Walkner Condon Financial Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Walkner Condon Financial Advisors LLC reported 276 stock positions worth $543.1 million. Its top holding was Ste STR SPDR PT DW Eu ETF (SPDW) at 5.5% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 5.0%) and iShares Core S&P 500 ETF (IVV, 3.6%). Compared with Q1 2025, it opened 22 new positions, sold out of 13, added to 133 and reduced 97. The biggest buy was SS SPDR BB Intl Treasury BD (BWX, shares +120%) and the biggest sale First TR Long Duration O-ETF (LGOV, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0001817494
- Portfolio Value
- $543.1M (Q2 2025)
- SEC Filing
- 0001085146-25-004588 ↗ filed Aug 6, 2025
Holdings Value
Holdings 276 stocks · $543.1M
| SPDW Ste STR SPDR PT DW Eu ETF | 5.47% | 733,191 | $29.7M | Add +7.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.98% | 371,718 | $27.0M | Add +7.8% |
| IVV iShares Core S&P 500 ETF | 3.61% | 31,590 | $19.6M | Add +0.1% |
| JCPB JPMorgan Core Plus Bond ETF | 3.44% | 396,917 | $18.7M | Add +1.8% |
| LMBS First Trust Low Duration Opp | 2.79% | 307,531 | $15.1M | Add +10.2% |
| VOO Vanguard S&P 500 ETF | 2.74% | 26,184 | $14.9M | Reduce -7.7% |
| IJH iShares Core S&P Midcap ETF | 2.63% | 229,926 | $14.3M | Add +11.1% |
| VGK Vanguard Ftse Europe ETF | 2.52% | 176,679 | $13.7M | Reduce -0.4% |
| AAPL Apple Inc. | 2.24% | 59,387 | $12.2M | Reduce -0.5% |
| UCON First Trust Smith Unconstrai | 2.14% | 467,120 | $11.6M | Reduce -4.6% |
| LGOV First TR Long Duration O-ETF | 2.12% | 538,046 | $11.5M | Reduce -8.6% |
| SCHR Schwab Intermediate-Term US | 1.96% | 425,395 | $10.6M | Add +7.1% |
| FTCS First Trust Capital Strength | 1.88% | 112,310 | $10.2M | Add +7.0% |
| MSFT Microsoft Corp. | 1.75% | 19,138 | $9.5M | Add +2.2% |
| RDVY First Trust Rising Dividend | 1.67% | 144,587 | $9.1M | Add +5.8% |
| SCHX Schwab US Large-Cap ETF | 1.51% | 336,281 | $8.2M | Add +7.3% |
| AVEM Avantis Emerging Markets Eq | 1.45% | 115,120 | $7.9M | Add +11.8% |
| VPL Vanguard Ftse Pacific ETF | 1.38% | 91,000 | $7.5M | Add +0.9% |
| VEA Vanguard Ftse Developed ETF | 1.30% | 123,713 | $7.0M | Add +6.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.20% | 23,278 | $6.5M | Add +1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.17% | 10,294 | $6.4M | Add +4.5% |
| GLDM SPDR Gold Minishares Trust | 1.17% | 96,609 | $6.3M | Add +1.6% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.11% | 75,027 | $6.0M | Add +6.7% |
| VWO Vanguard Ftse Emerging Marke | 1.04% | 113,707 | $5.6M | Add +3.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.00% | 22,864 | $5.4M | Reduce -6.5% |
| BWZ State Street SPDR Bloomberg | 0.93% | 179,140 | $5.0M | Add +12.6% |
| BWX SS SPDR BB Intl Treasury BD | 0.89% | 205,328 | $4.8M | Add +119.9% |
