Modern Wealth Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Modern Wealth Management, LLC reported 1,098 stock positions worth $8.4 billion. Its top holding was Fidelity Total Bond ETF (FBND) at 4.4% of the portfolio, followed by JPMorgan Core Plus Bond ETF (JCPB, 2.4%) and Ste STR SPDR PT S&P 500 ETF (SPYM, 2.4%). Compared with Q1 2026, it opened 264 new positions, sold out of 36, added to 547 and reduced 253. The biggest buy was a new position in American Century US Quality (QGRO) and the biggest sale Janus Henderson Mortg Backed (JMBS, shares −67%).

Most Recent 13F
Q2 2026
Location
KANSAS CITY, MO
CIK
0002001900
Portfolio Value
$8.4B (Q2 2026)
SEC Filing
0002001900-26-000007 ↗ filed Aug 14, 2026

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $2.7B Q4 2024 Q1 2025: $3.1B Q1 2025 Q2 2025: $4.1B Q2 2025 Q3 2025: $5.1B Q3 2025 Q4 2025: $5.5B Q4 2025 Q1 2026: $5.8B Q1 2026 Q2 2026: $8.4B $8.4B Q2 2026

Holdings 1,098 stocks · $8.4B
FBND Fidelity Total Bond ETF 4.41% 8,110,234 $368.9M Add +61.7%
JCPB JPMorgan Core Plus Bond ETF 2.41% 4,300,875 $201.9M Add +96.7%
SPYM Ste STR SPDR PT S&P 500 ETF 2.37% 2,258,636 $198.5M Add +84.8%
PVAL Putnam Focused LRG Cap Value 2.32% 3,809,127 $194.1M Add +65.3%
AAPL Apple Inc. 2.12% 614,819 $177.9M Add +18.9%
JAAA Janus Henderson Aaa Clo ETF 1.78% 2,957,809 $149.3M Add +7.3%
IVV iShares Core S&P 500 ETF 1.78% 198,582 $148.7M Add +25.9%
AVDE Avantis International Equity 1.64% 1,542,262 $137.6M Add +90.6%
LRGF iShares US Equity Factor ETF 1.64% 1,810,836 $137.0M Add +72.2%
AVEM Avantis Emerging Markets Eq 1.59% 1,379,015 $133.1M Add +24.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.56% 174,761 $130.5M Add +165.6%
VTI VG Morningstar TS MKT ETF-US 1.54% 349,601 $129.4M Add +17.4%
VFLO Victoryshares Free Cash Flow 1.52% 2,789,021 $127.6M Add +18.0%
MSFT Microsoft Corp. 1.35% 302,807 $113.0M Add +33.7%
SPTM SS SPDR P S&P 1500 Comp ETF 1.22% 1,129,081 $102.5M Reduce -18.5%
IVW iShares S&P 500 Growth ETF 1.21% 735,644 $101.2M Add +24.1%
QQQ Invesco QQQ Trust Series 1 1.09% 124,311 $91.5M Reduce -1.8%
VGIT Vanguard Intermediate-Term T 1.01% 1,439,692 $84.9M Add +286.1%
QLTY GMO U.S. Quality ETF 1.00% 2,002,727 $83.4M Add +92.5%
IQLT iShares MSCI International Q 0.93% 1,564,321 $77.5M Add +12.0%
PYLD PIMCO Multisector Bond Actv 0.88% 2,780,125 $73.7M Add +2520.7%
QGRO American Century US Quality 0.87% 592,369 $72.9M New
QUAL iShares MSCI USA Quality Fac 0.87% 332,275 $72.9M Reduce -26.8%
SMLF iShares US Smallcap Equity F 0.86% 809,068 $72.1M Add +10.2%
SHY iShares 1-3 Year Treasury Bo 0.83% 849,764 $69.8M Add +80.9%
QQQM Invesco Nasdaq 100 ETF 0.83% 229,703 $69.6M Add +108.6%
IVE iShares S&P 500 Value ETF 0.76% 280,304 $63.6M Reduce -2.1%
JPM JPMorgan Chase & Co. 0.74% 189,020 $61.9M Add +15.3%
DFIS Dimensional International SM 0.73% 1,741,088 $61.0M Add +37.9%
SCHX Schwab US Large-Cap ETF 0.72% 2,055,084 $60.5M Reduce -1.6%
NVDA Nvidia Corp. 0.71% 296,826 $59.4M Add +31.9%
SCHF Schwab Intl Equity ETF 0.69% 2,079,859 $57.6M Reduce -5.0%
BRK.B Berkshire Hathaway Inc. Class B 0.64% 107,510 $53.8M Add +8.1%
GOOGL Alphabet Inc. Class A 0.63% 146,583 $52.4M Add +8.3%
AMZN Amazon.com Inc. 0.61% 214,458 $51.1M Add +21.6%
SCHB Schwab US Broad Market ETF 0.55% 1,592,627 $46.1M Add +4.1%
MINT PIMCO Enhanced Short Maturit 0.55% 456,112 $46.0M Add +1226.1%
GPIX GLDM SA S&P 500 PR in ETF-US 0.54% 808,515 $44.9M Add +38.7%
HEWJ Isha Curr Hedged MSCI Japan 0.52% 670,038 $43.2M Reduce -1.5%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.50% 619,141 $42.1M Add +95.4%
OUNZ Vaneck Merk Gold ETF 0.48% 1,037,290 $40.0M Add +90.8%
IWF iShares Russell 1000 Growth 0.48% 321,665 $39.9M Add +979.1%
GOOG Alphabet Inc. Class C 0.47% 110,883 $39.2M Add +18.9%
TSM Taiwan Semiconductor-SP ADR 0.46% 80,462 $38.4M Reduce -18.8%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.46% 831,929 $38.4M Add +51.1%
JIRE JPMorgan Int Res Enh Eqty 0.46% 463,659 $38.2M Reduce -1.1%
XCEM Columbia Em Core Ex-China 0.44% 698,040 $36.9M New
VTV Vanguard Mrngstr Val ETF-Aui 0.43% 166,666 $36.3M Add +0.0%
PPA Invesco Aerospace & Defense 0.41% 196,588 $34.7M Add +56.5%
FTSL First Trust Senior Loan ETF 0.41% 767,322 $34.3M New
BINC iShares Flex I A ETF-Usd Inc. 0.41% 655,822 $34.3M Add +216.1%
XLF SS Financial Select Sector 0.41% 636,457 $34.1M Add +2998.9%
DGRW Wisdomtree U.S. Quality Divi 0.39% 342,329 $32.7M Add +6.3%
VEA Vanguard Ftse Developed ETF 0.36% 428,798 $30.6M Add +0.8%
XLE SS Energy Select Sector 0.36% 574,550 $30.5M Reduce -3.1%
IEF iShares 7-10 Year Treasury B 0.36% 322,359 $30.5M Add +67.6%
SCHZ Schwab US Aggregate Bond ETF 0.36% 1,300,211 $30.1M Add +6.6%
KORP American Century Diversified 0.36% 639,520 $30.0M New
FEX First Trust Large Cap Core A 0.36% 212,851 $29.8M Add +11857.9%
STIP iShares 0-5 Year Tips Bond E 0.35% 290,562 $29.7M Reduce -17.4%
IWD iShares Russell 1000 Value E 0.35% 122,334 $29.7M Add +2023.8%
SHV iShares 0-1 Year Treasury Bo 0.35% 266,847 $29.4M Add +1.0%
