Sage Mountain Advisors LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Sage Mountain Advisors LLC reported 281 stock positions worth $1.4 billion. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 18.2% of the portfolio, followed by JPMorgan US Quality Factor (JQUA, 12.7%) and VG Morningstar TS MKT ETF-US (VTI, 9.4%). Compared with Q4 2025, it opened 13 new positions, sold out of 291, added to 56 and reduced 95. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +3%) and the biggest sale Nvidia (NVDA, shares −95%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0001832274
Portfolio Value
$1.4B (Q1 2026)
SEC Filing
0001398344-26-008901 ↗ filed May 11, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $962.2M Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.4B $1.4B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 281 stocks · $1.4B
JAAA Janus Henderson Aaa Clo ETF 18.23% 5,170,765 $260.5M Add +3.0%
JQUA JPMorgan US Quality Factor 12.73% 2,967,077 $181.9M Add +0.9%
VTI VG Morningstar TS MKT ETF-US 9.39% 418,114 $134.1M Add +0.3%
QUAL iShares MSCI USA Quality Fac 7.75% 577,602 $110.8M Add +2.8%
IQLT iShares MSCI International Q 5.27% 1,627,732 $75.3M Add +8.4%
VOO Vanguard S&P 500 ETF 3.42% 81,746 $48.8M Reduce -1.3%
GBDC Golub Capital BDC Inc. 3.33% 3,756,271 $47.6M Add +11.8%
VGIT Vanguard Intermediate-Term T 2.98% 713,836 $42.5M Add +11.6%
VEA Vanguard Ftse Developed ETF 2.52% 561,686 $36.0M Add +9.7%
QUS SS SPDR MSCI U Stratfact ETF 2.02% 168,022 $28.8M Reduce -1.1%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 1.95% 546,566 $27.9M Reduce -7.4%
JMBS Janus Henderson Mortg Backed 1.94% 612,346 $27.7M Add +30.9%
VXUS Vanguard Total Intl Stock 1.12% 206,753 $15.9M Add +1.3%
VGT Vanguard Info Tech ETF 0.94% 19,227 $13.4M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.86% 18,983 $12.3M Add +0.7%
VB Vanguard Most SM-Cap ETF-Usd 0.81% 44,011 $11.5M Reduce -14.2%
SPHQ Invesco S&P 500 Quality ETF 0.80% 151,843 $11.4M Add +0.0%
ITOT iShares Core S&P Total U.S. 0.79% 79,649 $11.3M Add +38.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.76% 24,740 $10.8M Reduce -3.2%
AVGO Broadcom Inc. 0.71% 32,971 $10.2M Reduce -56.9%
QQQM Invesco Nasdaq 100 ETF 0.70% 42,186 $10.0M Add +0.0%
VGSH Vanguard Short-Term Treasury 0.64% 157,323 $9.2M Add +31.9%
JPM JPMorgan Chase & Co. 0.61% 29,725 $8.7M Reduce -42.7%
VTEB Vanguard Tax-Exempt Bond ETF 0.59% 170,392 $8.5M Reduce -6.5%
AAPL Apple Inc. 0.58% 32,862 $8.3M Reduce -78.1%
TSLA Tesla Inc. 0.57% 21,874 $8.1M Reduce -48.3%
IVV iShares Core S&P 500 ETF 0.54% 11,799 $7.7M Reduce -1.6%
CPRT Copart Inc. 0.53% 226,504 $7.5M Reduce -20.5%
OMFL Invesco Russell 1000 DYN M/F 0.51% 120,800 $7.3M No change
IWF iShares Russell 1000 Growth 0.49% 16,560 $7.1M Add +31.9%
IWB iShares Russell 1000 ETF 0.48% 19,207 $6.8M Add +8.1%
UYLD Angel Oak Ultrashort Income 0.45% 126,240 $6.4M Reduce -0.1%
SCHX Schwab US Large-Cap ETF 0.45% 249,841 $6.4M No change
QQQ Invesco QQQ Trust Series 1 0.44% 10,815 $6.2M Reduce -9.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.41% 29,537 $5.8M Add +47.6%
XLG Invesco S&P 500 Top 50 ETF 0.40% 105,864 $5.8M Reduce -1.7%
KBDC Kayne Anderson BDC Inc. 0.40% 418,062 $5.7M Reduce -47.6%
QEFA STSR SPD MSC Eaf Stgfs-US Inc. 0.32% 49,562 $4.6M Reduce -1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.32% 15,700 $4.5M Reduce -31.4%
IEFA iShares Core MSCI Eafe ETF 0.30% 47,477 $4.3M Add +12.9%
VONG Vanguard Russell 1000 Growth 0.29% 38,103 $4.2M Add +0.0%
IJR iShares Core S&P Small-Cap E 0.29% 33,485 $4.2M Reduce -0.1%
VEU Vanguard Ftse All-World Ex-U 0.27% 51,903 $3.9M Add +0.0%
DFLV Dim US Large Cap Value ETF 0.27% 106,502 $3.8M New
SMH Vaneck Semiconductor ETF 0.26% 9,739 $3.7M No change
AMZN Amazon.com Inc. 0.26% 17,879 $3.7M Reduce -79.8%
SGOV iShares 0-3 Month Treasury B 0.26% 36,755 $3.7M Add +7.4%
VONV Vanguard Russell 1000 Value 0.25% 38,239 $3.6M Reduce -0.6%
GLDM SPDR Gold Minishares Trust 0.24% 37,416 $3.5M Add +42.9%
FTNT Fortinet Inc. 0.24% 42,300 $3.5M Reduce -38.1%
LGLV SPDR US LC Low Vol Idx 0.24% 18,958 $3.4M No change
META Meta Platforms Inc. Class A 0.21% 5,291 $3.0M Reduce -73.3%
IAU iShares Gold Trust 0.20% 32,753 $2.9M No change
BRK.B Berkshire Hathaway Inc. Class B 0.19% 5,617 $2.7M Reduce -70.1%
DFAC Dimensional US Core Equity 2 0.18% 64,523 $2.5M No change
SCHG Schwab US Large-Cap Growth 0.18% 86,053 $2.5M Add +0.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.16% 10,786 $2.3M Reduce -0.1%
DFIV Dimensional International Va 0.16% 44,203 $2.3M Add +1227.8%
GOOGL Alphabet Inc. Class A 0.16% 7,977 $2.3M Reduce -86.0%
MSFT Microsoft Corp. 0.16% 6,021 $2.2M Reduce -91.1%
BRK.A Berkshire Hathaway Inc. Class A 0.15% 3 $2.2M No change
SPDW Ste STR SPDR PT DW Eu ETF 0.15% 47,171 $2.2M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.15% 7,192 $2.1M Add +0.0%
EFA iShares MSCI Eafe ETF 0.15% 21,487 $2.1M No change
LIEN Chicago Atlantic BDC Inc. 0.14% 215,576 $2.0M Reduce -19.6%
DFSV Dimensional US Small Cap Val 0.13% 53,769 $1.9M New
IWD iShares Russell 1000 Value E 0.12% 8,321 $1.8M Add +14.1%
CIBR First Trust Nasdaq Cybersecu 0.12% 28,312 $1.8M Reduce -10.2%
IDEV iShares Core MSCI Dev MKTS 0.12% 20,686 $1.7M No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.12% 5,718 $1.7M No change
SHM SS SPDR N Ice St Muni ETF 0.12% 34,816 $1.7M Add +563.2%
INTF iShares International Equity 0.12% 42,634 $1.7M No change
VBIL Vanguard 0-3M T-Bill ETF 0.12% 21,768 $1.6M Add +2.3%
NVDA Nvidia Corp. 0.11% 9,363 $1.6M Reduce -95.0%
ESGU iShares ESG Aware MSCI USA 0.11% 11,476 $1.6M No change
TBIL F/M US Treasury 3 Month Bill 0.11% 32,203 $1.6M No change
GOOG Alphabet Inc. Class C 0.11% 5,254 $1.5M Reduce -87.2%
SMMV iShares MSCI USA Small-Cap M 0.10% 33,080 $1.4M No change
IWR iShares Russell Mid-Cap ETF 0.10% 14,756 $1.4M No change
