NWF Advisory Services Inc.

Name: NWF Advisory Services Inc. 13F holdings, Q4 2024
Creator: NWF Advisory Services Inc.
Published: 2025-05-14

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

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed May 14, 2025), NWF Advisory Services Inc. reported 274 stock positions worth $682.3 million. Its top holding was Apple (AAPL) at 6.1% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 5.4%) and Berkshire Hathaway Class B (BRK.B, 5.3%). Compared with Q3 2024, it opened 85 new positions, sold out of 147, added to 96 and reduced 77. The biggest buy was Apple (AAPL, shares +21%) and the biggest sale an exit from Amplify Cef High Income ETF (YYY).

Most Recent 13F: Q2 2026
Location: Los Angeles, CA
CIK: 0002045735
Portfolio Value: $682.3M (Q4 2024)
SEC Filing: 0001667731-25-000641 ↗ filed May 14, 2025

Holdings Value

Holdings 274 stocks · $682.3M


AAPL Apple Inc.	6.08%	165,795	$41.5M	Add +21.4%
VOO Vanguard S&P 500 ETF	5.35%	67,812	$36.5M	Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B	5.33%	80,161	$36.3M	Add +11.0%
XLK SS Technology Select Sector	4.58%	134,457	$31.3M	Add +1.1%
SDY SS SPDR S&P Dividend ETF	3.63%	187,472	$24.8M	Add +1.5%
COST Costco Wholesale Corp.	2.94%	21,919	$20.1M	Add +11.9%
AMZN Amazon.com Inc.	2.79%	86,871	$19.1M	Add +31.0%
GOOG Alphabet Inc. Class C	2.27%	81,438	$15.5M	Add +9.4%
MGK Vngrd Mrgstr MG CP GR ETF-Ui	2.23%	44,337	$15.2M	Add +18.7%
IVV iShares Core S&P 500 ETF	2.18%	25,280	$14.9M	Reduce -7.6%
ITOT iShares Core S&P Total U.S.	1.99%	105,509	$13.6M	Reduce -1.4%
VUG Vanguard Mrngstar GR ETF-Sui	1.97%	32,715	$13.4M	Add +20.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.88%	291,568	$12.8M	Add +5.5%
VIG Vanguard Dividend Apprec ETF	1.88%	65,401	$12.8M	Add +8.3%
JEPI JPMorgan Equity Premium Inco	1.71%	201,360	$11.7M	Add +1.9%
V Visa Inc. Class A	1.71%	36,841	$11.6M	Add +11.0%
C Citigroup Inc.	1.70%	164,515	$11.6M	Add +11.7%
AXP American Express Co.	1.69%	38,799	$11.5M	Add +10.0%
BABA Alibaba Group Holding-SP ADR	1.53%	122,959	$10.4M	Add +22.6%
GM General Motors Co.	1.47%	188,119	$10.0M	Add +12.0%
OXY Occidental Petroleum Corp.	1.44%	197,576	$9.8M	Add +27.9%
QQQ Invesco QQQ Trust Series 1	1.41%	18,784	$9.6M	Reduce -2.6%
NVDA Nvidia Corp.	1.35%	68,752	$9.2M	Reduce -17.6%
VGT Vanguard Info Tech ETF	1.27%	13,957	$8.7M	Add +7.9%
MU Micron Technology Inc.	1.27%	102,902	$8.7M	Add +10.3%
AMR Alpha Metallurgical Resource	1.24%	42,334	$8.5M	Add +36.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO	1.22%	74,301	$8.3M	Add +21.5%
FLDR Fidelity Low Durat Fact ETF	1.21%	164,292	$8.2M	Add +8.1%
MSFT Microsoft Corp.	1.17%	18,870	$8.0M	Add +5.4%
VTI VG Morningstar TS MKT ETF-US	1.11%	26,054	$7.6M	Add +29.2%
WMT Walmart Inc.	1.04%	78,040	$7.1M	Add +13.8%
