Williams & Novak, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Williams & Novak, LLC reported 140 stock positions worth $130.0 million. Its top holding was Fidelity Total Bond ETF (FBND) at 11.0% of the portfolio, followed by PIMCO Rafi Dynamic Multi-Fac (MFUS, 6.3%) and Fidelity Enh LRG Cap Cor ETF (FELC, 4.4%). Compared with Q2 2025, it opened 22 new positions, sold out of 15, added to 45 and reduced 47. The biggest buy was a new position in PIMCO Municipal Income FD II (PML) and the biggest sale an exit from JPMorgan Equity Premium Inco (JEPI).

Most Recent 13F
Q2 2026
Location
WESTLAKE VILLAGE, CA
CIK
0001998419
Portfolio Value
$130.0M (Q3 2025)
SEC Filing
0001998419-25-000004 ↗ filed Oct 30, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $88.0M Q1 2024 Q2 2024: $107.4M Q2 2024 Q3 2024: $107.2M Q3 2024 Q4 2024: $103.7M Q4 2024 Q1 2025: $102.2M Q1 2025 Q2 2025: $117.6M Q2 2025 Q3 2025: $130.0M $130.0M Q3 2025 Q4 2025: $132.8M Q4 2025 Q1 2026: $133.4M Q1 2026 Q2 2026: $149.5M Q2 2026

Holdings 140 stocks · $130.0M
FBND Fidelity Total Bond ETF 11.03% 310,079 $14.3M Add +9.0%
MFUS PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER 6.34% 146,446 $8.2M Add +0.1%
FELC Fidelity Enh LRG Cap Cor ETF 4.43% 154,346 $5.8M Add +0.4%
SYPR Sypris Solutions Inc. 3.68% 2,246,550 $4.8M Reduce -0.4%
XPCQX PIMCO California Muni Inc. FD 3.07% 457,118 $4.0M Reduce -2.5%
PYLD PIMCO Multisector Bond Actv 2.63% 127,502 $3.4M Add +25.1%
PML PIMCO Municipal Income FD II 2.50% 411,495 $3.3M New
MFEM PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER 2.41% 138,916 $3.1M Add +0.4%
SLV iShares Silver Trust 2.24% 68,819 $2.9M Reduce -2.0%
AAPL Apple Inc. 1.90% 9,703 $2.5M Add +2.6%
IXUS iShares Core Intl Stock ETF 1.84% 28,905 $2.4M Reduce -0.5%
MFDX PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER 1.83% 64,072 $2.4M Add +5.5%
DFCF Dimensional Core Fixed Inc. 1.83% 55,640 $2.4M Add +9.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.79% 3,502 $2.3M Reduce -0.1%
ISCF iShares International Small 1.71% 53,989 $2.2M Reduce -0.4%
IEFA iShares Core MSCI Eafe ETF 1.58% 23,545 $2.1M Add +2.9%
DGRO iShares Core Dividend Growth 1.55% 29,522 $2.0M Reduce -2.0%
RING iShares MSCI Global Gold Min 1.36% 27,402 $1.8M No change
GDX Vaneck Gold Miners ETF 1.28% 21,835 $1.7M Add +12.2%
MSFT Microsoft Corp. 1.27% 3,190 $1.7M Add +24.5%
QQQ Invesco QQQ Trust Series 1 1.19% 2,577 $1.5M Add +7.7%
BRK.B Berkshire Hathaway Inc. Class B 1.17% 3,037 $1.5M Add +1.4%
ESGD iShares Trust iShares ESG Aw 1.17% 16,345 $1.5M No change
XSVM Invesco S&P Smallcap Value W 1.10% 25,247 $1.4M Add +4.0%
EEMS iShares MSCI Emerging MKT SM 1.10% 20,989 $1.4M Add +4.7%
BINC iShares Flex I A ETF-Usd Inc. 1.03% 25,173 $1.3M Add +12.9%
ZROZ PIMCO 25+ YR Zero CPN US Tif 1.03% 19,615 $1.3M New
HYD Vaneck High Yield Muni ETF 1.02% 26,067 $1.3M Reduce -30.6%
MUNI PIMCO Intermediate Municipal 0.98% 24,450 $1.3M Add +36.6%
GSLC Goldman Activebeta US LC ETF 0.95% 9,526 $1.2M Reduce -0.8%
AMZN Amazon.com Inc. 0.88% 5,235 $1.1M Reduce -8.6%
CMF iShares California Muni Bond 0.83% 18,906 $1.1M Add +9.0%
FTEC Fidelity MSCI Info Tech Indx 0.80% 4,672 $1.0M No change
DFUS Dimensional US Eq MKT ETF 0.79% 14,131 $1.0M Reduce -2.8%
EMXC iShares MSCI Emr MRK Ex Chna 0.78% 15,010 $1.0M Reduce -3.3%
VOO Vanguard S&P 500 ETF 0.77% 1,632 $999K Reduce -0.4%
TACK Fairlead Tactical Sector ETF 0.74% 31,953 $959K Add +21.8%
AVGO Broadcom Inc. 0.71% 2,782 $918K Add +0.5%
PWZ Invesco California Amt-Free 0.63% 34,300 $820K Reduce -13.8%
DFSD Dimensional Short Duration 0.61% 16,414 $791K Add +18.8%
IPAC iShares Core MSCI Pacific Et 0.61% 10,765 $790K No change
GOOG Alphabet Inc. Class C 0.58% 3,104 $756K Reduce -1.8%
VTI VG Morningstar TS MKT ETF-US 0.55% 2,179 $715K Add +25.2%
META Meta Platforms Inc. Class A 0.54% 963 $707K Add +2.6%
CIBR First Trust Nasdaq Cybersecu 0.54% 9,291 $706K Reduce -23.9%
SCZ iShares MSCI Eafe Small-Cap 0.54% 9,175 $704K Reduce -0.6%
COST Costco Wholesale Corp. 0.54% 754 $698K Add +45.3%
FENI Fidelity Enhanced Intl ETF 0.53% 19,468 $687K Add +32.7%
VFH Vanguard Financials ETF 0.53% 5,215 $684K No change
MOD Modine Manufacturing Co. 0.52% 4,767 $678K Reduce -5.1%
V Visa Inc. Class A 0.51% 1,959 $669K Reduce -2.5%
SCHX Schwab US Large-Cap ETF 0.49% 24,270 $639K No change
IEMG iShares Core MSCI Emerging 0.48% 9,559 $630K Reduce -5.1%
VONE Vanguard Russell 1000 0.48% 2,084 $630K Reduce -54.6%
ACWX iShares MSCI Acwi Ex US ETF 0.48% 9,565 $622K No change
GLD SPDR Gold Shares 0.47% 1,724 $613K No change
DFUV Dimensional US Marketwide Va 0.46% 13,498 $603K Reduce -5.5%
EMGF iShares Emerging Markets Equ 0.45% 10,389 $588K Reduce -12.1%
COIN Coinbase Global Inc. Class A 0.45% 1,723 $582K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.44% 2,033 $574K New
IAU iShares Gold Trust 0.40% 7,184 $523K No change
IDEV iShares Core MSCI Dev MKTS 0.40% 6,450 $517K No change
LRCX Lam Research Corp. 0.39% 3,750 $502K No change
TSM Taiwan Semiconductor-SP ADR 0.38% 1,773 $495K Reduce -64.8%
COF Capital One Financial Corp. 0.36% 2,194 $466K New
PDN Inv Rafi Dev MKT US SM-Usdin 0.34% 10,855 $446K Reduce -17.1%
SNOW Snowflake Inc. 0.34% 1,974 $445K Add +21.6%
DLS Wisdomtree Intl S/C DVD Fund 0.34% 5,483 $436K No change
BOND PIMCO Active Bond Exchange-T 0.32% 4,496 $420K Reduce -14.0%
XLK SS Technology Select Sector 0.32% 1,478 $417K Reduce -9.7%
NFLX Netflix Inc. 0.31% 338 $405K New
PLTK Playtika Holding Corp. 0.31% 104,080 $405K Add +21.9%
IVV iShares Core S&P 500 ETF 0.31% 601 $402K No change
AVNS Avanos Medical Inc. 0.30% 33,685 $389K Add +51.6%
LLY Eli Lilly & Co. 0.30% 509 $388K Add +18.9%
NEE Nextera Energy Inc. 0.30% 5,143 $388K New
PSA Public Storage 0.29% 1,324 $382K Add +2.1%
JPM JPMorgan Chase & Co. 0.29% 1,199 $378K Add +0.5%
DFAI Dimensional International Co. 0.29% 10,273 $373K Add +35.9%
ESGE iShares Inc. iShares ESG Awar 0.28% 8,347 $362K Reduce -8.2%
DFAC Dimensional US Core Equity 2 0.28% 9,313 $359K Reduce -8.0%
VIG Vanguard Dividend Apprec ETF 0.27% 1,634 $353K Reduce -5.8%
IYZ iShares US Telecommunication 0.27% 10,865 $351K No change
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED 0.27% 9,994 $347K New
UCON First Trust Smith Unconstrai 0.27% 13,701 $345K New
OEF iShares S&P 100 ETF 0.25% 982 $327K New
FCOM Fidelity MSCI Comm Serv Indx 0.25% 4,573 $325K No change
AMKR Amkor Technology Inc. 0.24% 11,026 $313K Reduce -6.1%
FLRG Fidelity US Multifactor ETF 0.24% 8,118 $312K Add +30.3%
IAUM iShares Gold Trust Micro 0.23% 7,720 $297K Reduce -14.0%
HON Honeywell International Inc. 0.23% 1,397 $294K Reduce -65.5%
ADBE Adobe Inc. 0.21% 784 $277K New
XLF SS Financial Select Sector 0.21% 5,093 $274K Add +33.2%
VGT Vanguard Info Tech ETF 0.21% 367 $274K No change
GOOGL Alphabet Inc. Class A 0.21% 1,111 $270K New
VUG Vanguard Mrngstar GR ETF-Sui 0.20% 555 $266K New
SEMR Semrush Holdings Inc. Class A 0.20% 37,265 $264K New
FMDE Fidelity Enhanced Mid Cap Co. 0.20% 7,269 $263K Add +12.1%
MU Micron Technology Inc. 0.20% 1,546 $259K New
FNCL Fidelity MSCI Financial Indx 0.20% 3,325 $254K No change
RSPT Invesco S&P 500 Equal Weight 0.19% 5,570 $248K No change
KBWP Invesco KBW Property & Casua 0.19% 1,997 $247K Reduce -70.7%
UNH Unitedhealth Group Inc. 0.18% 692 $239K Reduce -52.0%
TRGP Targa Resources Corp. 0.18% 1,400 $235K No change
XLY SS Consumer Disc Select Sect 0.18% 964 $231K No change
AMGN Amgen Inc. 0.17% 801 $226K Reduce -12.9%
FNDA Schwab Fndmntl US SM Co. ETF 0.17% 7,000 $218K No change
GTO Invesco Total Return Bond Et 0.17% 4,586 $218K Add +1.6%
HSCZ iShares Cur HDG MSCI Eafe SM 0.16% 5,680 $214K No change
RAFE PIMCO Rafi ESG US ETF filed as PIMCO EQUITY SER 0.16% 5,000 $204K New
FCPI Fidelity Stocks for Infl ETF 0.15% 4,010 $201K New
NATR Natures Sunshine Prods Inc. 0.13% 10,475 $163K Reduce -0.3%
EGAN Egain Corp. 0.12% 18,040 $157K Reduce -19.9%
RGP Resources Connection Inc. 0.12% 30,985 $156K New
TSHA Taysha Gene Therapies Inc. 0.11% 45,000 $147K No change
III Information Services Group 0.11% 25,200 $145K Reduce -5.3%
ANGO Angiodynamics Inc. 0.11% 12,455 $139K No change
VTRS Viatris Inc. 0.11% 13,935 $138K Reduce -23.7%
ARAY Accuray Inc. 0.10% 77,430 $129K Add +12.3%
HBIO Harvard Bioscience Inc. 0.09% 275,500 $121K Add +158.5%
ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW 0.09% 24,750 $119K Add +54.0%
XPER Xperi Inc. 0.09% 17,510 $113K Add +67.9%
LAW CS Disco Inc. 0.09% 17,105 $110K Reduce -22.3%
PRTS Carparts.com Inc. 0.08% 147,600 $105K Reduce -5.8%
ANIK Anika Therapeutics Inc. 0.08% 10,840 $102K New
COOK Traeger Inc. 0.08% 81,300 $99K Add +46.3%
ASYS Amtech Systems Inc. 0.07% 10,250 $95K Reduce -44.3%
SVM Silvercorp Metals Inc. 0.07% 14,150 $89K No change
AVD American Vanguard Corp. 0.07% 15,335 $88K Reduce -1.7%
EGHT 8X8 Inc. 0.07% 40,830 $87K Add +27.6%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.07% 10,400 $86K New
MYPS Playstudios Inc. 0.06% 82,450 $79K Add +68.8%
HCAT Health Catalyst Inc. 0.04% 20,535 $59K New
EXFY Expensify Inc. Class A 0.04% 30,540 $56K New
HLLY Holley Inc. 0.04% 17,595 $55K Reduce -12.2%
VRA Vera Bradley Inc. 0.04% 23,435 $47K Add +16.2%
CNDT Conduent Inc. 0.03% 13,880 $39K Reduce -6.7%
CERS Cerus Corp. 0.02% 14,715 $23K Add +12.2%
TRINITY BIOTECH INVT LTD 0.01% 12,000 $12K Reduce -45.5%
ASSERTIO HOLDINGS INC 0.01% 10,000 $9K No change

Portfolio Sells Q2 2025 → Q3 2025
JEPI JPMorgan Equity Premium Inco Sold out 0.00% −1.07
XPMQX PIMCO Muni Income Fund III Sold out 0.00% −1.00
VONE Vanguard Russell 1000 Reduce -54.6% 0.48% −0.61
TSM Taiwan Semiconductor-SP ADR Reduce -64.8% 0.38% −0.59
HYD Vaneck High Yield Muni ETF Reduce -30.6% 1.02% −0.58
HON Honeywell International Inc. Reduce -65.5% 0.23% −0.58
SYPR Sypris Solutions Inc. Reduce -0.4% 3.68% −0.56
KBWP Invesco KBW Property & Casua Reduce -70.7% 0.19% −0.52
HYMB SS SPDR N Ice HY Muni ETF Sold out 0.00% −0.52
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.42
OLED Universal Display Corp. Sold out 0.00% −0.39
TJX TJX Companies Inc. Sold out 0.00% −0.37
XPCQX PIMCO California Muni Inc. FD Reduce -2.5% 3.07% −0.28
CIBR First Trust Nasdaq Cybersecu Reduce -23.9% 0.54% −0.24
HD Home Depot Inc. Sold out 0.00% −0.23
UNH Unitedhealth Group Inc. Reduce -52.0% 0.18% −0.20
AMZN Amazon.com Inc. Reduce -8.6% 0.88% −0.18
CRM Salesforce Inc. Sold out 0.00% −0.18
MUB iShares National Muni Bond E Sold out 0.00% −0.18
PWZ Invesco California Amt-Free Reduce -13.8% 0.63% −0.16
V Visa Inc. Class A Reduce -2.5% 0.51% −0.09
DGRO iShares Core Dividend Growth Reduce -2.0% 1.55% −0.09
PDN Inv Rafi Dev MKT US SM-Usdin Reduce -17.1% 0.34% −0.09
BOND PIMCO Active Bond Exchange-T Reduce -14.0% 0.32% −0.09
ISCF iShares International Small Reduce -0.4% 1.71% −0.08
IXUS iShares Core Intl Stock ETF Reduce -0.5% 1.84% −0.07
EMGF iShares Emerging Markets Equ Reduce -12.1% 0.45% −0.07
XPMFX PIMCO Municipal Income Fund Sold out 0.00% −0.07
INFU Infusystem Holdings Inc. Sold out 0.00% −0.07
EMXC iShares MSCI Emr MRK Ex Chna Reduce -3.3% 0.78% −0.05
BRY Berry Corp. Sold out 0.00% −0.05
DFUV Dimensional US Marketwide Va Reduce -5.5% 0.46% −0.05
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 1.79% −0.05
AMGN Amgen Inc. Reduce -12.9% 0.17% −0.04
DFUS Dimensional US Eq MKT ETF Reduce -2.8% 0.79% −0.04
VMEO Vimeo Inc. Sold out 0.00% −0.04
DCH Dauch Corporation Sold out 0.00% −0.04
GSLC Goldman Activebeta US LC ETF Reduce -0.8% 0.95% −0.04
PBYI Puma Biotechnology Inc. Sold out 0.00% −0.04
VTRS Viatris Inc. Reduce -23.7% 0.11% −0.03
DFAC Dimensional US Core Equity 2 Reduce -8.0% 0.28% −0.03
XLK SS Technology Select Sector Reduce -9.7% 0.32% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -5.8% 0.27% −0.03
IEMG iShares Core MSCI Emerging Reduce -5.1% 0.48% −0.03
SCZ iShares MSCI Eafe Small-Cap Reduce -0.6% 0.54% −0.03
ESGE iShares Inc. iShares ESG Awar Reduce -8.2% 0.28% −0.02
IAUM iShares Gold Trust Micro Reduce -14.0% 0.23% −0.02
VOO Vanguard S&P 500 ETF Reduce -0.4% 0.77% −0.02
PRTS Carparts.com Inc. Reduce -5.8% 0.08% −0.02
NATR Natures Sunshine Prods Inc. Reduce -0.3% 0.13% −0.01

Portfolio Buys Q2 2025 → Q3 2025
PML PIMCO Municipal Income FD II New 2.50% +2.50
ZROZ PIMCO 25+ YR Zero CPN US Tif New 1.03% +1.03
COIN Coinbase Global Inc. Class A New 0.45% +0.45
IBM Intl Business Machines Corp. New 0.44% +0.44
GDX Vaneck Gold Miners ETF Add +12.2% 1.28% +0.42
COF Capital One Financial Corp. New 0.36% +0.36
PYLD PIMCO Multisector Bond Actv Add +25.1% 2.63% +0.33
NFLX Netflix Inc. New 0.31% +0.31
NEE Nextera Energy Inc. New 0.30% +0.30
CGBL Cap Group Core Balanced New 0.27% +0.27
UCON First Trust Smith Unconstrai New 0.27% +0.27
OEF iShares S&P 100 ETF New 0.25% +0.25
AAPL Apple Inc. Add +2.6% 1.90% +0.25
ADBE Adobe Inc. New 0.21% +0.21
GOOGL Alphabet Inc. Class A New 0.21% +0.21
VUG Vanguard Mrngstar GR ETF-Sui New 0.20% +0.20
SEMR Semrush Holdings Inc. Class A New 0.20% +0.20
MUNI PIMCO Intermediate Municipal Add +36.6% 0.98% +0.20
MU Micron Technology Inc. New 0.20% +0.20
MSFT Microsoft Corp. Add +24.5% 1.27% +0.19
RAFE PIMCO Rafi ESG US ETF New 0.16% +0.16
FCPI Fidelity Stocks for Infl ETF New 0.15% +0.15
RGP Resources Connection Inc. New 0.12% +0.12
FENI Fidelity Enhanced Intl ETF Add +32.7% 0.53% +0.11
TACK Fairlead Tactical Sector ETF Add +21.8% 0.74% +0.11
VTI VG Morningstar TS MKT ETF-US Add +25.2% 0.55% +0.10
COST Costco Wholesale Corp. Add +45.3% 0.54% +0.10
ANIK Anika Therapeutics Inc. New 0.08% +0.08
AVNS Avanos Medical Inc. Add +51.6% 0.30% +0.07
QQQ Invesco QQQ Trust Series 1 Add +7.7% 1.19% +0.07
ERIC Ericsson (lm) Tel-SP ADR New 0.07% +0.07
DFAI Dimensional International Co. Add +35.9% 0.29% +0.07
AVGO Broadcom Inc. Add +0.5% 0.71% +0.06
HBIO Harvard Bioscience Inc. Add +158.5% 0.09% +0.05
FLRG Fidelity US Multifactor ETF Add +30.3% 0.24% +0.05
HCAT Health Catalyst Inc. New 0.04% +0.04
DFSD Dimensional Short Duration Add +18.8% 0.61% +0.04
EXFY Expensify Inc. Class A New 0.04% +0.04
XLF SS Financial Select Sector Add +33.2% 0.21% +0.04
SNOW Snowflake Inc. Add +21.6% 0.34% +0.03
BINC iShares Flex I A ETF-Usd Inc. Add +12.9% 1.03% +0.03
XSVM Invesco S&P Smallcap Value W Add +4.0% 1.10% +0.02
ARAY Accuray Inc. Add +12.3% 0.10% +0.02
XPER Xperi Inc. Add +67.9% 0.09% +0.02
LLY Eli Lilly & Co. Add +18.9% 0.30% +0.01
EGHT 8X8 Inc. Add +27.6% 0.07% +0.01
FMDE Fidelity Enhanced Mid Cap Co. Add +12.1% 0.20% +0.01
DFCF Dimensional Core Fixed Inc. Add +9.8% 1.83% +0.01
CMF iShares California Muni Bond Add +9.0% 0.83% +0.01
MYPS Playstudios Inc. Add +68.8% 0.06% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 145$149.5MMFUS, FBND, FELC, PYLD, SYPR
Q1 2026 142$133.4MFBND, MFUS, FELC, SYPR, PYLD
Q4 2025 141$132.8MFBND, MFUS, FELC, SYPR, PYLD
Q3 2025 140$130.0MFBND, MFUS, FELC, SYPR, XPCQX
Q2 2025 134$117.6MFBND, MFUS, FELC, SYPR, MFEM
Q1 2025 127$102.2MFBND, MFUS, FELC, SYPR, SPY
Q4 2024 125$103.7MFBND, MFUS, FELC, SYPR, SPY
Q3 2024 129$107.2MFBND, MFUS, SYPR, PYLD, SPY
Q2 2024 129$107.4MSYPR, MFUS, PYLD, FBND, BOND
Q1 2024 88$88.0MSYPR, MFUS, ISTB, SPY, CMF