# Kaizen Financial Strategies

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1842013. Source: https://holderbook.com/funds/1842013-kaizen-financial-strategies/

- Reported value: $254.2M
- Positions: 177
- Weight of the ten largest: 41.9%
- Filed: 2026-10-09

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $17.6M | 52,899 | 6.9% | 23 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $16.7M | 464,265 | 6.6% | 23 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $12.0M | 245,374 | 4.7% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $11.2M | 48,856 | 4.4% | 23 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $10.2M | 13,352 | 4.0% | 23 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $9.0M | 12,829 | 3.5% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $7.6M | 22,227 | 3.0% | 22 |
| SCHWAB STRATEGIC TR | [FNDB](https://holderbook.com/stocks/FNDB/) | $7.5M | 244,801 | 2.9% | 13 |
| SCHWAB STRATEGIC TR | [SCHI](https://holderbook.com/stocks/SCHI/) | $7.5M | 348,950 | 2.9% | 13 |
| VANGUARD MALVERN FDS | [VCRB](https://holderbook.com/stocks/VCRB/) | $7.4M | 100,765 | 2.9% | 10 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $7.1M | 45,928 | 2.8% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.4M | 8,585 | 2.5% | 23 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $6.3M | 10,339 | 2.5% | 22 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $5.6M | 104,504 | 2.2% | 22 |
| J P MORGAN EXCHANGE TRADED F | [JIRE](https://holderbook.com/stocks/JIRE/) | $5.2M | 62,803 | 2.0% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.1M | 16,393 | 1.6% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.9M | 11,268 | 1.5% | 23 |
| SCHWAB STRATEGIC TR | [SCUS](https://holderbook.com/stocks/SCUS/) | $3.8M | 152,193 | 1.5% | 3 |
| VANGUARD MALVERN FDS | [VPLS](https://holderbook.com/stocks/VPLS/) | $3.6M | 48,952 | 1.4% | 5 |
| SCHWAB STRATEGIC TR | [FNDA](https://holderbook.com/stocks/FNDA/) | $3.3M | 95,512 | 1.3% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.3M | 6,499 | 1.3% | 23 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.3M | 14,014 | 1.3% | 23 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $3.0M | 4,925 | 1.2% | 23 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $2.7M | 13,980 | 1.1% | 23 |
| J P MORGAN EXCHANGE TRADED F | [JIVE](https://holderbook.com/stocks/JIVE/) | $2.5M | 26,069 | 1.0% | 3 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $2.4M | 21,490 | 0.9% | 23 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $2.1M | 1,200 | 0.8% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.9M | 5,430 | 0.8% | 20 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.7M | 3,300 | 0.7% | 23 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.5M | 1,328 | 0.6% | 10 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $1.3M | 56,319 | 0.5% | 17 |
| ETF SER SOLUTIONS | [QTUM](https://holderbook.com/stocks/QTUM/) | $1.3M | 8,616 | 0.5% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2M | 1,719 | 0.5% | 23 |
| AMPLIFY ETF TR | [BLOK](https://holderbook.com/stocks/BLOK/) | $1.2M | 19,130 | 0.5% | 23 |
| TEMPLETON EMERGING MKTS INCO | [TEI](https://holderbook.com/stocks/TEI/) | $1.1M | 186,155 | 0.5% | 10 |
| SPDR SERIES TRUST | [XSD](https://holderbook.com/stocks/XSD/) | $1.1M | 2,140 | 0.4% | 11 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $1.1M | 16,400 | 0.4% | 23 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.0M | 3,173 | 0.4% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.0M | 17,542 | 0.4% | 14 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.0M | 5,390 | 0.4% | 10 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.0M | 1,964 | 0.4% | 23 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.0M | 3,828 | 0.4% | 23 |
| ISHARES TR | [FALN](https://holderbook.com/stocks/FALN/) | $972.8K | 37,517 | 0.4% | 6 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $969.4K | 1,020 | 0.4% | 6 |
| ARGAN INC | [AGX](https://holderbook.com/stocks/AGX/) | $961.5K | 2,544 | 0.4% | 10 |
| DIREXION SHARES ETF TRUST | [SOXL](https://holderbook.com/stocks/SOXL/) | $950.6K | 6,429 | 0.4% | 4 |
| NEOS ETF TRUST | [QQQI](https://holderbook.com/stocks/QQQI/) | $945.6K | 17,022 | 0.4% | 5 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $936.2K | 22,360 | 0.4% | 13 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $901.3K | 4,652 | 0.4% | 11 |
| SCHWAB STRATEGIC TR | [SCHK](https://holderbook.com/stocks/SCHK/) | $895.1K | 24,415 | 0.4% | 23 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $884.8K | 1,947 | 0.3% | 5 |
| NEOS ETF TRUST | [SPYI](https://holderbook.com/stocks/SPYI/) | $878.4K | 16,521 | 0.3% | 5 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $865.0K | 8,391 | 0.3% | 12 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $859.5K | 16,095 | 0.3% | 23 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $831.6K | 2,222 | 0.3% | 23 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $813.5K | 1,003 | 0.3% | 21 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $788.7K | 2,525 | 0.3% | 10 |
