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

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 Q2 2025 Q3 2025: $1.4B $1.4B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

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%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.08% 7,778 $1.1M Add +1.1%
CI The Cigna Group 0.08% 3,864 $1.1M Add +0.1%
ITOT iShares Core S&P Total U.S. 0.08% 7,519 $1.1M Add +2.4%
BMY Bristol-Myers Squibb Co. 0.08% 24,238 $1.1M Reduce -0.1%
KMB Kimberly-Clark Corp. 0.07% 8,578 $1.1M No change
ACWI iShares MSCI Acwi ETF 0.07% 7,592 $1.0M No change
TXN Texas Instruments Inc. 0.07% 5,579 $1.0M Add +9.8%
TT Trane Technologies PLC 0.07% 2,411 $1.0M No change
WMB Williams Cos Inc. 0.07% 15,722 $996K Reduce -1.8%
SSB Southstate Bank Corp. 0.07% 9,868 $976K Add +0.1%
STX Seagate Technology Holdings 0.07% 4,085 $964K Add +1.5%
BIL SS SPDR BB 1-3M T-Bill ETF 0.07% 10,229 $939K Reduce -14.8%
ADP Automatic Data Processing 0.06% 3,048 $895K No change
PM Philip Morris International 0.06% 5,492 $891K Reduce -0.3%
PAYX Paychex Inc. 0.06% 6,957 $882K No change
HACK Amplify Cybersecurity ETF 0.06% 9,941 $863K Add +29.6%
SPYV SS SPDR P S&P 500 Value ETF 0.06% 15,479 $856K New
SPHD Invesco S&P 500 High Dividen 0.06% 17,011 $841K No change
DLR Digital Realty Trust Inc. 0.06% 4,823 $834K Add +0.2%
STEL Stellar Bancorp Inc. 0.06% 27,150 $824K Reduce -18.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.06% 1,713 $822K No change
ORCL Oracle Corp. 0.06% 2,916 $820K Add +2.6%
MRSH Marsh & McLennan Cos 0.06% 3,951 $796K Reduce -0.0%
LNG Cheniere Energy Inc. 0.05% 3,255 $765K Add +19.3%
NLR Vaneck Urani & Nuclr ETF-Usd 0.05% 5,598 $759K Add +85.8%
BA The Boeing Co. 0.05% 3,492 $754K Add +4.1%
IVLU iShares MSCI International V 0.05% 21,083 $748K New
DFUS Dimensional US Eq MKT ETF 0.05% 10,180 $737K Add +0.0%
UNH Unitedhealth Group Inc. 0.05% 2,132 $736K Add +23.2%
ET Energy Transfer LP 0.05% 42,512 $730K Add +9.3%
CAT Caterpillar Inc. 0.05% 1,528 $729K Add +1.8%
IAK iShares U.S. Insurance ETF 0.05% 5,395 $723K Add +14.7%
FNDB Schwab Fndmntl US BRD Mr ETF 0.05% 27,996 $721K No change
KO The Coca-Cola Co. 0.05% 10,631 $705K Add +0.2%
OKE Oneok Inc. 0.05% 9,570 $698K Add +64.6%
DE Deere & Co. 0.05% 1,525 $697K Add +0.9%
SHV iShares 0-1 Year Treasury Bo 0.05% 6,299 $696K Reduce -3.7%
SGOV iShares 0-3 Month Treasury B 0.05% 6,837 $688K Reduce -95.8%
CRWV Coreweave Inc. Class A 0.05% 4,920 $673K New
GE General Electric filed as GE AEROSPACE 0.05% 2,191 $659K Add +4.6%
TSM Taiwan Semiconductor-SP ADR 0.05% 2,349 $656K Add +34.1%
DELL Dell Technologies -C 0.05% 4,622 $655K Add +18.1%
MLM Martin Marietta Materials 0.05% 1,037 $654K No change
MSCI MSCI Inc. 0.04% 1,125 $638K Add +55.2%
T AT&T Inc. 0.04% 22,179 $626K Reduce -0.2%
SCHW Schwab (charles) Corp. 0.04% 6,528 $623K Add +3.2%
EXE Expand Energy Corp. 0.04% 5,833 $620K New
XEL Xcel Energy Inc. 0.04% 7,675 $619K No change
ACN Accenture PLC Class A 0.04% 2,501 $617K Add +16.6%
