Vision Financial Markets LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 22, 2026), Vision Financial Markets LLC reported 405 stock positions worth $98.0 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 10.4% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 9.8%) and Apple (AAPL, 8.5%). Compared with Q3 2025, it opened 6 new positions, sold out of 29, added to 77 and reduced 51. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +1%) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001378145
Portfolio Value
$98.0M (Q4 2025)
SEC Filing
0001378145-26-000004 ↗ filed Jan 22, 2026

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 Q2 2025 Q3 2025: $117.1M Q3 2025 Q4 2025: $98.0M $98.0M Q4 2025 Q1 2026: $102.5M Q1 2026 Q2 2026: $115.2M Q2 2026

Holdings 405 stocks · $98.0M
QQQ Invesco QQQ Trust Series 1 10.35% 16,506 $10.1M Add +1.1%
SPY SS SPDR S&P 500 ETF Trust-US 9.81% 14,089 $9.6M Add +0.9%
AAPL Apple Inc. 8.54% 30,760 $8.4M Reduce -2.2%
AZO AutoZone Inc. 6.56% 1,896 $6.4M Reduce -2.2%
TBIL F/M US Treasury 3 Month Bill 6.12% 120,088 $6.0M Add +2.9%
JPM JPMorgan Chase & Co. 5.46% 16,593 $5.3M Reduce -0.7%
AMZN Amazon.com Inc. 4.60% 19,536 $4.5M No change
AN Autonation Inc. 3.11% 14,750 $3.0M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 3.06% 5,970 $3.0M No change
WSM Williams-Sonoma Inc. 2.48% 13,600 $2.4M No change
HD Home Depot Inc. 2.14% 6,093 $2.1M Reduce -6.1%
TSLA Tesla Inc. 2.13% 4,637 $2.1M No change
MSFT Microsoft Corp. 1.50% 3,043 $1.5M Add +2.0%
BLK BlackRock Inc. 1.43% 1,310 $1.4M Reduce -6.4%
WM Waste Management Inc. 1.30% 5,804 $1.3M Reduce -6.3%
GOOG Alphabet Inc. Class C 1.23% 3,855 $1.2M Reduce -1.9%
COST Costco Wholesale Corp. 1.18% 1,340 $1.2M No change
JNJ Johnson & Johnson 0.98% 4,626 $957K Reduce -2.1%
NVDA Nvidia Corp. 0.96% 5,059 $943K Add +9.0%
MCD McDonald's Corp. 0.91% 2,904 $888K Reduce -3.3%
SHAK Shake Shack Inc. Class A 0.84% 10,150 $824K Reduce -1.0%
MET Metlife Inc. 0.79% 9,788 $773K Reduce -1.0%
VZ Verizon Communications Inc. 0.78% 18,800 $766K Add +0.0%
STWD Starwood Property Trust Inc. 0.77% 41,700 $751K No change
LMT Lockheed Martin Corp. 0.75% 1,521 $736K Reduce -3.2%
T AT&T Inc. 0.75% 29,419 $731K Reduce -0.7%
ADBE Adobe Inc. 0.72% 2,029 $710K Reduce -4.7%
WMT Walmart Inc. 0.70% 6,168 $687K Reduce -0.3%
WMB Williams Cos Inc. 0.53% 8,600 $517K No change
AGG iShares Core U.S. Aggregate 0.51% 5,000 $499K No change
AFL Aflac Inc. 0.51% 4,500 $496K Reduce -5.3%
ED Consolidated Edison Inc. 0.49% 4,828 $480K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.49% 9,000 $476K No change
LLY Eli Lilly & Co. 0.47% 430 $462K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.45% 4,000 $441K Reduce -20.0%
CVX Chevron Corp. 0.44% 2,848 $434K Add +0.1%
GS Goldman Sachs Group Inc. 0.44% 493 $433K No change
BND Vanguard Total Bond Market 0.44% 5,796 $429K No change
CVS CVS Health Corp. 0.42% 5,176 $411K Add +0.0%
XOM Exxon Mobil Corp. 0.40% 3,277 $394K Add +0.0%
V Visa Inc. Class A 0.37% 1,036 $363K Reduce -12.7%
PLTR Palantir Technologies Inc. Class A 0.34% 1,882 $335K No change
GE General Electric filed as GE AEROSPACE 0.34% 1,076 $331K No change
KO The Coca-Cola Co. 0.32% 4,550 $318K Reduce -2.8%
META Meta Platforms Inc. Class A 0.30% 445 $293K Add +6.0%
MA Mastercard Inc. Class A 0.26% 452 $257K No change
ADM Archer-Daniels-Midland Co. 0.26% 4,435 $255K No change
FHI Federated Hermes Inc. 0.26% 4,818 $251K No change
