Sincerus Advisory, LLC Diversified Active

CIK: 0002050968 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 8, 2026

Total Value ($000): $124,383 (100.0% shares, 0.0% debt)

Holdings (74)

New Positions (5)

SIVR ABRDN SILVER ETF TRUST 0.2%

Value ($000) $256 Shares 3,790 Est. Cost $67.64 Unrealized —

XLV SELECT SECTOR SPDR TR 0.2%

Value ($000) $256 Shares 1,654 Est. Cost $154.83 Unrealized —

BNL BROADSTONE NET LEASE INC 0.2%

Value ($000) $226 Shares 12,983 Est. Cost $17.37 Unrealized —

JMUB J P MORGAN EXCHANGE TRADED F 0.2%

Value ($000) $209 Shares 4,142 Est. Cost $50.50 Unrealized —

LDI LOANDEPOT INC 0.0%

Value ($000) $33 Shares 16,129 Est. Cost $2.78 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SIVR	ABRDN SILVER ETF TRUST	3,790	$256	0.2%	$67.64	—	PHYSCL SILVR SHS	003264108
XLV	SELECT SECTOR SPDR TR	1,654	$256	0.2%	$154.83	—	STATE STREET HEA	81369Y209
BNL	BROADSTONE NET LEASE INC	12,983	$226	0.2%	$17.37	—	COM	11135E203
JMUB	J P MORGAN EXCHANGE TRADED F	4,142	$209	0.2%	$50.50	—	MUNICIPAL ETF	46641Q647
LDI	LOANDEPOT INC	16,129	$33	0.0%	$2.78	0.0%	COM CL A	53946R106

Increased Positions (30)

MUB ISHARES TR 3.7%

Value ($000) $4,568 (+32.1%) Shares 42,650 (+31.3%) Est. Cost $106.50 Unrealized —

EFA ISHARES TR 7.7%

Value ($000) $9,527 (+8.7%) Shares 99,213 (+5.7%) Est. Cost $79.57 Unrealized —

IWR ISHARES TR 5.9%

Value ($000) $7,395 (+6.7%) Shares 76,810 (+7.0%) Est. Cost $89.41 Unrealized —

HELO J P MORGAN EXCHANGE TRADED F 2.0%

Value ($000) $2,468 (+18.0%) Shares 37,150 (+15.5%) Est. Cost $62.76 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 3.7%

Value ($000) $4,542 (+8.6%) Shares 20,668 (+6.6%) Est. Cost $198.83 Unrealized —

IGF ISHARES TR 1.1%

Value ($000) $1,391 (+33.6%) Shares 22,671 (+33.1%) Est. Cost $56.53 Unrealized —

EMB ISHARES TR 1.9%

Value ($000) $2,332 (+12.4%) Shares 24,221 (+11.2%) Est. Cost $90.72 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 3.3%

Value ($000) $4,138 (+6.3%) Shares 66,239 (+1.9%) Est. Cost $48.10 Unrealized —

AGG ISHARES TR 3.1%

Value ($000) $3,839 (+6.7%) Shares 38,439 (+7.1%) Est. Cost $97.53 Unrealized —

VNQI VANGUARD INTL EQUITY INDEX F 1.0%

Value ($000) $1,306 (+22.1%) Shares 28,481 (+27.1%) Est. Cost $44.23 Unrealized —

IWF ISHARES TR 1.1%

Value ($000) $1,426 (+17.7%) Shares 3,012 (+16.5%) Est. Cost $417.55 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 2.1%

Value ($000) $2,667 (+8.0%) Shares 13,923 (+6.9%) Est. Cost $177.55 Unrealized —

JNK SPDR SERIES TRUST 1.5%

Value ($000) $1,912 (+11.2%) Shares 19,664 (+12.1%) Est. Cost $95.98 Unrealized —

