Kestra Advisory Services, LLC

13F filer, CIK 1830819, AUSTIN, TX

Kestra Advisory Services, LLC reported $21,862,039,779 across 2,893 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 18.56% of the portfolio.

Filed 2025-11-14 (acceptance time not in the bulk data set), ingested 2026-10-07 03:02:25 UTC13F-HR 0001830819-25-000013

Period: 2025-09-30
Reported value: $21.9B
Holdings: 2,893
Top 10 weight: 18.56%
New: 257
Sold out: 179

Part of the filer group Kestra Advisory Services, LLC

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
BNDadded	+900,376	$67M
MSFTadded	+90,664	$47M
BUFRadded	+1,338,785	$44.7M
RSPadded	+201,569	$38.2M
IEFadded	+289,555	$27.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
BRK-Areduced	-1,233	-$930M
OEFreduced	-594,327	-$198M
BLVreduced	-881,776	-$62.5M
SCHBreduced	-1,936,258	-$49.8M
IVVreduced	-72,758	-$48.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001830819-25-000013, largest first. % of portfolio is the value over $21,839,535,884, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
HIGHSIMPLIFY EXCHANGE TRADED FUN	12,033	$278K	<0.01%	-1,019	Timeline
ITTITT INC	1,554	$278K	<0.01%	-291	Timeline
NOVMFIRST TR EXCHNG TRADED FD VI	8,630	$278K	<0.01%	new	Timeline
TAXXBONDBLOXX ETF TRUST	5,440	$277K	<0.01%	new	Timeline
MSEXMIDDLESEX WTR CO	5,122	$277K	<0.01%	-50	Timeline
TCPCBLACKROCK TCP CAPITAL CORP	44,708	$277K	<0.01%	-12,074	Timeline
SEPTAIM ETF PRODUCTS TRUST	8,035	$277K	<0.01%	-4,415	Timeline
IGPTINVESCO EXCHANGE TRADED FD T	5,118	$277K	<0.01%	+239	Timeline
XBILRBB FD INC	5,494	$276K	<0.01%	+400	Timeline
DLYDOUBLELINE YIELD OPPORTUNITI	18,226	$275K	<0.01%	new	Timeline
CLMCORNERSTONE STRATEGIC INVEST	33,188	$275K	<0.01%	-1,259	Timeline
FLUTFLUTTER ENTMT PLC	1,081	$275K	<0.01%	+63	Timeline
RAAXVANECK ETF TRUST	7,958	$274K	<0.01%	+415	Timeline
OCTTAIM ETF PRODUCTS TRUST	6,420	$274K	<0.01%	-1,400	Timeline
BBJPJ P MORGAN EXCHANGE TRADED F	4,125	$274K	<0.01%	new	Timeline
KNOVINNOVATOR ETFS TRUST	9,901	$273K	<0.01%	-2,111	Timeline
OLPONE LIBERTY PPTYS INC	12,343	$273K	<0.01%	new	Timeline
HUSVFIRST TR EXCH TRADED FD III	6,842	$273K	<0.01%	-3,161	Timeline
PCYINVESCO EXCH TRADED FD TR II	12,587	$271K	<0.01%	-857	Timeline
IBTOISHARES TR	10,963	$270K	<0.01%	+16	Timeline
JULTAIM ETF PRODUCTS TRUST	6,135	$269K	<0.01%	-696	Timeline
TKOTKO GROUP HOLDINGS INC	1,331	$269K	<0.01%	+135	Timeline
PMMFRANKLIN MANAGED MUN INCOME	44,477	$269K	<0.01%	+3,842	Timeline
ZETAZETA GLOBAL HOLDINGS CORP	13,519	$269K	<0.01%	new	Timeline
TALOTALOS ENERGY INC	28,000	$269K	<0.01%	-1,000	Timeline
GLPGLOBAL PARTNERS LP	5,593	$268K	<0.01%	+1,655	Timeline
IPACISHARES TR	3,654	$268K	<0.01%	new	Timeline
WTWISDOMTREE INC	19,243	$267K	<0.01%	+5,475	Timeline
JPUSJ P MORGAN EXCHANGE TRADED F	2,156	$267K	<0.01%	-243	Timeline
AIRAAR CORP	2,978	$267K	<0.01%	new	Timeline
SHENSHENANDOAH TELECOMMUNICATION	19,892	$267K	<0.01%	0	Timeline
SNAPSNAP INC	34,586	$267K	<0.01%	-804	Timeline
WSBCWESBANCO INC	8,344	$266K	<0.01%	new	Timeline
CQPCHENIERE ENERGY PARTNERS L P	4,948	$266K	<0.01%	-613	Timeline
MLPAGLOBAL X FDS	5,498	$266K	<0.01%	-7,966	Timeline
NMINUVEEN MUN INCOME FD INC	26,832	$266K	<0.01%	-6,242	Timeline
SMFGSUMITOMO MITSUI FIN GRP INC	15,873	$266K	<0.01%	-25,333	Timeline
DMAXISHARES TR	10,043	$265K	<0.01%	+501	Timeline
AMHAMERICAN HOMES 4 RENT	7,967	$265K	<0.01%	new	Timeline
UTZUTZ BRANDS INC	21,797	$265K	<0.01%	+954	Timeline
STCSTEWART INFORMATION SVCS COR	3,608	$265K	<0.01%	+45	Timeline
PAGPENSKE AUTOMOTIVE GRP INC	1,521	$265K	<0.01%	+12	Timeline
PEYINVESCO EXCHANGE TRADED FD T	12,513	$264K	<0.01%	-2,511	Timeline
