Melone Private Wealth Q2 2026 Filing: Munis, ETFs Dominate Portfolio Activity

According to data from Melone Private Wealth, Llc, the investor's portfolio filing as of June 30, 2026, reveals notable changes in holdings during Q2. The total portfolio value stands at $262,551,743.

The firm demonstrated a clear focus on municipal bonds this quarter, evidenced by substantial increases across several munie funds:

• NUVEEN MUN HIGH INCOME OPPOR (NMZ) saw its share count rise significantly by 25.82%, indicating strong confidence in this high-yield munie fund.
• The position in NUVEEN QUALITY MUNCP INCOME (NAD) also grew substantially, with a share increase of over 41% during the quarter.
• NUVEEN AMT FREE QLTY MUN INC (XNEAX), an equity munie fund, experienced a significant boost in shares purchased by this investor.
• Additionally, the position in NUVEEN MUN CR INCOME FD (NZF) grew considerably during Q2.

This buying momentum was not limited to munies alone. The investor also showed interest in specific stocks:

• Purchasing Equity ETFs: There was a notable increase in shares of VANGUARD INDEX FDS (VO), which experienced an unprecedented position change percentage growth of +301.1%.
• NOBL is also highlighted as a significant buy, although the specific fund structure for NOBL wasn't detailed in this filing.

Conversely, Melone Private Wealth divested from several holdings during Q2:

• The investor significantly reduced their position in BLACKROCK MUNIHOLDINGS FD IN (MHD), which saw a nearly -53.21% reduction in its portfolio allocation.
• There was also substantial selling activity involving BLACKROCK MUNIYIELD MICH QU (MIY), with the position decreasing by -23.08% during the quarter.
• The fund structure SPDR SERIES TRUST (HYMB) was exited entirely, as its portfolio allocation dropped to just 1.17%, likely due to a sale of shares.

The filing also indicates the investor sold other munie funds:

• NUVEEN MUN CR OPPORTUNITIES (NMCO) was reduced by approximately +8.3% in shares.

The portfolio's sector allocation remains heavily concentrated, with Financial Services constituting the largest portion at 17.64%, primarily through various municipal bond fund holdings like NMZ and NAD.