Modern Wealth Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed May 30, 2025), Modern Wealth Management, LLC reported 579 stock positions worth $2.7 billion. Its top holding was SS SPDR P S&P 1500 Comp ETF (SPTM) at 4.6% of the portfolio, followed by iShares S&P 500 Growth ETF (IVW, 3.3%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.3%). Compared with Q3 2024, it opened 174 new positions, sold out of 28, added to 307 and reduced 85. The biggest buy was SS SPDR Dow Jones Indus Avg (DIA, shares +17317%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −62%).

Most Recent 13F
Q2 2026
Location
KANSAS CITY, MO
CIK
0002001900
Portfolio Value
$2.7B (Q4 2024)
SEC Filing
0002001900-25-000017 ↗ filed May 30, 2025

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 $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 Q2 2026

Holdings 579 stocks · $2.7B
SPTM SS SPDR P S&P 1500 Comp ETF 4.58% 1,715,359 $122.5M Add +100.0%
IVW iShares S&P 500 Growth ETF 3.32% 876,220 $89.0M Add +8.4%
SPY SS SPDR S&P 500 ETF Trust-US 3.27% 149,373 $87.5M Add +3.9%
AAPL Apple Inc. 2.92% 312,343 $78.2M Add +200.4%
IVE iShares S&P 500 Value ETF 2.57% 360,523 $68.8M Add +4363.6%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 2.55% 160,238 $68.2M Add +17317.2%
IYR iShares US Real Estate ETF 2.45% 704,240 $65.5M Add +2555.0%
JAAA Janus Henderson Aaa Clo ETF 2.41% 1,270,895 $64.4M Add +267.6%
STIP iShares 0-5 Year Tips Bond E 2.40% 637,869 $64.2M Reduce -39.3%
SPYV SS SPDR P S&P 500 Value ETF 2.37% 1,241,472 $63.5M Add +64.5%
COWZ Pacer US Cash Cows 100 ETF 1.89% 896,941 $50.7M Add +3.8%
MSFT Microsoft Corp. 1.64% 103,992 $43.8M Add +225.2%
TCAF T Rowe PRC Cap Appreciation 1.57% 1,263,344 $42.0M Add +84.5%
QQQ Invesco QQQ Trust Series 1 1.54% 81,014 $41.4M Reduce -62.3%
FBND Fidelity Total Bond ETF 1.53% 916,117 $41.1M New
VOO Vanguard S&P 500 ETF 1.53% 76,139 $41.0M Add +4.6%
JPM JPMorgan Chase & Co. 1.39% 155,243 $37.2M Add +475.0%
QUAL iShares MSCI USA Quality Fac 1.20% 180,484 $32.1M Add +9.5%
IOO iShares Global 100 ETF 1.19% 316,209 $31.9M Add +201.2%
SHY iShares 1-3 Year Treasury Bo 1.14% 371,387 $30.4M Add +323.6%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 1.06% 625,866 $28.3M Add +776.9%
IVV iShares Core S&P 500 ETF 1.01% 46,120 $27.2M Add +42.6%
USFR Wisdomtree Floating Rate Tre 1.01% 536,484 $27.0M Add +1297.6%
XLE SS Energy Select Sector 0.96% 300,812 $25.8M Add +1992.5%
VONE Vanguard Russell 1000 0.95% 95,821 $25.6M Add +3.6%
XLRE SS Real Estate Select Sector 0.95% 623,605 $25.4M Add +8804.8%
VTI VG Morningstar TS MKT ETF-US 0.88% 81,122 $23.5M Add +50.6%
SPYG SS SPDR P S&P 500 Growth ETF 0.81% 246,468 $21.7M Add +13.0%
SNSR Global X Internet of Things 0.80% 611,536 $21.3M New
DGRW Wisdomtree U.S. Quality Divi 0.76% 252,855 $20.5M New
AVUV Avantis US Small Cap Value 0.76% 210,553 $20.3M New
BRK.B Berkshire Hathaway Inc. Class B 0.74% 43,603 $19.8M Add +11.6%
HON Honeywell International Inc. 0.73% 86,929 $19.6M Add +1818.5%
EMLP First Trust North American E 0.70% 525,144 $18.7M New
CALF PCR US SM CP CSH CWS ETF-Usd 0.64% 391,815 $17.2M Add +6.8%
OUNZ Vaneck Merk Gold ETF 0.59% 628,301 $15.9M Add +40.1%
SCHD Schwab US DVD Equity ETF 0.59% 576,229 $15.7M Add +663.1%
EIPI FT Energy Income ETF 0.59% 804,245 $15.7M New
AMZN Amazon.com Inc. 0.58% 70,861 $15.5M Add +102.2%
DIVO Amplify CWP Enhan Divid ETF 0.58% 383,810 $15.5M Add +1.1%
SPSB SS SPDR P St C Corp. ETF 0.58% 519,912 $15.5M Add +13.9%
