Manchester Financial Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Manchester Financial Inc. reported 130 stock positions worth $499.7 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 17.8% of the portfolio, followed by Invesco Bulletshares 2029 CB (BSCT, 8.3%) and Schwab US Large-Cap ETF (SCHX, 4.9%). Compared with Q2 2025, it opened 17 new positions, sold out of 8, added to 39 and reduced 56. The biggest buy was First Trust Active Factor La (AFLG, shares +29%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- Westlake Village, CA
- CIK
- 0000866590
- Portfolio Value
- $499.7M (Q3 2025)
- SEC Filing
- 0001172661-25-004288 ↗ filed Oct 15, 2025
Holdings Value
Holdings 130 stocks · $499.7M
| SCHB Schwab US Broad Market ETF | 17.76% | 3,452,031 | $88.8M | Reduce -2.2% |
| BSCT Invesco Bulletshares 2029 CB | 8.33% | 2,213,996 | $41.6M | Reduce -3.5% |
| SCHX Schwab US Large-Cap ETF | 4.91% | 931,252 | $24.5M | Reduce -13.5% |
| FDD First Trust Stoxx Europe | 4.63% | 1,431,781 | $23.1M | Add +3.6% |
| BSCS Invesco Bulletshares 2028 CB | 4.08% | 992,106 | $20.4M | Add +1.9% |
| NVDA Nvidia Corp. | 3.95% | 105,675 | $19.7M | Reduce -6.0% |
| AFLG First Trust Active Factor La | 3.92% | 505,168 | $19.6M | Add +28.6% |
| IWL iShares Russell Top 200 ETF | 3.87% | 116,313 | $19.3M | Add +22.3% |
| RSP Invesco S&P 500 Equal Weight | 3.53% | 92,901 | $17.6M | Reduce -37.8% |
| AAPL Apple Inc. | 2.88% | 56,506 | $14.4M | Reduce -4.2% |
| FDL First Trust Morn DVD Lead Inc. | 2.63% | 302,154 | $13.1M | Add +11.6% |
| XMMO Invesco S&P Midcap Momentum | 2.51% | 92,851 | $12.6M | Reduce -10.7% |
| FIIG FT Intermed Dur Ig Corp. ETF | 2.48% | 583,865 | $12.4M | Add +16.3% |
| FTSM First Trust Enh Short Mat FD | 2.46% | 205,000 | $12.3M | Reduce -7.5% |
| SPMO Invesco S&P 500 Momentum ETF | 2.26% | 93,341 | $11.3M | Add +28.8% |
| META Meta Platforms Inc. Class A | 1.29% | 8,796 | $6.5M | Reduce -5.9% |
| SCHM Schwab US Mid Cap ETF | 1.29% | 217,848 | $6.5M | Reduce -44.1% |
| TBIL F/M US Treasury 3 Month Bill | 1.27% | 126,519 | $6.3M | Reduce -1.5% |
| GRID First TRST Nasd Class Edg Sgiif | 1.26% | 41,583 | $6.3M | Reduce -2.3% |
| MSFT Microsoft Corp. | 1.25% | 12,097 | $6.3M | Reduce -0.8% |
| MMSC First Trust Multi-Manager SM | 1.25% | 269,281 | $6.3M | Reduce -2.2% |
| COST Costco Wholesale Corp. | 0.90% | 4,863 | $4.5M | Reduce -10.9% |
| VT Vanguard Tot World STK ETF | 0.89% | 32,359 | $4.5M | Reduce -7.3% |
| RW Rainwater Equity ETF | 0.80% | 157,132 | $4.0M | New |
| PLTR Palantir Technologies Inc. Class A | 0.71% | 19,526 | $3.6M | Reduce -53.4% |
