McElhenny Sheffield Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), McElhenny Sheffield Capital Management, LLC reported 106 stock positions worth $422.0 million. Its top holding was M/S Managed Risk ETF (MSMR) at 24.1% of the portfolio, followed by Proshares Ultrapro QQQ (TQQQ, 16.7%) and Invesco QQQ Trust Series 1 (QQQ, 13.7%). Compared with Q2 2025, it opened 21 new positions, sold out of 18, added to 44 and reduced 31. The biggest buy was a new position in iShares U.S. Aerospace & Def (ITA) and the biggest sale an exit from SPDR Gold Shares (GLD).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001886813
- Portfolio Value
- $422.0M (Q3 2025)
- SEC Filing
- 0001754960-25-000701 ↗ filed Oct 21, 2025
Holdings Value
Holdings 106 stocks · $422.0M
| MSMR M/S Managed Risk ETF | 24.06% | 3,001,873 | $101.5M | Reduce -0.1% |
| TQQQ Proshares Ultrapro QQQ | 16.73% | 682,781 | $70.6M | Add +4.8% |
| QQQ Invesco QQQ Trust Series 1 | 13.68% | 96,167 | $57.7M | Add +8.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 9.21% | 58,304 | $38.8M | Add +0.1% |
| ITA iShares U.S. Aerospace & Def | 5.40% | 108,981 | $22.8M | New |
| XLK SS Technology Select Sector | 4.15% | 62,082 | $17.5M | Add +2223.4% |
| XLI SS Industrial Select Sector | 3.73% | 102,130 | $15.8M | New |
| ITOT iShares Core S&P Total U.S. | 3.26% | 94,400 | $13.7M | Add +8.2% |
| NOBL Proshares S&P 500 Dividend A | 2.88% | 118,062 | $12.2M | Add +1.9% |
| MSFT Microsoft Corp. | 1.60% | 13,054 | $6.8M | Add +8.0% |
| AAPL Apple Inc. | 1.51% | 25,105 | $6.4M | Add +14.0% |
| XOM Exxon Mobil Corp. | 0.64% | 23,770 | $2.7M | Reduce -64.4% |
| JPM JPMorgan Chase & Co. | 0.62% | 8,336 | $2.6M | Add +4.4% |
| ABT Abbott Laboratories | 0.61% | 19,190 | $2.6M | Add +1.7% |
| WMT Walmart Inc. | 0.47% | 19,397 | $2.0M | Add +3.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.40% | 6,018 | $1.7M | Add +2.9% |
| IBIT iShares Bitcoin Trust ETF | 0.40% | 26,092 | $1.7M | Add +42.8% |
| NVDA Nvidia Corp. | 0.36% | 8,033 | $1.5M | Add +166.8% |
| BX Blackstone Inc. | 0.35% | 8,697 | $1.5M | Add +2.1% |
| EPD Enterprise Products Partners | 0.34% | 45,530 | $1.4M | No change |
| PM Philip Morris International | 0.32% | 8,417 | $1.4M | Reduce -2.5% |
| ETHA iShares Ethereum Trust ETF | 0.29% | 39,449 | $1.2M | Reduce -20.3% |
| PEP Pepsico Inc. | 0.28% | 8,479 | $1.2M | Add +4.2% |
| AVGO Broadcom Inc. | 0.26% | 3,290 | $1.1M | Add +40.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.25% | 11,714 | $1.1M | Reduce -29.7% |
| CAT Caterpillar Inc. | 0.24% | 2,112 | $1.0M | Add +2.4% |
| GOOG Alphabet Inc. Class C | 0.21% | 3,706 | $903K | Add +37.9% |
| AGG iShares Core U.S. Aggregate | 0.20% | 8,483 | $850K | Reduce -2.0% |
| ALL Allstate Corp. | 0.20% | 3,848 | $826K | Reduce -10.2% |
| LMT Lockheed Martin Corp. | 0.19% | 1,618 | $808K | Add +1.6% |
| CVX Chevron Corp. | 0.17% | 4,610 | $716K | Add +5.3% |
| VTIP Vanguard Short-Term Tips | 0.16% | 13,442 | $681K | No change |
| B Barrick Mining Corp. | 0.16% | 20,054 | $657K | No change |
| OKE Oneok Inc. | 0.15% | 8,867 | $647K | Add +0.9% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 0.15% | 18,224 | $646K | Add +146.9% |
| FBND Fidelity Total Bond ETF | 0.14% | 12,970 | $600K | Reduce -3.3% |
| TOTL SS Doubleline TR Tact ETF | 0.14% | 14,734 | $598K | Reduce -1.0% |
| AMGN Amgen Inc. | 0.14% | 2,117 | $597K | Add +5.2% |
| ABBV Abbvie Inc. | 0.14% | 2,578 | $597K | Add +13.9% |
| AXP American Express Co. | 0.14% | 1,779 | $591K | Add +8.3% |
