Sfmg, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Sfmg, LLC reported 304 stock positions worth $1.4 billion. Its top holding was Atmos Energy (ATO) at 12.3% of the portfolio, followed by Pacer Trendpilot US Large Ca (PTLC, 8.9%) and Invesco S&P 500 Quality ETF (SPHQ, 8.4%). Compared with Q2 2025, it opened 35 new positions, sold out of 6, added to 151 and reduced 59. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001512026
- Portfolio Value
- $1.4B (Q3 2025)
- SEC Filing
- 0001512026-25-000009 ↗ filed Nov 13, 2025
Holdings Value
Holdings 304 stocks · $1.4B
| ATO Atmos Energy Corp. | 12.34% | 1,042,142 | $177.9M | Reduce -0.1% |
| PTLC Pacer Trendpilot US Large Ca | 8.94% | 2,353,536 | $128.9M | Add +4.7% |
| SPHQ Invesco S&P 500 Quality ETF | 8.39% | 1,651,542 | $121.0M | Add +1.3% |
| GSLC Goldman Activebeta US LC ETF | 7.39% | 817,660 | $106.5M | Add +0.8% |
| QUS SS SPDR MSCI U Stratfact ETF | 6.22% | 523,978 | $89.7M | Add +0.9% |
| MOAT Vaneck Morningstar Wide Moat | 4.34% | 631,116 | $62.5M | Add +2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.06% | 116,424 | $58.5M | Add +0.5% |
| AAPL Apple Inc. | 3.89% | 220,068 | $56.0M | Add +0.9% |
| COWZ Pacer US Cash Cows 100 ETF | 3.68% | 923,914 | $53.1M | Add +3.4% |
| IVV iShares Core S&P 500 ETF | 2.47% | 53,170 | $35.6M | Reduce -0.5% |
| MSFT Microsoft Corp. | 2.34% | 65,063 | $33.7M | Add +0.9% |
| NVDA Nvidia Corp. | 1.96% | 151,400 | $28.2M | Add +12.5% |
| AMZN Amazon.com Inc. | 1.57% | 103,326 | $22.7M | Add +4.5% |
| GOOG Alphabet Inc. Class C | 1.26% | 74,593 | $18.2M | Add +0.4% |
| JEPI JPMorgan Equity Premium Inco | 1.08% | 273,949 | $15.6M | Add +5.2% |
| SCHQ Schwab Long-Term US Treasury | 0.94% | 418,134 | $13.5M | Add +25.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 19,749 | $13.2M | Reduce -0.1% |
| RTX RTX Corp. | 0.84% | 72,677 | $12.2M | Add +0.4% |
| WMT Walmart Inc. | 0.84% | 117,119 | $12.1M | Add +2.9% |
| AMAT Applied Materials Inc. | 0.74% | 52,300 | $10.7M | Add +1.8% |
| AMD Advanced Micro Devices | 0.67% | 59,637 | $9.6M | Add +1.3% |
| TLT iShares 20+ Year Treasury BD | 0.53% | 85,163 | $7.6M | Reduce -21.8% |
| META Meta Platforms Inc. Class A | 0.53% | 10,316 | $7.6M | Reduce -1.7% |
| FDIF Fidelity Disruptors ETF | 0.52% | 211,653 | $7.5M | Add +9.0% |
| ARCC Ares Capital Corp. | 0.52% | 365,144 | $7.5M | Reduce -23.4% |
| V Visa Inc. Class A | 0.51% | 21,735 | $7.4M | Add +2.1% |
| VZ Verizon Communications Inc. | 0.50% | 165,444 | $7.3M | Add +69.1% |
| PANW Palo Alto Networks Inc. | 0.50% | 35,435 | $7.2M | Add +3.6% |
| SCHX Schwab US Large-Cap ETF | 0.47% | 257,404 | $6.8M | Reduce -5.9% |
| BXSL Blackstone Secured Lending F | 0.45% | 248,314 | $6.5M | Add +2.4% |
| COP Conocophillips | 0.45% | 68,223 | $6.5M | Add +1.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.45% | 10,749 | $6.5M | Add +0.7% |
| HON Honeywell International Inc. | 0.44% | 30,229 | $6.4M | Add +2.7% |
| BLK BlackRock Inc. | 0.44% | 5,456 | $6.4M | Add +1.5% |
| CSX CSX Corp. | 0.44% | 178,191 | $6.3M | Add +0.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.42% | 110,360 | $6.1M | Add +6.7% |
| IGV iShares Expanded Tech-Softwa | 0.42% | 53,118 | $6.1M | Add +1.5% |
| CRM Salesforce Inc. | 0.41% | 24,981 | $5.9M | Add +7.9% |
| ADBE Adobe Inc. | 0.41% | 16,614 | $5.9M | Add +20.4% |
| GOOGL Alphabet Inc. Class A | 0.38% | 22,455 | $5.5M | Add +1.9% |
| AVGO Broadcom Inc. | 0.37% | 15,992 | $5.3M | Reduce -7.3% |
| TSLA Tesla Inc. | 0.35% | 11,354 | $5.0M | Add +0.6% |
