Principle Wealth Partners LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Principle Wealth Partners LLC reported 357 stock positions worth $1.7 billion. Its top holding was Invesco S&P 500 Top 50 ETF (XLG) at 9.2% of the portfolio, followed by JPMorgan Chase (JPM, 6.5%) and BNY Mellon Dynamic Value (BKDV, 6.0%). Compared with Q2 2025, it opened 12 new positions, sold out of 10, added to 102 and reduced 137. The biggest buy was Invesco S&P 500 Top 50 ETF (XLG, shares +2%) and the biggest sale Invesco S&P 500 Garp ETF (SPGP, shares −58%).

Most Recent 13F
Q2 2026
Location
MADISON, CT
CIK
0001743413
Portfolio Value
$1.7B (Q3 2025)
SEC Filing
0001951757-25-001250 ↗ filed Nov 3, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.3B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.7B $1.7B Q3 2025 Q4 2025: $1.8B Q4 2025 Q1 2026: $1.7B Q1 2026 Q2 2026: $2.0B Q2 2026

Holdings 357 stocks · $1.7B
XLG Invesco S&P 500 Top 50 ETF 9.16% 2,741,301 $157.7M Add +2.2%
JPM JPMorgan Chase & Co. 6.51% 355,384 $112.1M Reduce -0.1%
BKDV BNY Mellon Dynamic Value 5.99% 3,709,142 $103.1M Add +2.8%
AAPL Apple Inc. 5.54% 374,872 $95.5M Reduce -0.5%
VUG Vanguard Mrngstar GR ETF-Sui 3.56% 127,812 $61.3M Add +0.1%
MSFT Microsoft Corp. 3.35% 111,393 $57.7M Reduce -0.6%
NVDA Nvidia Corp. 3.14% 289,852 $54.1M Reduce -1.4%
VIG Vanguard Dividend Apprec ETF 3.06% 244,233 $52.7M Add +0.3%
AMZN Amazon.com Inc. 2.05% 160,548 $35.3M Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US 1.60% 84,101 $27.6M Reduce -0.8%
VOOG Vanguard S&P 500 Growth ETF 1.47% 58,002 $25.3M Add +4.5%
GOOG Alphabet Inc. Class C 1.34% 94,961 $23.1M Reduce -1.5%
GOOGL Alphabet Inc. Class A 1.32% 93,814 $22.8M Reduce -0.3%
SMH Vaneck Semiconductor ETF 1.24% 65,172 $21.3M Add +2.0%
MCD McDonald's Corp. 1.20% 68,175 $20.7M Reduce -0.1%
JNJ Johnson & Johnson 1.20% 111,468 $20.7M Add +0.2%
RTX RTX Corp. 1.18% 121,467 $20.3M Reduce -0.3%
SMTH Alps SMTH Cor BD Plus ETF 1.16% 766,311 $20.0M Reduce -2.4%
SCHD Schwab US DVD Equity ETF 1.14% 719,176 $19.6M Reduce -24.4%
HD Home Depot Inc. 0.98% 41,626 $16.9M Add +2.0%
VYM Vanguard High DVD Yield ETF 0.98% 119,660 $16.9M Reduce -0.2%
ORCL Oracle Corp. 0.94% 57,424 $16.2M Reduce -4.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.93% 56,645 $16.0M Add +0.6%
GS Goldman Sachs Group Inc. 0.87% 18,764 $14.9M Reduce -1.7%
BRK.B Berkshire Hathaway Inc. Class B 0.83% 28,409 $14.3M Reduce -0.3%
FMHI First Trust Municipal High I 0.79% 287,319 $13.7M Reduce -2.8%
V Visa Inc. Class A 0.78% 39,130 $13.4M Reduce -0.8%
CSCO Cisco Systems Inc. 0.76% 192,098 $13.1M Reduce -0.2%
VGT Vanguard Info Tech ETF 0.75% 17,349 $13.0M Reduce -0.7%
TCAF T Rowe PRC Cap Appreciation 0.75% 343,136 $12.9M Add +2.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.71% 18,255 $12.2M Add +0.4%
META Meta Platforms Inc. Class A 0.66% 15,459 $11.4M Reduce -1.2%
PG The Procter & Gamble Co. 0.66% 73,853 $11.3M Add +0.9%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.65% 220,026 $11.2M Add +11.5%
TSLA Tesla Inc. 0.60% 23,364 $10.4M Add +1.9%
CAT Caterpillar Inc. 0.59% 21,409 $10.2M Add +0.8%
SO The Southern Co. 0.57% 102,920 $9.8M Reduce -1.3%
XOM Exxon Mobil Corp. 0.55% 83,931 $9.5M Add +3.8%
IGV iShares Expanded Tech-Softwa 0.55% 82,219 $9.5M Reduce -1.9%
QQQ Invesco QQQ Trust Series 1 0.54% 15,534 $9.3M Add +17.3%
GD General Dynamics Corp. 0.54% 27,094 $9.2M Reduce -2.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.52% 30,658 $9.0M Reduce -0.8%
AMGN Amgen Inc. 0.51% 31,008 $8.8M Add +2.1%
CVX Chevron Corp. 0.48% 53,639 $8.3M Add +1.2%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.48% 142,672 $8.2M Add +0.4%
