Luminist Capital LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Luminist Capital LLC reported 331 stock positions worth $100.7 million. Its top holding was iShares Treasury Floating Ra (TFLO) at 11.7% of the portfolio, followed by Invesco Nasdaq 100 ETF (QQQM, 7.0%) and Vanguard S&P 500 ETF (VOO, 7.0%). Compared with Q1 2025, it opened 118 new positions, sold out of 28, added to 30 and reduced 58. The biggest buy was a new position in Invesco Nasdaq 100 ETF (QQQM) and the biggest sale iShares Treasury Floating Ra (TFLO, shares −66%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001807270
Portfolio Value
$100.7M (Q2 2025)
SEC Filing
0001807270-25-000004 ↗ filed Aug 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q4 2024: $57.0M Q4 2024 Q1 2025: $92.7M Q1 2025 Q2 2025: $100.7M $100.7M Q2 2025 Q3 2025: $114.1M Q3 2025 Q4 2025: $80.9M Q4 2025 Q1 2026: $74.8M Q1 2026 Q2 2026: $88.4M Q2 2026

Holdings 331 stocks · $100.7M
TFLO iShares Treasury Floating Ra 11.65% 232,555 $11.7M Reduce -65.9%
QQQM Invesco Nasdaq 100 ETF 7.01% 31,388 $7.1M New
VOO Vanguard S&P 500 ETF 6.97% 12,373 $7.0M Add +154562.5%
GLD SPDR Gold Shares 6.49% 21,348 $6.5M Add +93.8%
PNOV Innovator U.S. Equity Power 5.67% 144,429 $5.7M Reduce -8.2%
SHV iShares 0-1 Year Treasury Bo 4.59% 42,028 $4.6M Add +7.4%
SGOL Abrdn Physical Gold Shares 4.23% 133,840 $4.3M Add +12.5%
TLT iShares 20+ Year Treasury BD 4.20% 48,030 $4.2M Add +16.9%
SFLR Innovator Eqty MGD Floor ETF 3.94% 118,278 $4.0M Reduce -0.2%
KNOV Inn US SML CP Pow B ETF - No 3.81% 150,718 $3.8M No change
VYM Vanguard High DVD Yield ETF 3.29% 24,639 $3.3M Add +8367.0%
VTI VG Morningstar TS MKT ETF-US 3.29% 10,904 $3.3M Add +8287.7%
SPMD SS SPDR P S&P 400 Midcap ETF 3.20% 58,553 $3.2M New
NNOV Innovator G-100 PB ETF - Nov 2.33% 85,668 $2.3M Reduce -8.0%
RFLR Innovator US S Cap MNG F ETF 2.19% 87,678 $2.2M Add +0.1%
WMT Walmart Inc. 2.06% 21,201 $2.1M Reduce -0.6%
QFLR Innovator Nasdaq-100 MF ETF 1.71% 57,683 $1.7M Reduce -0.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.60% 5,663 $1.6M Add +17.1%
XLK SS Technology Select Sector 1.36% 5,452 $1.4M Add +125.2%
XLP SS Consumer Staples Sel Sect 1.23% 15,066 $1.2M Add +141.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.19% 4,250 $1.2M Add +17.6%
VB Vanguard Most SM-Cap ETF-Usd 1.16% 4,875 $1.2M Add +18.2%
NVDA Nvidia Corp. 1.04% 6,825 $1.0M Add +1.4%
INOV Inno Int Dev Power Buff Nov 0.85% 26,421 $852K Reduce -5.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.81% 9,964 $816K Add +969.1%
XLF SS Financial Select Sector 0.81% 15,504 $816K Reduce -35.2%
XLY SS Consumer Disc Select Sect 0.80% 3,687 $805K Add +835.8%
XLI SS Industrial Select Sector 0.80% 5,432 $804K Add +1438.8%
XLC SS Comm Select Sector SPDR 0.79% 7,401 $798K Reduce -38.1%
XLV SS Health Care Select Sector 0.64% 4,732 $647K Reduce -1.9%
AAPL Apple Inc. 0.61% 2,983 $615K Reduce -0.4%
SVOL Simplify Volatility Premium 0.42% 23,291 $425K Reduce -0.4%
FXAIX Fidelity 500 Index Fund 0.37% 1,740 $376K New
CTA Simplify Managed Futures St 0.36% 13,623 $365K Reduce -1.3%
TBIL F/M US Treasury 3 Month Bill 0.36% 7,315 $364K Reduce -1.2%
LMBS First Trust Low Duration Opp 0.29% 5,936 $292K No change
PMAY Innovator U.S. Equity Power 0.28% 7,437 $281K New
KAPR Innovator U.S. Small Cap Pow 0.25% 7,861 $255K Reduce -5.7%
QRMI Global X Nasdaq 100 Risk Man 0.24% 15,050 $240K Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 463 $227K Reduce -13.5%
MSFT Microsoft Corp. 0.21% 428 $211K Add +13.5%
GHYG iShares Us&intl High Yield C 0.20% 4,355 $201K No change
POCT Innovator U.S. Equity Power 0.20% 4,850 $200K New
FTCS First Trust Capital Strength 0.18% 1,977 $182K No change
TLTW iShares 20+ Bond Buywrite 0.18% 7,682 $178K Reduce -4.1%
PFIX Simplify Interest Rate Hedge 0.18% 3,380 $178K Reduce -7.1%
QQQ Invesco QQQ Trust Series 1 0.16% 301 $165K Reduce -29.2%
DFEB FT Vest U.S. Equity Deep Buf 0.16% 3,579 $160K No change
FEBW Alianzim US Eq BFR20 Feb-Usd 0.16% 4,904 $157K No change
BILS SS Spdrb B 3-12M T-Bill ETF 0.14% 1,469 $146K Reduce -11.4%
UNH Unitedhealth Group Inc. 0.14% 442 $144K Add +5.5%
FSPSX Fidelity Intl Indx 0.14% 2,507 $143K New
XRMI Global X S&P 500 Risk Manage 0.13% 7,334 $131K Reduce -2.2%
COST Costco Wholesale Corp. 0.13% 130 $128K Add +1.6%
JEPI JPMorgan Equity Premium Inco 0.12% 2,207 $125K Reduce -3.0%
GOOGL Alphabet Inc. Class A 0.11% 639 $112K Add +14.1%
HYGW iShares HY Corp. BD Buywr ETF 0.10% 3,206 $98K Reduce -8.8%
USFR Wisdomtree Floating Rate Tre 0.09% 1,876 $94K Add +4.4%
RYLD Global X Russell 2000 Cov Class 0.09% 6,199 $92K Reduce -1.9%
MCD McDonald's Corp. 0.09% 292 $87K No change
GFAFX Amer FND GRW FD of Am-F1 0.08% 1,004 $81K New
CADUX Cion Ares Divers Cred-I 0.08% 3,039 $77K Add +2.1%
AMPFX Amcap Fund F-1 filed as AMERICAN FUNDS AMCAP F1 0.07% 1,550 $67K New
PKW Invesco Buyback Achievers Et 0.06% 521 $65K No change
IBIT iShares Bitcoin Trust ETF 0.06% 1,078 $65K Reduce -4.8%
ABNDX The BND FND of America-A 0.06% 5,648 $64K New
AFIFX Amer FND Fndmntl Invst-F1 filed as AMERICAN FUNDS FUNDAMENTAL INVS F1 0.06% 731 $64K New
FDL First Trust Morn DVD Lead Inc. 0.06% 1,481 $63K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.06% 663 $63K No change
IWB iShares Russell 1000 ETF 0.06% 182 $62K Reduce -7.6%
OWL Blue Owl Capital Inc. 0.06% 7,082 $61K New
SPHD Invesco S&P 500 High Dividen 0.06% 1,262 $61K Reduce -7.7%
FTC First Trust Large Cap Growth 0.06% 403 $60K No change
AMECX Amer FNDS Inc. of Amer-A 0.06% 2,239 $60K New
IYR iShares US Real Estate ETF 0.06% 601 $57K Reduce -8.2%
TWCUX American Century Ultra-Inv 0.06% 603 $57K New
FTXL First Trust Nasdaq Semicondu 0.06% 594 $57K No change
XLG Invesco S&P 500 Top 50 ETF 0.06% 1,095 $57K No change
NBARX Af Rtrmnt Inc.-Moderate-A filed as AMERICAN FUNDS RETIRE INC PORT-MOD A 0.05% 3,939 $53K No change
VEU Vanguard Ftse All-World Ex-U 0.05% 779 $52K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 85 $52K No change
AEM Agnico Eagle Mines Ltd. 0.05% 438 $52K New
ALTY Global X Alternative Income 0.05% 4,332 $51K Reduce -6.8%
JULH Innov Prem Inc. 20 Barr-July 0.05% 2,003 $50K Reduce -6.2%
AWSHX Amer FND Wash MTL Inv-A filed as AMERICAN FUNDS WASHINGTON MUTUAL A 0.05% 723 $46K New
HIGH Simplify Enhanced Income ETF 0.05% 1,914 $46K Reduce -6.0%
XLB SS Materials Select Sector 0.05% 509 $46K Reduce -7.0%
AMRMX American Mutual Fund-A 0.05% 764 $46K New
ABALX American Balanced Fund-A 0.04% 1,234 $45K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 151 $44K New
EBAY eBay Inc. 0.04% 564 $43K No change
IWM iShares Russell 2000 ETF 0.04% 192 $42K Reduce -4.5%
GDX Vaneck Gold Miners ETF 0.04% 782 $41K Reduce -15.7%
CAIBX Amer FNDS Cap Inc. BLDR-A filed as AMERICAN FUNDS CAPITAL INCOME BLDR A 0.04% 528 $40K New
MTUM iShares MSCI USA Momentum Fa 0.04% 170 $40K No change
CDE Coeur Mining Inc. 0.04% 4,486 $40K New
PLTR Palantir Technologies Inc. Class A 0.04% 304 $40K No change
ZAREEX Ares Real Estate Inc. TR-E 0.04% 5,108 $39K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.04% 483 $39K Reduce -5.5%
QTUM Defiance Quantum ETF 0.04% 418 $38K New
