XML Financial, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), XML Financial, LLC reported 357 stock positions worth $1.1 billion. Its top holding was Schwab US Large-Cap Growth (SCHG) at 3.7% of the portfolio, followed by Schwab US Large-Cap Value (SCHV, 2.9%) and iShares Core Dividend Growth (DGRO, 2.9%). Compared with Q4 2024, it opened 28 new positions, sold out of 27, added to 141 and reduced 159. The biggest buy was a new position in Vanguard Short Tax-Ex Bond (VSDM) and the biggest sale Vanguard Tax-Exempt Bond ETF (VTEB, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0001800465
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0001725547-25-001441 ↗ filed Apr 22, 2025
Holdings Value
Holdings 357 stocks · $1.1B
| SCHG Schwab US Large-Cap Growth | 3.66% | 1,563,630 | $39.2M | Add +1.0% |
| SCHV Schwab US Large-Cap Value | 2.90% | 1,169,593 | $31.1M | Reduce -2.3% |
| DGRO iShares Core Dividend Growth | 2.86% | 496,391 | $30.7M | Reduce -1.5% |
| AAPL Apple Inc. | 2.70% | 130,096 | $28.9M | Reduce -0.8% |
| IWF iShares Russell 1000 Growth | 2.60% | 77,153 | $27.9M | Reduce -5.3% |
| IWB iShares Russell 1000 ETF | 2.46% | 85,903 | $26.3M | Reduce -3.9% |
| MSFT Microsoft Corp. | 2.14% | 61,027 | $22.9M | Add +0.2% |
| IWR iShares Russell Mid-Cap ETF | 2.05% | 257,792 | $21.9M | Reduce -5.9% |
| PTY PIMCO Corporate & Income Opp | 2.01% | 1,491,197 | $21.6M | Add +2.4% |
| BND Vanguard Total Bond Market | 1.98% | 288,482 | $21.2M | Add +3.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.92% | 38,557 | $20.5M | Reduce -0.2% |
| IJR iShares Core S&P Small-Cap E | 1.81% | 185,802 | $19.4M | Add +20.2% |
| VGT Vanguard Info Tech ETF | 1.78% | 35,217 | $19.1M | Add +2.4% |
| IVV iShares Core S&P 500 ETF | 1.61% | 30,630 | $17.2M | Reduce -1.3% |
| CWB SS SPDR BB Conv Sec ETF | 1.50% | 209,376 | $16.0M | Reduce -0.3% |
| CORP PIMCO Inv Grade Corp. BD ETF | 1.47% | 162,825 | $15.8M | Reduce -2.0% |
| GLD SPDR Gold Shares | 1.18% | 44,003 | $12.7M | Add +2.2% |
| IYF iShares US Financials ETF | 1.18% | 111,725 | $12.6M | Reduce -1.0% |
| IWD iShares Russell 1000 Value E | 1.14% | 65,069 | $12.2M | Reduce -6.5% |
| QCOM Qualcomm Inc. | 1.11% | 77,296 | $11.9M | Add +0.2% |
| MUNI PIMCO Intermediate Municipal | 1.10% | 229,372 | $11.8M | Add +1.3% |
| GSLC Goldman Activebeta US LC ETF | 1.09% | 106,360 | $11.7M | Reduce -1.5% |
| JNJ Johnson & Johnson | 1.09% | 70,496 | $11.7M | Add +1.4% |
| SCHD Schwab US DVD Equity ETF | 1.09% | 415,541 | $11.6M | Add +8.5% |
| JPM JPMorgan Chase & Co. | 1.03% | 45,104 | $11.1M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 0.98% | 54,988 | $10.5M | Add +2.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.96% | 245,048 | $10.2M | Reduce -1.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.95% | 186,465 | $10.2M | Add +5.2% |
| VSDM Vanguard Short Tax-Ex Bond | 0.94% | 132,987 | $10.0M | New |
| SPHD Invesco S&P 500 High Dividen | 0.91% | 194,871 | $9.8M | Add +12.0% |
| CSCO Cisco Systems Inc. | 0.91% | 157,568 | $9.7M | Reduce -3.4% |
| IWP iShares Russell Mid-Cap Grow | 0.88% | 79,741 | $9.4M | Add +0.6% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.83% | 131,353 | $8.9M | Add +6.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.80% | 34,582 | $8.6M | Add +1.6% |
