Vision Financial Markets LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Vision Financial Markets LLC reported 431 stock positions worth $106.1 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 8.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 8.1%) and AutoZone (AZO, 6.8%). Compared with Q1 2025, it opened 23 new positions, sold out of 22, added to 117 and reduced 37. The biggest buy was HDFC Bank Ltd.-ADR (HDB, shares +5689900%) and the biggest sale iShares 20+ Year Treasury BD (TLT, shares −46%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001378145
Portfolio Value
$106.1M (Q2 2025)
SEC Filing
0001378145-25-000013 ↗ filed Aug 1, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q4 2024: $92.7M Q4 2024 Q1 2025: $91.9M Q1 2025 Q2 2025: $106.1M $106.1M Q2 2025 Q3 2025: $117.1M Q3 2025 Q4 2025: $98.0M Q4 2025 Q1 2026: $102.5M Q1 2026 Q2 2026: $115.2M Q2 2026

Holdings 431 stocks · $106.1M
QQQ Invesco QQQ Trust Series 1 8.47% 16,277 $9.0M Reduce -0.7%
SPY SS SPDR S&P 500 ETF Trust-US 8.13% 13,950 $8.6M Add +0.2%
AZO AutoZone Inc. 6.78% 1,938 $7.2M Add +0.3%
AAPL Apple Inc. 6.15% 31,812 $6.5M Add +0.3%
TBIL F/M US Treasury 3 Month Bill 5.15% 109,288 $5.5M Add +3.8%
JPM JPMorgan Chase & Co. 4.56% 16,699 $4.8M Add +0.0%
HDB HDFC Bank Ltd.-ADR 4.11% 56,900 $4.4M Add +5689900.0%
AMZN Amazon.com Inc. 4.03% 19,483 $4.3M Add +0.3%
AN Autonation Inc. 2.78% 14,850 $2.9M No change
BRK.B Berkshire Hathaway Inc. Class B 2.73% 5,970 $2.9M Reduce -13.5%
HD Home Depot Inc. 2.27% 6,580 $2.4M Add +1.6%
WSM Williams-Sonoma Inc. 2.13% 13,800 $2.3M No change
BITO Proshares Bitcoin ETF-Usd 1.81% 89,139 $1.9M Add +56.1%
UNH Unitedhealth Group Inc. 1.68% 5,700 $1.8M New
SHAK Shake Shack Inc. Class A 1.42% 10,700 $1.5M Reduce -5.3%
MSFT Microsoft Corp. 1.40% 2,978 $1.5M Reduce -0.1%
TSLA Tesla Inc. 1.39% 4,637 $1.5M No change
BLK BlackRock Inc. 1.39% 1,400 $1.5M No change
WM Waste Management Inc. 1.38% 6,394 $1.5M No change
COST Costco Wholesale Corp. 1.25% 1,340 $1.3M No change
CRWV Coreweave Inc. Class A 1.20% 7,800 $1.3M New
TLT iShares 20+ Year Treasury BD 1.17% 14,100 $1.2M Reduce -46.0%
MCD McDonald's Corp. 0.84% 3,054 $892K Add +0.0%
T AT&T Inc. 0.81% 29,615 $857K Add +0.0%
STWD Starwood Property Trust Inc. 0.79% 41,700 $837K Reduce -6.7%
VZ Verizon Communications Inc. 0.77% 18,791 $813K Reduce -0.3%
MET Metlife Inc. 0.75% 9,935 $799K Add +0.0%
ADBE Adobe Inc. 0.72% 1,979 $766K Add +12268.8%
GOOG Alphabet Inc. Class C 0.72% 4,279 $759K Reduce -0.2%
LMT Lockheed Martin Corp. 0.70% 1,601 $741K Add +0.1%
JNJ Johnson & Johnson 0.69% 4,826 $737K Reduce -1.0%
NVDA Nvidia Corp. 0.68% 4,587 $725K Reduce -9.9%
PM Philip Morris International 0.67% 3,922 $714K Add +283.8%
WMT Walmart Inc. 0.60% 6,514 $637K Add +0.0%
BITX 2X Bitcoin ETF 0.57% 11,100 $600K New
WMB Williams Cos Inc. 0.51% 8,600 $540K No change
AFL Aflac Inc. 0.50% 5,000 $527K No change
AGG iShares Core U.S. Aggregate 0.47% 5,000 $496K No change
BTI British American Tob-SP ADR 0.46% 10,304 $488K Add +2450.5%
ED Consolidated Edison Inc. 0.46% 4,828 $484K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.45% 9,000 $475K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.41% 4,000 $438K No change
BND Vanguard Total Bond Market 0.40% 5,796 $427K No change
