LFA - Lugano Financial Advisors SA
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 3, 2024), LFA - Lugano Financial Advisors SA reported 160 stock positions worth $137.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 17.1% of the portfolio, followed by iShares ESG Aware 1-5 Year U (SUSB, 3.9%) and SPDR Gold Shares (GLD, 3.9%). Compared with Q4 2023, it opened 16 new positions, sold out of 26, added to 40 and reduced 32. The biggest buy was iShares Ibonds Dec 2029 Term (IBDU, shares +95%) and the biggest sale Vanguard Intermediate-Term B (BIV, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- LUGANO, V8
- CIK
- 0001737871
- Portfolio Value
- $137.4M (Q1 2024)
- SEC Filing
- 0001737871-24-000002 ↗ filed May 3, 2024
Holdings Value
Holdings 160 stocks · $137.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 17.09% | 44,890 | $23.5M | Add +2.5% |
| SUSB iShares ESG Aware 1-5 Year U | 3.94% | 220,922 | $5.4M | Reduce -3.1% |
| GLD SPDR Gold Shares | 3.88% | 25,917 | $5.3M | Add +5.5% |
| PDBC Invesco Optimum Yield Divers | 3.36% | 332,278 | $4.6M | Reduce -0.6% |
| CIBR First Trust Nasdaq Cybersecu | 3.20% | 77,953 | $4.4M | Reduce -0.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 3.02% | 80,413 | $4.1M | Add +0.1% |
| VWOB Vanguard Emerg MKTS Gov BND | 3.02% | 64,961 | $4.1M | Reduce -0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.01% | 53,564 | $4.1M | Reduce -0.8% |
| QLTA iShares Aaa - A Rated Corpor | 2.87% | 83,126 | $3.9M | Add +0.2% |
| BLV Vanguard Long-Term Bond ETF | 2.65% | 50,261 | $3.6M | Reduce -3.4% |
| VGIT Vanguard Intermediate-Term T | 2.56% | 60,046 | $3.5M | Add +2.5% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | 2.54% | 112,790 | $3.5M | Add +4.5% |
| SUSA iShares ESG Optimized MSCI U | 2.48% | 31,255 | $3.4M | No change |
| FEZ State Street SPDR Euro Stoxx | 2.35% | 61,377 | $3.2M | Reduce -0.6% |
| IBDU iShares Ibonds Dec 2029 Term | 2.24% | 134,544 | $3.1M | Add +95.3% |
| FTLS First Trust Long/Short Eqty | 2.23% | 49,622 | $3.1M | Add +4.3% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.16% | 117,827 | $3.0M | Add +2.2% |
| VWO Vanguard Ftse Emerging Marke | 1.97% | 64,850 | $2.7M | Reduce -0.4% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.86% | 102,431 | $2.6M | Add +68.9% |
| SHY iShares 1-3 Year Treasury Bo | 1.78% | 29,874 | $2.4M | Reduce -0.6% |
| NUMG Nuveen ESG Mid-Cap Grow ETF | 1.68% | 51,921 | $2.3M | No change |
| MSFT Microsoft Corp. | 1.67% | 5,457 | $2.3M | Reduce -1.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.59% | 4,930 | $2.2M | Add +91.4% |
| AMZN Amazon.com Inc. | 1.34% | 10,183 | $1.8M | Reduce -1.9% |
| EFA iShares MSCI Eafe ETF | 1.31% | 22,482 | $1.8M | Reduce -3.2% |
| IEI iShares 3-7 Year Treasury Bo | 1.25% | 14,861 | $1.7M | No change |
| EMB iShares JP Morgan Usd Emergi | 1.13% | 17,300 | $1.6M | Reduce -1.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.11% | 11,194 | $1.5M | Reduce -1.9% |
| IEF iShares 7-10 Year Treasury B | 0.93% | 13,529 | $1.3M | Reduce -6.4% |
| BIV Vanguard Intermediate-Term B | 0.82% | 14,901 | $1.1M | Reduce -73.0% |
| PSP Invesco Global Listed Privat | 0.79% | 16,485 | $1.1M | Reduce -11.7% |
| VCIT Vanguard Int-Term Corporate | 0.78% | 13,377 | $1.1M | Reduce -3.0% |
| CWB SS SPDR BB Conv Sec ETF | 0.74% | 13,981 | $1.0M | No change |
| EMNT PIMCO Enhcd St M-Active ESG | 0.71% | 9,900 | $976K | No change |
| ESGE iShares Inc. iShares ESG Awar | 0.67% | 28,392 | $915K | Reduce -5.7% |
| BNDX Vanguard Total Intl Bond ETF | 0.63% | 17,683 | $870K | Reduce -14.3% |
| EWL iShares MSCI Switzerland ETF | 0.59% | 17,044 | $811K | Add +17.8% |
| VGT Vanguard Info Tech ETF | 0.52% | 1,350 | $708K | New |
| VHT Vanguard Health Care ETF | 0.50% | 2,550 | $690K | New |
| AAPL Apple Inc. | 0.49% | 3,895 | $668K | Add +59.2% |
| VCLT Vanguard Long-Term Corp. Bond | 0.48% | 8,485 | $664K | Add +3.3% |
| RNRG Global X Renewable Ener Prod | 0.46% | 63,880 | $629K | No change |
| EWU iShares MSCI United Kingdom | 0.37% | 14,874 | $509K | Reduce -3.6% |
| PIO Invesco Global Water ETF | 0.36% | 11,497 | $496K | No change |
| CAT Caterpillar Inc. | 0.33% | 1,250 | $458K | Add +400.0% |
| EEM iShares MSCI Emerging Market | 0.33% | 11,073 | $455K | Add +2.3% |
| GOOG Alphabet Inc. Class C | 0.33% | 2,980 | $454K | No change |
| HEWJ Isha Curr Hedged MSCI Japan | 0.33% | 10,697 | $450K | Reduce -2.9% |
| XLI SS Industrial Select Sector | 0.32% | 3,500 | $441K | Reduce -3.6% |
| FPEI First Trust Institutional PR | 0.32% | 24,000 | $437K | No change |
| BND Vanguard Total Bond Market | 0.23% | 4,433 | $322K | No change |
| XLF SS Financial Select Sector | 0.22% | 7,300 | $307K | No change |
| XLP SS Consumer Staples Sel Sect | 0.22% | 4,000 | $305K | Add +490.8% |
| JPM JPMorgan Chase & Co. | 0.22% | 1,490 | $298K | No change |
| KKR KKR & Co. Inc. | 0.21% | 2,850 | $287K | Add +96.5% |
| BGRN iShares Usd Green Bond ETF | 0.20% | 5,959 | $279K | No change |
| BX Blackstone Inc. | 0.19% | 2,000 | $263K | No change |
| IVE iShares S&P 500 Value ETF | 0.19% | 1,400 | $262K | New |
| VRP Invesco Variable Rate Prefer | 0.17% | 10,077 | $240K | Reduce -13.3% |
| XLY SS Consumer Disc Select Sect | 0.17% | 1,300 | $239K | Add +1283.0% |
| GIS General Mills Inc. | 0.17% | 3,295 | $231K | Add +91.0% |
| ABT Abbott Laboratories | 0.16% | 1,928 | $219K | Add +26.2% |
| ABBV Abbvie Inc. | 0.16% | 1,200 | $219K | No change |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.15% | 3,547 | $204K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.15% | 800 | $200K | Add +100.0% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.14% | 500 | $199K | New |
| URTH iShares MSCI World ETF | 0.14% | 1,362 | $197K | Add +232.2% |
| URI United Rentals Inc. | 0.14% | 271 | $195K | No change |
| V Visa Inc. Class A | 0.14% | 691 | $193K | No change |
| VYM Vanguard High DVD Yield ETF | 0.14% | 1,555 | $188K | Add +16.9% |
| DE Deere & Co. | 0.13% | 434 | $178K | Add +486.5% |
| GBTC Grayscale Bitcoin Trust ETF | 0.13% | 2,750 | $174K | New |
| XLE SS Energy Select Sector | 0.13% | 1,830 | $173K | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.13% | 2,212 | $172K | No change |
| HON Honeywell International Inc. | 0.12% | 832 | $171K | No change |
| BWZ State Street SPDR Bloomberg | 0.12% | 6,455 | $170K | No change |
| XLK SS Technology Select Sector | 0.12% | 813 | $169K | No change |
| ZTS Zoetis Inc. | 0.12% | 1,000 | $169K | No change |
| YUM Yum! Brands Inc. | 0.12% | 1,200 | $166K | No change |
| IBB iShares Biotechnology ETF | 0.12% | 1,200 | $165K | New |
| MDLZ Mondelez International Inc. Class A | 0.12% | 2,300 | $161K | No change |
| GHYG iShares Us&intl High Yield C | 0.12% | 3,601 | $159K | No change |
| FTSL First Trust Senior Loan ETF | 0.11% | 3,270 | $151K | New |
| EBND State Street SPDR Bloomberg | 0.11% | 7,185 | $147K | Add +117.7% |
| TSCO Tractor Supply Company | 0.11% | 553 | $145K | No change |
| MCD McDonald's Corp. | 0.10% | 500 | $141K | Reduce -12.3% |
| META Meta Platforms Inc. Class A | 0.10% | 285 | $138K | Add +216.7% |
| QCOM Qualcomm Inc. | 0.10% | 815 | $138K | Add +25.4% |
| IVV iShares Core S&P 500 ETF | 0.10% | 257 | $135K | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.09% | 1,900 | $129K | Add +550.7% |
