Morling Financial Advisors, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Morling Financial Advisors, LLC reported 120 stock positions worth $290.3 million. Its top holding was SS Doubleline TR Tact ETF (TOTL) at 12.6% of the portfolio, followed by First Trust Smith Unconstrai (UCON, 10.8%) and VG Morningstar TS MKT ETF-US (VTI, 10.6%). Compared with Q4 2024, it opened 19 new positions, sold out of 20, added to 42 and reduced 29. The biggest buy was Dimensional Emerging Core Eq (DFAE, shares +8%) and the biggest sale SS Doubleline TR Tact ETF (TOTL, shares −6%).

Most Recent 13F
Q2 2026
Location
FREMONT, CA
CIK
0001905198
Portfolio Value
$290.3M (Q1 2025)
SEC Filing
0001398344-25-008787 ↗ filed May 6, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $174.9M Q1 2024 Q2 2024: $229.4M Q2 2024 Q3 2024: $262.4M Q3 2024 Q4 2024: $286.8M Q4 2024 Q1 2025: $290.3M $290.3M Q1 2025 Q2 2025: $305.0M Q2 2025 Q3 2025: $301.3M Q3 2025 Q4 2025: $317.1M Q4 2025 Q1 2026: $324.4M Q1 2026 Q2 2026: $359.0M Q2 2026

Holdings 120 stocks · $290.3M
TOTL SS Doubleline TR Tact ETF 12.64% 911,008 $36.7M Reduce -5.8%
UCON First Trust Smith Unconstrai 10.83% 1,270,289 $31.4M Add +6.2%
VTI VG Morningstar TS MKT ETF-US 10.64% 112,408 $30.9M Add +4.1%
VGSH Vanguard Short-Term Treasury 6.85% 338,778 $19.9M Add +7.0%
DFAU Dimensional US Core Equity M 6.79% 512,961 $19.7M Add +2.0%
DFAE Dimensional Emerging Core Eq 6.48% 726,123 $18.8M Add +8.4%
MTBA Simplify MBS ETF 5.19% 300,403 $15.1M Add +6.7%
COIN Coinbase Global Inc. Class A 4.20% 70,800 $12.2M Add +0.1%
DFAI Dimensional International Co. 3.73% 347,068 $10.8M Add +4.6%
AAPL Apple Inc. 3.59% 46,929 $10.4M Add +11.0%
SCHX Schwab US Large-Cap ETF 3.57% 469,418 $10.4M Add +0.5%
SPYM Ste STR SPDR PT S&P 500 ETF 2.59% 114,367 $7.5M Reduce -0.8%
IVV iShares Core S&P 500 ETF 1.84% 9,491 $5.3M Reduce -0.8%
ITOT iShares Core S&P Total U.S. 1.83% 43,589 $5.3M Reduce -0.6%
AVUS Avantis U.S. Equity ETF 1.72% 54,078 $5.0M Reduce -1.7%
IEMG iShares Core MSCI Emerging 1.30% 69,726 $3.8M Reduce -1.7%
VEA Vanguard Ftse Developed ETF 1.04% 59,400 $3.0M Reduce -0.5%
META Meta Platforms Inc. Class A 0.89% 4,470 $2.6M Reduce -15.2%
NVDA Nvidia Corp. 0.78% 20,760 $2.3M Add +41.8%
AMZN Amazon.com Inc. 0.74% 11,277 $2.1M Add +30.0%
MSFT Microsoft Corp. 0.63% 4,865 $1.8M Add +59.9%
GOOG Alphabet Inc. Class C 0.53% 9,899 $1.5M Add +85.3%
SPTM SS SPDR P S&P 1500 Comp ETF 0.48% 20,614 $1.4M Reduce -1.3%
DFSU Dimensional US Sus CORE1 ETF 0.48% 38,707 $1.4M Add +35.5%
GOOGL Alphabet Inc. Class A 0.45% 8,507 $1.3M Add +385.0%
ESGU iShares ESG Aware MSCI USA 0.45% 10,790 $1.3M Add +4.1%
JPM JPMorgan Chase & Co. 0.45% 5,302 $1.3M Add +178.0%
