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LFA - Lugano Financial Advisors SA — 13F Holdings & Portfolio

CIK 1737871 · latest 13F-HR filed 2026-07-28

Backtest portfolio

LFA - Lugano Financial Advisors SA manages $166.2M in 13F-reported U.S. long-equity assets across 274 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (22.60%), FNDE (7.84%), GLD (4.90%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 64 new positions, exited 13, added to 106, and trimmed 49.

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.

Filer Information
Address
VIA F. PELLI 3
LUGANO, V8 6900
Phone
(091) 912-4961
Filing Manager
LFA - Lugano Financial Advisors SA
LUGANO, V8
Signatory
Riccardo De Marco
Junior Portfolio Manager
Loading holdings…
AUM

$166.2M

Long-equity book

Holdings

274

Distinct positions

Period

2026-06-30

Filed 2026-07-28

Q/Q Activity

+64 / −13 / ↑106 / ↓49

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • STATE STR SPDR S&P 500 ETF T$9.9M +35.6%
  • VANGUARD WORLD FD$1.2M +996.3%
  • VANGUARD WORLD FD$1.2M +36.3%
  • INVESCO QQQ TR$768.2K +30.9%
  • FIRST TR EXCHANGE-TRADED FD$678.5K +26.6%
Show all 106 →

Top Trims

  • SPDR GOLD TR-$5.4M -39.7%
  • SPDR SERIES TRUST-$3.8M -99.0%
  • SPDR INDEX SHS FDS-$1.7M -37.5%
  • VANECK ETF TRUST-$1.7M -52.7%
  • ISHARES TR-$825.8K -62.9%
Show all 49 →

New Positions

  • SPROTT ASSET MANAGEMENT LP$543.2K
  • ISHARES TR$392.9K
  • VANGUARD WORLD FD$366.1K
  • ISHARES INC$190.2K
  • VANECK ETF TRUST$103.2K
Show all 64 →

Exited Positions

  • ISHARES TR$21.9M
  • ISHARES TR$11.4M
  • ISHARES TR$2.7M
  • GLOBAL X FDS$1.2M
  • INVESCO EXCH TRADED FD TR II$499.2K
Show all 13 →
All Holdings

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 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $37.5M 22.60% 51,717 SH
2 SCHWAB STRATEGIC TR FNDE 808524730 $13.0M 7.84% 328,425 SH
3 SPDR GOLD TR GLD 78463V107 $8.1M 4.90% 22,496 SH
4 ISHARES TR IGIB 464288638 $5.7M 3.44% 108,384 SH
5 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $5.1M 3.08% 66,137 SH
6 VANGUARD WHITEHALL FDS VWOB 921946885 $4.7M 2.85% 71,871 SH
7 VANGUARD WORLD FD VSGX 921910725 $4.3M 2.60% 52,553 SH
8 NEW YORK LIFE INVESTMENTS ET QAI 45409B107 $3.7M 2.23% 104,915 SH
9 FIRST TR EXCH TRADED FD III FTLS 33739P103 $3.7M 2.20% 51,811 SH
10 ISHARES TR TLH 464288653 $3.4M 2.05% 34,483 SH
11 SPDR SERIES TRUST SJNK 78468R408 $3.4M 2.02% 135,506 SH
12 ISHARES TR IBDU 46436E205 $3.3M 2.01% 144,509 SH
13 INVESCO QQQ TR QQQ 46090E103 $3.3M 1.96% 4,415 SH
14 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $3.2M 1.95% 55,931 SH
15 FIRST TR EXCHANGE-TRADED FD CIBR 33734X846 $3.2M 1.94% 37,074 SH
16 SPDR INDEX SHS FDS FEZ 78463X202 $2.8M 1.68% 40,634 SH
17 AMAZON COM INC AMZN 023135106 $2.7M 1.60% 11,410 SH
18 MICROSOFT CORP MSFT 594918104 $2.4M 1.45% 6,604 SH
19 ISHARES TR IBDT 46435U515 $2.4M 1.43% 94,311 SH
20 ISHARES TR IBDV 46436E726 $2.1M 1.27% 96,993 SH
21 ISHARES TR SHY 464287457 $2.1M 1.25% 25,214 SH
22 ISHARES TR EFA 464287465 $2.0M 1.23% 19,699 SH
23 ISHARES INC EWL 464286749 $1.8M 1.10% 29,262 SH
24 ISHARES TR QLTA 46429B291 $1.6M 0.98% 34,674 SH
25 SPDR SERIES TRUST CWB 78464A359 $1.6M 0.95% 14,651 SH
26 VANECK ETF TRUST GDX 92189F106 $1.5M 0.89% 20,112 SH
27 CATERPILLAR INC CAT 149123101 $1.4M 0.82% 1,284 SH
28 ISHARES TR SGOV 46436E718 $1.3M 0.80% 13,185 SH
29 VANGUARD WORLD FD VGT 92204A702 $1.3M 0.78% 10,800 SH
30 ISHARES INC ESGE 46434G863 $1.2M 0.75% 22,721 SH
31 APPLE INC AAPL 037833100 $1.2M 0.71% 4,059 SH
32 ALPHABET INC GOOG 02079K107 $990.7K 0.60% 2,804 SH
33 ALPHABET INC GOOGL 02079K305 $862.3K 0.52% 2,413 SH
34 SCHWAB STRATEGIC TR SCHF 808524805 $861.6K 0.52% 31,104 SH
35 INVESCO EXCHANGE TRADED FD T PSP 46137V118 $811.3K 0.49% 15,304 SH
36 VANGUARD WORLD FD VHT 92204A504 $762.5K 0.46% 2,550 SH
37 ISHARES TR EWU 46435G334 $740.6K 0.45% 16,051 SH
38 NVIDIA CORPORATION NVDA 67066G104 $707.3K 0.43% 3,535 SH
39 VANGUARD SCOTTSDALE FDS VCIT 92206C870 $664.8K 0.40% 8,044 SH
40 SELECT SECTOR SPDR TR XLI 81369Y704 $648.3K 0.39% 3,500 SH
41 JPMORGAN CHASE & CO JPM 46625H100 $605.6K 0.36% 1,850 SH
42 FIRST TR EXCH TRADED FD III FPEI 33739P855 $547.8K 0.33% 28,400 SH
43 SPROTT ASSET MANAGEMENT LP PHYS 85207H104 $543.2K 0.33% 18,000 SH
44 ISHARES TR EMB 464288281 $487.1K 0.29% 5,233 SH
45 VANGUARD SCOTTSDALE FDS VCLT 92206C813 $453.4K 0.27% 6,025 SH
46 ISHARES TR HEWJ 46434V886 $443.1K 0.27% 6,868 SH
47 ISHARES INC EMXC 46434G764 $408.2K 0.25% 3,990 SH
48 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $399.6K 0.24% 1,878 SH
49 ISHARES TR GARP 46436E403 $392.9K 0.24% 4,760 SH
50 SELECT SECTOR SPDR TR XLF 81369Y605 $391.4K 0.24% 7,300 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-28 $166.2M 274 0001737871-26-000004
2026-03-31 2026-05-05 $196.6M 223 0001737871-26-000002
2025-12-31 2026-01-29 $193.7M 235 0001737871-26-000001