Lowery Thomas, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Lowery Thomas, LLC reported 53 stock positions worth $156.2 million. Its top holding was Schwab US Large-Cap Growth (SCHG) at 12.8% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.0%) and Invesco Nasdaq 100 ETF (QQQM, 6.5%). Compared with Q1 2025, it opened 2 new positions, sold out of 4, added to 18 and reduced 32. The biggest buy was iShares Russell 1000 Growth (IWF, shares +0%) and the biggest sale JPMorgan Equity Premium Inco (JEPI, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- PEBBLE BEACH, CA
- CIK
- 0001919701
- Portfolio Value
- $156.2M (Q2 2025)
- SEC Filing
- 0001951757-25-000896 ↗ filed Jul 18, 2025
Holdings Value
Holdings 53 stocks · $156.2M
| SCHG Schwab US Large-Cap Growth | 12.77% | 682,694 | $19.9M | Reduce -1.7% |
| VOO Vanguard S&P 500 ETF | 10.03% | 27,579 | $15.7M | Reduce -5.7% |
| QQQM Invesco Nasdaq 100 ETF | 6.49% | 44,662 | $10.1M | Reduce -5.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.97% | 15,100 | $9.3M | Reduce -0.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 5.52% | 351,269 | $8.6M | Reduce -3.4% |
| QQQ Invesco QQQ Trust Series 1 | 4.59% | 12,987 | $7.2M | Reduce -1.6% |
| IWF iShares Russell 1000 Growth | 3.88% | 14,265 | $6.1M | Add +0.1% |
| SCHV Schwab US Large-Cap Value | 3.84% | 216,849 | $6.0M | Reduce -1.1% |
| IWB iShares Russell 1000 ETF | 3.26% | 15,005 | $5.1M | Add +0.2% |
| SMH Vaneck Semiconductor ETF | 2.99% | 16,749 | $4.7M | Reduce -10.1% |
| IWO iShares Russell 2000 Growth | 2.78% | 15,216 | $4.3M | Reduce -4.0% |
| JEPI JPMorgan Equity Premium Inco | 2.54% | 69,831 | $4.0M | Reduce -8.6% |
| BND Vanguard Total Bond Market | 2.23% | 47,365 | $3.5M | Add +7.3% |
| FLDR Fidelity Low Durat Fact ETF | 2.00% | 62,475 | $3.1M | Reduce -4.7% |
| XMMO Invesco S&P Midcap Momentum | 1.99% | 24,142 | $3.1M | Reduce -9.3% |
| IWP iShares Russell Mid-Cap Grow | 1.93% | 21,759 | $3.0M | Reduce -3.8% |
| SCHO Schwab Short-Term US Treas | 1.91% | 122,232 | $3.0M | Reduce -2.2% |
| SCHZ Schwab US Aggregate Bond ETF | 1.84% | 123,794 | $2.9M | Reduce -0.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.81% | 29,673 | $2.8M | Reduce -0.8% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.75% | 6,215 | $2.7M | Reduce -2.3% |
| VIOG Vanguard S&P SM Cap 600 GRW | 1.70% | 23,245 | $2.7M | Reduce -13.2% |
| VUSB Vanguard Ultra Short Bond Et | 1.66% | 51,948 | $2.6M | Add +26.5% |
| SCHX Schwab US Large-Cap ETF | 1.48% | 94,377 | $2.3M | Reduce -7.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 1.29% | 7,097 | $2.0M | Reduce -4.3% |
| AAPL Apple Inc. | 1.02% | 7,753 | $1.6M | Add +0.0% |
| IWN iShares Russell 2000 Value E | 0.94% | 9,288 | $1.5M | Reduce -3.2% |
| XSVM Invesco S&P Smallcap Value W | 0.81% | 24,312 | $1.3M | Add +0.6% |
| IWM iShares Russell 2000 ETF | 0.69% | 4,991 | $1.1M | Add +4.5% |
| VOOV Vanguard S&P 500 Value ETF | 0.69% | 5,684 | $1.1M | Reduce -1.7% |
