13F HOLDINGS REPORT
MARSHALL INVESTMENT MANAGEMENT, LLC
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001420506-25-003216
Total Value
$188.9M
Positions
75
Other Managers
0
Confidential Omitted
No
Holdings (75)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR GOLD TR | GLD | 48,477 | $17.2M | 9.12% |
| 2 | FIDELITY COVINGTON TRUST | 316092337 | 306,139 | $9.0M | 4.78% |
| 3 | MICROSOFT CORP | MSFT | 17,361 | $9.0M | 4.76% |
| 4 | CAPITAL GROUP GROWTH ETF | 14020G101 | 203,241 | $8.9M | 4.72% |
| 5 | PIMCO EQUITY SER | 72202L363 | 158,569 | $8.9M | 4.72% |
| 6 | FIDELITY COVINGTON TRUST | 31609A503 | 243,279 | $8.8M | 4.66% |
| 7 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 17,366 | $8.7M | 4.62% |
| 8 | SPDR S&P 500 ETF TR | SPY | 10,583 | $7.0M | 3.73% |
| 9 | AMAZON COM INC | AMZN | 26,969 | $5.9M | 3.13% |
| 10 | NVIDIA CORPORATION | NVDA | 25,973 | $4.8M | 2.57% |
| 11 | FIRST TR EXCHANGE TRADED FD | 33738R506 | 69,625 | $4.7M | 2.48% |
| 12 | APPLE INC | AAPL | 18,096 | $4.6M | 2.44% |
| 13 | JPMORGAN CHASE & CO. | VYLD | 14,366 | $4.5M | 2.40% |
| 14 | ALPHABET INC | GOOG | 16,505 | $4.0M | 2.13% |
| 15 | FIRST TR EXCHANGE TRADED FD | 33738R704 | 37,531 | $3.6M | 1.92% |
| 16 | ARK ETF TR | 00214Q401 | 20,120 | $3.5M | 1.86% |
| 17 | CROWDSTRIKE HLDGS INC | CRWD | 7,133 | $3.5M | 1.85% |
| 18 | FIRST TR EXCHANGE TRADED FD | 33738R605 | 52,785 | $3.3M | 1.73% |
| 19 | META PLATFORMS INC | META | 4,366 | $3.2M | 1.70% |
| 20 | INVESCO EXCH TRADED FD TR II | IVZ | 56,979 | $2.9M | 1.51% |
| 21 | FIRST TR EXCHANGE-TRADED FD | 33734H106 | 61,720 | $2.9M | 1.51% |
| 22 | SPDR SERIES TRUST | 78464A631 | 11,993 | $2.8M | 1.49% |
| 23 | WALMART INC | WMT | 26,491 | $2.7M | 1.45% |
| 24 | FIRST TR EXCH TRADED FD III | 33739P855 | 139,951 | $2.7M | 1.43% |
| 25 | DUKE ENERGY CORP NEW | DUKB | 21,703 | $2.7M | 1.42% |
| 26 | ELI LILLY & CO | LLY | 3,376 | $2.6M | 1.36% |
| 27 | GLOBAL X FDS | 37954Y855 | 44,844 | $2.5M | 1.35% |
| 28 | VANECK ETF TRUST | 92189F601 | 18,510 | $2.5M | 1.33% |
| 29 | VERIZON COMMUNICATIONS INC | VZ | 56,669 | $2.5M | 1.32% |
| 30 | FIRST TR EXCHANGE-TRADED FD | 33733E104 | 25,533 | $2.4M | 1.27% |
| 31 | FIRST TR EXCHANGE-TRADED FD | 337344105 | 16,204 | $2.3M | 1.21% |
| 32 | INVESCO EXCHANGE TRADED FD T | IVZ | 28,625 | $2.1M | 1.11% |
| 33 | SELECT SECTOR SPDR TR | 81369Y605 | 38,811 | $2.1M | 1.11% |
| 34 | FIRST TR EXCHANGE-TRADED FD | 336917109 | 46,160 | $2.0M | 1.06% |
| 35 | GLOBAL X FDS | 37954Y673 | 40,492 | $1.9M | 1.02% |
| 36 | FIRST TR EXCHANGE TRADED FD | 33738R118 | 19,100 | $1.9M | 1.00% |