V Visa Inc. Class A 0.40% 1,186 $421K Reduce -2.4%
CVX Chevron Corp. 0.38% 2,844 $407K Reduce -0.3%
CVS CVS Health Corp. 0.36% 5,574 $384K Add +0.0%
GS Goldman Sachs Group Inc. 0.34% 517 $366K Add +0.2%
XOM Exxon Mobil Corp. 0.33% 3,275 $353K Add +0.0%
META Meta Platforms Inc. Class A 0.33% 470 $346K Add +0.2%
KO The Coca-Cola Co. 0.32% 4,806 $340K Add +0.0%
LLY Eli Lilly & Co. 0.32% 430 $335K No change
TXN Texas Instruments Inc. 0.30% 1,525 $317K No change
UPS United Parcel Service Class B 0.29% 3,076 $310K Reduce -1.9%
DEO Diageo PLC-Sponsored ADR 0.27% 2,817 $284K Add +0.1%
PLTR Palantir Technologies Inc. Class A 0.27% 2,062 $281K No change
GE General Electric filed as GE AEROSPACE 0.26% 1,076 $277K Add +0.1%
SBUX Starbucks Corp. 0.25% 2,878 $264K Reduce -5.9%
AGNC AGNC Investment Corp. 0.25% 28,600 $263K New
SYY Sysco Corp. 0.24% 3,375 $256K No change
ADM Archer-Daniels-Midland Co. 0.24% 4,835 $255K No change
KHC The Kraft Heinz Co. 0.24% 9,850 $254K No change
MA Mastercard Inc. Class A 0.24% 452 $253K Add +0.2%
RH RH 0.22% 1,260 $238K No change
AB Alliancebernstein Holding LP 0.22% 5,800 $237K No change
PG The Procter & Gamble Co. 0.21% 1,393 $222K Reduce -10.8%
PRU Prudential Financial Inc. 0.21% 2,041 $219K No change
FHI Federated Hermes Inc. 0.20% 4,818 $214K No change
OKE Oneok Inc. 0.20% 2,602 $212K Add +0.1%
VCIT Vanguard Int-Term Corporate 0.20% 2,501 $207K Reduce -0.4%
CSCO Cisco Systems Inc. 0.19% 2,954 $205K Reduce -5.1%
PFE Pfizer Inc. 0.19% 8,224 $199K Add +0.1%
GIS General Mills Inc. 0.19% 3,800 $197K No change
NFG National Fuel Gas Co. 0.18% 2,200 $186K New
QCOM Qualcomm Inc. 0.17% 1,150 $183K No change
ETR Entergy Corp. 0.17% 2,200 $183K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.17% 2,000 $182K No change
STX Seagate Technology Holdings 0.16% 1,200 $173K New
ABBV Abbvie Inc. 0.16% 900 $167K No change
DUK Duke Energy Corp. 0.16% 1,395 $165K No change
ADSK Autodesk Inc. 0.14% 473 $146K No change
GEV GE Vernova Inc. 0.13% 268 $142K No change
CIM Chimera Investment Corp. 0.13% 10,100 $140K New
KMI Kinder Morgan Inc. 0.13% 4,761 $140K Add +0.0%
TRP TC Energy Corp. 0.13% 2,850 $139K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.13% 1,350 $138K No change
C Citigroup Inc. 0.13% 1,600 $136K No change
CRM Salesforce Inc. 0.12% 478 $130K No change
GLD SPDR Gold Shares 0.12% 425 $130K No change
BXP BXP Inc. 0.11% 1,700 $115K New
WPC WP Carey Inc. 0.11% 1,800 $112K New
CSX CSX Corp. 0.10% 3,400 $111K No change
NTR Nutrien Ltd. 0.09% 1,700 $99K Reduce -5.6%
SO The Southern Co. 0.09% 1,068 $98K No change
LNC Lincoln National Corp. 0.09% 2,800 $97K No change
ES Eversource Energy 0.09% 1,506 $96K No change
MRK Merck & Co. Inc. 0.09% 1,186 $94K No change
MDT Medtronic PLC 0.08% 1,024 $89K Add +725.8%
NEE Nextera Energy Inc. 0.08% 1,264 $88K No change
PEG Public Service Enterprise GP 0.08% 1,000 $84K No change
NFLX Netflix Inc. 0.08% 62 $83K No change

Show all 431 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $46K (not counted above)
SecurityClassShares / PrincipalValueChange
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 357$43KAdd +2.0%
CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 400$3KNo change

Total filed on the 13F, all lines: $106.1M.

