Flagstone Financial Management

Q4 2025 13F-HR Holdings

Location
Lincoln, NE
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
66
Total value ($000)
$389,915
Net value change ($000)
+10,941 (2.9%)
New positions
4
Sold out positions
0
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 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)
DFUS 1,943 1.8%
SPSB 1,012 4.1%
MUNI 916 17.8%
IGIB 907 2.3%
SPDW 793 2.8%
SPTI 599 2.6%
AVUS 590 4.1%
AVUV 549 2.9%
ELS 368 NEW
BNDX 342 1.6%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -220 -8.1%
VIG -110 -13.1%
BRK-B -59 -1.0%
JPM -52 -4.4%
ETN -38 -15.3%
DE -21 -4.2%
DFAR -20 -4.0%
UNP -5 -1.9%
IWR -2 -0.3%
VGIT -1 -0.2%
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