Marshall Investment Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Marshall Investment Management, LLC reported 27 stock positions worth $21.0 million. Its top holding was First Trust DW Focus 5 Fund (FV) at 10.5% of the portfolio, followed by Microsoft (MSFT, 10.2%) and ARK Next Generation Technolo (ARKW, 9.4%). Compared with Q1 2025, it opened 1 new position, sold out of 222, added to 4 and reduced 20. The biggest buy was John Hancock Multi Fact Mid (JHMM, shares +282%) and the biggest sale an exit from Berkshire Hathaway Class B (BRK.B).
- Most Recent 13F
- Q2 2026
- Location
- LITTLETON, CO
- CIK
- 0002022427
- Portfolio Value
- $21.0M (Q2 2025)
- SEC Filing
- 0001420506-25-001991 ↗ filed Aug 14, 2025
Holdings Value
Holdings 27 stocks · $21.0M
| FV First Trust DW Focus 5 Fund | 10.50% | 37,278 | $2.2M | Reduce -33.0% |
| MSFT Microsoft Corp. | 10.24% | 4,334 | $2.2M | Reduce -75.8% |
| ARKW ARK Next Generation Technolo | 9.42% | 13,427 | $2.0M | Reduce -15.2% |
| FVD First Trust Value Line DVD | 9.03% | 42,535 | $1.9M | Reduce -73.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 8.79% | 2,995 | $1.9M | Reduce -75.7% |
| FTCS First Trust Capital Strength | 7.90% | 18,290 | $1.7M | Reduce -30.2% |
| QQEW First TR Nasdaq-100 Sel Eq | 5.12% | 7,897 | $1.1M | Reduce -50.2% |
| GLD SPDR Gold Shares | 4.84% | 3,341 | $1.0M | Reduce -90.6% |
| VOO Vanguard S&P 500 ETF | 4.61% | 1,709 | $971K | Reduce -30.7% |
| JHMM John Hancock Multi Fact Mid | 3.22% | 11,073 | $677K | Add +282.5% |
| AMZN Amazon.com Inc. | 2.63% | 2,526 | $554K | Reduce -90.2% |
| MPLX MPLX LP | 2.58% | 10,528 | $542K | No change |
| WEC WEC Energy Group Inc. | 2.16% | 4,372 | $456K | Add +0.8% |
| SOXQ Invesco PHLX Semiconductor | 2.11% | 10,174 | $444K | Reduce -90.8% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 2.09% | 16,570 | $440K | New |
| JPM JPMorgan Chase & Co. | 1.98% | 1,441 | $418K | Reduce -90.0% |
| AAPL Apple Inc. | 1.77% | 1,819 | $373K | Reduce -89.8% |
| SCHG Schwab US Large-Cap Growth | 1.70% | 12,237 | $357K | Reduce -11.3% |
| RDVY First Trust Rising Dividend | 1.57% | 5,256 | $330K | Reduce -96.1% |
| CVS CVS Health Corp. | 1.21% | 3,705 | $256K | No change |
| FPEI First Trust Institutional PR | 1.13% | 12,570 | $239K | Reduce -92.0% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 1.11% | 5,927 | $234K | Reduce -94.4% |
| MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 1.11% | 4,370 | $234K | Reduce -94.4% |
| FMDE Fidelity Enhanced Mid Cap Co. | 1.02% | 6,236 | $215K | Add +412.8% |
| CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E | 1.01% | 7,445 | $213K | Reduce -94.7% |
| GS Goldman Sachs Group Inc. | 0.95% | 283 | $201K | Add +0.3% |
| MNKD Mannkind Corp. | 0.18% | 10,000 | $37K | Reduce -9.1% |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −5.84 |
| RDVY First Trust Rising Dividend | Reduce -96.1% | 1.57% | −3.35 |
| NOBL Proshares S&P 500 Dividend A | Sold out | 0.00% | −2.77 |
| USMC Principal US Mega-Cap ETF | Sold out | 0.00% | −2.39 |
| AIRR First Trust Rba American Ind | Sold out | 0.00% | −2.34 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −1.80 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.74 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −1.74 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −1.62 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −1.61 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −1.57 |
| FDL First Trust Morn DVD Lead Inc. | Sold out | 0.00% | −1.56 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.55 |
| GLD SPDR Gold Shares | Reduce -90.6% | 4.84% | −1.53 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −1.52 |
| FYC First Trust Small Cap Growth | Sold out | 0.00% | −1.52 |
| WMT Walmart Inc. | Sold out | 0.00% | −1.42 |
| CGCV Cap Group Conservative Eq | Reduce -94.7% | 1.01% | −1.36 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | Reduce -94.4% | 1.11% | −1.34 |
| CGDV Cap Group Dividend Value | Reduce -94.4% | 1.11% | −1.25 |
| XSMO Invesco S&P Smallcap Momentu | Sold out | 0.00% | −1.22 |
| AMGN Amgen Inc. | Sold out | 0.00% | −1.20 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.91 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Sold out | 0.00% | −0.89 |
| SDVY First Trust Smid Cap Rising | Sold out | 0.00% | −0.87 |
| KIE SS SPDR S&P Insurance ETF | Sold out | 0.00% | −0.87 |
| PAVE Global X US Infrastructure | Sold out | 0.00% | −0.80 |
| KBWP Invesco KBW Property & Casua | Sold out | 0.00% | −0.73 |
| FPEI First Trust Institutional PR | Reduce -92.0% | 1.13% | −0.70 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.69 |
| AAPL Apple Inc. | Reduce -89.8% | 1.77% | −0.68 |
| XES SS SPDR S&P Og Eqp & Serv | Sold out | 0.00% | −0.67 |
| EIPX FT Energy Inc. Partners Strat | Sold out | 0.00% | −0.65 |
| PXJ Invesco Oil & Gas Services E | Sold out | 0.00% | −0.65 |
| FNX First Trust Mid Cap Core Alp | Sold out | 0.00% | −0.51 |
| FIW First Trust Water ETF | Sold out | 0.00% | −0.48 |
| CIBR First Trust Nasdaq Cybersecu | Sold out | 0.00% | −0.47 |
| AMZN Amazon.com Inc. | Reduce -90.2% | 2.63% | −0.42 |
| VOOV Vanguard S&P 500 Value ETF | Sold out | 0.00% | −0.31 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.28 |
| RDVI FT Vest Rising Dividend Achi | Sold out | 0.00% | −0.25 |
| FTHI Fthi/First Trust Exchange-TR | Sold out | 0.00% | −0.23 |
| FTQI First Trust Nasdaq Buywrite | Sold out | 0.00% | −0.22 |
| JPM JPMorgan Chase & Co. | Reduce -90.0% | 1.98% | −0.21 |
| SOXQ Invesco PHLX Semiconductor | Reduce -90.8% | 2.11% | −0.21 |
| JGRO JPMorgan Active Growth ETF | Sold out | 0.00% | −0.19 |
| VCRB Vanguard Core Bond ETF | Sold out | 0.00% | −0.19 |
| EMLP First Trust North American E | Sold out | 0.00% | −0.19 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.18 |
| FMB First Trust Managed Municipa | Sold out | 0.00% | −0.17 |
Portfolio Buys Q1 2025 → Q2 2025
Notes & Other Activity Q1 2025 → Q2 2025
| DAL Delta Air Lines Inc. | COM NEW | Sold out | 0 | $0before exit |
| EMB iShares JP Morgan Usd Emergi | JPMORGAN USD EMG | Sold out | 0 | $0before exit |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF | Sold out | 0 | $0before exit |
| MAR Marriott International Class A | CL A | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |