Marshall Investment Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Marshall Investment Management, LLC reported 497 stock positions worth $240.8 million. Its top holding was SPDR Gold Shares (GLD) at 7.3% of the portfolio, followed by PIMCO Rafi Dynamic Multi-Fac (MFUS, 5.1%) and Invesco S&P Midcap Qual ETF (XMHQ, 4.5%). Compared with Q1 2026, it opened 254 new positions, sold out of 31, added to 108 and reduced 50. The biggest buy was a new position in Invesco S&P Midcap Qual ETF (XMHQ) and the biggest sale an exit from Invesco S&P 500 Pure Value E (RPV).
- Most Recent 13F
- Q2 2026
- Location
- LITTLETON, CO
- CIK
- 0002022427
- Portfolio Value
- $240.8M (Q2 2026)
- SEC Filing
- 0001420506-26-001782 ↗ filed Aug 14, 2026
Holdings Value
Holdings 497 stocks · $240.8M
| GLD SPDR Gold Shares | 7.31% | 47,749 | $17.6M | Add +1.5% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 5.14% | 184,309 | $12.4M | Reduce -5.3% |
| XMHQ Invesco S&P Midcap Qual ETF | 4.49% | 95,805 | $10.8M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 4.20% | 20,218 | $10.1M | Add +1.0% |
| MSFT Microsoft Corp. | 3.40% | 21,931 | $8.2M | Add +8.6% |
| AMZN Amazon.com Inc. | 3.38% | 34,118 | $8.1M | Add +6.0% |
| AAPL Apple Inc. | 2.85% | 23,705 | $6.9M | Add +21.8% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 2.85% | 197,558 | $6.9M | Reduce -5.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 2.73% | 8,621 | $6.6M | Add +4.1% |
| FELV Fidelity Enh LRG Cap Val ETF | 2.66% | 159,753 | $6.4M | Reduce -5.2% |
| GOOG Alphabet Inc. Class C | 2.44% | 16,629 | $5.9M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 2.40% | 17,670 | $5.8M | Add +7.8% |
| RDVY First Trust Rising Dividend | 2.40% | 71,292 | $5.8M | Reduce -2.5% |
| NVDA Nvidia Corp. | 2.31% | 27,849 | $5.6M | Add +4.1% |
| TSM Taiwan Semiconductor-SP ADR | 2.31% | 11,665 | $5.6M | Add +4.7% |
| SOXQ Invesco PHLX Semiconductor | 2.21% | 47,555 | $5.3M | Add +12.3% |
| FTHF FT Em Human Flourishing ETF | 2.13% | 103,032 | $5.1M | Reduce -4.7% |
| AIRR First Trust Rba American Ind | 2.12% | 38,381 | $5.1M | Add +9.3% |
| LLY Eli Lilly & Co. | 2.10% | 4,220 | $5.1M | Add +7.0% |
| MFSB MFS Active Core Plus Bond | 1.86% | 179,667 | $4.5M | Reduce -0.8% |
| FLXR TCW Flexible Income ETF | 1.65% | 101,483 | $4.0M | Reduce -0.0% |
| WMT Walmart Inc. | 1.54% | 32,814 | $3.7M | Add +8.8% |
| DUK Duke Energy Corp. | 1.49% | 28,395 | $3.6M | Add +7.4% |
| VZ Verizon Communications Inc. | 1.32% | 74,924 | $3.2M | Add +6.5% |
| XAR SS SPDR S&P Aerospace Def | 1.31% | 11,089 | $3.1M | Add +10.8% |
| FV First Trust DW Focus 5 Fund | 1.26% | 40,124 | $3.0M | Reduce -10.7% |
| AMGN Amgen Inc. | 1.26% | 8,386 | $3.0M | Add +7.7% |
| FPEI First Trust Institutional PR | 1.24% | 155,197 | $3.0M | Reduce -2.0% |
| LIT Global X Lithium & Battery T | 1.15% | 35,398 | $2.8M | Add +12.9% |
| FDL First Trust Morn DVD Lead Inc. | 1.14% | 56,522 | $2.8M | Reduce -9.1% |
