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Livermore
Livermore
ZHEN

Change Path, LLC

SEC CIK
0001739728
Latest filing
Aug 13, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 14, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
1,056
−5 vs. Q4 2024
Portfolio value
$3.34B
+$80.2M (+2.5%) vs. Q4 2024
Filed
May 14, 2025
SEC
Holdings of Change Path, LLC in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
SPDR Series Trust78464A664ST LON TREAS ETF119,906$3.27M0.1%+4,781+4.2%Added–
iShares Tr46435G425ESG AWR MSCI USA26,752$3.26M0.1%−805−2.9%Reduced–
VICIVici Properties Inc.COM99,819$3.26M0.1%+12,616+14.5%AddedHistory
TMOThermo Fisher Scientific Inc.Stock6,525$3.25M0.1%−306−4.5%ReducedHistory
KMIKinder Morgan, Inc.Stock112,375$3.21M0.1%−24,765−18.1%ReducedHistory
BRK.ABerkshire Hathaway IncCL A4$3.19M0.1%00.0%UnchangedHistory
BXBlackstone Inc.COM22,763$3.18M0.1%+4,798+26.7%AddedHistory
iShares Tr4642874571 3 YR TREAS BD38,280$3.17M0.1%+801+2.1%Added–
RTXRTX CorpStock23,492$3.11M0.1%+3,029+14.8%AddedHistory
CRMSalesforce, Inc.Stock11,391$3.06M0.1%+2,400+26.7%AddedHistory
State Street Real Estate Select Sector SPDR ETF81369Y860ETF72,868$3.05M0.1%+16,712+29.8%Added–
CATCaterpillar IncStock9,192$3.03M0.1%+1,022+12.5%AddedHistory
LYBLyondellBasell Industries N.V.SHS - A -42,937$3.02M0.1%+22,265+107.7%AddedHistory
ADBEAdobe Inc.Stock7,845$3.01M0.1%−710−8.3%ReducedHistory
Vanguard Scottsdale FDS92206C102SHORT TERM TREAS50,937$2.99M0.1%+7,841+18.2%Added–
Ssga Active ETF Tr78467V848ST STR TOTAL ETF74,001$2.98M0.1%+6,995+10.4%Added–
MSMorgan StanleyStock25,478$2.97M0.1%+7,451+41.3%AddedHistory
Global X FDS37954Y475S&P 500 COVERED74,919$2.96M0.1%−4,075−5.2%Reduced–
Invesco Exchange Traded FD T46137V506DIVID ACHIEVEV63,466$2.91M0.1%+4,917+8.4%Added–
VRTXVertex Pharmaceuticals IncStock5,983$2.90M0.1%+628+11.7%AddedHistory
PAYXPaychex IncStock18,800$2.90M0.1%−2,412−11.4%ReducedHistory
State Street Health Care Select Sector SPDR ETF81369Y209ETF19,846$2.90M0.1%+1,307+7.1%Added–
Vanguard Total Bond Market ETF921937835ETF39,357$2.89M0.1%+10,960+38.6%Added–
ORealty Income CorpREIT49,824$2.89M0.1%+14,296+40.2%AddedHistory
ANETArista Networks, Inc.Stock37,302$2.89M0.1%+3,951+11.8%AddedHistory
J P Morgan Exchange Traded F46654Q740GLOBAL SEL EQUIT48,802$2.88M0.1%+351+0.7%Added–
Vanguard Whitehall FDS921946810INTL DVD ETF34,571$2.87M0.1%−533−1.5%Reduced–
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833ETF28,459$2.86M0.1%+1,479+5.5%Added–
LOWLowes Companies IncStock12,211$2.85M0.1%−856−6.6%ReducedHistory
Invesco Exch Traded FD Tr II46138E362S&P500 HDL VOL56,481$2.84M0.1%+436+0.8%Added–
