Avalon Trust Co

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Avalon Trust Co reported 426 stock positions worth $1.5 billion. Its top holding was Nvidia (NVDA) at 8.9% of the portfolio, followed by Alphabet Class C (GOOG, 7.7%) and Broadcom (AVGO, 7.4%). Compared with Q3 2025, it opened 17 new positions, sold out of 201, added to 51 and reduced 201. The biggest buy was a new position in Entergy (ETR) and the biggest sale Chart Industries (GTLS, shares −100%).

Most Recent 13F
Q2 2026
Location
SANTA FE, NM
CIK
0001798150
Portfolio Value
$1.5B (Q4 2025)
SEC Filing
0001798150-26-000001 ↗ filed Feb 9, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.5B Q3 2025 Q4 2025: $1.5B $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 426 stocks · $1.5B

NVDA Nvidia Corp. 8.86% 734,592 $137.0M Add +1.8%
GOOG Alphabet Inc. Class C 7.70% 379,613 $119.1M Reduce -1.2%
AVGO Broadcom Inc. 7.43% 332,023 $114.9M Reduce -1.0%
AAPL Apple Inc. 7.23% 411,025 $111.7M Reduce -0.6%
MSFT Microsoft Corp. 7.22% 230,779 $111.6M Add +0.3%
AMZN Amazon.com Inc. 5.47% 366,405 $84.6M Add +0.5%
JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F 4.40% 1,331,424 $68.0M Add +2.7%
V Visa Inc. Class A 3.93% 173,135 $60.7M Add +2.3%
PWR Quanta Services Inc. 2.56% 93,664 $39.5M Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B 2.28% 70,028 $35.2M Reduce -3.7%
FSLR First Solar Inc. 2.21% 130,920 $34.2M Reduce -0.9%
BE Bloom Energy Corp. Class A 1.99% 354,869 $30.8M Reduce -1.1%
LOW Lowe's Cos Inc. 1.98% 126,719 $30.6M Add +3.6%
PPH Vaneck Pharmaceutical ETF 1.79% 267,854 $27.6M Reduce -2.7%
PGR Progressive Corp. 1.76% 119,225 $27.1M Add +1.2%
PNC PNC Financial Services Group 1.68% 124,210 $25.9M Reduce -0.0%
RMD Resmed Inc. 1.44% 92,464 $22.3M Add +0.9%
CMS CMS Energy Corp. 1.32% 292,171 $20.4M Add +0.3%
AZO AutoZone Inc. 1.32% 6,012 $20.4M Add +0.8%
TMO Thermo Fisher Scientific Inc. 1.31% 35,056 $20.3M Reduce -0.4%
AON Aon PLC Class A 1.30% 56,886 $20.1M Add +43.7%
AWK American Water Works Co. Inc. 1.29% 152,739 $19.9M Add +3.0%
LIN Linde PLC 1.24% 45,018 $19.2M Add +13.3%
DHR Danaher Corp. 1.16% 78,545 $18.0M Reduce -0.3%
NOW ServiceNow Inc. 1.09% 109,935 $16.8M Reduce -1.8%
GOOGL Alphabet Inc. Class A 1.08% 53,532 $16.8M Reduce -1.3%
EQIX Equinix Inc. 1.05% 21,255 $16.3M Add +1.0%
VMI Valmont Industries 1.03% 39,587 $15.9M Reduce -0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.01% 101,345 $15.6M Reduce -0.8%
VLTO Veralto Corp. 0.91% 140,264 $14.0M Add +2.6%
PANW Palo Alto Networks Inc. 0.85% 70,978 $13.1M Add +4.4%
ANET Arista Networks Inc. 0.78% 92,355 $12.1M Add +0.9%
MDLZ Mondelez International Inc. Class A 0.76% 219,262 $11.8M Add +3.0%
USFD US Foods Holding Corp. 0.70% 142,931 $10.8M Add +0.9%
ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP 0.69% 427,549 $10.6M Add +157.5%
ADI Analog Devices Inc. 0.68% 38,896 $10.5M Reduce -0.9%
TYL Tyler Technologies Inc. 0.68% 23,139 $10.5M Add +18.0%
BIPC Brookfield Infrastructure-A 0.56% 192,004 $8.7M Reduce -0.6%
NVT Nvent Electric PLC 0.56% 84,765 $8.6M Reduce -0.1%
JNJ Johnson & Johnson 0.54% 40,597 $8.4M Reduce -0.7%
BIP Brookfield Infrastructure Pa 0.42% 186,980 $6.5M No change
ETR Entergy Corp. 0.40% 66,557 $6.2M New
HASI Ha Sustainable Infrastructur 0.37% 183,140 $5.8M Add +1.0%
ADBE Adobe Inc. 0.30% 13,403 $4.7M Reduce -29.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.30% 6,696 $4.6M Reduce -7.8%
GLD SPDR Gold Shares 0.29% 11,234 $4.5M Add +1.3%
NOC Northrop Grumman Corp. 0.27% 7,409 $4.2M Reduce -5.2%
VTI VG Morningstar TS MKT ETF-US 0.22% 9,972 $3.3M Reduce -11.9%
MA Mastercard Inc. Class A 0.22% 5,838 $3.3M Reduce -0.3%
IBB iShares Biotechnology ETF 0.18% 16,225 $2.7M Reduce -86.4%
XLV SS Health Care Select Sector 0.17% 17,073 $2.6M No change
TRV The Travelers Cos Inc. 0.16% 8,749 $2.5M Add +2.6%
VXUS Vanguard Total Intl Stock 0.16% 33,000 $2.5M Reduce -19.5%
TT Trane Technologies PLC 0.15% 6,020 $2.3M Reduce -5.8%
COST Costco Wholesale Corp. 0.15% 2,706 $2.3M Add +1.2%
AMAT Applied Materials Inc. 0.12% 7,429 $1.9M Reduce -0.2%
ULTA Ulta Beauty Inc. 0.11% 2,781 $1.7M Add +0.7%
AMAL Amalgamated Financial Corp. 0.10% 49,435 $1.6M No change
KKR KKR & Co. Inc. 0.10% 12,301 $1.6M Add +3.3%
JPM JPMorgan Chase & Co. 0.10% 4,571 $1.5M No change
MS Morgan Stanley 0.09% 8,071 $1.4M Reduce -0.2%
IVV iShares Core S&P 500 ETF 0.09% 1,961 $1.3M Reduce -3.8%
ORCL Oracle Corp. 0.09% 6,806 $1.3M No change
MRK Merck & Co. Inc. 0.09% 12,550 $1.3M Reduce -31.4%
GS Goldman Sachs Group Inc. 0.08% 1,459 $1.3M Reduce -0.5%
TSLA Tesla Inc. 0.08% 2,759 $1.2M Reduce -3.7%
XLK SS Technology Select Sector 0.07% 7,176 $1.0M No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.07% 2,450 $1.0M No change
CNI Canadian Natl Railway Co. 0.07% 10,200 $1.0M No change
AVB Avalonbay Communities Inc. 0.06% 5,320 $965K Reduce -11.5%
BN Brookfield Corp. 0.06% 21,000 $964K Reduce -12.5%
LLY Eli Lilly & Co. 0.06% 891 $958K Reduce -7.8%
TD Toronto-Dominion Bank 0.06% 10,000 $942K No change
MKL Markel Group Inc. 0.06% 425 $914K No change
PG The Procter & Gamble Co. 0.05% 5,857 $839K Reduce -21.6%
ABBV Abbvie Inc. 0.05% 3,278 $749K Reduce -5.2%
ABT Abbott Laboratories 0.05% 5,739 $719K Reduce -23.2%
CRM Salesforce Inc. 0.04% 2,595 $687K Reduce -3.5%
MDY State Street SPDR S&P Midcap 0.04% 1,000 $603K No change
VRSK Verisk Analytics Inc. 0.04% 2,591 $580K Reduce -0.1%
NEE Nextera Energy Inc. 0.04% 7,187 $577K Reduce -18.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 10,148 $558K Reduce -1.5%
DHI D.R. Horton Inc. 0.03% 3,750 $540K Reduce -44.4%
SOXX iShares Semiconductor ETF 0.03% 1,750 $527K No change
WMT Walmart Inc. 0.03% 4,625 $515K Reduce -1.2%
MMM 3M Co. 0.03% 3,200 $512K Reduce -0.3%
HD Home Depot Inc. 0.03% 1,464 $504K Reduce -0.6%
AMT American Tower Corp. 0.03% 2,865 $503K Reduce -1.7%
ADP Automatic Data Processing 0.03% 1,941 $499K Reduce -0.6%
WAT Waters Corp. 0.03% 1,300 $494K Reduce -10.0%
AKR Acadia Realty Trust 0.03% 24,000 $493K No change
XAR SS SPDR S&P Aerospace Def 0.03% 2,035 $491K Reduce -9.6%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.03% 6,000 $464K No change
ISRG Intuitive Surgical Inc. 0.03% 809 $458K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 3,234 $457K No change
OC Owens Corning 0.03% 4,000 $448K No change
SPGI S&P Global Inc. 0.03% 846 $442K Reduce -3.6%
UNP Union Pacific Corp. 0.03% 1,870 $433K Reduce -0.5%
TFC Truist Financial Corp. 0.03% 8,775 $432K Reduce -0.4%
PLD Prologis Inc. 0.03% 3,373 $431K Add +1.1%
MRSH Marsh & McLennan Cos 0.03% 2,318 $430K Reduce -21.1%
HLIO Helios Technologies Inc. 0.03% 7,901 $423K Reduce -3.0%
BX Blackstone Inc. 0.03% 2,698 $416K Reduce -18.4%
IYW iShares Ustechnology ETF 0.03% 2,060 $411K Reduce -17.1%
CSCO Cisco Systems Inc. 0.03% 5,275 $406K Reduce -35.5%
QQQ Invesco QQQ Trust Series 1 0.03% 642 $394K Reduce -19.3%
AXON Axon Enterprise Inc. 0.03% 685 $389K Add +37.0%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 800 $375K Add +58.7%
VDC Vanguard Consumer Staple ETF 0.02% 1,775 $375K No change
TSM Taiwan Semiconductor-SP ADR 0.02% 1,231 $374K No change
HII Huntington Ingalls Industrie 0.02% 1,096 $373K No change
IJH iShares Core S&P Midcap ETF 0.02% 5,562 $367K Add +2.7%
URI United Rentals Inc. 0.02% 449 $363K Reduce -12.1%
PEP Pepsico Inc. 0.02% 2,387 $343K Reduce -25.2%
VNQ Vanguard Real Estate ETF 0.02% 3,850 $341K No change
LEN Lennar Corp. Class A 0.02% 3,300 $339K Reduce -50.3%
ITA iShares U.S. Aerospace & Def 0.02% 1,500 $322K Reduce -31.6%
IAU iShares Gold Trust 0.02% 3,750 $304K No change
ZS Zscaler Inc. 0.02% 1,340 $301K Add +11.7%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.02% 3,000 $293K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 974 $289K No change
