Barton Investment Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Barton Investment Management reported 51 stock positions worth $981.9 million. Its top holding was Netflix (NFLX) at 29.6% of the portfolio, followed by Shopify Class A (SHOP, 25.5%) and Amazon.com (AMZN, 11.5%). Compared with Q2 2025, it opened 3 new positions, added to 3 and reduced 20. The biggest buy was a new position in Klaviyo Class A (KVYO) and the biggest sale Netflix (NFLX, shares −1%).

Most Recent 13F
Q2 2026
Location
WEST CONSHOHOCKEN, PA
CIK
0001387818
Portfolio Value
$981.9M (Q3 2025)
SEC Filing
0001387818-25-000005 ↗ filed Oct 21, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $824.2M Q1 2024 Q2 2024: $751.7M Q2 2024 Q3 2024: $799.7M Q3 2024 Q4 2024: $942.8M Q4 2024 Q1 2025: $814.1M Q1 2025 Q2 2025: $965.1M Q2 2025 Q3 2025: $981.9M $981.9M Q3 2025 Q4 2025: $928.1M Q4 2025 Q1 2026: $797.3M Q1 2026 Q2 2026: $738.2M Q2 2026

Holdings 51 stocks · $981.9M
NFLX Netflix Inc. 29.59% 242,311 $290.5M Reduce -1.3%
SHOP Shopify Inc. Class A 25.50% 1,684,789 $250.4M Reduce -1.9%
AMZN Amazon.com Inc. 11.46% 512,687 $112.6M Reduce -0.7%
GLBE Global-E Online Ltd. 3.91% 1,072,342 $38.3M Reduce -0.7%
OWL Blue Owl Capital Inc. 3.31% 1,920,184 $32.5M Add +0.7%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 3.07% 473,217 $30.1M Reduce -20.5%
EQIX Equinix Inc. 2.86% 35,853 $28.1M Reduce -4.8%
GTLB Gitlab Inc. Class A 2.56% 556,878 $25.1M Reduce -1.3%
OKTA Okta Inc. 2.34% 250,525 $23.0M Reduce -0.6%
GFL GFL Environmental Inc.-Sub VT 2.01% 417,298 $19.8M Reduce -0.6%
AMT American Tower Corp. 1.59% 81,078 $15.6M Reduce -1.9%
MSFT Microsoft Corp. 1.36% 25,775 $13.4M No change
KVYO Klaviyo Inc. Class A 1.11% 394,989 $10.9M New
EA Electronic Arts Inc. 1.03% 50,065 $10.1M Reduce -0.2%
BL Blackline Inc. 0.88% 161,852 $8.6M Reduce -7.0%
PYPL PayPal Holdings Inc. 0.85% 124,125 $8.3M Reduce -5.4%
QCOM Qualcomm Inc. 0.80% 47,279 $7.9M Reduce -0.2%
BRK.A Berkshire Hathaway Inc. Class A 0.77% 10 $7.5M No change
AAPL Apple Inc. 0.73% 28,329 $7.2M Reduce -1.6%
BERKSHIRE HATHAWAY INC 0.54% 10,450 $5.3M No change
GOOGL Alphabet Inc. Class A 0.48% 19,320 $4.7M No change
VTI VG Morningstar TS MKT ETF-US 0.36% 10,752 $3.5M Reduce -2.7%
JNJ Johnson & Johnson 0.28% 14,943 $2.8M No change
GOOG Alphabet Inc. Class C 0.26% 10,635 $2.6M No change
ABBV Abbvie Inc. 0.23% 9,614 $2.2M No change
ORCL Oracle Corp. 0.18% 6,185 $1.7M Reduce -6.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.17% 16,440 $1.7M No change
SYM Symbotic Inc. 0.17% 30,425 $1.6M New
DASH DoorDash Inc. Class A 0.17% 6,000 $1.6M No change
VGSH Vanguard Short-Term Treasury 0.16% 26,589 $1.6M Reduce -2.9%
XOM Exxon Mobil Corp. 0.14% 12,549 $1.4M No change
ABT Abbott Laboratories 0.14% 9,894 $1.3M No change
ADBE Adobe Inc. 0.12% 3,200 $1.1M No change
COST Costco Wholesale Corp. 0.10% 1,024 $948K No change
BILL Bill Holdings Inc. 0.09% 15,822 $838K Add +7.4%
NVDA Nvidia Corp. 0.07% 3,920 $731K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 6,289 $720K No change
MRK Merck & Co. Inc. 0.07% 8,158 $685K No change
AXP American Express Co. 0.06% 1,735 $576K No change
META Meta Platforms Inc. Class A 0.06% 765 $562K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 839 $559K No change
SCHX Schwab US Large-Cap ETF 0.05% 16,800 $443K New
ADP Automatic Data Processing 0.04% 1,400 $411K No change
VRT Vertiv Holdings Co. Class A 0.04% 2,285 $345K Reduce -0.7%
AVGO Broadcom Inc. 0.03% 1,027 $339K Reduce -1.3%
CI The Cigna Group 0.03% 1,080 $311K No change
NTRS Northern Trust Corp. 0.03% 2,250 $303K No change
CSCO Cisco Systems Inc. 0.03% 4,265 $292K No change
WMT Walmart Inc. 0.03% 2,535 $261K No change
PFE Pfizer Inc. 0.03% 9,784 $249K Add +0.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.02% 1,235 $230K No change

