SEC 13F Intelligence

Managers / Q3 2025

Donald L. Hagan, LLC

CIK 0001638049 · 1000 SOUTH TAMIAMI TRAIL, SARASOTA, FL, 34236 · 941-330-1702

Reported Value
$204M
Q3 2025
Positions
86
Filings on Record
28
2019–present window
Filed
Oct 16, 2025
original filing

Summary

Donald L. Hagan, LLC reported $204M in U.S.-listed holdings across 86 positions for Q3 2025.

Its largest position, Strategy Shs, represents 16.1% of the portfolio.

Compared with Q2 2025, the fund opened 5 new positions and exited 7.

Portfolio Metrics

Turnover
+5.9%
vs prior filed quarter
Top-10 Concentration
+60.1%
share of reported value
Largest Position
+16.1%
Strategy Shs
New / Exited
5 / 7
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $108MQ4 ’18Q1 ’19: $115MQ2 ’19: $116MQ3 ’19: $122MQ4 ’19: $115MQ4 ’19Q1 ’20: $111MQ2 ’20: $115MQ3 ’20: $126MQ4 ’20: $137MQ4 ’20Q1 ’21: $152MQ2 ’21: $170MQ3 ’21: $173MQ4 ’21: $194MQ4 ’21Q1 ’22: $178MQ2 ’22: $157MQ3 ’22: $141MQ4 ’22: $159MQ4 ’22Q1 ’23: $181MQ2 ’23: $178MQ3 ’23: $167MQ4 ’23: $184MQ4 ’23Q1 ’24: $192MQ2 ’24: $189MQ3 ’24: $196MQ4 ’24: $193MQ4 ’24Q1 ’25: $192MQ2 ’25: $200MQ3 ’25: $204Mfilingsflow.com

Portfolio Composition

By security type
ETP: 64.2%Common Stock: 33.4%REIT: 1.8%Other: 0.7%
  • ETP · 64.2% · $131M
  • Common Stock · 33.4% · $68M
  • REIT · 1.8% · $4M
  • Other · 0.7% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+66.2K66.2K+$2M$2M
BMYBRISTOL-MYERS SQUIBB CONEW+20.6K20.6K+$926,805$926,805
XLUSELECT SECTOR SPDR TRNEW+4.5K4.5K+$390,614$390,614
SCLXSCILEX HOLDING CONEW+11.9K11.9K+$233,661$233,661
MOALTRIA GROUP INCNEW+3.3K3.3K+$219,385$219,385
MRKMERCK & CO INCADDED+9.0K17.4K+$793,705$1M
INNOVATOR ETFS TRUSTSOLD OUT−53.6K0−$2M$0
XLESELECT SECTOR SPDR TRSOLD OUT−5.8K0−$491,728$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2025

