McElhenny Sheffield Capital Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 17, 2024), McElhenny Sheffield Capital Management, LLC reported 95 stock positions worth $280.9 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 16.0% of the portfolio, followed by M/S Managed Risk ETF (MSMR, 15.9%) and Proshares Ultrapro QQQ (TQQQ, 10.7%). Compared with Q4 2023, it opened 10 new positions, sold out of 5, added to 17 and reduced 42. The biggest buy was a new position in iShares U.S. Aerospace & Def (ITA) and the biggest sale an exit from SS Comm Select Sector SPDR (XLC).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001886813
Portfolio Value
$280.9M (Q1 2024)
SEC Filing
0001754960-24-000144 ↗ filed Apr 17, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $280.9M $280.9M Q1 2024 Q2 2024: $290.0M Q2 2024 Q3 2024: $304.9M Q3 2024 Q4 2024: $298.4M Q4 2024 Q1 2025: $266.8M Q1 2025 Q2 2025: $375.0M Q2 2025 Q3 2025: $422.0M Q3 2025 Q4 2025: $410.9M Q4 2025 Q1 2026: $403.4M Q1 2026 Q2 2026: $403.8M Q2 2026

Holdings 95 stocks · $280.9M
QQQ Invesco QQQ Trust Series 1 16.01% 101,287 $45.0M Reduce -8.4%
MSMR M/S Managed Risk ETF 15.88% 1,613,165 $44.6M Add +9.3%
TQQQ Proshares Ultrapro QQQ 10.69% 487,830 $30.0M Add +2.8%
SPY SS SPDR S&P 500 ETF Trust-US 9.59% 52,670 $26.9M Reduce -0.9%
ITA iShares U.S. Aerospace & Def 6.84% 145,683 $19.2M New
XLK SS Technology Select Sector 5.60% 75,494 $15.7M Add +2760.7%
XLF SS Financial Select Sector 5.56% 370,441 $15.6M Add +4832.6%
ITOT iShares Core S&P Total U.S. 4.11% 100,034 $11.5M Reduce -7.7%
AAPL Apple Inc. 3.08% 50,112 $8.7M Reduce -0.1%
XOM Exxon Mobil Corp. 2.62% 63,225 $7.3M Reduce -1.9%
MSFT Microsoft Corp. 1.69% 11,257 $4.7M Reduce -0.2%
IJJ iShares S&P Mid-Cap 400 Valu 1.02% 25,544 $2.9M Reduce -2.5%
ABT Abbott Laboratories 0.77% 18,919 $2.2M No change
WMT Walmart Inc. 0.62% 28,985 $1.7M Add +52.7%
JPM JPMorgan Chase & Co. 0.58% 8,121 $1.6M Add +1.1%
RSP Invesco S&P 500 Equal Weight 0.52% 8,663 $1.5M Reduce -15.6%
PEP Pepsico Inc. 0.51% 8,257 $1.4M Reduce -27.4%
EPD Enterprise Products Partners 0.48% 46,637 $1.4M Add +0.0%
BX Blackstone Inc. 0.40% 8,519 $1.1M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.40% 5,837 $1.1M Reduce -0.2%
BIL SS SPDR BB 1-3M T-Bill ETF 0.38% 11,660 $1.1M Add +0.0%
UNH Unitedhealth Group Inc. 0.35% 2,014 $996K Add +0.3%
ELV Elevance Health Inc. 0.30% 1,649 $855K Reduce -3.4%
MRK Merck & Co. Inc. 0.29% 6,163 $813K New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.28% 10,235 $796K Reduce -5.7%
HIG Hartford Insurance Group Inc. 0.27% 7,356 $758K Reduce -11.5%
CAT Caterpillar Inc. 0.27% 2,050 $751K No change
