XML Financial, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), XML Financial, LLC reported 441 stock positions worth $1.2 billion. Its top holding was Schwab US Large-Cap Growth (SCHG) at 4.0% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 3.1%) and iShares Core Dividend Growth (DGRO, 2.9%). Compared with Q3 2025, it opened 68 new positions, sold out of 19, added to 148 and reduced 191. The biggest buy was a new position in PIMCO Multisector Bond Actv (PYLD) and the biggest sale an exit from SS SPDR P Int Term TSY ETF (SPTI).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0001800465
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001725547-26-000074 ↗ filed Feb 11, 2026
Holdings Value
Holdings 441 stocks · $1.2B
| SCHG Schwab US Large-Cap Growth | 4.00% | 1,501,657 | $49.0M | Reduce -5.5% |
| IWF iShares Russell 1000 Growth | 3.10% | 80,253 | $38.0M | Reduce -1.0% |
| DGRO iShares Core Dividend Growth | 2.88% | 507,686 | $35.2M | Reduce -0.1% |
| SCHV Schwab US Large-Cap Value | 2.80% | 1,160,962 | $34.4M | Reduce -4.9% |
| AAPL Apple Inc. | 2.56% | 115,371 | $31.4M | Reduce -5.4% |
| IWB iShares Russell 1000 ETF | 2.55% | 83,601 | $31.2M | Reduce -1.1% |
| VGT Vanguard Info Tech ETF | 2.21% | 35,998 | $27.1M | Reduce -1.6% |
| MSFT Microsoft Corp. | 2.18% | 55,204 | $26.7M | Reduce -8.7% |
| IVV iShares Core S&P 500 ETF | 1.96% | 35,060 | $24.0M | Add +3.1% |
| IWR iShares Russell Mid-Cap ETF | 1.92% | 244,325 | $23.5M | Reduce -0.2% |
| PTY PIMCO Corporate & Income Opp | 1.68% | 1,596,655 | $20.6M | Add +3.5% |
| BSV Vanguard Short-Term Bond ETF | 1.61% | 250,935 | $19.8M | Reduce -1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.42% | 34,703 | $17.4M | Reduce -7.7% |
| CORP PIMCO Inv Grade Corp. BD ETF | 1.41% | 176,449 | $17.3M | Reduce -3.1% |
| CWB SS SPDR BB Conv Sec ETF | 1.37% | 188,094 | $16.8M | Reduce -0.2% |
| GLD SPDR Gold Shares | 1.30% | 40,112 | $15.9M | Reduce -3.2% |
| IJR iShares Core S&P Small-Cap E | 1.22% | 124,160 | $14.9M | Reduce -3.6% |
| IYF iShares US Financials ETF | 1.19% | 112,672 | $14.5M | Add +0.7% |
| IWD iShares Russell 1000 Value E | 1.14% | 66,398 | $14.0M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 1.08% | 40,954 | $13.2M | Reduce -4.5% |
| JNJ Johnson & Johnson | 1.07% | 63,389 | $13.1M | Reduce -7.7% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 1.06% | 158,114 | $13.0M | Add +1.7% |
| GSLC Goldman Activebeta US LC ETF | 1.06% | 98,121 | $13.0M | Reduce -5.7% |
| AMZN Amazon.com Inc. | 1.03% | 54,693 | $12.6M | Reduce -2.6% |
| NVDA Nvidia Corp. | 0.98% | 64,159 | $12.0M | Add +1.6% |
| COWZ Pacer US Cash Cows 100 ETF | 0.95% | 194,250 | $11.7M | Reduce -0.7% |
| SCHD Schwab US DVD Equity ETF | 0.95% | 423,055 | $11.6M | Add +0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.92% | 204,423 | $11.2M | Reduce -13.1% |
| IWP iShares Russell Mid-Cap Grow | 0.90% | 80,517 | $11.0M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.87% | 33,880 | $10.6M | Add +7.8% |
| QCOM Qualcomm Inc. | 0.86% | 61,822 | $10.6M | Reduce -16.3% |
| IWM iShares Russell 2000 ETF | 0.84% | 41,970 | $10.3M | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 0.82% | 130,053 | $10.0M | Reduce -14.4% |
| SPHD Invesco S&P 500 High Dividen | 0.78% | 200,001 | $9.6M | Add +0.8% |
| FUMB First Trust Ultra Short Dur | 0.78% | 476,298 | $9.6M | Reduce -6.1% |
| IWS iShares Russell Mid-Cap Valu | 0.78% | 67,661 | $9.5M | Add +1.7% |
| RTX RTX Corp. | 0.77% | 51,557 | $9.5M | Reduce -9.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.71% | 29,506 | $8.7M | Reduce -12.3% |
| VYM Vanguard High DVD Yield ETF | 0.71% | 60,398 | $8.7M | Reduce -5.2% |
| PYLD PIMCO Multisector Bond Actv | 0.70% | 320,240 | $8.5M | New |
| NANR Sta STR SP S&P Nor An Res-Ui | 0.69% | 124,139 | $8.4M | Reduce -5.4% |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | 0.68% | 158,082 | $8.4M | Add +2.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.68% | 28,664 | $8.3M | Reduce -1.7% |
| XRNPX Cohen & Steers REIT and Pref | 0.68% | 417,040 | $8.3M | Add +20.5% |
| UCON First Trust Smith Unconstrai | 0.64% | 313,233 | $7.9M | Reduce -5.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.59% | 11,710 | $7.2M | Reduce -3.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.59% | 161,830 | $7.2M | Reduce -1.8% |
| IGLD FT Vest Gold Strategy Target | 0.58% | 284,164 | $7.1M | Add +6.9% |
| GOOG Alphabet Inc. Class C | 0.55% | 21,390 | $6.7M | Add +3.7% |
| IWO iShares Russell 2000 Growth | 0.55% | 20,724 | $6.7M | Add +3.5% |
| MRK Merck & Co. Inc. | 0.54% | 62,981 | $6.6M | Reduce -10.1% |
| KMI Kinder Morgan Inc. | 0.54% | 239,092 | $6.6M | Reduce -15.5% |
| AMGN Amgen Inc. | 0.53% | 19,980 | $6.5M | Reduce -9.8% |
| CVX Chevron Corp. | 0.53% | 42,514 | $6.5M | Reduce -5.7% |
| AGG iShares Core U.S. Aggregate | 0.52% | 63,505 | $6.3M | Add +16.2% |
| UL Unilever PLC-Sponsored ADR | 0.48% | 89,544 | $5.9M | Reduce -14.1% |
| IWN iShares Russell 2000 Value E | 0.48% | 32,193 | $5.8M | Add +4.2% |
| VOO Vanguard S&P 500 ETF | 0.46% | 9,069 | $5.7M | Add +18.1% |
| XOM Exxon Mobil Corp. | 0.46% | 47,077 | $5.7M | Reduce -5.6% |
| EMR Emerson Electric Co. | 0.44% | 40,532 | $5.4M | Reduce -2.2% |
| VCIT Vanguard Int-Term Corporate | 0.43% | 63,307 | $5.3M | Add +0.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.43% | 20,458 | $5.3M | Add +6.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.42% | 7,568 | $5.2M | Reduce -1.1% |
| VZ Verizon Communications Inc. | 0.42% | 125,675 | $5.1M | Reduce -22.7% |
| QDIV Global X S&P 500 QLTY Div | 0.41% | 145,043 | $5.0M | Reduce -7.5% |
| T AT&T Inc. | 0.41% | 201,180 | $5.0M | Reduce -9.3% |
| XYLD Global X S&P 500 Cove Call E | 0.40% | 120,274 | $4.9M | Add +5.8% |
| SUB iShares Short-Term National | 0.40% | 45,478 | $4.9M | Reduce -3.4% |
| AVGO Broadcom Inc. | 0.39% | 13,718 | $4.7M | Add +24.8% |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.38% | 93,623 | $4.6M | Add +1.3% |
| IVW iShares S&P 500 Growth ETF | 0.37% | 36,434 | $4.5M | Reduce -23.1% |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.36% | 191,327 | $4.4M | Add +27.6% |
| KJUL Innovator U.S. Small Cap Pow | 0.34% | 133,300 | $4.2M | Reduce -11.2% |
| PFF iShares Preferred & Income S | 0.33% | 130,146 | $4.0M | Reduce -21.8% |
| EFA iShares MSCI Eafe ETF | 0.32% | 40,983 | $3.9M | Add +0.6% |
| GS Goldman Sachs Group Inc. | 0.32% | 4,414 | $3.9M | Reduce -8.4% |
| AMAT Applied Materials Inc. | 0.31% | 14,933 | $3.8M | Add +0.6% |
| CVS CVS Health Corp. | 0.31% | 47,204 | $3.7M | Reduce -11.9% |
| TFC Truist Financial Corp. | 0.30% | 74,291 | $3.7M | Reduce -12.3% |
| COST Costco Wholesale Corp. | 0.28% | 4,051 | $3.5M | Reduce -7.9% |
| EPD Enterprise Products Partners | 0.28% | 108,869 | $3.5M | Reduce -7.8% |
| LMT Lockheed Martin Corp. | 0.28% | 7,093 | $3.4M | Reduce -14.1% |
| CMI Cummins Inc. | 0.28% | 6,618 | $3.4M | Reduce -21.0% |
| PFE Pfizer Inc. | 0.26% | 127,843 | $3.2M | Reduce -9.4% |
| MOAT Vaneck Morningstar Wide Moat | 0.26% | 30,696 | $3.2M | Reduce -39.3% |
| UPS United Parcel Service Class B | 0.25% | 30,804 | $3.1M | Reduce -4.5% |
| CRS Carpenter Technology | 0.24% | 9,410 | $3.0M | No change |
| CAT Caterpillar Inc. | 0.24% | 5,077 | $2.9M | Add +0.5% |
| BMY Bristol-Myers Squibb Co. | 0.24% | 53,489 | $2.9M | Reduce -9.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.23% | 14,954 | $2.9M | Reduce -32.9% |
| ORCL Oracle Corp. | 0.23% | 14,537 | $2.8M | Add +5.1% |
| WMT Walmart Inc. | 0.23% | 25,380 | $2.8M | Reduce -6.5% |
| USB US Bancorp | 0.23% | 52,199 | $2.8M | Reduce -15.3% |
| HD Home Depot Inc. | 0.22% | 7,931 | $2.7M | Reduce -8.3% |
| BX Blackstone Inc. | 0.22% | 17,559 | $2.7M | Add +3.7% |
| NEM Newmont Corp. | 0.22% | 26,930 | $2.7M | Reduce -6.8% |
| OHI Omega Healthcare Investors | 0.22% | 59,734 | $2.6M | Reduce -10.4% |
| LHX L3HARRIS Technologies Inc. | 0.21% | 8,955 | $2.6M | Reduce -16.5% |
| TSLA Tesla Inc. | 0.21% | 5,766 | $2.6M | Add +5.8% |
| IJH iShares Core S&P Midcap ETF | 0.21% | 38,981 | $2.6M | Reduce -1.4% |
Options reported separately and not counted above: SLV calls ($322K).
Portfolio Sells Q3 2025 → Q4 2025
| SPTI SS SPDR P Int Term TSY ETF | Sold out | 0.00% | −0.60 |
| MSFT Microsoft Corp. | Reduce -8.7% | 2.18% | −0.37 |
| VZ Verizon Communications Inc. | Reduce -22.7% | 0.42% | −0.16 |
| GOOD Gladstone Commercial Corp. | Reduce -35.5% | 0.21% | −0.16 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -39.3% | 0.26% | −0.15 |
| QCOM Qualcomm Inc. | Reduce -16.3% | 0.86% | −0.14 |
| SCHG Schwab US Large-Cap Growth | Reduce -5.5% | 4.00% | −0.13 |
| PSEC Prospect Capital Corp. | Reduce -86.6% | 0.02% | −0.13 |
| KMI Kinder Morgan Inc. | Reduce -15.5% | 0.54% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.7% | 1.42% | −0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -32.9% | 0.23% | −0.11 |
| T AT&T Inc. | Reduce -9.3% | 0.41% | −0.10 |
| PFF iShares Preferred & Income S | Reduce -21.8% | 0.33% | −0.10 |
| TRU Transunion | Sold out | 0.00% | −0.10 |
| PSA Public Storage | Reduce -37.1% | 0.13% | −0.10 |
| IVW iShares S&P 500 Growth ETF | Reduce -23.1% | 0.37% | −0.10 |
| UL Unilever PLC-Sponsored ADR | Reduce -14.1% | 0.48% | −0.09 |
| SCHV Schwab US Large-Cap Value | Reduce -4.9% | 2.80% | −0.09 |
| UTG Reaves Utility Income Fund | Reduce -42.2% | 0.08% | −0.07 |
| BAC Bank of America Corp. | Reduce -13.1% | 0.92% | −0.07 |
| HD Home Depot Inc. | Reduce -8.3% | 0.22% | −0.06 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -33.3% | 0.12% | −0.06 |
| LYB Lyondellbasell Indu Class A | Reduce -36.1% | 0.08% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -12.3% | 0.71% | −0.06 |
| LMT Lockheed Martin Corp. | Reduce -14.1% | 0.28% | −0.06 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -3.1% | 1.41% | −0.05 |
| IP International Paper Co. | Reduce -13.2% | 0.15% | −0.05 |
| LHX L3HARRIS Technologies Inc. | Reduce -16.5% | 0.21% | −0.05 |
| FUMB First Trust Ultra Short Dur | Reduce -6.1% | 0.78% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -7.9% | 0.28% | −0.05 |
| IWP iShares Russell Mid-Cap Grow | Reduce -1.1% | 0.90% | −0.04 |
| GSLC Goldman Activebeta US LC ETF | Reduce -5.7% | 1.06% | −0.04 |
| NSA National Storage Affiliates | Reduce -40.7% | 0.05% | −0.04 |
| CVX Chevron Corp. | Reduce -5.7% | 0.53% | −0.04 |
| QDIV Global X S&P 500 QLTY Div | Reduce -7.5% | 0.41% | −0.04 |
| ENFR Alerian Energy Infrastructur | Reduce -21.1% | 0.13% | −0.04 |
| TPYP Tortoise North American Pipe | Reduce -18.6% | 0.14% | −0.04 |
| UCON First Trust Smith Unconstrai | Reduce -5.1% | 0.64% | −0.03 |
| KJUL Innovator U.S. Small Cap Pow | Reduce -11.2% | 0.34% | −0.03 |
| PFE Pfizer Inc. | Reduce -9.4% | 0.26% | −0.03 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -14.4% | 0.82% | −0.03 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.6% | 1.22% | −0.03 |
| ECL Ecolab Inc. | Reduce -45.3% | 0.03% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -21.9% | 0.10% | −0.03 |
| GIS General Mills Inc. | Reduce -13.1% | 0.11% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -4.5% | 1.08% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -5.2% | 0.71% | −0.02 |
| CUBE Cubesmart | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| PYLD PIMCO Multisector Bond Actv | New | 0.70% | +0.70 |
| GOOGL Alphabet Inc. Class A | Add +7.8% | 0.87% | +0.24 |
| GOOG Alphabet Inc. Class C | Add +3.7% | 0.55% | +0.14 |
| IVV iShares Core S&P 500 ETF | Add +3.1% | 1.96% | +0.11 |
| AVGO Broadcom Inc. | Add +24.8% | 0.39% | +0.09 |
| CEFS Saba Opport Hedg Cef ETF-Usd | Add +27.6% | 0.36% | +0.08 |
| VOO Vanguard S&P 500 ETF | Add +18.1% | 0.46% | +0.08 |
| AGG iShares Core U.S. Aggregate | Add +16.2% | 0.52% | +0.07 |
| AMAT Applied Materials Inc. | Add +0.6% | 0.31% | +0.07 |
| GLDM SPDR Gold Minishares Trust | New | 0.06% | +0.06 |
| IGLD FT Vest Gold Strategy Target | Add +6.9% | 0.58% | +0.06 |
| LLY Eli Lilly & Co. | Add +21.0% | 0.15% | +0.06 |
| AMD Advanced Micro Devices | Add +8.8% | 0.19% | +0.06 |
| GUNR NT Mstar GLBL NR ETF | New | 0.05% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | New | 0.05% | +0.05 |
| IWD iShares Russell 1000 Value E | Add +0.8% | 1.14% | +0.05 |
| CLX Clorox Company | New | 0.05% | +0.05 |
| GE General Electric | Add +28.8% | 0.19% | +0.05 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +1.7% | 1.06% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +24.5% | 0.20% | +0.04 |
| XRNPX Cohen & Steers REIT and Pref | Add +20.5% | 0.68% | +0.04 |
| CAT Caterpillar Inc. | Add +0.5% | 0.24% | +0.04 |
| MU Micron Technology Inc. | New | 0.04% | +0.04 |
| LRGF iShares US Equity Factor ETF | New | 0.04% | +0.04 |
| APH Amphenol Corp. Class A | Add +49.5% | 0.10% | +0.04 |
| C Citigroup Inc. | New | 0.04% | +0.04 |
| XYLD Global X S&P 500 Cove Call E | Add +5.8% | 0.40% | +0.04 |
| MUNI PIMCO Intermediate Municipal | Add +30.8% | 0.15% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +60.9% | 0.09% | +0.03 |
| TJX TJX Companies Inc. | New | 0.03% | +0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.03% | +0.03 |
| SLV iShares Silver Trust | New | 0.03% | +0.03 |
| IYF iShares US Financials ETF | Add +0.7% | 1.19% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +6.2% | 0.43% | +0.03 |
| AEM Agnico Eagle Mines Ltd. | New | 0.03% | +0.03 |
| IWN iShares Russell 2000 Value E | Add +4.2% | 0.48% | +0.03 |
| MINT PIMCO Enhanced Short Maturit | New | 0.03% | +0.03 |
| LRCX Lam Research Corp. | New | 0.03% | +0.03 |
| COF Capital One Financial Corp. | Add +47.4% | 0.07% | +0.03 |
| DJIA Global X Dow 30 Cov Call ETF | Add +120.6% | 0.05% | +0.03 |
| PH Parker Hannifin Corp. | New | 0.03% | +0.03 |
| ANET Arista Networks Inc. | Add +28.9% | 0.21% | +0.03 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.03% | +0.03 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | New | 0.03% | +0.03 |
| AXP American Express Co. | Add +50.6% | 0.06% | +0.03 |
| META Meta Platforms Inc. Class A | Add +28.2% | 0.19% | +0.03 |
| IBDY iShares Ibonds Dec 2033 Corp. | New | 0.03% | +0.03 |
| ESGD iShares Trust iShares ESG Aw | New | 0.03% | +0.03 |
| STT State Street Corp. | New | 0.03% | +0.03 |
| JEPI JPMorgan Equity Premium Inco | Add +23.6% | 0.13% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| SLV iShares Silver Trust | call | New | 5,000 | $322K |
| BP BP PLC-Spons ADR | call | Sold out | 3,000 | $103Kbefore exit |
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 |