Institutional Manager · CIK 0001962449

Kestra Investment Management, LLC

AUSTIN, TX · File #028-24349

Latest AUM

$4.09B

Positions

429

Top-10 Concentration

53.1%

Filings

Portfolio Value Over Time

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	AMERICAN CENTY ETF TR	025072604	+1,435,866	+$110.6M	+$75,820
REDUCE	ISHARES INC	46434G103	-1,085,113	-$72.9M	+$1.4M
REDUCE	VANGUARD INDEX FDS	922908629	-213,904	-$62.1M	-$2.5M
NEW	FIDELITY COVINGTON TRUST	316092527	+1,257,283	+$55.5M	$0
ADD	ISHARES TR	464287671	+326,483	+$54.8M	+$2.7M
REDUCE	ISHARES TR	464288646	-901,633	-$47.7M	-$188,593
ADD	ISHARES TR	464287663	+401,238	+$41.1M	+$8.7M
ADD	VANGUARD CHARLOTTE FDS	92203J407	+761,897	+$36.8M	-$10,797
NEW	GLOBAL X FDS	37954Y673	+673,808	+$32.2M	$0
ADD	SPDR SERIES TRUST	78464A409	+269,602	+$28.8M	+$5.1M

Sector Allocation

Financials

4.0%$164.0M

Technology

3.3%$133.6M

Consumer Discretionary

0.9%$38.0M

Healthcare

0.9%$37.2M

Industrials

0.5%$22.3M

Communication Services

0.5%$20.4M

0.3%$10.6M

0.2%$9.0M

0.2%$7.4M

0.2%$7.4M

0.1%$4.2M

Filing History

Feb 9, 202613F HOLDINGS REPORTQ/E Dec 2025429 pos · $4.09B
Nov 17, 202513F HOLDINGS REPORTQ/E Sep 2025433 pos · $3.73B
Aug 18, 202513F HOLDINGS REPORT (Amended)Q/E Jun 2025721 pos · $3.30B
Aug 15, 202513F HOLDINGS REPORTQ/E Jun 2025897 pos · $3.19B
May 16, 202513F HOLDINGS REPORTQ/E Mar 2025376 pos · $2.61B
May 16, 202513F HOLDINGS REPORT (Amended)Q/E Mar 2025897 pos · $3.19B
Jan 31, 202513F HOLDINGS REPORTQ/E Dec 20241,283 pos · $2.54B
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 2024343 pos · $2.33B
Aug 28, 202413F COMBINATION REPORTQ/E Jun 2024269 pos · $1.47B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287663	3,772,169	$386.8M	10.99%
2	SPDR SERIES TRUST	78464A409	2,615,739	$279.1M	7.93%
3	ISHARES TR	46434V613	4,604,175	$214.3M	6.09%
4	VANGUARD INTL EQUITY INDEX F	922042775	2,886,475	$212.3M	6.03%
5	ISHARES TR	464287671	1,131,808	$190.1M	5.40%
6	ISHARES TR	46432F339	818,786	$162.6M	4.62%
7	DIMENSIONAL ETF TRUST	25434V807	2,442,525	$121.9M	3.46%
8	AMERICAN CENTY ETF TR	025072604	1,475,543	$113.6M	3.23%
9	VANGUARD INDEX FDS	922908629	328,543	$95.3M	2.71%
10	CAPITAL GROUP GROWTH ETF	14020G101	2,099,816	$93.4M	2.65%
11	CAPITAL GROUP DIVIDEND VALUE	14020W106	2,045,637	$89.3M	2.54%
12	DIMENSIONAL ETF TRUST	25434V799	2,510,632	$86.5M	2.46%
13	DIMENSIONAL ETF TRUST	25434V765	2,671,379	$84.6M	2.40%
14	JANUS DETROIT STR TR	47103U845	1,510,609	$76.4M	2.17%
15	BLACKROCK ETF TRUST II	BLK	1,252,271	$66.1M	1.88%
16	FIDELITY COVINGTON TRUST	316092808	278,876	$62.7M	1.78%
17	SSGA ACTIVE ETF TR	78467V848	1,548,613	$62.3M	1.77%
18	ISHARES TR	464288588	593,590	$56.5M	1.61%
19	WISDOMTREE TR	WT	1,208,266	$56.4M	1.60%
20	ISHARES TR	464287408	264,985	$56.2M	1.60%