Walkner Condon Financial Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Walkner Condon Financial Advisors LLC reported 299 stock positions worth $631.1 million. Its top holding was Ste STR SPDR PT DW Eu ETF (SPDW) at 5.8% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 5.1%) and iShares Core S&P 500 ETF (IVV, 3.7%). Compared with Q2 2025, it opened 37 new positions, sold out of 14, added to 153 and reduced 84. The biggest buy was SS SPDR BB Intl Treasury BD (BWX, shares +94%) and the biggest sale JPMorgan Intl BND ETF (JPIB, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0001817494
- Portfolio Value
- $631.1M (Q3 2025)
- SEC Filing
- 0001817494-25-000003 ↗ filed Oct 29, 2025
Holdings Value
Holdings 299 stocks · $631.1M
| SPDW Ste STR SPDR PT DW Eu ETF | 5.79% | 854,365 | $36.6M | Add +16.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 5.08% | 409,484 | $32.1M | Add +10.2% |
| IVV iShares Core S&P 500 ETF | 3.72% | 35,072 | $23.5M | Add +11.0% |
| JCPB JPMorgan Core Plus Bond ETF | 3.31% | 438,668 | $20.9M | Add +10.5% |
| LMBS First Trust Low Duration Opp | 2.69% | 340,384 | $16.9M | Add +10.7% |
| VOO Vanguard S&P 500 ETF | 2.55% | 26,243 | $16.1M | Add +0.2% |
| AAPL Apple Inc. | 2.44% | 60,586 | $15.4M | Add +2.0% |
| IJH iShares Core S&P Midcap ETF | 2.37% | 229,728 | $15.0M | Reduce -0.1% |
| LGOV First TR Long Duration O-ETF | 2.33% | 677,378 | $14.7M | Add +25.9% |
| VGK Vanguard Ftse Europe ETF | 2.27% | 179,907 | $14.3M | Add +1.8% |
| UCON First Trust Smith Unconstrai | 2.14% | 536,772 | $13.5M | Add +14.9% |
| FTCS First Trust Capital Strength | 1.99% | 134,338 | $12.6M | Add +19.6% |
| AVEM Avantis Emerging Markets Eq | 1.76% | 148,030 | $11.1M | Add +28.6% |
| RDVY First Trust Rising Dividend | 1.72% | 161,408 | $10.9M | Add +11.6% |
| SCHR Schwab Intermediate-Term US | 1.70% | 427,988 | $10.8M | Add +0.6% |
| MSFT Microsoft Corp. | 1.61% | 19,615 | $10.2M | Add +2.5% |
| BWX SS SPDR BB Intl Treasury BD | 1.46% | 399,349 | $9.2M | Add +94.5% |
| SCHX Schwab US Large-Cap ETF | 1.38% | 330,062 | $8.7M | Reduce -1.9% |
| GLDM SPDR Gold Minishares Trust | 1.36% | 112,613 | $8.6M | Add +16.6% |
| VPL Vanguard Ftse Pacific ETF | 1.28% | 92,309 | $8.1M | Add +1.4% |
| VEA Vanguard Ftse Developed ETF | 1.25% | 131,766 | $7.9M | Add +6.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.14% | 24,419 | $7.2M | Add +4.9% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.05% | 78,579 | $6.7M | Add +4.7% |
| VWO Vanguard Ftse Emerging Marke | 0.99% | 115,138 | $6.2M | Add +1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.97% | 9,209 | $6.1M | Reduce -10.5% |
| BWZ State Street SPDR Bloomberg | 0.97% | 219,051 | $6.1M | Add +22.3% |
| EWJ iShares MSCI Japan ETF | 0.94% | 74,047 | $5.9M | Add +32.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.90% | 22,263 | $5.7M | Reduce -2.6% |
| IJR iShares Core S&P Small-Cap E | 0.84% | 44,583 | $5.3M | Add +19.1% |
