Gridiron Partners, LLC Diversified Active

CIK: 0001910867 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 8, 2026

Total Value ($000): $175,539 (100.0% shares, 0.0% debt)

Holdings (59)

Increased Positions (3)

— PIMCO MUN INCOME FD II 3.0%

Value ($000) $5,245 (-3.4%) Shares 695,624 (+797.6%) Est. Cost $7.62 Unrealized —

BND VANGUARD BD INDEX FDS 25.0%

Value ($000) $43,851 (-0.1%) Shares 592,019 (+2357.4%) Est. Cost $74.04 Unrealized —

— BLACKROCK MUNIVEST FD INC 1.4%

Value ($000) $2,395 (+1.0%) Shares 345,632 (+45.0%) Est. Cost $7.06 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	PIMCO MUN INCOME FD II	695,624 (+797.6%)	$5,245 (-3.4%)	3.0%	$7.62	—	COM	72200W106
BND	VANGUARD BD INDEX FDS	592,019 (+2357.4%)	$43,851 (-0.1%)	25.0%	$74.04	—	TOTAL BND MRKT	921937835
—	BLACKROCK MUNIVEST FD INC	345,632 (+45.0%)	$2,395 (+1.0%)	1.4%	$7.06	—	COM	09253R105

Exited Positions (8)

— PIMCO DYNAMIC INCOME FD 0.1%

Value ($000) $185 Shares 3,379,138 Est. Cost $0.05 Unrealized —

— BARINGS GLOBAL SHORT DURATIO 0.1%

Value ($000) $128 Shares 739,281 Est. Cost $0.17 Unrealized —

— ALLIANCEBERNSTEIN GLOBAL HIG 0.1%

Value ($000) $108 Shares 41,302,943 Est. Cost $0.00 Unrealized —

— BLACKROCK LTD DURATION INCOM 0.0%

Value ($000) $84 Shares 128,005 Est. Cost $0.65 Unrealized —

— EATON VANCE SR FLTNG RTE TR 0.0%

Value ($000) $81 Shares 288,416 Est. Cost $0.28 Unrealized —

— BLACKROCK FLOATING RATE INC 0.0%

Value ($000) $75 Shares 125,780 Est. Cost $0.60 Unrealized —

— FRANKLIN LTD DURATION INCOME 0.0%

Value ($000) $48 Shares 88,981 Est. Cost $0.54 Unrealized —

— GUGGENHEIM TAXABLE MUNICP BO 0.0%

Value ($000) $34 Shares 35,737 Est. Cost $0.95 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	PIMCO DYNAMIC INCOME FD	3,379,138	$185	0.1%	$0.05	—	—	72201Y101
—	BARINGS GLOBAL SHORT DURATIO	739,281	$128	0.1%	$0.17	—	—	06760L100
—	ALLIANCEBERNSTEIN GLOBAL HIG	41,302,943	$108	0.1%	$0.00	—	—	01879R106
—	BLACKROCK LTD DURATION INCOM	128,005	$84	0.0%	$0.65	—	—	09249W101
—	EATON VANCE SR FLTNG RTE TR	288,416	$81	0.0%	$0.28	—	—	27828Q105
—	BLACKROCK FLOATING RATE INC	125,780	$75	0.0%	$0.60	—	—	091941104
—	FRANKLIN LTD DURATION INCOME	88,981	$48	0.0%	$0.54	—	—	35472T101
—	GUGGENHEIM TAXABLE MUNICP BO	35,737	$34	0.0%	$0.95	—	—	401664107

Decreased Positions (49)

SPY SPDR S&P 500 ETF TR 10.1%

Value ($000) $17,752 (+2.4%) Shares 26,033 (-81.8%) Est. Cost $186.67 Unrealized —

VTI VANGUARD INDEX FDS 5.3%

Value ($000) $9,370 (+2.2%) Shares 27,947 (-76.4%) Est. Cost $116.68 Unrealized —

— NUVEEN MUN HIGH INCOME OPPOR 2.5%

Value ($000) $4,430 (-3.8%) Shares 434,778 (-73.6%) Est. Cost $4.65 Unrealized —

— DOUBLELINE INCOME SOLUTIONS 0.2%

Value ($000) $381 (+62.1%) Shares 33,801 (-91.9%) Est. Cost $1.10 Unrealized —

— NUVEEN MUN CR OPPORTUNITIES 0.9%

Value ($000) $1,562 (-5.8%) Shares 152,649 (-91.9%) Est. Cost $1.61 Unrealized —

— NUVEEN AMT FREE MUN CR INC F 1.7%

Value ($000) $2,972 (+3.0%) Shares 234,728 (-94.9%) Est. Cost $1.20 Unrealized —

BX BLACKSTONE INC 0.4%

Value ($000) $687 (-9.8%) Shares 4,454 (-97.6%) Est. Cost $167.84 Unrealized -9.8%

VEA VANGUARD TAX-MANAGED FDS 1.0%

Value ($000) $1,685 (+4.3%) Shares 26,975 (-99.4%) Est. Cost $0.65 Unrealized —

— DOUBLELINE YIELD OPPORTUNITI 0.3%

Value ($000) $474 (+16.2%) Shares 32,618 (-93.8%) Est. Cost $1.50 Unrealized —

— FLAHERTY & CRUMRINE PFD SECS 1.4%

Value ($000) $2,485 (-2.2%) Shares 150,531 (-69.1%) Est. Cost $7.86 Unrealized —

— SABA CAPITAL INCOME & OPPORT 0.3%

Value ($000) $468 (-9.5%) Shares 56,708 (-85.6%) Est. Cost $2.34 Unrealized —

— BNY MELLON STRATEGIC MUNS IN 1.5%

Value ($000) $2,606 (+1.8%) Shares 409,774 (-79.5%) Est. Cost $2.21 Unrealized —

— VIRTUS TOTAL RETURN FD INC 0.0%

Value ($000) $77 (-35.8%) Shares 12,282 (-99.1%) Est. Cost $0.15 Unrealized —

— NUVEEN AMT FREE QLTY MUN INC 1.1%

Value ($000) $1,976 (+2.1%) Shares 169,878 (-86.5%) Est. Cost $2.82 Unrealized —

IWM ISHARES TR 1.3%

Value ($000) $2,301 (+1.7%) Shares 9,346 (-78.3%) Est. Cost $84.50 Unrealized —

VXUS VANGUARD STAR FDS 0.8%

Value ($000) $1,466 (+2.7%) Shares 19,427 (-98.8%) Est. Cost $1.50 Unrealized —

— INVESCO TR INVT GRADE MUNS 0.9%

Value ($000) $1,555 (+2.5%) Shares 149,983 (-91.3%) Est. Cost $1.67 Unrealized —

— ABRDN ASIA PACIFIC INCOME FU 0.3%

Value ($000) $460 (-5.8%) Shares 29,986 (-92.5%) Est. Cost $2.20 Unrealized —

— BLACKROCK MUN TARGET TERM TR 1.0%

Value ($000) $1,763 (+1.6%) Shares 77,255 (-95.9%) Est. Cost $1.73 Unrealized —

MDY SPDR S&P MIDCAP 400 ETF TR 1.1%

Value ($000) $1,909 (+1.2%) Shares 3,164 (-99.0%) Est. Cost $11.36 Unrealized —

— GUGGENHEIM STRATEGIC OPPORTU 0.1%

Value ($000) $129 (-14.0%) Shares 10,000 (-89.4%) Est. Cost $2.76 Unrealized —

— COHEN & STEERS SELECT PFD & 0.5%

Value ($000) $817 (-2.4%) Shares 40,295 (-99.2%) Est. Cost $0.30 Unrealized —

KKR KKR & CO INC 0.6%

Value ($000) $984 (-1.9%) Shares 7,716 (-7.8%) Est. Cost $72.70 Unrealized +71.0%

— DOUBLELINE OPPORTUNISTIC CR 0.4%

Value ($000) $670 (-2.1%) Shares 43,917 (-98.0%) Est. Cost $0.58 Unrealized —

— FIRST TR INTER DURATN PFD & 0.3%

Value ($000) $495 (-2.7%) Shares 26,558 (-99.0%) Est. Cost $0.37 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 1.0%

Value ($000) $1,676 (-0.8%) Shares 31,171 (-39.9%) Est. Cost $37.68 Unrealized —

— BLACKROCK FLOATING RATE INCO 0.1%

Value ($000) $127 (-9.2%) Shares 10,807 (-97.8%) Est. Cost $0.56 Unrealized —

— BROOKFIELD REAL ASSETS INCOM 0.2%

Value ($000) $409 (-3.0%) Shares 31,552 (-96.7%) Est. Cost $0.85 Unrealized —

— BNY MELLON STRATEGIC MUN BD 0.2%

Value ($000) $302 (+4.2%) Shares 48,891 (-86.7%) Est. Cost $1.44 Unrealized —

— EATON VANCE MUNI INCOME TRUS 0.2%

Value ($000) $411 (-2.8%) Shares 38,195 (-95.9%) Est. Cost $0.84 Unrealized —

— SABA CAPITAL INCOME & OPRNT 0.1%

Value ($000) $164 (-6.3%) Shares 23,441 (-99.9%) Est. Cost $0.01 Unrealized —

EMB ISHARES TR 0.5%

Value ($000) $961 (+1.1%) Shares 9,985 (-36.1%) Est. Cost $78.90 Unrealized —

— TEMPLETON EMERGING MKTS INCO 0.1%

Value ($000) $236 (+4.0%) Shares 36,570 (-99.7%) Est. Cost $0.03 Unrealized —

— BLACKROCK TAX MUNICPAL BD TR 0.3%

Value ($000) $531 (-1.7%) Shares 32,531 (-99.5%) Est. Cost $0.17 Unrealized —

— INVESCO MUN OPPORTUNITY TR 0.5%

Value ($000) $867 (-1.0%) Shares 90,638 (-94.0%) Est. Cost $1.13 Unrealized —

— PIMCO DYNAMIC INCOME OPRNTS 0.2%

Value ($000) $415 (-2.0%) Shares 29,970 (-76.5%) Est. Cost $5.41 Unrealized —

— NUVEEN TAXABLE MUNICPAL INM 0.2%

Value ($000) $285 (-2.5%) Shares 18,015 (-95.8%) Est. Cost $1.32 Unrealized —

— INVESCO SR INCOME TR 0.1%

Value ($000) $121 (-5.5%) Shares 37,139 (-99.6%) Est. Cost $0.03 Unrealized —

— INVESCO VALUE MUN INCOME TR 0.2%

Value ($000) $354 (-1.8%) Shares 28,741 (-80.9%) Est. Cost $4.18 Unrealized —

— NUVEEN MUNICIPAL CREDIT INC 2.0%

Value ($000) $3,443 (+0.2%) Shares 273,681 (-90.5%) Est. Cost $2.20 Unrealized —

— NUVEEN PFD & INCOME OPPORTUN 0.2%

Value ($000) $430 (-1.1%) Shares 52,969 (-96.8%) Est. Cost $0.47 Unrealized —

— BLACKROCK MUNIVEST FD II INC 0.1%

Value ($000) $260 (+1.7%) Shares 24,077 (-98.9%) Est. Cost $0.23 Unrealized —

— EATON VANCE MUN BD FD 0.1%

Value ($000) $98 (-2.1%) Shares 10,089 (-82.0%) Est. Cost $3.33 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 0.4%

Value ($000) $787 (-0.3%) Shares 9,871 (-78.9%) Est. Cost $30.80 Unrealized —

— BLACKROCK MUN INCOME TR 0.4%

Value ($000) $744 (-0.2%) Shares 74,225 (-85.6%) Est. Cost $2.70 Unrealized —

— PIMCO INCOME STRATEGY FD II 0.1%

Value ($000) $89 (-1.2%) Shares 11,907 (-97.3%) Est. Cost $0.38 Unrealized —

BSV VANGUARD BD INDEX FDS 0.4%

Value ($000) $693 (-0.1%) Shares 8,794 (-54.8%) Est. Cost $56.92 Unrealized —

— DWS MUN INCOME TR NEW 0.1%

Value ($000) $95 (-0.9%) Shares 10,445 (-97.5%) Est. Cost $0.44 Unrealized —

— MFS MUN INCOME TR 0.0%

Value ($000) $64 (+0.7%) Shares 11,873 (-96.1%) Est. Cost $0.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	26,033 (-81.8%)	$17,752 (+2.4%)	10.1%	$186.67	—	TR UNIT	78462F103
VTI	VANGUARD INDEX FDS	27,947 (-76.4%)	$9,370 (+2.2%)	5.3%	$116.68	—	TOTAL STK MKT	922908769
—	NUVEEN MUN HIGH INCOME OPPOR	434,778 (-73.6%)	$4,430 (-3.8%)	2.5%	$4.65	—	COM	670682103
—	DOUBLELINE INCOME SOLUTIONS	33,801 (-91.9%)	$381 (+62.1%)	0.2%	$1.10	—	COM	258622109
—	NUVEEN MUN CR OPPORTUNITIES	152,649 (-91.9%)	$1,562 (-5.8%)	0.9%	$1.61	—	COM	670663103
—	NUVEEN AMT FREE MUN CR INC F	234,728 (-94.9%)	$2,972 (+3.0%)	1.7%	$1.20	—	COM	67071L106
BX	BLACKSTONE INC	4,454 (-97.6%)	$687 (-9.8%)	0.4%	$167.84	-9.8%	COM	09260D107
VEA	VANGUARD TAX-MANAGED FDS	26,975 (-99.4%)	$1,685 (+4.3%)	1.0%	$0.65	—	VAN FTSE DEV MKT	921943858
—	DOUBLELINE YIELD OPPORTUNITI	32,618 (-93.8%)	$474 (+16.2%)	0.3%	$1.50	—	COM	25862D105
—	FLAHERTY & CRUMRINE PFD SECS	150,531 (-69.1%)	$2,485 (-2.2%)	1.4%	$7.86	—	COM	338478100
—	SABA CAPITAL INCOME & OPPORT	56,708 (-85.6%)	$468 (-9.5%)	0.3%	$2.34	—	COM NEW	880198205
—	BNY MELLON STRATEGIC MUNS IN	409,774 (-79.5%)	$2,606 (+1.8%)	1.5%	$2.21	—	COM	05588W108
—	VIRTUS TOTAL RETURN FD INC	12,282 (-99.1%)	$77 (-35.8%)	0.0%	$0.15	—	COM	92835W107
—	NUVEEN AMT FREE QLTY MUN INC	169,878 (-86.5%)	$1,976 (+2.1%)	1.1%	$2.82	—	COM	670657105
IWM	ISHARES TR	9,346 (-78.3%)	$2,301 (+1.7%)	1.3%	$84.50	—	RUSSELL 2000 ETF	464287655
VXUS	VANGUARD STAR FDS	19,427 (-98.8%)	$1,466 (+2.7%)	0.8%	$1.50	—	VG TL INTL STK F	921909768
—	INVESCO TR INVT GRADE MUNS	149,983 (-91.3%)	$1,555 (+2.5%)	0.9%	$1.67	—	COM	46131M106
—	ABRDN ASIA PACIFIC INCOME FU	29,986 (-92.5%)	$460 (-5.8%)	0.3%	$2.20	—	COM NEW	003009867
—	BLACKROCK MUN TARGET TERM TR	77,255 (-95.9%)	$1,763 (+1.6%)	1.0%	$1.73	—	COM SHS BEN IN	09257P105
MDY	SPDR S&P MIDCAP 400 ETF TR	3,164 (-99.0%)	$1,909 (+1.2%)	1.1%	$11.36	—	UTSER1 S&PDCRP	78467Y107
—	GUGGENHEIM STRATEGIC OPPORTU	10,000 (-89.4%)	$129 (-14.0%)	0.1%	$2.76	—	COM SBI	40167F101
—	COHEN & STEERS SELECT PFD &	40,295 (-99.2%)	$817 (-2.4%)	0.5%	$0.30	—	COM	19248Y107
KKR	KKR & CO INC	7,716 (-7.8%)	$984 (-1.9%)	0.6%	$72.70	+71.0%	COM	48251W104
—	DOUBLELINE OPPORTUNISTIC CR	43,917 (-98.0%)	$670 (-2.1%)	0.4%	$0.58	—	COM	258623107
—	FIRST TR INTER DURATN PFD &	26,558 (-99.0%)	$495 (-2.7%)	0.3%	$0.37	—	COM	33718W103
VWO	VANGUARD INTL EQUITY INDEX F	31,171 (-39.9%)	$1,676 (-0.8%)	1.0%	$37.68	—	FTSE EMR MKT ETF	922042858
—	BLACKROCK FLOATING RATE INCO	10,807 (-97.8%)	$127 (-9.2%)	0.1%	$0.56	—	COM	09255X100
—	BROOKFIELD REAL ASSETS INCOM	31,552 (-96.7%)	$409 (-3.0%)	0.2%	$0.85	—	SHS BEN INT	112830104
—	BNY MELLON STRATEGIC MUN BD	48,891 (-86.7%)	$302 (+4.2%)	0.2%	$1.44	—	COM	09662E109
—	EATON VANCE MUNI INCOME TRUS	38,195 (-95.9%)	$411 (-2.8%)	0.2%	$0.84	—	SH BEN INT	27826U108
—	SABA CAPITAL INCOME & OPRNT	23,441 (-99.9%)	$164 (-6.3%)	0.1%	$0.01	—	SHS NEW	78518H202
EMB	ISHARES TR	9,985 (-36.1%)	$961 (+1.1%)	0.5%	$78.90	—	JPMORGAN USD EMG	464288281
—	TEMPLETON EMERGING MKTS INCO	36,570 (-99.7%)	$236 (+4.0%)	0.1%	$0.03	—	COM	880192109
—	BLACKROCK TAX MUNICPAL BD TR	32,531 (-99.5%)	$531 (-1.7%)	0.3%	$0.17	—	SHS	09248X100
—	INVESCO MUN OPPORTUNITY TR	90,638 (-94.0%)	$867 (-1.0%)	0.5%	$1.13	—	COM	46132C107
—	PIMCO DYNAMIC INCOME OPRNTS	29,970 (-76.5%)	$415 (-2.0%)	0.2%	$5.41	—	COM BEN SHS	69355M107
—	NUVEEN TAXABLE MUNICPAL INM	18,015 (-95.8%)	$285 (-2.5%)	0.2%	$1.32	—	COM	67074C103
—	INVESCO SR INCOME TR	37,139 (-99.6%)	$121 (-5.5%)	0.1%	$0.03	—	COM	46131H107
—	INVESCO VALUE MUN INCOME TR	28,741 (-80.9%)	$354 (-1.8%)	0.2%	$4.18	—	COM	46132P108
—	NUVEEN MUNICIPAL CREDIT INC	273,681 (-90.5%)	$3,443 (+0.2%)	2.0%	$2.20	—	COM SH BEN INT	67070X101
—	NUVEEN PFD & INCOME OPPORTUN	52,969 (-96.8%)	$430 (-1.1%)	0.2%	$0.47	—	COM	67073B106
—	BLACKROCK MUNIVEST FD II INC	24,077 (-98.9%)	$260 (+1.7%)	0.1%	$0.23	—	COM	09253T101
—	EATON VANCE MUN BD FD	10,089 (-82.0%)	$98 (-2.1%)	0.1%	$3.33	—	COM	27827X101
VCSH	VANGUARD SCOTTSDALE FDS	9,871 (-78.9%)	$787 (-0.3%)	0.4%	$30.80	—	SHRT TRM CORP BD	92206C409
—	BLACKROCK MUN INCOME TR	74,225 (-85.6%)	$744 (-0.2%)	0.4%	$2.70	—	SH BEN INT	09248F109
—	PIMCO INCOME STRATEGY FD II	11,907 (-97.3%)	$89 (-1.2%)	0.1%	$0.38	—	COM	72201J104
BSV	VANGUARD BD INDEX FDS	8,794 (-54.8%)	$693 (-0.1%)	0.4%	$56.92	—	SHORT TRM BOND	921937827
—	DWS MUN INCOME TR NEW	10,445 (-97.5%)	$95 (-0.9%)	0.1%	$0.44	—	COM	233368109
—	MFS MUN INCOME TR	11,873 (-96.1%)	$64 (+0.7%)	0.0%	$0.40	—	SH BEN INT	552738106

Unchanged Positions (7)

MSFT MICROSOFT CORP 1.2%

Value ($000) $2,063 Shares 4,265 Est. Cost $350.36 Unrealized +42.9%

AGG ISHARES TR 27.2%

Value ($000) $47,724 Shares 477,814 Est. Cost $99.07 Unrealized —

QQQ INVESCO QQQ TR 0.3%

Value ($000) $527 Shares 858 Est. Cost $409.52 Unrealized —

PPG PPG INDS INC 0.2%

Value ($000) $278 Shares 2,709 Est. Cost $128.87 Unrealized -22.3%

— PUTNAM PREMIER INCOME TR 0.1%

Value ($000) $103 Shares 28,985 Est. Cost $3.57 Unrealized —

DVY ISHARES TR 0.2%

Value ($000) $282 Shares 2,000 Est. Cost $117.22 Unrealized —

— PUTNAM MASTER INTER INCOME T 0.0%

Value ($000) $35 Shares 10,507 Est. Cost $3.19 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	4,265	$2,063	1.2%	$350.36	+42.9%	COM	594918104
AGG	ISHARES TR	477,814	$47,724	27.2%	$99.07	—	CORE US AGGBD ET	464287226
QQQ	INVESCO QQQ TR	858	$527	0.3%	$409.52	—	UNIT SER 1	46090E103
PPG	PPG INDS INC	2,709	$278	0.2%	$128.87	-22.3%	COM	693506107
—	PUTNAM PREMIER INCOME TR	28,985	$103	0.1%	$3.57	—	SH BEN INT	746853100
DVY	ISHARES TR	2,000	$282	0.2%	$117.22	—	SELECT DIVID ETF	464287168
—	PUTNAM MASTER INTER INCOME T	10,507	$35	0.0%	$3.19	—	SH BEN INT	746909100