PAX Financial Group, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), PAX Financial Group, LLC reported 234 stock positions worth $523.3 million. Its top holding was Ishr CR Unvrse Usd BD ETF-Ui (IUSB) at 4.6% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.5%) and iShares MSCI USA Quality Fac (QUAL, 3.8%). Compared with Q1 2025, it opened 27 new positions, sold out of 39, added to 37 and reduced 169. The biggest buy was a new position in iShares U.S. Thematic Rotati (THRO) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001803673
- Portfolio Value
- $523.3M (Q2 2025)
- SEC Filing
- 0001104659-25-076000 ↗ filed Aug 11, 2025
Holdings Value
Holdings 234 stocks · $523.3M
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 4.57% | 517,087 | $23.9M | Reduce -14.7% |
| IVV iShares Core S&P 500 ETF | 4.48% | 37,743 | $23.4M | Reduce -49.9% |
| QUAL iShares MSCI USA Quality Fac | 3.85% | 110,067 | $20.1M | Add +3.3% |
| IVW iShares S&P 500 Growth ETF | 3.78% | 179,732 | $19.8M | Reduce -7.8% |
| EFV iShares MSCI Eafe Value ETF | 3.58% | 295,215 | $18.7M | Add +39.6% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 3.36% | 322,722 | $17.6M | Reduce -3.1% |
| WWJD Inspire International ETF | 3.01% | 458,915 | $15.7M | Reduce -21.2% |
| IVE iShares S&P 500 Value ETF | 2.89% | 77,438 | $15.1M | Add +15.1% |
| IEMG iShares Core MSCI Emerging | 2.38% | 207,243 | $12.4M | Add +101.3% |
| BOND PIMCO Active Bond Exchange-T | 2.29% | 129,846 | $12.0M | Reduce -20.2% |
| IBD Inspire Corporate Bond ETF | 1.68% | 367,148 | $8.8M | Reduce -12.4% |
| EFG iShares MSCI Eafe Growth ETF | 1.51% | 70,624 | $7.9M | Reduce -5.0% |
| THRO iShares U.S. Thematic Rotati | 1.50% | 221,113 | $7.9M | New |
| VEA Vanguard Ftse Developed ETF | 1.50% | 137,958 | $7.9M | Reduce -5.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 1.48% | 148,347 | $7.8M | Reduce -7.4% |
| SPAB SS SPDR P Agg Bond ETF | 1.46% | 298,628 | $7.6M | Reduce -10.6% |
| OEF iShares S&P 100 ETF | 1.39% | 23,957 | $7.3M | Add +43.0% |
| OMFL Invesco Russell 1000 DYN M/F | 1.36% | 122,806 | $7.1M | Add +0.0% |
| ISMD Inspire Small/Mid Cap ETF | 1.31% | 193,416 | $6.9M | Reduce -13.7% |
| VOO Vanguard S&P 500 ETF | 1.28% | 11,757 | $6.7M | Reduce -0.8% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 1.26% | 88,357 | $6.6M | Reduce -12.5% |
| IYW iShares Ustechnology ETF | 1.20% | 36,208 | $6.3M | Reduce -13.8% |
| MBB iShares MBS ETF | 1.19% | 66,503 | $6.2M | Reduce -11.1% |
| IAGG iShares Intl Aggregate Bond | 1.19% | 121,674 | $6.2M | Add +157.1% |
| PYLD PIMCO Multisector Bond Actv | 1.14% | 224,467 | $6.0M | Reduce -20.2% |
| PTL Inspire 500 ETF | 1.11% | 25,381 | $5.8M | Reduce -23.5% |
| TLH iShares 10-20 Year Treasury | 1.10% | 56,836 | $5.8M | Add +22.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.04% | 57,135 | $5.4M | Add +10.9% |
| MTUM iShares MSCI USA Momentum Fa | 1.03% | 22,375 | $5.4M | Reduce -1.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.01% | 18,940 | $5.3M | Reduce -4.7% |
| XLG Invesco S&P 500 Top 50 ETF | 0.98% | 98,648 | $5.1M | Add +2.9% |
| MSFT Microsoft Corp. | 0.92% | 9,629 | $4.8M | Reduce -23.6% |
| ESUM Eventide US Market ETF filed as STRATEGY SHS | 0.84% | 168,819 | $4.4M | Reduce -23.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.83% | 107,204 | $4.3M | Reduce -18.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.81% | 80,497 | $4.3M | Reduce -7.2% |
| IWF iShares Russell 1000 Growth | 0.81% | 9,972 | $4.2M | Reduce -4.4% |
| ACWI iShares MSCI Acwi ETF | 0.80% | 32,465 | $4.2M | Reduce -5.3% |
| AAPL Apple Inc. | 0.78% | 19,844 | $4.1M | Reduce -43.8% |
| BSV Vanguard Short-Term Bond ETF | 0.77% | 50,939 | $4.0M | Reduce -3.3% |
| QQQM Invesco Nasdaq 100 ETF | 0.74% | 17,160 | $3.9M | Reduce -3.2% |
| CORP PIMCO Inv Grade Corp. BD ETF | 0.72% | 38,558 | $3.8M | Reduce -39.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.67% | 14,764 | $3.5M | Reduce -2.0% |
| VYM Vanguard High DVD Yield ETF | 0.66% | 26,092 | $3.5M | Reduce -4.4% |
| FDLS Inspire Fidelis Multi Factor | 0.66% | 108,210 | $3.4M | Reduce -36.9% |
| FTNT Fortinet Inc. | 0.65% | 32,392 | $3.4M | Reduce -41.7% |
| BIBL Inspire 100 ETF | 0.65% | 81,922 | $3.4M | Reduce -19.8% |
| ELCV Eventide High Dividend ETF filed as STRATEGY SHS | 0.63% | 129,815 | $3.3M | Reduce -19.0% |
| NVDA Nvidia Corp. | 0.62% | 20,595 | $3.3M | Reduce -29.8% |
| MUNI PIMCO Intermediate Municipal | 0.57% | 58,317 | $3.0M | Reduce -21.0% |
| BAI Ishrs AI in and Tech Act ETF | 0.55% | 100,485 | $2.9M | New |
| VWO Vanguard Ftse Emerging Marke | 0.53% | 56,314 | $2.8M | Reduce -1.6% |
| IAU iShares Gold Trust | 0.52% | 43,954 | $2.7M | Reduce -5.9% |
| SPEM State Street SP PTF Em ETF | 0.47% | 58,102 | $2.5M | Reduce -15.1% |
| MINT PIMCO Enhanced Short Maturit | 0.47% | 24,443 | $2.5M | Reduce -19.0% |
| GOOGL Alphabet Inc. Class A | 0.47% | 13,885 | $2.4M | Reduce -36.3% |
| ANET Arista Networks Inc. | 0.46% | 23,523 | $2.4M | Reduce -34.1% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.44% | 45,442 | $2.3M | Reduce -17.1% |
| BND Vanguard Total Bond Market | 0.43% | 30,672 | $2.3M | Reduce -4.3% |
| IEUR iShares Core MSCI Europe ETF | 0.41% | 32,714 | $2.2M | Reduce -15.6% |
| GOVI Invesco Equal Weight 0-30 YR | 0.41% | 78,395 | $2.2M | Add +5.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.40% | 11,520 | $2.1M | Reduce -27.7% |
| LDUR PIMCO Enhanced Low Duration | 0.40% | 21,635 | $2.1M | Reduce -11.7% |
| AMZN Amazon.com Inc. | 0.37% | 8,714 | $1.9M | Reduce -40.0% |
| IPAC iShares Core MSCI Pacific Et | 0.35% | 26,661 | $1.8M | Reduce -15.1% |
| IMFL Invesco Int DVLP DYN Multi | 0.34% | 64,381 | $1.8M | Reduce -5.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.34% | 4,059 | $1.8M | Reduce -43.1% |
| SPHQ Invesco S&P 500 Quality ETF | 0.33% | 24,105 | $1.7M | Reduce -12.2% |
| MINO PIMCO Municipal Income Oppor | 0.33% | 38,490 | $1.7M | Reduce -15.4% |
| META Meta Platforms Inc. Class A | 0.32% | 2,245 | $1.7M | Reduce -33.0% |
| GTO Invesco Total Return Bond Et | 0.29% | 32,882 | $1.5M | Add +1.4% |
| BIV Vanguard Intermediate-Term B | 0.27% | 18,027 | $1.4M | Reduce -2.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.25% | 24,509 | $1.3M | Reduce -11.4% |
| EMB iShares JP Morgan Usd Emergi | 0.25% | 14,106 | $1.3M | Reduce -5.0% |
| PMBS PIMCO MBS Active ETF | 0.24% | 25,627 | $1.3M | New |
| SWKS Skyworks Solutions Inc. | 0.22% | 15,771 | $1.2M | Reduce -30.9% |
| COST Costco Wholesale Corp. | 0.22% | 1,178 | $1.2M | Reduce -23.1% |
| RPG Invesco S&P 500 Pure Growth | 0.22% | 25,428 | $1.2M | Reduce -38.2% |
| STIP iShares 0-5 Year Tips Bond E | 0.22% | 11,309 | $1.2M | New |
| MA Mastercard Inc. Class A | 0.22% | 2,059 | $1.2M | Reduce -21.7% |
| BSMQ Invesco Bulletshares 2026 MB | 0.22% | 48,414 | $1.1M | Reduce -12.6% |
| BSMR Invesco Bulletshares 2027 MB | 0.22% | 48,378 | $1.1M | Reduce -11.1% |
| XOM Exxon Mobil Corp. | 0.22% | 10,453 | $1.1M | Reduce -4.3% |
| BSMP Invesco Bulletshares 2025 MB | 0.22% | 45,880 | $1.1M | Reduce -12.7% |
| NFLX Netflix Inc. | 0.21% | 818 | $1.1M | Reduce -33.8% |
| AVGO Broadcom Inc. | 0.21% | 3,907 | $1.1M | Reduce -32.9% |
| IJH iShares Core S&P Midcap ETF | 0.20% | 17,287 | $1.1M | Reduce -14.3% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.20% | 11,277 | $1.1M | Reduce -18.5% |
| PNFP Pinnacle Financial Partners | 0.20% | 9,625 | $1.1M | Reduce -31.1% |
| VEEV Veeva Systems Inc. Class A | 0.20% | 3,607 | $1.0M | Reduce -29.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.19% | 1,842 | $1.0M | Add +5.0% |
| TSLA Tesla Inc. | 0.19% | 3,074 | $976K | Reduce -45.2% |
| ORCL Oracle Corp. | 0.18% | 4,386 | $959K | Reduce -32.9% |
| GOVT iShares US Treasury Bond ETF | 0.18% | 40,979 | $942K | Reduce -12.1% |
| WAL Western Alliance Bancorp | 0.18% | 12,070 | $941K | Reduce -31.5% |
| APH Amphenol Corp. Class A | 0.18% | 9,415 | $930K | Reduce -0.9% |
| ACN Accenture PLC Class A | 0.18% | 3,070 | $918K | Reduce -20.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 1,880 | $913K | Reduce -22.0% |
| SCHR Schwab Intermediate-Term US | 0.17% | 36,484 | $913K | Reduce -48.2% |
| SHM SS SPDR N Ice St Muni ETF | 0.17% | 19,029 | $910K | Reduce -8.1% |
| CINF Cincinnati Financial Corp. | 0.17% | 6,013 | $895K | Reduce -29.6% |
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -49.9% | 4.48% | −3.02 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −1.11 |
| AAPL Apple Inc. | Reduce -43.8% | 0.78% | −0.61 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -14.7% | 4.57% | −0.38 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -39.8% | 0.72% | −0.38 |
| BOND PIMCO Active Bond Exchange-T | Reduce -20.2% | 2.29% | −0.38 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -72.9% | 0.17% | −0.38 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.31 |
| FTNT Fortinet Inc. | Reduce -41.7% | 0.65% | −0.29 |
| IDCC Interdigital Inc. | Sold out | 0.00% | −0.21 |
| LBRDA Liberty Broadband-A | Sold out | 0.00% | −0.21 |
