Modern Wealth Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed November 12, 2025), Modern Wealth Management, LLC reported 775 stock positions worth $4.1 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 3.1% of the portfolio, followed by SS SPDR P S&P 1500 Comp ETF (SPTM, 2.9%) and iShares S&P 500 Growth ETF (IVW, 2.9%). Compared with Q1 2025, it opened 135 new positions, sold out of 35, added to 402 and reduced 213. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +164%) and the biggest sale SS SPDR Dow Jones Indus Avg (DIA, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0002001900
- Portfolio Value
- $4.1B (Q2 2025)
- SEC Filing
- 0002001900-25-000022 ↗ filed Nov 12, 2025
Holdings Value
Holdings 775 stocks · $4.1B
| QQQ Invesco QQQ Trust Series 1 | 3.12% | 229,644 | $126.7M | Add +164.4% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 2.95% | 1,598,319 | $119.7M | Reduce -5.7% |
| IVW iShares S&P 500 Growth ETF | 2.94% | 1,083,566 | $119.3M | Reduce -2.0% |
| JAAA Janus Henderson Aaa Clo ETF | 2.83% | 2,267,342 | $115.1M | Add +19.4% |
| VTI VG Morningstar TS MKT ETF-US | 2.21% | 295,061 | $89.7M | Add +3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.10% | 159,946 | $85.1M | Reduce -14.3% |
| AAPL Apple Inc. | 2.00% | 396,401 | $81.3M | Add +13.5% |
| IVV iShares Core S&P 500 ETF | 1.84% | 120,063 | $74.5M | Add +103.1% |
| MSFT Microsoft Corp. | 1.82% | 148,654 | $73.9M | Add +2.6% |
| EFA iShares MSCI Eafe ETF | 1.61% | 730,429 | $65.3M | Add +2212.3% |
| FBND Fidelity Total Bond ETF | 1.58% | 1,406,274 | $64.3M | Add +7.9% |
| STIP iShares 0-5 Year Tips Bond E | 1.56% | 613,825 | $63.2M | Reduce -1.5% |
| EEM iShares MSCI Emerging Market | 1.55% | 1,304,997 | $63.0M | Add +10756.0% |
| QUAL iShares MSCI USA Quality Fac | 1.44% | 320,704 | $58.6M | Add +6.0% |
| JPM JPMorgan Chase & Co. | 1.11% | 155,937 | $45.2M | Reduce -0.5% |
| TCAF T Rowe PRC Cap Appreciation | 1.11% | 1,278,309 | $45.1M | Add +1.1% |
| COWZ Pacer US Cash Cows 100 ETF | 1.08% | 798,244 | $44.0M | Reduce -11.3% |
| VOO Vanguard S&P 500 ETF | 1.08% | 77,392 | $44.0M | Reduce -0.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 1.08% | 836,916 | $43.8M | Reduce -36.0% |
| IVE iShares S&P 500 Value ETF | 1.06% | 220,477 | $43.1M | Add +721.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.95% | 464,347 | $38.5M | Add +18.4% |
| JMBS Janus Henderson Mortg Backed | 0.95% | 853,159 | $38.4M | Add +131.4% |
| JCPB JPMorgan Core Plus Bond ETF | 0.94% | 812,430 | $38.2M | Add +322.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.90% | 65,987 | $36.4M | Add +3299250.0% |
| VFLO Victoryshares Free Cash Flow | 0.88% | 1,012,565 | $35.8M | New |
| IOO iShares Global 100 ETF | 0.84% | 316,947 | $34.2M | Add +0.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.73% | 166,815 | $29.5M | Add +3535.1% |
| SPTS SS SPDR P St Term TSY ETF | 0.72% | 998,226 | $29.2M | Add +175.1% |
| XLE SS Energy Select Sector | 0.71% | 340,448 | $28.9M | Add +7.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.68% | 595,085 | $27.5M | Reduce -15.5% |
| VONE Vanguard Russell 1000 | 0.67% | 97,337 | $27.3M | Add +0.9% |
| HON Honeywell International Inc. | 0.66% | 115,180 | $26.8M | Add +9.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.66% | 366,892 | $26.7M | Add +973.0% |
| INTF iShares International Equity | 0.65% | 775,951 | $26.6M | Add +0.4% |
| NVDA Nvidia Corp. | 0.64% | 165,720 | $26.2M | Add +8.7% |
| SHV iShares 0-1 Year Treasury Bo | 0.64% | 236,188 | $26.1M | New |
| SNSR Global X Internet of Things | 0.64% | 685,653 | $25.9M | Add +7.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.62% | 88,315 | $25.2M | Reduce -3.6% |
| PVAL Putnam Focused LRG Cap Value | 0.61% | 617,908 | $24.9M | Add +20.8% |
| DGRW Wisdomtree U.S. Quality Divi | 0.61% | 295,679 | $24.8M | Add +14.1% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.60% | 613,404 | $24.2M | Add +12.2% |
| USFR Wisdomtree Floating Rate Tre | 0.59% | 478,865 | $24.1M | Reduce -6.5% |
| VEA Vanguard Ftse Developed ETF | 0.57% | 409,508 | $23.3M | Reduce -2.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.57% | 211,318 | $23.2M | New |
| TLH iShares 10-20 Year Treasury | 0.54% | 216,123 | $22.0M | Add +161.4% |
| SPSB SS SPDR P St C Corp. ETF | 0.52% | 705,285 | $21.3M | Add +20.4% |
| AMZN Amazon.com Inc. | 0.52% | 96,208 | $21.1M | Add +14.3% |
| PID Invesco International Divide | 0.51% | 1,008,078 | $20.7M | New |
| AVUV Avantis US Small Cap Value | 0.50% | 221,316 | $20.2M | Add +4.0% |
| LRGF iShares US Equity Factor ETF | 0.48% | 307,221 | $19.7M | Add +27.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.48% | 203,630 | $19.4M | Reduce -26.5% |
| XLRE SS Real Estate Select Sector | 0.48% | 468,214 | $19.4M | Reduce -23.7% |
| EMLP First Trust North American E | 0.48% | 516,593 | $19.4M | Reduce -1.1% |
| OUNZ Vaneck Merk Gold ETF | 0.47% | 602,481 | $19.2M | Reduce -4.3% |
| ITOT iShares Core S&P Total U.S. | 0.47% | 142,251 | $19.2M | Add +20.8% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.46% | 470,649 | $18.7M | Add +3.5% |
| CIBR First Trust Nasdaq Cybersecu | 0.46% | 245,253 | $18.5M | Add +9.0% |
| IQLT iShares MSCI International Q | 0.42% | 399,422 | $17.3M | Add +4.5% |
| NEE Nextera Energy Inc. | 0.42% | 246,018 | $17.1M | Add +16.2% |
| DFIS Dimensional International SM | 0.42% | 571,257 | $17.0M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.41% | 181,429 | $16.6M | Reduce -74.0% |
| CVX Chevron Corp. | 0.41% | 115,919 | $16.6M | Add +3.0% |
| GOOG Alphabet Inc. Class C | 0.41% | 93,284 | $16.5M | Add +10.3% |
| EIPI FT Energy Income ETF | 0.40% | 814,854 | $16.1M | Reduce -1.6% |
| IEF iShares 7-10 Year Treasury B | 0.40% | 167,765 | $16.1M | Add +112.7% |
| DIVO Amplify CWP Enhan Divid ETF | 0.39% | 374,254 | $15.9M | Reduce -4.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.39% | 69,071 | $15.7M | Add +119.3% |
| IDEV iShares Core MSCI Dev MKTS | 0.38% | 203,003 | $15.4M | Add +9.3% |
| USIG iShares Broad Usd Investment | 0.37% | 295,893 | $15.2M | Add +102.0% |
| MBB iShares MBS ETF | 0.37% | 158,548 | $14.9M | Add +1.7% |
| VGIT Vanguard Intermediate-Term T | 0.35% | 239,892 | $14.3M | Reduce -11.8% |
| JQUA JPMorgan US Quality Factor | 0.34% | 229,690 | $13.8M | Add +16.0% |
| IJR iShares Core S&P Small-Cap E | 0.34% | 126,167 | $13.8M | Add +262.5% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.34% | 272,786 | $13.7M | New |
| XLK SS Technology Select Sector | 0.33% | 52,902 | $13.4M | Add +797.4% |
| GOVT iShares US Treasury Bond ETF | 0.33% | 582,280 | $13.4M | Add +1.9% |
| ISCF iShares International Small | 0.33% | 340,583 | $13.2M | Reduce -0.0% |
| GOOGL Alphabet Inc. Class A | 0.32% | 74,718 | $13.2M | Add +14.8% |
| QDEC FT Vest Nasdaq-100 Buffer Et | 0.32% | 441,852 | $13.0M | New |
| AGG iShares Core U.S. Aggregate | 0.32% | 130,373 | $12.9M | Add +5.7% |
| XOM Exxon Mobil Corp. | 0.31% | 116,880 | $12.6M | Add +0.4% |
| IAGG iShares Intl Aggregate Bond | 0.31% | 245,781 | $12.6M | Add +73.0% |
| AVEM Avantis Emerging Markets Eq | 0.30% | 178,558 | $12.2M | Add +4353.9% |
| IEMG iShares Core MSCI Emerging | 0.30% | 203,865 | $12.2M | Add +69.0% |
| FVD First Trust Value Line DVD | 0.30% | 269,124 | $12.0M | New |
| HEFA Isha Curr Hedged MSCI Eafe | 0.29% | 314,760 | $11.9M | Reduce -2.0% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.29% | 276,251 | $11.8M | Add +4.8% |
| HFSI Hartfor Strateg Income ETF-U | 0.29% | 334,659 | $11.7M | Add +40.1% |
| AVLV Avantis US Large Cap Value | 0.28% | 167,764 | $11.4M | Reduce -3.1% |
| ICOW Pacer Developed Markets Inte | 0.28% | 335,184 | $11.4M | Add +2.2% |
| KMI Kinder Morgan Inc. | 0.28% | 383,952 | $11.3M | Add +0.2% |
| IUSV iShares Core S&P U.S. Value | 0.27% | 117,380 | $11.1M | Add +18.0% |
| IAU iShares Gold Trust | 0.26% | 169,212 | $10.6M | Reduce -2.8% |
| VIG Vanguard Dividend Apprec ETF | 0.25% | 50,284 | $10.3M | Add +4.4% |
| FNCL Fidelity MSCI Financial Indx | 0.25% | 137,539 | $10.2M | Add +139.9% |
| IDMO Invesco S&P International DE | 0.25% | 198,724 | $10.2M | New |
| RMT Royce Micro-Cap Trust Inc. | 0.25% | 1,095,569 | $10.1M | Add +1.9% |
| ABBV Abbvie Inc. | 0.25% | 54,388 | $10.1M | Add +3.0% |
| FEBT Allianzim US Eq BFFR10 FB-US | 0.25% | 284,405 | $10.0M | New |
| LLY Eli Lilly & Co. | 0.24% | 15,683 | $9.9M | Add +33.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $695K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 10,227 | $695K | New |
Total filed on the 13F, all lines: $4.1B.
Portfolio Sells Q1 2025 → Q2 2025
| DIA SS SPDR Dow Jones Indus Avg | Reduce -97.6% | 0.05% | −2.73 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -74.0% | 0.41% | −1.63 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -14.3% | 2.10% | −1.24 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -36.0% | 1.08% | −1.06 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -5.7% | 2.95% | −0.74 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.73 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -1.5% | 1.56% | −0.51 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -11.3% | 1.08% | −0.49 |
| HELO JPMorgan Hedged Equity ETF | Reduce -94.7% | 0.02% | −0.44 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -88.3% | 0.04% | −0.42 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -15.5% | 0.68% | −0.36 |
| IVW iShares S&P 500 Growth ETF | Reduce -2.0% | 2.94% | −0.34 |
| XLRE SS Real Estate Select Sector | Reduce -23.7% | 0.48% | −0.34 |
| PFFD Global X US Preferred ETF | Reduce -97.7% | 0.01% | −0.33 |