| AMZN Amazon.com Inc. | 0.70% | 15,945 | $3.5M | Add +8.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 4,905 | $3.3M | Add +1.5% |
| EPOL iShares MSCI Poland ETF | 0.61% | 94,405 | $3.0M | Reduce -0.9% |
| RING iShares MSCI Global Gold Min | 0.53% | 40,652 | $2.6M | Add +20.1% |
| TSLA Tesla Inc. | 0.51% | 5,685 | $2.5M | Reduce -0.9% |
| AVGO Broadcom Inc. | 0.50% | 7,579 | $2.5M | Add +13.5% |
| GRW TCW Durable Growth ETF | 0.49% | 76,899 | $2.5M | Reduce -63.5% |
| CSM Proshares Large Cap Core Plu | 0.46% | 30,006 | $2.3M | Add +119.1% |
| HCA HCA Healthcare Inc. | 0.43% | 5,041 | $2.1M | Add +1.9% |
| CEF Sprott Physical Gold and Sil | 0.43% | 58,423 | $2.1M | Add +23.9% |
| IBKR Interactive Brokers Gro Class A | 0.41% | 29,583 | $2.0M | New |
| CRPT FT Skybr Crypt & Dig Econ | 0.39% | 86,523 | $1.9M | Add +22.7% |
| IWV iShares Russell 3000 ETF | 0.38% | 5,051 | $1.9M | No change |
| GOOG Alphabet Inc. Class C | 0.38% | 7,746 | $1.9M | Add +22.3% |
| FLEX Flex Ltd. | 0.38% | 32,395 | $1.9M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 3,581 | $1.8M | Add +20.5% |
| FIX Comfort Systems USA Inc. | 0.36% | 2,171 | $1.8M | New |
| JPM JPMorgan Chase & Co. | 0.36% | 5,649 | $1.8M | Add +20.1% |
| NBSD Neuberger Short Duration Inc. | 0.36% | 34,768 | $1.8M | Reduce -18.1% |
| XLC SS Comm Select Sector SPDR | 0.34% | 14,425 | $1.7M | Add +28.8% |
| RBA RB Global Inc. | 0.34% | 15,545 | $1.7M | New |
| V Visa Inc. Class A | 0.34% | 4,930 | $1.7M | Reduce -31.3% |
| EME Emcor Group Inc. | 0.33% | 2,551 | $1.7M | New |
| EDIV State Street SPDR S&P Emergi | 0.32% | 41,557 | $1.6M | Add +32.5% |
| ULVM Victoryshares US Value Momen | 0.32% | 17,783 | $1.6M | Add +31.1% |
| VZ Verizon Communications Inc. | 0.29% | 33,460 | $1.5M | Reduce -0.8% |
| TIME Clockwise U.S. Core Equity E | 0.29% | 59,451 | $1.5M | Add +30.5% |
| LLY Eli Lilly & Co. | 0.29% | 1,878 | $1.4M | Add +24.9% |
| SHRY First Trust Shareholder YLD | 0.28% | 33,008 | $1.4M | Reduce -49.5% |
| YMAX Yieldmax Universe Fo in Etfs | 0.25% | 98,279 | $1.3M | Add +159.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.24% | 2,033 | $1.2M | Add +0.1% |
| AMGN Amgen Inc. | 0.21% | 3,724 | $1.1M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.20% | 8,999 | $1.0M | Reduce -0.6% |
| XBIL F/M US Treasury 6 Month Bill | 0.20% | 20,133 | $1.0M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.20% | 4,274 | $990K | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.19% | 3,882 | $944K | Reduce -0.2% |
| SYLD Cambria Shareholder Yield Et | 0.17% | 12,523 | $860K | Reduce -53.7% |
