# EDGAR Filing Document

**Accession Number:** 0001686242
**File Stem:** 0001686242-26-000001
**Filing Date:** 2026-2
**Character Count:** 16695
**Document Hash:** f0ca510df02ab3cd3b5d7de6c069221e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001686242-26-000001.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001686242-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IBEX WEALTH ADVISORS
- **CENTRAL INDEX KEY:** 0001686242

**ORGANIZATION NAME:**
- **EIN:** 461546984
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17550
- **FILM NUMBER:** 26636675

**BUSINESS ADDRESS:**
- **STREET 1:** 135 US HIGHWAY 202 206
- **STREET 2:** SUITE 4
- **CITY:** BEDMINSTER
- **STATE:** NJ
- **ZIP:** 07921
- **BUSINESS PHONE:** 908-849-4800

**MAIL ADDRESS:**
- **STREET 1:** 135 US HIGHWAY 202 206
- **STREET 2:** SUITE 4
- **CITY:** BEDMINSTER
- **STATE:** NJ
- **ZIP:** 07921

### 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:** IBEX WEALTH ADVISORS<br>**Address:** 135 US HIGHWAY 202 206<br>SUITE 4<br>BEDMINSTER, NJ 07921

**Form 13F File Number:** 028-17550

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:** James J. Varaklis<br>**Title:** Chief Compliance Officer<br>**Phone:** 908-849-7921

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

James J. Varaklis  Bedminster, NJ  02-17-2026<br>[Signature]  [City, State]  [Date]

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

[x] **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).)

[ ] **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:** 0

**Form 13F Information Table Entry Total:** 123

**Form 13F Information Table Value Total:** $1021137318

      (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.]

