SEC Filing Analysis: Wealth Alliance Advisory Group, LLC

Executive Summary

• Trading Significance: Medium
• Key Takeaway: Wealth Alliance Advisory Group, LLC filed a 13F-HR for the quarter ending September 30, 2025, reporting $554.4 million in assets under management across 191 positions. The portfolio is heavily weighted towards large-cap and broad-market ETFs, suggesting a diversified, long-term strategic allocation.
• Market Impact: As a standard quarterly disclosure from a moderately-sized RIA, this filing is unlikely to cause significant market moves in individual securities. However, it provides valuable insight into the allocation strategies of institutional money managers, showing a continued reliance on low-cost ETFs for core portfolio exposure.

Filer Information

Field	Value
Filer Name	Wealth Alliance Advisory Group, LLC
CIK	0001735734
Total Portfolio Value	$554,419,170
Number of Holdings	191

Filing Details

Field	Value
Form Type	13F-HR
Filing Date	2025-10-14
Period of Report	2025-09-30
Accession Number	0002085853-25-000079

Note: This is an institutional holdings report, not an insider trading filing. Fields related to individual insiders and specific transactions are not applicable.

Portfolio Analysis

The firm's strategy appears to be centered around a core of diversified, low-cost ETFs, supplemented by positions in individual large-cap stocks.

Top 10 Holdings by Value

Issuer	Title	Value (USD)
ISHARES TR	CORE S&P500 ETF	$52,686,814
VANGUARD INDEX FDS	VALUE ETF	$36,983,094
FIDELITY MERRIMACK STR TR	TOTAL BD ETF	$32,270,056
FIDELITY COVINGTON TRUST	ENHANCED INTL	$29,082,869
PIMCO ETF TR	MULTISECTOR BD	$28,016,777
SPDR INDEX SHS FDS	MSCI ACWI EXUS	$16,746,806
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	$14,866,345
NVIDIA CORPORATION	COM	$12,573,018
VANGUARD INDEX FDS	TOTAL STK MKT	$12,390,677
APPLE INC	COM	$12,326,542

Sector & Asset Allocation Insights

• Equity Focus: The portfolio has a strong foundation in U.S. large-cap equities, evidenced by the top holding in an S&P 500 ETF.
• Fixed Income Allocation: Significant holdings in total bond market and multisector bond ETFs (Fidelity, PIMCO) indicate a balanced approach to risk management and income generation.
• Tech Exposure: Despite the ETF focus, the firm holds substantial individual positions in mega-cap technology stocks like NVIDIA, Apple, and Microsoft, capitalizing on growth trends.
• International Diversification: Holdings in international and emerging market ETFs show a commitment to global diversification.

Investment Insights

Key Takeaways

1. Core-Satellite Strategy: The portfolio structure strongly suggests a core-satellite approach, using broad market ETFs as the core and individual stocks and sector ETFs as satellites to seek alpha.
2. Balanced Risk Posture: The substantial allocation to both equity and fixed-income funds points to a balanced risk posture, suitable for clients with a moderate risk tolerance.
3. Belief in Mega-Cap Growth: The concentration in top-tier tech names like NVIDIA, Apple, and Microsoft as the largest individual stock holdings indicates a bullish outlook on the continued performance of established technology leaders.

Contextual Analysis

Filing Purpose

Form 13F-HR is a mandatory quarterly report for institutional investment managers with over $100 million in qualifying assets. It discloses their long positions to the SEC and the public, offering a transparent look at their holdings at the end of each quarter.

Limitations

This filing is a snapshot in time and is backward-looking. The data is as of September 30, 2025, and does not reflect any trading activity that has occurred since that date. The report also does not include short positions, cash holdings, or certain other asset types, providing an incomplete picture of the firm's total strategy.

Risk Assessment

Risk Level: Low

Informational Risks

• Lagging Data: The primary risk in analyzing a 13F is the time lag. These holdings may have changed significantly between the reporting date and the filing date.
• Incomplete Picture: The filing does not show the manager's full book, omitting short positions and other non-reportable assets. Decisions should not be made solely based on this partial information.
• No 'Why': The filing shows what the manager held, but not why. The rationale behind the positions is not disclosed.

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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 2025-10-15 | Data source: SEC EDGAR