SMI Advisory Services, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), SMI Advisory Services, LLC reported 43 stock positions worth $442.2 million. Its top holding was Smi 3FOURTEEN RL Asst Alloc (RAA) at 35.6% of the portfolio, followed by Smi 3FOURTEEN Full-CYCL TRND (FCTE, 14.5%) and Invesco Bulletshares 2025 CB (BSCP, 11.0%). Compared with Q4 2024, it opened 14 new positions, sold out of 25, added to 11 and reduced 15. The biggest buy was a new position in Smi 3FOURTEEN RL Asst Alloc (RAA) and the biggest sale Invesco Nasdaq 100 ETF (QQQM, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- COLUMBUS, IN
- CIK
- 0001609008
- Portfolio Value
- $442.2M (Q1 2025)
- SEC Filing
- 0001609008-25-000003 ↗ filed Apr 10, 2025
Holdings Value
Holdings 43 stocks · $442.2M
| RAA Smi 3FOURTEEN RL Asst Alloc | 35.57% | 7,015,342 | $157.3M | New |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | 14.45% | 2,788,191 | $63.9M | Add +20.1% |
| BSCP Invesco Bulletshares 2025 CB | 11.03% | 2,358,660 | $48.8M | Reduce -14.3% |
| GLD SPDR Gold Shares | 8.60% | 138,971 | $38.0M | Add +193.6% |
| BIV Vanguard Intermediate-Term B | 5.25% | 304,410 | $23.2M | Reduce -17.1% |
| SDCI Uscf Summerhaven Dynamic ETF | 4.02% | 905,304 | $17.8M | New |
| IWD iShares Russell 1000 Value E | 3.61% | 94,292 | $16.0M | New |
| IVV iShares Core S&P 500 ETF | 3.57% | 31,201 | $15.8M | Add +23.1% |
| GVAL Cambria Global Value ETF | 3.42% | 676,551 | $15.1M | New |
| VXF Vanguard Extended Market ETF | 2.37% | 68,057 | $10.5M | Add +24.3% |
| SCHO Schwab Short-Term US Treas | 1.92% | 349,794 | $8.5M | Add +16.8% |
| PHYS Sprott Physical Gold Trust | 1.78% | 345,285 | $7.9M | Add +59.5% |
| EUAD Select Stoxx Eur Aer DE ETF | 1.45% | 215,802 | $6.4M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.48% | 4,243 | $2.1M | Reduce -95.0% |
| HUBB Hubbell Inc. | 0.30% | 4,196 | $1.3M | Reduce -1.6% |
| QQQM Invesco Nasdaq 100 ETF | 0.29% | 7,294 | $1.3M | Reduce -97.5% |
| TJAN Inv E D PRT ETF - 2Y T JAN27 | 0.15% | 26,563 | $653K | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 2,796 | $648K | Reduce -3.7% |
| BND Vanguard Total Bond Market | 0.12% | 7,327 | $534K | Add +19.6% |
| AGGY Wisdomtree Yield Enhanced US | 0.11% | 11,298 | $486K | Add +5.6% |
| SCHK Schwab 1000 Index ETF | 0.11% | 19,631 | $477K | Reduce -2.1% |
| IWR iShares Russell Mid-Cap ETF | 0.11% | 6,132 | $468K | Reduce -1.8% |
| CWI State Street SPDR MSCI Acwi | 0.10% | 17,410 | $463K | Reduce -2.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.10% | 8,291 | $453K | Reduce -6.3% |
| NVDA Nvidia Corp. | 0.10% | 4,400 | $430K | Reduce -0.1% |
| SPTS SS SPDR P St Term TSY ETF | 0.09% | 13,974 | $408K | Reduce -64.5% |
| BSCQ Invesco Bulletshares 2026 CB | 0.09% | 19,377 | $377K | Add +53.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.08% | 8,089 | $371K | Reduce -4.3% |
| VCIT Vanguard Int-Term Corporate | 0.08% | 4,330 | $349K | Reduce -96.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.07% | 5,566 | $330K | New |
| BSCR Invesco Bulletshares 2027 CB | 0.06% | 14,296 | $279K | Add +1.1% |
| FBTC Fidelity Wise Origin Bitcoin | 0.06% | 3,878 | $264K | Reduce -94.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.05% | 3,445 | $211K | No change |
| GSUS Goldman Sachs Marketbeta US | 0.04% | 2,683 | $186K | No change |
| UFEB Innovator U.S. Equity Ultra | 0.04% | 5,827 | $181K | New |
| UDEC Innovator U.S. Equity Ultra | 0.04% | 5,123 | $169K | New |
| DNP DNP Select Income Fund Inc. | 0.03% | 15,924 | $143K | Add +1.4% |
| BSCS Invesco Bulletshares 2028 CB | 0.03% | 6,526 | $132K | New |
| BSCT Invesco Bulletshares 2029 CB | 0.02% | 5,649 | $104K | New |
| UAPR Innovator U.S. Equity Ultra | 0.02% | 3,443 | $98K | New |
| SPAB SS SPDR P Agg Bond ETF | 0.02% | 2,975 | $75K | New |
| OLO Olo Inc. Class A | 0.01% | 10,561 | $62K | New |
| CODX Co.-Diagnostics Inc. | 0.00% | 28,000 | $9K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| QQQM Invesco Nasdaq 100 ETF | Reduce -97.5% | 0.29% | −13.74 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -95.0% | 0.48% | −10.82 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −3.41 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −3.01 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −2.68 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −2.19 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −2.17 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -14.3% | 11.03% | −2.11 |
| VCIT Vanguard Int-Term Corporate | Reduce -96.4% | 0.08% | −2.10 |
| FBCG Fidelity Blue Chip Grow ETF | Sold out | 0.00% | −2.08 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −1.56 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −1.27 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -94.3% | 0.06% | −1.24 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −1.19 |
| BIV Vanguard Intermediate-Term B | Reduce -17.1% | 5.25% | −1.00 |
| VTWO Vanguard Russell 2000 ETF | Sold out | 0.00% | −0.86 |
| USRT iShares Core US REIT ETF | Sold out | 0.00% | −0.85 |
| TBIL F/M US Treasury 3 Month Bill | Sold out | 0.00% | −0.48 |
| IEV iShares Europe ETF | Sold out | 0.00% | −0.48 |
| PICK iShares MSCI Global Metals & | Sold out | 0.00% | −0.48 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.45 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.39 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.24 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.19 |
| VDE Vanguard Energy ETF | Sold out | 0.00% | −0.18 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -64.5% | 0.09% | −0.17 |
| IWB iShares Russell 1000 ETF | Sold out | 0.00% | −0.16 |
| HUBB Hubbell Inc. | Reduce -1.6% | 0.30% | −0.11 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.06 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.05 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.05 |
| NVDA Nvidia Corp. | Reduce -0.1% | 0.10% | −0.04 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -3.7% | 0.15% | −0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -4.3% | 0.08% | −0.02 |
| SCHK Schwab 1000 Index ETF | Reduce -2.1% | 0.11% | −0.02 |
| IWR iShares Russell Mid-Cap ETF | Reduce -1.8% | 0.11% | −0.02 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -6.3% | 0.10% | −0.01 |
| CWI State Street SPDR MSCI Acwi | Reduce -2.2% | 0.10% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| RAA Smi 3FOURTEEN RL Asst Alloc | New | 35.57% | +35.57 |
| GLD SPDR Gold Shares | Add +193.6% | 8.60% | +5.92 |
| SDCI Uscf Summerhaven Dynamic ETF | New | 4.02% | +4.02 |
| IWD iShares Russell 1000 Value E | New | 3.61% | +3.61 |
| GVAL Cambria Global Value ETF | New | 3.42% | +3.42 |
| EUAD Select Stoxx Eur Aer DE ETF | New | 1.45% | +1.45 |
| PHYS Sprott Physical Gold Trust | Add +59.5% | 1.78% | +0.76 |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | Add +20.1% | 14.45% | +0.50 |
| SCHO Schwab Short-Term US Treas | Add +16.8% | 1.92% | +0.26 |
| IVV iShares Core S&P 500 ETF | Add +23.1% | 3.57% | +0.16 |
| TJAN Inv E D PRT ETF - 2Y T JAN27 | New | 0.15% | +0.15 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.07% | +0.07 |
| UFEB Innovator U.S. Equity Ultra | New | 0.04% | +0.04 |
| UDEC Innovator U.S. Equity Ultra | New | 0.04% | +0.04 |
| BSCS Invesco Bulletshares 2028 CB | New | 0.03% | +0.03 |
| BSCQ Invesco Bulletshares 2026 CB | Add +53.0% | 0.09% | +0.03 |
| BSCT Invesco Bulletshares 2029 CB | New | 0.02% | +0.02 |
| UAPR Innovator U.S. Equity Ultra | New | 0.02% | +0.02 |
| BND Vanguard Total Bond Market | Add +19.6% | 0.12% | +0.02 |
| SPAB SS SPDR P Agg Bond ETF | New | 0.02% | +0.02 |
| OLO Olo Inc. Class A | New | 0.01% | +0.01 |
| AGGY Wisdomtree Yield Enhanced US | Add +5.6% | 0.11% | +0.01 |
| BSCR Invesco Bulletshares 2027 CB | Add +1.1% | 0.06% | −0.00 |
| DNP DNP Select Income Fund Inc. | Add +1.4% | 0.03% | −0.00 |
| VXF Vanguard Extended Market ETF | Add +24.3% | 2.37% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $617.0M | RAA, FCTE, IWD, EMXC, USRT |
| Q1 2026 | 60 | $606.9M | RAA, IWD, FCTE, GLD, SDCI |
| Q4 2025 | 59 | $580.3M | RAA, FCTE, IWD, GLD, QTPI |
| Q3 2025 | 56 | $528.6M | RAA, FCTE, GLD, BSCP, BIV |
| Q2 2025 | 51 | $517.5M | RAA, FCTE, GLD, BSCP, BIV |
| Q1 2025 | 43 | $442.2M | RAA, FCTE, BSCP, GLD, BIV |
| Q4 2024 | 54 | $433.4M | QQQM, FCTE, BSCP, SPY, BIV |
| Q3 2024 | 56 | $451.7M | FCTE, BSCP, QQQM, SPY, BIV |
| Q2 2024 | 59 | $404.4M | BSCP, QQQM, SPY, BIV, BSV |
| Q1 2024 | 54 | $356.3M | SPY, BIV, BSV, QQQM, PDBC |