Salomon & Ludwin, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Salomon & Ludwin, LLC reported 716 stock positions worth $938.2 million. Its top holding was iShares S&P 500 Growth ETF (IVW) at 6.8% of the portfolio, followed by iShares Short-Term National (SUB, 6.6%) and JPM Ultra-Short Muni Income (JMST, 5.5%). Compared with Q4 2024, it opened 21 new positions, sold out of 24, added to 79 and reduced 139. The biggest buy was iShares Short-Term National (SUB, shares +4%) and the biggest sale iShares S&P 500 Growth ETF (IVW, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001766156
- Portfolio Value
- $938.2M (Q1 2025)
- SEC Filing
- 0001766156-25-000005 ↗ filed Apr 28, 2025
Holdings Value
Holdings 716 stocks · $938.2M
| IVW iShares S&P 500 Growth ETF | 6.81% | 687,847 | $63.9M | Reduce -2.8% |
| SUB iShares Short-Term National | 6.56% | 582,474 | $61.5M | Add +4.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 5.51% | 1,017,236 | $51.7M | Reduce -1.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 4.88% | 498,938 | $45.8M | Add +3.4% |
| VOO Vanguard S&P 500 ETF | 4.88% | 89,034 | $45.8M | Reduce -0.7% |
| XLK SS Technology Select Sector | 4.84% | 220,017 | $45.4M | Add +6.7% |
| IVE iShares S&P 500 Value ETF | 4.03% | 198,572 | $37.8M | Reduce -3.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.84% | 536,096 | $26.6M | Add +3.8% |
| MUB iShares National Muni Bond E | 2.67% | 237,201 | $25.0M | Add +4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.66% | 44,739 | $25.0M | Reduce -0.7% |
| VEA Vanguard Ftse Developed ETF | 2.65% | 489,022 | $24.9M | Reduce -0.9% |
| MSFT Microsoft Corp. | 2.45% | 61,171 | $23.0M | Add +9.7% |
| IJH iShares Core S&P Midcap ETF | 2.40% | 385,807 | $22.5M | Reduce -1.9% |
| VGSH Vanguard Short-Term Treasury | 2.22% | 355,451 | $20.9M | Add +5.3% |
| EFA iShares MSCI Eafe ETF | 2.14% | 245,823 | $20.1M | Reduce -3.7% |
| VYM Vanguard High DVD Yield ETF | 1.99% | 144,449 | $18.6M | Reduce -2.7% |
| IJK iShares S&P Mid-Cap 400 Grow | 1.72% | 193,442 | $16.1M | Reduce -3.0% |
| XLY SS Consumer Disc Select Sect | 1.62% | 77,194 | $15.2M | Add +7.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.56% | 39,399 | $14.6M | Reduce -1.7% |
| AAPL Apple Inc. | 1.47% | 61,910 | $13.8M | Add +4.0% |
| XLV SS Health Care Select Sector | 1.47% | 94,159 | $13.8M | Add +6.1% |
| IWM iShares Russell 2000 ETF | 1.44% | 67,782 | $13.5M | Add +3.6% |
| IJJ iShares S&P Mid-Cap 400 Valu | 1.38% | 108,381 | $13.0M | Reduce -3.5% |
| XLF SS Financial Select Sector | 1.33% | 249,770 | $12.4M | Add +4.4% |
| VGIT Vanguard Intermediate-Term T | 1.25% | 196,637 | $11.7M | Add +10.1% |
| SPTI SS SPDR P Int Term TSY ETF | 1.18% | 388,476 | $11.1M | Add +10.7% |
