Steele Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Steele Capital Management, Inc. reported 79 stock positions worth $2.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.1% of the portfolio, followed by Schwab Fndmntl US LRG Co. ETF (FNDX, 7.1%) and Schwab Intl Equity ETF (SCHF, 6.9%). Compared with Q3 2025, it opened 3 new positions, sold out of 6, added to 42 and reduced 26. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +3%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- DUBUQUE, IA
- CIK
- 0001646695
- Portfolio Value
- $2.3B (Q4 2025)
- SEC Filing
- 0001646695-26-000001 ↗ filed Jan 27, 2026
Holdings Value
Holdings 79 stocks · $2.3B
| IVV iShares Core S&P 500 ETF | 11.09% | 377,396 | $258.5M | Add +0.6% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 7.14% | 6,112,690 | $166.3M | Add +1.0% |
| SCHF Schwab Intl Equity ETF | 6.94% | 6,727,377 | $161.7M | Add +2.5% |
| VOO Vanguard S&P 500 ETF | 5.89% | 218,957 | $137.3M | Add +1.1% |
| VEA Vanguard Ftse Developed ETF | 5.66% | 2,110,333 | $131.8M | Add +2.9% |
| QQQ Invesco QQQ Trust Series 1 | 5.42% | 205,424 | $126.2M | Reduce -1.4% |
| SCHX Schwab US Large-Cap ETF | 4.60% | 3,985,073 | $107.2M | Add +1.8% |
| VWO Vanguard Ftse Emerging Marke | 4.27% | 1,851,829 | $99.6M | Add +2.9% |
| AGG iShares Core U.S. Aggregate | 4.00% | 933,394 | $93.2M | Add +6.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.98% | 1,163,215 | $92.7M | Add +5.3% |
| IJR iShares Core S&P Small-Cap E | 3.25% | 630,262 | $75.7M | Add +2.2% |
| SCHA Schwab US Small-Cap ETF | 2.78% | 2,273,570 | $64.8M | Add +0.7% |
| FNDA Schwab Fndmntl US SM Co. ETF | 2.77% | 2,047,126 | $64.5M | Add +4.2% |
| ILCV iShares Morningstar Value Et | 2.71% | 670,081 | $63.2M | Add +1.0% |
| VCIT Vanguard Int-Term Corporate | 2.54% | 707,275 | $59.2M | Add +0.3% |
| BND Vanguard Total Bond Market | 1.78% | 559,145 | $41.4M | Add +1.5% |
| RSP Invesco S&P 500 Equal Weight | 1.60% | 194,782 | $37.3M | Add +2.8% |
| VONG Vanguard Russell 1000 Growth | 1.58% | 301,550 | $36.7M | Add +0.9% |
| AAPL Apple Inc. | 1.52% | 130,201 | $35.4M | Reduce -1.1% |
| SCHD Schwab US DVD Equity ETF | 1.32% | 1,124,984 | $30.9M | Reduce -4.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.07% | 311,559 | $25.0M | Reduce -0.8% |
| JCPB JPMorgan Core Plus Bond ETF | 1.02% | 501,394 | $23.8M | Reduce -3.4% |
| ICSH iShares Ultra Short Duration | 0.96% | 440,652 | $22.3M | Add +8.7% |
| NVDA Nvidia Corp. | 0.94% | 117,182 | $21.9M | Reduce -1.9% |
| IUSV iShares Core S&P U.S. Value | 0.93% | 210,907 | $21.6M | Reduce -0.6% |
| MDY State Street SPDR S&P Midcap | 0.86% | 33,223 | $20.1M | Reduce -0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.85% | 103,185 | $19.7M | Add +10.2% |
| VYM Vanguard High DVD Yield ETF | 0.84% | 136,510 | $19.6M | Add +3.6% |
| JEPI JPMorgan Equity Premium Inco | 0.75% | 304,966 | $17.6M | Reduce -4.0% |
| IMCV iShares Morningstar Mid-Cap | 0.73% | 206,652 | $17.0M | Add +1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 33,225 | $16.7M | Reduce -1.3% |
| IMCG iShares Morningstar Mid-Cap | 0.70% | 203,324 | $16.2M | Add +0.7% |
| IMCB iShares Morningstar Mid-Cap | 0.67% | 189,190 | $15.7M | Add +1.2% |
| AMZN Amazon.com Inc. | 0.64% | 64,729 | $14.9M | Reduce -1.4% |
| ISCV iShares Morningstar Small-Ca | 0.55% | 187,179 | $12.8M | Add +1.2% |
| XLE SS Energy Select Sector | 0.52% | 271,962 | $12.2M | Reduce -2.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.48% | 52,268 | $11.1M | Add +2.4% |
| AIQ Global X Art Intel & Tech | 0.45% | 205,448 | $10.5M | Add +9.8% |
| ISCG iShares Morningstar Small-Ca | 0.42% | 178,213 | $9.9M | Add +0.8% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.41% | 294,008 | $9.6M | Reduce -1.1% |
| IDEV iShares Core MSCI Dev MKTS | 0.40% | 112,948 | $9.3M | Reduce -1.1% |
| SPYI Neos S&P 500 High Income ETF | 0.36% | 160,190 | $8.4M | Add +27.1% |
| XLY SS Consumer Disc Select Sect | 0.32% | 61,896 | $7.4M | Reduce -1.1% |
| MSFT Microsoft Corp. | 0.30% | 14,248 | $6.9M | Add +0.2% |
