1248 Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed June 9, 2025), 1248 Management, LLC reported 167 stock positions worth $234.0 million. Its top holding was Palmer Square Capital BDC (PSBD) at 17.3% of the portfolio, followed by Amazon.com (AMZN, 6.9%) and Alphabet Class A (GOOGL, 6.3%). Compared with Q4 2024, it opened 97 new positions, sold out of 5, added to 22 and reduced 42. The biggest buy was Palmer Square Capital BDC (PSBD, shares +36%) and the biggest sale an exit from SS Financial Select Sector (XLF).
- Most Recent 13F
- Q2 2026
- Location
- Kansas City, MO
- CIK
- 0002011147
- Portfolio Value
- $234.0M (Q1 2025)
- SEC Filing
- 0001580642-25-003600 ↗ filed Jun 9, 2025
Holdings Value
Holdings 167 stocks · $234.0M
| PSBD Palmer Square Capital BDC Inc. | 17.31% | 2,954,713 | $40.5M | Add +36.0% |
| AMZN Amazon.com Inc. | 6.95% | 85,407 | $16.2M | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 6.32% | 95,619 | $14.8M | Reduce -0.2% |
| XLI SS Industrial Select Sector | 6.14% | 171,998 | $14.4M | Add +140.9% |
| MSFT Microsoft Corp. | 5.31% | 33,113 | $12.4M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 4.63% | 44,147 | $10.8M | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.08% | 17,033 | $9.6M | No change |
| AAPL Apple Inc. | 3.67% | 38,709 | $8.6M | Reduce -0.3% |
| SCHW Schwab (charles) Corp. | 3.14% | 93,729 | $7.3M | No change |
| UBER Uber Technologies Inc. | 2.98% | 95,832 | $7.0M | Add +5.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.86% | 149,755 | $6.7M | Add +32.9% |
| NVDA Nvidia Corp. | 2.67% | 57,621 | $6.2M | Add +56.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.90% | 9,485 | $4.5M | Reduce -1.7% |
| ORCL Oracle Corp. | 1.80% | 30,198 | $4.2M | Add +501.9% |
| IJR iShares Core S&P Small-Cap E | 1.04% | 23,393 | $2.4M | Add +1.1% |
| PNC PNC Financial Services Group | 0.98% | 12,985 | $2.3M | Add +155.5% |
| META Meta Platforms Inc. Class A | 0.90% | 3,653 | $2.1M | Reduce -3.3% |
| SMH Vaneck Semiconductor ETF | 0.88% | 9,715 | $2.1M | Reduce -51.7% |
| PAYS Paysign Inc. | 0.83% | 920,000 | $2.0M | No change |
| V Visa Inc. Class A | 0.78% | 5,221 | $1.8M | Reduce -9.1% |
| CVX Chevron Corp. | 0.72% | 10,095 | $1.7M | Reduce -38.2% |
| DHR Danaher Corp. | 0.72% | 8,200 | $1.7M | No change |
| LLY Eli Lilly & Co. | 0.68% | 1,930 | $1.6M | Reduce -1.1% |
| AMD Advanced Micro Devices | 0.67% | 15,300 | $1.6M | Add +78.5% |
| TMUS T-Mobile US Inc. | 0.60% | 5,295 | $1.4M | Add +1.2% |
| NOW ServiceNow Inc. | 0.60% | 1,771 | $1.4M | Reduce -10.7% |
| AZO AutoZone Inc. | 0.58% | 356 | $1.4M | Reduce -13.2% |
| MRK Merck & Co. Inc. | 0.55% | 14,165 | $1.3M | Add +0.0% |
| ABBV Abbvie Inc. | 0.54% | 6,067 | $1.3M | Reduce -11.1% |
| UNP Union Pacific Corp. | 0.54% | 5,328 | $1.3M | Add +6.3% |
| BKR Baker Hughes Co. | 0.53% | 28,329 | $1.2M | New |
| EW Edwards Lifesciences Corp. | 0.51% | 16,498 | $1.2M | No change |
| PANW Palo Alto Networks Inc. | 0.50% | 6,810 | $1.2M | Reduce -9.6% |
| BLK BlackRock Inc. | 0.49% | 1,221 | $1.2M | Reduce -11.5% |
| URI United Rentals Inc. | 0.48% | 1,795 | $1.1M | Reduce -11.7% |
| MRSH Marsh & McLennan Cos | 0.46% | 4,444 | $1.1M | Reduce -13.0% |
| BKNG Booking Holdings Inc. | 0.46% | 234 | $1.1M | Reduce -8.6% |
