13F HOLDINGS REPORT
LFA - Lugano Financial Advisors SA
Quarter ended Q3 2025 · Filed November 5, 2025 · Accession 0001737871-25-000006
Total Value
$189.7M
Positions
229
Other Managers
0
Confidential Omitted
No
Holdings (229)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 40,378 | $26.9M | 14.18% |
| 2 | ISHARES TR | 46435G516 | 229,552 | $21.3M | 11.25% |
| 3 | ISHARES TR | 46435G243 | 457,113 | $11.5M | 6.08% |
| 4 | SPDR GOLD TR | GLD | 30,638 | $10.9M | 5.74% |
| 5 | SCHWAB STRATEGIC TR | 808524730 | 213,903 | $7.7M | 4.08% |
| 6 | VANGUARD WHITEHALL FDS | 921946885 | 77,220 | $5.1M | 2.71% |
| 7 | ISHARES TR | 464288638 | 88,985 | $4.8M | 2.53% |
| 8 | FIRST TR EXCHANGE-TRADED FD | 33741X102 | 119,647 | $4.5M | 2.40% |
| 9 | FIRST TR EXCH TRADED FD III | 33739P103 | 61,711 | $4.3M | 2.28% |
| 10 | ISHARES TR | 46436E718 | 40,204 | $4.0M | 2.13% |
| 11 | SPDR SERIES TRUST | 78464A151 | 124,787 | $4.0M | 2.12% |
| 12 | VANGUARD SCOTTSDALE FDS | 92206C409 | 50,172 | $4.0M | 2.11% |
| 13 | ISHARES TR | 46436E205 | 157,043 | $3.7M | 1.94% |
| 14 | NEW YORK LIFE INVESTMENTS ET | 45409B107 | 107,168 | $3.6M | 1.90% |
| 15 | ISHARES TR | 464288653 | 33,525 | $3.4M | 1.81% |
| 16 | VANGUARD SCOTTSDALE FDS | 92206C706 | 56,528 | $3.4M | 1.78% |
| 17 | SPDR INDEX SHS FDS | 78463X202 | 54,118 | $3.4M | 1.77% |
| 18 | MICROSOFT CORP | MSFT | 6,381 | $3.3M | 1.74% |
| 19 | SPDR SERIES TRUST | 78468R408 | 119,615 | $3.0M | 1.61% |
| 20 | FIRST TR EXCHANGE TRADED FD | 33734X846 | 38,609 | $2.9M | 1.55% |
| 21 | ISHARES TR | 464287440 | 28,863 | $2.8M | 1.46% |
| 22 | INVESCO QQQ TR | IVZ | 4,619 | $2.8M | 1.46% |
| 23 | AMAZON COM INC | AMZN | 11,841 | $2.6M | 1.37% |
| 24 | ISHARES TR | 46435U515 | 93,268 | $2.4M | 1.25% |
| 25 | VANECK ETF TRUST | 92189F106 | 29,340 | $2.2M | 1.18% |
| 26 | ISHARES TR | 464287457 | 24,389 | $2.0M | 1.06% |
| 27 | ISHARES TR | 46429B291 | 39,172 | $1.9M | 1.00% |
| 28 | ISHARES TR | 464287465 | 19,219 | $1.8M | 0.95% |
| 29 | ISHARES TR | 46436E726 | 75,223 | $1.7M | 0.88% |
| 30 | SPDR SERIES TRUST | 78464A359 | 13,981 | $1.3M | 0.67% |
| 31 | APPLE INC | AAPL | 4,762 | $1.2M | 0.64% |
| 32 | ISHARES INC | 464286749 | 21,318 | $1.2M | 0.62% |
| 33 | INVESCO EXCHANGE TRADED FD T | IVZ | 16,422 | $1.1M | 0.60% |
| 34 | ISHARES TR | 464288281 | 11,768 | $1.1M | 0.59% |
| 35 | VANGUARD WORLD FD | 92204A702 | 1,350 | $1.0M | 0.53% |
| 36 | GLOBAL X FDS | 37960A180 | 31,504 | $1.0M | 0.53% |
| 37 | ALPHABET INC | GOOG | 3,447 | $839,517 | 0.44% |
| 38 | SCHWAB STRATEGIC TR | 808524805 | 31,104 | $724,101 | 0.38% |
| 39 | ISHARES TR | 46435G334 | 15,869 | $666,022 | 0.35% |
| 40 | VANGUARD WORLD FD | 92204A504 | 2,550 | $661,980 | 0.35% |
| 41 | NVIDIA CORPORATION | NVDA | 3,321 | $619,632 | 0.33% |
| 42 | INVESCO ACTVELY MNGD ETC FD | IVZ | 45,565 | $611,938 | 0.32% |
| 43 | CATERPILLAR INC | CAT | 1,250 | $594,729 | 0.31% |
| 44 | ALPHABET INC | GOOG | 2,332 | $566,909 | 0.30% |
| 45 | VANGUARD SCOTTSDALE FDS | 92206C813 | 7,297 | $564,210 | 0.30% |
| 46 | SELECT SECTOR SPDR TR | 81369Y704 | 3,500 | $539,805 | 0.28% |
| 47 | INVESCO EXCH TRADED FD TR II | IVZ | 11,497 | $516,147 | 0.27% |
| 48 | JPMORGAN CHASE & CO. | VYLD | 1,593 | $500,049 | 0.26% |
| 49 | FIRST TR EXCH TRADED FD III | 33739P855 | 24,000 | $464,160 | 0.24% |
| 50 | SELECT SECTOR SPDR TR | 81369Y605 | 7,300 | $393,251 | 0.21% |
| 51 | VISA INC | V | 1,091 | $372,446 | 0.20% |
| 52 | KKR & CO INC | KKRT | 2,850 | $370,358 | 0.20% |
| 53 | ABBOTT LABS | ABLZF | 2,707 | $360,970 | 0.19% |
| 54 | SELECT SECTOR SPDR TR | 81369Y506 | 4,018 | $358,968 | 0.19% |
| 55 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,878 | $356,257 | 0.19% |
| 56 | META PLATFORMS INC | META | 468 | $343,690 | 0.18% |
| 57 | BLACKSTONE INC | BX | 2,000 | $341,700 | 0.18% |
| 58 | ISHARES TR | 46434V886 | 6,868 | $338,352 | 0.18% |
| 59 | ELECTRONIC ARTS INC | EA | 1,556 | $313,845 | 0.17% |
| 60 | SELECT SECTOR SPDR TR | 81369Y308 | 4,000 | $313,480 | 0.17% |
| 61 | SELECT SECTOR SPDR TR | 81369Y407 | 1,300 | $311,532 | 0.16% |
| 62 | VANGUARD INTL EQUITY INDEX F | 922042858 | 5,621 | $304,546 | 0.16% |
| 63 | ISHARES TR | 464288760 | 1,437 | $300,707 | 0.16% |
| 64 | ISHARES TR | 464287408 | 1,400 | $289,114 | 0.15% |
| 65 | ABBVIE INC | ABBV | 1,240 | $285,054 | 0.15% |
| 66 | BOOKING HOLDINGS INC | BKNG | 50 | $269,964 | 0.14% |
| 67 | RESMED INC | RSMDF | 981 | $268,529 | 0.14% |
| 68 | ISHARES GOLD TR | IAU | 3,684 | $268,085 | 0.14% |
| 69 | ISHARES INC | 46434G764 | 3,547 | $239,458 | 0.13% |
| 70 | BANK AMERICA CORP | 060505104 | 4,571 | $235,818 | 0.12% |
| 71 | VANGUARD INDEX FDS | 922908629 | 800 | $234,992 | 0.12% |
| 72 | SPDR SERIES TRUST | 78464A334 | 8,394 | $233,125 | 0.12% |
