Napa Wealth Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Napa Wealth Management reported 115 stock positions worth $148.2 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 15.1% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 13.2%) and SS Spdrb B 3-12M T-Bill ETF (BILS, 3.2%). Compared with Q1 2024, it opened 63 new positions, sold out of 19, added to 25 and reduced 24. The biggest buy was a new position in Cambria Emerg Shrhldr Yield (EYLD) and the biggest sale SS Spdrb B 3-12M T-Bill ETF (BILS, shares −90%).
- Most Recent 13F
- Q3 2025
- Location
- Napa, CA
- CIK
- 0001602844
- Portfolio Value
- $148.2M (Q2 2024)
- SEC Filing
- 0001172661-24-003496 ↗ filed Aug 14, 2024
Holdings Value
Holdings 115 stocks · $148.2M
| USFR Wisdomtree Floating Rate Tre | 15.07% | 443,661 | $22.3M | Reduce -60.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 13.17% | 212,548 | $19.5M | Reduce -51.3% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 3.23% | 48,212 | $4.8M | Reduce -89.9% |
| SPTS SS SPDR P St Term TSY ETF | 2.93% | 150,158 | $4.3M | Add +56.7% |
| EYLD Cambria Emerg Shrhldr Yield | 2.68% | 115,572 | $4.0M | New |
| ECOW Pacer Emerging Markets Cash | 2.66% | 194,208 | $3.9M | New |
| QQQ Invesco QQQ Trust Series 1 | 2.04% | 6,317 | $3.0M | Reduce -0.4% |
| IXC iShares Global Energy ETF | 2.03% | 72,574 | $3.0M | New |
| RSPG Invesco S&P 500 Equal Weight | 1.96% | 36,032 | $2.9M | New |
| RSPR Invesco S&P 500 Equal Weight | 1.94% | 87,760 | $2.9M | New |
| RSPF Invesco S&P 500 Equal Weight | 1.93% | 46,561 | $2.9M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.75% | 40,395 | $2.6M | Reduce -0.4% |
| SHV iShares 0-1 Year Treasury Bo | 1.73% | 23,204 | $2.6M | Add +67.9% |
| USRT iShares Core US REIT ETF | 1.59% | 44,021 | $2.4M | New |
| HTGC Hercules Capital Inc. | 1.57% | 113,897 | $2.3M | Add +26.1% |
| FXI iShares China Large-Cap ETF | 1.55% | 88,170 | $2.3M | New |
| ITB iShares U.S. Home Constructi | 1.51% | 22,137 | $2.2M | New |
| NVDA Nvidia Corp. | 1.51% | 18,103 | $2.2M | Add +22.3% |
| IVV iShares Core S&P 500 ETF | 1.47% | 3,979 | $2.2M | Add +2.8% |
| MSFT Microsoft Corp. | 1.41% | 4,670 | $2.1M | Add +11.8% |
| SPTI SS SPDR P Int Term TSY ETF | 1.19% | 62,987 | $1.8M | Add +218.8% |
| AAPL Apple Inc. | 0.91% | 6,423 | $1.4M | Reduce -26.0% |
| TIPX SS SPDR BB 1-10YR Tips ETF | 0.91% | 72,734 | $1.3M | Add +265.8% |
| HERD Pacer Cash Cows Fund of Fund | 0.89% | 35,643 | $1.3M | New |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.85% | 46,402 | $1.3M | Add +356.5% |
| AIQ Global X Art Intel & Tech | 0.84% | 34,907 | $1.2M | Reduce -2.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.81% | 14,762 | $1.2M | Reduce -32.3% |
| QTEC First Trust Nasdq 100 Tech I | 0.76% | 5,734 | $1.1M | Add +3.8% |
| BNDX Vanguard Total Intl Bond ETF | 0.76% | 23,255 | $1.1M | New |
| KWEB Kranesh Csi China Internet | 0.76% | 41,624 | $1.1M | New |
| FTGC First Trust Global Tactical | 0.75% | 46,380 | $1.1M | New |
| QQQM Invesco Nasdaq 100 ETF | 0.65% | 4,853 | $956K | Add +1.2% |
| SMH Vaneck Semiconductor ETF | 0.64% | 3,656 | $953K | Add +1.7% |
| IEI iShares 3-7 Year Treasury Bo | 0.61% | 7,798 | $900K | New |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | 0.59% | 69,372 | $868K | Reduce -29.9% |
| ANET Arista Networks Inc. | 0.55% | 2,344 | $822K | Add +24.3% |
| FXF Invesco Currencyshares Swiss | 0.55% | 8,258 | $817K | New |
| EDV Vanguard Extended Dur Treas | 0.54% | 10,881 | $799K | New |