SPY SS SPDR S&P 500 ETF Trust-US	0.95%	10,984	$6.5M	Add +23.5%
VT Vanguard Tot World STK ETF	0.86%	49,859	$5.9M	Reduce -1.3%
MKL Markel Group Inc.	0.80%	3,158	$5.5M	Add +32.3%
GSLC Goldman Activebeta US LC ETF	0.80%	47,277	$5.4M	Add +2.8%
TSLA Tesla Inc.	0.74%	12,518	$5.1M	Add +48.0%
IWM iShares Russell 2000 ETF	0.74%	22,799	$5.0M	Add +1.5%
XLP SS Consumer Staples Sel Sect	0.73%	63,646	$5.0M	Reduce -0.1%
GLD SPDR Gold Shares	0.65%	18,249	$4.4M	Add +30.3%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	0.62%	74,745	$4.2M	Reduce -16.3%
GOOGL Alphabet Inc. Class A	0.62%	22,286	$4.2M	Add +38.5%
XLE SS Energy Select Sector	0.61%	48,497	$4.2M	Reduce -4.6%
JPM JPMorgan Chase & Co.	0.60%	17,033	$4.1M	Reduce -11.9%
CGGR Cap Group Growth Equity	0.51%	92,872	$3.5M	Add +124.8%
SLV iShares Silver Trust	0.46%	119,663	$3.2M	Add +6.5%
KO The Coca-Cola Co.	0.45%	49,117	$3.1M	Add +32.5%
WFC Wells Fargo & Co.	0.44%	42,819	$3.0M	Reduce -6.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.43%	11,209	$3.0M	Add +0.5%
XLC SS Comm Select Sector SPDR	0.42%	29,389	$2.8M	Reduce -0.5%
TLT iShares 20+ Year Treasury BD	0.37%	29,030	$2.5M	Reduce -20.9%
OEF iShares S&P 100 ETF	0.35%	8,348	$2.4M	Add +3.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.35%	5,611	$2.4M	Reduce -18.4%
VTV Vanguard Mrngstr Val ETF-Aui	0.35%	13,962	$2.4M	Reduce -30.7%
IUSV iShares Core S&P U.S. Value	0.32%	23,261	$2.2M	Add +7.4%
VYMI Vanguard Int High DVD YLD Inc.	0.31%	31,348	$2.1M	Add +0.4%
CVX Chevron Corp.	0.31%	14,416	$2.1M	Add +167.3%
VZ Verizon Communications Inc.	0.29%	49,425	$2.0M	Add +95.5%
META Meta Platforms Inc. Class A	0.29%	3,373	$2.0M	Reduce -17.5%
ABBV Abbvie Inc.	0.29%	10,972	$1.9M	Add +11.9%
SCHB Schwab US Broad Market ETF	0.28%	84,111	$1.9M	New
AMGN Amgen Inc.	0.28%	7,233	$1.9M	Reduce -5.3%
GE General Electric filed as GE AEROSPACE	0.28%	11,280	$1.9M	Add +11.5%
EFA iShares MSCI Eafe ETF	0.27%	24,323	$1.8M	Add +0.6%
SMH Vaneck Semiconductor ETF	0.27%	7,594	$1.8M	Reduce -16.8%
SPTM SS SPDR P S&P 1500 Comp ETF	0.27%	25,622	$1.8M	New
ARKW ARK Next Generation Technolo	0.26%	16,626	$1.8M	Reduce -13.6%
IDV iShares International Select	0.25%	62,310	$1.7M	Add +0.2%
NFLX Netflix Inc.	0.25%	1,888	$1.7M	Add +28.9%
NOC Northrop Grumman Corp.	0.24%	3,422	$1.6M	Add +2.2%
XOM Exxon Mobil Corp.	0.23%	14,738	$1.6M	Add +6.0%
FTHI Fthi/First Trust Exchange-TR	0.23%	68,068	$1.6M	New
IYH iShares U.S. Healthcare ETF	0.23%	27,153	$1.6M	Add +7.4%
VHT Vanguard Health Care ETF	0.22%	5,919	$1.5M	Add +13.5%
JMUB JPMorgan Municipal ETF	0.22%	29,584	$1.5M	Reduce -23.7%
HD Home Depot Inc.	0.22%	3,809	$1.5M	Add +30.4%
XLF SS Financial Select Sector	0.19%	26,475	$1.3M	Reduce -60.6%
JAAA Janus Henderson Aaa Clo ETF	0.17%	23,256	$1.2M	Add +98.8%
GSIE Goldman Sachs Activebeta Int	0.17%	35,275	$1.2M	Add +1.0%
ABT Abbott Laboratories	0.17%	10,319	$1.2M	Reduce -6.5%
ASML ASML Holding NV-NY Reg SHS	0.17%	1,628	$1.1M	Add +46.0%
PFE Pfizer Inc.	0.17%	42,488	$1.1M	Reduce -0.2%
VDE Vanguard Energy ETF	0.16%	8,835	$1.1M	Add +5.9%
DELL Dell Technologies -C	0.16%	9,250	$1.1M	Add +384.8%
PG The Procter & Gamble Co.	0.16%	6,344	$1.1M	Add +73.9%
IFRA iShares US Infrastructure	0.15%	22,788	$1.1M	Add +9.7%
XNEAX Nuveen Amt-FR QLTY Muni Inc.	0.15%	92,822	$1.0M	New
SBUX Starbucks Corp.	0.15%	11,378	$1.0M	Add +165.3%
PWZ Invesco California Amt-Free	0.15%	40,658	$1.0M	Add +75.6%
MA Mastercard Inc. Class A	0.14%	1,810	$953K	Add +33.8%
IYY iShares Dow Jones U.S. ETF	0.14%	6,482	$928K	Reduce -0.7%
JNJ Johnson & Johnson	0.14%	6,409	$927K	Reduce -2.5%
CL Colgate-Palmolive Co.	0.13%	10,076	$916K	Add +114.1%
CRM Salesforce Inc.	0.13%	2,684	$899K	New
VNQ Vanguard Real Estate ETF	0.13%	9,924	$884K	Reduce -15.2%
USMV iShares MSCI USA Min Vol Fac	0.13%	9,798	$870K	Reduce -39.3%
MRK Merck & Co. Inc.	0.13%	8,574	$860K	Reduce -38.1%
PEP Pepsico Inc.	0.12%	5,503	$844K	Reduce -14.4%
IJR iShares Core S&P Small-Cap E	0.12%	7,041	$811K	Reduce -2.3%
XLI SS Industrial Select Sector	0.12%	5,975	$787K	Reduce -69.9%
QUAL iShares MSCI USA Quality Fac	0.11%	4,341	$773K	Add +76.7%
BLK BlackRock Inc.	0.11%	752	$770K	New
CW Curtiss-Wright Corp.	0.11%	2,161	$767K	Add +0.3%
AVUV Avantis US Small Cap Value	0.11%	7,586	$732K	Reduce -43.2%
PFFA Virtus Infracap US Pref STCK	0.11%	32,865	$720K	Add +84.9%
HON Honeywell International Inc.	0.10%	3,090	$698K	Reduce -16.9%
EEM iShares MSCI Emerging Market	0.10%	16,485	$689K	Reduce -7.3%
MINT PIMCO Enhanced Short Maturit	0.10%	6,738	$679K	Add +41.4%
PEY Invesco High Yield Equity Di	0.10%	31,907	$678K	No change
KNG FT Vest S&P 500 DVD Arst TRG	0.10%	13,298	$668K	Reduce -47.8%
OBDC Blue Owl Capital Corp.	0.10%	42,561	$659K	Add +26.1%
LLY Eli Lilly & Co.	0.10%	843	$651K	Reduce -52.8%
DUK Duke Energy Corp.	0.09%	5,967	$643K	New
LDUR PIMCO Enhanced Low Duration	0.09%	6,607	$630K	Reduce -31.1%
ANET Arista Networks Inc.	0.09%	5,652	$625K	New
AMD Advanced Micro Devices	0.09%	5,002	$604K	Add +26.5%
PARAA Paramount Global Class B	0.09%	56,920	$598K	Reduce -83.5%
QYLD Global X Nasd 100 Cov Call	0.09%	32,217	$598K	Reduce -87.1%
BX Blackstone Inc.	0.08%	3,332	$575K	Add +146.1%
NAC Nuveen Ca QLTY Muni Inc.	0.08%	50,359	$569K	New
VB Vanguard Most SM-Cap ETF-Usd	0.08%	2,322	$558K	Reduce -19.5%
IWF iShares Russell 1000 Growth	0.08%	1,385	$556K	Reduce -4.5%
TDY Teledyne Technologies Inc.	0.08%	1,160	$538K	No change
VCV Invesco Ca Val Muni Inc. TR	0.08%	49,094	$537K	New
EFX Equifax Inc.	0.08%	2,087	$532K	No change
VDC Vanguard Consumer Staple ETF	0.08%	2,503	$529K	Add +25.8%
XNCMX Nuveen Ca Amt-FR Muni Inc.	0.08%	41,753	$528K	New
NEAR iShares SH Dba ETF Usd Inc.	0.08%	10,416	$526K	New
