Luminist Capital LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Luminist Capital LLC reported 326 stock positions worth $114.1 million. Its top holding was iShares Treasury Floating Ra (TFLO) at 7.3% of the portfolio, followed by SPDR Gold Shares (GLD, 7.2%) and Invesco Nasdaq 100 ETF (QQQM, 6.6%). Compared with Q2 2025, it opened 72 new positions, sold out of 77, added to 58 and reduced 49. The biggest buy was a new position in F/M US Treasury 2 Year Note (UTWO) and the biggest sale iShares Treasury Floating Ra (TFLO, shares −29%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001807270
Portfolio Value
$114.1M (Q3 2025)
SEC Filing
0001807270-25-000007 ↗ filed Nov 14, 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 Q2 2025 Q3 2025: $114.1M $114.1M Q3 2025 Q4 2025: $80.9M Q4 2025 Q1 2026: $74.8M Q1 2026 Q2 2026: $88.4M Q2 2026

Holdings 326 stocks · $114.1M
TFLO iShares Treasury Floating Ra 7.34% 166,047 $8.4M Reduce -28.6%
GLD SPDR Gold Shares 7.16% 22,957 $8.2M Add +7.5%
QQQM Invesco Nasdaq 100 ETF 6.63% 30,485 $7.6M Reduce -2.9%
VOO Vanguard S&P 500 ETF 6.26% 11,624 $7.1M Reduce -6.0%
SGOL Abrdn Physical Gold Shares 4.47% 138,289 $5.1M Add +3.3%
UTWO F/M US Treasury 2 Year Note 3.97% 93,386 $4.5M New
SHV iShares 0-1 Year Treasury Bo 3.86% 39,937 $4.4M Reduce -5.0%
VYM Vanguard High DVD Yield ETF 3.33% 26,926 $3.8M Add +9.3%
KNOV Inn US SML CP Pow B ETF - No 3.21% 132,642 $3.7M Reduce -12.0%
PAUG Innovator U.S. Equity Power 3.10% 83,271 $3.5M New
VTI VG Morningstar TS MKT ETF-US 3.05% 10,558 $3.5M Reduce -3.2%
SPMD SS SPDR P S&P 400 Midcap ETF 2.87% 56,989 $3.3M Reduce -2.7%
DDTL Invtr Eq D Di 10 B ETF - Jul 2.72% 151,444 $3.1M New
EEM iShares MSCI Emerging Market 2.44% 51,707 $2.8M Add +13365.4%
WMT Walmart Inc. 2.13% 23,611 $2.4M Add +11.4%
PNOV Innovator U.S. Equity Power 1.71% 47,444 $1.9M Reduce -67.2%
KSEP Inv US SML Cap P B ETF - Sep 1.69% 70,232 $1.9M New
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.67% 6,159 $1.9M Add +8.8%
NJUL Innovator Growth 100 Power B 1.43% 22,928 $1.6M New
XLK SS Technology Select Sector 1.36% 5,453 $1.6M Add +0.0%
XLY SS Consumer Disc Select Sect 1.25% 9,955 $1.4M Add +170.0%
VB Vanguard Most SM-Cap ETF-Usd 1.21% 5,425 $1.4M Add +11.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.21% 4,710 $1.4M Add +10.8%
NAUG Innov G-100 Powr BF ETF -Aug 1.20% 47,317 $1.4M New
NVDA Nvidia Corp. 1.17% 7,160 $1.3M Add +4.9%
SFLR Innovator Eqty MGD Floor ETF 1.13% 35,675 $1.3M Reduce -69.8%
XLI SS Industrial Select Sector 0.79% 5,870 $903K Add +8.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.77% 9,923 $874K Reduce -0.4%
XLB SS Materials Select Sector 0.76% 9,788 $868K Add +1823.0%
XLC SS Comm Select Sector SPDR 0.73% 7,159 $836K Reduce -3.3%
XLF SS Financial Select Sector 0.72% 15,391 $822K Reduce -0.7%
XLE SS Energy Select Sector 0.71% 9,085 $812K Add +2176.9%
XLRE SS Real Estate Select Sector 0.71% 19,136 $806K Add +7345.9%
AAPL Apple Inc. 0.70% 3,153 $804K Add +5.7%
XLV SS Health Care Select Sector 0.68% 5,420 $778K Add +14.5%
IJUL Innovator International Deve 0.61% 21,364 $698K New
NNOV Innovator G-100 PB ETF - Nov 0.60% 23,958 $683K Reduce -72.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.54% 7,591 $616K Add +1471.6%
QQQ Invesco QQQ Trust Series 1 0.50% 944 $568K Add +213.6%
SLV iShares Silver Trust 0.49% 13,227 $561K Add +13127.0%
FLOT iShares Floating Rate Bond E 0.46% 10,224 $522K New
QFLR Innovator Nasdaq-100 MF ETF 0.44% 15,018 $498K Reduce -74.0%
PFF iShares Preferred & Income S 0.37% 13,308 $421K Add +1662.7%
KJUL Innovator U.S. Small Cap Pow 0.37% 13,502 $418K New
AGG iShares Core U.S. Aggregate 0.36% 4,120 $413K New
CTA Simplify Managed Futures St 0.35% 14,561 $405K Add +6.9%
PSEP Innovator U.S. Equity Power 0.33% 8,874 $381K New
SVOL Simplify Volatility Premium 0.33% 20,872 $379K Reduce -10.4%
VXUS Vanguard Total Intl Stock 0.33% 5,072 $373K New
IAUG Innov in DVLP PWRB ETF - Aug 0.32% 13,274 $370K New
VCIT Vanguard Int-Term Corporate 0.32% 4,396 $370K New
SHYG iShares 0-5 YR HY Corp. Bond 0.32% 8,499 $368K New
USFR Wisdomtree Floating Rate Tre 0.32% 7,272 $366K Add +287.6%
TLT iShares 20+ Year Treasury BD 0.32% 4,085 $365K Reduce -91.5%
RFLR Innovator US S Cap MNG F ETF 0.30% 12,416 $344K Reduce -85.8%
BNDX Vanguard Total Intl Bond ETF 0.28% 6,500 $321K New
LMBS First Trust Low Duration Opp 0.26% 5,936 $296K No change
MSFT Microsoft Corp. 0.25% 538 $280K Add +25.7%
NSEP Innovator G100 PB ETF-Sep 0.24% 9,476 $272K New
QRMI Global X Nasdaq 100 Risk Man 0.23% 16,159 $257K Add +7.4%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 463 $231K No change
VUSB Vanguard Ultra Short Bond Et 0.20% 4,583 $229K New
KAPR Innovator U.S. Small Cap Pow 0.19% 6,426 $220K Reduce -18.3%
GOOGL Alphabet Inc. Class A 0.19% 895 $219K Add +40.1%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.19% 540 $217K New
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.19% 1,537 $212K New
GHYG iShares Us&intl High Yield C 0.18% 4,355 $202K No change
FTCS First Trust Capital Strength 0.16% 1,977 $184K No change
DFEB FT Vest U.S. Equity Deep Buf 0.15% 3,579 $167K No change
TLTW iShares 20+ Bond Buywrite 0.15% 7,097 $166K Reduce -7.6%
FEBW Alianzim US Eq BFR20 Feb-Usd 0.14% 4,904 $163K No change
VBTLX Vanguard TTL BD MKT Idx-Adm 0.12% 14,472 $142K New
OVL Overlay Shares Large Cap Eq 0.12% 2,652 $139K Add +590.6%
