Modern Wealth Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Modern Wealth Management, LLC reported 840 stock positions worth $5.5 billion. Its top holding was Fidelity Total Bond ETF (FBND) at 3.0% of the portfolio, followed by Apple (AAPL, 2.5%) and Janus Henderson Aaa Clo ETF (JAAA, 2.4%). Compared with Q3 2025, it opened 94 new positions, sold out of 57, added to 440 and reduced 263. The biggest buy was Fidelity Total Bond ETF (FBND, shares +67%) and the biggest sale SS SPDR P S&P 500 Value ETF (SPYV, shares −44%).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0002001900
- Portfolio Value
- $5.5B (Q4 2025)
- SEC Filing
- 0002001900-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 840 stocks · $5.5B
| FBND Fidelity Total Bond ETF | 3.05% | 3,627,370 | $167.0M | Add +67.1% |
| AAPL Apple Inc. | 2.45% | 494,995 | $134.6M | Add +7.4% |
| JAAA Janus Henderson Aaa Clo ETF | 2.42% | 2,620,501 | $132.5M | Add +2.7% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 2.17% | 1,443,831 | $119.1M | Reduce -2.9% |
| QQQ Invesco QQQ Trust Series 1 | 2.12% | 189,340 | $116.3M | Reduce -11.0% |
| QUAL iShares MSCI USA Quality Fac | 2.10% | 580,779 | $115.4M | Add +13.6% |
| IVV iShares Core S&P 500 ETF | 1.89% | 151,510 | $103.8M | Add +26.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.87% | 305,158 | $102.3M | Add +2.5% |
| MSFT Microsoft Corp. | 1.84% | 208,138 | $100.7M | Add +4.1% |
| IVW iShares S&P 500 Growth ETF | 1.83% | 816,194 | $100.6M | Reduce -4.9% |
| PVAL Putnam Focused LRG Cap Value | 1.65% | 1,985,251 | $90.5M | Add +65.9% |
| JCPB JPMorgan Core Plus Bond ETF | 1.58% | 1,830,324 | $86.7M | Add +34.9% |
| JMBS Janus Henderson Mortg Backed | 1.45% | 1,742,797 | $79.6M | Add +24.3% |
| VFLO Victoryshares Free Cash Flow | 1.44% | 2,002,000 | $78.8M | Add +18.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.39% | 950,070 | $76.2M | Add +27.1% |
| AVEM Avantis Emerging Markets Eq | 1.24% | 883,392 | $68.0M | Add +28.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.10% | 88,126 | $60.1M | Reduce -27.8% |
| LRGF iShares US Equity Factor ETF | 1.08% | 856,823 | $59.5M | Add +32.0% |
| IVE iShares S&P 500 Value ETF | 0.99% | 256,478 | $54.4M | Add +15.1% |
| SCHX Schwab US Large-Cap ETF | 0.98% | 2,000,358 | $53.8M | Add +10.2% |
| SPTS SS SPDR P St Term TSY ETF | 0.98% | 1,832,139 | $53.6M | Add +4.9% |
| SCHF Schwab Intl Equity ETF | 0.96% | 2,187,258 | $52.6M | Reduce -1.0% |
| AVDE Avantis International Equity | 0.94% | 627,461 | $51.7M | Add +46.0% |
| JPM JPMorgan Chase & Co. | 0.93% | 158,185 | $51.0M | Add +1.5% |
| TCAF T Rowe PRC Cap Appreciation | 0.89% | 1,279,661 | $48.9M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 93,480 | $47.0M | Add +4.2% |
| IQLT iShares MSCI International Q | 0.85% | 1,027,785 | $46.7M | Add +0.3% |
| STIP iShares 0-5 Year Tips Bond E | 0.82% | 436,684 | $44.7M | Reduce -17.6% |
