McElhenny Sheffield Capital Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), McElhenny Sheffield Capital Management, LLC reported 103 stock positions worth $375.0 million. Its top holding was M/S Managed Risk ETF (MSMR) at 24.8% of the portfolio, followed by Proshares Ultrapro QQQ (TQQQ, 14.4%) and Invesco QQQ Trust Series 1 (QQQ, 13.0%). Compared with Q1 2025, it opened 15 new positions, sold out of 11, added to 17 and reduced 40. The biggest buy was a new position in Proshares Ultrapro QQQ (TQQQ) and the biggest sale iShares 7-10 Year Treasury B (IEF, shares −99%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001886813
Portfolio Value
$375.0M (Q2 2025)
SEC Filing
0001754960-25-000475 ↗ filed Jul 24, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $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 $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 103 stocks · $375.0M
MSMR M/S Managed Risk ETF 24.78% 3,003,381 $92.9M Add +10.8%
TQQQ Proshares Ultrapro QQQ 14.42% 651,420 $54.1M New
QQQ Invesco QQQ Trust Series 1 13.02% 88,482 $48.8M Add +2282.4%
SPY SS SPDR S&P 500 ETF Trust-US 9.59% 58,229 $36.0M Add +1184.3%
GLD SPDR Gold Shares 5.58% 68,690 $20.9M Reduce -32.2%
SHY iShares 1-3 Year Treasury Bo 3.91% 176,949 $14.7M New
USDU Wisdomtree BBG Usd Bullish 3.57% 519,188 $13.4M New
ITOT iShares Core S&P Total U.S. 3.14% 87,238 $11.8M New
NOBL Proshares S&P 500 Dividend A 3.11% 115,865 $11.7M Add +4995.2%
XOM Exxon Mobil Corp. 1.92% 66,832 $7.2M Reduce -0.0%
MSFT Microsoft Corp. 1.60% 12,087 $6.0M Add +11.0%
AAPL Apple Inc. 1.20% 22,018 $4.5M Add +4.9%
ABT Abbott Laboratories 0.68% 18,871 $2.6M No change
JPM JPMorgan Chase & Co. 0.62% 7,983 $2.3M Reduce -0.1%
WMT Walmart Inc. 0.49% 18,696 $1.8M Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.46% 5,849 $1.7M No change
PM Philip Morris International 0.42% 8,630 $1.6M Add +9.7%
BIL SS SPDR BB 1-3M T-Bill ETF 0.41% 16,669 $1.5M Add +21.3%
EPD Enterprise Products Partners 0.38% 45,530 $1.4M Reduce -1.6%
BX Blackstone Inc. 0.34% 8,519 $1.3M No change
IBIT iShares Bitcoin Trust ETF 0.30% 18,269 $1.1M No change
PEP Pepsico Inc. 0.29% 8,141 $1.1M No change
ETHA iShares Ethereum Trust ETF 0.25% 49,511 $944K No change
ALL Allstate Corp. 0.23% 4,286 $863K Add +126.0%
AGG iShares Core U.S. Aggregate 0.23% 8,657 $859K Reduce -7.9%
V Visa Inc. Class A 0.22% 2,345 $833K Reduce -2.9%
CAT Caterpillar Inc. 0.21% 2,062 $800K No change
RSP Invesco S&P 500 Equal Weight 0.20% 4,070 $740K New
TSLA Tesla Inc. 0.20% 2,323 $738K Add +4.6%
LMT Lockheed Martin Corp. 0.20% 1,592 $737K No change
OKE Oneok Inc. 0.19% 8,785 $717K No change
XLK SS Technology Select Sector 0.18% 2,672 $677K No change
VTIP Vanguard Short-Term Tips 0.18% 13,442 $676K Reduce -0.4%
AVGO Broadcom Inc. 0.17% 2,340 $645K Add +0.6%
MRSH Marsh & McLennan Cos 0.17% 2,897 $633K Add +40.7%
CVX Chevron Corp. 0.17% 4,378 $627K Reduce -0.1%
FBND Fidelity Total Bond ETF 0.16% 13,418 $614K Add +1.3%
TOTL SS Doubleline TR Tact ETF 0.16% 14,881 $597K Reduce -2.8%
AMGN Amgen Inc. 0.15% 2,013 $562K Reduce -5.8%
VNQ Vanguard Real Estate ETF 0.15% 6,310 $562K New
YUM Yum! Brands Inc. 0.15% 3,787 $561K No change
MO Altria Group Inc. 0.15% 9,398 $551K Reduce -2.2%
KO The Coca-Cola Co. 0.14% 7,677 $543K Reduce -0.0%
LH Labcorp Holdings Inc. 0.14% 2,012 $528K No change
PG The Procter & Gamble Co. 0.14% 3,306 $527K Reduce -0.1%
MDLZ Mondelez International Inc. Class A 0.14% 7,780 $525K No change
CB Chubb Ltd. 0.14% 1,810 $524K Reduce -3.5%
AXP American Express Co. 0.14% 1,642 $524K Reduce -0.4%
BSX Boston Scientific Corp. 0.14% 4,744 $510K Reduce -6.9%
UNH Unitedhealth Group Inc. 0.13% 1,603 $500K Add +55.2%
VRSN Verisign Inc. 0.13% 1,701 $491K New
SPGI S&P Global Inc. 0.13% 922 $486K New
MSCI MSCI Inc. 0.13% 834 $481K New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.13% 14,638 $477K New
WM Waste Management Inc. 0.13% 2,085 $477K Reduce -5.1%
GOOG Alphabet Inc. Class C 0.13% 2,688 $477K Reduce -0.7%
NVDA Nvidia Corp. 0.13% 3,011 $476K Add +1.3%
PGR Progressive Corp. 0.12% 1,718 $458K Reduce -4.6%
TMUS T-Mobile US Inc. 0.12% 1,911 $455K Reduce -2.1%
ED Consolidated Edison Inc. 0.12% 4,512 $453K Reduce -6.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 3,652 $451K Reduce -5.0%
XLF SS Financial Select Sector 0.12% 8,496 $445K Reduce -97.2%
LAMR Lamar Advertising Co. Class A 0.12% 3,660 $444K No change
MA Mastercard Inc. Class A 0.12% 781 $439K Reduce -4.6%
MCD McDonald's Corp. 0.11% 1,463 $428K Add +0.1%
ABBV Abbvie Inc. 0.11% 2,263 $420K No change
B Barrick Mining Corp. 0.11% 20,054 $418K No change
AIZ Assurant Inc. 0.11% 2,101 $415K Reduce -6.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.11% 5,121 $413K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.11% 397 $413K New
IEF iShares 7-10 Year Treasury B 0.11% 4,228 $405K Reduce -99.3%
PFE Pfizer Inc. 0.11% 16,597 $402K Reduce -0.0%
AVY Avery Dennison Corp. 0.10% 2,221 $390K Reduce -4.4%
COIN Coinbase Global Inc. Class A 0.10% 1,108 $388K New
IWF iShares Russell 1000 Growth 0.10% 913 $388K No change
TXRH Texas Roadhouse Inc. 0.10% 2,000 $375K No change
BDX Becton Dickinson and Co. 0.09% 2,066 $356K Reduce -2.1%
USMV iShares MSCI USA Min Vol Fac 0.09% 3,653 $343K Add +5.7%
FPEI First Trust Institutional PR 0.09% 17,693 $336K No change
CLIP Global X 1-3 Month T-Bill 0.09% 3,263 $328K Reduce -56.4%