ABBV Abbvie Inc. 0.44% 32,935 $7.6M Add +0.4%
MMM 3M Co. 0.40% 44,506 $6.9M Add +2.0%
CMI Cummins Inc. 0.40% 16,332 $6.9M Add +0.3%
XMHQ Invesco S&P Midcap Qual ETF 0.38% 62,476 $6.6M Reduce -7.9%
BLK BlackRock Inc. 0.38% 5,585 $6.5M No change
JEPI JPMorgan Equity Premium Inco 0.37% 111,742 $6.4M Add +0.0%
MRK Merck & Co. Inc. 0.37% 75,912 $6.4M Reduce -1.1%
QCOM Qualcomm Inc. 0.37% 37,865 $6.3M Reduce -6.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.36% 119,372 $6.2M Add +3.2%
DVY iShares Select Dividend ETF 0.36% 43,265 $6.1M Add +0.5%
OFLX Omega Flex Inc. 0.35% 192,275 $6.0M No change
UNH Unitedhealth Group Inc. 0.33% 16,453 $5.7M Add +19.7%
KO The Coca-Cola Co. 0.33% 84,825 $5.6M Add +1.3%
PANW Palo Alto Networks Inc. 0.32% 27,401 $5.6M Reduce -4.4%
COST Costco Wholesale Corp. 0.32% 6,009 $5.6M Reduce -0.6%
PM Philip Morris International 0.32% 34,175 $5.5M Reduce -0.7%
ITA iShares U.S. Aerospace & Def 0.32% 26,337 $5.5M Add +0.0%
BX Blackstone Inc. 0.32% 31,927 $5.5M Reduce -0.4%
ALL Allstate Corp. 0.31% 25,110 $5.4M No change
KMB Kimberly-Clark Corp. 0.31% 43,122 $5.4M Add +0.8%
SPGP Invesco S&P 500 Garp ETF 0.31% 47,028 $5.3M Reduce -58.4%
WM Waste Management Inc. 0.31% 23,895 $5.3M Add +0.0%
LLY Eli Lilly & Co. 0.30% 6,802 $5.2M Add +0.7%
EMR Emerson Electric Co. 0.30% 39,213 $5.1M Reduce -0.8%
TXN Texas Instruments Inc. 0.29% 26,917 $4.9M Reduce -6.0%
DUK Duke Energy Corp. 0.29% 39,910 $4.9M Add +2.5%
PNC PNC Financial Services Group 0.28% 23,998 $4.8M Add +2.5%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.28% 34,650 $4.8M Reduce -0.4%
NFLX Netflix Inc. 0.27% 3,845 $4.6M Reduce -0.3%
PRU Prudential Financial Inc. 0.26% 43,796 $4.5M Add +3.5%
BRK.A Berkshire Hathaway Inc. Class A 0.26% 6 $4.5M No change
TRV The Travelers Cos Inc. 0.26% 15,927 $4.4M Add +3.6%
FDVV Fidelity High Dividend ETF 0.26% 79,259 $4.4M Reduce -2.6%
BA The Boeing Co. 0.24% 19,522 $4.2M Reduce -0.1%
PFE Pfizer Inc. 0.24% 162,035 $4.1M Reduce -0.9%
MSI Motorola Solutions Inc. 0.24% 8,937 $4.1M No change
PLTR Palantir Technologies Inc. Class A 0.24% 22,238 $4.1M Reduce -9.4%
AEP American Electric Power 0.22% 33,274 $3.7M Reduce -1.7%
LMT Lockheed Martin Corp. 0.21% 7,276 $3.6M Reduce -0.2%
VXUS Vanguard Total Intl Stock 0.21% 49,358 $3.6M No change
D Dominion Energy Inc. 0.21% 58,663 $3.6M Add +4.1%
PSX Phillips 66 0.21% 26,204 $3.6M No change
ASML ASML Holding NV-NY Reg SHS 0.20% 3,639 $3.5M Reduce -12.5%
COP Conocophillips 0.20% 37,095 $3.5M Reduce -0.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.20% 18,697 $3.5M No change
LOW Lowe's Cos Inc. 0.20% 13,696 $3.4M No change
HON Honeywell International Inc. 0.20% 16,304 $3.4M Add +2.2%
MA Mastercard Inc. Class A 0.19% 5,868 $3.3M Reduce -1.0%
VOO Vanguard S&P 500 ETF 0.19% 5,374 $3.3M Reduce -3.4%
LVHI Franklin International Low V 0.19% 93,965 $3.3M Add +0.0%
NSC Norfolk Southern Corp. 0.19% 10,784 $3.2M Reduce -0.8%
NEE Nextera Energy Inc. 0.18% 41,352 $3.1M Add +15.7%
ODFL Old Dominion Freight Line 0.18% 21,733 $3.1M No change
ADP Automatic Data Processing 0.18% 10,331 $3.0M No change
XLK SS Technology Select Sector 0.17% 10,470 $3.0M Add +23.1%
TFC Truist Financial Corp. 0.17% 62,783 $2.9M Reduce -0.4%
XLV SS Health Care Select Sector 0.17% 20,425 $2.8M Add +8.0%
AXP American Express Co. 0.17% 8,554 $2.8M Reduce -3.1%
VST Vistra Corp. 0.16% 14,389 $2.8M Reduce -4.3%
GE General Electric filed as GE AEROSPACE 0.16% 9,311 $2.8M Reduce -2.5%
SDY SS SPDR S&P Dividend ETF 0.16% 19,913 $2.8M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 24,009 $2.7M Reduce -2.0%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.15% 2,771 $2.6M No change
