LFA - Lugano Financial Advisors SA Q1 2025 Filing

Filed April 28, 2025

Portfolio Value

$147.1M

Holdings

191

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (191 positions)

#	Stock	Shares	Value	% Portfolio
1	SPYSPDR S&P 500 ETF TR	42,509	$23.8M	16.17%
2	GQ9SPDR GOLD TR	27,265	$7.9M	5.34%
3	SDVYFIRST TR EXCHANGE-TRADED FD	191,256	$6.4M	4.36%
4	SUSBISHARES TR	238,952	$6.0M	4.06%
5	SUSAISHARES TR	47,846	$5.5M	3.74%
6	IGIBISHARES TR	88,818	$4.7M	3.17%
7	CIBRFIRST TR EXCHANGE TRADED FD	72,413	$4.6M	3.10%
8	VWOBVANGUARD WHITEHALL FDS	70,955	$4.6M	3.10%
9	TLHISHARES TR	41,667	$4.3M	2.94%
10	VGITVANGUARD SCOTTSDALE FDS	67,219	$4.0M	2.71%
11	VCSHVANGUARD SCOTTSDALE FDS	49,563	$3.9M	2.66%
12	QLTAISHARES TR	81,746	$3.9M	2.64%
13	FTLSFIRST TR EXCH TRADED FD III	57,787	$3.7M	2.52%
14	IBDUISHARES TR	143,973	$3.3M	2.26%
15	SJNKSPDR SER TR	114,910	$2.9M	1.97%
16	FEZSPDR INDEX SHS FDS	51,809	$2.8M	1.92%
17	QAINEW YORK LIFE INVESTMENTS ET	89,744	$2.8M	1.91%
18	IEFISHARES TR	28,863	$2.8M	1.87%
19	SHVISHARES TR	22,442	$2.5M	1.69%
20	MSFTMICROSOFT CORP	6,161	$2.3M	1.57%
21	AMZNAMAZON COM INC	12,038	$2.3M	1.56%
22	IBDTISHARES TR	88,071	$2.2M	1.51%
23	NDQINVESCO QQQ TR	4,599	$2.2M	1.47%
24	SHYISHARES TR	24,771	$2.0M	1.39%
25	NUMGNUSHARES ETF TR	46,520	$2.0M	1.36%
26	VCITVANGUARD SCOTTSDALE FDS	21,809	$1.8M	1.21%
27	SUSCISHARES TR	74,278	$1.7M	1.16%
28	EFAISHARES TR	19,578	$1.6M	1.09%
29	PDBCINVESCO ACTVELY MNGD ETC FD	109,285	$1.5M	1.01%
30	IBDVISHARES TR	56,773	$1.2M	0.84%
31	CWBSPDR SER TR	13,981	$1.1M	0.73%
32	EMBISHARES TR	11,768	$1.1M	0.72%
33	EWLISHARES INC	19,246	$997K	0.68%
34	YLCOUSDGLOBAL X FDS	119,626	$982K	0.67%
35	AAPLAPPLE INC	4,215	$936K	0.64%
36	PSPINVESCO EXCHANGE TRADED FD T	13,752	$881K	0.60%
37	VGTVANGUARD WORLD FD	1,350	$732K	0.50%
38	VHTVANGUARD WORLD FD	2,550	$675K	0.46%
39	VCLTVANGUARD SCOTTSDALE FDS	7,574	$575K	0.39%
40	EWUISHARES TR	13,769	$516K	0.35%
41	GOOGALPHABET INC	2,980	$466K	0.32%
42	PIOINVESCO EXCH TRADED FD TR II	11,497	$461K	0.31%
43	XLISELECT SECTOR SPDR TR	3,500	$459K	0.31%
44	FPEIFIRST TR EXCH TRADED FD III	24,000	$449K	0.31%
45	BIVVANGUARD BD INDEX FDS	5,406	$414K	0.28%
46	CATCATERPILLAR INC	1,250	$412K	0.28%
47	XLESELECT SECTOR SPDR TR	4,018	$375K	0.26%