SCHB Schwab US Broad Market ETF 0.37% 49,561 $1.1M Reduce -0.9%
SCHD Schwab US DVD Equity ETF 0.36% 37,602 $1.1M No change
VOO Vanguard S&P 500 ETF 0.34% 1,921 $987K No change
VIG Vanguard Dividend Apprec ETF 0.31% 4,666 $905K Reduce -2.2%
SCHE Schwab Emrg Mrkts Eqty ETF 0.28% 29,535 $814K Reduce -0.1%
VWO Vanguard Ftse Emerging Marke 0.28% 17,858 $808K Add +16.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 1,392 $779K No change
CALX Calix Inc. 0.26% 21,160 $750K New
BRK.B Berkshire Hathaway Inc. Class B 0.24% 1,298 $691K Add +35.9%
DFSE Dimensional Em Sus CORE1 ETF 0.23% 19,945 $672K Add +34.4%
SPEM State Street SP PTF Em ETF 0.22% 16,304 $642K Reduce -1.2%
ESGE iShares Inc. iShares ESG Awar 0.22% 18,137 $634K Add +10.4%
UBER Uber Technologies Inc. 0.21% 8,212 $598K Reduce -1.9%
RDDT Reddit Inc. Class A 0.20% 5,487 $576K Add +3.8%
CMG Chipotle Mexican Grill Inc. 0.18% 10,407 $523K Add +10.8%
NOW ServiceNow Inc. 0.18% 647 $515K Add +23.7%
SCHF Schwab Intl Equity ETF 0.18% 25,814 $511K Add +206.8%
DFAC Dimensional US Core Equity 2 0.16% 14,490 $478K Reduce -0.0%
LLY Eli Lilly & Co. 0.16% 567 $468K Add +113.2%
EXFY Expensify Inc. Class A 0.16% 149,024 $453K No change
CRM Salesforce Inc. 0.16% 1,685 $452K Add +25.8%
NFLX Netflix Inc. 0.15% 469 $437K Add +39.2%
PRF Invesco Rafi US 1000 ETF 0.15% 10,820 $437K No change
TSLA Tesla Inc. 0.14% 1,603 $415K Add +90.6%
ESGD iShares Trust iShares ESG Aw 0.14% 4,871 $398K Add +11.1%
CRWD CrowdStrike Holdings Inc. Class A 0.14% 1,121 $395K Add +3.3%
ABNB Airbnb Inc. Class A 0.14% 3,306 $395K Reduce -50.9%
UNH Unitedhealth Group Inc. 0.14% 753 $394K New
SPOT Spotify Technology SA 0.13% 708 $389K Add +36.9%
DFEM Dimensional Emrg MRKT Core 0.13% 14,455 $382K No change
ISRG Intuitive Surgical Inc. 0.13% 767 $380K Add +16.2%
DFSI Dimensional Int Sus COR1 ETF 0.13% 10,781 $376K Add +29.4%
CHT Chunghwa Telecom LT-Spon ADR 0.13% 9,474 $371K New
COST Costco Wholesale Corp. 0.12% 380 $359K New
GE General Electric filed as GE AEROSPACE 0.12% 1,746 $349K New
EMXC iShares MSCI Emr MRK Ex Chna 0.12% 6,104 $336K Reduce -11.9%
TSM Taiwan Semiconductor-SP ADR 0.11% 1,999 $332K Add +67.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 7,821 $326K Add +8.1%
AVGO Broadcom Inc. 0.11% 1,901 $318K New
VUG Vanguard Mrngstar GR ETF-Sui 0.11% 840 $311K Reduce -15.2%
EFA iShares MSCI Eafe ETF 0.10% 3,692 $302K Add +1.9%
PDP Invesco Dorsey Wright Moment 0.10% 2,933 $293K No change
V Visa Inc. Class A 0.10% 823 $288K New
ABBV Abbvie Inc. 0.10% 1,370 $287K New
VB Vanguard Most SM-Cap ETF-Usd 0.09% 1,155 $256K Reduce -25.7%
SCHW Schwab (charles) Corp. 0.08% 3,070 $240K New
WMT Walmart Inc. 0.08% 2,635 $231K New
IBN Icici Bank Ltd.-Spon ADR 0.08% 7,206 $227K New
