Sfmg, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Sfmg, LLC reported 303 stock positions worth $1.5 billion. Its top holding was Atmos Energy (ATO) at 11.9% of the portfolio, followed by Pacer Trendpilot US Large Ca (PTLC, 9.0%) and Invesco S&P 500 Quality ETF (SPHQ, 8.4%). Compared with Q3 2025, it opened 22 new positions, sold out of 23, added to 141 and reduced 83. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- PLANO, TX
- CIK
- 0001512026
- Portfolio Value
- $1.5B (Q4 2025)
- SEC Filing
- 0001512026-26-000001 ↗ filed Feb 10, 2026
Holdings Value
Holdings 303 stocks · $1.5B
| ATO Atmos Energy Corp. | 11.93% | 1,060,389 | $177.8M | Add +1.8% |
| PTLC Pacer Trendpilot US Large Ca | 9.00% | 2,412,945 | $134.1M | Add +2.5% |
| SPHQ Invesco S&P 500 Quality ETF | 8.40% | 1,668,107 | $125.2M | Add +1.0% |
| GSLC Goldman Activebeta US LC ETF | 7.37% | 829,135 | $109.8M | Add +1.4% |
| QUS SS SPDR MSCI U Stratfact ETF | 6.16% | 527,047 | $91.8M | Add +0.6% |
| MOAT Vaneck Morningstar Wide Moat | 4.45% | 640,814 | $66.4M | Add +1.5% |
| AAPL Apple Inc. | 4.08% | 223,378 | $60.7M | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.89% | 115,251 | $57.9M | Reduce -1.0% |
| COWZ Pacer US Cash Cows 100 ETF | 3.84% | 950,367 | $57.2M | Add +2.9% |
| IVV iShares Core S&P 500 ETF | 2.43% | 52,936 | $36.3M | Reduce -0.4% |
| NVDA Nvidia Corp. | 2.08% | 166,029 | $31.0M | Add +9.7% |
| MSFT Microsoft Corp. | 2.00% | 61,520 | $29.8M | Reduce -5.5% |
| AMZN Amazon.com Inc. | 1.62% | 104,800 | $24.2M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 1.54% | 72,990 | $22.9M | Reduce -2.1% |
| JEPI JPMorgan Equity Premium Inco | 1.14% | 295,839 | $16.9M | Add +8.0% |
| SCHQ Schwab Long-Term US Treasury | 1.01% | 477,113 | $15.1M | Add +14.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.94% | 20,567 | $14.0M | Add +4.1% |
| AMAT Applied Materials Inc. | 0.88% | 51,121 | $13.1M | Reduce -2.3% |
| RTX RTX Corp. | 0.87% | 70,989 | $13.0M | Reduce -2.3% |
| WMT Walmart Inc. | 0.82% | 109,619 | $12.2M | Reduce -6.4% |
| AMD Advanced Micro Devices | 0.71% | 49,189 | $10.5M | Reduce -17.5% |
| FDIF Fidelity Disruptors ETF | 0.53% | 219,730 | $7.9M | Add +3.8% |
| V Visa Inc. Class A | 0.52% | 22,156 | $7.8M | Add +1.9% |
| ARCC Ares Capital Corp. | 0.50% | 364,892 | $7.4M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.48% | 22,914 | $7.2M | Add +2.0% |
| CRM Salesforce Inc. | 0.47% | 26,272 | $7.0M | Add +5.2% |
| SCHX Schwab US Large-Cap ETF | 0.47% | 258,348 | $7.0M | Add +0.4% |
| VZ Verizon Communications Inc. | 0.47% | 170,521 | $6.9M | Add +3.1% |
| META Meta Platforms Inc. Class A | 0.45% | 10,262 | $6.8M | Reduce -0.5% |
| TLT iShares 20+ Year Treasury BD | 0.45% | 76,226 | $6.6M | Reduce -10.5% |
| CSX CSX Corp. | 0.43% | 178,769 | $6.5M | Add +0.3% |
| PANW Palo Alto Networks Inc. | 0.43% | 34,645 | $6.4M | Reduce -2.2% |
| COP Conocophillips | 0.43% | 67,994 | $6.4M | Reduce -0.3% |
| BXSL Blackstone Secured Lending F | 0.42% | 237,386 | $6.3M | Reduce -4.4% |
| BLK BlackRock Inc. | 0.41% | 5,659 | $6.1M | Add +3.7% |
| HON Honeywell International Inc. | 0.40% | 30,566 | $6.0M | Add +1.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.40% | 116,017 | $5.9M | Add +5.1% |
| ADBE Adobe Inc. | 0.38% | 16,365 | $5.7M | Reduce -1.5% |
| AVGO Broadcom Inc. | 0.38% | 16,390 | $5.7M | Add +2.5% |
| TMO Thermo Fisher Scientific Inc. | 0.38% | 9,735 | $5.6M | Add +0.4% |
| TSLA Tesla Inc. | 0.35% | 11,695 | $5.3M | Add +3.0% |
| IGV iShares Expanded Tech-Softwa | 0.35% | 49,323 | $5.2M | Reduce -7.1% |
| JPM JPMorgan Chase & Co. | 0.35% | 16,060 | $5.2M | Add +5.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 8,313 | $5.1M | Reduce -22.7% |
| MDT Medtronic PLC | 0.34% | 53,073 | $5.1M | Add +4.5% |
| QTEC First Trust Nasdq 100 Tech I | 0.33% | 21,287 | $4.9M | Reduce -3.1% |
| GLD SPDR Gold Shares | 0.30% | 11,302 | $4.5M | Add +10.6% |
| VOO Vanguard S&P 500 ETF | 0.28% | 6,605 | $4.1M | Add +1.3% |
| MSDL Morgan Stanley Direct Lendin | 0.26% | 238,045 | $3.9M | Reduce -8.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.26% | 99,792 | $3.8M | Reduce -7.8% |
| FBTC Fidelity Wise Origin Bitcoin | 0.25% | 49,553 | $3.8M | Add +8.8% |
| LULU Lululemon Athletica Inc. | 0.22% | 15,432 | $3.2M | Add +8.0% |
| LLY Eli Lilly & Co. | 0.21% | 2,926 | $3.1M | Reduce -1.6% |
| BALT Inn Defined Wealth Shield | 0.21% | 92,854 | $3.1M | Add +7.2% |
| PLTR Palantir Technologies Inc. Class A | 0.20% | 16,926 | $3.0M | Add +23.7% |
| CIBR First Trust Nasdaq Cybersecu | 0.20% | 41,965 | $3.0M | Add +0.4% |
| COST Costco Wholesale Corp. | 0.20% | 3,425 | $3.0M | Add +1.6% |
| ZTS Zoetis Inc. | 0.19% | 22,900 | $2.9M | Add +4.7% |
| JNJ Johnson & Johnson | 0.19% | 13,902 | $2.9M | Add +10.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 8,379 | $2.8M | Add +2.3% |
| XOM Exxon Mobil Corp. | 0.18% | 22,655 | $2.7M | Add +9.5% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.17% | 31,434 | $2.6M | No change |
| USFR Wisdomtree Floating Rate Tre | 0.17% | 49,340 | $2.5M | New |
| XLV SS Health Care Select Sector | 0.16% | 15,354 | $2.4M | Reduce -0.2% |
| HLT Hilton Worldwide Holdings Inc. | 0.16% | 8,269 | $2.4M | No change |
| WPC WP Carey Inc. | 0.16% | 36,748 | $2.4M | Reduce -4.5% |
| KMI Kinder Morgan Inc. | 0.15% | 82,788 | $2.3M | Reduce -8.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.15% | 3 | $2.3M | No change |
| DIVO Amplify CWP Enhan Divid ETF | 0.15% | 49,950 | $2.2M | Add +71.8% |
| MCK McKesson Corp. | 0.14% | 2,625 | $2.2M | No change |
| XDSQ Innovator US Eqy Accl-Quart | 0.13% | 48,008 | $2.0M | Reduce -0.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.13% | 7,839 | $2.0M | Add +291.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.13% | 39,081 | $2.0M | Add +15.3% |
| NFLX Netflix Inc. | 0.13% | 20,187 | $1.9M | Add +6.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.13% | 4,162 | $1.9M | Reduce -8.6% |
| PAPR Innovator U.S. Equity Power | 0.13% | 47,929 | $1.9M | Reduce -3.5% |
| IWF iShares Russell 1000 Growth | 0.13% | 3,940 | $1.9M | Add +10.0% |
| HGV Hilton Grand Vacations Inc. | 0.12% | 41,008 | $1.8M | Reduce -21.7% |
| KLAC KLA Corp. | 0.12% | 1,451 | $1.8M | Add +12.7% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.12% | 16,439 | $1.8M | Reduce -2.1% |
| BX Blackstone Inc. | 0.12% | 11,320 | $1.7M | Add +2.3% |
| CSCO Cisco Systems Inc. | 0.11% | 21,145 | $1.6M | Reduce -8.9% |
| APO Apollo Global Management Inc. | 0.11% | 11,148 | $1.6M | Add +16.0% |
| SMH Vaneck Semiconductor ETF | 0.10% | 4,255 | $1.5M | Add +0.9% |
| MCD McDonald's Corp. | 0.10% | 4,884 | $1.5M | Add +2.7% |
| SGOV iShares 0-3 Month Treasury B | 0.10% | 14,868 | $1.5M | Add +117.5% |
| RSG Republic Services Inc. | 0.10% | 6,972 | $1.5M | New |
| GRNT Granite Ridge Resources Inc. | 0.10% | 310,606 | $1.5M | No change |
| J Jacobs Solutions Inc. | 0.10% | 11,000 | $1.5M | Reduce -0.3% |
| HD Home Depot Inc. | 0.09% | 4,092 | $1.4M | Reduce -5.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 4,683 | $1.4M | Add +0.3% |
| ETN Eaton Corp. PLC | 0.09% | 4,184 | $1.3M | Reduce -2.7% |
