Sfmg, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Sfmg, LLC reported 266 stock positions worth $1.3 billion. Its top holding was Atmos Energy (ATO) at 11.6% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 11.6%) and Invesco S&P 500 Quality ETF (SPHQ, 8.7%). Compared with Q3 2024, it opened 16 new positions, sold out of 16, added to 79 and reduced 108. The biggest buy was a new position in iShares 20+ Year Treasury BD (TLT) and the biggest sale Schwab Long-Term US Treasury (SCHQ, shares −57%).

Most Recent 13F
Q2 2026
Location
PLANO, TX
CIK
0001512026
Portfolio Value
$1.3B (Q4 2024)
SEC Filing
0001512026-25-000002 ↗ filed Feb 11, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.3B $1.3B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 266 stocks · $1.3B
ATO Atmos Energy Corp. 11.63% 1,059,206 $147.5M Add +0.7%
IVV iShares Core S&P 500 ETF 11.60% 249,891 $147.1M Add +1.0%
SPHQ Invesco S&P 500 Quality ETF 8.70% 1,645,373 $110.3M Add +0.4%
GSLC Goldman Activebeta US LC ETF 7.36% 810,750 $93.4M Add +0.3%
QUS SS SPDR MSCI U Stratfact ETF 6.28% 514,603 $79.7M Add +1.2%
AAPL Apple Inc. 4.41% 223,224 $55.9M Add +0.4%
MOAT Vaneck Morningstar Wide Moat 4.27% 583,516 $54.1M Reduce -0.0%
COWZ Pacer US Cash Cows 100 ETF 3.79% 851,430 $48.1M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 3.61% 101,114 $45.8M Reduce -1.1%
MSFT Microsoft Corp. 2.24% 67,312 $28.4M Reduce -1.0%
AMZN Amazon.com Inc. 1.68% 96,820 $21.2M Add +1.4%
NVDA Nvidia Corp. 1.54% 145,461 $19.5M Reduce -0.2%
GOOG Alphabet Inc. Class C 1.12% 74,592 $14.2M Add +6.7%
JEPI JPMorgan Equity Premium Inco 1.03% 226,778 $13.0M Add +2.7%
SPY SS SPDR S&P 500 ETF Trust-US 1.01% 21,901 $12.8M Reduce -2.6%
TLT iShares 20+ Year Treasury BD 0.84% 121,937 $10.6M New
WMT Walmart Inc. 0.82% 114,700 $10.4M Reduce -2.5%
ARCC Ares Capital Corp. 0.77% 444,118 $9.7M Add +1.1%
SCHQ Schwab Long-Term US Treasury 0.68% 274,564 $8.6M Reduce -56.8%
AMAT Applied Materials Inc. 0.67% 52,443 $8.5M Reduce -4.6%
RTX RTX Corp. 0.67% 73,541 $8.5M Reduce -0.6%
SCHX Schwab US Large-Cap ETF 0.66% 363,311 $8.4M Add +26.8%
SHV iShares 0-1 Year Treasury Bo 0.61% 69,745 $7.7M New
CRM Salesforce Inc. 0.61% 22,965 $7.7M Reduce -1.6%
BXSL Blackstone Secured Lending F 0.56% 218,387 $7.1M New
V Visa Inc. Class A 0.54% 21,624 $6.8M Reduce -0.6%
AMD Advanced Micro Devices 0.52% 54,642 $6.6M Add +3.5%
COP Conocophillips 0.51% 64,925 $6.4M Reduce -1.7%
META Meta Platforms Inc. Class A 0.50% 10,861 $6.4M Reduce -1.4%
HON Honeywell International Inc. 0.50% 27,795 $6.3M Reduce -2.1%
PANW Palo Alto Networks Inc. 0.48% 33,561 $6.1M Reduce -0.3%
FDIF Fidelity Disruptors ETF 0.48% 192,555 $6.1M Add +1.8%
CBRE CBRE Group Inc. Class A 0.48% 46,119 $6.1M Reduce -1.9%
IGV iShares Expanded Tech-Softwa 0.46% 58,041 $5.8M Reduce -6.9%
