Marshall Investment Management, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Marshall Investment Management, LLC reported 274 stock positions worth $208.5 million. Its top holding was SPDR Gold Shares (GLD) at 9.7% of the portfolio, followed by PIMCO Rafi Dynamic Multi-Fac (MFUS, 5.4%) and Invesco S&P 500 Pure Value E (RPV, 5.0%). Compared with Q4 2025, it opened 201 new positions, sold out of 3, added to 48 and reduced 22. The biggest buy was a new position in Invesco S&P 500 Pure Value E (RPV) and the biggest sale an exit from Cap Group Growth Equity (CGGR).

Most Recent 13F
Q2 2026
Location
LITTLETON, CO
CIK
0002022427
Portfolio Value
$208.5M (Q1 2026)
SEC Filing
0001420506-26-000857 ↗ filed May 8, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q4 2024: $169.7M Q4 2024 Q1 2025: $161.0M Q1 2025 Q2 2025: $21.0M Q2 2025 Q3 2025: $188.9M Q3 2025 Q4 2025: $199.1M Q4 2025 Q1 2026: $208.5M $208.5M Q1 2026 Q2 2026: $240.8M Q2 2026

Holdings 274 stocks · $208.5M
GLD SPDR Gold Shares 9.71% 47,049 $20.2M Reduce -2.8%
MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER 5.45% 194,540 $11.4M Add +26.6%
RPV Invesco S&P 500 Pure Value E 4.96% 96,219 $10.3M New
BRK.B Berkshire Hathaway Inc. Class B 4.60% 20,019 $9.6M Add +8.8%
MSFT Microsoft Corp. 3.59% 20,199 $7.5M Add +8.8%
AMZN Amazon.com Inc. 3.22% 32,203 $6.7M Add +8.5%
FELV Fidelity Enh LRG Cap Val ETF 2.82% 168,479 $5.9M New
FFLG Fidelity Fndmntl L/C GRW ETF 2.78% 208,552 $5.8M Reduce -27.5%
RDVY First Trust Rising Dividend 2.39% 73,100 $5.0M Add +9.2%
AAPL Apple Inc. 2.37% 19,465 $4.9M Add +2.8%
JPM JPMorgan Chase & Co. 2.31% 16,393 $4.8M Add +6.1%
GOOG Alphabet Inc. Class C 2.24% 16,287 $4.7M Reduce -0.5%
NVDA Nvidia Corp. 2.24% 26,746 $4.7M Add +3.3%
MFSB MFS Active Core Plus Bond 2.16% 181,099 $4.5M Add +3.3%
FTHF FT Em Human Flourishing ETF 1.94% 108,130 $4.0M New
FLXR TCW Flexible Income ETF 1.91% 101,528 $4.0M New
AIRR First Trust Rba American Ind 1.87% 35,103 $3.9M Reduce -2.7%
TSM Taiwan Semiconductor-SP ADR 1.81% 11,147 $3.8M Add +333.2%
WMT Walmart Inc. 1.80% 30,147 $3.7M Add +2.9%
LLY Eli Lilly & Co. 1.74% 3,944 $3.6M Add +4.3%
VZ Verizon Communications Inc. 1.69% 70,355 $3.5M Add +6.2%
DUK Duke Energy Corp. 1.66% 26,428 $3.5M Add +7.5%
CRWD CrowdStrike Holdings Inc. Class A 1.55% 8,279 $3.2M Add +9.5%
FDL First Trust Morn DVD Lead Inc. 1.51% 62,170 $3.2M Add +35.6%
FPEI First Trust Institutional PR 1.44% 158,410 $3.0M Add +10.1%
AMGN Amgen Inc. 1.31% 7,784 $2.7M Add +4.7%
FV First Trust DW Focus 5 Fund 1.30% 44,949 $2.7M Reduce -0.0%
FVD First Trust Value Line DVD 1.27% 56,466 $2.7M Reduce -0.5%
XAR SS SPDR S&P Aerospace Def 1.22% 10,009 $2.5M Reduce -13.3%
SOXQ Invesco PHLX Semiconductor 1.21% 42,327 $2.5M Reduce -9.5%
