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NATIONS FINANCIAL GROUP INC, /IA/ /ADV — 13F Holdings & Portfolio

CIK 1109767 · latest 13F-HR filed 2026-07-23

Backtest portfolio

NATIONS FINANCIAL GROUP INC, /IA/ /ADV manages $2.09B in 13F-reported U.S. long-equity assets across 789 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (2.68%), NVDA (2.46%), AAPL (2.46%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 72 new positions and exited 56; 425 existing positions rose in reported value and 142 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$2.09B

Long-equity book

Holdings
789

Distinct positions

Period
2026-06-30

Filed 2026-07-23

Q/Q Activity
+72 / −56 / ↑425 / ↓142

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
IVV2.7% · +1%NVDA2.5% · -6%AAPL2.5% · +4%QQQ1.8% · -2%GOOGL1.7% · -3%FBCG1.6% · +7%SPY1.6% · +2%VUG1.5% · +504%IWV1.4% · -4%XLK1.4% · +0%MSFT1.4% · +0%BRK.B1.2% · -2%IJH1.2% · -29%AMZN1.1% · +1%AVGO1.1% · -0%VYM1.0% · +0%DIA0.9% · +2%META0.9% · +1%VWO0.9% · +1%JPM0.9% · +1%VO0.8% · +309%CGDV0.7% · +3%SCHX0.7% · +4%IMCG0.7% · +5%JCPB0.7% · +11%VOO0.7% · +4%LLY0.6% · +61%KLAC0.6% · +637%MU0.6% · -4%GLD0.6% · +2%VTV0.6% · +2%IJJ0.6% · -1%AVLV0.6% · +5%IJR0.6% · -12%GLW0.6% · +13%CORZ0.5% · +81%GOOG0.5% · -1%XOM0.5% · -6%TCAF0.5% · +2%AMD0.5% · -22%IEFA0.5% · +3%SPMO0.5% · -5%COST0.5% · -1%IEI0.5% · +15%VEA0.5% · +2%V0.5% · -4%TSM0.5% · +2%JNJ0.5% · +5%SDVY0.4% · -5%CVX0.4% · -19%RSP0.4% · -7%VIG0.4% · +3%FBND0.4% · +7%EPD0.4% · -4%OBIL0.4% · +17%SPYM0.4% · -10%CSCO0.4% · +2%LRCX0.4% · +64%ITOT0.4% · -1%BKDV0.4% · +20%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 18.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 18, 2026.

