Legend Financial Advisors, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Legend Financial Advisors, Inc. reported 37 stock positions worth $136.1 million. Its top holding was iShares Gold Trust (IAU) at 10.4% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 9.0%) and iShares Semiconductor ETF (SOXX, 7.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 232, added to 14 and reduced 15. The biggest buy was a new position in Invesco S&P International DE (IDMO) and the biggest sale Vngrd Mrngstr MD-Cap ETF-Usd (VO, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001781948
- Portfolio Value
- $136.1M (Q1 2025)
- SEC Filing
- 0001781948-25-000003 ↗ filed May 14, 2025
Holdings Value
Holdings 37 stocks · $136.1M
| IAU iShares Gold Trust | 10.35% | 239,050 | $14.1M | Reduce -11.3% |
| QQQ Invesco QQQ Trust Series 1 | 8.97% | 26,033 | $12.2M | Add +0.3% |
| SOXX iShares Semiconductor ETF | 7.62% | 55,146 | $10.4M | Add +10.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.69% | 385,869 | $9.1M | Reduce -5.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 6.25% | 32,894 | $8.5M | Reduce -36.2% |
| LCR Leuthold Core ETF | 6.07% | 240,984 | $8.3M | Reduce -0.0% |
| COPX Global X Copper Miners ETF | 6.02% | 209,603 | $8.2M | Reduce -2.9% |
| VIOV Vanguard S&P Small-Cap 600 V | 5.99% | 97,213 | $8.2M | Add +6.0% |
| IAK iShares U.S. Insurance ETF | 5.23% | 51,624 | $7.1M | Reduce -3.2% |
| XME SS SPDR S&P Metals Mining | 5.16% | 125,445 | $7.0M | Add +0.8% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 5.13% | 197,912 | $7.0M | Reduce -5.7% |
| RSPD Invesco S&P 500 Equal Weight | 4.69% | 128,043 | $6.4M | Reduce -6.4% |
| ARB Altshares Merger Arbitrage | 3.55% | 171,240 | $4.8M | Add +6.6% |
| IDMO Invesco S&P International DE | 3.42% | 105,543 | $4.7M | New |
| SPSM SS SPDR P S&P 600 Small Cap | 1.57% | 52,353 | $2.1M | Reduce -38.5% |
| AAPL Apple Inc. | 1.30% | 7,974 | $1.8M | Reduce -0.1% |
| XLE SS Energy Select Sector | 1.29% | 18,755 | $1.8M | New |
| FISV Fiserv Inc. | 1.17% | 7,208 | $1.6M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.15% | 2,945 | $1.6M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 1.12% | 7,996 | $1.5M | Reduce -0.4% |
| B Barrick Gold Corp. | 0.64% | 45,145 | $878K | Add +0.0% |
| CRBG Corebridge Financial Inc. | 0.60% | 25,918 | $818K | Add +0.6% |
| MOD Modine Manufacturing Co. | 0.56% | 9,984 | $766K | Add +0.6% |
| TBBK The Bancorp Inc. | 0.54% | 13,859 | $732K | Add +0.5% |
| CPA Copa Holdings SA Class A | 0.52% | 7,722 | $714K | Add +0.4% |
| INTC Intel Corp. | 0.52% | 31,242 | $710K | Reduce -1.7% |
| EG Everest Group Ltd. | 0.50% | 1,869 | $679K | Add +0.5% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.50% | 18,829 | $679K | Add +0.8% |
| EVR Evercore Inc. Class A | 0.47% | 3,182 | $636K | New |
| SCHG Schwab US Large-Cap Growth | 0.46% | 25,250 | $632K | Reduce -20.3% |
| FSLR First Solar Inc. | 0.44% | 4,726 | $598K | Add +1.4% |
| V Visa Inc. Class A | 0.43% | 1,658 | $581K | No change |
| ALV Autoliv Inc. | 0.41% | 6,386 | $565K | Add +0.7% |
| LLY Eli Lilly & Co. | 0.18% | 300 | $248K | No change |
| NEE Nextera Energy Inc. | 0.16% | 3,149 | $223K | Reduce -8.7% |
| JPM JPMorgan Chase & Co. | 0.16% | 863 | $212K | No change |
| DCI Donaldson Co. Inc. | 0.15% | 3,092 | $207K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -36.2% | 6.25% | −3.36 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -38.5% | 1.57% | −1.13 |
| RSPD Invesco S&P 500 Equal Weight | Reduce -6.4% | 4.69% | −0.46 |
| SCHG Schwab US Large-Cap Growth | Reduce -20.3% | 0.46% | −0.16 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -5.5% | 6.69% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 1.12% | −0.13 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.12 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.11 |
