Pathway Financial Advisers, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Pathway Financial Advisers, LLC reported 375 stock positions worth $342.2 million. Its top holding was Broadcom (AVGO) at 3.6% of the portfolio, followed by JPMorgan Chase (JPM, 2.7%) and Enterprise Products Partners (EPD, 2.6%). Compared with Q2 2025, it opened 219 new positions, sold out of 6, added to 102 and reduced 54. The biggest buy was Fidelity High Dividend ETF (FDVV, shares +154%) and the biggest sale Schwab US DVD Equity ETF (SCHD, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- AUBURN, IN
- CIK
- 0002024152
- Portfolio Value
- $342.2M (Q3 2025)
- SEC Filing
- 0002024152-25-000006 ↗ filed Nov 13, 2025
Holdings Value
Holdings 375 stocks · $342.2M
| AVGO Broadcom Inc. | 3.60% | 37,448 | $12.3M | Reduce -5.0% |
| JPM JPMorgan Chase & Co. | 2.67% | 29,148 | $9.1M | Reduce -8.0% |
| EPD Enterprise Products Partners | 2.62% | 287,156 | $9.0M | Add +2.3% |
| ABBV Abbvie Inc. | 2.26% | 33,576 | $7.7M | Add +3.3% |
| FDVV Fidelity High Dividend ETF | 2.13% | 131,143 | $7.3M | Add +154.3% |
| DUK Duke Energy Corp. | 2.07% | 57,496 | $7.1M | Add +1.1% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 1.90% | 408,163 | $6.5M | Add +5.8% |
| STLD Steel Dynamics Inc. | 1.83% | 44,980 | $6.3M | Reduce -0.3% |
| ENB Enbridge Inc. | 1.81% | 122,925 | $6.2M | Add +3.2% |
| AAPL Apple Inc. | 1.79% | 24,184 | $6.1M | Add +0.2% |
| O Realty Income Corp. | 1.75% | 98,650 | $6.0M | Add +4.4% |
| CSCO Cisco Systems Inc. | 1.72% | 86,157 | $5.9M | Reduce -3.0% |
| PEP Pepsico Inc. | 1.64% | 40,175 | $5.6M | Add +5.9% |
| MSFT Microsoft Corp. | 1.63% | 10,901 | $5.6M | Add +6.6% |
| LMT Lockheed Martin Corp. | 1.57% | 10,965 | $5.4M | Add +4.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.52% | 18,522 | $5.2M | Reduce -13.3% |
| RTX RTX Corp. | 1.32% | 27,194 | $4.5M | Reduce -0.1% |
| VIG Vanguard Dividend Apprec ETF | 1.29% | 20,701 | $4.4M | Add +5.0% |
| OKE Oneok Inc. | 1.29% | 60,805 | $4.4M | Add +1.6% |
| VZ Verizon Communications Inc. | 1.29% | 100,764 | $4.4M | Add +0.9% |
| CVX Chevron Corp. | 1.29% | 28,598 | $4.4M | Add +2.4% |
| NVDA Nvidia Corp. | 1.27% | 23,385 | $4.4M | Add +51.7% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.26% | 66,865 | $4.3M | Reduce -4.3% |
| AMGN Amgen Inc. | 1.26% | 15,385 | $4.3M | Add +4.7% |
| SO The Southern Co. | 1.21% | 43,930 | $4.2M | Reduce -7.4% |
| OHI Omega Healthcare Investors | 1.19% | 96,642 | $4.1M | Add +5.4% |
| MCD McDonald's Corp. | 1.12% | 12,681 | $3.8M | Add +4.8% |
