NBZ Investment Advisors LLC

RIA/Wealth

NBZ Investment Advisors LLC is a RIA/Wealth based in Knoxville, TN led by Richard Ira Zivi, reporting $370.8M in AUM as of Q3 2025 with 78% ETF concentration, 81% concentrated in top 10 holdings, and 17% allocation to SPLG.

Managing PartnerRichard Ira Zivi

Portfolio Value: $169.4M
Positions: 52
Top Holding: SPLG at 17.41%
Last Reported: Q3 2025

Address6322 Deane Hill Drive, Knoxville, TN, 37919, United States

Top Holdings

Largest long holdings in NBZ Investment Advisors LLC's portfolio (80.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$29.5M	17.41%	+$14.1M Bought	— 376.6K shares	Q4 2024 Held for 11 months
2 Amplify CWP Enhanced Dividend Income DIVO	ETF ETF	$21.2M	12.48%	+$483.3K Bought	— 474.6K shares	Q4 2024 Held for 11 months
3 BALT Innovator Defined Wealth Shield BALT	Unknown Unknown	$14.4M	8.53%	+$750.7K Bought	— 440.2K shares	Q4 2024 Held for 11 months
4 Janus Henderson AAA CLO JAAA	ETF ETF	$12.5M	7.38%	-$141.2K Sold	— 246.4K shares	Q4 2024 Held for 11 months
5 T. Rowe Price U.S. Equity Research ETF TSPA	ETF ETF	$12.3M	7.25%	+$2.9M Bought	— 293.0K shares	Q4 2024 Held for 11 months
6 Invesco S&P SmallCap Momentum XSMO	ETF ETF	$11.9M	7.04%	+$1.3M Bought	— 162.1K shares	Q4 2024 Held for 11 months
7 Invesco S&P MidCap Quality XMHQ	ETF ETF	$11.7M	6.92%	+$1.2M Bought	— 111.8K shares	Q4 2024 Held for 11 months
8 Fairlead Tactical Sector TACK	ETF ETF	$8.8M	5.22%	+$514.7K Bought	— 294.8K shares	Q4 2024 Held for 11 months
9 Schwab U.S. Broad Market SCHB	ETF ETF	$8.1M	4.75%	-$12.2K Sold	— 313.2K shares	Q4 2024 Held for 11 months
10 ARK Investment Management ARKK	ETF ETF	$6.4M	3.80%	-$398.5K Sold	— 74.6K shares	Q4 2024 Held for 11 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in NBZ Investment Advisors LLC's latest filing

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Market Value

$169.4M

Prior: $157.4M

Q/Q Change

+7.64%

+$12.0M

Net Flows % of MV

+1.38%

Turnover Ratio

13.82%

New Purchases

7 stocks

$1.3M

Added To

15 stocks

+$23.2M

Sold Out Of

4 stocks

$17.9M

Reduced Holdings

16 stocks

-$4.3M

Increased Positions

Position	Shares Δ	Change
1 Berkshire Hathaway BRK.B	New	0 → 1.7K +$854.7K
2 Vanguard S&P 500 ETF VOO	New	0 → 333.0 +$203.9K
3 Flowers Foods FLO	New	0 → 11.7K +$152.7K
4 Vanguard Real Estate VNQ	New	0 → 760.0 +$69.5K
5 MAYU AllianzIM U.S. Equity Buffer15 Uncapped May MAYU	New	0 → 890.0 +$27.6K

Decreased Positions

Position	Shares Δ	Change
1 ProShares Ultra S&P 500 SSO	Sold	140.5K → 0 −$13.7M
2 Invesco Russell 1000 Dynamic Multifactor OMFL	Sold	63.9K → 0 −$3.7M
3 Innovator U.S. Equity Power Buffer ETF PJUL	Sold	7.2K → 0 −$314.2K
4 Annaly Capital Management NLY	Sold	10.5K → 0 −$197.6K
5 Invesco S&P 500 GARP ETF SPGP	-98.09%	26.8K → 513.0 −$3.0M