# PAX Financial Group, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1803673. Source: https://holderbook.com/funds/1803673-pax-financial-group-llc/

- Reported value: $673.0M
- Positions: 207
- Weight of the ten largest: 42.8%
- Filed: 2026-08-05

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 | [IVV](https://holderbook.com/stocks/IVV/) | $83.6M | 111,568 | 12.4% | 27 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $33.9M | 735,092 | 5.0% | 22 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $32.1M | 233,600 | 4.8% | 10 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $30.5M | 447,980 | 4.5% | 11 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $26.8M | 118,225 | 4.0% | 11 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $17.7M | 213,523 | 2.6% | 17 |
| NORTHERN LTS FD TR IV | [WWJD](https://holderbook.com/stocks/WWJD/) | $17.3M | 452,976 | 2.6% | 23 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $17.2M | 326,469 | 2.6% | 5 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $14.7M | 117,818 | 2.2% | 2 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $14.5M | 165,376 | 2.2% | 13 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $14.3M | 155,402 | 2.1% | 13 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $13.4M | 39,099 | 2.0% | 7 |
| BLACKROCK ETF TRUST | [CORO](https://holderbook.com/stocks/CORO/) | $10.6M | 288,757 | 1.6% | 1 |
| BLACKROCK ETF TRUST | [BLCR](https://holderbook.com/stocks/BLCR/) | $10.6M | 209,573 | 1.6% | 2 |
| NORTHERN LTS FD TR IV | [ISMD](https://holderbook.com/stocks/ISMD/) | $10.0M | 200,796 | 1.5% | 22 |
| PIMCO ETF TR | [PYLD](https://holderbook.com/stocks/PYLD/) | $9.4M | 353,346 | 1.4% | 10 |
| BLACKROCK ETF TRUST | [IDEF](https://holderbook.com/stocks/IDEF/) | $9.1M | 285,074 | 1.3% | 2 |
| BLACKROCK ETF TRUST | [THRO](https://holderbook.com/stocks/THRO/) | $9.0M | 209,686 | 1.3% | 5 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $9.0M | 117,311 | 1.3% | 22 |
| NORTHERN LTS FD TR IV | [IBD](https://holderbook.com/stocks/IBD/) | $8.3M | 348,665 | 1.2% | 23 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $8.2M | 86,816 | 1.2% | 23 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $7.8M | 77,515 | 1.2% | 6 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $7.7M | 338,975 | 1.1% | 27 |
| NORTHERN LTS FD TR IV | [PTL](https://holderbook.com/stocks/PTL/) | $6.9M | 24,286 | 1.0% | 9 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $6.8M | 264,698 | 1.0% | 27 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $6.5M | 71,053 | 1.0% | 27 |
| INVESCO EXCH TRD SLF IDX FD | [OMFL](https://holderbook.com/stocks/OMFL/) | $6.4M | 93,467 | 1.0% | 13 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.0M | 20,575 | 0.9% | 27 |
| BLACKROCK ETF TRUST | [IALT](https://holderbook.com/stocks/IALT/) | $5.9M | 209,742 | 0.9% | 1 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $5.8M | 81,981 | 0.9% | 27 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.5M | 27,633 | 0.8% | 14 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $5.4M | 17,663 | 0.8% | 11 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $5.2M | 44,045 | 0.8% | 27 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $5.0M | 62,400 | 0.7% | 27 |
| STRATEGY SHS | [ESUM](https://holderbook.com/stocks/ESUM/) | $5.0M | 163,445 | 0.7% | 6 |
| BLACKROCK ETF TRUST II | [GGOV](https://holderbook.com/stocks/GGOV/) | $4.8M | 95,094 | 0.7% | 1 |
| NORTHERN LTS FD TR IV | [BIBL](https://holderbook.com/stocks/BIBL/) | $4.7M | 80,575 | 0.7% | 22 |
| STRATEGY SHS | [ELCV](https://holderbook.com/stocks/ELCV/) | $4.5M | 137,699 | 0.7% | 7 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $4.3M | 85,711 | 0.6% | 27 |
| NORTHERN LTS FD TR IV | [FDLS](https://holderbook.com/stocks/FDLS/) | $4.3M | 102,053 | 0.6% | 16 |
| INVESCO EXCH TRADED FD TR II | [RWL](https://holderbook.com/stocks/RWL/) | $4.3M | 33,492 | 0.6% | 2 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $4.2M | 68,791 | 0.6% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.1M | 11,578 | 0.6% | 27 |
| PIMCO ETF TR | [PMBS](https://holderbook.com/stocks/PMBS/) | $4.0M | 80,934 | 0.6% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.0M | 10,690 | 0.6% | 27 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $4.0M | 25,383 | 0.6% | 27 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.9M | 31,204 | 0.6% | 27 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $3.7M | 70,788 | 0.6% | 13 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.5M | 11,555 | 0.5% | 27 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $3.5M | 5,024 | 0.5% | 24 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $3.3M | 20,952 | 0.5% | 27 |
| PIMCO ETF TR | [CORP](https://holderbook.com/stocks/CORP/) | $2.8M | 28,544 | 0.4% | 13 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $2.7M | 36,167 | 0.4% | 7 |
