Orgel Wealth Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 7, 2026), Orgel Wealth Management, LLC reported 92 stock positions worth $4.5 billion. Its top holding was iShares MSCI USA Quality Fac (QUAL) at 13.4% of the portfolio, followed by Vanguard Short-Term Treasury (VGSH, 10.5%) and SS SPDR P S&P 500 Growth ETF (SPYG, 8.7%). Compared with Q3 2025, it opened 6 new positions, sold out of 2, added to 41 and reduced 31. The biggest buy was Vanguard Short-Term Treasury (VGSH, shares +7%) and the biggest sale SS SPDR P S&P 500 Growth ETF (SPYG, shares −4%).

Most Recent 13F
Q2 2026
Location
ALTOONA, WI
CIK
0001658535
Portfolio Value
$4.5B (Q4 2025)
SEC Filing
0001658535-26-000001 ↗ filed Jan 7, 2026

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $3.6B Q1 2024 Q2 2024: $3.7B Q2 2024 Q3 2024: $4.0B Q3 2024 Q4 2024: $3.8B Q4 2024 Q1 2025: $3.8B Q1 2025 Q2 2025: $4.2B Q2 2025 Q3 2025: $4.4B Q3 2025 Q4 2025: $4.5B $4.5B Q4 2025 Q1 2026: $4.6B Q1 2026 Q2 2026: $5.3B Q2 2026

Holdings 92 stocks · $4.5B
QUAL iShares MSCI USA Quality Fac 13.37% 3,050,553 $605.9M Add +1.5%
VGSH Vanguard Short-Term Treasury 10.47% 8,078,817 $474.5M Add +7.3%
SPYG SS SPDR P S&P 500 Growth ETF 8.69% 3,690,972 $393.8M Reduce -3.6%
IVV iShares Core S&P 500 ETF 8.42% 557,287 $381.7M Add +1.8%
MUB iShares National Muni Bond E 6.18% 2,615,919 $280.2M Add +1.8%
PMBS PIMCO MBS Active ETF 5.19% 4,730,002 $235.1M Add +5.4%
VYMI Vanguard Int High DVD YLD Inc. 4.97% 2,502,221 $225.2M Reduce -1.1%
SCHF Schwab Intl Equity ETF 4.74% 8,932,214 $214.7M Add +1.9%
VTEB Vanguard Tax-Exempt Bond ETF 3.95% 3,556,836 $178.9M Add +11.2%
MTUM iShares MSCI USA Momentum Fa 3.74% 676,461 $169.3M Add +1.9%
MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E 3.40% 6,325,741 $153.9M Add +3.6%
VOE Vngrd Mrngstr MD-Cap Val ETF 3.32% 847,200 $150.3M Add +3.3%
PFFD Global X US Preferred ETF 3.07% 7,370,268 $139.4M Add +4.9%
SCHX Schwab US Large-Cap ETF 2.78% 4,679,398 $125.9M Reduce -0.3%
BND Vanguard Total Bond Market 2.56% 1,565,416 $116.0M Add +4.9%
VIOO Vanguard S&P Small-Cap 600 E 2.53% 1,035,330 $114.9M Add +2.2%
FLQM Franklin U.S. Mid Cap Multif 1.88% 1,510,839 $85.0M Add +7.6%
FQAL Fidelity Quality Factor ETF 1.52% 909,586 $68.8M Reduce -2.4%
SCHE Schwab Emrg Mrkts Eqty ETF 1.45% 2,002,676 $65.6M Add +1.7%
IEFA iShares Core MSCI Eafe ETF 1.43% 723,576 $64.7M Reduce -0.3%
VOT Vngrd Mrngstr MC GRW ETF-Usd 1.33% 215,245 $60.1M Reduce -1.9%
SPHQ Invesco S&P 500 Quality ETF 0.67% 402,733 $30.2M Reduce -5.4%
IMCV iShares Morningstar Mid-Cap 0.65% 358,216 $29.5M Reduce -0.6%
IMCG iShares Morningstar Mid-Cap 0.51% 291,237 $23.3M Add +0.3%
IEMG iShares Core MSCI Emerging 0.47% 320,235 $21.5M Reduce -4.2%
ESGV Vanguard ESG US Stock ETF 0.34% 127,889 $15.5M Reduce 0.0%
SCHD Schwab US DVD Equity ETF 0.21% 349,405 $9.6M Reduce -11.7%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.21% 203,722 $9.5M Reduce -0.4%