| ABT Abbott Laboratories | 0.46% | 8,092 | $1.1M | Reduce -8.4% |
| GLW Corning Inc. | 0.45% | 23,135 | $1.1M | Reduce -6.3% |
| AVGO Broadcom Inc. | 0.45% | 6,239 | $1.0M | Add +312.4% |
| SNPS Synopsys Inc. | 0.44% | 2,392 | $1.0M | Reduce -14.1% |
| COST Costco Wholesale Corp. | 0.44% | 1,082 | $1.0M | Reduce -44.7% |
| VMC Vulcan Materials Co. | 0.43% | 4,274 | $997K | Reduce -12.2% |
| GS Goldman Sachs Group Inc. | 0.42% | 1,813 | $990K | Reduce -9.6% |
| KLAC KLA Corp. | 0.42% | 1,435 | $976K | Reduce -14.4% |
| WCN Waste Connections Inc. | 0.41% | 4,952 | $967K | Reduce -14.6% |
| TTWO Take-Two Interactive Softwre | 0.41% | 4,579 | $949K | Reduce -0.1% |
| GLD SPDR Gold Shares | 0.40% | 3,219 | $928K | New |
| RMD Resmed Inc. | 0.40% | 4,131 | $925K | Reduce -11.9% |
| LULU Lululemon Athletica Inc. | 0.39% | 3,227 | $913K | Reduce -2.9% |
| UPS United Parcel Service Class B | 0.39% | 8,218 | $904K | Add +352.0% |
| PG The Procter & Gamble Co. | 0.38% | 5,177 | $882K | Add +4.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.37% | 7,185 | $875K | Reduce -12.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.37% | 1,795 | $870K | Reduce -13.1% |
| NEE Nextera Energy Inc. | 0.37% | 12,096 | $857K | Add +12.7% |
| ALB Albemarle Corp. | 0.36% | 11,800 | $851K | Add +265.8% |
| SPGI S&P Global Inc. | 0.36% | 1,674 | $851K | New |
| MCHP Microchip Technology Inc. | 0.36% | 17,561 | $850K | Add +101.2% |
| LOW Lowe's Cos Inc. | 0.36% | 3,627 | $846K | Reduce -12.0% |
| AWK American Water Works Co. Inc. | 0.35% | 5,622 | $829K | Reduce -12.9% |
| PLNT Planet Fitness Inc. Class A | 0.35% | 8,376 | $809K | New |
| ANET Arista Networks Inc. | 0.35% | 10,438 | $809K | Reduce -37.7% |
| XYL Xylem Inc. | 0.33% | 6,433 | $768K | Reduce -12.8% |
| ETN Eaton Corp. PLC | 0.31% | 2,695 | $733K | Reduce -39.3% |
| PEP Pepsico Inc. | 0.29% | 4,598 | $689K | Reduce -10.5% |
| KR Kroger Co. | 0.27% | 9,326 | $631K | New |
| TSLA Tesla Inc. | 0.26% | 2,311 | $599K | Add +9.2% |
| SNY Sanofi-ADR | 0.22% | 9,344 | $518K | New |
| PSX Phillips 66 | 0.21% | 4,046 | $500K | Add +15.3% |
| DKNG Draftkings Inc. Class A | 0.20% | 13,794 | $458K | Reduce -13.2% |
| TEAM Atlassian Corp. Class A | 0.18% | 1,948 | $413K | New |
| RIVN Rivian Automotive Inc. Class A | 0.14% | 26,175 | $326K | No change |
| AMGN Amgen Inc. | 0.14% | 1,021 | $318K | New |
| FCX Freeport-McMoran Inc. | 0.13% | 8,286 | $314K | Reduce -13.2% |
| HD Home Depot Inc. | 0.13% | 840 | $308K | New |
| NDAQ Nasdaq Inc. | 0.13% | 3,947 | $299K | New |
| MA Mastercard Inc. Class A | 0.12% | 515 | $282K | New |
| WMT Walmart Inc. | 0.11% | 2,969 | $261K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.10% | 697 | $246K | New |
| TIDAL TRUST II | 0.10% | 9,001 | $232K | New |
| LIN Linde PLC | 0.09% | 453 | $211K | New |
| SYK Stryker Corp. | 0.09% | 543 | $203K | New |
| TT Trane Technologies PLC | 0.08% | 553 | $186K | New |
| TMO Thermo Fisher Scientific Inc. | 0.07% | 348 | $173K | New |
| LDOS Leidos Holdings Inc. | 0.07% | 1,250 | $169K | New |
| PGR Progressive Corp. | 0.07% | 592 | $168K | New |
| ACM Aecom | 0.07% | 1,649 | $153K | New |
| CDNS Cadence Design SYS Inc. | 0.05% | 492 | $125K | New |
| MS Morgan Stanley | 0.05% | 1,009 | $118K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 205 | $109K | New |
