LFA - Lugano Financial Advisors SA

CIK: 0001737871SEC EDGAR →

Portfolio Value

$193.7B

Holdings

235

As of

Q4 2025

New Positions

235

Closed Positions

Portfolio Value History

Top 10 Holdings

Rank	Stock	Shares	Value	% of Portfolio
1	SPY SPDR S&P 500 ETF TR	38,944	$26.6B	13.71%
2	ESGD ISHARES TR	229,552	$21.8B	11.27%
3	GQ9 SPDR GOLD TR	31,384	$12.4B	6.42%
4	SUSB ISHARES TR	457,113	$11.5B	5.96%
5	FNDE SCHWAB STRATEGIC TR	213,157	$7.7B	3.97%
6	VWOB VANGUARD WHITEHALL FDS	76,896	$5.2B	2.68%
7	IGIB ISHARES TR	91,298	$4.9B	2.54%
8	FTLS FIRST TR EXCH TRADED FD III	59,301	$4.2B	2.17%
9	SDVY FIRST TR EXCHANGE-TRADED FD	106,958	$4.1B	2.12%
10	IBND SPDR SERIES TRUST	125,422	$4.0B	2.08%

Quarterly Changes

Top Buys

SPYNEW

$26.6B

ESGDNEW

$21.8B

GQ9NEW

$12.4B

SUSBNEW

$11.5B

FNDENEW

$7.7B

Top Sells

No sells this quarter

New Positions (235)

$26.6B · 39K shares

$21.8B · 230K shares

$12.4B · 31K shares

$11.5B · 457K shares

$7.7B · 213K shares

$5.2B · 77K shares

$4.9B · 91K shares

$4.2B · 59K shares

$4.1B · 107K shares

$4.0B · 125K shares

$4.0B · 50K shares

$3.5B · 152K shares

$3.5B · 35K shares

$3.4B · 34K shares

$3.3B · 99K shares

$3.2B · 54K shares

$3.1B · 124K shares

$3.1B · 6K shares

$2.8B · 5K shares

$2.8B · 29K shares

$2.8B · 32K shares

$2.6B · 11K shares

$2.6B · 37K shares

$2.5B · 39K shares

$2.4B · 93K shares

$2.0B · 25K shares

$1.9B · 88K shares

$1.9B · 20K shares

$1.8B · 38K shares

$1.7B · 29K shares

$1.7B · 24K shares

$1.3B · 15K shares

$1.2B · 13K shares

$1.2B · 5K shares

$1.1B · 3K shares

$1.1B · 16K shares

$1.0B · 32K shares

$1.0B · 1K shares

$755.0M · 2K shares

$747.0M · 31K shares

$734.0M · 3K shares

$714.0M · 1K shares

$697.0M · 16K shares

$629.0M · 3K shares

$603.0M · 46K shares

$542.0M · 4K shares

$531.0M · 7K shares

$520.0M · 2K shares

$507.0M · 11K shares

$463.0M · 24K shares

$399.0M · 7K shares

$387.0M · 9K shares

$382.0M · 1K shares

$363.0M · 3K shares

$361.0M · 7K shares

$359.0M · 2K shares

$337.0M · 3K shares

$315.0M · 4K shares

$310.0M · 3K shares

$310.0M · 4K shares

$308.0M · 2K shares

$308.0M · 468 shares

$308.0M · 1K shares

$302.0M · 6K shares

$296.0M · 1K shares

$283.0M · 53 shares

$281.0M · 1K shares

$257.0M · 4K shares

$256.0M · 16K shares

$251.0M · 5K shares

$245.0M · 1K shares

$244.0M · 3K shares

DON

$240.0M · 500 shares

$238.0M · 418 shares

XLK

$234.0M · 2K shares

$232.0M · 800 shares

$227.0M · 506 shares

$223.0M · 2K shares

$212.0M · 3K shares

$202.0M · 1K shares

$197.0M · 3K shares

$195.0M · 795 shares

$190.0M · 3K shares

$187.0M · 1K shares

$185.0M · 536 shares

$176.0M · 6K shares

$176.0M · 257 shares

$174.0M · 2K shares

$169.0M · 4K shares

$163.0M · 1K shares

$162.0M · 1K shares

$162.0M · 2K shares

$155.0M · 3K shares

$153.0M · 7K shares

$152.0M · 500 shares

$149.0M · 3K shares

$147.0M · 2K shares

$146.0M · 970 shares

$145.0M · 2K shares

$142.0M · 5K shares

$139.0M · 716 shares

$138.0M · 810 shares

$135.0M · 126 shares

$132.0M · 594 shares

$129.0M · 2K shares

$127.0M · 2K shares

$126.0M · 5K shares

$126.0M · 1K shares

$125.0M · 2K shares

$125.0M · 1K shares

$123.0M · 2K shares

$122.0M · 5K shares

$122.0M · 4K shares

$121.0M · 2K shares

$120.0M · 1K shares

$113.0M · 383 shares

$111.0M · 599 shares

$109.0M · 2K shares

$107.0M · 2K shares

$106.0M · 10K shares

$100.0M · 697 shares

$99.0M · 1K shares

$99.0M · 835 shares

$94.0M · 801 shares

$94.0M · 2K shares

$86.0M · 326 shares

$86.0M · 2K shares

$85.0M · 1K shares

$85.0M · 3K shares

$84.0M · 530 shares

$82.0M · 788 shares

$75.0M · 291 shares

$74.0M · 4K shares

$73.0M · 460 shares

$73.0M · 497 shares

$70.0M · 636 shares

$69.0M · 308 shares

$63.0M · 72 shares

$62.0M · 110 shares

$61.0M · 1K shares

$59.0M · 635 shares

$59.0M · 1K shares

$58.0M · 310 shares

$57.0M · 735 shares

$56.0M · 182 shares

$56.0M · 696 shares

$54.0M · 109 shares

$54.0M · 1K shares

$53.0M · 378 shares

$53.0M · 156 shares

$51.0M · 348 shares

$50.0M · 235 shares

$50.0M · 75 shares

$48.0M · 1K shares

$47.0M · 155 shares

$46.0M · 890 shares

$46.0M · 320 shares

$44.0M · 1K shares

$44.0M · 660 shares

$44.0M · 295 shares

$43.0M · 953 shares

$42.0M · 2K shares

$41.0M · 90 shares

$39.0M · 1K shares

$39.0M · 420 shares

$39.0M · 356 shares

$38.0M · 500 shares

$37.0M · 576 shares

$37.0M · 31 shares

$36.0M · 201 shares

$36.0M · 135 shares

$36.0M · 330 shares

$35.0M · 200 shares

$35.0M · 270 shares

$35.0M · 2K shares

$35.0M · 260 shares

$34.0M · 3K shares

$33.0M · 426 shares

$33.0M · 499 shares

$32.0M · 30 shares

$31.0M · 309 shares

$31.0M · 105 shares

$31.0M · 369 shares

$30.0M · 715 shares

$30.0M · 345 shares

$29.0M · 85 shares

$27.0M · 180 shares

$26.0M · 31 shares

$25.0M · 110 shares

$24.0M · 895 shares

$23.0M · 235 shares

$21.0M · 246 shares

$21.0M · 109 shares

$20.0M · 32 shares

$20.0M · 453 shares

$20.0M · 97 shares

$19.0M · 239 shares

$18.0M · 550 shares

$17.0M · 450 shares

$17.0M · 157 shares

$16.0M · 313 shares

$15.0M · 72 shares

$14.0M · 365 shares

$14.0M · 170 shares

$14.0M · 165 shares

$13.0M · 100 shares

$12.0M · 197 shares

$12.0M · 15 shares

$12.0M · 550 shares

$12.0M · 333 shares

$11.0M · 120 shares

$11.0M · 140 shares

$11.0M · 146 shares

$11.0M · 54 shares

$11.0M · 106 shares

$11.0M · 300 shares

$11.0M · 59 shares

$11.0M · 45 shares

$10.0M · 23 shares

$10.0M · 33 shares

$9.0M · 74 shares

$8.0M · 17 shares

$8.0M · 85 shares

$7.0M · 117 shares

$7.0M · 9 shares

$7.0M · 150 shares

$7.0M · 28 shares

$6.0M · 64 shares

$6.0M · 75 shares

$6.0M · 2 shares

$6.0M · 27 shares

$6.0M · 42 shares

$4.0M · 48 shares

$3.0M · 80 shares

$1.0M · 15 shares

Sector Breakdown

Sector	# Holdings	Value	%
Financial Services	125	$160.6B	83.0%
Unknown	13	$16.9B	8.7%
Technology	29	$6.4B	3.3%
Consumer Cyclical	14	$3.7B	1.9%
Communication Services	7	$2.3B	1.2%
Healthcare	14	$1.3B	0.7%
Industrials	12	$1.1B	0.6%
Consumer Defensive	8	$746.0M	0.4%
Energy	6	$251.0M	0.1%
Utilities	5	$217.0M	0.1%
Basic Materials	2	$14.0M	0.0%