**NONE**

### 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 |
| ABBVIE INC | Common Stock | 00287Y109 |  | 13560424 | 59348 | SH |  | SOLE |  | 7620 | 0 | 51728 |
| AGREE REALTY | Common Stock | 008492100 |  | 7144276 | 99185 | SH |  | SOLE |  | 14655 | 0 | 84530 |
| ALPHABET INC | Common Stock | 02079K305 |  | 19841581 | 63392 | SH |  | SOLE |  | 7856 | 0 | 55536 |
| ALPHABET INC | Common Stock | 02079K107 |  | 6264519 | 19963 | SH |  | SOLE |  | 277 | 0 | 19686 |
| AMAZON COM | Common Stock | 023135106 |  | 18160230 | 78677 | SH |  | SOLE |  | 5579 | 0 | 73098 |
| AMERICA MOVIL | Common Stock | 02390A101 |  | 251921 | 12188 | SH |  | SOLE |  | 0 | 0 | 12188 |
| AMERICAN ELECTRIC | Common Stock | 025537101 |  | 6292273 | 54569 | SH |  | SOLE |  | 7856 | 0 | 46713 |
| AMERICAN EXPRESS | Common Stock | 025816109 |  | 7409714 | 20029 | SH |  | SOLE |  | 67 | 0 | 19962 |
| AMGEN INC | Common Stock | 031162100 |  | 9458159 | 28897 | SH |  | SOLE |  | 4199 | 0 | 24697 |
| ANNALY CAPITAL | Common Stock | 035710839 |  | 13945587 | 623685 | SH |  | SOLE |  | 93778 | 0 | 529907 |
| APPLE INC | Common Stock | 037833100 |  | 30842218 | 113449 | SH |  | SOLE |  | 5462 | 0 | 107987 |
| APPLOVIN CORP | Common Stock | 03831W108 |  | 30290243 | 44953 | SH |  | SOLE |  | 6116 | 0 | 38837 |
| ARISTA NETWORKS | Common Stock | 040413205 |  | 9248626 | 70584 | SH |  | SOLE |  | 8731 | 0 | 61853 |
| AT INC | Common Stock | 00206R102 |  | 13718348 | 552268 | SH |  | SOLE |  | 81608 | 0 | 470660 |
| BANK NEW YORK | Common Stock | 064058100 |  | 6711388 | 57812 | SH |  | SOLE |  | 222 | 0 | 57590 |
| BCB BANCORP | Common Stock | 055298103 |  | 121050 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| BLACKROCK CORE | MF Closed and MF Open | 09249E101 |  | 891433 | 92954 | SH |  | SOLE |  | 9527 | 0 | 83427 |
| BLACKROCK CREDIT | MF Closed and MF Open | 092508100 |  | 1165827 | 107648 | SH |  | SOLE |  | 12624 | 0 | 95024 |
| BLACKROCK TXBL | MF Closed and MF Open | 09248X100 |  | 364891 | 22359 | SH |  | SOLE |  | 1206 | 0 | 21152 |
| BLACKSTONE INC | Common Stock | 09260D107 |  | 7373643 | 47837 | SH |  | SOLE |  | 6156 | 0 | 41682 |
| BLOCK H | Common Stock | 093671105 |  | 4564191 | 104731 | SH |  | SOLE |  | 15569 | 0 | 89163 |
| BROADCOM INC | Common Stock | 11135F101 |  | 58232551 | 168254 | SH |  | SOLE |  | 21863 | 0 | 146391 |
| CAPITAL ONE | Common Stock | 14040H105 |  | 14663343 | 60502 | SH |  | SOLE |  | 3971 | 0 | 56531 |
| CARETRUST REIT | Common Stock | 14174T107 |  | 8445607 | 233562 | SH |  | SOLE |  | 31780 | 0 | 201783 |
| CHEVRON CORP | Common Stock | 166764100 |  | 7990138 | 52425 | SH |  | SOLE |  | 6584 | 0 | 45842 |
| CME GROUP | Common Stock | 12572Q105 |  | 8873384 | 32494 | SH |  | SOLE |  | 4447 | 0 | 28047 |
| CNO FINANCIAL | Common Stock | 12621E103 |  | 890723 | 20973 | SH |  | SOLE |  | 0 | 0 | 20973 |
| COMCAST CORP | Common Stock | 20030N101 |  | 4554706 | 152382 | SH |  | SOLE |  | 21629 | 0 | 130753 |
| DIGITAL REALTY | Common Stock | 253868103 |  | 6487099 | 41931 | SH |  | SOLE |  | 5424 | 0 | 36507 |
| ELI LILLY | Common Stock | 532457108 |  | 7702538 | 7167 | SH |  | SOLE |  | 932 | 0 | 6235 |
| EMBRAER S A | Common Stock | 29082A107 |  | 4791619 | 74439 | SH |  | SOLE |  | 7691 | 0 | 66748 |
| FIDELITY TOTAL | MF Closed and MF Open | 316188309 |  | 1091672 | 23711 | SH |  | SOLE |  | 1945 | 0 | 21767 |
| FIFTH THIRD | Common Stock | 316773100 |  | 737460 | 15754 | SH |  | SOLE |  | 0 | 0 | 15754 |
| GE AEROSPACE | Common Stock | 369604301 |  | 8217952 | 26679 | SH |  | SOLE |  | 83 | 0 | 26596 |
| GE VERNOVA | Common Stock | 36828A101 |  | 3089275 | 4727 | SH |  | SOLE |  | 0 | 0 | 4727 |
| GENERAL MOTORS | Common Stock | 37045V100 |  | 952098 | 11708 | SH |  | SOLE |  | 0 | 0 | 11708 |
| GILEAD SCIENCES | Common Stock | 375558103 |  | 8414358 | 68554 | SH |  | SOLE |  | 194 | 0 | 68360 |
| GLOBAL X | MF Closed and MF Open | 37954Y483 |  | 712996 | 40351 | SH |  | SOLE |  | 4830 | 0 | 35520 |
| GOLDMAN SACHS | Common Stock | 38141G104 |  | 6727520 | 7654 | SH |  | SOLE |  | 30 | 0 | 7624 |
| GRANITESHARES GOLD | MF Closed and MF Open | 38748G101 |  | 1467349 | 34534 | SH |  | SOLE |  | 0 | 0 | 34534 |
| HOWMET AEROSPACE | Common Stock | 443201108 |  | 7595374 | 37047 | SH |  | SOLE |  | 4647 | 0 | 32400 |
| INTEL CORP | Common Stock | 458140100 |  | 4349504 | 117873 | SH |  | SOLE |  | 555 | 0 | 117318 |
| INTERACTIVE BROKERS | Common Stock | 45841N107 |  | 9935357 | 154492 | SH |  | SOLE |  | 19438 | 0 | 135054 |
| INTL BUSINESS | Common Stock | 459200101 |  | 12545889 | 42355 | SH |  | SOLE |  | 3664 | 0 | 38691 |
| INVESCO LTD | Common Stock | G491BT108 |  | 437082 | 16638 | SH |  | SOLE |  | 0 | 0 | 16638 |
| INVESCO MUNICIPAL | MF Closed and MF Open | 46131J103 |  | 874768 | 90650 | SH |  | SOLE |  | 9250 | 0 | 81400 |
| INVESCO PFD | MF Closed and MF Open | 46138E511 |  | 1350920 | 120188 | SH |  | SOLE |  | 17188 | 0 | 103001 |
| INVESCO QQQ | MF Closed and MF Open | 46090E103 |  | 8120392 | 13219 | SH |  | SOLE |  | 0 | 0 | 13219 |
| ISHARES 20 | MF Closed and MF Open | 464287432 |  | 935837 | 10737 | SH |  | SOLE |  | 0 | 0 | 10737 |
| ISHARES 7-10YR | MF Closed and MF Open | 464287440 |  | 1672799 | 17396 | SH |  | SOLE |  | 0 | 0 | 17396 |
| ISHARES CORE | MF Closed and MF Open | 46432F842 |  | 1185906 | 13256 | SH |  | SOLE |  | 0 | 0 | 13256 |
| ISHARES EXPANDED | MF Closed and MF Open | 464287515 |  | 1327058 | 12556 | SH |  | SOLE |  | 903 | 0 | 11653 |
| ISHARES GOLD | Common Stock | 464285204 |  | 1490200 | 18359 | SH |  | SOLE |  | 0 | 0 | 18359 |
| ISHARES INTEREST | MF Closed and MF Open | 46431W606 |  | 2313557 | 26839 | SH |  | SOLE |  | 0 | 0 | 26839 |
| ISHARES INTL | MF Closed and MF Open | 464288448 |  | 862394 | 21860 | SH |  | SOLE |  | 0 | 0 | 21860 |
| ISHARES MSCI | MF Closed and MF Open | 46429B697 |  | 7831094 | 83168 | SH |  | SOLE |  | 0 | 0 | 83168 |
| ISHARES MSCI | MF Closed and MF Open | 464287465 |  | 4956493 | 51614 | SH |  | SOLE |  | 0 | 0 | 51614 |
| ISHARES MSCI | MF Closed and MF Open | 46429B689 |  | 1236668 | 14338 | SH |  | SOLE |  | 0 | 0 | 14338 |
| ISHARES PFD | MF Closed and MF Open | 464288687 |  | 1909220 | 61667 | SH |  | SOLE |  | 9610 | 0 | 52057 |
| ISHARES S | MF Closed and MF Open | 464287101 |  | 2046659 | 5967 | SH |  | SOLE |  | 0 | 0 | 5967 |
| ISHARES SEMICONDUCTOR | MF Closed and MF Open | 464287523 |  | 2285341 | 7589 | SH |  | SOLE |  | 723 | 0 | 6866 |
| ISHARES TECHNOLOGY | MF Closed and MF Open | 464287721 |  | 2278421 | 11410 | SH |  | SOLE |  | 0 | 0 | 11410 |
| JACKSON FINANCIAL | Common Stock | 46817M107 |  | 20917852 | 196136 | SH |  | SOLE |  | 29335 | 0 | 166801 |
| JPMORGAN CHASE | Common Stock | 46625H100 |  | 7966626 | 24724 | SH |  | SOLE |  | 204 | 0 | 24520 |
| KIMCO REALTY | Common Stock | 49446R109 |  | 6943480 | 342550 | SH |  | SOLE |  | 47724 | 0 | 294827 |
| KINDER MORGAN | Common Stock | 49456B101 |  | 14871415 | 540975 | SH |  | SOLE |  | 86638 | 0 | 454337 |
| LAM RESEARCH | Common Stock | 512807306 |  | 2901953 | 16953 | SH |  | SOLE |  | 0 | 0 | 16953 |
| LAMAR ADVERTISING | Common Stock | 512816109 |  | 6752209 | 53344 | SH |  | SOLE |  | 6971 | 0 | 46373 |
| MASTERCARD INC | Common Stock | 57636Q104 |  | 8054305 | 14109 | SH |  | SOLE |  | 1676 | 0 | 12433 |
| MERCK  COMPANY | Common Stock | 58933Y105 |  | 9987059 | 94880 | SH |  | SOLE |  | 12358 | 0 | 82522 |
| META PLATFORMS | Common Stock | 30303M102 |  | 11256756 | 17054 | SH |  | SOLE |  | 1566 | 0 | 15487 |
| MICRON TECHNOLOGY INC | Common Stock | 595112103 |  | 14445750 | 50614 | SH |  | SOLE |  | 6425 | 0 | 44190 |
| MICROSOFT CORP | Common Stock | 594918104 |  | 39269528 | 81199 | SH |  | SOLE |  | 4794 | 0 | 76405 |
| MORGAN STANLEY | Common Stock | 617446448 |  | 6171801 | 34765 | SH |  | SOLE |  | 146 | 0 | 34619 |
| NATIONAL FUEL | Common Stock | 636180101 |  | 7009539 | 87554 | SH |  | SOLE |  | 11646 | 0 | 75908 |
| NEUBERGER CORE | MF Closed and MF Open | 64135A861 |  | 652696 | 20714 | SH |  | SOLE |  | 9333 | 0 | 11381 |
| NEWMONT CORP | Common Stock | 651639106 |  | 5643742 | 56522 | SH |  | SOLE |  | 6780 | 0 | 49742 |
| NISOURCE INC | Common Stock | 65473P105 |  | 461946 | 11062 | SH |  | SOLE |  | 0 | 0 | 11062 |
| NUVEEN AMT | MF Closed and MF Open | 670657105 |  | 1815439 | 156100 | SH |  | SOLE |  | 17636 | 0 | 138464 |
| NUVEEN AMT | MF Closed and MF Open | 67071L106 |  | 282533 | 22317 | SH |  | SOLE |  | 1539 | 0 | 20778 |
| NUVEEN MUNICIPAL | MF Closed and MF Open | 670928100 |  | 1540084 | 169988 | SH |  | SOLE |  | 13300 | 0 | 156688 |
| NUVEEN MUNICIPAL | MF Closed and MF Open | 670682103 |  | 343803 | 33739 | SH |  | SOLE |  | 0 | 0 | 33739 |
| NUVEEN MUNICIPAL | MF Closed and MF Open | 67070X101 |  | 377890 | 30039 | SH |  | SOLE |  | 0 | 0 | 30039 |
| NUVEEN NEW YORK | MF Closed and MF Open | 67066X107 |  | 167864 | 14908 | SH |  | SOLE |  | 0 | 0 | 14908 |
| NUVEEN NEW YORK | MF Closed and MF Open | 670656107 |  | 114774 | 11375 | SH |  | SOLE |  | 0 | 0 | 11375 |
| NUVEEN PFD | MF Closed and MF Open | 67073B106 |  | 2374596 | 292799 | SH |  | SOLE |  | 34749 | 0 | 258049 |
| NUVEEN QUALITY | MF Closed and MF Open | 67066V101 |  | 1590103 | 132288 | SH |  | SOLE |  | 18357 | 0 | 113931 |
| NVIDIA CORP | Common Stock | 67066G104 |  | 127288891 | 682514 | SH |  | SOLE |  | 77067 | 0 | 605447 |
| ONEOK INC | Common Stock | 682680103 |  | 13286060 | 180762 | SH |  | SOLE |  | 29641 | 0 | 151122 |
| PALANTIR TECHNOLOGIES | Common Stock | 69608A108 |  | 33673734 | 189444 | SH |  | SOLE |  | 23656 | 0 | 165788 |
| PALO ALTO | Common Stock | 697435105 |  | 12673867 | 68805 | SH |  | SOLE |  | 9493 | 0 | 59312 |
| PFIZER INC | Common Stock | 717081103 |  | 8494558 | 341147 | SH |  | SOLE |  | 51182 | 0 | 289965 |
| PRINCIPAL SPECTRUM | MF Closed and MF Open | 74255Y888 |  | 1572125 | 82440 | SH |  | SOLE |  | 13123 | 0 | 69317 |
| PUBLIC SERVICE | Common Stock | 744573106 |  | 834573 | 10393 | SH |  | SOLE |  | 0 | 0 | 10393 |
| RTX CORP | Common Stock | 75513E101 |  | 5686833 | 31008 | SH |  | SOLE |  | 142 | 0 | 30866 |
| SCHOLASTIC CORP | Common Stock | 807066105 |  | 454023 | 15323 | SH |  | SOLE |  | 0 | 0 | 15323 |
| SCHWAB CHARLES | Common Stock | 808513105 |  | 5304519 | 53093 | SH |  | SOLE |  | 269 | 0 | 52824 |
| SCOTTS MIRACLE-GRO | Common Stock | 810186106 |  | 6365542 | 109092 | SH |  | SOLE |  | 15689 | 0 | 93403 |
| SHELL PLC | Common Stock | 780259305 |  | 11281177 | 153527 | SH |  | SOLE |  | 22348 | 0 | 131179 |
| SPDR S | MF Closed and MF Open | 78462F103 |  | 7835946 | 11491 | SH |  | SOLE |  | 40 | 0 | 11451 |
| STATE STREET | MF Closed and MF Open | 81369Y803 |  | 4101085 | 28486 | SH |  | SOLE |  | 576 | 0 | 27910 |
| STATE STREET | MF Closed and MF Open | 81369Y506 |  | 2067783 | 46249 | SH |  | SOLE |  | 0 | 0 | 46249 |
| STATE STREET | MF Closed and MF Open | 81369Y605 |  | 943742 | 17231 | SH |  | SOLE |  | 0 | 0 | 17231 |
| STONEX GROUP | Common Stock | 861896108 |  | 5841622 | 61407 | SH |  | SOLE |  | 7631 | 0 | 53776 |
| TAIWAN SEMICONDUCTOR | Common Stock | 874039100 |  | 10067791 | 33130 | SH |  | SOLE |  | 3902 | 0 | 29228 |
| TESLA INC | Common Stock | 88160R101 |  | 4147306 | 9222 | SH |  | SOLE |  | 0 | 0 | 9222 |
| THERMO FISHER | Common Stock | 883556102 |  | 3874812 | 6687 | SH |  | SOLE |  | 41 | 0 | 6646 |
| TRUIST FINANCIAL | Common Stock | 89832Q109 |  | 8977796 | 182438 | SH |  | SOLE |  | 26035 | 0 | 156404 |
| U S TREASURY | MF Closed and MF Open | 74933W452 |  | 16290818 | 326600 | SH |  | SOLE |  | 0 | 0 | 326600 |
| UBER TECHNOLOGIES | Common Stock | 90353T100 |  | 7158293 | 87606 | SH |  | SOLE |  | 9961 | 0 | 77645 |
| UNITEDHEALTH GROUP | Common Stock | 91324P102 |  | 7701398 | 23330 | SH |  | SOLE |  | 3446 | 0 | 19885 |
| UNUM GROUP | Common Stock | 91529Y106 |  | 9656665 | 124602 | SH |  | SOLE |  | 18547 | 0 | 106055 |
| VANGUARD HIGH | MF Closed and MF Open | 921946406 |  | 1715727 | 11955 | SH |  | SOLE |  | 1536 | 0 | 10418 |
| VANGUARD S | MF Closed and MF Open | 922908363 |  | 2257175 | 3599 | SH |  | SOLE |  | 7 | 0 | 3593 |
| VANGUARD SHORT | MF Closed and MF Open | 92206C409 |  | 3022293 | 37907 | SH |  | SOLE |  | 1255 | 0 | 36652 |
| VERIZON COMMUNICATIONS | Common Stock | 92343V104 |  | 12366755 | 303628 | SH |  | SOLE |  | 42148 | 0 | 261479 |
| VERTIV HOLDINGS | Common Stock | 92537N108 |  | 15815189 | 97619 | SH |  | SOLE |  | 13644 | 0 | 83974 |
| VICI PROPERTIES | Common Stock | 925652109 |  | 7476116 | 265865 | SH |  | SOLE |  | 39034 | 0 | 226831 |
| VIRTU FINANCIAL | Common Stock | 928254101 |  | 6638581 | 199238 | SH |  | SOLE |  | 27566 | 0 | 171672 |
| VISA INC | Common Stock | 92826C839 |  | 12329031 | 35155 | SH |  | SOLE |  | 5015 | 0 | 30140 |
| WALMART INC | Common Stock | 931142103 |  | 5619362 | 50439 | SH |  | SOLE |  | 226 | 0 | 50213 |
| WELLS FARGO | Common Stock | 949746101 |  | 6357328 | 68212 | SH |  | SOLE |  | 286 | 0 | 67926 |
| WILLIAMS COS | Common Stock | 969457100 |  | 20841196 | 346718 | SH |  | SOLE |  | 54214 | 0 | 292504 |

---