IJH iShares Core S&P Midcap ETF	0.08%	8,376	$522K	Add +137.9%
NEE Nextera Energy Inc.	0.08%	7,280	$522K	Reduce -12.8%
UPS United Parcel Service Class B	0.08%	4,137	$522K	Add +68.9%
LOW Lowe's Cos Inc.	0.08%	2,113	$521K	Reduce -9.8%
CSCO Cisco Systems Inc.	0.08%	8,742	$518K	Reduce -8.6%
RQI Cohen & Steers Qual Inc. RLTY	0.08%	42,014	$514K	Reduce -33.4%
RITM Rithm Capital Corp.	0.08%	46,300	$513K	New
HCC Warrior Met Coal Inc.	0.08%	9,450	$513K	New
SHV iShares 0-1 Year Treasury Bo	0.07%	4,626	$509K	New
PULS Pgim Ultra Short Bond ETF	0.07%	10,127	$504K	New
AVGO Broadcom Inc.	0.07%	2,175	$504K	Reduce -29.3%
MO Altria Group Inc.	0.07%	9,423	$502K	Add +110.2%
T AT&T Inc.	0.07%	21,995	$501K	Add +36.9%
VRIG Invesco Variable Rate Invest	0.07%	19,908	$500K	New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.07%	2,254	$495K	Add +26.0%
P Everpure Inc. Class A filed as PURE STORAGE INC	0.07%	7,816	$480K	No change
TRV The Travelers Cos Inc.	0.07%	1,982	$477K	New
PDO PIMCO Dynamic Income Opport	0.07%	34,674	$475K	Add +70.6%
EVN Eaton Vance Muni Inc. TR	0.07%	45,887	$464K	New
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED	0.07%	14,790	$462K	New
CRWD CrowdStrike Holdings Inc. Class A	0.07%	1,345	$460K	New
GSY Invesco Ultra Short Duration	0.07%	9,134	$458K	New
BA The Boeing Co.	0.07%	2,583	$457K	Add +17.8%
FDHY Fidelity Enh Hi YLD ETF	0.07%	9,379	$455K	Add +0.3%
SYK Stryker Corp.	0.07%	1,257	$454K	Add +6.8%
RKLB Rocket Lab USA Inc.	0.07%	17,625	$449K	New
HDV iShares Core High Dividend E	0.07%	3,950	$443K	Add +26.4%
SHOP Shopify Inc. Class A	0.06%	4,136	$440K	New
SRE Sempra	0.06%	4,904	$433K	Reduce -2.9%
BIZD Vaneck BDC Income ETF	0.06%	25,984	$432K	New
DVA Davita Inc.	0.06%	2,835	$424K	No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.06%	3,597	$423K	New
PTY PIMCO Corporate & Income Opp	0.06%	28,728	$416K	Reduce -26.7%
IAU iShares Gold Trust	0.06%	8,325	$412K	Add +53.3%
ESGU iShares ESG Aware MSCI USA	0.06%	3,192	$411K	Add +16.1%
ENB Enbridge Inc.	0.06%	9,598	$407K	Add +79.7%
ICSH iShares Ultra Short Duration	0.06%	8,053	$406K	New
IEFA iShares Core MSCI Eafe ETF	0.06%	5,750	$404K	New
BUFR FT Vest Lad Buffervetf-Usd I	0.06%	13,047	$398K	Reduce -85.3%
SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC	0.06%	7,000	$397K	No change
ARCC Ares Capital Corp.	0.06%	18,105	$396K	Add +49.3%
KWEB Kranesh Csi China Internet	0.06%	13,510	$395K	Reduce -6.9%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE	0.06%	11,203	$395K	New
EPD Enterprise Products Partners	0.06%	12,569	$394K	New
ETN Eaton Corp. PLC	0.06%	1,173	$389K	Add +41.3%
XLY SS Consumer Disc Select Sect	0.06%	1,697	$381K	Reduce -26.2%
FTSM First Trust Enh Short Mat FD	0.06%	6,369	$381K	New
MELI MercadoLibre Inc.	0.06%	221	$376K	New
ET Energy Transfer LP	0.06%	19,155	$375K	New
