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Livermore
Livermore
ZHEN

N.E.W. Advisory Services LLC

SEC CIK
0001803456
Latest filing
Aug 6, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 18, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
840
−54 vs. Q1 2025
Portfolio value
$1.03B
−$276.0M (−21.1%) vs. Q1 2025
Filed
Aug 18, 2025
SEC
Holdings of N.E.W. Advisory Services LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF650,245$197.6M19.2%−103,774−13.8%Reduced–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF1,372,477$71.8M7.0%−527,633−27.8%Reduced–
State Street SPDR Portfolio S&P 500 ETF78464A854ETF908,809$66.1M6.4%−151,365−14.3%Reduced–
iShares Tr46435G672CORE INTL AGGR1,061,276$54.2M5.3%−50,586−4.5%Reduced–
JPMorgan Ultra-Short Income ETF46641Q837ETF1,029,052$52.2M5.1%−53,562−4.9%Reduced–
State Street SPDR Portfolio Aggregate Bond ETF78464A649ETF1,735,980$44.4M4.3%−546,886−24.0%Reduced–
Dimensional World Ex U.S. Core Equity 2 ETF25434V880ETF1,240,838$36.4M3.5%−84,169−6.4%Reduced–
Vanguard Star FDS921909768VG TL INTL STK F491,534$34.0M3.3%−36,580−6.9%Reduced–
Vanguard Total Bond Market ETF921937835ETF413,539$30.4M3.0%+7,754+1.9%Added–
SPDR Series Trust78464A805ST STR PR SP1500405,132$30.3M2.9%−68,010−14.4%Reduced–
Vanguard Admiral FDS Inc921932778SMLCP 600 VAL322,805$27.6M2.7%−31,098−8.8%Reduced–
American Centy ETF Tr025072877US SML CP VALU290,437$26.5M2.6%−7,591−2.5%Reduced–
Dimensional U.S. Core Equity 2 ETF25434V708ETF591,946$21.2M2.1%−45,725−7.2%Reduced–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF494,549$20.0M1.9%−271,410−35.4%Reduced–
BRK.BBerkshire Hathaway IncStock40,510$19.7M1.9%−4,610−10.2%ReducedHistory
Vanguard Index FDS922908652EXTEND MKT ETF72,439$14.0M1.4%−12,289−14.5%Reduced–
Vanguard S&P 500 ETF922908363ETF23,822$13.5M1.3%−651−2.7%Reduced–
SPDR Index Shs FDS78463X509ST PORT MARK ETF302,356$12.9M1.3%−147,229−32.7%Reduced–
PGProcter & Gamble CoStock78,245$12.5M1.2%−15,494−16.5%ReducedHistory
AAPLApple Inc.Stock54,502$11.2M1.1%−34,534−38.8%ReducedHistory
Vanguard Morningstar Growth ETF922908736ETF24,593$10.8M1.0%−5,759−19.0%Reduced–
Vanguard Ftse All-World Ex-US Small-Cap ETF922042718ETF79,150$10.6M1.0%−20,358−20.5%Reduced–
SPDR Index Shs FDS78463X871ST INTL CAP ETF203,448$7.56M0.7%−138,600−40.5%Reduced–
iShares Tr464288877EAFE VALUE ETF115,463$7.33M0.7%−63,882−35.6%Reduced–
Dimensional ETF Trust25434V807INTERNATNAL VAL145,243$6.22M0.6%−22,582−13.5%Reduced–
Vanguard Morningstar Value ETF922908744ETF30,558$5.40M0.5%−5,083−14.3%Reduced–
SPDR Index Shs FDS78463X756ST MARKE CAP ETF83,731$5.19M0.5%−46,853−35.9%Reduced–
