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Asset Manager ← All Institutions

Refined Wealth Management

515 SOUTH 1000 E SUITE L-2, SALT LAKE CITY, UT 84102 • 385.351.0200

Q3 2025 · Filed 2025-10-21
Market Value
$156M
+7.0%
Holdings
36
+3
New Purchases
3
Added To
16
Closed
0
Reduced
9
Top 10 Concentration
77.8%
Turnover
8.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XRPI 1.79% 0.00% +1.79% $3M
OSTK 2.62% 1.98% +0.64% $4M
VEA 0.32% 0.00% +0.32% $492K
BITB 7.51% 7.22% +0.28% $12M
XMAG 0.22% 0.00% +0.22% $340K
ENVX 5.12% 4.91% +0.21% $8M
GLD 3.73% 3.52% +0.21% $6M
AAPL 0.47% 0.39% +0.08% $726K
NVDA 0.59% 0.53% +0.06% $911K
TSLA 0.19% 0.15% +0.05% $297K
BRK-B 0.28% 0.23% +0.04% $432K
GLDM 0.15% 0.14% +0.01% $235K
ETN 0.15% 0.14% +0.01% $240K
NXE 0.06% 0.05% +0.01% $98K
VB 2.30% 2.29% +0.01% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
COIN 12.59% 14.15% -1.56% $20M
BNDX 9.96% 11.41% -1.45% $16M
VSGX 10.73% 10.96% -0.23% $17M
SRLN 5.85% 6.02% -0.17% $9M
VTV 7.79% 7.92% -0.13% $12M
TLT 3.39% 3.46% -0.07% $5M
BIV 5.11% 5.17% -0.06% $8M
VO 2.50% 2.56% -0.06% $4M
VCLT 3.38% 3.43% -0.05% $5M
AMZN 0.61% 0.65% -0.04% $943K
FTSM 0.57% 0.61% -0.04% $887K
QQQ 9.44% 9.47% -0.03% $15M
NULG 0.80% 0.83% -0.03% $1M
META 0.17% 0.19% -0.01% $270K
UNP 0.37% 0.38% -0.01% $577K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 83.5%
Energy 10.0%
Industrials 3.3%
Consumer Cyclical 1.8%
Technology 1.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 11 $36M 23.1%
Large Cap 10 $59M 37.9%
Mid Cap 10 $45M 29.2%
Small Cap 3 $12M 7.8%
Micro Cap 2 $3M 2.0%

Portfolio Analytics

Avg Market Cap
$574.3B
Median Market Cap
$50.4B
Avg P/E
68.3
Median P/E
32.8
Avg Dividend Yield
0.00%
Avg Beta
1.31
# Stocks
14
# ETFs / Funds
22

Top Holdings (36 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 COIN 12.59% 58,056 $20M $337.49 -$997K -692 -1.2%
2 VSGX 10.73% 240,811 $17M $69.37 $761K -2,614 -1.1%
3 BNDX 9.96% 313,503 $16M $49.46 -$1M -21,891 -6.5%
4 QQQ 9.44% 24,473 $15M $600.37 $909K -514 -2.1%
5 VTV 7.79% 65,001 $12M $186.49 $597K -210 -0.3%
6 BITB 7.51% 187,728 $12M $62.22 $1M +8,353 +4.7%
7 SRLN 5.85% 219,125 $9M $41.58 $350K +8,474 +4.0%
8 ENVX 5.12% 799,290 $8M $9.97 $822K +108,129 +15.6%
9 BIV 5.11% 101,797 $8M $78.09 $430K +4,575 +4.7%
10 GLD 3.73% 16,309 $6M $355.47 $680K -480 -2.9%
11 TLT 3.39% 58,962 $5M $89.37 $237K +1,936 +3.4%
12 VCLT 3.38% 67,699 $5M $77.65 $273K +2,030 +3.1%
13 OSTK 2.62% 416,058 $4M $9.79 $1M -3,091 -0.7%
14 VO 2.50% 13,232 $4M $293.73 $169K -53 -0.4%
15 VB 2.30% 14,092 $4M $254.28 $246K +11 +0.1%
16 XRPI 1.79% 160,851 $3M $17.28 +160,851 NEW
17 NULG 0.80% 12,505 $1M $99.45 $36K -348 -2.7%
18 VOO 0.77% 1,963 $1M $612.31 $89K +4 +0.2%
19 AMZN 0.61% 4,293 $943K $219.57 $3K +10 +0.2%
20 NVDA 0.59% 4,885 $911K $186.58 $142K +15 +0.3%
21 FTSM 0.57% 14,811 $887K $59.91 $592
22 AAPL 0.47% 2,850 $726K $254.65 $162K +100 +3.6%
23 UNP 0.37% 2,440 $577K $236.37 $22K +28 +1.2%
24 VEA 0.32% 8,204 $492K $59.92 +8,204 NEW
25 BRK-B 0.28% 860 $432K $502.74 $93K +162 +23.2%
26 XMAG 0.22% 15,350 $340K $22.15 +15,350 NEW
27 TSLA 0.19% 668 $297K $444.72 $85K
28 META 0.17% 368 $270K $734.38 -$1K
29 SUSA 0.16% 1,833 $249K $135.65 $16K
30 ETN 0.15% 641 $240K $374.25 $32K +59 +10.1%
31 GLDM 0.15% 3,072 $235K $76.45 $34K
32 XSOE 0.15% 6,039 $229K $37.94 $21K +8 +0.1%
33 IBIT 0.15% 3,510 $228K $65.00 $15K +25 +0.7%
34 NXE 0.06% 11,000 $98K $8.95 $22K
35 DNN 0.02% 10,850 $30K $2.75 $10K
36 URG 0.01% 10,800 $19K $1.79 $8K

New Positions

SymbolValue% Port
XRPI $3M 1.79%
VEA $492K 0.32%
XMAG $340K 0.22%
View SEC EDGAR Filings for Refined Wealth Management →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms