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Portfolio (Quarterly) Guide ↗

Valmark Advisers, Inc.

· CIK 0001380443
13F Portfolio $8.1B AUM Filed Jan 26, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 657 New
Page 32 of 33  ·  657 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
621 BDVL BLACKROCK ETF TRUST — 8,928.0 $221K 0.00% NEW — $24.81 +6.4%
622 PPG PPG INDS INC Basic Materials 2,158.0 $221K 0.00% NEW — $102.46 +4.9%
623 FMB FIRST TR EXCH TRADED FD III — 4,285.0 $219K 0.00% NEW — $51.14 -6.0%
624 HWM HOWMET AEROSPACE INC Industrials 1,055.0 $216K 0.00% NEW — $204.99 +13.4%
625 BSCU INVESCO EXCH TRD SLF IDX FD — 12,755.0 $216K 0.00% NEW — $16.92 -4.3%
626 CIBR FIRST TR EXCHANGE TRADED FD — 2,998.0 $214K 0.00% NEW — $71.45 +41.3%
627 IJT ISHARES TR — 1,518.0 $214K 0.00% NEW — $141.11 +15.3%
628 NRG NRG ENERGY INC Utilities 1,343.0 $214K 0.00% NEW — $159.24 -37.0%
629 — PUTNAM ETF TRUST — 18,442.0 $213K 0.00% NEW — $11.57 —
630 CARR CARRIER GLOBAL CORPORATION Industrials 4,038.0 $213K 0.00% NEW — $52.84 +6.7%
631 GM GENERAL MTRS CO Consumer Cyclical 2,615.0 $213K 0.00% NEW — $81.32 +1.6%
632 DVN DEVON ENERGY CORP NEW Energy 5,783.0 $212K 0.00% NEW — $36.63 +28.4%
633 PLD PROLOGIS INC. Real Estate 1,657.0 $212K 0.00% NEW — $127.66 +4.2%
634 GDX VANECK ETF TRUST — 2,457.0 $211K 0.00% NEW — $85.77 +8.3%
635 TREX TREX CO INC Industrials 6,005.0 $211K 0.00% NEW — $35.08 +27.7%
636 IYE ISHARES TR — 4,393.0 $209K 0.00% NEW — $47.53 +37.6%
637 ECL ECOLAB INC Basic Materials 794.0 $208K 0.00% NEW — $262.52 +6.5%
638 RHP RYMAN HOSPITALITY PPTYS INC Real Estate 2,200.0 $208K 0.00% NEW — $94.62 +28.4%
639 IMCB ISHARES TR — 2,501.0 $207K 0.00% NEW — $82.71 +16.0%
640 QQQM INVESCO EXCH TRADED FD TR II — 817.0 $207K 0.00% NEW — $252.77 +21.3%
Page 32 of 33  ·  657 positions

① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 33.8%
Financial Services 19.5%
Industrials 9.8%
Consumer Cyclical 9.5%
Healthcare 8.7%
Consumer Defensive 6.9%
Communication Services 4.4%
Energy 3.5%
Utilities 2.8%
Basic Materials 0.8%