CVX Chevron Corp. 0.56% 103,402 $15.0M Add +306.7%
HELO JPMorgan Hedged Equity ETF 0.55% 239,203 $14.8M New
NVDA Nvidia Corp. 0.55% 110,267 $14.8M Add +81.3%
INTF iShares International Equity 0.54% 506,781 $14.6M Add +5.3%
GOOG Alphabet Inc. Class C 0.54% 76,332 $14.5M Add +371.7%
NEE Nextera Energy Inc. 0.54% 201,005 $14.4M Add +1163.9%
CIBR First Trust Nasdaq Cybersecu 0.53% 222,466 $14.1M New
FLTR Vaneck Ig Floating Rate ETF 0.52% 544,693 $13.9M Add +20.9%
JMBS Janus Henderson Mortg Backed 0.48% 288,215 $12.7M Add +4272.9%
MBB iShares MBS ETF 0.47% 136,323 $12.5M Add +222.7%
HEFA Isha Curr Hedged MSCI Eafe 0.46% 358,202 $12.4M New
XOM Exxon Mobil Corp. 0.45% 111,520 $12.0M Add +73.2%
SPSM SS SPDR P S&P 600 Small Cap 0.44% 261,591 $11.8M Add +2.1%
IYW iShares Ustechnology ETF 0.43% 72,327 $11.5M Add +25.1%
ISCF iShares International Small 0.43% 357,056 $11.5M Add +1.9%
AVLV Avantis US Large Cap Value 0.42% 169,568 $11.3M Add +2.3%
VTIP Vanguard Short-Term Tips 0.42% 233,071 $11.3M New
PFFD Global X US Preferred ETF 0.42% 578,218 $11.3M Add +80.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.40% 117,855 $10.8M Reduce -18.9%
KMI Kinder Morgan Inc. 0.39% 382,413 $10.5M Add +946.1%
DON Wisdomtree US Midcap Dividen 0.38% 198,962 $10.1M Add +0.2%
GOOGL Alphabet Inc. Class A 0.37% 52,898 $10.0M Add +57.4%
GOVT iShares US Treasury Bond ETF 0.37% 435,539 $10.0M Add +82.1%
IAGG iShares Intl Aggregate Bond 0.36% 193,006 $9.6M New
JQUA JPMorgan US Quality Factor 0.35% 165,295 $9.5M Add +6.8%
RMT Royce Micro-Cap Trust Inc. 0.35% 968,662 $9.4M New
PG The Procter & Gamble Co. 0.35% 56,146 $9.4M Add +28.5%
SPTS SS SPDR P St Term TSY ETF 0.35% 323,902 $9.4M Add +361.8%
FTLS First Trust Long/Short Eqty 0.34% 139,230 $9.2M Reduce -2.1%
IUSV iShares Core S&P U.S. Value 0.34% 98,317 $9.1M Add +318.3%
ICOW Pacer Developed Markets Inte 0.33% 302,536 $8.8M Add +105.5%
FSK FS KKR Capital Corp. 0.33% 401,258 $8.7M Add +1.4%
ABBV Abbvie Inc. 0.32% 48,264 $8.6M Add +65.8%
RVT Royce Small-Cap Trust Inc. 0.32% 537,859 $8.5M New
VCIT Vanguard Int-Term Corporate 0.32% 105,527 $8.5M New
LLY Eli Lilly & Co. 0.30% 10,461 $8.1M Add +31.3%
IDEV iShares Core MSCI Dev MKTS 0.30% 124,580 $8.0M Add +24.2%
VONG Vanguard Russell 1000 Growth 0.29% 74,855 $7.7M New
KNG FT Vest S&P 500 DVD Arst TRG 0.29% 153,347 $7.7M New
IAU iShares Gold Trust 0.28% 152,030 $7.5M Add +19.8%
BUL Pacer US Cash Cows Growth 0.27% 157,733 $7.3M Reduce -1.3%
FXR First Trust Indst/Producers 0.27% 96,570 $7.2M New
COST Costco Wholesale Corp. 0.25% 7,408 $6.8M Add +66.4%
XMHQ Invesco S&P Midcap Qual ETF 0.25% 68,314 $6.7M New
QQQM Invesco Nasdaq 100 ETF 0.25% 31,292 $6.6M New
TLT iShares 20+ Year Treasury BD 0.24% 73,417 $6.4M Add +90.7%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.23% 188,034 $6.2M New
IEF iShares 7-10 Year Treasury B 0.23% 67,171 $6.2M Add +34.2%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.23% 80,752 $6.1M New
IWM iShares Russell 2000 ETF 0.22% 27,134 $6.0M Add +587.8%
TLH iShares 10-20 Year Treasury 0.22% 59,187 $5.9M New
BND Vanguard Total Bond Market 0.22% 81,199 $5.8M Add +13.6%
RSP Invesco S&P 500 Equal Weight 0.22% 33,061 $5.8M Add +8.6%
BINC iShares Flex I A ETF-Usd Inc. 0.21% 108,368 $5.6M Add +1334.6%
JPST JPMorgan Ultra-Short Income 0.21% 111,499 $5.6M New
JEPI JPMorgan Equity Premium Inco 0.21% 96,531 $5.6M New
HD Home Depot Inc. 0.21% 14,128 $5.5M Add +17.3%
BA The Boeing Co. 0.20% 30,638 $5.4M New
WELL Welltower Inc. 0.20% 42,264 $5.3M New

