Institutional Manager · CIK 0001768302

ERn Financial, LLC

MIDDLETON, WI · File #028-19425

Latest AUM

$531.9M

Positions

146

Top-10 Concentration

45.2%

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
NEW	J P MORGAN EXCHANGE TRADED F	46654Q732	+73,977	+$6.7M	$0
REDUCE	INVESCO EXCH TRD SLF IDX FD	IVZ	-91,324	-$5.6M	+$225,149
NEW	VANECK ETF TRUST	92189F130	+98,341	+$3.4M	$0
REDUCE	SPDR SERIES TRUST	78464A409	-20,875	-$2.2M	+$878,642
ADD	ISHARES TR	46432F842	+22,866	+$2.0M	+$376,423
ADD	SPDR SERIES TRUST	78464A508	+31,736	+$1.8M	+$953,924
ADD	JOHN HANCOCK EXCHANGE TRADED	47804J107	+14,020	+$1.1M	+$173,920
ADD	PIMCO ETF TR	72201R585	+40,212	+$1.1M	-$63,711
REDUCE	SPDR SERIES TRUST	78464A839	-11,875	-$1.0M	+$232,653
ADD	SPDR SERIES TRUST	78464A656	+35,433	+$919,486	-$113,313

Sector Allocation

Financials

4.6%$24.3M

Technology

2.8%$14.9M

Consumer Discretionary

0.5%$2.8M

Healthcare

0.3%$1.7M

Communication Services

0.3%$1.6M

0.2%$978,115

0.1%$764,373

0.1%$708,172

0.0%$218,438

Filing History

Jan 15, 202613F HOLDINGS REPORTQ/E Dec 2025146 pos · $531.9M
Oct 30, 202513F HOLDINGS REPORTQ/E Sep 2025140 pos · $506.5M
Jul 17, 202513F HOLDINGS REPORTQ/E Jun 2025145 pos · $474.0M
Apr 21, 202513F HOLDINGS REPORTQ/E Mar 2025180 pos · $632.9M
Jan 14, 202513F HOLDINGS REPORTQ/E Dec 2024190 pos · $666.5M
Oct 15, 202413F HOLDINGS REPORTQ/E Sep 2024187 pos · $657.3M
Jul 18, 202413F HOLDINGS REPORT (Amended)Q/E Jun 2024177 pos · $602.8M
Jul 17, 202413F HOLDINGS REPORTQ/E Jun 2024177 pos · $627.4M
Apr 15, 202413F HOLDINGS REPORTQ/E Mar 2024173 pos · $576.5M
Nov 6, 202313F HOLDINGS REPORTQ/E Dec 2023166 pos · $460.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR SERIES TRUST	78464A409	380,325	$40.6M	8.88%
2	SPDR SERIES TRUST	78464A508	676,263	$38.4M	8.41%
3	SPDR INDEX SHS FDS	78463X889	684,153	$30.4M	6.65%
4	ISHARES TR	46432F842	197,956	$17.7M	3.88%
5	VICTORY PORTFOLIOS II	92647N535	315,306	$16.0M	3.51%
6	SPDR SERIES TRUST	78464A839	175,750	$14.9M	3.26%
7	AMERICAN CENTY ETF TR	025072604	167,024	$12.9M	2.82%
8	SPDR INDEX SHS FDS	78463X509	270,813	$12.7M	2.77%
9	PIMCO ETF TR	72201R585	438,407	$11.7M	2.56%
10	ISHARES TR	46432F339	56,958	$11.3M	2.48%
11	VANGUARD INDEX FDS	922908736	22,224	$10.8M	2.37%
12	DIMENSIONAL ETF TRUST	25434V880	324,812	$10.6M	2.33%
13	DIMENSIONAL ETF TRUST	25434V872	249,044	$10.6M	2.32%
14	ISHARES TR	46434V647	421,282	$10.5M	2.30%
15	JOHN HANCOCK EXCHANGE TRADED	47804J107	131,506	$10.5M	2.30%
16	INVESCO EXCH TRD SLF IDX FD	IVZ	167,428	$10.2M	2.24%
17	SPDR SERIES TRUST	78464A649	352,597	$9.1M	1.99%
18	SPDR SERIES TRUST	78464A656	345,832	$9.0M	1.96%
19	SPDR SERIES TRUST	78464A821	92,965	$8.6M	1.88%
20	HARTFORD FDS EXCHANGE TRADED	41653L503	208,888	$8.2M	1.79%