Northwestern Mutual Wealth Management Co.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Northwestern Mutual Wealth Management Co. reported 3,767 stock positions worth $150.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 14.9% of the portfolio, followed by Vanguard Total Bond Market (BND, 6.3%) and iShares Core S&P Midcap ETF (IJH, 5.3%). Compared with Q2 2025, it opened 442 new positions, sold out of 314, added to 1,771 and reduced 1,074. The biggest buy was iShares MSCI International Q (IQLT, shares +57%) and the biggest sale Schwab Intl Equity ETF (SCHF, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001141802
- Portfolio Value
- $150.0B (Q3 2025)
- SEC Filing
- 0001141802-25-000013 ↗ filed Nov 14, 2025
Holdings Value
Holdings 3,767 stocks · $150.0B
| IVV iShares Core S&P 500 ETF | 14.91% | 33,427,901 | $22.4B | Add +2.9% |
| BND Vanguard Total Bond Market | 6.28% | 126,617,235 | $9.4B | Add +3.4% |
| IJH iShares Core S&P Midcap ETF | 5.34% | 122,648,738 | $8.0B | Add +2.3% |
| SCHF Schwab Intl Equity ETF | 4.43% | 285,507,134 | $6.6B | Reduce -13.9% |
| IJR iShares Core S&P Small-Cap E | 3.35% | 42,327,458 | $5.0B | Add +2.5% |
| RSP Invesco S&P 500 Equal Weight | 3.20% | 25,293,041 | $4.8B | Add +2.6% |
| FBND Fidelity Total Bond ETF | 2.76% | 89,517,143 | $4.1B | Add +3.9% |
| VWO Vanguard Ftse Emerging Marke | 2.70% | 74,834,185 | $4.1B | Add +4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.63% | 5,913,366 | $3.9B | Add +2.2% |
| TLT iShares 20+ Year Treasury BD | 2.49% | 41,721,495 | $3.7B | Add +3.0% |
| VEA Vanguard Ftse Developed ETF | 2.32% | 58,128,458 | $3.5B | Add +5.6% |
| IEFA iShares Core MSCI Eafe ETF | 1.98% | 33,954,853 | $3.0B | Add +3.7% |
| VLUE iShares MSCI USA Value Facto | 1.85% | 22,160,303 | $2.8B | Add +2.7% |
| IQLT iShares MSCI International Q | 1.56% | 53,043,095 | $2.3B | Add +56.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.27% | 3,172,010 | $1.9B | Reduce -1.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.19% | 35,747,656 | $1.8B | Add +1.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.18% | 6,026,776 | $1.8B | Reduce -10.5% |
| VOO Vanguard S&P 500 ETF | 1.00% | 2,459,435 | $1.5B | Add +5.1% |
| DFIV Dimensional International Va | 0.83% | 26,884,410 | $1.2B | Add +9.2% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.82% | 26,298,023 | $1.2B | Add +8.2% |
| IEMG iShares Core MSCI Emerging | 0.81% | 18,399,513 | $1.2B | Add +2.1% |
| AGG iShares Core U.S. Aggregate | 0.79% | 11,865,716 | $1.2B | Reduce -0.8% |
| NVDA Nvidia Corp. | 0.69% | 5,516,759 | $1.0B | Reduce -6.0% |
| MSFT Microsoft Corp. | 0.67% | 1,942,445 | $1.0B | Add +0.8% |
| VNQ Vanguard Real Estate ETF | 0.67% | 10,960,194 | $1.0B | Add +8.4% |
| AAPL Apple Inc. | 0.64% | 3,752,997 | $955.6M | Add +0.8% |
| QQQM Invesco Nasdaq 100 ETF | 0.59% | 3,598,711 | $889.3M | Add +6.9% |
| GSLC Goldman Activebeta US LC ETF | 0.59% | 6,800,158 | $885.9M | Reduce -1.6% |
| MUB iShares National Muni Bond E | 0.58% | 8,102,619 | $862.8M | Add +9.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.57% | 1,776,106 | $851.8M | Reduce -0.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.56% | 2,745,324 | $845.2M | Reduce -1.1% |
| SCHX Schwab US Large-Cap ETF | 0.52% | 29,438,303 | $775.4M | Add +5.8% |
| BIV Vanguard Intermediate-Term B | 0.52% | 9,911,931 | $774.0M | Add +8.8% |
