Novare Capital Management LLC

Name: NOVARE CAPITAL MANAGEMENT LLC 13F holdings, Q2 2025
Creator: NOVARE CAPITAL MANAGEMENT LLC
Published: 2025-07-29

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Novare Capital Management LLC reported 196 stock positions worth $1.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 5.1% of the portfolio, followed by Microsoft (MSFT, 4.9%) and iShares Core S&P 500 ETF (IVV, 3.4%). Compared with Q1 2025, it opened 20 new positions, sold out of 11, added to 86 and reduced 68. The biggest buy was a new position in SS Consumer Disc Select Sect (XLY) and the biggest sale Merck (MRK, shares −39%).

Most Recent 13F: Q2 2026
Location: CHARLOTTE, NC
CIK: 0001388409
Portfolio Value: $1.2B (Q2 2025)
SEC Filing: 0001951757-25-000991 ↗ filed Jul 29, 2025

Holdings Value

Holdings 196 stocks · $1.2B


SPY SS SPDR S&P 500 ETF Trust-US	5.05%	100,573	$62.1M	Reduce -1.4%
MSFT Microsoft Corp.	4.88%	120,568	$60.0M	Add +0.2%
IVV iShares Core S&P 500 ETF	3.45%	68,304	$42.4M	Add +7.9%
AVGO Broadcom Inc.	3.41%	152,029	$41.9M	Reduce -0.3%
AAPL Apple Inc.	3.13%	187,397	$38.4M	Add +8.4%
NVDA Nvidia Corp.	2.81%	218,403	$34.5M	Add +18.4%
WMT Walmart Inc.	2.78%	349,959	$34.2M	Reduce -1.1%
GOOGL Alphabet Inc. Class A	2.51%	175,023	$30.8M	Reduce -0.7%
AMZN Amazon.com Inc.	2.42%	135,478	$29.7M	Add +1.2%
VSLU Applied Finance Valuat ETF	2.34%	733,821	$28.7M	Add +1.4%
EMR Emerson Electric Co.	2.09%	193,228	$25.8M	Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B	2.09%	52,926	$25.7M	Add +0.4%
JPM JPMorgan Chase & Co.	1.89%	80,362	$23.3M	Add +1.3%
ROP Roper Technologies Inc.	1.73%	37,502	$21.3M	Add +1.1%
ACN Accenture PLC Class A	1.63%	67,027	$20.0M	Add +0.5%
VZ Verizon Communications Inc.	1.56%	443,964	$19.2M	Add +0.2%
JNJ Johnson & Johnson	1.51%	121,485	$18.6M	Add +1.2%
UNH Unitedhealth Group Inc.	1.36%	53,507	$16.7M	Add +15.5%
META Meta Platforms Inc. Class A	1.31%	21,777	$16.1M	Add +11.8%
RTX RTX Corp.	1.25%	105,674	$15.4M	Reduce -0.1%
ZTS Zoetis Inc.	1.22%	96,171	$15.0M	Add +0.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	1.18%	159,809	$14.6M	Reduce -4.4%
ABT Abbott Laboratories	1.16%	104,648	$14.2M	Add +0.6%
AMP Ameriprise Financial Inc.	1.14%	26,330	$14.1M	Add +0.4%
CSCO Cisco Systems Inc.	1.14%	202,186	$14.0M	Reduce -0.1%
SYK Stryker Corp.	1.14%	35,444	$14.0M	Reduce -0.3%
HON Honeywell International Inc.	1.11%	58,409	$13.6M	Add +1.0%
XLY SS Consumer Disc Select Sect	1.06%	60,162	$13.1M	New
GSLC Goldman Activebeta US LC ETF	1.06%	107,427	$13.0M	Add +1.3%
AME Ametek Inc.	1.05%	71,478	$12.9M	Add +0.0%
HD Home Depot Inc.	1.04%	34,861	$12.8M	Add +0.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW	1.02%	101,598	$12.5M	Add +1.5%
ICE Intercontinental Exchange Inc.	1.02%	68,092	$12.5M	Add +0.8%
V Visa Inc. Class A	1.01%	35,071	$12.5M	Add +0.7%
ADBE Adobe Inc.	1.01%	32,068	$12.4M	Add +2.1%
TXN Texas Instruments Inc.	0.99%	58,750	$12.2M	Reduce -25.5%
CMI Cummins Inc.	0.99%	37,179	$12.2M	Add +1.0%
AMLP Alerian MLP ETF	0.97%	245,175	$12.0M	Add +1.6%
LHX L3HARRIS Technologies Inc.	0.94%	46,176	$11.6M	Reduce -1.7%
ABBV Abbvie Inc.	0.88%	58,300	$10.8M	Add +2.4%
LOW Lowe's Cos Inc.	0.87%	48,269	$10.7M	Add +2.7%
KVUE Kenvue Inc.	0.82%	480,782	$10.1M	Add +0.8%
TMO Thermo Fisher Scientific Inc.	0.81%	24,496	$9.9M	Add +8.1%
XLF SS Financial Select Sector	0.81%	189,224	$9.9M	Add +26.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.80%	208,846	$9.9M	Reduce -29.0%
MOAT Vaneck Morningstar Wide Moat	0.80%	105,170	$9.9M	Add +1.6%
CSX CSX Corp.	0.80%	299,842	$9.8M	Add +4.8%
MRK Merck & Co. Inc.	0.77%	120,264	$9.5M	Reduce -38.9%
MCHP Microchip Technology Inc.	0.77%	135,044	$9.5M	Add +2.8%
CRM Salesforce Inc.	0.77%	34,618	$9.4M	Add +2.7%
THO Thor Industries Inc.	0.77%	106,012	$9.4M	Add +1.8%
CHRW C.H. Robinson Worldwide Inc.	0.76%	97,196	$9.3M	Add +2.4%
CVX Chevron Corp.	0.72%	61,610	$8.8M	Reduce -3.4%
O Realty Income Corp.	0.71%	152,066	$8.8M	Add +2.3%
IJH iShares Core S&P Midcap ETF	0.70%	139,777	$8.7M	Add +2.2%
IVW iShares S&P 500 Growth ETF	0.70%	78,236	$8.6M	Reduce -6.3%
PEP Pepsico Inc.	0.67%	62,745	$8.3M	Reduce -1.4%
NEE Nextera Energy Inc.	0.66%	117,321	$8.1M	Reduce -0.4%
AMT American Tower Corp.	0.65%	36,296	$8.0M	Reduce -0.2%
XLP SS Consumer Staples Sel Sect	0.65%	98,783	$8.0M	Add +0.9%
QQQ Invesco QQQ Trust Series 1	0.62%	13,877	$7.7M	Reduce -8.7%
CMCSA Comcast Corp. Class A	0.57%	195,236	$7.0M	Reduce -4.6%
XLE SS Energy Select Sector	0.54%	78,036	$6.6M	Reduce -25.9%
KDP Keurig Dr Pepper Inc.	0.39%	144,089	$4.8M	New
XLC SS Comm Select Sector SPDR	0.37%	42,088	$4.6M	Add +105.3%
VCSH Vanguard S/T Corp. Bond ETF	0.37%	57,282	$4.6M	Add +0.3%
XLK SS Technology Select Sector	0.33%	16,159	$4.1M	Add +76.9%
SCHB Schwab US Broad Market ETF	0.33%	169,197	$4.0M	Reduce -2.4%
FDUS Fidus Investment Corp.	0.31%	190,275	$3.8M	Add +0.6%
