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

0$100.0M$200.0M$300.0M Q4 2024: $232.2M Q4 2024 Q1 2025: $234.0M $234.0M Q1 2025 Q2 2025: $270.8M Q2 2025 Q3 2025: $177.3M Q3 2025 Q4 2025: $186.9M Q4 2025 Q1 2026: $215.7M Q1 2026 Q2 2026: $255.8M Q2 2026

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
PRU Prudential Financial Inc. 0.03% 549 $61K New
CRM Salesforce Inc. 0.03% 222 $60K New
NFLX Netflix Inc. 0.02% 62 $58K New
JNJ Johnson & Johnson 0.02% 346 $57K New
QCOM Qualcomm Inc. 0.02% 373 $57K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 1,361 $57K New
SBUX Starbucks Corp. 0.02% 558 $55K New
XOM Exxon Mobil Corp. 0.02% 423 $50K New
GILD Gilead Sciences Inc. 0.02% 444 $50K New
T AT&T Inc. 0.02% 1,758 $50K New
HON Honeywell International Inc. 0.02% 233 $49K New
TGT Target Corp. 0.02% 441 $46K New
FAST Fastenal Co. 0.02% 585 $45K New
SSNC Ss&c Technologies Holdings 0.02% 543 $45K New
SYY Sysco Corp. 0.02% 599 $45K New
KOLD Proshares Ultrashort Bloombe 0.02% 2,400 $43K New
CB Chubb Ltd. 0.02% 137 $41K New
RCL Royal Caribbean Cruises Ltd. 0.02% 183 $41K Reduce -96.8%
ISRG Intuitive Surgical Inc. 0.02% 82 $41K New
APD Air Products & Chemicals Inc. 0.02% 132 $39K New
CI The Cigna Group 0.02% 116 $38K New
MCD McDonald's Corp. 0.02% 122 $38K New
PLTR Palantir Technologies Inc. Class A 0.02% 433 $37K New
ITW Illinois Tool Works 0.02% 146 $36K New
BSX Boston Scientific Corp. 0.01% 346 $35K New
ZTS Zoetis Inc. 0.01% 210 $35K New
LAMR Lamar Advertising Co. Class A 0.01% 303 $34K New
APTV Aptiv PLC 0.01% 577 $34K New
BX Blackstone Inc. 0.01% 240 $34K New
ADBE Adobe Inc. 0.01% 86 $33K New
SWK Stanley Black & Decker Inc. 0.01% 427 $33K New
GEV GE Vernova Inc. 0.01% 103 $31K New
WFC Wells Fargo & Co. 0.01% 436 $31K New
NTAP Netapp Inc. 0.01% 340 $30K New
PNFP Pinnacle Financial Partners 0.01% 270 $29K New
TSM Taiwan Semiconductor-SP ADR 0.01% 169 $28K New
CMG Chipotle Mexican Grill Inc. 0.01% 533 $27K New
WSC Willscot Holdings Corp. 0.01% 955 $27K Reduce -95.0%
MDT Medtronic PLC 0.01% 283 $26K New
KO The Coca-Cola Co. 0.01% 355 $26K New
BABA Alibaba Group Holding-SP ADR 0.01% 193 $26K New
CMCSA Comcast Corp. Class A 0.01% 662 $24K New
APP AppLovin Corp. Class A 0.01% 87 $23K New
NEM Newmont Corp. 0.01% 471 $23K New
LYB Lyondellbasell Indu Class A 0.01% 293 $21K New
DHI D.R. Horton Inc. 0.01% 154 $20K New
XYZ Block Inc. 0.01% 346 $19K New
FLR Fluor Corp. 0.01% 522 $19K New
BALL Ball Corp. 0.01% 344 $18K Reduce -96.6%
EG Everest Group Ltd. 0.01% 48 $17K New
TD Toronto-Dominion Bank 0.01% 271 $16K New
BHP BHP Group Ltd.-Spon ADR 0.01% 320 $16K New
EBAY eBay Inc. 0.01% 228 $15K New
WM Waste Management Inc. 0.01% 64 $15K New
CVS CVS Health Corp. 0.01% 217 $15K New
COHR Coherent Corp. 0.01% 219 $14K New
STM Stmicroelectronics NV-NY SHS 0.01% 564 $12K New
CNI Canadian Natl Railway Co. 0.01% 126 $12K New
PAYX Paychex Inc. 0.00% 69 $11K New
VZ Verizon Communications Inc. 0.00% 225 $10K New
BMY Bristol-Myers Squibb Co. 0.00% 151 $9K New
PLD Prologis Inc. 0.00% 78 $9K New
MDLZ Mondelez International Inc. Class A 0.00% 122 $8K New
AEP American Electric Power 0.00% 75 $8K New
DE Deere & Co. 0.00% 16 $8K New
CSCO Cisco Systems Inc. 0.00% 105 $6K New
AZN Astrazeneca PLC-Spons ADR 0.00% 70 $5K 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 149$255.8MPSBD, GOOGL, APO, MSFT, SCHW
Q1 2026 146$215.7MPSBD, IGV, GOOGL, MSFT, SCHW
Q4 2025 157$186.9MPSBD, GOOGL, ORCL, AMZN, JPM
Q3 2025 156$177.3MPSBD, GOOGL, JPM, AMZN, MSFT
Q2 2025 168$270.8MPSBD, AMZN, GOOGL, MSFT, JPM
Q1 2025Amended 167$234.0MPSBD, AMZN, GOOGL, XLI, MSFT
Q4 2024 75$232.2MPSBD, AMZN, GOOGL, MSFT, JPM