MCF Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), MCF Advisors LLC reported 963 stock positions worth $1.6 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 17.8% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 7.6%) and iShares US Treasury Bond ETF (GOVT, 6.1%). Compared with Q2 2025, it opened 115 new positions, sold out of 45, added to 301 and reduced 118. The biggest buy was SS SPDR P St C Corp. ETF (SPSB, shares +31%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- LEXINGTON, KY
- CIK
- 0001602905
- Portfolio Value
- $1.6B (Q3 2025)
- SEC Filing
- 0001602905-25-000007 ↗ filed Nov 5, 2025
Holdings Value
Holdings 963 stocks · $1.6B
| VOO Vanguard S&P 500 ETF | 17.76% | 472,305 | $289.9M | Reduce -6.1% |
| IDEV iShares Core MSCI Dev MKTS | 7.63% | 1,553,140 | $124.5M | Add +2.4% |
| GOVT iShares US Treasury Bond ETF | 6.06% | 4,277,182 | $98.9M | Add +3.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.88% | 143,693 | $95.9M | Reduce -1.2% |
| SPSB SS SPDR P St C Corp. ETF | 5.36% | 2,888,561 | $87.5M | Add +31.5% |
| IEMG iShares Core MSCI Emerging | 4.81% | 1,190,449 | $78.5M | Reduce -3.4% |
| IJH iShares Core S&P Midcap ETF | 3.99% | 996,869 | $65.1M | Reduce -1.4% |
| SCHO Schwab Short-Term US Treas | 3.89% | 2,601,249 | $63.5M | Add +7.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 3.54% | 1,085,864 | $57.8M | Add +13.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.95% | 257,775 | $48.2M | Add +3.5% |
| IVV iShares Core S&P 500 ETF | 2.76% | 67,368 | $45.1M | Reduce -1.7% |
| USIG iShares Broad Usd Investment | 2.46% | 769,737 | $40.2M | Add +13.7% |
| IJR iShares Core S&P Small-Cap E | 2.38% | 327,442 | $38.9M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 2.14% | 399,860 | $34.9M | Reduce -12.5% |
| AAPL Apple Inc. | 1.31% | 84,231 | $21.4M | Reduce -1.5% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 1.31% | 992,837 | $21.4M | Add +6.1% |
| SCHX Schwab US Large-Cap ETF | 1.26% | 781,849 | $20.6M | Reduce -1.0% |
| MSFT Microsoft Corp. | 1.06% | 33,261 | $17.2M | Add +6.5% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.98% | 632,038 | $15.9M | Reduce -9.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.88% | 29,987 | $14.4M | No change |
| EFA iShares MSCI Eafe ETF | 0.86% | 149,452 | $14.0M | Reduce -1.3% |
| NVDA Nvidia Corp. | 0.78% | 67,910 | $12.7M | Add +1.4% |
| MDY State Street SPDR S&P Midcap | 0.78% | 21,225 | $12.7M | Reduce -0.8% |
| IWM iShares Russell 2000 ETF | 0.71% | 47,621 | $11.5M | Reduce -4.9% |
| IBDU iShares Ibonds Dec 2029 Term | 0.55% | 383,609 | $9.0M | Add +0.1% |
| IBDR iShares Ibonds Dec 2026 Term | 0.46% | 306,199 | $7.4M | Add +6.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.44% | 77,773 | $7.1M | Add +6.6% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.44% | 278,932 | $7.1M | Add +0.7% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.41% | 275,042 | $6.7M | Add +1.8% |
| PG The Procter & Gamble Co. | 0.34% | 36,096 | $5.5M | Reduce -9.8% |
| AMZN Amazon.com Inc. | 0.33% | 24,756 | $5.4M | Add +27.6% |
| VWO Vanguard Ftse Emerging Marke | 0.33% | 99,729 | $5.4M | Reduce -1.4% |
| AVGO Broadcom Inc. | 0.32% | 15,638 | $5.2M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 0.31% | 21,020 | $5.1M | Add +23.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 7,840 | $4.7M | Add +2.2% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.29% | 90,832 | $4.7M | Add +18.2% |
| V Visa Inc. Class A | 0.28% | 13,509 | $4.6M | Add +36.3% |
| WSBC Wesbanco Inc. | 0.25% | 126,548 | $4.1M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 0.25% | 12,942 | $4.1M | Reduce -0.6% |
| META Meta Platforms Inc. Class A | 0.23% | 5,212 | $3.8M | Add +5.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 11,575 | $3.8M | Add +0.0% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.23% | 167,855 | $3.7M | Add +1.0% |
| MCO Moody's Corp. | 0.22% | 7,677 | $3.7M | Add +51.5% |
| HD Home Depot Inc. | 0.22% | 8,938 | $3.6M | Add +23.1% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.20% | 150,295 | $3.2M | Add +1.1% |
| FITB Fifth Third Bancorp | 0.19% | 68,698 | $3.1M | Add +6.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 5,806 | $2.9M | Reduce -21.4% |
| JNJ Johnson & Johnson | 0.18% | 15,660 | $2.9M | Add +8.4% |
| SPHY SS SPDR P High Yield ETF | 0.17% | 118,639 | $2.8M | Add +0.3% |
| IWP iShares Russell Mid-Cap Grow | 0.17% | 19,654 | $2.8M | Reduce -0.2% |
| IBDX iShares Ibonds Dec 2032 TC | 0.16% | 105,044 | $2.7M | Add +1.1% |
| MUB iShares National Muni Bond E | 0.15% | 23,701 | $2.5M | No change |
| ABBV Abbvie Inc. | 0.15% | 10,823 | $2.5M | Add +0.0% |
| MVIS Microvision Inc. | 0.14% | 1,907,907 | $2.4M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.14% | 20,473 | $2.3M | Add +5.2% |
| ORCL Oracle Corp. | 0.14% | 8,082 | $2.3M | Add +6.5% |
| TSLA Tesla Inc. | 0.13% | 4,750 | $2.1M | Add +2.5% |
| WMT Walmart Inc. | 0.13% | 20,432 | $2.1M | Add +8.0% |
| CINF Cincinnati Financial Corp. | 0.13% | 12,948 | $2.1M | No change |
| HLMN Hillman Solutions Corp. | 0.12% | 220,338 | $2.0M | Reduce -4.3% |
| AMGN Amgen Inc. | 0.12% | 7,044 | $2.0M | Add +31.1% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.12% | 75,671 | $2.0M | Add +1.0% |
| NEE Nextera Energy Inc. | 0.12% | 26,001 | $2.0M | Add +47.9% |
| SCHM Schwab US Mid Cap ETF | 0.12% | 64,656 | $1.9M | Reduce -1.3% |
| CSCO Cisco Systems Inc. | 0.12% | 27,873 | $1.9M | Add +14.6% |
| LLY Eli Lilly & Co. | 0.12% | 2,495 | $1.9M | Reduce -13.7% |
| ORLY O'reilly Automotive Inc. | 0.11% | 16,910 | $1.8M | Add +38.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.11% | 41,501 | $1.8M | No change |
| RTX RTX Corp. | 0.11% | 10,565 | $1.8M | Add +7.7% |
| CVX Chevron Corp. | 0.11% | 11,379 | $1.8M | Add +4.9% |
| VYM Vanguard High DVD Yield ETF | 0.10% | 11,938 | $1.7M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.10% | 6,690 | $1.6M | Add +1.9% |
| HDV iShares Core High Dividend E | 0.10% | 13,205 | $1.6M | Add +0.7% |
| NFLX Netflix Inc. | 0.10% | 1,348 | $1.6M | Add +0.8% |
| SPR Spirit Aerosystems Hold Class A | 0.10% | 41,228 | $1.6M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 30,463 | $1.6M | Add +16.0% |
| ALC Alcon Inc. filed as ALCON AG | 0.09% | 20,609 | $1.5M | Add +70965.5% |
| TMO Thermo Fisher Scientific Inc. | 0.09% | 3,081 | $1.5M | Add +139.4% |
| PNC PNC Financial Services Group | 0.09% | 7,192 | $1.4M | Reduce -0.9% |
| MCD McDonald's Corp. | 0.09% | 4,748 | $1.4M | Add +0.9% |
| CATH Global X S&P 500 Ca Val ETF | 0.09% | 17,586 | $1.4M | Reduce -0.2% |
| USB US Bancorp | 0.08% | 28,390 | $1.4M | Reduce -0.8% |
| ETN Eaton Corp. PLC | 0.08% | 3,681 | $1.4M | Add +21.0% |
| TYL Tyler Technologies Inc. | 0.08% | 2,591 | $1.4M | Reduce -6.5% |
| MRK Merck & Co. Inc. | 0.08% | 15,801 | $1.3M | Reduce -0.2% |
| TFC Truist Financial Corp. | 0.08% | 28,991 | $1.3M | No change |
| BA The Boeing Co. | 0.08% | 6,102 | $1.3M | Add +0.2% |
| INTC Intel Corp. | 0.08% | 38,567 | $1.3M | Add +12.7% |
| PULS Pgim Ultra Short Bond ETF | 0.07% | 24,567 | $1.2M | Add +32.0% |
| IJS iShares S&P Small-Cap 600 Va | 0.07% | 10,884 | $1.2M | Add +0.0% |
| UNP Union Pacific Corp. | 0.07% | 5,046 | $1.2M | Add +23.1% |
| HRL Hormel Foods Corp. | 0.07% | 47,006 | $1.2M | Add +72.4% |
| KO The Coca-Cola Co. | 0.07% | 17,212 | $1.1M | Add +13.5% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.07% | 11,440 | $1.1M | Reduce -11.0% |
| COF Capital One Financial Corp. | 0.07% | 5,265 | $1.1M | Add +24.9% |
| MO Altria Group Inc. | 0.07% | 16,370 | $1.1M | Add +18.1% |
| AXP American Express Co. | 0.07% | 3,233 | $1.1M | Add +22.1% |
| PEP Pepsico Inc. | 0.06% | 7,535 | $1.1M | Reduce -5.0% |
| QCOM Qualcomm Inc. | 0.06% | 6,194 | $1.0M | Add +19.2% |
| ADM Archer-Daniels-Midland Co. | 0.06% | 17,106 | $1.0M | Add +6.3% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $6K (not counted above)
Lines left out (1) · $1 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| ECC Eagle Point Credit Co. | COM | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q2 2025 → Q3 2025
| VOO Vanguard S&P 500 ETF | Reduce -6.1% | 17.76% | −1.17 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -12.5% | 2.14% | −0.38 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -9.0% | 0.98% | −0.18 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.4% | 3.99% | −0.16 |
| PG The Procter & Gamble Co. | Reduce -9.8% | 0.34% | −0.08 |
| IEMG iShares Core MSCI Emerging | Reduce -3.4% | 4.81% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.2% | 5.88% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -21.4% | 0.18% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -1.7% | 2.76% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -1.3% | 0.86% | −0.04 |
| XLK SS Technology Select Sector | Reduce -55.7% | 0.03% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -13.7% | 0.12% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -0.8% | 0.78% | −0.03 |
| TYL Tyler Technologies Inc. | Reduce -6.5% | 0.08% | −0.03 |
| WSBC Wesbanco Inc. | Reduce -1.0% | 0.25% | −0.02 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -11.0% | 0.07% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.0% | 1.26% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -5.7% | 0.05% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -43.9% | 0.02% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -1.1% | 0.05% | −0.01 |
| EOSE Eos Energy Enterprises Inc. | Reduce -99.8% | 0.00% | −0.01 |
| CLSK Cleanspark Inc. | Sold out | 0.00% | −0.01 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.01 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.2% | 0.17% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -4.9% | 0.71% | −0.01 |
| ACN Accenture PLC Class A | Reduce -23.3% | 0.01% | −0.01 |
| GNRC Generac Holdings Inc. | Reduce -99.9% | 0.00% | −0.01 |
| GEF Greif Inc. Class A | Sold out | 0.00% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -3.8% | 0.04% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -35.0% | 0.01% | −0.00 |
| PEP Pepsico Inc. | Reduce -5.0% | 0.06% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -1.3% | 0.12% | −0.00 |
| T AT&T Inc. | Reduce -6.9% | 0.02% | −0.00 |
| UPS United Parcel Service Class B | Reduce -34.0% | 0.00% | −0.00 |
| DHR Danaher Corp. | Reduce -17.3% | 0.01% | −0.00 |
| ASTS Ast Spacemobile Inc. | Sold out | 0.00% | −0.00 |
| QYLD Global X Nasd 100 Cov Call | Sold out | 0.00% | −0.00 |
| AGG iShares Core U.S. Aggregate | Reduce -1.8% | 0.03% | −0.00 |
| SPYI Neos S&P 500 High Income ETF | Reduce -12.6% | 0.01% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.4% | 0.02% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -5.0% | 0.05% | −0.00 |
| PAR Par Technology Corp. | Sold out | 0.00% | −0.00 |
| ZTS Zoetis Inc. | Reduce -24.1% | 0.00% | −0.00 |
| F Ford Motor Co. | Reduce -29.7% | 0.01% | −0.00 |
| VCEL Vericel Corp. | Sold out | 0.00% | −0.00 |
| CB Chubb Ltd. | Reduce -0.8% | 0.02% | −0.00 |
| APD Air Products & Chemicals Inc. | Reduce -0.2% | 0.02% | −0.00 |
| PFF iShares Preferred & Income S | Reduce -14.4% | 0.01% | −0.00 |
| BP BP PLC-Spons ADR | Reduce -35.4% | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| SPSB SS SPDR P St C Corp. ETF | Add +31.5% | 5.36% | +0.98 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +13.8% | 3.54% | +0.21 |
| USIG iShares Broad Usd Investment | Add +13.7% | 2.46% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +23.9% | 0.31% | +0.12 |
| ALC Alcon Inc. | Add +70965.5% | 0.09% | +0.09 |
| NVDA Nvidia Corp. | Add +1.4% | 0.78% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +139.4% | 0.09% | +0.06 |
| MCO Moody's Corp. | Add +51.5% | 0.22% | +0.06 |
| AMZN Amazon.com Inc. | Add +27.6% | 0.33% | +0.05 |
| V Visa Inc. Class A | Add +36.3% | 0.28% | +0.05 |
| HD Home Depot Inc. | Add +23.1% | 0.22% | +0.05 |
| IBCA iShares Ibonds Dec 2035 TC | New | 0.04% | +0.04 |
| NEE Nextera Energy Inc. | Add +47.9% | 0.12% | +0.04 |
| ORLY O'reilly Automotive Inc. | Add +38.1% | 0.11% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3.5% | 2.95% | +0.03 |
| AVGO Broadcom Inc. | Add +0.7% | 0.32% | +0.03 |
| TSLA Tesla Inc. | Add +2.5% | 0.13% | +0.03 |
| JNJ Johnson & Johnson | Add +8.4% | 0.18% | +0.03 |
| IGLB iShares 10+ Year Inv GR Corp. | Add +18.2% | 0.29% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +135.4% | 0.06% | +0.03 |
| ORCL Oracle Corp. | Add +6.5% | 0.14% | +0.03 |
| INTC Intel Corp. | Add +12.7% | 0.08% | +0.03 |
| MSFT Microsoft Corp. | Add +6.5% | 1.06% | +0.03 |
| BCI Abrdn Bloomberg All Commodit | Add +6.1% | 1.31% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +1.9% | 0.10% | +0.02 |
| AMGN Amgen Inc. | Add +31.1% | 0.12% | +0.02 |
| NKE Nike Inc. Class B | Add +88.8% | 0.05% | +0.02 |
| MGM MGM Resorts International | Add +87.5% | 0.05% | +0.02 |
| ABBV Abbvie Inc. | Add +0.0% | 0.15% | +0.02 |
| TROW T Rowe Price Group Inc. | Add +189.0% | 0.03% | +0.02 |
| ROK Rockwell Automation Inc. | Add +78.7% | 0.04% | +0.02 |
| HRL Hormel Foods Corp. | Add +72.4% | 0.07% | +0.02 |
| ALMU Aeluma Inc. | New | 0.02% | +0.02 |
| GD General Dynamics Corp. | Add +28.7% | 0.06% | +0.02 |
| GILD Gilead Sciences Inc. | Add +41.9% | 0.06% | +0.01 |
| BAC Bank of America Corp. | Add +16.0% | 0.10% | +0.01 |
| PNW Pinnacle West Capital | Add +50.6% | 0.05% | +0.01 |
| PULS Pgim Ultra Short Bond ETF | Add +32.0% | 0.07% | +0.01 |
| RTX RTX Corp. | Add +7.7% | 0.11% | +0.01 |
| IDV iShares International Select | New | 0.01% | +0.01 |
| SNA Snap-on Inc. | Add +61.1% | 0.03% | +0.01 |
| MO Altria Group Inc. | Add +18.1% | 0.07% | +0.01 |
| ETN Eaton Corp. PLC | Add +21.0% | 0.08% | +0.01 |
| FITB Fifth Third Bancorp | Add +6.4% | 0.19% | +0.01 |
| EYPT Eyepoint Inc. | New | 0.01% | +0.01 |
| MCK McKesson Corp. | Add +36.4% | 0.05% | +0.01 |
| VFC VF Corp. | Add +101.2% | 0.02% | +0.01 |
| UNP Union Pacific Corp. | Add +23.1% | 0.07% | +0.01 |
| AXP American Express Co. | Add +22.1% | 0.07% | +0.01 |
| GE General Electric | Add +11.8% | 0.05% | +0.01 |
Notes & Other Activity Q2 2025 → Q3 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 25 | $518before exit |
| SCHZ Schwab US Aggregate Bond ETF | US AGGREGATE B | Sold out | 0 | $1before 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 | 1,394 | $2.8B | VOO, IDEV, SPY, SCHO, SPSB |
| Q1 2026 | 1,332 | $2.3B | VOO, IDEV, SPY, GOVT, SPSB |
| Q4 2025 | 1,130 | $1.8B | VOO, IDEV, GOVT, SPY, SPSB |
| Q3 2025 | 963 | $1.6B | VOO, IDEV, GOVT, SPY, SPSB |
| Q2 2025 | 893 | $1.5B | VOO, IDEV, GOVT, SPY, IEMG |
| Q1 2025 | 906 | $1.4B | VOO, GOVT, IDEV, SPY, SPSB |
| Q4 2024 | 989 | $1.4B | VOO, GOVT, IDEV, SPY, SPSB |
| Q3 2024 | 1,000 | $1.4B | VOO, IDEV, GOVT, SPY, IEMG |
| Q2 2024 | 1,020 | $1.3B | VOO, GOVT, IDEV, SPY, IEMG |
| Q1 2024 | 986 | $1.3B | VOO, GOVT, IDEV, SPY, IEMG |