| YUM Yum! Brands Inc. | 0.14% | 3,839 | $584K | Add +1.4% |
| LH Labcorp Holdings Inc. | 0.14% | 2,005 | $576K | Reduce -0.3% |
| CSX CSX Corp. | 0.14% | 16,121 | $572K | Add +162.0% |
| MO Altria Group Inc. | 0.13% | 8,518 | $563K | Reduce -9.4% |
| AMZN Amazon.com Inc. | 0.13% | 2,459 | $540K | New |
| PG The Procter & Gamble Co. | 0.13% | 3,473 | $534K | Add +5.0% |
| KO The Coca-Cola Co. | 0.12% | 7,837 | $520K | Add +2.1% |
| MDLZ Mondelez International Inc. Class A | 0.12% | 8,121 | $507K | Add +4.4% |
| MCD McDonald's Corp. | 0.12% | 1,665 | $506K | Add +13.8% |
| TSLA Tesla Inc. | 0.12% | 1,134 | $504K | Reduce -51.2% |
| ORCL Oracle Corp. | 0.11% | 1,702 | $479K | Add +25.9% |
| V Visa Inc. Class A | 0.11% | 1,364 | $466K | Reduce -41.8% |
| META Meta Platforms Inc. Class A | 0.11% | 626 | $460K | New |
| XLF SS Financial Select Sector | 0.11% | 8,401 | $453K | Reduce -1.1% |
| LAMR Lamar Advertising Co. Class A | 0.11% | 3,645 | $446K | Reduce -0.4% |
| TMO Thermo Fisher Scientific Inc. | 0.10% | 912 | $442K | Add +13.2% |
| MA Mastercard Inc. Class A | 0.10% | 773 | $440K | Reduce -1.0% |
| PFE Pfizer Inc. | 0.10% | 17,216 | $439K | Add +3.7% |
| IJH iShares Core S&P Midcap ETF | 0.10% | 6,635 | $433K | Add +39.5% |
| IWF iShares Russell 1000 Growth | 0.10% | 903 | $423K | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.10% | 2,254 | $418K | Add +24.7% |
| UNH Unitedhealth Group Inc. | 0.10% | 1,203 | $415K | Reduce -24.9% |
| GOOGL Alphabet Inc. Class A | 0.09% | 1,610 | $391K | New |
| SPGI S&P Global Inc. | 0.09% | 791 | $385K | Reduce -14.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 763 | $384K | Add +46.7% |
| MRSH Marsh & McLennan Cos | 0.09% | 1,869 | $377K | Reduce -35.5% |
| IWM iShares Russell 2000 ETF | 0.09% | 1,548 | $375K | Add +53.3% |
| MSCI MSCI Inc. | 0.09% | 660 | $374K | Reduce -20.9% |
| LIN Linde PLC | 0.09% | 781 | $371K | New |
| RSG Republic Services Inc. | 0.08% | 1,550 | $356K | New |
| USMV iShares MSCI USA Min Vol Fac | 0.08% | 3,653 | $348K | No change |
| SYY Sysco Corp. | 0.08% | 4,175 | $344K | New |
| AIZ Assurant Inc. | 0.08% | 1,583 | $343K | Reduce -24.6% |
| FPEI First Trust Institutional PR | 0.08% | 17,693 | $342K | No change |
| AVY Avery Dennison Corp. | 0.08% | 2,098 | $340K | Reduce -5.5% |
| HST Host Hotels & Resorts Inc. | 0.08% | 19,938 | $339K | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.08% | 10,375 | $338K | Reduce -29.1% |
| TXRH Texas Roadhouse Inc. | 0.08% | 2,000 | $332K | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.08% | 348 | $332K | Reduce -12.3% |
| HD Home Depot Inc. | 0.08% | 809 | $328K | Add +41.4% |
| TSN Tyson Foods Inc. Class A | 0.08% | 5,986 | $325K | New |
| TAP Molson Coors Beverage Co. Class B | 0.07% | 6,733 | $305K | New |
| EFA iShares MSCI Eafe ETF | 0.07% | 3,170 | $296K | New |
| PAA Plains All Amer Pipeline LP | 0.07% | 16,990 | $290K | No change |
| BDX Becton Dickinson and Co. | 0.07% | 1,535 | $287K | Reduce -25.7% |
| PHO Invesco Water Resources ETF | 0.07% | 3,955 | $285K | Reduce -1.5% |
| VZ Verizon Communications Inc. | 0.07% | 6,390 | $281K | Add +8.1% |
| SCHD Schwab US DVD Equity ETF | 0.07% | 10,275 | $281K | Reduce -2.3% |
| TDG Transdigm Group Inc. | 0.07% | 210 | $277K | New |
| VRSK Verisk Analytics Inc. | 0.07% | 1,100 | $277K | New |
| WELL Welltower Inc. | 0.07% | 1,552 | $276K | Add +12.4% |
| MDY State Street SPDR S&P Midcap | 0.06% | 445 | $265K | Reduce -11.9% |
| CADE Cadence Bank | 0.06% | 7,000 | $263K | New |
| FPE FT-Preferred Secur & Inc. ETF | 0.06% | 14,385 | $262K | No change |
| VNQ Vanguard Real Estate ETF | 0.06% | 2,755 | $252K | Reduce -56.3% |
| IHI iShares U.S. Medical Devices | 0.06% | 4,158 | $250K | Reduce -3.5% |
| MU Micron Technology Inc. | 0.06% | 1,493 | $250K | New |
| XLY SS Consumer Disc Select Sect | 0.06% | 1,037 | $249K | No change |
| AFL Aflac Inc. | 0.05% | 2,070 | $231K | Add +3.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.05% | 1,964 | $225K | Add +18.7% |
Portfolio Sells Q2 2025 → Q3 2025
| GLD SPDR Gold Shares | Sold out | 0.00% | −5.58 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −3.91 |
| USDU Wisdomtree BBG Usd Bullish | Sold out | 0.00% | −3.57 |
| XOM Exxon Mobil Corp. | Reduce -64.4% | 0.64% | −1.29 |
| MSMR M/S Managed Risk ETF | Reduce -0.1% | 24.06% | −0.71 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.20 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -29.7% | 0.25% | −0.15 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.14 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.14 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.13 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.13 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.12 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.12 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.12 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.12 |
| V Visa Inc. Class A | Reduce -41.8% | 0.11% | −0.11 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.11 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.11 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.10 |
| PM Philip Morris International | Reduce -2.5% | 0.32% | −0.10 |
| VNQ Vanguard Real Estate ETF | Reduce -56.3% | 0.06% | −0.09 |
| CLIP Global X 1-3 Month T-Bill | Sold out | 0.00% | −0.09 |
| MRSH Marsh & McLennan Cos | Reduce -35.5% | 0.09% | −0.08 |
| TSLA Tesla Inc. | Reduce -51.2% | 0.12% | −0.08 |
| IBD Inspire Corporate Bond ETF | Sold out | 0.00% | −0.07 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.06 |
| VICI Vici Properties Inc. | Reduce -29.1% | 0.08% | −0.05 |
| MSCI MSCI Inc. | Reduce -20.9% | 0.09% | −0.04 |
| SPGI S&P Global Inc. | Reduce -14.2% | 0.09% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -24.9% | 0.10% | −0.03 |
| ALL Allstate Corp. | Reduce -10.2% | 0.20% | −0.03 |
| GWW WW Grainger Inc. | Reduce -12.3% | 0.08% | −0.03 |
| AIZ Assurant Inc. | Reduce -24.6% | 0.08% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -2.0% | 0.20% | −0.03 |
| BDX Becton Dickinson and Co. | Reduce -25.7% | 0.07% | −0.03 |
| AVY Avery Dennison Corp. | Reduce -5.5% | 0.08% | −0.02 |
| FBND Fidelity Total Bond ETF | Reduce -3.3% | 0.14% | −0.02 |
| TOTL SS Doubleline TR Tact ETF | Reduce -1.0% | 0.14% | −0.02 |
| MO Altria Group Inc. | Reduce -9.4% | 0.13% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -11.9% | 0.06% | −0.01 |
| IHI iShares U.S. Medical Devices | Reduce -3.5% | 0.06% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -1.0% | 0.10% | −0.01 |
| LAMR Lamar Advertising Co. Class A | Reduce -0.4% | 0.11% | −0.01 |
| XLF SS Financial Select Sector | Reduce -1.1% | 0.11% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.3% | 0.07% | −0.01 |
| PHO Invesco Water Resources ETF | Reduce -1.5% | 0.07% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -0.3% | 0.14% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -1.1% | 0.10% | −0.00 |
