Kestra Investment Management, LLC

Q4 2025 13F-HR Holdings

Location
Austin, TX
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
429
Total value ($000)
$4,089,121
Net value change ($000)
+363,978 (9.8%)
New positions
45
Sold out positions
51
Turnover %
5.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/17/2025 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)
AVEM 110,666 3713.6%
IUSG 57,568 43.4%
FSMD 55,484 NEW
IUSV 49,873 14.8%
BNDX 36,804 7864.1%
SPYG 33,904 13.8%
PAVE 32,201 NEW
VEU 24,281 12.9%
DIHP 22,357 35.9%
HYDB 20,443 408.1%
Top Reduces (Value $000, Stocks/ETFs)
IEMG -71,522 -99.4%
VO -64,549 -40.4%
IGSB -47,867 -71.8%
FELG -19,833 -100.0%
VMBS -19,243 -37.1%
SPEM -18,050 -100.0%
TDIV -17,689 -97.5%
DFIV -15,125 -11.0%
EFG -14,170 -97.1%
SHYM -11,010 -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.
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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