Managers / Q4 2024 · view latest →
DAHRING | CUSMANO LLC
CIK 0002053669 · 26200 TOWN CENTER DR, SUITE 100, NOVI, MI, 48375 · 248-348-0100
Summary
Dahring | Cusmano LLC reported $110M in U.S.-listed holdings across 61 positions for Q4 2024.
The portfolio is heavily concentrated: FFLC alone accounts for 24.8% of reported value.
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, 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
Portfolio Composition
- ETP · 92.2% · $102M
- Common Stock · 7.8% · $9M
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SCHGSCHWAB STRATEGIC TR | NEW | +459.9K | 459.9K | +$13M | $13M |
| FBNDFIDELITY MERRIMACK STR TR | NEW | +268.4K | 268.4K | +$12M | $12M |
| PYLDPIMCO ETF TR | NEW | +442.1K | 442.1K | +$11M | $11M |
| FFLCFIDELITY COVINGTON TRUST | NEW | +230.5K | 230.5K | +$11M | $11M |
| HYDBISHARES TR | NEW | +166.4K | 166.4K | +$8M | $8M |
| XMHQINVESCO EXCHANGE TRADED FD T | NEW | +75.0K | 75.0K | +$7M | $7M |
| FESMFIDELITY COVINGTON TRUST | NEW | +214.2K | 214.2K | +$7M | $7M |
| FENIFIDELITY COVINGTON TRUST | NEW | +160.7K | 160.7K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FFLCFIDELITY COVINGTON TRUST | FUNDAMENTAL LARG · ENHANCED SMALL · ENHANCED INTL · BLUE CHIP GRWTH · MSCI INFO TECH I · EMERG MKTS MLTFT | 24.80% | $27M | 691.1K |
| 2 | SCHGSCHWAB STRATEGIC TR | US LCAP GR ETF · FUNDAMENTAL US L · INTL EQTY ETF | 12.25% | $14M | 491.6K |
| 3 | FBNDFIDELITY MERRIMACK STR TRhistory → | TOTAL BD ETF | 10.92% | $12M | 268.4K |
| 4 | PYLDPIMCO ETF TR | MULTISECTOR BD · MUNI INCOME OPP | 10.66% | $12M | 448.6K |
| 5 | HYDBISHARES TR | HIGH YLD SYSTM B · RUS 1000 GRW ETF · MRGSTR MD CP GRW · IBOXX HI YD ETF | 7.86% | $9M | 173.5K |
| 6 | XMHQINVESCO EXCHANGE TRADED FD Thistory → | S&P MDCP QUALITY | 6.69% | $7M | 75.0K |
| 7 | TCAFT ROWE PRICE ETF INC | CAP APPRECIATION · US EQUITY RESEAR · ULTRA SHRT TRM · SMALL MID CAP · FLOATING RATE | 5.62% | $6M | 166.9K |
| 8 | VVVANGUARD INDEX FDS | LARGE CAP ETF · SMALL CP ETF · SML CP GRW ETF · EXTEND MKT ETF | 4.28% | $5M | 18.0K |
| 9 | IAUISHARES GOLD TRhistory → | ISHARES NEW | 2.45% | $3M | 54.5K |
| 10 | BINCBLACKROCK ETF TRUST IIhistory → | ISHARES FLEXIBLE | 1.68% | $2M | 35.6K |
| 11 | VHTVANGUARD WORLD FD | HEALTH CAR ETF · MEGA GRWTH IND | 1.47% | $2M | 6.0K |
| 12 | MSFTMICROSOFT CORP | COM | 0.89% | $975,783 | 2.3K |
| 13 | AMGNAMGEN INC | COM | 0.78% | $860,894 | 3.3K |
| 14 | SPYGSPDR SER TR | PRTFLO S&P500 GW | 0.78% | $859,011 | 9.8K |
| 15 | VTEBVANGUARD MUN BD FDS | TAX EXEMPT BD | 0.67% | $741,100 | 14.8K |
| 16 | JNJJOHNSON & JOHNSON | COM | 0.59% | $654,124 | 4.5K |
| 17 | AAPLAPPLE INC | COM | 0.55% | $602,546 | 2.4K |
| 18 | VIGVANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.54% | $600,237 | 3.1K |
| 19 | CGBLCAPITAL GROUP CORE BALANCED | SHS | 0.44% | $488,156 | 15.6K |
| 20 | JPMJPMORGAN CHASE & CO. | COM | 0.41% | $448,731 | 1.9K |
| 21 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD | 0.39% | $426,272 | 3.3K |
| 22 | PIIPOLARIS INC | COM | 0.38% | $416,881 | 7.2K |
| 23 | ELVELEVANCE HEALTH INC | COM | 0.34% | $377,385 | 1.0K |
| 24 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.34% | $374,370 | 1.7K |
| 25 | PGPROCTER AND GAMBLE CO | COM | 0.31% | $337,479 | 2.0K |
| 26 | AZOAUTOZONE INC | COM | 0.29% | $323,402 | 101 |
| 27 | QQQINVESCO QQQ TR | UNIT SER 1 | 0.29% | $317,711 | 621 |
| 28 | ACNACCENTURE PLC IRELAND | SHS CLASS A | 0.26% | $282,919 | 804 |
| 29 | WECWEC ENERGY GROUP INC | COM | 0.25% | $273,468 | 2.9K |
| 30 | AMZNAMAZON COM INC | COM | 0.25% | $270,947 | 1.2K |
| 31 | WMTWALMART INC | COM | 0.24% | $270,056 | 3.0K |
| 32 | LLYELI LILLY & CO | COM | 0.24% | $269,854 | 350 |
| 33 | CATCATERPILLAR INC | COM | 0.24% | $265,903 | 733 |
| 34 | TSCOTRACTOR SUPPLY CO | COM | 0.24% | $265,300 | 5.0K |
| 35 | GLDSPDR GOLD TR | GOLD SHS | 0.24% | $263,680 | 1.1K |
| 36 | NVDANVIDIA CORPORATION | COM | 0.23% | $250,522 | 1.9K |
| 37 | MCDMCDONALDS CORP | COM | 0.22% | $239,651 | 827 |
| 38 | HDHOME DEPOT INC | COM | 0.22% | $239,229 | 615 |
| 39 | DTEDTE ENERGY CO | COM | 0.21% | $236,327 | 2.0K |
| 40 | PEPPEPSICO INC | COM | 0.21% | $229,094 | 1.5K |
| 41 | DFATDIMENSIONAL ETF TRUST | US TARGETED VLU | 0.19% | $214,213 | 3.8K |
| 42 | FFORD MTR CO | COM | 0.10% | $105,182 | 10.6K |
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 ↗.