13F HOLDINGS REPORT

Goodwin Investment Advisory

Quarter ended Q4 2025 · Filed February 9, 2026 · Accession 0001420506-26-000229

Total Value

$91.1M

Positions

224

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (224)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	FIDELITY COVINGTON TRUST	316092352	67,086	$3.7M	4.04%
2	FIDELITY COVINGTON TRUST	316092352	51,174	$2.8M	3.08%
3	ISHARES TR	46435G425	16,306	$2.4M	2.67%
4	ISHARES TR	46435G425	14,466	$2.2M	2.37%
5	INVESCO EXCHANGE TRADED FD T	IVZ	33,660	$2.0M	2.19%
6	VANGUARD INDEX FDS	922908363	2,860	$1.8M	1.97%
7	FIDELITY COVINGTON TRUST	316092352	31,678	$1.7M	1.91%
8	BANK NEW YORK MELLON CORP	064058100	11,344	$1.3M	1.45%
9	FIDELITY COVINGTON TRUST	316092352	18,032	$988,875	1.09%
10	FIDELITY COVINGTON TRUST	316092782	13,278	$959,633	1.05%
11	FIDELITY COVINGTON TRUST	316092352	17,230	$944,893	1.04%
12	FIDELITY COVINGTON TRUST	316092352	16,796	$921,093	1.01%
13	AXSOME THERAPEUTICS INC	AXSM	4,241	$774,576	0.85%
14	FIDELITY COVINGTON TRUST	316092352	13,085	$717,581	0.79%
15	FIDELITY COVINGTON TRUST	316092352	12,930	$709,081	0.78%
16	VANECK ETF TRUST	92189H201	14,566	$686,933	0.75%
17	FIDELITY MERRIMACK STR TR	316188309	14,837	$683,095	0.75%
18	ISHARES TR	464287200	995	$681,783	0.75%
19	FIDELITY COVINGTON TRUST	316092352	12,394	$679,687	0.75%
20	VANGUARD INDEX FDS	922908736	1,280	$624,461	0.69%
21	FIDELITY COVINGTON TRUST	316092782	8,531	$616,535	0.68%
22	FIDELITY COVINGTON TRUST	316092352	11,198	$614,098	0.67%
23	FIDELITY COVINGTON TRUST	316092782	8,223	$594,276	0.65%
24	ISHARES TR	464287200	859	$588,042	0.65%
25	INVESCO EXCHANGE TRADED FD T	IVZ	4,948	$584,656	0.64%
26	FIDELITY MERRIMACK STR TR	316188309	12,102	$557,176	0.61%
27	FIDELITY COVINGTON TRUST	316092352	10,036	$550,374	0.60%
28	FIDELITY COVINGTON TRUST	316092352	9,972	$546,864	0.60%
29	PIMCO ETF TR	72201R866	9,902	$518,964	0.57%
30	FIDELITY COVINGTON TRUST	316092352	9,374	$514,070	0.56%
31	FIDELITY MERRIMACK STR TR	316188309	11,085	$510,353	0.56%
32	FIDELITY COVINGTON TRUST	316092352	9,265	$508,093	0.56%
33	VANGUARD INDEX FDS	922908363	808	$506,721	0.56%
34	FIDELITY COVINGTON TRUST	316092352	9,214	$505,276	0.55%
35	FIDELITY MERRIMACK STR TR	316188309	10,928	$503,125	0.55%
36	SELECTIVE INS GROUP INC	816300107	6,000	$502,020	0.55%
37	FIDELITY MERRIMACK STR TR	316188309	10,778	$496,219	0.54%
38	FIDELITY COVINGTON TRUST	316092352	8,994	$493,231	0.54%
39	FIDELITY COVINGTON TRUST	316092352	8,767	$480,782	0.53%
40	FIDELITY MERRIMACK STR TR	316188309	10,310	$474,672	0.52%
41	FIDELITY MERRIMACK STR TR	316188309	10,263	$472,509	0.52%
42	FIDELITY COVINGTON TRUST	316092352	8,363	$458,627	0.50%
43	FIDELITY MERRIMACK STR TR	316188309	9,935	$457,407	0.50%
44	FIDELITY COVINGTON TRUST	316092352	8,043	$441,078	0.48%
45	FIDELITY COVINGTON TRUST	316092352	7,982	$437,733	0.48%
46	FIDELITY MERRIMACK STR TR	316188309	9,409	$433,178	0.48%
47	FIDELITY MERRIMACK STR TR	316188309	9,309	$428,586	0.47%
48	FIDELITY COVINGTON TRUST	316092352	7,788	$427,094	0.47%
49	VANGUARD INDEX FDS	922908736	870	$424,438	0.47%
50	ISHARES TR	464287200	608	$416,183	0.46%
51	FIDELITY COVINGTON TRUST	316092352	7,512	$411,958	0.45%
52	FIDELITY COVINGTON TRUST	316092352	7,469	$409,600	0.45%
53	FIDELITY COVINGTON TRUST	316092352	7,458	$408,997	0.45%
54	FIDELITY COVINGTON TRUST	316092352	7,382	$404,829	0.44%
55	FIDELITY COVINGTON TRUST	316092352	7,374	$404,390	0.44%
56	VANECK ETF TRUST	92189H201	8,550	$403,218	0.44%
57	FIDELITY COVINGTON TRUST	316092782	5,573	$402,761	0.44%
58	FIDELITY COVINGTON TRUST	316092352	7,310	$400,880	0.44%
59	FIDELITY COVINGTON TRUST	316092352	7,239	$396,987	0.44%
60	FIDELITY COVINGTON TRUST	316092352	7,178	$393,642	0.43%
61	FIDELITY MERRIMACK STR TR	316188309	8,505	$391,570	0.43%
62	FIDELITY COVINGTON TRUST	316092352	7,123	$390,625	0.43%
63	FIDELITY MERRIMACK STR TR	316188309	8,481	$390,465	0.43%
64	JOHN HANCOCK EXCHANGE TRADED	47804J206	5,866	$384,124	0.42%
65	FIDELITY COVINGTON TRUST	316092352	6,993	$383,496	0.42%
66	FIDELITY COVINGTON TRUST	316092352	6,954	$381,344	0.42%
67	FIDELITY COVINGTON TRUST	316092352	6,950	$381,138	0.42%
68	FIDELITY MERRIMACK STR TR	316188309	8,182	$376,699	0.41%
69	FIDELITY COVINGTON TRUST	316092352	6,832	$374,667	0.41%
70	FIDELITY COVINGTON TRUST	316092352	6,830	$374,557	0.41%
71	FIDELITY COVINGTON TRUST	316092352	6,775	$371,541	0.41%
72	VANGUARD INDEX FDS	922908595	1,218	$367,970	0.40%
73	FIDELITY COVINGTON TRUST	316092352	6,671	$365,838	0.40%
74	VANGUARD INDEX FDS	922908595	1,206	$364,390	0.40%
75	FIDELITY MERRIMACK STR TR	316188309	7,874	$362,507	0.40%
76	FIDELITY COVINGTON TRUST	316092782	4,985	$360,266	0.40%
77	FIDELITY COVINGTON TRUST	316092352	6,550	$359,202	0.39%
78	FIDELITY MERRIMACK STR TR	316188309	7,800	$359,112	0.39%
79	FIDELITY COVINGTON TRUST	316092352	6,507	$356,844	0.39%
80	FIDELITY COVINGTON TRUST	316092352	6,365	$349,057	0.38%
81	FIDELITY MERRIMACK STR TR	316188309	7,557	$347,924	0.38%
82	VANGUARD INDEX FDS	922908363	553	$346,803	0.38%
83	FIDELITY COVINGTON TRUST	316092352	6,314	$346,260	0.38%
84	FIDELITY COVINGTON TRUST	316092352	6,292	$345,053	0.38%
85	FIDELITY COVINGTON TRUST	316092782	4,773	$344,945	0.38%
86	FIDELITY MERRIMACK STR TR	316188309	7,474	$344,103	0.38%
87	FIDELITY COVINGTON TRUST	316092352	6,252	$342,860	0.38%
88	FIDELITY COVINGTON TRUST	316092352	6,194	$339,679	0.37%
89	FIDELITY COVINGTON TRUST	316092352	6,159	$337,760	0.37%
90	FIDELITY MERRIMACK STR TR	316188309	7,271	$334,757	0.37%
91	FIDELITY COVINGTON TRUST	316092352	6,052	$331,892	0.36%
92	FIDELITY COMWLTH TR	315912808	3,623	$331,142	0.36%
93	FIDELITY COVINGTON TRUST	316092352	5,983	$328,108	0.36%
94	FIDELITY MERRIMACK STR TR	316188309	7,008	$322,648	0.35%
95	FIDELITY COVINGTON TRUST	316092352	5,878	$322,350	0.35%
96	FIDELITY COVINGTON TRUST	316092352	5,798	$317,961	0.35%
97	FIDELITY COVINGTON TRUST	316092352	5,757	$315,714	0.35%
98	FIDELITY COVINGTON TRUST	316092352	5,658	$310,285	0.34%
99	VANGUARD INDEX FDS	922908736	636	$310,279	0.34%
100	FIDELITY COVINGTON TRUST	316092782	4,290	$310,038	0.34%
101	VANGUARD INDEX FDS	922908363	493	$309,175	0.34%
102	ISHARES TR	464287887	2,189	$308,999	0.34%
103	FIDELITY MERRIMACK STR TR	316188309	6,686	$307,823	0.34%
104	TESLA INC	TSLA	683	$307,159	0.34%
105	FIDELITY COMWLTH TR	315912808	3,356	$306,738	0.34%
106	FIDELITY COVINGTON TRUST	316092352	5,557	$304,746	0.33%
107	FIDELITY MERRIMACK STR TR	316188309	6,597	$303,726	0.33%
108	FIDELITY COVINGTON TRUST	316092352	5,464	$299,646	0.33%
109	FIDELITY COVINGTON TRUST	316092352	5,440	$298,330	0.33%
110	FIDELITY COVINGTON TRUST	316092352	5,415	$296,950	0.33%
111	FIDELITY COVINGTON TRUST	316092352	5,405	$296,410	0.33%
112	FIDELITY COVINGTON TRUST	316092352	5,349	$293,339	0.32%
113	FIDELITY COVINGTON TRUST	316092352	5,339	$292,791	0.32%
114	J P MORGAN EXCHANGE TRADED F	46641Q647	5,797	$292,749	0.32%
115	FIDELITY COVINGTON TRUST	316092352	5,325	$292,027	0.32%
116	FIDELITY COVINGTON TRUST	316092352	5,241	$287,416	0.32%
117	FIDELITY COVINGTON TRUST	316092352	5,227	$286,649	0.31%
118	FIDELITY COVINGTON TRUST	316092352	5,203	$285,333	0.31%
119	FIDELITY COVINGTON TRUST	316092782	3,926	$283,732	0.31%
120	FIDELITY COVINGTON TRUST	316092352	5,162	$283,084	0.31%
121	FIDELITY COVINGTON TRUST	316092352	5,158	$282,865	0.31%
122	FIDELITY COVINGTON TRUST	316092352	5,144	$282,097	0.31%
123	ISHARES TR	464287408	1,324	$280,781	0.31%
124	FIDELITY MERRIMACK STR TR	316188309	6,097	$280,706	0.31%
125	FIDELITY MERRIMACK STR TR	316188309	6,059	$278,977	0.31%
126	FIDELITY COVINGTON TRUST	316092352	5,073	$278,203	0.31%
127	FIDELITY COVINGTON TRUST	316092352	5,046	$276,723	0.30%
128	FIDELITY COVINGTON TRUST	316092352	5,046	$276,723	0.30%
129	FIDELITY MERRIMACK STR TR	316188309	6,009	$276,654	0.30%
130	FIDELITY COVINGTON TRUST	316092352	5,028	$275,736	0.30%
131	FIDELITY COVINGTON TRUST	316092782	3,811	$275,421	0.30%
132	PIMCO ETF TR	72201R866	5,220	$273,580	0.30%
133	FIDELITY COVINGTON TRUST	316092352	4,943	$271,074	0.30%
134	FIDELITY COVINGTON TRUST	316092352	4,938	$270,800	0.30%
135	FIDELITY COVINGTON TRUST	316092352	4,914	$269,484	0.30%
136	FIDELITY COVINGTON TRUST	316092782	3,720	$268,844	0.30%
137	FIDELITY COVINGTON TRUST	316092352	4,894	$268,387	0.29%
138	PIMCO ETF TR	72201R866	5,109	$267,763	0.29%
139	ELI LILLY & CO	LLY	249	$267,595	0.29%
140	FIDELITY COVINGTON TRUST	316092352	4,813	$263,945	0.29%
141	FIDELITY COVINGTON TRUST	316092352	4,812	$263,890	0.29%
142	FIDELITY MERRIMACK STR TR	316188309	5,679	$261,461	0.29%
143	FIDELITY MERRIMACK STR TR	316188309	5,664	$260,771	0.29%
144	FIDELITY COVINGTON TRUST	316092782	3,599	$260,100	0.29%
145	FIDELITY MERRIMACK STR TR	316188309	5,619	$258,699	0.28%
146	INVESCO EXCHANGE TRADED FD T	IVZ	2,188	$258,534	0.28%
147	FIDELITY COVINGTON TRUST	316092782	3,572	$258,148	0.28%
148	FIDELITY COVINGTON TRUST	316092352	4,704	$257,950	0.28%
149	FIDELITY COMWLTH TR	315912808	2,811	$256,950	0.28%
150	FIDELITY MERRIMACK STR TR	316188309	5,562	$256,074	0.28%
151	FIDELITY COVINGTON TRUST	316092352	4,646	$254,787	0.28%
152	FIDELITY COVINGTON TRUST	316092352	4,641	$254,532	0.28%
153	FIDELITY COVINGTON TRUST	316092352	4,636	$254,238	0.28%
154	VANGUARD INDEX FDS	922908363	404	$253,361	0.28%
155	FIDELITY COVINGTON TRUST	316092352	4,577	$251,003	0.28%
156	FIDELITY COVINGTON TRUST	316092782	3,460	$250,054	0.27%
157	VANGUARD INDEX FDS	922908736	512	$249,784	0.27%
158	ISHARES TR	464287200	363	$248,772	0.27%
159	FIDELITY MERRIMACK STR TR	316188309	5,396	$248,432	0.27%
160	FIDELITY COVINGTON TRUST	316092352	4,515	$247,603	0.27%
161	ISHARES TR	464287614	523	$247,536	0.27%
162	FIDELITY COVINGTON TRUST	316092352	4,496	$246,561	0.27%
163	FIDELITY COVINGTON TRUST	316092352	4,470	$245,135	0.27%
164	J P MORGAN EXCHANGE TRADED F	46641Q753	4,985	$244,664	0.27%
165	FIDELITY COVINGTON TRUST	316092352	4,457	$244,422	0.27%
166	FIDELITY COVINGTON TRUST	316092352	4,440	$243,490	0.27%
167	FIDELITY MERRIMACK STR TR	316188309	5,277	$242,953	0.27%
168	FIDELITY COVINGTON TRUST	316092352	4,428	$242,832	0.27%
169	FIDELITY MERRIMACK STR TR	316188309	5,222	$240,421	0.26%
170	INVESCO EXCHANGE TRADED FD T	IVZ	2,008	$237,265	0.26%
171	FIDELITY COVINGTON TRUST	316092352	4,313	$236,525	0.26%
172	FIDELITY COVINGTON TRUST	316092352	4,238	$232,412	0.26%
173	FIDELITY COVINGTON TRUST	316092352	4,166	$228,463	0.25%
174	FIDELITY COVINGTON TRUST	316092352	4,153	$227,751	0.25%
175	FIDELITY COVINGTON TRUST	316092352	4,153	$227,751	0.25%
176	FIDELITY COVINGTON TRUST	316092352	4,147	$227,421	0.25%
177	FIDELITY MERRIMACK STR TR	316188309	4,939	$227,392	0.25%
178	FIDELITY COVINGTON TRUST	316092352	4,124	$226,160	0.25%
179	FIDELITY COVINGTON TRUST	316092352	4,122	$226,050	0.25%
180	FIDELITY COVINGTON TRUST	316092352	4,117	$225,776	0.25%
181	FIDELITY COMWLTH TR	315912808	2,458	$224,661	0.25%
182	FIDELITY COVINGTON TRUST	316092352	4,095	$224,570	0.25%
183	FIDELITY COVINGTON TRUST	316092352	4,087	$224,131	0.25%
184	VANGUARD INDEX FDS	922908736	459	$223,928	0.25%
185	FIDELITY COVINGTON TRUST	316092352	4,078	$223,638	0.25%
186	FIDELITY COVINGTON TRUST	316092352	4,077	$223,583	0.25%
187	FIDELITY MERRIMACK STR TR	316188309	4,856	$223,570	0.25%
188	FIDELITY COVINGTON TRUST	316092352	4,074	$223,394	0.25%
189	ISHARES TR	464288521	3,922	$223,383	0.25%
190	FIDELITY COVINGTON TRUST	316092352	4,073	$223,363	0.25%
191	FIDELITY MERRIMACK STR TR	316188309	4,846	$223,110	0.24%
192	FIDELITY MERRIMACK STR TR	316188309	4,820	$221,931	0.24%
193	FIDELITY COVINGTON TRUST	316092352	4,019	$220,402	0.24%
194	FIDELITY COVINGTON TRUST	316092352	4,013	$220,073	0.24%
195	FIDELITY COVINGTON TRUST	316092352	4,005	$219,634	0.24%
196	FIDELITY COVINGTON TRUST	316092352	3,987	$218,647	0.24%
197	FIDELITY COVINGTON TRUST	316092352	3,977	$218,106	0.24%
198	FIDELITY COVINGTON TRUST	316092352	3,976	$218,044	0.24%
199	FIDELITY COVINGTON TRUST	316092352	3,964	$217,386	0.24%
200	FIDELITY COVINGTON TRUST	316092352	3,956	$216,947	0.24%
201	FIDELITY COVINGTON TRUST	316092352	3,941	$216,124	0.24%
202	FIDELITY COVINGTON TRUST	316092782	2,971	$214,714	0.24%
203	FIDELITY COVINGTON TRUST	316092352	3,904	$214,095	0.24%
204	FIDELITY COVINGTON TRUST	316092352	3,865	$211,957	0.23%
205	FIDELITY COVINGTON TRUST	316092352	3,853	$211,299	0.23%
206	FIDELITY COVINGTON TRUST	316092782	2,915	$210,635	0.23%
207	FIDELITY COVINGTON TRUST	316092352	3,815	$209,215	0.23%
208	FIDELITY COVINGTON TRUST	316092352	3,811	$208,995	0.23%
209	FIDELITY MERRIMACK STR TR	316188309	4,519	$208,055	0.23%
210	FIDELITY COVINGTON TRUST	316092352	3,737	$204,937	0.22%
211	FIDELITY COVINGTON TRUST	316092352	3,737	$204,937	0.22%
212	FIDELITY COVINGTON TRUST	316092352	3,734	$204,773	0.22%
213	FIDELITY MERRIMACK STR TR	316188309	4,434	$204,141	0.22%
214	FIDELITY COVINGTON TRUST	316092352	3,721	$204,060	0.22%
215	FIDELITY COVINGTON TRUST	316092352	3,719	$203,950	0.22%
216	FIDELITY COVINGTON TRUST	316092352	3,718	$203,895	0.22%
217	FIDELITY COVINGTON TRUST	316092352	3,717	$203,840	0.22%
218	SCHWAB STRATEGIC TR	808524870	7,691	$203,735	0.22%
219	FIDELITY COVINGTON TRUST	316092352	3,694	$202,579	0.22%
220	FIDELITY COVINGTON TRUST	316092352	3,689	$202,305	0.22%
221	FIDELITY MERRIMACK STR TR	316188309	4,378	$201,563	0.22%
222	FIDELITY COVINGTON TRUST	316092352	3,671	$201,318	0.22%
223	FIDELITY COVINGTON TRUST	316092782	2,771	$200,260	0.22%
224	VANGUARD INDEX FDS	922908363	319	$200,054	0.22%