LFA - Lugano Financial Advisors SA
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), LFA - Lugano Financial Advisors SA reported 193 stock positions worth $153.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.2% of the portfolio, followed by First Trust Smid Cap Rising (SDVY, 4.5%) and SPDR Gold Shares (GLD, 4.3%). Compared with Q3 2024, it opened 19 new positions, sold out of 9, added to 40 and reduced 42. The biggest buy was a new position in First Trust Smid Cap Rising (SDVY) and the biggest sale Vanguard Long-Term Bond ETF (BLV, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- LUGANO, V8
- CIK
- 0001737871
- Portfolio Value
- $153.0M (Q4 2024)
- SEC Filing
- 0001737871-25-000001 ↗ filed Feb 10, 2025
Holdings Value
Holdings 193 stocks · $153.0M
| SPY SS SPDR S&P 500 ETF Trust-US | 15.21% | 39,704 | $23.3M | Reduce -9.1% |
| SDVY First Trust Smid Cap Rising | 4.45% | 190,046 | $6.8M | New |
| GLD SPDR Gold Shares | 4.33% | 27,366 | $6.6M | Add +2.0% |
| SUSA iShares ESG Optimized MSCI U | 3.80% | 47,846 | $5.8M | Add +5.6% |
| SUSB iShares ESG Aware 1-5 Year U | 3.52% | 217,722 | $5.4M | No change |
| CIBR First Trust Nasdaq Cybersecu | 2.96% | 71,425 | $4.5M | Reduce -8.8% |
| VWOB Vanguard Emerg MKTS Gov BND | 2.84% | 68,670 | $4.3M | Add +1.6% |
| IGIB iShares 5-10Y Inv Grade Corp. | 2.79% | 82,765 | $4.3M | Add +0.9% |
| TLH iShares 10-20 Year Treasury | 2.71% | 41,590 | $4.1M | Add +2101.7% |
| FTLS First Trust Long/Short Eqty | 2.68% | 62,329 | $4.1M | Reduce -1.4% |
| PDBC Invesco Optimum Yield Divers | 2.68% | 315,734 | $4.1M | Reduce -0.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.56% | 50,115 | $3.9M | Reduce -5.7% |
| QLTA iShares Aaa - A Rated Corpor | 2.54% | 83,015 | $3.9M | Reduce -6.7% |
| VGIT Vanguard Intermediate-Term T | 2.47% | 65,087 | $3.8M | Add +2.6% |
| IBDU iShares Ibonds Dec 2029 Term | 2.35% | 157,599 | $3.6M | Reduce -2.1% |
| SHV iShares 0-1 Year Treasury Bo | 2.33% | 32,299 | $3.6M | New |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 2.13% | 103,701 | $3.3M | Reduce -6.3% |
| SJNK SS SPDR BB St Hi Yield ETF | 1.92% | 116,327 | $2.9M | Add +1.3% |
| EMNT PIMCO Enhcd St M-Active ESG | 1.84% | 28,639 | $2.8M | Add +189.3% |
| IEF iShares 7-10 Year Treasury B | 1.79% | 29,598 | $2.7M | Reduce -6.1% |
| AMZN Amazon.com Inc. | 1.69% | 11,783 | $2.6M | Add +2.0% |
| FEZ State Street SPDR Euro Stoxx | 1.65% | 52,480 | $2.5M | No change |
| MSFT Microsoft Corp. | 1.65% | 5,975 | $2.5M | Add +3.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.64% | 4,907 | $2.5M | Add +0.1% |
| NUMG Nuveen ESG Mid-Cap Grow ETF | 1.44% | 46,520 | $2.2M | No change |
| IBDT iShares Ibonds Dec 2028 ETF | 1.37% | 84,217 | $2.1M | Reduce -34.2% |
| SHY iShares 1-3 Year Treasury Bo | 1.35% | 25,159 | $2.1M | Reduce -12.7% |
| SUSC iShares ESG Aware Usd Corpor | 1.10% | 74,278 | $1.7M | New |
| EFA iShares MSCI Eafe ETF | 1.06% | 21,519 | $1.6M | Reduce -4.3% |
| VCIT Vanguard Int-Term Corporate | 0.80% | 15,335 | $1.2M | Reduce -3.4% |
| AAPL Apple Inc. | 0.74% | 4,538 | $1.1M | Add +3.6% |
| EMB iShares JP Morgan Usd Emergi | 0.73% | 12,466 | $1.1M | Reduce -26.5% |
| CWB SS SPDR BB Conv Sec ETF | 0.71% | 13,981 | $1.1M | No change |
| RNRG Global X Renewable Ener Prod | 0.68% | 119,626 | $1.0M | No change |
| PSP Invesco Global Listed Privat | 0.62% | 14,224 | $950K | Reduce -7.2% |
| VGT Vanguard Info Tech ETF | 0.55% | 1,350 | $839K | No change |
| EWL iShares MSCI Switzerland ETF | 0.53% | 17,614 | $810K | Reduce -6.0% |
