Sfmg, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Sfmg, LLC reported 275 stock positions worth $1.3 billion. Its top holding was Atmos Energy (ATO) at 12.1% of the portfolio, followed by Invesco S&P 500 Quality ETF (SPHQ, 8.7%) and Pacer Trendpilot US Large Ca (PTLC, 8.6%). Compared with Q1 2025, it opened 21 new positions, sold out of 23, added to 107 and reduced 93. The biggest buy was a new position in Pacer Trendpilot US Large Ca (PTLC) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001512026
- Portfolio Value
- $1.3B (Q2 2025)
- SEC Filing
- 0001512026-25-000006 ↗ filed Aug 12, 2025
Holdings Value
Holdings 275 stocks · $1.3B
| ATO Atmos Energy Corp. | 12.07% | 1,043,125 | $160.8M | Reduce -1.5% |
| SPHQ Invesco S&P 500 Quality ETF | 8.72% | 1,630,713 | $116.2M | Add +0.7% |
| PTLC Pacer Trendpilot US Large Ca | 8.56% | 2,247,421 | $114.1M | New |
| GSLC Goldman Activebeta US LC ETF | 7.39% | 811,380 | $98.5M | Add +1.3% |
| QUS SS SPDR MSCI U Stratfact ETF | 6.36% | 519,412 | $84.7M | Add +0.4% |
| MOAT Vaneck Morningstar Wide Moat | 4.34% | 616,184 | $57.8M | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.22% | 115,803 | $56.3M | Add +8.4% |
| COWZ Pacer US Cash Cows 100 ETF | 3.70% | 893,734 | $49.2M | Add +3.3% |
| AAPL Apple Inc. | 3.36% | 218,065 | $44.7M | Add +0.9% |
| IVV iShares Core S&P 500 ETF | 2.49% | 53,416 | $33.2M | Reduce -78.8% |
| MSFT Microsoft Corp. | 2.41% | 64,461 | $32.1M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 1.63% | 98,858 | $21.7M | Add +3.5% |
| NVDA Nvidia Corp. | 1.60% | 134,533 | $21.3M | Reduce -3.5% |
| SGOV iShares 0-3 Month Treasury B | 1.24% | 164,381 | $16.6M | Add +1.9% |
| JEPI JPMorgan Equity Premium Inco | 1.11% | 260,457 | $14.8M | Add +6.8% |
| GOOG Alphabet Inc. Class C | 0.99% | 74,310 | $13.2M | Add +1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.92% | 19,767 | $12.2M | Reduce -4.4% |
| WMT Walmart Inc. | 0.84% | 113,841 | $11.1M | Add +0.5% |
| SCHQ Schwab Long-Term US Treasury | 0.80% | 333,091 | $10.6M | Add +13.2% |
| RTX RTX Corp. | 0.79% | 72,375 | $10.6M | Reduce -0.9% |
| ARCC Ares Capital Corp. | 0.79% | 477,010 | $10.5M | Add +3.2% |
| TLT iShares 20+ Year Treasury BD | 0.72% | 108,828 | $9.6M | Reduce -9.4% |
| AMAT Applied Materials Inc. | 0.71% | 51,400 | $9.4M | Reduce -0.9% |
| AMD Advanced Micro Devices | 0.63% | 58,900 | $8.4M | Add +1.5% |
| META Meta Platforms Inc. Class A | 0.58% | 10,495 | $7.7M | Reduce -1.1% |
| V Visa Inc. Class A | 0.57% | 21,287 | $7.6M | Reduce -1.0% |
| BXSL Blackstone Secured Lending F | 0.56% | 242,577 | $7.5M | Add +7.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.54% | 103,415 | $7.1M | New |
| PANW Palo Alto Networks Inc. | 0.53% | 34,188 | $7.0M | Add +1.6% |
| HON Honeywell International Inc. | 0.51% | 29,443 | $6.9M | Reduce -0.0% |
| SCHX Schwab US Large-Cap ETF | 0.50% | 273,536 | $6.7M | Reduce -12.9% |
| FDIF Fidelity Disruptors ETF | 0.49% | 194,170 | $6.6M | Add +5.8% |
| CRM Salesforce Inc. | 0.47% | 23,160 | $6.3M | Add +0.8% |
| COP Conocophillips | 0.45% | 67,285 | $6.0M | Add +2.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.44% | 10,675 | $5.9M | Reduce -2.1% |
| CSX CSX Corp. | 0.43% | 177,537 | $5.8M | Add +1.3% |
| IGV iShares Expanded Tech-Softwa | 0.43% | 52,344 | $5.7M | Reduce -3.3% |
| BLK BlackRock Inc. | 0.42% | 5,375 | $5.6M | Add +3.5% |
| ADBE Adobe Inc. | 0.40% | 13,802 | $5.3M | Add +0.2% |
| MSDL Morgan Stanley Direct Lendin | 0.36% | 258,445 | $4.8M | Add +0.6% |
| AVGO Broadcom Inc. | 0.36% | 17,253 | $4.8M | Add +2.1% |
| QTEC First Trust Nasdq 100 Tech I | 0.35% | 21,988 | $4.7M | Add +0.1% |
