# EDGAR Filing Document

**Accession Number:** 0001559832
**File Stem:** 0001172661-26-000425
**Filing Date:** 2026-2
**Character Count:** 13317
**Document Hash:** 2710046841ff398b1b36e60941611e02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-000425.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0001172661-26-000425

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**EFFECTIVENESS DATE**: 20260202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Estate Counselors, LLC
- **CENTRAL INDEX KEY:** 0001559832

**ORGANIZATION NAME:**
- **EIN:** 271528038
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15056
- **FILM NUMBER:** 26587033

**BUSINESS ADDRESS:**
- **STREET 1:** 414 N. MAIN STREET
- **CITY:** THIENSVILLE
- **STATE:** WI
- **ZIP:** 53092
- **BUSINESS PHONE:** (262)238-6980

**MAIL ADDRESS:**
- **STREET 1:** 414 N. MAIN STREET
- **CITY:** THIENSVILLE
- **STATE:** WI
- **ZIP:** 53092

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Estate Counselors LLC<br>**Address:** 414 N. Main Street<br>Thiensville, WI 53092

**Form 13F File Number:** 028-15056

**CRD Number (if applicable):** 000123452

**SEC File Number (if applicable):** 801-62584

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Satyaki Mitra<br>**Title:** Chief Compliance Officer<br>**Phone:** 262-518-0533

**Signature, Place, and Date of Signing:**

/s/ Satyaki Mitra  Thiensville, WI  02-02-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 90

**Form 13F Information Table Value Total:** $1194333472

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name                            | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Penserra Capital Management LLC | 028-17117              |    000159042 | 801-80466         |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 244140 | 780 | SH |  | SOLE |  | 0 | 0 | 780 |
| AMERICAN CENTY ETF TR | INTL SMCP VLU | 025072802 |  | 6437885 | 68510 | SH |  | SOLE |  | 0 | 0 | 68510 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 4180556 | 30935 | SH |  | SOLE |  | 0 | 0 | 30935 |
| BROADCOM INC | COM | 11135F101 |  | 4745377 | 13711 | SH |  | SOLE |  | 0 | 0 | 13711 |
| CARVANA CO | CL A | 146869102 |  | 4031557 | 9553 | SH |  | SOLE |  | 0 | 0 | 9553 |
| CIENA CORP | COM NEW | 171779309 |  | 4396288 | 18798 | SH |  | SOLE |  | 0 | 0 | 18798 |
| COHERENT CORP | COM | 19247G107 |  | 3774087 | 20448 | SH |  | SOLE |  | 0 | 0 | 20448 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2675155 | 89500 | SH |  | SOLE |  | 0 | 0 | 89500 |
| COMFORT SYS USA INC | COM | 199908104 |  | 4589920 | 4918 | SH |  | SOLE |  | 0 | 0 | 4918 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 2518075 | 17500 | SH |  | SOLE |  | 0 | 0 | 17500 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 6212040 | 184115 | SH |  | SOLE |  | 0 | 0 | 184115 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 5736039 | 166455 | SH |  | SOLE |  | 0 | 0 | 166455 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 5820336 | 116640 | SH |  | SOLE |  | 0 | 0 | 116640 |
| ELANCO ANIMAL HEALTH INC | COM | 28414H103 |  | 4766625 | 210633 | SH |  | SOLE |  | 0 | 0 | 210633 |
| ETF SER SOLUTIONS | THE BRINSMERE FU | 26922B493 |  | 345412324 | 12264277 | SH |  | SOLE |  | 0 | 0 | 12264277 |
| ETF SER SOLUTIONS | THE BRINSMERE FU | 26922B519 |  | 370422842 | 12380359 | SH |  | SOLE |  | 0 | 0 | 12380359 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 4029680 | 72975 | SH |  | SOLE |  | 0 | 0 | 72975 |
| FIRST MID ILL BANCSHARES INC | COM | 320866106 |  | 444015 | 11385 | SH |  | SOLE |  | 0 | 0 | 11385 |
| GE VERNOVA INC | COM | 36828A101 |  | 4768447 | 7296 | SH |  | SOLE |  | 0 | 0 | 7296 |
| GENERAL MTRS CO | COM | 37045V100 |  | 6095747 | 74960 | SH |  | SOLE |  | 0 | 0 | 74960 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 |  | 272802 | 3800 | SH |  | SOLE |  | 0 | 0 | 3800 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 383190 | 28920 | SH |  | SOLE |  | 0 | 0 | 28920 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 7543727 | 12280 | SH |  | SOLE |  | 0 | 0 | 12280 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 545827 | 7510 | SH |  | SOLE |  | 0 | 0 | 7510 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 385683 | 4425 | SH |  | SOLE |  | 0 | 0 | 4425 |
| ISHARES TR | 10-20 YR TRS ETF | 464288653 |  | 11952834 | 117565 | SH |  | SOLE |  | 0 | 0 | 117565 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 215685 | 2675 | SH |  | SOLE |  | 0 | 0 | 2675 |
| ISHARES TR | MBS ETF | 464288588 |  | 11099319 | 116565 | SH |  | SOLE |  | 0 | 0 | 116565 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 6510745 | 13756 | SH |  | SOLE |  | 0 | 0 | 13756 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 11172830 | 116190 | SH |  | SOLE |  | 0 | 0 | 116190 |
| ISHARES TR | TRUST ISHARE 0-1 | 464288679 |  | 7866913 | 71420 | SH |  | SOLE |  | 0 | 0 | 71420 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 10834388 | 112530 | SH |  | SOLE |  | 0 | 0 | 112530 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 600744 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 551226 | 3700 | SH |  | SOLE |  | 0 | 0 | 3700 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 5931068 | 68766 | SH |  | SOLE |  | 0 | 0 | 68766 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 470126 | 9825 | SH |  | SOLE |  | 0 | 0 | 9825 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 332511 | 11850 | SH |  | SOLE |  | 0 | 0 | 11850 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 4238785 | 11500 | SH |  | SOLE |  | 0 | 0 | 11500 |
| MACYS INC | COM | 55616P104 |  | 3720122 | 168713 | SH |  | SOLE |  | 0 | 0 | 168713 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 3573333 | 12520 | SH |  | SOLE |  | 0 | 0 | 12520 |
| NEWMONT CORP | COM | 651639106 |  | 4953059 | 49605 | SH |  | SOLE |  | 0 | 0 | 49605 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 5455002 | 62622 | SH |  | SOLE |  | 0 | 0 | 62622 |
| NUSHARES ETF TR | NUVEEN ESG LRGCP | 67092P201 |  | 485088 | 4960 | SH |  | SOLE |  | 0 | 0 | 4960 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 925040 | 4960 | SH |  | SOLE |  | 0 | 0 | 4960 |
| OVINTIV INC | COM | 69047Q102 |  | 2916206 | 74412 | SH |  | SOLE |  | 0 | 0 | 74412 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 5972400 | 33600 | SH |  | SOLE |  | 0 | 0 | 33600 |
| PFIZER INC | COM | 717081103 |  | 373500 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 2946276 | 10479 | SH |  | SOLE |  | 0 | 0 | 10479 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 5577753 | 49317 | SH |  | SOLE |  | 0 | 0 | 49317 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 5652380 | 125025 | SH |  | SOLE |  | 0 | 0 | 125025 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 2983575 | 10834 | SH |  | SOLE |  | 0 | 0 | 10834 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 15910458 | 350837 | SH |  | SOLE |  | 0 | 0 | 350837 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 16351988 | 105633 | SH |  | SOLE |  | 0 | 0 | 105633 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 10222690 | 85610 | SH |  | SOLE |  | 0 | 0 | 85610 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 1851888 | 41420 | SH |  | SOLE |  | 0 | 0 | 41420 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 5265555 | 123344 | SH |  | SOLE |  | 0 | 0 | 123344 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 9426642 | 60770 | SH |  | SOLE |  | 0 | 0 | 60770 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 4854539 | 88635 | SH |  | SOLE |  | 0 | 0 | 88635 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 9796776 | 83221 | SH |  | SOLE |  | 0 | 0 | 83221 |
| SELECT SECTOR SPDR TR | STATE STREET REA | 81369Y860 |  | 203969 | 5055 | SH |  | SOLE |  | 0 | 0 | 5055 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 15487573 | 107575 | SH |  | SOLE |  | 0 | 0 | 107575 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 15618885 | 201067 | SH |  | SOLE |  | 0 | 0 | 201067 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 3845004 | 146868 | SH |  | SOLE |  | 0 | 0 | 146868 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 7971776 | 20115 | SH |  | SOLE |  | 0 | 0 | 20115 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1029699 | 1510 | SH |  | SOLE |  | 0 | 0 | 1510 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A359 |  | 11890360 | 133300 | SH |  | SOLE |  | 0 | 0 | 133300 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 1059602 | 13208 | SH |  | SOLE |  | 0 | 0 | 13208 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A847 |  | 281443 | 4860 | SH |  | SOLE |  | 0 | 0 | 4860 |
| THE CIGNA GROUP | COM | 125523100 |  | 3764596 | 13678 | SH |  | SOLE |  | 0 | 0 | 13678 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 973500 | 12500 | SH |  | SOLE |  | 0 | 0 | 12500 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 14846591 | 200440 | SH |  | SOLE |  | 0 | 0 | 200440 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 8299560 | 105311 | SH |  | SOLE |  | 0 | 0 | 105311 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 13909336 | 41486 | SH |  | SOLE |  | 0 | 0 | 41486 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 6923221 | 14191 | SH |  | SOLE |  | 0 | 0 | 14191 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 903001 | 4728 | SH |  | SOLE |  | 0 | 0 | 4728 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 591959 | 7080 | SH |  | SOLE |  | 0 | 0 | 7080 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 636868 | 7045 | SH |  | SOLE |  | 0 | 0 | 7045 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 633293 | 11780 | SH |  | SOLE |  | 0 | 0 | 11780 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 1489578 | 17786 | SH |  | SOLE |  | 0 | 0 | 17786 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 8664554 | 147532 | SH |  | SOLE |  | 0 | 0 | 147532 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 10725569 | 141405 | SH |  | SOLE |  | 0 | 0 | 141405 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 334467 | 4195 | SH |  | SOLE |  | 0 | 0 | 4195 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 39757161 | 527003 | SH |  | SOLE |  | 0 | 0 | 527003 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 370999 | 2585 | SH |  | SOLE |  | 0 | 0 | 2585 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 10999976 | 82403 | SH |  | SOLE |  | 0 | 0 | 82403 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 480816 | 3975 | SH |  | SOLE |  | 0 | 0 | 3975 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 14281846 | 113420 | SH |  | SOLE |  | 0 | 0 | 113420 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 340535 | 825 | SH |  | SOLE |  | 0 | 0 | 825 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 2186055 | 75852 | SH |  | SOLE |  | 0 | 0 | 75852 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 4407872 | 25587 | SH |  | SOLE |  | 0 | 0 | 25587 |

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