| VHT Vanguard Health Care ETF | 0.42% | 2,550 | $647K | No change |
| GOOG Alphabet Inc. Class C | 0.37% | 2,980 | $568K | No change |
| VCLT Vanguard Long-Term Corp. Bond | 0.31% | 6,438 | $481K | Add +0.5% |
| XLI SS Industrial Select Sector | 0.30% | 3,500 | $461K | No change |
| CAT Caterpillar Inc. | 0.30% | 1,250 | $453K | No change |
| PIO Invesco Global Water ETF | 0.29% | 11,497 | $449K | No change |
| FPEI First Trust Institutional PR | 0.29% | 24,000 | $449K | No change |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.29% | 20,533 | $439K | Reduce -38.7% |
| EWU iShares MSCI United Kingdom | 0.28% | 12,769 | $433K | Add +7.1% |
| KKR KKR & Co. Inc. | 0.28% | 2,850 | $422K | No change |
| BIV Vanguard Intermediate-Term B | 0.27% | 5,471 | $409K | Reduce -62.7% |
| BND Vanguard Total Bond Market | 0.24% | 5,165 | $371K | Add +20.4% |
| GDX Vaneck Gold Miners ETF | 0.24% | 10,865 | $368K | Add +27.7% |
| GOOGL Alphabet Inc. Class A | 0.24% | 1,924 | $364K | Add +5.0% |
| JPM JPMorgan Chase & Co. | 0.23% | 1,490 | $357K | No change |
| XLF SS Financial Select Sector | 0.23% | 7,300 | $353K | No change |
| BX Blackstone Inc. | 0.23% | 2,000 | $345K | No change |
| XLE SS Energy Select Sector | 0.23% | 4,018 | $344K | No change |
| XLP SS Consumer Staples Sel Sect | 0.21% | 4,000 | $314K | No change |
| XLY SS Consumer Disc Select Sect | 0.19% | 1,300 | $292K | No change |
| V Visa Inc. Class A | 0.19% | 900 | $284K | No change |
| HEWJ Isha Curr Hedged MSCI Japan | 0.18% | 6,630 | $283K | No change |
| BGRN iShares Usd Green Bond ETF | 0.18% | 5,959 | $278K | No change |
| IVE iShares S&P 500 Value ETF | 0.17% | 1,400 | $267K | No change |
| ABT Abbott Laboratories | 0.17% | 2,347 | $265K | No change |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.16% | 9,600 | $251K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.15% | 1,323 | $232K | No change |
| ABBV Abbvie Inc. | 0.14% | 1,200 | $213K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.14% | 500 | $213K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.14% | 800 | $211K | No change |
| MA Mastercard Inc. Class A | 0.14% | 400 | $211K | Add +11.1% |
| ITA iShares U.S. Aerospace & Def | 0.14% | 1,437 | $209K | Add +73.1% |
| TSLA Tesla Inc. | 0.14% | 515 | $208K | Reduce -33.2% |
| META Meta Platforms Inc. Class A | 0.14% | 354 | $207K | Add +16.4% |
| VYM Vanguard High DVD Yield ETF | 0.13% | 1,555 | $198K | No change |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.13% | 3,547 | $197K | No change |
| KO The Coca-Cola Co. | 0.13% | 3,100 | $193K | Add +10.7% |
| XLK SS Technology Select Sector | 0.12% | 813 | $189K | No change |
| BKNG Booking Holdings Inc. | 0.12% | 38 | $189K | Add +18.8% |
| HON Honeywell International Inc. | 0.12% | 832 | $188K | No change |
| BWZ State Street SPDR Bloomberg | 0.12% | 7,264 | $184K | Reduce -6.9% |
| RMD Resmed Inc. | 0.11% | 750 | $172K | Add +116.1% |
| ZTS Zoetis Inc. | 0.11% | 1,050 | $171K | No change |
| EA Electronic Arts Inc. | 0.11% | 1,168 | $171K | Add +49.7% |
| NVDA Nvidia Corp. | 0.11% | 1,240 | $167K | Add +29.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 3,698 | $163K | No change |
| IBB iShares Biotechnology ETF | 0.10% | 1,200 | $159K | No change |
| QCOM Qualcomm Inc. | 0.10% | 997 | $153K | No change |
| IVV iShares Core S&P 500 ETF | 0.10% | 257 | $151K | No change |
| FTSL First Trust Senior Loan ETF | 0.10% | 3,270 | $151K | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.10% | 3,053 | $150K | Reduce -59.5% |