| ETHA iShares Ethereum Trust ETF | Reduce -20.3% | 0.29% | +0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| ITA iShares U.S. Aerospace & Def | New | 5.40% | +5.40 |
| XLK SS Technology Select Sector | Add +2223.4% | 4.15% | +3.97 |
| XLI SS Industrial Select Sector | New | 3.73% | +3.73 |
| TQQQ Proshares Ultrapro QQQ | Add +4.8% | 16.73% | +2.31 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.7% | 13.68% | +0.67 |
| AAPL Apple Inc. | Add +14.0% | 1.51% | +0.31 |
| NVDA Nvidia Corp. | Add +166.8% | 0.36% | +0.23 |
| AMZN Amazon.com Inc. | New | 0.13% | +0.13 |
| ITOT iShares Core S&P Total U.S. | Add +8.2% | 3.26% | +0.12 |
| META Meta Platforms Inc. Class A | New | 0.11% | +0.11 |
| IBIT iShares Bitcoin Trust ETF | Add +42.8% | 0.40% | +0.10 |
| GOOGL Alphabet Inc. Class A | New | 0.09% | +0.09 |
| LIN Linde PLC | New | 0.09% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +37.9% | 0.21% | +0.09 |
| DJP Ipath Bloomberg Commodity Inc. | Add +146.9% | 0.15% | +0.09 |
| AVGO Broadcom Inc. | Add +40.6% | 0.26% | +0.09 |
| RSG Republic Services Inc. | New | 0.08% | +0.08 |
| CSX CSX Corp. | Add +162.0% | 0.14% | +0.08 |
| SYY Sysco Corp. | New | 0.08% | +0.08 |
| HST Host Hotels & Resorts Inc. | New | 0.08% | +0.08 |
| TSN Tyson Foods Inc. Class A | New | 0.08% | +0.08 |
| TAP Molson Coors Beverage Co. Class B | New | 0.07% | +0.07 |
| EFA iShares MSCI Eafe ETF | New | 0.07% | +0.07 |
| TDG Transdigm Group Inc. | New | 0.07% | +0.07 |
| VRSK Verisk Analytics Inc. | New | 0.07% | +0.07 |
| CADE Cadence Bank | New | 0.06% | +0.06 |
| MU Micron Technology Inc. | New | 0.06% | +0.06 |
| HON Honeywell International Inc. | New | 0.05% | +0.05 |
| MSI Motorola Solutions Inc. | New | 0.05% | +0.05 |
| VEA Vanguard Ftse Developed ETF | New | 0.05% | +0.05 |
| FAST Fastenal Co. | New | 0.05% | +0.05 |
| GBDC Golub Capital BDC Inc. | New | 0.04% | +0.04 |
| ORCL Oracle Corp. | Add +25.9% | 0.11% | +0.03 |
| IWM iShares Russell 2000 ETF | Add +53.3% | 0.09% | +0.03 |
| ABBV Abbvie Inc. | Add +13.9% | 0.14% | +0.03 |
| CAT Caterpillar Inc. | Add +2.4% | 0.24% | +0.03 |
| JNJ Johnson & Johnson | Add +24.7% | 0.10% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +39.5% | 0.10% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +46.7% | 0.09% | +0.02 |
| HD Home Depot Inc. | Add +41.4% | 0.08% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | Add +13.2% | 0.10% | +0.02 |
| BX Blackstone Inc. | Add +2.1% | 0.35% | +0.01 |
| WELL Welltower Inc. | Add +12.4% | 0.07% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +4.4% | 0.62% | +0.01 |
| MCD McDonald's Corp. | Add +13.8% | 0.12% | +0.01 |
| CVX Chevron Corp. | Add +5.3% | 0.17% | +0.00 |
| AXP American Express Co. | Add +8.3% | 0.14% | +0.00 |
| MSFT Microsoft Corp. | Add +8.0% | 1.60% | −0.00 |
| AFL Aflac Inc. | Add +3.5% | 0.05% | −0.00 |
| DIS The Walt Disney Co. | Add +18.7% | 0.05% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 108 | $403.8M | MSMR, IEF, SGOV, SPY, NOBL |
| Q1 2026 | 95 | $403.4M | MSMR, SHY, SGOV, IBB, IHE |
| Q4 2025 | 100 | $410.9M | MSMR, TQQQ, QQQ, SPY, IBB |
| Q3 2025 | 106 | $422.0M | MSMR, TQQQ, QQQ, SPY, ITA |
| Q2 2025Amended | 103 | $375.0M | MSMR, TQQQ, QQQ, SPY, GLD |
| Q1 2025 | 99 | $266.8M | MSMR, IEF, GLD, XLF, XLC |
| Q4 2024 | 102 | $298.4M | MSMR, BIL, SGOV, SPY, XLU |
| Q3 2024 | 101 | $304.9M | MSMR, QQQ, TQQQ, SPY, XLU |
| Q2 2024 | 92 | $290.0M | MSMR, QQQ, TQQQ, SPY, IHE |
| Q1 2024 | 95 | $280.9M | QQQ, MSMR, TQQQ, SPY, ITA |