SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Carson Advisory Inc.

CIK 0001909304 · 470 HILL ST., ATHENS, GA, 30601 · 706-543-6578

Reported Value
$185M
Q3 2025
Positions
173
Filings on Record
19
2019–present window
Filed
Nov 6, 2025
original filing

Summary

Carson Advisory Inc. reported $185M in U.S.-listed holdings across 173 positions for Q3 2025.

Its largest position, HD, represents 6.6% of the portfolio.

Compared with Q2 2025, the fund opened 9 new positions and exited 7.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+36.7%
share of reported value
Largest Position
+6.6%
Home Depot
New / Exited
9 / 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, 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
Q4 ’21: $99MQ4 ’21Q1 ’22: $101MQ2 ’22: $90MQ3 ’22: $90MQ3 ’22Q4 ’22: $104MQ1 ’23: $113MQ2 ’23: $118MQ2 ’23Q3 ’23: $114MQ4 ’23: $129MQ1 ’24: $142MQ1 ’24Q2 ’24: $143MQ3 ’24: $159MQ4 ’24: $144MQ4 ’24Q1 ’25: $148MQ2 ’25: $157MQ3 ’25: $185MQ3 ’25Q4 ’25: $192MQ1 ’26: $193Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 67.1%ETP: 26.8%Closed-End Fund: 2.4%REIT: 1.5%Other: 1.1%Other: 1.1%
  • Common Stock · 67.1% · $124M
  • ETP · 26.8% · $50M
  • Closed-End Fund · 2.4% · $4M
  • REIT · 1.5% · $3M
  • Other · 1.1% · $2M
  • Other · 1.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CGCVCAPITAL GROUP CONSERVATIVE ENEW+278.1K278.1K+$8M$8M
GOOGALPHABET INCNEW+4.8K4.8K+$1M$1M
VANGUARD INTL EQUITY INDEX FNEW+4.0K4.0K+$566,209$566,209
DGEDDIAGEO PLCNEW+4.3K4.3K+$406,818$406,818
VANGUARD WORLD FDNEW+1.1K1.1K+$277,568$277,568
VTVVANGUARD INDEX FDSNEW+1.2K1.2K+$225,466$225,466
GDGENERAL DYNAMICS CORPNEW+636636+$216,820$216,820
XLFSELECT SECTOR SPDR TRNEW+3.7K3.7K+$200,472$200,472

