Keystone Financial Group

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Keystone Financial Group reported 393 stock positions worth $979.6 million. Its top holding was Apple (AAPL) at 7.8% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 7.2%) and Ste STR SPDR PT S&P 500 ETF (SPYM, 4.0%). Compared with Q4 2024, it opened 25 new positions, sold out of 20, added to 154 and reduced 188. The biggest buy was Victoryshares Free Cash Flow (VFLO, shares +37%) and the biggest sale Apple (AAPL, shares −4%).

Most Recent 13F
Q2 2026
Location
LEXINGTON, KY
CIK
0001729299
Portfolio Value
$979.6M (Q1 2025)
SEC Filing
0001765380-25-000222 ↗ filed May 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $683.3M Q1 2024 Q2 2024: $275.4M Q2 2024 Q3 2024: $777.2M Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $979.6M $979.6M Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 393 stocks · $979.6M

AAPL Apple Inc. 7.76% 345,846 $76.0M Reduce -4.0%
SPY SS SPDR S&P 500 ETF Trust-US 7.18% 125,601 $70.3M Add +0.5%
SPYM Ste STR SPDR PT S&P 500 ETF 3.99% 594,190 $39.1M Reduce -4.4%
SPYG SS SPDR P S&P 500 Growth ETF 3.10% 378,393 $30.4M Reduce -1.7%
VTI VG Morningstar TS MKT ETF-US 3.03% 107,910 $29.7M Add +1.4%
TSLA Tesla Inc. 2.54% 84,010 $24.9M Add +0.8%
VFLO Victoryshares Free Cash Flow 2.52% 721,195 $24.7M Add +37.4%
NVDA Nvidia Corp. 2.43% 212,450 $23.8M Add +0.9%
PLTR Palantir Technologies Inc. Class A 2.14% 247,439 $20.9M Add +1.7%
META Meta Platforms Inc. Class A 1.94% 31,240 $19.0M Add +0.5%
MSFT Microsoft Corp. 1.92% 49,364 $18.8M Add +0.5%
JQUA JPMorgan US Quality Factor 1.87% 324,131 $18.3M Add +8.3%
AMZN Amazon.com Inc. 1.86% 91,828 $18.2M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 1.85% 34,211 $18.2M Add +3.4%
DYNF Ishrs US E F R A ETF-Usd Inc. 1.74% 350,350 $17.1M Add +3.1%
VOO Vanguard S&P 500 ETF 1.73% 32,828 $17.0M Reduce -2.3%
JPM JPMorgan Chase & Co. 1.37% 52,943 $13.4M Add +0.3%
BRK.A Berkshire Hathaway Inc. Class A 1.36% 17 $13.3M Reduce -22.7%
VTV Vanguard Mrngstr Val ETF-Aui 1.07% 60,933 $10.5M Reduce -5.2%
BND Vanguard Total Bond Market 0.99% 132,975 $9.7M Add +5.2%
QQQ Invesco QQQ Trust Series 1 0.88% 18,428 $8.6M Add +3.0%
AMD Advanced Micro Devices 0.81% 74,485 $7.9M Add +1.6%
TOTL SS Doubleline TR Tact ETF 0.78% 191,720 $7.6M Reduce -0.3%
TCAF T Rowe PRC Cap Appreciation 0.74% 224,162 $7.2M Add +15.1%
JNJ Johnson & Johnson 0.74% 44,828 $7.2M Add +3.0%
IVV iShares Core S&P 500 ETF 0.71% 12,352 $7.0M Add +6.3%
BIDD iShares International Divide 0.64% 241,084 $6.2M Add +15.2%
PG The Procter & Gamble Co. 0.63% 36,803 $6.2M Reduce -10.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.63% 16,718 $6.2M Reduce -0.8%
MCD McDonald's Corp. 0.62% 19,704 $6.1M Add +0.9%
XOM Exxon Mobil Corp. 0.61% 50,419 $6.0M Reduce -2.0%
T AT&T Inc. 0.61% 218,833 $6.0M Add +0.8%
GOOG Alphabet Inc. Class C 0.60% 37,679 $5.9M Reduce -0.5%
VIG Vanguard Dividend Apprec ETF 0.59% 30,040 $5.8M Reduce -3.6%
CFO Victoryshares US 500 Enhance 0.59% 84,924 $5.8M Reduce -2.5%
LOW Lowe's Cos Inc. 0.58% 24,369 $5.7M Add +1.3%
XLG Invesco S&P 500 Top 50 ETF 0.57% 121,758 $5.6M Add +417.8%
STX Seagate Technology Holdings 0.57% 56,728 $5.6M Add +1.7%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.51% 183,317 $5.0M Add +27.3%
BUFR FT Vest Lad Buffervetf-Usd I 0.50% 164,101 $4.9M Reduce -35.5%
ABT Abbott Laboratories 0.50% 36,715 $4.9M Add +0.2%
VOOG Vanguard S&P 500 Growth ETF 0.49% 14,307 $4.8M Add +0.1%
PEP Pepsico Inc. 0.49% 32,012 $4.8M Add +82.8%
MTUM iShares MSCI USA Momentum Fa 0.48% 23,507 $4.8M Add +0.7%
BA The Boeing Co. 0.47% 24,592 $4.6M Add +2.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.46% 17,578 $4.5M Reduce -0.7%
MLN Vaneck Long Muni ETF 0.46% 266,403 $4.5M Add +3.4%
GOOGL Alphabet Inc. Class A 0.46% 28,979 $4.5M Add +2.6%
