Morling Financial Advisors, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Morling Financial Advisors, LLC reported 101 stock positions worth $305.0 million. Its top holding was SS Doubleline TR Tact ETF (TOTL) at 11.7% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 11.5%) and TCW Flexible Income ETF (FLXR, 8.7%). Compared with Q1 2025, it opened 10 new positions, sold out of 29, added to 18 and reduced 51. The biggest buy was a new position in TCW Flexible Income ETF (FLXR) and the biggest sale First Trust Smith Unconstrai (UCON, shares −99%).

Most Recent 13F
Q2 2026
Location
FREMONT, CA
CIK
0001905198
Portfolio Value
$305.0M (Q2 2025)
SEC Filing
0001398344-25-014968 ↗ filed Aug 11, 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 Q1 2025 Q2 2025: $305.0M $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 101 stocks · $305.0M
TOTL SS Doubleline TR Tact ETF 11.75% 893,262 $35.8M Reduce -1.9%
VTI VG Morningstar TS MKT ETF-US 11.51% 115,547 $35.1M Add +2.8%
FLXR TCW Flexible Income ETF 8.65% 668,998 $26.4M New
COIN Coinbase Global Inc. Class A 8.08% 70,355 $24.7M Reduce -0.6%
VGSH Vanguard Short-Term Treasury 7.86% 407,736 $24.0M Add +20.4%
DFAU Dimensional US Core Equity M 7.20% 518,697 $22.0M Add +1.1%
DFAE Dimensional Emerging Core Eq 6.90% 727,083 $21.0M Add +0.1%
MTBA Simplify MBS ETF 4.84% 295,026 $14.8M Reduce -1.8%
DFAI Dimensional International Co. 3.79% 334,151 $11.6M Reduce -3.7%
SCHX Schwab US Large-Cap ETF 3.60% 449,003 $11.0M Reduce -4.3%
AAPL Apple Inc. 2.81% 41,718 $8.6M Reduce -11.1%
SPYM Ste STR SPDR PT S&P 500 ETF 2.71% 113,850 $8.3M Reduce -0.5%
IVV iShares Core S&P 500 ETF 1.90% 9,330 $5.8M Reduce -1.7%
AVUS Avantis U.S. Equity ETF 1.82% 55,031 $5.5M Add +1.8%
TSLA Tesla Inc. 1.39% 13,308 $4.2M Add +730.2%
IEMG iShares Core MSCI Emerging 1.38% 70,323 $4.2M Add +0.9%
VEA Vanguard Ftse Developed ETF 1.09% 58,519 $3.3M Reduce -1.5%
ITOT iShares Core S&P Total U.S. 0.77% 17,349 $2.3M Reduce -60.2%
NVDA Nvidia Corp. 0.66% 12,717 $2.0M Reduce -38.7%
AMZN Amazon.com Inc. 0.62% 8,587 $1.9M Reduce -23.9%
ESGU iShares ESG Aware MSCI USA 0.55% 12,400 $1.7M Add +14.9%
DFSU Dimensional US Sus CORE1 ETF 0.52% 40,239 $1.6M Add +4.0%
SPTM SS SPDR P S&P 1500 Comp ETF 0.50% 20,534 $1.5M Reduce -0.4%
MSFT Microsoft Corp. 0.47% 2,855 $1.4M Reduce -41.3%
GOOG Alphabet Inc. Class C 0.45% 7,796 $1.4M Reduce -21.2%
SCHB Schwab US Broad Market ETF 0.45% 57,815 $1.4M Add +16.6%
META Meta Platforms Inc. Class A 0.38% 1,589 $1.2M Reduce -64.5%
VOO Vanguard S&P 500 ETF 0.36% 1,921 $1.1M No change
SCHD Schwab US DVD Equity ETF 0.31% 36,085 $956K Reduce -4.0%
VIG Vanguard Dividend Apprec ETF 0.31% 4,572 $936K Reduce -2.0%
SCHE Schwab Emrg Mrkts Eqty ETF 0.29% 29,392 $886K Reduce -0.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.28% 1,392 $860K No change
RDDT Reddit Inc. Class A 0.27% 5,482 $825K Reduce -0.1%
DFSE Dimensional Em Sus CORE1 ETF 0.25% 19,960 $760K Add +0.1%
VWO Vanguard Ftse Emerging Marke 0.25% 15,250 $754K Reduce -14.6%
ESGE iShares Inc. iShares ESG Awar 0.23% 18,047 $707K Reduce -0.5%
SPEM State Street SP PTF Em ETF 0.23% 16,215 $693K Reduce -0.6%
GOOGL Alphabet Inc. Class A 0.22% 3,781 $666K Reduce -55.5%
UBER Uber Technologies Inc. 0.21% 6,973 $651K Reduce -15.1%
JPM JPMorgan Chase & Co. 0.18% 1,942 $563K Reduce -63.4%
CRWD CrowdStrike Holdings Inc. Class A 0.18% 1,088 $554K Reduce -2.9%
CMG Chipotle Mexican Grill Inc. 0.17% 9,310 $523K Reduce -10.5%