PEP Pepsico Inc. 0.15% 18,714 $2.6M Reduce -11.6%
ETN Eaton Corp. PLC 0.15% 6,694 $2.5M Reduce -0.8%
VB Vanguard Most SM-Cap ETF-Usd 0.14% 9,621 $2.4M Reduce -0.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.14% 16,598 $2.4M Reduce -1.3%
PH Parker Hannifin Corp. 0.14% 3,137 $2.4M Reduce -0.8%
EXC Exelon Corp. 0.13% 51,135 $2.3M Add +0.3%
CRM Salesforce Inc. 0.13% 9,635 $2.3M Reduce -0.1%
IYW iShares Ustechnology ETF 0.13% 11,588 $2.3M No change
WMT Walmart Inc. 0.12% 19,251 $2.0M Reduce -6.4%
XMMO Invesco S&P Midcap Momentum 0.11% 14,269 $1.9M Add +720.5%
VZ Verizon Communications Inc. 0.11% 42,150 $1.9M Reduce -7.0%
MS Morgan Stanley 0.11% 11,600 $1.8M Reduce -0.6%
VHT Vanguard Health Care ETF 0.11% 7,047 $1.8M Reduce -0.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.11% 16,787 $1.8M No change
NOW ServiceNow Inc. 0.11% 1,978 $1.8M Reduce -4.3%
CI The Cigna Group 0.10% 6,265 $1.8M Add +0.2%
TMO Thermo Fisher Scientific Inc. 0.10% 3,558 $1.7M Reduce -4.2%
TSM Taiwan Semiconductor-SP ADR 0.10% 6,072 $1.7M Reduce -0.8%
ISRG Intuitive Surgical Inc. 0.10% 3,726 $1.7M Reduce -0.3%
DIVO Amplify CWP Enhan Divid ETF 0.10% 37,211 $1.7M Add +23.2%
AVGO Broadcom Inc. 0.10% 4,986 $1.6M Add +2.6%
CVS CVS Health Corp. 0.10% 21,769 $1.6M Reduce -0.3%
IDVO Amplify CWP Intl Enh DVD Inc. 0.10% 43,856 $1.6M Add +132.9%
USB US Bancorp 0.09% 33,684 $1.6M Add +6.5%
IJR iShares Core S&P Small-Cap E 0.09% 13,243 $1.6M Add +28.8%
GLD SPDR Gold Shares 0.09% 4,380 $1.6M Add +61.0%
TPL Texas Pacific Land Corp. 0.09% 1,624 $1.5M Add +48.3%
CARR Carrier Global Corp. 0.09% 25,377 $1.5M Add +0.7%
IAU iShares Gold Trust 0.09% 20,769 $1.5M Add +11.9%
VYMI Vanguard Int High DVD YLD Inc. 0.09% 17,645 $1.5M Reduce -1.0%
FBTC Fidelity Wise Origin Bitcoin 0.09% 14,777 $1.5M Add +25.0%
UNP Union Pacific Corp. 0.08% 5,996 $1.4M Reduce -0.9%
MKL Markel Group Inc. 0.08% 737 $1.4M No change
NOC Northrop Grumman Corp. 0.08% 2,282 $1.4M Add +0.8%
PWRD TCW Transform Systems ETF 0.08% 14,210 $1.4M Add +238.3%
PRF Invesco Rafi US 1000 ETF 0.08% 30,570 $1.4M No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.08% 4,591 $1.3M No change
XLI SS Industrial Select Sector 0.08% 8,713 $1.3M Reduce -11.6%
GEV GE Vernova Inc. 0.08% 2,180 $1.3M Add +1.9%
DON Wisdomtree US Midcap Dividen 0.08% 24,795 $1.3M No change
ES Eversource Energy 0.07% 17,723 $1.3M Reduce -0.4%
ITW Illinois Tool Works 0.07% 4,815 $1.3M No change
VFH Vanguard Financials ETF 0.07% 9,432 $1.2M Reduce -1.4%
WFC Wells Fargo & Co. 0.07% 14,720 $1.2M No change
VT Vanguard Tot World STK ETF 0.07% 8,911 $1.2M No change
AFL Aflac Inc. 0.07% 10,921 $1.2M Add +1.4%
IVV iShares Core S&P 500 ETF 0.07% 1,757 $1.2M No change
ABT Abbott Laboratories 0.07% 8,354 $1.1M Add +6.3%
MTB M & T Bank Corp. filed as M & T BK CORP 0.06% 5,583 $1.1M Add +77.9%
SPLV Invesco S&P 500 Low Volatili 0.06% 14,838 $1.1M Add +0.0%
IWF iShares Russell 1000 Growth 0.06% 2,234 $1.0M No change
MOAT Vaneck Morningstar Wide Moat 0.06% 10,294 $1.0M No change
OTIS Otis Worldwide Corp. 0.06% 11,151 $1.0M Reduce -0.7%
AMD Advanced Micro Devices 0.06% 6,160 $997K Add +43.8%
DHR Danaher Corp. 0.06% 5,000 $991K Reduce -3.4%
IPKW Invesco International Buybac 0.06% 18,807 $991K Add +4.1%
IJH iShares Core S&P Midcap ETF 0.06% 15,093 $985K No change
OR Or Royalties Inc. 0.06% 24,546 $984K Reduce -2.7%
CB Chubb Ltd. 0.06% 3,483 $983K Reduce -0.1%
ZTS Zoetis Inc. 0.06% 6,716 $983K Reduce -2.9%
T AT&T Inc. 0.06% 34,254 $967K Add +6.9%
CGGE Cap Group Global Eq filed as CAPITAL GROUP GLOBAL EQUITY 0.06% 30,827 $949K New
INTU Intuit Inc. 0.06% 1,386 $947K Add +0.5%
MO Altria Group Inc. 0.05% 14,258 $942K Add +1.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.05% 9,125 $937K No change
WPM Wheaton Precious Metals Corp. 0.05% 8,346 $933K No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.05% 20,665 $909K No change
SYK Stryker Corp. 0.05% 2,366 $875K Add +7.3%
DSI iShares ESG MSCI KLD 400 ETF 0.05% 6,887 $867K No change
PID Invesco International Divide 0.05% 38,262 $814K No change
CTVA Corteva Inc. 0.05% 11,974 $810K No change
ELV Elevance Health Inc. 0.05% 2,499 $807K No change
LIN Linde PLC 0.05% 1,682 $799K Add +8.8%
SOXX iShares Semiconductor ETF 0.05% 2,899 $786K Reduce -9.4%
SBUX Starbucks Corp. 0.05% 9,186 $777K Reduce -11.5%
GIS General Mills Inc. 0.04% 15,183 $766K Reduce -49.0%
ENB Enbridge Inc. 0.04% 14,930 $753K Add +1.8%
SPYG SS SPDR P S&P 500 Growth ETF 0.04% 7,176 $750K Reduce -1.4%
DGRO iShares Core Dividend Growth 0.04% 10,868 $740K Reduce -2.5%
XLF SS Financial Select Sector 0.04% 13,717 $739K Add +0.6%
NVO Novo-Nordisk A/S-Spons ADR 0.04% 13,135 $729K Add +72.9%
ITOT iShares Core S&P Total U.S. 0.04% 4,961 $723K Add +0.1%
UBER Uber Technologies Inc. 0.04% 7,349 $720K Add +4.3%
FULT Fulton Financial Corp. 0.04% 38,646 $720K No change
XLE SS Energy Select Sector 0.04% 7,919 $708K Reduce -2.7%
RSP Invesco S&P 500 Equal Weight 0.04% 3,650 $692K Reduce -18.9%
CME Cme Group Inc. 0.04% 2,556 $691K Reduce -1.2%
IBB iShares Biotechnology ETF 0.04% 4,781 $690K Reduce -5.9%
IJT iShares S&P Small-Cap 600 GR 0.04% 4,790 $678K Reduce -7.1%
APD Air Products & Chemicals Inc. 0.04% 2,484 $677K Reduce -3.9%
VDE Vanguard Energy ETF 0.04% 5,290 $666K Reduce -3.2%
IWP iShares Russell Mid-Cap Grow 0.04% 4,670 $665K No change
JAAA Janus Henderson Aaa Clo ETF 0.04% 13,064 $663K Add +71.2%
KKR KKR & Co. Inc. 0.04% 5,030 $654K Reduce -0.0%
VDC Vanguard Consumer Staple ETF 0.04% 3,028 $647K No change
IVW iShares S&P 500 Growth ETF 0.04% 5,319 $642K No change
SPGI S&P Global Inc. 0.04% 1,285 $626K Reduce -0.9%
PJT PJT Partners Inc. Class A 0.04% 3,505 $623K Add +0.6%
CL Colgate-Palmolive Co. 0.04% 7,737 $619K Reduce -5.5%
NVS Novartis AG-Sponsored ADR 0.04% 4,822 $618K Reduce -0.5%
FISV Fiserv Inc. 0.04% 4,792 $618K No change
DE Deere & Co. 0.04% 1,337 $611K Reduce -0.4%
O Realty Income Corp. 0.03% 9,881 $601K No change
IWM iShares Russell 2000 ETF 0.03% 2,466 $597K No change
MDLZ Mondelez International Inc. Class A 0.03% 9,544 $596K Reduce -12.0%
MELI MercadoLibre Inc. 0.03% 255 $595K Add +0.4%
ARW Arrow Electronics Inc. 0.03% 4,905 $594K No change
TEL Te Connectivity PLC 0.03% 2,689 $590K No change
ADBE Adobe Inc. 0.03% 1,664 $587K Reduce -35.1%
ED Consolidated Edison Inc. 0.03% 5,717 $575K Reduce -3.5%
IWS iShares Russell Mid-Cap Valu 0.03% 4,110 $574K Reduce -20.3%
SCHW Schwab (charles) Corp. 0.03% 5,984 $571K Add +1.6%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.03% 3,212 $561K Reduce -22.1%
DD Dupont DE Nemours Inc. 0.03% 7,096 $553K Reduce -0.1%
AMT American Tower Corp. 0.03% 2,857 $549K Reduce -8.3%
SHEL Shell PLC-ADR 0.03% 7,654 $547K Add +8.3%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 1,114 $546K Reduce -24.9%
PYPL PayPal Holdings Inc. 0.03% 8,075 $542K Reduce -44.6%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.03% 1,338 $538K Add +23.0%
BMY Bristol-Myers Squibb Co. 0.03% 11,885 $536K Reduce -9.8%
UL Unilever PLC 0.03% 9,022 $535K No change
ARKK ARK Innovation ETF 0.03% 6,173 $533K No change
ADI Analog Devices Inc. 0.03% 2,157 $530K No change
NOBL Proshares S&P 500 Dividend A 0.03% 5,140 $530K Reduce -3.8%
PLD Prologis Inc. 0.03% 4,572 $524K Add +0.1%
PDP Invesco Dorsey Wright Moment 0.03% 4,395 $519K No change
FPE FT-Preferred Secur & Inc. ETF 0.03% 28,400 $518K No change
GM General Motors Co. 0.03% 8,153 $497K No change
IYR iShares US Real Estate ETF 0.03% 5,100 $495K No change
INTC Intel Corp. 0.03% 14,180 $476K Reduce -0.9%
IWY iShares Russell Top 200 Grow 0.03% 1,736 $475K No change
WMB Williams Cos Inc. 0.03% 7,368 $467K Add +0.8%
DELL Dell Technologies -C 0.03% 3,259 $462K Add +1.2%
UPS United Parcel Service Class B 0.03% 5,444 $455K Reduce -4.0%
JGLO JPMorgan GLBL SLCT Eq ETF 0.03% 6,647 $450K No change
PFF iShares Preferred & Income S 0.03% 14,177 $448K Reduce -6.5%
ADM Archer-Daniels-Midland Co. 0.03% 7,486 $447K No change
CG The Carlyle Group Inc. 0.03% 7,131 $447K No change
CHD Church & Dwight Co. Inc. 0.03% 5,100 $447K Add +2.0%
MSA Msa Safety Inc. 0.03% 2,595 $447K No change
NULG Nuveen ESG LRG-Cap GRW ETF 0.03% 4,487 $446K No change
SWK Stanley Black & Decker Inc. 0.03% 5,989 $445K Reduce -5.9%
PVAL Putnam Focused LRG Cap Value 0.03% 10,382 $444K Reduce -2.2%
SMOT Vaneck Morningstar Smid Moat 0.03% 12,208 $440K No change
SCHA Schwab US Small-Cap ETF 0.03% 15,477 $432K No change
ACN Accenture PLC Class A 0.03% 1,744 $430K Reduce -40.5%
CHDN Churchill Downs Inc. 0.02% 4,400 $427K No change
FTCS First Trust Capital Strength 0.02% 4,554 $426K No change
FVAL Fidelity Value Factor ETF 0.02% 6,167 $425K No change
AMAT Applied Materials Inc. 0.02% 2,072 $424K Reduce -13.9%
TT Trane Technologies PLC 0.02% 999 $422K Add +6.7%
FSMB First Trust Short Dur Manag 0.02% 20,396 $410K Add +24.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 1,309 $403K Add +0.1%
PAYX Paychex Inc. 0.02% 3,141 $398K No change
ESGV Vanguard ESG US Stock ETF 0.02% 3,349 $397K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.02% 1,321 $393K No change
CBOE Cboe Global Markets Inc. 0.02% 1,600 $392K No change
CAE Cae Inc. 0.02% 13,152 $390K No change
IYH iShares U.S. Healthcare ETF 0.02% 6,535 $384K No change
MDT Medtronic PLC 0.02% 3,910 $372K No change
GRID First TRST Nasd Class Edg Sgiif 0.02% 2,458 $371K No change
HOLX Hologic Inc. 0.02% 5,500 $371K No change
FAST Fastenal Co. 0.02% 7,555 $370K Add +11.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.02% 1,192 $369K No change
HTGC Hercules Capital Inc. 0.02% 19,385 $367K No change
IQV Iqvia Holdings Inc. 0.02% 1,920 $365K No change
CSX CSX Corp. 0.02% 10,221 $363K Reduce -1.9%
XEL Xcel Energy Inc. 0.02% 4,487 $362K No change
MGM MGM Resorts International 0.02% 10,380 $360K No change
IJS iShares S&P Small-Cap 600 Va 0.02% 3,208 $355K New
EPD Enterprise Products Partners 0.02% 11,307 $354K Add +7.8%
MET Metlife Inc. 0.02% 4,282 $353K Add +46.8%
HSY The Hershey Co. 0.02% 1,869 $350K No change
CEF Sprott Physical Gold and Sil 0.02% 9,450 $347K No change
RJF Raymond James Financial Inc. 0.02% 2,005 $346K No change
DOW Dow Inc. 0.02% 15,048 $345K Add +1.1%
QUAL iShares MSCI USA Quality Fac 0.02% 1,759 $342K Reduce -1.2%
IEI iShares 3-7 Year Treasury Bo 0.02% 2,837 $339K No change
FSMD Fidelity Small-Mid Multifact 0.02% 7,596 $334K Add +22.5%
BSX Boston Scientific Corp. 0.02% 3,404 $332K No change
WASH Washington Trust Bancorp 0.02% 11,494 $332K Reduce -0.3%
WEC WEC Energy Group Inc. 0.02% 2,895 $332K No change
IWD iShares Russell 1000 Value E 0.02% 1,620 $330K No change
IWV iShares Russell 3000 ETF 0.02% 868 $329K Reduce -20.1%
CWEN.A Clearway Energy Inc. Class A 0.02% 12,141 $327K No change
KMI Kinder Morgan Inc. 0.02% 11,518 $326K Add +13.3%
DVN Devon Energy Corp. 0.02% 9,280 $325K No change
PWR Quanta Services Inc. 0.02% 785 $325K Reduce -0.1%
ECL Ecolab Inc. 0.02% 1,172 $321K Add +13.0%
NKE Nike Inc. Class B 0.02% 4,601 $321K No change
CTAS Cintas Corp. 0.02% 1,536 $315K Reduce -6.3%
FDL First Trust Morn DVD Lead Inc. 0.02% 7,260 $315K No change
SBRA Sabra Health Care REIT Inc. 0.02% 16,882 $315K No change
MSTR Strategy Inc. 0.02% 967 $312K Reduce -0.2%
BILS SS Spdrb B 3-12M T-Bill ETF 0.02% 3,122 $311K No change
CLX Clorox Company 0.02% 2,509 $309K Add +4.6%
CWB SS SPDR BB Conv Sec ETF 0.02% 3,416 $309K No change
C Citigroup Inc. 0.02% 3,038 $308K New
RDVY First Trust Rising Dividend 0.02% 4,554 $306K Reduce -11.6%
IWB iShares Russell 1000 ETF 0.02% 837 $306K Reduce -2.0%
VOOV Vanguard S&P 500 Value ETF 0.02% 1,519 $303K Add +0.1%
LAMR Lamar Advertising Co. Class A 0.02% 2,407 $295K Reduce -15.2%
VRSN Verisign Inc. 0.02% 1,050 $294K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.02% 632 $293K Add +17.0%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.02% 4,666 $287K No change
BWA Borgwarner Inc. 0.02% 6,500 $286K No change
KNTK Kinetik Holdings Inc. 0.02% 6,572 $281K No change
QJUN FT Vest Nasdaq-100 Buffer Et 0.02% 9,000 $280K No change
GILD Gilead Sciences Inc. 0.02% 2,510 $279K Reduce -0.2%
HIG Hartford Insurance Group Inc. 0.02% 2,084 $278K Reduce -1.2%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.02% 6,000 $273K New
CMCSA Comcast Corp. Class A 0.02% 8,598 $270K Reduce -46.6%
TSLX Sixth Street Specialty Lendi 0.02% 11,701 $267K No change
MRSH Marsh & McLennan Cos 0.02% 1,321 $266K Reduce -6.4%
COF Capital One Financial Corp. 0.02% 1,244 $265K Reduce -4.6%
EOG EOG Resources Inc. 0.02% 2,344 $263K Reduce -7.1%
RAAX Vaneck Real Assets ETF 0.02% 7,580 $261K New
ICE Intercontinental Exchange Inc. 0.02% 1,538 $259K Reduce -0.1%
XAR SS SPDR S&P Aerospace Def 0.01% 1,099 $258K No change
RHP Ryman Hospitality Properties 0.01% 2,825 $253K No change
MCO Moody's Corp. 0.01% 531 $253K No change
SPYV SS SPDR P S&P 500 Value ETF 0.01% 4,534 $251K No change
IWR iShares Russell Mid-Cap ETF 0.01% 2,540 $245K Reduce -11.2%
TMUS T-Mobile US Inc. 0.01% 1,012 $242K Reduce -9.0%
BN Brookfield Corp. 0.01% 3,525 $242K Add +2.9%
ARCC Ares Capital Corp. 0.01% 11,833 $242K Add +1.1%
QQQM Invesco Nasdaq 100 ETF 0.01% 971 $240K New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.01% 2,907 $236K Reduce -9.9%
EZM Wisdomtree US Midcap Fund 0.01% 3,512 $231K Add +0.3%
KVUE Kenvue Inc. 0.01% 14,194 $230K No change
XLY SS Consumer Disc Select Sect 0.01% 919 $220K Reduce -16.1%
TGT Target Corp. 0.01% 2,445 $219K Reduce -3.4%
OHI Omega Healthcare Investors 0.01% 5,180 $219K New
PPA Invesco Aerospace & Defense 0.01% 1,404 $218K New
CAG Conagra Brands Inc. 0.01% 11,833 $217K New
WDC Western Digital Corp. 0.01% 1,800 $216K New
VWO Vanguard Ftse Emerging Marke 0.01% 3,909 $212K New
SPHD Invesco S&P 500 High Dividen 0.01% 4,272 $211K No change
TIP iShares Tips Bond ETF 0.01% 1,882 $209K Reduce -5.0%
FLNG Flex LNG Ltd. 0.01% 8,306 $209K New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.01% 6,385 $208K No change
LYB Lyondellbasell Indu Class A 0.01% 4,212 $207K Add +16.0%
PSTL Postal Realty Trust Inc. Class A 0.01% 11,795 $185K No change
ETV Eaton Vance T/M Buy-Writ Opp 0.01% 12,800 $182K No change
AMBP Ardagh Metal Packaging SA 0.01% 44,086 $176K Add +14.9%
WU Western Union Co. 0.01% 17,533 $140K No change
RQI Cohen & Steers Qual Inc. RLTY 0.01% 10,373 $129K No change
VTRS Viatris Inc. 0.01% 12,242 $121K Reduce -0.1%
NMZ Nuveen Muni Hi Inc. Opport 0.01% 11,000 $116K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 647$828KNo change
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 6,230$368KNo change

Total filed on the 13F, all lines: $1.7B.

Portfolio Sells Q2 2025 → Q3 2025
SPGP Invesco S&P 500 Garp ETF Reduce -58.4% 0.31% −0.45
SCHD Schwab US DVD Equity ETF Reduce -24.4% 1.14% −0.43
JPST JPMorgan Ultra-Short Income Sold out 0.00% −0.33
AMZN Amazon.com Inc. Reduce -0.5% 2.05% −0.17
MSFT Microsoft Corp. Reduce -0.6% 3.35% −0.13
SMTH Alps SMTH Cor BD Plus ETF Reduce -2.4% 1.16% −0.10
V Visa Inc. Class A Reduce -0.8% 0.78% −0.10
TXN Texas Instruments Inc. Reduce -6.0% 0.29% −0.08
CSCO Cisco Systems Inc. Reduce -0.2% 0.76% −0.07
FMHI First Trust Municipal High I Reduce -2.8% 0.79% −0.07
PM Philip Morris International Reduce -0.7% 0.32% −0.07
META Meta Platforms Inc. Class A Reduce -1.2% 0.66% −0.06
NFLX Netflix Inc. Reduce -0.3% 0.27% −0.06
GIS General Mills Inc. Reduce -49.0% 0.04% −0.05
COST Costco Wholesale Corp. Reduce -0.6% 0.32% −0.05
MCD McDonald's Corp. Reduce -0.1% 1.20% −0.04
PANW Palo Alto Networks Inc. Reduce -4.4% 0.32% −0.04
VGSH Vanguard Short-Term Treasury Sold out 0.00% −0.04
QCOM Qualcomm Inc. Reduce -6.5% 0.37% −0.04
PYPL PayPal Holdings Inc. Reduce -44.6% 0.03% −0.04
XMHQ Invesco S&P Midcap Qual ETF Reduce -7.9% 0.38% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 0.83% −0.04
SO The Southern Co. Reduce -1.3% 0.57% −0.03
CRM Salesforce Inc. Reduce -0.1% 0.13% −0.03
EMR Emerson Electric Co. Reduce -0.8% 0.30% −0.03
DIS The Walt Disney Co. Reduce -2.0% 0.16% −0.03
ISRG Intuitive Surgical Inc. Reduce -0.3% 0.10% −0.03
ACN Accenture PLC Class A Reduce -40.5% 0.03% −0.03
ADBE Adobe Inc. Reduce -35.1% 0.03% −0.03
NOW ServiceNow Inc. Reduce -4.3% 0.11% −0.03
SHY iShares 1-3 Year Treasury Bo Sold out 0.00% −0.03
IGV iShares Expanded Tech-Softwa Reduce -1.9% 0.55% −0.02
PEP Pepsico Inc. Reduce -11.6% 0.15% −0.02
CMCSA Comcast Corp. Class A Reduce -46.6% 0.02% −0.02
VYM Vanguard High DVD Yield ETF Reduce -0.2% 0.98% −0.02
VST Vistra Corp. Reduce -4.3% 0.16% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.8% 0.52% −0.02
MTUM iShares MSCI USA Momentum Fa Sold out 0.00% −0.02
CRWD CrowdStrike Holdings Inc. Class A Reduce -24.9% 0.03% −0.02
AWK American Water Works Co. Inc. Sold out 0.00% −0.02
CCI Crown Castle Inc. Sold out 0.00% −0.01
VZ Verizon Communications Inc. Reduce -7.0% 0.11% −0.01
BUD Anheuser-Busch Inbev-SPN ADR Sold out 0.00% −0.01
MA Mastercard Inc. Class A Reduce -1.0% 0.19% −0.01
SBUX Starbucks Corp. Reduce -11.5% 0.05% −0.01
USMV iShares MSCI USA Min Vol Fac Sold out 0.00% −0.01
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −0.01
XLI SS Industrial Select Sector Reduce -11.6% 0.08% −0.01
SBLK Star Bulk Carriers Corp. Sold out 0.00% −0.01
AMT American Tower Corp. Reduce -8.3% 0.03% −0.01

Portfolio Buys Q2 2025 → Q3 2025
XLG Invesco S&P 500 Top 50 ETF Add +2.2% 9.16% +0.42
TSLA Tesla Inc. Add +1.9% 0.60% +0.15
JNJ Johnson & Johnson Add +0.2% 1.20% +0.14
SMH Vaneck Semiconductor ETF Add +2.0% 1.24% +0.12