VB Vanguard Most SM-Cap ETF-Usd 0.46% 20,111 $4.5M Reduce -0.6%
ITOT iShares Core S&P Total U.S. 0.43% 34,744 $4.2M Reduce -1.7%
HYMB SS SPDR N Ice HY Muni ETF 0.43% 171,520 $4.2M Add +519.1%
GBTC Grayscale Bitcoin Trust ETF 0.43% 53,751 $4.2M Reduce -1.8%
XMPT Vaneck Cef Muni Income ETF 0.42% 195,731 $4.2M Add +3.6%
VOOV Vanguard S&P 500 Value ETF 0.41% 22,065 $4.1M Add +1.5%
IAU iShares Gold Trust 0.41% 68,383 $4.0M Add +550.5%
QUAL iShares MSCI USA Quality Fac 0.39% 22,584 $3.9M Reduce -20.7%
EMXC iShares MSCI Emr MRK Ex Chna 0.39% 69,288 $3.8M Add +17.7%
CMG Chipotle Mexican Grill Inc. 0.38% 74,229 $3.7M Reduce -0.1%
HD Home Depot Inc. 0.38% 10,044 $3.7M Reduce -3.7%
ABBV Abbvie Inc. 0.38% 17,609 $3.7M Reduce -1.9%
IQLT iShares MSCI International Q 0.38% 92,835 $3.7M Reduce -32.3%
USMV iShares MSCI USA Min Vol Fac 0.36% 38,154 $3.6M Reduce -11.9%
MDY State Street SPDR S&P Midcap 0.36% 6,441 $3.5M Reduce -18.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.34% 30,972 $3.3M Add +3.9%
HEFA Isha Curr Hedged MSCI Eafe 0.34% 90,789 $3.3M Reduce -48.7%
DGRO iShares Core Dividend Growth 0.33% 52,667 $3.3M Reduce -4.5%
CVX Chevron Corp. 0.33% 19,258 $3.2M Add +14.0%
XLF SS Financial Select Sector 0.32% 63,437 $3.2M Add +17.6%
RSP Invesco S&P 500 Equal Weight 0.31% 17,794 $3.1M Reduce -2.1%
SPYV SS SPDR P S&P 500 Value ETF 0.30% 56,892 $2.9M Reduce -12.7%
NFLX Netflix Inc. 0.30% 3,009 $2.9M Add +3.4%
SPMB SS SPDR P Mort Back Bond ETF 0.29% 130,647 $2.9M Add +2.0%
IVOO Vanguard S&P Mid-Cap 400 ETF 0.29% 28,593 $2.8M Reduce -2.3%
IJR iShares Core S&P Small-Cap E 0.28% 26,147 $2.8M Add +5.2%
PM Philip Morris International 0.28% 17,304 $2.8M Reduce -0.2%
LLY Eli Lilly & Co. 0.27% 3,224 $2.6M Add +0.3%
V Visa Inc. Class A 0.26% 7,241 $2.5M Reduce -1.1%
NKE Nike Inc. Class B 0.26% 40,064 $2.5M Add +6.8%
VIOO Vanguard S&P Small-Cap 600 E 0.26% 26,003 $2.5M Reduce -2.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.25% 5,938 $2.5M Reduce -13.4%
SDVY First Trust Smid Cap Rising 0.25% 73,608 $2.5M Add +20.6%
MRK Merck & Co. Inc. 0.24% 26,706 $2.4M Reduce -2.0%
KO The Coca-Cola Co. 0.24% 32,985 $2.4M Add +8.9%
XLE SS Energy Select Sector 0.24% 25,068 $2.3M Reduce -20.3%
CDC Victoryshares US Eq Income E 0.24% 35,307 $2.3M Reduce -3.3%
RDVY First Trust Rising Dividend 0.23% 39,182 $2.3M Add +2.1%
PFE Pfizer Inc. 0.23% 89,722 $2.3M Add +28.8%
BINC iShares Flex I A ETF-Usd Inc. 0.23% 42,513 $2.2M Reduce -17.3%
FMB First Trust Managed Municipa 0.22% 43,110 $2.2M Add +17.0%
WMT Walmart Inc. 0.22% 24,515 $2.2M Add +13.4%
LNC Lincoln National Corp. 0.22% 60,441 $2.1M Add +1.5%
VYM Vanguard High DVD Yield ETF 0.21% 15,703 $2.0M Reduce -6.3%
VONE Vanguard Russell 1000 0.21% 7,965 $2.0M Add +3.8%
CFA Victoryshares US 500 Volatil 0.20% 23,760 $2.0M Reduce -9.3%
IEFA iShares Core MSCI Eafe ETF 0.17% 22,626 $1.7M Reduce -6.4%
RH RH 0.17% 7,177 $1.7M Add +3.0%
IXN iShares Global Tech ETF 0.17% 21,750 $1.6M Reduce -12.4%
IP International Paper Co. 0.17% 30,835 $1.6M Add +0.0%
XLK SS Technology Select Sector 0.17% 7,945 $1.6M Reduce -21.6%
CSCO Cisco Systems Inc. 0.16% 25,693 $1.6M Reduce -0.2%
SCHG Schwab US Large-Cap Growth 0.16% 62,585 $1.6M Reduce -4.6%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.15% 45,243 $1.5M Add +32.6%
PANW Palo Alto Networks Inc. 0.15% 7,993 $1.5M Add +2.3%
IEMG iShares Core MSCI Emerging 0.15% 26,919 $1.5M Add +8.4%
UNH Unitedhealth Group Inc. 0.14% 2,747 $1.4M Add +3.9%
NSC Norfolk Southern Corp. 0.14% 5,757 $1.4M Reduce -1.2%
ET Energy Transfer LP 0.14% 71,166 $1.3M New
UL Unilever PLC 0.13% 22,040 $1.3M Add +0.8%
LMT Lockheed Martin Corp. 0.13% 2,838 $1.3M Add +9.6%
HIMU iShares High Yild Muni A ETF 0.13% 26,179 $1.3M New
IJH iShares Core S&P Midcap ETF 0.13% 22,051 $1.3M Reduce -1.2%
