13F HOLDINGS REPORT

Goodwin Investment Advisory

Quarter ended Q3 2025 · Filed November 5, 2025 · Accession 0001420506-25-002989

Total Value

$93.3M

Positions

229

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (229)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	FIDELITY COVINGTON TRUST	316092352	67,086	$3.6M	3.86%
2	FIDELITY COVINGTON TRUST	316092352	51,174	$2.7M	2.94%
3	ISHARES TR	46435G425	16,306	$2.4M	2.55%
4	ISHARES TR	46435G425	14,466	$2.1M	2.26%
5	FIDELITY COVINGTON TRUST	316092352	38,632	$2.1M	2.22%
6	INVESCO EXCHANGE TRADED FD T	IVZ	33,660	$1.9M	2.08%
7	VANGUARD INDEX FDS	922908363	2,860	$1.8M	1.88%
8	ISHARES TR	464287200	1,854	$1.2M	1.33%
9	BANK NEW YORK MELLON CORP	064058100	11,344	$1.2M	1.33%
10	FIDELITY COVINGTON TRUST	316092782	16,192	$1.1M	1.20%
11	FIDELITY COVINGTON TRUST	316092352	19,676	$1.1M	1.13%
12	FIDELITY COVINGTON TRUST	316092352	18,032	$967,597	1.04%
13	FIDELITY COVINGTON TRUST	316092352	17,230	$924,562	0.99%
14	FIDELITY COVINGTON TRUST	316092352	15,100	$810,266	0.87%
15	FIDELITY COVINGTON TRUST	316092352	12,957	$695,273	0.75%
16	FIDELITY COVINGTON TRUST	316092352	12,930	$693,824	0.74%
17	VANECK ETF TRUST	92189H201	14,573	$679,102	0.73%
18	FIDELITY MERRIMACK STR TR	316188309	14,509	$670,896	0.72%
19	FIDELITY COVINGTON TRUST	316092352	12,394	$665,062	0.71%
20	VANGUARD INDEX FDS	922908736	1,280	$613,901	0.66%
21	FIDELITY COVINGTON TRUST	316092352	11,288	$605,692	0.65%
22	FIDELITY COVINGTON TRUST	316092782	8,531	$587,530	0.63%
23	INVESCO EXCHANGE TRADED FD T	IVZ	4,948	$567,437	0.61%
24	FIDELITY COVINGTON TRUST	316092782	8,223	$566,318	0.61%
25	FIDELITY COVINGTON TRUST	316092352	10,296	$552,483	0.59%
26	FIDELITY MERRIMACK STR TR	316188309	11,899	$550,210	0.59%
27	FIDELITY COVINGTON TRUST	316092352	9,972	$535,098	0.57%
28	FIDELITY COVINGTON TRUST	316092352	9,966	$534,776	0.57%
29	FIDELITY COVINGTON TRUST	316092352	9,701	$520,556	0.56%
30	PIMCO ETF TR	72201R866	9,903	$517,729	0.56%
31	AXSOME THERAPEUTICS INC	AXSM	4,241	$515,069	0.55%
32	FIDELITY COVINGTON TRUST	316092352	9,313	$499,736	0.54%
33	FIDELITY COVINGTON TRUST	316092352	9,265	$497,160	0.53%
34	ISHARES TR	464287200	741	$495,951	0.53%
35	FIDELITY COVINGTON TRUST	316092352	9,239	$495,765	0.53%
36	VANGUARD INDEX FDS	922908363	808	$494,803	0.53%
37	FIDELITY COVINGTON TRUST	316092352	9,096	$488,091	0.52%
38	SELECTIVE INS GROUP INC	816300107	6,000	$486,420	0.52%
39	FIDELITY MERRIMACK STR TR	316188309	10,443	$482,884	0.52%
40	FIDELITY COVINGTON TRUST	316092352	8,734	$468,666	0.50%
41	FIDELITY MERRIMACK STR TR	316188309	10,040	$464,250	0.50%
42	JOHN HANCOCK EXCHANGE TRADED	47804J206	7,154	$462,792	0.50%
43	FIDELITY MERRIMACK STR TR	316188309	9,819	$454,031	0.49%
