13F HOLDINGS REPORT
LFA - Lugano Financial Advisors SA
Quarter ended Q4 2025 · Filed January 29, 2026 · Accession 0001737871-26-000001
Total Value
$193.7M
Positions
235
Other Managers
0
Confidential Omitted
No
Holdings (235)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 38,944 | $26.6M | 13.71% |
| 2 | ISHARES TR | 46435G516 | 229,552 | $21.8M | 11.27% |
| 3 | SPDR GOLD TR | GLD | 31,384 | $12.4M | 6.42% |
| 4 | ISHARES TR | 46435G243 | 457,113 | $11.5M | 5.96% |
| 5 | SCHWAB STRATEGIC TR | 808524730 | 213,157 | $7.7M | 3.97% |
| 6 | VANGUARD WHITEHALL FDS | 921946885 | 76,896 | $5.2M | 2.68% |
| 7 | ISHARES TR | 464288638 | 91,298 | $4.9M | 2.54% |
| 8 | FIRST TR EXCH TRADED FD III | 33739P103 | 59,301 | $4.2M | 2.17% |
| 9 | FIRST TR EXCHANGE-TRADED FD | 33741X102 | 106,958 | $4.1M | 2.12% |
| 10 | SPDR SERIES TRUST | 78464A151 | 125,422 | $4.0M | 2.08% |
| 11 | VANGUARD SCOTTSDALE FDS | 92206C409 | 50,020 | $4.0M | 2.06% |
| 12 | ISHARES TR | 46436E205 | 151,513 | $3.5M | 1.83% |
| 13 | ISHARES TR | 46436E718 | 35,061 | $3.5M | 1.82% |
| 14 | ISHARES TR | 464288653 | 33,915 | $3.4M | 1.78% |
| 15 | NEW YORK LIFE INVESTMENTS ET | 45409B107 | 99,176 | $3.3M | 1.72% |
| 16 | VANGUARD SCOTTSDALE FDS | 92206C706 | 54,042 | $3.2M | 1.67% |
| 17 | SPDR SERIES TRUST | 78468R408 | 123,784 | $3.1M | 1.62% |
| 18 | MICROSOFT CORP | MSFT | 6,378 | $3.1M | 1.59% |
| 19 | INVESCO QQQ TR | IVZ | 4,637 | $2.8M | 1.47% |
| 20 | ISHARES TR | 464287440 | 28,863 | $2.8M | 1.43% |
| 21 | VANECK ETF TRUST | 92189F106 | 32,318 | $2.8M | 1.43% |
| 22 | AMAZON COM INC | AMZN | 11,455 | $2.6M | 1.37% |
| 23 | FIRST TR EXCHANGE TRADED FD | 33734X846 | 36,927 | $2.6M | 1.36% |
| 24 | SPDR INDEX SHS FDS | 78463X202 | 39,464 | $2.5M | 1.31% |
| 25 | ISHARES TR | 46435U515 | 93,268 | $2.4M | 1.23% |
| 26 | ISHARES TR | 464287457 | 24,548 | $2.0M | 1.05% |
| 27 | ISHARES TR | 46436E726 | 87,762 | $1.9M | 1.00% |
| 28 | ISHARES TR | 464287465 | 19,699 | $1.9M | 0.98% |
| 29 | ISHARES TR | 46429B291 | 38,309 | $1.8M | 0.95% |
| 30 | ISHARES INC | 464286749 | 29,095 | $1.7M | 0.90% |
| 31 | VANGUARD WORLD FD | 921910725 | 23,684 | $1.7M | 0.88% |
| 32 | SPDR SERIES TRUST | 78464A359 | 14,651 | $1.3M | 0.67% |
| 33 | ISHARES TR | 464288281 | 12,937 | $1.2M | 0.64% |
| 34 | APPLE INC | AAPL | 4,542 | $1.2M | 0.64% |
| 35 | ALPHABET INC | GOOG | 3,447 | $1.1M | 0.56% |
| 36 | INVESCO EXCHANGE TRADED FD T | IVZ | 15,906 | $1.1M | 0.55% |
| 37 | GLOBAL X FDS | 37960A180 | 31,504 | $1.0M | 0.54% |
| 38 | VANGUARD WORLD FD | 92204A702 | 1,350 | $1.0M | 0.53% |
| 39 | ALPHABET INC | GOOG | 2,413 | $755,269 | 0.39% |
| 40 | SCHWAB STRATEGIC TR | 808524805 | 31,104 | $747,740 | 0.39% |
| 41 | VANGUARD WORLD FD | 92204A504 | 2,550 | $734,018 | 0.38% |
| 42 | CATERPILLAR INC | CAT | 1,250 | $714,416 | 0.37% |
| 43 | ISHARES TR | 46435G334 | 15,869 | $697,919 | 0.36% |
| 44 | NVIDIA CORPORATION | NVDA | 3,373 | $629,065 | 0.32% |
| 45 | INVESCO ACTVELY MNGD ETC FD | IVZ | 45,565 | $603,736 | 0.31% |
| 46 | SELECT SECTOR SPDR TR | 81369Y704 | 3,500 | $542,920 | 0.28% |
| 47 | VANGUARD SCOTTSDALE FDS | 92206C813 | 7,004 | $531,253 | 0.27% |
| 48 | JPMORGAN CHASE & CO. | VYLD | 1,624 | $520,936 | 0.27% |
| 49 | INVESCO EXCH TRADED FD TR II | IVZ | 11,497 | $507,619 | 0.26% |
| 50 | FIRST TR EXCH TRADED FD III | 33739P855 | 24,000 | $463,174 | 0.24% |
| 51 | SELECT SECTOR SPDR TR | 81369Y605 | 7,300 | $399,821 | 0.21% |
| 52 | ISHARES INC | 46434G863 | 8,774 | $387,548 | 0.20% |
| 53 | VISA INC | V | 1,091 | $382,625 | 0.20% |
| 54 | KKR & CO INC | KKRT | 2,850 | $363,318 | 0.19% |
| 55 | ISHARES TR | 46434V886 | 6,868 | $361,933 | 0.19% |
| 56 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,878 | $359,750 | 0.19% |
| 57 | ABBOTT LABS | ABLZF | 2,707 | $337,451 | 0.17% |
| 58 | ISHARES GOLD TR | IAU | 3,893 | $315,995 | 0.16% |
| 59 | SELECT SECTOR SPDR TR | 81369Y308 | 4,000 | $310,720 | 0.16% |
| 60 | SELECT SECTOR SPDR TR | 81369Y407 | 2,600 | $310,466 | 0.16% |
| 61 | META PLATFORMS INC | META | 468 | $308,922 | 0.16% |
| 62 | ISHARES TR | 464288760 | 1,437 | $308,510 | 0.16% |
| 63 | BLACKSTONE INC | BX | 2,000 | $308,280 | 0.16% |
| 64 | VANGUARD INTL EQUITY INDEX F | 922042858 | 5,621 | $302,185 | 0.16% |
| 65 | ISHARES TR | 464287408 | 1,400 | $296,898 | 0.15% |
| 66 | BOOKING HOLDINGS INC | BKNG | 53 | $283,832 | 0.15% |
| 67 | ABBVIE INC | ABBV | 1,240 | $281,066 | 0.15% |
| 68 | ISHARES INC | 46434G764 | 3,547 | $257,796 | 0.13% |
| 69 | ISHARES TR | 464288224 | 15,619 | $256,620 | 0.13% |
| 70 | BANK AMERICA CORP | 060505104 | 4,571 | $251,405 | 0.13% |
| 71 | RESMED INC | RSMDF | 1,018 | $245,206 | 0.13% |
| 72 | COCA COLA CO | KO | 3,492 | $244,126 | 0.13% |
| 73 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 500 | $240,198 | 0.12% |
| 74 | MASTERCARD INCORPORATED | MA | 418 | $238,270 | 0.12% |
| 75 | SELECT SECTOR SPDR TR | 81369Y803 | 1,626 | $234,095 | 0.12% |
