Top Institutional Investors

Milestone Investment Advisors LLC — 13F Holdings & Portfolio

CIK 1967018 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Milestone Investment Advisors LLC manages $462.7M in 13F-reported U.S. long-equity assets across 141 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPHQ (10.40%), SCHG (7.34%), SCHX (6.37%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 8 new positions and exited 6; 96 existing positions rose in reported value and 7 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
$462.7M

Long-equity book

Holdings
141

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+8 / −6 / ↑96 / ↓7

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
SPHQ10.4% · +1%SCHG7.3% · -2%SCHX6.4% · -1%VUG4.6% · +499%FDVV4.2% · -0%SCHB3.4% · +1%VO2.9% · +326%FBND2.9% · +6%AVDE2.8% · +2%IVV2.7% · +0%VYM2.7% · -2%SCHM2.6% · -1%FNDX2.4% · +2%USFR2.3% · +0%SUSB2.2% · -2%VCSH2.2% · +4%SCHO2.1% · +4%JCPB2.1% · -13%EMNT2.1% · -0%FESM1.8% · +6%XLK1.8% · -0%SCHF1.6% · +3%CGDV1.4% · +4%BIV1.3% · -3%SCHD1.3% · -4%RSP1.3% · -0%IWY1.3% · -6%IGM1.2% · -4%VTI1.2% · +0%USMV1.0% · -5%JSCP0.9% · +3%VTV0.9% · +0%SPYX0.8% · -0%IQLT0.8% · -2%VRIG0.8% · -3%SPLV0.8% · -0%FBCG0.7% · +33%SMMU0.7% · +0%JUST0.7% · +4%XMHQ0.6% · +9%VXUS0.6% · +8%SPGP0.5% · -6%SUSA0.4% · -0%VEA0.4% · -0%SCHA0.4% · -1%OMFL0.4% · 0%IJR0.3% · -4%IBB0.3% · +6%CGMU0.3% · 0%LGLV0.3% · -15%AIQ0.2% · -7%EFG0.2% · 0%ESGV0.2% · -0%NULV0.2% · -5%FNDB0.2% · -1%SCHV0.2% · +1%BLDX0.2% · +1%DSI0.2% · +12%XLF0.2% · 0%VB0.1% · +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

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 = 47.5%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated May 12, 2026.

Assets Under Management
$877.6M
Discretionary
$796.4M
Employees
7
Accounts
1,264
Address
6702 STONEFIELD ROAD
SUITE 201
MIDDLETON, WI 53562
Phone
(608) 826-5730
Website
Name Title / Status Ownership Type
ARMSTRONG, ROBERT, GARLAND ControlMEMBER
since Jul 2013
25–50%Individual
KAUPER, DANIEL, PETER ControlMEMBER/CHEIF INFORMATION SECURITY OFFICER
since Mar 2017
25–50%Individual
MCCLAREY, ANGEL, CHOW ControlMEMBER/CHIEF COMPLIANCE OFFICER
since Mar 2017
25–50%Individual
Ownership & leadership changes · 2 filings with changes since Jul 8, 2013

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.

Mar 9, 2017 filing
  • ChangedKAUPER, DANIEL, PETER · title MEMBER/CHIEF COMPLIANCE OFFICER → MEMBER/CHEIF INFORMATION SECURITY OFFICER
  • ChangedMCCLAREY, ANGEL, CHOW · title MEMBER → MEMBER/CHIEF COMPLIANCE OFFICER
Dec 26, 2013 filing
  • AddedMCCLAREY, ANGEL, CHOW · MEMBER · 25–50% · control person
  • ChangedARMSTRONG, ROBERT, GARLAND · ownership 50–75% → 25–50%
  • ChangedKAUPER, DANIEL, PETER · ownership 50–75% → 25–50%
Jul 8, 2013 filing (earliest on record)
  • ListedARMSTRONG, ROBERT, GARLAND · MEMBER · 50–75% · control person
  • ListedKAUPER, DANIEL, PETER · 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.

