Wallace Advisory Group, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Wallace Advisory Group, LLC reported 168 stock positions worth $124.4 million. Its top holding was Merck (MRK) at 7.4% of the portfolio, followed by Chevron (CVX, 5.1%) and Amazon.com (AMZN, 3.3%). Compared with Q2 2025, it opened 15 new positions, sold out of 19, added to 18 and reduced 134. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +74%) and the biggest sale iShares Tips Bond ETF (TIP, shares −84%).

Most Recent 13F
Q2 2026
Location
LAFAYETTE, CA
CIK
0001932645
Portfolio Value
$124.4M (Q3 2025)
SEC Filing
0001932645-25-000002 ↗ filed Oct 16, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $133.1M Q1 2024 Q2 2024: $138.9M Q2 2024 Q3 2024: $136.7M Q3 2024 Q4 2024: $144.7M Q4 2024 Q1 2025: $144.5M Q1 2025 Q2 2025: $137.8M Q2 2025 Q3 2025: $124.4M $124.4M Q3 2025 Q4 2025: $95.3M Q4 2025 Q1 2026: $93.6M Q1 2026 Q2 2026: $106.3M Q2 2026

Holdings 168 stocks · $124.4M
MRK Merck & Co. Inc. 7.36% 115,664 $9.2M Reduce -0.3%
CVX Chevron Corp. 5.10% 44,290 $6.3M Reduce -1.5%
AMZN Amazon.com Inc. 3.28% 18,583 $4.1M Reduce -24.6%
CI The Cigna Group 3.12% 11,735 $3.9M Reduce -3.8%
BIL SS SPDR BB 1-3M T-Bill ETF 3.09% 41,896 $3.8M Add +73.7%
MSFT Microsoft Corp. 2.33% 5,834 $2.9M Reduce -20.6%
SPEM State Street SP PTF Em ETF 1.94% 56,514 $2.4M Add +120.7%
GLDM SPDR Gold Minishares Trust 1.88% 35,750 $2.3M Add +21.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.80% 3,631 $2.2M Add +1.1%
AAPL Apple Inc. 1.67% 10,106 $2.1M Reduce -30.0%
NVDA Nvidia Corp. 1.52% 12,000 $1.9M Reduce -7.4%
ORCL Oracle Corp. 1.36% 7,760 $1.7M Reduce -22.4%
GOOGL Alphabet Inc. Class A 1.36% 9,622 $1.7M Reduce -14.5%
MA Mastercard Inc. Class A 1.35% 2,990 $1.7M Reduce -15.9%
IVV iShares Core S&P 500 ETF 1.29% 2,590 $1.6M Reduce -47.4%
IEF iShares 7-10 Year Treasury B 1.28% 16,577 $1.6M Reduce -8.5%
STIP iShares 0-5 Year Tips Bond E 1.19% 14,366 $1.5M Reduce -8.6%
V Visa Inc. Class A 1.12% 3,916 $1.4M Reduce -25.4%
IVVB iShares Large Cap Deep Quart 1.10% 43,960 $1.4M Reduce -8.5%
VXUS Vanguard Total Intl Stock 1.06% 19,001 $1.3M Reduce -9.3%
JNJ Johnson & Johnson 1.05% 8,536 $1.3M Reduce -10.0%
SPYG SS SPDR P S&P 500 Growth ETF 1.03% 13,387 $1.3M Add +1.6%
PM Philip Morris International 0.98% 6,725 $1.2M Reduce -20.9%
SHOP Shopify Inc. Class A 0.95% 10,211 $1.2M Reduce -23.7%
ADBE Adobe Inc. 0.94% 3,011 $1.2M Reduce -8.6%
SPXL Direxion Daily S&P 500 Bull 0.90% 6,472 $1.1M Add +4.7%
VZ Verizon Communications Inc. 0.88% 25,279 $1.1M Reduce -19.0%
LLY Eli Lilly & Co. 0.81% 1,296 $1.0M Reduce -19.2%
SPDW Ste STR SPDR PT DW Eu ETF 0.79% 24,193 $980K Reduce -0.7%
ABT Abbott Laboratories 0.78% 7,143 $972K Reduce -22.5%
TMO Thermo Fisher Scientific Inc. 0.76% 2,319 $940K Reduce -22.4%
NFLX Netflix Inc. 0.75% 694 $929K Reduce -21.8%
JPM JPMorgan Chase & Co. 0.74% 3,171 $919K Reduce -17.4%
AVGO Broadcom Inc. 0.73% 3,300 $910K Reduce -10.3%
GOOG Alphabet Inc. Class C 0.73% 5,106 $906K Reduce -19.6%
ZTS Zoetis Inc. 0.70% 5,556 $866K Reduce -21.3%
NOW ServiceNow Inc. 0.68% 817 $840K Reduce -0.8%
WFC Wells Fargo & Co. 0.66% 10,273 $823K Reduce -11.6%
CSCO Cisco Systems Inc. 0.62% 11,190 $776K Reduce -24.3%
MSCI MSCI Inc. 0.62% 1,336 $771K Reduce -19.9%
LOW Lowe's Cos Inc. 0.56% 3,115 $691K Reduce -11.8%
JD Jd.com Inc.-ADR 0.55% 21,125 $690K Reduce -25.4%
INTU Intuit Inc. 0.55% 871 $686K Reduce -5.4%
T AT&T Inc. 0.55% 23,678 $685K Reduce -10.8%
INDA iShares MSCI India ETF 0.52% 11,667 $650K New
SBUX Starbucks Corp. 0.52% 7,069 $648K Add +22.1%
META Meta Platforms Inc. Class A 0.52% 874 $645K Add +79.8%
IDXX Idexx Laboratories Inc. 0.52% 1,199 $643K New
APH Amphenol Corp. Class A 0.52% 6,502 $642K Reduce -16.6%
ABNB Airbnb Inc. Class A 0.51% 4,835 $640K Reduce -21.0%
BKNG Booking Holdings Inc. 0.51% 110 $637K Reduce -4.3%
IJH iShares Core S&P Midcap ETF 0.51% 10,226 $634K Reduce -1.7%
SHEL Shell PLC-ADR 0.51% 8,965 $631K Reduce -9.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.49% 4,918 $607K Reduce -9.9%
SPYV SS SPDR P S&P 500 Value ETF 0.49% 11,593 $607K Add +2.9%
ASML ASML Holding NV-NY Reg SHS 0.46% 717 $575K Reduce -14.3%
RTX RTX Corp. 0.46% 3,932 $574K Reduce -16.2%
USB US Bancorp 0.46% 12,648 $572K Reduce -4.1%
GOVT iShares US Treasury Bond ETF 0.46% 24,896 $572K Reduce -2.1%
AON Aon PLC Class A 0.46% 1,603 $572K Reduce -32.8%
SLYG SS SPDR S&P 600 SC GR ETF 0.46% 6,403 $568K Reduce -1.0%
WDAY Workday Inc. Class A 0.45% 2,357 $566K Reduce -23.4%
FNGU Ms Fang+ 3X Leveraged ETN filed as BANK MONTREAL QUE 0.45% 22,411 $558K New
ACN Accenture PLC Class A 0.45% 1,866 $558K Reduce -22.5%
MDLZ Mondelez International Inc. Class A 0.44% 8,172 $551K Reduce -10.1%
MELI MercadoLibre Inc. 0.44% 210 $549K Reduce -9.9%
FISV Fiserv Inc. 0.42% 3,066 $529K Add +24.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.42% 11,058 $523K Reduce -16.4%
BA The Boeing Co. 0.41% 2,464 $516K Reduce -31.0%
CVS CVS Health Corp. 0.41% 7,483 $516K Reduce -23.9%
BRK.B Berkshire Hathaway Inc. Class B 0.41% 1,061 $515K Reduce -24.8%
OLLI Ollie's Bargain Outlet Holdi 0.41% 3,905 $515K Reduce -24.0%
ABBV Abbvie Inc. 0.41% 2,753 $511K Reduce -11.3%
AMAT Applied Materials Inc. 0.40% 2,719 $498K Reduce -4.7%
FCX Freeport-McMoran Inc. 0.40% 11,441 $496K Reduce -16.3%
AMT American Tower Corp. 0.40% 2,226 $492K Reduce -20.9%
KO The Coca-Cola Co. 0.39% 6,860 $485K Reduce -12.2%
SPGI S&P Global Inc. 0.39% 916 $483K Reduce -5.7%
THC Tenet Healthcare Corp. 0.38% 2,694 $474K Add +64.8%
BBJP JPMorgan Betabuilders Japan 0.38% 7,670 $474K New
GLW Corning Inc. 0.37% 8,787 $462K Reduce -6.6%