| BKLN Invesco Senior Loan ETF | 0.09% | 6,065 | $128K | No change |
| IYK iShares US Consumer Staples | 0.09% | 1,809 | $122K | No change |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.09% | 2,998 | $122K | Reduce -9.6% |
| TSLA Tesla Inc. | 0.09% | 693 | $122K | Add +56.4% |
| DTE DTE Energy Company | 0.09% | 1,082 | $121K | No change |
| ED Consolidated Edison Inc. | 0.09% | 1,316 | $120K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.09% | 1,582 | $117K | Reduce -33.6% |
| PBW Invesco Wilderhill Clean Ene | 0.08% | 5,000 | $115K | No change |
| ADSK Autodesk Inc. | 0.08% | 425 | $111K | No change |
| LLY Eli Lilly & Co. | 0.08% | 139 | $108K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| BIV Vanguard Intermediate-Term B | Reduce -73.0% | 0.82% | −2.50 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -3.1% | 3.94% | −0.45 |
| BLV Vanguard Long-Term Bond ETF | Reduce -3.4% | 2.65% | −0.40 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.8% | 3.01% | −0.27 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -0.3% | 3.02% | −0.24 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.23 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -14.3% | 0.63% | −0.17 |
| IEF iShares 7-10 Year Treasury B | Reduce -6.4% | 0.93% | −0.16 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -0.6% | 1.78% | −0.16 |
| PDBC Invesco Optimum Yield Divers | Reduce -0.6% | 3.36% | −0.14 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.4% | 1.97% | −0.13 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -0.8% | 3.20% | −0.12 |
| PSP Invesco Global Listed Privat | Reduce -11.7% | 0.79% | −0.12 |
| EMB iShares JP Morgan Usd Emergi | Reduce -1.9% | 1.13% | −0.11 |
| NVR NVR Inc. | Sold out | 0.00% | −0.10 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.10 |
| VCIT Vanguard Int-Term Corporate | Reduce -3.0% | 0.78% | −0.10 |
| ESGE iShares Inc. iShares ESG Awar | Reduce -5.7% | 0.67% | −0.09 |
| AEE Ameren Corporation | Sold out | 0.00% | −0.08 |
| K Kellanova | Sold out | 0.00% | −0.08 |
| EFA iShares MSCI Eafe ETF | Reduce -3.2% | 1.31% | −0.07 |
| XLV SS Health Care Select Sector | Reduce -67.0% | 0.02% | −0.05 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -33.6% | 0.09% | −0.05 |
| MS Morgan Stanley | Sold out | 0.00% | −0.05 |
| TLH iShares 10-20 Year Treasury | Reduce -28.8% | 0.08% | −0.04 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.04 |
| INTC Intel Corp. | Sold out | 0.00% | −0.04 |
| VRP Invesco Variable Rate Prefer | Reduce -13.3% | 0.17% | −0.04 |
| MCD McDonald's Corp. | Reduce -12.3% | 0.10% | −0.03 |
| EWU iShares MSCI United Kingdom | Reduce -3.6% | 0.37% | −0.03 |
| BLOK Amplify Blockchain Tech ETF | Sold out | 0.00% | −0.03 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.03 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.03 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.03 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.02 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.02 |
| CBON Vaneck China Bond ETF | Sold out | 0.00% | −0.02 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.02 |
| EWG iShares MSCI Germany ETF | Reduce -25.9% | 0.05% | −0.02 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.02 |
| VSS Vanguard Ftse All Wo X-US SC | Sold out | 0.00% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.02 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.02 |
| PM Philip Morris International | Sold out | 0.00% | −0.01 |
| GII State Street SPDR S&P Global | Sold out | 0.00% | −0.01 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -9.6% | 0.09% | −0.01 |
