13F HOLDINGS REPORT

TRAPHAGEN INVESTMENT ADVISORS LLC

Quarter ended Q4 2025 · Filed January 27, 2026 · Accession 0002023380-26-000001

Total Value

$1.22B

Positions

196

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (196)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	472,993	$324.0M	26.66%
2	AMERICAN CENTY ETF TR	025072885	1,253,450	$140.1M	11.53%
3	VICTORY PORTFOLIOS II	92647X830	2,392,021	$94.2M	7.75%
4	PACER FDS TR	69374H360	1,853,892	$65.3M	5.37%
5	FIRST TR EXCHANGE TRADED FD	33737A108	356,517	$54.6M	4.49%
6	JANUS DETROIT STR TR	47103U746	884,218	$46.0M	3.79%
7	JANUS DETROIT STR TR	47103U845	749,564	$37.9M	3.12%
8	APPLE INC	AAPL	138,524	$37.7M	3.10%
9	ISHARES TR	46436E718	264,628	$26.6M	2.19%
10	VANGUARD SCOTTSDALE FDS	92206C706	443,082	$26.6M	2.19%
11	TORTOISE CAPITAL SERIES TRUS	890930308	737,773	$26.0M	2.14%
12	VANECK ETF TRUST	92189H649	891,760	$24.2M	1.99%
13	BLUEROCK PVT REAL ESTATE FD	09631P102	1,147,161	$17.2M	1.42%
14	VANGUARD INDEX FDS	922908363	24,014	$15.1M	1.24%
15	VANGUARD INDEX FDS	922908769	44,327	$14.9M	1.22%
16	ISHARES TR	464287457	163,997	$13.6M	1.12%
17	CME GROUP INC	CME	48,536	$13.3M	1.09%
18	BITWISE BITCOIN ETF TR	BITB	255,890	$12.2M	1.00%
19	BERKSHIRE HATHAWAY INC DEL	BRK-A	14	$10.6M	0.87%
20	INTERCONTINENTAL EXCHANGE IN	45866F104	56,203	$9.1M	0.75%
21	GOLDMAN SACHS GROUP INC	GSCE	10,136	$8.9M	0.73%
22	MICROSOFT CORP	MSFT	15,400	$7.4M	0.61%
23	NVIDIA CORPORATION	NVDA	39,218	$7.3M	0.60%
24	GRAYSCALE BITCOIN TRUST ETF	GBTC	85,252	$5.8M	0.48%
25	ISHARES TR	464288414	52,071	$5.6M	0.46%
26	INVESCO EXCH TRADED FD TR II	IVZ	216,475	$5.0M	0.41%
27	PUBLIC SVC ENTERPRISE GRP IN	744573106	57,918	$4.7M	0.38%
28	AMAZON COM INC	AMZN	19,162	$4.4M	0.36%
29	ALPHABET INC	GOOG	14,025	$4.4M	0.36%
30	ISHARES TR	464287549	33,544	$4.3M	0.36%
31	BERKSHIRE HATHAWAY INC DEL	BRK-A	8,588	$4.3M	0.36%
32	JPMORGAN CHASE & CO.	VYLD	13,308	$4.3M	0.35%
33	HOME DEPOT INC	HD	11,847	$4.1M	0.34%
34	FIDELITY COVINGTON TRUST	316092865	68,464	$3.8M	0.31%
35	ALPHABET INC	GOOG	12,016	$3.8M	0.31%
36	PACER FDS TR	69374H881	58,028	$3.5M	0.29%
37	SCHWAB STRATEGIC TR	808524201	111,561	$3.0M	0.25%
38	VICTORY PORTFOLIOS II	92647X764	103,459	$2.9M	0.24%
39	ISHARES BITCOIN TRUST ETF	IBIT	58,608	$2.9M	0.24%
40	SPDR S&P 500 ETF TR	SPY	3,894	$2.7M	0.22%
41	EA SERIES TRUST	02072L680	54,633	$2.4M	0.20%
42	ISHARES TR	464288661	20,066	$2.4M	0.20%
43	SCHWAB STRATEGIC TR	808524102	85,953	$2.3M	0.19%
44	VISA INC	V	6,397	$2.2M	0.18%
