Institutional Manager · CIK 0001724729
Refined Wealth Management
SALT LAKE CITY, UT · File #028-21290
Latest AUM
$148.6M
Positions
43
Top-10 Concentration
75.6%
Filings
9
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 | VANGUARD TAX-MANAGED FDS | 921943858 | +16,948 | +$1.1M | +$20,920 |
| ADD | INVESCO QQQ TR | IVZ | +1,153 | +$708,299 | +$341,154 |
| NEW | INVESCO EXCHANGE TRADED FD T | IVZ | +3,162 | +$605,713 | $0 |
| ADD | BITWISE BITCOIN ETF TR | BITB | +12,038 | +$572,527 | -$2.8M |
| NEW | VANGUARD INTL EQUITY INDEX F | 922042858 | +9,677 | +$520,236 | $0 |
| ADD | TIDAL TRUST II | 88636R743 | +19,216 | +$433,705 | +$6,443 |
| NEW | MICROSOFT CORP | MSFT | +875 | +$423,168 | $0 |
| ADD | NVIDIA CORPORATION | NVDA | +1,925 | +$359,013 | -$391 |
| NEW | VANGUARD INDEX FDS | 922908538 | +1,143 | +$319,057 | $0 |
| REDUCE | VANGUARD BD INDEX FDS | 921937819 | -3,727 | -$290,259 | -$21,377 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202543 pos · $148.6M
- 13F HOLDINGS REPORTQ/E Sep 202536 pos · $155.6M
- 13F HOLDINGS REPORTQ/E Jun 202533 pos · $145.5M
- 13F HOLDINGS REPORTQ/E Mar 202527 pos · $122.2M
- 13F HOLDINGS REPORTQ/E Dec 202427 pos · $131.4M
- 13F HOLDINGS REPORTQ/E Sep 202427 pos · $129.7M
- 13F HOLDINGS REPORTQ/E Jun 202428 pos · $129.7M
- 13F HOLDINGS REPORTQ/E Mar 202429 pos · $142.0M
- 13F HOLDINGS REPORTQ/E Dec 202326 pos · $111.4M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VANGUARD WORLD FD | 921910725 | 238,673 | $17.1M | 11.51% |
| 2 | INVESCO QQQ TR | IVZ | 25,626 | $15.7M | 10.60% |
| 3 | VANGUARD CHARLOTTE FDS | 92203J407 | 313,035 | $15.1M | 10.18% |
| 4 | COINBASE GLOBAL INC | COIN | 58,518 | $13.2M | 8.91% |
| 5 | VANGUARD INDEX FDS | 922908744 | 64,777 | $12.4M | 8.33% |
| 6 | BITWISE BITCOIN ETF TR | BITB | 199,766 | $9.5M | 6.40% |
| 7 | SSGA ACTIVE ETF TR | 78467V608 | 219,927 | $9.1M | 6.11% |
| 8 | VANGUARD BD INDEX FDS | 921937819 | 98,070 | $7.6M | 5.14% |
| 9 | SPDR GOLD TR | GLD | 16,547 | $6.6M | 4.41% |
| 10 | ENOVIX CORPORATION | ENVX | 807,937 | $5.9M | 3.98% |
| 11 | VANGUARD SCOTTSDALE FDS | 92206C813 | 66,754 | $5.1M | 3.41% |
| 12 | ISHARES TR | 464287432 | 58,006 | $5.1M | 3.40% |
| 13 | VANGUARD INDEX FDS | 922908629 | 13,363 | $3.9M | 2.61% |
| 14 | VANGUARD INDEX FDS | 922908751 | 14,167 | $3.7M | 2.46% |
| 15 | BED BATH & BEYOND INC | BBBY-WT | 417,346 | $2.3M | 1.53% |
| 16 | VOLATILITY SHS TR | 92864M780 | 174,132 | $1.8M | 1.24% |
| 17 | VANGUARD TAX-MANAGED FDS | 921943858 | 25,152 | $1.6M | 1.06% |
| 18 | NVIDIA CORPORATION | NVDA | 6,810 | $1.3M | 0.85% |
| 19 | VANGUARD INDEX FDS | 922908363 | 1,966 | $1.2M | 0.83% |
| 20 | NUSHARES ETF TR | NU | 12,510 | $1.2M | 0.82% |