CSX CSX Corp. 0.45% 175,540 $5.7M Reduce -0.2%
QQQ Invesco QQQ Trust Series 1 0.43% 10,779 $5.5M Reduce -3.8%
CSCO Cisco Systems Inc. 0.42% 89,539 $5.3M Reduce -2.2%
BLK BlackRock Inc. 0.40% 4,987 $5.1M Reduce -1.2%
ADBE Adobe Inc. 0.39% 11,250 $5.0M Add +1432.7%
KMI Kinder Morgan Inc. 0.36% 167,794 $4.6M Reduce -0.7%
TSLA Tesla Inc. 0.36% 11,263 $4.5M Add +0.1%
QTEC First Trust Nasdq 100 Tech I 0.33% 22,438 $4.2M Reduce -2.5%
LULU Lululemon Athletica Inc. 0.33% 10,988 $4.2M Reduce -0.1%
GOOGL Alphabet Inc. Class A 0.32% 21,601 $4.1M Add +12.4%
VZ Verizon Communications Inc. 0.30% 96,528 $3.9M Reduce -1.3%
MDT Medtronic PLC 0.29% 46,745 $3.7M Reduce -0.8%
JPM JPMorgan Chase & Co. 0.29% 15,171 $3.6M Reduce -1.8%
AVGO Broadcom Inc. 0.29% 15,629 $3.6M Reduce -0.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.28% 91,646 $3.5M Add +3.7%
GLD SPDR Gold Shares 0.26% 13,746 $3.3M Reduce -4.6%
TMO Thermo Fisher Scientific Inc. 0.25% 6,087 $3.2M Reduce -1.2%
COST Costco Wholesale Corp. 0.24% 3,372 $3.1M Reduce -1.1%
VRTX Vertex Pharmaceuticals Inc. 0.24% 7,649 $3.1M Reduce -1.2%
FBTC Fidelity Wise Origin Bitcoin 0.24% 37,362 $3.0M Reduce -0.6%
VOO Vanguard S&P 500 ETF 0.24% 5,636 $3.0M Add +1.0%
PLTR Palantir Technologies Inc. Class A 0.23% 38,521 $2.9M Reduce -24.9%
VTI VG Morningstar TS MKT ETF-US 0.23% 9,969 $2.9M Add +311.3%
MSDL Morgan Stanley Direct Lendin 0.23% 138,620 $2.9M New
CIBR First Trust Nasdaq Cybersecu 0.22% 44,621 $2.8M Reduce -11.6%
BIL SS SPDR BB 1-3M T-Bill ETF 0.22% 30,933 $2.8M New
SPTM SS SPDR P S&P 1500 Comp ETF 0.21% 37,209 $2.7M Reduce -1.1%
BALT Inn Defined Wealth Shield 0.20% 82,301 $2.6M Add +26.1%
IEI iShares 3-7 Year Treasury Bo 0.20% 21,714 $2.5M Reduce -11.0%
XLV SS Health Care Select Sector 0.19% 17,801 $2.4M Reduce -2.7%
HLT Hilton Worldwide Holdings Inc. 0.18% 9,264 $2.3M Add +0.2%
LLY Eli Lilly & Co. 0.18% 2,945 $2.3M Reduce -1.5%
XOM Exxon Mobil Corp. 0.18% 20,938 $2.3M Add +11.0%
DOC Healthpeak Properties Inc. 0.16% 103,179 $2.1M Add +5.1%
DVN Devon Energy Corp. 0.16% 62,186 $2.0M Reduce -4.1%
JNJ Johnson & Johnson 0.15% 13,466 $1.9M Reduce -1.2%
BX Blackstone Inc. 0.15% 10,901 $1.9M Reduce -4.4%
XDSQ Innovator US Eqy Accl-Quart 0.15% 51,074 $1.9M Reduce -0.7%
PAPR Innovator U.S. Equity Power 0.15% 50,575 $1.9M No change
TXN Texas Instruments Inc. 0.14% 9,344 $1.8M Reduce -20.9%
HD Home Depot Inc. 0.14% 4,495 $1.7M Reduce -10.7%
NFLX Netflix Inc. 0.14% 1,923 $1.7M Reduce -3.7%
HGV Hilton Grand Vacations Inc. 0.13% 43,405 $1.7M No change
FIW First Trust Water ETF 0.13% 16,124 $1.6M Reduce -4.2%
BND Vanguard Total Bond Market 0.13% 22,873 $1.6M Add +284.0%
ETN Eaton Corp. PLC 0.13% 4,877 $1.6M Reduce -3.4%
BMY Bristol-Myers Squibb Co. 0.12% 27,636 $1.6M Add +0.3%
PEP Pepsico Inc. 0.12% 10,069 $1.5M Reduce -17.8%