45	META PLATFORMS INC	META	3,385	$2.2M	0.18%
46	ABBVIE INC	ABBV	9,651	$2.2M	0.18%
47	VANGUARD INDEX FDS	922908652	9,904	$2.1M	0.17%
48	JOHNSON & JOHNSON	JNJ	9,967	$2.1M	0.17%
49	VERIZON COMMUNICATIONS INC	VZ	50,283	$2.0M	0.17%
50	CISCO SYS INC	CSCO	24,644	$1.9M	0.16%
51	CHEVRON CORP NEW	CVX	12,425	$1.9M	0.16%
52	EXXON MOBIL CORP	XOM	15,695	$1.9M	0.16%
53	CATERPILLAR INC	CAT	3,237	$1.9M	0.15%
54	GE AEROSPACE	369604301	5,578	$1.7M	0.14%
55	TESLA INC	TSLA	3,793	$1.7M	0.14%
56	SCHWAB STRATEGIC TR	808524797	61,698	$1.7M	0.14%
57	VANGUARD SPECIALIZED FUNDS	921908844	7,638	$1.7M	0.14%
58	WALMART INC	WMT	14,868	$1.7M	0.14%
59	FIDELITY COVINGTON TRUST	316092808	7,310	$1.6M	0.14%
60	INVESCO QQQ TR	IVZ	2,626	$1.6M	0.13%
61	ORACLE CORP	ORCL-PD	8,151	$1.6M	0.13%
62	COSTCO WHSL CORP NEW	22160K105	1,834	$1.6M	0.13%
63	AMERICAN CENTY ETF TR	025072877	14,792	$1.5M	0.12%
64	GRAYSCALE BITCOIN MINI TR ET	389930207	35,477	$1.4M	0.11%
65	ELI LILLY & CO	LLY	1,223	$1.3M	0.11%
66	AT&T INC	T-PC	51,021	$1.3M	0.10%
67	GOLDMAN SACHS ETF TR	NVGLF	16,595	$1.2M	0.10%
68	CONSOLIDATED EDISON INC	ED	11,383	$1.1M	0.09%
69	STRATEGY INC	STRK	7,357	$1.1M	0.09%
70	INTERNATIONAL BUSINESS MACHS	INTR	3,749	$1.1M	0.09%
71	MONDELEZ INTL INC	609207105	20,573	$1.1M	0.09%
72	ISHARES TR	464287507	16,561	$1.1M	0.09%
73	MASTERCARD INCORPORATED	MA	1,907	$1.1M	0.09%
74	ISHARES TR	46436E338	47,519	$1.1M	0.09%
75	LOCKHEED MARTIN CORP	LMT	2,188	$1.1M	0.09%
76	ISHARES TR	464288802	7,539	$1.1M	0.09%
77	AUTOMATIC DATA PROCESSING IN	ADP	3,868	$995,014	0.08%
78	GOLDMAN SACHS ETF TR	NVGLF	7,404	$980,084	0.08%
79	GE VERNOVA INC	GEV	1,475	$963,728	0.08%
80	COCA COLA CO	KO	13,690	$957,049	0.08%
81	ISHARES TR	46435G425	6,178	$920,384	0.08%
82	PHILIP MORRIS INTL INC	718172109	5,640	$904,618	0.07%
83	ISHARES TR	464287614	1,908	$903,047	0.07%
84	VANGUARD STAR FDS	921909768	11,615	$876,242	0.07%
85	VANGUARD INDEX FDS	922908637	2,773	$872,821	0.07%
86	AMERICAN EXPRESS CO	AXP	2,266	$838,134	0.07%
87	BECTON DICKINSON & CO	BDX	4,274	$829,451	0.07%
88	VANGUARD INDEX FDS	922908629	2,786	$808,436	0.07%
89	DISNEY WALT CO	254687106	7,023	$798,953	0.07%
90	SPDR SERIES TRUST	78468R663	8,609	$786,698	0.06%
91	PALANTIR TECHNOLOGIES INC	PLTR	4,299	$764,217	0.06%
92	FIDELITY COVINGTON TRUST	31609A305	18,219	$759,712	0.06%
93	MERCK & CO INC	MRK	7,156	$753,272	0.06%
94	FIDELITY COVINGTON TRUST	316092600	10,079	$748,676	0.06%
95	TJX COS INC NEW	872540109	4,863	$746,937	0.06%
96	REGENERON PHARMACEUTICALS	REGN	964	$743,953	0.06%
