Top Institutional Investors

Donald L. Hagan, LLC — 13F Holdings & Portfolio

CIK 1638049 · latest 13F-HR filed 2025-10-16

Backtest portfolio

Donald L. Hagan, LLC manages $203.7M in 13F-reported U.S. long-equity assets across 86 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are SSUS (16.12%), DHSB (9.27%), SSXU (9.25%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 5 new positions and exited 7; 26 existing positions rose in reported value and 20 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
$203.7M

Long-equity book

Holdings
86

Distinct positions

Period
2025-09-30

Filed 2025-10-16

Q/Q Activity
+5 / −7 / ↑26 / ↓20

vs 2025-06-30

Portfolio charts

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

Portfolio map

Q3 25
SSUS16.1% · -3%DHSB9.3% · +6%SSXU9.2% · -1%SSFI6.1% · -2%BIL5.1% · +27%UPS5.0% · 0%XLK3.2% · +4%SPYM3.2% · -6%GOOGL1.4% · -24%META1.2% · -34%XLF1.2% · +46%XLY1.1% · -10%BNY1.0% · -3%UDEC0.9% · -6%JPM0.9% · -3%QCOM0.9% · -3%MAXJ0.9% · newXLV0.9% · +41%FEBM0.9% · -6%XLC0.9% · -41%BRK.B0.9% · -2%CSCO0.9% · -7%BX0.8% · 0%O0.8% · -4%GS0.8% · -3%OC0.8% · -3%AAPL0.8% · 0%KMI0.7% · -3%ZM0.7% · -4%SSB0.7% · 0%MRK0.7% · +107%BLK0.7% · -3%CTSH0.7% · -3%DOX0.7% · -3%HSY0.7% · -3%NFG0.7% · -3%CMCSA0.7% · -3%XLP0.6% · -25%CLX0.6% · -3%ULTA0.6% · -3%SJM0.6% · -3%CBT0.6% · -4%SEIC0.6% · -3%DE0.6% · -4%DBX0.6% · -4%CF0.5% · -3%XOM0.5% · +8%VICI0.5% · -3%SPMB0.5% · +1%SBUX0.5% · -3%CVX0.5% · -3%PEP0.5% · -3%BMY0.5% · newSEPM0.4% · -6%PSA0.4% · -4%SMAY0.4% · -6%SPTI0.4% · -2%AMZN0.4% · -0%CTRA0.4% · -3%LLY0.4% · 0%

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

Q2 25 → Q3 25

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

2 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 = 60.1%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Oct 23, 2025.

Assets Under Management
$842.8M
Discretionary
$842.2M
Employees
10
Accounts
587
Address
1000 S. TAMIAMI TRAIL
SARASOTA, FL 34236
Phone
(941) 330-1702
Website
Name Title / Status Ownership Type
ASHTON THOMAS MANAGEMENT LLC ControlMEMBER
since Mar 2010
75% or moreDomestic Entity
Bloudek, Erica ControlCOO
since Jan 2024
Less than 5%Individual
Brodt, Aaron ControlCEO
since Mar 2010
Less than 5%Individual
GORNEY, DRINAN, J. ControlCHIEF ADMINISTRATIVE OFFICER AND GENERAL COUNSEL
since Sep 2024
Less than 5%Individual
Brodt, Heidi, MariaBUSINESS MANAGER
since Jan 2013
Less than 5%Individual
HATFIELD, DAVID, T.CHIEF TECHNOLOGY OFFICER
since Dec 2017
Less than 5%Individual
Schlanger, Cynthia-Elaine, LealCHIEF COMPLIANCE OFFICER
since Jan 2025
Less than 5%Individual
ARAX BUSINESS TRUST Control
Indirect owner via ARAX INVESTMENT PARTNERS, LLC
MEMBER
since Mar 2023
75% or moreDomestic Entity
ARAX INVESTMENT PARTNERS, LLC Control
Indirect owner via ARAX MIDCO, LLC
MEMBER
since Jun 2023
75% or moreDomestic Entity
ARAX MIDCO, LLC Control
Indirect owner via ARAX WEALTH MANAGEMENT, LLC
MEMBER
since Jun 2023
75% or moreDomestic Entity
ARAX WEALTH MANAGEMENT, LLC Control
Indirect owner via ASHTON THOMAS MANAGEMENT LLC
MEMBER
since Aug 2023
50–75%Domestic Entity
HANA HOLDINGS, LLC Control
Indirect owner via ASHTON THOMAS MANAGEMENT LLC
MEMBER
since Sep 2017
General partner, trustee or managerDomestic Entity
REDBIRD CAPITAL PARTNERS FUND IV GENPAR LLC Control
Indirect owner via ARAX BUSINESS TRUST
MEMBER
since Jan 2023
General partner, trustee or managerDomestic Entity
WEALTHVISION, LLC Control
Indirect owner via ASHTON THOMAS MANAGEMENT LLC
MEMBER
since Sep 2017
General partner, trustee or managerDomestic Entity
Ownership & leadership changes · 4 filings with changes since Mar 6, 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 21, 2025 filing
  • No longer listedBROWN, LINDA, SUSAN · CHIEF COMPLIANCE OFFICER · 5–10% · control person · listed since Jan 2013
  • No longer listedDAY, ARTHUR, STUART · MANAGING MEMBER · 25–50% · control person · listed since Apr 2006
  • No longer listedHAGAN, DONALD, LEWIS · MANAGING MEMBER · 25–50% · control person · listed since Sep 2004
  • AddedARAX BUSINESS TRUST · MEMBER · 75% or more · indirect via ARAX INVESTMENT PARTNERS, LLC · control person
  • AddedARAX INVESTMENT PARTNERS, LLC · MEMBER · 75% or more · indirect via ARAX MIDCO, LLC · control person
  • AddedARAX MIDCO, LLC · MEMBER · 75% or more · indirect via ARAX WEALTH MANAGEMENT, LLC · control person
  • AddedARAX WEALTH MANAGEMENT, LLC · MEMBER · 50–75% · indirect via ASHTON THOMAS MANAGEMENT LLC · control person
  • AddedASHTON THOMAS MANAGEMENT LLC · MEMBER · 75% or more · control person
  • AddedBloudek, Erica · COO · Less than 5% · control person
  • AddedBrodt, Aaron · CEO · Less than 5% · control person
  • AddedBrodt, Heidi, Maria · BUSINESS MANAGER · Less than 5%
  • AddedGORNEY, DRINAN, J. · CHIEF ADMINISTRATIVE OFFICER AND GENERAL COUNSEL · Less than 5% · control person
  • AddedHANA HOLDINGS, LLC · MEMBER · General partner, trustee or manager · indirect via ASHTON THOMAS MANAGEMENT LLC · control person
  • AddedHATFIELD, DAVID, T. · CHIEF TECHNOLOGY OFFICER · Less than 5%
  • AddedREDBIRD CAPITAL PARTNERS FUND IV GENPAR LLC · MEMBER · General partner, trustee or manager · indirect via ARAX BUSINESS TRUST · control person
  • AddedSchlanger, Cynthia-Elaine, Leal · CHIEF COMPLIANCE OFFICER · Less than 5%
  • AddedWEALTHVISION, LLC · MEMBER · General partner, trustee or manager · indirect via ASHTON THOMAS MANAGEMENT LLC · control person
Mar 12, 2015 filing
  • ChangedDAY, ARTHUR, STUART · ownership 50–75% → 25–50%
  • ChangedHAGAN, DONALD, LEWIS · ownership 50–75% → 25–50%
Feb 13, 2014 filing
  • ChangedBROWN, LINDA, SUSAN · ownership Less than 5% → 5–10%
Mar 4, 2013 filing
  • AddedBROWN, LINDA, SUSAN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedHAGAN, DONALD, LEWIS · title MANAGING MEMBER/CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
Mar 6, 2012 filing (earliest on record)
  • ListedDAY, ARTHUR, STUART · MANAGING MEMBER · 50–75% · control person
  • ListedHAGAN, DONALD, LEWIS · MANAGING MEMBER/CHIEF COMPLIANCE OFFICER · 50–75% · control person

Quarter-over-quarter changes

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

Donald L. Hagan, LLC Holdings (2025-09-30)

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 STRATEGY SHS SSUS 86280R803 $32.8M 16.12% 679,682 SH
2 STRATEGY SHS DHSB 86280R795 $18.9M 9.27% 730,924 SH
3 STRATEGY SHS SSXU 86280R829 $18.8M 9.25% 553,749 SH
4 STRATEGY SHS SSFI 86280R860 $12.5M 6.14% 579,899 SH
5 SPDR SERIES TRUST BIL 78468R663 $10.5M 5.13% 113,944 SH
6 UNITED PARCEL SERVICE INC UPS 911312106 $10.3M 5.04% 123,014 SH
7 SELECT SECTOR SPDR TR XLK 81369Y803 $6.6M 3.24% 23,434 SH
8 SPDR SERIES TRUST SPYM 78464A854 $6.6M 3.23% 84,113 SH
9 ALPHABET INC GOOGL 02079K305 $2.9M 1.42% 11,866 SH
10 META PLATFORMS INC META 30303M102 $2.5M 1.23% 3,417 SH
11 SELECT SECTOR SPDR TR XLF 81369Y605 $2.5M 1.21% 45,800 SH
12 SELECT SECTOR SPDR TR XLY 81369Y407 $2.3M 1.14% 9,691 SH
13 BANK NEW YORK MELLON CORP BNY 064058100 $2.0M 0.96% 17,975 SH
14 INNOVATOR ETFS TRUST UDEC 45782C532 $1.9M 0.95% 50,316 SH
15 JPMORGAN CHASE & CO. JPM 46625H100 $1.9M 0.93% 6,017 SH
16 QUALCOMM INC QCOM 747525103 $1.9M 0.92% 11,224 SH
17 ISHARES TR MAXJ 46438G612 $1.9M 0.91% 66,182 SH
18 SELECT SECTOR SPDR TR XLV 81369Y209 $1.8M 0.90% 13,170 SH
19 FIRST TR EXCHNG TRADED FD VI FEBM 33740U422 $1.8M 0.90% 61,224 SH
20 SELECT SECTOR SPDR TR XLC 81369Y852 $1.8M 0.88% 15,145 SH
21 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.8M 0.88% 3,550 SH
22 CISCO SYS INC CSCO 17275R102 $1.8M 0.86% 25,723 SH
23 BLACKSTONE INC BX 09260D107 $1.7M 0.84% 10,000 SH
24 REALTY INCOME CORP O 756109104 $1.7M 0.82% 27,568 SH
25 GOLDMAN SACHS GROUP INC GS 38141G104 $1.6M 0.78% 2,005 SH
26 OWENS CORNING NEW OC 690742101 $1.6M 0.78% 11,256 SH
27 APPLE INC AAPL 037833100 $1.6M 0.77% 6,158 SH
28 KINDER MORGAN INC DEL KMI 49456B101 $1.5M 0.75% 53,641 SH
29 ZOOM COMMUNICATIONS INC ZM 98980L101 $1.5M 0.72% 17,874 SH
30 SOUTHSTATE CORPORATION SSB 840441109 $1.5M 0.72% 14,734 SH
31 MERCK & CO INC MRK 58933Y105 $1.5M 0.71% 17,352 SH
32 BLACKROCK INC BLK 09290D101 $1.4M 0.71% 1,234 SH
33 COGNIZANT TECHNOLOGY SOLUTIO CTSH 192446102 $1.4M 0.68% 20,585 SH
34 AMDOCS LTD DOX G02602103 $1.4M 0.67% 16,570 SH
35 HERSHEY CO HSY 427866108 $1.4M 0.67% 7,251 SH
36 NATIONAL FUEL GAS CO NFG 636180101 $1.3M 0.66% 14,571 SH
37 COMCAST CORP NEW CMCSA 20030N101 $1.3M 0.66% 42,529 SH
38 SELECT SECTOR SPDR TR XLP 81369Y308 $1.3M 0.65% 16,784 SH
39 CLOROX CO DEL CLX 189054109 $1.2M 0.60% 9,952 SH
40 ULTA BEAUTY INC ULTA 90384S303 $1.2M 0.60% 2,228 SH
41 SMUCKER J M CO SJM 832696405 $1.2M 0.59% 11,050 SH
42 CABOT CORP CBT 127055101 $1.2M 0.58% 15,603 SH
43 SEI INVTS CO SEIC 784117103 $1.2M 0.58% 13,853 SH
44 DEERE & CO DE 244199105 $1.2M 0.57% 2,543 SH
45 DROPBOX INC DBX 26210C104 $1.2M 0.57% 38,339 SH
46 CF INDS HLDGS INC CF 125269100 $1.1M 0.54% 12,199 SH
47 EXXON MOBIL CORP XOM 30231G102 $1.0M 0.51% 9,175 SH
48 VICI PPTYS INC VICI 925652109 $1.0M 0.49% 30,817 SH
49 SPDR SERIES TRUST SPMB 78464A383 $967.5K 0.47% 43,114 SH
50 STARBUCKS CORP SBUX 855244109 $963.0K 0.47% 11,383 SH
Filing History
Period Filed AUM Holdings Accession
2025-09-30 2025-10-16 $203.7M 86 0002085853-25-000097
2025-06-30 2025-07-18 $200.3M 88 0001667731-25-000868