MCK McKesson Corp. 0.12% 2,657 $1.5M Add +22.9%
GRNT Granite Ridge Resources Inc. 0.12% 234,243 $1.5M Add +22.4%
J Jacobs Solutions Inc. 0.12% 10,990 $1.5M No change
CVX Chevron Corp. 0.11% 9,784 $1.4M Add +2.9%
PG The Procter & Gamble Co. 0.11% 8,389 $1.4M Reduce -0.0%
PAGP Plains GP Holdings LP 0.11% 75,489 $1.4M No change
MCD McDonald's Corp. 0.11% 4,778 $1.4M Reduce -1.7%
LOW Lowe's Cos Inc. 0.10% 5,387 $1.3M Add +8.7%
ABBV Abbvie Inc. 0.10% 7,055 $1.3M Reduce -0.1%
DRI Darden Restaurants Inc. 0.10% 6,673 $1.2M Reduce -0.3%
APO Apollo Global Management Inc. 0.09% 7,237 $1.2M Add +0.2%
KMB Kimberly-Clark Corp. 0.09% 9,047 $1.2M No change
DIVO Amplify CWP Enhan Divid ETF 0.09% 27,962 $1.1M Add +6.2%
CI The Cigna Group 0.08% 3,855 $1.1M Reduce -0.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.08% 8,683 $1.0M Reduce -1.3%
LUV Southwest Airlines Co. 0.08% 31,014 $1.0M Reduce -13.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 4,653 $1.0M Reduce -0.0%
PAYX Paychex Inc. 0.08% 7,132 $1.0M No change
UNH Unitedhealth Group Inc. 0.07% 1,871 $946K Add +21.7%
ITOT iShares Core S&P Total U.S. 0.07% 7,277 $936K Add +0.2%
TT Trane Technologies PLC 0.07% 2,452 $906K Add +0.5%
ACWI iShares MSCI Acwi ETF 0.07% 7,592 $892K No change
ADP Automatic Data Processing 0.07% 3,041 $890K No change
STEL Stellar Bancorp Inc. 0.07% 30,711 $871K No change
WMB Williams Cos Inc. 0.07% 16,044 $868K No change
SMH Vaneck Semiconductor ETF 0.07% 3,520 $852K Reduce -15.0%
DLR Digital Realty Trust Inc. 0.07% 4,769 $846K Add +13.3%
MRSH Marsh & McLennan Cos 0.07% 3,969 $843K Add +0.1%
MRK Merck & Co. Inc. 0.07% 8,337 $829K Reduce -3.6%
SPHD Invesco S&P 500 High Dividen 0.06% 17,011 $822K No change
KO The Coca-Cola Co. 0.06% 12,534 $780K Add +30.8%
ACN Accenture PLC Class A 0.06% 2,194 $772K Reduce -1.2%
SSB Southstate Bank Corp. 0.06% 7,700 $766K No change
STZ Constellation Brands Inc. Class A 0.06% 3,348 $740K Add +0.1%
ET Energy Transfer LP 0.06% 37,226 $729K Add +20.8%
KLAC KLA Corp. 0.06% 1,138 $717K Add +0.7%
OKE Oneok Inc. 0.06% 7,069 $710K Add +0.2%
BRK.A Berkshire Hathaway Inc. Class A 0.05% 1 $681K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.05% 1,653 $678K Reduce -2.1%
LMT Lockheed Martin Corp. 0.05% 1,363 $662K Add +56.1%
ITA iShares U.S. Aerospace & Def 0.05% 4,514 $656K Add +11.9%
DFUS Dimensional US Eq MKT ETF 0.05% 10,291 $656K Reduce -1.0%
FNDB Schwab Fndmntl US BRD Mr ETF 0.05% 27,996 $651K No change
EPD Enterprise Products Partners 0.05% 20,746 $651K Add +31.8%
PM Philip Morris International 0.05% 5,263 $633K No change
HACK Amplify Cybersecurity ETF 0.05% 8,381 $624K No change
AMLP Alerian MLP ETF 0.05% 12,737 $613K Add +8.4%
BLDR Builders Firstsource Inc. 0.05% 4,186 $598K Reduce -14.3%
IAK iShares U.S. Insurance ETF 0.05% 4,705 $595K No change
AMGN Amgen Inc. 0.05% 2,262 $589K Reduce -1.6%
IWF iShares Russell 1000 Growth 0.05% 1,429 $574K No change
DE Deere & Co. 0.04% 1,328 $563K Add +0.4%
TRGP Targa Resources Corp. 0.04% 3,131 $559K No change
LNG Cheniere Energy Inc. 0.04% 2,567 $552K No change
MSI Motorola Solutions Inc. 0.04% 1,169 $540K Reduce -0.2%
DHR Danaher Corp. 0.04% 2,334 $536K Add +0.1%
PLBY Playboy Inc. filed as PLBY GROUP INC 0.04% 367,000 $536K Reduce -26.6%
XRLV Invesco S&P 500 Ex-Rate Sens 0.04% 10,043 $532K No change
CAT Caterpillar Inc. 0.04% 1,461 $530K Add +0.2%
MLM Martin Marietta Materials 0.04% 1,024 $529K No change
UNP Union Pacific Corp. 0.04% 2,314 $528K Reduce -0.5%
FTEC Fidelity MSCI Info Tech Indx 0.04% 2,826 $522K Add +17.9%
ABT Abbott Laboratories 0.04% 4,586 $519K Reduce -0.8%
USMV iShares MSCI USA Min Vol Fac 0.04% 5,838 $518K No change
XEL Xcel Energy Inc. 0.04% 7,675 $518K No change
SCHW Schwab (charles) Corp. 0.04% 6,979 $517K Reduce -88.1%
SO The Southern Co. 0.04% 6,153 $507K No change
T AT&T Inc. 0.04% 22,141 $504K Add +8.5%
BA The Boeing Co. 0.04% 2,836 $502K Reduce -1.6%
IWR iShares Russell Mid-Cap ETF 0.04% 5,637 $498K No change
DKS Dick's Sporting Goods Inc. 0.04% 2,175 $498K No change
CRK Comstock Resources Inc. 0.04% 26,785 $488K Add +33.9%
ADI Analog Devices Inc. 0.04% 2,241 $476K Reduce -0.5%
ORCL Oracle Corp. 0.04% 2,838 $473K Reduce -20.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 10,501 $462K Add +1.3%
IVW iShares S&P 500 Growth ETF 0.04% 4,491 $456K Reduce -0.7%
GBTC Grayscale Bitcoin Trust ETF 0.04% 6,063 $449K No change
MO Altria Group Inc. 0.04% 8,489 $444K Add +0.4%
VGT Vanguard Info Tech ETF 0.03% 710 $441K Add +1.4%
MSCI MSCI Inc. 0.03% 734 $440K No change
CLX Clorox Company 0.03% 2,704 $439K Reduce -1.0%
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 0.03% 7,701 $433K Reduce -36.4%
RSP Invesco S&P 500 Equal Weight 0.03% 2,454 $430K Add +0.0%
PNOV Innovator U.S. Equity Power 0.03% 11,326 $429K New
CME Cme Group Inc. 0.03% 1,830 $425K Reduce -0.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,502 $424K Add +1.1%
RSPG Invesco S&P 500 Equal Weight 0.03% 5,481 $419K No change
TPL Texas Pacific Land Corp. 0.03% 378 $418K No change
WELL Welltower Inc. 0.03% 3,299 $416K Reduce -0.1%
VIG Vanguard Dividend Apprec ETF 0.03% 2,123 $416K Add +5.4%
STX Seagate Technology Holdings 0.03% 4,694 $405K Add +0.1%
IRT Independence Realty Trust Inc. 0.03% 20,376 $404K Add +0.4%
VTWO Vanguard Russell 2000 ETF 0.03% 4,265 $381K No change
LH Labcorp Holdings Inc. 0.03% 1,649 $378K Reduce -2.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 3,389 $377K Reduce -20.1%
IP International Paper Co. 0.03% 7,003 $377K No change
AXP American Express Co. 0.03% 1,222 $363K New
ASML ASML Holding NV-NY Reg SHS 0.03% 511 $354K Add +3.0%