SNSRGLOBAL X FDS	6,730	$263K	<0.01%	+1,346	Timeline
IDAIDACORP INC	1,987	$263K	<0.01%	new	Timeline
UYGPROSHARES TR	2,637	$262K	<0.01%	+5	Timeline
LMNDLEMONADE INC	4,885	$261K	<0.01%	new	Timeline
CATHGLOBAL X FDS	3,225	$261K	<0.01%	-26	Timeline
CHHCHOICE HOTELS INTL INC	2,443	$261K	<0.01%	+32	Timeline
FWONKLIBERTY MEDIA CORP DEL	2,495	$261K	<0.01%	new	Timeline
ALAIR LEASE CORP	4,084	$260K	<0.01%	-556	Timeline
FIGFIGMA INC	5,001	$259K	<0.01%	new	Timeline
SPLBSPDR SERIES TRUST	11,203	$259K	<0.01%	-2,886	Timeline
AALAMERICAN AIRLINES GROUP INC	23,037	$259K	<0.01%	-19,876	Timeline
ENVXENOVIX CORPORATION	25,872	$258K	<0.01%	+6,850	Timeline
VGIVIRTUS GLOBAL MULTI-SECTOR I	32,443	$258K	<0.01%	-1,932	Timeline
OVVOVINTIV INC	6,363	$257K	<0.01%	-9,731	Timeline
JRSNUVEEN REAL ESTATE INCOME FD	31,390	$257K	<0.01%	+19,727	Timeline
XCHYXCALAMOS CONV & HIGH INCOME F	22,866	$257K	<0.01%	-49,046	Timeline
PGHYINVESCO EXCH TRADED FD TR II	12,836	$257K	<0.01%	-116	Timeline
OSBCOLD SECOND BANCORP INC DEL	14,802	$256K	<0.01%	new	Timeline
UBNDVICTORY PORTFOLIOS II	11,600	$256K	<0.01%	+2,100	Timeline
KDKYNDRYL HLDGS INC	8,502	$255K	<0.01%	+176	Timeline
STXVEA SERIES TRUST	7,878	$255K	<0.01%	+2	Timeline
FAXABRDN ASIA PACIFIC INCOME FU	15,597	$254K	<0.01%	+1,334	Timeline
JPSEJ P MORGAN EXCHANGE TRADED F	5,098	$254K	<0.01%	-4,828	Timeline
SXISTANDEX INTL CORP	1,198	$254K	<0.01%	-2,116	Timeline
FAFFIRST AMERN FINL CORP	3,948	$254K	<0.01%	-116	Timeline
MURMURPHY OIL CORP	8,924	$254K	<0.01%	-4,149	Timeline
AGZISHARES TR	2,292	$253K	<0.01%	new	Timeline
RSSEFIRST TR EXCHNG TRADED FD VI	11,924	$252K	<0.01%	+433	Timeline
JFRNUVEEN FLOATING RATE INCOME	30,826	$252K	<0.01%	-40,941	Timeline
KWEBKRANESHARES TRUST	6,002	$252K	<0.01%	-1,315	Timeline
WUWESTERN UN CO	31,503	$252K	<0.01%	-29,387	Timeline
SWSMURFIT WESTROCK PLC	5,895	$251K	<0.01%	-779	Timeline
CUZCOUSINS PPTYS INC	8,666	$251K	<0.01%	+230	Timeline
PRNTARK ETF TR	10,789	$251K	<0.01%	-796	Timeline
AUGUAIM ETF PRODUCTS TRUST	8,628	$250K	<0.01%	new	Timeline
WTMWHITE MTNS INS GROUP LTD	149	$250K	<0.01%	+21	Timeline
SBSCOMPANHIA DE SANEAMENTO BASI	10,031	$250K	<0.01%	new	Timeline
SBIOALPS ETF TR	6,414	$249K	<0.01%	-3,910	Timeline
LTPZPIMCO ETF TR	4,675	$249K	<0.01%	-1,697	Timeline
DECTAIM ETF PRODUCTS TRUST	6,986	$248K	<0.01%	-8,369	Timeline
PMLPIMCO MUN INCOME FD II	31,194	$247K	<0.01%	+15,202	Timeline
PBJLPGIM ROCK ETF TR	8,375	$246K	<0.01%	-5,450	Timeline
FBCVFIDELITY COVINGTON TRUST	7,211	$246K	<0.01%	new	Timeline
BUFTFIRST TR EXCHNG TRADED FD VI	10,162	$245K	<0.01%	+50	Timeline
EUSBISHARES TR	5,575	$245K	<0.01%	-257	Timeline
PDBCINVESCO ACTVELY MNGD ETC FD	18,173	$244K	<0.01%	-14,319	Timeline
SCHCSCHWAB STRATEGIC TR	5,361	$244K	<0.01%	new	Timeline
NIONIO INC	32,018	$244K	<0.01%	+4,554	Timeline
LYGLLOYDS BANKING GROUP PLC	53,581	$243K	<0.01%	-3,414	Timeline
PEXLPACER FDS TR	4,241	$243K	<0.01%	-407	Timeline
BENFRANKLIN TEMPLETON INC	10,512	$243K	<0.01%	-8,948	Timeline
UFPTUFP TECHNOLOGIES INC	1,217	$243K	<0.01%	+240	Timeline
NNENANO NUCLEAR ENERGY INC	6,298	$243K	<0.01%	+145	Timeline
UNTYUNITY BANCORP INC	4,968	$243K	<0.01%	-300	Timeline
VSDMVANGUARD MUN BD FDS	3,165	$243K	<0.01%	new	Timeline
NMARINNOVATOR ETFS TRUST	8,426	$242K	<0.01%	-8,814	Timeline
PRIPRIMERICA INC	870	$241K	<0.01%	-23	Timeline
GPIGROUP 1 AUTOMOTIVE INC	549	$240K	<0.01%	-113	Timeline
URTYPROSHARES TR	4,520	$240K	<0.01%	new	Timeline
QLDPROSHARES TR	1,745	$239K	<0.01%	-82	Timeline
EWBCEAST WEST BANCORP INC	2,245	$239K	<0.01%	-367	Timeline
AFRMAFFIRM HLDGS INC	3,268	$239K	<0.01%	-1,060	Timeline
VLYVALLEY NATL BANCORP	22,503	$239K	<0.01%	+142	Timeline
ERTHINVESCO EXCHANGE TRADED FD T	5,003	$238K	<0.01%	-90	Timeline
RLIRLI CORP	3,655	$238K	<0.01%	-16	Timeline
BIOBIO RAD LABS INC	849	$238K	<0.01%	new	Timeline
QQQJINVESCO EXCH TRADED FD TR II	6,642	$238K	<0.01%	-7,056	Timeline
SMSM ENERGY COMPANY	9,486	$237K	<0.01%	-1,343	Timeline
AGMITHEMES ETF TR	4,382	$236K	<0.01%	new	Timeline
VNQIVANGUARD INTL EQUITY INDEX F	4,949	$236K	<0.01%	-178,162	Timeline
CUTINVESCO EXCH TRADED FD TR II	7,993	$236K	<0.01%	-1,242	Timeline
WSFSWSFS FINL CORP	4,370	$236K	<0.01%	-11	Timeline
ESOAENERGY SERVICES OF AMER CORP	22,761	$236K	<0.01%	-2,098	Timeline
COOCOOPER COS INC	3,434	$235K	<0.01%	-1,726	Timeline
VSATVIASAT INC	8,030	$235K	<0.01%	new	Timeline
SBRSABINE RTY TR	2,956	$235K	<0.01%	new	Timeline
RIOTRIOT PLATFORMS INC	12,339	$235K	<0.01%	-3,039	Timeline
NSSCNAPCO SEC TECHNOLOGIES INC	5,464	$235K	<0.01%	-2,000	Timeline
FDUSFIDUS INVT CORP	11,576	$235K	<0.01%	new	Timeline
CRBNISHARES TR	1,032	$234K	<0.01%	0	Timeline
URBNURBAN OUTFITTERS INC	3,271	$234K	<0.01%	new	Timeline
IBMQISHARES TR	9,109	$234K	<0.01%	-9,972	Timeline
ALEALLETE INC	3,516	$233K	<0.01%	-246	Timeline
HYGVFLEXSHARES TR	5,663	$233K	<0.01%	+79	Timeline
PHYLPGIM ETF TR	6,526	$233K	<0.01%	new	Timeline
EDIVSPDR INDEX SHS FDS	5,993	$233K	<0.01%	new	Timeline
DJTTRUMP MEDIA & TECHNOLOGY GRO	14,117	$232K	<0.01%	+1,031	Timeline
QTJLINNOVATOR ETFS TRUST	6,050	$231K	<0.01%	-206	Timeline
EYLDCAMBRIA ETF TR	6,197	$231K	<0.01%	-757	Timeline
LGHNORTHERN LTS FD TR III	3,817	$231K	<0.01%	0	Timeline
AAALCOA CORP	6,995	$230K	<0.01%	-504	Timeline
FETHFIDELITY ETHEREUM FD	5,535	$230K	<0.01%	new	Timeline
RSJNFIRST TR EXCHNG TRADED FD VI	6,794	$230K	<0.01%	0	Timeline
SEPUAIM ETF PRODUCTS TRUST	8,060	$230K	<0.01%	-2,592	Timeline
BFAMBRIGHT HORIZONS FAM SOL IN D	2,109	$229K	<0.01%	-221	Timeline
VVVVALVOLINE INC	6,363	$228K	<0.01%	+169	Timeline
CROXCROCS INC	2,733	$228K	<0.01%	-2,676	Timeline
PIOINVESCO EXCH TRADED FD TR II	5,085	$228K	<0.01%	-507	Timeline
PNQIINVESCO EXCHANGE TRADED FD T	4,089	$228K	<0.01%	-415	Timeline
BSJTINVESCO EXCH TRD SLF IDX FD	10,485	$226K	<0.01%	+1,117	Timeline
HYBLSSGA ACTIVE TR	7,872	$226K	<0.01%	+320	Timeline
NLOPNET LEASE OFFICE PROPERTIES	7,598	$225K	<0.01%	new	Timeline
SGDMSPROTT ETF TRUST	3,631	$225K	<0.01%	new	Timeline
KFEBINNOVATOR ETFS TRUST	8,400	$225K	<0.01%	-1,995	Timeline
MRNAMODERNA INC	8,696	$225K	<0.01%	-2,369	Timeline
ELCVSTRATEGY SHS	8,394	$224K	<0.01%	-6,735	Timeline
BDVLBLACKROCK ETF TRUST	8,959	$224K	<0.01%	new	Timeline
AIC3 AI INC	12,913	$224K	<0.01%	-14,137	Timeline
SHAKSHAKE SHACK INC	2,389	$224K	<0.01%	-492	Timeline
VRRMVERRA MOBILITY CORP	9,049	$224K	<0.01%	new	Timeline
EBUFINNOVATOR ETFS TRUST	7,946	$223K	<0.01%	0	Timeline
JVALJ P MORGAN EXCHANGE TRADED F	4,700	$223K	<0.01%	new	Timeline
HNDLSTRATEGY SHS	10,019	$223K	<0.01%	-488	Timeline
SIRISIRIUSXM HOLDINGS INC	9,565	$223K	<0.01%	-1,328	Timeline
INTAINTAPP INC	5,436	$222K	<0.01%	new	Timeline
ASHRDBX ETF TR	6,732	$222K	<0.01%	new	Timeline
BCEBCE INC	9,489	$222K	<0.01%	-2,516	Timeline
QBFINNOVATOR ETFS TRUST	8,147	$222K	<0.01%	new	Timeline
RMBSRAMBUS INC DEL	2,129	$222K	<0.01%	new	Timeline
CAPEDOUBLELINE ETF TRUST	6,806	$222K	<0.01%	0	Timeline
PAHCPHIBRO ANIMAL HEALTH CORP	5,476	$222K	<0.01%	new	Timeline
APOCINNOVATOR ETFS TRUST	8,543	$221K	<0.01%	-32,292	Timeline
EWGISHARES INC	5,321	$221K	<0.01%	+72	Timeline
JNEUAIM ETF PRODUCTS TRUST	7,401	$221K	<0.01%	0	Timeline
FDGAMERICAN CENTY ETF TR	1,827	$220K	<0.01%	-9,353	Timeline
EVMOMORGAN STANLEY ETF TRUST	4,342	$219K	<0.01%	new	Timeline
APUETRUST FOR PROFESSIONAL MANAG	5,379	$219K	<0.01%	-49	Timeline
EZUISHARES INC	3,536	$219K	<0.01%	-778	Timeline
NTRSNORTHERN TR CORP	1,626	$219K	<0.01%	new	Timeline
CERYSPDR SERIES TRUST	7,620	$218K	<0.01%	new	Timeline
IWXISHARES TR	2,478	$218K	<0.01%	-550	Timeline
CVSBMORGAN STANLEY ETF TRUST	4,292	$218K	<0.01%	new	Timeline
NXPNUVEEN SELECT TAX-FREE INCOM	15,042	$218K	<0.01%	+1,423	Timeline
CIOCITY OFFICE REIT INC	31,240	$217K	<0.01%	new	Timeline
BLBDBLUE BIRD CORP	3,761	$216K	<0.01%	new	Timeline
CLIPGLOBAL X FDS	2,155	$216K	<0.01%	-835	Timeline
ENSENERSYS	1,915	$216K	<0.01%	new	Timeline
FLGFLAGSTAR BANK NATIONAL ASSOC	18,724	$216K	<0.01%	-2	Timeline
QLYSQUALYS INC	1,634	$216K	<0.01%	+161	Timeline
INVHINVITATION HOMES INC	7,366	$216K	<0.01%	new	Timeline
SHYDVANECK ETF TRUST	9,423	$216K	<0.01%	-215	Timeline
YETIYETI HLDGS INC	6,497	$216K	<0.01%	-2,635	Timeline
PSMOPACER FDS TR	7,142	$215K	<0.01%	0	Timeline
GIBCGI INC	2,415	$215K	<0.01%	new	Timeline
OCTPPGIM ROCK ETF TR	7,250	$215K	<0.01%	new	Timeline
CLOUGLOBAL X FDS	9,253	$215K	<0.01%	-500	Timeline
APXMFIRST TR EXCHNG TRADED FD VI	7,000	$215K	<0.01%	0	Timeline
APIETRUST FOR PROFESSIONAL MANAG	6,040	$214K	<0.01%	-95	Timeline
FRFIRST INDL RLTY TR INC	4,162	$214K	<0.01%	new	Timeline
TECBISHARES TR	3,538	$214K	<0.01%	new	Timeline
SITESITEONE LANDSCAPE SUPPLY INC	1,652	$213K	<0.01%	-31	Timeline
USPHU S PHYSICAL THERAPY	2,503	$213K	<0.01%	new	Timeline
PENPENUMBRA INC	839	$212K	<0.01%	-114	Timeline
FCNFTI CONSULTING INC	1,313	$212K	<0.01%	-31	Timeline
PSPINVESCO EXCHANGE TRADED FD T	3,074	$212K	<0.01%	-14	Timeline
BKIEBNY MELLON ETF TRUST	2,364	$212K	<0.01%	new	Timeline
SPXCSPX TECHNOLOGIES INC	1,133	$212K	<0.01%	-644	Timeline
MVSTMICROVAST HOLDINGS INC	54,812	$211K	<0.01%	new	Timeline
LTBRLIGHTBRIDGE CORP	9,940	$211K	<0.01%	new	Timeline
PTBDPACER FDS TR	10,623	$211K	<0.01%	-3,345	Timeline
CPSACALAMOS ETF TR	7,900	$210K	<0.01%	-600	Timeline
NTESNETEASE COM INC	1,385	$210K	<0.01%	-254	Timeline
EBNDSPDR SERIES TRUST	9,845	$210K	<0.01%	-6,614	Timeline
EMBJEMBRAER S.A.	3,472	$210K	<0.01%	new	Timeline
CWANCLEARWATER ANALYTICS HLDGS I	11,641	$210K	<0.01%	-753	Timeline
ACIWACI WORLDWIDE INC	3,975	$210K	<0.01%	new	Timeline
DGTSPDR SERIES TRUST	1,294	$209K	<0.01%	new	Timeline
PSECPROSPECT CAP CORP	76,096	$209K	<0.01%	+4,042	Timeline
BRKRBRUKER CORP	6,437	$209K	<0.01%	new	Timeline
VALVALARIS LTD	4,274	$208K	<0.01%	-5,271	Timeline
PRKPARK NATL CORP	1,280	$208K	<0.01%	-3	Timeline
REXRREXFORD INDL RLTY INC	5,060	$208K	<0.01%	new	Timeline
EWUISHARES TR	4,951	$208K	<0.01%	-255	Timeline
PSRINVESCO ACTIVELY MANAGED EXC	2,239	$207K	<0.01%	new	Timeline
SIGSIGNET JEWELERS LTD	2,161	$207K	<0.01%	new	Timeline
OPPJWISDOMTREE TR	4,975	$207K	<0.01%	new	Timeline
MFAMFA FINL INC	22,543	$207K	<0.01%	+9,880	Timeline
TXUETHORNBURG ETF TR	6,810	$207K	<0.01%	new	Timeline
NJRNEW JERSEY RES CORP	4,282	$206K	<0.01%	-2,535	Timeline
RSPMINVESCO EXCHANGE TRADED FD T	6,290	$206K	<0.01%	new	Timeline
RSMRFIRST TR EXCHNG TRADED FD VI	9,550	$206K	<0.01%	new	Timeline
CCKCROWN HLDGS INC	2,127	$205K	<0.01%	new	Timeline
ROUNDHILLROUNDHILL	37,550	$205K	<0.01%	new
FTSDFRANKLIN ETF TR	2,251	$205K	<0.01%	new	Timeline
RRCRANGE RES CORP	5,420	$204K	<0.01%	-1,597	Timeline
IMVPINVESCO INDIA EXCHANGE-TRADE	8,126	$204K	<0.01%	-6,870	Timeline
ULSUL SOLUTIONS INC	2,868	$203K	<0.01%	new	Timeline
CGOCALAMOS GLOBAL TOTAL RETURN	16,861	$203K	<0.01%	-5,889	Timeline
DFIPDIMENSIONAL ETF TRUST	4,798	$203K	<0.01%	new	Timeline
VGMINVESCO TR INVT GRADE MUNS	20,019	$203K	<0.01%	-452	Timeline
TTEQT ROWE PRICE EXCHANGE-TRADED	6,250	$202K	<0.01%	new	Timeline
EWLISHARES INC	3,644	$201K	<0.01%	-361	Timeline
OSKOSHKOSH CORP	1,550	$201K	<0.01%	new	Timeline
SPEUSPDR INDEX SHS FDS	4,026	$201K	<0.01%	-6,369	Timeline
YLDPRINCIPAL EXCHANGE TRADED FD	10,261	$200K	<0.01%	-997	Timeline
TRINTRINITY CAP INC	12,842	$199K	<0.01%	-835	Timeline
DBLDOUBLELINE OPPORTUNISTIC CR	12,465	$194K	<0.01%	new	Timeline
ERICTELEFONAKTIEBOLAGET LM ERICS	23,375	$193K	<0.01%	+5,223	Timeline
RCREADY CAPITAL CORP	49,629	$192K	<0.01%	-8,606	Timeline
ARQTARCUTIS BIOTHERAPEUTICS INC	10,120	$191K	<0.01%	-1,430	Timeline
HLHECLA MINING COMPANY	15,632	$189K	<0.01%	-134,652	Timeline
MMACYS INC	10,443	$187K	<0.01%	new	Timeline
XFOFXCOHEN & STEERS CLOSED-END	14,295	$186K	<0.01%	new	Timeline
MDUMDU RES GROUP INC	10,359	$184K	<0.01%	new	Timeline
DIAXNUVEEN DOW 30SM DYNAMIC OVERWR	12,318	$183K	<0.01%	-1,009	Timeline
NBHNEUBERGER MUN FD INC	17,707	$183K	<0.01%	+4,986	Timeline
MUXMCEWEN INC.	10,600	$181K	<0.01%	new	Timeline
NEWTNEWTEKONE INC	15,606	$179K	<0.01%	+2,200	Timeline
ZTRVIRTUS TOTAL RETURN FD INC	27,620	$178K	<0.01%	-2,969	Timeline
GBDCGOLUB CAP BDC INC	12,994	$178K	<0.01%	+2,274	Timeline
CLBKCOLUMBIA FINL INC	11,823	$177K	<0.01%	0	Timeline
XNROXNEUBERGER R/EST SECS INC FD	54,530	$176K	<0.01%	+1,329	Timeline
ASXASE TECHNOLOGY HLDG CO LTD	15,879	$176K	<0.01%	+455	Timeline
EARNELLINGTON CREDIT COMPANY	31,932	$174K	<0.01%	+1,275	Timeline
NOKNOKIA CORP	36,123	$174K	<0.01%	+2,678	Timeline
MYIBLACKROCK MUNIYIELD QUALITY	15,652	$173K	<0.01%	+1,873	Timeline
TIDAL TRUST IITIDAL TRUST II	24,841	$171K	<0.01%	+4,037
GNTGAMCO NAT RES GOLD & INCOME	23,807	$167K	<0.01%	+5,757	Timeline
CLSKCLEANSPARK INC	11,446	$166K	<0.01%	-14,137	Timeline
BATTAMPLIFY ETF TR	12,617	$164K	<0.01%	+344	Timeline
AVADEL PHARMACEUTICALSAVADEL PHARMACEUTICALS	10,700	$163K	<0.01%	-1,300
EVNEATON VANCE MUN INCOME TR	14,720	$163K	<0.01%	-2,587	Timeline
RXRXRECURSION PHARMACEUTICALS IN	32,817	$160K	<0.01%	-348	Timeline
EIMEATON VANCE MUN BD FD	15,824	$157K	<0.01%	-1,566	Timeline
WEAVWEAVE COMMUNICATIONS INC	23,269	$155K	<0.01%	new	Timeline
IBRXIMMUNITYBIO INC	61,900	$152K	<0.01%	+21,180	Timeline
EICEAGLE POINT INCOME CO	11,290	$152K	<0.01%	new	Timeline
STLASTELLANTIS N.V	16,227	$152K	<0.01%	+675	Timeline
TMCTMC THE METALS COMPANY INC	23,751	$151K	<0.01%	-16,154	Timeline
GCVGABELLI CONV & INC SECS FD I	35,961	$149K	<0.01%	new	Timeline
NWLNEWELL BRANDS INC	28,302	$148K	<0.01%	-6,243	Timeline
XMVFXBLACKROCK MUNIVEST FUND	21,597	$148K	<0.01%	+255	Timeline
CRFCORNERSTONE TOTAL RETURN FD	18,279	$147K	<0.01%	-3,108	Timeline
PCMPCM FD INC	20,970	$141K	<0.01%	new	Timeline
PUMPPROPETRO HLDG CORP	26,700	$140K	<0.01%	-4,415	Timeline
NVTSNAVITAS SEMICONDUCTOR CORP	19,184	$139K	<0.01%	-1,100	Timeline
HFROHIGHLAND OPPS & INCOME FD	21,490	$136K	<0.01%	-1,976	Timeline
GOODGLADSTONE COMMERCIAL CORP	11,003	$136K	<0.01%	new	Timeline
UAMYUNITED STATES ANTIMONY CORP	21,000	$130K	<0.01%	new	Timeline
COMPCOMPASS INC	16,085	$129K	<0.01%	new	Timeline
FPIFARMLAND PARTNERS INC	11,869	$129K	<0.01%	new	Timeline
MDXGMIMEDX GROUP INC	17,500	$122K	<0.01%	-2,050	Timeline
PKPARK HOTELS & RESORTS INC	10,849	$120K	<0.01%	new	Timeline
VGSRMANAGER DIRECTED PORTFOLIOS	11,284	$120K	<0.01%	new	Timeline
CVRXCVRX INC	14,830	$120K	<0.01%	-250	Timeline
NHSNEUBERGER HIGH YIELD ST FD I	15,871	$119K	<0.01%	+250	Timeline
HOLOMICROCLOUD HOLOGRAM INC	24,000	$118K	<0.01%	new	Timeline
LUNRINTUITIVE MACHINES INC	11,241	$118K	<0.01%	-700	Timeline
BCXBLACKROCK RES & COMMODITIES	11,438	$116K	<0.01%	+1,039	Timeline
WOOFPETCO HEALTH & WELLNESS CO I	30,000	$116K	<0.01%	new	Timeline
SWBISMITH & WESSON BRANDS INC	11,681	$115K	<0.01%	-72,494	Timeline
ONDSONDAS INC	14,836	$115K	<0.01%	new	Timeline
SWZTOTAL RETURN SECURITIES FUND	18,819	$114K	<0.01%	0	Timeline
CCCCCC INTELLIGENT SOLUTIONS HL	12,532	$114K	<0.01%	+2,257	Timeline
IFRXINFLARX NV	85,000	$114K	<0.01%	new	Timeline
RCATRED CAT HLDGS INC	11,000	$114K	<0.01%	new	Timeline
TILRAY INCTILRAY INC	65,493	$113K	<0.01%	+2,322
GHIGREYSTONE HOUSING IMPACT INV	10,834	$112K	<0.01%	new	Timeline
XMQTXBLACKROCK MUNIYIELD QLTY II	11,125	$112K	<0.01%	new	Timeline
PTENPATTERSON-UTI ENERGY INC	21,329	$110K	<0.01%	+4	Timeline
VKQINVESCO MUNICIPAL TRUST	11,350	$110K	<0.01%	+160	Timeline
WENWENDYS CO	11,806	$108K	<0.01%	-3,896	Timeline
NXENEXGEN ENERGY LTD	12,074	$108K	<0.01%	+9	Timeline
TDOCTELADOC HEALTH INC	13,494	$104K	<0.01%	+900	Timeline
SIGASIGA TECHNOLOGIES INC	11,381	$104K	<0.01%	-120	Timeline
RUMRUM GROUP INC	14,282	$103K	<0.01%	-5,742	Timeline
MBIOMUSTANG BIO INC	66,108	$100K	<0.01%	new	Timeline
BCRXBIOCRYST PHARMACEUTICALS INC	13,132	$99.7K	<0.01%	+432	Timeline
FSLYFASTLY INC	11,040	$94.4K	<0.01%	new	Timeline
UWMCUWM HOLDINGS CORPORATION	15,414	$93.9K	<0.01%	new	Timeline
CRONCRONOS GROUP INC	33,709	$93.7K	<0.01%	-5,261	Timeline
GRABGRAB HOLDINGS LIMITED	15,218	$91.6K	<0.01%	-8,993	Timeline
PFLTPENNANTPARK FLOATING RATE CA	10,228	$90.9K	<0.01%	new	Timeline
LUMNLUMEN TECHNOLOGIES INC	14,681	$89.8K	<0.01%	-2,795	Timeline
UAAUNDER ARMOUR INC	17,966	$89.7K	<0.01%	+281	Timeline
TWITITAN INTL INC ILL	11,100	$83.9K	<0.01%	0	Timeline
AKBAAKEBIA THREAPEUTICS INC	29,774	$81.3K	<0.01%	+13,300	Timeline
BRYBerry Corp	21,464	$81.1K	<0.01%	+198	Timeline
BRWSABA CAPITAL INCOME & OPRNT	10,357	$80.5K	<0.01%	-189	Timeline
NATNORDIC AMERICAN TANKERS LIMI	25,272	$79.4K	<0.01%	0	Timeline
ANIXANIXA BIOSCIENCES INC	24,000	$79.2K	<0.01%	+7,000	Timeline
BBAIBIGBEAR AI HLDGS INC	12,065	$78.7K	<0.01%	-1,285	Timeline
CIKUBS ASSET MGMT INCOME FD INC	26,246	$76.9K	<0.01%	+465	Timeline
PLUGPLUG PWR INC	32,637	$76K	<0.01%	-4,402	Timeline
UAUNDER ARMOUR INC	15,721	$75.9K	<0.01%	+893	Timeline
AENTALLIANCE ENTERTAINMENT HOLDI	11,000	$74.9K	<0.01%	0	Timeline
LOANMANHATTAN BRDG CAP INC	13,324	$73.1K	<0.01%	0	Timeline
DERMJOURNEY MED CORP	10,209	$72.7K	<0.01%	new	Timeline
BGSB & G FOODS INC	16,405	$72.7K	<0.01%	-1,565	Timeline
ZDGEZEDGE INC	24,750	$72K	<0.01%	-3,000	Timeline
VTGNVISTAGEN THERAPEUTICS INC	20,033	$71.1K	<0.01%	0	Timeline
CODICOMPASS DIVERSIFIED	10,647	$70.5K	<0.01%	+587	Timeline
MMTABERDEEN MULTI-MARKET INCOME	14,309	$68.4K	<0.01%	new	Timeline
RILYBRC GROUP HOLDINGS INC	11,375	$68K	<0.01%	new	Timeline
AUIDAUTHID INC	20,342	$64.9K	<0.01%	0	Timeline
NGLNGL ENERGY PARTNERS LP	10,454	$62.7K	<0.01%	0	Timeline
GPROGOPRO INC	28,573	$60.6K	<0.01%	+100	Timeline
CTSOCYTOSORBENTS CORP	64,528	$60.3K	<0.01%	-6,352	Timeline
OPKOPKO HEALTH INC	38,807	$60.2K	<0.01%	0	Timeline
EMX RTY CORPEMX RTY CORP	11,000	$56.6K	<0.01%	-20,404
VERIVERITONE INC	11,454	$55.2K	<0.01%	new	Timeline
RGPRESOURCES CONNECTION INC	10,865	$54.9K	<0.01%	new	Timeline
WWRWESTWATER RES INC	56,000	$53.1K	<0.01%	new	Timeline
BLNKBLINK CHARGING CO	31,298	$51.3K	<0.01%	+16,078	Timeline
FLUXFLUX PWR HLDGS INC	13,250	$49.6K	<0.01%	-10,308	Timeline
ABEVAMBEV SA	22,160	$49.4K	<0.01%	+3,166	Timeline
DHXDHI GROUP INC	17,605	$48.9K	<0.01%	new	Timeline
CLOVCLOVER HEALTH INVESTMENTS CO	15,729	$48.1K	<0.01%	+3,246	Timeline
CO-DIAGNOSTICS INCCO-DIAGNOSTICS INC	134,694	$46.3K	<0.01%	+6,029
RNXTRENOVORX INC	35,520	$45.1K	<0.01%	0	Timeline
XCMUXMFS HIGH YIELD MUN TR	12,756	$44.3K	<0.01%	-246	Timeline
PACBPACIFIC BIOSCIENCES CALIF IN	34,206	$43.8K	<0.01%	new	Timeline
XDHYXCREDIT SUISSE HIGH YIELD CRE	20,955	$43.2K	<0.01%	0	Timeline
SLSSELLAS LIFE SCIENCES GROUP I	26,400	$42.5K	<0.01%	new	Timeline
GOSSGOSSAMER BIO INC	16,000	$42.1K	<0.01%	new	Timeline
ONLORION PROPERTIES INC	12,757	$34.4K	<0.01%	new	Timeline
CGENCOMPUGEN LTD	21,500	$31.6K	<0.01%	-59	Timeline
PLBYPLAYBOY INC	19,277	$28.3K	<0.01%	0	Timeline
REKRREKOR SYSTEMS INC	17,819	$28K	<0.01%	+2,293	Timeline
NAKNORTHERN DYNASTY MINERALS LT	22,290	$26.7K	<0.01%	new	Timeline
IOVAIOVANCE BIOTHERAPEUTICS INC	12,191	$26.5K	<0.01%	-21,000	Timeline
TBHCTHE BRAND HOUSE COLLECTIVE I	16,000	$26.1K	<0.01%	new	Timeline
HERZFELD CREDIT INCOME FUNDHERZFELD CREDIT INCOME FUND	10,563	$25.1K	<0.01%	0
PLXPROTALIX BIOTHERAPEUTICS INC	11,000	$24.4K	<0.01%	new	Timeline
SABSSAB BIOTHERAPEUTICS INC	11,930	$24K	<0.01%	0	Timeline
NINE ENERGY SERVICE INCNINE ENERGY SERVICE INC	35,153	$22.2K	<0.01%	-2,807
PRQRPROQR THRAPEUTICS N V	10,000	$21.3K	<0.01%	0	Timeline
GANXGAIN THERAPEUTICS INC	12,000	$21.2K	<0.01%	new	Timeline
MLSSMILESTONE SCIENTIFIC INC	41,100	$18.7K	<0.01%	0	Timeline
SENSEONICS HLDGS INCSENSEONICS HLDGS INC	42,635	$18.6K	<0.01%	+14,800
PSTVPLUS THERAPEUTICS INC	25,800	$17.6K	<0.01%	new	Timeline
LCTXLINEAGE CELL THERAPEUTICS IN	10,100	$17.1K	<0.01%	new	Timeline
QSIQUANTUM SI INC	10,090	$14.2K	<0.01%	-42	Timeline
ILLRTRILLER GROUP INC COM	15,000	$12.5K	<0.01%	0	Timeline
EONREON RESOURCES INC	24,716	$12.1K	<0.01%	+13,700	Timeline
COHEN & STEERS INFRASTRUCTURCOHEN & STEERS INFRASTRUCTUR	141,428	$11K	<0.01%	new
ZTEKFZENTEK LTD	13,000	$9.96K	<0.01%	+2,000	Timeline
TRXTRX GOLD CORPORATION	12,004	$7.49K	<0.01%	new	Timeline
PRESIDIO PPTY TR INCPRESIDIO PPTY TR INC	20,434	$764	<0.01%	-72,420

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	13,700	$9.13M	-16,500
QQQINVESCO QQQ TR COM	put	9,700	$5.82M	+8,700
NVDANVIDIA CORPORATION COM	put	17,000	$3.17M	0
PLTRPALANTIR TECHNOLOGIES INC COM	put	5,000	$912K	new
METAMETA PLATFORMS INC COM	call	1,200	$881K	-2,100
NVDANVIDIA CORPORATION COM	call	4,500	$840K	0
MSTRSTRATEGY INC Stock	call	2,200	$709K	+500
PLTRPALANTIR TECHNOLOGIES INC COM	call	3,100	$566K	new
FCXFREEPORT MCMORAN INC Stock	call	10,000	$392K	new
AURAURORA INNOVATION INC Stock	call	10,000	$53.9K	new
BYNDBEYOND MEAT INC COM	call	15,000	$28.4K	new

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

The largest 100 of 179. All 179

Security	Shares before	Value before	Type
PSMDPACER FDS TR	318,351	$9.69M	shares
PSMRPACER FDS TR	310,896	$8.84M	shares
VCEBVANGUARD WORLD FD	111,164	$7.05M	shares
CPKCHESAPEAKE UTILS CORP	33,426	$4.02M	shares
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	324,519	$3.73M	shares
XHSSPDR SERIES TRUST	29,318	$2.92M	shares
GSGOLDMAN SACHS GROUP INC	4,000	$2.83M	put
WISDOMTREE INCWISDOMTREE INC	25,028	$2.81M	shares
UWMPROSHARES TR	74,417	$2.8M	shares
GLOBAL MED REIT INCGLOBAL MED REIT INC	335,377	$2.32M	shares
AVXCAMERICAN CENTY ETF TR	28,321	$2.25M	shares
PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC	16,000	$1.59M	shares
ISTRINVESTAR HOLDING CORP	82,084	$1.59M	shares
RSPRINVESCO EXCHANGE TRADED FD T	44,751	$1.57M	shares
ANSYS INCANSYS INC	4,388	$1.54M	shares
CBXJCALAMOS ETF TR	57,419	$1.52M	shares
OXFORD LANE CAP CORPOXFORD LANE CAP CORP	347,344	$1.46M	shares
BUFPPGIM ROCK ETF TR	47,432	$1.33M	shares
TIMOTHY PLANTIMOTHY PLAN	50,737	$1.22M	shares
COINBASE GLOBAL INCCOINBASE GLOBAL INC	3,444	$1.21M	shares
WSRWHITESTONE REIT	92,910	$1.16M	shares
SMIGETF SER SOLUTIONS	34,874	$1.01M	shares
BFSTBUSINESS FIRST BANCSHARES IN	38,108	$939K	shares