KRNT Kornit Digital Ltd. 0.02% 19,819 $285K Reduce -25.2%
VB Vanguard Most SM-Cap ETF-Usd 0.02% 1,100 $284K No change
GIS General Mills Inc. 0.02% 6,073 $282K Reduce -23.3%
EPD Enterprise Products Partners 0.02% 8,800 $282K Reduce -10.2%
WFC Wells Fargo & Co. 0.02% 3,000 $280K Reduce -1.5%
EFA iShares MSCI Eafe ETF 0.02% 2,834 $272K Add +142.4%
VPU Vanguard Utilities ETF 0.02% 1,457 $270K No change
META Meta Platforms Inc. Class A 0.02% 406 $268K Reduce -19.4%
HUBS HubSpot Inc. 0.02% 640 $257K Add +6.7%
ECL Ecolab Inc. 0.02% 974 $256K Reduce -0.3%
OWL Blue Owl Capital Inc. 0.02% 17,100 $255K Reduce -97.5%
COO The Cooper Cos Inc. 0.02% 3,110 $255K Reduce -37.3%
NUE Nucor Corp. 0.02% 1,500 $245K Reduce -0.5%
USMV iShares MSCI USA Min Vol Fac 0.02% 2,550 $240K Reduce -59.8%
VLO Valero Energy Corp. 0.02% 1,451 $236K Reduce -0.3%
AMD Advanced Micro Devices 0.01% 1,083 $232K No change
CIBR First Trust Nasdaq Cybersecu 0.01% 3,191 $228K Add +45.6%
SMH Vaneck Semiconductor ETF 0.01% 630 $227K Reduce -24.1%
GBTC Grayscale Bitcoin Trust ETF 0.01% 3,310 $226K No change
COR Cencora Inc. 0.01% 640 $216K Reduce -0.3%
MCD McDonald's Corp. 0.01% 707 $216K Reduce -13.7%
CAT Caterpillar Inc. 0.01% 375 $215K Reduce -1.1%
REG Regency Centers Corp. 0.01% 3,071 $212K Add +2.4%
ICE Intercontinental Exchange Inc. 0.01% 1,275 $206K Reduce -1.0%
SLV iShares Silver Trust 0.01% 3,179 $205K Add +9.3%
MTD Mettler-Toledo International 0.01% 144 $201K No change
CVS CVS Health Corp. 0.01% 2,490 $198K Reduce -10.0%
IWM iShares Russell 2000 ETF 0.01% 800 $197K No change
NSC Norfolk Southern Corp. 0.01% 656 $189K No change
NVS Novartis AG-Sponsored ADR 0.01% 1,367 $188K Reduce -14.0%
ASML ASML Holding NV-NY Reg SHS 0.01% 176 $188K Add +37.5%
XOM Exxon Mobil Corp. 0.01% 1,512 $182K Reduce -25.4%
TRMB Trimble Inc. 0.01% 2,317 $182K No change
TIP iShares Tips Bond ETF 0.01% 1,622 $178K Reduce -36.3%
GE General Electric filed as GE AEROSPACE 0.01% 574 $177K Reduce -14.7%
ORLY O'reilly Automotive Inc. 0.01% 1,920 $175K Reduce -0.6%
EMR Emerson Electric Co. 0.01% 1,300 $173K Reduce -0.4%
ICSH iShares Ultra Short Duration 0.01% 3,397 $172K Reduce -17.1%
NFLX Netflix Inc. 0.01% 1,800 $169K Reduce -3.7%
IEFA iShares Core MSCI Eafe ETF 0.01% 1,874 $168K Reduce -28.3%
NI Nisource Inc. 0.01% 4,000 $167K No change
AEP American Electric Power 0.01% 1,432 $165K Reduce -17.3%
MINT PIMCO Enhanced Short Maturit 0.01% 1,641 $165K No change
SHOP Shopify Inc. Class A 0.01% 1,000 $161K New
ZTS Zoetis Inc. 0.01% 1,219 $153K Reduce -20.1%
LKQ LKQ Corp. 0.01% 5,000 $151K Reduce -23.1%
WDAY Workday Inc. Class A 0.01% 700 $150K Reduce -33.4%
IREN Iren Ltd. filed as IREN LIMITED 0.01% 3,950 $149K Add +61.2%
AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC 0.01% 4,945 $148K No change
KEYS Keysight Technologies Inc. 0.01% 700 $142K Reduce -1.3%
GILD Gilead Sciences Inc. 0.01% 1,158 $142K Reduce -8.0%
XLY SS Consumer Disc Select Sect 0.01% 1,190 $142K Reduce -12.6%
VTR Ventas Inc. 0.01% 1,800 $139K Reduce -0.5%
KNSL Kinsale Capital Group Inc. 0.01% 350 $137K Add +75.0%
XLF SS Financial Select Sector 0.01% 2,480 $136K Reduce -64.5%
MET Metlife Inc. 0.01% 1,710 $135K Reduce -14.5%
CB Chubb Ltd. 0.01% 432 $135K Reduce -0.9%
CSX CSX Corp. 0.01% 3,580 $130K Reduce -13.9%
HOLX Hologic Inc. 0.01% 1,724 $128K No change
PIPR Piper Sandler Cos 0.01% 375 $127K No change
PIO Invesco Global Water ETF 0.01% 2,881 $127K No change
KO The Coca-Cola Co. 0.01% 1,781 $124K Reduce -3.3%
DLR Digital Realty Trust Inc. 0.01% 800 $124K Reduce -9.6%
INTU Intuit Inc. 0.01% 183 $121K No change
ACN Accenture PLC Class A 0.01% 440 $118K No change
VGT Vanguard Info Tech ETF 0.01% 156 $118K Reduce -26.8%
IWD iShares Russell 1000 Value E 0.01% 558 $117K No change
MCB Metropolitan Bank Holding Co. 0.01% 1,500 $115K No change
SBUX Starbucks Corp. 0.01% 1,360 $115K Reduce -0.7%
MPWR Monolithic Power Systems Inc. 0.01% 125 $113K Reduce -1.6%
XEL Xcel Energy Inc. 0.01% 1,509 $111K Reduce -16.5%
WM Waste Management Inc. 0.01% 500 $110K Reduce -1.2%
CRWV Coreweave Inc. Class A 0.01% 1,534 $110K No change
IWB iShares Russell 1000 ETF 0.01% 285 $106K No change
NVCT Nuvectis Pharma Inc. 0.01% 14,000 $106K Add +40.0%
SYK Stryker Corp. 0.01% 300 $105K Reduce -2.3%
WEC WEC Energy Group Inc. 0.01% 991 $105K Reduce -0.8%
CMI Cummins Inc. 0.01% 200 $102K Reduce -1.0%
NVO Novo-Nordisk A/S-Spons ADR 0.01% 2,000 $102K Reduce -15.7%
IDXX Idexx Laboratories Inc. 0.01% 150 $101K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.01% 1,200 $100K Reduce -0.3%
JBL Jabil Inc. 0.01% 436 $99K Reduce -25.6%
IHI iShares U.S. Medical Devices 0.01% 1,580 $98K Reduce -6.0%
RTX RTX Corp. 0.01% 531 $97K Reduce -50.4%
IWR iShares Russell Mid-Cap ETF 0.01% 1,000 $96K No change
PCAR Paccar Inc. 0.01% 875 $96K Reduce -43.5%
IMCG iShares Morningstar Mid-Cap 0.01% 1,200 $96K Reduce -40.0%
RSP Invesco S&P 500 Equal Weight 0.01% 500 $96K No change
D Dominion Energy Inc. 0.01% 1,630 $95K Reduce -11.7%
XLC SS Comm Select Sector SPDR 0.01% 807 $95K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.01% 2,500 $95K Reduce -37.6%
FCX Freeport-McMoran Inc. 0.01% 1,799 $91K Add +5.0%
IXN iShares Global Tech ETF 0.01% 870 $91K No change
FMCX FM Focus Equity ETF 0.01% 2,600 $90K No change
AXP American Express Co. 0.01% 239 $88K Reduce -5.5%
VZ Verizon Communications Inc. 0.01% 2,170 $88K Reduce -67.9%
GEV GE Vernova Inc. 0.01% 132 $86K No change
RY Royal Bank of Canada 0.01% 500 $85K No change
IWS iShares Russell Mid-Cap Valu 0.01% 600 $85K No change
LNG Cheniere Energy Inc. 0.01% 426 $83K No change
PLPC Preformed Line Products Co. 0.01% 400 $83K No change
OXY Occidental Petroleum Corp. 0.01% 2,000 $82K No change
XLI SS Industrial Select Sector 0.01% 530 $82K Reduce -20.2%
APD Air Products & Chemicals Inc. 0.01% 331 $82K Reduce -15.1%
CPT Camden Property Trust 0.01% 738 $81K Reduce -10.7%
ARES Ares Management Corp. Class A 0.01% 499 $81K Reduce -15.1%
TGT Target Corp. 0.01% 825 $81K Reduce -2.8%
ETN Eaton Corp. PLC 0.01% 253 $81K Reduce -3.8%
MELI MercadoLibre Inc. 0.01% 40 $81K Add +700.0%
PAVE Global X US Infrastructure 0.01% 1,671 $80K No change
FTNT Fortinet Inc. 0.01% 985 $78K No change
SCI Service Corp. International 0.01% 1,000 $78K No change
FUTY Fidelity MSCI US Utilities 0.01% 1,400 $77K No change
WELL Welltower Inc. 0.00% 412 $76K Reduce -1.9%
RSG Republic Services Inc. 0.00% 350 $74K Reduce -1.1%
MPLX MPLX LP 0.00% 1,387 $74K No change
CVX Chevron Corp. 0.00% 485 $74K Reduce -59.6%
XLP SS Consumer Staples Sel Sect 0.00% 936 $73K No change
EW Edwards Lifesciences Corp. 0.00% 800 $68K Reduce -0.6%
AMGN Amgen Inc. 0.00% 208 $68K Reduce -3.7%
CHD Church & Dwight Co. Inc. 0.00% 800 $67K Reduce -2.0%
OSCR Oscar Health Inc. Class A 0.00% 4,633 $67K No change
MSI Motorola Solutions Inc. 0.00% 170 $65K No change
CALF PCR US SM CP CSH CWS ETF-Usd 0.00% 1,450 $64K No change
REXR Rexford Industrial Realty Inc. 0.00% 1,640 $64K No change
IDA Idacorp Inc. 0.00% 500 $63K No change
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.00% 507 $63K No change
IVT Inventrust Properties Corp. 0.00% 2,195 $62K Add +46.3%
PKG Packaging Corp. of America 0.00% 300 $62K Reduce -0.7%
HR Healthcare Realty Trust Inc. 0.00% 3,650 $62K No change
ITW Illinois Tool Works 0.00% 250 $62K No change
AEE Ameren Corporation 0.00% 614 $61K No change
CDW CDW Corp. 0.00% 450 $61K Reduce -1.3%
SOLV Solventum Corp. 0.00% 750 $59K No change
IDV iShares International Select 0.00% 1,500 $59K No change
BRX Brixmor Property Group Inc. 0.00% 2,250 $59K No change
CBOE Cboe Global Markets Inc. 0.00% 235 $59K Reduce -0.8%
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 0.00% 850 $59K No change