JNJ Johnson & Johnson 1.17% 9,945 $2.4M Add +1.1%
LIT Global X Lithium & Battery T 1.12% 31,353 $2.3M Reduce -11.4%
PAVE Global X US Infrastructure 1.08% 44,201 $2.2M Add +6.8%
FTCS First Trust Capital Strength 1.08% 24,185 $2.2M Reduce -0.9%
NLR Vaneck Urani & Nuclr ETF-Usd 1.00% 15,630 $2.1M Reduce -8.1%
XSMO Invesco S&P Smallcap Momentu 0.95% 26,156 $2.0M Reduce -4.1%
TDIV FT Nasdaq Tech DVD Index FD 0.94% 21,004 $2.0M Add +10.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.84% 2,709 $1.8M Reduce -64.8%
SDVY First Trust Smid Cap Rising 0.81% 42,777 $1.7M Add +6.6%
QQEW First TR Nasdaq-100 Sel Eq 0.79% 12,893 $1.6M Reduce -2.0%
EIPX FT Energy Inc. Partners Strat 0.78% 50,583 $1.6M Add +6.2%
GRID First TRST Nasd Class Edg Sgiif 0.76% 9,686 $1.6M Add +9.8%
ARKW ARK Next Generation Technolo 0.75% 13,048 $1.6M Reduce -31.6%
XLI SS Industrial Select Sector 0.75% 9,711 $1.6M Reduce -10.3%
FTXH First Trust Nasdaq Pharmaceu 0.75% 45,232 $1.6M Add +8.2%
VOO Vanguard S&P 500 ETF 0.68% 2,388 $1.4M Add +4.3%
ARKX ARK Space & Defense Innovati 0.53% 37,816 $1.1M Add +9.1%
MISL First Trust Indxx Aero & Def 0.49% 22,898 $1.0M New
XME SS SPDR S&P Metals Mining 0.46% 8,921 $964K Add +33.3%
JHMM John Hancock Multi Fact Mid 0.45% 13,823 $928K No change
FIW First Trust Water ETF 0.33% 6,653 $686K Add +6.9%
MPLX MPLX LP 0.29% 10,732 $612K Add +1.9%
RDVI FT Vest Rising Dividend Achi 0.28% 22,881 $585K Add +0.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.26% 1,239 $541K Add +34.0%
FTQI First Trust Nasdaq Buywrite 0.25% 26,466 $527K Add +20.6%
VOOV Vanguard S&P 500 Value ETF 0.25% 2,553 $520K Add +25.6%
WEC WEC Energy Group Inc. 0.25% 4,481 $519K Add +0.8%
LMT Lockheed Martin Corp. 0.24% 842 $509K Add +0.7%
JGRO JPMorgan Active Growth ETF 0.23% 5,562 $470K Add +1.0%
FTHI Fthi/First Trust Exchange-TR 0.20% 18,482 $424K Add +0.2%
SCHG Schwab US Large-Cap Growth 0.19% 13,506 $393K Reduce -1.1%
BIV Vanguard Intermediate-Term B 0.16% 4,271 $330K Add +8.7%
EMLP First Trust North American E 0.14% 6,811 $297K Add +0.5%
AVGO Broadcom Inc. 0.14% 922 $285K Add +10.6%
V Visa Inc. Class A 0.14% 936 $283K Add +7.5%
VEA Vanguard Ftse Developed ETF 0.13% 4,274 $274K Add +28.0%
PPA Invesco Aerospace & Defense 0.13% 1,610 $267K No change
CVS CVS Health Corp. 0.13% 3,705 $266K No change
RTX RTX Corp. 0.13% 1,364 $263K Add +1.5%
HYXF iShares ESG Adv High Yield 0.12% 5,591 $259K Add +0.8%
META Meta Platforms Inc. Class A 0.11% 411 $235K Reduce -91.7%
XOM Exxon Mobil Corp. 0.11% 1,355 $230K New
NUDM Nuveen ESG Intl Devel MRK Eq 0.11% 6,216 $224K Add +0.8%
GS Goldman Sachs Group Inc. 0.10% 253 $214K Reduce -0.4%
MU Micron Technology Inc. 0.10% 627 $212K New
VMC Vulcan Materials Co. 0.09% 704 $192K Add +0.3%