IGV iShares Expanded Tech-Softwa 0.04% 350 $38K New
HYTR Counterpoint Hi YLD ETF 0.04% 1,722 $37K No change
SMH Vaneck Semiconductor ETF 0.04% 135 $37K Add +42.1%
UUP Invesco DB US Dollar Index B 0.04% 1,342 $36K Reduce -8.3%
XLE SS Energy Select Sector 0.03% 399 $34K Reduce -96.8%
DGX Quest Diagnostics Inc. 0.03% 189 $34K No change
AIBAX Am FND Intm BND FD Am-A 0.03% 2,535 $32K New
MAG Mag Silver Corp. 0.03% 1,500 $32K New
EXEL Exelixis Inc. 0.03% 710 $31K Add +2740.0%
PEOPX BNYM S&P 500 Index filed as BNY MELLON S&P 500 INDEX 0.03% 504 $31K New
UCO Proshares Ultra Bloomberg CR 0.03% 1,320 $30K New
TORXF Torex Gold Resources Inc. 0.03% 900 $29K New
NWFFX Amer FNDS New World-F1 filed as AMERICAN FUNDS NEW WORLD F1 0.03% 331 $29K New
KO The Coca-Cola Co. 0.03% 400 $29K No change
PRF Invesco Rafi US 1000 ETF 0.03% 650 $28K No change
FXL First Trust Technology Alpha 0.03% 167 $26K No change
EMB iShares JP Morgan Usd Emergi 0.03% 279 $26K Reduce -8.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.03% 231 $25K Reduce -9.4%
TER Teradyne Inc. 0.02% 273 $25K No change
MAXI Simplify Bitcoin STRT ETF-Ui 0.02% 841 $25K Add +3.3%
SCHX Schwab US Large-Cap ETF 0.02% 1,000 $24K New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.02% 55 $24K Reduce -6.8%
CWB SS SPDR BB Conv Sec ETF 0.02% 292 $24K Reduce -9.6%
PFF iShares Preferred & Income S 0.02% 755 $23K Reduce -8.2%
HI Hillenbrand Inc. 0.02% 1,078 $23K No change
IEF iShares 7-10 Year Treasury B 0.02% 234 $22K Reduce -11.4%
FSM Fortuna Mining Corp. 0.02% 3,300 $22K New
LULU Lululemon Athletica Inc. 0.02% 83 $20K No change
OVL Overlay Shares Large Cap Eq 0.02% 384 $19K No change
EEM iShares MSCI Emerging Market 0.02% 384 $19K Add +1.1%
FSSNX Fidelity SM Cap Indx Prem 0.02% 662 $18K New
FMF First Trust Managed Futures 0.02% 387 $17K No change
JMCVX JNS Hndrsn Mid Cap Val-T filed as JANUS HENDERSON MID CAP VALUE T 0.02% 1,081 $17K New
FTA First Trust L C Val Alp 0.02% 211 $17K No change
AGTHX Amer FND GRW FD of Am-A 0.02% 207 $17K New
AMCPX Amcap Fund-A filed as AMERICAN FUNDS AMCAP A 0.02% 379 $17K New
FNV Franco-Nevada Corp. 0.02% 100 $16K New
LEXCX Voya Corp. LDRS-Ser B-A 0.02% 238 $16K New
KJAN Innovator U.S. Small Cap Pow 0.02% 419 $16K No change
OVLH Overlay SHRS HDG LRG Cap Eqy 0.02% 429 $16K No change
GTFBX T Row Price Georg MPL BD-Inv filed as T. ROWE PRICE GA TAX-FREE BOND 0.01% 1,386 $15K No change
USO United States Oil Fund LP 0.01% 191 $14K Reduce -2.5%
USAGX Vic Prec MTLS & Mnrls filed as VICTORY PRECIOUS METALS AND MINERALS 0.01% 475 $14K New
AMZN Amazon.com Inc. 0.01% 63 $14K Reduce -37.0%
FXO First Trust Financial Alphad 0.01% 244 $14K No change
AG First Majestic Silver Corp. 0.01% 1,600 $13K New
MPC Marathon Petroleum Corp. 0.01% 78 $13K New
AVGO Broadcom Inc. 0.01% 50 $13K New
META Meta Platforms Inc. Class A 0.01% 18 $13K New
V Visa Inc. Class A 0.01% 36 $13K No change
IWF iShares Russell 1000 Growth 0.01% 30 $13K No change
BSX Boston Scientific Corp. 0.01% 120 $13K New
XBJA Innovator US Eq Ac 9 Buff-J 0.01% 410 $12K No change
BSTP Innovator Buff Su Strat ETF 0.01% 354 $12K No change
PSTP Innovator PWR Buff Su St ETF 0.01% 339 $11K No change
HSCSX Homestead SML-Comp STCK 0.01% 458 $11K New
PESPX BNYM Midcap Index-Inv filed as BNY MELLON MIDCAP INDEX INV 0.01% 392 $11K New
KD Kyndryl Holdings Inc. 0.01% 264 $11K New
IWD iShares Russell 1000 Value E 0.01% 56 $11K No change
EDIAX Eaton Vance GL Inc. BLD-A 0.01% 950 $11K No change
DNP DNP Select Income Fund Inc. 0.01% 1,100 $11K New
