Managers / Q1 2026
DAHRING | CUSMANO LLC
CIK 0002053669 · 26200 TOWN CENTER DR, SUITE 100, NOVI, MI, 48375 · 248-348-0100
Summary
Dahring | Cusmano LLC reported $163M in U.S.-listed holdings across 58 positions for Q1 2026.
Its largest position, Pimco Etf Tr, represents 11.6% of the portfolio.
Compared with Q4 2025, the fund opened 12 new positions and exited 3.
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 · 97.7% · $159M
- Common Stock · 2.3% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CGDVUSDCAPITAL GROUP DIVIDEND VALUE | NEW | +160.6K | 160.6K | +$7M | $7M |
| PIMCO EQUITY SER | NEW | +203.5K | 203.5K | +$5M | $5M |
| SCHWAB STRATEGIC TR | NEW | +49.4K | 49.4K | +$2M | $2M |
| VANGUARD MALVERN FDS | NEW | +23.8K | 23.8K | +$2M | $2M |
| FIDELITY COVINGTON TRUST | NEW | +55.9K | 55.9K | +$2M | $2M |
| JANUS DETROIT STR TR | NEW | +32.9K | 32.9K | +$2M | $2M |
| VDEVANGUARD WORLD FD | NEW | +5.0K | 5.0K | +$872,272 | $872,272 |
| TFNST ROWE PRICE ETF INC | NEW | +34.4K | 34.4K | +$864,330 | $864,330 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FIDELITY COVINGTON TRUST | FUNDAMENTAL LARG · ENHANCED SMALL · ENHANCED INTL · BLUE CHIP GRWTH · HIGH DIVID ETF · MSCI INFO TECH I · FUNDAMENTAL SMAL · EMERG MKTS MLTFT | 31.55% | $51M | 1.12M |
| 2 | SCHWAB STRATEGIC TR | US LCAP GR ETF · HIGH YIELD BD ET · FUNDAMENTAL INTL · FUNDAMENTAL US L | 15.63% | $25M | 877.5K |
| 3 | PIMCO ETF TR | MULTISECTOR BD · MUNI INCOME OPP · COMMODITY STRAT | 12.32% | $20M | 749.1K |
| 4 | VANGUARD MALVERN FDS | MULTI SECTOR · CORE-PLUS BD ETF | 7.14% | $12M | 215.4K |
| 5 | TFNST ROWE PRICE ETF INC | US EQUITY RESEAR · ULTRA SHRT TRM · SMALL MID CAP · FINANCIALS ETF · CAP APPRECIATION · FLOATING RATE | 5.94% | $10M | 242.6K |
| 6 | CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory → | SHS CREATION UNI | 4.20% | $7M | 160.6K |
| 7 | PIMCO EQUITY SER | RAFI DYN EMERG | 3.13% | $5M | 203.5K |
| 8 | VANGUARD INDEX FDS | LARGE CAP ETF · SML CP GRW ETF · SMALL CP ETF | 2.75% | $4M | 15.1K |
| 9 | IAU*ISHARES GOLD TRhistory → | ISHARES NEW | 2.53% | $4M | 46.6K |
| 10 | INVESCO EXCHANGE TRADED FD T | S&P MDCP QUALITY | 2.31% | $4M | 36.3K |
| 11 | FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 2.29% | $4M | 81.5K |
| 12 | VDEVANGUARD WORLD FD | HEALTH CAR ETF · ENERGY ETF · MEGA GRWTH IND | 1.95% | $3M | 13.1K |
| 13 | CGBLCAPITAL GROUP CORE BALANCEDhistory → | SHS | 1.85% | $3M | 87.2K |
| 14 | JANUS DETROIT STR TR | HENDRSON AAA CL | 1.02% | $2M | 32.9K |
| 15 | ISHARES TR | HIGH YLD SYSTM B · RUS 1000 GRW ETF | 0.72% | $1M | 17.8K |
| 16 | SPDR SERIES TRUST | STATE STREET SPD | 0.54% | $879,311 | 9.0K |
| 17 | MSFTMICROSOFT CORP | COM | 0.44% | $722,956 | 2.0K |
| 18 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.37% | $608,869 | 2.8K |
| 19 | AAPLAPPLE INC | COM | 0.33% | $540,908 | 2.1K |
| 20 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 0.29% | $465,176 | 3.1K |
| 21 | GQ9SPDR GOLD TR | GOLD SHS | 0.28% | $448,792 | 1.0K |
| 22 | LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 0.25% | $404,161 | 13.4K |
| 23 | WECWEC ENERGY GROUP INC | COM | 0.22% | $350,791 | 3.0K |
| 24 | WMTWALMART INC | COM | 0.21% | $347,493 | 2.8K |
| 25 | AMZNAMAZON COM INC | COM | 0.20% | $332,191 | 1.6K |
| 26 | FRANKLIN TEMPLETON ETF TR | SYSTMTC STYL PRE | 0.20% | $325,829 | 12.0K |
| 27 | DTEDTE ENERGY CO | COM | 0.18% | $297,928 | 2.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $163M | 58 | May 5, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $144M | 49 | Feb 5, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $138M | 53 | Nov 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $128M | 55 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $116M | 55 | May 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $110M | 61 | Feb 3, 2025 | 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 ↗.