| AAPL Apple Inc. | Reduce -0.1% | 1.30% | −0.11 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.10 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.10 |
| STBA S & T Bancorp Inc. | Sold out | 0.00% | −0.09 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.08 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.07 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.07 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.06 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.05 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −0.05 |
| COP Conocophillips | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.04 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.04 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.04 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.03 |
| FINX Global X Fintech ETF | Sold out | 0.00% | −0.03 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.03 |
| MET Metlife Inc. | Sold out | 0.00% | −0.03 |
| IHI iShares U.S. Medical Devices | Sold out | 0.00% | −0.03 |
| PSX Phillips 66 | Sold out | 0.00% | −0.03 |
| T AT&T Inc. | Sold out | 0.00% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.03 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.03 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.02 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.02 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.02 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.02 |
| RSPS Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.02 |
| QSR Restaurant Brands Intern | Sold out | 0.00% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.02 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.02 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.02 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.02 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.02 |
| RTX RTX Corp. | Sold out | 0.00% | −0.02 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −0.02 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −0.02 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.02 |
| OMF Onemain Holdings Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| IDMO Invesco S&P International DE | New | 3.42% | +3.42 |
| XLE SS Energy Select Sector | New | 1.29% | +1.29 |
| EVR Evercore Inc. Class A | New | 0.47% | +0.47 |
| ARB Altshares Merger Arbitrage | Add +6.6% | 3.55% | +0.43 |
| XME SS SPDR S&P Metals Mining | Add +0.8% | 5.16% | +0.18 |
| B Barrick Gold Corp. | Add +0.0% | 0.64% | +0.15 |
| CRBG Corebridge Financial Inc. | Add +0.6% | 0.60% | +0.06 |
| CPA Copa Holdings SA Class A | Add +0.4% | 0.52% | +0.05 |
| TBBK The Bancorp Inc. | Add +0.5% | 0.54% | +0.03 |
| EG Everest Group Ltd. | Add +0.5% | 0.50% | +0.02 |
| SOXX iShares Semiconductor ETF | Add +10.3% | 7.62% | +0.02 |
| NMIH Nmi Holdings Inc. | Add +0.8% | 0.50% | +0.01 |
| ALV Autoliv Inc. | Add +0.7% | 0.41% | −0.00 |
| VIOV Vanguard S&P Small-Cap 600 V | Add +6.0% | 5.99% | −0.05 |
| FSLR First Solar Inc. | Add +1.4% | 0.44% | −0.14 |
| MOD Modine Manufacturing Co. | Add +0.6% | 0.56% | −0.25 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.3% | 8.97% | −0.40 |
Notes & Other Activity Q4 2024 → Q1 2025
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | Sold out | 417 | $46before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 40 | $176.0M | SOXX, QQQ, IAU, VO, FNDX |
| Q1 2026 | 38 | $155.1M | IAU, QQQ, SOXX, FNDX, VIOV |
| Q4 2025 | 37 | $165.1M | IAU, QQQ, SOXX, COPX, FNDX |
| Q3 2025 | 39 | $163.1M | IAU, QQQ, SOXX, COPX, XME |
| Q2 2025 | 171 | $150.5M | QQQ, IAU, SOXX, FNDX, COPX |
| Q1 2025 | 37 | $136.1M | IAU, QQQ, SOXX, FNDX, VO |
| Q4 2024 | 266 | $141.7M | VO, IAU, QQQ, SOXX, FNDX |
| Q3 2024 | 157 | $144.9M | IAU, VO, QQQ, SOXX, COPX |
| Q2 2024 | 291 | $140.9M | QQQ, SOXX, VO, IAU, FNDX |
| Q1 2024 | 185 | $138.0M | VO, SOXX, IAU, QQQ, COPX |