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Livermore
Livermore
ZHEN

PFG Advisors

SEC CIK
0001694435
Latest filing
Jul 16, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 7, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
623
−72 vs. Q1 2025
Portfolio value
$2.11B
+$323.4M (+18.1%) vs. Q1 2025
Filed
Aug 7, 2025
SEC
Holdings of PFG Advisors in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
SPDR Series Trust78468R754ST STR R1K LOWV6,632$856.2K<0.1%−1,169−15.0%Reduced–
BCALCalifornia BanCorpCOM54,585$860.3K<0.1%+1,635+3.1%AddedHistory
TJXTJX Companies IncStock5,204$890.8K<0.1%+2,925+128.3%AddedHistory
MWAMueller Water Products, Inc.COM SER A22,633$906.5K<0.1%+7,968+54.3%AddedHistory
POWLPowell Industries IncStock4,364$918.3K<0.1%+1,090+33.3%AddedHistory
AGXArgan IncStock4,167$918.8K<0.1%+35+0.8%AddedHistory
QCOMQualcomm IncStock5,789$921.9K<0.1%+1,475+34.2%AddedHistory
iShares Tr46435G102CONV BD ETF10,305$928.4K<0.1%−1,812−15.0%Reduced–
iShares Tr46436E593IBOND DEC 203047,524$942.9K<0.1%+47,524New–
iShares Tr46436E148IBONDS DEC 203338,536$944.5K<0.1%+38,536New–
TTTrane Technologies plcSHS2,176$951.8K<0.1%+1,569+258.5%AddedHistory
iShares Tr46436E296IBONDS DEC 203241,370$952.8K<0.1%+41,370New–
WFCWells Fargo & CompanyStock12,026$963.5K<0.1%+3,980+49.5%AddedHistory
IESCIES Holdings, Inc.COM3,255$964.2K<0.1%−65−2.0%ReducedHistory
SLViShares Silver TrustETF29,486$967.4K<0.1%+1,022+3.6%AddedHistory
Invesco Exch Traded FD Tr II46138E370S&P 500 HB ETF9,953$970.7K<0.1%−865−8.0%Reduced–
SBRSabine Royalty TrustUNIT BEN INT14,846$986.5K<0.1%+50+0.3%AddedHistory
LMBLimbach Holdings, Inc.COM7,067$990.1K<0.1%−101−1.4%ReducedHistory
Vanguard Utilities ETF92204A876ETF5,690$1.00M<0.1%+560+10.9%Added–
Innovator ETFs Trust45782C813US EQTY PWR BUF23,041$1.01M<0.1%+13,465+140.6%Added–
iShares Core MSCI Emerging Markets ETF46434G103ETF16,982$1.02M<0.1%+4,365+34.6%Added–
VanEck ETF Trust92189F486IG FLOA RATE ETF40,032$1.02M<0.1%−964−2.4%Reduced–
PIMCO ETF Tr72201R817INV GRD CRP BD10,607$1.03M<0.1%+53+0.5%Added–
First Tr Exchange Traded FD33738R118NASD TECH DIV11,543$1.04M<0.1%−5,514−32.3%Reduced–
Capital Grp Fixed Incm ETF T14020Y102CORE PLUS INCM46,863$1.05M<0.1%+4,471+10.5%Added–
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF13,027$1.05M<0.1%+917+7.6%Added–
NEENextera Energy IncStock15,357$1.07M0.1%+596+4.0%AddedHistory
iShares Esg Aware US Aggregate Bond ETF46435U549ETF22,444$1.07M0.1%+860+4.0%Added–
Innovator ETFs Trust45782C466GRWT100 PWR BF21,066$1.07M0.1%−5,237−19.9%Reduced–
American Centy ETF Tr025072505DIVERSIFIED MU22,111$1.08M0.1%+3,771+20.6%Added–
