SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Luminist Capital LLC

CIK 0001807270 · 4981 CASCADE RD SE, SUITE C, GRAND RAPIDS, MI, 49548 · 6165812400

Reported Value
$93M
Q1 2025
Positions
391
Filings on Record
6
2019–present window
Filed
May 14, 2025
original filing

Summary

Luminist Capital LLC reported $93M in U.S.-listed holdings across 391 positions for Q1 2025.

The portfolio is heavily concentrated: Ishares Treasury Floating Rate B Etf alone accounts for 33.8% of reported value.

Compared with Q4 2024, the fund opened 34 new positions and exited 18.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+69.8%
share of reported value
Largest Position
+33.8%
Ishares Treasury Floating Rate B Etf
New / Exited
34 / 18
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 ’24: $58MQ4 ’24Q1 ’25: $93MQ1 ’25Q2 ’25: $101MQ2 ’25Q3 ’25: $116MQ3 ’25Q4 ’25: $81MQ4 ’25Q1 ’26: $75MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 94.5%Common Stock: 4.9%Open-End Fund: 0.2%Closed-End Fund: 0.1%US DOMESTIC: 0.1%Other: 0.2%
  • ETP · 94.5% · $88M
  • Common Stock · 4.9% · $5M
  • Open-End Fund · 0.2% · $146,703
  • Closed-End Fund · 0.1% · $120,862
  • US DOMESTIC · 0.1% · $92,464
  • Other · 0.2% · $147,904

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INNOVATOR ETFS TRUSTNEW+157.3K157.3K+$6M$6M
INNOVATOR ETFS TRUSTNEW+150.7K150.7K+$4M$4M
INNOVATOR ETFS TRUSTNEW+93.2K93.2K+$2M$2M
INNOVATOR ETFS TRUSTNEW+87.6K87.6K+$2M$2M
WMTWALMART INCNEW+21.3K21.3K+$2M$2M
INNOVATOR ETFS TRUSTNEW+58.0K58.0K+$2M$2M
INNOVATOR ETFS TRUSTNEW+28.0K28.0K+$844,993$844,993
INNOVATOR ETFS TRUSTNEW+6.9K6.9K+$247,265$247,265

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

Holdings — Q1 2025

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TREASURY FLOATING RATE B ETFUIT EXCHANGE TRADED37.03%$34M681.5K
2INNOVATOR ETFS TRUSTUS EQTY PWR BUF · QUITY MANAGD FLR · US SMALL CAP PWR · GROWTH 100 PWR B · US SMALL CAP MNG · NASDAQ 100 MANA · INTL DEV PWR BUF · US SML CP PWR ET · US EQTY PWR BF22.37%$21M713.7K
3ISHARES SHORT TREASURY BOND ETFUIT EXCHANGE TRADED4.64%$4M39.1K
4SPDR GOLD MINISHARES ETVUIT EXCHANGE TRADED4.00%$4M60.2K
5ISHARES 20 PLS YEAR TREASURY BND ETFUIT EXCHANGE TRADED3.94%$4M40.0K
6ABRDN PHYSICAL GOLD SHARES ETFUIT EXCHANGE TRADED3.81%$4M119.0K
7GQ9SPDR GOLD TRhistory →GOLD SHS2.69%$2M8.7K
8WMTWALMART INChistory →COM2.02%$2M21.3K
9VANGUARD LARGE CAP ETFUIT EXCHANGE TRADED1.34%$1M4.8K
10XLFSELECT STR FINANCIAL SELECT SPDR ETFhistory →UIT EXCHANGE TRADED1.24%$1M23.2K
11XLCCOMMUNICAT SVS SLCT SEC SPDR ETFhistory →UIT EXCHANGE TRADED1.24%$1M12.0K
12XLEENERGY SELECT SECTOR SPDR ETFhistory →UIT EXCHANGE TRADED1.23%$1M12.1K
13VANGUARD MID CAP ETFUIT EXCHANGE TRADED1.01%$937,7253.6K
14VANGUARD SMALL CAP ETFUIT EXCHANGE TRADED0.99%$917,6894.1K
15NVDANVIDIA CORPCOMMON STOCK0.77%$715,0946.5K
16AAPLAPPLE INCCOM · COMMON STOCK0.66%$611,1112.7K
17GQ9SPDR GOLD SHARES ETFUIT EXCHANGE TRADED0.57%$525,3901.8K
18SELECT SECTOR HEALTH CARE SPDR ETFUIT EXCHANGE TRADED0.54%$500,5393.5K
19SPDR FUND CONSUMER STAPLES ETFUIT EXCHANGE TRADED0.40%$370,8004.5K
20TBILUS TREASURY 3 MONTH BILLETFUIT EXCHANGE TRADED0.40%$369,0157.4K
21TECHNOLOGY SELECT SECTORSPDR ETFUIT EXCHANGE TRADED0.38%$353,7191.7K
22SIMPLIFY VOLATILITY PREMIUM ETFUIT EXCHANGE TRADED0.35%$324,29917.7K
23SMPLFY MNGD FUT SGYUIT EXCHANGE TRADED0.34%$317,73910.7K
24FRST TRT LOW DTN OPNTS ETF IVUIT EXCHANGE TRADED0.31%$291,8735.9K
25BRK/BBERKSHIRE HATHAWAY CLASS BCOMMON STOCK0.31%$285,150535
26UNHUNITEDHEALTH GROUP INCCOMMON STOCK0.24%$218,943419
27ISHRS US AND INTL HIGH YIELD BD ETFUIT EXCHANGE TRADED0.21%$193,6024.4K
28GLOBAL X NASDAQ 100 RSK MG IN ETFUIT EXCHANGE TRADED0.21%$191,92311.5K
29FIRST TRUST CAPITAL STRENGTH ETFUIT EXCHANGE TRADED0.19%$177,3172.0K
30ISHARES 20 PLUS YEAR TREASURY BOND B ETFUIT EXCHANGE TRADED0.18%$164,6586.8K
31DFEBFT VEST US EQUITY DEEP BFR ETFUIT EXCHANGE TRADED0.16%$150,8193.6K
32ALLIANZIM US LRG BUFFER20 FEB ETFUIT EXCHANGE TRADED0.16%$149,3734.9K
33SIMPLIFY INTEREST RATE HEDGE ETFUIT EXCHANGE TRADED0.15%$138,2592.9K
34NDQINVESCO QQQ TRUSTUIT EXCHANGE TRADED0.13%$124,579264
35SPDR BLOOMBERG 3-12 MONTH T-BILL ETFUIT EXCHANGE TRADED0.12%$114,5301.2K
36COSTCOSTCO WHSL CORP NEWCOMMON STOCK0.12%$111,665117
37MSFTMICROSOFT CORPCOMMON STOCK0.11%$104,338273

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$75M228Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$81M276Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$116M356Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$101M497Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$93M391May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$58M372Feb 14, 202513F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • WEALTHSPAN INVESTMENT MANAGEMENT, LLC

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 ↗.