SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Code Waechter LLC

CIK 0002039212 · 4890 W. KENNEDY BLVD., SUITE 680, TAMPA, FL, 33609 · 813-287-8775

Reported Value
$153M
Q3 2025
Positions
112
Filings on Record
7
2019–present window
Filed
Oct 22, 2025
original filing

Summary

Code Waechter LLC reported $153M in U.S.-listed holdings across 112 positions for Q3 2025.

The portfolio is heavily concentrated: Schwab Strategic Tr alone accounts for 22.0% of reported value.

Compared with Q2 2025, the fund opened 8 new positions and exited 7.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+69.7%
share of reported value
Largest Position
+22.0%
Schwab Strategic Tr
New / Exited
8 / 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
Q3 ’24: $104,949Q3 ’24Q3 ’25: $153MQ3 ’25Q4 ’25: $156MQ4 ’25Q1 ’26: $168MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 71.8%Common Stock: 24.2%ADR: 2.6%REIT: 0.9%Other: 0.4%
  • ETP · 71.8% · $110M
  • Common Stock · 24.2% · $37M
  • ADR · 2.6% · $4M
  • REIT · 0.9% · $1M
  • Other · 0.4% · $683,205

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GSKGSK PLCNEW+12.0K12.0K+$531,036$531,036
LMTLOCKHEED MARTIN CORPNEW+515515+$260,168$260,168
ORCLORACLE CORPNEW+798798+$238,602$238,602
SBUXSTARBUCKS CORPNEW+2.8K2.8K+$228,681$228,681
ROYAL CARIBBEAN GROUPNEW+657657+$206,206$206,206
KMBKIMBERLY-CLARK CORPNEW+1.7K1.7K+$205,491$205,491
GNRCGENERAC HLDGS INCNEW+1.1K1.1K+$202,202$202,202
ROUNDHILL ETF TRUSTNEW+7.5K7.5K+$201,164$201,164

