Marmo Financial Group, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Marmo Financial Group, LLC reported 31 stock positions worth $206.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 16.6% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 15.4%) and Vngrd Mrgstr MG CP VL ETF-Ui (MGV, 10.0%). Compared with Q2 2025, it opened 7 new positions, sold out of 5, added to 10 and reduced 12. The biggest buy was a new position in Vngrd Mrngst SL-CP Val ETF-U (VBR) and the biggest sale Invesco S&P Smallcap Momentu (XSMO, shares −79%).
- Most Recent 13F
- Q1 2026
- Location
- Johnson City, TN
- CIK
- 0001964829
- Portfolio Value
- $206.5M (Q3 2025)
- SEC Filing
- 0001172661-25-004419 ↗ filed Oct 24, 2025
Holdings Value
Holdings 31 stocks · $206.5M
| SPY SS SPDR S&P 500 ETF Trust-US | 16.60% | 51,451 | $34.3M | Reduce -10.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 15.41% | 66,340 | $31.8M | Add +5.7% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 10.01% | 150,103 | $20.7M | Reduce -10.7% |
| QQQM Invesco Nasdaq 100 ETF | 9.36% | 78,198 | $19.3M | Add +4.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 8.52% | 84,273 | $17.6M | New |
| VFH Vanguard Financials ETF | 6.52% | 102,566 | $13.5M | Add +8.5% |
| VCLT Vanguard Long-Term Corp. Bond | 3.92% | 104,237 | $8.1M | Reduce -18.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 3.62% | 141,125 | $7.5M | Add +3.4% |
| FDVV Fidelity High Dividend ETF | 3.03% | 112,326 | $6.3M | Reduce -4.1% |
| JPIB JPMorgan Intl BND ETF | 2.62% | 110,330 | $5.4M | Add +8.6% |
| SPHY SS SPDR P High Yield ETF | 2.44% | 210,718 | $5.0M | Add +2.7% |
| SPSB SS SPDR P St C Corp. ETF | 2.35% | 160,455 | $4.9M | New |
| JPIE JPMorgan Income ETF | 2.25% | 100,038 | $4.6M | Reduce -7.8% |
| XSMO Invesco S&P Smallcap Momentu | 2.10% | 58,993 | $4.3M | Reduce -79.1% |
| BIV Vanguard Intermediate-Term B | 1.99% | 52,607 | $4.1M | New |
| QQQ Invesco QQQ Trust Series 1 | 1.73% | 5,941 | $3.6M | Reduce -5.8% |
| IMCG iShares Morningstar Mid-Cap | 1.66% | 41,439 | $3.4M | Reduce -62.9% |
| JMUB JPMorgan Municipal ETF | 1.43% | 58,435 | $2.9M | New |
| IWF iShares Russell 1000 Growth | 1.34% | 5,898 | $2.8M | Add +0.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.87% | 38,863 | $1.8M | Reduce -45.2% |
| IAU iShares Gold Trust | 0.51% | 14,344 | $1.0M | Reduce -0.4% |
| MSFT Microsoft Corp. | 0.29% | 1,148 | $595K | Add +1.7% |
| FCNCA First Citizens Bcshs Class A | 0.27% | 307 | $551K | Reduce -0.3% |
| AAPL Apple Inc. | 0.24% | 1,982 | $505K | Add +0.3% |
| AFL Aflac Inc. | 0.17% | 3,222 | $360K | Add +0.5% |
| NVDA Nvidia Corp. | 0.16% | 1,820 | $340K | Reduce -24.9% |
| IVV iShares Core S&P 500 ETF | 0.13% | 415 | $278K | No change |
| GLD SPDR Gold Shares | 0.13% | 757 | $269K | No change |
| FTEC Fidelity MSCI Info Tech Indx | 0.10% | 966 | $215K | New |
| LOW Lowe's Cos Inc. | 0.10% | 826 | $208K | New |
| RWL Invesco S&P 500 Revenue ETF | 0.10% | 1,867 | $207K | New |
Portfolio Sells Q2 2025 → Q3 2025
| XSMO Invesco S&P Smallcap Momentu | Reduce -79.1% | 2.10% | −7.44 |
| IMCG iShares Morningstar Mid-Cap | Reduce -62.9% | 1.66% | −2.80 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −2.34 |
| FLBL Franklin Senior Loan ETF | Sold out | 0.00% | −1.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -10.5% | 16.60% | −1.08 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -10.7% | 10.01% | −0.97 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -18.5% | 3.92% | −0.92 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -45.2% | 0.87% | −0.63 |
| JPIE JPMorgan Income ETF | Reduce -7.8% | 2.25% | −0.25 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.16 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.14 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.11 |
| FCNCA First Citizens Bcshs Class A | Reduce -0.3% | 0.27% | −0.03 |
| NVDA Nvidia Corp. | Reduce -24.9% | 0.16% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.8% | 1.73% | −0.01 |
| FDVV Fidelity High Dividend ETF | Reduce -4.1% | 3.03% | −0.00 |
| IAU iShares Gold Trust | Reduce -0.4% | 0.51% | +0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 8.52% | +8.52 |
| SPSB SS SPDR P St C Corp. ETF | New | 2.35% | +2.35 |
| BIV Vanguard Intermediate-Term B | New | 1.99% | +1.99 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +5.7% | 15.41% | +1.70 |
| JMUB JPMorgan Municipal ETF | New | 1.43% | +1.43 |
| QQQM Invesco Nasdaq 100 ETF | Add +4.9% | 9.36% | +0.93 |
| VFH Vanguard Financials ETF | Add +8.5% | 6.52% | +0.52 |
| JPIB JPMorgan Intl BND ETF | Add +8.6% | 2.62% | +0.16 |
| FTEC Fidelity MSCI Info Tech Indx | New | 0.10% | +0.10 |
| LOW Lowe's Cos Inc. | New | 0.10% | +0.10 |
| RWL Invesco S&P 500 Revenue ETF | New | 0.10% | +0.10 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 1.34% | +0.09 |
| AAPL Apple Inc. | Add +0.3% | 0.24% | +0.04 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +3.4% | 3.62% | +0.04 |
| SPHY SS SPDR P High Yield ETF | Add +2.7% | 2.44% | +0.01 |
| MSFT Microsoft Corp. | Add +1.7% | 0.29% | +0.01 |
| AFL Aflac Inc. | Add +0.5% | 0.17% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 38 | $201.9M | SPY, VUG, MGV, VBR, QQQM |
| Q4 2025 | 38 | $211.3M | SPY, VUG, MGV, QQQM, VBR |
| Q3 2025 | 31 | $206.5M | SPY, VUG, MGV, QQQM, VBR |
| Q2 2025 | 29 | $200.8M | SPY, VUG, MGV, XSMO, QQQM |
| Q1 2025 | 27 | $182.8M | SPY, VUG, MGV, XSMO, QQQM |
| Q4 2024 | 27 | $185.2M | SPY, VUG, BND, MGV, XSMO |
| Q3 2024 | 28 | $187.4M | SPY, VUG, MGV, BND, XSMO |
| Q2 2024 | 28 | $165.4M | SPY, QQQM, IMCG, SPSM, VFH |
| Q1 2024 | 28 | $164.4M | SPY, QQQM, IMCG, SPSM, VFH |