| GOOGL Alphabet Inc. Class A | 0.76% | 133,807 | $41.9M | Reduce -11.9% |
| COWZ Pacer US Cash Cows 100 ETF | 0.72% | 658,118 | $39.6M | Reduce -8.8% |
| SCHB Schwab US Broad Market ETF | 0.71% | 1,485,850 | $39.0M | Reduce -2.2% |
| EFA iShares MSCI Eafe ETF | 0.70% | 399,287 | $38.3M | Reduce -18.0% |
| VOO Vanguard S&P 500 ETF | 0.70% | 60,876 | $38.2M | Reduce -11.6% |
| DFIS Dimensional International SM | 0.69% | 1,156,097 | $38.1M | Add +20.4% |
| SMLF iShares US Smallcap Equity F | 0.69% | 505,682 | $37.9M | Add +40.3% |
| IOO iShares Global 100 ETF | 0.68% | 295,700 | $37.5M | Reduce -6.5% |
| AMZN Amazon.com Inc. | 0.68% | 162,103 | $37.4M | Add +3.1% |
| EEM iShares MSCI Emerging Market | 0.66% | 662,883 | $36.3M | Reduce -20.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.66% | 433,974 | $35.9M | Add +3.9% |
| NVDA Nvidia Corp. | 0.64% | 188,377 | $35.1M | Add +5.8% |
| JIRE JPMorgan Int Res Enh Eqty | 0.62% | 456,208 | $34.2M | Add +24.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.59% | 169,455 | $32.4M | Add +0.7% |
| XLE SS Energy Select Sector | 0.59% | 721,273 | $32.2M | Add +5.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.56% | 100,789 | $30.6M | Reduce -22.4% |
| SHV iShares 0-1 Year Treasury Bo | 0.56% | 277,393 | $30.6M | Add +6.1% |
| VONE Vanguard Russell 1000 | 0.54% | 95,790 | $29.6M | Reduce -0.8% |
| INTF iShares International Equity | 0.52% | 757,507 | $28.6M | Reduce -2.0% |
| DGRW Wisdomtree U.S. Quality Divi | 0.50% | 309,567 | $27.7M | Add +2.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.50% | 87,715 | $27.6M | Reduce 0.0% |
| SCHZ Schwab US Aggregate Bond ETF | 0.50% | 1,179,235 | $27.6M | Add +2.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.50% | 249,645 | $27.5M | Add +3.5% |
| SPGP Invesco S&P 500 Garp ETF | 0.50% | 241,243 | $27.5M | Reduce -0.9% |
| VEA Vanguard Ftse Developed ETF | 0.50% | 438,158 | $27.4M | Add +5.1% |
| SNSR Global X Internet of Things | 0.49% | 724,460 | $26.8M | Add +4.6% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.49% | 612,244 | $26.7M | Add +0.9% |
| GOOG Alphabet Inc. Class C | 0.48% | 84,715 | $26.6M | Reduce -9.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.47% | 453,190 | $25.7M | Reduce -44.2% |
| HON Honeywell International Inc. | 0.45% | 126,494 | $24.7M | Add +6.3% |
| SPSB SS SPDR P St C Corp. ETF | 0.45% | 815,858 | $24.6M | Reduce -0.8% |
| QQQM Invesco Nasdaq 100 ETF | 0.44% | 95,225 | $24.1M | Add +4.5% |
| IAU iShares Gold Trust | 0.43% | 290,563 | $23.6M | Add +35.6% |
| OUNZ Vaneck Merk Gold ETF | 0.43% | 568,549 | $23.6M | Reduce -9.2% |
| HFSI Hartfor Strateg Income ETF-U | 0.41% | 630,483 | $22.4M | Add +21.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.39% | 200,954 | $21.4M | Add +2.5% |
| TLH iShares 10-20 Year Treasury | 0.39% | 210,845 | $21.4M | Add +11.6% |
| NEE Nextera Energy Inc. | 0.39% | 263,265 | $21.1M | Add +2.4% |
| ITOT iShares Core S&P Total U.S. | 0.39% | 142,008 | $21.1M | Add +2.3% |
| PID Invesco International Divide | 0.38% | 946,146 | $20.8M | Reduce -8.4% |
| HEWJ Isha Curr Hedged MSCI Japan | 0.38% | 390,739 | $20.6M | Add +1.8% |
| IAGG iShares Intl Aggregate Bond | 0.37% | 409,615 | $20.5M | Reduce -12.5% |
| EMLP First Trust North American E | 0.37% | 534,308 | $20.2M | Add +2.9% |
| IDEV iShares Core MSCI Dev MKTS | 0.37% | 243,185 | $20.1M | Add +6.5% |
| AVUV Avantis US Small Cap Value | 0.36% | 194,539 | $19.8M | Reduce -5.0% |
| VGIT Vanguard Intermediate-Term T | 0.35% | 321,316 | $19.3M | Add +23.6% |
| CVX Chevron Corp. | 0.35% | 125,952 | $19.2M | Add +3.7% |
| IEMG iShares Core MSCI Emerging | 0.35% | 284,235 | $19.1M | Add +37.8% |
| BKGI BNY Mellon GLBL Infra Inc. | 0.34% | 462,043 | $18.6M | Add +1.7% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.33% | 392,368 | $18.3M | Add +39.9% |
| CIBR First Trust Nasdaq Cybersecu | 0.33% | 252,821 | $18.1M | Add +1.9% |
| AXP American Express Co. | 0.31% | 45,476 | $16.8M | Reduce -0.3% |
| EIPI FT Energy Income ETF | 0.30% | 826,793 | $16.4M | Reduce -0.8% |
| XSMO Invesco S&P Smallcap Momentu | 0.30% | 224,997 | $16.2M | New |
| IEF iShares 7-10 Year Treasury B | 0.30% | 168,337 | $16.2M | Add +4.8% |
| SCHA Schwab US Small-Cap ETF | 0.29% | 561,987 | $16.0M | Reduce -1.3% |
| BTI British American Tob-SP ADR | 0.29% | 281,684 | $15.9M | Add +1.2% |
| XMMO Invesco S&P Midcap Momentum | 0.29% | 114,994 | $15.9M | New |
| XLK SS Technology Select Sector | 0.29% | 110,288 | $15.9M | Add +1.5% |
| USFR Wisdomtree Floating Rate Tre | 0.28% | 305,567 | $15.4M | Reduce -21.5% |
| SPMO Invesco S&P 500 Momentum ETF | 0.28% | 128,596 | $15.3M | New |
| JQUA JPMorgan US Quality Factor | 0.27% | 234,452 | $14.8M | Add +0.9% |
| IJR iShares Core S&P Small-Cap E | 0.27% | 122,377 | $14.7M | Add +4.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.27% | 156,103 | $14.7M | Reduce -26.5% |
| XOM Exxon Mobil Corp. | 0.26% | 119,557 | $14.4M | Add +0.7% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 0.26% | 277,267 | $14.2M | Add +0.5% |
| PPA Invesco Aerospace & Defense | 0.26% | 90,156 | $14.1M | Add +0.3% |
| LLY Eli Lilly & Co. | 0.26% | 13,087 | $14.1M | Add +5.9% |
| MBB iShares MBS ETF | 0.25% | 146,307 | $13.9M | Add +24.4% |
| QJUN FT Vest Nasdaq-100 Buffer Et | 0.25% | 430,531 | $13.7M | Add +1.2% |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.25% | 139,948 | $13.7M | Add +2.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.25% | 223,815 | $13.6M | Add +57.5% |
Options reported separately and not counted above: SPY puts ($429K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $705K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 10,215 | $705K | No change |
Total filed on the 13F, all lines: $5.5B.
