Trademark Financial Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Trademark Financial Management, LLC reported 94 stock positions worth $171.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 14.0% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.8%) and JPMorgan Core Plus Bond ETF (JCPB, 5.2%). Compared with Q2 2025, it opened 8 new positions, sold out of 2, added to 46 and reduced 36. The biggest buy was Putnam Focused LRG Cap Value (PVAL, shares +429%) and the biggest sale Vngrd Mrgstr MG CP VL ETF-Ui (MGV, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- Bloomington, MN
- CIK
- 0002011736
- Portfolio Value
- $171.8M (Q3 2025)
- SEC Filing
- 0002085853-25-000110 ↗ filed Oct 17, 2025
Holdings Value
Holdings 94 stocks · $171.8M
| IVV iShares Core S&P 500 ETF | 14.01% | 35,969 | $24.1M | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 5.84% | 16,707 | $10.0M | Add +0.2% |
| JCPB JPMorgan Core Plus Bond ETF | 5.22% | 188,501 | $9.0M | Add +19.6% |
| DFIV Dimensional International Va | 3.75% | 139,717 | $6.4M | Add +6.5% |
| PVAL Putnam Focused LRG Cap Value | 3.58% | 143,929 | $6.1M | Add +429.2% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 3.27% | 40,791 | $5.6M | Reduce -41.3% |
| IDMO Invesco S&P International DE | 3.25% | 103,567 | $5.6M | Add +6.4% |
| VTI VG Morningstar TS MKT ETF-US | 3.18% | 16,656 | $5.5M | Add +0.2% |
| CLOI Vaneck Clo ETF | 2.81% | 90,856 | $4.8M | Add +10.1% |
| JPST JPMorgan Ultra-Short Income | 2.70% | 91,338 | $4.6M | Reduce -28.3% |
| ESGV Vanguard ESG US Stock ETF | 2.60% | 37,764 | $4.5M | Reduce -1.0% |
| SPMO Invesco S&P 500 Momentum ETF | 2.45% | 34,772 | $4.2M | Add +991.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 2.37% | 52,029 | $4.1M | Add +8.4% |
| IAU iShares Gold Trust | 2.33% | 54,965 | $4.0M | Add +1.7% |
| CWS Advisorshares Equity Focused | 2.31% | 57,934 | $4.0M | Reduce -10.4% |
| EVTR Eaton Vance Total Return | 2.23% | 74,494 | $3.8M | Add +16.9% |
| AVSU Avantis Resp US Equity ETF | 1.96% | 45,882 | $3.4M | Reduce -1.0% |
| FRDM Freedom 100 Emeging MRKT ETF | 1.91% | 74,034 | $3.3M | Add +2.4% |
| STIP iShares 0-5 Year Tips Bond E | 1.80% | 29,982 | $3.1M | Add +10.8% |
| IWF iShares Russell 1000 Growth | 1.35% | 4,935 | $2.3M | Add +0.6% |
| USTB Victoryshares Short-Term Bon | 1.29% | 43,476 | $2.2M | Add +11.7% |
| MSFT Microsoft Corp. | 1.26% | 4,190 | $2.2M | Reduce -4.4% |
| COWZ Pacer US Cash Cows 100 ETF | 1.21% | 36,235 | $2.1M | Reduce -26.6% |
| QUAL iShares MSCI USA Quality Fac | 1.15% | 10,187 | $2.0M | Reduce -35.7% |
| IYF iShares US Financials ETF | 1.12% | 15,229 | $1.9M | Add +16.2% |
| AVSD Avantis Reps Intern Equi ETF | 1.11% | 26,770 | $1.9M | Add +1.0% |
| VFLO Victoryshares Free Cash Flow | 1.05% | 48,166 | $1.8M | Reduce -65.8% |
| COWG Pacer US LRG Cap Cows GR LD | 1.02% | 48,125 | $1.7M | Reduce -54.9% |
| GDX Vaneck Gold Miners ETF | 0.98% | 22,108 | $1.7M | Add +6.0% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.83% | 14,400 | $1.4M | Add +1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.74% | 1,921 | $1.3M | Add +0.3% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.71% | 27,848 | $1.2M | Add +0.3% |
| BWZ State Street SPDR Bloomberg | 0.65% | 40,398 | $1.1M | Add +66.5% |
| VIG Vanguard Dividend Apprec ETF | 0.64% | 5,133 | $1.1M | Reduce -6.2% |
| FLQM Franklin U.S. Mid Cap Multif | 0.63% | 19,048 | $1.1M | Add +4.9% |
