GREENBERG FINANCIAL GROUP

Portfolio Overview

GREENBERG FINANCIAL GROUP disclosed 113 positions worth $242.9M in its Form 13F-HR for Q4 2025 — $242.8M in common stock plus $24,888 of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) at 14.9% of the equity portfolio, followed by $QQQ and $IVZ. During the quarter the fund opened 20 new positions and exited 33 — including a new stake in $PYPL. The portfolio is most concentrated in Other (63.7% of disclosed assets). All figures are sourced directly from GREENBERG FINANCIAL GROUP’s Form 13F-HR filing with the SEC under CIK 946626.

• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $36.2M53,024 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $21.7M35,342 sh
• 

  Invesco Ltd.

  $IVZ

  —

  Quality

  $13.7M71,618 sh

• SPDR DOW JONES INDL AVERAGE

  —

  Quality

  $10.4M21,732 sh
• 

  Apple Inc.

  $AAPL

  76.3

  Quality

  $10.4M38,135 sh

• ISHARES TR

  —

  Quality

  $9.9M40,023 sh

• ISHARES TR

  —

  Quality

  $9.7M147,594 sh
• 

  MICROSOFT CORP

  $MSFT

  79.7

  Quality

  $9.6M19,777 sh

• ISHARES TR

  —

  Quality

  $9.0M64,112 sh

• VANGUARD WHITEHALL FDS

  —

  Quality

  $7.9M55,329 sh

Company	Quality	Value	Shares
SPDR S&P 500 ETF TRUST$SPY	—	$36.2M	53,024
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$21.7M	35,342
Invesco Ltd.$IVZ	—	$13.7M	71,618
SPDR DOW JONES INDL AVERAGE	—	$10.4M	21,732
Apple Inc.$AAPL	76.3	$10.4M	38,135
ISHARES TR	—	$9.9M	40,023
ISHARES TR	—	$9.7M	147,594
MICROSOFT CORP$MSFT	79.7	$9.6M	19,777
ISHARES TR	—	$9.0M	64,112
VANGUARD WHITEHALL FDS	—	$7.9M	55,329

Showing top 10 of 113 holdings.

Full Holdings — GREENBERG FINANCIAL GROUP (Q4 2025)

All 113 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$SPY	SPDR S&P 500 ETF TRUST	$36.2M	14.9%	-2%	—
2	$QQQ	INVESCO QQQ TRUST, SERIES 1	$21.7M	8.9%	+3%	—
3	$IVZ	Invesco Ltd.	$13.7M	5.7%	-1%	—
4	—	SPDR DOW JONES INDL AVERAGE	$10.4M	4.3%	+0%	—
5	$AAPL	Apple Inc.	$10.4M	4.3%	-0%	76.3
6	—	ISHARES TR	$9.9M	4.1%	+6%	—
7	—	ISHARES TR	$9.7M	4.0%	+4%	—
8	$MSFT	MICROSOFT CORP	$9.6M	3.9%	+0%	79.7
9	—	ISHARES TR	$9.0M	3.7%	-0%	—
10	—	VANGUARD WHITEHALL FDS	$7.9M	3.3%	+2%	—
11	—	ISHARES TR	$7.4M	3.1%	-3%	—
12	—	ISHARES TR	$6.6M	2.7%	+10%	—
13	$NVDA	NVIDIA CORP	$6.3M	2.6%	-12%	85.9
14	$ROP	ROPER TECHNOLOGIES INC	$6.0M	2.5%	+102%	71.8
15	—	VANGUARD INDEX FDS	$5.9M	2.4%	-4%	—
16	—	SPDR SERIES TRUST	$3.1M	1.3%	-6%	—
17	—	SPDR SERIES TRUST	$2.6M	1.1%	-5%	—
18	—	VANGUARD INDEX FDS	$2.4M	1.0%	+10%	—
19	$RTX	RTX Corp	$2.3M	0.9%	+11%	73.1
20	—	CALAMOS CONV & HIGH INCOME F	$2.3M	0.9%	+94%	—
21	—	VANGUARD SCOTTSDALE FDS	$2.3M	0.9%	-6%	—
22	—	SPDR SERIES TRUST	$2.3M	0.9%	-6%	—
23	$SBUX	STARBUCKS CORP	$2.2M	0.9%	+41%	57.9
24	—	ISHARES TR	$2.2M	0.9%	-6%	—
25	$META	Meta Platforms, Inc.	$2.2M	0.9%	-15%	79.6
26	$AMZN	AMAZON COM INC	$2.1M	0.9%	-30%	68.4
27	$GOOGL	Alphabet Inc.	$1.7M	0.7%	-16%	78.1
28	$CVX	CHEVRON CORP	$1.7M	0.7%	+6%	62.6
29	$IVZ	Invesco Ltd.	$1.7M	0.7%	+1%	—
30	$CAT	CATERPILLAR INC	$1.6M	0.7%	+25%	66.3
31	—	J P MORGAN EXCHANGE TRADED F	$1.5M	0.6%	-3%	—
32	$XOM.R34088	EXXON MOBIL CORP	$1.4M	0.6%	+61%	57.7
33	—	VANGUARD WORLD FD	$1.3M	0.6%	+1%	—
34	—	PACER FDS TR	$1.3M	0.5%	-20%	—
35	$GOOG	Alphabet Inc.	$1.2M	0.5%	-4%	78.1
36	—	VANECK ETF TRUST	$1.2M	0.5%	-14%	—
37	$ORCL	ORACLE CORP	$1.0M	0.4%	+5%	68.2
38	—	SIMPLIFY EXCHANGE TRADED FUN	$984,765	0.4%	+48%	—
39	$JPM	JPMORGAN CHASE & CO	$980,655	0.4%	+7%	70.3
40	$JNJ	JOHNSON & JOHNSON	$954,308	0.4%	-0%	68.8
41	$VRT	Vertiv Holdings Co	$893,485	0.4%	+85%	80.9
42	—	ISHARES TR	$842,618	0.3%	+4%	—
43	$RACE	Ferrari N.V.	$786,054	0.3%	+6%	—
44	$PYPL	PayPal Holdings, Inc.	$759,991	0.3%	NEW	63.8
45	$DIS	Walt Disney Co	$744,164	0.3%	+39%	59.8
46	$IVZ	Invesco Ltd.	$718,707	0.3%	+8%	—
47	—	VANGUARD INDEX FDS	$712,211	0.3%	-12%	—
48	—	SPDR SERIES TRUST	$674,997	0.3%	NEW	—
49	$BA	BOEING CO	$668,260	0.3%	-1%	61.4
50	$AXON	AXON ENTERPRISE, INC.	$636,082	0.3%	NEW	56.4
51	$AVGO	Broadcom Inc.	$635,762	0.3%	-13%	84.4
52	$FBTC	Fidelity Wise Origin Bitcoin Fund	$622,723	0.3%	+3%	—
53	$AVK	ADVENT CONVERTIBLE & INCOME FUND	$595,775	0.3%	NEW	—
54	$WMT	Walmart Inc.	$593,722	0.2%	-4%	59.9
55	$VZ	VERIZON COMMUNICATIONS INC	$590,554	0.2%	+10%	65.5
56	$DECK	DECKERS OUTDOOR CORP	$582,211	0.2%	NEW	69.5
57	$QCOM	QUALCOMM INC/DE	$573,089	0.2%	+9%	70.4
58	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$559,655	0.2%	-64%	69.7
59	$BRK.B	BERKSHIRE HATHAWAY INC	$528,788	0.2%	+31%	73.6