TXN Texas Instruments Inc. 0.00% 335 $58K Reduce -63.4%
UNH Unitedhealth Group Inc. 0.00% 176 $58K Reduce -36.2%
VGSH Vanguard Short-Term Treasury 0.00% 985 $58K No change
VOO Vanguard S&P 500 ETF 0.00% 92 $58K Reduce -68.8%
APTV Aptiv PLC 0.00% 750 $57K Reduce -0.8%
SBAC SBA Communications Corp. 0.00% 295 $57K Reduce -1.0%
WU Western Union Co. 0.00% 6,000 $56K Reduce -30.2%
MRVL Marvell Technology Inc. 0.00% 650 $55K No change
VIG Vanguard Dividend Apprec ETF 0.00% 250 $55K Reduce -83.7%
USB US Bancorp 0.00% 1,025 $55K Reduce -2.1%
TEL Te Connectivity PLC 0.00% 238 $54K No change
BEP Brookfield Renewable Partner 0.00% 2,000 $54K New
GTLS Chart Industries Inc. 0.00% 260 $54K Reduce -99.7%
AMH American Homes 4 Rent- A 0.00% 1,650 $53K No change
CI The Cigna Group 0.00% 192 $53K Reduce -63.1%
SCHG Schwab US Large-Cap Growth 0.00% 1,600 $52K No change
ITM Vaneck Intermediate Muni ETF 0.00% 1,100 $52K No change
BWXT BWX Technologies Inc. 0.00% 300 $52K New
PSA Public Storage 0.00% 199 $52K Reduce -1.0%
NRIX Nurix Therapeutics Inc. 0.00% 2,650 $50K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.00% 994 $50K No change
CWEN Clearway Energy Inc. Class C 0.00% 1,500 $50K No change
INVH Invitation Homes Inc. 0.00% 1,795 $50K Reduce -0.6%
VUSB Vanguard Ultra Short Bond Et 0.00% 1,000 $50K No change
STLD Steel Dynamics Inc. 0.00% 290 $49K Reduce -21.2%
CL Colgate-Palmolive Co. 0.00% 613 $48K Reduce -0.8%
MGEE Mge Energy Inc. 0.00% 600 $47K No change
C Citigroup Inc. 0.00% 400 $47K Reduce -2.4%
AHR American Healthcare REIT Inc. 0.00% 989 $47K Reduce -42.3%
JEPI JPMorgan Equity Premium Inco 0.00% 800 $46K No change
CCJ Cameco Corp. 0.00% 500 $46K New
WSR Whitestone REIT 0.00% 3,200 $44K Add +52.4%
SFM Sprouts Farmers Market Inc. 0.00% 556 $44K No change
MO Altria Group Inc. 0.00% 750 $43K Reduce -3.1%
ROP Roper Technologies Inc. 0.00% 97 $43K Reduce -59.6%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.00% 1,000 $43K Reduce -73.3%
FERG Ferguson Enterprises Inc. 0.00% 185 $41K Reduce -17.0%
CLMB Climb Global Solutions Inc. 0.00% 400 $41K Reduce -50.0%
SILA Sila Realty Trust Inc. 0.00% 1,763 $41K No change
STIP iShares 0-5 Year Tips Bond E 0.00% 400 $41K No change
XYL Xylem Inc. 0.00% 300 $41K No change
LRGF iShares US Equity Factor ETF 0.00% 580 $40K No change
WMS Advanced Drainage Systems Inc. 0.00% 270 $39K No change
BBJP JPMorgan Betabuilders Japan 0.00% 577 $38K Reduce -50.0%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.00% 578 $38K New
COLD Americold Realty Trust Inc. 0.00% 2,920 $38K Add +12.3%
HDV iShares Core High Dividend E 0.00% 300 $36K No change
BLND Blend Labs Inc. Class A 0.00% 11,939 $36K No change
TOST Toast Inc. Class A 0.00% 1,000 $36K No change
UBER Uber Technologies Inc. 0.00% 430 $35K Add +1333.3%
FVR Frontview REIT Inc. 0.00% 2,377 $35K New
TECH Bio-Techne Corp. 0.00% 596 $35K Reduce -1.3%
DEUS Xtrackers Russell US Multi 0.00% 600 $35K No change
UL Unilever PLC-Sponsored ADR 0.00% 533 $35K No change
CSR Centerspace 0.00% 520 $35K New
QCOM Qualcomm Inc. 0.00% 201 $34K Reduce -59.5%
T AT&T Inc. 0.00% 1,383 $34K Reduce -18.4%
BXP BXP Inc. 0.00% 508 $34K Add +3.7%
SMA Smartstop Self Storage REIT 0.00% 1,100 $34K Add +4.1%
KMB Kimberly-Clark Corp. 0.00% 334 $34K Reduce -26.6%
FITB Fifth Third Bancorp 0.00% 710 $33K Reduce -29.0%
NNN NNN REIT Inc. 0.00% 818 $32K No change
AZN Astrazeneca PLC-Spons ADR 0.00% 350 $32K No change
BLK BlackRock Inc. 0.00% 30 $32K Reduce -3.2%
QQEW First TR Nasdaq-100 Sel Eq 0.00% 225 $32K No change
CDNS Cadence Design SYS Inc. 0.00% 102 $32K Reduce -23.9%
HIW Highwoods Properties Inc. 0.00% 1,175 $30K No change
ESGV Vanguard ESG US Stock ETF 0.00% 250 $30K New
FBTC Fidelity Wise Origin Bitcoin 0.00% 390 $30K Add +56.0%
FETH Fidelity Ethereum Fund 0.00% 985 $29K No change
ETHA iShares Ethereum Trust ETF 0.00% 1,300 $29K No change
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.00% 300 $28K No change
BSX Boston Scientific Corp. 0.00% 295 $28K Reduce -7.5%
BMY Bristol-Myers Squibb Co. 0.00% 521 $28K Reduce -72.1%
BBCA JPMorgan Betabuilders Canada 0.00% 290 $27K Reduce -50.0%
ADSK Autodesk Inc. 0.00% 91 $27K No change
KR Kroger Co. 0.00% 420 $26K Reduce -2.3%
SUN Sunoco LP 0.00% 500 $26K No change
METC Ramaco Resources Inc. Class A 0.00% 1,445 $26K No change
APH Amphenol Corp. Class A 0.00% 191 $26K No change
URA Global X Uranium ETF 0.00% 600 $26K New
NET Cloudflare Inc. Class A 0.00% 125 $25K New
OPRX Optimizerx Corp. 0.00% 2,000 $25K No change
BHP BHP Group Ltd.-Spon ADR 0.00% 400 $24K New
PFE Pfizer Inc. 0.00% 967 $24K Reduce -7.7%
PYPL PayPal Holdings Inc. 0.00% 400 $23K Reduce -73.4%
Q Qnity Electronics Inc. 0.00% 285 $23K Reduce -3.9%
IWF iShares Russell 1000 Growth 0.00% 49 $23K No change
FDVV Fidelity High Dividend ETF 0.00% 400 $23K No change
LULU Lululemon Athletica Inc. 0.00% 106 $22K Reduce -29.3%
ARM Arm Holdings PLC-ADR 0.00% 200 $22K No change
XLE SS Energy Select Sector 0.00% 480 $21K Reduce -64.4%
VGIT Vanguard Intermediate-Term T 0.00% 352 $21K No change
NGG National Grid PLC-SP ADR 0.00% 255 $20K No change
FTAI Ftai Aviation Ltd. 0.00% 100 $20K Reduce -33.3%
BBAX JPMorgan Betabuilders Develo 0.00% 345 $19K Reduce -50.0%
MDT Medtronic PLC 0.00% 200 $19K Reduce -9.1%
LRCX Lam Research Corp. 0.00% 110 $19K Reduce -73.2%
IBIT iShares Bitcoin Trust ETF 0.00% 375 $19K No change
PRU Prudential Financial Inc. 0.00% 164 $19K Reduce -4.7%
WMB Williams Cos Inc. 0.00% 283 $17K Reduce -5.0%
MCK McKesson Corp. 0.00% 19 $16K Reduce -9.5%
BTC Grayscale Bitcoin Mini ETF 0.00% 400 $15K No change
IJT iShares S&P Small-Cap 600 GR 0.00% 108 $15K No change
MP MP Materials Corp. 0.00% 300 $15K New
FIX Comfort Systems USA Inc. 0.00% 16 $15K No change
ALB Albemarle Corp. 0.00% 100 $14K Reduce -13.0%
OPEN Opendoor Technologies Inc. 0.00% 2,300 $13K No change
UPS United Parcel Service Class B 0.00% 134 $13K No change
MSTR Strategy Inc. 0.00% 85 $13K No change
MCO Moody's Corp. 0.00% 25 $13K Reduce -19.4%
QS Quantumscape Corp. 0.00% 1,200 $13K New
SPOT Spotify Technology SA 0.00% 21 $12K No change
BEPC Brookfield Renewable Corp. 0.00% 300 $12K No change
COIN Coinbase Global Inc. Class A 0.00% 50 $11K Reduce -3.9%
KHC The Kraft Heinz Co. 0.00% 450 $11K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.00% 37 $10K No change
LION Lionsgate Studios Corp. 0.00% 1,120 $10K No change
ABNB Airbnb Inc. Class A 0.00% 75 $10K Reduce -60.5%
WBD Warner Bros Discovery Inc. 0.00% 334 $10K Reduce -53.6%
NKE Nike Inc. Class B 0.00% 150 $10K Reduce -63.7%
TMDX Transmedics Group Inc. 0.00% 75 $9K New
CHDN Churchill Downs Inc. 0.00% 80 $9K No change
SCWO 374WATER Inc. 0.00% 4,300 $9K No change
FWONK Liberty Media Corp. Class C 0.00% 89 $9K No change
UEC Uranium Energy Corp. 0.00% 750 $9K New
CLM Cornerstone Strategic Invest 0.00% 1,000 $8K No change
IJR iShares Core S&P Small-Cap E 0.00% 65 $8K Reduce -94.1%
MU Micron Technology Inc. 0.00% 25 $7K No change
VMC Vulcan Materials Co. 0.00% 25 $7K Reduce -72.5%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.00% 74 $7K No change
BA The Boeing Co. 0.00% 30 $7K Reduce -40.0%
ALL Allstate Corp. 0.00% 30 $6K Reduce -6.3%
RSKD Riskified Ltd. Class A 0.00% 1,213 $6K No change
PLTR Palantir Technologies Inc. Class A 0.00% 33 $6K No change
PFGC Performance Food Group Co. 0.00% 65 $6K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 73 $6K Reduce -27.0%
HON Honeywell International Inc. 0.00% 26 $5K Reduce -10.3%
KLAC KLA Corp. 0.00% 4 $5K No change
USAR USA Rare Earth Inc. 0.00% 400 $5K New
METCB Ramaco Resources Inc. Class B 0.00% 368 $4K Add +1.7%
GEHC GE Healthcare Technology 0.00% 43 $4K No change
INTC Intel Corp. 0.00% 90 $3K No change
KD Kyndryl Holdings Inc. 0.00% 125 $3K No change
STX Seagate Technology Holdings 0.00% 12 $3K No change
ILMN Illumina Inc. 0.00% 25 $3K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.00% 11 $3K No change
RIVN Rivian Automotive Inc. Class A 0.00% 160 $3K No change
PH Parker Hannifin Corp. 0.00% 3 $3K Reduce -57.1%
RJF Raymond James Financial Inc. 0.00% 16 $3K No change
A Agilent Technologies Inc. 0.00% 18 $2K Reduce -18.2%
ENPH Enphase Energy Inc. 0.00% 75 $2K No change
MICC The Magnum Ice Cream Co. NV 0.00% 120 $2K No change
MCHP Microchip Technology Inc. 0.00% 27 $2K Reduce -61.4%
HELP Cybin Inc. 0.00% 197 $2K No change
PRGO Perrigo Co. PLC 0.00% 100 $1K No change
SEDG Solaredge Technologies Inc. 0.00% 45 $1K No change
STRZ Starz Entertainment Corp. 0.00% 74 $866 No change
CLNE Clean Energy Fuels Corp. 0.00% 360 $756 No change
BRO Brown & Brown Inc. 0.00% 9 $718 No change
GRAL Grail Inc. 0.00% 4 $343 No change
SOLS Solstice Adv Materials Inc. 0.00% 5 $243 Reduce -31.0%
VYM Vanguard High DVD Yield ETF 0.00% 1 $129 Reduce -99.9%
OLED Universal Display Corp. 0.00% 1 $117 No change
SPWR Sunpower Inc. 0.00% 52 $82 No change
WPRT Westport Fuel Systems Inc. 0.00% 13 $21 No change
OLB Olb Group Inc. 0.00% 36,050 $0 Reduce -50.0%
Other holdings (4): bonds, preferreds, convertibles and warrants · $5K (not counted above)
SecurityClassShares / PrincipalValueChange
DRTSW Alpha Tau Medical Ltd. -27 *W EXP 99/99/999 14,500$5KNo change
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 76$69No change
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 76$40New
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 76$31New
Lines left out (3) · $106 — a value with no share or principal amount
SecurityClassSharesValue
VHT Vanguard Health Care ETF HEALTH CAR ETF0$88
CGW Invesco S&P Global Water Ind S&P GBL WATER0$9
VTV Vanguard Mrngstr Val ETF-Aui VALUE ETF0$9

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $1.5B.

Portfolio Sells Q3 2025 → Q4 2025

GTLS Chart Industries Inc. Reduce -99.7% 0.00% −0.99
IBB iShares Biotechnology ETF Reduce -86.4% 0.18% −0.94
OWL Blue Owl Capital Inc. Reduce -97.5% 0.02% −0.75
NOW ServiceNow Inc. Reduce -1.8% 1.09% −0.25
ADBE Adobe Inc. Reduce -29.4% 0.30% −0.13
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.7% 2.28% −0.10
VXF Vanguard Extended Market ETF Sold out 0.00% −0.06
SCHW Schwab (charles) Corp. Sold out 0.00% −0.04
DHI D.R. Horton Inc. Reduce -44.4% 0.03% −0.04
NOC Northrop Grumman Corp. Reduce -5.2% 0.27% −0.04
VXUS Vanguard Total Intl Stock Reduce -19.5% 0.16% −0.03
LEN Lennar Corp. Class A Reduce -50.3% 0.02% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -11.9% 0.22% −0.03
USMV iShares MSCI USA Min Vol Fac Reduce -59.8% 0.02% −0.02
TT Trane Technologies PLC Reduce -5.8% 0.15% −0.02
PG The Procter & Gamble Co. Reduce -21.6% 0.05% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.8% 0.30% −0.02
ABT Abbott Laboratories Reduce -23.2% 0.05% −0.02
VIG Vanguard Dividend Apprec ETF Reduce -83.7% 0.00% −0.02
OKE Oneok Inc. Sold out 0.00% −0.02
HACK Amplify Cybersecurity ETF Sold out 0.00% −0.02
XLF SS Financial Select Sector Reduce -64.5% 0.01% −0.02
MRK Merck & Co. Inc. Reduce -31.4% 0.09% −0.01
VZ Verizon Communications Inc. Reduce -67.9% 0.01% −0.01
VYM Vanguard High DVD Yield ETF Reduce -99.9% 0.00% −0.01
AVB Avalonbay Communities Inc. Reduce -11.5% 0.06% −0.01
LYV Live Nation Entertainment Inc. Sold out 0.00% −0.01
MRSH Marsh & McLennan Cos Reduce -21.1% 0.03% −0.01
CSCO Cisco Systems Inc. Reduce -35.5% 0.03% −0.01
BX Blackstone Inc. Reduce -18.4% 0.03% −0.01
PHO Invesco Water Resources ETF Sold out 0.00% −0.01
ITA iShares U.S. Aerospace & Def Reduce -31.6% 0.02% −0.01
BN Brookfield Corp. Reduce -12.5% 0.06% −0.01
URI United Rentals Inc. Reduce -12.1% 0.02% −0.01
IJR iShares Core S&P Small-Cap E Reduce -94.1% 0.00% −0.01
VOO Vanguard S&P 500 ETF Reduce -68.8% 0.00% −0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -73.3% 0.00% −0.01