XLRE SS Real Estate Select Sector 0.01% 257 $11K No change
SA Seabridge Gold Inc. 0.01% 700 $10K New
STIP iShares 0-5 Year Tips Bond E 0.01% 100 $10K New
TRBCX T Rowe PR Blue Chip Grow-Inv 0.01% 50 $10K No change
DTE DTE Energy Company 0.01% 75 $10K No change
BTG B2GOLD Corp. 0.01% 2,706 $10K New
CWGIX Af Cap WLRD GR & Inc. Class A filed as AMERICAN FUNDS CAPITAL WORLD GR&INC A 0.01% 137 $10K New
FEP First Trust Europe 0.01% 203 $10K No change
XOP SS SPDR S&P Og Exp & Prod 0.01% 74 $9K No change
NJAN Innovator Growth 100 Power B 0.01% 183 $9K No change
TSCO Tractor Supply Company 0.01% 170 $9K No change
SVM Silvercorp Metals Inc. 0.01% 2,000 $9K New
AHTFX Amer FNDS Hi-Inc. TRST-F1 filed as AMERICAN FUNDS AMERICAN HIGH-INC F1 0.01% 910 $9K New
XUSP Innovator Uncapped Acc US Eq 0.01% 211 $9K No change
ARCC Ares Capital Corp. 0.01% 400 $9K New
ORCL Oracle Corp. 0.01% 39 $9K Reduce -49.4%
EFV iShares MSCI Eafe Value ETF 0.01% 133 $8K No change
FGD First Trust DJ GL Sel DVD 0.01% 297 $8K No change
AIVSX Amer FND Inv Co. of Am-A filed as AMERICAN FUNDS INVMT CO OF AMER A 0.01% 129 $8K New
EQX Equinox Gold Corp. 0.01% 1,400 $8K New
DIISX BNYM Intl STK Indx-Inv filed as BNY MELLON INTERNATIONAL STOCK INDEX INV 0.01% 349 $8K New
HAINX Harbor International-Inst 0.01% 150 $8K No change
DISSX BNYM Smallcap STCK Indx-Inv filed as BNY MELLON SMALL CAP STOCK INDEX INV 0.01% 338 $8K New
FJP First Trust Japan 0.01% 132 $8K No change
RSST Return Stacked US SM FTR ETF 0.01% 339 $8K No change
T AT&T Inc. 0.01% 263 $8K No change
CAH Cardinal Health Inc. 0.01% 46 $8K No change
VCSH Vanguard S/T Corp. Bond ETF 0.01% 93 $7K Reduce -3.1%
WMB Williams Cos Inc. 0.01% 125 $7K New
TBJL Innovator 20 YR T Bond 9 Buf 0.01% 369 $7K No change
TFJL Innovator 20 YR Treas Bond 5 0.01% 360 $7K No change
FPF First TR Interm Dur & Inc. 0.01% 386 $7K Reduce -2.8%
FOSFX Fidelity Overseas Fund-RTL 0.01% 95 $7K No change
EISIX Carillon Clrvst Intl STK-I 0.01% 257 $7K New
MINT PIMCO Enhanced Short Maturit 0.01% 70 $7K Reduce -2.8%
FLC Flaherty & Crumrine TTL RTRN 0.01% 414 $7K Reduce -2.8%
RIV Rivernorth Opportunities 0.01% 537 $7K No change
NEWP New Pacific Metals Corp. 0.01% 4,500 $7K New
QYLD Global X Nasd 100 Cov Call 0.01% 395 $7K No change
FLTR Vaneck Ig Floating Rate ETF 0.01% 259 $7K Reduce -3.0%
LUV Southwest Airlines Co. 0.01% 190 $6K New
FVD First Trust Value Line DVD 0.01% 140 $6K No change
ETJ Eaton Vance RSK-MGD Divers 0.01% 697 $6K No change
XBOC Innovator US Eqy Acc 9 Buff 0.01% 197 $6K No change
FNX First Trust Mid Cap Core Alp 0.01% 53 $6K No change
GLU Gabelli GLBL Util & Inc. TR 0.01% 348 $6K No change
AMAT Applied Materials Inc. 0.01% 33 $6K Reduce -47.6%
RA Brookfield Real Assets Incom 0.01% 422 $6K No change
PFN PIMCO Income Strategy FD II 0.01% 751 $6K No change
IJR iShares Core S&P Small-Cap E 0.01% 50 $6K No change
GM General Motors Co. 0.01% 105 $5K New
BFAFX The BND FND of America-F1 0.01% 470 $5K New
UPS United Parcel Service Class B 0.01% 50 $5K New
RATE Global X Interest Rate Hedge 0.01% 292 $5K Add +0.3%
FRBP Franklin BSP Capital Corp. 0.00% 356 $5K No change
MWTRX TCW Metwest TTL RTRN BND-M filed as Metropolitan West Total Return 0.00% 541 $5K New
WBFFX Af Cap WRLD BND-F1 filed as AMERICAN FUNDS CAPITAL WORLD BOND F1 0.00% 293 $5K New
FBGRX Fidelity Blue Chip Growth 0.00% 20 $5K No change
BSXGF Belo Sun Mining Corp. 0.00% 21,000 $5K New
RCS PIMCO Strategic Income Fund 0.00% 650 $5K New
CSRSX Cohen & Steers Realty-L 0.00% 66 $4K New
COF Capital One Financial Corp. 0.00% 20 $4K No change
