Salus Financial Advisors, LLC Long-Term Concentrated

CIK: 0002056601 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 21, 2026

Total Value ($000): $166,851 (100.0% shares, 0.0% debt)

Holdings (35)

New Positions (4)

BITQ BITWISE FUNDS TRUST 1.6%

Value ($000) $2,719 Shares 136,421 Est. Cost $19.93 Unrealized —

GOOGL ALPHABET INC 0.1%

Value ($000) $219 Shares 699 Est. Cost $285.60 Unrealized 0.0%

TGT TARGET CORP 0.1%

Value ($000) $201 Shares 2,054 Est. Cost $91.63 Unrealized 0.0%

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $201 Shares 970 Est. Cost $197.01 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BITQ	BITWISE FUNDS TRUST	136,421	$2,719	1.6%	$19.93	—	CRYPTO INDUSTRY	09175C103
GOOGL	ALPHABET INC	699	$219	0.1%	$285.60	0.0%	CAP STK CL A	02079K305
TGT	TARGET CORP	2,054	$201	0.1%	$91.63	0.0%	COM	87612E106
JNJ	JOHNSON & JOHNSON	970	$201	0.1%	$197.01	0.0%	COM	478160104

Increased Positions (10)

IVV ISHARES TR 26.8%

Value ($000) $44,669 (+4.4%) Shares 65,216 (+2.0%) Est. Cost $575.66 Unrealized —

IEFA ISHARES TR 13.0%

Value ($000) $21,745 (+6.5%) Shares 243,067 (+4.0%) Est. Cost $83.24 Unrealized —

IUSV ISHARES TR 12.7%

Value ($000) $21,225 (+4.6%) Shares 206,991 (+1.9%) Est. Cost $93.05 Unrealized —

BITB BITWISE BITCOIN ETF TR 1.3%

Value ($000) $2,087 (-18.9%) Shares 43,873 (+6.1%) Est. Cost $52.14 Unrealized —

FCOR FIDELITY MERRIMACK STR TR 4.2%

Value ($000) $6,971 (+4.5%) Shares 145,736 (+4.9%) Est. Cost $47.08 Unrealized —

IJS ISHARES TR 2.6%

Value ($000) $4,399 (+5.8%) Shares 38,683 (+2.9%) Est. Cost $107.81 Unrealized —

FLTB FIDELITY MERRIMACK STR TR 2.0%

Value ($000) $3,349 (+4.8%) Shares 66,102 (+4.8%) Est. Cost $49.81 Unrealized —

VOO VANGUARD INDEX FDS 0.2%

Value ($000) $288 (+19.3%) Shares 460 (+16.5%) Est. Cost $576.38 Unrealized —

IWO ISHARES TR 0.2%

Value ($000) $260 (+6.9%) Shares 804 (+5.9%) Est. Cost $287.94 Unrealized —

MSFT MICROSOFT CORP 0.1%

Value ($000) $248 (+3.7%) Shares 513 (+11.0%) Est. Cost $439.16 Unrealized +14.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVV	ISHARES TR	65,216 (+2.0%)	$44,669 (+4.4%)	26.8%	$575.66	—	CORE S&P500 ETF	464287200
IEFA	ISHARES TR	243,067 (+4.0%)	$21,745 (+6.5%)	13.0%	$83.24	—	CORE MSCI EAFE	46432F842
IUSV	ISHARES TR	206,991 (+1.9%)	$21,225 (+4.6%)	12.7%	$93.05	—	CORE S&P US VLU	464287663
BITB	BITWISE BITCOIN ETF TR	43,873 (+6.1%)	$2,087 (-18.9%)	1.3%	$52.14	—	SHS BEN INT	09174C104
FCOR	FIDELITY MERRIMACK STR TR	145,736 (+4.9%)	$6,971 (+4.5%)	4.2%	$47.08	—	CORP BOND ETF	316188101
IJS	ISHARES TR	38,683 (+2.9%)	$4,399 (+5.8%)	2.6%	$107.81	—	SP SMCP600VL ETF	464287879
FLTB	FIDELITY MERRIMACK STR TR	66,102 (+4.8%)	$3,349 (+4.8%)	2.0%	$49.81	—	LTD TRM BD ETF	316188200
VOO	VANGUARD INDEX FDS	460 (+16.5%)	$288 (+19.3%)	0.2%	$576.38	—	S&P 500 ETF SHS	922908363
IWO	ISHARES TR	804 (+5.9%)	$260 (+6.9%)	0.2%	$287.94	—	RUS 2000 GRW ETF	464287648
MSFT	MICROSOFT CORP	513 (+11.0%)	$248 (+3.7%)	0.1%	$439.16	+14.0%	COM	594918104

Exited Positions (1)

— EXCHANGE TRADED CONCEPTS TRU 2.0%

Value ($000) $3,377 Shares 134,717 Est. Cost $17.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	EXCHANGE TRADED CONCEPTS TRU	134,717	$3,377	2.0%	$17.97	—	—	301505624

Decreased Positions (8)

FBCG FIDELITY COVINGTON TRUST 6.1%

Value ($000) $10,134 (-3.4%) Shares 184,784 (-5.4%) Est. Cost $41.56 Unrealized —

EFV ISHARES TR 2.0%

Value ($000) $3,320 (+2.1%) Shares 46,491 (-3.0%) Est. Cost $52.47 Unrealized —

CDC VICTORY PORTFOLIOS II 0.7%

Value ($000) $1,139 (-5.4%) Shares 17,283 (-4.2%) Est. Cost $62.58 Unrealized —

AAPL APPLE INC 0.2%

Value ($000) $341 (+2.8%) Shares 1,254 (-3.8%) Est. Cost $234.37 Unrealized +14.5%

ESGV VANGUARD WORLD FD 0.2%

Value ($000) $353 (-1.9%) Shares 2,916 (-4.0%) Est. Cost $104.89 Unrealized —

AOA ISHARES TR 0.1%

Value ($000) $238 (-2.5%) Shares 2,657 (-4.0%) Est. Cost $76.61 Unrealized —

IWM ISHARES TR 1.2%

Value ($000) $2,008 (-0.1%) Shares 8,159 (-1.8%) Est. Cost $220.95 Unrealized —

EFA ISHARES TR 1.9%

Value ($000) $3,103 (+0.0%) Shares 32,318 (-2.8%) Est. Cost $75.92 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FBCG	FIDELITY COVINGTON TRUST	184,784 (-5.4%)	$10,134 (-3.4%)	6.1%	$41.56	—	BLUE CHIP GRWTH	316092352
EFV	ISHARES TR	46,491 (-3.0%)	$3,320 (+2.1%)	2.0%	$52.47	—	EAFE VALUE ETF	464288877
CDC	VICTORY PORTFOLIOS II	17,283 (-4.2%)	$1,139 (-5.4%)	0.7%	$62.58	—	VCSHS US EQ INCM	92647N824
AAPL	APPLE INC	1,254 (-3.8%)	$341 (+2.8%)	0.2%	$234.37	+14.5%	COM	037833100
ESGV	VANGUARD WORLD FD	2,916 (-4.0%)	$353 (-1.9%)	0.2%	$104.89	—	ESG US STK ETF	921910733
AOA	ISHARES TR	2,657 (-4.0%)	$238 (-2.5%)	0.1%	$76.61	—	CORE 80/20 AGGRE	464289859
IWM	ISHARES TR	8,159 (-1.8%)	$2,008 (-0.1%)	1.2%	$220.95	—	RUSSELL 2000 ETF	464287655
EFA	ISHARES TR	32,318 (-2.8%)	$3,103 (+0.0%)	1.9%	$75.92	—	MSCI EAFE ETF	464287465

Unchanged Positions (13)

FESM FIDELITY COVINGTON TRUST 4.6%

Value ($000) $7,664 Shares 202,864 Est. Cost $32.04 Unrealized —

FDEM FIDELITY COVINGTON TRUST 5.2%

Value ($000) $8,754 Shares 283,475 Est. Cost $25.42 Unrealized —

FBND FIDELITY MERRIMACK STR TR 8.2%

Value ($000) $13,717 Shares 297,941 Est. Cost $44.98 Unrealized —

EEM ISHARES TR 1.0%

Value ($000) $1,617 Shares 29,547 Est. Cost $41.95 Unrealized —

VTV VANGUARD INDEX FDS 1.1%

Value ($000) $1,832 Shares 9,593 Est. Cost $169.68 Unrealized —

VHT VANGUARD WORLD FD 0.2%

Value ($000) $324 Shares 1,126 Est. Cost $253.69 Unrealized —

FENI FIDELITY COVINGTON TRUST 0.4%

Value ($000) $632 Shares 17,289 Est. Cost $27.65 Unrealized —

FELC FIDELITY COVINGTON TRUST 0.5%

Value ($000) $871 Shares 22,810 Est. Cost $32.93 Unrealized —

VXUS VANGUARD STAR FDS 0.3%

Value ($000) $469 Shares 6,222 Est. Cost $62.07 Unrealized —

IVE ISHARES TR 0.2%

Value ($000) $417 Shares 1,965 Est. Cost $190.88 Unrealized —

VUG VANGUARD INDEX FDS 0.4%

Value ($000) $585 Shares 1,200 Est. Cost $408.33 Unrealized —

IVW ISHARES TR 0.3%

Value ($000) $424 Shares 3,441 Est. Cost $101.53 Unrealized —

VBR VANGUARD INDEX FDS 0.2%

Value ($000) $330 Shares 1,556 Est. Cost $198.19 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FESM	FIDELITY COVINGTON TRUST	202,864	$7,664	4.6%	$32.04	—	ENHANCED SMALL	31609A206
FDEM	FIDELITY COVINGTON TRUST	283,475	$8,754	5.2%	$25.42	—	EMERG MKTS MLTFT	316092543
FBND	FIDELITY MERRIMACK STR TR	297,941	$13,717	8.2%	$44.98	—	TOTAL BD ETF	316188309
EEM	ISHARES TR	29,547	$1,617	1.0%	$41.95	—	MSCI EMG MKT ETF	464287234
VTV	VANGUARD INDEX FDS	9,593	$1,832	1.1%	$169.68	—	VALUE ETF	922908744
VHT	VANGUARD WORLD FD	1,126	$324	0.2%	$253.69	—	HEALTH CAR ETF	92204A504
FENI	FIDELITY COVINGTON TRUST	17,289	$632	0.4%	$27.65	—	ENHANCED INTL	31609A404
FELC	FIDELITY COVINGTON TRUST	22,810	$871	0.5%	$32.93	—	ENHANCED LARGE	316092113
VXUS	VANGUARD STAR FDS	6,222	$469	0.3%	$62.07	—	VG TL INTL STK F	921909768
IVE	ISHARES TR	1,965	$417	0.2%	$190.88	—	S&P 500 VAL ETF	464287408
VUG	VANGUARD INDEX FDS	1,200	$585	0.4%	$408.33	—	GROWTH ETF	922908736
IVW	ISHARES TR	3,441	$424	0.3%	$101.53	—	S&P 500 GRWT ETF	464287309
VBR	VANGUARD INDEX FDS	1,556	$330	0.2%	$198.19	—	SM CP VAL ETF	922908611