FVD First Trust Value Line DVD 0.13% 28,757 $1.3M Add +18.6%
DUK Duke Energy Corp. 0.13% 10,498 $1.3M Add +1.7%
GE General Electric filed as GE AEROSPACE 0.13% 6,378 $1.3M Reduce -4.8%
AVGO Broadcom Inc. 0.13% 7,577 $1.3M Add +0.8%
FYX First Trust Small Cap Core A 0.13% 13,985 $1.3M Add +2.3%
IUSG iShares Core S&P U.S. Growth 0.13% 9,802 $1.2M Reduce -1.2%
VGT Vanguard Info Tech ETF 0.13% 2,261 $1.2M Reduce -4.3%
EPD Enterprise Products Partners 0.13% 36,113 $1.2M New
UPS United Parcel Service Class B 0.13% 11,338 $1.2M Add +5.4%
MPC Marathon Petroleum Corp. 0.12% 8,279 $1.2M Reduce -0.4%
COST Costco Wholesale Corp. 0.12% 1,274 $1.2M Add +21.3%
MMM 3M Co. 0.12% 8,152 $1.2M Reduce -1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 28,258 $1.2M Reduce -4.3%
SO The Southern Co. 0.12% 12,607 $1.2M Reduce -3.3%
DKNG Draftkings Inc. Class A 0.12% 31,567 $1.1M Reduce -1.4%
B Barrick Gold Corp. 0.12% 58,967 $1.1M Add +4.6%
VZ Verizon Communications Inc. 0.12% 25,255 $1.1M Add +3.2%
VFMV Vanguard US Minimum Volatili 0.12% 9,009 $1.1M Add +0.8%
VSDA Victoryshares Dividend Accel 0.12% 22,011 $1.1M Add +3.9%
ABNB Airbnb Inc. Class A 0.11% 8,825 $1.1M Reduce -0.1%
XLI SS Industrial Select Sector 0.11% 8,552 $1.1M Reduce -27.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 4,505 $1.1M Reduce -5.1%
FTCS First Trust Capital Strength 0.11% 12,418 $1.1M Reduce -0.6%
NEE Nextera Energy Inc. 0.11% 15,228 $1.1M Add +1.9%
QCOM Qualcomm Inc. 0.11% 6,946 $1.1M Add +2.7%
SOXX iShares Semiconductor ETF 0.11% 5,615 $1.1M Add +10.2%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.11% 3,350 $1.0M Reduce -2.6%
OLLI Ollie's Bargain Outlet Holdi 0.10% 9,116 $1.0M Reduce -1.3%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.10% 12,973 $1.0M Reduce -19.1%
AEP American Electric Power 0.10% 9,283 $1.0M Add +0.2%
CRWD CrowdStrike Holdings Inc. Class A 0.10% 2,872 $1.0M Add +35.1%
XLV SS Health Care Select Sector 0.10% 6,861 $1.0M Reduce -3.6%
VEA Vanguard Ftse Developed ETF 0.10% 19,378 $985K Reduce -2.2%
APAM Artisan Partners Asset Ma -A 0.10% 24,791 $969K Add +31.1%
ENB Enbridge Inc. 0.10% 21,765 $964K Add +40.8%
MOAT Vaneck Morningstar Wide Moat 0.10% 10,793 $950K Add +21.7%
D Dominion Energy Inc. 0.10% 16,904 $947K Add +32.8%
AGG iShares Core U.S. Aggregate 0.10% 9,569 $947K Reduce -46.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.10% 7,343 $940K Reduce -1.6%
ELV Elevance Health Inc. 0.10% 2,166 $936K Add +29.0%
BILS SS Spdrb B 3-12M T-Bill ETF 0.09% 9,306 $926K Reduce -17.7%
VFVA Vanguard U.S. Value Factor 0.09% 7,804 $890K Reduce -2.7%
ORCL Oracle Corp. 0.09% 6,351 $888K Reduce -1.9%
VEU Vanguard Ftse All-World Ex-U 0.09% 14,622 $887K Add +0.3%
ITW Illinois Tool Works 0.09% 3,561 $883K Add +0.0%
XNIEX Virtus Equity & Convertible 0.09% 39,785 $880K Reduce -1.1%
FDX FedEx Corp. 0.09% 3,706 $879K Reduce -0.1%
SPDW Ste STR SPDR PT DW Eu ETF 0.09% 24,133 $879K Reduce -0.3%
XLP SS Consumer Staples Sel Sect 0.09% 10,665 $871K Add +1.0%
TFLO iShares Treasury Floating Ra 0.09% 16,727 $847K Reduce -0.5%
DE Deere & Co. 0.09% 1,781 $836K Reduce -0.9%
MDYV SS SPDR S&P 400 MC Val ETF 0.09% 10,848 $836K Add +1.1%
DNP DNP Select Income Fund Inc. 0.08% 83,645 $827K Reduce -0.7%
DEO Diageo PLC-Sponsored ADR 0.08% 7,871 $825K Reduce -2.9%
FV First Trust DW Focus 5 Fund 0.08% 14,848 $815K Reduce -8.1%
BDX Becton Dickinson and Co. 0.08% 3,537 $810K No change
IBIT iShares Bitcoin Trust ETF 0.08% 17,086 $800K Add +49.5%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.08% 21,551 $768K Add +17.6%
QYLD Global X Nasd 100 Cov Call 0.08% 45,635 $759K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.08% 9,624 $755K Reduce -5.4%
BTI British American Tob-SP ADR 0.08% 17,829 $738K Add +0.8%
GLD SPDR Gold Shares 0.07% 2,541 $732K Add +9.9%
AB Alliancebernstein Holding LP 0.07% 18,279 $725K Add +59.3%
