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FSA Wealth Management LLC — 13F Holdings & Portfolio

CIK 1804256 · latest 13F-HR filed 2025-11-17

Backtest portfolio

FSA Wealth Management LLC manages $273.5M in 13F-reported U.S. long-equity assets across 581 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are IWF (25.07%), IWD (19.93%), VEA (9.41%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 48 new positions and exited 21; 263 existing positions rose in reported value and 104 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.

Loading holdings…
AUM
$273.5M

Long-equity book

Holdings
581

Distinct positions

Period
2025-09-30

Filed 2025-11-17

Q/Q Activity
+48 / −21 / ↑263 / ↓104

vs 2025-06-30

Portfolio charts

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

Portfolio map

Q3 25
IWF25.1% · -2%IWD19.9% · +1%VEA9.4% · -2%IWP6.7% · -1%IWS5.7% · 0%IWO4.3% · +0%IWN3.9% · +1%VWO3.2% · -1%IVV2.6% · -1%AAPL1.8% · -7%TSLA1.5% · -2%SDY1.3% · -0%MSFT0.8% · -10%VTI0.7% · +5%SPTM0.6% · -1%INTU0.5% · -2%CWST0.5% · -1%VPU0.5% · +4%GOOG0.4% · +2%XOM0.3% · +1%BND0.3% · +0%NVDA0.3% · -2%GOOGL0.3% · +0%VUG0.3% · -0%IJH0.3% · -1%SPY0.2% · +0%PG0.2% · -2%JPM0.2% · -18%BRK.B0.2% · -8%VOT0.2% · -0%KO0.1% · +0%COST0.1% · 0%QQQ0.1% · +0%IBM0.1% · +0%AMZN0.1% · 0%GLD0.1% · 0%PNC0.1% · 0%FITB0.1% · -4%T0.1% · -1%DVY0.1% · 0%SPDW0.1% · -2%LMT0.1% · -4%V0.1% · 0%ABBV0.1% · +3%SO0.1% · 0%JNJ0.1% · -3%MPC0.1% · 0%UNP0.1% · 0%IWM0.1% · -0%PANW0.1% · 0%LLY0.1% · +4%USB0.1% · 0%VIOG0.1% · 0%BAC0.1% · +0%CVX0.1% · +4%VO0.1% · +39%RTX0.1% · +9%ITOT0.1% · 0%HON0.1% · +1%TDG0.1% · 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 = 82.6%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 27, 2026.

Assets Under Management
$819.7M
Discretionary
$819.7M
Employees
16
Accounts
1,957
Address
ONE CHURCH STREET
SUITE 901
ROCKVILLE, MD 20850
Phone
(301) 949-7300
Website
Name Title / Status Ownership Type
Basenback, KIMBERLY, ANNE ControlDIRECTOR OF FINANCIAL PLANNING & PARTNER
since Apr 2024
5–10%Individual
JOSEPH, JAMES, EDWARD ControlPRESIDENT/TREASURER CHIEF COMPLIANCE OFFICER & PARTNER
since Jan 2021
50–75%Individual
PETERSEN, DAVID, RONALD ControlFOUNDING PARTNER
since Jan 2021
Less than 5%Individual
ROUGH, RONALD, JAMES ControlCHIEF INVESTMENT OFFICER & PARTNER
since Jan 2021
25–50%Individual
Donohue, Kim, MarieSECRETARY
since Jan 2020
Less than 5%Individual
Ownership & leadership changes · 5 filings with changes since Mar 29, 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.

Apr 5, 2024 filing
  • AddedBasenback, KIMBERLY, ANNE · DIRECTOR OF FINANCIAL PLANNING & PARTNER · 5–10% · control person
Nov 30, 2022 filing
  • ChangedROUGH, RONALD, JAMES · title DIRECTOR OF PORTFOLIO MANAGEMENT & PARTNER → CHIEF INVESTMENT OFFICER & PARTNER
Mar 16, 2021 filing
  • ChangedJOSEPH, JAMES, EDWARD · title PRESIDENT/TREASURER & PARTNER → PRESIDENT/TREASURER CHIEF COMPLIANCE OFFICER & PARTNER
  • ChangedPETERSEN, DAVID, RONALD · title CHIEF COMPLIANCE OFFICER & FOUNDING PARTNER → FOUNDING PARTNER
Jan 9, 2020 filing
  • No longer listedPETERSEN, TERRI, LYNN · SEC/TREA. · Less than 5% · control person · listed since Apr 1990
  • AddedDonohue, Kim, Marie · SECRETARY · Less than 5%
  • AddedROUGH, RONALD, JAMES · DIRECTOR OF PORTFOLIO MANAGEMENT & PARTNER · 25–50% · control person
  • ChangedJOSEPH, JAMES, EDWARD · title PRESIDENT → PRESIDENT/TREASURER & PARTNER; ownership Less than 5% → 50–75%
  • ChangedPETERSEN, DAVID, RONALD · title FOUNDING PARTNER & CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER & FOUNDING PARTNER; ownership 75% or more → Less than 5%
Mar 10, 2017 filing
  • ChangedJOSEPH, JAMES, EDWARD · title VICE PRESIDENT → PRESIDENT
  • ChangedPETERSEN, DAVID, RONALD · title CHIEF COMPLIANCE OFFICER/PRESIDENT → FOUNDING PARTNER & CHIEF COMPLIANCE OFFICER
Mar 29, 2012 filing (earliest on record)
  • ListedJOSEPH, JAMES, EDWARD · VICE PRESIDENT · Less than 5% · control person
  • ListedPETERSEN, DAVID, RONALD · CHIEF COMPLIANCE OFFICER/PRESIDENT · 75% or more · control person
  • ListedPETERSEN, TERRI, LYNN · SEC/TREA. · Less than 5% · 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.