JMBS Janus Henderson Mortg Backed 0.35% 653,740 $29.4M Reduce -67.3%
XLI SS Industrial Select Sector 0.35% 158,546 $29.4M New
GOVT iShares US Treasury Bond ETF 0.35% 1,275,472 $29.1M Add +23.6%
TDIV FT Nasdaq Tech DVD Index FD 0.35% 252,027 $29.0M Add +4649.9%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.35% 265,371 $28.9M Add +6.8%
VOOG Vanguard S&P 500 Growth ETF 0.34% 347,334 $28.7M Add +1656.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.34% 83,248 $28.6M Add +1.6%
EDOW First Trust Dow 30 Eql WGHT 0.34% 648,710 $28.6M New
SDY SS SPDR S&P Dividend ETF 0.34% 187,544 $28.5M Add +7237.4%
IDMO Invesco S&P International DE 0.33% 457,489 $27.6M Add +84.5%
IUSV iShares Core S&P U.S. Value 0.33% 247,856 $27.3M Add +527.1%
HFSI Hartfor Strateg Income ETF-U 0.32% 773,637 $27.2M Add +9.6%
SPYG SS SPDR P S&P 500 Growth ETF 0.32% 226,346 $26.9M Add +10.2%
FLGV Franklin U.S. Treasury Bond 0.32% 1,326,307 $26.9M New
IDEV iShares Core MSCI Dev MKTS 0.32% 298,584 $26.6M Add +26.2%
FTGC First Trust Global Tactical 0.31% 971,639 $26.3M New
IAU iShares Gold Trust 0.31% 345,528 $26.1M Add +23.1%
SCHD Schwab US DVD Equity ETF 0.31% 818,307 $25.9M Add +14.1%
PFM Invesco Dividend Achievers E 0.31% 466,295 $25.9M New
INTF iShares International Equity 0.31% 630,132 $25.8M Reduce -6.4%
BOND PIMCO Active Bond Exchange-T 0.30% 273,591 $25.2M New
IEMG iShares Core MSCI Emerging 0.29% 298,098 $24.7M Reduce -11.4%
VOO Vanguard S&P 500 ETF 0.29% 35,711 $24.5M Reduce -19.3%
NEE Nextera Energy Inc. 0.29% 273,000 $24.0M Add +3.2%
REGL Prshrs S&P Mid 400 DVD Arist 0.28% 259,799 $23.8M Add +141.7%
COWZ Pacer US Cash Cows 100 ETF 0.28% 374,188 $23.3M Reduce -23.8%
CIBR First Trust Nasdaq Cybersecu 0.27% 253,046 $22.7M Reduce -5.8%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.27% 455,153 $22.4M Reduce -0.2%
MU Micron Technology Inc. 0.27% 19,318 $22.3M Reduce -1.6%
IOO iShares Global 100 ETF 0.26% 162,393 $22.2M Reduce -46.0%
EMLP First Trust North American E 0.26% 509,418 $22.2M Reduce -2.2%
SPMO Invesco S&P 500 Momentum ETF 0.26% 135,772 $21.9M Reduce -6.9%
VOOV Vanguard S&P 500 Value ETF 0.26% 99,005 $21.7M New
RSPG Invesco S&P 500 Equal Weight 0.26% 220,963 $21.6M New
TLH iShares 10-20 Year Treasury 0.26% 215,420 $21.6M Reduce -6.3%
SNSR Global X Internet of Things 0.26% 431,017 $21.5M Reduce -22.1%
XLK SS Technology Select Sector 0.26% 112,640 $21.5M Reduce -1.5%
MBB iShares MBS ETF 0.25% 224,776 $21.2M Add +21.3%

