NWF Advisory Services Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed October 6, 2025), NWF Advisory Services Inc. reported 324 stock positions worth $598.3 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 5.3% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.9%) and SS Technology Select Sector (XLK, 4.2%). Compared with Q4 2023, it opened 45 new positions, sold out of 14, added to 154 and reduced 65. The biggest buy was Vngrd Mrgstr MG CP GR ETF-Ui (MGK, shares +313%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0002045735
Portfolio Value
$598.3M (Q1 2024)
SEC Filing
0002085853-25-000015 ↗ filed Oct 6, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $598.3M $598.3M Q1 2024 Q2 2024: $628.2M Q2 2024 Q3 2024: $687.4M Q3 2024 Q4 2024: $682.3M Q4 2024 Q1 2025: $711.9M Q1 2025 Q2 2025: $838.2M Q2 2025 Q3 2025: $911.0M Q3 2025 Q4 2025: $904.7M Q4 2025 Q1 2026: $885.5M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 324 stocks · $598.3M
VOO Vanguard S&P 500 ETF 5.30% 65,982 $31.7M Add +6.3%
BRK.B Berkshire Hathaway Inc. Class B 4.87% 69,282 $29.1M Add +2.4%
XLK SS Technology Select Sector 4.25% 122,047 $25.4M Add +5.7%
SDY SS SPDR S&P Dividend ETF 3.94% 179,631 $23.6M Add +1.5%
AAPL Apple Inc. 3.88% 135,450 $23.2M Reduce -1.4%
COST Costco Wholesale Corp. 2.40% 19,599 $14.4M Add +0.1%
IVV iShares Core S&P 500 ETF 2.24% 25,469 $13.4M Add +7.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.16% 341,185 $12.9M Add +0.9%
AMZN Amazon.com Inc. 2.14% 71,092 $12.8M Add +6.3%
MU Micron Technology Inc. 2.04% 103,305 $12.2M Reduce -7.8%
GOOG Alphabet Inc. Class C 1.89% 74,199 $11.3M Add +4.4%
ITOT iShares Core S&P Total U.S. 1.81% 93,957 $10.8M Add +8.0%
JEPI JPMorgan Equity Premium Inco 1.67% 172,408 $10.0M Reduce -25.0%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 1.61% 33,681 $9.7M Add +312.9%
VIG Vanguard Dividend Apprec ETF 1.61% 52,634 $9.6M Add +99.6%
C Citigroup Inc. 1.60% 151,130 $9.6M Add +1.5%
V Visa Inc. Class A 1.56% 33,514 $9.4M Add +0.5%
VUG Vanguard Mrngstar GR ETF-Sui 1.54% 26,719 $9.2M Reduce -1.2%
AXP American Express Co. 1.36% 35,710 $8.1M Add +0.2%
QQQ Invesco QQQ Trust Series 1 1.34% 18,044 $8.0M Add +18.6%
GM General Motors Co. 1.33% 175,571 $8.0M Add +0.4%
FLDR Fidelity Low Durat Fact ETF 1.21% 145,253 $7.3M Add +116.0%
