Tidemark, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Tidemark, LLC reported 697 stock positions worth $272.5 million. Its top holding was Invesco Total Return Bond Et (GTO) at 13.3% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 7.1%) and Invesco S&P 500 Quality ETF (SPHQ, 5.8%). Compared with Q4 2024, it opened 87 new positions, sold out of 8, added to 146 and reduced 103. The biggest buy was iShares 10-20 Year Treasury (TLH, shares +72182%) and the biggest sale SS SPDR PF LNG TRM TSY E-Usd (SPTL, shares −90%).

Most Recent 13F
Q2 2026
Location
SAN DIEGO, CA
CIK
0002009591
Portfolio Value
$272.5M (Q1 2025)
SEC Filing
0001855205-25-000028 ↗ filed May 9, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $179.2M Q1 2024 Q2 2024: $217.4M Q2 2024 Q3 2024: $243.8M Q3 2024 Q4 2024: $261.0M Q4 2024 Q1 2025: $272.5M $272.5M Q1 2025 Q2 2025: $310.2M Q2 2025 Q3 2025: $343.2M Q3 2025 Q4 2025: $351.9M Q4 2025 Q1 2026: $393.5M Q1 2026 Q2 2026: $444.2M Q2 2026

Holdings 697 stocks · $272.5M
GTO Invesco Total Return Bond Et 13.33% 774,322 $36.3M Add +7.0%
SPYM Ste STR SPDR PT S&P 500 ETF 7.07% 293,088 $19.3M Add +25.8%
SPHQ Invesco S&P 500 Quality ETF 5.77% 237,192 $15.7M Add +21.1%
SPYG SS SPDR P S&P 500 Growth ETF 5.31% 179,924 $14.5M Add +6.1%
AUSF Global X Adaptive US Factor 4.91% 306,750 $13.4M Add +6.4%
IVE iShares S&P 500 Value ETF 4.17% 59,696 $11.4M Add +39.5%
DDWM Wisdomtree DY Inter Eq FD-US 3.62% 267,827 $9.9M Reduce -16.5%
SPMB SS SPDR P Mort Back Bond ETF 3.30% 408,444 $9.0M Reduce -10.3%
BINC iShares Flex I A ETF-Usd Inc. 2.50% 130,283 $6.8M Add +7.0%
IDMO Invesco S&P International DE 2.49% 153,563 $6.8M Reduce -37.5%
GLDM SPDR Gold Minishares Trust 2.00% 87,860 $5.4M Add +46.0%
TLH iShares 10-20 Year Treasury 1.98% 52,043 $5.4M Add +72181.9%
AVEM Avantis Emerging Markets Eq 1.74% 78,621 $4.7M Reduce -11.3%
RNEM Emerging Markets Eqty Select 1.66% 88,429 $4.5M Add +55.6%
XLK SS Technology Select Sector 1.65% 21,807 $4.5M Add +10.6%
AAPL Apple Inc. 1.54% 18,940 $4.2M Reduce -2.8%
SPMO Invesco S&P 500 Momentum ETF 1.38% 40,634 $3.8M Add +9.7%
SPBO SS SPDR P Corp. Bond ETF 1.31% 123,268 $3.6M Add +18.4%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 1.26% 74,660 $3.4M Reduce -4.7%
SPTS SS SPDR P St Term TSY ETF 1.07% 99,392 $2.9M Reduce -6.4%
OEF iShares S&P 100 ETF 1.04% 10,460 $2.8M New