| ABBV Abbvie Inc. | 0.09% | 5,830 | $1.3M | Add +2.8% |
| LOW Lowe's Cos Inc. | 0.09% | 5,291 | $1.3M | Reduce -0.9% |
| SHW The Sherwin-Williams Co. | 0.08% | 3,866 | $1.3M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 0.08% | 8,520 | $1.2M | Add +0.3% |
| ISRG Intuitive Surgical Inc. | 0.08% | 2,136 | $1.2M | Add +112.3% |
| CVX Chevron Corp. | 0.08% | 7,759 | $1.2M | Add +0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 7,628 | $1.2M | Reduce -1.9% |
| PEP Pepsico Inc. | 0.08% | 8,139 | $1.2M | Add +0.7% |
Options reported separately and not counted above: NVDA puts ($802K), SPY calls ($407K), AMZN calls ($274K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $156K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 10,129 | $86K | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 35,000 | $47K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 23,000 | $22K | No change |
Total filed on the 13F, all lines: $1.5B.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -5.5% | 2.00% | −0.34 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.0% | 3.89% | −0.17 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.14 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -22.7% | 0.34% | −0.10 |
| TLT iShares 20+ Year Treasury BD | Reduce -10.5% | 0.45% | −0.08 |
| IGV iShares Expanded Tech-Softwa | Reduce -7.1% | 0.35% | −0.07 |
| PANW Palo Alto Networks Inc. | Reduce -2.2% | 0.43% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -0.5% | 0.45% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -84.3% | 0.01% | −0.06 |
| LUV Southwest Airlines Co. | Reduce -56.8% | 0.06% | −0.05 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -49.2% | 0.05% | −0.05 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -0.4% | 2.43% | −0.03 |
| BXSL Blackstone Secured Lending F | Reduce -4.4% | 0.42% | −0.03 |
| HGV Hilton Grand Vacations Inc. | Reduce -21.7% | 0.12% | −0.03 |
| HD Home Depot Inc. | Reduce -5.3% | 0.09% | −0.03 |
| HYT BlackRock Corp. Hi YLD | Sold out | 0.00% | −0.03 |
| MSDL Morgan Stanley Direct Lendin | Reduce -8.2% | 0.26% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -8.5% | 0.15% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -2.7% | 0.09% | −0.02 |
| ADBE Adobe Inc. | Reduce -1.5% | 0.38% | −0.02 |
| WPC WP Carey Inc. | Reduce -4.5% | 0.16% | −0.02 |
| ARCC Ares Capital Corp. | Reduce -0.1% | 0.50% | −0.02 |
| QTEC First Trust Nasdq 100 Tech I | Reduce -3.1% | 0.33% | −0.02 |
| COP Conocophillips | Reduce -0.3% | 0.43% | −0.02 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.02 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.02 |
| ORCL Oracle Corp. | Reduce -0.9% | 0.04% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.02 |
| WMT Walmart Inc. | Reduce -6.4% | 0.82% | −0.02 |
| SPHD Invesco S&P 500 High Dividen | Reduce -24.3% | 0.04% | −0.02 |
| J Jacobs Solutions Inc. | Reduce -0.3% | 0.10% | −0.02 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.02 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.02 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.02 |
| FIXT TCW Core Plus Bond ETF | Sold out | 0.00% | −0.01 |
| ET Energy Transfer LP | Reduce -24.1% | 0.04% | −0.01 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.01 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.01 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.01 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.01 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.01 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.01 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.01 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.01 |
