Pathway Financial Advisers, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Pathway Financial Advisers, LLC reported 162 stock positions worth $344.4 million. Its top holding was Broadcom (AVGO) at 3.7% of the portfolio, followed by Enterprise Products Partners (EPD, 2.7%) and JPMorgan Chase (JPM, 2.7%). Compared with Q3 2025, it opened 1 new position, sold out of 214, added to 81 and reduced 77. The biggest buy was a new position in Akre Focus ETF (AKRE) and the biggest sale Air Products & Chemicals (APD, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- AUBURN, IN
- CIK
- 0002024152
- Portfolio Value
- $344.4M (Q4 2025)
- SEC Filing
- 0002024152-26-000001 ↗ filed Feb 6, 2026
Holdings Value
Holdings 162 stocks · $344.4M
| AVGO Broadcom Inc. | 3.68% | 36,657 | $12.7M | Reduce -2.1% |
| EPD Enterprise Products Partners | 2.70% | 289,794 | $9.3M | Add +0.9% |
| JPM JPMorgan Chase & Co. | 2.69% | 28,725 | $9.3M | Reduce -1.4% |
| STLD Steel Dynamics Inc. | 2.30% | 46,774 | $7.9M | Add +4.0% |
| ABBV Abbvie Inc. | 2.23% | 33,551 | $7.7M | Reduce -0.1% |
| FDVV Fidelity High Dividend ETF | 2.17% | 131,999 | $7.5M | Add +0.7% |
| DUK Duke Energy Corp. | 1.95% | 57,382 | $6.7M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 1.91% | 85,570 | $6.6M | Reduce -0.7% |
| AAPL Apple Inc. | 1.89% | 24,001 | $6.5M | Reduce -0.8% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 1.85% | 416,174 | $6.4M | Add +2.0% |
| ENB Enbridge Inc. | 1.72% | 123,821 | $5.9M | Add +0.7% |
| PEP Pepsico Inc. | 1.65% | 39,671 | $5.7M | Reduce -1.3% |
| O Realty Income Corp. | 1.63% | 99,811 | $5.6M | Add +1.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.58% | 18,342 | $5.4M | Reduce -1.0% |
| MSFT Microsoft Corp. | 1.55% | 11,004 | $5.3M | Add +0.9% |
| LMT Lockheed Martin Corp. | 1.51% | 10,725 | $5.2M | Reduce -2.2% |
| AMGN Amgen Inc. | 1.45% | 15,269 | $5.0M | Reduce -0.8% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.43% | 66,845 | $4.9M | Reduce -0.0% |
| RTX RTX Corp. | 1.42% | 26,687 | $4.9M | Reduce -1.9% |
| VIG Vanguard Dividend Apprec ETF | 1.36% | 21,251 | $4.7M | Add +2.7% |
| OKE Oneok Inc. | 1.29% | 60,610 | $4.5M | Reduce -0.3% |
| NVDA Nvidia Corp. | 1.29% | 23,774 | $4.4M | Add +1.7% |
| CVX Chevron Corp. | 1.27% | 28,675 | $4.4M | Add +0.3% |
| OHI Omega Healthcare Investors | 1.25% | 97,448 | $4.3M | Add +0.8% |
| VZ Verizon Communications Inc. | 1.20% | 101,054 | $4.1M | Add +0.3% |
| WMT Walmart Inc. | 1.18% | 36,487 | $4.1M | Add +0.2% |
| JNJ Johnson & Johnson | 1.14% | 19,050 | $3.9M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 1.13% | 12,430 | $3.9M | Add +2.0% |
| MCD McDonald's Corp. | 1.12% | 12,586 | $3.8M | Reduce -0.8% |
| SO The Southern Co. | 1.11% | 43,869 | $3.8M | Reduce -0.1% |
| MDT Medtronic PLC | 1.08% | 38,591 | $3.7M | Reduce -1.4% |
| CMI Cummins Inc. | 1.07% | 7,217 | $3.7M | Reduce -2.4% |
| PM Philip Morris International | 1.02% | 21,956 | $3.5M | Reduce -0.6% |
| GS Goldman Sachs Group Inc. | 0.96% | 3,758 | $3.3M | Reduce -1.6% |
| WM Waste Management Inc. | 0.96% | 14,999 | $3.3M | Add +1.2% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.94% | 7,824 | $3.2M | Add +5.0% |
| EVRG Evergy Inc. | 0.91% | 43,460 | $3.2M | Reduce -0.6% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.89% | 108,782 | $3.1M | Add +1.5% |
| MRK Merck & Co. Inc. | 0.87% | 28,586 | $3.0M | Add +3.4% |
| AEP American Electric Power | 0.87% | 26,042 | $3.0M | Add +2.5% |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.85% | 44,550 | $2.9M | New |
| PDT John Hancock Prem DVD FND | 0.84% | 229,043 | $2.9M | Add +0.4% |
| QCOM Qualcomm Inc. | 0.80% | 16,184 | $2.8M | Add +1.7% |
| EMR Emerson Electric Co. | 0.79% | 20,457 | $2.7M | Add +1.9% |
| RY Royal Bank of Canada | 0.78% | 15,852 | $2.7M | Add +1.8% |
| LLY Eli Lilly & Co. | 0.78% | 2,513 | $2.7M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 0.77% | 8,040 | $2.7M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 0.76% | 11,309 | $2.6M | Add +4.5% |
| UL Unilever PLC-Sponsored ADR | 0.75% | 39,286 | $2.6M | Add +1.3% |
| KO The Coca-Cola Co. | 0.71% | 35,013 | $2.4M | Add +1.4% |
| UNP Union Pacific Corp. | 0.70% | 10,479 | $2.4M | Add +4.6% |
| PLD Prologis Inc. | 0.69% | 18,589 | $2.4M | Add +0.7% |
| MPLX MPLX LP | 0.69% | 44,463 | $2.4M | Add +4.3% |
| PG The Procter & Gamble Co. | 0.66% | 15,804 | $2.3M | Reduce -5.4% |
| NOC Northrop Grumman Corp. | 0.66% | 3,966 | $2.3M | Reduce -0.1% |
| APD Air Products & Chemicals Inc. | 0.65% | 9,069 | $2.2M | Reduce -12.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.64% | 3,232 | $2.2M | Reduce -0.1% |
| TFC Truist Financial Corp. | 0.64% | 44,609 | $2.2M | Reduce -2.3% |
| ET Energy Transfer LP | 0.63% | 131,707 | $2.2M | Add +2.2% |
| KLAC KLA Corp. | 0.59% | 1,667 | $2.0M | Reduce -1.4% |
| DLR Digital Realty Trust Inc. | 0.58% | 12,916 | $2.0M | Add +0.5% |
| MET Metlife Inc. | 0.58% | 25,287 | $2.0M | Reduce -0.2% |
| WLKP Westlake Chemical Partners L | 0.57% | 103,377 | $2.0M | Reduce -3.5% |
| V Visa Inc. Class A | 0.57% | 5,596 | $2.0M | Add +2.1% |
| LRCX Lam Research Corp. | 0.56% | 11,368 | $1.9M | Reduce -0.2% |
| HD Home Depot Inc. | 0.56% | 5,638 | $1.9M | Reduce -1.5% |
| WEC WEC Energy Group Inc. | 0.56% | 18,341 | $1.9M | Reduce -0.4% |
| HYT BlackRock Corp. Hi YLD | 0.55% | 214,454 | $1.9M | Add +0.8% |
| GLW Corning Inc. | 0.53% | 20,975 | $1.8M | Reduce -3.1% |
| NTR Nutrien Ltd. | 0.52% | 29,003 | $1.8M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 3,505 | $1.8M | Reduce -0.0% |
| GD General Dynamics Corp. | 0.51% | 5,195 | $1.7M | Reduce -0.2% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.49% | 16,552 | $1.7M | Reduce -0.1% |
| XYL Xylem Inc. | 0.47% | 11,873 | $1.6M | Add +5.8% |
| USB US Bancorp | 0.45% | 29,048 | $1.6M | Add +2.4% |
| PSX Phillips 66 | 0.45% | 12,003 | $1.5M | Add +0.1% |
| SLF Sun Life Financial Inc. | 0.44% | 24,517 | $1.5M | Reduce -1.1% |
| NEE Nextera Energy Inc. | 0.44% | 18,910 | $1.5M | Add +4.3% |
| ADC Agree Realty Corp. | 0.44% | 21,007 | $1.5M | Add +0.3% |
| CEG Constellation Energy | 0.43% | 4,151 | $1.5M | Add +2.5% |
| MRVL Marvell Technology Inc. | 0.42% | 17,112 | $1.5M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 0.41% | 4,517 | $1.4M | Reduce -1.1% |
| UPS United Parcel Service Class B | 0.41% | 14,129 | $1.4M | Reduce -3.2% |
| AXP American Express Co. | 0.38% | 3,564 | $1.3M | Reduce -0.6% |
| FRT Federal Realty Invs Trust | 0.38% | 12,887 | $1.3M | Add +5.7% |
| BIP Brookfield Infrastructure Pa | 0.37% | 36,783 | $1.3M | Reduce -0.0% |
| PRU Prudential Financial Inc. | 0.37% | 11,207 | $1.3M | Add +0.1% |
| NOBL Proshares S&P 500 Dividend A | 0.36% | 12,077 | $1.3M | Reduce -0.4% |
| SOFI Sofi Technologies Inc. | 0.36% | 47,848 | $1.3M | Add +0.6% |
| ALL Allstate Corp. | 0.36% | 5,969 | $1.2M | Add +2.1% |
| GPC Genuine Parts Co. | 0.36% | 10,009 | $1.2M | Reduce -4.6% |
| WTRG Essential Utilities Inc. | 0.36% | 31,919 | $1.2M | Reduce -1.8% |
| PFE Pfizer Inc. | 0.34% | 46,380 | $1.2M | Add +0.9% |
| TXN Texas Instruments Inc. | 0.33% | 6,531 | $1.1M | Reduce -1.4% |
| NSC Norfolk Southern Corp. | 0.32% | 3,849 | $1.1M | Reduce -2.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.32% | 1,803 | $1.1M | Add +1.1% |
| PEBO Peoples Bancorp Inc. | 0.31% | 35,520 | $1.1M | Add +1.2% |
| HIO Western Asset Hi Inc. Opport | 0.30% | 277,703 | $1.0M | Add +2.0% |
| DVY iShares Select Dividend ETF | 0.29% | 7,128 | $1.0M | Add +0.6% |
| ANET Arista Networks Inc. | 0.28% | 7,421 | $972K | Add +3.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $616K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 508 | $616K | Reduce -0.4% |
Total filed on the 13F, all lines: $345.0M.
Portfolio Sells Q3 2025 → Q4 2025
| APD Air Products & Chemicals Inc. | Reduce -12.5% | 0.65% | −0.17 |
| ARE Alexandria Real Estate Equit | Reduce -7.2% | 0.16% | −0.14 |
| DUK Duke Energy Corp. | Reduce -0.2% | 1.95% | −0.12 |
| HD Home Depot Inc. | Reduce -1.5% | 0.56% | −0.11 |
| SO The Southern Co. | Reduce -0.1% | 1.11% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -5.4% | 0.66% | −0.09 |
| WLKP Westlake Chemical Partners L | Reduce -3.5% | 0.57% | −0.09 |
| LMT Lockheed Martin Corp. | Reduce -2.2% | 1.51% | −0.07 |
| GPC Genuine Parts Co. | Reduce -4.6% | 0.36% | −0.07 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.06 |
| EVRG Evergy Inc. | Reduce -0.6% | 0.91% | −0.05 |
| SMCI Super Micro Computer Inc. | Reduce -8.0% | 0.07% | −0.05 |
| WEC WEC Energy Group Inc. | Reduce -0.4% | 0.56% | −0.05 |
| GE General Electric | Sold out | 0.00% | −0.05 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.05 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -2.0% | 0.77% | −0.05 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.05 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.04 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.04 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.04 |
| WELL Welltower Inc. | Sold out | 0.00% | −0.04 |
| AMT American Tower Corp. | Reduce -9.8% | 0.20% | −0.04 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.04 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.04 |
| MOAT Vaneck Morningstar Wide Moat | Sold out | 0.00% | −0.04 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -0.1% | 0.66% | −0.04 |
| CSX CSX Corp. | Sold out | 0.00% | −0.04 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.04 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.04 |
| ETR Entergy Corp. | Sold out | 0.00% | −0.04 |
| HBNC Horizon Bancorp Inc. | Sold out | 0.00% | −0.03 |
| ABBV Abbvie Inc. | Reduce -0.1% | 2.23% | −0.03 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.03 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.03 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.03 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.03 |
| FBCG Fidelity Blue Chip Grow ETF | Sold out | 0.00% | −0.03 |
| IRM Iron Mountain Inc. | Reduce -7.7% | 0.09% | −0.03 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.03 |
| MET Metlife Inc. | Reduce -0.2% | 0.58% | −0.03 |
| EWL iShares MSCI Switzerland ETF | Sold out | 0.00% | −0.03 |
| FNCL Fidelity MSCI Financial Indx | Sold out | 0.00% | −0.03 |
| VDC Vanguard Consumer Staple ETF | Sold out | 0.00% | −0.03 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.03 |
| BTI British American Tob-SP ADR | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| AKRE Akre Focus ETF | New | 0.85% | +0.85 |
| STLD Steel Dynamics Inc. | Add +4.0% | 2.30% | +0.47 |
| GOOGL Alphabet Inc. Class A | Add +2.0% | 1.13% | +0.27 |
| MRK Merck & Co. Inc. | Add +3.4% | 0.87% | +0.20 |
| RY Royal Bank of Canada | Add +1.8% | 0.78% | +0.12 |
| WMT Walmart Inc. | Add +0.2% | 1.18% | +0.09 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +5.0% | 0.94% | +0.08 |
| EPD Enterprise Products Partners | Add +0.9% | 2.70% | +0.08 |
| PLD Prologis Inc. | Add +0.7% | 0.69% | +0.07 |
| MPLX MPLX LP | Add +4.3% | 0.69% | +0.07 |
| AMZN Amazon.com Inc. | Add +4.5% | 0.76% | +0.07 |
| OHI Omega Healthcare Investors | Add +0.8% | 1.25% | +0.06 |
| VIG Vanguard Dividend Apprec ETF | Add +2.7% | 1.36% | +0.06 |
| USB US Bancorp | Add +2.4% | 0.45% | +0.05 |
| HII Huntington Ingalls Industrie | Add +19.0% | 0.16% | +0.05 |
| KO The Coca-Cola Co. | Add +1.4% | 0.71% | +0.04 |
| CEG Constellation Energy | Add +2.5% | 0.43% | +0.04 |
| NEE Nextera Energy Inc. | Add +4.3% | 0.44% | +0.04 |
| FDVV Fidelity High Dividend ETF | Add +0.7% | 2.17% | +0.04 |
| AEP American Electric Power | Add +2.5% | 0.87% | +0.04 |
| QCOM Qualcomm Inc. | Add +1.7% | 0.80% | +0.03 |
| SLV iShares Silver Trust | Add +0.9% | 0.10% | +0.03 |
| QTUM Defiance Quantum ETF | Add +12.1% | 0.22% | +0.03 |
| XOM Exxon Mobil Corp. | Add +6.5% | 0.28% | +0.03 |
| TD Toronto-Dominion Bank | Add +0.5% | 0.21% | +0.03 |
| V Visa Inc. Class A | Add +2.1% | 0.57% | +0.03 |
| PRU Prudential Financial Inc. | Add +0.1% | 0.37% | +0.03 |
| AMD Advanced Micro Devices | Add +14.1% | 0.07% | +0.02 |
| FHLC Fidelity MSCI Health Care | Add +0.1% | 0.22% | +0.02 |
| SFY Sofi Select 500 ETF | Add +9.2% | 0.20% | +0.02 |
| EMR Emerson Electric Co. | Add +1.9% | 0.79% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.1% | 0.32% | +0.02 |
| FRT Federal Realty Invs Trust | Add +5.7% | 0.38% | +0.02 |
| GLD SPDR Gold Shares | Add +4.3% | 0.12% | +0.02 |
| UNP Union Pacific Corp. | Add +4.6% | 0.70% | +0.02 |
| NVDA Nvidia Corp. | Add +1.7% | 1.29% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +2.3% | 0.22% | +0.01 |
| BAC Bank of America Corp. | Add +0.2% | 0.16% | +0.01 |
| CFR Cullen/Frost Bankers Inc. | Add +3.5% | 0.26% | +0.01 |
| WM Waste Management Inc. | Add +1.2% | 0.96% | +0.01 |
| ADC Agree Realty Corp. | Add +0.3% | 0.44% | +0.01 |
| MYI BlackRock Muniyield QLTY III | Add +11.6% | 0.07% | +0.01 |
| SCHG Schwab US Large-Cap Growth | Add +4.0% | 0.07% | +0.00 |
| AES AES Corp. | Add +0.0% | 0.05% | +0.00 |
| FIDU Fidelity MSCI Indust Indx | Add +2.8% | 0.11% | +0.00 |
| TSLA Tesla Inc. | Add +2.7% | 0.09% | +0.00 |
| PEBO Peoples Bancorp Inc. | Add +1.2% | 0.31% | +0.00 |
| MA Mastercard Inc. Class A | Add +1.5% | 0.09% | +0.00 |
| NUV Nuveen Municipal Value | Add +1.0% | 0.16% | +0.00 |
| NAD Nuveen Quality Municipal Inc. | Add +2.4% | 0.04% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.4% | 508 | $616K |
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 |