Sfmg, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Sfmg, LLC reported 277 stock positions worth $1.3 billion. Its top holding was Atmos Energy (ATO) at 12.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 11.2%) and Invesco S&P 500 Quality ETF (SPHQ, 8.5%). Compared with Q4 2024, it opened 25 new positions, sold out of 14, added to 119 and reduced 83. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
PLANO, TX
CIK
0001512026
Portfolio Value
$1.3B (Q1 2025)
SEC Filing
0001512026-25-000004 ↗ filed May 9, 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 Q4 2024 Q1 2025: $1.3B $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 277 stocks · $1.3B
ATO Atmos Energy Corp. 12.92% 1,058,542 $163.6M Reduce -0.1%
IVV iShares Core S&P 500 ETF 11.19% 252,209 $141.7M Add +0.9%
SPHQ Invesco S&P 500 Quality ETF 8.48% 1,620,072 $107.5M Reduce -1.5%
GSLC Goldman Activebeta US LC ETF 6.96% 801,096 $88.2M Reduce -1.2%
QUS SS SPDR MSCI U Stratfact ETF 6.40% 517,290 $81.1M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 4.49% 106,863 $56.9M Add +5.7%
MOAT Vaneck Morningstar Wide Moat 4.19% 603,594 $53.1M Add +3.4%
AAPL Apple Inc. 3.79% 216,111 $48.0M Reduce -3.2%
COWZ Pacer US Cash Cows 100 ETF 3.74% 865,230 $47.4M Add +1.6%
MSFT Microsoft Corp. 1.94% 65,440 $24.6M Reduce -2.8%
AMZN Amazon.com Inc. 1.43% 95,516 $18.2M Reduce -1.4%
SGOV iShares 0-3 Month Treasury B 1.28% 161,338 $16.2M New
NVDA Nvidia Corp. 1.19% 139,397 $15.1M Reduce -4.2%
JEPI JPMorgan Equity Premium Inco 1.10% 243,764 $13.9M Add +7.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.91% 20,674 $11.6M Reduce -5.6%
GOOG Alphabet Inc. Class C 0.90% 73,296 $11.5M Reduce -1.7%
TLT iShares 20+ Year Treasury BD 0.86% 120,064 $10.9M Reduce -1.5%
ARCC Ares Capital Corp. 0.81% 462,399 $10.2M Add +4.1%
WMT Walmart Inc. 0.78% 113,277 $9.9M Reduce -1.2%
RTX RTX Corp. 0.76% 73,068 $9.7M Reduce -0.6%
SCHQ Schwab Long-Term US Treasury 0.76% 294,277 $9.6M Add +7.2%
V Visa Inc. Class A 0.59% 21,497 $7.5M Reduce -0.6%
AMAT Applied Materials Inc. 0.59% 51,873 $7.5M Reduce -1.1%
BXSL Blackstone Secured Lending F 0.58% 225,894 $7.3M Add +3.4%
SCHX Schwab US Large-Cap ETF 0.55% 314,216 $6.9M Reduce -13.5%
COP Conocophillips 0.55% 65,750 $6.9M Add +1.3%
HON Honeywell International Inc. 0.49% 29,450 $6.2M Add +6.0%
CRM Salesforce Inc. 0.49% 22,969 $6.2M Add +0.0%
META Meta Platforms Inc. Class A 0.48% 10,606 $6.1M Reduce -2.4%
AMD Advanced Micro Devices 0.47% 58,047 $6.0M Add +6.2%
CBRE CBRE Group Inc. Class A 0.47% 45,072 $5.9M Reduce -2.3%
PANW Palo Alto Networks Inc. 0.45% 33,632 $5.7M Add +0.2%
CSCO Cisco Systems Inc. 0.45% 92,261 $5.7M Add +3.0%
FDIF Fidelity Disruptors ETF 0.43% 183,484 $5.4M Reduce -4.7%
ADBE Adobe Inc. 0.42% 13,778 $5.3M Add +22.5%
CSX CSX Corp. 0.41% 175,216 $5.2M Reduce -0.2%
MSDL Morgan Stanley Direct Lendin 0.40% 256,815 $5.1M Add +85.3%
QQQ Invesco QQQ Trust Series 1 0.40% 10,906 $5.1M Add +1.2%
BLK BlackRock Inc. 0.39% 5,192 $4.9M Add +4.1%
IGV iShares Expanded Tech-Softwa 0.38% 54,141 $4.8M Reduce -6.7%
MDT Medtronic PLC 0.34% 48,537 $4.4M Add +3.8%
VZ Verizon Communications Inc. 0.34% 95,919 $4.4M Reduce -0.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.33% 100,960 $4.2M Add +10.2%
GLD SPDR Gold Shares 0.31% 13,431 $3.9M Reduce -2.3%
QTEC First Trust Nasdq 100 Tech I 0.30% 21,959 $3.8M Reduce -2.1%
JPM JPMorgan Chase & Co. 0.30% 15,249 $3.7M Add +0.5%
VRTX Vertex Pharmaceuticals Inc. 0.29% 7,538 $3.7M Reduce -1.4%
ZTS Zoetis Inc. 0.26% 20,350 $3.4M New
TSLA Tesla Inc. 0.26% 12,870 $3.3M Add +14.3%
GOOGL Alphabet Inc. Class A 0.26% 21,403 $3.3M Reduce -0.9%
LULU Lululemon Athletica Inc. 0.25% 11,398 $3.2M Add +3.7%
BRK.A Berkshire Hathaway Inc. Class A 0.25% 4 $3.2M Add +300.0%
TMO Thermo Fisher Scientific Inc. 0.25% 6,412 $3.2M Add +5.3%
COST Costco Wholesale Corp. 0.25% 3,368 $3.2M Reduce -0.1%
VOO Vanguard S&P 500 ETF 0.24% 5,984 $3.1M Add +6.2%
AVGO Broadcom Inc. 0.22% 16,897 $2.8M Add +8.1%
FBTC Fidelity Wise Origin Bitcoin 0.22% 38,540 $2.8M Add +3.1%
KMI Kinder Morgan Inc. 0.21% 93,641 $2.7M Reduce -44.2%
BALT Inn Defined Wealth Shield 0.20% 82,301 $2.6M No change
DOC Healthpeak Properties Inc. 0.20% 126,873 $2.6M Add +23.0%
CIBR First Trust Nasdaq Cybersecu 0.20% 40,302 $2.5M Reduce -9.7%
XOM Exxon Mobil Corp. 0.20% 21,000 $2.5M Add +0.3%
NFLX Netflix Inc. 0.20% 2,655 $2.5M Add +38.1%
LLY Eli Lilly & Co. 0.19% 2,955 $2.4M Add +0.3%
WPC WP Carey Inc. 0.19% 38,518 $2.4M New
XLV SS Health Care Select Sector 0.19% 16,382 $2.4M Reduce -8.0%
SPTM SS SPDR P S&P 1500 Comp ETF 0.18% 32,785 $2.2M Reduce -11.9%
JNJ Johnson & Johnson 0.17% 12,895 $2.1M Reduce -4.2%
DVN Devon Energy Corp. 0.17% 56,229 $2.1M Reduce -9.6%
VTI VG Morningstar TS MKT ETF-US 0.16% 7,228 $2.0M Reduce -27.5%
HLT Hilton Worldwide Holdings Inc. 0.15% 8,264 $1.9M Reduce -10.8%
PAPR Innovator U.S. Equity Power 0.14% 50,575 $1.8M No change
MCK McKesson Corp. 0.14% 2,658 $1.8M Add +0.0%
IEI iShares 3-7 Year Treasury Bo 0.14% 15,019 $1.8M Reduce -30.8%
XDSQ Innovator US Eqy Accl-Quart 0.14% 50,967 $1.8M Reduce -0.2%
LUV Southwest Airlines Co. 0.14% 51,590 $1.7M Add +66.3%
FIW First Trust Water ETF 0.13% 16,152 $1.6M Add +0.2%
HGV Hilton Grand Vacations Inc. 0.13% 43,405 $1.6M No change
HD Home Depot Inc. 0.13% 4,405 $1.6M Reduce -2.0%
TXN Texas Instruments Inc. 0.13% 8,971 $1.6M Reduce -4.0%
CVX Chevron Corp. 0.13% 9,545 $1.6M Reduce -2.4%
BMY Bristol-Myers Squibb Co. 0.13% 26,048 $1.6M Reduce -5.8%
BX Blackstone Inc. 0.12% 10,981 $1.5M Add +0.7%
MCD McDonald's Corp. 0.12% 4,749 $1.5M Reduce -0.6%