YGLD Simplify Gold Strategy ETF 0.12% 3,424 $139K New
PFIX Simplify Interest Rate Hedge 0.12% 2,860 $137K Reduce -15.4%
XRMI Global X S&P 500 Risk Manage 0.11% 7,376 $131K Add +0.6%
VTSAX VNGD Mrngst TS MK Idx FD-Adm filed as VANGUARD TOTAL STOCK MKT IDX ADM 0.11% 804 $129K New
JEPI JPMorgan Equity Premium Inco 0.11% 2,128 $121K Reduce -3.6%
GDX Vaneck Gold Miners ETF 0.11% 1,567 $121K Add +100.4%
IBIT iShares Bitcoin Trust ETF 0.10% 1,728 $115K Add +60.3%
TBIL F/M US Treasury 3 Month Bill 0.10% 2,281 $114K Reduce -68.8%
COST Costco Wholesale Corp. 0.10% 119 $109K Reduce -8.5%
HYGW iShares HY Corp. BD Buywr ETF 0.09% 3,552 $108K Add +10.8%
QTUM Defiance Quantum ETF 0.09% 996 $106K Add +138.3%
VTIAX Vanguard TTL Int St Idx-Adm 0.08% 2,356 $94K New
RYLD Global X Russell 2000 Cov Class 0.08% 6,130 $93K Reduce -1.1%
MCD McDonald's Corp. 0.08% 292 $88K No change
IGV iShares Expanded Tech-Softwa 0.08% 751 $86K Add +114.6%
CADUX Cion Ares Divers Cred-I 0.07% 3,103 $79K Add +2.1%
SPYG SS SPDR P S&P 500 Growth ETF 0.06% 663 $70K No change
TSLA Tesla Inc. 0.06% 150 $69K New
PKW Invesco Buyback Achievers Et 0.06% 521 $69K No change
FTXL First Trust Nasdaq Semicondu 0.06% 594 $68K No change
IWM iShares Russell 2000 ETF 0.06% 279 $68K Add +45.3%
FDL First Trust Morn DVD Lead Inc. 0.06% 1,481 $65K No change
EMB iShares JP Morgan Usd Emergi 0.06% 681 $65K Add +144.1%
FTC First Trust Large Cap Growth 0.06% 403 $65K No change
META Meta Platforms Inc. Class A 0.06% 89 $64K Add +394.4%
XLG Invesco S&P 500 Top 50 ETF 0.06% 1,095 $63K No change
AVGO Broadcom Inc. 0.05% 187 $62K Add +274.0%

Show all 326 holdings

Other holdings (17): bonds, preferreds, convertibles and warrants · $1.7M (not counted above)
SecurityClassShares / PrincipalValueChange
SWVXX Schwa Prime Adv Money FD-Inv SCHWAB NON-SWEEP MMF · principal 1,454,557$1.5MNew
JPMORGAN CHASE BANK 0PCT26CD FDIC INS DUE 09/03/26US NON-MARKETPLACE CDS · principal 75,000$76KNo change
SNVXX Schwab Govt MNY FND-Inv SCHWAB NON-SWEEP MMF · principal 53,100$53KNew
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 AUTH R 3PCT33SYST HLTH DUE 11/15/33OID XTRO 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
WAYNE ST UNIV MIC 2.5PCT30PUB EDUC DUE 11/15/30OID MUNI BONDS · principal 10,000$10KNo change
MICHIGAN FIN AUTH R 5PCT34POOL AUTH DUE 05/01/34 MUNI BONDS · principal 5,000$5KNo change
WAYNE CNTY MICH ARP 5PCT27AIR TRAN DUE 12/01/27XTRO 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$5KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 7$180No change
RIVERNORTH OPPORTUNI-RT RIGHT 10/06/2025 537$5No change

Total filed on the 13F, all lines: $115.8M.

