Trek Financial, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Trek Financial, LLC reported 446 stock positions worth $1.7 billion. Its top holding was SS Technology Select Sector (XLK) at 5.6% of the portfolio, followed by iShares Core MSCI Emerging (IEMG, 2.5%) and SS Financial Select Sector (XLF, 2.3%). Compared with Q3 2025, it opened 85 new positions, sold out of 73, added to 170 and reduced 151. The biggest buy was a new position in iShares MSCI Emerging Market (EEM) and the biggest sale Ipath Series B S&P 500 Vix (VXX, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001768195
- Portfolio Value
- $1.7B (Q4 2025)
- SEC Filing
- 0001104659-26-010107 ↗ filed Feb 4, 2026
Holdings Value
Holdings 446 stocks · $1.7B
| XLK SS Technology Select Sector | 5.60% | 671,145 | $96.6M | Add +16.1% |
| IEMG iShares Core MSCI Emerging | 2.48% | 636,564 | $42.8M | Reduce -11.2% |
| XLF SS Financial Select Sector | 2.31% | 728,775 | $39.9M | Reduce -15.6% |
| VOO Vanguard S&P 500 ETF | 2.05% | 56,469 | $35.4M | Reduce -11.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.82% | 64,262 | $31.4M | Reduce -14.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.73% | 640,051 | $29.8M | Add +2.0% |
| GOOG Alphabet Inc. Class C | 1.64% | 89,956 | $28.2M | Reduce -37.0% |
| XLV SS Health Care Select Sector | 1.63% | 181,170 | $28.0M | Reduce -6.9% |
| SGOV iShares 0-3 Month Treasury B | 1.54% | 264,686 | $26.6M | Add +18.5% |
| AAPL Apple Inc. | 1.50% | 95,083 | $25.8M | Add +5.2% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.50% | 424,443 | $25.8M | Add +5.3% |
| IVE iShares S&P 500 Value ETF | 1.48% | 120,030 | $25.5M | Add +48.3% |
| XLC SS Comm Select Sector SPDR | 1.39% | 203,547 | $24.0M | Reduce -2.9% |
| IUSV iShares Core S&P U.S. Value | 1.37% | 230,602 | $23.6M | Add +299.4% |
| IVW iShares S&P 500 Growth ETF | 1.32% | 184,669 | $22.8M | Add +4.7% |
| EEM iShares MSCI Emerging Market | 1.20% | 379,465 | $20.8M | New |
| IVV iShares Core S&P 500 ETF | 1.20% | 30,138 | $20.6M | Add +23.1% |
| MSFT Microsoft Corp. | 1.19% | 42,567 | $20.6M | Add +11.5% |
| XLY SS Consumer Disc Select Sect | 1.16% | 167,937 | $20.1M | Reduce -42.7% |
| MU Micron Technology Inc. | 1.15% | 69,681 | $19.9M | Add +5092.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.10% | 211,407 | $18.9M | Reduce -29.6% |
| OEF iShares S&P 100 ETF | 1.04% | 52,386 | $18.0M | Add +5.1% |
| XLP SS Consumer Staples Sel Sect | 1.03% | 228,583 | $17.8M | Reduce -6.3% |
| EFV iShares MSCI Eafe Value ETF | 1.00% | 242,558 | $17.3M | Reduce -5.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.96% | 26,896 | $16.5M | Add +98.5% |
| TAN Invesco Solar ETF | 0.91% | 320,763 | $15.8M | Reduce -13.5% |