| AMZN Amazon.com Inc. | 0.49% | 3,368,134 | $739.5M | Add +1.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.48% | 3,866,085 | $721.0M | Add +2.3% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.47% | 16,693,552 | $701.6M | Add +8.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.45% | 2,677,958 | $681.0M | Add +5.0% |
| INTF iShares International Equity | 0.41% | 17,242,564 | $619.2M | Add +8.6% |
| IVLU iShares MSCI International V | 0.38% | 16,052,538 | $569.5M | Add +4.8% |
| GOOGL Alphabet Inc. Class A | 0.38% | 2,341,909 | $569.3M | Add +0.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.35% | 9,041,964 | $519.6M | Reduce -22.0% |
| CGGR Cap Group Growth Equity | 0.33% | 11,374,810 | $499.6M | Add +9.3% |
| IWB iShares Russell 1000 ETF | 0.33% | 1,337,550 | $488.8M | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 0.32% | 656,464 | $482.1M | Add +2.8% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.32% | 8,071,059 | $477.8M | Add +39.2% |
| MDY State Street SPDR S&P Midcap | 0.31% | 788,274 | $469.8M | Add +28.6% |
| VGT Vanguard Info Tech ETF | 0.31% | 628,414 | $469.2M | Reduce -4.9% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.30% | 9,726,425 | $451.5M | Reduce -9.5% |
| QUAL iShares MSCI USA Quality Fac | 0.29% | 2,251,190 | $437.9M | Reduce -6.9% |
| SCHD Schwab US DVD Equity ETF | 0.28% | 15,552,135 | $424.6M | Reduce -9.2% |
| IEF iShares 7-10 Year Treasury B | 0.28% | 4,351,564 | $419.8M | Add +2.5% |
| IAU iShares Gold Trust | 0.27% | 5,576,855 | $405.8M | Add +11.4% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.25% | 11,018,745 | $376.5M | Add +2.4% |
| VIG Vanguard Dividend Apprec ETF | 0.23% | 1,622,847 | $350.2M | Add +6.7% |
| JPM JPMorgan Chase & Co. | 0.23% | 1,101,758 | $347.5M | Reduce -0.1% |
| IOO iShares Global 100 ETF | 0.23% | 2,828,612 | $339.5M | Reduce -2.6% |
| VT Vanguard Tot World STK ETF | 0.22% | 2,341,478 | $322.7M | Reduce -2.5% |
| SCHG Schwab US Large-Cap Growth | 0.21% | 10,027,556 | $320.0M | Add +9.2% |
| IWF iShares Russell 1000 Growth | 0.21% | 680,581 | $318.8M | Add +1.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.21% | 4,685,008 | $316.3M | Add +2.6% |
| SCHM Schwab US Mid Cap ETF | 0.21% | 10,473,140 | $310.4M | Add +2.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.20% | 3,787,339 | $296.7M | Add +6.2% |
| GOOG Alphabet Inc. Class C | 0.19% | 1,163,866 | $283.5M | Reduce -0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 858,114 | $281.6M | Reduce -6.5% |
| FENI Fidelity Enhanced Intl ETF | 0.19% | 7,950,844 | $280.5M | Add +74.7% |
| EZU iShares MSCI Eurozone ETF | 0.19% | 4,488,538 | $278.0M | Reduce -7.6% |
| AVGO Broadcom Inc. | 0.17% | 786,728 | $259.5M | Reduce -10.8% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.17% | 6,040,807 | $259.5M | Add +1.4% |
| JPST JPMorgan Ultra-Short Income | 0.17% | 5,007,149 | $254.0M | Add +3.8% |
| VFLO Victoryshares Free Cash Flow | 0.17% | 6,740,833 | $252.8M | Add +6.3% |
| FMDE Fidelity Enhanced Mid Cap Co. | 0.17% | 6,960,142 | $251.6M | Add +201.0% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.16% | 5,226,817 | $238.2M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 470,470 | $236.5M | Reduce -0.9% |
| EFA iShares MSCI Eafe ETF | 0.15% | 2,460,708 | $229.8M | Add +2.7% |
| AVUV Avantis US Small Cap Value | 0.15% | 2,244,932 | $223.4M | Add +12.0% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.14% | 7,330,475 | $217.1M | Reduce -2.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.14% | 738,797 | $217.1M | Add +3.2% |
| AVDE Avantis International Equity | 0.14% | 2,703,438 | $213.3M | Add +134.8% |
