SMI Advisory Services, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), SMI Advisory Services, LLC reported 51 stock positions worth $517.5 million. Its top holding was Smi 3FOURTEEN RL Asst Alloc (RAA) at 35.8% of the portfolio, followed by Smi 3FOURTEEN Full-CYCL TRND (FCTE, 14.2%) and SPDR Gold Shares (GLD, 8.0%). Compared with Q1 2025, it opened 16 new positions, sold out of 8, added to 12 and reduced 16. The biggest buy was a new position in First Trust Stoxx Europe (FDD) and the biggest sale Invesco Bulletshares 2025 CB (BSCP, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- COLUMBUS, IN
- CIK
- 0001609008
- Portfolio Value
- $517.5M (Q2 2025)
- SEC Filing
- 0001609008-25-000004 ↗ filed Jul 18, 2025
Holdings Value
Holdings 51 stocks · $517.5M
| RAA Smi 3FOURTEEN RL Asst Alloc | 35.82% | 7,190,315 | $185.4M | Add +2.5% |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | 14.24% | 2,843,641 | $73.7M | Add +2.0% |
| GLD SPDR Gold Shares | 8.01% | 134,444 | $41.4M | Reduce -3.3% |
| BSCP Invesco Bulletshares 2025 CB | 4.76% | 1,189,152 | $24.7M | Reduce -49.6% |
| BIV Vanguard Intermediate-Term B | 4.64% | 314,776 | $24.0M | Add +3.4% |
| IVV iShares Core S&P 500 ETF | 4.20% | 34,638 | $21.7M | Add +11.0% |
| FDD First Trust Stoxx Europe | 3.74% | 1,247,631 | $19.3M | New |
| GVAL Cambria Global Value ETF | 3.66% | 690,431 | $18.9M | Add +2.0% |
| SDCI Uscf Summerhaven Dynamic ETF | 3.57% | 845,064 | $18.5M | Reduce -6.7% |
| VXF Vanguard Extended Market ETF | 2.51% | 66,197 | $13.0M | Reduce -2.7% |
| EUAD Select Stoxx Eur Aer DE ETF | 1.93% | 234,206 | $10.0M | Add +8.5% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 1.92% | 86,652 | $9.9M | New |
| XAR SS SPDR S&P Aerospace Def | 1.91% | 45,380 | $9.9M | New |
| SHLD Global X Defense Tech ETF | 1.88% | 159,858 | $9.7M | New |
| PHYS Sprott Physical Gold Trust | 1.69% | 341,901 | $8.8M | Reduce -1.0% |
| SCHO Schwab Short-Term US Treas | 1.68% | 358,022 | $8.7M | Add +2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.53% | 4,366 | $2.7M | Add +2.9% |
| HUBB Hubbell Inc. | 0.34% | 4,196 | $1.8M | No change |
| QQQM Invesco Nasdaq 100 ETF | 0.24% | 5,419 | $1.2M | Reduce -25.7% |
| VOO Vanguard S&P 500 ETF | 0.21% | 1,878 | $1.1M | New |
| LLY Eli Lilly & Co. | 0.17% | 1,083 | $855K | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 2,784 | $802K | Reduce -0.4% |
| NVDA Nvidia Corp. | 0.15% | 4,400 | $754K | No change |
| TJAN Inv E D PRT ETF - 2Y T JAN27 | 0.14% | 26,563 | $702K | No change |
| IWB iShares Russell 1000 ETF | 0.13% | 1,957 | $671K | New |
| IWF iShares Russell 1000 Growth | 0.12% | 1,403 | $605K | New |
| XOM Exxon Mobil Corp. | 0.12% | 5,334 | $599K | New |
| SCHK Schwab 1000 Index ETF | 0.11% | 19,633 | $592K | Add +0.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.11% | 8,174 | $548K | Reduce -1.4% |
| IWR iShares Russell Mid-Cap ETF | 0.11% | 5,891 | $546K | Reduce -3.9% |
| CWI State Street SPDR MSCI Acwi | 0.10% | 16,628 | $541K | Reduce -4.5% |
| AGGY Wisdomtree Yield Enhanced US | 0.10% | 12,081 | $521K | Add +6.9% |
| BND Vanguard Total Bond Market | 0.09% | 6,509 | $473K | Reduce -11.2% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.09% | 8,070 | $444K | Reduce -0.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.07% | 5,089 | $374K | Reduce -8.6% |
| HWM Howmet Aerospace Inc. | 0.07% | 1,925 | $355K | New |
| BSCQ Invesco Bulletshares 2026 CB | 0.07% | 18,018 | $352K | Reduce -7.0% |
| SPTS SS SPDR P St Term TSY ETF | 0.07% | 11,627 | $339K | Reduce -16.8% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.06% | 12,762 | $321K | New |
| BSCR Invesco Bulletshares 2027 CB | 0.06% | 15,824 | $311K | Add +10.7% |
| FBTC Fidelity Wise Origin Bitcoin | 0.05% | 2,570 | $268K | Reduce -33.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 595 | $265K | New |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.05% | 3,445 | $261K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.05% | 1,229 | $252K | New |
| AVGO Broadcom Inc. | 0.05% | 884 | $248K | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.05% | 1,398 | $247K | New |
| GSUS Goldman Sachs Marketbeta US | 0.04% | 2,683 | $232K | No change |
| TBLL Invesco Short Term Treasury | 0.04% | 1,960 | $207K | New |
| UFEB Innovator U.S. Equity Ultra | 0.04% | 5,827 | $201K | No change |
| DNP DNP Select Income Fund Inc. | 0.03% | 16,357 | $159K | Add +2.7% |
| CODX Co.-Diagnostics Inc. | 0.00% | 28,000 | $7K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| BSCP Invesco Bulletshares 2025 CB | Reduce -49.6% | 4.76% | −6.27 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −3.61 |
| GLD SPDR Gold Shares | Reduce -3.3% | 8.01% | −0.59 |
| SDCI Uscf Summerhaven Dynamic ETF | Reduce -6.7% | 3.57% | −0.44 |
| PHYS Sprott Physical Gold Trust | Reduce -1.0% | 1.69% | −0.09 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.08 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -25.7% | 0.24% | −0.05 |
| UDEC Innovator U.S. Equity Ultra | Sold out | 0.00% | −0.04 |
| BSCS Invesco Bulletshares 2028 CB | Sold out | 0.00% | −0.03 |
| BND Vanguard Total Bond Market | Reduce -11.2% | 0.09% | −0.03 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -16.8% | 0.07% | −0.03 |
| BSCT Invesco Bulletshares 2029 CB | Sold out | 0.00% | −0.02 |
| UAPR Innovator U.S. Equity Ultra | Sold out | 0.00% | −0.02 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -7.0% | 0.07% | −0.02 |
| SPAB SS SPDR P Agg Bond ETF | Sold out | 0.00% | −0.02 |
| OLO Olo Inc. Class A | Sold out | 0.00% | −0.01 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -33.7% | 0.05% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -8.6% | 0.07% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -3.9% | 0.11% | −0.00 |
| CWI State Street SPDR MSCI Acwi | Reduce -4.5% | 0.10% | −0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -0.2% | 0.09% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.4% | 0.11% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.4% | 0.15% | +0.01 |
| VXF Vanguard Extended Market ETF | Reduce -2.7% | 2.51% | +0.14 |
Portfolio Buys Q1 2025 → Q2 2025
| FDD First Trust Stoxx Europe | New | 3.74% | +3.74 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 1.92% | +1.92 |
| XAR SS SPDR S&P Aerospace Def | New | 1.91% | +1.91 |
| SHLD Global X Defense Tech ETF | New | 1.88% | +1.88 |
| IVV iShares Core S&P 500 ETF | Add +11.0% | 4.20% | +0.63 |
| EUAD Select Stoxx Eur Aer DE ETF | Add +8.5% | 1.93% | +0.48 |
| RAA Smi 3FOURTEEN RL Asst Alloc | Add +2.5% | 35.82% | +0.25 |
| GVAL Cambria Global Value ETF | Add +2.0% | 3.66% | +0.24 |
| VOO Vanguard S&P 500 ETF | New | 0.21% | +0.21 |
| LLY Eli Lilly & Co. | New | 0.17% | +0.17 |
| IWB iShares Russell 1000 ETF | New | 0.13% | +0.13 |
| IWF iShares Russell 1000 Growth | New | 0.12% | +0.12 |
| XOM Exxon Mobil Corp. | New | 0.12% | +0.12 |
| HWM Howmet Aerospace Inc. | New | 0.07% | +0.07 |
| IBDQ iShares Ibonds Dec 2025 Term | New | 0.06% | +0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.05% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | New | 0.05% | +0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.05% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.9% | 0.53% | +0.04 |
| TBLL Invesco Short Term Treasury | New | 0.04% | +0.04 |
| SCHK Schwab 1000 Index ETF | Add +0.0% | 0.11% | +0.01 |
| DNP DNP Select Income Fund Inc. | Add +2.7% | 0.03% | −0.00 |
| BSCR Invesco Bulletshares 2027 CB | Add +10.7% | 0.06% | −0.00 |
| AGGY Wisdomtree Yield Enhanced US | Add +6.9% | 0.10% | −0.01 |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | Add +2.0% | 14.24% | −0.21 |
| SCHO Schwab Short-Term US Treas | Add +2.4% | 1.68% | −0.25 |
| BIV Vanguard Intermediate-Term B | Add +3.4% | 4.64% | −0.60 |
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 |