PVG Asset Management Corp.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed June 4, 2025), PVG Asset Management Corp. reported 46 stock positions worth $23.0 million. Its top holding was Dir DLY SP 500 BR 1X ETF-Usi (SPDN) at 17.8% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 13.8%) and Vanguard S&P 500 ETF (VOO, 5.0%). Compared with Q4 2024, it opened 13 new positions, sold out of 13, added to 12 and reduced 18. The biggest buy was a new position in Dir DLY SP 500 BR 1X ETF-Usi (SPDN) and the biggest sale an exit from Nuveen S&P 500 Buy-WR (XBXMX).
- Most Recent 13F
- Q2 2026
- Location
- GOLDEN, CO
- CIK
- 0000820434
- Portfolio Value
- $23.0M (Q1 2025)
- SEC Filing
- 0000820434-25-000004 ↗ filed Jun 4, 2025
Holdings Value
Holdings 46 stocks · $23.0M
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | 17.75% | 351,871 | $4.1M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 13.82% | 34,618 | $3.2M | Add +478.7% |
| VOO Vanguard S&P 500 ETF | 4.97% | 2,224 | $1.1M | Reduce -0.1% |
| DERM Journey Medical Corp. | 4.48% | 174,379 | $1.0M | Add +3.7% |
| IVV iShares Core S&P 500 ETF | 3.97% | 1,622 | $911K | Reduce -3.9% |
| AMZN Amazon.com Inc. | 3.45% | 4,164 | $792K | Add +23.0% |
| VERU Veru Inc. | 3.41% | 1,596,900 | $783K | Add +52.5% |
| FBIO Fortress Biotech Inc. | 3.21% | 472,221 | $737K | Add +22.2% |
| AVXL Anavex Life Sciences Corp. | 3.09% | 82,608 | $709K | Add +5.3% |
| AAPL Apple Inc. | 2.42% | 2,506 | $557K | Reduce -6.7% |
| NVDA Nvidia Corp. | 2.37% | 5,024 | $545K | Reduce -19.1% |
| MSFT Microsoft Corp. | 2.14% | 1,312 | $493K | Add +2.0% |
| ABBV Abbvie Inc. | 2.09% | 2,291 | $480K | Reduce -4.2% |
| GOOG Alphabet Inc. Class C | 1.90% | 2,799 | $437K | Add +38.1% |
| CRDL Cardiol Therapeutics Inc. Class A | 1.85% | 437,362 | $424K | Reduce -10.3% |
| FTHY First Trust Hi YLD Opp 2027 | 1.73% | 27,515 | $398K | Add +2.8% |
| DX Dynex Capital Inc. | 1.62% | 28,500 | $371K | Reduce -27.8% |
| XOM Exxon Mobil Corp. | 1.60% | 3,089 | $367K | No change |
| JEPI JPMorgan Equity Premium Inco | 1.53% | 6,160 | $352K | New |
| GRAL Grail Inc. | 1.47% | 13,248 | $338K | Reduce -40.6% |
| AXON Axon Enterprise Inc. | 1.40% | 610 | $321K | Reduce -6.2% |
| PFE Pfizer Inc. | 1.28% | 11,634 | $295K | Reduce -54.2% |
| PEP Pepsico Inc. | 1.28% | 1,961 | $294K | Reduce -5.8% |
| GLW Corning Inc. | 1.28% | 6,400 | $293K | Reduce -1.5% |
| GAP The Gap Inc. | 1.17% | 13,009 | $268K | New |
| HSY The Hershey Co. | 1.17% | 1,567 | $268K | Reduce -7.9% |
| CAG Conagra Brands Inc. | 1.09% | 9,389 | $250K | New |
| FTSL First Trust Senior Loan ETF | 1.07% | 5,402 | $247K | Add +4.5% |
| IWM iShares Russell 2000 ETF | 1.07% | 1,231 | $246K | Reduce -52.1% |
| MSC Income Fund Inc. (mscf) | 1.06% | 14,788 | $244K | Reduce -50.0% |
| AVGO Broadcom Inc. | 0.95% | 1,310 | $219K | Reduce -43.8% |
| VKTX Viking Therapeutics Inc. | 0.95% | 9,053 | $219K | New |
| CKPT Checkpoint Therapeutics Inc. | 0.93% | 53,125 | $215K | Reduce -57.0% |
| RWAY Runway Growth Finance Corp. | 0.93% | 20,550 | $213K | New |
| AXP American Express Co. | 0.92% | 786 | $211K | New |
| GE General Electric filed as GE AEROSPACE | 0.91% | 1,042 | $209K | New |
| IBD Inspire Corporate Bond ETF | 0.89% | 8,611 | $205K | New |
| AGNC AGNC Investment Corp. | 0.87% | 20,967 | $201K | Reduce -18.9% |
| PIM Franklin Master Interm IT-Ui filed as PUTNAM MASTER INTER INCOME T | 0.68% | 47,072 | $156K | Add +2.1% |
| GNLX Genelux Corp. | 0.34% | 29,150 | $79K | New |
| ALT Altimmune Inc. | 0.31% | 14,025 | $70K | New |
| CALC Calcimedica Inc. | 0.25% | 30,385 | $58K | New |
| VNDA Vanda Pharmaceuticals Inc. | 0.21% | 10,375 | $48K | New |
| BCAB Bioatla Inc. | 0.10% | 65,000 | $23K | Add +80.6% |
| FOFA Family Office of America Inc. filed as DYNEX CAP INC COM (dx) | 0.03% | 22,284 | $6K | No change |
