Manchester Financial Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Manchester Financial Inc. reported 136 stock positions worth $534.7 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 16.8% of the portfolio, followed by Invesco Bulletshares 2029 CB (BSCT, 7.9%) and Invesco S&P International DE (IDMO, 4.7%). Compared with Q3 2025, it opened 16 new positions, sold out of 10, added to 41 and reduced 58. The biggest buy was a new position in Invesco S&P International DE (IDMO) and the biggest sale First Trust Active Factor La (AFLG, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- Westlake Village, CA
- CIK
- 0000866590
- Portfolio Value
- $534.7M (Q4 2025)
- SEC Filing
- 0001172661-26-000649 ↗ filed Feb 12, 2026
Holdings Value
Holdings 136 stocks · $534.7M
| SCHB Schwab US Broad Market ETF | 16.84% | 3,432,268 | $90.0M | Reduce -0.6% |
| BSCT Invesco Bulletshares 2029 CB | 7.91% | 2,246,389 | $42.3M | Add +1.5% |
| IDMO Invesco S&P International DE | 4.71% | 453,075 | $25.2M | New |
| FDD First Trust Stoxx Europe | 4.68% | 1,428,735 | $25.0M | Reduce -0.2% |
| SCHX Schwab US Large-Cap ETF | 4.62% | 918,824 | $24.7M | Reduce -1.3% |
| BSCS Invesco Bulletshares 2028 CB | 3.90% | 1,011,972 | $20.8M | Add +2.0% |
| FIIG FT Intermed Dur Ig Corp. ETF | 3.80% | 957,492 | $20.3M | Add +64.0% |
| IWL iShares Russell Top 200 ETF | 3.78% | 118,491 | $20.2M | Add +1.9% |
| NVDA Nvidia Corp. | 3.50% | 100,259 | $18.7M | Reduce -5.1% |
| RSP Invesco S&P 500 Equal Weight | 3.11% | 86,720 | $16.6M | Reduce -6.7% |
| FDL First Trust Morn DVD Lead Inc. | 2.93% | 352,833 | $15.6M | Add +16.8% |
| AAPL Apple Inc. | 2.79% | 54,943 | $14.9M | Reduce -2.8% |
| SPMO Invesco S&P 500 Momentum ETF | 2.54% | 113,990 | $13.6M | Add +22.1% |
| XMMO Invesco S&P Midcap Momentum | 2.47% | 95,394 | $13.2M | Add +2.7% |
| FTSM First Trust Enh Short Mat FD | 2.26% | 201,612 | $12.1M | Reduce -1.6% |
| AFLG First Trust Active Factor La | 1.85% | 253,525 | $9.9M | Reduce -49.8% |
| META Meta Platforms Inc. Class A | 1.20% | 9,734 | $6.4M | Add +10.7% |
| TBIL F/M US Treasury 3 Month Bill | 1.19% | 127,331 | $6.4M | Add +0.6% |
| MMSC First Trust Multi-Manager SM | 1.17% | 261,336 | $6.3M | Reduce -3.0% |
| GRID First TRST Nasd Class Edg Sgiif | 1.15% | 40,208 | $6.2M | Reduce -3.3% |
| SCHM Schwab US Mid Cap ETF | 1.10% | 195,396 | $5.9M | Reduce -10.3% |
| MSFT Microsoft Corp. | 1.09% | 12,058 | $5.8M | Reduce -0.3% |
| VT Vanguard Tot World STK ETF | 0.79% | 29,786 | $4.2M | Reduce -8.0% |
| RW Rainwater Equity ETF | 0.74% | 160,157 | $4.0M | Add +1.9% |
| AMZN Amazon.com Inc. | 0.72% | 16,612 | $3.8M | Add +4.2% |
