Midwestern Financial, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Midwestern Financial, LLC reported 54 stock positions worth $116.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.7% of the portfolio, followed by American Century Focused Lar (FLV, 7.0%) and iShares Core U.S. Aggregate (AGG, 6.9%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 34 and reduced 17. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +19%) and the biggest sale Schwab US Broad Market ETF (SCHB, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- IOWA CITY, IA
- CIK
- 0002083276
- Portfolio Value
- $116.5M (Q3 2025)
- SEC Filing
- 0002063364-25-000278 ↗ filed Nov 14, 2025
Holdings Value
Holdings 54 stocks · $116.5M
| SPY SS SPDR S&P 500 ETF Trust-US | 8.74% | 15,289 | $10.2M | Add +19.0% |
| FLV American Century Focused Lar | 7.00% | 110,506 | $8.1M | Add +8.8% |
| AGG iShares Core U.S. Aggregate | 6.90% | 80,197 | $8.0M | Add +6.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 5.19% | 92,992 | $6.0M | Add +22.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 5.11% | 31,914 | $6.0M | Reduce -6.2% |
| AVDE Avantis International Equity | 4.90% | 72,348 | $5.7M | Add +8.0% |
| AVEM Avantis Emerging Markets Eq | 4.84% | 75,014 | $5.6M | Add +5.9% |
| SCHB Schwab US Broad Market ETF | 4.60% | 208,456 | $5.4M | Reduce -16.6% |
| VTI VG Morningstar TS MKT ETF-US | 4.44% | 15,758 | $5.2M | Add +2.7% |
| JPST JPMorgan Ultra-Short Income | 3.19% | 73,358 | $3.7M | Add +12.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.74% | 15,301 | $3.2M | Reduce -3.2% |
| VEA Vanguard Ftse Developed ETF | 2.71% | 52,742 | $3.2M | Reduce -10.6% |
| VT Vanguard Tot World STK ETF | 2.41% | 20,408 | $2.8M | Reduce -3.5% |
| QQQ Invesco QQQ Trust Series 1 | 2.35% | 4,563 | $2.7M | Add +4.1% |
| VGSH Vanguard Short-Term Treasury | 2.21% | 43,730 | $2.6M | Reduce -0.3% |
| IAGG iShares Intl Aggregate Bond | 2.16% | 49,014 | $2.5M | Add +4.8% |
| META Meta Platforms Inc. Class A | 2.05% | 3,253 | $2.4M | Reduce -0.6% |
| SCHA Schwab US Small-Cap ETF | 1.74% | 72,584 | $2.0M | Add +63.0% |
| SUB iShares Short-Term National | 1.71% | 18,664 | $2.0M | Add +0.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.67% | 6,641 | $2.0M | Add +62.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.65% | 38,430 | $1.9M | Add +4.1% |
| VIG Vanguard Dividend Apprec ETF | 1.46% | 7,876 | $1.7M | Add +0.4% |
| QUAL iShares MSCI USA Quality Fac | 1.42% | 8,480 | $1.6M | Reduce -24.2% |
| NVDA Nvidia Corp. | 1.39% | 8,699 | $1.6M | No change |
| VWO Vanguard Ftse Emerging Marke | 1.25% | 26,858 | $1.5M | Reduce -14.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.23% | 2,854 | $1.4M | Reduce -2.9% |
| TAXF American Century Diver Muni | 1.08% | 25,075 | $1.3M | Reduce -0.3% |
| SHYD Vaneck SH Hi YLD Muni | 1.07% | 54,559 | $1.2M | Add +7.2% |
| ROP Roper Technologies Inc. | 1.00% | 2,342 | $1.2M | Add +0.2% |
| MUB iShares National Muni Bond E | 0.92% | 10,033 | $1.1M | Add +0.8% |
| AAPL Apple Inc. | 0.87% | 3,994 | $1.0M | Reduce -14.7% |
| XLI SS Industrial Select Sector | 0.85% | 6,421 | $990K | Add +0.4% |
| SBUX Starbucks Corp. | 0.85% | 11,671 | $987K | Add +0.7% |
| VGT Vanguard Info Tech ETF | 0.79% | 1,234 | $921K | Add +0.2% |
| VTIP Vanguard Short-Term Tips | 0.60% | 13,849 | $701K | Add +72.6% |
| BBCB JPMorgan Betabuilders Usd Inc. | 0.54% | 13,589 | $629K | Add +1.0% |
| MSFT Microsoft Corp. | 0.53% | 1,183 | $613K | Add +0.2% |
| AMZN Amazon.com Inc. | 0.52% | 2,766 | $607K | Reduce -2.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.52% | 5,411 | $603K | Reduce -17.1% |
| ACWI iShares MSCI Acwi ETF | 0.47% | 3,919 | $542K | Reduce -12.7% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.44% | 9,949 | $508K | Add +0.7% |
| BBHY JPMorgan Betabuilders Usd Hi | 0.43% | 10,555 | $496K | Add +1.4% |
| TEL Te Connectivity PLC | 0.40% | 2,124 | $466K | Reduce -8.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.40% | 1,812 | $461K | Add +0.3% |
| WMT Walmart Inc. | 0.38% | 4,299 | $443K | Reduce -3.1% |