| 76 | VANGUARD INDEX FDS | 922908629 | 800 | $232,176 | 0.12% |
| 77 | TESLA INC | TSLA | 506 | $227,558 | 0.12% |
| 78 | VANGUARD WHITEHALL FDS | 921946406 | 1,555 | $223,174 | 0.12% |
| 79 | ISHARES TR | 46435G532 | 2,522 | $212,414 | 0.11% |
| 80 | ISHARES TR | 464287556 | 1,200 | $202,524 | 0.10% |
| 81 | VANGUARD INTL EQUITY INDEX F | 922042775 | 2,680 | $197,141 | 0.10% |
| 82 | ISHARES TR | 464287655 | 795 | $195,697 | 0.10% |
| 83 | VANGUARD BD INDEX FDS | 921937835 | 2,575 | $190,730 | 0.10% |
| 84 | ISHARES TR | 464288802 | 1,343 | $187,140 | 0.10% |
| 85 | BROADCOM INC | AVGO | 536 | $185,510 | 0.10% |
| 86 | SPDR SERIES TRUST | 78464A334 | 6,457 | $176,986 | 0.09% |
| 87 | ISHARES TR | 464287200 | 257 | $176,030 | 0.09% |
| 88 | ASTRAZENECA PLC | AZN | 1,900 | $174,667 | 0.09% |
| 89 | VANGUARD CHARLOTTE FDS | 92203J407 | 3,513 | $169,748 | 0.09% |
| 90 | CITIGROUP INC | C-PR | 1,400 | $163,366 | 0.08% |
| 91 | AMERICAN ELEC PWR CO INC | 025537101 | 1,412 | $162,818 | 0.08% |
| 92 | VANGUARD BD INDEX FDS | 921937827 | 2,056 | $162,033 | 0.08% |
| 93 | ISHARES INC | 464286178 | 3,373 | $155,596 | 0.08% |
| 94 | SPDR SERIES TRUST | 78464A391 | 7,185 | $153,543 | 0.08% |
| 95 | MCDONALDS CORP | MCD | 500 | $152,815 | 0.08% |
| 96 | FIRST TR EXCHANGE-TRADED FD | 33738D309 | 3,270 | $149,245 | 0.08% |
| 97 | VANGUARD INDEX FDS | 922908553 | 1,669 | $147,690 | 0.08% |
| 98 | YUM BRANDS INC | YUM | 970 | $146,742 | 0.08% |
| 99 | ISHARES TR | 46432F842 | 1,628 | $145,641 | 0.08% |
| 100 | SCHWAB STRATEGIC TR | 808524870 | 5,398 | $142,993 | 0.07% |
| 101 | HONEYWELL INTL INC | 438516106 | 716 | $139,684 | 0.07% |
| 102 | QUALCOMM INC | QCOM | 810 | $138,551 | 0.07% |
| 103 | ELI LILLY & CO | LLY | 126 | $135,410 | 0.07% |
| 104 | BROADRIDGE FINL SOLUTIONS IN | 11133T103 | 594 | $132,563 | 0.07% |
| 105 | INVESCO EXCH TRADED FD TR II | IVZ | 2,063 | $129,992 | 0.07% |
| 106 | VANGUARD TAX-MANAGED FDS | 921943858 | 2,040 | $127,439 | 0.07% |
| 107 | KRANESHARES TRUST | 500767850 | 4,696 | $126,745 | 0.07% |
| 108 | EXXON MOBIL CORP | XOM | 1,051 | $126,477 | 0.07% |
| 109 | GRAYSCALE BITCOIN TRUST ETF | GBTC | 1,835 | $125,441 | 0.06% |
| 110 | ZOETIS INC | ZTS | 1,000 | $125,285 | 0.06% |
| 111 | MONDELEZ INTL INC | 609207105 | 2,300 | $123,809 | 0.06% |
| 112 | INVESCO EXCH TRADED FD TR II | IVZ | 5,067 | $122,766 | 0.06% |
| 113 | ISHARES TR | 464288687 | 3,960 | $122,602 | 0.06% |
