Arete Wealth Advisors, LLC

CHICAGO, IL · CIK 1600151 · 13F filing filed 2023-08-09

SEC-registered investment adviser since 2009 · limited liability company

Assets managed$2.7bn
Staff135 · 130 in investment roles
Main clients (by assets)High net worth individuals 74%, Individuals 19%, Companies 6%
Websitehudsonpoint.com
Form ADV · 2026-08-17SEC adviser record

$1.1bn reported value -7.9% vs Q1 2023

664positions

22.6%in top 10

122 new 245 added 281 reduced 113 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ABBVIE INC COM ABBV	ABBV	374,265	$50.4m4.45%	4.45%	Added +7.2k	+7,223 2.0%
2	APPLE INC COM AAPL	AAPL	184,215	$35.7m3.16%	3.16%	Reduced -26.9k	-26,895 -12.7%
3	ABBOTT LABS COM ABT	ABT	257,101	$28.0m2.48%	2.48%	Added +1.2k	+1,179 0.5%
4	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	63,591	$25.9m2.29%	2.29%	Added +2.6k	+2,560 4.2%
5	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	164,868	$24.7m2.18%	2.18%	Reduced -383.9k	-383,928 -70.0%
6	FS KKR CAP CORP COM FSK	FSK	1,012,763	$19.4m1.72%	1.72%	Added +23.8k	+23,831 2.4%
7	DISNEY WALT CO COM DIS	DIS	212,359	$19.0m1.67%	1.67%	Added +57.7k	+57,745 37.4%
8	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	48,297	$17.8m1.58%	1.58%	Added +12.1k	+12,051 33.2%
9	ISHARES TR SHORT TREAS BD SHV	SHV	160,401	$17.7m1.56%	1.56%	Added +114.8k	+114,797 251.7%
10	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	38,557	$17.1m1.51%	1.51%	Reduced -21.5k	-21,454 -35.8%
11	ETFIS SER TR I INFRAC ACT MLP AMZA	AMZA	122,327	$15.8m1.40%	1.40%	New
12	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	96,219	$15.6m1.38%	1.38%	Reduced -159.4k	-159,400 -62.4%
13	MICROSOFT CORP COM MSFT	MSFT	45,416	$15.5m1.37%	1.37%	Reduced -6.9k	-6,892 -13.2%
14	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	34,650	$13.9m1.23%	1.23%	Added +519	+519 1.5%
15	ISHARES TR CORE US AGGBD ET AGG	AGG	138,099	$13.5m1.19%	1.19%	Reduced -669	-669 -0.5%
16	PGIM ETF TR PGIM ULTRA SH BD PULS	PULS	270,891	$13.4m1.18%	1.18%	New
17	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	46,309	$13.1m1.16%	1.16%	Reduced -607	-607 -1.3%
18	ISHARES TR EAFE VALUE ETF EFV	EFV	237,504	$11.6m1.03%	1.03%	Reduced -4.2k	-4,234 -1.8%
19	ISHARES TR CORE S&P500 ETF IVV	IVV	23,556	$10.5m0.93%	0.93%	Added +612	+612 2.7%
20	ISHARES TR 7-10 YR TRSY BD IEF	IEF	101,940	$9.8m0.87%	0.87%	Reduced -139.7k	-139,720 -57.8%
21	MCDONALDS CORP COM MCD	MCD	32,790	$9.8m0.86%	0.86%	Reduced -1.0k	-1,041 -3.1%
22	NVIDIA CORPORATION COM NVDA	NVDA	22,059	$9.3m0.82%	0.82%	Reduced -4.0k	-4,003 -15.4%
23	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	164,492	$9.1m0.80%	0.80%	Reduced -167.1k	-167,128 -50.4%
24	SPDR GOLD TR GOLD SHS GLD	GLD	48,577	$8.7m0.76%	0.76%	Added +12.7k	+12,691 35.4%
25	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	185,620	$8.6m0.76%	0.76%	Added +23.6k	+23,635 14.6%
26	SPDR SERIES TRUST PORTFOLI S&P1500 SPTM	SPTM	144,181	$7.8m0.69%	0.69%	Reduced -31.2k	-31,213 -17.8%
27	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	21,864	$7.5m0.66%	0.66%	Added +159	+159 0.7%
28	EXXON MOBIL CORP COM XOM	XOM	67,207	$7.2m0.64%	0.64%	Reduced -947	-947 -1.4%
29	FIRST TR HIGH YIELD OPPRT 20 COM FTHY	FTHY	523,404	$7.2m0.63%	0.63%	Added +8.1k	+8,076 1.6%
30	APOLLO COML REAL EST FIN INC COM ARI	ARI	625,300	$7.1m0.63%	0.63%	Added +30.5k	+30,496 5.1%
31	ISHARES TR CORE S&P MCP ETF IJH	IJH	25,496	$6.7m0.59%	0.59%	Reduced -1.3k	-1,251 -4.7%
32	EATON VANCE LTD DURATION INC COM XEVVX	XEVVX	710,733	$6.7m0.59%	0.59%	Added +57.8k	+57,841 8.9%
33	HOME DEPOT INC COM HD	HD	20,900	$6.5m0.57%	0.57%	Reduced -1.4k	-1,356 -6.1%
34	ARES COML REAL ESTATE CORP COM ACRE	ACRE	619,374	$6.3m0.56%	0.56%	Added +61.3k	+61,339 11.0%
35	VIRTUS DIVIDEND INTEREST & P COM NFJ	NFJ	510,248	$6.2m0.55%	0.55%	Added +16.3k	+16,346 3.3%
36	ISHARES TR CORE S&P SCP ETF IJR	IJR	60,694	$6.0m0.53%	0.53%	Added +195	+195 0.3%
37	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	27,410	$6.0m0.53%	0.53%	Reduced -40.3k	-40,337 -59.5%
38	TESLA INC COM TSLA	TSLA	22,988	$6.0m0.53%	0.53%	Added +1.2k	+1,151 5.3%
39	JOHNSON & JOHNSON COM JNJ	JNJ	34,875	$5.8m0.51%	0.51%	Added +482	+482 1.4%
40	WALMART INC COM WMT	WMT	36,394	$5.7m0.51%	0.51%	Added +5.6k	+5,594 18.2%
41	ISHARES TR RUS 1000 GRW ETF IWF	IWF	20,764	$5.7m0.50%	0.50%	Added +5.3k	+5,303 34.3%
42	MIDCAP FINANCIAL INVSTMNT CO COM NEW MFIC	MFIC	450,183	$5.7m0.50%	0.50%	Reduced -4.5k	-4,527 -1.0%
43	VISA INC COM CL A V	V	23,764	$5.6m0.50%	0.50%	Reduced -1.9k	-1,901 -7.4%
44	TRICO BANCSHARES COM TCBK	TCBK	169,286	$5.6m0.50%	0.50%	Added +253	+253 0.1%
45	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	134,901	$5.5m0.48%	0.48%	Added +21.4k	+21,373 18.8%
46	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	17,209	$5.3m0.47%	0.47%	Reduced -742	-742 -4.1%
47	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	200,984	$5.1m0.45%	0.45%	Added +2.8k	+2,767 1.4%
48	ALPHABET INC CAP STK CL A GOOGL	GOOGL	42,191	$5.0m0.45%	0.45%	Reduced -22.0k	-22,043 -34.3%
49	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	154,978	$5.0m0.45%	0.45%	Reduced -27.2k	-27,177 -14.9%
50	ISHARES TR CORE MSCI EAFE IEFA	IEFA	73,586	$5.0m0.44%	0.44%	Added +18.9k	+18,878 34.5%
51	CHEVRON CORP NEW COM CVX	CVX	30,075	$4.7m0.42%	0.42%	Reduced -120	-120 -0.4%
52	JPMORGAN CHASE & CO COM JPM	JPM	32,321	$4.7m0.42%	0.42%	Reduced -5.9k	-5,881 -15.4%
53	INVESCO EXCH TRADED FD TR II SHORT TERM TREAS TBLL	TBLL	44,389	$4.7m0.41%	0.41%	New
54	BAIN CAP SPECIALTY FIN INC COM STK BCSF	BCSF	343,773	$4.6m0.41%	0.41%	Reduced -16.6k	-16,600 -4.6%
55	MERCK & CO INC COM MRK	MRK	39,057	$4.5m0.40%	0.40%	Reduced -4.2k	-4,206 -9.7%
