Institutional Manager · CIK 0002043986

HOWARD BAILEY SECURITIES, LLC

FORT WAYNE, IN · File #028-24436

Latest AUM

$253.8M

Positions

141

Top-10 Concentration

49.1%

Filings

Portfolio Value Over Time

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	WISDOMTREE TR	WT	-113,733	-$10.2M	+$59,113
NEW	AMERICAN CENTY ETF TR	025072174	+132,605	+$9.7M	$0
REDUCE	WISDOMTREE TR	WT	-160,039	-$8.8M	+$163,854
REDUCE	SCHWAB STRATEGIC TR	808524300	-239,409	-$7.8M	+$189,204
ADD	ISHARES TR	464289438	+25,340	+$7.0M	+$277,844
REDUCE	WISDOMTREE TR	WT	-145,782	-$6.4M	-$37,242
NEW	AIM ETF PRODUCTS TRUST	00888H877	+177,439	+$6.2M	$0
REDUCE	WISDOMTREE TR	WT	-134,462	-$5.9M	+$262,260
ADD	CAPITOL SER TR	14064D444	+227,177	+$5.8M	-$111,623
REDUCE	WISDOMTREE TR	WT	-140,284	-$5.5M	+$170,270

Sector Allocation

Financials

4.1%$10.4M

Technology

3.7%$9.5M

Materials

2.3%$5.8M

Consumer Discretionary

0.8%$2.0M

0.8%$2.0M

0.7%$1.8M

0.2%$547,282

0.2%$521,983

Communication Services

0.2%$519,526

Real Estate

0.1%$338,284

Energy

0.1%$293,269

Filing History

Feb 27, 202613F COMBINATION REPORT (Amended)Q/E Dec 2025144 pos · $351.3M
Feb 27, 202613F COMBINATION REPORT (Amended)Q/E Dec 2025150 pos · $324.4M
Feb 27, 202613F COMBINATION REPORT (Amended)Q/E Dec 2025154 pos · $300.1M
Feb 11, 202613F COMBINATION REPORTQ/E Dec 2025141 pos · $253.8M
Nov 4, 202513F HOLDINGS REPORTQ/E Sep 2025134 pos · $266.2M
Aug 7, 202513F HOLDINGS REPORTQ/E Jun 2025145 pos · $260.9M
Apr 17, 202513F HOLDINGS REPORTQ/E Mar 2025149 pos · $247.8M
Jan 29, 202513F HOLDINGS REPORTQ/E Dec 2024165 pos · $269.3M
Nov 8, 202413F HOLDINGS REPORTQ/E Sep 2024164 pos · $263.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464289438	103,846	$28.4M	9.22%
2	CAPITOL SER TR	14064D444	1,089,240	$27.8M	9.00%
3	ISHARES TR	464289420	182,144	$16.0M	5.19%
4	WISDOMTREE TR	WT	169,910	$15.1M	4.90%
5	WISDOMTREE TR	WT	257,127	$13.9M	4.50%
6	SCHWAB STRATEGIC TR	808524300	351,097	$11.2M	3.63%
7	WISDOMTREE TR	WT	240,737	$10.7M	3.46%
8	SPDR SERIES TRUST	78464A854	128,911	$10.1M	3.28%
9	ISHARES TR	464288877	138,306	$9.4M	3.04%
10	ISHARES TR	464288885	78,281	$8.9M	2.89%
11	ISHARES TR	464287473	62,957	$8.8M	2.85%
12	WISDOMTREE TR	WT	208,363	$8.7M	2.83%
13	WISDOMTREE TR	WT	212,409	$8.1M	2.61%
14	WISDOMTREE TR	WT	85,098	$7.4M	2.40%
15	AIM ETF PRODUCTS TRUST	00888H661	217,151	$6.7M	2.17%
16	ISHARES INC	46434G103	92,486	$6.1M	1.98%
17	WISDOMTREE TR	WT	115,206	$6.0M	1.95%
18	WISDOMTREE TR	WT	147,709	$5.9M	1.91%
19	WISDOMTREE TR	WT	92,183	$5.3M	1.72%
20	PIMCO ETF TR	72201R577	48,923	$5.0M	1.61%