Milestone Investment Advisors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Milestone Investment Advisors LLC reported 125 stock positions worth $402.5 million. Its top holding was Invesco S&P 500 Quality ETF (SPHQ) at 9.6% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 8.2%) and Schwab US Large-Cap ETF (SCHX, 6.7%). Compared with Q2 2025, it opened 3 new positions, sold out of 2, added to 36 and reduced 42. The biggest buy was Schwab Intl Equity ETF (SCHF, shares +46%) and the biggest sale JPMorgan Hedged Equity ETF (HELO, shares −96%).

Most Recent 13F
Q2 2026
Location
MIDDLETON, WI
CIK
0001967018
Portfolio Value
$402.5M (Q3 2025)
SEC Filing
0001967018-25-000005 ↗ filed Nov 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $370.8M Q1 2024 Q2 2024: $376.1M Q2 2024 Q3 2024: $357.0M Q3 2024 Q4 2024: $368.1M Q4 2024 Q1 2025: $360.3M Q1 2025 Q2 2025: $383.3M Q2 2025 Q3 2025: $402.5M $402.5M Q3 2025 Q4 2025: $413.1M Q4 2025 Q1 2026: $414.0M Q1 2026 Q2 2026: $462.7M Q2 2026

Holdings 125 stocks · $402.5M
SPHQ Invesco S&P 500 Quality ETF 9.62% 528,111 $38.7M Reduce -0.9%
SCHG Schwab US Large-Cap Growth 8.21% 1,035,586 $33.0M Reduce -1.1%
SCHX Schwab US Large-Cap ETF 6.68% 1,020,133 $26.9M Reduce -1.6%
VUG Vanguard Mrngstar GR ETF-Sui 5.01% 42,070 $20.2M Reduce -0.3%
FDVV Fidelity High Dividend ETF 4.48% 323,525 $18.0M Add +1.4%
SCHB Schwab US Broad Market ETF 3.60% 564,322 $14.5M Reduce -1.0%
FBND Fidelity Total Bond ETF 3.02% 262,772 $12.2M Add +8.4%
JCPB JPMorgan Core Plus Bond ETF 2.75% 232,417 $11.1M Add +3.5%
EMNT PIMCO Enhcd St M-Active ESG 2.72% 110,687 $10.9M Add +6.4%
VYM Vanguard High DVD Yield ETF 2.66% 75,826 $10.7M Reduce -1.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.51% 34,415 $10.1M Add +2.2%
SCHM Schwab US Mid Cap ETF 2.50% 339,866 $10.1M Reduce -0.8%
IVV iShares Core S&P 500 ETF 2.45% 14,743 $9.9M Add +1.1%
USFR Wisdomtree Floating Rate Tre 2.44% 195,120 $9.8M Add +3.8%
SUSB iShares ESG Aware 1-5 Year U 2.41% 382,698 $9.7M Add +7.2%
AVDE Avantis International Equity 2.28% 116,096 $9.2M Add +18.7%
VCSH Vanguard S/T Corp. Bond ETF 2.25% 113,422 $9.1M Add +3.9%
FNDX Schwab Fndmntl US LRG Co. ETF 2.18% 334,109 $8.8M Add +0.6%
SCHO Schwab Short-Term US Treas 2.16% 356,741 $8.7M Add +5.2%
XLK SS Technology Select Sector 1.57% 22,492 $6.3M Reduce -0.2%
IWY iShares Russell Top 200 Grow 1.54% 22,581 $6.2M Reduce -1.8%
BIV Vanguard Intermediate-Term B 1.49% 76,971 $6.0M Add +1.4%
SCHD Schwab US DVD Equity ETF 1.48% 217,657 $5.9M Reduce -11.6%
FESM Fidelity Enhanced Small Cap 1.37% 150,523 $5.5M Add +10.1%
SCHF Schwab Intl Equity ETF 1.33% 230,121 $5.4M Add +45.8%
RSP Invesco S&P 500 Equal Weight 1.29% 27,319 $5.2M Reduce -0.8%
VTI VG Morningstar TS MKT ETF-US 1.17% 14,393 $4.7M Add +3.6%
USMV iShares MSCI USA Min Vol Fac 1.15% 48,715 $4.6M Reduce -0.0%
