LFA - Lugano Financial Advisors SA
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), LFA - Lugano Financial Advisors SA reported 172 stock positions worth $131.3 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 17.2% of the portfolio, followed by SPDR Gold Shares (GLD, 4.2%) and iShares ESG Optimized MSCI U (SUSA, 4.2%). Compared with Q1 2024, it opened 24 new positions, sold out of 12, added to 32 and reduced 30. The biggest buy was iShares ESG Optimized MSCI U (SUSA, shares +58%) and the biggest sale an exit from Vanguard Ftse Emerging Marke (VWO).
- Most Recent 13F
- Q2 2026
- Location
- LUGANO, V8
- CIK
- 0001737871
- Portfolio Value
- $131.3M (Q2 2024)
- SEC Filing
- 0001737871-24-000004 ↗ filed Jul 30, 2024
Holdings Value
Holdings 172 stocks · $131.3M
| SPY SS SPDR S&P 500 ETF Trust-US | 17.25% | 41,607 | $22.6M | Reduce -7.3% |
| GLD SPDR Gold Shares | 4.25% | 25,923 | $5.6M | Add +0.0% |
| SUSA iShares ESG Optimized MSCI U | 4.22% | 49,246 | $5.5M | Add +57.6% |
| SUSB iShares ESG Aware 1-5 Year U | 4.12% | 220,922 | $5.4M | No change |
| PDBC Invesco Optimum Yield Divers | 3.38% | 315,732 | $4.4M | Reduce -5.0% |
| CIBR First Trust Nasdaq Cybersecu | 3.28% | 76,388 | $4.3M | Reduce -2.0% |
| VWOB Vanguard Emerg MKTS Gov BND | 3.06% | 63,869 | $4.0M | Reduce -1.7% |
| QLTA iShares Aaa - A Rated Corpor | 3.01% | 84,289 | $3.9M | Add +1.4% |
| IGIB iShares 5-10Y Inv Grade Corp. | 2.99% | 76,483 | $3.9M | Reduce -4.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.89% | 49,031 | $3.8M | Reduce -8.5% |
| IBDU iShares Ibonds Dec 2029 Term | 2.66% | 154,098 | $3.5M | Add +14.5% |
| BLV Vanguard Long-Term Bond ETF | 2.57% | 47,922 | $3.4M | Reduce -4.7% |
| VGIT Vanguard Intermediate-Term T | 2.56% | 57,614 | $3.4M | Reduce -4.0% |
| FTLS First Trust Long/Short Eqty | 2.48% | 51,967 | $3.3M | Add +4.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 2.42% | 128,046 | $3.2M | Add +25.0% |
| IEF iShares 7-10 Year Treasury B | 2.28% | 31,972 | $3.0M | Add +136.3% |
| SJNK SS SPDR BB St Hi Yield ETF | 2.12% | 111,445 | $2.8M | Reduce -5.4% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | 2.12% | 89,499 | $2.8M | Reduce -20.6% |
| MSFT Microsoft Corp. | 1.85% | 5,430 | $2.4M | Reduce -0.5% |
| QQQ Invesco QQQ Trust Series 1 | 1.80% | 4,941 | $2.4M | Add +0.2% |
| SHY iShares 1-3 Year Treasury Bo | 1.68% | 26,940 | $2.2M | Reduce -9.8% |
| AMZN Amazon.com Inc. | 1.60% | 10,888 | $2.1M | Add +6.9% |
| FEZ State Street SPDR Euro Stoxx | 1.54% | 40,322 | $2.0M | Reduce -34.3% |
| NUMG Nuveen ESG Mid-Cap Grow ETF | 1.48% | 46,520 | $1.9M | Reduce -10.4% |
| EFA iShares MSCI Eafe ETF | 1.34% | 22,482 | $1.8M | No change |
| EMB iShares JP Morgan Usd Emergi | 1.07% | 15,833 | $1.4M | Reduce -8.5% |
| VCIT Vanguard Int-Term Corporate | 0.97% | 15,882 | $1.3M | Add +18.7% |
| BIV Vanguard Intermediate-Term B | 0.84% | 14,666 | $1.1M | Reduce -1.6% |
| CWB SS SPDR BB Conv Sec ETF | 0.77% | 13,981 | $1.0M | No change |
| EMNT PIMCO Enhcd St M-Active ESG | 0.74% | 9,900 | $977K | No change |
| AAPL Apple Inc. | 0.68% | 4,255 | $896K | Add +9.2% |
| VGT Vanguard Info Tech ETF | 0.59% | 1,350 | $778K | No change |
| PSP Invesco Global Listed Privat | 0.59% | 12,610 | $770K | Reduce -23.5% |
| VHT Vanguard Health Care ETF | 0.52% | 2,550 | $678K | No change |
| EWL iShares MSCI Switzerland ETF | 0.48% | 13,204 | $637K | Reduce -22.5% |
| RNRG Global X Renewable Ener Prod | 0.48% | 63,880 | $636K | No change |
| GOOG Alphabet Inc. Class C | 0.42% | 2,980 | $547K | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.38% | 10,307 | $502K | Reduce -41.7% |
| VCLT Vanguard Long-Term Corp. Bond | 0.37% | 6,408 | $486K | Reduce -24.5% |
| PIO Invesco Global Water ETF | 0.35% | 11,497 | $465K | No change |
| FPEI First Trust Institutional PR | 0.34% | 24,000 | $441K | No change |
| XLI SS Industrial Select Sector | 0.32% | 3,500 | $427K | No change |
| CAT Caterpillar Inc. | 0.32% | 1,250 | $416K | No change |
| EWU iShares MSCI United Kingdom | 0.32% | 11,919 | $416K | Reduce -19.9% |
| BND Vanguard Total Bond Market | 0.27% | 4,868 | $351K | Add +9.8% |
| XLP SS Consumer Staples Sel Sect | 0.23% | 4,000 | $306K | No change |
| JPM JPMorgan Chase & Co. | 0.23% | 1,490 | $301K | No change |
| XLF SS Financial Select Sector | 0.23% | 7,300 | $300K | No change |
| KKR KKR & Co. Inc. | 0.23% | 2,850 | $300K | No change |
| HEWJ Isha Curr Hedged MSCI Japan | 0.22% | 6,630 | $289K | Reduce -38.0% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.22% | 9,600 | $289K | New |
| GOOGL Alphabet Inc. Class A | 0.22% | 1,580 | $288K | Add +156.1% |
| BGRN iShares Usd Green Bond ETF | 0.21% | 5,959 | $277K | No change |
| URTH iShares MSCI World ETF | 0.21% | 1,868 | $276K | Add +37.1% |
| V Visa Inc. Class A | 0.20% | 991 | $260K | Add +43.4% |
| IVE iShares S&P 500 Value ETF | 0.19% | 1,400 | $255K | No change |
| BX Blackstone Inc. | 0.19% | 2,000 | $248K | No change |
| XLY SS Consumer Disc Select Sect | 0.18% | 1,300 | $237K | No change |
| ABT Abbott Laboratories | 0.18% | 2,227 | $231K | Add +15.5% |
| VRP Invesco Variable Rate Prefer | 0.17% | 9,514 | $228K | Reduce -5.6% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.16% | 3,547 | $210K | No change |
| ABBV Abbvie Inc. | 0.16% | 1,200 | $206K | No change |
| BWZ State Street SPDR Bloomberg | 0.15% | 7,802 | $200K | Add +20.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.15% | 500 | $196K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.15% | 800 | $194K | No change |
| VYM Vanguard High DVD Yield ETF | 0.14% | 1,555 | $184K | No change |
| XLK SS Technology Select Sector | 0.14% | 813 | $184K | No change |
| KO The Coca-Cola Co. | 0.14% | 2,800 | $178K | Add +75.0% |
| HON Honeywell International Inc. | 0.14% | 832 | $178K | No change |
| ZTS Zoetis Inc. | 0.13% | 1,000 | $173K | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.13% | 2,212 | $171K | No change |
| XLE SS Energy Select Sector | 0.13% | 1,830 | $167K | No change |
| IBB iShares Biotechnology ETF | 0.13% | 1,200 | $165K | No change |
| QCOM Qualcomm Inc. | 0.12% | 815 | $162K | No change |
| DE Deere & Co. | 0.12% | 434 | $162K | No change |
| MDLZ Mondelez International Inc. Class A | 0.11% | 2,300 | $151K | No change |
| FTSL First Trust Senior Loan ETF | 0.11% | 3,270 | $149K | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.11% | 1,900 | $148K | No change |
| META Meta Platforms Inc. Class A | 0.11% | 285 | $144K | No change |
| TSLA Tesla Inc. | 0.11% | 723 | $143K | Add +4.3% |
| EBND State Street SPDR Bloomberg | 0.11% | 7,185 | $143K | No change |
| IVV iShares Core S&P 500 ETF | 0.11% | 257 | $141K | No change |
| LLY Eli Lilly & Co. | 0.11% | 153 | $139K | Add +10.1% |
