SMI Advisory Services, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 6, 2025), SMI Advisory Services, LLC reported 56 stock positions worth $528.6 million. Its top holding was Smi 3FOURTEEN RL Asst Alloc (RAA) at 37.2% of the portfolio, followed by Smi 3FOURTEEN Full-CYCL TRND (FCTE, 13.7%) and SPDR Gold Shares (GLD, 8.6%). Compared with Q2 2025, it opened 11 new positions, sold out of 6, added to 12 and reduced 22. The biggest buy was iShares Russell 1000 Growth (IWF, shares +2606%) and the biggest sale an exit from First Trust Stoxx Europe (FDD).
- Most Recent 13F
- Q2 2026
- Location
- COLUMBUS, IN
- CIK
- 0001609008
- Portfolio Value
- $528.6M (Q3 2025)
- SEC Filing
- 0001609008-25-000006 ↗ filed Oct 6, 2025
Holdings Value
Holdings 56 stocks · $528.6M
| RAA Smi 3FOURTEEN RL Asst Alloc | 37.25% | 7,200,535 | $196.9M | Add +0.1% |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | 13.68% | 2,747,906 | $72.3M | Reduce -3.4% |
| GLD SPDR Gold Shares | 8.61% | 127,316 | $45.5M | Reduce -5.3% |
| BSCP Invesco Bulletshares 2025 CB | 4.85% | 1,239,406 | $25.7M | Add +4.2% |
| BIV Vanguard Intermediate-Term B | 4.70% | 318,471 | $24.9M | Add +1.2% |
| IVV iShares Core S&P 500 ETF | 4.35% | 34,192 | $23.0M | Reduce -1.3% |
| SDCI Uscf Summerhaven Dynamic ETF | 3.55% | 823,016 | $18.7M | Reduce -2.6% |
| IWF iShares Russell 1000 Growth | 3.38% | 37,966 | $17.8M | Add +2606.1% |
| GVAL Cambria Global Value ETF | 3.30% | 594,771 | $17.4M | Reduce -13.9% |
| VXF Vanguard Extended Market ETF | 2.62% | 65,253 | $13.8M | Reduce -1.4% |
| XLK SS Technology Select Sector | 2.15% | 39,851 | $11.3M | New |
| XME SS SPDR S&P Metals Mining | 2.04% | 110,417 | $10.8M | New |
| PHYS Sprott Physical Gold Trust | 1.92% | 339,343 | $10.1M | Reduce -0.8% |
| SCHO Schwab Short-Term US Treas | 1.66% | 360,722 | $8.8M | Add +0.8% |
| XLY SS Consumer Disc Select Sect | 0.66% | 14,666 | $3.5M | New |
| XLC SS Comm Select Sector SPDR | 0.62% | 28,176 | $3.3M | New |
| XLF SS Financial Select Sector | 0.56% | 55,424 | $3.0M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.47% | 3,751 | $2.5M | Reduce -14.1% |
| HUBB Hubbell Inc. | 0.33% | 4,196 | $1.7M | No change |
| XLI SS Industrial Select Sector | 0.28% | 9,527 | $1.5M | New |
| VOO Vanguard S&P 500 ETF | 0.21% | 1,821 | $1.1M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 0.17% | 1,085 | $911K | Add +0.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.17% | 3,545 | $880K | Reduce -34.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.16% | 2,658 | $822K | Reduce -4.5% |
| NVDA Nvidia Corp. | 0.15% | 4,280 | $803K | Reduce -2.7% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.14% | 29,222 | $734K | Add +129.0% |
| TJAN Inv E D PRT ETF - 2Y T JAN27 | 0.14% | 26,563 | $719K | No change |
| IWB iShares Russell 1000 ETF | 0.13% | 1,877 | $690K | Reduce -4.1% |
| SCHK Schwab 1000 Index ETF | 0.12% | 19,585 | $632K | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.12% | 5,381 | $609K | Add +0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.11% | 8,097 | $588K | Reduce -0.9% |
| CWI State Street SPDR MSCI Acwi | 0.11% | 16,428 | $583K | Reduce -1.2% |
| IWR iShares Russell Mid-Cap ETF | 0.11% | 5,818 | $566K | Reduce -1.2% |
| BND Vanguard Total Bond Market | 0.10% | 7,122 | $529K | Add +9.4% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.08% | 7,717 | $445K | Reduce -4.4% |
| BSCQ Invesco Bulletshares 2026 CB | 0.07% | 18,925 | $370K | Add +5.0% |
| HWM Howmet Aerospace Inc. | 0.07% | 1,925 | $364K | No change |
| BSCR Invesco Bulletshares 2027 CB | 0.06% | 15,919 | $314K | Add +0.6% |
| AGGY Wisdomtree Yield Enhanced US | 0.06% | 7,041 | $312K | Reduce -41.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.06% | 3,857 | $304K | Reduce -24.2% |
| AVGO Broadcom Inc. | 0.06% | 884 | $299K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 595 | $286K | No change |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.05% | 3,445 | $279K | No change |
| SPTS SS SPDR P St Term TSY ETF | 0.05% | 9,200 | $269K | Reduce -20.9% |
| VIG Vanguard Dividend Apprec ETF | 0.05% | 1,229 | $268K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.05% | 1,398 | $262K | No change |
| FBTC Fidelity Wise Origin Bitcoin | 0.05% | 2,390 | $256K | Reduce -7.0% |
| GSUS Goldman Sachs Marketbeta US | 0.05% | 2,683 | $249K | No change |
| MSFT Microsoft Corp. | 0.05% | 480 | $248K | New |
| AAPL Apple Inc. | 0.04% | 839 | $216K | New |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.04% | 535 | $216K | New |
| ILCV iShares Morningstar Value Et | 0.04% | 2,363 | $214K | New |
| UFEB Innovator U.S. Equity Ultra | 0.04% | 5,827 | $209K | No change |
| IVW iShares S&P 500 Growth ETF | 0.04% | 1,708 | $207K | New |
| DNP DNP Select Income Fund Inc. | 0.03% | 16,573 | $165K | Add +1.3% |
| CODX Co.-Diagnostics Inc. | 0.00% | 28,000 | $11K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| FDD First Trust Stoxx Europe | Sold out | 0.00% | −3.74 |
| EUAD Select Stoxx Eur Aer DE ETF | Sold out | 0.00% | −1.93 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Sold out | 0.00% | −1.92 |
| XAR SS SPDR S&P Aerospace Def | Sold out | 0.00% | −1.91 |
| SHLD Global X Defense Tech ETF | Sold out | 0.00% | −1.88 |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | Reduce -3.4% | 13.68% | −0.56 |
| GVAL Cambria Global Value ETF | Reduce -13.9% | 3.30% | −0.36 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -34.6% | 0.17% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -14.1% | 0.47% | −0.05 |
| AGGY Wisdomtree Yield Enhanced US | Reduce -41.7% | 0.06% | −0.04 |
| TBLL Invesco Short Term Treasury | Sold out | 0.00% | −0.04 |
| SDCI Uscf Summerhaven Dynamic ETF | Reduce -2.6% | 3.55% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -24.2% | 0.06% | −0.01 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -20.9% | 0.05% | −0.01 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -7.0% | 0.05% | −0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -4.4% | 0.08% | −0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -4.5% | 0.16% | +0.00 |
| IWB iShares Russell 1000 ETF | Reduce -4.1% | 0.13% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -1.2% | 0.11% | +0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -3.0% | 0.21% | +0.00 |
| SCHK Schwab 1000 Index ETF | Reduce -0.2% | 0.12% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.9% | 0.11% | +0.01 |
| CWI State Street SPDR MSCI Acwi | Reduce -1.2% | 0.11% | +0.01 |
| NVDA Nvidia Corp. | Reduce -2.7% | 0.15% | +0.01 |
| VXF Vanguard Extended Market ETF | Reduce -1.4% | 2.62% | +0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -1.3% | 4.35% | +0.15 |
| PHYS Sprott Physical Gold Trust | Reduce -0.8% | 1.92% | +0.23 |
| GLD SPDR Gold Shares | Reduce -5.3% | 8.61% | +0.61 |
Portfolio Buys Q2 2025 → Q3 2025
| IWF iShares Russell 1000 Growth | Add +2606.1% | 3.38% | +3.26 |
| XLK SS Technology Select Sector | New | 2.15% | +2.15 |
| XME SS SPDR S&P Metals Mining | New | 2.04% | +2.04 |
| RAA Smi 3FOURTEEN RL Asst Alloc | Add +0.1% | 37.25% | +1.43 |
| XLY SS Consumer Disc Select Sect | New | 0.66% | +0.66 |
| XLC SS Comm Select Sector SPDR | New | 0.62% | +0.62 |
| XLF SS Financial Select Sector | New | 0.56% | +0.56 |
| XLI SS Industrial Select Sector | New | 0.28% | +0.28 |
| BSCP Invesco Bulletshares 2025 CB | Add +4.2% | 4.85% | +0.09 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +129.0% | 0.14% | +0.08 |
| BIV Vanguard Intermediate-Term B | Add +1.2% | 4.70% | +0.06 |
| MSFT Microsoft Corp. | New | 0.05% | +0.05 |
| AAPL Apple Inc. | New | 0.04% | +0.04 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.04% | +0.04 |
| ILCV iShares Morningstar Value Et | New | 0.04% | +0.04 |
| IVW iShares S&P 500 Growth ETF | New | 0.04% | +0.04 |
| BND Vanguard Total Bond Market | Add +9.4% | 0.10% | +0.01 |
| LLY Eli Lilly & Co. | Add +0.2% | 0.17% | +0.01 |
| BSCQ Invesco Bulletshares 2026 CB | Add +5.0% | 0.07% | +0.00 |
| DNP DNP Select Income Fund Inc. | Add +1.3% | 0.03% | +0.00 |
| XOM Exxon Mobil Corp. | Add +0.9% | 0.12% | −0.00 |
| BSCR Invesco Bulletshares 2027 CB | Add +0.6% | 0.06% | −0.00 |
| SCHO Schwab Short-Term US Treas | Add +0.8% | 1.66% | −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 |