| AVEM Avantis Emerging Markets Eq | 0.14% | 2,801,083 | $210.4M | Reduce -8.5% |
| IVW iShares S&P 500 Growth ETF | 0.14% | 1,677,939 | $202.6M | Add +1.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.13% | 3,780,629 | $193.0M | Add +4.7% |
| IWP iShares Russell Mid-Cap Grow | 0.13% | 1,328,199 | $189.1M | Reduce -1.5% |
| RDVY First Trust Rising Dividend | 0.13% | 2,810,099 | $189.0M | Add +15.2% |
| CGMU Cap Group Municipal Income | 0.12% | 6,597,766 | $180.1M | Add +32.5% |
| ITM Vaneck Intermediate Muni ETF | 0.12% | 3,844,618 | $179.2M | Add +5.7% |
| PVAL Putnam Focused LRG Cap Value | 0.12% | 4,192,632 | $179.1M | Add +17.6% |
| V Visa Inc. Class A | 0.12% | 523,505 | $178.7M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.12% | 233,296 | $178.0M | Add +7.1% |
| COST Costco Wholesale Corp. | 0.12% | 189,851 | $175.7M | Add +0.3% |
| SMH Vaneck Semiconductor ETF | 0.11% | 526,529 | $171.8M | Add +8.5% |
| USMV iShares MSCI USA Min Vol Fac | 0.11% | 1,797,261 | $171.0M | Reduce -5.6% |
| JEPI JPMorgan Equity Premium Inco | 0.11% | 2,931,338 | $167.4M | Reduce -4.4% |
| SPHQ Invesco S&P 500 Quality ETF | 0.11% | 2,269,870 | $166.4M | Add +23.1% |
| SPEM State Street SP PTF Em ETF | 0.11% | 3,503,688 | $164.0M | Add +3.6% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.11% | 4,144,701 | $163.9M | Add +7.2% |
| GLD SPDR Gold Shares | 0.11% | 459,476 | $163.3M | Add +4.3% |
| JMUB JPMorgan Municipal ETF | 0.11% | 3,208,854 | $162.0M | Add +34.7% |
| SCHH Schwab US REIT ETF | 0.11% | 7,446,853 | $160.6M | Reduce -5.2% |
| HD Home Depot Inc. | 0.11% | 395,896 | $160.4M | Add +1.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.11% | 906,842 | $158.3M | Reduce -10.5% |
Other holdings (22): bonds, preferreds, convertibles and warrants · $332K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 57 | $73K | Reduce -20.8% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 2,139 | $55K | Reduce -7.0% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 2,160 | $54K | Add +8.0% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 11,303 | $42K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 33 | $41K | Reduce -93.3% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 297 | $21K | Add +8.4% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 500 | $20K | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 107 | $5K | Add +81.4% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 70 | $5K | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 111 | $4K | New |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 57 | $3K | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 125 | $3K | No change |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 2,962 | $2K | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 29 | $2K | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 12 | $853 | New |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 9,212 | $719 | Reduce -7.1% |
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | 10,993 | $649 | Add +15.0% |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 375 | $281 | No change |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1 | $97 | No change |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | 4,464 | $85 | Add +0.2% |
| RBOT.WS Vicarious Surgical Inc.-CW27 | *W EXP 09/17/202 | 1,000 | $20 | No change |
| BRISTOL MYERS - CELGENE CVR | RIGHT 12/30/2030 | 341 | $10 | No change |
Total filed on the 13F, all lines: $150.0B.