CB Chubb Ltd. 0.03% 1,273 $352K Reduce -24.3%
VGSH Vanguard Short-Term Treasury 0.03% 5,987 $348K Reduce -6.7%
WST West Pharmaceutical Services 0.03% 1,041 $341K Reduce -0.5%
GE General Electric filed as GE AEROSPACE 0.03% 2,040 $340K Add +0.1%
SCHA Schwab US Small-Cap ETF 0.03% 13,154 $340K Add +0.6%
IOO iShares Global 100 ETF 0.03% 3,349 $338K Add +3.5%
UBER Uber Technologies Inc. 0.03% 5,586 $337K Reduce -9.6%
NOC Northrop Grumman Corp. 0.03% 713 $335K Add +0.3%
BLOK Amplify Blockchain Tech ETF 0.03% 7,736 $334K Reduce -20.8%
CMI Cummins Inc. 0.03% 938 $327K New
MTDR Matador Resources Co. 0.03% 5,794 $326K Reduce -0.1%
KOS Kosmos Energy Ltd. 0.03% 93,480 $320K No change
IEFA iShares Core MSCI Eafe ETF 0.02% 4,494 $316K Add +8.5%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.02% 6,979 $315K Reduce -1.5%
EOG EOG Resources Inc. 0.02% 2,539 $311K Reduce -3.0%
PFF iShares Preferred & Income S 0.02% 9,779 $307K Add +1.2%
PFE Pfizer Inc. 0.02% 11,506 $305K Add +20.6%
FSK FS KKR Capital Corp. 0.02% 13,899 $302K Reduce -89.1%
ITW Illinois Tool Works 0.02% 1,176 $298K Reduce -4.5%
HDV iShares Core High Dividend E 0.02% 2,648 $297K Add +0.9%
HLI Houlihan Lokey Inc. 0.02% 1,712 $297K Add +0.2%
GIS General Mills Inc. 0.02% 4,608 $294K Reduce -0.7%
D Dominion Energy Inc. 0.02% 5,348 $288K Reduce -1.1%
CMCSA Comcast Corp. Class A 0.02% 7,649 $287K Reduce -0.2%
FISV Fiserv Inc. 0.02% 1,375 $282K Reduce -0.1%
ORI Old Republic Intl Corp. 0.02% 7,793 $282K No change
NOW ServiceNow Inc. 0.02% 265 $281K Add +5.2%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.02% 1,300 $276K No change
DKNG Draftkings Inc. Class A 0.02% 7,392 $275K Reduce -0.4%
ENB Enbridge Inc. 0.02% 6,448 $274K Reduce -12.2%
VLO Valero Energy Corp. 0.02% 2,231 $273K Reduce -13.9%
ISRA Vaneck Israel ETF 0.02% 6,271 $273K Add +0.1%
SPGI S&P Global Inc. 0.02% 545 $271K Add +4.4%
SFM Sprouts Farmers Market Inc. 0.02% 2,120 $269K No change
IJR iShares Core S&P Small-Cap E 0.02% 2,324 $268K Add +0.0%
UPS United Parcel Service Class B 0.02% 2,122 $268K Add +29.8%
EWTX Edgewise Therapeutics Inc. 0.02% 10,000 $267K No change
PYPL PayPal Holdings Inc. 0.02% 3,028 $258K Add +0.9%
QCOM Qualcomm Inc. 0.02% 1,664 $256K Reduce -6.5%
NLR Vaneck Urani & Nuclr ETF-Usd 0.02% 3,123 $254K New
APD Air Products & Chemicals Inc. 0.02% 865 $251K Reduce -0.5%
SGOL Abrdn Physical Gold Shares 0.02% 10,000 $251K No change
MPC Marathon Petroleum Corp. 0.02% 1,788 $249K Reduce -39.5%
HCA HCA Healthcare Inc. 0.02% 824 $247K No change
ICE Intercontinental Exchange Inc. 0.02% 1,657 $247K Reduce -29.1%
BFAM Bright Horizons Family Solut 0.02% 2,226 $247K No change
WDC Western Digital Corp. 0.02% 4,081 $243K No change
ABR Arbor Realty Trust Inc. 0.02% 17,509 $243K No change
ORLY O'reilly Automotive Inc. 0.02% 204 $242K No change