State Street Communication Services Select Sector SPDR ETF81369Y852ETF29,046$2.80M0.1%+2,404+9.0%Added–
MCOMoodys CorpStock6,007$2.80M0.1%−572−8.7%ReducedHistory
COPConocoPhillipsStock26,495$2.78M0.1%+3,544+15.4%AddedHistory
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF25,464$2.77M0.1%+582+2.3%Added–
NOCNorthrop Grumman CorpStock5,387$2.76M0.1%+2,281+73.4%AddedHistory
ORCLOracle CorpStock19,577$2.74M0.1%−2,463−11.2%ReducedHistory
Innovator ETFs Trust45783Y814LADERD ALCTN PWR62,044$2.74M0.1%+9,780+18.7%Added–
ADPAutomatic Data Processing IncStock8,945$2.73M0.1%−2,425−21.3%ReducedHistory
iShares Core MSCI Emerging Markets ETF46434G103ETF50,371$2.72M0.1%+11,538+29.7%Added–
ISRGIntuitive Surgical IncCOM NEW5,472$2.71M0.1%+486+9.7%AddedHistory
iShares Russell Top 200 Growth ETF464289438ETF12,731$2.69M0.1%−3,474−21.4%Reduced–
LNGCheniere Energy, Inc.COM NEW11,604$2.69M0.1%+9,177+378.1%AddedHistory
Northern LTS FD Tr IV66538H179MAIN BUYWRITE194,417$2.67M0.1%−6,742−3.4%Reduced–
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF29,080$2.67M0.1%−500−1.7%Reduced–
iShares Core S&P Small Cap ETF464287804ETF25,461$2.66M0.1%+373+1.5%Added–
ZTSZoetis Inc.Stock16,053$2.64M0.1%+1,321+9.0%AddedHistory
DOWDow Inc.Stock75,382$2.63M0.1%+37,007+96.4%AddedHistory
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF32,295$2.60M0.1%+1,704+5.6%Added–
iShares Tr46435G250HIGH YLD SYSTM B54,766$2.58M0.1%+872+1.6%Added–
Vanguard Scottsdale FDS92206C706INTER TERM TREAS42,928$2.55M0.1%+5,010+13.2%Added–
iShares Tr464288687PFD AND INCM SEC82,954$2.55M0.1%+4,125+5.2%Added–
OXYOccidental Petroleum CorpStock51,488$2.54M0.1%+51,488NewHistory
Vanguard Scottsdale FDS92206C664VNG RUS2000IDX31,453$2.54M0.1%+26,101+487.7%Added–
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD31,848$2.51M0.1%−1,539−4.6%Reduced–
AXONAxon Enterprise, Inc.COM4,748$2.50M0.1%+429+9.9%AddedHistory
ROOTRoot, Inc.CL A NEW18,706$2.50M0.1%+18,706NewHistory
WABWestinghouse Air Brake Technologies CorpStock13,711$2.49M0.1%+11,326+474.9%AddedHistory
Schwab US Aggregate Bond ETF808524839ETF107,021$2.48M0.1%+11,159+11.6%Added–
NEENextera Energy IncStock34,726$2.46M0.1%+4,841+16.2%AddedHistory
GISGeneral Mills IncStock40,966$2.45M0.1%+20,492+100.1%AddedHistory
MMM3M CoStock16,665$2.45M0.1%+153+0.9%AddedHistory
Dimensional ETF Trust25434V625US COR EQU 1 ETF39,360$2.41M0.1%+11,278+40.2%Added–
State Street Industrial Select Sector SPDR ETF81369Y704ETF18,364$2.41M0.1%−324−1.7%Reduced–
VanEck ETF Trust92189F411BDC INCOME ETF142,938$2.40M0.1%+6,101+4.5%Added–
VanEck ETF Trust92189F601URANI NUCLE ETF32,224$2.36M0.1%+32,224New–
CRWDCrowdStrike Holdings, Inc.Stock6,654$2.35M0.1%+660+11.0%AddedHistory
Invesco Exchange Traded FD T46137V472S&P MDCP QUALITY25,568$2.34M0.1%+1,768+7.4%Added–
