Institutional Manager · CIK 0002023380

TRAPHAGEN INVESTMENT ADVISORS LLC

ORADELL, NJ · File #028-24154

Latest AUM

$1.22B

Positions

196

Top-10 Concentration

75.9%

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
NEW	BLUEROCK PVT REAL ESTATE FD	09631P102	+1,147,161	+$17.2M	$0
ADD	ISHARES TR	464287200	+10,226	+$7.0M	+$7.2M
ADD	JANUS DETROIT STR TR	47103U746	+64,713	+$3.4M	-$172,086
ADD	VICTORY PORTFOLIOS II	92647X830	+82,791	+$3.3M	+$4.3M
REDUCE	PACER FDS TR	69374H360	-75,348	-$2.7M	-$2.1M
ADD	VICTORY PORTFOLIOS II	92647X764	+87,291	+$2.5M	-$8,407
ADD	AMERICAN CENTY ETF TR	025072885	+20,025	+$2.2M	+$3.8M
ADD	JANUS DETROIT STR TR	47103U845	+30,275	+$1.5M	-$143,867
ADD	VANECK ETF TRUST	92189H649	+54,034	+$1.5M	-$402,116
ADD	TORTOISE CAPITAL SERIES TRUS	890930308	+33,014	+$1.2M	-$814,787

Sector Allocation

Technology

4.9%$59.3M

Financials

2.3%$28.2M

Consumer Discretionary

0.9%$11.3M

Healthcare

0.8%$10.3M

Industrials

0.6%$7.0M

Communication Services

0.4%$5.3M

0.4%$4.8M

0.4%$4.4M

0.1%$1.6M

0.0%$241,762

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 2025196 pos · $1.22B
Oct 7, 202513F HOLDINGS REPORTQ/E Sep 2025192 pos · $1.16B
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 2025188 pos · $1.06B
Apr 17, 202513F HOLDINGS REPORTQ/E Mar 2025183 pos · $958.0M
Jan 17, 202513F HOLDINGS REPORTQ/E Dec 2024180 pos · $983.0M
Oct 21, 202413F HOLDINGS REPORTQ/E Sep 2024176 pos · $991.2M
Jul 23, 202413F HOLDINGS REPORTQ/E Jun 2024174 pos · $12.7M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024141 pos · $557.5M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024117 pos · $373.3M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024129 pos · $442.3M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024163 pos · $788.9M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024149 pos · $680.3M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024135 pos · $545.0M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024107 pos · $354.4M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024115 pos · $383.7M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024149 pos · $588.2M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024130 pos · $493.6M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024173 pos · $852.1M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024144 pos · $636.6M
Jun 17, 202413F HOLDINGS REPORTQ/E Jun 2024140 pos · $554.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	472,993	$324.0M	28.83%
2	AMERICAN CENTY ETF TR	025072885	1,253,450	$140.1M	12.47%
3	VICTORY PORTFOLIOS II	92647X830	2,392,021	$94.2M	8.38%
4	PACER FDS TR	69374H360	1,853,892	$65.3M	5.81%
5	FIRST TR EXCHANGE TRADED FD	33737A108	356,517	$54.6M	4.85%
6	JANUS DETROIT STR TR	47103U746	884,218	$46.0M	4.10%
7	JANUS DETROIT STR TR	47103U845	749,564	$37.9M	3.37%
8	APPLE INC	AAPL	138,524	$37.7M	3.35%
9	ISHARES TR	46436E718	264,628	$26.6M	2.36%
10	VANGUARD SCOTTSDALE FDS	92206C706	443,082	$26.6M	2.36%
11	TORTOISE CAPITAL SERIES TRUS	890930308	737,773	$26.0M	2.32%
12	VANECK ETF TRUST	92189H649	891,760	$24.2M	2.15%
13	BLUEROCK PVT REAL ESTATE FD	09631P102	1,147,161	$17.2M	1.53%
14	VANGUARD INDEX FDS	922908363	24,014	$15.1M	1.34%
15	VANGUARD INDEX FDS	922908769	44,327	$14.9M	1.32%
16	ISHARES TR	464287457	163,997	$13.6M	1.21%
17	CME GROUP INC	CME	48,536	$13.3M	1.18%
18	BITWISE BITCOIN ETF TR	BITB	255,890	$12.2M	1.08%
19	BERKSHIRE HATHAWAY INC DEL	BRK-A	14	$10.6M	0.94%
20	INTERCONTINENTAL EXCHANGE IN	45866F104	56,203	$9.1M	0.81%