Waddell & Associates, LLC

Name: WADDELL & ASSOCIATES, LLC 13F holdings, Q4 2025
Creator: WADDELL & ASSOCIATES, LLC
Published: 2026-02-11

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Waddell & Associates, LLC reported 379 stock positions worth $1.5 billion. Its top holding was FedEx (FDX) at 23.2% of the portfolio, followed by Global X US Infrastructure (PAVE, 6.2%) and State Street SPDR S&P Midcap (MDY, 6.1%). Compared with Q3 2025, it opened 89 new positions, sold out of 35, added to 173 and reduced 74. The biggest buy was FedEx (FDX, shares +164%) and the biggest sale Invesco Nasdaq 100 ETF (QQQM, shares −1%).

Most Recent 13F: Q2 2026
Location: MEMPHIS, TN
CIK: 0001776757
Portfolio Value: $1.5B (Q4 2025)
SEC Filing: 0001765380-26-000104 ↗ filed Feb 11, 2026

Holdings Value

Holdings 379 stocks · $1.5B


FDX FedEx Corp.	23.16%	1,188,140	$343.2M	Add +164.0%
PAVE Global X US Infrastructure	6.18%	1,917,540	$91.6M	Add +1.3%
MDY State Street SPDR S&P Midcap	6.12%	150,332	$90.7M	Add +1.4%
FNDA Schwab Fndmntl US SM Co. ETF	6.00%	2,823,762	$89.0M	Add +1.5%
DGRW Wisdomtree U.S. Quality Divi	5.98%	990,996	$88.6M	Add +1.3%
AUSF Global X Adaptive US Factor	4.99%	1,593,001	$73.9M	Add +3.4%
SCHK Schwab 1000 Index ETF	4.58%	2,071,165	$67.9M	Add +1.0%
CAPE Doubleline Shiller Cape US	4.56%	2,097,338	$67.6M	Add +2.1%
IEFA iShares Core MSCI Eafe ETF	3.76%	622,821	$55.7M	Add +3.0%
QQQM Invesco Nasdaq 100 ETF	3.36%	197,090	$49.8M	Reduce -0.7%
AVEM Avantis Emerging Markets Eq	2.88%	554,945	$42.7M	Add +0.2%
EWX State Street SPDR S&P Emergi	2.87%	647,449	$42.5M	Add +0.1%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd	2.85%	412,249	$42.2M	Add +1.1%
AAPL Apple Inc.	1.14%	62,029	$16.9M	Add +5.2%
NVDA Nvidia Corp.	0.69%	55,178	$10.3M	Add +14.4%
SPY SS SPDR S&P 500 ETF Trust-US	0.64%	13,917	$9.5M	Add +0.7%
MSFT Microsoft Corp.	0.63%	19,296	$9.3M	Reduce -0.6%
PSLV Sprott Physical Silver Trust	0.54%	335,445	$7.9M	Reduce -5.3%
DBND Doubleline Oppor Cor BND-Usd	0.51%	164,566	$7.6M	Reduce -9.6%
BRK.B Berkshire Hathaway Inc. Class B	0.50%	14,606	$7.3M	Reduce -4.7%
GOOG Alphabet Inc. Class C	0.43%	20,487	$6.4M	Add +9.4%
LLY Eli Lilly & Co.	0.41%	5,646	$6.1M	Reduce -4.0%
WMT Walmart Inc.	0.41%	54,173	$6.0M	Add +6.3%
CGV Conductor Global Eq Val ETF	0.40%	404,304	$6.0M	Add +0.4%
VLUE iShares MSCI USA Value Facto	0.38%	41,683	$5.7M	Reduce -1.9%
VTV Vanguard Mrngstr Val ETF-Aui	0.30%	22,944	$4.4M	Add +1.6%
EFA iShares MSCI Eafe ETF	0.29%	44,704	$4.3M	Reduce -0.3%
JPM JPMorgan Chase & Co.	0.28%	12,854	$4.1M	Reduce -3.5%
GOOGL Alphabet Inc. Class A	0.24%	11,478	$3.6M	Add +20.1%
ACWI iShares MSCI Acwi ETF	0.24%	25,247	$3.6M	No change
VOO Vanguard S&P 500 ETF	0.24%	5,665	$3.6M	No change
IWF iShares Russell 1000 Growth	0.22%	7,020	$3.3M	Reduce -37.6%
VXUS Vanguard Total Intl Stock	0.22%	43,666	$3.3M	Reduce -3.0%
AMZN Amazon.com Inc.	0.22%	14,101	$3.3M	Add +37.1%
IYW iShares Ustechnology ETF	0.18%	13,098	$2.6M	No change
AZO AutoZone Inc.	0.17%	750	$2.5M	Reduce -6.6%
META Meta Platforms Inc. Class A	0.16%	3,567	$2.4M	Reduce -3.4%
XOM Exxon Mobil Corp.	0.16%	19,385	$2.3M	Add +0.1%
HD Home Depot Inc.	0.15%	6,536	$2.2M	Reduce -7.4%
JNJ Johnson & Johnson	0.15%	10,475	$2.2M	Add +4.1%
TSLA Tesla Inc.	0.15%	4,791	$2.2M	Add +19.5%
MRK Merck & Co. Inc.	0.14%	20,212	$2.1M	Add +23.7%
AVGO Broadcom Inc.	0.13%	5,777	$2.0M	Add +14.9%
ORCL Oracle Corp.	0.13%	10,047	$2.0M	Add +15.9%
VT Vanguard Tot World STK ETF	0.13%	13,183	$1.9M	No change
QQQ Invesco QQQ Trust Series 1	0.12%	2,914	$1.8M	Add +0.1%
GE General Electric filed as GE AEROSPACE	0.12%	5,614	$1.7M	Add +4.2%
PHYS Sprott Physical Gold Trust	0.11%	51,216	$1.7M	Add +1.6%
DFAE Dimensional Emerging Core Eq	0.11%	51,788	$1.7M	Reduce -0.9%
PG The Procter & Gamble Co.	0.11%	11,582	$1.7M	Reduce -13.8%
MU Micron Technology Inc.	0.11%	5,798	$1.7M	Add +14.6%
NEM Newmont Corp.	0.11%	16,265	$1.6M	Add +21.6%
CEF Sprott Physical Gold and Sil	0.11%	35,146	$1.6M	Reduce -18.1%
PEP Pepsico Inc.	0.11%	10,953	$1.6M	Add +12.7%
CB Chubb Ltd.	0.10%	4,975	$1.6M	Add +129.3%
WTAI Wisdomtree AI and Innovation	0.10%	53,221	$1.6M	No change
AFL Aflac Inc.	0.10%	13,939	$1.5M	Add +6.5%
INTC Intel Corp.	0.10%	40,833	$1.5M	Add +6.0%
ARTY iShares Future AI & Tech ETF	0.10%	30,735	$1.5M	No change
NFLX Netflix Inc.	0.09%	14,783	$1.4M	Reduce -4.2%
RCAT Red Cat Holdings Inc.	0.09%	174,760	$1.4M	Add +5.8%
GD General Dynamics Corp.	0.09%	3,966	$1.3M	Add +23.8%
CNC Centene Corp.	0.09%	32,237	$1.3M	Add +177.5%
COHR Coherent Corp.	0.09%	7,170	$1.3M	Add +0.3%
TEAM Atlassian Corp. Class A	0.09%	8,127	$1.3M	New
EXPE Expedia Group Inc.	0.09%	4,551	$1.3M	Add +35.8%
BMY Bristol-Myers Squibb Co.	0.09%	23,787	$1.3M	Add +239.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.09%	4,318	$1.3M	Reduce -0.8%
GEV GE Vernova Inc.	0.08%	1,891	$1.2M	Add +11.8%
RSP Invesco S&P 500 Equal Weight	0.08%	6,391	$1.2M	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.08%	22,154	$1.2M	Add +1.2%
V Visa Inc. Class A	0.08%	3,364	$1.2M	Reduce -14.9%
CEFZ Rivernorth Active Income ETF	0.08%	143,391	$1.2M	Add +2.5%
EIX Edison International	0.08%	19,476	$1.2M	Add +126.0%
SPMD SS SPDR P S&P 400 Midcap ETF	0.08%	20,006	$1.2M	Reduce -0.1%
CSCO Cisco Systems Inc.	0.08%	14,858	$1.1M	Add +10.9%
GS Goldman Sachs Group Inc.	0.08%	1,287	$1.1M	Add +9.3%
COF Capital One Financial Corp.	0.07%	4,488	$1.1M	Add +59.4%
ANET Arista Networks Inc.	0.07%	8,295	$1.1M	Add +32.1%
CMI Cummins Inc.	0.07%	2,123	$1.1M	Add +3.7%
CVX Chevron Corp.	0.07%	7,102	$1.1M	Reduce -12.3%
BKNG Booking Holdings Inc.	0.07%	201	$1.1M	Add +47.8%
RF Regions Financial Corp.	0.07%	39,482	$1.1M	Add +16.1%
FIX Comfort Systems USA Inc.	0.07%	1,144	$1.1M	Add +45.0%
ALL Allstate Corp.	0.07%	5,117	$1.1M	Add +0.9%
PCG P G & E Corp.	0.07%	66,171	$1.1M	Add +54.8%
EW Edwards Lifesciences Corp.	0.07%	12,346	$1.1M	Add +9.1%
VTR Ventas Inc.	0.07%	13,346	$1.0M	Add +57.9%
JBHT Hunt (jb) Transprt SVCS Inc.	0.07%	5,290	$1.0M	Add +60.8%
KO The Coca-Cola Co.	0.07%	14,610	$1.0M	Reduce -1.6%
WST West Pharmaceutical Services	0.07%	3,622	$997K	Add +3.2%
AXP American Express Co.	0.07%	2,655	$982K	Add +0.6%
ABNB Airbnb Inc. Class A	0.07%	7,236	$982K	Add +56.1%
C Citigroup Inc.	0.06%	8,165	$953K	Add +36.5%
SNOW Snowflake Inc.	0.06%	4,325	$949K	Add +29.7%
INCY Incyte Corp.	0.06%	9,598	$948K	Add +7.9%
VRT Vertiv Holdings Co. Class A	0.06%	5,776	$936K	Add +7.0%
PLTR Palantir Technologies Inc. Class A	0.06%	5,263	$935K	Add +45.0%
ACN Accenture PLC Class A	0.06%	3,443	$924K	Add +82.7%
REGN Regeneron Pharmaceuticals	0.06%	1,185	$915K	Add +63.7%
AMAT Applied Materials Inc.	0.06%	3,456	$888K	Reduce -0.3%
PNC PNC Financial Services Group	0.06%	4,213	$879K	Reduce -9.7%
GM General Motors Co.	0.06%	10,737	$873K	Add +1.3%
PRFZ Inv Rafi US 1500 SM-Usd Inc.	0.06%	18,278	$839K	Reduce -1.3%
FTI Technipfmc PLC	0.06%	18,512	$825K	Add +26.2%
VRSN Verisign Inc.	0.06%	3,389	$823K	Add +8.7%
PGR Progressive Corp.	0.06%	3,614	$823K	Add +30.9%
LMT Lockheed Martin Corp.	0.06%	1,701	$823K	Add +152.8%
NTRA Natera Inc.	0.06%	3,590	$822K	Add +77.5%
MEDP Medpace Holdings Inc.	0.06%	1,455	$817K	Add +62.6%
XLK SS Technology Select Sector	0.06%	5,666	$816K	Reduce -1.0%
ZM Zoom Communications Inc.	0.05%	9,216	$795K	Add +67.5%
PSA Public Storage	0.05%	3,047	$791K	Reduce -27.9%
ORLY O'reilly Automotive Inc.	0.05%	8,648	$789K	Add +7.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.05%	5,104	$784K	Add +207.3%
WFC Wells Fargo & Co.	0.05%	8,385	$781K	Add +4.2%
LOW Lowe's Cos Inc.	0.05%	3,114	$751K	Add +6.0%
ABBV Abbvie Inc.	0.05%	3,255	$744K	Reduce -2.0%
KMI Kinder Morgan Inc.	0.05%	26,206	$720K	Add +1.3%
FCX Freeport-McMoran Inc.	0.05%	13,827	$702K	Add +94.9%
PANW Palo Alto Networks Inc.	0.05%	3,760	$693K	Add +35.1%
PSX Phillips 66	0.05%	5,314	$686K	Add +82.7%
FTNT Fortinet Inc.	0.05%	8,591	$682K	Add +110.8%
LVS Las Vegas Sands Corp.	0.05%	10,451	$680K	New
ADBE Adobe Inc.	0.05%	1,941	$679K	Reduce -5.2%
EQIX Equinix Inc.	0.04%	857	$657K	Add +45.5%
MLI Mueller Industries Inc.	0.04%	5,614	$644K	Add +126.7%
AIQ Global X Art Intel & Tech	0.04%	12,639	$643K	No change
PFE Pfizer Inc.	0.04%	25,810	$643K	Add +6.3%
PM Philip Morris International	0.04%	3,990	$640K	Add +43.0%
DGS Wisdomtree Em Small Cap	0.04%	11,176	$640K	New
WDC Western Digital Corp.	0.04%	3,695	$637K	Add +91.8%
MA Mastercard Inc. Class A	0.04%	1,095	$625K	Reduce -9.5%
EEM iShares MSCI Emerging Market	0.04%	11,390	$623K	No change
BDX Becton Dickinson and Co.	0.04%	3,169	$615K	Add +69.0%
ESTC Elastic NV	0.04%	8,099	$611K	Add +153.4%
GSIE Goldman Sachs Activebeta Int	0.04%	14,192	$609K	No change
USMV iShares MSCI USA Min Vol Fac	0.04%	6,470	$609K	No change
MO Altria Group Inc.	0.04%	10,503	$606K	Reduce -0.6%
BA The Boeing Co.	0.04%	2,769	$601K	Reduce -14.4%
FFLG Fidelity Fndmntl L/C GRW ETF	0.04%	20,000	$599K	No change
UPS United Parcel Service Class B	0.04%	5,994	$595K	New
DG Dollar General Corp.	0.04%	4,448	$591K	Add +81.6%
VEU Vanguard Ftse All-World Ex-U	0.04%	7,990	$588K	No change
DOV Dover Corp.	0.04%	3,008	$587K	New
ILMN Illumina Inc.	0.04%	4,468	$586K	Add +19.3%
SCI Service Corp. International	0.04%	7,426	$579K	No change
MS Morgan Stanley	0.04%	3,231	$574K	Add +5.3%
UNH Unitedhealth Group Inc.	0.04%	1,728	$571K	Reduce -12.0%
WELL Welltower Inc.	0.04%	3,071	$570K	No change
NVT Nvent Electric PLC	0.04%	5,557	$567K	Add +0.3%
SPGI S&P Global Inc.	0.04%	1,080	$564K	Add +0.8%
STE Steris PLC	0.04%	2,220	$563K	Add +148.6%
PPI Astoria Real Assets ETF	0.04%	30,098	$561K	No change
MCD McDonald's Corp.	0.04%	1,832	$560K	Reduce -11.9%
AMP Ameriprise Financial Inc.	0.04%	1,141	$559K	New
VTI VG Morningstar TS MKT ETF-US	0.04%	1,648	$553K	Add +3.0%
COP Conocophillips	0.04%	5,886	$551K	Add +34.4%
DAL Delta Air Lines Inc.	0.04%	7,855	$545K	Add +25.2%
LYFT LYFT Inc. Class A	0.04%	28,022	$543K	Add +19.8%
LRCX Lam Research Corp.	0.04%	3,149	$539K	Add +32.0%
NOW ServiceNow Inc.	0.04%	3,455	$529K	Add +163.7%
USB US Bancorp	0.04%	9,751	$520K	New
EXAS Exact Sciences Corp.	0.04%	5,110	$519K	New
