MCF Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), MCF Advisors LLC reported 1,130 stock positions worth $1.8 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 15.9% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 7.3%) and iShares US Treasury Bond ETF (GOVT, 5.4%). Compared with Q3 2025, it opened 227 new positions, sold out of 62, added to 456 and reduced 119. The biggest buy was a new position in Avantis U.S. Equity ETF (AVUS) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- LEXINGTON, KY
- CIK
- 0001602905
- Portfolio Value
- $1.8B (Q4 2025)
- SEC Filing
- 0001602905-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 1,130 stocks · $1.8B
| VOO Vanguard S&P 500 ETF | 15.90% | 458,913 | $287.8M | Reduce -2.8% |
| IDEV iShares Core MSCI Dev MKTS | 7.31% | 1,603,120 | $132.2M | Add +3.2% |
| GOVT iShares US Treasury Bond ETF | 5.38% | 4,231,614 | $97.4M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.35% | 141,670 | $96.8M | Reduce -1.4% |
| SPSB SS SPDR P St C Corp. ETF | 5.00% | 2,997,561 | $90.5M | Add +3.8% |
| IEMG iShares Core MSCI Emerging | 4.41% | 1,185,863 | $79.7M | Reduce -0.4% |
| IJH iShares Core S&P Midcap ETF | 3.70% | 1,014,946 | $67.0M | Add +1.8% |
| SCHO Schwab Short-Term US Treas | 3.65% | 2,711,604 | $66.1M | Add +4.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 3.27% | 1,119,755 | $59.1M | Add +3.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.80% | 264,969 | $50.6M | Add +2.8% |
| IVV iShares Core S&P 500 ETF | 2.63% | 69,498 | $47.6M | Add +3.2% |
| IJR iShares Core S&P Small-Cap E | 2.24% | 337,069 | $40.5M | Add +2.9% |
| USIG iShares Broad Usd Investment | 2.18% | 763,100 | $39.5M | Reduce -0.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.93% | 390,072 | $34.9M | Reduce -2.5% |
| AAPL Apple Inc. | 1.35% | 90,130 | $24.5M | Add +7.0% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 1.24% | 1,146,127 | $22.4M | Add +15.4% |
| SCHX Schwab US Large-Cap ETF | 1.14% | 765,007 | $20.6M | Reduce -2.1% |
| MSFT Microsoft Corp. | 0.99% | 37,016 | $17.9M | Add +11.3% |
| AVUS Avantis U.S. Equity ETF | 0.88% | 143,153 | $16.0M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.81% | 30,042 | $14.7M | Add +0.2% |
| NVDA Nvidia Corp. | 0.81% | 78,118 | $14.6M | Add +15.0% |
| EFA iShares MSCI Eafe ETF | 0.75% | 140,982 | $13.5M | Reduce -5.7% |
| MDY State Street SPDR S&P Midcap | 0.71% | 21,143 | $12.8M | Reduce -0.4% |
| IWM iShares Russell 2000 ETF | 0.63% | 46,059 | $11.3M | Reduce -3.3% |
| IXUS iShares Core Intl Stock ETF | 0.57% | 121,689 | $10.3M | Add +14740.1% |
| GOOGL Alphabet Inc. Class A | 0.51% | 29,247 | $9.2M | Add +39.1% |
| MOAT Vaneck Morningstar Wide Moat | 0.49% | 85,275 | $8.8M | Add +105177.8% |
| IBDU iShares Ibonds Dec 2029 Term | 0.48% | 370,975 | $8.7M | Reduce -3.3% |
| SCHD Schwab US DVD Equity ETF | 0.47% | 313,299 | $8.6M | Add +839.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.46% | 91,055 | $8.3M | Add +17.1% |
| VWO Vanguard Ftse Emerging Marke | 0.41% | 139,035 | $7.5M | Add +39.4% |
| AMZN Amazon.com Inc. | 0.41% | 32,005 | $7.4M | Add +29.3% |
| JPM JPMorgan Chase & Co. | 0.38% | 21,559 | $6.9M | Add +66.6% |
| FBND Fidelity Total Bond ETF | 0.37% | 143,907 | $6.7M | Add +43508.2% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.34% | 242,983 | $6.2M | Reduce -12.9% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.32% | 241,513 | $5.9M | Reduce -12.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.32% | 17,310 | $5.8M | Add +49.5% |
| PG The Procter & Gamble Co. | 0.32% | 40,207 | $5.8M | Add +11.4% |
| AVGO Broadcom Inc. | 0.31% | 16,262 | $5.6M | Add +4.0% |
| IBDR iShares Ibonds Dec 2026 Term | 0.31% | 229,106 | $5.6M | Reduce -25.2% |
| V Visa Inc. Class A | 0.31% | 15,757 | $5.5M | Add +16.6% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.30% | 107,958 | $5.4M | Add +18.9% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 24,440 | $5.4M | Add +3637.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 10,561 | $5.3M | Add +81.9% |