FLTR Vaneck Ig Floating Rate ETF 1.01% 108,213 $2.8M Add +0.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.93% 4,544 $2.5M Reduce -4.6%
HYEM Vaneck Emrg MKTS Hi YLD 0.84% 116,282 $2.3M Add +50.9%
QQQ Invesco QQQ Trust Series 1 0.84% 4,859 $2.3M Reduce -1.1%
TSLA Tesla Inc. 0.80% 8,362 $2.2M Reduce -12.8%
PBTP Invesco 0-5 YR US Tips ETF 0.74% 77,839 $2.0M Add +5.7%
AMZN Amazon.com Inc. 0.74% 10,606 $2.0M Reduce -1.7%
DBEF Xtrackers MSCI Eafe Hedged E 0.71% 44,862 $1.9M New
ICVT iShares Convertible Bond ETF 0.55% 17,937 $1.5M Add +62.7%
SPTI SS SPDR P Int Term TSY ETF 0.50% 47,803 $1.4M Add +2.2%
XLV SS Health Care Select Sector 0.46% 8,658 $1.3M Add +3.2%
STIP iShares 0-5 Year Tips Bond E 0.45% 11,925 $1.2M Reduce -3.9%
BIL SS SPDR BB 1-3M T-Bill ETF 0.44% 13,125 $1.2M Reduce -8.4%
CVX Chevron Corp. 0.42% 6,886 $1.2M Add +0.1%
SPSM SS SPDR P S&P 600 Small Cap 0.42% 28,099 $1.1M Add +14.4%
RDVY First Trust Rising Dividend 0.42% 19,465 $1.1M Reduce -7.2%
NVDA Nvidia Corp. 0.41% 10,325 $1.1M Reduce -0.9%
PPA Invesco Aerospace & Defense 0.38% 8,841 $1.0M Reduce -9.1%
BRK.B Berkshire Hathaway Inc. Class B 0.38% 1,934 $1.0M Add +9.0%
MSFT Microsoft Corp. 0.37% 2,681 $1.0M Reduce -9.1%
SPMD SS SPDR P S&P 400 Midcap ETF 0.37% 19,629 $1.0M Add +9.8%
VTI VG Morningstar TS MKT ETF-US 0.36% 3,531 $970K Reduce -9.4%
JMBS Janus Henderson Mortg Backed 0.34% 20,616 $932K Add +32.4%
VOO Vanguard S&P 500 ETF 0.33% 1,743 $896K Add +12.9%
CAT Caterpillar Inc. 0.30% 2,439 $804K Add +5.6%
FCVT First Trust Ssi Strategi ETF 0.29% 22,546 $787K No change
FCAL First Trust California Munic 0.29% 16,193 $786K Add +2.3%
HYDB iShares High Yield Systemati 0.28% 16,481 $776K Add +682.6%
VGT Vanguard Info Tech ETF 0.28% 1,400 $759K Reduce -3.5%
BILS SS Spdrb B 3-12M T-Bill ETF 0.27% 7,470 $743K Reduce -11.0%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.27% 26,932 $734K Reduce -89.7%
IVW iShares S&P 500 Growth ETF 0.27% 7,822 $726K Add +0.0%
GLD SPDR Gold Shares 0.26% 2,469 $711K No change
TLT iShares 20+ Year Treasury BD 0.26% 7,701 $701K Add +0.2%
IGEB iShares Investment Grade SYS 0.25% 15,386 $693K Reduce -66.4%
TBIL F/M US Treasury 3 Month Bill 0.25% 13,461 $673K Add +5.2%
FVD First Trust Value Line DVD 0.24% 14,476 $645K Reduce -14.7%
SHM SS SPDR N Ice St Muni ETF 0.23% 13,295 $633K Add +4.0%
TFLO iShares Treasury Floating Ra 0.23% 12,220 $619K Reduce -3.1%
INTU Intuit Inc. 0.22% 961 $590K No change
SCHD Schwab US DVD Equity ETF 0.22% 20,976 $586K Reduce -1.1%
IYF iShares US Financials ETF 0.21% 5,040 $569K Add +250.0%
IVV iShares Core S&P 500 ETF 0.21% 1,007 $566K Add +0.1%
AGG iShares Core U.S. Aggregate 0.20% 5,622 $556K Reduce -18.3%
SPYD SS SPDR P S&P 500 Hi Div ETF 0.18% 11,193 $495K Reduce -7.9%
GOOGL Alphabet Inc. Class A 0.18% 3,091 $478K Add +1.9%
XLE SS Energy Select Sector 0.17% 5,095 $476K Add +31.2%
RDVI FT Vest Rising Dividend Achi 0.17% 19,823 $470K Add +213.2%
WTPI Wisdomtree Equity Premium Inc. 0.17% 14,982 $467K Add +217.9%
UNH Unitedhealth Group Inc. 0.16% 851 $446K Add +12.3%
CIBR First Trust Nasdaq Cybersecu 0.16% 6,792 $428K Add +5.2%
QQQM Invesco Nasdaq 100 ETF 0.16% 2,204 $425K No change
JIG JPMorgan International Growt 0.15% 6,550 $415K Reduce -0.4%
NFLX Netflix Inc. 0.15% 445 $415K No change
PNTG The Pennant Group Inc. 0.15% 16,500 $415K No change
GOOG Alphabet Inc. Class C 0.15% 2,578 $403K Add +12.4%
META Meta Platforms Inc. Class A 0.15% 690 $398K Add +8.8%
SPAB SS SPDR P Agg Bond ETF 0.15% 15,498 $396K Reduce -38.3%
IXN iShares Global Tech ETF 0.15% 5,224 $396K Add +13.7%
COST Costco Wholesale Corp. 0.13% 378 $358K Add +1.9%
DTH Wisdomtree International Hig 0.13% 8,312 $353K Reduce -21.2%
FTSM First Trust Enh Short Mat FD 0.12% 5,487 $328K Add +0.1%
FEX First Trust Large Cap Core A 0.12% 3,142 $322K No change
DIVO Amplify CWP Enhan Divid ETF 0.12% 7,896 $322K Add +0.0%
XOM Exxon Mobil Corp. 0.12% 2,671 $318K Add +0.1%
HYLS FT Tactical High Yield ETF 0.11% 7,520 $309K Reduce -1.4%
ITA iShares U.S. Aerospace & Def 0.11% 2,015 $309K Add +27.1%
AIRR First Trust Rba American Ind 0.11% 4,426 $302K Add +97.2%
FLOT iShares Floating Rate Bond E 0.11% 5,848 $299K Reduce -3.2%
VYMI Vanguard Int High DVD YLD Inc. 0.11% 3,972 $293K Add +0.3%
HISF First TR Hi Inc. Strat Foc 0.10% 6,423 $284K Add +2.2%
UNP Union Pacific Corp. 0.10% 1,200 $283K No change
ITOT iShares Core S&P Total U.S. 0.10% 2,300 $281K No change
HUBB Hubbell Inc. 0.10% 846 $280K No change
FYX First Trust Small Cap Core A 0.10% 3,042 $274K Reduce -27.7%
SPYV SS SPDR P S&P 500 Value ETF 0.10% 5,277 $270K Add +0.1%
PKW Invesco Buyback Achievers Et 0.10% 2,381 $268K Add +0.0%
FTA First Trust L C Val Alp 0.10% 3,424 $263K No change
CRWD CrowdStrike Holdings Inc. Class A 0.09% 721 $254K Add +10.2%