| SCHG Schwab US Large-Cap Growth | 0.26% | 185,382 | $6.0M | Reduce -2.6% |
| IEMG iShares Core MSCI Emerging | 0.22% | 77,124 | $5.2M | Add +4.0% |
| PLTR Palantir Technologies Inc. Class A | 0.21% | 27,987 | $5.0M | Add +5.0% |
| DE Deere & Co. | 0.21% | 10,405 | $4.9M | Reduce -0.6% |
| SCHM Schwab US Mid Cap ETF | 0.20% | 151,201 | $4.5M | Add +2.3% |
| ITA iShares U.S. Aerospace & Def | 0.19% | 20,977 | $4.5M | Add +27.3% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.18% | 33,695 | $4.2M | Add +55.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.16% | 86,196 | $3.8M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 0.14% | 10,441 | $3.3M | Reduce -0.1% |
| EQWL Invesco S&P 100 Equal Weight | 0.14% | 27,438 | $3.2M | Add +0.1% |
| ABBV Abbvie Inc. | 0.13% | 13,181 | $3.0M | Add +0.0% |
| SCHV Schwab US Large-Cap Value | 0.13% | 99,976 | $3.0M | Reduce -7.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.12% | 56,255 | $2.8M | Add +15.5% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.11% | 58,217 | $2.7M | Reduce -14.1% |
| SPAB SS SPDR P Agg Bond ETF | 0.09% | 84,461 | $2.2M | Reduce -1.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.08% | 36,534 | $1.9M | Reduce -3.6% |
| XOM Exxon Mobil Corp. | 0.08% | 15,911 | $1.9M | Add +0.0% |
| UMBF Umb Financial Corp. | 0.06% | 12,367 | $1.4M | Add +0.0% |
| DAR Darling Ingredients Inc. | 0.06% | 37,500 | $1.4M | No change |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.06% | 22,763 | $1.3M | No change |
| RNST Renasant Corp. | 0.05% | 33,600 | $1.2M | Reduce -0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.05% | 19,529 | $1.1M | Add +1.7% |
| NFLX Netflix Inc. | 0.05% | 11,450 | $1.1M | New |
| XLF SS Financial Select Sector | 0.04% | 17,160 | $940K | No change |
| BSCQ Invesco Bulletshares 2026 CB | 0.04% | 44,981 | $881K | Reduce -12.1% |
| SPHQ Invesco S&P 500 Quality ETF | 0.03% | 10,074 | $756K | No change |
| EPD Enterprise Products Partners | 0.03% | 22,822 | $732K | No change |
| TFLO iShares Treasury Floating Ra | 0.03% | 13,168 | $664K | Reduce -47.3% |
| DFUV Dimensional US Marketwide Va | 0.02% | 10,564 | $492K | No change |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | 0.02% | 10,327 | $385K | New |
| FSCO FS Credit Opportunities Corp. | 0.02% | 60,000 | $378K | No change |
| T AT&T Inc. | 0.02% | 14,171 | $352K | Add +0.1% |
| SOFI Sofi Technologies Inc. | 0.01% | 10,750 | $281K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.01% | 21,174 | $278K | Reduce -3.4% |
| CPNG Coupang Inc. | 0.01% | 11,100 | $262K | New |
Portfolio Sells Q3 2025 → Q4 2025
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.4% | 5.42% | −0.14 |
| SCHD Schwab US DVD Equity ETF | Reduce -4.2% | 1.32% | −0.10 |
| JCPB JPMorgan Core Plus Bond ETF | Reduce -3.4% | 1.02% | −0.07 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.07 |
| NVDA Nvidia Corp. | Reduce -1.9% | 0.94% | −0.05 |
| JEPI JPMorgan Equity Premium Inco | Reduce -4.0% | 0.75% | −0.05 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.05 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Sold out | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.3% | 0.72% | −0.03 |
| IBHF iShares Ibond 2026 HY & Inc. | Sold out | 0.00% | −0.03 |
| XLE SS Energy Select Sector | Reduce -2.4% | 0.52% | −0.03 |
| TFLO iShares Treasury Floating Ra | Reduce -47.3% | 0.03% | −0.03 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -1.1% | 0.41% | −0.03 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -14.1% | 0.11% | −0.02 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.02 |
| IBDR iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -0.3% | 0.86% | −0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.8% | 1.07% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -1.1% | 0.32% | −0.02 |
| IUSV iShares Core S&P U.S. Value | Reduce -0.6% | 0.93% | −0.01 |
| SCHV Schwab US Large-Cap Value | Reduce -7.5% | 0.13% | −0.01 |
| SCHG Schwab US Large-Cap Growth | Reduce -2.6% | 0.26% | −0.01 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -12.1% | 0.04% | −0.01 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -1.1% | 0.40% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -3.6% | 0.08% | −0.01 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -1.3% | 0.09% | −0.00 |
| DE Deere & Co. | Reduce -0.6% | 0.21% | −0.00 |
| RNST Renasant Corp. | Reduce -0.4% | 0.05% | −0.00 |
| F Ford Motor Co. | Reduce -3.4% | 0.01% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 0.64% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.14% | +0.03 |
| AAPL Apple Inc. | Reduce -1.1% | 1.52% | +0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| VEA Vanguard Ftse Developed ETF | Add +2.9% | 5.66% | +0.21 |
| SCHF Schwab Intl Equity ETF | Add +2.5% | 6.94% | +0.17 |
| AGG iShares Core U.S. Aggregate | Add +6.4% | 4.00% | +0.10 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +1.0% | 7.14% | +0.08 |
| SPYI Neos S&P 500 High Income ETF | Add +27.1% | 0.36% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +10.2% | 0.85% | +0.07 |
| ILCV iShares Morningstar Value Et | Add +1.0% | 2.71% | +0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +5.3% | 3.98% | +0.06 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +4.2% | 2.77% | +0.05 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Add +55.4% | 0.18% | +0.05 |
| NFLX Netflix Inc. | New | 0.05% | +0.05 |
| ICSH iShares Ultra Short Duration | Add +8.7% | 0.96% | +0.04 |
| ITA iShares U.S. Aerospace & Def | Add +27.3% | 0.19% | +0.04 |
| AIQ Global X Art Intel & Tech | Add +9.8% | 0.45% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Add +1.8% | 4.60% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +3.6% | 0.84% | +0.02 |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | New | 0.02% | +0.02 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +15.5% | 0.12% | +0.01 |
| CPNG Coupang Inc. | New | 0.01% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +2.8% | 1.60% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +4.0% | 0.22% | +0.01 |
| ISCV iShares Morningstar Small-Ca | Add +1.2% | 0.55% | +0.00 |
| IMCV iShares Morningstar Mid-Cap | Add +1.3% | 0.73% | +0.00 |
| XOM Exxon Mobil Corp. | Add +0.0% | 0.08% | +0.00 |
| BAC Bank of America Corp. | Add +1.7% | 0.05% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +2.2% | 3.25% | +0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +0.4% | 0.16% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Add +2.3% | 0.20% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +2.4% | 0.48% | +0.00 |
| EQWL Invesco S&P 100 Equal Weight | Add +0.1% | 0.14% | −0.00 |
| ISCG iShares Morningstar Small-Ca | Add +0.8% | 0.42% | −0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +5.0% | 0.21% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +1.1% | 5.89% | −0.00 |
| T AT&T Inc. | Add +0.1% | 0.02% | −0.00 |
| UMBF Umb Financial Corp. | Add +0.0% | 0.06% | −0.00 |
| ABBV Abbvie Inc. | Add +0.0% | 0.13% | −0.01 |
| IMCB iShares Morningstar Mid-Cap | Add +1.2% | 0.67% | −0.02 |
| SCHA Schwab US Small-Cap ETF | Add +0.7% | 2.78% | −0.02 |
| VONG Vanguard Russell 1000 Growth | Add +0.9% | 1.58% | −0.02 |
| MSFT Microsoft Corp. | Add +0.2% | 0.30% | −0.03 |
| IVV iShares Core S&P 500 ETF | Add +0.6% | 11.09% | −0.04 |
| BND Vanguard Total Bond Market | Add +1.5% | 1.78% | −0.04 |
| IMCG iShares Morningstar Mid-Cap | Add +0.7% | 0.70% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +2.9% | 4.27% | −0.05 |
| VCIT Vanguard Int-Term Corporate | Add +0.3% | 2.54% | −0.09 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 85 | $2.7B | IVV, FNDX, SCHF, VEA, VOO |
| Q1 2026 | 86 | $2.4B | IVV, FNDX, SCHF, VEA, VOO |
| Q4 2025 | 79 | $2.3B | IVV, FNDX, SCHF, VOO, VEA |
| Q3 2025 | 82 | $2.3B | IVV, FNDX, SCHF, VOO, QQQ |
| Q2 2025 | 80 | $2.1B | IVV, FNDX, SCHF, VEA, VOO |
| Q1 2025 | 79 | $1.9B | IVV, FNDX, SCHF, VOO, VEA |
| Q4 2024 | 77 | $1.9B | IVV, FNDX, SCHF, VOO, QQQ |
| Q3 2024 | 75 | $1.9B | IVV, FNDX, SCHF, VOO, VEA |
| Q2 2024 | 176 | $1.8B | IVV, SCHF, FNDX, QQQ, SCHX |
| Q1 2024 | 176 | $1.7B | IVV, SCHF, FNDX, QQQ, AGG |