Midwestern Financial, LLC /IA

Registered adviser

CIK

2083276

Location

IOWA CITY, IA

Portfolio Value

Small $142,878,148

Diversification

Diversified

Filing Date

Global Rank

#7,587 / 8,827 ▼ 74

Top Industry

Internet Content & Information 22.1%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

5 quarters · since Jun 2025

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 270022

Roster of Nov 1, 2026

Regulatory AUM

$172,843,118

Main clients

Individuals and high net worth (98% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$172,843,118	Individuals and high net worth (98%)
May 2025 to Mar 2026	$139,287,189	Individuals and high net worth (98%)

Stated strategy

Fundamental active, Value, Index / passive, Multi-asset, Wealth management / planning Form ADV Part 2A, Mar 27, 2026 · original

In the firm's words

Fundamental active: Our primary methods of investment analysis are fundamental and cyclical analysis
Value: The resulting data is used to measure the true value of the company’s stock compared to the current market value.
Index / passive: The funds that are used to build passive portfolios are typically index mutual funds or exchange traded funds.
Multi-asset: Passive investing involves building portfolios that are comprised of various distinct asset classes.
Wealth management / planning: We also provide individuals with custom portfolios to meet their personal investment strategies, designed to achieve each client’s unique financial goals.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 83.3% of the book (60%+)

Turnover

Low turnover

11.5% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 5.0 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 83.7%; sector active share 78.9% against the combined 13F book's sector weights.

Over time 5 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

54 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

20.9%

−0.4 pts

Top 5

68.0%

+0.1 pts

Top 10

83.3%

+0.3 pts

HHI

1,145

Diversified−11

Portfolio Trend

5 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	91.8%	$131,218,389	40
Technology	3.4%	$4,880,343	5
Communication Services	1.8%	$2,575,814	2
Consumer Cyclical	1.2%	$1,758,654	3
Financial Services	1.2%	$1,728,338	2
Consumer Defensive	0.5%	$716,610	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VO	VANGUARD MID-CAP INDEX FUND	+36,303	46,442	$3,741,831
SHYD	VanEck Short High Yield Muni ETF	+30,815	124,317	$2,846,859
JPST	JPMorgan Ultra-Short Income ETF	+15,641	125,148	$6,328,734
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	+14,125	69,173	$3,498,770
SCHA	Schwab U.S. Small-Cap ETF	+12,194	116,492	$4,208,855
AGG	iShares Core U.S. Aggregate Bond ETF	+8,702	107,267	$10,617,287
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+8,630	9,861	$1,178,586
—		+7,593	9,476	$259,737
ACWX	iShares MSCI ACWI ex U.S. ETF	+6,908	127,559	$9,708,515
FLV	American Century Focused Large Cap Value ETF	+5,202	128,393	$10,438,350
AVDE	Avantis International Equity ETF	+3,511	82,988	$7,402,529
IAGG	iShares Core International Aggregate Bond ETF	+3,424	70,882	$3,586,629
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	+3,134	28,157	$1,414,326
SPY	Spdr S&P 500 ETF Trust	+776	20,736	$15,485,022
SUB	iShares Short-Term National Muni Bond ETF	+756	18,880	$2,010,153
JPHY	JPMorgan Active High Yield ETF	+156	11,015	$555,838
MUB	iShares National Muni Bond ETF	+74	9,348	$1,006,031
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	+59	20,796	$3,263,932
JMST	JPMorgan Ultra-Short Municipal Income ETF	+48	7,464	$380,664
VIG	Vanguard Specialized Funds	+33	7,857	$1,859,123
—		+30	7,933	$403,234
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+22	19,192	$1,145,570
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	+20	3,006	$304,537
WMT	Walmart Inc.	+17	4,477	$507,065
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	+16	6,477	$1,199,734
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
SCHB	Schwab U.S. Broad Market ETF	−21,060	159,235	$4,611,445
BBCB	JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF	−4,200	8,688	$393,783
SBUX	Starbucks Corp	−2,378	6,906	$705,724
VTV	VANGUARD VALUE INDEX FUND	−2,317	22,887	$4,987,763
VEA	Vanguard FTSE Developed Markets ETF	−1,855	43,552	$3,103,080
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	−874	36,541	$2,126,686
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−698	10,341	$3,826,583
AVEM	Avantis Emerging Markets Equity ETF	−616	83,210	$8,028,932
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	−447	3,449	$376,182
ACWI	iShares MSCI ACWI ETF	−394	2,792	$438,260
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	−315	11,654	$2,831,805
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−266	4,094	$300,540
TAXF	American Century Diversified Municipal Bond ETF	−219	23,160	$1,177,454
QUAL	iShares MSCI USA Quality Factor ETF	−196	9,427	$2,068,566
TEL	TE Connectivity plc	−170	2,023	$407,857
AAPL	Apple Inc.	−54	5,885	$1,702,883
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

54 tracked positions · $142,878,148 total · filing declares 54 positions · $142,830,768 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Technology

