Kestra Investment Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Kestra Investment Management, LLC reported 429 stock positions worth $4.1 billion. Its top holding was iShares Core S&P U.S. Value (IUSV) at 9.5% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 6.8%) and Ishr CR Unvrse Usd BD ETF-Ui (IUSB, 5.2%). Compared with Q3 2025, it opened 46 new positions, sold out of 50, added to 244 and reduced 135. The biggest buy was Avantis Emerging Markets Eq (AVEM, shares +3619%) and the biggest sale Vngrd Mrngstr MD-Cap ETF-Usd (VO, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001962449
- Portfolio Value
- $4.1B (Q4 2025)
- SEC Filing
- 0001962449-26-000001 ↗ filed Feb 9, 2026
Holdings Value
Holdings 429 stocks · $4.1B
| IUSV iShares Core S&P U.S. Value | 9.46% | 3,772,169 | $386.8M | Add +11.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 6.83% | 2,615,739 | $279.1M | Add +11.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 5.24% | 4,604,175 | $214.3M | Add +9.0% |
| VEU Vanguard Ftse All-World Ex-U | 5.19% | 2,886,475 | $212.3M | Add +9.6% |
| IUSG iShares Core S&P U.S. Growth | 4.65% | 1,131,808 | $190.1M | Add +40.5% |
| QUAL iShares MSCI USA Quality Fac | 3.98% | 818,786 | $162.6M | Reduce -7.1% |
| DFIV Dimensional International Va | 2.98% | 2,442,525 | $121.9M | Reduce -17.8% |
| AVEM Avantis Emerging Markets Eq | 2.78% | 1,475,543 | $113.6M | Add +3618.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.33% | 328,543 | $95.3M | Reduce -39.4% |
| CGGR Cap Group Growth Equity | 2.28% | 2,099,816 | $93.4M | Add +25.2% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 2.18% | 2,045,637 | $89.3M | Add +13.3% |
| DFIC Dimensional International Co. | 2.12% | 2,510,632 | $86.5M | Reduce -1.7% |
| DIHP Dimensional International Hi | 2.07% | 2,671,379 | $84.6M | Add +30.5% |
| JAAA Janus Henderson Aaa Clo ETF | 1.87% | 1,510,609 | $76.4M | Add +11.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.62% | 1,252,271 | $66.1M | Add +8.5% |
| FTEC Fidelity MSCI Info Tech Indx | 1.53% | 278,876 | $62.7M | Add +5.9% |
| TOTL SS Doubleline TR Tact ETF | 1.52% | 1,548,613 | $62.3M | Add +1.4% |
| MBB iShares MBS ETF | 1.38% | 593,590 | $56.5M | Add +7.8% |
| DEM Wisdomtree Emerging Markets | 1.38% | 1,208,266 | $56.4M | Add +2.0% |
| IVE iShares S&P 500 Value ETF | 1.37% | 264,985 | $56.2M | Add +9.4% |
| FSMD Fidelity Small-Mid Multifact | 1.36% | 1,257,283 | $55.5M | New |
| USIG iShares Broad Usd Investment | 1.28% | 1,014,699 | $52.5M | Add +8.1% |
| MUB iShares National Muni Bond E | 1.24% | 473,402 | $50.7M | Add +7.4% |
| INTF iShares International Equity | 1.15% | 1,248,534 | $47.1M | Reduce -0.9% |
| IGLB iShares 10+ Year Inv GR Corp. | 1.15% | 930,521 | $46.9M | Reduce -7.7% |
| DFAI Dimensional International Co. | 1.02% | 1,097,089 | $41.8M | Add +17.8% |
