Regal Investment Advisors LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Regal Investment Advisors LLC reported 456 stock positions worth $1.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 5.9% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 2.3%) and Apple (AAPL, 2.2%). Compared with Q4 2024, it opened 31 new positions, sold out of 38, added to 165 and reduced 230. The biggest buy was Schwab US DVD Equity ETF (SCHD, shares +23%) and the biggest sale JPMorgan Equity Premium Inco (JEPI, shares −66%).

Most Recent 13F
Q2 2026
Location
KENTWOOD, MI
CIK
0001559789
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0001559789-25-000002 ↗ filed May 12, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.2B $1.2B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.5B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $1.7B Q1 2026 Q2 2026: $1.9B Q2 2026

Holdings 456 stocks · $1.2B

IVV iShares Core S&P 500 ETF 5.95% 130,756 $73.5M Reduce -0.9%
QQQ Invesco QQQ Trust Series 1 2.34% 61,595 $28.9M Reduce -4.9%
AAPL Apple Inc. 2.23% 123,901 $27.5M Reduce -3.6%
SCHD Schwab US DVD Equity ETF 2.18% 963,901 $27.0M Add +23.0%
SPY SS SPDR S&P 500 ETF Trust-US 2.10% 46,314 $25.9M Add +10.6%
FTCS First Trust Capital Strength 1.87% 257,687 $23.1M Add +4.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.81% 206,168 $22.4M Reduce -0.1%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 1.64% 438,552 $20.2M Add +1.8%
MSFT Microsoft Corp. 1.43% 47,190 $17.7M Reduce -16.6%
VUG Vanguard Mrngstar GR ETF-Sui 1.40% 46,485 $17.2M Add +3.0%
ABBV Abbvie Inc. 1.32% 77,877 $16.3M Reduce -32.1%
QUAL iShares MSCI USA Quality Fac 1.31% 94,610 $16.2M Reduce -0.7%
NVDA Nvidia Corp. 1.19% 135,864 $14.7M Add +15.4%
VEA Vanguard Ftse Developed ETF 1.18% 286,251 $14.6M Reduce -3.8%
IVW iShares S&P 500 Growth ETF 1.05% 139,313 $12.9M Add +4.4%
IJR iShares Core S&P Small-Cap E 1.04% 122,998 $12.9M Add +1.0%
PFF iShares Preferred & Income S 1.03% 413,352 $12.7M Add +28.3%
PG The Procter & Gamble Co. 1.00% 72,726 $12.4M Reduce -25.2%
GSLC Goldman Activebeta US LC ETF 0.96% 107,259 $11.8M Reduce -15.3%
JNJ Johnson & Johnson 0.94% 69,895 $11.6M Reduce -23.1%
VIG Vanguard Dividend Apprec ETF 0.84% 53,459 $10.4M Reduce -21.9%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.80% 203,651 $9.9M Add +4.2%
VWO Vanguard Ftse Emerging Marke 0.79% 216,917 $9.8M Add +13.5%
VZ Verizon Communications Inc. 0.75% 204,258 $9.3M Reduce -18.1%
IVE iShares S&P 500 Value ETF 0.74% 48,275 $9.2M Add +47.1%
FV First Trust DW Focus 5 Fund 0.74% 165,535 $9.1M Add +4.1%
VTI VG Morningstar TS MKT ETF-US 0.73% 32,699 $9.0M Add +6.2%
MO Altria Group Inc. 0.70% 144,524 $8.7M Reduce -18.2%
VYMI Vanguard Int High DVD YLD Inc. 0.70% 117,270 $8.6M Add +159.2%
MUB iShares National Muni Bond E 0.70% 81,515 $8.6M Reduce -2.6%
IEFA iShares Core MSCI Eafe ETF 0.69% 112,940 $8.5M Add +7.6%
EFV iShares MSCI Eafe Value ETF 0.68% 142,646 $8.4M Reduce -19.9%
PWB Invesco Large Cap Growth ETF 0.68% 87,519 $8.4M Add +2.4%
CVX Chevron Corp. 0.68% 49,974 $8.4M Reduce -28.9%
MDT Medtronic PLC 0.66% 90,638 $8.1M Reduce -21.2%
VOO Vanguard S&P 500 ETF 0.64% 15,369 $7.9M Add +5.2%
T AT&T Inc. 0.63% 275,896 $7.8M Reduce -23.0%
PWV Invesco Large Cap Value ETF 0.62% 129,153 $7.7M Add +5.3%
AFL Aflac Inc. 0.60% 66,409 $7.4M Reduce -31.7%
BUFR FT Vest Lad Buffervetf-Usd I 0.60% 247,706 $7.4M Add +10.8%
PFE Pfizer Inc. 0.59% 288,575 $7.3M Reduce -8.4%
AGG iShares Core U.S. Aggregate 0.57% 71,576 $7.1M Add +73.9%
GTO Invesco Total Return Bond Et 0.57% 150,431 $7.1M Add +2.0%
EMR Emerson Electric Co. 0.56% 62,552 $6.9M Reduce -27.3%
AMZN Amazon.com Inc. 0.55% 35,815 $6.8M Reduce -18.9%
MCD McDonald's Corp. 0.55% 21,580 $6.7M Reduce -28.8%
MBB iShares MBS ETF 0.54% 71,054 $6.7M Reduce -16.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.53% 26,613 $6.5M Add +1.6%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.53% 40,548 $6.5M Reduce -0.0%
DIVO Amplify CWP Enhan Divid ETF 0.51% 153,363 $6.3M Add +91.3%
BSV Vanguard Short-Term Bond ETF 0.50% 79,241 $6.2M Reduce -0.3%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.50% 163,302 $6.2M Add +9.2%
VNQ Vanguard Real Estate ETF 0.48% 66,118 $6.0M Add +3.6%
TLH iShares 10-20 Year Treasury 0.48% 57,214 $5.9M Add +62.0%
IJH iShares Core S&P Midcap ETF 0.48% 101,015 $5.9M Add +0.5%
EFG iShares MSCI Eafe Growth ETF 0.47% 58,604 $5.9M Reduce -40.3%
FDN First Trust DJ Internet Ind 0.46% 25,573 $5.7M Add +4.2%
IYW iShares Ustechnology ETF 0.45% 39,529 $5.6M Add +3.5%
VCLT Vanguard Long-Term Corp. Bond 0.45% 72,620 $5.5M Add +153.4%
WMT Walmart Inc. 0.44% 62,037 $5.4M Reduce -24.0%
EEM iShares MSCI Emerging Market 0.43% 122,658 $5.4M Reduce -26.1%
FLTR Vaneck Ig Floating Rate ETF 0.43% 209,380 $5.3M Add +148.2%
OEF iShares S&P 100 ETF 0.43% 19,726 $5.3M Add +115.6%
IBTF iShares Ibonds Dec 2025 Term 0.43% 227,643 $5.3M Add +149.1%
KO The Coca-Cola Co. 0.42% 73,318 $5.3M Reduce -11.8%
COST Costco Wholesale Corp. 0.42% 5,526 $5.2M Reduce -2.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.42% 20,791 $5.2M Reduce -8.4%
HEFA Isha Curr Hedged MSCI Eafe 0.42% 141,339 $5.1M Add +48.2%
BRK.B Berkshire Hathaway Inc. Class B 0.41% 9,614 $5.1M Reduce -43.3%
IVOL Quadratic Int Rte Vol Infl H 0.41% 273,140 $5.1M Add +193.3%
FAUG FT Vest U.S. Equity Buffer E 0.41% 111,810 $5.1M Reduce -10.5%
GLD SPDR Gold Shares 0.40% 16,940 $4.9M Reduce -3.3%
FLOT iShares Floating Rate Bond E 0.37% 89,811 $4.6M Add +0.9%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.36% 56,970 $4.5M Reduce -19.3%
GOOG Alphabet Inc. Class C 0.36% 28,672 $4.5M Reduce -24.1%
TGT Target Corp. 0.36% 42,604 $4.4M Reduce -16.9%
CINF Cincinnati Financial Corp. 0.36% 29,718 $4.4M Reduce -32.2%
WM Waste Management Inc. 0.35% 18,834 $4.4M Reduce -31.7%
LZB La-Z-Boy Inc. 0.35% 109,856 $4.3M No change
IEMG iShares Core MSCI Emerging 0.35% 79,190 $4.3M Add +101.6%
CSCO Cisco Systems Inc. 0.35% 69,125 $4.3M Reduce -32.9%
FIS Fidelity National Info Serv 0.34% 56,210 $4.2M Reduce -11.5%
FLTB Fidelity Ltd. TRM BND ETF 0.31% 76,908 $3.9M Reduce -0.3%
EMXC iShares MSCI Emr MRK Ex Chna 0.31% 69,134 $3.8M Reduce -22.6%
EOG EOG Resources Inc. 0.31% 29,534 $3.8M Reduce -18.1%
XLF SS Financial Select Sector 0.31% 75,888 $3.8M Add +3.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.30% 14,543 $3.8M Reduce -23.2%
GSIE Goldman Sachs Activebeta Int 0.30% 103,819 $3.7M Reduce -18.2%
VWOB Vanguard Emerg MKTS Gov BND 0.30% 57,302 $3.7M Add +6.5%
JNK SS SPDR BB High Yield Bond 0.29% 38,036 $3.6M Add +1.2%
CPAY Corpay Inc. 0.29% 10,364 $3.6M Reduce -37.3%
SCHG Schwab US Large-Cap Growth 0.29% 142,673 $3.6M Add +0.6%
ED Consolidated Edison Inc. 0.29% 32,115 $3.6M Reduce -40.1%
CME Cme Group Inc. 0.29% 13,330 $3.5M Reduce -32.1%
FANG Diamondback Energy Inc. 0.28% 21,805 $3.5M Reduce -20.7%
GHYB Goldman Sachs Access HY Corp. 0.28% 78,212 $3.5M Reduce -6.9%
TOL Toll Brothers Inc. 0.28% 32,686 $3.5M Reduce -18.0%
IAU iShares Gold Trust 0.28% 57,892 $3.4M Add +61.2%
B Barrick Gold Corp. 0.27% 174,508 $3.4M Reduce -24.2%
GOVT iShares US Treasury Bond ETF 0.27% 146,578 $3.4M Add +2.8%
EXPE Expedia Group Inc. 0.27% 19,996 $3.4M Reduce -34.6%
ULTA Ulta Beauty Inc. 0.27% 9,163 $3.4M Reduce -29.0%
MTUM iShares MSCI USA Momentum Fa 0.27% 16,588 $3.4M Reduce -11.4%
AEP American Electric Power 0.27% 30,247 $3.3M Reduce -25.9%
KMB Kimberly-Clark Corp. 0.26% 22,900 $3.3M Reduce -30.0%
JPM JPMorgan Chase & Co. 0.26% 13,227 $3.2M Reduce -13.9%
BINC iShares Flex I A ETF-Usd Inc. 0.26% 61,680 $3.2M Reduce -24.2%
GOOGL Alphabet Inc. Class A 0.26% 20,686 $3.2M Reduce -13.4%
PEP Pepsico Inc. 0.26% 21,279 $3.2M Reduce -24.3%
VXF Vanguard Extended Market ETF 0.25% 18,106 $3.1M Reduce -1.0%
RPRX Royalty Pharma PLC Class A 0.25% 99,704 $3.1M Add +462.8%
JEPI JPMorgan Equity Premium Inco 0.25% 53,914 $3.1M Reduce -65.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.25% 16,490 $3.1M Add +53.8%
BLDR Builders Firstsource Inc. 0.25% 24,451 $3.1M Reduce -25.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.24% 72,401 $3.0M Reduce -27.1%
DUK Duke Energy Corp. 0.24% 24,745 $3.0M Reduce -20.5%
AMLP Alerian MLP ETF 0.24% 57,738 $3.0M Add +103.1%
SHY iShares 1-3 Year Treasury Bo 0.24% 36,135 $3.0M Reduce -9.3%
VB Vanguard Most SM-Cap ETF-Usd 0.24% 13,478 $3.0M Reduce -13.1%
XLE SS Energy Select Sector 0.24% 31,476 $2.9M Reduce -31.0%
FYX First Trust Small Cap Core A 0.23% 31,781 $2.9M Add +3.4%
XLK SS Technology Select Sector 0.23% 13,757 $2.8M Reduce -32.9%
VCIT Vanguard Int-Term Corporate 0.23% 34,708 $2.8M Add +103.7%
CLX Clorox Company 0.23% 19,137 $2.8M Reduce -34.6%
ADP Automatic Data Processing 0.23% 9,169 $2.8M Reduce -43.6%
VRIG Invesco Variable Rate Invest 0.22% 109,808 $2.8M Add +2.3%
