Talon Private Wealth, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Talon Private Wealth, LLC reported 300 stock positions worth $726.0 million. Its top holding was BNY Mellon Core Bond ETF (BKAG) at 7.9% of the portfolio, followed by Aptus Defined Risk ETF (DRSK, 6.0%) and Janus Henderson Aaa Clo ETF (JAAA, 5.3%). Compared with Q1 2025, it opened 133 new positions, sold out of 7, added to 81 and reduced 80. The biggest buy was a new position in Innovator U.S. Equity Ultra (UMAR) and the biggest sale Innovator U.S. Equity Ultra (UNOV, shares −99%).

Most Recent 13F
Q2 2026
Location
THE VILLAGES, FL
CIK
0001990467
Portfolio Value
$726.0M (Q2 2025)
SEC Filing
0001990467-25-000006 ↗ filed Aug 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q3 2024: $475.3M Q3 2024 Q4 2024: $478.5M Q4 2024 Q1 2025: $745.8M Q1 2025 Q2 2025: $726.0M $726.0M Q2 2025 Q1 2026: $752.8M Q1 2026 Q2 2026: $854.9M Q2 2026

Holdings 300 stocks · $726.0M
BKAG BNY Mellon Core Bond ETF 7.91% 1,361,259 $57.4M Reduce -16.6%
DRSK Aptus Defined Risk ETF 6.04% 1,525,008 $43.8M Reduce -14.5%
JAAA Janus Henderson Aaa Clo ETF 5.30% 758,888 $38.5M Reduce -12.8%
VGSH Vanguard Short-Term Treasury 5.15% 636,098 $37.4M Reduce -14.3%
UDEC Innovator U.S. Equity Ultra 4.81% 958,228 $34.9M Add +0.7%
UFEB Innovator U.S. Equity Ultra 4.79% 1,012,788 $34.7M Add +0.6%
UJAN Innovator U.S. Equity Ultra 4.78% 858,281 $34.7M Add +0.7%
UMAR Innovator U.S. Equity Ultra 4.71% 908,363 $34.2M New
UAPR Innovator U.S. Equity Ultra 4.70% 1,089,402 $34.1M New
MBB iShares MBS ETF 3.75% 290,122 $27.2M Reduce -15.0%
SPYM Ste STR SPDR PT S&P 500 ETF 3.62% 361,186 $26.3M Reduce -5.6%
SGOV iShares 0-3 Month Treasury B 3.58% 258,059 $26.0M Reduce -8.9%
JUCY Aptus Enhanced Yield ETF 2.66% 867,184 $19.3M Reduce -14.3%
STIP iShares 0-5 Year Tips Bond E 1.82% 128,426 $13.2M Reduce -14.0%
VEA Vanguard Ftse Developed ETF 1.63% 207,307 $11.8M Add +4.5%
JBBB Janus Henderson B-BBB Clo Et 1.14% 171,331 $8.3M Reduce -15.7%
NVDA Nvidia Corp. 0.97% 44,438 $7.0M Reduce -12.8%
ACIO Aptus Collared Invest Opp 0.95% 166,898 $6.9M Add +2.1%
WMT Walmart Inc. 0.87% 64,366 $6.3M Add +1.6%
VWO Vanguard Ftse Emerging Marke 0.82% 119,782 $5.9M Add +15.7%
RSP Invesco S&P 500 Equal Weight 0.81% 32,369 $5.9M Reduce -2.2%
AAPL Apple Inc. 0.72% 25,405 $5.2M Reduce -57.9%