XMMO Invesco S&P Midcap Momentum Add +720.5% 0.11% +0.10
VOOG Vanguard S&P 500 Growth ETF Add +4.5% 1.47% +0.09
QQQ Invesco QQQ Trust Series 1 Add +17.3% 0.54% +0.09
CAT Caterpillar Inc. Add +0.8% 0.59% +0.08
CMI Cummins Inc. Add +0.3% 0.40% +0.07
VUG Vanguard Mrngstar GR ETF-Sui Add +0.1% 3.56% +0.06
ABBV Abbvie Inc. Add +0.4% 0.44% +0.06
UNH Unitedhealth Group Inc. Add +19.7% 0.33% +0.06
PWRD TCW Transform Systems ETF Add +238.3% 0.08% +0.06
CGGE Cap Group Global Eq New 0.06% +0.06
IDVO Amplify CWP Intl Enh DVD Inc. Add +132.9% 0.10% +0.05
HD Home Depot Inc. Add +2.0% 0.98% +0.04
GLD SPDR Gold Shares Add +61.0% 0.09% +0.04
XLK SS Technology Select Sector Add +23.1% 0.17% +0.04
NEE Nextera Energy Inc. Add +15.7% 0.18% +0.03
MTB M & T Bank Corp. Add +77.9% 0.06% +0.03
JMST JPM Ultra-Short Muni Income Add +11.5% 0.65% +0.02
IJR iShares Core S&P Small-Cap E Add +28.8% 0.09% +0.02
IJS iShares S&P Small-Cap 600 Va New 0.02% +0.02
AMD Advanced Micro Devices Add +43.8% 0.06% +0.02
C Citigroup Inc. New 0.02% +0.02
FBTC Fidelity Wise Origin Bitcoin Add +25.0% 0.09% +0.02
DIVO Amplify CWP Enhan Divid ETF Add +23.2% 0.10% +0.02
PRFZ Inv Rafi US 1500 SM-Usd Inc. New 0.02% +0.02
TPL Texas Pacific Land Corp. Add +48.3% 0.09% +0.02
BAC Bank of America Corp. Add +3.2% 0.36% +0.02
IAU iShares Gold Trust Add +11.9% 0.09% +0.02
RAAX Vaneck Real Assets ETF New 0.02% +0.02
JAAA Janus Henderson Aaa Clo ETF Add +71.2% 0.04% +0.01
QQQM Invesco Nasdaq 100 ETF New 0.01% +0.01
TCAF T Rowe PRC Cap Appreciation Add +2.6% 0.75% +0.01
PPA Invesco Aerospace & Defense New 0.01% +0.01
OHI Omega Healthcare Investors New 0.01% +0.01
CAG Conagra Brands Inc. New 0.01% +0.01
WDC Western Digital Corp. New 0.01% +0.01
VWO Vanguard Ftse Emerging Marke New 0.01% +0.01
FLNG Flex LNG Ltd. New 0.01% +0.01
AVGO Broadcom Inc. Add +2.6% 0.10% +0.01
NOC Northrop Grumman Corp. Add +0.8% 0.08% +0.01
ITA iShares U.S. Aerospace & Def Add +0.0% 0.32% +0.01
NVO Novo-Nordisk A/S-Spons ADR Add +72.9% 0.04% +0.01
CVX Chevron Corp. Add +1.2% 0.48% +0.01
D Dominion Energy Inc. Add +4.1% 0.21% +0.01
GEV GE Vernova Inc. Add +1.9% 0.08% +0.01
PNC PNC Financial Services Group Add +2.5% 0.28% +0.01
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +23.0% 0.03% +0.01

Notes & Other Activity Q2 2025 → Q3 2025
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 Sold out 10,645 $423Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 395$2.0BXLG, BKDV, JPM, AAPL, VUG
Q1 2026 378$1.7BXLG, BKDV, JPM, AAPL, VUG
Q4 2025 369$1.8BXLG, JPM, BKDV, AAPL, VUG
Q3 2025 357$1.7BXLG, JPM, BKDV, AAPL, VUG
Q2 2025 355$1.6BXLG, JPM, BKDV, AAPL, VUG
Q1 2025 338$1.4BJPM, AAPL, XLG, VIG, VUG
Q4 2024 332$1.4BAAPL, JPM, XLG, VUG, VIG
Q3 2024 338$1.4BAAPL, JPM, VIG, MSFT, VUG
Q2 2024 323$1.3BAAPL, JPM, MSFT, VIG, VUG
Q1 2024Amended 341$1.3BJPM, AAPL, VIG, MSFT, SCHD