CTRA Coterra Energy Inc. 0.02% 9,474 $242K No change
TRV The Travelers Cos Inc. 0.02% 986 $238K No change
MPLX MPLX LP 0.02% 4,952 $237K No change
AMTM Amentum Holdings Inc. 0.02% 10,984 $231K Reduce -0.1%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 672 $230K Reduce -15.8%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.02% 1,303 $228K No change
SMMD iShares Russell 2500 ETF 0.02% 3,305 $225K Add +6.0%
CMG Chipotle Mexican Grill Inc. 0.02% 3,718 $224K New
ULTA Ulta Beauty Inc. 0.02% 508 $221K New
JCI Johnson Controls Internation 0.02% 2,788 $220K Add +3.1%
NDAQ Nasdaq Inc. 0.02% 2,841 $220K No change
MS Morgan Stanley 0.02% 1,711 $215K New
FANG Diamondback Energy Inc. 0.02% 1,310 $215K Reduce -3.0%
GLW Corning Inc. 0.02% 4,515 $215K Reduce -0.8%
JETS US Global Jets ETF 0.02% 8,463 $215K New
DUK Duke Energy Corp. 0.02% 1,965 $212K Reduce -1.3%
ISTB iShares Core 1-5 Year Usd Bo 0.02% 4,397 $210K Reduce -0.1%
TM Toyota Motor Corp. -Spon ADR 0.02% 1,056 $206K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 193 $203K Reduce -9.8%
AEP American Electric Power 0.02% 2,184 $201K Add +1.6%
SOUN Soundhound AI Inc. Class A 0.02% 10,000 $198K New
HBAN Huntington Bancshares Inc. 0.01% 11,007 $179K Reduce -1.2%
DHT DHT Holdings Inc. 0.01% 19,015 $177K No change
NZF Nuveen Municipal Credit Inc. 0.01% 12,680 $154K No change
XMUIX BlackRock Municipal Income 0.01% 12,732 $154K No change
MYI BlackRock Muniyield QLTY III 0.01% 13,526 $149K No change
NAD Nuveen Quality Municipal Inc. 0.01% 12,709 $148K No change
XMYDX BlackRock Muniyield Fund 0.01% 14,213 $148K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.01% 13,049 $147K No change
XMVFX BlackRock Munivest Fund 0.01% 20,753 $146K No change
MUE BlackRock Munihold QLT FD II 0.01% 14,312 $143K No change
MHD BlackRock Muniholdings Fund 0.01% 12,093 $141K No change
RIG Transocean Ltd. 0.01% 30,000 $113K New
VLY Valley National Bancorp 0.01% 10,156 $92K No change
TLRY Tilray Brands Inc. 0.00% 33,854 $45K No change
CRON Cronos Group Inc. 0.00% 17,622 $36K No change
GRWG Growgeneration Corp. 0.00% 10,349 $17K No change
Other holdings (7): bonds, preferreds, convertibles and warrants · $325K (not counted above)
SecurityClassShares / PrincipalValueChange
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 10,356$85KNo change
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 35,000$71KNo change
PARSONS CORP (PSN 0.25 08/15/25) NOTE 0.250% 8/1 · principal 28,000$58KNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) NOTE 2.250% 6/1 · principal 35,000$34KNo change
INSIGHT ENTERPRS (NSIT 0.75 02/15/25) NOTE 0.750% 2/1 · principal 14,000$31KNo change
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) NOTE 0.750% 8/0 · principal 24,000$23KNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 23,000$23KNo change