IGM iShares Expanded Tech Sector 1.13% 36,104 $4.5M Add +0.5%
JSCP JPMorgan Short Duration Core 1.13% 95,445 $4.5M Add +4.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.92% 19,849 $3.7M Reduce -0.1%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.89% 85,281 $3.6M Reduce -0.3%
VRIG Invesco Variable Rate Invest 0.89% 142,479 $3.6M Add +1.1%
IQLT iShares MSCI International Q 0.88% 79,728 $3.5M Reduce -10.3%
SPYX SS SPDR S&P 500 Foss FL ETF 0.87% 63,973 $3.5M Reduce -0.1%
SPLV Invesco S&P 500 Low Volatili 0.85% 46,627 $3.4M Reduce -0.3%
SPGP Invesco S&P 500 Garp ETF 0.72% 25,526 $2.9M Reduce -6.2%
XMHQ Invesco S&P Midcap Qual ETF 0.71% 27,266 $2.9M Reduce -18.2%
JUST Goldman Sachs Just US LRG 0.61% 26,130 $2.5M Add +6.0%
SMMU PIMCO SHRT TRM Muni BND ETF 0.49% 38,646 $2.0M Add +19.0%
SUSA iShares ESG Optimized MSCI U 0.43% 12,870 $1.7M Add +3.4%
OMFL Invesco Russell 1000 DYN M/F 0.41% 27,692 $1.7M Reduce -8.7%
FBCG Fidelity Blue Chip Grow ETF 0.41% 30,589 $1.6M Add +1.7%
VEA Vanguard Ftse Developed ETF 0.39% 26,351 $1.6M Add +10.8%
SCHA Schwab US Small-Cap ETF 0.39% 55,772 $1.6M No change
LGLV SPDR US LC Low Vol Idx 0.38% 8,572 $1.5M Reduce -4.4%
IJR iShares Core S&P Small-Cap E 0.34% 11,586 $1.4M Reduce -0.7%
VXUS Vanguard Total Intl Stock 0.29% 15,642 $1.1M Add +0.7%
IBB iShares Biotechnology ETF 0.26% 7,182 $1.0M Reduce -1.9%
EFG iShares MSCI Eafe Growth ETF 0.23% 8,029 $914K Add +4.5%
FNDB Schwab Fndmntl US BRD Mr ETF 0.22% 34,863 $897K Reduce -6.8%
ESGV Vanguard ESG US Stock ETF 0.21% 7,101 $841K Reduce -0.6%
AIQ Global X Art Intel & Tech 0.17% 14,227 $703K Reduce -2.5%
SCHV Schwab US Large-Cap Value 0.16% 21,785 $634K No change
CGMS Cap Group US Multi-Sect Bond 0.16% 22,622 $628K Reduce -1.5%
JMUB JPMorgan Municipal ETF 0.15% 12,359 $624K Reduce -31.6%
VB Vanguard Most SM-Cap ETF-Usd 0.14% 2,263 $575K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.14% 1,943 $571K Reduce -0.3%
NULV Nuveen ESG Large-Cap Val ETF 0.13% 11,967 $524K Add +335.2%
XLF SS Financial Select Sector 0.13% 9,500 $512K No change
ESGD iShares Trust iShares ESG Aw 0.12% 5,399 $502K No change
LRGE Clearbridge Large Cap Growth 0.12% 5,907 $492K No change
CGMU Cap Group Municipal Income 0.12% 17,848 $487K Reduce -38.1%
EUSB Ishr ESG Advn Universal BD-$ 0.11% 10,290 $452K Add +8.7%
ESGG NT Stoxx GLBL ESG ETF 0.10% 2,056 $406K No change
DSI iShares ESG MSCI KLD 400 ETF 0.10% 3,049 $384K Reduce -0.1%
ESGU iShares ESG Aware MSCI USA 0.09% 2,610 $380K Add +0.0%
VXF Vanguard Extended Market ETF 0.09% 1,758 $368K No change
MEAR Ishrs Short Mat Muni Act ETF 0.09% 7,223 $365K Reduce -8.4%
USXF iShares ESG Advance MSCI USA 0.08% 5,752 $330K Reduce -0.1%
EFV iShares MSCI Eafe Value ETF 0.07% 4,387 $298K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.07% 1,366 $285K No change