| VGLT Vanguard Long-Term Treasury | 0.84% | 81,494 | $4.6M | Add +12.9% |
| CWI State Street SPDR MSCI Acwi | 0.82% | 136,585 | $4.5M | Add +1.4% |
| NVDA Nvidia Corp. | 0.81% | 27,737 | $4.4M | Reduce -0.9% |
| JEPI JPMorgan Equity Premium Inco | 0.80% | 76,572 | $4.4M | Reduce -23.4% |
| EWJ iShares MSCI Japan ETF | 0.77% | 55,981 | $4.2M | Add +17.1% |
| IJR iShares Core S&P Small-Cap E | 0.75% | 37,417 | $4.1M | Add +15.5% |
| USB US Bancorp | 0.73% | 87,145 | $3.9M | Reduce -1.4% |
| USXF iShares ESG Advance MSCI USA | 0.67% | 67,502 | $3.6M | Add +0.2% |
| PYLD PIMCO Multisector Bond Actv | 0.64% | 131,485 | $3.5M | Add +16.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.63% | 11,173 | $3.4M | Add +44.2% |
| GOOGL Alphabet Inc. Class A | 0.62% | 19,059 | $3.4M | Reduce -4.6% |
| VIGI Vanguard Int Div App Indx FD | 0.61% | 36,778 | $3.3M | Reduce -7.2% |
| IWM iShares Russell 2000 ETF | 0.60% | 15,221 | $3.3M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 0.60% | 3,292 | $3.3M | Add +2.3% |
| VSS Vanguard Ftse All Wo X-US SC | 0.60% | 24,207 | $3.3M | Reduce -7.0% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.60% | 43,623 | $3.2M | Add +2.3% |
| JPST JPMorgan Ultra-Short Income | 0.59% | 63,668 | $3.2M | Add +12.6% |
| BND Vanguard Total Bond Market | 0.54% | 39,609 | $2.9M | Reduce -6.6% |
| AMZN Amazon.com Inc. | 0.52% | 12,823 | $2.8M | Add +7.3% |
| JPIB JPMorgan Intl BND ETF | 0.51% | 57,125 | $2.8M | Add +23.9% |
| GLD SPDR Gold Shares | 0.51% | 9,030 | $2.8M | Reduce -0.0% |
| GUNR NT Mstar GLBL NR ETF | 0.51% | 68,524 | $2.7M | Add +5.8% |
| SPEM State Street SP PTF Em ETF | 0.49% | 62,198 | $2.7M | Reduce -13.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.47% | 47,425 | $2.6M | Reduce -8.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.47% | 32,074 | $2.5M | Add +0.1% |
| GLTR Abrdn Precious Metals Basket | 0.46% | 18,229 | $2.5M | Add +1.5% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.45% | 52,675 | $2.4M | Reduce -0.8% |
| IAU iShares Gold Trust | 0.45% | 38,931 | $2.4M | Reduce -9.2% |
| FEZ State Street SPDR Euro Stoxx | 0.43% | 38,911 | $2.3M | Add +55.1% |
| SUB iShares Short-Term National | 0.42% | 21,649 | $2.3M | Reduce -11.2% |
| VFMF Vanguard US Multifactor ETF | 0.42% | 17,090 | $2.3M | Reduce -19.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.41% | 52,512 | $2.2M | Reduce -18.0% |
| VIG Vanguard Dividend Apprec ETF | 0.41% | 10,892 | $2.2M | Reduce -4.8% |
| FTGC First Trust Global Tactical | 0.38% | 84,401 | $2.1M | Add +14.9% |
| SUSL iShares ESG MSCI USA Leaders | 0.38% | 19,217 | $2.1M | Reduce -1.3% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.38% | 67,935 | $2.0M | Add +12.0% |
| SCHO Schwab Short-Term US Treas | 0.37% | 82,257 | $2.0M | Reduce -31.1% |
| USRT iShares Core US REIT ETF | 0.36% | 34,872 | $2.0M | Add +22.5% |
| META Meta Platforms Inc. Class A | 0.36% | 2,629 | $1.9M | Add +4.1% |
| ITOT iShares Core S&P Total U.S. | 0.36% | 14,326 | $1.9M | Add +1.7% |
| ANET Arista Networks Inc. | 0.35% | 18,439 | $1.9M | Add +0.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.34% | 9,553 | $1.9M | Reduce -22.0% |
| VGIT Vanguard Intermediate-Term T | 0.33% | 30,070 | $1.8M | Add +48.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.32% | 3,955 | $1.7M | Add +4.1% |
| IEUR iShares Core MSCI Europe ETF | 0.30% | 25,000 | $1.7M | Add +5.2% |
| SCHC Schwab Intl Small-Cap Equity | 0.30% | 38,534 | $1.6M | Add +12.9% |
| VYM Vanguard High DVD Yield ETF | 0.29% | 11,890 | $1.6M | Reduce -2.4% |
| IWF iShares Russell 1000 Growth | 0.27% | 3,483 | $1.5M | Add +2.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 2,583 | $1.4M | Add +1.7% |
| TCAF T Rowe PRC Cap Appreciation | 0.26% | 40,260 | $1.4M | Reduce -10.7% |
| BUFD FT VST Lad Deep Buf ETF-Usdi | 0.26% | 53,124 | $1.4M | Reduce -25.7% |
| EMXF iShares ESG Adv MSCI Em ETF | 0.26% | 32,755 | $1.4M | Reduce -10.6% |
| OUNZ Vaneck Merk Gold ETF | 0.26% | 43,664 | $1.4M | Add +4.9% |
| EMNT PIMCO Enhcd St M-Active ESG | 0.25% | 13,810 | $1.4M | Add +27.9% |
| XOM Exxon Mobil Corp. | 0.25% | 12,401 | $1.3M | Reduce -10.0% |
| VNQ Vanguard Real Estate ETF | 0.24% | 14,461 | $1.3M | Reduce -5.9% |
| JMUB JPMorgan Municipal ETF | 0.23% | 25,508 | $1.3M | Add +4.2% |
| FEMB First Trust Emerging Markets | 0.23% | 43,439 | $1.3M | Add +9.5% |
| HDV iShares Core High Dividend E | 0.23% | 10,569 | $1.2M | Reduce -19.4% |
| JPM JPMorgan Chase & Co. | 0.23% | 4,270 | $1.2M | Add +23.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.23% | 13,399 | $1.2M | Add +11.9% |
| TLH iShares 10-20 Year Treasury | 0.22% | 12,015 | $1.2M | New |
| PICB Invesco International Corpor | 0.22% | 50,443 | $1.2M | Reduce -0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 6,571 | $1.2M | Add +5.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.21% | 2,325 | $1.1M | Add +1.4% |
| SCZ iShares MSCI Eafe Small-Cap | 0.20% | 15,309 | $1.1M | Add +4.0% |
| NFLX Netflix Inc. | 0.20% | 813 | $1.1M | Add +4.1% |
| AVGO Broadcom Inc. | 0.20% | 3,944 | $1.1M | Add +1.0% |
| SLVP iShares MSCI Global Silver A | 0.20% | 60,053 | $1.1M | Add +13.8% |
| SDVY First Trust Smid Cap Rising | 0.19% | 29,910 | $1.1M | Reduce -36.4% |
| TSLA Tesla Inc. | 0.19% | 3,255 | $1.0M | Add +14.9% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.19% | 19,139 | $1.0M | New |
| BGRN iShares Usd Green Bond ETF | 0.18% | 20,600 | $982K | Reduce -12.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $314K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 2,594 | $314K | New |
Total filed on the 13F, all lines: $543.4M.
