NAPA WEALTH MANAGEMENT

Portfolio Overview

NAPA WEALTH MANAGEMENT disclosed 148 positions worth $213.4M in its Form 13F-HR for Q3 2025. During the quarter the fund opened 28 new positions and exited 21. The portfolio is most concentrated in Other (88.7% of disclosed assets). All figures are sourced directly from NAPA WEALTH MANAGEMENT’s Form 13F-HR filing with the SEC under CIK 1602844.

• PACER FDS TR

  —

  Quality

  $9.5M294,176 sh

• INVESCO EXCH TRADED FD TR II

  —

  Quality

  $8.9M35,851 sh

• EA SERIES TRUST

  —

  Quality

  $7.7M67,591 sh

• SERIES PORTFOLIOS TR

  —

  Quality

  $7.4M174,917 sh

• TIDAL TRUST I

  —

  Quality

  $6.9M309,022 sh

• PACER FDS TR

  —

  Quality

  $6.9M348,012 sh

• TIDAL TRUST I

  —

  Quality

  $6.8M215,661 sh

• INVESCO EXCH TRADED FD TR II

  —

  Quality

  $6.5M53,579 sh

• SIMPLIFY EXCHANGE TRADED FUN

  —

  Quality

  $5.9M210,055 sh

• ISHARES GOLD TR

  —

  Quality

  $5.4M140,626 sh

Showing top 10 of 148 holdings.

Full Holdings — NAPA WEALTH MANAGEMENT (Q3 2025)