| ISHARES TR | [EPOL](https://holderbook.com/stocks/EPOL/) | $746.5K | 16,844 | 0.3% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $742.0K | 815 | 0.3% | 12 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $723.1K | 2,012 | 0.3% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $715.9K | 2,164 | 0.3% | 16 |
| GRAYSCALE BITCOIN MINI TR ET | [BTC](https://holderbook.com/stocks/BTC/) | $712.8K | 19,290 | 0.3% | 4 |
| MORGAN STANLEY EMERGING MKTS | [EDD](https://holderbook.com/stocks/EDD/) | $697.0K | 132,501 | 0.3% | 6 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $692.6K | 6,242 | 0.3% | 23 |
| SPDR SERIES TRUST | [XITK](https://holderbook.com/stocks/XITK/) | $689.8K | 3,464 | 0.3% | 7 |
| LISTED FDS TR | [UMMA](https://holderbook.com/stocks/UMMA/) | $685.1K | 18,614 | 0.3% | 3 |
| LISTED FDS TR | [HLAL](https://holderbook.com/stocks/HLAL/) | $664.8K | 8,886 | 0.3% | 2 |
| VICTORY CAP HLDGS INC DEL | [VCTR](https://holderbook.com/stocks/VCTR/) | $664.7K | 6,010 | 0.3% | 10 |
| AMPLIFY ETF TR | [HACK](https://holderbook.com/stocks/HACK/) | $632.8K | 5,219 | 0.2% | 11 |
| PROSHARES TR | [BIB](https://holderbook.com/stocks/BIB/) | $613.6K | 5,315 | 0.2% | 4 |
| SPDR SERIES TRUST | [XTL](https://holderbook.com/stocks/XTL/) | $611.0K | 3,010 | 0.2% | 9 |
| WESTERN MIDSTREAM PARTNERS L | [WES](https://holderbook.com/stocks/WES/) | $590.9K | 13,318 | 0.2% | 5 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $589.3K | 2,497 | 0.2% | 6 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $587.4K | 2,114 | 0.2% | 23 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $585.9K | 1,390 | 0.2% | 15 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $574.4K | 7,584 | 0.2% | 5 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $568.2K | 1,430 | 0.2% | 11 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $562.3K | 17,232 | 0.2% | 22 |
| SPDR SERIES TRUST | [XSW](https://holderbook.com/stocks/XSW/) | $561.2K | 2,885 | 0.2% | 7 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $548.0K | 2,463 | 0.2% | 6 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $545.8K | 38,901 | 0.2% | 23 |
| STAG INDUSTRIAL INC | [STAG](https://holderbook.com/stocks/STAG/) | $542.7K | 15,155 | 0.2% | 23 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $536.9K | 3,559 | 0.2% | 2 |
| UNITED STS LIME & MINERALS I | [USLM](https://holderbook.com/stocks/USLM/) | $535.5K | 4,734 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $523.2K | 1,839 | 0.2% | 12 |
| ISHARES TR | [TLTW](https://holderbook.com/stocks/TLTW/) | $523.0K | 25,800 | 0.2% | 1 |
| ALLIANCEBERNSTEIN GLOBAL HIG | [AWF](https://holderbook.com/stocks/AWF/) | $519.6K | 53,406 | 0.2% | 22 |
| KRATOS DEFENSE & SEC SOLUTIO | [KTOS](https://holderbook.com/stocks/KTOS/) | $516.6K | 12,102 | 0.2% | 12 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $506.3K | 21,026 | 0.2% | 9 |
| VANGUARD CALIF TAX FREE FDS | [VTEC](https://holderbook.com/stocks/VTEC/) | $506.1K | 5,368 | 0.2% | 5 |
| ISHARES TR | [IMCG](https://holderbook.com/stocks/IMCG/) | $504.2K | 5,370 | 0.2% | 14 |
| SPDR SERIES TRUST | [KIE](https://holderbook.com/stocks/KIE/) | $503.1K | 8,600 | 0.2% | 16 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $501.8K | 1,485 | 0.2% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $497.4K | 1,306 | 0.2% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $486.7K | 1,386 | 0.2% | 6 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $486.6K | 1,680 | 0.2% | 10 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $474.3K | 4,778 | 0.2% | 10 |
| URANIUM ENERGY CORP | [UEC](https://holderbook.com/stocks/UEC/) | $449.0K | 47,511 | 0.2% | 6 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $448.9K | 2,236 | 0.2% | 17 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $444.8K | 2,984 | 0.2% | 8 |

## 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 | +16.8% | +14.8% | +1.9% | 92% |
| Q1 2026 | -4.1% | -4.6% | +0.6% | 100% |
| Q4 2025 | +2.4% | +2.4% | +0.0% | 99% |
| Q3 2025 | +10.0% | +7.8% | +2.2% | 100% |
| Q2 2025 | +10.5% | +10.5% | +0.0% | 100% |
| Q1 2025 | -6.5% | -4.6% | -1.9% | 100% |
| Q4 2024 | +3.3% | +2.1% | +1.1% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.6% | 101% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $254.2M | 177 |
| Q2 2026 | $307.7M | 170 |
| Q1 2026 | $236.5M | 171 |
| Q4 2025 | $226.7M | 163 |
| Q3 2025 | $221.2M | 151 |
| Q2 2025 | $196.8M | 150 |
| Q1 2025 | $173.4M | 139 |
| Q4 2024 | $176.6M | 133 |
| Q3 2024 | $172.4M | 135 |
| Q2 2024 | $160.4M | 132 |
| Q1 2024 | $147.4M | 126 |
| Q4 2023 | $132.0M | 117 |