Lanark Financial, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Lanark Financial, Inc. reported 2,479 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 2.8% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 2.5%) and Microsoft (MSFT, 2.4%). Compared with Q2 2025, it opened 284 new positions, sold out of 131, added to 674 and reduced 787. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +57%) and the biggest sale Cap Group Core Equity (CGUS, shares −99%).

Most Recent 13F
Q2 2026
Location
BIRMINGHAM, AL
CIK
0000791540
Portfolio Value
$1.3B (Q3 2025)
SEC Filing
0000791540-25-000012 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.1M Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 2,479 stocks · $1.3B
AAPL Apple Inc. 2.81% 142,885 $36.4M Add +6.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.53% 49,099 $32.7M Add +57.3%
MSFT Microsoft Corp. 2.39% 59,712 $30.9M Add +1.2%
SPYM Ste STR SPDR PT S&P 500 ETF 1.83% 302,001 $23.7M Add +4.3%
NVDA Nvidia Corp. 1.53% 105,986 $19.8M Add +9.7%
AMZN Amazon.com Inc. 1.32% 77,572 $17.0M Add +11.7%
AVGO Broadcom Inc. 1.31% 51,324 $16.9M Reduce -14.8%
VOO Vanguard S&P 500 ETF 1.24% 26,124 $16.0M Add +63.4%
GOOGL Alphabet Inc. Class A 1.07% 56,733 $13.8M Add +34.5%
JPM JPMorgan Chase & Co. 0.98% 40,088 $12.6M Reduce -0.7%
IVV iShares Core S&P 500 ETF 0.98% 18,831 $12.6M Add +2.6%
QQQ Invesco QQQ Trust Series 1 0.83% 17,912 $10.8M Add +100.5%
VEA Vanguard Ftse Developed ETF 0.79% 171,472 $10.3M Reduce -33.3%
V Visa Inc. Class A 0.74% 27,875 $9.5M Reduce -0.3%
WMT Walmart Inc. 0.73% 91,350 $9.4M Reduce -8.0%
NEE Nextera Energy Inc. 0.68% 116,274 $8.8M Add +7.7%
VTI VG Morningstar TS MKT ETF-US 0.64% 25,010 $8.2M Add +344.8%
TMUS T-Mobile US Inc. 0.63% 33,837 $8.1M Add +0.9%
SPDW Ste STR SPDR PT DW Eu ETF 0.62% 187,191 $8.0M Add +11.1%
PG The Procter & Gamble Co. 0.55% 45,885 $7.1M Reduce -15.9%
TLN Talen Energy Corp. 0.52% 15,716 $6.7M Reduce -0.5%
SPAB SS SPDR P Agg Bond ETF 0.52% 258,276 $6.7M Add +8.8%
WMB Williams Cos Inc. 0.50% 101,323 $6.4M Add +641.5%
ORCL Oracle Corp. 0.49% 22,378 $6.3M Reduce -26.1%
SPIB SS SPDR P Int C Corp. ETF 0.46% 176,629 $6.0M Add +17.8%
DTM DT Midstream Inc. 0.46% 52,773 $6.0M Reduce -0.5%
JNJ Johnson & Johnson 0.46% 31,737 $5.9M Reduce -19.3%
META Meta Platforms Inc. Class A 0.45% 7,957 $5.8M Add +7.1%
IWF iShares Russell 1000 Growth 0.45% 12,298 $5.8M Reduce -1.2%
MS Morgan Stanley 0.44% 36,162 $5.7M Add +3.0%
NI Nisource Inc. 0.44% 130,152 $5.6M Reduce -0.9%
DGRW Wisdomtree U.S. Quality Divi 0.43% 62,823 $5.6M Add +9.0%
CEG Constellation Energy 0.43% 16,781 $5.5M Add +2.5%
CIBR First Trust Nasdaq Cybersecu 0.42% 71,402 $5.4M Add +12.1%
VCIT Vanguard Int-Term Corporate 0.42% 64,236 $5.4M Add +13.0%
PH Parker Hannifin Corp. 0.40% 6,747 $5.1M Add +3.0%
QGRW Wisdomtree US Quality Growth 0.39% 87,361 $5.0M Add +10.1%
LIN Linde PLC 0.38% 10,395 $4.9M Reduce -2.1%
XLK SS Technology Select Sector 0.38% 17,376 $4.9M Add +0.1%
IDA Idacorp Inc. 0.38% 36,912 $4.9M Add +0.2%
LMT Lockheed Martin Corp. 0.38% 9,741 $4.9M Reduce -4.7%
CCJ Cameco Corp. 0.37% 57,664 $4.8M Reduce -0.0%
SYY Sysco Corp. 0.37% 58,528 $4.8M Add +2.3%
CCI Crown Castle Inc. 0.37% 49,521 $4.8M Add +883.0%
GOOG Alphabet Inc. Class C 0.37% 19,558 $4.8M Reduce -38.1%
UBER Uber Technologies Inc. 0.37% 48,292 $4.7M Add +4.8%