| QTEC First Trust Nasdq 100 Tech I | 0.35% | 21,958 | $5.0M | Reduce -0.1% |
| MDT Medtronic PLC | 0.34% | 50,814 | $4.8M | Add +2.7% |
| JPM JPMorgan Chase & Co. | 0.33% | 15,195 | $4.8M | Add +3.2% |
| TMO Thermo Fisher Scientific Inc. | 0.33% | 9,697 | $4.7M | Add +3.9% |
| FBTC Fidelity Wise Origin Bitcoin | 0.32% | 45,551 | $4.5M | Add +18.2% |
| MSDL Morgan Stanley Direct Lendin | 0.29% | 259,345 | $4.2M | Add +0.3% |
| VOO Vanguard S&P 500 ETF | 0.28% | 6,523 | $4.0M | Add +4.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.26% | 108,207 | $3.7M | Add +5.0% |
| GLD SPDR Gold Shares | 0.25% | 10,222 | $3.6M | Add +0.9% |
| ZTS Zoetis Inc. | 0.22% | 21,883 | $3.2M | Add +0.0% |
| CIBR First Trust Nasdaq Cybersecu | 0.22% | 41,789 | $3.2M | Add +3.1% |
| COST Costco Wholesale Corp. | 0.22% | 3,370 | $3.1M | Add +1.7% |
| DOC Healthpeak Properties Inc. | 0.20% | 152,122 | $2.9M | Add +4.2% |
| BALT Inn Defined Wealth Shield | 0.20% | 86,646 | $2.8M | Add +5.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 8,192 | $2.7M | Add +9.4% |
| WPC WP Carey Inc. | 0.18% | 38,498 | $2.6M | Add +0.7% |
| KMI Kinder Morgan Inc. | 0.18% | 90,438 | $2.6M | Reduce -4.0% |
| LULU Lululemon Athletica Inc. | 0.18% | 14,294 | $2.5M | Add +20.4% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.18% | 31,434 | $2.5M | No change |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 13,679 | $2.5M | Reduce -10.7% |
| JNJ Johnson & Johnson | 0.16% | 12,633 | $2.3M | Add +0.9% |
| XOM Exxon Mobil Corp. | 0.16% | 20,685 | $2.3M | Add +1.6% |
| NFLX Netflix Inc. | 0.16% | 1,897 | $2.3M | Reduce -29.3% |
| LLY Eli Lilly & Co. | 0.16% | 2,975 | $2.3M | Add +2.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.16% | 3 | $2.3M | Reduce -25.0% |
| HGV Hilton Grand Vacations Inc. | 0.15% | 52,355 | $2.2M | Add +20.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.15% | 8,269 | $2.1M | Reduce -0.0% |
| XLV SS Health Care Select Sector | 0.15% | 15,380 | $2.1M | Reduce -0.1% |
| DVN Devon Energy Corp. | 0.14% | 58,948 | $2.1M | Add +0.9% |
| MCK McKesson Corp. | 0.14% | 2,625 | $2.0M | Reduce -1.2% |
| XDSQ Innovator US Eqy Accl-Quart | 0.13% | 48,109 | $1.9M | Reduce -5.6% |
| PAPR Innovator U.S. Equity Power | 0.13% | 49,693 | $1.9M | No change |
| BX Blackstone Inc. | 0.13% | 11,062 | $1.9M | Add +0.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.12% | 4,555 | $1.8M | Reduce -1.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.12% | 16,784 | $1.8M | New |
| HD Home Depot Inc. | 0.12% | 4,321 | $1.8M | Add +1.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.12% | 33,902 | $1.7M | Add +193.3% |
| GRNT Granite Ridge Resources Inc. | 0.12% | 310,606 | $1.7M | No change |
| IWF iShares Russell 1000 Growth | 0.12% | 3,583 | $1.7M | Add +163.1% |
| LUV Southwest Airlines Co. | 0.11% | 51,833 | $1.7M | Add +0.5% |
| J Jacobs Solutions Inc. | 0.11% | 11,036 | $1.7M | Add +0.3% |
| ETN Eaton Corp. PLC | 0.11% | 4,300 | $1.6M | Add +2.4% |
| CSCO Cisco Systems Inc. | 0.11% | 23,220 | $1.6M | Reduce -2.7% |
| MCD McDonald's Corp. | 0.10% | 4,757 | $1.4M | Add +0.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.10% | 11,795 | $1.4M | Reduce -7.1% |
| KLAC KLA Corp. | 0.10% | 1,287 | $1.4M | Add +12.9% |
| SMH Vaneck Semiconductor ETF | 0.10% | 4,217 | $1.4M | Add +23.2% |
| SHW The Sherwin-Williams Co. | 0.09% | 3,922 | $1.4M | Add +1.8% |
| LOW Lowe's Cos Inc. | 0.09% | 5,341 | $1.3M | Add +3.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 4,667 | $1.3M | No change |
| ABBV Abbvie Inc. | 0.09% | 5,673 | $1.3M | Add +0.4% |
