Institutional Manager · CIK 0001963807

Goldstein Advisors, LLC

Madison, WI · File #028-22809

Latest AUM

$877.7M

Positions

225

Top-10 Concentration

64.0%

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	NOMURA ETF TR	NRSCF	+825,825	+$33.2M	$0
REDUCE	ISHARES TR	46432F339	-118,868	-$23.6M	+$1.2M
ADD	VICTORY PORTFOLIOS II	92647X830	+475,255	+$18.7M	+$3.0M
ADD	INVESCO EXCH TRADED FD TR II	IVZ	+93,342	+$11.1M	-$176,098
REDUCE	AMERICAN CENTY ETF TR	025072703	-58,099	-$4.8M	+$723,073
ADD	BLACKROCK ETF TRUST	BLK	+71,548	+$2.8M	+$525,629
ADD	PGIM ETF TR	69344A107	+45,454	+$2.3M	-$19,916
ADD	GOLDMAN SACHS ETF TR	NVGLF	+15,949	+$2.1M	+$1.4M
REDUCE	VICTORY PORTFOLIOS II	92647X863	-89,707	-$2.0M	-$75,163
ADD	SELECT SECTOR SPDR TR	81369Y803	+9,010	+$1.3M	-$961,287

Sector Allocation

Financials

9.4%$82.9M

Technology

2.9%$25.0M

Consumer Discretionary

0.6%$5.1M

Communication Services

0.5%$4.1M

0.4%$3.7M

0.3%$2.9M

0.2%$2.1M

0.2%$1.7M

0.1%$757,182

0.1%$777,635

0.0%$34,840

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025225 pos · $877.7M
Oct 21, 202513F HOLDINGS REPORTQ/E Sep 2025204 pos · $822.9M
Jul 29, 202513F HOLDINGS REPORTQ/E Jun 2025210 pos · $744.4M
Apr 23, 202513F HOLDINGS REPORTQ/E Mar 2025202 pos · $684.0M
Jan 17, 202513F HOLDINGS REPORTQ/E Dec 2024202 pos · $688.6M
Oct 24, 202413F HOLDINGS REPORTQ/E Sep 2024205 pos · $657.9M
Jul 24, 202413F HOLDINGS REPORTQ/E Jun 2024185 pos · $598.0M
May 13, 202413F HOLDINGS REPORTQ/E Mar 2024178 pos · $585.7M
Oct 18, 202313F HOLDINGS REPORTQ/E Dec 2023167 pos · $479.1M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287150	636,664	$94.7M	11.87%
2	GOLDMAN SACHS ETF TR	NVGLF	675,305	$89.4M	11.21%
3	VICTORY PORTFOLIOS II	92647X830	2,084,626	$82.1M	10.29%
4	J P MORGAN EXCHANGE TRADED F	46654Q609	644,799	$59.8M	7.50%
5	ISHARES TR	46432F339	169,196	$33.6M	4.21%
6	NOMURA ETF TR	NRSCF	825,825	$33.2M	4.16%
7	BLACKROCK ETF TRUST	BLK	822,446	$31.7M	3.98%
8	VICTORY PORTFOLIOS II	92647X863	1,413,555	$31.1M	3.90%
9	LITMAN GREGORY FDS TR	53700T827	1,050,555	$29.5M	3.70%
10	PIMCO ETF TR	72201R775	269,010	$25.0M	3.14%
11	INVESCO EXCH TRADED FD TR II	IVZ	194,548	$23.2M	2.91%
12	THE ALGER ETF TRUST	015564503	608,647	$22.0M	2.76%
13	AMERICAN CENTY ETF TR	025072505	412,111	$20.8M	2.60%
14	HARTFORD FDS EXCHANGE TRADED	41653L503	511,050	$20.0M	2.51%
15	ISHARES TR	46432F834	202,739	$17.2M	2.15%
16	LATTICE STRATEGIES TR	518416102	441,849	$16.3M	2.05%
17	ISHARES TR	464287101	47,001	$16.1M	2.02%
18	AMERICAN CENTY ETF TR	025072703	153,326	$12.6M	1.58%
19	J P MORGAN EXCHANGE TRADED F	46641Q845	228,459	$11.4M	1.43%
20	GLOBAL X FDS	37960A529	161,795	$10.5M	1.31%