GRNT Granite Ridge Resources Inc. 0.12% 242,494 $1.5M Add +3.5%
PG The Procter & Gamble Co. 0.11% 8,392 $1.4M Add +0.0%
SHW The Sherwin-Williams Co. 0.11% 4,046 $1.4M New
DRI Darden Restaurants Inc. 0.11% 6,709 $1.4M Add +0.5%
ABBV Abbvie Inc. 0.11% 6,474 $1.4M Reduce -8.2%
J Jacobs Solutions Inc. 0.10% 11,000 $1.3M Add +0.1%
PLTR Palantir Technologies Inc. Class A 0.10% 15,472 $1.3M Reduce -59.8%
KMB Kimberly-Clark Corp. 0.10% 9,059 $1.3M Add +0.1%
LOW Lowe's Cos Inc. 0.10% 5,458 $1.3M Add +1.3%
CI The Cigna Group 0.10% 3,860 $1.3M Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 4,666 $1.2M Add +0.3%
ETN Eaton Corp. PLC 0.09% 4,212 $1.1M Reduce -13.6%
DIVO Amplify CWP Enhan Divid ETF 0.09% 27,962 $1.1M No change
PAYX Paychex Inc. 0.08% 6,967 $1.1M Reduce -2.3%
PEP Pepsico Inc. 0.08% 7,146 $1.1M Reduce -29.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.08% 8,353 $1.0M Reduce -3.8%
WMB Williams Cos Inc. 0.08% 16,825 $1.0M Add +4.9%
APO Apollo Global Management Inc. 0.08% 7,299 $999K Add +0.9%
MRSH Marsh & McLennan Cos 0.08% 4,036 $985K Add +1.7%
ADP Automatic Data Processing 0.07% 3,054 $933K Add +0.4%
STEL Stellar Bancorp Inc. 0.07% 33,211 $919K Add +8.1%
SSB Southstate Bank Corp. 0.07% 9,842 $914K Add +27.8%
SMCI Super Micro Computer Inc. 0.07% 26,655 $913K New
PM Philip Morris International 0.07% 5,733 $910K Add +8.9%
KO The Coca-Cola Co. 0.07% 12,635 $905K Add +0.8%
ITOT iShares Core S&P Total U.S. 0.07% 7,333 $895K Add +0.8%
ACWI iShares MSCI Acwi ETF 0.07% 7,592 $884K No change
UNH Unitedhealth Group Inc. 0.07% 1,641 $859K Reduce -12.3%
SPHD Invesco S&P 500 High Dividen 0.07% 17,011 $854K No change
TT Trane Technologies PLC 0.06% 2,340 $788K Reduce -4.6%
KLAC KLA Corp. 0.06% 1,143 $777K Add +0.4%
MRK Merck & Co. Inc. 0.06% 8,502 $763K Add +2.0%
OKE Oneok Inc. 0.06% 7,463 $741K Add +5.6%
SMH Vaneck Semiconductor ETF 0.06% 3,422 $724K Reduce -2.8%
ET Energy Transfer LP 0.06% 38,838 $722K Add +4.3%
EPD Enterprise Products Partners 0.06% 21,055 $719K Add +1.5%
AMGN Amgen Inc. 0.06% 2,271 $707K Add +0.4%
DE Deere & Co. 0.06% 1,487 $698K Add +12.0%
ITA iShares U.S. Aerospace & Def 0.05% 4,514 $691K No change
DLR Digital Realty Trust Inc. 0.05% 4,801 $688K Add +0.7%
T AT&T Inc. 0.05% 24,313 $688K Add +9.8%
ACN Accenture PLC Class A 0.05% 2,182 $681K Reduce -0.6%
IAK iShares U.S. Insurance ETF 0.05% 4,705 $648K No change
FNDB Schwab Fndmntl US BRD Mr ETF 0.05% 27,996 $644K No change
TRGP Targa Resources Corp. 0.05% 3,131 $628K No change
LNG Cheniere Energy Inc. 0.05% 2,704 $626K Add +5.3%
DFUS Dimensional US Eq MKT ETF 0.05% 10,293 $623K Add +0.0%
SO The Southern Co. 0.05% 6,728 $619K Add +9.3%
LMT Lockheed Martin Corp. 0.05% 1,373 $613K Add +0.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.05% 1,653 $613K No change