AMAT Applied Materials Inc.	0.05%	2,302	$374K	New
ORCL Oracle Corp.	0.05%	2,235	$372K	Reduce -8.2%
JPST JPMorgan Ultra-Short Income	0.05%	7,318	$370K	New
COFS Choiceone Financial SVCS Inc.	0.05%	10,316	$368K	No change
RVT Royce Small-Cap Trust Inc.	0.05%	23,054	$364K	Reduce -66.0%
FDX FedEx Corp.	0.05%	1,260	$356K	New
UNH Unitedhealth Group Inc.	0.05%	704	$356K	Reduce -34.5%
PAXS PIMCO Access Income Fund	0.05%	23,011	$354K	Add +79.2%
LMT Lockheed Martin Corp.	0.05%	724	$352K	Reduce -17.9%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.05%	1,762	$349K	Reduce -16.4%
BND Vanguard Total Bond Market	0.05%	4,811	$346K	New
PDI PIMCO Dynamic Income Fund	0.05%	18,275	$339K	Add +13.1%
VEA Vanguard Ftse Developed ETF	0.05%	6,928	$331K	Reduce -24.3%
PM Philip Morris International	0.05%	2,720	$331K	Reduce -18.6%
KMPR Kemper Corp.	0.05%	4,944	$328K	No change
MDY State Street SPDR S&P Midcap	0.05%	561	$321K	Reduce -0.2%
COWZ Pacer US Cash Cows 100 ETF	0.05%	5,641	$320K	New
SPYM Ste STR SPDR PT S&P 500 ETF	0.05%	4,604	$317K	New
IVW iShares S&P 500 Growth ETF	0.05%	3,070	$312K	Add +8.1%
LULU Lululemon Athletica Inc.	0.05%	812	$311K	New
XLV SS Health Care Select Sector	0.04%	2,224	$306K	Reduce -54.5%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	0.04%	3,827	$301K	New
KLAC KLA Corp.	0.04%	470	$296K	New
TIP iShares Tips Bond ETF	0.04%	2,770	$295K	Reduce -0.3%
CVNA Carvana Co.	0.04%	1,450	$295K	No change
IWD iShares Russell 1000 Value E	0.04%	1,575	$291K	Reduce -6.0%
PLTR Palantir Technologies Inc. Class A	0.04%	3,748	$283K	Reduce -69.7%
CMI Cummins Inc.	0.04%	810	$282K	New
PFLD Aam Low Dur Pref & Inc. Sec	0.04%	13,185	$273K	New
VCR Vanguard Consumer Discre ETF	0.04%	723	$271K	No change
NLY Annaly Capital Management Inc.	0.04%	13,964	$269K	Add +20.7%
NOBL Proshares S&P 500 Dividend A	0.04%	2,686	$267K	Reduce -16.5%
MCD McDonald's Corp.	0.04%	912	$264K	New
IWP iShares Russell Mid-Cap Grow	0.04%	2,085	$264K	Reduce -34.6%
WPM Wheaton Precious Metals Corp.	0.04%	4,686	$264K	New
USRT iShares Core US REIT ETF	0.04%	4,598	$264K	No change
NKE Nike Inc. Class B	0.04%	3,438	$261K	New
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.04%	2,147	$259K	New
ITW Illinois Tool Works	0.04%	999	$255K	New
MPC Marathon Petroleum Corp.	0.04%	1,812	$253K	New
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET	0.04%	7,154	$250K	Add +19.9%
VWO Vanguard Ftse Emerging Marke	0.04%	5,664	$249K	New
ITA iShares U.S. Aerospace & Def	0.04%	1,699	$247K	Add +3.7%
IUSG iShares Core S&P U.S. Growth	0.04%	1,772	$247K	New
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.04%	906	$244K	New
CB Chubb Ltd.	0.04%	880	$244K	New
FJUN FT Vest US Equity Buff ETF-J	0.04%	4,730	$243K	Reduce -1.6%
TMO Thermo Fisher Scientific Inc.	0.04%	466	$243K	Add +26.3%
