SEC Filing Analysis: Legacy Wealth Asset Management, LLC

Executive Summary

• Trading Significance: Medium
• Key Takeaway: Legacy Wealth Asset Management has filed its quarterly Form 13F-HR, disclosing $411.5 million in assets under management across 359 positions as of September 30, 2025. The portfolio exhibits a significant, concentrated position in a spot Bitcoin ETF, alongside major holdings in thematic and fixed-income ETFs, and various large-cap equities.
• Market Impact: As a backward-looking statement of holdings, 13F filings from mid-sized firms typically have a limited immediate market impact. However, the disclosure provides valuable insight into the firm's strategic allocations, particularly its substantial bet on digital assets, which could influence sentiment among investors tracking their strategy.

Filer Information

Field	Value
Filer Name	Legacy Wealth Asset Management, LLC
CIK	0001846151
Total Portfolio Value	$411,514,445
Number of Holdings	359

Portfolio Summary

This Form 13F-HR is a snapshot of the filer's long positions as of the end of the third quarter of 2025. It does not include short positions, cash, or other asset classes.

Top 10 Holdings by Market Value

Issuer	Security	Market Value (USD)	Shares
FIDELITY WISE ORIGIN BITCOIN	SHS	$30,766,033	308,246
GLOBAL X FDS	GLBL X MLP ETF	$10,395,040	214,685
NORTHERN LTS FD TR IV	INSPIRE INTL ETF	$9,070,794	257,218
ISHARES TR	TRS FLT RT BD	$8,940,962	176,734
NORTHERN LTS FD TR IV	INSPIRE 500 ETF	$6,558,791	26,314
STRATEGY SHS	EVENTIDE US MRKT	$6,206,390	228,344
GRAYSCALE BITCOIN TRUST ETF	SHS REP COM UT	$5,730,288	63,833
BROADCOM INC	COM	$5,626,630	17,055
NVIDIA CORPORATION	COM	$5,315,664	28,490
APPLE INC	COM	$5,123,210	20,120

Market Impact Analysis

Portfolio Strategy Indicator

• Direction: Bullish on specific themes, particularly cryptocurrency and energy infrastructure (MLPs), balanced with broad market and fixed-income ETFs.
• Reasoning: The portfolio structure suggests a core-satellite strategy. The 'core' consists of diversified ETFs and blue-chip stocks, while the 'satellites' are high-conviction, concentrated bets. The Fidelity Bitcoin ETF (FBTC) position is the most notable, representing approximately 7.5% of the entire disclosed portfolio, a very aggressive allocation for a single thematic asset.

Sentiment Indicator

• Overall Sentiment: Cautiously Bullish with high conviction in specific sectors.
• Details: The significant holdings in floating-rate bond ETFs (TFLO, USFR) suggest a hedge against interest rate volatility or a strategy to capitalize on higher rates. This is contrasted with aggressive growth bets in technology (NVIDIA, Broadcom) and cryptocurrency (FBTC, GBTC), indicating a multi-faceted approach to the current market environment.

Investment Insights

Positive Market Indicators

• High-Conviction Bets: The firm is not merely tracking an index; it is making substantial, active bets on themes it believes in, such as the future of digital assets.
• Diversification: Despite the large crypto holding, the portfolio is diversified across 359 positions, including international equities, various market-cap segments, and fixed-income instruments, which provides a degree of risk management.
• Blue-Chip Foundation: The presence of mega-cap stocks like Apple, NVIDIA, and Broadcom in the top holdings provides a stable anchor to the more speculative satellite positions.

Risk Factors

• Concentration Risk: The heavy allocation to a single Bitcoin ETF exposes the portfolio to the high volatility inherent in the cryptocurrency market.
• Timing Lag: This filing reflects positions held over a month ago. The firm could have altered these positions significantly since the reporting date.
• Incomplete Picture: 13F filings do not require disclosure of short positions, cash, or other assets, meaning this is not a complete view of the firm's overall risk profile and strategy.

Contextual Analysis

Filing Context

This is a mandatory quarterly report for institutional managers with over $100 million in qualifying assets. The data is as of September 30, 2025, and was made public on October 14, 2025. This 45-day delay is standard for 13F filings.

Thematic Focus

Legacy Wealth's portfolio clearly demonstrates a belief in several key themes:

1. Digital Assets: A combined holding of over $36 million in Bitcoin ETFs (FBTC and GBTC).
2. ESG/Biblically Responsible Investing: Significant positions in Inspire ETFs (BIBL, WIB) and Eventide funds (ETLIX).
3. Income & Inflation Hedging: Large allocations to MLP and floating-rate bond ETFs.

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IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-14 | Data source: SEC EDGAR