Morling Financial Advisors, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Morling Financial Advisors, LLC reported 102 stock positions worth $317.1 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 13.0% of the portfolio, followed by SS Doubleline TR Tact ETF (TOTL, 12.8%) and TCW Flexible Income ETF (FLXR, 9.2%). Compared with Q3 2025, it opened 11 new positions, sold out of 13, added to 33 and reduced 22. The biggest buy was Vanguard Short-Term Treasury (VGSH, shares +9%) and the biggest sale Apple (AAPL, shares −6%).

Most Recent 13F
Q2 2026
Location
FREMONT, CA
CIK
0001905198
Portfolio Value
$317.1M (Q4 2025)
SEC Filing
0001398344-26-002388 ↗ filed Feb 6, 2026

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 Q2 2025 Q3 2025: $301.3M Q3 2025 Q4 2025: $317.1M $317.1M Q4 2025 Q1 2026: $324.4M Q1 2026 Q2 2026: $359.0M Q2 2026

Holdings 102 stocks · $317.1M
VTI VG Morningstar TS MKT ETF-US 12.96% 122,594 $41.1M Add +2.6%
TOTL SS Doubleline TR Tact ETF 12.83% 1,011,006 $40.7M Add +7.3%
FLXR TCW Flexible Income ETF 9.22% 738,344 $29.2M Add +6.6%
VGSH Vanguard Short-Term Treasury 8.81% 475,730 $27.9M Add +8.8%
DFAU Dimensional US Core Equity M 7.83% 530,647 $24.8M Add +1.8%
DFAE Dimensional Emerging Core Eq 7.80% 759,127 $24.7M Add +3.2%
MTBA Simplify MBS ETF 5.38% 338,739 $17.1M Add +8.5%
DFAI Dimensional International Co. 4.31% 358,621 $13.7M Add +3.8%
SCHX Schwab US Large-Cap ETF 3.89% 458,881 $12.3M Add +2.4%
AAPL Apple Inc. 3.27% 38,195 $10.4M Reduce -6.3%
SPYM Ste STR SPDR PT S&P 500 ETF 2.77% 109,702 $8.8M Reduce -1.8%
AVUS Avantis U.S. Equity ETF 1.92% 54,497 $6.1M Reduce -1.0%
IVV iShares Core S&P 500 ETF 1.75% 8,095 $5.5M Reduce -3.9%
IEMG iShares Core MSCI Emerging 1.48% 69,966 $4.7M Add +0.5%
TSLA Tesla Inc. 1.19% 8,396 $3.8M Reduce -2.2%
VEA Vanguard Ftse Developed ETF 1.15% 58,266 $3.6M Add +0.1%
ITOT iShares Core S&P Total U.S. 0.82% 17,478 $2.6M Add +0.7%
GOOG Alphabet Inc. Class C 0.70% 7,066 $2.2M Reduce -2.3%
NVDA Nvidia Corp. 0.70% 11,854 $2.2M Add +5.0%
ESGU iShares ESG Aware MSCI USA 0.59% 12,527 $1.9M Add +1.4%
AMZN Amazon.com Inc. 0.59% 8,054 $1.9M Add +1.0%
DFSU Dimensional US Sus CORE1 ETF 0.55% 40,186 $1.7M Reduce -2.3%
SCHB Schwab US Broad Market ETF 0.47% 56,892 $1.5M Reduce -0.3%
SPTM SS SPDR P S&P 1500 Comp ETF 0.44% 16,877 $1.4M Reduce -8.2%
RDDT Reddit Inc. Class A 0.40% 5,482 $1.3M No change
VOO Vanguard S&P 500 ETF 0.38% 1,914 $1.2M No change
MSFT Microsoft Corp. 0.37% 2,431 $1.2M Add +1.6%
GOOGL Alphabet Inc. Class A 0.33% 3,331 $1.0M Add +1.3%
VIG Vanguard Dividend Apprec ETF 0.31% 4,538 $997K Add +0.9%
META Meta Platforms Inc. Class A 0.30% 1,461 $964K Reduce -0.3%
SCHD Schwab US DVD Equity ETF 0.30% 35,119 $963K Add +0.3%
SCHE Schwab Emrg Mrkts Eqty ETF 0.30% 29,392 $963K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.30% 1,392 $949K No change
DFSE Dimensional Em Sus CORE1 ETF 0.26% 20,176 $837K Add +0.8%
VWO Vanguard Ftse Emerging Marke 0.25% 15,008 $807K Reduce -0.1%
ESGE iShares Inc. iShares ESG Awar 0.25% 17,992 $795K Add +1.0%
SPEM State Street SP PTF Em ETF 0.23% 15,378 $720K Reduce -3.0%
JPM JPMorgan Chase & Co. 0.19% 1,843 $594K Add +1.6%
UBER Uber Technologies Inc. 0.18% 6,886 $563K No change
DFAC Dimensional US Core Equity 2 0.18% 14,050 $556K Reduce -3.0%
RGLD Royal Gold Inc. 0.17% 2,475 $550K New
CRWD CrowdStrike Holdings Inc. Class A 0.16% 1,085 $509K No change
PRF Invesco Rafi US 1000 ETF 0.16% 10,820 $508K No change
DFEM Dimensional Emrg MRKT Core 0.15% 14,529 $481K No change
DFSI Dimensional Int Sus COR1 ETF 0.15% 11,087 $475K Add +1.9%
ESGD iShares Trust iShares ESG Aw 0.15% 4,873 $463K Add +4.5%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 900 $452K Reduce -5.6%
IBIT iShares Bitcoin Trust ETF 0.13% 8,329 $414K Add +140.7%
BIZD Vaneck BDC Income ETF 0.13% 28,700 $407K New
ISRG Intuitive Surgical Inc. 0.13% 712 $403K Add +1.0%
EMXC iShares MSCI Emr MRK Ex Chna 0.13% 5,509 $400K No change
NOW ServiceNow Inc. 0.11% 2,345 $359K Reduce -5.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 6,308 $347K No change
PDP Invesco Dorsey Wright Moment 0.11% 2,933 $341K No change
EFA iShares MSCI Eafe ETF 0.10% 3,443 $331K No change
SPPP Sprott Physical Platinum And 0.10% 19,000 $320K No change
UCON First Trust Smith Unconstrai 0.10% 12,597 $317K Reduce -17.2%
NFLX Netflix Inc. 0.10% 3,370 $316K Add +0.6%
ABNB Airbnb Inc. Class A 0.10% 2,284 $310K No change
CRM Salesforce Inc. 0.10% 1,142 $303K No change
SPOT Spotify Technology SA 0.09% 492 $286K No change
TLT iShares 20+ Year Treasury BD 0.09% 3,194 $278K Add +56.0%
CMG Chipotle Mexican Grill Inc. 0.09% 7,400 $274K Reduce -20.0%
SCHF Schwab Intl Equity ETF 0.08% 10,680 $257K Add +29.9%
LLY Eli Lilly & Co. 0.08% 237 $255K New
INVH Invitation Homes Inc. 0.08% 8,900 $247K New
SCHO Schwab Short-Term US Treas 0.07% 9,689 $236K Add +40.2%
GDXJ Vaneck Junior Gold Miners 0.07% 2,044 $233K New
SCHW Schwab (charles) Corp. 0.07% 2,323 $232K Add +1.0%
ABBV Abbvie Inc. 0.07% 987 $226K Add +0.7%
QQQ Invesco QQQ Trust Series 1 0.07% 366 $225K New
GDX Vaneck Gold Miners ETF 0.06% 2,359 $202K New
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.06% 650 $189K Reduce -14.7%
NVG Nuveen Amt-FR Muni CRDT 0.06% 14,383 $182K Add +2.5%
SPYG SS SPDR P S&P 500 Growth ETF 0.05% 1,574 $168K No change
IWF iShares Russell 1000 Growth 0.05% 307 $145K No change
IJH iShares Core S&P Midcap ETF 0.04% 2,011 $133K No change
IJR iShares Core S&P Small-Cap E 0.04% 1,088 $131K Reduce -0.9%
SPDW Ste STR SPDR PT DW Eu ETF 0.04% 2,896 $129K Reduce -0.6%
VB Vanguard Most SM-Cap ETF-Usd 0.04% 485 $125K No change
TLTW iShares 20+ Bond Buywrite 0.04% 5,164 $117K New
IWM iShares Russell 2000 ETF 0.04% 475 $117K No change
RSP Invesco S&P 500 Equal Weight 0.02% 409 $78K No change
IWR iShares Russell Mid-Cap ETF 0.02% 600 $58K Reduce -14.4%
ISHARES 25+ YR TREAS STRIPS 0.02% 5,339 $49K New
SDY SS SPDR S&P Dividend ETF 0.02% 353 $49K No change
SCHA Schwab US Small-Cap ETF 0.01% 1,201 $34K No change
IVW iShares S&P 500 Growth ETF 0.01% 234 $29K No change
VT Vanguard Tot World STK ETF 0.01% 197 $28K Reduce -14.0%
LDEM iShares ESG MSCI Em Leaders 0.01% 462 $27K New
BUFR FT Vest Lad Buffervetf-Usd I 0.01% 700 $24K New
IVLU iShares MSCI International V 0.00% 397 $15K No change
IWN iShares Russell 2000 Value E 0.00% 78 $14K No change
EEM iShares MSCI Emerging Market 0.00% 186 $10K No change
ICF iShares Select U.S. REIT ETF 0.00% 150 $9K No change
FXI iShares China Large-Cap ETF 0.00% 60 $2K No change
IDEV iShares Core MSCI Dev MKTS 0.00% 1 $65 No change
SPIB SS SPDR P Int C Corp. ETF 0.00% 1 $30 No change
FNDA Schwab Fndmntl US SM Co. ETF 0.00% 1 $27 No change
SCHP Schwab U.S. Tips ETF 0.00% 1 $23 No change
EBND State Street SPDR Bloomberg 0.00% 1 $21 No change
SCHR Schwab Intermediate-Term US 0.00% 1 $15 No change

Options reported separately and not counted above: TSLA puts ($1.1M).

Portfolio Sells Q3 2025 → Q4 2025
AAPL Apple Inc. Reduce -6.3% 3.27% −0.17
SAND Sandstorm Gold Ltd. Sold out 0.00% −0.16
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -1.8% 2.77% −0.13
IVV iShares Core S&P 500 ETF Reduce -3.9% 1.75% −0.12
EXFY Expensify Inc. Class A Sold out 0.00% −0.09
GE General Electric Sold out 0.00% −0.08
TSLA Tesla Inc. Reduce -2.2% 1.19% −0.08
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.07
DIS The Walt Disney Co. Sold out 0.00% −0.07
AVUS Avantis U.S. Equity ETF Reduce -1.0% 1.92% −0.06
META Meta Platforms Inc. Class A Reduce -0.3% 0.30% −0.05
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -8.2% 0.44% −0.05
NOW ServiceNow Inc. Reduce -5.1% 0.11% −0.04
CMG Chipotle Mexican Grill Inc. Reduce -20.0% 0.09% −0.03
DFSU Dimensional US Sus CORE1 ETF Reduce -2.3% 0.55% −0.03
UCON First Trust Smith Unconstrai Reduce -17.2% 0.10% −0.03
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −0.02
SPEM State Street SP PTF Em ETF Reduce -3.0% 0.23% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -5.6% 0.14% −0.02
SCHB Schwab US Broad Market ETF Reduce -0.3% 0.47% −0.02
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -0.1% 0.25% −0.02
AXTI Axt Inc. Sold out 0.00% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -14.7% 0.06% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Sold out 0.00% −0.01
DFAC Dimensional US Core Equity 2 Reduce -3.0% 0.18% −0.01
IWR iShares Russell Mid-Cap ETF Reduce -14.4% 0.02% −0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd Sold out 0.00% −0.00
IWB iShares Russell 1000 ETF Sold out 0.00% −0.00
IJR iShares Core S&P Small-Cap E Reduce -0.9% 0.04% −0.00
VT Vanguard Tot World STK ETF Reduce -14.0% 0.01% −0.00
AVDV Avantis Intl S/C Value ETF Sold out 0.00% −0.00
SPDW Ste STR SPDR PT DW Eu ETF Reduce -0.6% 0.04% −0.00
IWV iShares Russell 3000 ETF Sold out 0.00% −0.00
GOOG Alphabet Inc. Class C Reduce -2.3% 0.70% +0.11

Portfolio Buys Q3 2025 → Q4 2025
VGSH Vanguard Short-Term Treasury Add +8.8% 8.81% +0.27
RGLD Royal Gold Inc. New 0.17% +0.17
MTBA Simplify MBS ETF Add +8.5% 5.38% +0.16
TOTL SS Doubleline TR Tact ETF Add +7.3% 12.83% +0.15
DFAI Dimensional International Co. Add +3.8% 4.31% +0.14
BIZD Vaneck BDC Income ETF New 0.13% +0.13
DFAE Dimensional Emerging Core Eq Add +3.2% 7.80% +0.10
LLY Eli Lilly & Co. New 0.08% +0.08
INVH Invitation Homes Inc. New 0.08% +0.08
GDXJ Vaneck Junior Gold Miners New 0.07% +0.07
QQQ Invesco QQQ Trust Series 1 New 0.07% +0.07
FLXR TCW Flexible Income ETF Add +6.6% 9.22% +0.07
GDX Vaneck Gold Miners ETF New 0.06% +0.06
GOOGL Alphabet Inc. Class A Add +1.3% 0.33% +0.06
IBIT iShares Bitcoin Trust ETF Add +140.7% 0.13% +0.06
TLTW iShares 20+ Bond Buywrite New 0.04% +0.04
TLT iShares 20+ Year Treasury BD Add +56.0% 0.09% +0.03
ISRG Intuitive Surgical Inc. Add +1.0% 0.13% +0.02
SCHO Schwab Short-Term US Treas Add +40.2% 0.07% +0.02
SCHF Schwab Intl Equity ETF Add +29.9% 0.08% +0.02
ISHARES 25+ YR TREAS STRIPS New 0.02% +0.02
LDEM iShares ESG MSCI Em Leaders New 0.01% +0.01
BUFR FT Vest Lad Buffervetf-Usd I New 0.01% +0.01
AMZN Amazon.com Inc. Add +1.0% 0.59% +0.01
ESGD iShares Trust iShares ESG Aw Add +4.5% 0.15% +0.00
DFSI Dimensional Int Sus COR1 ETF Add +1.9% 0.15% +0.00
SCHW Schwab (charles) Corp. Add +1.0% 0.07% +0.00
NVG Nuveen Amt-FR Muni CRDT Add +2.5% 0.06% +0.00
NVDA Nvidia Corp. Add +5.0% 0.70% −0.00
JPM JPMorgan Chase & Co. Add +1.6% 0.19% −0.00
ABBV Abbvie Inc. Add +0.7% 0.07% −0.00
ESGE iShares Inc. iShares ESG Awar Add +1.0% 0.25% −0.01
VIG Vanguard Dividend Apprec ETF Add +0.9% 0.31% −0.01
ESGU iShares ESG Aware MSCI USA Add +1.4% 0.59% −0.01
DFSE Dimensional Em Sus CORE1 ETF Add +0.8% 0.26% −0.01
VEA Vanguard Ftse Developed ETF Add +0.1% 1.15% −0.01
SCHD Schwab US DVD Equity ETF Add +0.3% 0.30% −0.01
ITOT iShares Core S&P Total U.S. Add +0.7% 0.82% −0.02
SCHX Schwab US Large-Cap ETF Add +2.4% 3.89% −0.02
NFLX Netflix Inc. Add +0.6% 0.10% −0.03
IEMG iShares Core MSCI Emerging Add +0.5% 1.48% −0.04
MSFT Microsoft Corp. Add +1.6% 0.37% −0.04
VTI VG Morningstar TS MKT ETF-US Add +2.6% 12.96% −0.06
DFAU Dimensional US Core Equity M Add +1.8% 7.83% −0.09

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