| AMZN Amazon.com Inc. | 0.62% | 4,832 | $1.1M | Reduce -4.5% |
| AVDE Avantis International Equity | 0.62% | 13,442 | $1.1M | Add +8.0% |
| MOAT Vaneck Morningstar Wide Moat | 0.61% | 10,607 | $1.1M | Reduce -3.6% |
| PXH Inves Rafi Emer MRKT-Usd Inc. | 0.61% | 41,177 | $1.0M | Add +10.4% |
| AVUS Avantis U.S. Equity ETF | 0.56% | 8,783 | $955K | Add +0.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.55% | 3,816 | $943K | Add +0.9% |
| AVDV Avantis Intl S/C Value ETF | 0.52% | 9,998 | $890K | Add +24.7% |
| PYLD PIMCO Multisector Bond Actv | 0.52% | 32,977 | $885K | Add +61.2% |
| DFUS Dimensional US Eq MKT ETF | 0.48% | 11,500 | $833K | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.47% | 874 | $809K | Reduce -1.0% |
| EDIV State Street SPDR S&P Emergi | 0.42% | 18,575 | $722K | Reduce -6.4% |
| VRIG Invesco Variable Rate Invest | 0.41% | 28,013 | $703K | Reduce -10.1% |
| PWRD TCW Transform Systems ETF | 0.38% | 6,664 | $651K | Add +0.5% |
| AAPL Apple Inc. | 0.38% | 2,538 | $646K | Reduce -2.4% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.36% | 13,248 | $615K | Reduce -36.5% |
| MINO PIMCO Municipal Income Oppor | 0.36% | 13,542 | $614K | Reduce -7.1% |
| HYEM Vaneck Emrg MKTS Hi YLD | 0.35% | 30,401 | $610K | Add +1.0% |
| FSMD Fidelity Small-Mid Multifact | 0.35% | 13,783 | $607K | Add +68.0% |
| FVD First Trust Value Line DVD | 0.35% | 13,113 | $606K | Reduce -1.2% |
| ITOT iShares Core S&P Total U.S. | 0.31% | 3,628 | $528K | Add +2.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.29% | 1,022 | $490K | Add +3.0% |
| FGDL Franklin Resp Sourced Gold | 0.28% | 9,407 | $486K | Add +38.3% |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.28% | 7,614 | $484K | Add +0.9% |
| NVDA Nvidia Corp. | 0.28% | 2,587 | $483K | No change |
| EMNT PIMCO Enhcd St M-Active ESG | 0.27% | 4,771 | $472K | Add +13.8% |
| SHLD Global X Defense Tech ETF | 0.26% | 6,260 | $440K | Add +45.6% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.25% | 7,785 | $427K | No change |
| INFL Horizon Kinetics Infl Benef | 0.25% | 9,524 | $426K | Reduce -4.7% |
| VTIP Vanguard Short-Term Tips | 0.25% | 8,356 | $423K | Add +63.5% |
| CIBR First Trust Nasdaq Cybersecu | 0.24% | 5,331 | $405K | Reduce -18.3% |
| BKGI BNY Mellon GLBL Infra Inc. | 0.23% | 10,097 | $393K | Add +2.5% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 3,230 | $384K | Add +0.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.21% | 3,788 | $360K | Reduce -87.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.21% | 4,319 | $358K | Reduce -1.7% |
| BKDV BNY Mellon Dynamic Value | 0.21% | 12,879 | $358K | Add +16.6% |
| IPKW Invesco International Buybac | 0.20% | 6,581 | $347K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.20% | 1,357 | $345K | Reduce -1.3% |
| SMH Vaneck Semiconductor ETF | 0.20% | 1,057 | $345K | New |
| QGRO American Century US Quality | 0.20% | 2,987 | $342K | New |
| FBND Fidelity Total Bond ETF | 0.19% | 7,218 | $334K | New |
| ESGU iShares ESG Aware MSCI USA | 0.19% | 2,290 | $333K | No change |
| XOM Exxon Mobil Corp. | 0.19% | 2,920 | $329K | No change |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.18% | 3,826 | $309K | Add +5.6% |
| WTV Wisdomtree U.S. Value Fund | 0.18% | 3,325 | $303K | New |
| IJH iShares Core S&P Midcap ETF | 0.17% | 4,561 | $298K | Reduce -0.5% |
| USFR Wisdomtree Floating Rate Tre | 0.15% | 5,236 | $263K | Reduce -50.3% |