DLR Digital Realty Trust Inc.	0.30%	20,913	$3.6M	Reduce -9.7%
TSLA Tesla Inc.	0.29%	11,042	$3.5M	Add +5.2%
BSCT Invesco Bulletshares 2029 CB	0.28%	185,446	$3.5M	Add +6.8%
JPST JPMorgan Ultra-Short Income	0.28%	68,148	$3.5M	Add +30.8%
BSCR Invesco Bulletshares 2027 CB	0.28%	174,068	$3.4M	Add +4.5%
CVS CVS Health Corp.	0.28%	49,169	$3.4M	Reduce -9.7%
LLY Eli Lilly & Co.	0.25%	4,000	$3.1M	Add +114.0%
BSCU Invesco Bulletshares 2030 CB	0.24%	177,723	$3.0M	Add +3.2%
BSCS Invesco Bulletshares 2028 CB	0.24%	144,542	$3.0M	Add +0.3%
BSCQ Invesco Bulletshares 2026 CB	0.24%	149,272	$2.9M	Add +0.9%
VFH Vanguard Financials ETF	0.23%	22,322	$2.8M	Reduce -0.4%
BSCP Invesco Bulletshares 2025 CB	0.23%	136,987	$2.8M	Reduce -4.9%
SOXX iShares Semiconductor ETF	0.23%	11,669	$2.8M	Reduce -64.6%
COST Costco Wholesale Corp.	0.22%	2,786	$2.8M	Add +13.2%
CGBD Carlyle Secured Lending Inc.	0.22%	194,680	$2.7M	Add +10.6%
BSCV Invesco Bulletshares 2031 CB	0.20%	152,261	$2.5M	Add +6.1%
MTCH Match Group Inc.	0.19%	76,419	$2.4M	Reduce -45.6%
BKNG Booking Holdings Inc.	0.19%	402	$2.3M	Reduce -2.4%
VDC Vanguard Consumer Staple ETF	0.19%	10,497	$2.3M	Reduce -0.3%
INTU Intuit Inc.	0.17%	2,669	$2.1M	Reduce -3.0%
BSCW Invesco Bulletshares 2032 CB	0.17%	99,242	$2.0M	Add +6.8%
FALN iShares Fallen Angels ETF	0.16%	73,749	$2.0M	Add +4.2%
EEM iShares MSCI Emerging Market	0.16%	41,030	$2.0M	New
TFC Truist Financial Corp.	0.15%	44,057	$1.9M	Reduce -16.2%
VIG Vanguard Dividend Apprec ETF	0.15%	9,143	$1.9M	Reduce -3.3%
VOO Vanguard S&P 500 ETF	0.15%	3,286	$1.9M	No change
SCHX Schwab US Large-Cap ETF	0.15%	73,464	$1.8M	Reduce -5.1%
AMD Advanced Micro Devices	0.13%	11,625	$1.6M	Add +78.0%
PRF Invesco Rafi US 1000 ETF	0.13%	38,976	$1.6M	Reduce -0.8%
BSCX Invesco Bulletshares 2033 CB	0.13%	77,592	$1.6M	Add +19.5%
SCHM Schwab US Mid Cap ETF	0.13%	57,427	$1.6M	Reduce -7.5%
VRT Vertiv Holdings Co. Class A	0.13%	12,290	$1.6M	Add +156.6%
XOM Exxon Mobil Corp.	0.13%	14,499	$1.6M	Add +20.3%
PG The Procter & Gamble Co.	0.13%	9,802	$1.6M	Reduce -2.5%
DUK Duke Energy Corp.	0.12%	12,850	$1.5M	Add +4.0%
WSM Williams-Sonoma Inc.	0.12%	9,195	$1.5M	Reduce -9.1%
BWMN Bowman Consulting Group Ltd.	0.11%	47,307	$1.4M	No change
VYM Vanguard High DVD Yield ETF	0.11%	10,103	$1.3M	Reduce -2.3%
IGV iShares Expanded Tech-Softwa	0.11%	12,075	$1.3M	Reduce -0.6%
ESGV Vanguard ESG US Stock ETF	0.10%	11,355	$1.2M	Add +16.1%
PLTR Palantir Technologies Inc. Class A	0.10%	9,000	$1.2M	Add +68.4%
PANW Palo Alto Networks Inc.	0.09%	5,705	$1.2M	Add +0.6%
KO The Coca-Cola Co.	0.09%	16,231	$1.1M	Reduce -19.0%
AZO AutoZone Inc.	0.09%	309	$1.1M	Add +5.1%
ORCL Oracle Corp.	0.09%	5,113	$1.1M	Reduce -0.1%
SMH Vaneck Semiconductor ETF	0.09%	3,910	$1.1M	Reduce -63.4%
SCHW Schwab (charles) Corp.	0.09%	11,535	$1.1M	Reduce -2.5%
RY Royal Bank of Canada	0.08%	7,837	$1.0M	Reduce -0.9%
VOOG Vanguard S&P 500 Growth ETF	0.08%	2,464	$977K	No change
VCIT Vanguard Int-Term Corporate	0.08%	11,784	$977K	Add +1.6%
T AT&T Inc.	0.08%	33,545	$971K	Add +0.9%
BSCY Invesco Bulletshares 2034 CB	0.08%	45,591	$946K	Add +26.6%
SO The Southern Co.	0.07%	9,803	$900K	Add +46.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.07%	2,793	$823K	Reduce -3.4%
LMT Lockheed Martin Corp.	0.07%	1,766	$818K	Reduce -15.7%
VCEB Vanguard ESG US Corp. Bond	0.07%	12,890	$817K	Add +13.0%
GOOG Alphabet Inc. Class C	0.07%	4,572	$811K	Reduce -4.5%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	0.06%	14,300	$778K	Reduce -29.2%
EAGG iShares ESG Aware US Aggrega	0.06%	15,802	$751K	Add +13.3%
JEPI JPMorgan Equity Premium Inco	0.06%	12,490	$710K	Reduce -3.4%
SUSB iShares ESG Aware 1-5 Year U	0.06%	27,650	$696K	Add +8.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.06%	5,601	$695K	No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.05%	2,320	$662K	Reduce -4.1%
XLRE SS Real Estate Select Sector	0.05%	14,677	$608K	Reduce -3.6%
ATO Atmos Energy Corp.	0.05%	3,900	$601K	Reduce -2.5%
NFLX Netflix Inc.	0.05%	441	$591K	Add +32.4%
QSR Restaurant Brands Intern	0.05%	8,827	$585K	Reduce -87.3%
RSP Invesco S&P 500 Equal Weight	0.04%	2,920	$531K	Reduce -81.0%
ARI Apollo Commercial Real Estat	0.04%	50,750	$491K	Reduce -12.7%
VTI VG Morningstar TS MKT ETF-US	0.04%	1,596	$485K	Reduce -2.6%
GPN Global Payments Inc.	0.04%	5,995	$480K	Reduce -20.3%
WFC Wells Fargo & Co.	0.04%	5,789	$464K	Add +33.6%
SUSL iShares ESG MSCI USA Leaders	0.03%	3,885	$421K	No change
RBRK Rubrik Inc. Class A	0.03%	4,510	$404K	New
IJR iShares Core S&P Small-Cap E	0.03%	3,645	$398K	Reduce -4.5%
ZS Zscaler Inc.	0.03%	1,250	$392K	New
ENVA Enova International Inc.	0.03%	3,500	$390K	No change
TRGP Targa Resources Corp.	0.03%	2,200	$383K	No change
XJH Ishare ESG SS S&P Midcap ETF	0.03%	8,712	$362K	New
FITB Fifth Third Bancorp	0.03%	8,767	$361K	Add +1.1%
CAT Caterpillar Inc.	0.03%	910	$353K	No change
SPG Simon Property Group Inc.	0.03%	2,165	$348K	Add +0.7%
TSM Taiwan Semiconductor-SP ADR	0.03%	1,533	$347K	Add +1.0%
IVZ Invesco Ltd.	0.03%	22,000	$347K	Add +83.3%
TSCO Tractor Supply Company	0.03%	6,492	$343K	New
MCD McDonald's Corp.	0.03%	1,155	$337K	Reduce -2.8%
IWF iShares Russell 1000 Growth	0.03%	786	$334K	Add +6.5%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.03%	4,040	$330K	Add +4.3%
CRWD CrowdStrike Holdings Inc. Class A	0.03%	637	$324K	New
EPD Enterprise Products Partners	0.03%	10,425	$323K	No change
MDY State Street SPDR S&P Midcap	0.02%	541	$306K	Reduce -8.5%
AEP American Electric Power	0.02%	2,948	$306K	Add +0.6%
XLV SS Health Care Select Sector	0.02%	2,241	$302K	No change
DGRW Wisdomtree U.S. Quality Divi	0.02%	3,605	$302K	Reduce -15.3%
EFIV SS SPDR S&P 500 ESG ETF	0.02%	5,093	$298K	New
ET Energy Transfer LP	0.02%	16,433	$298K	No change
UBER Uber Technologies Inc.	0.02%	3,100	$289K	New
RJF Raymond James Financial Inc.	0.02%	1,884	$289K	Add +0.2%
ESGU iShares ESG Aware MSCI USA	0.02%	2,095	$283K	No change
AXP American Express Co.	0.02%	887	$283K	Reduce -20.7%
TW Tradeweb Markets Inc. Class A	0.02%	1,900	$278K	New
ISRG Intuitive Surgical Inc.	0.02%	510	$277K	No change
FTNT Fortinet Inc.	0.02%	2,600	$275K	No change
AMGN Amgen Inc.	0.02%	979	$273K	Add +44.2%
NUBD Nuveen ESG US Aggregate Bond	0.02%	12,072	$269K	New
XLB SS Materials Select Sector	0.02%	3,055	$268K	Reduce -77.0%
MU Micron Technology Inc.	0.02%	2,125	$262K	New
FTV Fortive Corp.	0.02%	4,984	$260K	Reduce -94.6%
VTV Vanguard Mrngstr Val ETF-Aui	0.02%	1,440	$255K	No change
BMY Bristol-Myers Squibb Co.	0.02%	5,405	$250K	Reduce -13.5%
NUE Nucor Corp.	0.02%	1,890	$245K	New
FCX Freeport-McMoran Inc.	0.02%	5,525	$240K	New
ETN Eaton Corp. PLC	0.02%	670	$239K	New
NVO Novo-Nordisk A/S-Spons ADR	0.02%	3,424	$236K	No change
BA The Boeing Co.	0.02%	1,123	$235K	New
ASTS Ast Spacemobile Inc.	0.02%	5,000	$234K	Reduce -66.7%
FBNC First Bancorp	0.02%	5,277	$233K	No change
HSY The Hershey Co.	0.02%	1,395	$232K	No change
BX Blackstone Inc.	0.02%	1,505	$225K	Reduce -8.6%
PEY Invesco High Yield Equity Di	0.02%	10,835	$221K	No change
GLD SPDR Gold Shares	0.02%	708	$216K	No change
ASML ASML Holding NV-NY Reg SHS	0.02%	268	$215K	New
KMB Kimberly-Clark Corp.	0.02%	1,664	$215K	No change
IWB iShares Russell 1000 ETF	0.02%	632	$214K	New
MA Mastercard Inc. Class A	0.02%	368	$207K	Reduce -12.2%
ENB Enbridge Inc.	0.02%	4,417	$200K	New
PDM Piedmont Realty Trust Inc.	0.01%	13,683	$100K	No change