Portfolio Sells Q1 2025 → Q2 2025
| LGOV First TR Long Duration O-ETF | Reduce -8.6% | 2.12% | −0.44 |
| AAPL Apple Inc. | Reduce -0.5% | 2.24% | −0.44 |
| TBIL F/M US Treasury 3 Month Bill | Sold out | 0.00% | −0.37 |
| JEPI JPMorgan Equity Premium Inco | Reduce -23.4% | 0.80% | −0.35 |
| UCON First Trust Smith Unconstrai | Reduce -4.6% | 2.14% | −0.31 |
| SCHO Schwab Short-Term US Treas | Reduce -31.1% | 0.37% | −0.22 |
| VOO Vanguard S&P 500 ETF | Reduce -7.7% | 2.74% | −0.21 |
| SDVY First Trust Smid Cap Rising | Reduce -36.4% | 0.19% | −0.12 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -22.0% | 0.34% | −0.12 |
| VFMF Vanguard US Multifactor ETF | Reduce -19.4% | 0.42% | −0.12 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -18.0% | 0.41% | −0.12 |
| BUFD FT VST Lad Deep Buf ETF-Usdi | Reduce -25.7% | 0.26% | −0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -6.5% | 1.00% | −0.10 |
| SUB iShares Short-Term National | Reduce -11.2% | 0.42% | −0.10 |
| HDV iShares Core High Dividend E | Reduce -19.4% | 0.23% | −0.09 |
| BND Vanguard Total Bond Market | Reduce -6.6% | 0.54% | −0.09 |
| HYXF iShares ESG Adv High Yield | Reduce -46.2% | 0.09% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -10.0% | 0.25% | −0.09 |
| SPEM State Street SP PTF Em ETF | Reduce -13.7% | 0.49% | −0.08 |
| PDBC Invesco Optimum Yield Divers | Reduce -25.0% | 0.14% | −0.07 |
| RWO State Street SPDR Dow Jones | Sold out | 0.00% | −0.07 |
| FMB First Trust Managed Municipa | Sold out | 0.00% | −0.07 |
| FTSL First Trust Senior Loan ETF | Sold out | 0.00% | −0.07 |
| IAU iShares Gold Trust | Reduce -9.2% | 0.45% | −0.06 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -8.8% | 0.47% | −0.06 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -49.9% | 0.06% | −0.06 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Sold out | 0.00% | −0.06 |
| SCHA Schwab US Small-Cap ETF | Reduce -51.8% | 0.05% | −0.06 |
| VIGI Vanguard Int Div App Indx FD | Reduce -7.2% | 0.61% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Reduce -11.4% | 0.17% | −0.05 |
| FSIG FT Ltd. Duration Inv Grade | Sold out | 0.00% | −0.05 |
| FAAR First Trust Alt Abs Ret ETF | Sold out | 0.00% | −0.05 |
| RING iShares MSCI Global Gold Min | Sold out | 0.00% | −0.05 |
| TIDAL TRUST II | Sold out | 0.00% | −0.05 |
| UFO Procure Space ETF | Sold out | 0.00% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -7.6% | 0.05% | −0.05 |
| SHYD Vaneck SH Hi YLD Muni | Sold out | 0.00% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -5.9% | 0.24% | −0.04 |
| BGRN iShares Usd Green Bond ETF | Reduce -12.1% | 0.18% | −0.04 |
| CGGO Cap Group Global Growth | Reduce -30.0% | 0.11% | −0.04 |
| PBTP Invesco 0-5 YR US Tips ETF | Sold out | 0.00% | −0.04 |
| DGRO iShares Core Dividend Growth | Reduce -18.6% | 0.14% | −0.04 |
| BCI Abrdn Bloomberg All Commodit | Reduce -16.3% | 0.12% | −0.04 |
| SCHH Schwab US REIT ETF | Reduce -15.5% | 0.13% | −0.04 |
| MTGP Wisdomtree Mtge Plus Bond | Sold out | 0.00% | −0.04 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.8% | 0.41% | −0.04 |
| UDI Uscf Dividend Income | Reduce -20.1% | 0.10% | −0.04 |
| USFR Wisdomtree Floating Rate Tre | Reduce -22.5% | 0.08% | −0.03 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -10.7% | 0.26% | −0.03 |
| GWX State Street SPDR S&P Intern | Reduce -21.0% | 0.16% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| BWX SS SPDR BB Intl Treasury BD | Add +119.9% | 0.89% | +0.48 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +7.1% | 5.47% | +0.43 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +7.8% | 4.98% | +0.39 |