QQQ Invesco QQQ Trust Series 1 0.64% 8,372 $4.6M Reduce -8.1%
OSCV Opus Small Cap Value ETF 0.62% 125,172 $4.5M Reduce -1.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.57% 9,468 $4.2M Reduce -16.9%
AVGO Broadcom Inc. 0.56% 14,626 $4.0M Add +5.7%
MAGS Roundhill Magnificent Seven 0.51% 66,599 $3.7M New
AMZN Amazon.com Inc. 0.50% 16,538 $3.6M Reduce -4.4%
GLDM SPDR Gold Minishares Trust 0.45% 50,382 $3.3M Add +21.0%
FOXA Fox Corp. Class A 0.45% 58,891 $3.3M Add +19.4%
AMAT Applied Materials Inc. 0.45% 17,989 $3.3M Reduce -7.5%
JPM JPMorgan Chase & Co. 0.43% 10,647 $3.1M Reduce -8.3%
LMT Lockheed Martin Corp. 0.41% 6,463 $3.0M Reduce -3.9%
C Citigroup Inc. 0.41% 34,715 $3.0M Add +10.5%
IDUB Aptus Intl Enhan YLD ETF 0.40% 130,927 $2.9M Reduce -7.9%
LNG Cheniere Energy Inc. 0.39% 11,612 $2.8M Add +3.3%
MSFT Microsoft Corp. 0.38% 5,542 $2.8M Reduce -11.0%
V Visa Inc. Class A 0.38% 7,760 $2.8M Add +12.0%
XLV SS Health Care Select Sector 0.38% 20,329 $2.7M Add +286.9%
MU Micron Technology Inc. 0.37% 21,808 $2.7M Reduce -14.6%
THC Tenet Healthcare Corp. 0.37% 15,113 $2.7M Reduce -8.5%
WFC Wells Fargo & Co. 0.36% 33,031 $2.6M Add +15.7%
EME Emcor Group Inc. 0.36% 4,911 $2.6M Reduce -6.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.36% 54,860 $2.6M Reduce -3.0%
MS Morgan Stanley 0.35% 18,249 $2.6M Add +9.3%
XLC SS Comm Select Sector SPDR 0.35% 23,648 $2.6M Add +35.5%
LHX L3HARRIS Technologies Inc. 0.35% 10,141 $2.5M Reduce -16.3%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.35% 8,918 $2.5M Add +9.6%
VOO Vanguard S&P 500 ETF 0.35% 4,456 $2.5M Reduce -3.9%
GS Goldman Sachs Group Inc. 0.35% 3,573 $2.5M Add +3.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.35% 14,309 $2.5M Add +0.7%
GD General Dynamics Corp. 0.35% 8,637 $2.5M Reduce -13.7%
XOM Exxon Mobil Corp. 0.34% 22,773 $2.5M Reduce -8.8%
TMUS T-Mobile US Inc. 0.34% 10,284 $2.5M Add +6.7%
XLY SS Consumer Disc Select Sect 0.33% 11,033 $2.4M New
JNK SS SPDR BB High Yield Bond 0.32% 24,252 $2.4M Add +23.7%
QCOM Qualcomm Inc. 0.32% 14,775 $2.4M Reduce -12.6%
OKE Oneok Inc. 0.32% 28,289 $2.3M Add +2.4%
IVV iShares Core S&P 500 ETF 0.32% 3,715 $2.3M Add +3.2%
XLRE SS Real Estate Select Sector 0.31% 54,506 $2.3M Add +33.2%
BKR Baker Hughes Co. 0.31% 57,933 $2.2M Add +5.6%
NOC Northrop Grumman Corp. 0.30% 4,427 $2.2M Reduce -4.4%
