Northeast Financial Consultants Inc

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Northeast Financial Consultants Inc reported 288 stock positions worth $2.4 billion. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 13.4% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.5%) and Vanguard Dividend Apprec ETF (VIG, 5.5%). Compared with Q3 2024, it opened 11 new positions, sold out of 14, added to 100 and reduced 45. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +1%) and the biggest sale iShares MSCI International Q (IQLT, shares −41%).

Most Recent 13F
Q2 2025
Location
WESTPORT, CT
CIK
0001599863
Portfolio Value
$2.4B (Q4 2024)
SEC Filing
0001599863-25-000003 ↗ filed Feb 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.0B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.3B Q3 2024 Q4 2024: $2.4B $2.4B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.4B Q2 2025

Holdings 288 stocks · $2.4B
VUG Vanguard Mrngstar GR ETF-Sui 13.37% 772,398 $317.0M Add +1.1%
VOO Vanguard S&P 500 ETF 10.50% 462,099 $249.0M Add +1.9%
VIG Vanguard Dividend Apprec ETF 5.53% 670,077 $131.2M Reduce -0.6%
SPY SS SPDR S&P 500 ETF Trust-US 4.32% 174,738 $102.4M Add +1.8%
QQQ Invesco QQQ Trust Series 1 3.93% 182,400 $93.2M Add +1.3%
DGRO iShares Core Dividend Growth 3.75% 1,448,441 $88.8M Add +2.7%
AAPL Apple Inc. 3.40% 321,881 $80.6M Add +0.3%
BXSL Blackstone Secured Lending F 3.22% 2,361,294 $76.3M Add +12.6%
AMZN Amazon.com Inc. 2.75% 296,754 $65.1M Add +0.4%
VYM Vanguard High DVD Yield ETF 2.58% 479,201 $61.1M Add +1.6%
MSFT Microsoft Corp. 2.54% 142,637 $60.1M Add +0.6%
COWZ Pacer US Cash Cows 100 ETF 1.94% 815,088 $46.0M Reduce -0.2%
GOOG Alphabet Inc. Class C 1.69% 210,021 $40.0M Add +0.5%
GBDC Golub Capital BDC Inc. 1.64% 2,567,820 $38.9M Reduce -3.0%
FDN First Trust DJ Internet Ind 1.59% 155,498 $37.8M Reduce -4.5%
JPM JPMorgan Chase & Co. 1.52% 150,532 $36.1M Reduce -11.3%
GOOGL Alphabet Inc. Class A 1.52% 190,020 $36.0M Add +0.2%
IGV iShares Expanded Tech-Softwa 1.39% 329,721 $33.0M Add +0.6%
VTI VG Morningstar TS MKT ETF-US 1.36% 110,897 $32.1M Reduce -4.3%
PFE Pfizer Inc. 1.29% 1,156,297 $30.7M Reduce -4.3%
ITOT iShares Core S&P Total U.S. 1.20% 221,720 $28.5M Add +0.1%
IJR iShares Core S&P Small-Cap E 1.07% 220,947 $25.5M Add +0.6%
XLK SS Technology Select Sector 1.05% 107,300 $24.9M Reduce -2.3%
NVDA Nvidia Corp. 0.98% 172,141 $23.1M Reduce -0.6%
KKR KKR & Co. Inc. 0.91% 145,950 $21.6M No change
AVGO Broadcom Inc. 0.89% 91,067 $21.1M Reduce -5.3%
ARCC Ares Capital Corp. 0.65% 701,486 $15.4M Add +14.4%
BN Brookfield Corp. 0.57% 234,641 $13.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.52% 279,332 $12.3M Reduce -0.8%
IGM iShares Expanded Tech Sector 0.49% 113,796 $11.6M Reduce -1.4%
BX Blackstone Inc. 0.48% 66,317 $11.4M Add +0.4%
CVX Chevron Corp. 0.47% 77,176 $11.2M Reduce -1.5%
MPLX MPLX LP 0.47% 230,478 $11.0M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.46% 64,043 $10.8M Reduce -8.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.45% 95,507 $10.6M Reduce -0.2%
PPA Invesco Aerospace & Defense 0.41% 83,774 $9.6M Add +0.1%
IVV iShares Core S&P 500 ETF 0.40% 15,985 $9.4M Add +1.3%
VFH Vanguard Financials ETF 0.39% 78,963 $9.3M Add +0.2%
EPD Enterprise Products Partners 0.38% 290,927 $9.1M No change
HD Home Depot Inc. 0.38% 23,305 $9.1M Add +0.9%
GS Goldman Sachs Group Inc. 0.38% 15,827 $9.1M Add +1.7%
SPYG SS SPDR P S&P 500 Growth ETF 0.38% 102,880 $9.0M No change
XOM Exxon Mobil Corp. 0.38% 82,815 $8.9M Add +1.1%
QUAL iShares MSCI USA Quality Fac 0.35% 47,102 $8.4M Add +2.5%
IQLT iShares MSCI International Q 0.34% 218,099 $8.1M Reduce -41.0%
MET Metlife Inc. 0.33% 96,351 $7.9M Reduce -0.2%
LLY Eli Lilly & Co. 0.32% 9,956 $7.7M Add +0.2%
MRK Merck & Co. Inc. 0.32% 75,895 $7.6M Add +0.2%
V Visa Inc. Class A 0.31% 23,367 $7.4M Add +1.2%
IBIT iShares Bitcoin Trust ETF 0.30% 135,924 $7.2M Reduce -22.4%
ZTS Zoetis Inc. 0.30% 44,233 $7.2M Add +0.1%
WM Waste Management Inc. 0.28% 33,393 $6.7M Add +1.5%
FMC FMC Corp. 0.26% 128,000 $6.2M No change
IHI iShares U.S. Medical Devices 0.26% 105,447 $6.2M Reduce -18.8%
DE Deere & Co. 0.26% 14,482 $6.1M No change
IJS iShares S&P Small-Cap 600 Va 0.24% 52,817 $5.7M Reduce -1.7%
JNJ Johnson & Johnson 0.24% 38,828 $5.6M Add +0.5%
CRM Salesforce Inc. 0.23% 16,203 $5.4M Add +0.0%
UNH Unitedhealth Group Inc. 0.23% 10,606 $5.4M Add +0.9%
IVW iShares S&P 500 Growth ETF 0.23% 52,657 $5.3M Reduce -2.7%
IWN iShares Russell 2000 Value E 0.22% 31,957 $5.2M Add +0.0%
MA Mastercard Inc. Class A 0.22% 9,962 $5.2M Add +0.2%
IWM iShares Russell 2000 ETF 0.20% 21,926 $4.8M Reduce -0.8%
JCI Johnson Controls Internation 0.20% 60,000 $4.7M No change
XLE SS Energy Select Sector 0.20% 54,022 $4.6M Reduce -7.2%
HON Honeywell International Inc. 0.19% 20,125 $4.5M Reduce -27.9%
XLV SS Health Care Select Sector 0.19% 32,629 $4.5M Add +0.3%
PM Philip Morris International 0.19% 36,778 $4.4M No change
PG The Procter & Gamble Co. 0.18% 25,660 $4.3M Add +0.3%
IWF iShares Russell 1000 Growth 0.17% 10,256 $4.1M No change
EFA iShares MSCI Eafe ETF 0.17% 54,328 $4.1M Add +197.4%
APO Apollo Global Management Inc. 0.17% 24,731 $4.1M No change
ASML ASML Holding NV-NY Reg SHS 0.17% 5,833 $4.0M Reduce -1.8%
IWB iShares Russell 1000 ETF 0.16% 11,895 $3.8M Add +2.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.16% 18,950 $3.8M No change
XSW SS SPDR S&P Soft & Serv ETF 0.16% 19,823 $3.7M Reduce -0.5%
PSX Phillips 66 0.16% 32,720 $3.7M No change
QQXT First Trust Nasdaq-100 Ex-Te 0.16% 39,821 $3.7M No change
IWS iShares Russell Mid-Cap Valu 0.15% 27,828 $3.6M Add +0.1%
PEP Pepsico Inc. 0.15% 23,017 $3.5M Add +0.1%
TMO Thermo Fisher Scientific Inc. 0.14% 6,497 $3.4M Reduce -1.1%
ADP Automatic Data Processing 0.14% 11,545 $3.4M No change
IYW iShares Ustechnology ETF 0.14% 20,563 $3.3M No change
HDV iShares Core High Dividend E 0.14% 28,726 $3.2M Add +0.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.13% 80,755 $3.1M Add +95.1%
SPSM SS SPDR P S&P 600 Small Cap 0.13% 67,997 $3.1M Add +6.7%
ABBV Abbvie Inc. 0.13% 16,867 $3.0M No change
ET Energy Transfer LP 0.12% 149,058 $2.9M No change
OXY Occidental Petroleum Corp. 0.12% 58,307 $2.9M Add +0.8%
VEU Vanguard Ftse All-World Ex-U 0.12% 49,154 $2.8M Add +0.6%
MTD Mettler-Toledo International 0.12% 2,244 $2.7M No change
BA The Boeing Co. 0.11% 14,762 $2.6M Add +0.2%
IJT iShares S&P Small-Cap 600 GR 0.10% 18,387 $2.5M Reduce -8.0%
VRTX Vertex Pharmaceuticals Inc. 0.10% 6,040 $2.4M Add +1.1%
BMY Bristol-Myers Squibb Co. 0.10% 41,807 $2.4M Add +0.0%
ARES Ares Management Corp. Class A 0.10% 13,042 $2.3M No change
TXN Texas Instruments Inc. 0.10% 12,108 $2.3M Add +2.0%
RC Ready Capital Corp. 0.10% 332,160 $2.3M No change
GLW Corning Inc. 0.09% 46,563 $2.2M Add +3.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.09% 17,992 $2.2M No change
MCD McDonald's Corp. 0.09% 7,486 $2.2M Add +0.5%
PNC PNC Financial Services Group 0.09% 11,194 $2.2M No change
IWD iShares Russell 1000 Value E 0.09% 11,571 $2.1M Reduce -4.0%
KO The Coca-Cola Co. 0.09% 33,669 $2.1M Reduce -2.7%
EZM Wisdomtree US Midcap Fund 0.09% 32,505 $2.0M No change
MO Altria Group Inc. 0.08% 36,287 $1.9M No change
STLD Steel Dynamics Inc. 0.08% 16,600 $1.9M No change
MLM Martin Marietta Materials 0.08% 3,642 $1.9M No change
NFLX Netflix Inc. 0.08% 2,034 $1.8M Add +0.4%
OBDC Blue Owl Capital Corp. 0.07% 115,600 $1.7M Add +541.6%
TSM Taiwan Semiconductor-SP ADR 0.07% 8,846 $1.7M Add +4.0%
AB Alliancebernstein Holding LP 0.07% 46,409 $1.7M No change
XLI SS Industrial Select Sector 0.07% 13,041 $1.7M No change
TT Trane Technologies PLC 0.07% 4,609 $1.7M Reduce -2.6%
OKE Oneok Inc. 0.07% 16,776 $1.7M No change
AMGN Amgen Inc. 0.07% 6,419 $1.7M No change
INTC Intel Corp. 0.07% 81,173 $1.6M Reduce -0.2%
RTX RTX Corp. 0.07% 14,036 $1.6M Add +0.2%
BXMT Blackstone Mortgage Tru Class A 0.07% 90,000 $1.6M No change
IYH iShares U.S. Healthcare ETF 0.07% 26,525 $1.5M No change
HACK Amplify Cybersecurity ETF 0.06% 20,120 $1.5M No change
DGRW Wisdomtree U.S. Quality Divi 0.06% 18,415 $1.5M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.06% 8,770 $1.4M Reduce -0.7%
MDLZ Mondelez International Inc. Class A 0.06% 23,602 $1.4M Add +2.2%
ECL Ecolab Inc. 0.06% 5,999 $1.4M Add +3.1%
UPS United Parcel Service Class B 0.06% 11,079 $1.4M No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.06% 5,489 $1.4M No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.06% 4,972 $1.4M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 6,246 $1.4M Add +9.2%
CALF PCR US SM CP CSH CWS ETF-Usd 0.06% 30,865 $1.4M Reduce -1.4%
