Napa Wealth Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Napa Wealth Management reported 170 stock positions worth $231.3 million. Its top holding was Neos Enhanced Income 1-3 Mon (CSHI) at 11.8% of the portfolio, followed by Invesco Ultra Short Duration (GSY, 10.2%) and Invesco Nasdaq 100 ETF (QQQM, 3.3%). Compared with Q3 2024, it opened 63 new positions, sold out of 49, added to 48 and reduced 58. The biggest buy was a new position in Invesco Ultra Short Duration (GSY) and the biggest sale Neos Enhanced Income 1-3 Mon (CSHI, shares −41%).
- Most Recent 13F
- Q3 2025
- Location
- Napa, CA
- CIK
- 0001602844
- Portfolio Value
- $231.3M (Q4 2024)
- SEC Filing
- 0001172661-25-001047 ↗ filed Feb 14, 2025
Holdings Value
Holdings 170 stocks · $231.3M
| CSHI Neos Enhanced Income 1-3 Mon | 11.75% | 545,791 | $27.2M | Reduce -40.6% |
| GSY Invesco Ultra Short Duration | 10.23% | 472,440 | $23.7M | New |
| QQQM Invesco Nasdaq 100 ETF | 3.34% | 36,757 | $7.7M | Add +417.6% |
| AAPL Apple Inc. | 2.35% | 21,674 | $5.4M | Reduce -18.3% |
| IVV iShares Core S&P 500 ETF | 1.76% | 6,936 | $4.1M | Add +74.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.55% | 52,161 | $3.6M | Add +27.8% |
| SCHG Schwab US Large-Cap Growth | 1.44% | 119,122 | $3.3M | New |
| BDGS Bridges Capital Tact ETF | 1.37% | 100,172 | $3.2M | New |
| NVDA Nvidia Corp. | 1.36% | 23,490 | $3.2M | Add +7.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.30% | 24,979 | $3.0M | New |
| WMT Walmart Inc. | 1.29% | 33,036 | $3.0M | Add +15.6% |
| IWM iShares Russell 2000 ETF | 1.25% | 13,059 | $2.9M | New |
| TMUS T-Mobile US Inc. | 1.24% | 13,031 | $2.9M | Add +128.1% |
| TSLA Tesla Inc. | 1.23% | 7,055 | $2.8M | Reduce -52.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.23% | 4,843 | $2.8M | Add +280.4% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 1.22% | 28,374 | $2.8M | Reduce -55.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.19% | 6,491 | $2.8M | New |
| HTUS Hull Tactical US ETF | 1.11% | 67,722 | $2.6M | New |
| DASH DoorDash Inc. Class A | 1.09% | 15,067 | $2.5M | New |
| HTGC Hercules Capital Inc. | 1.08% | 124,195 | $2.5M | Add +3.2% |
| CSCO Cisco Systems Inc. | 0.99% | 38,846 | $2.3M | Add +885.7% |
| SPTS SS SPDR P St Term TSY ETF | 0.98% | 78,029 | $2.3M | Reduce -48.3% |
| GILD Gilead Sciences Inc. | 0.97% | 24,347 | $2.2M | New |
| MO Altria Group Inc. | 0.93% | 41,314 | $2.2M | New |
| HD Home Depot Inc. | 0.91% | 5,397 | $2.1M | Add +937.9% |
| META Meta Platforms Inc. Class A | 0.84% | 3,323 | $1.9M | Reduce -56.4% |
| MSFT Microsoft Corp. | 0.81% | 4,454 | $1.9M | Reduce -1.9% |
| HIGH Simplify Enhanced Income ETF | 0.79% | 79,113 | $1.8M | Reduce -11.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.78% | 3,530 | $1.8M | Reduce -44.1% |
| USFR Wisdomtree Floating Rate Tre | 0.73% | 33,737 | $1.7M | Reduce -23.2% |
| IJR iShares Core S&P Small-Cap E | 0.71% | 14,255 | $1.6M | Add +38.0% |
| ETHA iShares Ethereum Trust ETF | 0.68% | 62,312 | $1.6M | New |
| MAXI Simplify Bitcoin STRT ETF-Ui | 0.67% | 58,033 | $1.6M | Add +187.0% |
| IBIT iShares Bitcoin Trust ETF | 0.66% | 28,860 | $1.5M | New |
| VFLO Victoryshares Free Cash Flow | 0.66% | 44,823 | $1.5M | New |
| DDOG Datadog Inc. Class A | 0.64% | 10,280 | $1.5M | New |
| BNDI Neos Enhanced Inc. Agg BD ETF | 0.61% | 30,291 | $1.4M | Reduce -29.7% |
| IWMI Neos Russell 2000 High Inc. | 0.61% | 28,722 | $1.4M | Add +29.6% |
| TEAM Atlassian Corp. Class A | 0.60% | 5,747 | $1.4M | New |
