NBZ Investment Advisors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), NBZ Investment Advisors LLC reported 58 stock positions worth $191.0 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 15.5% of the portfolio, followed by Amplify CWP Enhan Divid ETF (DIVO, 11.1%) and Inn Defined Wealth Shield (BALT, 7.6%). Compared with Q2 2025, it opened 9 new positions, sold out of 4, added to 16 and reduced 18. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +91%) and the biggest sale an exit from Proshares Ultra S&P500 (SSO).

Most Recent 13F
Q2 2026
Location
KNOXVILLE, TN
CIK
0001998018
Portfolio Value
$191.0M (Q3 2025)
SEC Filing
0001398344-25-020740 ↗ filed Nov 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q4 2024: $178.6M Q4 2024 Q1 2025: $173.0M Q1 2025 Q2 2025: $174.6M Q2 2025 Q3 2025: $191.0M $191.0M Q3 2025 Q4 2025: $229.1M Q4 2025 Q1 2026: $228.6M Q1 2026 Q2 2026: $256.0M Q2 2026

Holdings 58 stocks · $191.0M
SPYM Ste STR SPDR PT S&P 500 ETF 15.45% 376,643 $29.5M Add +91.5%
DIVO Amplify CWP Enhan Divid ETF 11.08% 474,576 $21.2M Add +2.3%
BALT Inn Defined Wealth Shield 7.56% 440,153 $14.4M Add +5.5%
GRNY Fundstr Gran SH US LRG Cap 6.80% 519,281 $13.0M Add +28.0%
JAAA Janus Henderson Aaa Clo ETF 6.55% 246,405 $12.5M Reduce -1.1%
TSPA T Rowe Price US Eqy Research 6.43% 292,950 $12.3M Add +30.3%
XSMO Invesco S&P Smallcap Momentu 6.24% 162,052 $11.9M Add +12.0%
XMHQ Invesco S&P Midcap Qual ETF 6.14% 111,767 $11.7M Add +11.6%
TACK Fairlead Tactical Sector ETF 4.63% 294,838 $8.8M Add +6.2%
SCHB Schwab US Broad Market ETF 4.22% 313,239 $8.1M Reduce -0.1%
FEBU Allianzim US BF15 Uncap Feb 3.88% 271,536 $7.4M Reduce -0.9%
ARKK ARK Innovation ETF 3.37% 74,566 $6.4M Reduce -5.8%
AAPL Apple Inc. 1.85% 13,877 $3.5M Add +22.9%
TCHP T Rowe Price Blue Chip Growt 1.44% 56,113 $2.7M Reduce -7.7%
NVDA Nvidia Corp. 1.31% 13,369 $2.5M Reduce -0.5%
GOOG Alphabet Inc. Class C 1.27% 9,920 $2.4M Add +42.0%
AUGU Allianzim US BF15 Uncap Aug 1.11% 72,828 $2.1M Add +2.2%
QQQ Invesco QQQ Trust Series 1 1.10% 3,504 $2.1M Add +6.7%
MSFT Microsoft Corp. 1.03% 3,791 $2.0M Add +31.7%
AXP American Express Co. 0.94% 5,404 $1.8M Reduce -0.3%
SCHM Schwab US Mid Cap ETF 0.91% 58,374 $1.7M Add +0.3%
JPM JPMorgan Chase & Co. 0.65% 3,962 $1.2M Reduce -0.9%
CBTJ Calamos Bitcoin 80 P ETF Jan 0.54% 36,042 $1.0M Reduce -0.5%
WFC Wells Fargo & Co. 0.49% 11,273 $945K No change
IVV iShares Core S&P 500 ETF 0.49% 1,397 $935K No change
BRK.B Berkshire Hathaway Inc. Class B 0.45% 1,700 $855K New
MAXJ iShares LG Cap Max Buff Jun 0.37% 25,165 $706K Reduce -13.6%
SGOV iShares 0-3 Month Treasury B 0.37% 6,930 $698K Reduce -25.8%
JULU Allianzim US BF15 Uncap Jul 0.31% 20,457 $599K Reduce -12.9%
PFE Pfizer Inc. 0.30% 22,629 $577K Add +0.0%
BA The Boeing Co. 0.30% 2,635 $569K Reduce -0.9%
PNFP Pinnacle Financial Partners 0.29% 5,842 $548K No change
TSLA Tesla Inc. 0.28% 1,222 $543K No change
TSM Taiwan Semiconductor-SP ADR 0.25% 1,706 $476K Add +4.9%
META Meta Platforms Inc. Class A 0.21% 543 $399K No change
PBJN Pgim S&P 500 Buffer 20-Jun 0.17% 11,197 $329K Reduce -6.1%
AMZN Amazon.com Inc. 0.17% 1,454 $319K No change
CPSM Calamos SP500 STR Alt Promay 0.16% 10,946 $310K No change
CPNJ Calamos NSDQ100 Alt ETF 0.13% 9,515 $254K No change
AMD Advanced Micro Devices 0.12% 1,469 $238K No change
VOO Vanguard S&P 500 ETF 0.11% 333 $204K New
FLO Flowers Foods Inc. 0.08% 11,700 $153K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 1,173 $134K Reduce -3.9%
NKE Nike Inc. Class B 0.07% 1,873 $131K No change
SCHA Schwab US Small-Cap ETF 0.06% 4,360 $122K No change
VNQ Vanguard Real Estate ETF 0.04% 760 $69K New
SEPU Allianzim US BF15 Uncap Sep 0.03% 2,083 $59K New
SPGP Invesco S&P 500 Garp ETF 0.03% 513 $58K Reduce -98.1%
CPSJ Calamos S&P 500 Sap ETF July 0.03% 2,033 $54K Reduce -12.8%
AAPR Ino Eq Po ETF 2YR AP2028-Usd 0.02% 1,635 $46K No change
ARKX ARK Space & Defense Innovati 0.02% 1,416 $40K Reduce -41.9%
OCTU Allianzim US BF15 Uncap Oct 0.02% 1,158 $32K New
MAYU Allianzim US BF15 Uncap May 0.01% 890 $28K New
GOOGL Alphabet Inc. Class A 0.01% 112 $27K No change
RSP Invesco S&P 500 Equal Weight 0.01% 135 $26K New
CBXJ Calamos Bitcoin 90 P ETF Jan 0.01% 808 $22K No change
PWV Invesco Large Cap Value ETF 0.01% 335 $22K No change
TOUS T Rowe PRC International Eq 0.00% 50 $2K New

Options reported separately and not counted above: IWM calls ($290K), PFE calls ($117K), NKE calls ($98K), PNFP calls ($94K), DIS calls ($69K), AMZN calls ($44K), AMD calls ($32K), NVDA calls ($19K).

Portfolio Sells Q2 2025 → Q3 2025
SSO Proshares Ultra S&P500 Sold out 0.00% −7.86
OMFL Invesco Russell 1000 DYN M/F Sold out 0.00% −2.12
SPGP Invesco S&P 500 Garp ETF Reduce -98.1% 0.03% −1.62
JAAA Janus Henderson Aaa Clo ETF Reduce -1.1% 6.55% −0.69
PJUL Innovator U.S. Equity Power Sold out 0.00% −0.18
SGOV iShares 0-3 Month Treasury B Reduce -25.8% 0.37% −0.17
FEBU Allianzim US BF15 Uncap Feb Reduce -0.9% 3.88% −0.15
TCHP T Rowe Price Blue Chip Growt Reduce -7.7% 1.44% −0.14
NLY Annaly Capital Management Inc. Sold out 0.00% −0.11
MAXJ iShares LG Cap Max Buff Jun Reduce -13.6% 0.37% −0.09
SCHB Schwab US Broad Market ETF Reduce -0.1% 4.22% −0.06
JULU Allianzim US BF15 Uncap Jul Reduce -12.9% 0.31% −0.06
AXP American Express Co. Reduce -0.3% 0.94% −0.05
PBJN Pgim S&P 500 Buffer 20-Jun Reduce -6.1% 0.17% −0.02
CBTJ Calamos Bitcoin 80 P ETF Jan Reduce -0.5% 0.54% −0.02
BA The Boeing Co. Reduce -0.9% 0.30% −0.02
DIS The Walt Disney Co. Reduce -3.9% 0.07% −0.02
ARKX ARK Space & Defense Innovati Reduce -41.9% 0.02% −0.01
JPM JPMorgan Chase & Co. Reduce -0.9% 0.65% −0.01
CPSJ Calamos S&P 500 Sap ETF July Reduce -12.8% 0.03% −0.01
NVDA Nvidia Corp. Reduce -0.5% 1.31% +0.09
ARKK ARK Innovation ETF Reduce -5.8% 3.37% +0.18