48	XLFSELECT SECTOR SPDR TR	7,300	$364K	0.25%
49	VVISA INC	990	$347K	0.24%
50	ABTABBOTT LABS	2,525	$335K	0.23%
51	KKRKKR & CO INC	2,850	$329K	0.22%
52	XLFISELECT SECTOR SPDR TR	4,000	$327K	0.22%
53	RSPINVESCO EXCHANGE TRADED FD T	1,878	$325K	0.22%
54	JPMJPMORGAN CHASE & CO.	1,300	$319K	0.22%
55	HEWJISHARES TR	7,352	$308K	0.21%
56	DBMFLITMAN GREGORY FDS TR	11,620	$294K	0.20%
57	BGRNISHARES TR	5,959	$282K	0.19%
58	BXBLACKSTONE INC	2,000	$280K	0.19%
59	IVEISHARES TR	1,400	$267K	0.18%
60	ABBVABBVIE INC	1,240	$260K	0.18%
61	GOOGLALPHABET INC	1,669	$258K	0.18%
62	XLYSELECT SECTOR SPDR TR	1,300	$257K	0.17%
63	KOCOCA COLA CO	3,480	$249K	0.17%
64	GDXVANECK ETF TRUST	5,332	$245K	0.17%
65	ITA*ISHARES TR	1,437	$220K	0.15%
66	DONSPDR DOW JONES INDL AVERAGE	500	$210K	0.14%
67	BWZSPDR SER TR	7,987	$210K	0.14%
68	VOVANGUARD INDEX FDS	800	$207K	0.14%
69	VYMVANGUARD WHITEHALL FDS	1,555	$201K	0.14%
70	EMXCISHARES INC	3,547	$195K	0.13%
71	BNDVANGUARD BD INDEX FDS	2,622	$193K	0.13%
72	BKNGBOOKING HOLDINGS INC	40	$184K	0.13%
73	HONHONEYWELL INTL INC	832	$176K	0.12%
74	EDCONSOLIDATED EDISON INC	1,580	$175K	0.12%
75	GHYGISHARES INC	3,847	$171K	0.12%
76	XLKSELECT SECTOR SPDR TR	813	$168K	0.11%
77	ZTSZOETIS INC	1,000	$165K	0.11%
78	MAMASTERCARD INCORPORATED	297	$163K	0.11%
79	EAELECTRONIC ARTS INC	1,125	$163K	0.11%
80	RMERESMED INC	717	$161K	0.11%
81	MCDMCDONALDS CORP	500	$156K	0.11%
82	MDLZMONDELEZ INTL INC	2,300	$156K	0.11%
83	IBBISHARES TR	1,200	$153K	0.10%
84	YUMYUM BRANDS INC	970	$153K	0.10%
85	IXJISHARES TR	1,660	$151K	0.10%
86	FTSLFIRST TR EXCHANGE-TRADED FD	3,270	$149K	0.10%
87	BNDXVANGUARD CHARLOTTE FDS	3,053	$149K	0.10%
88	IVVISHARES TR	257	$144K	0.10%
89	EBNDSPDR SER TR	7,185	$144K	0.10%
90	METAMETA PLATFORMS INC	245	$141K	0.10%
91	AZNASTRAZENECA PLC	1,900	$140K	0.09%
92	BACBANK AMERICA CORP	3,212	$134K	0.09%
93	SDGISHARES TR	1,810	$131K	0.09%
94	IAGGISHARES TR	2,550	$127K	0.09%
95	LLYELI LILLY & CO	154	$127K	0.09%
96	MOALTRIA GROUP INC	2,100	$126K	0.09%
97	QCOMQUALCOMM INC	810	$124K	0.08%
98	AQLTISHARES TR	1,628	$123K	0.08%
99	GBTCGRAYSCALE BITCOIN TRUST ETF	1,835	$120K	0.08%
100	MMM3M CO	800	$117K	0.08%

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