Narus Financial Partners, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Narus Financial Partners, LLC reported 160 stock positions worth $363.0 million. Its top holding was Walmart (WMT) at 42.4% of the portfolio, followed by SPDR Gold Shares (GLD, 3.6%) and SS Technology Select Sector (XLK, 2.6%). Compared with Q3 2025, it opened 4 new positions, sold out of 12, added to 61 and reduced 69. The biggest buy was SPDR Gold Shares (GLD, shares +0%) and the biggest sale Invesco DB Oil Fund (DBO, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001698091
- Portfolio Value
- $363.0M (Q4 2025)
- SEC Filing
- 0001698091-26-000002 ↗ filed Feb 9, 2026
Holdings Value
Holdings 160 stocks · $363.0M
| WMT Walmart Inc. | 42.45% | 1,383,052 | $154.1M | Reduce -7.4% |
| GLD SPDR Gold Shares | 3.56% | 32,588 | $12.9M | Add +0.5% |
| XLK SS Technology Select Sector | 2.59% | 65,294 | $9.4M | Reduce -1.4% |
| NVDA Nvidia Corp. | 2.16% | 42,106 | $7.9M | Add +1.1% |
| VEA Vanguard Ftse Developed ETF | 2.02% | 117,091 | $7.3M | Add +0.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.52% | 19,030 | $5.5M | Reduce -2.5% |
| AAPL Apple Inc. | 1.49% | 19,914 | $5.4M | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.32% | 14,300 | $4.8M | Add +0.3% |
| EFV iShares MSCI Eafe Value ETF | 1.20% | 61,207 | $4.4M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 1.14% | 13,194 | $4.1M | Reduce -0.2% |
| VOX Vanguard Communication Servi | 1.10% | 20,652 | $4.0M | Reduce -0.9% |
| XLF SS Financial Select Sector | 0.98% | 64,962 | $3.6M | Reduce -3.8% |
| PSCT Invesco S&P Smallcap Informa | 0.95% | 60,692 | $3.4M | Reduce -2.8% |
| SCZ iShares MSCI Eafe Small-Cap | 0.91% | 42,702 | $3.3M | Add +0.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.87% | 12,276 | $3.2M | Reduce -6.8% |
| DFAS Dimensional US Small Cap ETF | 0.80% | 41,922 | $2.9M | Reduce -1.5% |
| IWR iShares Russell Mid-Cap ETF | 0.77% | 29,009 | $2.8M | Reduce -0.7% |
| MUB iShares National Muni Bond E | 0.76% | 25,721 | $2.8M | Reduce -2.5% |
| VOO Vanguard S&P 500 ETF | 0.75% | 4,321 | $2.7M | Reduce -2.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.71% | 13,433 | $2.6M | Reduce -18.0% |
| META Meta Platforms Inc. Class A | 0.70% | 3,868 | $2.6M | Add +5.5% |
| JPIE JPMorgan Income ETF | 0.70% | 55,127 | $2.6M | Reduce -0.7% |
| SPTI SS SPDR P Int Term TSY ETF | 0.70% | 88,248 | $2.5M | Reduce -1.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.69% | 4,104 | $2.5M | Reduce -0.1% |
| SUB iShares Short-Term National | 0.67% | 22,657 | $2.4M | Reduce -0.3% |
| EPI Wisdomtree India Earnings | 0.65% | 51,101 | $2.4M | Reduce -0.6% |
| BND Vanguard Total Bond Market | 0.65% | 31,735 | $2.4M | Reduce -0.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.65% | 29,212 | $2.3M | Add +0.6% |
| IJR iShares Core S&P Small-Cap E | 0.64% | 19,364 | $2.3M | Reduce -2.8% |
| IVV iShares Core S&P 500 ETF | 0.64% | 3,377 | $2.3M | Add +0.0% |
| DFSD Dimensional Short Duration | 0.62% | 46,795 | $2.2M | Reduce -6.1% |
| AMZN Amazon.com Inc. | 0.60% | 9,392 | $2.2M | Add +2.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.59% | 27,017 | $2.2M | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.57% | 3,024 | $2.1M | Reduce -2.3% |
| AGG iShares Core U.S. Aggregate | 0.56% | 20,240 | $2.0M | Add +2.4% |
| MSFT Microsoft Corp. | 0.54% | 4,076 | $2.0M | Reduce -0.0% |
| XLV SS Health Care Select Sector | 0.53% | 12,502 | $1.9M | Add +0.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.49% | 34,730 | $1.8M | Reduce -18.6% |