Portfolio Sells Q1 2025 → Q2 2025
TLT iShares 20+ Year Treasury BD Reduce -46.0% 1.17% −1.41
BRK.B Berkshire Hathaway Inc. Class B Reduce -13.5% 2.73% −1.27
O Realty Income Corp. Reduce -89.6% 0.07% −0.66
MO Altria Group Inc. Reduce -96.7% 0.01% −0.39
DKS Dick's Sporting Goods Inc. Sold out 0.00% −0.20
JNJ Johnson & Johnson Reduce -1.0% 0.69% −0.19
STWD Starwood Property Trust Inc. Reduce -6.7% 0.79% −0.17
VZ Verizon Communications Inc. Reduce -0.3% 0.77% −0.16
CVX Chevron Corp. Reduce -0.3% 0.38% −0.14
NLY Annaly Capital Management Inc. Reduce -42.4% 0.08% −0.09
UPS United Parcel Service Class B Reduce -1.9% 0.29% −0.08
PG The Procter & Gamble Co. Reduce -10.8% 0.21% −0.08
SBUX Starbucks Corp. Reduce -5.9% 0.25% −0.08
TMUS T-Mobile US Inc. Reduce -49.4% 0.05% −0.07
V Visa Inc. Class A Reduce -2.4% 0.40% −0.07
VCIT Vanguard Int-Term Corporate Reduce -0.4% 0.20% −0.03
NVDY Yieldmax Nvda Option Inc. ETF Sold out 0.00% −0.02
IBM Intl Business Machines Corp. Reduce -56.8% 0.02% −0.02
BE Bloom Energy Corp. Class A Reduce -50.0% 0.02% −0.02
NOW ServiceNow Inc. Reduce -33.3% 0.05% −0.02
CSCO Cisco Systems Inc. Reduce -5.1% 0.19% −0.02
CRWD CrowdStrike Holdings Inc. Class A Reduce -65.8% 0.01% −0.02
PSX Phillips 66 Sold out 0.00% −0.01
GOOG Alphabet Inc. Class C Reduce -0.2% 0.72% −0.01
MFA Mfa Financial Inc. Sold out 0.00% −0.01
BANCOLOMBIA S.A.-SPONS ADR Sold out 0.00% −0.01
ZS Zscaler Inc. Sold out 0.00% −0.01
DFS Discover Financial Services Sold out 0.00% −0.01
HSY The Hershey Co. Reduce -5.3% 0.03% −0.01
JCI Johnson Controls Internation Reduce -28.4% 0.03% −0.01
ARKK ARK Innovation ETF Sold out 0.00% −0.01
GLW Corning Inc. Reduce -32.5% 0.01% −0.01
NTR Nutrien Ltd. Reduce -5.6% 0.09% −0.00
ORCL Oracle Corp. Reduce -36.8% 0.02% −0.00
FTEC Fidelity MSCI Info Tech Indx Sold out 0.00% −0.00
RDUS Radius Recycling Inc. Class A Sold out 0.00% −0.00
FBTC Fidelity Wise Origin Bitcoin Reduce -50.0% 0.00% −0.00
SWBI Smith & Wesson Brands Inc. Sold out 0.00% −0.00
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.00
W Wayfair Inc. Class A Sold out 0.00% −0.00
USB US Bancorp Reduce -1.5% 0.01% −0.00
CMG Chipotle Mexican Grill Inc. Reduce -1.4% 0.02% −0.00
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.00
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.00
CARR Carrier Global Corp. Reduce -4.5% 0.01% −0.00
SNAP Snap Inc. Class A Reduce -50.0% 0.00% −0.00
RIET Hoya Capital Hi DVD YLD ETF Reduce -30.9% 0.00% −0.00
CCJ Cameco Corp. Sold out 0.00% −0.00
KWEB Kranesh Csi China Internet Sold out 0.00% −0.00
CNI Canadian Natl Railway Co. Sold out 0.00% −0.00

Portfolio Buys Q1 2025 → Q2 2025
HDB HDFC Bank Ltd.-ADR Add +5689900.0% 4.11% +4.11
UNH Unitedhealth Group Inc. New 1.68% +1.68
CRWV Coreweave Inc. Class A New 1.20% +1.20
ADBE Adobe Inc. Add +12268.8% 0.72% +0.72