| ONEY SS SPDR R1000 Yield Foc ETF | 1.01% | 363,542 | $41.3M | Add +37.8% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.99% | 598,995 | $40.4M | Add +17.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.98% | 793,054 | $39.9M | Reduce -7.8% |
| LRGF iShares US Equity Factor ETF | 0.97% | 569,266 | $39.5M | Add +8.2% |
| MLN Vaneck Long Muni ETF | 0.96% | 2,244,274 | $39.3M | Add +28.8% |
| VGIT Vanguard Intermediate-Term T | 0.91% | 623,771 | $37.4M | Add +71.6% |
| BNDX Vanguard Total Intl Bond ETF | 0.91% | 771,355 | $37.3M | Add +8055.6% |
| CGCP Cap Group Core Plus Income | 0.90% | 1,619,964 | $36.7M | Add +11.0% |
| MTUM iShares MSCI USA Momentum Fa | 0.86% | 139,788 | $35.0M | Add +10.8% |
| VMBS Vanguard Mortgage-Backed Sec | 0.80% | 694,210 | $32.7M | Reduce -37.2% |
| PAVE Global X US Infrastructure | 0.79% | 673,808 | $32.2M | New |
| NVDA Nvidia Corp. | 0.67% | 146,975 | $27.4M | Add +0.1% |
| HYDB iShares High Yield Systemati | 0.62% | 537,537 | $25.5M | Add +413.4% |
| JMBS Janus Henderson Mortg Backed | 0.56% | 502,128 | $22.9M | Add +18.1% |
| STIP iShares 0-5 Year Tips Bond E | 0.52% | 206,700 | $21.2M | Add +13.3% |
| MEAR Ishrs Short Mat Muni Act ETF | 0.48% | 393,836 | $19.8M | Reduce -16.6% |
| AAPL Apple Inc. | 0.46% | 69,801 | $19.0M | Add +2.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.46% | 355,525 | $18.8M | Reduce -71.7% |
| USRT iShares Core US REIT ETF | 0.44% | 318,466 | $18.1M | Add +11.2% |
| AVLV Avantis US Large Cap Value | 0.43% | 233,118 | $17.7M | Add +4.2% |
| CGMM Cap Group Small and Mid Cap | 0.40% | 565,125 | $16.3M | New |
| HIMU iShares High Yild Muni A ETF | 0.32% | 271,457 | $13.2M | New |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.32% | 374,496 | $13.0M | Add +14.6% |
| GOOGL Alphabet Inc. Class A | 0.32% | 41,393 | $13.0M | Add +6.3% |
| MSFT Microsoft Corp. | 0.31% | 26,572 | $12.9M | Add +5.7% |
| MUNI PIMCO Intermediate Municipal | 0.29% | 227,919 | $11.9M | Add +28.8% |
| AMZN Amazon.com Inc. | 0.28% | 49,582 | $11.4M | Add +0.1% |
| FDVV Fidelity High Dividend ETF | 0.27% | 191,723 | $10.9M | Add +58.4% |
| AVIG Avantis Core Fixed Income | 0.26% | 256,523 | $10.8M | Add +38.2% |
| JPM JPMorgan Chase & Co. | 0.24% | 31,049 | $10.0M | Reduce -6.2% |
| META Meta Platforms Inc. Class A | 0.24% | 14,999 | $9.9M | Reduce -0.3% |
| DFUS Dimensional US Eq MKT ETF | 0.24% | 130,210 | $9.7M | Add +23.8% |
| AVGO Broadcom Inc. | 0.22% | 25,953 | $9.0M | Reduce -2.7% |
| AVUS Avantis U.S. Equity ETF | 0.21% | 76,862 | $8.6M | Add +15.8% |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | 0.21% | 162,276 | $8.5M | Add +46.9% |
| CGIB Cap Group Intl Bond HDG | 0.20% | 314,847 | $8.0M | New |
| CGMS Cap Group US Multi-Sect Bond | 0.18% | 269,641 | $7.4M | Add +294.4% |
| FBND Fidelity Total Bond ETF | 0.18% | 160,728 | $7.4M | Add +14.6% |
| INFL Horizon Kinetics Infl Benef | 0.17% | 156,783 | $7.0M | Add +2.3% |
| AVUV Avantis US Small Cap Value | 0.17% | 67,495 | $6.9M | Add +21.1% |
