Nations Financial Group Inc, /Ia/

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Nations Financial Group Inc, /Ia/ reported 677 stock positions worth $1.5 billion. Its top holding was Berkshire Hathaway Class B (BRK.B) at 2.6% of the portfolio, followed by Nvidia (NVDA, 2.5%) and Microsoft (MSFT, 2.5%). Compared with Q1 2025, it opened 49 new positions, sold out of 26, added to 331 and reduced 249. The biggest buy was Nvidia (NVDA, shares +2%) and the biggest sale Apple (AAPL, shares −11%).

Most Recent 13F
Q2 2026
Location
CEDAR RAPIDS, IA
CIK
0001109767
Portfolio Value
$1.5B (Q2 2025)
SEC Filing
0001109767-25-000005 ↗ filed Aug 11, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.5B $1.5B Q2 2025 Q3 2025: $1.6B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 677 stocks · $1.5B
BRK.B Berkshire Hathaway Inc. Class B 2.55% 76,472 $37.1M Add +7.9%
NVDA Nvidia Corp. 2.55% 234,598 $37.1M Add +2.0%
MSFT Microsoft Corp. 2.47% 72,254 $35.9M Add +2.6%
AAPL Apple Inc. 2.17% 153,659 $31.5M Reduce -10.7%
IJH iShares Core S&P Midcap ETF 1.88% 441,264 $27.4M Add +0.7%
QQQ Invesco QQQ Trust Series 1 1.82% 47,980 $26.5M Add +5.2%
IWV iShares Russell 3000 ETF 1.64% 67,893 $23.8M Reduce -0.1%
VYM Vanguard High DVD Yield ETF 1.32% 144,055 $19.2M Add +2.2%
XLK SS Technology Select Sector 1.27% 72,751 $18.4M Reduce -5.3%
META Meta Platforms Inc. Class A 1.22% 24,068 $17.8M Add +12.4%
FBCG Fidelity Blue Chip Grow ETF 1.15% 346,598 $16.7M Add +12.3%
AMZN Amazon.com Inc. 1.13% 74,632 $16.4M Add +2.6%
JPM JPMorgan Chase & Co. 1.08% 54,357 $15.8M Reduce -7.4%
COST Costco Wholesale Corp. 1.00% 14,702 $14.6M Add +1.9%
AVGO Broadcom Inc. 1.00% 52,672 $14.5M Reduce -4.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.92% 47,845 $13.4M Reduce -4.9%
GOOGL Alphabet Inc. Class A 0.92% 75,846 $13.4M Add +23.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.89% 29,524 $12.9M Add +0.7%
SCHD Schwab US DVD Equity ETF 0.86% 471,907 $12.5M Add +35.2%
USMV iShares MSCI USA Min Vol Fac 0.84% 130,625 $12.3M Add +28.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.83% 19,635 $12.1M Add +0.6%
VWO Vanguard Ftse Emerging Marke 0.83% 243,050 $12.0M Reduce -1.5%
IVV iShares Core S&P 500 ETF 0.81% 18,989 $11.8M Add +6.2%
V Visa Inc. Class A 0.75% 30,908 $11.0M Add +11.2%
GLD SPDR Gold Shares 0.72% 34,267 $10.4M Add +2.6%
IJJ iShares S&P Mid-Cap 400 Valu 0.67% 79,050 $9.8M Reduce -0.6%
IJR iShares Core S&P Small-Cap E 0.66% 88,421 $9.7M Add +4.0%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.66% 244,142 $9.6M Add +4.5%
IMCG iShares Morningstar Mid-Cap 0.62% 112,897 $9.1M Add +3.6%
URA Global X Uranium ETF 0.62% 233,225 $9.1M Add +1115.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.62% 51,109 $9.0M Reduce -0.3%
XOM Exxon Mobil Corp. 0.59% 79,505 $8.6M Reduce -34.1%
TCAF T Rowe PRC Cap Appreciation 0.58% 238,766 $8.4M Add +0.1%
BRK.A Berkshire Hathaway Inc. Class A 0.55% 11 $8.0M No change
IEFA iShares Core MSCI Eafe ETF 0.55% 95,735 $8.0M Add +3.6%
JCPB JPMorgan Core Plus Bond ETF 0.55% 168,603 $7.9M Add +13.5%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.54% 19,542 $7.9M Reduce -43.3%
EPD Enterprise Products Partners 0.54% 253,443 $7.9M Add +1.6%
BAR Graniteshares Gold Trust 0.51% 227,510 $7.4M Add +120.3%
VIG Vanguard Dividend Apprec ETF 0.50% 35,541 $7.3M Add +5.3%
VEA Vanguard Ftse Developed ETF 0.50% 126,856 $7.2M Reduce -3.3%
FFLC Fidelity Fndmntl L/C Cor ETF 0.47% 140,734 $6.9M Reduce -3.0%
ORCL Oracle Corp. 0.47% 31,006 $6.8M Add +1.0%
AVLV Avantis US Large Cap Value 0.46% 98,921 $6.7M Add +13.5%
FINS Angel Oak Financ Strat Inc. 0.46% 518,062 $6.7M Add +1.4%
NFLX Netflix Inc. 0.46% 5,002 $6.7M Add +24.5%
WMT Walmart Inc. 0.44% 65,973 $6.5M Add +0.7%
ITOT iShares Core S&P Total U.S. 0.44% 47,633 $6.4M Add +2.1%
ADP Automatic Data Processing 0.44% 20,808 $6.4M Reduce -2.1%
SLV iShares Silver Trust 0.43% 190,950 $6.3M Add +3.4%
SDVY First Trust Smid Cap Rising 0.43% 177,222 $6.3M Add +2.0%
BOND PIMCO Active Bond Exchange-T 0.43% 67,661 $6.2M Add +2.6%
STIP iShares 0-5 Year Tips Bond E 0.43% 60,277 $6.2M Add +71.5%
IEI iShares 3-7 Year Treasury Bo 0.42% 51,860 $6.2M Add +13.6%
RSP Invesco S&P 500 Equal Weight 0.42% 33,941 $6.2M Add +20.8%
BXMT Blackstone Mortgage Tru Class A 0.42% 319,593 $6.2M Add +0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.42% 20,845 $6.1M Add +1.7%
FTSL First Trust Senior Loan ETF 0.42% 132,144 $6.1M Add +35.1%
VTI VG Morningstar TS MKT ETF-US 0.40% 19,269 $5.9M Add +1.4%
JEPI JPMorgan Equity Premium Inco 0.38% 96,766 $5.5M Reduce -24.1%
KLAC KLA Corp. 0.38% 6,140 $5.5M Reduce -0.5%
ET Energy Transfer LP 0.37% 298,986 $5.4M Add +0.1%
TSM Taiwan Semiconductor-SP ADR 0.37% 23,598 $5.3M Add +153.7%
