Traphagen Investment Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Traphagen Investment Advisors LLC reported 196 stock positions worth $1.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 26.7% of the portfolio, followed by Avantis U.S. Equity ETF (AVUS, 11.5%) and Victoryshares Free Cash Flow (VFLO, 7.8%). Compared with Q3 2025, it opened 13 new positions, sold out of 9, added to 114 and reduced 57. The biggest buy was a new position in Bluerock Private Real Estate (BPRE) and the biggest sale Pacer US LRG Cap Cows GR LD (COWG, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- ORADELL, NJ
- CIK
- 0002023380
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0002023380-26-000001 ↗ filed Jan 27, 2026
Holdings Value
Holdings 196 stocks · $1.2B
| IVV iShares Core S&P 500 ETF | 26.66% | 472,993 | $324.0M | Add +2.2% |
| AVUS Avantis U.S. Equity ETF | 11.53% | 1,253,450 | $140.1M | Add +1.6% |
| VFLO Victoryshares Free Cash Flow | 7.75% | 2,392,021 | $94.2M | Add +3.6% |
| COWG Pacer US LRG Cap Cows GR LD | 5.37% | 1,853,892 | $65.3M | Reduce -3.9% |
| GRID First TRST Nasd Class Edg Sgiif | 4.49% | 356,517 | $54.6M | Add +1.7% |
| JSI JH Securitized Income ETF | 3.79% | 884,218 | $46.0M | Add +7.9% |
| JAAA Janus Henderson Aaa Clo ETF | 3.12% | 749,564 | $37.9M | Add +4.2% |
| AAPL Apple Inc. | 3.10% | 138,524 | $37.7M | Add +1.5% |
| SGOV iShares 0-3 Month Treasury B | 2.19% | 264,628 | $26.6M | Add +3.8% |
| VGIT Vanguard Intermediate-Term T | 2.19% | 443,082 | $26.6M | Add +1.3% |
| TPYP Tortoise North American Pipe | 2.14% | 737,773 | $26.0M | Add +4.7% |
| GPZ Vaneck Alt Asset Manager ETF | 1.99% | 891,760 | $24.2M | Add +6.5% |
| BPRE Bluerock Private Real Estate | 1.42% | 1,147,161 | $17.2M | New |
| VOO Vanguard S&P 500 ETF | 1.24% | 24,014 | $15.1M | Reduce -2.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.22% | 44,327 | $14.9M | Reduce -2.3% |
| SHY iShares 1-3 Year Treasury Bo | 1.12% | 163,997 | $13.6M | Add +1.8% |
| CME Cme Group Inc. | 1.09% | 48,536 | $13.3M | Add +0.0% |
| BITB Bitwise Bitcoin ETF | 1.00% | 255,890 | $12.2M | Add +3.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.87% | 14 | $10.6M | No change |
| ICE Intercontinental Exchange Inc. | 0.75% | 56,203 | $9.1M | Add +0.0% |
| GS Goldman Sachs Group Inc. | 0.73% | 10,136 | $8.9M | Add +0.4% |
| MSFT Microsoft Corp. | 0.61% | 15,400 | $7.4M | Add +0.3% |
| NVDA Nvidia Corp. | 0.60% | 39,218 | $7.3M | Add +13.6% |
| GBTC Grayscale Bitcoin Trust ETF | 0.48% | 85,252 | $5.8M | Reduce -3.5% |
| MUB iShares National Muni Bond E | 0.46% | 52,071 | $5.6M | Add +8.7% |
| PZA Invesco National Amt-Free Mu | 0.41% | 216,475 | $5.0M | Reduce -4.2% |
| PEG Public Service Enterprise GP | 0.38% | 57,918 | $4.7M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 0.36% | 19,162 | $4.4M | Add +4.5% |
| GOOG Alphabet Inc. Class C | 0.36% | 14,025 | $4.4M | Add +0.7% |
| IGM iShares Expanded Tech Sector | 0.36% | 33,544 | $4.3M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 8,588 | $4.3M | Reduce -1.3% |
| JPM JPMorgan Chase & Co. | 0.35% | 13,308 | $4.3M | Add +1.9% |
| HD Home Depot Inc. | 0.34% | 11,847 | $4.1M | Add +0.3% |
| FUTY Fidelity MSCI US Utilities | 0.31% | 68,464 | $3.8M | Add +13.7% |
| GOOGL Alphabet Inc. Class A | 0.31% | 12,016 | $3.8M | Add +9.1% |
| COWZ Pacer US Cash Cows 100 ETF | 0.29% | 58,028 | $3.5M | Reduce -10.6% |
| SCHX Schwab US Large-Cap ETF | 0.25% | 111,561 | $3.0M | Reduce -13.1% |
| GFLW VS Free Cash Flow Growth ETF filed as VICTORY PORTFOLIOS II | 0.24% | 103,459 | $2.9M | Add +539.9% |