| TLTW iShares 20+ Bond Buywrite | 0.58% | 57,302 | $1.3M | Add +44.3% |
| AIQ Global X Art Intel & Tech | 0.57% | 34,118 | $1.3M | Reduce -1.8% |
| BIZD Vaneck BDC Income ETF | 0.56% | 78,043 | $1.3M | Add +36.6% |
| BKLN Invesco Senior Loan ETF | 0.55% | 60,737 | $1.3M | Add +37.8% |
| LQDW iShares Ingr Corp. BD B/W ETF | 0.54% | 47,312 | $1.2M | Add +29.3% |
| FYLD Cambria Foreign Shareholder | 0.53% | 49,060 | $1.2M | New |
| XDTE Roundhi S&P 500 0DTE CCS ETF | 0.53% | 24,415 | $1.2M | Add +45.2% |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.52% | 56,396 | $1.2M | Add +29.7% |
| EYLD Cambria Emerg Shrhldr Yield | 0.52% | 38,298 | $1.2M | New |
| QDTE Roundhill Nasdaq-100 0DTE Co. | 0.51% | 29,725 | $1.2M | Add +51.0% |
| EXPE Expedia Group Inc. | 0.51% | 6,377 | $1.2M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.49% | 5,107 | $1.1M | New |
| COWG Pacer US LRG Cap Cows GR LD | 0.48% | 34,617 | $1.1M | New |
| COST Costco Wholesale Corp. | 0.48% | 1,208 | $1.1M | Reduce -69.4% |
| PYPL PayPal Holdings Inc. | 0.47% | 12,786 | $1.1M | New |
| SMH Vaneck Semiconductor ETF | 0.47% | 4,488 | $1.1M | Add +25.0% |
| FISV Fiserv Inc. | 0.46% | 5,129 | $1.1M | New |
| MMM 3M Co. | 0.45% | 8,148 | $1.1M | Reduce -3.4% |
| CTA Simplify Managed Futures St | 0.45% | 37,367 | $1.0M | Reduce -16.3% |
| FXI iShares China Large-Cap ETF | 0.44% | 33,802 | $1.0M | New |
| TWLO Twilio Inc. Class A | 0.44% | 9,471 | $1.0M | New |
| ANET Arista Networks Inc. | 0.44% | 9,248 | $1.0M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 0.44% | 4,250 | $1.0M | New |
| NDAQ Nasdaq Inc. | 0.43% | 12,992 | $1.0M | New |
| EQIX Equinix Inc. | 0.43% | 1,063 | $1.0M | New |
| MCO Moody's Corp. | 0.43% | 2,109 | $998K | New |
| UNH Unitedhealth Group Inc. | 0.43% | 1,951 | $987K | Reduce -52.3% |
| HOOD Robinhood Markets Inc. Class A | 0.43% | 26,467 | $986K | New |
| MA Mastercard Inc. Class A | 0.43% | 1,870 | $985K | New |
| DLR Digital Realty Trust Inc. | 0.43% | 5,548 | $984K | New |
| SHOP Shopify Inc. Class A | 0.42% | 9,237 | $982K | New |
| AGGH Simplify Aggregate Bond ETF | 0.42% | 46,760 | $965K | Reduce -28.2% |
| ORCL Oracle Corp. | 0.42% | 5,776 | $962K | New |
| AMZN Amazon.com Inc. | 0.40% | 4,266 | $936K | Reduce -55.4% |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | 0.40% | 73,155 | $925K | Reduce -26.3% |
| NVG Nuveen Amt-FR Muni CRDT | 0.39% | 73,671 | $903K | Reduce -14.2% |
| QTEC First Trust Nasdq 100 Tech I | 0.38% | 4,726 | $890K | Reduce -9.6% |
| GOOGL Alphabet Inc. Class A | 0.37% | 4,491 | $850K | Add +10.5% |
| FLXR TCW Flexible Income ETF | 0.36% | 21,236 | $821K | New |
| SHV iShares 0-1 Year Treasury Bo | 0.35% | 7,374 | $812K | Add +4.3% |
| DECK Deckers Outdoor Corp. | 0.34% | 3,858 | $784K | Reduce -1.5% |
| XLG Invesco S&P 500 Top 50 ETF | 0.33% | 15,398 | $769K | New |
| PFFV Global X Variable Rate Pref | 0.33% | 32,453 | $765K | Reduce -16.3% |
| FTGC First Trust Global Tactical | 0.33% | 31,860 | $762K | Reduce -14.2% |
| EQWL Invesco S&P 100 Equal Weight | 0.32% | 7,349 | $752K | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.32% | 13,177 | $743K | Add +40.4% |
| SKYY First Trust Cloud Computing | 0.32% | 6,224 | $741K | Add +22.3% |
| SPTI SS SPDR P Int Term TSY ETF | 0.32% | 26,331 | $734K | Reduce -60.6% |
| HYEM Vaneck Emrg MKTS Hi YLD | 0.31% | 37,119 | $723K | Reduce -11.6% |
| GCOW Pacer Global Cash Cows Divid | 0.31% | 21,321 | $719K | Add +95.5% |