| 37 | AMGEN INC | AMGN | 6,457 | $1.8M | 0.96% |
| 38 | JOHNSON & JOHNSON | JNJ | 9,150 | $1.7M | 0.90% |
| 39 | SELECT SECTOR SPDR TR | 81369Y704 | 10,745 | $1.7M | 0.88% |
| 40 | FIRST TR EXCHANGE-TRADED FD | 33741X102 | 42,097 | $1.6M | 0.85% |
| 41 | VANGUARD INDEX FDS | 922908363 | 2,341 | $1.4M | 0.76% |
| 42 | FIRST TR EXCHANGE-TRADED FD | 33739Q804 | 46,793 | $1.2M | 0.65% |
| 43 | SELECT SECTOR SPDR TR | 81369Y886 | 13,476 | $1.2M | 0.62% |
| 44 | ARK ETF TR | 00214Q807 | 33,730 | $962,998 | 0.51% |
| 45 | FIRST TR EXCHANGE TRADED FD | 33734X846 | 11,812 | $897,810 | 0.48% |
| 46 | JOHN HANCOCK EXCHANGE TRADED | 47804J206 | 13,832 | $894,787 | 0.47% |
| 47 | FIRST TR EXCHANGE-TRADED FD | 33733B100 | 7,542 | $847,313 | 0.45% |
| 48 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 2,325 | $649,328 | 0.34% |
| 49 | MPLX LP | MPLXP | 10,528 | $525,895 | 0.28% |
| 50 | FIRST TR EXCHANGE-TRADED FD | 33738D879 | 20,090 | $519,335 | 0.27% |
| 51 | WEC ENERGY GROUP INC | WEC | 4,409 | $505,230 | 0.27% |
| 52 | J P MORGAN EXCHANGE TRADED F | 46654Q609 | 5,167 | $484,408 | 0.26% |
| 53 | VANGUARD ADMIRAL FDS INC | 921932703 | 2,415 | $481,721 | 0.25% |
| 54 | SPDR SERIES TRUST | 78464A789 | 7,940 | $470,982 | 0.25% |
| 55 | VANGUARD INDEX FDS | 922908736 | 940 | $450,834 | 0.24% |
| 56 | SCHWAB STRATEGIC TR | 808524300 | 13,797 | $440,263 | 0.23% |
| 57 | FIDELITY COVINGTON TRUST | 316092865 | 7,545 | $426,084 | 0.23% |
| 58 | LOCKHEED MARTIN CORP | LMT | 836 | $417,132 | 0.22% |
| 59 | FIRST TR EXCHANGE TRADED FD | 33738R308 | 16,716 | $396,336 | 0.21% |
| 60 | FIRST TR EXCHANGE TRADED FD | 33738R407 | 18,445 | $379,967 | 0.20% |
| 61 | FIRST TR EXCHANGE-TRADED FD | 33738D101 | 8,735 | $334,470 | 0.18% |
| 62 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,932 | $300,331 | 0.16% |
| 63 | FIRST TR EXCH TRADED FD III | 33739N108 | 5,536 | $280,669 | 0.15% |
| 64 | CVS HEALTH CORP | CVS | 3,705 | $279,320 | 0.15% |
| 65 | VISA INC | V | 758 | $258,767 | 0.14% |
| 66 | BROADCOM INC | AVGO | 744 | $245,466 | 0.13% |
| 67 | ISHARES TR | 46435G441 | 5,156 | $244,831 | 0.13% |
| 68 | ARK ETF TR | 00214Q104 | 2,732 | $235,769 | 0.12% |
| 69 | GOLDMAN SACHS GROUP INC | GSCE | 285 | $226,814 | 0.12% |
| 70 | RTX CORPORATION | RTX | 1,334 | $223,193 | 0.12% |
| 71 | PALANTIR TECHNOLOGIES INC | PLTR | 1,221 | $222,735 | 0.12% |
| 72 | NUSHARES ETF TR | NU | 5,807 | $218,460 | 0.12% |
| 73 | VULCAN MATLS CO | 929160109 | 701 | $215,721 | 0.11% |
| 74 | FIRST TR EXCHANGE-TRADED ALP | 33735B108 | 1,660 | $208,104 | 0.11% |
| 75 | VANGUARD TAX-MANAGED FDS | 921943858 | 3,444 | $206,364 | 0.11% |