Institutional Manager · CIK 0001409362

AdvisorNet Financial, Inc

MINNETONKA, MN · File #028-18666

Latest AUM

$1.88B

Positions

2,244

Top-10 Concentration

37.1%

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 SEMICONDUCTOR ETF	464287523	+24,415	+$7.4M	+$7,897
NEW	ISHARES MORTGAGE REAL ESTATE ETF	46435G342	+281,893	+$6.3M	$0
ADD	ALPHABET INC CAP STK CL C	GOOG	+17,772	+$5.6M	+$7,026
ADD	ESSENTIAL UTILS INC COM	29670G102	+131,712	+$5.1M	-$155,925
ADD	PGIM AAA CLO ETF	69344A834	+90,751	+$4.7M	-$40,167
REDUCE	ISHARES INTEREST RATE HEDGED CORPORATE BOND ETF	46431W705	-46,781	-$4.4M	-$9,975
REDUCE	PACER ARISTOTLE PACIFIC FLOATING RATE HIGH INCOME ETF	69374H428	-92,411	-$4.4M	-$25,027
REDUCE	FRANKLIN SENIOR LOAN ETF FRANKLIN LIBERTY SENIOR LOAN FUND	FGDL	-182,774	-$4.3M	-$116,506
ADD	ISHARES S&P 500 INDEX	464287200	+6,112	+$4.2M	+$2.0M
REDUCE	VANGUARD COMMUNICATION SERVICES ETF	92204A884	-20,408	-$4.0M	+$132,621

Sector Allocation

6.6%$123.2M

3.8%$70.8M

2.6%$48.5M

2.3%$43.3M

2.1%$40.0M

Consumer Discretionary

1.7%$32.2M

Energy

0.9%$17.5M

Utilities

0.8%$15.4M

Communication Services

0.8%$15.2M

Consumer Staples

0.5%$9.7M

Real Estate

0.1%$1.2M

Filing History

Jan 20, 202613F HOLDINGS REPORTQ/E Dec 20252,244 pos · $1.88B
Oct 9, 202513F HOLDINGS REPORTQ/E Sep 20252,250 pos · $1.77B
Jul 14, 202513F HOLDINGS REPORTQ/E Jun 20252,240 pos · $1.55B
Apr 7, 202513F HOLDINGS REPORTQ/E Mar 20252,182 pos · $1.35B
Jan 13, 202513F HOLDINGS REPORTQ/E Dec 20241,977 pos · $1.19B
Oct 15, 202413F HOLDINGS REPORTQ/E Sep 20242,191 pos · $1.34B
Jul 16, 202413F HOLDINGS REPORTQ/E Jun 20242,083 pos · $1.10B
Apr 12, 202413F HOLDINGS REPORTQ/E Mar 20242,046 pos · $1.04B
Oct 12, 202313F HOLDINGS REPORTQ/E Dec 20232,289 pos · $1.10B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES S&P 500 INDEX	464287200	135,021	$92.5M	8.68%
2	DIMENSIONAL US CORE EQUITY MARKET ETF	25434V104	921,164	$43.1M	4.04%
3	DIMENSIONAL INTERNATIONAL CORE EQUITY 2 ETF	25434V799	1,100,743	$37.9M	3.56%
4	JPMORGAN ULTRA-SHORT INCOME ETF	46641Q837	742,191	$37.5M	3.52%
5	ISHARES AGGREGATE BOND ETF	464287226	331,574	$33.1M	3.11%
6	APPLE INC	AAPL	119,911	$32.6M	3.06%
7	CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF	14019W109	1,068,173	$31.6M	2.96%
8	MICROSOFT	MSFT	62,510	$30.2M	2.84%
9	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	473,984	$29.6M	2.78%
10	DIMENSIONAL U.S. CORE EQUITY 2 ETF	25434V708	687,201	$27.2M	2.55%
11	VANGUARD TOTAL STOCK MARKET ETF	922908769	77,046	$25.8M	2.42%
12	NVIDIA CORPORATION COM	NVDA	135,134	$25.2M	2.36%
13	SPDR GOLD ETF	GLD	62,542	$24.8M	2.33%
14	VANGUARD TOTAL BOND MARKET ETF	921937835	333,884	$24.7M	2.32%
15	VANGUARD GROWTH ETF	922908736	49,833	$24.3M	2.28%
16	PUTNAM FOCUSED LARGE CAP VALUE ETF	746729300	528,175	$24.1M	2.26%
17	SCHWAB US DIVIDEND EQUITY ETF	808524797	861,205	$23.6M	2.22%
18	CAPITAL GROUP GROWTH ETF	14020G101	517,700	$23.0M	2.16%
19	VANGUARD FTSE EMERGING MARKETS ETF	922042858	403,887	$21.7M	2.04%
20	ANFIELD UNIVERSAL FIXED INCOME ETF	90214Q766	2,300,059	$21.6M	2.03%