Flagstone Financial Management

Q3 2025 13F-HR Holdings

Location
Lincoln, NE
Holdings as of
9/30/2025
Date filed
10/31/2025
Form type
13F-HR
Num holdings
62
Total value ($000)
$378,974
Net value change ($000)
+30,116 (8.6%)
New positions
4
Sold out positions
1
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/29/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
DFUS 9,985 10.2%
IGIB 2,388 6.3%
AVUV 2,198 13.1%
SPDW 1,750 6.6%
SPSB 1,417 6.1%
AVDV 1,382 10.7%
BNDX 1,241 6.3%
SPTI 1,236 5.7%
MUB 1,223 62.9%
AVUS 1,137 8.6%
Top Reduces (Value $000, Stocks/ETFs)
MUNI -407 -7.3%
DE -56 -10.0%
MKL -22 -4.3%
IEFA -7 -3.2%
MSFT -2 -0.1%
NCNA -1 -100.0%
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