KR Kroger Co. 0.07% 10,460 $710K Reduce -5.8%
FLXR TCW Flexible Income ETF 0.07% 17,998 $705K Add +161.3%
EMLP First Trust North American E 0.07% 18,383 $689K Reduce -0.1%
NFTY First Trust India Nifty 50 E 0.07% 12,348 $689K Reduce -47.6%
VONG Vanguard Russell 1000 Growth 0.07% 7,321 $679K Add +1.3%
MA Mastercard Inc. Class A 0.07% 1,217 $667K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.07% 5,160 $665K Reduce -7.0%
MO Altria Group Inc. 0.07% 10,886 $653K Add +14.8%
VTHR Vanguard Russell 3000 0.07% 2,615 $645K No change
TLT iShares 20+ Year Treasury BD 0.06% 6,922 $630K Add +13.6%
OKE Oneok Inc. 0.06% 6,341 $629K Add +134.1%
CSX CSX Corp. 0.06% 20,935 $616K Reduce -2.0%
FDL First Trust Morn DVD Lead Inc. 0.06% 14,181 $616K Reduce -7.2%
GRAB Grab Holdings Ltd. Class A 0.06% 135,895 $616K Add +794.0%
TMFC Motley Fool 100 Index ETF 0.06% 10,980 $611K Add +7.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.06% 2,372 $610K Add +2.2%
TEVA Teva Pharmaceutical-SP ADR 0.06% 39,416 $606K Reduce -1.8%
SIZE iShares MSCI USA Size Factor 0.06% 4,091 $595K Reduce -10.7%
CGGR Cap Group Growth Equity 0.06% 17,268 $591K Add +43.1%
QLTA iShares Aaa - A Rated Corpor 0.06% 12,368 $588K Add +76.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.06% 6,989 $588K Add +7.8%
WM Waste Management Inc. 0.06% 2,492 $577K Reduce -4.4%
TSM Taiwan Semiconductor-SP ADR 0.06% 3,400 $575K Add +19.1%
MINT PIMCO Enhanced Short Maturit 0.06% 5,697 $573K Add +12.5%
VXUS Vanguard Total Intl Stock 0.06% 9,189 $571K Reduce -0.2%
TRV The Travelers Cos Inc. 0.06% 2,120 $561K Add +0.1%
IONQ Ionq Inc. 0.06% 25,228 $557K New
RLY SS Multi-Asset Real Ret ETF 0.06% 19,244 $549K Reduce -1.0%
VWO Vanguard Ftse Emerging Marke 0.06% 12,130 $549K Reduce -9.7%
BX Blackstone Inc. 0.05% 3,845 $537K Add +4.9%
USB US Bancorp 0.05% 12,581 $531K Add +13.8%
LIN Linde PLC 0.05% 1,139 $530K Reduce -0.3%
CTBI Community Trust Bancorp Inc. 0.05% 10,243 $530K Reduce -2.2%
AXON Axon Enterprise Inc. 0.05% 847 $518K Reduce -9.7%
O Realty Income Corp. 0.05% 8,744 $507K Add +2.8%
AXP American Express Co. 0.05% 1,870 $503K Add +0.9%
SLV iShares Silver Trust 0.05% 15,849 $491K Reduce -2.2%
QQQM Invesco Nasdaq 100 ETF 0.05% 2,457 $474K Reduce -5.4%
FIS Fidelity National Info Serv 0.05% 6,298 $470K Reduce -9.8%
WFC Wells Fargo & Co. 0.05% 6,500 $467K Reduce -13.6%
ECL Ecolab Inc. 0.05% 1,834 $465K Reduce -6.6%
VCIT Vanguard Int-Term Corporate 0.05% 5,685 $465K Reduce -12.0%
GOVT iShares US Treasury Bond ETF 0.05% 20,208 $464K Reduce -14.4%
BTC Grayscale Bitcoin Mini ETF 0.05% 10,884 $464K Add +48.9%
XSOE Wisdmtree Emerg MKT Ex-St Ow 0.05% 14,764 $458K Add +15.5%
PFF iShares Preferred & Income S 0.05% 14,754 $453K Add +114.1%
LRCX Lam Research Corp. 0.05% 6,114 $449K Add +3.4%
NOBL Proshares S&P 500 Dividend A 0.05% 4,390 $449K Reduce -5.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.05% 9,001 $447K Add +27.4%
WELL Welltower Inc. 0.05% 2,914 $446K Add +0.1%
FBND Fidelity Total Bond ETF 0.05% 9,780 $446K Add +4.7%
UITB Victoryshares Core Intermedi 0.05% 9,480 $445K Add +2.3%
SPTS SS SPDR P St Term TSY ETF 0.05% 15,182 $444K Add +10.2%
TMO Thermo Fisher Scientific Inc. 0.04% 881 $438K Add +0.3%
BOTZ Global X Robotics & Artifici 0.04% 15,370 $437K Add +1.0%
SPIP SS SPDR P Tips ETF 0.04% 16,416 $433K Reduce -5.8%
KMB Kimberly-Clark Corp. 0.04% 3,036 $432K Reduce -1.6%
GEV GE Vernova Inc. 0.04% 1,410 $430K Reduce -13.4%
AMGN Amgen Inc. 0.04% 1,372 $427K Reduce -6.1%
AIQ Global X Art Intel & Tech 0.04% 11,736 $427K Reduce -2.0%
COWZ Pacer US Cash Cows 100 ETF 0.04% 7,803 $427K Reduce -1.6%
CGMU Cap Group Municipal Income 0.04% 15,905 $427K Add +52.9%
K Kellanova 0.04% 5,121 $422K No change
BF.B Brown-Forman Corp. Class B 0.04% 12,220 $415K Add +47.3%
EFAV iShares MSCI Eafe Min Vol Fa 0.04% 5,286 $412K Reduce -0.4%