WELL Welltower Inc. 0.04% 3,328 $593K Add +1.2%
SO The Southern Co. 0.04% 6,174 $585K Reduce -2.1%
ADI Analog Devices Inc. 0.04% 2,378 $584K Add +3.1%
IVW iShares S&P 500 Growth ETF 0.04% 4,815 $581K Add +1.6%
LMT Lockheed Martin Corp. 0.04% 1,154 $576K Add +0.1%
FTEC Fidelity MSCI Info Tech Indx 0.04% 2,580 $573K Reduce -14.0%
VIG Vanguard Dividend Apprec ETF 0.04% 2,640 $570K Add +0.1%
USMV iShares MSCI USA Min Vol Fac 0.04% 5,985 $569K Add +1.1%
MSI Motorola Solutions Inc. 0.04% 1,243 $568K No change
EPD Enterprise Products Partners 0.04% 18,097 $566K Add +13.7%
XRLV Invesco S&P 500 Ex-Rate Sens 0.04% 10,043 $558K No change
VGT Vanguard Info Tech ETF 0.04% 732 $547K Add +2.8%
DKS Dick's Sporting Goods Inc. 0.04% 2,450 $544K Add +12.6%
UBER Uber Technologies Inc. 0.04% 5,556 $544K Reduce -2.3%
IWR iShares Russell Mid-Cap ETF 0.04% 5,637 $544K No change
ABT Abbott Laboratories 0.04% 4,054 $543K Reduce -8.3%
UNP Union Pacific Corp. 0.04% 2,296 $543K Reduce -1.3%
SCHE Schwab Emrg Mrkts Eqty ETF 0.04% 15,847 $529K New
TRGP Targa Resources Corp. 0.04% 3,131 $525K No change
CMI Cummins Inc. 0.04% 1,239 $523K Reduce -0.1%
DAR Darling Ingredients Inc. 0.04% 16,695 $515K No change
CME Cme Group Inc. 0.04% 1,905 $515K Add +0.6%
ASML ASML Holding NV-NY Reg SHS 0.04% 522 $505K Reduce -0.9%
IEFA iShares Core MSCI Eafe ETF 0.04% 5,777 $504K Add +13.7%
GEV GE Vernova Inc. 0.03% 813 $500K Add +41.1%
MU Micron Technology Inc. 0.03% 2,986 $500K New
QQQM Invesco Nasdaq 100 ETF 0.03% 2,005 $496K New
CBRE CBRE Group Inc. Class A 0.03% 3,072 $484K No change
NOC Northrop Grumman Corp. 0.03% 793 $483K Add +0.1%
WDC Western Digital Corp. 0.03% 4,025 $483K Add +0.1%
MA Mastercard Inc. Class A 0.03% 845 $481K New
MS Morgan Stanley 0.03% 3,021 $480K New
PNOV Innovator U.S. Equity Power 0.03% 11,326 $465K No change
JCI Johnson Controls Internation 0.03% 4,199 $462K Reduce -0.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 3,990 $457K Add +3.3%
ORLY O'reilly Automotive Inc. 0.03% 4,175 $450K Add +83.5%
ISRG Intuitive Surgical Inc. 0.03% 1,006 $450K Add +139.5%
AMGN Amgen Inc. 0.03% 1,571 $443K No change
PLBY Playboy Inc. 0.03% 300,000 $441K Add +9.1%
NEE Nextera Energy Inc. 0.03% 5,765 $435K Add +5.0%
ENB Enbridge Inc. 0.03% 8,618 $435K Add +35.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 8,429 $435K Add +0.2%
LH Labcorp Holdings Inc. 0.03% 1,497 $430K Reduce -0.9%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.03% 9,169 $428K Add +3.0%
MO Altria Group Inc. 0.03% 6,454 $426K Add +0.9%
AXP American Express Co. 0.03% 1,271 $422K Add +2.8%
RSPG Invesco S&P 500 Equal Weight 0.03% 5,200 $414K Reduce -0.1%
VLO Valero Energy Corp. 0.03% 2,424 $413K No change
STZ Constellation Brands Inc. Class A 0.03% 3,030 $408K Add +8.1%
IDXX Idexx Laboratories Inc. 0.03% 622 $398K New
IOO iShares Global 100 ETF 0.03% 3,272 $393K No change
GLW Corning Inc. 0.03% 4,738 $389K Add +7.5%
RSP Invesco S&P 500 Equal Weight 0.03% 2,019 $383K Add +2.2%
HYT BlackRock Corp. Hi YLD 0.03% 40,000 $380K New
