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Refined Wealth Management

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13F filer, CIK 1724729, SALT LAKE CITY, UT

Refined Wealth Management reported $148,564,364 across 43 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-15. Its ten largest share positions make up 75.55% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001724729-26-000001

Period
2025-12-31
Reported value
$149M
Holdings
43
Top 10 weight
75.55%
New
8
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VEAadded+16,948$1.06M
QQQadded+1,153$708K
RSPnew+3,162$606K
BITBadded+12,038$573K
VWOnew+9,677$520K

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

SecurityShares changeApprox. value
BIVreduced-3,727-$290K
IBITexited-3,510-$228K
VSGXreduced-2,138-$153K
TLTreduced-956-$83.3K
VCLTreduced-945-$71.7K

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, Q4 2025

Share positions as resolved from 13F-HR 0001724729-26-000001, largest first. % of portfolio is the value over $148,564,364, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VSGXVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 278,944 shares; 2024Q4: 276,644 shares; 2025Q1: 241,653 shares; 2025Q2: 243,425 shares; 2025Q3: 240,811 shares; 2025Q4: 238,673 shares 238,673$17.1M11.51%-2,138Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,582 shares; 2025Q2: 24,987 shares; 2025Q3: 24,473 shares; 2025Q4: 25,626 shares 25,626$15.7M10.6%+1,153Timeline
BNDXVANGUARD CHARLOTTE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 376,961 shares; 2024Q4: 373,457 shares; 2025Q1: 334,233 shares; 2025Q2: 335,394 shares; 2025Q3: 313,503 shares; 2025Q4: 313,035 shares 313,035$15.1M10.18%-468Timeline
COINCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,139 shares; 2024Q4: 49,676 shares; 2025Q1: 57,808 shares; 2025Q2: 58,748 shares; 2025Q3: 58,056 shares; 2025Q4: 58,518 shares 58,518$13.2M8.91%+462Timeline
VTVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 64,348 shares; 2025Q2: 65,211 shares; 2025Q3: 65,001 shares; 2025Q4: 64,777 shares 64,777$12.4M8.33%-224Timeline
BITBBITWISE BITCOIN ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,492 shares; 2024Q4: 135,412 shares; 2025Q1: 178,316 shares; 2025Q2: 179,375 shares; 2025Q3: 187,728 shares; 2025Q4: 199,766 shares 199,766$9.5M6.4%+12,038Timeline
SRLNSSGA ACTIVE ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,134 shares; 2024Q4: 214,675 shares; 2025Q1: 210,079 shares; 2025Q2: 210,651 shares; 2025Q3: 219,125 shares; 2025Q4: 219,927 shares 219,927$9.08M6.11%+802Timeline
BIVVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 97,044 shares; 2025Q2: 97,222 shares; 2025Q3: 101,797 shares; 2025Q4: 98,070 shares 98,070$7.64M5.14%-3,727Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,276 shares; 2024Q4: 25,129 shares; 2025Q1: 16,787 shares; 2025Q2: 16,789 shares; 2025Q3: 16,309 shares; 2025Q4: 16,547 shares 16,547$6.56M4.41%+238Timeline
ENVXENOVIX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 532,954 shares; 2024Q4: 568,606 shares; 2025Q1: 675,449 shares; 2025Q2: 691,161 shares; 2025Q3: 799,290 shares; 2025Q4: 807,937 shares 807,937$5.91M3.98%+8,647Timeline
VCLTVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 102,267 shares; 2024Q4: 101,766 shares; 2025Q1: 65,644 shares; 2025Q2: 65,669 shares; 2025Q3: 67,699 shares; 2025Q4: 66,754 shares 66,754$5.06M3.41%-945Timeline
TLTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 86,088 shares; 2024Q4: 85,837 shares; 2025Q1: 56,930 shares; 2025Q2: 57,026 shares; 2025Q3: 58,962 shares; 2025Q4: 58,006 shares 58,006$5.06M3.4%-956Timeline
VOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,612 shares; 2024Q4: 20,472 shares; 2025Q1: 13,000 shares; 2025Q2: 13,285 shares; 2025Q3: 13,232 shares; 2025Q4: 13,363 shares 13,363$3.88M2.61%+131Timeline
VBVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,206 shares; 2024Q4: 6,182 shares; 2025Q1: 13,718 shares; 2025Q2: 14,081 shares; 2025Q3: 14,092 shares; 2025Q4: 14,167 shares 14,167$3.65M2.46%+75Timeline
NXHNEIGHBORHOOD INTELLIGENCE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 349,332 shares; 2024Q4: 401,095 shares; 2025Q1: 417,987 shares; 2025Q2: 419,149 shares; 2025Q3: 416,058 shares; 2025Q4: 417,346 shares 417,346$2.28M1.53%+1,288Timeline