| SCHW Schwab (charles) Corp. | 0.17% | 8,884 | $848K | Reduce -0.8% |
| GLW Corning Inc. | 0.16% | 10,029 | $823K | Reduce -17.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 2,476 | $813K | Add +6.5% |
| QQQM Invesco Nasdaq 100 ETF | 0.16% | 3,279 | $810K | Reduce -1.1% |
| VVR Invesco Senior Income Trust | 0.15% | 220,028 | $761K | Add +12.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 2,372 | $669K | Reduce -41.7% |
| LIN Linde PLC | 0.13% | 1,402 | $666K | Reduce -30.9% |
| GLD SPDR Gold Shares | 0.13% | 1,858 | $660K | Reduce -21.8% |
| MA Mastercard Inc. Class A | 0.13% | 1,139 | $648K | No change |
| SOFI Sofi Technologies Inc. | 0.12% | 23,406 | $618K | Reduce -4.1% |
| CI The Cigna Group | 0.12% | 2,142 | $617K | No change |
| ORCL Oracle Corp. | 0.12% | 2,166 | $609K | Reduce -0.3% |
| VOO Vanguard S&P 500 ETF | 0.12% | 956 | $585K | Add +17.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.11% | 7,316 | $561K | Reduce -37.1% |
| BSCR Invesco Bulletshares 2027 CB | 0.11% | 28,052 | $553K | Add +0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.11% | 4,812 | $551K | Reduce -8.7% |
| XYLD Global X S&P 500 Cove Call E | 0.10% | 13,347 | $524K | Add +25.4% |
| MAR Marriott International Class A | 0.10% | 2,003 | $522K | No change |
| MCD McDonald's Corp. | 0.10% | 1,661 | $505K | Reduce -1.9% |
| FPE FT-Preferred Secur & Inc. ETF | 0.10% | 27,600 | $503K | New |
| JNJ Johnson & Johnson | 0.10% | 2,625 | $487K | No change |
| SPG Simon Property Group Inc. | 0.09% | 2,511 | $471K | Add +24.3% |
| MO Altria Group Inc. | 0.09% | 6,750 | $446K | No change |
| CAT Caterpillar Inc. | 0.09% | 924 | $441K | No change |
| SHOP Shopify Inc. Class A | 0.08% | 2,713 | $403K | No change |
| AXP American Express Co. | 0.08% | 1,207 | $401K | Reduce -4.0% |
| GD General Dynamics Corp. | 0.08% | 1,175 | $401K | Reduce -4.1% |
| KMB Kimberly-Clark Corp. | 0.08% | 3,174 | $395K | No change |
| HD Home Depot Inc. | 0.08% | 969 | $393K | Reduce -0.5% |
| RTX RTX Corp. | 0.08% | 2,524 | $390K | Reduce -4.0% |
| AMD Advanced Micro Devices | 0.08% | 2,405 | $389K | Add +2.6% |
| EIX Edison International | 0.07% | 6,769 | $374K | No change |
| MKL Markel Group Inc. | 0.07% | 192 | $367K | Reduce -3.0% |
| SLV iShares Silver Trust | 0.07% | 8,595 | $364K | Add +7.3% |
| SRE Sempra | 0.07% | 3,734 | $336K | Reduce -2.2% |
| T AT&T Inc. | 0.07% | 11,770 | $332K | Add +0.1% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.06% | 792 | $319K | No change |
| CVX Chevron Corp. | 0.06% | 2,049 | $318K | Reduce -4.6% |
Options reported separately and not counted above: SPY puts ($1.2M).