DFAC Dimensional US Core Equity 2 0.17% 14,490 $519K No change
NOW ServiceNow Inc. 0.16% 485 $499K Reduce -25.0%
NFLX Netflix Inc. 0.16% 358 $479K Reduce -23.7%
PRF Invesco Rafi US 1000 ETF 0.15% 10,820 $457K No change
DFEM Dimensional Emrg MRKT Core 0.15% 14,946 $444K Add +3.4%
DFSI Dimensional Int Sus COR1 ETF 0.14% 10,812 $426K Add +0.3%
UCON First Trust Smith Unconstrai 0.14% 16,869 $420K Reduce -98.7%
ESGD iShares Trust iShares ESG Aw 0.14% 4,664 $416K Reduce -4.3%
ISRG Intuitive Surgical Inc. 0.13% 736 $400K Reduce -4.0%
BRK.B Berkshire Hathaway Inc. Class B 0.13% 813 $395K Reduce -37.4%
EXFY Expensify Inc. Class A 0.13% 149,024 $386K No change
SPOT Spotify Technology SA 0.13% 501 $384K Reduce -29.2%
CRM Salesforce Inc. 0.12% 1,356 $370K Reduce -19.5%
EMXC iShares MSCI Emr MRK Ex Chna 0.11% 5,509 $348K Reduce -9.8%
PDP Invesco Dorsey Wright Moment 0.10% 2,933 $318K No change
EFA iShares MSCI Eafe ETF 0.10% 3,443 $308K Reduce -6.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.10% 6,414 $304K Reduce -18.0%
ABNB Airbnb Inc. Class A 0.10% 2,293 $303K Reduce -30.6%
XLK SS Technology Select Sector 0.08% 911 $231K New
SAND Sandstorm Gold Ltd. 0.08% 24,500 $230K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 1,844 $229K Reduce -15.9%
GE General Electric filed as GE AEROSPACE 0.07% 863 $222K Reduce -50.6%
QQQ Invesco QQQ Trust Series 1 0.07% 395 $218K Reduce -8.8%
SCHW Schwab (charles) Corp. 0.07% 2,386 $218K Reduce -22.3%
VB Vanguard Most SM-Cap ETF-Usd 0.07% 889 $211K Reduce -23.0%
IWF iShares Russell 1000 Growth 0.07% 471 $200K Add +33.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.06% 651 $182K No change
SCHF Schwab Intl Equity ETF 0.06% 8,220 $182K Reduce -68.2%
DVY iShares Select Dividend ETF 0.06% 1,308 $174K New
SPYG SS SPDR P S&P 500 Growth ETF 0.06% 1,781 $170K No change
NVG Nuveen Amt-FR Muni CRDT 0.05% 13,751 $164K Add +2.0%
IJH iShares Core S&P Midcap ETF 0.04% 2,011 $125K No change
SCHO Schwab Short-Term US Treas 0.04% 4,932 $120K Add +383.5%
IJR iShares Core S&P Small-Cap E 0.04% 1,088 $119K No change
IWM iShares Russell 2000 ETF 0.04% 547 $118K Reduce -50.8%
SPDW Ste STR SPDR PT DW Eu ETF 0.04% 2,912 $118K Reduce -0.5%
SOXX iShares Semiconductor ETF 0.03% 413 $99K Add +227.8%
TLT iShares 20+ Year Treasury BD 0.03% 1,036 $91K Add +1.2%
RSP Invesco S&P 500 Equal Weight 0.02% 409 $74K No change
IWR iShares Russell Mid-Cap ETF 0.02% 600 $55K No change
SDY SS SPDR S&P Dividend ETF 0.02% 353 $48K No change
SCHA Schwab US Small-Cap ETF 0.01% 1,200 $30K Reduce -62.9%
VT Vanguard Tot World STK ETF 0.01% 229 $29K New
IVW iShares S&P 500 Growth ETF 0.01% 234 $26K No change
XLF SS Financial Select Sector 0.01% 431 $23K New
AXTI Axt Inc. 0.01% 10,000 $21K No change
XLV SS Health Care Select Sector 0.01% 123 $17K New
XSD SS SPDR S&P Semiconductor 0.00% 52 $13K New
IVLU iShares MSCI International V 0.00% 397 $13K No change
IWN iShares Russell 2000 Value E 0.00% 78 $12K No change
ICF iShares Select U.S. REIT ETF 0.00% 150 $9K No change
EEM iShares MSCI Emerging Market 0.00% 186 $9K No change
SRLN SS Blackstone Sr Loan ETF 0.00% 162 $7K New
XLP SS Consumer Staples Sel Sect 0.00% 31 $3K New
FXI iShares China Large-Cap ETF 0.00% 60 $2K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 1 $165 Reduce -99.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.00% 1 $141 No change
IDEV iShares Core MSCI Dev MKTS 0.00% 1 $60 No change

Show all 101 holdings

Options reported separately and not counted above: TSLA puts ($762K).

Portfolio Sells Q1 2025 → Q2 2025
UCON First Trust Smith Unconstrai Reduce -98.7% 0.14% −10.69
ITOT iShares Core S&P Total U.S. Reduce -60.2% 0.77% −1.06
TOTL SS Doubleline TR Tact ETF Reduce -1.9% 11.75% −0.90
AAPL Apple Inc. Reduce -11.1% 2.81% −0.78
META Meta Platforms Inc. Class A Reduce -64.5% 0.38% −0.50
MTBA Simplify MBS ETF Reduce -1.8% 4.84% −0.34
JPM JPMorgan Chase & Co. Reduce -63.4% 0.18% −0.26
CALX Calix Inc. Sold out 0.00% −0.26
GOOGL Alphabet Inc. Class A Reduce -55.5% 0.22% −0.23
MSFT Microsoft Corp. Reduce -41.3% 0.47% −0.16
LLY Eli Lilly & Co. Sold out 0.00% −0.16
UNH Unitedhealth Group Inc. Sold out 0.00% −0.14
CHT Chunghwa Telecom LT-Spon ADR Sold out 0.00% −0.13
COST Costco Wholesale Corp. Sold out 0.00% −0.12
AMZN Amazon.com Inc. Reduce -23.9% 0.62% −0.12
NVDA Nvidia Corp. Reduce -38.7% 0.66% −0.12
SCHF Schwab Intl Equity ETF Reduce -68.2% 0.06% −0.12
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.11
AVGO Broadcom Inc. Sold out 0.00% −0.11
BRK.B Berkshire Hathaway Inc. Class B Reduce -37.4% 0.13% −0.11
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −0.11
V Visa Inc. Class A Sold out 0.00% −0.10
ABBV Abbvie Inc. Sold out 0.00% −0.10
WMT Walmart Inc. Sold out 0.00% −0.08
GOOG Alphabet Inc. Class C Reduce -21.2% 0.45% −0.08
IBN Icici Bank Ltd.-Spon ADR Sold out 0.00% −0.08
MA Mastercard Inc. Class A Sold out 0.00% −0.07
VTV Vanguard Mrngstr Val ETF-Aui Reduce -99.9% 0.00% −0.05
ESGV Vanguard ESG US Stock ETF Sold out 0.00% −0.05
SCHD Schwab US DVD Equity ETF Reduce -4.0% 0.31% −0.05
GE General Electric Reduce -50.6% 0.07% −0.05
WIT Wipro Ltd.-ADR Sold out 0.00% −0.04
IWM iShares Russell 2000 ETF Reduce -50.8% 0.04% −0.04
ABNB Airbnb Inc. Class A Reduce -30.6% 0.10% −0.04
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.04
CRM Salesforce Inc. Reduce -19.5% 0.12% −0.03
IJJ iShares S&P Mid-Cap 400 Valu Sold out 0.00% −0.03
VWO Vanguard Ftse Emerging Marke Reduce -14.6% 0.25% −0.03
IJK iShares S&P Mid-Cap 400 Grow Sold out 0.00% −0.03
SCHG Schwab US Large-Cap Growth Sold out 0.00% −0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Sold out 0.00% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -23.0% 0.07% −0.02
VSGX Vanguard ESG Intl Stock ETF Sold out 0.00% −0.02
VNQI Vanguard GLBL Ex-US Real Est Reduce -99.9% 0.00% −0.02
VBK Van Morst SML-Cap Gro-Usd Inc. Sold out 0.00% −0.02
SCHA Schwab US Small-Cap ETF Reduce -62.9% 0.01% −0.02
VSS Vanguard Ftse All Wo X-US SC Sold out 0.00% −0.02
AVNM Avantis All Intl MKTS Eq ETF Sold out 0.00% −0.01
NOW ServiceNow Inc. Reduce -25.0% 0.16% −0.01
BAC Bank of America Corp. Reduce -18.0% 0.10% −0.01

Portfolio Buys Q1 2025 → Q2 2025
FLXR TCW Flexible Income ETF New 8.65% +8.65
TSLA Tesla Inc. Add +730.2% 1.39% +1.24
VGSH Vanguard Short-Term Treasury Add +20.4% 7.86% +1.01
VTI VG Morningstar TS MKT ETF-US Add +2.8% 11.51% +0.87
DFAE Dimensional Emerging Core Eq Add +0.1% 6.90% +0.43
DFAU Dimensional US Core Equity M Add +1.1% 7.20% +0.41
AVUS Avantis U.S. Equity ETF Add +1.8% 1.82% +0.10
ESGU iShares ESG Aware MSCI USA Add +14.9% 0.55% +0.10
IEMG iShares Core MSCI Emerging Add +0.9% 1.38% +0.09
SCHB Schwab US Broad Market ETF Add +16.6% 0.45% +0.08
XLK SS Technology Select Sector New 0.08% +0.08
SAND Sandstorm Gold Ltd. New 0.08% +0.08
DVY iShares Select Dividend ETF New 0.06% +0.06
DFSU Dimensional US Sus CORE1 ETF Add +4.0% 0.52% +0.04
SCHO Schwab Short-Term US Treas Add +383.5% 0.04% +0.03
SOXX iShares Semiconductor ETF Add +227.8% 0.03% +0.02
IWF iShares Russell 1000 Growth Add +33.0% 0.07% +0.02
DFSE Dimensional Em Sus CORE1 ETF Add +0.1% 0.25% +0.02
DFEM Dimensional Emrg MRKT Core Add +3.4% 0.15% +0.01
DFSI Dimensional Int Sus COR1 ETF Add +0.3% 0.14% +0.01
VT Vanguard Tot World STK ETF New 0.01% +0.01
XLF SS Financial Select Sector New 0.01% +0.01
XLV SS Health Care Select Sector New 0.01% +0.01
XSD SS SPDR S&P Semiconductor New 0.00% +0.00
SRLN SS Blackstone Sr Loan ETF New 0.00% +0.00
XLP SS Consumer Staples Sel Sect New 0.00% +0.00
TLT iShares 20+ Year Treasury BD Add +1.2% 0.03% −0.00
NVG Nuveen Amt-FR Muni CRDT Add +2.0% 0.05% −0.00

Options Activity Q1 2025 → Q2 2025
TSLA Tesla Inc. put Add +140.0% 2,400 $762K

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