| FVD First Trust Value Line DVD | 1.12% | 55,922 | $2.7M | Reduce -1.0% |
| JNJ Johnson & Johnson | 1.11% | 10,479 | $2.7M | Add +5.4% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 1.10% | 22,810 | $2.6M | Add +45.9% |
| XLI SS Industrial Select Sector | 1.07% | 13,852 | $2.6M | Add +42.6% |
| TDIV FT Nasdaq Tech DVD Index FD | 1.06% | 22,198 | $2.6M | Add +5.7% |
| PAVE Global X US Infrastructure | 1.03% | 42,268 | $2.5M | Reduce -4.4% |
| XSMO Invesco S&P Smallcap Momentu | 0.97% | 24,849 | $2.3M | Reduce -5.0% |
| FTCS First Trust Capital Strength | 0.94% | 24,076 | $2.3M | Reduce -0.5% |
| EIPX FT Energy Inc. Partners Strat | 0.86% | 65,788 | $2.1M | Add +30.1% |
| NBOS Neuberger Option Strategy Et | 0.84% | 71,901 | $2.0M | New |
| QQEW First TR Nasdaq-100 Sel Eq | 0.84% | 12,620 | $2.0M | Reduce -2.1% |
| GRID First TRST Nasd Class Edg Sgiif | 0.77% | 9,704 | $1.9M | Add +0.2% |
| ARKW ARK Next Generation Technolo | 0.77% | 12,808 | $1.9M | Reduce -1.8% |
| SDVY First Trust Smid Cap Rising | 0.74% | 41,554 | $1.8M | Reduce -2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.71% | 2,284 | $1.7M | Reduce -15.7% |
| VOO Vanguard S&P 500 ETF | 0.62% | 2,158 | $1.5M | Reduce -9.6% |
| FTXH First Trust Nasdaq Pharmaceu | 0.60% | 38,080 | $1.5M | Reduce -15.8% |
| RDVI FT Vest Rising Dividend Achi | 0.52% | 42,431 | $1.2M | Add +85.4% |
| ARKX ARK Space & Defense Innovati | 0.51% | 36,265 | $1.2M | Reduce -4.1% |
| XME SS SPDR S&P Metals Mining | 0.48% | 10,790 | $1.2M | Add +20.9% |
| PICK iShares MSCI Global Metals & | 0.47% | 19,366 | $1.1M | Add +3303.5% |
| FTQI First Trust Nasdaq Buywrite | 0.45% | 48,621 | $1.1M | Add +83.7% |
| JHMM John Hancock Multi Fact Mid | 0.40% | 12,976 | $973K | Reduce -6.1% |
| FTHI Fthi/First Trust Exchange-TR | 0.38% | 38,259 | $912K | Add +107.0% |
| KO The Coca-Cola Co. | 0.32% | 9,483 | $771K | Add +371.1% |
| MPLX MPLX LP | 0.25% | 10,736 | $605K | Add +0.0% |
| JGRO JPMorgan Active Growth ETF | 0.25% | 6,064 | $598K | Add +9.0% |
| WEC WEC Energy Group Inc. | 0.23% | 4,784 | $559K | Add +6.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 5,856 | $504K | Reduce -21.2% |
| SCHG Schwab US Large-Cap Growth | 0.19% | 13,506 | $457K | No change |
| VOOV Vanguard S&P 500 Value ETF | 0.18% | 2,009 | $440K | Reduce -21.3% |
| LMT Lockheed Martin Corp. | 0.18% | 842 | $429K | No change |
| AVGO Broadcom Inc. | 0.18% | 1,131 | $427K | Add +22.7% |
| CVS CVS Health Corp. | 0.16% | 3,705 | $383K | No change |
| V Visa Inc. Class A | 0.15% | 1,054 | $362K | Add +12.6% |
| BIV Vanguard Intermediate-Term B | 0.13% | 3,953 | $303K | Reduce -7.5% |
| EMLP First Trust North American E | 0.12% | 6,844 | $298K | Add +0.5% |
| HYXF iShares ESG Adv High Yield | 0.12% | 6,313 | $295K | Add +12.9% |
| PPA Invesco Aerospace & Defense | 0.12% | 1,610 | $284K | No change |