All 148 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	—	PACER FDS TR	$9.5M	4.4%	+59%	—
2	—	INVESCO EXCH TRADED FD TR II	$8.9M	4.2%	+47%	—
3	—	EA SERIES TRUST	$7.7M	3.6%	+20%	—
4	—	SERIES PORTFOLIOS TR	$7.4M	3.5%	+889%	—
5	—	TIDAL TRUST I	$6.9M	3.3%	NEW	—
6	—	PACER FDS TR	$6.9M	3.2%	+11%	—
7	—	TIDAL TRUST I	$6.8M	3.2%	NEW	—
8	—	INVESCO EXCH TRADED FD TR II	$6.5M	3.0%	+119%	—
9	—	SIMPLIFY EXCHANGE TRADED FUN	$5.9M	2.8%	-20%	—
10	—	ISHARES GOLD TR	$5.4M	2.5%	+24%	—
11	—	ISHARES TR	$5.0M	2.4%	+877%	—
12	—	EA SERIES TRUST	$4.9M	2.3%	-21%	—
13	—	PACER FDS TR	$4.7M	2.2%	+77%	—
14	$NVDA	NVIDIA CORP	$4.4M	2.1%	+0%	85.9
15	—	GLOBAL X FDS	$4.3M	2.0%	-27%	—
16	—	ISHARES TR	$4.1M	1.9%	-1%	—
17	—	USCF ETF TR	$4.1M	1.9%	+16%	—
18	—	SPDR SERIES TRUST	$3.8M	1.8%	-0%	—
19	—	ISHARES TR	$3.0M	1.4%	+5%	—
20	—	TIDAL TRUST I	$3.0M	1.4%	NEW	—
21	—	ROUNDHILL ETF TRUST	$2.7M	1.3%	+1%	—
22	—	ROUNDHILL ETF TRUST	$2.5M	1.2%	+3%	—
23	—	PACER FDS TR	$2.5M	1.2%	+21%	—
24	—	WISDOMTREE TR	$2.5M	1.2%	-72%	—
25	—	ROUNDHILL ETF TRUST	$2.5M	1.1%	+165%	—
26	—	VANECK ETF TRUST	$2.1M	1.0%	+108%	—
27	$HCXY	Hercules Capital, Inc.	$2.1M	1.0%	+2%	—
28	—	TCW ETF TRUST	$2.0M	0.9%	+108%	—
29	—	PACER FDS TR	$2.0M	0.9%	-0%	—
30	$AAPL	Apple Inc.	$1.9M	0.9%	-1%	76.3
31	—	PACER FDS TR	$1.8M	0.9%	-26%	—
32	—	SIMPLIFY EXCHANGE TRADED FUN	$1.8M	0.8%	+21%	—
33	—	INVESCO QQQ TR	$1.7M	0.8%	-0%	—
34	$PLTR	Palantir Technologies Inc.	$1.6M	0.8%	-0%	84.5
35	—	ISHARES TR	$1.6M	0.8%	+30%	—
36	—	BITWISE FUNDS TRUST	$1.6M	0.7%	NEW	—
37	—	GLOBAL X FDS	$1.5M	0.7%	+9%	—
38	—	CAMBRIA ETF TR	$1.5M	0.7%	-2%	—
39	—	CAMBRIA ETF TR	$1.5M	0.7%	-4%	—
40	$APP	AppLovin Corp	$1.3M	0.6%	-7%	84.3
41	—	BITWISE FUNDS TRUST	$1.2M	0.6%	NEW	—
42	—	TIDAL TRUST I	$1.2M	0.6%	NEW	—
43	$META	Meta Platforms, Inc.	$1.2M	0.6%	-3%	79.6
44	—	TIDAL TRUST II	$1.2M	0.6%	NEW	—
45	—	PACER FDS TR	$1.2M	0.5%	+21%	—
46	—	DBX ETF TR	$1.1M	0.5%	NEW	—
47	$ANET	Arista Networks, Inc.	$1.1M	0.5%	-3%	81.8
48	—	ISHARES TR	$1.1M	0.5%	+245%	—
49	—	ISHARES TR	$1.1M	0.5%	+332%	—
50	—	ISHARES TR	$1.1M	0.5%	+32%	—
51	—	INVESCO EXCH TRADED FD TR II	$1.1M	0.5%	-20%	—
52	—	SCHWAB STRATEGIC TR	$1.1M	0.5%	NEW	—
53	—	ISHARES TR	$1.1M	0.5%	+194%	—
54	—	ISHARES TR	$1.1M	0.5%	+121%	—
55	$MSFT	MICROSOFT CORP	$1.0M	0.5%	+8%	79.7
56	—	SIMPLIFY EXCHANGE TRADED FUN	$1.0M	0.5%	-77%	—
57	—	TCW ETF TRUST	$999,378	0.5%	+15%	—
58	—	GRAYSCALE COINDESK CRYPTO	$999,101	0.5%	NEW	—
59	—	VICTORY PORTFOLIOS II	$971,963	0.5%	-36%	—
60	—	CIPHER MINING INC	$887,444	0.4%	NEW	—
61	—	TIDAL TRUST II	$881,818	0.4%	-36%	—
62	$GOOG	Alphabet Inc.	$870,952	0.4%	-15%	78.1
63	$BKKT	Bakkt, Inc.	$863,594	0.4%	NEW	53.4
64	—	ISHARES INC	$847,292	0.4%	-69%	—
65	—	PIMCO EQUITY SER	$841,263	0.4%	-1%	—
66	$IREN	IREN Ltd	$838,639	0.4%	NEW	46.3
67	—	INVESCO EXCH TRADED FD TR II	$802,617	0.4%	+6%	—
68	$AMZN	AMAZON COM INC	$735,120	0.3%	-23%	68.4
69	—	VANGUARD INDEX FDS	$735,101	0.3%	+0%	—
70	—	SIMPLIFY EXCHANGE TRADED FUN	$702,450	0.3%	+1%	—
71	—	NUVEEN CALIFORNIA AMT QLT MU	$700,005	0.3%	+0%	—
72	—	INVESCO ACTIVELY MANAGED EXC	$699,665	0.3%	+2%	—
73	—	NEOS ETF TRUST	$696,221	0.3%	-48%	—
74	—	EXCHANGE LISTED FDS TR	$694,143	0.3%	+0%	—
75	—	JANUS DETROIT STR TR	$692,335	0.3%	+0%	—
76	$AGX	ARGAN INC	$679,446	0.3%	-2%	81.3
77	—	GLOBAL X FDS	$657,140	0.3%	+1%	—
78	—	ISHARES TR	$645,659	0.3%	+4%	—
79	—	PACER FDS TR	$639,586	0.3%	-1%	—
