Joseph Group Capital Management's Q2 2025 13F: 18 new positions, 11 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 7, 2025 · 104 reported positions · accession 0001910383-25-000005 · Amended
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | FINANCIAL INVS TR (CCNR) | — | 4.0% | +4.0 pts | +457K sh | new |
| Exited | UNITEDHEALTH GROUP INC (UNH) | 1.9% | — | −1.9 pts | −9,477 sh | −100% |
| New | ETF SER SOLUTIONS (SMIG) | — | 1.8% | +1.8 pts | +189K sh | new |
| New | ISHARES TR (IHF) | — | 1.2% | +1.2 pts | +73,358 sh | new |
| Reduced | WISDOMTREE TR (DGRS) | 0.5% | 0.1% | −0.4 pts | −22,634 sh | −74% |
| New | VANECK ETF TRUST (HYD) | — | 0.3% | +0.3 pts | +18,423 sh | new |
| Reduced | WORLD GOLD TR (GLDM) | 1.7% | 1.3% | −0.4 pts | −13,215 sh | −18% |
| Increased | APPLE INC (AAPL) | 1.9% | 1.8% | −0.1 pts | +3,900 sh | +17% |
| Reduced | EATON CORP PLC (ETN) | 1.9% | 1.9% | 0.0 pts | −2,207 sh | −12% |
| Increased | SALESFORCE INC (CRM) | 1.0% | 1.2% | +0.1 pts | +2,758 sh | +27% |
| Increased | J P MORGAN EXCHANGE TRADED F (JCPB) | 13.8% | 12.3% | −1.4 pts | +14,723 sh | +2% |
| Increased | VANECK ETF TRUST (MOAT) | 4.2% | 4.2% | −0.1 pts | +6,595 sh | +5% |
| Increased | BROADCOM INC (AVGO) | 1.2% | 1.9% | +0.7 pts | +1,888 sh | +10% |
| Increased | SCHWAB STRATEGIC TR (SCHD) | 3.4% | 3.0% | −0.4 pts | +19,571 sh | +6% |
| Increased | FIFTH THIRD BANCORP (FITB) | 1.1% | 1.2% | +0.1 pts | +12,430 sh | +17% |
| Reduced | MICROSOFT CORP (MSFT) | 1.8% | 1.9% | +0.1 pts | −992 sh | −8% |
| Increased | PROCTER AND GAMBLE CO (PG) | 1.9% | 1.7% | −0.2 pts | +3,001 sh | +10% |
| Reduced | JPMORGAN CHASE & CO (JPM) | 2.0% | 1.9% | −0.1 pts | −1,642 sh | −8% |
| Increased | HOME DEPOT INC (HD) | 1.9% | 1.8% | −0.1 pts | +1,153 sh | +9% |
| Increased | RPM INTL INC (RPM) | 1.2% | 1.1% | −0.1 pts | +3,820 sh | +14% |
| New | BLACKROCK ETF TRUST II (SHYM) | — | 0.1% | +0.1 pts | +18,511 sh | new |
| Increased | AMGEN INC (AMGN) | 1.3% | 1.2% | −0.2 pts | +1,323 sh | +12% |
| Increased | CHEVRON CORP NEW (CVX) | 1.4% | 1.2% | −0.2 pts | +2,567 sh | +12% |
| Increased | MEDPACE HLDGS INC (MEDP) | 0.5% | 0.6% | +0.1 pts | +1,144 sh | +27% |
| Increased | ALPHABET INC (GOOGL) | 1.8% | 1.9% | +0.1 pts | +1,943 sh | +7% |
| Reduced | ISHARES TR (ISTB) | 0.9% | 0.7% | −0.2 pts | −6,144 sh | −12% |
| Increased | INSTALLED BLDG PRODS INC (IBP) | 1.2% | 1.2% | 0.0 pts | +1,608 sh | +9% |
| Increased | AMERICAN ELEC PWR CO INC (AEP) | 1.3% | 1.2% | −0.1 pts | +2,753 sh | +9% |
| Increased | VERTEX PHARMACEUTICALS INC (VRTX) | 1.3% | 1.2% | −0.2 pts | +634 sh | +9% |