BITO Proshares Bitcoin ETF-Usd Add +56.1% 1.81% +0.67
BITX 2X Bitcoin ETF New 0.57% +0.57
PM Philip Morris International Add +283.8% 0.67% +0.50
BTI British American Tob-SP ADR Add +2450.5% 0.46% +0.44
AGNC AGNC Investment Corp. New 0.25% +0.25
NFG National Fuel Gas Co. New 0.18% +0.18
STX Seagate Technology Holdings New 0.16% +0.16
CIM Chimera Investment Corp. New 0.13% +0.13
BXP BXP Inc. New 0.11% +0.11
WPC WP Carey Inc. New 0.11% +0.11
JPM JPMorgan Chase & Co. Add +0.0% 4.56% +0.11
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 0.08% +0.08
MDT Medtronic PLC Add +725.8% 0.08% +0.07
SRE Sempra New 0.07% +0.07
GS Goldman Sachs Group Inc. Add +0.2% 0.34% +0.04
META Meta Platforms Inc. Class A Add +0.2% 0.33% +0.03
GE General Electric Add +0.1% 0.26% +0.03
TMO Thermo Fisher Scientific Inc. New 0.02% +0.02
BMO Bank of Montreal Add +100.0% 0.04% +0.02
OWL Blue Owl Capital Inc. New 0.01% +0.01
GILD Gilead Sciences Inc. New 0.01% +0.01
TIDAL TRUST II Add +139.1% 0.02% +0.01
IIPR Innovative Industrial Proper New 0.01% +0.01
AMD Advanced Micro Devices Add +17.2% 0.03% +0.01
SMR Nuscale Power Corp. New 0.01% +0.01
COF Capital One Financial Corp. New 0.01% +0.01
AMZN Amazon.com Inc. Add +0.3% 4.03% +0.01
ARE Alexandria Real Estate Equit New 0.01% +0.01
NRG NRG Energy Inc. Add +0.8% 0.02% +0.01
SHLD Global X Defense Tech ETF New 0.01% +0.01
DELL Dell Technologies -C Add +0.3% 0.04% +0.01
VICI Vici Properties Inc. Add +52.9% 0.02% +0.01
MCHP Microchip Technology Inc. Add +0.7% 0.02% +0.00
GLXY Galaxy Digital Inc. Class A New 0.00% +0.00
TQQQ Proshares Ultrapro QQQ New 0.00% +0.00
MRVL Marvell Technology Inc. Add +0.2% 0.03% +0.00
DIS The Walt Disney Co. Add +0.4% 0.03% +0.00
XLK SS Technology Select Sector Add +0.6% 0.04% +0.00
RCL Royal Caribbean Cruises Ltd. Add +4.2% 0.01% +0.00
KINS Kingstone Cos Inc. New 0.00% +0.00
INTU Intuit Inc. Add +6.3% 0.01% +0.00
ALEX Alexander & Baldwin Inc. New 0.00% +0.00
BTCI Neos Bitcoin High Income ETF Add +7.5% 0.01% +0.00
MU Micron Technology Inc. Add +5.0% 0.00% +0.00
XSW SS SPDR S&P Soft & Serv ETF Add +1.3% 0.01% +0.00
CAT Caterpillar Inc. Add +5.0% 0.01% +0.00

Notes & Other Activity Q1 2025 → Q2 2025
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF Add +2.0% 357 $43K
ZIM INTEGRATED SHIPPING SERV CALL · principal Sold out 24 $345before exit
CURIW Curiositystream -CW25 *W EXP 10/14/202 Sold out 200 $5before exit
TIDAL TRUST II YIELDMAX NVDA · principal Sold out 12 $4before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 409$115.2MQQQ, SPY, TLT, AAPL, AZO
Q1 2026 421$102.5MQQQ, SPY, AAPL, AZO, TLT
Q4 2025 405$98.0MQQQ, SPY, AAPL, AZO, TBIL
Q3 2025 427$117.1MQQQ, SPY, AZO, AAPL, UNH
Q2 2025 431$106.1MQQQ, SPY, AZO, AAPL, TBIL
Q1 2025 430$91.9MSPY, QQQ, AZO, AAPL, TBIL
Q4 2024 231$92.7MQQQ, SPY, AAPL, AZO, TBIL