TMO Thermo Fisher Scientific Inc. 0.09% 806 $327K No change
PAA Plains All Amer Pipeline LP 0.08% 16,990 $311K No change
ORCL Oracle Corp. 0.08% 1,352 $296K New
IJH iShares Core S&P Midcap ETF 0.08% 4,757 $295K Reduce -39.9%
MDY State Street SPDR S&P Midcap 0.08% 505 $286K Reduce -5.6%
PHO Invesco Water Resources ETF 0.07% 4,015 $281K No change
SCHD Schwab US DVD Equity ETF 0.07% 10,515 $279K No change
JNJ Johnson & Johnson 0.07% 1,808 $276K Reduce -0.1%
IHI iShares U.S. Medical Devices 0.07% 4,308 $270K No change
IBD Inspire Corporate Bond ETF 0.07% 10,755 $258K Reduce -49.5%
FPE FT-Preferred Secur & Inc. ETF 0.07% 14,385 $256K No change
VZ Verizon Communications Inc. 0.07% 5,913 $256K Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.07% 520 $253K Reduce -11.4%
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.07% 7,382 $251K Reduce -62.3%
XLY SS Consumer Disc Select Sect 0.06% 1,037 $225K No change
IWM iShares Russell 2000 ETF 0.06% 1,010 $218K Reduce -55.2%
ELV Elevance Health Inc. 0.06% 560 $218K Reduce -0.5%
DRSK Aptus Defined Risk ETF 0.06% 7,400 $213K No change
WELL Welltower Inc. 0.06% 1,381 $212K No change
AFL Aflac Inc. 0.06% 2,000 $211K No change
HD Home Depot Inc. 0.06% 572 $210K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 1,655 $205K New
CSX CSX Corp. 0.05% 6,152 $201K New

Portfolio Sells Q1 2025 → Q2 2025
IEF iShares 7-10 Year Treasury B Reduce -99.3% 0.11% −20.62
XLC SS Comm Select Sector SPDR Sold out 0.00% −5.47
XLF SS Financial Select Sector Reduce -97.2% 0.12% −5.44
GLD SPDR Gold Shares Reduce -32.2% 5.58% −5.35
XOM Exxon Mobil Corp. Reduce -0.0% 1.92% −1.06
EPD Enterprise Products Partners Reduce -1.6% 0.38% −0.22
ETR Entergy Corp. Sold out 0.00% −0.20
RSG Republic Services Inc. Sold out 0.00% −0.20
CLIP Global X 1-3 Month T-Bill Reduce -56.4% 0.09% −0.19
DJP Ipath Bloomberg Commodity Inc. Reduce -62.3% 0.07% −0.19
FDS Factset Research Systems Inc. Sold out 0.00% −0.19
CTAS Cintas Corp. Sold out 0.00% −0.18
ACGL Arch Capital Group Ltd. Sold out 0.00% −0.18
SYY Sysco Corp. Sold out 0.00% −0.17
AMP Ameriprise Financial Inc. Sold out 0.00% −0.16
EFA iShares MSCI Eafe ETF Sold out 0.00% −0.14
WMT Walmart Inc. Reduce -0.0% 0.49% −0.13
IBD Inspire Corporate Bond ETF Reduce -49.5% 0.07% −0.12
AGG iShares Core U.S. Aggregate Reduce -7.9% 0.23% −0.12
JPM JPMorgan Chase & Co. Reduce -0.1% 0.62% −0.12
BIBL Inspire 100 ETF Sold out 0.00% −0.11
IWM iShares Russell 2000 ETF Reduce -55.2% 0.06% −0.11
CVX Chevron Corp. Reduce -0.1% 0.17% −0.11
UGL Proshares Ultra Gold Sold out 0.00% −0.10
AMGN Amgen Inc. Reduce -5.8% 0.15% −0.10
V Visa Inc. Class A Reduce -2.9% 0.22% −0.10
IJH iShares Core S&P Midcap ETF Reduce -39.9% 0.08% −0.09
