LFA - Lugano Financial Advisors SA
CIK 1737871 · View on SEC EDGAR ↗
- Portfolio value
- $166.2M
- Positions
- 274
- As of
- June 30, 2026
#7,063 of 9,443 by 13F value · top 74.8%
Portfolio value QoQ: -15.5% 13F does not disclose cash
- Top 10 holdings weight
- 53.80%
- Top 25 holdings weight
- 76.63%
- Positions above 1%
- 23
- Effective number of positions
- 14.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 8.46% Est. buys $15,350,433 · sells $52,804,397
Median holding: 5.0 quarters Tracked Q1 2025–Q2 2026 · 79.2% still held
- New positions
- 64
- Increased
- 45
- Decreased
- 27
- Closed
- 13
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
3.4%
Retail
1.8%
Communication Services
1.3%
Industrials
1.2%
Financials
0.8%
Financial Services
0.8%
Healthcare
0.7%
Consumer Discretionary
0.5%
Consumer Staples
0.4%
Energy
0.2%
Utilities
0.1%
Telecommunication
0.1%
Communications
0.0%
Consumer products
0.0%
Materials
0.0%
Logistics & Transportation
0.0%
Real Estate
0.0%
Other/Unmapped
88.6%
Full portfolio 274 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SPY SPY | $37,549,836 | 22.60% | 51,717 | $9,861,610 | Up ×2 | ||
| FNDE | $13,031,547 | 7.84% | 328,425 | $231,281 | Down ×1 | ||
| GLD | $8,149,671 | 4.90% | 22,496 | $-5,354,981 | Down ×1 | ||
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | $5,721,517 | 3.44% | 108,384 | $530,521 | Up ×4 | ||
| VCSH Vanguard Short-Term Corporate Bond ETF | $5,116,402 | 3.08% | 66,137 | $598,002 | Up ×2 | ||
| VWOB Vanguard Emerging Markets Government Bond ETF | $4,736,856 | 2.85% | 71,871 | $-201,793 | Down ×3 | ||
| VSGX | $4,327,214 | 2.60% | 52,553 | $1,152,229 | Up ×2 | ||
| QAI | $3,710,801 | 2.23% | 104,915 | $366,632 | Up ×1 | ||
| FTLS | $3,659,004 | 2.20% | 51,811 | $-5,204 | Down ×4 | ||
| TLH | $3,399,256 | 2.05% | 34,483 | $5,539 | Up ×3 | ||
| SJNK | $3,361,579 | 2.02% | 135,506 | $-421,574 | Down ×1 | ||
| IBDU | $3,346,828 | 2.01% | 144,509 | $-153,487 | Down ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $3,251,206 | 1.96% | 4,415 | $768,178 | Up ×1 | ||
| VGIT Vanguard Intermediate-Term Treasury ETF | $3,238,828 | 1.95% | 55,931 | $-36,759 | Up ×2 | ||
| CIBR First Trust NASDAQ Cybersecurity ETF | $3,228,311 | 1.94% | 37,074 | $678,489 | Down ×1 | ||
| FEZ | $2,789,644 | 1.68% | 40,634 | $-1,676,950 | Down ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $2,654,154 | 1.60% | 11,410 | $245,095 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $2,413,066 | 1.45% | 6,604 | $9,552 | Up ×2 | ||
| IBDT | $2,381,353 | 1.43% | 94,311 | $10,073 | |||
| IBDV | $2,114,447 | 1.27% | 96,993 | $61,587 | Up ×5 | ||
| SHY iShares 1-3 Year Treasury Bond ETF | $2,070,322 | 1.25% | 25,214 | $6,318 | Up ×4 | ||