| META Meta Platforms Inc. Class A | 0.11% | 484 | $273K | Add +17.8% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.11% | 6,770 | $271K | Add +8.9% |
| RTX RTX Corp. | 0.11% | 1,359 | $258K | Reduce -0.4% |
| GS Goldman Sachs Group Inc. | 0.11% | 254 | $257K | Add +0.4% |
| CSCO Cisco Systems Inc. | 0.11% | 2,182 | $256K | Add +18.5% |
| FRDM Freedom 100 Emeging MRKT ETF | 0.09% | 3,116 | $227K | Add +71.8% |
| VEA Vanguard Ftse Developed ETF | 0.09% | 3,135 | $223K | Reduce -26.6% |
| ARKK ARK Innovation ETF | 0.09% | 2,752 | $222K | No change |
| VMC Vulcan Materials Co. | 0.09% | 714 | $211K | Add +1.4% |
| IVV iShares Core S&P 500 ETF | 0.08% | 256 | $192K | No change |
| XOM Exxon Mobil Corp. | 0.08% | 1,355 | $185K | No change |
| ESML iShares ESG Aware MSCI USA S | 0.07% | 3,082 | $172K | Add +5.4% |
| GOOGL Alphabet Inc. Class A | 0.07% | 462 | $165K | Add +87.8% |
| USB US Bancorp | 0.06% | 2,514 | $152K | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.06% | 614 | $149K | Reduce -25.9% |
| NOBL Proshares S&P 500 Dividend A | 0.06% | 2,453 | $138K | No change |
| DGRO iShares Core Dividend Growth | 0.06% | 1,776 | $135K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.05% | 660 | $130K | Reduce -25.5% |
| CNEQ Alger Concentrated Eqty ETF | 0.05% | 3,048 | $126K | Add +49.2% |
| DIVO Amplify CWP Enhan Divid ETF | 0.05% | 2,716 | $124K | No change |
| NUMV Nuveen ESG Mid-Cap Value ETF | 0.05% | 2,791 | $121K | Add +7.4% |
| ARKQ ARK Autonomous Tech & Robot | 0.05% | 893 | $118K | Reduce -8.0% |
| COST Costco Wholesale Corp. | 0.05% | 126 | $118K | Add +26.0% |
| PM Philip Morris International | 0.05% | 648 | $117K | Reduce -33.5% |
| OXY Occidental Petroleum Corp. | 0.05% | 2,309 | $112K | No change |
| MU Micron Technology Inc. | 0.05% | 97 | $112K | Reduce -84.5% |
| LMBS First Trust Low Duration Opp | 0.05% | 2,223 | $111K | Add +1.0% |
| NUMG Nuveen ESG Mid-Cap Grow ETF | 0.04% | 2,202 | $103K | Add +13.3% |
| USMC Principal US Mega-Cap ETF | 0.04% | 1,370 | $102K | Add +11.7% |
| SYY Sysco Corp. | 0.04% | 1,196 | $100K | Add +2.2% |
| FMDE Fidelity Enhanced Mid Cap Co. | 0.04% | 2,421 | $98K | Add +13.7% |
Portfolio Sells Q1 2026 → Q2 2026
| RPV Invesco S&P 500 Pure Value E | Sold out | 0.00% | −4.96 |
| MISL First Trust Indxx Aero & Def | Sold out | 0.00% | −0.49 |
| FDL First Trust Morn DVD Lead Inc. | Reduce -9.1% | 1.14% | −0.37 |
| FIW First Trust Water ETF | Sold out | 0.00% | −0.33 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Reduce -5.3% | 5.14% | −0.31 |
| MFSB MFS Active Core Plus Bond | Reduce -0.8% | 1.86% | −0.30 |
| FLXR TCW Flexible Income ETF | Reduce -0.0% | 1.65% | −0.26 |
| FPEI First Trust Institutional PR | Reduce -2.0% | 1.24% | −0.20 |
| FELV Fidelity Enh LRG Cap Val ETF | Reduce -5.2% | 2.66% | −0.16 |
| FVD First Trust Value Line DVD | Reduce -1.0% | 1.12% | −0.15 |
| FTXH First Trust Nasdaq Pharmaceu | Reduce -15.8% | 0.60% | −0.14 |