SYY Sysco Corp. 0.25% 3,375 $249K No change
UPS United Parcel Service Class B 0.25% 2,479 $246K Reduce -7.4%
DEO Diageo PLC-Sponsored ADR 0.25% 2,821 $243K Add +0.1%
SBUX Starbucks Corp. 0.25% 2,878 $242K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.24% 2,000 $232K No change
PRU Prudential Financial Inc. 0.24% 2,041 $230K No change
AB Alliancebernstein Holding LP 0.22% 5,700 $219K Reduce -1.7%
TXN Texas Instruments Inc. 0.22% 1,250 $217K Reduce -5.7%
VCIT Vanguard Int-Term Corporate 0.21% 2,501 $209K No change
ABBV Abbvie Inc. 0.21% 900 $206K No change
RH RH 0.21% 1,140 $204K No change
C Citigroup Inc. 0.21% 1,750 $204K Add +9.4%
ETR Entergy Corp. 0.21% 2,200 $203K No change
KHC The Kraft Heinz Co. 0.21% 8,350 $202K Reduce -10.7%
GIS General Mills Inc. 0.20% 4,300 $200K No change
CSCO Cisco Systems Inc. 0.20% 2,554 $197K No change
PG The Procter & Gamble Co. 0.20% 1,367 $196K Reduce -2.0%
OKE Oneok Inc. 0.20% 2,605 $191K Add +0.1%
PFE Pfizer Inc. 0.18% 7,238 $180K Reduce -6.4%
GEV GE Vernova Inc. 0.18% 268 $175K No change
MU Micron Technology Inc. 0.18% 605 $172K Add +332.1%
QCOM Qualcomm Inc. 0.17% 1,000 $171K Reduce -4.8%
GLD SPDR Gold Shares 0.17% 430 $170K Add +1.2%
PM Philip Morris International 0.17% 1,022 $164K No change
DUK Duke Energy Corp. 0.17% 1,395 $164K No change
TRP TC Energy Corp. 0.16% 2,850 $157K No change
ADSK Autodesk Inc. 0.14% 473 $140K No change
CRM Salesforce Inc. 0.14% 514 $136K Add +7.3%
SLV iShares Silver Trust 0.13% 2,037 $131K Add +1.9%
KMI Kinder Morgan Inc. 0.13% 4,763 $131K Add +0.0%
MRK Merck & Co. Inc. 0.13% 1,186 $125K No change
LNC Lincoln National Corp. 0.13% 2,800 $125K No change
CSX CSX Corp. 0.13% 3,400 $123K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.11% 1,350 $112K No change
VTI VG Morningstar TS MKT ETF-US 0.11% 311 $104K Add +94.4%
NEE Nextera Energy Inc. 0.10% 1,264 $101K No change
ES Eversource Energy 0.10% 1,506 $101K No change
BABA Alibaba Group Holding-SP ADR 0.10% 650 $95K No change
SO The Southern Co. 0.10% 1,068 $93K No change
RTX RTX Corp. 0.09% 501 $92K No change
VOO Vanguard S&P 500 ETF 0.09% 141 $88K No change
WFC Wells Fargo & Co. 0.08% 889 $83K Add +0.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.08% 173 $83K Add +226.4%
XEL Xcel Energy Inc. 0.08% 1,110 $82K No change
SPGI S&P Global Inc. 0.08% 156 $82K No change
PEG Public Service Enterprise GP 0.08% 1,000 $80K No change
PEP Pepsico Inc. 0.08% 548 $79K No change
MCO Moody's Corp. 0.07% 143 $73K No change
FDX FedEx Corp. 0.07% 250 $72K No change
LDOS Leidos Holdings Inc. 0.07% 394 $71K No change
AVGO Broadcom Inc. 0.07% 201 $70K No change
O Realty Income Corp. 0.07% 1,204 $68K Reduce -94.8%
BMY Bristol-Myers Squibb Co. 0.07% 1,255 $68K Reduce -7.2%
MMM 3M Co. 0.07% 400 $64K No change
TSM Taiwan Semiconductor-SP ADR 0.06% 200 $61K No change
AVUV Avantis US Small Cap Value 0.06% 591 $60K Add +0.3%
NFLX Netflix Inc. 0.06% 620 $58K No change
ENB Enbridge Inc. 0.06% 1,211 $58K No change
AXON Axon Enterprise Inc. 0.06% 100 $57K No change
PGF Invesco Financial Preferred 0.06% 4,000 $57K No change
ADMA Adma Biologics Inc. 0.06% 3,000 $55K No change
RDDT Reddit Inc. Class A 0.05% 230 $53K No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.05% 400 $52K No change
SCI Service Corp. International 0.05% 656 $51K Add +0.5%
JEPI JPMorgan Equity Premium Inco 0.05% 887 $51K Add +1.9%
BCE Bce Inc. 0.05% 2,100 $50K No change
SPYI Neos S&P 500 High Income ETF 0.05% 939 $49K Add +3.1%