| VONG Vanguard Russell 1000 Growth | Reduce -91.3% | 0.03% | −0.30 |
| IYW iShares Ustechnology ETF | Reduce -75.1% | 0.09% | −0.28 |
| FTLS First Trust Long/Short Eqty | Reduce -85.8% | 0.03% | −0.24 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -26.5% | 0.48% | −0.23 |
| USFR Wisdomtree Floating Rate Tre | Reduce -6.5% | 0.59% | −0.23 |
| VOO Vanguard S&P 500 ETF | Reduce -0.1% | 1.08% | −0.19 |
| VGIT Vanguard Intermediate-Term T | Reduce -11.8% | 0.35% | −0.16 |
| WELL Welltower Inc. | Reduce -81.8% | 0.03% | −0.16 |
| EMLP First Trust North American E | Reduce -1.1% | 0.48% | −0.15 |
| EIPI FT Energy Income ETF | Reduce -1.6% | 0.40% | −0.14 |
| OUNZ Vaneck Merk Gold ETF | Reduce -4.3% | 0.47% | −0.13 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -3.6% | 0.62% | −0.13 |
| JPM JPMorgan Chase & Co. | Reduce -0.5% | 1.11% | −0.12 |
| DIVO Amplify CWP Enhan Divid ETF | Reduce -4.0% | 0.39% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -5.5% | 0.24% | −0.11 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.3% | 0.57% | −0.11 |
| JEPI JPMorgan Equity Premium Inco | Reduce -29.1% | 0.10% | −0.09 |
| AVLV Avantis US Large Cap Value | Reduce -3.1% | 0.28% | −0.08 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -2.0% | 0.29% | −0.08 |
| IAU iShares Gold Trust | Reduce -2.8% | 0.26% | −0.07 |
| RODM Hartford Multifact Dev MRKT | Reduce -35.8% | 0.08% | −0.07 |
| FSK FS KKR Capital Corp. | Reduce -2.1% | 0.20% | −0.07 |
| JNJ Johnson & Johnson | Reduce -1.9% | 0.15% | −0.07 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -34.5% | 0.09% | −0.06 |
| TTC Toro Co. | Sold out | 0.00% | −0.06 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.06 |
| PTRB Pgim Total Return Bond ETF | Sold out | 0.00% | −0.06 |
| RVT Royce Small-Cap Trust Inc. | Reduce -4.9% | 0.19% | −0.06 |
| IJJ iShares S&P Mid-Cap 400 Valu | Sold out | 0.00% | −0.06 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -77.8% | 0.01% | −0.05 |
| JPST JPMorgan Ultra-Short Income | Reduce -4.0% | 0.14% | −0.05 |
| BND Vanguard Total Bond Market | Reduce -4.2% | 0.13% | −0.05 |
| USRT iShares Core US REIT ETF | Reduce -5.6% | 0.11% | −0.05 |
| DOW Dow Inc. | Reduce -63.6% | 0.01% | −0.05 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.6% | 0.14% | −0.04 |
| ISCF iShares International Small | Reduce -0.0% | 0.33% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | Add +164.4% | 3.12% | +1.82 |
| EEM iShares MSCI Emerging Market | Add +10756.0% | 1.55% | +1.53 |
| EFA iShares MSCI Eafe ETF | Add +2212.3% | 1.61% | +1.52 |
| IVE iShares S&P 500 Value ETF | Add +721.5% | 1.06% | +0.90 |
| VFLO Victoryshares Free Cash Flow | New | 0.88% | +0.88 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +3299250.0% | 0.90% | +0.85 |
| IVV iShares Core S&P 500 ETF | Add +103.1% | 1.84% | +0.77 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3535.1% | 0.73% | +0.70 |
| JCPB JPMorgan Core Plus Bond ETF | Add +322.1% | 0.94% | +0.65 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.64% | +0.64 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +973.0% | 0.66% | +0.58 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.57% | +0.57 |
| PID Invesco International Divide | New | 0.51% | +0.51 |
| DFIS Dimensional International SM | New | 0.42% | +0.42 |
| JMBS Janus Henderson Mortg Backed | Add +131.4% | 0.95% | +0.41 |
| SPTS SS SPDR P St Term TSY ETF | Add +175.1% | 0.72% | +0.38 |
| JMTG Mortgage-Backed Securities | New | 0.34% | +0.34 |
| QDEC FT Vest Nasdaq-100 Buffer Et | New | 0.32% | +0.32 |
| FVD First Trust Value Line DVD | New | 0.30% | +0.30 |
| AVEM Avantis Emerging Markets Eq | Add +4353.9% | 0.30% | +0.29 |
| XLK SS Technology Select Sector | Add +797.4% | 0.33% | +0.29 |
| TLH iShares 10-20 Year Treasury | Add +161.4% | 0.54% | +0.27 |
| IDMO Invesco S&P International DE | New | 0.25% | +0.25 |
| FEBT Allianzim US Eq BFFR10 FB-US | New | 0.25% | +0.25 |
| IGIB iShares 5-10Y Inv Grade Corp. | New | 0.23% | +0.23 |
| IJR iShares Core S&P Small-Cap E | Add +262.5% | 0.34% | +0.22 |
| BSCV Invesco Bulletshares 2031 CB | New | 0.21% | +0.21 |
| QQQM Invesco Nasdaq 100 ETF | Add +119.3% | 0.39% | +0.19 |
| BSJT Invesco Bulletshares 2029 HY | New | 0.19% | +0.19 |
| IXUS iShares Core Intl Stock ETF | Add +1752.4% | 0.19% | +0.18 |
| USHY iShares Broad Usd High Yield | New | 0.18% | +0.18 |
| GRID First TRST Nasd Class Edg Sgiif | Add +672.4% | 0.20% | +0.17 |
| VXUS Vanguard Total Intl Stock | Add +1185.3% | 0.19% | +0.17 |
| BSCP Invesco Bulletshares 2025 CB | New | 0.17% | +0.17 |
| VNQ Vanguard Real Estate ETF | Add +1084.8% | 0.18% | +0.16 |
| USIG iShares Broad Usd Investment | Add +102.0% | 0.37% | +0.16 |
| BSCX Invesco Bulletshares 2033 CB | New | 0.16% | +0.16 |
| IEF iShares 7-10 Year Treasury B | Add +112.7% | 0.40% | +0.15 |
| TQQQ Proshares Ultrapro QQQ | New | 0.15% | +0.15 |
| BSCW Invesco Bulletshares 2032 CB | New | 0.15% | +0.15 |
| FHLC Fidelity MSCI Health Care | Add +372.0% | 0.21% | +0.15 |
| BSCU Invesco Bulletshares 2030 CB | New | 0.14% | +0.14 |
| DFEM Dimensional Emrg MRKT Core | New | 0.13% | +0.13 |
| BSCQ Invesco Bulletshares 2026 CB | New | 0.13% | +0.13 |
| BSJR Invesco Bulletshares 2027 HY | New | 0.12% | +0.12 |
| FNCL Fidelity MSCI Financial Indx | Add +139.9% | 0.25% | +0.12 |
| NVDA Nvidia Corp. | Add +8.7% | 0.64% | +0.12 |
| FIW First Trust Water ETF | New | 0.12% | +0.12 |
| ESGD iShares Trust iShares ESG Aw | Add +819.0% | 0.13% | +0.11 |
| ICF iShares Select U.S. REIT ETF | New | 0.11% | +0.11 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 28,200 | $617Kbefore exit |
| LLY Eli Lilly & Co. | put | Sold out | 3,300 | $211Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 10,227 | $695K |
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 | 1,098 | $8.4B | FBND, JCPB, SPYM, PVAL, AAPL |
| Q1 2026 | 869 | $5.8B | FBND, JAAA, AAPL, SPTM, PVAL |
| Q4 2025 | 840 | $5.5B | FBND, AAPL, JAAA, SPTM, QQQ |
| Q3 2025 | 802 | $5.1B | JAAA, QQQ, SPTM, AAPL, IVW |
| Q2 2025Amended | 775 | $4.1B | QQQ, SPTM, IVW, JAAA, VTI |
| Q1 2025Amended | 675 | $3.1B | SPTM, SPY, IVW, JAAA, DIA |
| Q4 2024Amended | 579 | $2.7B | SPTM, IVW, SPY, AAPL, IVE |
| Q3 2024Amended | 433 | $1.6B | STIP, QQQ, SPY, IVW, EFA |
| Q2 2024Amended | 404 | $1.4B | QQQ, STIP, IVW, SPY, IJK |
| Q1 2024Amended | 297 | $1.1B | STIP, INVESCO QQQ TR, SPY, IVW, IVE |