Salomon & Ludwin, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Salomon & Ludwin, LLC reported 2,151 stock positions worth $1.1 billion. Its top holding was iShares S&P 500 Growth ETF (IVW) at 6.9% of the portfolio, followed by iShares Short-Term National (SUB, 6.1%) and SS Technology Select Sector (XLK, 5.7%). Compared with Q2 2025, it opened 1,053 new positions, sold out of 22, added to 742 and reduced 134. The biggest buy was Apple (AAPL, shares +11%) and the biggest sale iShares National Muni Bond E (MUB, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001766156
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001766156-25-000008 ↗ filed Oct 21, 2025
Holdings Value
Holdings 2,151 stocks · $1.1B
| IVW iShares S&P 500 Growth ETF | 6.85% | 628,889 | $76.1M | Reduce -4.7% |
| SUB iShares Short-Term National | 6.10% | 635,915 | $67.8M | Add +6.1% |
| XLK SS Technology Select Sector | 5.73% | 223,637 | $63.7M | Add +1.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 5.27% | 1,150,038 | $58.6M | Add +13.1% |
| VOO Vanguard S&P 500 ETF | 4.58% | 82,630 | $50.9M | Reduce -3.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 4.30% | 522,327 | $47.8M | Add +1.0% |
| IVE iShares S&P 500 Value ETF | 3.62% | 193,529 | $40.2M | Reduce -1.5% |
| MSFT Microsoft Corp. | 2.87% | 61,662 | $31.9M | Add +5.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.56% | 42,587 | $28.5M | Reduce -3.5% |
| VEA Vanguard Ftse Developed ETF | 2.53% | 459,967 | $28.1M | Reduce -3.0% |
| IJH iShares Core S&P Midcap ETF | 2.18% | 367,904 | $24.2M | Reduce -1.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.17% | 481,856 | $24.1M | Reduce -11.9% |
| VGSH Vanguard Short-Term Treasury | 2.04% | 385,731 | $22.7M | Add +3.3% |
| EFA iShares MSCI Eafe ETF | 1.97% | 230,622 | $21.9M | Reduce -5.0% |
| MUB iShares National Muni Bond E | 1.91% | 199,980 | $21.3M | Reduce -17.9% |
| VYM Vanguard High DVD Yield ETF | 1.75% | 137,092 | $19.4M | Reduce -1.3% |
| XLY SS Consumer Disc Select Sect | 1.69% | 79,065 | $18.8M | Add +2.5% |
| IJK iShares S&P Mid-Cap 400 Grow | 1.61% | 185,177 | $17.9M | Reduce -1.7% |
| AAPL Apple Inc. | 1.60% | 68,983 | $17.8M | Add +11.3% |
| IWM iShares Russell 2000 ETF | 1.60% | 72,257 | $17.8M | Add +4.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.52% | 35,038 | $16.9M | Reduce -3.5% |
| XLF SS Financial Select Sector | 1.33% | 276,093 | $14.8M | Add +6.9% |
| XLV SS Health Care Select Sector | 1.31% | 100,840 | $14.6M | Add +5.8% |
| IJJ iShares S&P Mid-Cap 400 Valu | 1.22% | 103,201 | $13.5M | Reduce -1.9% |
| VGIT Vanguard Intermediate-Term T | 1.17% | 216,076 | $13.0M | Add +1.6% |
| SPTI SS SPDR P Int Term TSY ETF | 1.11% | 425,897 | $12.3M | Add +1.3% |
| IJR iShares Core S&P Small-Cap E | 1.09% | 100,512 | $12.1M | Reduce -2.5% |
| SHY iShares 1-3 Year Treasury Bo | 1.04% | 140,056 | $11.6M | Add +3.8% |
| XLI SS Industrial Select Sector | 0.85% | 61,173 | $9.4M | Add +5.5% |
| ORCL Oracle Corp. | 0.84% | 32,671 | $9.3M | Add +2.2% |
| IJT iShares S&P Small-Cap 600 GR | 0.83% | 64,834 | $9.2M | Reduce -1.8% |
| XLP SS Consumer Staples Sel Sect | 0.81% | 116,078 | $9.1M | Add +2.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.79% | 83,420 | $8.7M | Reduce -2.9% |
| IVV iShares Core S&P 500 ETF | 0.75% | 12,472 | $8.4M | Reduce -7.2% |
| EEM iShares MSCI Emerging Market | 0.70% | 144,072 | $7.8M | Reduce -2.7% |
| IEMG iShares Core MSCI Emerging | 0.70% | 116,600 | $7.8M | Reduce -1.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.65% | 165,299 | $7.2M | Add +56.4% |
| MO Altria Group Inc. | 0.60% | 101,468 | $6.7M | Add +1.0% |
| IXG iShares Global Financials Et | 0.53% | 50,364 | $5.9M | Reduce -0.4% |
| VCR Vanguard Consumer Discre ETF | 0.49% | 13,940 | $5.5M | Reduce -0.4% |
