SEC 13F Intelligence

Managers / Q2 2025 · view latest →

DAHRING | CUSMANO LLC

CIK 0002053669 · 26200 TOWN CENTER DR, SUITE 100, NOVI, MI, 48375 · 248-348-0100

Reported Value
$128M
Q2 2025
Positions
55
Filings on Record
6
2019–present window
Filed
Aug 5, 2025
original filing

Summary

Dahring | Cusmano LLC reported $128M in U.S.-listed holdings across 55 positions for Q2 2025.

Its largest position, Pimco Etf Tr, represents 12.7% of the portfolio.

Compared with Q1 2025, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+73.7%
share of reported value
Largest Position
+12.7%
Pimco Etf Tr
New / Exited
1 / 1
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. 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
Q4 ’24: $110MQ4 ’24Q1 ’25: $116MQ1 ’25Q2 ’25: $128MQ2 ’25Q3 ’25: $138MQ3 ’25Q4 ’25: $144MQ4 ’25Q1 ’26: $163MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 93.4%Common Stock: 6.4%Other: 0.2%
  • ETP · 93.4% · $120M
  • Common Stock · 6.4% · $8M
  • Other · 0.2% · $239,180

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DUOLDUOLINGO INCNEW+500500+$205,010$205,010
PEPPEPSICO INCSOLD OUT−1.4K0−$212,519$0
T ROWE PRICE ETF INCADDED+11.9K70.8K+$684,142$3M
FIDELITY COVINGTON TRUSTADDED+18.0K107.8K+$2M$5M
VANGUARD INDEX FDSADDED+2732.1K+$122,400$590,600
TFLRT ROWE PRICE ETF INCADDED+1.6K14.1K+$85,732$725,116
T ROWE PRICE ETF INCADDED+4.5K41.8K+$234,867$1M
T ROWE PRICE ETF INCADDED+4.8K53.8K+$241,898$3M

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

Holdings — Q2 2025

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FIDELITY COVINGTON TRUSTFUNDAMENTAL LARG · ENHANCED SMALL · ENHANCED INTL · BLUE CHIP GRWTH · MSCI INFO TECH I · EMERG MKTS MLTFT28.01%$36M840.0K
2PIMCO ETF TRMULTISECTOR BD · MUNI INCOME OPP13.07%$17M624.5K
3SCHWAB STRATEGIC TRUS LCAP GR ETF · FUNDAMENTAL US L11.77%$15M520.7K
4FIDELITY MERRIMACK STR TRTOTAL BD ETF8.52%$11M239.0K
5TFLRT ROWE PRICE ETF INCUS EQUITY RESEAR · ULTRA SHRT TRM · CAP APPRECIATION · SMALL MID CAP · FLOATING RATE7.89%$10M254.4K
6ISHARES TRHIGH YLD SYSTM B · RUS 1000 GRW ETF · MRGSTR MD CP GRW7.09%$9M182.4K
7INVESCO EXCHANGE TRADED FD TS&P MDCP QUALITY6.33%$8M82.7K
8VANGUARD INDEX FDSLARGE CAP ETF · SML CP GRW ETF · SMALL CP ETF3.18%$4M14.7K
9IAU*ISHARES GOLD TRhistory →ISHARES NEW2.75%$4M56.7K
10VANGUARD WORLD FDHEALTH CAR ETF · MEGA GRWTH IND1.37%$2M6.5K
11CGBLCAPITAL GROUP CORE BALANCEDhistory →SHS1.30%$2M49.8K
12MSFTMICROSOFT CORPCOM0.92%$1M2.4K
13AMGNAMGEN INCCOM0.72%$921,3933.3K
14SPDR SERIES TRUSTPRTFLO S&P500 GW0.67%$854,7399.0K
15JNJJOHNSON & JOHNSONCOM0.54%$690,2904.5K
16VANGUARD SPECIALIZED FUNDSDIV APP ETF0.45%$578,9902.8K
17IBMINTERNATIONAL BUSINESS MACHSCOM0.36%$458,4921.6K
18AAPLAPPLE INCCOM0.35%$443,7922.2K
19VANGUARD WHITEHALL FDSHIGH DIV YLD0.32%$414,2883.1K
20ELVELEVANCE HEALTH INCCOM0.31%$398,6521.0K
21AZOAUTOZONE INCCOM0.29%$374,935101
22NDQINVESCO QQQ TRUNIT SER 10.27%$349,972634
23GQ9SPDR GOLD TRGOLD SHS0.25%$321,2911.1K
24NVDANVIDIA CORPORATIONCOM0.25%$321,1462.0K
25PGPROCTER AND GAMBLE COCOM0.25%$318,7182.0K
26WECWEC ENERGY GROUP INCCOM0.24%$308,0863.0K
27WMTWALMART INCCOM0.23%$299,6573.1K
28PIIPOLARIS INCCOM0.23%$294,1497.2K
29LLYELI LILLY & COCOM0.22%$282,069362
30AMZNAMAZON COM INCCOM0.22%$279,2831.3K
31TSCOTRACTOR SUPPLY COCOM0.21%$263,8505.0K
32DTEDTE ENERGY COCOM0.21%$263,3932.0K
33JPMJPMORGAN CHASE & CO.COM0.20%$257,322888
34ACCENTURE PLC IRELANDSHS CLASS A0.19%$239,180800

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$163M58May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$144M49Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$138M53Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$128M55Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$116M55May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$110M61Feb 3, 202513F-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 ↗.