BBY Best Buy Co. Inc.	0.04%	7,743	$518K	Add +40.4%
HLT Hilton Worldwide Holdings Inc.	0.03%	1,800	$517K	Add +1.8%
TSN Tyson Foods Inc. Class A	0.03%	8,814	$517K	New
TPR Tapestry Inc.	0.03%	4,023	$514K	Reduce -11.9%
QUAL iShares MSCI USA Quality Fac	0.03%	2,586	$514K	No change
PNFP Pinnacle Financial Partners	0.03%	5,351	$511K	Add +108.6%
EXEL Exelixis Inc.	0.03%	11,492	$504K	New
MKTX Marketaxess Holdings Inc.	0.03%	2,772	$502K	New
FSMB First Trust Short Dur Manag	0.03%	25,059	$502K	New
BWA Borgwarner Inc.	0.03%	11,096	$500K	Add +40.6%
TRV The Travelers Cos Inc.	0.03%	1,718	$498K	Add +9.6%
TAFI AB Tax Aware Short Dur Muni filed as AB ACTIVE ETFS INC	0.03%	19,743	$498K	New
HII Huntington Ingalls Industrie	0.03%	1,455	$495K	New
QCOM Qualcomm Inc.	0.03%	2,885	$493K	Add +27.5%
MMM 3M Co.	0.03%	3,062	$490K	Add +35.7%
THC Tenet Healthcare Corp.	0.03%	2,459	$489K	Add +62.5%
DHR Danaher Corp.	0.03%	2,131	$488K	Add +52.4%
DKNG Draftkings Inc. Class A	0.03%	14,124	$487K	Add +15.8%
KDP Keurig Dr Pepper Inc.	0.03%	17,234	$483K	New
PYPL PayPal Holdings Inc.	0.03%	8,267	$483K	New
RBLX Roblox Corp. Class A	0.03%	5,952	$482K	Reduce -29.2%
SCHW Schwab (charles) Corp.	0.03%	4,820	$482K	Reduce -24.3%
TXT Textron Inc.	0.03%	5,470	$477K	New
CRM Salesforce Inc.	0.03%	1,796	$476K	Reduce -10.2%
MSCI MSCI Inc.	0.03%	829	$476K	Add +28.5%
ROST Ross Stores Inc.	0.03%	2,599	$468K	New
NBIX Neurocrine Biosciences Inc.	0.03%	3,245	$460K	Add +46.1%
AMT American Tower Corp.	0.03%	2,618	$460K	New
TER Teradyne Inc.	0.03%	2,362	$457K	New
CFG Citizens Financial Group	0.03%	7,816	$457K	Add +71.8%
ADT Adt Inc.	0.03%	56,418	$455K	Add +26.9%
IT Gartner Inc.	0.03%	1,789	$451K	Add +120.0%
CMG Chipotle Mexican Grill Inc.	0.03%	12,166	$450K	New
IQV Iqvia Holdings Inc.	0.03%	1,996	$450K	Add +46.8%
SYY Sysco Corp.	0.03%	6,079	$448K	Add +16.5%
UTHR United Therapeutics Corp.	0.03%	911	$444K	New
ELV Elevance Health Inc.	0.03%	1,241	$435K	Add +2.6%
JLL Jones Lang Lasalle Inc.	0.03%	1,290	$434K	New
MDB Mongodb Inc.	0.03%	1,028	$431K	Add +51.9%
DUK Duke Energy Corp.	0.03%	3,673	$431K	Reduce -8.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.03%	3,670	$426K	Add +94.9%
APH Amphenol Corp. Class A	0.03%	3,148	$425K	Add +27.2%
AME Ametek Inc.	0.03%	2,055	$422K	Add +42.2%
T AT&T Inc.	0.03%	16,504	$410K	Reduce -5.0%
HUBB Hubbell Inc.	0.03%	916	$407K	No change
PTMC Pacer Trendpilot US Mid Cap	0.03%	11,366	$405K	No change
ALNY Alnylam Pharmaceuticals Inc.	0.03%	1,017	$404K	Reduce -0.1%
MPC Marathon Petroleum Corp.	0.03%	2,470	$402K	No change
RL Ralph Lauren Corp.	0.03%	1,135	$401K	Add +68.7%
QEFA STSR SPD MSC Eaf Stgfs-US Inc.	0.03%	4,394	$398K	Add +1.8%
MTG Mgic Investment Corp.	0.03%	13,562	$396K	Add +67.6%
DHI D.R. Horton Inc.	0.03%	2,734	$394K	Add +79.9%
CAT Caterpillar Inc.	0.03%	686	$393K	New
UNP Union Pacific Corp.	0.03%	1,698	$393K	Reduce -8.9%
SRE Sempra	0.03%	4,384	$387K	No change
DVN Devon Energy Corp.	0.03%	10,458	$383K	Add +23.5%
CFLT Confluent Inc. Class A	0.03%	12,645	$382K	New
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.03%	3,335	$379K	Reduce -6.9%
EVR Evercore Inc. Class A	0.03%	1,113	$379K	Add +5.2%
PINS Pinterest Inc. Class A	0.03%	14,574	$377K	Add +83.8%
ORI Old Republic Intl Corp.	0.03%	8,267	$377K	Add +10.8%
PLD Prologis Inc.	0.03%	2,945	$376K	New