| IJS iShares S&P Small-Cap 600 Va | 0.46% | 45,189 | $5.1M | Reduce -2.2% |
| SDY SS SPDR S&P Dividend ETF | 0.45% | 35,731 | $5.0M | Reduce -3.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.45% | 89,062 | $5.0M | Add +12.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.44% | 53,890 | $4.9M | Reduce -0.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.43% | 18,517 | $4.8M | Reduce -4.4% |
| PEY Invesco High Yield Equity Di | 0.40% | 208,924 | $4.5M | Reduce -4.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.39% | 14,737 | $4.4M | Reduce -1.4% |
| PM Philip Morris International | 0.38% | 27,840 | $4.3M | Add +1.2% |
| D Dominion Energy Inc. | 0.38% | 67,985 | $4.2M | Reduce -1.0% |
| VT Vanguard Tot World STK ETF | 0.37% | 29,395 | $4.1M | Add +1.7% |
| VIS Vanguard Industrials ETF | 0.36% | 13,623 | $4.1M | Reduce -0.4% |
| VGT Vanguard Info Tech ETF | 0.36% | 5,291 | $4.0M | Reduce -3.7% |
| XLC SS Comm Select Sector SPDR | 0.33% | 31,650 | $3.7M | Add +25.4% |
| MDY State Street SPDR S&P Midcap | 0.32% | 5,983 | $3.6M | Reduce -3.5% |
| VWO Vanguard Ftse Emerging Marke | 0.31% | 62,126 | $3.4M | Reduce -1.4% |
| FDL First Trust Morn DVD Lead Inc. | 0.30% | 75,125 | $3.3M | Reduce -4.9% |
| XLE SS Energy Select Sector | 0.29% | 36,716 | $3.3M | Add +9.3% |
| LOW Lowe's Cos Inc. | 0.29% | 13,039 | $3.2M | Add +2.4% |
| NEU Newmarket Corp. | 0.28% | 3,740 | $3.2M | Add +4.0% |
| AMZN Amazon.com Inc. | 0.28% | 14,311 | $3.1M | Add +36.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 16,480 | $3.1M | Reduce -1.9% |
| AIVL Wisdomtree US AI Enhanced Va | 0.27% | 25,755 | $3.0M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.26% | 9,736 | $2.9M | Reduce -7.6% |
| IWF iShares Russell 1000 Growth | 0.23% | 5,448 | $2.6M | Reduce -4.8% |
| NVDA Nvidia Corp. | 0.23% | 13,339 | $2.5M | Add +391.3% |
| LRCX Lam Research Corp. | 0.21% | 16,127 | $2.4M | Add +2.1% |
| SPEM State Street SP PTF Em ETF | 0.20% | 47,501 | $2.2M | Add +40.7% |
| DON Wisdomtree US Midcap Dividen | 0.19% | 40,658 | $2.1M | Reduce -7.9% |
| DES Wisdomtree US Smallcap Divid | 0.16% | 54,132 | $1.8M | Reduce -6.5% |
| GOOGL Alphabet Inc. Class A | 0.16% | 7,379 | $1.8M | Add +21.8% |
| META Meta Platforms Inc. Class A | 0.15% | 2,375 | $1.7M | Add +64.6% |
| VDE Vanguard Energy ETF | 0.15% | 13,396 | $1.7M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 0.15% | 5,289 | $1.6M | Add +7.8% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.14% | 17,363 | $1.6M | Add +1.0% |
| RSP Invesco S&P 500 Equal Weight | 0.14% | 8,234 | $1.6M | Reduce -4.8% |
| MDYV SS SPDR S&P 400 MC Val ETF | 0.14% | 17,940 | $1.5M | Add +0.4% |
| KO The Coca-Cola Co. | 0.14% | 22,689 | $1.5M | Add +9.0% |
| ITA iShares U.S. Aerospace & Def | 0.13% | 6,870 | $1.4M | No change |
| ABBV Abbvie Inc. | 0.12% | 5,845 | $1.4M | Add +22.2% |
| VHT Vanguard Health Care ETF | 0.12% | 5,064 | $1.4M | Reduce -0.9% |
| AVGO Broadcom Inc. | 0.12% | 3,930 | $1.3M | Add +73.7% |
| JNJ Johnson & Johnson | 0.12% | 6,961 | $1.3M | Add +48.3% |
| TSLA Tesla Inc. | 0.11% | 2,940 | $1.3M | Add +62.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.11% | 3,688 | $1.2M | Add +43.6% |
| LLY Eli Lilly & Co. | 0.10% | 1,308 | $1.1M | Add +16.9% |
| MA Mastercard Inc. Class A | 0.10% | 1,840 | $1.1M | Add +11.1% |
| TFC Truist Financial Corp. | 0.09% | 21,934 | $998K | Add +1.1% |
| GOOG Alphabet Inc. Class C | 0.09% | 4,022 | $991K | Add +94.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 1,587 | $957K | Reduce -2.7% |
| SGOV iShares 0-3 Month Treasury B | 0.08% | 9,145 | $918K | Reduce -21.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 2,966 | $855K | Add +81.0% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.07% | 8,760 | $831K | Add +1.3% |
