LFA - Lugano Financial Advisors SA

13F filer · CIK 0001737871

Reported Jul 28, 2026

Net buyer this quarter

13F portfolio value$166MU.S. long equity reported on 13F

Positions15637 new · 3 closed

Net flow last quarter+$5.03MBuys minus sells

Top 10 positions weight35.6%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 28, 2026156 positions
SPYSPDR S&P 500 ETF Trust	$37.5M	22.60%	Not reported	+21.5%	Q2 2018
GLDSPDR Gold Trust	$8.15M	4.90%	0.01%	-28.3%	Q3 2018
QQQInvesco QQQ Trust, Series 1	$3.25M	1.96%	Not reported	+2.6%	Q2 2018
AMZNAmazon Com Inc	$2.65M	1.60%	0.00%	-1.4%	Q2 2018
MSFTMicrosoft Corp	$2.41M	1.45%	0.00%	+1.7%	Q2 2018
CATCaterpillar Inc	$1.37M	0.82%	0.00%	+2.7%	Q2 2023
AAPLApple Inc.	$1.17M	0.71%	0.00%	+5.7%	Q2 2018
GOOGAlphabet Inc.	$991K	0.60%	Not reported	+8.0%	Q3 2018
GOOGLAlphabet Inc.	$862K	0.52%	0.00%	-2.8%	Q2 2018
NVDANvidia Corp	$707K	0.43%	0.00%	+4.8%	Q4 2021
JPMJPMorgan Chase & Co	$606K	0.36%	0.00%	+13.9%	Q2 2018
PHYSSprott Physical Gold Trust	$543K	0.33%	0.00%	New	Q2 2026
EMXCEmax Holdings Corp	$408K	0.25%	Not reported	+12.5%	Q4 2023
VVisa Inc.	$374K	0.23%	0.00%	Not reported	Q2 2018
ABBVAbbVie Inc.	$326K	0.20%	0.00%	+4.4%	Q4 2021
IAUIshares Gold Trust	$294K	0.18%	0.00%	Not reported	Q2 2018
KOCoca Cola Co	$294K	0.18%	0.00%	+3.6%	Q1 2019
BACBank of America Corp	$283K	0.17%	0.00%	+8.8%	Q2 2018
METAMeta Platforms, Inc.	$264K	0.16%	Not reported	Not reported	Q2 2018
KKRKKR & Co. Inc.	$262K	0.16%	0.00%	Not reported	Q2 2023
DIASPDR Dow Jones Industrial Average ETF Trust	$261K	0.16%	Not reported	Not reported	Q4 2020
ABTAbbott Laboratories	$246K	0.15%	0.00%	Not reported	Q2 2023