Show all 579 holdings

Options reported separately and not counted above: SPY puts ($325K).

Portfolio Sells Q3 2024 → Q4 2024
QQQ Invesco QQQ Trust Series 1 Reduce -62.3% 1.54% −4.90
EFA iShares MSCI Eafe ETF Reduce -99.0% 0.02% −4.34
IJK iShares S&P Mid-Cap 400 Grow Sold out 0.00% −4.16
STIP iShares 0-5 Year Tips Bond E Reduce -39.3% 2.40% −4.14
AGZD Wisdomtree Trust Wisdomtree Reduce -80.4% 0.17% −1.25
AVGE Avantis All Eqty Mrkts ETF Reduce -90.2% 0.06% −1.20
SCTXX Schwab Amt Tax FR MNY-Ultra Sold out 0.00% −0.51
ETF OPPORTUNITIES TRUST Reduce -69.3% 0.11% −0.49
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -18.9% 0.40% −0.42
GCOW Pacer Global Cash Cows Divid Reduce -63.0% 0.07% −0.27
FTLS First Trust Long/Short Eqty Reduce -2.1% 0.34% −0.21
BUL Pacer US Cash Cows Growth Reduce -1.3% 0.27% −0.18
USRT iShares Core US REIT ETF Reduce -7.9% 0.19% −0.17
WTV Wisdomtree U.S. Value Fund Reduce -9.6% 0.19% −0.14
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -3.1% 0.16% −0.11
SPGP Invesco S&P 500 Garp ETF Reduce -13.1% 0.12% −0.11
IJR iShares Core S&P Small-Cap E Reduce -3.9% 0.13% −0.09
JMST JPM Ultra-Short Muni Income Reduce -0.9% 0.13% −0.09
SPAB SS SPDR P Agg Bond ETF Reduce -70.5% 0.02% −0.09
MSI Motorola Solutions Inc. Reduce -0.4% 0.13% −0.08
VHT Vanguard Health Care ETF Reduce -50.3% 0.03% −0.07
DG Dollar General Corp. Sold out 0.00% −0.07
EXR Extra Space Storage Inc. Reduce -2.0% 0.06% −0.07
AHR American Healthcare REIT Inc. Reduce -2.0% 0.10% −0.06
FUMB First Trust Ultra Short Dur Reduce -36.8% 0.03% −0.05
AWI Armstrong World Industries Reduce -63.7% 0.01% −0.05
CHMG Chemung Financial Corp. Sold out 0.00% −0.04
ELV Elevance Health Inc. Reduce -13.7% 0.03% −0.04
IWN iShares Russell 2000 Value E Reduce -5.4% 0.06% −0.04
IBDP iShares Ibonds Dec 2024 Term Sold out 0.00% −0.04
IBMM iShares Ibonds Dec 2024 Term Sold out 0.00% −0.04
PAYX Paychex Inc. Reduce -4.7% 0.06% −0.04
FSMB First Trust Short Dur Manag Reduce -29.1% 0.03% −0.03
ESGU iShares ESG Aware MSCI USA Reduce -19.4% 0.03% −0.03
TSM Taiwan Semiconductor-SP ADR Reduce -4.8% 0.06% −0.03
HYD Vaneck High Yield Muni ETF Sold out 0.00% −0.03
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -36.2% 0.02% −0.03
TIP iShares Tips Bond ETF Reduce -12.5% 0.03% −0.02
CNC Centene Corp. Sold out 0.00% −0.02
AVDV Avantis Intl S/C Value ETF Reduce -0.6% 0.03% −0.02
SCZ iShares MSCI Eafe Small-Cap Reduce -38.8% 0.01% −0.02
KNX Knight-Swift Transportation Reduce -0.1% 0.03% −0.02
BLE BlackRock Muni Inc. TR II Reduce -13.8% 0.02% −0.02
FIS Fidelity National Info Serv Reduce -1.3% 0.03% −0.02
VCSH Vanguard S/T Corp. Bond ETF Sold out 0.00% −0.02
LNT Alliant Energy Corp. Reduce -2.1% 0.03% −0.02
COO The Cooper Cos Inc. Sold out 0.00% −0.02
WPC WP Carey Inc. Reduce -14.6% 0.01% −0.02
CORP PIMCO Inv Grade Corp. BD ETF Reduce -27.5% 0.01% −0.02
VMBS Vanguard Mortgage-Backed Sec Sold out 0.00% −0.02