PWR Quanta Services Inc. 0.36% 11,288 $4.7M Reduce -0.3%
HD Home Depot Inc. 0.35% 11,302 $4.6M Add +5.0%
ETR Entergy Corp. 0.35% 49,126 $4.6M Reduce -0.3%
AGG iShares Core U.S. Aggregate 0.35% 45,664 $4.6M Add +90.0%
CB Chubb Ltd. 0.35% 16,185 $4.6M Reduce -21.0%
XOM Exxon Mobil Corp. 0.34% 39,406 $4.4M Reduce -7.0%
SGOV iShares 0-3 Month Treasury B 0.34% 43,678 $4.4M Reduce -13.3%
UNP Union Pacific Corp. 0.33% 18,295 $4.3M Reduce -37.3%
LLY Eli Lilly & Co. 0.33% 5,540 $4.2M Reduce -18.2%
IJH iShares Core S&P Midcap ETF 0.32% 63,947 $4.2M Add +7.3%
PEG Public Service Enterprise GP 0.32% 49,940 $4.2M Reduce -0.6%
ABBV Abbvie Inc. 0.32% 17,963 $4.2M Reduce -2.2%
MDT Medtronic PLC 0.32% 43,519 $4.1M Add +3.0%
LOW Lowe's Cos Inc. 0.32% 16,488 $4.1M Add +5.4%
RSG Republic Services Inc. 0.31% 17,737 $4.1M Add +4.0%
IJR iShares Core S&P Small-Cap E 0.31% 34,109 $4.1M Add +7.5%
JCI Johnson Controls Internation 0.31% 36,372 $4.0M Reduce -9.3%
EQIX Equinix Inc. 0.30% 5,031 $3.9M Add +0.3%
PPL PPL Corp. 0.30% 104,096 $3.9M Reduce -0.5%
NFLX Netflix Inc. 0.30% 3,199 $3.8M Reduce -1.3%
EFG iShares MSCI Eafe Growth ETF 0.30% 33,613 $3.8M Add +3.2%
T AT&T Inc. 0.30% 135,536 $3.8M Reduce -3.0%
XEL Xcel Energy Inc. 0.30% 47,377 $3.8M Reduce -0.6%
FTCS First Trust Capital Strength 0.29% 40,450 $3.8M Reduce -41.0%
IWR iShares Russell Mid-Cap ETF 0.29% 38,858 $3.8M Reduce -2.5%
AGGY Wisdomtree Yield Enhanced US 0.29% 84,649 $3.7M Add +3.8%
VWO Vanguard Ftse Emerging Marke 0.29% 69,058 $3.7M Add +6.3%
IWM iShares Russell 2000 ETF 0.29% 15,380 $3.7M Add +49.1%
IWD iShares Russell 1000 Value E 0.29% 18,262 $3.7M Add +0.5%
BNDX Vanguard Total Intl Bond ETF 0.28% 74,340 $3.7M Add +9.3%
AEE Ameren Corporation 0.28% 35,145 $3.7M Reduce -0.3%
SYK Stryker Corp. 0.28% 9,838 $3.6M Add +4.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.28% 32,626 $3.6M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.28% 7,208 $3.6M Reduce -29.1%
CNP Centerpoint Energy Inc. 0.28% 93,365 $3.6M Reduce -0.5%
CVX Chevron Corp. 0.28% 23,148 $3.6M Reduce -38.6%
VEU Vanguard Ftse All-World Ex-U 0.28% 49,931 $3.6M Add +1145.8%
PNW Pinnacle West Capital 0.28% 39,708 $3.6M Reduce -0.3%
ATO Atmos Energy Corp. 0.27% 20,442 $3.5M Reduce -0.5%
SCHD Schwab US DVD Equity ETF 0.27% 127,278 $3.5M Reduce -2.5%
MU Micron Technology Inc. 0.27% 20,590 $3.4M Add +0.2%
JEPI JPMorgan Equity Premium Inco 0.26% 58,437 $3.3M Add +6.4%
PAYX Paychex Inc. 0.26% 26,232 $3.3M Add +17.4%
MA Mastercard Inc. Class A 0.25% 5,782 $3.3M Reduce -0.4%
SRE Sempra 0.25% 36,469 $3.3M Add +11.3%
IAU iShares Gold Trust 0.25% 44,887 $3.3M Add +616.6%
LEU Centrus Energy Corp. Class A 0.25% 10,485 $3.3M Reduce -0.3%
PEP Pepsico Inc. 0.25% 22,826 $3.2M Reduce -11.4%
NXPI NXP Semiconductors NV 0.25% 13,993 $3.2M Add +1.4%
EFV iShares MSCI Eafe Value ETF 0.24% 46,434 $3.1M Add +10.0%
VGT Vanguard Info Tech ETF 0.24% 4,204 $3.1M Add +6.5%
MRK Merck & Co. Inc. 0.24% 37,173 $3.1M Reduce -29.4%
WTV Wisdomtree U.S. Value Fund 0.24% 33,829 $3.1M Add +12.3%
MP MP Materials Corp. 0.24% 45,817 $3.1M New

Show all 2,479 holdings

Options reported separately and not counted above: MRNA puts ($23K), NVO puts ($19K), STZ puts ($17K), BHVN puts ($13K), KVUE puts ($10K), SCHW calls ($9K), BA calls ($8K), NWL puts ($8K), SMCI puts ($7K), TTD puts ($7K), SYM puts ($6K), KMX puts ($6K), and 87 more.

