Biltmore Wealth Management, LLC

RIA/Wealth

Biltmore Wealth Management, LLC is a RIA/Wealth based in Tempe, AZ led by Timothy Alan Carpenter, reporting $396.7M in AUM as of Q3 2025 with 86% ETF concentration and 76% concentrated in top 10 holdings.

Managing PartnerTimothy Alan Carpenter

Portfolio Value: $262.0M
Positions: 58
Top Holding: XLI at 13.4%
Last Reported: Q3 2025

Address1400 E. Southern Avenue, Suite 650, Tempe, AZ, 85282, United States

Top Holdings

Largest long holdings in Biltmore Wealth Management, LLC's portfolio (75.6% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Industrial Select Sector SPDR Fund XLI	ETF ETF	$35.1M	13.40%	+$498.3K Bought	— 227.7K shares	Q4 2014 Held for 10y 11m
2 Technology Select Sector SPDR Fund XLK	ETF ETF	$31.6M	12.07%	-$2.5M Sold	— 112.2K shares	Q1 2017 Held for 8y 8m
3 XLY Consumer Discretionary Select Sector SPDR Fund XLY	ETF ETF	$24.6M	9.38%	+$82.2K Bought	— 102.6K shares	Q2 2017 Held for 8y 5m
4 XLV Health Care Select Sector SPDR Fund XLV	ETF ETF	$24.5M	9.35%	+$1.7M Bought	— 176.1K shares	Q4 2014 Held for 10y 11m
5 PIMCO Short Term Municipal Bond Active Exchange-Traded Fund SMMU	ETF ETF	$20.1M	7.69%	-$1.6M Sold	— 398.4K shares	Q2 2023 Held for 2y 5m
6 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$14.5M	5.54%	+$731.4K Bought	— 185.3K shares	Q4 2014 Held for 10y 11m
7 Utilities Select Sector SPDR Fund XLU	ETF ETF	$13.7M	5.24%	+$305.0K Bought	— 157.4K shares	Q1 2016 Held for 9y 8m
8 iShares Core U.S. REIT USRT	ETF ETF	$12.3M	4.69%	+$618.7K Bought	— 209.3K shares	Q4 2019 Held for 5y 11m
9 Materials Select Sector Fund XLB	ETF ETF	$11.1M	4.24%	+$478.7K Bought	— 123.9K shares	Q4 2014 Held for 10y 11m
10 Communication Services Select Sector SPDR Fund XLC	ETF ETF	$10.5M	4.03%	-$455.8K Sold	— 89.1K shares	Q1 2019 Held for 6y 8m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Biltmore Wealth Management, LLC's latest filing

See all changes

GthenC

Market Value

$262.0M

Prior: $247.1M

Q/Q Change

+6.04%

+$14.9M

Net Flows % of MV

-0.187%

Turnover Ratio

3.67%

New Purchases

1 stocks

$213.8K

Added To

30 stocks

+$8.8M

Sold Out Of

2 stocks

$643.1K

Reduced Holdings

21 stocks

-$8.9M

Increased Positions

Position	Shares Δ	Change
1 Simon Property Group SPG	New	0 → 1.1K +$213.8K
2 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	+129.67%	22.8K → 52.5K +$2.7M
3 Weyerhaeuser WY	+27.35%	18.8K → 23.9K +$127.4K
4 Public Storage PSA	+23.22%	1.7K → 2.1K +$114.7K
5 Phillips 66 PSX	+12.73%	3.6K → 4.1K +$62.6K

Decreased Positions

Position	Shares Δ	Change
1 Diamondback Energy FANG	Sold	3.2K → 0 −$437.1K
2 Waste Management WM	Sold	900.0 → 0 −$205.9K
3 PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund MUNI	-55.62%	50.6K → 22.4K −$1.5M
4 iShares 1-3 Year Treasury Bond SHY	-33.73%	11.4K → 7.6K −$319.5K
5 Ralph Lauren RL	-27.51%	3.2K → 2.3K −$279.1K