VB Vanguard Most SM-Cap ETF-Usd 0.19% 34,183 $8.8M Reduce -7.0%
SCHG Schwab US Large-Cap Growth 0.15% 205,856 $6.7M Add +8.4%
SCHA Schwab US Small-Cap ETF 0.13% 202,769 $5.8M Reduce -0.4%
VSGX Vanguard ESG Intl Stock ETF 0.12% 78,735 $5.6M Reduce -3.6%
ESGD iShares Trust iShares ESG Aw 0.12% 57,918 $5.5M Reduce -0.1%
OWNS CCM Affordable Hous MBS ETF 0.11% 287,779 $5.0M Add +1.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 6,263 $4.3M Reduce -0.6%
VOO Vanguard S&P 500 ETF 0.08% 6,089 $3.8M Add +0.9%
EFA iShares MSCI Eafe ETF 0.07% 34,420 $3.3M Add +0.1%
MSFT Microsoft Corp. 0.06% 5,197 $2.5M Add +6.0%
JSML Janus Hender SM Cap GRW Alph 0.05% 31,869 $2.3M Reduce -24.3%
AAPL Apple Inc. 0.05% 7,893 $2.1M Add +9.1%
VTI VG Morningstar TS MKT ETF-US 0.05% 6,117 $2.1M Add +1.2%
SUSL iShares ESG MSCI USA Leaders 0.04% 13,742 $1.7M Reduce -1.5%
IWM iShares Russell 2000 ETF 0.04% 6,484 $1.6M Reduce -1.1%
EMXC iShares MSCI Emr MRK Ex Chna 0.03% 19,739 $1.4M Reduce -0.8%
IWR iShares Russell Mid-Cap ETF 0.03% 14,593 $1.4M Reduce -6.1%
IWF iShares Russell 1000 Growth 0.03% 2,859 $1.4M Add +4.8%
GLD SPDR Gold Shares 0.03% 3,341 $1.3M No change
FAST Fastenal Co. 0.03% 32,890 $1.3M New
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 2,450 $1.2M Add +5.7%
AGG iShares Core U.S. Aggregate 0.03% 11,934 $1.2M Add +40.2%
ITOT iShares Core S&P Total U.S. 0.02% 7,065 $1.1M No change
VIG Vanguard Dividend Apprec ETF 0.02% 4,724 $1.0M Add +5.3%
MDY State Street SPDR S&P Midcap 0.02% 1,614 $974K Reduce -1.3%
HDEF Xtrackers MSCI Eafe High Div 0.02% 29,459 $913K Reduce -4.4%
FDMO Fidelity Momentum Factor ETF 0.02% 8,961 $752K Reduce -1.6%
PHYS Sprott Physical Gold Trust 0.01% 20,000 $660K No change
AMZN Amazon.com Inc. 0.01% 2,859 $660K Add +13.9%
SUB iShares Short-Term National 0.01% 6,039 $644K Add +2.7%
IWD iShares Russell 1000 Value E 0.01% 2,964 $623K Reduce -0.3%
META Meta Platforms Inc. Class A 0.01% 938 $619K Add +5.9%
SPYM Ste STR SPDR PT S&P 500 ETF 0.01% 6,966 $559K Add +13.2%
SMH Vaneck Semiconductor ETF 0.01% 1,509 $543K New
PGR Progressive Corp. 0.01% 2,385 $543K Add +1.8%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 1,276 $527K New
QQQM Invesco Nasdaq 100 ETF 0.01% 2,067 $523K New
VEU Vanguard Ftse All-World Ex-U 0.01% 6,592 $485K No change
MA Mastercard Inc. Class A 0.01% 836 $477K Add +4.4%
RSP Invesco S&P 500 Equal Weight 0.01% 2,465 $472K New
FSV Firstservice Corp. 0.01% 2,865 $446K No change
IWO iShares Russell 2000 Growth 0.01% 1,334 $431K Reduce -0.5%
VXF Vanguard Extended Market ETF 0.01% 1,993 $417K No change
IJR iShares Core S&P Small-Cap E 0.01% 3,452 $415K Reduce -5.5%
JPM JPMorgan Chase & Co. 0.01% 1,273 $410K Add +14.2%
JEPI JPMorgan Equity Premium Inco 0.01% 7,061 $404K Add +19.8%
CTAS Cintas Corp. 0.01% 2,000 $376K No change
IWB iShares Russell 1000 ETF 0.01% 923 $345K Reduce -68.3%
CAT Caterpillar Inc. 0.01% 601 $344K Add +18.8%
INTF iShares International Equity 0.01% 8,762 $331K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.01% 5,153 $299K Add +16.9%
QEFA STSR SPD MSC Eaf Stgfs-US Inc. 0.01% 3,283 $298K No change
VWO Vanguard Ftse Emerging Marke 0.01% 5,464 $294K Add +0.6%
DFUV Dimensional US Marketwide Va 0.01% 6,283 $293K No change
JNJ Johnson & Johnson 0.01% 1,322 $274K No change
IWP iShares Russell Mid-Cap Grow 0.01% 1,978 $271K Reduce -3.6%
SCHY Schwab International DVD ETF 0.01% 8,806 $263K Add +15.6%
HD Home Depot Inc. 0.01% 748 $257K Add +37.3%
NDAQ Nasdaq Inc. 0.01% 2,623 $255K Add +4.7%
ITW Illinois Tool Works 0.01% 1,000 $246K No change
BRK.B Berkshire Hathaway Inc. Class B 0.01% 477 $240K No change
QQQ Invesco QQQ Trust Series 1 0.00% 365 $224K Reduce -4.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 1,137 $217K New
PEP Pepsico Inc. 0.00% 1,500 $215K No change

Portfolio Sells Q3 2025 → Q4 2025
SPYG SS SPDR P S&P 500 Growth ETF Reduce -3.6% 8.69% −0.44
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -1.9% 1.33% −0.15
FQAL Fidelity Quality Factor ETF Reduce -2.4% 1.52% −0.07
SPHQ Invesco S&P 500 Quality ETF Reduce -5.4% 0.67% −0.05
SCHX Schwab US Large-Cap ETF Reduce -0.3% 2.78% −0.04
SCHD Schwab US DVD Equity ETF Reduce -11.7% 0.21% −0.04
IEMG iShares Core MSCI Emerging Reduce -4.2% 0.47% −0.03
JSML Janus Hender SM Cap GRW Alph Reduce -24.3% 0.05% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -7.0% 0.19% −0.02
IEFA iShares Core MSCI Eafe ETF Reduce -0.3% 1.43% −0.02
IWB iShares Russell 1000 ETF Reduce -68.3% 0.01% −0.02
IMCV iShares Morningstar Mid-Cap Reduce -0.6% 0.65% −0.01
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -0.4% 0.21% −0.01
AVUV Avantis US Small Cap Value Sold out 0.00% −0.01
URI United Rentals Inc. Sold out 0.00% −0.01
VSGX Vanguard ESG Intl Stock ETF Reduce -3.6% 0.12% −0.00
ESGV Vanguard ESG US Stock ETF Reduce 0.0% 0.34% −0.00
IWR iShares Russell Mid-Cap ETF Reduce -6.1% 0.03% −0.00
SCHA Schwab US Small-Cap ETF Reduce -0.4% 0.13% −0.00
ESGD iShares Trust iShares ESG Aw Reduce -0.1% 0.12% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.6% 0.09% −0.00
IWM iShares Russell 2000 ETF Reduce -1.1% 0.04% −0.00
IJR iShares Core S&P Small-Cap E Reduce -5.5% 0.01% −0.00
FDMO Fidelity Momentum Factor ETF Reduce -1.6% 0.02% −0.00
IWP iShares Russell Mid-Cap Grow Reduce -3.6% 0.01% −0.00
MDY State Street SPDR S&P Midcap Reduce -1.3% 0.02% −0.00
HDEF Xtrackers MSCI Eafe High Div Reduce -4.4% 0.02% −0.00
SUSL iShares ESG MSCI USA Leaders Reduce -1.5% 0.04% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -4.5% 0.00% −0.00
IWO iShares Russell 2000 Growth Reduce -0.5% 0.01% −0.00
IWD iShares Russell 1000 Value E Reduce -0.3% 0.01% −0.00
EMXC iShares MSCI Emr MRK Ex Chna Reduce -0.8% 0.03% +0.00
VYMI Vanguard Int High DVD YLD Inc. Reduce -1.1% 4.97% +0.08

Portfolio Buys Q3 2025 → Q4 2025
VGSH Vanguard Short-Term Treasury Add +7.3% 10.47% +0.36
VTEB Vanguard Tax-Exempt Bond ETF Add +11.2% 3.95% +0.29
PMBS PIMCO MBS Active ETF Add +5.4% 5.19% +0.10
SCHF Schwab Intl Equity ETF Add +1.9% 4.74% +0.08
FLQM Franklin U.S. Mid Cap Multif Add +7.6% 1.88% +0.07
IVV iShares Core S&P 500 ETF Add +1.8% 8.42% +0.06
VOE Vngrd Mrngstr MD-Cap Val ETF Add +3.3% 3.32% +0.05
QUAL iShares MSCI USA Quality Fac Add +1.5% 13.37% +0.03
FAST Fastenal Co. New 0.03% +0.03
BND Vanguard Total Bond Market Add +4.9% 2.56% +0.03
MMIT Nylim Mackay Muni Intermedia Add +3.6% 3.40% +0.01
SMH Vaneck Semiconductor ETF New 0.01% +0.01
MGK Vngrd Mrgstr MG CP GR ETF-Ui New 0.01% +0.01
QQQM Invesco Nasdaq 100 ETF New 0.01% +0.01
RSP Invesco S&P 500 Equal Weight New 0.01% +0.01
SCHG Schwab US Large-Cap Growth Add +8.4% 0.15% +0.01
AGG iShares Core U.S. Aggregate Add +40.2% 0.03% +0.01
AAPL Apple Inc. Add +9.1% 0.05% +0.01
VTV Vanguard Mrngstr Val ETF-Aui New 0.00% +0.00
CAT Caterpillar Inc. Add +18.8% 0.01% +0.00
AMZN Amazon.com Inc. Add +13.9% 0.01% +0.00
SPYM Ste STR SPDR PT S&P 500 ETF Add +13.2% 0.01% +0.00
JEPI JPMorgan Equity Premium Inco Add +19.8% 0.01% +0.00
JPM JPMorgan Chase & Co. Add +14.2% 0.01% +0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +5.7% 0.03% +0.00
SCHY Schwab International DVD ETF Add +15.6% 0.01% +0.00
JEPQ JPM Nasdaq Equity Premium Add +16.9% 0.01% +0.00
VIG Vanguard Dividend Apprec ETF Add +5.3% 0.02% +0.00
IWF iShares Russell 1000 Growth Add +4.8% 0.03% +0.00
HD Home Depot Inc. Add +37.3% 0.01% +0.00
NDAQ Nasdaq Inc. Add +4.7% 0.01% +0.00
MA Mastercard Inc. Class A Add +4.4% 0.01% +0.00
VOO Vanguard S&P 500 ETF Add +0.9% 0.08% 0.00
VTI VG Morningstar TS MKT ETF-US Add +1.2% 0.05% 0.00
SUB iShares Short-Term National Add +2.7% 0.01% −0.00
VWO Vanguard Ftse Emerging Marke Add +0.6% 0.01% −0.00
EFA iShares MSCI Eafe ETF Add +0.1% 0.07% −0.00
META Meta Platforms Inc. Class A Add +5.9% 0.01% −0.00
PGR Progressive Corp. Add +1.8% 0.01% −0.00
OWNS CCM Affordable Hous MBS ETF Add +1.7% 0.11% −0.00
MSFT Microsoft Corp. Add +6.0% 0.06% −0.00
VIOO Vanguard S&P Small-Cap 600 E Add +2.2% 2.53% −0.02
IMCG iShares Morningstar Mid-Cap Add +0.3% 0.51% −0.03
PFFD Global X US Preferred ETF Add +4.9% 3.07% −0.04
SCHE Schwab Emrg Mrkts Eqty ETF Add +1.7% 1.45% −0.05
MUB iShares National Muni Bond E Add +1.8% 6.18% −0.06
MTUM iShares MSCI USA Momentum Fa Add +1.9% 3.74% −0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 113$5.3BQUAL, VSDB, IVV, SPYG, VYMI
Q1 2026 95$4.6BQUAL, IVV, VGSH, SPYG, VYMI
Q4 2025 92$4.5BQUAL, VGSH, SPYG, IVV, MUB
Q3 2025 88$4.4BQUAL, VGSH, SPYG, IVV, MUB
Q2 2025 86$4.2BQUAL, VGSH, SPYG, IVV, MUB
Q1 2025 81$3.8BVGSH, MUB, SCHD, QUAL, SPYG
Q4 2024 86$3.8BVGSH, MUB, SCHD, SPYG, IVV
Q3 2024 81$4.0BVGSH, MUB, SCHD, BND, IVV
Q2 2024 78$3.7BVGSH, MUB, SCHD, BND, IVV
Q1 2024 81$3.6BMUB, VGSH, SCHD, BND, SPYG