ESGD ISHARES TR 2.6%

Value ($000) $3,212 (+5.7%) Shares 33,782 (+3.3%) Est. Cost $78.17 Unrealized —

SCZ ISHARES TR 1.8%

Value ($000) $2,296 (+8.1%) Shares 29,614 (+6.9%) Est. Cost $64.16 Unrealized —

REZ ISHARES TR 1.2%

Value ($000) $1,446 (+13.3%) Shares 17,496 (+16.5%) Est. Cost $81.65 Unrealized —

EEM ISHARES TR 1.8%

Value ($000) $2,199 (+3.9%) Shares 40,193 (+1.4%) Est. Cost $42.91 Unrealized —

META META PLATFORMS INC 0.7%

Value ($000) $922 (-7.7%) Shares 1,396 (+2.7%) Est. Cost $591.73 Unrealized +12.8%

RWO SPDR INDEX SHS FDS 0.2%

Value ($000) $271 (+31.7%) Shares 6,026 (+33.9%) Est. Cost $45.58 Unrealized —

NULV NUSHARES ETF TR 1.3%

Value ($000) $1,628 (+4.0%) Shares 36,139 (+1.2%) Est. Cost $39.55 Unrealized —

VSS VANGUARD INTL EQUITY INDEX F 1.6%

Value ($000) $2,026 (+3.0%) Shares 14,132 (+2.4%) Est. Cost $115.56 Unrealized —

AMZN AMAZON COM INC 0.3%

Value ($000) $404 (+9.6%) Shares 1,749 (+4.2%) Est. Cost $206.52 Unrealized +10.8%