TSM Taiwan Semiconductor-SP ADR 0.10% 4,048 $1.4M Reduce -52.2%
IVW iShares S&P 500 Growth ETF 0.09% 11,908 $1.3M Add +16.0%
IBIT iShares Bitcoin Trust ETF 0.09% 34,539 $1.3M Add +0.7%
SDY SS SPDR S&P Dividend ETF 0.09% 8,985 $1.3M No change
BMNR Bitmine Immersion Technologi 0.09% 65,229 $1.3M Add +128.1%
GLD SPDR Gold Shares 0.09% 2,994 $1.3M No change
AGG iShares Core U.S. Aggregate 0.09% 12,325 $1.2M Add +5.5%
RY Royal Bank of Canada 0.09% 7,530 $1.2M Reduce -3.5%
WMT Walmart Inc. 0.08% 9,494 $1.2M Reduce -77.0%
IWV iShares Russell 3000 ETF 0.08% 3,053 $1.1M No change
REFI Chicago Atlantic Real Estate 0.08% 98,730 $1.1M Reduce -18.7%
ACWI iShares MSCI Acwi ETF 0.08% 7,820 $1.1M Add +0.3%
LLY Eli Lilly & Co. 0.07% 1,086 $999K Reduce -84.8%
USMV iShares MSCI USA Min Vol Fac 0.07% 10,752 $997K Add +8.9%
MRK Merck & Co. Inc. 0.07% 8,218 $989K Reduce -71.8%
MSTR Strategy Inc. 0.07% 7,787 $972K Add +30.1%
V Visa Inc. Class A 0.07% 3,190 $964K Reduce -80.7%
VIG Vanguard Dividend Apprec ETF 0.07% 4,424 $951K Reduce -60.1%
AGNC AGNC Investment Corp. 0.07% 94,702 $950K Reduce -0.5%
SPLV Invesco S&P 500 Low Volatili 0.06% 12,635 $924K No change
IWM iShares Russell 2000 ETF 0.06% 3,703 $918K Reduce -4.9%
VT Vanguard Tot World STK ETF 0.06% 6,298 $871K Add +0.2%
TPL Texas Pacific Land Corp. 0.06% 1,824 $866K Add +29.6%
QCOM Qualcomm Inc. 0.06% 6,673 $859K Reduce -26.3%
XVV iShares ESG Select Screened 0.06% 17,386 $856K Add +2.5%
PAVE Global X US Infrastructure 0.06% 16,793 $853K No change
CARY Angel Oak Income ETF 0.06% 40,258 $836K No change
JBBB Janus Henderson B-BBB Clo Et 0.06% 17,515 $816K Reduce -38.6%
GNR State Street SPDR S&P Global 0.06% 10,516 $785K Reduce -21.5%
HEFA Isha Curr Hedged MSCI Eafe 0.05% 17,361 $738K Reduce -24.1%
MDY State Street SPDR S&P Midcap 0.05% 1,190 $734K No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.05% 12,313 $729K Reduce -1.7%
UPS United Parcel Service Class B 0.05% 7,380 $726K Reduce -9.2%
FV First Trust DW Focus 5 Fund 0.05% 11,927 $721K No change
JNJ Johnson & Johnson 0.05% 2,933 $717K Reduce -86.3%
DAL Delta Air Lines Inc. 0.05% 10,737 $714K Reduce -41.5%
SCHF Schwab Intl Equity ETF 0.05% 28,293 $700K Add +1.1%
BX Blackstone Inc. 0.05% 6,086 $700K Reduce -41.0%
FTEC Fidelity MSCI Info Tech Indx 0.05% 3,217 $669K No change
MAGS Roundhill Magnificent Seven 0.05% 11,338 $657K Add +85.9%
IGSB iShares 1-5Y Inv Grade Corp. 0.04% 12,146 $638K New
VYM Vanguard High DVD Yield ETF 0.04% 4,180 $619K No change
LULU Lululemon Athletica Inc. 0.04% 4,031 $617K Reduce -26.2%
BIL SS SPDR BB 1-3M T-Bill ETF 0.04% 6,727 $616K Reduce -68.9%
XLE SS Energy Select Sector 0.04% 10,005 $613K Add +5.1%
VXF Vanguard Extended Market ETF 0.04% 2,854 $587K Reduce -35.9%
ETHA iShares Ethereum Trust ETF 0.04% 36,169 $573K Add +1.6%
SCHV Schwab US Large-Cap Value 0.04% 18,754 $572K Add +0.3%
SSO Proshares Ultra S&P500 0.04% 10,904 $566K No change
COST Costco Wholesale Corp. 0.04% 560 $558K Reduce -80.8%
FVD First Trust Value Line DVD 0.04% 11,744 $552K No change
AZO AutoZone Inc. 0.04% 162 $547K Reduce -31.9%
EFAV iShares MSCI Eafe Min Vol Fa 0.04% 5,854 $535K No change
IEMG iShares Core MSCI Emerging 0.04% 7,612 $531K Reduce -0.6%
CSCO Cisco Systems Inc. 0.04% 6,540 $507K Reduce -85.2%
IVE iShares S&P 500 Value ETF 0.03% 2,362 $499K Reduce -0.5%
MUB iShares National Muni Bond E 0.03% 4,670 $496K No change
HYD Vaneck High Yield Muni ETF 0.03% 9,512 $477K Reduce -40.0%
VTWO Vanguard Russell 2000 ETF 0.03% 4,722 $473K No change
OKE Oneok Inc. 0.03% 5,201 $470K Reduce -34.3%
RSP Invesco S&P 500 Equal Weight 0.03% 2,445 $469K Reduce -82.7%
SPYG SS SPDR P S&P 500 Growth ETF 0.03% 4,788 $469K No change
IWP iShares Russell Mid-Cap Grow 0.03% 3,564 $457K No change
ESGD iShares Trust iShares ESG Aw 0.03% 4,597 $440K No change
IFRA iShares US Infrastructure 0.03% 7,682 $439K No change
IXUS iShares Core Intl Stock ETF 0.03% 5,056 $438K Add +19.0%
SPYV SS SPDR P S&P 500 Value ETF 0.03% 7,660 $433K No change
DFAX Dimensional World Ex US Core 0.03% 12,189 $414K No change
XOM Exxon Mobil Corp. 0.03% 2,435 $413K Reduce -95.0%
GWW WW Grainger Inc. 0.03% 368 $401K Reduce -42.8%
EFV iShares MSCI Eafe Value ETF 0.03% 5,199 $387K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.03% 1,016 $373K Reduce -70.4%
FOCL Edap TMS SA -ADR 0.03% 100,000 $372K No change
IVOO Vanguard S&P Mid-Cap 400 ETF 0.03% 3,226 $369K No change
VWO Vanguard Ftse Emerging Marke 0.02% 6,472 $350K Add +3.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 7,141 $348K Reduce -95.4%
SLB SLB Ltd. filed as SLB LIMITED 0.02% 6,749 $347K Reduce -47.2%
FIGR Figure Technology Solut Class A 0.02% 10,001 $340K New
CAT Caterpillar Inc. 0.02% 479 $339K Reduce -86.5%
FBTC Fidelity Wise Origin Bitcoin 0.02% 5,481 $324K No change
XSLV Invesco S&P Smallcap Low Vol 0.02% 6,750 $319K No change
SPGM State Street SPDR Portfolio 0.02% 4,081 $309K No change
HON Honeywell International Inc. 0.02% 1,339 $303K Reduce -75.1%
NFLX Netflix Inc. 0.02% 3,127 $301K Reduce -90.6%
SOXX iShares Semiconductor ETF 0.02% 913 $300K No change
BTC Grayscale Bitcoin Mini ETF 0.02% 9,983 $299K No change
VTEI Vanguard Int Tax-Exempt Bond 0.02% 2,984 $298K No change
INTC Intel Corp. 0.02% 6,751 $298K Reduce -72.7%
CVX Chevron Corp. 0.02% 1,425 $295K Reduce -90.5%
VOTE TCW Transform 500 ETF 0.02% 3,691 $282K No change
BMI Badger Meter Inc. 0.02% 1,825 $278K Add +20.1%
VIOO Vanguard S&P Small-Cap 600 E 0.02% 2,408 $277K No change
HLT Hilton Worldwide Holdings Inc. 0.02% 900 $274K Reduce -66.3%
GS Goldman Sachs Group Inc. 0.02% 323 $273K Reduce -86.3%
IWS iShares Russell Mid-Cap Valu 0.02% 1,842 $268K No change
ESGE iShares Inc. iShares ESG Awar 0.02% 5,876 $267K No change
HSCZ iShares Cur HDG MSCI Eafe SM 0.02% 6,591 $261K Reduce -35.0%
CWI State Street SPDR MSCI Acwi 0.02% 7,067 $259K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.02% 3,247 $258K No change
IYW iShares Ustechnology ETF 0.02% 1,412 $256K No change
ADBE Adobe Inc. 0.02% 1,050 $255K Reduce -48.1%
BLCV iShares Large Cap Val Act 0.02% 6,897 $249K New
NOBL Proshares S&P 500 Dividend A 0.02% 2,332 $247K No change
ETN Eaton Corp. PLC 0.02% 688 $246K Reduce -92.7%
NKE Nike Inc. Class B 0.02% 4,629 $245K Reduce -58.6%
AMGN Amgen Inc. 0.02% 673 $237K Reduce -87.0%
IUSG iShares Core S&P U.S. Growth 0.02% 1,509 $234K Reduce -1.5%
TEL Te Connectivity PLC 0.02% 1,099 $230K New
LOW Lowe's Cos Inc. 0.02% 959 $227K Reduce -85.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 1,362 $218K Reduce -85.5%
AXP American Express Co. 0.02% 717 $217K Reduce -87.9%
KO The Coca-Cola Co. 0.01% 2,827 $215K Reduce -90.5%
FTLS First Trust Long/Short Eqty 0.01% 3,040 $214K No change
SUB iShares Short-Term National 0.01% 2,000 $213K No change
NUSC Nuveen ESG Small-Cap ETF 0.01% 4,725 $213K No change
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.01% 5,809 $213K Reduce -0.2%
PYPL PayPal Holdings Inc. 0.01% 4,697 $212K New
XLF SS Financial Select Sector 0.01% 4,294 $212K No change
TFC Truist Financial Corp. 0.01% 4,579 $210K Reduce -65.9%
EMR Emerson Electric Co. 0.01% 1,593 $209K Reduce -34.0%
SPYM Ste STR SPDR PT S&P 500 ETF 0.01% 2,652 $203K Add +0.7%
EFG iShares MSCI Eafe Growth ETF 0.01% 1,616 $180K No change
VIOV Vanguard S&P Small-Cap 600 V 0.01% 1,762 $179K No change
HEZU iShares Currency Hedged MSCI 0.01% 4,087 $179K Reduce -24.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.01% 1,338 $177K No change
IWN iShares Russell 2000 Value E 0.01% 925 $175K No change
SCHB Schwab US Broad Market ETF 0.01% 6,868 $172K Add +9.5%
FLEE Franklin Ftse Europe ETF 0.01% 4,729 $172K No change
EEM iShares MSCI Emerging Market 0.01% 2,901 $165K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.01% 894 $165K Add +0.1%
XLK SS Technology Select Sector 0.01% 1,108 $147K Add +16.9%
IJH iShares Core S&P Midcap ETF 0.01% 2,180 $147K Add +7.4%
IYH iShares U.S. Healthcare ETF 0.01% 2,300 $142K No change
FLCA Franklin Ftse Canada ETF 0.01% 2,735 $134K No change
SCZ iShares MSCI Eafe Small-Cap 0.01% 1,695 $133K Reduce -18.4%
FLG Flagstar Bank NA 0.01% 10,000 $132K Reduce -2.6%
XLV SS Health Care Select Sector 0.01% 880 $129K Reduce -42.3%
VOOG Vanguard S&P 500 Growth ETF 0.01% 314 $128K No change
SCHA Schwab US Small-Cap ETF 0.01% 4,389 $128K Add +0.1%
VTHR Vanguard Russell 3000 0.01% 420 $121K No change
FNCL Fidelity MSCI Financial Indx 0.01% 1,697 $119K Reduce -0.3%
BIZD Vaneck BDC Income ETF 0.01% 9,154 $117K No change
QVMT Invesco S&P 500 Concentrated 0.01% 1,800 $107K Add +0.6%
JEPI JPMorgan Equity Premium Inco 0.01% 1,856 $105K No change
PRF Invesco Rafi US 1000 ETF 0.01% 2,020 $96K No change
FIDU Fidelity MSCI Indust Indx 0.01% 1,104 $96K No change
FDIS Fidelity MSCI Cons Discr Ind 0.01% 1,011 $94K No change
DWX State Street SPDR S&P Intern 0.01% 2,060 $94K No change
KBWB Invesco KBW Bank ETF 0.01% 1,154 $91K New
FHLC Fidelity MSCI Health Care 0.01% 1,293 $91K Reduce -0.9%
SPSM SS SPDR P S&P 600 Small Cap 0.01% 1,831 $88K Add +0.5%
DYAI Dyadic International Inc. 0.01% 106,564 $87K No change
FCOM Fidelity MSCI Comm Serv Indx 0.01% 1,243 $85K No change
CSM Proshares Large Cap Core Plu 0.01% 1,100 $82K New
XLY SS Consumer Disc Select Sect 0.01% 742 $81K No change
SLYG SS SPDR S&P 600 SC GR ETF 0.01% 835 $81K No change
IWO iShares Russell 2000 Growth 0.01% 253 $79K No change
FLJP Franklin Ftse Japan ETF 0.01% 2,125 $77K No change
IJK iShares S&P Mid-Cap 400 Grow 0.01% 725 $73K No change
ICLN iShares Global Clean Energy 0.00% 3,414 $62K No change
SMLV SS SPDR US SC Low Vol Idx 0.00% 452 $62K No change
IUSV iShares Core S&P U.S. Value 0.00% 560 $57K No change
ESML iShares ESG Aware MSCI USA S 0.00% 1,183 $56K No change
XLC SS Comm Select Sector SPDR 0.00% 493 $55K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.00% 565 $53K No change
CWB SS SPDR BB Conv Sec ETF 0.00% 569 $52K No change
GWX State Street SPDR S&P Intern 0.00% 1,198 $51K No change
XLI SS Industrial Select Sector 0.00% 281 $45K No change
IJS iShares S&P Small-Cap 600 Va 0.00% 377 $45K No change
FSTA Fidelity MSCI Cons Stap Indx 0.00% 825 $43K No change
FENY Fidelity MSCI Energy Index 0.00% 1,200 $41K No change
VGK Vanguard Ftse Europe ETF 0.00% 468 $39K No change
PSQ HOLDINGS INC 0.00% 72,376 $38K Reduce -0.4%
SCHD Schwab US DVD Equity ETF 0.00% 1,221 $37K Add +85.0%
COPX Global X Copper Miners ETF 0.00% 485 $37K New
DNUT Krispy Kreme Inc. 0.00% 10,000 $34K Reduce -1.6%
OEF iShares S&P 100 ETF 0.00% 106 $34K No change
RDIV Invesco S&P Ultra Dividend 0.00% 573 $32K No change
REET iShares Global REIT ETF 0.00% 1,210 $30K No change
FUTY Fidelity MSCI US Utilities 0.00% 392 $23K No change
VNQ Vanguard Real Estate ETF 0.00% 245 $22K No change
FMAT Fidelity MSCI Materials Indx 0.00% 374 $22K No change
XLP SS Consumer Staples Sel Sect 0.00% 223 $18K No change
SCHP Schwab U.S. Tips ETF 0.00% 686 $18K No change
SPSB SS SPDR P St C Corp. ETF 0.00% 603 $18K Reduce -91.3%
PSI Invesco Semiconductors ETF 0.00% 190 $18K No change
SPEM State Street SP PTF Em ETF 0.00% 370 $17K No change
XT Ishar Fture Exp Tech ETF-Usd 0.00% 252 $17K No change
DIVI Franklin International Core 0.00% 379 $15K No change
VPL Vanguard Ftse Pacific ETF 0.00% 149 $15K No change
IBB iShares Biotechnology ETF 0.00% 75 $13K No change
XLB SS Materials Select Sector 0.00% 236 $12K No change
IEUR iShares Core MSCI Europe ETF 0.00% 155 $11K No change
CLOI Vaneck Clo ETF 0.00% 184 $10K New
ILCG iShares Morningstar Growth E 0.00% 100 $10K No change
CGW Invesco S&P Global Water Ind 0.00% 147 $9K No change
ESGV Vanguard ESG US Stock ETF 0.00% 74 $8K No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.00% 81 $4K No change
ITA iShares U.S. Aerospace & Def 0.00% 5 $1K New
XAR SS SPDR S&P Aerospace Def 0.00% 2 $508 No change
KRE SS SPDR S&P Regional Bank 0.00% 3 $195 New
PBW Invesco Wilderhill Clean Ene 0.00% 4 $140 No change

Portfolio Sells Q4 2025 → Q1 2026
NVDA Nvidia Corp. Reduce -95.0% 0.11% −1.76
MSFT Microsoft Corp. Reduce -91.1% 0.16% −1.58
AAPL Apple Inc. Reduce -78.1% 0.58% −1.58
AMZN Amazon.com Inc. Reduce -79.8% 0.26% −0.82
GOOGL Alphabet Inc. Class A Reduce -86.0% 0.16% −0.79
AVGO Broadcom Inc. Reduce -56.9% 0.71% −0.69
CHD Church & Dwight Co. Inc. Sold out 0.00% −0.64
GOOG Alphabet Inc. Class C Reduce -87.2% 0.11% −0.58
META Meta Platforms Inc. Class A Reduce -73.3% 0.21% −0.48
TSLA Tesla Inc. Reduce -48.3% 0.57% −0.44
BAC Bank of America Corp. Reduce -95.4% 0.02% −0.43
LLY Eli Lilly & Co. Reduce -84.8% 0.07% −0.34
BRK.B Berkshire Hathaway Inc. Class B Reduce -70.1% 0.19% −0.31
XOM Exxon Mobil Corp. Reduce -95.0% 0.03% −0.28
JPM JPMorgan Chase & Co. Reduce -42.7% 0.61% −0.27
V Visa Inc. Class A Reduce -80.7% 0.07% −0.24
HD Home Depot Inc. Sold out 0.00% −0.21
KBDC Kayne Anderson BDC Inc. Reduce -47.6% 0.40% −0.20
ABBV Abbvie Inc. Sold out 0.00% −0.20
MA Mastercard Inc. Class A Sold out 0.00% −0.19
JNJ Johnson & Johnson Reduce -86.3% 0.05% −0.19
PNFP Pinnacle Financial Partners Sold out 0.00% −0.18
WMT Walmart Inc. Reduce -77.0% 0.08% −0.16
ORCL Oracle Corp. Sold out 0.00% −0.16
CSCO Cisco Systems Inc. Reduce -85.2% 0.04% −0.15
UNH Unitedhealth Group Inc. Sold out 0.00% −0.15
NFLX Netflix Inc. Reduce -90.6% 0.02% −0.14
ETN Eaton Corp. PLC Reduce -92.7% 0.02% −0.14
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.14
IBM Intl Business Machines Corp. Sold out 0.00% −0.14
PG The Procter & Gamble Co. Sold out 0.00% −0.14
MU Micron Technology Inc. Sold out 0.00% −0.12
AMD Advanced Micro Devices Sold out 0.00% −0.12
GE General Electric Sold out 0.00% −0.12
WFC Wells Fargo & Co. Sold out 0.00% −0.11
C Citigroup Inc. Sold out 0.00% −0.11
LRCX Lam Research Corp. Sold out 0.00% −0.11
RSP Invesco S&P 500 Equal Weight Reduce -82.7% 0.03% −0.11
RTX RTX Corp. Sold out 0.00% −0.11
PM Philip Morris International Sold out 0.00% −0.11
ABT Abbott Laboratories Sold out 0.00% −0.10
AXP American Express Co. Reduce -87.9% 0.02% −0.10
CVX Chevron Corp. Reduce -90.5% 0.02% −0.10
AMAT Applied Materials Inc. Sold out 0.00% −0.10
BLK BlackRock Inc. Sold out 0.00% −0.10
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.10
KO The Coca-Cola Co. Reduce -90.5% 0.01% −0.09
COST Costco Wholesale Corp. Reduce -80.8% 0.04% −0.09
NEE Nextera Energy Inc. Sold out 0.00% −0.09
APH Amphenol Corp. Class A Sold out 0.00% −0.09

Portfolio Buys Q4 2025 → Q1 2026
JAAA Janus Henderson Aaa Clo ETF Add +3.0% 18.23% +4.77
JQUA JPMorgan US Quality Factor Add +0.9% 12.73% +2.88
VTI VG Morningstar TS MKT ETF-US Add +0.3% 9.39% +1.97
QUAL iShares MSCI USA Quality Fac Add +2.8% 7.75% +1.83
IQLT iShares MSCI International Q Add +8.4% 5.27% +1.65
VGIT Vanguard Intermediate-Term T Add +11.6% 2.98% +0.94
GBDC Golub Capital BDC Inc. Add +11.8% 3.33% +0.91
VEA Vanguard Ftse Developed ETF Add +9.7% 2.52% +0.82
JMBS Janus Henderson Mortg Backed Add +30.9% 1.94% +0.80
ITOT iShares Core S&P Total U.S. Add +38.1% 0.79% +0.34
VXUS Vanguard Total Intl Stock Add +1.3% 1.12% +0.30
VGSH Vanguard Short-Term Treasury Add +31.9% 0.64% +0.27
DFLV Dim US Large Cap Value ETF New 0.27% +0.27
VTV Vanguard Mrngstr Val ETF-Aui Add +47.6% 0.41% +0.20
SPHQ Invesco S&P 500 Quality ETF Add +0.0% 0.80% +0.19
SPY SS SPDR S&P 500 ETF Trust-US Add +0.7% 0.86% +0.18
IWF iShares Russell 1000 Growth Add +31.9% 0.49% +0.18
DFIV Dimensional International Va Add +1227.8% 0.16% +0.15
QQQM Invesco Nasdaq 100 ETF Add +0.0% 0.70% +0.14
DFSV Dimensional US Small Cap Val New 0.13% +0.13
IWB iShares Russell 1000 ETF Add +8.1% 0.48% +0.13
GLDM SPDR Gold Minishares Trust Add +42.9% 0.24% +0.12
SHM SS SPDR N Ice St Muni ETF Add +563.2% 0.12% +0.10
IEFA iShares Core MSCI Eafe ETF Add +12.9% 0.30% +0.10
SGOV iShares 0-3 Month Treasury B Add +7.4% 0.26% +0.08
VEU Vanguard Ftse All-World Ex-U Add +0.0% 0.27% +0.07
BMNR Bitmine Immersion Technologi Add +128.1% 0.09% +0.05
VONG Vanguard Russell 1000 Growth Add +0.0% 0.29% +0.05
IGSB iShares 1-5Y Inv Grade Corp. New 0.04% +0.04
IWD iShares Russell 1000 Value E Add +14.1% 0.12% +0.04
TPL Texas Pacific Land Corp. Add +29.6% 0.06% +0.04
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.0% 0.15% +0.03
VBIL Vanguard 0-3M T-Bill ETF Add +2.3% 0.12% +0.03
IVW iShares S&P 500 Growth ETF Add +16.0% 0.09% +0.03
SCHG Schwab US Large-Cap Growth Add +0.0% 0.18% +0.03
MAGS Roundhill Magnificent Seven Add +85.9% 0.05% +0.02
FIGR Figure Technology Solut Class A New 0.02% +0.02
AGG iShares Core U.S. Aggregate Add +5.5% 0.09% +0.02
USMV iShares MSCI USA Min Vol Fac Add +8.9% 0.07% +0.02
XLE SS Energy Select Sector Add +5.1% 0.04% +0.02
MSTR Strategy Inc. Add +30.1% 0.07% +0.02
BLCV iShares Large Cap Val Act New 0.02% +0.02
ACWI iShares MSCI Acwi ETF Add +0.3% 0.08% +0.02
TEL Te Connectivity PLC New 0.02% +0.02
PYPL PayPal Holdings Inc. New 0.01% +0.01
VT Vanguard Tot World STK ETF Add +0.2% 0.06% +0.01
SCHF Schwab Intl Equity ETF Add +1.1% 0.05% +0.01
XVV iShares ESG Select Screened Add +2.5% 0.06% +0.01
IXUS iShares Core Intl Stock ETF Add +19.0% 0.03% +0.01
SCHV Schwab US Large-Cap Value Add +0.3% 0.04% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 304$1.6BJAAA, JQUA, VTI, QUAL, IQLT
Q1 2026 281$1.4BJAAA, JQUA, VTI, QUAL, IQLT
Q4 2025 559$1.9BJAAA, JQUA, VTI, QUAL, IQLT
Q3 2025 547$1.7BJAAA, JQUA, VTI, QUAL, IQLT
Q2 2025 494$1.5BJAAA, JQUA, VTI, QUAL, IQLT
Q1 2025 492$1.4BJAAA, JQUA, VTI, QUAL, IQLT
Q4 2024 473$1.4BJAAA, JQUA, VTI, QUAL, VOO
Q3 2024 485$1.2BJAAA, QUAL, JQUA, VTI, VOO
Q2 2024 420$1.1BJAAA, QUAL, JQUA, VTI, VOO
Q1 2024 407$962.2MJAAA, QUAL, JQUA, VTI, VOO