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

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

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%
ITA iShares U.S. Aerospace & Def 0.08% 5,423 $1.2M No change
DRI Darden Restaurants Inc. 0.08% 6,217 $1.1M Reduce -6.2%
STX Seagate Technology Holdings 0.08% 4,085 $1.1M No change
ITOT iShares Core S&P Total U.S. 0.07% 7,505 $1.1M Reduce -0.2%
CI The Cigna Group 0.07% 3,863 $1.1M Reduce -0.0%
OKE Oneok Inc. 0.07% 14,205 $1.0M Add +48.4%
TXN Texas Instruments Inc. 0.07% 5,853 $1.0M Add +4.9%
VIG Vanguard Dividend Apprec ETF 0.07% 4,493 $987K Add +70.2%
WMB Williams Cos Inc. 0.06% 15,835 $952K Add +0.7%
TT Trane Technologies PLC 0.06% 2,420 $942K Add +0.4%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.06% 16,026 $931K New
SSB Southstate Bank Corp. 0.06% 9,883 $930K Add +0.1%
LUV Southwest Airlines Co. 0.06% 22,411 $926K Reduce -56.8%
PM Philip Morris International 0.06% 5,706 $915K Add +3.9%
CAT Caterpillar Inc. 0.06% 1,580 $905K Add +3.4%
ACWI iShares MSCI Acwi ETF 0.06% 6,362 $900K Reduce -16.2%
MU Micron Technology Inc. 0.06% 3,131 $894K Add +4.9%
KMB Kimberly-Clark Corp. 0.06% 8,787 $886K Add +2.4%
SPYV SS SPDR P S&P 500 Value ETF 0.06% 15,479 $879K No change
RSP Invesco S&P 500 Equal Weight 0.06% 4,444 $851K Add +120.1%
SCHW Schwab (charles) Corp. 0.06% 8,501 $849K Add +30.2%
MA Mastercard Inc. Class A 0.06% 1,482 $846K Add +75.4%
PLBY Playboy Inc. 0.06% 450,000 $846K Add +50.0%
MSCI MSCI Inc. 0.06% 1,473 $845K Add +30.9%
MS Morgan Stanley 0.06% 4,746 $843K Add +57.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.06% 1,713 $836K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.06% 9,064 $828K Reduce -11.4%
BA The Boeing Co. 0.05% 3,713 $806K Add +6.3%
IVLU iShares MSCI International V 0.05% 21,083 $802K No change
HACK Amplify Cybersecurity ETF 0.05% 9,941 $799K No change
ADP Automatic Data Processing 0.05% 3,050 $785K Add +0.1%
PAYX Paychex Inc. 0.05% 6,988 $784K Add +0.5%
STEL Stellar Bancorp Inc. 0.05% 25,153 $778K Reduce -7.4%
KO The Coca-Cola Co. 0.05% 10,941 $765K Add +2.9%
GUMI Ultra Short Municipal Income 0.05% 14,882 $748K New
DFUS Dimensional US Eq MKT ETF 0.05% 10,086 $748K Reduce -0.9%
GE General Electric filed as GE AEROSPACE 0.05% 2,423 $746K Add +10.6%
DLR Digital Realty Trust Inc. 0.05% 4,823 $746K No change
FNDB Schwab Fndmntl US BRD Mr ETF 0.05% 27,996 $744K No change
WDC Western Digital Corp. 0.05% 4,296 $740K Add +6.7%
MRSH Marsh & McLennan Cos 0.05% 3,983 $739K Add +0.8%
IAK iShares U.S. Insurance ETF 0.05% 5,309 $723K Reduce -1.6%
IEI iShares 3-7 Year Treasury Bo 0.05% 5,994 $715K Reduce -49.2%
IDXX Idexx Laboratories Inc. 0.05% 1,045 $707K Add +68.0%
DELL Dell Technologies -C 0.05% 5,601 $705K Add +21.2%
FTEC Fidelity MSCI Info Tech Indx 0.05% 3,133 $704K Add +21.4%
UNH Unitedhealth Group Inc. 0.05% 2,118 $699K Reduce -0.7%
NLR Vaneck Urani & Nuclr ETF-Usd 0.05% 5,598 $695K No change
TSM Taiwan Semiconductor-SP ADR 0.04% 2,202 $669K Reduce -6.3%
ACN Accenture PLC Class A 0.04% 2,445 $656K Reduce -2.2%
LNG Cheniere Energy Inc. 0.04% 3,326 $647K Add +2.2%
MLM Martin Marietta Materials 0.04% 1,037 $646K No change
ADI Analog Devices Inc. 0.04% 2,379 $645K Add +0.0%
DE Deere & Co. 0.04% 1,384 $644K Reduce -9.3%
EPD Enterprise Products Partners 0.04% 19,596 $628K Add +8.3%
CMI Cummins Inc. 0.04% 1,219 $622K Reduce -1.6%
IVW iShares S&P 500 Growth ETF 0.04% 5,035 $621K Add +4.6%
SHV iShares 0-1 Year Treasury Bo 0.04% 5,610 $618K Reduce -10.9%
SPHD Invesco S&P 500 High Dividen 0.04% 12,872 $618K Reduce -24.3%
MELI MercadoLibre Inc. 0.04% 302 $609K Add +91.1%
T AT&T Inc. 0.04% 24,350 $605K Add +9.8%
WELL Welltower Inc. 0.04% 3,253 $604K Reduce -2.3%
DAR Darling Ingredients Inc. 0.04% 16,695 $601K No change
LMT Lockheed Martin Corp. 0.04% 1,219 $590K Add +5.6%
IEFA iShares Core MSCI Eafe ETF 0.04% 6,460 $578K Add +11.8%
TRGP Targa Resources Corp. 0.04% 3,131 $578K No change
ASML ASML Holding NV-NY Reg SHS 0.04% 539 $576K Add +3.3%
XEL Xcel Energy Inc. 0.04% 7,675 $567K No change
VGT Vanguard Info Tech ETF 0.04% 752 $567K Add +2.7%
ORCL Oracle Corp. 0.04% 2,889 $563K Reduce -0.9%
USMV iShares MSCI USA Min Vol Fac 0.04% 5,923 $558K Reduce -1.0%
NOC Northrop Grumman Corp. 0.04% 977 $557K Add +23.2%
CRWV Coreweave Inc. Class A 0.04% 7,701 $551K Add +56.5%
AMGN Amgen Inc. 0.04% 1,682 $550K Add +7.1%
SO The Southern Co. 0.04% 6,240 $544K Add +1.1%
IWR iShares Russell Mid-Cap ETF 0.04% 5,637 $543K No change
XRLV Invesco S&P 500 Ex-Rate Sens 0.04% 10,043 $542K No change
ET Energy Transfer LP 0.04% 32,248 $532K Reduce -24.1%
UNP Union Pacific Corp. 0.04% 2,279 $527K Reduce -0.7%
GEV GE Vernova Inc. 0.04% 799 $522K Reduce -1.7%
SCHE Schwab Emrg Mrkts Eqty ETF 0.03% 15,858 $519K Add +0.1%
CME Cme Group Inc. 0.03% 1,894 $517K Reduce -0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 9,272 $510K Add +10.0%
JCI Johnson Controls Internation 0.03% 4,157 $498K Reduce -1.0%
ABT Abbott Laboratories 0.03% 3,956 $496K Reduce -2.4%
CBRE CBRE Group Inc. Class A 0.03% 3,072 $494K No change
AXP American Express Co. 0.03% 1,316 $487K Add +3.5%
PH Parker Hannifin Corp. 0.03% 551 $484K Add +34.4%
MSI Motorola Solutions Inc. 0.03% 1,239 $475K Reduce -0.3%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.03% 10,175 $474K Add +11.0%
PNOV Innovator U.S. Equity Power 0.03% 11,326 $473K No change
QUAL iShares MSCI USA Quality Fac 0.03% 2,368 $470K New
STZ Constellation Brands Inc. Class A 0.03% 3,406 $470K Add +12.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 4,118 $469K Add +3.2%
NEE Nextera Energy Inc. 0.03% 5,729 $460K Reduce -0.6%
VIGI Vanguard Int Div App Indx FD 0.03% 4,787 $438K Add +67.7%
GLW Corning Inc. 0.03% 4,940 $433K Add +4.3%
DKS Dick's Sporting Goods Inc. 0.03% 2,175 $431K Reduce -11.2%
SUN Sunoco LP 0.03% 8,200 $430K Add +32.3%
UBER Uber Technologies Inc. 0.03% 5,167 $422K Reduce -7.0%
IAUM iShares Gold Trust Micro 0.03% 9,806 $422K New
VLO Valero Energy Corp. 0.03% 2,560 $417K Add +5.6%
IOO iShares Global 100 ETF 0.03% 3,283 $416K Add +0.3%
