Carroll Advisory Group, LLC

TEXARKANA, TX · CIK 2108684 · 13F filing filed 2026-04-23

SEC-registered investment adviser since 2025 · limited liability company

Assets managed$341.1m
Staff7 · 4 in investment roles
Main clients (by assets)High net worth individuals 81%, Individuals 15%, Insurers 2%
Websitecarrolladvisory.com
Form ADV · 2026-02-18SEC adviser record

$257.6m reported value +11.4% vs Q4 2025

67positions

58.5%in top 10

3 new 30 added 28 reduced 8 sold out vs Q4 2025

Options: 1 call positions ($66.6k notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q1 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	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	38,829	$23.2m9.01%	9.01%	Reduced -287	-287 -0.7%
2	ISHARES TR MSCI ACWI EXUS HAWX	HAWX	552,978	$22.6m8.78%	8.78%	Added +38.3k	+38,329 7.5%
3	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	106,795	$20.5m7.96%	7.96%	Added +12.2k	+12,154 12.8%
4	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	61,566	$14.6m5.68%	5.68%	Added +5.2k	+5,157 9.1%
5	ISHARES TR CORE S&P MCP ETF IJH	IJH	212,336	$14.3m5.57%	5.57%	Added +30.8k	+30,819 17.0%
6	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	263,496	$12.7m4.94%	4.94%	Added +42.6k	+42,576 19.3%
7	PROSHARES TR S&P 500 DV ARIST NOBL	NOBL	117,041	$12.4m4.82%	4.82%	Added +17.4k	+17,409 17.5%
8	NVIDIA CORPORATION COM NVDA	NVDA	64,957	$11.3m4.40%	4.40%	Added +746	+746 1.2%
9	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	149,753	$9.6m3.73%	3.73%	Added +50.3k	+50,308 50.6%
10	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	29,159	$9.4m3.63%	3.63%	Added +8.5k	+8,520 41.3%
11	PROCTER AND GAMBLE CO COM PG	PG	56,429	$8.2m3.16%	3.16%	Reduced -136	-136 -0.2%
12	INVESCO EXCH TRD SLF IDX FD BULSHS 2026 CB BSCQ	BSCQ	308,699	$6.0m2.34%	2.34%	Added +54.0k	+53,964 21.2%
13	INVESCO EXCH TRD SLF IDX FD BULETSHS 2029 BSCT	BSCT	305,272	$5.7m2.21%	2.21%	Added +105.4k	+105,384 52.7%
14	INVESCO EXCH TRD SLF IDX FD INVSCO BLSH 28 BSCS	BSCS	276,157	$5.6m2.19%	2.19%	Added +103.6k	+103,600 60.0%
15	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	72,700	$5.6m2.16%	2.16%	Reduced -3.9k	-3,914 -5.1%
16	INVESCO EXCH TRD SLF IDX FD BULSHS 2027 CB BSCR	BSCR	281,205	$5.5m2.14%	2.14%	Added +91.1k	+91,102 47.9%
17	INVESCO EXCH TRD SLF IDX FD INVSCO 30 CORP BSCU	BSCU	286,149	$4.8m1.86%	1.86%	Added +75.1k	+75,111 35.6%
18	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	27,607	$3.8m1.48%	1.48%	New
19	INVESCO EXCH TRD SLF IDX FD BULETSHS 2031 CP BSCV	BSCV	214,240	$3.5m1.37%	1.37%	Added +61.8k	+61,797 40.5%
20	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	13,700	$3.3m1.29%	1.29%	Reduced -1.4k	-1,361 -9.0%
21	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	40,602	$3.1m1.22%	1.22%	Reduced -1.6k	-1,604 -3.8%
22	INVESCO EXCH TRD SLF IDX FD BULLETSHARES BSCZ	BSCZ	146,646	$3.0m1.17%	1.17%	Added +76.9k	+76,865 110.2%
23	INVESCO EXCH TRD SLF IDX FD BULLETSHS 2032 BSCW	BSCW	144,208	$3.0m1.15%	1.15%	Added +34.6k	+34,605 31.6%
24	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	4,789	$2.8m1.07%	1.07%	Reduced -320	-320 -6.3%
25	SPDR SERIES TRUST PORTFOLIO S&P400 SPMD	SPMD	46,603	$2.8m1.07%	1.07%	Reduced -1.4k	-1,387 -2.9%
26	TESLA INC COM TSLA	TSLA	7,171	$2.7m1.04%	1.04%	Reduced -383	-383 -5.1%
27	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	57,389	$2.6m1.02%	1.02%	Reduced -9.7k	-9,706 -14.5%
28	VANGUARD SCOTTSDALE FDS VNG RUS1000IDX VONE	VONE	8,172	$2.4m0.94%	0.94%	Added +55	+55 0.7%
29	INVESCO EXCH TRD SLF IDX FD INVESCO BULLETSH BSCX	BSCX	113,599	$2.4m0.93%	0.93%	Added +30.8k	+30,806 37.2%
30	INVESCO EXCH TRD SLF IDX FD BULLETSHARES 203 BSCY	BSCY	115,277	$2.4m0.93%	0.93%	Added +34.0k	+34,019 41.9%
31	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	31,454	$2.4m0.92%	0.92%	Reduced -1.1k	-1,065 -3.3%
32	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	40,758	$2.2m0.86%	0.86%	Added +12.5k	+12,498 44.2%
33	APPLE INC COM AAPL	AAPL	6,997	$1.8m0.69%	0.69%	Added +1.9k	+1,864 36.3%
34	INVESCO EXCH TRADED FD TR II RUSEL 1000 EQL EQAL	EQAL	29,732	$1.6m0.64%	0.64%	Reduced -1.0k	-1,038 -3.4%
35	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	52,670	$1.6m0.63%	0.63%	Added +21.4k	+21,417 68.5%
36	ISHARES TR RUS MID CAP ETF IWR	IWR	16,433	$1.6m0.62%	0.62%	Reduced -31	-31 -0.2%
37	AMAZON COM INC COM AMZN	AMZN	5,998	$1.2m0.49%	0.49%	Reduced -1.0k	-1,001 -14.3%
38	SCHWAB STRATEGIC TR US SML CAP ETF SCHA	SCHA	42,320	$1.2m0.48%	0.48%	Reduced -4.0k	-4,040 -8.7%
39	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	46,216	$1.2m0.46%	0.46%	Reduced -4.7k	-4,729 -9.3%
40	EXXON MOBIL CORP COM XOM	XOM	6,777	$1.1m0.45%	0.45%	Reduced -1.2k	-1,191 -14.9%
41	FIDELITY COMWLTH TR NASDAQ COMPSIT ONEQ	ONEQ	12,798	$1.1m0.42%	0.42%	Added +54	+54 0.4%
42	MICROSOFT CORP COM MSFT	MSFT	2,605	$964.2k0.37%	0.37%	Reduced -841	-841 -24.4%
43	VANGUARD INDEX FDS SMALL CP ETF VB	VB	3,039	$796.1k0.31%	0.31%	Reduced -1.5k	-1,534 -33.5%
44	GLACIER BANCORP INC NEW COM GBCI	GBCI	14,775	$660.0k0.26%	0.26%	Unchanged
45	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	8,264	$608.6k0.24%	0.24%	Reduced -4.1k	-4,127 -33.3%
46	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	1,344	$587.0k0.23%	0.23%	Reduced -8	-8 -0.6%
47	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	8,920	$522.2k0.20%	0.20%	Added +5.5k	+5,468 158.4%
48	SCHWAB STRATEGIC TR US AGGREGATE B SCHZ	SCHZ	22,204	$515.6k0.20%	0.20%	Unchanged
49	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	6,472	$513.0k0.20%	0.20%	New
50	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	1,999	$429.9k0.17%	0.17%	Added +139	+139 7.5%
51	MICROSTRATEGY INC CL A NEW MSTR	MSTR	3,438	$429.1k0.17%	0.17%	Added +298	+298 9.5%
52	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	9,004	$422.4k0.16%	0.16%	Reduced -1.6k	-1,626 -15.3%
53	VANGUARD INSTL INDEX FD 0-3 MO TREAS BIL VBIL	VBIL	4,923	$372.4k0.14%	0.14%	Reduced -4.2k	-4,204 -46.1%
54	SPDR SER TR PRTFLO S&P500 HI SPYD	SPYD	8,039	$365.9k0.14%	0.14%	Added +3.0k	+3,033 60.6%
55	AMERICAN ELEC PWR CO INC COM AEP	AEP	2,681	$351.4k0.14%	0.14%	Unchanged
56	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	2,193	$324.8k0.13%	0.13%	Added +431	+431 24.5%
57	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	6,577	$316.0k0.12%	0.12%	Unchanged
58	GLOBAL X FDS GLOBX SUPDV US DIV	DIV	14,366	$271.5k0.11%	0.11%	New
59	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	406	$264.0k0.10%	0.10%	Added +9	+9 2.3%
60	ISHARES TR U.S. MED DVC ETF IHI	IHI	4,769	$254.4k0.10%	0.10%	Unchanged
61	COSTCO WHSL CORP NEW COM COST	COST	253	$251.9k0.10%	0.10%	Reduced -30	-30 -10.6%
62	WALMART INC COM WMT	WMT	2,021	$251.1k0.10%	0.10%	Reduced -188	-188 -8.5%
63	ALPHABET INC CAP STK CL C GOOG	GOOG	827	$237.3k0.09%	0.09%	Reduced -878	-878 -51.5%
64	ISHARES TR CORE US AGGBD ET AGG	AGG	2,370	$235.3k0.09%	0.09%	Reduced -181	-181 -7.1%
65	SPDR SERIES TRUST PRTFLO S&P500 GW SPYG	SPYG	2,303	$225.5k0.09%	0.09%	Reduced -1.4k	-1,421 -38.2%
66	INVESCO TR INVT GRADE MUNS COM VGM	VGM	22,645	$223.5k0.09%	0.09%	Unchanged
67	ALPHABET INC CAP STK CL A GOOGL	GOOGL	699	$201.1k0.08%	0.08%	Reduced -202	-202 -22.4%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
VANGUARD INDEX FDS VO	VO	2,360	$684.8k2.4k shares
BERKSHIRE HATHAWAY INC DEL BRK.B	BRK.B	852	$428.3k852 shares
ISHARES TR IBDU	IBDU	12,622	$295.4k12.6k shares
ISHARES TR IDEV	IDEV	3,191	$263.2k3.2k shares
ISHARES TR IWM	IWM	1,000	$246.2k1.0k shares
META PLATFORMS INC META	META	318	$210.0k318 shares
ISHARES TR TLT	TLT	2,314	$201.7k2.3k shares
APPLE HOSPITALITY REIT INC APLE	APLE	15,000	$177.8k15.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TESLA INC TSLA · Call	TSLA	Call	600	$66.6k600 shares	New