| IJR iShares Core S&P Small-Cap E | 1.18% | 105,696 | $11.1M | Reduce -1.2% |
| SHY iShares 1-3 Year Treasury Bo | 1.07% | 121,258 | $10.0M | Add +11.7% |
| XLP SS Consumer Staples Sel Sect | 0.99% | 113,295 | $9.3M | Add +5.8% |
| IJT iShares S&P Small-Cap 600 GR | 0.89% | 67,355 | $8.4M | Reduce -2.9% |
| IVV iShares Core S&P 500 ETF | 0.81% | 13,605 | $7.6M | Reduce -7.6% |
| XLI SS Industrial Select Sector | 0.79% | 56,417 | $7.4M | Add +4.6% |
| IEMG iShares Core MSCI Emerging | 0.71% | 122,671 | $6.6M | Reduce -1.7% |
| EEM iShares MSCI Emerging Market | 0.70% | 151,334 | $6.6M | Reduce -2.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.69% | 51,240 | $6.5M | Add +17.4% |
| MO Altria Group Inc. | 0.64% | 100,801 | $6.1M | Add +0.6% |
| IXG iShares Global Financials Et | 0.59% | 53,539 | $5.5M | Reduce -0.1% |
| SDY SS SPDR S&P Dividend ETF | 0.54% | 37,406 | $5.1M | Reduce -0.8% |
| PEY Invesco High Yield Equity Di | 0.52% | 226,555 | $4.9M | Reduce -1.6% |
| PM Philip Morris International | 0.50% | 29,423 | $4.7M | Add +2.5% |
| VCR Vanguard Consumer Discre ETF | 0.50% | 14,344 | $4.7M | Add +3.2% |
| IJS iShares S&P Small-Cap 600 Va | 0.49% | 46,707 | $4.6M | Reduce -3.5% |
| ORCL Oracle Corp. | 0.48% | 31,964 | $4.5M | No change |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.47% | 56,012 | $4.4M | Reduce -0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.46% | 19,425 | $4.3M | Reduce -2.7% |
| D Dominion Energy Inc. | 0.43% | 72,122 | $4.0M | Add +1.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.41% | 15,013 | $3.9M | Reduce -2.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.39% | 70,568 | $3.6M | Add +22.1% |
| VIS Vanguard Industrials ETF | 0.37% | 14,145 | $3.5M | Add +7.7% |
| FDL First Trust Morn DVD Lead Inc. | 0.37% | 79,484 | $3.5M | Reduce -0.5% |
| VT Vanguard Tot World STK ETF | 0.36% | 29,457 | $3.4M | Add +0.5% |
| MDY State Street SPDR S&P Midcap | 0.35% | 6,221 | $3.3M | Add +14.9% |
| MCD McDonald's Corp. | 0.35% | 10,550 | $3.3M | Add +2.3% |
| XLE SS Energy Select Sector | 0.32% | 32,580 | $3.0M | Add +7.6% |
| VGT Vanguard Info Tech ETF | 0.32% | 5,553 | $3.0M | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 0.32% | 12,822 | $3.0M | Reduce -1.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.31% | 17,047 | $2.9M | Reduce -6.6% |
| AIVL Wisdomtree US AI Enhanced Va | 0.31% | 26,259 | $2.9M | Reduce -0.3% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 63,235 | $2.9M | Reduce -3.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.29% | 74,474 | $2.7M | Add +87.1% |
| DON Wisdomtree US Midcap Dividen | 0.23% | 44,521 | $2.2M | Reduce -0.7% |
| XLC SS Comm Select Sector SPDR | 0.22% | 21,580 | $2.1M | Add +8.0% |
| NEU Newmarket Corp. | 0.22% | 3,596 | $2.0M | No change |