| DFSD Dimensional Short Duration | 0.17% | 140,865 | $6.8M | Add +38.1% |
| CSCO Cisco Systems Inc. | 0.16% | 85,354 | $6.6M | Reduce -9.0% |
| DGCB Dimensional Global Credit | 0.15% | 112,523 | $6.1M | Add +37.1% |
| VOO Vanguard S&P 500 ETF | 0.14% | 8,939 | $5.6M | Add +1.8% |
| AVDV Avantis Intl S/C Value ETF | 0.13% | 58,638 | $5.5M | Add +19.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 10,475 | $5.3M | Add +4.4% |
| QRVO Qorvo Inc. | 0.13% | 62,243 | $5.3M | Add +144.4% |
| ADSK Autodesk Inc. | 0.12% | 17,151 | $5.1M | Add +9.6% |
| IVV iShares Core S&P 500 ETF | 0.11% | 6,543 | $4.5M | Reduce -7.0% |
| DFAS Dimensional US Small Cap ETF | 0.11% | 62,664 | $4.4M | Add +25.8% |
| HYD Vaneck High Yield Muni ETF | 0.10% | 83,920 | $4.3M | Add +10.5% |
| PEGA Pegasystems Inc. | 0.10% | 71,815 | $4.3M | Add +7.7% |
| NRG NRG Energy Inc. | 0.10% | 25,002 | $4.0M | Add +5.4% |
| TSLA Tesla Inc. | 0.10% | 8,732 | $3.9M | Add +2.4% |
| MDT Medtronic PLC | 0.10% | 40,419 | $3.9M | Add +7.7% |
| EMHY iShares J.P. Morgan Em High | 0.09% | 95,908 | $3.9M | Add +82.8% |
| JNJ Johnson & Johnson | 0.09% | 18,374 | $3.8M | Add +9.6% |
| AMP Ameriprise Financial Inc. | 0.09% | 7,741 | $3.8M | Add +3.1% |
| SPMB SS SPDR P Mort Back Bond ETF | 0.09% | 168,854 | $3.8M | Reduce -6.3% |
| SPMO Invesco S&P 500 Momentum ETF | 0.09% | 29,946 | $3.6M | Add +20.2% |
| DUHP Dimensional US High Profi Et | 0.09% | 93,280 | $3.5M | Add +27.1% |
| PM Philip Morris International | 0.09% | 21,993 | $3.5M | Add +6.2% |
| CHWY Chewy Inc. Class A | 0.09% | 105,327 | $3.5M | Add +18.4% |
| PCTY Paylocity Holding Corp. | 0.08% | 22,234 | $3.4M | Add +8.4% |
| ICVT iShares Convertible Bond ETF | 0.08% | 34,040 | $3.4M | New |
| JHG Janus Henderson Group PLC | 0.08% | 68,903 | $3.3M | Add +567.6% |
| THC Tenet Healthcare Corp. | 0.08% | 15,899 | $3.2M | Add +11.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.08% | 35,148 | $3.1M | Reduce -4.2% |
| MU Micron Technology Inc. | 0.08% | 10,817 | $3.1M | New |
| DFGP Dimensional GLBL Core PL Fix | 0.07% | 56,533 | $3.1M | Add +45.9% |
| SCHW Schwab (charles) Corp. | 0.07% | 30,473 | $3.0M | Add +10.1% |
| QCOM Qualcomm Inc. | 0.07% | 17,713 | $3.0M | Add +13.2% |
| COF Capital One Financial Corp. | 0.07% | 12,478 | $3.0M | Add +8.2% |
| AMAT Applied Materials Inc. | 0.07% | 11,688 | $3.0M | Add +0.7% |
Portfolio Sells Q3 2025 → Q4 2025
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -39.4% | 2.33% | −1.96 |
| IEMG iShares Core MSCI Emerging | Reduce -99.4% | 0.01% | −1.92 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -71.7% | 0.46% | −1.33 |
| DFIV Dimensional International Va | Reduce -17.8% | 2.98% | −0.70 |
| QUAL iShares MSCI USA Quality Fac | Reduce -7.1% | 3.98% | −0.62 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -37.2% | 0.80% | −0.59 |
| FELG Fidelity Enh LRG Cap GWTH | Sold out | 0.00% | −0.53 |
