Most 13F analysis focuses on hedge funds. Rehmann Capital Advisory Group’s Q4 2025 filing shows the other side — and it’s arguably more instructive.
The Core: Asset Allocation ETFs
| Position | Ticker | Role | Weight |
|---|---|---|---|
| iShares S&P 500 Value | IVE | Value factor | 8.2% |
| iShares S&P 500 Growth | IVW | Growth factor | 5.8% |
| iShares Core MSCI EAFE | IEFA | International | 5.2% |
| Vanguard S&P 500 | VOO | U.S. beta | 4.5% |
| Fidelity Total Bond | FBND | Fixed income | 4.0% |
Top-5 at 27.7% across 300 positions. Advisory model portfolio.
The Growth Overlay
| Change | Detail |
|---|---|
| Netflix | +810% by share count |
| XLK (Tech ETF) | +104% |
| QQQ | New position at $14.35B |
| IWR (Mid-cap) | +179% |
The Funding Source
Trimmed: MUNI, AGG, JAAA (bonds). Classic risk-budget trade.
The Netflix Signal
Netflix +810% makes Rehmann the sixth mega-filer to build a massive NFLX position in Q4 2025.
Originally published at 13finsight.com
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