Narus Financial Partners, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 9, 2026), Narus Financial Partners, LLC reported 168 stock positions worth $365.5 million. Its top holding was Walmart (WMT) at 42.1% of the portfolio, followed by SPDR Gold Shares (GLD, 3.2%) and SS Technology Select Sector (XLK, 2.6%). Compared with Q2 2025, it opened 17 new positions, sold out of 6, added to 112 and reduced 28. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +386%) and the biggest sale Deckers Outdoor (DECK, shares −38%).

Most Recent 13F
Q2 2026
Location
SALT LAKE CITY, UT
CIK
0001698091
Portfolio Value
$365.5M (Q3 2025)
SEC Filing
0001698091-26-000001 ↗ filed Feb 9, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $234.3M Q1 2024 Q2 2024: $248.1M Q2 2024 Q3 2024: $278.9M Q3 2024 Q4 2024: $295.7M Q4 2024 Q1 2025: $294.0M Q1 2025 Q2 2025: $320.4M Q2 2025 Q3 2025: $365.5M $365.5M Q3 2025 Q4 2025: $363.0M Q4 2025 Q1 2026: $381.6M Q1 2026 Q2 2026: $389.3M Q2 2026

Holdings 168 stocks · $365.5M
WMT Walmart Inc. 42.12% 1,493,950 $154.0M Add +5.0%
GLD SPDR Gold Shares 3.15% 32,441 $11.5M Add +9.6%
XLK SS Technology Select Sector 2.55% 33,121 $9.3M Add +8.2%
NVDA Nvidia Corp. 2.13% 41,655 $7.8M Add +2.8%
VEA Vanguard Ftse Developed ETF 1.92% 116,875 $7.0M Add +6.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.57% 19,516 $5.7M Add +10.9%
AAPL Apple Inc. 1.38% 19,871 $5.1M Add +6.8%
VTI VG Morningstar TS MKT ETF-US 1.28% 14,255 $4.7M Add +1.1%
EFV iShares MSCI Eafe Value ETF 1.13% 61,015 $4.1M Add +9.4%
VOX Vanguard Communication Servi 1.07% 20,841 $3.9M Reduce -0.9%
XLF SS Financial Select Sector 0.99% 67,499 $3.6M Reduce -0.4%
VB Vanguard Most SM-Cap ETF-Usd 0.92% 13,175 $3.4M Add +1.7%
PSCT Invesco S&P Smallcap Informa 0.91% 62,429 $3.3M Reduce -8.2%
SCZ iShares MSCI Eafe Small-Cap 0.89% 42,525 $3.3M Add +0.9%
GOOGL Alphabet Inc. Class A 0.88% 13,226 $3.2M Reduce -1.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.84% 16,390 $3.1M Add +9.4%
DFAS Dimensional US Small Cap ETF 0.80% 42,551 $2.9M Add +2.0%
DBO Invesco DB Oil Fund 0.80% 216,472 $2.9M Reduce -7.7%
IWR iShares Russell Mid-Cap ETF 0.77% 29,218 $2.8M Add +8.7%
MUB iShares National Muni Bond E 0.77% 26,374 $2.8M Add +13.1%
VOO Vanguard S&P 500 ETF 0.74% 4,416 $2.7M Add +24.6%
META Meta Platforms Inc. Class A 0.74% 3,666 $2.7M Add +5.8%
SPTI SS SPDR P Int Term TSY ETF 0.71% 89,893 $2.6M Add +2.9%
JPIE JPMorgan Income ETF 0.70% 55,505 $2.6M Add +13.3%
QQQ Invesco QQQ Trust Series 1 0.68% 4,109 $2.5M Add +386.3%
SUB iShares Short-Term National 0.66% 22,725 $2.4M Add +12.9%
DFSD Dimensional Short Duration 0.66% 49,818 $2.4M Reduce -7.3%