| XLY SS Consumer Disc Select Sect | 0.48% | 14,601 | $1.7M | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 3,429 | $1.7M | Reduce -0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.45% | 5,535 | $1.6M | Reduce -0.4% |
| IAU iShares Gold Trust | 0.45% | 20,135 | $1.6M | Add +0.8% |
| EFA iShares MSCI Eafe ETF | 0.45% | 16,886 | $1.6M | Reduce -11.1% |
| DBO Invesco DB Oil Fund | 0.44% | 131,785 | $1.6M | Reduce -39.1% |
| TLT iShares 20+ Year Treasury BD | 0.41% | 17,214 | $1.5M | Reduce -0.2% |
| ORCL Oracle Corp. | 0.41% | 7,636 | $1.5M | Add +2.0% |
| HYD Vaneck High Yield Muni ETF | 0.41% | 29,025 | $1.5M | Reduce -0.2% |
| VWO Vanguard Ftse Emerging Marke | 0.38% | 25,898 | $1.4M | Add +0.9% |
| JPM JPMorgan Chase & Co. | 0.37% | 4,188 | $1.3M | Add +2.0% |
| DFIS Dimensional International SM | 0.37% | 40,487 | $1.3M | No change |
| IXN iShares Global Tech ETF | 0.35% | 12,028 | $1.3M | No change |
| IUSV iShares Core S&P U.S. Value | 0.35% | 12,248 | $1.3M | Add +0.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.34% | 27,824 | $1.2M | Add +1.1% |
| AVGO Broadcom Inc. | 0.32% | 3,371 | $1.2M | Add +0.6% |
| GBIL Goldman Sachs Access Treasur | 0.32% | 11,639 | $1.2M | Reduce -0.5% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.30% | 41,087 | $1.1M | Add +0.2% |
| JPST JPMorgan Ultra-Short Income | 0.28% | 20,449 | $1.0M | Reduce -1.2% |
| QCOM Qualcomm Inc. | 0.27% | 5,768 | $987K | Reduce -1.8% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 0.27% | 40,038 | $974K | No change |
| VGT Vanguard Info Tech ETF | 0.27% | 1,287 | $970K | Add +5.9% |
| IWM iShares Russell 2000 ETF | 0.26% | 3,878 | $955K | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.26% | 11,582 | $934K | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.25% | 7,655 | $921K | Reduce -20.2% |
| IYY iShares Dow Jones U.S. ETF | 0.23% | 5,100 | $846K | No change |
| SJNK SS SPDR BB St Hi Yield ETF | 0.23% | 32,894 | $833K | Reduce -1.4% |
| XLE SS Energy Select Sector | 0.23% | 18,405 | $823K | Reduce -12.4% |
| SPAB SS SPDR P Agg Bond ETF | 0.22% | 31,379 | $808K | Add +3.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.22% | 1,650 | $805K | Add +1.9% |
| KLAC KLA Corp. | 0.22% | 658 | $800K | No change |
| DFUV Dimensional US Marketwide Va | 0.22% | 16,971 | $791K | Reduce -0.0% |
| TSLA Tesla Inc. | 0.22% | 1,738 | $782K | Add +10.4% |
| BSV Vanguard Short-Term Bond ETF | 0.21% | 9,850 | $776K | Reduce -3.7% |
| XLP SS Consumer Staples Sel Sect | 0.21% | 9,833 | $764K | Reduce -22.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 1 | $755K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.20% | 17,396 | $743K | Reduce -0.7% |
| JPIB JPMorgan Intl BND ETF | 0.20% | 15,114 | $736K | Reduce -1.1% |
| MBB iShares MBS ETF | 0.20% | 7,522 | $716K | Add +5.9% |
| IEF iShares 7-10 Year Treasury B | 0.19% | 7,150 | $688K | Add +0.4% |
| V Visa Inc. Class A | 0.18% | 1,863 | $653K | Reduce -1.7% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.18% | 3,649 | $647K | Reduce -9.5% |
| NOC Northrop Grumman Corp. | 0.17% | 1,099 | $627K | No change |
| EFG iShares MSCI Eafe Growth ETF | 0.16% | 5,239 | $597K | Add +0.3% |
| AGZ iShares Agency Bond ETF | 0.16% | 5,386 | $594K | Add +0.8% |
| VCIT Vanguard Int-Term Corporate | 0.16% | 6,966 | $583K | Add +9.8% |
| UNH Unitedhealth Group Inc. | 0.16% | 1,745 | $576K | Add +5.3% |
| WFC Wells Fargo & Co. | 0.15% | 6,028 | $562K | Add +0.7% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.15% | 9,550 | $555K | Reduce -0.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.15% | 9,562 | $554K | Reduce -5.2% |
| LLY Eli Lilly & Co. | 0.15% | 492 | $529K | Add +23.3% |
| BKNG Booking Holdings Inc. | 0.14% | 98 | $525K | Reduce -3.9% |
| CVX Chevron Corp. | 0.14% | 3,405 | $519K | Add +153.0% |
| PLTR Palantir Technologies Inc. Class A | 0.14% | 2,914 | $518K | Add +7.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.14% | 2,442 | $517K | Reduce -2.1% |
| ISCF iShares International Small | 0.14% | 12,441 | $516K | Add +0.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 1,693 | $514K | No change |
| CAT Caterpillar Inc. | 0.14% | 898 | $514K | Add +9.4% |
| ABBV Abbvie Inc. | 0.13% | 2,104 | $481K | Add +0.4% |
| EME Emcor Group Inc. | 0.13% | 782 | $478K | Add +0.5% |
| IUS Invesco Rafi Strategic US Et | 0.13% | 8,247 | $471K | Add +2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.13% | 3,045 | $468K | Add +2.5% |
Portfolio Sells Q3 2025 → Q4 2025
| DBO Invesco DB Oil Fund | Reduce -39.1% | 0.44% | −0.35 |
| DECK Deckers Outdoor Corp. | Reduce -75.2% | 0.12% | −0.34 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -18.0% | 0.71% | −0.13 |
| DOW Dow Inc. | Sold out | 0.00% | −0.13 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.11 |
| JMST JPM Ultra-Short Muni Income | Reduce -18.6% | 0.49% | −0.11 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.08 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.07 |
| SIGI Selective Insurance Group | Sold out | 0.00% | −0.07 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.07 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.06 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.06 |
| XLP SS Consumer Staples Sel Sect | Reduce -22.1% | 0.21% | −0.06 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.06 |
| GWX State Street SPDR S&P Intern | Sold out | 0.00% | −0.06 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.06 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.5% | 1.52% | −0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -6.8% | 0.87% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -20.2% | 0.25% | −0.04 |
| DFSD Dimensional Short Duration | Reduce -6.1% | 0.62% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -11.1% | 0.45% | −0.04 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -3.5% | 0.10% | −0.04 |
| MSFT Microsoft Corp. | Reduce -0.0% | 0.54% | −0.03 |
| XLE SS Energy Select Sector | Reduce -12.4% | 0.23% | −0.03 |
| HQY Healthequity Inc. | Reduce -16.8% | 0.12% | −0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -26.3% | 0.09% | −0.03 |
| AZO AutoZone Inc. | Reduce -11.3% | 0.06% | −0.02 |
| NTAP Netapp Inc. | Reduce -18.5% | 0.06% | −0.02 |
| CI The Cigna Group | Reduce -15.5% | 0.08% | −0.02 |
| XLF SS Financial Select Sector | Reduce -3.8% | 0.98% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -9.5% | 0.18% | −0.01 |
| ADBE Adobe Inc. | Reduce -7.7% | 0.12% | −0.01 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -1.8% | 0.70% | −0.01 |
| T AT&T Inc. | Reduce -0.4% | 0.07% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -2.5% | 0.76% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Reduce -0.2% | 0.41% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -9.3% | 0.09% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -3.7% | 0.21% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.8% | 0.64% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -3.9% | 0.14% | −0.01 |
| GD General Dynamics Corp. | Reduce -8.0% | 0.06% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -7.4% | 0.11% | −0.01 |
