Narus Financial Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Narus Financial Partners, LLC reported 149 stock positions worth $294.0 million. Its top holding was Walmart (WMT) at 42.6% of the portfolio, followed by SPDR Gold Shares (GLD, 2.4%) and Vanguard Ftse Developed ETF (VEA, 1.9%). Compared with Q4 2024, it opened 15 new positions, sold out of 11, added to 58 and reduced 67. The biggest buy was a new position in Deckers Outdoor (DECK) and the biggest sale Walmart (WMT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001698091
- Portfolio Value
- $294.0M (Q1 2025)
- SEC Filing
- 0001698091-25-000003 ↗ filed Apr 30, 2025
Holdings Value
Holdings 149 stocks · $294.0M
| WMT Walmart Inc. | 42.61% | 1,427,050 | $125.3M | Reduce -0.0% |
| GLD SPDR Gold Shares | 2.43% | 24,751 | $7.1M | Add +10.7% |
| VEA Vanguard Ftse Developed ETF | 1.88% | 108,879 | $5.5M | Reduce -1.6% |
| XLK SS Technology Select Sector | 1.86% | 26,451 | $5.5M | Add +16.2% |
| DECK Deckers Outdoor Corp. | 1.61% | 42,270 | $4.7M | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.57% | 17,893 | $4.6M | Add +1.0% |
| NVDA Nvidia Corp. | 1.41% | 38,218 | $4.1M | Add +12.1% |
| AAPL Apple Inc. | 1.34% | 17,676 | $3.9M | Reduce -2.4% |
| PSCT Invesco S&P Smallcap Informa | 1.32% | 96,975 | $3.9M | Add +8.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.29% | 17,081 | $3.8M | Add +1.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.28% | 13,698 | $3.8M | Reduce -3.5% |
| DBO Invesco DB Oil Fund | 1.22% | 249,421 | $3.6M | Add +23.0% |
| XLF SS Financial Select Sector | 1.15% | 67,681 | $3.4M | Add +19.3% |
| VOX Vanguard Communication Servi | 1.14% | 22,657 | $3.4M | Add +26.5% |
| EFV iShares MSCI Eafe Value ETF | 1.07% | 53,420 | $3.1M | Add +3.5% |
| BND Vanguard Total Bond Market | 1.02% | 40,687 | $3.0M | Add +2.4% |
| DFAS Dimensional US Small Cap ETF | 1.01% | 49,774 | $3.0M | Add +7.2% |
| SCZ iShares MSCI Eafe Small-Cap | 1.00% | 46,376 | $2.9M | Reduce -0.1% |
| IWR iShares Russell Mid-Cap ETF | 0.92% | 31,702 | $2.7M | Add +24.4% |
| DFSD Dimensional Short Duration | 0.91% | 56,100 | $2.7M | Add +13.2% |
| JPIE JPMorgan Income ETF | 0.84% | 53,672 | $2.5M | Reduce -12.1% |
| IJR iShares Core S&P Small-Cap E | 0.84% | 23,510 | $2.5M | Reduce -6.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.83% | 14,159 | $2.4M | Add +2.1% |
| SPTI SS SPDR P Int Term TSY ETF | 0.81% | 83,692 | $2.4M | Reduce -0.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.81% | 30,218 | $2.4M | Reduce -24.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.79% | 45,942 | $2.3M | Reduce -29.5% |
| MUB iShares National Muni Bond E | 0.74% | 20,523 | $2.2M | Reduce -6.0% |
| VOO Vanguard S&P 500 ETF | 0.73% | 4,194 | $2.2M | Add +0.7% |
| SUB iShares Short-Term National | 0.72% | 20,033 | $2.1M | Reduce -14.8% |
| GOOGL Alphabet Inc. Class A | 0.70% | 13,288 | $2.1M | Add +4.2% |
| META Meta Platforms Inc. Class A | 0.69% | 3,517 | $2.0M | Reduce -1.8% |
| XLY SS Consumer Disc Select Sect | 0.65% | 9,733 | $1.9M | Add +0.4% |
| EPI Wisdomtree India Earnings | 0.64% | 43,295 | $1.9M | Reduce -9.2% |
| AGG iShares Core U.S. Aggregate | 0.64% | 19,100 | $1.9M | Reduce -0.8% |
| EFA iShares MSCI Eafe ETF | 0.64% | 22,989 | $1.9M | Add +9.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.60% | 27,011 | $1.8M | Add +2.4% |
| IVV iShares Core S&P 500 ETF | 0.60% | 3,130 | $1.8M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 3,091 | $1.6M | Add +18.7% |
| AMZN Amazon.com Inc. | 0.55% | 8,533 | $1.6M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.54% | 2,836 | $1.6M | Add +10.3% |
| MSFT Microsoft Corp. | 0.45% | 3,551 | $1.3M | Reduce -11.6% |