ARKK ARK Innovation ETF 0.09% 2,752 $186K Add +0.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.09% 828 $180K New
IVV iShares Core S&P 500 ETF 0.08% 256 $167K New
VOE Vngrd Mrngstr MD-Cap Val ETF 0.08% 886 $163K New
PM Philip Morris International 0.08% 975 $161K New
KO The Coca-Cola Co. 0.07% 2,013 $153K New
OXY Occidental Petroleum Corp. 0.07% 2,309 $150K New
CSCO Cisco Systems Inc. 0.07% 1,841 $143K New
PLTR Palantir Technologies Inc. Class A 0.07% 963 $141K New
ESML iShares ESG Aware MSCI USA S 0.07% 2,925 $138K New
USB US Bancorp 0.06% 2,514 $131K New
NOBL Proshares S&P 500 Dividend A 0.06% 1,227 $130K New
DGRO iShares Core Dividend Growth 0.06% 1,776 $125K New
DIVO Amplify CWP Enhan Divid ETF 0.06% 2,716 $122K New
KIE SS SPDR S&P Insurance ETF 0.06% 2,173 $120K New
LMBS First Trust Low Duration Opp 0.05% 2,201 $110K New
ARKQ ARK Autonomous Tech & Robot 0.05% 971 $109K New
NUMV Nuveen ESG Mid-Cap Value ETF 0.05% 2,598 $101K New
COST Costco Wholesale Corp. 0.05% 100 $100K New
FRDM Freedom 100 Emeging MRKT ETF 0.05% 1,814 $99K New
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 385 $99K New
VCRB Vanguard Core Bond ETF 0.04% 1,191 $92K New
FTSM First Trust Enh Short Mat FD 0.04% 1,438 $86K New
NDAQ Nasdaq Inc. 0.04% 984 $84K New

Show all 274 holdings

Portfolio Sells Q4 2025 → Q1 2026
CGGR Cap Group Growth Equity Sold out 0.00% −4.35
FMDE Fidelity Enhanced Mid Cap Co. Reduce -99.1% 0.04% −4.35
SPY SS SPDR S&P 500 ETF Trust-US Reduce -64.8% 0.84% −1.79
FFLG Fidelity Fndmntl L/C GRW ETF Reduce -27.5% 2.78% −1.54
META Meta Platforms Inc. Class A Reduce -91.7% 0.11% −1.54
CIBR First Trust Nasdaq Cybersecu Reduce -99.3% 0.01% −0.90
ARKW ARK Next Generation Technolo Reduce -31.6% 0.75% −0.66
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -95.7% 0.03% −0.55
ROBT First Trust Nasdaq Artificia Sold out 0.00% −0.49
GOOG Alphabet Inc. Class C Reduce -0.5% 2.24% −0.34
FUTY Fidelity MSCI US Utilities Sold out 0.00% −0.24
XAR SS SPDR S&P Aerospace Def Reduce -13.3% 1.22% −0.18
QQEW First TR Nasdaq-100 Sel Eq Reduce -2.0% 0.79% −0.15
FV First Trust DW Focus 5 Fund Reduce -0.0% 1.30% −0.12
SOXQ Invesco PHLX Semiconductor Reduce -9.5% 1.21% −0.10
XLI SS Industrial Select Sector Reduce -10.3% 0.75% −0.09
NLR Vaneck Urani & Nuclr ETF-Usd Reduce -8.1% 1.00% −0.06
FTCS First Trust Capital Strength Reduce -0.9% 1.08% −0.06
FVD First Trust Value Line DVD Reduce -0.5% 1.27% −0.04
SCHG Schwab US Large-Cap Growth Reduce -1.1% 0.19% −0.04
LIT Global X Lithium & Battery T Reduce -11.4% 1.12% −0.03
XSMO Invesco S&P Smallcap Momentu Reduce -4.1% 0.95% −0.03
GS Goldman Sachs Group Inc. Reduce -0.4% 0.10% −0.01
GLD SPDR Gold Shares Reduce -2.8% 9.71% +0.07
AIRR First Trust Rba American Ind Reduce -2.7% 1.87% +0.08

Portfolio Buys Q4 2025 → Q1 2026
RPV Invesco S&P 500 Pure Value E New 4.96% +4.96
FELV Fidelity Enh LRG Cap Val ETF New 2.82% +2.82
FTHF FT Em Human Flourishing ETF New 1.94% +1.94
FLXR TCW Flexible Income ETF New 1.91% +1.91
TSM Taiwan Semiconductor-SP ADR Add +333.2% 1.81% +1.41
MFUS PIMCO Rafi Dynamic Multi-Fac Add +26.6% 5.45% +1.08
FDL First Trust Morn DVD Lead Inc. Add +35.6% 1.51% +0.49
MISL First Trust Indxx Aero & Def New 0.49% +0.49
VZ Verizon Communications Inc. Add +6.2% 1.69% +0.34
DUK Duke Energy Corp. Add +7.5% 1.66% +0.21
WMT Walmart Inc. Add +2.9% 1.80% +0.16
EIPX FT Energy Inc. Partners Strat Add +6.2% 0.78% +0.15
JNJ Johnson & Johnson Add +1.1% 1.17% +0.14
XME SS SPDR S&P Metals Mining Add +33.3% 0.46% +0.11
XOM Exxon Mobil Corp. New 0.11% +0.11
MU Micron Technology Inc. New 0.10% +0.10
AMGN Amgen Inc. Add +4.7% 1.31% +0.09
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.09% +0.09
PAVE Global X US Infrastructure Add +6.8% 1.08% +0.08
GRID First TRST Nasd Class Edg Sgiif Add +9.8% 0.76% +0.08
IVV iShares Core S&P 500 ETF New 0.08% +0.08
VOE Vngrd Mrngstr MD-Cap Val ETF New 0.08% +0.08
PM Philip Morris International New 0.08% +0.08
KO The Coca-Cola Co. New 0.07% +0.07
OXY Occidental Petroleum Corp. New 0.07% +0.07
CSCO Cisco Systems Inc. New 0.07% +0.07
PLTR Palantir Technologies Inc. Class A New 0.07% +0.07
ESML iShares ESG Aware MSCI USA S New 0.07% +0.07
USB US Bancorp New 0.06% +0.06
NOBL Proshares S&P 500 Dividend A New 0.06% +0.06
DGRO iShares Core Dividend Growth New 0.06% +0.06
DIVO Amplify CWP Enhan Divid ETF New 0.06% +0.06
KIE SS SPDR S&P Insurance ETF New 0.06% +0.06
RDVY First Trust Rising Dividend Add +9.2% 2.39% +0.06
FTXH First Trust Nasdaq Pharmaceu Add +8.2% 0.75% +0.05
LMBS First Trust Low Duration Opp New 0.05% +0.05
ARKQ ARK Autonomous Tech & Robot New 0.05% +0.05
NUMV Nuveen ESG Mid-Cap Value ETF New 0.05% +0.05
COST Costco Wholesale Corp. New 0.05% +0.05
FRDM Freedom 100 Emeging MRKT ETF New 0.05% +0.05
VOT Vngrd Mrngstr MC GRW ETF-Usd New 0.05% +0.05
VCRB Vanguard Core Bond ETF New 0.04% +0.04
FPEI First Trust Institutional PR Add +10.1% 1.44% +0.04
FTSM First Trust Enh Short Mat FD New 0.04% +0.04
LMT Lockheed Martin Corp. Add +0.7% 0.24% +0.04
VOOV Vanguard S&P 500 Value ETF Add +25.6% 0.25% +0.04
NDAQ Nasdaq Inc. New 0.04% +0.04
SYY Sysco Corp. New 0.04% +0.04
SPYV SS SPDR P S&P 500 Value ETF New 0.04% +0.04
UPS United Parcel Service Class B New 0.04% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 497$240.8MGLD, MFUS, XMHQ, BRK.B, MSFT
Q1 2026 274$208.5MGLD, MFUS, RPV, BRK.B, MSFT
Q4 2025 76$199.1MGLD, BRK.B, MSFT, FMDE, MFUS
Q3 2025 75$188.9MGLD, FFLG, MSFT, CGGR, MFUS
Q2 2025 27$21.0MFV, MSFT, ARKW, FVD, SPY
Q1 2025 248$161.0MGLD, BRK.B, RDVY, FVD, SPY
Q4 2024 135$169.7MSPYV, BRK.B, MSFT, RDVY, AIRR