| GBTC Grayscale Bitcoin Trust ETF | 0.10% | 2,750 | $131K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 3,278 | $130K | Add +146.8% |
| GDX Vaneck Gold Miners ETF | 0.10% | 3,826 | $130K | Add +119.6% |
| YUM Yum! Brands Inc. | 0.10% | 970 | $128K | Reduce -19.2% |
| BKLN Invesco Senior Loan ETF | 0.10% | 6,065 | $128K | No change |
| MCD McDonald's Corp. | 0.10% | 500 | $127K | No change |
| GHYG iShares Us&intl High Yield C | 0.09% | 2,845 | $124K | Reduce -21.0% |
| MA Mastercard Inc. Class A | 0.09% | 278 | $123K | Add +334.4% |
| PEP Pepsico Inc. | 0.09% | 734 | $121K | Add +59.6% |
| IYK iShares US Consumer Staples | 0.09% | 1,809 | $119K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.09% | 1,628 | $118K | Add +2.9% |
| ED Consolidated Edison Inc. | 0.09% | 1,316 | $118K | No change |
| PFE Pfizer Inc. | 0.09% | 4,000 | $112K | Add +100.0% |
| ITA iShares U.S. Aerospace & Def | 0.08% | 830 | $110K | New |
| EA Electronic Arts Inc. | 0.08% | 780 | $109K | No change |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 0.08% | 2,690 | $108K | Reduce -10.3% |
| TLH iShares 10-20 Year Treasury | 0.08% | 1,024 | $105K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −1.97 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −1.25 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −1.11 |
| FEZ State Street SPDR Euro Stoxx | Reduce -34.3% | 1.54% | −0.81 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.67 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -20.6% | 2.12% | −0.42 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.33 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -41.7% | 0.38% | −0.25 |
| PSP Invesco Global Listed Privat | Reduce -23.5% | 0.59% | −0.20 |
| NUMG Nuveen ESG Mid-Cap Grow ETF | Reduce -10.4% | 1.48% | −0.20 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.17 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.14 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -8.5% | 2.89% | −0.13 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -24.5% | 0.37% | −0.11 |
| HEWJ Isha Curr Hedged MSCI Japan | Reduce -38.0% | 0.22% | −0.11 |
| EWL iShares MSCI Switzerland ETF | Reduce -22.5% | 0.48% | −0.11 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.11 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -9.8% | 1.68% | −0.10 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.09 |
| BLV Vanguard Long-Term Bond ETF | Reduce -4.7% | 2.57% | −0.08 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.07 |
| EMB iShares JP Morgan Usd Emergi | Reduce -8.5% | 1.07% | −0.06 |
| EWU iShares MSCI United Kingdom | Reduce -19.9% | 0.32% | −0.05 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -5.4% | 2.12% | −0.04 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -4.9% | 2.99% | −0.03 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.03 |
| ADSK Autodesk Inc. | Reduce -33.4% | 0.05% | −0.03 |
| YUM Yum! Brands Inc. | Reduce -19.2% | 0.10% | −0.02 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.02 |
| GHYG iShares Us&intl High Yield C | Reduce -21.0% | 0.09% | −0.02 |
| TTE Totalenergies SE -Spon ADR | Reduce -80.3% | 0.00% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -31.0% | 0.03% | −0.01 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -10.3% | 0.08% | −0.01 |
| VGIT Vanguard Intermediate-Term T | Reduce -4.0% | 2.56% | −0.00 |