WRB WR Berkley Corp. Sold out 0.00% −0.01
GIS General Mills Inc. Reduce -23.3% 0.02% −0.01
JCPI JP Morgan Inflation MGD Bond Sold out 0.00% −0.01
ELV Elevance Health Inc. Sold out 0.00% −0.01
CVX Chevron Corp. Reduce -59.6% 0.00% −0.01
AIQ Global X Art Intel & Tech Sold out 0.00% −0.01
TXN Texas Instruments Inc. Reduce -63.4% 0.00% −0.01
TIP iShares Tips Bond ETF Reduce -36.3% 0.01% −0.01
PEP Pepsico Inc. Reduce -25.2% 0.02% −0.01
META Meta Platforms Inc. Class A Reduce -19.4% 0.02% −0.01
WDAY Workday Inc. Class A Reduce -33.4% 0.01% −0.01
TTD Trade Desk Inc./the Class A Reduce -37.6% 0.01% −0.01
FAST Fastenal Co. Sold out 0.00% −0.01

Portfolio Buys Q3 2025 → Q4 2025

ETR Entergy Corp. New 0.40% +0.40
ONT Onterris Inc. Add +157.5% 0.69% +0.39
AON Aon PLC Class A Add +43.7% 1.30% +0.38
AMZN Amazon.com Inc. Add +0.5% 5.47% +0.27
V Visa Inc. Class A Add +2.3% 3.93% +0.17
NVDA Nvidia Corp. Add +1.8% 8.86% +0.12
JMTG Mortgage-Backed Securities Add +2.7% 4.40% +0.10
GLD SPDR Gold Shares Add +1.3% 0.29% +0.03
LIN Linde PLC Add +13.3% 1.24% +0.02
TYL Tyler Technologies Inc. Add +18.0% 0.68% +0.01
HASI Ha Sustainable Infrastructur Add +1.0% 0.37% +0.01
ULTA Ulta Beauty Inc. Add +0.7% 0.11% +0.01
EFA iShares MSCI Eafe ETF Add +142.4% 0.02% +0.01
SHOP Shopify Inc. Class A New 0.01% +0.01
TRV The Travelers Cos Inc. Add +2.6% 0.16% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +58.7% 0.02% +0.01
SLV iShares Silver Trust Add +9.3% 0.01% +0.01
MELI MercadoLibre Inc. Add +700.0% 0.01% +0.00
ASML ASML Holding NV-NY Reg SHS Add +37.5% 0.01% +0.00
CIBR First Trust Nasdaq Cybersecu Add +45.6% 0.01% +0.00
BEP Brookfield Renewable Partner New 0.00% +0.00
BWXT BWX Technologies Inc. New 0.00% +0.00
KNSL Kinsale Capital Group Inc. Add +75.0% 0.01% +0.00
CCJ Cameco Corp. New 0.00% +0.00
PLD Prologis Inc. Add +1.1% 0.03% +0.00
NVCT Nuvectis Pharma Inc. Add +40.0% 0.01% +0.00
AKRE Akre Focus ETF New 0.00% +0.00
FVR Frontview REIT Inc. New 0.00% +0.00
CSR Centerspace New 0.00% +0.00
IREN Iren Ltd. Add +61.2% 0.01% +0.00
UBER Uber Technologies Inc. Add +1333.3% 0.00% +0.00
ESGV Vanguard ESG US Stock ETF New 0.00% +0.00
AXON Axon Enterprise Inc. Add +37.0% 0.03% +0.00
URA Global X Uranium ETF New 0.00% +0.00
BHP BHP Group Ltd.-Spon ADR New 0.00% +0.00
NET Cloudflare Inc. Class A New 0.00% +0.00
FCX Freeport-McMoran Inc. Add +5.0% 0.01% +0.00
IVT Inventrust Properties Corp. Add +46.3% 0.00% +0.00
WSR Whitestone REIT Add +52.4% 0.00% +0.00
MP MP Materials Corp. New 0.00% +0.00
KKR KKR & Co. Inc. Add +3.3% 0.10% +0.00
IJH iShares Core S&P Midcap ETF Add +2.7% 0.02% +0.00
QS Quantumscape Corp. New 0.00% +0.00
TMDX Transmedics Group Inc. New 0.00% +0.00
UEC Uranium Energy Corp. New 0.00% +0.00
COLD Americold Realty Trust Inc. Add +12.3% 0.00% +0.00
FBTC Fidelity Wise Origin Bitcoin Add +56.0% 0.00% +0.00
USAR USA Rare Earth Inc. New 0.00% +0.00
BXP BXP Inc. Add +3.7% 0.00% −0.00
METCB Ramaco Resources Inc. Class B Add +1.7% 0.00% −0.00

Notes & Other Activity Q3 2025 → Q4 2025

OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 76 $40
OGS One Gas Inc. COM Sold out 0 $33before exit
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 76 $31
VTV Vanguard Mrngstr Val ETF-Aui VALUE ETF Reduce -100.0% 0 $9
CGW Invesco S&P Global Water Ind S&P GBL WATER Reduce -100.0% 0 $9

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 458$1.6BNVDA, AAPL, GOOG, AVGO, AMZN
Q1 2026 456$1.5BNVDA, AAPL, GOOG, AVGO, MSFT
Q4 2025 426$1.5BNVDA, GOOG, AVGO, AAPL, MSFT
Q3 2025 609$1.5BNVDA, MSFT, AVGO, AAPL, GOOG
Q2 2025 399$1.4BMSFT, NVDA, AVGO, AAPL, AMZN
Q1 2025 428$1.3BAAPL, MSFT, NVDA, AMZN, GOOG
Q4 2024 424$1.4BAAPL, MSFT, NVDA, GOOG, AMZN
Q3 2024 317$1.4BAAPL, MSFT, NVDA, GOOG, AMZN
Q2 2024 314$1.3BMSFT, AAPL, GOOG, AMZN, AVGO
Q1 2024 325$1.2BMSFT, AAPL, GOOG, AMZN, AVGO