LFA - Lugano Financial Advisors SA Q2 2025 Filing

Filed August 7, 2025

Portfolio Value

$168.8M

Holdings

245

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (245 positions)

#	Stock	Shares	Value	% Portfolio
1	SPYSPDR S&P 500 ETF TR	39,806	$24.6M	14.57%
2	ESGDISHARES TR	229,552	$20.5M	12.14%
3	SUSBISHARES TR	457,113	$11.4M	6.77%
4	GQ9SPDR GOLD TR	28,797	$8.8M	5.20%
5	IGIBISHARES TR	88,195	$4.7M	2.76%
6	SDVYFIRST TR EXCHANGE-TRADED FD	126,939	$4.5M	2.65%
7	VWOBVANGUARD WHITEHALL FDS	68,057	$4.4M	2.61%
8	FTLSFIRST TR EXCH TRADED FD III	64,285	$4.3M	2.52%
9	TLHISHARES TR	40,677	$4.1M	2.43%
10	IBNDSPDR SERIES TRUST	124,430	$4.0M	2.39%
11	VCSHVANGUARD SCOTTSDALE FDS	48,006	$3.8M	2.24%
12	IBDUISHARES TR	156,301	$3.6M	2.14%
13	QAINEW YORK LIFE INVESTMENTS ET	103,139	$3.3M	1.98%
14	MSFTMICROSOFT CORP	6,471	$3.2M	1.91%
15	VGITVANGUARD SCOTTSDALE FDS	54,004	$3.2M	1.90%
16	FEZSPDR INDEX SHS FDS	53,598	$3.2M	1.90%
17	SJNKSPDR SERIES TRUST	113,950	$2.9M	1.70%
18	IEFISHARES TR	28,863	$2.7M	1.63%
19	CIBRFIRST TR EXCHANGE TRADED FD	36,186	$2.7M	1.62%
20	SHVISHARES TR	24,893	$2.7M	1.62%
21	AMZNAMAZON COM INC	12,028	$2.6M	1.56%
22	IBDTISHARES TR	91,368	$2.3M	1.37%
23	SHYISHARES TR	23,366	$1.9M	1.14%
24	QLTAISHARES TR	39,595	$1.9M	1.11%
25	EFAISHARES TR	19,219	$1.7M	1.02%
26	EWLISHARES INC	26,962	$1.5M	0.88%
27	PDBCINVESCO ACTVELY MNGD ETC FD	107,096	$1.4M	0.83%
28	GDXVANECK ETF TRUST	26,352	$1.4M	0.81%
29	IBDVISHARES TR	61,573	$1.3M	0.80%
30	PSPINVESCO EXCHANGE TRADED FD T	17,575	$1.2M	0.72%
31	CWBSPDR SERIES TRUST	13,981	$1.2M	0.68%
32	EMBISHARES TR	11,734	$1.1M	0.64%
33	AAPLAPPLE INC	4,762	$977K	0.58%
34	YLCOUSDGLOBAL X FDS	94,512	$925K	0.55%
35	VGTVANGUARD WORLD FD	1,350	$895K	0.53%
36	SCHFSCHWAB STRATEGIC TR	31,104	$687K	0.41%
37	VHTVANGUARD WORLD FD	2,550	$633K	0.38%
38	GOOGALPHABET INC	3,447	$611K	0.36%
39	EWUISHARES TR	13,769	$547K	0.32%
40	VCLTVANGUARD SCOTTSDALE FDS	7,266	$546K	0.32%
41	NVDANVIDIA CORPORATION	3,346	$529K	0.31%
42	XLISELECT SECTOR SPDR TR	3,500	$516K	0.31%
43	PIOINVESCO EXCH TRADED FD TR II	11,497	$514K	0.30%
44	CATCATERPILLAR INC	1,250	$483K	0.29%
45	JPMJPMORGAN CHASE & CO.	1,584	$457K	0.27%
46	FPEIFIRST TR EXCH TRADED FD III	24,000	$454K	0.27%
47	BIVVANGUARD BD INDEX FDS	5,406	$415K	0.25%
