Pinion Investment Advisors LLC's Q4 2025 13F: 18 new positions, 13 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Jan 29, 2026 · 173 reported positions · accession 0001738738-26-000001
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | INVESCO EXCH TRADED FD TR II (BKLN) | 0.2% | 1.4% | +1.2 pts | +247K sh | +703% |
| Increased | ISHARES TR (IVV) | 6.4% | 6.9% | +0.5 pts | +6,864 sh | +20% |
| Increased | EA SERIES TRUST (BOXX) | 3.1% | 3.6% | +0.5 pts | +27,508 sh | +27% |
| New | UNION PAC CORP (UNP) | — | 0.8% | +0.8 pts | +13,597 sh | new |
| Increased | CALAMOS ETF TR (CAIE) | 0.7% | 1.4% | +0.7 pts | +117K sh | +130% |
| Increased | GOLDMAN SACHS ETF TR (GMUB) | 1.1% | 1.7% | +0.6 pts | +56,673 sh | +71% |
| Increased | VANGUARD INDEX FDS (VOO) | 23.2% | 21.3% | −1.8 pts | +3,174 sh | +2% |
| Increased | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 0.9% | 1.2% | +0.3 pts | +3,156 sh | +48% |
| Increased | ISHARES TR (IUSB) | 1.2% | 1.5% | +0.2 pts | +33,085 sh | +35% |
| Increased | MORGAN STANLEY ETF TRUST (EVTR) | 1.2% | 1.4% | +0.2 pts | +29,521 sh | +35% |
| Increased | ISHARES TR (IEFA) | 3.2% | 3.2% | 0.0 pts | +16,344 sh | +13% |
| Increased | J P MORGAN EXCHANGE TRADED F (JPIE) | 1.5% | 1.7% | +0.2 pts | +29,538 sh | +25% |
| Increased | ISHARES TR (SGOV) | 1.4% | 1.6% | +0.2 pts | +13,069 sh | +25% |
| Increased | BLACKROCK ETF TRUST (DYNF) | 1.4% | 1.6% | +0.2 pts | +20,536 sh | +24% |
| Increased | ISHARES TR (OEF) | 1.1% | 1.3% | +0.1 pts | +2,719 sh | +22% |
| Increased | ISHARES TR (QUAL) | 1.3% | 1.4% | +0.1 pts | +4,611 sh | +19% |
| Increased | GOLDMAN SACHS PHYSICAL GOLD (AAAU) | 0.9% | 1.1% | +0.1 pts | +19,597 sh | +24% |
| Exited | SONOCO PRODS CO (SON) | 0.2% | — | −0.2 pts | −18,226 sh | −100% |
| Increased | SPDR SERIES TRUST (SPIB) | 2.6% | 2.5% | −0.1 pts | +23,850 sh | +9% |
| New | BAKER HUGHES COMPANY (BKR) | — | 0.2% | +0.2 pts | +17,087 sh | new |
| Exited | PROGRESSIVE CORP (PGR) | 0.2% | — | −0.2 pts | −3,078 sh | −100% |
| Increased | BERKSHIRE HATHAWAY INC DEL (BRK-A) | 0.2% | 0.4% | +0.2 pts | +1 sh | +100% |
| New | DTE ENERGY CO (DTE) | — | 0.2% | +0.2 pts | +5,825 sh | new |
| New | ISHARES TR (DVY) | — | 0.2% | +0.2 pts | +4,679 sh | new |
| Reduced | TESLA INC (TSLA) | 1.7% | 1.4% | −0.3 pts | −1,446 sh | −10% |
| Reduced | SCHWAB STRATEGIC TR (SCHG) | 0.4% | 0.2% | −0.2 pts | −19,681 sh | −48% |
| Increased | ISHARES INC (IEMG) | 0.1% | 0.3% | +0.1 pts | +9,433 sh | +157% |
| Increased | BLACKROCK ETF TRUST (BAI) | 0.6% | 0.7% | 0.0 pts | +17,031 sh | +26% |
| Increased | ISHARES TR (TLH) | 0.5% | 0.5% | +0.1 pts | +5,553 sh | +35% |
