Institutional Manager · CIK 0001109767

NATIONS FINANCIAL GROUP INC, /IA/ /ADV

CEDAR RAPIDS, IA · File #028-17213

Latest AUM

$1.90B

Positions

746

Top-10 Concentration

41.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES CORE S&P 500 ETF	464287200	+52,733	+$36.1M	+$315,975
ADD	SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	78467X109	+35,498	+$17.1M	+$9,099
ADD	VANGUARD GROWTH ETF	922908736	+34,964	+$17.1M	+$233,924
ADD	SPDR S&P 500 ETF TRUST	SPY	+23,967	+$16.3M	+$322,841
ADD	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	81369Y803	+76,737	+$11.0M	-$10.1M
ADD	STATE STREET SPDR PORTFOLIO S&P 500 ETF	78464A854	+81,872	+$6.6M	+$44,307
ADD	VANGUARD S&P 500 ETF	922908363	+10,271	+$6.4M	+$92,086
ADD	GOLDMAN SACHS GROUP INC COM	GSCE	+6,991	+$6.1M	+$72,463
ADD	SCHWAB U.S. LARGE-CAP ETF	808524201	+216,944	+$5.8M	+$127,558
ADD	META PLATFORMS INC CL A	META	+8,172	+$5.4M	-$1.8M

Sector Allocation

12.1%$230.5M

7.0%$132.8M

3.1%$58.2M

3.0%$56.8M

Consumer Discretionary

2.3%$44.5M

Industrials

2.2%$41.2M

Energy

2.0%$37.4M

Communication Services

1.9%$35.4M

Consumer Staples

0.8%$15.7M

Utilities

0.5%$9.6M

Real Estate

0.2%$4.1M

Filing History

Jan 26, 202613F HOLDINGS REPORTQ/E Dec 2025746 pos · $1.90B
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 2025711 pos · $1.61B
Aug 11, 202513F HOLDINGS REPORTQ/E Jun 2025678 pos · $1.45B
May 13, 202513F HOLDINGS REPORTQ/E Mar 2025655 pos · $1.31B
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 2024667 pos · $1.37B
Nov 4, 202413F HOLDINGS REPORTQ/E Sep 2024671 pos · $1.38B
Jul 29, 202413F HOLDINGS REPORTQ/E Jun 2024629 pos · $1.22B
Apr 23, 202413F HOLDINGS REPORTQ/E Mar 2024621 pos · $1.19B
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023613 pos · $993.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES CORE S&P 500 ETF	464287200	72,953	$50.0M	5.68%
2	NVIDIA CORPORATION COM	NVDA	260,466	$48.6M	5.53%
3	APPLE INC COM	AAPL	162,037	$44.1M	5.01%
4	MICROSOFT CORP COM	MSFT	83,744	$40.5M	4.61%
5	INVESCO QQQ TRUST SERIES I	IVZ	52,302	$32.1M	3.65%
6	ALPHABET INC CAP STK CL A	GOOG	99,174	$31.0M	3.53%
7	VANGUARD GROWTH ETF	922908736	63,346	$30.9M	3.52%
8	ISHARES CORE S&P MID-CAP ETF	464287507	465,113	$30.7M	3.49%
9	SPDR S&P 500 ETF TRUST	SPY	44,482	$30.3M	3.45%
10	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	53,983	$27.1M	3.09%
11	ISHARES RUSSELL 3000 ETF	464287689	67,262	$26.0M	2.96%
12	FIDELITY BLUE CHIP GROWTH ETF	316092352	441,550	$24.2M	2.75%
13	AMAZON COM INC COM	AMZN	96,102	$22.2M	2.52%
14	META PLATFORMS INC CL A	META	32,864	$21.7M	2.47%
15	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	81369Y803	149,727	$21.6M	2.45%
16	JPMORGAN CHASE & CO. COM	VYLD	63,679	$20.5M	2.33%
17	BROADCOM INC COM	AVGO	58,358	$20.2M	2.30%
18	VANGUARD HIGH DIVIDEND YIELD INDEX ETF	921946406	137,816	$19.8M	2.25%
19	SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	78467X109	36,042	$17.3M	1.97%
20	VANGUARD FTSE EMERGING MARKETS ETF	922042858	294,923	$15.9M	1.80%