48	GOOGLALPHABET INC	2,332	$411K	0.24%
49	VVISA INC	1,091	$387K	0.23%
50	XLFSELECT SECTOR SPDR TR	7,300	$382K	0.23%
51	KKRKKR & CO INC	2,850	$379K	0.22%
52	ABTABBOTT LABS	2,707	$367K	0.22%
53	METAMETA PLATFORMS INC	473	$349K	0.21%
54	RSPINVESCO EXCHANGE TRADED FD T	1,878	$341K	0.20%
55	XLESELECT SECTOR SPDR TR	4,018	$341K	0.20%
56	XLFISELECT SECTOR SPDR TR	4,000	$324K	0.19%
57	HEWJISHARES TR	6,868	$305K	0.18%
58	DBMFLITMAN GREGORY FDS TR	11,620	$299K	0.18%
59	BXBLACKSTONE INC	2,000	$297K	0.18%
60	XLYSELECT SECTOR SPDR TR	1,300	$283K	0.17%
61	VWOVANGUARD INTL EQUITY INDEX F	5,621	$278K	0.16%
62	IVEISHARES TR	1,400	$274K	0.16%
63	BKNGBOOKING HOLDINGS INC	47	$272K	0.16%
64	ITA*ISHARES TR	1,437	$271K	0.16%
65	KOCOCA COLA CO	3,622	$256K	0.15%
66	EAELECTRONIC ARTS INC	1,542	$246K	0.15%
67	ABBVABBVIE INC	1,240	$228K	0.14%
68	EMXCISHARES INC	3,547	$224K	0.13%
69	VOVANGUARD INDEX FDS	800	$224K	0.13%
70	BWZSPDR SERIES TRUST	7,987	$223K	0.13%
71	RMERESMED INC	854	$220K	0.13%
72	DONSPDR DOW JONES INDL AVERAGE	500	$220K	0.13%
73	HONHONEYWELL INTL INC	932	$217K	0.13%
74	BACBANK AMERICA CORP	4,426	$209K	0.12%
75	VYMVANGUARD WHITEHALL FDS	1,555	$207K	0.12%
76	XLKSELECT SECTOR SPDR TR	813	$206K	0.12%
77	MAMASTERCARD INCORPORATED	364	$204K	0.12%
78	IWMISHARES TR	918	$198K	0.12%
79	BNDVANGUARD BD INDEX FDS	2,622	$192K	0.11%
80	GHYGISHARES TR	3,847	$176K	0.10%
81	BSVVANGUARD BD INDEX FDS	2,246	$176K	0.10%
82	SUSAISHARES TR	1,343	$170K	0.10%
83	ZTSZOETIS INC	1,027	$160K	0.09%
84	IVVISHARES TR	257	$160K	0.09%
85	GBTCGRAYSCALE BITCOIN TRUST ETF	1,835	$156K	0.09%
86	MDLZMONDELEZ INTL INC	2,300	$155K	0.09%
87	AVGOBROADCOM INC	556	$153K	0.09%
88	EBNDSPDR SERIES TRUST	7,185	$152K	0.09%
89	IBBISHARES TR	1,200	$152K	0.09%
90	TSLATESLA INC	476	$151K	0.09%
91	BNDXVANGUARD CHARLOTTE FDS	3,053	$151K	0.09%
92	FTSLFIRST TR EXCHANGE-TRADED FD	3,270	$149K	0.09%
93	VNQVANGUARD INDEX FDS	1,669	$149K	0.09%
94	MCDMCDONALDS CORP	500	$146K	0.09%
95	YUMYUM BRANDS INC	970	$144K	0.09%
96	SCHPSCHWAB STRATEGIC TR	5,398	$143K	0.08%
97	SDGISHARES TR	1,810	$137K	0.08%
98	AEPAMERICAN ELEC PWR CO INC	1,322	$137K	0.08%
99	AQLTISHARES TR	1,628	$136K	0.08%
100	AZNASTRAZENECA PLC	1,900	$133K	0.08%

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