| NSC Norfolk Southern Corp. | 0.07% | 2,740 | $822K | Add +4.0% |
| CL Colgate-Palmolive Co. | 0.07% | 10,093 | $787K | Add +3.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.07% | 2,478 | $766K | Reduce -5.8% |
| XOM Exxon Mobil Corp. | 0.07% | 6,662 | $755K | Add +12.0% |
| OEF iShares S&P 100 ETF | 0.07% | 2,258 | $754K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.07% | 1,508 | $752K | Add +77.6% |
| AMAT Applied Materials Inc. | 0.06% | 3,275 | $712K | Add +4.6% |
| GE General Electric filed as GE AEROSPACE | 0.06% | 2,388 | $709K | Add +70.1% |
Other holdings (2): 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 | 98 | $2K | No change |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 1,833 | $114 | Reduce -2.5% |
Lines left out (1) · $14K — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| ACMR Acm Research Inc. Class A | COM CL A | 0 | $14K |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q2 2025 → Q3 2025
| MUB iShares National Muni Bond E | Reduce -17.9% | 1.91% | −0.60 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -11.9% | 2.17% | −0.48 |
| IVW iShares S&P 500 Growth ETF | Reduce -4.7% | 6.85% | −0.31 |
| VOO Vanguard S&P 500 ETF | Reduce -3.4% | 4.58% | −0.24 |
| IVE iShares S&P 500 Value ETF | Reduce -1.5% | 3.62% | −0.22 |
| EFA iShares MSCI Eafe ETF | Reduce -5.0% | 1.97% | −0.17 |
| VEA Vanguard Ftse Developed ETF | Reduce -3.0% | 2.53% | −0.15 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.0% | 2.18% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.5% | 2.56% | −0.14 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -1.7% | 1.61% | −0.11 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -1.9% | 1.22% | −0.11 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.3% | 1.75% | −0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -7.2% | 0.75% | −0.07 |
| PEY Invesco High Yield Equity Di | Reduce -4.9% | 0.40% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.5% | 1.09% | −0.06 |
| SDY SS SPDR S&P Dividend ETF | Reduce -3.8% | 0.45% | −0.06 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -1.8% | 0.83% | −0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.5% | 1.52% | −0.05 |
| MCD McDonald's Corp. | Reduce -7.6% | 0.26% | −0.04 |
| FDL First Trust Morn DVD Lead Inc. | Reduce -4.9% | 0.30% | −0.04 |
| SGOV iShares 0-3 Month Treasury B | Reduce -21.6% | 0.08% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -4.4% | 0.43% | −0.03 |
| DON Wisdomtree US Midcap Dividen | Reduce -7.9% | 0.19% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -3.5% | 0.32% | −0.03 |
| IXG iShares Global Financials Et | Reduce -0.4% | 0.53% | −0.03 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -30.9% | 0.05% | −0.03 |
| AIVL Wisdomtree US AI Enhanced Va | Reduce -1.4% | 0.27% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.4% | 0.39% | −0.03 |
| DES Wisdomtree US Smallcap Divid | Reduce -6.5% | 0.16% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -32.6% | 0.04% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -2.9% | 0.79% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.9% | 0.28% | −0.02 |
| VIS Vanguard Industrials ETF | Reduce -0.4% | 0.36% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.8% | 0.14% | −0.02 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -2.2% | 0.46% | −0.02 |
| D Dominion Energy Inc. | Reduce -1.0% | 0.38% | −0.01 |
| VCR Vanguard Consumer Discre ETF | Reduce -0.4% | 0.49% | −0.01 |
| COKE Coca-Cola Consolidated Inc. | Reduce -80.1% | 0.00% | −0.01 |
| VDE Vanguard Energy ETF | Reduce -0.2% | 0.15% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -4.8% | 0.23% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -53.4% | 0.01% | −0.01 |
| RS Reliance Inc. | Reduce -1.6% | 0.03% | −0.01 |
