Managers / Q4 2025 · view latest →

Q3 Asset Management

CIK 0001732543 · 2175 COLE, BIRMINGHAM, MI, 48009 · 2485661122

Reported Value

$437M

Q4 2025

Positions

Filings on Record

2019–present window

Filed

Jan 27, 2026

original filing

Summary

Q3 Asset Management reported $437M in U.S.-listed holdings across 62 positions for Q4 2025.

The portfolio is heavily concentrated: XHLF alone accounts for 55.2% of reported value.

Compared with Q3 2025, the fund opened 32 new positions and exited 25.

Portfolio Metrics

Turnover

+15.0%

vs prior filed quarter

Top-10 Concentration

+78.2%

share of reported value

Largest Position

+55.2%

Bondbloxx Bloomberg Six Month Duration

New / Exited

32 / 25

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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

Portfolio Composition

By security type

ETP · 94.2% · $412M
Common Stock · 5.8% · $25M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
Q3 ALL SEASON TACTICAL ADVANTAGE ETF	NEW	+519.9K	519.9K	+$13M	$13M
OIH VANECK VECTORS OIL SERVICES ETF	NEW	+35.9K	35.9K	+$10M	$10M
DIA SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1	NEW	+20.9K	20.9K	+$10M	$10M
FHLC Fidelity MSCI Health Care Index ETF	NEW	+84.9K	84.9K	+$6M	$6M
XBI SPDR S&P Biotech ETF USD Class	NEW	+47.2K	47.2K	+$6M	$6M
INTC INTEL CORP	NEW	+118.6K	118.6K	+$4M	$4M
IBB ISHARES BIOTECHNOLOGY ETF	NEW	+23.7K	23.7K	+$4M	$4M
XLV SELECT SECTOR SPDR FD HEALTH CARE	NEW	+24.6K	24.6K	+$4M	$4M

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

Holdings — Q4 2025

62 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	XHLF BONDBLOXX BLOOMBERG Six Month Duration history →	ETF	55.19%	$241M	4.80M
2	QQQM INVESCO NASDAQ 100 ETF history →	ETF	3.20%	$14M	55.3K
3	Q3 ALL SEASON TACTICAL ADVANTAGE ETF	ETF	3.01%	$13M	519.9K
4	TQQQ PROSHARES TR ULTRAPRO QQQ history →	ETF	2.83%	$12M	234.4K
5	Q3 ALL SEASON ACTIVE ROTATION ETF	ETF	2.79%	$12M	453.1K
6	QQQ INVESCO QQQ TRUST history →	ETF	2.63%	$12M	18.7K
7	OIH VANECK VECTORS OIL SERVICES ETF history →	ETF	2.34%	$10M	35.9K
8	DIA SPDR DOW JONES INDL AVERAGE ETF TR UNIT SER 1 history →	ETF	2.30%	$10M	20.9K
9	VPL VANGUARD INTL EQUITY INDEX FDS MSCI PAC ETF history →	ETF	2.30%	$10M	111.2K
10	STF TACTICAL GROWTH & INCOME ETF	ETF	1.60%	$7M	276.9K
11	FHLC Fidelity MSCI Health Care Index ETF history →	ETF	1.44%	$6M	84.9K
12	SPY SPDR S&P 500 ETF TR TR UNIT history →	ETF	1.33%	$6M	8.6K
13	XBI SPDR S&P Biotech ETF USD Class history →	ETF	1.32%	$6M	47.2K
14	INTC INTEL CORP history →	COM	1.00%	$4M	118.6K
15	IBB ISHARES BIOTECHNOLOGY ETF	ETF	0.92%	$4M	23.7K
16	CAT CATERPILLAR INC.	COM	0.90%	$4M	6.9K
17	XLV SELECT SECTOR SPDR FD HEALTH CARE	ETF	0.87%	$4M	24.6K
18	KRANESHARES GLOBAL CARBON STRATEGY ETF	ETF	0.87%	$4M	107.2K
19	FSLR FIRST SOLAR, INC. - COMMON STOCK	COM	0.80%	$3M	13.4K
20	B BARRICK MINING CORP	COM	0.78%	$3M	78.0K
21	DG DOLLAR GEN CORP NEW COM	COM	0.76%	$3M	25.0K
22	PPLT ABRDN PHYSICAL PLATINUM SHARES ETF	ETF	0.75%	$3M	17.6K
23	EMB ISHARES JP MORGAN USD EMERGING MKTS BD ETF	ETF	0.70%	$3M	31.6K
24	SPYM STATE STREET SPDR PORTFOLIO S&P 500 ETF	ETF	0.68%	$3M	37.1K
25	IWD ISHARES TR RUSSELL 1000 VALUE ETF	ETF	0.68%	$3M	14.1K
26	STATE STREET SPDR PORTFOLIO MORTGAGE BACKED BOND ETF	ETF	0.66%	$3M	128.6K
27	IWS ISHARES TR RUSSELL MID-CAP VALUE	ETF	0.65%	$3M	20.1K
28	TLT ISHARES TR BARCLAYS 20 YR TREAS BD ETF	ETF	0.65%	$3M	32.5K
29	GLD SPDR GOLD TR GOLD SHS	ETF	0.51%	$2M	5.7K
30	GLDM SPDR Gold MiniShares Trust	ETF	0.44%	$2M	22.5K
31	PBE INVESCO BIOTECHNOLOGY AND GENOME ETF	ETF	0.33%	$1M	17.4K
32	TAN INVESCO SOLAR ETF	ETF	0.33%	$1M	29.0K
33	REMX VANECK VECTORS RARE EARTH/STRATEGIC METALS ETF	ETF	0.32%	$1M	18.9K
34	BATT AMPLIFY LITHIUM & BATTERY TECHNOLOGY ETF	ETF	0.32%	$1M	101.1K
35	PBW INVESCO WILDERHILL CLEAN ENERGY ETF	ETF	0.32%	$1M	45.5K
36	SPXL DIREXION SHS ETF TR DAILY S&P 500 BULL 3X SHS	ETF	0.24%	$1M	4.8K
37	SMH VANECK SEMICONDUCTOR ETF	ETF	0.23%	$1M	2.8K
38	AMD ADVANCED MICRO DEVICES INC	COM	0.21%	$939,000	4.4K
39	MU MICRON TECHNOLOGY, INC.	COM	0.21%	$935,000	3.3K
40	AMAT APPLIED MATERIALS	COM	0.21%	$915,000	3.6K
41	WBD WARNER BROS DISCOVERY	COM	0.21%	$900,000	31.2K
42	XLC SELECT SECOTR SPDR TRUST	ETF	0.20%	$862,000	7.3K
43	FIDU FIDELITY COVINGTON TR MSCI INDL INDEX ETF	ETF	0.17%	$753,000	9.1K
44	XLK TECHNOLOGY SECTOR SPDR TR	ETF	0.15%	$660,000	4.6K
45	GDX VANECK GOLD MINERS ETF	ETF	0.14%	$595,000	6.7K
46	ALB ALBEMARLE CORPORATION	COM	0.12%	$518,000	3.7K
47	CAH CARDINAL HEALTH, INC.	COM	0.11%	$487,000	2.4K
48	SPTL STATE STREET SPDR PORTFOLIO LONG TERM TREASURY ETF	ETF	0.11%	$477,000	18.1K
49	UCON FIRST TRUST TCW UNCONSTRAINED PLUS BOND ETF	ETF	0.11%	$465,000	18.5K
50	VCSH VANGUARD SHORT TERM CORP BOND INDEX FUND ETF	ETF	0.11%	$464,000	5.8K
51	COIN COINBASE GLOBAL	COM	0.10%	$458,000	2.0K
52	SLVR SPROTT SILVER MINERS & PHYSICAL SILVER ETF	ETF	0.10%	$447,000	8.0K
53	VOLATILITY XRP ETF	COM	0.10%	$430,000	40.8K
54	XAR STATE STREET SPDR S&P AEROSPACE & DEFENSE ETF	ETF	0.09%	$392,000	1.6K
55	CHRW C.H. ROBINSON WORLDWIDE, INC. - COMMON STOCK	COM	0.09%	$381,000	2.4K
56	EXPD EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.	COM	0.08%	$363,000	2.4K
57	SMMT SUMMIT THERAPEUTICS INC	COM	0.08%	$342,000	19.6K
58	PYPL PAYPAL HLDGS INC	COM	0.08%	$336,000	5.8K
59	INSPIRE SMALL MD CAP ETF	ETF	0.08%	$335,000	8.7K
60	TSLA TESLA INC	COM	0.06%	$263,000	587
61	JPST JPMORGAN ULTRA SHORT INCOME ETF	ETF	0.05%	$206,000	4.1K
62	BKUI BNY MELLON ULTRA SHORT INCOME ETF	ETF	0.05%	$205,000	4.1K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$412M	64	Apr 28, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$437M	62	Jan 27, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$292M	55	Oct 27, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$146M	56	May 1, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$161M	47	Jan 24, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$427M	45	Nov 14, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$441M	48	Jul 30, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$352M	46	Apr 25, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$396M	46	Jan 29, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$252M	45	Nov 3, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$206M	43	Jul 28, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$120M	43	Apr 26, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$148M	45	Feb 2, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$137M	43	Nov 14, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$132M	38	Aug 2, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$217M	40	May 11, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$235M	41	Jan 25, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$207M	44	Oct 29, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$204M	40	Jul 26, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$188M	47	May 12, 2021	13F-HR	changes · EDGAR ↗
Q4 2020	$126M	39	Feb 9, 2021	13F-HR	changes · EDGAR ↗
Q3 2020	$123M	27	Oct 22, 2020	13F-HR	changes · EDGAR ↗
Q2 2020	$105M	26	Jul 24, 2020	13F-HR	changes · EDGAR ↗
Q1 2020	$97M	27	May 12, 2020	13F-HR	changes · EDGAR ↗
Q4 2019	$44M	31	Jan 27, 2020	13F-HR	changes · EDGAR ↗
Q3 2019	$40M	26	Oct 24, 2019	13F-HR	changes · EDGAR ↗
Q2 2019	$43M	33	Aug 14, 2019	13F-HR	changes · EDGAR ↗
Q1 2019	$37M	25	Apr 17, 2019	13F-HR	changes · EDGAR ↗
Q4 2018	$40M	16	Feb 4, 2019	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 ↗.