Northeast Financial's Alternative Way to Generate Income

Northeast Financial Group, Inc. bought 171,817 shares in the Goldman Sachs S&P 500 Premium Income ETF (NASDAQ:GPIX) in Q3 2025. Its position increased by approximately $9.25 million quarter over quarter.

What happened

Northeast Financial Group's Q3 SEC filing showed a $9.25 million increase in its GPIX holdings. According to the filing, dated Nov. 07, 2025, the firm bought 171,817 shares during the third quarter, bringing its total stake to 286,368 shares.

As of September 30, 2025, Northeast Financial's GPIX holdings were valued at $14.96 million, up from $5.71 million in Q2.

What else to know

Northeast Financial's GPIX stake now represents 3.72% of its $401.58 million reportable assets under management.

Top holdings after the filing:

• Schwab U.S. Large-Cap ETF (NYSEMKT:SCHX): $50.74 million (12.6% of AUM)
• SPDR S&P 500 ETF (ASX:SPY): $29.05 million (7.2% of AUM)
• Schwab U.S. Mid-Cap ETF (NYSEMKT:SCHM): $25.20 million (6.3% of AUM)
• Schwab U.S. Large-Cap Growth ETF (NYSEMKT:SCHG): $22.95 million (5.7% of AUM)
• Schwab International Equity ETF (NYSEMKT:SCHF): $20.92 million (5.2% of AUM)

ETF overview

As of Dec. 2, 2025, GPIX shares were priced at $52.44, up 13.1% over the past year, slightly outperforming the S&P 500. Its net expense ratio is 0.29%.

Data as of market close 12/02/25.

Company snapshot

Goldman Sachs S&P 500 Premium Income ETF (GPIX) offers investors exposure to the S&P 500 with an enhanced income profile. The fund employs an options-based overlay to generate a high yield, currently at 7.97%, while closely tracking the risk and return characteristics of its benchmark. This approach appeals to income-focused investors seeking broad market exposure with the potential for additional yield.

• The portfolio primarily consists of equity holdings mirroring the S&P 500, maintaining style, capitalization, and industry diversification similar to its benchmark.
• Structured as an ETF, the fund invests at least 80% of its net assets in equity investments included in its benchmark.
• The fund employs an options-based overlay to generate a high dividend yield for income-focused investors.

Foolish take

Northeast Financial Group seems to prefer ETFs and other types of funds over buying company shares directly. Over 90% of its holdings are in funds. Its top holdings show a solid allocation to large-cap U.S. firms, along with diversification by geography and company size.

Investing in ETFs can be an excellent way to gain exposure to a mix of assets that follow a specific theme. For example, GPIX tracks the S&P 500 but uses a covered call strategy to generate extra income. The potential to earn extra returns and still hold a diversified portfolio could be attractive, particuarly at a time when interest rates are falling.

Percentage-wise, Northeast Financial Group slightly reduced its exposure to the Schwab Short-Term U.S. Treasury ETF (NYSEMKT:SCHO) and iShares Broad USD High Yield Corporate Bond ETF (NYSEMKT:USHY). There could be several motivations for adding to its GPIX holdings, but it may be looking to mix up the ways it generates yield.

Glossary

ETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, holding assets like stocks or bonds.
Assets Under Management (AUM): The total market value of assets a fund or investment manager oversees on behalf of clients.
Reportable AUM: The portion of a fund's assets required to be disclosed in regulatory filings.
Benchmark: A standard index used to measure and compare a fund's performance.
Options-based overlay: An investment strategy using options contracts alongside core holdings to enhance income or manage risk.
Dividend yield: The annual dividend income expressed as a percentage of the investment's current price.
Annualized: A figure adjusted to show what it would be over a full year, based on current data.
Premium Income: Income generated from selling options, typically to enhance yield on an investment.
Equity holdings: Investments in shares of companies, representing ownership in those companies.
Stake: The amount or percentage of ownership an investor holds in a particular asset or company.
Overlay: An additional investment strategy layered on top of a portfolio's core holdings.
Third quarter: The three-month period from July 1 to September 30 in a financial year.

Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.