Scarborough Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 17, 2026), Scarborough Advisors, LLC reported 469 stock positions worth $566.8 million. Its top holding was Invesco Nasdaq 100 ETF (QQQM) at 10.2% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 7.7%) and Ishrs US E F R A ETF-Usd (DYNF, 7.6%). Compared with Q2 2025, it opened 27 new positions, sold out of 25, added to 128 and reduced 75. The biggest buy was a new position in Invesco S&P 500 Revenue ETF (RWL) and the biggest sale SS SPDR P S&P 500 Value ETF (SPYV, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- ANNAPOLIS, MD
- CIK
- 0001815355
- Portfolio Value
- $566.8M (Q3 2025)
- SEC Filing
- 0001815355-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 469 stocks · $566.8M
| QQQM Invesco Nasdaq 100 ETF | 10.17% | 233,307 | $57.7M | Add +10.1% |
| QUAL iShares MSCI USA Quality Fac | 7.68% | 223,795 | $43.5M | Reduce -11.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 7.58% | 725,765 | $43.0M | Add +3.2% |
| IEMG iShares Core MSCI Emerging | 6.52% | 560,844 | $37.0M | Add +17.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 5.42% | 392,531 | $30.8M | Add +13.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 5.33% | 545,944 | $30.2M | Reduce -50.7% |
| RWL Invesco S&P 500 Revenue ETF | 4.64% | 237,928 | $26.3M | New |
| FTCS First Trust Capital Strength | 4.11% | 248,729 | $23.3M | Add +3.2% |
| RECS Columbia Resear Enh Cor ETF | 3.76% | 527,571 | $21.3M | Reduce -7.1% |
| GOVI Invesco Equal Weight 0-30 YR | 3.31% | 676,862 | $18.8M | Add +111.5% |
| THRO iShares U.S. Thematic Rotati | 3.27% | 489,554 | $18.5M | Add +1.7% |
| BAI Ishrs AI in and Tech Act ETF | 2.94% | 488,258 | $16.7M | Add +127.1% |
| RDVY First Trust Rising Dividend | 2.31% | 194,612 | $13.1M | Reduce -2.5% |
| JAAA Janus Henderson Aaa Clo ETF | 2.30% | 257,193 | $13.1M | Add +11.1% |
| MTUM iShares MSCI USA Momentum Fa | 2.19% | 48,504 | $12.4M | Add +0.0% |
| GLD SPDR Gold Shares | 2.19% | 34,970 | $12.4M | Reduce -1.9% |
| IEFA iShares Core MSCI Eafe ETF | 2.00% | 130,000 | $11.4M | Add +16.2% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 1.61% | 334,578 | $9.1M | Add +195.7% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.61% | 171,583 | $9.1M | Reduce -36.1% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.54% | 324,675 | $8.7M | Add +5.9% |
| FALN iShares Fallen Angels ETF | 1.27% | 258,683 | $7.2M | Add +5.9% |
| JPST JPMorgan Ultra-Short Income | 1.15% | 128,944 | $6.5M | Reduce -34.0% |
| XLE SS Energy Select Sector | 1.14% | 72,541 | $6.5M | Reduce -4.5% |
| JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F | 1.09% | 97,553 | $6.2M | Add +16.8% |
| SHLD Global X Defense Tech ETF | 1.09% | 87,890 | $6.2M | New |
| BNDX Vanguard Total Intl Bond ETF | 0.76% | 87,414 | $4.3M | Reduce -1.4% |
| FLOT iShares Floating Rate Bond E | 0.75% | 82,764 | $4.2M | Reduce -2.9% |
| NVDA Nvidia Corp. | 0.72% | 21,766 | $4.1M | Add +0.7% |
| AAPL Apple Inc. | 0.68% | 15,212 | $3.9M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.61% | 10,990 | $3.5M | Add +507.2% |
| IAUM iShares Gold Trust Micro | 0.61% | 89,839 | $3.5M | Add +4.4% |
| IAGG iShares Intl Aggregate Bond | 0.58% | 64,646 | $3.3M | Add +6.6% |
| AMZN Amazon.com Inc. | 0.47% | 12,145 | $2.7M | Reduce -0.1% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.47% | 118,154 | $2.7M | No change |
| EUAD Select Stoxx Eur Aer DE ETF | 0.38% | 46,348 | $2.2M | Add +20.4% |
| SIVR Abrdn Physical Silver Shares | 0.38% | 47,979 | $2.1M | New |
| SLV iShares Silver Trust | 0.35% | 46,585 | $2.0M | Add +666.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 3,177 | $1.9M | Add +4.0% |
| MINT PIMCO Enhanced Short Maturit | 0.31% | 17,581 | $1.8M | Reduce -2.8% |
| FTSM First Trust Enh Short Mat FD | 0.28% | 26,286 | $1.6M | Add +0.1% |
| XCEM Columbia Em Core Ex-China | 0.25% | 39,517 | $1.4M | Add +0.2% |
| FLRT Pacer Aristotle Pacific Floa | 0.23% | 27,925 | $1.3M | Reduce -60.5% |
| RTX RTX Corp. | 0.22% | 7,527 | $1.3M | Add +0.1% |
| PULS Pgim Ultra Short Bond ETF | 0.21% | 23,493 | $1.2M | Reduce -2.3% |
| XMVTX BlackRock Munivest Fund II | 0.20% | 108,313 | $1.2M | No change |
| T AT&T Inc. | 0.18% | 35,510 | $1.0M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 0.17% | 3,879 | $943K | Add +0.0% |
| COWZ Pacer US Cash Cows 100 ETF | 0.16% | 15,700 | $902K | Reduce -20.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.16% | 13,324 | $900K | Reduce -31.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 1,527 | $768K | Add +6.2% |
| AVGO Broadcom Inc. | 0.12% | 2,141 | $706K | Add +0.2% |
| MYI BlackRock Muniyield QLTY III | 0.12% | 63,000 | $698K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.12% | 7,489 | $687K | Add +339.5% |
| COST Costco Wholesale Corp. | 0.12% | 736 | $682K | Add +0.4% |
| PLTR Palantir Technologies Inc. Class A | 0.12% | 3,611 | $659K | Add +33.9% |
| ICVT iShares Convertible Bond ETF | 0.11% | 6,200 | $620K | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.11% | 2,539 | $618K | Add +0.3% |
| TSLA Tesla Inc. | 0.11% | 1,378 | $613K | Reduce -5.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.11% | 13,062 | $610K | Reduce -2.3% |
| GM General Motors Co. | 0.10% | 9,211 | $562K | Add +0.2% |
| STIP iShares 0-5 Year Tips Bond E | 0.10% | 5,304 | $548K | Add +16.8% |
| SGOV iShares 0-3 Month Treasury B | 0.09% | 5,096 | $513K | Add +94.4% |
| AMGN Amgen Inc. | 0.09% | 1,731 | $488K | Add +0.1% |
| MHD BlackRock Muniholdings Fund | 0.08% | 37,909 | $445K | Add +8.3% |
| V Visa Inc. Class A | 0.08% | 1,284 | $438K | Add +4.1% |
| VGLT Vanguard Long-Term Treasury | 0.08% | 7,634 | $434K | Reduce -5.7% |
| JQUA JPMorgan US Quality Factor | 0.07% | 6,598 | $415K | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.07% | 1,721 | $398K | Add +0.8% |
| MDY State Street SPDR S&P Midcap | 0.06% | 600 | $357K | Reduce -0.5% |
| MPC Marathon Petroleum Corp. | 0.06% | 1,804 | $348K | Add +0.4% |
| BFK BlackRock Municipal Inc. TRST | 0.06% | 34,000 | $342K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.06% | 5,836 | $334K | Reduce -16.5% |
| GRID First TRST Nasd Class Edg Sgiif | 0.06% | 2,173 | $328K | Add +5200.0% |
| ONEV SS SPDR R1000 Lo Vol Foc ETF | 0.06% | 2,379 | $317K | Reduce -9.6% |
| META Meta Platforms Inc. Class A | 0.05% | 394 | $290K | No change |
| VLTO Veralto Corp. | 0.05% | 2,700 | $288K | No change |
| IQI Invesco Quality Muni Inc. TR | 0.05% | 29,000 | $286K | No change |
| IFRA iShares US Infrastructure | 0.05% | 5,165 | $273K | Reduce -19.0% |
| PTF Invesco Dorsey Wright Tech | 0.04% | 3,408 | $255K | Reduce -44.0% |
| ESGU iShares ESG Aware MSCI USA | 0.04% | 1,698 | $247K | Add +3.0% |
| XMMO Invesco S&P Midcap Momentum | 0.04% | 1,600 | $216K | Reduce -29.7% |
| COP Conocophillips | 0.04% | 2,260 | $214K | Add +0.6% |
| FTV Fortive Corp. | 0.04% | 4,347 | $213K | Add +952.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.04% | 1,947 | $203K | Add +17.9% |
| XOM Exxon Mobil Corp. | 0.04% | 1,793 | $202K | Reduce -3.1% |
| FTI Technipfmc PLC | 0.03% | 4,812 | $190K | No change |
| XAR SS SPDR S&P Aerospace Def | 0.03% | 765 | $180K | Reduce -0.7% |
| FIXD First Trust Smith Opportunis | 0.03% | 3,836 | $170K | Add +22.1% |
| DGRW Wisdomtree U.S. Quality Divi | 0.03% | 1,884 | $168K | Add +0.3% |
| BA The Boeing Co. | 0.03% | 775 | $167K | No change |
| SPGP Invesco S&P 500 Garp ETF | 0.03% | 1,414 | $161K | Add +0.1% |
| ABT Abbott Laboratories | 0.03% | 1,195 | $160K | Add +0.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.03% | 326 | $160K | Reduce -0.9% |
| BKH Black Hills Corp. | 0.03% | 2,543 | $157K | Add +1.1% |
| DUK Duke Energy Corp. | 0.03% | 1,257 | $156K | Add +332.0% |
| XLC SS Comm Select Sector SPDR | 0.03% | 1,280 | $151K | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.03% | 215 | $143K | Add +17.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.03% | 2,773 | $143K | Reduce -1.1% |
| BUFC AB Conservative Buffer ETF filed as AB ACTIVE ETFS INC | 0.02% | 3,240 | $132K | Add +70.1% |
| ORCL Oracle Corp. | 0.02% | 438 | $123K | Reduce -29.6% |
Portfolio Sells Q2 2025 → Q3 2025
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -50.7% | 5.33% | −6.16 |
| QUAL iShares MSCI USA Quality Fac | Reduce -11.1% | 7.68% | −1.45 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -36.1% | 1.61% | −1.20 |
| JPST JPMorgan Ultra-Short Income | Reduce -34.0% | 1.15% | −0.81 |
| GTO Invesco Total Return Bond Et | Sold out | 0.00% | −0.59 |
| AIQ Global X Art Intel & Tech | Reduce -97.9% | 0.01% | −0.57 |
| FLRT Pacer Aristotle Pacific Floa | Reduce -60.5% | 0.23% | −0.43 |
| RECS Columbia Resear Enh Cor ETF | Reduce -7.1% | 3.76% | −0.39 |
| IQLT iShares MSCI International Q | Reduce -94.5% | 0.01% | −0.20 |
| RDVY First Trust Rising Dividend | Reduce -2.5% | 2.31% | −0.18 |
| EELV Invesco S&P Emerging Markets | Reduce -88.3% | 0.02% | −0.16 |
| XLE SS Energy Select Sector | Reduce -4.5% | 1.14% | −0.13 |
| FLOT iShares Floating Rate Bond E | Reduce -2.9% | 0.75% | −0.12 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -1.4% | 0.76% | −0.11 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -94.4% | 0.01% | −0.10 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -31.8% | 0.16% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 0.47% | −0.06 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -20.4% | 0.16% | −0.06 |