Portfolio Sells Q3 2025 → Q4 2025
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -44.2% | 0.47% | −0.42 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -11.0% | 2.12% | −0.41 |
| JPST JPMorgan Ultra-Short Income | Reduce -82.6% | 0.07% | −0.36 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -17.6% | 0.82% | −0.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -27.8% | 1.10% | −0.22 |
| EEM iShares MSCI Emerging Market | Reduce -20.4% | 0.66% | −0.22 |
| IVW iShares S&P 500 Growth ETF | Reduce -4.9% | 1.83% | −0.22 |
| EFA iShares MSCI Eafe ETF | Reduce -18.0% | 0.70% | −0.20 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -2.9% | 2.17% | −0.20 |
| XLV SS Health Care Select Sector | Reduce -86.0% | 0.03% | −0.20 |
| XLRE SS Real Estate Select Sector | Reduce -59.1% | 0.11% | −0.19 |
| KNG FT Vest S&P 500 DVD Arst TRG | Reduce -78.2% | 0.04% | −0.16 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -22.4% | 0.56% | −0.16 |
| VOO Vanguard S&P 500 ETF | Reduce -11.6% | 0.70% | −0.14 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -32.9% | 0.22% | −0.13 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -26.5% | 0.27% | −0.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -35.2% | 0.19% | −0.13 |
| IWM iShares Russell 2000 ETF | Reduce -73.2% | 0.04% | −0.11 |
| USFR Wisdomtree Floating Rate Tre | Reduce -21.5% | 0.28% | −0.11 |
| IAGG iShares Intl Aggregate Bond | Reduce -12.5% | 0.37% | −0.10 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -8.8% | 0.72% | −0.10 |
| VBIL Vanguard 0-3M T-Bill ETF | Reduce -89.7% | 0.01% | −0.09 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.09 |
| FEBT Allianzim US Eq BFFR10 FB-US | Reduce -30.9% | 0.13% | −0.07 |
| IOO iShares Global 100 ETF | Reduce -6.5% | 0.68% | −0.07 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -0.6% | 0.89% | −0.07 |
| SCHB Schwab US Broad Market ETF | Reduce -2.2% | 0.71% | −0.06 |
| DIVO Amplify CWP Enhan Divid ETF | Reduce -14.2% | 0.22% | −0.06 |
| SCHF Schwab Intl Equity ETF | Reduce -1.0% | 0.96% | −0.06 |
| PID Invesco International Divide | Reduce -8.4% | 0.38% | −0.06 |
| ESI Element Solutions Inc. | Sold out | 0.00% | −0.05 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -0.9% | 0.50% | −0.05 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -0.8% | 0.45% | −0.04 |
| ADBE Adobe Inc. | Reduce -56.5% | 0.03% | −0.04 |
| CAT Caterpillar Inc. | Reduce -48.2% | 0.06% | −0.04 |
| AVUV Avantis US Small Cap Value | Reduce -5.0% | 0.36% | −0.04 |
| GBCI Glacier Bancorp Inc. | Reduce -17.4% | 0.09% | −0.04 |
| CDW CDW Corp. | Sold out | 0.00% | −0.04 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.04 |
| AVLV Avantis US Large Cap Value | Reduce -15.3% | 0.17% | −0.04 |
| VONE Vanguard Russell 1000 | Reduce -0.8% | 0.54% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -49.1% | 0.03% | −0.04 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.04 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -40.1% | 0.05% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -2.3% | 0.18% | −0.04 |
| SUB iShares Short-Term National | Reduce -87.5% | 0.00% | −0.03 |
| IUSV iShares Core S&P U.S. Value | Reduce -24.1% | 0.08% | −0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce 0.0% | 0.50% | −0.03 |
| OUNZ Vaneck Merk Gold ETF | Reduce -9.2% | 0.43% | −0.03 |