XRPIVOLATILITY SHS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 160,851 shares; 2025Q4: 174,132 shares 174,132$1.84M1.24%+13,281Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,204 shares; 2025Q4: 25,152 shares 25,152$1.57M1.06%+16,948Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,062 shares; 2024Q4: 5,062 shares; 2025Q1: 4,935 shares; 2025Q2: 4,870 shares; 2025Q3: 4,885 shares; 2025Q4: 6,810 shares 6,810$1.27M0.85%+1,925Timeline
VOOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,423 shares; 2024Q4: 1,443 shares; 2025Q1: 1,957 shares; 2025Q2: 1,959 shares; 2025Q3: 1,963 shares; 2025Q4: 1,966 shares 1,966$1.23M0.83%+3Timeline
NULGNUSHARES ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 227,936 shares; 2024Q4: 219,158 shares; 2025Q1: 13,421 shares; 2025Q2: 12,853 shares; 2025Q3: 12,505 shares; 2025Q4: 12,510 shares 12,510$1.22M0.82%+5Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,829 shares; 2024Q4: 4,829 shares; 2025Q1: 4,536 shares; 2025Q2: 4,283 shares; 2025Q3: 4,293 shares; 2025Q4: 5,132 shares 5,132$1.18M0.8%+839Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,785 shares; 2024Q4: 12,728 shares; 2025Q1: 2,969 shares; 2025Q2: 2,750 shares; 2025Q3: 2,850 shares; 2025Q4: 3,211 shares 3,211$873K0.59%+361Timeline
FTSMFIRST TR EXCHANGE-TRADED FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,977 shares; 2024Q4: 14,811 shares; 2025Q1: 14,811 shares; 2025Q2: 14,811 shares; 2025Q3: 14,811 shares; 2025Q4: 14,209 shares 14,209$852K0.57%-602Timeline
XMAGTIDAL TRUST IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,350 shares; 2025Q4: 34,566 shares 34,566$780K0.53%+19,216Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,162 shares 3,162$606K0.41%newTimeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,363 shares; 2024Q4: 2,376 shares; 2025Q1: 2,389 shares; 2025Q2: 2,412 shares; 2025Q3: 2,440 shares; 2025Q4: 2,459 shares 2,459$569K0.38%+19Timeline
VWOVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 9,677 shares 9,677$520K0.35%newTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 368 shares; 2025Q3: 368 shares; 2025Q4: 735 shares 735$485K0.33%+367Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 698 shares; 2024Q4: 698 shares; 2025Q1: 698 shares; 2025Q2: 698 shares; 2025Q3: 860 shares; 2025Q4: 860 shares 860$432K0.29%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 875 shares 875$423K0.28%newTimeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 517 shares; 2025Q1: not reported; 2025Q2: 668 shares; 2025Q3: 668 shares; 2025Q4: 741 shares 741$333K0.22%+73Timeline
VOTVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,143 shares 1,143$319K0.21%newTimeline
VBKVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 942 shares 942$285K0.19%newTimeline
GLDMWORLD GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,072 shares; 2025Q3: 3,072 shares; 2025Q4: 3,072 shares 3,072$262K0.18%0Timeline
BNDVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,517 shares 3,517$261K0.18%newTimeline
SUSAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,833 shares; 2024Q4: 1,833 shares; 2025Q1: 1,833 shares; 2025Q2: 1,833 shares; 2025Q3: 1,833 shares; 2025Q4: 1,812 shares 1,812$252K0.17%-21Timeline
XSOEWISDOMTREE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 167,305 shares; 2024Q4: 166,390 shares; 2025Q1: not reported; 2025Q2: 6,031 shares; 2025Q3: 6,039 shares; 2025Q4: 6,048 shares 6,048$236K0.16%+9Timeline
ETNEATON CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 641 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 582 shares; 2025Q3: 641 shares; 2025Q4: 641 shares 641$204K0.14%0Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 581 shares 581$201K0.14%newTimeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,000 shares; 2024Q4: 11,000 shares; 2025Q1: 11,000 shares; 2025Q2: 11,000 shares; 2025Q3: 11,000 shares; 2025Q4: 11,000 shares 11,000$101K0.07%0Timeline
DNNDENISON MINES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,850 shares; 2024Q4: 10,850 shares; 2025Q1: 10,850 shares; 2025Q2: 10,850 shares; 2025Q3: 10,850 shares; 2025Q4: 10,850 shares 10,850$28.9K0.02%0Timeline
BED BATH & BEYOND INCBED BATH & BEYOND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 41,161 shares 41,161$27.2K0.02%new
URGUR-ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,800 shares; 2024Q4: 10,800 shares; 2025Q1: 10,800 shares; 2025Q2: 10,800 shares; 2025Q3: 10,800 shares; 2025Q4: 10,800 shares 10,800$15K0.01%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
IBITISHARES BITCOIN TRUST ETF3,510$228Kshares

How Q4 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001724729-26-000001 base2026-01-15acceptance time not in the bulk data set