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1STRATEGY SHSDAY HAGAN SMART40.77%$83M2.54M
2SPDR SERIES TRUSTBLOOMBERG 1-3 MO · PORTFOLIO S&P500 · PORT MTG BK ETF8.84%$18M241.2K
3XLFSELECT SECTOR SPDR TRTECHNOLOGY · FINANCIAL · SBI CONS DISCR · SBI HEALTHCARE · COMMUNICATION · SBI CONS STPLS8.02%$16M124.0K
4UPSUNITED PARCEL SERVICE INChistory →CL B5.04%$10M123.0K
5GOOGLALPHABET INChistory →CAP STK CL A1.42%$3M11.9K
6METAMETA PLATFORMS INChistory →CL A1.23%$3M3.4K
7BNYBANK NEW YORK MELLON CORPCOM0.96%$2M18.0K
8INNOVATOR ETFS TRUSTUS EQTY ULTRA B0.95%$2M50.3K
9JPMJPMORGAN CHASE & CO.COM0.93%$2M6.0K
10QCOMQUALCOMM INCCOM0.92%$2M11.2K
11ISHARES TRLARGE CAP MAX BU0.91%$2M66.2K
12FIRST TR EXCHNG TRADED FD VIFT VEST US EQUTY0.90%$2M61.2K
13BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.88%$2M3.5K
14CSCOCISCO SYS INCCOM0.86%$2M25.7K
15BXBLACKSTONE INCCOM0.84%$2M10.0K
16OREALTY INCOME CORPCOM0.82%$2M27.6K
17GSGOLDMAN SACHS GROUP INCCOM0.78%$2M2.0K
18OCOWENS CORNING NEWCOM0.78%$2M11.3K
19AAPLAPPLE INCCOM0.77%$2M6.2K
20KMIKINDER MORGAN INC DELCOM0.75%$2M53.6K
21ZMZOOM COMMUNICATIONS INCCL A0.72%$1M17.9K
22SSBUSDSOUTHSTATE CORPORATIONCOM0.72%$1M14.7K
23MRKMERCK & CO INCCOM0.71%$1M17.4K
24BLKBLACKROCK INCCOM0.71%$1M1.2K
25CTSHCOGNIZANT TECHNOLOGY SOLUTIOCL A0.68%$1M20.6K
26AMDOCS LTDSHS0.67%$1M16.6K
27HSYHERSHEY COCOM0.67%$1M7.3K
28NFGNATIONAL FUEL GAS COCOM0.66%$1M14.6K
29CMCSACOMCAST CORP NEWCL A0.66%$1M42.5K
30CLXCLOROX CO DELCOM0.60%$1M10.0K
31ULTAULTA BEAUTY INCCOM0.60%$1M2.2K
32SJMSMUCKER J M COCOM NEW0.59%$1M11.1K
33CBTCABOT CORPCOM0.58%$1M15.6K
34SEICSEI INVTS COCOM0.58%$1M13.9K
35DEDEERE & COCOM0.57%$1M2.5K
36DBXDROPBOX INCCL A0.57%$1M38.3K
37CFCF INDS HLDGS INCCOM0.54%$1M12.2K
38EXMOCEXXON MOBIL CORPCOM0.51%$1M9.2K
39VICIVICI PPTYS INCCOM0.49%$1M30.8K
40SBUXSTARBUCKS CORPCOM0.47%$963,00211.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$204M86Oct 16, 202513F-HRchanges · EDGAR ↗
Q2 2025$200M88Jul 18, 202513F-HRchanges · EDGAR ↗
Q1 2025$192M92Apr 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$193M90Jan 23, 202513F-HRchanges · EDGAR ↗
Q3 2024$196M97Oct 30, 202413F-HRchanges · EDGAR ↗
Q2 2024$189M92Jul 19, 202413F-HRchanges · EDGAR ↗
Q1 2024$192M102Apr 19, 202413F-HRchanges · EDGAR ↗
Q4 2023$184M100Jan 19, 202413F-HRchanges · EDGAR ↗
Q3 2023$167M92Oct 11, 202313F-HRchanges · EDGAR ↗
Q2 2023$178M94Jul 17, 202313F-HRchanges · EDGAR ↗
Q1 2023$181M102Apr 18, 202313F-HRchanges · EDGAR ↗
Q4 2022$159M86Jan 17, 202313F-HRchanges · EDGAR ↗
Q3 2022$141M85Oct 12, 202213F-HRchanges · EDGAR ↗
Q2 2022$157M92Jul 20, 202213F-HRchanges · EDGAR ↗
Q1 2022$178M93Apr 18, 202213F-HRchanges · EDGAR ↗
Q4 2021$194M100Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$173M97Oct 20, 202113F-HRchanges · EDGAR ↗
Q2 2021$170M93Jul 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$152M91Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$137M83Jan 15, 202113F-HRchanges · EDGAR ↗
Q3 2020$126M79Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$115M81Aug 3, 202013F-HRchanges · EDGAR ↗
Q1 2020$111M80Apr 17, 202013F-HRchanges · EDGAR ↗
Q4 2019$115M87Jan 24, 202013F-HRchanges · EDGAR ↗
Q3 2019$122M90Oct 21, 201913F-HRchanges · EDGAR ↗
Q2 2019$116M95Jul 18, 201913F-HRchanges · EDGAR ↗
Q1 2019$115M92Apr 25, 201913F-HRchanges · EDGAR ↗
Q4 2018$108M76Jan 22, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.