CRM Salesforce Inc. 0.00% 15 $4K New
ABBV Abbvie Inc. 0.00% 21 $4K No change
ET Energy Transfer LP 0.00% 220 $4K New
CAOS Alpha Architect Tail Risk 0.00% 44 $4K No change
DTM DT Midstream Inc. 0.00% 37 $4K No change
ASTS Ast Spacemobile Inc. 0.00% 83 $4K Add +38.3%
FXH First Trust Health Care Alph 0.00% 34 $4K No change
CB Chubb Ltd. 0.00% 12 $3K New
DREGX Driehaus Emerg MKTS GRW-Inv 0.00% 81 $3K New
FLEU Franklin Ftse Eurozone ETF 0.00% 109 $3K No change
SLV iShares Silver Trust 0.00% 100 $3K New
XBAP Innovator US Eqy Accel 9 Buf 0.00% 89 $3K No change
QCOM Qualcomm Inc. 0.00% 20 $3K No change
XBJL Inn US Eq Acc 9 Buff July 0.00% 89 $3K No change
NOCT Innovator Growth-100 Power B 0.00% 57 $3K No change
EOD Allspring Global Dividend Op 0.00% 558 $3K No change
FDNI First Trust Dow Jones Intl 0.00% 87 $3K No change
KOCT Innovator U.S. Small Cap Pow 0.00% 94 $3K No change
F Ford Motor Co. filed as FORD MTR CO 0.00% 250 $3K Reduce -80.8%
SSO Proshares Ultra S&P500 0.00% 28 $3K New
OXY Occidental Petroleum Corp. 0.00% 60 $3K New
FBRT Franklin BSP Realty Trust Inc. 0.00% 234 $3K No change
NEE Nextera Energy Inc. 0.00% 34 $3K No change
MAR Marriott International Class A 0.00% 9 $3K New
USB US Bancorp 0.00% 50 $2K New
XMMO Invesco S&P Midcap Momentum 0.00% 18 $2K No change
PG The Procter & Gamble Co. 0.00% 14 $2K No change
RFDA Alps Dynamic US Dividend Adv 0.00% 39 $2K No change
KMB Kimberly-Clark Corp. 0.00% 16 $2K No change
KHC The Kraft Heinz Co. 0.00% 77 $2K Add +1.3%
JNJ Johnson & Johnson 0.00% 13 $2K Reduce -35.0%
PONY Pony AI Inc. 0.00% 152 $2K New
CCL Carnival Corp. 0.00% 70 $2K New
ICBMX Icon NTRL Res & Infr-Inst filed as ICON NATURAL RESOURCES AND INFRAS INSTL 0.00% 117 $2K New
FDX FedEx Corp. 0.00% 8 $2K Reduce -61.9%
VOOG Vanguard S&P 500 Growth ETF 0.00% 5 $2K Reduce -95.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.00% 55 $2K New
PBLAX Principal Blue Chip-A 0.00% 40 $2K No change
PFE Pfizer Inc. 0.00% 75 $2K New
INDI Indie Semiconductor Inc. Class A 0.00% 464 $2K No change
JANH Innov Prem Inc. 20 Barr - Jan 0.00% 68 $2K Reduce -12.8%
KIE SS SPDR S&P Insurance ETF 0.00% 28 $2K No change
ENB Enbridge Inc. 0.00% 37 $2K New
PRU Prudential Financial Inc. 0.00% 15 $2K New
GE General Electric filed as GE AEROSPACE 0.00% 6 $1K New
PREMX T Rowe PR Emrg MKTS BND-Inv 0.00% 158 $1K New
DAL Delta Air Lines Inc. 0.00% 30 $1K New
PRIORITY INCOME FUND INC CLASS R 0.00% 138 $1K No change
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.00% 34 $1K New
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 3 $1K No change
BTI British American Tob-SP ADR 0.00% 25 $1K New
APAM Artisan Partners Asset Ma -A 0.00% 25 $1K New
CEMVX Causeway Emerging MKTS-Inv 0.00% 86 $1K No change
TDIV FT Nasdaq Tech DVD Index FD 0.00% 12 $1K No change
PRJQX Pgim Jenn GLBL Opport-Q 0.00% 21 $997 No change
PBYI Puma Biotechnology Inc. 0.00% 250 $898 New
MGIAX MFS Internation Int Equ FD-A 0.00% 21 $876 No change
KMI Kinder Morgan Inc. 0.00% 30 $850 New
CTXR Citius Pharmaceuticals Inc. 0.00% 435 $827 No change
FDLO Fidelity Low Volat Fact ETF 0.00% 13 $819 No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.00% 11 $799 New
TRGLX T Rowe PR Global Stock-I 0.00% 11 $753 New
IWR iShares Russell Mid-Cap ETF 0.00% 8 $741 No change
RTH Vaneck Retail ETF 0.00% 3 $721 No change
WBD Warner Bros Discovery Inc. 0.00% 63 $689 No change
MDIZX MFS Intl Diversificat-R6 0.00% 25 $680 No change
PYLD PIMCO Multisector Bond Actv 0.00% 25 $660 New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 5 $626 New