| 73 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 500 | $231,792 | 0.12% |
| 74 | COCA COLA CO | KO | 3,492 | $231,589 | 0.12% |
| 75 | SELECT SECTOR SPDR TR | 81369Y803 | 813 | $229,152 | 0.12% |
| 76 | TESLA INC | TSLA | 506 | $225,028 | 0.12% |
| 77 | VANGUARD WHITEHALL FDS | 921946406 | 1,555 | $219,177 | 0.12% |
| 78 | MASTERCARD INCORPORATED | MA | 364 | $206,774 | 0.11% |
| 79 | VANGUARD BD INDEX FDS | 921937835 | 2,622 | $194,376 | 0.10% |
| 80 | ISHARES TR | 464287655 | 795 | $192,358 | 0.10% |
| 81 | VANGUARD INTL EQUITY INDEX F | 922042775 | 2,680 | $191,272 | 0.10% |
| 82 | ISHARES TR | 464288802 | 1,343 | $182,178 | 0.10% |
| 83 | ISHARES INC | 464286178 | 3,847 | $178,181 | 0.09% |
| 84 | BROADCOM INC | AVGO | 536 | $176,832 | 0.09% |
| 85 | ISHARES TR | 464287556 | 1,200 | $173,244 | 0.09% |
| 86 | ISHARES TR | 464287200 | 257 | $172,010 | 0.09% |
| 87 | GRAYSCALE BITCOIN TRUST ETF | GBTC | 1,835 | $164,728 | 0.09% |
| 88 | VANGUARD CHARLOTTE FDS | 92203J407 | 3,283 | $162,033 | 0.09% |
| 89 | VANGUARD BD INDEX FDS | 921937827 | 2,056 | $161,718 | 0.09% |
| 90 | AMERICAN ELEC PWR CO INC | 025537101 | 1,412 | $158,850 | 0.08% |
| 91 | SPDR SERIES TRUST | 78464A391 | 7,185 | $152,781 | 0.08% |
| 92 | VANGUARD INDEX FDS | 922908553 | 1,669 | $152,580 | 0.08% |
| 93 | MCDONALDS CORP | MCD | 500 | $151,945 | 0.08% |
| 94 | HONEYWELL INTL INC | 438516106 | 716 | $150,718 | 0.08% |
| 95 | ISHARES TR | 46435G532 | 1,810 | $150,592 | 0.08% |
| 96 | FIRST TR EXCHANGE-TRADED FD | 33738D309 | 3,270 | $149,096 | 0.08% |
| 97 | YUM BRANDS INC | YUM | 970 | $147,440 | 0.08% |
| 98 | ZOETIS INC | ZTS | 1,000 | $146,320 | 0.08% |
| 99 | ASTRAZENECA PLC | AZN | 1,900 | $145,768 | 0.08% |
| 100 | SCHWAB STRATEGIC TR | 808524870 | 5,398 | $145,042 | 0.08% |
| 101 | MONDELEZ INTL INC | 609207105 | 2,300 | $143,681 | 0.08% |
| 102 | ISHARES TR | 46432F842 | 1,628 | $142,141 | 0.07% |
| 103 | CITIGROUP INC | C-PR | 1,400 | $142,100 | 0.07% |
| 104 | ALTRIA GROUP INC | MO | 2,100 | $138,726 | 0.07% |
| 105 | QUALCOMM INC | QCOM | 810 | $134,752 | 0.07% |
| 106 | 3M CO | MMM | 800 | $124,144 | 0.07% |
| 107 | AUTODESK INC | ADSK | 383 | $121,668 | 0.06% |
| 108 | VERIZON COMMUNICATIONS INC | VZ | 2,669 | $115,320 | 0.06% |
| 109 | ISHARES TR | 464288620 | 2,117 | $110,117 | 0.06% |
| 110 | INVESCO EXCH TRADED FD TR II | IVZ | 9,530 | $109,907 | 0.06% |