| KMI Kinder Morgan Inc. | 0.79% | 296,479 | $8.5M | Reduce -2.3% |
| VYM Vanguard High DVD Yield ETF | 0.73% | 60,565 | $7.8M | Add +1.5% |
| RTX RTX Corp. | 0.73% | 58,934 | $7.8M | Reduce -0.6% |
| UCON First Trust Smith Unconstrai | 0.71% | 308,373 | $7.6M | Reduce -2.5% |
| CVX Chevron Corp. | 0.71% | 45,581 | $7.6M | Add +0.3% |
| UL Unilever PLC | 0.69% | 124,557 | $7.4M | Reduce -4.8% |
| VZ Verizon Communications Inc. | 0.69% | 162,994 | $7.4M | Reduce -1.3% |
| IWM iShares Russell 2000 ETF | 0.69% | 36,928 | $7.4M | Reduce -5.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.68% | 27,960 | $7.2M | Reduce -4.3% |
| NANR Sta STR SP S&P Nor An Res-Ui | 0.67% | 128,816 | $7.2M | Reduce -3.0% |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | 0.64% | 154,601 | $6.9M | Add +14.3% |
| NVDA Nvidia Corp. | 0.64% | 63,315 | $6.9M | Add +6.6% |
| AMGN Amgen Inc. | 0.64% | 21,915 | $6.8M | Reduce -1.1% |
| IWO iShares Russell 2000 Growth | 0.62% | 26,179 | $6.7M | Reduce -7.3% |
| SPTI SS SPDR P Int Term TSY ETF | 0.62% | 230,659 | $6.6M | Reduce -0.7% |
| T AT&T Inc. | 0.59% | 221,622 | $6.3M | Reduce -0.7% |
| MRK Merck & Co. Inc. | 0.57% | 68,090 | $6.1M | Add +0.0% |
| GOOD Gladstone Commercial Corp. | 0.57% | 407,543 | $6.1M | Add +0.2% |
| DJIA Global X Dow 30 Cov Call ETF | 0.57% | 274,186 | $6.1M | Add +11.9% |
| XOM Exxon Mobil Corp. | 0.56% | 49,966 | $5.9M | Add +3.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.55% | 161,715 | $5.9M | Reduce -2.7% |
| QYLD Global X Nasd 100 Cov Call | 0.50% | 321,116 | $5.3M | Add +16.9% |
| IGLD FT Vest Gold Strategy Target | 0.50% | 254,177 | $5.3M | Add +12.3% |
| IWS iShares Russell Mid-Cap Valu | 0.49% | 41,844 | $5.3M | Add +0.0% |
| VCIT Vanguard Int-Term Corporate | 0.48% | 62,964 | $5.1M | Add +11.5% |
| XRNPX Cohen & Steers REIT and Pref | 0.46% | 221,362 | $4.9M | Add +810.1% |
| PFF iShares Preferred & Income S | 0.45% | 157,137 | $4.8M | Add +5.6% |
| EMR Emerson Electric Co. | 0.45% | 43,918 | $4.8M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 0.44% | 30,368 | $4.7M | Add +7.9% |
| AGG iShares Core U.S. Aggregate | 0.43% | 46,070 | $4.6M | Add +7.5% |
| IWN iShares Russell 2000 Value E | 0.42% | 29,775 | $4.5M | Reduce -7.7% |
| IVW iShares S&P 500 Growth ETF | 0.42% | 48,295 | $4.5M | Add +0.1% |
| UPS United Parcel Service Class B | 0.42% | 40,616 | $4.5M | Reduce -2.0% |
| BMY Bristol-Myers Squibb Co. | 0.41% | 72,451 | $4.4M | Reduce -3.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.40% | 9,198 | $4.3M | Add +4.7% |
| COST Costco Wholesale Corp. | 0.40% | 4,484 | $4.2M | Add +5.9% |
| CVS CVS Health Corp. | 0.39% | 61,096 | $4.1M | Reduce -9.4% |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.38% | 87,717 | $4.1M | Add +5.7% |
| EPD Enterprise Products Partners | 0.37% | 116,335 | $4.0M | Add +2.8% |
| LMT Lockheed Martin Corp. | 0.36% | 8,746 | $3.9M | Reduce -0.5% |
| PFE Pfizer Inc. | 0.36% | 151,279 | $3.8M | Reduce -3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.36% | 6,851 | $3.8M | Add +18.0% |