COIN Coinbase Global Inc. Class A 0.04% 2,391 $412K Reduce -14.4%
ALL Allstate Corp. 0.04% 1,967 $407K Reduce -7.9%
SPTM SS SPDR P S&P 1500 Comp ETF 0.04% 5,927 $403K Reduce -4.5%
CRM Salesforce Inc. 0.04% 1,498 $402K Reduce -0.5%
FVC First Trust Dorsey Wright DY 0.04% 11,393 $401K Reduce -9.4%
FSK FS KKR Capital Corp. 0.04% 19,071 $400K Reduce -3.8%
KLAC KLA Corp. 0.04% 587 $399K Add +0.7%
ACWV iShares MSCI Global Min Vol 0.04% 3,319 $386K Reduce -1.2%
SGI Somnigroup International Inc. 0.04% 6,424 $385K Add +0.0%
FDN First Trust DJ Internet Ind 0.04% 1,703 $378K No change
XNTK SS SPDR Nyse Tech ETF 0.04% 1,970 $378K Reduce -2.2%
AMP Ameriprise Financial Inc. 0.04% 736 $378K Reduce -2.6%
BSCP Invesco Bulletshares 2025 CB 0.04% 17,992 $372K Add +15.4%
SHW The Sherwin-Williams Co. 0.04% 1,038 $368K Add +0.3%
QEFA STSR SPD MSC Eaf Stgfs-US Inc. 0.04% 4,628 $365K Reduce -10.8%
AMLP Alerian MLP ETF 0.04% 6,968 $362K Reduce -4.2%
SDOG Alps Sector Dividend Dogs 0.04% 6,209 $361K Reduce -0.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.04% 1,933 $360K Reduce -9.2%
VXF Vanguard Extended Market ETF 0.04% 2,047 $357K No change
MDLZ Mondelez International Inc. Class A 0.04% 5,201 $352K Reduce -3.0%
GSK GSK PLC-Spon ADR 0.04% 9,094 $352K Reduce -3.1%
PULS Pgim Ultra Short Bond ETF 0.04% 7,060 $351K Reduce -3.0%
AVUV Avantis US Small Cap Value 0.04% 4,011 $350K Reduce -18.5%
SPLV Invesco S&P 500 Low Volatili 0.04% 4,672 $349K Reduce -51.5%
BNDX Vanguard Total Intl Bond ETF 0.04% 7,117 $347K Add +44.8%
IVW iShares S&P 500 Growth ETF 0.04% 3,699 $343K Add +4.0%
KVUE Kenvue Inc. 0.03% 14,183 $340K Add +11.4%
RCS PIMCO Strategic Income Fund 0.03% 53,930 $337K Add +0.9%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.03% 7,290 $336K Reduce -18.2%
BUD Anheuser-Busch Inbev-SPN ADR 0.03% 5,442 $335K Reduce -3.4%
WEC WEC Energy Group Inc. 0.03% 3,045 $332K Reduce -4.0%
VST Vistra Corp. 0.03% 2,824 $332K Reduce -6.4%
SPHQ Invesco S&P 500 Quality ETF 0.03% 4,913 $326K Reduce -17.6%
APD Air Products & Chemicals Inc. 0.03% 1,097 $324K Reduce -0.9%
IDV iShares International Select 0.03% 10,382 $322K Reduce -17.3%
IBB iShares Biotechnology ETF 0.03% 2,609 $322K Reduce -2.6%
SCHF Schwab Intl Equity ETF 0.03% 16,210 $321K Reduce -0.1%
TPB Turning Point Brands Inc. 0.03% 5,384 $320K Reduce -19.4%
JAAA Janus Henderson Aaa Clo ETF 0.03% 6,300 $319K Reduce -30.5%
FTV Fortive Corp. 0.03% 4,325 $317K Add +47.9%
XLY SS Consumer Disc Select Sect 0.03% 1,597 $315K Reduce -4.9%
FXD First Trust Consumer Discret 0.03% 5,443 $315K Reduce -4.6%
VLU SS SPDR S&P 1500 Value Tilt 0.03% 1,701 $313K Add +2.2%
FIXD First Trust Smith Opportunis 0.03% 7,061 $310K Reduce -14.0%
BMY Bristol-Myers Squibb Co. 0.03% 5,053 $308K Add +24.8%
GRID First TRST Nasd Class Edg Sgiif 0.03% 2,722 $308K Reduce -88.8%
COP Conocophillips 0.03% 2,923 $307K Reduce -7.5%
CHX Championx Corp. 0.03% 10,222 $305K Add +12.1%
COR Cencora Inc. 0.03% 1,095 $304K No change
MAR Marriott International Class A 0.03% 1,275 $304K Add +0.2%
YUM Yum! Brands Inc. 0.03% 1,917 $302K Reduce -2.3%
KNG FT Vest S&P 500 DVD Arst TRG 0.03% 5,960 $301K Add +0.8%
LOGI Logitech International-Reg 0.03% 3,553 $300K Add +0.1%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.03% 1,475 $297K Reduce -3.2%
GILD Gilead Sciences Inc. 0.03% 2,629 $295K New
VHT Vanguard Health Care ETF 0.03% 1,108 $293K Reduce -5.7%
CAT Caterpillar Inc. 0.03% 886 $292K Reduce -6.3%
CIBR First Trust Nasdaq Cybersecu 0.03% 4,631 $292K No change
MDT Medtronic PLC 0.03% 3,240 $291K Add +28.1%
SPEU State Street SPDR Portfolio 0.03% 6,600 $290K Reduce -1.5%
CORP PIMCO Inv Grade Corp. BD ETF 0.03% 3,000 $290K Add +6.0%
MDIV FT Multi-Asset Divers Inc. 0.03% 17,511 $286K Reduce -4.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 6,823 $285K Reduce -1.3%
KRE SS SPDR S&P Regional Bank 0.03% 4,969 $284K Reduce -0.4%
FTNT Fortinet Inc. 0.03% 2,951 $284K New
XES SS SPDR S&P Og Eqp & Serv 0.03% 3,958 $282K No change
BP BP PLC-Spons ADR 0.03% 8,353 $282K Reduce -4.0%
SPSM SS SPDR P S&P 600 Small Cap 0.03% 6,903 $282K Add +16.9%
ADBE Adobe Inc. 0.03% 732 $282K Reduce -6.5%
GS Goldman Sachs Group Inc. 0.03% 505 $276K Add +10.3%
INTC Intel Corp. 0.03% 12,100 $275K Reduce -0.2%
VNQ Vanguard Real Estate ETF 0.03% 3,024 $274K Reduce -7.7%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.03% 3,181 $274K Add +0.3%
TFC Truist Financial Corp. 0.03% 6,643 $273K Reduce -2.3%
HIMS Hims & Hers Health Inc. 0.03% 5,091 $272K New
CEG Constellation Energy 0.03% 1,336 $269K Add +16.5%
SLVM Sylvamo Corp. 0.03% 4,003 $268K No change
HIG Hartford Insurance Group Inc. 0.03% 2,167 $268K No change
EMR Emerson Electric Co. 0.03% 2,441 $268K Reduce -7.7%
SCHD Schwab US DVD Equity ETF 0.03% 9,309 $260K Add +1.3%
GSLC Goldman Activebeta US LC ETF 0.03% 2,358 $260K Add +0.1%
RTX RTX Corp. 0.03% 1,959 $259K Add +9.6%
PNC PNC Financial Services Group 0.03% 1,466 $258K New
RGTI Rigetti Computing Inc. 0.03% 32,408 $257K New
SOLV Solventum Corp. 0.03% 3,367 $256K Reduce -2.6%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.03% 1,034 $253K Reduce -5.8%
NXPI NXP Semiconductors NV 0.03% 1,248 $252K Reduce -18.4%
KKR KKR & Co. Inc. 0.03% 2,165 $250K Add +0.1%
IXUS iShares Core Intl Stock ETF 0.03% 3,570 $249K Reduce -1.5%
RCL Royal Caribbean Cruises Ltd. 0.03% 1,210 $249K Reduce -38.2%
SPHY SS SPDR P High Yield ETF 0.03% 10,575 $248K No change
BABA Alibaba Group Holding-SP ADR 0.03% 1,858 $246K New
NLY Annaly Capital Management Inc. 0.03% 12,080 $245K New
IWF iShares Russell 1000 Growth 0.02% 677 $244K No change
SRVR Pacer Data & Infrastructure 0.02% 8,321 $244K Reduce -16.0%
SMCI Super Micro Computer Inc. 0.02% 7,100 $243K Reduce -13.9%
CDL Victoryshares US Large Cap H 0.02% 3,529 $242K Reduce -56.7%
PAVE Global X US Infrastructure 0.02% 6,389 $241K New
BB Blackberry Ltd. 0.02% 63,297 $239K New
TPR Tapestry Inc. 0.02% 3,385 $238K New
USFR Wisdomtree Floating Rate Tre 0.02% 4,712 $237K Add +1.1%
BSCQ Invesco Bulletshares 2026 CB 0.02% 12,150 $237K Add +15.2%
HTGC Hercules Capital Inc. 0.02% 12,198 $234K No change
ORLY O'reilly Automotive Inc. 0.02% 163 $234K Reduce -10.9%
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED 0.02% 7,493 $232K New
VNQI Vanguard GLBL Ex-US Real Est 0.02% 5,725 $232K Reduce -1.7%
IVOV Vanguard S&P Mid-Cap 400 Val 0.02% 2,490 $229K No change
MUB iShares National Muni Bond E 0.02% 2,169 $229K Reduce -51.4%
MLPA Global X MLP ETF 0.02% 4,278 $228K Reduce -13.7%
RSG Republic Services Inc. 0.02% 939 $227K New
BST BlackRock Science & Tech TR 0.02% 6,734 $222K No change
JNK SS SPDR BB High Yield Bond 0.02% 2,331 $222K No change
PFFD Global X US Preferred ETF 0.02% 11,600 $221K No change
PDP Invesco Dorsey Wright Moment 0.02% 2,200 $220K Reduce -20.7%
VIGI Vanguard Int Div App Indx FD 0.02% 2,640 $219K Add +0.1%
HLN Haleon PLC-ADR 0.02% 21,256 $219K Add +0.4%
GLW Corning Inc. 0.02% 4,775 $219K Add +0.0%
VICTORY PORTFOLIOS II 0.02% 4,810 $218K Reduce -1.7%
SCHW Schwab (charles) Corp. 0.02% 2,763 $216K Reduce -1.5%
NOV Nov Inc. 0.02% 14,066 $214K Add +7.7%
TGT Target Corp. 0.02% 2,048 $214K Reduce -12.1%
SHLD Global X Defense Tech ETF 0.02% 4,579 $213K New
VPLS Vanguard Core-Plus Bond ETF 0.02% 2,741 $213K New
WSC Willscot Holdings Corp. 0.02% 7,615 $212K New
PPL PPL Corp. 0.02% 5,781 $209K Reduce -7.9%
C Citigroup Inc. 0.02% 2,933 $208K Reduce -36.9%
VICTORY PORTFOLIOS II 0.02% 4,031 $208K Reduce -5.8%
GEHC GE Healthcare Technology 0.02% 2,573 $208K Reduce -1.1%
SBUX Starbucks Corp. 0.02% 2,121 $208K Reduce -9.7%
SWK Stanley Black & Decker Inc. 0.02% 2,690 $207K New