DECK Deckers Outdoor Corp.	0.03%	3,598	$373K	New
SCHX Schwab US Large-Cap ETF	0.03%	13,815	$372K	Reduce -0.3%
FDS Factset Research Systems Inc.	0.03%	1,280	$371K	New
VLTO Veralto Corp.	0.03%	3,716	$371K	Add +97.5%
OHI Omega Healthcare Investors	0.03%	8,348	$370K	Add +41.1%
DELL Dell Technologies -C	0.03%	2,939	$370K	Reduce -6.6%
IOO iShares Global 100 ETF	0.02%	2,909	$368K	No change
TFC Truist Financial Corp.	0.02%	7,433	$366K	Add +0.3%
AON Aon PLC Class A	0.02%	1,025	$362K	Add +51.6%
ARMK Aramark	0.02%	9,725	$358K	New
HCA HCA Healthcare Inc.	0.02%	767	$358K	New
IVZ Invesco Ltd.	0.02%	13,600	$357K	Add +8.4%
DLR Digital Realty Trust Inc.	0.02%	2,309	$357K	Reduce -3.7%
CCK Crown Holdings Inc.	0.02%	3,459	$356K	Add +27.7%
ROKU Roku Inc.	0.02%	3,273	$355K	Add +5.9%
SF Stifel Financial Corp.	0.02%	2,826	$354K	New
HUBS HubSpot Inc.	0.02%	870	$349K	Add +11.5%
JHG Janus Henderson Group PLC	0.02%	7,328	$349K	Add +24.1%
FNF Fidelity National Financial	0.02%	6,368	$348K	Add +37.6%
JEF Jefferies Financial Group Inc.	0.02%	5,581	$346K	New
MTCH Match Group Inc.	0.02%	10,673	$345K	Add +13.2%
MRVL Marvell Technology Inc.	0.02%	4,043	$344K	Add +67.8%
ABT Abbott Laboratories	0.02%	2,726	$342K	Reduce -10.5%
PWZ Invesco California Amt-Free	0.02%	14,125	$341K	No change
GAP The Gap Inc.	0.02%	13,319	$341K	New
MAA Mid-America Apartment Comm	0.02%	2,428	$337K	Add +31.7%
CAMX Cambiar Aggressive Value ETF	0.02%	10,604	$334K	No change
VEEV Veeva Systems Inc. Class A	0.02%	1,494	$334K	Reduce -24.8%
PB Prosperity Bancshares Inc.	0.02%	4,821	$333K	New
YUM Yum! Brands Inc.	0.02%	2,193	$332K	Add +2.8%
JCI Johnson Controls Internation	0.02%	2,742	$328K	No change
VLO Valero Energy Corp.	0.02%	2,012	$328K	Reduce -1.4%
MAR Marriott International Class A	0.02%	1,053	$327K	No change
PFG Principal Financial Group	0.02%	3,703	$327K	New
LPX Louisiana-Pacific Corp.	0.02%	4,044	$327K	Reduce -3.2%
MDT Medtronic PLC	0.02%	3,387	$325K	Add +23.4%
NYT New York Times Co. Class A	0.02%	4,654	$323K	Add +18.3%
TXRH Texas Roadhouse Inc.	0.02%	1,929	$320K	Reduce -1.2%
VIK Viking Holdings Ltd.	0.02%	4,476	$320K	New
GDDY GoDaddy Inc. Class A	0.02%	2,551	$317K	New
ADI Analog Devices Inc.	0.02%	1,166	$316K	New
DE Deere & Co.	0.02%	674	$314K	No change
SYK Stryker Corp.	0.02%	891	$313K	Add +2.8%
DFAC Dimensional US Core Equity 2	0.02%	7,840	$310K	No change
SNV Synovus Financial Corp.	0.02%	6,174	$309K	Add +44.8%
VUG Vanguard Mrngstar GR ETF-Sui	0.02%	630	$307K	Add +12.9%
BIIB Biogen Inc.	0.02%	1,742	$307K	Add +1.3%
TFX Teleflex Inc.	0.02%	2,508	$306K	New
MGM MGM Resorts International	0.02%	8,351	$305K	Add +1.1%
NTRS Northern Trust Corp.	0.02%	2,224	$304K	New
TTC Toro Co.	0.02%	3,847	$303K	Reduce -4.9%
XLG Invesco S&P 500 Top 50 ETF	0.02%	5,085	$301K	No change
SNDK Sandisk Corp.	0.02%	1,266	$301K	New
FRT Federal Realty Invs Trust	0.02%	2,978	$300K	New
EXE Expand Energy Corp.	0.02%	2,695	$297K	New
CRH CRH PLC	0.02%	2,352	$294K	Add +3.8%
NDAQ Nasdaq Inc.	0.02%	3,005	$292K	Add +27.3%
OMC Omnicom Group	0.02%	3,603	$291K	New
GLW Corning Inc.	0.02%	3,320	$291K	Add +10.9%
BMRN Biomarin Pharmaceutical Inc.	0.02%	4,880	$290K	Reduce -5.7%
USFD US Foods Holding Corp.	0.02%	3,847	$290K	No change
MCK McKesson Corp.	0.02%	353	$290K	New
CVS CVS Health Corp.	0.02%	3,636	$289K	Reduce -19.7%
MANH Manhattan Associates Inc.	0.02%	1,664	$288K	Reduce -3.8%
