WADDELL & ASSOCIATES, LLC

Filed: 11/10/2025ACC: 0001765380-25-000463

📋 What this filing means

WADDELL & ASSOCIATES, LLC filed this quarterly 13F‑HR report disclosing 325 equity positions with a total reported market value of $1.18B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

325

Positions

$1.18B

Total AUM (reported)

18.52M

Total Shares

Allocation by class

COM$258.88M22.0%

US INFR DEV ETF$90.12M7.7%

UTSER1 S&PDCRP$88.41M7.5%

US QTLY DIV GRT$87.02M7.4%

FUNDAMENTAL US S$86.69M7.4%

ADAPTIVE US$71.65M6.1%

SHILLER CAPE U S$66.93M5.7%

Portfolio Concentration

Top 3$284.65M24.2%

4–10$479.96M40.8%

11–25$217.91M18.5%

Rest$192.93M16.4%

Top 3 weight

24.2%

Top 10 weight

65.0%

Voting Authority Distribution

Total shares with voting rights: 18.52M

Sole

Full voting authority

644.50K

% of voting shares3.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

17.88M

% of voting shares96.5%

Investment Discretion (by position count)

Sole325

Shared0

Other0

Dominant voting typeNone · 96.5% of voting shares

Institutional Holdings325

Rows:

