RFG Holdings Discloses $387M Portfolio in Q3 13F Filing
RFG HOLDINGS, INC.
Filing Summary
RFG Holdings Discloses $387M Portfolio in Q3 13F Filing
Filer: RFG Holdings, Inc. CIK: 0001845210 Form: 13F-HR | Filed: 2025-10-15 Significance: Medium
Filing Summary: • Type: Institutional Holdings Report • Total Portfolio Value: $387,577,798 • Number of Holdings: 61 • Period of Report: 2025-09-30
Top 5 Holdings by Value:
- Vanguard S&P 500 ETF (VOO): $108,867,433
- Invesco QQQ Trust (QQQ): $50,275,641
- Invesco Senior Loan ETF (BKLN): $39,321,573
- SPDR Portfolio High Yield Bond ETF (SPHY): $25,252,016
- Vanguard 500 Index Fund Growth ETF (VOOG): $17,741,533
Key Insight: The filing reveals a portfolio with a strong concentration in broad-market and sector ETFs, comprising over half of the total value. This is supplemented by significant positions in major technology stocks like NVIDIA, Apple, and Microsoft, alongside an allocation to a Bitcoin ETF.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: RFG Holdings, Inc. (13F-HR)
Executive Summary
- Trading Significance: Medium
- Key Takeaway: RFG Holdings, Inc. reported a total of $387.6 million in assets under management as of September 30, 2025. The portfolio is heavily concentrated in large-cap US equity and bond ETFs, with notable individual holdings in leading technology companies and a small position in a spot Bitcoin ETF, indicating a diversified but growth-oriented strategy.
- Market Impact: As a quarterly holdings report from a mid-sized investment advisor, the direct market impact is low. However, it provides valuable insight into institutional sentiment and allocation strategies, particularly the strong confidence in broad market ETFs and mega-cap tech stocks.
Filer Information
| Field | Value |
|---|---|
| Filer Name | RFG Holdings, Inc. |
| CIK | 0001845210 |
| Total Portfolio Value | $387,577,798 |
| Number of Holdings | 61 |
| Report Period | 2025-09-30 |
Filing Details
This is a Form 13F-HR, a quarterly report filed by institutional investment managers with at least $100 million in equity assets under management. It discloses their long U.S. equity holdings at the end of a calendar quarter. It is a snapshot, not a record of individual buy/sell transactions.
| Field | Value |
|---|---|
| Form Type | 13F-HR |
| Filing Date | 2025-10-15 |
| Accession Number | 0001845210-25-000002 |
Top Holdings Analysis
| Issuer | Class of Security | Value (USD) | Shares |
|---|---|---|---|
| VANGUARD INDEX FDS | S&P 500 ETF SHS | $108,867,433 | 177,777 |
| INVESCO QQQ TR | UNIT SER 1 | $50,275,641 | 83,741 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | $39,321,573 | 1,878,718 |
| SPDR SERIES TRUST | PORTFLI HIGH YLD | $25,252,016 | 1,054,804 |
| VANGUARD ADMIRAL FDS INC | 500 GRTH IDX F | $17,741,533 | 40,742 |
| NVIDIA CORPORATION | COM | $3,994,334 | 21,408 |
| APPLE INC | COM | $3,864,129 | 15,174 |
| MICROSOFT CORP | COM | $3,349,678 | 6,466 |
| PALANTIR TECHNOLOGIES INC | CL A | $3,241,147 | 17,767 |
| TESLA INC | COM | $2,649,091 | 5,956 |
Investment Insights
Positive Market Indicators
- Core ETF Strategy: The top two holdings, representing over 41% of the portfolio, are in VOO and QQQ, indicating a strong bullish stance on the overall U.S. market and the tech sector.
- Growth Stock Conviction: Significant positions in high-growth names like NVIDIA, Tesla, and Palantir show an active allocation towards companies perceived to have strong future potential.
- Diversification into Alternatives: The inclusion of a position in the Bitwise Bitcoin ETF ($721,628) demonstrates an allocation to digital assets as a portfolio diversifier.
- Private Market Exposure: A holding in CoreWeave Inc. ($1,896,877), a private AI cloud company, is a notable and sophisticated position not commonly seen in 13F filings.
Risk Factors
- Concentration Risk: The portfolio is heavily concentrated in its top 5 holdings (all ETFs), which account for approximately 62% of the total reported value.
- Lagging Data: The filing reflects positions as of September 30, 2025. The firm could have altered these positions since the reporting date.
Key Takeaways
- ETF-Centric Core: RFG Holdings builds its portfolio around a core of low-cost, broad-market ETFs for primary exposure.
- Active Tech Satellite: The core is supplemented by actively chosen individual stocks, primarily in the technology and AI sectors.
- Modern Diversification: The firm is incorporating modern asset classes, including cryptocurrency and private equity, into its strategy.
Contextual Analysis
Timing Significance
This filing provides a standard end-of-quarter snapshot. It reflects the firm's positioning after the market movements of Q3 2025 and sets the stage for their strategy entering Q4. The data is a lagging indicator but useful for trend analysis of institutional flows.
Portfolio Context
The portfolio composition suggests a 'core-satellite' investment strategy. The 'core' consists of diversified, market-tracking ETFs, providing stability and broad exposure. The 'satellite' positions are higher-conviction, individual stocks and alternative assets intended to generate alpha.
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 2025-10-15 | Data source: SEC EDGAR
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.