SGIIX First Eagle Global-I 0.00% 8 $625 New
CTCAX Columbia GLBL Tech Grwth-A 0.00% 6 $605 No change
WBA Walgreens Boots Alliance Inc. 0.00% 50 $575 New
DFE Wisdomtree Eur S/C Dividend 0.00% 8 $560 No change
COP Conocophillips 0.00% 6 $552 New
LITE Lumentum Holdings Inc. 0.00% 6 $549 New
HTRB Hartford TTL RTRN BND ETF 0.00% 16 $542 New
IBB iShares Biotechnology ETF 0.00% 4 $511 No change
GEV GE Vernova Inc. 0.00% 1 $506 New
HTGC Hercules Capital Inc. 0.00% 25 $459 New
TGT Target Corp. 0.00% 4 $415 New
RHHBY Roche Holdings Ltd.-Spons ADR 0.00% 10 $412 New
VIG Vanguard Dividend Apprec ETF 0.00% 2 $412 No change
DLSNX Doubleline Low Dur BND-N 0.00% 40 $389 No change
JMGRX Janus Hndrsn Enterprise-I filed as JANUS ENTERPRISE 0.00% 3 $371 New
EES Wisdomtree US Smallcap Fund 0.00% 7 $364 No change
CGGR Cap Group Growth Equity 0.00% 9 $362 New
IJH iShares Core S&P Midcap ETF 0.00% 5 $314 No change
HYBL SS Blackstone High Inc. ETF 0.00% 11 $313 New
JAAA Janus Henderson Aaa Clo ETF 0.00% 6 $303 New
FDN First Trust DJ Internet Ind 0.00% 1 $266 No change
PARAA Paramount Global Class B 0.00% 20 $263 New
CORBF Global Cord Blood Corp. 0.00% 165 $239 No change
PBDAX PIMCO Inv GRD CRD BND-A 0.00% 23 $206 No change
CLNE Clean Energy Fuels Corp. 0.00% 100 $198 New
NTIAX Columbia Mid Cap Index-A 0.00% 13 $189 No change
VUBFX Vanguard Ultra-S/T BND-Inv 0.00% 18 $182 New
DFJ Wisdomtree JPN S/C DVD Fund 0.00% 2 $172 No change
FBT First Trust Nyse Arca Biotec 0.00% 1 $162 No change
GEHC GE Healthcare Technology 0.00% 2 $152 New
FANAX Fidelity Advisor Energy-A 0.00% 3 $139 No change
EAFAX Eaton Vance FLNG RT Adv-A 0.00% 14 $137 No change
IPG Interpublic Group of Cos Inc. 0.00% 5 $126 No change
XSOE Wisdmtree Emerg MKT Ex-St Ow 0.00% 3 $103 No change
VTRS Viatris Inc. 0.00% 9 $83 New
EEIAX Eaton Vance Emr MRK LCL-A 0.00% 8 $29 No change
TINCORP METALS INC F 0.00% 100 $11 New
AMPE Ampio Pharmaceuticals Inc. 0.00% 4 $0 New
VITFF Victoria Gold Corp. 0.00% 1,300 $0 New
CLEUF China Liberal Education Hold 0.00% 1 $0 No change
Other holdings (15): bonds, preferreds, convertibles and warrants · $185K (not counted above)
SecurityClassShares / PrincipalValueChange
JPMORGAN CHASE BANK 0PCT26CD FDIC INS DUE 09/03/26US NON-MARKETPLACE CDS · principal 75,000$72KNo change
IBM CORP (IBM 7 10/30/25) CORPORATE BONDS · principal 20,000$20KNo change
PUGET SOUND ENER 7.02PCT27 DUE 12/01/27 CORPORATE BONDS · principal 15,000$16KNo change
KALAMAZOO MICH HOSP 4pct31SYST HLTH DUE 05/15/31XTRO MUNI BONDS · principal 10,000$10KNo change
MICHIGAN FIN AUT 3.26PCT31REV UTX DUE 11/01/31XTRO TAXBL MUNI BONDS · principal 10,000$10KNo change
MICHIGAN FIN AUTH R 3PCT33SYST HLTH DUE 11/15/33OID XTRO MUNI BONDS · principal 10,000$9KNo change
WAYNE ST UNIV MIC 2.5PCT30PUB EDUC DUE 11/15/30OID MUNI BONDS · principal 10,000$9KNo change
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock 400$8KNo change
WAYNE CNTY MICH ARP 5PCT27AIR TRAN DUE 12/01/27XTRO MUNI BONDS · principal 5,000$5KNo change
MICHIGAN FIN AUTH R 5PCT34POOL AUTH DUE 05/01/34 MUNI BONDS · principal 5,000$5KNo change
WAYNE CNTY MICH ARP 5PCT33AIR TRAN DUE 12/01/33XTRO AMT MUNI BONDS · principal 5,000$5KNo change
LAKE SUPERIOR ST UN 4PCT32PUB EDUC DUE 01/15/32 MUNI BONDS · principal 5,000$5KNo change
MICHIGAN FIN AU 3.125PCT33SYST HLTH DUE 12/01/33OID XTRO MUNI BONDS · principal 5,000$5KNo change
SMITH CONS DRAI 2.625PCT34REV LTX DUE 05/01/34OID MUNI BONDS · principal 5,000$4KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 7$150New

Total filed on the 13F, all lines: $100.9M.