| IBIT iShares Bitcoin Trust ETF | 0.24% | 58,608 | $2.9M | Add +10.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 3,894 | $2.7M | Add +16.5% |
| STXF Strive 500 ETF | 0.20% | 54,633 | $2.4M | Reduce -3.9% |
| IEI iShares 3-7 Year Treasury Bo | 0.20% | 20,066 | $2.4M | Reduce -5.5% |
| SCHB Schwab US Broad Market ETF | 0.19% | 85,953 | $2.3M | Reduce -0.6% |
| V Visa Inc. Class A | 0.18% | 6,397 | $2.2M | Add +3.3% |
| META Meta Platforms Inc. Class A | 0.18% | 3,385 | $2.2M | Add +3.2% |
| ABBV Abbvie Inc. | 0.18% | 9,651 | $2.2M | Add +0.2% |
| VXF Vanguard Extended Market ETF | 0.17% | 9,904 | $2.1M | Add +1.7% |
| JNJ Johnson & Johnson | 0.17% | 9,967 | $2.1M | Reduce -0.4% |
| VZ Verizon Communications Inc. | 0.17% | 50,283 | $2.0M | Reduce -1.7% |
| CSCO Cisco Systems Inc. | 0.16% | 24,644 | $1.9M | Reduce -0.5% |
| CVX Chevron Corp. | 0.16% | 12,425 | $1.9M | Add +0.6% |
| XOM Exxon Mobil Corp. | 0.16% | 15,695 | $1.9M | Add +1.9% |
| CAT Caterpillar Inc. | 0.15% | 3,237 | $1.9M | Reduce -0.3% |
| GE General Electric filed as GE AEROSPACE | 0.14% | 5,578 | $1.7M | Add +2.4% |
| TSLA Tesla Inc. | 0.14% | 3,793 | $1.7M | Add +17.8% |
| SCHD Schwab US DVD Equity ETF | 0.14% | 61,698 | $1.7M | Add +55.9% |
| VIG Vanguard Dividend Apprec ETF | 0.14% | 7,638 | $1.7M | Add +4.5% |
| WMT Walmart Inc. | 0.14% | 14,868 | $1.7M | Add +1.2% |
| FTEC Fidelity MSCI Info Tech Indx | 0.14% | 7,310 | $1.6M | Add +1.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 2,626 | $1.6M | Add +47.6% |
| ORCL Oracle Corp. | 0.13% | 8,151 | $1.6M | Add +1.4% |
| COST Costco Wholesale Corp. | 0.13% | 1,834 | $1.6M | Add +1.4% |
| AVUV Avantis US Small Cap Value | 0.12% | 14,792 | $1.5M | Reduce -2.0% |
| BTC Grayscale Bitcoin Mini ETF | 0.11% | 35,477 | $1.4M | Add +13.4% |
| LLY Eli Lilly & Co. | 0.11% | 1,223 | $1.3M | Reduce -0.6% |
| T AT&T Inc. | 0.10% | 51,021 | $1.3M | Reduce -0.7% |
| GINN Goldman Sachs Innovate Eqty | 0.10% | 16,595 | $1.2M | Reduce -1.7% |
| ED Consolidated Edison Inc. | 0.09% | 11,383 | $1.1M | Add +0.1% |
| MSTR Strategy Inc. | 0.09% | 7,357 | $1.1M | Add +2.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 3,749 | $1.1M | Reduce -4.3% |
| MDLZ Mondelez International Inc. Class A | 0.09% | 20,573 | $1.1M | Reduce -6.1% |
| IJH iShares Core S&P Midcap ETF | 0.09% | 16,561 | $1.1M | Add +2.2% |
| MA Mastercard Inc. Class A | 0.09% | 1,907 | $1.1M | Add +1.8% |
| TLTW iShares 20+ Bond Buywrite | 0.09% | 47,519 | $1.1M | Add +1.9% |
| LMT Lockheed Martin Corp. | 0.09% | 2,188 | $1.1M | Add +1.3% |
| SUSA iShares ESG Optimized MSCI U | 0.09% | 7,539 | $1.1M | Add +0.2% |
| ADP Automatic Data Processing | 0.08% | 3,868 | $995K | Reduce -2.1% |
| GSLC Goldman Activebeta US LC ETF | 0.08% | 7,404 | $980K | Reduce -0.5% |
| GEV GE Vernova Inc. | 0.08% | 1,475 | $964K | Add +4.0% |
| KO The Coca-Cola Co. | 0.08% | 13,690 | $957K | Reduce -1.5% |
| ESGU iShares ESG Aware MSCI USA | 0.08% | 6,178 | $920K | Reduce -0.1% |
| PM Philip Morris International | 0.07% | 5,640 | $905K | Add +0.2% |
| IWF iShares Russell 1000 Growth | 0.07% | 1,908 | $903K | No change |
| VXUS Vanguard Total Intl Stock | 0.07% | 11,615 | $876K | Add +13.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.07% | 2,773 | $873K | Add +0.0% |
| AXP American Express Co. | 0.07% | 2,266 | $838K | Add +2.4% |
| BDX Becton Dickinson and Co. | 0.07% | 4,274 | $829K | Reduce -24.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.07% | 2,786 | $808K | Reduce -9.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.07% | 7,023 | $799K | Reduce -0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.06% | 8,609 | $787K | Add +36.0% |
| PLTR Palantir Technologies Inc. Class A | 0.06% | 4,299 | $764K | Add +11.2% |
| FELG Fidelity Enh LRG Cap GWTH | 0.06% | 18,219 | $760K | Add +0.1% |
| MRK Merck & Co. Inc. | 0.06% | 7,156 | $753K | Reduce -10.2% |
| FHLC Fidelity MSCI Health Care | 0.06% | 10,079 | $749K | Add +84.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.06% | 4,863 | $747K | Reduce -1.7% |
| REGN Regeneron Pharmaceuticals | 0.06% | 964 | $744K | Add +5.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.06% | 7,837 | $738K | Add +13.6% |
| PEP Pepsico Inc. | 0.06% | 5,107 | $733K | Reduce -0.3% |
| ITOT iShares Core S&P Total U.S. | 0.06% | 4,865 | $723K | Add +0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 13,125 | $722K | Reduce -1.9% |
Portfolio Sells Q3 2025 → Q4 2025
| COWG Pacer US LRG Cap Cows GR LD | Reduce -3.9% | 5.37% | −0.66 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -3.5% | 0.48% | −0.20 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -2.8% | 1.24% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.3% | 1.22% | −0.06 |
| SCHX Schwab US Large-Cap ETF | Reduce -13.1% | 0.25% | −0.04 |
| PEG Public Service Enterprise GP | Reduce -1.4% | 0.38% | −0.04 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.04 |
| PZA Invesco National Amt-Free Mu | Reduce -4.2% | 0.41% | −0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -10.6% | 0.29% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -6.1% | 0.09% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -1.7% | 0.17% | −0.03 |
| BDX Becton Dickinson and Co. | Reduce -24.5% | 0.07% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.3% | 0.36% | −0.02 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -5.5% | 0.20% | −0.02 |
| T AT&T Inc. | Reduce -0.7% | 0.10% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -21.7% | 0.05% | −0.02 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.02 |
| ADP Automatic Data Processing | Reduce -2.1% | 0.08% | −0.02 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.02 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.02 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.02 |
| ESML iShares ESG Aware MSCI USA S | Sold out | 0.00% | −0.02 |
| DUK Duke Energy Corp. | Reduce -21.4% | 0.04% | −0.01 |
| STXF Strive 500 ETF | Reduce -3.9% | 0.20% | −0.01 |
| MCD McDonald's Corp. | Reduce -28.7% | 0.02% | −0.01 |
| XBKNX BlackRock Invest QLTY Muni | Reduce -49.7% | 0.01% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -9.3% | 0.07% | −0.01 |
| PFE Pfizer Inc. | Reduce -11.5% | 0.05% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -1.8% | 0.05% | −0.01 |
| IGM iShares Expanded Tech Sector | Reduce -0.3% | 0.36% | −0.01 |
| GINN Goldman Sachs Innovate Eqty | Reduce -1.7% | 0.10% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -4.3% | 0.04% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -11.6% | 0.03% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -0.6% | 0.19% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.2% | 0.04% | −0.01 |
| AVUV Avantis US Small Cap Value | Reduce -2.0% | 0.12% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -1.5% | 0.05% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -0.1% | 0.05% | −0.00 |
| C Citigroup Inc. | Reduce -21.1% | 0.03% | −0.00 |
| CMCSA Comcast Corp. Class A | Reduce -5.0% | 0.03% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -4.3% | 0.09% | −0.00 |
| BR Broadridge Financial Solutio | Reduce -2.6% | 0.03% | −0.00 |
| DIS The Walt Disney Co. | Reduce -0.2% | 0.07% | −0.00 |
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -7.0% | 0.03% | −0.00 |
| SYK Stryker Corp. | Reduce -3.1% | 0.02% | −0.00 |
| GSLC Goldman Activebeta US LC ETF | Reduce -0.5% | 0.08% | −0.00 |
| PHO Invesco Water Resources ETF | Reduce -3.0% | 0.02% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| BPRE Bluerock Private Real Estate | New | 1.42% | +1.42 |
| VFLO Victoryshares Free Cash Flow | Add +3.6% | 7.75% | +0.30 |
| GFLW VS Free Cash Flow Growth ETF | Add +539.9% | 0.24% | +0.20 |
| AAPL Apple Inc. | Add +1.5% | 3.10% | +0.11 |
| JSI JH Securitized Income ETF | Add +7.9% | 3.79% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +9.1% | 0.31% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +0.7% | 0.36% | +0.07 |
| WTW Willis Towers Watson PLC | New | 0.05% | +0.05 |
| NVDA Nvidia Corp. | Add +13.6% | 0.60% | +0.05 |
| SCHD Schwab US DVD Equity ETF | Add +55.9% | 0.14% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +0.4% | 0.73% | +0.04 |
| TKO Tko Group Holdings Inc. | New | 0.04% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +47.6% | 0.13% | +0.04 |
| ALAI Alger AI Enable & Adopt ETF | New | 0.04% | +0.04 |
| FHLC Fidelity MSCI Health Care | Add +84.3% | 0.06% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.5% | 0.22% | +0.03 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.02% | +0.02 |
| MUB iShares National Muni Bond E | Add +8.7% | 0.46% | +0.02 |
| AVGO Broadcom Inc. | New | 0.02% | +0.02 |
| DGRO iShares Core Dividend Growth | New | 0.02% | +0.02 |
| TGT Target Corp. | New | 0.02% | +0.02 |
| FUTY Fidelity MSCI US Utilities | Add +13.7% | 0.31% | +0.02 |
| GDLC Grayscale Coindesk 5 ETF | New | 0.02% | +0.02 |
| SMH Vaneck Semiconductor ETF | New | 0.02% | +0.02 |
| AMZN Amazon.com Inc. | Add +4.5% | 0.36% | +0.02 |
| REGN Regeneron Pharmaceuticals | Add +5.8% | 0.06% | +0.02 |
| TSLA Tesla Inc. | Add +17.8% | 0.14% | +0.02 |
| NBIS Nebius Group NV | New | 0.02% | +0.02 |
| EFA iShares MSCI Eafe ETF | New | 0.02% | +0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +36.0% | 0.06% | +0.01 |
| MU Micron Technology Inc. | Add +0.8% | 0.04% | +0.01 |
| AMD Advanced Micro Devices | Add +10.7% | 0.03% | +0.01 |
| IEF iShares 7-10 Year Treasury B | Add +28.4% | 0.04% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +13.7% | 0.07% | +0.01 |
| XOM Exxon Mobil Corp. | Add +1.9% | 0.16% | +0.01 |
| WMT Walmart Inc. | Add +1.2% | 0.14% | +0.01 |
| WFC Wells Fargo & Co. | Add +6.2% | 0.05% | +0.01 |
| AXP American Express Co. | Add +2.4% | 0.07% | +0.01 |
| KLAC KLA Corp. | Add +5.5% | 0.05% | +0.01 |
| LRCX Lam Research Corp. | Add +2.4% | 0.03% | +0.01 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Add +16.3% | 0.04% | +0.00 |
| GEV GE Vernova Inc. | Add +4.0% | 0.08% | +0.00 |
| USMV iShares MSCI USA Min Vol Fac | Add +13.6% | 0.06% | +0.00 |
| AMGN Amgen Inc. | Add +0.7% | 0.04% | +0.00 |
| RTX RTX Corp. | Add +2.8% | 0.05% | +0.00 |
| CMI Cummins Inc. | Add +0.4% | 0.02% | +0.00 |
| KMI Kinder Morgan Inc. | Add +22.6% | 0.02% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Add +12.2% | 0.03% | +0.00 |
| OUNZ Vaneck Merk Gold ETF | Add +6.2% | 0.02% | +0.00 |
| V Visa Inc. Class A | Add +3.3% | 0.18% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 219 | $1.4B | IVV, AVUS, VFLO, GFLW, JSI |
| Q1 2026 | 207 | $1.2B | IVV, AVUS, VFLO, JSI, GRID |
| Q4 2025 | 196 | $1.2B | IVV, AVUS, VFLO, COWG, GRID |
| Q3 2025 | 192 | $1.2B | IVV, AVUS, VFLO, COWG, GRID |
| Q2 2025 | 188 | $1.1B | IVV, AVUS, VFLO, COWG, GRID |
| Q1 2025 | 183 | $958.0M | IVV, AVUS, VFLO, TLTW, COWG |
| Q4 2024 | 180 | $983.0M | IVV, AVUS, VFLO, COWZ, AVUV |
| Q3 2024 | 176 | $991.2M | IVV, AVUS, TLTW, COWZ, VFLO |
| Q2 2024 | 174 | $921.2M | IVV, AVUS, TLTW, COWZ, VFLO |
| Q1 2024 | 175 | $937.6M | IVV, AVUS, TLTW, COWZ, VFLO |