| CMI Cummins Inc. | 0.04% | 326 | $102K | New |
| MCK McKesson Corp. | 0.04% | 150 | $101K | New |
| GIS General Mills Inc. | 0.04% | 1,600 | $96K | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.04% | 1,892 | $84K | New |
| EXPE Expedia Group Inc. | 0.03% | 480 | $81K | New |
| UNH Unitedhealth Group Inc. | 0.03% | 154 | $81K | Reduce -94.9% |
| TXN Texas Instruments Inc. | 0.03% | 447 | $80K | New |
| DUK Duke Energy Corp. | 0.03% | 587 | $72K | New |
| KMI Kinder Morgan Inc. | 0.03% | 2,495 | $71K | New |
| FISV Fiserv Inc. | 0.03% | 284 | $63K | New |
Portfolio Sells Q4 2024 → Q1 2025
| XLF SS Financial Select Sector | Sold out | 0.00% | −2.10 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 6.32% | −1.49 |
| AMZN Amazon.com Inc. | Reduce -3.4% | 6.95% | −1.41 |
| SMH Vaneck Semiconductor ETF | Reduce -51.7% | 0.88% | −1.22 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.96 |
| UNH Unitedhealth Group Inc. | Reduce -94.9% | 0.03% | −0.62 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -96.8% | 0.02% | −0.56 |
| AAPL Apple Inc. | Reduce -0.3% | 3.67% | −0.51 |
| ANET Arista Networks Inc. | Reduce -37.7% | 0.35% | −0.45 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.41 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.38 |
| COST Costco Wholesale Corp. | Reduce -44.7% | 0.44% | −0.34 |
| ETN Eaton Corp. PLC | Reduce -39.3% | 0.31% | −0.32 |
| NOW ServiceNow Inc. | Reduce -10.7% | 0.60% | −0.30 |
| CVX Chevron Corp. | Reduce -38.2% | 0.72% | −0.30 |
| WSC Willscot Holdings Corp. | Reduce -95.0% | 0.01% | −0.27 |
| BALL Ball Corp. | Reduce -96.6% | 0.01% | −0.23 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.7% | 1.90% | −0.22 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.19 |
| LULU Lululemon Athletica Inc. | Reduce -2.9% | 0.39% | −0.16 |
| SNPS Synopsys Inc. | Reduce -14.1% | 0.44% | −0.14 |
| URI United Rentals Inc. | Reduce -11.7% | 0.48% | −0.14 |
| BLK BlackRock Inc. | Reduce -11.5% | 0.49% | −0.12 |
| VMC Vulcan Materials Co. | Reduce -12.2% | 0.43% | −0.11 |
| PANW Palo Alto Networks Inc. | Reduce -9.6% | 0.50% | −0.09 |
| BKNG Booking Holdings Inc. | Reduce -8.6% | 0.46% | −0.09 |
| LOW Lowe's Cos Inc. | Reduce -12.0% | 0.36% | −0.08 |
| GS Goldman Sachs Group Inc. | Reduce -9.6% | 0.42% | −0.07 |
| RMD Resmed Inc. | Reduce -11.9% | 0.40% | −0.07 |
| DKNG Draftkings Inc. Class A | Reduce -13.2% | 0.20% | −0.06 |
| GLW Corning Inc. | Reduce -6.3% | 0.45% | −0.05 |
| TJX TJX Companies Inc. | Reduce -12.4% | 0.37% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -3.3% | 0.90% | −0.05 |
| PEP Pepsico Inc. | Reduce -10.5% | 0.29% | −0.04 |
| XYL Xylem Inc. | Reduce -12.8% | 0.33% | −0.04 |
| KLAC KLA Corp. | Reduce -14.4% | 0.42% | −0.04 |
| FCX Freeport-McMoran Inc. | Reduce -13.2% | 0.13% | −0.02 |
| WCN Waste Connections Inc. | Reduce -14.6% | 0.41% | −0.02 |
| MRSH Marsh & McLennan Cos | Reduce -13.0% | 0.46% | −0.00 |
| V Visa Inc. Class A | Reduce -9.1% | 0.78% | −0.00 |
| AWK American Water Works Co. Inc. | Reduce -12.9% | 0.35% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -13.1% | 0.37% | +0.01 |
| AZO AutoZone Inc. | Reduce -13.2% | 0.58% | +0.01 |
| ABBV Abbvie Inc. | Reduce -11.1% | 0.54% | +0.02 |
| ABT Abbott Laboratories | Reduce -8.4% | 0.46% | +0.03 |
| LLY Eli Lilly & Co. | Reduce -1.1% | 0.68% | +0.03 |
| TTWO Take-Two Interactive Softwre | Reduce -0.1% | 0.41% | +0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| PSBD Palmer Square Capital BDC Inc. | Add +36.0% | 17.31% | +2.64 |
| XLI SS Industrial Select Sector | Add +140.9% | 6.14% | +2.09 |
| ORCL Oracle Corp. | Add +501.9% | 1.80% | +1.44 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +32.9% | 2.86% | +0.68 |
| UBER Uber Technologies Inc. | Add +5.9% | 2.98% | +0.63 |
| PNC PNC Financial Services Group | Add +155.5% | 0.98% | +0.55 |
| NVDA Nvidia Corp. | Add +56.0% | 2.67% | +0.53 |
| BKR Baker Hughes Co. | New | 0.53% | +0.53 |
| GLD SPDR Gold Shares | New | 0.40% | +0.40 |
| SPGI S&P Global Inc. | New | 0.36% | +0.36 |
| PLNT Planet Fitness Inc. Class A | New | 0.35% | +0.35 |
| AVGO Broadcom Inc. | Add +312.4% | 0.45% | +0.30 |
| UPS United Parcel Service Class B | Add +352.0% | 0.39% | +0.29 |
| KR Kroger Co. | New | 0.27% | +0.27 |
| ALB Albemarle Corp. | Add +265.8% | 0.36% | +0.24 |
| AMD Advanced Micro Devices | Add +78.5% | 0.67% | +0.23 |
| SNY Sanofi-ADR | New | 0.22% | +0.22 |
| TEAM Atlassian Corp. Class A | New | 0.18% | +0.18 |
| MCHP Microchip Technology Inc. | Add +101.2% | 0.36% | +0.15 |
| AMGN Amgen Inc. | New | 0.14% | +0.14 |
| HD Home Depot Inc. | New | 0.13% | +0.13 |
| NDAQ Nasdaq Inc. | New | 0.13% | +0.13 |
| MA Mastercard Inc. Class A | New | 0.12% | +0.12 |
| WMT Walmart Inc. | New | 0.11% | +0.11 |
| TMUS T-Mobile US Inc. | Add +1.2% | 0.60% | +0.11 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.10% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 4.63% | +0.10 |
| TIDAL TRUST II | New | 0.10% | +0.10 |
| LIN Linde PLC | New | 0.09% | +0.09 |
| SYK Stryker Corp. | New | 0.09% | +0.09 |
| TT Trane Technologies PLC | New | 0.08% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | New | 0.07% | +0.07 |
| LDOS Leidos Holdings Inc. | New | 0.07% | +0.07 |
| PGR Progressive Corp. | New | 0.07% | +0.07 |
| ACM Aecom | New | 0.07% | +0.07 |
| CDNS Cadence Design SYS Inc. | New | 0.05% | +0.05 |
| MS Morgan Stanley | New | 0.05% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.05% | +0.05 |
| UNP Union Pacific Corp. | Add +6.3% | 0.54% | +0.05 |
| CMI Cummins Inc. | New | 0.04% | +0.04 |
| MCK McKesson Corp. | New | 0.04% | +0.04 |
| PSX Phillips 66 | Add +15.3% | 0.21% | +0.04 |
| GIS General Mills Inc. | New | 0.04% | +0.04 |
| P Everpure Inc. Class A | New | 0.04% | +0.04 |
| NEE Nextera Energy Inc. | Add +12.7% | 0.37% | +0.03 |
| EXPE Expedia Group Inc. | New | 0.03% | +0.03 |
| TXN Texas Instruments Inc. | New | 0.03% | +0.03 |
| DUK Duke Energy Corp. | New | 0.03% | +0.03 |
| KMI Kinder Morgan Inc. | New | 0.03% | +0.03 |
| FISV Fiserv Inc. | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 149 | $255.8M | PSBD, GOOGL, APO, MSFT, SCHW |
| Q1 2026 | 146 | $215.7M | PSBD, IGV, GOOGL, MSFT, SCHW |
| Q4 2025 | 157 | $186.9M | PSBD, GOOGL, ORCL, AMZN, JPM |
| Q3 2025 | 156 | $177.3M | PSBD, GOOGL, JPM, AMZN, MSFT |
| Q2 2025 | 168 | $270.8M | PSBD, AMZN, GOOGL, MSFT, JPM |
| Q1 2025Amended | 167 | $234.0M | PSBD, AMZN, GOOGL, XLI, MSFT |
| Q4 2024 | 75 | $232.2M | PSBD, AMZN, GOOGL, MSFT, JPM |