ESML iShares ESG Aware MSCI USA S	0.04%	5,731	$241K	New
FSCO FS Credit Opportunities Corp.	0.03%	34,704	$237K	Add +234.7%
MMM 3M Co.	0.03%	1,810	$234K	New
STZ Constellation Brands Inc. Class A	0.03%	1,051	$232K	Add +34.1%
FDEC FT Vest U.S. Equity Buffer E	0.03%	5,205	$232K	New
RDVI FT Vest Rising Dividend Achi	0.03%	9,527	$231K	New
FDN First Trust DJ Internet Ind	0.03%	947	$230K	New
AWK American Water Works Co. Inc.	0.03%	1,849	$230K	New
MDLZ Mondelez International Inc. Class A	0.03%	3,815	$230K	Reduce -9.1%
CRS Carpenter Technology	0.03%	1,350	$229K	New
VGK Vanguard Ftse Europe ETF	0.03%	3,588	$228K	New
ORLY O'reilly Automotive Inc.	0.03%	189	$224K	New
JVAL JPMorgan US Value Factor ETF	0.03%	5,177	$224K	No change
FSEP FT Vest U.S. Equity Buffer E	0.03%	4,870	$223K	New
FOCT FT Vest U.S. Equity Buffer E	0.03%	5,200	$222K	New
VFH Vanguard Financials ETF	0.03%	1,872	$221K	No change
ISRG Intuitive Surgical Inc.	0.03%	423	$221K	New
SILA Sila Realty Trust Inc.	0.03%	9,055	$220K	New
FSK FS KKR Capital Corp.	0.03%	10,114	$220K	Reduce -61.6%
AFL Aflac Inc.	0.03%	2,114	$219K	Reduce -26.7%
CMF iShares California Muni Bond	0.03%	3,807	$218K	New
FJUL FT Vest US Equity Buffer ETF	0.03%	4,450	$218K	Reduce -31.8%
COP Conocophillips	0.03%	2,191	$217K	New
IJJ iShares S&P Mid-Cap 400 Valu	0.03%	1,736	$217K	No change
SIRI Sirius XM Holdings Inc.	0.03%	9,378	$214K	New
FFEB FT Vest US Equity Buffer ETF	0.03%	4,254	$212K	Reduce -5.7%
SHY iShares 1-3 Year Treasury Bo	0.03%	2,556	$210K	New
RMT Royce Micro-Cap Trust Inc.	0.03%	21,379	$208K	Reduce -76.7%
GILD Gilead Sciences Inc.	0.03%	2,235	$206K	New
CDC Victoryshares US Eq Income E	0.03%	3,264	$204K	New
FAPR FT Vest U.S. Equity Buffer E	0.03%	4,940	$204K	New
RDVY First Trust Rising Dividend	0.03%	3,427	$203K	New
FMAY FT Vest US Equity Buffer ETF	0.03%	4,245	$201K	Reduce -3.3%
LOOP Loop Industries Inc.	0.03%	167,616	$201K	No change
PECO Phillips Edison & Company Inc.	0.03%	5,340	$201K	New
JFR Nuveen Floating Rate Income	0.02%	17,943	$160K	Reduce -22.3%
DSL Doubleline Income Solutions	0.02%	11,514	$145K	Reduce -50.9%
F Ford Motor Co. filed as FORD MTR CO	0.02%	13,968	$138K	Reduce -63.1%
FBRT Franklin BSP Realty Trust Inc.	0.02%	10,175	$131K	New
FGB First Trust Special Financ	0.02%	31,050	$131K	Reduce -45.1%
MUC BlackRock Munihold Ca QLTY	0.02%	11,730	$125K	New
ABSI Absci Corp.	0.01%	26,800	$70K	New
OXFORD LANE CAP CORP	0.01%	11,529	$58K	New
MTA Metalla Royalty & Streaming	0.01%	20,952	$53K	New
FEMY Femasys Inc.	0.01%	47,055	$52K	No change
LCID Lucid Group Inc.	0.01%	12,000	$36K	New
XNROX Neu Re Est Sec Inc. FD Inc.-US filed as NEUBERGER BERMAN REAL ESTATE	0.01%	10,000	$36K	Reduce -93.9%
GGB Gerdau SA -Spon ADR	0.01%	12,300	$35K	New
BTG B2GOLD Corp.	0.00%	10,200	$25K	New
SENSEI BIOTHERAPEUTICS INC	0.00%	16,514	$8K	New

