LFA - Lugano Financial Advisors SA

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), LFA - Lugano Financial Advisors SA reported 183 stock positions worth $147.1 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 17.0% of the portfolio, followed by SPDR Gold Shares (GLD, 4.4%) and iShares ESG Aware 1-5 Year U (SUSB, 3.7%). Compared with Q2 2024, it opened 13 new positions, sold out of 3, added to 55 and reduced 8. The biggest buy was a new position in iShares Ibonds Dec 2030 (IBDV) and the biggest sale iShares ESG Optimized MSCI U (SUSA, shares −8%).

Most Recent 13F
Q2 2026
Location
LUGANO, V8
CIK
0001737871
Portfolio Value
$147.1M (Q3 2024)
SEC Filing
0001737871-24-000005 ↗ filed Nov 7, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $137.4M Q1 2024 Q2 2024: $131.3M Q2 2024 Q3 2024: $147.1M $147.1M Q3 2024 Q4 2024: $153.0M Q4 2024 Q1 2025: $147.1M Q1 2025 Q2 2025: $168.8M Q2 2025 Q3 2025: $189.7M Q3 2025 Q4 2025: $193.7M Q4 2025 Q1 2026: $196.6M Q1 2026 Q2 2026: $166.2M Q2 2026

Holdings 183 stocks · $147.1M
SPY SS SPDR S&P 500 ETF Trust-US 17.04% 43,677 $25.1M Add +5.0%
GLD SPDR Gold Shares 4.43% 26,826 $6.5M Add +3.5%
SUSB iShares ESG Aware 1-5 Year U 3.72% 217,722 $5.5M Reduce -1.4%
SUSA iShares ESG Optimized MSCI U 3.71% 45,326 $5.5M Reduce -8.0%
CIBR First Trust Nasdaq Cybersecu 3.15% 78,339 $4.6M Add +2.5%
VWOB Vanguard Emerg MKTS Gov BND 3.05% 67,572 $4.5M Add +5.8%
IGIB iShares 5-10Y Inv Grade Corp. 3.00% 82,031 $4.4M Add +7.3%
QLTA iShares Aaa - A Rated Corpor 2.97% 88,972 $4.4M Add +5.6%
PDBC Invesco Optimum Yield Divers 2.90% 317,465 $4.3M Add +0.6%
VCSH Vanguard S/T Corp. Bond ETF 2.87% 53,137 $4.2M Add +8.4%
BLV Vanguard Long-Term Bond ETF 2.82% 55,159 $4.1M Add +15.1%
FTLS First Trust Long/Short Eqty 2.73% 63,214 $4.0M Add +21.6%
VGIT Vanguard Intermediate-Term T 2.61% 63,453 $3.8M Add +10.1%
IBDU iShares Ibonds Dec 2029 Term 2.57% 160,979 $3.8M Add +4.5%
QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET 2.41% 110,645 $3.5M Add +23.6%
IBDT iShares Ibonds Dec 2028 ETF 2.22% 128,046 $3.3M No change
IEF iShares 7-10 Year Treasury B 2.10% 31,522 $3.1M Reduce -1.4%
SJNK SS SPDR BB St Hi Yield ETF 2.01% 114,884 $3.0M Add +3.1%
FEZ State Street SPDR Euro Stoxx 1.90% 52,480 $2.8M Add +30.1%
MSFT Microsoft Corp. 1.68% 5,757 $2.5M Add +6.0%
SHY iShares 1-3 Year Treasury Bo 1.63% 28,821 $2.4M Add +7.0%
QQQ Invesco QQQ Trust Series 1 1.63% 4,904 $2.4M Reduce -0.8%
AMZN Amazon.com Inc. 1.46% 11,554 $2.2M Add +6.1%
NUMG Nuveen ESG Mid-Cap Grow ETF 1.42% 46,520 $2.1M No change
EFA iShares MSCI Eafe ETF 1.28% 22,482 $1.9M No change
