Note Advisors, LLC

Q3 2025 13F-HR Holdings

Location
Buffalo, NY
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
83
Total value ($000)
$168,187
Net value change ($000)
+23,601 (16.3%)
New positions
9
Sold out positions
0
Turnover %
1.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/18/2026 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)
DFAU 4,240 12.9%
DFCF 2,827 24.4%
DFAC 1,583 42.4%
NYF 1,313 46.1%
DFAI 1,108 9.5%
XHLF 789 NEW
VNQ 690 17.6%
DFAE 677 16.0%
BNDX 663 18.2%
BND 625 8.5%
Top Reduces (Value $000, Stocks/ETFs)
MUB -38 -3.4%
VWOB -23 -3.2%
XYLD -7 -1.5%
SCHZ -6 -1.7%
SCZ -4 -1.7%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type