OKE Oneok Inc. 0.26% 9,084 $728K Reduce -4.2%
CB Chubb Ltd. 0.26% 2,810 $727K Reduce -4.1%
LMT Lockheed Martin Corp. 0.26% 1,587 $722K No change
PM Philip Morris International 0.26% 7,827 $717K No change
CVX Chevron Corp. 0.25% 4,475 $706K Add +0.4%
WM Waste Management Inc. 0.24% 3,216 $685K Reduce -10.9%
VNQ Vanguard Real Estate ETF 0.24% 7,794 $674K New
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.23% 7,454 $659K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.23% 6,429 $652K Reduce -5.6%
VTIP Vanguard Short-Term Tips 0.23% 13,442 $644K No change
HLT Hilton Worldwide Holdings Inc. 0.23% 2,985 $637K New
MRSH Marsh & McLennan Cos 0.23% 3,074 $633K Reduce -5.8%
AMGN Amgen Inc. 0.22% 2,210 $628K No change
V Visa Inc. Class A 0.22% 2,244 $626K Reduce -4.8%
RSG Republic Services Inc. 0.22% 3,264 $625K Reduce -4.8%
CI The Cigna Group 0.22% 1,719 $624K Reduce -6.1%
DRI Darden Restaurants Inc. 0.22% 3,715 $621K Reduce -7.3%
ORLY O'reilly Automotive Inc. 0.22% 540 $610K No change
MA Mastercard Inc. Class A 0.21% 1,243 $599K Reduce -4.8%
SYY Sysco Corp. 0.21% 7,220 $586K New
IBD Inspire Corporate Bond ETF 0.20% 23,762 $558K No change
PAYX Paychex Inc. 0.20% 4,489 $551K Reduce -1.9%
MDLZ Mondelez International Inc. Class A 0.19% 7,780 $545K Reduce -0.5%
YUM Yum! Brands Inc. 0.19% 3,844 $533K Reduce -55.7%
PG The Procter & Gamble Co. 0.19% 3,276 $532K Reduce -51.8%
TOTL SS Doubleline TR Tact ETF 0.19% 13,244 $530K Reduce -0.8%
AGG iShares Core U.S. Aggregate 0.19% 5,322 $521K Add +4.2%
GL Globe Life Inc. 0.18% 4,439 $517K New
KO The Coca-Cola Co. 0.17% 7,748 $474K Reduce -0.3%
TMO Thermo Fisher Scientific Inc. 0.17% 800 $465K No change
FBND Fidelity Total Bond ETF 0.16% 10,190 $462K Add +5.6%
PFE Pfizer Inc. 0.16% 16,499 $458K No change
LH Laboratory CRP of Amer Hldgs 0.16% 2,003 $438K Reduce -0.3%
LAMR Lamar Advertising Co. Class A 0.16% 3,648 $436K No change
MO Altria Group Inc. 0.15% 9,579 $418K Add +2.2%
GOOG Alphabet Inc. Class C 0.15% 2,742 $417K No change
MCD McDonald's Corp. 0.14% 1,465 $407K Reduce -57.9%
IWM iShares Russell 2000 ETF 0.14% 1,924 $405K Reduce -8.3%
IJH iShares Core S&P Midcap ETF 0.14% 6,578 $400K Reduce -9.9%
ABBV Abbvie Inc. 0.14% 2,234 $395K Reduce -0.1%
AVGO Broadcom Inc. 0.13% 277 $371K No change
AXP American Express Co. 0.13% 1,623 $369K Reduce -0.1%
BIBL Inspire 100 ETF 0.13% 9,365 $364K Reduce -0.5%
JNK SS SPDR BB High Yield Bond 0.13% 3,767 $359K Reduce -5.1%
ICLR Icon PLC 0.12% 1,000 $336K No change
B Barrick Gold Corp. 0.12% 20,054 $334K No change
ALL Allstate Corp. 0.12% 1,896 $328K No change
JNJ Johnson & Johnson 0.12% 2,087 $326K Reduce -0.7%