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q3 2024 → Q4 2024
SCHQ Schwab Long-Term US Treasury Reduce -56.8% 0.68% −1.12
MOAT Vaneck Morningstar Wide Moat Reduce -0.0% 4.27% −0.32
STLA Stellantis NV Sold out 0.00% −0.27
SCHW Schwab (charles) Corp. Reduce -88.1% 0.04% −0.27
AMAT Applied Materials Inc. Reduce -4.6% 0.67% −0.23
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.1% 3.61% −0.20
FSK FS KKR Capital Corp. Reduce -89.1% 0.02% −0.18
MSFT Microsoft Corp. Reduce -1.0% 2.24% −0.13
TXN Texas Instruments Inc. Reduce -20.9% 0.14% −0.06
TMO Thermo Fisher Scientific Inc. Reduce -1.2% 0.25% −0.06
COP Conocophillips Reduce -1.7% 0.51% −0.06
RTX RTX Corp. Reduce -0.6% 0.67% −0.06
VZ Verizon Communications Inc. Reduce -1.3% 0.30% −0.05
MDT Medtronic PLC Reduce -0.8% 0.29% −0.05
VRTX Vertex Pharmaceuticals Inc. Reduce -1.2% 0.24% −0.05
PEP Pepsico Inc. Reduce -17.8% 0.12% −0.05
CSX CSX Corp. Reduce -0.2% 0.45% −0.05
DVN Devon Energy Corp. Reduce -4.1% 0.16% −0.05
IEI iShares 3-7 Year Treasury Bo Reduce -11.0% 0.20% −0.04
LLY Eli Lilly & Co. Reduce -1.5% 0.18% −0.04
XLV SS Health Care Select Sector Reduce -2.7% 0.19% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.6% 1.01% −0.03
SCTXX Schwab Amt Tax FR MNY-Ultra Sold out 0.00% −0.03
BLDR Builders Firstsource Inc. Reduce -14.3% 0.05% −0.03
HD Home Depot Inc. Reduce -10.7% 0.14% −0.03
JNJ Johnson & Johnson Reduce -1.2% 0.15% −0.03
CI The Cigna Group Reduce -0.2% 0.08% −0.02
QTEC First Trust Nasdq 100 Tech I Reduce -2.5% 0.33% −0.02
ROBO Robo Global Robotics and Aut Reduce -36.4% 0.03% −0.02
GLD SPDR Gold Shares Reduce -4.6% 0.26% −0.02
FIW First Trust Water ETF Reduce -4.2% 0.13% −0.02
MPC Marathon Petroleum Corp. Reduce -39.5% 0.02% −0.02
CIBR First Trust Nasdaq Cybersecu Reduce -11.6% 0.22% −0.02
DIA SS SPDR Dow Jones Indus Avg Sold out 0.00% −0.02
APG Api Group Corp. Sold out 0.00% −0.02
DELL Dell Technologies -C Sold out 0.00% −0.02
NEE Nextera Energy Inc. Sold out 0.00% −0.02
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.02
ZTS Zoetis Inc. Sold out 0.00% −0.02
SHEL Shell PLC-ADR Sold out 0.00% −0.02
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.02
HPQ HP Inc. Sold out 0.00% −0.02
ED Consolidated Edison Inc. Sold out 0.00% −0.02
CP Canadian Pacific Kansas City Sold out 0.00% −0.02
PSX Phillips 66 Sold out 0.00% −0.02
SMH Vaneck Semiconductor ETF Reduce -15.0% 0.07% −0.02
ABBV Abbvie Inc. Reduce -0.1% 0.10% −0.01
MRK Merck & Co. Inc. Reduce -3.6% 0.07% −0.01
AMGN Amgen Inc. Reduce -1.6% 0.05% −0.01
ORCL Oracle Corp. Reduce -20.9% 0.04% −0.01

Portfolio Buys Q3 2024 → Q4 2024
TLT iShares 20+ Year Treasury BD New 0.84% +0.84
SHV iShares 0-1 Year Treasury Bo New 0.61% +0.61
BXSL Blackstone Secured Lending F New 0.56% +0.56