Other holdings (191): bonds, preferreds, convertibles and warrants · $7.6M (not counted above)
SecurityClassShares / PrincipalValueChange
STEEL PARTNERS HLDS LP (SPLP 6 02/07/26 A) PREFERRED STK 44,881$1.1MNo change
FREDDIE MAC (FMCC V8.375 PERP Z) PFD 54,531$853KNo change
MORGAN STANLEY (MS 5.85 PERP K) Bond 14,809$363KNo change
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock 14,948$302KReduce -6.0%
JPMORGAN CHASE & CO (JPM 5.75 PERP DD) PREFERRED STOCK 12,069$300KAdd +20.3%
OFFICE PPTY INCOME TRST (OPI 6.375 06/23/50 0000) Pref 70,029$298KAdd +8.0%
US BANCORP (USB 5.5 PERP K) Common Stock 10,403$253KNo change
BANK OF AMERICA CORP (BAC 6.45 12/15/66 K*) Common Stock 9,486$243KAdd +1.1%
BRC GROUP HOLDINGS INC (RILY 6.5 09/30/26) Preferred 9,593$194KAdd +21.5%
DIME COMMERCIAL INC (DCOM 5.5 PERP) PREFERRED STOCK 8,652$166KAdd +0.5%
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock 6,637$139KAdd +8.2%
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD 4,655$118KAdd +0.6%
TRUIST FINANCIAL CORP (TFC F PERP I) Common Stock 5,000$114KNo change
BRIGHTHOUSE FINANCIAL IN (BHF 6.6 PERP A) BHFAP 6,151$102KReduce -13.7%
WELLS FARGO & COMPANY (WFC 4.7 PERP AA) Common Stock 5,001$98KAdd +0.8%
JPMORGAN CHASE & CO (JPM 4.55 PERP JJ) COM 4,863$97KNo change
PRUDENTIAL FINANCIAL INC (PRU 5.625 08/15/58) PFD 3,859$96KAdd +35.3%
CAPITAL ONE FINANCIAL CO (COF 4.8 PERP J) Common Stock 4,860$94KNo change
WELLS FARGO & COMPANY (WFC 4.25 PERP DD) PFD 5,240$93KNo change
BRC GROUP HOLDINGS INC (RILY 5 12/31/26) PREFERRED STOCK 4,801$91KNo change
SOUTHERN CO (SO 4.95 01/30/80 2020) PFD 4,323$91KNo change
PUBLIC STORAGE (PSA 3.9 PERP O) PREFERREDSTK 5,122$86KNo change
BANK OF AMERICA CORP (BAC 5.375 PERP KK) PFD 3,703$85KAdd +0.8%
AFFILIATED MANAGERS GROU (AMG 5.875 03/30/59) Common Stock 3,517$78KNo change
JACKSON FINANCIAL INC (JXN V8 PERP) PFD 3,000$78KNo change
SOUND POINT MERIDIAN CAP (SPMC 8 11/30/29) PREFERREDSTK 3,100$78KNo change
CARLYLE FINANCE LLC (CG 4.625 05/15/61) PFD 4,250$76KNo change
RUNWAY GROWTH FINANCE CO (RWAY 9 01/31/27) PREFERREDSTK 2,450$62KNo change
PRIORITY INCOME FUND (PRIORT 6 12/31/28 J) Preferred 2,543$61KNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 45$59KNo change
NATL HEALTHCARE PROP INC (HEATRU 7.375 PERP A) PREFERREDSTK 3,025$56KNo change
BRIGHTHOUSE FINANCIAL IN (BHF 6.75 PERP B) Common Stock 3,372$56KReduce -20.3%
PRIORITY INCOME FUND (PRIORT 7 06/30/29 D) PREFERREDSTK 2,258$55KNo change
GLOBAL NET LEASE INC (GNL 7.25 PERP A) PREFERREDSTK 2,260$53KNo change
BANK OF AMERICA CORP (BAC 5.875 PERP HH) Common Stock 2,037$51KNo change
ALLSTATE CORP (ALL 7.375 PERP J) PERP PFD J 1,862$49KNo change
EQUITABLE HOLDINGS INC (EQH 5.25 PERP A) Common Stock 2,073$45KAdd +0.5%
DIGITAL REALTY TRUST INC (DLR 5.2 PERP L) PFDs, REITs, 2,028$44KNo change
SARATOGA INVESTMENT CORP (SAR 6 04/30/27 2027) PREFERREDSTK 1,680$42KNo change
METLIFE INC (MET 5.625 PERP E) Common Stock 1,606$40KAdd +101.8%
EIDP INC (CTVA 4.5 PERP +B) PFD 525$38KNo change
ARLINGTON ASSET INVEST (AAIC 6 08/01/26) PREFERREDSTK 1,940$38KNo change
EAGLE POINT INSTL INCOME (EAPIIF 8.125 10/31/29 A) PREFERREDSTK 1,479$37KNo change
REGIONS FINANCIAL CORP (RF V5.7 PERP C) Common Stock 1,512$37KNo change
OFS CREDIT COMPANY (OCCI 6.125 04/30/26 C) PREFERREDSTK 1,400$35KNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 28$35KNo change
ADAMAS TRUST INC (ADAM 7 PERP G) PREFERREDSTK 1,700$33KNo change
EAGLE POINT CREDIT CO (ECC 6.5 06/30/31) PREFERREDSTK 1,400$33KNo change
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% 1,247$32KAdd +130.9%
WELLS FARGO & COMPANY (WFC 5.625 PERP Y) PREFERRED STOCK 1,263$31KAdd +46.4%
GENERAL AMERICAN INVEST (GAM 5.95 PERP B) Pfd Stk 1,218$31KAdd +0.5%
ADAMAS TRUST INC (ADAM 9.125 04/01/30) PREFERREDSTK 1,084$27KNo change
MORGAN STANLEY (MS 7.125 PERP E) PFD 1,028$26KNo change
AT&T INC (T 5.35 11/01/66) Preferred Stock 1,129$26KNo change