IBMInternational Business Machines CorpStock17,395$5.13M0.5%−427−2.4%ReducedHistory
AMZNAmazon Com IncStock22,192$4.87M0.5%−7,462−25.2%ReducedHistory
NICNicolet Bankshares IncCOM38,337$4.73M0.5%−1,111−2.8%ReducedHistory
State Street SPDR S&P 600 Small Cap Value ETF78464A300ETF57,839$4.61M0.4%−104,256−64.3%Reduced–
J P Morgan Exchange Traded F46641Q332EQUITY PREMIUM80,800$4.59M0.4%−23,170−22.3%Reduced–
Vanguard Information Technology ETF92204A702ETF6,617$4.39M0.4%−1,140−14.7%Reduced–
NVDANVIDIA CorpStock26,839$4.24M0.4%−6,348−19.1%ReducedHistory
WECWec Energy Group, Inc.Stock35,135$3.66M0.4%−5,026−12.5%ReducedHistory
iShares Tr464287150CORE S&P TTL STK25,956$3.51M0.3%+190+0.7%Added–
Invesco QQQ Trust Series I46090E103ETF6,185$3.41M0.3%−2,350−27.5%Reduced–
PLTRPalantir Technologies Inc.Stock24,277$3.31M0.3%−3,096−11.3%ReducedHistory
MSFTMicrosoft CorpStock6,607$3.29M0.3%−2,438−27.0%ReducedHistory
Vanguard Morningstar Small-Cap ETF922908751ETF12,473$2.96M0.3%−460−3.6%Reduced–
Vanguard Consumer Discretionary ETF92204A108ETF7,872$2.85M0.3%−2,118−21.2%Reduced–
Vanguard Ftse Developed Markets ETF921943858ETF49,759$2.84M0.3%+196+0.4%Added–
ProShares Tr74348A467S&P 500 DV ARIST27,186$2.74M0.3%−117−0.4%Reduced–
J P Morgan Exchange Traded F46654Q724HEDG EQU LAD ETF43,398$2.72M0.3%−330,828−88.4%Reduced–
Vanguard Consumer Staples ETF92204A207ETF12,392$2.71M0.3%−1,092−8.1%Reduced–
JPMJPMorgan Chase & CoStock9,255$2.68M0.3%+716+8.4%AddedHistory
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF26,383$2.51M0.2%−19,924−43.0%Reduced–
Vanguard World FD921910816MEGA GRWTH IND6,512$2.38M0.2%−187−2.8%Reduced–
WFCWells Fargo & CompanyStock28,181$2.26M0.2%−1,655−5.5%ReducedHistory
Vanguard Morningstar Mid-Cap ETF922908629ETF7,929$2.22M0.2%−740−8.5%Reduced–
First Tr Exchange Traded FD33741X102SMID RISNG ETF48,337$1.71M0.2%−375,016−88.6%Reduced–
Schwab U.S. Large-Cap Growth ETF808524300ETF58,177$1.70M0.2%−408,923−87.5%Reduced–
Vanguard High Dividend Yield Index ETF921946406ETF12,713$1.69M0.2%−755−5.6%Reduced–
J P Morgan Exchange Traded F46641Q670CORE PLUS BD ETF33,726$1.59M0.2%−309,167−90.2%Reduced–
First Tr Exchange-Traded FD33738D788CORE INVESTMENT75,068$1.58M0.2%−621,330−89.2%Reduced–
MCDMcDonalds CorpStock5,291$1.55M0.2%−175−3.2%ReducedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF30,411$1.50M0.1%−127−0.4%Reduced–
SPYSPDR S&P 500 ETF TrustETF2,264$1.40M0.1%−173−7.1%ReducedHistory
First Trust Rising Dividend Achievers ETF33738R506ETF22,020$1.38M0.1%−173,057−88.7%Reduced–
WMTWalmart Inc.Stock13,932$1.36M0.1%−15,064−52.0%ReducedHistory
T Rowe Price Exchange-Traded87283Q859VALUE ETF40,899$1.34M0.1%+40,899New–
