# EDGAR Filing Document

**Accession Number:** 0001559832
**File Stem:** 0001172661-25-003012
**Filing Date:** 2025-8
**Character Count:** 12299
**Document Hash:** f1856e30842a5266f9b5390dda6d0589
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003012.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001172661-25-003012

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**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:** 251201569

**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:** 06-30-2025

**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  08-11-2025<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:** 82

**Form 13F Information Table Value Total:** $1017193002

      (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 |
| ATI INC | COM | 01741R102 |  | 3780829 | 43790 | SH |  | SOLE |  | 0 | 0 | 43790 |
| BOEING CO | COM | 097023105 |  | 3503761 | 16722 | SH |  | SOLE |  | 0 | 0 | 16722 |
| BROADCOM INC | COM | 11135F101 |  | 3762898 | 13651 | SH |  | SOLE |  | 0 | 0 | 13651 |
| CHEWY INC | CL A | 16679L109 |  | 3197523 | 75024 | SH |  | SOLE |  | 0 | 0 | 75024 |
| COREBRIDGE FINL INC | COM | 21871X109 |  | 3841207 | 108203 | SH |  | SOLE |  | 0 | 0 | 108203 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 3600542 | 113189 | SH |  | SOLE |  | 0 | 0 | 113189 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 2816837 | 6870 | SH |  | SOLE |  | 0 | 0 | 6870 |
| EDISON INTL | COM | 281020107 |  | 3302555 | 64003 | SH |  | SOLE |  | 0 | 0 | 64003 |
| ETF SER SOLUTIONS | THE BRINSMERE FU | 26922B519 |  | 314386509 | 11264134 | SH |  | SOLE |  | 0 | 0 | 11264134 |
| ETF SER SOLUTIONS | THE BRINSMERE FU | 26922B493 |  | 320182945 | 11868782 | SH |  | SOLE |  | 0 | 0 | 11868782 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 14143351 | 268885 | SH |  | SOLE |  | 0 | 0 | 268885 |
| FIRST MID ILL BANCSHARES INC | COM | 320866106 |  | 426824 | 11385 | SH |  | SOLE |  | 0 | 0 | 11385 |
| GE AEROSPACE | COM NEW | 369604301 |  | 3621735 | 14071 | SH |  | SOLE |  | 0 | 0 | 14071 |
| GE VERNOVA INC | COM | 36828A101 |  | 3844804 | 7266 | SH |  | SOLE |  | 0 | 0 | 7266 |
| GENERAL MTRS CO | COM | 37045V100 |  | 3671066 | 74600 | SH |  | SOLE |  | 0 | 0 | 74600 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 3786257 | 20342 | SH |  | SOLE |  | 0 | 0 | 20342 |
| INTEL CORP | COM | 458140100 |  | 268800 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 429864 | 32965 | SH |  | SOLE |  | 0 | 0 | 32965 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 |  | 9315571 | 445295 | SH |  | SOLE |  | 0 | 0 | 445295 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 6767520 | 12268 | SH |  | SOLE |  | 0 | 0 | 12268 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 563525 | 8925 | SH |  | SOLE |  | 0 | 0 | 8925 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 5248791 | 62441 | SH |  | SOLE |  | 0 | 0 | 62441 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 9109593 | 88520 | SH |  | SOLE |  | 0 | 0 | 88520 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 5658807 | 70165 | SH |  | SOLE |  | 0 | 0 | 70165 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 500610 | 3700 | SH |  | SOLE |  | 0 | 0 | 3700 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 467081 | 9825 | SH |  | SOLE |  | 0 | 0 | 9825 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 |  | 298816 | 7230 | SH |  | SOLE |  | 0 | 0 | 7230 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 245163 | 5325 | SH |  | SOLE |  | 0 | 0 | 5325 |
| ISHARES TR | ESG SELECT SCRE | 46436E551 |  | 306685 | 7390 | SH |  | SOLE |  | 0 | 0 | 7390 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 9318436 | 112460 | SH |  | SOLE |  | 0 | 0 | 112460 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 6897385 | 62465 | SH |  | SOLE |  | 0 | 0 | 62465 |
| ISHARES TR | CORE 1 5 YR USD | 46432F859 |  | 5090250 | 104630 | SH |  | SOLE |  | 0 | 0 | 104630 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 576768 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 5392617 | 12701 | SH |  | SOLE |  | 0 | 0 | 12701 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 568330 | 6440 | SH |  | SOLE |  | 0 | 0 | 6440 |
| MOSAIC CO NEW | COM | 61945C103 |  | 3523056 | 96575 | SH |  | SOLE |  | 0 | 0 | 96575 |
| NETFLIX INC | COM | 64110L106 |  | 3799112 | 2837 | SH |  | SOLE |  | 0 | 0 | 2837 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 3390622 | 62362 | SH |  | SOLE |  | 0 | 0 | 62362 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 3617386 | 22527 | SH |  | SOLE |  | 0 | 0 | 22527 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 783630 | 4960 | SH |  | SOLE |  | 0 | 0 | 4960 |
| OKTA INC | CL A | 679295105 |  | 2758172 | 27590 | SH |  | SOLE |  | 0 | 0 | 27590 |
| OPTION CARE HEALTH INC | COM NEW | 68404L201 |  | 3688754 | 113570 | SH |  | SOLE |  | 0 | 0 | 113570 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 4573536 | 33550 | SH |  | SOLE |  | 0 | 0 | 33550 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 3701167 | 271745 | SH |  | SOLE |  | 0 | 0 | 271745 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 3582861 | 19672 | SH |  | SOLE |  | 0 | 0 | 19672 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 9315070 | 92655 | SH |  | SOLE |  | 0 | 0 | 92655 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 4641707 | 49575 | SH |  | SOLE |  | 0 | 0 | 49575 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 6996547 | 85679 | SH |  | SOLE |  | 0 | 0 | 85679 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 12590734 | 93410 | SH |  | SOLE |  | 0 | 0 | 93410 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 1753714 | 33487 | SH |  | SOLE |  | 0 | 0 | 33487 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 280828 | 6780 | SH |  | SOLE |  | 0 | 0 | 6780 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 10361034 | 95467 | SH |  | SOLE |  | 0 | 0 | 95467 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 13665256 | 155623 | SH |  | SOLE |  | 0 | 0 | 155623 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 8308526 | 38230 | SH |  | SOLE |  | 0 | 0 | 38230 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 18497839 | 228453 | SH |  | SOLE |  | 0 | 0 | 228453 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 378677 | 4465 | SH |  | SOLE |  | 0 | 0 | 4465 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 5377339 | 21235 | SH |  | SOLE |  | 0 | 0 | 21235 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 5575341 | 18290 | SH |  | SOLE |  | 0 | 0 | 18290 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1143023 | 1850 | SH |  | SOLE |  | 0 | 0 | 1850 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 382291 | 7030 | SH |  | SOLE |  | 0 | 0 | 7030 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 1490547 | 20505 | SH |  | SOLE |  | 0 | 0 | 20505 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 3871998 | 5046 | SH |  | SOLE |  | 0 | 0 | 5046 |
| STELLANTIS N.V | SHS | N82405106 |  | 3380391 | 337028 | SH |  | SOLE |  | 0 | 0 | 337028 |
| TILRAY BRANDS INC | COM | 88688T100 |  | 29008 | 70000 | SH |  | SOLE |  | 0 | 0 | 70000 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 1060331 | 13710 | SH |  | SOLE |  | 0 | 0 | 13710 |
| VANGUARD BD INDEX FDS | LONG TERM BOND | 921937793 |  | 549714 | 7905 | SH |  | SOLE |  | 0 | 0 | 7905 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 13509632 | 183480 | SH |  | SOLE |  | 0 | 0 | 183480 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 16958355 | 215481 | SH |  | SOLE |  | 0 | 0 | 215481 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 956517 | 5412 | SH |  | SOLE |  | 0 | 0 | 5412 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1357950 | 4467 | SH |  | SOLE |  | 0 | 0 | 4467 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 5981530 | 13644 | SH |  | SOLE |  | 0 | 0 | 13644 |
| VANGUARD INTL EQUITY INDEX F | FTSE PACIFIC ETF | 922042866 |  | 705515 | 8585 | SH |  | SOLE |  | 0 | 0 | 8585 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 711482 | 14385 | SH |  | SOLE |  | 0 | 0 | 14385 |
| VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 |  | 689363 | 8895 | SH |  | SOLE |  | 0 | 0 | 8895 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 1112455 | 13416 | SH |  | SOLE |  | 0 | 0 | 13416 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 10108028 | 127145 | SH |  | SOLE |  | 0 | 0 | 127145 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 6099718 | 103772 | SH |  | SOLE |  | 0 | 0 | 103772 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 33210872 | 480690 | SH |  | SOLE |  | 0 | 0 | 480690 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 265329 | 2420 | SH |  | SOLE |  | 0 | 0 | 2420 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 13336675 | 111960 | SH |  | SOLE |  | 0 | 0 | 111960 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 6489754 | 50980 | SH |  | SOLE |  | 0 | 0 | 50980 |
| VERISIGN INC | COM | 92343E102 |  | 3737361 | 12941 | SH |  | SOLE |  | 0 | 0 | 12941 |

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