SMI Advisory Services, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 13, 2026), SMI Advisory Services, LLC reported 59 stock positions worth $580.3 million. Its top holding was Smi 3FOURTEEN RL Asst Alloc (RAA) at 36.1% of the portfolio, followed by Smi 3FOURTEEN Full-CYCL TRND (FCTE, 9.8%) and iShares Russell 1000 Value E (IWD, 9.6%). Compared with Q3 2025, it opened 12 new positions, sold out of 9, added to 15 and reduced 24. The biggest buy was a new position in iShares Russell 1000 Value E (IWD) and the biggest sale an exit from Invesco Bulletshares 2025 CB (BSCP).
- Most Recent 13F
- Q2 2026
- Location
- COLUMBUS, IN
- CIK
- 0001609008
- Portfolio Value
- $580.3M (Q4 2025)
- SEC Filing
- 0001609008-26-000001 ↗ filed Jan 13, 2026
Holdings Value
Holdings 59 stocks · $580.3M
| RAA Smi 3FOURTEEN RL Asst Alloc | 36.07% | 7,422,221 | $209.3M | Add +3.1% |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | 9.82% | 2,192,896 | $57.0M | Reduce -20.2% |
| IWD iShares Russell 1000 Value E | 9.56% | 254,744 | $55.5M | New |
| GLD SPDR Gold Shares | 8.83% | 121,379 | $51.2M | Reduce -4.7% |
| QTPI NRTH Squr Rcim Tax-Ad Is ETF filed as EXCHANGE PLACE ADVISORS TRUS | 3.59% | 808,213 | $20.9M | New |
| GVAL Cambria Global Value ETF | 3.45% | 610,335 | $20.0M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 3.40% | 28,245 | $19.7M | Reduce -17.4% |
| SDCI Uscf Summerhaven Dynamic ETF | 3.31% | 841,490 | $19.2M | Add +2.2% |
| WCPB Weitz Core Plus Bond ETF | 3.21% | 725,613 | $18.6M | New |
| FDT First Trust Develp MKT Ex-US | 2.39% | 165,015 | $13.8M | New |
| XME SS SPDR S&P Metals Mining | 2.31% | 111,207 | $13.4M | Add +0.7% |
| VXF Vanguard Extended Market ETF | 1.99% | 52,599 | $11.5M | Reduce -19.4% |
| PHYS Sprott Physical Gold Trust | 1.95% | 323,644 | $11.3M | Reduce -4.6% |
| SCHO Schwab Short-Term US Treas | 1.40% | 333,624 | $8.1M | Reduce -7.5% |
| XLK SS Technology Select Sector | 1.22% | 48,299 | $7.1M | Reduce -39.4% |
| QQQM Invesco Nasdaq 100 ETF | 1.14% | 25,683 | $6.6M | Add +624.5% |
| XLF SS Financial Select Sector | 0.69% | 72,842 | $4.0M | Add +31.4% |
| XLC SS Comm Select Sector SPDR | 0.59% | 28,937 | $3.4M | Add +2.7% |
| DFAS Dimensional US Small Cap ETF | 0.47% | 36,970 | $2.7M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 3,809 | $2.6M | Add +1.6% |
| XLY SS Consumer Disc Select Sect | 0.40% | 18,612 | $2.3M | Reduce -36.5% |
| HUBB Hubbell Inc. | 0.34% | 4,128 | $2.0M | Reduce -1.6% |
| XLI SS Industrial Select Sector | 0.29% | 10,382 | $1.7M | Add +9.0% |
| DFAI Dimensional International Co. | 0.28% | 41,335 | $1.6M | New |
| LLY Eli Lilly & Co. | 0.20% | 1,087 | $1.2M | Add +0.2% |
| IWF iShares Russell 1000 Growth | 0.19% | 2,361 | $1.1M | Reduce -93.8% |
| VOO Vanguard S&P 500 ETF | 0.15% | 1,356 | $867K | Reduce -25.5% |
| NVDA Nvidia Corp. | 0.14% | 4,280 | $792K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.14% | 2,468 | $791K | Reduce -7.2% |
| IBDR iShares Ibonds Dec 2026 Term | 0.13% | 31,428 | $762K | New |
| TJAN Inv E D PRT ETF - 2Y T JAN27 | 0.13% | 26,563 | $728K | No change |
| SCHK Schwab 1000 Index ETF | 0.11% | 19,574 | $656K | Reduce -0.1% |
| BSCQ Invesco Bulletshares 2026 CB | 0.11% | 31,982 | $626K | Add +69.0% |
| CWI State Street SPDR MSCI Acwi | 0.10% | 15,977 | $598K | Reduce -2.8% |
| IWB iShares Russell 1000 ETF | 0.10% | 1,559 | $594K | Reduce -16.9% |
| BND Vanguard Total Bond Market | 0.09% | 7,151 | $531K | Add +0.4% |
| IWR iShares Russell Mid-Cap ETF | 0.09% | 5,161 | $517K | Reduce -11.3% |
| SFLR Innovator Eqty MGD Floor ETF | 0.09% | 13,204 | $494K | New |
| BSCR Invesco Bulletshares 2027 CB | 0.08% | 22,459 | $443K | Add +41.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.08% | 5,774 | $443K | Reduce -28.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.07% | 7,080 | $430K | Reduce -8.3% |
| HWM Howmet Aerospace Inc. | 0.07% | 1,925 | $424K | No change |
| BSCS Invesco Bulletshares 2028 CB | 0.06% | 16,294 | $335K | New |
| XOM Exxon Mobil Corp. | 0.06% | 2,664 | $330K | Reduce -50.5% |
| XLB SS Materials Select Sector | 0.06% | 6,664 | $323K | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.05% | 3,816 | $312K | Reduce -1.1% |
| XLV SS Health Care Select Sector | 0.05% | 1,982 | $312K | New |
| DLN Wisdomtree US Largecap Divid | 0.05% | 3,319 | $298K | New |
| SPTS SS SPDR P St Term TSY ETF | 0.05% | 9,401 | $275K | Add +2.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.04% | 528 | $260K | Reduce -11.3% |
| GSUS Goldman Sachs Marketbeta US | 0.04% | 2,683 | $258K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.04% | 1,139 | $257K | Reduce -7.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.04% | 2,926 | $247K | Reduce -15.1% |
| MSFT Microsoft Corp. | 0.04% | 480 | $229K | No change |
| ILCV iShares Morningstar Value Et | 0.04% | 2,363 | $228K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.04% | 1,105 | $218K | Reduce -21.0% |
| UFEB Innovator U.S. Equity Ultra | 0.04% | 5,827 | $216K | No change |
| IVW iShares S&P 500 Growth ETF | 0.04% | 1,708 | $214K | No change |
| DNP DNP Select Income Fund Inc. | 0.03% | 17,005 | $170K | Add +2.6% |
Portfolio Sells Q3 2025 → Q4 2025
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −4.85 |
| BIV Vanguard Intermediate-Term B | Sold out | 0.00% | −4.70 |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | Reduce -20.2% | 9.82% | −3.86 |
| IWF iShares Russell 1000 Growth | Reduce -93.8% | 0.19% | −3.18 |
| IVV iShares Core S&P 500 ETF | Reduce -17.4% | 3.40% | −0.95 |
| XLK SS Technology Select Sector | Reduce -39.4% | 1.22% | −0.92 |
| VXF Vanguard Extended Market ETF | Reduce -19.4% | 1.99% | −0.63 |
| SCHO Schwab Short-Term US Treas | Reduce -7.5% | 1.40% | −0.26 |
| XLY SS Consumer Disc Select Sect | Reduce -36.5% | 0.40% | −0.26 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.14 |
| VOO Vanguard S&P 500 ETF | Reduce -25.5% | 0.15% | −0.06 |