GNRC Generac Holdings Inc. 0.21% 20,675 $2.6M Reduce -28.9%
GNR State Street SPDR S&P Global 0.21% 49,051 $2.6M Add +15.9%
IWC iShares Micro-Cap ETF 0.21% 23,475 $2.6M Add +0.2%
VSS Vanguard Ftse All Wo X-US SC 0.21% 22,157 $2.6M Add +3.0%
XOM Exxon Mobil Corp. 0.20% 21,217 $2.5M Reduce -19.9%
MU Micron Technology Inc. 0.20% 28,680 $2.5M Reduce -26.1%
RSP Invesco S&P 500 Equal Weight 0.20% 14,137 $2.4M Add +6.6%
FTA First Trust L C Val Alp 0.19% 30,748 $2.4M Add +0.1%
XLV SS Health Care Select Sector 0.19% 15,958 $2.3M Reduce -15.2%
USMV iShares MSCI USA Min Vol Fac 0.19% 24,848 $2.3M Reduce -3.1%
RLY SS Multi-Asset Real Ret ETF 0.19% 80,929 $2.3M Add +0.7%
KMI Kinder Morgan Inc. 0.18% 79,799 $2.3M Reduce -12.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 54,517 $2.3M Reduce -30.8%
FXR First Trust Indst/Producers 0.18% 32,202 $2.2M Add +4.0%
IUSV iShares Core S&P U.S. Value 0.18% 23,910 $2.2M Reduce -0.2%
ESGU iShares ESG Aware MSCI USA 0.17% 17,519 $2.1M Add +9.4%
XLP SS Consumer Staples Sel Sect 0.17% 26,081 $2.1M Reduce -37.4%
TDIV FT Nasdaq Tech DVD Index FD 0.17% 28,140 $2.1M Reduce -0.6%
KNSL Kinsale Capital Group Inc. 0.17% 4,253 $2.1M Reduce -13.9%
QTEC First Trust Nasdq 100 Tech I 0.17% 11,785 $2.0M Add +3.1%
AVGO Broadcom Inc. 0.16% 11,875 $2.0M Reduce -6.0%
EMB iShares JP Morgan Usd Emergi 0.16% 21,893 $2.0M Add +10.6%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.16% 44,602 $2.0M Add +1.1%
LLY Eli Lilly & Co. 0.16% 2,386 $2.0M Reduce -26.3%
VYM Vanguard High DVD Yield ETF 0.16% 15,228 $2.0M Reduce -4.0%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.16% 6,322 $2.0M Reduce -3.7%
SO The Southern Co. 0.16% 21,078 $1.9M Reduce -30.0%
XLC SS Comm Select Sector SPDR 0.16% 19,944 $1.9M Reduce -20.4%
SHM SS SPDR N Ice St Muni ETF 0.16% 40,330 $1.9M Add +2.9%
IWF iShares Russell 1000 Growth 0.15% 5,245 $1.9M Reduce -23.9%
SCHV Schwab US Large-Cap Value 0.15% 70,580 $1.9M Add +3.1%
VMBS Vanguard Mortgage-Backed Sec 0.15% 40,501 $1.9M Add +41.5%
GSUS Goldman Sachs Marketbeta US 0.15% 24,309 $1.9M Reduce -3.0%
HDV iShares Core High Dividend E 0.15% 15,369 $1.9M Reduce -2.7%
BIL SS SPDR BB 1-3M T-Bill ETF 0.15% 20,114 $1.8M Add +420.7%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 0.15% 20,651 $1.8M Reduce -2.5%
VTEB Vanguard Tax-Exempt Bond ETF 0.14% 34,108 $1.7M Add +7.6%
GIGB Goldman Sachs Inv GRD Corp. 0.14% 36,900 $1.7M Reduce -59.9%
CBOE Cboe Global Markets Inc. 0.13% 7,270 $1.6M Reduce -13.4%
ON On Semiconductor 0.13% 40,176 $1.6M Add +24.2%
SCZ iShares MSCI Eafe Small-Cap 0.13% 25,063 $1.6M Reduce -48.4%
MS Morgan Stanley 0.13% 13,630 $1.6M Reduce -35.1%
LCTU iShares U.S. Carbon Transiti 0.13% 25,788 $1.6M Add +5.1%
DVY iShares Select Dividend ETF 0.12% 11,487 $1.5M Reduce -2.8%
AAAU Goldman Sachs Physical Gold 0.12% 49,730 $1.5M Reduce -16.1%
ACN Accenture PLC Class A 0.12% 4,887 $1.5M Reduce -10.7%
META Meta Platforms Inc. Class A 0.12% 2,637 $1.5M Reduce -2.2%
PRU Prudential Financial Inc. 0.12% 13,512 $1.5M Reduce -0.1%
HD Home Depot Inc. 0.12% 4,016 $1.5M Reduce -20.4%
JPIE JPMorgan Income ETF 0.12% 31,805 $1.5M Add +122.3%
FDIS Fidelity MSCI Cons Discr Ind 0.12% 17,240 $1.5M Add +5.3%
TCAF T Rowe PRC Cap Appreciation 0.12% 44,997 $1.5M Add +43.6%
LOW Lowe's Cos Inc. 0.12% 6,114 $1.4M Reduce -35.5%
IEUR iShares Core MSCI Europe ETF 0.11% 22,860 $1.4M Add +92.5%
SPYG SS SPDR P S&P 500 Growth ETF 0.11% 17,098 $1.4M Reduce -14.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 13,919 $1.4M Reduce -5.5%
RSG Republic Services Inc. 0.11% 5,663 $1.4M Reduce -46.8%
GDX Vaneck Gold Miners ETF 0.11% 29,487 $1.4M Reduce -8.1%
IJT iShares S&P Small-Cap 600 GR 0.11% 10,807 $1.3M Add +5.4%
SMH Vaneck Semiconductor ETF 0.11% 6,304 $1.3M Reduce -15.7%
EWX State Street SPDR S&P Emergi 0.11% 23,069 $1.3M Add +74.1%
USXF iShares ESG Advance MSCI USA 0.10% 27,659 $1.3M Add +8.6%
AMGN Amgen Inc. 0.10% 4,136 $1.3M Reduce -0.4%
BUFG FT Vest Buffered Allocation 0.10% 54,015 $1.3M Add +19.2%
HYMB SS SPDR N Ice HY Muni ETF 0.10% 50,525 $1.3M Add +6.3%
QYLD Global X Nasd 100 Cov Call 0.10% 75,896 $1.3M Reduce -10.3%
HYDB iShares High Yield Systemati 0.10% 26,571 $1.3M Add +52.7%
XONE Bondbloxx BBG 1 Dur US Treas 0.10% 24,766 $1.2M Add +19.0%
DEM Wisdomtree Emerging Markets 0.10% 29,137 $1.2M Reduce -20.5%
AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC 0.10% 37,730 $1.2M Reduce -11.8%