| NVDA Nvidia Corp. | 0.81% | 27,376 | $5.1M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 0.78% | 20,236 | $4.9M | Add +6.2% |
| CWI State Street SPDR MSCI Acwi | 0.76% | 136,585 | $4.8M | No change |
| ITOT iShares Core S&P Total U.S. | 0.71% | 30,822 | $4.5M | Add +115.2% |
| VGLT Vanguard Long-Term Treasury | 0.71% | 78,827 | $4.5M | Reduce -3.3% |
| USB US Bancorp | 0.67% | 87,199 | $4.2M | Add +0.1% |
| PYLD PIMCO Multisector Bond Actv | 0.64% | 151,271 | $4.1M | Add +15.1% |
| JEPI JPMorgan Equity Premium Inco | 0.62% | 68,661 | $3.9M | Reduce -10.3% |
| COST Costco Wholesale Corp. | 0.62% | 4,197 | $3.9M | Add +27.5% |
| USXF iShares ESG Advance MSCI USA | 0.60% | 66,329 | $3.8M | Reduce -1.7% |
| IWM iShares Russell 2000 ETF | 0.59% | 15,435 | $3.7M | Add +1.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.58% | 11,174 | $3.7M | Add +0.0% |
| JPST JPMorgan Ultra-Short Income | 0.58% | 71,965 | $3.6M | Add +13.0% |
| VSS Vanguard Ftse All Wo X-US SC | 0.56% | 24,732 | $3.5M | Add +2.2% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.53% | 43,882 | $3.3M | Add +0.6% |
| VIGI Vanguard Int Div App Indx FD | 0.52% | 36,382 | $3.3M | Reduce -1.1% |
| GLD SPDR Gold Shares | 0.50% | 8,850 | $3.1M | Reduce -2.0% |
| GLTR Abrdn Precious Metals Basket | 0.49% | 18,580 | $3.1M | Add +1.9% |
| AMZN Amazon.com Inc. | 0.48% | 13,786 | $3.0M | Add +7.5% |
| GUNR NT Mstar GLBL NR ETF | 0.47% | 68,121 | $3.0M | Reduce -0.6% |
| IAU iShares Gold Trust | 0.45% | 38,785 | $2.8M | Reduce -0.4% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.45% | 49,283 | $2.8M | Add +3.9% |
| BND Vanguard Total Bond Market | 0.44% | 37,569 | $2.8M | Reduce -5.2% |
| SPEM State Street SP PTF Em ETF | 0.44% | 59,645 | $2.8M | Reduce -4.1% |
| FTGC First Trust Global Tactical | 0.43% | 105,645 | $2.7M | Add +25.2% |
| ANET Arista Networks Inc. | 0.43% | 18,509 | $2.7M | Add +0.4% |
| USRT iShares Core US REIT ETF | 0.42% | 45,709 | $2.7M | Add +31.1% |
| FEZ State Street SPDR Euro Stoxx | 0.42% | 42,716 | $2.7M | Add +9.8% |
| VIG Vanguard Dividend Apprec ETF | 0.41% | 11,967 | $2.6M | Add +9.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.41% | 32,085 | $2.6M | Add +0.0% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.40% | 52,842 | $2.5M | Add +0.3% |
| VFMF Vanguard US Multifactor ETF | 0.39% | 17,223 | $2.5M | Add +0.8% |
| JIVE JPM Interntl Value ETF filed as J P MORGAN EXCHANGE TRADED F | 0.39% | 32,355 | $2.4M | Add +129.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.38% | 52,187 | $2.4M | Reduce -0.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.38% | 71,039 | $2.4M | Add +4.6% |
| SUB iShares Short-Term National | 0.36% | 21,481 | $2.3M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 0.36% | 3,054 | $2.2M | Add +16.2% |
| VYM Vanguard High DVD Yield ETF | 0.32% | 14,351 | $2.0M | Add +20.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 4,112 | $2.0M | Add +4.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.31% | 9,290 | $1.9M | Reduce -2.8% |
