Kestra Investment Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 17, 2025), Kestra Investment Management, LLC reported 433 stock positions worth $3.7 billion. Its top holding was iShares Core S&P U.S. Value (IUSV) at 9.0% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 6.6%) and Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 5.3%). Compared with Q2 2025, it opened 50 new positions, sold out of 338, added to 244 and reduced 132. The biggest buy was iShares Core S&P U.S. Value (IUSV, shares +11%) and the biggest sale iShares 10+ Year Inv GR (IGLB, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001962449
- Portfolio Value
- $3.7B (Q3 2025)
- SEC Filing
- 0001962449-25-000007 ↗ filed Nov 17, 2025
Holdings Value
Holdings 433 stocks · $3.7B
| IUSV iShares Core S&P U.S. Value | 9.04% | 3,370,931 | $336.9M | Add +11.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 6.58% | 2,346,137 | $245.2M | Add +6.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 5.29% | 4,222,690 | $197.2M | Add +12.5% |
| VEU Vanguard Ftse All-World Ex-U | 5.05% | 2,634,839 | $188.0M | Add +12.1% |
| QUAL iShares MSCI USA Quality Fac | 4.60% | 880,946 | $171.3M | Add +12.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 4.29% | 542,447 | $159.9M | Add +11.4% |
| DFIV Dimensional International Va | 3.68% | 2,970,673 | $137.0M | Add +10.3% |
| IUSG iShares Core S&P U.S. Growth | 3.56% | 805,325 | $132.5M | Add +8.6% |
| DFIC Dimensional International Co. | 2.25% | 2,553,719 | $83.7M | Add +1.2% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 2.04% | 1,805,453 | $75.9M | Add +15.6% |
| CGGR Cap Group Growth Equity | 1.98% | 1,676,585 | $73.6M | Add +14.1% |
| IEMG iShares Core MSCI Emerging | 1.93% | 1,091,703 | $72.0M | Add +11.9% |
| JAAA Janus Henderson Aaa Clo ETF | 1.85% | 1,358,664 | $69.0M | Add +8.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.79% | 1,257,158 | $66.7M | Add +9.2% |
| DIHP Dimensional International Hi | 1.67% | 2,047,454 | $62.2M | Add +11.2% |
| TOTL SS Doubleline TR Tact ETF | 1.66% | 1,527,200 | $62.0M | Add +3.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.65% | 1,154,612 | $61.5M | Add +5.5% |
| FTEC Fidelity MSCI Info Tech Indx | 1.57% | 263,250 | $58.5M | Add +8.8% |
| DEM Wisdomtree Emerging Markets | 1.46% | 1,184,479 | $54.5M | Add +2.5% |
| MBB iShares MBS ETF | 1.41% | 550,887 | $52.4M | Add +14.8% |
| IGLB iShares 10+ Year Inv GR Corp. | 1.40% | 1,008,284 | $52.0M | Reduce -21.2% |
| VMBS Vanguard Mortgage-Backed Sec | 1.39% | 1,105,746 | $51.9M | Add +13.9% |
| IVE iShares S&P 500 Value ETF | 1.34% | 242,138 | $50.0M | Add +6.0% |
| USIG iShares Broad Usd Investment | 1.32% | 938,833 | $49.0M | Add +14.9% |
| MUB iShares National Muni Bond E | 1.26% | 440,725 | $46.9M | Add +5.0% |
| INTF iShares International Equity | 1.21% | 1,259,454 | $45.2M | Add +1.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.16% | 859,972 | $43.1M | Reduce -5.0% |
| LRGF iShares US Equity Factor ETF | 0.98% | 526,364 | $36.4M | Add +10.1% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.92% | 510,008 | $34.1M | Add +12.2% |
| DFAI Dimensional International Co. | 0.91% | 931,359 | $33.9M | Add +30.5% |
| CGCP Cap Group Core Plus Income | 0.89% | 1,459,162 | $33.2M | Add +26.2% |
| MTUM iShares MSCI USA Momentum Fa | 0.87% | 126,135 | $32.3M | Add +12.0% |
| MLN Vaneck Long Muni ETF | 0.82% | 1,742,132 | $30.5M | Add +9.8% |
| ONEY SS SPDR R1000 Yield Foc ETF | 0.80% | 263,788 | $29.8M | Add +4.5% |
| NVDA Nvidia Corp. | 0.74% | 146,775 | $27.4M | Add +3.8% |