V Visa Inc. Class A 0.10% 3,494 $1.2M Add +2.9%
DSI iShares ESG MSCI KLD 400 ETF 0.10% 11,546 $1.2M Add +7.4%
X United States Steel Corp. 0.09% 27,680 $1.2M Add +34.2%
AMT American Tower Corp. 0.09% 5,364 $1.2M Add +8.8%
SPGI S&P Global Inc. 0.09% 2,292 $1.2M Reduce -47.5%
F Ford Motor Co. filed as FORD MTR CO 0.09% 114,410 $1.1M Reduce -9.8%
CRWD CrowdStrike Holdings Inc. Class A 0.09% 3,253 $1.1M Add +10.3%
XLI SS Industrial Select Sector 0.09% 8,630 $1.1M Add +77.3%
XYLD Global X S&P 500 Cove Call E 0.09% 28,574 $1.1M Reduce -13.7%
FXG First Trust Consumer Staples 0.09% 17,239 $1.1M Add +3.0%
QMAR FT Vest Nasdaq-100 Buffer Et 0.09% 39,675 $1.1M Reduce -29.4%
CEG Constellation Energy 0.09% 5,557 $1.1M Reduce -19.8%
AON Aon PLC Class A 0.09% 2,796 $1.1M Reduce -0.5%
XLY SS Consumer Disc Select Sect 0.09% 5,532 $1.1M Reduce -17.4%
SYY Sysco Corp. 0.09% 14,240 $1.1M Reduce -35.2%
TLT iShares 20+ Year Treasury BD 0.09% 11,636 $1.1M Reduce -63.9%
LRCX Lam Research Corp. 0.09% 14,455 $1.1M Reduce -49.2%
VTIP Vanguard Short-Term Tips 0.08% 20,902 $1.0M Add +194.8%
FISV Fiserv Inc. 0.08% 4,693 $1.0M Add +0.9%
VOOV Vanguard S&P 500 Value ETF 0.08% 5,624 $1.0M Add +2.7%
MRK Merck & Co. Inc. 0.08% 11,536 $1.0M Reduce -0.3%
IWM iShares Russell 2000 ETF 0.08% 5,172 $1.0M Reduce -23.6%
ETN Eaton Corp. PLC 0.08% 3,785 $1.0M Reduce -49.0%
FXO First Trust Financial Alphad 0.08% 19,155 $1.0M No change
MGEE Mge Energy Inc. 0.08% 10,854 $1.0M Add +0.5%
SHV iShares 0-1 Year Treasury Bo 0.08% 9,054 $1.0M Reduce -15.3%
VNQI Vanguard GLBL Ex-US Real Est 0.08% 24,432 $989K Add +8.6%
SLV iShares Silver Trust 0.08% 30,873 $957K Add +13.7%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.08% 2,277 $956K Add +2.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.08% 5,525 $954K Reduce -36.2%
MET Metlife Inc. 0.08% 11,799 $947K Reduce -0.5%
EFA iShares MSCI Eafe ETF 0.08% 11,556 $945K Reduce -32.0%
IDV iShares International Select 0.08% 30,386 $943K Reduce -0.7%
JPST JPMorgan Ultra-Short Income 0.08% 18,491 $936K Add +20.2%
ETR Entergy Corp. 0.07% 10,740 $918K Reduce -51.9%
SPG Simon Property Group Inc. 0.07% 5,481 $910K Reduce -9.2%
TSLA Tesla Inc. 0.07% 3,499 $907K Reduce -27.8%
NFLX Netflix Inc. 0.07% 968 $903K Reduce -7.7%
IJS iShares S&P Small-Cap 600 Va 0.07% 9,234 $900K Add +5.0%
IEI iShares 3-7 Year Treasury Bo 0.07% 7,610 $899K Reduce -9.9%
PULS Pgim Ultra Short Bond ETF 0.07% 17,994 $895K Add +16.1%
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.07% 29,615 $884K Add +28.4%
VRTX Vertex Pharmaceuticals Inc. 0.07% 1,805 $875K Add +0.2%
CYBR Cyberark Software Ltd./Israel 0.07% 2,517 $851K Reduce -16.7%
ODFL Old Dominion Freight Line 0.07% 5,136 $850K Reduce -52.6%
ICSH iShares Ultra Short Duration 0.07% 16,219 $822K Reduce -3.6%
VGT Vanguard Info Tech ETF 0.07% 1,506 $817K Add +15.1%
PSX Phillips 66 0.07% 6,550 $809K Add +12.8%
IYH iShares U.S. Healthcare ETF 0.07% 13,280 $809K Reduce -5.2%
MA Mastercard Inc. Class A 0.07% 1,469 $805K Reduce -18.4%
SCHQ Schwab Long-Term US Treasury 0.07% 24,498 $803K New
ABT Abbott Laboratories 0.06% 6,046 $802K Reduce -30.7%
UNH Unitedhealth Group Inc. 0.06% 1,525 $798K Reduce -32.6%
ALNY Alnylam Pharmaceuticals Inc. 0.06% 2,906 $785K Reduce -8.0%
JXN Jackson Financial Inc. Class A 0.06% 9,304 $780K Reduce -5.9%
KRYS Krystal Biotech Inc. 0.06% 4,307 $777K New
ONEQ Fidelity Nasdaq Comp Indx 0.06% 11,266 $767K Reduce -1.6%
SDVY First Trust Smid Cap Rising 0.06% 22,847 $765K Reduce -4.2%
DHR Danaher Corp. 0.06% 3,697 $758K Reduce -57.9%
SCHX Schwab US Large-Cap ETF 0.06% 33,890 $748K Add +5.2%
UPS United Parcel Service Class B 0.06% 6,784 $746K Reduce -41.4%
BSCQ Invesco Bulletshares 2026 CB 0.06% 38,203 $744K Reduce -4.4%
ZETA Zeta Global Holdings Corp. Class A 0.06% 54,296 $736K Reduce -1.0%
MP MP Materials Corp. 0.06% 29,518 $721K Add +47.1%
COP Conocophillips 0.06% 6,848 $719K Reduce -54.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.06% 2,061 $711K Add +21.0%
AMD Advanced Micro Devices 0.06% 6,827 $701K Add +5.8%
ADBE Adobe Inc. 0.06% 1,826 $700K Add +30.6%
ORCL Oracle Corp. 0.06% 4,961 $694K Add +0.5%
VXUS Vanguard Total Intl Stock 0.06% 11,164 $693K Add +18.2%
SBUX Starbucks Corp. 0.06% 7,064 $693K Reduce -7.4%
IBTG iShares Ibonds Dec 2026 Term 0.06% 30,114 $691K Reduce -4.9%
PLTR Palantir Technologies Inc. Class A 0.06% 8,161 $689K Reduce -29.9%
