Trademark Financial Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), Trademark Financial Management, LLC reported 95 stock positions worth $181.7 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 12.3% of the portfolio, followed by Putnam Focused LRG Cap Value (PVAL, 5.0%) and JPMorgan Core Plus Bond ETF (JCPB, 5.0%). Compared with Q3 2025, it opened 10 new positions, sold out of 9, added to 43 and reduced 39. The biggest buy was Invesco Nasdaq 100 ETF (QQQM, shares +372%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- Bloomington, MN
- CIK
- 0002011736
- Portfolio Value
- $181.7M (Q4 2025)
- SEC Filing
- 0002085853-26-000124 ↗ filed Jan 28, 2026
Holdings Value
Holdings 95 stocks · $181.7M
| IVV iShares Core S&P 500 ETF | 12.31% | 32,658 | $22.4M | Reduce -9.2% |
| PVAL Putnam Focused LRG Cap Value | 5.00% | 199,606 | $9.1M | Add +38.7% |
| JCPB JPMorgan Core Plus Bond ETF | 4.97% | 190,661 | $9.0M | Add +1.1% |
| QQQ Invesco QQQ Trust Series 1 | 4.66% | 13,772 | $8.5M | Reduce -17.6% |
| DFIV Dimensional International Va | 4.33% | 157,703 | $7.9M | Add +12.9% |
| SPMO Invesco S&P 500 Momentum ETF | 3.88% | 59,045 | $7.0M | Add +69.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 3.78% | 85,692 | $6.9M | Add +64.7% |
| IDMO Invesco S&P International DE | 3.67% | 119,861 | $6.7M | Add +15.7% |
| VTI VG Morningstar TS MKT ETF-US | 3.10% | 16,805 | $5.6M | Add +0.9% |
| EVTR Eaton Vance Total Return | 2.67% | 94,332 | $4.9M | Add +26.6% |
| CLOI Vaneck Clo ETF | 2.66% | 91,646 | $4.8M | Add +0.9% |
| JPST JPMorgan Ultra-Short Income | 2.58% | 92,518 | $4.7M | Add +1.3% |
| QQQM Invesco Nasdaq 100 ETF | 2.51% | 18,001 | $4.6M | Add +371.7% |
| IAU iShares Gold Trust | 2.48% | 55,490 | $4.5M | Add +1.0% |
| FRDM Freedom 100 Emeging MRKT ETF | 2.20% | 77,903 | $4.0M | Add +5.2% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 2.10% | 27,080 | $3.8M | Reduce -33.6% |
| ESGV Vanguard ESG US Stock ETF | 2.02% | 30,398 | $3.7M | Reduce -19.5% |
| STIP iShares 0-5 Year Tips Bond E | 1.64% | 29,100 | $3.0M | Reduce -2.9% |
| PYLD PIMCO Multisector Bond Actv | 1.46% | 99,715 | $2.7M | Add +202.4% |
| IWF iShares Russell 1000 Growth | 1.31% | 5,021 | $2.4M | Add +1.7% |
| IYF iShares US Financials ETF | 1.16% | 16,286 | $2.1M | Add +6.9% |
| COWZ Pacer US Cash Cows 100 ETF | 1.15% | 34,782 | $2.1M | Reduce -4.0% |
| USTB Victoryshares Short-Term Bon | 1.15% | 41,053 | $2.1M | Reduce -5.6% |
| CWS Advisorshares Equity Focused | 1.13% | 29,783 | $2.0M | Reduce -48.6% |
| VFLO Victoryshares Free Cash Flow | 1.11% | 51,405 | $2.0M | Add +6.7% |
| MSFT Microsoft Corp. | 1.08% | 4,052 | $2.0M | Reduce -3.3% |
| FSMD Fidelity Small-Mid Multifact | 1.05% | 43,055 | $1.9M | Add +212.4% |
| GDX Vaneck Gold Miners ETF | 0.99% | 20,919 | $1.8M | Reduce -5.4% |
| QUAL iShares MSCI USA Quality Fac | 0.89% | 8,183 | $1.6M | Reduce -19.7% |
| AVSD Avantis Reps Intern Equi ETF | 0.89% | 21,832 | $1.6M | Reduce -18.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.70% | 1,857 | $1.3M | Reduce -3.3% |
| AVDV Avantis Intl S/C Value ETF | 0.67% | 12,970 | $1.2M | Add +29.7% |
| PXH Inves Rafi Emer MRKT-Usd Inc. | 0.65% | 45,593 | $1.2M | Add +10.7% |
| VIG Vanguard Dividend Apprec ETF | 0.63% | 5,186 | $1.1M | Add +1.0% |
| AVDE Avantis International Equity | 0.62% | 13,742 | $1.1M | Add +2.2% |
| MINO PIMCO Municipal Income Oppor | 0.58% | 23,443 | $1.1M | Add +73.1% |
| MOAT Vaneck Morningstar Wide Moat | 0.58% | 10,216 | $1.1M | Reduce -3.7% |
| CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E | 0.58% | 34,314 | $1.0M | New |
| AMZN Amazon.com Inc. | 0.56% | 4,385 | $1.0M | Reduce -9.3% |
| AVUS Avantis U.S. Equity ETF | 0.54% | 8,803 | $984K | Add +0.2% |
| BPRE Bluerock Private Real Estate | 0.49% | 59,093 | $886K | New |
| QGRW Wisdomtree US Quality Growth | 0.48% | 14,730 | $864K | New |
| DFUS Dimensional US Eq MKT ETF | 0.47% | 11,500 | $853K | No change |
| CIBR First Trust Nasdaq Cybersecu | 0.46% | 11,825 | $845K | Add +121.8% |
| PWRD TCW Transform Systems ETF | 0.44% | 8,306 | $799K | Add +24.6% |
| DFSI Dimensional Int Sus COR1 ETF | 0.42% | 17,943 | $769K | New |
| AVSE Avantis Resp Emerg MKTS Eq-E | 0.40% | 11,129 | $723K | Add +46.2% |
| COST Costco Wholesale Corp. | 0.38% | 799 | $689K | Reduce -8.6% |
| AAPL Apple Inc. | 0.37% | 2,461 | $669K | Reduce -3.0% |
| HYEM Vaneck Emrg MKTS Hi YLD | 0.36% | 32,663 | $650K | Add +7.4% |
| EDIV State Street SPDR S&P Emergi | 0.36% | 16,557 | $648K | Reduce -10.9% |
| SMH Vaneck Semiconductor ETF | 0.35% | 1,774 | $639K | Add +67.8% |
| BWZ State Street SPDR Bloomberg | 0.35% | 23,252 | $637K | Reduce -42.4% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.33% | 12,530 | $603K | Reduce -5.4% |
| FVD First Trust Value Line DVD | 0.32% | 12,749 | $587K | Reduce -2.8% |
| COWG Pacer US LRG Cap Cows GR LD | 0.31% | 16,070 | $566K | Reduce -66.6% |
| FGDL Franklin Resp Sourced Gold | 0.31% | 9,696 | $558K | Add +3.1% |
| AVSU Avantis Resp US Equity ETF | 0.29% | 6,979 | $532K | Reduce -84.8% |
| CGMM Cap Group Small and Mid Cap | 0.29% | 18,419 | $531K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.28% | 1,046 | $511K | Add +2.4% |
| NVDA Nvidia Corp. | 0.27% | 2,589 | $483K | Add +0.1% |
| BKGI BNY Mellon GLBL Infra Inc. | 0.27% | 11,944 | $482K | Add +18.3% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.26% | 4,911 | $480K | Reduce -65.9% |
| FWD AB Disruptors ETF filed as AB ACTIVE ETFS INC | 0.26% | 4,589 | $479K | New |
| FBND Fidelity Total Bond ETF | 0.25% | 9,810 | $452K | Add +35.9% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.24% | 7,785 | $437K | No change |
| NULV Nuveen ESG Large-Cap Val ETF | 0.24% | 9,515 | $429K | Reduce -65.8% |
| BKDV BNY Mellon Dynamic Value | 0.23% | 14,572 | $423K | Add +13.2% |
| ROK Rockwell Automation Inc. | 0.23% | 1,081 | $421K | New |
| CGGR Cap Group Growth Equity | 0.22% | 8,936 | $397K | New |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.22% | 4,794 | $396K | Add +25.3% |
| IJR iShares Core S&P Small-Cap E | 0.21% | 3,171 | $381K | Reduce -1.8% |
| IPKW Invesco International Buybac | 0.21% | 6,755 | $375K | Add +2.6% |
| QGRO American Century US Quality | 0.19% | 3,074 | $352K | Add +2.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 1,363 | $352K | Add +0.4% |
| XOM Exxon Mobil Corp. | 0.19% | 2,900 | $349K | Reduce -0.7% |
| VRIG Invesco Variable Rate Invest | 0.19% | 13,827 | $347K | Reduce -50.6% |
| VTIP Vanguard Short-Term Tips | 0.19% | 6,940 | $343K | Reduce -16.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.19% | 3,633 | $342K | Reduce -4.1% |
| ESGU iShares ESG Aware MSCI USA | 0.19% | 2,290 | $341K | No change |
| WTV Wisdomtree U.S. Value Fund | 0.18% | 3,451 | $322K | Add +3.8% |
| SHLD Global X Defense Tech ETF | 0.17% | 4,639 | $301K | Reduce -25.9% |
| CGMS Cap Group US Multi-Sect Bond | 0.16% | 10,705 | $296K | Add +23.7% |
| ITOT iShares Core S&P Total U.S. | 0.16% | 1,951 | $290K | Reduce -46.2% |
| IJH iShares Core S&P Midcap ETF | 0.16% | 4,391 | $290K | Reduce -3.7% |
| IWY iShares Russell Top 200 Grow | 0.16% | 1,024 | $284K | Add +6.8% |
| FLQM Franklin U.S. Mid Cap Multif | 0.14% | 4,470 | $251K | Reduce -76.5% |
| DFSU Dimensional US Sus CORE1 ETF | 0.13% | 5,603 | $243K | Reduce -2.0% |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.13% | 7,104 | $231K | Reduce -0.1% |
| XLV SS Health Care Select Sector | 0.13% | 1,469 | $227K | New |
| HYGH iShares Int Rate Hedg HY ETF | 0.12% | 2,553 | $220K | New |
| OEF iShares S&P 100 ETF | 0.12% | 637 | $218K | Add +2.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.11% | 1,083 | $207K | Reduce -4.2% |
| GSST Goldman Sachs Ultra Short Bo | 0.11% | 4,072 | $206K | Reduce -0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.11% | 401 | $202K | Reduce -2.7% |
Portfolio Sells Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Reduce -9.2% | 12.31% | −1.70 |
| AVSU Avantis Resp US Equity ETF | Reduce -84.8% | 0.29% | −1.67 |
| CWS Advisorshares Equity Focused | Reduce -48.6% | 1.13% | −1.19 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -17.6% | 4.66% | −1.18 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -33.6% | 2.10% | −1.17 |
| COWG Pacer US LRG Cap Cows GR LD | Reduce -66.6% | 0.31% | −0.71 |
| ESGV Vanguard ESG US Stock ETF | Reduce -19.5% | 2.02% | −0.58 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Reduce -65.9% | 0.26% | −0.57 |
| FLQM Franklin U.S. Mid Cap Multif | Reduce -76.5% | 0.14% | −0.49 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -65.8% | 0.24% | −0.47 |
| BWZ State Street SPDR Bloomberg | Reduce -42.4% | 0.35% | −0.30 |
| EMNT PIMCO Enhcd St M-Active ESG | Sold out | 0.00% | −0.27 |
| QUAL iShares MSCI USA Quality Fac | Reduce -19.7% | 0.89% | −0.26 |
| INFL Horizon Kinetics Infl Benef | Sold out | 0.00% | −0.25 |
| AVSD Avantis Reps Intern Equi ETF | Reduce -18.4% | 0.89% | −0.22 |
| VRIG Invesco Variable Rate Invest | Reduce -50.6% | 0.19% | −0.22 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.21 |
| MSFT Microsoft Corp. | Reduce -3.3% | 1.08% | −0.18 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -2.9% | 1.64% | −0.16 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.15 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.15 |
| ITOT iShares Core S&P Total U.S. | Reduce -46.2% | 0.16% | −0.15 |
| USTB Victoryshares Short-Term Bon | Reduce -5.6% | 1.15% | −0.14 |
| IHDG Wisdomtree International Hed | Sold out | 0.00% | −0.13 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.12 |
| USRT iShares Core US REIT ETF | Sold out | 0.00% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -8.6% | 0.38% | −0.09 |
| SHLD Global X Defense Tech ETF | Reduce -25.9% | 0.17% | −0.09 |
| NZF Nuveen Municipal Credit Inc. | Sold out | 0.00% | −0.08 |
| EDIV State Street SPDR S&P Emergi | Reduce -10.9% | 0.36% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -9.3% | 0.56% | −0.06 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -4.0% | 1.15% | −0.06 |
| VTIP Vanguard Short-Term Tips | Reduce -16.9% | 0.19% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.3% | 0.70% | −0.05 |
| FVD First Trust Value Line DVD | Reduce -2.8% | 0.32% | −0.03 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -3.7% | 0.58% | −0.03 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -5.4% | 0.33% | −0.03 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -4.1% | 0.19% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.7% | 0.16% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.8% | 0.21% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.7% | 0.11% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -4.2% | 0.11% | −0.01 |
| AAPL Apple Inc. | Reduce -3.0% | 0.37% | −0.01 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -2.0% | 0.13% | −0.01 |
| GSST Goldman Sachs Ultra Short Bo | Reduce -0.2% | 0.11% | −0.01 |
| HFXI Nylim Ftse Intr Eq CN ETF-Ui | Reduce -0.1% | 0.13% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -0.7% | 0.19% | +0.00 |
| GDX Vaneck Gold Miners ETF | Reduce -5.4% | 0.99% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| QQQM Invesco Nasdaq 100 ETF | Add +371.7% | 2.51% | +1.96 |
| SPMO Invesco S&P 500 Momentum ETF | Add +69.8% | 3.88% | +1.43 |
| PVAL Putnam Focused LRG Cap Value | Add +38.7% | 5.00% | +1.43 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +64.7% | 3.78% | +1.41 |
| PYLD PIMCO Multisector Bond Actv | Add +202.4% | 1.46% | +0.95 |
| FSMD Fidelity Small-Mid Multifact | Add +212.4% | 1.05% | +0.69 |
| DFIV Dimensional International Va | Add +12.9% | 4.33% | +0.58 |
| CGCV Cap Group Conservative Eq | New | 0.58% | +0.58 |
| BPRE Bluerock Private Real Estate | New | 0.49% | +0.49 |
| QGRW Wisdomtree US Quality Growth | New | 0.48% | +0.48 |
| EVTR Eaton Vance Total Return | Add +26.6% | 2.67% | +0.44 |
| DFSI Dimensional Int Sus COR1 ETF | New | 0.42% | +0.42 |
| IDMO Invesco S&P International DE | Add +15.7% | 3.67% | +0.41 |
| CGMM Cap Group Small and Mid Cap | New | 0.29% | +0.29 |
| FRDM Freedom 100 Emeging MRKT ETF | Add +5.2% | 2.20% | +0.29 |
| FWD AB Disruptors ETF | New | 0.26% | +0.26 |
| ROK Rockwell Automation Inc. | New | 0.23% | +0.23 |
| CIBR First Trust Nasdaq Cybersecu | Add +121.8% | 0.46% | +0.23 |
| MINO PIMCO Municipal Income Oppor | Add +73.1% | 0.58% | +0.23 |
| CGGR Cap Group Growth Equity | New | 0.22% | +0.22 |
| AVDV Avantis Intl S/C Value ETF | Add +29.7% | 0.67% | +0.15 |
| SMH Vaneck Semiconductor ETF | Add +67.8% | 0.35% | +0.15 |
| IAU iShares Gold Trust | Add +1.0% | 2.48% | +0.15 |
| XLV SS Health Care Select Sector | New | 0.13% | +0.13 |
| HYGH iShares Int Rate Hedg HY ETF | New | 0.12% | +0.12 |
| AVSE Avantis Resp Emerg MKTS Eq-E | Add +46.2% | 0.40% | +0.12 |
| VFLO Victoryshares Free Cash Flow | Add +6.7% | 1.11% | +0.06 |
| PWRD TCW Transform Systems ETF | Add +24.6% | 0.44% | +0.06 |
| FBND Fidelity Total Bond ETF | Add +35.9% | 0.25% | +0.05 |
| PXH Inves Rafi Emer MRKT-Usd Inc. | Add +10.7% | 0.65% | +0.04 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +25.3% | 0.22% | +0.04 |
| BKGI BNY Mellon GLBL Infra Inc. | Add +18.3% | 0.27% | +0.04 |
| IYF iShares US Financials ETF | Add +6.9% | 1.16% | +0.03 |
| FGDL Franklin Resp Sourced Gold | Add +3.1% | 0.31% | +0.02 |
| BKDV BNY Mellon Dynamic Value | Add +13.2% | 0.23% | +0.02 |
| CGMS Cap Group US Multi-Sect Bond | Add +23.7% | 0.16% | +0.02 |
| AVDE Avantis International Equity | Add +2.2% | 0.62% | +0.01 |
| IPKW Invesco International Buybac | Add +2.6% | 0.21% | +0.00 |
| IWY iShares Russell Top 200 Grow | Add +6.8% | 0.16% | +0.00 |
| HYEM Vaneck Emrg MKTS Hi YLD | Add +7.4% | 0.36% | +0.00 |
| WTV Wisdomtree U.S. Value Fund | Add +3.8% | 0.18% | +0.00 |
| OEF iShares S&P 100 ETF | Add +2.9% | 0.12% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.4% | 0.28% | −0.00 |
| QGRO American Century US Quality | Add +2.9% | 0.19% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.4% | 0.19% | −0.01 |
| AVUS Avantis U.S. Equity ETF | Add +0.2% | 0.54% | −0.01 |
| NVDA Nvidia Corp. | Add +0.1% | 0.27% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +1.0% | 0.63% | −0.02 |
| IWF iShares Russell 1000 Growth | Add +1.7% | 1.31% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.9% | 3.10% | −0.08 |
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 |