Managers / Q1 2026

LM Advisors LLC

CIK 0002011314 · 750 B ST, SUITE 3020, SAN DIEGO, CA, 92101 · (619) 814-1400

Reported Value

$6M

Q1 2026

Positions

212

Filings on Record

2024–present window

Filed

May 14, 2026

original filing

Summary

Lm Advisors LLC reported $6M in U.S.-listed holdings across 212 positions for Q1 2026.

Its largest position, OMFL, represents 9.4% of the portfolio.

Compared with Q4 2025, the fund opened 14 new positions and exited 12.

Portfolio Metrics

Turnover

+6.4%

vs prior filed quarter

Top-10 Concentration

+43.8%

share of reported value

Largest Position

+9.4%

Invesco Exch Trd Slf Idx Fd Rusl 1000 Dynm

New / Exited

14 / 12

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 · 54.9% · $3M
Common Stock · 29.0% · $2M
Closed-End Fund · 15.4% · $977,082
REIT · 0.5% · $32,686
MLP · 0.1% · $6,355
ADR · 0.1% · $5,813

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
NAC NUVEEN CA DIVI ADV MUN COM	NEW	+3.9K	3.9K	+$330,619	$330,619
NAD NUVEEN QUALITY MUNCP INCOME COM	NEW	+3.4K	3.4K	+$297,845	$297,845
MHD BLACKROCK MUNIHOLDINGS FD IN COM	NEW	+1.8K	1.8K	+$156,484	$156,484
NDMO NUVEEN DYNAMIC MUN OPPORTUNI COM SHS	NEW	+447	447	+$43,443	$43,443
FIRST TR EXCHNG TRADED FD VI FT VEST EMERGING	NEW	+586	586	+$24,091	$24,091
CMF ISHARES TR CALIF MUN BD ETF	NEW	+959	959	+$16,872	$16,872
JMUB J P MORGAN EXCHANGE TRADED F MUNICIPAL ETF	NEW	+388	388	+$7,768	$7,768
GDX VANECK ETF TRUST GOLD MINERS ETF	NEW	+359	359	+$3,916	$3,916

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

Holdings — Q1 2026

201 positions (from 212 filing rows — )

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	OMFL INVESCO EXCH TRD SLF IDX FD RUSL 1000 DYNM history →	ETF	9.41%	$595,305	35.7K
2	NAC NUVEEN CA DIVI ADV MUN COM history →	COM	5.23%	$330,619	3.9K
3	SPY STATE STR SPDR S&P 500 ETF T TR UNIT history →	ETF	5.02%	$317,675	52.2K
4	NAD NUVEEN QUALITY MUNCP INCOME COM history →	COM	4.71%	$297,845	3.4K
5	AMZN AMAZON COM INC COM history →	COM	4.08%	$258,170	53.6K
6	GJAN FIRST TR EXCHNG TRADED FD VI FT VEST US EQT	ETF	3.96%	$250,381	12.7K
7	FIRST TR EXCHNG TRADED FD VI FT VEST INT EQ M	ETF	3.18%	$201,304	5.3K
8	GOOG ALPHABET INC CAP STK CL C	Cl C · Cl A	2.93%	$185,227	53.0K
9	OBDC BLUE OWL CAPITAL CORPORATION COM history →	COM	2.83%	$179,107	2.0K
10	MHD BLACKROCK MUNIHOLDINGS FD IN COM history →	COM	2.47%	$156,484	1.8K
11	SOFI SOFI TECHNOLOGIES INC COM history →	COM	1.65%	$104,559	1.7K
12	AAPL APPLE INC COM history →	COM	1.63%	$103,087	26.1K
13	VIG VANGUARD SPECIALIZED FUNDS DIV APP ETF history →	ETF	1.60%	$101,147	21.7K
14	VOO VANGUARD INDEX FDS S&P 500 ETF SHS history →	ETF	1.48%	$93,918	56.1K
15	FIRST TR EXCHNG TRADED FD VI FT VEST U.S	ETF	1.47%	$93,234	4.0K
16	IBIT ISHARES BITCOIN TRUST ETF SHS BEN INT history →	ETF	1.42%	$89,760	3.4K
17	SDVY FIRST TR EXCHANGE TRADED FD SMID RISNG ETF history →	ETF	1.40%	$88,385	3.5K
18	ACP ABRDN INCOME CREDIT STRATEGI COM history →	COM	1.39%	$88,144	450
19	QQQ INVESCO QQQ TR UNIT SER 1 history →	ETF	1.26%	$79,870	46.1K
20	BSV VANGUARD BD INDEX FDS SHORT TRM BOND history →	ETF	1.18%	$74,684	5.9K
21	MSDL MORGAN STANLEY DIRECT LENDIN COM SHS history →	COM	1.15%	$72,996	1.1K
22	DGRW WISDOMTREE TR US QTLY DIV GRT history →	ETF	1.11%	$70,215	6.2K
23	VWO VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF history →	ETF	1.07%	$67,707	3.7K
24	IEMG ISHARES INC CORE MSCI EMKT history →	ETF	1.05%	$66,356	4.6K
25	RSP INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT history →	ETF	1.02%	$64,475	12.4K
26	EEMV ISHARES INC MSCI EMERG MRKT	ETF	0.95%	$59,811	4.3K
27	GBDC GOLUB CAP BDC INC COM	COM	0.94%	$59,583	754
28	IHI ISHARES TR U.S. MED DVC ETF	ETF	0.92%	$58,015	3.1K
29	FIRST TR EXCHNG TRADED FD VI FT VEST INTER EQ	ETF	0.91%	$57,620	1.6K
30	SPHD INVESCO EXCH TRADED FD TR II S&P500 HDL VOL	ETF	0.90%	$57,087	2.8K
31	RECS COLUMBIA ETF TR I RESH ENHNC COR	ETF	0.84%	$52,876	2.1K
32	XLU SELECT SECTOR SPDR TR STATE STREET UTI	ETF	0.83%	$52,690	2.4K
33	EA SERIES TRUST ALTRIUS GBL DIV	ETF	0.82%	$51,799	2.1K
34	IAU ISHARES GOLD TR ISHARES NEW	ETF	0.81%	$51,413	4.5K
35	BAC BANK AMERICA CORP COM	COM	0.80%	$50,902	2.5K
36	MUST COLUMBIA ETF TR I MULTI SEC MUNI	ETF	0.77%	$48,878	1.0K
37	WMT WALMART INC COM	COM	0.72%	$45,797	5.7K
38	GJUN FIRST TR EXCHNG TRADED FD VI FT VEST U.S EQT	ETF	0.72%	$45,756	1.8K
39	IEFA ISHARES TR CORE MSCI EAFE	ETF	0.70%	$44,428	4.0K
40	NDMO NUVEEN DYNAMIC MUN OPPORTUNI COM SHS	COM	0.69%	$43,443	447
41	PLTR PALANTIR TECHNOLOGIES INC CL A	Cl A	0.69%	$43,430	6.4K
42	XLF SELECT SECTOR SPDR TR STATE STREET FIN	ETF	0.63%	$40,143	2.0K
43	BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW	Cl B · Cl A	0.62%	$39,277	26.0K
44	BSTZ BLACKROCK SCIENCE & TECHNOLO SHS BEN INT	ETF	0.61%	$38,743	858
45	MSFT MICROSOFT CORP COM	COM	0.60%	$37,828	14.0K
46	NVDA NVIDIA CORPORATION COM	COM	0.59%	$37,008	6.5K
47	DIA STATE STR SPDR DOW JONES IND UT SER 1	ETF	0.57%	$36,299	16.8K
48	VTI VANGUARD INDEX FDS TOTAL STK MKT	ETF	0.55%	$34,978	11.2K
49	LTH LIFE TIME GROUP HOLDINGS INC COMMON STOCK	COM	0.54%	$34,000	916
50	VHT VANGUARD WORLD FD HEALTH CAR ETF	ETF	0.49%	$31,221	8.5K
51	EWJ ISHARES INC MSCI JAPAN ETF	ETF	0.49%	$31,100	2.6K
52	TQQQ PROSHARES TR ULTRAPRO QQQ	ETF	0.48%	$30,090	1.3K
53	RSPH INVESCO EXCHANGE TRADED FD T S&P500 EQL HLT	ETF	0.47%	$29,809	900
54	IIGD INVESCO EXCH TRD SLF IDX FD INVT GRD DEFSV	ETF	0.46%	$29,314	721
55	PFE PFIZER INC COM	COM	0.45%	$28,534	801
56	XLV SELECT SECTOR SPDR TR STATE STREET HEA	ETF	0.38%	$24,256	3.6K
57	VZ VERIZON COMMUNICATIONS INC COM	COM	0.38%	$24,161	1.2K
58	FIRST TR EXCHNG TRADED FD VI FT VEST EMERGING	ETF	0.38%	$24,091	586
59	BXSL BLACKSTONE SECD LENDING FD COMMON STOCK	COM	0.38%	$23,988	587
60	PANW PALO ALTO NETWORKS INC COM	COM	0.36%	$22,591	3.6K
61	MUC BLACKROCK MUNIHLDNGS CALI COM	COM	0.34%	$21,804	227
62	NFLX NETFLIX INC. COM	COM	0.32%	$20,396	2.0K
63	ETHA ISHARES ETHEREUM TR SHS	ETF	0.31%	$19,728	312
64	BX BLACKSTONE INC COM	COM	0.31%	$19,399	2.2K
65	C CITIGROUP INC COM NEW	COM	0.31%	$19,353	2.2K
66	RPRX ROYALTY PHARMA PLC SHS CLASS A	ADR	0.30%	$18,941	909
67	CRM SALESFORCE INC COM	COM	0.29%	$18,063	3.4K
68	VTV VANGUARD INDEX FDS VALUE ETF	ETF	0.27%	$16,899	3.3K
69	CMF ISHARES TR CALIF MUN BD ETF	ETF	0.27%	$16,872	959
70	AVGO BROADCOM INC COM	COM	0.26%	$16,550	5.1K
71	META META PLATFORMS INC CL A	Cl A	0.26%	$16,435	9.4K
72	NEE NEXTERA ENERGY INC COM	COM	0.25%	$15,659	1.5K
73	ARE ALEXANDRIA REAL ESTATE EQ IN COM	COM	0.23%	$14,742	695
74	ORCL ORACLE CORP COM	COM	0.23%	$14,596	2.1K
75	MRK MERCK & CO INC COM	COM	0.23%	$14,258	1.7K
76	JPM JPMORGAN CHASE & CO COM	COM	0.22%	$14,011	4.1K
77	IREN IREN LIMITED ORDINARY SHARES	COM	0.22%	$13,613	467
78	UDOW PROSHARES TR ULTRPRO DOW30	ETF	0.21%	$13,322	668
79	RSI RUSH STREET INTERACTIVE INC COM	COM	0.21%	$13,000	283
80	SHV ISHARES TR TRUST ISHARE 0-1	ETF	0.20%	$12,691	1.4K
81	GLD SPDR GOLD TR GOLD SHS	ETF	0.20%	$12,554	5.4K
82	QCOM QUALCOMM INC COM	COM	0.20%	$12,473	1.6K
83	DIS DISNEY WALT CO COM	COM	0.20%	$12,455	1.2K
84	CIBR FIRST TR EXCHANGE-TRADED FD NASDAQ CYB ETF	ETF	0.20%	$12,455	781
85	KO COCA COLA CO COM	COM	0.19%	$12,092	920
86	VTEB VANGUARD MUN BD FDS TAX EXEMPT BD	ETF	0.18%	$11,155	557
87	AMD ADVANCED MICRO DEVICES INC COM	COM	0.17%	$10,923	2.2K
88	EFSC ENTERPRISE FINL SVCS CORP COM	COM	0.17%	$10,832	586
89	NOW SERVICENOW INC COM	COM	0.17%	$10,646	1.1K
90	IWV ISHARES TR RUSSELL 3000 ETF	ETF	0.17%	$10,644	3.9K
91	SHOP SHOPIFY INC CL A SUB VTG SHS	Cl A	0.17%	$10,545	1.3K
92	O REALTY INCOME CORP COM	COM	0.16%	$10,283	632
93	IGV ISHARES TR EXPANDED TECH	ETF	0.16%	$9,855	789
94	TSLA TESLA INC COM	COM	0.15%	$9,559	3.6K
95	XBI SPDR SERIES TRUST STATE STREET SPD	ETF	0.15%	$9,556	1.3K
96	UPRO PROSHARES TR ULTRPRO S&P500	ETF	0.15%	$9,495	921
97	IJH ISHARES TR CORE S&P MCP ETF	ETF	0.15%	$9,455	638
98	JNJ JOHNSON & JOHNSON COM	COM	0.14%	$9,021	2.2K
99	VGK VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF	ETF	0.13%	$8,528	703
100	EXMOC EXXON MOBIL CORP COM	COM	0.13%	$8,239	1.4K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$6M	212	May 14, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	Under review	210	Feb 13, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$694M	207	Nov 13, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$777M	184	Aug 14, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$555M	215	May 13, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$559M	186	Feb 26, 2025	RESTATEMENT	changes · EDGAR ↗
Q3 2024	Under review	171	Nov 7, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	Under review	196	Aug 14, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$630M	246	May 15, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$497M	740	Feb 14, 2024	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 ↗.