IWM iShares Russell 2000 ETF 0.08% 1,112 $222K Add +134.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 2,194 $217K Reduce -7.1%
MA Mastercard Inc. Class A 0.07% 374 $205K New
QQQ Invesco QQQ Trust Series 1 0.07% 433 $203K Reduce -58.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.06% 651 $168K Reduce -1.5%
NVG Nuveen Amt-FR Muni CRDT 0.06% 13,486 $167K Reduce -26.9%
VTV Vanguard Mrngstr Val ETF-Aui 0.05% 901 $156K Reduce -5.3%
ESGV Vanguard ESG US Stock ETF 0.05% 1,524 $149K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.05% 1,781 $143K No change
IWF iShares Russell 1000 Growth 0.04% 354 $128K No change
IJH iShares Core S&P Midcap ETF 0.04% 2,011 $117K No change
IJR iShares Core S&P Small-Cap E 0.04% 1,088 $114K Reduce -1.8%
WIT Wipro Ltd.-ADR 0.04% 37,178 $114K New
SPDW Ste STR SPDR PT DW Eu ETF 0.04% 2,926 $107K Reduce -3.9%
VNQ Vanguard Real Estate ETF 0.04% 1,162 $105K Reduce -1.7%
TLT iShares 20+ Year Treasury BD 0.03% 1,024 $93K Add +0.7%
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 761 $91K No change
IJK iShares S&P Mid-Cap 400 Grow 0.03% 1,082 $90K No change
SCHA Schwab US Small-Cap ETF 0.03% 3,230 $76K Add +169.2%
RSP Invesco S&P 500 Equal Weight 0.02% 409 $71K No change
SCHG Schwab US Large-Cap Growth 0.02% 2,784 $70K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.02% 325 $61K No change
VSGX Vanguard ESG Intl Stock ETF 0.02% 916 $54K No change
VNQI Vanguard GLBL Ex-US Real Est 0.02% 1,296 $52K Add +129500.0%
IWR iShares Russell Mid-Cap ETF 0.02% 600 $51K Reduce -2.0%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.02% 195 $49K No change
SDY SS SPDR S&P Dividend ETF 0.02% 353 $48K No change
VSS Vanguard Ftse All Wo X-US SC 0.02% 381 $44K New
AVNM Avantis All Intl MKTS Eq ETF 0.01% 712 $42K No change
SCHO Schwab Short-Term US Treas 0.01% 1,020 $25K New
SOXX iShares Semiconductor ETF 0.01% 126 $24K No change
IVW iShares S&P 500 Growth ETF 0.01% 234 $22K No change
AVUV Avantis US Small Cap Value 0.01% 235 $20K No change
AXTI Axt Inc. 0.00% 10,000 $14K No change
IVLU iShares MSCI International V 0.00% 397 $12K No change
IWN iShares Russell 2000 Value E 0.00% 78 $12K No change
SCHP Schwab U.S. Tips ETF 0.00% 358 $10K New
VGIT Vanguard Intermediate-Term T 0.00% 157 $9K New
ICF iShares Select U.S. REIT ETF 0.00% 150 $9K No change
EEM iShares MSCI Emerging Market 0.00% 186 $8K No change
EBND State Street SPDR Bloomberg 0.00% 382 $8K New
VGLT Vanguard Long-Term Treasury 0.00% 99 $6K New
FXI iShares China Large-Cap ETF 0.00% 60 $2K Reduce -64.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.00% 1 $138 No change
IDEV iShares Core MSCI Dev MKTS 0.00% 1 $54 No change

Options reported separately and not counted above: TSLA puts ($259K).

Portfolio Sells Q4 2024 → Q1 2025
TOTL SS Doubleline TR Tact ETF Reduce -5.8% 12.64% −0.64
META Meta Platforms Inc. Class A Reduce -15.2% 0.89% −0.19
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -0.8% 2.59% −0.18
ET Energy Transfer LP Sold out 0.00% −0.17
ABNB Airbnb Inc. Class A Reduce -50.9% 0.14% −0.17
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −0.15
AVUS Avantis U.S. Equity ETF Reduce -1.7% 1.72% −0.14
ITOT iShares Core S&P Total U.S. Reduce -0.6% 1.83% −0.13
IVV iShares Core S&P 500 ETF Reduce -0.8% 1.84% −0.13
QQQ Invesco QQQ Trust Series 1 Reduce -58.9% 0.07% −0.12
EGY Vaalco Energy Inc. Sold out 0.00% −0.10
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.07
ABR Arbor Realty Trust Inc. Sold out 0.00% −0.07
VB Vanguard Most SM-Cap ETF-Usd Reduce -25.7% 0.09% −0.04
JPC Nuveen Prefered & Income Opp Sold out 0.00% −0.04
XLK SS Technology Select Sector Sold out 0.00% −0.04
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -1.3% 0.48% −0.04
VUG Vanguard Mrngstar GR ETF-Sui Reduce -15.2% 0.11% −0.03
SCHB Schwab US Broad Market ETF Reduce -0.9% 0.37% −0.03
NVG Nuveen Amt-FR Muni CRDT Reduce -26.9% 0.06% −0.02
EMXC iShares MSCI Emr MRK Ex Chna Reduce -11.9% 0.12% −0.02
DIS The Walt Disney Co. Reduce -7.1% 0.07% −0.02
FNDA Schwab Fndmntl US SM Co. ETF Sold out 0.00% −0.02
VIG Vanguard Dividend Apprec ETF Reduce -2.2% 0.31% −0.01
XLF SS Financial Select Sector Sold out 0.00% −0.01
EDV Vanguard Extended Dur Treas Sold out 0.00% −0.01
XLE SS Energy Select Sector Sold out 0.00% −0.01
IGM iShares Expanded Tech Sector Sold out 0.00% −0.01
XLV SS Health Care Select Sector Sold out 0.00% −0.01
DFAC Dimensional US Core Equity 2 Reduce -0.0% 0.16% −0.01
AVLV Avantis US Large Cap Value Sold out 0.00% −0.01
IJR iShares Core S&P Small-Cap E Reduce -1.8% 0.04% −0.01
XLI SS Industrial Select Sector Sold out 0.00% −0.00
AVSC Avantis US Small Cap Equity Sold out 0.00% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.5% 0.06% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -5.3% 0.05% −0.00
XLY SS Consumer Disc Select Sect Sold out 0.00% −0.00
VT Vanguard Tot World STK ETF Sold out 0.00% −0.00
IWR iShares Russell Mid-Cap ETF Reduce -2.0% 0.02% −0.00
KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.00
FXI iShares China Large-Cap ETF Reduce -64.7% 0.00% −0.00
XLP SS Consumer Staples Sel Sect Sold out 0.00% −0.00
VNQ Vanguard Real Estate ETF Reduce -1.7% 0.04% −0.00
SPEM State Street SP PTF Em ETF Reduce -1.2% 0.22% +0.00
SPDW Ste STR SPDR PT DW Eu ETF Reduce -3.9% 0.04% +0.00
IEMG iShares Core MSCI Emerging Reduce -1.7% 1.30% +0.01
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -0.1% 0.28% +0.01
UBER Uber Technologies Inc. Reduce -1.9% 0.21% +0.03
VEA Vanguard Ftse Developed ETF Reduce -0.5% 1.04% +0.04

Portfolio Buys Q4 2024 → Q1 2025
DFAE Dimensional Emerging Core Eq Add +8.4% 6.48% +0.55
UCON First Trust Smith Unconstrai Add +6.2% 10.83% +0.55