IHI iShares U.S. Medical Devices 0.12% 5,538 $324K Reduce -3.6%
FPEI First Trust Institutional PR 0.11% 17,693 $322K No change
TXRH Texas Roadhouse Inc. 0.11% 2,000 $309K No change
PHO Invesco Water Resources ETF 0.11% 4,620 $308K No change
SCHD Schwab US DVD Equity ETF 0.11% 3,805 $307K No change
PXD Pioneer Natural Resources Co. 0.11% 1,162 $305K Reduce -0.4%
PAA Plains All Amer Pipeline LP 0.11% 16,990 $298K No change
USMV iShares MSCI USA Min Vol Fac 0.10% 3,530 $295K Reduce -4.7%
EFA iShares MSCI Eafe ETF 0.10% 3,471 $277K Reduce -10.9%
TGT Target Corp. 0.10% 1,550 $275K No change
VZ Verizon Communications Inc. 0.09% 6,322 $265K Add +0.3%
NVDA Nvidia Corp. 0.09% 274 $246K New
HD Home Depot Inc. 0.09% 624 $239K Add +0.2%
CSX CSX Corp. 0.08% 6,295 $233K No change
NOBL Proshares S&P 500 Dividend A 0.08% 2,274 $231K No change
INTC Intel Corp. 0.07% 4,737 $209K No change
HON Honeywell International Inc. 0.07% 1,016 $208K Add +0.3%
MSI Motorola Solutions Inc. 0.07% 574 $204K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 1,655 $202K New
ET Energy Transfer LP 0.06% 10,226 $161K Add +0.4%

Portfolio Sells Q4 2023 → Q1 2024
XLC SS Comm Select Sector SPDR Sold out 0.00% −7.04
HDV iShares Core High Dividend E Sold out 0.00% −6.55
QQQ Invesco QQQ Trust Series 1 Reduce -8.4% 16.01% −2.40
AAPL Apple Inc. Reduce -0.1% 3.08% −0.82
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.9% 9.59% −0.59
ITOT iShares Core S&P Total U.S. Reduce -7.7% 4.11% −0.53
MCD McDonald's Corp. Reduce -57.9% 0.14% −0.27
HWM Howmet Aerospace Inc. Sold out 0.00% −0.27
YUM Yum! Brands Inc. Reduce -55.7% 0.19% −0.27
PEP Pepsico Inc. Reduce -27.4% 0.51% −0.27
NDAQ Nasdaq Inc. Sold out 0.00% −0.24
PG The Procter & Gamble Co. Reduce -51.8% 0.19% −0.22
IJJ iShares S&P Mid-Cap 400 Valu Reduce -2.5% 1.02% −0.18
RSP Invesco S&P 500 Equal Weight Reduce -15.6% 0.52% −0.14
TSLA Tesla Inc. Sold out 0.00% −0.09
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -5.7% 0.28% −0.06
DRI Darden Restaurants Inc. Reduce -7.3% 0.22% −0.05
MSFT Microsoft Corp. Reduce -0.2% 1.69% −0.04
MDLZ Mondelez International Inc. Class A Reduce -0.5% 0.19% −0.04
LH Laboratory CRP of Amer Hldgs Reduce -0.3% 0.16% −0.03
TOTL SS Doubleline TR Tact ETF Reduce -0.8% 0.19% −0.03
TJX TJX Companies Inc. Reduce -5.6% 0.23% −0.03
IWM iShares Russell 2000 ETF Reduce -8.3% 0.14% −0.03
V Visa Inc. Class A Reduce -4.8% 0.22% −0.03
MRSH Marsh & McLennan Cos Reduce -5.8% 0.23% −0.03
PAYX Paychex Inc. Reduce -1.9% 0.20% −0.03
JNK SS SPDR BB High Yield Bond Reduce -5.1% 0.13% −0.03
ELV Elevance Health Inc. Reduce -3.4% 0.30% −0.02
IJH iShares Core S&P Midcap ETF Reduce -9.9% 0.14% −0.02