FPE FT-Preferred Secur & Inc. ETF 0.02% 11,712 $206K Reduce -1.3%
EFA iShares MSCI Eafe ETF 0.02% 2,574 $206K New
VTIP Vanguard Short-Term Tips 0.02% 4,074 $203K Reduce -2.4%
IFN Aberdeen India Fund Inc. 0.02% 12,761 $201K Reduce -5.1%
IVZ Invesco Ltd. 0.02% 12,746 $193K Reduce -1.6%
SONO Sonos Inc. 0.02% 16,296 $181K Reduce -0.4%
BGB Blackstone Strategic Credit 0.02% 12,859 $155K Reduce -3.0%
NWL Newell Brands Inc. 0.02% 24,674 $153K Add +2.9%
WBD Warner Bros Discovery Inc. 0.01% 14,912 $146K Reduce -10.6%
F Ford Motor Co. filed as FORD MTR CO 0.01% 13,805 $139K Reduce -16.6%
JGH Nuveen Global High Income 0.01% 10,509 $137K New
PCN PIMCO Corporate & Income STR 0.01% 10,000 $137K No change
RQI Cohen & Steers Qual Inc. RLTY 0.01% 10,584 $133K Reduce -19.9%
LUMN Lumen Technologies Inc. 0.01% 27,332 $107K No change
EBS Emergent Biosolutions Inc. 0.01% 18,725 $91K New
ACHR Archer Aviation Inc. Class A 0.01% 10,000 $71K Reduce -10.0%
AIRG Airgain Inc. 0.01% 19,761 $67K No change
BBAI Bigbear.ai Holdings Inc. 0.01% 19,000 $54K New
REAL The Realreal Inc. filed as THE REALREAL INC 0.01% 10,000 $54K No change
CRBU Caribou Biosciences Inc. 0.01% 56,400 $52K Add +24.2%
AMC AMC Entertainment HLDS Class A 0.00% 12,212 $35K No change
INO Inovio Pharmaceuticals Inc. 0.00% 10,073 $16K No change
EDIT Editas Medicine Inc. 0.00% 14,000 $16K No change
STEM Stem Inc. 0.00% 22,600 $8K New
Other holdings (2): bonds, preferreds, convertibles and warrants · $4.0M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 2,627$3.1MReduce -16.0%
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 25,585$912KAdd +55.4%

Total filed on the 13F, all lines: $983.7M.

Portfolio Sells Q4 2024 → Q1 2025

AAPL Apple Inc. Reduce -4.0% 7.76% −1.07
SHM SS SPDR N Ice St Muni ETF Sold out 0.00% −0.38
HEFA Isha Curr Hedged MSCI Eafe Reduce -48.7% 0.34% −0.27
BUFR FT Vest Lad Buffervetf-Usd I Reduce -35.5% 0.50% −0.27
GRID First TRST Nasd Class Edg Sgiif Reduce -88.8% 0.03% −0.26
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -4.4% 3.99% −0.24
SPYG SS SPDR P S&P 500 Growth ETF Reduce -1.7% 3.10% −0.24
AMZN Amazon.com Inc. Reduce -0.7% 1.86% −0.18
BRK.A Berkshire Hathaway Inc. Class A Reduce -22.7% 1.36% −0.13
IQLT iShares MSCI International Q Reduce -32.3% 0.38% −0.13
SPYX SS SPDR S&P 500 Foss FL ETF Sold out 0.00% −0.12
GOOG Alphabet Inc. Class C Reduce -0.5% 0.60% −0.11
XJR Ishr ESG SS S&P Smal-Cap-Usd Sold out 0.00% −0.11
QUAL iShares MSCI USA Quality Fac Reduce -20.7% 0.39% −0.11
MDY State Street SPDR S&P Midcap Reduce -18.0% 0.36% −0.09
AGG iShares Core U.S. Aggregate Reduce -46.3% 0.10% −0.07
XLK SS Technology Select Sector Reduce -21.6% 0.17% −0.07
VOO Vanguard S&P 500 ETF Reduce -2.3% 1.73% −0.06
NFTY First Trust India Nifty 50 E Reduce -47.6% 0.07% −0.06
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.8% 0.63% −0.05
CMG Chipotle Mexican Grill Inc. Reduce -0.1% 0.38% −0.05
IVE iShares S&P 500 Value ETF Sold out 0.00% −0.05
PG The Procter & Gamble Co. Reduce -10.2% 0.63% −0.05
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.04
IXN iShares Global Tech ETF Reduce -12.4% 0.17% −0.04
XLI SS Industrial Select Sector Reduce -27.8% 0.11% −0.04
BINC iShares Flex I A ETF-Usd Inc. Reduce -17.3% 0.23% −0.04
DIA SS SPDR Dow Jones Indus Avg Reduce -13.4% 0.25% −0.03
SPYV SS SPDR P S&P 500 Value ETF Reduce -12.7% 0.30% −0.03
SPLV Invesco S&P 500 Low Volatili Reduce -51.5% 0.04% −0.03
HD Home Depot Inc. Reduce -3.7% 0.38% −0.03
HON Honeywell International Inc. Sold out 0.00% −0.03
CDL Victoryshares US Large Cap H Reduce -56.7% 0.02% −0.03
XLE SS Energy Select Sector Reduce -20.3% 0.24% −0.03
COIN Coinbase Global Inc. Class A Reduce -14.4% 0.04% −0.03
TEVA Teva Pharmaceutical-SP ADR Reduce -1.8% 0.06% −0.03
SHOP Shopify Inc. Class A Sold out 0.00% −0.03