Portfolio Buys Q2 2025 → Q3 2025
SPYM Ste STR SPDR PT S&P 500 ETF Add +91.5% 15.45% +7.26
GRNY Fundstr Gran SH US LRG Cap Add +28.0% 6.80% +1.53
TSPA T Rowe Price US Eqy Research Add +30.3% 6.43% +1.42
XSMO Invesco S&P Smallcap Momentu Add +12.0% 6.24% +0.61
GOOG Alphabet Inc. Class C Add +42.0% 1.27% +0.56
AAPL Apple Inc. Add +22.9% 1.85% +0.52
XMHQ Invesco S&P Midcap Qual ETF Add +11.6% 6.14% +0.51
BRK.B Berkshire Hathaway Inc. Class B New 0.45% +0.45
MSFT Microsoft Corp. Add +31.7% 1.03% +0.21
TACK Fairlead Tactical Sector ETF Add +6.2% 4.63% +0.15
VOO Vanguard S&P 500 ETF New 0.11% +0.11
FLO Flowers Foods Inc. New 0.08% +0.08
QQQ Invesco QQQ Trust Series 1 Add +6.7% 1.10% +0.06
TSM Taiwan Semiconductor-SP ADR Add +4.9% 0.25% +0.04
VNQ Vanguard Real Estate ETF New 0.04% +0.04
SEPU Allianzim US BF15 Uncap Sep New 0.03% +0.03
OCTU Allianzim US BF15 Uncap Oct New 0.02% +0.02
MAYU Allianzim US BF15 Uncap May New 0.01% +0.01
RSP Invesco S&P 500 Equal Weight New 0.01% +0.01
TOUS T Rowe PRC International Eq New 0.00% +0.00
AUGU Allianzim US BF15 Uncap Aug Add +2.2% 1.11% −0.00
PFE Pfizer Inc. Add +0.0% 0.30% −0.01
SCHM Schwab US Mid Cap ETF Add +0.3% 0.91% −0.03
BALT Inn Defined Wealth Shield Add +5.5% 7.56% −0.10
DIVO Amplify CWP Enhan Divid ETF Add +2.3% 11.08% −0.22

Options Activity Q2 2025 → Q3 2025
PNFP Pinnacle Financial Partners call New 1,000 $94K
XBI SS SPDR S&P Biotech ETF call Sold out 1,000 $83Kbefore exit
DIS The Walt Disney Co. call Reduce -33.3% 600 $69K
AMZN Amazon.com Inc. call Reduce -83.3% 200 $44K
AMD Advanced Micro Devices call Reduce -60.0% 200 $32K
TSLA Tesla Inc. call Sold out 100 $32Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 80$256.0MSPYM, DIVO, BALT, XSMO, TSPA
Q1 2026 67$228.6MSPYM, DIVO, BALT, JAAA, XSMO
Q4 2025 61$229.1MDIVO, AKRE, BALT, SPYM, SSO
Q3 2025 58$191.0MSPYM, DIVO, BALT, GRNY, JAAA
Q2 2025 53$174.6MDIVO, SPYM, SSO, BALT, JAAA
Q1 2025 57$173.0MJAAA, DIVO, SPYM, BALT, SSO
Q4 2024 65$178.6MSPYM, JAAA, DIVO, OMFL, SPGP