OKE Oneok Inc. 0.36% 64,562 $5.3M Add +17.1%
IEMG iShares Core MSCI Emerging 0.35% 84,989 $5.1M Add +0.1%
JNJ Johnson & Johnson 0.34% 31,978 $4.9M Add +1.0%
CSCO Cisco Systems Inc. 0.33% 69,342 $4.8M Add +0.0%
BABA Alibaba Group Holding-SP ADR 0.33% 42,242 $4.8M Add +3.6%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 0.33% 48,286 $4.7M Reduce -5.6%
PG The Procter & Gamble Co. 0.32% 29,474 $4.7M Reduce -1.0%
AMGN Amgen Inc. 0.32% 16,785 $4.7M Add +0.4%
PLTR Palantir Technologies Inc. Class A 0.32% 34,296 $4.7M Reduce -19.0%
IGSB iShares 1-5Y Inv Grade Corp. 0.32% 87,988 $4.6M Add +16.6%
CVX Chevron Corp. 0.31% 31,912 $4.6M Reduce -0.9%
HWKN Hawkins Inc. 0.31% 31,386 $4.5M Add +1.1%
CALF PCR US SM CP CSH CWS ETF-Usd 0.31% 111,490 $4.4M Reduce -10.3%
VZ Verizon Communications Inc. 0.30% 102,133 $4.4M Add +0.5%
TSLA Tesla Inc. 0.30% 13,800 $4.4M Reduce -7.0%
SA Seabridge Gold Inc. 0.30% 296,927 $4.3M Add +1.8%
GSLC Goldman Activebeta US LC ETF 0.29% 35,189 $4.3M Reduce -1.0%
IVW iShares S&P 500 Growth ETF 0.29% 38,771 $4.3M Add +6.3%
CASY Casey's General Stores Inc. 0.29% 8,325 $4.2M Add +0.8%
COWZ Pacer US Cash Cows 100 ETF 0.29% 76,762 $4.2M Reduce -8.3%
EMR Emerson Electric Co. 0.29% 31,621 $4.2M Reduce -3.0%
COR Cencora Inc. 0.29% 14,002 $4.2M Reduce -4.8%
PSX Phillips 66 0.28% 34,139 $4.1M Reduce -0.4%
ABT Abbott Laboratories 0.28% 29,700 $4.0M Reduce -5.0%
OBIL F/M US Treasury 12 Month Bil 0.28% 80,106 $4.0M Add +16.1%
FIXD First Trust Smith Opportunis 0.27% 90,615 $4.0M Add +3.3%
KT KT Corp.-SP ADR 0.27% 191,000 $4.0M Reduce -0.5%
CTAS Cintas Corp. 0.27% 17,704 $3.9M Reduce -31.2%
CEF Sprott Physical Gold and Sil 0.27% 128,120 $3.9M Add +2.2%
USTB Victoryshares Short-Term Bon 0.26% 73,980 $3.8M Add +7.4%
RDVY First Trust Rising Dividend 0.26% 59,611 $3.7M Add +0.7%
DE Deere & Co. 0.25% 7,082 $3.6M Reduce -1.1%
SCHE Schwab Emrg Mrkts Eqty ETF 0.24% 117,451 $3.5M Reduce -4.3%
CRM Salesforce Inc. 0.24% 12,930 $3.5M Add +88.3%
BLK BlackRock Inc. 0.24% 3,296 $3.5M Add +1.5%
CIBR First Trust Nasdaq Cybersecu 0.24% 45,740 $3.5M Add +5.3%
RTX RTX Corp. 0.24% 23,509 $3.4M Add +3.2%

Show all 677 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $204K (not counted above)
SecurityClassShares / PrincipalValueChange
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 18,804$204KAdd +83.2%

Total filed on the 13F, all lines: $1.5B.

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -10.7% 2.17% −0.75
XOM Exxon Mobil Corp. Reduce -34.1% 0.59% −0.51
UNH Unitedhealth Group Inc. Reduce -75.8% 0.05% −0.30
VAL Valaris Ltd. Reduce -89.0% 0.03% −0.23
MSTR Strategy Inc. Reduce -43.3% 0.54% −0.22
GOLD Gold.com Inc. Sold out 0.00% −0.19
JEPI JPMorgan Equity Premium Inco Reduce -24.1% 0.38% −0.18
QCOM Qualcomm Inc. Reduce -66.0% 0.08% −0.17
MCD McDonald's Corp. Reduce -30.4% 0.19% −0.13
CTAS Cintas Corp. Reduce -31.2% 0.27% −0.13
PFE Pfizer Inc. Reduce -38.8% 0.15% −0.13
TIP iShares Tips Bond ETF Reduce -78.0% 0.03% −0.12
MA Mastercard Inc. Class A Reduce -86.8% 0.02% −0.11
SOFI Sofi Technologies Inc. Sold out 0.00% −0.11
CVX Chevron Corp. Reduce -0.9% 0.31% −0.10
JOE The St Joe Co. Sold out 0.00% −0.09
PEP Pepsico Inc. Reduce -18.9% 0.16% −0.09
HFRO Highland Opport & Income Reduce -59.3% 0.05% −0.09
EXP Eagle Materials Inc. Sold out 0.00% −0.08
URNM Sprott Uranium Miners ETF Reduce -63.0% 0.08% −0.08
XOVR Ershares Private-Public Cros Sold out 0.00% −0.08
BKNG Booking Holdings Inc. Reduce -33.8% 0.22% −0.07
NKE Nike Inc. Class B Sold out 0.00% −0.07
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -4.9% 0.92% −0.07
PG The Procter & Gamble Co. Reduce -1.0% 0.32% −0.06
COWZ Pacer US Cash Cows 100 ETF Reduce -8.3% 0.29% −0.06
UFPI Ufp Industries Inc. Sold out 0.00% −0.06
TGT Target Corp. Reduce -32.5% 0.07% −0.06
IJJ iShares S&P Mid-Cap 400 Valu Reduce -0.6% 0.67% −0.06
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.3% 0.62% −0.06
ADP Automatic Data Processing Reduce -2.1% 0.44% −0.05
QLTY GMO U.S. Quality ETF Sold out 0.00% −0.05
CALF PCR US SM CP CSH CWS ETF-Usd Reduce -10.3% 0.31% −0.05
XLV SS Health Care Select Sector Reduce -6.5% 0.16% −0.05
SBUX Starbucks Corp. Reduce -3.8% 0.20% −0.05
NEE Nextera Energy Inc. Reduce -5.2% 0.23% −0.05
LPX Louisiana-Pacific Corp. Sold out 0.00% −0.04
LOW Lowe's Cos Inc. Reduce -1.5% 0.23% −0.04
PSX Phillips 66 Reduce -0.4% 0.28% −0.04
AFL Aflac Inc. Reduce -1.7% 0.22% −0.04
HD Home Depot Inc. Reduce -6.4% 0.21% −0.04
ABT Abbott Laboratories Reduce -5.0% 0.28% −0.04
BLD Topbuild Corp. Sold out 0.00% −0.04
JUNM FT Vest US Eq Max Buf June Sold out 0.00% −0.04
AJG Arthur J Gallagher & Co. Reduce -0.3% 0.18% −0.04
CB Chubb Ltd. Reduce -1.6% 0.20% −0.04
XLG Invesco S&P 500 Top 50 ETF Reduce -23.8% 0.12% −0.03
LNT Alliant Energy Corp. Reduce -36.6% 0.04% −0.03
FLOT iShares Floating Rate Bond E Reduce -26.2% 0.06% −0.03
NXDT Nexpoint Diversified Real Es Reduce -46.1% 0.04% −0.03

Portfolio Buys Q1 2025 → Q2 2025
NVDA Nvidia Corp. Add +2.0% 2.55% +0.65
URA Global X Uranium ETF Add +1115.2% 0.62% +0.59
MSFT Microsoft Corp. Add +2.6% 2.47% +0.45
META Meta Platforms Inc. Class A Add +12.4% 1.22% +0.28
BAR Graniteshares Gold Trust Add +120.3% 0.51% +0.27
