Q4 2025 · 13F-HR
LEUTHOLD GROUP, LLCholdings as filed
Filed 2026-02-05 · accession 0000897069-26-000228
$926.0M
Reported value
207
Positions
2025-12-31
Period end
The Brief · LEUTHOLD GROUP, LLC · Q4 2025
AI · grounded in 13F
LEUTHOLD GROUP, LLC closed its position in ORCL, reducing exposure by $19.06M. The fund also exited positions in NFLX and URI, while trimming its stake in META by 34.72%. To offset these sells, the fund established new positions in FDX for $10.89M and UPS for $10.55M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corp. | $24.5M | 2.65% | 50,686 | Common | SOLE |
| 25460E869 | SPDN | Direxion Daily S&P500 Bear 1X | $22.1M | 2.38% | 2,340,534 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. Cl A | $21.2M | 2.28% | 67,594 | Common | SOLE |
| 78464A516 | BWX | SPDR Bloomberg Barclays Intern | $18.8M | 2.03% | 832,892 | Common | SOLE |
| 38141G104 | GS | Goldman Sachs Group Inc. | $15.9M | 1.72% | 18,083 | Common | SOLE |
| 466313103 | JBL | Jabil Inc. | $14.2M | 1.53% | 62,315 | Common | SOLE |
| 78464A375 | SPIB | SPDR Intermediate Term Corpora | $14.2M | 1.53% | 420,225 | Common | SOLE |
| 496902404 | KGC | Kinross Gold Corporation | $13.4M | 1.45% | 476,291 | Common | SOLE |
| 74348A210 | RWM | ProShares Short Russell2000 | $13.4M | 1.45% | 817,685 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc. Class A | $13.2M | 1.42% | 19,970 | Common | SOLE |
| 58155Q103 | MCK | McKesson Corp. | $13.1M | 1.42% | 16,008 | Common | SOLE |
| 14149Y108 | CAH | Cardinal Health Inc. | $13.0M | 1.41% | 63,407 | Common | SOLE |
| 464287457 | SHY | iShares 1-3 Year Treasury Bond | $12.8M | 1.39% | 154,959 | Common | SOLE |
| 617446448 | MS | Morgan Stanley | $12.4M | 1.34% | 70,029 | Common | SOLE |
| Y2573F102 | FLEX | Flex Ltd. | $12.4M | 1.34% | 205,534 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc. | $11.9M | 1.29% | 154,877 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp. | $10.9M | 1.18% | 37,713 | Common | SOLE |
| 81369Y803 | XLK | Technology Select Sector SPDR | $10.8M | 1.16% | 74,835 | Common | SOLE |
| 911312106 | UPS | United Parcel Service Inc. Cl | $10.5M | 1.14% | 106,348 | Common | SOLE |
| 03073E105 | COR | Cencora Inc. | $10.4M | 1.13% | 30,893 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co. | $10.4M | 1.12% | 32,188 | Common | SOLE |
| 464288117 | IGOV | iShares International Treasury | $10.4M | 1.12% | 248,737 | Common | SOLE |
| 922020805 | VTIP | Vanguard Short-Term Inflation- | $10.4M | 1.12% | 209,416 | Common | SOLE |
| 450913108 | IAG | Iamgold Corporation | $10.1M | 1.09% | 613,738 | Common | SOLE |
| D18190898 | DB | Deutsche Bank AG | $10.1M | 1.09% | 261,209 | Common | SOLE |
| 172967424 | C | Citigroup Inc. | $9.7M | 1.05% | 83,338 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group Inc. | $9.3M | 1.00% | 28,134 | Common | SOLE |
| 81369Y605 | XLF | Financial Select Sector SPDR F | $9.2M | 0.99% | 167,820 | Common | SOLE |
| G87052109 | TEL | TE Connectivity Ltd. | $9.2M | 0.99% | 40,355 | Common | SOLE |
| 464287200 | IVV | iShares S&P 500 Fund | $9.0M | 0.97% | 13,073 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp. | $8.9M | 0.96% | 162,286 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc. Cl A | $8.9M | 0.96% | 15,619 | Common | SOLE |
| 40412C101 | HCA | HCA Healthcare Inc | $8.4M | 0.90% | 17,927 | Common | SOLE |
| 06738E204 | BCS | Barclays PLC ADR | $8.4M | 0.90% | 328,653 | Common | SOLE |
| 78464A151 | IBND | SPDR Barclays International Co | $8.2M | 0.89% | 255,293 | Common | SOLE |
| 464288638 | IGIB | iShares 5-10yr Investment Grad | $8.0M | 0.87% | 148,747 | Common | SOLE |
| 036752103 | ELV | Elevance Health Inc. | $7.9M | 0.85% | 22,531 | Common | SOLE |
| 559222401 | MGA | Magna International Inc. | $7.8M | 0.85% | 147,172 | Common | SOLE |
| 136069101 | CM | Canadian Imperial Bank of Comm | $7.8M | 0.85% | 86,430 | Common | SOLE |
| 464288588 | MBB | iShares MBS ETF | $7.8M | 0.84% | 81,963 | Common | SOLE |
| 92206C771 | VMBS | Vanguard Mortgage-Backed Secur | $7.8M | 0.84% | 165,106 | Common | SOLE |
| 294821608 | ERIC | Telefonaktiebolaget LM Ericsso | $7.7M | 0.83% | 794,958 | Common | SOLE |
| 92532F100 | VRTX | Vertex Pharmaceuticals Inc. | $7.4M | 0.80% | 16,407 | Common | SOLE |
| 464287440 | IEF | iShares 7-10 Year Treasury Bon | $7.4M | 0.80% | 77,137 | Common | SOLE |
| 92826C839 | V | Visa Inc. | $7.3M | 0.79% | 20,867 | Common | SOLE |
| 75886F107 | REGN | Regeneron Pharmaceuticals Inc. | $7.3M | 0.79% | 9,439 | Common | SOLE |
| 031162100 | AMGN | Amgen Inc. | $7.0M | 0.76% | 21,402 | Common | SOLE |
| 518613203 | LAUR | Laureate Education Inc | $6.9M | 0.74% | 204,037 | Common | SOLE |
| 375558103 | GILD | Gilead Sciences Inc. | $6.8M | 0.73% | 55,058 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $6.6M | 0.71% | 31,963 | Common | SOLE |
| 88033G407 | THC | Tenet Healthcare Corporation | $6.5M | 0.70% | 32,784 | Common | SOLE |
| 052800109 | ALV | Autoliv Inc. | $6.5M | 0.70% | 54,579 | Common | SOLE |
| 284902509 | EGO | Eldorado Gold Corp. | $6.3M | 0.68% | 174,541 | Common | SOLE |
| G3265R107 | APTV | Aptiv PLC | $6.2M | 0.67% | 81,014 | Common | SOLE |
| 74164F103 | PRIM | Primoris Services Corporation | $6.1M | 0.66% | 49,487 | Common | SOLE |
| 46432F842 | IEFA | iShares Core MSCI EAFE ETF | $6.0M | 0.65% | 66,890 | Common | SOLE |
| 366505105 | GTX | Garrett Motion Inc | $5.8M | 0.63% | 333,232 | Common | SOLE |
| 09062X103 | BIIB | Biogen Inc. | $5.7M | 0.62% | 32,589 | Common | SOLE |
| 801056102 | SANM | Sanmina Corporation | $5.7M | 0.61% | 37,660 | Common | SOLE |
| 267475101 | DY | Dycom Industries Inc | $5.5M | 0.59% | 16,139 | Common | SOLE |
| G25508105 | CRH | CRH public limited company | $5.4M | 0.59% | 43,668 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb Co. | $5.4M | 0.59% | 101,025 | Common | SOLE |
| 521865204 | LEA | Lear Corp. | $5.4M | 0.59% | 47,513 | Common | SOLE |
| 29084Q100 | EME | Emcor Group Inc | $5.4M | 0.59% | 8,869 | Common | SOLE |
| 46138W107 | FXY | Invesco CurrencyShares Japanes | $5.4M | 0.58% | 92,126 | Common | SOLE |
| 315616102 | FFIV | F5 Networks Inc. | $5.3M | 0.57% | 20,711 | Common | SOLE |