| SPEM State Street SP PTF Em ETF | Sold out | 0.00% | −0.48 |
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -97.4% | 0.01% | −0.48 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -97.1% | 0.01% | −0.38 |
| SHYM iShares Short Duration High | Sold out | 0.00% | −0.30 |
| IGLB iShares 10+ Year Inv GR Corp. | Reduce -7.7% | 1.15% | −0.25 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -7.8% | 0.98% | −0.18 |
| CGSD Cap Group Short Duration | Sold out | 0.00% | −0.17 |
| MEAR Ishrs Short Mat Muni Act ETF | Reduce -16.6% | 0.48% | −0.16 |
| CW Curtiss-Wright Corp. | Sold out | 0.00% | −0.15 |
| DFIC Dimensional International Co. | Reduce -1.7% | 2.12% | −0.13 |
| JMST JPM Ultra-Short Muni Income | Reduce -81.9% | 0.02% | −0.11 |
| TPR Tapestry Inc. | Reduce -85.1% | 0.02% | −0.09 |
| INTF iShares International Equity | Reduce -0.9% | 1.15% | −0.06 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.24% | −0.05 |
| AXP American Express Co. | Reduce -85.0% | 0.01% | −0.04 |
| BEN Franklin Templeton Inc. | Sold out | 0.00% | −0.04 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.04 |
| CALM Cal-Maine Foods Inc. | Reduce -29.3% | 0.04% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -6.2% | 0.24% | −0.04 |
| ABR Arbor Realty Trust Inc. | Reduce -10.0% | 0.04% | −0.03 |
| LNG Cheniere Energy Inc. | Reduce -12.3% | 0.06% | −0.03 |
| OHI Omega Healthcare Investors | Sold out | 0.00% | −0.03 |
| APRP Pgim S&P 500 Buffer 12-Apr | Sold out | 0.00% | −0.03 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.03 |
| NFLX Netflix Inc. | Reduce -4.7% | 0.05% | −0.02 |
| PGR Progressive Corp. | Reduce -39.8% | 0.02% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -10.2% | 0.07% | −0.02 |
| EBAY eBay Inc. | Reduce -53.7% | 0.01% | −0.02 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.02 |
| OGS One Gas Inc. | Reduce -27.4% | 0.03% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -7.0% | 0.11% | −0.02 |
| AVGO Broadcom Inc. | Reduce -2.7% | 0.22% | −0.02 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -6.3% | 0.09% | −0.02 |
| VC Visteon Corp. | Reduce -42.1% | 0.01% | −0.02 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -15.8% | 0.04% | −0.01 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.01 |
| TGNA Tegna Inc. | Sold out | 0.00% | −0.01 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.01 |
| FIX Comfort Systems USA Inc. | Reduce -28.1% | 0.03% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -9.0% | 0.16% | −0.01 |
| LOPE Grand Canyon Education Inc. | Reduce -3.5% | 0.02% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| AVEM Avantis Emerging Markets Eq | Add +3618.9% | 2.78% | +2.70 |
| FSMD Fidelity Small-Mid Multifact | New | 1.36% | +1.36 |
| IUSG iShares Core S&P U.S. Growth | Add +40.5% | 4.65% | +1.09 |
| BNDX Vanguard Total Intl Bond ETF | Add +8055.6% | 0.91% | +0.90 |
