Madrid Financial Services

MANHATTAN BEACH, CA

$189m in 26 US stocks at the end of 30 June 2026. The top 10 are 73.3% of the money. It changed about 11.2% of the portfolio this quarter.

Value

$189m

Stocks

Top 10 share

73.3%

Turnover

11.2%

What changed this quarter

New

Bought for the first time this quarter.

Vaneck ETF TrustREMX
2.2% of the fund
Spdr Series TrustBIL
0.2% of the fund

Added

Bought more of a stock they already held.

Global X FDSMLPA
13.7% of the fund
+4%
Ishares TRAOR
11.2% of the fund
+12%
Invesco QQQ TRQQQ
7.0% of the fund
+44%
Vaneck ETF TrustGDX
6.3% of the fund
+6%
Spdr Series TrustSPYV
6.1% of the fund
+6%
Wisdomtree TRDXJ
5.6% of the fund
+9%
State STR Spdr S&P 500 ETF TSPY
5.3% of the fund
+9%
Invesco Exchange Traded FD TPPA
5.2% of the fund
+8%
Ishares TRIEFA
4.7% of the fund
+5%
Ishares TRIJH
4.4% of the fund
+7%
Wisdomtree TRDTH
4.2% of the fund
+19%
Vaneck ETF TrustNLR
4.1% of the fund
+4%
Ishares TRIWM
3.9% of the fund
+4%
Ishares TRAOA
1.5% of the fund
+19%
Ishares Core 30/70AOK
0.5% of the fund
+14%
Ishares TRAOM
0.1% of the fund
+5%

Cut

Sold some of their stake.

Global X FDSMLPX
4.5% of the fund
-10%
WalmartWMT
0.1% of the fund
-5%

Sold out

Sold their entire stake.

Spdr Series TrustXOP
-100%
Alps ETF TRSMTH
-100%

Holdings

Global X FDSMLPA
Share
13.7%
Value
$26m
Shares
488,670
+4%
Ishares TRAOR
Share
11.2%
Value
$21m
Shares
305,776
+12%
IsharesEWY
Share
8.1%
Value
$15m
Shares
75,563
Held
Invesco QQQ TRQQQ
Share
7.0%
Value
$13m
Shares
18,029
+44%
Vaneck ETF TrustGDX
Share
6.3%
Value
$12m
Shares
158,703
+6%
Spdr Series TrustSPYV
Share
6.1%
Value
$12m
Shares
190,549
+6%
Wisdomtree TRDXJ
Share
5.6%
Value
$11m
Shares
61,163
+9%
State STR Spdr S&P 500 ETF TSPY
Share
5.3%
Value
$10m
Shares
13,369
+9%
Invesco Exchange Traded FD TPPA
Share
5.2%
Value
$10m
Shares
55,691
+8%
Ishares TRIEFA
Share
4.7%
Value
$9m
Shares
91,538
+5%
Global X FDSMLPX
Share
4.5%
Value
$9m
Shares
115,817
-10%
Ishares TRIJH
Share
4.4%
Value
$8m
Shares
108,847
+7%
Wisdomtree TRDTH
Share
4.2%
Value
$8m
Shares
146,900
+19%
Vaneck ETF TrustNLR
Share
4.1%
Value
$8m
Shares
67,263
+4%
Ishares TRIWM
Share
3.9%
Value
$7m
Shares
24,438
+4%
Vaneck ETF TrustREMX
Share
2.2%
Value
$4m
Shares
46,281
New
Ishares TRAOA
Share
1.5%
Value
$3m
Shares
28,378
+19%
Ishares Core 30/70AOK
Share
0.5%
Value
$933,673
Shares
22,509
+14%
EA Series TrustBSVO
Share
0.3%
Value
$575,183
Shares
19,705
Held
Spdr Series TrustBIL
Share
0.2%
Value
$371,509
Shares
4,054
New
Fidelity Covington TrustFELC
Share
0.2%
Value
$335,280
Shares
8,000
Held
NvidiaNVDA
Share
0.2%
Value
$324,745
Shares
1,623
Held
Amazon.comAMZN
Share
0.1%
Value
$274,091
Shares
1,150
Held
Ishares TRLQD
Share
0.1%
Value
$259,041
Shares
2,375
Held
WalmartWMT
Share
0.1%
Value
$237,846
Shares
2,100
-5%
Ishares TRAOM
Share
0.1%
Value
$236,406
Shares
4,739
+5%

Company	Share of fund	Value	Shares	Change
Global X FDSMLPA	13.7%	$26m	488,670	+4%
Ishares TRAOR	11.2%	$21m	305,776	+12%
IsharesEWY	8.1%	$15m	75,563	Held
Invesco QQQ TRQQQ	7.0%	$13m	18,029	+44%
Vaneck ETF TrustGDX	6.3%	$12m	158,703	+6%
Spdr Series TrustSPYV	6.1%	$12m	190,549	+6%
Wisdomtree TRDXJ	5.6%	$11m	61,163	+9%
State STR Spdr S&P 500 ETF TSPY	5.3%	$10m	13,369	+9%
Invesco Exchange Traded FD TPPA	5.2%	$10m	55,691	+8%
Ishares TRIEFA	4.7%	$9m	91,538	+5%
Global X FDSMLPX	4.5%	$9m	115,817	-10%
Ishares TRIJH	4.4%	$8m	108,847	+7%
Wisdomtree TRDTH	4.2%	$8m	146,900	+19%
Vaneck ETF TrustNLR	4.1%	$8m	67,263	+4%
Ishares TRIWM	3.9%	$7m	24,438	+4%
Vaneck ETF TrustREMX	2.2%	$4m	46,281	New
Ishares TRAOA	1.5%	$3m	28,378	+19%
Ishares Core 30/70AOK	0.5%	$933,673	22,509	+14%
EA Series TrustBSVO	0.3%	$575,183	19,705	Held
Spdr Series TrustBIL	0.2%	$371,509	4,054	New
Fidelity Covington TrustFELC	0.2%	$335,280	8,000	Held
NvidiaNVDA	0.2%	$324,745	1,623	Held
Amazon.comAMZN	0.1%	$274,091	1,150	Held
Ishares TRLQD	0.1%	$259,041	2,375	Held
WalmartWMT	0.1%	$237,846	2,100	-5%
Ishares TRAOM	0.1%	$236,406	4,739	+5%

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 18.2% since 30 September 2025.

Where the money is

Technology0.2%

Retail & consumer0.1%

Everyday goods0.1%

Other99.6%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.