1248 Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 18, 2025), 1248 Management, LLC reported 168 stock positions worth $270.8 million. Its top holding was Palmer Square Capital BDC (PSBD) at 15.7% of the portfolio, followed by Amazon.com (AMZN, 6.9%) and Alphabet Class A (GOOGL, 6.2%). Compared with Q1 2025, it opened 16 new positions, sold out of 15, added to 21 and reduced 32. The biggest buy was a new position in SS Financial Select Sector (XLF) and the biggest sale Uber Technologies (UBER, shares −86%).

Most Recent 13F
Q2 2026
Location
Kansas City, MO
CIK
0002011147
Portfolio Value
$270.8M (Q2 2025)
SEC Filing
0001580642-25-005196 ↗ filed Aug 18, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q4 2024: $232.2M Q4 2024 Q1 2025: $234.0M Q1 2025 Q2 2025: $270.8M $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 168 stocks · $270.8M
PSBD Palmer Square Capital BDC Inc. 15.69% 2,954,713 $42.5M No change
AMZN Amazon.com Inc. 6.92% 85,407 $18.7M No change
GOOGL Alphabet Inc. Class A 6.21% 95,478 $16.8M Reduce -0.1%
MSFT Microsoft Corp. 6.04% 32,873 $16.4M Reduce -0.7%
JPM JPMorgan Chase & Co. 4.73% 44,179 $12.8M Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 3.90% 17,033 $10.6M No change
XLI SS Industrial Select Sector 3.89% 71,395 $10.5M Reduce -58.5%
AAPL Apple Inc. 3.68% 48,545 $10.0M Add +25.4%
SCHW Schwab (charles) Corp. 3.16% 93,729 $8.6M No change
NVDA Nvidia Corp. 3.07% 52,538 $8.3M Reduce -8.8%
PAYS Paysign Inc. 2.45% 920,000 $6.6M No change
ORCL Oracle Corp. 2.44% 30,198 $6.6M No change
TSLA Tesla Inc. 2.20% 18,754 $6.0M Add +711.5%
XLF SS Financial Select Sector 1.95% 100,604 $5.3M New
QQQ Invesco QQQ Trust Series 1 1.93% 9,485 $5.2M No change
SPSM SS SPDR P S&P 600 Small Cap 1.77% 112,677 $4.8M Reduce -24.8%
META Meta Platforms Inc. Class A 1.02% 3,729 $2.8M Add +2.1%
PNC PNC Financial Services Group 1.01% 14,685 $2.7M Add +13.1%
SMH Vaneck Semiconductor ETF 1.00% 9,715 $2.7M No change
IJR iShares Core S&P Small-Cap E 0.93% 23,128 $2.5M Reduce -1.1%
CVX Chevron Corp. 0.84% 15,795 $2.3M Add +56.5%
KRE SS SPDR S&P Regional Bank 0.81% 37,078 $2.2M New
AMD Advanced Micro Devices 0.80% 15,300 $2.2M No change
NOW ServiceNow Inc. 0.67% 1,771 $1.8M No change
V Visa Inc. Class A 0.67% 5,081 $1.8M Reduce -2.7%
AVGO Broadcom Inc. 0.64% 6,239 $1.7M No change
DHR Danaher Corp. 0.60% 8,200 $1.6M No change
LLY Eli Lilly & Co. 0.56% 1,954 $1.5M Add +1.2%
CRM Salesforce Inc. 0.52% 5,110 $1.4M Add +2201.8%
PANW Palo Alto Networks Inc. 0.51% 6,810 $1.4M No change
BKNG Booking Holdings Inc. 0.50% 234 $1.4M No change
URI United Rentals Inc. 0.50% 1,795 $1.4M No change
AZO AutoZone Inc. 0.49% 356 $1.3M No change
UBER Uber Technologies Inc. 0.48% 13,895 $1.3M Reduce -85.5%