| VST Vistra Corp. | Sold out | 0.00% | −0.01 |
| ACWI iShares MSCI Acwi ETF | Reduce -16.2% | 0.06% | −0.01 |
| DRI Darden Restaurants Inc. | Reduce -6.2% | 0.08% | −0.01 |
| SLDB Solid Biosciences Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| AAPL Apple Inc. | Add +1.5% | 4.08% | +0.19 |
| USFR Wisdomtree Floating Rate Tre | New | 0.17% | +0.17 |
| COWZ Pacer US Cash Cows 100 ETF | Add +2.9% | 3.84% | +0.16 |
| NVDA Nvidia Corp. | Add +9.7% | 2.08% | +0.12 |
| MOAT Vaneck Morningstar Wide Moat | Add +1.5% | 4.45% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +2.0% | 0.48% | +0.10 |
| RSG Republic Services Inc. | New | 0.10% | +0.10 |
| QQQM Invesco Nasdaq 100 ETF | Add +291.0% | 0.13% | +0.10 |
| SCHQ Schwab Long-Term US Treasury | Add +14.1% | 1.01% | +0.08 |
| PTLC Pacer Trendpilot US Large Ca | Add +2.5% | 9.00% | +0.06 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.06% | +0.06 |
| DIVO Amplify CWP Enhan Divid ETF | Add +71.8% | 0.15% | +0.06 |
| CRM Salesforce Inc. | Add +5.2% | 0.47% | +0.06 |
| SGOV iShares 0-3 Month Treasury B | Add +117.5% | 0.10% | +0.05 |
| TMO Thermo Fisher Scientific Inc. | Add +0.4% | 0.38% | +0.05 |
| JEPI JPMorgan Equity Premium Inco | Add +8.0% | 1.14% | +0.05 |
| AMZN Amazon.com Inc. | Add +1.4% | 1.62% | +0.05 |
| GUMI Ultra Short Municipal Income | New | 0.05% | +0.05 |
| ISRG Intuitive Surgical Inc. | Add +112.3% | 0.08% | +0.05 |
| GLD SPDR Gold Shares | Add +10.6% | 0.30% | +0.05 |
| LULU Lululemon Athletica Inc. | Add +8.0% | 0.22% | +0.04 |
| QUAL iShares MSCI USA Quality Fac | New | 0.03% | +0.03 |
| JNJ Johnson & Johnson | Add +10.1% | 0.19% | +0.03 |
| RSP Invesco S&P 500 Equal Weight | Add +120.1% | 0.06% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.1% | 0.94% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +23.7% | 0.20% | +0.03 |
| IAUM iShares Gold Trust Micro | New | 0.03% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +70.2% | 0.07% | +0.03 |
| PLBY Playboy Inc. | Add +50.0% | 0.06% | +0.03 |
| MU Micron Technology Inc. | Add +4.9% | 0.06% | +0.03 |
| MA Mastercard Inc. Class A | Add +75.4% | 0.06% | +0.02 |
| MS Morgan Stanley | Add +57.1% | 0.06% | +0.02 |
| SCHD Schwab US DVD Equity ETF | New | 0.02% | +0.02 |
| KLAC KLA Corp. | Add +12.7% | 0.12% | +0.02 |
| OKE Oneok Inc. | Add +48.4% | 0.07% | +0.02 |
| XOM Exxon Mobil Corp. | Add +9.5% | 0.18% | +0.02 |
| IDXX Idexx Laboratories Inc. | Add +68.0% | 0.05% | +0.02 |
| APO Apollo Global Management Inc. | Add +16.0% | 0.11% | +0.02 |
| IAU iShares Gold Trust | New | 0.02% | +0.02 |
| CAG Conagra Brands Inc. | New | 0.02% | +0.02 |
| TXRH Texas Roadhouse Inc. | New | 0.02% | +0.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.02% | +0.02 |
| NET Cloudflare Inc. Class A | New | 0.02% | +0.02 |
| CEG Constellation Energy | New | 0.02% | +0.02 |
| WDC Western Digital Corp. | Add +6.7% | 0.05% | +0.02 |
| JKHY Jack Henry & Associates Inc. | New | 0.02% | +0.02 |
| MELI MercadoLibre Inc. | Add +91.1% | 0.04% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +5.7% | 0.35% | +0.01 |
| AVGO Broadcom Inc. | Add +2.5% | 0.38% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +15.3% | 0.13% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | put | New | 37,400 | $802K |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 14,000 | $407K |
| AMZN Amazon.com Inc. | call | New | 11,000 | $274K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |