SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Carson Advisory Inc.

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

Reported Value
$192M
Q4 2025
Positions
183
Filings on Record
19
2019–present window
Filed
Feb 12, 2026
original filing

Summary

Carson Advisory Inc. reported $192M in U.S.-listed holdings across 183 positions for Q4 2025.

Its largest position, HD, represents 5.5% of the portfolio.

Compared with Q3 2025, the fund opened 13 new positions and exited 3.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+35.2%
share of reported value
Largest Position
+5.5%
Home Depot
New / Exited
13 / 3
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 ’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: 65.6%ETP: 29.2%Closed-End Fund: 2.2%REIT: 1.2%ADR: 0.8%Other: 1.0%
  • Common Stock · 65.6% · $126M
  • ETP · 29.2% · $56M
  • Closed-End Fund · 2.2% · $4M
  • REIT · 1.2% · $2M
  • ADR · 0.8% · $2M
  • Other · 1.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
T ROWE PRICE ETF INCNEW+78.9K78.9K+$2M$2M
OKEONEOK INC NEWNEW+9.0K9.0K+$659,663$659,663
LWLAMB WESTON HLDGS INCNEW+8.8K8.8K+$369,366$369,366
SPDR SERIES TRUSTNEW+13.6K13.6K+$339,184$339,184
CAPITAL GRP FIXED INCM ETF TNEW+11.7K11.7K+$309,091$309,091
CBRLCRACKER BARREL OLD CTRY STORNEW+11.9K11.9K+$302,260$302,260
INVESCO EXCHANGE TRADED FD TNEW+1.5K1.5K+$282,035$282,035
ISHARES TRNEW+10.3K10.3K+$261,296$261,296

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

Holdings — Q4 2025

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1T ROWE PRICE ETF INCCAP APPRECIATION · CAPITAL APPRECIA · ULTRA SHRT TRM5.72%$11M311.5K
2HDHOME DEPOT INChistory →COM5.45%$10M30.5K
3CGCVCAPITAL GROUP CONSERVATIVE Ehistory →SHS4.49%$9M283.2K
4CGGOUSDCAPITAL GROUP GBL GROWTH EQThistory →SHS CREATION UNI4.26%$8M236.8K
5BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.87%$7M14.8K
6SOSOUTHERN COhistory →COM3.24%$6M71.4K
7AAPLAPPLE INChistory →COM2.65%$5M18.7K
8BLACKROCK ETF TRUST IIISHARES FLEXIBLE2.40%$5M87.4K
9IBMINTERNATIONAL BUSINESS MACHShistory →COM2.35%$5M15.3K
10EIXEDISON INTLhistory →COM2.31%$4M74.1K
11DDOMINION ENERGY INChistory →COM2.28%$4M74.9K
12AESAES CORPhistory →COM2.26%$4M303.2K
13MSFTMICROSOFT CORPhistory →COM1.93%$4M7.7K
14DUKDUKE ENERGY CORP NEWhistory →COM NEW1.88%$4M30.9K
15CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory →SHS CREATION UNI1.86%$4M81.9K
16BACBANK AMERICA CORPhistory →COM1.63%$3M57.1K
17JPMJPMORGAN CHASE & CO.history →COM1.52%$3M9.1K
18JXNJACKSON FINANCIAL INChistory →COM CL A1.23%$2M22.2K
19JNJJOHNSON & JOHNSONhistory →COM1.09%$2M10.2K
20DALDELTA AIR LINES INC DELhistory →COM NEW1.05%$2M29.0K
21SYU1SYNOVUS FINL CORPCOM NEW0.93%$2M35.7K
22PGPROCTER AND GAMBLE COCOM0.90%$2M12.1K
23NUVEEN MUNICIPAL CREDIT INCCOM SH BEN INT0.88%$2M134.1K
24ISHARES TRPFD AND INCM SEC0.81%$2M50.1K
25TAT&T INCCOM0.80%$2M62.3K
26TRVCCITIGROUP INCCOM NEW0.80%$2M13.3K
27MUMICRON TECHNOLOGY INCCOM0.79%$2M5.3K
28GOOGALPHABET INCCAP STK CL C0.78%$2M4.8K
29KOCOCA COLA COCOM0.78%$2M21.5K
30BXBLACKSTONE INCCOM0.77%$1M9.6K
31VANGUARD SPECIALIZED FUNDSDIV APP ETF0.70%$1M6.1K
32WMTWALMART INCCOM0.69%$1M11.9K
33WESTERN ASSET INTER MUNI FDCOM0.68%$1M170.6K
34NVDANVIDIA CORPORATIONCOM0.64%$1M6.6K
35CGCARLYLE GROUP INCCOM0.61%$1M19.8K
36AFLAFLAC INCCOM0.59%$1M10.3K
37GE AEROSPACECOM NEW0.57%$1M3.6K
38BABOEING COCOM0.57%$1M5.0K
39METAMETA PLATFORMS INCCL A0.56%$1M1.6K
40BACVERIZON COMMUNICATIONS INCCOM0.56%$1M26.6K
41GOLDMAN SACHS ETF TRJUST US LRG CP0.56%$1M11.1K
42AMZNAMAZON COM INCCOM0.56%$1M4.6K
43WFCWELLS FARGO CO NEWCOM0.55%$1M11.4K
44AMPLIFY ETF TRCWP ENHANCED DIV0.54%$1M23.2K
45TFCTRUIST FINL CORPCOM0.53%$1M20.6K
46NEENEXTERA ENERGY INCCOM0.51%$988,71412.3K
47SLGSL GREEN RLTY CORPCOM0.51%$986,78221.5K
48PEPPEPSICO INCCOM0.51%$985,8276.9K

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 ↗.