Portfolio Sells Q1 2025 → Q2 2025
TFLO iShares Treasury Floating Ra Reduce -65.9% 11.65% −25.46
GLDM SPDR Gold Minishares Trust Sold out 0.00% −4.01
XLE SS Energy Select Sector Reduce -96.8% 0.03% −1.23
PNOV Innovator U.S. Equity Power Reduce -8.2% 5.67% −0.65
XLF SS Financial Select Sector Reduce -35.2% 0.81% −0.47
XLC SS Comm Select Sector SPDR Reduce -38.1% 0.79% −0.45
PFEB Innovator U.S. Equity Power Sold out 0.00% −0.27
PAUG Innovator U.S. Equity Power Sold out 0.00% −0.23
NNOV Innovator G-100 PB ETF - Nov Reduce -8.0% 2.33% −0.19
AAPL Apple Inc. Reduce -0.4% 0.61% −0.11
XLV SS Health Care Select Sector Reduce -1.9% 0.64% −0.10
BRK.B Berkshire Hathaway Inc. Class B Reduce -13.5% 0.23% −0.08
CTA Simplify Managed Futures St Reduce -1.3% 0.36% −0.08
SFLR Innovator Eqty MGD Floor ETF Reduce -0.2% 3.94% −0.07
INOV Inno Int Dev Power Buff Nov Reduce -5.8% 0.85% −0.07
QQQ Invesco QQQ Trust Series 1 Reduce -29.2% 0.16% −0.05
SCHG Schwab US Large-Cap Growth Sold out 0.00% −0.04
SVOL Simplify Volatility Premium Reduce -0.4% 0.42% −0.04
TBIL F/M US Treasury 3 Month Bill Reduce -1.2% 0.36% −0.04
VOOG Vanguard S&P 500 Growth ETF Reduce -95.0% 0.00% −0.03
QRMI Global X Nasdaq 100 Risk Man Reduce -0.6% 0.24% −0.03
BILS SS Spdrb B 3-12M T-Bill ETF Reduce -11.4% 0.14% −0.03
TLTW iShares 20+ Bond Buywrite Reduce -4.1% 0.18% −0.03
KAPR Innovator U.S. Small Cap Pow Reduce -5.7% 0.25% −0.02
HYGW iShares HY Corp. BD Buywr ETF Reduce -8.8% 0.10% −0.02
XRMI Global X S&P 500 Risk Manage Reduce -2.2% 0.13% −0.02
JEPI JPMorgan Equity Premium Inco Reduce -3.0% 0.12% −0.01
SPHD Invesco S&P 500 High Dividen Reduce -7.7% 0.06% −0.01
FTRBX Fed Herm TTL RTRN BND-Inst Sold out 0.00% −0.01
RYLD Global X Russell 2000 Cov Class Reduce -1.9% 0.09% −0.01
SCHV Schwab US Large-Cap Value Sold out 0.00% −0.01
F Ford Motor Co. Reduce -80.8% 0.00% −0.01
IYR iShares US Real Estate ETF Reduce -8.2% 0.06% −0.01
SPHQ Invesco S&P 500 Quality ETF Sold out 0.00% −0.01
PFIX Simplify Interest Rate Hedge Reduce -7.1% 0.18% −0.01
UUP Invesco DB US Dollar Index B Reduce -8.3% 0.04% −0.01
ALTY Global X Alternative Income Reduce -6.8% 0.05% −0.01
JULH Innov Prem Inc. 20 Barr-July Reduce -6.2% 0.05% −0.01
AMZN Amazon.com Inc. Reduce -37.0% 0.01% −0.01
PRCOX T Rowe PR US Eqty Resear-Inv Sold out 0.00% −0.01
SWPPX Schwab S&P 500 Index-Sel Sold out 0.00% −0.01
LBNYX Lord Abbett BND Debentur-I Sold out 0.00% −0.01
PRMTX T Rowe PR Comm & Tech-Inv Sold out 0.00% −0.01
XLB SS Materials Select Sector Reduce -7.0% 0.05% −0.01
GDX Vaneck Gold Miners ETF Reduce -15.7% 0.04% −0.01
IEF iShares 7-10 Year Treasury B Reduce -11.4% 0.02% −0.01
FHCOX Fed HRM Conser Microshrt-Is Sold out 0.00% −0.00
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -5.5% 0.04% −0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -9.4% 0.03% −0.00
SFLNX Schwab Fndmntl US LRG Comp Sold out 0.00% −0.00

Portfolio Buys Q1 2025 → Q2 2025
QQQM Invesco Nasdaq 100 ETF New 7.01% +7.01