DFUS DIMENSIONAL ETF TRUST 0.5%

Value ($000) $678 (+3.9%) Shares 9,138 (+1.5%) Est. Cost $63.91 Unrealized —

DFAS DIMENSIONAL ETF TRUST 0.5%

Value ($000) $582 (+3.3%) Shares 8,356 (+1.5%) Est. Cost $65.17 Unrealized —

BND VANGUARD BD INDEX FDS 1.0%

Value ($000) $1,294 (+1.4%) Shares 17,464 (+1.8%) Est. Cost $72.05 Unrealized —

VWOB VANGUARD WHITEHALL FDS 0.2%

Value ($000) $267 (+6.3%) Shares 3,960 (+5.5%) Est. Cost $63.41 Unrealized —

GII SPDR INDEX SHS FDS 0.4%

Value ($000) $526 (+3.1%) Shares 7,537 (+2.9%) Est. Cost $62.83 Unrealized —

MSFT MICROSOFT CORP 0.3%

Value ($000) $400 (-2.8%) Shares 826 (+4.0%) Est. Cost $428.71 Unrealized +16.8%

VWO VANGUARD INTL EQUITY INDEX F 0.2%

Value ($000) $246 (+3.2%) Shares 4,577 (+4.0%) Est. Cost $44.41 Unrealized —

HYG ISHARES TR 0.2%

Value ($000) $216 (+3.2%) Shares 2,684 (+3.9%) Est. Cost $78.74 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MUB	ISHARES TR	42,650 (+31.3%)	$4,568 (+32.1%)	3.7%	$106.50	—	NATIONAL MUN ETF	464288414
EFA	ISHARES TR	99,213 (+5.7%)	$9,527 (+8.7%)	7.7%	$79.57	—	MSCI EAFE ETF	464287465
IWR	ISHARES TR	76,810 (+7.0%)	$7,395 (+6.7%)	5.9%	$89.41	—	RUS MID CAP ETF	464287499
HELO	J P MORGAN EXCHANGE TRADED F	37,150 (+15.5%)	$2,468 (+18.0%)	2.0%	$62.76	—	HEDGED EQUITY LA	46654Q724
VIG	VANGUARD SPECIALIZED FUNDS	20,668 (+6.6%)	$4,542 (+8.6%)	3.7%	$198.83	—	DIV APP ETF	921908844
IGF	ISHARES TR	22,671 (+33.1%)	$1,391 (+33.6%)	1.1%	$56.53	—	GLB INFRASTR ETF	464288372
EMB	ISHARES TR	24,221 (+11.2%)	$2,332 (+12.4%)	1.9%	$90.72	—	JPMORGAN USD EMG	464288281
VEA	VANGUARD TAX-MANAGED FDS	66,239 (+1.9%)	$4,138 (+6.3%)	3.3%	$48.10	—	VAN FTSE DEV MKT	921943858
AGG	ISHARES TR	38,439 (+7.1%)	$3,839 (+6.7%)	3.1%	$97.53	—	CORE US AGGBD ET	464287226
VNQI	VANGUARD INTL EQUITY INDEX F	28,481 (+27.1%)	$1,306 (+22.1%)	1.0%	$44.23	—	GLB EX US ETF	922042676
IWF	ISHARES TR	3,012 (+16.5%)	$1,426 (+17.7%)	1.1%	$417.55	—	RUS 1000 GRW ETF	464287614
RSP	INVESCO EXCHANGE TRADED FD T	13,923 (+6.9%)	$2,667 (+8.0%)	2.1%	$177.55	—	S&P500 EQL WGT	46137V357
JNK	SPDR SERIES TRUST	19,664 (+12.1%)	$1,912 (+11.2%)	1.5%	$95.98	—	STATE STREET SPD	78468R622
ESGD	ISHARES TR	33,782 (+3.3%)	$3,212 (+5.7%)	2.6%	$78.17	—	ESG AW MSCI EAFE	46435G516
SCZ	ISHARES TR	29,614 (+6.9%)	$2,296 (+8.1%)	1.8%	$64.16	—	EAFE SML CP ETF	464288273
REZ	ISHARES TR	17,496 (+16.5%)	$1,446 (+13.3%)	1.2%	$81.65	—	RESIDENTIAL MULT	464288562
EEM	ISHARES TR	40,193 (+1.4%)	$2,199 (+3.9%)	1.8%	$42.91	—	MSCI EMG MKT ETF	464287234
META	META PLATFORMS INC	1,396 (+2.7%)	$922 (-7.7%)	0.7%	$591.73	+12.8%	CL A	30303M102
RWO	SPDR INDEX SHS FDS	6,026 (+33.9%)	$271 (+31.7%)	0.2%	$45.58	—	DJ GLB RL ES ETF	78463X749
NULV	NUSHARES ETF TR	36,139 (+1.2%)	$1,628 (+4.0%)	1.3%	$39.55	—	NUVEEN ESG LRGVL	67092P300
VSS	VANGUARD INTL EQUITY INDEX F	14,132 (+2.4%)	$2,026 (+3.0%)	1.6%	$115.56	—	FTSE SMCAP ETF	922042718
AMZN	AMAZON COM INC	1,749 (+4.2%)	$404 (+9.6%)	0.3%	$206.52	+10.8%	COM	023135106
DFUS	DIMENSIONAL ETF TRUST	9,138 (+1.5%)	$678 (+3.9%)	0.5%	$63.91	—	US EQUITY MARKET	25434V401
DFAS	DIMENSIONAL ETF TRUST	8,356 (+1.5%)	$582 (+3.3%)	0.5%	$65.17	—	US SMALL CAP ETF	25434V500
BND	VANGUARD BD INDEX FDS	17,464 (+1.8%)	$1,294 (+1.4%)	1.0%	$72.05	—	TOTAL BND MRKT	921937835
VWOB	VANGUARD WHITEHALL FDS	3,960 (+5.5%)	$267 (+6.3%)	0.2%	$63.41	—	EM MK GOV BD ETF	921946885
GII	SPDR INDEX SHS FDS	7,537 (+2.9%)	$526 (+3.1%)	0.4%	$62.83	—	S&P GBLINF ETF	78463X855
MSFT	MICROSOFT CORP	826 (+4.0%)	$400 (-2.8%)	0.3%	$428.71	+16.8%	COM	594918104
VWO	VANGUARD INTL EQUITY INDEX F	4,577 (+4.0%)	$246 (+3.2%)	0.2%	$44.41	—	FTSE EMR MKT ETF	922042858
HYG	ISHARES TR	2,684 (+3.9%)	$216 (+3.2%)	0.2%	$78.74	—	IBOXX HI YD ETF	464288513