| XLK SS Technology Select Sector | 0.68% | 4,204 | $1.1M | Reduce -0.1% |
| NVDA Nvidia Corp. | 0.67% | 6,653 | $1.1M | Add +10.3% |
| XSMO Invesco S&P Smallcap Momentu | 0.65% | 15,001 | $1.0M | Reduce -7.3% |
| SHV iShares 0-1 Year Treasury Bo | 0.63% | 8,888 | $981K | Add +20.3% |
| AMZN Amazon.com Inc. | 0.57% | 4,080 | $895K | No change |
| SCHM Schwab US Mid Cap ETF | 0.57% | 31,797 | $892K | Reduce -28.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.56% | 10,642 | $882K | Add +14.6% |
| TSLA Tesla Inc. | 0.55% | 2,687 | $854K | Reduce -17.3% |
| KLAC KLA Corp. | 0.52% | 909 | $814K | Reduce -7.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.52% | 15,367 | $804K | Reduce -12.9% |
| IWD iShares Russell 1000 Value E | 0.51% | 4,089 | $794K | Add +0.4% |
| MSFT Microsoft Corp. | 0.40% | 1,246 | $620K | Reduce -7.4% |
| AIQ Global X Art Intel & Tech | 0.39% | 13,972 | $610K | Reduce -30.1% |
| META Meta Platforms Inc. Class A | 0.36% | 759 | $560K | Add +0.1% |
| QLD Proshares Ultra QQQ | 0.29% | 3,834 | $451K | Add +3.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 1,566 | $438K | Add +12.1% |
| SCHA Schwab US Small-Cap ETF | 0.28% | 17,289 | $437K | Reduce -47.7% |
| SOXX iShares Semiconductor ETF | 0.21% | 1,354 | $323K | Add +0.2% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.20% | 3,569 | $317K | Add +9.5% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.20% | 1,886 | $310K | Reduce -13.9% |
| UYG Proshares Ultra Financials | 0.15% | 2,453 | $234K | Add +0.3% |
| MDY State Street SPDR S&P Midcap | 0.13% | 367 | $208K | New |
| SCHD Schwab US DVD Equity ETF | 0.13% | 7,767 | $206K | Add +7.9% |
| GOOG Alphabet Inc. Class C | 0.13% | 1,146 | $203K | New |
Portfolio Sells Q1 2025 → Q2 2025
| JEPI JPMorgan Equity Premium Inco | Reduce -8.6% | 2.54% | −0.45 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -3.4% | 5.52% | −0.35 |
| VIOV Vanguard S&P Small-Cap 600 V | Sold out | 0.00% | −0.29 |
| VIOG Vanguard S&P SM Cap 600 GRW | Reduce -13.2% | 1.70% | −0.25 |
| VOO Vanguard S&P 500 ETF | Reduce -5.7% | 10.03% | −0.25 |
| SCHA Schwab US Small-Cap ETF | Reduce -47.7% | 0.28% | −0.25 |
| FLDR Fidelity Low Durat Fact ETF | Reduce -4.7% | 2.00% | −0.24 |
| SCHM Schwab US Mid Cap ETF | Reduce -28.7% | 0.57% | −0.23 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.19 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.17 |
| SCHO Schwab Short-Term US Treas | Reduce -2.2% | 1.91% | −0.17 |
| SCHV Schwab US Large-Cap Value | Reduce -1.1% | 3.84% | −0.15 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.14 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -0.7% | 1.84% | −0.13 |
| AIQ Global X Art Intel & Tech | Reduce -30.1% | 0.39% | −0.11 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -12.9% | 0.52% | −0.10 |
| XMMO Invesco S&P Midcap Momentum | Reduce -9.3% | 1.99% | −0.08 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -2.3% | 1.75% | −0.07 |
| SCHX Schwab US Large-Cap ETF | Reduce -7.1% | 1.48% | −0.06 |