Options reported separately and not counted above: BABA calls ($136K), DIS calls ($100K), OXY calls ($74K), CVX calls ($72K), KWEB calls ($53K), AMZN calls ($22K), GOOG calls ($19K), PARAA calls ($5K).

Portfolio Sells Q3 2024 → Q4 2024


YYY Amplify Cef High Income ETF	Sold out	0.00%	−0.79
QYLD Global X Nasd 100 Cov Call	Reduce -87.1%	0.09%	−0.57
KYN Kayne Anderson Energy Infra	Sold out	0.00%	−0.45
PARAA Paramount Global Class B	Reduce -83.5%	0.09%	−0.44
XYLD Global X S&P 500 Cove Call E	Sold out	0.00%	−0.43
SPGP Invesco S&P 500 Garp ETF	Sold out	0.00%	−0.39
BST BlackRock Science & Tech TR	Sold out	0.00%	−0.37
BUFR FT Vest Lad Buffervetf-Usd I	Reduce -85.3%	0.06%	−0.33
XAWPX Abrdn Global Premier Propert	Sold out	0.00%	−0.29
XLI SS Industrial Select Sector	Reduce -69.9%	0.12%	−0.28
XLF SS Financial Select Sector	Reduce -60.6%	0.19%	−0.26
CBRE GBL REAL ESTATE INC FD	Sold out	0.00%	−0.24
HES Hess Corp.	Sold out	0.00%	−0.23
VAW Vanguard Materials ETF	Sold out	0.00%	−0.22
BHK BlackRock Core Bond Trust	Sold out	0.00%	−0.22
DJIA Global X Dow 30 Cov Call ETF	Sold out	0.00%	−0.22
HGLB Highland Global Allocation	Sold out	0.00%	−0.21
HQH Abrdn Healthcare Investors	Sold out	0.00%	−0.20
WIW Western Asst Infl-LNK Opp	Sold out	0.00%	−0.20
XEVVX Eaton Vance Ltd. Durat Inc.	Sold out	0.00%	−0.18
RSP Invesco S&P 500 Equal Weight	Sold out	0.00%	−0.18
RYLD Global X Russell 2000 Cov Class	Sold out	0.00%	−0.17
UTF Cohen & Steers Infrastructur	Sold out	0.00%	−0.17
HFRO Highland Opport & Income	Sold out	0.00%	−0.17
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -30.7%	0.35%	−0.17
ACP Abrdn Income Credit Strat	Sold out	0.00%	−0.16
MCN Xai Madison Equity Premium I	Sold out	0.00%	−0.16
TLT iShares 20+ Year Treasury BD	Reduce -20.9%	0.37%	−0.15
SCHV Schwab US Large-Cap Value	Sold out	0.00%	−0.15
SCHG Schwab US Large-Cap Growth	Sold out	0.00%	−0.14
LLY Eli Lilly & Co.	Reduce -52.8%	0.10%	−0.13
EOD Allspring Global Dividend Op	Sold out	0.00%	−0.13
AVK Advent Convert & Income	Sold out	0.00%	−0.13
SCHD Schwab US DVD Equity ETF	Sold out	0.00%	−0.13
NVDA Nvidia Corp.	Reduce -17.6%	1.35%	−0.12
IVV iShares Core S&P 500 ETF	Reduce -7.6%	2.18%	−0.12
IWB iShares Russell 1000 ETF	Sold out	0.00%	−0.11
RIV Rivernorth Opportunities	Sold out	0.00%	−0.11
XAODX Abrdn Total Dynamic Dividend	Sold out	0.00%	−0.11
KNG FT Vest S&P 500 DVD Arst TRG	Reduce -47.8%	0.10%	−0.10
MRK Merck & Co. Inc.	Reduce -38.1%	0.13%	−0.10
CSQ Calamos Strat TTL RTRN FND	Sold out	0.00%	−0.10
RVT Royce Small-Cap Trust Inc.	Reduce -66.0%	0.05%	−0.10
XIAEX Voya Asia Pac Hi DVD Eq Inc.	Sold out	0.00%	−0.10
XETYX Eaton Vance Tax-MGD Div Eqty	Sold out	0.00%	−0.10
RMT Royce Micro-Cap Trust Inc.	Reduce -76.7%	0.03%	−0.10
CFA Victoryshares US 500 Volatil	Sold out	0.00%	−0.10
XFOFX Cohen & Steers Closed-End Op	Sold out	0.00%	−0.09
XNROX Neu Re Est Sec Inc. FD Inc.-US	Reduce -93.9%	0.01%	−0.09
TIPZ PIMCO Broad US Tips Index	Sold out	0.00%	−0.09

Portfolio Buys Q3 2024 → Q4 2024


AAPL Apple Inc.	Add +21.4%	6.08%	+1.45
AMZN Amazon.com Inc.	Add +31.0%	2.79%	+1.00
BRK.B Berkshire Hathaway Inc. Class B	Add +11.0%	5.33%	+0.49
MGK Vngrd Mrgstr MG CP GR ETF-Ui	Add +18.7%	2.23%	+0.48
GOOG Alphabet Inc. Class C	Add +9.4%	2.27%	+0.46
VUG Vanguard Mrngstar GR ETF-Sui	Add +20.7%	1.97%	+0.45
TSLA Tesla Inc.	Add +48.0%	0.74%	+0.42
COST Costco Wholesale Corp.	Add +11.9%	2.94%	+0.42
V Visa Inc. Class A	Add +11.0%	1.71%	+0.38
GM General Motors Co.	Add +12.0%	1.47%	+0.37
DIS The Walt Disney Co.	Add +21.5%	1.22%	+0.36
C Citigroup Inc.	Add +11.7%	1.70%	+0.36
CGGR Cap Group Growth Equity	Add +124.8%	0.51%	+0.30
AXP American Express Co.	Add +10.0%	1.69%	+0.30
BAC Bank of America Corp.	Add +5.5%	1.88%	+0.28
SCHB Schwab US Broad Market ETF	New	0.28%	+0.28
OXY Occidental Petroleum Corp.	Add +27.9%	1.44%	+0.28
VTI VG Morningstar TS MKT ETF-US	Add +29.2%	1.11%	+0.28
SPTM SS SPDR P S&P 1500 Comp ETF	New	0.27%	+0.27
MKL Markel Group Inc.	Add +32.3%	0.80%	+0.25
FTHI Fthi/First Trust Exchange-TR	New	0.23%	+0.23
GOOGL Alphabet Inc. Class A	Add +38.5%	0.62%	+0.23
WMT Walmart Inc.	Add +13.8%	1.04%	+0.23
XLK SS Technology Select Sector	Add +1.1%	4.58%	+0.21
SPY SS SPDR S&P 500 ETF Trust-US	Add +23.5%	0.95%	+0.20
CVX Chevron Corp.	Add +167.3%	0.31%	+0.19
VOO Vanguard S&P 500 ETF	Add +0.6%	5.35%	+0.18
AMR Alpha Metallurgical Resource	Add +36.3%	1.24%	+0.17
VGT Vanguard Info Tech ETF	Add +7.9%	1.27%	+0.17
XNEAX Nuveen Amt-FR QLTY Muni Inc.	New	0.15%	+0.15
GLD SPDR Gold Shares	Add +30.3%	0.65%	+0.15
VIG Vanguard Dividend Apprec ETF	Add +8.3%	1.88%	+0.14
CRM Salesforce Inc.	New	0.13%	+0.13
VZ Verizon Communications Inc.	Add +95.5%	0.29%	+0.12
DELL Dell Technologies -C	Add +384.8%	0.16%	+0.12
BLK BlackRock Inc.	New	0.11%	+0.11
FLDR Fidelity Low Durat Fact ETF	Add +8.1%	1.21%	+0.10
NFLX Netflix Inc.	Add +28.9%	0.25%	+0.10
DUK Duke Energy Corp.	New	0.09%	+0.09
ANET Arista Networks Inc.	New	0.09%	+0.09
SBUX Starbucks Corp.	Add +165.3%	0.15%	+0.09
JAAA Janus Henderson Aaa Clo ETF	Add +98.8%	0.17%	+0.09
NAC Nuveen Ca QLTY Muni Inc.	New	0.08%	+0.08
VCV Invesco Ca Val Muni Inc. TR	New	0.08%	+0.08
XNCMX Nuveen Ca Amt-FR Muni Inc.	New	0.08%	+0.08
NEAR iShares SH Dba ETF Usd Inc.	New	0.08%	+0.08
RITM Rithm Capital Corp.	New	0.08%	+0.08
HCC Warrior Met Coal Inc.	New	0.08%	+0.08
SHV iShares 0-1 Year Treasury Bo	New	0.07%	+0.07
PULS Pgim Ultra Short Bond ETF	New	0.07%	+0.07

Options Activity Q3 2024 → Q4 2024


BABA Alibaba Group Holding-SP ADR	call	Reduce -27.3%	1,600	$136K
OXY Occidental Petroleum Corp.	call	New	1,500	$74K
CVX Chevron Corp.	call	New	500	$72K
KWEB Kranesh Csi China Internet	call	New	1,800	$53K
AMR Alpha Metallurgical Resource	call	Sold out	400	$19Kbefore exit
GOOG Alphabet Inc. Class C	call	New	100	$19K
GOOGL Alphabet Inc. Class A	call	Sold out	100	$8Kbefore exit
PARAA Paramount Global Class B	call	Reduce -37.5%	500	$5K

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

Notes & Other Activity Q3 2024 → Q4 2024


BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Sold out	184	$234Kbefore exit
SLDPW Decarbonization Plus -CW23	*W EXP 12/08/202	Sold out	31,600	$3Kbefore exit

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	450	$1.1B	MU, XLK, VOO, BRK.B, AAPL
Q1 2026	406	$885.5M	VOO, BRK.B, XLK, AAPL, SDY
Q4 2025	404	$904.7M	VOO, BRK.B, XLK, AAPL, GOOG
Q3 2025	409	$911.0M	VOO, BRK.B, XLK, AAPL, SDY
Q2 2025	412	$838.2M	VOO, BRK.B, XLK, AAPL, SDY
Q1 2025	356	$711.9M	BRK.B, VOO, AAPL, XLK, SDY
Q4 2024	274	$682.3M	AAPL, VOO, BRK.B, XLK, SDY
Q3 2024	336	$687.4M	VOO, BRK.B, AAPL, XLK, SDY
Q2 2024	314	$628.2M	VOO, AAPL, BRK.B, XLK, SDY
Q1 2024	324	$598.3M	VOO, BRK.B, XLK, SDY, AAPL