| FDLS Inspire Fidelis Multi Factor | Reduce -36.9% | 0.66% | −0.20 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −0.18 |
| PYLD PIMCO Multisector Bond Actv | Reduce -20.2% | 1.14% | −0.18 |
| WWJD Inspire International ETF | Reduce -21.2% | 3.01% | −0.17 |
| CALX Calix Inc. | Sold out | 0.00% | −0.16 |
| QTWO Q2 Holdings Inc. | Sold out | 0.00% | −0.15 |
| SCHR Schwab Intermediate-Term US | Reduce -48.2% | 0.17% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -36.3% | 0.47% | −0.13 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -43.1% | 0.34% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -40.0% | 0.37% | −0.12 |
| JKHY Jack Henry & Associates Inc. | Reduce -27.7% | 0.40% | −0.12 |
| HLIT Harmonic Inc. | Sold out | 0.00% | −0.12 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −0.11 |
| MUNI PIMCO Intermediate Municipal | Reduce -21.0% | 0.57% | −0.10 |
| SMTC Semtech Corp. | Sold out | 0.00% | −0.10 |
| MANH Manhattan Associates Inc. | Sold out | 0.00% | −0.10 |
| PTL Inspire 500 ETF | Reduce -23.5% | 1.11% | −0.10 |
| SHEN Shenandoah Telecommunication | Sold out | 0.00% | −0.09 |
| ESUM Eventide US Market ETF | Reduce -23.1% | 0.84% | −0.08 |
| IBD Inspire Corporate Bond ETF | Reduce -12.4% | 1.68% | −0.08 |
| ICVT iShares Convertible Bond ETF | Sold out | 0.00% | −0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -40.9% | 0.15% | −0.08 |
| ELCV Eventide High Dividend ETF | Reduce -19.0% | 0.63% | −0.08 |
| TSLA Tesla Inc. | Reduce -45.2% | 0.19% | −0.07 |
| MINT PIMCO Enhanced Short Maturit | Reduce -19.0% | 0.47% | −0.07 |
| V Visa Inc. Class A | Reduce -36.8% | 0.14% | −0.06 |
| WAL Western Alliance Bancorp | Reduce -31.5% | 0.18% | −0.06 |
| PNFP Pinnacle Financial Partners | Reduce -31.1% | 0.20% | −0.06 |
| BSMS Invesco Bulletshares 2028 MB | Sold out | 0.00% | −0.06 |
| BSMT Invesco Bulletshares 2029 MB | Sold out | 0.00% | −0.06 |
| RPG Invesco S&P 500 Pure Growth | Reduce -38.2% | 0.22% | −0.06 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.06 |
| GRMN Garmin Ltd. | Reduce -30.8% | 0.14% | −0.06 |
| CHRW C.H. Robinson Worldwide Inc. | Sold out | 0.00% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -22.0% | 0.17% | −0.05 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.05 |
| CINF Cincinnati Financial Corp. | Reduce -29.6% | 0.17% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -53.2% | 0.05% | −0.05 |
| CPRT Copart Inc. | Reduce -31.9% | 0.09% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| THRO iShares U.S. Thematic Rotati | New | 1.50% | +1.50 |
| IEMG iShares Core MSCI Emerging | Add +101.3% | 2.38% | +1.39 |
| EFV iShares MSCI Eafe Value ETF | Add +39.6% | 3.58% | +1.37 |
| IAGG iShares Intl Aggregate Bond | Add +157.1% | 1.19% | +0.77 |
| IVE iShares S&P 500 Value ETF | Add +15.1% | 2.89% | +0.62 |
| QUAL iShares MSCI USA Quality Fac | Add +3.3% | 3.85% | +0.62 |
| OEF iShares S&P 100 ETF | Add +43.0% | 1.39% | +0.59 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.55% | +0.55 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +10.9% | 1.04% | +0.31 |
| TLH iShares 10-20 Year Treasury | Add +22.7% | 1.10% | +0.25 |
| PMBS PIMCO MBS Active ETF | New | 0.24% | +0.24 |
| STIP iShares 0-5 Year Tips Bond E | New | 0.22% | +0.22 |
| XLG Invesco S&P 500 Top 50 ETF | Add +2.9% | 0.98% | +0.20 |
| OMFL Invesco Russell 1000 DYN M/F | Add +0.0% | 1.36% | +0.20 |
| ASTS Ast Spacemobile Inc. | New | 0.16% | +0.16 |
| NRG NRG Energy Inc. | New | 0.09% | +0.09 |
| IDT Idt Corp. Class B | New | 0.07% | +0.07 |
| UGI Ugi Corp. | New | 0.05% | +0.05 |
| NFG National Fuel Gas Co. | New | 0.05% | +0.05 |
| ZTS Zoetis Inc. | New | 0.05% | +0.05 |
| CASY Casey's General Stores Inc. | Add +12.7% | 0.17% | +0.05 |
| MDU Mdu Resources Group Inc. | New | 0.05% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.05% | +0.05 |
| CALM Cal-Maine Foods Inc. | New | 0.05% | +0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.05% | +0.05 |
| BG Bunge Global SA | New | 0.05% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +5.0% | 0.19% | +0.05 |
| SWX Southwest Gas Holdings Inc. | New | 0.05% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.05% | +0.05 |
| GOVI Invesco Equal Weight 0-30 YR | Add +5.6% | 0.41% | +0.05 |
| OGE Oge Energy Corp. | New | 0.05% | +0.05 |
| ACI Albertsons Cos Inc. Class A | New | 0.05% | +0.05 |
| TRI Thomson Reuters Corp. | Add +38.7% | 0.10% | +0.04 |
| ALE Allete Inc. | New | 0.04% | +0.04 |
| HTO H2O America | New | 0.04% | +0.04 |
| ANDE The Andersons Inc. | New | 0.04% | +0.04 |
| WTRG Essential Utilities Inc. | New | 0.04% | +0.04 |
| SMPL The Simply Good Foods Co. | New | 0.04% | +0.04 |
| FERG Ferguson Enterprises Inc. | New | 0.04% | +0.04 |
| NOMD Nomad Foods Ltd. | New | 0.04% | +0.04 |
| CPK Chesapeake Utilities Corp. | New | 0.04% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.5% | 0.16% | +0.03 |
| MNST Monster Beverage Corp. | Add +10.7% | 0.13% | +0.03 |
| GTO Invesco Total Return Bond Et | Add +1.4% | 0.29% | +0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +2.3% | 0.09% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +0.2% | 0.14% | +0.02 |
| CTVA Corteva Inc. | Add +5.9% | 0.05% | +0.01 |
| FALN iShares Fallen Angels ETF | Add +12.2% | 0.07% | +0.01 |
| JAAA Janus Henderson Aaa Clo ETF | Add +0.1% | 0.14% | +0.01 |
| WTMF Wisdomtree MGD Futures Strat | Add +2.0% | 0.08% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 207 | $673.0M | IVV, IUSB, IVW, DYNF, IVE |
| Q1 2026 | 199 | $586.2M | IVV, IVE, IUSB, IVW, DYNF |
| Q4 2025 | 207 | $579.9M | IVV, IVE, DYNF, IVW, IUSB |
| Q3 2025 | 216 | $555.0M | IVV, DYNF, IUSB, IVW, QUAL |
| Q2 2025 | 234 | $523.3M | IUSB, IVV, QUAL, IVW, EFV |
| Q1 2025 | 246 | $564.2M | IVV, IUSB, QUAL, IVW, WWJD |
| Q4 2024 | 227 | $558.8M | IVV, IUSB, IVW, WWJD, QUAL |
| Q3 2024 | 225 | $557.6M | IVV, IUSB, WWJD, IVW, QUAL |
| Q2 2024 | 230 | $512.0M | IVV, IUSB, WWJD, IVW, QUAL |
| Q1 2024 | 221 | $498.2M | IVV, IUSB, WWJD, QUAL, DYNF |