| DFSV Dimensional US Small Cap Val | Reduce -10.5% | 0.08% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -5.2% | 0.15% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -0.7% | 0.20% | −0.00 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -1.4% | 0.23% | −0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.2% | 0.07% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.7% | 0.77% | −0.00 |
| JPST JPMorgan Ultra-Short Income | Reduce -1.2% | 0.28% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| GLD SPDR Gold Shares | Add +0.5% | 3.56% | +0.40 |
| AAPL Apple Inc. | Add +0.2% | 1.49% | +0.11 |
| VEA Vanguard Ftse Developed ETF | Add +0.2% | 2.02% | +0.10 |
| CVX Chevron Corp. | Add +153.0% | 0.14% | +0.09 |
| EFV iShares MSCI Eafe Value ETF | Add +0.3% | 1.20% | +0.07 |
| CRWV Coreweave Inc. Class A | New | 0.06% | +0.06 |
| LLY Eli Lilly & Co. | Add +23.3% | 0.15% | +0.06 |
| AMGN Amgen Inc. | New | 0.06% | +0.06 |
| BLD Topbuild Corp. | New | 0.06% | +0.06 |
| XLV SS Health Care Select Sector | Add +0.0% | 0.53% | +0.06 |
| ZION Zions Bancorp NA | New | 0.06% | +0.06 |
| IAU iShares Gold Trust | Add +0.8% | 0.45% | +0.05 |
| AMZN Amazon.com Inc. | Add +2.3% | 0.60% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 1.32% | +0.04 |
| NVDA Nvidia Corp. | Add +1.1% | 2.16% | +0.04 |
| CAT Caterpillar Inc. | Add +9.4% | 0.14% | +0.03 |
| AMAT Applied Materials Inc. | Add +3.3% | 0.11% | +0.03 |
| TSLA Tesla Inc. | Add +10.4% | 0.22% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +0.6% | 0.65% | +0.02 |
| SCZ iShares MSCI Eafe Small-Cap | Add +0.4% | 0.91% | +0.02 |
| VGT Vanguard Info Tech ETF | Add +5.9% | 0.27% | +0.02 |
| AVGO Broadcom Inc. | Add +0.6% | 0.32% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +0.0% | 0.64% | +0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +1.1% | 0.34% | +0.02 |
| WFC Wells Fargo & Co. | Add +0.7% | 0.15% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +2.0% | 0.37% | +0.02 |
| AXP American Express Co. | Add +6.8% | 0.10% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +2.4% | 0.56% | +0.01 |
| VCIT Vanguard Int-Term Corporate | Add +9.8% | 0.16% | +0.01 |
| CSCO Cisco Systems Inc. | Add +2.4% | 0.09% | +0.01 |
| MBB iShares MBS ETF | Add +5.9% | 0.20% | +0.01 |
| IUSV iShares Core S&P U.S. Value | Add +0.1% | 0.35% | +0.01 |
| TJX TJX Companies Inc. | Add +2.5% | 0.13% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.9% | 0.22% | +0.01 |
| SPAB SS SPDR P Agg Bond ETF | Add +3.9% | 0.22% | +0.01 |
| IUS Invesco Rafi Strategic US Et | Add +2.5% | 0.13% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +7.9% | 0.14% | +0.01 |
| MCK McKesson Corp. | Add +0.5% | 0.10% | +0.01 |
| GRID First TRST Nasd Class Edg Sgiif | Add +4.5% | 0.11% | +0.01 |
| GE General Electric | Add +3.3% | 0.10% | +0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +0.9% | 0.12% | +0.00 |
| VCR Vanguard Consumer Discre ETF | Add +4.1% | 0.12% | +0.00 |
| EWJ iShares MSCI Japan ETF | Add +2.6% | 0.10% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +0.2% | 0.59% | +0.00 |
| AIRR First Trust Rba American Ind | Add +1.1% | 0.09% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +0.9% | 0.38% | +0.00 |
| ISCF iShares International Small | Add +0.4% | 0.14% | +0.00 |
| AGZ iShares Agency Bond ETF | Add +0.8% | 0.16% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +5.3% | 0.16% | +0.00 |
| USHY iShares Broad Usd High Yield | Add +2.1% | 0.12% | +0.00 |
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 |