IJR iShares Core S&P Small-Cap E 0.65% 19,915 $2.4M Add +4.3%
BND Vanguard Total Bond Market 0.65% 31,788 $2.4M Add +3.8%
SPYM Ste STR SPDR PT S&P 500 ETF 0.62% 29,045 $2.3M Add +3.3%
EPI Wisdomtree India Earnings 0.62% 51,431 $2.3M Add +8.3%
IVV iShares Core S&P 500 ETF 0.62% 3,376 $2.3M Add +8.0%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.60% 42,675 $2.2M Reduce -20.5%
VCSH Vanguard S/T Corp. Bond ETF 0.59% 26,974 $2.2M Reduce -9.6%
MSFT Microsoft Corp. 0.58% 4,077 $2.1M Add +9.5%
ORCL Oracle Corp. 0.58% 7,483 $2.1M Add +4.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.56% 3,095 $2.1M Add +7.8%
AMZN Amazon.com Inc. 0.55% 9,179 $2.0M Add +4.6%
AGG iShares Core U.S. Aggregate 0.54% 19,769 $2.0M Add +2.5%
EFA iShares MSCI Eafe ETF 0.49% 18,994 $1.8M Add +17.3%
XLY SS Consumer Disc Select Sect 0.48% 7,331 $1.8M Reduce -6.3%
XLV SS Health Care Select Sector 0.48% 12,500 $1.7M Add +6.4%
BRK.B Berkshire Hathaway Inc. Class B 0.47% 3,441 $1.7M Add +1.0%
DECK Deckers Outdoor Corp. 0.46% 16,630 $1.7M Reduce -37.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.43% 5,555 $1.6M Add +128.6%
TLT iShares 20+ Year Treasury BD 0.42% 17,256 $1.5M Add +75.2%
HYD Vaneck High Yield Muni ETF 0.41% 29,095 $1.5M Add +66.3%
IAU iShares Gold Trust 0.40% 19,967 $1.5M Add +10.8%
VWO Vanguard Ftse Emerging Marke 0.38% 25,677 $1.4M Add +9.3%
JPM JPMorgan Chase & Co. 0.35% 4,107 $1.3M Add +1.1%
DFIS Dimensional International SM 0.35% 40,487 $1.3M Add +13.6%
IXN iShares Global Tech ETF 0.34% 12,028 $1.2M No change
IUSV iShares Core S&P U.S. Value 0.33% 12,231 $1.2M Add +0.1%
SPDW Ste STR SPDR PT DW Eu ETF 0.32% 27,517 $1.2M Add +3.2%
GBIL Goldman Sachs Access Treasur 0.32% 11,698 $1.2M Add +7.7%
AVGO Broadcom Inc. 0.30% 3,351 $1.1M Add +8.5%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.30% 40,991 $1.1M Reduce -4.5%
XOM Exxon Mobil Corp. 0.30% 9,598 $1.1M Add +300.3%
JPST JPMorgan Ultra-Short Income 0.29% 20,695 $1.0M Add +18.4%
XLP SS Consumer Staples Sel Sect 0.27% 12,629 $990K Add +12.2%
QCOM Qualcomm Inc. 0.27% 5,872 $977K Add +4.0%
MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E 0.27% 40,038 $973K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.26% 11,628 $944K Add +6.6%
IWM iShares Russell 2000 ETF 0.26% 3,878 $938K Add +0.3%
XLE SS Energy Select Sector 0.26% 10,501 $938K Reduce -1.6%
VGT Vanguard Info Tech ETF 0.25% 1,215 $907K Add +7.7%
SJNK SS SPDR BB St Hi Yield ETF 0.23% 33,374 $854K Add +10.9%
IYY iShares Dow Jones U.S. ETF 0.23% 5,100 $829K No change
BSV Vanguard Short-Term Bond ETF 0.22% 10,225 $807K Add +11.8%