| Increased | SCHWAB STRATEGIC TR (SCHV) | 1.1% | 1.1% | 0.0 pts | +8,741 sh | +8% |
| Reduced | ISHARES TR (MUB) | 1.3% | 1.1% | −0.2 pts | −2,168 sh | −7% |
| Increased | AT&T INC (T) | 2.0% | 1.8% | −0.1 pts | +7,722 sh | +4% |
| Increased | SCHWAB STRATEGIC TR (SCHP) | 9.5% | 8.3% | −1.1 pts | +8,127 sh | +1% |
| Exited | NUSHARES ETF TR (NCPB) | 0.1% | — | −0.1 pts | −6,300 sh | −100% |
| Increased | VISA INC (V) | 2.0% | 1.8% | −0.2 pts | +446 sh | +3% |
| Increased | INVESCO EXCHANGE TRADED FD T (PJP) | 0.6% | 0.6% | −0.1 pts | +1,907 sh | +10% |
| Increased | AMAZON COM INC (AMZN) | 1.2% | 1.2% | +0.1 pts | +656 sh | +4% |
| Exited | INVESCO EXCHANGE TRADED FD T (SPHQ) | 0.0% | — | 0.0 pts | −1,609 sh | −100% |
| Increased | PROGRESSIVE CORP (PGR) | 1.4% | 1.2% | −0.2 pts | +411 sh | +3% |
| Increased | WISDOMTREE TR (DEW) | 4.7% | 4.2% | −0.5 pts | +1,916 sh | +1% |
| Increased | LAM RESEARCH CORP (LRCX) | 1.6% | 1.9% | +0.3 pts | +1,119 sh | +2% |
| Reduced | VANGUARD SPECIALIZED FUNDS (VIG) | 0.7% | 0.7% | −0.1 pts | −479 sh | −5% |
| Exited | ISHARES TR (AOK) | 0.0% | — | 0.0 pts | −2,233 sh | −100% |
| Reduced | FIRST TR EXCHANGE TRADED FD (CIBR) | 3.5% | 3.6% | +0.2 pts | −1,199 sh | −1% |
| Reduced | KROGER CO (KR) | 1.3% | 1.2% | −0.1 pts | −1,253 sh | −2% |
| Increased | VANGUARD WHITEHALL FDS (VYM) | 0.7% | 0.7% | 0.0 pts | +651 sh | +5% |
| Reduced | VANGUARD BD INDEX FDS (VUSB) | 0.6% | 0.5% | −0.1 pts | −1,461 sh | −5% |
| Reduced | COLUMBIA ETF TR I (MUST) | 0.0% | 0.0% | 0.0 pts | −3,605 sh | −61% |
| New | VANGUARD INDEX FDS (VUG) | — | 0.0% | 0.0 pts | +117 sh | new |
| Reduced | SPDR INDEX SHS FDS (SPGM) | 0.0% | 0.0% | 0.0 pts | −730 sh | −38% |
The 50 largest of 100 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 51.2% of the equity book
Changes in the top 10 this quarter: CCNR entered · AVGO entered · JPM left · V left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | J P MORGAN EXCHANGE TRADED F (JCPB) | 13.8% | 12.3% | |
| 2 | SCHWAB STRATEGIC TR (SCHP) | 9.5% | 8.3% | |
| 3 | VANGUARD STAR FDS (VXUS) | 7.1% | 7.0% | |
| 4 | WISDOMTREE TR (DEW) | 4.7% | 4.2% | |
| 5 | VANECK ETF TRUST (MOAT) | 4.2% | 4.2% | |
| 6 | FINANCIAL INVS TR (CCNR) | 0.0% | 4.0% | Entered the top 10 |
| 7 | FIRST TR EXCHANGE TRADED FD (CIBR) | 3.5% | 3.6% | |
| 8 | SCHWAB STRATEGIC TR (SCHD) | 3.4% | 3.0% | |
| 9 | INVESCO EXCHANGE TRADED FD T (RSPF) | 2.8% | 2.6% | |
| 10 | BROADCOM INC (AVGO) | 1.2% | 1.9% | Entered the top 10 |
| — | JPMORGAN CHASE & CO (JPM) | 2.0% | 1.9% | Left the top 10 |
| — | VISA INC (V) | 2.0% | 1.8% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).