60	$KO	COCA COLA CO	$506,620	0.2%	+172%	69.3
61	$TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$504,968	0.2%	+11%	—
62	—	CALAMOS ETF TR	$494,166	0.2%	+24%	—
63	$PG	PROCTER & GAMBLE Co	$489,198	0.2%	-3%	64.4
64	$CHI	CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND	$478,779	0.2%	NEW	—
65	$AMD	ADVANCED MICRO DEVICES INC	$439,670	0.2%	+22%	79.7
66	$FSLR	FIRST SOLAR, INC.	$390,016	0.2%	NEW	79
67	$INTC	INTEL CORP	$378,779	0.2%	+6%	45.5
68	$AMAT	APPLIED MATERIALS INC /DE	$370,066	0.1%	+0%	72.1
69	—	PROSHARES TR	$366,132	0.1%	+8%	—
70	—	PROSHARES TR	$364,352	0.1%	+91%	—
71	$NFLX	NETFLIX INC	$360,695	0.1%	-71%	78.6
72	—	CALAMOS ETF TR	$358,569	0.1%	+14%	—
73	$KLAC	KLA CORP	$350,343	0.1%	-90%	78.5
74	$AME	AMETEK INC/	$348,411	0.1%	+55%	69.5
75	—	CALAMOS ETF TR	$336,995	0.1%	-8%	—
76	$HD	HOME DEPOT, INC.	$335,842	0.1%	+3%	60.1
77	$CSCO	CISCO SYSTEMS, INC.	$326,675	0.1%	-0%	70.1
78	$SLV	iShares Silver Trust	$325,772	0.1%	-31%	—
79	$PLTR	Palantir Technologies Inc.	$325,105	0.1%	NEW	84.5
80	$PEP	PEPSICO INC	$323,326	0.1%	NEW	63.2
81	$MCD	MCDONALDS CORP	$322,106	0.1%	+5%	68.6
82	$GOF	GUGGENHEIM STRATEGIC OPPORTUNITIES FUND	$319,312	0.1%	NEW	—
83	$TSLA	Tesla, Inc.	$316,603	0.1%	-42%	53.6
84	$MP	MP Materials Corp. / DE	$290,490	0.1%	-3%	34.1
85	$DOCU	DOCUSIGN, INC.	$281,808	0.1%	NEW	65.4
86	$WFC	WELLS FARGO & COMPANY/MN	$279,600	0.1%	NEW	61.5
87	$LLY	ELI LILLY & Co	$266,568	0.1%	NEW	87.5
88	$MRK	Merck & Co., Inc.	$264,277	0.1%	-0%	59.7
89	$TRV	TRAVELERS COMPANIES, INC.	$261,054	0.1%	+0%	75.6
90	$HON	HONEYWELL INTERNATIONAL INC	$260,250	0.1%	NEW	66.5
91	—	GLOBAL X FDS	$257,055	0.1%	+27%	—
92	$CRM	Salesforce, Inc.	$248,750	0.1%	-45%	76.9
93	$CM	CANADIAN IMPERIAL BANK OF COMMERCE /CAN/	$246,405	0.1%	-0%	76.4
94	$EFT	Eaton Vance Floating-Rate Income Trust	$236,582	0.1%	+68%	—
95	$EMR	EMERSON ELECTRIC CO	$230,532	0.1%	+1%	65.1
96	$T	AT&T INC.	$228,172	0.1%	NEW	65.5
97	$PFE	PFIZER INC	$217,845	0.1%	+0%	61.8
98	$GLD	SPDR GOLD TRUST	$214,007	0.1%	NEW	—
99	$ADBE	ADOBE INC.	$203,344	0.1%	NEW	77.8
100	$COST	COSTCO WHOLESALE CORP /NEW	$201,788	0.1%	-23%	65.9
101	—	FIRST TR EXCHANGE-TRADED FD	$201,115	0.1%	-61%	—
102	—	CALAMOS ETF TR	$200,884	0.1%	NEW	—
103	$NB	NIOCORP DEVELOPMENTS LTD	$186,693	0.1%	+21%	—
104	$OPEN	Opendoor Technologies Inc.	$174,900	0.1%	+0%	22.4
105	$KOPN	KOPIN CORP	$142,740	0.1%	+4%	32.7
106	$CLSK	CLEANSPARK, INC.	$124,729	0.1%	NEW	37.1
107	$USAS	Americas Gold & Silver Corp	$102,200	0.0%	+0%	—
108	$FSM	FORTUNA MINING CORP.	$98,100	0.0%	+0%	—
109	$EXK	ENDEAVOUR SILVER CORP	$94,000	0.0%	+0%	—
110	$SPYPUT	SPDR S&P 500 ETF TRUST	$15,732	—	-99%	—
111	$CGC	Canopy Growth Corp	$11,419	0.0%	+0%	25.8
112	$ATOS	ATOSSA THERAPEUTICS, INC.	$10,747	0.0%	NEW	—
113	$QQQPUT	INVESCO QQQ TRUST, SERIES 1	$9,156	—	-100%	—