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

0$200.0M$400.0M$600.0M Q1 2024: $383.4M Q1 2024 Q2 2024: $406.2M Q2 2024 Q3 2024: $461.1M Q3 2024 Q4 2024: $456.9M Q4 2024 Q1 2025: $443.9M Q1 2025 Q2 2025: $477.8M Q2 2025 Q3 2025: $499.7M $499.7M Q3 2025 Q4 2025: $534.7M Q4 2025 Q1 2026: $520.9M Q1 2026 Q2 2026: $561.6M Q2 2026

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%
MRK Merck & Co. Inc. 0.06% 3,719 $312K Reduce -4.5%
PFE Pfizer Inc. 0.06% 12,128 $309K Reduce -0.5%
NTNX Nutanix Inc. Class A 0.06% 4,000 $298K No change
IVV iShares Core S&P 500 ETF 0.06% 435 $291K Add +3.1%
PRU Prudential Financial Inc. 0.06% 2,798 $290K Add +0.1%
AOR iShares Core 60/40 Balanced 0.05% 4,219 $272K New
SCHF Schwab Intl Equity ETF 0.05% 11,494 $268K Reduce -5.4%
ENB Enbridge Inc. 0.05% 5,151 $260K No change
ETN Eaton Corp. PLC 0.05% 681 $255K Reduce -6.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.05% 1,762 $255K No change
TCHP T Rowe Price Blue Chip Growt 0.05% 5,052 $247K New
OAKM Oakmark US Large Cap ETF 0.05% 9,090 $243K New
SCHK Schwab 1000 Index ETF 0.05% 7,450 $239K No change
PEP Pepsico Inc. 0.05% 1,681 $236K Reduce -2.5%
IWY iShares Russell Top 200 Grow 0.05% 860 $235K Reduce -7.9%
SCHD Schwab US DVD Equity ETF 0.05% 8,340 $228K New
F Ford Motor Co. filed as FORD MTR CO 0.05% 18,881 $226K Reduce -5.0%
IVE iShares S&P 500 Value ETF 0.05% 1,091 $225K No change
CSCO Cisco Systems Inc. 0.04% 3,232 $221K Reduce -54.0%
SDVY First Trust Smid Cap Rising 0.04% 5,703 $217K New
SCHZ Schwab US Aggregate Bond ETF 0.04% 9,231 $217K Reduce -11.5%
GBTC Grayscale Bitcoin Trust ETF 0.04% 2,391 $215K New
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.04% 1,557 $214K No change
NFLX Netflix Inc. 0.04% 178 $213K No change
LMT Lockheed Martin Corp. 0.04% 425 $212K New
PHYS Sprott Physical Gold Trust 0.04% 6,950 $206K New
RH RH 0.04% 1,000 $203K New
AGNC AGNC Investment Corp. 0.04% 20,177 $198K Add +52.1%
ACHV Achieve Life Sciences Inc. 0.03% 46,674 $147K Add +1.0%
XOMO Yieldmax Xom Option Income 0.03% 11,323 $136K New

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 144$561.6MSCHB, BSCT, FDD, FIIG, IDMO
Q1 2026 136$520.9MSCHB, BSCT, FDD, IDMO, SCHX
Q4 2025 136$534.7MSCHB, BSCT, IDMO, FDD, SCHX
Q3 2025 130$499.7MSCHB, BSCT, SCHX, FDD, BSCS
Q2 2025 121$477.8MSCHB, BSCT, RSP, SCHX, FDD
Q1 2025 122$443.9MSCHB, BSCR, RSP, SCHX, EWZ
Q4 2024 113$456.9MSCHB, BSCR, RSP, SCHX, SCHM
Q3 2024 110$461.1MSCHB, BSCR, RSP, SCHX, SYLD
Q2 2024 104$406.2MSCHB, RSP, BSCR, FTSM, SCHX
Q1 2024 97$383.4MRSP, SCHB, FTSM, SCHX, SYLD