CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC Q4 2025 Filing

Filed January 21, 2026

Portfolio Value

$340.0M

Holdings

171

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (171 positions)

#	Stock	Shares	Value	% Portfolio
1	SPYSPDR S&P 500 ETF TR	43,105	$29.4M	8.65%
2	NDQINVESCO QQQ TR	32,327	$19.9M	5.84%
3	SPTMSPDR SERIES TRUST	196,706	$16.2M	4.77%
4	DONSPDR DOW JONES INDL AVERAGE	32,147	$15.4M	4.54%
5	FLOTISHARES TR	177,457	$9.0M	2.65%
6	SPYVSPDR SERIES TRUST	147,719	$8.4M	2.47%
7	SPYGSPDR SERIES TRUST	70,813	$7.6M	2.22%
8	FLRNSPDR SERIES TRUST	228,297	$7.0M	2.06%
9	TMFCRBB FD INC	92,150	$6.6M	1.95%
10	BARGRANITESHARES GOLD TR	153,843	$6.5M	1.92%
11	DIVOAMPLIFY ETF TR	142,113	$6.3M	1.86%
12	SGOLETFS GOLD TR	142,555	$5.9M	1.72%
13	NVDANVIDIA CORPORATION	29,113	$5.4M	1.60%
14	RTXRTX CORPORATION	29,284	$5.4M	1.58%
15	GQ9SPDR GOLD TR	13,299	$5.3M	1.55%
16	IJHISHARES TR	71,455	$4.7M	1.39%
17	IWMISHARES TR	18,116	$4.5M	1.31%
18	IAU*ISHARES GOLD TR	54,824	$4.5M	1.31%
19	BIVVANGUARD BD INDEX FDS	56,517	$4.4M	1.29%
20	BRK/BBERKSHIRE HATHAWAY INC DEL	8,474	$4.3M	1.25%
21	SPYINEOS ETF TRUST	74,828	$3.9M	1.16%
22	IYWISHARES TR	17,990	$3.6M	1.06%
23	IAKISHARES TR	26,370	$3.6M	1.06%
24	LLYELI LILLY & CO	3,250	$3.5M	1.03%
25	SPHQINVESCO EXCHANGE TRADED FD T	45,480	$3.4M	1.00%
26	PEYINVESCO EXCHANGE TRADED FD T	166,745	$3.4M	1.00%
27	VCITVANGUARD SCOTTSDALE FDS	40,360	$3.4M	0.99%
28	METAMETA PLATFORMS INC	4,972	$3.3M	0.97%
29	AQLTISHARES TR	21,837	$3.1M	0.91%
30	AGGISHARES TR	30,071	$3.0M	0.88%
31	VCSHVANGUARD SCOTTSDALE FDS	36,938	$2.9M	0.87%
32	IBMINTERNATIONAL BUSINESS MACHS	9,916	$2.9M	0.86%
33	MDYSPDR S&P MIDCAP 400 ETF TR	4,803	$2.9M	0.85%
34	NVONOVO-NORDISK A S	56,916	$2.9M	0.85%
35	MSFTMICROSOFT CORP	5,956	$2.9M	0.85%
36	DTDWISDOMTREE TR	32,971	$2.8M	0.82%
37	CVXCHEVRON CORP NEW	18,016	$2.7M	0.81%
38	PFMINVESCO EXCHANGE TRADED FD T	53,169	$2.7M	0.81%
39	WMTWALMART INC	23,605	$2.6M	0.77%
40	AMZNAMAZON COM INC	11,036	$2.5M	0.75%
41	GSGOLDMAN SACHS GROUP INC	2,793	$2.5M	0.72%
42	SHYISHARES TR	28,838	$2.4M	0.70%
43	MOALTRIA GROUP INC	41,275	$2.4M	0.70%
44	SPIBSPDR SERIES TRUST	66,475	$2.2M	0.66%
45	SBLKSTAR BULK CARRIERS CORP.	116,870	$2.2M	0.66%
46	AAPLAPPLE INC	8,034	$2.2M	0.64%
47	RDVYFIRST TR EXCHANGE TRADED FD	30,198	$2.1M	0.62%
48	SDYSPDR SERIES TRUST	14,250	$2.0M	0.58%