Showing 1–50 of 54 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	20,736	+776	$15,485,022	+19.3%	5	before history	10.84%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	107,267	+8,702	$10,617,287	+8.5%	5	before history	7.43%
FLV	American Century Focused Large Cap Value ETF	Added	128,393	+5,202	$10,438,350	+10.5%	5	before history	7.31%
ACWX	iShares MSCI ACWI ex U.S. ETF	Added	127,559	+6,908	$9,708,515	+17.5%	5	before history	6.79%
AVEM	Avantis Emerging Markets Equity ETF	Reduced	83,210	-616	$8,028,932	+18.9%	5	before history	5.62%
AVDE	Avantis International Equity ETF	Added	82,988	+3,511	$7,402,529	+9.8%	5	before history	5.18%
JPST	JPMorgan Ultra-Short Income ETF	Added	125,148	+15,641	$6,328,734	+14.2%	5	before history	4.43%
VTV	VANGUARD VALUE INDEX FUND	Reduced	22,887	-2,317	$4,987,763	+0.9%	5	before history	3.49%
SCHB	Schwab U.S. Broad Market ETF	Reduced	159,235	-21,060	$4,611,445	+1.9%	5	before history	3.23%
SCHA	Schwab U.S. Small-Cap ETF	Added	116,492	+12,194	$4,208,855	+38.8%	5	before history	2.95%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	10,341	-698	$3,826,583	+8.1%	5	before history	2.68%
VO	VANGUARD MID-CAP INDEX FUND	Added	46,442	+36,303	$3,741,831	+28.5%	5	before history	2.62%
IAGG	iShares Core International Aggregate Bond ETF	Added	70,882	+3,424	$3,586,629	+6.3%	5	before history	2.51%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Added	69,173	+14,125	$3,498,770	+27.4%	5	before history	2.45%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Added	20,796	+59	$3,263,932	+13.8%	5	before history	2.28%
QQQ	Invesco Qqq Trust, Series 1	Held	4,390	0	$3,232,796	+27.6%	5	before history	2.26%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	43,552	-1,855	$3,103,080	+6.6%	5	before history	2.17%
SHYD	VanEck Short High Yield Muni ETF	Added	124,317	+30,815	$2,846,859	+34.4%	5	before history	1.99%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	11,654	-315	$2,831,805	+8.9%	5	before history	1.98%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Reduced	36,541	-874	$2,126,686	−2.9%	5	before history	1.49%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	9,427	-196	$2,068,566	+12.1%	5	before history	1.45%
SUB	iShares Short-Term National Muni Bond ETF	Added	18,880	+756	$2,010,153	+4.1%	5	before history	1.41%
VIG	Vanguard Specialized Funds	Added	7,857	+33	$1,859,123	+10.5%	5	before history	1.30%
META	Meta Platforms, Inc. Communication Services	Added	3,283	+3	$1,849,281	−1.5%	5	before history	1.29%
NVDA	Nvidia Corp Technology	Added	8,712	+12	$1,743,184	+14.9%	5	before history	1.22%
AAPL	Apple Inc. Technology	Reduced	5,885	-54	$1,702,883	+13.0%	5	before history	1.19%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Added	28,157	+3,134	$1,414,326	+13.2%	5	before history	0.99%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	2,826	0	$1,414,102	+4.4%	5	before history	0.99%
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	Added	6,477	+16	$1,199,734	+14.8%	5	before history	0.84%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Added	9,861	+8,630	$1,178,586	+37.2%	5	before history	0.82%
TAXF	American Century Diversified Municipal Bond ETF	Reduced	23,160	-219	$1,177,454	+0.6%	5	before history	0.82%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	19,192	+22	$1,145,570	+10.6%	5	before history	0.80%
MUB	iShares National Muni Bond ETF	Added	9,348	+74	$1,006,031	+2.2%	5	before history	0.70%
AMZN	Amazon Com Inc Consumer Cyclical	Held	3,306	0	$787,952	+14.4%	5	before history	0.55%
GOOGL	Alphabet Inc. Communication Services	Added	2,033	+1	$726,533	+24.3%	5	before history	0.51%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	6,906	-2,378	$705,724	−15.2%	5	before history	0.49%
MSFT	Microsoft Corp Technology	Added	1,517	+3	$565,871	+1.0%	5	before history	0.40%
VB	Vanguard Index Funds	Added	1,836	+5	$556,528	+16.0%	5	before history	0.39%
JPHY	JPMorgan Active High Yield ETF	Added	11,015	+156	$555,838	+2.1%	5	before history	0.39%
WMT	Walmart Inc. Consumer Defensive	Added	4,477	+17	$507,065	−8.5%	5	before history	0.35%
ROP	Roper Technologies Inc Technology	Added	1,361	+4	$460,548	−4.1%	5	before history	0.32%
ACWI	iShares MSCI ACWI ETF	Reduced	2,792	-394	$438,260	−0.6%	5	before history	0.31%
TEL	TE Connectivity plc Technology	Reduced	2,023	-170	$407,857	−11.0%	5	before history	0.29%
		Added	7,933	+30	$403,234	+2.1%	5	before history	0.28%
BBCB	JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF	Reduced	8,688	-4,200	$393,783	−32.6%	5	before history	0.28%
JMST	JPMorgan Ultra-Short Municipal Income ETF	Added	7,464	+48	$380,664	+0.7%	5	before history	0.27%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Reduced	3,449	-447	$376,182	−11.4%	5	before history	0.26%
JPM	Jpmorgan Chase & Co Financial Services	Added	960	+5	$314,236	+11.9%	2	$303.52	0.22%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Added	4,635	+15	$313,140	+14.5%	5	before history	0.22%
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	Added	3,006	+20	$304,537	+0.8%	5	before history	0.21%

Showing the top 50 of 54 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.