DBX Dropbox Inc. Class A 0.05% 1,750 $49K No change
AMD Advanced Micro Devices 0.05% 223 $48K Reduce -40.5%
UGI Ugi Corp. 0.05% 1,275 $48K No change
LOW Lowe's Cos Inc. 0.05% 196 $47K No change
XLK SS Technology Select Sector 0.05% 328 $47K Reduce -0.6%
UBER Uber Technologies Inc. 0.05% 570 $47K Add +54.0%
MDLZ Mondelez International Inc. Class A 0.05% 838 $45K No change
BP BP PLC-Spons ADR 0.05% 1,286 $45K No change
IBIT iShares Bitcoin Trust ETF 0.05% 889 $44K Add +44.8%
ROKU Roku Inc. 0.04% 400 $43K No change
MOAT Vaneck Morningstar Wide Moat 0.04% 410 $42K Reduce -4.4%
TMUS T-Mobile US Inc. 0.04% 205 $42K Add +0.5%
DELL Dell Technologies -C 0.04% 330 $42K No change
BX Blackstone Inc. 0.04% 258 $40K Add +0.8%
KMB Kimberly-Clark Corp. 0.04% 382 $39K No change
NOW ServiceNow Inc. 0.04% 250 $38K No change
OKLO Oklo Inc. 0.04% 525 $38K No change
XSD SS SPDR S&P Semiconductor 0.04% 117 $37K No change
WBD Warner Bros Discovery Inc. 0.04% 1,294 $37K Reduce -11.6%
MRVL Marvell Technology Inc. 0.04% 439 $37K Reduce -5.2%
SPH Suburban Propane Partners LP 0.04% 2,000 $37K No change
GILD Gilead Sciences Inc. 0.04% 290 $36K Add +123.1%
FCX Freeport-McMoran Inc. 0.04% 700 $36K No change
BIIB Biogen Inc. 0.04% 200 $35K No change
OBIL F/M US Treasury 12 Month Bil 0.04% 700 $35K New
NSC Norfolk Southern Corp. 0.04% 120 $35K No change
TMO Thermo Fisher Scientific Inc. 0.03% 59 $34K No change
INTC Intel Corp. 0.03% 899 $33K No change
CLX Clorox Company 0.03% 320 $32K Add +166.7%
ABT Abbott Laboratories 0.03% 255 $32K Add +0.4%
ET Energy Transfer LP 0.03% 1,901 $31K Add +2.0%
GOOGL Alphabet Inc. Class A 0.03% 100 $31K No change
ALL Allstate Corp. 0.03% 150 $31K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 251 $29K No change
GL Globe Life Inc. 0.03% 200 $28K No change
HELO JPMorgan Hedged Equity ETF 0.03% 410 $27K No change
PYPL PayPal Holdings Inc. 0.03% 458 $27K No change
VGSH Vanguard Short-Term Treasury 0.03% 451 $26K No change
SCHO Schwab Short-Term US Treas 0.02% 1,000 $24K No change
SCHW Schwab (charles) Corp. 0.02% 243 $24K Add +0.4%
XLF SS Financial Select Sector 0.02% 439 $24K No change
AAP Advance Auto Parts Inc. 0.02% 584 $23K No change
BTI British American Tob-SP ADR 0.02% 404 $23K No change
JCI Johnson Controls Internation 0.02% 191 $23K Reduce -24.2%
HOOD Robinhood Markets Inc. Class A 0.02% 200 $23K No change
BITB Bitwise Bitcoin ETF 0.02% 466 $22K No change
MS Morgan Stanley 0.02% 124 $22K No change
ORCL Oracle Corp. 0.02% 113 $22K Add +9.7%
XLE SS Energy Select Sector 0.02% 486 $22K No change
NEWT Newtekone Inc. 0.02% 1,910 $22K Add +1.1%
GSBD Goldman Sachs BDC Inc. 0.02% 2,250 $21K No change
OHI Omega Healthcare Investors 0.02% 468 $21K Add +1.5%
WELL Welltower Inc. 0.02% 111 $20K Add +0.9%
NRG NRG Energy Inc. 0.02% 129 $20K Add +0.8%
MCHP Microchip Technology Inc. 0.02% 311 $20K Add +0.3%
VDE Vanguard Energy ETF 0.02% 156 $20K No change
NUTX Nutex Health Inc. 0.02% 118 $19K No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.02% 680 $19K Add +1.5%
OBDC Blue Owl Capital Corp. 0.02% 1,515 $19K New
SPHD Invesco S&P 500 High Dividen 0.02% 384 $18K No change
HSY The Hershey Co. 0.02% 100 $18K No change
BCS Barclays PLC-Spons ADR 0.02% 715 $18K No change
AVB Avalonbay Communities Inc. 0.02% 100 $18K No change
USB US Bancorp 0.02% 334 $18K Reduce -84.3%
CAVA Cava Group Inc. 0.02% 300 $18K No change
BE Bloom Energy Corp. Class A 0.02% 200 $17K No change
EXE Expand Energy Corp. 0.02% 154 $17K Add +0.7%