BKNGBooking Holdings Inc.	$236K	0.14%	0.00%	-58.6%	Q3 2018
BXBlackstone Inc.	$235K	0.14%	0.00%	Not reported	Q2 2023
MAMastercard Inc	$221K	0.13%	0.00%	+2.9%	Q3 2018
TSLATesla, Inc.	$216K	0.13%	0.00%	+8.0%	Q1 2022
SUSASouthern USA Resources Inc.	$207K	0.12%	Not reported	Not reported	Q3 2018
AVGOBroadcom Inc.	$202K	0.12%	0.00%	Not reported	Q2 2018
RMDResmed Inc	$198K	0.12%	0.00%	Not reported	Q2 2024
CCitigroup Inc	$196K	0.12%	0.00%	Not reported	Q1 2019
AEPAmerican Electric Power Co Inc	$193K	0.12%	0.00%	Not reported	Q4 2023
INTCIntel Corp	$183K	0.11%	0.00%	Not reported	Q4 2021
LLYELI LILLY & Co	$161K	0.10%	0.00%	+6.4%	Q3 2023
YUMYum Brands Inc	$155K	0.09%	0.00%	Not reported	Q3 2018
MOAltria Group, Inc.	$151K	0.09%	0.00%	Not reported	Q3 2018
QCOMQualcomm Inc	$151K	0.09%	0.00%	+8.7%	Q2 2023
XOMExxonMobil Holdings Corp	$151K	0.09%	0.00%	+4.8%	Q4 2023
MCDMcdonalds Corp	$141K	0.08%	0.00%	+4.0%	Q2 2023
AMDAdvanced Micro Devices Inc	$137K	0.08%	0.00%	Not reported	Q1 2025
BRK.BBerkshire Hathaway Inc	$105K	0.06%	Not reported	+91.7%	Q2 2018
MRKMerck & Co., Inc.	$101K	0.06%	0.00%	Not reported	Q1 2019
WMTWalmart Inc.	$97.2K	0.06%	0.00%	+35.1%	Q2 2025
FEPFranklin Electronic Publishers Inc	$94.7K	0.06%	Not reported	New	Q2 2026
PEPPepsico Inc	$94.4K	0.06%	0.00%	Not reported	Q2 2018
GLWCorning Inc	$88.1K	0.05%	0.00%	Not reported	Q2 2018
HONHoneywell International Inc	$88K	0.05%	0.00%	+9.8%	Q4 2021
SLViShares Silver Trust	$86.9K	0.05%	0.00%	Not reported	Q4 2022
MMM3m Co	$85.8K	0.05%	0.00%	Not reported	Q3 2018
GBTCGrayscale Bitcoin Trust ETF	$83.5K	0.05%	0.00%	Not reported	Q1 2024
PMPhilip Morris International Inc.	$83.2K	0.05%	0.00%	Not reported	Q2 2018