Portfolio Sells Q2 2025 → Q3 2025
| RSP Invesco S&P 500 Equal Weight | Reduce -37.8% | 3.53% | −2.15 |
| GRW TCW Durable Growth ETF | Reduce -63.5% | 0.49% | −1.05 |
| SCHM Schwab US Mid Cap ETF | Reduce -44.1% | 1.29% | −1.00 |
| BSCT Invesco Bulletshares 2029 CB | Reduce -3.5% | 8.33% | −0.64 |
| SCHX Schwab US Large-Cap ETF | Reduce -13.5% | 4.91% | −0.60 |
| PLTR Palantir Technologies Inc. Class A | Reduce -53.4% | 0.71% | −0.48 |
| FTSM First Trust Enh Short Mat FD | Reduce -7.5% | 2.46% | −0.32 |
| SHRY First Trust Shareholder YLD | Reduce -49.5% | 0.28% | −0.30 |
| XMMO Invesco S&P Midcap Momentum | Reduce -10.7% | 2.51% | −0.29 |
| COST Costco Wholesale Corp. | Reduce -10.9% | 0.90% | −0.23 |
| V Visa Inc. Class A | Reduce -31.3% | 0.34% | −0.20 |
| SYLD Cambria Shareholder Yield Et | Reduce -53.7% | 0.17% | −0.20 |
| FCAL First Trust California Munic | Sold out | 0.00% | −0.20 |
| META Meta Platforms Inc. Class A | Reduce -5.9% | 1.29% | −0.15 |
| IBM Intl Business Machines Corp. | Reduce -41.7% | 0.13% | −0.12 |
| NBSD Neuberger Short Duration Inc. | Reduce -18.1% | 0.36% | −0.10 |
| MS Morgan Stanley | Sold out | 0.00% | −0.09 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -1.5% | 1.27% | −0.08 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.07 |
| WRB WR Berkley Corp. | Reduce -37.1% | 0.11% | −0.07 |
| LIN Linde PLC | Reduce -30.9% | 0.13% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -54.0% | 0.04% | −0.06 |
| UGI Ugi Corp. | Sold out | 0.00% | −0.06 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.05 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.05 |
| VT Vanguard Tot World STK ETF | Reduce -7.3% | 0.89% | −0.05 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.05 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.04 |
| EPOL iShares MSCI Poland ETF | Reduce -0.9% | 0.61% | −0.04 |
| DIS The Walt Disney Co. | Reduce -8.7% | 0.11% | −0.03 |
| GLD SPDR Gold Shares | Reduce -21.8% | 0.13% | −0.02 |
| MSFT Microsoft Corp. | Reduce -0.8% | 1.25% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -0.8% | 0.29% | −0.01 |
| XBIL F/M US Treasury 6 Month Bill | Reduce -0.5% | 0.20% | −0.01 |
| MKL Markel Group Inc. | Reduce -3.0% | 0.07% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.2% | 0.21% | −0.01 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -11.5% | 0.04% | −0.01 |
| AXP American Express Co. | Reduce -4.0% | 0.08% | −0.00 |
| ETN Eaton Corp. PLC | Reduce -6.8% | 0.05% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -5.4% | 0.05% | −0.00 |
| MCD McDonald's Corp. | Reduce -1.9% | 0.10% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -4.5% | 0.06% | −0.00 |
| SCHW Schwab (charles) Corp. | Reduce -0.8% | 0.17% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -0.6% | 0.20% | −0.00 |
| IWY iShares Russell Top 200 Grow | Reduce -7.9% | 0.05% | −0.00 |
| CVX Chevron Corp. | Reduce -4.6% | 0.06% | −0.00 |
| PEP Pepsico Inc. | Reduce -2.5% | 0.05% | −0.00 |
| PFE Pfizer Inc. | Reduce -0.5% | 0.06% | 0.00 |
| F Ford Motor Co. | Reduce -5.0% | 0.05% | +0.00 |
| RTX RTX Corp. | Reduce -4.0% | 0.08% | +0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| AFLG First Trust Active Factor La | Add +28.6% | 3.92% | +0.94 |
| IWL iShares Russell Top 200 ETF | Add +22.3% | 3.87% | +0.82 |
| RW Rainwater Equity ETF | New | 0.80% | +0.80 |
| SPMO Invesco S&P 500 Momentum ETF | Add +28.8% | 2.26% | +0.56 |
