SEC 13F Intelligence

Managers / Q1 2026

LFA - Lugano Financial Advisors SA

CIK 0001737871 · VIA F. PELLI 3, LUGANO, V8, 6900 · 0919124961

Reported Value
$197M
Q1 2026
Positions
223
Filings on Record
30
2019–present window
Filed
May 5, 2026
original filing

Summary

Lfa - Lugano Financial Advisors SA reported $197M in U.S.-listed holdings across 223 positions for Q1 2026.

Its largest position, State Str Spdr S P 500 Etf T, represents 14.1% of the portfolio.

Compared with Q4 2025, the fund opened 4 new positions and exited 16.

Portfolio Metrics

Turnover
+6.7%
vs prior filed quarter
Top-10 Concentration
+56.1%
share of reported value
Largest Position
+14.1%
State Str Spdr S P 500 Etf T
New / Exited
4 / 16
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: $144MQ4 ’18Q1 ’19: $167MQ2 ’19: $161MQ4 ’19: $137MQ1 ’20: $111MQ1 ’20Q2 ’20: $95MQ3 ’20: $108MQ4 ’20: $129MQ1 ’21: $143MQ1 ’21Q2 ’21: $159MQ3 ’21: $152MQ4 ’21: $173MQ1 ’22: $150MQ1 ’22Q2 ’22: $143MQ3 ’22: $127MQ4 ’22: $135MQ1 ’23: $132MQ1 ’23Q2 ’23: $150MQ3 ’23: $117MQ4 ’23: $127MQ1 ’24: $137MQ1 ’24Q2 ’24: $131MQ3 ’24: $147MQ4 ’24: $153MQ1 ’25: $147MQ1 ’25Q2 ’25: $169MQ3 ’25: $190MQ4 ’25: $194MQ1 ’26: $197MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 91.7%Common Stock: 8.2%ADR: 0.1%Closed-End Fund: 0.0%REIT: 0.0%
  • ETP · 91.7% · $180M
  • Common Stock · 8.2% · $16M
  • ADR · 0.1% · $107,184
  • Closed-End Fund · 0.0% · $30,500
  • REIT · 0.0% · $7,569

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMPLIFY ETF TRNEW+6.4K6.4K+$69,857$69,857
SUNBSUNBELT RENTALS HOLDINGS INCNEW+712712+$46,344$46,344
XLESELECT SECTOR SPDR TRNEW+360360+$22,054$22,054
KOIDKRANESHARES TRUSTNEW+273273+$8,518$8,518
ISHARES TRADDED+2.1K2.5K+$233,160$272,373
ISHARES TRADDED+9001.1K+$70,441$89,712
ESGEISHARES INCADDED+13.9K22.7K+$645,576$1M
INVESCO EXCH TRADED FD TR IIADDED+2.9K5.0K+$189,324$319,316

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

Holdings — Q1 2026

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ESGDISHARES TRESG AW MSCI EAFE · ESG AWRE 1 5 YR · ISHS 5-10YR INVT · IBONDS DEC 29 · 10-20 YR TRS ETF · 7-10 YR TRSY BD · IBDS DEC28 ETF · 1 3 YR TREAS BD · IBONDS DEC 2030 · MSCI EAFE ETF · A RATE CP BD ETF · 0-3 MNTH TREASRY · JPMORGAN USD EMG · MSCI UK ETF NEW · HDG MSCI JAPAN31.79%$62M1.33M
2STATE STR SPDR S&P 500 ETF TTR UNIT14.08%$28M42.6K
3SCHWAB STRATEGIC TRFUNDAMENTAL EMER · INTL EQTY ETF6.90%$14M365.7K
4GQ9SPDR GOLD TRhistory →GOLD SHS6.87%$14M31.4K
5SPDR SERIES TRUSTBLOOMBERG INTL · STATE STREET SPD4.58%$9M293.6K
6VANGUARD SCOTTSDALE FDSSHRT TRM CORP BD · INTER TERM TREAS · LG-TERM COR BD4.21%$8M119.4K
7VANGUARD WHITEHALL FDSEM MK GOV BD ETF2.51%$5M75.9K
8SPDR INDEX SHS FDSSTATE STREET SPD2.27%$4M71.9K
9FIRST TR EXCH TRADED FD IIILNG/SHT EQUITY · INSTL PFD SECS2.14%$4M80.5K
10VANGUARD WORLD FDESG INTL STK ETF · HEALTH CAR ETF1.97%$4M46.8K
11NEW YORK LIFE INVESTMENTS ETNYLI HEDGE MULTI1.70%$3M98.0K
12VANECK ETF TRUSTGOLD MINERS ETF1.60%$3M34.2K
13ESGEISHARES INCMSCI SWITZERLAND · ESG AWR MSCI EM1.47%$3M54.2K
14FIRST TR EXCHANGE-TRADED FDNASDAQ CYB ETF1.30%$3M40.7K
15NDQINVESCO QQQ TRhistory →UNIT SER 11.26%$2M4.3K
16AMZNAMAZON COM INChistory →COM1.23%$2M11.6K
17MSFTMICROSOFT CORPhistory →COM1.22%$2M6.5K
18GOOGALPHABET INCCAP STK CL C · CAP STK CL A0.74%$1M5.1K
19GLOBAL X FDSRENEWABLE ENERGY0.59%$1M31.5K
20AAPLAPPLE INCCOM0.50%$975,0613.8K
21INVESCO EXCHANGE TRADED FD TGBL LISTED PVT0.46%$912,43616.1K
22CATCATERPILLAR INCCOM0.45%$883,8921.3K
23INVESCO ACTVELY MNGD ETC FDOPTIMUM YIELD0.42%$823,87847.6K
24NVDANVIDIA CORPORATIONCOM0.30%$588,2513.4K
25SELECT SECTOR SPDR TRSTATE STREET IND0.29%$566,0553.5K
26INVESCO EXCH TRADED FD TR IIGLOBAL WATER0.25%$499,20111.5K
27JPMJPMORGAN CHASE & COCOM0.24%$475,2831.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$197M223May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$194M235Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$190M229Nov 5, 202513F-HRchanges · EDGAR ↗
Q2 2025$169M245Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$147M191Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$153M193Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$147M183Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$131M172Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$137M160May 3, 202413F-HRchanges · EDGAR ↗
Q4 2023$127M170Jan 22, 202413F-HRchanges · EDGAR ↗
Q3 2023$117M179Oct 23, 202313F-HRchanges · EDGAR ↗
Q2 2023$150M169Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$132M111May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$135M117Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$127M115Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$143M132Jul 29, 202213F-HRchanges · EDGAR ↗
Q1 2022$150M109May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$173M119Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$152M105Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$159M98Jul 27, 202113F-HRchanges · EDGAR ↗
Q1 2021$143M94Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$129M103Jan 25, 202113F-HRchanges · EDGAR ↗
Q3 2020$108M110Oct 23, 202013F-HRchanges · EDGAR ↗
Q2 2020$95M112Jul 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$111M123Apr 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$137M135Jan 10, 202013F-HRchanges · EDGAR ↗
Q2 2019$161M158Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$167M137May 2, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$144M159Feb 7, 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 ↗.