MSFT Microsoft Corp. 1.18% 16,760 $7.1M Add +38.3%
VGT Vanguard Info Tech ETF 1.11% 12,656 $6.6M Add +7.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.11% 54,111 $6.6M Reduce -0.6%
OXY Occidental Petroleum Corp. 1.07% 98,967 $6.4M Add +30.7%
PARAA Paramount Global Class B 1.02% 518,489 $6.1M Add +26.1%
BABA Alibaba Group Holding-SP ADR 1.01% 83,872 $6.1M Add +35.3%
VT Vanguard Tot World STK ETF 0.92% 50,028 $5.5M Add +4.8%
VTI VG Morningstar TS MKT ETF-US 0.87% 20,046 $5.2M Add +29.6%
JPM JPMorgan Chase & Co. 0.81% 24,104 $4.8M Reduce -9.8%
IWM iShares Russell 2000 ETF 0.80% 22,848 $4.8M Add +248.1%
QYLD Global X Nasd 100 Cov Call 0.76% 254,517 $4.6M Add +1.9%
NVDA Nvidia Corp. 0.76% 5,026 $4.5M Reduce -14.7%
GSLC Goldman Activebeta US LC ETF 0.74% 42,380 $4.4M Add +2.0%
WMT Walmart Inc. 0.72% 71,428 $4.3M Reduce -0.1%
YYY Amplify Cef High Income ETF 0.68% 335,865 $4.1M Add +20.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.67% 7,647 $4.0M Reduce -22.2%
WFC Wells Fargo & Co. 0.66% 68,441 $4.0M Reduce -17.7%
XLP SS Consumer Staples Sel Sect 0.63% 49,690 $3.8M Add +9.6%
XLE SS Energy Select Sector 0.62% 39,333 $3.7M Add +888.3%
MKL Markel Group Inc. 0.54% 2,138 $3.3M Add +40.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.54% 19,971 $3.3M Add +55.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.49% 11,814 $3.0M Add +3.8%
XYLD Global X S&P 500 Cove Call E 0.49% 71,867 $2.9M Add +3.3%
EFA iShares MSCI Eafe ETF 0.47% 34,840 $2.8M Add +3.0%
SPGP Invesco S&P 500 Garp ETF 0.46% 25,572 $2.7M New
KYN Kayne Anderson Energy Infra 0.45% 266,745 $2.7M Add +9.3%
CALF PCR US SM CP CSH CWS ETF-Usd 0.45% 54,200 $2.7M Add +4.1%
BST BlackRock Science & Tech TR 0.44% 71,600 $2.6M Reduce -4.5%
TLT iShares 20+ Year Treasury BD 0.44% 27,891 $2.6M Add +128.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.42% 6,251 $2.5M Add +38.1%
GOOGL Alphabet Inc. Class A 0.41% 16,428 $2.5M Add +12.9%
BUFR FT Vest Lad Buffervetf-Usd I 0.41% 87,926 $2.5M Add +5.7%
VYMI Vanguard Int High DVD YLD Inc. 0.38% 32,635 $2.2M No change
KO The Coca-Cola Co. 0.37% 36,435 $2.2M Reduce -5.0%
JMUB JPMorgan Municipal ETF 0.37% 43,139 $2.2M Add +22.3%
AMGN Amgen Inc. 0.36% 7,652 $2.2M Add +14.1%
IDV iShares International Select 0.34% 73,085 $2.0M Add +0.3%
DJIA Global X Dow 30 Cov Call ETF 0.32% 83,050 $1.9M Reduce -3.1%
