Legend Financial Advisors, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Legend Financial Advisors, Inc. reported 39 stock positions worth $163.1 million. Its top holding was iShares Gold Trust (IAU) at 9.7% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 9.1%) and iShares Semiconductor ETF (SOXX, 8.6%). Compared with Q2 2025, it opened 1 new position, sold out of 133, added to 22 and reduced 11. The biggest buy was Barrick Mining (B, shares +1%) and the biggest sale Fiserv (FISV, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001781948
- Portfolio Value
- $163.1M (Q3 2025)
- SEC Filing
- 0001781948-25-000006 ↗ filed Nov 4, 2025
Holdings Value
Holdings 39 stocks · $163.1M
| IAU iShares Gold Trust | 9.73% | 218,042 | $15.9M | Reduce -0.5% |
| QQQ Invesco QQQ Trust Series 1 | 9.07% | 24,635 | $14.8M | Reduce -3.3% |
| SOXX iShares Semiconductor ETF | 8.65% | 52,017 | $14.1M | Reduce -7.2% |
| COPX Global X Copper Miners ETF | 7.27% | 198,215 | $11.9M | Reduce -4.2% |
| XME SS SPDR S&P Metals Mining | 6.17% | 107,994 | $10.1M | Reduce -12.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.17% | 382,370 | $10.1M | Reduce -0.0% |
| LCR Leuthold Core ETF filed as MANAGED PORTFOLIO SERIES | 5.94% | 255,160 | $9.7M | Add +1.2% |
| VIOV Vanguard S&P Small-Cap 600 V | 5.64% | 96,616 | $9.2M | Add +0.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 5.29% | 29,390 | $8.6M | Add +0.4% |
| RSPD Invesco S&P 500 Equal Weight | 4.52% | 127,775 | $7.4M | Reduce -0.6% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 4.40% | 202,527 | $7.2M | Add +3.0% |
| IAK iShares U.S. Insurance ETF | 4.28% | 52,036 | $7.0M | Add +2.3% |
| IDMO Invesco S&P International DE | 3.92% | 118,394 | $6.4M | Add +0.8% |
| ARB Altshares Merger Arbitrage | 3.11% | 174,987 | $5.1M | Add +0.3% |
| AAPL Apple Inc. | 1.74% | 11,176 | $2.8M | Reduce -0.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.29% | 45,359 | $2.1M | Add +2.1% |
| XLE SS Energy Select Sector | 1.14% | 20,791 | $1.9M | Add +6.9% |
| AMZN Amazon.com Inc. | 1.12% | 8,312 | $1.8M | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 3,157 | $1.6M | Add +7.2% |
| B Barrick Mining Corp. | 0.91% | 45,139 | $1.5M | Add +0.9% |
| MOD Modine Manufacturing Co. | 0.84% | 9,680 | $1.4M | Add +0.4% |
| PAAS Pan American Silver Corp. | 0.75% | 31,720 | $1.2M | Add +2.0% |
| EVR Evercore Inc. Class A | 0.67% | 3,246 | $1.1M | Add +1.3% |
| FSLR First Solar Inc. | 0.67% | 4,945 | $1.1M | Add +4.0% |
| TBBK The Bancorp Inc. | 0.63% | 13,687 | $1.0M | Reduce -1.0% |
| INTC Intel Corp. | 0.61% | 29,432 | $987K | Reduce -4.0% |
| CPA Copa Holdings SA Class A | 0.58% | 7,920 | $941K | Add +2.3% |
| FISV Fiserv Inc. | 0.54% | 6,844 | $882K | Reduce -5.0% |
| CRBG Corebridge Financial Inc. | 0.50% | 25,556 | $819K | Add +2.6% |
| ALV Autoliv Inc. | 0.49% | 6,504 | $803K | Add +2.0% |
| SCHG Schwab US Large-Cap Growth | 0.48% | 24,564 | $784K | No change |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.44% | 18,700 | $717K | Add +3.9% |
| EG Everest Group Ltd. | 0.41% | 1,910 | $669K | Add +0.8% |
| NOMD Nomad Foods Ltd. | 0.34% | 41,689 | $548K | Add +3.4% |
| JPM JPMorgan Chase & Co. | 0.17% | 863 | $272K | No change |
| TYL Tyler Technologies Inc. | 0.16% | 500 | $262K | New |
| NEE Nextera Energy Inc. | 0.15% | 3,149 | $238K | No change |
| LLY Eli Lilly & Co. | 0.14% | 300 | $229K | No change |
| WDAY Workday Inc. Class A | 0.13% | 859 | $207K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| FISV Fiserv Inc. | Reduce -5.0% | 0.54% | −0.28 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.3% | 9.07% | −0.27 |
