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

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 Q1 2025 Q2 2025: $1.3B $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 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%
KLAC KLA Corp. 0.08% 1,140 $1.0M Reduce -0.3%
CVX Chevron Corp. 0.08% 7,109 $1.0M Reduce -25.5%
PAYX Paychex Inc. 0.08% 6,957 $1.0M Reduce -0.1%
WMB Williams Cos Inc. 0.08% 16,008 $1.0M Reduce -4.9%
PM Philip Morris International 0.08% 5,506 $1.0M Reduce -4.0%
ITOT iShares Core S&P Total U.S. 0.07% 7,343 $992K Add +0.1%
ACWI iShares MSCI Acwi ETF 0.07% 7,592 $976K No change
SMH Vaneck Semiconductor ETF 0.07% 3,422 $954K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 7,690 $950K Reduce -7.9%
ADP Automatic Data Processing 0.07% 3,048 $940K Reduce -0.2%
STEL Stellar Bancorp Inc. 0.07% 33,223 $930K Add +0.0%
SSB Southstate Bank Corp. 0.07% 9,855 $907K Add +0.1%
MRSH Marsh & McLennan Cos 0.06% 3,952 $864K Reduce -2.1%
ITA iShares U.S. Aerospace & Def 0.06% 4,514 $852K No change
DLR Digital Realty Trust Inc. 0.06% 4,812 $839K Add +0.2%
PEP Pepsico Inc. 0.06% 6,291 $831K Reduce -12.0%
SPHD Invesco S&P 500 High Dividen 0.06% 17,011 $809K No change
DE Deere & Co. 0.06% 1,511 $768K Add +1.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.06% 1,713 $751K Add +3.6%
KO The Coca-Cola Co. 0.06% 10,609 $751K Reduce -16.0%
SHV iShares 0-1 Year Treasury Bo 0.05% 6,544 $723K New
ET Energy Transfer LP 0.05% 38,889 $705K Add +0.1%
BA The Boeing Co. 0.05% 3,355 $703K Add +13.4%
DFUS Dimensional US Eq MKT ETF 0.05% 10,178 $682K Reduce -1.1%
FNDB Schwab Fndmntl US BRD Mr ETF 0.05% 27,996 $671K No change
LNG Cheniere Energy Inc. 0.05% 2,728 $664K Add +0.9%
HACK Amplify Cybersecurity ETF 0.05% 7,673 $663K Reduce -8.4%
T AT&T Inc. 0.05% 22,227 $643K Reduce -8.6%
ACN Accenture PLC Class A 0.05% 2,144 $641K Reduce -1.7%
DAR Darling Ingredients Inc. 0.05% 16,695 $633K New
IAK iShares U.S. Insurance ETF 0.05% 4,705 $633K No change
ORCL Oracle Corp. 0.05% 2,841 $621K Add +55.8%
ABT Abbott Laboratories 0.05% 4,423 $602K Add +0.2%
FTEC Fidelity MSCI Info Tech Indx 0.04% 3,000 $592K Add +3.2%
CAT Caterpillar Inc. 0.04% 1,501 $583K Reduce -13.5%
STX Seagate Technology Holdings 0.04% 4,026 $581K No change
SO The Southern Co. 0.04% 6,309 $579K Reduce -6.2%
IWF iShares Russell 1000 Growth 0.04% 1,362 $578K No change
SCHW Schwab (charles) Corp. 0.04% 6,326 $577K Add +0.5%
MLM Martin Marietta Materials 0.04% 1,037 $569K Add +1.3%
VTEB Vanguard Tax-Exempt Bond ETF 0.04% 11,558 $567K Add +53.6%
USMV iShares MSCI USA Min Vol Fac 0.04% 5,923 $556K Add +1.5%
XRLV Invesco S&P 500 Ex-Rate Sens 0.04% 10,043 $553K No change
ADI Analog Devices Inc. 0.04% 2,307 $549K Add +0.3%
TRGP Targa Resources Corp. 0.04% 3,131 $545K No change
UNH Unitedhealth Group Inc. 0.04% 1,731 $540K Add +5.5%
VIG Vanguard Dividend Apprec ETF 0.04% 2,636 $539K No change
GE General Electric filed as GE AEROSPACE 0.04% 2,094 $539K Add +0.3%
UNP Union Pacific Corp. 0.04% 2,327 $535K Reduce -0.2%
LMT Lockheed Martin Corp. 0.04% 1,153 $534K Reduce -16.0%
UBER Uber Technologies Inc. 0.04% 5,688 $531K Add +0.3%
XEL Xcel Energy Inc. 0.04% 7,675 $523K No change
MSI Motorola Solutions Inc. 0.04% 1,243 $523K Add +0.3%
CME Cme Group Inc. 0.04% 1,893 $522K Add +0.3%
IVW iShares S&P 500 Growth ETF 0.04% 4,738 $522K Add +5.5%
IWR iShares Russell Mid-Cap ETF 0.04% 5,637 $518K No change
WELL Welltower Inc. 0.04% 3,289 $506K Reduce -1.6%
EPD Enterprise Products Partners 0.04% 15,911 $493K Reduce -24.4%
DELL Dell Technologies -C 0.04% 3,913 $480K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 3,864 $479K Add +13.1%
OKE Oneok Inc. 0.04% 5,815 $475K Reduce -22.1%
VGT Vanguard Info Tech ETF 0.04% 712 $472K No change
GBTC Grayscale Bitcoin Trust ETF 0.03% 5,382 $457K No change
STZ Constellation Brands Inc. Class A 0.03% 2,803 $456K Add +1.9%
PNOV Innovator U.S. Equity Power 0.03% 11,326 $448K No change
PLBY Playboy Inc. 0.03% 275,000 $446K Reduce -33.1%
JCI Johnson Controls Internation 0.03% 4,200 $444K Add +44.2%
AMGN Amgen Inc. 0.03% 1,571 $439K Reduce -30.8%
BLDR Builders Firstsource Inc. 0.03% 3,753 $438K Reduce -3.5%
CBRE CBRE Group Inc. Class A 0.03% 3,072 $430K Reduce -93.2%
DKS Dick's Sporting Goods Inc. 0.03% 2,175 $430K No change
IEFA iShares Core MSCI Eafe ETF 0.03% 5,080 $424K Reduce -26.4%
ASML ASML Holding NV-NY Reg SHS 0.03% 527 $422K No change
MSCI MSCI Inc. 0.03% 725 $418K Reduce -0.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 2,340 $414K Add +22.6%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.03% 8,905 $412K Add +11.4%
CMI Cummins Inc. 0.03% 1,240 $406K Reduce -5.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 8,413 $398K Reduce -21.5%
TSM Taiwan Semiconductor-SP ADR 0.03% 1,752 $397K Add +42.2%
LH Labcorp Holdings Inc. 0.03% 1,511 $397K Add +0.1%
NOC Northrop Grumman Corp. 0.03% 792 $396K Add +10.3%
AXP American Express Co. 0.03% 1,237 $395K Add +0.1%
RSPG Invesco S&P 500 Equal Weight 0.03% 5,208 $388K Reduce -5.0%
NEE Nextera Energy Inc. 0.03% 5,488 $381K Add +2.4%
CB Chubb Ltd. 0.03% 1,301 $377K Reduce -1.4%
MO Altria Group Inc. 0.03% 6,397 $375K Reduce -25.0%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 723 $368K Add +2.4%
IRT Independence Realty Trust Inc. 0.03% 20,532 $363K Add +0.4%
RSP Invesco S&P 500 Equal Weight 0.03% 1,975 $359K Add +61.2%
IOO iShares Global 100 ETF 0.03% 3,272 $353K Add +0.7%
VGSH Vanguard Short-Term Treasury 0.03% 5,987 $352K No change
HDV iShares Core High Dividend E 0.03% 2,986 $350K Add +12.1%
SCHA Schwab US Small-Cap ETF 0.03% 13,309 $337K Add +0.5%
NLR Vaneck Urani & Nuclr ETF-Usd 0.03% 3,013 $335K Reduce -3.5%
CRK Comstock Resources Inc. 0.03% 12,030 $333K No change
IP International Paper Co. 0.03% 7,104 $333K Add +0.0%
VLO Valero Energy Corp. 0.02% 2,424 $326K Reduce -0.3%
ISRA Vaneck Israel ETF 0.02% 6,271 $325K No change
MTDR Matador Resources Co. 0.02% 6,794 $324K Add +17.3%
MPC Marathon Petroleum Corp. 0.02% 1,927 $320K Add +0.5%
DHR Danaher Corp. 0.02% 1,611 $318K Reduce -0.7%
DKNG Draftkings Inc. Class A 0.02% 7,400 $317K Add +0.2%
HCA HCA Healthcare Inc. 0.02% 828 $317K No change
SGOL Abrdn Physical Gold Shares 0.02% 10,000 $315K No change
ITW Illinois Tool Works 0.02% 1,276 $315K Reduce -0.8%
ICE Intercontinental Exchange Inc. 0.02% 1,696 $311K Add +1.7%
HLI Houlihan Lokey Inc. 0.02% 1,716 $309K Add +0.3%
PFF iShares Preferred & Income S 0.02% 9,942 $305K Add +1.0%
GEV GE Vernova Inc. 0.02% 576 $305K New
D Dominion Energy Inc. 0.02% 5,350 $302K Reduce -0.2%
ORI Old Republic Intl Corp. 0.02% 7,793 $300K No change
TPL Texas Pacific Land Corp. 0.02% 283 $299K Reduce -8.1%
SMCI Super Micro Computer Inc. 0.02% 6,028 $295K Reduce -77.4%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.02% 1,300 $292K No change
ENB Enbridge Inc. 0.02% 6,353 $288K No change
NDAQ Nasdaq Inc. 0.02% 3,211 $287K Add +0.0%
EOG EOG Resources Inc. 0.02% 2,308 $276K Reduce -9.4%
BFAM Bright Horizons Family Solut 0.02% 2,226 $275K No change
AMTM Amentum Holdings Inc. 0.02% 11,652 $275K Add +6.1%
QCOM Qualcomm Inc. 0.02% 1,710 $272K Add +1.5%
SMMD iShares Russell 2500 ETF 0.02% 3,997 $271K Add +12.5%