| IWN iShares Russell 2000 Value E | Reduce -3.2% | 0.94% | −0.05 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -13.9% | 0.20% | −0.04 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -1.7% | 0.69% | −0.04 |
| XSMO Invesco S&P Smallcap Momentu | Reduce -7.3% | 0.65% | −0.04 |
| TSLA Tesla Inc. | Reduce -17.3% | 0.55% | −0.03 |
| IWO iShares Russell 2000 Growth | Reduce -4.0% | 2.78% | +0.01 |
| MSFT Microsoft Corp. | Reduce -7.4% | 0.40% | +0.05 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -4.3% | 1.29% | +0.05 |
| KLAC KLA Corp. | Reduce -7.2% | 0.52% | +0.07 |
| XLK SS Technology Select Sector | Reduce -0.1% | 0.68% | +0.09 |
| IWP iShares Russell Mid-Cap Grow | Reduce -3.8% | 1.93% | +0.11 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.8% | 1.81% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 5.97% | +0.18 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -5.7% | 6.49% | +0.24 |
| SMH Vaneck Semiconductor ETF | Reduce -10.1% | 2.99% | +0.29 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.6% | 4.59% | +0.35 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.7% | 12.77% | +0.87 |
Portfolio Buys Q1 2025 → Q2 2025
| IWF iShares Russell 1000 Growth | Add +0.1% | 3.88% | +0.36 |
| VUSB Vanguard Ultra Short Bond Et | Add +26.5% | 1.66% | +0.26 |
| NVDA Nvidia Corp. | Add +10.3% | 0.67% | +0.23 |
| MDY State Street SPDR S&P Midcap | New | 0.13% | +0.13 |
| GOOG Alphabet Inc. Class C | New | 0.13% | +0.13 |
| IWB iShares Russell 1000 ETF | Add +0.2% | 3.26% | +0.12 |
| SHV iShares 0-1 Year Treasury Bo | Add +20.3% | 0.63% | +0.07 |
| QLD Proshares Ultra QQQ | Add +3.5% | 0.29% | +0.06 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.36% | +0.06 |
| SHY iShares 1-3 Year Treasury Bo | Add +14.6% | 0.56% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +4.5% | 0.69% | +0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +12.1% | 0.28% | +0.03 |
| SOXX iShares Semiconductor ETF | Add +0.2% | 0.21% | +0.03 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +9.5% | 0.20% | +0.02 |
| BND Vanguard Total Bond Market | Add +7.3% | 2.23% | +0.02 |
| UYG Proshares Ultra Financials | Add +0.3% | 0.15% | +0.00 |
| SCHD Schwab US DVD Equity ETF | Add +7.9% | 0.13% | −0.01 |
| IWD iShares Russell 1000 Value E | Add +0.4% | 0.51% | −0.02 |
| XSVM Invesco S&P Smallcap Value W | Add +0.6% | 0.81% | −0.02 |
| AAPL Apple Inc. | Add +0.0% | 1.02% | −0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 57 | $204.7M | SCHG, VOO, QQQM, SMH, FNDX |
| Q1 2026 | 55 | $174.9M | SCHG, VOO, QQQM, FNDX, SPY |
| Q4 2025 | 55 | $177.0M | SCHG, VOO, QQQM, FNDX, SPY |
| Q3 2025 | 55 | $173.2M | SCHG, VOO, QQQM, FNDX, SPY |
| Q2 2025 | 53 | $156.2M | SCHG, VOO, QQQM, SPY, FNDX |
| Q1 2025 | 55 | $146.2M | SCHG, VOO, QQQM, FNDX, SPY |
| Q4 2024 | 56 | $153.4M | SCHG, VOO, QQQM, FNDX, SPY |
| Q3 2024 | 52 | $147.4M | SCHG, VOO, QQQM, FNDX, SPY |
| Q2 2024 | 46 | $137.1M | SCHG, VOO, QQQM, BIL, SPY |
| Q1 2024 | 46 | $130.6M | SCHG, VOO, BIL, SPY, QQQM |