Show all 1,098 holdings

Options reported separately and not counted above: SPY puts ($15.7M), LLY puts ($3.7M), MSFT puts ($634K), TLT calls ($415K), GOOG puts ($353K), ELV puts ($193K), TSLA calls ($42K), SLV calls ($21K).

Other holdings (3): bonds, preferreds, convertibles and warrants · $764K (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 10,630$715KAdd +4.1%
SVIAW Procap Financial Inc. *W EXP 12/05/203 172,400$34KNew
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 10,000$14KNew

Total filed on the 13F, all lines: $8.4B.

Portfolio Sells Q1 2026 → Q2 2026
JMBS Janus Henderson Mortg Backed Reduce -67.3% 0.35% −1.20
IJK iShares S&P Mid-Cap 400 Grow Reduce -99.4% 0.00% −0.85
IJS iShares S&P Small-Cap 600 Va Reduce -99.4% 0.00% −0.84
SPTS SS SPDR P St Term TSY ETF Reduce -70.2% 0.21% −0.82
TCAF T Rowe PRC Cap Appreciation Reduce -88.5% 0.07% −0.71
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -18.5% 1.22% −0.67
QUAL iShares MSCI USA Quality Fac Reduce -26.8% 0.87% −0.63
IWM iShares Russell 2000 ETF Reduce -66.2% 0.25% −0.63
IOO iShares Global 100 ETF Reduce -46.0% 0.26% −0.37
SPYV SS SPDR P S&P 500 Value ETF Reduce -77.8% 0.07% −0.36
HON Honeywell International Inc. Reduce -0.1% 0.17% −0.33
AVUV Avantis US Small Cap Value Sold out 0.00% −0.32
IVE iShares S&P 500 Value ETF Reduce -2.1% 0.76% −0.28
STIP iShares 0-5 Year Tips Bond E Reduce -17.4% 0.35% −0.27
SCHF Schwab Intl Equity ETF Reduce -5.0% 0.69% −0.26
IAGG iShares Intl Aggregate Bond Reduce -52.3% 0.13% −0.25
COWZ Pacer US Cash Cows 100 ETF Reduce -23.8% 0.28% −0.25
XLE SS Energy Select Sector Reduce -3.1% 0.36% −0.24
SCHX Schwab US Large-Cap ETF Reduce -1.6% 0.72% −0.20
USMV iShares MSCI USA Min Vol Fac Reduce -61.9% 0.07% −0.18
QQQ Invesco QQQ Trust Series 1 Reduce -1.8% 1.09% −0.18
VOO Vanguard S&P 500 ETF Reduce -19.3% 0.29% −0.17
JIRE JPMorgan Int Res Enh Eqty Reduce -1.1% 0.46% −0.16
HEWJ Isha Curr Hedged MSCI Japan Reduce -1.5% 0.52% −0.16
EFV iShares MSCI Eafe Value ETF Reduce -50.4% 0.08% −0.16
PID Invesco International Divide Reduce -24.4% 0.17% −0.15
SPSB SS SPDR P St C Corp. ETF Reduce -23.4% 0.17% −0.15
INTF iShares International Equity Reduce -6.4% 0.31% −0.15
CORP PIMCO Inv Grade Corp. BD ETF Reduce -45.4% 0.09% −0.15
JFLX JPMorgan Flexible Debt ETF Reduce -87.7% 0.01% −0.14
TLH iShares 10-20 Year Treasury Reduce -6.3% 0.26% −0.14
GLDM SPDR Gold Minishares Trust Reduce -52.8% 0.05% −0.13
EMLP First Trust North American E Reduce -2.2% 0.26% −0.12
TSM Taiwan Semiconductor-SP ADR Reduce -18.8% 0.46% −0.12
IEMG iShares Core MSCI Emerging Reduce -11.4% 0.29% −0.11
BKGI BNY Mellon GLBL Infra Inc. Reduce -1.0% 0.25% −0.11
FEBT Allianzim US Eq BFFR10 FB-US Reduce -89.5% 0.01% −0.11
SNSR Global X Internet of Things Reduce -22.1% 0.26% −0.10
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -25.2% 0.11% −0.10
QJUN FT Vest Nasdaq-100 Buffer Et Reduce -23.8% 0.13% −0.10
JMTG Mortgage-Backed Securities Reduce -13.9% 0.14% −0.10
EELV Invesco S&P Emerging Markets Reduce -51.9% 0.05% −0.10
VONE Vanguard Russell 1000 Reduce -13.5% 0.20% −0.09
DIVO Amplify CWP Enhan Divid ETF Reduce -51.5% 0.05% −0.09
HEFA Isha Curr Hedged MSCI Eafe Reduce -15.1% 0.15% −0.08
ITOT iShares Core S&P Total U.S. Reduce -6.7% 0.24% −0.08
YSEP FT VST Int Eq MB ETF-Usd Inc. Reduce -75.8% 0.02% −0.08
AGG iShares Core U.S. Aggregate Reduce -6.5% 0.15% −0.08
AVLV Avantis US Large Cap Value Reduce -58.8% 0.04% −0.08
IBDR iShares Ibonds Dec 2026 Term Reduce -60.6% 0.03% −0.08

