1248 Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), 1248 Management, LLC reported 156 stock positions worth $177.3 million. Its top holding was Palmer Square Capital BDC (PSBD) at 21.2% of the portfolio, followed by Alphabet Class A (GOOGL, 7.1%) and JPMorgan Chase (JPM, 5.9%). Compared with Q2 2025, it opened 7 new positions, sold out of 19, added to 13 and reduced 61. The biggest buy was a new position in Fundstr Gran SH US LRG Cap (GRNY) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).

Most Recent 13F
Q2 2026
Location
Kansas City, MO
CIK
0002011147
Portfolio Value
$177.3M (Q3 2025)
SEC Filing
0001580642-25-007307 ↗ filed Nov 14, 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 Q2 2025 Q3 2025: $177.3M $177.3M Q3 2025 Q4 2025: $186.9M Q4 2025 Q1 2026: $215.7M Q1 2026 Q2 2026: $255.8M Q2 2026

Holdings 156 stocks · $177.3M
PSBD Palmer Square Capital BDC Inc. 21.15% 2,954,713 $37.5M No change
GOOGL Alphabet Inc. Class A 7.11% 51,829 $12.6M Reduce -45.7%
JPM JPMorgan Chase & Co. 5.92% 33,270 $10.5M Reduce -24.7%
AMZN Amazon.com Inc. 5.77% 46,583 $10.2M Reduce -45.5%
MSFT Microsoft Corp. 5.45% 18,662 $9.7M Reduce -43.2%
SCHW Schwab (charles) Corp. 5.05% 93,729 $8.9M No change
NVDA Nvidia Corp. 4.78% 45,429 $8.5M Reduce -13.5%
ORCL Oracle Corp. 4.60% 28,986 $8.2M Reduce -4.0%
PAYS Paysign Inc. 3.26% 920,000 $5.8M No change
GRNY Fundstr Gran SH US LRG Cap 3.09% 219,427 $5.5M New
AAPL Apple Inc. 2.55% 17,746 $4.5M Reduce -63.4%
META Meta Platforms Inc. Class A 1.06% 2,567 $1.9M Reduce -31.2%
AVGO Broadcom Inc. 0.97% 5,186 $1.7M Reduce -16.9%
DHR Danaher Corp. 0.92% 8,200 $1.6M No change
GLW Corning Inc. 0.81% 17,452 $1.4M Reduce -24.6%
NOW ServiceNow Inc. 0.71% 1,370 $1.3M Reduce -22.6%
CRM Salesforce Inc. 0.68% 5,110 $1.2M No change
LLY Eli Lilly & Co. 0.65% 1,515 $1.2M Reduce -22.5%
ABBV Abbvie Inc. 0.64% 4,902 $1.1M Reduce -19.2%
GEV GE Vernova Inc. 0.63% 1,825 $1.1M Reduce -21.7%
KLAC KLA Corp. 0.62% 1,024 $1.1M Reduce -28.6%
ANET Arista Networks Inc. 0.62% 7,499 $1.1M Reduce -28.2%
UNP Union Pacific Corp. 0.61% 4,600 $1.1M No change
AZO AutoZone Inc. 0.61% 253 $1.1M Reduce -28.9%
GS Goldman Sachs Group Inc. 0.59% 1,315 $1.0M Reduce -27.5%
PANW Palo Alto Networks Inc. 0.58% 5,073 $1.0M Reduce -25.5%
BLK BlackRock Inc. 0.58% 883 $1.0M Reduce -27.7%
TDY Teledyne Technologies Inc. 0.58% 1,744 $1.0M New
V Visa Inc. Class A 0.57% 2,963 $1.0M Reduce -41.7%
TMUS T-Mobile US Inc. 0.56% 4,180 $1.0M Reduce -21.1%
CDNS Cadence Design SYS Inc. 0.56% 2,827 $993K Add +258.3%
UBER Uber Technologies Inc. 0.56% 10,121 $992K Reduce -27.2%
BKR Baker Hughes Co. 0.55% 20,073 $978K Reduce -27.6%
NEE Nextera Energy Inc. 0.52% 12,096 $913K No change
ABT Abbott Laboratories 0.51% 6,689 $896K Reduce -17.3%
BKNG Booking Holdings Inc. 0.50% 163 $880K Reduce -30.3%
TSLA Tesla Inc. 0.47% 1,857 $826K Reduce -90.1%
RMD Resmed Inc. 0.46% 2,972 $814K Reduce -28.1%
UPS United Parcel Service Class B 0.45% 9,634 $805K No change
BSX Boston Scientific Corp. 0.45% 8,224 $803K Add +2276.9%
ALB Albemarle Corp. 0.45% 9,800 $800K Reduce -22.2%
PNC PNC Financial Services Group 0.44% 3,879 $779K Reduce -73.6%
COST Costco Wholesale Corp. 0.41% 790 $731K Reduce -27.0%
TEL Te Connectivity PLC 0.41% 3,312 $727K New
ETN Eaton Corp. PLC 0.40% 1,908 $714K Reduce -27.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.40% 4,920 $711K Reduce -28.8%
C Citigroup Inc. 0.40% 6,976 $708K New
URI United Rentals Inc. 0.40% 741 $707K Reduce -58.7%
XYL Xylem Inc. 0.37% 4,474 $660K Reduce -28.6%
LOW Lowe's Cos Inc. 0.37% 2,614 $657K Reduce -27.9%
PG The Procter & Gamble Co. 0.36% 4,150 $638K Reduce -19.8%
WCN Waste Connections Inc. 0.35% 3,551 $624K Reduce -28.7%
TSM Taiwan Semiconductor-SP ADR 0.35% 2,208 $619K Add +733.2%
PLNT Planet Fitness Inc. Class A 0.35% 5,958 $618K Reduce -28.9%
KR Kroger Co. 0.34% 8,986 $606K Reduce -28.6%
SPGI S&P Global Inc. 0.33% 1,195 $582K Reduce -28.6%
PSX Phillips 66 0.31% 4,046 $550K No change
AWK American Water Works Co. Inc. 0.31% 3,942 $549K Reduce -28.7%
BX Blackstone Inc. 0.31% 3,166 $541K Add +1219.2%
CVX Chevron Corp. 0.30% 3,377 $524K Reduce -78.6%
GLD SPDR Gold Shares 0.29% 1,425 $507K Reduce -55.7%
VRTX Vertex Pharmaceuticals Inc. 0.28% 1,281 $502K Reduce -28.6%
DG Dollar General Corp. 0.28% 4,819 $498K Reduce -28.5%
MDLZ Mondelez International Inc. Class A 0.23% 6,572 $414K Reduce -28.5%
SAP Sap SE-Sponsored ADR 0.23% 1,494 $399K New
RIVN Rivian Automotive Inc. Class A 0.22% 26,175 $384K No change
DKNG Draftkings Inc. Class A 0.21% 9,811 $367K Reduce -28.9%
NDAQ Nasdaq Inc. 0.20% 3,947 $349K No change
CRWD CrowdStrike Holdings Inc. Class A 0.19% 697 $342K No change
P Everpure Inc. Class A filed as PURE STORAGE INC 0.18% 3,822 $320K No change
HD Home Depot Inc. 0.18% 784 $318K No change
WMT Walmart Inc. 0.17% 2,970 $306K Add +0.0%
MA Mastercard Inc. Class A 0.17% 515 $293K No change
AMGN Amgen Inc. 0.15% 958 $270K No change
TQQQ Proshares Ultrapro QQQ 0.13% 2,300 $238K No change
LDOS Leidos Holdings Inc. 0.13% 1,250 $236K No change
TT Trane Technologies PLC 0.13% 553 $233K No change
FAS Dirx DLY Finacial B3X ETF-Ui 0.13% 1,300 $231K No change
AMD Advanced Micro Devices 0.13% 1,400 $227K Reduce -90.8%
LIN Linde PLC 0.12% 453 $215K No change
ACM Aecom 0.12% 1,649 $215K No change
SYK Stryker Corp. 0.11% 543 $201K No change
TIDAL TRUST II 0.11% 9,132 $195K No change
MRK Merck & Co. Inc. 0.09% 1,910 $162K Reduce -81.5%
EXPE Expedia Group Inc. 0.09% 753 $161K Add +56.9%
PGR Progressive Corp. 0.08% 592 $146K No change
TNA Dir Dai SML Ca Bul 3X Et-Usd 0.07% 2,900 $131K No change
CMI Cummins Inc. 0.07% 273 $115K No change
MS Morgan Stanley 0.06% 714 $113K Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 205 $103K No change
MCK McKesson Corp. 0.06% 128 $99K Reduce -14.7%
PLTR Palantir Technologies Inc. Class A 0.05% 438 $80K Add +1.1%
NFLX Netflix Inc. 0.04% 62 $74K No change
DUK Duke Energy Corp. 0.04% 587 $73K No change
KMI Kinder Morgan Inc. 0.04% 2,495 $71K No change
JNJ Johnson & Johnson 0.04% 346 $64K No change
APP AppLovin Corp. Class A 0.04% 87 $63K No change
RCL Royal Caribbean Cruises Ltd. 0.03% 183 $59K No change
FAST Fastenal Co. 0.03% 1,170 $57K No change
TXN Texas Instruments Inc. 0.03% 289 $53K No change
T AT&T Inc. 0.03% 1,758 $50K No change
