# Paulson Wealth Management Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1731878. Source: https://holderbook.com/funds/1731878-paulson-wealth-management-inc/

- Reported value: $471.4M
- Positions: 146
- Weight of the ten largest: 65.9%
- Filed: 2026-08-04

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 | [IWF](https://holderbook.com/stocks/IWF/) | $69.5M | 559,400 | 14.7% | 31 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $61.5M | 253,476 | 13.0% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $41.3M | 137,497 | 8.8% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $36.6M | 352,626 | 7.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $27.6M | 95,476 | 5.9% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $19.4M | 244,887 | 4.1% | 15 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $14.5M | 123,856 | 3.1% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $13.6M | 18,155 | 2.9% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $13.5M | 189,259 | 2.9% | 31 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $13.2M | 252,024 | 2.8% | 1 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $10.7M | 99,629 | 2.3% | 29 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $9.8M | 13,887 | 2.1% | 31 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $9.0M | 156,527 | 1.9% | 13 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $8.7M | 40,960 | 1.8% | 31 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $6.0M | 196,400 | 1.3% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.5M | 7,435 | 1.2% | 14 |
| BLACKROCK ETF TRUST II | [INMU](https://holderbook.com/stocks/INMU/) | $5.5M | 225,374 | 1.2% | 5 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $4.5M | 153,028 | 1.0% | 13 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $4.3M | 90,179 | 0.9% | 16 |
| PIMCO ETF TR | [MINO](https://holderbook.com/stocks/MINO/) | $4.1M | 90,065 | 0.9% | 19 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $3.4M | 64,164 | 0.7% | 5 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.0M | 4,028 | 0.6% | 31 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $2.9M | 28,699 | 0.6% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.6M | 7,845 | 0.5% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 5,664 | 0.4% | 31 |
| LAZARD INC | [LAZ](https://holderbook.com/stocks/LAZ/) | $2.0M | 48,762 | 0.4% | 10 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $2.0M | 3,766 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.9M | 5,231 | 0.4% | 13 |
| INVESCO EXCH TRD SLF IDX FD | [BSMR](https://holderbook.com/stocks/BSMR/) | $1.8M | 77,726 | 0.4% | 15 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.8M | 4,705 | 0.4% | 16 |
| INVESCO EXCH TRD SLF IDX FD | [BSMQ](https://holderbook.com/stocks/BSMQ/) | $1.7M | 71,908 | 0.4% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.7M | 8,437 | 0.4% | 14 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.6M | 13,496 | 0.3% | 16 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.6M | 5,240 | 0.3% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.6M | 4,347 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.6M | 1,458 | 0.3% | 15 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.5M | 5,046 | 0.3% | 13 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.4M | 4,130 | 0.3% | 27 |
| INVESCO EXCH TRD SLF IDX FD | [BSMS](https://holderbook.com/stocks/BSMS/) | $1.4M | 58,752 | 0.3% | 9 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.4M | 5,320 | 0.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3M | 1,118 | 0.3% | 19 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $1.3M | 36,991 | 0.3% | 13 |
| INVESCO EXCH TRD SLF IDX FD | [BSMT](https://holderbook.com/stocks/BSMT/) | $1.3M | 56,803 | 0.3% | 7 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $1.3M | 14,399 | 0.3% | 18 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.2M | 4,841 | 0.3% | 16 |
| DIREXION SHARES ETF TRUST | [QQQE](https://holderbook.com/stocks/QQQE/) | $1.1M | 9,413 | 0.2% | 24 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 1,221 | 0.2% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1M | 3,130 | 0.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.1M | 2,978 | 0.2% | 14 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.0M | 33,091 | 0.2% | 13 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.0M | 11,104 | 0.2% | 15 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $988.2K | 7,228 | 0.2% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $985.5K | 4,135 | 0.2% | 13 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $870.0K | 3,965 | 0.2% | 31 |