Portfolio Sells Q2 2025 → Q3 2025
| SCHF Schwab Intl Equity ETF | Reduce -13.9% | 4.43% | −0.91 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -10.5% | 1.18% | −0.19 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -22.0% | 0.35% | −0.12 |
| AGG iShares Core U.S. Aggregate | Reduce -0.8% | 0.79% | −0.07 |
| SCHD Schwab US DVD Equity ETF | Reduce -9.2% | 0.28% | −0.05 |
| CRM Salesforce Inc. | Reduce -25.8% | 0.07% | −0.05 |
| VGSH Vanguard Short-Term Treasury | Reduce -66.0% | 0.02% | −0.04 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -9.5% | 0.30% | −0.04 |
| ACN Accenture PLC Class A | Reduce -59.5% | 0.02% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -71.1% | 0.01% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Reduce -6.9% | 0.29% | −0.03 |
| APP AppLovin Corp. Class A | Reduce -91.3% | 0.01% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -58.9% | 0.01% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.6% | 1.27% | −0.03 |
| CAVA Cava Group Inc. | Reduce -94.2% | 0.00% | −0.03 |
| CMG Chipotle Mexican Grill Inc. | Reduce -71.1% | 0.01% | −0.03 |
| GTLB Gitlab Inc. Class A | Reduce -97.7% | 0.00% | −0.03 |
| EZU iShares MSCI Eurozone ETF | Reduce -7.6% | 0.19% | −0.03 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -43.2% | 0.03% | −0.02 |
| GSLC Goldman Activebeta US LC ETF | Reduce -1.6% | 0.59% | −0.02 |
| AVUS Avantis U.S. Equity ETF | Reduce -25.9% | 0.05% | −0.02 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -36.5% | 0.03% | −0.02 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -14.4% | 0.09% | −0.02 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -25.6% | 0.05% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -5.6% | 0.11% | −0.02 |
| SPGI S&P Global Inc. | Reduce -18.9% | 0.03% | −0.02 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -10.5% | 0.11% | −0.02 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -64.5% | 0.01% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.5% | 0.19% | −0.02 |
| JEPI JPMorgan Equity Premium Inco | Reduce -4.4% | 0.11% | −0.02 |
| SCHH Schwab US REIT ETF | Reduce -5.2% | 0.11% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -1.1% | 0.56% | −0.01 |
| GCOW Pacer Global Cash Cows Divid | Reduce -10.3% | 0.08% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -2.4% | 0.33% | −0.01 |
| AVEM Avantis Emerging Markets Eq | Reduce -8.5% | 0.14% | −0.01 |
| ELV Elevance Health Inc. | Reduce -2.1% | 0.03% | −0.01 |
| ICF iShares Select U.S. REIT ETF | Reduce -4.0% | 0.09% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -8.0% | 0.06% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -1.4% | 0.07% | −0.01 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -47.0% | 0.01% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 0.16% | −0.01 |
| IWP iShares Russell Mid-Cap Grow | Reduce -1.5% | 0.13% | −0.01 |
| VT Vanguard Tot World STK ETF | Reduce -2.5% | 0.22% | −0.01 |
| VHT Vanguard Health Care ETF | Reduce -10.9% | 0.05% | −0.01 |
| ROKU Roku Inc. | Reduce -26.3% | 0.03% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -0.2% | 0.04% | −0.01 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -4.2% | 0.07% | −0.01 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -8.7% | 0.05% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 0.09% | −0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -6.4% | 0.07% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| IQLT iShares MSCI International Q | Add +56.7% | 1.56% | +0.50 |
| IVV iShares Core S&P 500 ETF | Add +2.9% | 14.91% | +0.21 |
| VWO Vanguard Ftse Emerging Marke | Add +4.5% | 2.70% | +0.12 |
| FMDE Fidelity Enhanced Mid Cap Co. | Add +201.0% | 0.17% | +0.11 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +39.2% | 0.32% | +0.09 |
| AAPL Apple Inc. | Add +0.8% | 0.64% | +0.08 |
| AVDE Avantis International Equity | Add +134.8% | 0.14% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.38% | +0.08 |
| FENI Fidelity Enhanced Intl ETF | Add +74.7% | 0.19% | +0.08 |
| VLUE iShares MSCI USA Value Facto | Add +2.7% | 1.85% | +0.07 |
| IJR iShares Core S&P Small-Cap E | Add +2.5% | 3.35% | +0.06 |
| BDYN iShares DYN Act ETF | New | 0.06% | +0.06 |
| MDY State Street SPDR S&P Midcap | Add +28.6% | 0.31% | +0.06 |
| DFIV Dimensional International Va | Add +9.2% | 0.83% | +0.06 |
| IAU iShares Gold Trust | Add +11.4% | 0.27% | +0.04 |
| IEI iShares 3-7 Year Treasury Bo | Add +216.3% | 0.06% | +0.04 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +81.2% | 0.09% | +0.04 |
| BDVL iShares DV Equity Active ETF | New | 0.04% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | Add +6.9% | 0.59% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +5.1% | 1.00% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +5.6% | 2.32% | +0.03 |
| TFC Truist Financial Corp. | Add +469.0% | 0.04% | +0.03 |
| D Dominion Energy Inc. | Add +1140.3% | 0.04% | +0.03 |
| ARTY iShares Future AI & Tech ETF | Add +744.8% | 0.04% | +0.03 |
| IDMO Invesco S&P International DE | Add +130.4% | 0.06% | +0.03 |
| CGDV Cap Group Dividend Value | Add +8.9% | 0.47% | +0.03 |
| CGNG Cap Group New Geography Eq | Add +1392.8% | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +8.9% | 0.09% | +0.03 |
| CGGR Cap Group Growth Equity | Add +9.3% | 0.33% | +0.02 |
| CGMU Cap Group Municipal Income | Add +32.5% | 0.12% | +0.02 |
| SPMO Invesco S&P 500 Momentum ETF | Add +35.3% | 0.09% | +0.02 |
| JCPB JPMorgan Core Plus Bond ETF | Add +50.2% | 0.08% | +0.02 |
| INTU Intuit Inc. | Add +353.8% | 0.03% | +0.02 |
| JMUB JPMorgan Municipal ETF | Add +34.7% | 0.11% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +242.4% | 0.04% | +0.02 |
| DOV Dover Corp. | Add +1153.1% | 0.02% | +0.02 |
| SCHX Schwab US Large-Cap ETF | Add +5.8% | 0.52% | +0.02 |
| FESM Fidelity Enhanced Small Cap | Add +44.1% | 0.06% | +0.02 |
| CARR Carrier Global Corp. | Add +2397.1% | 0.02% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +2.1% | 0.81% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.2% | 2.63% | +0.02 |
| STIP iShares 0-5 Year Tips Bond E | Add +155.2% | 0.03% | +0.02 |
| TREX Trex Company Inc. | Add +21614.7% | 0.02% | +0.02 |
| EFV iShares MSCI Eafe Value ETF | Add +35.4% | 0.08% | +0.02 |
| FISV Fiserv Inc. | Add +111.3% | 0.06% | +0.02 |
| SCHG Schwab US Large-Cap Growth | Add +9.2% | 0.21% | +0.02 |
| HGER Harbor Commodity All Weather | New | 0.02% | +0.02 |
| OEF iShares S&P 100 ETF | Add +22.9% | 0.09% | +0.02 |
| INTF iShares International Equity | Add +8.6% | 0.41% | +0.02 |
| NOW ServiceNow Inc. | Add +60.5% | 0.07% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -20.8% | 57 | $73K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -7.0% | 2,139 | $55K |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +8.0% | 2,160 | $54K |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -93.3% | 33 | $41K |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +8.4% | 297 | $21K |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 300 | $12Kbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +81.4% | 107 | $5K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 70 | $5K |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 111 | $4K |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | New | 57 | $3K |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 29 | $2K |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | New | 12 | $853 |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Reduce -7.1% | 9,212 | $719 |
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | Add +15.0% | 10,993 | $649 |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | Add +0.2% | 4,464 | $85 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 4,060 | $187.2B | IVV, BND, IJH, SCHF, IJR |
| Q1 2026 | 4,088 | $162.4B | IVV, BND, IJH, SCHF, IJR |
| Q4 2025Amended | 3,985 | $158.1B | IVV, BND, IJH, SCHF, IJR |
| Q3 2025 | 3,767 | $150.0B | IVV, BND, IJH, SCHF, IJR |
| Q2 2025 | 3,638 | $137.2B | IVV, BND, IJH, SCHF, IJR |
| Q1 2025 | 3,629 | $122.3B | IVV, BND, SCHF, IJH, IJR |
| Q4 2024 | 3,571 | $118.5B | IVV, BND, IJH, SCHF, IJR |
| Q3 2024 | 3,568 | $112.6B | IVV, BND, IJH, SCHF, IJR |
| Q2 2024 | 3,470 | $101.4B | IVV, BND, IJH, SCHF, IJR |
| Q1 2024 | 3,541 | $97.3B | IVV, BND, IJH, SCHF, IJR |