ETEnergy Transfer LPCOM UT LTD PTN60,189$1.09M0.1%+1,176+2.0%AddedHistory
DISWalt Disney CoStock8,818$1.09M0.1%+1,800+25.6%AddedHistory
VZVerizon Communications IncStock25,295$1.09M0.1%+7,085+38.9%AddedHistory
ASMLASML Holding NVADR1,368$1.10M0.1%+562+69.7%AddedHistory
Janus Detroit STR Tr47103U753B-BBB CLO ETF22,790$1.10M0.1%+4,596+25.3%Added–
PMPhilip Morris International Inc.Stock6,087$1.11M0.1%+2,907+91.4%AddedHistory
ABTAbbott LaboratoriesStock8,197$1.11M0.1%+322+4.1%AddedHistory
ORCLOracle CorpStock5,107$1.12M0.1%+1,046+25.8%AddedHistory
TAT&T Inc.Stock38,684$1.12M0.1%+7,883+25.6%AddedHistory
APPAppLovin CorpCOM CL A3,203$1.12M0.1%+37+1.2%AddedHistory
First Tr Exch Traded FD III33739P103LNG/SHT EQUITY16,965$1.12M0.1%+2,111+14.2%Added–
CRMSalesforce, Inc.Stock4,150$1.13M0.1%+1,389+50.3%AddedHistory
PFLTPennantPark Floating Rate Capital Ltd.COM110,108$1.14M0.1%+1,958+1.8%AddedHistory
PEPPepsiCo IncStock8,647$1.14M0.1%−20.0%ReducedHistory
MCDMcDonalds CorpStock3,939$1.15M0.1%+722+22.4%AddedHistory
SHOPShopify Inc.Stock10,068$1.16M0.1%+2,810+38.7%AddedHistory
iShares U S ETF Tr46431W606IT RT HDG HGYL13,437$1.16M0.1%−623−4.4%Reduced–
First Tr Exchange-Traded FD33733B100WTR ETF10,863$1.17M0.1%−22−0.2%Reduced–
BBAIBigBear.ai Holdings, Inc.COM172,870$1.17M0.1%+94,425+120.4%AddedHistory
KOCoca Cola CoStock17,144$1.21M0.1%+3,291+23.8%AddedHistory
Dimensional ETF Trust25434V864SHOR DUR FIX ETF25,425$1.22M0.1%−8,661−25.4%Reduced–
J P Morgan Exchange Traded F46654Q575MORTGAGE BACKED24,472$1.23M0.1%+24,472New–
BABoeing CoStock5,863$1.23M0.1%+1,302+28.5%AddedHistory
EATBrinker International, IncStock11,744$1.23M0.1%+6,780+136.6%AddedHistory
First Tr Exchange-Traded Alp33733C108SHS ISSUED FRST15,185$1.23M0.1%−240−1.6%Reduced–
Franklin Templeton ETF Tr35473P546SYSTMTC STYL PRE51,271$1.24M0.1%+18,482+56.4%Added–
PANWPalo Alto Networks IncStock6,093$1.25M0.1%+489+8.7%AddedHistory
Legg Mason ETF Invt52468L505FRANKLIN INTL LW38,605$1.26M0.1%−6,516−14.4%Reduced–
ARCCAres Capital CorpCEF57,422$1.26M0.1%+2,527+4.6%AddedHistory
Innovator ETFs Trust45783Y855DEFINED WLT SHLD39,854$1.28M0.1%+39,854New–
KDPKeurig Dr Pepper Inc.COM38,972$1.29M0.1%+6,768+21.0%AddedHistory
Virtus ETF Tr II92790A603NEWFLEET ABS MBS52,555$1.29M0.1%+2,711+5.4%Added–
BACBank of America CorpStock27,433$1.30M0.1%+3,020+12.4%AddedHistory
First Tr Exchange-Traded Alp33735J101COM SHS16,518$1.30M0.1%−6,882−29.4%Reduced–
TXNTexas Instruments IncStock6,259$1.30M0.1%+841+15.5%AddedHistory
First Tr Exchange-Traded FD336917109SHS14,070$1.30M0.1%+6,598+88.3%Added–
First Trust Dow Jones Internet Index Fund33733E302ETF4,832$1.30M0.1%−9,272−65.7%Reduced–