DUK Duke Energy Corp. 0.06% 12,422 $1.3M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.05% 17,195 $1.3M Add +0.9%
BUG Global X Cybersecurity ETF 0.05% 40,450 $1.3M No change
ITW Illinois Tool Works 0.05% 5,090 $1.3M No change
MTDR Matador Resources Co. 0.05% 22,530 $1.3M Add +0.5%
IHAK iShares Cybersecurity & Tech 0.05% 25,400 $1.2M No change
SDY SS SPDR S&P Dividend ETF 0.05% 9,237 $1.2M Reduce -5.6%
FVD First Trust Value Line DVD 0.05% 27,598 $1.2M Reduce -9.3%
COST Costco Wholesale Corp. 0.05% 1,314 $1.2M Reduce -3.0%
IEFA iShares Core MSCI Eafe ETF 0.05% 17,040 $1.2M Reduce -6.9%
REGN Regeneron Pharmaceuticals 0.05% 1,668 $1.2M No change
HASI Ha Sustainable Infrastructur 0.05% 43,000 $1.2M No change
PID Invesco International Divide 0.05% 61,943 $1.1M No change
IEMG iShares Core MSCI Emerging 0.05% 21,147 $1.1M Add +0.7%
FCX Freeport-McMoran Inc. 0.05% 28,978 $1.1M Add +0.6%
C Citigroup Inc. 0.05% 15,626 $1.1M No change
IJH iShares Core S&P Midcap ETF 0.05% 17,650 $1.1M Reduce -0.7%
VGT Vanguard Info Tech ETF 0.05% 1,756 $1.1M Reduce -34.6%
CVLG Covenant Logistics Group Inc. 0.05% 20,000 $1.1M No change
SYK Stryker Corp. 0.05% 2,995 $1.1M No change
ORN Orion Group Holdings Inc. 0.05% 146,060 $1.1M No change
META Meta Platforms Inc. Class A 0.04% 1,818 $1.1M Add +31.0%
NKE Nike Inc. Class B 0.04% 13,906 $1.1M No change
IXN iShares Global Tech ETF 0.04% 12,217 $1.0M Add +0.2%
RFG Invesco S&P Midcap 400 Pure 0.04% 21,000 $1.0M No change
HEI Heico Corp. 0.04% 4,100 $975K No change
VB Vanguard Most SM-Cap ETF-Usd 0.04% 4,019 $966K Add +39.9%
TGRW T Rowe Price Growth Stock Et 0.04% 24,200 $963K No change
ACI Albertsons Cos Inc. Class A 0.04% 48,385 $950K No change
ADBE Adobe Inc. 0.04% 2,061 $916K Add +7.8%
IBB iShares Biotechnology ETF 0.04% 6,811 $900K No change
XHE SS SPDR S&P HC Equip ETF 0.04% 10,105 $894K No change
ORCL Oracle Corp. 0.04% 5,355 $892K Add +9.6%
GLD SPDR Gold Shares 0.04% 3,483 $843K Add +3.2%
PKW Invesco Buyback Achievers Et 0.03% 7,100 $817K No change
LMT Lockheed Martin Corp. 0.03% 1,655 $804K No change
IWP iShares Russell Mid-Cap Grow 0.03% 6,331 $802K No change
ACN Accenture PLC Class A 0.03% 2,214 $779K No change
CGBD Carlyle Secured Lending Inc. 0.03% 42,770 $767K No change
LHX L3HARRIS Technologies Inc. 0.03% 3,532 $743K Add +0.6%
ABT Abbott Laboratories 0.03% 6,381 $722K No change
VTRS Viatris Inc. 0.03% 57,681 $718K Add +2.6%
CASY Casey's General Stores Inc. 0.03% 1,800 $713K No change
BWFG Bankwell Financial Group Inc. 0.03% 21,903 $682K New
DVY iShares Select Dividend ETF 0.03% 5,160 $677K No change
VEA Vanguard Ftse Developed ETF 0.03% 13,786 $659K Add +4.3%
IGF iShares Global Infrastructur 0.03% 12,355 $646K Add +0.1%
URNJ Sprott Jr Uranium Miners ETF 0.03% 34,515 $641K No change
MS Morgan Stanley 0.03% 5,085 $639K No change
UBER Uber Technologies Inc. 0.03% 10,177 $614K Add +5.8%
SHEL Shell PLC-ADR 0.02% 9,250 $580K No change
EMR Emerson Electric Co. 0.02% 4,616 $572K No change
VOOG Vanguard S&P 500 Growth ETF 0.02% 1,551 $568K Add +0.3%
VZ Verizon Communications Inc. 0.02% 13,951 $558K Add +0.3%
SPYI Neos S&P 500 High Income ETF 0.02% 10,944 $556K Add +12.3%
TSLX Sixth Street Specialty Lendi 0.02% 26,000 $554K No change
VDC Vanguard Consumer Staple ETF 0.02% 2,610 $552K Add +0.5%
IWR iShares Russell Mid-Cap ETF 0.02% 6,208 $549K No change
EQT Eqt Corp. 0.02% 11,619 $536K No change
CRWD CrowdStrike Holdings Inc. Class A 0.02% 1,554 $532K Add +6.1%
CIBR First Trust Nasdaq Cybersecu 0.02% 8,246 $523K Add +5.0%
BSX Boston Scientific Corp. 0.02% 5,574 $498K No change
BCRX Biocryst Pharmaceuticals Inc. 0.02% 65,633 $494K No change
OCSL Oaktree Specialty Lending Co. 0.02% 32,166 $491K No change
AXP American Express Co. 0.02% 1,646 $489K Add +94.6%
ICE Intercontinental Exchange Inc. 0.02% 3,256 $485K Add +0.1%
KMB Kimberly-Clark Corp. 0.02% 3,688 $483K No change
BLK BlackRock Inc. 0.02% 467 $479K Add +16.2%
SCHF Schwab Intl Equity ETF 0.02% 25,652 $475K No change
VRNS Varonis Systems Inc. 0.02% 10,500 $467K No change
WMT Walmart Inc. 0.02% 5,081 $459K Reduce -1.1%
IMNM Immunome Inc. 0.02% 42,953 $456K Reduce -41.1%
MNST Monster Beverage Corp. 0.02% 8,640 $454K No change
HCA HCA Healthcare Inc. 0.02% 1,500 $450K No change
FYX First Trust Small Cap Core A 0.02% 4,400 $445K No change
DYAI Dyadic International Inc. 0.02% 250,000 $438K No change
SCHD Schwab US DVD Equity ETF 0.02% 15,951 $436K No change
COP Conocophillips 0.02% 4,361 $432K Add +2.9%
FXH First Trust Health Care Alph 0.02% 4,050 $422K No change
SBUX Starbucks Corp. 0.02% 4,590 $419K Add +0.0%
ALL Allstate Corp. 0.02% 2,123 $409K No change
SON Sonoco Products Co. 0.02% 8,300 $405K No change
VRNA Verona Pharma Ltd. 0.02% 8,700 $404K No change
CBRE CBRE Group Inc. Class A 0.02% 3,000 $394K No change
QQEW First TR Nasdaq-100 Sel Eq 0.02% 3,147 $393K Add +0.1%
OABI Omniab Inc. 0.02% 110,996 $393K New
IAU iShares Gold Trust 0.02% 7,888 $391K New
MGM MGM Resorts International 0.02% 11,250 $390K Add +4.7%
SCHX Schwab US Large-Cap ETF 0.02% 16,800 $389K No change
UNP Union Pacific Corp. 0.02% 1,706 $389K Add +1.2%
CPK Chesapeake Utilities Corp. 0.02% 3,200 $388K No change
QCOM Qualcomm Inc. 0.02% 2,453 $377K Add +3.8%
NOC Northrop Grumman Corp. 0.02% 795 $373K Add +0.1%
PAA Plains All Amer Pipeline LP 0.02% 21,800 $372K No change
SOXX iShares Semiconductor ETF 0.02% 1,721 $371K Reduce -73.3%
VGK Vanguard Ftse Europe ETF 0.02% 5,835 $370K No change
IJK iShares S&P Mid-Cap 400 Grow 0.02% 4,064 $370K No change
DFS Discover Financial Services 0.02% 2,130 $369K No change
SIRI Sirius XM Holdings Inc. 0.02% 16,035 $366K Add +5.8%
WFC Wells Fargo & Co. 0.02% 5,186 $364K Add +18.2%
KMI Kinder Morgan Inc. 0.01% 12,960 $355K No change
AMD Advanced Micro Devices 0.01% 2,920 $353K No change
CMI Cummins Inc. 0.01% 1,000 $349K No change
FBND Fidelity Total Bond ETF 0.01% 7,538 $338K New
EFG iShares MSCI Eafe Growth ETF 0.01% 3,463 $335K No change
AZN Astrazeneca PLC-Spons ADR 0.01% 5,054 $331K No change
CSX CSX Corp. 0.01% 10,200 $329K No change
MRSH Marsh & McLennan Cos 0.01% 1,514 $322K No change
URNM Sprott Uranium Miners ETF 0.01% 7,817 $315K Reduce -42.9%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 904 $310K No change
LOW Lowe's Cos Inc. 0.01% 1,226 $303K No change
IQV Iqvia Holdings Inc. 0.01% 1,500 $295K Reduce -40.9%
TYG Tortoise Energy Infrastruct 0.01% 7,000 $294K No change
MDY State Street SPDR S&P Midcap 0.01% 513 $292K No change
SPGI S&P Global Inc. 0.01% 579 $288K No change
PAYX Paychex Inc. 0.01% 2,000 $280K No change
AFL Aflac Inc. 0.01% 2,700 $279K No change
TSLA Tesla Inc. 0.01% 681 $275K New
IHE iShares US Pharmaceuticals E 0.01% 4,140 $272K No change
GE General Electric filed as GE AEROSPACE 0.01% 1,608 $268K Add +28.1%
CARR Carrier Global Corp. 0.01% 3,801 $259K No change
WCN Waste Connections Inc. 0.01% 1,500 $257K No change
TTE Totalenergies SE -Spon ADR 0.01% 4,675 $255K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.01% 2,300 $253K Add +15.0%
T AT&T Inc. 0.01% 11,104 $253K Add +7.8%
ENB Enbridge Inc. 0.01% 5,896 $250K No change
AXS Axis Capital Holdings Ltd. 0.01% 2,800 $248K No change
IXUS iShares Core Intl Stock ETF 0.01% 3,713 $246K Add +1.8%
URA Global X Uranium ETF 0.01% 9,138 $245K No change
KR Kroger Co. 0.01% 4,000 $245K No change
LLYVK Liberty Media Corp.-Liberty-C 0.01% 3,576 $243K New
VDE Vanguard Energy ETF 0.01% 2,006 $243K No change
FITB Fifth Third Bancorp 0.01% 5,700 $241K No change
INSP Inspire Medical Systems Inc. 0.01% 1,300 $241K No change
LFUS Littelfuse Inc. 0.01% 1,000 $236K No change
CCJ Cameco Corp. 0.01% 4,520 $232K New
MAR Marriott International Class A 0.01% 822 $229K No change
CB Chubb Ltd. 0.01% 821 $227K Add +2.6%
FELV Fidelity Enh LRG Cap Val ETF 0.01% 7,404 $226K Add +2.3%
LBRDK Liberty Broadband-C 0.01% 2,989 $223K Add +6.3%
AON Aon PLC Class A 0.01% 610 $219K No change
CAT Caterpillar Inc. 0.01% 592 $215K No change
CLX Clorox Company 0.01% 1,312 $213K No change
COHR Coherent Corp. 0.01% 2,200 $208K New
RL Ralph Lauren Corp. 0.01% 900 $208K New
NEE Nextera Energy Inc. 0.01% 2,898 $208K No change
VIOG Vanguard S&P SM Cap 600 GRW 0.01% 1,740 $202K No change
LGND Ligand Pharmaceuticals 0.01% 1,876 $201K New
SNOW Snowflake Inc. 0.01% 1,300 $201K New
LBTYK Liberty Global Ltd. Class C 0.01% 12,261 $161K Add +18.1%
RLYB Rallybio Corp. 0.00% 96,422 $93K Add +336.5%
CLEARSIDE BIOMEDICAL INC 0.00% 93,000 $88K No change
ALTM Arcadium Lithium PLC 0.00% 15,752 $81K No change
PNBK Patriot National Bancorp Inc. 0.00% 39,123 $76K No change
FIBROGEN INC 0.00% 54,699 $29K No change
CGTX Cognition Therapeutics Inc. 0.00% 24,500 $17K No change