SYY Sysco Corp. 0.03% 599 $49K No change
GILD Gilead Sciences Inc. 0.03% 444 $49K No change
CME Cme Group Inc. 0.03% 180 $49K Add +26.8%
SSNC Ss&c Technologies Holdings 0.03% 543 $48K No change
XOM Exxon Mobil Corp. 0.03% 423 $48K No change
GE General Electric filed as GE AEROSPACE 0.03% 157 $47K Add +4.7%
GSK GSK PLC-Spon ADR 0.03% 1,053 $46K Add +314.6%
HON Honeywell International Inc. 0.02% 208 $44K Reduce -10.7%
DLTR Dollar Tree Inc. 0.02% 449 $42K No change
KOLD Proshares Ultrashort Bloombe 0.02% 1,200 $42K Reduce -60.0%
NTAP Netapp Inc. 0.02% 340 $40K No change
CB Chubb Ltd. 0.02% 137 $39K No change
VMC Vulcan Materials Co. 0.02% 122 $38K Reduce -97.2%
TECL Dire Dai Tec Bull 3X ETF-Usd 0.02% 300 $37K No change
LAMR Lamar Advertising Co. Class A 0.02% 303 $37K No change
MCD McDonald's Corp. 0.02% 122 $37K No change
ISRG Intuitive Surgical Inc. 0.02% 82 $37K No change
WFC Wells Fargo & Co. 0.02% 436 $37K No change
PEP Pepsico Inc. 0.02% 259 $36K No change
BABA Alibaba Group Holding-SP ADR 0.02% 193 $34K No change
APTV Aptiv PLC 0.02% 399 $34K No change
CI The Cigna Group 0.02% 116 $33K No change
QCOM Qualcomm Inc. 0.02% 199 $33K No change
FISV Fiserv Inc. 0.02% 255 $33K Reduce -10.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 632 $33K No change
SWK Stanley Black & Decker Inc. 0.02% 427 $32K No change
SNPS Synopsys Inc. 0.02% 63 $31K Reduce -97.4%
NEM Newmont Corp. 0.02% 367 $31K No change
ITW Illinois Tool Works 0.02% 110 $29K Reduce -24.7%
UNH Unitedhealth Group Inc. 0.02% 83 $29K New
DHI D.R. Horton Inc. 0.01% 154 $26K No change
ZTS Zoetis Inc. 0.01% 178 $26K Reduce -15.2%
YANG Dir DLY FT Chi Be 3X ETF-Usd 0.01% 1,200 $26K Add +200.0%
KO The Coca-Cola Co. 0.01% 356 $24K Add +0.3%
BA The Boeing Co. 0.01% 110 $24K New
COHR Coherent Corp. 0.01% 219 $24K No change
SOXL Direx Dail Semi Bu 3X Et-Usd 0.01% 600 $21K No change
BHP BHP Group Ltd.-Spon ADR 0.01% 320 $18K No change
BALL Ball Corp. 0.01% 344 $17K No change
MRSH Marsh & McLennan Cos 0.01% 72 $15K Reduce -98.4%
WM Waste Management Inc. 0.01% 64 $14K No change
APD Air Products & Chemicals Inc. 0.01% 36 $10K No change
AZN Astrazeneca PLC-Spons ADR 0.01% 122 $9K No change
MDT Medtronic PLC 0.01% 94 $9K No change
PLD Prologis Inc. 0.01% 78 $9K No change
PAYX Paychex Inc. 0.00% 69 $9K No change
AEP American Electric Power 0.00% 75 $8K No change
PFF iShares Preferred & Income S 0.00% 265 $8K No change
PRU Prudential Financial Inc. 0.00% 76 $8K No change
DE Deere & Co. 0.00% 16 $7K No change
CSCO Cisco Systems Inc. 0.00% 105 $7K No change
DJT Trump Media & Technology Gro 0.00% 419 $7K No change
SBUX Starbucks Corp. 0.00% 75 $6K Reduce -78.9%
CMCSA Comcast Corp. Class A 0.00% 190 $6K Reduce -71.3%
SQQQ Proshares TR 0.00% 100 $2K No change

Portfolio Sells Q2 2025 → Q3 2025
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −3.90
XLI SS Industrial Select Sector Sold out 0.00% −3.89
XLF SS Financial Select Sector Sold out 0.00% −1.95
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −1.93
SPSM SS SPDR P S&P 600 Small Cap Sold out 0.00% −1.77
TSLA Tesla Inc. Reduce -90.1% 0.47% −1.73
AMZN Amazon.com Inc. Reduce -45.5% 5.77% −1.15
AAPL Apple Inc. Reduce -63.4% 2.55% −1.13
SMH Vaneck Semiconductor ETF Sold out 0.00% −1.00
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.93
KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.81
AMD Advanced Micro Devices Reduce -90.8% 0.13% −0.67
MSFT Microsoft Corp. Reduce -43.2% 5.45% −0.59
PNC PNC Financial Services Group Reduce -73.6% 0.44% −0.57
CVX Chevron Corp. Reduce -78.6% 0.30% −0.54
EW Edwards Lifesciences Corp. Sold out 0.00% −0.47
SNPS Synopsys Inc. Reduce -97.4% 0.02% −0.45
MCHP Microchip Technology Inc. Sold out 0.00% −0.44
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.41
VMC Vulcan Materials Co. Reduce -97.2% 0.02% −0.39
MRSH Marsh & McLennan Cos Reduce -98.4% 0.01% −0.35
LULU Lululemon Athletica Inc. Sold out 0.00% −0.22
MRK Merck & Co. Inc. Reduce -81.5% 0.09% −0.21
SNY Sanofi-ADR Sold out 0.00% −0.17
TEAM Atlassian Corp. Class A Sold out 0.00% −0.15
URI United Rentals Inc. Reduce -58.7% 0.40% −0.10
V Visa Inc. Class A Reduce -41.7% 0.57% −0.10
GLD SPDR Gold Shares Reduce -55.7% 0.29% −0.08
ADBE Adobe Inc. Sold out 0.00% −0.01
VRTX Vertex Pharmaceuticals Inc. Reduce -28.6% 0.28% −0.01
DKNG Draftkings Inc. Class A Reduce -28.9% 0.21% −0.01
PNFP Pinnacle Financial Partners Sold out 0.00% −0.01
FLR Fluor Corp. Sold out 0.00% −0.01
WSC Willscot Holdings Corp. Sold out 0.00% −0.01
SBUX Starbucks Corp. Reduce -78.9% 0.00% −0.01
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.01
CMCSA Comcast Corp. Class A Reduce -71.3% 0.00% −0.01
KOLD Proshares Ultrashort Bloombe Reduce -60.0% 0.02% −0.00
DG Dollar General Corp. Reduce -28.5% 0.28% −0.00
BKNG Booking Holdings Inc. Reduce -30.3% 0.50% −0.00
FISV Fiserv Inc. Reduce -10.2% 0.02% +0.00
SPGI S&P Global Inc. Reduce -28.6% 0.33% +0.00
ZTS Zoetis Inc. Reduce -15.2% 0.01% +0.00
ITW Illinois Tool Works Reduce -24.7% 0.02% +0.00
MDLZ Mondelez International Inc. Class A Reduce -28.5% 0.23% +0.00
HON Honeywell International Inc. Reduce -10.7% 0.02% +0.00
KR Kroger Co. Reduce -28.6% 0.34% +0.01
WCN Waste Connections Inc. Reduce -28.7% 0.35% +0.01
PLNT Planet Fitness Inc. Class A Reduce -28.9% 0.35% +0.01
MCK McKesson Corp. Reduce -14.7% 0.06% +0.02

Portfolio Buys Q2 2025 → Q3 2025
GRNY Fundstr Gran SH US LRG Cap New 3.09% +3.09
TDY Teledyne Technologies Inc. New 0.58% +0.58
CDNS Cadence Design SYS Inc. Add +258.3% 0.56% +0.47
BSX Boston Scientific Corp. Add +2276.9% 0.45% +0.44
TEL Te Connectivity PLC New 0.41% +0.41
C Citigroup Inc. New 0.40% +0.40
TSM Taiwan Semiconductor-SP ADR Add +733.2% 0.35% +0.33
BX Blackstone Inc. Add +1219.2% 0.31% +0.29
SAP Sap SE-Sponsored ADR New 0.23% +0.23
WMT Walmart Inc. Add +0.0% 0.17% +0.07
EXPE Expedia Group Inc. Add +56.9% 0.09% +0.06
MS Morgan Stanley Add +0.1% 0.06% +0.03
PLTR Palantir Technologies Inc. Class A Add +1.1% 0.05% +0.02
GSK GSK PLC-Spon ADR Add +314.6% 0.03% +0.02
UNH Unitedhealth Group Inc. New 0.02% +0.02
BA The Boeing Co. New 0.01% +0.01
CME Cme Group Inc. Add +26.8% 0.03% +0.01
GE General Electric Add +4.7% 0.03% +0.01
YANG Dir DLY FT Chi Be 3X ETF-Usd Add +200.0% 0.01% +0.01
KO The Coca-Cola Co. Add +0.3% 0.01% +0.00

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