TRVTravelers Companies, Inc.Stock4,959$1.33M0.1%+704+16.5%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR5,866$1.33M0.1%−152−2.5%ReducedHistory
PIMCO Active Bond Exchange-Traded Fund72201R775ETF14,424$1.33M0.1%+2,996+26.2%Added–
Vanguard Health Care ETF92204A504ETF5,354$1.33M0.1%+77+1.5%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF31,249$1.34M0.1%+21,887+233.8%Added–
iShares Tr46429B7470-5 YR TIPS ETF13,003$1.34M0.1%+13,003New–
CLSCelestica IncStock8,607$1.34M0.1%+578+7.2%AddedHistory
Pacer Trendpilot 100 ETF69374H303ETF18,841$1.34M0.1%−410−2.1%Reduced–
T Rowe Price Exchange-Traded87283Q875US HIGH YIELD26,308$1.37M0.1%+2,997+12.9%Added–
New York Life Invts Active E45409F827MACKAY MUN INTER58,777$1.40M0.1%+9,188+18.5%Added–
iShares MSCI USA Momentum Factor ETF46432F396ETF5,839$1.40M0.1%+536+10.1%Added–
iShares Core Dividend Growth ETF46434V621ETF22,103$1.41M0.1%−1,071−4.6%Reduced–
Innovator ETFs Trust45782C623EMERGING MKT PWR50,259$1.42M0.1%+40,837+433.4%Added–
FISVFiserv IncStock8,254$1.42M0.1%+8,254NewHistory
NFLXNetflix IncStock1,063$1.42M0.1%+291+37.7%AddedHistory
GAINGladstone Investment CorporationdeCEF100,404$1.43M0.1%00.0%UnchangedHistory
AAONAaon, Inc.COM PAR $0.00419,928$1.47M0.1%−908−4.4%ReducedHistory
IQVIQVIA Holdings Inc.Stock9,439$1.49M0.1%+1,868+24.7%AddedHistory
AMDAdvanced Micro Devices IncStock10,550$1.50M0.1%+36+0.3%AddedHistory
CEGConstellation Energy CorpStock4,642$1.50M0.1%+629+15.7%AddedHistory
iShares Tr46434V4070-5YR HI YL CP34,769$1.50M0.1%+6,892+24.7%Added–
WisdomTree Tr97717X701EUROPE HEDGED EQ31,207$1.50M0.1%−28,087−47.4%Reduced–
T Rowe Price Exchange-Traded87283Q826SMALL MID CAP48,632$1.60M0.1%−1,475−2.9%Reduced–
SILASila Realty Trust, Inc.COMMON STOCK67,707$1.60M0.1%−5,758−7.8%ReducedHistory
iShares Ibonds 2026 Term High Yield and Income ETF46436E528ETF69,235$1.61M0.1%+69,235New–
Invesco Exch Traded FD Tr II46138E339S&P 500 MOMNTM14,305$1.61M0.1%+2,032+16.6%Added–
AXPAmerican Express CoStock5,059$1.61M0.1%+34+0.7%AddedHistory
COOPMaverick Merger Sub 2, LLCCOM10,876$1.62M0.1%+294+2.8%AddedHistory
Innovator U.S. Equity Ultra Buffer ETF - January45782C300ETF41,036$1.66M0.1%−2,771−6.3%Reduced–
Innovator ETFs Trust45782C524INTRNL DEV JAN48,720$1.67M0.1%+31,828+188.4%Added–
Capital Group Core Balanced14021D107SHS49,998$1.67M0.1%+17,655+54.6%Added–
NOWServiceNow, Inc.Stock1,633$1.68M0.1%+368+29.1%AddedHistory
iShares MSCI USA Min Vol Factor ETF46429B697ETF17,892$1.68M0.1%−238−1.3%Reduced–

Sold out since Q1 2025 (168)

Positions held at the end of Q1 2025 that are gone from this filing.

The largest 100 of 168 by value last quarter.

Positions of PFG Advisors sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
Vanguard Morningstar Growth ETF922908736ETF102,522$38.0M2.1%–
MSFTMicrosoft CorpStock91,515$34.4M1.9%History
Vanguard Morningstar Total Stock Market ETF922908769ETF122,375$33.6M1.9%–
Vanguard Dividend Appreciation ETF921908844ETF119,596$23.2M1.3%–
Schwab US Dividend Equity ETF808524797ETF712,370$19.9M1.1%–
Vanguard High Dividend Yield Index ETF921946406ETF131,089$16.9M0.9%–
Vanguard Total Bond Market ETF921937835ETF222,572$16.3M0.9%–
Fidelity Merrimack STR Tr316188309TOTAL BD ETF347,124$15.8M0.9%–
Vanguard Morningstar Value ETF922908744ETF88,318$15.3M0.9%–
iShares Tr4642874407-10 YR TRSY BD146,223$13.9M0.8%–
Fidelity MSCI Information Technology Index ETF316092808ETF86,411$13.9M0.8%–
iShares Core S&P 500 ETF464287200ETF23,759$13.4M0.7%–
Vanguard Ftse Emerging Markets ETF922042858ETF294,027$13.3M0.7%–
Vanguard Star FDS921909768VG TL INTL STK F186,993$11.6M0.6%–
iShares Core U.S. Aggregate Bond ETF464287226ETF116,159$11.5M0.6%–
iShares Tr464288257MSCI ACWI ETF86,812$10.1M0.6%–
Vanguard Mun BD FDS922907746TAX EXEMPT BD194,957$9.67M0.5%–
iShares Tr464288646ISHS 1-5YR INVS161,213$8.44M0.5%–
Vanguard BD Index FDS921937793LONG TERM BOND109,662$7.72M0.4%–
Schwab U.S. Large-Cap Growth ETF808524300ETF302,351$7.57M0.4%–
iShares S&P 500 Growth ETF464287309ETF61,580$5.72M0.3%–
Vanguard Ftse All-World Ex-US Index Fund922042775ETF91,978$5.58M0.3%–
Schwab U.S. Broad Market ETF808524102ETF255,879$5.51M0.3%–
Schwab U.S. Large-Cap ETF808524201ETF244,139$5.39M0.3%–
iShares Russell 2000 ETF464287655ETF24,289$4.85M0.3%–
iShares Core S&P Mid-Cap ETF464287507ETF81,122$4.73M0.3%–
Vanguard Intermediate-Term Bond ETF921937819ETF58,528$4.48M0.3%–
Vanguard Morningstar Small-Cap Value ETF922908611ETF23,555$4.39M0.2%–
GDGeneral Dynamics CorpStock15,903$4.33M0.2%History
iShares Semiconductor ETF464287523ETF22,464$4.23M0.2%–
iShares Tr464288877EAFE VALUE ETF71,304$4.20M0.2%–
Vanguard Calif Tax Free FDS922021605TAX EXEMPT BD FD39,657$3.90M0.2%–
iShares S&P 500 Value ETF464287408ETF20,260$3.86M0.2%–
FSKFS KKR Capital CorpCOM183,076$3.84M0.2%History
iShares Tr464287150CORE S&P TTL STK27,586$3.37M0.2%–
CDNSCadence Design Systems IncStock13,066$3.32M0.2%History
Vanguard Whitehall FDS921946810INTL DVD ETF39,248$3.26M0.2%–
Vanguard Morningstar Small-Cap ETF922908751ETF14,259$3.16M0.2%–
iShares Tr464288307MRGSTR MD CP GRW41,391$2.96M0.2%–
iShares Tr4642886613 7 YR TREAS BD25,025$2.96M0.2%–
Vanguard Ftse Developed Markets ETF921943858ETF56,894$2.89M0.2%–
Vanguard Morningstar Mid-Cap ETF922908629ETF10,756$2.78M0.2%–
iShares Tr464288885EAFE GRWTH ETF27,511$2.75M0.2%–
Vanguard Index FDS922908652EXTEND MKT ETF15,007$2.59M0.1%–
Fidelity Covington Trust316092782VLU FACTOR ETF42,753$2.55M0.1%–
iShares Russell 1000 Growth ETF464287614ETF6,976$2.52M0.1%–
Vanguard Morningstar Mid-Cap Growth ETF922908538ETF9,649$2.36M0.1%–
Vanguard Admiral FDS Inc921932794SMLCP 600 GRTH21,452$2.29M0.1%–
Vanguard Admiral FDS Inc921932828SMLLCP 600 IDX22,800$2.20M0.1%–