| XLI SS Industrial Select Sector | 0.84% | 93,561 | $14.5M | Reduce -5.4% |
| NVDA Nvidia Corp. | 0.80% | 74,313 | $13.9M | Reduce -24.7% |
| IAU iShares Gold Trust | 0.80% | 170,628 | $13.8M | Reduce -0.5% |
| ILF iShares Latin America 40 ETF | 0.80% | 450,999 | $13.7M | New |
| VIG Vanguard Dividend Apprec ETF | 0.79% | 62,389 | $13.7M | Reduce -2.3% |
| IAUX I-80 Gold Corp. | 0.77% | 9,064,306 | $13.2M | Reduce -18.9% |
| TLH iShares 10-20 Year Treasury | 0.76% | 128,985 | $13.1M | Reduce -9.8% |
| MBB iShares MBS ETF | 0.74% | 134,640 | $12.8M | Add +3.4% |
| QUAL iShares MSCI USA Quality Fac | 0.74% | 64,545 | $12.8M | Reduce -35.9% |
| DVYE iShares Emerging Markets Div | 0.72% | 396,053 | $12.3M | Add +13.7% |
| AEM Agnico Eagle Mines Ltd. | 0.71% | 72,372 | $12.3M | Add +265.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.70% | 132,296 | $12.1M | Reduce -6.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.69% | 17,583 | $12.0M | Add +31.4% |
| PFIX Simplify Interest Rate Hedge | 0.69% | 250,083 | $12.0M | New |
| ETHA iShares Ethereum Trust ETF | 0.69% | 529,836 | $11.9M | Add +2197.2% |
| SLV iShares Silver Trust | 0.68% | 182,391 | $11.7M | Reduce -37.0% |
| CENX Century Aluminum Company | 0.64% | 281,376 | $11.0M | New |
| TSLA Tesla Inc. | 0.64% | 24,495 | $11.0M | Reduce -9.9% |
| ROKU Roku Inc. | 0.63% | 99,478 | $10.8M | Add +12.6% |
| CPA Copa Holdings SA Class A | 0.62% | 89,192 | $10.8M | Add +17.1% |
| CQQQ Invesco China Technology ETF | 0.62% | 206,790 | $10.8M | Reduce -35.3% |
| AA Alcoa Corp. | 0.59% | 191,179 | $10.2M | New |
| MTUM iShares MSCI USA Momentum Fa | 0.59% | 40,433 | $10.1M | Add +44.5% |
| SFM Sprouts Farmers Market Inc. | 0.59% | 126,936 | $10.1M | Add +96.0% |
| FLNG Flex LNG Ltd. | 0.57% | 391,676 | $9.8M | Add +10.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.56% | 32,039 | $9.7M | Reduce -42.6% |
| BAI Ishrs AI in and Tech Act ETF | 0.56% | 291,996 | $9.7M | Add +7.1% |
| THRO iShares U.S. Thematic Rotati | 0.55% | 246,698 | $9.5M | Add +6.4% |
| IBIT iShares Bitcoin Trust ETF | 0.55% | 189,965 | $9.4M | Add +8.8% |
| LRCX Lam Research Corp. | 0.50% | 50,412 | $8.6M | Add +78.5% |
| EQT Eqt Corp. | 0.49% | 157,887 | $8.5M | Add +15.4% |
| WBD Warner Bros Discovery Inc. | 0.48% | 288,408 | $8.3M | New |
| ARTY iShares Future AI & Tech ETF | 0.47% | 169,312 | $8.2M | Add +9.4% |
| PLTR Palantir Technologies Inc. Class A | 0.47% | 45,719 | $8.1M | Reduce -4.0% |
| ZFEB Inotr Eq Def PR ETF - 1 YR F | 0.47% | 319,993 | $8.1M | Reduce -1.4% |
| VZLA Vizsla Silver Corp. | 0.46% | 1,443,076 | $7.9M | Add +66.0% |
| BND Vanguard Total Bond Market | 0.45% | 104,331 | $7.7M | Reduce -13.1% |