FSA Wealth Management 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 ISHARES RUSSELL 1000 GROWTH ETF IWF 464287614 $68.5M 25.07% 146,326 SH
2 ISHARES RUSSELL 1000 VALUE ETF IWD 464287598 $54.5M 19.93% 267,641 SH
3 VANGUARD FTSE DEVELOPED MARKETS ETF VEA 921943858 $25.7M 9.41% 429,444 SH
4 ISHARES RUSSELL MID CAP GROWTH ETF IWP 464287481 $18.4M 6.74% 129,327 SH
5 ISHARES RUSSELL MID CAP VALUE ETF IWS 464287473 $15.5M 5.65% 110,693 SH
6 ISHARES RUSSELL 2000 GROWTH ETF IWO 464287648 $11.7M 4.28% 36,537 SH
7 ISHARES RUSSELL 2000 VALUE ETF IWN 464287630 $10.8M 3.95% 61,073 SH
8 VANGUARD FTSE EMERGING MARKETS ETF VWO 922042858 $8.9M 3.24% 163,357 SH
9 ISHARES CORE MSCI TOTL INTL STCK ETF IVV 464287200 $7.1M 2.58% 85,453 SH
10 APPLE INC AAPL 037833100 $5.0M 1.82% 19,494 SH
11 TESLA INC TSLA 88160R101 $4.1M 1.51% 9,292 SH
12 SPDR S&P DIVIDEND ETF SDY 78464A763 $3.5M 1.29% 25,216 SH
13 MICROSOFT CORP MSFT 594918104 $2.1M 0.77% 4,053 SH
14 VANGUARD TOTAL STOCK MARKET ETF VTI 922908769 $1.9M 0.68% 5,689 SH
15 SPDR PORTFOLIO S P 1500 CMPST ST ETF SPTM 78464A805 $1.6M 0.58% 19,511 SH
16 INTUIT INTU 461202103 $1.3M 0.49% 1,954 SH
17 CASELLA WASTE SYS INC CLASS A CWST 147448104 $1.3M 0.47% 13,635 SH
18 VANGUARD VALUE ETF VPU 92204A876 $1.2M 0.45% 6,663 SH
19 ALPHABET INC CLASS C GOOG 02079K107 $1.0M 0.37% 4,188 SH
20 EXXON MOBIL CORP XOM 30231G102 $867.1K 0.32% 7,690 SH
21 VANGUARD TOTAL BOND MARKET ETF BND 921937835 $840.5K 0.31% 11,301 SH
22 NVIDIA CORP NVDA 67066G104 $786.4K 0.29% 4,215 SH
23 ALPHABET INC CLASS CLASS A GOOGL 02079K305 $775.2K 0.28% 3,189 SH
24 VANGUARD GROWTH ETF VUG 922908736 $702.9K 0.26% 1,465 SH
25 ISHARES CORE S&P 500 ETF IJH 464287507 $688.9K 0.25% 1,029 SH
26 SPDR S&P 500 ETF SPY 78462F103 $666.2K 0.24% 1,000 SH
27 PROCTER & GAMBLE CO PG 742718109 $571.6K 0.21% 3,720 SH
28 JPMORGAN CHASE & CO JPM 46625H100 $561.8K 0.21% 1,781 SH
29 BERKSHIRE HATHAWAY CLASS B BRK.B 084670702 $500.7K 0.18% 996 SH
30 VANGUARD MID CAP VALUE ETF VOT 922908538 $435.7K 0.16% 2,496 SH
31 THE COCA-COLA CO KO 191216100 $400.8K 0.15% 6,043 SH
32 COSTCO WHSL CORP NEW COST 22160K105 $380.6K 0.14% 411 SH
33 INVSC QQQ TRUST SRS 1 ETF QQQ 46090E103 $378.1K 0.14% 630 SH
34 IBM CORP IBM 459200101 $363.5K 0.13% 1,288 SH
35 AMAZON.COM INC AMZN 023135106 $360.8K 0.13% 1,643 SH
36 SPDR GOLD SHARES ETF GLD 78463V107 $333.4K 0.12% 938 SH
37 PNC FINL SERVICES PNC 693475105 $329.7K 0.12% 1,641 SH
38 FIFTH THIRD BANCORP FITB 316773100 $318.3K 0.12% 7,145 SH
39 AT&T INC T 00206R102 $308.0K 0.11% 10,907 SH
40 ISHARES SELECT DIVIDEND ETF DVY 464287168 $303.2K 0.11% 2,134 SH
41 SPDR PORTFOLIO DVLPD WRLD EX-US ETF SPDW 78463X889 $287.9K 0.11% 6,729 SH
42 LOCKHEED MARTIN CORP LMT 539830109 $287.2K 0.11% 575 SH
43 VISA INC CLASS A V 92826C839 $285.1K 0.10% 835 SH
44 ABBVIE INC ABBV 00287Y109 $275.0K 0.10% 1,188 SH
45 SOUTHERN CO SO 842587107 $274.8K 0.10% 2,900 SH
46 JOHNSON & JOHNSON JNJ 478160104 $263.4K 0.10% 1,420 SH
47 MARATHON PETE CORP MPC 56585A102 $259.6K 0.09% 1,347 SH
48 UNION PAC CORP UNP 907818108 $247.9K 0.09% 1,049 SH
49 ISHARES RUSSELL 2000 ETF IWM 464287655 $245.4K 0.09% 1,014 SH
50 PALO ALTO NETWORKS INC PANW 697435105 $239.1K 0.09% 1,174 SH
Filing History
Period Filed AUM Holdings Accession
2025-09-30 2025-11-17 $273.5M 581 0001999371-25-017982
2025-06-30 2025-08-11 $256.3M 552 0001999371-25-011019