| MCD McDonald's Corp. | 0.09% | 500 | $145K | No change |
| IXJ iShares Global Healthcare Et | 0.09% | 1,660 | $143K | Add +193.3% |
| ED Consolidated Edison Inc. | 0.09% | 1,580 | $141K | Add +20.1% |
| EBND State Street SPDR Bloomberg | 0.09% | 7,185 | $140K | No change |
| MDLZ Mondelez International Inc. Class A | 0.09% | 2,300 | $137K | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.09% | 1,835 | $136K | Reduce -33.3% |
| LLY Eli Lilly & Co. | 0.09% | 172 | $133K | Add +3.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.09% | 465 | $132K | No change |
| YUM Yum! Brands Inc. | 0.09% | 970 | $130K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.08% | 1,400 | $128K | Reduce -49.4% |
| BKLN Invesco Senior Loan ETF | 0.08% | 6,065 | $128K | No change |
| IAGG iShares Intl Aggregate Bond | 0.08% | 2,550 | $127K | New |
Portfolio Sells Q3 2024 → Q4 2024
| BLV Vanguard Long-Term Bond ETF | Reduce -97.8% | 0.06% | −2.76 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -9.1% | 15.21% | −1.83 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -34.2% | 1.37% | −0.85 |
| BIV Vanguard Intermediate-Term B | Reduce -62.7% | 0.27% | −0.51 |
| QLTA iShares Aaa - A Rated Corpor | Reduce -6.7% | 2.54% | −0.43 |
| EMB iShares JP Morgan Usd Emergi | Reduce -26.5% | 0.73% | −0.35 |
| URTH iShares MSCI World ETF | Sold out | 0.00% | −0.32 |
| IEF iShares 7-10 Year Treasury B | Reduce -6.1% | 1.79% | −0.31 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -5.7% | 2.56% | −0.31 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -6.3% | 2.13% | −0.28 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -12.7% | 1.35% | −0.28 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -2.1% | 2.35% | −0.22 |
| IBDV iShares Ibonds Dec 2030 Corp. | Reduce -38.7% | 0.29% | −0.22 |
| PDBC Invesco Optimum Yield Divers | Reduce -0.6% | 2.68% | −0.22 |
| EFA iShares MSCI Eafe ETF | Reduce -4.3% | 1.06% | −0.21 |
| ASHR Xtrackers Harvest Csi 300 CH | Reduce -94.8% | 0.01% | −0.19 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -8.8% | 2.96% | −0.19 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -59.5% | 0.10% | −0.16 |
| EWL iShares MSCI Switzerland ETF | Reduce -6.0% | 0.53% | −0.13 |
| VRP Invesco Variable Rate Prefer | Reduce -78.8% | 0.03% | −0.13 |
| DE Deere & Co. | Reduce -83.0% | 0.02% | −0.10 |
| VCIT Vanguard Int-Term Corporate | Reduce -3.4% | 0.80% | −0.10 |
| PSP Invesco Global Listed Privat | Reduce -7.2% | 0.62% | −0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -49.4% | 0.08% | −0.09 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -49.7% | 0.06% | −0.06 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.05 |
| UL Unilever PLC | Sold out | 0.00% | −0.05 |
| FTLS First Trust Long/Short Eqty | Reduce -1.4% | 2.68% | −0.05 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.05 |
| LEN Lennar Corp. Class A | Reduce -30.1% | 0.04% | −0.05 |
| PEP Pepsico Inc. | Reduce -33.1% | 0.06% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Reduce -42.9% | 0.03% | −0.03 |
| PFE Pfizer Inc. | Reduce -25.0% | 0.05% | −0.03 |
| BWZ State Street SPDR Bloomberg | Reduce -6.9% | 0.12% | −0.03 |
| GHYG iShares Us&intl High Yield C | Reduce -19.0% | 0.07% | −0.02 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.02 |
| BA The Boeing Co. | Sold out | 0.00% | −0.02 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.02 |
| T AT&T Inc. | Reduce -40.0% | 0.03% | −0.02 |