VOO Vanguard S&P 500 ETF Add +154562.5% 6.97% +6.97
VTI VG Morningstar TS MKT ETF-US Add +8287.7% 3.29% +3.25
VYM Vanguard High DVD Yield ETF Add +8367.0% 3.29% +3.25
SPMD SS SPDR P S&P 400 Midcap ETF New 3.20% +3.20
GLD SPDR Gold Shares Add +93.8% 6.49% +3.07
XLK SS Technology Select Sector Add +125.2% 1.36% +0.82
XLI SS Industrial Select Sector Add +1438.8% 0.80% +0.75
XLU St Sr Utl SL SE SPDR ETF-Usd Add +969.1% 0.81% +0.73
XLY SS Consumer Disc Select Sect Add +835.8% 0.80% +0.71
XLP SS Consumer Staples Sel Sect Add +141.3% 1.23% +0.68
SGOL Abrdn Physical Gold Shares Add +12.5% 4.23% +0.41
FXAIX Fidelity 500 Index Fund New 0.37% +0.37
PMAY Innovator U.S. Equity Power New 0.28% +0.28
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +17.1% 1.60% +0.26
NVDA Nvidia Corp. Add +1.4% 1.04% +0.24
POCT Innovator U.S. Equity Power New 0.20% +0.20
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +17.6% 1.19% +0.18
VB Vanguard Most SM-Cap ETF-Usd Add +18.2% 1.16% +0.17
TLT iShares 20+ Year Treasury BD Add +16.9% 4.20% +0.15
FSPSX Fidelity Intl Indx New 0.14% +0.14
GFAFX Amer FND GRW FD of Am-F1 New 0.08% +0.08
AMPFX Amcap Fund F-1 New 0.07% +0.07
ABNDX The BND FND of America-A New 0.06% +0.06
AFIFX Amer FND Fndmntl Invst-F1 New 0.06% +0.06
OWL Blue Owl Capital Inc. New 0.06% +0.06
AMECX Amer FNDS Inc. of Amer-A New 0.06% +0.06
TWCUX American Century Ultra-Inv New 0.06% +0.06
MSFT Microsoft Corp. Add +13.5% 0.21% +0.05
AEM Agnico Eagle Mines Ltd. New 0.05% +0.05
AWSHX Amer FND Wash MTL Inv-A New 0.05% +0.05
AMRMX American Mutual Fund-A New 0.05% +0.05
ABALX American Balanced Fund-A New 0.04% +0.04
IBM Intl Business Machines Corp. New 0.04% +0.04
CAIBX Amer FNDS Cap Inc. BLDR-A New 0.04% +0.04
CDE Coeur Mining Inc. New 0.04% +0.04
QTUM Defiance Quantum ETF New 0.04% +0.04
IGV iShares Expanded Tech-Softwa New 0.04% +0.04
AIBAX Am FND Intm BND FD Am-A New 0.03% +0.03
MAG Mag Silver Corp. New 0.03% +0.03
PEOPX BNYM S&P 500 Index New 0.03% +0.03
UCO Proshares Ultra Bloomberg CR New 0.03% +0.03
EXEL Exelixis Inc. Add +2740.0% 0.03% +0.03
TORXF Torex Gold Resources Inc. New 0.03% +0.03
NWFFX Amer FNDS New World-F1 New 0.03% +0.03
SCHX Schwab US Large-Cap ETF New 0.02% +0.02
FSM Fortuna Mining Corp. New 0.02% +0.02
FSSNX Fidelity SM Cap Indx Prem New 0.02% +0.02
JMCVX JNS Hndrsn Mid Cap Val-T New 0.02% +0.02
AGTHX Amer FND GRW FD of Am-A New 0.02% +0.02

Notes & Other Activity Q1 2025 → Q2 2025
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 New 7 $150
PCLAX PIMCO CP and BD Alp FD-A Usd NTF EQUITY FUNDS New 0 $0

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 346$88.4MTFLO, VOO, UTWO, SGOL, SHV
Q1 2026 78$74.8MTFLO, SHV, SGOL, UTWO, VOO
Q4 2025 258$80.9MTFLO, VOO, SGOL, UTWO, SHV
Q3 2025 326$114.1MTFLO, GLD, QQQM, VOO, SGOL
Q2 2025 331$100.7MTFLO, QQQM, VOO, GLD, PNOV
Q1 2025 241$92.7MTFLO, PNOV, SHV, TLT, SFLR
Q4 2024 224$57.0MTFLO, TLT, SGOL, SHV, GLDM