KLAC KLA Corp. 0.47% 1,435 $1.3M No change
GS Goldman Sachs Group Inc. 0.47% 1,813 $1.3M No change
BLK BlackRock Inc. 0.47% 1,221 $1.3M No change
EW Edwards Lifesciences Corp. 0.47% 16,200 $1.3M Reduce -1.8%
TMUS T-Mobile US Inc. 0.47% 5,295 $1.3M No change
SNPS Synopsys Inc. 0.46% 2,444 $1.3M Add +2.2%
GEV GE Vernova Inc. 0.46% 2,331 $1.2M Add +2163.1%
GLW Corning Inc. 0.45% 23,135 $1.2M No change
MCHP Microchip Technology Inc. 0.44% 17,100 $1.2M Reduce -2.6%
ABBV Abbvie Inc. 0.42% 6,067 $1.1M No change
VMC Vulcan Materials Co. 0.41% 4,274 $1.1M No change
TTWO Take-Two Interactive Softwre 0.41% 4,579 $1.1M No change
ABT Abbott Laboratories 0.41% 8,092 $1.1M No change
COST Costco Wholesale Corp. 0.40% 1,082 $1.1M No change
ANET Arista Networks Inc. 0.39% 10,438 $1.1M No change
RMD Resmed Inc. 0.39% 4,131 $1.1M No change
BKR Baker Hughes Co. 0.39% 27,746 $1.1M Reduce -2.1%
UNP Union Pacific Corp. 0.39% 4,600 $1.1M Reduce -13.7%
GLD SPDR Gold Shares 0.36% 3,219 $981K No change
UPS United Parcel Service Class B 0.36% 9,634 $972K Add +17.2%
MRSH Marsh & McLennan Cos 0.36% 4,444 $972K No change
ETN Eaton Corp. PLC 0.35% 2,640 $942K Reduce -2.0%
WCN Waste Connections Inc. 0.34% 4,981 $930K Add +0.6%
PLNT Planet Fitness Inc. Class A 0.34% 8,376 $913K No change
KR Kroger Co. 0.33% 12,591 $903K Add +35.0%
SPGI S&P Global Inc. 0.33% 1,674 $883K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.32% 6,907 $853K Reduce -3.9%
NEE Nextera Energy Inc. 0.31% 12,096 $840K No change
PG The Procter & Gamble Co. 0.30% 5,177 $825K No change
MRK Merck & Co. Inc. 0.30% 10,309 $824K Reduce -27.2%
XYL Xylem Inc. 0.30% 6,268 $811K Reduce -2.6%
LOW Lowe's Cos Inc. 0.30% 3,627 $805K No change
VRTX Vertex Pharmaceuticals Inc. 0.30% 1,795 $799K No change
ALB Albemarle Corp. 0.29% 12,600 $794K Add +6.8%
DG Dollar General Corp. 0.28% 6,744 $771K New
AWK American Water Works Co. Inc. 0.28% 5,527 $769K Reduce -1.7%
MDLZ Mondelez International Inc. Class A 0.23% 9,191 $624K Add +7433.6%
DKNG Draftkings Inc. Class A 0.22% 13,794 $592K No change
LULU Lululemon Athletica Inc. 0.22% 2,485 $590K Reduce -23.0%
PSX Phillips 66 0.18% 4,046 $483K No change
SNY Sanofi-ADR 0.17% 9,344 $451K No change
TEAM Atlassian Corp. Class A 0.15% 1,948 $396K No change
TIDAL TRUST II 0.14% 9,132 $369K Add +1.5%
RIVN Rivian Automotive Inc. Class A 0.13% 26,175 $360K No change
CRWD CrowdStrike Holdings Inc. Class A 0.13% 697 $355K No change
NDAQ Nasdaq Inc. 0.13% 3,947 $353K No change
WMT Walmart Inc. 0.11% 2,969 $290K No change
MA Mastercard Inc. Class A 0.11% 515 $289K No change
HD Home Depot Inc. 0.11% 784 $287K Reduce -6.7%
AMGN Amgen Inc. 0.10% 958 $267K Reduce -6.2%
CDNS Cadence Design SYS Inc. 0.09% 789 $243K Add +60.4%