| MEAR Ishrs Short Mat Muni Act ETF | 0.64% | 472,295 | $23.9M | Add +9.1% |
| VGIT Vanguard Intermediate-Term T | 0.59% | 363,425 | $21.8M | Add +10.2% |
| FELG Fidelity Enh LRG Cap GWTH | 0.53% | 482,310 | $19.8M | Add +4.2% |
| JMBS Janus Henderson Mortg Backed | 0.52% | 425,307 | $19.4M | Add +5.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.51% | 182,523 | $18.9M | Add +11.5% |
| TDIV FT Nasdaq Tech DVD Index FD | 0.49% | 184,060 | $18.1M | Add +0.7% |
| SPEM State Street SP PTF Em ETF | 0.48% | 385,596 | $18.0M | Add +8.5% |
| AAPL Apple Inc. | 0.47% | 68,407 | $17.4M | Add +3.3% |
| USRT iShares Core US REIT ETF | 0.45% | 286,298 | $16.8M | Add +15.2% |
| AVLV Avantis US Large Cap Value | 0.43% | 223,652 | $16.2M | Add +6.9% |
| EFG iShares MSCI Eafe Growth ETF | 0.39% | 128,189 | $14.6M | Add +4.5% |
| MSFT Microsoft Corp. | 0.35% | 25,133 | $13.0M | Reduce -50.8% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.30% | 326,663 | $11.2M | Add +28.3% |
| META Meta Platforms Inc. Class A | 0.30% | 15,052 | $11.1M | Add +4.6% |
| SHYM iShares Short Duration High | 0.30% | 492,820 | $11.0M | Add +8.8% |
| AMZN Amazon.com Inc. | 0.29% | 49,555 | $10.9M | Reduce -1.7% |
| JPM JPMorgan Chase & Co. | 0.28% | 33,115 | $10.4M | Add +10.8% |
| GOOGL Alphabet Inc. Class A | 0.25% | 38,948 | $9.5M | Add +11.2% |
| MUNI PIMCO Intermediate Municipal | 0.25% | 176,894 | $9.2M | Add +3.5% |
| AVGO Broadcom Inc. | 0.24% | 26,663 | $8.8M | Add +3.9% |
| AVIG Avantis Core Fixed Income | 0.21% | 185,584 | $7.8M | Add +85.2% |
| DFUS Dimensional US Eq MKT ETF | 0.20% | 105,223 | $7.6M | Add +43.3% |
| AVUS Avantis U.S. Equity ETF | 0.19% | 66,377 | $7.2M | Add +57.8% |
| INFL Horizon Kinetics Infl Benef | 0.18% | 153,272 | $6.9M | Add +2.4% |
| FDVV Fidelity High Dividend ETF | 0.18% | 121,047 | $6.7M | Reduce -61.5% |
| FBND Fidelity Total Bond ETF | 0.17% | 140,238 | $6.5M | Reduce -66.9% |
| CGSD Cap Group Short Duration | 0.17% | 249,848 | $6.5M | Add +23.5% |
| CSCO Cisco Systems Inc. | 0.17% | 93,766 | $6.4M | Add +25.4% |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | 0.16% | 110,480 | $6.0M | Add +73.0% |
| CW Curtiss-Wright Corp. | 0.15% | 10,294 | $5.6M | Add +28.7% |
| AVUV Avantis US Small Cap Value | 0.15% | 55,760 | $5.5M | Add +81.9% |
| VOO Vanguard S&P 500 ETF | 0.14% | 8,784 | $5.4M | Add +9.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.14% | 100,216 | $5.1M | Add +4.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 10,035 | $5.0M | Add +15.6% |
| HYDB iShares High Yield Systemati | 0.13% | 104,702 | $5.0M | Add +16.2% |
| ADSK Autodesk Inc. | 0.13% | 15,649 | $5.0M | Add +148.8% |
| DFSD Dimensional Short Duration | 0.13% | 102,033 | $4.9M | Add +83.5% |
| IVV iShares Core S&P 500 ETF | 0.13% | 7,038 | $4.7M | Add +13.8% |
| DGCB Dimensional Global Credit | 0.12% | 82,076 | $4.6M | Add +88.4% |
| AVDV Avantis Intl S/C Value ETF | 0.12% | 48,966 | $4.4M | Add +78.5% |
| TPR Tapestry Inc. | 0.11% | 36,610 | $4.1M | Reduce -6.3% |
| SPMB SS SPDR P Mort Back Bond ETF | 0.11% | 180,310 | $4.0M | Add +1.9% |
| ORCL Oracle Corp. | 0.11% | 13,964 | $3.9M | Reduce -36.2% |
| HYD Vaneck High Yield Muni ETF | 0.10% | 75,974 | $3.9M | Add +12.7% |
| NRG NRG Energy Inc. | 0.10% | 23,719 | $3.8M | New |
| PEGA Pegasystems Inc. | 0.10% | 66,660 | $3.8M | Add +78.8% |
| TSLA Tesla Inc. | 0.10% | 8,528 | $3.8M | Add +16.6% |
| AMP Ameriprise Financial Inc. | 0.10% | 7,507 | $3.7M | Add +19.0% |
| MDT Medtronic PLC | 0.10% | 37,545 | $3.6M | Add +14.6% |
| CHWY Chewy Inc. Class A | 0.10% | 88,963 | $3.6M | Add +392.6% |