| STRATEGY SHS | [ESIM](https://holderbook.com/stocks/ESIM/) | $2.7M | 89,839 | 0.4% | 3 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $2.6M | 16,905 | 0.4% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.4M | 10,254 | 0.4% | 27 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $2.4M | 24,131 | 0.4% | 13 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.4M | 3,254 | 0.4% | 27 |
| PIMCO ETF TR | [MINO](https://holderbook.com/stocks/MINO/) | $2.4M | 52,534 | 0.4% | 12 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $2.4M | 46,254 | 0.4% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.4M | 6,230 | 0.3% | 11 |
| INVESCO EXCH TRD SLF IDX FD | [IMFL](https://holderbook.com/stocks/IMFL/) | $2.3M | 66,493 | 0.3% | 8 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $2.2M | 43,736 | 0.3% | 27 |
| PIMCO ETF TR | [SMMU](https://holderbook.com/stocks/SMMU/) | $2.0M | 40,249 | 0.3% | 11 |
| ISHARES TR | [IEUR](https://holderbook.com/stocks/IEUR/) | $2.0M | 27,006 | 0.3% | 27 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $1.9M | 26,492 | 0.3% | 27 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.9M | 21,699 | 0.3% | 27 |
| PIMCO ETF TR | [LDUR](https://holderbook.com/stocks/LDUR/) | $1.8M | 19,031 | 0.3% | 17 |
| ISHARES TR | [IPAC](https://holderbook.com/stocks/IPAC/) | $1.7M | 21,256 | 0.3% | 27 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.7M | 22,339 | 0.3% | 27 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $1.7M | 10,140 | 0.3% | 7 |
| INVESCO EXCH TRADED FD TR II | [GOVI](https://holderbook.com/stocks/GOVI/) | $1.7M | 61,869 | 0.2% | 1 |
| INVESCO ACTIVELY MANAGED EXC | [GTO](https://holderbook.com/stocks/GTO/) | $1.7M | 35,698 | 0.2% | 8 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.7M | 9,371 | 0.2% | 10 |
| STRATEGY SHS | [ESLG](https://holderbook.com/stocks/ESLG/) | $1.6M | 56,976 | 0.2% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.5M | 3,658 | 0.2% | 27 |
| STRATEGY SHS | [ESSC](https://holderbook.com/stocks/ESSC/) | $1.5M | 48,329 | 0.2% | 3 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $1.5M | 28,016 | 0.2% | 11 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.5M | 731 | 0.2% | 7 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.4M | 13,830 | 0.2% | 8 |
| PIMCO ETF TR | [HYS](https://holderbook.com/stocks/HYS/) | $1.4M | 14,506 | 0.2% | 13 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $1.4M | 20,027 | 0.2% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3M | 1,103 | 0.2% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.3M | 1,710 | 0.2% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.3M | 9,173 | 0.2% | 16 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $1.2M | 8,994 | 0.2% | 27 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2M | 2,120 | 0.2% | 12 |
| INVESCO EXCH TRD SLF IDX FD | [BSMR](https://holderbook.com/stocks/BSMR/) | $1.1M | 47,651 | 0.2% | 7 |
| INVESCO EXCH TRD SLF IDX FD | [BSMQ](https://holderbook.com/stocks/BSMQ/) | $1.1M | 47,824 | 0.2% | 11 |
| J P MORGAN EXCHANGE TRADED F | [JMEE](https://holderbook.com/stocks/JMEE/) | $1.1M | 14,263 | 0.2% | 8 |
| INVESCO EXCH TRD SLF IDX FD | [BSMS](https://holderbook.com/stocks/BSMS/) | $1.1M | 47,352 | 0.2% | 3 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $1.1M | 15,662 | 0.2% | 23 |
| INVESCO EXCHANGE TRADED FD T | [RPG](https://holderbook.com/stocks/RPG/) | $1.1M | 16,519 | 0.2% | 1 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.0M | 1,087 | 0.2% | 26 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $977.6K | 2,642 | 0.1% | 16 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $945.8K | 1,980 | 0.1% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $862.9K | 1,680 | 0.1% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $836.2K | 1,671 | 0.1% | 27 |
| SPDR SERIES TRUST | [SHM](https://holderbook.com/stocks/SHM/) | $789.4K | 16,458 | 0.1% | 22 |
| ISHARES TR | [SYSB](https://holderbook.com/stocks/SYSB/) | $785.9K | 8,859 | 0.1% | 3 |

## 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 | +11.6% | +14.8% | -3.2% | 100% |
| Q1 2026 | -2.0% | -4.6% | +2.6% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +5.5% | +7.8% | -2.3% | 100% |
| Q2 2025 | +7.8% | +10.5% | -2.7% | 100% |
| Q1 2025 | -2.3% | -4.6% | +2.3% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.5% | 100% |
| Q3 2024 | +5.5% | +5.4% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $673.0M | 207 |
| Q1 2026 | $586.2M | 199 |
| Q4 2025 | $579.9M | 207 |
| Q3 2025 | $555.0M | 216 |
| Q2 2025 | $523.3M | 234 |
| Q1 2025 | $564.2M | 246 |
| Q4 2024 | $558.8M | 227 |
| Q3 2024 | $557.6M | 225 |
| Q2 2024 | $512.0M | 230 |
| Q1 2024 | $498.2M | 221 |
| Q4 2023 | $484.5M | 212 |
| Q3 2023 | $438.6M | 215 |