56	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	85,965	$4.5m0.40%	0.40%	Reduced -32.2k	-32,191 -27.2%
57	INVESCO ACTIVELY MANAGED EXC VAR RATE INVT VRIG	VRIG	173,193	$4.3m0.38%	0.38%	New
58	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	98,189	$4.2m0.37%	0.37%	Reduced -5.8k	-5,806 -5.6%
59	IDEXX LABS INC COM IDXX	IDXX	8,429	$4.2m0.37%	0.37%	Added +6.6k	+6,582 356.4%
60	NUVEEN AMT FREE QLTY MUN INC COM XNEAX	XNEAX	387,154	$4.2m0.37%	0.37%	Added +26.0k	+26,041 7.2%
61	VANECK ETF TRUST IG FLOATING RATE FLTR	FLTR	165,605	$4.2m0.37%	0.37%	Reduced -7.4k	-7,352 -4.2%
62	PROCTER AND GAMBLE CO COM PG	PG	27,453	$4.2m0.37%	0.37%	Reduced -852	-852 -3.0%
63	TORTOISE ENERGY INFRA CORP COM TYG	TYG	143,109	$4.2m0.37%	0.37%	Added +4.6k	+4,568 3.3%
64	ISHARES TR RUSSELL 2000 ETF IWM	IWM	21,852	$4.1m0.36%	0.36%	Added +2.8k	+2,769 14.5%
65	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	42,716	$3.9m0.35%	0.35%	Reduced -41.5k	-41,484 -49.3%
66	ALPHABET INC CAP STK CL C GOOG	GOOG	32,181	$3.9m0.34%	0.34%	Reduced -6.6k	-6,639 -17.1%
67	SPDR SERIES TRUST PRTFLO S&P500 GW SPYG	SPYG	63,610	$3.9m0.34%	0.34%	Reduced -125	-125 -0.2%
68	GLOBAL NET LEASE INC COM NEW GNL	GNL	276,307	$3.7m0.33%	0.33%	Added +112.9k	+112,876 69.1%
69	BLACKROCK MUNIYILD QULT FD I COM MQY	MQY	319,380	$3.7m0.33%	0.33%	Added +10.0k	+10,000 3.2%
70	ISHARES TR CORE TOTAL USD IUSB	IUSB	78,706	$3.6m0.32%	0.32%	Reduced -1.0k	-1,004 -1.3%
71	VANGUARD INDEX FDS VALUE ETF VTV	VTV	25,172	$3.6m0.32%	0.32%	Added +264	+264 1.1%
72	META PLATFORMS INC CL A META	META	12,454	$3.6m0.32%	0.32%	Added +2.4k	+2,412 24.0%
73	ISHARES TR CORE DIV GRWTH DGRO	DGRO	68,602	$3.5m0.31%	0.31%	Reduced -4.1k	-4,089 -5.6%
74	COSTCO WHSL CORP NEW COM COST	COST	6,565	$3.5m0.31%	0.31%	Reduced -1.6k	-1,579 -19.4%
75	SCHWAB STRATEGIC TR FUNDAMENTAL US L FNDX	FNDX	61,072	$3.5m0.31%	0.31%	Added +47.4k	+47,439 348.0%
76	COCA COLA CO COM KO	KO	57,318	$3.5m0.30%	0.30%	Added +13.1k	+13,123 29.7%
77	BLACKROCK ENHANCED INTL DIV COM BENE INTER XBGYX	XBGYX	623,913	$3.4m0.30%	0.30%	Added +20.1k	+20,085 3.3%
78	SPDR SER TR PORTFOLIO INTRMD SPIB	SPIB	104,569	$3.4m0.30%	0.30%	Reduced -38.4k	-38,373 -26.9%
79	GRANITE PT MTG TR INC COM STK COM STK		624,487	$3.3m0.29%	0.29%	Added +15.4k	+15,379 2.5%
80	ADVENT CONV & INCOME FD COM AVK	AVK	278,701	$3.3m0.29%	0.29%	Added +12.8k	+12,794 4.8%
81	RITHM CAPITAL CORP COM NEW RITM	RITM	343,631	$3.2m0.28%	0.28%	Added +15.5k	+15,474 4.7%
82	PHILLIPS EDISON & CO INC COMMON STOCK PECO	PECO	92,570	$3.2m0.28%	0.28%	New
83	SELECT SECTOR SPDR TR ENERGY XLE	XLE	37,968	$3.1m0.27%	0.27%	Added +12.1k	+12,055 46.5%
84	EATON VANCE MUN BD FD COM EIM	EIM	309,000	$3.1m0.27%	0.27%	Added +15.0k	+15,000 5.1%
85	ISHARES INC CORE MSCI EMKT IEMG	IEMG	61,210	$3.0m0.27%	0.27%	Added +3.8k	+3,768 6.6%
86	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	41,049	$3.0m0.26%	0.26%	Added +4.9k	+4,898 13.6%
87	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	76,048	$3.0m0.26%	0.26%	Reduced -115.8k	-115,794 -60.4%
88	BANK AMERICA CORP COM BAC	BAC	101,156	$2.9m0.26%	0.26%	Reduced -4.0k	-3,951 -3.8%
89	ISHARES TR EAFE GRWTH ETF EFG	EFG	29,859	$2.8m0.25%	0.25%	Reduced -1.1k	-1,112 -3.6%
90	UNITED PARCEL SERVICE INC CL B UPS	UPS	15,581	$2.8m0.25%	0.25%	Reduced -579	-579 -3.6%
91	ISHARES TR GLOBAL TECH ETF IXN	IXN	44,857	$2.8m0.25%	0.25%	Added +6.5k	+6,467 16.9%
92	PFIZER INC COM PFE	PFE	76,057	$2.8m0.25%	0.25%	Reduced -12.1k	-12,079 -13.7%
93	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	36,615	$2.8m0.24%	0.24%	Reduced -4.7k	-4,742 -11.5%
94	ISHARES TR RUS 1000 VAL ETF IWD	IWD	17,355	$2.7m0.24%	0.24%	Reduced -2.9k	-2,927 -14.4%
95	BLACKSTONE MTG TR INC COM CL A BXMT	BXMT	128,665	$2.7m0.24%	0.24%	Added +17.1k	+17,061 15.3%
96	PEPSICO INC COM PEP	PEP	14,311	$2.7m0.23%	0.23%	Reduced -885	-885 -5.8%
97	FIRST TR EXCHANGE-TRADED FD FST LOW OPPT EFT LMBS	LMBS	53,835	$2.6m0.23%	0.23%	Reduced -969	-969 -1.8%
98	ISHARES TR ESG AWR MSCI USA ESGU	ESGU	26,333	$2.6m0.23%	0.23%	Reduced -2.7k	-2,695 -9.3%
99	VERIZON COMMUNICATIONS INC COM VZ	VZ	68,502	$2.5m0.23%	0.23%	Added +8.1k	+8,141 13.5%
100	KINDER MORGAN INC DEL COM KMI	KMI	146,471	$2.5m0.22%	0.22%	Added +7.8k	+7,816 5.6%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
INVESCO EXCHANGE TRADED FD T RSPT	RSPT	200,421	$18.2m200.4k shares
BROOKFIELD INFRASTRUCTURE CO		2,361,543	$13.3m2.4m shares
AMAZON COM INC AMZN	AMZN	121,511	$12.6m121.5k shares
PRUDENTIAL PLC PUK	PUK	248,560	$12.3m248.6k shares
PROSHARES TR SH	SH	412,964	$6.2m413.0k shares
JUMIA TECHNOLOGIES AG JMIA	JMIA	120,517	$6.1m120.5k shares
TOLL BROTHERS INC TOL	TOL	1,147,291	$2.6m1.1m shares
PULTE GROUP INC PHM	PHM	29,026	$1.7m29.0k shares
SOCIEDAD QUIMICA Y MINERA DE SQM	SQM	53,862	$1.6m53.9k shares
GITLAB INC GTLB	GTLB	30,531	$1.4m30.5k shares
TRUSTMARK CORP TRMK	TRMK	31,477	$1.3m31.5k shares
GALLAGHER ARTHUR J & CO AJG	AJG	4,982	$953.0k5.0k shares
MAGNA INTL INC MGA	MGA	5,716	$818.0k5.7k shares
DIMENSIONAL ETF TRUST DFAC	DFAC	31,577	$805.0k31.6k shares
CLEVELAND-CLIFFS INC NEW CLF	CLF	39,873	$731.0k39.9k shares
TPG INC TPG	TPG	20,465	$639.0k20.5k shares
ISHARES TR REM	REM	8,905	$629.0k8.9k shares
UFP INDUSTRIES INC UFPI	UFPI	7,498	$596.0k7.5k shares
LG DISPLAY CO LTD LPL	LPL	10,919	$592.0k10.9k shares
ADVANCED ENERGY INDS AEIS	AEIS	11,567	$590.0k11.6k shares
INVESCO EXCHANGE TRADED FD T PID	PID	575,673	$550.0k575.7k shares
PAYPAL HLDGS INC PYPL	PYPL	7,010	$532.0k7.0k shares
ULTA BEAUTY INC ULTA	ULTA	18,042	$518.0k18.0k shares
BLACKROCK HEALTH SCIENCES TR XBMEX	XBMEX	12,177	$510.0k12.2k shares
UNUM GROUP UNM	UNM	16,804	$487.0k16.8k shares