SMI Advisory Services, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 7, 2026), SMI Advisory Services, LLC reported 60 stock positions worth $606.9 million. Its top holding was Smi 3FOURTEEN RL Asst Alloc (RAA) at 35.2% of the portfolio, followed by iShares Russell 1000 Value E (IWD, 9.6%) and Smi 3FOURTEEN Full-CYCL TRND (FCTE, 9.6%). Compared with Q4 2025, it opened 7 new positions, sold out of 6, added to 21 and reduced 27. The biggest buy was a new position in In Gro-100 PWR Buf ETF - Dec (NDEC) and the biggest sale Invesco Nasdaq 100 ETF (QQQM, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- COLUMBUS, IN
- CIK
- 0001609008
- Portfolio Value
- $606.9M (Q1 2026)
- SEC Filing
- 0001609008-26-000002 ↗ filed Apr 7, 2026
Holdings Value
Holdings 60 stocks · $606.9M
| RAA Smi 3FOURTEEN RL Asst Alloc | 35.17% | 7,655,919 | $213.5M | Add +3.1% |
| IWD iShares Russell 1000 Value E | 9.63% | 269,894 | $58.5M | Add +6.0% |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | 9.56% | 2,312,825 | $58.0M | Add +5.5% |
| GLD SPDR Gold Shares | 8.17% | 116,005 | $49.6M | Reduce -4.4% |
| SDCI Uscf Summerhaven Dynamic ETF | 3.89% | 854,711 | $23.6M | Add +1.6% |
| QTPI NRTH Squr Rcim Tax-Ad Is ETF filed as EXCHANGE PLACE ADVISORS TRUS | 3.60% | 858,338 | $21.8M | Add +6.2% |
| GVAL Cambria Global Value ETF | 3.50% | 629,038 | $21.2M | Add +3.1% |
| WCPB Weitz Core Plus Bond ETF | 3.40% | 814,050 | $20.6M | Add +12.2% |
| XME SS SPDR S&P Metals Mining | 3.28% | 180,486 | $19.9M | Add +62.3% |
| FDT First Trust Develp MKT Ex-US | 2.96% | 203,985 | $18.0M | Add +23.6% |
| IVV iShares Core S&P 500 ETF | 2.63% | 24,136 | $16.0M | Reduce -14.6% |
| NDEC In Gro-100 PWR Buf ETF - Dec | 1.87% | 415,766 | $11.3M | New |
| PHYS Sprott Physical Gold Trust | 1.82% | 312,744 | $11.0M | Reduce -3.4% |
| VXF Vanguard Extended Market ETF | 1.47% | 42,610 | $8.9M | Reduce -19.0% |
| SCHO Schwab Short-Term US Treas | 1.26% | 317,022 | $7.7M | Reduce -5.0% |
| DFAS Dimensional US Small Cap ETF | 0.93% | 77,905 | $5.6M | Add +110.7% |
| XLK SS Technology Select Sector | 0.66% | 29,312 | $4.0M | Reduce -39.3% |
| XLE SS Energy Select Sector | 0.66% | 66,712 | $4.0M | New |
| DFAI Dimensional International Co. | 0.61% | 93,554 | $3.7M | Add +126.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.45% | 58,630 | $2.7M | New |
| HUBB Hubbell Inc. | 0.34% | 4,128 | $2.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 2,332 | $1.5M | Reduce -38.8% |
| XLF SS Financial Select Sector | 0.25% | 29,891 | $1.5M | Reduce -59.0% |
| XLRE SS Real Estate Select Sector | 0.24% | 34,341 | $1.4M | New |
| XLY SS Consumer Disc Select Sect | 0.22% | 12,036 | $1.3M | Reduce -35.3% |
| XLC SS Comm Select Sector SPDR | 0.21% | 11,666 | $1.3M | Reduce -59.7% |
| XLI SS Industrial Select Sector | 0.19% | 6,957 | $1.1M | Reduce -33.0% |
| XLV SS Health Care Select Sector | 0.19% | 7,737 | $1.1M | Add +290.4% |
| QQQM Invesco Nasdaq 100 ETF | 0.17% | 4,341 | $1.1M | Reduce -83.1% |
| LLY Eli Lilly & Co. | 0.17% | 1,088 | $1.0M | Add +0.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.15% | 11,653 | $925K | New |
| IBDR iShares Ibonds Dec 2026 Term | 0.13% | 32,858 | $794K | Add +4.5% |
| NVDA Nvidia Corp. | 0.13% | 4,280 | $760K | No change |
| SCHF Schwab Intl Equity ETF | 0.12% | 28,076 | $706K | New |
| IWF iShares Russell 1000 Growth | 0.12% | 1,631 | $704K | Reduce -30.9% |
| BSCQ Invesco Bulletshares 2026 CB | 0.11% | 32,842 | $642K | Add +2.7% |
| SCHK Schwab 1000 Index ETF | 0.10% | 19,153 | $608K | Reduce -2.1% |
| XLP SS Consumer Staples Sel Sect | 0.10% | 7,312 | $604K | New |
| VOO Vanguard S&P 500 ETF | 0.10% | 993 | $602K | Reduce -26.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.10% | 1,961 | $594K | Reduce -20.5% |
| CWI State Street SPDR MSCI Acwi | 0.09% | 14,703 | $545K | Reduce -8.0% |
| BND Vanguard Total Bond Market | 0.09% | 7,383 | $542K | Add +3.2% |
| TJAN Inv E D PRT ETF - 2Y T JAN27 | 0.08% | 18,817 | $512K | Reduce -29.2% |
| BSCR Invesco Bulletshares 2027 CB | 0.08% | 24,020 | $472K | Add +7.0% |
| HWM Howmet Aerospace Inc. | 0.07% | 1,925 | $455K | No change |
| IWB iShares Russell 1000 ETF | 0.07% | 1,226 | $443K | Reduce -21.4% |
| XOM Exxon Mobil Corp. | 0.07% | 2,542 | $415K | Reduce -4.6% |
| IWR iShares Russell Mid-Cap ETF | 0.06% | 3,899 | $385K | Reduce -24.4% |
| BSCS Invesco Bulletshares 2028 CB | 0.06% | 17,173 | $351K | Add +5.4% |
| DLN Wisdomtree US Largecap Divid | 0.05% | 3,329 | $299K | Add +0.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.05% | 3,782 | $293K | Reduce -0.9% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.05% | 4,865 | $292K | Reduce -31.3% |
| SFLR Innovator Eqty MGD Floor ETF | 0.05% | 7,857 | $281K | Reduce -40.5% |
| SPTS SS SPDR P St Term TSY ETF | 0.05% | 9,636 | $280K | Add +2.5% |
| VIG Vanguard Dividend Apprec ETF | 0.04% | 1,136 | $246K | Reduce -0.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.04% | 2,891 | $232K | Reduce -1.2% |
| ILCV iShares Morningstar Value Et | 0.04% | 2,363 | $222K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.04% | 1,105 | $219K | No change |
| XLB SS Materials Select Sector | 0.04% | 4,246 | $213K | Reduce -36.3% |
| DNP DNP Select Income Fund Inc. | 0.03% | 17,220 | $177K | Add +1.3% |
Portfolio Sells Q4 2025 → Q1 2026
| QQQM Invesco Nasdaq 100 ETF | Reduce -83.1% | 0.17% | −0.97 |
| IVV iShares Core S&P 500 ETF | Reduce -14.6% | 2.63% | −0.77 |
| GLD SPDR Gold Shares | Reduce -4.4% | 8.17% | −0.66 |
| XLK SS Technology Select Sector | Reduce -39.3% | 0.66% | −0.56 |
| VXF Vanguard Extended Market ETF | Reduce -19.0% | 1.47% | −0.52 |
| XLF SS Financial Select Sector | Reduce -59.0% | 0.25% | −0.45 |
| XLC SS Comm Select Sector SPDR | Reduce -59.7% | 0.21% | −0.37 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -38.8% | 0.25% | −0.20 |
| XLY SS Consumer Disc Select Sect | Reduce -35.3% | 0.22% | −0.18 |
| SCHO Schwab Short-Term US Treas | Reduce -5.0% | 1.26% | −0.14 |
| PHYS Sprott Physical Gold Trust | Reduce -3.4% | 1.82% | −0.14 |
| XLI SS Industrial Select Sector | Reduce -33.0% | 0.19% | −0.10 |
| IWF iShares Russell 1000 Growth | Reduce -30.9% | 0.12% | −0.08 |
| VEU Vanguard Ftse All-World Ex-U | Sold out | 0.00% | −0.08 |
| VOO Vanguard S&P 500 ETF | Reduce -26.8% | 0.10% | −0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.04 |
| GSUS Goldman Sachs Marketbeta US | Sold out | 0.00% | −0.04 |
| TJAN Inv E D PRT ETF - 2Y T JAN27 | Reduce -29.2% | 0.08% | −0.04 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.04 |
| SFLR Innovator Eqty MGD Floor ETF | Reduce -40.5% | 0.05% | −0.04 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -20.5% | 0.10% | −0.04 |
| UFEB Innovator U.S. Equity Ultra | Sold out | 0.00% | −0.04 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -21.4% | 0.07% | −0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -31.3% | 0.05% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -24.4% | 0.06% | −0.03 |
| XLB SS Materials Select Sector | Reduce -36.3% | 0.04% | −0.02 |
| CWI State Street SPDR MSCI Acwi | Reduce -8.0% | 0.09% | −0.01 |
| SCHK Schwab 1000 Index ETF | Reduce -2.1% | 0.10% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.9% | 0.05% | −0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -1.2% | 0.04% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.3% | 0.04% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -4.6% | 0.07% | +0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| NDEC In Gro-100 PWR Buf ETF - Dec | New | 1.87% | +1.87 |
| XME SS SPDR S&P Metals Mining | Add +62.3% | 3.28% | +0.97 |
| XLE SS Energy Select Sector | New | 0.66% | +0.66 |
| SDCI Uscf Summerhaven Dynamic ETF | Add +1.6% | 3.89% | +0.58 |
| FDT First Trust Develp MKT Ex-US | Add +23.6% | 2.96% | +0.57 |
| DFAS Dimensional US Small Cap ETF | Add +110.7% | 0.93% | +0.46 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.45% | +0.45 |
| DFAI Dimensional International Co. | Add +126.3% | 0.61% | +0.33 |
| XLRE SS Real Estate Select Sector | New | 0.24% | +0.24 |
| WCPB Weitz Core Plus Bond ETF | Add +12.2% | 3.40% | +0.18 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.15% | +0.15 |
| XLV SS Health Care Select Sector | Add +290.4% | 0.19% | +0.13 |
| SCHF Schwab Intl Equity ETF | New | 0.12% | +0.12 |
| XLP SS Consumer Staples Sel Sect | New | 0.10% | +0.10 |
| IWD iShares Russell 1000 Value E | Add +6.0% | 9.63% | +0.07 |
| GVAL Cambria Global Value ETF | Add +3.1% | 3.50% | +0.05 |
| QTPI NRTH Squr Rcim Tax-Ad Is ETF | Add +6.2% | 3.60% | +0.00 |
| BSCR Invesco Bulletshares 2027 CB | Add +7.0% | 0.08% | +0.00 |
| BSCS Invesco Bulletshares 2028 CB | Add +5.4% | 0.06% | 0.00 |
| DNP DNP Select Income Fund Inc. | Add +1.3% | 0.03% | −0.00 |
| IBDR iShares Ibonds Dec 2026 Term | Add +4.5% | 0.13% | −0.00 |
| SPTS SS SPDR P St Term TSY ETF | Add +2.5% | 0.05% | −0.00 |
| BND Vanguard Total Bond Market | Add +3.2% | 0.09% | −0.00 |
| DLN Wisdomtree US Largecap Divid | Add +0.3% | 0.05% | −0.00 |
| BSCQ Invesco Bulletshares 2026 CB | Add +2.7% | 0.11% | −0.00 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.17% | −0.04 |
| FCTE Smi 3FOURTEEN Full-CYCL TRND | Add +5.5% | 9.56% | −0.26 |
| RAA Smi 3FOURTEEN RL Asst Alloc | Add +3.1% | 35.17% | −0.90 |
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 |