VZ Verizon Communications Inc.	0.02%	7,079	$288K	New
GLD SPDR Gold Shares	0.02%	727	$288K	Reduce -4.7%
NNN NNN REIT Inc.	0.02%	7,172	$284K	New
AA Alcoa Corp.	0.02%	5,346	$284K	New
IWO iShares Russell 2000 Growth	0.02%	874	$282K	Add +0.1%
MORN Morningstar Inc.	0.02%	1,273	$277K	New
BPOP Popular Inc.	0.02%	2,215	$276K	Reduce -2.6%
CW Curtiss-Wright Corp.	0.02%	498	$275K	Add +26.7%
DINO HF Sinclair Corp.	0.02%	5,893	$272K	Add +8.7%
WMB Williams Cos Inc.	0.02%	4,490	$270K	No change
TGT Target Corp.	0.02%	2,756	$269K	New
LECO Lincoln Electric Holdings	0.02%	1,123	$269K	New
EME Emcor Group Inc.	0.02%	437	$267K	Add +12.9%
FMHI First Trust Municipal High I	0.02%	5,570	$267K	No change
LPLA LPL Financial Holdings Inc.	0.02%	746	$266K	No change
POET Poet Technologies Inc.	0.02%	41,346	$262K	No change
FIVE Five Below	0.02%	1,379	$260K	New
AMH American Homes 4 Rent- A	0.02%	8,069	$259K	New
BFAM Bright Horizons Family Solut	0.02%	2,548	$258K	New
MOAT Vaneck Morningstar Wide Moat	0.02%	2,493	$258K	No change
AWI Armstrong World Industries	0.02%	1,350	$258K	Add +17.2%
HAL Halliburton Co.	0.02%	9,104	$257K	New
CIEN Ciena Corp.	0.02%	1,099	$257K	New
MNST Monster Beverage Corp.	0.02%	3,276	$251K	No change
AEP American Electric Power	0.02%	2,169	$250K	Reduce -5.4%
CCOR Core Alternative ETF	0.02%	9,490	$249K	No change
DASH DoorDash Inc. Class A	0.02%	1,087	$246K	Reduce -54.5%
TOL Toll Brothers Inc.	0.02%	1,818	$246K	Reduce -3.3%
CTRA Coterra Energy Inc.	0.02%	9,333	$246K	New
CACI Caci International Inc. Class A	0.02%	459	$245K	New
GLOF iShares Global Equity Factor	0.02%	4,614	$244K	No change
FTRE Fortrea Holdings Inc.	0.02%	13,883	$239K	Add +3.5%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.02%	3,523	$237K	New
LAMR Lamar Advertising Co. Class A	0.02%	1,875	$237K	Reduce -16.8%
AR Antero Resources Corp.	0.02%	6,882	$237K	New
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.02%	747	$235K	No change
CRBG Corebridge Financial Inc.	0.02%	7,754	$234K	New
ZS Zscaler Inc.	0.02%	1,032	$232K	Reduce -33.5%
CTVA Corteva Inc.	0.02%	3,461	$232K	New
P Everpure Inc. Class A filed as PURE STORAGE INC	0.02%	3,460	$232K	Add +34.9%
GTLB Gitlab Inc. Class A	0.02%	6,165	$231K	New
HPQ HP Inc.	0.02%	10,339	$230K	New
WPM Wheaton Precious Metals Corp.	0.02%	1,954	$230K	No change
ADSK Autodesk Inc.	0.02%	775	$229K	No change
ROP Roper Technologies Inc.	0.02%	514	$229K	New
HAS Hasbro Inc.	0.02%	2,780	$228K	New
OC Owens Corning	0.02%	2,032	$227K	New
GL Globe Life Inc.	0.02%	1,622	$227K	Reduce -5.8%
TW Tradeweb Markets Inc. Class A	0.02%	2,104	$226K	New
VWO Vanguard Ftse Emerging Marke	0.02%	4,188	$225K	Add +0.7%
TT Trane Technologies PLC	0.02%	575	$224K	Reduce -1.7%
UAL United Airlines Holdings Inc.	0.01%	1,992	$223K	New
COST Costco Wholesale Corp.	0.01%	258	$223K	Reduce -24.6%
EA Electronic Arts Inc.	0.01%	1,083	$221K	Add +0.1%
CME Cme Group Inc.	0.01%	810	$221K	New
PDEC Innovator U.S. Equity Power	0.01%	5,030	$218K	No change
RGA Reinsurance Group of America	0.01%	1,051	$214K	New
ASH Ashland Inc.	0.01%	3,625	$213K	Reduce -24.3%
MRSH Marsh & McLennan Cos	0.01%	1,139	$211K	New
AXS Axis Capital Holdings Ltd.	0.01%	1,957	$210K	New
GILD Gilead Sciences Inc.	0.01%	1,706	$209K	New
DDOG Datadog Inc. Class A	0.01%	1,539	$209K	New
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP	0.01%	3,254	$209K	New
IWP iShares Russell Mid-Cap Grow	0.01%	1,522	$208K	No change
AMCR Amcor PLC	0.01%	24,947	$208K	New
ATI Ati Inc.	0.01%	1,801	$207K	New
SCHF Schwab Intl Equity ETF	0.01%	8,545	$205K	Reduce -0.6%
AKAM Akamai Technologies Inc.	0.01%	2,353	$205K	Reduce -15.1%
NEE Nextera Energy Inc.	0.01%	2,552	$205K	New
IWB iShares Russell 1000 ETF	0.01%	548	$205K	New
SPG Simon Property Group Inc.	0.01%	1,104	$204K	New
F Ford Motor Co. filed as FORD MTR CO	0.01%	15,559	$204K	New
INVH Invitation Homes Inc.	0.01%	7,324	$204K	New
ULTA Ulta Beauty Inc.	0.01%	336	$203K	New
ETSY Etsy Inc.	0.01%	3,643	$202K	Add +12.6%
EHC Encompass Health Corp.	0.01%	1,901	$202K	Reduce -21.0%
NAKA Nakamoto Inc. filed as KINDLY MD INC	0.01%	572,370	$201K	Reduce 0.0%
PCAR Paccar Inc.	0.01%	1,832	$201K	New
S Sentinelone Inc. Class A	0.01%	11,455	$172K	New
WEN The Wendy's Co.	0.01%	15,807	$132K	Reduce -14.2%
GTM Zoominfo Technologies Inc.	0.01%	12,472	$127K	Reduce -8.8%
CRT Cross Timbers Royalty Trust	0.01%	15,417	$122K	Add +1.7%
GT Goodyear Tire & Rubber Co.	0.01%	12,981	$114K	New
MPT Medical Properties Trust Inc.	0.01%	21,668	$108K	Add +99.4%
PK Park Hotels & Resorts Inc.	0.01%	10,006	$105K	Reduce -21.7%
ECC Eagle Point Credit Co.	0.01%	13,192	$76K	Add +6.6%
BLNE Beeline Holdings Inc.	0.00%	31,000	$53K	Add +55.0%
AGL Agilon Health Inc.	0.00%	23,357	$16K	New
DVLT Datavault AI Inc.	0.00%	23,696	$15K	New

Portfolio Sells Q3 2025 → Q4 2025


QQQM Invesco Nasdaq 100 ETF	Reduce -0.7%	3.36%	−0.81
MSFT Microsoft Corp.	Reduce -0.6%	0.63%	−0.23
IWF iShares Russell 1000 Growth	Reduce -37.6%	0.22%	−0.22
DBND Doubleline Oppor Cor BND-Usd	Reduce -9.6%	0.51%	−0.21
BRK.B Berkshire Hathaway Inc. Class B	Reduce -4.7%	0.50%	−0.16
AZO AutoZone Inc.	Reduce -6.6%	0.17%	−0.12
HD Home Depot Inc.	Reduce -7.4%	0.15%	−0.09
JPM JPMorgan Chase & Co.	Reduce -3.5%	0.28%	−0.08
META Meta Platforms Inc. Class A	Reduce -3.4%	0.16%	−0.07
VLUE iShares MSCI USA Value Facto	Reduce -1.9%	0.38%	−0.07
RBLX Roblox Corp. Class A	Reduce -29.2%	0.03%	−0.07
EFA iShares MSCI Eafe ETF	Reduce -0.3%	0.29%	−0.07
NFLX Netflix Inc.	Reduce -4.2%	0.09%	−0.06
PG The Procter & Gamble Co.	Reduce -13.8%	0.11%	−0.06
VXUS Vanguard Total Intl Stock	Reduce -3.0%	0.22%	−0.06
PSA Public Storage	Reduce -27.9%	0.05%	−0.05
EG Everest Group Ltd.	Sold out	0.00%	−0.05
MOH Molina Healthcare Inc.	Sold out	0.00%	−0.05
DASH DoorDash Inc. Class A	Reduce -54.5%	0.02%	−0.04
NAKA Nakamoto Inc.	Reduce 0.0%	0.01%	−0.04
V Visa Inc. Class A	Reduce -14.9%	0.08%	−0.04
NTNX Nutanix Inc. Class A	Sold out	0.00%	−0.03
LIN Linde PLC	Sold out	0.00%	−0.03
CVX Chevron Corp.	Reduce -12.3%	0.07%	−0.03
GRMN Garmin Ltd.	Sold out	0.00%	−0.03
VB Vanguard Most SM-Cap ETF-Usd	Sold out	0.00%	−0.03
VEEV Veeva Systems Inc. Class A	Reduce -24.8%	0.02%	−0.03
DFAE Dimensional Emerging Core Eq	Reduce -0.9%	0.11%	−0.03
CL Colgate-Palmolive Co.	Sold out	0.00%	−0.03
CEF Sprott Physical Gold and Sil	Reduce -18.1%	0.11%	−0.03
ZTS Zoetis Inc.	Sold out	0.00%	−0.03
BAH Booz Allen Hamilton Holdings	Sold out	0.00%	−0.02
ARE Alexandria Real Estate Equit	Sold out	0.00%	−0.02
ZS Zscaler Inc.	Reduce -33.5%	0.02%	−0.02
RHI Robert Half Inc.	Sold out	0.00%	−0.02
EXR Extra Space Storage Inc.	Sold out	0.00%	−0.02
ARW Arrow Electronics Inc.	Sold out	0.00%	−0.02
BRO Brown & Brown Inc.	Sold out	0.00%	−0.02