| IETC iShares U.S. Tech Independen | 0.45% | 75,900 | $7.7M | Add +11.7% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.44% | 144,630 | $7.6M | Add +4.3% |
| XOM Exxon Mobil Corp. | 0.43% | 61,086 | $7.4M | Add +42.7% |
| URNM Sprott Uranium Miners ETF | 0.42% | 131,424 | $7.2M | New |
| COPX Global X Copper Miners ETF | 0.42% | 99,781 | $7.2M | Add +10.4% |
| AMZN Amazon.com Inc. | 0.41% | 30,829 | $7.1M | Reduce -48.0% |
| SCHD Schwab US DVD Equity ETF | 0.41% | 255,443 | $7.0M | Add +11.6% |
| AVGO Broadcom Inc. | 0.40% | 19,702 | $6.8M | Reduce -37.9% |
| DC Dakota Gold Corp. | 0.39% | 1,173,142 | $6.7M | Reduce -4.3% |
| LLY Eli Lilly & Co. | 0.38% | 6,096 | $6.6M | Add +181.1% |
| GOOGL Alphabet Inc. Class A | 0.38% | 20,840 | $6.5M | Reduce -4.0% |
| AEO American Eagle Outfitters | 0.37% | 244,513 | $6.4M | Reduce -35.4% |
| VALE Vale SA-SP ADR | 0.37% | 484,111 | $6.3M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 18,768 | $6.3M | Reduce -0.4% |
| SNAP Snap Inc. Class A | 0.36% | 769,475 | $6.2M | Add +33.1% |
| RIVN Rivian Automotive Inc. Class A | 0.35% | 310,244 | $6.1M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.35% | 143,112 | $6.1M | Reduce -27.1% |
| CAT Caterpillar Inc. | 0.35% | 10,642 | $6.1M | Add +143.5% |
| EMB iShares JP Morgan Usd Emergi | 0.35% | 63,158 | $6.1M | Add +5.7% |
| IYW iShares Ustechnology ETF | 0.35% | 30,404 | $6.1M | Add +863.7% |
| IAGG iShares Intl Aggregate Bond | 0.35% | 120,891 | $6.0M | Add +4.0% |
| INTC Intel Corp. | 0.35% | 163,114 | $6.0M | Add +411.1% |
| UJUN Innovator U.S. Equity Ultra | 0.33% | 153,095 | $5.7M | Reduce -0.9% |
| SCHG Schwab US Large-Cap Growth | 0.32% | 170,715 | $5.6M | Add +12.7% |
| PSI Invesco Semiconductors ETF | 0.32% | 69,203 | $5.5M | New |
| MP MP Materials Corp. | 0.31% | 106,647 | $5.4M | New |
| GLD SPDR Gold Shares | 0.31% | 13,344 | $5.3M | Reduce -58.0% |
| POCT Innovator U.S. Equity Power | 0.29% | 115,188 | $5.1M | Add +16.3% |
| AMD Advanced Micro Devices | 0.29% | 23,499 | $5.0M | Add +476.1% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.29% | 345,906 | $4.9M | Reduce -13.5% |
| BALT Inn Defined Wealth Shield | 0.28% | 141,888 | $4.8M | Add +7.2% |
| SPLV Invesco S&P 500 Low Volatili | 0.27% | 66,162 | $4.7M | Reduce -29.0% |
| XLE SS Energy Select Sector | 0.27% | 105,242 | $4.7M | Reduce -5.2% |
| GM General Motors Co. | 0.27% | 57,403 | $4.7M | Add +137.9% |
| STIP iShares 0-5 Year Tips Bond E | 0.27% | 45,098 | $4.6M | Reduce -26.9% |
| EXK Endeavour Silver Corp. | 0.26% | 480,853 | $4.5M | New |
| SFLR Innovator Eqty MGD Floor ETF | 0.26% | 120,655 | $4.4M | Reduce -7.8% |
Options reported separately and not counted above: SPY calls ($953K), SPY puts ($223K).