PR Permian Resources Corp. Class A 0.30% 160,762 $2.2M Add +5.7%
BND Vanguard Total Bond Market 0.30% 29,694 $2.2M Add +61.9%
PKG Packaging Corp. of America 0.29% 11,302 $2.1M Reduce -4.1%
LDOS Leidos Holdings Inc. 0.29% 13,348 $2.1M Reduce -26.7%
VCIT Vanguard Int-Term Corporate 0.28% 24,915 $2.1M Add +56.7%
FANG Diamondback Energy Inc. 0.28% 14,861 $2.0M Reduce -5.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.28% 10,467 $2.0M Reduce -23.9%
URI United Rentals Inc. 0.28% 2,671 $2.0M Reduce -0.9%
PJAN Innovator U.S. Equity Power 0.27% 44,547 $2.0M Reduce -7.3%
PDEC Innovator U.S. Equity Power 0.27% 48,435 $1.9M Reduce -7.4%
PFEB Innovator U.S. Equity Power 0.27% 50,874 $1.9M Reduce -7.0%
PMAR Innovator U.S. Equity Power 0.27% 45,654 $1.9M New
PAPR Innovator U.S. Equity Power 0.27% 51,635 $1.9M New
ICSH iShares Ultra Short Duration 0.24% 34,758 $1.8M Add +74.0%
VNQ Vanguard Real Estate ETF 0.24% 19,713 $1.8M Reduce -39.5%
UTHR United Therapeutics Corp. 0.24% 6,034 $1.7M Add +5.0%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 3,493 $1.7M Reduce -21.1%
NOW ServiceNow Inc. 0.21% 1,449 $1.5M Add +4.6%
PFF iShares Preferred & Income S 0.20% 48,282 $1.5M Add +30.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 11,153 $1.4M Add +6.7%
VGIT Vanguard Intermediate-Term T 0.18% 22,346 $1.3M Add +26.6%
GOOGL Alphabet Inc. Class A 0.18% 7,386 $1.3M Add +14.3%
CWB SS SPDR BB Conv Sec ETF 0.18% 15,542 $1.3M Reduce -0.1%
PANW Palo Alto Networks Inc. 0.18% 6,260 $1.3M Reduce -8.9%
META Meta Platforms Inc. Class A 0.16% 1,597 $1.2M Reduce -4.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.16% 1,904 $1.2M Reduce -24.6%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.16% 4,153 $1.2M Reduce -36.7%
VSEC Vse Corp. 0.15% 8,507 $1.1M No change
CL Colgate-Palmolive Co. 0.15% 12,243 $1.1M Reduce -0.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.15% 6,759 $1.1M Reduce -35.7%
ORCL Oracle Corp. 0.15% 4,901 $1.1M Add +1.2%
UBER Uber Technologies Inc. 0.15% 11,403 $1.1M Add +6.2%
JNJ Johnson & Johnson 0.15% 6,911 $1.1M Add +3.1%
TSLA Tesla Inc. 0.14% 3,227 $1.0M Add +13.5%
AXP American Express Co. 0.14% 3,153 $1.0M Add +11.1%
VGLT Vanguard Long-Term Treasury 0.14% 17,735 $995K Reduce -44.7%
CAT Caterpillar Inc. 0.14% 2,529 $982K Add +1.4%
CRM Salesforce Inc. 0.13% 3,481 $949K Add +4.7%