| VIGI Vanguard Int Div App Indx FD | 0.28% | 55,745 | $5.1M | Add +13836.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 8,018 | $4.9M | Add +2.3% |
| VGSH Vanguard Short-Term Treasury | 0.27% | 83,129 | $4.9M | New |
| META Meta Platforms Inc. Class A | 0.24% | 6,642 | $4.4M | Add +27.4% |
| WSBC Wesbanco Inc. | 0.23% | 124,895 | $4.2M | Reduce -1.3% |
| QLTY GMO U.S. Quality ETF | 0.22% | 105,026 | $4.0M | New |
| MCO Moody's Corp. | 0.22% | 7,890 | $4.0M | Add +2.8% |
| JNJ Johnson & Johnson | 0.22% | 18,969 | $3.9M | Add +21.1% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.21% | 169,984 | $3.8M | Add +1.3% |
| GOOG Alphabet Inc. Class C | 0.20% | 11,675 | $3.7M | Add +74.5% |
| DFAS Dimensional US Small Cap ETF | 0.19% | 50,232 | $3.5M | New |
| AMGN Amgen Inc. | 0.19% | 10,468 | $3.4M | Add +48.6% |
| ORCL Oracle Corp. | 0.19% | 17,539 | $3.4M | Add +117.0% |
| AVDE Avantis International Equity | 0.19% | 40,908 | $3.4M | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.18% | 11,448 | $3.3M | Add +3653.4% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.18% | 152,429 | $3.2M | Add +1.4% |
| FITB Fifth Third Bancorp | 0.18% | 67,765 | $3.2M | Reduce -1.4% |
| BA The Boeing Co. | 0.17% | 14,503 | $3.1M | Add +137.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 55,764 | $3.1M | Add +83.0% |
| HD Home Depot Inc. | 0.17% | 8,872 | $3.1M | Reduce -0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.17% | 5,204 | $3.0M | Add +68.9% |
| LLY Eli Lilly & Co. | 0.16% | 2,765 | $3.0M | Add +10.8% |
| BSV Vanguard Short-Term Bond ETF | 0.16% | 37,072 | $2.9M | New |
| BOND PIMCO Active Bond Exchange-T | 0.16% | 30,713 | $2.9M | New |
| ABBV Abbvie Inc. | 0.16% | 12,399 | $2.8M | Add +14.6% |
| SPHY SS SPDR P High Yield ETF | 0.16% | 119,148 | $2.8M | Add +0.4% |
| XOM Exxon Mobil Corp. | 0.15% | 23,132 | $2.8M | Add +13.0% |
| WMT Walmart Inc. | 0.15% | 24,556 | $2.7M | Add +20.2% |
| IBDX iShares Ibonds Dec 2032 TC | 0.15% | 106,498 | $2.7M | Add +1.4% |
| IWP iShares Russell Mid-Cap Grow | 0.15% | 19,642 | $2.7M | Reduce -0.1% |
| TSLA Tesla Inc. | 0.15% | 5,963 | $2.7M | Add +25.5% |
| MUB iShares National Muni Bond E | 0.14% | 24,241 | $2.6M | Add +2.3% |
| GE General Electric filed as GE AEROSPACE | 0.14% | 8,341 | $2.6M | Add +185.6% |
| NEE Nextera Energy Inc. | 0.14% | 31,705 | $2.5M | Add +21.9% |
| CMI Cummins Inc. | 0.14% | 4,855 | $2.5M | Add +570.6% |
| AXP American Express Co. | 0.13% | 6,358 | $2.4M | Add +96.7% |
| VEA Vanguard Ftse Developed ETF | 0.13% | 36,271 | $2.3M | Add +2094.3% |
| CSCO Cisco Systems Inc. | 0.13% | 29,406 | $2.3M | Add +5.5% |
| RTX RTX Corp. | 0.12% | 12,243 | $2.2M | Add +15.9% |
| KO The Coca-Cola Co. | 0.12% | 31,279 | $2.2M | Add +81.7% |
| CAT Caterpillar Inc. | 0.12% | 3,738 | $2.1M | Add +186.9% |
| CINF Cincinnati Financial Corp. | 0.12% | 12,951 | $2.1M | Add +0.0% |
| VCRB Vanguard Core Bond ETF | 0.11% | 26,275 | $2.0M | New |
| MRK Merck & Co. Inc. | 0.11% | 19,236 | $2.0M | Add +21.7% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.11% | 76,699 | $2.0M | Add +1.4% |
| UNP Union Pacific Corp. | 0.11% | 8,660 | $2.0M | Add +71.6% |
| SCHM Schwab US Mid Cap ETF | 0.11% | 64,050 | $1.9M | Reduce -0.9% |
| CVX Chevron Corp. | 0.10% | 12,428 | $1.9M | Add +9.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.10% | 25,560 | $1.9M | New |
| HLMN Hillman Solutions Corp. | 0.10% | 212,838 | $1.8M | Reduce -3.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.10% | 41,315 | $1.8M | Reduce -0.5% |
| VYM Vanguard High DVD Yield ETF | 0.10% | 12,725 | $1.8M | Add +6.6% |
| GILD Gilead Sciences Inc. | 0.10% | 14,663 | $1.8M | Add +63.5% |
| MVIS Microvision Inc. | 0.10% | 2,090,419 | $1.7M | Add +9.6% |
| HDV iShares Core High Dividend E | 0.09% | 13,533 | $1.6M | Add +2.5% |
| IAU iShares Gold Trust | 0.09% | 20,045 | $1.6M | Add +2201.4% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $2K (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: $1.8B.
