13F HOLDINGS REPORT

LFA - Lugano Financial Advisors SA

Quarter ended Q1 2025 · Filed April 28, 2025 · Accession 0001737871-25-000002

Total Value

$147.1M

Positions

191

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (191)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR S&P 500 ETF TR	SPY	42,509	$23.8M	16.17%
2	SPDR GOLD TR	GLD	27,265	$7.9M	5.34%
3	FIRST TR EXCHANGE-TRADED FD	33741X102	191,256	$6.4M	4.36%
4	ISHARES TR	46435G243	238,952	$6.0M	4.06%
5	ISHARES TR	464288802	47,846	$5.5M	3.74%
6	ISHARES TR	464288638	88,818	$4.7M	3.17%
7	FIRST TR EXCHANGE TRADED FD	33734X846	72,413	$4.6M	3.10%
8	VANGUARD WHITEHALL FDS	921946885	70,955	$4.6M	3.10%
9	ISHARES TR	464288653	41,667	$4.3M	2.94%
10	VANGUARD SCOTTSDALE FDS	92206C706	67,219	$4.0M	2.71%
11	VANGUARD SCOTTSDALE FDS	92206C409	49,563	$3.9M	2.66%
12	ISHARES TR	46429B291	81,746	$3.9M	2.64%
13	FIRST TR EXCH TRADED FD III	33739P103	57,787	$3.7M	2.52%
14	ISHARES TR	46436E205	143,973	$3.3M	2.26%
15	SPDR SER TR	78468R408	114,910	$2.9M	1.97%
16	SPDR INDEX SHS FDS	78463X202	51,809	$2.8M	1.92%
17	NEW YORK LIFE INVESTMENTS ET	45409B107	89,744	$2.8M	1.91%
18	ISHARES TR	464287440	28,863	$2.8M	1.87%
19	ISHARES TR	464288679	22,442	$2.5M	1.69%
20	MICROSOFT CORP	MSFT	6,161	$2.3M	1.57%
21	AMAZON COM INC	AMZN	12,038	$2.3M	1.56%
22	ISHARES TR	46435U515	88,071	$2.2M	1.51%
23	INVESCO QQQ TR	IVZ	4,599	$2.2M	1.47%
24	ISHARES TR	464287457	24,771	$2.0M	1.39%
25	NUSHARES ETF TR	NU	46,520	$2.0M	1.36%
26	VANGUARD SCOTTSDALE FDS	92206C870	21,809	$1.8M	1.21%
27	ISHARES TR	46435G193	74,278	$1.7M	1.16%
28	ISHARES TR	464287465	19,578	$1.6M	1.09%
29	INVESCO ACTVELY MNGD ETC FD	IVZ	109,285	$1.5M	1.01%
30	ISHARES TR	46436E726	56,773	$1.2M	0.84%
31	SPDR SER TR	78464A359	13,981	$1.1M	0.73%
32	ISHARES TR	464288281	11,768	$1.1M	0.72%
33	ISHARES INC	464286749	19,246	$996,750	0.68%
34	GLOBAL X FDS	37954Y707	119,626	$982,129	0.67%
35	APPLE INC	AAPL	4,215	$936,278	0.64%
36	INVESCO EXCHANGE TRADED FD T	IVZ	13,752	$881,091	0.60%
37	VANGUARD WORLD FD	92204A702	1,350	$732,213	0.50%
38	VANGUARD WORLD FD	92204A504	2,550	$675,062	0.46%
39	VANGUARD SCOTTSDALE FDS	92206C813	7,574	$574,942	0.39%
40	ISHARES TR	46435G334	13,769	$515,924	0.35%
41	ALPHABET INC	GOOG	2,980	$465,565	0.32%
42	INVESCO EXCH TRADED FD TR II	IVZ	11,497	$461,375	0.31%
43	SELECT SECTOR SPDR TR	81369Y704	3,500	$458,745	0.31%