EFA iShares MSCI Eafe ETF Reduce -10.9% 0.10% −0.02
WM Waste Management Inc. Reduce -10.9% 0.24% −0.02
JNJ Johnson & Johnson Reduce -0.7% 0.12% −0.02
KO The Coca-Cola Co. Reduce -0.3% 0.17% −0.02
MA Mastercard Inc. Class A Reduce -4.8% 0.21% −0.01
USMV iShares MSCI USA Min Vol Fac Reduce -4.7% 0.10% −0.01
OKE Oneok Inc. Reduce -4.2% 0.26% −0.01
IHI iShares U.S. Medical Devices Reduce -3.6% 0.12% −0.01
CB Chubb Ltd. Reduce -4.1% 0.26% −0.01
RSG Republic Services Inc. Reduce -4.8% 0.22% −0.01
XOM Exxon Mobil Corp. Reduce -1.9% 2.62% −0.01
BIBL Inspire 100 ETF Reduce -0.5% 0.13% −0.00
ABBV Abbvie Inc. Reduce -0.1% 0.14% −0.00
HIG Hartford Insurance Group Inc. Reduce -11.5% 0.27% −0.00
CI The Cigna Group Reduce -6.1% 0.22% −0.00
PXD Pioneer Natural Resources Co. Reduce -0.4% 0.11% +0.00
AXP American Express Co. Reduce -0.1% 0.13% +0.01
IBM Intl Business Machines Corp. Reduce -0.2% 0.40% +0.01

Portfolio Buys Q4 2023 → Q1 2024
ITA iShares U.S. Aerospace & Def New 6.84% +6.84
XLF SS Financial Select Sector Add +4832.6% 5.56% +5.44
XLK SS Technology Select Sector Add +2760.7% 5.60% +5.39
TQQQ Proshares Ultrapro QQQ Add +2.8% 10.69% +0.91
MSMR M/S Managed Risk ETF Add +9.3% 15.88% +0.64
MRK Merck & Co. Inc. New 0.29% +0.29
VNQ Vanguard Real Estate ETF New 0.24% +0.24
WRB WR Berkley Corp. New 0.23% +0.23
HLT Hilton Worldwide Holdings Inc. New 0.23% +0.23
WMT Walmart Inc. Add +52.7% 0.62% +0.22
SYY Sysco Corp. New 0.21% +0.21
GL Globe Life Inc. New 0.18% +0.18
NVDA Nvidia Corp. New 0.09% +0.09
MSI Motorola Solutions Inc. New 0.07% +0.07
DIS The Walt Disney Co. New 0.07% +0.07
JPM JPMorgan Chase & Co. Add +1.1% 0.58% +0.02
ET Energy Transfer LP Add +0.4% 0.06% +0.00
VZ Verizon Communications Inc. Add +0.3% 0.09% −0.00
HD Home Depot Inc. Add +0.2% 0.09% −0.00
MO Altria Group Inc. Add +2.2% 0.15% −0.01
HON Honeywell International Inc. Add +0.3% 0.07% −0.01
EPD Enterprise Products Partners Add +0.0% 0.48% −0.02
FBND Fidelity Total Bond ETF Add +5.6% 0.16% −0.02
CVX Chevron Corp. Add +0.4% 0.25% −0.02
AGG iShares Core U.S. Aggregate Add +4.2% 0.19% −0.02
BIL SS SPDR BB 1-3M T-Bill ETF Add +0.0% 0.38% −0.05
UNH Unitedhealth Group Inc. Add +0.3% 0.35% −0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$403.8MMSMR, IEF, SGOV, SPY, NOBL
Q1 2026 95$403.4MMSMR, SHY, SGOV, IBB, IHE
Q4 2025 100$410.9MMSMR, TQQQ, QQQ, SPY, IBB
Q3 2025 106$422.0MMSMR, TQQQ, QQQ, SPY, ITA
Q2 2025Amended 103$375.0MMSMR, TQQQ, QQQ, SPY, GLD
Q1 2025 99$266.8MMSMR, IEF, GLD, XLF, XLC
Q4 2024 102$298.4MMSMR, BIL, SGOV, SPY, XLU
Q3 2024 101$304.9MMSMR, QQQ, TQQQ, SPY, XLU
Q2 2024 92$290.0MMSMR, QQQ, TQQQ, SPY, IHE
Q1 2024 95$280.9MQQQ, MSMR, TQQQ, SPY, ITA