| IWF iShares Russell 1000 Growth | 0.21% | 5,389 | $1.9M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 0.21% | 10,151 | $1.9M | Add +3.6% |
| DES Wisdomtree US Smallcap Divid | 0.20% | 58,693 | $1.9M | Reduce -0.6% |
| VDE Vanguard Energy ETF | 0.19% | 13,970 | $1.8M | Add +9.7% |
| KO The Coca-Cola Co. | 0.16% | 20,821 | $1.5M | Reduce -0.4% |
| SGOV iShares 0-3 Month Treasury B | 0.15% | 14,235 | $1.4M | Reduce -0.6% |
| RSP Invesco S&P 500 Equal Weight | 0.15% | 7,909 | $1.4M | Add +8.8% |
| VHT Vanguard Health Care ETF | 0.15% | 5,172 | $1.4M | Add +5.3% |
| MDYV SS SPDR S&P 400 MC Val ETF | 0.13% | 15,967 | $1.2M | Add +16.0% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.13% | 15,465 | $1.2M | Add +18.3% |
| JPM JPMorgan Chase & Co. | 0.13% | 5,011 | $1.2M | Add +74.5% |
| LRCX Lam Research Corp. | 0.12% | 15,870 | $1.2M | No change |
| ITA iShares U.S. Aerospace & Def | 0.11% | 6,870 | $1.1M | No change |
| ABBV Abbvie Inc. | 0.11% | 4,782 | $1.0M | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.10% | 2,086 | $978K | Add +1.2% |
| PRAA Pra Group Inc. | 0.10% | 46,699 | $963K | No change |
| LLY Eli Lilly & Co. | 0.10% | 1,140 | $942K | Add +53.2% |
| SPEM State Street SP PTF Em ETF | 0.10% | 23,072 | $912K | Add +85.5% |
| GOOGL Alphabet Inc. Class A | 0.10% | 5,830 | $902K | Add +28.6% |
| TFC Truist Financial Corp. | 0.10% | 21,739 | $895K | Reduce -1.3% |
| MA Mastercard Inc. Class A | 0.09% | 1,596 | $875K | No change |
| JNJ Johnson & Johnson | 0.09% | 4,902 | $813K | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 0.09% | 1,383 | $797K | No change |
| ITOT iShares Core S&P Total U.S. | 0.08% | 6,393 | $780K | Add +23.1% |
| SHV iShares 0-1 Year Treasury Bo | 0.08% | 6,806 | $752K | Reduce -22.6% |
| XOM Exxon Mobil Corp. | 0.08% | 5,965 | $709K | Add +38.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.07% | 2,632 | $677K | Reduce -8.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 2,443 | $671K | No change |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.07% | 7,707 | $642K | Add +24.2% |
| UNH Unitedhealth Group Inc. | 0.07% | 1,211 | $634K | No change |
| SCHD Schwab US DVD Equity ETF | 0.07% | 22,469 | $628K | Reduce -0.8% |
| NSC Norfolk Southern Corp. | 0.07% | 2,634 | $624K | Reduce -0.0% |
| OEF iShares S&P 100 ETF | 0.07% | 2,258 | $612K | No change |
| VDC Vanguard Consumer Staple ETF | 0.06% | 2,722 | $596K | Reduce -16.3% |
| PEP Pepsico Inc. | 0.06% | 3,776 | $566K | Reduce -0.0% |
| DUK Duke Energy Corp. | 0.06% | 4,528 | $552K | No change |
| AUB Atlantic Union Bankshares Co. | 0.06% | 16,925 | $527K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 86 | $2K | No change |
Total filed on the 13F, all lines: $938.2M.
