Payne Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed December 1, 2025), Payne Capital Management, LLC reported 77 stock positions worth $310.5 million. Its top holding was Schwab Intl Equity ETF (SCHF) at 11.2% of the portfolio, followed by Global X MLP & Energy Infras (MLPX, 8.2%) and Vanguard Ftse Emerging Marke (VWO, 6.9%). Compared with Q2 2025, it opened 5 new positions, sold out of 5, added to 43 and reduced 16. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +23%) and the biggest sale Exxon Mobil (XOM, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001994332
- Portfolio Value
- $310.5M (Q3 2025)
- SEC Filing
- 0001994332-25-000003 ↗ filed Dec 1, 2025
Holdings Value
Holdings 77 stocks · $310.5M
| SCHF Schwab Intl Equity ETF | 11.20% | 1,494,169 | $34.8M | Add +8.4% |
| MLPX Global X MLP & Energy Infras | 8.16% | 404,118 | $25.3M | Add +15.4% |
| VWO Vanguard Ftse Emerging Marke | 6.93% | 397,162 | $21.5M | Add +15.3% |
| VEA Vanguard Ftse Developed ETF | 6.56% | 340,215 | $20.4M | Add +22.8% |
| SCHG Schwab US Large-Cap Growth | 5.65% | 549,981 | $17.5M | Add +5.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 5.52% | 35,768 | $17.2M | Add +23.4% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 5.14% | 741,067 | $16.0M | Add +12.4% |
| SCHV Schwab US Large-Cap Value | 4.76% | 507,757 | $14.8M | Add +9.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 4.59% | 48,484 | $14.2M | Add +14.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.34% | 72,246 | $13.5M | Add +20.6% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 4.22% | 44,032 | $13.1M | Add +15.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 4.06% | 60,372 | $12.6M | Add +13.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 4.03% | 71,615 | $12.5M | Add +14.0% |
| VNQI Vanguard GLBL Ex-US Real Est | 3.22% | 209,325 | $10.0M | Add +12.4% |
| FREL Fidelity MSCI RL Est Indx | 2.50% | 279,634 | $7.8M | Add +11.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 2.28% | 211,782 | $7.1M | Add +8.0% |
| VNQ Vanguard Real Estate ETF | 1.31% | 44,645 | $4.1M | Add +20.6% |
| AAPL Apple Inc. | 1.12% | 13,640 | $3.5M | Add +31.2% |
| NVDA Nvidia Corp. | 1.10% | 18,226 | $3.4M | Add +2.2% |
| AMLP Alerian MLP ETF | 0.89% | 58,936 | $2.8M | Add +4.8% |
| MSFT Microsoft Corp. | 0.74% | 4,420 | $2.3M | Add +9.4% |
| MDYV SS SPDR S&P 400 MC Val ETF | 0.62% | 23,050 | $1.9M | Add +16.4% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.58% | 20,307 | $1.8M | Add +15.5% |
| VSS Vanguard Ftse All Wo X-US SC | 0.56% | 12,278 | $1.8M | Add +34.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 2,626 | $1.7M | Add +0.2% |
| IFGL iShares International Develo | 0.54% | 72,318 | $1.7M | Add +11.0% |
| REET iShares Global REIT ETF | 0.52% | 63,526 | $1.6M | Add +35.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.41% | 2,127 | $1.3M | No change |
| XOM Exxon Mobil Corp. | 0.41% | 11,190 | $1.3M | Reduce -22.5% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.37% | 12,685 | $1.2M | Add +4.7% |
| MRK Merck & Co. Inc. | 0.37% | 13,787 | $1.2M | Add +235.9% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.35% | 11,674 | $1.1M | Add +8.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.35% | 2,170 | $1.1M | Add +10.2% |
| AB Alliancebernstein Holding LP | 0.34% | 27,593 | $1.1M | New |
| JPM JPMorgan Chase & Co. | 0.30% | 2,953 | $931K | Add +7.6% |
| SDY SS SPDR S&P Dividend ETF | 0.27% | 6,045 | $847K | Add +0.1% |
| AMZN Amazon.com Inc. | 0.27% | 3,852 | $846K | Add +10.8% |
| NOW ServiceNow Inc. | 0.26% | 878 | $808K | No change |
| TSLA Tesla Inc. | 0.24% | 1,648 | $733K | Reduce -2.5% |
| VOO Vanguard S&P 500 ETF | 0.21% | 1,059 | $648K | Add +6.9% |
| VGT Vanguard Info Tech ETF | 0.20% | 847 | $632K | No change |
| MS Morgan Stanley | 0.20% | 3,960 | $629K | Reduce -5.9% |
| HD Home Depot Inc. | 0.20% | 1,535 | $622K | Add +11.8% |
| META Meta Platforms Inc. Class A | 0.19% | 821 | $603K | Reduce -1.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 1,639 | $538K | Reduce -18.5% |
| MCK McKesson Corp. | 0.17% | 675 | $521K | Reduce -0.3% |
| PM Philip Morris International | 0.16% | 3,086 | $501K | Add +11.1% |
| AVGO Broadcom Inc. | 0.16% | 1,482 | $489K | Reduce -6.4% |
| GOOGL Alphabet Inc. Class A | 0.15% | 1,969 | $479K | Add +2.5% |
| UNP Union Pacific Corp. | 0.15% | 1,980 | $468K | Reduce -9.2% |
| ORCL Oracle Corp. | 0.15% | 1,660 | $467K | Reduce -9.4% |
| IVE iShares S&P 500 Value ETF | 0.13% | 1,932 | $399K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 7,425 | $383K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 4,036 | $352K | Reduce -1.8% |
| NFLX Netflix Inc. | 0.11% | 283 | $339K | No change |
| EDC Dir Da Ms Em Ma Bul 3X ETF-U | 0.11% | 6,637 | $338K | Add +1.0% |
| SCHC Schwab Intl Small-Cap Equity | 0.10% | 6,682 | $304K | Add +6.0% |
| OEF iShares S&P 100 ETF | 0.10% | 900 | $300K | No change |
| XLK SS Technology Select Sector | 0.10% | 1,060 | $299K | Add +1.5% |
| CVX Chevron Corp. | 0.09% | 1,880 | $292K | Reduce -11.4% |
| GS Goldman Sachs Group Inc. | 0.09% | 354 | $282K | Reduce -11.1% |
| IYF iShares US Financials ETF | 0.08% | 2,000 | $253K | No change |
| CSCO Cisco Systems Inc. | 0.08% | 3,650 | $250K | No change |
| ABBV Abbvie Inc. | 0.08% | 1,075 | $249K | Reduce -1.0% |
| GLD SPDR Gold Shares | 0.08% | 697 | $248K | New |
| QQEW First TR Nasdaq-100 Sel Eq | 0.08% | 1,700 | $240K | No change |
| GOOG Alphabet Inc. Class C | 0.08% | 972 | $237K | New |
| TFC Truist Financial Corp. | 0.07% | 5,000 | $229K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 795 | $224K | New |
| CEG Constellation Energy | 0.07% | 673 | $221K | Reduce -18.1% |
| TRV The Travelers Cos Inc. | 0.07% | 778 | $217K | No change |
| LLY Eli Lilly & Co. | 0.07% | 283 | $216K | New |
| T AT&T Inc. | 0.07% | 7,572 | $214K | Add +0.0% |
| V Visa Inc. Class A | 0.07% | 609 | $208K | Reduce -3.5% |
| ED Consolidated Edison Inc. | 0.07% | 2,066 | $208K | No change |
| KO The Coca-Cola Co. | 0.07% | 3,060 | $203K | Add +0.5% |
| JNJ Johnson & Johnson | 0.06% | 1,088 | $202K | Reduce -23.6% |
Portfolio Sells Q2 2025 → Q3 2025
| XOM Exxon Mobil Corp. | Reduce -22.5% | 0.41% | −0.19 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.12 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.10 |
| VIGI Vanguard Int Div App Indx FD | Sold out | 0.00% | −0.10 |
| IQLT iShares MSCI International Q | Sold out | 0.00% | −0.09 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -18.5% | 0.17% | −0.06 |
| UNP Union Pacific Corp. | Reduce -9.2% | 0.15% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -1.1% | 0.19% | −0.04 |
| CEG Constellation Energy | Reduce -18.1% | 0.07% | −0.03 |
| MS Morgan Stanley | Reduce -5.9% | 0.20% | −0.03 |
| MCK McKesson Corp. | Reduce -0.3% | 0.17% | −0.02 |
| CVX Chevron Corp. | Reduce -11.4% | 0.09% | −0.02 |
| V Visa Inc. Class A | Reduce -3.5% | 0.07% | −0.02 |
| JNJ Johnson & Johnson | Reduce -23.6% | 0.06% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.8% | 0.11% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -11.1% | 0.09% | −0.02 |
| AVGO Broadcom Inc. | Reduce -6.4% | 0.16% | −0.01 |
| ORCL Oracle Corp. | Reduce -9.4% | 0.15% | −0.00 |
| ABBV Abbvie Inc. | Reduce -1.0% | 0.08% | +0.00 |
| TSLA Tesla Inc. | Reduce -2.5% | 0.24% | +0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Add +23.4% | 5.52% | +0.63 |
| VEA Vanguard Ftse Developed ETF | Add +22.8% | 6.56% | +0.48 |
| VWO Vanguard Ftse Emerging Marke | Add +15.3% | 6.93% | +0.36 |
| AB Alliancebernstein Holding LP | New | 0.34% | +0.34 |
| AAPL Apple Inc. | Add +31.2% | 1.12% | +0.30 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +20.6% | 4.34% | +0.26 |
| MRK Merck & Co. Inc. | Add +235.9% | 0.37% | +0.25 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +15.2% | 4.22% | +0.14 |
| VSS Vanguard Ftse All Wo X-US SC | Add +34.5% | 0.56% | +0.09 |
| GLD SPDR Gold Shares | New | 0.08% | +0.08 |
| GOOG Alphabet Inc. Class C | New | 0.08% | +0.08 |
| REET iShares Global REIT ETF | Add +35.3% | 0.52% | +0.08 |
| IBM Intl Business Machines Corp. | New | 0.07% | +0.07 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +13.8% | 4.06% | +0.07 |
| LLY Eli Lilly & Co. | New | 0.07% | +0.07 |
| VNQ Vanguard Real Estate ETF | Add +20.6% | 1.31% | +0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +14.0% | 4.03% | +0.04 |
| SLYV SS SPDR S&P 600 SC Val ETF | Add +15.5% | 0.58% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +2.5% | 0.15% | +0.02 |
| MDYV SS SPDR S&P 400 MC Val ETF | Add +16.4% | 0.62% | +0.01 |
| EDC Dir Da Ms Em Ma Bul 3X ETF-U | Add +1.0% | 0.11% | +0.01 |
| NVDA Nvidia Corp. | Add +2.2% | 1.10% | +0.01 |
| HD Home Depot Inc. | Add +11.8% | 0.20% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +8.0% | 2.28% | −0.00 |
| SCHC Schwab Intl Small-Cap Equity | Add +6.0% | 0.10% | −0.01 |
| XLK SS Technology Select Sector | Add +1.5% | 0.10% | −0.01 |
| JPM JPMorgan Chase & Co. | Add +7.6% | 0.30% | −0.01 |
| VOO Vanguard S&P 500 ETF | Add +6.9% | 0.21% | −0.01 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +8.3% | 0.35% | −0.01 |
| T AT&T Inc. | Add +0.0% | 0.07% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +10.2% | 0.35% | −0.02 |
| KO The Coca-Cola Co. | Add +0.5% | 0.07% | −0.02 |
| AMZN Amazon.com Inc. | Add +10.8% | 0.27% | −0.02 |
| MDYG SS SPDR S&P 400 MC GR ETF | Add +4.7% | 0.37% | −0.03 |
| PM Philip Morris International | Add +11.1% | 0.16% | −0.03 |
| IFGL iShares International Develo | Add +11.0% | 0.54% | −0.03 |
| MSFT Microsoft Corp. | Add +9.4% | 0.74% | −0.04 |
| SDY SS SPDR S&P Dividend ETF | Add +0.1% | 0.27% | −0.04 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +14.7% | 4.59% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.56% | −0.06 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +12.4% | 3.22% | −0.09 |
| FREL Fidelity MSCI RL Est Indx | Add +11.2% | 2.50% | −0.12 |
| BCI Abrdn Bloomberg All Commodit | Add +12.4% | 5.14% | −0.14 |
| AMLP Alerian MLP ETF | Add +4.8% | 0.89% | −0.17 |
| SCHV Schwab US Large-Cap Value | Add +9.1% | 4.76% | −0.20 |
| SCHG Schwab US Large-Cap Growth | Add +5.3% | 5.65% | −0.23 |
| MLPX Global X MLP & Energy Infras | Add +15.4% | 8.16% | −0.30 |
| SCHF Schwab Intl Equity ETF | Add +8.4% | 11.20% | −0.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 88 | $375.0M | SCHF, MLPX, VWO, VEA, BCI |
| Q1 2026 | 78 | $330.2M | SCHF, MLPX, VEA, VWO, BCI |
| Q4 2025 | 81 | $316.8M | SCHF, MLPX, VWO, VEA, SCHG |
| Q3 2025 | 77 | $310.5M | SCHF, MLPX, VWO, VEA, SCHG |
| Q2 2025 | 77 | $259.5M | SCHF, MLPX, VWO, VEA, SCHG |
| Q1 2025 | 71 | $234.6M | SCHF, MLPX, VWO, BCI, VEA |
| Q4 2024 | 69 | $231.8M | SCHF, MLPX, SCHG, VWO, VEA |