Vanguard Long-Term Treasury ETF92206C847ETF40,358$2.33M0.1%−729−1.8%Reduced–
CMECME Group Inc.COM8,748$2.32M0.1%−1,662−16.0%ReducedHistory
CARRCarrier Global CorpStock36,426$2.31M0.1%−6,939−16.0%ReducedHistory
Dimensional ETF Trust25434V831US HIGH PROF ETF69,181$2.29M0.1%−328−0.5%Reduced–
Invesco Actvely MNGD Etc FD46090F100OPTIMUM YIELD167,996$2.29M0.1%−11,820−6.6%Reduced–
J P Morgan Exchange Traded F46641Q167ACTIVE VALUE ETF35,571$2.26M0.1%−7,260−17.0%Reduced–
Dimensional Emerging Core Equity Market ETF25434V302ETF86,600$2.24M0.1%−14,549−14.4%Reduced–
MMSIMerit Medical Systems IncCOM20,953$2.21M0.1%+5,520+35.8%AddedHistory
First Tr Exchng Traded FD VI33740F664FT VEST US EQT53,362$2.21M0.1%−127,026−70.4%Reduced–
MCHPMicrochip Technology IncStock45,572$2.21M0.1%+16,730+58.0%AddedHistory
MSCIMSCI Inc.Stock3,881$2.19M0.1%−72−1.8%ReducedHistory
LMTLockheed Martin CorpStock4,887$2.18M0.1%−3,836−44.0%ReducedHistory
Vanguard Star FDS921909768VG TL INTL STK F35,002$2.17M0.1%+4,017+13.0%Added–
USBUS Bancorp DECOM NEW51,068$2.16M0.1%+26,178+105.2%AddedHistory
Invesco Nasdaq 100 ETF46138G649ETF11,137$2.15M0.1%+6,170+124.2%Added–
J P Morgan Exchange Traded F46641Q373BETABUILDERS I34,888$2.15M0.1%−3,673−9.5%Reduced–
Franklin Templeton ETF Tr35473P108INTL COR DIV TIL65,637$2.14M0.1%−623−0.9%Reduced–
Global X FDS37954Y673US INFR DEV ETF56,557$2.13M0.1%−27,822−33.0%Reduced–
ORLYO Reilly Automotive IncStock1,486$2.13M0.1%−22−1.5%ReducedHistory
KMBKimberly Clark CorpStock14,807$2.11M0.1%+625+4.4%AddedHistory
ODFLOld Dominion Freight Line, Inc.COM12,692$2.10M0.1%−135−1.1%ReducedHistory
AMDAdvanced Micro Devices IncStock20,379$2.09M0.1%−59−0.3%ReducedHistory
FANGDiamondback Energy, Inc.Stock13,071$2.09M0.1%+3,306+33.9%AddedHistory
VanEck Morningstar Wide Moat ETF92189F643ETF23,696$2.09M0.1%+2,459+11.6%Added–
iShares Tr464287630RUS 2000 VAL ETF13,772$2.08M0.1%+1,273+10.2%Added–
iShares Tr4642874407-10 YR TRSY BD21,761$2.08M0.1%+7,393+51.5%Added–
Global X FDS37954Y483NASDAQ 100 COVER124,504$2.07M0.1%+12,366+11.0%Added–
SOSouthern CoStock22,442$2.06M0.1%−13,526−37.6%ReducedHistory
J P Morgan Exchange Traded F46641Q878BET USD HIG ETF44,786$2.06M0.1%+1,523+3.5%Added–
Principal Exchange Traded FD74255Y870US MEGA CP ETF36,277$2.06M0.1%+5,793+19.0%Added–
iShares Russell 2000 Growth ETF464287648ETF8,055$2.06M0.1%+688+9.3%Added–
CSWCCapital Southwest CorpCOM92,019$2.05M0.1%+92,019NewHistory
UTGReaves Utility Income FundCOM SH BEN INT63,053$2.05M0.1%−1,780−2.7%ReducedHistory

Sold out since Q4 2024 (106)

Positions held at the end of Q4 2024 that are gone from this filing.

The largest 100 of 106 by value last quarter.