49	VOVANGUARD INDEX FDS	6,674	$1.9M	0.57%
50	GSLGLOBAL SHIP LEASE INC NEW	51,902	$1.8M	0.53%
51	FDVVFIDELITY COVINGTON TRUST	31,955	$1.8M	0.53%
52	JQUAJ P MORGAN EXCHANGE TRADED F	28,653	$1.8M	0.53%
53	JEPIJ P MORGAN EXCHANGE TRADED F	30,960	$1.8M	0.52%
54	HTGCHERCULES CAPITAL INC	91,125	$1.7M	0.50%
55	XLESELECT SECTOR SPDR TR	37,072	$1.7M	0.49%
56	GOOGALPHABET INC	5,167	$1.6M	0.48%
57	FHLCFIDELITY COVINGTON TRUST	21,690	$1.6M	0.47%
58	EMLPFIRST TR EXCHANGE-TRADED FD	41,590	$1.6M	0.46%
59	BUFRFIRST TR EXCHNG TRADED FD VI	43,643	$1.5M	0.44%
60	ASMLASML HOLDING N V	1,366	$1.5M	0.43%
61	SCHDSCHWAB STRATEGIC TR	50,840	$1.4M	0.41%
62	KOCOCA COLA CO	19,839	$1.4M	0.41%
63	ENFRALPS ETF TR	43,788	$1.4M	0.41%
64	FDUSFIDUS INVT CORP	70,546	$1.4M	0.40%
65	KRKROGER CO	21,754	$1.4M	0.40%
66	TSLATESLA INC	2,819	$1.3M	0.37%
67	SPSMSPDR SERIES TRUST	26,864	$1.3M	0.37%
68	NFLXNETFLIX INC	13,170	$1.2M	0.36%
69	ALSALLSTATE CORP	5,786	$1.2M	0.35%
70	ABBVABBVIE INC	5,056	$1.2M	0.34%
71	IYEISHARES TR	23,950	$1.1M	0.33%
72	CSCOCISCO SYS INC	14,632	$1.1M	0.33%
73	BACVERIZON COMMUNICATIONS INC	27,404	$1.1M	0.33%
74	JPMJPMORGAN CHASE & CO.	3,379	$1.1M	0.32%
75	MUMICRON TECHNOLOGY INC	3,747	$1.1M	0.31%
76	QLDPROSHARES TR	14,570	$1.0M	0.30%
77	AXPAMERICAN EXPRESS CO	2,655	$982K	0.29%
78	AGMFEDERAL AGRIC MTG CORP	5,589	$981K	0.29%
79	SPSBSPDR SERIES TRUST	32,273	$974K	0.29%
80	MAGSLISTED FDS TR	14,237	$939K	0.28%
81	XOMEXXON MOBIL CORP	7,646	$920K	0.27%
82	COMDIREXION SHS ETF TR	29,431	$870K	0.26%
83	AMGNAMGEN INC	2,577	$843K	0.25%
84	AVGOBROADCOM INC	2,419	$837K	0.25%
85	FICOFAIR ISAAC CORP	481	$813K	0.24%
86	XELXCEL ENERGY INC	10,919	$806K	0.24%
87	ORCLORACLE CORP	4,043	$788K	0.23%
88	METMETLIFE INC	9,373	$739K	0.22%
89	TSMTAIWAN SEMICONDUCTOR MFG LTD	2,427	$737K	0.22%
90	ETENERGY TRANSFER L P	43,886	$723K	0.21%
91	AZOAUTOZONE INC	210	$712K	0.21%
92	CSBVICTORY PORTFOLIOS II	12,004	$703K	0.21%
93	AMDADVANCED MICRO DEVICES INC	3,028	$648K	0.19%
94	APPAPPLOVIN CORP	956	$644K	0.19%
95	NEARISHARES U S ETF TR	12,475	$637K	0.19%
96	VTVANGUARD INTL EQUITY INDEX F	4,515	$636K	0.19%
97	QBTSD-WAVE QUANTUM INC	24,314	$635K	0.19%
98	ESGFLEXSHARES TR	4,000	$632K	0.19%
99	PLTRPALANTIR TECHNOLOGIES INC	3,537	$628K	0.18%
100	AQLTISHARES TR	3,575	$610K	0.18%

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