Napa Wealth Management

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Napa Wealth Management reported 156 stock positions worth $211.3 million. Its top holding was Neos Enhanced Income 1-3 Mon (CSHI) at 21.6% of the portfolio, followed by SS Spdrb B 3-12M T-Bill ETF (BILS, 3.0%) and Apple (AAPL, 2.9%). Compared with Q2 2024, it opened 67 new positions, sold out of 26, added to 57 and reduced 30. The biggest buy was a new position in Neos Enhanced Income 1-3 Mon (CSHI) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −90%).

Most Recent 13F
Q3 2025
Location
Napa, CA
CIK
0001602844
Portfolio Value
$211.3M (Q3 2024)
SEC Filing
0001172661-24-004513 ↗ filed Nov 7, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $189.9M Q1 2024 Q2 2024: $148.2M Q2 2024 Q3 2024: $211.3M $211.3M Q3 2024 Q4 2024: $231.3M Q4 2024 Q1 2025: $177.7M Q1 2025 Q2 2025: $209.1M Q2 2025 Q3 2025: $213.4M Q3 2025

Holdings 156 stocks · $211.3M
CSHI Neos Enhanced Income 1-3 Mon 21.65% 918,515 $45.7M New
BILS SS Spdrb B 3-12M T-Bill ETF 2.98% 63,230 $6.3M Add +31.1%
AAPL Apple Inc. 2.92% 26,515 $6.2M Add +312.8%
SPTS SS SPDR P St Term TSY ETF 2.10% 150,953 $4.4M Add +0.5%
META Meta Platforms Inc. Class A 2.06% 7,620 $4.4M Add +381.7%
TSLA Tesla Inc. 1.85% 14,967 $3.9M Add +994.9%
AVGO Broadcom Inc. 1.71% 20,946 $3.6M New
COST Costco Wholesale Corp. 1.65% 3,944 $3.5M New
QQQ Invesco QQQ Trust Series 1 1.46% 6,316 $3.1M Reduce -0.0%
SPYM Ste STR SPDR PT S&P 500 ETF 1.30% 40,820 $2.8M Add +1.1%
LLY Eli Lilly & Co. 1.28% 3,048 $2.7M Add +379.3%
NVDA Nvidia Corp. 1.25% 21,834 $2.7M Add +20.6%
UNH Unitedhealth Group Inc. 1.13% 4,092 $2.4M New
BRK.B Berkshire Hathaway Inc. Class B 1.13% 5,171 $2.4M New
HTGC Hercules Capital Inc. 1.12% 120,294 $2.4M Add +5.6%
ABBV Abbvie Inc. 1.10% 11,771 $2.3M New
WMT Walmart Inc. 1.09% 28,569 $2.3M New
BSX Boston Scientific Corp. 1.09% 27,392 $2.3M New
IVV iShares Core S&P 500 ETF 1.09% 3,977 $2.3M Reduce -0.1%
LMT Lockheed Martin Corp. 1.07% 3,881 $2.3M New
KKR KKR & Co. Inc. 1.06% 17,204 $2.2M New
USFR Wisdomtree Floating Rate Tre 1.04% 43,909 $2.2M Reduce -90.1%
BNDI Neos Enhanced Inc. Agg BD ETF 0.99% 43,081 $2.1M New
HIGH Simplify Enhanced Income ETF 0.99% 89,133 $2.1M New
MSFT Microsoft Corp. 0.92% 4,542 $2.0M Reduce -2.7%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.92% 66,971 $1.9M Add +44.3%
SPTI SS SPDR P Int Term TSY ETF 0.92% 66,789 $1.9M Add +6.0%
AMZN Amazon.com Inc. 0.84% 9,567 $1.8M Add +177.6%
TIPX SS SPDR BB 1-10YR Tips ETF 0.75% 83,128 $1.6M Add +14.3%
ISRG Intuitive Surgical Inc. 0.71% 3,049 $1.5M Add +382.4%
IRVH Global X Interest RT Vol Inf 0.70% 68,680 $1.5M Add +109.2%
QQQM Invesco Nasdaq 100 ETF 0.68% 7,102 $1.4M Add +46.3%
AGGH Simplify Aggregate Bond ETF 0.67% 65,148 $1.4M New
KWEB Kranesh Csi China Internet 0.65% 40,347 $1.4M Reduce -3.1%
XNCMX Nuveen Ca Amt-FR Muni Inc. 0.64% 99,198 $1.3M Add +43.0%
RTX RTX Corp. 0.62% 10,789 $1.3M New
AIQ Global X Art Intel & Tech 0.61% 34,758 $1.3M Reduce -0.4%
SPOT Spotify Technology SA 0.59% 3,398 $1.3M New
BNDX Vanguard Total Intl Bond ETF 0.57% 24,088 $1.2M Add +3.6%
IJR iShares Core S&P Small-Cap E 0.57% 10,329 $1.2M Add +66.8%
IEI iShares 3-7 Year Treasury Bo 0.57% 10,043 $1.2M Add +28.8%
GE General Electric filed as GE AEROSPACE 0.56% 6,255 $1.2M New
BLK BlackRock Finance Inc. 0.56% 1,242 $1.2M New
TMUS T-Mobile US Inc. 0.56% 5,712 $1.2M New
CTA Simplify Managed Futures St 0.55% 44,646 $1.2M New
MMM 3M Co. 0.55% 8,438 $1.2M New
NVG Nuveen Amt-FR Muni CRDT 0.54% 85,862 $1.1M Add +55.0%
EDV Vanguard Extended Dur Treas 0.54% 14,345 $1.1M Add +31.8%
NEE Nextera Energy Inc. 0.54% 13,517 $1.1M New
TXN Texas Instruments Inc. 0.54% 5,522 $1.1M New
IWMI Neos Russell 2000 High Inc. 0.54% 22,162 $1.1M New
KMI Kinder Morgan Inc. 0.54% 51,265 $1.1M New
PGR Progressive Corp. 0.53% 4,444 $1.1M New
KDP Keurig Dr Pepper Inc. 0.53% 29,944 $1.1M New
AMGN Amgen Inc. 0.52% 3,426 $1.1M New
NEM Newmont Corp. 0.52% 20,646 $1.1M New
SPGI S&P Global Inc. 0.52% 2,131 $1.1M New
KRANESHARES TRUST 0.51% 87,032 $1.1M Add +79.6%
TLTW iShares 20+ Bond Buywrite 0.51% 39,724 $1.1M New
LQDW iShares Ingr Corp. BD B/W ETF 0.49% 36,601 $1.0M New
BIL SS SPDR BB 1-3M T-Bill ETF 0.48% 11,093 $1.0M Reduce -94.8%
QTEC First Trust Nasdq 100 Tech I 0.47% 5,227 $1000K Reduce -8.8%
CEFS Saba Opport Hedg Cef ETF-Usd 0.46% 43,489 $968K Add +34.4%
MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET 0.45% 28,922 $951K New
BIZD Vaneck BDC Income ETF 0.45% 57,123 $946K Add +43.6%
PFFV Global X Variable Rate Pref 0.44% 38,758 $932K Add +35.3%
BKLN Invesco Senior Loan ETF 0.44% 44,074 $926K Add +39.0%
PFO Flaherty & Crumrine P&I Opp 0.43% 97,047 $913K Add +21.6%
CEF Sprott Physical Gold and Sil 0.43% 36,935 $905K Add +24.0%
TLH iShares 10-20 Year Treasury 0.42% 8,200 $897K Add +24.0%
USDU Wisdomtree BBG Usd Bullish 0.42% 33,717 $895K New
REM iShares Mortgage Real Estate 0.42% 37,656 $894K Add +23.5%
ANET Arista Networks Inc. 0.42% 2,323 $892K Reduce -0.9%
XDTE Roundhi S&P 500 0DTE CCS ETF 0.42% 16,814 $887K New
SMH Vaneck Semiconductor ETF 0.42% 3,591 $881K Reduce -1.8%
FTGC First Trust Global Tactical 0.42% 37,150 $880K Reduce -19.9%
HYGW iShares HY Corp. BD Buywr ETF 0.40% 25,944 $851K New
EMHY iShares J.P. Morgan Em High 0.40% 21,648 $845K New
SHY iShares 1-3 Year Treasury Bo 0.40% 10,107 $840K Reduce -31.5%
QDTE Roundhill Nasdaq-100 0DTE Co. 0.40% 19,684 $840K New
HYEM Vaneck Emrg MKTS Hi YLD 0.40% 41,978 $835K New
SHV iShares 0-1 Year Treasury Bo 0.37% 7,072 $782K Reduce -69.5%
AOR iShares Core 60/40 Balanced 0.36% 12,930 $764K Add +3.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.35% 1,273 $730K Reduce -2.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.32% 6,017 $680K Add +18.9%
GOOGL Alphabet Inc. Class A 0.32% 4,065 $674K Add +14.2%
FXF Invesco Currencyshares Swiss 0.31% 6,214 $653K Reduce -24.8%
CAVA Cava Group Inc. 0.30% 5,197 $644K Add +29.1%
VTI VG Morningstar TS MKT ETF-US 0.30% 2,265 $641K Reduce -4.3%
DECK Deckers Outdoor Corp. 0.30% 3,918 $625K Reduce -0.6%
BWX SS SPDR BB Intl Treasury BD 0.27% 23,979 $560K New
SPIP SS SPDR P Tips ETF 0.26% 21,291 $560K Reduce -20.6%
SVOL Simplify Volatility Premium 0.26% 25,281 $555K New
CDNS Cadence Design SYS Inc. 0.25% 1,937 $525K Reduce -0.8%
SKYY First Trust Cloud Computing 0.25% 5,090 $520K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.24% 9,386 $516K New
HYGH iShares Int Rate Hedg HY ETF 0.24% 5,844 $504K New
PWRD TCW Transform Systems ETF 0.24% 6,757 $500K Add +3.0%
MAXI Simplify Bitcoin STRT ETF-Ui 0.21% 20,222 $447K New
YMAX Yieldmax Universe Fo in Etfs 0.21% 24,995 $446K New
VOO Vanguard S&P 500 ETF 0.21% 830 $438K Add +0.8%
JAAA Janus Henderson Aaa Clo ETF 0.21% 8,573 $436K New
CDX Simplify High Yield ETF 0.20% 18,224 $433K New
RISR Foliobe Altr In&in H ETF-Usd 0.20% 12,606 $428K New
QIS Simplify Multi-Qis Alt ETF 0.20% 17,194 $423K New
FXY Invesco Currencyshares Japan 0.20% 6,524 $419K Reduce -27.9%
WIP State Street SPDR Ftse Inter 0.20% 10,383 $418K New
SPYI Neos S&P 500 High Income ETF 0.20% 8,156 $418K New
ICLO Invesco Aaa Clo F/R Note ETF 0.20% 16,269 $417K New
CLOZ Eldridge BBB-B Clo ETF 0.20% 15,493 $416K New
ZROZ PIMCO 25+ YR Zero CPN US Tif 0.20% 5,031 $415K Reduce -13.2%
MDY State Street SPDR S&P Midcap 0.20% 727 $414K Reduce -0.4%
CRDT Simplify Opportunistic Inc. 0.19% 16,073 $407K New
GCOW Pacer Global Cash Cows Divid 0.19% 10,904 $398K Reduce -44.3%
QQQI Neos Nasdaq-100 High Inc. ETF 0.18% 7,587 $389K New
NSSC Napco Security Technologies 0.18% 9,249 $374K Reduce -0.8%
TSCO Tractor Supply Company 0.17% 1,232 $358K Add +0.4%
TBBK The Bancorp Inc. 0.17% 6,685 $358K New
AMT American Tower Corp. 0.17% 1,507 $350K Add +13.7%
SBAC SBA Communications Corp. 0.16% 1,444 $348K Add +21.0%
TAIL Cambria Tail Risk ETF 0.16% 28,043 $338K New
EPRT Essential Properties Realty 0.16% 9,745 $333K Add +22.2%
CCI Crown Castle Inc. 0.16% 2,765 $328K Add +4.6%
ADC Agree Realty Corp. 0.15% 4,253 $320K Add +20.8%
WMB Williams Cos Inc. 0.15% 7,000 $320K New
TRNO Terreno Realty Corp. 0.15% 4,776 $319K Add +12.6%
DOC Healthpeak Properties Inc. 0.15% 13,833 $316K Add +28.4%
O Realty Income Corp. 0.15% 4,940 $313K Add +21.7%
REXR Rexford Industrial Realty Inc. 0.15% 6,225 $313K Add +15.4%
IAUM iShares Gold Trust Micro 0.15% 11,866 $311K Reduce -26.8%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.15% 9,242 $308K Add +26.3%
PLD Prologis Inc. 0.15% 2,432 $307K Add +21.4%
NNN NNN REIT Inc. 0.14% 6,296 $305K Add +16.5%
UDR Udr Inc. 0.14% 6,731 $305K Add +22.3%
ARE Alexandria Real Estate Equit 0.14% 2,537 $301K Add +19.2%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.14% 3,995 $297K Add +24.8%
COLD Americold Realty Trust Inc. 0.14% 10,446 $295K Add +24.5%
WPC WP Carey Inc. 0.14% 4,716 $294K Add +19.8%
BTAL Agf US Market Neutral Anti-B 0.14% 14,913 $292K New
AOA iShares Core 80/20 Aggressiv 0.14% 3,728 $288K Reduce -10.2%
AVB Avalonbay Communities Inc. 0.14% 1,280 $288K Add +23.4%
SUB iShares Short-Term National 0.12% 2,473 $263K Reduce -45.3%
SPG Simon Property Group Inc. 0.12% 1,547 $261K New
VIOO Vanguard S&P Small-Cap 600 E 0.12% 2,399 $259K No change
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.12% 1,886 $255K New
SPMD SS SPDR P S&P 400 Midcap ETF 0.12% 4,588 $251K Add +1.1%
URI United Rentals Inc. 0.12% 308 $250K New
JEPI JPMorgan Equity Premium Inco 0.11% 3,945 $235K New
HD Home Depot Inc. 0.10% 520 $211K New
CSCO Cisco Systems Inc. 0.10% 3,941 $210K New
SPSM SS SPDR P S&P 600 Small Cap 0.10% 4,470 $203K New
CEV Eaton Vance Ca Muni Inc. TRST 0.10% 18,512 $201K Reduce -26.3%
KO The Coca-Cola Co. 0.09% 2,785 $200K New
NBH Neuberger Municipal Fund Inc. 0.09% 16,949 $188K Reduce -14.3%
XBFZX BlackRock Ca Muni Inc. TR 0.08% 13,658 $165K Reduce -9.9%
VCV Invesco Ca Val Muni Inc. TR 0.07% 12,884 $140K New

Portfolio Sells Q2 2024 → Q3 2024
USFR Wisdomtree Floating Rate Tre Reduce -90.1% 1.04% −14.02
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -94.8% 0.48% −12.69
EYLD Cambria Emerg Shrhldr Yield Sold out 0.00% −2.68
ECOW Pacer Emerging Markets Cash Sold out 0.00% −2.66
IXC iShares Global Energy ETF Sold out 0.00% −2.03
RSPG Invesco S&P 500 Equal Weight Sold out 0.00% −1.96
RSPR Invesco S&P 500 Equal Weight Sold out 0.00% −1.94
RSPF Invesco S&P 500 Equal Weight Sold out 0.00% −1.93
USRT iShares Core US REIT ETF Sold out 0.00% −1.59
FXI iShares China Large-Cap ETF Sold out 0.00% −1.55
ITB iShares U.S. Home Constructi Sold out 0.00% −1.51
SHV iShares 0-1 Year Treasury Bo Reduce -69.5% 0.37% −1.36
HERD Pacer Cash Cows Fund of Fund Sold out 0.00% −0.89
QQQ Invesco QQQ Trust Series 1 Reduce -0.0% 1.46% −0.58
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.51
NOW ServiceNow Inc. Sold out 0.00% −0.50
MSFT Microsoft Corp. Reduce -2.7% 0.92% −0.48
AVUV Avantis US Small Cap Value Sold out 0.00% −0.45
FYLD Cambria Foreign Shareholder Sold out 0.00% −0.45
PSP Invesco Global Listed Privat Sold out 0.00% −0.43
SHY iShares 1-3 Year Treasury Bo Reduce -31.5% 0.40% −0.42
SPDW Ste STR SPDR PT DW Eu ETF Sold out 0.00% −0.39
IVV iShares Core S&P 500 ETF Reduce -0.1% 1.09% −0.38
PCY Invesco Emerging Markets Sov Sold out 0.00% −0.38
SPEM State Street SP PTF Em ETF Sold out 0.00% −0.35
FTGC First Trust Global Tactical Reduce -19.9% 0.42% −0.33
QTEC First Trust Nasdq 100 Tech I Reduce -8.8% 0.47% −0.29
JNK SS SPDR BB High Yield Bond Sold out 0.00% −0.27
GCOW Pacer Global Cash Cows Divid Reduce -44.3% 0.19% −0.26
FXF Invesco Currencyshares Swiss Reduce -24.8% 0.31% −0.24
AIQ Global X Art Intel & Tech Reduce -0.4% 0.61% −0.23
SMH Vaneck Semiconductor ETF Reduce -1.8% 0.42% −0.23
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.21
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.20
SPIP SS SPDR P Tips ETF Reduce -20.6% 0.26% −0.20
SUB iShares Short-Term National Reduce -45.3% 0.12% −0.19
AAPD Direxion Daily Aapl Bear 1X Sold out 0.00% −0.18
CDNS Cadence Design SYS Inc. Reduce -0.8% 0.25% −0.16
FXY Invesco Currencyshares Japan Reduce -27.9% 0.20% −0.15
CPT Camden Property Trust Sold out 0.00% −0.15
NSSC Napco Security Technologies Reduce -0.8% 0.18% −0.15
ESS Essex Property Trust Inc. Sold out 0.00% −0.14
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.8% 0.35% −0.14
DECK Deckers Outdoor Corp. Reduce -0.6% 0.30% −0.13
ANET Arista Networks Inc. Reduce -0.9% 0.42% −0.13
VTI VG Morningstar TS MKT ETF-US Reduce -4.3% 0.30% −0.12
KWEB Kranesh Csi China Internet Reduce -3.1% 0.65% −0.11
IAUM iShares Gold Trust Micro Reduce -26.8% 0.15% −0.11
ZROZ PIMCO 25+ YR Zero CPN US Tif Reduce -13.2% 0.20% −0.10
CEV Eaton Vance Ca Muni Inc. TRST Reduce -26.3% 0.10% −0.09

Portfolio Buys Q2 2024 → Q3 2024
CSHI Neos Enhanced Income 1-3 Mon New 21.65% +21.65
AAPL Apple Inc. Add +312.8% 2.92% +2.01
AVGO Broadcom Inc. New 1.71% +1.71
TSLA Tesla Inc. Add +994.9% 1.85% +1.67
COST Costco Wholesale Corp. New 1.65% +1.65
META Meta Platforms Inc. Class A Add +381.7% 2.06% +1.53
UNH Unitedhealth Group Inc. New 1.13% +1.13
BRK.B Berkshire Hathaway Inc. Class B New 1.13% +1.13
ABBV Abbvie Inc. New 1.10% +1.10
WMT Walmart Inc. New 1.09% +1.09
BSX Boston Scientific Corp. New 1.09% +1.09
LMT Lockheed Martin Corp. New 1.07% +1.07
KKR KKR & Co. Inc. New 1.06% +1.06
BNDI Neos Enhanced Inc. Agg BD ETF New 0.99% +0.99
HIGH Simplify Enhanced Income ETF New 0.99% +0.99
LLY Eli Lilly & Co. Add +379.3% 1.28% +0.89
AGGH Simplify Aggregate Bond ETF New 0.67% +0.67
RTX RTX Corp. New 0.62% +0.62
SPOT Spotify Technology SA New 0.59% +0.59
GE General Electric New 0.56% +0.56
BLK BlackRock Finance Inc. New 0.56% +0.56
TMUS T-Mobile US Inc. New 0.56% +0.56
CTA Simplify Managed Futures St New 0.55% +0.55
MMM 3M Co. New 0.55% +0.55
NEE Nextera Energy Inc. New 0.54% +0.54
TXN Texas Instruments Inc. New 0.54% +0.54
IWMI Neos Russell 2000 High Inc. New 0.54% +0.54
KMI Kinder Morgan Inc. New 0.54% +0.54
PGR Progressive Corp. New 0.53% +0.53
KDP Keurig Dr Pepper Inc. New 0.53% +0.53
AMGN Amgen Inc. New 0.52% +0.52
NEM Newmont Corp. New 0.52% +0.52
SPGI S&P Global Inc. New 0.52% +0.52
ISRG Intuitive Surgical Inc. Add +382.4% 0.71% +0.52
TLTW iShares 20+ Bond Buywrite New 0.51% +0.51
LQDW iShares Ingr Corp. BD B/W ETF New 0.49% +0.49
MNA Nylim Merger Arbtrage ETF-Ui New 0.45% +0.45
USDU Wisdomtree BBG Usd Bullish New 0.42% +0.42
XDTE Roundhi S&P 500 0DTE CCS ETF New 0.42% +0.42
HYGW iShares HY Corp. BD Buywr ETF New 0.40% +0.40
EMHY iShares J.P. Morgan Em High New 0.40% +0.40
QDTE Roundhill Nasdaq-100 0DTE Co. New 0.40% +0.40
HYEM Vaneck Emrg MKTS Hi YLD New 0.40% +0.40
AMZN Amazon.com Inc. Add +177.6% 0.84% +0.39
BWX SS SPDR BB Intl Treasury BD New 0.27% +0.27
SVOL Simplify Volatility Premium New 0.26% +0.26
IRVH Global X Interest RT Vol Inf Add +109.2% 0.70% +0.25
JEPQ JPM Nasdaq Equity Premium New 0.24% +0.24
HYGH iShares Int Rate Hedg HY ETF New 0.24% +0.24
MAXI Simplify Bitcoin STRT ETF-Ui New 0.21% +0.21

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 148$213.4MPWS, QQQM, BOXX, ADPV, HFEQ
Q2 2025 132$209.1MBIL, USFR, BILS, CTA, BOXX
Q1 2025 159$177.7MCTA, CSHI, BDGS, GSY, IAUM
Q4 2024 170$231.3MCSHI, GSY, QQQM, AAPL, IVV
Q3 2024 156$211.3MCSHI, BILS, AAPL, SPTS, META
Q2 2024 115$148.2MUSFR, BIL, BILS, SPTS, EYLD
Q1 2024 71$189.9MUSFR, BILS, BIL, QQQ, SPTS