| XOM Exxon Mobil Corp. | 0.30% | 16,623 | $1.9M | Add +34.0% |
| SUSL iShares ESG MSCI USA Leaders | 0.29% | 15,822 | $1.9M | Reduce -17.7% |
| IEUR iShares Core MSCI Europe ETF | 0.29% | 26,685 | $1.8M | Add +6.7% |
| SCHO Schwab Short-Term US Treas | 0.29% | 74,194 | $1.8M | Reduce -9.8% |
| TSLA Tesla Inc. | 0.28% | 4,014 | $1.8M | Add +23.3% |
| SCHC Schwab Intl Small-Cap Equity | 0.28% | 38,650 | $1.8M | Add +0.3% |
| AVGO Broadcom Inc. | 0.27% | 5,101 | $1.7M | Add +29.3% |
| SLVP iShares MSCI Global Silver A | 0.26% | 60,765 | $1.7M | Add +1.2% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.26% | 32,261 | $1.6M | Add +94.0% |
| OUNZ Vaneck Merk Gold ETF | 0.26% | 44,296 | $1.6M | Add +1.4% |
| IWF iShares Russell 1000 Growth | 0.25% | 3,422 | $1.6M | Reduce -1.8% |
| GSLC Goldman Activebeta US LC ETF | 0.25% | 12,114 | $1.6M | New |
| EMNT PIMCO Enhcd St M-Active ESG | 0.24% | 15,433 | $1.5M | Add +11.8% |
| TCAF T Rowe PRC Cap Appreciation | 0.24% | 40,410 | $1.5M | Add +0.4% |
| VGIT Vanguard Intermediate-Term T | 0.24% | 25,253 | $1.5M | Reduce -16.0% |
| JPM JPMorgan Chase & Co. | 0.24% | 4,774 | $1.5M | Add +11.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 2,841 | $1.4M | Add +22.2% |
| IEMG iShares Core MSCI Emerging | 0.22% | 21,428 | $1.4M | Add +114.9% |
| BUFD FT VST Lad Deep Buf ETF-Usdi | 0.22% | 50,691 | $1.4M | Reduce -4.6% |
| JMUB JPMorgan Municipal ETF | 0.22% | 27,689 | $1.4M | Add +8.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 2,284 | $1.4M | Reduce -11.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.22% | 14,827 | $1.4M | Add +10.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 7,046 | $1.3M | Add +7.2% |
| FEMB First Trust Emerging Markets | 0.21% | 44,748 | $1.3M | Add +3.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.20% | 14,470 | $1.3M | Add +194.6% |
| SDVY First Trust Smid Cap Rising | 0.20% | 33,110 | $1.3M | Add +10.7% |
| PICB Invesco International Corpor | 0.19% | 51,401 | $1.2M | Add +1.9% |
| HDV iShares Core High Dividend E | 0.19% | 9,899 | $1.2M | Reduce -6.3% |
| SCZ iShares MSCI Eafe Small-Cap | 0.19% | 15,603 | $1.2M | Add +1.9% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.19% | 28,443 | $1.2M | Add +129.6% |
| VNQ Vanguard Real Estate ETF | 0.19% | 12,906 | $1.2M | Reduce -10.8% |
Portfolio Sells Q2 2025 → Q3 2025
| JPIB JPMorgan Intl BND ETF | Reduce -79.5% | 0.09% | −0.42 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.1% | 2.37% | −0.25 |
| TLH iShares 10-20 Year Treasury | Sold out | 0.00% | −0.22 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -10.5% | 0.97% | −0.20 |
| JEPI JPMorgan Equity Premium Inco | Reduce -10.3% | 0.62% | −0.18 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.9% | 1.38% | −0.14 |
| VGLT Vanguard Long-Term Treasury | Reduce -3.3% | 0.71% | −0.13 |
| UDI Uscf Dividend Income | Sold out | 0.00% | −0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.6% | 0.90% | −0.10 |
| BND Vanguard Total Bond Market | Reduce -5.2% | 0.44% | −0.09 |
| VIGI Vanguard Int Div App Indx FD | Reduce -1.1% | 0.52% | −0.09 |
| VGIT Vanguard Intermediate-Term T | Reduce -16.0% | 0.24% | −0.09 |
| SUSL iShares ESG MSCI USA Leaders | Reduce -17.7% | 0.29% | −0.09 |
| EMXF iShares ESG Adv MSCI Em ETF | Reduce -26.5% | 0.17% | −0.09 |
| SCHO Schwab Short-Term US Treas | Reduce -9.8% | 0.29% | −0.08 |
| ESIX SS SPDR S&P 600 SC ESG ETF | Sold out | 0.00% | −0.08 |
| USXF iShares ESG Advance MSCI USA | Reduce -1.7% | 0.60% | −0.07 |
| TBLU Managed Portfolio Series | Sold out | 0.00% | −0.07 |
| AGGY Wisdomtree Yield Enhanced US | Sold out | 0.00% | −0.06 |
| SUB iShares Short-Term National | Reduce -0.8% | 0.36% | −0.06 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.06 |
| BGRN iShares Usd Green Bond ETF | Reduce -18.2% | 0.13% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -10.8% | 0.19% | −0.05 |
| SPEM State Street SP PTF Em ETF | Reduce -4.1% | 0.44% | −0.05 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -11.6% | 0.22% | −0.05 |
| USFR Wisdomtree Floating Rate Tre | Reduce -47.2% | 0.04% | −0.04 |
| RDVI FT Vest Rising Dividend Achi | Sold out | 0.00% | −0.04 |
| DXYZ Destiny TECH100 Inc. | Sold out | 0.00% | −0.04 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.04 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.04 |
| JPEM JPM Diversified Ret Em Equit | Sold out | 0.00% | −0.04 |
| BUFD FT VST Lad Deep Buf ETF-Usdi | Reduce -4.6% | 0.22% | −0.04 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.04 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.04 |
| HDV iShares Core High Dividend E | Reduce -6.3% | 0.19% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.8% | 0.31% | −0.04 |
| SGOV iShares 0-3 Month Treasury B | Reduce -21.4% | 0.07% | −0.03 |
| CRM Salesforce Inc. | Reduce -6.8% | 0.08% | −0.03 |
| GUNR NT Mstar GLBL NR ETF | Reduce -0.6% | 0.47% | −0.03 |
| HYXF iShares ESG Adv High Yield | Reduce -27.3% | 0.06% | −0.03 |
| FIXD First Trust Smith Opportunis | Reduce -9.4% | 0.12% | −0.03 |
| DFAR Dimensional US Real Est ETF | Reduce -20.7% | 0.07% | −0.03 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -0.6% | 0.38% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -33.4% | 0.04% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.7% | 0.10% | −0.03 |
| FIW First Trust Water ETF | Reduce -21.0% | 0.06% | −0.02 |
| DFEB FT Vest U.S. Equity Deep Buf | Reduce -11.3% | 0.09% | −0.02 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -10.6% | 0.11% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Reduce -6.4% | 0.13% | −0.02 |
| AMD Advanced Micro Devices | Reduce -35.4% | 0.04% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| BWX SS SPDR BB Intl Treasury BD | Add +94.5% | 1.46% | +0.57 |
| ITOT iShares Core S&P Total U.S. | Add +115.2% | 0.71% | +0.36 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +16.5% | 5.79% | +0.33 |