| 387328107 | GVA | Granite Construction Inc. | $5.2M | 0.56% | 45,223 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies, Inc. | $5.2M | 0.56% | 63,823 | Common | SOLE |
| 91307C102 | UTHR | United Therapeutics Corp. | $5.2M | 0.56% | 10,672 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $5.2M | 0.56% | 49,296 | Common | SOLE |
| 008474108 | AEM | Agnico-Eagle Mines Ltd. | $5.1M | 0.55% | 30,075 | Common | SOLE |
| 902973304 | USB | U.S. Bancorp | $5.1M | 0.55% | 95,305 | Common | SOLE |
| 806857108 | SLB | SLB Limited | $5.1M | 0.55% | 131,906 | Common | SOLE |
| 693475105 | PNC | PNC Financial Services Group I | $5.0M | 0.54% | 24,169 | Common | SOLE |
| 416515104 | HIG | Hartford Insurance Group Inc. | $5.0M | 0.54% | 36,303 | Common | SOLE |
| 141788109 | CARG | CarGurus, Inc. Class A | $5.0M | 0.54% | 129,570 | Common | SOLE |
| 12541W209 | CHRW | C.H. Robinson Worldwide | $4.9M | 0.53% | 30,656 | Common | SOLE |
| 37733W204 | GSK | GSK plc Sponsored ADR | $4.9M | 0.53% | 100,358 | Common | SOLE |
| 382550101 | GT | Goodyear Tire & Rubber Co. | $4.9M | 0.53% | 560,093 | Common | SOLE |
| 64115T104 | NTCT | NetScout Systems, Inc. | $4.9M | 0.53% | 179,984 | Common | SOLE |
| 302130109 | EXPD | Expeditors International of Wa | $4.8M | 0.52% | 32,545 | Common | SOLE |
| 00737L103 | CVSA | Adtalem Global Education Inc. | $4.8M | 0.52% | 46,811 | Common | SOLE |
| 89417E109 | TRV | Travelers Companies, Inc. | $4.8M | 0.52% | 16,592 | Common | SOLE |
| 444859102 | HUM | Humana Inc. | $4.7M | 0.50% | 18,186 | Common | SOLE |
| 920253101 | VMI | Valmont Industries Inc. | $4.6M | 0.50% | 11,498 | Common | SOLE |
| 913903100 | UHS | Universal Health Services Inc. | $4.6M | 0.50% | 21,072 | Common | SOLE |
| 80105N105 | SNY | Sanofi SA Sponsored ADR | $4.5M | 0.49% | 93,850 | Common | SOLE |
| 46138K103 | FXE | Invesco CurrencyShares Euro Tr | $4.5M | 0.48% | 41,165 | Common | SOLE |
| 78467J100 | SSNC | SS&C Technologies Holdings, In | $4.4M | 0.48% | 50,865 | Common | SOLE |
| 754730109 | RJF | Raymond James Financial Inc | $4.4M | 0.48% | 27,534 | Common | SOLE |
| 464287226 | AGG | iShares Core Total U.S. Bond M | $4.3M | 0.46% | 42,755 | Common | SOLE |
| 04621X108 | AIZ | Assurant Inc. | $4.2M | 0.45% | 17,403 | Common | SOLE |
| 92206C714 | VONV | Vanguard Russell 1000 Value ET | $4.2M | 0.45% | 45,234 | Common | SOLE |
| 020002101 | ALL | Allstate Corp. | $4.1M | 0.45% | 19,838 | Common | SOLE |
| 81369Y852 | XLC | Communication Services Select | $4.1M | 0.45% | 35,077 | Common | SOLE |
| 767204100 | RIO | Rio Tinto PLC ADS | $4.1M | 0.44% | 50,899 | Common | SOLE |
| 570535104 | MKL | Markel Group Inc. | $4.1M | 0.44% | 1,890 | Common | SOLE |
| 64111Q104 | NTGR | Netgear Inc | $3.9M | 0.42% | 159,432 | Common | SOLE |
| 29446Y502 | EQX | Equinox Gold Corp. | $3.9M | 0.42% | 275,129 | Common | SOLE |
| 92839U206 | VC | Visteon Corp | $3.9M | 0.42% | 40,502 | Common | SOLE |
| 729132100 | PLXS | Plexus Corp. | $3.8M | 0.41% | 26,004 | Common | SOLE |
| 46137V381 | RSPD | Invesco S&P 500 Equal Weight C | $3.8M | 0.41% | 65,981 | Common | SOLE |
| 913915104 | UTI | Universal Technical Institute | $3.7M | 0.40% | 141,748 | Common | SOLE |
| 81369Y209 | XLV | Health Care Select Sector SPDR | $3.6M | 0.39% | 23,503 | Common | SOLE |
| 126349109 | CSN | CSG Systems International Inc. | $3.6M | 0.39% | 46,602 | Common | SOLE |
| 577933104 | MMS | Maximus Inc. | $3.6M | 0.38% | 41,228 | Common | SOLE |
| 675232102 | OII | Oceaneering International, Inc | $3.5M | 0.38% | 147,639 | Common | SOLE |
| 60855R100 | MOH | Molina Healthcare Inc. | $3.5M | 0.38% | 20,027 | Common | SOLE |
| 74349Y837 | PSQ | ProShares Short QQQ | $3.4M | 0.37% | 112,873 | Common | SOLE |
| 126650100 | CVS | CVS Health Corp. | $3.4M | 0.37% | 42,758 | Common | SOLE |
| 29261A100 | EHC | Encompass Health Corporation | $3.3M | 0.36% | 31,168 | Common | SOLE |
| 71363P106 | PRDO | Perdoceo Education Corporation | $3.2M | 0.35% | 110,773 | Common | SOLE |
| 36262G101 | GXO | GXO Logistics Inc | $3.2M | 0.35% | 61,244 | Common | SOLE |
| 697900108 | PAAS | Pan American Silver Corp. | $3.2M | 0.35% | 62,115 | Common | SOLE |
| 443320106 | HUBG | Hub Group Inc (Cl A) | $3.2M | 0.34% | 74,238 | Common | SOLE |
| 464287556 | IBB | iShares NASDAQ Biotechnology I | $3.1M | 0.33% | 18,188 | Common | SOLE |
| 364760108 | GAP | Gap Inc. | $3.0M | 0.33% | 119,070 | Common | SOLE |
| 917047102 | URBN | Urban Outfitters Inc | $3.0M | 0.32% | 39,422 | Common | SOLE |
| 861896108 | SNEX | StoneX Group Inc. | $2.9M | 0.31% | 30,487 | Common | SOLE |
| 74349Y753 | SH | ProShares Trust Short S&P500 | $2.8M | 0.30% | 77,821 | Common | SOLE |
| 464288828 | IHF | iShares U.S. Healthcare Provid | $2.8M | 0.30% | 57,746 | Common | SOLE |
| 443628102 | HBM | HudBay Minerals Inc. | $2.8M | 0.30% | 138,738 | Common | SOLE |
| 92189F106 | GDX | VanEck Gold Miners ETF | $2.7M | 0.29% | 31,317 | Common | SOLE |
| 52110M109 | LAZ | Lazard Ltd. | $2.7M | 0.29% | 55,271 | Common | SOLE |
| 013872106 | AA | Alcoa Inc. | $2.6M | 0.28% | 49,245 | Common | SOLE |
| 410867105 | THG | Hanover Insurance Group Inc. | $2.6M | 0.28% | 14,193 | Common | SOLE |
| 20602D101 | CNXC | Concentrix Corporation | $2.6M | 0.28% | 61,463 | Common | SOLE |
| 00766T100 | ACM | AECOM | $2.5M | 0.27% | 26,652 | Common | SOLE |
| 253798102 | DGII | Digi International Inc. | $2.5M | 0.27% | 56,738 | Common | SOLE |
| G9618E107 | WTM | White Mountains Insurance Grou | $2.3M | 0.25% | 1,117 | Common | SOLE |
| 46434G764 | EMXC | iShares MSCI Emerging Markets | $2.2M | 0.23% | 29,743 | Common | SOLE |
| 08160H101 | BHE | Benchmark Electronics Inc. | $2.0M | 0.22% | 47,626 | Common | SOLE |
| 126501105 | CTS | CTS Corp | $1.8M | 0.20% | 42,763 | Common | SOLE |
| 464287192 | IYT | iShares US Transportation ETF | $1.3M | 0.15% | 18,029 | Common | SOLE |
| 81369Y704 | XLI | Industrial Select Sector SPDR | $975,084 | 0.11% | 6,286 | Common | SOLE |
| 46434G848 | PICK | iShares MSCI Global Metals & M | $936,493 | 0.10% | 18,241 | Common | SOLE |
| 56167R705 | LST | Leuthold Select Industries ET | $932,363 | 0.10% | 23,222 | Common | SOLE |
| 464288786 | IAK | iShares U.S. Insurance ETF | $925,275 | 0.10% | 6,796 | Common | SOLE |
| 92189F692 | PPH | VanEck Vectors Pharmaceutical | $905,729 | 0.10% | 8,779 | Common | SOLE |
| 46137V779 | PKB | Invesco Building & Constructio | $887,012 | 0.10% | 9,580 | Common | SOLE |
| 78464A714 | XRT | SPDR S&P Retail ETF | $877,293 | 0.09% | 10,286 | Common | SOLE |
| 92206C409 | VCSH | Vanguard Short-Term Corporate | $817,950 | 0.09% | 10,259 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp. | $815,183 | 0.09% | 6,774 | Common | SOLE |
| 05964H105 | SAN | Banco Santander S.A. ADR | $796,150 | 0.09% | 67,873 | Common | SOLE |
| 46138E628 | KBWB | Invesco KBW Bank ETF | $721,017 | 0.08% | 8,554 | Common | SOLE |
| 37045V100 | GM | General Motors Co. | $686,991 | 0.07% | 8,448 | Common | SOLE |
| 92189H607 | OIH | VanEck Oil Services ETF | $657,819 | 0.07% | 2,310 | Common | SOLE |
| 92206C102 | VGSH | Vanguard Short-Term Treasury E | $654,898 | 0.07% | 11,151 | Common | SOLE |
| 003261104 | BCI | Aberdeen Standard Bloomberg Al | $641,385 | 0.07% | 32,841 | Common | SOLE |
| 038222105 | AMAT | Applied Materials Inc. | $626,542 | 0.07% | 2,438 | Common | SOLE |
| 247361702 | DAL | Delta Air Lines Inc. | $623,351 | 0.07% | 8,982 | Common | SOLE |
| 872590104 | TMUS | T-Mobile US Inc | $622,318 | 0.07% | 3,065 | Common | SOLE |
| 92857W308 | VOD | Vodafone Group PLC ADS | $618,717 | 0.07% | 46,837 | Common | SOLE |
| 78464A771 | KCE | SPDR S&P Capital Markets ETF | $611,711 | 0.07% | 4,080 | Common | SOLE |
| 60687Y109 | MFG | Mizuho Financial Group Inc. AD | $601,397 | 0.06% | 82,158 | Common | SOLE |
| H42097107 | UBS | UBS Group AG (new) | $571,512 | 0.06% | 12,341 | Common | SOLE |
| N07059210 | ASML | ASML Holding N.V. | $569,166 | 0.06% | 532 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Company Class A | $563,148 | 0.06% | 12,366 | Common | SOLE |
| 680223104 | ORI | Old Republic International Cor | $539,419 | 0.06% | 11,819 | Common | SOLE |
| G0692U109 | AXS | Axis Capital Holdings Ltd | $494,327 | 0.05% | 4,616 | Common | SOLE |
| 02390A101 | AMX | America Movil S.A.B. de C.V. A | $466,005 | 0.05% | 22,545 | Common | SOLE |
| 81619Q105 | SEM | Select Medical Holdings Corpor | $464,270 | 0.05% | 31,264 | Common | SOLE |
| 45841N107 | IBKR | Interactive Brokers Group Inc. | $457,244 | 0.05% | 7,110 | Common | SOLE |
| 018581108 | BFH | Bread Financial Holdings, Inc. | $445,661 | 0.05% | 6,020 | Common | SOLE |
| 031652100 | AMKR | Amkor Technology Inc. | $438,386 | 0.05% | 11,104 | Common | SOLE |
| 635906100 | NHC | National HealthCare Corporatio | $432,519 | 0.05% | 3,155 | Common | SOLE |
| 867224107 | SU | Suncor Energy Inc. | $429,937 | 0.05% | 9,692 | Common | SOLE |
| G48833118 | WFRD | Weatherford International plc | $426,204 | 0.05% | 5,446 | Common | SOLE |
| 705015105 | PSO | Pearson Plc Sp Adr | $424,415 | 0.05% | 30,229 | Common | SOLE |
| 540424108 | L | Loews Corp. | $421,556 | 0.05% | 4,003 | Common | SOLE |
| 62955J103 | NOV | NOV Inc. | $419,681 | 0.05% | 26,851 | Common | SOLE |
| 55306N104 | MKSI | MKS Instruments Inc. | $418,356 | 0.05% | 2,618 | Common | SOLE |
| 88706T108 | TIMB | TIM S.A. Sponsored ADR | $406,972 | 0.04% | 20,924 | Common | SOLE |
| 949746101 | WMT2 | Wells Fargo & Co. | $403,929 | 0.04% | 4,334 | Common | SOLE |
| 925550105 | VIAV | Viavi Solutions Inc. | $392,200 | 0.04% | 22,009 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $391,541 | 0.04% | 2,569 | Common | SOLE |
| 89151E109 | TTEN | TotalEnergies SE Sponsored ADR | $386,501 | 0.04% | 5,908 | Common | SOLE |
| 200340107 | CMA | Comerica Inc. | $381,797 | 0.04% | 4,392 | Common | SOLE |
| P31076105 | CPA | Copa Holdings S.A. Cl A | $365,086 | 0.04% | 3,027 | Common | SOLE |
| 40051E202 | ASR | Grupo Aeroportuario del Surest | $361,885 | 0.04% | 1,119 | Common | SOLE |
| 902681105 | UGI | UGI Corp. | $357,569 | 0.04% | 9,553 | Common | SOLE |
| 719405102 | PLAB | Photronics Inc. | $351,520 | 0.04% | 10,985 | Common | SOLE |
| 384637104 | GHC | Graham Holdings Co. | $343,862 | 0.04% | 313 | Common | SOLE |
| 464288257 | ACWI | iShares MSCI ACWI ETF | $337,878 | 0.04% | 2,388 | Common | SOLE |
| 00108J109 | ACMR | ACM Research, Inc. Class A | $329,881 | 0.04% | 8,362 | Common | SOLE |
| 552690109 | MDU | MDU Resources Group, Inc. | $311,656 | 0.03% | 15,966 | Common | SOLE |
| 15135U109 | CVE | Cenovus Energy Inc. | $305,575 | 0.03% | 18,060 | Common | SOLE |
| 55261F104 | MTB | M&T Bank Corp. | $298,190 | 0.03% | 1,480 | Common | SOLE |
| 46429B291 | QLTA | iShares Aaa-A Rated Corporate | $292,724 | 0.03% | 6,087 | Common | SOLE |
| 457651107 | INVX | Innovex International, Inc. | $282,167 | 0.03% | 12,902 | Common | SOLE |
| 680033107 | ONB | Old National Bancorp | $277,403 | 0.03% | 12,434 | Common | SOLE |
| 33939L779 | MBSD | FlexShares Disciplined Duratio | $276,349 | 0.03% | 13,302 | Common | SOLE |
| M9T951109 | ZIM | ZIM Integrated Shipping Servic | $271,256 | 0.03% | 12,777 | Common | SOLE |
| 279158109 | EC | Ecopetrol SA Sponsored ADR | $262,965 | 0.03% | 26,244 | Common | SOLE |
| Y27183600 | GSL | Global Ship Lease, Inc. Class | $261,854 | 0.03% | 7,473 | Common | SOLE |
| 808524755 | FNDF | Schwab Fundamental Internation | $261,359 | 0.03% | 5,781 | Common | SOLE |
| H1467J104 | CB | Chubb Limited | $255,938 | 0.03% | 820 | Common | SOLE |
| 064149107 | BNS | Bank of Nova Scotia | $250,472 | 0.03% | 3,399 | Common | SOLE |
| 46432F339 | QUAL | iShares Edge MSCI USA Quality | $246,090 | 0.03% | 1,239 | Common | SOLE |
| 646025106 | NJR | New Jersey Resources Corp. | $245,958 | 0.03% | 5,333 | Common | SOLE |
| 29446M102 | EQNR | Equinor ASA Sponsored ADR | $231,290 | 0.02% | 9,788 | Common | SOLE |
| 46434V621 | DGRO | iShares Core Dividend Growth E | $228,739 | 0.02% | 3,295 | Common | SOLE |
| 81369Y100 | XLB | Materials Select Sector SPDR F | $227,566 | 0.02% | 5,018 | Common | SOLE |
| 57686G105 | MATX | Matson, Inc. | $222,266 | 0.02% | 1,799 | Common | SOLE |
| 46429B697 | USMV | iShares Edge MSCI Min Vol USA | $220,146 | 0.02% | 2,338 | Common | SOLE |
| 464287804 | IJR | iShares S&P Small Cap 600 Inde | $210,796 | 0.02% | 1,754 | Common | SOLE |
| 464288653 | TLH | iShares 10-20 Year Treasury Bo | $208,220 | 0.02% | 2,048 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.