Milestone Investment Advisors LLC 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 INVESCO EXCHANGE TRADED FD T SPHQ 46137V241 $48.1M 10.40% 533,994 SH
2 SCHWAB STRATEGIC TR SCHG 808524300 $34.0M 7.34% 1,003,833 SH
3 SCHWAB STRATEGIC TR SCHX 808524201 $29.5M 6.37% 1,001,568 SH
4 VANGUARD INDEX FDS VUG 922908736 $21.1M 4.56% 245,212 SH
5 FIDELITY COVINGTON TRUST FDVV 316092840 $19.6M 4.23% 324,499 SH
6 SCHWAB STRATEGIC TR SCHB 808524102 $15.5M 3.36% 536,856 SH
7 VANGUARD INDEX FDS VO 922908629 $13.5M 2.93% 168,086 SH
8 FIDELITY MERRIMACK STR TR FBND 316188309 $13.2M 2.85% 290,314 SH
9 AMERICAN CENTY ETF TR AVDE 025072703 $12.9M 2.79% 144,897 SH
10 ISHARES TR IVV 464287200 $12.5M 2.71% 16,755 SH
11 VANGUARD WHITEHALL FDS VYM 921946406 $12.5M 2.70% 79,043 SH
12 SCHWAB STRATEGIC TR SCHM 808524508 $12.3M 2.65% 332,273 SH
13 SCHWAB STRATEGIC TR FNDX 808524771 $11.0M 2.37% 352,730 SH
14 WISDOMTREE TR USFR 97717Y527 $10.5M 2.27% 208,786 SH
15 ISHARES TR SUSB 46435G243 $10.4M 2.24% 414,403 SH
16 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $10.2M 2.20% 128,841 SH
17 SCHWAB STRATEGIC TR SCHO 808524862 $9.8M 2.13% 407,543 SH
18 J P MORGAN EXCHANGE TRADED F JCPB 46641Q670 $9.7M 2.10% 206,848 SH
19 PIMCO ETF TR EMNT 72201R643 $9.6M 2.07% 96,932 SH
20 FIDELITY COVINGTON TRUST FESM 31609A206 $8.2M 1.77% 169,703 SH
21 SELECT SECTOR SPDR TR XLK 81369Y803 $8.2M 1.77% 42,956 SH
22 SCHWAB STRATEGIC TR SCHF 808524805 $7.3M 1.57% 262,788 SH
23 CAPITAL GROUP DIVIDEND VALUE CGDV 14020W106 $6.7M 1.45% 135,701 SH
24 VANGUARD BD INDEX FDS BIV 921937819 $6.2M 1.33% 80,327 SH
25 SCHWAB STRATEGIC TR SCHD 808524797 $6.0M 1.29% 187,677 SH
26 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $5.8M 1.26% 27,382 SH
27 ISHARES TR IWY 464289438 $5.8M 1.25% 19,964 SH
28 ISHARES TR IGM 464287549 $5.7M 1.24% 35,000 SH
29 VANGUARD INDEX FDS VTI 922908769 $5.5M 1.20% 14,968 SH
30 ISHARES TR USMV 46429B697 $4.5M 0.97% 46,446 SH
31 J P MORGAN EXCHANGE TRADED F JSCP 46641Q274 $4.4M 0.95% 92,768 SH
32 VANGUARD INDEX FDS VTV 922908744 $4.3M 0.94% 19,912 SH
33 SPDR SERIES TRUST SPYX 78468R796 $3.7M 0.81% 61,352 SH
34 ISHARES TR IQLT 46434V456 $3.7M 0.80% 74,692 SH
35 INVESCO ACTIVELY MANAGED EXC VRIG 46090A879 $3.5M 0.77% 141,432 SH
36 INVESCO EXCH TRADED FD TR II SPLV 46138E354 $3.5M 0.75% 46,372 SH
37 FIDELITY COVINGTON TRUST FBCG 316092352 $3.4M 0.73% 54,110 SH
38 PIMCO ETF TR SMMU 72201R874 $3.3M 0.72% 66,000 SH
39 GOLDMAN SACHS ETF TR JUST 381430396 $3.0M 0.66% 28,486 SH
40 INVESCO EXCHANGE TRADED FD T XMHQ 46137V472 $2.8M 0.61% 24,926 SH
41 VANGUARD STAR FDS VXUS 921909768 $2.6M 0.56% 30,106 SH
42 INVESCO EXCHANGE TRADED FD T SPGP 46137V431 $2.4M 0.52% 19,857 SH
43 ISHARES TR SUSA 464288802 $2.0M 0.44% 13,089 SH
44 VANGUARD TAX-MANAGED FDS VEA 921943858 $2.0M 0.43% 28,114 SH
45 SCHWAB STRATEGIC TR SCHA 808524607 $1.9M 0.42% 53,784 SH
46 INVESCO EXCH TRD SLF IDX FD OMFL 46138J619 $1.8M 0.39% 26,645 SH
47 ISHARES TR IJR 464287804 $1.5M 0.33% 10,148 SH
48 ISHARES TR IBB 464287556 $1.5M 0.32% 7,787 SH
49 CAPITAL GRP FIXED INCM ETF T CGMU 14020Y201 $1.2M 0.27% 45,075 SH
50 SPDR SERIES TRUST LGLV 78468R804 $1.2M 0.26% 6,701 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $462.7M 141 0001967018-26-000003
2026-03-31 2026-05-05 $414.0M 139 0001967018-26-000002
2025-12-31 2026-02-11 $413.1M 133 0001967018-26-000001
Filer Information
Address
6702 STONEFIELD ROAD
SUITE 201
MIDDLETON, WI 53562
Phone
(608) 826-5730
Filing Manager
Milestone Investment Advisors LLC
MIDDLETON, WI
Signatory
DANIEL KAUPER
CCO