| LNG Cheniere Energy Inc. | 0.10% | 15,289 | $3.6M | Add +20.4% |
| DFAS Dimensional US Small Cap ETF | 0.09% | 49,815 | $3.4M | Add +70.9% |
| VZ Verizon Communications Inc. | 0.09% | 77,084 | $3.4M | Reduce -12.2% |
| PM Philip Morris International | 0.09% | 20,705 | $3.4M | Add +11.1% |
| PCTY Paylocity Holding Corp. | 0.09% | 20,502 | $3.3M | Add +19.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.09% | 36,695 | $3.2M | Add +13.9% |
| JNJ Johnson & Johnson | 0.08% | 16,764 | $3.1M | Reduce -51.6% |
| SPMO Invesco S&P 500 Momentum ETF | 0.08% | 24,921 | $3.0M | Add +61.4% |
| AVEM Avantis Emerging Markets Eq | 0.08% | 39,677 | $3.0M | Add +45.8% |
| CALM Cal-Maine Foods Inc. | 0.08% | 31,572 | $3.0M | Reduce -17.8% |
| THC Tenet Healthcare Corp. | 0.08% | 14,308 | $2.9M | Add +19.8% |
| V Visa Inc. Class A | 0.08% | 8,458 | $2.9M | Add +14.2% |
| NFLX Netflix Inc. | 0.08% | 2,375 | $2.8M | Add +3.2% |
| ACM Aecom | 0.08% | 21,598 | $2.8M | Add +13.6% |
| TFSL TFS Financial Corp. | 0.08% | 213,482 | $2.8M | Add +11.2% |
Portfolio Sells Q2 2025 → Q3 2025
| IGLB iShares 10+ Year Inv GR Corp. | Reduce -21.2% | 1.40% | −0.55 |
| MSFT Microsoft Corp. | Reduce -50.8% | 0.35% | −0.42 |
| FBND Fidelity Total Bond ETF | Reduce -66.9% | 0.17% | −0.41 |
| FDVV Fidelity High Dividend ETF | Reduce -61.5% | 0.18% | −0.32 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -5.0% | 1.16% | −0.19 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -80.4% | 0.03% | −0.11 |
| JNJ Johnson & Johnson | Reduce -51.6% | 0.08% | −0.08 |
| CASY Casey's General Stores Inc. | Sold out | 0.00% | −0.08 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.07 |
| COF Capital One Financial Corp. | Reduce -39.5% | 0.07% | −0.06 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.05 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.05 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -1.7% | 0.29% | −0.04 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.04 |
| ORCL Oracle Corp. | Reduce -36.2% | 0.11% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -37.4% | 0.04% | −0.04 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.04 |
| PPC Pilgrim's Pride Corp. | Reduce -58.3% | 0.02% | −0.04 |
| CALM Cal-Maine Foods Inc. | Reduce -17.8% | 0.08% | −0.04 |
| FIX Comfort Systems USA Inc. | Reduce -59.2% | 0.05% | −0.04 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -35.5% | 0.05% | −0.03 |
| TDC Teradata Corp. | Reduce -64.3% | 0.01% | −0.03 |
| DOW Dow Inc. | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -57.1% | 0.02% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.03 |
| FMC FMC Corp. | Sold out | 0.00% | −0.03 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.03 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.03 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -12.2% | 0.09% | −0.02 |
| HIW Highwoods Properties Inc. | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Reduce -63.1% | 0.01% | −0.02 |
| KO The Coca-Cola Co. | Reduce -59.3% | 0.01% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -18.0% | 0.07% | −0.02 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.02 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.02 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.02 |
| SAM Boston Beer Company Inc. Class A | Sold out | 0.00% | −0.02 |
| WSM Williams-Sonoma Inc. | Reduce -78.4% | 0.01% | −0.02 |
| EIX Edison International | Sold out | 0.00% | −0.02 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.02 |