TT Trane Technologies PLC 0.09% 553 $242K No change
P Everpure Inc. Class A filed as PURE STORAGE INC 0.08% 3,822 $220K Add +102.0%
FAS Dirx DLY Finacial B3X ETF-Ui 0.08% 1,300 $220K New
SYK Stryker Corp. 0.08% 543 $215K No change
LIN Linde PLC 0.08% 453 $213K No change
LDOS Leidos Holdings Inc. 0.07% 1,250 $197K No change
TQQQ Proshares Ultrapro QQQ 0.07% 2,300 $191K New
ACM Aecom 0.07% 1,649 $186K No change
PGR Progressive Corp. 0.06% 592 $158K No change
MCK McKesson Corp. 0.04% 150 $110K No change
MS Morgan Stanley 0.04% 713 $100K Reduce -29.3%
BRK.B Berkshire Hathaway Inc. Class B 0.04% 205 $100K No change
TNA Dir Dai SML Ca Bul 3X Et-Usd 0.04% 2,900 $98K New
CMI Cummins Inc. 0.03% 273 $89K Reduce -16.3%
NFLX Netflix Inc. 0.03% 62 $83K No change
EXPE Expedia Group Inc. 0.03% 480 $81K No change
KOLD Proshares Ultrashort Bloombe 0.03% 3,000 $77K Add +25.0%
KMI Kinder Morgan Inc. 0.03% 2,495 $73K No change
DUK Duke Energy Corp. 0.03% 587 $69K No change
TSM Taiwan Semiconductor-SP ADR 0.02% 265 $60K Add +56.8%
TXN Texas Instruments Inc. 0.02% 289 $60K Reduce -35.4%
PLTR Palantir Technologies Inc. Class A 0.02% 433 $59K No change
RCL Royal Caribbean Cruises Ltd. 0.02% 183 $57K No change
HON Honeywell International Inc. 0.02% 233 $54K No change
JNJ Johnson & Johnson 0.02% 346 $53K No change
T AT&T Inc. 0.02% 1,758 $51K No change
GILD Gilead Sciences Inc. 0.02% 444 $49K No change
FAST Fastenal Co. 0.02% 1,170 $49K No change
FISV Fiserv Inc. 0.02% 284 $49K No change
XOM Exxon Mobil Corp. 0.02% 423 $46K No change
SYY Sysco Corp. 0.02% 599 $45K No change
SSNC Ss&c Technologies Holdings 0.02% 543 $45K No change
ISRG Intuitive Surgical Inc. 0.02% 82 $45K No change
DLTR Dollar Tree Inc. 0.02% 449 $44K New
CB Chubb Ltd. 0.01% 137 $40K No change
CME Cme Group Inc. 0.01% 142 $39K New
GE General Electric filed as GE AEROSPACE 0.01% 150 $39K New
CI The Cigna Group 0.01% 116 $38K No change
BSX Boston Scientific Corp. 0.01% 346 $37K No change
LAMR Lamar Advertising Co. Class A 0.01% 303 $37K No change
ITW Illinois Tool Works 0.01% 146 $36K No change
NTAP Netapp Inc. 0.01% 340 $36K No change
BX Blackstone Inc. 0.01% 240 $36K No change
MCD McDonald's Corp. 0.01% 122 $36K No change
WFC Wells Fargo & Co. 0.01% 436 $35K No change
PEP Pepsico Inc. 0.01% 259 $34K Reduce -94.4%
ADBE Adobe Inc. 0.01% 86 $33K No change
ZTS Zoetis Inc. 0.01% 210 $33K No change
SBUX Starbucks Corp. 0.01% 356 $33K Reduce -36.2%
QCOM Qualcomm Inc. 0.01% 199 $32K Reduce -46.6%
APP AppLovin Corp. Class A 0.01% 87 $30K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 632 $30K Reduce -53.6%
PNFP Pinnacle Financial Partners 0.01% 270 $30K No change
SWK Stanley Black & Decker Inc. 0.01% 427 $29K No change
TECL Dire Dai Tec Bull 3X ETF-Usd 0.01% 300 $28K New