BDX Becton Dickinson and Co. Reduce -2.1% 0.09% −0.09
ED Consolidated Edison Inc. Reduce -6.2% 0.12% −0.08
TMUS T-Mobile US Inc. Reduce -2.1% 0.12% −0.07
CB Chubb Ltd. Reduce -3.5% 0.14% −0.07
VTIP Vanguard Short-Term Tips Reduce -0.4% 0.18% −0.07
TOTL SS Doubleline TR Tact ETF Reduce -2.8% 0.16% −0.07
PG The Procter & Gamble Co. Reduce -0.1% 0.14% −0.07
MO Altria Group Inc. Reduce -2.2% 0.15% −0.07
PGR Progressive Corp. Reduce -4.6% 0.12% −0.07
AIZ Assurant Inc. Reduce -6.5% 0.11% −0.07
WM Waste Management Inc. Reduce -5.1% 0.13% −0.06
KO The Coca-Cola Co. Reduce -0.0% 0.14% −0.06
BSX Boston Scientific Corp. Reduce -6.9% 0.14% −0.06
TJX TJX Companies Inc. Reduce -5.0% 0.12% −0.06
MA Mastercard Inc. Class A Reduce -4.6% 0.12% −0.05
AVY Avery Dennison Corp. Reduce -4.4% 0.10% −0.05
PFE Pfizer Inc. Reduce -0.0% 0.11% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -11.4% 0.07% −0.05
JNJ Johnson & Johnson Reduce -0.1% 0.07% −0.04
ELV Elevance Health Inc. Reduce -0.5% 0.06% −0.03
VZ Verizon Communications Inc. Reduce -0.1% 0.07% −0.03
GOOG Alphabet Inc. Class C Reduce -0.7% 0.13% −0.03
MDY State Street SPDR S&P Midcap Reduce -5.6% 0.08% −0.03

Portfolio Buys Q1 2025 → Q2 2025
TQQQ Proshares Ultrapro QQQ New 14.42% +14.42
QQQ Invesco QQQ Trust Series 1 Add +2282.4% 13.02% +12.36
SPY SS SPDR S&P 500 ETF Trust-US Add +1184.3% 9.59% +8.64
SHY iShares 1-3 Year Treasury Bo New 3.91% +3.91
USDU Wisdomtree BBG Usd Bullish New 3.57% +3.57
ITOT iShares Core S&P Total U.S. New 3.14% +3.14
NOBL Proshares S&P 500 Dividend A Add +4995.2% 3.11% +3.02
RSP Invesco S&P 500 Equal Weight New 0.20% +0.20
VNQ Vanguard Real Estate ETF New 0.15% +0.15
VRSN Verisign Inc. New 0.13% +0.13
SPGI S&P Global Inc. New 0.13% +0.13
MSCI MSCI Inc. New 0.13% +0.13
VICI Vici Properties Inc. New 0.13% +0.13
GWW WW Grainger Inc. New 0.11% +0.11
COIN Coinbase Global Inc. Class A New 0.10% +0.10
ALL Allstate Corp. Add +126.0% 0.23% +0.08
ORCL Oracle Corp. New 0.08% +0.08
MSFT Microsoft Corp. Add +11.0% 1.60% +0.07
DIS The Walt Disney Co. New 0.05% +0.05
CSX CSX Corp. New 0.05% +0.05
AVGO Broadcom Inc. Add +0.6% 0.17% +0.03
NVDA Nvidia Corp. Add +1.3% 0.13% +0.01
TSLA Tesla Inc. Add +4.6% 0.20% −0.02
MRSH Marsh & McLennan Cos Add +40.7% 0.17% −0.02
USMV iShares MSCI USA Min Vol Fac Add +5.7% 0.09% −0.03
PM Philip Morris International Add +9.7% 0.42% −0.05
MCD McDonald's Corp. Add +0.1% 0.11% −0.06
FBND Fidelity Total Bond ETF Add +1.3% 0.16% −0.06
BIL SS SPDR BB 1-3M T-Bill ETF Add +21.3% 0.41% −0.06
UNH Unitedhealth Group Inc. Add +55.2% 0.13% −0.07
AAPL Apple Inc. Add +4.9% 1.20% −0.54
MSMR M/S Managed Risk ETF Add +10.8% 24.78% −5.41

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