AWHL Aspira Women's Health Inc. 0.00% 23,436 $17K No change
VERU Veru Inc. 0.00% 16,300 $11K No change

Portfolio Sells Q3 2024 → Q4 2024
IQLT iShares MSCI International Q Reduce -41.0% 0.34% −0.33
VIG Vanguard Dividend Apprec ETF Reduce -0.6% 5.53% −0.30
PFE Pfizer Inc. Reduce -4.3% 1.29% −0.23
COWZ Pacer US Cash Cows 100 ETF Reduce -0.2% 1.94% −0.12
GBDC Golub Capital BDC Inc. Reduce -3.0% 1.64% −0.11
VTI VG Morningstar TS MKT ETF-US Reduce -4.3% 1.36% −0.08
VTV Vanguard Mrngstr Val ETF-Aui Reduce -8.7% 0.46% −0.08
IHI iShares U.S. Medical Devices Reduce -18.8% 0.26% −0.08
HON Honeywell International Inc. Reduce -27.9% 0.19% −0.06
SOXX iShares Semiconductor ETF Reduce -73.3% 0.02% −0.05
ASML ASML Holding NV-NY Reg SHS Reduce -1.8% 0.17% −0.05
JPM JPMorgan Chase & Co. Reduce -11.3% 1.52% −0.04
TMO Thermo Fisher Scientific Inc. Reduce -1.1% 0.14% −0.04
CVX Chevron Corp. Reduce -1.5% 0.47% −0.03
XLK SS Technology Select Sector Reduce -2.3% 1.05% −0.03
XLE SS Energy Select Sector Reduce -7.2% 0.20% −0.03
IMNM Immunome Inc. Reduce -41.1% 0.02% −0.03
VGT Vanguard Info Tech ETF Reduce -34.6% 0.05% −0.02
KO The Coca-Cola Co. Reduce -2.7% 0.09% −0.02
CC The Chemours Co. Sold out 0.00% −0.02
IJT iShares S&P Small-Cap 600 GR Reduce -8.0% 0.10% −0.02
MET Metlife Inc. Reduce -0.2% 0.33% −0.02
RIO Rio Tinto PLC-Spon ADR Sold out 0.00% −0.01
INTC Intel Corp. Reduce -0.2% 0.07% −0.01
URNM Sprott Uranium Miners ETF Reduce -42.9% 0.01% −0.01
IQV Iqvia Holdings Inc. Reduce -40.9% 0.01% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -6.9% 0.05% −0.01
IJS iShares S&P Small-Cap 600 Va Reduce -1.7% 0.24% −0.01
NUE Nucor Corp. Sold out 0.00% −0.01
SMCI Super Micro Computer Inc. Sold out 0.00% −0.01
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.01
EXPD Expeditors Intl Wash Inc. Sold out 0.00% −0.01
KHC The Kraft Heinz Co. Sold out 0.00% −0.01
FVD First Trust Value Line DVD Reduce -9.3% 0.05% −0.01
IWD iShares Russell 1000 Value E Reduce -4.0% 0.09% −0.01
AWK American Water Works Co. Inc. Sold out 0.00% −0.01
DHR Danaher Corp. Sold out 0.00% −0.01
SDY SS SPDR S&P Dividend ETF Reduce -5.6% 0.05% −0.01
IWM iShares Russell 2000 ETF Reduce -0.8% 0.20% −0.01
VAW Vanguard Materials ETF Sold out 0.00% −0.01
IT Gartner Inc. Sold out 0.00% −0.01
TT Trane Technologies PLC Reduce -2.6% 0.07% −0.01
CALF PCR US SM CP CSH CWS ETF-Usd Reduce -1.4% 0.06% −0.01
MRBK Meridian Corp. Sold out 0.00% −0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -0.7% 0.06% −0.00
ETWO E2OPEN Parent Holdings Inc. Sold out 0.00% −0.00
IJH iShares Core S&P Midcap ETF Reduce -0.7% 0.05% −0.00
COST Costco Wholesale Corp. Reduce -3.0% 0.05% −0.00
MGNX Macrogenics Inc. Sold out 0.00% −0.00
IVW iShares S&P 500 Growth ETF Reduce -2.7% 0.23% −0.00

Portfolio Buys Q3 2024 → Q4 2024
VUG Vanguard Mrngstar GR ETF-Sui Add +1.1% 13.37% +0.54
BXSL Blackstone Secured Lending F Add +12.6% 3.22% +0.53
AMZN Amazon.com Inc. Add +0.4% 2.75% +0.34
GOOG Alphabet Inc. Class C Add +0.5% 1.69% +0.16
GOOGL Alphabet Inc. Class A Add +0.2% 1.52% +0.14
AAPL Apple Inc. Add +0.3% 3.40% +0.13
IGV iShares Expanded Tech-Softwa Add +0.6% 1.39% +0.11
EFA iShares MSCI Eafe ETF Add +197.4% 0.17% +0.11
QQQ Invesco QQQ Trust Series 1 Add +1.3% 3.93% +0.09
ARCC Ares Capital Corp. Add +14.4% 0.65% +0.09
OBDC Blue Owl Capital Corp. Add +541.6% 0.07% +0.06
SLB SLB Ltd. Add +95.1% 0.13% +0.05
GS Goldman Sachs Group Inc. Add +1.7% 0.38% +0.05
BX Blackstone Inc. Add +0.4% 0.48% +0.04
VOO Vanguard S&P 500 ETF Add +1.9% 10.50% +0.04
CRM Salesforce Inc. Add +0.0% 0.23% +0.03
V Visa Inc. Class A Add +1.2% 0.31% +0.03
BWFG Bankwell Financial Group Inc. New 0.03% +0.03
OABI Omniab Inc. New 0.02% +0.02
IAU iShares Gold Trust New 0.02% +0.02
FBND Fidelity Total Bond ETF New 0.01% +0.01
VFH Vanguard Financials ETF Add +0.2% 0.39% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +1.8% 4.32% +0.01
NFLX Netflix Inc. Add +0.4% 0.08% +0.01
BA The Boeing Co. Add +0.2% 0.11% +0.01
TSLA Tesla Inc. New 0.01% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +39.9% 0.04% +0.01
AXP American Express Co. Add +94.6% 0.02% +0.01
LLYVK Liberty Media Corp.-Liberty-C New 0.01% +0.01
META Meta Platforms Inc. Class A Add +31.0% 0.04% +0.01
CCJ Cameco Corp. New 0.01% +0.01
TSM Taiwan Semiconductor-SP ADR Add +4.0% 0.07% +0.01
COHR Coherent Corp. New 0.01% +0.01
RL Ralph Lauren Corp. New 0.01% +0.01
LGND Ligand Pharmaceuticals New 0.01% +0.01
SNOW Snowflake Inc. New 0.01% +0.01
MA Mastercard Inc. Class A Add +0.2% 0.22% +0.01
BMY Bristol-Myers Squibb Co. Add +0.0% 0.10% +0.01
MTDR Matador Resources Co. Add +0.5% 0.05% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +6.1% 0.02% +0.00
WFC Wells Fargo & Co. Add +18.2% 0.02% +0.00
GLW Corning Inc. Add +3.3% 0.09% +0.00
BLK BlackRock Inc. Add +16.2% 0.02% +0.00
RLYB Rallybio Corp. Add +336.5% 0.00% +0.00
IBM Intl Business Machines Corp. Add +9.2% 0.06% +0.00
SPSM SS SPDR P S&P 600 Small Cap Add +6.7% 0.13% +0.00
IWB iShares Russell 1000 ETF Add +2.4% 0.16% +0.00
CIBR First Trust Nasdaq Cybersecu Add +5.0% 0.02% +0.00
VTRS Viatris Inc. Add +2.6% 0.03% +0.00
SPYI Neos S&P 500 High Income ETF Add +12.3% 0.02% +0.00

Notes & Other Activity Q3 2024 → Q4 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Sold out 185 $237Kbefore exit
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Sold out 7,161 $213Kbefore exit
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 Sold out 18,050 $40Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2025 299$2.4BVUG, VOO, VIG, BXSL, QQQ
Q1 2025 278$2.3BVUG, VOO, VIG, BXSL, SPY
Q4 2024 288$2.4BVUG, VOO, VIG, SPY, QQQ
Q3 2024 291$2.3BVUG, VOO, VIG, SPY, DGRO
Q2 2024 271$2.2BVUG, VOO, VIG, SPY, QQQ
Q1 2024 286$2.0BVUG, VOO, VIG, SPY, DGRO