APTV Aptiv PLC 0.01% 399 $27K Reduce -30.9%
FLR Fluor Corp. 0.01% 522 $27K No change
WSC Willscot Holdings Corp. 0.01% 955 $26K No change
KO The Coca-Cola Co. 0.01% 355 $25K No change
CMCSA Comcast Corp. Class A 0.01% 662 $24K No change
BABA Alibaba Group Holding-SP ADR 0.01% 193 $22K No change
NEM Newmont Corp. 0.01% 367 $21K Reduce -22.1%
DHI D.R. Horton Inc. 0.01% 154 $20K No change
COHR Coherent Corp. 0.01% 219 $20K No change
BALL Ball Corp. 0.01% 344 $19K No change
LYB Lyondellbasell Indu Class A 0.01% 293 $17K No change
BHP BHP Group Ltd.-Spon ADR 0.01% 320 $15K No change
SOXL Direx Dail Semi Bu 3X Et-Usd 0.01% 600 $15K New
WM Waste Management Inc. 0.01% 64 $15K No change
YANG Dir DLY FT Chi Be 3X ETF-Usd 0.00% 400 $12K New
APD Air Products & Chemicals Inc. 0.00% 36 $10K Reduce -72.7%
PAYX Paychex Inc. 0.00% 69 $10K No change
GSK GSK PLC-Spon ADR 0.00% 254 $10K New
AZN Astrazeneca PLC-Spons ADR 0.00% 122 $9K Add +74.3%
MDT Medtronic PLC 0.00% 94 $8K Reduce -66.8%
PLD Prologis Inc. 0.00% 78 $8K No change
PRU Prudential Financial Inc. 0.00% 76 $8K Reduce -86.2%
DE Deere & Co. 0.00% 16 $8K No change
PFF iShares Preferred & Income S 0.00% 265 $8K New
AEP American Electric Power 0.00% 75 $8K No change
DJT Trump Media & Technology Gro 0.00% 419 $8K New
CSCO Cisco Systems Inc. 0.00% 105 $7K No change
SQQQ Proshares TR 0.00% 100 $2K New

Portfolio Sells Q1 2025 → Q2 2025
UBER Uber Technologies Inc. Reduce -85.5% 0.48% −2.51
XLI SS Industrial Select Sector Reduce -58.5% 3.89% −2.25
SPSM SS SPDR P S&P 600 Small Cap Reduce -24.8% 1.77% −1.09
PEP Pepsico Inc. Reduce -94.4% 0.01% −0.28
MRK Merck & Co. Inc. Reduce -27.2% 0.30% −0.24
LULU Lululemon Athletica Inc. Reduce -23.0% 0.22% −0.17
UNP Union Pacific Corp. Reduce -13.7% 0.39% −0.15
BKR Baker Hughes Co. Reduce -2.1% 0.39% −0.14
FCX Freeport-McMoran Inc. Sold out 0.00% −0.13
V Visa Inc. Class A Reduce -2.7% 0.67% −0.12
GOOGL Alphabet Inc. Class A Reduce -0.1% 6.21% −0.11
IJR iShares Core S&P Small-Cap E Reduce -1.1% 0.93% −0.10
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.07
AWK American Water Works Co. Inc. Reduce -1.7% 0.28% −0.07
TJX TJX Companies Inc. Reduce -3.9% 0.32% −0.06
EW Edwards Lifesciences Corp. Reduce -1.8% 0.47% −0.04
GIS General Mills Inc. Sold out 0.00% −0.04
AMGN Amgen Inc. Reduce -6.2% 0.10% −0.04
UNH Unitedhealth Group Inc. Sold out 0.00% −0.03
XYL Xylem Inc. Reduce -2.6% 0.30% −0.03
HD Home Depot Inc. Reduce -6.7% 0.11% −0.03
PRU Prudential Financial Inc. Reduce -86.2% 0.00% −0.02
TGT Target Corp. Sold out 0.00% −0.02
BAC Bank of America Corp. Reduce -53.6% 0.01% −0.01
MS Morgan Stanley Reduce -29.3% 0.04% −0.01
APD Air Products & Chemicals Inc. Reduce -72.7% 0.00% −0.01
QCOM Qualcomm Inc. Reduce -46.6% 0.01% −0.01