| IWY iShares Russell Top 200 Grow | 0.15% | 959 | $262K | Reduce -0.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.15% | 884 | $260K | Reduce -0.7% |
| DFSU Dimensional US Sus CORE1 ETF | 0.14% | 5,718 | $243K | Add +0.3% |
| CGMS Cap Group US Multi-Sect Bond | 0.14% | 8,656 | $240K | Add +2.8% |
| IHDG Wisdomtree International Hed | 0.13% | 4,932 | $227K | Reduce -23.3% |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.13% | 7,111 | $221K | Reduce -8.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.12% | 1,130 | $211K | New |
| PG The Procter & Gamble Co. | 0.12% | 1,354 | $208K | Reduce -6.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 412 | $207K | Reduce -1.4% |
| GSST Goldman Sachs Ultra Short Bo | 0.12% | 4,080 | $207K | New |
| OEF iShares S&P 100 ETF | 0.12% | 619 | $206K | New |
| USRT iShares Core US REIT ETF | 0.12% | 3,477 | $204K | Reduce -78.7% |
| NZF Nuveen Municipal Credit Inc. | 0.08% | 10,447 | $131K | Reduce -6.5% |
Portfolio Sells Q2 2025 → Q3 2025
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -41.3% | 3.27% | −2.30 |
| VFLO Victoryshares Free Cash Flow | Reduce -65.8% | 1.05% | −1.99 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -87.5% | 0.21% | −1.53 |
| COWG Pacer US LRG Cap Cows GR LD | Reduce -54.9% | 1.02% | −1.27 |
| JPST JPMorgan Ultra-Short Income | Reduce -28.3% | 2.70% | −1.25 |
| QUAL iShares MSCI USA Quality Fac | Reduce -35.7% | 1.15% | −0.62 |
| CWS Advisorshares Equity Focused | Reduce -10.4% | 2.31% | −0.45 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -26.6% | 1.21% | −0.45 |
| USRT iShares Core US REIT ETF | Reduce -78.7% | 0.12% | −0.45 |
| LVHI Franklin International Low V | Sold out | 0.00% | −0.22 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -36.5% | 0.36% | −0.20 |
| USFR Wisdomtree Floating Rate Tre | Reduce -50.3% | 0.15% | −0.17 |
| IGHG Proshares Ig Hedged | Sold out | 0.00% | −0.13 |
| MSFT Microsoft Corp. | Reduce -4.4% | 1.26% | −0.07 |
| VRIG Invesco Variable Rate Invest | Reduce -10.1% | 0.41% | −0.07 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -18.3% | 0.24% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 0.47% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -4.5% | 0.62% | −0.06 |
| IHDG Wisdomtree International Hed | Reduce -23.3% | 0.13% | −0.04 |
| EDIV State Street SPDR S&P Emergi | Reduce -6.4% | 0.42% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.2% | 0.64% | −0.04 |
| MINO PIMCO Municipal Income Oppor | Reduce -7.1% | 0.36% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -6.2% | 0.12% | −0.02 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -3.6% | 0.61% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.7% | 0.21% | −0.01 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | Reduce -8.9% | 0.13% | −0.01 |
| FVD First Trust Value Line DVD | Reduce -1.2% | 0.35% | −0.01 |
| INFL Horizon Kinetics Infl Benef | Reduce -4.7% | 0.25% | −0.01 |
| NZF Nuveen Municipal Credit Inc. | Reduce -6.5% | 0.08% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.4% | 0.12% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.7% | 0.15% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.5% | 0.17% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.3% | 0.20% | +0.00 |
| IWY iShares Russell Top 200 Grow | Reduce -0.2% | 0.15% | +0.01 |
| DFUS Dimensional US Eq MKT ETF | Reduce -0.9% | 0.48% | +0.01 |
| AVSU Avantis Resp US Equity ETF | Reduce -1.0% | 1.96% | +0.02 |
| ESGV Vanguard ESG US Stock ETF | Reduce -1.0% | 2.60% | +0.05 |
| AAPL Apple Inc. | Reduce -2.4% | 0.38% | +0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| PVAL Putnam Focused LRG Cap Value | Add +429.2% | 3.58% | +2.91 |
| SPMO Invesco S&P 500 Momentum ETF | Add +991.1% | 2.45% | +2.23 |
| JCPB JPMorgan Core Plus Bond ETF | Add +19.6% | 5.22% | +0.68 |
| IVV iShares Core S&P 500 ETF | Add +0.1% | 14.01% | +0.36 |
| GDX Vaneck Gold Miners ETF | Add +6.0% | 0.98% | +0.32 |
| DFIV Dimensional International Va | Add +6.5% | 3.75% | +0.32 |
| IAU iShares Gold Trust | Add +1.7% | 2.33% | +0.27 |
| EVTR Eaton Vance Total Return | Add +16.9% | 2.23% | +0.25 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +8.4% | 2.37% | +0.24 |
| BWZ State Street SPDR Bloomberg | Add +66.5% | 0.65% | +0.24 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 5.84% | +0.21 |
| IDMO Invesco S&P International DE | Add +6.4% | 3.25% | +0.21 |
| IPKW Invesco International Buybac | New | 0.20% | +0.20 |
| SMH Vaneck Semiconductor ETF | New | 0.20% | +0.20 |
| QGRO American Century US Quality | New | 0.20% | +0.20 |
| FBND Fidelity Total Bond ETF | New | 0.19% | +0.19 |
| PYLD PIMCO Multisector Bond Actv | Add +61.2% | 0.52% | +0.18 |
| WTV Wisdomtree U.S. Value Fund | New | 0.18% | +0.18 |
| IYF iShares US Financials ETF | Add +16.2% | 1.12% | +0.15 |
| FSMD Fidelity Small-Mid Multifact | Add +68.0% | 0.35% | +0.14 |
| CLOI Vaneck Clo ETF | Add +10.1% | 2.81% | +0.14 |
| AVDV Avantis Intl S/C Value ETF | Add +24.7% | 0.52% | +0.13 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +2.4% | 1.91% | +0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.12% | +0.12 |
| GSST Goldman Sachs Ultra Short Bo | New | 0.12% | +0.12 |
| OEF iShares S&P 100 ETF | New | 0.12% | +0.12 |
| STIP iShares 0-5 Year Tips Bond E | Add +10.8% | 1.80% | +0.10 |
| FGDL Franklin Resp Sourced Gold | Add +38.3% | 0.28% | +0.10 |
| SHLD Global X Defense Tech ETF | Add +45.6% | 0.26% | +0.10 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 3.18% | +0.09 |
| VTIP Vanguard Short-Term Tips | Add +63.5% | 0.25% | +0.09 |
| USTB Victoryshares Short-Term Bon | Add +11.7% | 1.29% | +0.08 |
| PXH Inves Rafi Emer MRKT-Usd Inc. | Add +10.4% | 0.61% | +0.08 |
| IWF iShares Russell 1000 Growth | Add +0.6% | 1.35% | +0.07 |
| AVDE Avantis International Equity | Add +8.0% | 0.62% | +0.05 |
| BKDV BNY Mellon Dynamic Value | Add +16.6% | 0.21% | +0.03 |
| QQQM Invesco Nasdaq 100 ETF | Add +0.9% | 0.55% | +0.02 |
| FLQM Franklin U.S. Mid Cap Multif | Add +4.9% | 0.63% | +0.02 |
| EMNT PIMCO Enhcd St M-Active ESG | Add +13.8% | 0.27% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.74% | +0.02 |
| AVSD Avantis Reps Intern Equi ETF | Add +1.0% | 1.11% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.0% | 0.29% | +0.02 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Add +1.3% | 0.83% | +0.02 |
| ITOT iShares Core S&P Total U.S. | Add +2.8% | 0.31% | +0.02 |
| AVUS Avantis U.S. Equity ETF | Add +0.1% | 0.56% | +0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +5.6% | 0.18% | +0.01 |
| PWRD TCW Transform Systems ETF | Add +0.5% | 0.38% | +0.01 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Add +0.9% | 0.28% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +0.3% | 0.22% | +0.01 |
| DFSU Dimensional US Sus CORE1 ETF | Add +0.3% | 0.14% | +0.00 |
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 |