ADBE Adobe Inc. Add +1432.7% 0.39% +0.36
AMZN Amazon.com Inc. Add +1.4% 1.68% +0.23
MSDL Morgan Stanley Direct Lendin New 0.23% +0.23
BIL SS SPDR BB 1-3M T-Bill ETF New 0.22% +0.22
AAPL Apple Inc. Add +0.4% 4.41% +0.21
VTI VG Morningstar TS MKT ETF-US Add +311.3% 0.23% +0.17
GOOG Alphabet Inc. Class C Add +6.7% 1.12% +0.17
SCHX Schwab US Large-Cap ETF Add +26.8% 0.66% +0.14
TSLA Tesla Inc. Add +0.1% 0.36% +0.12
BND Vanguard Total Bond Market Add +284.0% 0.13% +0.09
GOOGL Alphabet Inc. Class A Add +12.4% 0.32% +0.06
BALT Inn Defined Wealth Shield Add +26.1% 0.20% +0.04
PNOV Innovator U.S. Equity Power New 0.03% +0.03
MCK McKesson Corp. Add +22.9% 0.12% +0.03
AXP American Express Co. New 0.03% +0.03
GRNT Granite Ridge Resources Inc. Add +22.4% 0.12% +0.03
IVV iShares Core S&P 500 ETF Add +1.0% 11.60% +0.03
CMI Cummins Inc. New 0.03% +0.03
APO Apollo Global Management Inc. Add +0.2% 0.09% +0.02
CRK Comstock Resources Inc. Add +33.9% 0.04% +0.02
ARCC Ares Capital Corp. Add +1.1% 0.77% +0.02
NLR Vaneck Urani & Nuclr ETF-Usd New 0.02% +0.02
CMG Chipotle Mexican Grill Inc. New 0.02% +0.02
ET Energy Transfer LP Add +20.8% 0.06% +0.02
ULTA Ulta Beauty Inc. New 0.02% +0.02
MS Morgan Stanley New 0.02% +0.02
JETS US Global Jets ETF New 0.02% +0.02
TM Toyota Motor Corp. -Spon ADR New 0.02% +0.02
SOUN Soundhound AI Inc. Class A New 0.02% +0.02
FDIF Fidelity Disruptors ETF Add +1.8% 0.48% +0.01
EPD Enterprise Products Partners Add +31.8% 0.05% +0.01
DLR Digital Realty Trust Inc. Add +13.3% 0.07% +0.01
LMT Lockheed Martin Corp. Add +56.1% 0.05% +0.01
RIG Transocean Ltd. New 0.01% +0.01
HLT Hilton Worldwide Holdings Inc. Add +0.2% 0.18% +0.01
BMY Bristol-Myers Squibb Co. Add +0.3% 0.12% +0.01
FTEC Fidelity MSCI Info Tech Indx Add +17.9% 0.04% +0.01
KO The Coca-Cola Co. Add +30.8% 0.06% +0.01
OKE Oneok Inc. Add +0.2% 0.06% +0.00
NOW ServiceNow Inc. Add +5.2% 0.02% +0.00
AMLP Alerian MLP ETF Add +8.4% 0.05% +0.00
T AT&T Inc. Add +8.5% 0.04% +0.00
BAC Bank of America Corp. Add +1.3% 0.04% +0.00
UPS United Parcel Service Class B Add +29.8% 0.02% +0.00
ITA iShares U.S. Aerospace & Def Add +11.9% 0.05% +0.00
UNH Unitedhealth Group Inc. Add +21.7% 0.07% +0.00
PFE Pfizer Inc. Add +20.6% 0.02% +0.00

Notes & Other Activity Q3 2024 → Q4 2024
EPR PROPERTIES (EPR 9 PERP E) CONV PFD 9% SR E Sold out 6,834 $209Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 332$1.6BATO, PTLC, SPHQ, GSLC, QUS
Q1 2026 312$1.5BATO, PTLC, SPHQ, GSLC, QUS
Q4 2025 303$1.5BATO, PTLC, SPHQ, GSLC, QUS
Q3 2025 304$1.4BATO, PTLC, SPHQ, GSLC, QUS
Q2 2025 275$1.3BATO, SPHQ, PTLC, GSLC, QUS
Q1 2025 277$1.3BATO, IVV, SPHQ, GSLC, QUS
Q4 2024 266$1.3BATO, IVV, SPHQ, GSLC, QUS
Q3 2024 266$1.2BATO, IVV, SPHQ, GSLC, QUS
Q2 2024 265$1.1BIVV, ATO, SPHQ, GSLC, QUS
Q1 2024 274$1.2BIVV, ATO, SPHQ, GSLC, QUS