Q Qnity Electronics Inc. 0.02% 203 $17K No change
DOW Dow Inc. 0.02% 700 $16K No change
DD Dupont DE Nemours Inc. 0.02% 407 $16K No change
CHAT Roundhill Gen AI & Tech ETF 0.02% 274 $16K New
IGV iShares Expanded Tech-Softwa 0.02% 151 $16K No change
TTC Toro Co. 0.02% 200 $16K No change
SOBO South Bow Corp. 0.02% 570 $16K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 81 $15K No change
CL Colgate-Palmolive Co. 0.02% 192 $15K No change
APD Air Products & Chemicals Inc. 0.02% 61 $15K No change
NJR New Jersey Resources Corp. 0.02% 320 $15K No change
XSW SS SPDR S&P Soft & Serv ETF 0.01% 78 $14K No change
GTLS Chart Industries Inc. 0.01% 69 $14K Reduce -12.7%
TIDAL TRUST I 0.01% 327 $14K Add +0.6%
AZN Astrazeneca PLC-Spons ADR 0.01% 153 $14K No change
AR Antero Resources Corp. 0.01% 390 $13K No change
SFIX Stitch Fix Inc. Class A 0.01% 2,510 $13K No change
TPR Tapestry Inc. 0.01% 102 $13K No change
HI Hillenbrand Inc. 0.01% 400 $13K No change
LAC Lithium Americas Corp. 0.01% 2,906 $13K No change
CBOE Cboe Global Markets Inc. 0.01% 50 $13K No change
IWM iShares Russell 2000 ETF 0.01% 51 $12K No change
QQQX Nuveen Nasdaq 100 DYN Overwr 0.01% 435 $12K Add +3.8%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.01% 75 $12K No change
QVMT Invesco S&P 500 Concentrated 0.01% 211 $12K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 219 $12K No change
MDT Medtronic PLC 0.01% 124 $12K No change
TOST Toast Inc. Class A 0.01% 335 $12K Add +1240.0%
CFG Citizens Financial Group 0.01% 200 $12K Reduce -60.0%
CAT Caterpillar Inc. 0.01% 21 $12K No change
OXY Occidental Petroleum Corp. 0.01% 282 $12K Add +0.4%
NUE Nucor Corp. 0.01% 71 $12K Reduce -73.8%
MO Altria Group Inc. 0.01% 200 $12K No change
XLRE SS Real Estate Select Sector 0.01% 285 $11K Add +0.3%
HNDL Nasdaq 7 Handl Index ETF filed as STRATEGY SHS 0.01% 517 $11K Add +1.8%
ETSY Etsy Inc. 0.01% 200 $11K No change
FLHY Franklin High Yield Corporat 0.01% 455 $11K Add +2.3%
FSLR First Solar Inc. 0.01% 42 $11K No change
APLD Applied Digital Corp. 0.01% 445 $11K New
ALEX Alexander & Baldwin Inc. 0.01% 527 $11K Add +0.2%
INTU Intuit Inc. 0.01% 17 $11K No change
XEXGX Eaton Vance Tax-Managed Glob 0.01% 1,106 $11K Add +2.1%
HQY Healthequity Inc. 0.01% 115 $11K Reduce -30.3%
SOFI Sofi Technologies Inc. 0.01% 400 $10K No change
NLY Annaly Capital Management Inc. 0.01% 450 $10K Reduce -88.0%
CHWY Chewy Inc. Class A 0.01% 300 $10K No change
ECPG Encore Capital Group Inc. 0.01% 178 $10K No change
CMG Chipotle Mexican Grill Inc. 0.01% 255 $9K Reduce -30.9%
ODFL Old Dominion Freight Line 0.01% 59 $9K No change
AEP American Electric Power 0.01% 80 $9K Add +1.3%
GLW Corning Inc. 0.01% 105 $9K Add +1.0%
SCHD Schwab US DVD Equity ETF 0.01% 325 $9K Add +116.7%
HCA HCA Healthcare Inc. 0.01% 19 $9K No change
COF Capital One Financial Corp. 0.01% 36 $9K No change
FYBR Frontier Communications Pare 0.01% 222 $8K No change
STX Seagate Technology Holdings 0.01% 30 $8K Reduce -99.4%
MSTY Yieldmax MSTR Option Is ETF 0.01% 276 $8K Reduce -10.4%
XIFR XPLR Infrastructure LP 0.01% 800 $8K No change
XLI SS Industrial Select Sector 0.01% 51 $8K No change
IREN Iren Ltd. filed as IREN LIMITED 0.01% 200 $8K No change
XYZ Block Inc. 0.01% 114 $7K No change
VOD Vodafone Group PLC-SP ADR 0.01% 545 $7K No change
EBAY eBay Inc. 0.01% 82 $7K No change
CARR Carrier Global Corp. 0.01% 133 $7K Reduce -30.7%
IVV iShares Core S&P 500 ETF 0.01% 11 $7K No change
MPLX MPLX LP 0.01% 130 $7K Add +1.6%