| SVOL Simplify Volatility Premium | 0.31% | 34,493 | $717K | Add +36.4% |
| EQAL Invesco Russell 1000 Equal W | 0.31% | 14,708 | $710K | New |
| JEPI JPMorgan Equity Premium Inco | 0.31% | 12,347 | $710K | Add +213.0% |
| CEF Sprott Physical Gold and Sil | 0.30% | 29,633 | $704K | Reduce -19.8% |
| EMHY iShares J.P. Morgan Em High | 0.30% | 18,396 | $699K | Reduce -15.0% |
| IJH iShares Core S&P Midcap ETF | 0.30% | 11,110 | $692K | New |
| ICLO Invesco Aaa Clo F/R Note ETF | 0.29% | 26,242 | $673K | Add +61.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.29% | 2,297 | $666K | Add +1.4% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.29% | 25,312 | $663K | Reduce -62.2% |
| HYGW iShares HY Corp. BD Buywr ETF | 0.28% | 20,634 | $656K | Reduce -20.5% |
| OEF iShares S&P 100 ETF | 0.28% | 2,259 | $653K | New |
Portfolio Sells Q3 2024 → Q4 2024
| CSHI Neos Enhanced Income 1-3 Mon | Reduce -40.6% | 11.75% | −9.89 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -55.1% | 1.22% | −1.76 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −1.71 |
| META Meta Platforms Inc. Class A | Reduce -56.4% | 0.84% | −1.22 |
| COST Costco Wholesale Corp. | Reduce -69.4% | 0.48% | −1.18 |
| LLY Eli Lilly & Co. | Reduce -87.7% | 0.13% | −1.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −1.13 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -48.3% | 0.98% | −1.12 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −1.10 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −1.09 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −1.07 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −1.06 |
| UNH Unitedhealth Group Inc. | Reduce -52.3% | 0.43% | −0.71 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -44.1% | 0.78% | −0.68 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -62.2% | 0.29% | −0.63 |
| TSLA Tesla Inc. | Reduce -52.9% | 1.23% | −0.62 |
| RTX RTX Corp. | Sold out | 0.00% | −0.62 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -60.6% | 0.32% | −0.60 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.59 |
| AAPL Apple Inc. | Reduce -18.3% | 2.35% | −0.58 |
| IRVH Global X Interest RT Vol Inf | Reduce -76.9% | 0.14% | −0.56 |
| GE General Electric | Sold out | 0.00% | −0.56 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.56 |
| KWEB Kranesh Csi China Internet | Reduce -80.5% | 0.10% | −0.55 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.54 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.54 |
| ISRG Intuitive Surgical Inc. | Reduce -75.4% | 0.17% | −0.54 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.54 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.53 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.53 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.52 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.52 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.52 |
| TIPX SS SPDR BB 1-10YR Tips ETF | Reduce -62.6% | 0.25% | −0.50 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.48 |
| AMZN Amazon.com Inc. | Reduce -55.4% | 0.40% | −0.44 |
| KRANESHARES TRUST | Reduce -81.3% | 0.08% | −0.43 |
| TLH iShares 10-20 Year Treasury | Sold out | 0.00% | −0.42 |
| BNDI Neos Enhanced Inc. Agg BD ETF | Reduce -29.7% | 0.61% | −0.38 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -57.9% | 0.21% | −0.36 |
| MNA Nylim Merger Arbtrage ETF-Ui | Reduce -70.6% | 0.12% | −0.33 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -50.4% | 0.25% | −0.32 |