| SOXX iShares Semiconductor ETF | Reduce -7.2% | 8.65% | −0.24 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.11 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.10 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.09 |
| STBA S & T Bancorp Inc. | Sold out | 0.00% | −0.08 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -0.0% | 6.17% | −0.07 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.07 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.06 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.06 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.05 |
| APAM Artisan Partners Asset Ma -A | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.05 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Sold out | 0.00% | −0.04 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.04 |
| OMF Onemain Holdings Inc. | Sold out | 0.00% | −0.04 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.04 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.04 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.04 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.03 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.03 |
| T AT&T Inc. | Sold out | 0.00% | −0.03 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.03 |
| IIPR Innovative Industrial Proper | Sold out | 0.00% | −0.03 |
| PSX Phillips 66 | Sold out | 0.00% | −0.03 |
| MET Metlife 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 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.02 |
| RSPD Invesco S&P 500 Equal Weight | Reduce -0.6% | 4.52% | −0.02 |
| IHI iShares U.S. Medical Devices | Sold out | 0.00% | −0.02 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.02 |
| FINX Global X Fintech ETF | Sold out | 0.00% | −0.02 |
| QSR Restaurant Brands Intern | Sold out | 0.00% | −0.02 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.02 |
| RSPS Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.02 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.02 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.02 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −0.02 |
| MLPA Global X MLP ETF | Sold out | 0.00% | −0.02 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.02 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.02 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.02 |
| FLNG Flex LNG Ltd. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| B Barrick Mining Corp. | Add +0.9% | 0.91% | +0.29 |
| MOD Modine Manufacturing Co. | Add +0.4% | 0.84% | +0.21 |
| PAAS Pan American Silver Corp. | Add +2.0% | 0.75% | +0.17 |
| VIOV Vanguard S&P Small-Cap 600 V | Add +0.3% | 5.64% | +0.16 |
| TYL Tyler Technologies Inc. | New | 0.16% | +0.16 |
| FSLR First Solar Inc. | Add +4.0% | 0.67% | +0.15 |
| EVR Evercore Inc. Class A | Add +1.3% | 0.67% | +0.10 |
| XLE SS Energy Select Sector | Add +6.9% | 1.14% | +0.04 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +2.1% | 1.29% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.2% | 0.97% | +0.02 |
| ALV Autoliv Inc. | Add +2.0% | 0.49% | +0.02 |
| CPA Copa Holdings SA Class A | Add +2.3% | 0.58% | +0.01 |
| EG Everest Group Ltd. | Add +0.8% | 0.41% | −0.02 |
| DJP Ipath Bloomberg Commodity Inc. | Add +3.0% | 4.40% | −0.04 |
| NMIH Nmi Holdings Inc. | Add +3.9% | 0.44% | −0.07 |
| AMZN Amazon.com Inc. | Add +2.1% | 1.12% | −0.07 |
| IDMO Invesco S&P International DE | Add +0.8% | 3.92% | −0.08 |
| CRBG Corebridge Financial Inc. | Add +2.6% | 0.50% | −0.09 |
| LCR Leuthold Core ETF | Add +1.2% | 5.94% | −0.12 |
| NOMD Nomad Foods Ltd. | Add +3.4% | 0.34% | −0.12 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.4% | 5.29% | −0.15 |
| ARB Altshares Merger Arbitrage | Add +0.3% | 3.11% | −0.19 |
| IAK iShares U.S. Insurance ETF | Add +2.3% | 4.28% | −0.27 |
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 |