Institutional Manager · CIK 0001798736

Capital Square, LLC

CHATTANOOGA, TN · File #028-19799

Latest AUM

$196.0M

Positions

221

Top-10 Concentration

41.2%

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
REDUCE	ISHARES TR PFD AND INCM SEC	464288687	-379,326	-$117.4M	+$113.6M
ADD	VANECK PREFERRED SECURITIES EX FINANCIALS ETF	92189F429	+116,404	+$2.1M	-$5,891
REDUCE	AMERICAN TOWER CORPORATION NEW REIT	03027X100	-7,129	-$1.3M	-$169,086
NEW	EATON CORPORATION PLC SHS	ETN	+3,721	+$1.2M	$0
REDUCE	TCW FLEXIBLE INCOME ETF	29287L700	-28,588	-$1.1M	-$26,247
NEW	VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF	921946810	+11,077	+$1.0M	$0
ADD	ISHARES TR 20 YR TR BD ETF	464287432	+10,642	+$927,574	-$27,101
REDUCE	CROWN CASTLE INCORPORATED REIT	CCI	-7,595	-$674,889	-$89,252
ADD	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	81369Y803	+4,219	+$607,391	-$569,385
REDUCE	WELLTOWER INCORPORATED REIT	WELL	-3,213	-$596,421	+$65,761

Sector Allocation

Real Estate

6.0%$11.7M

Consumer Discretionary

5.1%$10.0M

5.1%$10.0M

5.1%$10.0M

4.3%$8.4M

3.0%$6.0M

2.2%$4.4M

1.9%$3.8M

1.9%$3.6M

1.7%$3.4M

Communication Services

0.8%$1.5M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 2025221 pos · $196.0M
Nov 21, 202513F HOLDINGS REPORTQ/E Sep 2025210 pos · $196.1M
Aug 11, 202513F HOLDINGS REPORTQ/E Jun 2025201 pos · $187.6M
May 14, 202513F HOLDINGS REPORTQ/E Mar 2025191 pos · $170.3M
Feb 13, 202513F HOLDINGS REPORTQ/E Dec 2024189 pos · $176.0M
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 2024169 pos · $164.7M
Aug 1, 202413F HOLDINGS REPORTQ/E Jun 2024159 pos · $153.8M
May 7, 202413F HOLDINGS REPORTQ/E Mar 2024156 pos · $141.7M
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 202399 pos · $74.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD TOTAL STOCK MARKET ETF	922908769	37,259	$12.5M	9.68%
2	ISHARES TR PFD AND INCM SEC	464288687	29,371	$9.1M	7.05%
3	ELI LILLY & COMPANY	LLY	5,552	$6.0M	4.62%
4	AMAZON COM INCORPORATED	AMZN	19,630	$4.5M	3.51%
5	TCW FLEXIBLE INCOME ETF	29287L700	102,650	$4.1M	3.15%
6	ALTRIA GROUP INCORPORATED	MO	65,215	$3.8M	2.91%
7	AMPLIFY CWP ENHANCED DIVIDEND INCOME ETF	032108409	78,311	$3.5M	2.70%
8	APPLE INCORPORATED	AAPL	12,587	$3.4M	2.65%
9	VANGUARD TOTAL BOND MARKET ETF	921937835	44,464	$3.3M	2.55%
10	HOME DEPOT INCORPORATED	HD	8,808	$3.0M	2.35%
11	VANECK PREFERRED SECURITIES EX FINANCIALS ETF	92189F429	169,968	$3.0M	2.33%
12	CARETRUST REIT INCORPORATED REIT	CTRE	82,840	$3.0M	2.32%
13	REALTY INCOME CORPORATION REIT	O	47,952	$2.7M	2.09%
14	UNITED PARCEL SERVICE INCORPORATED CLASS B	UPS	26,812	$2.7M	2.06%
15	NVIDIA CORPORATION	NVDA	14,236	$2.7M	2.06%
16	FIRST HORIZON CORPORATION	FHN-PH	111,042	$2.7M	2.06%
17	ISHARES TR S&P 500 GRWT ETF	464287309	21,352	$2.6M	2.04%
18	RITHM CAPITAL CORPORATION COM NEW REIT	RITM-PF	240,327	$2.6M	2.03%
19	WP CAREY INCORPORATED REIT	92936U109	38,193	$2.5M	1.91%
20	ISHARES TR MRGSTR MD CP GRW	464288307	29,652	$2.4M	1.83%