| PFF iShares Preferred & Income S | Reduce -16.7% | 0.05% | −0.02 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -14.9% | 0.06% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -56.7% | 0.01% | −0.01 |
| WBD Warner Bros Discovery Inc. | Reduce -60.0% | 0.01% | −0.01 |
| PICK iShares MSCI Global Metals & | Sold out | 0.00% | −0.01 |
| TAN Invesco Solar ETF | Reduce -52.9% | 0.01% | −0.01 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.01 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -33.3% | 0.09% | −0.01 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -15.8% | 0.02% | −0.00 |
| TLT iShares 20+ Year Treasury BD | Reduce -17.2% | 0.01% | −0.00 |
| TSLA Tesla Inc. | Reduce -33.2% | 0.14% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| SDVY First Trust Smid Cap Rising | New | 4.45% | +4.45 |
| TLH iShares 10-20 Year Treasury | Add +2101.7% | 2.71% | +2.57 |
| SHV iShares 0-1 Year Treasury Bo | New | 2.33% | +2.33 |
| EMNT PIMCO Enhcd St M-Active ESG | Add +189.3% | 1.84% | +1.18 |
| SUSC iShares ESG Aware Usd Corpor | New | 1.10% | +1.10 |
| AMZN Amazon.com Inc. | Add +2.0% | 1.69% | +0.23 |
| SUSA iShares ESG Optimized MSCI U | Add +5.6% | 3.80% | +0.09 |
| IAGG iShares Intl Aggregate Bond | New | 0.08% | +0.08 |
| IXJ iShares Global Healthcare Et | Add +193.3% | 0.09% | +0.06 |
| RMD Resmed Inc. | Add +116.1% | 0.11% | +0.05 |
| ITA iShares U.S. Aerospace & Def | Add +73.1% | 0.14% | +0.05 |
| AAPL Apple Inc. | Add +3.6% | 0.74% | +0.05 |
| ISHG iShares -3 Year Internationa | New | 0.05% | +0.05 |
| SHYG iShares 0-5 YR HY Corp. Bond | New | 0.04% | +0.04 |
| EA Electronic Arts Inc. | Add +49.7% | 0.11% | +0.04 |
| IWM iShares Russell 2000 ETF | New | 0.04% | +0.04 |
| AVGO Broadcom Inc. | Add +36.5% | 0.08% | +0.03 |
| BKNG Booking Holdings Inc. | Add +18.8% | 0.12% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +5.0% | 0.24% | +0.03 |
| FTNT Fortinet Inc. | Add +445.4% | 0.04% | +0.03 |
| NVDA Nvidia Corp. | Add +29.2% | 0.11% | +0.03 |
| MO Altria Group Inc. | Add +61.5% | 0.07% | +0.03 |
| ADBE Adobe Inc. | New | 0.02% | +0.02 |
| URNM Sprott Uranium Miners ETF | New | 0.02% | +0.02 |
| BND Vanguard Total Bond Market | Add +20.4% | 0.24% | +0.02 |
| PG The Procter & Gamble Co. | New | 0.02% | +0.02 |
| ADSK Autodesk Inc. | Add +31.4% | 0.08% | +0.02 |
| SKYY First Trust Cloud Computing | New | 0.02% | +0.02 |
| NOW ServiceNow Inc. | New | 0.02% | +0.02 |
| EW Edwards Lifesciences Corp. | Add +30.0% | 0.06% | +0.02 |
| HACK Amplify Cybersecurity ETF | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | Add +16.4% | 0.14% | +0.02 |
| MA Mastercard Inc. Class A | Add +11.1% | 0.14% | +0.02 |
| LULU Lululemon Athletica Inc. | New | 0.02% | +0.02 |
| PGX Invesco Preferred ETF | New | 0.01% | +0.01 |
| ROBO Robo Global Robotics and Aut | New | 0.01% | +0.01 |
| BOTZ Global X Robotics & Artifici | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 1.64% | +0.01 |
| CVX Chevron Corp. | Add +45.5% | 0.05% | +0.01 |
| MMM 3M Co. | Add +33.3% | 0.07% | +0.01 |
| KLAC KLA Corp. | New | 0.01% | +0.01 |
| GDX Vaneck Gold Miners ETF | Add +27.7% | 0.24% | +0.01 |
| NFLX Netflix Inc. | Add +214.3% | 0.01% | +0.01 |
| NKE Nike Inc. Class B | Add +110.5% | 0.02% | +0.01 |
| EBAY eBay Inc. | New | 0.01% | +0.01 |
| HUM Humana Inc. | Add +56.3% | 0.02% | +0.00 |
| VZ Verizon Communications Inc. | Add +22.1% | 0.07% | +0.00 |
| XOM Exxon Mobil Corp. | Add +12.7% | 0.08% | −0.00 |
| ED Consolidated Edison Inc. | Add +20.1% | 0.09% | −0.00 |
| KO The Coca-Cola Co. | Add +10.7% | 0.13% | −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 |