Q1 2026Reported May 5, 2026121 positions
SPYSPDR S&P 500 ETF Trust	$27.7M	14.08%	Not reported	+9.3%	Q2 2018
GLDSPDR Gold Trust	$13.5M	6.87%	0.01%	0.0%	Q3 2018
QQQInvesco QQQ Trust, Series 1	$2.48M	1.26%	Not reported	-7.2%	Q2 2018
AMZNAmazon Com Inc	$2.41M	1.23%	0.00%	+1.0%	Q2 2018
MSFTMicrosoft Corp	$2.4M	1.22%	0.00%	+1.8%	Q2 2018
AAPLApple Inc.	$975K	0.50%	0.00%	-15.4%	Q2 2018
CATCaterpillar Inc	$884K	0.45%	0.00%	Not reported	Q2 2023
GOOGAlphabet Inc.	$745K	0.38%	Not reported	-24.7%	Q3 2018
GOOGLAlphabet Inc.	$714K	0.36%	0.00%	+2.9%	Q2 2018
NVDANvidia Corp	$588K	0.30%	0.00%	Not reported	Q4 2021
JPMJPMorgan Chase & Co	$475K	0.24%	0.00%	Not reported	Q2 2018
IAUIshares Gold Trust	$343K	0.17%	0.00%	Not reported	Q2 2018
VVisa Inc.	$330K	0.17%	0.00%	Not reported	Q2 2018
EMXCEmax Holdings Corp	$279K	0.14%	Not reported	Not reported	Q4 2023
ABTAbbott Laboratories	$276K	0.14%	0.00%	Not reported	Q2 2023
METAMeta Platforms, Inc.	$268K	0.14%	Not reported	Not reported	Q2 2018
ABBVAbbVie Inc.	$267K	0.14%	0.00%	Not reported	Q4 2021
KOCoca Cola Co	$266K	0.14%	0.00%	Not reported	Q1 2019
KKRKKR & Co. Inc.	$264K	0.13%	0.00%	Not reported	Q2 2023
DIASPDR Dow Jones Industrial Average ETF Trust	$231K	0.12%	Not reported	Not reported	Q4 2020
RMDResmed Inc	$229K	0.12%	0.00%	Not reported	Q2 2024
BXBlackstone Inc.	$228K	0.12%	0.00%	Not reported	Q2 2023
BACBank of America Corp	$223K	0.11%	0.00%	Not reported	Q2 2018
MAMastercard Inc	$209K	0.11%	0.00%	Not reported	Q3 2018
AEPAmerican Electric Power Co Inc	$185K	0.09%	0.00%	Not reported	Q4 2023
XOMExxonMobil Holdings Corp	$178K	0.09%	0.00%	Not reported	Q4 2023
SUSASouthern USA Resources Inc.	$177K	0.09%	Not reported	Not reported	Q3 2018
TSLATesla, Inc.	$177K	0.09%	0.00%	-5.9%	Q1 2022
AVGOBroadcom Inc.	$166K	0.08%	0.00%	Not reported	Q2 2018
HONHoneywell International Inc	$162K	0.08%	0.00%	Not reported	Q4 2021
CCitigroup Inc	$158K	0.08%	0.00%	Not reported	Q1 2019
MCDMcdonalds Corp	$155K	0.08%	0.00%	Not reported	Q2 2023
YUMYum Brands Inc	$151K	0.08%	0.00%	Not reported	Q3 2018
MOAltria Group, Inc.	$139K	0.07%	0.00%	Not reported	Q3 2018
ZTSZoetis Inc.	$118K	0.06%	0.00%	Not reported	Q4 2019
LLYELI LILLY & Co	$116K	0.06%	0.00%	Not reported	Q3 2023
SLViShares Silver Trust	$111K	0.06%	0.00%	-2.5%	Q4 2022
PEPPepsico Inc	$108K	0.06%	0.00%	Not reported	Q2 2018
GBTCGrayscale Bitcoin Trust ETF	$96.8K	0.05%	0.00%	Not reported	Q1 2024
QCOMQualcomm Inc	$96.6K	0.05%	0.00%	-7.4%	Q2 2023
BRBroadridge Financial Solutions, Inc.	$96.5K	0.05%	0.00%	Not reported	Q4 2025
MRKMerck & Co., Inc.	$94.8K	0.05%	0.00%	Not reported	Q1 2019
ADSKAutodesk, Inc.	$91.7K	0.05%	0.00%	Not reported	Q2 2023
VZVerizon Communications Inc	$83.6K	0.04%	0.00%	-22.1%	Q1 2019
WMTWalmart Inc.	$79K	0.04%	0.00%	Not reported	Q2 2025
MMM3m Co	$77K	0.04%	0.00%	Not reported	Q3 2018
PMPhilip Morris International Inc.	$76.1K	0.04%	0.00%	Not reported	Q2 2018
AJGArthur J. Gallagher & Co.	$63K	0.03%	0.00%	Not reported	Q1 2024
CVXChevron Corp	$61K	0.03%	0.00%	Not reported	Q2 2018
GSGoldman Sachs Group Inc	$60.9K	0.03%	0.00%	Not reported	Q2 2025