XPO Xpo Inc. 0.01% 50 $7K No change
RCL Royal Caribbean Cruises Ltd. 0.01% 25 $7K No change
CPB The Campbell's Company 0.01% 240 $7K No change
PFG Principal Financial Group 0.01% 76 $7K Add +1.3%
SHLD Global X Defense Tech ETF 0.01% 101 $6K No change
EPR Epr Properties filed as EPR PPTYS 0.01% 130 $6K Add +1.6%
SWK Stanley Black & Decker Inc. 0.01% 87 $6K No change
SHOP Shopify Inc. Class A 0.01% 40 $6K No change
GD General Dynamics Corp. 0.01% 19 $6K No change
XAR SS SPDR S&P Aerospace Def 0.01% 26 $6K No change
CG The Carlyle Group Inc. 0.01% 103 $6K No change
D Dominion Energy Inc. 0.01% 104 $6K Add +1.0%
AX Axos Financial Inc. 0.01% 70 $6K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.01% 13 $6K No change
PFXF Vaneck Pref Sec X-Financials 0.01% 338 $6K Add +2.4%
SOLV Solventum Corp. 0.01% 75 $6K No change
FPE FT-Preferred Secur & Inc. ETF 0.01% 323 $6K Add +1.6%
FREL Fidelity MSCI RL Est Indx 0.01% 215 $6K Add +0.5%
BTCI Neos Bitcoin High Income ETF 0.01% 130 $6K Add +6.6%
NOC Northrop Grumman Corp. 0.01% 10 $5K No change
SNOW Snowflake Inc. 0.01% 25 $5K No change
AA Alcoa Corp. 0.01% 102 $5K Add +1.0%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.01% 126 $5K No change
VTRS Viatris Inc. 0.01% 422 $5K Add +1.0%
GWRE Guidewire Software Inc. 0.01% 25 $5K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.01% 16 $5K No change
PSK SS SPDR Ice Pref Sec ETF 0.00% 151 $5K Add +2.7%
AIG American International Group 0.00% 55 $5K No change
CELH Celsius Holdings Inc. 0.00% 100 $5K New
AMZA Infracap MLP ETF 0.00% 107 $4K No change
SIL Global X Silver Miners ETF 0.00% 51 $4K No change
AMP Ameriprise Financial Inc. 0.00% 9 $4K No change
COP Conocophillips 0.00% 45 $4K Add +2.3%
DDOG Datadog Inc. Class A 0.00% 30 $4K No change
BITO Proshares Bitcoin ETF-Usd 0.00% 335 $4K Reduce -98.7%
AAL American Airlines Group Inc. 0.00% 265 $4K No change
KNSL Kinsale Capital Group Inc. 0.00% 11 $4K No change
SBLK Star Bulk Carriers Corp. 0.00% 203 $4K Add +0.5%
AM Antero Midstream Corp. 0.00% 211 $4K Add +1.4%
LMND Lemonade Inc. 0.00% 50 $4K No change
APPN Appian Corp. Class A 0.00% 100 $4K No change
HAL Halliburton Co. 0.00% 124 $4K No change
UVE Universal Insurance Holdings 0.00% 103 $3K No change
GLXY Galaxy Digital Inc. Class A 0.00% 150 $3K No change
F Ford Motor Co. filed as FORD MTR CO 0.00% 250 $3K No change
GFI Gold Fields Ltd.-Spons ADR 0.00% 75 $3K No change
HL Hecla Mining Co. 0.00% 166 $3K No change
MRNA Moderna Inc. 0.00% 100 $3K No change
SMR Nuscale Power Corp. 0.00% 206 $3K No change
AEE Ameren Corporation 0.00% 29 $3K No change
FINV Finvolution Group-ADR 0.00% 550 $3K Reduce -38.9%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 75 $3K No change
NGD New Gold Inc. 0.00% 325 $3K No change
FBTC Fidelity Wise Origin Bitcoin 0.00% 35 $3K No change
FLGT Fulgent Genetics Inc. 0.00% 100 $3K No change
ZM Zoom Communications Inc. 0.00% 30 $3K No change
PCRX Pacira Biosciences Inc. 0.00% 100 $3K No change
FENY Fidelity MSCI Energy Index 0.00% 104 $3K Add +1.0%
WD Walker & Dunlop Inc. 0.00% 42 $2K No change
GNL Global Net Lease Inc. 0.00% 289 $2K Add +2.5%
PAAS Pan American Silver Corp. 0.00% 47 $2K No change
ACLS Axcelis Technologies Inc. 0.00% 30 $2K No change
BA The Boeing Co. 0.00% 11 $2K No change
CPNG Coupang Inc. 0.00% 100 $2K No change
AVNW Aviat Networks Inc. 0.00% 110 $2K No change
MGM MGM Resorts International 0.00% 63 $2K No change
GGN Gamco GLBL Gold NTRL Res Inc. 0.00% 430 $2K Add +1.9%