80	$INOD	INNODATA INC	$636,213	0.3%	-7%	77
81	—	VANECK ETF TRUST	$632,156	0.3%	-1%	—
82	—	ISHARES TR	$629,418	0.3%	+9%	—
83	—	CADENCE DESIGN SYSTEM INC	$609,085	0.3%	-1%	—
84	$AVGO	Broadcom Inc.	$585,590	0.3%	+4%	84.4
85	—	ISHARES U S ETF TR	$581,915	0.3%	+2%	—
86	$HWM	Howmet Aerospace Inc.	$561,022	0.3%	-2%	73.6
87	—	VANGUARD INTL EQUITY INDEX F	$557,841	0.3%	+1%	—
88	—	GLOBAL X FDS	$547,079	0.3%	+114%	—
89	—	INVESCO EXCH TRADED FD TR II	$546,990	0.3%	-50%	—
90	$PFO	Flaherty & Crumrine PREFERRED & INCOME OPPORTUNITY FUND INC	$546,390	0.3%	+2%	—
91	—	ISHARES TR	$543,418	0.3%	+92%	—
92	$SPOT	Spotify Technology S.A.	$536,762	0.3%	+4%	—
93	—	ISHARES TR	$534,850	0.3%	+79%	—
94	—	TIDAL TRUST III	$527,501	0.3%	-55%	—
95	—	FIRST TR EXCHANGE TRADED FD	$522,381	0.2%	-23%	—
96	—	SIMPLIFY EXCHANGE TRADED FUN	$513,596	0.2%	+2%	—
97	—	ISHARES INC	$509,342	0.2%	+2%	—
98	—	SIMPLIFY EXCHANGE TRADED FUN	$501,691	0.2%	+15%	—
99	—	SIMPLIFY EXCHANGE TRADED FUN	$494,849	0.2%	+10%	—
100	—	PACER FDS TR	$493,474	0.2%	-2%	—
101	—	ETF SER SOLUTIONS	$489,833	0.2%	+6%	—
102	—	SERIES PORTFOLIOS TR	$485,040	0.2%	+2%	—
103	$AXON	AXON ENTERPRISE, INC.	$479,384	0.2%	+6%	56.4
104	—	ISHARES TR	$477,474	0.2%	-2%	—
105	—	SSGA ACTIVE TR	$462,981	0.2%	-1%	—
106	$TSLA	Tesla, Inc.	$460,285	0.2%	-68%	53.6
107	—	TIDAL TRUST II	$451,255	0.2%	NEW	—
108	—	AMPLIFY ETF TR	$394,285	0.2%	NEW	—
109	—	VANECK ETF TRUST	$389,062	0.2%	-86%	—
110	$HOOD	Robinhood Markets, Inc.	$376,707	0.2%	NEW	81.9
111	$CRS	CARPENTER TECHNOLOGY CORP	$375,922	0.2%	-4%	64.2
112	$TSCO	TRACTOR SUPPLY CO /DE/	$356,101	0.2%	+0%	54.8
113	—	TIDAL TRUST II	$354,831	0.2%	-79%	—
114	—	VANECK ETF TRUST	$349,160	0.2%	-82%	—
115	$URI	UNITED RENTALS, INC.	$347,221	0.2%	+0%	63.6
116	—	ISHARES TR	$345,503	0.2%	-4%	—
117	—	VANGUARD INDEX FDS	$330,659	0.1%	+1%	—
118	—	TIDAL TRUST I	$306,128	0.1%	NEW	—
119	$CI	Cigna Group	$303,527	0.1%	NEW	66
120	—	ISHARES TR	$275,178	0.1%	-10%	—
121	—	ISHARES INC	$274,114	0.1%	-85%	—
122	—	ESSENTIAL PPTYS RLTY TR INC	$268,569	0.1%	NEW	—
123	—	ALEXANDRIA REAL ESTATE EQ IN	$267,096	0.1%	NEW	—
124	$MO	ALTRIA GROUP, INC.	$259,550	0.1%	-92%	67.2
125	$COLD	AMERICOLD REALTY TRUST	$252,303	0.1%	NEW	17.4
126	$TPR	TAPESTRY, INC.	$246,367	0.1%	NEW	72.3
127	$PM	Philip Morris International Inc.	$245,246	0.1%	-90%	75.7
128	$MELI	MERCADOLIBRE INC	$243,042	0.1%	NEW	80.1
129	—	PACER FDS TR	$237,852	0.1%	-68%	—
130	—	CREDO TECHNOLOGY GROUP HOLDI	$236,325	0.1%	NEW	—
131	$BABA	Alibaba Group Holding Ltd	$233,600	0.1%	NEW	—
132	—	SIMPLIFY EXCHANGE TRADED FUN	$229,195	0.1%	-94%	—
133	—	SELECT SECTOR SPDR TR	$227,084	0.1%	-73%	—
134	—	SELECT SECTOR SPDR TR	$225,438	0.1%	-14%	—
135	—	PACER FDS TR	$221,892	0.1%	-13%	—
136	$UPS	UNITED PARCEL SERVICE INC	$216,176	0.1%	NEW	58.5
137	$GEV	GE Vernova Inc.	$215,830	0.1%	NEW	81.1
138	—	ISHARES TR	$214,659	0.1%	+2%	—
139	—	ISHARES TR	$210,784	0.1%	+0%	—
140	—	SELECT SECTOR SPDR TR	$207,224	0.1%	-51%	—
141	$GILD	GILEAD SCIENCES, INC.	$206,571	0.1%	+0%	57.3
142	$HD	HOME DEPOT, INC.	$204,621	0.1%	NEW	60.1
143	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$202,873	0.1%	-86%	69.7
144	—	SPDR SERIES TRUST	$201,130	0.1%	-97%	—
145	—	SPDR SERIES TRUST	$200,496	0.1%	-9%	—
146	—	NUVEEN AMT FREE MUN CR INC F	$200,290	0.1%	-2%	—
147	$CEV	Eaton Vance California Municipal Income Trust	$162,369	0.1%	+0%	—
148	—	BLACKROCK CALIF MUN INCOME T	$124,731	0.1%	+0%	—