -45.3% | 0.93% | −0.05 |
| ICVT iShares Convertible Bond ETF | Sold out | 0.00% | −0.05 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -42.6% | 1.35% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -78.4% | 0.03% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| DFIV Dimensional International Va | Add +11.8% | 3.49% | +1.67 |
| DIHP Dimensional International Hi | New | 1.65% | +1.65 |
| IVE iShares S&P 500 Value ETF | Add +200.9% | 1.35% | +1.07 |
| IEMG iShares Core MSCI Emerging | Add +12.3% | 1.78% | +0.87 |
| FTEC Fidelity MSCI Info Tech Indx | Add +13.0% | 1.45% | +0.78 |
| MTUM iShares MSCI USA Momentum Fa | Add +230.6% | 0.82% | +0.69 |
| VGIT Vanguard Intermediate-Term T | New | 0.60% | +0.60 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +81.1% | 0.90% | +0.59 |
| MBB iShares MBS ETF | Add +8.0% | 1.37% | +0.56 |
| USIG iShares Broad Usd Investment | Add +8.2% | 1.27% | +0.53 |
| STIP iShares 0-5 Year Tips Bond E | New | 0.51% | +0.51 |
| DFAI Dimensional International Co. | Add +35.5% | 0.75% | +0.43 |
| CGCP Cap Group Core Plus Income | Add +27.7% | 0.79% | +0.40 |
| SPEM State Street SP PTF Em ETF | Add +10.8% | 0.46% | +0.22 |
| CGSD Cap Group Short Duration | Add +1313.6% | 0.16% | +0.15 |
| CGGO Cap Group Global Growth | Add +28.5% | 0.25% | +0.14 |
| COF Capital One Financial Corp. | Add +2495.7% | 0.12% | +0.12 |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | New | 0.10% | +0.10 |
| DFUS Dimensional US Eq MKT ETF | Add +61.8% | 0.15% | +0.10 |
| PM Philip Morris International | Add +342.1% | 0.10% | +0.09 |
| AVIG Avantis Core Fixed Income | Add +112.1% | 0.13% | +0.09 |
| AMP Ameriprise Financial Inc. | Add +267.2% | 0.10% | +0.09 |
| AVUS Avantis U.S. Equity ETF | Add +71.0% | 0.13% | +0.08 |
| THC Tenet Healthcare Corp. | New | 0.06% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +4425.7% | 0.06% | +0.06 |
| QCOM Qualcomm Inc. | Add +58.1% | 0.09% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +843.8% | 0.07% | +0.06 |
| DFSD Dimensional Short Duration | Add +127.0% | 0.08% | +0.06 |
| AVUV Avantis US Small Cap Value | Add +89.0% | 0.08% | +0.06 |
| CALM Cal-Maine Foods Inc. | Add +14.9% | 0.12% | +0.06 |
| ADSK Autodesk Inc. | Add +1681.9% | 0.06% | +0.06 |
| HYD Vaneck High Yield Muni ETF | Add +42.1% | 0.10% | +0.06 |
| PCTY Paylocity Holding Corp. | Add +52.3% | 0.09% | +0.05 |
| DGCB Dimensional Global Credit | Add +127.0% | 0.07% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +1.7% | 0.12% | +0.05 |
| SPOT Spotify Technology SA | Add +52.1% | 0.07% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | Add +41.7% | 0.08% | +0.05 |
| AVDV Avantis Intl S/C Value ETF | Add +97.2% | 0.07% | +0.05 |
| PEGA Pegasystems Inc. | Add +205.3% | 0.06% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +15.7% | 0.07% | +0.04 |
| EME Emcor Group Inc. | Add +39.8% | 0.06% | +0.04 |
| DFAS Dimensional US Small Cap ETF | Add +86.6% | 0.06% | +0.04 |
| AVEM Avantis Emerging Markets Eq | Add +68.2% | 0.06% | +0.04 |
| COR Cencora Inc. | Add +41.7% | 0.06% | +0.04 |
| SPMO Invesco S&P 500 Momentum ETF | Add +73.0% | 0.05% | +0.04 |
| DFAC Dimensional US Core Equity 2 | Add +54.0% | 0.06% | +0.04 |
| ABR Arbor Realty Trust Inc. | Add +38.4% | 0.07% | +0.04 |
| MRVL Marvell Technology Inc. | Add +566.5% | 0.04% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +13.9% | 0.07% | +0.03 |
| GILD Gilead Sciences Inc. | Add +683.2% | 0.04% | +0.03 |
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 |