Other holdings (1): bonds, preferreds, convertibles and warrants · $636 (not counted above)

Security	Class	Shares / Principal	Value	Change
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L · principal	524	$636	New

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q1 2025 → Q2 2025


MRK Merck & Co. Inc.	Reduce -38.9%	0.77%	−0.77
FTV Fortive Corp.	Reduce -94.6%	0.02%	−0.57
QSR Restaurant Brands Intern	Reduce -87.3%	0.05%	−0.36
XLE SS Energy Select Sector	Reduce -25.9%	0.54%	−0.32
SOXX iShares Semiconductor ETF	Reduce -64.6%	0.23%	−0.32
BAC Bank of America Corp.	Reduce -29.0%	0.80%	−0.27
TXN Texas Instruments Inc.	Reduce -25.5%	0.99%	−0.25
CVX Chevron Corp.	Reduce -3.4%	0.72%	−0.22
MTCH Match Group Inc.	Reduce -45.6%	0.19%	−0.19
RSP Invesco S&P 500 Equal Weight	Reduce -81.0%	0.04%	−0.19
XLI SS Industrial Select Sector	Sold out	0.00%	−0.17
SPLV Invesco S&P 500 Low Volatili	Sold out	0.00%	−0.16
PEP Pepsico Inc.	Reduce -1.4%	0.67%	−0.16
SMH Vaneck Semiconductor ETF	Reduce -63.4%	0.09%	−0.11
CMCSA Comcast Corp. Class A	Reduce -4.6%	0.57%	−0.09
XLB SS Materials Select Sector	Reduce -77.0%	0.02%	−0.08
NEE Nextera Energy Inc.	Reduce -0.4%	0.66%	−0.07
SAMG Silvercrest Asset Manageme-A	Sold out	0.00%	−0.05
CVS CVS Health Corp.	Reduce -9.7%	0.28%	−0.05
BNY Bank of New York Mellon Corp.	Reduce -4.4%	1.18%	−0.04
AMT American Tower Corp.	Reduce -0.2%	0.65%	−0.04
TFC Truist Financial Corp.	Reduce -16.2%	0.15%	−0.04
C Citigroup Inc.	Sold out	0.00%	−0.04
BABA Alibaba Group Holding-SP ADR	Sold out	0.00%	−0.03
KO The Coca-Cola Co.	Reduce -19.0%	0.09%	−0.03
BSCP Invesco Bulletshares 2025 CB	Reduce -4.9%	0.23%	−0.03
JEPQ JPM Nasdaq Equity Premium	Reduce -29.2%	0.06%	−0.03
COP Conocophillips	Sold out	0.00%	−0.03
EMN Eastman Chemical Co.	Sold out	0.00%	−0.03
UNP Union Pacific Corp.	Sold out	0.00%	−0.03
GPN Global Payments Inc.	Reduce -20.3%	0.04%	−0.03
PG The Procter & Gamble Co.	Reduce -2.5%	0.13%	−0.02
PYPL PayPal Holdings Inc.	Sold out	0.00%	−0.02
BDX Becton Dickinson and Co.	Sold out	0.00%	−0.02
PFE Pfizer Inc.	Sold out	0.00%	−0.02
WSM Williams-Sonoma Inc.	Reduce -9.1%	0.12%	−0.02
SYK Stryker Corp.	Reduce -0.3%	1.14%	−0.02
LMT Lockheed Martin Corp.	Reduce -15.7%	0.07%	−0.02
VDC Vanguard Consumer Staple ETF	Reduce -0.3%	0.19%	−0.01
BMY Bristol-Myers Squibb Co.	Reduce -13.5%	0.02%	−0.01
SCHM Schwab US Mid Cap ETF	Reduce -7.5%	0.13%	−0.01
ASTS Ast Spacemobile Inc.	Reduce -66.7%	0.02%	−0.01
ARI Apollo Commercial Real Estat	Reduce -12.7%	0.04%	−0.01
VIG Vanguard Dividend Apprec ETF	Reduce -3.3%	0.15%	−0.01
VYM Vanguard High DVD Yield ETF	Reduce -2.3%	0.11%	−0.01
JEPI JPMorgan Equity Premium Inco	Reduce -3.4%	0.06%	−0.01
XLRE SS Real Estate Select Sector	Reduce -3.6%	0.05%	−0.01
ATO Atmos Energy Corp.	Reduce -2.5%	0.05%	−0.01
DGRW Wisdomtree U.S. Quality Divi	Reduce -15.3%	0.02%	−0.01
MCD McDonald's Corp.	Reduce -2.8%	0.03%	−0.01