ENB Enbridge Inc. 0.03% 8,646 $414K Add +0.3%
SGOL Abrdn Physical Gold Shares 0.03% 10,000 $411K No change
CRWD CrowdStrike Holdings Inc. Class A 0.03% 876 $411K Add +14.1%
CB Chubb Ltd. 0.03% 1,310 $409K Add +0.1%
DHR Danaher Corp. 0.03% 1,739 $398K Add +3.5%
MO Altria Group Inc. 0.03% 6,888 $397K Add +6.7%
RSPG Invesco S&P 500 Equal Weight 0.03% 4,858 $387K Reduce -6.6%
HCA HCA Healthcare Inc. 0.03% 828 $386K No change
ORLY O'reilly Automotive Inc. 0.03% 4,228 $386K Add +1.3%
SCHA Schwab US Small-Cap ETF 0.03% 13,408 $382K Add +0.4%
LH Labcorp Holdings Inc. 0.03% 1,494 $375K Reduce -0.2%
ISRA Vaneck Israel ETF 0.02% 6,279 $369K Add +0.1%
PSX Phillips 66 0.02% 2,859 $369K Add +53.8%
HDV iShares Core High Dividend E 0.02% 3,029 $368K Add +0.8%
GS Goldman Sachs Group Inc. 0.02% 415 $365K Add +29.7%
SMMD iShares Russell 2500 ETF 0.02% 4,862 $364K Add +5.2%
WFC Wells Fargo & Co. 0.02% 3,898 $363K Add +4.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 1,900 $363K No change
ORI Old Republic Intl Corp. 0.02% 7,793 $356K No change
VGSH Vanguard Short-Term Treasury 0.02% 5,987 $352K No change
SCHD Schwab US DVD Equity ETF 0.02% 12,542 $344K New
D Dominion Energy Inc. 0.02% 5,853 $343K Add +9.4%
APG Api Group Corp. 0.02% 8,585 $328K Add +13.7%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.02% 1,300 $327K No change
ITW Illinois Tool Works 0.02% 1,326 $326K Add +3.9%
PFF iShares Preferred & Income S 0.02% 10,503 $325K Add +4.7%
NDAQ Nasdaq Inc. 0.02% 3,266 $317K Add +1.2%
PAYC Paycom Software Inc. 0.02% 1,983 $316K Add +94.4%
WDEF WT Europe Defensed FD 0.02% 10,779 $313K Add +22.9%
ULTA Ulta Beauty Inc. 0.02% 508 $307K Reduce -10.7%
MPC Marathon Petroleum Corp. 0.02% 1,878 $305K Reduce -2.4%
ICE Intercontinental Exchange Inc. 0.02% 1,856 $301K Reduce -4.0%
IGRO iShares Intl Div Growth ETF 0.02% 3,622 $300K No change
HLI Houlihan Lokey Inc. 0.02% 1,716 $299K No change
FIX Comfort Systems USA Inc. 0.02% 314 $293K No change
UAL United Airlines Holdings Inc. 0.02% 2,613 $292K No change
QCOM Qualcomm Inc. 0.02% 1,706 $292K Reduce -0.1%
IAU iShares Gold Trust 0.02% 3,586 $291K New
SHOP Shopify Inc. Class A 0.02% 1,806 $291K Add +4.3%
BWXT BWX Technologies Inc. 0.02% 1,652 $286K No change
TRV The Travelers Cos Inc. 0.02% 980 $284K Add +0.3%
AMTM Amentum Holdings Inc. 0.02% 9,772 $283K Reduce -16.1%
BLDR Builders Firstsource Inc. 0.02% 2,753 $283K Reduce -9.8%
CAG Conagra Brands Inc. 0.02% 16,198 $280K New
ISTB iShares Core 1-5 Year Usd Bo 0.02% 5,724 $279K Add +8.5%
CRK Comstock Resources Inc. 0.02% 12,030 $279K No change
IP International Paper Co. 0.02% 6,966 $274K No change
AZN Astrazeneca PLC-Spons ADR 0.02% 2,979 $274K Add +6.7%
AMLP Alerian MLP ETF 0.02% 5,809 $273K Add +22.9%
TXRH Texas Roadhouse Inc. 0.02% 1,600 $266K New
TPL Texas Pacific Land Corp. 0.02% 909 $261K Add +17.4%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.02% 5,676 $257K New
NET Cloudflare Inc. Class A 0.02% 1,292 $255K New
FVR Frontview REIT Inc. 0.02% 17,200 $254K No change
