Narus Financial Partners, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 14, 2025), Narus Financial Partners, LLC reported 157 stock positions worth $320.4 million. Its top holding was Walmart (WMT) at 43.4% of the portfolio, followed by SPDR Gold Shares (GLD, 2.8%) and SS Technology Select Sector (XLK, 2.4%). Compared with Q1 2025, it opened 19 new positions, sold out of 11, added to 70 and reduced 58. The biggest buy was Nvidia (NVDA, shares +6%) and the biggest sale Deckers Outdoor (DECK, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001698091
- Portfolio Value
- $320.4M (Q2 2025)
- SEC Filing
- 0001698091-25-000004 ↗ filed Jul 14, 2025
Holdings Value
Holdings 157 stocks · $320.4M
| WMT Walmart Inc. | 43.43% | 1,423,100 | $139.2M | Reduce -0.3% |
| GLD SPDR Gold Shares | 2.82% | 29,614 | $9.0M | Add +19.6% |
| XLK SS Technology Select Sector | 2.42% | 30,613 | $7.8M | Add +15.7% |
| NVDA Nvidia Corp. | 2.00% | 40,524 | $6.4M | Add +6.0% |
| VEA Vanguard Ftse Developed ETF | 1.96% | 110,033 | $6.3M | Add +1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.54% | 17,591 | $4.9M | Reduce -1.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.34% | 14,105 | $4.3M | Add +3.0% |
| AAPL Apple Inc. | 1.19% | 18,599 | $3.8M | Add +5.2% |
| VOX Vanguard Communication Servi | 1.12% | 21,035 | $3.6M | Reduce -7.2% |
| XLF SS Financial Select Sector | 1.11% | 67,770 | $3.5M | Add +0.1% |
| EFV iShares MSCI Eafe Value ETF | 1.11% | 55,772 | $3.5M | Add +4.4% |
| PSCT Invesco S&P Smallcap Informa | 0.98% | 67,988 | $3.1M | Reduce -29.9% |
| DBO Invesco DB Oil Fund | 0.97% | 234,442 | $3.1M | Reduce -6.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.96% | 12,951 | $3.1M | Reduce -24.2% |
| SCZ iShares MSCI Eafe Small-Cap | 0.96% | 42,143 | $3.1M | Reduce -9.1% |
| DECK Deckers Outdoor Corp. | 0.86% | 26,643 | $2.7M | Reduce -37.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.85% | 53,689 | $2.7M | Add +16.9% |
| DFAS Dimensional US Small Cap ETF | 0.83% | 41,720 | $2.7M | Reduce -16.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.83% | 14,975 | $2.6M | Add +5.8% |
| DFSD Dimensional Short Duration | 0.81% | 53,730 | $2.6M | Reduce -4.2% |
| META Meta Platforms Inc. Class A | 0.80% | 3,464 | $2.6M | Reduce -1.5% |
| SPTI SS SPDR P Int Term TSY ETF | 0.78% | 87,378 | $2.5M | Add +4.4% |
| IWR iShares Russell Mid-Cap ETF | 0.77% | 26,887 | $2.5M | Reduce -15.2% |
| MUB iShares National Muni Bond E | 0.76% | 23,317 | $2.4M | Add +13.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.74% | 29,830 | $2.4M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 0.74% | 13,445 | $2.4M | Add +1.2% |
| JPIE JPMorgan Income ETF | 0.71% | 49,008 | $2.3M | Reduce -8.7% |
| BND Vanguard Total Bond Market | 0.70% | 30,626 | $2.3M | Reduce -24.7% |
| EPI Wisdomtree India Earnings | 0.70% | 47,487 | $2.3M | Add +9.7% |
| SUB iShares Short-Term National | 0.67% | 20,132 | $2.1M | Add +0.5% |
| IJR iShares Core S&P Small-Cap E | 0.65% | 19,103 | $2.1M | Reduce -18.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.64% | 28,132 | $2.0M | Add +4.2% |
| VOO Vanguard S&P 500 ETF | 0.63% | 3,544 | $2.0M | Reduce -15.5% |
| IVV iShares Core S&P 500 ETF | 0.61% | 3,125 | $1.9M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 0.60% | 8,772 | $1.9M | Add +2.8% |
| AGG iShares Core U.S. Aggregate | 0.60% | 19,278 | $1.9M | Add +0.9% |
| MSFT Microsoft Corp. | 0.58% | 3,724 | $1.9M | Add +4.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.55% | 2,871 | $1.8M | Add +1.2% |