SPAB SS SPDR P Agg Bond ETF 0.21% 30,200 $781K Add +5.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.21% 1,619 $776K Add +2.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.21% 8,758 $764K Reduce -2.0%
DFUV Dimensional US Marketwide Va 0.21% 16,972 $758K Add +0.0%
BRK.A Berkshire Hathaway Inc. Class A 0.21% 1 $754K New
JPIB JPMorgan Intl BND ETF 0.20% 15,274 $749K Add +10.7%
KLAC KLA Corp. 0.19% 658 $710K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.19% 4,034 $704K Add +28.6%
TSLA Tesla Inc. 0.19% 1,574 $700K Add +7.7%
IEF iShares 7-10 Year Treasury B 0.19% 7,120 $687K Reduce -11.3%
MBB iShares MBS ETF 0.18% 7,100 $676K Add +5.7%
NOC Northrop Grumman Corp. 0.18% 1,099 $670K No change
V Visa Inc. Class A 0.18% 1,895 $647K Add +10.9%
EFG iShares MSCI Eafe Growth ETF 0.16% 5,224 $595K Add +145.8%
AGZ iShares Agency Bond ETF 0.16% 5,344 $590K Add +29.8%
SPMD SS SPDR P S&P 400 Midcap ETF 0.16% 10,085 $577K Add +6.5%
UNH Unitedhealth Group Inc. 0.16% 1,657 $572K Add +51.2%
HQY Healthequity Inc. 0.15% 5,941 $563K Reduce -0.9%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.15% 9,600 $552K Reduce -1.0%
BKNG Booking Holdings Inc. 0.15% 102 $551K Add +41.7%
VCIT Vanguard Int-Term Corporate 0.15% 6,347 $534K Add +9.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.14% 2,494 $521K Add +7.6%
GBTC Grayscale Bitcoin Trust ETF 0.14% 5,772 $518K Add +4.1%
ISCF iShares International Small 0.14% 12,387 $509K Add +10.7%
EME Emcor Group Inc. 0.14% 778 $505K Add +6.4%
WFC Wells Fargo & Co. 0.14% 5,987 $502K Add +12.5%
PLTR Palantir Technologies Inc. Class A 0.13% 2,700 $493K Add +35.5%
ABBV Abbvie Inc. 0.13% 2,095 $485K Add +3.7%
ADBE Adobe Inc. 0.13% 1,372 $484K Add +15.3%
TSM Taiwan Semiconductor-SP ADR 0.13% 1,693 $473K Add +53.9%
COST Costco Wholesale Corp. 0.13% 500 $463K Add +10.9%
DOW Dow Inc. 0.13% 20,015 $459K New
IUS Invesco Rafi Strategic US Et 0.12% 8,046 $444K New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.12% 950 $441K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.12% 8,651 $433K Reduce -24.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 2,970 $429K Reduce -2.5%
VIG Vanguard Dividend Apprec ETF 0.12% 1,981 $427K Add +14.3%
SPYV SS SPDR P S&P 500 Value ETF 0.11% 7,581 $419K Reduce -3.5%
USHY iShares Broad Usd High Yield 0.11% 11,100 $419K Add +4.4%
SPSM SS SPDR P S&P 600 Small Cap 0.11% 8,846 $410K Reduce -5.6%
VCR Vanguard Consumer Discre ETF 0.11% 1,024 $406K Add +9.9%
IBIT iShares Bitcoin Trust ETF 0.11% 6,210 $404K Add +60.5%
XMHQ Invesco S&P Midcap Qual ETF 0.11% 3,822 $401K Add +44.1%
PDBC Invesco Optimum Yield Divers 0.11% 29,516 $396K Add +17.4%