Portfolio Sells Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | Reduce -2.8% | 15.90% | −1.86 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.98 |
| GOVT iShares US Treasury Bond ETF | Reduce -1.1% | 5.38% | −0.68 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 5.35% | −0.53 |
| IEMG iShares Core MSCI Emerging | Reduce -0.4% | 4.41% | −0.40 |
| USIG iShares Broad Usd Investment | Reduce -0.9% | 2.18% | −0.28 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.5% | 1.93% | −0.21 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -25.2% | 0.31% | −0.15 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.1% | 1.14% | −0.12 |
| EFA iShares MSCI Eafe ETF | Reduce -5.7% | 0.75% | −0.11 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.10 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -12.9% | 0.34% | −0.09 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -12.2% | 0.32% | −0.09 |
| IWM iShares Russell 2000 ETF | Reduce -3.3% | 0.63% | −0.08 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -3.3% | 0.48% | −0.07 |
| MDY State Street SPDR S&P Midcap | Reduce -0.4% | 0.71% | −0.07 |
| HD Home Depot Inc. | Reduce -0.7% | 0.17% | −0.05 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Sold out | 0.00% | −0.05 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.05 |
| EXCHANGE TRADED CONCEPTS TRU | Sold out | 0.00% | −0.04 |
| TYL Tyler Technologies Inc. | Reduce -21.5% | 0.05% | −0.03 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.1% | 0.15% | −0.02 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -24.4% | 0.05% | −0.02 |
| HLMN Hillman Solutions Corp. | Reduce -3.4% | 0.10% | −0.02 |
| IBHF iShares Ibond 2026 HY & Inc. | Reduce -37.7% | 0.03% | −0.02 |
| XLK SS Technology Select Sector | Reduce -59.9% | 0.01% | −0.02 |
| WSBC Wesbanco Inc. | Reduce -1.3% | 0.23% | −0.02 |
| NKE Nike Inc. Class B | Reduce -18.1% | 0.04% | −0.02 |
| NIO Nio Inc. - ADR | Reduce -54.8% | 0.01% | −0.02 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -31.4% | 0.01% | −0.01 |
| MGM MGM Resorts International | Reduce -22.1% | 0.04% | −0.01 |
| FITB Fifth Third Bancorp | Reduce -1.4% | 0.18% | −0.01 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.9% | 0.11% | −0.01 |
| IVOL Quadratic Int Rte Vol Infl H | Reduce -92.4% | 0.00% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Reduce -2.0% | 0.05% | −0.01 |
| MLPX Global X MLP & Energy Infras | Sold out | 0.00% | −0.01 |
| GDXJ Vaneck Junior Gold Miners | Reduce -91.1% | 0.00% | −0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.5% | 0.10% | −0.01 |
| GD General Dynamics Corp. | Reduce -1.6% | 0.05% | −0.01 |
| PNC PNC Financial Services Group | Reduce -0.1% | 0.08% | −0.01 |
| COF Capital One Financial Corp. | Reduce -9.9% | 0.06% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -6.6% | 0.02% | −0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -59.1% | 0.00% | −0.00 |
| K Kellanova | Sold out | 0.00% | −0.00 |
| ET Energy Transfer LP | Reduce -33.7% | 0.01% | −0.00 |
| VFC VF Corp. | Reduce -29.8% | 0.02% | −0.00 |
| AGG iShares Core U.S. Aggregate | Reduce -3.6% | 0.03% | −0.00 |
| PM Philip Morris International | Reduce -0.1% | 0.03% | −0.00 |
| SNA Snap-on Inc. | Reduce -2.0% | 0.03% | −0.00 |
