Balefire, LLC

DALLAS, TX · CIK 1750924 · 13F filing filed 2026-07-07

SEC-registered investment adviser since 2014 · limited liability company

Assets managed$2.0bn
Staff38 · 38 in investment roles
Main clients (by assets)Pension plans 44%, High net worth individuals 35%, Individuals 18%
Websitebalefirewealth.com
Form ADV · 2026-03-31SEC adviser record

Kindinstitutions
Others nearbyDallas, TX, Minneapolis, MN, Ridgeland, MS, Watertown, SD, Sioux Falls, SD, Englewood, CO

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Dallas, TX (main office)United States	United States	about 15
Ridgeland, MSUnited States	United States	7
St Louis Park, MNUnited States	United States	7
Watertown, SDUnited States	United States	3
Sioux Falls, SDUnited States	United States	2
Alpharetta, GAUnited States	United States	1
Bettendorf, IAUnited States	United States	1
Centennial, COUnited States	United States	1
Phoenix, AZUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$612.9m reported value +15.5% vs Q1 2026

475positions

19.4%in top 10

89 new 184 added 192 reduced 53 sold out vs Q1 2026

Holdings, Q2 2026

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	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	177,210	$15.6m2.54%	2.54%	Added +72.8k	+72,757 69.7%
2	ISHARES TR CORE S&P500 ETF IVV	IVV	17,608	$13.2m2.15%	2.15%	Added +12.5k	+12,499 244.7%
3	NVIDIA CORPORATION COM NVDA	NVDA	65,016	$13.0m2.12%	2.12%	Reduced -2.7k	-2,710 -4.0%
4	SPDR SERIES TRUST PORTFOLI S&P1500 SPTM	SPTM	132,332	$12.0m1.96%	1.96%	Reduced -7.6k	-7,602 -5.4%
5	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	17,339	$11.9m1.94%	1.94%	Reduced -194	-194 -1.1%
6	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	16,165	$11.9m1.94%	1.94%	Reduced -930	-930 -5.4%
7	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	15,785	$11.8m1.92%	1.92%	Reduced -1.5k	-1,498 -8.7%
8	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	119,431	$10.9m1.79%	1.79%	Reduced -2.0k	-2,011 -1.7%
9	SPDR SER TR S&P DIVID ETF SDY	SDY	67,754	$10.3m1.68%	1.68%	Reduced -3.7k	-3,654 -5.1%
10	APPLE INC COM AAPL	AAPL	28,714	$8.3m1.36%	1.36%	Added +2.9k	+2,876 11.1%
11	DEERE & CO COM DE	DE	13,062	$8.3m1.35%	1.35%	Reduced -242	-242 -1.8%
12	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	312,379	$8.0m1.30%	1.30%	Reduced -25.1k	-25,072 -7.4%
13	ISHARES TR IBOXX HI YD ETF HYG	HYG	99,603	$8.0m1.30%	1.30%	Reduced -5.4k	-5,395 -5.1%
14	MICRON TECHNOLOGY INC COM MU	MU	6,721	$7.8m1.27%	1.27%	Reduced -852	-852 -11.2%
15	MICROSOFT CORP COM MSFT	MSFT	19,292	$7.2m1.17%	1.17%	Reduced -676	-676 -3.4%
16	ALPHABET INC CAP STK CL C GOOG	GOOG	18,131	$6.4m1.05%	1.05%	Added +116	+116 0.6%
17	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	12,669	$6.3m1.03%	1.03%	Reduced -132	-132 -1.0%
18	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	29,649	$6.3m1.03%	1.03%	Reduced -3.7k	-3,726 -11.2%
19	ISHARES TR S&P 500 GRWT ETF IVW	IVW	45,598	$6.3m1.02%	1.02%	Added +37.0k	+36,999 430.3%
20	BLACKROCK ETF TRUST ISHARES US EQUIT DYNF	DYNF	91,726	$6.2m1.02%	1.02%	Added +78.5k	+78,531 595.2%
21	ISHARES TR IBOXX INV CP ETF LQD	LQD	55,539	$6.1m0.99%	0.99%	Reduced -2.5k	-2,544 -4.4%
22	ISHARES TR CORE TOTAL USD IUSB	IUSB	120,307	$5.6m0.91%	0.91%	Added +98.3k	+98,312 447.0%
23	SPDR GOLD TR GOLD SHS GLD	GLD	14,712	$5.4m0.88%	0.88%	Reduced -271	-271 -1.8%
24	ELI LILLY & CO COM LLY	LLY	4,262	$5.1m0.83%	0.83%	Added +2.2k	+2,175 104.2%
25	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	100,882	$5.1m0.83%	0.83%	Reduced -24.6k	-24,564 -19.6%
26	BROADCOM INC COM AVGO	AVGO	13,041	$4.9m0.80%	0.80%	Added +1.5k	+1,479 12.8%
27	ISHARES TR 1 3 YR TREAS BD SHY	SHY	57,296	$4.7m0.77%	0.77%	Reduced -21.0k	-20,974 -26.8%
28	AMAZON COM INC COM AMZN	AMZN	19,529	$4.7m0.76%	0.76%	Added +2.3k	+2,255 13.1%
29	ALPHABET INC CAP STK CL A GOOGL	GOOGL	12,712	$4.5m0.74%	0.74%	Added +1.4k	+1,400 12.4%
30	ISHARES TR MSCI EMG MKT ETF EEM	EEM	65,732	$4.5m0.73%	0.73%	Added +666	+666 1.0%
31	ISHARES TR MORTGE REL ETF REM	REM	201,161	$4.4m0.72%	0.72%	Reduced -7.6k	-7,632 -3.7%
32	VALUED ADVISERS TR REGAN FLTG RATE MBSF	MBSF	170,092	$4.4m0.71%	0.71%	Reduced -136.6k	-136,647 -44.5%
33	ISHARES TR MSCI EAFE ETF EFA	EFA	41,478	$4.3m0.70%	0.70%	Reduced -2.6k	-2,648 -6.0%
34	TESLA INC COM TSLA	TSLA	9,583	$4.0m0.66%	0.66%	Reduced -474	-474 -4.7%
35	ALPS ETF TR ALERIAN MLP AMLP	AMLP	77,290	$4.0m0.65%	0.65%	Added +1.4k	+1,425 1.9%
36	JPMORGAN CHASE & CO COM JPM	JPM	12,118	$4.0m0.65%	0.65%	Added +282	+282 2.4%
37	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	222,416	$3.9m0.64%	0.64%	Reduced -698	-698 -0.3%
38	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	72,611	$3.8m0.61%	0.61%	Added +255	+255 0.3%
39	ISHARES TR S&P 500 VAL ETF IVE	IVE	16,082	$3.7m0.60%	0.60%	Added +13.2k	+13,224 462.7%
40	ISHARES INC CORE MSCI EMKT IEMG	IEMG	43,882	$3.6m0.59%	0.59%	Added +13.5k	+13,495 44.4%
41	CHENIERE ENERGY INC COM NEW LNG	LNG	14,846	$3.5m0.58%	0.58%	Reduced -192	-192 -1.3%
42	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	57,705	$3.5m0.57%	0.57%	Added +15.8k	+15,822 37.8%
43	SPDR SER TR S&P BIOTECH XBI	XBI	21,878	$3.5m0.56%	0.56%	Added +8.2k	+8,241 60.4%
44	SPDR SERIES TRUST PRTFLO S&P500 GW SPYG	SPYG	28,228	$3.4m0.55%	0.55%	Reduced -4.5k	-4,455 -13.6%
45	WILLIAMS COS INC COM WMB	WMB	43,582	$3.2m0.53%	0.53%	Reduced -151	-151 -0.3%
46	ENTERGY CORP NEW COM ETR	ETR	27,779	$3.2m0.52%	0.52%	Added +617	+617 2.3%
47	ISHARES TR CORE MSCI EAFE IEFA	IEFA	32,252	$3.1m0.51%	0.51%	Added +3.8k	+3,766 13.2%
48	BLACKROCK ETF TRUST ISHA IN CTRY ETF CORO	CORO	83,287	$3.0m0.50%	0.50%	New
49	FIRST TR EXCHANGE TRADED FD RISNG DIVD ACHIV RDVY	RDVY	36,818	$3.0m0.49%	0.49%	Reduced -3.3k	-3,269 -8.2%
50	SPDR SER TR BLOOMBERG HIGH Y JNK	JNK	30,817	$3.0m0.48%	0.48%	Added +4.1k	+4,097 15.3%
51	NORTHERN LTS FD TR IV MAIN SECTR ROTN SECT	SECT	41,188	$3.0m0.48%	0.48%	Reduced -6.8k	-6,792 -14.2%
52	BLACKROCK ETF TRUST ISHA I IN TE ETF BAI	BAI	56,215	$3.0m0.48%	0.48%	Added +48.4k	+48,385 617.9%
53	FIRST TR MORNINGSTAR DIVID L SHS FDL	FDL	54,511	$2.9m0.47%	0.47%	Added +5.4k	+5,368 10.9%
54	ISHARES TR US TREAS BD ETF GOVT	GOVT	124,015	$2.8m0.46%	0.46%	Added +90.5k	+90,486 269.9%
55	META PLATFORMS INC CL A META	META	4,909	$2.8m0.45%	0.45%	Added +684	+684 16.2%
56	VANGUARD INDEX FDS VALUE ETF VTV	VTV	12,377	$2.7m0.44%	0.44%	Reduced -515	-515 -4.0%
57	ISHARES TR MSCI ACWI EX US ACWX	ACWX	35,037	$2.7m0.44%	0.44%	New
58	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	5,277	$2.6m0.43%	0.43%	Reduced -2.1k	-2,144 -28.9%
59	ADVANCED MICRO DEVICES INC COM AMD	AMD	4,458	$2.6m0.42%	0.42%	Added +78	+78 1.8%
60	ISHARES TR NATIONAL MUN ETF MUB	MUB	23,448	$2.5m0.41%	0.41%	Added +16.8k	+16,824 254.0%
61	CORNING INC COM GLW	GLW	9,838	$2.5m0.41%	0.41%	Added +243	+243 2.5%
62	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	28,956	$2.5m0.41%	0.41%	Reduced -204	-204 -0.7%
63	QUALCOMM INC COM QCOM	QCOM	13,452	$2.5m0.41%	0.41%	Added +1.8k	+1,791 15.4%
64	RBB FD INC US TREAS 3 MNTH TBIL	TBIL	48,969	$2.4m0.40%	0.40%	Added +1.3k	+1,283 2.7%
65	AGNC INVT CORP COM AGNC	AGNC	220,312	$2.4m0.39%	0.39%	Added +3.8k	+3,844 1.8%
66	BLACKROCK ETF TRUST ISHA LA CORE ETF BLCR	BLCR	46,154	$2.3m0.38%	0.38%	New
67	SELECT SECTOR SPDR TR ENERGY XLE	XLE	39,989	$2.1m0.35%	0.35%	Added +11.3k	+11,267 39.2%
68	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	36,242	$2.1m0.34%	0.34%	Reduced -4.3k	-4,258 -10.5%
69	BLACKROCK ETF TRUST ISHA SYST AL ETF IALT	IALT	73,785	$2.1m0.34%	0.34%	New
70	CHEVRON CORP NEW COM CVX	CVX	12,417	$2.1m0.34%	0.34%	Added +627	+627 5.3%
71	LANDSTAR SYS INC COM LSTR	LSTR	9,639	$2.0m0.33%	0.33%	Added +12	+12 0.1%
72	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	46,998	$2.0m0.33%	0.33%	Added +5.0k	+5,013 11.9%
73	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	25,266	$1.9m0.31%	0.31%	Reduced -3.0k	-2,959 -10.5%
74	GLOBAL X FDS GLOBAL X COPPER COPX	COPX	24,748	$1.9m0.31%	0.31%	Added +37	+37 0.1%
75	NVENT ELECTRIC PLC SHS NVT	NVT	11,149	$1.9m0.31%	0.31%	Reduced -905	-905 -7.5%
76	CATERPILLAR INC COM CAT	CAT	1,733	$1.8m0.30%	0.30%	Added +57	+57 3.4%
77	ISHARES TR MBS ETF MBB	MBB	19,256	$1.8m0.30%	0.30%	Added +15.8k	+15,841 463.9%
78	BLACKROCK ETF TRUST ISHARES US THEMA THRO	THRO	42,120	$1.8m0.30%	0.30%	Added +35.5k	+35,516 537.8%
79	ISHARES TR CORE MSCI EURO IEUR	IEUR	23,082	$1.7m0.28%	0.28%	Added +225	+225 1.0%
80	ISHARES INC MSCI STH KOR ETF EWY	EWY	8,533	$1.7m0.28%	0.28%	Reduced -431	-431 -4.8%
81	WISDOMTREE TR JAPN HEDGE EQT DXJ	DXJ	9,792	$1.7m0.28%	0.28%	Reduced -1.0k	-1,032 -9.5%
82	INVESCO ACTIVELY MANAGED EXC VAR RATE INVT VRIG	VRIG	67,467	$1.7m0.28%	0.28%	New
83	WISDOMTREE TR BLMBG US BULL USDU	USDU	63,220	$1.7m0.28%	0.28%	Reduced -994	-994 -1.6%
84	ISHARES INC MSCI MEXICO ETF EWW	EWW	22,441	$1.7m0.28%	0.28%	New
85	WALMART INC COM WMT	WMT	14,913	$1.7m0.28%	0.28%	Added +292	+292 2.0%
86	ISHARES TR GLOB HLTHCRE ETF IXJ	IXJ	17,078	$1.7m0.27%	0.27%	New
87	SCHWAB STRATEGIC TR US AGGREGATE B SCHZ	SCHZ	72,265	$1.7m0.27%	0.27%	New
88	CAMECO CORP COM CCJ	CCJ	16,149	$1.6m0.27%	0.27%	Added +361	+361 2.3%
89	CACI INTL INC CL A CACI	CACI	3,532	$1.6m0.27%	0.27%	Reduced -719	-719 -16.9%
90	PHILIP MORRIS INTL INC COM PM	PM	8,872	$1.6m0.26%	0.26%	Reduced -12.6k	-12,604 -58.7%
91	VANECK ETF TRUST CLO ETF CLOI	CLOI	30,289	$1.6m0.26%	0.26%	Added +14.3k	+14,255 88.9%
92	HOME DEPOT INC COM HD	HD	4,532	$1.6m0.26%	0.26%	Added +414	+414 10.1%
93	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	3,312	$1.6m0.26%	0.26%	Added +1.3k	+1,273 62.4%
94	J P MORGAN EXCHANGE TRADED F INTRNL RES EQT JIRE	JIRE	19,154	$1.6m0.26%	0.26%	Reduced -1.1k	-1,090 -5.4%
95	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	4,145	$1.5m0.25%	0.25%	Added +372	+372 9.9%
96	CONOCOPHILLIPS COM COP	COP	14,585	$1.5m0.25%	0.25%	Reduced -3.1k	-3,058 -17.3%
97	FIRST TR EXCHANGE-TRADED FD FST LOW OPPT EFT LMBS	LMBS	29,715	$1.5m0.24%	0.24%	Reduced -5.7k	-5,693 -16.1%
98	FIRST TR EXCHANGE-TRADED FD FIRST TR ENH NEW FTSM	FTSM	24,677	$1.5m0.24%	0.24%	Reduced -10.9k	-10,898 -30.6%
99	INVESCO EXCH TRADED FD TR II S&P 500 MOMNTM SPMO	SPMO	9,031	$1.5m0.24%	0.24%	New
100	JOHNSON & JOHNSON COM JNJ	JNJ	5,701	$1.4m0.24%	0.24%	Added +337	+337 6.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ISHARES TR IEF	IEF	22,810	$2.2m22.8k shares
ISHARES U S ETF TR COMT	COMT	51,334	$1.7m51.3k shares
ICICI BANK LIMITED IBN	IBN	66,058	$1.7m66.1k shares
INVESCO EXCHANGE TRADED FD T RPV	RPV	15,772	$1.7m15.8k shares
HONEYWELL INTL INC		3,664	$1.7m3.7k shares
CHARLES RIV LABS INTL INC CRL	CRL	8,022	$1.4m8.0k shares
UNITED RENTALS INC URI	URI	1,889	$1.4m1.9k shares
PIMCO ETF TR LDUR	LDUR	14,321	$1.4m14.3k shares
AMERICAN CENTY ETF TR AVSF	AVSF	29,211	$1.4m29.2k shares
MANAGED PORTFOLIO SERIES LST	LST	23,624	$955.6k23.6k shares
SPDR INDEX SHS FDS EWX	EWX	13,890	$918.4k13.9k shares
ACCENTURE PLC IRELAND ACN	ACN	4,597	$911.5k4.6k shares
ISHARES TR GVI	GVI	8,530	$910.0k8.5k shares
DIMENSIONAL ETF TRUST DFAT	DFAT	13,116	$819.1k13.1k shares
ISHARES TR ICLN	ICLN	43,734	$799.9k43.7k shares
DIMENSIONAL ETF TRUST DFAS	DFAS	10,995	$782.1k11.0k shares
LEGGETT & PLATT INC LEG	LEG	73,481	$726.0k73.5k shares
DIMENSIONAL ETF TRUST DFNM	DFNM	15,086	$723.1k15.1k shares
DIMENSIONAL ETF TRUST DFUV	DFUV	12,807	$620.6k12.8k shares
DIMENSIONAL ETF TRUST DIHP	DIHP	17,632	$568.1k17.6k shares
AMCOR PLC AMCR	AMCR	12,102	$481.1k12.1k shares
AMEREN CORP AEE	AEE	4,340	$477.0k4.3k shares
ISHARES TR TLT	TLT	5,201	$450.9k5.2k shares
FIRST TR EXCH TRADED FD III FEMB	FEMB	13,691	$393.4k13.7k shares
FIRST TR EXCHANGE-TRADED FD LGOV	LGOV	18,088	$390.2k18.1k shares