Show all 300 holdings

Lines left out (2) · $37 — a value with no share or principal amount
SecurityClassSharesValue
ESS Essex Property Trust Inc. COM0$31
PGR Progressive Corp. COM0$6

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $726.0M.

Portfolio Sells Q1 2025 → Q2 2025
UNOV Innovator U.S. Equity Ultra Reduce -98.7% 0.06% −4.34
UOCT Innovator U.S. Equity Ultra Reduce -98.7% 0.06% −4.33
BKAG BNY Mellon Core Bond ETF Reduce -16.6% 7.91% −1.29
AAPL Apple Inc. Reduce -57.9% 0.72% −1.08
VGSH Vanguard Short-Term Treasury Reduce -14.3% 5.15% −0.69
JAAA Janus Henderson Aaa Clo ETF Reduce -12.8% 5.30% −0.62
MBB iShares MBS ETF Reduce -15.0% 3.75% −0.53
DRSK Aptus Defined Risk ETF Reduce -14.5% 6.04% −0.53
JUCY Aptus Enhanced Yield ETF Reduce -14.3% 2.66% −0.44
MCD McDonald's Corp. Reduce -74.9% 0.12% −0.38
PNOV Innovator U.S. Equity Power Sold out 0.00% −0.27
POCT Innovator U.S. Equity Power Sold out 0.00% −0.27
SGOV iShares 0-3 Month Treasury B Reduce -8.9% 3.58% −0.25
STIP iShares 0-5 Year Tips Bond E Reduce -14.0% 1.82% −0.24
XLB SS Materials Select Sector Sold out 0.00% −0.23
XLP SS Consumer Staples Sel Sect Reduce -63.4% 0.12% −0.21
JBBB Janus Henderson B-BBB Clo Et Reduce -15.7% 1.14% −0.19
VNQ Vanguard Real Estate ETF Reduce -39.5% 0.24% −0.15
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -95.0% 0.01% −0.13
VGLT Vanguard Long-Term Treasury Reduce -44.7% 0.14% −0.11
BRK.B Berkshire Hathaway Inc. Class B Reduce -21.1% 0.23% −0.08
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -35.7% 0.15% −0.07
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -36.7% 0.16% −0.07
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -23.9% 0.28% −0.06
XOM Exxon Mobil Corp. Reduce -8.8% 0.34% −0.06
FANG Diamondback Energy Inc. Reduce -5.0% 0.28% −0.05
HYD Vaneck High Yield Muni ETF Reduce -96.1% 0.00% −0.05
VB Vanguard Most SM-Cap ETF-Usd Sold out 0.00% −0.05
UPSD Aptus Large Cap Upside ETF Sold out 0.00% −0.04
LDOS Leidos Holdings Inc. Reduce -26.7% 0.29% −0.04
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -24.6% 0.16% −0.03
XLE SS Energy Select Sector Reduce -46.7% 0.03% −0.03
BXSL Blackstone Secured Lending F Sold out 0.00% −0.03
QCOM Qualcomm Inc. Reduce -12.6% 0.32% −0.03
IWD iShares Russell 1000 Value E Reduce -48.2% 0.03% −0.02
PKG Packaging Corp. of America Reduce -4.1% 0.29% −0.02
UNH Unitedhealth Group Inc. Reduce -40.3% 0.01% −0.02
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -58.2% 0.01% −0.02
SPMB SS SPDR P Mort Back Bond ETF Reduce -51.7% 0.02% −0.02
GD General Dynamics Corp. Reduce -13.7% 0.35% −0.02
XT Ishar Fture Exp Tech ETF-Usd Reduce -47.8% 0.02% −0.01
EFA iShares MSCI Eafe ETF Reduce -40.8% 0.03% −0.01
AMGN Amgen Inc. Reduce -2.6% 0.10% −0.01
IWF iShares Russell 1000 Growth Reduce -33.3% 0.04% −0.01
SPSM SS SPDR P S&P 600 Small Cap Reduce -34.0% 0.02% −0.01
NOC Northrop Grumman Corp. Reduce -4.4% 0.30% −0.01
USEP Innovator U.S. Equity Ultra Reduce -27.1% 0.03% −0.01
UAUG Innovator U.S. Equity Ultra Reduce -27.1% 0.03% −0.01
UJUL Innovator U.S. Equity Ultra Reduce -27.2% 0.03% −0.01