CRWD CrowdStrike Holdings Inc. Class A 0.03% 768 $377K Add +6.2%
SCHA Schwab US Small-Cap ETF 0.03% 13,350 $372K Add +0.3%
MPC Marathon Petroleum Corp. 0.03% 1,925 $371K Reduce -0.1%
BLDR Builders Firstsource Inc. 0.03% 3,053 $370K Reduce -18.6%
MELI MercadoLibre Inc. 0.03% 158 $370K New
CB Chubb Ltd. 0.03% 1,309 $370K Add +0.6%
SGOL Abrdn Physical Gold Shares 0.03% 10,000 $368K No change
HDV iShares Core High Dividend E 0.03% 3,004 $368K Add +0.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 1,900 $354K Reduce -18.8%
HCA HCA Healthcare Inc. 0.02% 828 $353K No change
VGSH Vanguard Short-Term Treasury 0.02% 5,987 $352K No change
HLI Houlihan Lokey Inc. 0.02% 1,716 $352K No change
ISRA Vaneck Israel ETF 0.02% 6,271 $342K No change
SMMD iShares Russell 2500 ETF 0.02% 4,624 $341K Add +15.7%
DHR Danaher Corp. 0.02% 1,680 $333K Add +4.3%
ITW Illinois Tool Works 0.02% 1,276 $333K No change
ORI Old Republic Intl Corp. 0.02% 7,793 $331K No change
D Dominion Energy Inc. 0.02% 5,350 $327K No change
ICE Intercontinental Exchange Inc. 0.02% 1,933 $326K Add +14.0%
IP International Paper Co. 0.02% 6,966 $323K Reduce -1.9%
PFF iShares Preferred & Income S 0.02% 10,036 $317K Add +0.9%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.02% 1,300 $317K No change
WFC Wells Fargo & Co. 0.02% 3,718 $312K New
ULTA Ulta Beauty Inc. 0.02% 569 $311K Add +1.8%
PH Parker Hannifin Corp. 0.02% 410 $311K New
SUN Sunoco LP 0.02% 6,200 $310K New
MTDR Matador Resources Co. 0.02% 6,794 $305K No change
BWXT BWX Technologies Inc. 0.02% 1,652 $305K Add +0.8%
WDEF WT Europe Defensed FD 0.02% 8,769 $295K New
SMCI Super Micro Computer Inc. 0.02% 6,119 $293K Add +1.5%
BLOK Amplify Blockchain Tech ETF 0.02% 4,324 $290K Reduce -7.0%
IGRO iShares Intl Div Growth ETF 0.02% 3,622 $289K New
NDAQ Nasdaq Inc. 0.02% 3,228 $285K Add +0.5%
QCOM Qualcomm Inc. 0.02% 1,707 $284K Reduce -0.2%
AMTM Amentum Holdings Inc. 0.02% 11,652 $279K No change
DKNG Draftkings Inc. Class A 0.02% 7,400 $277K No change
IJR iShares Core S&P Small-Cap E 0.02% 2,306 $274K Add +0.2%
TRV The Travelers Cos Inc. 0.02% 977 $273K Add +0.7%
ACWV iShares MSCI Global Min Vol 0.02% 2,191 $263K New
APG Api Group Corp. 0.02% 7,554 $260K No change
FIX Comfort Systems USA Inc. 0.02% 314 $259K New
EOG EOG Resources Inc. 0.02% 2,308 $259K No change
ISTB iShares Core 1-5 Year Usd Bo 0.02% 5,277 $258K Add +1.3%
SHOP Shopify Inc. Class A 0.02% 1,731 $257K New
VIGI Vanguard Int Div App Indx FD 0.02% 2,854 $256K New
GS Goldman Sachs Group Inc. 0.02% 320 $255K Reduce -0.3%
PSX Phillips 66 0.02% 1,859 $253K New
UAL United Airlines Holdings Inc. 0.02% 2,613 $252K Reduce -1.9%
IYW iShares Ustechnology ETF 0.02% 1,260 $247K Add +3.3%
O Realty Income Corp. 0.02% 4,048 $246K Reduce -1.6%
CLX Clorox Company 0.02% 1,990 $245K Reduce -3.2%
XLK SS Technology Select Sector 0.02% 861 $243K Add +6.3%
APD Air Products & Chemicals Inc. 0.02% 888 $242K Add +0.8%
BFAM Bright Horizons Family Solut 0.02% 2,226 $242K No change
