NWF Advisory Services Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 3, 2026), NWF Advisory Services Inc. reported 404 stock positions worth $904.7 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 4.6% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.3%) and SS Technology Select Sector (XLK, 4.3%). Compared with Q3 2025, it opened 28 new positions, sold out of 33, added to 132 and reduced 185. The biggest buy was Unitedhealth (UNH, shares +97%) and the biggest sale an exit from SS SPDR P S&P 500 Growth ETF (SPYG).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0002045735
- Portfolio Value
- $904.7M (Q4 2025)
- SEC Filing
- 0002085853-26-000290 ↗ filed Mar 3, 2026
Holdings Value
Holdings 404 stocks · $904.7M
| VOO Vanguard S&P 500 ETF | 4.64% | 66,978 | $42.0M | Reduce -2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.32% | 77,810 | $39.1M | Reduce -1.1% |
| XLK SS Technology Select Sector | 4.30% | 269,988 | $38.9M | Reduce -2.8% |
| AAPL Apple Inc. | 3.93% | 130,927 | $35.6M | Add +1.3% |
| GOOG Alphabet Inc. Class C | 2.84% | 81,742 | $25.7M | Reduce -1.1% |
| SDY SS SPDR S&P Dividend ETF | 2.81% | 182,430 | $25.4M | Reduce -2.0% |
| MU Micron Technology Inc. | 2.74% | 86,983 | $24.8M | Reduce -12.5% |
| IVV iShares Core S&P 500 ETF | 2.07% | 27,280 | $18.7M | Reduce -2.6% |
| COST Costco Wholesale Corp. | 2.05% | 21,517 | $18.6M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 1.93% | 75,639 | $17.5M | Reduce -1.0% |
| NVDA Nvidia Corp. | 1.88% | 91,140 | $17.0M | Add +1.8% |
| BABA Alibaba Group Holding-SP ADR | 1.80% | 111,078 | $16.3M | Reduce -1.9% |
| ITOT iShares Core S&P Total U.S. | 1.80% | 109,403 | $16.3M | Reduce -1.5% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 1.77% | 38,868 | $16.0M | Reduce -2.8% |
| VIG Vanguard Dividend Apprec ETF | 1.66% | 68,274 | $15.0M | Reduce -3.5% |
| AXP American Express Co. | 1.51% | 36,952 | $13.7M | Reduce -0.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.49% | 27,699 | $13.5M | Reduce -2.4% |
| V Visa Inc. Class A | 1.42% | 36,625 | $12.8M | Add +0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.25% | 206,297 | $11.3M | Reduce -8.6% |
| VGT Vanguard Info Tech ETF | 1.22% | 14,663 | $11.1M | Reduce -2.3% |
| C Citigroup Inc. | 1.21% | 93,642 | $10.9M | Reduce -12.5% |
| QQQ Invesco QQQ Trust Series 1 | 1.19% | 17,590 | $10.8M | Add +1.8% |
| GM General Motors Co. | 1.16% | 129,505 | $10.5M | Reduce -7.0% |
| MSFT Microsoft Corp. | 1.09% | 20,394 | $9.9M | Add +6.2% |
| OXY Occidental Petroleum Corp. | 1.02% | 224,990 | $9.3M | Add +7.7% |
| JEPI JPMorgan Equity Premium Inco | 0.94% | 149,220 | $8.5M | Reduce -15.8% |
| UNH Unitedhealth Group Inc. | 0.93% | 25,618 | $8.5M | Add +96.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.92% | 24,726 | $8.3M | Reduce -3.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.87% | 69,463 | $7.9M | Add +6.4% |
| IWM iShares Russell 2000 ETF | 0.87% | 31,843 | $7.8M | Reduce -26.3% |
| WMT Walmart Inc. | 0.86% | 69,920 | $7.8M | Reduce -1.8% |
| HCC Warrior Met Coal Inc. | 0.86% | 87,970 | $7.8M | Add +3.5% |
| YYY Amplify Cef High Income ETF | 0.83% | 650,045 | $7.5M | Add +6.5% |
| AMR Alpha Metallurgical Resource | 0.79% | 35,737 | $7.1M | Reduce -12.7% |
| VT Vanguard Tot World STK ETF | 0.78% | 50,327 | $7.1M | Add +0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.78% | 10,359 | $7.1M | Reduce -12.3% |
| MKL Markel Group Inc. | 0.78% | 3,270 | $7.0M | Add +6.8% |
| GSLC Goldman Activebeta US LC ETF | 0.74% | 50,524 | $6.7M | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 0.66% | 18,537 | $6.0M | Add +7.0% |
| CGMS Cap Group US Multi-Sect Bond | 0.61% | 199,185 | $5.5M | Add +1.0% |
| TSLA Tesla Inc. | 0.59% | 11,882 | $5.3M | Add +0.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.57% | 89,489 | $5.2M | Reduce -7.5% |
| XLP SS Consumer Staples Sel Sect | 0.57% | 66,476 | $5.2M | Reduce -1.7% |
| PLTR Palantir Technologies Inc. Class A | 0.56% | 28,302 | $5.0M | Add +7.2% |
| IDV iShares International Select | 0.55% | 127,213 | $5.0M | Reduce -39.8% |
| CGGR Cap Group Growth Equity | 0.55% | 111,712 | $5.0M | Add +27.4% |
| GLD SPDR Gold Shares | 0.54% | 12,367 | $4.9M | Reduce -26.3% |
| CVX Chevron Corp. | 0.51% | 30,210 | $4.6M | Add +20.6% |
| CGSD Cap Group Short Duration | 0.49% | 169,214 | $4.4M | Reduce -5.8% |
| AVGO Broadcom Inc. | 0.48% | 12,584 | $4.4M | Add +19.6% |
| GOOGL Alphabet Inc. Class A | 0.43% | 12,458 | $3.9M | Reduce -2.3% |
| CB Chubb Ltd. | 0.43% | 12,486 | $3.9M | Add +52.9% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.42% | 110,950 | $3.8M | Reduce -9.1% |
| KO The Coca-Cola Co. | 0.42% | 54,260 | $3.8M | Add +6.8% |
| KYN Kayne Anderson Energy Infra | 0.42% | 306,269 | $3.8M | Reduce -5.6% |
| EFA iShares MSCI Eafe ETF | 0.41% | 38,229 | $3.7M | Add +13.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.40% | 19,140 | $3.7M | Reduce -2.1% |
| META Meta Platforms Inc. Class A | 0.40% | 5,418 | $3.6M | Reduce -1.6% |
| FLDR Fidelity Low Durat Fact ETF | 0.39% | 70,881 | $3.6M | Reduce -8.3% |
| SMH Vaneck Semiconductor ETF | 0.39% | 9,822 | $3.5M | Add +226.9% |
| AMGN Amgen Inc. | 0.35% | 9,630 | $3.2M | Add +68.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.35% | 10,770 | $3.1M | Reduce -1.2% |
| ABBV Abbvie Inc. | 0.34% | 13,661 | $3.1M | Add +5.3% |
| BST BlackRock Science & Tech TR | 0.33% | 72,555 | $2.9M | Reduce -11.8% |
| QYLD Global X Nasd 100 Cov Call | 0.32% | 165,635 | $2.9M | Reduce -34.7% |
| OEF iShares S&P 100 ETF | 0.30% | 7,915 | $2.7M | Reduce -1.6% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.30% | 29,943 | $2.7M | Reduce -3.9% |
| WFC Wells Fargo & Co. | 0.30% | 28,645 | $2.7M | Reduce -21.3% |
| SCHD Schwab US DVD Equity ETF | 0.29% | 96,361 | $2.6M | Reduce -31.4% |
| HGLB Highland Global Allocation | 0.28% | 281,581 | $2.6M | Reduce -3.4% |
| SLV iShares Silver Trust | 0.28% | 39,783 | $2.6M | Reduce -50.5% |
| XYLD Global X S&P 500 Cove Call E | 0.28% | 62,702 | $2.5M | Reduce -15.1% |
| LLY Eli Lilly & Co. | 0.25% | 2,066 | $2.2M | Add +1.6% |
| EIPI FT Energy Income ETF | 0.24% | 108,809 | $2.2M | Add +4.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.23% | 22,964 | $2.1M | Add +1.4% |
| AIQ Global X Art Intel & Tech | 0.23% | 40,254 | $2.0M | Reduce -15.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.22% | 7,957 | $2.0M | Reduce -45.7% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 10,501 | $2.0M | Add +5.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 6,600 | $2.0M | Add +7.1% |
| VHT Vanguard Health Care ETF | 0.22% | 6,940 | $2.0M | Add +3.6% |
| CGMM Cap Group Small and Mid Cap | 0.22% | 67,756 | $2.0M | Add +22.6% |
| HQH Abrdn Healthcare Investors | 0.21% | 102,618 | $1.9M | Reduce -26.2% |
| IYH iShares U.S. Healthcare ETF | 0.21% | 29,815 | $1.9M | Add +0.4% |
| HIX Western Asset High Inc. II | 0.21% | 463,940 | $1.9M | Add +11.0% |
| JNJ Johnson & Johnson | 0.21% | 9,276 | $1.9M | Add +3.8% |
| NOC Northrop Grumman Corp. | 0.21% | 3,351 | $1.9M | No change |
| GRAL Grail Inc. | 0.21% | 22,070 | $1.9M | Add +7.6% |
| XLF SS Financial Select Sector | 0.20% | 33,059 | $1.8M | Add +3.0% |
| IUSV iShares Core S&P U.S. Value | 0.19% | 16,963 | $1.7M | Reduce -3.0% |
| MRK Merck & Co. Inc. | 0.19% | 16,365 | $1.7M | Add +8.3% |
| UTG Reaves Utility Income Fund | 0.19% | 46,809 | $1.7M | Add +17.9% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 0.17% | 44,015 | $1.6M | Add +27.3% |
| VYM Vanguard High DVD Yield ETF | 0.17% | 10,814 | $1.6M | Reduce -3.3% |
| MA Mastercard Inc. Class A | 0.17% | 2,707 | $1.5M | Add +2.9% |
| FAX Abrdn Asia-Pacific Income | 0.17% | 100,648 | $1.5M | Add +3.7% |
| SPGP Invesco S&P 500 Garp ETF | 0.17% | 13,410 | $1.5M | Reduce -1.9% |
| NFLX Netflix Inc. | 0.17% | 16,067 | $1.5M | Reduce -9.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.17% | 1,401 | $1.5M | Reduce -4.3% |
| FEP First Trust Europe | 0.16% | 27,630 | $1.5M | Add +2.7% |
| CGIC Cap Group Intl Core Eq filed as CAPITAL GROUP INTERNATIONAL | 0.16% | 44,917 | $1.5M | Reduce -56.7% |
Options reported separately and not counted above: UNH calls ($70K), BABA calls ($39K), CVX calls ($13K), OXY calls ($11K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $22K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 30,900 | $22K | Add +3.0% |
Total filed on the 13F, all lines: $904.7M.
Portfolio Sells Q3 2025 → Q4 2025
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.52 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.9% | 1.80% | −0.42 |
| IDV iShares International Select | Reduce -39.8% | 0.55% | −0.29 |
| IWM iShares Russell 2000 ETF | Reduce -26.3% | 0.87% | −0.28 |
| ICSH iShares Ultra Short Duration | Reduce -63.2% | 0.16% | −0.27 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.27 |
| FXE Invesco Currencyshares Euro | Sold out | 0.00% | −0.23 |
| IBKR Interactive Brokers Gro Class A | Reduce -61.7% | 0.12% | −0.22 |
| HD Home Depot Inc. | Reduce -61.7% | 0.11% | −0.22 |
| XAWPX Abrdn Global Premier Propert | Sold out | 0.00% | −0.19 |
| CGIC Cap Group Intl Core Eq | Reduce -56.7% | 0.16% | −0.19 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -45.7% | 0.22% | −0.17 |
| JEPI JPMorgan Equity Premium Inco | Reduce -15.8% | 0.94% | −0.17 |
| QYLD Global X Nasd 100 Cov Call | Reduce -34.7% | 0.32% | −0.15 |
| COST Costco Wholesale Corp. | Reduce -0.4% | 2.05% | −0.14 |
| SCHD Schwab US DVD Equity ETF | Reduce -31.4% | 0.29% | −0.13 |
| SGOV iShares 0-3 Month Treasury B | Reduce -59.8% | 0.08% | −0.12 |
| GLD SPDR Gold Shares | Reduce -26.3% | 0.54% | −0.11 |
| SCHV Schwab US Large-Cap Value | Sold out | 0.00% | −0.10 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.09 |
| SLV iShares Silver Trust | Reduce -50.5% | 0.28% | −0.09 |
| CCJ Cameco Corp. | Reduce -44.7% | 0.13% | −0.09 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -34.8% | 0.15% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -12.3% | 0.78% | −0.08 |
| BAUG Innovator U.S. Equity Buffer | Reduce -71.4% | 0.03% | −0.07 |
| NFLX Netflix Inc. | Reduce -9.4% | 0.17% | −0.07 |
| HQH Abrdn Healthcare Investors | Reduce -26.2% | 0.21% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -41.1% | 0.08% | −0.07 |
| SDY SS SPDR S&P Dividend ETF | Reduce -2.0% | 2.81% | −0.06 |
| TEM Tempus AI Inc. Class A | Reduce -37.6% | 0.05% | −0.05 |
| MCN Xai Madison Equity Premium I | Reduce -81.7% | 0.01% | −0.05 |
| CNR Core Natural Resources Inc. | Sold out | 0.00% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -1.6% | 0.40% | −0.05 |
| BST BlackRock Science & Tech TR | Reduce -11.8% | 0.33% | −0.05 |
| QJUN FT Vest Nasdaq-100 Buffer Et | Sold out | 0.00% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -21.3% | 0.30% | −0.04 |
| XYLD Global X S&P 500 Cove Call E | Reduce -15.1% | 0.28% | −0.04 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -7.5% | 0.57% | −0.04 |
| NTSX Wisdomtree US Efficient Core | Sold out | 0.00% | −0.03 |
| XTEAX Tortoise Sust&social Imp Ter | Sold out | 0.00% | −0.03 |
| FLDR Fidelity Low Durat Fact ETF | Reduce -8.3% | 0.39% | −0.03 |
| AIQ Global X Art Intel & Tech | Reduce -15.0% | 0.23% | −0.03 |
| RQI Cohen & Steers Qual Inc. RLTY | Reduce -20.6% | 0.08% | −0.03 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.03 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -16.4% | 0.15% | −0.03 |
| ARCC Ares Capital Corp. | Sold out | 0.00% | −0.03 |
| FJUL FT Vest US Equity Buffer ETF | Sold out | 0.00% | −0.03 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -9.1% | 0.42% | −0.03 |
| JVAL JPMorgan US Value Factor ETF | Sold out | 0.00% | −0.03 |
| MLPX Global X MLP & Energy Infras | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| UNH Unitedhealth Group Inc. | Add +96.9% | 0.93% | +0.44 |
| AAPL Apple Inc. | Add +1.3% | 3.93% | +0.32 |
| SMH Vaneck Semiconductor ETF | Add +226.9% | 0.39% | +0.28 |
| HCC Warrior Met Coal Inc. | Add +3.5% | 0.86% | +0.26 |
| CB Chubb Ltd. | Add +52.9% | 0.43% | +0.18 |
| AMGN Amgen Inc. | Add +68.2% | 0.35% | +0.17 |
| MKL Markel Group Inc. | Add +6.8% | 0.78% | +0.13 |
| CGGR Cap Group Growth Equity | Add +27.4% | 0.55% | +0.13 |
| GEV GE Vernova Inc. | Add +315.8% | 0.16% | +0.12 |
| URA Global X Uranium ETF | New | 0.10% | +0.10 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | New | 0.10% | +0.10 |
| AVGO Broadcom Inc. | Add +19.6% | 0.48% | +0.10 |
| CVX Chevron Corp. | Add +20.6% | 0.51% | +0.08 |
| GRAL Grail Inc. | Add +7.6% | 0.21% | +0.08 |
| LLY Eli Lilly & Co. | Add +1.6% | 0.25% | +0.08 |
| EFA iShares MSCI Eafe ETF | Add +13.4% | 0.41% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +7.0% | 0.66% | +0.06 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.06% | +0.06 |
| V Visa Inc. Class A | Add +0.8% | 1.42% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.8% | 1.19% | +0.06 |
| DIS The Walt Disney Co. | Add +6.4% | 0.87% | +0.05 |
| MRK Merck & Co. Inc. | Add +8.3% | 0.19% | +0.05 |
| IAF Abrdn Australia Equity Fund | New | 0.05% | +0.05 |
| KO The Coca-Cola Co. | Add +6.8% | 0.42% | +0.05 |
| FBND Fidelity Total Bond ETF | Add +109.9% | 0.09% | +0.05 |
| IAU iShares Gold Trust | Add +28.5% | 0.15% | +0.05 |
| NVDA Nvidia Corp. | Add +1.8% | 1.88% | +0.04 |
| MMM 3M Co. | New | 0.04% | +0.04 |
| CGMM Cap Group Small and Mid Cap | Add +22.6% | 0.22% | +0.04 |
| CGBL Cap Group Core Balanced | Add +27.3% | 0.17% | +0.04 |
| BSTZ BlackRock Sci & Tech TRM TR | Add +52.5% | 0.11% | +0.04 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.04% | +0.04 |
| STX Seagate Technology Holdings | New | 0.04% | +0.04 |
| YYY Amplify Cef High Income ETF | Add +6.5% | 0.83% | +0.04 |
| TYG Tortoise Energy Infrastruct | Add +65.3% | 0.10% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +7.1% | 0.22% | +0.03 |
| MPC Marathon Petroleum Corp. | New | 0.03% | +0.03 |
| JNJ Johnson & Johnson | Add +3.8% | 0.21% | +0.03 |
| VHT Vanguard Health Care ETF | Add +3.6% | 0.22% | +0.03 |
| CGCP Cap Group Core Plus Income | New | 0.03% | +0.03 |
| CGIE Cap Group Intl Equity | New | 0.03% | +0.03 |
| VT Vanguard Tot World STK ETF | Add +0.6% | 0.78% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +7.2% | 0.56% | +0.03 |
| UPS United Parcel Service Class B | New | 0.03% | +0.03 |
| CEG Constellation Energy | New | 0.03% | +0.03 |
| TLT iShares 20+ Year Treasury BD | New | 0.03% | +0.03 |
| IEMG iShares Core MSCI Emerging | New | 0.03% | +0.03 |
| GILD Gilead Sciences Inc. | New | 0.02% | +0.02 |
| JMUB JPMorgan Municipal ETF | Add +20.2% | 0.14% | +0.02 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +60.0% | 0.06% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| UNH Unitedhealth Group Inc. | call | Add +800.0% | 9 | $70K |
| BABA Alibaba Group Holding-SP ADR | call | Reduce -69.2% | 8 | $39K |
| OXY Occidental Petroleum Corp. | call | Reduce -48.6% | 18 | $11K |
| AMZN Amazon.com Inc. | call | Sold out | 5 | $3Kbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 2 | $2Kbefore exit |
| BA The Boeing Co. | call | Sold out | 2 | $920before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | Add +3.0% | 30,900 | $22K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 41,811 | $3Kbefore exit |
| RIVERNORTH OPPORTUNI-RT | RIGHT 10/06/2025 | Sold out | 55,875 | $450before 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 |