# TRAPHAGEN INVESTMENT ADVISORS LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2023380. Source: https://holderbook.com/funds/2023380-traphagen-investment-advisors-llc/

- Reported value: $1.4B
- Positions: 219
- Weight of the ten largest: 67.6%
- Filed: 2026-07-16

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/) | $361.3M | 482,471 | 25.8% | 30 |
| AMERICAN CENTY ETF TR | [AVUS](https://holderbook.com/stocks/AVUS/) | $130.1M | 1,015,751 | 9.3% | 12 |
| VICTORY PORTFOLIOS II | [VFLO](https://holderbook.com/stocks/VFLO/) | $99.2M | 2,167,764 | 7.1% | 12 |
| VICTORY PORTFOLIOS II | [GFLW](https://holderbook.com/stocks/GFLW/) | $78.6M | 2,292,105 | 5.6% | 4 |
| JANUS DETROIT STR TR | [JSI](https://holderbook.com/stocks/JSI/) | $55.3M | 1,080,779 | 4.0% | 5 |
| FIRST TR EXCHANGE TRADED FD | [GRID](https://holderbook.com/stocks/GRID/) | $51.9M | 270,550 | 3.7% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $46.1M | 159,148 | 3.3% | 30 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $44.5M | 880,835 | 3.2% | 9 |
| FIDELITY COVINGTON TRUST | [FENI](https://holderbook.com/stocks/FENI/) | $41.8M | 1,042,003 | 3.0% | 2 |
| TORTOISE CAPITAL SERIES TRUS | [TPYP](https://holderbook.com/stocks/TPYP/) | $37.1M | 885,428 | 2.7% | 5 |
| FIDELITY COVINGTON TRUST | [FUTY](https://holderbook.com/stocks/FUTY/) | $26.3M | 449,543 | 1.9% | 12 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $26.1M | 441,994 | 1.9% | 11 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $25.3M | 251,033 | 1.8% | 14 |
| VANECK ETF TRUST | [GPZ](https://holderbook.com/stocks/GPZ/) | $22.8M | 1,061,286 | 1.6% | 5 |
| THE ALGER ETF TRUST | [ALAI](https://holderbook.com/stocks/ALAI/) | $18.9M | 413,367 | 1.3% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $17.6M | 25,676 | 1.3% | 30 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $17.2M | 46,567 | 1.2% | 21 |
| BLUEROCK PVT REAL ESTATE FD | [BPRE](https://holderbook.com/stocks/BPRE/) | $15.2M | 1,168,414 | 1.1% | 3 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $10.7M | 48,595 | 0.8% | 26 |
| BITWISE BITCOIN ETF TR | [BITB](https://holderbook.com/stocks/BITB/) | $10.5M | 329,963 | 0.8% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $10.5M | 14 | 0.7% | 30 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $10.3M | 10,138 | 0.7% | 12 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $8.8M | 278,360 | 0.6% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.9M | 39,450 | 0.6% | 14 |
| ISHARES TR | [TLTW](https://holderbook.com/stocks/TLTW/) | $7.7M | 345,355 | 0.6% | 14 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $7.3M | 89,004 | 0.5% | 15 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $6.9M | 56,188 | 0.5% | 26 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.8M | 15,594 | 0.4% | 30 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $5.4M | 33,162 | 0.4% | 26 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $5.3M | 74,201 | 0.4% | 8 |
| INVESCO EXCH TRADED FD TR II | [PZA](https://holderbook.com/stocks/PZA/) | $5.2M | 219,917 | 0.4% | 30 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $4.9M | 60,180 | 0.3% | 18 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.8M | 13,502 | 0.3% | 30 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.7M | 19,629 | 0.3% | 30 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $4.5M | 41,755 | 0.3% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.4M | 13,459 | 0.3% | 30 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.3M | 8,620 | 0.3% | 30 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.1M | 11,502 | 0.3% | 30 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.0M | 11,212 | 0.3% | 30 |
| GRAYSCALE BITCOIN TRUST ETF | [GBTC](https://holderbook.com/stocks/GBTC/) | $3.8M | 83,314 | 0.3% | 10 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.4M | 3,191 | 0.2% | 11 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $3.3M | 112,180 | 0.2% | 13 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $3.0M | 90,532 | 0.2% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.9M | 3,939 | 0.2% | 24 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $2.8M | 45,474 | 0.2% | 18 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.8M | 23,523 | 0.2% | 30 |
| EA SERIES TRUST | [STXF](https://holderbook.com/stocks/STXF/) | $2.6M | 54,819 | 0.2% | 7 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.5M | 9,821 | 0.2% | 30 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.4M | 9,472 | 0.2% | 30 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $2.4M | 9,645 | 0.2% | 26 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $2.3M | 80,873 | 0.2% | 30 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.3M | 16,986 | 0.2% | 30 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.3M | 13,866 | 0.2% | 23 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.2M | 51,940 | 0.2% | 30 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $2.1M | 5,727 | 0.2% | 11 |
| BONDBLOXX ETF TRUST | [TXXI](https://holderbook.com/stocks/TXXI/) | $2.1M | 41,194 | 0.1% | 2 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $2.0M | 7,166 | 0.1% | 30 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.0M | 1,764 | 0.1% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.0M | 2,736 | 0.1% | 9 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.9M | 8,112 | 0.1% | 30 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.9M | 14,966 | 0.1% | 18 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.9M | 3,287 | 0.1% | 30 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.8M | 1,517 | 0.1% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.8M | 1,889 | 0.1% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.8M | 5,110 | 0.1% | 30 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.7M | 15,200 | 0.1% | 19 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.7M | 12,202 | 0.1% | 30 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $1.6M | 12,916 | 0.1% | 12 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.5M | 1,286 | 0.1% | 24 |
| PACER FDS TR | [COWG](https://holderbook.com/stocks/COWG/) | $1.5M | 38,263 | 0.1% | 7 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.5M | 4,971 | 0.1% | 24 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.5M | 3,542 | 0.1% | 24 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $1.3M | 11,313 | 0.1% | 17 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.3M | 8,833 | 0.1% | 30 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $1.3M | 11,674 | 0.1% | 13 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.3M | 16,463 | 0.1% | 18 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.2M | 57,220 | 0.1% | 23 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $1.2M | 7,558 | 0.1% | 24 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.1M | 19,798 | 0.1% | 30 |
| GOLDMAN SACHS ETF TR | [GINN](https://holderbook.com/stocks/GINN/) | $1.1M | 14,336 | 0.1% | 22 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.1M | 2,181 | 0.1% | 13 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.1M | 13,566 | 0.1% | 30 |
| GRAYSCALE BITCOIN MINI TR ET | [BTC](https://holderbook.com/stocks/BTC/) | $1.1M | 42,245 | 0.1% | 7 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $1.1M | 7,616 | 0.1% | 30 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.0M | 5,756 | 0.1% | 30 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.0M | 1,761 | 0.1% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.0M | 3,609 | 0.1% | 30 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $999.3K | 11,689 | 0.1% | 13 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $987.4K | 6,033 | 0.1% | 15 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $981.0K | 1,285 | 0.1% | 8 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $954.2K | 2,775 | 0.1% | 12 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $953.7K | 1,857 | 0.1% | 30 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $950.3K | 3,188 | 0.1% | 30 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $897.1K | 11,134 | 0.1% | 30 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $865.9K | 3,867 | 0.1% | 22 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $848.0K | 5,864 | 0.1% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $836.9K | 1,931 | 0.1% | 4 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $822.6K | 1,931 | 0.1% | 17 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $807.0K | 6,280 | 0.1% | 30 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $789.1K | 4,803 | 0.1% | 15 |

## 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 | +10.1% | +14.8% | -4.7% | 100% |
| Q1 2026 | -2.1% | -4.6% | +2.5% | 100% |
| Q4 2025 | +0.8% | +2.4% | -1.5% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +7.4% | +10.5% | -3.1% | 100% |
| Q1 2025 | -2.5% | -4.6% | +2.0% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.4% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.4B | 219 |
| Q1 2026 | $1.2B | 207 |
| Q4 2025 | $1.2B | 196 |
| Q3 2025 | $1.2B | 192 |
| Q2 2025 | $1.1B | 188 |
| Q1 2025 | $958.0M | 183 |
| Q4 2024 | $983.0M | 180 |
| Q3 2024 | $991.2M | 176 |
| Q2 2024 | $921.2M | 174 |
| Q1 2024 | $937.6M | 175 |
| Q4 2023 | $852.1M | 173 |
| Q3 2023 | $788.9M | 163 |