Portfolio Buys Q1 2025 → Q2 2025
UMAR Innovator U.S. Equity Ultra New 4.71% +4.71
UAPR Innovator U.S. Equity Ultra New 4.70% +4.70
MAGS Roundhill Magnificent Seven New 0.51% +0.51
UDEC Innovator U.S. Equity Ultra Add +0.7% 4.81% +0.43
UJAN Innovator U.S. Equity Ultra Add +0.7% 4.78% +0.42
UFEB Innovator U.S. Equity Ultra Add +0.6% 4.79% +0.41
XLY SS Consumer Disc Select Sect New 0.33% +0.33
VEA Vanguard Ftse Developed ETF Add +4.5% 1.63% +0.28
XLV SS Health Care Select Sector Add +286.9% 0.38% +0.27
PMAR Innovator U.S. Equity Power New 0.27% +0.27
PAPR Innovator U.S. Equity Power New 0.27% +0.27
AVGO Broadcom Inc. Add +5.7% 0.56% +0.24
VWO Vanguard Ftse Emerging Marke Add +15.7% 0.82% +0.19
XLC SS Comm Select Sector SPDR Add +35.5% 0.35% +0.13
WMT Walmart Inc. Add +1.6% 0.87% +0.12
BND Vanguard Total Bond Market Add +61.9% 0.30% +0.12
VCIT Vanguard Int-Term Corporate Add +56.7% 0.28% +0.11
GLDM SPDR Gold Minishares Trust Add +21.0% 0.45% +0.11
ICSH iShares Ultra Short Duration Add +74.0% 0.24% +0.11
C Citigroup Inc. Add +10.5% 0.41% +0.10
GS Goldman Sachs Group Inc. Add +3.8% 0.35% +0.09
MS Morgan Stanley Add +9.3% 0.35% +0.09
WFC Wells Fargo & Co. Add +15.7% 0.36% +0.09
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +9.6% 0.35% +0.08
FOXA Fox Corp. Class A Add +19.4% 0.45% +0.08
XLRE SS Real Estate Select Sector Add +33.2% 0.31% +0.08
ACIO Aptus Collared Invest Opp Add +2.1% 0.95% +0.08
JNK SS SPDR BB High Yield Bond Add +23.7% 0.32% +0.07
NOW ServiceNow Inc. Add +4.6% 0.21% +0.06
BIV Vanguard Intermediate-Term B Add +110.7% 0.11% +0.06
ORCL Oracle Corp. Add +1.2% 0.15% +0.06
V Visa Inc. Class A Add +12.0% 0.38% +0.05
DIS The Walt Disney Co. Add +6.7% 0.19% +0.05
PFF iShares Preferred & Income S Add +30.5% 0.20% +0.05
IVV iShares Core S&P 500 ETF Add +3.2% 0.32% +0.05
GOOGL Alphabet Inc. Class A Add +14.3% 0.18% +0.05
VGIT Vanguard Intermediate-Term T Add +26.6% 0.18% +0.04
TSLA Tesla Inc. Add +13.5% 0.14% +0.04
UBER Uber Technologies Inc. Add +6.2% 0.15% +0.04
LNG Cheniere Energy Inc. Add +3.3% 0.39% +0.04
CLIP Global X 1-3 Month T-Bill New 0.04% +0.04
VCSH Vanguard S/T Corp. Bond ETF New 0.04% +0.04
CAG Conagra Brands Inc. New 0.04% +0.04
AXP American Express Co. Add +11.1% 0.14% +0.04
FLOT iShares Floating Rate Bond E New 0.03% +0.03
VTI VG Morningstar TS MKT ETF-US Add +20.4% 0.11% +0.03
SPYG SS SPDR P S&P 500 Growth ETF New 0.03% +0.03
SMR Nuscale Power Corp. New 0.03% +0.03
NKE Nike Inc. Class B Add +12.1% 0.12% +0.03
BNDX Vanguard Total Intl Bond ETF Add +34.3% 0.09% +0.03

Notes & Other Activity Q1 2025 → Q2 2025
ESS Essex Property Trust Inc. COM New 0 $31
PGR Progressive Corp. COM New 0 $6

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 231$854.9MBKAG, DRSK, VGSH, JAAA, UJAN
Q1 2026 187$752.8MBKAG, DRSK, UOCT, UNOV, UDEC
Q2 2025 300$726.0MBKAG, DRSK, JAAA, VGSH, UDEC
Q1 2025 174$745.8MBKAG, DRSK, JAAA, VGSH, UNOV
Q4 2024Amended 293$478.5MBKAG, DRSK, VGSH, MBB, JAAA
Q3 2024 295$475.3MBKAG, DRSK, VGSH, MBB, JUCY