| USFR Wisdomtree Floating Rate Tre | Reduce -23.2% | 0.73% | −0.31 |
| EDV Vanguard Extended Dur Treas | Reduce -40.6% | 0.25% | −0.29 |
| USDU Wisdomtree BBG Usd Bullish | Reduce -60.8% | 0.16% | −0.27 |
| AGGH Simplify Aggregate Bond ETF | Reduce -28.2% | 0.42% | −0.25 |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | Reduce -26.3% | 0.40% | −0.24 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -55.0% | 0.16% | −0.24 |
| RISR Foliobe Altr In&in H ETF-Usd | Sold out | 0.00% | −0.20 |
| HIGH Simplify Enhanced Income ETF | Reduce -11.2% | 0.79% | −0.20 |
Portfolio Buys Q3 2024 → Q4 2024
| GSY Invesco Ultra Short Duration | New | 10.23% | +10.23 |
| QQQM Invesco Nasdaq 100 ETF | Add +417.6% | 3.34% | +2.67 |
| SCHG Schwab US Large-Cap Growth | New | 1.44% | +1.44 |
| BDGS Bridges Capital Tact ETF | New | 1.37% | +1.37 |
| TJX TJX Companies Inc. | New | 1.30% | +1.30 |
| IWM iShares Russell 2000 ETF | New | 1.25% | +1.25 |
| DIA SS SPDR Dow Jones Indus Avg | New | 1.19% | +1.19 |
| HTUS Hull Tactical US ETF | New | 1.11% | +1.11 |
| DASH DoorDash Inc. Class A | New | 1.09% | +1.09 |
| GILD Gilead Sciences Inc. | New | 0.97% | +0.97 |
| MO Altria Group Inc. | New | 0.93% | +0.93 |
| CSCO Cisco Systems Inc. | Add +885.7% | 0.99% | +0.89 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +280.4% | 1.23% | +0.88 |
| HD Home Depot Inc. | Add +937.9% | 0.91% | +0.81 |
| TMUS T-Mobile US Inc. | Add +128.1% | 1.24% | +0.69 |
| ETHA iShares Ethereum Trust ETF | New | 0.68% | +0.68 |
| IVV iShares Core S&P 500 ETF | Add +74.4% | 1.76% | +0.68 |
| IBIT iShares Bitcoin Trust ETF | New | 0.66% | +0.66 |
| VFLO Victoryshares Free Cash Flow | New | 0.66% | +0.66 |
| DDOG Datadog Inc. Class A | New | 0.64% | +0.64 |
| TEAM Atlassian Corp. Class A | New | 0.60% | +0.60 |
| FYLD Cambria Foreign Shareholder | New | 0.53% | +0.53 |
| EYLD Cambria Emerg Shrhldr Yield | New | 0.52% | +0.52 |
| EXPE Expedia Group Inc. | New | 0.51% | +0.51 |
| IBM Intl Business Machines Corp. | New | 0.49% | +0.49 |
| COWG Pacer US LRG Cap Cows GR LD | New | 0.48% | +0.48 |
| PYPL PayPal Holdings Inc. | New | 0.47% | +0.47 |
| MAXI Simplify Bitcoin STRT ETF-Ui | Add +187.0% | 0.67% | +0.46 |
| FISV Fiserv Inc. | New | 0.46% | +0.46 |
| FXI iShares China Large-Cap ETF | New | 0.44% | +0.44 |
| TWLO Twilio Inc. Class A | New | 0.44% | +0.44 |
| JPM JPMorgan Chase & Co. | New | 0.44% | +0.44 |
| NDAQ Nasdaq Inc. | New | 0.43% | +0.43 |
| EQIX Equinix Inc. | New | 0.43% | +0.43 |
| MCO Moody's Corp. | New | 0.43% | +0.43 |
| HOOD Robinhood Markets Inc. Class A | New | 0.43% | +0.43 |
| MA Mastercard Inc. Class A | New | 0.43% | +0.43 |
| DLR Digital Realty Trust Inc. | New | 0.43% | +0.43 |
| SHOP Shopify Inc. Class A | New | 0.42% | +0.42 |
| ORCL Oracle Corp. | New | 0.42% | +0.42 |
| FLXR TCW Flexible Income ETF | New | 0.36% | +0.36 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.33% | +0.33 |
| EQWL Invesco S&P 100 Equal Weight | New | 0.32% | +0.32 |
| EQAL Invesco Russell 1000 Equal W | New | 0.31% | +0.31 |
| IJH iShares Core S&P Midcap ETF | New | 0.30% | +0.30 |
| OEF iShares S&P 100 ETF | New | 0.28% | +0.28 |
| YMAG Yieldmax MGNF 7 Fu Op in ETF | New | 0.27% | +0.27 |
| PFIX Simplify Interest Rate Hedge | New | 0.27% | +0.27 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +27.8% | 1.55% | +0.25 |
| RSP Invesco S&P 500 Equal Weight | New | 0.25% | +0.25 |
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 |