Institutional Manager · CIK 0001802879

Houlihan Financial Resource Group, Ltd.

ASHBURN, VA · File #028-19830

Latest AUM

$263.0M

Positions

109

Top-10 Concentration

47.4%

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	SPDR S&P 500 ETF TR	SPY	+20,479	+$14.1M	+$411,957
ADD	J P MORGAN EXCHANGE TRADED F	46641Q837	+131,391	+$6.7M	-$5,026
ADD	ISHARES TR	464287804	+51,302	+$6.3M	+$228,373
ADD	ALPHABET INC	GOOG	+19,253	+$6.3M	+$1.6M
ADD	VANGUARD INDEX FDS	922908629	+18,003	+$5.3M	-$13,358
ADD	MICROSOFT CORP	MSFT	+11,166	+$5.2M	-$295,095
ADD	ISHARES TR	46434V621	+56,433	+$4.0M	+$123,445
ADD	J P MORGAN EXCHANGE TRADED F	46641Q670	+77,845	+$3.7M	-$4,751
ADD	VANGUARD BD INDEX FDS	921937827	+44,231	+$3.5M	-$2,053
ADD	ISHARES TR	464287200	+4,931	+$3.4M	+$112,534

Sector Allocation

Technology

6.5%$17.1M

Financials

5.1%$13.3M

Consumer Discretionary

3.0%$8.0M

1.4%$3.7M

0.8%$2.0M

0.6%$1.5M

0.6%$1.5M

Communication Services

0.4%$1.2M

Materials

0.3%$897,541

Utilities

0.2%$507,895

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025109 pos · $263.0M
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 202572 pos · $113.9M
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 2025107 pos · $241,206
May 12, 202513F HOLDINGS REPORTQ/E Mar 2025103 pos · $222,647
Feb 11, 202513F HOLDINGS REPORTQ/E Dec 2024103 pos · $234,566
Nov 1, 202413F HOLDINGS REPORTQ/E Sep 2024107 pos · $241,806
Jul 31, 202413F HOLDINGS REPORTQ/E Jun 202462 pos · $146,599
May 6, 202413F HOLDINGS REPORTQ/E Mar 2024102 pos · $222,945
Nov 9, 202313F HOLDINGS REPORTQ/E Dec 202394 pos · $186,810

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR S&P 500 ETF TR	SPY	40,562	$27.9M	12.05%
2	ISHARES TR	464287804	101,872	$12.6M	5.44%
3	ALPHABET INC	GOOG	38,442	$12.5M	5.40%
4	J P MORGAN EXCHANGE TRADED F	46641Q837	215,655	$10.9M	4.73%
5	VANGUARD INDEX FDS	922908629	32,957	$9.7M	4.18%
6	MICROSOFT CORP	MSFT	16,834	$7.8M	3.39%
7	ISHARES TR	46434V621	106,989	$7.5M	3.26%
8	ISHARES TR	464287200	10,316	$7.1M	3.08%
9	VANGUARD BD INDEX FDS	921937827	88,037	$6.9M	3.00%
10	AMAZON COM INC	AMZN	28,208	$6.6M	2.87%
11	SPDR SERIES TRUST	78464A763	39,373	$5.6M	2.44%
12	ISHARES TR	46435U515	219,263	$5.6M	2.42%
13	J P MORGAN EXCHANGE TRADED F	46641Q670	115,070	$5.5M	2.36%
14	ISHARES TR	46436E205	218,932	$5.1M	2.22%
15	ISHARES TR	46429B663	37,692	$4.8M	2.06%
16	VANGUARD INDEX FDS	922908736	9,113	$4.4M	1.91%
17	ISHARES TR	46436E726	197,348	$4.4M	1.89%
18	MASTERCARD INCORPORATED	MA	7,425	$4.1M	1.79%
19	SPDR S&P MIDCAP 400 ETF TR	MDY	6,647	$4.1M	1.77%
20	VISA INC	V	11,134	$3.8M	1.63%