Portfolio Buys Q3 2024 → Q4 2024
DIA SS SPDR Dow Jones Indus Avg Add +17317.2% 2.55% +2.52
IVE iShares S&P 500 Value ETF Add +4363.6% 2.57% +2.47
IYR iShares US Real Estate ETF Add +2555.0% 2.45% +2.28
FBND Fidelity Total Bond ETF New 1.53% +1.53
AAPL Apple Inc. Add +200.4% 2.92% +1.43
JAAA Janus Henderson Aaa Clo ETF Add +267.6% 2.41% +1.33
JPM JPMorgan Chase & Co. Add +475.0% 1.39% +1.04
XLRE SS Real Estate Select Sector Add +8804.8% 0.95% +0.93
USFR Wisdomtree Floating Rate Tre Add +1297.6% 1.01% +0.89
SPTM SS SPDR P S&P 1500 Comp ETF Add +100.0% 4.58% +0.89
XLE SS Energy Select Sector Add +1992.5% 0.96% +0.88
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +776.9% 1.06% +0.85
SNSR Global X Internet of Things New 0.80% +0.80
MSFT Microsoft Corp. Add +225.2% 1.64% +0.79
DGRW Wisdomtree U.S. Quality Divi New 0.76% +0.76
AVUV Avantis US Small Cap Value New 0.76% +0.76
EMLP First Trust North American E New 0.70% +0.70
SHY iShares 1-3 Year Treasury Bo Add +323.6% 1.14% +0.69
HON Honeywell International Inc. Add +1818.5% 0.73% +0.68
EIPI FT Energy Income ETF New 0.59% +0.59
HELO JPMorgan Hedged Equity ETF New 0.55% +0.55
IOO iShares Global 100 ETF Add +201.2% 1.19% +0.55
CIBR First Trust Nasdaq Cybersecu New 0.53% +0.53
HEFA Isha Curr Hedged MSCI Eafe New 0.46% +0.46
SCHD Schwab US DVD Equity ETF Add +663.1% 0.59% +0.46
JMBS Janus Henderson Mortg Backed Add +4272.9% 0.48% +0.46
NEE Nextera Energy Inc. Add +1163.9% 0.54% +0.46
VTIP Vanguard Short-Term Tips New 0.42% +0.42
GOOG Alphabet Inc. Class C Add +371.7% 0.54% +0.38
IAGG iShares Intl Aggregate Bond New 0.36% +0.36
RMT Royce Micro-Cap Trust Inc. New 0.35% +0.35
KMI Kinder Morgan Inc. Add +946.1% 0.39% +0.34
CVX Chevron Corp. Add +306.7% 0.56% +0.33
RVT Royce Small-Cap Trust Inc. New 0.32% +0.32
VCIT Vanguard Int-Term Corporate New 0.32% +0.32
VONG Vanguard Russell 1000 Growth New 0.29% +0.29
KNG FT Vest S&P 500 DVD Arst TRG New 0.29% +0.29
FXR First Trust Indst/Producers New 0.27% +0.27
XMHQ Invesco S&P Midcap Qual ETF New 0.25% +0.25
QQQM Invesco Nasdaq 100 ETF New 0.25% +0.25
FNDF Schwab Fndmn Intl LRG Co. ETF New 0.23% +0.23
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.23% +0.23
SPTS SS SPDR P St Term TSY ETF Add +361.8% 0.35% +0.22
TLH iShares 10-20 Year Treasury New 0.22% +0.22
MBB iShares MBS ETF Add +222.7% 0.47% +0.22
JPST JPMorgan Ultra-Short Income New 0.21% +0.21
JEPI JPMorgan Equity Premium Inco New 0.21% +0.21
BA The Boeing Co. New 0.20% +0.20
IUSV iShares Core S&P U.S. Value Add +318.3% 0.34% +0.20
WELL Welltower Inc. New 0.20% +0.20

Options Activity Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US put Add +83.8% 19,300 $325K

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

Notes & Other Activity Q3 2024 → Q4 2024
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A Sold out 76,719 $2.0Mbefore exit
ADVENT CONVERTIBLE AND INCOM RIGHT 10/17/2024 Sold out 54,980 $1Kbefore exit

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