| COST Costco Wholesale Corp. | 0.70% | 4,343 | $3.7M | Reduce -10.7% |
| PLTR Palantir Technologies Inc. Class A | 0.63% | 18,866 | $3.4M | Reduce -3.4% |
| EPOL iShares MSCI Poland ETF | 0.62% | 93,986 | $3.3M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.61% | 4,812 | $3.3M | Reduce -1.9% |
| RING iShares MSCI Global Gold Min | 0.56% | 40,854 | $3.0M | Add +0.5% |
| AVGO Broadcom Inc. | 0.49% | 7,527 | $2.6M | Reduce -0.7% |
| TSLA Tesla Inc. | 0.48% | 5,682 | $2.6M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.46% | 7,821 | $2.5M | Add +1.0% |
| CSM Proshares Large Cap Core Plu | 0.46% | 30,774 | $2.5M | Add +2.6% |
| MNTN MNTN Inc. Class A | 0.45% | 200,000 | $2.4M | New |
| GRW TCW Durable Growth ETF | 0.43% | 74,671 | $2.3M | Reduce -2.9% |
| HCA HCA Healthcare Inc. | 0.41% | 4,715 | $2.2M | Reduce -6.5% |
| LLY Eli Lilly & Co. | 0.39% | 1,919 | $2.1M | Add +2.2% |
| FIX Comfort Systems USA Inc. | 0.37% | 2,132 | $2.0M | Reduce -1.8% |
| IWV iShares Russell 3000 ETF | 0.37% | 5,051 | $2.0M | No change |
| FLEX Flex Ltd. | 0.36% | 31,811 | $1.9M | Reduce -1.8% |
| IBKR Interactive Brokers Gro Class A | 0.35% | 29,301 | $1.9M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 0.35% | 5,787 | $1.9M | Add +2.4% |
| NBSD Neuberger Short Duration Inc. | 0.34% | 36,005 | $1.8M | Add +3.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 3,610 | $1.8M | Add +0.8% |
| XLC SS Comm Select Sector SPDR | 0.33% | 15,098 | $1.8M | Add +4.7% |
| EDIV State Street SPDR S&P Emergi | 0.32% | 44,257 | $1.7M | Add +6.5% |
| ULVM Victoryshares US Value Momen | 0.32% | 18,520 | $1.7M | Add +4.1% |
| EME Emcor Group Inc. | 0.29% | 2,547 | $1.6M | Reduce -0.2% |
| TIME Clockwise U.S. Core Equity E | 0.29% | 62,640 | $1.6M | Add +5.4% |
| V Visa Inc. Class A | 0.29% | 4,398 | $1.5M | Reduce -10.8% |
| RBA RB Global Inc. | 0.29% | 14,862 | $1.5M | Reduce -4.4% |
| CRPT FT Skybr Crypt & Dig Econ | 0.26% | 91,415 | $1.4M | Add +5.7% |
| AMGN Amgen Inc. | 0.25% | 4,054 | $1.3M | Add +8.9% |
| SHRY First Trust Shareholder YLD | 0.25% | 31,458 | $1.3M | Reduce -4.7% |
| VZ Verizon Communications Inc. | 0.23% | 30,748 | $1.3M | Reduce -8.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 1,994 | $1.2M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 0.23% | 3,860 | $1.2M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.20% | 8,968 | $1.1M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.18% | 4,273 | $976K | Reduce -0.0% |
| XBIL F/M US Treasury 6 Month Bill | 0.17% | 18,495 | $926K | Reduce -8.1% |
| SCHW Schwab (charles) Corp. | 0.17% | 8,884 | $888K | No change |
| YMAX Yieldmax Universe Fo in Etfs | 0.16% | 85,672 | $855K | Reduce -12.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.16% | 2,810 | $832K | Add +18.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.15% | 2,472 | $829K | Reduce -0.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.15% | 3,265 | $826K | Reduce -0.4% |
| GLW Corning Inc. | 0.15% | 9,282 | $813K | Reduce -7.5% |
| GLD SPDR Gold Shares | 0.15% | 2,015 | $799K | Add +8.4% |
| ORCL Oracle Corp. | 0.14% | 3,958 | $771K | Add +82.7% |
| SDVY First Trust Smid Cap Rising | 0.14% | 19,333 | $741K | Add +239.0% |
| SYLD Cambria Shareholder Yield Et | 0.14% | 10,556 | $734K | Reduce -15.7% |
| MA Mastercard Inc. Class A | 0.12% | 1,139 | $650K | No change |
| SGOV iShares 0-3 Month Treasury B | 0.12% | 6,244 | $627K | New |
| MAR Marriott International Class A | 0.12% | 2,003 | $622K | No change |
| SOFI Sofi Technologies Inc. | 0.11% | 23,371 | $612K | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 0.11% | 966 | $606K | Add +1.1% |
| CI The Cigna Group | 0.11% | 2,142 | $590K | No change |
| LIN Linde PLC | 0.11% | 1,356 | $578K | Reduce -3.3% |
| JNJ Johnson & Johnson | 0.11% | 2,724 | $564K | Add +3.8% |
| BSCR Invesco Bulletshares 2027 CB | 0.10% | 27,533 | $544K | Reduce -1.9% |
| CAT Caterpillar Inc. | 0.10% | 913 | $523K | Reduce -1.2% |
| AMD Advanced Micro Devices | 0.10% | 2,383 | $510K | Reduce -0.9% |
| MCD McDonald's Corp. | 0.09% | 1,655 | $506K | Reduce -0.4% |
| FPE FT-Preferred Secur & Inc. ETF | 0.09% | 27,600 | $503K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.09% | 4,311 | $490K | Reduce -10.4% |
| SLV iShares Silver Trust | 0.09% | 7,464 | $481K | Reduce -13.2% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.09% | 6,822 | $478K | Reduce -6.8% |
| PVAL Putnam Focused LRG Cap Value | 0.09% | 10,479 | $478K | New |
| MRK Merck & Co. Inc. | 0.09% | 4,523 | $476K | Add +21.6% |
| TCHP T Rowe Price Blue Chip Growt | 0.09% | 9,333 | $465K | Add +84.7% |
| SPG Simon Property Group Inc. | 0.09% | 2,511 | $465K | No change |
| RTX RTX Corp. | 0.09% | 2,524 | $463K | No change |
| AXP American Express Co. | 0.08% | 1,195 | $442K | Reduce -1.0% |
| SHOP Shopify Inc. Class A | 0.08% | 2,713 | $437K | No change |
| EIX Edison International | 0.08% | 6,769 | $406K | No change |
| MKL Markel Group Inc. | 0.08% | 188 | $404K | Reduce -2.1% |
| CEF Sprott Physical Gold and Sil | 0.07% | 8,741 | $400K | Reduce -85.0% |
| GD General Dynamics Corp. | 0.07% | 1,176 | $396K | Add +0.1% |
| MO Altria Group Inc. | 0.07% | 6,750 | $389K | No change |
| DBND Doubleline Oppor Cor BND-Usd | 0.07% | 8,047 | $373K | New |
Options reported separately and not counted above: NVDA calls ($37K), SPMO calls ($12K).
Portfolio Sells Q3 2025 → Q4 2025
| AFLG First Trust Active Factor La | Reduce -49.8% | 1.85% | −2.07 |
| SCHB Schwab US Broad Market ETF | Reduce -0.6% | 16.84% | −0.93 |
| NVDA Nvidia Corp. | Reduce -5.1% | 3.50% | −0.45 |
| RSP Invesco S&P 500 Equal Weight | Reduce -6.7% | 3.11% | −0.42 |
| CEF Sprott Physical Gold and Sil | Reduce -85.0% | 0.07% | −0.35 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.3% | 4.62% | −0.29 |
| COST Costco Wholesale Corp. | Reduce -10.7% | 0.70% | −0.20 |
| FTSM First Trust Enh Short Mat FD | Reduce -1.6% | 2.26% | −0.20 |
| SCHM Schwab US Mid Cap ETF | Reduce -10.3% | 1.10% | −0.19 |
| MSFT Microsoft Corp. | Reduce -0.3% | 1.09% | −0.16 |
| VVR Invesco Senior Income Trust | Sold out | 0.00% | −0.15 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -3.3% | 1.15% | −0.11 |
| VT Vanguard Tot World STK ETF | Reduce -8.0% | 0.79% | −0.11 |
| XYLD Global X S&P 500 Cove Call E | Sold out | 0.00% | −0.10 |
| YMAX Yieldmax Universe Fo in Etfs | Reduce -12.8% | 0.16% | −0.09 |
| AAPL Apple Inc. | Reduce -2.8% | 2.79% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -3.4% | 0.63% | −0.09 |
| MMSC First Trust Multi-Manager SM | Reduce -3.0% | 1.17% | −0.08 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.08 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -8.1% | 0.23% | −0.06 |
| GRW TCW Durable Growth ETF | Reduce -2.9% | 0.43% | −0.06 |
| IBKR Interactive Brokers Gro Class A | Reduce -0.9% | 0.35% | −0.06 |
| RBA RB Global Inc. | Reduce -4.4% | 0.29% | −0.05 |
| V Visa Inc. Class A | Reduce -10.8% | 0.29% | −0.05 |
| SCHZ Schwab US Aggregate Bond ETF | Sold out | 0.00% | −0.04 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.04 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.04 |
| RH RH | Sold out | 0.00% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.9% | 0.61% | −0.04 |
| EME Emcor Group Inc. | Reduce -0.2% | 0.29% | −0.04 |
| AGNC AGNC Investment Corp. | Sold out | 0.00% | −0.04 |
| SHRY First Trust Shareholder YLD | Reduce -4.7% | 0.25% | −0.04 |
| SYLD Cambria Shareholder Yield Et | Reduce -15.7% | 0.14% | −0.03 |
| XBIL F/M US Treasury 6 Month Bill | Reduce -8.1% | 0.17% | −0.03 |
| TSLA Tesla Inc. | Reduce -0.1% | 0.48% | −0.03 |
| XOMO Yieldmax Xom Option Income | Sold out | 0.00% | −0.03 |
| LIN Linde PLC | Reduce -3.3% | 0.11% | −0.03 |
| WRB WR Berkley Corp. | Reduce -6.8% | 0.09% | −0.02 |
| DIS The Walt Disney Co. | Reduce -10.4% | 0.09% | −0.02 |
| HCA HCA Healthcare Inc. | Reduce -6.5% | 0.41% | −0.02 |
| FLEX Flex Ltd. | Reduce -1.8% | 0.36% | −0.02 |
| ABBV Abbvie Inc. | Reduce -0.0% | 0.18% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.9% | 0.23% | −0.02 |
| AVGO Broadcom Inc. | Reduce -0.7% | 0.49% | −0.01 |
| GLW Corning Inc. | Reduce -7.5% | 0.15% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -0.3% | 0.04% | −0.01 |
| SOFI Sofi Technologies Inc. | Reduce -0.1% | 0.11% | −0.01 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -1.9% | 0.10% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -11.7% | 0.05% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| IDMO Invesco S&P International DE | New | 4.71% | +4.71 |