44	FIRST TR EXCH TRADED FD III	33739P855	24,000	$448,800	0.31%
45	VANGUARD BD INDEX FDS	921937819	5,406	$413,937	0.28%
46	CATERPILLAR INC	CAT	1,250	$412,250	0.28%
47	SELECT SECTOR SPDR TR	81369Y506	4,018	$375,482	0.26%
48	SELECT SECTOR SPDR TR	81369Y605	7,300	$363,613	0.25%
49	VISA INC	V	990	$346,955	0.24%
50	ABBOTT LABS	ABLZF	2,525	$334,941	0.23%
51	KKR & CO INC	KKRT	2,850	$329,489	0.22%
52	SELECT SECTOR SPDR TR	81369Y308	4,000	$326,680	0.22%
53	INVESCO EXCHANGE TRADED FD T	IVZ	1,878	$325,326	0.22%
54	JPMORGAN CHASE & CO.	VYLD	1,300	$318,890	0.22%
55	ISHARES TR	46434V886	7,352	$308,343	0.21%
56	LITMAN GREGORY FDS TR	53700T827	11,620	$293,521	0.20%
57	ISHARES TR	46435U440	5,959	$282,218	0.19%
58	BLACKSTONE INC	BX	2,000	$279,560	0.19%
59	ISHARES TR	464287408	1,400	$266,812	0.18%
60	ABBVIE INC	ABBV	1,240	$259,805	0.18%
61	ALPHABET INC	GOOG	1,669	$258,094	0.18%
62	SELECT SECTOR SPDR TR	81369Y407	1,300	$256,698	0.17%
63	COCA COLA CO	KO	3,480	$249,238	0.17%
64	VANECK ETF TRUST	92189F106	5,332	$245,112	0.17%
65	ISHARES TR	464288760	1,437	$220,005	0.15%
66	SPDR DOW JONES INDL AVERAGE	78467X109	500	$209,940	0.14%
67	SPDR SER TR	78464A334	7,987	$209,739	0.14%
68	VANGUARD INDEX FDS	922908629	800	$206,896	0.14%
69	VANGUARD WHITEHALL FDS	921946406	1,555	$200,533	0.14%
70	ISHARES INC	46434G764	3,547	$195,404	0.13%
71	VANGUARD BD INDEX FDS	921937835	2,622	$192,586	0.13%
72	BOOKING HOLDINGS INC	BKNG	40	$184,276	0.13%
73	HONEYWELL INTL INC	438516106	832	$176,176	0.12%
74	CONSOLIDATED EDISON INC	ED	1,580	$174,732	0.12%
75	ISHARES INC	464286178	3,847	$171,422	0.12%
76	SELECT SECTOR SPDR TR	81369Y803	813	$167,868	0.11%
77	ZOETIS INC	ZTS	1,000	$164,650	0.11%
78	MASTERCARD INCORPORATED	MA	297	$162,792	0.11%
79	ELECTRONIC ARTS INC	EA	1,125	$162,585	0.11%
80	RESMED INC	RSMDF	717	$160,500	0.11%
81	MCDONALDS CORP	MCD	500	$156,185	0.11%
82	MONDELEZ INTL INC	609207105	2,300	$156,055	0.11%
83	ISHARES TR	464287556	1,200	$153,480	0.10%
84	YUM BRANDS INC	YUM	970	$152,639	0.10%
85	ISHARES TR	464287325	1,660	$151,392	0.10%
86	FIRST TR EXCHANGE-TRADED FD	33738D309	3,270	$149,276	0.10%
87	VANGUARD CHARLOTTE FDS	92203J407	3,053	$149,047	0.10%
88	ISHARES TR	464287200	257	$144,408	0.10%
89	SPDR SER TR	78464A391	7,185	$144,203	0.10%
90	META PLATFORMS INC	META	245	$141,208	0.10%
91	ASTRAZENECA PLC	AZN	1,900	$139,650	0.09%
92	BANK AMERICA CORP	060505104	3,212	$134,037	0.09%
93	ISHARES TR	46435G532	1,810	$131,026	0.09%
94	ISHARES TR	46435G672	2,550	$127,475	0.09%
95	ELI LILLY & CO	LLY	154	$127,190	0.09%
96	ALTRIA GROUP INC	MO	2,100	$126,042	0.09%
97	QUALCOMM INC	QCOM	810	$124,424	0.08%
98	ISHARES TR	46432F842	1,628	$123,158	0.08%
99	GRAYSCALE BITCOIN TRUST ETF	GBTC	1,835	$119,587	0.08%
100	3M CO	MMM	800	$117,488	0.08%
101	NVIDIA CORPORATION	NVDA	1,010	$109,464	0.07%
102	INVESCO EXCH TRADED FD TR II	IVZ	9,530	$106,927	0.07%
103	TESLA INC	TSLA	401	$103,923	0.07%
104	GALLAGHER ARTHUR J & CO	363576109	291	$100,465	0.07%
105	AUTODESK INC	ADSK	383	$100,269	0.07%
106	CITIGROUP INC	C-PR	1,400	$99,386	0.07%
107	ISHARES TR	464288661	835	$98,643	0.07%
108	PIMCO ETF TR	72201R643	961	$94,899	0.06%
109	EDWARDS LIFESCIENCES CORP	EW	1,300	$94,224	0.06%
110	VERIZON COMMUNICATIONS INC	VZ	1,914	$86,819	0.06%
111	VANGUARD BD INDEX FDS	921937793	1,230	$86,617	0.06%
112	ISHARES INC	464286806	2,223	$82,429	0.06%
113	AMERICAN ELEC PWR CO INC	025537101	747	$81,625	0.06%
114	ISHARES TR	464288687	2,644	$81,250	0.06%
115	VANGUARD SCOTTSDALE FDS	92206C664	1,000	$80,650	0.05%
116	THE CIGNA GROUP	125523100	240	$78,960	0.05%
117	INVESCO EXCHANGE TRADED FD T	IVZ	5,000	$78,700	0.05%
118	ISHARES TR	464288125	1,100	$77,418	0.05%
119	SELECT SECTOR SPDR TR	81369Y852	801	$77,256	0.05%
120	CVS HEALTH CORP	CVS	1,140	$77,235	0.05%
121	PHILIP MORRIS INTL INC	718172109	460	$73,016	0.05%
122	MERCK & CO INC	MRK	788	$70,731	0.05%
123	SPDR SER TR	78468R663	650	$59,625	0.04%
124	ISHARES TR	46434V407	1,400	$59,528	0.04%
125	EXXON MOBIL CORP	XOM	478	$56,849	0.04%
126	CARRIER GLOBAL CORPORATION	CARR	890	$56,426	0.04%
127	PEPSICO INC	PEP	363	$54,428	0.04%
128	COINBASE GLOBAL INC	COIN	308	$53,047	0.04%
129	VANECK ETF TRUST	92189H607	200	$52,424	0.04%
130	INVESCO EXCH TRADED FD TR II	IVZ	2,140	$51,874	0.04%
131	BROADCOM INC	AVGO	305	$51,066	0.03%
132	VANECK ETF TRUST	92189F726	310	$48,772	0.03%
133	WISDOMTREE TR	WT	1,022	$48,525	0.03%
134	INVESCO EXCH TRADED FD TR II	IVZ	2,260	$46,782	0.03%
135	SALESFORCE INC	CRM	172	$46,158	0.03%
136	TOTALENERGIES SE	TTE	700	$45,283	0.03%
137	MARRIOTT INTL INC NEW	571903202	182	$43,352	0.03%
138	ISHARES INC	46434G822	524	$35,925	0.02%
139	ISHARES INC	46434G103	660	$35,620	0.02%
140	LENNAR CORP	LEN-B	309	$35,467	0.02%
141	WISDOMTREE TR	WT	320	$35,258	0.02%
142	ALIBABA GROUP HLDG LTD	BBAAY	265	$35,041	0.02%
143	DEERE & CO	DE	74	$34,732	0.02%
144	PROCTER AND GAMBLE CO	742718109	200	$34,084	0.02%
145	SPDR SER TR	78468R788	760	$33,638	0.02%
146	UNITED STATES STL CORP NEW	UNTCW	735	$31,061	0.02%
147	HUNTINGTON BANCSHARES INC	HBANP	2,060	$30,921	0.02%
148	CISCO SYS INC	CSCO	500	$30,855	0.02%
149	INTEL CORP	INTC	1,310	$29,750	0.02%
150	INTUITIVE SURGICAL INC	ISRG	60	$29,716	0.02%
151	AT&T INC	T-PC	1,000	$28,280	0.02%
152	ISHARES TR	464288240	499	$27,670	0.02%
153	FIRST TR EXCHANGE TRADED FD	33734X192	270	$27,602	0.02%
154	WELLS FARGO CO NEW	949746101	377	$27,065	0.02%
155	FORTINET INC	FTNT	265	$25,509	0.02%
156	AMPLIFY ETF TR	032108664	355	$25,489	0.02%
157	NIKE INC	NKE	400	$25,392	0.02%
158	PFIZER INC	PFE	1,000	$25,340	0.02%
159	CHEVRON CORP NEW	CVX	150	$25,094	0.02%
160	ISHARES TR	464287655	123	$24,537	0.02%
161	SERVICENOW INC	NOW	30	$23,884	0.02%
162	ECOLAB INC	ECL	87	$22,056	0.01%
163	ADOBE INC	ADBE	55	$21,094	0.01%
164	ISHARES TR	464288513	239	$18,855	0.01%
165	EXCHANGE TRADED CONCEPTS TRU	301505707	360	$18,540	0.01%
166	LULULEMON ATHLETICA INC	LULU	63	$17,833	0.01%
167	KLA CORP	KLAC	26	$17,675	0.01%
168	GLOBAL X FDS	37954Y715	620	$17,645	0.01%
169	CORNING INC	GLW	345	$15,794	0.01%
170	ISHARES BITCOIN TRUST ETF	IBIT	320	$14,979	0.01%
171	DBX ETF TR	233051879	550	$14,614	0.01%
172	AMPHENOL CORP NEW	032095101	220	$14,430	0.01%
173	ANALOG DEVICES INC	ADI	70	$14,117	0.01%
174	NETFLIX INC	NFLX	15	$13,988	0.01%
175	ADVANCED MICRO DEVICES INC	AMD	135	$13,870	0.01%
176	GRAYSCALE BITCOIN MINI TR ET	389930207	365	$13,319	0.01%
177	HUMANA INC	HUM	45	$11,907	0.01%
178	NOVO-NORDISK A S	NONOF	170	$11,805	0.01%
179	EBAY INC.	EBAY	165	$11,175	0.01%
180	ISHARES TR	464287432	120	$10,924	0.01%
181	MCKESSON CORP	MCK	15	$10,095	0.01%
182	GLOBAL X FDS	37954Y871	435	$9,970	0.01%
183	VEEVA SYS INC	VEEV	40	$9,265	0.01%
184	WEC ENERGY GROUP INC	WEC	85	$9,263	0.01%
185	HERSHEY CO	HSY	50	$8,552	0.01%
186	QUANTUMSCAPE CORP	QS	2,000	$8,320	0.01%
187	REGENERON PHARMACEUTICALS	REGN	12	$7,611	0.01%
188	NEXTERA ENERGY INC	NEE-PW	100	$7,089	0.00%
189	BERKSHIRE HATHAWAY INC DEL	BRK-A	10	$5,326	0.00%
190	SCHLUMBERGER LTD	SLB	80	$3,344	0.00%
191	MILLROSE PPTYS INC	601137102	84	$2,227	0.00%