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

Holdings — Q3 2025

154 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HDHOME DEPOT INChistory →COM6.60%$12M30.2K
2CGCVCAPITAL GROUP CONSERVATIVE Ehistory →SHS4.52%$8M278.1K
3CGGOUSDCAPITAL GROUP GBL GROWTH EQThistory →SHS CREATION UNI4.22%$8M229.1K
4T ROWE PRICE ETF INCCAP APPRECIATION · ULTRA SHRT TRM4.14%$8M199.4K
5BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.97%$7M14.6K
6SOSOUTHERN COhistory →COM3.57%$7M69.8K
7AAPLAPPLE INChistory →COM2.66%$5M19.4K
8DDOMINION ENERGY INChistory →COM2.49%$5M75.4K
9BLACKROCK ETF TRUST IIISHARES FLEXIBLE2.28%$4M79.5K
10EIXEDISON INTLhistory →COM2.26%$4M75.7K
11IBMINTERNATIONAL BUSINESS MACHShistory →COM2.24%$4M14.7K
12ISHARES TRPFD AND INCM SEC · CORE S&P SCP ETF · CORE S&P MCP ETF · CORE S&P500 ETF · RUS 1000 GRW ETF · SELECT DIVID ETF · MSCI USA MIN VOL2.21%$4M71.6K
13AESAES CORPhistory →COM2.16%$4M305.0K
14MSFTMICROSOFT CORPhistory →COM2.16%$4M7.7K
15DUKDUKE ENERGY CORP NEWhistory →COM NEW2.10%$4M31.4K
16CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory →SHS CREATION UNI1.80%$3M79.2K
17VUGVANGUARD INDEX FDSTOTAL STK MKT · REAL ESTATE ETF · S&P 500 ETF SHS · GROWTH ETF · SMALL CP ETF · MID CAP ETF · VALUE ETF1.74%$3M15.1K
18JPMJPMORGAN CHASE & CO.history →COM1.63%$3M9.6K
19BACBANK AMERICA CORPhistory →COM1.60%$3M57.5K
20JXNJACKSON FINANCIAL INChistory →COM CL A1.34%$2M24.6K
21JNJJOHNSON & JOHNSONhistory →COM1.07%$2M10.7K
22PGPROCTER AND GAMBLE COCOM1.00%$2M12.1K
23TAT&T INCCOM0.95%$2M62.5K
24SYU1SYNOVUS FINL CORPCOM NEW0.93%$2M35.0K
25NUVEEN MUNICIPAL CREDIT INCCOM SH BEN INT0.91%$2M134.5K
26DALDELTA AIR LINES INC DELCOM NEW0.89%$2M29.1K
27BXBLACKSTONE INCCOM0.89%$2M9.6K
28TRVCCITIGROUP INCCOM NEW0.79%$1M14.5K
29WESTERN ASSET INTER MUNI FDCOM0.79%$1M184.2K
30KOCOCA COLA COCOM0.77%$1M21.4K
31SLGSL GREEN RLTY CORPCOM0.70%$1M21.6K
32CGCARLYLE GROUP INCCOM0.68%$1M20.0K
33NVDANVIDIA CORPORATIONCOM0.67%$1M6.7K
34MUMICRON TECHNOLOGY INCCOM0.66%$1M7.3K
35VANGUARD SPECIALIZED FUNDSDIV APP ETF0.66%$1M5.6K
36AFLAFLAC INCCOM0.65%$1M10.8K
37BACVERIZON COMMUNICATIONS INCCOM0.65%$1M27.2K
38GOOGALPHABET INCCAP STK CL C0.63%$1M4.8K
39WMTWALMART INCCOM0.63%$1M11.3K
40EATON CORP PLCSHS0.61%$1M3.0K
41BABOEING COCOM0.58%$1M5.0K
42WDWALKER & DUNLOP INCCOM0.57%$1M12.7K
43AMPLIFY ETF TRCWP ENHANCED DIV0.57%$1M23.5K
44GOLDMAN SACHS ETF TRJUST US LRG CP0.56%$1M11.1K
45WFCWELLS FARGO CO NEWCOM0.56%$1M12.3K
46NUSHARES ETF TRNUVEEN ESG MIDVL · NUVEEN ESG EMRGN0.55%$1M26.8K
47CHVCHEVRON CORP NEWCOM0.55%$1M6.5K
48PEPPEPSICO INCCOM0.55%$1M7.2K
49VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF · FTSE EUROPE ETF0.54%$1M9.5K
50AMZNAMAZON COM INCCOM0.53%$990,4804.5K
51TFCTRUIST FINL CORPCOM0.52%$955,44420.9K
52GE AEROSPACECOM NEW0.50%$934,8343.1K
53NEENEXTERA ENERGY INCCOM0.50%$929,59412.3K
54EXMOCEXXON MOBIL CORPCOM0.49%$909,0788.1K
55UPSUNITED PARCEL SERVICE INCCL B0.46%$854,99410.2K
56STWDSTARWOOD PPTY TR INCCOM0.44%$816,58142.2K
57PRUPRUDENTIAL FINL INCCOM0.44%$813,4657.8K
58XLUSELECT SECTOR SPDR TRTECHNOLOGY · SBI INT-UTILS · FINANCIAL0.44%$810,6158.1K
59WHRWHIRLPOOL CORPCOM0.43%$793,86010.1K
60VANGUARD STAR FDSVG TL INTL STK F0.40%$750,68810.2K
61METAMETA PLATFORMS INCCL A0.38%$705,037960
62TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.38%$704,6492.5K
63LOWLOWES COS INCCOM0.38%$697,5192.8K
64PCGPG&E CORPCOM0.37%$678,68545.0K
65NVONOVO-NORDISK A SADR0.36%$675,48012.2K
664I1PHILIP MORRIS INTL INCCOM0.35%$640,7744.0K
67CAPITAL GRP FIXED INCM ETF TMUNICIPAL INCOME · CORE PLUS INCM0.34%$638,96925.5K
68ABBVABBVIE INCCOM0.34%$626,3162.7K
69SCHWSCHWAB CHARLES CORPCOM0.34%$625,9976.6K
70CRMSALESFORCE INCCOM0.33%$605,8632.6K
71APOAPOLLO GLOBAL MGMT INCCOM0.33%$602,6974.5K
72AVGOBROADCOM INCCOM0.32%$586,2501.8K
73LLYELI LILLY & COCOM0.30%$560,805735
74VANGUARD WORLD FDHEALTH CAR ETF · ESG INTL STK ETF0.29%$534,2374.8K
75RTXRTX CORPORATIONCOM0.26%$487,8362.9K
76NDQINVESCO QQQ TRUNIT SER 10.26%$485,099808
77CGBLCAPITAL GROUP CORE BALANCEDSHS0.25%$471,32413.6K
78GRALGRAIL INCCOM0.25%$467,1277.9K
79BAMBROOKFIELD ASSET MANAGMT LTDCL A LMT VTG SHS0.25%$458,4458.1K
80XYZBLOCK INCCL A0.25%$454,2176.3K
81SBUXSTARBUCKS CORPCOM0.24%$452,9685.4K
82MMUWESTERN ASSET MANAGED MUNS FCOM0.24%$450,86543.6K
83SNOWSNOWFLAKE INCCOM SHS0.24%$446,5892.0K
84GILDGILEAD SCIENCES INCCOM0.24%$436,0083.9K
85QCOMQUALCOMM INCCOM0.23%$430,0532.6K
86PNCPNC FINL SVCS GROUP INCCOM0.23%$424,3112.1K
87ICEINTERCONTINENTAL EXCHANGE INCOM0.23%$420,1892.5K
88ZIONZIONS BANCORPORATION N ACOM0.22%$410,9167.3K
89MOALTRIA GROUP INCCOM0.22%$409,7206.2K
90NOCNORTHROP GRUMMAN CORPCOM0.22%$407,635669
91DGEDDIAGEO PLCSPON ADR NEW0.22%$406,8184.3K
92ITWILLINOIS TOOL WKS INCCOM0.22%$405,6751.6K
93ILMNILLUMINA INCCOM0.22%$405,0474.3K
94FASTFASTENAL COCOM0.22%$401,7368.2K
95DBX ETF TRXTRACK MSCI EAFE0.22%$401,6268.7K
96CHUBB LIMITEDCOM0.21%$395,2911.4K
97GEVGE VERNOVA INCCOM0.21%$384,314625
98CVSCVS HEALTH CORPCOM0.21%$382,0015.1K
99NUVEEN PFD & INCOME OPPORTUNCOM0.20%$376,06045.9K
100MCDMCDONALDS CORPCOM0.20%$371,7141.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$193M188May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$192M183Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$185M173Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$157M171Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$148M164May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$144M157Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$159M177Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$143M166Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$142M173May 3, 202413F-HRchanges · EDGAR ↗
Q4 2023$129M160Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$114M150Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$118M156Jul 28, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023$113M151May 5, 202313F-HRchanges · EDGAR ↗
Q4 2022$104M138Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$90M126Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$90M123Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$101M134May 3, 202213F-HRchanges · EDGAR ↗
Q4 2021$99M134Feb 8, 202213F-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 ↗.