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

Holdings — Q3 2025

93 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWAB STRATEGIC TRUS LCAP GR ETF · INT-TRM U.S TRES · US LRG CAP ETF · US MID-CAP ETF · US SML CAP ETF · INTL EQTY ETF · US DIVIDEND EQ · US LCAP VA ETF22.01%$34M1.17M
2ISHARES TR0-3 MNTH TREASRY · CORE S&P500 ETF · RUS 1000 GRW ETF · NATIONAL MUN ETF · SELECT DIVID ETF · SHRT NAT MUN ETF · CORE S&P MCP ETF11.99%$18M156.9K
3VANGUARD ADMIRAL FDS INCSMLCP 600 VAL · SMLCP 600 GRTH8.31%$13M120.8K
4CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory →SHS CREATION UNI7.85%$12M287.9K
5VTVVANGUARD INDEX FDSSMALL CP ETF · VALUE ETF · TOTAL STK MKT7.73%$12M47.2K
6PACER FDS TRMETAURUS CAP 400 · AMERCN ENRGY IND3.31%$5M127.1K
7INNOVATOR ETFS TRUSTDEFINED WLT SHLD2.81%$4M131.4K
8ETF SER SOLUTIONSAPTUS DEFINED2.38%$4M124.9K
9AAPLAPPLE INChistory →COM1.73%$3M10.7K
10MSFTMICROSOFT CORPhistory →COM1.61%$2M4.8K
11GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.13%$2M7.0K
12NDQINVESCO QQQ TRhistory →UNIT SER 11.06%$2M2.7K
13NVDANVIDIA CORPORATIONCOM0.92%$1M7.9K
14AVGOBROADCOM INCCOM0.87%$1M3.9K
15ABBVABBVIE INCCOM0.82%$1M5.5K
16FIDELITY COVINGTON TRUSTHIGH DIVID ETF0.79%$1M22.0K
17J P MORGAN EXCHANGE TRADED FEQUITY PREMIUM0.79%$1M21.2K
18INVESCO EXCH TRADED FD TR IIS&P500 HDL VOL · FNDMNTL HY CRP0.73%$1M30.7K
19ENBENBRIDGE INCCOM0.63%$967,12720.4K
20BMTABRITISH AMERN TOB PLCSPONSORED ADR0.63%$961,70218.8K
21SPDR S&P 500 ETF TRTR UNIT0.61%$941,6911.4K
22NGGNATIONAL GRID PLCSPONSORED ADR NE0.58%$892,41112.0K
23SPDR SERIES TRUSTPRTFLO S&P500 HI0.58%$890,66820.5K
24METAMETA PLATFORMS INCCL A0.55%$840,4611.2K
25JPMJPMORGAN CHASE & CO.COM0.54%$834,2342.8K
26AMZNAMAZON COM INCCOM0.54%$827,9083.8K
27TOTALENERGIES SESPONSORED ADS0.54%$820,13314.1K
28CHVCHEVRON CORP NEWCOM0.53%$812,9245.3K
29XELXCEL ENERGY INCCOM0.50%$772,8459.6K
30JNJJOHNSON & JOHNSONCOM0.49%$748,3233.9K
31BACVERIZON COMMUNICATIONS INCCOM0.48%$732,33918.1K
32USBUS BANCORP DELCOM NEW0.48%$728,71815.5K
33SNYSANOFI SASPONSORED ADR0.48%$728,06214.8K
34PNCPNC FINL SVCS GROUP INCCOM0.46%$710,3493.7K
35TRPTC ENERGY CORPCOM0.46%$706,69413.6K
36AMGNAMGEN INCCOM0.45%$696,1312.4K
37DWDMORGAN STANLEYCOM NEW0.45%$683,8074.4K
38EXMOCEXXON MOBIL CORPCOM0.44%$676,2106.0K
39GILDGILEAD SCIENCES INCCOM0.43%$658,1565.6K
40DUKDUKE ENERGY CORP NEWCOM NEW0.40%$616,2204.8K
41WMBWILLIAMS COS INCCOM0.40%$613,0619.8K
42BMOBANK MONTREAL QUECOM0.37%$563,5494.4K
43TFCTRUIST FINL CORPCOM0.36%$557,07612.7K
44PFEPFIZER INCCOM0.36%$551,97322.5K
45PLDPROLOGIS INC.COM0.36%$547,5794.7K
46LLYELI LILLY & COCOM0.36%$544,275670
47AEPAMERICAN ELEC PWR CO INCCOM0.35%$540,0504.6K
48GSKGSK PLCSPONSORED ADR0.35%$531,03612.0K
49OREALTY INCOME CORPCOM0.35%$530,4849.0K
50HBANHUNTINGTON BANCSHARES INCCOM0.34%$521,75331.9K
51RTXRTX CORPORATIONCOM0.32%$488,8803.1K
52PEPPEPSICO INCCOM0.29%$443,1032.9K
53VANECK ETF TRUSTLONG MUNI ETF0.28%$435,65424.7K
54MAMASTERCARD INCORPORATEDCL A0.28%$434,459765
55FEFIRSTENERGY CORPCOM0.27%$417,0288.8K
56GE AEROSPACECOM NEW0.27%$412,9421.4K
57COSTCOSTCO WHSL CORP NEWCOM0.26%$405,106428
58AZOAUTOZONE INCCOM0.25%$389,37596
59SOSOUTHERN COCOM0.25%$387,3563.9K
60PPLPPL CORPCOM0.25%$378,18410.0K
61KOCOCA COLA COCOM0.24%$369,0775.5K
62UNHUNITEDHEALTH GROUP INCCOM0.24%$363,9491.0K
63TSLATESLA INCCOM0.23%$357,557833
64TAT&T INCCOM0.23%$353,96113.5K
65WISDOMTREE TRUS LARGECAP DIVD0.23%$345,9604.0K
66IAU*ISHARES GOLD TRISHARES NEW0.23%$345,2054.4K
67BXBLACKSTONE INCCOM0.22%$339,4392.1K
68AREALEXANDRIA REAL ESTATE EQ INCOM0.21%$315,5194.2K
69BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.20%$309,981625
70MCDMCDONALDS CORPCOM0.19%$294,205966
71WECWEC ENERGY GROUP INCCOM0.19%$288,0802.5K
724I1PHILIP MORRIS INTL INCCOM0.19%$286,7361.8K
73BLKBLACKROCK INCCOM0.18%$281,845236
74HDHOME DEPOT INCCOM0.18%$273,343705
75KVUEKENVUE INCCOM0.18%$272,54716.9K
76CMCANADIAN IMPERIAL BANK OF COCOM0.17%$267,0283.3K
77LYONDELLBASELL INDUSTRIES NSHS - A -0.17%$263,2565.6K
78LMTLOCKHEED MARTIN CORPCOM0.17%$260,168515
79ORCLORACLE CORPCOM0.16%$238,602798
80NFLXNETFLIX INCCOM0.15%$236,993195
81SBUXSTARBUCKS CORPCOM0.15%$228,6812.8K
82CARRCARRIER GLOBAL CORPORATIONCOM0.14%$218,1553.8K
83AMCOR PLCORD0.14%$213,74326.4K
84VVISA INCCOM CL A0.14%$213,557613
85UNPUNION PAC CORPCOM0.14%$211,866933
86CRMSALESFORCE INCCOM0.14%$208,840871
87AIGAMERICAN INTL GROUP INCCOM NEW0.14%$208,3532.5K
88ROYAL CARIBBEAN GROUPCOM0.13%$206,206657
89KMBKIMBERLY-CLARK CORPCOM0.13%$205,4911.7K
90GNRCGENERAC HLDGS INCCOM0.13%$202,2021.1K
91ROUNDHILL ETF TRUSTS&P 500 NO DIVID0.13%$201,1647.5K
92ACHRARCHER AVIATION INCCOM CL A0.08%$130,20010.0K
93ATCHATLASCLEAR HOLDINGS INCCOM SHS0.00%$4,01610.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$168M118Apr 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$156M108Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$153M112Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025Under review111Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025Under review126Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024Under review101Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$104,949100Oct 10, 202413F-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 ↗.