| IBKR Interactive Brokers Gro Class A | New | 0.41% | +0.41 |
| FLEX Flex Ltd. | New | 0.38% | +0.38 |
| FIX Comfort Systems USA Inc. | New | 0.36% | +0.36 |
| RBA RB Global Inc. | New | 0.34% | +0.34 |
| EME Emcor Group Inc. | New | 0.33% | +0.33 |
| FIIG FT Intermed Dur Ig Corp. ETF | Add +16.3% | 2.48% | +0.28 |
| CSM Proshares Large Cap Core Plu | Add +119.1% | 0.46% | +0.26 |
| FDL First Trust Morn DVD Lead Inc. | Add +11.6% | 2.63% | +0.25 |
| RING iShares MSCI Global Gold Min | Add +20.1% | 0.53% | +0.22 |
| YMAX Yieldmax Universe Fo in Etfs | Add +159.6% | 0.25% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +22.3% | 0.38% | +0.14 |
| FDD First Trust Stoxx Europe | Add +3.6% | 4.63% | +0.13 |
| CEF Sprott Physical Gold and Sil | Add +23.9% | 0.43% | +0.13 |
| AVGO Broadcom Inc. | Add +13.5% | 0.50% | +0.12 |
| FPE FT-Preferred Secur & Inc. ETF | New | 0.10% | +0.10 |
| XLC SS Comm Select Sector SPDR | Add +28.8% | 0.34% | +0.09 |
| ULVM Victoryshares US Value Momen | Add +31.1% | 0.32% | +0.08 |
| EDIV State Street SPDR S&P Emergi | Add +32.5% | 0.32% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +20.1% | 0.36% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +20.5% | 0.36% | +0.06 |
| AOR iShares Core 60/40 Balanced | New | 0.05% | +0.05 |
| TIME Clockwise U.S. Core Equity E | Add +30.5% | 0.29% | +0.05 |
| TCHP T Rowe Price Blue Chip Growt | New | 0.05% | +0.05 |
| OAKM Oakmark US Large Cap ETF | New | 0.05% | +0.05 |
| SCHD Schwab US DVD Equity ETF | New | 0.05% | +0.05 |
| SDVY First Trust Smid Cap Rising | New | 0.04% | +0.04 |
| CRPT FT Skybr Crypt & Dig Econ | Add +22.7% | 0.39% | +0.04 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.04% | +0.04 |
| LMT Lockheed Martin Corp. | New | 0.04% | +0.04 |
| LLY Eli Lilly & Co. | Add +24.9% | 0.29% | +0.04 |
| PHYS Sprott Physical Gold Trust | New | 0.04% | +0.04 |
| RH RH | New | 0.04% | +0.04 |
| HCA HCA Healthcare Inc. | Add +1.9% | 0.43% | +0.03 |
| ABBV Abbvie Inc. | Add +0.0% | 0.20% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.5% | 0.65% | +0.03 |
| XOMO Yieldmax Xom Option Income | New | 0.03% | +0.03 |
| SPG Simon Property Group Inc. | Add +24.3% | 0.09% | +0.03 |
| AMZN Amazon.com Inc. | Add +8.1% | 0.70% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +17.0% | 0.12% | +0.02 |
| XYLD Global X S&P 500 Cove Call E | Add +25.4% | 0.10% | +0.02 |
| SLV iShares Silver Trust | Add +7.3% | 0.07% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.5% | 0.16% | +0.01 |
| AGNC AGNC Investment Corp. | Add +52.1% | 0.04% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.24% | +0.01 |
| AMD Advanced Micro Devices | Add +2.6% | 0.08% | +0.01 |
| ACHV Achieve Life Sciences Inc. | Add +1.0% | 0.03% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 1,800 | $1.2M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 144 | $561.6M | SCHB, BSCT, FDD, FIIG, IDMO |
| Q1 2026 | 136 | $520.9M | SCHB, BSCT, FDD, IDMO, SCHX |
| Q4 2025 | 136 | $534.7M | SCHB, BSCT, IDMO, FDD, SCHX |
| Q3 2025 | 130 | $499.7M | SCHB, BSCT, SCHX, FDD, BSCS |
| Q2 2025 | 121 | $477.8M | SCHB, BSCT, RSP, SCHX, FDD |
| Q1 2025 | 122 | $443.9M | SCHB, BSCR, RSP, SCHX, EWZ |
| Q4 2024 | 113 | $456.9M | SCHB, BSCR, RSP, SCHX, SCHM |
| Q3 2024 | 110 | $461.1M | SCHB, BSCR, RSP, SCHX, SYLD |
| Q2 2024 | 104 | $406.2M | SCHB, RSP, BSCR, FTSM, SCHX |
| Q1 2024 | 97 | $383.4M | RSP, SCHB, FTSM, SCHX, SYLD |