Positions of Change Path, LLC sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
Northern LTS FD Tr IV66538H419INSPIRE INTL ETF412,946$12.0M0.4%–
Northern LTS FD Tr IV66538H534INSPIRE 100 ETF205,679$8.00M0.2%–
Timothy Plan887432334INTL ETF295,507$7.85M0.2%–
ETF Opportunities Trust26923N678IDX DYNAMIC INNO79,023$2.21M0.1%–
Invesco Exch TRD SLF Idx FD46138J510BULSHS 2026 MUNI80,000$1.89M0.1%–
MANHManhattan Associates IncStock5,106$1.38M<0.1%History
IPInternational Paper CoCOM22,590$1.22M<0.1%History
CRCrane CoCOMMON STOCK7,585$1.15M<0.1%History
MMYTMakeMyTrip LtdStock9,302$1.04M<0.1%History
CACICACI International IncCL A2,572$1.04M<0.1%History
HASHasbro, Inc.COM16,855$942.4K<0.1%History
First Tr Exchng Traded FD VI33740U596VEST US EQU ENHA28,548$924.2K<0.1%–
CLHClean Harbors IncCOM3,926$903.5K<0.1%History
iShares Tr464287515EXPANDED TECH8,967$897.8K<0.1%–
BAHBooz Allen Hamilton Holding CorpCL A6,787$873.5K<0.1%History
TEVATeva Pharmaceutical Industries LtdSPONSORED ADS39,413$868.7K<0.1%History
ADUSAddus HomeCare CorpCOM6,843$857.8K<0.1%History
DKSDick's Sporting Goods, Inc.Stock3,737$855.1K<0.1%History
J P Morgan Exchange-Traded F46641Q340BETABUILDERS US8,803$847.1K<0.1%–
Pacer FDS Tr69374H717LUNT LRG CP ALTR22,296$828.7K<0.1%–
First Tr Exchng Traded FD VI33740F888SMIT UNCO BD ETF31,704$781.5K<0.1%–
iShares Tr464288257MSCI ACWI ETF6,612$776.9K<0.1%–
IPGInterpublic Group of Companies, Inc.COM27,704$776.3K<0.1%History
Schwab Strategic Tr808524672INTERNL DIVID33,506$774.7K<0.1%–
First Tr Exchng Traded FD VI33740U802FT VEST U.S.19,908$740.8K<0.1%–
LBTYALiberty Global Ltd.COM CL A54,419$694.4K<0.1%History
Listed FDS Tr53656G498ROUN MA SEVE ETF12,279$668.2K<0.1%–
First Tr Exchng Traded FD VI33740F250VEST US EQUITY E20,830$657.8K<0.1%–
UALUnited Airlines Holdings, Inc.COM6,710$651.5K<0.1%History
IQVIQVIA Holdings Inc.Stock3,065$602.3K<0.1%History
Pacer Lunt Large Cap Multi-Factor Alternator ETF69374H816ETF12,177$599.5K<0.1%–
CBRECbre Group, Inc.CL A4,359$572.3K<0.1%History
SYFSynchrony FinancialCOM8,181$531.8K<0.1%History
CXTCrane NXT, Co.COM8,798$512.2K<0.1%History
Ea Series Trust02072L722STRI US ENER ETF18,322$499.6K<0.1%–
First Tr Exchng Traded FD VI33740F136FT VEST US EQUIT15,750$480.5K<0.1%–
SNNRFSunrise Communications AGADS CL A10,608$457.0K<0.1%History
Listed FD Tr53656F748TRUESHARES STRUC14,547$456.1K<0.1%–
FICOFair Isaac CorpCOM221$440.0K<0.1%History
NXPINXP Semiconductors N.V.COM2,086$433.6K<0.1%History
MTBM&T Bank CorpCOM2,115$397.6K<0.1%History
EZBCFranklin Templeton Digital Holdings TrustBITCOIN ETF SHS7,326$396.7K<0.1%History
TREXTrex Co IncCOM5,715$394.5K<0.1%History
UHSUniversal Health Services IncCL B2,111$378.8K<0.1%History
CLXClorox CoStock2,332$378.7K<0.1%History
CODICompass Diversified HoldingsSH BEN INT16,340$377.1K<0.1%History
iShares Inc464286319EM MKTS DIV ETF14,520$375.0K<0.1%–
TTDTrade Desk, Inc.Stock2,988$351.2K<0.1%History
JEFJefferies Financial Group Inc.COM4,462$349.8K<0.1%History
