Kraft, Davis & Associates, LLC Q4 2025 Filing

Filed January 14, 2026

Portfolio Value

$446.2B

Holdings

151

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (151 positions)

#	Stock	Shares	Value	% Portfolio
1	SMHVANECK ETF TRUST	79,271	$31.0B	6.95%
2	VTIVANGUARD INDEX FDS	74,199	$25.4B	5.69%
3	IVVISHARES TR	32,158	$22.4B	5.02%
4	FTECFIDELITY COVINGTON TRUST	81,384	$18.5B	4.16%
5	VIGVANGUARD SPECIALIZED FUNDS	71,669	$16.1B	3.61%
6	VUGVANGUARD INDEX FDS	30,447	$14.9B	3.35%
7	QTECFIRST TR EXCHANGE-TRADED FD	61,707	$14.8B	3.31%
8	QUALISHARES TR	70,607	$14.4B	3.22%
9	DFUSDIMENSIONAL ETF TRUST	171,938	$13.0B	2.91%
10	NEARISHARES U S ETF TR	252,831	$12.9B	2.90%
11	SPSBSPDR SERIES TRUST	405,520	$12.3B	2.75%
12	VYMIVANGUARD WHITEHALL FDS	131,210	$12.0B	2.70%
13	RWLINVESCO EXCH TRADED FD TR II	98,730	$11.6B	2.61%
14	UTESETFIS SER TR I	133,121	$10.6B	2.37%
15	VEAVANGUARD TAX-MANAGED FDS	162,567	$10.5B	2.35%
16	VEUVANGUARD INTL EQUITY INDEX F	122,107	$9.3B	2.09%
17	EVMOMORGAN STANLEY ETF TRUST	180,528	$9.2B	2.06%
18	FLDRFIDELITY MERRIMACK STR TR	173,373	$8.7B	1.95%
19	GLDMWORLD GOLD TR	94,685	$8.6B	1.93%
20	NOBLPROSHARES TR	79,293	$8.6B	1.92%
21	COWZPACER FDS TR	118,412	$7.3B	1.64%
22	IVWISHARES TR	57,320	$7.2B	1.60%
23	SPYSPDR S&P 500 ETF TR	9,243	$6.4B	1.44%
24	NVDANVIDIA CORPORATION	34,420	$6.4B	1.43%
25	VCSHVANGUARD SCOTTSDALE FDS	76,141	$6.1B	1.36%
26	DGRWWISDOMTREE TR	65,189	$5.9B	1.33%
27	EMXCISHARES INC	77,177	$5.9B	1.32%
28	USIGISHARES TR	99,525	$5.2B	1.16%
29	FVDFIRST TR EXCHANGE-TRADED FD	99,367	$4.7B	1.04%
30	NLRVANECK ETF TRUST	28,060	$4.0B	0.89%
31	TBILRBB FD INC	70,228	$3.5B	0.79%
32	NDQINVESCO QQQ TR	5,266	$3.3B	0.74%
33	GPIQGOLDMAN SACHS ETF TR	60,689	$3.2B	0.73%
34	DFIVDIMENSIONAL ETF TRUST	61,390	$3.1B	0.70%
35	LITGLOBAL X FDS	44,148	$3.1B	0.70%
36	VTVVANGUARD INDEX FDS	14,486	$2.8B	0.64%
37	IQLTISHARES TR	59,174	$2.8B	0.62%
38	FDNFIRST TR EXCHANGE-TRADED FD	9,801	$2.6B	0.59%
39	GOOGLALPHABET INC	7,750	$2.6B	0.58%
40	MSFTMICROSOFT CORP	5,172	$2.4B	0.55%
41	UTWORBB FD INC	47,021	$2.3B	0.51%
42	IGROISHARES TR	25,887	$2.2B	0.49%
43	PSCPRINCIPAL EXCHANGE TRADED FD	36,007	$2.2B	0.49%
44	ITA*ISHARES TR	9,011	$2.1B	0.48%
45	GQ9SPDR GOLD TR	4,955	$2.1B	0.47%
46	ILDRFIRST TR EXCHNG TRADED FD VI	60,709	$2.1B	0.46%
47	AMZNAMAZON COM INC	8,208	$2.0B	0.45%
48	GOOGALPHABET INC	5,845	$2.0B	0.44%
49	FSSLFS SPECIALTY LENDING FD	129,474	$1.8B	0.41%
50	ITBISHARES TR	15,917	$1.7B	0.39%