BRIGHTHOUSE FINANCIAL IN (BHF 4.625 PERP D) PREFERREDSTK 2,129$26KAdd +2.2%
FARMER MAC (FAMCA 5.75 PERP E) PFD 1,125$25KNo change
GLOBAL NET LEASE INC (GNL 7.5 PERP D) PREFERREDSTK 1,000$25KNo change
PRIORITY INCOME FUND (PRIORT 6.375 03/31/29 L) PREFERREDSTK 1,000$24KNo change
EPR PROPERTIES (EPR 5.75 PERP G) PREFERREDSTK 1,072$23KAdd +1.6%
COMPASS DIVERSIF HOLDING (CODI 7.875 PERP C) PREFERREDSTK 1,250$23KReduce -19.4%
CARLYLE CREDIT INCOME (CCIF 8.75 10/31/28) PREFERRED STK 900$23KNo change
BRUNSWICK CORP (BC 6.5 10/15/48) PFD 845$21KAdd +0.8%
SACHEM CAPITAL CORP (SACH 7.125 06/30/27) PREFERREDSTK 900$21KAdd +125.0%
AT&T INC (T 4.75 PERP C) PFD 1,047$21KNew
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 300$20KAdd +36.4%
KKR REAL ESTATE FIN (KREF 6.5 PERP A) PREFERREDSTK 1,035$20KAdd +0.5%
OSAIC FINANCIAL SVCS INC (LTS 7.75 06/30/29) PREFERREDSTK 900$20KNo change
FIRST HORIZON CORP (FHN 6.5 PERP E) PFD 800$20KNew
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 265$19KNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 265$18KNo change
ADAMAS TRUST INC (ADAM 9.875 10/01/30) PFD 700$18KNew
BROOKFIELD OAKTREE HLDGS (OAK 6.625 PERP A) PFD 800$18KNo change
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 320$16KNo change
BRC GROUP HOLDINGS INC (RILY 5.25 08/31/28) Pref 1,300$15KNo change
OXFORD LANE CAPITAL CORP (OXLC 6.25 02/28/27 2027) Preferred Share 600$15KNo change
EAGLE POINT CREDIT CO (ECC 6.75 03/31/31) PREFERREDSTK 600$14KNo change
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 240$14KAdd +45.5%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 265$14KNo change
KKR & CO INC (KKR 6.875 06/01/65 T) Pref 508$13KAdd +1.6%
ANNALY CAPITAL MGMT (NLY V0 PERP F) COM 500$13KNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 314$12KAdd +5.4%
NEXTERA ENERGY CAPITAL (NEE 5.65 03/01/79 N) PFD 456$11KNo change
PUBLIC STORAGE (PSA 5.15 PERP F) PREFERRED STOCK 475$11KNo change
LINCOLN NATIONAL CORP (LNC 9 PERP D) PFD 400$11KNo change
ATHENE HOLDING LTD (ATH V7.75 PERP E) PREFERREDSTK 400$10KNo change
ENTERGY NEW ORLEANS LLC (ETR 5.5 04/01/66) PFD 450$10KNo change
PENNYMAC MTGE INVESTMENT (PMT 8.5 09/30/28) PREFERREDSTK 400$10KNo change
EAGLE PT INCOME CO INC (EIC 7.75 07/31/28 B) PREFERRED STK 400$10KNo change
UMH PROPERTIES INC (UMH 6.375 PERP D) PREFERREDSTK 430$10KNew
GLOBAL NET LEASE INC (GNL 7.375 PERP E) PREFERREDSTK 400$10KNo change
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 374$9KNo change
NATIONAL STORAGE AFFILIA (NSA 6 PERP A) PFD 400$9KNo change
GOLDMAN SACHS GROUP INC (GS F PERP A) COM 431$9KNo change
PROSPECT CAPITAL CORP (PSEC 5.35 PERP A) Pref 500$8KNo change
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF 75$7KNew
GLADSTONE COMMER (GOOD 6 PERP G) PREFERREDSTK 350$7KNo change
FOSSIL GROUP INC (FOSL 7 11/30/26) PREFERRED STK 300$6KReduce -76.9%
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 147$4KNo change
QVC GROUP INC (QVCG 8 03/15/31) PFD 500$3KNo change
TRUIST FINANCIAL CORP (TFC 4.75 PERP R) COM 92$2KNo change
METLIFE INC (MET 4.75 PERP F) COM 89$2KNo change
CHARLES SCHWAB CORP (SCHW 4.45 PERP J) PFD 88$2KNo change
ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) Common Stock 91$2KAdd +4.6%
HUNTINGTON BANCSHARES (HBAN 4.5 PERP H) PFD 85$2KNo change
CITIZENS FINANCIAL GROUP (CFG 5 PERP E) Common Stock 74$2KNo change
JPMORGAN CHASE & CO (JPM 4.625 PERP LL) Common Stock 74$1KNo change
WELLS FARGO & COMPANY (WFC 4.75 PERP Z) Common Stock 74$1KNo change
STATE STREET CORP (STT V5.35 PERP G) Common Stock 58$1KNo change
ALLSTATE CORP (ALL 5.1 PERP H) PFD 60$1KNo change
MORGAN STANLEY (MS 4.25 PERP O) Common Stock 71$1KNo change
NEWTEKONE INC (NEWT 5.5 02/01/26) PREFERREDSTK 51$1KNo change
FIFTH THIRD BANCORP (FITB 4.95 PERP K) Common Stock 60$1KNo change
TRUIST FINANCIAL CORP (TFC 5.25 PERP O) PFD 53$1KNo change
JPMORGAN CHASE & CO (JPM 4.2 PERP MM) PFD 62$1KNo change
KEYCORP (KEY V6.125 PERP E) Common Stock 46$1KNo change
BANK OF AMERICA CORP (BAC 4.25 PERP QQ) Common Stock 64$1KNo change
NORTHERN TRUST CORP (NTRS 4.7 PERP E) COM 56$1KNo change
SOUTHERN CO (SO 4.2 10/15/60 C) PFD 61$1KNo change
US BANCORP (USB 4 PERP M) PFD 65$1KNo change
MORGAN STANLEY (MS 4.875 PERP L) PFD 49$1KNew
BANK OF AMERICA CORP (BAC 4.375 PERP NN) PFD 54$1KNew
BERKLEY (WR) CORPORATION (WRB 5.1 12/30/59) Common Stock 44$941New
WELLS FARGO & COMPANY (WFC 4.375 PERP CC) Common Stock 51$927New
US BANCORP (USB 3.75 PERP L) Common Stock 57$909New
BANK OF AMERICA CORP (BAC 4.125 PERP PP) Common Stock 51$896New
CMS ENERGY CORP (CMS 5.875 03/01/79) Common Stock 37$893New
JPMORGAN CHASE & CO (JPM 4.75 PERP GG) Common Stock 42$881New
BANK OF AMERICA CORP (BAC 5 PERP LL) PFD 41$874New
FIFTH THIRD BANCORP (FITB V7.67122 PERP I) PFD 34$863New
PUBLIC STORAGE (PSA 4.625 PERP L) COM 41$804New
BANK OF NY MELLON CORP (BNY V6.15 PERP K) Common Stock 31$798New
US BANCORP (USB 4.5 PERP O) Common Stock 39$769New
HUNTINGTON BANCSHARES (HBAN V6.875 PERP J) PFD 30$766New
PRUDENTIAL FINANCIAL INC (PRU 4.125 09/01/60) Common Stock 41$742New
PUBLIC STORAGE (PSA 4 PERP P) Common Stock 42$725New
ARCH CAPITAL GROUP LTD (ACGL 5.45 PERP F) Common Stock 33$719New
KEYCORP (KEY V6.2 PERP) Common Stock 28$706New
BANK OF AMERICA CORP (BAC 4.75 PERP SS) PREFERR 34$695New
REGIONS FINANCIAL CORP (RF 4.45 PERP E) Common Stock 37$686New
REGIONS FINANCIAL CORP (RF V6.95 PERP) Common Stock 26$669New
CITIZENS FINANCIAL GROUP (CFG 7.375 PERP H) Common Stock 25$661New
DTE ENERGY CO (DTE 4.375 12/01/81) Common Stock 35$633New
CMS ENERGY CORP (CMS 4.2 PERP C) Common Stock 32$619New
KIMCO REALTY CORP (KIM 5.25 PERP M) PFD 27$597New
COREBRIDGE FINANCIAL INC (CRBG 6.375 12/15/64) Common Stock 24$589New
CMS ENERGY CORP (CMS 5.625 03/15/78) PUBLIC 23$564New
DUKE ENERGY CORP (DUK 5.75 PERP A) Common Stock 22$550New
M&T BANK CORPORATION (MTB V5.625 PERP H) Common Stock 22$546New
VOYA FINANCIAL INC (VOYA V5.35 PERP B) Common Stock 22$526New
PUBLIC STORAGE (PSA 4.875 PERP I) Common Stock 25$522New
DTE ENERGY CO (DTE 5.25 12/01/77 E) Common Stock 23$512New
KEYCORP (KEY 5.625 PERP G) COM 21$482New
RENAISSANCERE HOLDINGS L (RNR 4.2 PERP G) SNP 28$469New
ALLSTATE CORP (ALL 4.75 PERP I) Common Stock 22$458New
DUKE ENERGY CORP (DUK 5.625 09/15/78) PFD 18$449New
STIFEL FINANCIAL CORP (SF 5.2 10/15/47) Common Stock 21$446New
AT&T INC (T 5 PERP A) COM 21$439New
AMERICAN FINANCIAL GROUP (AFG 5.125 12/15/59) PFD 21$430New
M&T BANK CORPORATION (MTB 7.5 PERP J) Common Stock 16$427Reduce -96.4%
HARTFORD INSUR GRP INC/T (HIG 6 PERP G) Common Stock 17$426New
PUBLIC STORAGE (PSA 4.125 PERP M) PFD 24$420New
BERKLEY (WR) CORPORATION (WRB 4.125 03/30/61) Common Stock 21$393New
NEXTERA ENERGY CAPITAL (NEE 6.5 06/01/85 U) Common Stock 15$386New
PRUDENTIAL FINANCIAL INC (PRU 5.95 09/01/62) Common Stock 15$383New
ENTERGY ARKANSAS LLC (ETR 4.875 09/01/66) EQUITY 18$381New
STIFEL FINANCIAL CORP (SF 6.125 PERP C) Common Stock 15$360New
PUBLIC STORAGE (PSA 5.6 PERP H) Common Stock 14$342New
GEORGIA POWER CO (SO 5 10/01/77 2017) COM 14$329New
AFFILIATED MANAGERS GROU (AMG 4.75 09/30/60) Common Stock 18$324New
RENAISSANCERE HOLDINGS L (RNR 5.75 PERP F) Common Stock 13$305New
EQUITABLE HOLDINGS INC (EQH 4.3 PERP C) Preferred 17$298New
CULLEN/FROST BANKERS INC (CFR 4.45 PERP B) Common Stock 16$289New
ENTERGY MISSISSIPPI LLC (ETR 4.9 10/01/66) A-Share 13$280New
DTE ENERGY CO (DTE 4.375 10/15/80 G) Common Stock 15$277New
AMERICAN FINANCIAL GROUP (AFG 5.875 03/30/59) Common Stock 12$276New
ENTERGY LOUISIANA LLC (ETR 4.875 09/01/66 *) EQUITY 13$275New
MORGAN STANLEY (MS F PERP +A) COM 12$256New
KEYCORP (KEY 5.65 PERP F) PFD 11$253New
MORGAN STANLEY (MS 6.875 PERP F) PFD 10$251New
UMB FINANCIAL CORP (UMBF V7.75 PERP) Common Stock 8$222New
MORGAN STANLEY (MS 6.625 PERP Q) Common Stock 8$207New