METAMeta Platforms, Inc.Stock1,701$1.26M0.1%−1,033−37.8%ReducedHistory
DNPDNP Select Income Fund IncCOM126,346$1.24M0.1%−755,938−85.7%ReducedHistory
GILDGilead Sciences, Inc.Stock10,399$1.15M0.1%+35+0.3%AddedHistory
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD14,424$1.15M0.1%+150+1.1%Added–
Vanguard Health Care ETF92204A504ETF4,604$1.14M0.1%−1,428−23.7%Reduced–
TSLATesla, Inc.Stock3,590$1.14M0.1%−351−8.9%ReducedHistory
VVisa Inc.Stock3,127$1.11M0.1%−1,107−26.1%ReducedHistory
Schwab Fundamental International Equity ETF808524755ETF26,602$1.06M0.1%−457−1.7%Reduced–
State Street Financial Select Sector SPDR ETF81369Y605ETF20,137$1.05M0.1%−245−1.2%Reduced–
T Rowe Price Exchange-Traded87283Q867CAP APPRECIATION28,643$1.01M0.1%+28,643New–
ORealty Income CorpREIT17,504$1.01M0.1%+2,001+12.9%AddedHistory
J P Morgan Exchange Traded F46641Q761US QUALTY FCTR16,438$987.1K0.1%−176,494−91.5%Reduced–
OSKOshkosh CorpCOM8,489$963.8K0.1%−2,750−24.5%ReducedHistory
CARRCarrier Global CorpStock13,138$961.6K0.1%−281−2.1%ReducedHistory
iShares Tr464287721U.S. TECH ETF5,453$944.9K0.1%−64−1.2%Reduced–
iShares Tr46436E7180-3 MTH TREASURY9,315$937.9K0.1%−1,152−11.0%Reduced–
Vanguard Scottsdale FDS92206C102SHORT TERM TREAS15,955$937.8K0.1%+363+2.3%Added–
First Tr Exchange Traded FD33738R704RBA INDL ETF11,279$918.1K0.1%−108,727−90.6%Reduced–
JNJJohnson & JohnsonStock5,935$906.6K0.1%−241−3.9%ReducedHistory
GLDSPDR Gold TrustETF2,891$881.3K0.1%+27+0.9%AddedHistory
TAT&T Inc.Stock30,239$875.1K0.1%−222−0.7%ReducedHistory
iShares S&P 500 Value ETF464287408ETF4,438$867.2K0.1%−100−2.2%Reduced–
SLViShares Silver TrustETF25,071$822.6K0.1%+613+2.5%AddedHistory
SPDR Series Trust78464A763ST STR SP DIV6,001$814.6K0.1%−4,363−42.1%Reduced–
WisdomTree Tr97717X578EM EX ST-OWNED23,335$804.6K0.1%−154−0.7%Reduced–
SCHWSchwab Charles CorpStock8,635$787.8K0.1%+1,051+13.9%AddedHistory
UPSUnited Parcel Service IncStock7,702$777.5K0.1%+2,958+62.4%AddedHistory
iShares Core S&P 500 ETF464287200ETF1,243$771.8K0.1%−221−15.1%Reduced–
Vanguard Ftse All-World Ex-US Index Fund922042775ETF11,393$765.8K0.1%−1,434−11.2%Reduced–
AHRAmerican Healthcare REIT, Inc.COM SHS20,522$754.0K0.1%−7,317−26.3%ReducedHistory
RTXRTX CorpStock5,126$748.5K0.1%−581−10.2%ReducedHistory
KOCoca Cola CoStock10,290$728.0K0.1%−146−1.4%ReducedHistory
Fidelity Comwlth Tr315912808NASDAQ COMPSIT9,059$725.6K0.1%−6,663−42.4%Reduced–
J P Morgan Exchange Traded F46641Q886DIVERSFED RTRN6,993$725.2K0.1%−78,683−91.8%Reduced–
GOOGLAlphabet Inc.Stock4,014$707.4K0.1%−1,465−26.7%ReducedHistory
Vanguard Malvern FDS922020805STRM INFPROIDX13,441$675.7K0.1%+349+2.7%Added–
iShares Russell Top 200 Growth ETF464289438ETF2,718$669.9K0.1%+3+0.1%Added–