Invesco Exchange Traded FD T46137V464S&P MDCP MOMNTUM2,614$322.9K<0.1%–
Global X FDS37954Y228CLEANTECH ETF47,275$320.8K<0.1%–
Listed FD Tr53656F797TRUESHARES STRUC10,513$316.2K<0.1%–
MATXMatson, Inc.COM2,338$315.3K<0.1%History
BALLBALL CorpCOM5,689$313.6K<0.1%History
Amplify Blockchain Technology ETF032108607ETF7,223$311.9K<0.1%–
iShares Tr46435G474FALN ANGLS USD11,580$309.3K<0.1%–
VMIValmont Industries IncCOM998$306.1K<0.1%History
Capital Group GBL Growth EQT14020X104SHS CREAT UNIT10,123$295.8K<0.1%–
PIMCO ETF Tr72201R2051-5 US TIP IDX5,569$291.3K<0.1%–
SHAKShake Shack Inc.CL A2,239$290.6K<0.1%History
First Tr Exch Traded FD III33739P863CALIF MUN INCM5,686$280.7K<0.1%–
Global X FDS37954Y707RENEWABLE ENERGY31,528$273.7K<0.1%–
CFBCrossfirst Bankshares, Inc.COM17,500$265.1K<0.1%History
ELFe.l.f. Beauty, Inc.COM2,102$263.9K<0.1%History
Simplify Exchange Traded Fun82889N863VOLATILITY PREM12,188$253.4K<0.1%–
John Hancock Exchange Traded47804J206MULTIFACTOR MI4,210$251.5K<0.1%–
ILMNIllumina, Inc.COM1,853$247.6K<0.1%History
CLMBClimb Global Solutions, Inc.COM1,948$246.9K<0.1%History
Capital Group Growth ETF14020G101SHS CREAT UNIT6,513$242.1K<0.1%–
TMToyota Motor CorpADS1,226$238.5K<0.1%History
Listed FD Tr53656F664TRUESHARES STRCT5,697$237.1K<0.1%–
ETHEGrayscale Ethereum Staking ETFETF8,457$237.0K<0.1%History
ROPRoper Technologies IncStock452$234.9K<0.1%History
First Tr Exchng Traded FD VI33740F839FT VEST US EQT5,426$232.6K<0.1%–
Global X FDS37954Y467E COMMERCE ETF8,274$229.5K<0.1%–
Innovator ETFs Trust45783Y541EQUITY DEF PROTN8,130$225.8K<0.1%–
iShares Tr464288802ESG OPTIMIZED1,856$225.6K<0.1%–
CARTMaplebear Inc.COM5,424$224.7K<0.1%History
TEAMAtlassian CorpCL A909$221.2K<0.1%History
ProShares Bitcoin ETF74347G440ETF9,657$220.0K<0.1%–
FBNCFirst BancorpCOM5,000$219.9K<0.1%History
TTWOTake Two Interactive Software IncCOM1,194$219.8K<0.1%History
VanEck ETF Trust92189F437FALLEN ANGEL HG7,626$218.6K<0.1%–
ProShares Tr74348A467S&P 500 DV ARIST2,143$213.3K<0.1%–
VanEck Vectors ETF Tr92189H854MOODYS ANALYTICS10,005$211.8K<0.1%–
BXSLBlackstone Secured Lending FundCOMMON STOCK6,552$211.7K<0.1%History
First Trust Dow Jones Internet Index Fund33733E302ETF866$210.6K<0.1%–
iShares Tr464287796U.S. ENERGY ETF4,605$209.8K<0.1%–
MAINMain Street Capital CORPCEF3,554$208.2K<0.1%History
Fidelity Comwlth Tr315912808NASDAQ COMPSIT2,730$207.7K<0.1%–
iShares Tr464288356CALIF MUN BD ETF3,610$206.8K<0.1%–
ETHWBitwise Ethereum ETFSHS8,613$206.5K<0.1%History
GIBCgi IncCL A1,886$206.2K<0.1%History
Innovator ETFs Trust45782C532US EQTY ULTRA B5,830$204.6K<0.1%–
EWEdwards Lifesciences CorpStock2,715$201.0K<0.1%History
CHHChoice Hotels International IncCOM1,411$200.3K<0.1%History
HRHealthcare Realty Trust IncCL A COM11,218$190.1K<0.1%History
GCTGigaCloud Technology IncStock10,000$185.2K<0.1%History
CRNTCeragon Networks LtdStock36,773$171.7K<0.1%History
SERVServe Robotics Inc.COM11,567$156.2K<0.1%History