Wealth Advisors Boost ETF Holdings
HHM Wealth Advisors Boosts Key ETF Holdings in First Quarter, Expanding Portfolio Exposure
Key Points
PMG Wealth Management Inc. increased its stake in John Hancock Multifactor Large Cap ETF (JHML) by 76.8% in Q1 to 78,077 shares, representing about 4.4% of its portfolio and ranking as PMG's 10th largest holding, with a value of roughly $6.111 million.
HHM Wealth Advisors LLC boosted its SPDR Portfolio Short Term Treasury ETF (SPTS) position by 19.3% to 1,308,197 shares, which constitutes about 4.4% of HHM’s portfolio and places SPTS as its 5th largest holding, worth around $38.173 million.
HHM Wealth Advisors LLC raised its stake in SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) by 4.3% to 814,372 shares, making SPMD about 5.6% of HHM’s portfolio and its 4th largest holding, with a value of approximately $48.227 million.
HHM Wealth Advisors LLC’s position in Schwab U.S. Large-Cap Growth ETF (SCHG) rose 3.2% to 3,594,993 shares, amounting to about $104.722 million and accounting for roughly 12.1% of HHM’s portfolio as its 3rd largest holding.
HHM Wealth Advisors LLC finished the first quarter of 2026 with a bigger bet on both stocks and bonds. The Tennessee-based firm boosted three major ETF positions, pushing its total reported portfolio to roughly $1.41 billion across 873 distinct holdings, according to Fintel.
The biggest move was a 19.3% jump in its short-term Treasury ETF stake, signaling a dual strategy: chase growth with large-cap tech while keeping a defensive cash-like buffer in place. The firm filed its quarterly 13F report with the SEC on April 17, 2026.
Short-Term Treasuries Surge as Rate Uncertainty Lingers
HHM's sharpest single move was in the SPDR Portfolio Short Term Treasury ETF (SPTS). The firm added shares to reach 1,308,197 total — a 19.3% increase — putting the position at about $38.17 million. That makes SPTS the firm's 5th largest holding at 4.4% of its portfolio, according to Fintel.
Analysts view the SPTS build-up as a defensive play. Short-term Treasuries act like a parking lot for cash. They yield well but lose little value if interest rates keep climbing. With the Federal Reserve still undecided on rate cuts, firms like HHM are using them to wait out the uncertainty, according to Janus Henderson.
SCHG Stake Hits $104 Million as AI Trade Holds Strong
HHM raised its position in the Schwab U.S. Large-Cap Growth ETF (SCHG) by 3.2%, reaching 3,594,993 shares worth about $104.72 million. SCHG is now the firm's 3rd largest holding at 12.1% of the total portfolio. The fund is heavily weighted toward high-growth names like NVIDIA and Apple, according to Morningstar.
The SCHG position also got a boost from a structural change. Charles Schwab split the ETF 4-for-1 in October 2024, cutting the per-share price and making it easier for institutions to hold large share counts, according to Schwab Asset Management.
Mid-Cap Bet Signals Confidence Beyond Big Tech
HHM also bumped its stake in the SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) by 4.3%, bringing it to 814,372 shares valued at about $48.23 million. That makes SPMD the firm's 4th largest holding at 5.6% of the portfolio, according to Fintel.
Mid-cap stocks track companies smaller than giants like Apple but bigger than small startups. By holding both SPMD and SCHG, HHM is spread across company sizes. Analysts say this kind of "barbell" approach — big growth on one end, safe bonds on the other — is a common hedge when markets are unpredictable, according to PMG Wealth Management.
PMG Wealth Jumps Into Multifactor ETF With 76.8% Stake Surge
HHM was not the only firm making bold moves. PMG Wealth Management Inc. raised its stake in the John Hancock Multifactor Large Cap ETF (JHML) by 76.8% in Q1, reaching 78,077 shares worth about $6.11 million. JHML is now PMG's 10th largest holding at 4.4% of its portfolio, according to SEC 13F filings cited by 13F Info.
Multifactor ETFs use rules-based screens — things like value, momentum, and quality — to pick stocks instead of relying on a human manager. Morningstar gives JHML a "Neutral" rating, noting its "quantitatively derived" stock selection. Firms like PMG appear to be using it to reduce exposure to slower-moving stocks during a period of high inflation, according to Morningstar.
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