| MINT PIMCO Enhanced Short Maturit | Reduce -2.8% | 0.31% | −0.05 |
| PTF Invesco Dorsey Wright Tech | Reduce -44.0% | 0.04% | −0.04 |
| PULS Pgim Ultra Short Bond ETF | Reduce -2.3% | 0.21% | −0.03 |
| VCLT Vanguard Long-Term Corp. Bond | Sold out | 0.00% | −0.02 |
| XMMO Invesco S&P Midcap Momentum | Reduce -29.7% | 0.04% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -16.5% | 0.06% | −0.02 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -2.3% | 0.11% | −0.01 |
| IFRA iShares US Infrastructure | Reduce -19.0% | 0.05% | −0.01 |
| VGLT Vanguard Long-Term Treasury | Reduce -5.7% | 0.08% | −0.01 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -59.3% | 0.01% | −0.01 |
| ONEV SS SPDR R1000 Lo Vol Foc ETF | Reduce -9.6% | 0.06% | −0.01 |
| FXB Invesco Currencyshares Briti | Sold out | 0.00% | −0.01 |
| DIREXION DLY S&P 500 BEAR 3X | Sold out | 0.00% | −0.01 |
| ESGD iShares Trust iShares ESG Aw | Reduce -51.9% | 0.01% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Reduce -61.9% | 0.00% | −0.01 |
| PTON Peloton Interactive Inc. Class A | Sold out | 0.00% | −0.01 |
| JQUA JPMorgan US Quality Factor | Reduce -0.7% | 0.07% | −0.01 |
| WM Waste Management Inc. | Reduce -32.5% | 0.01% | −0.01 |
| DEED First Trust Securitized Plus | Sold out | 0.00% | −0.01 |
| ORCL Oracle Corp. | Reduce -29.6% | 0.02% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.9% | 0.03% | −0.01 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -21.9% | 0.01% | −0.00 |
| MDY State Street SPDR S&P Midcap | Reduce -0.5% | 0.06% | −0.00 |
| MIY BlackRock Muniyield Mi QLTY | Sold out | 0.00% | −0.00 |
| GSY Invesco Ultra Short Duration | Reduce -70.6% | 0.00% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -11.2% | 0.02% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 0.04% | −0.00 |
| FEX First Trust Large Cap Core A | Reduce -47.7% | 0.00% | −0.00 |
| RCS PIMCO Strategic Income Fund | Reduce -34.8% | 0.00% | −0.00 |
| LNT Alliant Energy Corp. | Reduce -47.4% | 0.00% | −0.00 |
| WELL Welltower Inc. | Reduce -34.5% | 0.01% | −0.00 |
| ADBE Adobe Inc. | Reduce -26.3% | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| RWL Invesco S&P 500 Revenue ETF | New | 4.64% | +4.64 |
| BAI Ishrs AI in and Tech Act ETF | Add +127.1% | 2.94% | +1.71 |
| GOVI Invesco Equal Weight 0-30 YR | Add +111.5% | 3.31% | +1.57 |
| SHLD Global X Defense Tech ETF | New | 1.09% | +1.09 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Add +195.7% | 1.61% | +1.03 |
| IEMG iShares Core MSCI Emerging | Add +17.0% | 6.52% | +0.81 |
| QQQM Invesco Nasdaq 100 ETF | Add +10.1% | 10.17% | +0.63 |
| JPM JPMorgan Chase & Co. | Add +507.2% | 0.61% | +0.51 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +13.5% | 5.42% | +0.44 |
| SIVR Abrdn Physical Silver Shares | New | 0.38% | +0.38 |
| SLV iShares Silver Trust | Add +666.5% | 0.35% | +0.31 |
