Managers / Q2 2025 · view latest →
Steele Capital Management, Inc.
CIK 0001646695 · 1000 JACKSON STREET, SUITE 201, DUBUQUE, IA, 52001 · 563-588-2097
Summary
Steele Capital Management, Inc. reported $2.1B in U.S.-listed holdings across 80 positions for Q2 2025.
Its largest position, Ishares Tr, represents 11.1% of the portfolio.
Compared with Q1 2025, the fund opened 3 new positions and exited 2.
Portfolio Metrics
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
Portfolio Composition
- ETP · 95.1% · $2.0B
- Common Stock · 4.8% · $100M
- MLP · 0.0% · $707,717
- Other · 0.0% · $497,802
- Closed-End Fund · 0.0% · $435,600
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES TR | NEW | +11.5K | 11.5K | +$2M | $2M |
| RNSTRENASANT CORP | NEW | +33.8K | 33.8K | +$1M | $1M |
| INVESCO EXCH TRD SLF IDX FD | NEW | +52.9K | 52.9K | +$1M | $1M |
| FBMSUSDFIRST BANCSHARES INC MISS | SOLD OUT | −34.0K | 0 | −$1M | $0 |
| SPDR SER TR | SOLD OUT | −11.0K | 0 | −$277,774 | $0 |
| GLOBAL X FDS | ADDED | +60.4K | 156.4K | +$3M | $7M |
| ISHARES TR | TRIMMED | −27.9K | 23.8K | −$1M | $1M |
| VANECK ETF TRUST | TRIMMED | −9.1K | 11.8K | −$219,798 | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR | FUNDAMENTAL US L · INTL EQTY ETF · US LRG CAP ETF · FUNDAMENTAL US S · US SML CAP ETF · US DIVIDEND EQ · EMRG MKTEQ ETF · US LCAP GR ETF · US MID-CAP ETF | 26.97% | $562M | 22.92M |
| 2 | ISHARES TR | CORE S&P500 ETF · CORE US AGGBD ET · CORE S&P SCP ETF · MORNINGSTAR VALU · CORE S&P US VLU · MRGSTR MD CP VAL · MRGSTR MD CP GRW · MRGSTR MD CP ETF · ULTRA SHORT DUR · MRNING SM CP ETF · CORE MSCI INTL · MRGSTR SM CP GR · 0-3 MNTH TREASRY | 26.34% | $549M | 4.05M |
| 3 | VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD · INT-TERM CORP · VNG RUS1000GRW | 7.60% | $158M | 1.86M |
| 4 | VTVVANGUARD INDEX FDS | S&P 500 ETF SHS · VALUE ETF · SM CP VAL ETF | 6.99% | $146M | 350.2K |
| 5 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 5.78% | $121M | 2.11M |
| 6 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 5.57% | $116M | 210.0K |
| 7 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 4.49% | $94M | 1.89M |
| 8 | J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF · EQUITY PREMIUM | 2.15% | $45M | 885.0K |
| 9 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 1.61% | $34M | 184.9K |
| 10 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 1.54% | $32M | 436.1K |
| 11 | AAPLAPPLE INChistory → | COM | 1.30% | $27M | 132.5K |
| 12 | SPDR SERIES TRUST | PORTFOLIO S&P500 | 1.14% | $24M | 326.4K |
| 13 | MDYSPDR S&P MIDCAP 400 ETF TRhistory → | UTSER1 S&PDCRP | 0.91% | $19M | 33.5K |
| 14 | NVDANVIDIA CORPORATIONhistory → | COM | 0.91% | $19M | 119.4K |
| 15 | XLESELECT SECTOR SPDR TR | ENERGY · SBI CONS DISCR | 0.89% | $19M | 170.9K |
| 16 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 0.88% | $18M | 37.8K |
| 17 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 0.79% | $16M | 122.9K |
| 18 | AMZNAMAZON COM INChistory → | COM | 0.69% | $14M | 65.8K |
| 19 | MSFTMICROSOFT CORP | COM | 0.35% | $7M | 14.8K |
| 20 | GLOBAL X FDS | ARTIFICIAL ETF | 0.33% | $7M | 156.4K |
| 21 | ISHARES INC | CORE MSCI EMKT | 0.24% | $5M | 84.1K |
| 22 | NEOS ETF TRUST | NEOS S&P 500 HI | 0.22% | $5M | 92.9K |
| 23 | SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 0.17% | $4M | 89.2K |
| 24 | PLTRPALANTIR TECHNOLOGIES INC | CL A | 0.15% | $3M | 23.1K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $2.4B | 86 | Apr 29, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $2.3B | 79 | Jan 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $2.3B | 82 | Oct 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $2.1B | 80 | Jul 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $1.9B | 79 | Apr 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $1.9B | 77 | Jan 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $1.9B | 75 | Nov 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $1.8B | 177 | Jul 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $1.7B | 177 | Apr 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $1.5B | 165 | Feb 5, 2024 | 13F-HR | changes · 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 ↗.