ESG NT Stoxx US ESG ETF 0.07% 1,783 $275K No change
BSV Vanguard Short-Term Bond ETF 0.07% 3,379 $267K Reduce -0.2%
HELO JPMorgan Hedged Equity ETF 0.06% 3,881 $252K Reduce -95.9%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.06% 5,670 $244K No change
RAFE PIMCO Rafi ESG US ETF filed as PIMCO EQUITY SER 0.06% 5,930 $241K Add +0.1%
HYXF iShares ESG Adv High Yield 0.06% 5,057 $240K Reduce -5.9%
GRW TCW Durable Growth ETF 0.06% 7,051 $225K Add +0.3%
VSGX Vanguard ESG Intl Stock ETF 0.05% 3,174 $220K Add +19.4%
SCHR Schwab Intermediate-Term US 0.05% 7,869 $198K Reduce -11.7%
QUAL iShares MSCI USA Quality Fac 0.05% 1,000 $195K No change
VCEB Vanguard ESG US Corp. Bond 0.05% 2,998 $192K Reduce -0.4%
IWP iShares Russell Mid-Cap Grow 0.05% 1,321 $188K No change
PRF Invesco Rafi US 1000 ETF 0.04% 4,000 $181K No change
DMXF iShares ESG Advanc MSCI Eafe 0.04% 2,351 $178K No change
NULG Nuveen ESG LRG-Cap GRW ETF 0.04% 1,495 $149K No change
IWO iShares Russell 2000 Growth 0.04% 457 $146K No change
IWF iShares Russell 1000 Growth 0.04% 311 $146K No change
XLV SS Health Care Select Sector 0.03% 1,005 $140K No change
IVW iShares S&P 500 Growth ETF 0.03% 1,076 $130K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.03% 388 $115K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 173 $115K No change
IWB iShares Russell 1000 ETF 0.03% 300 $110K No change
DWX State Street SPDR S&P Intern 0.02% 2,351 $100K Add +88.2%
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.02% 2,170 $92K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.02% 669 $87K No change
IMFL Invesco Int DVLP DYN Multi 0.02% 3,072 $85K Reduce -2.1%
SUSC iShares ESG Aware Usd Corpor 0.02% 3,000 $71K No change
NUSC Nuveen ESG Small-Cap ETF 0.02% 1,431 $63K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.01% 1,313 $60K No change
IJK iShares S&P Mid-Cap 400 Grow 0.01% 608 $58K No change
IWR iShares Russell Mid-Cap ETF 0.01% 562 $54K No change
EFIV SS SPDR S&P 500 ESG ETF 0.01% 820 $52K Add +0.4%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.01% 176 $43K No change
AOR iShares Core 60/40 Balanced 0.01% 555 $36K No change
PPA Invesco Aerospace & Defense 0.01% 214 $33K Add +0.5%
XAR SS SPDR S&P Aerospace Def 0.01% 136 $32K New
LCTU iShares U.S. Carbon Transiti 0.01% 333 $24K No change
VOO Vanguard S&P 500 ETF 0.01% 37 $23K No change
XMLV Invesco S&P Midcap Low Volat 0.00% 256 $16K Reduce -19.5%
LCTD iShares World Ex U.S. Carbon 0.00% 296 $16K No change
VIG Vanguard Dividend Apprec ETF 0.00% 72 $16K Reduce -35.7%
SCHE Schwab Emrg Mrkts Eqty ETF 0.00% 423 $14K No change
IWN iShares Russell 2000 Value E 0.00% 76 $13K No change
IWD iShares Russell 1000 Value E 0.00% 60 $12K Reduce -72.5%
GLD SPDR Gold Shares 0.00% 32 $11K No change