| ABT Abbott Laboratories | Reduce -10.1% | 0.10% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| FBND Fidelity Total Bond ETF | Add +67.1% | 3.05% | +1.06 |
| PVAL Putnam Focused LRG Cap Value | Add +65.9% | 1.65% | +0.64 |
| IVV iShares Core S&P 500 ETF | Add +26.5% | 1.89% | +0.31 |
| JCPB JPMorgan Core Plus Bond ETF | Add +34.9% | 1.58% | +0.30 |
| XSMO Invesco S&P Smallcap Momentu | New | 0.30% | +0.30 |
| XMMO Invesco S&P Midcap Momentum | New | 0.29% | +0.29 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.28% | +0.28 |
| AVDE Avantis International Equity | Add +46.0% | 0.94% | +0.27 |
| GPIX GLDM SA S&P 500 PR in ETF-US | New | 0.25% | +0.25 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +27.1% | 1.39% | +0.23 |
| AVEM Avantis Emerging Markets Eq | Add +28.4% | 1.24% | +0.22 |
| LRGF iShares US Equity Factor ETF | Add +32.0% | 1.08% | +0.20 |
| JMBS Janus Henderson Mortg Backed | Add +24.3% | 1.45% | +0.19 |
| VFLO Victoryshares Free Cash Flow | Add +18.1% | 1.44% | +0.18 |
| SMLF iShares US Smallcap Equity F | Add +40.3% | 0.69% | +0.16 |
| DFAS Dimensional US Small Cap ETF | Add +240.3% | 0.22% | +0.15 |
| QUAL iShares MSCI USA Quality Fac | Add +13.6% | 2.10% | +0.14 |
| AAPL Apple Inc. | Add +7.4% | 2.45% | +0.13 |
| BPRE Bluerock Private Real Estate | New | 0.13% | +0.13 |
| IAU iShares Gold Trust | Add +35.6% | 0.43% | +0.12 |
| VMBS Vanguard Mortgage-Backed Sec | Add +86.2% | 0.23% | +0.10 |
| IBDT iShares Ibonds Dec 2028 ETF | New | 0.09% | +0.09 |
| DFIS Dimensional International SM | Add +20.4% | 0.69% | +0.09 |
| JIRE JPMorgan Int Res Enh Eqty | Add +24.6% | 0.62% | +0.09 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +57.5% | 0.25% | +0.08 |
| IVE iShares S&P 500 Value ETF | Add +15.1% | 0.99% | +0.08 |
| IEMG iShares Core MSCI Emerging | Add +37.8% | 0.35% | +0.08 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +39.9% | 0.33% | +0.07 |
| LLY Eli Lilly & Co. | Add +5.9% | 0.26% | +0.07 |
| YSEP FT VST Int Eq MB ETF-Usd Inc. | New | 0.07% | +0.07 |
| OCTT All US Equ BUF10 Oct ETF-Usd | New | 0.07% | +0.07 |
| OEF iShares S&P 100 ETF | Add +56.5% | 0.18% | +0.06 |
| MTUM iShares MSCI USA Momentum Fa | Add +161.7% | 0.10% | +0.06 |
| BDYN iShares DYN Act ETF | New | 0.05% | +0.05 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | New | 0.05% | +0.05 |
| SCHY Schwab International DVD ETF | Add +38.4% | 0.18% | +0.05 |
| MU Micron Technology Inc. | Add +10.2% | 0.11% | +0.05 |
| SCHG Schwab US Large-Cap Growth | Add +610.0% | 0.05% | +0.05 |
| URA Global X Uranium ETF | Add +198.9% | 0.07% | +0.04 |
| HFSI Hartfor Strateg Income ETF-U | Add +21.7% | 0.41% | +0.04 |
| VGIT Vanguard Intermediate-Term T | Add +23.6% | 0.35% | +0.04 |
| SOXX iShares Semiconductor ETF | New | 0.04% | +0.04 |
| EFV iShares MSCI Eafe Value ETF | Add +35.4% | 0.17% | +0.04 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.04% | +0.04 |
| BSCY Invesco Bulletshares 2034 CB | Add +541.5% | 0.05% | +0.04 |
| MELI MercadoLibre Inc. | New | 0.04% | +0.04 |
| NOW ServiceNow Inc. | Add +706.0% | 0.04% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Add +10.2% | 0.98% | +0.04 |
| AZO AutoZone Inc. | Add +826.5% | 0.04% | +0.03 |
| MBB iShares MBS ETF | Add +24.4% | 0.25% | +0.03 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 22,800 | $429K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 12,495 | $975before exit |
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 |