| TFC Truist Financial Corp. | 0.35% | 91,748 | $3.8M | Reduce -5.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.35% | 21,473 | $3.7M | Add +1.0% |
| PSEC Prospect Capital Corp. | 0.34% | 898,508 | $3.7M | Reduce -5.0% |
| MOAT Vaneck Morningstar Wide Moat | 0.34% | 41,366 | $3.6M | Add +14.4% |
| GOOG Alphabet Inc. Class C | 0.32% | 22,040 | $3.4M | Add +6.7% |
| EFA iShares MSCI Eafe ETF | 0.32% | 41,630 | $3.4M | Reduce -11.0% |
| DOW Dow Inc. | 0.31% | 95,477 | $3.3M | Add +5.5% |
| VOO Vanguard S&P 500 ETF | 0.29% | 5,971 | $3.1M | Add +2.6% |
| IP International Paper Co. | 0.28% | 55,848 | $3.0M | Reduce -4.7% |
| CMI Cummins Inc. | 0.27% | 9,333 | $2.9M | Reduce -3.9% |
| USB US Bancorp | 0.27% | 68,000 | $2.9M | Add +0.0% |
| PSA Public Storage | 0.25% | 9,054 | $2.7M | Add +4.1% |
| OHI Omega Healthcare Investors | 0.25% | 70,927 | $2.7M | Reduce -6.5% |
| HD Home Depot Inc. | 0.25% | 7,306 | $2.7M | Add +0.3% |
| GS Goldman Sachs Group Inc. | 0.25% | 4,862 | $2.7M | Reduce -1.6% |
| ABT Abbott Laboratories | 0.25% | 19,787 | $2.6M | Reduce -2.0% |
| D Dominion Energy Inc. | 0.23% | 44,105 | $2.5M | Reduce -7.7% |
| ABBV Abbvie Inc. | 0.23% | 11,670 | $2.4M | Reduce -17.8% |
| PRU Prudential Financial Inc. | 0.23% | 21,859 | $2.4M | Reduce -3.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.22% | 3 | $2.4M | No change |
| WMT Walmart Inc. | 0.22% | 27,119 | $2.4M | Add +2.1% |
| WPC WP Carey Inc. | 0.22% | 37,361 | $2.4M | Add +2.5% |
| TPYP Managed Portfolio Series | 0.22% | 63,968 | $2.3M | Reduce -7.8% |
| LHX L3HARRIS Technologies Inc. | 0.22% | 11,028 | $2.3M | Add +2.7% |
Options reported separately and not counted above: CRS calls ($996K), AAPL calls ($133K), MSFT calls ($113K), TSLA calls ($78K), AMGN calls ($62K), KMI calls ($57K), CVS calls ($47K), NEM calls ($43K), AMD calls ($41K), RTX calls ($40K), CVX calls ($33K), CMI calls ($31K), and 2 more.
Portfolio Sells Q4 2024 → Q1 2025
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -96.5% | 0.03% | −0.74 |
| RWO State Street SPDR Dow Jones | Reduce -87.1% | 0.06% | −0.40 |
| IWF iShares Russell 1000 Growth | Reduce -5.3% | 2.60% | −0.40 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Sold out | 0.00% | −0.39 |
| AAPL Apple Inc. | Reduce -0.8% | 2.70% | −0.31 |
| FMB First Trust Managed Municipa | Sold out | 0.00% | −0.19 |
| IWB iShares Russell 1000 ETF | Reduce -3.9% | 2.46% | −0.18 |
| IWR iShares Russell Mid-Cap ETF | Reduce -5.9% | 2.05% | −0.17 |
| IWO iShares Russell 2000 Growth | Reduce -7.3% | 0.62% | −0.12 |
| IWM iShares Russell 2000 ETF | Reduce -5.7% | 0.69% | −0.10 |
| TSLA Tesla Inc. | Reduce -1.4% | 0.14% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -1.3% | 1.61% | −0.07 |
| IWN iShares Russell 2000 Value E | Reduce -7.7% | 0.42% | −0.07 |
| UPS United Parcel Service Class B | Reduce -2.0% | 0.42% | −0.06 |
| AVGO Broadcom Inc. | Reduce -2.3% | 0.15% | −0.06 |
| FDX FedEx Corp. | Reduce -8.1% | 0.21% | −0.05 |
| GSLC Goldman Activebeta US LC ETF | Reduce -1.5% | 1.09% | −0.05 |
| BAC Bank of America Corp. | Reduce -1.3% | 0.96% | −0.05 |
| ORCL Oracle Corp. | Reduce -1.9% | 0.20% | −0.04 |
