LFA - Lugano Financial Advisors SA

Q4 2025 13F-HR Holdings

Location
Lugano, V8
Holdings as of
12/31/2025
Date filed
1/29/2026
Form type
13F-HR
Num holdings
235
Total value ($000)
$193,689
Net value change ($000)
+4,016 (2.1%)
New positions
14
Sold out positions
8
Turnover %
2.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/5/2025 Next filing: — 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)
VSGX 1,696 NEW
GLD 1,547 14.2%
EWL 567 48.1%
GDX 530 23.6%
ESGD 484 2.3%
ESGE 388 NEW
IBDV 277 16.7%
ICLN 257 NEW
GOOGL 242 28.8%
GOOGL 188 33.2%
Top Reduces (Value $000, Stocks/ETFs)
FEZ -821 -24.4%
SGOV -516 -12.8%
SDVY -450 -9.9%
XLE -359 -100.0%
SPY -342 -1.3%
EA -314 -100.0%
CIBR -297 -10.1%
QAI -281 -7.8%
MSFT -220 -6.7%
VGIT -144 -4.3%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type