13F HOLDINGS REPORT
MARSHALL INVESTMENT MANAGEMENT, LLC
Quarter ended Q4 2025 · Filed February 9, 2026 · Accession 0001420506-26-000223
Total Value
$199.1M
Positions
76
Other Managers
0
Confidential Omitted
No
Holdings (76)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR GOLD TR | GLD | 48,412 | $19.2M | 9.64% |
| 2 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 18,403 | $9.3M | 4.65% |
| 3 | MICROSOFT CORP | MSFT | 18,568 | $9.0M | 4.51% |
| 4 | FIDELITY COVINGTON TRUST | 31609A503 | 240,065 | $8.7M | 4.39% |
| 5 | PIMCO EQUITY SER | 72202L363 | 153,634 | $8.7M | 4.37% |
| 6 | CAPITAL GROUP GROWTH ETF | 14020G101 | 194,848 | $8.7M | 4.35% |
| 7 | FIDELITY COVINGTON TRUST | 316092337 | 287,597 | $8.6M | 4.33% |
| 8 | AMAZON COM INC | AMZN | 29,679 | $6.9M | 3.44% |
| 9 | SPDR S&P 500 ETF TR | SPY | 7,703 | $5.3M | 2.64% |
| 10 | APPLE INC | AAPL | 18,932 | $5.1M | 2.59% |
| 11 | ALPHABET INC | GOOG | 16,365 | $5.1M | 2.58% |
| 12 | JPMORGAN CHASE & CO. | VYLD | 15,452 | $5.0M | 2.50% |
| 13 | NVIDIA CORPORATION | NVDA | 25,891 | $4.8M | 2.43% |
| 14 | FIRST TR EXCHANGE TRADED FD | 33738R506 | 66,969 | $4.7M | 2.34% |
| 15 | MFS ACTIVE EXCHANGE TRADED F | 55286W108 | 175,374 | $4.4M | 2.22% |
| 16 | ELI LILLY & CO | LLY | 3,783 | $4.1M | 2.04% |
| 17 | FIRST TR EXCHANGE TRADED FD | 33738R704 | 36,076 | $3.5M | 1.78% |
| 18 | CROWDSTRIKE HLDGS INC | CRWD | 7,558 | $3.5M | 1.78% |
| 19 | META PLATFORMS INC | META | 4,975 | $3.3M | 1.65% |
| 20 | WALMART INC | WMT | 29,303 | $3.3M | 1.64% |
| 21 | DUKE ENERGY CORP NEW | DUKB | 24,595 | $2.9M | 1.45% |
| 22 | FIRST TR EXCHANGE TRADED FD | 33738R605 | 44,964 | $2.8M | 1.42% |
| 23 | ARK ETF TR | 00214Q401 | 19,091 | $2.8M | 1.42% |
| 24 | FIRST TR EXCH TRADED FD III | 33739P855 | 143,914 | $2.8M | 1.40% |
| 25 | SPDR SERIES TRUST | 78464A631 | 11,551 | $2.8M | 1.40% |
| 26 | VERIZON COMMUNICATIONS INC | VZ | 66,228 | $2.7M | 1.35% |
| 27 | FIRST TR EXCHANGE-TRADED FD | 33734H106 | 56,735 | $2.6M | 1.31% |
| 28 | INVESCO EXCH TRADED FD TR II | IVZ | 46,781 | $2.6M | 1.31% |
| 29 | AMGEN INC | AMGN | 7,434 | $2.4M | 1.22% |
| 30 | GLOBAL X FDS | 37954Y855 | 35,378 | $2.3M | 1.15% |
| 31 | FIRST TR EXCHANGE-TRADED FD | 33733E104 | 24,397 | $2.3M | 1.13% |
| 32 | VANECK ETF TRUST | 92189F601 | 17,008 | $2.1M | 1.06% |
| 33 | JOHNSON & JOHNSON | JNJ | 9,836 | $2.0M | 1.02% |
| 34 | FIRST TR EXCHANGE-TRADED FD | 336917109 | 45,846 | $2.0M | 1.02% |
| 35 | GLOBAL X FDS | 37954Y673 | 41,383 | $2.0M | 0.99% |
| 36 | INVESCO EXCHANGE TRADED FD T | IVZ | 27,266 | $2.0M | 0.99% |
| 37 | FIRST TR EXCHANGE-TRADED FD | 337344105 | 13,162 | $1.9M | 0.94% |
| 38 | FIRST TR EXCHANGE TRADED FD | 33738R118 | 19,087 | $1.8M | 0.93% |
| 39 | FIRST TR EXCHANGE TRADED FD | 33734X846 | 25,354 | $1.8M | 0.91% |
| 40 | SELECT SECTOR SPDR TR | 81369Y704 | 10,831 | $1.7M | 0.84% |
| 41 | FIRST TR EXCHANGE-TRADED FD | 33741X102 | 40,112 | $1.5M | 0.77% |
| 42 | VANGUARD INDEX FDS | 922908363 | 2,289 | $1.4M | 0.72% |
| 43 | FIRST TR EXCHANGE TRADED FD | 33738R837 | 41,809 | $1.4M | 0.69% |
| 44 | FIRST TR EXCHANGE TRADED FD | 33737A108 | 8,818 | $1.3M | 0.68% |
| 45 | FIRST TR EXCHANGE-TRADED FD | 33739Q804 | 47,651 | $1.3M | 0.63% |
| 46 | SELECT SECTOR SPDR TR | 81369Y886 | 26,762 | $1.1M | 0.57% |
| 47 | ARK ETF TR | 00214Q807 | 34,671 | $1.0M | 0.50% |
| 48 | FIRST TR EXCHANGE TRADED FD | 33738R720 | 18,856 | $977,994 | 0.49% |
| 49 | JOHN HANCOCK EXCHANGE TRADED | 47804J206 | 13,823 | $905,158 | 0.45% |
| 50 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 2,573 | $781,968 | 0.39% |
| 51 | SPDR SERIES TRUST | 78464A755 | 6,695 | $693,614 | 0.35% |
| 52 | FIRST TR EXCHANGE-TRADED FD | 33733B100 | 6,223 | $676,111 | 0.34% |
| 53 | FIRST TR EXCHANGE-TRADED FD | 33738D879 | 22,820 | $598,797 | 0.30% |
| 54 | MPLX LP | MPLXP | 10,528 | $561,902 | 0.28% |
| 55 | J P MORGAN EXCHANGE TRADED F | 46654Q609 | 5,507 | $511,049 | 0.26% |
| 56 | FIDELITY COVINGTON TRUST | 316092865 | 8,612 | $475,544 | 0.24% |
| 57 | WEC ENERGY GROUP INC | WEC | 4,444 | $468,692 | 0.24% |
| 58 | FIRST TR EXCHANGE TRADED FD | 33738R407 | 21,945 | $456,891 | 0.23% |
| 59 | VANGUARD INDEX FDS | 922908736 | 925 | $451,270 | 0.23% |
| 60 | SCHWAB STRATEGIC TR | 808524300 | 13,659 | $445,557 | 0.22% |
| 61 | FIRST TR EXCHANGE TRADED FD | 33738R308 | 18,447 | $435,718 | 0.22% |
| 62 | VANGUARD ADMIRAL FDS INC | 921932703 | 2,033 | $416,460 | 0.21% |
| 63 | LOCKHEED MARTIN CORP | LMT | 836 | $404,172 | 0.20% |
| 64 | VANGUARD BD INDEX FDS | 921937819 | 3,931 | $306,147 | 0.15% |
| 65 | VISA INC | V | 871 | $305,469 | 0.15% |
| 66 | CVS HEALTH CORP | CVS | 3,705 | $294,029 | 0.15% |
| 67 | BROADCOM INC | AVGO | 834 | $288,669 | 0.14% |
| 68 | ISHARES TR | 46435G441 | 5,545 | $262,041 | 0.13% |
| 69 | FIRST TR EXCHANGE-TRADED FD | 33738D101 | 6,780 | $256,756 | 0.13% |
| 70 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,610 | $252,161 | 0.13% |
| 71 | RTX CORPORATION | RTX | 1,344 | $246,501 | 0.12% |
| 72 | NUSHARES ETF TR | NU | 6,170 | $223,416 | 0.11% |
| 73 | GOLDMAN SACHS GROUP INC | GSCE | 254 | $223,220 | 0.11% |
| 74 | ARK ETF TR | 00214Q104 | 2,744 | $211,066 | 0.11% |
| 75 | VANGUARD TAX-MANAGED FDS | 921943858 | 3,338 | $208,525 | 0.10% |
| 76 | VULCAN MATLS CO | 929160109 | 702 | $200,352 | 0.10% |