Exited Positions (1)

— BROADSTONE NET LEASE INC 0.2%

Value ($000) $228 Shares 12,782 Est. Cost $17.87 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BROADSTONE NET LEASE INC	12,782	$228	0.2%	$17.87	—	—	11135e203

Decreased Positions (13)

GLD SPDR GOLD TR 2.3%

Value ($000) $2,813 (+10.1%) Shares 7,097 (-1.3%) Est. Cost $247.68 Unrealized —

VTEB VANGUARD MUN BD FDS 2.4%

Value ($000) $2,956 (-6.9%) Shares 58,778 (-7.4%) Est. Cost $49.63 Unrealized —

SGOV ISHARES TR 0.8%

Value ($000) $945 (-12.4%) Shares 9,410 (-12.2%) Est. Cost $100.43 Unrealized —

DOCN DIGITALOCEAN HLDGS INC 1.6%

Value ($000) $1,979 (+7.0%) Shares 41,136 (-24.0%) Est. Cost $39.22 Unrealized +12.3%

GOOG ALPHABET INC 0.4%

Value ($000) $546 (+24.5%) Shares 1,740 (-3.4%) Est. Cost $173.80 Unrealized +64.7%

VNQ VANGUARD INDEX FDS 1.0%

Value ($000) $1,211 (-4.6%) Shares 13,682 (-1.5%) Est. Cost $89.12 Unrealized —

BRZE BRAZE INC 0.4%

Value ($000) $506 (+6.2%) Shares 14,766 (-11.9%) Est. Cost $36.28 Unrealized -18.4%

PFF ISHARES TR 0.5%

Value ($000) $655 (-3.3%) Shares 21,144 (-1.2%) Est. Cost $31.44 Unrealized —

DEM WISDOMTREE TR 1.0%

Value ($000) $1,231 (-1.6%) Shares 26,362 (-3.1%) Est. Cost $40.73 Unrealized —

HYMB SPDR SERIES TRUST 0.2%

Value ($000) $247 (-5.7%) Shares 9,907 (-5.8%) Est. Cost $25.58 Unrealized —

NVDA NVIDIA CORPORATION 0.6%

Value ($000) $685 (-1.3%) Shares 3,675 (-1.2%) Est. Cost $137.79 Unrealized +35.1%

VSGX VANGUARD WORLD FD 0.2%

Value ($000) $270 (-2.8%) Shares 3,772 (-5.8%) Est. Cost $56.87 Unrealized —

VTWO VANGUARD SCOTTSDALE FDS 0.3%

Value ($000) $314 (-1.1%) Shares 3,150 (-2.7%) Est. Cost $89.43 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	7,097 (-1.3%)	$2,813 (+10.1%)	2.3%	$247.68	—	GOLD SHS	78463V107
VTEB	VANGUARD MUN BD FDS	58,778 (-7.4%)	$2,956 (-6.9%)	2.4%	$49.63	—	TAX EXEMPT BD	922907746
SGOV	ISHARES TR	9,410 (-12.2%)	$945 (-12.4%)	0.8%	$100.43	—	0-3 MNTH TREASRY	46436E718
DOCN	DIGITALOCEAN HLDGS INC	41,136 (-24.0%)	$1,979 (+7.0%)	1.6%	$39.22	+12.3%	COM	25402D102
GOOG	ALPHABET INC	1,740 (-3.4%)	$546 (+24.5%)	0.4%	$173.80	+64.7%	CAP STK CL C	02079K107
VNQ	VANGUARD INDEX FDS	13,682 (-1.5%)	$1,211 (-4.6%)	1.0%	$89.12	—	REAL ESTATE ETF	922908553
BRZE	BRAZE INC	14,766 (-11.9%)	$506 (+6.2%)	0.4%	$36.28	-18.4%	COM CL A	10576N102
PFF	ISHARES TR	21,144 (-1.2%)	$655 (-3.3%)	0.5%	$31.44	—	PFD AND INCM SEC	464288687
DEM	WISDOMTREE TR	26,362 (-3.1%)	$1,231 (-1.6%)	1.0%	$40.73	—	EMER MKT HIGH FD	97717W315
HYMB	SPDR SERIES TRUST	9,907 (-5.8%)	$247 (-5.7%)	0.2%	$25.58	—	STATE STREET SPD	78464A284
NVDA	NVIDIA CORPORATION	3,675 (-1.2%)	$685 (-1.3%)	0.6%	$137.79	+35.1%	COM	67066G104
VSGX	VANGUARD WORLD FD	3,772 (-5.8%)	$270 (-2.8%)	0.2%	$56.87	—	ESG INTL STK ETF	921910725
VTWO	VANGUARD SCOTTSDALE FDS	3,150 (-2.7%)	$314 (-1.1%)	0.3%	$89.43	—	VNG RUS2000IDX	92206C664

