Managers / Q4 2025 · view latest →
Code Waechter LLC
CIK 0002039212 · 4890 W. KENNEDY BLVD., SUITE 680, TAMPA, FL, 33609 · 813-287-8775
Summary
Code Waechter LLC reported $156M in U.S.-listed holdings across 108 positions for Q4 2025.
Its largest position, Schwab Strategic Tr, represents 11.5% of the portfolio.
Compared with Q3 2025, the fund opened 8 new positions and exited 12.
Portfolio Metrics
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
Portfolio Composition
- ETP · 71.3% · $111M
- Common Stock · 24.4% · $38M
- ADR · 2.3% · $4M
- Other · 1.0% · $2M
- REIT · 0.9% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TOTALENERGIES SE | NEW | +13.9K | 13.9K | +$911,889 | $911,889 |
| LVSLAS VEGAS SANDS CORP | NEW | +3.7K | 3.7K | +$243,437 | $243,437 |
| HALHALLIBURTON CO | NEW | +8.1K | 8.1K | +$228,200 | $228,200 |
| ISHARES TR | NEW | +2.4K | 2.4K | +$226,620 | $226,620 |
| DGEDDIAGEO PLC | NEW | +2.5K | 2.5K | +$213,001 | $213,001 |
| LINDE PLC | NEW | +489 | 489 | +$208,505 | $208,505 |
| COFCAPITAL ONE FINL CORP | NEW | +858 | 858 | +$207,945 | $207,945 |
| GDGENERAL DYNAMICS CORP | NEW | +609 | 609 | +$205,026 | $205,026 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR | US 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 | 23.49% | $37M | 1.24M |
| 2 | ISHARES TR | 0-3 MNTH TREASRY · CORE S&P500 ETF · RUS 1000 GRW ETF · NATIONAL MUN ETF · SELECT DIVID ETF | 10.57% | $16M | 133.6K |
| 3 | VANGUARD ADMIRAL FDS INC | SMLCP 600 VAL · SMLCP 600 GRTH | 8.51% | $13M | 123.5K |
| 4 | CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory → | SHS CREATION UNI | 8.30% | $13M | 296.1K |
| 5 | VTVVANGUARD INDEX FDS | SMALL CP ETF · VALUE ETF | 6.81% | $11M | 42.2K |
| 6 | INNOVATOR ETFS TRUST | DEFINED WLT SHLD | 2.78% | $4M | 129.1K |
| 7 | ETF SER SOLUTIONS | APTUS DEFINED | 2.19% | $3M | 119.6K |
| 8 | PACER FDS TR | METAURUS CAP 400 | 2.01% | $3M | 73.8K |
| 9 | MSFTMICROSOFT CORPhistory → | COM | 1.49% | $2M | 4.8K |
| 10 | AAPLAPPLE INChistory → | COM | 1.45% | $2M | 8.3K |
| 11 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 1.18% | $2M | 5.8K |
| 12 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.09% | $2M | 2.8K |
| 13 | NVDANVIDIA CORPORATIONhistory → | COM | 1.09% | $2M | 9.1K |
| 14 | AVGOBROADCOM INC | COM | 0.83% | $1M | 3.7K |
| 15 | ABBVABBVIE INC | COM | 0.83% | $1M | 5.6K |
| 16 | J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 0.80% | $1M | 21.9K |
| 17 | FIDELITY COVINGTON TRUST | HIGH DIVID ETF | 0.80% | $1M | 22.0K |
| 18 | BMTABRITISH AMERN TOB PLC | SPONSORED ADR | 0.79% | $1M | 21.8K |
| 19 | AMZNAMAZON COM INC | COM | 0.64% | $992,064 | 4.3K |
| 20 | WMBWILLIAMS COS INC | COM | 0.63% | $984,003 | 16.4K |
| 21 | SPDR S&P 500 ETF TR | TR UNIT | 0.62% | $966,975 | 1.4K |
| 22 | ENBENBRIDGE INC | COM | 0.62% | $961,048 | 20.1K |
| 23 | NGGNATIONAL GRID PLC | SPONSORED ADR NE | 0.59% | $912,266 | 11.8K |
| 24 | TOTALENERGIES SE | ACT | 0.59% | $911,889 | 13.9K |
| 25 | SPDR SERIES TRUST | STATE STREET SPD | 0.57% | $887,181 | 20.5K |
| 26 | JPMJPMORGAN CHASE & CO. | COM | 0.57% | $886,631 | 2.8K |
| 27 | INVESCO EXCH TRADED FD TR II | S&P500 HDL VOL | 0.57% | $881,328 | 18.4K |
| 28 | USBUS BANCORP DEL | COM NEW | 0.56% | $876,865 | 16.4K |
| 29 | JNJJOHNSON & JOHNSON | COM | 0.55% | $854,704 | 4.1K |
| 30 | LLYELI LILLY & CO | COM | 0.54% | $843,624 | 785 |
| 31 | PNCPNC FINL SVCS GROUP INC | COM | 0.53% | $822,605 | 3.9K |
| 32 | CHVCHEVRON CORP NEW | COM | 0.52% | $805,106 | 5.3K |
| 33 | TRPTC ENERGY CORP | COM | 0.50% | $776,906 | 14.1K |
| 34 | BACVERIZON COMMUNICATIONS INC | COM | 0.49% | $763,577 | 18.7K |
| 35 | METAMETA PLATFORMS INC | CL A | 0.49% | $758,445 | 1.1K |
| 36 | EXMOCEXXON MOBIL CORP | COM | 0.48% | $753,208 | 6.3K |
| 37 | AMGNAMGEN INC | COM | 0.48% | $751,504 | 2.3K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $168M | 118 | Apr 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $156M | 108 | Jan 26, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $153M | 112 | Oct 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | Under review | 111 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | Under review | 126 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | Under review | 101 | Jan 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $104,949 | 100 | Oct 10, 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 ↗.