44	FIDELITY MERRIMACK STR TR	316188309	9,802	$453,244	0.49%
45	FIDELITY COVINGTON TRUST	316092352	8,363	$448,759	0.48%
46	FIDELITY MERRIMACK STR TR	316188309	9,598	$443,812	0.48%
47	FIDELITY COVINGTON TRUST	316092352	8,154	$437,544	0.47%
48	FIDELITY COVINGTON TRUST	316092352	8,136	$436,578	0.47%
49	VANGUARD INDEX FDS	922908595	1,462	$435,120	0.47%
50	FIDELITY COVINGTON TRUST	316092352	7,907	$424,290	0.45%
51	FIDELITY COVINGTON TRUST	316092352	7,873	$422,465	0.45%
52	FIDELITY COVINGTON TRUST	316092352	7,863	$421,929	0.45%
53	FIDELITY COVINGTON TRUST	316092352	7,788	$417,904	0.45%
54	VANGUARD INDEX FDS	922908736	870	$417,261	0.45%
55	FIDELITY COVINGTON TRUST	316092352	7,772	$417,046	0.45%
56	FIDELITY COVINGTON TRUST	316092352	7,684	$412,323	0.44%
57	FIDELITY COVINGTON TRUST	316092352	7,538	$404,488	0.43%
58	FIDELITY MERRIMACK STR TR	316188309	8,747	$404,461	0.43%
59	FIDELITY COVINGTON TRUST	316092352	7,512	$403,094	0.43%
60	FIDELITY COVINGTON TRUST	316092352	7,429	$398,640	0.43%
61	VANECK ETF TRUST	92189H201	8,550	$398,430	0.43%
62	FIDELITY COVINGTON TRUST	316092352	7,370	$395,474	0.42%
63	FIDELITY COVINGTON TRUST	316092352	7,350	$394,401	0.42%
64	FIDELITY COVINGTON TRUST	316092352	7,338	$393,757	0.42%
65	FIDELITY COVINGTON TRUST	316092352	7,314	$392,469	0.42%
66	FIDELITY COVINGTON TRUST	316092352	7,302	$391,825	0.42%
67	FIDELITY COVINGTON TRUST	316092782	5,636	$388,151	0.42%
68	FIDELITY MERRIMACK STR TR	316188309	8,390	$387,954	0.42%
69	FIDELITY COVINGTON TRUST	316092352	7,184	$385,493	0.41%
70	FIDELITY MERRIMACK STR TR	316188309	8,295	$383,561	0.41%
71	FIDELITY MERRIMACK STR TR	316188309	8,221	$380,127	0.41%
72	FIDELITY COVINGTON TRUST	316092352	6,993	$375,244	0.40%
73	FIDELITY COVINGTON TRUST	316092352	6,943	$372,561	0.40%
74	FIDELITY COVINGTON TRUST	316092352	6,875	$368,911	0.40%
75	FIDELITY COVINGTON TRUST	316092352	6,856	$367,893	0.39%
76	FIDELITY COVINGTON TRUST	316092352	6,832	$366,605	0.39%
77	FIDELITY MERRIMACK STR TR	316188309	7,862	$363,539	0.39%
78	VANGUARD INDEX FDS	922908595	1,218	$362,501	0.39%
79	FIDELITY COVINGTON TRUST	316092352	6,698	$359,415	0.39%
80	FIDELITY COVINGTON TRUST	316092352	6,662	$357,483	0.38%
81	FIDELITY COVINGTON TRUST	316092352	6,644	$356,517	0.38%
82	FIDELITY MERRIMACK STR TR	316188309	7,688	$355,493	0.38%
83	FIDELITY COVINGTON TRUST	316092352	6,619	$355,176	0.38%
84	FIDELITY COVINGTON TRUST	316092352	6,550	$351,473	0.38%
85	FIDELITY COVINGTON TRUST	316092352	6,549	$351,419	0.38%
86	FIDELITY COVINGTON TRUST	316092782	4,985	$343,317	0.37%
87	FIDELITY COVINGTON TRUST	316092352	6,365	$341,546	0.37%
88	FIDELITY MERRIMACK STR TR	316188309	7,366	$340,604	0.37%
89	VANGUARD INDEX FDS	922908363	553	$338,646	0.36%