CITIZENS FINANCIAL GROUP (CFG V6.5 PERP I) Common Stock 8$202New
SOUTHERN CO (SO 5.25 12/01/77) Common Stock 8$181New
REINSURANCE GRP OF AMER (RGA V7.125 10/15/52) Common Stock 7$180New
MORGAN STANLEY (MS 6.5 PERP P) Common Stock 7$178New
US BANCORP (USB F PERP B*) COM 9$176New
SPIRE INC (SR 5.9 PERP A) Common Stock 7$174New
DIGITAL REALTY TRUST INC (DLR 5.85 PERP K) PUBLIC 7$165New
PUBLIC STORAGE (PSA 5.05 PERP G) PREFERRED STOCK 7$154New
FIRST HORIZON CORP (FHN 4.7 PERP F) Common Stock 8$148New
WEBSTER FINANCIAL CORP (WBS 5.25 PERP F) Common Stock 7$141New

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q2 2025 → Q3 2025
CGUS Cap Group Core Equity Reduce -98.7% 0.01% −0.53
VEA Vanguard Ftse Developed ETF Reduce -33.3% 0.79% −0.41
SBAC SBA Communications Corp. Reduce -98.6% 0.00% −0.27
ODFL Old Dominion Freight Line Reduce -98.2% 0.00% −0.27
SNEX Stonex Group Inc. Sold out 0.00% −0.25
CGXU Cap Group Intl Focus Reduce -99.5% 0.00% −0.25
WCMI FT WCM International ETF Sold out 0.00% −0.23
FTCS First Trust Capital Strength Reduce -41.0% 0.29% −0.22
UNP Union Pacific Corp. Reduce -37.3% 0.33% −0.22
CGDV Cap Group Dividend Value Reduce -89.9% 0.02% −0.20
CCOI Cogent Communications Holdin Reduce -99.5% 0.00% −0.20
CHTR Charter Communications Inc. Class A Reduce -99.5% 0.00% −0.20
CGGR Cap Group Growth Equity Reduce -95.9% 0.01% −0.18
CGGO Cap Group Global Growth Reduce -98.9% 0.00% −0.18
PG The Procter & Gamble Co. Reduce -15.9% 0.55% −0.17
CVX Chevron Corp. Reduce -38.6% 0.28% −0.17
DUK Duke Energy Corp. Reduce -49.9% 0.16% −0.16
RDVY First Trust Rising Dividend Reduce -41.8% 0.21% −0.15
HCA HCA Healthcare Inc. Reduce -95.4% 0.01% −0.14
FNX First Trust Mid Cap Core Alp Reduce -90.7% 0.01% −0.13
CB Chubb Ltd. Reduce -21.0% 0.35% −0.13
DBA Invesco DB Agriculture Fund Reduce -99.2% 0.00% −0.13
CRM Salesforce Inc. Reduce -41.6% 0.12% −0.13
BRK.B Berkshire Hathaway Inc. Class B Reduce -29.1% 0.28% −0.13
PANW Palo Alto Networks Inc. Reduce -65.9% 0.06% −0.12
WDAY Workday Inc. Class A Reduce -45.4% 0.13% −0.12
ORLY O'reilly Automotive Inc. Reduce -81.0% 0.03% −0.12
SDVY First Trust Smid Cap Rising Reduce -70.9% 0.05% −0.12
NHI Natl Health Investors Inc. Sold out 0.00% −0.12
IT Gartner Inc. Sold out 0.00% −0.11
WYNN WYNN Resorts Ltd. Reduce -98.6% 0.00% −0.11
DELL Dell Technologies -C Reduce -94.0% 0.01% −0.11
OMC Omnicom Group Reduce -84.5% 0.02% −0.11
FYBR Frontier Communications Pare Sold out 0.00% −0.11
LLY Eli Lilly & Co. Reduce -18.2% 0.33% −0.11
MRK Merck & Co. Inc. Reduce -29.4% 0.24% −0.10
VZ Verizon Communications Inc. Reduce -34.0% 0.16% −0.09
GOOG Alphabet Inc. Class C Reduce -38.1% 0.37% −0.09
EMR Emerson Electric Co. Reduce -55.9% 0.06% −0.08
ORI Old Republic Intl Corp. Reduce -99.7% 0.00% −0.08
IEMG iShares Core MSCI Emerging Reduce -44.4% 0.11% −0.08
V Visa Inc. Class A Reduce -0.3% 0.74% −0.08
RSP Invesco S&P 500 Equal Weight Reduce -30.8% 0.16% −0.08
NVS Novartis AG-Sponsored ADR Reduce -65.2% 0.04% −0.08
SGOV iShares 0-3 Month Treasury B Reduce -13.3% 0.34% −0.08
LYB Lyondellbasell Indu Class A Reduce -82.1% 0.01% −0.08
GIS General Mills Inc. Reduce -80.4% 0.02% −0.07
ACN Accenture PLC Class A Reduce -15.1% 0.14% −0.07
PNFP Pinnacle Financial Partners Reduce -96.9% 0.00% −0.07
FPE FT-Preferred Secur & Inc. ETF Reduce -44.2% 0.08% −0.07

Portfolio Buys Q2 2025 → Q3 2025
SPY SS SPDR S&P 500 ETF Trust-US Add +57.3% 2.53% +0.95
AAPL Apple Inc. Add +6.2% 2.81% +0.55
VTI VG Morningstar TS MKT ETF-US Add +344.8% 0.64% +0.49
VOO Vanguard S&P 500 ETF Add +63.4% 1.24% +0.49
GOOGL Alphabet Inc. Class A Add +34.5% 1.07% +0.46
QQQ Invesco QQQ Trust Series 1 Add +100.5% 0.83% +0.43
WMB Williams Cos Inc. Add +641.5% 0.50% +0.43
CCI Crown Castle Inc. Add +883.0% 0.37% +0.33
NVDA Nvidia Corp. Add +9.7% 1.53% +0.28
VEU Vanguard Ftse All-World Ex-U Add +1145.8% 0.28% +0.25
MP MP Materials Corp. New 0.24% +0.24
IAU iShares Gold Trust Add +616.6% 0.25% +0.22