EMB iShares JP Morgan Usd Emergi 1.08% 16,957 $1.6M Add +7.1%
VCIT Vanguard Int-Term Corporate 0.90% 15,882 $1.3M No change
RNRG Global X Renewable Ener Prod 0.86% 119,626 $1.3M Add +87.3%
BIV Vanguard Intermediate-Term B 0.78% 14,666 $1.1M No change
CWB SS SPDR BB Conv Sec ETF 0.73% 13,981 $1.1M No change
PSP Invesco Global Listed Privat 0.71% 15,332 $1.0M Add +21.6%
AAPL Apple Inc. 0.69% 4,378 $1.0M Add +2.9%
EMNT PIMCO Enhcd St M-Active ESG 0.67% 9,900 $980K No change
EWL iShares MSCI Switzerland ETF 0.66% 18,732 $976K Add +41.9%
VGT Vanguard Info Tech ETF 0.54% 1,350 $792K No change
IBDV iShares Ibonds Dec 2030 Corp. 0.51% 33,500 $743K New
VHT Vanguard Health Care ETF 0.49% 2,550 $720K No change
VCLT Vanguard Long-Term Corp. Bond 0.35% 6,408 $521K No change
GOOG Alphabet Inc. Class C 0.34% 2,980 $498K No change
PIO Invesco Global Water ETF 0.34% 11,497 $495K No change
CAT Caterpillar Inc. 0.33% 1,250 $489K No change
XLI SS Industrial Select Sector 0.32% 3,500 $474K No change
URTH iShares MSCI World ETF 0.32% 2,978 $467K Add +59.4%
FPEI First Trust Institutional PR 0.31% 24,000 $458K No change
EWU iShares MSCI United Kingdom 0.30% 11,919 $446K No change
BNDX Vanguard Total Intl Bond ETF 0.26% 7,532 $379K Reduce -26.9%
KKR KKR & Co. Inc. 0.25% 2,850 $372K No change
XLE SS Energy Select Sector 0.24% 4,018 $353K Add +119.6%
GDX Vaneck Gold Miners ETF 0.23% 8,510 $339K Add +122.4%
XLP SS Consumer Staples Sel Sect 0.23% 4,000 $332K No change
XLF SS Financial Select Sector 0.22% 7,300 $331K No change
BND Vanguard Total Bond Market 0.22% 4,290 $322K Reduce -11.9%
JPM JPMorgan Chase & Co. 0.21% 1,490 $314K No change
BX Blackstone Inc. 0.21% 2,000 $306K No change
GOOGL Alphabet Inc. Class A 0.21% 1,833 $304K Add +16.0%
ASHR Xtrackers Harvest Csi 300 CH 0.20% 10,500 $300K New
BGRN iShares Usd Green Bond ETF 0.20% 5,959 $288K No change
IVE iShares S&P 500 Value ETF 0.19% 1,400 $276K No change
HEWJ Isha Curr Hedged MSCI Japan 0.19% 6,630 $272K No change
DBMF Imgp Dbi MFT STR ETF-Usd Inc. 0.18% 9,600 $270K No change
ABT Abbott Laboratories 0.18% 2,347 $268K Add +5.4%
XLY SS Consumer Disc Select Sect 0.18% 1,300 $260K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.17% 2,766 $254K New
V Visa Inc. Class A 0.17% 900 $247K Reduce -9.2%
VRP Invesco Variable Rate Prefer 0.17% 10,077 $246K Add +5.9%
RSP Invesco S&P 500 Equal Weight 0.16% 1,323 $237K New
ABBV Abbvie Inc. 0.16% 1,200 $237K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.15% 3,547 $217K No change
BWZ State Street SPDR Bloomberg 0.15% 7,802 $215K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.14% 500 $212K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.14% 800 $211K No change