90	FIDELITY COVINGTON TRUST	316092352	6,278	$336,877	0.36%
91	FIDELITY MERRIMACK STR TR	316188309	7,269	$336,119	0.36%
92	FIDELITY COVINGTON TRUST	316092782	4,773	$328,717	0.35%
93	FIDELITY MERRIMACK STR TR	316188309	7,106	$328,581	0.35%
94	FIDELITY COVINGTON TRUST	316092352	6,121	$328,453	0.35%
95	FIDELITY COMWLTH TR	315912808	3,623	$322,918	0.35%
96	FIDELITY COVINGTON TRUST	316092352	5,966	$320,136	0.34%
97	FIDELITY MERRIMACK STR TR	316188309	6,863	$317,345	0.34%
98	FIDELITY COVINGTON TRUST	316092352	5,888	$315,950	0.34%
99	FIDELITY COVINGTON TRUST	316092352	5,872	$315,092	0.34%
100	FIDELITY COVINGTON TRUST	316092352	5,868	$314,877	0.34%
101	FIDELITY COVINGTON TRUST	316092352	5,848	$313,804	0.34%
102	FIDELITY COVINGTON TRUST	316092352	5,818	$312,194	0.33%
103	VANGUARD INDEX FDS	922908363	509	$311,701	0.33%
104	ISHARES TR	464287887	2,189	$309,744	0.33%
105	FIDELITY COVINGTON TRUST	316092352	5,756	$308,859	0.33%
106	FIDELITY COVINGTON TRUST	316092352	5,746	$308,330	0.33%
107	FIDELITY COVINGTON TRUST	316092352	5,740	$308,008	0.33%
108	FIDELITY COVINGTON TRUST	316092352	5,695	$305,594	0.33%
109	TESLA INC	TSLA	683	$303,744	0.33%
110	FIDELITY COVINGTON TRUST	316092352	5,658	$303,608	0.33%
111	FIDELITY COMWLTH TR	315912808	3,356	$299,120	0.32%
112	FIDELITY COVINGTON TRUST	316092352	5,574	$299,080	0.32%
113	FIDELITY COVINGTON TRUST	316092782	4,290	$295,452	0.32%
114	FIDELITY COVINGTON TRUST	316092352	5,459	$292,930	0.31%
115	J P MORGAN EXCHANGE TRADED F	46641Q647	5,797	$292,575	0.31%
116	FIDELITY MERRIMACK STR TR	316188309	6,321	$292,283	0.31%
117	FIDELITY COVINGTON TRUST	316092352	5,349	$287,027	0.31%
118	FIDELITY MERRIMACK STR TR	316188309	6,204	$286,873	0.31%
119	FIDELITY COVINGTON TRUST	316092352	5,341	$286,598	0.31%
120	FIDELITY COVINGTON TRUST	316092352	5,280	$283,325	0.30%
121	FIDELITY COVINGTON TRUST	316092352	5,227	$280,481	0.30%
122	FIDELITY COVINGTON TRUST	316092352	5,220	$280,082	0.30%
123	FIDELITY COVINGTON TRUST	316092352	5,203	$279,193	0.30%
124	FIDELITY COVINGTON TRUST	316092352	5,201	$279,086	0.30%
125	FIDELITY COVINGTON TRUST	316092352	5,188	$278,388	0.30%
126	FIDELITY COVINGTON TRUST	316092352	5,173	$277,583	0.30%
127	FIDELITY COVINGTON TRUST	316092352	5,173	$277,583	0.30%
128	ISHARES TR	464288521	4,725	$277,452	0.30%
129	PIMCO ETF TR	72201R866	5,233	$273,581	0.29%
130	ISHARES TR	464287408	1,324	$273,419	0.29%
131	FIDELITY COVINGTON TRUST	316092352	5,067	$271,918	0.29%
132	FIDELITY COMWLTH TR	315912808	3,040	$270,955	0.29%
133	FIDELITY COVINGTON TRUST	316092352	5,045	$270,715	0.29%
134	FIDELITY COVINGTON TRUST	316092782	3,926	$270,384	0.29%
135	FIDELITY MERRIMACK STR TR	316188309	5,840	$270,042	0.29%
136	FIDELITY MERRIMACK STR TR	316188309	5,821	$269,163	0.29%
137	PIMCO ETF TR	72201R866	5,115	$267,412	0.29%
138	FIDELITY MERRIMACK STR TR	316188309	5,710	$264,030	0.28%
139	FIDELITY COVINGTON TRUST	316092352	4,914	$263,685	0.28%
140	FIDELITY COVINGTON TRUST	316092782	3,811	$262,464	0.28%
141	FIDELITY COVINGTON TRUST	316092352	4,883	$262,022	0.28%
142	FIDELITY COVINGTON TRUST	316092352	4,823	$258,802	0.28%
143	VANGUARD INDEX FDS	922908736	538	$258,030	0.28%
144	FIDELITY COVINGTON TRUST	316092352	4,789	$256,978	0.28%
145	FIDELITY COVINGTON TRUST	316092352	4,785	$256,763	0.28%
146	FIDELITY COVINGTON TRUST	316092782	3,720	$256,196	0.27%
147	FIDELITY COVINGTON TRUST	316092352	4,771	$256,012	0.27%
148	FIDELITY MERRIMACK STR TR	316188309	5,524	$255,430	0.27%
149	FIDELITY MERRIMACK STR TR	316188309	5,506	$254,611	0.27%
150	FIDELITY COVINGTON TRUST	316092352	4,737	$254,187	0.27%
151	FIDELITY COVINGTON TRUST	316092352	4,712	$252,846	0.27%
152	FIDELITY MERRIMACK STR TR	316188309	5,447	$251,869	0.27%
153	INVESCO EXCHANGE TRADED FD T	IVZ	2,188	$250,920	0.27%
154	FIDELITY COMWLTH TR	315912808	2,811	$250,568	0.27%
155	FIDELITY COVINGTON TRUST	316092352	4,652	$249,626	0.27%
156	FIDELITY COVINGTON TRUST	316092352	4,651	$249,573	0.27%
157	FIDELITY COVINGTON TRUST	316092352	4,651	$249,573	0.27%
158	FIDELITY COVINGTON TRUST	316092782	3,599	$247,863	0.27%
159	FIDELITY COVINGTON TRUST	316092352	4,617	$247,748	0.27%
160	VANGUARD INDEX FDS	922908363	404	$247,402	0.27%
161	FIDELITY COVINGTON TRUST	316092782	3,572	$246,004	0.26%
162	FIDELITY COVINGTON TRUST	316092352	4,577	$245,602	0.26%
163	FIDELITY COVINGTON TRUST	316092352	4,569	$245,173	0.26%
164	ISHARES TR	464287614	523	$244,978	0.26%
165	FIDELITY COVINGTON TRUST	316092782	3,539	$243,731	0.26%
166	FIDELITY COVINGTON TRUST	316092352	4,534	$243,294	0.26%
167	ISHARES TR	464287200	363	$243,092	0.26%
168	FIDELITY COVINGTON TRUST	316092352	4,519	$242,490	0.26%
169	FIDELITY COVINGTON TRUST	316092352	4,496	$241,255	0.26%
170	FIDELITY COVINGTON TRUST	316092352	4,481	$240,450	0.26%
171	FIDELITY COVINGTON TRUST	316092352	4,470	$239,860	0.26%
172	HOME DEPOT INC	HD	591	$239,659	0.26%
173	FIDELITY COVINGTON TRUST	316092352	4,457	$239,163	0.26%
174	PIMCO ETF TR	72201R866	4,561	$238,449	0.26%
175	FIDELITY COVINGTON TRUST	316092352	4,440	$238,250	0.26%
176	SCHWAB STRATEGIC TR	808524870	8,803	$237,241	0.25%
177	FIDELITY COVINGTON TRUST	316092352	4,416	$236,963	0.25%
178	FIDELITY COVINGTON TRUST	316092352	4,414	$236,855	0.25%
179	J P MORGAN EXCHANGE TRADED F	46641Q753	4,985	$236,788	0.25%
180	ISHARES TR	46435G425	1,622	$236,163	0.25%
181	ISHARES TR	464287804	1,958	$232,642	0.25%
182	FIDELITY MERRIMACK STR TR	316188309	5,022	$232,217	0.25%
183	FIDELITY MERRIMACK STR TR	316188309	4,988	$230,645	0.25%
184	INVESCO EXCHANGE TRADED FD T	IVZ	2,008	$230,277	0.25%
185	FIDELITY MERRIMACK STR TR	316188309	4,977	$230,136	0.25%
186	FIDELITY COVINGTON TRUST	316092352	4,283	$229,826	0.25%
187	FIDELITY COVINGTON TRUST	316092352	4,263	$228,753	0.25%
188	FIDELITY COVINGTON TRUST	316092352	4,258	$228,484	0.25%
189	FIDELITY MERRIMACK STR TR	316188309	4,939	$228,379	0.24%
190	FIDELITY COVINGTON TRUST	316092352	4,236	$227,304	0.24%
191	FIDELITY COVINGTON TRUST	316092352	4,191	$224,889	0.24%
192	FIDELITY COVINGTON TRUST	316092352	4,191	$224,889	0.24%
193	FIDELITY COVINGTON TRUST	316092352	4,180	$224,299	0.24%
194	FIDELITY COVINGTON TRUST	316092352	4,166	$223,548	0.24%
195	FIDELITY COVINGTON TRUST	316092352	4,161	$223,279	0.24%
196	FIDELITY COVINGTON TRUST	316092352	4,131	$221,669	0.24%
197	FIDELITY COVINGTON TRUST	316092352	4,130	$221,616	0.24%
198	FIDELITY COVINGTON TRUST	316092352	4,124	$221,294	0.24%
199	FIDELITY COVINGTON TRUST	316092352	4,117	$220,927	0.24%
200	VANGUARD INDEX FDS	922908736	459	$220,141	0.24%
201	FIDELITY COMWLTH TR	315912808	2,458	$219,082	0.23%
202	FIDELITY MERRIMACK STR TR	316188309	4,734	$218,900	0.23%
203	FIDELITY COVINGTON TRUST	316092352	4,078	$218,825	0.23%
204	FIDELITY COVINGTON TRUST	316092352	4,077	$218,772	0.23%
205	FIDELITY COVINGTON TRUST	316092352	4,057	$217,699	0.23%
206	FIDELITY COVINGTON TRUST	316092352	4,056	$217,645	0.23%
207	FIDELITY COVINGTON TRUST	316092352	4,050	$217,323	0.23%
208	FIDELITY COVINGTON TRUST	316092352	4,026	$216,035	0.23%
209	FIDELITY MERRIMACK STR TR	316188309	4,647	$214,877	0.23%
210	FIDELITY COVINGTON TRUST	316092782	3,102	$213,635	0.23%
211	FIDELITY COVINGTON TRUST	316092352	3,977	$213,413	0.23%
212	FIDELITY COVINGTON TRUST	316092352	3,941	$211,474	0.23%
213	FIDELITY MERRIMACK STR TR	316188309	4,563	$211,012	0.23%
214	FIDELITY COVINGTON TRUST	316092352	3,920	$210,347	0.23%
215	FIDELITY MERRIMACK STR TR	316188309	4,543	$210,068	0.23%
216	FIDELITY COVINGTON TRUST	316092352	3,904	$209,489	0.22%
217	FIDELITY COVINGTON TRUST	316092352	3,869	$207,611	0.22%
218	FIDELITY MERRIMACK STR TR	316188309	4,487	$207,479	0.22%
219	FIDELITY COVINGTON TRUST	316092352	3,862	$207,235	0.22%
220	FIDELITY MERRIMACK STR TR	316188309	4,476	$206,971	0.22%
221	FIDELITY COVINGTON TRUST	316092352	3,853	$206,752	0.22%
222	FIDELITY COVINGTON TRUST	316092352	3,847	$206,430	0.22%
223	VANGUARD INDEX FDS	922908736	427	$204,793	0.22%
224	FIDELITY COVINGTON TRUST	316092352	3,814	$204,659	0.22%
225	FIDELITY COVINGTON TRUST	316092782	2,971	$204,613	0.22%
226	FIDELITY COVINGTON TRUST	316092352	3,808	$204,337	0.22%
227	FIDELITY COVINGTON TRUST	316092352	3,802	$204,015	0.22%
228	KROGER CO	KR	2,997	$202,028	0.22%
229	FIDELITY COVINGTON TRUST	316092352	3,752	$201,332	0.22%