Refined Wealth Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Refined Wealth Management reported 33 stock positions worth $145.5 million. Its top holding was Coinbase Global Class A (COIN) at 14.2% of the portfolio, followed by Vanguard Total Intl Bond ETF (BNDX, 11.4%) and Vanguard ESG Intl Stock ETF (VSGX, 11.0%). Compared with Q1 2025, it opened 6 new positions, added to 17 and reduced 4. The biggest buy was Coinbase Global Class A (COIN, shares +2%) and the biggest sale Apple (AAPL, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001724729
- Portfolio Value
- $145.5M (Q2 2025)
- SEC Filing
- 0001724729-25-000005 ↗ filed Jul 17, 2025
Holdings Value
Holdings 33 stocks · $145.5M
| COIN Coinbase Global Inc. Class A | 14.15% | 58,748 | $20.6M | Add +1.6% |
| BNDX Vanguard Total Intl Bond ETF | 11.41% | 335,394 | $16.6M | Add +0.3% |
| VSGX Vanguard ESG Intl Stock ETF | 10.96% | 243,425 | $15.9M | Add +0.7% |
| QQQ Invesco QQQ Trust Series 1 | 9.47% | 24,987 | $13.8M | Add +1.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 7.92% | 65,211 | $11.5M | Add +1.3% |
| BITB Bitwise Bitcoin ETF | 7.22% | 179,375 | $10.5M | Add +0.6% |
| SRLN SS Blackstone Sr Loan ETF | 6.02% | 210,651 | $8.8M | Add +0.3% |
| BIV Vanguard Intermediate-Term B | 5.17% | 97,222 | $7.5M | Add +0.2% |
| ENVX Enovix Corp. | 4.91% | 691,161 | $7.1M | Add +2.3% |
| GLD SPDR Gold Shares | 3.52% | 16,789 | $5.1M | Add +0.0% |
| TLT iShares 20+ Year Treasury BD | 3.46% | 57,026 | $5.0M | Add +0.2% |
| VCLT Vanguard Long-Term Corp. Bond | 3.43% | 65,669 | $5.0M | Add +0.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.56% | 13,285 | $3.7M | Add +2.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.29% | 14,081 | $3.3M | Add +2.6% |
| NXH Neighborhood Intelligence Inc. filed as BEYOND INC | 1.98% | 419,149 | $2.9M | Add +0.3% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.83% | 12,853 | $1.2M | Reduce -4.2% |
| VOO Vanguard S&P 500 ETF | 0.76% | 1,959 | $1.1M | Add +0.1% |
| AMZN Amazon.com Inc. | 0.65% | 4,283 | $940K | Reduce -5.6% |
| FTSM First Trust Enh Short Mat FD | 0.61% | 14,811 | $887K | No change |
| NVDA Nvidia Corp. | 0.53% | 4,870 | $769K | Reduce -1.3% |
| AAPL Apple Inc. | 0.39% | 2,750 | $564K | Reduce -7.4% |
| UNP Union Pacific Corp. | 0.38% | 2,412 | $555K | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 698 | $339K | No change |
| META Meta Platforms Inc. Class A | 0.19% | 368 | $272K | New |
| SUSA iShares ESG Optimized MSCI U | 0.16% | 1,833 | $232K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.15% | 3,485 | $213K | New |
| TSLA Tesla Inc. | 0.15% | 668 | $212K | New |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 0.14% | 6,031 | $208K | New |
| ETN Eaton Corp. PLC | 0.14% | 582 | $208K | New |
| GLDM SPDR Gold Minishares Trust | 0.14% | 3,072 | $201K | New |
| NXE Nexgen Energy Ltd. | 0.05% | 11,000 | $76K | No change |
| DNN Denison Mines Corp. | 0.01% | 10,850 | $20K | No change |
| URG Ur-Energy Inc. | 0.01% | 10,800 | $11K | No change |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| COIN Coinbase Global Inc. Class A | Add +1.6% | 14.15% | +6.01 |
| ENVX Enovix Corp. | Add +2.3% | 4.91% | +0.86 |
| BITB Bitwise Bitcoin ETF | Add +0.6% | 7.22% | +0.68 |
| META Meta Platforms Inc. Class A | New | 0.19% | +0.19 |
| IBIT iShares Bitcoin Trust ETF | New | 0.15% | +0.15 |
| TSLA Tesla Inc. | New | 0.15% | +0.15 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | New | 0.14% | +0.14 |
| ETN Eaton Corp. PLC | New | 0.14% | +0.14 |
| GLDM SPDR Gold Minishares Trust | New | 0.14% | +0.14 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.6% | 9.47% | +0.05 |
| NXH Neighborhood Intelligence Inc. | Add +0.3% | 1.98% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.1% | 0.76% | −0.06 |
| UNP Union Pacific Corp. | Add +1.0% | 0.38% | −0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.6% | 2.29% | −0.19 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +2.2% | 2.56% | −0.19 |
| GLD SPDR Gold Shares | Add +0.0% | 3.52% | −0.44 |
| VCLT Vanguard Long-Term Corp. Bond | Add +0.0% | 3.43% | −0.65 |
| VSGX Vanguard ESG Intl Stock ETF | Add +0.7% | 10.96% | −0.70 |
| TLT iShares 20+ Year Treasury BD | Add +0.2% | 3.46% | −0.78 |
| BIV Vanguard Intermediate-Term B | Add +0.2% | 5.17% | −0.91 |
| SRLN SS Blackstone Sr Loan ETF | Add +0.3% | 6.02% | −1.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.3% | 7.92% | −1.17 |
| BNDX Vanguard Total Intl Bond ETF | Add +0.3% | 11.41% | −1.93 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 49 | $165.7M | VEA, QQQ, RSP, COIN, PYLD |
| Q1 2026 | 50 | $158.4M | VEA, QQQ, RSP, COIN, CVX |
| Q4 2025 | 43 | $148.6M | VSGX, QQQ, BNDX, COIN, VTV |
| Q3 2025 | 36 | $155.6M | COIN, VSGX, BNDX, QQQ, VTV |
| Q2 2025 | 33 | $145.5M | COIN, BNDX, VSGX, QQQ, VTV |
| Q1 2025 | 27 | $122.2M | BNDX, VSGX, QQQ, VTV, COIN |
| Q4 2024 | 27 | $131.4M | NULG, BNDX, VSGX, COIN, SRLN |
| Q3 2024 | 27 | $129.7M | BNDX, NULG, VSGX, SRLN, COIN |
| Q2 2024 | 28 | $129.7M | NULG, BNDX, VSGX, COIN, SRLN |
| Q1 2024 | 29 | $142.0M | BNDX, NULG, VSGX, COIN, NXH |