Show all 697 holdings

Options reported separately and not counted above: APPLE INC puts ($10K), INTUIT puts ($4K), APPLE INC calls ($3K), CHEVRON CORPORATION calls ($3K), INTUIT calls ($2K), CHEVRON CORPORATION puts ($128).

Other holdings (1): bonds, preferreds, convertibles and warrants · $692 (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 25$692New

Total filed on the 13F, all lines: $272.5M.

Portfolio Sells Q4 2024 → Q1 2025
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -89.7% 0.27% −2.36
IDMO Invesco S&P International DE Reduce -37.5% 2.49% −1.34
TSLA Tesla Inc. Reduce -12.8% 0.80% −0.69
DDWM Wisdomtree DY Inter Eq FD-US Reduce -16.5% 3.62% −0.61
IGEB iShares Investment Grade SYS Reduce -66.4% 0.25% −0.52
PAVE Global X US Infrastructure Reduce -82.8% 0.08% −0.46
SPMB SS SPDR P Mort Back Bond ETF Reduce -10.3% 3.30% −0.45
AAPL Apple Inc. Reduce -2.8% 1.54% −0.33
AVEM Avantis Emerging Markets Eq Reduce -11.3% 1.74% −0.26
AMZN Amazon.com Inc. Reduce -1.7% 0.74% −0.17
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.6% 0.93% −0.14
RWJ Invesco S&P Smallcap 600 Reduce -75.8% 0.03% −0.13
IEFA iShares Core MSCI Eafe ETF Reduce -66.9% 0.07% −0.13
QQQ Invesco QQQ Trust Series 1 Reduce -1.1% 0.84% −0.13
NVDA Nvidia Corp. Reduce -0.9% 0.41% −0.13
SPTS SS SPDR P St Term TSY ETF Reduce -6.4% 1.07% −0.11
MSFT Microsoft Corp. Reduce -9.1% 0.37% −0.11
CMF iShares California Muni Bond Reduce -81.1% 0.02% −0.10
SPAB SS SPDR P Agg Bond ETF Reduce -38.3% 0.15% −0.10
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -4.7% 1.26% −0.09
VTI VG Morningstar TS MKT ETF-US Reduce -9.4% 0.36% −0.08
VGT Vanguard Info Tech ETF Reduce -3.5% 0.28% −0.07
FYX First Trust Small Cap Core A Reduce -27.7% 0.10% −0.06
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -8.4% 0.44% −0.06
RDVY First Trust Rising Dividend Reduce -7.2% 0.42% −0.06
SPIB SS SPDR P Int C Corp. ETF Reduce -64.8% 0.03% −0.05
AGG iShares Core U.S. Aggregate Reduce -18.3% 0.20% −0.05
PPA Invesco Aerospace & Defense Reduce -9.1% 0.38% −0.05
FVD First Trust Value Line DVD Reduce -14.7% 0.24% −0.05
BILS SS Spdrb B 3-12M T-Bill ETF Reduce -11.0% 0.27% −0.05
CVNA Carvana Co. Reduce -79.4% 0.01% −0.03
YYY Amplify Cef High Income ETF Reduce -22.9% 0.09% −0.03
AVGO Broadcom Inc. Reduce -0.9% 0.06% −0.03
ADBE Adobe Inc. Reduce -76.5% 0.01% −0.03
TIPX SS SPDR BB 1-10YR Tips ETF Reduce -94.1% 0.00% −0.03
USFR Wisdomtree Floating Rate Tre Reduce -75.4% 0.01% −0.03
STIP iShares 0-5 Year Tips Bond E Reduce -3.9% 0.45% −0.03
PPH Vaneck Pharmaceutical ETF Reduce -62.0% 0.02% −0.02
DTH Wisdomtree International Hig Reduce -21.2% 0.13% −0.02
IJH iShares Core S&P Midcap ETF Reduce -31.0% 0.04% −0.02
SPYD SS SPDR P S&P 500 Hi Div ETF Reduce -7.9% 0.18% −0.02
SNPE Xtrckr S&P 500 Scor&scrn ETF Reduce -23.3% 0.04% −0.02
TFLO iShares Treasury Floating Ra Reduce -3.1% 0.23% −0.02
VIG Vanguard Dividend Apprec ETF Reduce -36.8% 0.02% −0.02
RSPG Invesco S&P 500 Equal Weight Sold out 0.00% −0.02
EBIZ Global X E-Commerce ETF Sold out 0.00% −0.02
XLI SS Industrial Select Sector Reduce -60.4% 0.01% −0.02
FXO First Trust Financial Alphad Reduce -41.8% 0.02% −0.01
ILMN Illumina Inc. Reduce -21.3% 0.01% −0.01
BMY Bristol-Myers Squibb Co. Reduce -31.4% 0.03% −0.01