| WMT Walmart Inc. | 1.09% | 36,427 | $3.7M | Reduce -4.4% |
| MDT Medtronic PLC | 1.09% | 39,154 | $3.7M | Reduce -1.1% |
| PM Philip Morris International | 1.04% | 22,086 | $3.6M | Reduce -18.2% |
| JNJ Johnson & Johnson | 1.04% | 19,282 | $3.6M | Reduce -0.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.02% | 107,221 | $3.5M | Add +5.2% |
| EVRG Evergy Inc. | 0.97% | 43,699 | $3.3M | Add +0.6% |
| WM Waste Management Inc. | 0.95% | 14,816 | $3.3M | Add +2.5% |
| CMI Cummins Inc. | 0.90% | 7,396 | $3.1M | Add +0.5% |
| PDT John Hancock Prem DVD FND | 0.89% | 228,126 | $3.0M | Add +0.9% |
| GS Goldman Sachs Group Inc. | 0.87% | 3,817 | $3.0M | Reduce -6.3% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.86% | 7,449 | $2.9M | Add +31.4% |
| GOOGL Alphabet Inc. Class A | 0.86% | 12,185 | $2.9M | Add +70.3% |
| AEP American Electric Power | 0.83% | 25,418 | $2.9M | Add +17.6% |
| APD Air Products & Chemicals Inc. | 0.82% | 10,367 | $2.8M | Add +1.4% |
| UNH Unitedhealth Group Inc. | 0.82% | 8,204 | $2.8M | Add +13.6% |
| QCOM Qualcomm Inc. | 0.77% | 15,909 | $2.6M | Add +7.8% |
| EMR Emerson Electric Co. | 0.77% | 20,075 | $2.6M | Add +0.7% |
| UL Unilever PLC | 0.75% | 43,640 | $2.6M | Add +15.4% |
| PG The Procter & Gamble Co. | 0.75% | 16,711 | $2.6M | Reduce -31.1% |
| NOC Northrop Grumman Corp. | 0.70% | 3,971 | $2.4M | Add +3.9% |
| AMZN Amazon.com Inc. | 0.69% | 10,818 | $2.4M | Add +23.4% |
| UNP Union Pacific Corp. | 0.69% | 10,021 | $2.4M | Add +50.0% |
| MRK Merck & Co. Inc. | 0.68% | 27,639 | $2.3M | Add +14.0% |
| HD Home Depot Inc. | 0.67% | 5,723 | $2.3M | Add +0.8% |
| RY Royal Bank of Canada | 0.67% | 15,573 | $2.3M | Add +74.5% |
| KO The Coca-Cola Co. | 0.67% | 34,520 | $2.3M | Reduce -0.1% |
| WLKP Westlake Chemical Partners L | 0.66% | 107,177 | $2.2M | Add +1.2% |
| DLR Digital Realty Trust Inc. | 0.65% | 12,848 | $2.2M | Add +5.2% |
| ET Energy Transfer LP | 0.65% | 128,924 | $2.2M | Add +18.6% |
| MPLX MPLX LP | 0.62% | 42,648 | $2.1M | Add +25.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.62% | 3,235 | $2.1M | Add +1.4% |
| PLD Prologis Inc. | 0.62% | 18,452 | $2.1M | Add +26.8% |
| WEC WEC Energy Group Inc. | 0.61% | 18,412 | $2.1M | Add +1.3% |
| TFC Truist Financial Corp. | 0.61% | 45,664 | $2.1M | Reduce -2.3% |
| MET Metlife Inc. | 0.61% | 25,334 | $2.1M | Reduce -5.0% |
| HYT BlackRock Corp. Hi YLD | 0.59% | 212,771 | $2.0M | Add +4.6% |
| LLY Eli Lilly & Co. | 0.55% | 2,536 | $1.9M | Add +41.9% |
| V Visa Inc. Class A | 0.54% | 5,478 | $1.8M | Add +17.9% |