| FIIG FT Intermed Dur Ig Corp. ETF | Add +64.0% | 3.80% | +1.32 |
| MNTN MNTN Inc. Class A | New | 0.45% | +0.45 |
| FDL First Trust Morn DVD Lead Inc. | Add +16.8% | 2.93% | +0.30 |
| SPMO Invesco S&P 500 Momentum ETF | Add +22.1% | 2.54% | +0.28 |
| SGOV iShares 0-3 Month Treasury B | New | 0.12% | +0.12 |
| LLY Eli Lilly & Co. | Add +2.2% | 0.39% | +0.10 |
| SDVY First Trust Smid Cap Rising | Add +239.0% | 0.14% | +0.10 |
| PVAL Putnam Focused LRG Cap Value | New | 0.09% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +1.0% | 0.46% | +0.08 |
| DBND Doubleline Oppor Cor BND-Usd | New | 0.07% | +0.07 |
| FTRI First Trust Indxx Global Nat | New | 0.06% | +0.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.06% | +0.06 |
| BP BP PLC-Spons ADR | New | 0.06% | +0.06 |
| ISRG Intuitive Surgical Inc. | New | 0.04% | +0.04 |
| CMI Cummins Inc. | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.04% | +0.04 |
| BINV Brandes International ETF | New | 0.04% | +0.04 |
| ESGV Vanguard ESG US Stock ETF | New | 0.04% | +0.04 |
| AMGN Amgen Inc. | Add +8.9% | 0.25% | +0.04 |
| IWD iShares Russell 1000 Value E | New | 0.04% | +0.04 |
| TCHP T Rowe Price Blue Chip Growt | Add +84.7% | 0.09% | +0.04 |
| RING iShares MSCI Global Gold Min | Add +0.5% | 0.56% | +0.04 |
| MRK Merck & Co. Inc. | Add +21.6% | 0.09% | +0.03 |
| ACHV Achieve Life Sciences Inc. | Add +26.6% | 0.05% | +0.03 |
| ORCL Oracle Corp. | Add +82.7% | 0.14% | +0.02 |
| IBM Intl Business Machines Corp. | Add +18.5% | 0.16% | +0.02 |
| GLD SPDR Gold Shares | Add +8.4% | 0.15% | +0.02 |
| AMZN Amazon.com Inc. | Add +4.2% | 0.72% | +0.02 |
| BRW Saba Capital Income & Opport | New | 0.02% | +0.02 |
| JNJ Johnson & Johnson | Add +3.8% | 0.11% | +0.01 |
| BLNE Beeline Holdings Inc. | New | 0.01% | +0.01 |
| CVX Chevron Corp. | Add +17.4% | 0.07% | +0.00 |
| PHYS Sprott Physical Gold Trust | Add +5.9% | 0.05% | +0.00 |
| OAKM Oakmark US Large Cap ETF | Add +4.6% | 0.05% | +0.00 |
| PRU Prudential Financial Inc. | Add +0.0% | 0.06% | +0.00 |
| EDIV State Street SPDR S&P Emergi | Add +6.5% | 0.32% | +0.00 |
| AOR iShares Core 60/40 Balanced | Add +3.6% | 0.05% | −0.00 |
| CSM Proshares Large Cap Core Plu | Add +2.6% | 0.46% | −0.00 |
| TIME Clockwise U.S. Core Equity E | Add +5.4% | 0.29% | −0.00 |
| IWY iShares Russell Top 200 Grow | Add +0.8% | 0.04% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +1.1% | 0.11% | −0.00 |
| ULVM Victoryshares US Value Momen | Add +4.1% | 0.32% | −0.01 |
| GD General Dynamics Corp. | Add +0.1% | 0.07% | −0.01 |
| JPM JPMorgan Chase & Co. | Add +2.4% | 0.35% | −0.01 |
| XLC SS Comm Select Sector SPDR | Add +4.7% | 0.33% | −0.01 |
| NBSD Neuberger Short Duration Inc. | Add +3.6% | 0.34% | −0.01 |
| T AT&T Inc. | Add +0.1% | 0.05% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.8% | 0.34% | −0.02 |
| XMMO Invesco S&P Midcap Momentum | Add +2.7% | 2.47% | −0.04 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 1,800 | $1.2Mbefore exit |
| NVDA Nvidia Corp. | call | New | 200 | $37K |
| SPMO Invesco S&P 500 Momentum ETF | call | New | 100 | $12K |
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 |