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

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 Q3 2025 Q4 2025: $534.7M $534.7M Q4 2025 Q1 2026: $520.9M Q1 2026 Q2 2026: $561.6M Q2 2026

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
CVX Chevron Corp. 0.07% 2,405 $366K Add +17.4%
HD Home Depot Inc. 0.06% 969 $333K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.06% 792 $327K No change
SRE Sempra 0.06% 3,664 $323K Reduce -1.9%
PRU Prudential Financial Inc. 0.06% 2,799 $316K Add +0.0%
FTRI First Trust Indxx Global Nat 0.06% 19,126 $300K New
BIL SS SPDR BB 1-3M T-Bill ETF 0.06% 3,272 $299K New
BP BP PLC-Spons ADR 0.06% 8,511 $296K New
ACHV Achieve Life Sciences Inc. 0.05% 59,084 $294K Add +26.6%
T AT&T Inc. 0.05% 11,779 $293K Add +0.1%
AOR iShares Core 60/40 Balanced 0.05% 4,372 $284K Add +3.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.05% 1,762 $271K No change
OAKM Oakmark US Large Cap ETF 0.05% 9,508 $270K Add +4.6%
IVV iShares Core S&P 500 ETF 0.05% 384 $263K Reduce -11.7%
SCHF Schwab Intl Equity ETF 0.05% 10,682 $257K Reduce -7.1%
CSCO Cisco Systems Inc. 0.05% 3,232 $249K No change
ENB Enbridge Inc. 0.05% 5,151 $246K No change
F Ford Motor Co. filed as FORD MTR CO 0.05% 18,736 $246K Reduce -0.8%
SCHK Schwab 1000 Index ETF 0.05% 7,450 $244K No change
PHYS Sprott Physical Gold Trust 0.05% 7,360 $243K Add +5.9%
IWY iShares Russell Top 200 Grow 0.04% 867 $240K Add +0.8%
PEP Pepsico Inc. 0.04% 1,663 $239K Reduce -1.1%
ISRG Intuitive Surgical Inc. 0.04% 416 $236K New
IVE iShares S&P 500 Value ETF 0.04% 1,091 $231K No change
SCHD Schwab US DVD Equity ETF 0.04% 8,090 $222K Reduce -3.0%
CMI Cummins Inc. 0.04% 431 $220K New
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.04% 1,557 $220K No change
ETN Eaton Corp. PLC 0.04% 679 $216K Reduce -0.3%
TSM Taiwan Semiconductor-SP ADR 0.04% 689 $209K New
NTNX Nutanix Inc. Class A 0.04% 4,000 $207K No change
BINV Brandes International ETF 0.04% 5,141 $206K New
ESGV Vanguard ESG US Stock ETF 0.04% 1,705 $206K New
LMT Lockheed Martin Corp. 0.04% 425 $205K No change
IWD iShares Russell 1000 Value E 0.04% 957 $201K New
BRW Saba Capital Income & Opport 0.02% 12,004 $84K New
BLNE Beeline Holdings Inc. 0.01% 18,000 $31K 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

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