BOOT Boot Barn Holdings Inc. 0.02% 1,755 $267K New
BLOK Amplify Blockchain Tech ETF 0.02% 4,650 $266K New
SFM Sprouts Farmers Market Inc. 0.02% 1,606 $264K No change
NOW ServiceNow Inc. 0.02% 255 $262K Reduce -5.6%
ULTA Ulta Beauty Inc. 0.02% 559 $262K New
TRV The Travelers Cos Inc. 0.02% 970 $259K No change
WDC Western Digital Corp. 0.02% 4,021 $257K New
APG Api Group Corp. 0.02% 5,036 $257K New
FTNT Fortinet Inc. 0.02% 2,401 $254K Add +8.0%
ISTB iShares Core 1-5 Year Usd Bo 0.02% 5,210 $253K Add +4.7%
IJR iShares Core S&P Small-Cap E 0.02% 2,302 $252K Reduce -1.1%
APD Air Products & Chemicals Inc. 0.02% 881 $248K Reduce -1.8%
CLX Clorox Company 0.02% 2,055 $247K Reduce -26.1%
PYPL PayPal Holdings Inc. 0.02% 3,279 $244K Add +0.9%
SYK Stryker Corp. 0.02% 609 $241K Add +10.1%
CTRA Coterra Energy Inc. 0.02% 9,474 $240K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.02% 1,322 $238K Add +2.2%
O Realty Income Corp. 0.02% 4,112 $237K Add +0.7%
BWXT BWX Technologies Inc. 0.02% 1,638 $236K New
FSK FS KKR Capital Corp. 0.02% 11,325 $235K Reduce -18.5%
GLW Corning Inc. 0.02% 4,407 $232K Reduce -2.9%
AMLP Alerian MLP ETF 0.02% 4,725 $231K No change
ISRG Intuitive Surgical Inc. 0.02% 420 $228K New
GS Goldman Sachs Group Inc. 0.02% 321 $227K New
WST West Pharmaceutical Services 0.02% 1,037 $227K No change
SHEL Shell PLC-ADR 0.02% 3,083 $217K Add +0.9%
FIXT TCW Core Plus Bond ETF 0.02% 5,667 $216K New
UAL United Airlines Holdings Inc. 0.02% 2,665 $212K New
VST Vistra Corp. 0.02% 1,094 $212K New
IYW iShares Ustechnology ETF 0.02% 1,220 $211K New
AZN Astrazeneca PLC-Spons ADR 0.02% 2,999 $210K Reduce -2.8%
FVR Frontview REIT Inc. 0.02% 17,200 $206K New
DHT DHT Holdings Inc. 0.02% 19,015 $206K No change
XLK SS Technology Select Sector 0.02% 810 $205K Reduce -49.7%
ORLY O'reilly Automotive Inc. 0.02% 2,275 $205K Reduce -13.8%
UPS United Parcel Service Class B 0.02% 2,016 $203K Reduce -4.8%
ED Consolidated Edison Inc. 0.02% 2,010 $202K Reduce -0.5%
KOS Kosmos Energy Ltd. 0.01% 93,480 $161K No change
NZF Nuveen Municipal Credit Inc. 0.01% 12,680 $151K No change
NAD Nuveen Quality Municipal Inc. 0.01% 12,709 $143K No change
XMYDX BlackRock Muniyield Fund 0.01% 14,213 $143K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.01% 13,049 $142K No change
MYI BlackRock Muniyield QLTY III 0.01% 13,526 $142K No change
MUE BlackRock Munihold QLT FD II 0.01% 14,312 $137K No change
XMVFX BlackRock Munivest Fund 0.01% 20,753 $137K No change
MHD BlackRock Muniholdings Fund 0.01% 12,093 $135K No change
EWTX Edgewise Therapeutics Inc. 0.01% 10,000 $131K No change
SLDB Solid Biosciences Inc. 0.01% 25,031 $122K No change
SOUN Soundhound AI Inc. Class A 0.01% 10,000 $107K No change
VLY Valley National Bancorp 0.01% 10,156 $91K No change
ACTU Actuate Therapeutics Inc. 0.01% 14,550 $89K Add +32.3%
EOSE Eos Energy Enterprises Inc. 0.00% 10,084 $52K New
CRON Cronos Group Inc. 0.00% 17,622 $34K No change
TLRY Tilray Brands Inc. 0.00% 33,854 $14K No change
Other holdings (5): bonds, preferreds, convertibles and warrants · $299K (not counted above)
SecurityClassShares / PrincipalValueChange
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 10,129$110KNo change
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 35,000$97KNo change
PARSONS CORP (PSN 0.25 08/15/25) NOTE 0.250% 8/1 · principal 28,000$45KNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 23,000$24KNo change
PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) NOTE 0.750% 8/0 · principal 24,000$24KNo 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

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