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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

TRAPHAGEN INVESTMENT ADVISORS LLC

Quarter ended Q1 2025 · Filed April 17, 2025 · Accession 0002023380-25-000002

Total Value
$958.0M
Positions
183
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (183)

#IssuerTicker / CUSIPSharesValue% of Filing
1ISHARES TR464287200425,729$239.2M24.97%
2AMERICAN CENTY ETF TR0250728851,180,542$109.1M11.38%
3VICTORY PORTFOLIOS II92647X8302,099,116$72.0M7.51%
4ISHARES TR46436E3382,403,657$57.8M6.04%
5PACER FDS TR69374H3601,536,689$47.3M4.94%
6FIRST TR EXCHANGE TRADED FD33737A108345,410$39.1M4.08%
7VANGUARD SCOTTSDALE FDS92206C706556,957$33.1M3.45%
8JANUS DETROIT STR TR47103U845513,093$26.0M2.72%
9MANAGED PORTFOLIO SERIES56167N720692,171$25.2M2.63%
10APPLE INCAAPL104,302$23.2M2.42%
11ISHARES TR46436E718228,880$23.0M2.41%
12ISHARES TR464287457167,605$13.9M1.45%
13CME GROUP INCCME48,513$12.9M1.34%
14VANGUARD INDEX FDS92290836324,210$12.4M1.30%
15VANGUARD INDEX FDS92290876942,192$11.6M1.21%
16BERKSHIRE HATHAWAY INC DELBRK-A14$11.2M1.17%
17BITWISE BITCOIN ETF TRBITB221,918$10.0M1.04%
18INTERCONTINENTAL EXCHANGE IN45866F10456,227$9.7M1.01%
19ISHARES TR46436E577625,223$6.4M0.67%
20GRAYSCALE BITCOIN TRUST ETFGBTC92,986$6.1M0.63%
21MICROSOFT CORPMSFT15,346$5.8M0.60%
22PACER FDS TR69374H881103,962$5.7M0.59%
23GOLDMAN SACHS GROUP INCGSCE10,130$5.5M0.58%
24INVESCO EXCH TRADED FD TR IIIVZ228,677$5.3M0.55%
25PUBLIC SVC ENTERPRISE GRP IN74457310658,231$4.8M0.50%
26BERKSHIRE HATHAWAY INC DELBRK-A8,496$4.5M0.47%
27AMERICAN CENTY ETF TR02507287751,564$4.5M0.47%
28ISHARES TR46428841438,141$4.0M0.42%
29FIDELITY COVINGTON TRUST31609286569,016$3.5M0.37%
30NVIDIA CORPORATIONNVDA32,364$3.5M0.37%
31AMAZON COM INCAMZN17,932$3.4M0.36%
32JPMORGAN CHASE & CO.VYLD13,805$3.4M0.35%
33HOME DEPOT INCHD9,015$3.3M0.34%
34ISHARES TR46428754932,767$3.0M0.31%
35MICROSTRATEGY INCSTRK9,756$2.8M0.29%
36ISHARES TR46428866122,663$2.7M0.28%
37SCHWAB STRATEGIC TR808524201110,363$2.4M0.25%
38ISHARES TR46428743226,196$2.4M0.25%
39ISHARES BITCOIN TRUST ETFIBIT47,274$2.2M0.23%
40SPDR S&P 500 ETF TRSPY3,908$2.2M0.23%
41ALPHABET INCGOOG13,993$2.2M0.23%
42VISA INCV6,216$2.2M0.23%
43VERIZON COMMUNICATIONS INCVZ46,008$2.1M0.22%
44EA SERIES TRUST02072L68056,164$2.0M0.21%
45ABBVIE INCABBV9,635$2.0M0.21%
46SCHWAB STRATEGIC TR80852410287,419$1.9M0.20%
47COSTCO WHSL CORP NEW22160K1051,925$1.8M0.19%
48CHEVRON CORP NEWCVX10,456$1.7M0.18%
49ALPHABET INCGOOG10,860$1.7M0.18%
50META PLATFORMS INCMETA2,879$1.7M0.17%
51VANGUARD INDEX FDS9229086529,596$1.7M0.17%
52JOHNSON & JOHNSONJNJ9,893$1.6M0.17%
53CISCO SYS INCCSCO26,339$1.6M0.17%
54EXXON MOBIL CORPXOM13,646$1.6M0.17%
55MONDELEZ INTL INC60920710523,630$1.6M0.17%
56VANGUARD SPECIALIZED FUNDS9219088446,672$1.3M0.14%
57BECTON DICKINSON & COBDX5,643$1.3M0.13%
58CONSOLIDATED EDISON INCED11,454$1.3M0.13%
59AUTOMATIC DATA PROCESSING INADP3,974$1.2M0.13%
60WALMART INCWMT13,398$1.2M0.12%
61GOLDMAN SACHS ETF TRNVGLF19,830$1.2M0.12%
62GE AEROSPACE3696043015,804$1.2M0.12%
63FIDELITY COVINGTON TRUST3160928087,183$1.2M0.12%
64AT&T INCT-PC40,115$1.1M0.12%
65ORACLE CORPORCL-PD8,034$1.1M0.12%
66SPDR SER TR78468R66311,921$1.1M0.11%
67ELI LILLY & COLLY1,271$1.0M0.11%
68GRAYSCALE BITCOIN MINI TR ET38993020727,956$1.0M0.11%
69CATERPILLAR INCCAT3,082$1.0M0.11%
70COCA COLA COKO13,627$975,9340.10%
71ISHARES TR4642888028,275$950,5380.10%
72LOCKHEED MARTIN CORPLMT2,125$949,0630.10%
73ISHARES TR46428750716,107$939,8470.10%
74MASTERCARD INCORPORATEDMA1,696$929,7150.10%
75PROCTER AND GAMBLE CO7427181095,447$928,3080.10%
76TESLA INCTSLA3,515$910,8650.10%
77PHILIP MORRIS INTL INC7181721095,663$898,9280.09%
78INTERNATIONAL BUSINESS MACHSINTR3,585$891,3870.09%
79ISHARES TR46435G4257,220$880,2350.09%
80GOLDMAN SACHS ETF TRNVGLF7,960$876,2310.09%
81PEPSICO INCPEP5,823$873,0840.09%
82FIDELITY COVINGTON TRUST31609260012,499$853,9010.09%
83SCHWAB STRATEGIC TR80852479729,256$817,9970.09%
84INVESCO QQQ TRIVZ1,715$804,3790.08%
85DISNEY WALT CO2546871067,577$747,8450.08%
86AIR PRODS & CHEMS INCAIIR2,484$732,4930.08%
87MERCK & CO INCMRK8,103$727,3330.08%
88VANGUARD INDEX FDS9229086292,784$719,9980.08%
89TEXAS PACIFIC LAND CORPORATITPL539$713,7140.07%
90HONEYWELL INTL INC4385161063,317$702,3000.07%
91PFIZER INCPFE27,587$699,0620.07%
92ISHARES TR4642876141,907$688,7370.07%
93UNION PAC CORPUNP2,777$656,0030.07%
94ISHARES TR46429B6976,891$645,4490.07%
95AMERICAN EXPRESS COAXP2,368$637,2040.07%
96TJX COS INC NEW8725401095,187$631,7390.07%
97VANGUARD INDEX FDS9229086372,422$622,5640.06%
98LOWES COS INC5486611072,643$616,5050.06%
99UNITEDHEALTH GROUP INCUNH1,168$611,8880.06%
100AMERICAN CENTY ETF TR0250723499,208$600,4480.06%
101ABBOTT LABSABLZF4,426$587,1720.06%
102TEXAS INSTRS INC8825081043,232$580,7700.06%
103SPDR DOW JONES INDL AVERAGE78467X1091,367$574,0850.06%
104ISHARES TR4642871504,693$572,5460.06%
105FIDELITY COVINGTON TRUST31609A30518,165$572,1820.06%
106DUKE ENERGY CORP NEWDUKB4,665$569,0240.06%
107ISHARES TR4642885705,543$567,6260.06%
108EATON CORP PLCETN1,995$542,2160.06%
109DIMENSIONAL ETF TRUST25434V70815,754$519,7190.05%
110VANGUARD INDEX FDS9229087443,001$518,3140.05%
111NATIONAL FUEL GAS CONFG6,500$514,7350.05%
112BANK AMERICA CORP06050510411,944$498,4150.05%
113REGENERON PHARMACEUTICALSREGN770$488,2170.05%
114BLACKROCK INCBLK514$486,1470.05%
115VANGUARD WORLD FD9219108161,552$479,4860.05%
116MCDONALDS CORPMCD1,488$464,8630.05%
117WELLS FARGO CO NEW9497461016,448$462,8680.05%
118SPDR SER TR78464A28418,020$454,4540.05%
119RTX CORPORATIONRTX3,224$427,0980.04%
120AMGEN INCAMGN1,335$415,9140.04%
121GE VERNOVA INCGEV1,358$414,6970.04%
122COMCAST CORP NEWCCZ10,868$401,0380.04%
123KRAFT HEINZ COKHC13,094$398,4580.04%
124ISHARES TR4642874404,126$393,4690.04%
125ALIBABA GROUP HLDG LTDBBAAY2,959$391,3340.04%
126CROWDSTRIKE HLDGS INCCRWD1,090$384,1550.04%
127DIREXION SHS ETF TR25459Y2074,392$382,9650.04%
128BOOKING HOLDINGS INCBKNG83$382,3740.04%
129CSX CORPCSX12,328$362,8170.04%
130BROADRIDGE FINL SOLUTIONS IN11133T1031,444$350,0030.04%
131HERSHEY COHSY2,010$343,8310.04%
132MARKEL GROUP INCMKL182$340,2690.04%
133STRYKER CORPORATIONSYK899$334,7160.03%
134GILEAD SCIENCES INCGILD2,878$322,5070.03%
135UNILEVER PLCUNLYF5,388$320,8790.03%
136FASTENAL COFAST4,100$317,9550.03%
137BLACKSTONE INCBX2,225$310,9720.03%
138KLA CORPKLAC450$305,9100.03%
139ALTRIA GROUP INCMO4,969$298,2430.03%
140VANGUARD WORLD FD92204A2071,329$290,9060.03%
141VANECK ETF TRUST92189F43710,071$290,6550.03%
142UNITED PARCEL SERVICE INCUPS2,624$288,6590.03%
143NETFLIX INCNFLX299$278,9660.03%
144CONSTELLATION ENERGY CORPCEG1,358$273,7290.03%
145INTEL CORPINTC12,017$272,9120.03%
146SPDR SER TR78464A7631,999$271,2330.03%
147SCHWAB STRATEGIC TR80852430010,541$263,9540.03%
148VANGUARD STAR FDS9219097684,249$263,8750.03%
149SPDR SER TR78468R7472,301$262,5790.03%
150UBER TECHNOLOGIES INCUBER3,535$257,5600.03%
151S&P GLOBAL INCSPGI502$255,0680.03%
152INVESCO EXCHANGE TRADED FD TIVZ3,940$254,1880.03%
153BLACKROCK INVT QUALITY MUN TBLK22,115$254,1010.03%
154VANGUARD WORLD FD92204A702464$251,7540.03%
155ROPER TECHNOLOGIES INCROP415$244,7130.03%
156M & T BK CORP55261F1041,364$243,8550.03%
157KINDER MORGAN INC DELEP-PC8,499$242,4720.03%
158INVESCO EXCHANGE TRADED FD TIVZ1,399$242,3600.03%
159SOUTHERN COSOMN2,576$236,8400.02%
160DEERE & CODE505$236,8200.02%
161BOEING COBA-PA1,367$233,1560.02%
162ISHARES TR4642871681,702$228,5690.02%
163FIDELITY COVINGTON TRUST3160924028,894$227,2410.02%
164KIMBERLY-CLARK CORPKMB1,571$223,4710.02%
165ISHARES TR46435U5494,694$222,8840.02%
166ISHARES TR46432F3391,269$216,9150.02%
167T-MOBILE US INCTMUSZ806$214,8930.02%
168DARDEN RESTAURANTS INCDRI1,000$207,7600.02%
169SELECT SECTOR SPDR TR81369Y6054,150$206,7100.02%
170CITIGROUP INCC-PR2,908$206,4140.02%
171SCHWAB STRATEGIC TR8085248628,437$205,3570.02%
172BP PLCBPPFF6,066$204,9650.02%
173TARGET CORPTGT1,946$203,1090.02%
174ULTA BEAUTY INCULTA550$201,5970.02%
175FIRST TR EXCHANGE-TRADED FD33736G10610,236$153,6440.02%
176BLACKROCK MUNIHLDGS NJ QLTYBLK12,339$138,8150.01%
177IOVANCE BIOTHERAPEUTICS INCIOVA38,364$127,7530.01%
178EATON VANCE TAX-MANAGED GLOBETN12,250$99,7120.01%
179READY CAPITAL CORPRC-PE17,260$87,8560.01%
180AMC ENTMT HLDGS INC00165C30223,756$68,1800.01%
181CYTOMX THERAPEUTICS INCCTMX30,500$19,3920.00%
182OPKO HEALTH INCOPK11,680$19,3890.00%
183PERASO INCPRSO13,500$9,1940.00%