Portfolio Buys Q4 2024 → Q1 2025
TLH iShares 10-20 Year Treasury Add +72181.9% 1.98% +1.98
IVE iShares S&P 500 Value ETF Add +39.5% 4.17% +1.04
OEF iShares S&P 100 ETF New 1.04% +1.04
SPYM Ste STR SPDR PT S&P 500 ETF Add +25.8% 7.07% +0.92
GLDM SPDR Gold Minishares Trust Add +46.0% 2.00% +0.80
SPHQ Invesco S&P 500 Quality ETF Add +21.1% 5.77% +0.75
DBEF Xtrackers MSCI Eafe Hedged E New 0.71% +0.71
RNEM Emerging Markets Eqty Select Add +55.6% 1.66% +0.59
GTO Invesco Total Return Bond Et Add +7.0% 13.33% +0.48
AUSF Global X Adaptive US Factor Add +6.4% 4.91% +0.28
HYEM Vaneck Emrg MKTS Hi YLD Add +50.9% 0.84% +0.26
HYDB iShares High Yield Systemati Add +682.6% 0.28% +0.25
ICVT iShares Convertible Bond ETF Add +62.7% 0.55% +0.19
SPBO SS SPDR P Corp. Bond ETF Add +18.4% 1.31% +0.17
IYF iShares US Financials ETF Add +250.0% 0.21% +0.15
RDVI FT Vest Rising Dividend Achi Add +213.2% 0.17% +0.11
WTPI Wisdomtree Equity Premium Inc. Add +217.9% 0.17% +0.11
JMBS Janus Henderson Mortg Backed Add +32.4% 0.34% +0.08
BINC iShares Flex I A ETF-Usd Inc. Add +7.0% 2.50% +0.08
BRK.B Berkshire Hathaway Inc. Class B Add +9.0% 0.38% +0.07
XLE SS Energy Select Sector Add +31.2% 0.17% +0.05
AIRR First Trust Rba American Ind Add +97.2% 0.11% +0.04
CVX Chevron Corp. Add +0.1% 0.42% +0.04
SPMO Invesco S&P 500 Momentum ETF Add +9.7% 1.38% +0.03
KCE SS SPDR S&P Cap MKTS ETF Add +84.9% 0.07% +0.03
PBTP Invesco 0-5 YR US Tips ETF Add +5.7% 0.74% +0.02
ITA iShares U.S. Aerospace & Def Add +27.1% 0.11% +0.02
EFG iShares MSCI Eafe Growth ETF Add +379.9% 0.03% +0.02
FDVV Fidelity High Dividend ETF Add +230.2% 0.04% +0.02
DIVI Franklin International Core Add +190.7% 0.03% +0.02
HIMS Hims & Hers Health Inc. New 0.02% +0.02
USRT iShares Core US REIT ETF Add +218.5% 0.03% +0.02
EDIV State Street SPDR S&P Emergi Add +204.6% 0.03% +0.02
XLV SS Health Care Select Sector Add +3.2% 0.46% +0.02
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 0.02% +0.02
AMD Advanced Micro Devices Add +355.1% 0.02% +0.02
UNH Unitedhealth Group Inc. Add +12.3% 0.16% +0.02
SOFI Sofi Technologies Inc. Add +552.5% 0.02% +0.01
JEPQ JPM Nasdaq Equity Premium Add +64.9% 0.04% +0.01
NOC Northrop Grumman Corp. Add +64.7% 0.03% +0.01
RIVN Rivian Automotive Inc. Class A Add +251.8% 0.02% +0.01
EMXC iShares MSCI Emr MRK Ex Chna Add +96.2% 0.02% +0.01
MA Mastercard Inc. Class A Add +36.1% 0.04% +0.01
PLTR Palantir Technologies Inc. Class A Add +6.3% 0.08% +0.01
VOO Vanguard S&P 500 ETF Add +12.9% 0.33% +0.01
HOLX Hologic Inc. Add +44.0% 0.06% +0.01
JNJ Johnson & Johnson Add +0.1% 0.09% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +10.2% 0.09% +0.01
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +111.3% 0.01% +0.01
XOM Exxon Mobil Corp. Add +0.1% 0.12% +0.01

Options Activity Q4 2024 → Q1 2025
APPLE INC put New 12 $10K
TESLA INC put Sold out 13 $9Kbefore exit
APPLE INC call New 12 $3K
CHEVRON CORPORATION call New 16 $3K
INTUIT call New 6 $2K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 New 25 $692

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 934$444.2MFBND, FLXR, RDVY, AUSF, SPTI
Q1 2026 900$393.5MRDVY, AUSF, FBND, FLXR, WTMF
Q4 2025 657$351.9MAUSF, FBND, RDVY, SPHQ, DDWM
Q3 2025 670$343.2MAUSF, SPYM, SPYG, SPHQ, IVE
Q2 2025 692$310.2MGTO, SPHQ, DDWM, SPYG, SPYM
Q1 2025 697$272.5MGTO, SPYM, SPHQ, SPYG, AUSF
Q4 2024 618$261.0MGTO, SPYM, SPYG, SPHQ, AUSF
Q3 2024 620$243.8MGTO, SPYM, SPYG, SPHQ, AUSF
Q2 2024 614$217.4MGTO, SPYM, SPYG, SPHQ, AUSF
Q1 2024 690$179.2MSPYM, GTO, SPHQ, SPY, QQQ