| EPD Enterprise Products Partners | Reduce -11.8% | 0.02% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| AVUS Avantis U.S. Equity ETF | New | 0.88% | +0.88 |
| IXUS iShares Core Intl Stock ETF | Add +14740.1% | 0.57% | +0.56 |
| MOAT Vaneck Morningstar Wide Moat | Add +105177.8% | 0.49% | +0.49 |
| SCHD Schwab US DVD Equity ETF | Add +839.2% | 0.47% | +0.42 |
| FBND Fidelity Total Bond ETF | Add +43508.2% | 0.37% | +0.37 |
| VIG Vanguard Dividend Apprec ETF | Add +3637.0% | 0.30% | +0.29 |
| VIGI Vanguard Int Div App Indx FD | Add +13836.3% | 0.28% | +0.28 |
| VGSH Vanguard Short-Term Treasury | New | 0.27% | +0.27 |
| QLTY GMO U.S. Quality ETF | New | 0.22% | +0.22 |
| DFAS Dimensional US Small Cap ETF | New | 0.19% | +0.19 |
| GOOGL Alphabet Inc. Class A | Add +39.1% | 0.51% | +0.19 |
| AVDE Avantis International Equity | New | 0.19% | +0.19 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3653.4% | 0.18% | +0.18 |
| BSV Vanguard Short-Term Bond ETF | New | 0.16% | +0.16 |
| BOND PIMCO Active Bond Exchange-T | New | 0.16% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +66.6% | 0.38% | +0.13 |
| VEA Vanguard Ftse Developed ETF | Add +2094.3% | 0.13% | +0.12 |
| CMI Cummins Inc. | Add +570.6% | 0.14% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +81.9% | 0.29% | +0.11 |
| VCRB Vanguard Core Bond ETF | New | 0.11% | +0.11 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.10% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +74.5% | 0.20% | +0.10 |
| BA The Boeing Co. | Add +137.7% | 0.17% | +0.09 |
| GE General Electric | Add +185.6% | 0.14% | +0.09 |
| VTI VG Morningstar TS MKT ETF-US | Add +49.5% | 0.32% | +0.09 |
| IAU iShares Gold Trust | Add +2201.4% | 0.09% | +0.09 |
| VWO Vanguard Ftse Emerging Marke | Add +39.4% | 0.41% | +0.08 |
| CAT Caterpillar Inc. | Add +186.9% | 0.12% | +0.08 |
| AMZN Amazon.com Inc. | Add +29.3% | 0.41% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +68.9% | 0.17% | +0.08 |
| MINT PIMCO Enhanced Short Maturit | New | 0.07% | +0.07 |
| BAC Bank of America Corp. | Add +83.0% | 0.17% | +0.07 |
| MOTI Vaneck Mstar Int Moat ETF | New | 0.07% | +0.07 |
| AMGN Amgen Inc. | Add +48.6% | 0.19% | +0.07 |
| ITA iShares U.S. Aerospace & Def | New | 0.07% | +0.07 |
| SLV iShares Silver Trust | Add +11874.2% | 0.07% | +0.07 |
| AXP American Express Co. | Add +96.7% | 0.13% | +0.06 |
| IHI iShares U.S. Medical Devices | Add +6477.8% | 0.06% | +0.06 |
| KO The Coca-Cola Co. | Add +81.7% | 0.12% | +0.05 |
| ORCL Oracle Corp. | Add +117.0% | 0.19% | +0.05 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.05% | +0.05 |
| VRT Vertiv Holdings Co. Class A | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | Add +10.8% | 0.16% | +0.05 |
| AAPL Apple Inc. | Add +7.0% | 1.35% | +0.04 |
| JNJ Johnson & Johnson | Add +21.1% | 0.22% | +0.04 |
| GILD Gilead Sciences Inc. | Add +63.5% | 0.10% | +0.04 |
| UNP Union Pacific Corp. | Add +71.6% | 0.11% | +0.04 |
| MKL Markel Group Inc. | Add +155.0% | 0.06% | +0.04 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +3684.8% | 0.04% | +0.04 |
| LDUR PIMCO Enhanced Low Duration | New | 0.03% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Reduce -1.4% | 80 | $241 |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Sold out | 88 | $154before 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 |