Baer Investment Advisory LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Baer Investment Advisory LLC reported 23 stock positions worth $70.4 million . Its top holding was Amazon.com (AMZN) at 7.7% of the portfolio, followed by Curtiss-Wright (CW, 7.7% ) and Emcor (EME, 6.8% ). Compared with Q4 2025, it added to 10 and reduced 12. The biggest buy was Ferrari (RACE, shares +156% ) and the biggest sale Amphenol Class A (APH, shares −42% ).
Location CORTE MADERA, CA
CIK 0002057153
Portfolio Value $70.4M (Q1 2026) Holdings 23 stocks · $70.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 AMZN Amazon.com Inc. 26,012 $5.4M Reduce -1.1% CW Curtiss-Wright Corp. 7,941 $5.4M Reduce -0.3% EME Emcor Group Inc. 6,442 $4.8M Reduce -23.7% DE Deere & Co. 8,263 $4.7M Reduce -1.2% RACE Ferrari NV 13,650 $4.6M Add +156.1% ADI Analog Devices Inc. 12,596 $4.0M Reduce -31.4% ECL Ecolab Inc. 14,579 $3.9M Add +0.1% APH Amphenol Corp. Class A 28,309 $3.6M Reduce -42.0% NFLX Netflix Inc. 37,116 $3.6M Add +60.0% AAPL Apple Inc. 13,997 $3.6M Add +0.4% NVDA Nvidia Corp. 19,509 $3.4M Add +11.2% TXN Texas Instruments Inc. 16,535 $3.3M Reduce -2.2% IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 12,281 $3.0M Add +68.1% VEEV Veeva Systems Inc. Class A 16,093 $2.8M Reduce -1.2% EPD Enterprise Products Partners 72,091 $2.7M Reduce -9.6% URI United Rentals Inc. 3,315 $2.4M Reduce -1.7% INTU Intuit Inc. 4,844 $2.1M Reduce -33.6% SHOP Shopify Inc. Class A 17,359 $2.1M Add +65.3% TMO Thermo Fisher Scientific Inc. 3,116 $1.5M Add +3.1% CDNS Cadence Design SYS Inc. 5,328 $1.5M Add +57.7% MSFT Microsoft Corp. 3,646 $1.3M Reduce -7.2% QQQ Invesco QQQ Trust Series 1 1,339 $773K Add +278.3% SNAP Snap Inc. Class A 10,000 $46K No change
Options reported separately and not counted above: TAIWAN SEMICONDUCTOR MANUFAC calls ($9.0M), NVIDIA CORPORATION calls ($6.9M), NETFLIX INC. calls ($2.4M), MICROSOFT CORP calls ($2.3M), SHOPIFY INC calls ($1.6M), INTUIT calls ($1.2M), COSTAR GROUP INC calls ($1.2M), AMPHENOL CORP calls ($1.0M), INTERNATIONAL BUSINESS MACHS calls ($1.0M), THERMO FISHER SCIENTIFIC INC calls ($703K), CADENCE DESIGN SYSTEM INC calls ($652K), AMAZON COM INC calls ($566K), and 3 more.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ APH Amphenol Corp. Class A Reduce -42.0% 5.08% −4.13 INTU Intuit Inc. Reduce -33.6% 2.99% −3.76 ADI Analog Devices Inc. Reduce -31.4% 5.69% −1.25 VEEV Veeva Systems Inc. Class A Reduce -1.2% 4.01% −1.06 AMZN Amazon.com Inc. Reduce -1.1% 7.69% −0.78 MSFT Microsoft Corp. Reduce -7.2% 1.92% −0.74 EME Emcor Group Inc. Reduce -23.7% 6.75% −0.45 URI United Rentals Inc. Reduce -1.7% 3.43% −0.38 EPD Enterprise Products Partners Reduce -9.6% 3.87% +0.31 TXN Texas Instruments Inc. Reduce -2.2% 4.67% +0.58 DE Deere & Co. Reduce -1.2% 6.61% +1.18 CW Curtiss-Wright Corp. Reduce -0.3% 7.68% +1.56
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ RACE Ferrari NV Add +156.1% 6.56% +3.81 NFLX Netflix Inc. Add +60.0% 5.07% +2.03 IBM Intl Business Machines Corp. Add +68.1% 4.23% +1.21 QQQ Invesco QQQ Trust Series 1 Add +278.3% 1.10% +0.79 CDNS Cadence Design SYS Inc. Add +57.7% 2.10% +0.63 SHOP Shopify Inc. Class A Add +65.3% 2.92% +0.57 NVDA Nvidia Corp. Add +11.2% 4.83% +0.26 ECL Ecolab Inc. Add +0.1% 5.51% +0.17 AAPL Apple Inc. Add +0.4% 5.04% −0.24 TMO Thermo Fisher Scientific Inc. Add +3.1% 2.17% −0.27
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ NVDA Nvidia Corp. call Sold out 1,354 $9.8Mbefore exit TAIWAN SEMICONDUCTOR MANUFAC call New 657 $9.0M TSM Taiwan Semiconductor-SP ADR call Sold out 680 $7.2Mbefore exit NVIDIA CORPORATION call New 1,246 $6.9M MSFT Microsoft Corp. call Sold out 386 $4.0Mbefore exit NETFLIX INC. call New 976 $2.4M MICROSOFT CORP call New 379 $2.3M NFLX Netflix Inc. call Sold out 906 $2.2Mbefore exit SHOPIFY INC (SHOPCN 0.125 11/01/25) call Sold out 325 $2.1Mbefore exit CSGP Costar Group Inc. call Sold out 1,454 $2.0Mbefore exit SHOPIFY INC call New 239 $1.6M IBM Intl Business Machines Corp. call Sold out 242 $1.5Mbefore exit TMO Thermo Fisher Scientific Inc. call Sold out 69 $1.2Mbefore exit INTUIT call New 101 $1.2M CDNS Cadence Design SYS Inc. call Sold out 244 $1.2Mbefore exit COSTAR GROUP INC call New 1,421 $1.2M AMPHENOL CORP call New 348 $1.0M INTERNATIONAL BUSINESS MACHS call New 243 $1.0M URI United Rentals Inc. call Sold out 54 $733Kbefore exit THERMO FISHER SCIENTIFIC INC call New 69 $703K CADENCE DESIGN SYSTEM INC call New 183 $652K AMZN Amazon.com Inc. call Sold out 102 $634Kbefore exit AMAZON COM INC call New 106 $566K AAPL Apple Inc. call Sold out 78 $508Kbefore exit UNITED RENTALS INC call New 51 $452K APPLE INC call New 86 $414K QQQ Invesco QQQ Trust Series 1 put Sold out 352 $280Kbefore exit DEERE & CO call New 23 $235K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 25 $82.5M VEEV, AMZN, CW, DE, RACE Q1 2026 Amended 23 $70.4M AMZN, CW, EME, DE, RACE Q4 2025 23 $71.7M APH, AMZN, EME, ADI, INTU Q3 2025 25 $79.9M APH, AMZN, EME, INTU, VEEV Q2 2025 Amended 24 $61.2M AMZN, APH, VEEV, EME, CSGP Q1 2025 25 $77.3M NVDA, AMZN, CSGP, NFLX, APD Q4 2024 24 $92.8M ITOT, QQQ, AMZN, TSM, AAPL