Paulson Wealth Management Inc. — Q4 2025 13F Holdings

Name: Paulson Wealth Management Inc. — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001731878

Total reported value

$426.7M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IWF	Ishares Russell 1000 Growth	ETF-Other	14.65%	-0.52%	-5.36%
2	IWD	Ishares Russell 1000 Value E	ETF-Other	13.14%	+0.56%	-3.85%
3	EFA	Ishares Msci Eafe ETF	ETF-Other	8.11%	+0.33%	-1.74%
4	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	8.09%	+0.53%	+2.19%
5	AAPL	Apple INC	Stock-Tech	6.00%	-0.33%	-1.59%
6	VCSH	Vanguard S/t CORP Bond ETF	ETF-Corp Bonds	4.53%	-0.17%	+13.71%
7	CWB	Ss Spdr Bb Conv Sec ETF	ETF-Other	3.42%	-1.27%	+2.45%
8	NBSD	Neuberger Short Duration INC	ETF-Other	2.91%	+0.46%	+12.35%
9	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	2.88%	-0.10%	-5.54%
10	IEI	Ishares 3-7 Year Treasury Bo	ETF-Gov Bonds	2.66%	+0.52%	+7.92%
11	VEA	Vanguard Ftse Developed ETF	ETF-Other	2.51%	+0.16%	+0.06%
12	MDY	State Street Spdr S&p Midcap	ETF-Other	1.59%	+0.21%	+7.39%
13	SPSM	Ss Spdr P S&p 600 Small Cap	ETF-Small Cap	1.40%	+0.21%	+6.19%
14	PFF	Ishares Preferred & Income S	ETF-Other	1.25%	+0.10%	+5.67%
15	SHM	Ss Spdr N Ice St Muni ETF	ETF-Other	1.18%	-0.04%	+144.50%
16	INMU	Ishares Intermediate Muni In	ETF-Other	1.12%	+0.17%	-1.83%
17	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	1.06%	—	-0.23%
18	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	1.01%	+0.41%	+80.28%
19	SCHX	Schwab US Large-cap ETF	ETF-Other	0.97%	—	-11.22%
20	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.92%	-0.29%	-3.82%
21	MINT	Pimco Enhanced Short Maturit	ETF-Other	0.84%	-0.11%	+779.77%
22	MINO	Pimco Municipal Income Oppor	ETF-Other	0.82%	+0.16%	+13.80%
23	MUNI	Pimco Intermediate Municipal	ETF-Other	0.77%	+0.07%	-2.43%
24	MSFT	Microsoft CORP	Stock-Tech	0.67%	-0.18%	-0.30%
25	JPM	Jpmorgan Chase & Co	Stock-Financials	0.60%	-0.06%	-4.11%
26	LAZ	Lazard INC	Stock-Financials	0.55%	-0.06%	—
27	DIA	Ss Spdr Dow Jones Indus Avg	ETF-Large Cap & Growth	0.42%	—	+1.09%
28	BIL	Ss Spdr Bb 1-3m T-bill ETF	ETF-Gov Bonds	0.42%	-0.15%	-21.51%
29	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.42%	—	+1.86%
30	AVGO	Broadcom INC	Stock-Tech	0.39%	-0.05%	-6.55%
31	NVDA	Nvidia CORP	Stock-Tech	0.39%	-0.05%	+2.13%
32	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	0.37%	-0.08%	-36.25%
33	JNJ	Johnson & Johnson	Stock-Healthcare	0.34%	—	-4.69%
34	BSMR	Invesco Bulletshares 2027 Mb	ETF-Other	0.33%	+0.11%	+4.81%
35	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.33%	-0.13%	-36.55%
36	BSMQ	Invesco Bulletshares 2026 Mb	ETF-Other	0.32%	+0.09%	+4.77%
37	VB	Vanguard Small-cap ETF	ETF-Other	0.31%	—	-12.69%
38	V	Visa Inc-class A Shares	Stock-Financials	0.31%	—	-0.72%
39	SPTM	Ss Spdr P S&p 1500 Comp ETF	ETF-Other	0.27%	—	-5.09%
40	LLY	Eli Lilly & Co	Stock-Healthcare	0.27%	—	—
41	ABBV	Abbvie INC	Stock-Healthcare	0.27%	—	-7.25%
42	IWV	Ishares Russell 3000 ETF	ETF-Other	0.26%	-0.26%	EXIT
43	AMZN	Amazon.com INC	Stock-Consumer Disc	0.25%	-0.05%	—
44	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.25%	—	-13.17%
45	SCHA	Schwab US Small-cap ETF	ETF-Other	0.24%	—	-6.82%
46	QQQE	Dirx Nasdaq-100eq Wi Etf-usd	ETF-Tech	0.24%	—	-6.76%
47	TXN	Texas Instruments INC	Stock-Tech	0.24%	—	-2.89%
48	AMGN	Amgen INC	Stock-Healthcare	0.23%	-0.07%	+1.21%
49	CSCO	Cisco Systems INC	Stock-Tech	0.23%	—	-2.79%
50	HD	Home Depot INC	Stock-Consumer Disc	0.23%	—	-4.09%