MUNI PIMCO Intermediate Municipal 0.00% 145 $8K New
HYDB iShares High Yield Systemati 0.00% 140 $7K No change
OMFS Invesco RSL 2000 DYN Mltfctr 0.00% 135 $6K No change
IZRL ARK Israel Innovative Techno 0.00% 186 $5K New
XJH Ishare ESG SS S&P Midcap ETF 0.00% 120 $5K No change
TOKE Cambria Cannabis ETF 0.00% 620 $4K No change
AOA iShares Core 80/20 Aggressiv 0.00% 42 $4K Add +27.3%
RSPE Invesco ESG SP 500 Eq Weight 0.00% 87 $3K No change

Portfolio Sells Q2 2025 → Q3 2025
HELO JPMorgan Hedged Equity ETF Reduce -95.9% 0.06% −1.50
SPHQ Invesco S&P 500 Quality ETF Reduce -0.9% 9.62% −0.29
SCHD Schwab US DVD Equity ETF Reduce -11.6% 1.48% −0.23
XMHQ Invesco S&P Midcap Qual ETF Reduce -18.2% 0.71% −0.14
IQLT iShares MSCI International Q Reduce -10.3% 0.88% −0.13
CGMU Cap Group Municipal Income Reduce -38.1% 0.12% −0.08
JMUB JPMorgan Municipal ETF Reduce -31.6% 0.15% −0.08
SPGP Invesco S&P 500 Garp ETF Reduce -6.2% 0.72% −0.04
OMFL Invesco Russell 1000 DYN M/F Reduce -8.7% 0.41% −0.04
USMV iShares MSCI USA Min Vol Fac Reduce -0.0% 1.15% −0.04
SPLV Invesco S&P 500 Low Volatili Reduce -0.3% 0.85% −0.04
VYM Vanguard High DVD Yield ETF Reduce -1.8% 2.66% −0.03
LGLV SPDR US LC Low Vol Idx Reduce -4.4% 0.38% −0.03
RSP Invesco S&P 500 Equal Weight Reduce -0.8% 1.29% −0.02
MEAR Ishrs Short Mat Muni Act ETF Reduce -8.4% 0.09% −0.01
FNDB Schwab Fndmntl US BRD Mr ETF Reduce -6.8% 0.22% −0.01
CGMS Cap Group US Multi-Sect Bond Reduce -1.5% 0.16% −0.01
SCHR Schwab Intermediate-Term US Reduce -11.7% 0.05% −0.01
IWD iShares Russell 1000 Value E Reduce -72.5% 0.00% −0.01
HYXF iShares ESG Adv High Yield Reduce -5.9% 0.06% −0.01
SCHM Schwab US Mid Cap ETF Reduce -0.8% 2.50% −0.00
BSV Vanguard Short-Term Bond ETF Reduce -0.2% 0.07% −0.00
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -0.3% 0.14% −0.00
STE Steris PLC Sold out 0.00% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -35.7% 0.00% −0.00
VCEB Vanguard ESG US Corp. Bond Reduce -0.4% 0.05% −0.00
IMFL Invesco Int DVLP DYN Multi Reduce -2.1% 0.02% −0.00
XMLV Invesco S&P Midcap Low Volat Reduce -19.5% 0.00% −0.00
USXF iShares ESG Advance MSCI USA Reduce -0.1% 0.08% +0.00
DSI iShares ESG MSCI KLD 400 ETF Reduce -0.1% 0.10% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.1% 0.92% +0.00
ESGV Vanguard ESG US Stock ETF Reduce -0.6% 0.21% +0.00
AIQ Global X Art Intel & Tech Reduce -2.5% 0.17% +0.01
IJR iShares Core S&P Small-Cap E Reduce -0.7% 0.34% +0.01
CGDV Cap Group Dividend Value Reduce -0.3% 0.89% +0.01
IBB iShares Biotechnology ETF Reduce -1.9% 0.26% +0.02
SPYX SS SPDR S&P 500 Foss FL ETF Reduce -0.1% 0.87% +0.02
IWY iShares Russell Top 200 Grow Reduce -1.8% 1.54% +0.06
SCHB Schwab US Broad Market ETF Reduce -1.0% 3.60% +0.06
SCHX Schwab US Large-Cap ETF Reduce -1.6% 6.68% +0.06
XLK SS Technology Select Sector Reduce -0.2% 1.57% +0.09