| RNG Ringcentral Inc. Class A | Sold out | 0.00% | −0.02 |
| LPX Louisiana-Pacific Corp. | Sold out | 0.00% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -39.8% | 0.02% | −0.02 |
| FCPT Four Corners Property Trust | Sold out | 0.00% | −0.02 |
| UTHR United Therapeutics Corp. | Reduce -66.7% | 0.01% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -69.6% | 0.01% | −0.02 |
| EMHY iShares J.P. Morgan Em High | Reduce -14.0% | 0.06% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| IUSV iShares Core S&P U.S. Value | Add +11.0% | 9.04% | +0.34 |
| QUAL iShares MSCI USA Quality Fac | Add +12.6% | 4.60% | +0.26 |
| VEU Vanguard Ftse All-World Ex-U | Add +12.1% | 5.05% | +0.26 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +6.5% | 6.58% | +0.22 |
| DFIV Dimensional International Va | Add +10.3% | 3.68% | +0.18 |
| IUSG iShares Core S&P U.S. Growth | Add +8.6% | 3.56% | +0.18 |
| CGDV Cap Group Dividend Value | Add +15.6% | 2.04% | +0.17 |
| CGGR Cap Group Growth Equity | Add +14.1% | 1.98% | +0.17 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +11.4% | 4.29% | +0.16 |
| DFAI Dimensional International Co. | Add +30.5% | 0.91% | +0.16 |
| IEMG iShares Core MSCI Emerging | Add +11.9% | 1.93% | +0.16 |
| FTEC Fidelity MSCI Info Tech Indx | Add +8.8% | 1.57% | +0.12 |
| NRG NRG Energy Inc. | New | 0.10% | +0.10 |
| CGCP Cap Group Core Plus Income | Add +26.2% | 0.89% | +0.10 |
| AVIG Avantis Core Fixed Income | Add +85.2% | 0.21% | +0.08 |
| ADSK Autodesk Inc. | Add +148.8% | 0.13% | +0.07 |
| CHWY Chewy Inc. Class A | Add +392.6% | 0.10% | +0.07 |
| TOPT iShares Top 20 US Stocks ETF | New | 0.07% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +11.2% | 0.25% | +0.07 |
| AVUS Avantis U.S. Equity ETF | Add +57.8% | 0.19% | +0.07 |
| AVUV Avantis US Small Cap Value | Add +81.9% | 0.15% | +0.06 |
| ADT Adt Inc. | New | 0.06% | +0.06 |
| QRVO Qorvo Inc. | New | 0.06% | +0.06 |
| NVDA Nvidia Corp. | Add +3.8% | 0.74% | +0.06 |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | Add +73.0% | 0.16% | +0.06 |
| AAPL Apple Inc. | Add +3.3% | 0.47% | +0.06 |
| DFUS Dimensional US Eq MKT ETF | Add +43.3% | 0.20% | +0.06 |
| CGGO Cap Group Global Growth | Add +28.3% | 0.30% | +0.05 |
| AVDV Avantis Intl S/C Value ETF | Add +78.5% | 0.12% | +0.05 |
| DFSD Dimensional Short Duration | Add +83.5% | 0.13% | +0.05 |
| DGCB Dimensional Global Credit | Add +88.4% | 0.12% | +0.05 |
| MTUM iShares MSCI USA Momentum Fa | Add +12.0% | 0.87% | +0.05 |
| LRGF iShares US Equity Factor ETF | Add +10.1% | 0.98% | +0.05 |
| INTU Intuit Inc. | Add +496.3% | 0.06% | +0.05 |
| USIG iShares Broad Usd Investment | Add +14.9% | 1.32% | +0.04 |
| MBB iShares MBS ETF | Add +14.8% | 1.41% | +0.04 |
| PEGA Pegasystems Inc. | Add +78.8% | 0.10% | +0.04 |
| IBKR Interactive Brokers Gro Class A | Add +152.6% | 0.06% | +0.04 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +12.5% | 5.29% | +0.04 |
| MDB Mongodb Inc. | New | 0.04% | +0.04 |
| DFAS Dimensional US Small Cap ETF | Add +70.9% | 0.09% | +0.04 |
| MCK McKesson Corp. | Add +296.5% | 0.04% | +0.03 |
| DUHP Dimensional US High Profi Et | Add +86.0% | 0.07% | +0.03 |
| MTZ Mastec Inc. | New | 0.03% | +0.03 |
| CW Curtiss-Wright Corp. | Add +28.7% | 0.15% | +0.03 |
| TSLA Tesla Inc. | Add +16.6% | 0.10% | +0.03 |
| RL Ralph Lauren Corp. | Add +178.6% | 0.05% | +0.03 |
| LOPE Grand Canyon Education Inc. | Add +950.5% | 0.03% | +0.03 |
| VMBS Vanguard Mortgage-Backed Sec | Add +13.9% | 1.39% | +0.03 |
| DOCU Docusign Inc. | New | 0.03% | +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 |