SNPS Synopsys Inc. 0.06% 1,588 $681K Add +28.6%
GTLS Chart Industries Inc. 0.06% 4,711 $680K Reduce -0.9%
ORLY O'reilly Automotive Inc. 0.05% 471 $675K Add +9.5%
NOW ServiceNow Inc. 0.05% 842 $671K Add +13.2%
PLD Prologis Inc. 0.05% 5,987 $669K New
ICLO Invesco Aaa Clo F/R Note ETF 0.05% 26,073 $665K Add +31.0%
NOBL Proshares S&P 500 Dividend A 0.05% 6,498 $664K Add +0.1%
LMT Lockheed Martin Corp. 0.05% 1,470 $657K Add +4.7%
BND Vanguard Total Bond Market 0.05% 8,919 $655K Reduce -0.6%
PM Philip Morris International 0.05% 4,060 $644K Reduce -7.7%
TXN Texas Instruments Inc. 0.05% 3,580 $643K New
FXH First Trust Health Care Alph 0.05% 6,180 $640K No change
IWD iShares Russell 1000 Value E 0.05% 3,346 $630K Reduce -6.9%
BA The Boeing Co. 0.05% 3,680 $628K Reduce -10.0%
APH Amphenol Corp. Class A 0.05% 9,559 $627K Add +18.5%
JBND JPMorgan Active Bond ETF 0.05% 11,641 $623K Add +31.0%
LUCK Lucky Strike Entertainment C 0.05% 63,599 $621K Add +188.4%
CNA Cna Financial Corp. 0.05% 12,161 $618K Add +19.9%
ITOT iShares Core S&P Total U.S. 0.05% 5,033 $614K Reduce -2.9%
WWD Woodward Inc. 0.05% 3,319 $606K Add +0.1%
VEEV Veeva Systems Inc. Class A 0.05% 2,604 $603K Reduce -1.7%
BX Blackstone Inc. 0.05% 4,286 $599K Add +72.8%
MBWM Mercantile Bank Corp. 0.05% 13,500 $586K No change
ENB Enbridge Inc. 0.05% 13,205 $585K Reduce -12.4%
HUBS HubSpot Inc. 0.05% 1,019 $582K Reduce -28.9%
VRSK Verisk Analytics Inc. 0.05% 1,951 $581K Add +9.0%
IWB iShares Russell 1000 ETF 0.05% 1,892 $580K Reduce -6.2%
NTRA Natera Inc. 0.05% 4,098 $579K New
GE General Electric filed as GE AEROSPACE 0.05% 2,893 $579K Reduce -8.2%
CPRT Copart Inc. 0.05% 10,101 $572K Reduce -15.1%
IYR iShares US Real Estate ETF 0.05% 5,955 $570K Reduce -0.9%
EMLP First Trust North American E 0.05% 15,175 $569K No change
DMXF iShares ESG Advanc MSCI Eafe 0.05% 8,356 $563K Reduce -30.4%
CASY Casey's General Stores Inc. 0.05% 1,293 $561K Add +9.4%
TYL Tyler Technologies Inc. 0.05% 965 $561K Add +12.3%
TFLO iShares Treasury Floating Ra 0.05% 11,018 $558K Reduce -39.9%
TIP iShares Tips Bond ETF 0.04% 4,966 $552K Add +69.6%
SHW The Sherwin-Williams Co. 0.04% 1,578 $551K Add +10.3%
GSST Goldman Sachs Ultra Short Bo 0.04% 10,780 $545K Add +13.7%
CAT Caterpillar Inc. 0.04% 1,650 $544K Reduce -44.1%
UNP Union Pacific Corp. 0.04% 2,294 $542K Reduce -4.1%
QCOM Qualcomm Inc. 0.04% 3,524 $541K Reduce -5.0%
DWAT Arrow Dwa Tac: Macro Usd Inc. 0.04% 46,900 $539K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.04% 22,641 $535K Add +0.3%
MPC Marathon Petroleum Corp. 0.04% 3,669 $535K Reduce -60.9%
RTX RTX Corp. 0.04% 4,034 $534K Add +1.0%
IMCG iShares Morningstar Mid-Cap 0.04% 7,458 $533K Add +2.3%
BTI British American Tob-SP ADR 0.04% 12,701 $525K Reduce -5.8%
FEX First Trust Large Cap Core A 0.04% 5,108 $523K Reduce -3.6%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.04% 2,062 $519K Reduce -13.9%
NKE Nike Inc. Class B 0.04% 8,143 $517K Add +25.9%
PANW Palo Alto Networks Inc. 0.04% 3,021 $515K Reduce -27.4%
RIVN Rivian Automotive Inc. Class A 0.04% 41,245 $514K Add +125.6%
FDVV Fidelity High Dividend ETF 0.04% 10,304 $511K Add +64.5%
FXL First Trust Technology Alpha 0.04% 3,797 $502K No change
BFC Bank First Corp. 0.04% 4,950 $499K No change
SCHF Schwab Intl Equity ETF 0.04% 25,048 $495K Reduce -10.1%
SPLV Invesco S&P 500 Low Volatili 0.04% 6,585 $492K New
USFR Wisdomtree Floating Rate Tre 0.04% 9,766 $492K New
BLK BlackRock Inc. 0.04% 519 $491K Reduce -1.5%
KLAC KLA Corp. 0.04% 719 $489K Add +6.5%
COIN Coinbase Global Inc. Class A 0.04% 2,825 $487K Add +172.7%
ESGE iShares Inc. iShares ESG Awar 0.04% 13,914 $486K Add +2.2%
FDL First Trust Morn DVD Lead Inc. 0.04% 11,173 $485K No change
MINT PIMCO Enhanced Short Maturit 0.04% 4,803 $483K Reduce -3.1%
DLR Digital Realty Trust Inc. 0.04% 3,339 $478K Add +40.3%
NUE Nucor Corp. 0.04% 3,817 $459K Add +4.2%
IGIB iShares 5-10Y Inv Grade Corp. 0.04% 8,702 $457K Reduce -41.6%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.04% 12,601 $455K Add +0.2%
IQDF NT Intl Qual Div ETF 0.04% 18,141 $452K New
STLD Steel Dynamics Inc. 0.04% 3,596 $450K Reduce -28.6%
BNDX Vanguard Total Intl Bond ETF 0.04% 9,213 $450K Reduce -11.1%
O Realty Income Corp. 0.04% 7,717 $448K Reduce -2.4%
CALM Cal-Maine Foods Inc. 0.04% 4,857 $442K Reduce -1.7%
CVS CVS Health Corp. 0.04% 6,505 $441K Reduce -4.7%