| 111 | ISHARES INC | 464286392 | 599 | $108,754 | 0.06% |
| 112 | COINBASE GLOBAL INC | COIN | 308 | $103,947 | 0.05% |
| 113 | ISHARES TR | 464288661 | 835 | $99,502 | 0.05% |
| 114 | EXXON MOBIL CORP | XOM | 871 | $98,205 | 0.05% |
| 115 | PEPSICO INC | PEP | 697 | $97,887 | 0.05% |
| 116 | VANGUARD SCOTTSDALE FDS | 92206C664 | 1,000 | $97,820 | 0.05% |
| 117 | ELI LILLY & CO | LLY | 126 | $96,138 | 0.05% |
| 118 | SELECT SECTOR SPDR TR | 81369Y852 | 801 | $94,814 | 0.05% |
| 119 | ISHARES INC | 464286806 | 2,223 | $92,499 | 0.05% |
| 120 | GALLAGHER ARTHUR J & CO | 363576109 | 291 | $90,134 | 0.05% |
| 121 | VANGUARD BD INDEX FDS | 921937793 | 1,230 | $86,819 | 0.05% |
| 122 | SALESFORCE INC | CRM | 326 | $77,262 | 0.04% |
| 123 | CVS HEALTH CORP | CVS | 1,000 | $74,779 | 0.04% |
| 124 | PHILIP MORRIS INTL INC | 718172109 | 460 | $73,917 | 0.04% |
| 125 | ISHARES TR | 464287150 | 497 | $72,388 | 0.04% |
| 126 | MERCK & CO INC | MRK | 788 | $66,137 | 0.03% |
| 127 | WALMART INC | WMT | 636 | $65,546 | 0.03% |
| 128 | ISHARES SILVER TR | SLV | 1,475 | $62,496 | 0.03% |
| 129 | ALIBABA GROUP HLDG LTD | BBAAY | 348 | $62,198 | 0.03% |
| 130 | THE CIGNA GROUP | 125523100 | 210 | $60,533 | 0.03% |
| 131 | PROCTER AND GAMBLE CO | 742718109 | 378 | $57,676 | 0.03% |
| 132 | GOLDMAN SACHS GROUP INC | GSCE | 72 | $57,337 | 0.03% |
| 133 | VANGUARD BD INDEX FDS | 921937819 | 735 | $57,205 | 0.03% |
| 134 | LITMAN GREGORY FDS TR | 53700T827 | 2,020 | $55,166 | 0.03% |
| 135 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 109 | $54,799 | 0.03% |
| 136 | ISHARES INC | 464286608 | 880 | $54,507 | 0.03% |
| 137 | APPLOVIN CORP | APP | 75 | $53,891 | 0.03% |
| 138 | WELLS FARGO CO NEW | 949746101 | 635 | $53,226 | 0.03% |
| 139 | CARRIER GLOBAL CORPORATION | CARR | 890 | $52,929 | 0.03% |
| 140 | INVESCO EXCH TRADED FD TR II | IVZ | 2,140 | $52,446 | 0.03% |
| 141 | ISHARES BITCOIN TRUST ETF | IBIT | 805 | $52,325 | 0.03% |
| 142 | WISDOMTREE TR | WT | 1,022 | $51,509 | 0.03% |
| 143 | VANECK ETF TRUST | 92189F726 | 310 | $51,362 | 0.03% |
| 144 | NETFLIX INC | NFLX | 42 | $50,355 | 0.03% |
| 145 | INTUITIVE SURGICAL INC | ISRG | 110 | $49,195 | 0.03% |
| 146 | AT&T INC | T-PC | 1,745 | $48,755 | 0.03% |
| 147 | MARRIOTT INTL INC NEW | 571903202 | 182 | $47,400 | 0.02% |
| 148 | BAKER HUGHES COMPANY | BKR | 953 | $46,430 | 0.02% |