NFLX Netflix Inc. 0.11% 328 $393K Add +17.6%
CAT Caterpillar Inc. 0.11% 821 $392K Add +8.6%
CI The Cigna Group 0.10% 1,321 $381K Add +18.1%
DFIV Dimensional International Va 0.10% 8,204 $378K Add +9.1%
DFAI Dimensional International Co. 0.10% 10,231 $372K Reduce -11.1%
GRID First TRST Nasd Class Edg Sgiif 0.10% 2,442 $369K Add +55.8%
VHT Vanguard Health Care ETF 0.10% 1,420 $369K Add +30.6%
CIBR First Trust Nasdaq Cybersecu 0.10% 4,825 $367K Add +51.9%
EWJ iShares MSCI Japan ETF 0.10% 4,357 $349K Add +24.8%
AMP Ameriprise Financial Inc. 0.10% 708 $348K Add +6.6%
GE General Electric filed as GE AEROSPACE 0.09% 1,144 $344K Add +3.4%
MCK McKesson Corp. 0.09% 439 $339K Add +2.6%
EMXC iShares MSCI Emr MRK Ex Chna 0.09% 4,943 $334K Reduce -2.2%
EVR Evercore Inc. Class A 0.09% 979 $330K No change
VLO Valero Energy Corp. 0.09% 1,936 $330K Add +7.1%
NTAP Netapp Inc. 0.09% 2,668 $316K Add +7.5%
AMAT Applied Materials Inc. 0.09% 1,541 $316K Add +7.5%
AIRR First Trust Rba American Ind 0.08% 3,191 $309K New
SDY SS SPDR S&P Dividend ETF 0.08% 2,200 $308K No change
AZO AutoZone Inc. 0.08% 71 $305K Add +4.4%
LLY Eli Lilly & Co. 0.08% 399 $304K New
AXP American Express Co. 0.08% 914 $304K Reduce -0.5%
DFSV Dimensional US Small Cap Val 0.08% 9,504 $303K Add +8.6%
BMY Bristol-Myers Squibb Co. 0.08% 6,615 $298K New
T AT&T Inc. 0.08% 10,494 $296K New
SLYV SS SPDR S&P 600 SC Val ETF 0.08% 3,250 $288K No change
OLED Universal Display Corp. 0.08% 2,000 $287K New
CSCO Cisco Systems Inc. 0.08% 4,146 $284K Add +38.6%
XLC SS Comm Select Sector SPDR 0.08% 2,392 $283K Add +4.6%
NVS Novartis AG-Sponsored ADR 0.08% 2,189 $281K Add +21.1%
GOOG Alphabet Inc. Class C 0.08% 1,149 $280K New
CRWD CrowdStrike Holdings Inc. Class A 0.08% 560 $275K Add +12.0%
SPEM State Street SP PTF Em ETF 0.07% 5,758 $270K Add +2.3%
SPSB SS SPDR P St C Corp. ETF 0.07% 8,739 $265K Reduce -20.7%
TIP iShares Tips Bond ETF 0.07% 2,365 $263K Add +19.6%
FBTC Fidelity Wise Origin Bitcoin 0.07% 2,580 $258K Add +3.2%
IYZ iShares US Telecommunication 0.07% 7,977 $257K Add +11.2%
TRV The Travelers Cos Inc. 0.07% 910 $254K No change
SIGI Selective Insurance Group 0.07% 3,106 $252K Reduce -9.1%
GD General Dynamics Corp. 0.07% 737 $251K Add +1.8%
FTCS First Trust Capital Strength 0.07% 2,625 $246K Add +1.4%
SFM Sprouts Farmers Market Inc. 0.07% 2,217 $241K Reduce -35.3%
DOCU Docusign Inc. 0.06% 3,261 $235K Reduce -15.0%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.06% 750 $231K No change
XSHQ Invesco S&P Smallcap Quality 0.06% 5,319 $229K New
PYPL PayPal Holdings Inc. 0.06% 3,378 $227K Add +5.0%