SOFI TECHNOLOGIES INCSOFI TECHNOLOGIES INC	48,636	$886K	shares
QQQINVESCO QQQ TR	1,500	$827K	call
BLOOM ENERGY CORPBLOOM ENERGY CORP	32,969	$789K	shares
TPBTURNING PT BRANDS INC	10,326	$783K	shares
VIPER ENERGY INC-CL AVIPER ENERGY INC-CL A	20,192	$770K	shares
NEXTERA ENERGY INCNEXTERA ENERGY INC	19,299	$767K	shares
XSVMINVESCO EXCHANGE TRADED FD T	14,037	$730K	shares
SMMTSUMMIT THERAPEUTICS INC	33,423	$711K	shares
MINOPIMCO ETF TR	14,871	$658K	shares
RDNRADIAN GROUP INC	16,361	$589K	shares
OVLYOAK VY BANCORP OAKDALE CALIF	21,118	$575K	shares
VERONA PHARMA PLCVERONA PHARMA PLC	5,955	$563K	shares
OUSMALPS ETF TR	12,730	$550K	shares
SouthState CorpSouthState Corp	5,878	$541K	shares
HCIHCI GROUP INC	3,474	$529K	shares
EWCISHARES INC	11,088	$512K	shares
MLPBUBS AG LONDON BRANCH	19,301	$502K	shares
EUFNISHARES TR	15,821	$500K	shares
LUCID GROUP INCLUCID GROUP INC	237,103	$500K	shares
INODINNODATA INC	9,732	$498K	shares
TGNATEGNA INC	28,451	$477K	shares
REZISHARES TR	5,756	$474K	shares
GSEWGOLDMAN SACHS ETF TR	5,650	$461K	shares
GTLBGITLAB INC	10,045	$453K	shares
SCHHSCHWAB STRATEGIC TR	21,172	$448K	shares
ZGZILLOW GROUP INC	6,414	$439K	shares
CLSTCATALYST BANCORP INC	35,000	$434K	shares
TWOTWO HARBORS INVENTMENT CORPO	39,815	$429K	shares
TECKTECK RESOURCES LTD	10,309	$416K	shares
ENVAENOVA INTL INC	3,675	$410K	shares
JUSTGOLDMAN SACHS ETF TR	4,590	$404K	shares
QTAPINNOVATOR ETFS TRUST	9,585	$403K	shares
DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW	3,243	$383K	shares
FULTFULTON FINL CORP PA	21,118	$381K	shares
INCOCOLUMBIA ETF TR II	5,667	$368K	shares
MARTAIM ETF PRODUCTS TRUST	10,158	$365K	shares
INDSPACER FDS TR	9,299	$344K	shares
FDSFACTSET RESH SYS INC	765	$342K	shares
DRSLEONARDO DRS INC	7,348	$342K	shares
IDHQINVESCO EXCH TRADED FD TR II	10,195	$336K	shares
AZA2Z CUST2MATE SOLUTIONS CORP	31,700	$335K	shares
FNGUBANK OF MONTREAL	12,900	$321K	shares
NVDLGRANITESHARES ETF TR	4,537	$319K	shares
CHTRCHARTER COMMUNICATIONS INC	761	$311K	shares
EWAISHARES INC	11,735	$309K	shares
CWSTCASELLA WASTE SYS INC	2,621	$302K	shares
BNDWVANGUARD SCOTTSDALE FDS	4,360	$302K	shares
DMLPDORCHESTER MINERALS L P	10,800	$301K	shares
NVMINOVA LTD	1,069	$294K	shares
HPHELMERICH & PAYNE INC	18,974	$288K	shares
HESS CORPHESS CORP	2,074	$287K	shares
PBOCPGIM ROCK ETF TR	10,350	$286K	shares
FLRFLUOR CORP	5,542	$284K	shares
AVREAMERICAN CENTY ETF TR	6,137	$271K	shares
NORWGLOBAL X FDS	9,248	$271K	shares
FRIFIRST TR EXCHANGE-TRADED FD	9,958	$269K	shares
AFGAMERICAN FINANCIAL GROUP INC	2,109	$266K	shares
CARTMAPLEBEAR INC	5,842	$264K	shares
EEMAISHARES INC	3,200	$264K	shares
FICSFIRST TR EXCHANGE TRADED FD	6,710	$264K	shares
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INC	2,764	$258K	shares
TOLZPROSHARES TR	4,776	$257K	shares
TTEKTETRA TECH INC NEW	7,133	$256K	shares
GRALGRAIL INC	4,948	$254K	shares
XHLFBONDBLOXX ETF TRUST	5,050	$254K	shares
QFINQFIN HOLDINGS INC	5,852	$254K	shares
CNEQTHE ALGER ETF TRUST	8,500	$252K	shares
EQNREQUINOR ASA	9,989	$251K	shares
INGRINGREDION INC	1,834	$249K	shares
TLTEFLEXSHARES TR	4,205	$247K	shares
GFLGFL ENVIRONMENTAL INC	4,884	$246K	shares
LNTHLANTHEUS HLDGS INC	2,995	$245K	shares
ROADCONSTRUCTION PARTNERS INC	2,304	$245K	shares
AMEDISYS INCAMEDISYS INC	2,488	$245K	shares
MFICMIDCAP FINANCIAL INVSTMNT CO	19,263	$243K	shares
VPCETFIS SER TR I	11,843	$243K	shares
INSPINSPIRE MED SYS INC	1,853	$240K	shares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001830819-25-000013	base		2025-11-14	acceptance time not in the bulk data set	2026-10-07 03:02:25 UTC