Institutional Manager · CIK 0002003287

Financial Perspectives, Inc

MINNEAPOLIS, MN · File #028-23491

Latest AUM

$371.2M

Positions

714

Top-10 Concentration

52.4%

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	VANGUARD WHITEHALL FDS	921946794	+9,402	+$846,181	+$661,257
REDUCE	ALTRIA GROUP INC	MO	-7,885	-$453,913	-$68,998
ADD	ISHARES TR	464287309	+3,398	+$418,839	+$242,100
ADD	ISHARES TR	464287200	+597	+$408,908	+$107,444
ADD	FIDELITY COVINGTON TRUST	316092303	+7,021	+$345,364	-$79,789
ADD	SERVICENOW INC	NOW	+2,180	+$333,954	-$418,064
ADD	CAPITAL GROUP GBL GROWTH EQT	14020X104	+9,099	+$315,279	+$28,518
REDUCE	CATERPILLAR INC	CAT	-500	-$286,435	+$109,887
ADD	CANADIAN NAT RES LTD	136385101	+7,685	+$260,133	+$48,815
ADD	ISHARES TR	46434V621	+3,682	+$255,603	+$88,077

Sector Allocation

Technology

17.1%$63.4M

Healthcare

12.4%$45.9M

Consumer Discretionary

4.0%$14.7M

Financials

2.2%$8.1M

Industrials

1.3%$4.9M

Communication Services

0.9%$3.3M

0.5%$1.7M

0.3%$1.2M

0.3%$1.0M

0.2%$878,774

0.1%$229,832

Filing History

Jan 28, 202613F HOLDINGS REPORTQ/E Dec 2025714 pos · $371.2M
Oct 22, 202513F HOLDINGS REPORTQ/E Sep 2025724 pos · $360.6M
Jul 30, 202513F HOLDINGS REPORTQ/E Jun 2025724 pos · $330.8M
Apr 18, 202513F HOLDINGS REPORTQ/E Mar 2025724 pos · $292.1M
Feb 3, 202513F HOLDINGS REPORTQ/E Dec 2024726 pos · $297.7M
Oct 17, 202413F HOLDINGS REPORTQ/E Sep 2024685 pos · $288.5M
Aug 9, 202413F HOLDINGS REPORTQ/E Jun 2024681 pos · $270.8M
Apr 19, 202413F HOLDINGS REPORTQ/E Mar 2024669 pos · $263.8M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD WORLD FD	92204A702	27,803	$21.0M	7.10%
2	MEDTRONIC PLC	MDT	217,302	$20.9M	7.08%
3	VANGUARD WHITEHALL FDS	921946406	144,312	$20.7M	7.02%
4	APPLE INC	AAPL	63,890	$17.4M	5.89%
5	MICROSOFT CORP	MSFT	33,225	$16.1M	5.45%
6	BOSTON SCIENTIFIC CORP	BSX	135,167	$12.9M	4.37%
7	ISHARES TR	464287309	98,702	$12.2M	4.12%
8	VANGUARD WHITEHALL FDS	921946794	133,702	$12.0M	4.08%
9	BROADCOM INC	AVGO	32,483	$11.2M	3.81%
10	TAIWAN SEMICONDUCTOR MFG LTD	874039100	33,546	$10.2M	3.46%
11	VANGUARD SPECIALIZED FUNDS	921908844	45,674	$10.0M	3.40%
12	VANGUARD WHITEHALL FDS	921946810	108,917	$10.0M	3.38%
13	ISHARES TR	46429B663	74,187	$9.0M	3.06%
14	ALPHABET INC	GOOG	27,615	$8.7M	2.94%
15	NVIDIA CORPORATION	NVDA	45,051	$8.4M	2.85%
16	FIDELITY COVINGTON TRUST	316092808	29,120	$6.5M	2.22%
17	FIDELITY COVINGTON TRUST	316092303	129,789	$6.4M	2.16%
18	ISHARES TR	464287200	7,485	$5.1M	1.74%
19	AMAZON COM INC	AMZN	22,181	$5.1M	1.74%
20	SPDR S&P 500 ETF TR	SPY	7,112	$4.8M	1.64%