| EFA | $2,046,332 | 1.23% | 19,699 | $132,968 | |||
| EWL | $1,824,975 | 1.10% | 29,262 | $-25,246 | Down ×1 | ||
| QLTA | $1,621,620 | 0.98% | 34,674 | $-183,039 | Down ×5 | ||
| CWB | $1,579,671 | 0.95% | 14,651 | $241,959 | |||
| GDX GDX | $1,484,328 | 0.89% | 20,112 | $-1,656,684 | Down ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $1,367,332 | 0.82% | 1,284 | $483,440 | Up ×1 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $1,324,616 | 0.80% | 13,185 | $-388,888 | Down ×3 | ||
| VGT | $1,290,816 | 0.78% | 10,800 | $1,173,076 | Up ×1 | ||
| ESGE iShares ESG Aware MSCI EM ETF | $1,242,611 | 0.75% | 22,721 | $209,487 | |||
| AAPL Apple Inc. - Common Stock | $1,174,512 | 0.71% | 4,059 | $199,451 | Up ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $990,737 | 0.60% | 2,804 | $245,762 | Up ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $862,334 | 0.52% | 2,413 | $148,610 | Down ×1 | ||
| SCHF | $861,581 | 0.52% | 31,104 | $91,757 | |||
| PSP | $811,271 | 0.49% | 15,304 | $-101,165 | Down ×1 | ||
| VHT | $762,476 | 0.46% | 2,550 | $68,034 | |||
| EWU | $740,593 | 0.45% | 16,051 | $9,309 | |||
| NVDA NVIDIA Corporation - Common Stock | $707,318 | 0.43% | 3,535 | $119,067 | Up ×1 | ||
| VCIT Vanguard Intermediate-Term Corporate Bond ETF | $664,837 | 0.40% | 8,044 | $546,557 | Up ×1 | ||
| XLI XLI | $648,305 | 0.39% | 3,500 | $82,250 | |||
| JPM JP Morgan Chase & Co. Common Stock | $605,561 | 0.36% | 1,850 | $130,278 | Up ×1 | ||
| FPEI | $547,836 | 0.33% | 28,400 | $10,738 | |||
| PHYS | $543,240 | 0.33% | 18,000 | Up ×1 | |||
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | $487,118 | 0.29% | 5,233 | $-825,791 | Down ×1 | ||
| VCLT Vanguard Long-Term Corporate Bond ETF | $453,381 | 0.27% | 6,025 | $-38,303 | Down ×3 | ||
| HEWJ | $443,123 | 0.27% | 6,868 | $56,592 | |||
| EMXC iShares MSCI Emerging Markets ex China ETF | $408,177 | 0.25% | 3,990 | $129,170 | Up ×1 | ||
| RSP | $399,582 | 0.24% | 1,878 | $39,156 | |||
| GARP | $392,938 | 0.24% | 4,760 | Up ×1 | |||
| XLF XLF | $391,353 | 0.24% | 7,300 | $30,952 | |||
| V Visa Inc. | $374,311 | 0.23% | 1,091 | $44,567 | |||
| MGC | $366,117 | 0.22% | 1,338 | Up ×1 | |||
| ITA ITA | $348,358 | 0.21% | 1,437 | $34,014 | |||
| ICLN iShares Global Clean Energy ETF | $345,625 | 0.21% | 16,868 | $59,953 | Up ×1 | ||
| VWO | $335,517 | 0.20% | 5,621 | $31,702 | |||
| XLP XLP | $332,280 | 0.20% | 4,000 | $4,360 | |||
| CGW | $328,256 | 0.20% | 4,994 | $8,940 | |||
| ABBV AbbVie Inc. Common Stock | $325,874 | 0.20% | 1,295 | $58,405 | Up ×1 | ||
| IVE | $317,884 | 0.19% | 1,400 | $22,274 | |||
| IWM | $313,069 | 0.19% | 1,042 | $115,909 | Up ×1 | ||
| XLK XLK | $309,786 | 0.19% | 1,626 | $93,691 | |||
| XLY XLY | $304,928 | 0.18% | 2,600 | $21,580 | |||
| IAU | $293,960 | 0.18% | 3,893 | $-49,247 | |||
| KO Coca-Cola Company (The) Common Stock | $293,954 | 0.18% | 3,617 | $28,387 | Up ×1 | ||
| VO | $285,218 | 0.17% | 3,540 | $227,782 | Up ×1 | ||
| BAC Bank of America Corporation Common Stock | $283,248 | 0.17% | 4,971 | $60,412 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $263,620 | 0.16% | 468 | $-4,137 | |||
| KKR KKR & Co. Inc. Common Stock | $261,573 | 0.16% | 2,850 | $-2,052 | |||
| DIA | $261,195 | 0.16% | 500 | $29,698 | |||
| VEA | $250,658 | 0.15% | 3,518 | $48,037 | Up ×3 | ||
| ABT Abbott Laboratories Common Stock | $245,633 | 0.15% | 2,707 | $-30,562 | |||
| BKNG Booking Holdings Inc. - Common Stock | $236,168 | 0.14% | 1,325 | $214,611 | Up ×5 | ||
| BX Blackstone Inc. Common Stock | $235,340 | 0.14% | 2,000 | $7,471 | |||
| IBB IBB | $228,228 | 0.14% | 1,200 | $25,608 | |||
| SDG iShares MSCI Global Sustainable Development Goals ETF | $225,544 | 0.14% | 2,522 | $13,816 | |||
| VEU | $224,450 | 0.14% | 2,680 | $23,182 | |||
| MA Mastercard Incorporated Common Stock | $220,848 | 0.13% | 430 | $12,348 | Up ×1 | ||
| SHV iShares 0-1 Year Treasury Bond ETF | $220,700 | 0.13% | 2,000 | $-51,673 | Down ×1 | ||
| KGRN | $220,485 | 0.13% | 9,313 | $-46,006 | |||
| TSLA Tesla, Inc. - Common Stock | $216,188 | 0.13% | 514 | $39,235 | Up ×1 | ||
| SUSA | $207,225 | 0.12% | 1,343 | $29,815 | |||
| AVGO Broadcom Inc. - Common Stock | $202,474 | 0.12% | 536 | $36,577 | |||
| URTH | $198,992 | 0.12% | 982 | $68,838 | Up ×2 | ||
| RMD ResMed Inc. Common Stock | $198,388 | 0.12% | 1,018 | $-30,133 | |||
| C Citigroup, Inc. Common Stock | $195,944 | 0.12% | 1,400 | $37,917 | |||
| AEP American Electric Power Company, Inc. - Common Stock | $193,176 | 0.12% | 1,412 | $8,091 | |||
| IVV | $192,465 | 0.12% | 257 | $24,590 | |||
| EWC | $190,212 | 0.11% | 3,300 | Up ×1 | |||
| BNDX Vanguard Total International Bond ETF | $189,361 | 0.11% | 3,910 | $2,361 | |||
| BND Vanguard Total Bond Market ETF | $189,031 | 0.11% | 2,575 | $673 | |||
| BWZ | $183,612 | 0.11% | 7,271 | $-11,446 | |||
| INTC Intel Corporation - Common Stock | $182,915 | 0.11% | 1,310 | $125,105 | |||
| LLY Eli Lilly and Company Common Stock | $160,724 | 0.10% | 134 | $44,833 | Up ×1 | ||
| IEFA | $157,232 | 0.09% | 1,628 | $9,849 | |||
| YUM Yum! Brands, Inc. | $155,064 | 0.09% | 970 | $4,248 | |||
| GHYG | $152,763 | 0.09% | 3,373 | $2,164 | |||
| MO Altria Group, Inc. | $151,095 | 0.09% | 2,100 | $12,516 | |||
| QCOM QUALCOMM Incorporated - Common Stock | $150,604 | 0.09% | 815 | $54,019 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $150,529 | 0.09% | 1,101 | $-27,784 | Up ×1 | ||
| EBND | $150,310 | 0.09% | 7,185 | $3,467 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| PHYS | $543,240 | 18,000 | 0.33% |
| GARP | $392,938 | 4,760 | 0.24% |
| MGC | $366,117 | 1,338 | 0.22% |
| EWC | $190,212 | 3,300 | 0.11% |
| GDXJ | $103,163 | 1,050 | 0.06% |
| XNTK | $97,663 | 250 | 0.06% |
| ACWI | $95,752 | 610 | 0.06% |
| FEP | $94,703 | 1,660 | 0.06% |
| HEEM | $93,933 | 2,100 | 0.06% |
| AIA | $92,079 | 650 | 0.06% |
| FIXD | $87,220 | 2,000 | 0.05% |
| Unknown issuer (CUSIP: 438516205) | $80,156 | 358 | 0.05% |
| Unknown issuer (CUSIP: 43849R105) | $79,147 | 358 | 0.05% |
| FSMB | $59,970 | 3,000 | 0.04% |
| IPAC | $59,235 | 723 | 0.04% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| SPY | Bought more | +9K | +$9.9M |
| GLD | Trimmed | -9K | -$5.4M |
| FEZ | Trimmed | -31K | -$1.7M |
| GDX | Trimmed | -14K | -$1.7M |
| VSGX | Bought more | +8K | +$1.2M |
| EMB | Trimmed | -9K | -$826K |
| QQQ | Bought more | +113 | +$768K |
| CIBR | Trimmed | -4K | +$678K |
| VCSH | Bought more | +9K | +$598K |
| IGIB | Bought more | +10K | +$531K |
4 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ESGD | June 30, 2026 | 229,552 | $21,949,762 | |
| SUSB | June 30, 2026 | 457,113 | $11,370,000 | |
| IEF | June 30, 2026 | 28,863 | $2,736,498 | |
| SHV | Sept. 30, 2025 | 24,893 | $2,729,901 | |
| QQQ | June 30, 2025 | 4,599 | $2,156,563 | |
| NUMG | June 30, 2025 | 46,520 | $1,996,638 | No longer tracked |
| VCIT | June 30, 2025 | 21,809 | $1,783,104 | |
| SUSC | June 30, 2025 | 74,278 | $1,712,851 | |
| RNRG | June 30, 2026 | 31,504 | $1,162,687 | |
| PIO | June 30, 2026 | 11,497 | $499,201 | |
| XLE | Dec. 31, 2025 | 4,018 | $358,968 | No longer tracked |
| EA | Dec. 31, 2025 | 1,556 | $313,845 | No longer tracked |
| BGRN | June 30, 2025 | 5,959 | $282,218 | |
| VYM | March 31, 2026 | 1,555 | $223,174 | No longer tracked |
| ED | June 30, 2025 | 1,580 | $174,732 | 7.6% |
| AZN | March 31, 2026 | 1,900 | $174,667 | -16.1% |
| BSV | March 31, 2026 | 2,056 | $162,033 | No longer tracked |
| IXJ | June 30, 2025 | 1,660 | $151,392 | No longer tracked |
| FTSL | March 31, 2026 | 3,270 | $149,245 | |
| VNQ | June 30, 2026 | 1,669 | $148,040 | No longer tracked |
| IAGG | June 30, 2025 | 2,550 | $127,475 | No longer tracked |
| MDLZ | March 31, 2026 | 2,300 | $123,809 | 11.2% |
| USIG | June 30, 2026 | 2,117 | $107,602 | |
| EW | Sept. 30, 2025 | 1,300 | $101,673 | 14.9% |
| IEI | March 31, 2026 | 835 | $99,657 | |
| EMNT | June 30, 2025 | 961 | $94,899 | No longer tracked |
| PBW | June 30, 2025 | 5,000 | $78,700 | No longer tracked |
| ISHG | June 30, 2025 | 1,100 | $77,418 | |
| SCHP | June 30, 2026 | 2,882 | $76,338 | No longer tracked |
| YYY | June 30, 2026 | 6,400 | $69,857 | No longer tracked |
| CI | Dec. 31, 2025 | 210 | $60,533 | 0.6% |
| BIL | Sept. 30, 2025 | 650 | $59,219 | No longer tracked |
| BKLN | June 30, 2025 | 2,260 | $46,782 | No longer tracked |
| OIH | Sept. 30, 2025 | 200 | $46,058 | No longer tracked |
| TTE | Dec. 31, 2025 | 700 | $41,783 | 38.9% |
| SPYD | June 30, 2025 | 760 | $33,638 | No longer tracked |
| X | June 30, 2025 | 735 | $31,061 | No longer tracked |
| NKE | Dec. 31, 2025 | 400 | $27,892 | -36.3% |
| FUTU | Sept. 30, 2025 | 225 | $27,808 | -32.7% |
| HACK | June 30, 2025 | 355 | $25,489 | No longer tracked |
| PFE | Dec. 31, 2025 | 1,000 | $25,480 | 12.7% |
| QS | Dec. 31, 2025 | 2,000 | $24,640 | -42.5% |
| NVO | Sept. 30, 2025 | 340 | $23,467 | -15.8% |
| ECL | Sept. 30, 2025 | 87 | $23,441 | 2.5% |
| JNJ | Sept. 30, 2025 | 150 | $22,913 | 44.1% |
| XLE | June 30, 2026 | 360 | $22,054 | No longer tracked |
| DHR | June 30, 2026 | 110 | $20,856 | 12.4% |
| ROBO | June 30, 2025 | 360 | $18,540 | No longer tracked |
| ASHR | March 31, 2026 | 550 | $18,068 | No longer tracked |
| ETHA | March 31, 2026 | 550 | $12,337 | |
| VEEV | Dec. 31, 2025 | 40 | $11,916 | 11.0% |
| HUM | March 31, 2026 | 45 | $11,526 | 121.5% |
| IQV | Sept. 30, 2025 | 71 | $11,189 | 34.9% |
| CMG | March 31, 2026 | 300 | $11,100 | 12.1% |
| UNH | March 31, 2026 | 33 | $10,894 | 43.1% |
| TLT | Sept. 30, 2025 | 120 | $10,510 | |
| CMCSA | Sept. 30, 2025 | 286 | $10,115 | -15.8% |
| PLD | Sept. 30, 2025 | 94 | $9,881 | 23.4% |
| FISV | Sept. 30, 2025 | 53 | $9,138 | -60.0% |
| SPGI | March 31, 2026 | 17 | $8,884 | 2.0% |
| TMO | Sept. 30, 2025 | 21 | $8,515 | 27.9% |
| HSY | Sept. 30, 2025 | 50 | $8,298 | 0.5% |
| DLTR | June 30, 2026 | 74 | $8,104 | 7.7% |
| WAT | Sept. 30, 2025 | 22 | $7,679 | 32.7% |
| SOLS | March 31, 2026 | 150 | $7,287 | -25.0% |
| URI | March 31, 2026 | 9 | $7,284 | 51.9% |
| NEE | June 30, 2025 | 100 | $7,089 | 22.4% |
| OTIS | March 31, 2026 | 75 | $6,551 | -6.7% |
| HUBS | Sept. 30, 2025 | 9 | $5,010 | -50.1% |
| REGN | Sept. 30, 2025 | 8 | $4,200 | 49.0% |
| BAH | March 31, 2026 | 48 | $4,049 | -1.6% |
| H | Sept. 30, 2025 | 27 | $3,771 | 28.5% |
| VLTO | June 30, 2026 | 36 | $3,183 | 11.8% |
| PCAR | Sept. 30, 2025 | 33 | $3,137 | 33.1% |
| MRP | June 30, 2025 | 84 | $2,227 | 7.5% |
| HCA | Sept. 30, 2025 | 5 | $1,916 | -2.4% |
| CPRT | Sept. 30, 2025 | 31 | $1,521 | -23.7% |
| PNC | Sept. 30, 2025 | 8 | $1,479 | 21.4% |
| PANW | Sept. 30, 2025 | 6 | $1,228 | 69.0% |
| LRCX | Sept. 30, 2025 | 10 | $973 | 134.5% |
| COR | Sept. 30, 2025 | 3 | $900 | 1.4% |
| GEN | Sept. 30, 2025 | 20 | $588 | -1.1% |
| BFAM | Sept. 30, 2025 | 4 | $494 | -32.7% |