Portfolio Sells Q4 2024 → Q1 2025
| IVW iShares S&P 500 Growth ETF | Reduce -2.8% | 6.81% | −0.81 |
| VOO Vanguard S&P 500 ETF | Reduce -0.7% | 4.88% | −0.24 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -3.0% | 1.72% | −0.20 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.9% | 2.40% | −0.20 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.7% | 1.56% | −0.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.7% | 2.66% | −0.13 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.2% | 1.18% | −0.13 |
| IVE iShares S&P 500 Value ETF | Reduce -3.1% | 4.03% | −0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -7.6% | 0.81% | −0.10 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -3.5% | 1.38% | −0.10 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -2.9% | 0.89% | −0.10 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -3.5% | 0.49% | −0.07 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -0.8% | 0.47% | −0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.7% | 0.46% | −0.05 |
| VGT Vanguard Info Tech ETF | Reduce -0.8% | 0.32% | −0.05 |
| IWF iShares Russell 1000 Growth | Reduce -0.9% | 0.21% | −0.02 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -22.6% | 0.08% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.7% | 1.99% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -1.5% | 0.32% | −0.02 |
| TSLA Tesla Inc. | Reduce -6.0% | 0.03% | −0.02 |
| GLTR Abrdn Precious Metals Basket | Sold out | 0.00% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.4% | 0.41% | −0.02 |
| DES Wisdomtree US Smallcap Divid | Reduce -0.6% | 0.20% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -6.6% | 0.31% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -8.9% | 0.07% | −0.01 |
| VTWO Vanguard Russell 2000 ETF | Reduce -15.6% | 0.03% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -56.0% | 0.01% | −0.01 |
| VDC Vanguard Consumer Staple ETF | Reduce -16.3% | 0.06% | −0.01 |
| VIOO Vanguard S&P Small-Cap 600 E | Reduce -82.0% | 0.00% | −0.01 |
| DFUV Dimensional US Marketwide Va | Sold out | 0.00% | −0.01 |
| PDP Invesco Dorsey Wright Moment | Reduce -53.9% | 0.01% | −0.01 |
| JMST JPM Ultra-Short Muni Income | Reduce -1.0% | 5.51% | −0.01 |
| DON Wisdomtree US Midcap Dividen | Reduce -0.7% | 0.23% | −0.01 |
| DFAX Dimensional World Ex US Core | Sold out | 0.00% | −0.01 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -18.4% | 0.03% | −0.01 |
| DFAT Dimensional US Target Value | Sold out | 0.00% | −0.01 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -54.0% | 0.01% | −0.01 |
| PKW Invesco Buyback Achievers Et | Reduce -50.1% | 0.01% | −0.01 |
| TFC Truist Financial Corp. | Reduce -1.3% | 0.10% | −0.01 |
| RPG Invesco S&P 500 Pure Growth | Reduce -55.6% | 0.00% | −0.01 |
| RPV Invesco S&P 500 Pure Value E | Reduce -46.1% | 0.01% | −0.01 |
| HRL Hormel Foods Corp. | Reduce -59.3% | 0.00% | −0.00 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -2.5% | 0.03% | −0.00 |
| VYMI Vanguard Int High DVD YLD Inc. | Sold out | 0.00% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -9.8% | 0.02% | −0.00 |
| MRVL Marvell Technology Inc. | Reduce -26.1% | 0.00% | −0.00 |
| USAP Universal Stainless & Alloy | Sold out | 0.00% | −0.00 |
| BAC Bank of America Corp. | Reduce -4.6% | 0.03% | −0.00 |
| VPU Vanguard Utilities ETF | Reduce -38.3% | 0.01% | −0.00 |
| FLRN SS SPDR BB Ig Float RT ETF | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| SUB iShares Short-Term National | Add +4.1% | 6.56% | +0.30 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +17.4% | 0.69% | +0.28 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +3.4% | 4.88% | +0.20 |
