Trademark Financial Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Trademark Financial Management, LLC reported 88 stock positions worth $163.5 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 13.6% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.6%) and Vngrd Mrgstr MG CP VL ETF-Ui (MGV, 5.6%). Compared with Q1 2025, it opened 12 new positions, sold out of 11, added to 43 and reduced 31. The biggest buy was JPMorgan Core Plus Bond ETF (JCPB, shares +151%) and the biggest sale Pacer US Cash Cows 100 ETF (COWZ, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- Bloomington, MN
- CIK
- 0002011736
- Portfolio Value
- $163.5M (Q2 2025)
- SEC Filing
- 0001667731-25-001022 ↗ filed Jul 31, 2025
Holdings Value
Holdings 88 stocks · $163.5M
| IVV iShares Core S&P 500 ETF | 13.65% | 35,949 | $22.3M | Add +12.2% |
| QQQ Invesco QQQ Trust Series 1 | 5.63% | 16,677 | $9.2M | Add +12.7% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 5.57% | 69,474 | $9.1M | Add +52.7% |
| JCPB JPMorgan Core Plus Bond ETF | 4.54% | 157,681 | $7.4M | Add +151.0% |
| JPST JPMorgan Ultra-Short Income | 3.95% | 127,315 | $6.5M | Add +0.1% |
| DFIV Dimensional International Va | 3.43% | 131,151 | $5.6M | Add +142.0% |
| VTI VG Morningstar TS MKT ETF-US | 3.09% | 16,622 | $5.1M | Add +0.4% |
| IDMO Invesco S&P International DE | 3.05% | 97,301 | $5.0M | Add +114.5% |
| VFLO Victoryshares Free Cash Flow | 3.04% | 140,647 | $5.0M | Add +173.0% |
| CWS Advisorshares Equity Focused | 2.77% | 64,687 | $4.5M | Add +184.4% |
| CLOI Vaneck Clo ETF | 2.67% | 82,488 | $4.4M | Reduce -7.2% |
| ESGV Vanguard ESG US Stock ETF | 2.56% | 38,148 | $4.2M | Add +6.4% |
| COWG Pacer US LRG Cap Cows GR LD | 2.29% | 106,581 | $3.7M | Add +48.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 2.13% | 47,993 | $3.5M | Add +32.2% |
| IAU iShares Gold Trust | 2.06% | 54,041 | $3.4M | Add +1.3% |
| EVTR Eaton Vance Total Return | 1.98% | 63,709 | $3.2M | Add +6.6% |
| AVSU Avantis Resp US Equity ETF | 1.94% | 46,353 | $3.2M | Add +4.9% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.79% | 72,304 | $2.9M | Add +270.1% |
| QUAL iShares MSCI USA Quality Fac | 1.77% | 15,837 | $2.9M | Reduce -15.2% |
| USMV iShares MSCI USA Min Vol Fac | 1.74% | 30,361 | $2.8M | Add +936.9% |
| STIP iShares 0-5 Year Tips Bond E | 1.70% | 27,056 | $2.8M | Add +202.9% |
| COWZ Pacer US Cash Cows 100 ETF | 1.66% | 49,366 | $2.7M | Reduce -55.1% |
| MSFT Microsoft Corp. | 1.33% | 4,381 | $2.2M | Add +45.1% |
| IWF iShares Russell 1000 Growth | 1.27% | 4,904 | $2.1M | Reduce -19.9% |
| USTB Victoryshares Short-Term Bon | 1.21% | 38,914 | $2.0M | Add +16.2% |
| AVSD Avantis Reps Intern Equi ETF | 1.09% | 26,496 | $1.8M | Add +10.1% |
| IYF iShares US Financials ETF | 0.97% | 13,107 | $1.6M | Add +283.6% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.82% | 14,215 | $1.3M | Add +3.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.72% | 1,915 | $1.2M | Reduce -1.9% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.71% | 27,762 | $1.2M | Add +3.7% |
| VIG Vanguard Dividend Apprec ETF | 0.68% | 5,471 | $1.1M | Add +21.0% |
| AMZN Amazon.com Inc. | 0.68% | 5,062 | $1.1M | Reduce -2.1% |
| PVAL Putnam Focused LRG Cap Value | 0.67% | 27,199 | $1.1M | Add +19.0% |
| GDX Vaneck Gold Miners ETF | 0.66% | 20,867 | $1.1M | Reduce -4.6% |
| MOAT Vaneck Morningstar Wide Moat | 0.63% | 11,000 | $1.0M | Reduce -29.3% |
| FLQM Franklin U.S. Mid Cap Multif | 0.60% | 18,155 | $986K | New |