BSCP Invesco Bulletshares 2025 CB 0.04% 21,267 $440K Add +22.8%
AOA iShares Core 80/20 Aggressiv 0.04% 5,735 $439K Add +4.5%
PI Impinj Inc. 0.04% 4,792 $435K New
MMM 3M Co. 0.03% 2,913 $428K Reduce -17.6%
CAH Cardinal Health Inc. 0.03% 3,099 $427K Add +3.0%
GCOR Goldman Sachs Access US Agg 0.03% 10,299 $424K Reduce -26.2%
HYGV NT HY Val-SCRD BD ETF 0.03% 10,505 $424K Reduce -8.5%
VCSH Vanguard S/T Corp. Bond ETF 0.03% 5,373 $424K Reduce -24.2%
SNA Snap-on Inc. 0.03% 1,252 $422K Add +0.3%
FIVN FIVE9 Inc. 0.03% 15,163 $412K New
NZF Nuveen Municipal Credit Inc. 0.03% 33,597 $411K Add +0.1%
ICVT iShares Convertible Bond ETF 0.03% 4,902 $410K Add +16.1%
OKE Oneok Inc. 0.03% 4,001 $397K Reduce -4.8%
RPV Invesco S&P 500 Pure Value E 0.03% 4,293 $396K Reduce -13.2%
SPYV SS SPDR P S&P 500 Value ETF 0.03% 7,759 $396K Reduce -6.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.03% 1,515 $389K Add +0.3%
SUSC iShares ESG Aware Usd Corpor 0.03% 16,692 $385K Add +6.1%
BMY Bristol-Myers Squibb Co. 0.03% 6,185 $377K Reduce -0.4%
PDBC Invesco Optimum Yield Divers 0.03% 27,553 $376K Reduce -21.2%
RYLD Global X Russell 2000 Cov Class 0.03% 24,725 $373K New
FDX FedEx Corp. 0.03% 1,519 $370K Reduce -5.3%
FITB Fifth Third Bancorp 0.03% 9,402 $369K Reduce -2.9%
RSPF Invesco S&P 500 Equal Weight 0.03% 5,025 $364K No change
CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E 0.03% 13,313 $361K New
FXU First Trust Utilities Alphad 0.03% 8,737 $358K No change
LQDH iShares Int Hedg Corp. BD ETF 0.03% 3,858 $356K New
FELC Fidelity Enh LRG Cap Cor ETF 0.03% 11,320 $353K Add +2.5%
IWP iShares Russell Mid-Cap Grow 0.03% 2,993 $352K Reduce -1.6%
HNDL Nasdaq 7 Handl Index ETF filed as STRATEGY SHS 0.03% 16,667 $352K New
HYGH iShares Int Rate Hedg HY ETF 0.03% 4,121 $351K Reduce -15.3%
DFAC Dimensional US Core Equity 2 0.03% 10,600 $350K No change
EWJ iShares MSCI Japan ETF 0.03% 5,058 $347K Reduce -11.4%
RING iShares MSCI Global Gold Min 0.03% 8,937 $343K Reduce -17.7%
FELG Fidelity Enh LRG Cap GWTH 0.03% 10,881 $343K Add +9.2%
GSK GSK PLC-Spon ADR 0.03% 8,674 $336K Add +2.0%
FFEB FT Vest US Equity Buffer ETF 0.03% 6,870 $335K No change
DTE DTE Energy Company 0.03% 2,415 $334K Add +13.4%
IGRO iShares Intl Div Growth ETF 0.03% 4,608 $334K Reduce -4.0%
PDX PIMCO Dynamic Income Strat 0.03% 13,569 $333K No change
GIS General Mills Inc. 0.03% 5,564 $333K Reduce -0.3%
IETC iShares U.S. Tech Independen 0.03% 4,426 $332K Add +0.1%
PKW Invesco Buyback Achievers Et 0.03% 2,874 $324K Add +14.7%
IXUS iShares Core Intl Stock ETF 0.03% 4,604 $321K Add +7.3%
IDOG Alps International Sector Di 0.03% 10,056 $318K Add +9.1%
ACWI iShares MSCI Acwi ETF 0.03% 2,729 $318K Reduce -3.5%
FIXD First Trust Smith Opportunis 0.03% 7,230 $317K New
FIW First Trust Water ETF 0.03% 3,144 $317K Add +6.9%
CL Colgate-Palmolive Co. 0.03% 3,359 $315K Reduce -52.3%
AB Alliancebernstein Holding LP 0.03% 8,109 $311K Reduce -1.8%
FNDA Schwab Fndmntl US SM Co. ETF 0.03% 11,267 $309K Add +0.1%
FTXN First Trust Nasdaq Oil & Gas 0.02% 10,150 $307K No change
SDY SS SPDR S&P Dividend ETF 0.02% 2,250 $305K New
DVYE iShares Emerging Markets Div 0.02% 11,047 $301K New
IBIT iShares Bitcoin Trust ETF 0.02% 6,430 $301K New
PFG Principal Financial Group 0.02% 3,548 $299K Reduce -2.0%
IYF iShares US Financials ETF 0.02% 2,640 $298K No change
MOAT Vaneck Morningstar Wide Moat 0.02% 3,383 $298K Add +13.6%
VGIT Vanguard Intermediate-Term T 0.02% 4,996 $297K New
WTV Wisdomtree U.S. Value Fund 0.02% 3,602 $296K Reduce -5.9%
UBER Uber Technologies Inc. 0.02% 4,062 $296K New
FMB First Trust Managed Municipa 0.02% 5,848 $295K Add +8.0%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.02% 3,675 $290K Reduce -14.7%
LCTD iShares World Ex U.S. Carbon 0.02% 6,268 $290K Add +2.0%
SCHA Schwab US Small-Cap ETF 0.02% 12,349 $289K Reduce -3.5%
FENI Fidelity Enhanced Intl ETF 0.02% 9,689 $288K Reduce -6.7%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.02% 10,468 $285K Reduce -16.6%
FLHY Franklin High Yield Corporat 0.02% 11,921 $284K Reduce -9.1%
FHLC Fidelity MSCI Health Care 0.02% 4,150 $284K No change
WFC Wells Fargo & Co. 0.02% 3,930 $282K Reduce -3.6%
VOOG Vanguard S&P 500 Growth ETF 0.02% 837 $280K Add +0.4%
VUSB Vanguard Ultra Short Bond Et 0.02% 5,602 $279K New
EXC Exelon Corp. 0.02% 6,058 $279K Reduce -52.4%
DAL Delta Air Lines Inc. 0.02% 6,366 $278K Reduce -0.1%