FLNG Flex LNG Ltd. 0.00% 89 $2K Add +3.5%
BHM Bluerock Homes Trust Inc. 0.00% 196 $2K Add +1.0%
RIET Hoya Capital Hi DVD YLD ETF 0.00% 221 $2K Add +2.8%
PINS Pinterest Inc. Class A 0.00% 75 $2K No change
AEM Agnico Eagle Mines Ltd. 0.00% 11 $2K No change
KINS Kingstone Cos Inc. 0.00% 101 $2K No change
RGR Sturm Ruger & Co. Inc. 0.00% 51 $2K No change
PATH Uipath Inc. Class A 0.00% 100 $2K No change
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.00% 119 $2K No change
VITL Vital Farms Inc. 0.00% 50 $2K No change
TWST Twist Bioscience Corp. 0.00% 50 $2K No change
MITK Mitek Systems Inc. 0.00% 150 $2K No change
FOUR SHIFT4 Payments Inc. Class A 0.00% 25 $2K No change
STNE Stoneco Ltd. Class A 0.00% 100 $1K No change
CIFR Cipher Digital Inc. 0.00% 100 $1K No change
FVRR Fiverr International Ltd. 0.00% 70 $1K No change
USAU US Gold Corp. 0.00% 70 $1K No change
NOK Nokia Corp.-Spon ADR 0.00% 200 $1K No change
VTIP Vanguard Short-Term Tips 0.00% 25 $1K No change
RITM Rithm Capital Corp. 0.00% 107 $1K Reduce -98.5%
EOSE Eos Energy Enterprises Inc. 0.00% 100 $1K No change
VIG Vanguard Dividend Apprec ETF 0.00% 6 $1K No change
LBTYA Liberty Global Ltd. Class A 0.00% 100 $1K No change
IVE iShares S&P 500 Value ETF 0.00% 6 $1K No change
CZR Caesars Entertainment Inc. 0.00% 46 $1K No change
CRSP Crispr Therapeutics AG 0.00% 20 $1K No change
SLVO UBS AG Etracs SL SH Co. C ETN 0.00% 10 $999 No change
BTC Grayscale Bitcoin Mini ETF 0.00% 25 $969 No change
TFPM Triple Flag Precious Met 0.00% 29 $964 No change
CMBT CMB Tech NV 0.00% 97 $937 No change
HUT Hut 8 Corp. 0.00% 20 $919 No change
BOC Boston Omaha Corp. Class A 0.00% 70 $866 No change
ACHR Archer Aviation Inc. Class A 0.00% 100 $752 No change
VFF Village Farms International 0.00% 200 $730 No change
CRWV Coreweave Inc. Class A 0.00% 10 $717 New
SDGR Schrodinger Inc. 0.00% 40 $716 No change
RIOT Riot Platforms Inc. 0.00% 50 $634 No change
RXO Rxo Inc. 0.00% 50 $632 No change
GBIL Goldman Sachs Access Treasur 0.00% 7 $623 No change
CARS Cars.com Inc. 0.00% 50 $610 No change
CLOV Clover Health Investments Co. 0.00% 250 $588 No change
OPEN Opendoor Technologies Inc. 0.00% 100 $583 No change
FSLY Fastly Inc. Class A 0.00% 50 $509 No change
EMB iShares JP Morgan Usd Emergi 0.00% 6 $507 No change
FUBO Fubotv Inc. 0.00% 200 $504 No change
APPS Digital Turbine Inc. 0.00% 100 $500 No change
PERI Perion Network Ltd. 0.00% 50 $479 No change
IZEA Izea Worldwide Inc. 0.00% 100 $438 No change
DNN Denison Mines Corp. 0.00% 157 $418 No change
SNAP Snap Inc. Class A 0.00% 50 $404 No change
NXE Nexgen Energy Ltd. 0.00% 40 $368 No change
ROOT Root Inc./Oh Class A 0.00% 5 $362 No change
CLVT Clarivate PLC 0.00% 100 $334 No change
ZDGE Zedge Inc. Class B 0.00% 101 $330 Add +1.0%
ALC Alcon Inc. filed as ALCON AG 0.00% 4 $316 No change
INVZ Innoviz Technologies Ltd. 0.00% 350 $298 No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.00% 16 $268 No change
AEVA Aeva Technologies Inc. 0.00% 20 $266 No change
VB Vanguard Most SM-Cap ETF-Usd 0.00% 2 $262 No change
OKTA Okta Inc. 0.00% 3 $260 No change
GOLD RESOURCE CORP 0.00% 300 $249 No change
VIST Vista Energy Sab DE CV 0.00% 5 $244 No change
CFLT Confluent Inc. Class A 0.00% 8 $242 No change
GDXJ Vaneck Junior Gold Miners 0.00% 3 $233 Add +50.0%
IQV Iqvia Holdings Inc. 0.00% 1 $226 No change
CLNE Clean Energy Fuels Corp. 0.00% 100 $210 No change
CSGP Costar Group Inc. 0.00% 3 $202 No change