| XLE SS Energy Select Sector | 0.41% | 12,781 | $1.2M | Add +3.9% |
| JPST JPMorgan Ultra-Short Income | 0.39% | 22,570 | $1.1M | Reduce -17.5% |
| IUSV iShares Core S&P U.S. Value | 0.38% | 12,201 | $1.1M | Reduce -5.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.36% | 13,506 | $1.1M | Reduce -4.6% |
| DFIS Dimensional International SM | 0.36% | 41,028 | $1.1M | Reduce -5.0% |
| VWO Vanguard Ftse Emerging Marke | 0.36% | 23,077 | $1.0M | Reduce -0.8% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 0.34% | 42,170 | $1.0M | Reduce -0.3% |
| XLV SS Health Care Select Sector | 0.34% | 6,819 | $996K | Reduce -10.1% |
| JPM JPMorgan Chase & Co. | 0.34% | 4,057 | $995K | Add +2.1% |
| ORCL Oracle Corp. | 0.34% | 7,073 | $989K | Reduce -25.9% |
| IAU iShares Gold Trust | 0.32% | 16,022 | $945K | Reduce -4.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.32% | 25,670 | $935K | Add +1.0% |
| IXN iShares Global Tech ETF | 0.31% | 12,028 | $911K | Reduce -0.2% |
| GBIL Goldman Sachs Access Treasur | 0.30% | 8,720 | $874K | Reduce -14.3% |
| TLT iShares 20+ Year Treasury BD | 0.30% | 9,596 | $874K | Reduce -12.3% |
| HYD Vaneck High Yield Muni ETF | 0.29% | 16,880 | $864K | Reduce -1.9% |
| IWM iShares Russell 2000 ETF | 0.29% | 4,243 | $846K | Reduce -6.4% |
| IEF iShares 7-10 Year Treasury B | 0.28% | 8,652 | $825K | Add +0.2% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.28% | 29,940 | $816K | Add +8.1% |
| QCOM Qualcomm Inc. | 0.27% | 5,155 | $792K | Add +15.7% |
| BSV Vanguard Short-Term Bond ETF | 0.24% | 9,058 | $709K | Reduce -14.4% |
| IYY iShares Dow Jones U.S. ETF | 0.24% | 5,100 | $694K | Reduce -1.5% |
| DFUV Dimensional US Marketwide Va | 0.23% | 16,538 | $682K | Reduce -1.8% |
| VGT Vanguard Info Tech ETF | 0.23% | 1,253 | $680K | Add +40.9% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.22% | 4,015 | $644K | Reduce -44.4% |
| SPAB SS SPDR P Agg Bond ETF | 0.22% | 24,941 | $637K | Add +3.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.21% | 8,013 | $632K | Add +26.3% |
| V Visa Inc. Class A | 0.21% | 1,788 | $626K | Add +8.8% |
| MBB iShares MBS ETF | 0.21% | 6,522 | $612K | Add +3.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 2,388 | $594K | Add +6.7% |
| JPIB JPMorgan Intl BND ETF | 0.20% | 12,077 | $578K | Reduce -0.1% |
| SFM Sprouts Farmers Market Inc. | 0.19% | 3,704 | $565K | Reduce -2.3% |
| NOC Northrop Grumman Corp. | 0.19% | 1,099 | $563K | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.19% | 11,075 | $550K | Reduce -13.1% |
| AGZ iShares Agency Bond ETF | 0.18% | 4,931 | $540K | Reduce -6.6% |
| AVGO Broadcom Inc. | 0.18% | 3,095 | $518K | Reduce -15.8% |
| HQY Healthequity Inc. | 0.17% | 5,791 | $512K | Reduce -1.4% |
| PSCD Invesco S&P Smallcap Consume | 0.17% | 5,349 | $493K | Add +33.2% |
| KRE SS SPDR S&P Regional Bank | 0.17% | 8,570 | $487K | Add +26.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.16% | 9,269 | $474K | Add +21.7% |
| IBIT iShares Bitcoin Trust ETF | 0.16% | 10,021 | $469K | Add +2.7% |
| SPSB SS SPDR P St C Corp. ETF | 0.15% | 14,963 | $450K | Reduce -2.5% |
| KLAC KLA Corp. | 0.15% | 658 | $447K | No change |
| COST Costco Wholesale Corp. | 0.15% | 452 | $427K | Add +2.0% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.14% | 1,000 | $420K | Reduce -16.7% |
| ABBV Abbvie Inc. | 0.14% | 1,988 | $417K | Add +25.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.14% | 10,200 | $416K | Reduce -1.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.14% | 1,119 | $415K | Reduce -21.9% |
| CI The Cigna Group | 0.14% | 1,223 | $402K | Add +10.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 852 | $400K | Reduce -0.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.14% | 7,803 | $398K | Add +4.8% |