| AVEM Avantis Emerging Markets Eq | Add +28.6% | 1.76% | +0.31 |
| GSLC Goldman Activebeta US LC ETF | New | 0.25% | +0.25 |
| LGOV First TR Long Duration O-ETF | Add +25.9% | 2.33% | +0.21 |
| JIVE JPM Interntl Value ETF | Add +129.1% | 0.39% | +0.21 |
| AAPL Apple Inc. | Add +2.0% | 2.44% | +0.20 |
| GLDM SPDR Gold Minishares Trust | Add +16.6% | 1.36% | +0.20 |
| MFDX PIMCO Rafi Dynamic Multi-Fac | New | 0.17% | +0.17 |
| EWJ iShares MSCI Japan ETF | Add +32.3% | 0.94% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +6.2% | 0.78% | +0.16 |
| AGG iShares Core U.S. Aggregate | New | 0.16% | +0.16 |
| IEFA iShares Core MSCI Eafe ETF | Add +194.6% | 0.20% | +0.12 |
| MFEM PIMCO Rafi Dynamic Multi-Fac | New | 0.12% | +0.12 |
| IEMG iShares Core MSCI Emerging | Add +114.9% | 0.22% | +0.11 |
| FTCS First Trust Capital Strength | Add +19.6% | 1.99% | +0.11 |
| TOUS T Rowe PRC International Eq | New | 0.11% | +0.11 |
| IVV iShares Core S&P 500 ETF | Add +11.0% | 3.72% | +0.11 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +10.2% | 5.08% | +0.11 |
| JMST JPM Ultra-Short Muni Income | Add +94.0% | 0.26% | +0.10 |
| CGDV Cap Group Dividend Value | Add +129.6% | 0.19% | +0.10 |
| TSLA Tesla Inc. | Add +23.3% | 0.28% | +0.09 |
| IJR iShares Core S&P Small-Cap E | Add +19.1% | 0.84% | +0.09 |
| MFUS PIMCO Rafi Dynamic Multi-Fac | New | 0.08% | +0.08 |
| VONG Vanguard Russell 1000 Growth | New | 0.08% | +0.08 |
| ANET Arista Networks Inc. | Add +0.4% | 0.43% | +0.08 |
| RAFE PIMCO Rafi ESG US ETF | New | 0.08% | +0.08 |
| AVSE Avantis Resp Emerg MKTS Eq-E | New | 0.07% | +0.07 |
| AVGO Broadcom Inc. | Add +29.3% | 0.27% | +0.07 |
| SLVP iShares MSCI Global Silver A | Add +1.2% | 0.26% | +0.07 |
| CGBL Cap Group Core Balanced | New | 0.06% | +0.06 |
| USRT iShares Core US REIT ETF | Add +31.1% | 0.42% | +0.06 |
| CBRE CBRE Group Inc. Class A | New | 0.06% | +0.06 |
| PH Parker Hannifin Corp. | New | 0.06% | +0.06 |
| XOM Exxon Mobil Corp. | Add +34.0% | 0.30% | +0.05 |
| FTGC First Trust Global Tactical | Add +25.2% | 0.43% | +0.05 |
| RDVY First Trust Rising Dividend | Add +11.6% | 1.72% | +0.05 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| BWZ State Street SPDR Bloomberg | Add +22.3% | 0.97% | +0.04 |
| ACN Accenture PLC Class A | New | 0.04% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | Add +14.4% | 0.12% | +0.04 |
| TXN Texas Instruments Inc. | New | 0.04% | +0.04 |
| BX Blackstone Inc. | New | 0.04% | +0.04 |
| RING iShares MSCI Global Gold Min | New | 0.04% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +19.7% | 0.14% | +0.04 |
| PSCE Invesco S&P Smallcap Energy | New | 0.04% | +0.04 |
| TTE Totalenergies SE -Spon ADR | New | 0.04% | +0.04 |
| LOW Lowe's Cos Inc. | New | 0.04% | +0.04 |
| PHO Invesco Water Resources ETF | New | 0.04% | +0.04 |
Notes & Other Activity Q2 2025 → Q3 2025
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Sold out | 2,594 | $314Kbefore exit |
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 |