| SLB SLB Ltd. | Reduce -79.0% | 0.00% | −0.01 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.01 |
| KLG WK Kellogg Co. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| IBDU iShares Ibonds Dec 2029 Term | Add +95.3% | 2.24% | +0.99 |
| QQQ Invesco QQQ Trust Series 1 | Add +91.4% | 1.59% | +0.76 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.5% | 17.09% | +0.74 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +68.9% | 1.86% | +0.66 |
| VGT Vanguard Info Tech ETF | New | 0.52% | +0.52 |
| VHT Vanguard Health Care ETF | New | 0.50% | +0.50 |
| CAT Caterpillar Inc. | Add +400.0% | 0.33% | +0.28 |
| GLD SPDR Gold Shares | Add +5.5% | 3.88% | +0.19 |
| IVE iShares S&P 500 Value ETF | New | 0.19% | +0.19 |
| XLP SS Consumer Staples Sel Sect | Add +490.8% | 0.22% | +0.18 |
| XLY SS Consumer Disc Select Sect | Add +1283.0% | 0.17% | +0.16 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.14% | +0.14 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.13% | +0.13 |
| XLE SS Energy Select Sector | New | 0.13% | +0.13 |
| FTLS First Trust Long/Short Eqty | Add +4.3% | 2.23% | +0.12 |
| IBB iShares Biotechnology ETF | New | 0.12% | +0.12 |
| AAPL Apple Inc. | Add +59.2% | 0.49% | +0.12 |
| KKR KKR & Co. Inc. | Add +96.5% | 0.21% | +0.11 |
| FTSL First Trust Senior Loan ETF | New | 0.11% | +0.11 |
| DE Deere & Co. | Add +486.5% | 0.13% | +0.11 |
| URTH iShares MSCI World ETF | Add +232.2% | 0.14% | +0.10 |
| GIS General Mills Inc. | Add +91.0% | 0.17% | +0.08 |
| AZN Astrazeneca PLC-Spons ADR | Add +550.7% | 0.09% | +0.08 |
| META Meta Platforms Inc. Class A | Add +216.7% | 0.10% | +0.08 |
| EA Electronic Arts Inc. | New | 0.08% | +0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +100.0% | 0.15% | +0.07 |
| AJG Arthur J Gallagher & Co. | New | 0.07% | +0.07 |
| C Citigroup Inc. | New | 0.06% | +0.06 |
| XOM Exxon Mobil Corp. | Add +1131.8% | 0.07% | +0.06 |
| AEP American Electric Power | Add +772.1% | 0.07% | +0.06 |
| EBND State Street SPDR Bloomberg | Add +117.7% | 0.11% | +0.05 |
| LEN Lennar Corp. Class A | New | 0.05% | +0.05 |
| BKNG Booking Holdings Inc. | New | 0.05% | +0.05 |
| DD Dupont DE Nemours Inc. | New | 0.04% | +0.04 |
| DOW Dow Inc. | New | 0.04% | +0.04 |
| EWL iShares MSCI Switzerland ETF | Add +17.8% | 0.59% | +0.04 |
| PEP Pepsico Inc. | Add +193.0% | 0.06% | +0.04 |
| BBH Vaneck Biotech ETF | New | 0.04% | +0.04 |
| VZ Verizon Communications Inc. | Add +168.7% | 0.05% | +0.03 |
| PFF iShares Preferred & Income S | Add +91.0% | 0.07% | +0.03 |
| BAC Bank of America Corp. | Add +348.6% | 0.04% | +0.03 |
| ABT Abbott Laboratories | Add +26.2% | 0.16% | +0.03 |
| QCOM Qualcomm Inc. | Add +25.4% | 0.10% | +0.03 |
| VYM Vanguard High DVD Yield ETF | Add +16.9% | 0.14% | +0.02 |
| CVS CVS Health Corp. | Add +300.0% | 0.02% | +0.01 |
| HUM Humana Inc. | Add +612.5% | 0.01% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +18.2% | 0.07% | +0.01 |
| AVGO Broadcom Inc. | Add +52.9% | 0.03% | +0.01 |
| TSLA Tesla Inc. | Add +56.4% | 0.09% | +0.00 |
| EEM iShares MSCI Emerging Market | Add +2.3% | 0.33% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 274 | $166.2M | SPY, FNDE, GLD, IGIB, VCSH |
| Q1 2026 | 223 | $196.6M | SPY, ESGD, GLD, FNDE, SUSB |
| Q4 2025 | 235 | $193.7M | SPY, ESGD, GLD, SUSB, FNDE |
| Q3 2025 | 229 | $189.7M | SPY, ESGD, SUSB, GLD, FNDE |
| Q2 2025 | 245 | $168.8M | SPY, ESGD, SUSB, GLD, IGIB |
| Q1 2025 | 191 | $147.1M | SPY, GLD, SDVY, SUSB, SUSA |
| Q4 2024 | 193 | $153.0M | SPY, SDVY, GLD, SUSA, SUSB |
| Q3 2024 | 183 | $147.1M | SPY, GLD, SUSB, SUSA, CIBR |
| Q2 2024 | 172 | $131.3M | SPY, GLD, SUSA, SUSB, PDBC |
| Q1 2024 | 160 | $137.4M | SPY, SUSB, GLD, PDBC, CIBR |