| BKNG Booking Holdings Inc. | Reduce -16.7% | 0.05% | −0.00 |
| VRP Invesco Variable Rate Prefer | Reduce -5.6% | 0.17% | −0.00 |
| BIV Vanguard Intermediate-Term B | Reduce -1.6% | 0.84% | +0.02 |
| PDBC Invesco Optimum Yield Divers | Reduce -5.0% | 3.38% | +0.02 |
| VWOB Vanguard Emerg MKTS Gov BND | Reduce -1.7% | 3.06% | +0.04 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -2.0% | 3.28% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.3% | 17.25% | +0.15 |
| MSFT Microsoft Corp. | Reduce -0.5% | 1.85% | +0.18 |
Portfolio Buys Q1 2024 → Q2 2024
| SUSA iShares ESG Optimized MSCI U | Add +57.6% | 4.22% | +1.73 |
| IEF iShares 7-10 Year Treasury B | Add +136.3% | 2.28% | +1.35 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +25.0% | 2.42% | +0.56 |
| IBDU iShares Ibonds Dec 2029 Term | Add +14.5% | 2.66% | +0.43 |
| GLD SPDR Gold Shares | Add +0.0% | 4.25% | +0.36 |
| AMZN Amazon.com Inc. | Add +6.9% | 1.60% | +0.27 |
| FTLS First Trust Long/Short Eqty | Add +4.7% | 2.48% | +0.25 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | New | 0.22% | +0.22 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 1.80% | +0.21 |
| AAPL Apple Inc. | Add +9.2% | 0.68% | +0.20 |
| VCIT Vanguard Int-Term Corporate | Add +18.7% | 0.97% | +0.18 |
| GOOGL Alphabet Inc. Class A | Add +156.1% | 0.22% | +0.15 |
| QLTA iShares Aaa - A Rated Corpor | Add +1.4% | 3.01% | +0.14 |
| ITA iShares U.S. Aerospace & Def | New | 0.08% | +0.08 |
| MA Mastercard Inc. Class A | Add +334.4% | 0.09% | +0.07 |
| EW Edwards Lifesciences Corp. | New | 0.07% | +0.07 |
| URTH iShares MSCI World ETF | Add +37.1% | 0.21% | +0.07 |
| KO The Coca-Cola Co. | Add +75.0% | 0.14% | +0.06 |
| BAC Bank of America Corp. | Add +146.8% | 0.10% | +0.06 |
| GDX Vaneck Gold Miners ETF | Add +119.6% | 0.10% | +0.06 |
| V Visa Inc. Class A | Add +43.4% | 0.20% | +0.06 |
| MRK Merck & Co. Inc. | Add +656.7% | 0.06% | +0.06 |
| CL Colgate-Palmolive Co. | New | 0.05% | +0.05 |
| OIH Vaneck Oil Services ETF | New | 0.05% | +0.05 |
| HD Home Depot Inc. | New | 0.05% | +0.05 |
| MMM 3M Co. | New | 0.05% | +0.05 |
| UL Unilever PLC | New | 0.05% | +0.05 |
| RMD Resmed Inc. | New | 0.05% | +0.05 |
| MO Altria Group Inc. | New | 0.05% | +0.05 |
| PFE Pfizer Inc. | Add +100.0% | 0.09% | +0.04 |
| PYPL PayPal Holdings Inc. | New | 0.04% | +0.04 |
| T AT&T Inc. | New | 0.04% | +0.04 |
| KWEB Kranesh Csi China Internet | New | 0.04% | +0.04 |
| CVS CVS Health Corp. | Add +316.5% | 0.06% | +0.04 |
| NVDA Nvidia Corp. | Add +46.4% | 0.08% | +0.04 |
| CVX Chevron Corp. | New | 0.04% | +0.04 |
| PEP Pepsico Inc. | Add +59.6% | 0.09% | +0.03 |
| BND Vanguard Total Bond Market | Add +9.8% | 0.27% | +0.03 |
| BWZ State Street SPDR Bloomberg | Add +20.9% | 0.15% | +0.03 |
| WBD Warner Bros Discovery Inc. | New | 0.03% | +0.03 |
| BA The Boeing Co. | New | 0.03% | +0.03 |
| EWJ iShares MSCI Japan ETF | New | 0.03% | +0.03 |
| LLY Eli Lilly & Co. | Add +10.1% | 0.11% | +0.03 |
| WFC Wells Fargo & Co. | Add +697.5% | 0.03% | +0.03 |
| JNJ Johnson & Johnson | New | 0.02% | +0.02 |
| TAN Invesco Solar ETF | New | 0.02% | +0.02 |
| TSLA Tesla Inc. | Add +4.3% | 0.11% | +0.02 |
| LEN Lennar Corp. Class A | Add +51.3% | 0.07% | +0.02 |
| ABT Abbott Laboratories | Add +15.5% | 0.18% | +0.02 |
| APH Amphenol Corp. Class A | New | 0.01% | +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 |