Pathway Financial Advisers, LLC

Name: Pathway Financial Advisers, LLC 13F holdings, Q4 2025
Creator: Pathway Financial Advisers, LLC
Published: 2026-02-06

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

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%
XOM Exxon Mobil Corp.	0.28%	7,934	$955K	Add +6.5%
TMO Thermo Fisher Scientific Inc.	0.27%	1,604	$929K	Reduce -2.4%
CFR Cullen/Frost Bankers Inc.	0.26%	7,142	$904K	Add +3.5%
BLK BlackRock Inc.	0.25%	806	$863K	Reduce -2.9%
QTUM Defiance Quantum ETF	0.22%	7,020	$770K	Add +12.1%
VOO Vanguard S&P 500 ETF	0.22%	1,224	$767K	Add +2.3%
NNN NNN REIT Inc.	0.22%	19,360	$767K	Reduce -0.9%
FHLC Fidelity MSCI Health Care	0.22%	10,325	$767K	Add +0.1%
TD Toronto-Dominion Bank	0.21%	7,826	$737K	Add +0.5%
CI The Cigna Group	0.21%	2,668	$734K	Add +1.2%
COST Costco Wholesale Corp.	0.21%	824	$711K	Reduce -2.4%
SFY Sofi Select 500 ETF	0.20%	5,333	$705K	Add +9.2%
MAA Mid-America Apartment Comm	0.20%	5,030	$699K	Reduce -2.3%
AMT American Tower Corp.	0.20%	3,869	$679K	Reduce -9.8%
ACN Accenture PLC Class A	0.19%	2,428	$651K	Reduce -0.0%
SOXX iShares Semiconductor ETF	0.18%	2,102	$633K	Reduce -2.2%
DE Deere & Co.	0.18%	1,354	$631K	No change
RSG Republic Services Inc.	0.17%	2,828	$599K	Reduce -0.2%
ARE Alexandria Real Estate Equit	0.16%	11,390	$557K	Reduce -7.2%
HII Huntington Ingalls Industrie	0.16%	1,586	$539K	Add +19.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.16%	9,796	$539K	Add +0.2%
NUV Nuveen Municipal Value	0.16%	59,076	$535K	Add +1.0%
LKFN Lakeland Financial Corp.	0.15%	9,276	$529K	No change
NOW ServiceNow Inc.	0.15%	3,406	$522K	Add +3.7%
DOC Healthpeak Properties Inc.	0.15%	32,417	$521K	Add +1.8%
TDIV FT Nasdaq Tech DVD Index FD	0.15%	5,233	$507K	Reduce -0.6%
DLY Doubleline Yield Opport	0.14%	32,663	$475K	Reduce -8.7%
EQIX Equinix Inc.	0.14%	618	$473K	Reduce -2.1%
XLK SS Technology Select Sector	0.13%	3,120	$449K	Reduce -0.5%
REGL Prshrs S&P Mid 400 DVD Arist	0.13%	5,182	$436K	Reduce -0.1%
NI Nisource Inc.	0.12%	9,584	$400K	Add +0.2%
GLD SPDR Gold Shares	0.12%	1,005	$398K	Add +4.3%
RGTI Rigetti Computing Inc.	0.11%	16,789	$372K	Add +5.0%
FIDU Fidelity MSCI Indust Indx	0.11%	4,397	$363K	Add +2.8%
BIPC Brookfield Infrastructure-A	0.10%	7,555	$343K	Reduce -0.6%
SLV iShares Silver Trust	0.10%	5,223	$336K	Add +0.9%
MA Mastercard Inc. Class A	0.09%	547	$312K	Add +1.5%
KVUE Kenvue Inc.	0.09%	17,728	$306K	Reduce -10.7%
YUM Yum! Brands Inc.	0.09%	2,012	$304K	Reduce -0.1%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.09%	3,648	$303K	Reduce -7.7%
PFXF Vaneck Pref Sec X-Financials	0.09%	16,939	$299K	Add +1.8%
LOW Lowe's Cos Inc.	0.09%	1,240	$299K	Add +0.2%
TSLA Tesla Inc.	0.09%	652	$293K	Add +2.7%
AWR American States Water Co. filed as AMER STATES WTR CO	0.08%	3,831	$278K	Add +0.7%
FUTY Fidelity MSCI US Utilities	0.08%	4,688	$259K	Reduce -0.0%
FTEC Fidelity MSCI Info Tech Indx	0.08%	1,151	$259K	Reduce -0.4%
BX Blackstone Inc.	0.07%	1,600	$247K	Add +0.9%
FSTA Fidelity MSCI Cons Stap Indx	0.07%	5,001	$246K	Reduce -1.3%
ELV Elevance Health Inc.	0.07%	678	$238K	No change
SMCI Super Micro Computer Inc.	0.07%	7,967	$233K	Reduce -8.0%
AMD Advanced Micro Devices	0.07%	1,086	$233K	Add +14.1%
SCHG Schwab US Large-Cap Growth	0.07%	7,118	$232K	Add +4.0%
VST Vistra Corp.	0.07%	1,428	$230K	Add +13.1%
MYI BlackRock Muniyield QLTY III	0.07%	20,870	$227K	Add +11.6%
FRME First Merchants Corp.	0.06%	5,913	$222K	Add +0.9%
TSM Taiwan Semiconductor-SP ADR	0.06%	676	$206K	Reduce -0.4%
NUE Nucor Corp.	0.06%	1,259	$205K	Reduce -5.0%
LHX L3HARRIS Technologies Inc.	0.06%	683	$200K	Reduce -0.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.05%	10,040	$168K	Reduce -3.9%
AES AES Corp.	0.05%	11,060	$159K	Add +0.0%
NAD Nuveen Quality Municipal Inc.	0.04%	10,925	$131K	Add +2.4%
OIA Invesco Municipal Income Opp	0.03%	16,471	$99K	Add +0.9%

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