| XLY SS Consumer Disc Select Sect | 0.53% | 7,821 | $1.7M | Reduce -19.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 3,407 | $1.7M | Add +10.2% |
| XLV SS Health Care Select Sector | 0.49% | 11,750 | $1.6M | Add +72.3% |
| ORCL Oracle Corp. | 0.49% | 7,170 | $1.6M | Add +1.4% |
| EFA iShares MSCI Eafe ETF | 0.45% | 16,194 | $1.4M | Reduce -29.6% |
| JPM JPMorgan Chase & Co. | 0.37% | 4,063 | $1.2M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 0.36% | 23,481 | $1.2M | Add +1.8% |
| IUSV iShares Core S&P U.S. Value | 0.36% | 12,215 | $1.2M | Add +0.1% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.36% | 42,907 | $1.1M | Add +43.3% |
| IAU iShares Gold Trust | 0.35% | 18,025 | $1.1M | Add +12.5% |
| IXN iShares Global Tech ETF | 0.35% | 12,028 | $1.1M | No change |
| GBIL Goldman Sachs Access Treasur | 0.34% | 10,866 | $1.1M | Add +24.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.34% | 26,672 | $1.1M | Add +3.9% |
| DFIS Dimensional International SM | 0.33% | 35,630 | $1.1M | Reduce -13.2% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 0.30% | 40,038 | $955K | Reduce -5.1% |
| XLP SS Consumer Staples Sel Sect | 0.28% | 11,257 | $911K | Add +191.9% |
| XLE SS Energy Select Sector | 0.28% | 10,675 | $905K | Reduce -16.5% |
| QCOM Qualcomm Inc. | 0.28% | 5,649 | $900K | Add +9.6% |
| JPST JPMorgan Ultra-Short Income | 0.28% | 17,482 | $886K | Reduce -22.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.27% | 10,907 | $880K | Reduce -19.2% |
| HYD Vaneck High Yield Muni ETF | 0.27% | 17,495 | $878K | Add +3.6% |
| TLT iShares 20+ Year Treasury BD | 0.27% | 9,849 | $869K | Add +2.6% |
| AVGO Broadcom Inc. | 0.27% | 3,089 | $851K | Reduce -0.2% |
| IWM iShares Russell 2000 ETF | 0.26% | 3,868 | $835K | Reduce -8.8% |
| IYY iShares Dow Jones U.S. ETF | 0.24% | 5,100 | $769K | No change |
| IEF iShares 7-10 Year Treasury B | 0.24% | 8,027 | $769K | Reduce -7.2% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.24% | 30,082 | $766K | Add +94.2% |
| VGT Vanguard Info Tech ETF | 0.23% | 1,128 | $748K | Reduce -10.0% |
| SPAB SS SPDR P Agg Bond ETF | 0.23% | 28,694 | $735K | Add +15.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.23% | 8,938 | $730K | Add +11.5% |
| BSV Vanguard Short-Term Bond ETF | 0.22% | 9,143 | $720K | Add +0.9% |
| DFUV Dimensional US Marketwide Va | 0.22% | 16,970 | $717K | Add +2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 2,430 | $716K | Add +1.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.22% | 1,576 | $691K | Add +40.8% |
| JPIB JPMorgan Intl BND ETF | 0.21% | 13,793 | $671K | Add +14.2% |
| MBB iShares MBS ETF | 0.20% | 6,717 | $631K | Add +3.0% |
| HQY Healthequity Inc. | 0.20% | 5,996 | $628K | Add +3.5% |
| V Visa Inc. Class A | 0.19% | 1,709 | $607K | Reduce -4.4% |
| KLAC KLA Corp. | 0.18% | 658 | $589K | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.18% | 11,526 | $565K | Add +4.1% |
| SFM Sprouts Farmers Market Inc. | 0.18% | 3,426 | $564K | Reduce -7.5% |
| NOC Northrop Grumman Corp. | 0.17% | 1,099 | $549K | No change |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.16% | 9,700 | $528K | Add +41.6% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.16% | 3,137 | $516K | Reduce -21.9% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.16% | 9,474 | $515K | Add +2.2% |
| VCIT Vanguard Int-Term Corporate | 0.15% | 5,801 | $481K | Add +20.8% |
| GBTC Grayscale Bitcoin Trust ETF | 0.15% | 5,546 | $470K | Add +9.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.15% | 845 | $466K | Reduce -0.8% |
| TSLA Tesla Inc. | 0.14% | 1,462 | $464K | Add +58.2% |
| ADBE Adobe Inc. | 0.14% | 1,190 | $460K | Add +81.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.14% | 2,317 | $452K | Add +9.0% |
| AGZ iShares Agency Bond ETF | 0.14% | 4,117 | $452K | Reduce -16.5% |
| COST Costco Wholesale Corp. | 0.14% | 451 | $446K | Reduce -0.2% |
| ISCF iShares International Small | 0.14% | 11,194 | $434K | Reduce -4.1% |
| WFC Wells Fargo & Co. | 0.13% | 5,320 | $426K | Add +6.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.13% | 950 | $419K | Reduce -5.0% |
| BKNG Booking Holdings Inc. | 0.13% | 72 | $417K | Reduce -6.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.13% | 7,859 | $411K | Add +0.7% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.12% | 9,370 | $399K | Reduce -8.1% |
| USHY iShares Broad Usd High Yield | 0.12% | 10,630 | $399K | Reduce -1.1% |
| DFAI Dimensional International Co. | 0.12% | 11,504 | $398K | Add +2.7% |
| EME Emcor Group Inc. | 0.12% | 731 | $391K | Add +11.9% |
Portfolio Sells Q1 2025 → Q2 2025
| DECK Deckers Outdoor Corp. | Reduce -37.0% | 0.86% | −0.75 |
| PSCT Invesco S&P Smallcap Informa | Reduce -29.9% | 0.98% | −0.34 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -24.2% | 0.96% | −0.33 |
| BND Vanguard Total Bond Market | Reduce -24.7% | 0.70% | −0.31 |
| DBO Invesco DB Oil Fund | Reduce -6.0% | 0.97% | −0.25 |
| EFA iShares MSCI Eafe ETF | Reduce -29.6% | 0.45% | −0.19 |
| IJR iShares Core S&P Small-Cap E | Reduce -18.8% | 0.65% | −0.18 |
| DFAS Dimensional US Small Cap ETF | Reduce -16.2% | 0.83% | −0.18 |
| PSCD Invesco S&P Smallcap Consume | Sold out | 0.00% | −0.17 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.17 |
| IWR iShares Russell Mid-Cap ETF | Reduce -15.2% | 0.77% | −0.15 |
| JPIE JPMorgan Income ETF | Reduce -8.7% | 0.71% | −0.13 |
| ETF OPPORTUNITIES TRUST | Sold out | 0.00% | −0.13 |
| XLE SS Energy Select Sector | Reduce -16.5% | 0.28% | −0.12 |
| XLY SS Consumer Disc Select Sect | Reduce -19.6% | 0.53% | −0.12 |
| JPST JPMorgan Ultra-Short Income | Reduce -22.5% | 0.28% | −0.11 |
| VOO Vanguard S&P 500 ETF | Reduce -15.5% | 0.63% | −0.10 |
| DFSD Dimensional Short Duration | Reduce -4.2% | 0.81% | −0.10 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -19.2% | 0.27% | −0.09 |
| MUSA Murphy USA Inc. | Sold out | 0.00% | −0.09 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.09 |
| IBIT iShares Bitcoin Trust ETF | Reduce -61.4% | 0.07% | −0.09 |
| NVDU Direxion Daily Nvda Bull 2X | Sold out | 0.00% | −0.08 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.08 |
| TIDAL TRUST II | Sold out | 0.00% | −0.08 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.07 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.07 |
| XSHQ Invesco S&P Smallcap Quality | Sold out | 0.00% | −0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -1.3% | 0.74% | −0.07 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -21.9% | 0.16% | −0.06 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -26.4% | 0.10% | −0.05 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -9.1% | 0.96% | −0.05 |
| MMIT Nylim Mackay Muni Intermedia | Reduce -5.1% | 0.30% | −0.05 |
| AGZ iShares Agency Bond ETF | Reduce -16.5% | 0.14% | −0.04 |
| IEF iShares 7-10 Year Treasury B | Reduce -7.2% | 0.24% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.7% | 1.54% | −0.04 |
| DFIS Dimensional International SM | Reduce -13.2% | 0.33% | −0.03 |
| DFSV Dimensional US Small Cap Val | Reduce -22.3% | 0.08% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -8.8% | 0.26% | −0.03 |
| V Visa Inc. Class A | Reduce -4.4% | 0.19% | −0.02 |
| CI The Cigna Group | Reduce -8.5% | 0.12% | −0.02 |
| TGT Target Corp. | Reduce -10.2% | 0.07% | −0.02 |
| VOX Vanguard Communication Servi | Reduce -7.2% | 1.12% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -3.7% | 0.08% | −0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -8.1% | 0.12% | −0.02 |
| SFM Sprouts Farmers Market Inc. | Reduce -7.5% | 0.18% | −0.02 |
| SIGI Selective Insurance Group | Reduce -1.4% | 0.09% | −0.02 |
| GE General Electric | Reduce -26.2% | 0.09% | −0.01 |
| GD General Dynamics Corp. | Reduce -14.1% | 0.07% | −0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -5.0% | 0.13% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +6.0% | 2.00% | +0.59 |
| XLK SS Technology Select Sector | Add +15.7% | 2.42% | +0.56 |
| GLD SPDR Gold Shares | Add +19.6% | 2.82% | +0.39 |
| XLP SS Consumer Staples Sel Sect | Add +191.9% | 0.28% | +0.18 |
| XLV SS Health Care Select Sector | Add +72.3% | 0.49% | +0.16 |
| ORCL Oracle Corp. | Add +1.4% | 0.49% | +0.15 |
| MSFT Microsoft Corp. | Add +4.9% | 0.58% | +0.12 |
| NFLX Netflix Inc. | New | 0.12% | +0.12 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +94.2% | 0.24% | +0.11 |
| DOCU Docusign Inc. | New | 0.09% | +0.09 |
| CAT Caterpillar Inc. | New | 0.09% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | New | 0.08% | +0.08 |
| VHT Vanguard Health Care ETF | New | 0.08% | +0.08 |
| EVR Evercore Inc. Class A | New | 0.08% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.08% | +0.08 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +43.3% | 0.36% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.08% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +1.1% | 1.96% | +0.08 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.07% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +40.8% | 0.22% | +0.07 |
| EFG iShares MSCI Eafe Growth ETF | New | 0.07% | +0.07 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.07% | +0.07 |
| FLMI Franklin Dynamic Municipal B | New | 0.07% | +0.07 |
| GRID First TRST Nasd Class Edg Sgiif | New | 0.07% | +0.07 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.07% | +0.07 |
| IYZ iShares US Telecommunication | New | 0.07% | +0.07 |
| CSCO Cisco Systems Inc. | New | 0.06% | +0.06 |
| FLOT iShares Floating Rate Bond E | New | 0.06% | +0.06 |
| PANW Palo Alto Networks Inc. | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | Add +58.2% | 0.14% | +0.06 |
| EPI Wisdomtree India Earnings | Add +9.7% | 0.70% | +0.06 |
| JMST JPM Ultra-Short Muni Income | Add +16.9% | 0.85% | +0.06 |
| ADBE Adobe Inc. | Add +81.1% | 0.14% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.0% | 1.34% | +0.06 |
| AMZN Amazon.com Inc. | Add +2.8% | 0.60% | +0.05 |
| JEPQ JPM Nasdaq Equity Premium | Add +41.6% | 0.16% | +0.04 |
| GBIL Goldman Sachs Access Treasur | Add +24.6% | 0.34% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +1.2% | 0.74% | +0.04 |
| EME Emcor Group Inc. | Add +11.9% | 0.12% | +0.04 |
| GBTC Grayscale Bitcoin Trust ETF | Add +9.8% | 0.15% | +0.03 |
| EFV iShares MSCI Eafe Value ETF | Add +4.4% | 1.11% | +0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +4.2% | 0.64% | +0.03 |
| IAU iShares Gold Trust | Add +12.5% | 0.35% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 0.37% | +0.03 |
| MUB iShares National Muni Bond E | Add +13.6% | 0.76% | +0.02 |
| HQY Healthequity Inc. | Add +3.5% | 0.20% | +0.02 |
| IBM Intl Business Machines Corp. | Add +1.8% | 0.22% | +0.02 |
| AXP American Express Co. | Add +20.1% | 0.09% | +0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +3.9% | 0.34% | +0.02 |
| VCR Vanguard Consumer Discre ETF | Add +19.6% | 0.11% | +0.02 |
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 |