FEDEX CORP

SOLE

COM

Shares450.02K

TypeSH

Market value$106.12M

9.03%

Sole

308.00

Shared

0.00

None

449.71K

GLOBAL X FDS

SOLE

US INFR DEV ETF

Shares1.89M

TypeSH

Market value$90.12M

7.67%

Sole

73.15K

Shared

0.00

None

1.82M

SPDR S&P MIDCAP 400 ETF TR

SOLE

UTSER1 S&PDCRP

Shares148.33K

TypeSH

Market value$88.41M

7.52%

Sole

6.82K

Shared

0.00

None

141.51K

WISDOMTREE TR

SOLE

US QTLY DIV GRT

Shares978.14K

TypeSH

Market value$87.02M

7.40%

Sole

47.80K

Shared

0.00

None

930.34K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL US S

Shares2.78M

TypeSH

Market value$86.69M

7.38%

Sole

135.99K

Shared

0.00

None

2.65M

GLOBAL X FDS

SOLE

ADAPTIVE US

Shares1.54M

TypeSH

Market value$71.65M

6.10%

Sole

65.75K

Shared

0.00

None

1.47M

DOUBLELINE ETF TRUST

SOLE

SHILLER CAPE U S

Shares2.05M

TypeSH

Market value$66.93M

5.69%

Sole

89.74K

Shared

0.00

None

1.96M

SCHWAB STRATEGIC TR

SOLE

1000 INDEX ETF

Shares2.05M

TypeSH

Market value$65.86M

5.60%

Sole

78.12K

Shared

0.00

None

1.97M

ISHARES TR

SOLE

CORE MSCI EAFE

Shares604.51K

TypeSH

Market value$52.78M

4.49%

Sole

21.14K

Shared

0.00

None

583.37K

INVESCO EXCH TRADED FD TR II

SOLE

NASDAQ 100 ETF

Shares198.40K

TypeSH

Market value$49.03M

4.17%

Sole

9.22K

Shared

0.00

None

189.18K

SPDR INDEX SHS FDS

SOLE

S&P EMKTSC ETF

Shares647.05K

TypeSH

Market value$43.54M

3.70%

Sole

31.22K

Shared

0.00

None

615.84K

AMERICAN CENTY ETF TR

SOLE

AVANTIS EMGMKT

Shares553.96K

TypeSH

Market value$41.61M

3.54%

Sole

25.64K

Shared

0.00

None

528.32K

DIREXION SHS ETF TR

SOLE

NAS100 EQL WGT

Shares407.90K

TypeSH

Market value$41.45M

3.53%

Sole

16.40K

Shared

0.00

None

391.50K

APPLE INC

SOLE

COM

Shares58.95K

TypeSH

Market value$15.01M

1.28%

Sole

468.00

Shared

0.00

None

58.48K

MICROSOFT CORP

SOLE

COM

Shares19.42K

TypeSH

Market value$10.06M

0.86%

Sole

569.00

Shared

0.00

None

18.85K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares13.82K

TypeSH

Market value$9.20M

0.78%

Sole

0.00

Shared

0.00

None

13.82K

NVIDIA CORPORATION

SOLE

COM

Shares48.24K

TypeSH

Market value$9.00M

0.77%

Sole

0.00

Shared

0.00

None

48.24K

DOUBLELINE ETF TRUST

SOLE

OPPORTUNISTIC CO

Shares181.96K

TypeSH

Market value$8.47M

0.72%

Sole

13.87K

Shared

0.00

None

168.08K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares15.33K

TypeSH

Market value$7.71M

0.66%

Sole

525.00

Shared

0.00

None

14.81K

TWO RDS SHARED TR

SOLE

CONDCTR GBL EQTY

Shares402.69K

TypeSH

Market value$5.91M

0.50%

Sole

0.00

Shared

0.00

None

402.69K

SPROTT ASSET MANAGEMENT LP

SOLE

PHYSICAL SILVER

Shares354.38K

TypeSH

Market value$5.56M

0.47%

Sole

0.00

Shared

0.00

None

354.38K

ISHARES TR

SOLE

MSCI USA VALUE

Shares42.50K

TypeSH

Market value$5.31M

0.45%

Sole

0.00

Shared

0.00

None

42.50K

ISHARES TR

SOLE

RUS 1000 GRW ETF

Shares11.24K

TypeSH

Market value$5.27M

0.45%

Sole

0.00

Shared

0.00

None

11.24K

WALMART INC

SOLE

COM

Shares50.97K

TypeSH

Market value$5.25M

0.45%

Sole

165.00

Shared

0.00

None

50.80K

ALPHABET INC

SOLE

CAP STK CL C

Shares18.72K

TypeSH

Market value$4.56M

0.39%

Sole

275.00

Shared

0.00

None

18.45K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
FEDEX CORPSOLE	COM	450.02K	SH	$106.12M 9.03%	308.00	449.71K
GLOBAL X FDSSOLE	US INFR DEV ETF	1.89M	SH	$90.12M 7.67%	73.15K	1.82M
SPDR S&P MIDCAP 400 ETF TRSOLE	UTSER1 S&PDCRP	148.33K	SH	$88.41M 7.52%	6.82K	141.51K
WISDOMTREE TRSOLE	US QTLY DIV GRT	978.14K	SH	$87.02M 7.40%	47.80K	930.34K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL US S	2.78M	SH	$86.69M 7.38%	135.99K	2.65M
GLOBAL X FDSSOLE	ADAPTIVE US	1.54M	SH	$71.65M 6.10%	65.75K	1.47M
DOUBLELINE ETF TRUSTSOLE	SHILLER CAPE U S	2.05M	SH	$66.93M 5.69%	89.74K	1.96M
SCHWAB STRATEGIC TRSOLE	1000 INDEX ETF	2.05M	SH	$65.86M 5.60%	78.12K	1.97M
ISHARES TRSOLE	CORE MSCI EAFE	604.51K	SH	$52.78M 4.49%	21.14K	583.37K
INVESCO EXCH TRADED FD TR IISOLE	NASDAQ 100 ETF	198.40K	SH	$49.03M 4.17%	9.22K	189.18K
SPDR INDEX SHS FDSSOLE	S&P EMKTSC ETF	647.05K	SH	$43.54M 3.70%	31.22K	615.84K
AMERICAN CENTY ETF TRSOLE	AVANTIS EMGMKT	553.96K	SH	$41.61M 3.54%	25.64K	528.32K
DIREXION SHS ETF TRSOLE	NAS100 EQL WGT	407.90K	SH	$41.45M 3.53%	16.40K	391.50K
APPLE INCSOLE	COM	58.95K	SH	$15.01M 1.28%	468.00	58.48K
MICROSOFT CORPSOLE	COM	19.42K	SH	$10.06M 0.86%	569.00	18.85K
SPDR S&P 500 ETF TRSOLE	TR UNIT	13.82K	SH	$9.20M 0.78%	0.00	13.82K
NVIDIA CORPORATIONSOLE	COM	48.24K	SH	$9.00M 0.77%	0.00	48.24K
DOUBLELINE ETF TRUSTSOLE	OPPORTUNISTIC CO	181.96K	SH	$8.47M 0.72%	13.87K	168.08K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	15.33K	SH	$7.71M 0.66%	525.00	14.81K
TWO RDS SHARED TRSOLE	CONDCTR GBL EQTY	402.69K	SH	$5.91M 0.50%	0.00	402.69K
SPROTT ASSET MANAGEMENT LPSOLE	PHYSICAL SILVER	354.38K	SH	$5.56M 0.47%	0.00	354.38K
ISHARES TRSOLE	MSCI USA VALUE	42.50K	SH	$5.31M 0.45%	0.00	42.50K
ISHARES TRSOLE	RUS 1000 GRW ETF	11.24K	SH	$5.27M 0.45%	0.00	11.24K
WALMART INCSOLE	COM	50.97K	SH	$5.25M 0.45%	165.00	50.80K
ALPHABET INCSOLE	CAP STK CL C	18.72K	SH	$4.56M 0.39%	275.00	18.45K

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