| USRT iShares Core US REIT ETF | 0.56% | 16,324 | $923K | Add +26.3% |
| AVDE Avantis International Equity | 0.56% | 12,444 | $921K | Add +127.8% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.56% | 20,874 | $913K | Reduce -75.7% |
| AVUS Avantis U.S. Equity ETF | 0.54% | 8,777 | $885K | Reduce -45.7% |
| COST Costco Wholesale Corp. | 0.53% | 883 | $874K | Add +8.1% |
| PXH Inves Rafi Emer MRKT-Usd Inc. | 0.53% | 37,307 | $873K | Add +7.4% |
| QQQM Invesco Nasdaq 100 ETF | 0.53% | 3,781 | $859K | Add +4.4% |
| VRIG Invesco Variable Rate Invest | 0.48% | 31,171 | $781K | Add +9.1% |
| DFUS Dimensional US Eq MKT ETF | 0.48% | 11,600 | $777K | No change |
| EDIV State Street SPDR S&P Emergi | 0.46% | 19,841 | $756K | Reduce -69.6% |
| BWZ State Street SPDR Bloomberg | 0.42% | 24,264 | $681K | New |
| MINO PIMCO Municipal Income Oppor | 0.39% | 14,581 | $645K | Reduce -15.8% |
| AVDV Avantis Intl S/C Value ETF | 0.39% | 8,016 | $636K | New |
| PWRD TCW Transform Systems ETF | 0.37% | 6,630 | $598K | New |
| HYEM Vaneck Emrg MKTS Hi YLD | 0.36% | 30,097 | $597K | Add +55.2% |
| FVD First Trust Value Line DVD | 0.36% | 13,276 | $593K | Reduce -3.8% |
| PYLD PIMCO Multisector Bond Actv | 0.33% | 20,460 | $543K | New |
| AAPL Apple Inc. | 0.33% | 2,601 | $534K | Add +43.2% |
| USFR Wisdomtree Floating Rate Tre | 0.32% | 10,531 | $530K | Reduce -19.1% |
| CIBR First Trust Nasdaq Cybersecu | 0.30% | 6,523 | $493K | New |
| ITOT iShares Core S&P Total U.S. | 0.29% | 3,529 | $477K | Reduce -23.8% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.27% | 7,547 | $442K | Add +3.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.27% | 992 | $435K | Reduce -24.2% |
| INFL Horizon Kinetics Infl Benef | 0.26% | 9,989 | $421K | Add +4.1% |
| EMNT PIMCO Enhcd St M-Active ESG | 0.25% | 4,192 | $414K | Add +9.9% |
| NVDA Nvidia Corp. | 0.25% | 2,587 | $409K | Reduce -17.3% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.24% | 7,785 | $396K | No change |
| BKGI BNY Mellon GLBL Infra Inc. | 0.24% | 9,848 | $387K | New |
| SHY iShares 1-3 Year Treasury Bo | 0.22% | 4,393 | $364K | New |
| SPMO Invesco S&P 500 Momentum ETF | 0.22% | 3,187 | $358K | New |
| LVHI Franklin International Low V | 0.22% | 10,919 | $355K | Reduce -61.3% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 3,221 | $352K | Add +0.4% |
| FSMD Fidelity Small-Mid Multifact | 0.21% | 8,206 | $340K | Reduce -83.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.20% | 1,375 | $326K | Reduce -22.4% |
| XOM Exxon Mobil Corp. | 0.19% | 2,920 | $315K | Reduce -0.9% |
| ESGU iShares ESG Aware MSCI USA | 0.19% | 2,290 | $310K | Add +1.9% |
| FGDL Franklin Resp Sourced Gold | 0.18% | 6,803 | $299K | Add +8.6% |
| BKDV BNY Mellon Dynamic Value | 0.18% | 11,050 | $294K | Add +13.7% |
| IHDG Wisdomtree International Hed | 0.18% | 6,432 | $290K | Reduce -61.3% |
| IJH iShares Core S&P Midcap ETF | 0.17% | 4,585 | $284K | Reduce -1.5% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.17% | 3,623 | $271K | Reduce -2.9% |
| SHLD Global X Defense Tech ETF | 0.16% | 4,300 | $259K | New |
| VTIP Vanguard Short-Term Tips | 0.16% | 5,111 | $257K | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.15% | 890 | $249K | New |
| IWY iShares Russell Top 200 Grow | 0.14% | 961 | $237K | Reduce -0.6% |
| CGMS Cap Group US Multi-Sect Bond | 0.14% | 8,419 | $233K | Reduce -48.3% |
| PG The Procter & Gamble Co. | 0.14% | 1,444 | $230K | Reduce -7.1% |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.14% | 7,806 | $230K | Reduce -38.5% |
| DFSU Dimensional US Sus CORE1 ETF | 0.14% | 5,699 | $224K | Add +1.9% |
| IGHG Proshares Ig Hedged | 0.13% | 2,664 | $209K | Reduce -61.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 418 | $203K | Reduce -7.7% |
| NZF Nuveen Municipal Credit Inc. | 0.08% | 11,167 | $133K | Reduce -19.1% |
Portfolio Sells Q1 2025 → Q2 2025
| COWZ Pacer US Cash Cows 100 ETF | Reduce -55.1% | 1.66% | −2.93 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -75.7% | 0.56% | −2.28 |
| EDIV State Street SPDR S&P Emergi | Reduce -69.6% | 0.46% | −1.31 |
| FSMD Fidelity Small-Mid Multifact | Reduce -83.5% | 0.21% | −1.28 |
| CLOI Vaneck Clo ETF | Reduce -7.2% | 2.67% | −0.91 |
| TSME Thrivent SML-MDC Eq ETF-US I | Sold out | 0.00% | −0.75 |
| QUAL iShares MSCI USA Quality Fac | Reduce -15.2% | 1.77% | −0.67 |
| AVUS Avantis U.S. Equity ETF | Reduce -45.7% | 0.54% | −0.60 |
| LVHI Franklin International Low V | Reduce -61.3% | 0.22% | −0.48 |
| IWF iShares Russell 1000 Growth | Reduce -19.9% | 1.27% | −0.41 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -29.3% | 0.63% | −0.41 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.40 |
| IHDG Wisdomtree International Hed | Reduce -61.3% | 0.18% | −0.37 |
| GSC Goldman Sachs Small Cap Equi | Sold out | 0.00% | −0.34 |
| KIE SS SPDR S&P Insurance ETF | Sold out | 0.00% | −0.32 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.31 |
| TCAF T Rowe PRC Cap Appreciation | Sold out | 0.00% | −0.29 |
| IGHG Proshares Ig Hedged | Reduce -61.5% | 0.13% | −0.28 |
| HYGH iShares Int Rate Hedg HY ETF | Sold out | 0.00% | −0.23 |
| FBND Fidelity Total Bond ETF | Sold out | 0.00% | −0.21 |
| USAI Pacer Ame Energy Infr ETF-US | Sold out | 0.00% | −0.21 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.20 |
| CGMS Cap Group US Multi-Sect Bond | Reduce -48.3% | 0.14% | −0.20 |
| MINO PIMCO Municipal Income Oppor | Reduce -15.8% | 0.39% | −0.20 |
| USFR Wisdomtree Floating Rate Tre | Reduce -19.1% | 0.32% | −0.18 |
| RUNN Running Oak Efficient GR ETF | Sold out | 0.00% | −0.16 |
| ITOT iShares Core S&P Total U.S. | Reduce -23.8% | 0.29% | −0.14 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | Reduce -38.5% | 0.14% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.9% | 0.72% | −0.11 |
| FVD First Trust Value Line DVD | Reduce -3.8% | 0.36% | −0.11 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -24.2% | 0.27% | −0.10 |
| GDX Vaneck Gold Miners ETF | Reduce -4.6% | 0.66% | −0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -22.4% | 0.20% | −0.10 |
| XOM Exxon Mobil Corp. | Reduce -0.9% | 0.19% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 0.68% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -7.1% | 0.14% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.7% | 0.12% | −0.06 |
| NZF Nuveen Municipal Credit Inc. | Reduce -19.1% | 0.08% | −0.05 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.5% | 0.17% | −0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -2.9% | 0.17% | −0.03 |
| IWY iShares Russell Top 200 Grow | Reduce -0.6% | 0.14% | −0.01 |
| NVDA Nvidia Corp. | Reduce -17.3% | 0.25% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| JCPB JPMorgan Core Plus Bond ETF | Add +151.0% | 4.54% | +2.28 |
| DFIV Dimensional International Va | Add +142.0% | 3.43% | +1.81 |
| VFLO Victoryshares Free Cash Flow | Add +173.0% | 3.04% | +1.69 |
| CWS Advisorshares Equity Focused | Add +184.4% | 2.77% | +1.63 |
| USMV iShares MSCI USA Min Vol Fac | Add +936.9% | 1.74% | +1.53 |
| IDMO Invesco S&P International DE | Add +114.5% | 3.05% | +1.52 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +270.1% | 1.79% | +1.26 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Add +52.7% | 5.57% | +1.10 |
| STIP iShares 0-5 Year Tips Bond E | Add +202.9% | 1.70% | +1.00 |
| IYF iShares US Financials ETF | Add +283.6% | 0.97% | +0.68 |
| COWG Pacer US LRG Cap Cows GR LD | Add +48.6% | 2.29% | +0.60 |
| FLQM Franklin U.S. Mid Cap Multif | New | 0.60% | +0.60 |
| MSFT Microsoft Corp. | Add +45.1% | 1.33% | +0.47 |
| BWZ State Street SPDR Bloomberg | New | 0.42% | +0.42 |
| AVDV Avantis Intl S/C Value ETF | New | 0.39% | +0.39 |
| PWRD TCW Transform Systems ETF | New | 0.37% | +0.37 |
| PYLD PIMCO Multisector Bond Actv | New | 0.33% | +0.33 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.7% | 5.63% | +0.33 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +32.2% | 2.13% | +0.31 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.30% | +0.30 |
| AVDE Avantis International Equity | Add +127.8% | 0.56% | +0.29 |
| BKGI BNY Mellon GLBL Infra Inc. | New | 0.24% | +0.24 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.22% | +0.22 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.22% | +0.22 |
| SHLD Global X Defense Tech ETF | New | 0.16% | +0.16 |
| VTIP Vanguard Short-Term Tips | New | 0.16% | +0.16 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.15% | +0.15 |
| HYEM Vaneck Emrg MKTS Hi YLD | Add +55.2% | 0.36% | +0.07 |
| AAPL Apple Inc. | Add +43.2% | 0.33% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +21.0% | 0.68% | +0.02 |
| PVAL Putnam Focused LRG Cap Value | Add +19.0% | 0.67% | +0.01 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Add +3.7% | 0.82% | −0.00 |
| USRT iShares Core US REIT ETF | Add +26.3% | 0.56% | −0.00 |
| AVSD Avantis Reps Intern Equi ETF | Add +10.1% | 1.09% | −0.01 |
| BKDV BNY Mellon Dynamic Value | Add +13.7% | 0.18% | −0.01 |
| QQQM Invesco Nasdaq 100 ETF | Add +4.4% | 0.53% | −0.01 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Add +3.5% | 0.27% | −0.02 |
| DFSU Dimensional US Sus CORE1 ETF | Add +1.9% | 0.14% | −0.02 |
| FGDL Franklin Resp Sourced Gold | Add +8.6% | 0.18% | −0.02 |
| ESGU iShares ESG Aware MSCI USA | Add +1.9% | 0.19% | −0.02 |
| EMNT PIMCO Enhcd St M-Active ESG | Add +9.9% | 0.25% | −0.03 |
| INFL Horizon Kinetics Infl Benef | Add +4.1% | 0.26% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Add +0.4% | 0.22% | −0.04 |
| PXH Inves Rafi Emer MRKT-Usd Inc. | Add +7.4% | 0.53% | −0.04 |
| COST Costco Wholesale Corp. | Add +8.1% | 0.53% | −0.06 |
| VRIG Invesco Variable Rate Invest | Add +9.1% | 0.48% | −0.07 |
| USTB Victoryshares Short-Term Bon | Add +16.2% | 1.21% | −0.08 |
| IVV iShares Core S&P 500 ETF | Add +12.2% | 13.65% | −0.09 |
| NULV Nuveen ESG Large-Cap Val ETF | Add +3.7% | 0.71% | −0.12 |
| ESGV Vanguard ESG US Stock ETF | Add +6.4% | 2.56% | −0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 107 | $244.2M | IVV, PVAL, QQQM, DFIV, JCPB |
| Q1 2026 | 102 | $204.1M | IVV, PVAL, JCPB, DFIV, QQQM |
| Q4 2025 | 95 | $181.7M | IVV, PVAL, JCPB, QQQ, DFIV |
| Q3 2025 | 94 | $171.8M | IVV, QQQ, JCPB, DFIV, PVAL |
| Q2 2025 | 88 | $163.5M | IVV, QQQ, MGV, JCPB, JPST |
| Q1 2025 | 87 | $131.1M | IVV, QQQ, JPST, COWZ, MGV |
| Q4 2024 | 90 | $125.9M | IVV, QQQ, COWZ, JPST, VTI |
| Q3 2024 | 93 | $126.1M | IVV, COWZ, QQQ, JPST, QUAL |
| Q2 2024 | 86 | $122.8M | IVV, COWZ, MOAT, JPST, QQQ |
| Q1 2024 | 76 | $120.6M | IVV, COWZ, MOAT, JPST, QQQ |