Institutional Manager · CIK 0002001900

Modern Wealth Management, LLC

LENEXA, KS · File #028-23804

Latest AUM

$5.48B

Positions

2,458

Top-10 Concentration

39.0%

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
REDUCE	JANUS DETROIT STR TR	47103U845	-2,550,824	-$129.2M	-$303,538
ADD	SPDR SERIES TRUST	78464A805	+1,443,599	+$119.1M	+$26
REDUCE	FIDELITY MERRIMACK STR TR	316188309	-2,164,975	-$99.7M	-$434,212
REDUCE	VICTORY PORTFOLIOS II	92647X830	-1,693,792	-$66.7M	+$3.2M
REDUCE	JANUS DETROIT STR TR	47103U852	-1,399,217	-$63.9M	+$28,046
REDUCE	AMERICAN CENTY ETF TR	025072604	-688,072	-$53.0M	+$1.3M
REDUCE	SPDR SERIES TRUST	78468R101	-1,745,195	-$51.1M	-$70,851
REDUCE	SPDR SERIES TRUST	78464A508	-812,208	-$46.1M	+$1.2M
REDUCE	ISHARES TR	464287234	-831,595	-$45.5M	+$1.1M
ADD	BERKSHIRE HATHAWAY INC DEL	BRK-A	+90,028	+$45.3M	-$26

Sector Allocation

Financials

9.7%$532.9M

Technology

6.0%$332.2M

Consumer Discretionary

1.3%$68.8M

1.1%$61.2M

0.7%$39.2M

0.7%$38.5M

0.4%$21.1M

Communication Services

0.4%$20.7M

Real Estate

0.2%$11.8M

Utilities

0.2%$11.0M

Materials

0.1%$4.4M

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 20252,458 pos · $5.48B
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 20252,333 pos · $5.05B
Nov 12, 202513F HOLDINGS REPORT (Amended)Q/E Sep 20252,246 pos · $4.06B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 20252,162 pos · $4.01B
Jun 2, 202513F HOLDINGS REPORT (Amended)Q/E Jun 20251,871 pos · $3.12B
Jun 2, 202513F HOLDINGS REPORT (Amended)Q/E Jun 202517 pos · $4.3M
May 30, 202513F HOLDINGS REPORT (Amended)Q/E Mar 20251,115 pos · $1.63B
May 30, 202513F HOLDINGS REPORT (Amended)Q/E Mar 20252 pos · $301,784
May 30, 202513F HOLDINGS REPORT (Amended)Q/E Mar 202526 pos · $4.6M
May 30, 202513F HOLDINGS REPORT (Amended)Q/E Mar 20251,377 pos · $2.67B
May 30, 202513F HOLDINGS REPORT (Amended)Q/E Mar 202522 pos · $4.4M
May 30, 202513F HOLDINGS REPORT (Amended)Q/E Mar 20251,344 pos · $2.51B
May 29, 202513F HOLDINGS REPORT (Amended)Q/E Mar 2025958 pos · $1.30B
May 29, 202513F HOLDINGS REPORT (Amended)Q/E Mar 202558 pos · $52.2M
May 29, 202513F HOLDINGS REPORT (Amended)Q/E Mar 20251,068 pos · $1.47B
May 29, 202513F HOLDINGS REPORT (Amended)Q/E Mar 20252 pos · $301,784
May 29, 202513F HOLDINGS REPORT (Amended)Q/E Mar 2025763 pos · $1.06B
May 29, 202513F HOLDINGS REPORT (Amended)Q/E Mar 202526 pos · $12.3M
May 28, 202513F HOLDINGS REPORT (Amended)Q/E Mar 202517 pos · $1.7M
May 28, 202513F HOLDINGS REPORT (Amended)Q/E Mar 2025372 pos · $790.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	FIDELITY MERRIMACK STR TR	316188309	3,617,394	$166.5M	5.55%
2	JANUS DETROIT STR TR	47103U845	2,618,302	$132.4M	4.41%
3	APPLE INC	AAPL	459,650	$125.0M	4.16%
4	SPDR SERIES TRUST	78464A805	1,443,602	$119.1M	3.97%
5	INVESCO QQQ TR	IVZ	189,155	$116.2M	3.87%
6	ISHARES TR	46432F339	580,419	$115.3M	3.84%
7	ISHARES TR	464287200	151,145	$103.5M	3.45%
8	VANGUARD INDEX FDS	922908769	302,978	$101.6M	3.38%
9	ISHARES TR	464287309	815,189	$100.5M	3.35%
10	PUTNAM ETF TRUST	746729300	1,985,251	$90.5M	3.01%
11	MICROSOFT CORP	MSFT	184,156	$89.1M	2.97%
12	J P MORGAN EXCHANGE TRADED F	46641Q670	1,827,449	$86.5M	2.88%
13	JANUS DETROIT STR TR	47103U852	1,740,200	$79.5M	2.65%
14	VICTORY PORTFOLIOS II	92647X830	2,001,547	$78.8M	2.63%
15	SPDR SERIES TRUST	78464A854	950,070	$76.2M	2.54%
16	AMERICAN CENTY ETF TR	025072604	883,258	$68.0M	2.27%
17	SPDR S&P 500 ETF TR	SPY	87,929	$60.0M	2.00%
18	ISHARES TR	46434V282	856,823	$59.5M	1.98%
19	ISHARES TR	464287408	256,450	$54.4M	1.81%
20	SCHWAB STRATEGIC TR	808524201	1,999,995	$53.8M	1.79%