BTBT Bit Digital Inc. 0.00% 100 $189 No change
IONQ Ionq Inc. 0.00% 4 $180 Reduce -96.0%
SSNC Ss&c Technologies Holdings 0.00% 3 $177 No change
ESTC Elastic NV 0.00% 2 $151 No change
XPEL Xpel Inc. 0.00% 3 $150 No change
TLRY Tilray Brands Inc. 0.00% 16 $145 Reduce -2.4%
VLUE iShares MSCI USA Value Facto 0.00% 1 $137 No change
CRBP Corbus Pharmaceuticals Holdi 0.00% 14 $114 No change
GPK Graphic Packaging Holding Co. 0.00% 8 $108 No change
LSF Laird Superfood Inc. 0.00% 40 $89 No change
ACVA Acv Auctions Inc. Class A 0.00% 10 $81 No change
SPCE Virgin Galactic Holdings Inc. 0.00% 25 $81 No change
PSFE Paysafe Ltd. 0.00% 9 $73 No change
ICE Intercontinental Exchange Inc. 0.00% 1 $68 Reduce -98.0%
URNM Sprott Uranium Miners ETF 0.00% 2 $57 Add +100.0%
EKSO BIONICS HLDGS INC 0.00% 6 $52 No change
SU Suncor Energy Inc. 0.00% 1 $45 No change
MAPS WM Technology Inc. 0.00% 50 $42 No change
RMR RMR Group Inc./the - A 0.00% 2 $30 No change
MTNB Matinas Biopharma Holdings I 0.00% 40 $24 No change
INTZ Intrusion Inc. 0.00% 13 $15 No change
ACB Aurora Cannabis Inc. 0.00% 2 $9 No change
AYTU Aytu Biopharma Inc. 0.00% 2 $6 No change
Other holdings (4): bonds, preferreds, convertibles and warrants · $29K (not counted above)
SecurityClassShares / PrincipalValueChange
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 366$29KAdd +0.3%
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 3$3No change
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 3$2New
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 3$2New

Total filed on the 13F, all lines: $98.0M.

Portfolio Sells Q3 2025 → Q4 2025
UNH Unitedhealth Group Inc. Sold out 0.00% −5.28
TLT iShares 20+ Year Treasury BD Sold out 0.00% −2.37
O Realty Income Corp. Reduce -94.8% 0.07% −1.13
STX Seagate Technology Holdings Reduce -99.4% 0.01% −1.06
BITX 2X Bitcoin ETF Sold out 0.00% −1.05
TGT Target Corp. Sold out 0.00% −0.96
AGNC AGNC Investment Corp. Sold out 0.00% −0.84
AZO AutoZone Inc. Reduce -2.2% 6.56% −0.54
LULU Lululemon Athletica Inc. Sold out 0.00% −0.46
BITO Proshares Bitcoin ETF-Usd Reduce -98.7% 0.00% −0.43
TTE Totalenergies SE -Spon ADR Sold out 0.00% −0.41
CMCSA Comcast Corp. Class A Sold out 0.00% −0.14
HD Home Depot Inc. Reduce -6.1% 2.14% −0.11
NFG National Fuel Gas Co. Sold out 0.00% −0.09
SRE Sempra Sold out 0.00% −0.08
USB US Bancorp Reduce -84.3% 0.02% −0.07
WPC WP Carey Inc. Sold out 0.00% −0.07
RITM Rithm Capital Corp. Reduce -98.5% 0.00% −0.07
NLY Annaly Capital Management Inc. Reduce -88.0% 0.01% −0.05
ARE Alexandria Real Estate Equit Sold out 0.00% −0.05
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.05
DE Deere & Co. Sold out 0.00% −0.04
LADR Ladder Capital Corp.-REIT Sold out 0.00% −0.03
REXR Rexford Industrial Realty Inc. Sold out 0.00% −0.03
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -20.0% 0.45% −0.03
NUE Nucor Corp. Reduce -73.8% 0.01% −0.02
FMC FMC Corp. Sold out 0.00% −0.01
YRD Yiren Digital Ltd. - SPS ADR Sold out 0.00% −0.01
CVGW Calavo Growers Inc. Sold out 0.00% −0.01
IEP Icahn Enterprises LP Sold out 0.00% −0.01
CFG Citizens Financial Group Reduce -60.0% 0.01% −0.01
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.01
MFA Mfa Financial Inc. Sold out 0.00% −0.01
MSTY Yieldmax MSTR Option Is ETF Reduce -10.4% 0.01% −0.01
ICE Intercontinental Exchange Inc. Reduce -98.0% 0.00% −0.01
VTR Ventas Inc. Sold out 0.00% −0.01
EETH Proshares Ether ETF-Usd Inc. Sold out 0.00% −0.01