TLH iShares 10-20 Year Treasury 0.14% 1,889 $207K Add +84.5%
ZTS Zoetis Inc. 0.14% 1,050 $205K Add +5.0%
TSLA Tesla Inc. 0.14% 771 $202K Add +6.6%
KO The Coca-Cola Co. 0.14% 2,800 $201K No change
VYM Vanguard High DVD Yield ETF 0.14% 1,555 $199K No change
XLK SS Technology Select Sector 0.12% 813 $184K No change
DE Deere & Co. 0.12% 434 $181K No change
MA Mastercard Inc. Class A 0.12% 360 $178K Add +29.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.12% 2,212 $178K No change
IBB iShares Biotechnology ETF 0.12% 1,200 $175K No change
META Meta Platforms Inc. Class A 0.12% 304 $174K Add +6.7%
HON Honeywell International Inc. 0.12% 832 $172K No change
QCOM Qualcomm Inc. 0.12% 997 $170K Add +22.3%
MDLZ Mondelez International Inc. Class A 0.12% 2,300 $169K No change
EBND State Street SPDR Bloomberg 0.10% 7,185 $153K No change
MCD McDonald's Corp. 0.10% 500 $152K No change
FTSL First Trust Senior Loan ETF 0.10% 3,270 $150K No change
IVV iShares Core S&P 500 ETF 0.10% 257 $148K No change
AZN Astrazeneca PLC-Spons ADR 0.10% 1,900 $148K No change
LLY Eli Lilly & Co. 0.10% 167 $148K Add +9.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 3,698 $147K Add +12.8%
PEP Pepsico Inc. 0.10% 827 $141K Add +12.7%
GBTC Grayscale Bitcoin Trust ETF 0.09% 2,750 $139K No change
ED Consolidated Edison Inc. 0.09% 1,316 $137K No change
YUM Yum! Brands Inc. 0.09% 970 $136K No change
BKNG Booking Holdings Inc. 0.09% 32 $135K Add +113.3%
AEP American Electric Power 0.09% 1,308 $134K Add +16.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.09% 465 $131K Add +17.7%
GHYG iShares Us&intl High Yield C 0.09% 2,845 $130K No change

Show all 183 holdings

Portfolio Sells Q2 2024 → Q3 2024
SUSA iShares ESG Optimized MSCI U Reduce -8.0% 3.71% −0.51
SUSB iShares ESG Aware 1-5 Year U Reduce -1.4% 3.72% −0.40
IEF iShares 7-10 Year Treasury B Reduce -1.4% 2.10% −0.18
QQQ Invesco QQQ Trust Series 1 Reduce -0.8% 1.63% −0.18
BNDX Vanguard Total Intl Bond ETF Reduce -26.9% 0.26% −0.12
IYK iShares US Consumer Staples Sold out 0.00% −0.09
BND Vanguard Total Bond Market Reduce -11.9% 0.22% −0.05
V Visa Inc. Class A Reduce -9.2% 0.17% −0.03
SPYD SS SPDR P S&P 500 Hi Div ETF Reduce -10.7% 0.07% −0.01
GILD Gilead Sciences Inc. Sold out 0.00% −0.01
XYZ Block Inc. Sold out 0.00% −0.01

Portfolio Buys Q2 2024 → Q3 2024
IBDV iShares Ibonds Dec 2030 Corp. New 0.51% +0.51
RNRG Global X Renewable Ener Prod Add +87.3% 0.86% +0.38
FEZ State Street SPDR Euro Stoxx Add +30.1% 1.90% +0.36
QAI Nylim HDG MLT-STR TRC ETF-Ui Add +23.6% 2.41% +0.30
BLV Vanguard Long-Term Bond ETF Add +15.1% 2.82% +0.25