MELI MercadoLibre Inc. 0.06% 94 $220K New
FLOT iShares Floating Rate Bond E 0.06% 4,273 $218K Add +5.1%
SHEL Shell PLC-ADR 0.06% 3,028 $217K New
GWX State Street SPDR S&P Intern 0.06% 5,342 $215K New
CVX Chevron Corp. 0.06% 1,346 $209K New
LOW Lowe's Cos Inc. 0.06% 825 $207K New
PANW Palo Alto Networks Inc. 0.06% 1,002 $204K Reduce -0.3%
VTEI Vanguard Int Tax-Exempt Bond 0.05% 2,000 $201K New
VOD Vodafone Group PLC-SP ADR 0.03% 10,000 $116K New

Portfolio Sells Q2 2025 → Q3 2025
DECK Deckers Outdoor Corp. Reduce -37.6% 0.46% −0.40
JMST JPM Ultra-Short Muni Income Reduce -20.5% 0.60% −0.26
DBO Invesco DB Oil Fund Reduce -7.7% 0.80% −0.17
VCSH Vanguard S/T Corp. Bond ETF Reduce -9.6% 0.59% −0.15
DFSD Dimensional Short Duration Reduce -7.3% 0.66% −0.15
XLF SS Financial Select Sector Reduce -0.4% 0.99% −0.11
SFM Sprouts Farmers Market Inc. Reduce -35.3% 0.07% −0.11
PSCT Invesco S&P Smallcap Informa Reduce -8.2% 0.91% −0.07
VGSH Vanguard Short-Term Treasury Sold out 0.00% −0.07
TGT Target Corp. Sold out 0.00% −0.07
ALSN Allison Transmission Holding Sold out 0.00% −0.07
BOX Box Inc. Class A Sold out 0.00% −0.07
FLMI Franklin Dynamic Municipal B Sold out 0.00% −0.07
VTEB Vanguard Tax-Exempt Bond ETF Reduce -24.9% 0.12% −0.06
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -4.5% 0.30% −0.05
VOX Vanguard Communication Servi Reduce -0.9% 1.07% −0.05
IEF iShares 7-10 Year Treasury B Reduce -11.3% 0.19% −0.05
XLY SS Consumer Disc Select Sect Reduce -6.3% 0.48% −0.05
HQY Healthequity Inc. Reduce -0.9% 0.15% −0.04
SPSB SS SPDR P St C Corp. ETF Reduce -20.7% 0.07% −0.03
DOCU Docusign Inc. Reduce -15.0% 0.06% −0.03
XLE SS Energy Select Sector Reduce -1.6% 0.26% −0.03
SIGI Selective Insurance Group Reduce -9.1% 0.07% −0.02
DFAI Dimensional International Co. Reduce -11.1% 0.10% −0.02
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -2.0% 0.21% −0.02
JEPQ JPM Nasdaq Equity Premium Reduce -1.0% 0.15% −0.01
SPYV SS SPDR P S&P 500 Value ETF Reduce -3.5% 0.11% −0.01
SPSM SS SPDR P S&P 600 Small Cap Reduce -5.6% 0.11% −0.01
AXP American Express Co. Reduce -0.5% 0.08% −0.01
PANW Palo Alto Networks Inc. Reduce -0.3% 0.06% −0.01
EMXC iShares MSCI Emr MRK Ex Chna Reduce -2.2% 0.09% −0.01
NVNIF Nvni Group Ltd. Sold out 0.00% −0.00
TJX TJX Companies Inc. Reduce -2.5% 0.12% +0.00
GOOGL Alphabet Inc. Class A Reduce -1.6% 0.88% +0.14

Portfolio Buys Q2 2025 → Q3 2025
QQQ Invesco QQQ Trust Series 1 Add +386.3% 0.68% +0.53
GLD SPDR Gold Shares Add +9.6% 3.15% +0.34
XOM Exxon Mobil Corp. Add +300.3% 0.30% +0.22
BRK.A Berkshire Hathaway Inc. Class A New 0.21% +0.21
IBM Intl Business Machines Corp. Add +128.6% 0.43% +0.21
AAPL Apple Inc. Add +6.8% 1.38% +0.19
TLT iShares 20+ Year Treasury BD Add +75.2% 0.42% +0.15
XLK SS Technology Select Sector Add +8.2% 2.55% +0.13
HYD Vaneck High Yield Muni ETF Add +66.3% 0.41% +0.13
NVDA Nvidia Corp. Add +2.8% 2.13% +0.13
DOW Dow Inc. New 0.13% +0.13
IUS Invesco Rafi Strategic US Et New 0.12% +0.12
VOO Vanguard S&P 500 ETF Add +24.6% 0.74% +0.11
EFG iShares MSCI Eafe Growth ETF Add +145.8% 0.16% +0.09
ORCL Oracle Corp. Add +4.4% 0.58% +0.09
AIRR First Trust Rba American Ind New 0.08% +0.08
LLY Eli Lilly & Co. New 0.08% +0.08
BMY Bristol-Myers Squibb Co. New 0.08% +0.08
T AT&T Inc. New 0.08% +0.08
OLED Universal Display Corp. New 0.08% +0.08
GOOG Alphabet Inc. Class C New 0.08% +0.08
XSHQ Invesco S&P Smallcap Quality New 0.06% +0.06
MELI MercadoLibre Inc. New 0.06% +0.06
SHEL Shell PLC-ADR New 0.06% +0.06
GWX State Street SPDR S&P Intern New 0.06% +0.06
CVX Chevron Corp. New 0.06% +0.06
LOW Lowe's Cos Inc. New 0.06% +0.06
VTEI Vanguard Int Tax-Exempt Bond New 0.05% +0.05
TSM Taiwan Semiconductor-SP ADR Add +53.9% 0.13% +0.05
PLTR Palantir Technologies Inc. Class A Add +35.5% 0.13% +0.05
UNH Unitedhealth Group Inc. Add +51.2% 0.16% +0.05
IAU iShares Gold Trust Add +10.8% 0.40% +0.05
TSLA Tesla Inc. Add +7.7% 0.19% +0.05
AVGO Broadcom Inc. Add +8.5% 0.30% +0.04
IBIT iShares Bitcoin Trust ETF Add +60.5% 0.11% +0.04
EFA iShares MSCI Eafe ETF Add +17.3% 0.49% +0.03
GRID First TRST Nasd Class Edg Sgiif Add +55.8% 0.10% +0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +10.9% 1.57% +0.03
VOE Vngrd Mrngstr MD-Cap Val ETF Add +28.6% 0.19% +0.03
VOD Vodafone Group PLC-SP ADR New 0.03% +0.03
XMHQ Invesco S&P Midcap Qual ETF Add +44.1% 0.11% +0.03
EFV iShares MSCI Eafe Value ETF Add +9.4% 1.13% +0.03
CIBR First Trust Nasdaq Cybersecu Add +51.9% 0.10% +0.03
BKNG Booking Holdings Inc. Add +41.7% 0.15% +0.02
AGZ iShares Agency Bond ETF Add +29.8% 0.16% +0.02
DFIS Dimensional International SM Add +13.6% 0.35% +0.02
VWO Vanguard Ftse Emerging Marke Add +9.3% 0.38% +0.02
VHT Vanguard Health Care ETF Add +30.6% 0.10% +0.02
EME Emcor Group Inc. Add +6.4% 0.14% +0.02
ABBV Abbvie Inc. Add +3.7% 0.13% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 177$389.3MWMT, XLK, GLD, VEA, NVDA
Q1 2026 162$381.6MWMT, GLD, XLK, VEA, NVDA
Q4 2025 160$363.0MWMT, GLD, XLK, NVDA, VEA
Q3 2025Amended 168$365.5MWMT, GLD, XLK, NVDA, VEA
Q2 2025 157$320.4MWMT, GLD, XLK, NVDA, VEA
Q1 2025 149$294.0MWMT, GLD, VEA, XLK, DECK
Q4 2024 145$295.7MWMT, GLD, XLK, VEA, VO
Q3 2024 149$278.9MWMT, GLD, VEA, XLK, VO
Q2 2024 142$248.1MWMT, XLK, VEA, GLD, AAPL
Q1 2024 142$234.3MWMT, XLK, VEA, GLD, VTI