FLBL Franklin Senior Loan ETF 0.02% 11,340 $273K New
FYLD Cambria Foreign Shareholder 0.02% 10,050 $271K New
DE Deere & Co. 0.02% 572 $268K Reduce -4.7%
C Citigroup Inc. 0.02% 3,773 $268K Add +2.4%
HBAN Huntington Bancshares Inc. 0.02% 17,814 $267K Add +0.4%
DOW Dow Inc. 0.02% 7,583 $265K Reduce -42.8%
BUFD FT VST Lad Deep Buf ETF-Usdi 0.02% 10,549 $263K No change
UL Unilever PLC 0.02% 4,420 $263K Reduce -1.0%
VIGI Vanguard Int Div App Indx FD 0.02% 3,164 $262K Reduce -2.3%
FNDE Schwab Fndmntl Em MRK Eq ETF 0.02% 8,505 $262K New
LNT Alliant Energy Corp. 0.02% 4,067 $262K New
WES Western Midstream Partners L 0.02% 6,370 $261K New
CB Chubb Ltd. 0.02% 849 $256K New
IEV iShares Europe ETF 0.02% 4,403 $256K Reduce -19.8%
IWS iShares Russell Mid-Cap Valu 0.02% 2,025 $255K Reduce -8.4%
CGGR Cap Group Growth Equity 0.02% 7,447 $255K New
INTC Intel Corp. 0.02% 11,215 $255K Reduce -8.1%
EAGG iShares ESG Aware US Aggrega 0.02% 5,354 $254K New
CHRD Chord Energy Corp. 0.02% 2,236 $252K Add +1.3%
CLSE Convergence Long/Short Eqy 0.02% 10,110 $218K New
SBLK Star Bulk Carriers Corp. 0.02% 13,111 $204K Add +22.5%
XNXJX Nuveen NJ QLTY Muni Inc. 0.02% 16,168 $190K No change
EXTR Extreme Networks Inc. 0.01% 14,000 $185K No change
CLF Cleveland-Cliffs Inc. 0.01% 21,211 $174K Add +0.2%
MUJ BlackRock Munihold NJ QLTY 0.01% 15,406 $173K No change
FSI Flexible Solutions Intl Inc. 0.01% 28,460 $144K No change
SOUN Soundhound AI Inc. Class A 0.01% 17,661 $143K Reduce -11.1%
ETW Eaton Vance T/M GLBL Buy-WR 0.01% 17,250 $142K No change
PSEC Prospect Capital Corp. 0.01% 22,602 $93K Reduce -2.9%
PMM Franklin Managed Municipal I 0.01% 13,606 $83K No change
STKL Sunopta Inc. 0.01% 17,146 $83K No change
ALDX Aldeyra Therapeutics Inc. 0.01% 13,167 $76K No change
UAA Under Armour Inc. Class A 0.01% 11,225 $70K No change
TSI TCW Strategic Income Fund 0.01% 13,350 $65K No change
ABEV Ambev SA-ADR 0.01% 27,425 $64K Reduce -2.7%
WGHTQ WW International Inc. filed as WW INTL INC 0.00% 70,500 $37K No change
INDI Indie Semiconductor Inc. Class A 0.00% 14,290 $29K Add +0.8%
HOWL Werewolf Therapeutics Inc. 0.00% 27,204 $26K No change
CODX Co.-Diagnostics Inc. 0.00% 15,000 $5K New
Other holdings (4): bonds, preferreds, convertibles and warrants · $767K (not counted above)
SecurityClassShares / PrincipalValueChange
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 11,415$545KNew
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) NOTE 1.875%12/0 · principal 585,000$133KNo change
TPI COMPOSITES INC (TPIC 5.25 03/15/28) NOTE 5.250% 3/1 · principal 370,000$56KNo change
ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27) NOTE 6.500% 9/0 · principal 35,000$32KNew

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q4 2024 → Q1 2025

JEPI JPMorgan Equity Premium Inco Reduce -65.8% 0.25% −0.43
MSFT Microsoft Corp. Reduce -16.6% 1.43% −0.36
EMR Emerson Electric Co. Reduce -27.3% 0.56% −0.25
EFG iShares MSCI Eafe Growth ETF Reduce -40.3% 0.47% −0.24
PG The Procter & Gamble Co. Reduce -25.2% 1.00% −0.22
ABBV Abbvie Inc. Reduce -32.1% 1.32% −0.21
AAPL Apple Inc. Reduce -3.6% 2.23% −0.19
GOOG Alphabet Inc. Class C Reduce -24.1% 0.36% −0.18
AMZN Amazon.com Inc. Reduce -18.9% 0.55% −0.18
GIGB Goldman Sachs Inv GRD Corp. Reduce -59.9% 0.14% −0.17
VIG Vanguard Dividend Apprec ETF Reduce -21.9% 0.84% −0.17
BRK.B Berkshire Hathaway Inc. Class B Reduce -43.3% 0.41% −0.16
TGT Target Corp. Reduce -16.9% 0.36% −0.16
AFL Aflac Inc. Reduce -31.7% 0.60% −0.16
EXPE Expedia Group Inc. Reduce -34.6% 0.27% −0.16
QQQ Invesco QQQ Trust Series 1 Reduce -4.9% 2.34% −0.15
ULTA Ulta Beauty Inc. Reduce -29.0% 0.27% −0.15
FM iShares Frontier and Select Sold out 0.00% −0.14
GSLC Goldman Activebeta US LC ETF Reduce -15.3% 0.96% −0.14
ADP Automatic Data Processing Reduce -43.6% 0.23% −0.13
CLX Clorox Company Reduce -34.6% 0.23% −0.13
SCHZ Schwab US Aggregate Bond ETF Sold out 0.00% −0.13
XLK SS Technology Select Sector Reduce -32.9% 0.23% −0.13
CPAY Corpay Inc. Reduce -37.3% 0.29% −0.13
GNRC Generac Holdings Inc. Reduce -28.9% 0.21% −0.13
TLT iShares 20+ Year Treasury BD Reduce -63.9% 0.09% −0.13
CINF Cincinnati Financial Corp. Reduce -32.2% 0.36% −0.12
MCD McDonald's Corp. Reduce -28.8% 0.55% −0.11
CSCO Cisco Systems Inc. Reduce -32.9% 0.35% −0.11
WMT Walmart Inc. Reduce -24.0% 0.44% −0.11
BLDR Builders Firstsource Inc. Reduce -25.1% 0.25% −0.10