| 114 | ALTRIA GROUP INC | MO | 2,100 | $121,086 | 0.06% |
| 115 | VANGUARD SCOTTSDALE FDS | 92206C870 | 1,441 | $120,684 | 0.06% |
| 116 | AUTODESK INC | ADSK | 383 | $113,372 | 0.06% |
| 117 | ISHARES INC | 464286392 | 599 | $111,276 | 0.06% |
| 118 | ISHARES TR | 464288620 | 2,117 | $109,597 | 0.06% |
| 119 | ISHARES SILVER TR | SLV | 1,667 | $107,388 | 0.06% |
| 120 | INVESCO EXCH TRADED FD TR II | IVZ | 9,530 | $106,519 | 0.05% |
| 121 | PEPSICO INC | PEP | 697 | $100,033 | 0.05% |
| 122 | ISHARES TR | 464288661 | 835 | $99,657 | 0.05% |
| 123 | VANGUARD SCOTTSDALE FDS | 92206C664 | 1,000 | $99,520 | 0.05% |
| 124 | ISHARES INC | 464286806 | 2,223 | $94,478 | 0.05% |
| 125 | SELECT SECTOR SPDR TR | 81369Y852 | 801 | $94,294 | 0.05% |
| 126 | VERIZON COMMUNICATIONS INC | VZ | 2,169 | $86,837 | 0.04% |
| 127 | SALESFORCE INC | CRM | 326 | $86,361 | 0.04% |
| 128 | VANGUARD BD INDEX FDS | 921937793 | 1,230 | $85,510 | 0.04% |
| 129 | LITMAN GREGORY FDS TR | 53700T827 | 3,033 | $85,106 | 0.04% |
| 130 | 3M CO | MMM | 530 | $84,853 | 0.04% |
| 131 | MERCK & CO INC | MRK | 788 | $82,945 | 0.04% |
| 132 | GALLAGHER ARTHUR J & CO | 363576109 | 291 | $75,308 | 0.04% |
| 133 | INVESCO EXCH TRADED FD TR II | IVZ | 3,570 | $74,586 | 0.04% |
| 134 | ISHARES TR | 464287150 | 497 | $73,899 | 0.04% |
| 135 | PHILIP MORRIS INTL INC | 718172109 | 460 | $73,784 | 0.04% |
| 136 | WALMART INC | WMT | 636 | $70,857 | 0.04% |
| 137 | COINBASE GLOBAL INC | COIN | 308 | $69,651 | 0.04% |
| 138 | GOLDMAN SACHS GROUP INC | GSCE | 72 | $63,288 | 0.03% |
| 139 | INTUITIVE SURGICAL INC | ISRG | 110 | $62,300 | 0.03% |
| 140 | ISHARES TR | 464287234 | 1,128 | $61,713 | 0.03% |
| 141 | ISHARES BITCOIN TRUST ETF | IBIT | 1,193 | $59,232 | 0.03% |
| 142 | WELLS FARGO CO NEW | 949746101 | 635 | $59,182 | 0.03% |
| 143 | VANECK ETF TRUST | 92189F726 | 310 | $58,672 | 0.03% |
| 144 | VANGUARD BD INDEX FDS | 921937819 | 735 | $57,242 | 0.03% |
| 145 | MARRIOTT INTL INC NEW | 571903202 | 182 | $56,464 | 0.03% |
| 146 | ISHARES INC | 46434G822 | 696 | $56,195 | 0.03% |
| 147 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 109 | $54,789 | 0.03% |
| 148 | WISDOMTREE TR | WT | 1,022 | $54,227 | 0.03% |
| 149 | PROCTER AND GAMBLE CO | 742718109 | 378 | $53,789 | 0.03% |
| 150 | HOME DEPOT INC | HD | 156 | $53,680 | 0.03% |
| 151 | ALIBABA GROUP HLDG LTD | BBAAY | 348 | $51,010 | 0.03% |
| 152 | APPLOVIN CORP | APP | 75 | $50,537 | 0.03% |
| 153 | ADVANCED MICRO DEVICES INC | AMD | 235 | $50,328 | 0.03% |
| 154 | INTEL CORP | INTC | 1,310 | $48,339 | 0.02% |
| 155 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 155 | $47,103 | 0.02% |
| 156 | CARRIER GLOBAL CORPORATION | CARR | 890 | $46,827 | 0.02% |
| 157 | WISDOMTREE TR | WT | 320 | $46,131 | 0.02% |
| 158 | CHEVRON CORP NEW | CVX | 295 | $44,961 | 0.02% |
| 159 | ISHARES TR | 46434V407 | 1,040 | $44,585 | 0.02% |
| 160 | ISHARES INC | 46434G103 | 660 | $44,365 | 0.02% |
| 161 | BAKER HUGHES COMPANY | BKR | 953 | $43,400 | 0.02% |
| 162 | AT&T INC | T-PC | 1,745 | $42,844 | 0.02% |
| 163 | DEERE & CO | DE | 90 | $41,901 | 0.02% |
| 164 | NETFLIX INC | NFLX | 420 | $39,379 | 0.02% |
| 165 | GLOBAL X FDS | 37954Y715 | 1,085 | $39,310 | 0.02% |
| 166 | ISHARES TR | 464288679 | 356 | $39,213 | 0.02% |
| 167 | CISCO SYS INC | CSCO | 500 | $38,310 | 0.02% |
| 168 | KLA CORP | KLAC | 31 | $37,667 | 0.02% |
| 169 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 576 | $37,043 | 0.02% |
| 170 | RTX CORPORATION | RTX | 201 | $36,863 | 0.02% |
| 171 | ANALOG DEVICES INC | ADI | 135 | $36,612 | 0.02% |
| 172 | ISHARES TR | 464287176 | 330 | $36,270 | 0.02% |
| 173 | HUNTINGTON BANCSHARES INC | HBANP | 2,060 | $35,741 | 0.02% |
| 174 | PALANTIR TECHNOLOGIES INC | PLTR | 200 | $35,550 | 0.02% |
| 175 | AMPHENOL CORP NEW | 032095101 | 260 | $35,136 | 0.02% |
| 176 | FIRST TR EXCHANGE TRADED FD | 33734X192 | 270 | $35,122 | 0.02% |
| 177 | ADVENT CONV & INCOME FD | 00764C109 | 2,759 | $34,283 | 0.02% |
| 178 | FORTINET INC | FTNT | 426 | $33,829 | 0.02% |
| 179 | ISHARES TR | 464288240 | 499 | $33,498 | 0.02% |
| 180 | BLACKROCK INC | BLK | 30 | $32,110 | 0.02% |
| 181 | LENNAR CORP | LEN-B | 309 | $31,765 | 0.02% |
| 182 | ISHARES TR | 46432F834 | 369 | $31,232 | 0.02% |
| 183 | INTERNATIONAL BUSINESS MACHS | INTR | 105 | $31,102 | 0.02% |
| 184 | GLOBAL X FDS | 37954Y871 | 715 | $30,552 | 0.02% |
| 185 | CORNING INC | GLW | 345 | $30,208 | 0.02% |
| 186 | ADOBE INC | ADBE | 85 | $29,749 | 0.02% |
| 187 | SERVICENOW INC | NOW | 180 | $27,574 | 0.01% |
| 188 | COSTCO WHSL CORP NEW | 22160K105 | 31 | $26,733 | 0.01% |
| 189 | DANAHER CORPORATION | 235851102 | 110 | $25,181 | 0.01% |
| 190 | KINDER MORGAN INC DEL | EP-PC | 895 | $24,604 | 0.01% |
| 191 | SCHWAB CHARLES CORP | SCHW-PJ | 235 | $23,479 | 0.01% |
| 192 | SOUTHERN CO | SOMN | 246 | $21,451 | 0.01% |
| 193 | ORACLE CORP | ORCL-PD | 109 | $21,189 | 0.01% |
| 194 | GE VERNOVA INC | GEV | 32 | $20,899 | 0.01% |
| 195 | GLOBAL X FDS | 37954Y491 | 453 | $20,666 | 0.01% |
| 196 | LULULEMON ATHLETICA INC | LULU | 97 | $20,158 | 0.01% |
| 197 | ISHARES TR | 464288513 | 239 | $19,271 | 0.01% |
| 198 | DBX ETF TR | 233051879 | 550 | $18,068 | 0.01% |
| 199 | DISNEY WALT CO | 254687106 | 157 | $17,862 | 0.01% |
| 200 | FRANKLIN TEMPLETON ETF TR | FGDL | 450 | $17,366 | 0.01% |
| 201 | ISHARES INC | 464286210 | 313 | $16,681 | 0.01% |
| 202 | WASTE MGMT INC DEL | 94106L109 | 72 | $15,819 | 0.01% |
| 203 | EBAY INC. | EBAY | 165 | $14,372 | 0.01% |
| 204 | STARBUCKS CORP | SBUX | 170 | $14,316 | 0.01% |
| 205 | GRAYSCALE BITCOIN MINI TR ET | 389930207 | 365 | $14,136 | 0.01% |
| 206 | BAIDU INC | BAIDF | 100 | $13,066 | 0.01% |
| 207 | ISHARES INC | 464286608 | 197 | $12,628 | 0.01% |
| 208 | ISHARES ETHEREUM TR | 46438R105 | 550 | $12,337 | 0.01% |
| 209 | MCKESSON CORP | MCK | 15 | $12,304 | 0.01% |
| 210 | CSX CORP | CSX | 333 | $12,071 | 0.01% |
| 211 | T-MOBILE US INC | TMUSZ | 59 | $11,979 | 0.01% |
| 212 | VERALTO CORP | VLTO | 120 | $11,974 | 0.01% |
| 213 | UBER TECHNOLOGIES INC | UBER | 146 | $11,930 | 0.01% |
| 214 | PROGRESSIVE CORP | 743315103 | 54 | $11,563 | 0.01% |
| 215 | HUMANA INC | HUM | 45 | $11,526 | 0.01% |
| 216 | CHIPOTLE MEXICAN GRILL INC | CMG | 300 | $11,100 | 0.01% |
| 217 | EOG RES INC | EOG | 106 | $11,026 | 0.01% |
| 218 | CVS HEALTH CORP | CVS | 140 | $11,020 | 0.01% |
| 219 | UNITEDHEALTH GROUP INC | UNH | 33 | $10,894 | 0.01% |
| 220 | VERTEX PHARMACEUTICALS INC | VRTX | 23 | $10,427 | 0.01% |
| 221 | DOLLAR TREE INC | DLTR | 74 | $9,103 | 0.00% |
| 222 | WEC ENERGY GROUP INC | WEC | 85 | $8,964 | 0.00% |
| 223 | S&P GLOBAL INC | SPGI | 17 | $8,884 | 0.00% |
| 224 | CORTEVA INC | CTVA | 117 | $7,843 | 0.00% |
| 225 | SOLSTICE ADVANCED MATLS INC | 83443Q103 | 150 | $7,287 | 0.00% |
| 226 | UNITED RENTALS INC | URI | 9 | $7,284 | 0.00% |
| 227 | APPLIED MATLS INC | 038222105 | 28 | $7,196 | 0.00% |
| 228 | AUTOZONE INC | AZO | 2 | $6,783 | 0.00% |
| 229 | LABCORP HOLDINGS INC | LH | 27 | $6,774 | 0.00% |
| 230 | OTIS WORLDWIDE CORP | OTIS | 75 | $6,551 | 0.00% |
| 231 | DIGITAL RLTY TR INC | 253868103 | 42 | $6,498 | 0.00% |
| 232 | AMEREN CORP | AEE | 64 | $6,391 | 0.00% |
| 233 | BOOZ ALLEN HAMILTON HLDG COR | BAH | 48 | $4,049 | 0.00% |
| 234 | SLB LIMITED | SLB | 80 | $3,070 | 0.00% |
| 235 | OREILLY AUTOMOTIVE INC | 67103H107 | 15 | $1,368 | 0.00% |