EAT Brinker International Inc. Sold out 0.00% −0.01
IONQ Ionq Inc. Reduce -96.0% 0.00% −0.01
TQQQ Proshares Ultrapro QQQ Sold out 0.00% −0.00
AMD Advanced Micro Devices Reduce -40.5% 0.05% −0.00
CTRE Caretrust REIT Inc. Sold out 0.00% −0.00
CMG Chipotle Mexican Grill Inc. Reduce -30.9% 0.01% −0.00
FINV Finvolution Group-ADR Reduce -38.9% 0.00% −0.00
CARR Carrier Global Corp. Reduce -30.7% 0.01% −0.00
HQY Healthequity Inc. Reduce -30.3% 0.01% −0.00
SNREY Sunrise Communicat Class A Sold out 0.00% −0.00
KHC The Kraft Heinz Co. Reduce -10.7% 0.21% −0.00
JCI Johnson Controls Internation Reduce -24.2% 0.02% −0.00
AOUT American Outdoor Brands Inc. Sold out 0.00% −0.00

Portfolio Buys Q3 2025 → Q4 2025
QQQ Invesco QQQ Trust Series 1 Add +1.1% 10.35% +1.98
SPY SS SPDR S&P 500 ETF Trust-US Add +0.9% 9.81% +1.86
TBIL F/M US Treasury 3 Month Bill Add +2.9% 6.12% +1.13
NVDA Nvidia Corp. Add +9.0% 0.96% +0.22
MSFT Microsoft Corp. Add +2.0% 1.50% +0.18
MU Micron Technology Inc. Add +332.1% 0.18% +0.16
XOM Exxon Mobil Corp. Add +0.0% 0.40% +0.09
CVS CVS Health Corp. Add +0.0% 0.42% +0.09
VZ Verizon Communications Inc. Add +0.0% 0.78% +0.08
C Citigroup Inc. Add +9.4% 0.21% +0.07
CVX Chevron Corp. Add +0.1% 0.44% +0.07
DIA SS SPDR Dow Jones Indus Avg Add +226.4% 0.08% +0.06
VTI VG Morningstar TS MKT ETF-US Add +94.4% 0.11% +0.06
SLV iShares Silver Trust Add +1.9% 0.13% +0.06
GLD SPDR Gold Shares Add +1.2% 0.17% +0.04
CRM Salesforce Inc. Add +7.3% 0.14% +0.04
META Meta Platforms Inc. Class A Add +6.0% 0.30% +0.04
OBIL F/M US Treasury 12 Month Bil New 0.04% +0.04
OKE Oneok Inc. Add +0.1% 0.20% +0.03
GILD Gilead Sciences Inc. Add +123.1% 0.04% +0.02
WFC Wells Fargo & Co. Add +0.1% 0.08% +0.02
CLX Clorox Company Add +166.7% 0.03% +0.02
OBDC Blue Owl Capital Corp. New 0.02% +0.02
DEO Diageo PLC-Sponsored ADR Add +0.1% 0.25% +0.02
KMI Kinder Morgan Inc. Add +0.0% 0.13% +0.02
UBER Uber Technologies Inc. Add +54.0% 0.05% +0.02
CHAT Roundhill Gen AI & Tech ETF New 0.02% +0.02
AVUV Avantis US Small Cap Value Add +0.3% 0.06% +0.01
TOST Toast Inc. Class A Add +1240.0% 0.01% +0.01
APLD Applied Digital Corp. New 0.01% +0.01
IBIT iShares Bitcoin Trust ETF Add +44.8% 0.05% +0.01
SPYI Neos S&P 500 High Income ETF Add +3.1% 0.05% +0.01
JEPI JPMorgan Equity Premium Inco Add +1.9% 0.05% +0.01
SCI Service Corp. International Add +0.5% 0.05% +0.01
SCHD Schwab US DVD Equity ETF Add +116.7% 0.01% +0.01
SCHW Schwab (charles) Corp. Add +0.4% 0.02% +0.01
CELH Celsius Holdings Inc. New 0.00% +0.00
ET Energy Transfer LP Add +2.0% 0.03% +0.00
OHI Omega Healthcare Investors Add +1.5% 0.02% +0.00
WELL Welltower Inc. Add +0.9% 0.02% +0.00
NEWT Newtekone Inc. Add +1.1% 0.02% +0.00
ABT Abbott Laboratories Add +0.4% 0.03% +0.00
EXE Expand Energy Corp. Add +0.7% 0.02% +0.00
BX Blackstone Inc. Add +0.8% 0.04% +0.00
MCHP Microchip Technology Inc. Add +0.3% 0.02% +0.00
NRG NRG Energy Inc. Add +0.8% 0.02% +0.00
ALEX Alexander & Baldwin Inc. Add +0.2% 0.01% +0.00
QQQX Nuveen Nasdaq 100 DYN Overwr Add +3.8% 0.01% +0.00
AA Alcoa Corp. Add +1.0% 0.01% +0.00
XEXGX Eaton Vance Tax-Managed Glob Add +2.1% 0.01% +0.00

Notes & Other Activity Q3 2025 → Q4 2025
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF Add +0.3% 366 $29K
CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 Sold out 400 $5Kbefore exit
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 3 $2
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 3 $2

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