| PAVE Global X US Infrastructure | New | 0.79% | +0.79 |
| HYDB iShares High Yield Systemati | Add +413.4% | 0.62% | +0.49 |
| IUSV iShares Core S&P U.S. Value | Add +11.9% | 9.46% | +0.41 |
| CGMM Cap Group Small and Mid Cap | New | 0.40% | +0.40 |
| DIHP Dimensional International Hi | Add +30.5% | 2.07% | +0.40 |
| VGIT Vanguard Intermediate-Term T | Add +71.6% | 0.91% | +0.33 |
| HIMU iShares High Yild Muni A ETF | New | 0.32% | +0.32 |
| CGGR Cap Group Growth Equity | Add +25.2% | 2.28% | +0.31 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +11.5% | 6.83% | +0.24 |
| ONEY SS SPDR R1000 Yield Foc ETF | Add +37.8% | 1.01% | +0.21 |
| CGIB Cap Group Intl Bond HDG | New | 0.20% | +0.20 |
| CGDV Cap Group Dividend Value | Add +13.3% | 2.18% | +0.15 |
| MLN Vaneck Long Muni ETF | Add +28.8% | 0.96% | +0.14 |
| VEU Vanguard Ftse All-World Ex-U | Add +9.6% | 5.19% | +0.14 |
| CGMS Cap Group US Multi-Sect Bond | Add +294.4% | 0.18% | +0.13 |
| DFAI Dimensional International Co. | Add +17.8% | 1.02% | +0.11 |
| FDVV Fidelity High Dividend ETF | Add +58.4% | 0.27% | +0.08 |
| ICVT iShares Convertible Bond ETF | New | 0.08% | +0.08 |
| MU Micron Technology Inc. | New | 0.08% | +0.08 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +17.4% | 0.99% | +0.07 |
| JHG Janus Henderson Group PLC | Add +567.6% | 0.08% | +0.07 |
| QRVO Qorvo Inc. | Add +144.4% | 0.13% | +0.07 |
| FYEE Fidelity YLD Enhan Eqty ETF | New | 0.06% | +0.06 |
| LVS Las Vegas Sands Corp. | New | 0.06% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +6.3% | 0.32% | +0.06 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.06% | +0.06 |
| ITT Itt Inc. | New | 0.06% | +0.06 |
| DG Dollar General Corp. | New | 0.06% | +0.06 |
| AVIG Avantis Core Fixed Income | Add +38.2% | 0.26% | +0.05 |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | Add +46.9% | 0.21% | +0.05 |
| MUNI PIMCO Intermediate Municipal | Add +28.8% | 0.29% | +0.04 |
| FBUF Fidelity DYN Buff Eqty ETF | New | 0.04% | +0.04 |
| JMBS Janus Henderson Mortg Backed | Add +18.1% | 0.56% | +0.04 |
| EMHY iShares J.P. Morgan Em High | Add +82.8% | 0.09% | +0.04 |
| DFSD Dimensional Short Duration | Add +38.1% | 0.17% | +0.03 |
| IVE iShares S&P 500 Value ETF | Add +9.4% | 1.37% | +0.03 |
| DFUS Dimensional US Eq MKT ETF | Add +23.8% | 0.24% | +0.03 |
| DGCB Dimensional Global Credit | Add +37.1% | 0.15% | +0.03 |
| ANF Abercrombie & Fitch Co. Class A | Add +133.3% | 0.03% | +0.02 |
| DLTR Dollar Tree Inc. | Add +167.6% | 0.03% | +0.02 |
| AVUV Avantis US Small Cap Value | Add +21.1% | 0.17% | +0.02 |
| AVDV Avantis Intl S/C Value ETF | Add +19.8% | 0.13% | +0.02 |
| CGGO Cap Group Global Growth | Add +14.6% | 0.32% | +0.02 |
| RHI Robert Half Inc. | Add +129.3% | 0.04% | +0.02 |
| DFGP Dimensional GLBL Core PL Fix | Add +45.9% | 0.07% | +0.02 |
| TWLO Twilio Inc. Class A | Add +5.6% | 0.06% | +0.02 |
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 |