Portfolio Buys Q1 2026 → Q2 2026
QGRO American Century US Quality New 0.87% +0.87
PYLD PIMCO Multisector Bond Actv Add +2520.7% 0.88% +0.83
SPY SS SPDR S&P 500 ETF Trust-US Add +165.6% 1.56% +0.82
SPYM Ste STR SPDR PT S&P 500 ETF Add +84.8% 2.37% +0.75
JCPB JPMorgan Core Plus Bond ETF Add +96.7% 2.41% +0.65
VGIT Vanguard Intermediate-Term T Add +286.1% 1.01% +0.63
MINT PIMCO Enhanced Short Maturit Add +1226.1% 0.55% +0.49
FBND Fidelity Total Bond ETF Add +61.7% 4.41% +0.48
PVAL Putnam Focused LRG Cap Value Add +65.3% 2.32% +0.47
AVDE Avantis International Equity Add +90.6% 1.64% +0.45
XCEM Columbia Em Core Ex-China New 0.44% +0.44
LRGF iShares US Equity Factor ETF Add +72.2% 1.64% +0.44
IWF iShares Russell 1000 Growth Add +979.1% 0.48% +0.42
FTSL First Trust Senior Loan ETF New 0.41% +0.41
XLF SS Financial Select Sector Add +2998.9% 0.41% +0.39
QQQM Invesco Nasdaq 100 ETF Add +108.6% 0.83% +0.38
KORP American Century Diversified New 0.36% +0.36
FEX First Trust Large Cap Core A Add +11857.9% 0.36% +0.35
XLI SS Industrial Select Sector New 0.35% +0.35
EDOW First Trust Dow 30 Eql WGHT New 0.34% +0.34
QLTY GMO U.S. Quality ETF Add +92.5% 1.00% +0.34
TDIV FT Nasdaq Tech DVD Index FD Add +4649.9% 0.35% +0.34
SDY SS SPDR S&P Dividend ETF Add +7237.4% 0.34% +0.33
IWD iShares Russell 1000 Value E Add +2023.8% 0.35% +0.33
FLGV Franklin U.S. Treasury Bond New 0.32% +0.32
VOOG Vanguard S&P 500 Growth ETF Add +1656.9% 0.34% +0.32
FTGC First Trust Global Tactical New 0.31% +0.31
PFM Invesco Dividend Achievers E New 0.31% +0.31
BOND PIMCO Active Bond Exchange-T New 0.30% +0.30
VOOV Vanguard S&P 500 Value ETF New 0.26% +0.26
RSPG Invesco S&P 500 Equal Weight New 0.26% +0.26
IUSV iShares Core S&P U.S. Value Add +527.1% 0.33% +0.26
SPBO SS SPDR P Corp. Bond ETF New 0.25% +0.25
SKYY First Trust Cloud Computing New 0.24% +0.24
PFFD Global X US Preferred ETF New 0.24% +0.24
TVAL T. Rowe Price Value ETF New 0.23% +0.23
JSI JH Securitized Income ETF Add +9243.6% 0.23% +0.23
BINC iShares Flex I A ETF-Usd Inc. Add +216.1% 0.41% +0.23
EMBD Global X Emerging Markets BD New 0.20% +0.20
KNG FT Vest S&P 500 DVD Arst TRG Add +3928.2% 0.21% +0.20
EEM iShares MSCI Emerging Market Add +1052.6% 0.22% +0.20
IYM iShares U.S. Basic Materials New 0.20% +0.20
DYNF Ishrs US E F R A ETF-Usd Inc. Add +95.4% 0.50% +0.18
JPST JPMorgan Ultra-Short Income Add +572.1% 0.22% +0.17
SHY iShares 1-3 Year Treasury Bo Add +80.9% 0.83% +0.17
JPIB JPMorgan Intl BND ETF New 0.16% +0.16
MAYT All US Equ BUF10 May ETF-Usd New 0.13% +0.13
YMAR FT VT Int Equ M B- Mar-US I New 0.12% +0.12
REGL Prshrs S&P Mid 400 DVD Arist Add +141.7% 0.28% +0.12
IWO iShares Russell 2000 Growth New 0.12% +0.12

Options Activity Q1 2026 → Q2 2026
SPY SS SPDR S&P 500 ETF Trust-US put Reduce -2.8% 21,000 $15.7M
LLY Eli Lilly & Co. put Reduce -3.1% 3,100 $3.7M
SLV iShares Silver Trust call New 400 $21K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2026 → Q2 2026
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +4.1% 10,630 $715K
SVIAW Procap Financial Inc. *W EXP 12/05/203 New 172,400 $34K
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 New 10,000 $14K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,098$8.4BFBND, JCPB, SPYM, PVAL, AAPL
Q1 2026 869$5.8BFBND, JAAA, AAPL, SPTM, PVAL
Q4 2025 840$5.5BFBND, AAPL, JAAA, SPTM, QQQ
Q3 2025 802$5.1BJAAA, QQQ, SPTM, AAPL, IVW
Q2 2025Amended 775$4.1BQQQ, SPTM, IVW, JAAA, VTI
Q1 2025Amended 675$3.1BSPTM, SPY, IVW, JAAA, DIA
Q4 2024Amended 579$2.7BSPTM, IVW, SPY, AAPL, IVE
Q3 2024Amended 433$1.6BSTIP, QQQ, SPY, IVW, EFA
Q2 2024Amended 404$1.4BQQQ, STIP, IVW, SPY, IJK
Q1 2024Amended 297$1.1BSTIP, INVESCO QQQ TR, SPY, IVW, IVE