Portfolio Sells Q2 2025 → Q3 2025
NFLX Netflix Inc. Reduce -1.3% 29.59% −4.49
AL Sumisho Air Lease Corp. Reduce -20.5% 3.07% −0.54
AMT American Tower Corp. Reduce -1.9% 1.59% −0.30
AMZN Amazon.com Inc. Reduce -0.7% 11.46% −0.27
OKTA Okta Inc. Reduce -0.6% 2.34% −0.27
EQIX Equinix Inc. Reduce -4.8% 2.86% −0.24
GFL GFL Environmental Inc.-Sub VT Reduce -0.6% 2.01% −0.18
PYPL PayPal Holdings Inc. Reduce -5.4% 0.85% −0.16
BL Blackline Inc. Reduce -7.0% 0.88% −0.15
GTLB Gitlab Inc. Class A Reduce -1.3% 2.56% −0.08
VGSH Vanguard Short-Term Treasury Reduce -2.9% 0.16% −0.01
VRT Vertiv Holdings Co. Class A Reduce -0.7% 0.04% +0.00
AVGO Broadcom Inc. Reduce -1.3% 0.03% +0.00
VTI VG Morningstar TS MKT ETF-US Reduce -2.7% 0.36% +0.01
QCOM Qualcomm Inc. Reduce -0.2% 0.80% +0.02
ORCL Oracle Corp. Reduce -6.1% 0.18% +0.03
AAPL Apple Inc. Reduce -1.6% 0.73% +0.12
GLBE Global-E Online Ltd. Reduce -0.7% 3.91% +0.15
EA Electronic Arts Inc. Reduce -0.2% 1.03% +0.20
SHOP Shopify Inc. Class A Reduce -1.9% 25.50% +4.96

Portfolio Buys Q2 2025 → Q3 2025
KVYO Klaviyo Inc. Class A New 1.11% +1.11
SYM Symbotic Inc. New 0.17% +0.17
SCHX Schwab US Large-Cap ETF New 0.05% +0.05
BILL Bill Holdings Inc. Add +7.4% 0.09% +0.01
PFE Pfizer Inc. Add +0.2% 0.03% +0.00
OWL Blue Owl Capital Inc. Add +0.7% 3.31% −0.48

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 60$738.2MSHOP, NFLX, AMZN, GLBE, EQIX
Q1 2026 54$797.3MNFLX, SHOP, AMZN, GLBE, EQIX
Q4 2025 52$928.1MSHOP, NFLX, AMZN, GLBE, OWL
Q3 2025 51$981.9MNFLX, SHOP, AMZN, GLBE, OWL
Q2 2025 48$965.1MNFLX, SHOP, AMZN, OWL, GLBE
Q1 2025 46$814.1MNFLX, SHOP, AMZN, OWL, GLBE
Q4 2024 48$942.8MNFLX, SHOP, AMZN, GLBE, OWL
Q3 2024 49$799.7MNFLX, SHOP, AMZN, GLBE, OWL
Q2 2024 43$751.7MNFLX, SHOP, AMZN, GLBE, AL
Q1 2024 46$824.2MNFLX, SHOP, AMZN, AL, BL