TSM Taiwan Semiconductor-SP ADR Add +153.7% 0.37% +0.25
FBCG Fidelity Blue Chip Grow ETF Add +12.3% 1.15% +0.21
GOOGL Alphabet Inc. Class A Add +23.9% 0.92% +0.20
AMD Advanced Micro Devices Add +730.2% 0.21% +0.19
SPYI Neos S&P 500 High Income ETF Add +707.1% 0.22% +0.19
QQQ Invesco QQQ Trust Series 1 Add +5.2% 1.82% +0.19
NFLX Netflix Inc. Add +24.5% 0.46% +0.17
OIH Vaneck Oil Services ETF New 0.16% +0.16
CME Cme Group Inc. New 0.16% +0.16
STIP iShares 0-5 Year Tips Bond E Add +71.5% 0.43% +0.15
ORCL Oracle Corp. Add +1.0% 0.47% +0.14
HWM Howmet Aerospace Inc. Add +391.9% 0.16% +0.14
SCHD Schwab US DVD Equity ETF Add +35.2% 0.86% +0.11
USMV iShares MSCI USA Min Vol Fac Add +28.1% 0.84% +0.11
DXCM Dexcom Inc. New 0.11% +0.11
CRM Salesforce Inc. Add +88.3% 0.24% +0.10
AEP American Electric Power Add +264.5% 0.14% +0.09
CEG Constellation Energy Add +60.6% 0.16% +0.09
CLS Celestica Inc. Add +4.3% 0.19% +0.09
FTSL First Trust Senior Loan ETF Add +35.1% 0.42% +0.08
FEGE First Eagle GL Equity ETF New 0.07% +0.07
MELI MercadoLibre Inc. New 0.07% +0.07
AMZN Amazon.com Inc. Add +2.6% 1.13% +0.07
PLMR Palomar Holdings Inc. New 0.07% +0.07
IAU iShares Gold Trust Add +78.5% 0.16% +0.07
COF Capital One Financial Corp. New 0.06% +0.06
SFM Sprouts Farmers Market Inc. New 0.06% +0.06
VUG Vanguard Mrngstar GR ETF-Sui Add +0.7% 0.89% +0.06
HWKN Hawkins Inc. Add +1.1% 0.31% +0.06
VNOM Viper Energy Inc. New 0.06% +0.06
RSP Invesco S&P 500 Equal Weight Add +20.8% 0.42% +0.05
BUFQ FT VST Lad NSDQ Buf ETF-Usdi New 0.05% +0.05
JMTG Mortgage-Backed Securities New 0.05% +0.05
FDX FedEx Corp. Add +215.6% 0.08% +0.05
EMO Clearbridge Energy Midstream Add +125.2% 0.10% +0.05
UDEC Innovator U.S. Equity Ultra New 0.05% +0.05
EWY iShares MSCI South Korea ETF Add +19.8% 0.15% +0.05
IVV iShares Core S&P 500 ETF Add +6.2% 0.81% +0.04
SA Seabridge Gold Inc. Add +1.8% 0.30% +0.04
CRWD CrowdStrike Holdings Inc. Class A Add +5.0% 0.14% +0.04
IVW iShares S&P 500 Growth ETF Add +6.3% 0.29% +0.04
IBM Intl Business Machines Corp. Add +1.7% 0.42% +0.03
KKR KKR & Co. Inc. New 0.03% +0.03
LTTI FT Vest 20 YR TSY & Targ Inc. Add +189.0% 0.05% +0.03
VRT Vertiv Holdings Co. Class A New 0.03% +0.03

Notes & Other Activity Q1 2025 → Q2 2025
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 Add +83.2% 18,804 $204K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 789$2.1BIVV, NVDA, AAPL, QQQ, GOOGL
Q1 2026 773$1.9BIVV, NVDA, AAPL, IJH, QQQ
Q4 2025 746$1.9BIVV, NVDA, AAPL, MSFT, QQQ
Q3 2025 710$1.6BNVDA, AAPL, MSFT, QQQ, IJH
Q2 2025 677$1.5BBRK.B, NVDA, MSFT, AAPL, IJH
Q1 2025 654$1.3BAAPL, BRK.B, MSFT, IJH, NVDA
Q4 2024 667$1.4BAAPL, BRK.B, MSFT, NVDA, IJH
Q3 2024 670$1.4BAAPL, BRK.B, MSFT, NVDA, IJH
Q2 2024 629$1.2BAAPL, BRK.B, MSFT, NVDA, IJH
Q1 2024 621$1.2BBRK.B, MSFT, AAPL, IJH, NVDA