| 149 | CHEVRON CORP NEW | CVX | 295 | $45,811 | 0.02% |
| 150 | ISHARES TR | 46434V407 | 1,040 | $44,774 | 0.02% |
| 151 | INTEL CORP | INTC | 1,310 | $43,951 | 0.02% |
| 152 | ISHARES INC | 46434G103 | 660 | $43,507 | 0.02% |
| 153 | ISHARES INC | 46434G822 | 524 | $42,030 | 0.02% |
| 154 | TOTALENERGIES SE | TTE | 700 | $41,783 | 0.02% |
| 155 | DEERE & CO | DE | 90 | $41,153 | 0.02% |
| 156 | WISDOMTREE TR | WT | 320 | $40,970 | 0.02% |
| 157 | ISHARES TR | 464287234 | 750 | $40,050 | 0.02% |
| 158 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 576 | $39,635 | 0.02% |
| 159 | LENNAR CORP | LEN-B | 309 | $38,781 | 0.02% |
| 160 | GLOBAL X FDS | 37954Y715 | 1,085 | $38,442 | 0.02% |
| 161 | ADVANCED MICRO DEVICES INC | AMD | 235 | $38,021 | 0.02% |
| 162 | PALANTIR TECHNOLOGIES INC | PLTR | 200 | $36,484 | 0.02% |
| 163 | FIRST TR EXCHANGE TRADED FD | 33734X192 | 270 | $36,293 | 0.02% |
| 164 | FORTINET INC | FTNT | 426 | $35,818 | 0.02% |
| 165 | HUNTINGTON BANCSHARES INC | HBANP | 2,060 | $35,576 | 0.02% |
| 166 | HOME DEPOT INC | HD | 87 | $35,252 | 0.02% |
| 167 | GLOBAL X FDS | 37954Y871 | 715 | $34,084 | 0.02% |
| 168 | CISCO SYS INC | CSCO | 500 | $34,005 | 0.02% |
| 169 | RTX CORPORATION | RTX | 201 | $33,633 | 0.02% |
| 170 | KLA CORP | KLAC | 31 | $33,437 | 0.02% |
| 171 | ANALOG DEVICES INC | ADI | 135 | $33,170 | 0.02% |
| 172 | SERVICENOW INC | NOW | 36 | $33,130 | 0.02% |
| 173 | ISHARES TR | 464288240 | 499 | $32,440 | 0.02% |
| 174 | AMPHENOL CORP NEW | 032095101 | 260 | $32,175 | 0.02% |
| 175 | ORACLE CORP | ORCL-PD | 109 | $30,602 | 0.02% |
| 176 | ISHARES TR | 46432F834 | 369 | $30,472 | 0.02% |
| 177 | ADOBE INC | ADBE | 85 | $29,984 | 0.02% |
| 178 | COSTCO WHSL CORP NEW | 22160K105 | 31 | $28,695 | 0.02% |
| 179 | CORNING INC | GLW | 345 | $28,300 | 0.01% |
| 180 | NIKE INC | NKE | 400 | $27,892 | 0.01% |
| 181 | PFIZER INC | PFE | 1,000 | $25,480 | 0.01% |
| 182 | KINDER MORGAN INC DEL | EP-PC | 895 | $25,337 | 0.01% |
| 183 | QUANTUMSCAPE CORP | QS | 2,000 | $24,640 | 0.01% |
| 184 | UBER TECHNOLOGIES INC | UBER | 251 | $24,590 | 0.01% |
| 185 | SOUTHERN CO | SOMN | 246 | $23,313 | 0.01% |
| 186 | SCHWAB CHARLES CORP | SCHW-PJ | 235 | $22,435 | 0.01% |
| 187 | DANAHER CORPORATION | 235851102 | 110 | $21,809 | 0.01% |
| 188 | ISHARES TR | 464288687 | 641 | $20,159 | 0.01% |
| 189 | GE VERNOVA INC | GEV | 32 | $19,669 | 0.01% |
| 190 | ISHARES TR | 464288513 | 239 | $19,313 | 0.01% |
| 191 | GRAYSCALE BITCOIN MINI TR ET | 389930207 | 365 | $18,480 | 0.01% |
| 192 | DBX ETF TR | 233051879 | 550 | $18,139 | 0.01% |
| 193 | DISNEY WALT CO | 254687106 | 157 | $17,977 | 0.01% |
| 194 | ISHARES ETHEREUM TR | 46438R105 | 550 | $17,331 | 0.01% |
| 195 | LULULEMON ATHLETICA INC | LULU | 97 | $17,259 | 0.01% |
| 196 | WASTE MGMT INC DEL | 94106L109 | 72 | $15,900 | 0.01% |
| 197 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 55 | $15,361 | 0.01% |
| 198 | EBAY INC. | EBAY | 165 | $15,007 | 0.01% |
| 199 | STARBUCKS CORP | SBUX | 170 | $14,382 | 0.01% |
| 200 | T-MOBILE US INC | TMUSZ | 59 | $14,123 | 0.01% |
| 201 | PROGRESSIVE CORP | 743315103 | 54 | $13,330 | 0.01% |
| 202 | BAIDU INC | BAIDF | 100 | $13,177 | 0.01% |
| 203 | VERALTO CORP | VLTO | 120 | $12,793 | 0.01% |
| 204 | VEEVA SYS INC | VEEV | 40 | $11,916 | 0.01% |
| 205 | CSX CORP | CSX | 333 | $11,825 | 0.01% |
| 206 | EOG RES INC | EOG | 106 | $11,772 | 0.01% |
| 207 | CHIPOTLE MEXICAN GRILL INC | CMG | 300 | $11,757 | 0.01% |
| 208 | HUMANA INC | HUM | 45 | $11,708 | 0.01% |
| 209 | GLOBAL X FDS | 37954Y491 | 260 | $11,635 | 0.01% |
| 210 | MCKESSON CORP | MCK | 15 | $11,588 | 0.01% |
| 211 | UNITEDHEALTH GROUP INC | UNH | 33 | $11,395 | 0.01% |
| 212 | WEC ENERGY GROUP INC | WEC | 85 | $9,740 | 0.01% |
| 213 | VERTEX PHARMACEUTICALS INC | VRTX | 23 | $9,008 | 0.00% |
| 214 | VANGUARD TAX-MANAGED FDS | 921943858 | 146 | $8,748 | 0.00% |
| 215 | ISHARES INC | 464286210 | 155 | $8,620 | 0.00% |
| 216 | UNITED RENTALS INC | URI | 9 | $8,592 | 0.00% |
| 217 | AUTOZONE INC | AZO | 2 | $8,580 | 0.00% |
| 218 | FRANKLIN TEMPLETON ETF TR | FGDL | 225 | $8,390 | 0.00% |
| 219 | S&P GLOBAL INC | SPGI | 17 | $8,274 | 0.00% |
| 220 | CORTEVA INC | CTVA | 117 | $7,913 | 0.00% |
| 221 | LABCORP HOLDINGS INC | LH | 27 | $7,751 | 0.00% |
| 222 | DIGITAL RLTY TR INC | 253868103 | 42 | $7,261 | 0.00% |
| 223 | DOLLAR TREE INC | DLTR | 74 | $6,983 | 0.00% |
| 224 | OTIS WORLDWIDE CORP | OTIS | 75 | $6,857 | 0.00% |
| 225 | AMEREN CORP | AEE | 64 | $6,680 | 0.00% |
| 226 | APPLIED MATLS INC | 038222105 | 28 | $5,733 | 0.00% |
| 227 | BOOZ ALLEN HAMILTON HLDG COR | BAH | 48 | $4,798 | 0.00% |
| 228 | SCHLUMBERGER LTD | SLB | 80 | $2,750 | 0.00% |
| 229 | OREILLY AUTOMOTIVE INC | 67103H107 | 15 | $1,617 | 0.00% |