Q4 2025Reported Jan 29, 2026133 positions
SPYSPDR S&P 500 ETF Trust	$26.6M	13.71%	Not reported	-3.6%	Q2 2018
GLDSPDR Gold Trust	$12.4M	6.42%	0.01%	+2.4%	Q3 2018
MSFTMicrosoft Corp	$3.08M	1.59%	0.00%	-0.1%	Q2 2018
QQQInvesco QQQ Trust, Series 1	$2.85M	1.47%	Not reported	+0.4%	Q2 2018
AMZNAmazon Com Inc	$2.64M	1.37%	0.00%	-3.3%	Q2 2018
AAPLApple Inc.	$1.23M	0.64%	0.00%	-4.6%	Q2 2018
GOOGAlphabet Inc.	$1.08M	0.56%	Not reported	Not reported	Q3 2018
GOOGLAlphabet Inc.	$755K	0.39%	0.00%	+3.5%	Q2 2018
CATCaterpillar Inc	$714K	0.37%	0.00%	Not reported	Q2 2023
NVDANvidia Corp	$629K	0.32%	0.00%	+1.6%	Q4 2021
JPMJPMorgan Chase & Co	$521K	0.27%	0.00%	+2.0%	Q2 2018
VVisa Inc.	$383K	0.20%	0.00%	Not reported	Q2 2018
KKRKKR & Co. Inc.	$363K	0.19%	0.00%	Not reported	Q2 2023
ABTAbbott Laboratories	$337K	0.17%	0.00%	Not reported	Q2 2023
IAUIshares Gold Trust	$316K	0.16%	0.00%	+5.7%	Q2 2018
METAMeta Platforms, Inc.	$309K	0.16%	Not reported	Not reported	Q2 2018
BXBlackstone Inc.	$308K	0.16%	0.00%	Not reported	Q2 2023
BKNGBooking Holdings Inc.	$284K	0.15%	0.00%	+6.0%	Q3 2018
ABBVAbbVie Inc.	$281K	0.15%	0.00%	Not reported	Q4 2021
EMXCEmax Holdings Corp	$258K	0.13%	Not reported	Not reported	Q4 2023
BACBank of America Corp	$251K	0.13%	0.00%	Not reported	Q2 2018
RMDResmed Inc	$245K	0.13%	0.00%	+3.8%	Q2 2024
KOCoca Cola Co	$244K	0.13%	0.00%	Not reported	Q1 2019
DIASPDR Dow Jones Industrial Average ETF Trust	$240K	0.12%	Not reported	Not reported	Q4 2020
MAMastercard Inc	$238K	0.12%	0.00%	+14.8%	Q3 2018
TSLATesla, Inc.	$228K	0.12%	0.00%	Not reported	Q1 2022
VYMDelaware Investments Minnesota Municipal Income Fund III Inc	$223K	0.12%	Not reported	Not reported	Q2 2018
SUSASouthern USA Resources Inc.	$187K	0.10%	Not reported	Not reported	Q3 2018
AVGOBroadcom Inc.	$186K	0.10%	0.00%	Not reported	Q2 2018
AZNAstrazeneca PLC	$175K	0.09%	Not reported	Not reported	Q2 2023
CCitigroup Inc	$163K	0.08%	0.00%	Not reported	Q1 2019
AEPAmerican Electric Power Co Inc	$163K	0.08%	0.00%	Not reported	Q4 2023
BSVNBank7 Corp.	$162K	0.08%	0.02%	Not reported	Q2 2025
MCDMcdonalds Corp	$153K	0.08%	0.00%	Not reported	Q2 2023
YUMYum Brands Inc	$147K	0.08%	0.00%	Not reported	Q3 2018
HONHoneywell International Inc	$140K	0.07%	0.00%	Not reported	Q4 2021
QCOMQualcomm Inc	$139K	0.07%	0.00%	Not reported	Q2 2023
LLYELI LILLY & Co	$135K	0.07%	0.00%	Not reported	Q3 2023
BRBroadridge Financial Solutions, Inc.	$133K	0.07%	0.00%	New	Q4 2025
XOMExxonMobil Holdings Corp	$126K	0.07%	0.00%	+20.7%	Q4 2023
GBTCGrayscale Bitcoin Trust ETF	$125K	0.06%	0.00%	Not reported	Q1 2024
ZTSZoetis Inc.	$125K	0.06%	0.00%	Not reported	Q4 2019
MDLZMondelez International, Inc.	$124K	0.06%	0.00%	Not reported	Q2 2023
MOAltria Group, Inc.	$121K	0.06%	0.00%	Not reported	Q3 2018
ADSKAutodesk, Inc.	$113K	0.06%	0.00%	Not reported	Q2 2023
SLViShares Silver Trust	$107K	0.06%	0.00%	+13.0%	Q4 2022
PEPPepsico Inc	$100K	0.05%	0.00%	Not reported	Q2 2018
VZVerizon Communications Inc	$86.8K	0.04%	0.00%	-18.7%	Q1 2019
CRMSalesforce, Inc.	$86.4K	0.04%	0.00%	Not reported	Q3 2021
MMM3m Co	$84.9K	0.04%	0.00%	-33.8%	Q3 2018

