Legend Financial Advisors, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Legend Financial Advisors, Inc. reported 37 stock positions worth $165.1 million. Its top holding was iShares Gold Trust (IAU) at 9.6% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 9.2%) and iShares Semiconductor ETF (SOXX, 8.9%). Compared with Q3 2025, it opened 2 new positions, sold out of 4, added to 12 and reduced 20. The biggest buy was a new position in Visa Class A (V) and the biggest sale an exit from Everest (EG).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001781948
- Portfolio Value
- $165.1M (Q4 2025)
- SEC Filing
- 0001781948-26-000001 ↗ filed Jan 23, 2026
Holdings Value
Holdings 37 stocks · $165.1M
| IAU iShares Gold Trust | 9.56% | 194,556 | $15.8M | Reduce -10.8% |
| QQQ Invesco QQQ Trust Series 1 | 9.20% | 24,738 | $15.2M | Add +0.4% |
| SOXX iShares Semiconductor ETF | 8.85% | 48,559 | $14.6M | Reduce -6.7% |
| COPX Global X Copper Miners ETF | 7.11% | 163,624 | $11.7M | Reduce -17.4% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.30% | 382,396 | $10.4M | Add +0.0% |
| XME SS SPDR S&P Metals Mining | 5.79% | 92,318 | $9.6M | Reduce -14.5% |
| VIOV Vanguard S&P Small-Cap 600 V | 5.79% | 97,791 | $9.6M | Add +1.2% |
| LCR Leuthold Core ETF filed as MANAGED PORTFOLIO SERIES | 5.72% | 248,002 | $9.4M | Reduce -2.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 5.19% | 29,534 | $8.6M | Add +0.5% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 4.68% | 205,704 | $7.7M | Add +1.6% |
| IAK iShares U.S. Insurance ETF | 4.50% | 54,560 | $7.4M | Add +4.8% |
| RSPD Invesco S&P 500 Equal Weight | 4.49% | 130,086 | $7.4M | Add +1.8% |
| IDMO Invesco S&P International DE | 4.00% | 118,914 | $6.6M | Add +0.4% |
| ARB Altshares Merger Arbitrage | 3.16% | 179,800 | $5.2M | Add +2.8% |
| AAPL Apple Inc. | 1.81% | 10,972 | $3.0M | Reduce -1.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.51% | 53,300 | $2.5M | Add +17.5% |
| XLE SS Energy Select Sector | 1.19% | 43,974 | $2.0M | Add +5.8% |
| AMZN Amazon.com Inc. | 1.15% | 8,197 | $1.9M | Reduce -1.4% |
| B Barrick Mining Corp. | 0.98% | 36,995 | $1.6M | Reduce -18.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.95% | 3,118 | $1.6M | Reduce -1.2% |
| PAAS Pan American Silver Corp. | 0.90% | 28,623 | $1.5M | Reduce -9.8% |
| MOD Modine Manufacturing Co. | 0.78% | 9,602 | $1.3M | Reduce -0.8% |
| FSLR First Solar Inc. | 0.76% | 4,818 | $1.3M | Reduce -2.6% |
| EVR Evercore Inc. Class A | 0.66% | 3,217 | $1.1M | Reduce -0.9% |
| INTC Intel Corp. | 0.63% | 28,317 | $1.0M | Reduce -3.8% |
| CPA Copa Holdings SA Class A | 0.59% | 8,050 | $971K | Add +1.6% |
| TBBK The Bancorp Inc. | 0.55% | 13,382 | $904K | Reduce -2.2% |
| ALV Autoliv Inc. | 0.46% | 6,461 | $767K | Reduce -0.7% |
| CRBG Corebridge Financial Inc. | 0.46% | 25,404 | $766K | Reduce -0.6% |
| SCHG Schwab US Large-Cap Growth | 0.46% | 23,397 | $763K | Reduce -4.8% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.46% | 18,665 | $761K | Reduce -0.2% |
| V Visa Inc. Class A | 0.39% | 1,859 | $652K | New |
| FISV Fiserv Inc. | 0.28% | 6,844 | $460K | No change |
| LLY Eli Lilly & Co. | 0.18% | 275 | $296K | Reduce -8.3% |
| JPM JPMorgan Chase & Co. | 0.17% | 863 | $278K | No change |
| DCI Donaldson Co. Inc. | 0.17% | 3,092 | $274K | New |
| NEE Nextera Energy Inc. | 0.15% | 3,149 | $253K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| EG Everest Group Ltd. | Sold out | 0.00% | −0.41 |
| XME SS SPDR S&P Metals Mining | Reduce -14.5% | 5.79% | −0.38 |
| NOMD Nomad Foods Ltd. | Sold out | 0.00% | −0.34 |
| LCR Leuthold Core ETF | Reduce -2.8% | 5.72% | −0.22 |
| IAU iShares Gold Trust | Reduce -10.8% | 9.56% | −0.16 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.16 |
| COPX Global X Copper Miners ETF | Reduce -17.4% | 7.11% | −0.16 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.13 |
| TBBK The Bancorp Inc. | Reduce -2.2% | 0.55% | −0.08 |
| MOD Modine Manufacturing Co. | Reduce -0.8% | 0.78% | −0.07 |
| CRBG Corebridge Financial Inc. | Reduce -0.6% | 0.46% | −0.04 |
| ALV Autoliv Inc. | Reduce -0.7% | 0.46% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 0.95% | −0.02 |
| SCHG Schwab US Large-Cap Growth | Reduce -4.8% | 0.46% | −0.02 |
| EVR Evercore Inc. Class A | Reduce -0.9% | 0.66% | −0.01 |
| NMIH Nmi Holdings Inc. | Reduce -0.2% | 0.46% | +0.02 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 1.15% | +0.03 |
| INTC Intel Corp. | Reduce -3.8% | 0.63% | +0.03 |
| LLY Eli Lilly & Co. | Reduce -8.3% | 0.18% | +0.04 |
| AAPL Apple Inc. | Reduce -1.8% | 1.81% | +0.06 |
| B Barrick Mining Corp. | Reduce -18.0% | 0.98% | +0.07 |
| FSLR First Solar Inc. | Reduce -2.6% | 0.76% | +0.09 |
| PAAS Pan American Silver Corp. | Reduce -9.8% | 0.90% | +0.14 |
| SOXX iShares Semiconductor ETF | Reduce -6.7% | 8.85% | +0.21 |
Portfolio Buys Q3 2025 → Q4 2025
| V Visa Inc. Class A | New | 0.39% | +0.39 |
| DJP Ipath Bloomberg Commodity Inc. | Add +1.6% | 4.68% | +0.28 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +17.5% | 1.51% | +0.22 |
| IAK iShares U.S. Insurance ETF | Add +4.8% | 4.50% | +0.22 |
| DCI Donaldson Co. Inc. | New | 0.17% | +0.17 |
| VIOV Vanguard S&P Small-Cap 600 V | Add +1.2% | 5.79% | +0.15 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.0% | 6.30% | +0.14 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.4% | 9.20% | +0.13 |
| IDMO Invesco S&P International DE | Add +0.4% | 4.00% | +0.08 |
| ARB Altshares Merger Arbitrage | Add +2.8% | 3.16% | +0.06 |
| XLE SS Energy Select Sector | Add +5.8% | 1.19% | +0.05 |
| CPA Copa Holdings SA Class A | Add +1.6% | 0.59% | +0.01 |
| RSPD Invesco S&P 500 Equal Weight | Add +1.8% | 4.49% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.5% | 5.19% | −0.10 |
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 |