| XLV SS Health Care Select Sector | Add +6.1% | 1.47% | +0.17 |
| VGIT Vanguard Intermediate-Term T | Add +10.1% | 1.25% | +0.15 |
| SPTI SS SPDR P Int Term TSY ETF | Add +10.7% | 1.18% | +0.15 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +87.1% | 0.29% | +0.15 |
| VGSH Vanguard Short-Term Treasury | Add +5.3% | 2.22% | +0.14 |
| PM Philip Morris International | Add +2.5% | 0.50% | +0.13 |
| SHY iShares 1-3 Year Treasury Bo | Add +11.7% | 1.07% | +0.13 |
| MUB iShares National Muni Bond E | Add +4.5% | 2.67% | +0.10 |
| XLF SS Financial Select Sector | Add +4.4% | 1.33% | +0.10 |
| XLP SS Consumer Staples Sel Sect | Add +5.8% | 0.99% | +0.09 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +3.8% | 2.84% | +0.09 |
| MO Altria Group Inc. | Add +0.6% | 0.64% | +0.09 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +22.1% | 0.39% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +74.5% | 0.13% | +0.06 |
| XLE SS Energy Select Sector | Add +7.6% | 0.32% | +0.05 |
| SPEM State Street SP PTF Em ETF | Add +85.5% | 0.10% | +0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +622.2% | 0.05% | +0.04 |
| LLY Eli Lilly & Co. | Add +53.2% | 0.10% | +0.04 |
| XLI SS Industrial Select Sector | Add +4.6% | 0.79% | +0.04 |
| MCD McDonald's Corp. | Add +2.3% | 0.35% | +0.03 |
| VDE Vanguard Energy ETF | Add +9.7% | 0.19% | +0.03 |
| MDY State Street SPDR S&P Midcap | Add +14.9% | 0.35% | +0.03 |
| XOM Exxon Mobil Corp. | Add +38.2% | 0.08% | +0.03 |
| D Dominion Energy Inc. | Add +1.6% | 0.43% | +0.03 |
| MDLZ Mondelez International Inc. Class A | Add +43.1% | 0.05% | +0.02 |
| VIS Vanguard Industrials ETF | Add +7.7% | 0.37% | +0.02 |
| XLC SS Comm Select Sector SPDR | Add +8.0% | 0.22% | +0.02 |
| GE General Electric | Add +145.9% | 0.02% | +0.02 |
| MDYV SS SPDR S&P 400 MC Val ETF | Add +16.0% | 0.13% | +0.01 |
| VHT Vanguard Health Care ETF | Add +5.3% | 0.15% | +0.01 |
| PG The Procter & Gamble Co. | Add +27.6% | 0.06% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +23.1% | 0.08% | +0.01 |
| RS Reliance Inc. | Add +36.1% | 0.04% | +0.01 |
| VZ Verizon Communications Inc. | Add +48.5% | 0.03% | +0.01 |
| BSVO EA Bridgeway Omni Sm-Cp Val | New | 0.01% | +0.01 |
| IRDM Iridium Communications Inc. | New | 0.01% | +0.01 |
| COST Costco Wholesale Corp. | Add +28.1% | 0.05% | +0.01 |
| HD Home Depot Inc. | Add +48.6% | 0.04% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +8.8% | 0.15% | +0.01 |
| MDYG SS SPDR S&P 400 MC GR ETF | Add +18.3% | 0.13% | +0.01 |
| IBM Intl Business Machines Corp. | Add +35.8% | 0.03% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +71.4% | 0.03% | +0.01 |
| CVX Chevron Corp. | Add +6.5% | 0.05% | +0.01 |
| GLDM SPDR Gold Minishares Trust | New | 0.01% | +0.01 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +24.2% | 0.07% | +0.01 |
| HON Honeywell International Inc. | Add +83.3% | 0.02% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,115 | $1.2B | IVW, SUB, XLK, JMST, VOO |
| Q1 2026 | 2,096 | $1.1B | SUB, IVW, JMST, XLK, BIL |
| Q4 2025 | 2,142 | $1.1B | IVW, SUB, XLK, JMST, VOO |
| Q3 2025 | 2,151 | $1.1B | IVW, SUB, XLK, JMST, VOO |
| Q2 2025 | 1,120 | $1.0B | IVW, SUB, XLK, JMST, VOO |
| Q1 2025 | 716 | $938.2M | IVW, SUB, JMST, BIL, VOO |
| Q4 2024 | 719 | $943.9M | IVW, SUB, JMST, VOO, XLK |
| Q3 2024 | 733 | $981.9M | IVW, SUB, JMST, XLK, VOO |
| Q2 2024 | 734 | $895.9M | IVW, XLK, SUB, VOO, IVE |
| Q1 2024 | 851 | $1.2B | IVW, XLK, VOO, IVE, SUB |