| KLAC KLA Corp. | 0.52% | 1,691 | $1.8M | Reduce -1.5% |
| GLW Corning Inc. | 0.52% | 21,636 | $1.8M | Reduce -5.6% |
| GD General Dynamics Corp. | 0.51% | 5,205 | $1.8M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 3,506 | $1.8M | Add +0.3% |
| NTR Nutrien Ltd. | 0.50% | 29,134 | $1.7M | Reduce -0.1% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.50% | 16,565 | $1.7M | Add +1.4% |
| XYL Xylem Inc. | 0.48% | 11,220 | $1.6M | Add +75.9% |
| PSX Phillips 66 | 0.48% | 11,991 | $1.6M | Add +0.5% |
| LRCX Lam Research Corp. | 0.44% | 11,392 | $1.5M | Reduce -0.0% |
| SLF Sun Life Financial Inc. | 0.43% | 24,787 | $1.5M | Reduce -6.8% |
| ADC Agree Realty Corp. | 0.43% | 20,944 | $1.5M | Add +17.8% |
| GPC Genuine Parts Co. | 0.42% | 10,489 | $1.4M | Reduce -0.3% |
| MRVL Marvell Technology Inc. | 0.42% | 17,254 | $1.4M | Add +13.3% |
| USB US Bancorp | 0.40% | 28,369 | $1.4M | Add +3.8% |
| NEE Nextera Energy Inc. | 0.40% | 18,136 | $1.4M | Add +11.4% |
| CEG Constellation Energy | 0.38% | 4,049 | $1.3M | Add +53.5% |
| WTRG Essential Utilities Inc. | 0.38% | 32,518 | $1.3M | Add +1.1% |
| SOFI Sofi Technologies Inc. | 0.37% | 47,549 | $1.3M | Add +0.5% |
| ALL Allstate Corp. | 0.36% | 5,844 | $1.2M | Add +3.9% |
| NOBL Proshares S&P 500 Dividend A | 0.36% | 12,128 | $1.2M | Reduce -0.8% |
| FRT Federal Realty Invs Trust | 0.36% | 12,190 | $1.2M | New |
| UPS United Parcel Service Class B | 0.35% | 14,597 | $1.2M | Reduce -19.6% |
| TXN Texas Instruments Inc. | 0.35% | 6,625 | $1.2M | Reduce -5.5% |
| BIP Brookfield Infrastructure Pa | 0.35% | 36,799 | $1.2M | Add +15.2% |
| AXP American Express Co. | 0.34% | 3,584 | $1.2M | Add +6.7% |
| NSC Norfolk Southern Corp. | 0.34% | 3,931 | $1.2M | Add +0.1% |
| PFE Pfizer Inc. | 0.34% | 45,977 | $1.2M | Add +10.5% |
| PRU Prudential Financial Inc. | 0.34% | 11,196 | $1.2M | Add +4.8% |
| GOOG Alphabet Inc. Class C | 0.32% | 4,567 | $1.1M | Add +4.2% |
| PEBO Peoples Bancorp Inc. | 0.31% | 35,106 | $1.1M | Add +6.1% |
| HIO Western Asset Hi Inc. Opport | 0.31% | 272,327 | $1.0M | Add +0.2% |
| ANET Arista Networks Inc. | 0.30% | 7,162 | $1.0M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.30% | 1,783 | $1.0M | Add +69.0% |
| ARE Alexandria Real Estate Equit | 0.30% | 12,274 | $1.0M | Reduce -8.8% |
| DVY iShares Select Dividend ETF | 0.29% | 7,087 | $1.0M | Add +1.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $630K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 510 | $630K | Reduce -0.8% |
Total filed on the 13F, all lines: $342.9M.
Portfolio Sells Q2 2025 → Q3 2025
| SCHD Schwab US DVD Equity ETF | Reduce -99.8% | 0.00% | −1.35 |
| WPC WP Carey Inc. | Reduce -98.1% | 0.01% | −0.75 |
| TD Toronto-Dominion Bank | Reduce -76.6% | 0.18% | −0.61 |
| PM Philip Morris International | Reduce -18.2% | 1.04% | −0.55 |
| IBM Intl Business Machines Corp. | Reduce -13.3% | 1.52% | −0.52 |
| PG The Procter & Gamble Co. | Reduce -31.1% | 0.75% | −0.51 |
| JPM JPMorgan Chase & Co. | Reduce -8.0% | 2.67% | −0.31 |
| CSCO Cisco Systems Inc. | Reduce -3.0% | 1.72% | −0.28 |
| UPS United Parcel Service Class B | Reduce -19.6% | 0.35% | −0.24 |
| SBUX Starbucks Corp. | Reduce -95.2% | 0.01% | −0.23 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.23 |
| IRM Iron Mountain Inc. | Reduce -61.1% | 0.12% | −0.22 |
| SO The Southern Co. | Reduce -7.4% | 1.21% | −0.20 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.14 |
| SLF Sun Life Financial Inc. | Reduce -6.8% | 0.43% | −0.14 |
| DE Deere & Co. | Reduce -28.4% | 0.18% | −0.13 |
| KO The Coca-Cola Co. | Reduce -0.1% | 0.67% | −0.13 |
| TXN Texas Instruments Inc. | Reduce -5.5% | 0.35% | −0.12 |
| WMT Walmart Inc. | Reduce -4.4% | 1.09% | −0.11 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.11 |
| FLC Flaherty & Crumrine TTL RTRN | Sold out | 0.00% | −0.09 |
| MET Metlife Inc. | Reduce -5.0% | 0.61% | −0.09 |
| BLK BlackRock Inc. | Reduce -22.1% | 0.28% | −0.09 |
| FREL Fidelity MSCI RL Est Indx | Reduce -98.7% | 0.00% | −0.08 |
| CSX CSX Corp. | Reduce -65.6% | 0.04% | −0.07 |
| BAC Bank of America Corp. | Reduce -30.9% | 0.15% | −0.07 |
| PFXF Vaneck Pref Sec X-Financials | Reduce -40.4% | 0.09% | −0.07 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.07 |
| GS Goldman Sachs Group Inc. | Reduce -6.3% | 0.87% | −0.06 |
| NTR Nutrien Ltd. | Reduce -0.1% | 0.50% | −0.05 |
| NI Nisource Inc. | Reduce -25.7% | 0.12% | −0.05 |
| STLD Steel Dynamics Inc. | Reduce -0.3% | 1.83% | −0.04 |
| FHLC Fidelity MSCI Health Care | Reduce -12.3% | 0.20% | −0.04 |
| TFC Truist Financial Corp. | Reduce -2.3% | 0.61% | −0.04 |
| NAD Nuveen Quality Municipal Inc. | Reduce -48.9% | 0.04% | −0.04 |
| NOBL Proshares S&P 500 Dividend A | Reduce -0.8% | 0.36% | −0.04 |
| EXR Extra Space Storage Inc. | Reduce -34.4% | 0.05% | −0.04 |
| MDT Medtronic PLC | Reduce -1.1% | 1.09% | −0.03 |
| DLY Doubleline Yield Opport | Reduce -4.3% | 0.16% | −0.03 |
| REGL Prshrs S&P Mid 400 DVD Arist | Reduce -13.2% | 0.13% | −0.03 |
| NUV Nuveen Municipal Value | Reduce -5.7% | 0.15% | −0.02 |
| VRA Vera Bradley Inc. | Sold out | 0.00% | −0.02 |
| ARE Alexandria Real Estate Equit | Reduce -8.8% | 0.30% | −0.02 |
| YUM Yum! Brands Inc. | Reduce -7.7% | 0.09% | −0.02 |
| LKFN Lakeland Financial Corp. | Reduce -1.1% | 0.17% | −0.01 |
| JPC Nuveen Prefered & Income Opp | Reduce -26.7% | 0.02% | −0.01 |
| ABT Abbott Laboratories | Reduce -1.0% | 0.06% | −0.01 |
| TSLA Tesla Inc. | Reduce -27.3% | 0.08% | −0.01 |
| FUTY Fidelity MSCI US Utilities | Reduce -4.3% | 0.08% | −0.01 |
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -1.8% | 0.15% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| FDVV Fidelity High Dividend ETF | Add +154.3% | 2.13% | +1.26 |
| NVDA Nvidia Corp. | Add +51.7% | 1.27% | +0.48 |
| GOOGL Alphabet Inc. Class A | Add +70.3% | 0.86% | +0.45 |
| FRT Federal Realty Invs Trust | New | 0.36% | +0.36 |
| ANET Arista Networks Inc. | New | 0.30% | +0.30 |
| ABBV Abbvie Inc. | Add +3.3% | 2.26% | +0.30 |
| RY Royal Bank of Canada | Add +74.5% | 0.67% | +0.29 |
| CFR Cullen/Frost Bankers Inc. | New | 0.25% | +0.25 |
| XYL Xylem Inc. | Add +75.9% | 0.48% | +0.21 |
| UNP Union Pacific Corp. | Add +50.0% | 0.69% | +0.19 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +31.4% | 0.86% | +0.19 |
| AAPL Apple Inc. | Add +0.2% | 1.79% | +0.18 |
| COST Costco Wholesale Corp. | Add +204.7% | 0.22% | +0.13 |
| CMI Cummins Inc. | Add +0.5% | 0.90% | +0.12 |
| PLD Prologis Inc. | Add +26.8% | 0.62% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +69.0% | 0.30% | +0.11 |
| HII Huntington Ingalls Industrie | New | 0.11% | +0.11 |
| CEG Constellation Energy | Add +53.5% | 0.38% | +0.11 |
| AEP American Electric Power | Add +17.6% | 0.83% | +0.11 |
| OHI Omega Healthcare Investors | Add +5.4% | 1.19% | +0.10 |
| LLY Eli Lilly & Co. | Add +41.9% | 0.55% | +0.10 |
| SOFI Sofi Technologies Inc. | Add +0.5% | 0.37% | +0.09 |
| UNH Unitedhealth Group Inc. | Add +13.6% | 0.82% | +0.09 |
| RGTI Rigetti Computing Inc. | Add +4.1% | 0.14% | +0.08 |
| NOC Northrop Grumman Corp. | Add +3.9% | 0.70% | +0.08 |
| VST Vistra Corp. | New | 0.07% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +4.2% | 0.32% | +0.07 |
| AMZN Amazon.com Inc. | Add +23.4% | 0.69% | +0.07 |
| SLV iShares Silver Trust | New | 0.06% | +0.06 |
| SCHG Schwab US Large-Cap Growth | New | 0.06% | +0.06 |
| LHX L3HARRIS Technologies Inc. | New | 0.06% | +0.06 |
| ENB Enbridge Inc. | Add +3.2% | 1.81% | +0.06 |
| CI The Cigna Group | Add +75.6% | 0.22% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.06% | +0.06 |
| MPLX MPLX LP | Add +25.4% | 0.62% | +0.05 |
| MRK Merck & Co. Inc. | Add +14.0% | 0.68% | +0.05 |
| NUE Nucor Corp. | New | 0.05% | +0.05 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.05% | +0.05 |
| GE General Electric | New | 0.05% | +0.05 |
| MO Altria Group Inc. | New | 0.05% | +0.05 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.05% | +0.05 |
| TJX TJX Companies Inc. | New | 0.05% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.04% | +0.04 |
| AMD Advanced Micro Devices | New | 0.04% | +0.04 |
| JEPI JPMorgan Equity Premium Inco | New | 0.04% | +0.04 |
| AMAT Applied Materials Inc. | New | 0.04% | +0.04 |
| WELL Welltower Inc. | New | 0.04% | +0.04 |
| AES AES Corp. | New | 0.04% | +0.04 |
| CNI Canadian Natl Railway Co. | New | 0.04% | +0.04 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.04% | +0.04 |
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.8% | 510 | $630K |
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 | 166 | $396.3M | AVGO, EPD, STLD, CSCO, JPM |
| Q1 2026 | 163 | $353.0M | AVGO, EPD, STLD, JPM, DUK |
| Q4 2025 | 162 | $344.4M | AVGO, EPD, JPM, STLD, ABBV |
| Q3 2025 | 375 | $342.2M | AVGO, JPM, EPD, ABBV, FDVV |
| Q2 2025 | 162 | $308.3M | AVGO, JPM, EPD, DUK, IBM |
| Q1 2025 | 157 | $291.1M | EPD, JPM, DUK, ABBV, AVGO |
| Q4 2024 | 433 | $297.9M | AVGO, EPD, JPM, DUK, OKE |
| Q3 2024Amended | 415 | $220.3M | JPM, ABBV, PEP, STLD, LMT |
| Q2 2024 | 430 | $278.4M | EPD, AVGO, JPM, STLD, DUK |
| Q1 2024 | 447 | $277.2M | EPD, JPM, STLD, AVGO, PEP |