| IWD iShares Russell 1000 Value E | Reduce -6.5% | 1.14% | −0.04 |
| CMI Cummins Inc. | Reduce -3.9% | 0.27% | −0.04 |
| TFC Truist Financial Corp. | Reduce -5.9% | 0.35% | −0.04 |
| CPRX Catalyst Pharmaceuticals Inc. | Reduce -66.7% | 0.02% | −0.03 |
| GM General Motors Co. | Reduce -22.8% | 0.08% | −0.03 |
| REGN Regeneron Pharmaceuticals | Reduce -43.3% | 0.04% | −0.03 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.3% | 0.68% | −0.03 |
| UAL United Airlines Holdings Inc. | Reduce -12.2% | 0.05% | −0.03 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Sold out | 0.00% | −0.03 |
| MS Morgan Stanley | Sold out | 0.00% | −0.03 |
| PSEC Prospect Capital Corp. | Reduce -5.0% | 0.34% | −0.03 |
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -0.5% | 0.36% | −0.03 |
| CRM Salesforce Inc. | Reduce -7.1% | 0.08% | −0.03 |
| SPHB Invesco S&P 500 High Beta Et | Sold out | 0.00% | −0.03 |
| ESGU iShares ESG Aware MSCI USA | Reduce -40.7% | 0.03% | −0.03 |
| PFE Pfizer Inc. | Reduce -3.9% | 0.36% | −0.03 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.02 |
| AMD Advanced Micro Devices | Reduce -7.7% | 0.10% | −0.02 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −0.02 |
| GLAD Gladstone Capital Corp. | Sold out | 0.00% | −0.02 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.02 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.02 |
| PDEC Innovator U.S. Equity Power | Sold out | 0.00% | −0.02 |
| STT State Street Corp. | Sold out | 0.00% | −0.02 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.02 |
| RLY SS Multi-Asset Real Ret ETF | Sold out | 0.00% | −0.02 |
| IYW iShares Ustechnology ETF | Reduce -23.4% | 0.04% | −0.02 |
| PPL PPL Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| VSDM Vanguard Short Tax-Ex Bond | New | 0.94% | +0.94 |
| XRNPX Cohen & Steers REIT and Pref | Add +810.1% | 0.46% | +0.41 |
| GLD SPDR Gold Shares | Add +2.2% | 1.18% | +0.23 |
| IJR iShares Core S&P Small-Cap E | Add +20.2% | 1.81% | +0.18 |
| JNJ Johnson & Johnson | Add +1.4% | 1.09% | +0.17 |
| BND Vanguard Total Bond Market | Add +3.9% | 1.98% | +0.15 |
| SPHD Invesco S&P 500 High Dividen | Add +12.0% | 0.91% | +0.14 |
| SCHD Schwab US DVD Equity ETF | Add +8.5% | 1.09% | +0.13 |
| IBM Intl Business Machines Corp. | Add +1.6% | 0.80% | +0.12 |
| TRU Transunion | New | 0.11% | +0.11 |
| CVX Chevron Corp. | Add +0.3% | 0.71% | +0.11 |
| IGLD FT Vest Gold Strategy Target | Add +12.3% | 0.50% | +0.11 |
| PTY PIMCO Corporate & Income Opp | Add +2.4% | 2.01% | +0.10 |
| XOM Exxon Mobil Corp. | Add +3.5% | 0.56% | +0.08 |
| VCIT Vanguard Int-Term Corporate | Add +11.5% | 0.48% | +0.07 |
| DJIA Global X Dow 30 Cov Call ETF | Add +11.9% | 0.57% | +0.06 |
| JEPI JPMorgan Equity Premium Inco | Add +158.0% | 0.09% | +0.06 |
| RIOT Riot Platforms Inc. | New | 0.05% | +0.05 |
| COWG Pacer US LRG Cap Cows GR LD | New | 0.05% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +18.0% | 0.36% | +0.05 |
| EPD Enterprise Products Partners | Add +2.8% | 0.37% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +7.5% | 0.43% | +0.04 |
| COST Costco Wholesale Corp. | Add +5.9% | 0.40% | +0.04 |
| QYLD Global X Nasd 100 Cov Call | Add +16.9% | 0.50% | +0.04 |
| DELL Dell Technologies -C | New | 0.04% | +0.04 |
| WPC WP Carey Inc. | Add +2.5% | 0.22% | +0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Add +5.2% | 0.95% | +0.04 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | Add +14.3% | 0.64% | +0.04 |
| META Meta Platforms Inc. Class A | Add +37.4% | 0.13% | +0.03 |
| PSH Pgim Short Duration High YLD | New | 0.03% | +0.03 |
| MOAT Vaneck Morningstar Wide Moat | Add +14.4% | 0.34% | +0.03 |
| CEFS Saba Opport Hedg Cef ETF-Usd | Add +23.0% | 0.16% | +0.03 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.03% | +0.03 |
| VYM Vanguard High DVD Yield ETF | Add +1.5% | 0.73% | +0.03 |
| MUNI PIMCO Intermediate Municipal | Add +1.3% | 1.10% | +0.03 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.03% | +0.03 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.03% | +0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +6.9% | 0.83% | +0.03 |
| COR Cencora Inc. | Add +0.0% | 0.13% | +0.03 |
| INCM Franklin Income Focus ETF | Add +80.2% | 0.06% | +0.03 |
| LUCD Lucid Diagnostics Inc. | New | 0.02% | +0.02 |
| GDXJ Vaneck Junior Gold Miners | New | 0.02% | +0.02 |
| GLTR Abrdn Precious Metals Basket | New | 0.02% | +0.02 |
| AWK American Water Works Co. Inc. | New | 0.02% | +0.02 |
| COP Conocophillips | Add +13.9% | 0.12% | +0.02 |
| QCOM Qualcomm Inc. | Add +0.2% | 1.11% | +0.02 |
| UTG Reaves Utility Income Fund | Add +12.8% | 0.15% | +0.02 |
| PFF iShares Preferred & Income S | Add +5.6% | 0.45% | +0.02 |
| GDX Vaneck Gold Miners ETF | New | 0.02% | +0.02 |
| SO The Southern Co. | Add +4.3% | 0.14% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 2,000 | $1.0Mbefore exit |
| CRS Carpenter Technology | call | New | 5,500 | $996K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 1,700 | $996Kbefore exit |
| AAPL Apple Inc. | call | New | 600 | $133K |
| MSFT Microsoft Corp. | call | New | 300 | $113K |
| TSLA Tesla Inc. | call | New | 300 | $78K |
| AMGN Amgen Inc. | call | New | 200 | $62K |
| KMI Kinder Morgan Inc. | call | New | 2,000 | $57K |
| CVS CVS Health Corp. | call | New | 700 | $47K |
| NEM Newmont Corp. | call | New | 900 | $43K |
| AMD Advanced Micro Devices | call | New | 400 | $41K |
| RTX RTX Corp. | call | New | 300 | $40K |
| CVX Chevron Corp. | call | New | 200 | $33K |
| CMI Cummins Inc. | call | New | 100 | $31K |
| DIS The Walt Disney Co. | call | New | 300 | $30K |
| INTC Intel Corp. | call | New | 500 | $11K |
| GOOG Alphabet Inc. Class C | call | New | 0 | $0 |
| LMT Lockheed Martin Corp. | call | New | 0 | $0 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 446 | $1.4B | SCHG, DGRO, SCHV, VGT, IWF |
| Q1 2026 | 420 | $1.2B | SCHG, DGRO, SCHV, IWF, IWB |
| Q4 2025 | 441 | $1.2B | SCHG, IWF, DGRO, SCHV, AAPL |
| Q3 2025 | 391 | $1.2B | SCHG, IWF, SCHV, DGRO, MSFT |
| Q2 2025 | 374 | $1.2B | SCHG, IWF, SCHV, DGRO, MSFT |
| Q1 2025 | 357 | $1.1B | SCHG, SCHV, DGRO, AAPL, IWF |
| Q4 2024 | 356 | $1.1B | SCHG, AAPL, IWF, SCHV, DGRO |
| Q3 2024 | 348 | $1.1B | SCHG, SCHV, IWF, AAPL, DGRO |
| Q2 2024 | 337 | $993.7M | SCHG, IWF, MSFT, AAPL, SCHV |
| Q1 2024 | 340 | $976.5M | SCHG, SCHV, MSFT, IWF, DGRO |