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Mason & Associates, LLC

2 BAYPORT WAY SUITE 110, NEWPORT NEWS, VA 23606 • 757-223-9898

Q4 2025 · Filed 2026-01-21
Market Value
$440M
+10.4%
Holdings
43
+2
New Purchases
2
Added To
6
Closed
4
Reduced
26
Top 10 Concentration
91.4%
Turnover
14.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVDE 2.60% 0.00% +2.60% $11M
IUSB 29.96% 28.28% +1.68% $132M
PYLD 5.85% 5.37% +0.48% $26M
IAGG 3.99% 3.84% +0.15% $18M
TFC 0.11% 0.00% +0.11% $499K
AAPL 0.46% 0.38% +0.08% $2M
D 0.27% 0.25% +0.02% $1M
JPM 0.05% 0.05% +0.00% $240K
MGK 0.08% 0.08% +0.00% $353K
VUG 0.14% 0.14% +0.00% $601K
CSX 0.14% 0.14% +0.00% $599K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VV 30.52% 33.79% -3.27% $134M
VO 5.06% 5.65% -0.59% $22M
VB 2.74% 2.93% -0.19% $12M
VTEB 0.80% 0.93% -0.13% $4M
AOM 0.00% 0.10% -0.10% $0
MINO 0.44% 0.51% -0.08% $2M
VT 0.00% 0.07% -0.07% $0
DYNF 5.32% 5.38% -0.06% $23M
SPY 0.86% 0.92% -0.06% $4M
IVW 0.99% 1.04% -0.05% $4M
AOR 0.00% 0.05% -0.05% $0
IWM 0.00% 0.05% -0.05% $0
SPDW 4.04% 4.09% -0.05% $18M
SPEM 1.35% 1.40% -0.04% $6M
SCHB 0.58% 0.62% -0.04% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 98.5%
Technology 0.5%
Utilities 0.5%
Industrials 0.3%
Consumer Cyclical 0.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $35M 7.9%
Large Cap 27 $400M 90.9%
Mid Cap 2 $3M 0.7%
Small Cap 2 $2M 0.4%

Portfolio Analytics

Avg Market Cap
$368.5B
Median Market Cap
$60.3B
Avg P/E
20.7
Median P/E
19.5
Avg Dividend Yield
0.03%
Avg Beta
0.95
# Stocks
10
# ETFs / Funds
33

Top Holdings (43 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VV 30.52% 426,437 $134M $314.80 -$345K -45,304 -9.6%
2 IUSB 29.96% 2,831,120 $132M $46.54 $19M +395,303 +16.2%
3 PYLD 5.85% 963,823 $26M $26.68 $4M +157,825 +19.6%
4 DYNF 5.32% 384,460 $23M $60.81 $2M -8,688 -2.2%
5 VO 5.06% 76,753 $22M $290.22 -$226K -3,658 -4.5%
6 SPDW 4.04% 400,124 $18M $44.41 $1M -2,310 -0.6%
7 IAGG 3.99% 350,806 $18M $50.01 $2M +51,263 +17.1%
8 VB 2.74% 46,741 $12M $257.95 $376K -2,548 -5.2%
9 AVDE 2.60% 139,013 $11M $82.32 +139,013 NEW
10 SPEM 1.35% 127,249 $6M $46.81 $390K -2,993 -2.3%
11 IVW 0.99% 35,296 $4M $123.26 $198K -2,425 -6.4%
12 IVV 0.88% 5,661 $4M $684.94 $258K -168 -2.9%
13 SPY 0.86% 5,558 $4M $681.92 $134K -359 -6.1%
14 VTEB 0.80% 69,689 $4M $50.29 -$206K -5,996 -7.9%
15 IWL 0.70% 18,065 $3M $170.63 $175K -921 -4.8%
16 SCHB 0.58% 97,031 $3M $26.23 $87K -6,131 -5.9%
17 AAPL 0.46% 7,386 $2M $271.86 $491K -6 -0.1%
18 IWY 0.44% 6,983 $2M $276.94 $103K -446 -6.0%
19 MINO 0.44% 42,296 $2M $45.32 -$128K -3,934 -8.5%
20 IVE 0.32% 6,614 $1M $212.07 $3K -549 -7.7%
21 D 0.27% 20,192 $1M $58.59 $176K +2,380 +13.4%
22 IWR 0.22% 10,272 $989K $96.27 -$54K -1,064 -9.4%
23 SCHX 0.16% 25,671 $691K $26.91 -$5K -2,798 -9.8%
24 VTI 0.14% 1,899 $637K $335.27 $9K -165 -8.0%
25 VUG 0.14% 1,231 $601K $487.86 $60K -1 -0.1%
26 CSX 0.14% 16,521 $599K $36.25 $60K
27 IWV 0.13% 1,462 $566K $386.85 -$62K -326 -18.2%
28 TFC 0.11% 10,142 $499K $49.21 +10,142 NEW
29 MGC 0.11% 1,900 $477K $251.17 $18K -140 -6.9%
30 VTV 0.09% 2,074 $396K $190.99 $15K -82 -3.8%
31 BRK-B 0.09% 755 $380K $502.65 $13K
32 IWP 0.08% 2,682 $367K $136.94 -$60K -400 -13.0%
33 MGK 0.08% 855 $353K $412.77 $40K
34 DUK 0.07% 2,672 $313K $117.21 -$40K -323 -10.8%
35 IBM 0.06% 932 $276K $296.21 $1K
36 UPS 0.06% 2,690 $267K $99.19 -$5K
37 JPM 0.05% 744 $240K $322.22 $32K +29 +4.1%
38 MSFT 0.05% 453 $219K $483.62 $8K +28 +6.6%
39 VOO 0.05% 342 $214K $627.13 $14K -11 -3.1%
40 IWM —% -$207K -959 -100.0% SOLD
41 AOR —% -$211K -3,421 -100.0% SOLD
42 VT —% -$268K -2,085 -100.0% SOLD
43 AOM —% -$381K -8,271 -100.0% SOLD

New Positions

SymbolValue% Port
AVDE $11M 2.60%
TFC $499K 0.11%

Sold Out Positions

SymbolValue% Port
AOM —%
IWM —%
VT —%
AOR —%
View SEC EDGAR Filings for Mason & Associates, LLC →

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