# Friedenthal Financial

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1598611. Source: https://holderbook.com/funds/1598611-friedenthal-financial/

- Reported value: $216.6M
- Positions: 253
- Weight of the ten largest: 36.7%
- Filed: 2026-07-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $25.7M | 156,657 | 11.9% | 25 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $8.9M | 247,084 | 4.1% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $7.6M | 98,239 | 3.5% | 10 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $6.2M | 60,547 | 2.9% | 19 |
| ISHARES INC | [HEEM](https://holderbook.com/stocks/HEEM/) | $6.0M | 133,965 | 2.8% | 7 |
| ISHARES TR | [HEFA](https://holderbook.com/stocks/HEFA/) | $5.6M | 120,140 | 2.6% | 7 |
| INVESCO EXCHANGE TRADED FD T | [RSPM](https://holderbook.com/stocks/RSPM/) | $5.1M | 130,830 | 2.3% | 27 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $5.0M | 116,854 | 2.3% | 17 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $4.7M | 46,836 | 2.2% | 14 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $4.6M | 95,678 | 2.1% | 31 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $4.5M | 41,638 | 2.1% | 19 |
| FIRST TR EXCHANGE-TRADED FD | [LMBS](https://holderbook.com/stocks/LMBS/) | $4.4M | 89,209 | 2.1% | 18 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $4.4M | 35,970 | 2.0% | 1 |
| INVESCO EXCHANGE TRADED FD T | [RSPH](https://holderbook.com/stocks/RSPH/) | $4.4M | 131,197 | 2.0% | 19 |
| ISHARES TR | [FLOT](https://holderbook.com/stocks/FLOT/) | $4.3M | 85,075 | 2.0% | 1 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $4.3M | 45,013 | 2.0% | 11 |
| EA SERIES TRUST | [BOXX](https://holderbook.com/stocks/BOXX/) | $3.4M | 29,155 | 1.6% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPU](https://holderbook.com/stocks/RSPU/) | $3.4M | 41,873 | 1.6% | 27 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $3.2M | 139,626 | 1.5% | 28 |
| PIMCO ETF TR | [HYS](https://holderbook.com/stocks/HYS/) | $3.0M | 31,728 | 1.4% | 17 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $2.9M | 35,669 | 1.4% | 17 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $2.4M | 58,748 | 1.1% | 17 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $2.2M | 28,629 | 1.0% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.1M | 7,371 | 1.0% | 11 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $2.1M | 21,703 | 1.0% | 31 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $2.1M | 20,609 | 1.0% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $2.0M | 31,446 | 0.9% | 27 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $1.9M | 21,968 | 0.9% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSPS](https://holderbook.com/stocks/RSPS/) | $1.8M | 60,761 | 0.8% | 27 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $1.8M | 22,374 | 0.8% | 17 |
| INVESCO EXCHANGE TRADED FD T | [RSPN](https://holderbook.com/stocks/RSPN/) | $1.8M | 27,621 | 0.8% | 27 |
| INVESCO EXCH TRADED FD TR II | [EQAL](https://holderbook.com/stocks/EQAL/) | $1.7M | 29,344 | 0.8% | 7 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $1.6M | 31,674 | 0.7% | 29 |
| INVESCO EXCHANGE TRADED FD T | [RSPD](https://holderbook.com/stocks/RSPD/) | $1.6M | 28,111 | 0.7% | 27 |
| ACADIA HEALTHCARE COMPANY IN | [ACHC](https://holderbook.com/stocks/ACHC/) | $1.2M | 41,836 | 0.6% | 1 |
| PEOPLE INC | [PPLI](https://holderbook.com/stocks/PPLI/) | $1.2M | 26,622 | 0.6% | 1 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $1.2M | 23,482 | 0.5% | 11 |
| DARLING INGREDIENTS INC | [DAR](https://holderbook.com/stocks/DAR/) | $1.2M | 21,564 | 0.5% | 1 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $1.2M | 74,212 | 0.5% | 1 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $1.2M | 2,376 | 0.5% | 1 |
| LINEAGE INC | [LINE](https://holderbook.com/stocks/LINE/) | $1.2M | 26,917 | 0.5% | 1 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $1.2M | 1,598 | 0.5% | 1 |
| ORGANON & CO | [OGN](https://holderbook.com/stocks/OGN/) | $1.1M | 84,676 | 0.5% | 1 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $1.1M | 14,950 | 0.5% | 1 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $1.1M | 1,327 | 0.5% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.1M | 3,180 | 0.5% | 5 |
| INVESCO LTD | [IVZ](https://holderbook.com/stocks/IVZ/) | $1.1M | 43,011 | 0.5% | 2 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $1.1M | 7,723 | 0.5% | 2 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $1.1M | 2,916 | 0.5% | 1 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $1.1M | 22,881 | 0.5% | 1 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $1.1M | 23,427 | 0.5% | 1 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $1.1M | 4,610 | 0.5% | 1 |
| BUNGE GLOBAL SA | [BG](https://holderbook.com/stocks/BG/) | $1.1M | 10,374 | 0.5% | 1 |
| CHEMOURS CO | [CC](https://holderbook.com/stocks/CC/) | $1.1M | 53,616 | 0.5% | 1 |
| FLOWSERVE CORP | [FLS](https://holderbook.com/stocks/FLS/) | $1.1M | 14,806 | 0.5% | 2 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $1.1M | 8,153 | 0.5% | 1 |
| MDU RES GROUP INC | [MDU](https://holderbook.com/stocks/MDU/) | $1.1M | 51,385 | 0.5% | 1 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.1M | 8,040 | 0.5% | 2 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $1.1M | 16,295 | 0.5% | 1 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $1.1M | 1,036 | 0.5% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $1.1M | 23,069 | 0.5% | 1 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $1.1M | 9,047 | 0.5% | 1 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $1.1M | 9,447 | 0.5% | 1 |
| CLEVELAND-CLIFFS INC NEW | [CLF](https://holderbook.com/stocks/CLF/) | $1.1M | 113,104 | 0.5% | 1 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $1.1M | 5,169 | 0.5% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $1.1M | 16,863 | 0.5% | 2 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $1.1M | 14,227 | 0.5% | 1 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $1.1M | 15,947 | 0.5% | 3 |
| NOV INC | [NOV](https://holderbook.com/stocks/NOV/) | $1.1M | 56,714 | 0.5% | 1 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $1.1M | 4,942 | 0.5% | 1 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $1.1M | 6,030 | 0.5% | 1 |
| JEFFERIES FINANCIAL GROUP IN | [JEF](https://holderbook.com/stocks/JEF/) | $1.0M | 20,859 | 0.5% | 1 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $1.0M | 31,844 | 0.5% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.0M | 24,285 | 0.5% | 1 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $1.0M | 3,084 | 0.5% | 1 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $1.0M | 3,255 | 0.5% | 5 |
| LIBERTY GLOBAL LTD | [LBTYA](https://holderbook.com/stocks/LBTYA/) | $1.0M | 89,142 | 0.5% | 4 |
| CLEARWAY ENERGY INC | [CWEN](https://holderbook.com/stocks/CWEN/) | $984.8K | 28,812 | 0.5% | 1 |
| ISHARES TR | [SUSL](https://holderbook.com/stocks/SUSL/) | $966.6K | 7,281 | 0.4% | 21 |
| PGIM ETF TR | [PULS](https://holderbook.com/stocks/PULS/) | $945.1K | 19,074 | 0.4% | 5 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $906.8K | 12,353 | 0.4% | 11 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $905.8K | 4,257 | 0.4% | 2 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $901.9K | 12,658 | 0.4% | 11 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $835.5K | 31,527 | 0.4% | 31 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $801.3K | 16,705 | 0.4% | 19 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $787.1K | 454 | 0.4% | 15 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $783.4K | 16,523 | 0.4% | 12 |
| INVESCO EXCHANGE TRADED FD T | [RSPG](https://holderbook.com/stocks/RSPG/) | $628.5K | 6,416 | 0.3% | 27 |
| INVESCO EXCHANGE TRADED FD T | [RSPF](https://holderbook.com/stocks/RSPF/) | $594.3K | 7,663 | 0.3% | 27 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $574.4K | 24,257 | 0.3% | 31 |
| GLOBAL X FDS | [MLPA](https://holderbook.com/stocks/MLPA/) | $556.8K | 10,490 | 0.3% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $513.9K | 2,569 | 0.2% | 15 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $390.2K | 609 | 0.2% | 2 |
| SPDR SERIES TRUST | [TFI](https://holderbook.com/stocks/TFI/) | $376.2K | 8,215 | 0.2% | 19 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $371.4K | 3,929 | 0.2% | 25 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $371.4K | 1,236 | 0.2% | 11 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $352.5K | 300 | 0.2% | 9 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $351.1K | 6,277 | 0.2% | 12 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $317.3K | 1,261 | 0.1% | 11 |
| INVESCO EXCH TRADED FD TR II | [PGX](https://holderbook.com/stocks/PGX/) | $315.7K | 29,121 | 0.1% | 19 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.9% | +14.8% | -4.9% | 100% |
| Q1 2026 | +0.4% | -4.6% | +5.0% | 99% |
| Q4 2025 | +0.6% | +2.4% | -1.7% | 100% |
| Q3 2025 | +4.7% | +7.8% | -3.1% | 100% |
| Q2 2025 | +6.1% | +10.5% | -4.3% | 100% |
| Q1 2025 | -4.1% | -4.6% | +0.4% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.1% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $216.6M | 253 |
| Q1 2026 | $199.5M | 243 |
| Q4 2025 | $194.4M | 250 |
| Q3 2025 | $193.7M | 266 |
| Q2 2025 | $182.4M | 260 |
| Q1 2025 | $167.4M | 212 |
| Q4 2024 | $171.1M | 257 |
| Q3 2024 | $170.8M | 228 |
| Q2 2024 | $160.4M | 223 |
| Q1 2024 | $162.5M | 221 |
| Q4 2023 | $153.3M | 228 |
| Q3 2023 | $147.4M | 103 |