TPL Texas Pacific Land Corp. 0.02% 258 $241K Reduce -8.8%
CRK Comstock Resources Inc. 0.02% 12,030 $239K No change
BOOT Boot Barn Holdings Inc. 0.02% 1,436 $238K Reduce -18.2%
FVR Frontview REIT Inc. 0.02% 17,200 $236K No change
ROAD Construction Partners Inc. Class A 0.02% 1,850 $235K New
PRU Prudential Financial Inc. 0.02% 2,237 $232K New
DHT DHT Holdings Inc. 0.02% 19,015 $227K No change
SYK Stryker Corp. 0.02% 608 $225K Reduce -0.2%
CTRA Coterra Energy Inc. 0.02% 9,474 $224K No change
SHEL Shell PLC-ADR 0.02% 3,111 $223K Add +0.9%
AMLP Alerian MLP ETF 0.02% 4,725 $222K No change
FANG Diamondback Energy Inc. 0.02% 1,522 $218K New
FIXT TCW Core Plus Bond ETF 0.01% 5,599 $217K Reduce -1.2%
GD General Dynamics Corp. 0.01% 630 $215K New
PYPL PayPal Holdings Inc. 0.01% 3,203 $215K Reduce -2.3%
AZN Astrazeneca PLC-Spons ADR 0.01% 2,791 $214K Reduce -6.9%
CORZ Core Scientific Inc. 0.01% 11,907 $214K New
PWR Quanta Services Inc. 0.01% 513 $213K New
PAYC Paycom Software Inc. 0.01% 1,020 $212K New
UPS United Parcel Service Class B 0.01% 2,522 $211K Add +25.1%
JETS US Global Jets ETF 0.01% 8,463 $209K New
NOW ServiceNow Inc. 0.01% 224 $206K Reduce -12.2%
LEN Lennar Corp. Class A 0.01% 1,627 $205K New
BSX Boston Scientific Corp. 0.01% 2,095 $205K New
FTNT Fortinet Inc. 0.01% 2,432 $204K Add +1.3%
COIN Coinbase Global Inc. Class A 0.01% 600 $203K New
VST Vistra Corp. 0.01% 1,034 $203K Reduce -5.5%
ED Consolidated Edison Inc. 0.01% 2,012 $202K Add +0.1%
TM Toyota Motor Corp. -Spon ADR 0.01% 1,056 $202K New
IRT Independence Realty Trust Inc. 0.01% 11,126 $182K Reduce -45.8%
SOUN Soundhound AI Inc. Class A 0.01% 10,185 $164K Add +1.9%
EWTX Edgewise Therapeutics Inc. 0.01% 10,000 $162K No change
NZF Nuveen Municipal Credit Inc. 0.01% 12,680 $159K No change
KOS Kosmos Energy Ltd. 0.01% 93,480 $155K No change
SLDB Solid Biosciences Inc. 0.01% 25,031 $154K No change
XMYDX BlackRock Muniyield Fund 0.01% 14,213 $150K No change
MYI BlackRock Muniyield QLTY III 0.01% 13,526 $150K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.01% 13,049 $149K No change
NAD Nuveen Quality Municipal Inc. 0.01% 12,709 $149K No change
MUE BlackRock Munihold QLT FD II 0.01% 14,312 $144K No change
XMVFX BlackRock Munivest Fund 0.01% 20,753 $142K No change
MHD BlackRock Muniholdings Fund 0.01% 12,093 $142K No change
EOSE Eos Energy Enterprises Inc. 0.01% 10,084 $115K No change
ACTU Actuate Therapeutics Inc. 0.01% 17,000 $114K Add +16.8%
VLY Valley National Bancorp 0.01% 10,156 $108K No change
TLRY Tilray Brands Inc. 0.00% 33,854 $59K No change
CRON Cronos Group Inc. 0.00% 17,622 $49K No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $239K (not counted above)
SecurityClassShares / PrincipalValueChange
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 10,129$118KNo change
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 35,000$99KNo 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: $1.4B.

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

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