VGSH Vanguard Short-Term Treasury Add +7.0% 6.85% +0.43
DFAI Dimensional International Co. Add +4.6% 3.73% +0.36
GOOGL Alphabet Inc. Class A Add +385.0% 0.45% +0.34
MTBA Simplify MBS ETF Add +6.7% 5.19% +0.31
JPM JPMorgan Chase & Co. Add +178.0% 0.45% +0.29
CALX Calix Inc. New 0.26% +0.26
MSFT Microsoft Corp. Add +59.9% 0.63% +0.18
GOOG Alphabet Inc. Class C Add +85.3% 0.53% +0.18
UNH Unitedhealth Group Inc. New 0.14% +0.14
CHT Chunghwa Telecom LT-Spon ADR New 0.13% +0.13
COST Costco Wholesale Corp. New 0.12% +0.12
SCHF Schwab Intl Equity ETF Add +206.8% 0.18% +0.12
GE General Electric New 0.12% +0.12
AVGO Broadcom Inc. New 0.11% +0.11
DFSU Dimensional US Sus CORE1 ETF Add +35.5% 0.48% +0.10
V Visa Inc. Class A New 0.10% +0.10
ABBV Abbvie Inc. New 0.10% +0.10
LLY Eli Lilly & Co. Add +113.2% 0.16% +0.09
NVDA Nvidia Corp. Add +41.8% 0.78% +0.09
BRK.B Berkshire Hathaway Inc. Class B Add +35.9% 0.24% +0.09
SCHW Schwab (charles) Corp. New 0.08% +0.08
WMT Walmart Inc. New 0.08% +0.08
IBN Icici Bank Ltd.-Spon ADR New 0.08% +0.08
AMZN Amazon.com Inc. Add +30.0% 0.74% +0.08
MA Mastercard Inc. Class A New 0.07% +0.07
DFSE Dimensional Em Sus CORE1 ETF Add +34.4% 0.23% +0.06
SPOT Spotify Technology SA Add +36.9% 0.13% +0.05
NFLX Netflix Inc. Add +39.2% 0.15% +0.05
VWO Vanguard Ftse Emerging Marke Add +16.3% 0.28% +0.04
IWM iShares Russell 2000 ETF Add +134.1% 0.08% +0.04
WIT Wipro Ltd.-ADR New 0.04% +0.04
DFSI Dimensional Int Sus COR1 ETF Add +29.4% 0.13% +0.03
TSM Taiwan Semiconductor-SP ADR Add +67.3% 0.11% +0.03
ESGE iShares Inc. iShares ESG Awar Add +10.4% 0.22% +0.03
TSLA Tesla Inc. Add +90.6% 0.14% +0.02
ESGD iShares Trust iShares ESG Aw Add +11.1% 0.14% +0.02
VNQI Vanguard GLBL Ex-US Real Est Add +129500.0% 0.02% +0.02
SCHA Schwab US Small-Cap ETF Add +169.2% 0.03% +0.02
VSS Vanguard Ftse All Wo X-US SC New 0.02% +0.02
ISRG Intuitive Surgical Inc. Add +16.2% 0.13% +0.01
SCHO Schwab Short-Term US Treas New 0.01% +0.01
EFA iShares MSCI Eafe ETF Add +1.9% 0.10% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +3.3% 0.14% +0.01
SCHP Schwab U.S. Tips ETF New 0.00% +0.00
VGIT Vanguard Intermediate-Term T New 0.00% +0.00
EBND State Street SPDR Bloomberg New 0.00% +0.00
VGLT Vanguard Long-Term Treasury New 0.00% +0.00
BAC Bank of America Corp. Add +8.1% 0.11% +0.00

Options Activity Q4 2024 → Q1 2025
TSLA Tesla Inc. put New 1,000 $259K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 122$359.0MVTI, TOTL, FLXR, VGSH, DFAE
Q1 2026 107$324.4MTOTL, VTI, FLXR, VGSH, DFAE
Q4 2025 102$317.1MVTI, TOTL, FLXR, VGSH, DFAU
Q3 2025 104$301.3MVTI, TOTL, FLXR, VGSH, DFAU
Q2 2025 101$305.0MTOTL, VTI, FLXR, COIN, VGSH
Q1 2025 120$290.3MTOTL, UCON, VTI, VGSH, DFAU
Q4 2024 121$286.8MTOTL, VTI, UCON, DFAU, VGSH
Q3 2024 100$262.4MTOTL, UCON, VTI, DFAU, VGSH
Q2 2024 90$229.4MTOTL, VTI, UCON, DFAU, COIN
Q1 2024 103$174.9MVTI, COIN, DFAU, VGSH, DFAE