| Greene Concepts Inc. (inkw) filed as Anavex Life Sciences Corp. (avxl) | 0.00% | 250,000 | $275 | No change |
Portfolio Sells Q4 2024 → Q1 2025
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Sold out | 0.00% | −6.05 |
| SH Proshares Short S&P500 | Sold out | 0.00% | −4.98 |
| PROSHARES TR | Sold out | 0.00% | −2.37 |
| PFE Pfizer Inc. | Reduce -54.2% | 1.28% | −1.90 |
| AVDL Avadel Pharmaceuticals Ltd. | Sold out | 0.00% | −1.69 |
| IWM iShares Russell 2000 ETF | Reduce -52.1% | 1.07% | −1.62 |
| AVGO Broadcom Inc. | Reduce -43.8% | 0.95% | −1.60 |
| NVDA Nvidia Corp. | Reduce -19.1% | 2.37% | −1.57 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −1.56 |
| TGT Target Corp. | Sold out | 0.00% | −1.29 |
| JACK Jack in the Box Inc. | Sold out | 0.00% | −1.13 |
| CRDL Cardiol Therapeutics Inc. Class A | Reduce -10.3% | 1.85% | −1.10 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −1.08 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.06 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.96 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.95 |
| CKPT Checkpoint Therapeutics Inc. | Reduce -57.0% | 0.93% | −0.94 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.91 |
| AAPL Apple Inc. | Reduce -6.7% | 2.42% | −0.76 |
| DX Dynex Capital Inc. | Reduce -27.8% | 1.62% | −0.75 |
| IVV iShares Core S&P 500 ETF | Reduce -3.9% | 3.97% | −0.73 |
| AIP Arteris Inc. | Sold out | 0.00% | −0.71 |
| VOO Vanguard S&P 500 ETF | Reduce -0.1% | 4.97% | −0.70 |
| AXON Axon Enterprise Inc. | Reduce -6.2% | 1.40% | −0.43 |
| GRAL Grail Inc. | Reduce -40.6% | 1.47% | −0.41 |
| AGNC AGNC Investment Corp. | Reduce -18.9% | 0.87% | −0.25 |
| PEP Pepsico Inc. | Reduce -5.8% | 1.28% | −0.22 |
| HSY The Hershey Co. | Reduce -7.9% | 1.17% | −0.20 |
| GLW Corning Inc. | Reduce -1.5% | 1.28% | −0.19 |
| MSC Income Fund Inc. (mscf) | Reduce -50.0% | 1.06% | −0.02 |
| ABBV Abbvie Inc. | Reduce -4.2% | 2.09% | +0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | New | 17.75% | +17.75 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +478.7% | 13.82% | +11.23 |
| JEPI JPMorgan Equity Premium Inco | New | 1.53% | +1.53 |
| DERM Journey Medical Corp. | Add +3.7% | 4.48% | +1.37 |
| GAP The Gap Inc. | New | 1.17% | +1.17 |
| CAG Conagra Brands Inc. | New | 1.09% | +1.09 |
| VKTX Viking Therapeutics Inc. | New | 0.95% | +0.95 |
| RWAY Runway Growth Finance Corp. | New | 0.93% | +0.93 |
| AXP American Express Co. | New | 0.92% | +0.92 |
| GE General Electric | New | 0.91% | +0.91 |
| IBD Inspire Corporate Bond ETF | New | 0.89% | +0.89 |
| GNLX Genelux Corp. | New | 0.34% | +0.34 |
| ALT Altimmune Inc. | New | 0.31% | +0.31 |
| CALC Calcimedica Inc. | New | 0.25% | +0.25 |
| VNDA Vanda Pharmaceuticals Inc. | New | 0.21% | +0.21 |
| VERU Veru Inc. | Add +52.5% | 3.41% | +0.18 |
| GOOG Alphabet Inc. Class C | Add +38.1% | 1.90% | +0.08 |
| BCAB Bioatla Inc. | Add +80.6% | 0.10% | −0.00 |
| PIM Franklin Master Interm IT-Ui | Add +2.1% | 0.68% | −0.03 |
| FTSL First Trust Senior Loan ETF | Add +4.5% | 1.07% | −0.06 |
| AMZN Amazon.com Inc. | Add +23.0% | 3.45% | −0.07 |
| FTHY First Trust Hi YLD Opp 2027 | Add +2.8% | 1.73% | −0.10 |
| MSFT Microsoft Corp. | Add +2.0% | 2.14% | −0.42 |
| FBIO Fortress Biotech Inc. | Add +22.2% | 3.21% | −0.49 |
| AVXL Anavex Life Sciences Corp. | Add +5.3% | 3.09% | −0.90 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 129 | $172.7M | JEPQ, AMD, MRVL, VOO, QQQ |
| Q1 2026 | 121 | $168.8M | JEPQ, AMD, MRVL, VOO, QQQ |
| Q4 2025 | 91 | $47.1M | BIL, JEPQ, VOO, PIM, NVDA |
| Q3 2025 | 67 | $27.2M | VOO, AVXL, IVV, NVDA, DERM |
| Q2 2025 | 58 | $29.4M | BIL, VOO, DERM, AVXL, IVV |
| Q1 2025 | 46 | $23.0M | SPDN, BIL, VOO, DERM, IVV |
| Q4 2024 | 46 | $21.1M | XBXMX, VOO, SH, IVV, AVXL |
| Q3 2024 | 44 | $24.9M | BIL, PROSHARES TR, VOO, IVV, DERM |
| Q2 2024 | 36 | $25.2M | BIL, IVV, PROSHARES TR, VOO, XBXMX |