SLV iShares Silver Trust 0.30% 79,612 $1.8M Add +7.1%
OEF iShares S&P 100 ETF 0.30% 7,245 $1.8M Reduce -2.6%
SMH Vaneck Semiconductor ETF 0.30% 7,897 $1.8M Add +11.3%
XAWPX Abrdn Global Premier Propert 0.29% 438,394 $1.7M Add +4.4%
NOC Northrop Grumman Corp. 0.29% 3,624 $1.7M Add +7.6%
GLD SPDR Gold Shares 0.28% 8,084 $1.7M Add +13.1%
ARKW ARK Next Generation Technolo 0.28% 19,882 $1.7M Add +12.8%
TSLA Tesla Inc. 0.28% 9,364 $1.6M Add +8.4%
HGLB Highland Global Allocation 0.27% 213,581 $1.6M Reduce -5.9%
MRK Merck & Co. Inc. 0.27% 12,147 $1.6M Add +2.4%
XOM Exxon Mobil Corp. 0.27% 13,739 $1.6M Add +35.8%
ABBV Abbvie Inc. 0.27% 8,708 $1.6M Add +0.4%
XEVVX Eaton Vance Ltd. Durat Inc. 0.25% 156,150 $1.5M Reduce -1.1%
CVI CVR Energy Inc. 0.25% 41,646 $1.5M New
HES Hess Corp. 0.25% 9,653 $1.5M New
KWEB Kranesh Csi China Internet 0.25% 55,914 $1.5M Add +33.1%
META Meta Platforms Inc. Class A 0.24% 2,959 $1.4M Add +29.8%
CBRE GBL REAL ESTATE INC FD 0.24% 266,100 $1.4M Add +0.9%
IYH iShares U.S. Healthcare ETF 0.24% 23,090 $1.4M Add +1.3%
USMV iShares MSCI USA Min Vol Fac 0.24% 16,930 $1.4M Reduce -0.9%
IUSV iShares Core S&P U.S. Value 0.24% 15,617 $1.4M Reduce -3.5%
SJNK SS SPDR BB St Hi Yield ETF 0.23% 54,445 $1.4M Reduce -27.8%
KNG FT Vest S&P 500 DVD Arst TRG 0.23% 25,450 $1.4M Add +56.9%
MCN Xai Madison Equity Premium I filed as MADISON COVERED CALL & EQUIT 0.23% 185,200 $1.4M Reduce -1.1%
PFE Pfizer Inc. 0.22% 46,565 $1.3M Add +14.2%
LEN Lennar Corp. Class A 0.21% 7,449 $1.3M New
STLA Stellantis NV 0.21% 44,244 $1.3M Reduce -22.5%
IJR iShares Core S&P Small-Cap E 0.21% 11,152 $1.2M Add +28.7%
RSP Invesco S&P 500 Equal Weight 0.20% 7,232 $1.2M Add +32.2%
ABT Abbott Laboratories 0.20% 10,591 $1.2M Add +1.9%
XLF SS Financial Select Sector 0.20% 28,243 $1.2M Reduce -6.7%
RYLD Global X Russell 2000 Cov Class 0.20% 69,356 $1.2M Add +10.3%
HD Home Depot Inc. 0.19% 3,015 $1.2M Add +2.2%
GSIE Goldman Sachs Activebeta Int 0.19% 33,619 $1.2M Add +10.1%
PEP Pepsico Inc. 0.19% 6,462 $1.1M Add +5.8%
UTF Cohen & Steers Infrastructur 0.18% 45,886 $1.1M No change
HQH Abrdn Healthcare Investors 0.18% 64,134 $1.1M Add +11.7%
RVT Royce Small-Cap Trust Inc. 0.18% 70,070 $1.1M Add +7.1%
VB Vanguard Most SM-Cap ETF-Usd 0.18% 4,580 $1.0M Add +14.7%
VZ Verizon Communications Inc. 0.17% 24,785 $1.0M Add +36.8%

Show all 324 holdings

Options reported separately and not counted above: DIS calls ($67K), C calls ($38K), BABA calls ($24K), AMR calls ($24K), GM calls ($20K), GOOGL calls ($20K), PARAA calls ($10K), AMZN calls ($9K), KWEB calls ($4K), CTSO calls ($125).

Other holdings (2): bonds, preferreds, convertibles and warrants · $237K (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 184$220KNew
SLDPW Decarbonization Plus -CW23 *W EXP 12/08/202 83,406$17KAdd +47.4%

Total filed on the 13F, all lines: $598.5M.

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -1.4% 3.88% −1.38
JEPI JPMorgan Equity Premium Inco Reduce -25.0% 1.67% −0.85
FBND Fidelity Total Bond ETF Sold out 0.00% −0.68
SPY SS SPDR S&P 500 ETF Trust-US Reduce -22.2% 0.67% −0.26
CCJ Cameco Corp. Sold out 0.00% −0.25
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.23
TIP iShares Tips Bond ETF Reduce -65.7% 0.08% −0.19
WFC Wells Fargo & Co. Reduce -17.7% 0.66% −0.15
AEHR Aehr Test Systems Sold out 0.00% −0.15
SJNK SS SPDR BB St Hi Yield ETF Reduce -27.8% 0.23% −0.15
GCOW Pacer Global Cash Cows Divid Sold out 0.00% −0.14
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.2% 1.54% −0.14
FSK FS KKR Capital Corp. Reduce -35.4% 0.11% −0.10
JPM JPMorgan Chase & Co. Reduce -9.8% 0.81% −0.10
HGLB Highland Global Allocation Reduce -5.9% 0.27% −0.08
KO The Coca-Cola Co. Reduce -5.0% 0.37% −0.08
VTR Ventas Inc. Sold out 0.00% −0.07
EOS Eaton Vance Enh Eqt Inc. II Sold out 0.00% −0.06
BST BlackRock Science & Tech TR Reduce -4.5% 0.44% −0.06
DJIA Global X Dow 30 Cov Call ETF Reduce -3.1% 0.32% −0.06
STLA Stellantis NV Reduce -22.5% 0.21% −0.06
BHP BHP Group Ltd.-Spon ADR Sold out 0.00% −0.06
MCN Xai Madison Equity Premium I Reduce -1.1% 0.23% −0.05
LDUR PIMCO Enhanced Low Duration Reduce -10.8% 0.16% −0.05
MAYW Alianzim US Eq BFR20 May-Usd Reduce -31.6% 0.07% −0.05
ACP Abrdn Income Credit Strat Reduce -7.5% 0.17% −0.05
XEVVX Eaton Vance Ltd. Durat Inc. Reduce -1.1% 0.25% −0.05
RTX RTX Corp. Sold out 0.00% −0.04
NEE Nextera Energy Inc. Reduce -28.2% 0.08% −0.04
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.04
MCD McDonald's Corp. Sold out 0.00% −0.04
HQL Abrdn Life Sciences Investor Sold out 0.00% −0.04
IUSV iShares Core S&P U.S. Value Reduce -3.5% 0.24% −0.04
PDO PIMCO Dynamic Income Opport Reduce -34.4% 0.05% −0.03
HON Honeywell International Inc. Reduce -2.6% 0.13% −0.03
PBR Petroleo Brasileiro-Spon ADR Sold out 0.00% −0.03
OEF iShares S&P 100 ETF Reduce -2.6% 0.30% −0.03
EEM iShares MSCI Emerging Market Reduce -1.2% 0.17% −0.03
WMT Walmart Inc. Reduce -0.1% 0.72% −0.03
USMV iShares MSCI USA Min Vol Fac Reduce -0.9% 0.24% −0.03
XLF SS Financial Select Sector Reduce -6.7% 0.20% −0.03
TLH iShares 10-20 Year Treasury Reduce -30.9% 0.03% −0.03
RMT Royce Micro-Cap Trust Inc. Reduce -1.0% 0.14% −0.02
NMAI Nuveen Multi-Asset Income Reduce -12.4% 0.07% −0.02
CERS Cerus Corp. Sold out 0.00% −0.02
XAODX Abrdn Total Dynamic Dividend Reduce -2.8% 0.11% −0.02
XSEP FT Vest U.S. Equity Enhance Reduce -28.4% 0.04% −0.02
SCHV Schwab US Large-Cap Value Reduce -4.1% 0.15% −0.02
UPS United Parcel Service Class B Reduce -6.4% 0.06% −0.02
GGN Gamco GLBL Gold NTRL Res Inc. Reduce -8.8% 0.07% −0.02