Assets Under Management
$4.77B
Discretionary
$3.70B
Employees
94
Accounts
10,535
Address
3925 FOUNTAINS BLVD NE
SUITE 200
CEDAR RAPIDS, IA 52411
Phone
(319) 393-9541
Website
Name Title / Status Ownership Type
BENNETT, RICHARD SCOTT ControlCEO - CFO
since Jan 1998
Less than 5%Individual
CAIRNEY, STEPHEN MICHAEL ControlPRESIDENT
since Mar 2025
Less than 5%Individual
KROUSIE, TRACEY LYNN ControlCHIEF OPERATIONS OFFICER
since Oct 2025
Less than 5%Individual
NFGI HOLDING CORPORATION ControlHOLDING CORPORATION
since Jan 2014
75% or moreDomestic Entity
REIGHARD-KEAN, VICKI LIN ControlCHIEF COMPLIANCE OFFICER
since Aug 2025
Less than 5%Individual
BJORSETH, ERIK JOHNCHIEF GROWTH OFFICER
since Jan 2014
Less than 5%Individual
BENNETT, RICHARD SCOTT Control
Indirect owner via NFGI HOLDING CORPORATION
SHAREHOLDER
since Jan 2014
75% or moreIndividual
Ownership & leadership changes · 8 filings with changes since Mar 2, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Oct 10, 2025 filing
  • AddedKROUSIE, TRACEY LYNN · CHIEF OPERATIONS OFFICER · Less than 5% · control person
Sep 18, 2025 filing
  • AddedREIGHARD-KEAN, VICKI LIN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedCAIRNEY, STEPHEN MICHAEL · title PRESIDENT - CCO → PRESIDENT
Mar 26, 2025 filing
  • No longer listedBUSH, BRENDA MARIE · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jun 2021
  • ChangedBENNETT, RICHARD SCOTT · title PRESIDENT - CFO → CEO - CFO
  • ChangedCAIRNEY, STEPHEN MICHAEL · title CHIEF OPERATING OFFICER → PRESIDENT - CCO; now a control person
Jun 25, 2021 filing
  • No longer listedWILKINSON, BRIAN MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Mar 2017
  • AddedBUSH, BRENDA MARIE · CHIEF COMPLIANCE OFFICER · Less than 5%
Dec 27, 2018 filing
  • No longer listedMILLER, LESLIE DANIEL · DIRECTOR OF INFORMATION TECHNOLOGY · Less than 5% · listed since Jan 2014
Mar 30, 2017 filing
  • Listed againWILKINSON, BRIAN MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedCAIRNEY, STEPHEN MICHAEL · title CHIEF COMPLIANCE OFFICER → CHIEF OPERATING OFFICER
  • ChangedMILLER, LESLIE DANIEL · title DIRECTOR OF INFORMATION TECHNOLOGY & OPERATIONS → DIRECTOR OF INFORMATION TECHNOLOGY
Mar 30, 2015 filing
  • No longer listedJOHNSON, MARY JANE · TRUSTEE OF THE KENT W JOHNSON TRUST · 75% or more · indirect via THE KENT W JOHNSON TRUST · control person · listed since Mar 2012
  • No longer listedTHE KENT W JOHNSON TRUST · SHAREHOLDER · 25–50% · indirect via NFGI HOLDING CORPORATION · control person · listed since Jan 2014
  • ChangedBENNETT, RICHARD SCOTT · indirect via NFGI HOLDING CORPORATION: ownership 50–75% → 75% or more
Jan 14, 2014 filing
  • No longer listedESTATE OF KENT JOHNSON · SHAREHOLDER · 25–50% · control person · listed since Mar 2009
  • No longer listedJOHNSON, MARY · EXECUTRIX OF ESTATE OF KENT JOHNSON · Less than 5% · control person · listed since Mar 2009
  • No longer listedVAWTER, MATTHEW BRENT · HEAD OF TRADING DEPARTMENT · Less than 5% · listed since Aug 2011
  • No longer listedWILKINSON, BRIAN MICHAEL · DIRECTOR OF REPRESENTATIVE RELATIONSHIPS · Less than 5% · listed since Sep 2000
  • AddedBENNETT, RICHARD SCOTT · SHAREHOLDER · 50–75% · indirect via NFGI HOLDING CORPORATION · control person
  • AddedJOHNSON, MARY JANE · TRUSTEE OF THE KENT W JOHNSON TRUST · 75% or more · indirect via THE KENT W JOHNSON TRUST · control person
  • AddedMILLER, LESLIE DANIEL · DIRECTOR OF INFORMATION TECHNOLOGY & OPERATIONS · Less than 5%
  • AddedNFGI HOLDING CORPORATION · HOLDING CORPORATION · 75% or more · control person
  • AddedTHE KENT W JOHNSON TRUST · SHAREHOLDER · 25–50% · indirect via NFGI HOLDING CORPORATION · control person
  • ChangedBENNETT, RICHARD SCOTT · title PRESIDENT → PRESIDENT - CFO; ownership 50–75% → Less than 5%
  • ChangedBJORSETH, ERIK JOHN · title DIRECTOR OF ADVISORY SERVICES → CHIEF GROWTH OFFICER
Mar 2, 2012 filing (earliest on record)
  • ListedBENNETT, RICHARD SCOTT · PRESIDENT · 50–75% · control person
  • ListedBJORSETH, ERIK JOHN · DIRECTOR OF ADVISORY SERVICES · Less than 5%
  • ListedCAIRNEY, STEPHEN MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedESTATE OF KENT JOHNSON · SHAREHOLDER · 25–50% · control person
  • ListedJOHNSON, MARY · EXECUTRIX OF ESTATE OF KENT JOHNSON · Less than 5% · control person
  • ListedVAWTER, MATTHEW BRENT · HEAD OF TRADING DEPARTMENT · Less than 5%
  • ListedWILKINSON, BRIAN MICHAEL · DIRECTOR OF REPRESENTATIVE RELATIONSHIPS · Less than 5%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

NATIONS FINANCIAL GROUP INC, /IA/ /ADV Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES CORE S&P 500 ETF IVV 464287200 $56.1M 2.68% 74,901 SH
2 NVIDIA CORPORATION COM NVDA 67066G104 $51.5M 2.46% 257,336 SH
3 APPLE INC COM AAPL 037833100 $51.4M 2.46% 177,677 SH
4 INVESCO QQQ TRUST SERIES I QQQ 46090E103 $38.0M 1.82% 51,660 SH
5 ALPHABET INC CAP STK CL A GOOGL 02079K305 $36.4M 1.74% 101,726 SH
6 FIDELITY BLUE CHIP GROWTH ETF FBCG 316092352 $34.4M 1.64% 553,610 SH
7 STATE STREET SPDR S&P 500 ETF SPY 78462F103 $34.3M 1.64% 45,987 SH
8 VANGUARD GROWTH ETF VUG 922908736 $31.4M 1.50% 364,203 SH
9 ISHARES RUSSELL 3000 ETF IWV 464287689 $29.3M 1.40% 68,656 SH
10 STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF XLK 81369Y803 $29.1M 1.39% 152,811 SH
11 MICROSOFT CORP COM MSFT 594918104 $29.1M 1.39% 77,996 SH
12 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $25.6M 1.22% 51,206 SH
13 ISHARES CORE S&P MID-CAP ETF IJH 464287507 $25.1M 1.20% 325,484 SH
14 AMAZON COM INC COM AMZN 023135106 $23.7M 1.13% 99,436 SH
15 BROADCOM INC COM AVGO 11135F101 $22.2M 1.06% 58,684 SH
16 VANGUARD HIGH DIVIDEND YIELD INDEX ETF VYM 921946406 $20.9M 1.00% 132,109 SH
17 STATE STREET SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST DIA 78467X109 $19.6M 0.93% 37,426 SH
18 META PLATFORMS INC CL A META 30303M102 $18.8M 0.90% 33,408 SH
19 VANGUARD FTSE EMERGING MARKETS ETF VWO 922042858 $18.3M 0.87% 305,790 SH
20 JPMORGAN CHASE & CO COM JPM 46625H100 $17.9M 0.86% 54,774 SH
21 VANGUARD MID-CAP ETF VO 922908629 $16.3M 0.78% 202,011 SH
22 CAPITAL GROUP DIVIDEND VALUE ETF CGDV 14020W106 $15.5M 0.74% 314,047 SH
23 SCHWAB U.S. LARGE-CAP ETF SCHX 808524201 $14.4M 0.69% 490,607 SH
24 ISHARES MORNINGSTAR MID-CAP GROWTH ETF IMCG 464288307 $14.3M 0.68% 145,713 SH
25 JPMORGAN CORE PLUS BOND ETF JCPB 46641Q670 $14.2M 0.68% 303,529 SH
26 VANGUARD S&P 500 ETF VOO 922908363 $13.7M 0.65% 19,884 SH
27 ELI LILLY & CO COM LLY 532457108 $13.5M 0.65% 11,271 SH
28 KLA CORP COM NEW KLAC 482480100 $13.3M 0.64% 44,202 SH
29 MICRON TECHNOLOGY INC COM MU 595112103 $12.6M 0.60% 10,949 SH
30 SPDR GOLD SHARES GLD 78463V107 $12.4M 0.59% 33,718 SH
31 VANGUARD VALUE ETF VTV 922908744 $12.0M 0.57% 55,208 SH
32 ISHARES S&P MID-CAP 400 VALUE ETF IJJ 464287705 $11.8M 0.57% 80,133 SH
33 AVANTIS U.S. LARGE CAP VALUE ETF AVLV 025072349 $11.8M 0.56% 129,630 SH
34 ISHARES CORE S&P SMALL CAP ETF IJR 464287804 $11.8M 0.56% 79,415 SH
35 CORNING INC COM GLW 219350105 $11.6M 0.55% 45,238 SH
36 CORE SCIENTIFIC INC NEW COM CORZ 21874A106 $11.3M 0.54% 441,939 SH
37 ALPHABET INC CAP STK CL C GOOG 02079K107 $11.1M 0.53% 31,522 SH
38 EXXONMOBIL HOLDINGS CORP COM SHS XOM 30233Q108 $10.9M 0.52% 79,922 SH
39 T. ROWE PRICE CAPITAL APPRECIATION EQUITY ETF TCAF 87283Q867 $10.9M 0.52% 265,218 SH
40 ADVANCED MICRO DEVICES INC COM AMD 007903107 $10.9M 0.52% 18,742 SH
41 ISHARES CORE MSCI EAFE ETF IEFA 46432F842 $10.7M 0.51% 110,385 SH
42 INVESCO S&P 500 MOMENTUM ETF SPMO 46138E339 $10.5M 0.50% 65,241 SH
43 COSTCO WHOLESALE CORPORATION COM COST 22160K105 $10.5M 0.50% 11,234 SH
44 ISHARES 3-7 YEAR TREASURY BOND ETF IEI 464288661 $10.4M 0.50% 88,452 SH
45 VANGUARD FTSE DEVELOPED MARKETS ETF VEA 921943858 $10.0M 0.48% 140,368 SH
46 VISA INC COM CL A V 92826C839 $9.7M 0.46% 28,232 SH
47 TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS TSM 874039100 $9.7M 0.46% 20,228 SH
48 JOHNSON & JOHNSON COM JNJ 478160104 $9.5M 0.45% 37,265 SH
49 FIRST TRUST SMID CAP RISING DIVIDEND ACHIEVERS ETF SDVY 33741X102 $9.2M 0.44% 214,270 SH
50 CHEVRON CORPORATION COM CVX 166764100 $9.2M 0.44% 55,320 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-23 $2.09B 789 0001109767-26-000009
2026-03-31 2026-04-15 $1.94B 773 0001109767-26-000007
2025-12-31 2026-01-26 $1.90B 746 0001109767-26-000002
Filer Information
Address
3925 FOUNTAINS BLVD NE
SUITE 200
CEDAR RAPIDS, IA 52411
Phone
(319) 393-9541
Filing Manager
NATIONS FINANCIAL GROUP INC, /IA/ /ADV
CEDAR RAPIDS, IA
Signatory
Joseph Schuessler
Business Support Specialist