| AGGY Wisdomtree Yield Enhanced US | Sold out | 0.00% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -50.5% | 0.06% | −0.06 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.06 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.05 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.04 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −0.04 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -28.7% | 0.08% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -16.9% | 0.10% | −0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -7.2% | 0.14% | −0.02 |
| IWR iShares Russell Mid-Cap ETF | Reduce -11.3% | 0.09% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -21.0% | 0.04% | −0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -15.1% | 0.04% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -8.3% | 0.07% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -11.3% | 0.04% | −0.01 |
| CWI State Street SPDR MSCI Acwi | Reduce -2.8% | 0.10% | −0.01 |
| SCHK Schwab 1000 Index ETF | Reduce -0.1% | 0.11% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -7.3% | 0.04% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -1.1% | 0.05% | −0.00 |
| CODX Co.-Diagnostics Inc. | Sold out | 0.00% | −0.00 |
| HUBB Hubbell Inc. | Reduce -1.6% | 0.34% | +0.01 |
| PHYS Sprott Physical Gold Trust | Reduce -4.6% | 1.95% | +0.04 |
| GLD SPDR Gold Shares | Reduce -4.7% | 8.83% | +0.22 |
Portfolio Buys Q3 2025 → Q4 2025
| IWD iShares Russell 1000 Value E | New | 9.56% | +9.56 |
| QTPI NRTH Squr Rcim Tax-Ad Is ETF | New | 3.59% | +3.59 |
| WCPB Weitz Core Plus Bond ETF | New | 3.21% | +3.21 |
| FDT First Trust Develp MKT Ex-US | New | 2.39% | +2.39 |
| QQQM Invesco Nasdaq 100 ETF | Add +624.5% | 1.14% | +0.98 |
| DFAS Dimensional US Small Cap ETF | New | 0.47% | +0.47 |
| DFAI Dimensional International Co. | New | 0.28% | +0.28 |
| XME SS SPDR S&P Metals Mining | Add +0.7% | 2.31% | +0.27 |
| GVAL Cambria Global Value ETF | Add +2.6% | 3.45% | +0.15 |
| IBDR iShares Ibonds Dec 2026 Term | New | 0.13% | +0.13 |
| XLF SS Financial Select Sector | Add +31.4% | 0.69% | +0.13 |
| SFLR Innovator Eqty MGD Floor ETF | New | 0.09% | +0.09 |
| BSCS Invesco Bulletshares 2028 CB | New | 0.06% | +0.06 |
| XLB SS Materials Select Sector | New | 0.06% | +0.06 |
| XLV SS Health Care Select Sector | New | 0.05% | +0.05 |
| DLN Wisdomtree US Largecap Divid | New | 0.05% | +0.05 |
| BSCQ Invesco Bulletshares 2026 CB | Add +69.0% | 0.11% | +0.04 |
| LLY Eli Lilly & Co. | Add +0.2% | 0.20% | +0.03 |
| BSCR Invesco Bulletshares 2027 CB | Add +41.1% | 0.08% | +0.02 |
| XLI SS Industrial Select Sector | Add +9.0% | 0.29% | +0.01 |
| DNP DNP Select Income Fund Inc. | Add +2.6% | 0.03% | −0.00 |
| SPTS SS SPDR P St Term TSY ETF | Add +2.2% | 0.05% | −0.00 |
| BND Vanguard Total Bond Market | Add +0.4% | 0.09% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.6% | 0.46% | −0.02 |
| XLC SS Comm Select Sector SPDR | Add +2.7% | 0.59% | −0.03 |
| SDCI Uscf Summerhaven Dynamic ETF | Add +2.2% | 3.31% | −0.24 |
| RAA Smi 3FOURTEEN RL Asst Alloc | Add +3.1% | 36.07% | −1.18 |
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 |