| Exited | SCHWAB STRATEGIC TR (SCHZ) | 0.1% | — | −0.1 pts | −20,964 sh | −100% |
| Increased | SPDR SERIES TRUST (XNTK) | 1.5% | 1.4% | −0.1 pts | +1,911 sh | +10% |
| Increased | ELI LILLY & CO (LLY) | 0.1% | 0.2% | +0.1 pts | +468 sh | +157% |
| New | JOHNSON & JOHNSON (JNJ) | — | 0.1% | +0.1 pts | +2,369 sh | new |
| Increased | BANK AMERICA CORP (BAC) | 0.1% | 0.2% | +0.1 pts | +8,883 sh | +124% |
| New | GE AEROSPACE (GE) | — | 0.1% | +0.1 pts | +1,569 sh | new |
| Increased | META PLATFORMS INC (META) | 0.4% | 0.5% | 0.0 pts | +731 sh | +35% |
| Reduced | SCHWAB STRATEGIC TR (SCHV) | 0.2% | 0.0% | −0.1 pts | −16,165 sh | −70% |
| Reduced | SCHWAB STRATEGIC TR (SCHD) | 0.3% | 0.1% | −0.1 pts | −17,313 sh | −49% |
| Increased | BLACKROCK ETF TRUST (THRO) | 0.6% | 0.7% | +0.1 pts | +12,218 sh | +20% |
| Increased | APPLE INC (AAPL) | 1.1% | 1.1% | 0.0 pts | +1,664 sh | +11% |
| Increased | NEXTERA ENERGY INC (NEE) | 0.1% | 0.2% | +0.1 pts | +5,381 sh | +84% |
| Exited | ROPER TECHNOLOGIES INC (ROP) | 0.1% | — | −0.1 pts | −793 sh | −100% |
| New | OGE ENERGY CORP (OGE) | — | 0.1% | +0.1 pts | +9,636 sh | new |
| Increased | VANGUARD INDEX FDS (VUG) | 5.7% | 5.1% | −0.5 pts | +842 sh | +2% |
| Increased | VANGUARD INTL EQUITY INDEX F (VGK) | 1.0% | 1.0% | 0.0 pts | +4,517 sh | +10% |
| Reduced | J P MORGAN EXCHANGE TRADED F (JQUA) | 0.5% | 0.4% | −0.1 pts | −5,831 sh | −20% |
| Exited | ZOETIS INC (ZTS) | 0.1% | — | −0.1 pts | −2,213 sh | −100% |
| Increased | ISHARES TR (GOVT) | 0.3% | 0.4% | 0.0 pts | +14,276 sh | +28% |
| Exited | NXP SEMICONDUCTORS N V (NXPI) | 0.1% | — | −0.1 pts | −1,307 sh | −100% |
| Exited | FIFTH THIRD BANCORP (FITB) | 0.1% | — | −0.1 pts | −6,533 sh | −100% |
The 50 largest of 174 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- UNILEVER PLC (UL): 904767704 → 904767803, 12,283 → 9,743 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 49.2% of the equity book
Changes in the top 10 this quarter: GMUB entered · SGOV entered · TSLA left · MSFT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS (VOO) | 23.2% | 21.3% | |
| 2 | ISHARES TR (IVV) | 6.4% | 6.9% | |
| 3 | VANGUARD INDEX FDS (VUG) | 5.7% | 5.1% | |
| 4 | EA SERIES TRUST (BOXX) | 3.1% | 3.6% | |
| 5 | ISHARES TR (IEFA) | 3.2% | 3.2% | |
| 6 | SPDR SERIES TRUST (SPIB) | 2.6% | 2.5% | |
| 7 | GOLDMAN SACHS ETF TR (GMUB) | 1.1% | 1.7% | Entered the top 10 |
| 8 | J P MORGAN EXCHANGE TRADED F (JPIE) | 1.5% | 1.7% | |
| 9 | VANGUARD MALVERN FDS (VCRB) | 1.9% | 1.6% | |
| 10 | ISHARES TR (SGOV) | 1.4% | 1.6% | Entered the top 10 |
| — | TESLA INC (TSLA) | 1.7% | 1.4% | Left the top 10 |
| — | MICROSOFT CORP (MSFT) | 1.5% | 1.3% | 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).