| SMH Vaneck Semiconductor ETF | Reduce -60.0% | 0.01% | −0.01 |
| EEM iShares MSCI Emerging Market | Reduce -2.7% | 0.70% | −0.01 |
| HON Honeywell International Inc. | Reduce -16.1% | 0.01% | −0.01 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -0.6% | 0.44% | −0.01 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.01 |
| MKL Markel Group Inc. | Reduce -5.1% | 0.04% | −0.01 |
| FTSM First Trust Enh Short Mat FD | Sold out | 0.00% | −0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -5.8% | 0.07% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +11.3% | 1.60% | +0.30 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +56.4% | 0.65% | +0.22 |
| XLK SS Technology Select Sector | Add +1.6% | 5.73% | +0.21 |
| NVDA Nvidia Corp. | Add +391.3% | 0.23% | +0.18 |
| JMST JPM Ultra-Short Muni Income | Add +13.1% | 5.27% | +0.17 |
| ORCL Oracle Corp. | Add +2.2% | 0.84% | +0.11 |
| IWM iShares Russell 2000 ETF | Add +4.5% | 1.60% | +0.09 |
| XLC SS Comm Select Sector SPDR | Add +25.4% | 0.33% | +0.06 |
| AVGO Broadcom Inc. | Add +73.7% | 0.12% | +0.06 |
| SPEM State Street SP PTF Em ETF | Add +40.7% | 0.20% | +0.06 |
| LRCX Lam Research Corp. | Add +2.1% | 0.21% | +0.06 |
| TSLA Tesla Inc. | Add +62.6% | 0.11% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +21.8% | 0.16% | +0.06 |
| AMZN Amazon.com Inc. | Add +36.3% | 0.28% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +94.4% | 0.09% | +0.05 |
| META Meta Platforms Inc. Class A | Add +64.6% | 0.15% | +0.05 |
| JNJ Johnson & Johnson | Add +48.3% | 0.12% | +0.05 |
| XLV SS Health Care Select Sector | Add +5.8% | 1.31% | +0.04 |
| ABBV Abbvie Inc. | Add +22.2% | 0.12% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +43.6% | 0.11% | +0.03 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +12.2% | 0.45% | +0.03 |
| IBM Intl Business Machines Corp. | Add +81.0% | 0.08% | +0.03 |
| GE General Electric | Add +70.1% | 0.06% | +0.03 |
| NEU Newmarket Corp. | Add +4.0% | 0.28% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +77.6% | 0.07% | +0.03 |
| DFAC Dimensional US Core Equity 2 | New | 0.03% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +182.9% | 0.04% | +0.02 |
| MSFT Microsoft Corp. | Add +5.0% | 2.87% | +0.02 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +233.6% | 0.03% | +0.02 |
| DFCF Dimensional Core Fixed Inc. | New | 0.02% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +3032.8% | 0.02% | +0.02 |
| JSCP JPMorgan Short Duration Core | New | 0.02% | +0.02 |
| AVDE Avantis International Equity | New | 0.02% | +0.02 |
| XLY SS Consumer Disc Select Sect | Add +2.5% | 1.69% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +16.3% | 0.05% | +0.01 |
| DVY iShares Select Dividend ETF | Add +287.0% | 0.02% | +0.01 |
| MO Altria Group Inc. | Add +1.0% | 0.60% | +0.01 |
| LLY Eli Lilly & Co. | Add +16.9% | 0.10% | +0.01 |
| DFAU Dimensional US Core Equity M | New | 0.01% | +0.01 |
| INTC Intel Corp. | Add +38.3% | 0.02% | +0.01 |
| CAT Caterpillar Inc. | Add +31.1% | 0.04% | +0.01 |
| GSIE Goldman Sachs Activebeta Int | New | 0.01% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +1400.0% | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +54.4% | 0.04% | +0.01 |
| AVUS Avantis U.S. Equity ETF | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | Add +77.0% | 0.02% | +0.01 |
| HD Home Depot Inc. | Add +34.5% | 0.05% | +0.01 |
| DGX Quest Diagnostics Inc. | Add +3905.6% | 0.01% | +0.01 |
| JCPB JPMorgan Core Plus Bond ETF | Add +3176.3% | 0.01% | +0.01 |
Notes & Other Activity Q2 2025 → Q3 2025
| ACMR Acm Research Inc. Class A | COM CL A | New | 0 | $14K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Reduce -2.5% | 1,833 | $114 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |