SEC 13F Intelligence

Managers / Q3 2025 · view latest →

DAHRING | CUSMANO LLC

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

Reported Value
$138M
Q3 2025
Positions
53
Filings on Record
6
2019–present window
Filed
Nov 7, 2025
original filing

Summary

Dahring | Cusmano LLC reported $138M in U.S.-listed holdings across 53 positions for Q3 2025.

Its largest position, Pimco Etf Tr, represents 12.5% of the portfolio.

Compared with Q2 2025, the fund opened 7 new positions and exited 9.

Portfolio Metrics

Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+74.1%
share of reported value
Largest Position
+12.5%
Pimco Etf Tr
New / Exited
7 / 9
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: 95.7%Common Stock: 4.3%
  • ETP · 95.7% · $133M
  • Common Stock · 4.3% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SCHWAB STRATEGIC TRNEW+278.8K278.8K+$7M$7M
VANGUARD MALVERN FDSNEW+7.2K7.2K+$372,035$372,035
FIDELITY COVINGTON TRUSTNEW+6.1K6.1K+$341,391$341,391
TVALT ROWE PRICE ETF INCNEW+9.0K9.0K+$307,971$307,971
PLTRPALANTIR TECHNOLOGIES INCNEW+1.5K1.5K+$280,562$280,562
TSLATESLA INCNEW+475475+$211,242$211,242
SCHWAB STRATEGIC TRNEW+8.8K8.8K+$203,915$203,915
AMGNAMGEN INCSOLD OUT−3.3K0−$921,393$0

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

Holdings — Q3 2025

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FIDELITY COVINGTON TRUSTFUNDAMENTAL LARG · ENHANCED SMALL · BLUE CHIP GRWTH · ENHANCED INTL · MSCI INFO TECH I · EMERG MKTS MLTFT · HIGH DIVID ETF29.90%$41M881.9K
2SCHWAB STRATEGIC TRUS LCAP GR ETF · HIGH YIELD BD ET · FUNDAMENTAL US L17.64%$24M814.3K
3PIMCO ETF TRMULTISECTOR BD · MUNI INCOME OPP12.97%$18M659.4K
4FIDELITY MERRIMACK STR TRTOTAL BD ETF7.90%$11M236.7K
5TFLRT ROWE PRICE ETF INCUS EQUITY RESEAR · CAP APPRECIATION · ULTRA SHRT TRM · SMALL MID CAP · FLOATING RATE · VALUE ETF7.73%$11M258.9K
6INVESCO EXCHANGE TRADED FD TS&P MDCP QUALITY6.58%$9M86.8K
7VANGUARD INDEX FDSLARGE CAP ETF · SML CP GRW ETF · SMALL CP ETF3.28%$5M15.1K
8IAU*ISHARES GOLD TRhistory →ISHARES NEW2.94%$4M56.0K
9ISHARES TRHIGH YLD SYSTM B · RUS 1000 GRW ETF · MRGSTR MD CP GRW1.59%$2M36.1K
10CGBLCAPITAL GROUP CORE BALANCEDhistory →SHS1.40%$2M56.0K
11VANGUARD WORLD FDHEALTH CAR ETF · MEGA GRWTH IND1.40%$2M6.8K
12MSFTMICROSOFT CORPCOM0.88%$1M2.3K
13SPDR SERIES TRUSTPRTFLO S&P500 GW0.67%$933,9018.9K
14VANGUARD SPECIALIZED FUNDSDIV APP ETF0.44%$613,0352.8K
15AAPLAPPLE INCCOM0.39%$542,7052.1K
16VANGUARD WHITEHALL FDSHIGH DIV YLD0.32%$440,0783.1K
17AZOAUTOZONE INCCOM0.32%$437,604102
18VANGUARD MALVERN FDSMULTI SECTOR0.27%$372,0357.2K
19GQ9SPDR GOLD TRGOLD SHS0.27%$370,7551.0K
20NDQINVESCO QQQ TRUNIT SER 10.27%$367,659612
21NVDANVIDIA CORPORATIONCOM0.26%$361,3701.9K
22AMZNAMAZON COM INCCOM0.26%$355,4841.6K
23WECWEC ENERGY GROUP INCCOM0.25%$341,6563.0K
24WMTWALMART INCCOM0.23%$316,5993.1K
25PGPROCTER AND GAMBLE COCOM0.22%$305,0832.0K
26TSCOTRACTOR SUPPLY COCOM0.21%$284,3505.0K
27DTEDTE ENERGY COCOM0.20%$283,5212.0K
28PLTRPALANTIR TECHNOLOGIES INCCL A0.20%$280,5621.5K
29LLYELI LILLY & COCOM0.20%$280,273367
30HDHOME DEPOT INCCOM0.18%$245,957607
31JNJJOHNSON & JOHNSONCOM0.18%$243,0151.3K

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 ↗.