Vanguard Industrials ETF92204A603ETF2,375$665.3K0.1%−667−21.9%Reduced–
American Centy ETF Tr025072349US LARGE CAP VLU9,590$654.1K0.1%+40+0.4%Added–

Sold out since Q1 2025 (87)

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

Positions of N.E.W. Advisory Services LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
Vanguard Morningstar Large-Cap ETF922908637ETF48,102$12.4M0.9%–
SPDR Series Trust78464A151SST SPDR BLOOMBE241,798$7.13M0.5%–
AB Active ETFs Inc00039J830SHOR DU YIEL ETF14,000$497.6K<0.1%–
J P Morgan Exchange Traded F46641Q159INCOME ETF6,631$305.5K<0.1%–
First Tr Exchange-Traded FD33738D879FT VEST RIS12,610$299.1K<0.1%–
DFSDiscover Financial ServicesCOM1,707$291.4K<0.1%History
FTHYFirst Trust High Yield Opportunities 2027 Term FundCOM16,582$239.6K<0.1%History
First Tr Exchange-Traded FD33738D408FIRST TR TA HIYL5,299$217.5K<0.1%–
Vanguard World FD921910691ESG US CORP BD2,647$166.5K<0.1%–
HUMHumana IncStock544$143.9K<0.1%History
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR8,000$114.7K<0.1%History
ADPAutomatic Data Processing IncStock301$92.1K<0.1%History
BMIBadger Meter IncCOM350$66.6K<0.1%History
Invesco Exchange Traded FD T46137V480S&P SMCP VLU MNT1,270$63.7K<0.1%–
Northern LTS FD Tr IV66538H419INSPIRE INTL ETF2,073$63.7K<0.1%–
Northern LTS FD Tr IV66538H658INSPIRE GBL HOPE1,608$60.7K<0.1%–
J P Morgan Exchange Traded F46641Q399BETABUILDRS US600$60.5K<0.1%–
KTOSKratos Defense & Security Solutions, Inc.COM NEW2,000$59.4K<0.1%History
PCARPaccar IncCOM600$58.4K<0.1%History
TNLTravel & Leisure Co.COM1,174$54.4K<0.1%History
LWLamb Weston Holdings, Inc.Stock1,000$53.3K<0.1%History
J P Morgan Exchange Traded F46641Q167ACTIVE VALUE ETF800$50.8K<0.1%–
First Tr Exchng Traded FD VI33740F599FT VEST US EQT976$41.2K<0.1%–
First Trust Multi Cap Growth Alphadex Fund33733F101ETF316$40.8K<0.1%–
ORMPOramed Pharmaceuticals Inc.COM NEW18,900$40.4K<0.1%History
iShares Tr464288406MRGSTR MD CP VAL515$38.2K<0.1%–
TLNTalen Energy CorpCOM175$34.9K<0.1%History
OPKOpko Health, Inc.COM20,075$33.3K<0.1%History
HTGCHercules Capital, Inc.COM1,540$29.6K<0.1%History
WOLFWolfspeed, Inc.Stock9,150$28.0K<0.1%History
Vanguard Scottsdale FDS92206C664VNG RUS2000IDX301$24.2K<0.1%–
First Tr Exchng Traded FD VI33740F722FT VEST US EQT400$20.0K<0.1%–
TMToyota Motor CorpADS100$17.7K<0.1%History
WWWW International, Inc.COM33,257$17.4K<0.1%History
Spinnaker ETF Series84858T772SELE STO EUR ETF500$16.8K<0.1%–
SPDR Series Trust78464A755ST STR SP METAL298$16.7K<0.1%–
SDSandridge Energy IncCOM NEW1,352$15.4K<0.1%History
GRALGRAIL, Inc.COM604$15.4K<0.1%History