Portfolio Buys Q4 2023 → Q1 2024
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +312.9% 1.61% +1.19
VIG Vanguard Dividend Apprec ETF Add +99.6% 1.61% +0.71
XLE SS Energy Select Sector Add +888.3% 0.62% +0.55
FLDR Fidelity Low Durat Fact ETF Add +116.0% 1.21% +0.55
IWM iShares Russell 2000 ETF Add +248.1% 0.80% +0.54
SPGP Invesco S&P 500 Garp ETF New 0.46% +0.46
MSFT Microsoft Corp. Add +38.3% 1.18% +0.27
CVI CVR Energy Inc. New 0.25% +0.25
HES Hess Corp. New 0.25% +0.25
LEN Lennar Corp. Class A New 0.21% +0.21
TLT iShares 20+ Year Treasury BD Add +128.1% 0.44% +0.20
OXY Occidental Petroleum Corp. Add +30.7% 1.07% +0.17
VTV Vanguard Mrngstr Val ETF-Aui Add +55.8% 0.54% +0.16
AVUV Avantis US Small Cap Value New 0.15% +0.15
VTI VG Morningstar TS MKT ETF-US Add +29.6% 0.87% +0.14
AMZN Amazon.com Inc. Add +6.3% 2.14% +0.12
MKL Markel Group Inc. Add +40.0% 0.54% +0.11
IWB iShares Russell 1000 ETF New 0.11% +0.11
PEY Invesco High Yield Equity Di New 0.11% +0.11
JEPQ JPM Nasdaq Equity Premium Add +203.4% 0.17% +0.11
TIPZ PIMCO Broad US Tips Index New 0.10% +0.10
QQQ Invesco QQQ Trust Series 1 Add +18.6% 1.34% +0.10
NTSX Wisdomtree US Efficient Core New 0.09% +0.09
GM General Motors Co. Add +0.4% 1.33% +0.08
SPIP SS SPDR P Tips ETF New 0.08% +0.08
META Meta Platforms Inc. Class A Add +29.8% 0.24% +0.08
DIA SS SPDR Dow Jones Indus Avg Add +38.1% 0.42% +0.08
C Citigroup Inc. Add +1.5% 1.60% +0.07
IAF Abrdn Australia Equity FD Inc. New 0.07% +0.07
BRK.B Berkshire Hathaway Inc. Class B Add +2.4% 4.87% +0.07
SGI Somnigroup International Inc. New 0.07% +0.07
XOM Exxon Mobil Corp. Add +35.8% 0.27% +0.07
PFF iShares Preferred & Income S New 0.06% +0.06
KNG FT Vest S&P 500 DVD Arst TRG Add +56.9% 0.23% +0.06
BABA Alibaba Group Holding-SP ADR Add +35.3% 1.01% +0.06
MDY State Street SPDR S&P Midcap New 0.06% +0.06
STZ Constellation Brands Inc. Class A New 0.05% +0.05
VEA Vanguard Ftse Developed ETF New 0.05% +0.05
VDC Vanguard Consumer Staple ETF New 0.05% +0.05
IWD iShares Russell 1000 Value E New 0.05% +0.05
SMH Vaneck Semiconductor ETF Add +11.3% 0.30% +0.05
SNOW Snowflake Inc. New 0.05% +0.05
BHK BlackRock Core Bond Trust Add +71.7% 0.16% +0.05
KHC The Kraft Heinz Co. New 0.05% +0.05
XLI SS Industrial Select Sector Add +75.0% 0.12% +0.04
FTCS First Trust Capital Strength New 0.04% +0.04
PSEP Innovator U.S. Equity Power New 0.04% +0.04
VDE Vanguard Energy ETF Add +48.6% 0.15% +0.04
DVN Devon Energy Corp. Add +64.0% 0.12% +0.04
IWY iShares Russell Top 200 Grow New 0.04% +0.04

Options Activity Q4 2023 → Q1 2024
BABA Alibaba Group Holding-SP ADR call Add +70.0% 1,700 $24K
GM General Motors Co. call Reduce -30.4% 1,600 $20K
PARAA Paramount Global Class B call Add +15.0% 4,600 $10K
CTSO Cytosorbents Corp. call New 2,500 $125

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

Notes & Other Activity Q4 2023 → Q1 2024
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L New 184 $220K
SLDPW Decarbonization Plus -CW23 *W EXP 12/08/202 Add +47.4% 83,406 $17K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 450$1.1BMU, XLK, VOO, BRK.B, AAPL
Q1 2026 406$885.5MVOO, BRK.B, XLK, AAPL, SDY
Q4 2025 404$904.7MVOO, BRK.B, XLK, AAPL, GOOG
Q3 2025 409$911.0MVOO, BRK.B, XLK, AAPL, SDY
Q2 2025 412$838.2MVOO, BRK.B, XLK, AAPL, SDY
Q1 2025 356$711.9MBRK.B, VOO, AAPL, XLK, SDY
Q4 2024 274$682.3MAAPL, VOO, BRK.B, XLK, SDY
Q3 2024 336$687.4MVOO, BRK.B, AAPL, XLK, SDY
Q2 2024 314$628.2MVOO, AAPL, BRK.B, XLK, SDY
Q1 2024 324$598.3MVOO, BRK.B, XLK, SDY, AAPL