| MDT Medtronic PLC | 0.32% | 49,464 | $4.3M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 0.32% | 14,718 | $4.3M | Reduce -3.5% |
| VZ Verizon Communications Inc. | 0.32% | 97,860 | $4.2M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 0.29% | 22,027 | $3.9M | Add +2.9% |
| TMO Thermo Fisher Scientific Inc. | 0.28% | 9,337 | $3.8M | Add +45.6% |
| FBTC Fidelity Wise Origin Bitcoin | 0.27% | 38,551 | $3.6M | Add +0.0% |
| NFLX Netflix Inc. | 0.27% | 2,683 | $3.6M | Add +1.1% |
| TSLA Tesla Inc. | 0.27% | 11,287 | $3.6M | Reduce -12.3% |
| VOO Vanguard S&P 500 ETF | 0.27% | 6,229 | $3.5M | Add +4.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.26% | 103,012 | $3.5M | Add +2.0% |
| ZTS Zoetis Inc. | 0.26% | 21,881 | $3.4M | Add +7.5% |
| COST Costco Wholesale Corp. | 0.25% | 3,314 | $3.3M | Reduce -1.6% |
| GLD SPDR Gold Shares | 0.23% | 10,131 | $3.1M | Reduce -24.6% |
| CIBR First Trust Nasdaq Cybersecu | 0.23% | 40,531 | $3.1M | Add +0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.22% | 4 | $2.9M | No change |
| LULU Lululemon Athletica Inc. | 0.21% | 11,877 | $2.8M | Add +4.2% |
| KMI Kinder Morgan Inc. | 0.21% | 94,250 | $2.8M | Add +0.7% |
| BALT Inn Defined Wealth Shield | 0.20% | 82,301 | $2.6M | No change |
| DOC Healthpeak Properties Inc. | 0.19% | 145,936 | $2.6M | Add +15.0% |
| WPC WP Carey Inc. | 0.18% | 38,248 | $2.4M | Reduce -0.7% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.18% | 31,434 | $2.4M | Reduce -4.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 7,491 | $2.3M | Add +3.6% |
| LLY Eli Lilly & Co. | 0.17% | 2,909 | $2.3M | Reduce -1.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.17% | 8,270 | $2.2M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.16% | 20,356 | $2.2M | Reduce -3.1% |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 15,316 | $2.1M | Reduce -1.0% |
| XLV SS Health Care Select Sector | 0.16% | 15,393 | $2.1M | Reduce -6.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.15% | 4,633 | $2.1M | Reduce -38.5% |
| GRNT Granite Ridge Resources Inc. | 0.15% | 310,606 | $2.0M | Add +28.1% |
| MCK McKesson Corp. | 0.15% | 2,657 | $1.9M | Reduce -0.0% |
| JNJ Johnson & Johnson | 0.14% | 12,514 | $1.9M | Reduce -3.0% |
| XDSQ Innovator US Eqy Accl-Quart | 0.14% | 50,967 | $1.9M | No change |
| DVN Devon Energy Corp. | 0.14% | 58,428 | $1.9M | Add +3.9% |
| PAPR Innovator U.S. Equity Power | 0.14% | 49,693 | $1.9M | Reduce -1.7% |
| HGV Hilton Grand Vacations Inc. | 0.14% | 43,405 | $1.8M | No change |
| FIW First Trust Water ETF | 0.13% | 16,319 | $1.8M | Add +1.0% |
| LUV Southwest Airlines Co. | 0.13% | 51,572 | $1.7M | Reduce -0.0% |
| CSCO Cisco Systems Inc. | 0.12% | 23,859 | $1.7M | Reduce -74.1% |
| BX Blackstone Inc. | 0.12% | 11,017 | $1.6M | Add +0.3% |
| HD Home Depot Inc. | 0.12% | 4,260 | $1.6M | Reduce -3.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.11% | 12,692 | $1.5M | Reduce -15.5% |
| ETN Eaton Corp. PLC | 0.11% | 4,198 | $1.5M | Reduce -0.3% |
| DRI Darden Restaurants Inc. | 0.11% | 6,717 | $1.5M | Add +0.1% |
| J Jacobs Solutions Inc. | 0.11% | 11,000 | $1.4M | No change |
| MCD McDonald's Corp. | 0.10% | 4,747 | $1.4M | Reduce -0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 4,667 | $1.4M | Add +0.0% |
| PG The Procter & Gamble Co. | 0.10% | 8,316 | $1.3M | Reduce -0.9% |
| SHW The Sherwin-Williams Co. | 0.10% | 3,853 | $1.3M | Reduce -4.8% |
| CI The Cigna Group | 0.10% | 3,861 | $1.3M | Add +0.0% |
| DIVO Amplify CWP Enhan Divid ETF | 0.09% | 27,962 | $1.2M | No change |
| LOW Lowe's Cos Inc. | 0.09% | 5,187 | $1.2M | Reduce -5.0% |
| BMY Bristol-Myers Squibb Co. | 0.08% | 24,258 | $1.1M | Reduce -6.9% |
| KMB Kimberly-Clark Corp. | 0.08% | 8,578 | $1.1M | Reduce -5.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.08% | 12,009 | $1.1M | New |
| TXN Texas Instruments Inc. | 0.08% | 5,080 | $1.1M | Reduce -43.4% |
| TT Trane Technologies PLC | 0.08% | 2,411 | $1.1M | Add +3.0% |
| ABBV Abbvie Inc. | 0.08% | 5,651 | $1.0M | Reduce -12.7% |
| APO Apollo Global Management Inc. | 0.08% | 7,292 | $1.0M | Reduce -0.1% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $299K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 10,129 | $110K | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 35,000 | $97K | No change |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 28,000 | $45K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 23,000 | $24K | No change |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 24,000 | $24K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -78.8% | 2.49% | −8.70 |
| ATO Atmos Energy Corp. | Reduce -1.5% | 12.07% | −0.85 |
| CBRE CBRE Group Inc. Class A | Reduce -93.2% | 0.03% | −0.43 |
| CSCO Cisco Systems Inc. | Reduce -74.1% | 0.12% | −0.33 |
| TLT iShares 20+ Year Treasury BD | Reduce -9.4% | 0.72% | −0.14 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -38.5% | 0.15% | −0.13 |
| GLD SPDR Gold Shares | Reduce -24.6% | 0.23% | −0.07 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.06 |
| SMCI Super Micro Computer Inc. | Reduce -77.4% | 0.02% | −0.05 |
| CVX Chevron Corp. | Reduce -25.5% | 0.08% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -43.4% | 0.08% | −0.05 |
| SCHX Schwab US Large-Cap ETF | Reduce -12.9% | 0.50% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.9% | 0.08% | −0.04 |
| XLV SS Health Care Select Sector | Reduce -6.0% | 0.16% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 0.16% | −0.03 |
| ABBV Abbvie Inc. | Reduce -12.7% | 0.08% | −0.03 |
| VTWO Vanguard Russell 2000 ETF | Sold out | 0.00% | −0.03 |
| V Visa Inc. Class A | Reduce -1.0% | 0.57% | −0.03 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -15.5% | 0.11% | −0.03 |
| WES Western Midstream Partners L | Sold out | 0.00% | −0.03 |
| JNJ Johnson & Johnson | Reduce -3.0% | 0.14% | −0.03 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.03 |
| AEP American Electric Power | Sold out | 0.00% | −0.02 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.02 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −0.02 |
| AMGN Amgen Inc. | Reduce -30.8% | 0.03% | −0.02 |
| OKE Oneok Inc. | Reduce -22.1% | 0.04% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -1.6% | 0.17% | −0.02 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.02 |
| PEP Pepsico Inc. | Reduce -12.0% | 0.06% | −0.02 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.02 |
| MPLX MPLX LP | Sold out | 0.00% | −0.02 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.02 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.02 |
| EPD Enterprise Products Partners | Reduce -24.4% | 0.04% | −0.02 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.02 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.02 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -5.3% | 0.08% | −0.02 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.02 |
| KO The Coca-Cola Co. | Reduce -16.0% | 0.06% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -5.0% | 0.09% | −0.01 |
| CLX Clorox Company | Reduce -26.1% | 0.02% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -0.9% | 0.10% | −0.01 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.0% | 0.10% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -2.1% | 0.06% | −0.01 |
| WPC WP Carey Inc. | Reduce -0.7% | 0.18% | −0.01 |