| MSFT Microsoft Corp. | Add +2.2% | 1.75% | +0.33 |
| TLH iShares 10-20 Year Treasury | New | 0.22% | +0.22 |
| AVEM Avantis Emerging Markets Eq | Add +11.8% | 1.45% | +0.20 |
| VTI VG Morningstar TS MKT ETF-US | Add +44.2% | 0.63% | +0.19 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.19% | +0.19 |
| IJH iShares Core S&P Midcap ETF | Add +11.1% | 2.63% | +0.18 |
| FEZ State Street SPDR Euro Stoxx | Add +55.1% | 0.43% | +0.15 |
| SCHX Schwab US Large-Cap ETF | Add +7.3% | 1.51% | +0.11 |
| EWJ iShares MSCI Japan ETF | Add +17.1% | 0.77% | +0.11 |
| VEA Vanguard Ftse Developed ETF | Add +6.3% | 1.30% | +0.10 |
| VGIT Vanguard Intermediate-Term T | Add +48.6% | 0.33% | +0.09 |
| ASTS Ast Spacemobile Inc. | New | 0.09% | +0.09 |
| JIVE JPM Interntl Value ETF | Add +79.4% | 0.18% | +0.08 |
| BWZ State Street SPDR Bloomberg | Add +12.6% | 0.93% | +0.08 |
| HOOD Robinhood Markets Inc. Class A | New | 0.08% | +0.08 |
| AVGO Broadcom Inc. | Add +1.0% | 0.20% | +0.07 |
| IJR iShares Core S&P Small-Cap E | Add +15.5% | 0.75% | +0.07 |
| BSV Vanguard Short-Term Bond ETF | New | 0.07% | +0.07 |
| JPIB JPMorgan Intl BND ETF | Add +23.9% | 0.51% | +0.06 |
| META Meta Platforms Inc. Class A | Add +4.1% | 0.36% | +0.06 |
| ANET Arista Networks Inc. | Add +0.7% | 0.35% | +0.06 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +6.7% | 1.11% | +0.06 |
| AMZN Amazon.com Inc. | Add +7.3% | 0.52% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +23.8% | 0.23% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.5% | 1.17% | +0.06 |
| AMD Advanced Micro Devices | New | 0.06% | +0.06 |
| VPL Vanguard Ftse Pacific ETF | Add +0.9% | 1.38% | +0.05 |
| SCHC Schwab Intl Small-Cap Equity | Add +12.9% | 0.30% | +0.05 |
| NFLX Netflix Inc. | Add +4.1% | 0.20% | +0.05 |
| RDVY First Trust Rising Dividend | Add +5.8% | 1.67% | +0.05 |
| BLK BlackRock Inc. | New | 0.05% | +0.05 |
| FCX Freeport-McMoran Inc. | New | 0.04% | +0.04 |
| KLAC KLA Corp. | New | 0.04% | +0.04 |
| ABT Abbott Laboratories | New | 0.04% | +0.04 |
| TSLA Tesla Inc. | Add +14.9% | 0.19% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | Add +15.4% | 0.15% | +0.04 |
| MS Morgan Stanley | New | 0.04% | +0.04 |
| GE General Electric | New | 0.04% | +0.04 |
| LRCX Lam Research Corp. | New | 0.04% | +0.04 |
| PYLD PIMCO Multisector Bond Actv | Add +16.4% | 0.64% | +0.04 |
| FKU First Trust United Kingdom | New | 0.04% | +0.04 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.04% | +0.04 |
| BITB Bitwise Bitcoin ETF | Add +10.5% | 0.17% | +0.04 |
| PFE Pfizer Inc. | New | 0.04% | +0.04 |
| QUAL iShares MSCI USA Quality Fac | New | 0.04% | +0.04 |
| FDN First Trust DJ Internet Ind | New | 0.04% | +0.04 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +12.0% | 0.38% | +0.04 |
Notes & Other Activity Q1 2025 → Q2 2025
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 2,594 | $314K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 343 | $868.1M | SPDW, SPYM, JCPB, IJH, IVV |
| Q1 2026 | 322 | $758.7M | SPDW, SPYM, JCPB, IVV, LMBS |
| Q4 2025 | 308 | $720.0M | SPDW, SPYM, JCPB, IVV, LMBS |
| Q3 2025 | 299 | $631.1M | SPDW, SPYM, IVV, JCPB, LMBS |
| Q2 2025 | 276 | $543.1M | SPDW, SPYM, IVV, JCPB, LMBS |
| Q1 2025 | 267 | $494.4M | SPDW, SPYM, JCPB, IVV, VOO |
| Q4 2024 | 282 | $492.2M | SPYM, IVV, VOO, SPDW, AAPL |
| Q3 2024 | 265 | $490.1M | SPYM, IVV, SPDW, VOO, JCPB |
| Q2 2024Amended | 255 | $463.4M | SPYM, IVV, SPDW, FTCS, VOO |
| Q1 2024 | 266 | $471.4M | SPYM, IVV, SPDW, FTCS, VOO |