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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 Q2 2025 · Filed July 23, 2025 · Accession 0002023380-25-000006

Total Value
$1.06B
Positions
188
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (188)

#IssuerTicker / CUSIPSharesValue% of Filing
1ISHARES TR464287200455,887$283.1M26.81%
2AMERICAN CENTY ETF TR0250728851,215,138$122.5M11.60%
3VICTORY PORTFOLIOS II92647X8302,219,090$78.4M7.43%
4PACER FDS TR69374H3601,943,554$68.2M6.46%
5FIRST TR EXCHANGE TRADED FD33737A108346,174$48.1M4.56%
6JANUS DETROIT STR TR47103U845669,617$34.0M3.22%
7APPLE INCAAPL137,259$28.2M2.67%
8VANGUARD SCOTTSDALE FDS92206C706445,741$26.7M2.53%
9TORTOISE CAPITAL SERIES TRUS890930308697,588$24.9M2.36%
10ISHARES TR46436E718241,423$24.3M2.30%
11JANUS DETROIT STR TR47103U746437,176$23.0M2.18%
12VANECK ETF TRUST92189H649644,751$17.0M1.61%
13ISHARES TR464287457169,926$14.1M1.33%
14VANGUARD INDEX FDS92290836324,493$13.9M1.32%
15BITWISE BITCOIN ETF TRBITB235,616$13.8M1.31%
16VANGUARD INDEX FDS92290876945,052$13.7M1.30%
17CME GROUP INCCME48,515$13.4M1.27%
18INTERCONTINENTAL EXCHANGE IN45866F10456,225$10.3M0.98%
19BERKSHIRE HATHAWAY INC DELBRK-A14$10.2M0.97%
20GRAYSCALE BITCOIN TRUST ETFGBTC92,501$7.8M0.74%
21MICROSOFT CORPMSFT15,510$7.7M0.73%
22GOLDMAN SACHS GROUP INCGSCE10,128$7.2M0.68%
23NVIDIA CORPORATIONNVDA33,725$5.3M0.50%
24PUBLIC SVC ENTERPRISE GRP IN74457310657,353$4.8M0.46%
25INVESCO EXCH TRADED FD TR IIIVZ204,441$4.6M0.43%
26ISHARES TR46428841443,199$4.5M0.43%
27BERKSHIRE HATHAWAY INC DELBRK-A8,737$4.2M0.40%
28PACER FDS TR69374H88175,447$4.2M0.39%
29AMAZON COM INCAMZN18,564$4.1M0.39%
30JPMORGAN CHASE & CO.VYLD13,574$3.9M0.37%
31ISHARES TR46428754933,650$3.8M0.36%
32FIDELITY COVINGTON TRUST31609286566,763$3.5M0.33%
33HOME DEPOT INCHD8,973$3.3M0.31%
34ISHARES BITCOIN TRUST ETFIBIT50,223$3.1M0.29%
35MICROSTRATEGY INCSTRK7,214$2.9M0.28%
36SCHWAB STRATEGIC TR808524201110,689$2.7M0.26%
37ALPHABET INCGOOG14,443$2.6M0.24%
38ISHARES TR46428866121,479$2.6M0.24%
39EA SERIES TRUST02072L68056,519$2.3M0.21%
40META PLATFORMS INCMETA3,065$2.3M0.21%
41VISA INCV6,153$2.2M0.21%
42VERIZON COMMUNICATIONS INCVZ48,869$2.1M0.20%
43SPDR S&P 500 ETF TRSPY3,376$2.1M0.20%
44SCHWAB STRATEGIC TR80852410286,528$2.1M0.20%
45ALPHABET INCGOOG10,829$1.9M0.18%
46VANGUARD INDEX FDS9229086529,741$1.9M0.18%
47COSTCO WHSL CORP NEW22160K1051,831$1.8M0.17%
48ORACLE CORPORCL-PD8,277$1.8M0.17%
49CISCO SYS INCCSCO25,826$1.8M0.17%
50ABBVIE INCABBV9,626$1.8M0.17%
51TESLA INCTSLA5,471$1.7M0.16%
52JOHNSON & JOHNSONJNJ10,957$1.7M0.16%
53EXXON MOBIL CORPXOM14,444$1.6M0.15%
54MONDELEZ INTL INC60920710522,844$1.5M0.15%
55CHEVRON CORP NEWCVX10,732$1.5M0.15%
56VANGUARD SPECIALIZED FUNDS9219088447,326$1.5M0.14%
57WALMART INCWMT14,617$1.4M0.14%
58FIDELITY COVINGTON TRUST3160928087,188$1.4M0.13%
59AMERICAN CENTY ETF TR02507287715,354$1.4M0.13%