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.3% 5.01% +0.19
SCHG Schwab US Large-Cap Growth Reduce -1.1% 8.21% +0.23

Portfolio Buys Q2 2025 → Q3 2025
SCHF Schwab Intl Equity ETF Add +45.8% 1.33% +0.42
AVDE Avantis International Equity Add +18.7% 2.28% +0.39
FESM Fidelity Enhanced Small Cap Add +10.1% 1.37% +0.23
FDVV Fidelity High Dividend ETF Add +1.4% 4.48% +0.15
FBND Fidelity Total Bond ETF Add +8.4% 3.02% +0.13
NULV Nuveen ESG Large-Cap Val ETF Add +335.2% 0.13% +0.10
IVV iShares Core S&P 500 ETF Add +1.1% 2.45% +0.09
IGM iShares Expanded Tech Sector Add +0.5% 1.13% +0.08
VTI VG Morningstar TS MKT ETF-US Add +3.6% 1.17% +0.07
SUSB iShares ESG Aware 1-5 Year U Add +7.2% 2.41% +0.06
SMMU PIMCO SHRT TRM Muni BND ETF Add +19.0% 0.49% +0.06
FNDX Schwab Fndmntl US LRG Co. ETF Add +0.6% 2.18% +0.06
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +2.2% 2.51% +0.05
JUST Goldman Sachs Just US LRG Add +6.0% 0.61% +0.04
EMNT PIMCO Enhcd St M-Active ESG Add +6.4% 2.72% +0.04
VEA Vanguard Ftse Developed ETF Add +10.8% 0.39% +0.04
FBCG Fidelity Blue Chip Grow ETF Add +1.7% 0.41% +0.03
SUSA iShares ESG Optimized MSCI U Add +3.4% 0.43% +0.02
DWX State Street SPDR S&P Intern Add +88.2% 0.02% +0.01
VSGX Vanguard ESG Intl Stock ETF Add +19.4% 0.05% +0.01
XAR SS SPDR S&P Aerospace Def New 0.01% +0.01
VXUS Vanguard Total Intl Stock Add +0.7% 0.29% +0.01
SCHO Schwab Short-Term US Treas Add +5.2% 2.16% +0.01
EUSB Ishr ESG Advn Universal BD-$ Add +8.7% 0.11% +0.00
EFG iShares MSCI Eafe Growth ETF Add +4.5% 0.23% +0.00
ESGU iShares ESG Aware MSCI USA Add +0.0% 0.09% +0.00
MUNI PIMCO Intermediate Municipal New 0.00% +0.00
IZRL ARK Israel Innovative Techno New 0.00% +0.00
RAFE PIMCO Rafi ESG US ETF Add +0.1% 0.06% +0.00
EFIV SS SPDR S&P 500 ESG ETF Add +0.4% 0.01% +0.00
PPA Invesco Aerospace & Defense Add +0.5% 0.01% +0.00
AOA iShares Core 80/20 Aggressiv Add +27.3% 0.00% +0.00
JSCP JPMorgan Short Duration Core Add +4.4% 1.13% −0.00
GRW TCW Durable Growth ETF Add +0.3% 0.06% −0.01
JCPB JPMorgan Core Plus Bond ETF Add +3.5% 2.75% −0.01
VCSH Vanguard S/T Corp. Bond ETF Add +3.9% 2.25% −0.01
USFR Wisdomtree Floating Rate Tre Add +3.8% 2.44% −0.03
VRIG Invesco Variable Rate Invest Add +1.1% 0.89% −0.03
BIV Vanguard Intermediate-Term B Add +1.4% 1.49% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 141$462.7MSPHQ, SCHG, SCHX, VUG, FDVV
Q1 2026 139$414.0MSPHQ, SCHG, SCHX, FDVV, VUG
Q4 2025 133$413.1MSPHQ, SCHG, SCHX, VUG, FDVV
Q3 2025 125$402.5MSPHQ, SCHG, SCHX, VUG, FDVV
Q2 2025 124$383.3MSPHQ, SCHG, SCHX, VUG, FDVV
Q1 2025 126$360.3MSPHQ, SCHG, SCHX, VUG, FDVV
Q4 2024 130$368.1MSPHQ, SCHG, SCHX, VUG, XMHQ
Q3 2024 127$357.0MSPHQ, SCHG, SCHX, JCPB, VUG
Q2 2024 132$376.1MSPHQ, SCHG, SCHX, VTI, VUG
Q1 2024 128$370.8MSPHQ, SCHG, VTI, SCHX, XMHQ