97	ISHARES TR	46429B697	7,837	$737,890	0.06%
98	PEPSICO INC	PEP	5,107	$733,002	0.06%
99	ISHARES TR	464287150	4,865	$723,424	0.06%
100	BANK AMERICA CORP	060505104	13,125	$721,867	0.06%
101	HONEYWELL INTL INC	438516106	3,446	$672,252	0.06%
102	SPDR DOW JONES INDL AVERAGE	78467X109	1,378	$662,095	0.05%
103	VANGUARD WORLD FD	921910816	1,554	$641,264	0.05%
104	LOWES COS INC	548661107	2,629	$634,014	0.05%
105	DIMENSIONAL ETF TRUST	25434V708	15,882	$628,751	0.05%
106	WELLS FARGO CO NEW	949746101	6,736	$627,775	0.05%
107	ISHARES TR	464288570	4,802	$618,631	0.05%
108	RTX CORPORATION	RTX	3,286	$602,590	0.05%
109	EATON CORP PLC	ETN	1,889	$601,777	0.05%
110	WILLIS TOWERS WATSON PLC LTD	WTW	1,786	$586,873	0.05%
111	PFIZER INC	PFE	23,358	$581,603	0.05%
112	KLA CORP	KLAC	476	$578,506	0.05%
113	AIR PRODS & CHEMS INC	AIIR	2,312	$571,036	0.05%
114	UNION PAC CORP	UNP	2,458	$568,535	0.05%
115	PROCTER AND GAMBLE CO	742718109	3,843	$550,720	0.05%
116	CROWDSTRIKE HLDGS INC	CRWD	1,169	$548,089	0.05%
117	ABBOTT LABS	ABLZF	4,256	$533,183	0.04%
118	BLACKROCK INC	BLK	494	$528,681	0.04%
119	AMERICAN CENTY ETF TR	025072349	6,960	$527,340	0.04%
120	TEXAS INSTRS INC	882508104	3,004	$521,079	0.04%
121	NATIONAL FUEL GAS CO	NFG	6,500	$520,390	0.04%
122	ISHARES TR	464287440	5,337	$513,176	0.04%
123	VANGUARD INDEX FDS	922908744	2,662	$508,385	0.04%
124	DIREXION SHS ETF TR	25459Y207	4,898	$501,132	0.04%
125	TKO GROUP HOLDINGS INC	TKO	2,379	$497,111	0.04%
126	TEXAS PACIFIC LAND CORPORATI	TPL	1,624	$466,458	0.04%
127	AMGEN INC	AMGN	1,392	$455,469	0.04%
128	CONSTELLATION ENERGY CORP	CEG	1,281	$452,608	0.04%
129	CSX CORP	CSX	12,439	$450,897	0.04%
130	BOOKING HOLDINGS INC	BKNG	83	$445,960	0.04%
131	ALIBABA GROUP HLDG LTD	BBAAY	3,018	$442,420	0.04%
132	MICRON TECHNOLOGY INC	MU	1,527	$435,771	0.04%
133	DUKE ENERGY CORP NEW	DUKB	3,688	$432,259	0.04%
134	THE ALGER ETF TRUST	015564503	11,846	$427,774	0.04%
135	SCHWAB STRATEGIC TR	808524300	12,815	$418,013	0.03%
136	INTEL CORP	INTC	11,041	$407,419	0.03%
137	ADVANCED MICRO DEVICES INC	AMD	1,868	$400,106	0.03%
138	MARKEL GROUP INC	MKL	182	$391,237	0.03%
139	CITIGROUP INC	C-PR	3,180	$371,046	0.03%
140	VANGUARD WORLD FD	92204A702	487	$367,054	0.03%
141	GILEAD SCIENCES INC	GILD	2,904	$356,420	0.03%
142	HERSHEY CO	HSY	1,934	$351,955	0.03%
143	ULTA BEAUTY INC	ULTA	580	$350,985	0.03%
144	BLACKSTONE INC	BX	2,266	$349,280	0.03%
145	UNITEDHEALTH GROUP INC	UNH	1,039	$342,911	0.03%
146	BOEING CO	BA-PA	1,577	$342,469	0.03%
147	SPDR SERIES TRUST	78464A284	13,658	$340,619	0.03%
148	LAM RESEARCH CORP	LRCX	1,963	$336,049	0.03%
149	NETFLIX INC	NFLX	3,560	$333,770	0.03%
150	FASTENAL CO	FAST	8,240	$330,685	0.03%
151	UBER TECHNOLOGIES INC	UBER	3,941	$322,057	0.03%
152	INVESCO EXCHANGE TRADED FD T	IVZ	1,675	$320,812	0.03%
153	ISHARES TR	464287168	2,255	$318,232	0.03%
154	UNILEVER PLC	UNLYF	4,777	$312,416	0.03%
155	COMCAST CORP NEW	CCZ	10,430	$311,761	0.03%
156	BROADRIDGE FINL SOLUTIONS IN	11133T103	1,394	$311,070	0.03%
157	MCDONALDS CORP	MCD	988	$301,941	0.02%
158	KINDER MORGAN INC DEL	EP-PC	10,929	$300,440	0.02%
159	VANECK ETF TRUST	92189F437	9,839	$288,935	0.02%
160	STRYKER CORPORATION	SYK	810	$284,792	0.02%
161	CUMMINS INC	CMI	552	$281,606	0.02%
162	VANGUARD WORLD FD	92204A207	1,331	$281,112	0.02%
163	SPDR SERIES TRUST	78464A763	1,999	$278,190	0.02%
164	SPDR SERIES TRUST	78468R747	2,101	$277,527	0.02%
165	VANECK MERK GOLD ETF	OUNZ	6,678	$277,004	0.02%
166	VANGUARD INDEX FDS	922908736	548	$267,224	0.02%
167	S&P GLOBAL INC	SPGI	509	$265,920	0.02%
168	M & T BK CORP	55261F104	1,286	$259,093	0.02%
169	DEERE & CO	DE	555	$258,370	0.02%
170	ALTRIA GROUP INC	MO	4,364	$251,636	0.02%
171	VANGUARD INTL EQUITY INDEX F	922042775	3,333	$245,210	0.02%
172	BLACKROCK MUNIHLDGS NJ QLTY	BLK	20,589	$245,013	0.02%
173	MORGAN STANLEY	MS-PQ	1,371	$243,465	0.02%
174	CARETRUST REIT INC	CTRE	6,686	$241,762	0.02%
175	INVESCO EXCHANGE TRADED FD T	IVZ	3,426	$241,258	0.02%
176	KRAFT HEINZ CO	KHC	9,773	$237,005	0.02%
177	CVS HEALTH CORP	CVS	2,900	$230,142	0.02%
178	BROADCOM INC	AVGO	653	$226,056	0.02%
179	ISHARES TR	46434V621	3,256	$226,012	0.02%
180	TARGET CORP	TGT	2,307	$225,501	0.02%
181	ISHARES TR	46435U549	4,711	$225,442	0.02%
182	GRAYSCALE COINDESK CRYPTO	GDLC	5,446	$225,036	0.02%
183	AMPHENOL CORP NEW	032095101	1,661	$224,422	0.02%
184	FIDELITY COVINGTON TRUST	316092402	8,948	$221,635	0.02%
185	VANECK ETF TRUST	92189F676	591	$213,013	0.02%
186	PROSHARES TR	74348A467	2,003	$208,493	0.02%
187	NEBIUS GROUP N.V.	NBIS	2,481	$207,673	0.02%
188	ISHARES TR	464287465	2,130	$204,511	0.02%
189	SCHWAB STRATEGIC TR	808524862	8,265	$201,419	0.02%
190	BLACKROCK INVT QUALITY MUN T	BLK	11,115	$124,488	0.01%
191	IOVANCE BIOTHERAPEUTICS INC	IOVA	38,962	$106,366	0.01%
192	AMC ENTMT HLDGS INC	00165C302	30,008	$46,813	0.00%
193	LUCID DIAGNOSTICS INC	LUCD	29,295	$31,932	0.00%
194	INTERNATIONAL TOWER HILL MIN	46050R102	11,257	$20,938	0.00%
195	OPKO HEALTH INC	OPK	11,680	$14,717	0.00%
196	DYADIC INTL INC DEL	26745T101	13,000	$12,220	0.00%