60GRAYSCALE BITCOIN MINI TR ET38993020728,809$1.4M0.13%
61GE AEROSPACE3696043015,323$1.4M0.13%
62AT&T INCT-PC46,088$1.3M0.13%
63CATERPILLAR INCCAT3,272$1.3M0.12%
64GOLDMAN SACHS ETF TRNVGLF18,633$1.3M0.12%
65AUTOMATIC DATA PROCESSING INADP3,975$1.2M0.12%
66PHILIP MORRIS INTL INC7181721096,659$1.2M0.11%
67CONSOLIDATED EDISON INCED11,366$1.1M0.11%
68MASTERCARD INCORPORATEDMA1,896$1.1M0.10%
69INTERNATIONAL BUSINESS MACHSINTR3,582$1.1M0.10%
70VANGUARD BD INDEX FDS92193783514,294$1.1M0.10%
71LOCKHEED MARTIN CORPLMT2,225$1.0M0.10%
72ISHARES TR46428750716,098$998,4000.09%
73BECTON DICKINSON & COBDX5,643$972,0050.09%
74ELI LILLY & COLLY1,244$969,7440.09%
75ISHARES TR4642888027,589$961,8830.09%
76COCA COLA COKO13,436$950,5960.09%
77ISHARES TR46436E33840,194$931,6950.09%
78GOLDMAN SACHS ETF TRNVGLF7,441$903,2120.09%
79ISHARES TR46435G4256,397$865,4630.08%
80PROCTER AND GAMBLE CO7427181095,426$864,4110.08%
81VANGUARD INDEX FDS9229086293,080$861,8760.08%
82DISNEY WALT CO2546871066,790$842,0220.08%
83INVESCO QQQ TRIVZ1,514$835,3070.08%
84SPDR SERIES TRUST78468R6638,954$821,3850.08%
85ISHARES TR4642876141,908$809,9210.08%
86SCHWAB STRATEGIC TR80852479730,508$808,4590.08%
87HONEYWELL INTL INC4385161063,323$773,7860.07%
88PEPSICO INCPEP5,653$746,3790.07%
89GE VERNOVA INCGEV1,401$741,3700.07%
90AMERICAN EXPRESS COAXP287$729,6110.07%
91VANGUARD STAR FDS92190976810,183$703,5680.07%
92VANGUARD INDEX FDS9229086372,422$691,0380.07%
93MERCK & CO INCMRK8,633$683,4190.06%
94EATON CORP PLCETN1,903$679,2700.06%
95FIDELITY COVINGTON TRUST31609A30518,187$673,4670.06%
96CROWDSTRIKE HLDGS INCCRWD1,322$673,0810.06%
97AIR PRODS & CHEMS INCAIIR2,384$672,3460.06%
98TEXAS INSTRS INC8825081043,234$671,4470.06%
99ISHARES TR4642871504,857$655,8720.06%
100ISHARES TR46429B6976,911$648,7780.06%
101TJX COS INC NEW8725401095,188$640,7170.06%
102PFIZER INCPFE26,303$637,5850.06%
103SPDR DOW JONES INDL AVERAGE78467X1091,376$606,5080.06%
104ABBOTT LABSABLZF4,328$588,6300.06%
105LOWES COS INC5486611072,645$586,7850.06%
106TEXAS PACIFIC LAND CORPORATITPL539$569,8440.05%
107VANGUARD WORLD FD9219108161,552$568,4200.05%
108ISHARES TR4642885704,876$566,4360.05%
109DIMENSIONAL ETF TRUST25434V70815,801$566,3190.05%
110BANK AMERICA CORP06050510411,659$551,7000.05%
111NATIONAL FUEL GAS CONFG6,500$550,6150.05%
112UNION PAC CORPUNP2,392$550,4310.05%
113BLACKROCK INCBLK515$539,9410.05%
114DUKE ENERGY CORP NEWDUKB4,566$538,8070.05%
115VANGUARD INDEX FDS9229087443,000$530,2310.05%
116FIDELITY COVINGTON TRUST3160926008,066$515,8400.05%
117WELLS FARGO CO NEW9497461016,219$498,2360.05%
118BOOKING HOLDINGS INCBKNG83$480,5070.05%
119RTX CORPORATIONRTX3,276$478,4070.05%
120AMERICAN CENTY ETF TR0250723496,975$475,7470.05%
121REGENERON PHARMACEUTICALSREGN887$465,5840.04%
122CONSTELLATION ENERGY CORPCEG1,440$464,7070.04%
123PALANTIR TECHNOLOGIES INCPLTR3,392$462,3380.04%
124SPDR SERIES TRUST78464A28418,331$454,2480.04%
125DIREXION SHS ETF TR25459Y2074,515$443,8530.04%
126UNITEDHEALTH GROUP INCUNH1,406$438,6400.04%
127MCDONALDS CORPMCD1,490$435,3360.04%
128VANGUARD CHARLOTTE FDS92203J4078,628$427,1540.04%
129KLA CORPKLAC450$403,0830.04%
130CSX CORPCSX12,331$402,3490.04%
131NETFLIX INCNFLX299$400,6010.04%
132COMCAST CORP NEWCCZ10,896$388,8680.04%
133AMGEN INCAMGN1,343$375,0020.04%
134ISHARES TR4642874403,807$364,5630.03%
135MARKEL GROUP INCMKL182$363,5200.03%
136STRYKER CORPORATIONSYK899$355,7390.03%
137UBER TECHNOLOGIES INCUBER3,767$351,4610.03%
138BROADRIDGE FINL SOLUTIONS IN11133T1031,444$351,0040.03%
139FASTENAL COFAST8,200$344,4000.03%
140ALIBABA GROUP HLDG LTDBBAAY2,959$335,6360.03%
141BLACKSTONE INCBX2,238$334,8230.03%
142HERSHEY COHSY2,017$334,7460.03%
143UNILEVER PLCUNLYF5,396$330,0990.03%
144GILEAD SCIENCES INCGILD2,867$317,9030.03%
145VANGUARD WORLD FD92204A702465$308,2000.03%
146SCHWAB STRATEGIC TR80852430010,217$298,4410.03%
147VANECK ETF TRUST92189F4379,996$292,6850.03%
148VANGUARD WORLD FD92204A2071,330$291,2450.03%
149BOEING COBA-PA1,384$290,0060.03%
150UNITED PARCEL SERVICE INCUPS2,835$286,1760.03%
151ALTRIA GROUP INCMO4,844$284,0250.03%
152INTEL CORPINTC12,120$271,4940.03%
153SPDR SERIES TRUST78464A7631,999$271,3330.03%
154M & T BK CORP55261F1041,383$268,1960.03%
155S&P GLOBAL INCSPGI502$264,7020.03%
156SPDR SERIES TRUST78468R7472,108$263,1690.02%
157KINDER MORGAN INC DELEP-PC8,899$261,6260.02%
158BROADCOM INCAVGO947$261,1000.02%
159ULTA BEAUTY INCULTA550$257,3010.02%
160DEERE & CODE505$256,7700.02%
161KRAFT HEINZ COKHC9,744$251,5900.02%
162CITIGROUP INCC-PR2,908$247,5250.02%
163INVESCO EXCHANGE TRADED FD TIVZ3,504$244,9550.02%
164BLACKROCK INVT QUALITY MUN TBLK22,115$241,4960.02%
165SOUTHERN COSOMN2,580$236,9150.02%
166ROPER TECHNOLOGIES INCROP415$235,2750.02%
167INVESCO EXCHANGE TRADED FD TIVZ1,248$226,8720.02%
168ISHARES TR4642871681,705$226,3780.02%
169ISHARES TR46435U5494,699$223,4080.02%
170ADVANCED MICRO DEVICES INCAMD1,547$219,5280.02%
171DARDEN RESTAURANTS INCDRI1,000$217,9700.02%
172VANGUARD INDEX FDS922908736497$217,7130.02%
173SELECT SECTOR SPDR TR81369Y6054,117$215,6120.02%
174TARGET CORPTGT2,158$212,9240.02%
175FIDELITY COVINGTON TRUST3160924028,933$209,4670.02%
176MORGAN STANLEYMS-PQ1,465$206,3720.02%
177CARETRUST REIT INCCTRE6,682$204,4550.02%
178SCHWAB STRATEGIC TR8085248628,355$203,6860.02%
179KIMBERLY-CLARK CORPKMB1,571$202,5920.02%
180VANECK MERK GOLD ETFOUNZ6,286$200,4610.02%
181BLACKROCK MUNIHLDGS NJ QLTYBLK16,754$183,4580.02%
182EATON VANCE TAX-MANAGED GLOBETN12,315$107,7580.01%
183AMC ENTMT HLDGS INC00165C30230,008$93,0250.01%
184IOVANCE BIOTHERAPEUTICS INCIOVA38,364$65,9860.01%
185LUCID DIAGNOSTICS INCLUCD29,295$33,6890.00%
186PERASO INCPRSO17,500$19,0750.00%
187OPKO HEALTH INCOPK11,680$15,4180.00%
188INTERNATIONAL TOWER HILL MIN46050R10211,257$9,6300.00%