Portfolio Sells Q2 2025 → Q3 2025
TFLO iShares Treasury Floating Ra Reduce -28.6% 7.34% −4.31
PNOV Innovator U.S. Equity Power Reduce -67.2% 1.71% −3.96
TLT iShares 20+ Year Treasury BD Reduce -91.5% 0.32% −3.88
SFLR Innovator Eqty MGD Floor ETF Reduce -69.8% 1.13% −2.81
RFLR Innovator US S Cap MNG F ETF Reduce -85.8% 0.30% −1.89
NNOV Innovator G-100 PB ETF - Nov Reduce -72.0% 0.60% −1.73
QFLR Innovator Nasdaq-100 MF ETF Reduce -74.0% 0.44% −1.27
XLP SS Consumer Staples Sel Sect Sold out 0.00% −1.23
INOV Inno Int Dev Power Buff Nov Sold out 0.00% −0.85
SHV iShares 0-1 Year Treasury Bo Reduce -5.0% 3.86% −0.74
VOO Vanguard S&P 500 ETF Reduce -6.0% 6.26% −0.71
KNOV Inn US SML CP Pow B ETF - No Reduce -12.0% 3.21% −0.60
QQQM Invesco Nasdaq 100 ETF Reduce -2.9% 6.63% −0.38
FXAIX Fidelity 500 Index Fund Sold out 0.00% −0.37
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -2.7% 2.87% −0.33
PMAY Innovator U.S. Equity Power Sold out 0.00% −0.28
TBIL F/M US Treasury 3 Month Bill Reduce -68.8% 0.10% −0.26
VTI VG Morningstar TS MKT ETF-US Reduce -3.2% 3.05% −0.24
POCT Innovator U.S. Equity Power Sold out 0.00% −0.20
FSPSX Fidelity Intl Indx Sold out 0.00% −0.14
UNH Unitedhealth Group Inc. Reduce -95.5% 0.01% −0.14
BILS SS Spdrb B 3-12M T-Bill ETF Reduce -64.9% 0.04% −0.10
XLF SS Financial Select Sector Reduce -0.7% 0.72% −0.09
SVOL Simplify Volatility Premium Reduce -10.4% 0.33% −0.09
GFAFX Amer FND GRW FD of Am-F1 Sold out 0.00% −0.08
AMPFX Amcap Fund F-1 Sold out 0.00% −0.07
AFIFX Amer FND Fndmntl Invst-F1 Sold out 0.00% −0.06
KAPR Innovator U.S. Small Cap Pow Reduce -18.3% 0.19% −0.06
AMECX Amer FNDS Inc. of Amer-A Sold out 0.00% −0.06
XLC SS Comm Select Sector SPDR Reduce -3.3% 0.73% −0.06
TWCUX American Century Ultra-Inv Sold out 0.00% −0.06
PFIX Simplify Interest Rate Hedge Reduce -15.4% 0.12% −0.06
ABNDX The BND FND of America-A Reduce -80.4% 0.01% −0.05
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −0.05
AMRMX American Mutual Fund-A Sold out 0.00% −0.05
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -0.4% 0.77% −0.04
SPHD Invesco S&P 500 High Dividen Reduce -66.6% 0.02% −0.04
CAIBX Amer FNDS Cap Inc. BLDR-A Sold out 0.00% −0.04
CDE Coeur Mining Inc. Sold out 0.00% −0.04
AWSHX Amer FND Wash MTL Inv-A Reduce -79.8% 0.01% −0.04
IYR iShares US Real Estate ETF Reduce -51.4% 0.02% −0.03
AIBAX Am FND Intm BND FD Am-A Sold out 0.00% −0.03
COST Costco Wholesale Corp. Reduce -8.5% 0.10% −0.03
MAG Mag Silver Corp. Sold out 0.00% −0.03
TLTW iShares 20+ Bond Buywrite Reduce -7.6% 0.15% −0.03
PEOPX BNYM S&P 500 Index Sold out 0.00% −0.03
UCO Proshares Ultra Bloomberg CR Sold out 0.00% −0.03
TORXF Torex Gold Resources Inc. Sold out 0.00% −0.03
NWFFX Amer FNDS New World-F1 Sold out 0.00% −0.03
KO The Coca-Cola Co. Sold out 0.00% −0.03

Portfolio Buys Q2 2025 → Q3 2025
UTWO F/M US Treasury 2 Year Note New 3.97% +3.97
PAUG Innovator U.S. Equity Power New 3.10% +3.10
DDTL Invtr Eq D Di 10 B ETF - Jul New 2.72% +2.72
EEM iShares MSCI Emerging Market Add +13365.4% 2.44% +2.42
KSEP Inv US SML Cap P B ETF - Sep New 1.69% +1.69
NJUL Innovator Growth 100 Power B New 1.43% +1.43
NAUG Innov G-100 Powr BF ETF -Aug New 1.20% +1.20
XLB SS Materials Select Sector Add +1823.0% 0.76% +0.72
XLRE SS Real Estate Select Sector Add +7345.9% 0.71% +0.70
XLE SS Energy Select Sector Add +2176.9% 0.71% +0.68
GLD SPDR Gold Shares Add +7.5% 7.16% +0.66
IJUL Innovator International Deve New 0.61% +0.61
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +1471.6% 0.54% +0.50
SLV iShares Silver Trust Add +13127.0% 0.49% +0.49
FLOT iShares Floating Rate Bond E New 0.46% +0.46
XLY SS Consumer Disc Select Sect Add +170.0% 1.25% +0.45
KJUL Innovator U.S. Small Cap Pow New 0.37% +0.37
AGG iShares Core U.S. Aggregate New 0.36% +0.36
PFF iShares Preferred & Income S Add +1662.7% 0.37% +0.35
QQQ Invesco QQQ Trust Series 1 Add +213.6% 0.50% +0.33
PSEP Innovator U.S. Equity Power New 0.33% +0.33
VXUS Vanguard Total Intl Stock New 0.33% +0.33
IAUG Innov in DVLP PWRB ETF - Aug New 0.32% +0.32
VCIT Vanguard Int-Term Corporate New 0.32% +0.32
SHYG iShares 0-5 YR HY Corp. Bond New 0.32% +0.32
BNDX Vanguard Total Intl Bond ETF New 0.28% +0.28
SGOL Abrdn Physical Gold Shares Add +3.3% 4.47% +0.24
NSEP Innovator G100 PB ETF-Sep New 0.24% +0.24
USFR Wisdomtree Floating Rate Tre Add +287.6% 0.32% +0.23
VUSB Vanguard Ultra Short Bond Et New 0.20% +0.20
MGK Vngrd Mrgstr MG CP GR ETF-Ui New 0.19% +0.19
MGV Vngrd Mrgstr MG CP VL ETF-Ui New 0.19% +0.19
NVDA Nvidia Corp. Add +4.9% 1.17% +0.14
VBTLX Vanguard TTL BD MKT Idx-Adm New 0.12% +0.12
YGLD Simplify Gold Strategy ETF New 0.12% +0.12
VTSAX VNGD Mrngst TS MK Idx FD-Adm New 0.11% +0.11
OVL Overlay Shares Large Cap Eq Add +590.6% 0.12% +0.10
AAPL Apple Inc. Add +5.7% 0.70% +0.09
VTIAX Vanguard TTL Int St Idx-Adm New 0.08% +0.08
GOOGL Alphabet Inc. Class A Add +40.1% 0.19% +0.08
WMT Walmart Inc. Add +11.4% 2.13% +0.07
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +8.8% 1.67% +0.07
GDX Vaneck Gold Miners ETF Add +100.4% 0.11% +0.07
TSLA Tesla Inc. New 0.06% +0.06
QTUM Defiance Quantum ETF Add +138.3% 0.09% +0.06
VB Vanguard Most SM-Cap ETF-Usd Add +11.3% 1.21% +0.05
BOXX Alpha Architect 1-3 MNTH Box New 0.05% +0.05
BND Vanguard Total Bond Market New 0.05% +0.05
META Meta Platforms Inc. Class A Add +394.4% 0.06% +0.04
AVGO Broadcom Inc. Add +274.0% 0.05% +0.04

Notes & Other Activity Q2 2025 → Q3 2025
SWVXX Schwa Prime Adv Money FD-Inv SCHWAB NON-SWEEP MMF · principal New 1,454,557 $1.5M
SNVXX Schwab Govt MNY FND-Inv SCHWAB NON-SWEEP MMF · principal New 53,100 $53K
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock Sold out 400 $8Kbefore exit

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