| UNH Unitedhealth Group Inc. | 0.14% | 760 | $398K | Reduce -1.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.13% | 2,125 | $396K | Reduce -1.9% |
| USHY iShares Broad Usd High Yield | 0.13% | 10,745 | $396K | Add +0.6% |
| ISCF iShares International Small | 0.13% | 11,670 | $393K | Reduce -10.7% |
| VCIT Vanguard Int-Term Corporate | 0.13% | 4,804 | $393K | Reduce -1.7% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.13% | 15,492 | $390K | Reduce -8.2% |
| ETF OPPORTUNITIES TRUST | 0.13% | 70,400 | $384K | New |
| WFC Wells Fargo & Co. | 0.12% | 4,986 | $358K | Add +4.5% |
Portfolio Sells Q4 2024 → Q1 2025
| WMT Walmart Inc. | Reduce -0.0% | 42.61% | −1.01 |
| JMST JPM Ultra-Short Muni Income | Reduce -29.5% | 0.79% | −0.32 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -24.1% | 0.81% | −0.24 |
| ORCL Oracle Corp. | Reduce -25.9% | 0.34% | −0.20 |
| AAPL Apple Inc. | Reduce -2.4% | 1.34% | −0.20 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -44.4% | 0.22% | −0.18 |
| IJR iShares Core S&P Small-Cap E | Reduce -6.4% | 0.84% | −0.14 |
| UUP Invesco DB US Dollar Index B | Sold out | 0.00% | −0.12 |
| MSFT Microsoft Corp. | Reduce -11.6% | 0.45% | −0.12 |
| SUB iShares Short-Term National | Reduce -14.8% | 0.72% | −0.12 |
| AVGO Broadcom Inc. | Reduce -15.8% | 0.18% | −0.11 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.5% | 1.28% | −0.11 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.11 |
| JPIE JPMorgan Income ETF | Reduce -12.1% | 0.84% | −0.10 |
| TSLA Tesla Inc. | Reduce -29.7% | 0.08% | −0.10 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 0.55% | −0.09 |
| EPI Wisdomtree India Earnings | Reduce -9.2% | 0.64% | −0.09 |
| KIE SS SPDR S&P Insurance ETF | Sold out | 0.00% | −0.08 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.08 |
| XLP SS Consumer Staples Sel Sect | Reduce -45.0% | 0.11% | −0.08 |
| JPST JPMorgan Ultra-Short Income | Reduce -17.5% | 0.39% | −0.08 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.08 |
| EME Emcor Group Inc. | Reduce -37.0% | 0.08% | −0.08 |
| DEM Wisdomtree Emerging Markets | Sold out | 0.00% | −0.08 |
| XLI SS Industrial Select Sector | Reduce -49.8% | 0.07% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.07 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.07 |
| DBC Invesco DB Commodity Index T | Sold out | 0.00% | −0.07 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.07 |
| MUSA Murphy USA Inc. | Reduce -37.0% | 0.09% | −0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -21.9% | 0.14% | −0.06 |
| IWM iShares Russell 2000 ETF | Reduce -6.4% | 0.29% | −0.05 |
| MUB iShares National Muni Bond E | Reduce -6.0% | 0.74% | −0.05 |
| GBIL Goldman Sachs Access Treasur | Reduce -14.3% | 0.30% | −0.05 |
| GD General Dynamics Corp. | Reduce -38.7% | 0.08% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -14.1% | 0.08% | −0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -27.7% | 0.10% | −0.04 |
| IXN iShares Global Tech ETF | Reduce -0.2% | 0.31% | −0.04 |
| BSV Vanguard Short-Term Bond ETF | Reduce -14.4% | 0.24% | −0.04 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -22.9% | 0.09% | −0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -16.7% | 0.14% | −0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -13.1% | 0.19% | −0.03 |
| TLT iShares 20+ Year Treasury BD | Reduce -12.3% | 0.30% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -1.8% | 0.69% | −0.02 |
| IUSV iShares Core S&P U.S. Value | Reduce -5.2% | 0.38% | −0.02 |
| HQY Healthequity Inc. | Reduce -1.4% | 0.17% | −0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -1.7% | 0.14% | −0.02 |