Invesco Exchange Traded FD T46137V746LARG CAP GRO ETF156$15.0K<0.1%–
MDAISpectral AI, Inc.COM CL A11,200$12.9K<0.1%History
LWLGLightwave Logic, Inc.COM12,500$12.8K<0.1%History
First Tr Exchange-Traded FD337344105NASDAQ-100 SEL106$12.8K<0.1%–
iShares Russell 2000 ETF464287655ETF60$12.0K<0.1%–
First Tr Exchange-Traded FD33734X176TECH ALPHADEX90$11.9K<0.1%–
First Trust Cloud Computing ETF33734X192ETF100$10.2K<0.1%–
SPDR Series Trust78468R606ST PORT HIGH ETF435$10.2K<0.1%–
iShares Core High Dividend ETF46429B663ETF82$9.93K<0.1%–
MDTMedtronic plcStock108$9.71K<0.1%History
KOSSKoss CorpCOM2,000$9.44K<0.1%History
SAIASaia IncCOM27$9.44K<0.1%History
First Tr Exchange-Traded FD33738D606LNG DUR OPRTUN420$9.03K<0.1%–
First Tr Exchng Traded FD VI33740F540SKYB CRY IND ETF672$8.22K<0.1%–
Vanguard Scottsdale FDS92206C599VNG RUS3000IDX32$7.90K<0.1%–
GGBGerdau S.A.SPON ADR REP PFD2,400$6.82K<0.1%History
VanEck Semiconductor ETF92189F676ETF30$6.34K<0.1%–
ETNEaton Corp plcStock23$6.25K<0.1%History
iShares Tr464288836U.S. PHARMA ETF86$6.05K<0.1%–
UNPUnion Pacific CorpStock25$5.91K<0.1%History
MCKMcKesson CorpStock8$5.38K<0.1%History
First Tr Exchange-Traded FD33738D796INTER GRADE ETF236$4.90K<0.1%–
GRABGrab Holdings LtdCLASS A ORD1,000$4.53K<0.1%History
BXMTBlackstone Mortgage Trust, Inc.COM CL A210$4.20K<0.1%History
CRLCharles River Laboratories International, Inc.COM21$3.16K<0.1%History
J P Morgan Exchange Traded F46654Q609ACTIVE GROWTH42$3.10K<0.1%–
iShares Tr464289875CORE 40 MODE ETF70$3.07K<0.1%–
PLUGPlug Power IncStock2,250$3.04K<0.1%History
OKEONEOK IncCOM29$2.88K<0.1%History
Invesco Exch Traded FD Tr II46138G631NASDAQNXTGEN10075$2.18K<0.1%–
ELDNEledon Pharmaceuticals, Inc.COM626$2.12K<0.1%History
ODFLOld Dominion Freight Line, Inc.COM12$1.99K<0.1%History
Vanguard BD Index FDS921937793LONG TERM BOND28$1.97K<0.1%–
CMICummins IncStock6$1.88K<0.1%History
Vanguard Long-Term Treasury ETF92206C847ETF24$1.38K<0.1%–
ABATAmerican Battery Technology CoCOM NEW1,312$1.35K<0.1%History
Dada Nexus Ltd23344D108ADS700$1.29K<0.1%–
SPDR Series Trust78468R531SPDR S&P 500 ESG22$1.18K<0.1%–
MRSHMarsh & McLennan Companies, Inc.Stock4$976<0.1%History
ITCIIntra-Cellular Therapies, Inc.COM7$923<0.1%History
MATVMativ Holdings, Inc.COM148$922<0.1%History
EAElectronic Arts Inc.COM6$867<0.1%History
AMCAMC Entertainment Holdings, Inc.CL A NEW272$781<0.1%History
FBTCFidelity Wise Origin Bitcoin FundSHS10$720<0.1%History
BOILProShares Trust IIETF8$686<0.1%History
ABOSAcumen Pharmaceuticals, Inc.COM598$658<0.1%History
EXRExtra Space Storage Inc.COM4$594<0.1%History
KHCKraft Heinz CoStock19$563<0.1%History
VanEck ETF Trust92189H409HIGH YLD MUNIETF10$512<0.1%–