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.6% 0.46% −0.03
MRK Merck & Co. Inc. Reduce -2.0% 0.24% −0.02
MUB iShares National Muni Bond E Reduce -51.4% 0.02% −0.02
ALB Albemarle Corp. Sold out 0.00% −0.02
VTWO Vanguard Russell 2000 ETF Sold out 0.00% −0.02
VIOO Vanguard S&P Small-Cap 600 E Reduce -2.3% 0.26% −0.02
ILMN Illumina Inc. Sold out 0.00% −0.02
ATI Ati Inc. Sold out 0.00% −0.02
SCCO Southern Copper Corp. Sold out 0.00% −0.02
DAL Delta Air Lines Inc. Sold out 0.00% −0.02
UAL United Airlines Holdings Inc. Sold out 0.00% −0.02
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.02
SCHG Schwab US Large-Cap Growth Reduce -4.6% 0.16% −0.02

Portfolio Buys Q4 2024 → Q1 2025

VFLO Victoryshares Free Cash Flow Add +37.4% 2.52% +0.76
XLG Invesco S&P 500 Top 50 ETF Add +417.8% 0.57% +0.46
BRK.B Berkshire Hathaway Inc. Class B Add +3.4% 1.85% +0.37
HYMB SS SPDR N Ice HY Muni ETF Add +519.1% 0.43% +0.36
IAU iShares Gold Trust Add +550.5% 0.41% +0.36
PLTR Palantir Technologies Inc. Class A Add +1.7% 2.14% +0.32
PEP Pepsico Inc. Add +82.8% 0.49% +0.23
JQUA JPMorgan US Quality Factor Add +8.3% 1.87% +0.18
SPTL SS SPDR PF LNG TRM TSY E-Usd Add +27.3% 0.51% +0.14
ET Energy Transfer LP New 0.14% +0.14
HIMU iShares High Yild Muni A ETF New 0.13% +0.13
BIDD iShares International Divide Add +15.2% 0.64% +0.13
EPD Enterprise Products Partners New 0.13% +0.13
TCAF T Rowe PRC Cap Appreciation Add +15.1% 0.74% +0.10
JNJ Johnson & Johnson Add +3.0% 0.74% +0.10
BND Vanguard Total Bond Market Add +5.2% 0.99% +0.09
CVX Chevron Corp. Add +14.0% 0.33% +0.09
T AT&T Inc. Add +0.8% 0.61% +0.08
EMXC iShares MSCI Emr MRK Ex Chna Add +17.7% 0.39% +0.07
XLF SS Financial Select Sector Add +17.6% 0.32% +0.07
IONQ Ionq Inc. New 0.06% +0.06
GRAB Grab Holdings Ltd. Class A Add +794.0% 0.06% +0.06
KO The Coca-Cola Co. Add +8.9% 0.24% +0.05
ABT Abbott Laboratories Add +0.2% 0.50% +0.05
PFE Pfizer Inc. Add +28.8% 0.23% +0.05
FLXR TCW Flexible Income ETF Add +161.3% 0.07% +0.05
MCD McDonald's Corp. Add +0.9% 0.62% +0.04
STX Seagate Technology Holdings Add +1.7% 0.57% +0.04
OKE Oneok Inc. Add +134.1% 0.06% +0.04
BA The Boeing Co. Add +2.0% 0.47% +0.04
CGUS Cap Group Core Equity Add +32.6% 0.15% +0.04
FMB First Trust Managed Municipa Add +17.0% 0.22% +0.04
SDVY First Trust Smid Cap Rising Add +20.6% 0.25% +0.04
IVV iShares Core S&P 500 ETF Add +6.3% 0.71% +0.03
AB Alliancebernstein Holding LP Add +59.3% 0.07% +0.03
ELV Elevance Health Inc. Add +29.0% 0.10% +0.03
NFLX Netflix Inc. Add +3.4% 0.30% +0.03
ENB Enbridge Inc. Add +40.8% 0.10% +0.03
CRWD CrowdStrike Holdings Inc. Class A Add +35.1% 0.10% +0.03
B Barrick Gold Corp. Add +4.6% 0.12% +0.03
GILD Gilead Sciences Inc. New 0.03% +0.03
FTNT Fortinet Inc. New 0.03% +0.03
D Dominion Energy Inc. Add +32.8% 0.10% +0.03
COST Costco Wholesale Corp. Add +21.3% 0.12% +0.03
HIMS Hims & Hers Health Inc. New 0.03% +0.03
QLTA iShares Aaa - A Rated Corpor Add +76.5% 0.06% +0.03
WMT Walmart Inc. Add +13.4% 0.22% +0.03
FVD First Trust Value Line DVD Add +18.6% 0.13% +0.03
PNC PNC Financial Services Group New 0.03% +0.03
RGTI Rigetti Computing Inc. New 0.03% +0.03

Notes & Other Activity Q4 2024 → Q1 2025

WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -16.0% 2,627 $3.1M
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +55.4% 25,585 $912K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 565$1.7BAAPL, SPY, SPYM, STX, SPYG
Q1 2026 522$1.5BAAPL, SPY, SPYM, VFLO, STX
Q4 2025 452$1.3BAAPL, SPY, PLTR, SPYM, VFLO
Q3 2025Amended 422$1.3BSPY, AAPL, PLTR, NVDA, VTI
Q2 2025 428$1.1BSPY, AAPL, SPYM, NVDA, VTI
Q1 2025 393$979.6MAAPL, SPY, SPYM, SPYG, VTI
Q4 2024 388$1.0BAAPL, SPY, SPYM, SPYG, VTI
Q3 2024Amended 371$777.2MSPY, AAPL, SPYM, SPYG, VTI
Q2 2024 167$275.4MAAPL, MSFT, NVDA, BRK.B, BRK.A
Q1 2024 346$683.3MSPY, SPYM, AAPL, VTI, SPYG