| SANMINA CORP | [SANM](https://holderbook.com/stocks/SANM/) | $839.5K | 3,317 | 0.2% | 10 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $823.8K | 2,137 | 0.2% | 13 |
| INVESCO EXCH TRD SLF IDX FD | [BSMU](https://holderbook.com/stocks/BSMU/) | $751.5K | 34,285 | 0.2% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $736.0K | 6,498 | 0.2% | 31 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $734.6K | 7,145 | 0.2% | 10 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $731.7K | 2,000 | 0.2% | 31 |
| NUSHARES ETF TR | [NULG](https://holderbook.com/stocks/NULG/) | $726.5K | 6,206 | 0.2% | 10 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $713.4K | 1,970 | 0.2% | 15 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $713.2K | 8,851 | 0.2% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $688.3K | 1,656 | 0.1% | 31 |
| NUSHARES ETF TR | [NULV](https://holderbook.com/stocks/NULV/) | $650.1K | 13,005 | 0.1% | 10 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $613.6K | 4,775 | 0.1% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $612.5K | 2,266 | 0.1% | 20 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $602.5K | 726 | 0.1% | 10 |
| VANGUARD SCOTTSDALE FDS | [VTHR](https://holderbook.com/stocks/VTHR/) | $593.3K | 1,790 | 0.1% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $592.3K | 4,039 | 0.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $584.0K | 1,167 | 0.1% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $557.1K | 2,354 | 0.1% | 13 |
| NEW YORK LIFE INVTS ACTIVE E | [MMIN](https://holderbook.com/stocks/MMIN/) | $554.1K | 22,886 | 0.1% | 23 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $545.7K | 2,467 | 0.1% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $540.2K | 959 | 0.1% | 13 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $534.1K | 1,040 | 0.1% | 13 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $532.3K | 1,991 | 0.1% | 10 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $520.1K | 2,141 | 0.1% | 13 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $513.0K | 1,007 | 0.1% | 22 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $506.9K | 8,392 | 0.1% | 19 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $501.3K | 863 | 0.1% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $499.3K | 2,702 | 0.1% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $495.1K | 1,796 | 0.1% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $482.4K | 3,818 | 0.1% | 19 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $477.3K | 1,172 | 0.1% | 10 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $466.0K | 2,446 | 0.1% | 24 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $464.5K | 4,316 | 0.1% | 30 |
| WINTRUST FINL CORP | [WTFC](https://holderbook.com/stocks/WTFC/) | $459.0K | 2,856 | 0.1% | 11 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $447.4K | 1,483 | 0.1% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $440.1K | 3,200 | 0.1% | 13 |
| RELIANCE INC | [RS](https://holderbook.com/stocks/RS/) | $439.7K | 1,177 | 0.1% | 15 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $422.8K | 9,987 | 0.1% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $419.8K | 1,493 | 0.1% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $414.1K | 2,959 | 0.1% | 5 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $389.2K | 10,557 | 0.1% | 13 |
| GROUP 1 AUTOMOTIVE INC | [GPI](https://holderbook.com/stocks/GPI/) | $384.9K | 1,322 | 0.1% | 14 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $378.1K | 4,652 | 0.1% | 31 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $373.4K | 1,602 | 0.1% | 10 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $366.2K | 1,635 | 0.1% | 19 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $366.1K | 184 | 0.1% | 2 |

## 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 | +11.7% | +14.8% | -3.1% | 100% |
| Q1 2026 | -2.1% | -4.6% | +2.5% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 99% |
| Q2 2025 | +6.8% | +10.5% | -3.7% | 100% |
| Q1 2025 | -3.1% | -4.6% | +1.4% | 100% |
| Q4 2024 | -0.3% | +2.1% | -2.5% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $471.4M | 146 |
| Q1 2026 | $426.7M | 137 |
| Q4 2025 | $432.9M | 136 |
| Q3 2025 | $423.0M | 136 |
| Q2 2025 | $386.2M | 142 |
| Q1 2025 | $355.2M | 132 |
| Q4 2024 | $366.5M | 138 |
| Q3 2024 | $373.8M | 149 |
| Q2 2024 | $342.7M | 142 |
| Q1 2024 | $340.1M | 143 |
| Q4 2023 | $312.1M | 134 |
| Q3 2023 | $286.0M | 129 |