ETN Eaton Corp. PLC Reduce -49.0% 0.08% −0.10
TOL Toll Brothers Inc. Reduce -18.0% 0.28% −0.10
SCZ iShares MSCI Eafe Small-Cap Reduce -48.4% 0.13% −0.09
DHR Danaher Corp. Reduce -57.9% 0.06% −0.09
CVX Chevron Corp. Reduce -28.9% 0.68% −0.09
EEM iShares MSCI Emerging Market Reduce -26.1% 0.43% −0.09
IFRA iShares US Infrastructure Sold out 0.00% −0.08
GOOGL Alphabet Inc. Class A Reduce -13.4% 0.26% −0.08
BAC Bank of America Corp. Reduce -30.8% 0.18% −0.08
ODFL Old Dominion Freight Line Reduce -52.6% 0.07% −0.07
TSLA Tesla Inc. Reduce -27.8% 0.07% −0.07
XLP SS Consumer Staples Sel Sect Reduce -37.4% 0.17% −0.07
ED Consolidated Edison Inc. Reduce -40.1% 0.29% −0.07
SGOV iShares 0-3 Month Treasury B Sold out 0.00% −0.07
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -23.2% 0.30% −0.07
MS Morgan Stanley Reduce -35.1% 0.13% −0.07
LRCX Lam Research Corp. Reduce -49.2% 0.09% −0.07
SPGI S&P Global Inc. Reduce -47.5% 0.09% −0.07
WM Waste Management Inc. Reduce -31.7% 0.35% −0.07

Portfolio Buys Q4 2024 → Q1 2025

SCHD Schwab US DVD Equity ETF Add +23.0% 2.18% +0.57
VYMI Vanguard Int High DVD YLD Inc. Add +159.2% 0.70% +0.47
IVOL Quadratic Int Rte Vol Infl H Add +193.3% 0.41% +0.29
VCLT Vanguard Long-Term Corp. Bond Add +153.4% 0.45% +0.29
IVE iShares S&P 500 Value ETF Add +47.1% 0.74% +0.27
AGG iShares Core U.S. Aggregate Add +73.9% 0.57% +0.27
FLTR Vaneck Ig Floating Rate ETF Add +148.2% 0.43% +0.27
IBTF iShares Ibonds Dec 2025 Term Add +149.1% 0.43% +0.27
PFF iShares Preferred & Income S Add +28.3% 1.03% +0.27
DIVO Amplify CWP Enhan Divid ETF Add +91.3% 0.51% +0.26
SPY SS SPDR S&P 500 ETF Trust-US Add +10.6% 2.10% +0.25
FTCS First Trust Capital Strength Add +4.8% 1.87% +0.25
OEF iShares S&P 100 ETF Add +115.6% 0.43% +0.23
RPRX Royalty Pharma PLC Class A Add +462.8% 0.25% +0.22
TLH iShares 10-20 Year Treasury Add +62.0% 0.48% +0.22
IEMG iShares Core MSCI Emerging Add +101.6% 0.35% +0.19
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +1.8% 1.64% +0.17
HEFA Isha Curr Hedged MSCI Eafe Add +48.2% 0.42% +0.17
VWO Vanguard Ftse Emerging Marke Add +13.5% 0.79% +0.16
IAU iShares Gold Trust Add +61.2% 0.28% +0.14
AMLP Alerian MLP ETF Add +103.1% 0.24% +0.14
IEFA iShares Core MSCI Eafe ETF Add +7.6% 0.69% +0.14
VCIT Vanguard Int-Term Corporate Add +103.7% 0.23% +0.13
BIL SS SPDR BB 1-3M T-Bill ETF Add +420.7% 0.15% +0.12
PWV Invesco Large Cap Value ETF Add +5.3% 0.62% +0.10
VBR Vngrd Mrngst SL-CP Val ETF-U Add +53.8% 0.25% +0.09
BUFR FT Vest Lad Buffervetf-Usd I Add +10.8% 0.60% +0.08
JPIE JPMorgan Income ETF Add +122.3% 0.12% +0.07
SCHQ Schwab Long-Term US Treasury New 0.07% +0.07
IEUR iShares Core MSCI Europe ETF Add +92.5% 0.11% +0.06
KRYS Krystal Biotech Inc. New 0.06% +0.06
VTIP Vanguard Short-Term Tips Add +194.8% 0.08% +0.06
VNQ Vanguard Real Estate ETF Add +3.6% 0.48% +0.06
GTO Invesco Total Return Bond Et Add +2.0% 0.57% +0.06
VTI VG Morningstar TS MKT ETF-US Add +6.2% 0.73% +0.06
VMBS Vanguard Mortgage-Backed Sec Add +41.5% 0.15% +0.05
PLD Prologis Inc. New 0.05% +0.05
GNR State Street SPDR S&P Global Add +15.9% 0.21% +0.05
TXN Texas Instruments Inc. New 0.05% +0.05
DYNF Ishrs US E F R A ETF-Usd Inc. Add +4.2% 0.80% +0.05
VOO Vanguard S&P 500 ETF Add +5.2% 0.64% +0.05
EWX State Street SPDR S&P Emergi Add +74.1% 0.11% +0.05
NTRA Natera Inc. New 0.05% +0.05
XLI SS Industrial Select Sector Add +77.3% 0.09% +0.04
VWOB Vanguard Emerg MKTS Gov BND Add +6.5% 0.30% +0.04
X United States Steel Corp. Add +34.2% 0.09% +0.04
XLF SS Financial Select Sector Add +3.8% 0.31% +0.04
SPLV Invesco S&P 500 Low Volatili New 0.04% +0.04
HYDB iShares High Yield Systemati Add +52.7% 0.10% +0.04
USFR Wisdomtree Floating Rate Tre New 0.04% +0.04

Notes & Other Activity Q4 2024 → Q1 2025

HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV New 11,415 $545K
ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27) NOTE 6.500% 9/0 · principal New 35,000 $32K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 644$1.9BIVV, QQQ, AAPL, SPY, IUSB
Q1 2026 650$1.7BIVV, AAPL, QQQ, SPY, SCHD
Q4 2025 581$1.7BIVV, AAPL, QQQ, SPY, SCHD
Q3 2025 514$1.5BIVV, QQQ, AAPL, SPY, SCHD
Q2 2025 478$1.3BIVV, QQQ, SPY, SCHD, MSFT
Q1 2025 456$1.2BIVV, QQQ, AAPL, SCHD, SPY
Q4 2024 463$1.3BIVV, QQQ, AAPL, SPY, MSFT
Q3 2024 498$1.4BIVV, AAPL, QQQ, MSFT, SPY
Q2 2024 567$1.5BIVV, MSFT, QQQ, AAPL, ONEQ
Q1 2024 579$1.5BIVV, MSFT, QQQ, AAPL, ITOT