| META Meta Platforms Inc. Class A | 0.54% | 1,582 | $798K | Add +196.8% |
| AGG iShares Core U.S. Aggregate | 0.51% | 7,737 | $751K | New |
| NOW ServiceNow Inc. | 0.50% | 943 | $742K | Add +24.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.48% | 1,309 | $712K | Reduce -4.6% |
| AOR iShares Core 60/40 Balanced | 0.47% | 12,469 | $702K | Add +56.3% |
| NVG Nuveen Amt-FR Muni CRDT | 0.47% | 55,390 | $690K | New |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.46% | 32,351 | $689K | New |
| SPIP SS SPDR P Tips ETF | 0.46% | 26,827 | $682K | Add +96.0% |
| BIZD Vaneck BDC Income ETF | 0.46% | 39,774 | $681K | New |
| TLH iShares 10-20 Year Treasury | 0.46% | 6,615 | $679K | New |
| PFFV Global X Variable Rate Pref | 0.46% | 28,640 | $677K | New |
| PFO Flaherty & Crumrine P&I Opp | 0.46% | 79,792 | $676K | New |
| REM iShares Mortgage Real Estate | 0.46% | 30,494 | $676K | New |
| AVUV Avantis US Small Cap Value | 0.45% | 7,505 | $673K | New |
| IRVH Global X Interest RT Vol Inf | 0.45% | 32,833 | $672K | New |
| BKLN Invesco Senior Loan ETF | 0.45% | 31,709 | $667K | New |
| AMZN Amazon.com Inc. | 0.45% | 3,446 | $666K | New |
| FYLD Cambria Foreign Shareholder | 0.45% | 25,094 | $663K | New |
| IJR iShares Core S&P Small-Cap E | 0.45% | 6,192 | $660K | Reduce -0.5% |
| GCOW Pacer Global Cash Cows Divid | 0.45% | 19,575 | $660K | New |
| CEF Sprott Physical Gold and Sil | 0.44% | 29,792 | $657K | New |
| GOOGL Alphabet Inc. Class A | 0.44% | 3,560 | $648K | Add +122.0% |
| DECK Deckers Outdoor Corp. | 0.43% | 657 | $636K | Add +66.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.43% | 2,367 | $633K | No change |
| PSP Invesco Global Listed Privat | 0.43% | 10,313 | $630K | New |
| KRANESHARES TRUST | 0.42% | 48,456 | $624K | New |
| CDNS Cadence Design SYS Inc. | 0.41% | 1,953 | $601K | Reduce -1.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.39% | 16,532 | $580K | New |
| LLY Eli Lilly & Co. | 0.39% | 636 | $576K | New |
| PCY Invesco Emerging Markets Sov | 0.38% | 27,882 | $558K | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.37% | 5,059 | $542K | New |
| FXY Invesco Currencyshares Japan | 0.35% | 9,050 | $521K | New |
| SPEM State Street SP PTF Em ETF | 0.35% | 13,665 | $515K | New |
| SKYY First Trust Cloud Computing | 0.33% | 5,090 | $486K | No change |
| NSSC Napco Security Technologies | 0.33% | 9,319 | $484K | New |
| SUB iShares Short-Term National | 0.32% | 4,522 | $473K | Reduce -16.6% |
| PWRD TCW Transform Systems ETF | 0.30% | 6,557 | $447K | New |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 0.29% | 5,794 | $435K | New |
| VOO Vanguard S&P 500 ETF | 0.28% | 823 | $412K | Add +0.7% |
| JNK SS SPDR BB High Yield Bond | 0.27% | 4,245 | $400K | New |
| MDY State Street SPDR S&P Midcap | 0.26% | 730 | $391K | Reduce -2.7% |
| IAUM iShares Gold Trust Micro | 0.25% | 16,216 | $376K | New |
| CAVA Cava Group Inc. | 0.25% | 4,025 | $373K | New |
| TSCO Tractor Supply Company | 0.22% | 1,227 | $331K | Add +0.4% |
| VWO Vanguard Ftse Emerging Marke | 0.21% | 7,001 | $306K | Add +17.1% |
| AOA iShares Core 80/20 Aggressiv | 0.21% | 4,149 | $306K | New |
| VEA Vanguard Ftse Developed ETF | 0.20% | 6,102 | $302K | Reduce -12.5% |
| ISRG Intuitive Surgical Inc. | 0.19% | 632 | $281K | Reduce -2.3% |
| CEV Eaton Vance Ca Muni Inc. TRST | 0.18% | 25,129 | $273K | Reduce -60.3% |
| TSLA Tesla Inc. | 0.18% | 1,367 | $271K | New |
| AAPD Direxion Daily Aapl Bear 1X | 0.18% | 14,413 | $263K | Reduce -16.1% |
| CCI Crown Castle Inc. | 0.17% | 2,643 | $258K | Reduce -0.6% |
| AMT American Tower Corp. | 0.17% | 1,325 | $258K | Reduce -3.1% |
| TRNO Terreno Realty Corp. | 0.17% | 4,243 | $251K | Reduce -7.7% |
| ARE Alexandria Real Estate Equit | 0.17% | 2,129 | $249K | Reduce -16.6% |
| REXR Rexford Industrial Realty Inc. | 0.16% | 5,394 | $241K | Add +0.8% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.16% | 2,399 | $236K | No change |
| SBAC SBA Communications Corp. | 0.16% | 1,193 | $234K | Add +14.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.16% | 4,537 | $233K | Add +0.3% |
| NNN NNN REIT Inc. | 0.16% | 5,404 | $230K | New |
| UDR Udr Inc. | 0.15% | 5,506 | $227K | New |
| CPT Camden Property Trust | 0.15% | 2,067 | $225K | New |
Portfolio Sells Q1 2024 → Q2 2024
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -89.9% | 3.23% | −21.78 |
| USFR Wisdomtree Floating Rate Tre | Reduce -60.0% | 15.07% | −14.27 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -51.3% | 13.17% | −7.95 |
| VTWG Vanguard Russell 2000 Growth | Sold out | 0.00% | −0.55 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.47 |
| NBH Neuberger Municipal Fund Inc. | Reduce -74.7% | 0.14% | −0.29 |
| VCV Invesco Ca Val Muni Inc. TR | Sold out | 0.00% | −0.28 |
| IBP Installed Building Products | Sold out | 0.00% | −0.28 |
| TBIL F/M US Treasury 3 Month Bill | Sold out | 0.00% | −0.26 |
| MUC BlackRock Munihold Ca QLTY | Sold out | 0.00% | −0.25 |
| XBIL F/M US Treasury 6 Month Bill | Sold out | 0.00% | −0.24 |
| NAC Nuveen Ca QLTY Muni Inc. | Sold out | 0.00% | −0.23 |
| XEVMX Eaton Vance Cal Muni Bond | Sold out | 0.00% | −0.21 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Sold out | 0.00% | −0.21 |
| XSW SS SPDR S&P Soft & Serv ETF | Sold out | 0.00% | −0.21 |
| CEV Eaton Vance Ca Muni Inc. TRST | Reduce -60.3% | 0.18% | −0.17 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -32.3% | 0.81% | −0.13 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.12 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.12 |
| DFH Dream Finders Homes Inc. Class A | Sold out | 0.00% | −0.12 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.11 |
| OIA Invesco Municipal Income Opp | Sold out | 0.00% | −0.11 |
| LIT Global X Lithium & Battery T | Sold out | 0.00% | −0.11 |
| MSFD Dirxn DLY MSFT Bear 1X E-Usi | Sold out | 0.00% | −0.10 |
| XBFZX BlackRock Ca Muni Inc. TR | Reduce -52.0% | 0.12% | −0.07 |
| NMT Nuveen Ma QLTY Muni Inc. | Sold out | 0.00% | −0.06 |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | Reduce -29.9% | 0.59% | −0.05 |
| AAPD Direxion Daily Aapl Bear 1X | Reduce -16.1% | 0.18% | −0.03 |
| ARE Alexandria Real Estate Equit | Reduce -16.6% | 0.17% | −0.01 |
| TRNO Terreno Realty Corp. | Reduce -7.7% | 0.17% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -12.5% | 0.20% | +0.02 |
| SUB iShares Short-Term National | Reduce -16.6% | 0.32% | +0.02 |
| CCI Crown Castle Inc. | Reduce -0.6% | 0.17% | +0.03 |
| AMT American Tower Corp. | Reduce -3.1% | 0.17% | +0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -2.7% | 0.26% | +0.04 |
| ISRG Intuitive Surgical Inc. | Reduce -2.3% | 0.19% | +0.05 |
| CDNS Cadence Design SYS Inc. | Reduce -1.2% | 0.41% | +0.08 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.5% | 0.45% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.6% | 0.48% | +0.10 |
| AAPL Apple Inc. | Reduce -26.0% | 0.91% | +0.13 |
| AIQ Global X Art Intel & Tech | Reduce -2.1% | 0.84% | +0.20 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.4% | 1.75% | +0.43 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.4% | 2.04% | +0.56 |
Portfolio Buys Q1 2024 → Q2 2024
| EYLD Cambria Emerg Shrhldr Yield | New | 2.68% | +2.68 |
| ECOW Pacer Emerging Markets Cash | New | 2.66% | +2.66 |
| IXC iShares Global Energy ETF | New | 2.03% | +2.03 |
| RSPG Invesco S&P 500 Equal Weight | New | 1.96% | +1.96 |
| RSPR Invesco S&P 500 Equal Weight | New | 1.94% | +1.94 |
| RSPF Invesco S&P 500 Equal Weight | New | 1.93% | +1.93 |
| USRT iShares Core US REIT ETF | New | 1.59% | +1.59 |
| FXI iShares China Large-Cap ETF | New | 1.55% | +1.55 |
| ITB iShares U.S. Home Constructi | New | 1.51% | +1.51 |
| SPTS SS SPDR P St Term TSY ETF | Add +56.7% | 2.93% | +1.47 |
| SHV iShares 0-1 Year Treasury Bo | Add +67.9% | 1.73% | +0.93 |
| SPTI SS SPDR P Int Term TSY ETF | Add +218.8% | 1.19% | +0.90 |
| HERD Pacer Cash Cows Fund of Fund | New | 0.89% | +0.89 |
| NVDA Nvidia Corp. | Add +22.3% | 1.51% | +0.81 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.76% | +0.76 |
| KWEB Kranesh Csi China Internet | New | 0.76% | +0.76 |
| FTGC First Trust Global Tactical | New | 0.75% | +0.75 |
| TIPX SS SPDR BB 1-10YR Tips ETF | Add +265.8% | 0.91% | +0.71 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +356.5% | 0.85% | +0.70 |
| HTGC Hercules Capital Inc. | Add +26.1% | 1.57% | +0.69 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.61% | +0.61 |
| FXF Invesco Currencyshares Swiss | New | 0.55% | +0.55 |
| EDV Vanguard Extended Dur Treas | New | 0.54% | +0.54 |
| AGG iShares Core U.S. Aggregate | New | 0.51% | +0.51 |
| MSFT Microsoft Corp. | Add +11.8% | 1.41% | +0.48 |
| NVG Nuveen Amt-FR Muni CRDT | New | 0.47% | +0.47 |
| CEFS Saba Opport Hedg Cef ETF-Usd | New | 0.46% | +0.46 |
| BIZD Vaneck BDC Income ETF | New | 0.46% | +0.46 |
| TLH iShares 10-20 Year Treasury | New | 0.46% | +0.46 |
| PFFV Global X Variable Rate Pref | New | 0.46% | +0.46 |
| PFO Flaherty & Crumrine P&I Opp | New | 0.46% | +0.46 |
| REM iShares Mortgage Real Estate | New | 0.46% | +0.46 |
| AVUV Avantis US Small Cap Value | New | 0.45% | +0.45 |
| IRVH Global X Interest RT Vol Inf | New | 0.45% | +0.45 |
| BKLN Invesco Senior Loan ETF | New | 0.45% | +0.45 |
| AMZN Amazon.com Inc. | New | 0.45% | +0.45 |
| FYLD Cambria Foreign Shareholder | New | 0.45% | +0.45 |
| GCOW Pacer Global Cash Cows Divid | New | 0.45% | +0.45 |
| CEF Sprott Physical Gold and Sil | New | 0.44% | +0.44 |
| PSP Invesco Global Listed Privat | New | 0.43% | +0.43 |
| KRANESHARES TRUST | New | 0.42% | +0.42 |
| META Meta Platforms Inc. Class A | Add +196.8% | 0.54% | +0.40 |
| IVV iShares Core S&P 500 ETF | Add +2.8% | 1.47% | +0.40 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.39% | +0.39 |
| LLY Eli Lilly & Co. | New | 0.39% | +0.39 |
| PCY Invesco Emerging Markets Sov | New | 0.38% | +0.38 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.37% | +0.37 |
| FXY Invesco Currencyshares Japan | New | 0.35% | +0.35 |
| SPEM State Street SP PTF Em ETF | New | 0.35% | +0.35 |
| NSSC Napco Security Technologies | New | 0.33% | +0.33 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 148 | $213.4M | PWS, QQQM, BOXX, ADPV, HFEQ |
| Q2 2025 | 132 | $209.1M | BIL, USFR, BILS, CTA, BOXX |
| Q1 2025 | 159 | $177.7M | CTA, CSHI, BDGS, GSY, IAUM |
| Q4 2024 | 170 | $231.3M | CSHI, GSY, QQQM, AAPL, IVV |
| Q3 2024 | 156 | $211.3M | CSHI, BILS, AAPL, SPTS, META |
| Q2 2024 | 115 | $148.2M | USFR, BIL, BILS, SPTS, EYLD |
| Q1 2024 | 71 | $189.9M | USFR, BILS, BIL, QQQ, SPTS |