Portfolio Sells Q3 2025 → Q4 2025
| VXX Ipath Series B S&P 500 Vix | Reduce -80.8% | 0.22% | −1.23 |
| XLY SS Consumer Disc Select Sect | Reduce -42.7% | 1.16% | −0.93 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.53 |
| USDU Wisdomtree BBG Usd Bullish | Sold out | 0.00% | −0.51 |
| CQQQ Invesco China Technology ETF | Reduce -35.3% | 0.62% | −0.50 |
| NVD Granitesh 2XSHT Nvda ETF-Usd | Sold out | 0.00% | −0.48 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.47 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -29.6% | 1.10% | −0.47 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.46 |
| XLF SS Financial Select Sector | Reduce -15.6% | 2.31% | −0.46 |
| GOOG Alphabet Inc. Class C | Reduce -37.0% | 1.64% | −0.43 |
| HODL Vaneck Bitcoin ETF | Reduce -92.9% | 0.02% | −0.43 |
| QUAL iShares MSCI USA Quality Fac | Reduce -35.9% | 0.74% | −0.42 |
| META Meta Platforms Inc. Class A | Reduce -58.8% | 0.24% | −0.42 |
| APP AppLovin Corp. Class A | Reduce -89.2% | 0.04% | −0.37 |
| GLD SPDR Gold Shares | Reduce -58.0% | 0.31% | −0.37 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -42.6% | 0.56% | −0.36 |
| AMZN Amazon.com Inc. | Reduce -48.0% | 0.41% | −0.36 |
| IEMG iShares Core MSCI Emerging | Reduce -11.2% | 2.48% | −0.33 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -14.6% | 1.82% | −0.33 |
| IYZ iShares US Telecommunication | Sold out | 0.00% | −0.32 |
| ITA iShares U.S. Aerospace & Def | Reduce -57.8% | 0.22% | −0.30 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.30 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.29 |
| NVDA Nvidia Corp. | Reduce -24.7% | 0.80% | −0.29 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.29 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.28 |
| UI Ubiquiti Inc. | Sold out | 0.00% | −0.28 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −0.28 |
| SOC Sable Offshore Corp. | Sold out | 0.00% | −0.28 |
| VOO Vanguard S&P 500 ETF | Reduce -11.2% | 2.05% | −0.27 |
| SO The Southern Co. | Sold out | 0.00% | −0.25 |
| C Citigroup Inc. | Reduce -89.5% | 0.03% | −0.25 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.25 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.24 |
| PM Philip Morris International | Reduce -84.7% | 0.04% | −0.24 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.24 |
| PPLT Abrdn Physical Platinum SHRS | Sold out | 0.00% | −0.23 |
| E Eni SPA-Sponsored ADR | Reduce -94.8% | 0.01% | −0.23 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.23 |
| AVGO Broadcom Inc. | Reduce -37.9% | 0.40% | −0.23 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.23 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.22 |
| BSX Boston Scientific Corp. | Reduce -92.3% | 0.02% | −0.22 |
| ORLA Orla Mining Ltd. | Sold out | 0.00% | −0.21 |
| KRMN Karman Holdings Inc. | Sold out | 0.00% | −0.21 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.21 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.20 |
| EWY iShares MSCI South Korea ETF | Reduce -83.6% | 0.05% | −0.20 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.20 |
Portfolio Buys Q3 2025 → Q4 2025
| EEM iShares MSCI Emerging Market | New | 1.20% | +1.20 |
| MU Micron Technology Inc. | Add +5092.3% | 1.15% | +1.14 |
| IUSV iShares Core S&P U.S. Value | Add +299.4% | 1.37% | +1.03 |
| ILF iShares Latin America 40 ETF | New | 0.80% | +0.80 |
| XLK SS Technology Select Sector | Add +16.1% | 5.60% | +0.75 |
| PFIX Simplify Interest Rate Hedge | New | 0.69% | +0.69 |
| ETHA iShares Ethereum Trust ETF | Add +2197.2% | 0.69% | +0.65 |
| CENX Century Aluminum Company | New | 0.64% | +0.64 |
| AA Alcoa Corp. | New | 0.59% | +0.59 |
| AEM Agnico Eagle Mines Ltd. | Add +265.6% | 0.71% | +0.51 |
| WBD Warner Bros Discovery Inc. | New | 0.48% | +0.48 |
| IVE iShares S&P 500 Value ETF | Add +48.3% | 1.48% | +0.48 |
| QQQ Invesco QQQ Trust Series 1 | Add +98.5% | 0.96% | +0.47 |
| URNM Sprott Uranium Miners ETF | New | 0.42% | +0.42 |
| VALE Vale SA-SP ADR | New | 0.37% | +0.37 |
| RIVN Rivian Automotive Inc. Class A | New | 0.35% | +0.35 |
| PSI Invesco Semiconductors ETF | New | 0.32% | +0.32 |
| IYW iShares Ustechnology ETF | Add +863.7% | 0.35% | +0.32 |
| MP MP Materials Corp. | New | 0.31% | +0.31 |
| INTC Intel Corp. | Add +411.1% | 0.35% | +0.29 |
| LLY Eli Lilly & Co. | Add +181.1% | 0.38% | +0.28 |
| LRCX Lam Research Corp. | Add +78.5% | 0.50% | +0.27 |
| EXK Endeavour Silver Corp. | New | 0.26% | +0.26 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.25% | +0.25 |
| AMD Advanced Micro Devices | Add +476.1% | 0.29% | +0.25 |
| BP BP PLC-Spons ADR | New | 0.24% | +0.24 |
| EVMT Invesco Elect Veh Met Com St | New | 0.23% | +0.23 |
| VGZ Vista Gold Corp. | New | 0.23% | +0.23 |
| VZLA Vizsla Silver Corp. | Add +66.0% | 0.46% | +0.23 |
| WELL Welltower Inc. | New | 0.23% | +0.23 |
| CAT Caterpillar Inc. | Add +143.5% | 0.35% | +0.23 |
| FTAI Ftai Aviation Ltd. | New | 0.23% | +0.23 |
| SOFI Sofi Technologies Inc. | New | 0.22% | +0.22 |
| VST Vistra Corp. | Add +1840.7% | 0.24% | +0.22 |
| IVV iShares Core S&P 500 ETF | Add +23.1% | 1.20% | +0.22 |
| ULTA Ulta Beauty Inc. | New | 0.21% | +0.21 |
| WWD Woodward Inc. | New | 0.21% | +0.21 |
| SGOV iShares 0-3 Month Treasury B | Add +18.5% | 1.54% | +0.20 |
| DY Dycom Industries Inc. | New | 0.19% | +0.19 |
| GLDG Goldmining Inc. | New | 0.18% | +0.18 |
| GM General Motors Co. | Add +137.9% | 0.27% | +0.18 |
| SFM Sprouts Farmers Market Inc. | Add +96.0% | 0.59% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +31.4% | 0.69% | +0.16 |
| AMAT Applied Materials Inc. | Add +327.6% | 0.20% | +0.16 |
| AER Aercap Holdings NV | New | 0.16% | +0.16 |
| MTUM iShares MSCI USA Momentum Fa | Add +44.5% | 0.59% | +0.16 |
| HCC Warrior Met Coal Inc. | New | 0.16% | +0.16 |
| IEF iShares 7-10 Year Treasury B | New | 0.14% | +0.14 |
| CRS Carpenter Technology | New | 0.14% | +0.14 |
| WCC Wesco International Inc. | New | 0.14% | +0.14 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -20.4% | 45,900 | $953K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 7,900 | $223K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 501 | $2.0B | XLK, IVV, IEMG, SGOV, IUSB |
| Q1 2026 | 470 | $1.9B | XLK, SGOV, SJB, VXX, IEMG |
| Q4 2025 | 446 | $1.7B | XLK, IEMG, XLF, VOO, VUG |
| Q3 2025 | 434 | $1.7B | XLK, IEMG, XLF, VOO, VUG |
| Q2 2025 | 415 | $1.5B | XLK, XLF, IEMG, XLY, IUSB |
| Q1 2025 | 381 | $1.4B | SGOV, XLK, IEFA, XLF, IUSB |
| Q4 2024 | 405 | $1.3B | XLK, VOO, VUG, XLF, XLY |
| Q3 2024 | 388 | $1.3B | XLK, FCTE, VOO, IUSB, XLF |
| Q2 2024 | 386 | $1.3B | XLK, VUG, VOO, QQQ, BIL |
| Q1 2024 | 387 | $1.3B | XLK, VOO, VUG, IVV, BIL |