| IYY iShares Dow Jones U.S. ETF | Reduce -1.5% | 0.24% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -10.1% | 0.34% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| DECK Deckers Outdoor Corp. | New | 1.61% | +1.61 |
| GLD SPDR Gold Shares | Add +10.7% | 2.43% | +0.59 |
| DBO Invesco DB Oil Fund | Add +23.0% | 1.22% | +0.23 |
| XLF SS Financial Select Sector | Add +19.3% | 1.15% | +0.22 |
| VOX Vanguard Communication Servi | Add +26.5% | 1.14% | +0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +18.7% | 0.56% | +0.16 |
| IWR iShares Russell Mid-Cap ETF | Add +24.4% | 0.92% | +0.16 |
| EFV iShares MSCI Eafe Value ETF | Add +3.5% | 1.07% | +0.15 |
| ETF OPPORTUNITIES TRUST | New | 0.13% | +0.13 |
| DFSD Dimensional Short Duration | Add +13.2% | 0.91% | +0.12 |
| EFA iShares MSCI Eafe ETF | Add +9.4% | 0.64% | +0.10 |
| XOM Exxon Mobil Corp. | New | 0.10% | +0.10 |
| VCR Vanguard Consumer Discre ETF | New | 0.09% | +0.09 |
| NVDU Direxion Daily Nvda Bull 2X | New | 0.08% | +0.08 |
| AZO AutoZone Inc. | New | 0.08% | +0.08 |
| TIP iShares Tips Bond ETF | New | 0.08% | +0.08 |
| AMGN Amgen Inc. | New | 0.08% | +0.08 |
| TIDAL TRUST II | New | 0.08% | +0.08 |
| EWJ iShares MSCI Japan ETF | New | 0.07% | +0.07 |
| MRSH Marsh & McLennan Cos | New | 0.07% | +0.07 |
| XSHQ Invesco S&P Smallcap Quality | New | 0.07% | +0.07 |
| BOX Box Inc. Class A | New | 0.07% | +0.07 |
| VLO Valero Energy Corp. | New | 0.07% | +0.07 |
| AMAT Applied Materials Inc. | New | 0.07% | +0.07 |
| XLK SS Technology Select Sector | Add +16.2% | 1.86% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +26.3% | 0.21% | +0.05 |
| XLE SS Energy Select Sector | Add +3.9% | 0.41% | +0.05 |
| BND Vanguard Total Bond Market | Add +2.4% | 1.02% | +0.05 |
| ABBV Abbvie Inc. | Add +25.3% | 0.14% | +0.05 |
| VGT Vanguard Info Tech ETF | Add +40.9% | 0.23% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +2.1% | 0.83% | +0.04 |
| QCOM Qualcomm Inc. | Add +15.7% | 0.27% | +0.04 |
| V Visa Inc. Class A | Add +8.8% | 0.21% | +0.04 |
| BKNG Booking Holdings Inc. | Add +54.0% | 0.12% | +0.04 |
| IBM Intl Business Machines Corp. | Add +6.7% | 0.20% | +0.04 |
| CI The Cigna Group | Add +10.5% | 0.14% | +0.03 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +8.1% | 0.28% | +0.03 |
| GE General Electric | Add +19.3% | 0.10% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.3% | 0.54% | +0.03 |
| KRE SS SPDR S&P Regional Bank | Add +26.5% | 0.17% | +0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +1.0% | 0.32% | +0.02 |
| MCK McKesson Corp. | Add +11.7% | 0.10% | +0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +21.7% | 0.16% | +0.02 |
| PSCD Invesco S&P Smallcap Consume | Add +33.2% | 0.17% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +2.1% | 0.34% | +0.02 |
| SPAB SS SPDR P Agg Bond ETF | Add +3.7% | 0.22% | +0.01 |
| MBB iShares MBS ETF | Add +3.8% | 0.21% | +0.01 |
| SIGI Selective Insurance Group | Add +15.8% | 0.11% | +0.01 |
| GBTC Grayscale Bitcoin Trust ETF | Add +27.9% | 0.11% | +0.01 |
| PDBC Invesco Optimum Yield Divers | Add +6.2% | 0.10% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 177 | $389.3M | WMT, XLK, GLD, VEA, NVDA |
| Q1 2026 | 162 | $381.6M | WMT, GLD, XLK, VEA, NVDA |
| Q4 2025 | 160 | $363.0M | WMT, GLD, XLK, NVDA, VEA |
| Q3 2025Amended | 168 | $365.5M | WMT, GLD, XLK, NVDA, VEA |
| Q2 2025 | 157 | $320.4M | WMT, GLD, XLK, NVDA, VEA |
| Q1 2025 | 149 | $294.0M | WMT, GLD, VEA, XLK, DECK |
| Q4 2024 | 145 | $295.7M | WMT, GLD, XLK, VEA, VO |
| Q3 2024 | 149 | $278.9M | WMT, GLD, VEA, XLK, VO |
| Q2 2024 | 142 | $248.1M | WMT, XLK, VEA, GLD, AAPL |
| Q1 2024 | 142 | $234.3M | WMT, XLK, VEA, GLD, VTI |