| FTCS First Trust Capital Strength | Reduce -0.5% | 0.94% | −0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -15.7% | 0.71% | −0.14 |
| VOO Vanguard S&P 500 ETF | Reduce -9.6% | 0.62% | −0.07 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -21.3% | 0.18% | −0.07 |
| SDVY First Trust Smid Cap Rising | Reduce -2.9% | 0.74% | −0.06 |
| MU Micron Technology Inc. | Reduce -84.5% | 0.05% | −0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -21.2% | 0.21% | −0.05 |
| PAVE Global X US Infrastructure | Reduce -4.4% | 1.03% | −0.04 |
| KIE SS SPDR S&P Insurance ETF | Reduce -73.3% | 0.01% | −0.04 |
| JHMM John Hancock Multi Fact Mid | Reduce -6.1% | 0.40% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -26.6% | 0.09% | −0.04 |
| FV First Trust DW Focus 5 Fund | Reduce -10.7% | 1.26% | −0.04 |
| BIV Vanguard Intermediate-Term B | Reduce -7.5% | 0.13% | −0.03 |
| PM Philip Morris International | Reduce -33.5% | 0.05% | −0.03 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -15.2% | 0.04% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -25.9% | 0.06% | −0.02 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -25.5% | 0.05% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.02 |
| RTX RTX Corp. | Reduce -0.4% | 0.11% | −0.02 |
| ARKX ARK Space & Defense Innovati | Reduce -4.1% | 0.51% | −0.02 |
| VCRB Vanguard Core Bond ETF | Reduce -32.2% | 0.03% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -90.4% | 0.00% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.02 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.02 |
| DFAC Dimensional US Core Equity 2 | Sold out | 0.00% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -38.5% | 0.02% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -39.9% | 0.01% | −0.01 |
| DFUV Dimensional US Marketwide Va | Sold out | 0.00% | −0.01 |
| MTUM iShares MSCI USA Momentum Fa | Sold out | 0.00% | −0.01 |
| DUHP Dimensional US High Profi Et | Sold out | 0.00% | −0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -22.1% | 0.04% | −0.01 |
| XLE SS Energy Select Sector | Reduce -15.0% | 0.02% | −0.01 |
| SFLR Innovator Eqty MGD Floor ETF | Sold out | 0.00% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.01 |
| FMHI First Trust Municipal High I | Sold out | 0.00% | −0.01 |
| ITA iShares U.S. Aerospace & Def | Reduce -21.4% | 0.02% | −0.01 |
| DFIC Dimensional International Co. | Sold out | 0.00% | −0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| XMHQ Invesco S&P Midcap Qual ETF | New | 4.49% | +4.49 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +4.1% | 2.73% | +1.18 |
| SOXQ Invesco PHLX Semiconductor | Add +12.3% | 2.21% | +1.00 |
| NBOS Neuberger Option Strategy Et | New | 0.84% | +0.84 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.7% | 2.31% | +0.51 |
| AAPL Apple Inc. | Add +21.8% | 2.85% | +0.48 |
| PICK iShares MSCI Global Metals & | Add +3303.5% | 0.47% | +0.45 |
