Walkner Condon Financial Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Walkner Condon Financial Advisors LLC reported 308 stock positions worth $720.0 million. Its top holding was Ste STR SPDR PT DW Eu ETF (SPDW) at 6.9% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 5.6%) and JPMorgan Core Plus Bond ETF (JCPB, 3.4%). Compared with Q3 2025, it opened 21 new positions, sold out of 12, added to 178 and reduced 87. The biggest buy was Ste STR SPDR PT DW Eu ETF (SPDW, shares +32%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0001817494
- Portfolio Value
- $720.0M (Q4 2025)
- SEC Filing
- 0001817494-26-000001 ↗ filed Jan 21, 2026
Holdings Value
Holdings 308 stocks · $720.0M
| SPDW Ste STR SPDR PT DW Eu ETF | 6.93% | 1,123,883 | $49.9M | Add +31.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 5.64% | 505,783 | $40.6M | Add +23.5% |
| JCPB JPMorgan Core Plus Bond ETF | 3.44% | 522,904 | $24.8M | Add +19.2% |
| IVV iShares Core S&P 500 ETF | 3.29% | 34,553 | $23.7M | Reduce -1.5% |
| LMBS First Trust Low Duration Opp | 2.92% | 420,927 | $21.0M | Add +23.7% |
| IJH iShares Core S&P Midcap ETF | 2.63% | 287,218 | $19.0M | Add +25.0% |
| LGOV First TR Long Duration O-ETF | 2.55% | 842,312 | $18.4M | Add +24.4% |
| UCON First Trust Smith Unconstrai | 2.34% | 668,341 | $16.8M | Add +24.5% |
| AAPL Apple Inc. | 2.27% | 60,177 | $16.4M | Reduce -0.7% |
| FTCS First Trust Capital Strength | 2.26% | 175,919 | $16.3M | Add +30.9% |
| VOO Vanguard S&P 500 ETF | 2.23% | 25,584 | $16.0M | Reduce -2.5% |
| VGK Vanguard Ftse Europe ETF | 2.13% | 183,462 | $15.3M | Add +2.0% |
| AVEM Avantis Emerging Markets Eq | 2.13% | 198,732 | $15.3M | Add +34.3% |
| RDVY First Trust Rising Dividend | 1.98% | 204,867 | $14.2M | Add +26.9% |
| SCHR Schwab Intermediate-Term US | 1.51% | 433,231 | $10.9M | Add +1.2% |
| GLDM SPDR Gold Minishares Trust | 1.49% | 125,309 | $10.7M | Add +11.3% |
| BWX SS SPDR BB Intl Treasury BD | 1.44% | 460,268 | $10.4M | Add +15.3% |
| MSFT Microsoft Corp. | 1.38% | 20,499 | $9.9M | Add +4.5% |
| SCHX Schwab US Large-Cap ETF | 1.21% | 322,496 | $8.7M | Reduce -2.3% |
| VEA Vanguard Ftse Developed ETF | 1.20% | 137,817 | $8.6M | Add +4.6% |
| VPL Vanguard Ftse Pacific ETF | 1.16% | 92,066 | $8.3M | Reduce -0.3% |
| EWJ iShares MSCI Japan ETF | 1.09% | 97,481 | $7.9M | Add +31.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.98% | 24,211 | $7.0M | Reduce -0.8% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.98% | 78,035 | $7.0M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 0.97% | 22,278 | $7.0M | Add +10.1% |
| IJR iShares Core S&P Small-Cap E | 0.92% | 55,319 | $6.6M | Add +24.1% |
| BWZ State Street SPDR Bloomberg | 0.89% | 233,213 | $6.4M | Add +6.5% |
| VWO Vanguard Ftse Emerging Marke | 0.87% | 117,050 | $6.3M | Add +1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.86% | 9,110 | $6.2M | Reduce -1.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.82% | 22,795 | $5.9M | Add +2.4% |
| CWI State Street SPDR MSCI Acwi | 0.69% | 139,004 | $5.0M | Add +1.8% |
| PYLD PIMCO Multisector Bond Actv | 0.69% | 186,022 | $5.0M | Add +23.0% |
| NVDA Nvidia Corp. | 0.66% | 25,483 | $4.8M | Reduce -6.9% |
| USB US Bancorp | 0.65% | 87,270 | $4.7M | Add +0.1% |
| JPST JPMorgan Ultra-Short Income | 0.58% | 82,764 | $4.2M | Add +15.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.56% | 44,120 | $4.0M | Add +197.6% |
| USXF iShares ESG Advance MSCI USA | 0.55% | 68,524 | $3.9M | Add +3.3% |
| VGLT Vanguard Long-Term Treasury | 0.55% | 70,447 | $3.9M | Reduce -10.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.53% | 74,832 | $3.8M | Add +132.0% |
| GLTR Abrdn Precious Metals Basket | 0.53% | 18,511 | $3.8M | Reduce -0.4% |
| IWM iShares Russell 2000 ETF | 0.53% | 15,415 | $3.8M | Reduce -0.1% |
| JIVE JPM Interntl Value ETF filed as J P MORGAN EXCHANGE TRADED F | 0.51% | 46,095 | $3.7M | Add +42.5% |
| VSS Vanguard Ftse All Wo X-US SC | 0.51% | 25,697 | $3.7M | Add +3.9% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.50% | 47,802 | $3.6M | Add +8.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.50% | 10,688 | $3.6M | Reduce -4.3% |
| JEPI JPMorgan Equity Premium Inco | 0.50% | 62,355 | $3.6M | Reduce -9.2% |
| GLD SPDR Gold Shares | 0.49% | 8,856 | $3.5M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.48% | 4,033 | $3.5M | Reduce -3.9% |
| USEW Cambria US Ew ETF | 0.47% | 67,215 | $3.4M | New |
| USRT iShares Core US REIT ETF | 0.47% | 59,472 | $3.4M | Add +30.1% |
| FTGC First Trust Global Tactical | 0.46% | 142,317 | $3.3M | Add +34.7% |
| VIGI Vanguard Int Div App Indx FD | 0.45% | 35,677 | $3.3M | Reduce -1.9% |
| GUNR NT Mstar GLBL NR ETF | 0.44% | 68,648 | $3.1M | Add +0.8% |
| ITOT iShares Core S&P Total U.S. | 0.43% | 20,983 | $3.1M | Reduce -31.9% |
| IAU iShares Gold Trust | 0.43% | 38,213 | $3.1M | Reduce -1.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.40% | 50,295 | $2.9M | Add +2.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.40% | 36,289 | $2.9M | Add +13.1% |
| VIG Vanguard Dividend Apprec ETF | 0.40% | 13,142 | $2.9M | Add +9.8% |
| SPEM State Street SP PTF Em ETF | 0.40% | 61,536 | $2.9M | Add +3.2% |
| AMZN Amazon.com Inc. | 0.40% | 12,377 | $2.9M | Reduce -10.2% |
| SGOV iShares 0-3 Month Treasury B | 0.39% | 28,288 | $2.8M | Add +517.1% |
| FEZ State Street SPDR Euro Stoxx | 0.38% | 42,044 | $2.7M | Reduce -1.6% |
| BND Vanguard Total Bond Market | 0.37% | 35,949 | $2.7M | Reduce -4.3% |
| VFMF Vanguard US Multifactor ETF | 0.37% | 17,461 | $2.6M | Add +1.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.35% | 53,075 | $2.5M | Add +1.7% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.34% | 53,401 | $2.4M | Add +1.1% |
| ANET Arista Networks Inc. | 0.34% | 18,593 | $2.4M | Add +0.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.32% | 71,435 | $2.3M | Add +0.6% |
| VGIT Vanguard Intermediate-Term T | 0.32% | 38,298 | $2.3M | Add +51.7% |
| SUB iShares Short-Term National | 0.32% | 21,406 | $2.3M | Reduce -0.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.30% | 4,372 | $2.1M | Add +6.3% |
| XOM Exxon Mobil Corp. | 0.29% | 17,357 | $2.1M | Add +4.4% |
| SLVP iShares MSCI Global Silver A | 0.29% | 60,801 | $2.1M | Add +0.1% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.29% | 47,039 | $2.1M | Add +65.4% |
| SUSL iShares ESG MSCI USA Leaders | 0.28% | 16,901 | $2.0M | Add +6.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.27% | 9,172 | $1.9M | Reduce -1.3% |
| VYM Vanguard High DVD Yield ETF | 0.27% | 13,419 | $1.9M | Reduce -6.5% |
| IEUR iShares Core MSCI Europe ETF | 0.27% | 27,060 | $1.9M | Add +1.4% |
| AVGO Broadcom Inc. | 0.26% | 5,452 | $1.9M | Add +6.9% |
| SCHO Schwab Short-Term US Treas | 0.25% | 75,117 | $1.8M | Add +1.2% |
| OUNZ Vaneck Merk Gold ETF | 0.25% | 43,123 | $1.8M | Reduce -2.6% |
| GOOG Alphabet Inc. Class C | 0.24% | 5,499 | $1.7M | Add +26.6% |
| META Meta Platforms Inc. Class A | 0.23% | 2,555 | $1.7M | Reduce -16.3% |
| TSLA Tesla Inc. | 0.23% | 3,748 | $1.7M | Reduce -6.6% |
| BUFD FT VST Lad Deep Buf ETF-Usdi | 0.23% | 59,252 | $1.7M | Add +16.9% |
| IWF iShares Russell 1000 Growth | 0.23% | 3,465 | $1.6M | Add +1.3% |
| JPM JPMorgan Chase & Co. | 0.22% | 5,024 | $1.6M | Add +5.2% |
| JMUB JPMorgan Municipal ETF | 0.22% | 31,759 | $1.6M | Add +14.7% |
| SCHC Schwab Intl Small-Cap Equity | 0.22% | 35,007 | $1.6M | Reduce -9.4% |
| LLY Eli Lilly & Co. | 0.22% | 1,451 | $1.6M | Add +8.3% |
| EMNT PIMCO Enhcd St M-Active ESG | 0.22% | 15,776 | $1.6M | Add +2.2% |
| TCAF T Rowe PRC Cap Appreciation | 0.21% | 40,410 | $1.5M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 2,924 | $1.5M | Add +2.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.20% | 2,323 | $1.4M | Add +1.7% |
| FEMB First Trust Emerging Markets | 0.19% | 46,187 | $1.4M | Add +3.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.19% | 7,110 | $1.4M | Add +0.9% |
| SDVY First Trust Smid Cap Rising | 0.19% | 35,325 | $1.4M | Add +6.7% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.19% | 25,465 | $1.3M | Add +23.3% |
| MFDX PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 0.19% | 34,965 | $1.3M | Add +19.7% |
| MFEM PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 0.19% | 57,690 | $1.3M | Add +73.2% |
Portfolio Sells Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Reduce -1.5% | 3.29% | −0.43 |
| VOO Vanguard S&P 500 ETF | Reduce -2.5% | 2.23% | −0.32 |
| ITOT iShares Core S&P Total U.S. | Reduce -31.9% | 0.43% | −0.28 |
| AAPL Apple Inc. | Reduce -0.7% | 2.27% | −0.17 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.3% | 1.21% | −0.17 |
| VGLT Vanguard Long-Term Treasury | Reduce -10.6% | 0.55% | −0.16 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.8% | 0.98% | −0.16 |
| NVDA Nvidia Corp. | Reduce -6.9% | 0.66% | −0.15 |
| GSLC Goldman Activebeta US LC ETF | Reduce -48.7% | 0.11% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -3.9% | 0.48% | −0.13 |
| VPL Vanguard Ftse Pacific ETF | Reduce -0.3% | 1.16% | −0.13 |
| JEPI JPMorgan Equity Premium Inco | Reduce -9.2% | 0.50% | −0.13 |
| META Meta Platforms Inc. Class A | Reduce -16.3% | 0.23% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.1% | 0.86% | −0.11 |
| AGG iShares Core U.S. Aggregate | Reduce -57.1% | 0.06% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -4.3% | 0.50% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -10.2% | 0.40% | −0.08 |
| BITB Bitwise Bitcoin ETF | Reduce -31.7% | 0.07% | −0.08 |
| VONG Vanguard Russell 1000 Growth | Sold out | 0.00% | −0.08 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -0.7% | 0.98% | −0.08 |
| BND Vanguard Total Bond Market | Reduce -4.3% | 0.37% | −0.07 |
| IEMG iShares Core MSCI Emerging | Reduce -24.0% | 0.15% | −0.07 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -25.3% | 0.13% | −0.07 |
| IWM iShares Russell 2000 ETF | Reduce -0.1% | 0.53% | −0.06 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.06 |
| VIGI Vanguard Int Div App Indx FD | Reduce -1.9% | 0.45% | −0.06 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.06 |
| SCHC Schwab Intl Small-Cap Equity | Reduce -9.4% | 0.22% | −0.06 |
| VYM Vanguard High DVD Yield ETF | Reduce -6.5% | 0.27% | −0.05 |
| TSLA Tesla Inc. | Reduce -6.6% | 0.23% | −0.05 |
| DGRW Wisdomtree U.S. Quality Divi | Sold out | 0.00% | −0.05 |
| SUB iShares Short-Term National | Reduce -0.3% | 0.32% | −0.05 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -55.3% | 0.03% | −0.05 |
| FEZ State Street SPDR Euro Stoxx | Reduce -1.6% | 0.38% | −0.04 |
| IBIT iShares Bitcoin Trust ETF | Reduce -0.5% | 0.09% | −0.04 |
| HOOD Robinhood Markets Inc. Class A | Reduce -3.4% | 0.08% | −0.04 |
| DFAR Dimensional US Real Est ETF | Reduce -49.6% | 0.03% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -1.3% | 0.27% | −0.04 |
| LIN Linde PLC | Sold out | 0.00% | −0.04 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.03 |
| URA Global X Uranium ETF | Reduce -1.4% | 0.12% | −0.03 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -11.0% | 0.10% | −0.03 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.03 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.03 |
| SCHM Schwab US Mid Cap ETF | Sold out | 0.00% | −0.03 |
| CERY SS SPDR BBG En RY CM St N-Ui | Sold out | 0.00% | −0.03 |
| PDBC Invesco Optimum Yield Divers | Reduce -13.2% | 0.09% | −0.03 |
| ORCL Oracle Corp. | Reduce -0.4% | 0.04% | −0.03 |
| FEX First Trust Large Cap Core A | Reduce -19.6% | 0.07% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| SPDW Ste STR SPDR PT DW Eu ETF | Add +31.6% | 6.93% | +1.14 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +23.5% | 5.64% | +0.55 |
| USEW Cambria US Ew ETF | New | 0.47% | +0.47 |
| AVEM Avantis Emerging Markets Eq | Add +34.3% | 2.13% | +0.36 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +197.6% | 0.56% | +0.34 |
| SGOV iShares 0-3 Month Treasury B | Add +517.1% | 0.39% | +0.32 |
| JMST JPM Ultra-Short Muni Income | Add +132.0% | 0.53% | +0.27 |
| FTCS First Trust Capital Strength | Add +30.9% | 2.26% | +0.27 |
| IJH iShares Core S&P Midcap ETF | Add +25.0% | 2.63% | +0.26 |
| RDVY First Trust Rising Dividend | Add +26.9% | 1.98% | +0.26 |
| LMBS First Trust Low Duration Opp | Add +23.7% | 2.92% | +0.24 |
| LGOV First TR Long Duration O-ETF | Add +24.4% | 2.55% | +0.22 |
| UCON First Trust Smith Unconstrai | Add +24.5% | 2.34% | +0.19 |
| GOOGL Alphabet Inc. Class A | Add +10.1% | 0.97% | +0.19 |
| EWJ iShares MSCI Japan ETF | Add +31.6% | 1.09% | +0.15 |
| GEW Cambria Global Ew ETF | New | 0.14% | +0.14 |
| JCPB JPMorgan Core Plus Bond ETF | Add +19.2% | 3.44% | +0.13 |
| JIVE JPM Interntl Value ETF | Add +42.5% | 0.51% | +0.13 |
| GLDM SPDR Gold Minishares Trust | Add +11.3% | 1.49% | +0.12 |
| CGDV Cap Group Dividend Value | Add +65.4% | 0.29% | +0.10 |
| IJR iShares Core S&P Small-Cap E | Add +24.1% | 0.92% | +0.08 |
| VGIT Vanguard Intermediate-Term T | Add +51.7% | 0.32% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +26.6% | 0.24% | +0.07 |
| MFEM PIMCO Rafi Dynamic Multi-Fac | Add +73.2% | 0.19% | +0.07 |
| EXAS Exact Sciences Corp. | Add +16.5% | 0.14% | +0.06 |
| LMT Lockheed Martin Corp. | New | 0.06% | +0.06 |
| MCK McKesson Corp. | New | 0.06% | +0.06 |
| GRID First TRST Nasd Class Edg Sgiif | Add +87.7% | 0.15% | +0.06 |
| BIV Vanguard Intermediate-Term B | New | 0.06% | +0.06 |
| LLY Eli Lilly & Co. | Add +8.3% | 0.22% | +0.05 |
| FFBC First Financial Bancorp | New | 0.05% | +0.05 |
| PYLD PIMCO Multisector Bond Actv | Add +23.0% | 0.69% | +0.05 |
| USRT iShares Core US REIT ETF | Add +30.1% | 0.47% | +0.05 |
| ADP Automatic Data Processing | New | 0.04% | +0.04 |
| VGSH Vanguard Short-Term Treasury | New | 0.03% | +0.03 |
| JPIE JPMorgan Income ETF | New | 0.03% | +0.03 |
| NVS Novartis AG-Sponsored ADR | New | 0.03% | +0.03 |
| DHR Danaher Corp. | New | 0.03% | +0.03 |
| VOD Vodafone Group PLC-SP ADR | New | 0.03% | +0.03 |
| UDI Uscf Dividend Income | New | 0.03% | +0.03 |
| APH Amphenol Corp. Class A | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | New | 0.03% | +0.03 |
| TMSL T.rowe PRC Small-Mid Cap ETF | New | 0.03% | +0.03 |
| RDVI FT Vest Rising Dividend Achi | New | 0.03% | +0.03 |
| REMX Vaneck Rar Earth ND STG-Usdi | New | 0.03% | +0.03 |
| JPEM JPM Diversified Ret Em Equit | New | 0.03% | +0.03 |
| EAGG iShares ESG Aware US Aggrega | New | 0.03% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.03% | +0.03 |
| SLVP iShares MSCI Global Silver A | Add +0.1% | 0.29% | +0.03 |
| FTGC First Trust Global Tactical | Add +34.7% | 0.46% | +0.03 |
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 |