Refined Wealth Management

Q4 2025 13F-HR Holdings

Location
Salt Lake City, UT
Holdings as of
12/31/2025
Date filed
1/15/2026
Form type
13F-HR
Num holdings
43
Total value ($000)
$148,564
Net value change ($000)
-7,060 (-4.5%)
New positions
7
Sold out positions
1
Turnover %
1.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/21/2025 Next filing: 4/21/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VEA 1,079 219.3%
QQQ 1,049 7.1%
GLD 761 13.1%
RSP 606 NEW
VWO 520 NEW
XMAG 440 129.4%
MSFT 423 NEW
VSGX 389 2.3%
NVDA 359 39.4%
VOT 319 NEW
Top Reduces (Value $000, Stocks/ETFs)
COIN -6,360 -32.5%
BITB -2,179 -18.7%
ENVX -2,063 -25.9%
BBBY -1,794 -44.0%
XRPI -939 -33.8%
BNDX -380 -2.5%
BIV -311 -3.9%
IBIT -228 -100.0%
TLT -213 -4.0%
VCLT -194 -3.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type