Refined Wealth Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Refined Wealth Management reported 36 stock positions worth $155.6 million. Its top holding was Coinbase Global Class A (COIN) at 12.6% of the portfolio, followed by Vanguard ESG Intl Stock ETF (VSGX, 10.7%) and Vanguard Total Intl Bond ETF (BNDX, 10.0%). Compared with Q2 2025, it opened 3 new positions, added to 16 and reduced 9. The biggest buy was a new position in XRP ETF (XRPI) and the biggest sale Coinbase Global Class A (COIN, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001724729
- Portfolio Value
- $155.6M (Q3 2025)
- SEC Filing
- 0001724729-25-000008 ↗ filed Oct 21, 2025
Holdings Value
Holdings 36 stocks · $155.6M
| COIN Coinbase Global Inc. Class A | 12.59% | 58,056 | $19.6M | Reduce -1.2% |
| VSGX Vanguard ESG Intl Stock ETF | 10.73% | 240,811 | $16.7M | Reduce -1.1% |
| BNDX Vanguard Total Intl Bond ETF | 9.96% | 313,503 | $15.5M | Reduce -6.5% |
| QQQ Invesco QQQ Trust Series 1 | 9.44% | 24,473 | $14.7M | Reduce -2.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 7.79% | 65,001 | $12.1M | Reduce -0.3% |
| BITB Bitwise Bitcoin ETF | 7.51% | 187,728 | $11.7M | Add +4.7% |
| SRLN SS Blackstone Sr Loan ETF | 5.85% | 219,125 | $9.1M | Add +4.0% |
| ENVX Enovix Corp. | 5.12% | 799,290 | $8.0M | Add +15.6% |
| BIV Vanguard Intermediate-Term B | 5.11% | 101,797 | $7.9M | Add +4.7% |
| GLD SPDR Gold Shares | 3.73% | 16,309 | $5.8M | Reduce -2.9% |
| TLT iShares 20+ Year Treasury BD | 3.39% | 58,962 | $5.3M | Add +3.4% |
| VCLT Vanguard Long-Term Corp. Bond | 3.38% | 67,699 | $5.3M | Add +3.1% |
| NXH Neighborhood Intelligence Inc. filed as BED BATH & BEYOND INC | 2.62% | 416,058 | $4.1M | Reduce -0.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.50% | 13,232 | $3.9M | Reduce -0.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.30% | 14,092 | $3.6M | Add +0.1% |
| XRPI XRP ETF | 1.79% | 160,851 | $2.8M | New |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.80% | 12,505 | $1.2M | Reduce -2.7% |
| VOO Vanguard S&P 500 ETF | 0.77% | 1,963 | $1.2M | Add +0.2% |
| AMZN Amazon.com Inc. | 0.61% | 4,293 | $943K | Add +0.2% |
| NVDA Nvidia Corp. | 0.59% | 4,885 | $911K | Add +0.3% |
| FTSM First Trust Enh Short Mat FD | 0.57% | 14,811 | $887K | No change |
| AAPL Apple Inc. | 0.47% | 2,850 | $726K | Add +3.6% |
| UNP Union Pacific Corp. | 0.37% | 2,440 | $577K | Add +1.2% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 8,204 | $492K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 860 | $432K | Add +23.2% |
| XMAG Defiance Le Cap Ex-Mag 7 ETF | 0.22% | 15,350 | $340K | New |
| TSLA Tesla Inc. | 0.19% | 668 | $297K | No change |
| META Meta Platforms Inc. Class A | 0.17% | 368 | $270K | No change |
| SUSA iShares ESG Optimized MSCI U | 0.16% | 1,833 | $249K | No change |
| ETN Eaton Corp. PLC | 0.15% | 641 | $240K | Add +10.1% |
| GLDM SPDR Gold Minishares Trust | 0.15% | 3,072 | $235K | No change |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | 0.15% | 6,039 | $229K | Add +0.1% |
| IBIT iShares Bitcoin Trust ETF | 0.15% | 3,510 | $228K | Add +0.7% |
| NXE Nexgen Energy Ltd. | 0.06% | 11,000 | $98K | No change |
| DNN Denison Mines Corp. | 0.02% | 10,850 | $30K | No change |
| URG Ur-Energy Inc. | 0.01% | 10,800 | $19K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| COIN Coinbase Global Inc. Class A | Reduce -1.2% | 12.59% | −1.56 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -6.5% | 9.96% | −1.45 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -1.1% | 10.73% | −0.23 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.3% | 7.79% | −0.13 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.4% | 2.50% | −0.06 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.1% | 9.44% | −0.03 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Reduce -2.7% | 0.80% | −0.03 |
| GLD SPDR Gold Shares | Reduce -2.9% | 3.73% | +0.21 |
| NXH Neighborhood Intelligence Inc. | Reduce -0.7% | 2.62% | +0.64 |
Portfolio Buys Q2 2025 → Q3 2025
| XRPI XRP ETF | New | 1.79% | +1.79 |
| VEA Vanguard Ftse Developed ETF | New | 0.32% | +0.32 |
| BITB Bitwise Bitcoin ETF | Add +4.7% | 7.51% | +0.28 |
| XMAG Defiance Le Cap Ex-Mag 7 ETF | New | 0.22% | +0.22 |
| ENVX Enovix Corp. | Add +15.6% | 5.12% | +0.21 |
| AAPL Apple Inc. | Add +3.6% | 0.47% | +0.08 |
| NVDA Nvidia Corp. | Add +0.3% | 0.59% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +23.2% | 0.28% | +0.04 |
| ETN Eaton Corp. PLC | Add +10.1% | 0.15% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.1% | 2.30% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +0.2% | 0.77% | +0.01 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Add +0.1% | 0.15% | +0.00 |
| IBIT iShares Bitcoin Trust ETF | Add +0.7% | 0.15% | 0.00 |
| UNP Union Pacific Corp. | Add +1.2% | 0.37% | −0.01 |
| AMZN Amazon.com Inc. | Add +0.2% | 0.61% | −0.04 |
| VCLT Vanguard Long-Term Corp. Bond | Add +3.1% | 3.38% | −0.05 |
| BIV Vanguard Intermediate-Term B | Add +4.7% | 5.11% | −0.06 |
| TLT iShares 20+ Year Treasury BD | Add +3.4% | 3.39% | −0.07 |
| SRLN SS Blackstone Sr Loan ETF | Add +4.0% | 5.85% | −0.17 |
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 |