Q3 2025Reported Nov 5, 2025135 positions
SPYSPDR S&P 500 ETF Trust	$26.9M	14.18%	Not reported	+1.4%	Q2 2018
GLDSPDR Gold Trust	$10.9M	5.74%	0.01%	+6.4%	Q3 2018
MSFTMicrosoft Corp	$3.31M	1.74%	0.00%	-1.4%	Q2 2018
QQQInvesco QQQ Trust, Series 1	$2.77M	1.46%	Not reported	Not reported	Q2 2018
AMZNAmazon Com Inc	$2.6M	1.37%	0.00%	-1.6%	Q2 2018
AAPLApple Inc.	$1.21M	0.64%	0.00%	Not reported	Q2 2018
GOOGAlphabet Inc.	$840K	0.44%	Not reported	Not reported	Q3 2018
NVDANvidia Corp	$620K	0.33%	0.00%	-0.8%	Q4 2021
CATCaterpillar Inc	$595K	0.31%	0.00%	Not reported	Q2 2023
GOOGLAlphabet Inc.	$567K	0.30%	0.00%	Not reported	Q2 2018
JPMJPMorgan Chase & Co	$500K	0.26%	0.00%	+0.6%	Q2 2018
VVisa Inc.	$372K	0.20%	0.00%	Not reported	Q2 2018
KKRKKR & Co. Inc.	$370K	0.20%	0.00%	Not reported	Q2 2023
ABTAbbott Laboratories	$361K	0.19%	0.00%	Not reported	Q2 2023
METAMeta Platforms, Inc.	$344K	0.18%	Not reported	-1.1%	Q2 2018
BXBlackstone Inc.	$342K	0.18%	0.00%	Not reported	Q2 2023
EAElectronic Arts Inc.	$314K	0.17%	Not reported	+0.9%	Q1 2024
ABBVAbbVie Inc.	$285K	0.15%	0.00%	Not reported	Q4 2021
BKNGBooking Holdings Inc.	$270K	0.14%	0.00%	+6.4%	Q3 2018
RMDResmed Inc	$269K	0.14%	0.00%	+14.9%	Q2 2024
IAUIshares Gold Trust	$268K	0.14%	0.00%	+77.9%	Q2 2018
EMXCEmax Holdings Corp	$239K	0.13%	Not reported	Not reported	Q4 2023
BACBank of America Corp	$236K	0.12%	0.00%	+3.3%	Q2 2018
DIASPDR Dow Jones Industrial Average ETF Trust	$232K	0.12%	Not reported	Not reported	Q4 2020
KOCoca Cola Co	$232K	0.12%	0.00%	-3.6%	Q1 2019
TSLATesla, Inc.	$225K	0.12%	0.00%	+6.3%	Q1 2022
VYMDelaware Investments Minnesota Municipal Income Fund III Inc	$219K	0.12%	Not reported	Not reported	Q2 2018
MAMastercard Inc	$207K	0.11%	0.00%	Not reported	Q3 2018
SUSASouthern USA Resources Inc.	$182K	0.10%	Not reported	Not reported	Q3 2018
AVGOBroadcom Inc.	$177K	0.09%	0.00%	-3.6%	Q2 2018
GBTCGrayscale Bitcoin Trust ETF	$165K	0.09%	0.00%	Not reported	Q1 2024
BSVNBank7 Corp.	$162K	0.09%	0.02%	-8.5%	Q2 2025
AEPAmerican Electric Power Co Inc	$159K	0.08%	0.00%	+6.8%	Q4 2023
MCDMcdonalds Corp	$152K	0.08%	0.00%	Not reported	Q2 2023
HONHoneywell International Inc	$151K	0.08%	0.00%	-23.2%	Q4 2021
YUMYum Brands Inc	$147K	0.08%	0.00%	Not reported	Q3 2018
ZTSZoetis Inc.	$146K	0.08%	0.00%	-2.6%	Q4 2019
AZNAstrazeneca PLC	$146K	0.08%	Not reported	Not reported	Q2 2023
MDLZMondelez International, Inc.	$144K	0.08%	0.00%	Not reported	Q2 2023
CCitigroup Inc	$142K	0.07%	0.00%	Not reported	Q1 2019
MOAltria Group, Inc.	$139K	0.07%	0.00%	Not reported	Q3 2018
QCOMQualcomm Inc	$135K	0.07%	0.00%	Not reported	Q2 2023
MMM3m Co	$124K	0.07%	0.00%	Not reported	Q3 2018
ADSKAutodesk, Inc.	$122K	0.06%	0.00%	Not reported	Q2 2023
VZVerizon Communications Inc	$115K	0.06%	0.00%	+6.8%	Q1 2019
COINCoinbase Global, Inc.	$104K	0.05%	0.00%	Not reported	Q3 2024
XOMExxonMobil Holdings Corp	$98.2K	0.05%	0.00%	+13.9%	Q4 2023
PEPPepsico Inc	$97.9K	0.05%	0.00%	+3.7%	Q2 2018
LLYELI LILLY & Co	$96.1K	0.05%	0.00%	-21.7%	Q3 2023
AJGArthur J. Gallagher & Co.	$90.1K	0.05%	0.00%	Not reported	Q1 2024

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