Luminist Capital LLC

RIA/Wealth

Luminist Capital LLC is a RIA/Wealth led by Justin John Biebel, reporting $123.9M in AUM as of Q3 2025 with 78% ETF concentration, 54% concentrated in top 10 holdings, and minimal technology exposure.

CIOJustin John Biebel

Portfolio Value: $103.0M
Positions: 255
Top Holding: TFLO at 8.13%
Last Reported: Q3 2025

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Top Holdings

Largest long holdings in Luminist Capital LLC's portfolio (54.5% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Treasury Floating Rate Bond TFLO	ETF ETF	$8.4M	8.13%	-$3.4M Sold	— 166.0K shares	Q4 2024 Held for 11 months
2 GLD SPDR Gold Trust GLD	Unknown Unknown	$8.2M	7.93%	+$572.4K Bought	— 23.0K shares	Q4 2024 Held for 11 months
3 Invesco NASDAQ 100 ETF QQQM	ETF ETF	$7.6M	7.35%	-$224.2K Sold	— 30.5K shares	Q2 2025 Held for 5 months
4 Vanguard S&P 500 ETF VOO	ETF ETF	$7.1M	6.94%	-$460.3K Sold	— 11.6K shares	Q4 2024 Held for 11 months
5 SGOL abrdn Physical Gold Shares SGOL	Unknown Unknown	$5.1M	4.95%	+$164.0K Bought	— 138.3K shares	Q4 2024 Held for 11 months
6 US Treasury 2 Year Note ETF UTWO	ETF ETF	$4.5M	4.40%	+$4.5M New	— 93.4K shares	Q3 2025 Held for 2 months
7 iShares Short Treasury Bond SHV	ETF ETF	$4.4M	4.27%	-$230.3K Sold	— 39.9K shares	Q4 2024 Held for 11 months
8 Vanguard High Dividend Yield VYM	ETF ETF	$3.8M	3.69%	+$322.6K Bought	— 26.9K shares	Q4 2024 Held for 11 months
9 Innovator U.S. Equity Power Buffer ETF PAUG	ETF ETF	$3.5M	3.43%	+$3.5M Bought	— 83.3K shares	Q1 2025 Held for 8 months
10 Vanguard Total Stock Market VTI	ETF ETF	$3.5M	3.38%	-$113.9K Sold	— 10.6K shares	Q4 2024 Held for 11 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Luminist Capital LLC's latest filing

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GthenC

Market Value

$103.0M

Prior: $90.7M

Q/Q Change

+13.55%

+$12.3M

Net Flows % of MV

+1.1%

Turnover Ratio

21.46%

New Purchases

33 stocks

$10.7M

Added To

54 stocks

+$11.0M

Sold Out Of

40 stocks

$2.9M

Reduced Holdings

42 stocks

-$17.6M

Increased Positions

Position	Shares Δ	Change
1 US Treasury 2 Year Note ETF UTWO	New	0 → 93.4K +$4.5M
2 NAUG Innovator Growth-100 Power Buffer ETF NAUG	New	0 → 47.3K +$1.4M
3 Innovator International Developed Power Buffer ETF IJUL	New	0 → 21.4K +$698.3K
4 iShares Floating Rate Bond FLOT	New	0 → 10.2K +$522.3K
5 iShares Core U.S. Aggregate Bond AGG	New	0 → 4.1K +$413.0K

Decreased Positions

Position	Shares Δ	Change
1 Consumer Staples Select Sector SPDR Fund XLP	Sold	15.1K → 0 −$1.2M
2 INOV Innovator International Developed Power Buffer ETF INOV	Sold	26.4K → 0 −$851.9K
3 Innovator U.S. Equity Power Buffer ETF PMAY	Sold	7.4K → 0 −$281.0K
4 Innovator U.S. Equity Power Buffer ETF POCT	Sold	4.9K → 0 −$200.3K
5 Agnico Eagle Mines AEM	Sold	438.0 → 0 −$51.7K