NWSA News Corp. Class A	Sold out	0.00%	−0.02
DD Dupont DE Nemours Inc.	Sold out	0.00%	−0.02
OVV Ovintiv Inc.	Sold out	0.00%	−0.02
PNC PNC Financial Services Group	Reduce -9.7%	0.06%	−0.02
DUOL Duolingo	Sold out	0.00%	−0.02
FAST Fastenal Co.	Sold out	0.00%	−0.02
UBER Uber Technologies Inc.	Sold out	0.00%	−0.02
SPMD SS SPDR P S&P 400 Midcap ETF	Reduce -0.1%	0.08%	−0.02
SCHW Schwab (charles) Corp.	Reduce -24.3%	0.03%	−0.02
UNH Unitedhealth Group Inc.	Reduce -12.0%	0.04%	−0.02
BA The Boeing Co.	Reduce -14.4%	0.04%	−0.02
MO Altria Group Inc.	Reduce -0.6%	0.04%	−0.02

Portfolio Buys Q3 2025 → Q4 2025


FDX FedEx Corp.	Add +164.0%	23.16%	+14.13
TEAM Atlassian Corp. Class A	New	0.09%	+0.09
BMY Bristol-Myers Squibb Co.	Add +239.5%	0.09%	+0.06
CNC Centene Corp.	Add +177.5%	0.09%	+0.05
CB Chubb Ltd.	Add +129.3%	0.10%	+0.05
GOOG Alphabet Inc. Class C	Add +9.4%	0.43%	+0.05
LVS Las Vegas Sands Corp.	New	0.05%	+0.05
GOOGL Alphabet Inc. Class A	Add +20.1%	0.24%	+0.04
DGS Wisdomtree Em Small Cap	New	0.04%	+0.04
UPS United Parcel Service Class B	New	0.04%	+0.04
DOV Dover Corp.	New	0.04%	+0.04
MU Micron Technology Inc.	Add +14.6%	0.11%	+0.04
EIX Edison International	Add +126.0%	0.08%	+0.04
AMP Ameriprise Financial Inc.	New	0.04%	+0.04
USB US Bancorp	New	0.04%	+0.04
EXAS Exact Sciences Corp.	New	0.04%	+0.04
TSN Tyson Foods Inc. Class A	New	0.03%	+0.03
EXEL Exelixis Inc.	New	0.03%	+0.03
FSMB First Trust Short Dur Manag	New	0.03%	+0.03
MKTX Marketaxess Holdings Inc.	New	0.03%	+0.03
TAFI AB Tax Aware Short Dur Muni	New	0.03%	+0.03
HII Huntington Ingalls Industrie	New	0.03%	+0.03
KDP Keurig Dr Pepper Inc.	New	0.03%	+0.03
PYPL PayPal Holdings Inc.	New	0.03%	+0.03
TJX TJX Companies Inc.	Add +207.3%	0.05%	+0.03
TXT Textron Inc.	New	0.03%	+0.03
JBHT Hunt (jb) Transprt SVCS Inc.	Add +60.8%	0.07%	+0.03
ROST Ross Stores Inc.	New	0.03%	+0.03
AMT American Tower Corp.	New	0.03%	+0.03
TER Teradyne Inc.	New	0.03%	+0.03
CMG Chipotle Mexican Grill Inc.	New	0.03%	+0.03
UTHR United Therapeutics Corp.	New	0.03%	+0.03
JLL Jones Lang Lasalle Inc.	New	0.03%	+0.03
NTRA Natera Inc.	Add +77.5%	0.06%	+0.03
AMZN Amazon.com Inc.	Add +37.1%	0.22%	+0.03
REGN Regeneron Pharmaceuticals	Add +63.7%	0.06%	+0.03
LMT Lockheed Martin Corp.	Add +152.8%	0.06%	+0.03
MRK Merck & Co. Inc.	Add +23.7%	0.14%	+0.03
CAT Caterpillar Inc.	New	0.03%	+0.03
EXPE Expedia Group Inc.	Add +35.8%	0.09%	+0.03
CFLT Confluent Inc. Class A	New	0.03%	+0.03
PLD Prologis Inc.	New	0.03%	+0.03
DECK Deckers Outdoor Corp.	New	0.03%	+0.03
FDS Factset Research Systems Inc.	New	0.03%	+0.03
ARMK Aramark	New	0.02%	+0.02
HCA HCA Healthcare Inc.	New	0.02%	+0.02
SF Stifel Financial Corp.	New	0.02%	+0.02
COHR Coherent Corp.	Add +0.3%	0.09%	+0.02
FCX Freeport-McMoran Inc.	Add +94.9%	0.05%	+0.02
JEF Jefferies Financial Group Inc.	New	0.02%	+0.02

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	543	$2.0B	FDX, PAVE, FNDA, MDY, FDXF
Q1 2026	449	$1.8B	FDX, PAVE, GCOW, MDY, FNDA
Q4 2025	379	$1.5B	FDX, PAVE, MDY, FNDA, DGRW
Q3 2025	325	$1.2B	FDX, PAVE, MDY, DGRW, FNDA
Q2 2025	243	$936.8M	MDY, PAVE, DGRW, FNDA, AUSF
Q1 2025Amended	159	$823.6M	MDY, DGRW, FNDA, WELD, AUSF
Q4 2024Amended	154	$981.0M	RCAT, MDY, FNDA, DGRW, IOO
Q3 2024	150	$822.1M	MDY, FNDA, DGRW, IOO, VSS
Q2 2024	138	$760.0M	MDY, FNDA, DGRW, IOO, VSS
Q1 2024	140	$739.8M	MDY, FNDA, DGRW, IOO, CAPE