| XLB SS Materials Select Sector | 0.32% | 4,203 | $377K | Add +7.8% |
| HDV iShares Core High Dividend E | 0.31% | 2,985 | $366K | Add +0.8% |
| BND Vanguard Total Bond Market | 0.29% | 4,575 | $340K | Add +8.1% |
| VTES Vanguard SH Term Tax-Ex Bond | 0.26% | 2,946 | $300K | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 0.26% | 1,231 | $299K | Add +0.1% |
| TSLA Tesla Inc. | 0.24% | 630 | $280K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.23% | 4,589 | $262K | Add +0.3% |
| CLS Celestica Inc. | 0.19% | 900 | $222K | New |
| COST Costco Wholesale Corp. | 0.18% | 224 | $207K | Add +0.5% |
Portfolio Sells Q2 2025 → Q3 2025
| SCHB Schwab US Broad Market ETF | Reduce -16.6% | 4.60% | −0.98 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -6.2% | 5.11% | −0.53 |
| QUAL iShares MSCI USA Quality Fac | Reduce -24.2% | 1.42% | −0.50 |
| VEA Vanguard Ftse Developed ETF | Reduce -10.6% | 2.71% | −0.44 |
| META Meta Platforms Inc. Class A | Reduce -0.6% | 2.05% | −0.21 |
| VWO Vanguard Ftse Emerging Marke | Reduce -14.8% | 1.25% | −0.21 |
| VGSH Vanguard Short-Term Treasury | Reduce -0.3% | 2.21% | −0.21 |
| VSS Vanguard Ftse All Wo X-US SC | Sold out | 0.00% | −0.19 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -17.1% | 0.52% | −0.15 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -3.2% | 2.74% | −0.15 |
| VT Vanguard Tot World STK ETF | Reduce -3.5% | 2.41% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.9% | 1.23% | −0.11 |
| ACWI iShares MSCI Acwi ETF | Reduce -12.7% | 0.47% | −0.08 |
| TAXF American Century Diver Muni | Reduce -0.3% | 1.08% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 0.52% | −0.06 |
| AAPL Apple Inc. | Reduce -14.7% | 0.87% | −0.03 |
| WMT Walmart Inc. | Reduce -3.1% | 0.38% | −0.03 |
| TEL Te Connectivity PLC | Reduce -8.4% | 0.40% | +0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +19.0% | 8.74% | +1.30 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +22.4% | 5.19% | +0.85 |
| SCHA Schwab US Small-Cap ETF | Add +63.0% | 1.74% | +0.68 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +62.0% | 1.67% | +0.60 |
| FLV American Century Focused Lar | Add +8.8% | 7.00% | +0.35 |
| AVEM Avantis Emerging Markets Eq | Add +5.9% | 4.84% | +0.29 |
| AVDE Avantis International Equity | Add +8.0% | 4.90% | +0.25 |
| VTIP Vanguard Short-Term Tips | Add +72.6% | 0.60% | +0.22 |
| CLS Celestica Inc. | New | 0.19% | +0.19 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.1% | 2.35% | +0.08 |
| JPST JPMorgan Ultra-Short Income | Add +12.0% | 3.19% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.7% | 4.44% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.26% | +0.05 |
| VGT Vanguard Info Tech ETF | Add +0.2% | 0.79% | +0.02 |
| XLB SS Materials Select Sector | Add +7.8% | 0.32% | +0.00 |
| BND Vanguard Total Bond Market | Add +8.1% | 0.29% | −0.00 |
| SHYD Vaneck SH Hi YLD Muni | Add +7.2% | 1.07% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.3% | 0.40% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +0.3% | 0.23% | −0.01 |
| HDV iShares Core High Dividend E | Add +0.8% | 0.31% | −0.01 |
| VTES Vanguard SH Term Tax-Ex Bond | Add +0.7% | 0.26% | −0.02 |
| MSFT Microsoft Corp. | Add +0.2% | 0.53% | −0.02 |
| BBHY JPMorgan Betabuilders Usd Hi | Add +1.4% | 0.43% | −0.03 |
| COST Costco Wholesale Corp. | Add +0.5% | 0.18% | −0.03 |
| XLI SS Industrial Select Sector | Add +0.4% | 0.85% | −0.03 |
| JMST JPM Ultra-Short Muni Income | Add +0.7% | 0.44% | −0.04 |
| BBCB JPMorgan Betabuilders Usd Inc. | Add +1.0% | 0.54% | −0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +4.1% | 1.65% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 1.46% | −0.05 |
| MUB iShares National Muni Bond E | Add +0.8% | 0.92% | −0.06 |
| IAGG iShares Intl Aggregate Bond | Add +4.8% | 2.16% | −0.09 |
| AGG iShares Core U.S. Aggregate | Add +6.0% | 6.90% | −0.14 |
| SUB iShares Short-Term National | Add +0.2% | 1.71% | −0.15 |
| SBUX Starbucks Corp. | Add +0.7% | 0.85% | −0.15 |
| ROP Roper Technologies Inc. | Add +0.2% | 1.00% | −0.24 |