| LLY Eli Lilly & Co. | Add +7.0% | 2.10% | +0.36 |
| XLI SS Industrial Select Sector | Add +42.6% | 1.07% | +0.31 |
| AIRR First Trust Rba American Ind | Add +9.3% | 2.12% | +0.26 |
| KO The Coca-Cola Co. | Add +371.1% | 0.32% | +0.25 |
| RDVI FT Vest Rising Dividend Achi | Add +85.4% | 0.52% | +0.24 |
| GOOG Alphabet Inc. Class C | Add +2.1% | 2.44% | +0.20 |
| FTQI First Trust Nasdaq Buywrite | Add +83.7% | 0.45% | +0.19 |
| FTHI Fthi/First Trust Exchange-TR | Add +107.0% | 0.38% | +0.18 |
| AMZN Amazon.com Inc. | Add +6.0% | 3.38% | +0.16 |
| TDIV FT Nasdaq Tech DVD Index FD | Add +5.7% | 1.06% | +0.12 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Add +45.9% | 1.10% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +7.8% | 2.40% | +0.09 |
| XAR SS SPDR S&P Aerospace Def | Add +10.8% | 1.31% | +0.09 |
| NVDA Nvidia Corp. | Add +4.1% | 2.31% | +0.08 |
| EIPX FT Energy Inc. Partners Strat | Add +30.1% | 0.86% | +0.08 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +71.8% | 0.09% | +0.05 |
| AVGO Broadcom Inc. | Add +22.7% | 0.18% | +0.04 |
| CSCO Cisco Systems Inc. | Add +18.5% | 0.11% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +87.8% | 0.07% | +0.03 |
| LIT Global X Lithium & Battery T | Add +12.9% | 1.15% | +0.03 |
| BSX Boston Scientific Corp. | New | 0.03% | +0.03 |
| XLK SS Technology Select Sector | New | 0.03% | +0.03 |
| ADI Analog Devices Inc. | New | 0.02% | +0.02 |
| JGRO JPMorgan Active Growth ETF | Add +9.0% | 0.25% | +0.02 |
| PHYS Sprott Physical Gold Trust | New | 0.02% | +0.02 |
| CNEQ Alger Concentrated Eqty ETF | Add +49.2% | 0.05% | +0.02 |
| COPX Global X Copper Miners ETF | New | 0.02% | +0.02 |
| AMD Advanced Micro Devices | Add +6.3% | 0.03% | +0.02 |
| XME SS SPDR S&P Metals Mining | Add +20.9% | 0.48% | +0.02 |
| PWR Quanta Services Inc. | New | 0.02% | +0.02 |
| GE General Electric | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +12.6% | 0.15% | +0.01 |
| HBM Hudbay Minerals Inc. | New | 0.01% | +0.01 |
| CVX Chevron Corp. | New | 0.01% | +0.01 |
| ARKG ARK Genomic Revolution ETF | Add +26.7% | 0.03% | +0.01 |
| CMI Cummins Inc. | New | 0.01% | +0.01 |
| GRID First TRST Nasd Class Edg Sgiif | Add +0.2% | 0.77% | +0.01 |
| BLK BlackRock Inc. | New | 0.01% | +0.01 |
| B Barrick Mining Corp. | New | 0.01% | +0.01 |
| APH Amphenol Corp. Class A | New | 0.01% | +0.01 |
| PH Parker Hannifin Corp. | New | 0.01% | +0.01 |
| COHR Coherent Corp. | Add +630.0% | 0.01% | +0.01 |
| PLD Prologis Inc. | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 497 | $240.8M | GLD, MFUS, XMHQ, BRK.B, MSFT |
| Q1 2026 | 274 | $208.5M | GLD, MFUS, RPV, BRK.B, MSFT |
| Q4 2025 | 76 | $199.1M | GLD, BRK.B, MSFT, FMDE, MFUS |
| Q3 2025 | 75 | $188.9M | GLD, FFLG, MSFT, CGGR, MFUS |
| Q2 2025 | 27 | $21.0M | FV, MSFT, ARKW, FVD, SPY |
| Q1 2025 | 248 | $161.0M | GLD, BRK.B, RDVY, FVD, SPY |
| Q4 2024 | 135 | $169.7M | SPYV, BRK.B, MSFT, RDVY, AIRR |