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Client First Investment Management LLC — 13F Holdings & Portfolio

CIK 2018284 · latest 13F-HR filed 2026-10-09

Backtest portfolio

Client First Investment Management LLC manages $210.1M in 13F-reported U.S. long-equity assets across 24 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are ADPV (52.09%), SSO (12.79%), FLRT (4.68%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 9 new positions and exited 13; 5 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
$210.1M

Long-equity book

Holdings
24

Distinct positions

Period
2026-09-30

Filed 2026-10-09

Q/Q Activity
+9 / −13 / ↑5 / ↓7

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
ADPV52.1% · +3%SSO12.8% · -29%FLRT4.7% · +179%METV3.1% · newTHNQ3.0% · newJBBB2.9% · newBOXX2.5% · -71%ROM2.3% · newSOXL2.3% · +117%PULS1.8% · -47%TTT1.8% · newSPUU1.5% · +143%CBON1.4% · +149%LLY1.3% · +0%SKYU1.0% · newFNGO1.0% · newTARK1.0% · newMSFT0.8% · 0%GSIB0.8% · newARKG0.6% · -64%AMDL0.5% · -4%JAAA0.4% · -5%BIL0.3% · -2%V0.2% · 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 26 → Q3 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

4 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 = 87.5%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Feb 11, 2026.

Assets Under Management
$271.9M
Discretionary
$271.9M
Employees
16
Accounts
1,578
Address
215 N. MAIN STREET
SUITE 1040
WEST BEND, WI 53095
Phone
(262) 335-1700
Website
Name Title / Status Ownership Type
KRUEGER, JUSTIN, WAYNE ControlPARTNER, HEAD OF FINANCIAL PLANNING
since Dec 2015
Less than 5%Individual
ROCK POINT PARTNERS, LLC ControlMANAGING PARTNER
since Dec 2015
75% or moreDomestic Entity
Zarling, David, Frederic ControlPARTNER, HEAD OF INVESTMENT STRATEGY AND RESEARCH
since Mar 2017
Less than 5%Individual
Zarling, Paul ControlMANAGING PARTNER & CHIEF COMPLIANCE OFFICER
since Mar 2017
Less than 5%Individual
KRUEGER, JUSTIN, WAYNE Control
Indirect owner via ROCK POINT PARTNERS, LLC
MANAGING MEMBER
since Dec 2015
25–50%Individual
Zarling, David Control
Indirect owner via ROCK POINT PARTNERS, LLC
MANAGING MEMBER
since Dec 2015
25–50%Individual
Zarling, Paul Control
Indirect owner via ROCK POINT PARTNERS, LLC
MANAGING MEMBER
since Dec 2015
25–50%Individual

Quarter-over-quarter changes

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

Top Adds (vs prior quarter)

Show all 5 →

Top Trims

Show all 7 →

New Positions

Show all 9 →

Exited Positions

Show all 13 →

Client First Investment Management LLC Holdings (2026-09-30)

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 SERIES PORTFOLIOS TR ADPV 81752T536 $109.4M 52.09% 2,531,357 SH
2 PROSHARES TR SSO 74347R107 $26.9M 12.79% 387,544 SH
3 PACER FDS TR FLRT 69374H428 $9.8M 4.68% 211,623 SH
4 LISTED FDS TR METV 53656F417 $6.5M 3.09% 310,917 SH
5 EXCHANGE TRADED CONCEPTS TRU THNQ 301505731 $6.4M 3.03% 65,541 SH
6 JANUS DETROIT STR TR JBBB 47103U753 $6.0M 2.87% 127,503 SH
7 EA SERIES TRUST BOXX 02072L565 $5.3M 2.50% 44,354 SH
8 PROSHARES TR ROM 74347R693 $4.9M 2.31% 30,481 SH
9 DIREXION SHARES ETF TRUST SOXL 25459W458 $4.8M 2.30% 32,643 SH
10 PGIM ETF TR PULS 69344A107 $3.8M 1.83% 77,792 SH
11 PROSHARES TR TTT 74347G887 $3.8M 1.82% 43,105 SH
12 DIREXION SHARES ETF TRUST SPUU 25459Y165 $3.1M 1.50% 14,202 SH
13 VANECK ETF TRUST CBON 92189F379 $2.9M 1.39% 121,045 SH
14 ELI LILLY & CO LLY 532457108 $2.6M 1.26% 2,289 SH
15 PROSHARES TR SKYU 74347G788 $2.2M 1.03% 41,775 SH
16 BANK OF MONTREAL FNGO 063679856 $2.1M 1.02% 13,521 SH
17 INVESTMENT MANAGERS SER TR I TARK 46144X487 $2.1M 0.98% 37,479 SH
18 MICROSOFT CORP MSFT 594918104 $1.8M 0.84% 3,445 SH
19 THEMES ETF TR GSIB 882927601 $1.6M 0.76% 25,597 SH
20 ARK ETF TR ARKG 00214Q302 $1.2M 0.57% 21,953 SH
21 GRANITESHARES ETF TR AMDL 38747R751 $1.0M 0.48% 12,662 SH
22 JANUS DETROIT STR TR JAAA 47103U845 $862.1K 0.41% 17,081 SH
23 SPDR SERIES TRUST BIL 78468R663 $586.7K 0.28% 6,402 SH
24 VISA INC V 92826C839 $364.7K 0.17% 1,015 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-09 $210.1M 24 0002085853-26-001133
2026-06-30 2026-07-09 $237.3M 28 0002085853-26-000661
2026-03-31 2026-04-13 $192.4M 16 0002085853-26-000350
2025-12-31 2026-02-09 $190.7M 30 0002085853-26-000223
Filer Information
Address
215 N. MAIN STREET
SUITE 1040
WEST BEND, WI 53095
Phone
(262) 335-1700
Filing Manager
Client First Investment Management LLC
West Bend, WI
Signatory
Paul Zarling
Chief Compliance Officer