Unchanged Positions (26)

SPY SPDR S&P 500 ETF TR 16.8%

Value ($000) $20,884 Shares 30,626 Est. Cost $587.07 Unrealized —

IWM ISHARES TR 3.3%

Value ($000) $4,130 Shares 16,779 Est. Cost $222.27 Unrealized —

AAPL APPLE INC 1.2%

Value ($000) $1,468 Shares 5,398 Est. Cost $234.37 Unrealized +14.5%

GOOGL ALPHABET INC 0.3%

Value ($000) $385 Shares 1,231 Est. Cost $168.09 Unrealized +69.9%

DASH DOORDASH INC 0.2%

Value ($000) $231 Shares 1,021 Est. Cost $200.58 Unrealized +16.9%

IAU ISHARES GOLD TR 0.3%

Value ($000) $421 Shares 5,184 Est. Cost $50.15 Unrealized —

DFAU DIMENSIONAL ETF TRUST 1.3%

Value ($000) $1,602 Shares 34,233 Est. Cost $40.44 Unrealized —

JUST GOLDMAN SACHS ETF TR 1.0%

Value ($000) $1,243 Shares 12,856 Est. Cost $83.13 Unrealized —

QQQ INVESCO QQQ TR 1.0%

Value ($000) $1,201 Shares 1,956 Est. Cost $512.12 Unrealized —

LQD ISHARES TR 0.8%

Value ($000) $987 Shares 8,956 Est. Cost $106.91 Unrealized —

DTEC ALPS ETF TR 0.3%

Value ($000) $350 Shares 7,213 Est. Cost $45.33 Unrealized —

IVV ISHARES TR 0.9%

Value ($000) $1,063 Shares 1,552 Est. Cost $592.46 Unrealized —

VO VANGUARD INDEX FDS 2.3%

Value ($000) $2,845 Shares 9,802 Est. Cost $263.74 Unrealized —

VTI VANGUARD INDEX FDS 0.5%

Value ($000) $561 Shares 1,672 Est. Cost $290.40 Unrealized —

DFAE DIMENSIONAL ETF TRUST 0.3%

Value ($000) $382 Shares 11,736 Est. Cost $25.53 Unrealized —

NACP TIDAL TRUST III 0.3%

Value ($000) $375 Shares 7,613 Est. Cost $40.88 Unrealized —

AVGO BROADCOM INC 0.2%

Value ($000) $232 Shares 670 Est. Cost $305.74 Unrealized +16.8%

VOO VANGUARD INDEX FDS 0.3%

Value ($000) $333 Shares 531 Est. Cost $555.46 Unrealized —

FEZ SPDR INDEX SHS FDS 0.2%

Value ($000) $220 Shares 3,416 Est. Cost $60.32 Unrealized —

ITOT ISHARES TR 0.3%

Value ($000) $401 Shares 2,698 Est. Cost $128.60 Unrealized —

SHE SPDR SERIES TRUST 0.2%

Value ($000) $208 Shares 1,574 Est. Cost $126.71 Unrealized —

IEFA ISHARES TR 0.2%

Value ($000) $211 Shares 2,364 Est. Cost $87.31 Unrealized —

JMST J P MORGAN EXCHANGE TRADED F 0.3%

Value ($000) $434 Shares 8,526 Est. Cost $50.71 Unrealized —

JEPI J P MORGAN EXCHANGE TRADED F 0.4%

Value ($000) $494 Shares 8,627 Est. Cost $57.48 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 1.7%

Value ($000) $2,057 Shares 24,561 Est. Cost $80.30 Unrealized —

QAI NEW YORK LIFE INVESTMENTS ET 0.2%

Value ($000) $203 Shares 6,043 Est. Cost $33.63 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	30,626	$20,884	16.8%	$587.07	—	TR UNIT	78462F103
IWM	ISHARES TR	16,779	$4,130	3.3%	$222.27	—	RUSSELL 2000 ETF	464287655
AAPL	APPLE INC	5,398	$1,468	1.2%	$234.37	+14.5%	COM	037833100
GOOGL	ALPHABET INC	1,231	$385	0.3%	$168.09	+69.9%	CAP STK CL A	02079K305
DASH	DOORDASH INC	1,021	$231	0.2%	$200.58	+16.9%	CL A	25809K105
IAU	ISHARES GOLD TR	5,184	$421	0.3%	$50.15	—	ISHARES NEW	464285204
DFAU	DIMENSIONAL ETF TRUST	34,233	$1,602	1.3%	$40.44	—	US CORE EQT MKT	25434V104
JUST	GOLDMAN SACHS ETF TR	12,856	$1,243	1.0%	$83.13	—	JUST US LRG CP	381430396
QQQ	INVESCO QQQ TR	1,956	$1,201	1.0%	$512.12	—	UNIT SER 1	46090E103
LQD	ISHARES TR	8,956	$987	0.8%	$106.91	—	IBOXX INV CP ETF	464287242
DTEC	ALPS ETF TR	7,213	$350	0.3%	$45.33	—	DISRUPTIVE TECH	00162Q478
IVV	ISHARES TR	1,552	$1,063	0.9%	$592.46	—	CORE S&P500 ETF	464287200
VO	VANGUARD INDEX FDS	9,802	$2,845	2.3%	$263.74	—	MID CAP ETF	922908629
VTI	VANGUARD INDEX FDS	1,672	$561	0.5%	$290.40	—	TOTAL STK MKT	922908769
DFAE	DIMENSIONAL ETF TRUST	11,736	$382	0.3%	$25.53	—	EMGR CRE EQT MNG	25434V302
NACP	TIDAL TRUST III	7,613	$375	0.3%	$40.88	—	NAACP MINO ETF	45259A209
AVGO	BROADCOM INC	670	$232	0.2%	$305.74	+16.8%	COM	11135F101
VOO	VANGUARD INDEX FDS	531	$333	0.3%	$555.46	—	S&P 500 ETF SHS	922908363
FEZ	SPDR INDEX SHS FDS	3,416	$220	0.2%	$60.32	—	EURO STOXX 50	78463X202
ITOT	ISHARES TR	2,698	$401	0.3%	$128.60	—	CORE S&P TTL STK	464287150
SHE	SPDR SERIES TRUST	1,574	$208	0.2%	$126.71	—	STATE STREET SPD	78468R747
IEFA	ISHARES TR	2,364	$211	0.2%	$87.31	—	CORE MSCI EAFE	46432F842
JMST	J P MORGAN EXCHANGE TRADED F	8,526	$434	0.3%	$50.71	—	ULTRA SHT MUNCPL	46641Q654
JEPI	J P MORGAN EXCHANGE TRADED F	8,627	$494	0.4%	$57.48	—	EQUITY PREMIUM	46641Q332
VCIT	VANGUARD SCOTTSDALE FDS	24,561	$2,057	1.7%	$80.30	—	INT-TERM CORP	92206C870
QAI	NEW YORK LIFE INVESTMENTS ET	6,043	$203	0.2%	$33.63	—	NYLI HEDGE MULTI	45409B107