BIL SS SPDR BB 1-3M T-Bill ETF Add +617.5% 0.22% +0.19
FITB Fifth Third Bancorp Add +163750.0% 0.18% +0.18
AGG iShares Core U.S. Aggregate Add +90.0% 0.35% +0.16
PIZ Invesco Dorsey Wright Develo Add +17468.9% 0.16% +0.16
SPTS SS SPDR P St Term TSY ETF Add +925.5% 0.17% +0.15
VXUS Vanguard Total Intl Stock Add +611.3% 0.17% +0.15
DY Dycom Industries Inc. Add +519.6% 0.17% +0.14
FBTC Fidelity Wise Origin Bitcoin Add +8407.0% 0.12% +0.12
WULF Terawulf Inc. Add +6.0% 0.19% +0.11
INTU Intuit Inc. Add +1529.4% 0.12% +0.11
IWM iShares Russell 2000 ETF Add +49.1% 0.29% +0.11
SPYM Ste STR SPDR PT S&P 500 ETF Add +4.3% 1.83% +0.10
WAB Wabtec Corp. New 0.10% +0.10
HEQT Simplify Hedged Equity ETF New 0.10% +0.10
GNTX Gentex Corp. Add +997.3% 0.09% +0.08
FLOT iShares Floating Rate Bond E Add +299.8% 0.11% +0.08
USFR Wisdomtree Floating Rate Tre Add +368.5% 0.10% +0.08
GENI Genius Sports Ltd. Add +1261.7% 0.08% +0.08
FTGC First Trust Global Tactical Add +596.6% 0.09% +0.08
GS Goldman Sachs Group Inc. Add +222.2% 0.10% +0.07
BE Bloom Energy Corp. Class A Add +43.9% 0.09% +0.07
AMZN Amazon.com Inc. Add +11.7% 1.32% +0.07
NEE Nextera Energy Inc. Add +7.7% 0.68% +0.06
VRNS Varonis Systems Inc. Add +701.5% 0.07% +0.06
SPDW Ste STR SPDR PT DW Eu ETF Add +11.1% 0.62% +0.06
MU Micron Technology Inc. Add +0.2% 0.27% +0.06
AIQ Global X Art Intel & Tech Add +89.1% 0.11% +0.06
FV First Trust DW Focus 5 Fund Add +273.3% 0.08% +0.06
SPYG SS SPDR P S&P 500 Growth ETF Add +29.8% 0.21% +0.05
VNQ Vanguard Real Estate ETF Add +152.8% 0.09% +0.05
PLTR Palantir Technologies Inc. Class A Add +127.1% 0.08% +0.05
ARKK ARK Innovation ETF Add +255.4% 0.07% +0.05
SRE Sempra Add +11.3% 0.25% +0.05
SPIB SS SPDR P Int C Corp. ETF Add +17.8% 0.46% +0.05
TJX TJX Companies Inc. Add +20.7% 0.19% +0.05
BOTZ Global X Robotics & Artifici Add +572.6% 0.05% +0.05
QGRW Wisdomtree US Quality Growth Add +10.1% 0.39% +0.05
BA The Boeing Co. Add +46.7% 0.14% +0.04

Options Activity Q2 2025 → Q3 2025
MRNA Moderna Inc. put New 15 $23K
NVO Novo-Nordisk A/S-Spons ADR put New 13 $19K
STZ Constellation Brands Inc. Class A put New 5 $17K
BHVN Biohaven Ltd. put New 7 $13K
KVUE Kenvue Inc. put New 20 $10K
SCHW Schwab (charles) Corp. call New 6 $9K
BA The Boeing Co. call New 6 $8K
NWL Newell Brands Inc. put New 70 $8K
SMCI Super Micro Computer Inc. put New 17 $7K
TTD Trade Desk Inc./the Class A put New 9 $7K
SYM Symbotic Inc. put New 13 $6K
KMX Carmax Inc. put New 9 $6K
GLOB Globant SA put New 5 $5K
TGT Target Corp. put New 9 $5K
FISV Fiserv Inc. put New 4 $5K
MNDY Monday.com Ltd. put New 3 $5K
HSBC HSBC Holdings PLC-Spons ADR call New 9 $5K
SMTC Semtech Corp. put New 11 $5K
UNH Unitedhealth Group Inc. put New 4 $4K
INTC Intel Corp. put New 25 $4K
DXC DXC Technology Co. put New 7 $3K
BA The Boeing Co. put New 3 $3K
BHF Brighthouse Financial Inc. put New 10 $3K
TXN Texas Instruments Inc. put New 4 $3K
ENPH Enphase Energy Inc. put New 10 $3K
UPS United Parcel Service Class B put New 2 $3K
PAYC Paycom Software Inc. put New 2 $3K
BABA Alibaba Group Holding-SP ADR call New 1 $3K
WHR Whirlpool Corp. put New 5 $3K
RNG Ringcentral Inc. Class A put New 7 $3K
AMD Advanced Micro Devices put New 12 $2K
XEL Xcel Energy Inc. call New 5 $2K
MRVL Marvell Technology Inc. put New 8 $2K
DOCU Docusign Inc. put New 6 $2K
MRK Merck & Co. Inc. put New 8 $2K
PG The Procter & Gamble Co. put New 4 $2K
CRS Carpenter Technology call New 2 $2K
NICE Nice Ltd. - Spon ADR put New 3 $2K
ZTS Zoetis Inc. put New 3 $2K
SMTC Semtech Corp. call New 4 $2K
STT State Street Corp. put New 5 $2K
CCJ Cameco Corp. put New 4 $2K
AVGO Broadcom Inc. call New 2 $2K
NVAX Novavax Inc. put New 7 $2K
ADBE Adobe Inc. put New 1 $2K
FCX Freeport-McMoran Inc. put New 7 $2K
SYF Synchrony Financial call New 4 $1K
AMAT Applied Materials Inc. put New 5 $1K
WMT Walmart Inc. call New 2 $1K
PAYX Paychex Inc. put New 2 $1K

Showing the first 50 of 99.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock Reduce -6.0% 14,948 $302K
JPMORGAN CHASE & CO (JPM 5.75 PERP DD) PREFERRED STOCK Add +20.3% 12,069 $300K
OFFICE PPTY INCOME TRST (OPI 6.375 06/23/50 0000) Pref Add +8.0% 70,029 $298K
BANK OF AMERICA CORP (BAC 6.45 12/15/66 K*) Common Stock Add +1.1% 9,486 $243K
BRC GROUP HOLDINGS INC (RILY 6.5 09/30/26) Preferred Add +21.5% 9,593 $194K
DIME COMMERCIAL INC (DCOM 5.5 PERP) PREFERRED STOCK Add +0.5% 8,652 $166K
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock Add +8.2% 6,637 $139K
BANK OF AMERICA CORP (BAC 6 PERP GG) PFD Add +0.6% 4,655 $118K
BRIGHTHOUSE FINANCIAL IN (BHF 6.6 PERP A) BHFAP Reduce -13.7% 6,151 $102K
WELLS FARGO & COMPANY (WFC 4.7 PERP AA) Common Stock Add +0.8% 5,001 $98K
PRUDENTIAL FINANCIAL INC (PRU 5.625 08/15/58) PFD Add +35.3% 3,859 $96K
BANK OF AMERICA CORP (BAC 5.375 PERP KK) PFD Add +0.8% 3,703 $85K
BRIGHTHOUSE FINANCIAL IN (BHF 6.75 PERP B) Common Stock Reduce -20.3% 3,372 $56K
EQUITABLE HOLDINGS INC (EQH 5.25 PERP A) Common Stock Add +0.5% 2,073 $45K
METLIFE INC (MET 5.625 PERP E) Common Stock Add +101.8% 1,606 $40K
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% Add +130.9% 1,247 $32K
WELLS FARGO & COMPANY (WFC 5.625 PERP Y) PREFERRED STOCK Add +46.4% 1,263 $31K
GENERAL AMERICAN INVEST (GAM 5.95 PERP B) Pfd Stk Add +0.5% 1,218 $31K
BRIGHTHOUSE FINANCIAL IN (BHF 4.625 PERP D) PREFERREDSTK Add +2.2% 2,129 $26K
EPR PROPERTIES (EPR 5.75 PERP G) PREFERREDSTK Add +1.6% 1,072 $23K
COMPASS DIVERSIF HOLDING (CODI 7.875 PERP C) PREFERREDSTK Reduce -19.4% 1,250 $23K
BRUNSWICK CORP (BC 6.5 10/15/48) PFD Add +0.8% 845 $21K
SACHEM CAPITAL CORP (SACH 7.125 06/30/27) PREFERREDSTK Add +125.0% 900 $21K
AT&T INC (T 4.75 PERP C) PFD New 1,047 $21K
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Add +36.4% 300 $20K
KKR REAL ESTATE FIN (KREF 6.5 PERP A) PREFERREDSTK Add +0.5% 1,035 $20K
FIRST HORIZON CORP (FHN 6.5 PERP E) PFD New 800 $20K
ADAMAS TRUST INC (ADAM 9.875 10/01/30) PFD New 700 $18K
PRIORITY INCOME (PRIORT 6.125 06/30/28 I) PREFERRED STK Sold out 700 $17Kbefore exit
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG Add +45.5% 240 $14K
KKR & CO INC (KKR 6.875 06/01/65 T) Pref Add +1.6% 508 $13K
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +5.4% 314 $12K
UMH PROPERTIES INC (UMH 6.375 PERP D) PREFERREDSTK New 430 $10K
TENN VALLEY AUTHORITY (TVA V2.134 06/01/28 D) Corporate Bond Sold out 350 $8Kbefore exit
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF New 75 $7K
FOSSIL GROUP INC (FOSL 7 11/30/26) PREFERRED STK Reduce -76.9% 300 $6K
ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) Common Stock Add +4.6% 91 $2K
MORGAN STANLEY (MS 4.875 PERP L) PFD New 49 $1K
BANK OF AMERICA CORP (BAC 4.375 PERP NN) PFD New 54 $1K
BERKLEY (WR) CORPORATION (WRB 5.1 12/30/59) Common Stock New 44 $941
WELLS FARGO & COMPANY (WFC 4.375 PERP CC) Common Stock New 51 $927
US BANCORP (USB 3.75 PERP L) Common Stock New 57 $909
BANK OF AMERICA CORP (BAC 4.125 PERP PP) Common Stock New 51 $896
CMS ENERGY CORP (CMS 5.875 03/01/79) Common Stock New 37 $893
JPMORGAN CHASE & CO (JPM 4.75 PERP GG) Common Stock New 42 $881
BANK OF AMERICA CORP (BAC 5 PERP LL) PFD New 41 $874
FIFTH THIRD BANCORP (FITB V7.67122 PERP I) PFD New 34 $863
PUBLIC STORAGE (PSA 4.625 PERP L) COM New 41 $804
BANK OF NY MELLON CORP (BNY V6.15 PERP K) Common Stock New 31 $798
US BANCORP (USB 4.5 PERP O) Common Stock New 39 $769

Showing the first 50 of 109.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2,401$1.5BAAPL, SPY, SPYM, VOO, NVDA
Q1 2026 2,542$1.3BAAPL, SPY, SPYM, VOO, MSFT
Q4 2025 2,484$1.3BAAPL, SPY, MSFT, SPYM, VOO
Q3 2025 2,479$1.3BAAPL, SPY, MSFT, SPYM, NVDA
Q2 2025 2,326$1.2BMSFT, AAPL, SPYM, SPY, AVGO
Q1 2025 2,108$1.2BBRK.A, RY, MSFT, AAPL, SPY
Q4 2024 1,246$1.1MRY, AAPL, MSFT, SPY, AVGO
Q3 2024 2,104$1.2BRY, AAPL, MSFT, BRK.A, SPY
Q2 2024 2,068$1.1BAAPL, RY, MSFT, BRK.A, SPY
Q1 2024 2,158$1.1BRY, MSFT, AAPL, BRK.A, SPY