FTLS First Trust Long/Short Eqty Add +21.6% 2.73% +0.25
ASHR Xtrackers Harvest Csi 300 CH New 0.20% +0.20
GLD SPDR Gold Shares Add +3.5% 4.43% +0.19
EWL iShares MSCI Switzerland ETF Add +41.9% 0.66% +0.18
BIL SS SPDR BB 1-3M T-Bill ETF New 0.17% +0.17
RSP Invesco S&P 500 Equal Weight New 0.16% +0.16
GDX Vaneck Gold Miners ETF Add +122.4% 0.23% +0.13
PSP Invesco Global Listed Privat Add +21.6% 0.71% +0.12
XLE SS Energy Select Sector Add +119.6% 0.24% +0.11
URTH iShares MSCI World ETF Add +59.4% 0.32% +0.11
IEI iShares 3-7 Year Treasury Bo New 0.07% +0.07
TLH iShares 10-20 Year Treasury Add +84.5% 0.14% +0.06
VGIT Vanguard Intermediate-Term T Add +10.1% 2.61% +0.05
BKNG Booking Holdings Inc. Add +113.3% 0.09% +0.05
AVGO Broadcom Inc. Add +32.1% 0.04% +0.04
IXJ iShares Global Healthcare Et New 0.04% +0.04
COIN Coinbase Global Inc. Class A New 0.04% +0.04
TTE Totalenergies SE -Spon ADR Add +1428.6% 0.03% +0.03
TSLA Tesla Inc. Add +6.6% 0.14% +0.03
MA Mastercard Inc. Class A Add +29.5% 0.12% +0.03
UNH Unitedhealth Group Inc. New 0.02% +0.02
APH Amphenol Corp. Class A Add +198.4% 0.03% +0.02
LEN Lennar Corp. Class A Add +12.6% 0.09% +0.02
AEP American Electric Power Add +16.3% 0.09% +0.02
VZ Verizon Communications Inc. Add +28.7% 0.07% +0.01
INDA iShares MSCI India ETF Add +131.1% 0.02% +0.01
RMD Resmed Inc. Add +11.2% 0.06% +0.01
EMB iShares JP Morgan Usd Emergi Add +7.1% 1.08% +0.01
AAPL Apple Inc. Add +2.9% 0.69% +0.01
AJG Arthur J Gallagher & Co. Add +17.7% 0.09% +0.01
IGIB iShares 5-10Y Inv Grade Corp. Add +7.3% 3.00% +0.01
META Meta Platforms Inc. Class A Add +6.7% 0.12% +0.01
ZTS Zoetis Inc. Add +5.0% 0.14% +0.01
ELV Elevance Health Inc. New 0.01% +0.01
XOM Exxon Mobil Corp. Add +19.9% 0.08% +0.01
ADSK Autodesk Inc. Add +12.4% 0.06% +0.01
FTNT Fortinet Inc. New 0.01% +0.01
ABT Abbott Laboratories Add +5.4% 0.18% +0.01
NEE Nextera Energy Inc. New 0.01% +0.01
WEC WEC Energy Group Inc. New 0.01% +0.01
TGT Target Corp. New 0.01% +0.01
CVS CVS Health Corp. Add +11.6% 0.06% +0.00
PEP Pepsico Inc. Add +12.7% 0.10% +0.00
WFC Wells Fargo & Co. Add +31.4% 0.03% +0.00
NVDA Nvidia Corp. Add +17.1% 0.08% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 274$166.2MSPY, FNDE, GLD, IGIB, VCSH
Q1 2026 223$196.6MSPY, ESGD, GLD, FNDE, SUSB
Q4 2025 235$193.7MSPY, ESGD, GLD, SUSB, FNDE
Q3 2025 229$189.7MSPY, ESGD, SUSB, GLD, FNDE
Q2 2025 245$168.8MSPY, ESGD, SUSB, GLD, IGIB
Q1 2025 191$147.1MSPY, GLD, SDVY, SUSB, SUSA
Q4 2024 193$153.0MSPY, SDVY, GLD, SUSA, SUSB
Q3 2024 183$147.1MSPY, GLD, SUSB, SUSA, CIBR
Q2 2024 172$131.3MSPY, GLD, SUSA, SUSB, PDBC
Q1 2024 160$137.4MSPY, SUSB, GLD, PDBC, CIBR