C Citigroup Inc. 0.37% 5,375 $458K Reduce -16.7%
ADSK Autodesk Inc. 0.36% 1,465 $454K Reduce -6.2%
NVO Novo-Nordisk A/S-Spons ADR 0.36% 6,520 $450K Reduce -19.9%
EPAM Epam Systems Inc. 0.35% 2,494 $441K Reduce -1.1%
PFE Pfizer Inc. 0.34% 17,688 $429K Reduce -6.5%
AZO AutoZone Inc. 0.34% 115 $427K Add +16.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.34% 1,446 $426K Reduce -1.5%
SPMB SS SPDR P Mort Back Bond ETF 0.34% 19,059 $421K Reduce -2.3%
CAT Caterpillar Inc. 0.34% 1,079 $419K Reduce -13.1%
SAP Sap SE-Sponsored ADR 0.33% 1,351 $411K Reduce -21.4%
TSLA Tesla Inc. 0.33% 1,282 $407K Reduce -19.0%
VCIT Vanguard Int-Term Corporate 0.33% 4,879 $405K Reduce -2.1%
MS Morgan Stanley 0.33% 2,872 $405K Reduce -15.4%
PAYC Paycom Software Inc. 0.32% 1,737 $402K Reduce -23.2%
XOM Exxon Mobil Corp. 0.32% 3,725 $402K Reduce -2.3%
AIG American International Group 0.32% 4,655 $398K Reduce -17.3%
FTI Technipfmc PLC 0.32% 11,459 $395K Reduce -17.1%
GDDY GoDaddy Inc. Class A 0.32% 2,190 $394K Reduce -9.9%
QCOM Qualcomm Inc. 0.31% 2,394 $381K Reduce -16.8%

Show all 168 holdings

Portfolio Sells Q2 2025 → Q3 2025
TIP iShares Tips Bond ETF Reduce -83.9% 0.30% −1.41
JPST JPMorgan Ultra-Short Income Sold out 0.00% −1.08
SHW The Sherwin-Williams Co. Reduce -83.2% 0.22% −0.98
IVV iShares Core S&P 500 ETF Reduce -47.4% 1.29% −0.71
AAPL Apple Inc. Reduce -30.0% 1.67% −0.66
UNH Unitedhealth Group Inc. Reduce -46.9% 0.30% −0.56
CVX Chevron Corp. Reduce -1.5% 5.10% −0.36
TMO Thermo Fisher Scientific Inc. Reduce -22.4% 0.76% −0.32
TDY Teledyne Technologies Inc. Sold out 0.00% −0.30
JD Jd.com Inc.-ADR Reduce -25.4% 0.55% −0.29
HGER Harbor Commodity All Weather Sold out 0.00% −0.26
CMDT PIMCO Commodity Active Strat Sold out 0.00% −0.25
AON Aon PLC Class A Reduce -32.8% 0.46% −0.23
SRE Sempra Sold out 0.00% −0.22
V Visa Inc. Class A Reduce -25.4% 1.12% −0.22
EPAC Enerpac Tool Group Corp. Sold out 0.00% −0.22
LRN Stride Inc. Sold out 0.00% −0.21
AME Ametek Inc. Sold out 0.00% −0.21
SPSC SPS Commerce Inc. Sold out 0.00% −0.20
MRK Merck & Co. Inc. Reduce -0.3% 7.36% −0.20
MDT Medtronic PLC Sold out 0.00% −0.20
WST West Pharmaceutical Services Sold out 0.00% −0.20
APPF Appfolio Inc. Class A Sold out 0.00% −0.18
PEN Penumbra Inc. Sold out 0.00% −0.17
BR Broadridge Financial Solutio Sold out 0.00% −0.15
LLY Eli Lilly & Co. Reduce -19.2% 0.81% −0.15
VZ Verizon Communications Inc. Reduce -19.0% 0.88% −0.15
WAB Wabtec Corp. Sold out 0.00% −0.15
ZTS Zoetis Inc. Reduce -21.3% 0.70% −0.15
LYG Lloyds Banking Group PLC-ADR Sold out 0.00% −0.14
BRK.B Berkshire Hathaway Inc. Class B Reduce -24.8% 0.41% −0.13
CPRT Copart Inc. Reduce -27.2% 0.30% −0.13
AMZN Amazon.com Inc. Reduce -24.6% 3.28% −0.13
BRO Brown & Brown Inc. Reduce -36.5% 0.19% −0.12
BMY Bristol-Myers Squibb Co. Reduce -17.0% 0.25% −0.11
ABT Abbott Laboratories Reduce -22.5% 0.78% −0.11
PCG P G & E Corp. Reduce -17.8% 0.30% −0.11
UPS United Parcel Service Class B Reduce -29.0% 0.27% −0.10
VG Venture Global Inc. Class A Sold out 0.00% −0.10
ACN Accenture PLC Class A Reduce -22.5% 0.45% −0.10
JNJ Johnson & Johnson Reduce -10.0% 1.05% −0.09
QQQ Invesco QQQ Trust Series 1 Reduce -43.5% 0.20% −0.07
CSX CSX Corp. Reduce -40.5% 0.19% −0.07
RYAN Ryan Specialty Holdings Inc. Reduce -27.9% 0.19% −0.07
CVS CVS Health Corp. Reduce -23.9% 0.41% −0.07
LUV Southwest Airlines Co. Reduce -30.2% 0.20% −0.07
WDAY Workday Inc. Class A Reduce -23.4% 0.45% −0.07
MSCI MSCI Inc. Reduce -19.9% 0.62% −0.06
MA Mastercard Inc. Class A Reduce -15.9% 1.35% −0.06
ERIC Ericsson (lm) Tel-SP ADR Sold out 0.00% −0.06

Portfolio Buys Q2 2025 → Q3 2025
BIL SS SPDR BB 1-3M T-Bill ETF Add +73.7% 3.09% +1.48
SPEM State Street SP PTF Em ETF Add +120.7% 1.94% +1.21
GLDM SPDR Gold Minishares Trust Add +21.8% 1.88% +0.56
INDA iShares MSCI India ETF New 0.52% +0.52
IDXX Idexx Laboratories Inc. New 0.52% +0.52
FNGU Ms Fang+ 3X Leveraged ETN New 0.45% +0.45
BBJP JPMorgan Betabuilders Japan New 0.38% +0.38
SPY SS SPDR S&P 500 ETF Trust-US Add +1.1% 1.80% +0.35
META Meta Platforms Inc. Class A Add +79.8% 0.52% +0.32
SPXL Direxion Daily S&P 500 Bull Add +4.7% 0.90% +0.27
SPYG SS SPDR P S&P 500 Growth ETF Add +1.6% 1.03% +0.26
FSS Federal Signal Corp. New 0.23% +0.23
EME Emcor Group Inc. New 0.22% +0.22
THC Tenet Healthcare Corp. Add +64.8% 0.38% +0.22
B Barrick Mining Corp. New 0.19% +0.19
VRNA Verona Pharma Ltd. New 0.18% +0.18
OS Onestream Inc. New 0.18% +0.18
VWO Vanguard Ftse Emerging Marke New 0.17% +0.17
VEA Vanguard Ftse Developed ETF New 0.17% +0.17
SNOW Snowflake Inc. New 0.16% +0.16
XLK SS Technology Select Sector New 0.16% +0.16
JQUA JPMorgan US Quality Factor New 0.16% +0.16
SBUX Starbucks Corp. Add +22.1% 0.52% +0.11
SPYV SS SPDR P S&P 500 Value ETF Add +2.9% 0.49% +0.07
AZO AutoZone Inc. Add +16.2% 0.34% +0.07
NOK Nokia Corp.-Spon ADR New 0.07% +0.07
DFAC Dimensional US Core Equity 2 Add +0.3% 0.28% +0.05
SPSM SS SPDR P S&P 600 Small Cap Add +5.7% 0.26% +0.05
SHYG iShares 0-5 YR HY Corp. Bond Add +5.3% 0.25% +0.04
FISV Fiserv Inc. Add +24.0% 0.42% +0.03
CRM Salesforce Inc. Add +0.3% 0.21% +0.02
SDY SS SPDR S&P Dividend ETF Add +0.3% 0.19% +0.02
OGN Organon & Co. Add +2.7% 0.09% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 134$106.3MMRK, CVX, BIL, CI, SPY
Q1 2026 123$93.6MMRK, CVX, BIL, CI, SPY
Q4 2025 128$95.3MMRK, CVX, CI, AMZN, SPY
Q3 2025 168$124.4MMRK, CVX, AMZN, CI, BIL
Q2 2025 172$137.8MMRK, CVX, AMZN, CI, AAPL
Q1 2025 187$144.5MMRK, CVX, AMZN, AAPL, CI
Q4 2024 182$144.7MMRK, CVX, AMZN, CI, AAPL
Q3 2024 177$136.7MMRK, CVX, AMZN, CI, MSFT
Q2 2024 178$138.9MMRK, CVX, AMZN, CI, MSFT
Q1 2024 171$133.1MMRK, CVX, AMZN, CI, EJAN