BOOT Boot Barn Holdings Inc. 0.02% 1,436 $253K No change
IYW iShares Ustechnology ETF 0.02% 1,260 $252K No change
CTRA Coterra Energy Inc. 0.02% 9,474 $249K No change
ACWV iShares MSCI Global Min Vol 0.02% 2,099 $249K Reduce -4.2%
EWTX Edgewise Therapeutics Inc. 0.02% 10,000 $248K No change
SHEL Shell PLC-ADR 0.02% 3,364 $247K Add +8.1%
BLOK Amplify Blockchain Tech ETF 0.02% 4,328 $246K Add +0.1%
MTDR Matador Resources Co. 0.02% 5,794 $246K Reduce -14.7%
CEG Constellation Energy 0.02% 687 $243K New
CLX Clorox Company 0.02% 2,390 $241K Add +20.1%
EOG EOG Resources Inc. 0.02% 2,292 $241K Reduce -0.7%
JETS US Global Jets ETF 0.02% 8,463 $238K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.02% 1,293 $236K New
XLK SS Technology Select Sector 0.02% 1,620 $233K Reduce -5.9%
DHT DHT Holdings Inc. 0.02% 19,015 $232K No change
TM Toyota Motor Corp. -Spon ADR 0.02% 1,056 $226K No change
BFAM Bright Horizons Family Solut 0.02% 2,226 $226K No change
O Realty Income Corp. 0.02% 3,988 $225K Reduce -1.5%
PWR Quanta Services Inc. 0.01% 513 $217K No change
APD Air Products & Chemicals Inc. 0.01% 867 $214K Reduce -2.4%
GD General Dynamics Corp. 0.01% 630 $212K No change
VCIT Vanguard Int-Term Corporate 0.01% 2,480 $208K New
BMY Bristol-Myers Squibb Co. 0.01% 3,799 $205K Reduce -84.3%
STLD Steel Dynamics Inc. 0.01% 1,200 $203K New
URI United Rentals Inc. 0.01% 248 $201K New
ROAD Construction Partners Inc. Class A 0.01% 1,850 $201K No change
ED Consolidated Edison Inc. 0.01% 2,019 $201K Add +0.3%
SLV iShares Silver Trust 0.01% 3,105 $200K New
IRT Independence Realty Trust Inc. 0.01% 11,126 $194K No change
NZF Nuveen Municipal Credit Inc. 0.01% 12,680 $160K No change
NAD Nuveen Quality Municipal Inc. 0.01% 12,709 $153K No change
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.01% 13,049 $152K No change
MYI BlackRock Muniyield QLTY III 0.01% 13,526 $147K No change
XMVFX BlackRock Munivest Fund 0.01% 20,753 $144K No change
MUE BlackRock Munihold QLT FD II 0.01% 14,312 $144K No change
MHD BlackRock Muniholdings Fund 0.01% 12,093 $142K No change
XMYDX BlackRock Muniyield Fund 0.01% 13,213 $139K Reduce -7.0%
ACTU Actuate Therapeutics Inc. 0.01% 20,000 $122K Add +17.6%
VLY Valley National Bancorp 0.01% 10,156 $119K No change
CHCI Comstock Holding Companies 0.01% 10,000 $116K New
FTMS FR Short-Term Muni Inc. ETF 0.01% 10,584 $105K New
SOUN Soundhound AI Inc. Class A 0.01% 10,185 $102K No change
AQST Aquestive Therapeutics Inc. 0.01% 13,766 $89K New
KOS Kosmos Energy Ltd. 0.01% 83,480 $76K Reduce -10.7%
CRON Cronos Group Inc. 0.00% 17,799 $47K Add +1.0%
BFLY Butterfly Network Inc. 0.00% 10,286 $39K New

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)
SecurityClassShares / PrincipalValueChange
CORZW Core Scientific Inc. - 27 *W EXP 01/23/202 10,129$86KNo change
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 35,000$47KNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 23,000$22KNo 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

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