| MO Altria Group Inc. | Reduce -25.0% | 0.03% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| PTLC Pacer Trendpilot US Large Ca | New | 8.56% | +8.56 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.54% | +0.54 |
| GSLC Goldman Activebeta US LC ETF | Add +1.3% | 7.39% | +0.43 |
| SPHQ Invesco S&P 500 Quality ETF | Add +0.7% | 8.72% | +0.24 |
| AMZN Amazon.com Inc. | Add +3.5% | 1.63% | +0.19 |
| AMD Advanced Micro Devices | Add +1.5% | 0.63% | +0.16 |
| MOAT Vaneck Morningstar Wide Moat | Add +2.1% | 4.34% | +0.15 |
| AVGO Broadcom Inc. | Add +2.1% | 0.36% | +0.13 |
| GOOG Alphabet Inc. Class C | Add +1.4% | 0.99% | +0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.08% | +0.08 |
| NFLX Netflix Inc. | Add +1.1% | 0.27% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +1.6% | 0.53% | +0.07 |
| FDIF Fidelity Disruptors ETF | Add +5.8% | 0.49% | +0.06 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.05% | +0.05 |
| FBTC Fidelity Wise Origin Bitcoin | Add +0.0% | 0.27% | +0.05 |
| WMT Walmart Inc. | Add +0.5% | 0.84% | +0.05 |
| QTEC First Trust Nasdq 100 Tech I | Add +0.1% | 0.35% | +0.05 |
| DAR Darling Ingredients Inc. | New | 0.05% | +0.05 |
| SCHQ Schwab Long-Term US Treasury | Add +13.2% | 0.80% | +0.04 |
| DELL Dell Technologies -C | New | 0.04% | +0.04 |
| BLK BlackRock Inc. | Add +3.5% | 0.42% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +45.6% | 0.28% | +0.03 |
| GRNT Granite Ridge Resources Inc. | Add +28.1% | 0.15% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +2.9% | 0.29% | +0.03 |
| CIBR First Trust Nasdaq Cybersecu | Add +0.6% | 0.23% | +0.03 |
| CSX CSX Corp. | Add +1.3% | 0.43% | +0.03 |
| ORCL Oracle Corp. | Add +55.8% | 0.05% | +0.03 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +4.1% | 0.27% | +0.02 |
| BOOT Boot Barn Holdings Inc. | New | 0.02% | +0.02 |
| BLOK Amplify Blockchain Tech ETF | New | 0.02% | +0.02 |
| ULTA Ulta Beauty Inc. | New | 0.02% | +0.02 |
| APG Api Group Corp. | New | 0.02% | +0.02 |
| WDC Western Digital Corp. | New | 0.02% | +0.02 |
| BWXT BWX Technologies Inc. | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | New | 0.02% | +0.02 |
| ISRG Intuitive Surgical Inc. | New | 0.02% | +0.02 |
| TT Trane Technologies PLC | Add +3.0% | 0.08% | +0.02 |
| HLT Hilton Worldwide Holdings Inc. | Add +0.1% | 0.17% | +0.02 |
| FIXT TCW Core Plus Bond ETF | New | 0.02% | +0.02 |
| IYW iShares Ustechnology ETF | New | 0.02% | +0.02 |
| UAL United Airlines Holdings Inc. | New | 0.02% | +0.02 |
| VST Vistra Corp. | New | 0.02% | +0.02 |
| FVR Frontview REIT Inc. | New | 0.02% | +0.02 |
| JCI Johnson Controls Internation | Add +44.2% | 0.03% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.6% | 0.17% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +42.2% | 0.03% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +53.6% | 0.04% | +0.01 |
| BA The Boeing Co. | Add +13.4% | 0.05% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +6.8% | 1.11% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | Sold out | 35,000 | $34Kbefore 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 | 332 | $1.6B | ATO, PTLC, SPHQ, GSLC, QUS |
| Q1 2026 | 312 | $1.5B | ATO, PTLC, SPHQ, GSLC, QUS |
| Q4 2025 | 303 | $1.5B | ATO, PTLC, SPHQ, GSLC, QUS |
| Q3 2025 | 304 | $1.4B | ATO, PTLC, SPHQ, GSLC, QUS |
| Q2 2025 | 275 | $1.3B | ATO, SPHQ, PTLC, GSLC, QUS |
| Q1 2025 | 277 | $1.3B | ATO, IVV, SPHQ, GSLC, QUS |
| Q4 2024 | 266 | $1.3B | ATO, IVV, SPHQ, GSLC, QUS |
| Q3 2024 | 266 | $1.2B | ATO, IVV, SPHQ, GSLC, QUS |
| Q2 2024 | 265 | $1.1B | IVV, ATO, SPHQ, GSLC, QUS |
| Q1 2024 | 274 | $1.2B | IVV, ATO, SPHQ, GSLC, QUS |