51	SFLRINNOVATOR ETFS TRUST	43,610	$1.6B	0.36%
52	SPMDSPDR SERIES TRUST	26,153	$1.6B	0.36%
53	XLISELECT SECTOR SPDR TR	8,782	$1.4B	0.32%
54	AAPLAPPLE INC	5,267	$1.4B	0.31%
55	SPDWSPDR INDEX SHS FDS	29,389	$1.3B	0.30%
56	LVLNSPDR SERIES TRUST	19,228	$1.3B	0.29%
57	VONGVANGUARD SCOTTSDALE FDS	9,747	$1.2B	0.27%
58	METAMETA PLATFORMS INC	1,845	$1.2B	0.26%
59	TSLATESLA INC	2,574	$1.1B	0.26%
60	FXIISHARES TR	26,987	$1.1B	0.24%
61	SCHDSCHWAB STRATEGIC TR	31,862	$911.0M	0.20%
62	MAMASTERCARD INCORPORATED	1,590	$868.0M	0.19%
63	FPXFIRST TR EXCHANGE-TRADED FD	4,658	$790.0M	0.18%
64	WMTWALMART INC	6,502	$782.0M	0.18%
65	XNTKSPDR SERIES TRUST	2,714	$780.0M	0.17%
66	VUSBVANGUARD BD INDEX FDS	15,545	$775.0M	0.17%
67	VIGIVANGUARD WHITEHALL FDS	7,964	$741.0M	0.17%
68	XLRESELECT SECTOR SPDR TR	16,921	$692.0M	0.16%
69	XLYSELECT SECTOR SPDR TR	5,482	$680.0M	0.15%
70	CITCINTAS CORP	3,432	$661.0M	0.15%
71	KLACKLA CORP	458	$659.0M	0.15%
72	SUSAISHARES TR	4,591	$651.0M	0.15%
73	USMCPRINCIPAL EXCHANGE TRADED FD	9,241	$633.0M	0.14%
74	MOATVANECK ETF TRUST	5,910	$631.0M	0.14%
75	PANWPALO ALTO NETWORKS INC	3,282	$626.0M	0.14%
76	QQQMINVESCO EXCH TRADED FD TR II	2,406	$620.0M	0.14%
77	IJSISHARES TR	5,035	$603.0M	0.14%
78	AVGOBROADCOM INC	1,686	$597.0M	0.13%
79	XOMEXXON MOBIL CORP	4,700	$594.0M	0.13%
80	DGROISHARES TR	8,337	$591.0M	0.13%
81	FTCSFIRST TR EXCHANGE-TRADED FD	6,160	$586.0M	0.13%
82	SGOLETFS GOLD TR	13,197	$576.0M	0.13%
83	BARGRANITESHARES GOLD TR	12,767	$576.0M	0.13%
84	VOOVANGUARD INDEX FDS	875	$558.0M	0.13%
85	PPAINVESCO EXCHANGE TRADED FD T	3,131	$549.0M	0.12%
86	VFQYVANGUARD WELLINGTON FD	3,434	$542.0M	0.12%
87	BSJSINVESCO EXCH TRD SLF IDX FD	24,024	$530.0M	0.12%
88	XLFSELECT SECTOR SPDR TR	9,780	$530.0M	0.12%
89	FBNDFIDELITY MERRIMACK STR TR	11,330	$523.0M	0.12%
90	AQLTISHARES TR	5,670	$522.0M	0.12%
91	QQEWFIRST TR EXCHANGE-TRADED FD	3,607	$515.0M	0.12%
92	LFEQVANECK ETF TRUST	8,830	$487.0M	0.11%
93	BITWBITWISE 10 CRYPTO INDEX ETF	7,540	$483.0M	0.11%
94	GSLCGOLDMAN SACHS ETF TR	3,531	$474.0M	0.11%
95	FCTRFIRST TR EXCHANGE-TRADED FD	12,172	$459.0M	0.10%
96	FTAFIRST TR EXCHANGE-TRADED ALP	5,131	$453.0M	0.10%
97	GRIDFIRST TR EXCHANGE TRADED FD	2,725	$426.0M	0.10%
98	JHMLJOHN HANCOCK EXCHANGE TRADED	5,200	$425.0M	0.10%
99	TDIVFIRST TR EXCHANGE TRADED FD	4,253	$422.0M	0.09%
100	IWFISHARES TR	865	$411.0M	0.09%

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