Institutional Manager · CIK 0002049857

Penney Financial, LLC

HOUSTON, TX · File #028-24529

Latest AUM

$259.1M

Positions

Top-10 Concentration

75.6%

Filings

Portfolio Value Over Time

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	ISHARES TR	46436E718	+65,881	+$6.6M	-$37,701
ADD	GOLDMAN SACHS ETF TR	NVGLF	+36,749	+$4.9M	+$911,005
ADD	FRANKLIN TEMPLETON ETF TR	FGDL	+183,905	+$4.6M	+$7,654
ADD	CAPITAL GRP FIXED INCM ETF T	14020Y201	+105,319	+$2.9M	+$5,289
ADD	DIMENSIONAL ETF TRUST	25434V849	+56,568	+$2.7M	+$6,030
ADD	VANGUARD INDEX FDS	922908769	+5,619	+$1.9M	+$841,014
ADD	VANGUARD TAX-MANAGED FDS	921943858	+27,196	+$1.7M	+$802,728
ADD	ISHARES TR	46432F842	+13,159	+$1.2M	+$254,638
ADD	J P MORGAN EXCHANGE TRADED F	46641Q159	+22,269	+$1.0M	-$21,485
ADD	VANGUARD MALVERN FDS	922020748	+11,089	+$863,778	-$39,826

Sector Allocation

Technology

1.4%$3.7M

Energy

0.6%$1.6M

Industrials

0.3%$907,920

Consumer Discretionary

0.3%$712,541

Healthcare

0.1%$320,255

Communication Services

0.1%$253,475

Financials

0.1%$226,208

Filing History

Jan 21, 202613F HOLDINGS REPORTQ/E Dec 202549 pos · $259.1M
Oct 21, 202513F HOLDINGS REPORTQ/E Sep 202549 pos · $223.3M
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 202542 pos · $196.7M
May 2, 202513F HOLDINGS REPORTQ/E Mar 202537 pos · $152.3M
Jan 23, 202513F HOLDINGS REPORTQ/E Dec 202439 pos · $149.1M
Dec 31, 202413F HOLDINGS REPORTQ/E Dec 202434 pos · $136.7M
Dec 31, 202413F HOLDINGS REPORTQ/E Dec 202436 pos · $146.6M
Dec 31, 202413F HOLDINGS REPORTQ/E Dec 202433 pos · $135.4M
Dec 26, 202413F HOLDINGS REPORTQ/E Dec 202431 pos · $120.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	GOLDMAN SACHS ETF TR	NVGLF	472,644	$62.6M	24.14%
2	VANGUARD INDEX FDS	922908769	124,072	$41.6M	16.05%
3	VANGUARD TAX-MANAGED FDS	921943858	341,986	$21.4M	8.24%
4	ISHARES TR	46436E718	183,697	$18.4M	7.12%
5	ISHARES TR	46432F842	131,595	$11.8M	4.54%
6	J P MORGAN EXCHANGE TRADED F	46641Q159	201,316	$9.3M	3.60%
7	VANGUARD WHITEHALL FDS	921946406	60,808	$8.7M	3.37%
8	SCHWAB STRATEGIC TR	808524797	306,674	$8.4M	3.25%
9	MORGAN STANLEY ETF TRUST	MS-PQ	134,473	$6.9M	2.67%
10	VANGUARD MALVERN FDS	922020748	88,421	$6.9M	2.66%
11	FRANKLIN TEMPLETON ETF TR	FGDL	260,442	$6.5M	2.50%
12	VANGUARD INDEX FDS	922908751	24,650	$6.4M	2.45%
13	J P MORGAN EXCHANGE TRADED F	46641Q332	97,787	$5.6M	2.16%
14	CAPITAL GRP FIXED INCM ETF T	14020Y201	164,085	$4.5M	1.73%
15	ISHARES TR	464287226	44,448	$4.4M	1.71%
16	DIMENSIONAL ETF TRUST	25434V849	88,305	$4.3M	1.64%
17	J P MORGAN EXCHANGE TRADED F	46654Q724	63,799	$4.2M	1.64%
18	VANGUARD MUN BD FDS	922907746	73,132	$3.7M	1.42%
19	VANGUARD STAR FDS	921909768	41,273	$3.1M	1.20%
20	SCHWAB STRATEGIC TR	808524102	110,748	$2.9M	1.12%