| IEFA iShares Core MSCI Eafe ETF | Add +16.2% | 2.00% | +0.15 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | Add +16.8% | 1.09% | +0.11 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +339.5% | 0.12% | +0.09 |
| GRID First TRST Nasd Class Edg Sgiif | Add +5200.0% | 0.06% | +0.06 |
| EUAD Select Stoxx Eur Aer DE ETF | Add +20.4% | 0.38% | +0.05 |
| IAUM iShares Gold Trust Micro | Add +4.4% | 0.61% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +33.9% | 0.12% | +0.04 |
| NVDA Nvidia Corp. | Add +0.7% | 0.72% | +0.04 |
| SGOV iShares 0-3 Month Treasury B | Add +94.4% | 0.09% | +0.04 |
| FTV Fortive Corp. | Add +952.5% | 0.04% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 0.17% | +0.03 |
| DUK Duke Energy Corp. | Add +332.0% | 0.03% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +0.3% | 0.11% | +0.02 |
| SHOP Shopify Inc. Class A | Add +1600.0% | 0.01% | +0.01 |
| GM General Motors Co. | Add +0.2% | 0.10% | +0.01 |
| SEIX Virtus Seix Senior Loan ETF | New | 0.01% | +0.01 |
| BUFC AB Conservative Buffer ETF | Add +70.1% | 0.02% | +0.01 |
| AVGO Broadcom Inc. | Add +0.2% | 0.12% | +0.01 |
| ABBV Abbvie Inc. | Add +0.8% | 0.07% | +0.01 |
| FXF Invesco Currencyshares Swiss | New | 0.01% | +0.01 |
| EVUS iShares ESG Aw MSCI US Value | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | Add +102.0% | 0.01% | +0.01 |
| MUE BlackRock Munihold QLT FD II | Add +320.3% | 0.01% | +0.01 |
| RGTI Rigetti Computing Inc. | Add +4.3% | 0.01% | +0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +17.9% | 0.04% | +0.00 |
| IDMO Invesco S&P International DE | New | 0.00% | +0.00 |
| RTX RTX Corp. | Add +0.1% | 0.22% | +0.00 |
| FGDL Franklin Resp Sourced Gold | New | 0.00% | +0.00 |
| STIP iShares 0-5 Year Tips Bond E | Add +16.8% | 0.10% | +0.00 |
| PL Planet Labs PBC | Add +14645.5% | 0.00% | +0.00 |
| AVUV Avantis US Small Cap Value | Add +32.3% | 0.02% | +0.00 |
| FXE Invesco Currencyshares Euro | New | 0.00% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +17.5% | 0.03% | +0.00 |
| FIXD First Trust Smith Opportunis | Add +22.1% | 0.03% | +0.00 |
| PLUG Plug Power Inc. | New | 0.00% | +0.00 |
| PTC PTC Inc. | New | 0.00% | +0.00 |
| AA Alcoa Corp. | Add +300.8% | 0.00% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.0% | 0.34% | +0.00 |
| MPC Marathon Petroleum Corp. | Add +0.4% | 0.06% | +0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| GOVT iShares US Treasury Bond ETF | US TREAS BD ETF | Sold out | 0 | $1before exit |
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 | 147 | $870.9M | QQQM, SCHX, RECS, VOO, SPYM |
| Q1 2026 | 758 | $913.6M | SCHX, QQQM, DYNF, IGIB, RWL |
| Q4 2025 | 463 | $592.4M | QQQM, DYNF, IEMG, SPYV, QUAL |
| Q3 2025 | 469 | $566.8M | QQQM, QUAL, DYNF, IEMG, SPYM |
| Q2 2025 | 467 | $504.2M | SPYV, QQQM, QUAL, DYNF, IEMG |
| Q1 2025 | 118 | $702.1M | SCHX, QUAL, SPYV, QQQM, IGIB |
| Q4 2024 | 110 | $707.6M | SCHX, QUAL, QQQM, SPYV, DYNF |
| Q3 2024 | 89 | $618.7M | SCHX, QUAL, DYNF, IGIB, TLT |
| Q2 2024 | 454 | $243.2M | QUAL, DYNF, FTCS, EMXC, IQLT |
| Q1 2024 | 417 | $216.0M | DYNF, FTCS, QUAL, EMXC, ONEV |