TXN Texas Instruments Inc. Reduce -35.4% 0.02% −0.01
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.01
SBUX Starbucks Corp. Reduce -36.2% 0.01% −0.01
CMI Cummins Inc. Reduce -16.3% 0.03% −0.01
XYZ Block Inc. Sold out 0.00% −0.01
MDT Medtronic PLC Reduce -66.8% 0.00% −0.01
EG Everest Group Ltd. Sold out 0.00% −0.01
TD Toronto-Dominion Bank Sold out 0.00% −0.01
EBAY eBay Inc. Sold out 0.00% −0.01
CVS CVS Health Corp. Sold out 0.00% −0.01
STM Stmicroelectronics NV-NY SHS Sold out 0.00% −0.01
CNI Canadian Natl Railway Co. Sold out 0.00% −0.01
APTV Aptiv PLC Reduce -30.9% 0.01% −0.00
VZ Verizon Communications Inc. Sold out 0.00% −0.00
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.00
NEM Newmont Corp. Reduce -22.1% 0.01% −0.00
ETN Eaton Corp. PLC Reduce -2.0% 0.35% +0.03
MCHP Microchip Technology Inc. Reduce -2.6% 0.44% +0.08
NVDA Nvidia Corp. Reduce -8.8% 3.07% +0.40
MSFT Microsoft Corp. Reduce -0.7% 6.04% +0.73

Portfolio Buys Q1 2025 → Q2 2025
XLF SS Financial Select Sector New 1.95% +1.95
TSLA Tesla Inc. Add +711.5% 2.20% +1.94
KRE SS SPDR S&P Regional Bank New 0.81% +0.81
CRM Salesforce Inc. Add +2201.8% 0.52% +0.49
GEV GE Vernova Inc. Add +2163.1% 0.46% +0.44
DG Dollar General Corp. New 0.28% +0.28
MDLZ Mondelez International Inc. Class A Add +7433.6% 0.23% +0.23
META Meta Platforms Inc. Class A Add +2.1% 1.02% +0.12
CVX Chevron Corp. Add +56.5% 0.84% +0.11
JPM JPMorgan Chase & Co. Add +0.1% 4.73% +0.10
FAS Dirx DLY Finacial B3X ETF-Ui New 0.08% +0.08
TQQQ Proshares Ultrapro QQQ New 0.07% +0.07
KR Kroger Co. Add +35.0% 0.33% +0.06
P Everpure Inc. Class A Add +102.0% 0.08% +0.05
TIDAL TRUST II Add +1.5% 0.14% +0.04
CDNS Cadence Design SYS Inc. Add +60.4% 0.09% +0.04
TNA Dir Dai SML Ca Bul 3X Et-Usd New 0.04% +0.04
PNC PNC Financial Services Group Add +13.1% 1.01% +0.04
SNPS Synopsys Inc. Add +2.2% 0.46% +0.02
DLTR Dollar Tree Inc. New 0.02% +0.02
CME Cme Group Inc. New 0.01% +0.01
GE General Electric New 0.01% +0.01
TECL Dire Dai Tec Bull 3X ETF-Usd New 0.01% +0.01
TSM Taiwan Semiconductor-SP ADR Add +56.8% 0.02% +0.01
KOLD Proshares Ultrashort Bloombe Add +25.0% 0.03% +0.01
SOXL Direx Dail Semi Bu 3X Et-Usd New 0.01% +0.01
YANG Dir DLY FT Chi Be 3X ETF-Usd New 0.00% +0.00
GSK GSK PLC-Spon ADR New 0.00% +0.00
AAPL Apple Inc. Add +25.4% 3.68% +0.00
PFF iShares Preferred & Income S New 0.00% +0.00
DJT Trump Media & Technology Gro New 0.00% +0.00
AZN Astrazeneca PLC-Spons ADR Add +74.3% 0.00% +0.00
SQQQ Proshares TR New 0.00% +0.00
UPS United Parcel Service Class B Add +17.2% 0.36% −0.03
WCN Waste Connections Inc. Add +0.6% 0.34% −0.07
ALB Albemarle Corp. Add +6.8% 0.29% −0.07
LLY Eli Lilly & Co. Add +1.2% 0.56% −0.12

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