| PG The Procter & Gamble Co. | 0.09% | 8,498 | $1.3M | Add +2.2% |
| DIVO Amplify CWP Enhan Divid ETF | 0.09% | 29,070 | $1.3M | Add +4.0% |
| APO Apollo Global Management Inc. | 0.09% | 9,614 | $1.3M | Add +31.8% |
| DRI Darden Restaurants Inc. | 0.09% | 6,626 | $1.3M | Reduce -1.4% |
| CVX Chevron Corp. | 0.08% | 7,720 | $1.2M | Add +8.6% |
| PEP Pepsico Inc. | 0.08% | 8,083 | $1.1M | Add +28.5% |
| ITA iShares U.S. Aerospace & Def | 0.08% | 5,423 | $1.1M | Add +20.1% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $239K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 10,129 | $118K | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 35,000 | $99K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 23,000 | $23K | No change |
Total filed on the 13F, all lines: $1.4B.
Portfolio Sells Q2 2025 → Q3 2025
| SGOV iShares 0-3 Month Treasury B | Reduce -95.8% | 0.05% | −1.19 |
| ARCC Ares Capital Corp. | Reduce -23.4% | 0.52% | −0.27 |
| TLT iShares 20+ Year Treasury BD | Reduce -21.8% | 0.53% | −0.19 |
| FIW First Trust Water ETF | Sold out | 0.00% | −0.13 |
| NFLX Netflix Inc. | Reduce -29.3% | 0.16% | −0.11 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -25.0% | 0.16% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -1.7% | 0.53% | −0.06 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.03 |
| SCHX Schwab US Large-Cap ETF | Reduce -5.9% | 0.47% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -1.7% | 0.12% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -4.0% | 0.18% | −0.03 |
| DRI Darden Restaurants Inc. | Reduce -1.4% | 0.09% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -0.5% | 2.47% | −0.02 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.02 |
| JKHY Jack Henry & Associates Inc. | Sold out | 0.00% | −0.02 |
| FSK FS KKR Capital Corp. | Sold out | 0.00% | −0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -14.8% | 0.07% | −0.02 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.02 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -0.0% | 0.15% | −0.02 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -7.1% | 0.10% | −0.02 |
| IRT Independence Realty Trust Inc. | Reduce -45.8% | 0.01% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -2.7% | 0.11% | −0.01 |
| PM Philip Morris International | Reduce -0.3% | 0.06% | −0.01 |
| STEL Stellar Bancorp Inc. | Reduce -18.3% | 0.06% | −0.01 |
| XDSQ Innovator US Eqy Accl-Quart | Reduce -5.6% | 0.13% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -0.0% | 0.06% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.1% | 0.08% | −0.01 |
| ABT Abbott Laboratories | Reduce -8.3% | 0.04% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -0.1% | 0.15% | −0.01 |
| BLDR Builders Firstsource Inc. | Reduce -18.6% | 0.03% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -18.8% | 0.02% | −0.01 |
| WMB Williams Cos Inc. | Reduce -1.8% | 0.07% | −0.01 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -3.7% | 0.05% | −0.01 |
| TPL Texas Pacific Land Corp. | Reduce -8.8% | 0.02% | −0.01 |
| MCK McKesson Corp. | Reduce -1.2% | 0.14% | −0.01 |
| NOW ServiceNow Inc. | Reduce -12.2% | 0.01% | −0.01 |
| T AT&T Inc. | Reduce -0.2% | 0.04% | −0.00 |
| FTEC Fidelity MSCI Info Tech Indx | Reduce -14.0% | 0.04% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 0.91% | −0.00 |
| BOOT Boot Barn Holdings Inc. | Reduce -18.2% | 0.02% | −0.00 |
| PYPL PayPal Holdings Inc. | Reduce -2.3% | 0.01% | −0.00 |
| SO The Southern Co. | Reduce -2.1% | 0.04% | −0.00 |
| IP International Paper Co. | Reduce -1.9% | 0.02% | −0.00 |
| UNP Union Pacific Corp. | Reduce -1.3% | 0.04% | −0.00 |
| SYK Stryker Corp. | Reduce -0.2% | 0.02% | −0.00 |
| UBER Uber Technologies Inc. | Reduce -2.3% | 0.04% | −0.00 |
| VST Vistra Corp. | Reduce -5.5% | 0.01% | −0.00 |
| QTEC First Trust Nasdq 100 Tech I | Reduce -0.1% | 0.35% | −0.00 |
| CLX Clorox Company | Reduce -3.2% | 0.02% | −0.00 |
| JCI Johnson Controls Internation | Reduce -0.0% | 0.03% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.9% | 3.89% | +0.53 |
| PTLC Pacer Trendpilot US Large Ca | Add +4.7% | 8.94% | +0.37 |
| NVDA Nvidia Corp. | Add +12.5% | 1.96% | +0.36 |
| GOOG Alphabet Inc. Class C | Add +0.4% | 1.26% | +0.27 |
| VZ Verizon Communications Inc. | Add +69.1% | 0.50% | +0.19 |
| SCHQ Schwab Long-Term US Treasury | Add +25.5% | 0.94% | +0.14 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.12% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +1.9% | 0.38% | +0.09 |
| TSLA Tesla Inc. | Add +0.6% | 0.35% | +0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +193.3% | 0.12% | +0.08 |
| IWF iShares Russell 1000 Growth | Add +163.1% | 0.12% | +0.07 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.06% | +0.06 |
| IVLU iShares MSCI International V | New | 0.05% | +0.05 |
| RTX RTX Corp. | Add +0.4% | 0.84% | +0.05 |
| CRWV Coreweave Inc. Class A | New | 0.05% | +0.05 |
| FBTC Fidelity Wise Origin Bitcoin | Add +18.2% | 0.32% | +0.04 |
| EXE Expand Energy Corp. | New | 0.04% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +3.9% | 0.33% | +0.04 |
| AMD Advanced Micro Devices | Add +1.3% | 0.67% | +0.04 |
| SCHE Schwab Emrg Mrkts Eqty ETF | New | 0.04% | +0.04 |
| AMAT Applied Materials Inc. | Add +1.8% | 0.74% | +0.04 |
| MU Micron Technology Inc. | New | 0.03% | +0.03 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.03% | +0.03 |
| MA Mastercard Inc. Class A | New | 0.03% | +0.03 |
| MS Morgan Stanley | New | 0.03% | +0.03 |
| FDIF Fidelity Disruptors ETF | Add +9.0% | 0.52% | +0.03 |
| IDXX Idexx Laboratories Inc. | New | 0.03% | +0.03 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Add +85.8% | 0.05% | +0.03 |
| HYT BlackRock Corp. Hi YLD | New | 0.03% | +0.03 |
| MELI MercadoLibre Inc. | New | 0.03% | +0.03 |
| SMH Vaneck Semiconductor ETF | Add +23.2% | 0.10% | +0.02 |
| STX Seagate Technology Holdings | Add +1.5% | 0.07% | +0.02 |
| PH Parker Hannifin Corp. | New | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | New | 0.02% | +0.02 |
| SUN Sunoco LP | New | 0.02% | +0.02 |
| WDEF WT Europe Defensed FD | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | Add +0.9% | 0.25% | +0.02 |
| IGRO iShares Intl Div Growth ETF | New | 0.02% | +0.02 |
| KLAC KLA Corp. | Add +12.9% | 0.10% | +0.02 |
| JNJ Johnson & Johnson | Add +0.9% | 0.16% | +0.02 |
| ACWV iShares MSCI Global Min Vol | New | 0.02% | +0.02 |
| FIX Comfort Systems USA Inc. | New | 0.02% | +0.02 |
| SHOP Shopify Inc. Class A | New | 0.02% | +0.02 |
| BLK BlackRock Inc. | Add +1.5% | 0.44% | +0.02 |
| VIGI Vanguard Int Div App Indx FD | New | 0.02% | +0.02 |
| PSX Phillips 66 | New | 0.02% | +0.02 |
| HGV Hilton Grand Vacations Inc. | Add +20.6% | 0.15% | +0.02 |
| ROAD Construction Partners Inc. Class A | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | Add +28.5% | 0.08% | +0.02 |
| PRU Prudential Financial Inc. | New | 0.02% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | Sold out | 28,000 | $45Kbefore exit |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | Sold out | 24,000 | $24Kbefore 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 |