Fidelity High Dividend ETF316092840ETF43,778$2.17M0.1%–
iShares Inc464286525MSCI GBL MIN VOL18,471$2.15M0.1%–
iShares Tips Bond ETF464287176ETF19,330$2.15M0.1%–
iShares Core S&P U.S. Growth ETF464287671ETF16,820$2.14M0.1%–
Schwab Fundamental U.S. Large Company ETF808524771ETF90,079$2.13M0.1%–
iShares Tr46428743220 YR TR BD ETF22,422$2.04M0.1%–
iShares Tr464288570ESG MSCI KLD ETF18,944$1.94M0.1%–
JPCNuveen Preferred & Income Opportunities FundCOM225,212$1.79M0.1%History
iShares S&P Mid-Cap 400 Growth ETF464287606ETF21,371$1.78M0.1%–
Schwab U.S. Mid-Cap ETF808524508ETF67,081$1.76M0.1%–
Vanguard Malvern FDS922020805STRM INFPROIDX35,143$1.75M0.1%–
iShares Core S&P US Value ETF464287663ETF18,915$1.75M0.1%–
Vanguard Short-Term Bond ETF921937827ETF21,574$1.69M0.1%–
iShares Tr464288786U.S. INSRNCE ETF11,783$1.62M0.1%–
iShares Core S&P Small Cap ETF464287804ETF15,140$1.58M0.1%–
Vanguard World FD921910840MEGA CAP VAL ETF12,102$1.56M0.1%–
Vanguard Emerging Markets Government Bond ETF921946885ETF22,504$1.44M0.1%–
RSReliance, Inc.COM4,728$1.37M0.1%History
Schwab U.S. Small-Cap ETF808524607ETF56,878$1.33M0.1%–
iShares Select Dividend ETF464287168ETF9,555$1.28M0.1%–
iShares Russell 1000 Value ETF464287598ETF6,722$1.26M0.1%–
ODFLOld Dominion Freight Line, Inc.COM7,502$1.24M0.1%History
iShares Tr464288414NATIONAL MUN ETF11,123$1.17M0.1%–
State Street SPDR S&P Biotech ETF78464A870ETF14,382$1.17M0.1%–
iShares Tr464288752US HOME CONS ETF12,232$1.16M0.1%–
iShares Tr46428865310-20 YR TRS ETF11,123$1.15M0.1%–
Vanguard Energy ETF92204A306ETF8,513$1.10M0.1%–
iShares Tr464288760US AER DEF ETF7,178$1.10M0.1%–
Schwab Fundamental International Small Equity ETF808524748ETF29,658$1.07M0.1%–
iShares Tr464288687PFD AND INCM SEC33,912$1.04M0.1%–
Vanguard Morningstar Small-Cap Growth ETF922908595ETF4,084$1.03M0.1%–
Vanguard Admiral FDS Inc921932844MIDCP 400 VAL11,163$1.03M0.1%–
Vanguard World FD921910816MEGA GRWTH IND3,249$1.00M0.1%–
Fidelity MSCI Financials Index ETF316092501ETF14,395$1.00M0.1%–
iShares Tr4642874571 3 YR TREAS BD12,039$996.0K0.1%–
Vanguard World FD921910733ESG US STK ETF9,480$928.6K0.1%–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF8,472$920.8K0.1%–
CICigna GroupStock2,750$904.7K0.1%History
First Trust Nasdaq-100 Technology Sector Index Fund337345102ETF4,808$834.6K<0.1%–
Vanguard Total World Stock ETF922042742ETF6,886$798.5K<0.1%–
Vanguard World FD921910873MEGA CAP INDEX3,913$788.0K<0.1%–
Vanguard Wellington FD921935508US MOMENTUM4,960$752.5K<0.1%–
Fidelity MSCI Utilities Index ETF316092865ETF14,519$739.8K<0.1%–
iShares Inc464286681MSCI EQUAL WEITE7,898$739.1K<0.1%–
DBX ETF Tr233051432XTRACK USD HIGH20,164$728.9K<0.1%–
iShares Tr464288513IBOXX HI YD ETF8,637$681.4K<0.1%–
Vanguard Admiral FDS Inc921932869MIDCP 400 GRTH5,723$590.4K<0.1%–
Vanguard World FD921910709EXTENDED DUR8,136$578.5K<0.1%–
iShares Tr464287234MSCI EMG MKT ETF12,928$564.9K<0.1%–
DBX ETF Tr233051630XTRACK MSCI EAFE20,782$564.0K<0.1%–
iShares MSCI Acwi Ex U.S. ETF464288240ETF10,172$564.0K<0.1%–