HACK Amplify Cybersecurity ETF 0.05% 8,381 $602K No change
ABT Abbott Laboratories 0.05% 4,414 $586K Reduce -3.8%
CAT Caterpillar Inc. 0.05% 1,736 $572K Add +18.8%
XRLV Invesco S&P 500 Ex-Rate Sens 0.04% 10,043 $568K No change
UNP Union Pacific Corp. 0.04% 2,331 $551K Add +0.7%
USMV iShares MSCI USA Min Vol Fac 0.04% 5,838 $547K No change
XEL Xcel Energy Inc. 0.04% 7,675 $543K No change
MSI Motorola Solutions Inc. 0.04% 1,239 $542K Add +6.0%
IEFA iShares Core MSCI Eafe ETF 0.04% 6,901 $522K Add +53.6%
WELL Welltower Inc. 0.04% 3,344 $512K Add +1.4%
MO Altria Group Inc. 0.04% 8,530 $512K Add +0.5%
VIG Vanguard Dividend Apprec ETF 0.04% 2,636 $511K Add +24.2%
BA The Boeing Co. 0.04% 2,959 $505K Add +4.3%
STZ Constellation Brands Inc. Class A 0.04% 2,750 $505K Reduce -17.9%
CME Cme Group Inc. 0.04% 1,887 $500K Add +3.1%
SCHW Schwab (charles) Corp. 0.04% 6,295 $493K Reduce -9.8%
IWF iShares Russell 1000 Growth 0.04% 1,362 $492K Reduce -4.7%
MLM Martin Marietta Materials 0.04% 1,024 $490K No change
BLDR Builders Firstsource Inc. 0.04% 3,887 $486K Reduce -7.1%
IWR iShares Russell Mid-Cap ETF 0.04% 5,637 $479K No change
FTEC Fidelity MSCI Info Tech Indx 0.04% 2,907 $469K Add +2.9%
ADI Analog Devices Inc. 0.04% 2,301 $464K Add +2.7%
PLBY Playboy Inc. filed as PLBY GROUP INC 0.04% 411,000 $452K Add +12.0%
RSPG Invesco S&P 500 Equal Weight 0.04% 5,481 $449K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 10,718 $447K Add +2.1%
DKS Dick's Sporting Goods Inc. 0.03% 2,175 $438K No change
IRT Independence Realty Trust Inc. 0.03% 20,454 $434K Add +0.4%
PNOV Innovator U.S. Equity Power 0.03% 11,326 $422K No change
GE General Electric filed as GE AEROSPACE 0.03% 2,088 $418K Add +2.4%
IVW iShares S&P 500 Growth ETF 0.03% 4,491 $417K No change
UBER Uber Technologies Inc. 0.03% 5,672 $413K Add +1.5%
CMI Cummins Inc. 0.03% 1,315 $412K Add +40.2%
MSCI MSCI Inc. 0.03% 727 $411K Reduce -0.9%
CLX Clorox Company 0.03% 2,780 $409K Add +2.8%
TPL Texas Pacific Land Corp. 0.03% 308 $408K Reduce -18.5%
CB Chubb Ltd. 0.03% 1,319 $398K Add +3.6%
VGT Vanguard Info Tech ETF 0.03% 712 $386K Add +0.3%
NEE Nextera Energy Inc. 0.03% 5,362 $380K New
IP International Paper Co. 0.03% 7,103 $379K Add +1.4%
VTEB Vanguard Tax-Exempt Bond ETF 0.03% 7,526 $373K New
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.03% 7,995 $368K Add +14.6%
NOC Northrop Grumman Corp. 0.03% 718 $368K Add +0.7%
VTWO Vanguard Russell 2000 ETF 0.03% 4,377 $353K Add +2.6%
LH Labcorp Holdings Inc. 0.03% 1,510 $351K Reduce -8.4%
VGSH Vanguard Short-Term Treasury 0.03% 5,987 $351K No change
GBTC Grayscale Bitcoin Trust ETF 0.03% 5,382 $351K Reduce -11.2%
ASML ASML Holding NV-NY Reg SHS 0.03% 527 $349K Add +3.1%
STX Seagate Technology Holdings 0.03% 4,026 $342K Reduce -14.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 3,416 $337K Add +0.8%
DHR Danaher Corp. 0.03% 1,623 $333K Reduce -30.5%
AXP American Express Co. 0.03% 1,236 $333K Add +1.1%
XLK SS Technology Select Sector 0.03% 1,610 $332K New
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 1,909 $330K Reduce -23.7%
EOG EOG Resources Inc. 0.03% 2,549 $327K Add +0.4%
HDV iShares Core High Dividend E 0.03% 2,664 $323K Add +0.6%
WES Western Midstream Partners L 0.03% 7,858 $322K New
VLO Valero Energy Corp. 0.03% 2,431 $321K Add +9.0%
ITW Illinois Tool Works 0.03% 1,286 $319K Add +9.3%
SCHG Schwab US Large-Cap Growth 0.03% 12,720 $319K New
IOO iShares Global 100 ETF 0.02% 3,249 $313K Reduce -3.0%
SCHA Schwab US Small-Cap ETF 0.02% 13,243 $310K Add +0.7%
AEP American Electric Power 0.02% 2,802 $306K Add +28.3%
ORI Old Republic Intl Corp. 0.02% 7,793 $306K No change
PFF iShares Preferred & Income S 0.02% 9,842 $302K Add +0.6%
FISV Fiserv Inc. 0.02% 1,365 $301K Reduce -0.7%
D Dominion Energy Inc. 0.02% 5,363 $301K Add +0.3%
SGOL Abrdn Physical Gold Shares 0.02% 10,000 $298K No change
MTDR Matador Resources Co. 0.02% 5,794 $296K No change
QUAL iShares MSCI USA Quality Fac 0.02% 1,710 $292K New
FSK FS KKR Capital Corp. 0.02% 13,899 $291K No change
ICE Intercontinental Exchange Inc. 0.02% 1,667 $288K Add +0.6%
HCA HCA Healthcare Inc. 0.02% 828 $286K Add +0.5%
BFAM Bright Horizons Family Solut 0.02% 2,226 $283K No change
CMCSA Comcast Corp. Class A 0.02% 7,636 $282K Reduce -0.2%
ENB Enbridge Inc. 0.02% 6,353 $282K Reduce -1.5%
MPC Marathon Petroleum Corp. 0.02% 1,918 $279K Add +7.3%
GIS General Mills Inc. 0.02% 4,638 $277K Add +0.7%
HLI Houlihan Lokey Inc. 0.02% 1,711 $276K Reduce -0.1%
CTRA Coterra Energy Inc. 0.02% 9,474 $274K No change
PFE Pfizer Inc. 0.02% 10,702 $271K Reduce -7.0%
MPLX MPLX LP 0.02% 4,952 $265K No change
ISRA Vaneck Israel ETF 0.02% 6,271 $265K No change
APD Air Products & Chemicals Inc. 0.02% 897 $264K Add +3.7%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.02% 1,300 $262K No change
QCOM Qualcomm Inc. 0.02% 1,685 $259K Add +1.3%
TRV The Travelers Cos Inc. 0.02% 970 $257K Reduce -1.6%
SPGI S&P Global Inc. 0.02% 504 $256K Reduce -7.5%
ORCL Oracle Corp. 0.02% 1,823 $255K Reduce -35.8%
ORLY O'reilly Automotive Inc. 0.02% 176 $252K Reduce -13.7%
MU Micron Technology Inc. 0.02% 2,901 $252K New
XLF SS Financial Select Sector 0.02% 5,007 $249K New
CRWD CrowdStrike Holdings Inc. Class A 0.02% 706 $249K Add +5.1%
AMLP Alerian MLP ETF 0.02% 4,725 $245K Reduce -62.9%
DKNG Draftkings Inc. Class A 0.02% 7,387 $245K Reduce -0.1%
SFM Sprouts Farmers Market Inc. 0.02% 1,606 $245K Reduce -24.3%
CRK Comstock Resources Inc. 0.02% 12,030 $245K Reduce -55.1%
NDAQ Nasdaq Inc. 0.02% 3,210 $244K Add +13.0%
IJR iShares Core S&P Small-Cap E 0.02% 2,328 $243K Add +0.2%
DUK Duke Energy Corp. 0.02% 1,981 $242K Add +0.8%
ISTB iShares Core 1-5 Year Usd Bo 0.02% 4,977 $241K Add +13.2%
BND Vanguard Total Bond Market 0.02% 3,252 $239K Reduce -85.8%
O Realty Income Corp. 0.02% 4,083 $237K New
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.02% 1,293 $236K Reduce -0.8%
JCI Johnson Controls Internation 0.02% 2,913 $233K Add +4.5%
UPS United Parcel Service Class B 0.02% 2,118 $233K Reduce -0.2%
WST West Pharmaceutical Services 0.02% 1,037 $232K Reduce -0.4%
ITCI Intra-Cellular Therapies Inc. 0.02% 1,748 $231K New
NLR Vaneck Urani & Nuclr ETF-Usd 0.02% 3,123 $229K No change
AZN Astrazeneca PLC-Spons ADR 0.02% 3,084 $227K New
SHEL Shell PLC-ADR 0.02% 3,054 $224K New
ED Consolidated Edison Inc. 0.02% 2,020 $223K New
SMMD iShares Russell 2500 ETF 0.02% 3,553 $222K Add +7.5%
EWTX Edgewise Therapeutics Inc. 0.02% 10,000 $220K No change
NOW ServiceNow Inc. 0.02% 270 $215K Add +1.9%
FTNT Fortinet Inc. 0.02% 2,224 $214K New
KOS Kosmos Energy Ltd. 0.02% 93,480 $213K No change
RSP Invesco S&P 500 Equal Weight 0.02% 1,225 $212K Reduce -50.1%
PYPL PayPal Holdings Inc. 0.02% 3,251 $212K Add +7.4%
GLW Corning Inc. 0.02% 4,540 $208K Add +0.6%
SYK Stryker Corp. 0.02% 553 $206K New
TSM Taiwan Semiconductor-SP ADR 0.02% 1,232 $204K New
AMTM Amentum Holdings Inc. 0.02% 10,984 $200K No change
DHT DHT Holdings Inc. 0.02% 19,015 $200K No change
HBAN Huntington Bancshares Inc. 0.01% 11,062 $166K Add +0.5%
NZF Nuveen Municipal Credit Inc. 0.01% 12,680 $155K No change
XMYDX BlackRock Muniyield Fund 0.01% 14,213 $150K No change
MYI BlackRock Muniyield QLTY III 0.01% 13,526 $149K No change
NAD Nuveen Quality Municipal Inc. 0.01% 12,709 $146K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.01% 13,049 $146K No change
XMVFX BlackRock Munivest Fund 0.01% 20,753 $145K No change
MUE BlackRock Munihold QLT FD II 0.01% 14,312 $143K No change
MHD BlackRock Muniholdings Fund 0.01% 12,093 $142K No change
ABR Arbor Realty Trust Inc. 0.01% 11,009 $129K Reduce -37.1%
RIG Transocean Ltd. 0.01% 30,000 $95K No change
SLDB Solid Biosciences Inc. 0.01% 25,031 $93K New
VLY Valley National Bancorp 0.01% 10,156 $90K No change
CIFR Cipher Digital Inc. 0.01% 38,000 $87K New
SOUN Soundhound AI Inc. Class A 0.01% 10,000 $81K No change
ACTU Actuate Therapeutics Inc. 0.01% 11,000 $74K New
CRON Cronos Group Inc. 0.00% 17,622 $32K No change
AMARIN CORP PLC 0.00% 50,000 $22K New
TLRY Tilray Brands Inc. 0.00% 33,854 $22K No change
GRWG Growgeneration Corp. 0.00% 10,349 $11K No change
Other holdings (6): bonds, preferreds, convertibles and warrants · $233K (not counted above)
SecurityClassShares / PrincipalValueChange
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 35,000$85KNo change
PARSONS CORP (PSN 0.25 08/15/25) NOTE 0.250% 8/1 · principal 28,000$37KNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) NOTE 2.250% 6/1 · principal 35,000$34KNo change
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 10,129$31KReduce -2.2%
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$22KNo change

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

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -3.2% 3.79% −0.62
SHV iShares 0-1 Year Treasury Bo Sold out 0.00% −0.61
GSLC Goldman Activebeta US LC ETF Reduce -1.2% 6.96% −0.40
NVDA Nvidia Corp. Reduce -4.2% 1.19% −0.35
MSFT Microsoft Corp. Reduce -2.8% 1.94% −0.30
AMZN Amazon.com Inc. Reduce -1.4% 1.43% −0.24
BIL SS SPDR BB 1-3M T-Bill ETF Sold out 0.00% −0.22
GOOG Alphabet Inc. Class C Reduce -1.7% 0.90% −0.22
SPHQ Invesco S&P 500 Quality ETF Reduce -1.5% 8.48% −0.21
KMI Kinder Morgan Inc. Reduce -44.2% 0.21% −0.15
PLTR Palantir Technologies Inc. Class A Reduce -59.8% 0.10% −0.13
SCHX Schwab US Large-Cap ETF Reduce -13.5% 0.55% −0.12
BND Vanguard Total Bond Market Reduce -85.8% 0.02% −0.11
PAGP Plains GP Holdings LP Sold out 0.00% −0.11
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.6% 0.91% −0.10
AMAT Applied Materials Inc. Reduce -1.1% 0.59% −0.08
IGV iShares Expanded Tech-Softwa Reduce -6.7% 0.38% −0.08
VTI VG Morningstar TS MKT ETF-US Reduce -27.5% 0.16% −0.07
GOOGL Alphabet Inc. Class A Reduce -0.9% 0.26% −0.06
IEI iShares 3-7 Year Treasury Bo Reduce -30.8% 0.14% −0.06
FDIF Fidelity Disruptors ETF Reduce -4.7% 0.43% −0.05
CSX CSX Corp. Reduce -0.2% 0.41% −0.04
ETN Eaton Corp. PLC Reduce -13.6% 0.09% −0.04
PEP Pepsico Inc. Reduce -29.0% 0.08% −0.04
ROBO Robo Global Robotics and Aut Sold out 0.00% −0.03
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -11.9% 0.18% −0.03
QTEC First Trust Nasdq 100 Tech I Reduce -2.1% 0.30% −0.03
WMT Walmart Inc. Reduce -1.2% 0.78% −0.03
HLT Hilton Worldwide Holdings Inc. Reduce -10.8% 0.15% −0.03
AMLP Alerian MLP ETF Reduce -62.9% 0.02% −0.03
BLOK Amplify Blockchain Tech ETF Sold out 0.00% −0.03
CIBR First Trust Nasdaq Cybersecu Reduce -9.7% 0.20% −0.02
CRK Comstock Resources Inc. Reduce -55.1% 0.02% −0.02
WDC Western Digital Corp. Sold out 0.00% −0.02
META Meta Platforms Inc. Class A Reduce -2.4% 0.48% −0.02
STZ Constellation Brands Inc. Class A Reduce -17.9% 0.04% −0.02
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.02
ULTA Ulta Beauty Inc. Sold out 0.00% −0.02
RSP Invesco S&P 500 Equal Weight Reduce -50.1% 0.02% −0.02
ORCL Oracle Corp. Reduce -35.8% 0.02% −0.02
MS Morgan Stanley Sold out 0.00% −0.02
FANG Diamondback Energy Inc. Sold out 0.00% −0.02
JETS US Global Jets ETF Sold out 0.00% −0.02
TM Toyota Motor Corp. -Spon ADR Sold out 0.00% −0.02
DHR Danaher Corp. Reduce -30.5% 0.03% −0.02
GWW WW Grainger Inc. Sold out 0.00% −0.02
XMUIX BlackRock Municipal Income Sold out 0.00% −0.01
CBRE CBRE Group Inc. Class A Reduce -2.3% 0.47% −0.01
TXN Texas Instruments Inc. Reduce -4.0% 0.13% −0.01
HD Home Depot Inc. Reduce -2.0% 0.13% −0.01

Portfolio Buys Q4 2024 → Q1 2025
SGOV iShares 0-3 Month Treasury B New 1.28% +1.28
BRK.B Berkshire Hathaway Inc. Class B Add +5.7% 4.49% +0.88
ZTS Zoetis Inc. New 0.26% +0.26
BRK.A Berkshire Hathaway Inc. Class A Add +300.0% 0.25% +0.20
WPC WP Carey Inc. New 0.19% +0.19
MSDL Morgan Stanley Direct Lendin Add +85.3% 0.40% +0.18
QUS SS SPDR MSCI U Stratfact ETF Add +0.5% 6.40% +0.11
SHW The Sherwin-Williams Co. New 0.11% +0.11
SCHQ Schwab Long-Term US Treasury Add +7.2% 0.76% +0.08
SMCI Super Micro Computer Inc. New 0.07% +0.07
JEPI JPMorgan Equity Premium Inco Add +7.5% 1.10% +0.07
NFLX Netflix Inc. Add +38.1% 0.20% +0.06
SLB SLB Ltd. Add +10.2% 0.33% +0.06
LUV Southwest Airlines Co. Add +66.3% 0.14% +0.05
MDT Medtronic PLC Add +3.8% 0.34% +0.05
ARCC Ares Capital Corp. Add +4.1% 0.81% +0.04
DOC Healthpeak Properties Inc. Add +23.0% 0.20% +0.04
COP Conocophillips Add +1.3% 0.55% +0.04
CSCO Cisco Systems Inc. Add +3.0% 0.45% +0.03
NEE Nextera Energy Inc. New 0.03% +0.03
VTEB Vanguard Tax-Exempt Bond ETF New 0.03% +0.03
XLK SS Technology Select Sector New 0.03% +0.03
WES Western Midstream Partners L New 0.03% +0.03
SCHG Schwab US Large-Cap Growth New 0.03% +0.03
QUAL iShares MSCI USA Quality Fac New 0.02% +0.02
ADBE Adobe Inc. Add +22.5% 0.42% +0.02
PM Philip Morris International Add +8.9% 0.07% +0.02
MCK McKesson Corp. Add +0.0% 0.14% +0.02
BXSL Blackstone Secured Lending F Add +3.4% 0.58% +0.02
MU Micron Technology Inc. New 0.02% +0.02
XLF SS Financial Select Sector New 0.02% +0.02
XOM Exxon Mobil Corp. Add +0.3% 0.20% +0.02
O Realty Income Corp. New 0.02% +0.02
ITCI Intra-Cellular Therapies Inc. New 0.02% +0.02
AZN Astrazeneca PLC-Spons ADR New 0.02% +0.02
SHEL Shell PLC-ADR New 0.02% +0.02
ED Consolidated Edison Inc. New 0.02% +0.02
FTNT Fortinet Inc. New 0.02% +0.02
CI The Cigna Group Add +0.1% 0.10% +0.02
IEFA iShares Core MSCI Eafe ETF Add +53.6% 0.04% +0.02
SYK Stryker Corp. New 0.02% +0.02
TSM Taiwan Semiconductor-SP ADR New 0.02% +0.02
T AT&T Inc. Add +9.8% 0.05% +0.01
LLY Eli Lilly & Co. Add +0.3% 0.19% +0.01
DRI Darden Restaurants Inc. Add +0.5% 0.11% +0.01
SSB Southstate Bank Corp. Add +27.8% 0.07% +0.01
MRSH Marsh & McLennan Cos Add +1.7% 0.08% +0.01
IBM Intl Business Machines Corp. Add +0.3% 0.09% +0.01
WMB Williams Cos Inc. Add +4.9% 0.08% +0.01
DE Deere & Co. Add +12.0% 0.06% +0.01

Notes & Other Activity Q4 2024 → Q1 2025
INSIGHT ENTERPRS (NSIT 0.75 02/15/25) NOTE 0.750% 2/1 · principal Sold out 14,000 $31Kbefore exit
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 Reduce -2.2% 10,129 $31K

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