1–50 of 136

Holding changes this quarter

Position changes disclosed by Paulson Wealth Management Inc. for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	MINT	Pimco Enhanced Short Maturit	+0.7%	+779.77%	Add
2	SHM	Ss Spdr N Ice St Muni ETF	+0.7%	+144.50%	Add
3	VCSH	Vanguard S/t CORP Bond ETF	+0.4%	+13.71%	Add
4	RSP	Invesco S&p 500 Equal Weight	+0.4%	+80.28%	Add
5	NBSD	Neuberger Short Duration INC	+0.3%	+12.35%	Add
6	AAPL	Apple INC	+0.2%	-1.59%	Trim
7	IEI	Ishares 3-7 Year Treasury Bo	+0.1%	+7.92%	Add
8	IWM	Ishares Russell 2000 ETF	+0.1%	+2.19%	Add
9	MDY	State Street Spdr S&p Midcap	+0.1%	+7.39%	Add
10	MINO	Pimco Municipal Income Oppor	+0.1%	+13.80%	Add
11	SPSM	Ss Spdr P S&p 600 Small Cap	+0.1%	+6.19%	Add
12	LLY	Eli Lilly & Co	+0.1%	—	Unchanged
13	VEA	Vanguard Ftse Developed ETF	+0.1%	+0.06%	Add
14	BSMT	Invesco Bulletshares 2029 Mb	0%	+27.40%	Add
15	MRK	Merck & Co. INC.	0%	-2.68%	Trim
16	VIG	Vanguard Dividend Apprec ETF	0%	+48.00%	Add
17	CAT	Caterpillar INC	0%	-1.79%	Trim
18	AMGN	Amgen INC	0%	+1.21%	Add
19	SANM	Sanmina CORP	0%	-2.49%	Trim
20	PFF	Ishares Preferred & Income S	0%	+5.67%	Add
21	ABBV	Abbvie INC	0%	-7.25%	Trim
22	VOT	Vanguard Mid-cap Growth ETF	0%	-28.39%	Trim
23	MUB	Ishares National Muni Bond E	0%	-26.00%	Trim
24	CWB	Ss Spdr Bb Conv Sec ETF	0%	+2.45%	Add
25	UNH	Unitedhealth Group INC	-0.1%	-19.93%	Trim
26	VB	Vanguard Small-cap ETF	-0.1%	-12.69%	Trim
27	CRWD	Crowdstrike Holdings INC - A	-0.1%	-50.76%	Trim
28	PG	Procter & Gamble Co/the	-0.1%	-28.83%	Trim
29	HD	Home Depot INC	-0.1%	-4.09%	Trim
30	LAZ	Lazard INC	-0.1%	—	Unchanged
31	VBR	Vanguard Small-cap Value ETF	-0.1%	-35.11%	Trim
32	COST	Costco Wholesale CORP	-0.1%	-13.17%	Trim
33	MSFT	Microsoft CORP	-0.1%	-0.30%	Trim
34	ORCL	Oracle CORP	-0.1%	-30.04%	Trim
35	GOOG	Alphabet Inc-cl C	-0.1%	-36.55%	Trim
36	GOOGL	Alphabet Inc-cl A	-0.1%	-36.25%	Trim
37	EFA	Ishares Msci Eafe ETF	-0.1%	-1.74%	Trim
38	BIL	Ss Spdr Bb 1-3m T-bill ETF	-0.1%	-21.51%	Trim
39	SCHX	Schwab US Large-cap ETF	-0.1%	-11.22%	Trim
40	SPY	Ss Spdr S&p 500 ETF Trust-us	-0.2%	-5.54%	Trim
41	IWD	Ishares Russell 1000 Value E	-0.4%	-3.85%	Trim
42	IWF	Ishares Russell 1000 Growth	-1%	-5.36%	Trim
43	BSGT	Invesco Bulletshares 2029 Treasury Bond ETF	—	EXIT	Sold out
44	BSMU	Invesco Bulletshares 2030 Mb	—	NEW	New buy
45	IVE	Ishares S&p 500 Value ETF	—	NEW	New buy
46	VTV	Vanguard Value ETF	—	NEW	New buy
47	AXP	American Express Co	—	NEW	New buy
48	MTH	Meritage Homes CORP	—	EXIT	Sold out
49	LIN	Linde plc	—	EXIT	Sold out
50	CMCSA	Comcast Corp-class A	—	EXIT	Sold out