Portfolio Buys Q1 2025 → Q2 2025


XLY SS Consumer Disc Select Sect	New	1.06%	+1.06
NVDA Nvidia Corp.	Add +18.4%	2.81%	+1.06
MSFT Microsoft Corp.	Add +0.2%	4.88%	+0.93
KDP Keurig Dr Pepper Inc.	New	0.39%	+0.39
IVV iShares Core S&P 500 ETF	Add +7.9%	3.45%	+0.34
META Meta Platforms Inc. Class A	Add +11.8%	1.31%	+0.32
EMR Emerson Electric Co.	Add +0.6%	2.09%	+0.25
MCHP Microchip Technology Inc.	Add +2.8%	0.77%	+0.22
XLC SS Comm Select Sector SPDR	Add +105.3%	0.37%	+0.20
JPM JPMorgan Chase & Co.	Add +1.3%	1.89%	+0.19
AMZN Amazon.com Inc.	Add +1.2%	2.42%	+0.19
XLK SS Technology Select Sector	Add +76.9%	0.33%	+0.17
EEM iShares MSCI Emerging Market	New	0.16%	+0.16
XLF SS Financial Select Sector	Add +26.6%	0.81%	+0.15
VSLU Applied Finance Valuat ETF	Add +1.4%	2.34%	+0.12
LLY Eli Lilly & Co.	Add +114.0%	0.25%	+0.12
VRT Vertiv Holdings Co. Class A	Add +156.6%	0.13%	+0.10
AMD Advanced Micro Devices	Add +78.0%	0.13%	+0.08
THO Thor Industries Inc.	Add +1.8%	0.77%	+0.08
PLTR Palantir Technologies Inc. Class A	Add +68.4%	0.10%	+0.06
CSX CSX Corp.	Add +4.8%	0.80%	+0.06
JPST JPMorgan Ultra-Short Income	Add +30.8%	0.28%	+0.05
TSLA Tesla Inc.	Add +5.2%	0.29%	+0.05
GSLC Goldman Activebeta US LC ETF	Add +1.3%	1.06%	+0.04
HON Honeywell International Inc.	Add +1.0%	1.11%	+0.04
RBRK Rubrik Inc. Class A	New	0.03%	+0.03
AMP Ameriprise Financial Inc.	Add +0.4%	1.14%	+0.03
ZS Zscaler Inc.	New	0.03%	+0.03
XJH Ishare ESG SS S&P Midcap ETF	New	0.03%	+0.03
TSCO Tractor Supply Company	New	0.03%	+0.03
CRWD CrowdStrike Holdings Inc. Class A	New	0.03%	+0.03
EFIV SS SPDR S&P 500 ESG ETF	New	0.02%	+0.02
UBER Uber Technologies Inc.	New	0.02%	+0.02
TW Tradeweb Markets Inc. Class A	New	0.02%	+0.02
NUBD Nuveen ESG US Aggregate Bond	New	0.02%	+0.02
MU Micron Technology Inc.	New	0.02%	+0.02
NFLX Netflix Inc.	Add +32.4%	0.05%	+0.02
COST Costco Wholesale Corp.	Add +13.2%	0.22%	+0.02
NUE Nucor Corp.	New	0.02%	+0.02
FCX Freeport-McMoran Inc.	New	0.02%	+0.02
ETN Eaton Corp. PLC	New	0.02%	+0.02
SO The Southern Co.	Add +46.1%	0.07%	+0.02
BA The Boeing Co.	New	0.02%	+0.02
ESGV Vanguard ESG US Stock ETF	Add +16.1%	0.10%	+0.02
ASML ASML Holding NV-NY Reg SHS	New	0.02%	+0.02
IWB iShares Russell 1000 ETF	New	0.02%	+0.02
ENB Enbridge Inc.	New	0.02%	+0.02
BSCX Invesco Bulletshares 2033 CB	Add +19.5%	0.13%	+0.02
BSCY Invesco Bulletshares 2034 CB	Add +26.6%	0.08%	+0.01
IVZ Invesco Ltd.	Add +83.3%	0.03%	+0.01

Notes & Other Activity Q1 2025 → Q2 2025


BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Sold out	529	$653Kbefore exit
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L · principal	New	524	$636

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	209	$1.4B	SPY, AAPL, IVV, GOOGL, XLK
Q1 2026	194	$1.3B	SPY, AAPL, IVV, MSFT, GOOGL
Q4 2025	194	$1.3B	SPY, AAPL, MSFT, GOOGL, IVV
Q3 2025	192	$1.3B	SPY, MSFT, AAPL, IVV, AVGO
Q2 2025	196	$1.2B	SPY, MSFT, IVV, AVGO, AAPL
Q1 2025	187	$1.1B	SPY, MSFT, AAPL, IVV, WMT
Q4 2024	185	$1.2B	SPY, MSFT, AAPL, AVGO, IVV
Q3 2024	190	$1.2B	SPY, MSFT, AAPL, IVV, WMT
Q2 2024	186	$1.1B	SPY, MSFT, AAPL, IVV, GOOGL
Q1 2024	182	$1.1B	SPY, MSFT, AAPL, IVV, GOOGL