BBR Partners, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), BBR Partners, LLC reported 235 stock positions worth $1.6 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 38.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 7.3%) and AB Internal Low Volat Eq ETF (ILOW, 5.7%). Compared with Q1 2025, it opened 28 new positions, sold out of 37, added to 42 and reduced 86. The biggest buy was a new position in AB Internal Low Volat Eq ETF (ILOW) and the biggest sale KKR (KKR, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001352467
- Portfolio Value
- $1.6B (Q2 2025)
- SEC Filing
- 0001352467-25-000008 ↗ filed Aug 14, 2025
Holdings Value
Holdings 235 stocks · $1.6B
| SPY SS SPDR S&P 500 ETF Trust-US | 38.88% | 1,010,922 | $624.6M | Add +1.9% |
| IVV iShares Core S&P 500 ETF | 7.32% | 189,448 | $117.6M | No change |
| ILOW AB Internal Low Volat Eq ETF filed as AB ACTIVE ETFS INC | 5.71% | 2,204,489 | $91.8M | New |
| UPS United Parcel Service Class B | 4.75% | 756,415 | $76.4M | Add +17.2% |
| HAYW Hayward Holdings Inc. | 3.94% | 4,591,730 | $63.4M | Add +4.2% |
| AAPL Apple Inc. | 2.74% | 214,693 | $44.0M | Reduce -1.0% |
| MSFT Microsoft Corp. | 2.36% | 76,349 | $38.0M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 2.05% | 57,964 | $32.9M | Add +3.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.02% | 106,688 | $32.4M | Add +18.7% |
| KKR KKR & Co. Inc. | 1.90% | 229,752 | $30.6M | Reduce -65.9% |
| PM Philip Morris International | 1.62% | 142,692 | $26.0M | Reduce -4.0% |
| RSP Invesco S&P 500 Equal Weight | 1.47% | 129,920 | $23.6M | Add +0.2% |
| VGT Vanguard Info Tech ETF | 1.32% | 31,981 | $21.2M | No change |
| GOOGL Alphabet Inc. Class A | 1.08% | 98,859 | $17.4M | Add +1.6% |
| GOOG Alphabet Inc. Class C | 0.66% | 59,673 | $10.6M | Add +2.8% |
| ABBV Abbvie Inc. | 0.63% | 54,244 | $10.1M | Reduce -7.3% |
| AMZN Amazon.com Inc. | 0.61% | 44,590 | $9.8M | Reduce -4.6% |
| JPM JPMorgan Chase & Co. | 0.56% | 31,171 | $9.0M | Reduce -4.8% |
| DGRO iShares Core Dividend Growth | 0.55% | 137,746 | $8.8M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.53% | 17,407 | $8.5M | Reduce -0.2% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.51% | 298,919 | $8.2M | No change |
| XOM Exxon Mobil Corp. | 0.50% | 74,123 | $8.0M | Add +0.5% |
| WMT Walmart Inc. | 0.48% | 78,883 | $7.7M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.46% | 54,877 | $7.5M | Reduce -4.0% |
| DMRC Digimarc Corp. | 0.43% | 517,299 | $6.8M | Reduce -7.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.41% | 23,801 | $6.7M | Add +25.4% |
| GS Goldman Sachs Group Inc. | 0.40% | 9,040 | $6.4M | Reduce -0.1% |
| MO Altria Group Inc. | 0.39% | 107,764 | $6.3M | Reduce -0.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.35% | 84,045 | $5.6M | Reduce -1.0% |
| MDLZ Mondelez International Inc. Class A | 0.34% | 80,902 | $5.5M | Reduce -0.0% |
| ACWI iShares MSCI Acwi ETF | 0.33% | 41,563 | $5.3M | Reduce -0.8% |
| MA Mastercard Inc. Class A | 0.33% | 9,295 | $5.2M | Reduce -0.1% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.32% | 44,345 | $5.2M | Add +40.7% |
| META Meta Platforms Inc. Class A | 0.30% | 6,582 | $4.9M | Add +1.0% |
| GLD SPDR Gold Shares | 0.29% | 15,077 | $4.6M | Add +56.6% |
| IWF iShares Russell 1000 Growth | 0.28% | 10,719 | $4.6M | Add +13.0% |
| JNJ Johnson & Johnson | 0.28% | 29,511 | $4.5M | Add +4.3% |
| UNP Union Pacific Corp. | 0.28% | 19,487 | $4.5M | Add +0.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.27% | 316,026 | $4.3M | No change |
| OEF iShares S&P 100 ETF | 0.25% | 13,441 | $4.1M | No change |
| DFAT Dimensional US Target Value | 0.25% | 74,746 | $4.0M | No change |
| URTH iShares MSCI World ETF | 0.24% | 22,957 | $3.9M | Reduce -2.1% |
| KMI Kinder Morgan Inc. | 0.24% | 130,756 | $3.8M | No change |
| V Visa Inc. Class A | 0.24% | 10,730 | $3.8M | Reduce -0.6% |
| XLV SS Health Care Select Sector | 0.23% | 27,857 | $3.8M | Reduce -0.8% |
| IQLT iShares MSCI International Q | 0.23% | 85,010 | $3.7M | Add +0.1% |
| IBIT iShares Bitcoin Trust ETF | 0.22% | 58,524 | $3.6M | Add +0.0% |
| AMAT Applied Materials Inc. | 0.22% | 19,134 | $3.5M | Reduce -0.1% |
| VXUS Vanguard Total Intl Stock | 0.21% | 49,939 | $3.5M | Add +0.1% |
| ARCC Ares Capital Corp. | 0.21% | 156,204 | $3.4M | Add +0.0% |
| NOW ServiceNow Inc. | 0.21% | 3,227 | $3.3M | New |
| IYW iShares Ustechnology ETF | 0.20% | 18,982 | $3.3M | Add +85.6% |
| BP BP PLC-Spons ADR | 0.19% | 102,594 | $3.1M | No change |
| LPRE Long Pond Real Estat Sel ETF | 0.19% | 118,218 | $3.0M | New |
| COST Costco Wholesale Corp. | 0.19% | 3,010 | $3.0M | Reduce -0.2% |
| VT Vanguard Tot World STK ETF | 0.17% | 21,566 | $2.8M | New |
| AXS Axis Capital Holdings Ltd. | 0.17% | 26,666 | $2.8M | No change |
| XLP SS Consumer Staples Sel Sect | 0.17% | 33,770 | $2.7M | New |
| RBLX Roblox Corp. Class A | 0.17% | 25,945 | $2.7M | Reduce -0.0% |
| CVX Chevron Corp. | 0.17% | 18,662 | $2.7M | Reduce -2.9% |
| HD Home Depot Inc. | 0.16% | 7,177 | $2.6M | Add +38.4% |
| DOV Dover Corp. | 0.16% | 14,000 | $2.6M | No change |
| QTEC First Trust Nasdq 100 Tech I | 0.16% | 11,888 | $2.5M | No change |
| KO The Coca-Cola Co. | 0.15% | 34,296 | $2.4M | Add +20.0% |
| MLAB Mesa Laboratories Inc. | 0.15% | 25,195 | $2.4M | Reduce -8.7% |
| PH Parker Hannifin Corp. | 0.15% | 3,378 | $2.4M | No change |
| VTIP Vanguard Short-Term Tips | 0.15% | 46,632 | $2.3M | No change |
| SHEL Shell PLC-ADR | 0.14% | 32,890 | $2.3M | No change |
| APO Apollo Global Management Inc. | 0.14% | 16,015 | $2.3M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.14% | 3 | $2.2M | Reduce -25.0% |
| MCD McDonald's Corp. | 0.13% | 6,991 | $2.0M | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 3,654 | $2.0M | Reduce -4.9% |
| IWD iShares Russell 1000 Value E | 0.12% | 10,276 | $2.0M | Add +2.2% |
| AMGN Amgen Inc. | 0.12% | 7,085 | $2.0M | Add +13.6% |
| VEA Vanguard Ftse Developed ETF | 0.12% | 34,495 | $2.0M | Add +10.3% |
| ADP Automatic Data Processing | 0.12% | 6,044 | $1.9M | Reduce -0.0% |
| PG The Procter & Gamble Co. | 0.11% | 11,445 | $1.8M | Add +26.2% |
| PFG Principal Financial Group | 0.11% | 22,001 | $1.7M | Reduce -0.1% |
| GE General Electric filed as GE AEROSPACE | 0.10% | 6,247 | $1.6M | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.10% | 4,136 | $1.6M | Reduce -0.3% |
| AON Aon PLC Class A | 0.10% | 4,381 | $1.6M | Add +19.4% |
| IVW iShares S&P 500 Growth ETF | 0.10% | 14,102 | $1.6M | No change |
| SOC Sable Offshore Corp. | 0.10% | 69,842 | $1.5M | Reduce -17.7% |
| AEVA Aeva Technologies Inc. | 0.09% | 40,010 | $1.5M | No change |
| CBRE CBRE Group Inc. Class A | 0.09% | 10,402 | $1.5M | No change |
| VNQ Vanguard Real Estate ETF | 0.09% | 15,941 | $1.4M | New |
| CSCO Cisco Systems Inc. | 0.09% | 20,350 | $1.4M | Reduce -0.3% |
| WFC Wells Fargo & Co. | 0.09% | 17,409 | $1.4M | Reduce -0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.09% | 5,819 | $1.4M | Add +114.7% |
| VWO Vanguard Ftse Emerging Marke | 0.09% | 27,771 | $1.4M | Add +116.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.08% | 10,859 | $1.3M | Reduce -9.9% |
| BA The Boeing Co. | 0.08% | 6,418 | $1.3M | Add +30.4% |
| TOST Toast Inc. Class A | 0.08% | 29,989 | $1.3M | No change |
| SNOW Snowflake Inc. | 0.08% | 5,926 | $1.3M | New |
| BITB Bitwise Bitcoin ETF | 0.08% | 21,500 | $1.3M | No change |
| LLY Eli Lilly & Co. | 0.08% | 1,603 | $1.2M | Reduce -0.8% |
| IVE iShares S&P 500 Value ETF | 0.08% | 6,352 | $1.2M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 4,176 | $1.2M | Reduce -0.2% |
| AGG iShares Core U.S. Aggregate | 0.07% | 11,951 | $1.2M | Reduce -0.3% |
| NOBL Proshares S&P 500 Dividend A | 0.07% | 11,675 | $1.2M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $41K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 11,291 | $41K | Reduce -72.2% |
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q1 2025 → Q2 2025
| KKR KKR & Co. Inc. | Reduce -65.9% | 1.90% | −3.60 |
| AAPL Apple Inc. | Reduce -1.0% | 2.74% | −0.66 |
| ABBV Abbvie Inc. | Reduce -7.3% | 0.63% | −0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.2% | 0.53% | −0.13 |
| HROW Harrow Inc. | Sold out | 0.00% | −0.12 |
| PSX Phillips 66 | Sold out | 0.00% | −0.09 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -25.0% | 0.14% | −0.09 |
| MLAB Mesa Laboratories Inc. | Reduce -8.7% | 0.15% | −0.08 |
| LBTYA Liberty Global Ltd. Class A | Reduce -90.9% | 0.01% | −0.08 |
| DMRC Digimarc Corp. | Reduce -7.0% | 0.43% | −0.08 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.08 |
| EPD Enterprise Products Partners | Reduce -63.5% | 0.03% | −0.07 |
| LENZ Lenz Therapeutics Inc. | Sold out | 0.00% | −0.07 |
| ABT Abbott Laboratories | Reduce -4.0% | 0.46% | −0.07 |
| SNREY Sunrise Communicat Class A | Sold out | 0.00% | −0.07 |
| GEL Genesis Energy L.P. | Sold out | 0.00% | −0.07 |
| MO Altria Group Inc. | Reduce -0.0% | 0.39% | −0.06 |
| CVX Chevron Corp. | Reduce -2.9% | 0.17% | −0.06 |
| SOC Sable Offshore Corp. | Reduce -17.7% | 0.10% | −0.06 |
| XLV SS Health Care Select Sector | Reduce -0.8% | 0.23% | −0.06 |
| MPLX MPLX LP | Sold out | 0.00% | −0.05 |
| GRAL Grail Inc. | Reduce -77.8% | 0.03% | −0.05 |
| PM Philip Morris International | Reduce -4.0% | 1.62% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.0% | 0.34% | −0.05 |
| BATRK Atlanta Braves Holdings in-C | Sold out | 0.00% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -0.1% | 0.33% | −0.04 |
| LGF.B Lions Gate Entertainment-B | Sold out | 0.00% | −0.03 |
| VSTS Vestis Corp. | Sold out | 0.00% | −0.03 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.03 |
| WBD Warner Bros Discovery Inc. | Reduce -73.7% | 0.01% | −0.03 |
| V Visa Inc. Class A | Reduce -0.6% | 0.24% | −0.03 |
| FLG Flagstar Bank NA | Sold out | 0.00% | −0.03 |
| NXT Nextpower Inc. | Sold out | 0.00% | −0.03 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.13% | −0.03 |
| TIPT Tiptree Inc. | Sold out | 0.00% | −0.03 |
| PFG Principal Financial Group | Reduce -0.1% | 0.11% | −0.02 |
| DFAC Dimensional US Core Equity 2 | Reduce -46.2% | 0.02% | −0.02 |
| GTX Garrett Motion Inc. | Sold out | 0.00% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -4.6% | 0.61% | −0.02 |
| LXRX Lexicon Pharmaceuticals Inc. | Sold out | 0.00% | −0.02 |
| BRSL Brightstar Lottery PLC | Sold out | 0.00% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -10.3% | 0.03% | −0.02 |
| FTRE Fortrea Holdings Inc. | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Reduce -15.9% | 0.04% | −0.02 |
| IBB iShares Biotechnology ETF | Sold out | 0.00% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -0.8% | 0.08% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -0.2% | 0.19% | −0.02 |
| ECO Okeanis Eco Tankers Corp. | Sold out | 0.00% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -0.1% | 0.05% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -5.9% | 0.04% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| ILOW AB Internal Low Volat Eq ETF | New | 5.71% | +5.71 |
| VTI VG Morningstar TS MKT ETF-US | Add +18.7% | 2.02% | +0.27 |
| NOW ServiceNow Inc. | New | 0.21% | +0.21 |
| LPRE Long Pond Real Estat Sel ETF | New | 0.19% | +0.19 |
| VT Vanguard Tot World STK ETF | New | 0.17% | +0.17 |
| XLP SS Consumer Staples Sel Sect | New | 0.17% | +0.17 |
| IYW iShares Ustechnology ETF | Add +85.6% | 0.20% | +0.10 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +40.7% | 0.32% | +0.09 |
| GLD SPDR Gold Shares | Add +56.6% | 0.29% | +0.09 |
| VNQ Vanguard Real Estate ETF | New | 0.09% | +0.09 |
| SNOW Snowflake Inc. | New | 0.08% | +0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +25.4% | 0.41% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.06% | +0.06 |
| CWI State Street SPDR MSCI Acwi | New | 0.05% | +0.05 |
| SMMD iShares Russell 2500 ETF | New | 0.05% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | Add +116.1% | 0.09% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +114.7% | 0.09% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +13.0% | 0.28% | +0.04 |
| META Meta Platforms Inc. Class A | Add +1.0% | 0.30% | +0.04 |
| SAP Sap SE-Sponsored ADR | New | 0.04% | +0.04 |
| CVMC Calvert US Mcap Core Resp | New | 0.03% | +0.03 |
| HD Home Depot Inc. | Add +38.4% | 0.16% | +0.03 |
| IBIT iShares Bitcoin Trust ETF | Add +0.0% | 0.22% | +0.03 |
| TEAM Atlassian Corp. Class A | New | 0.03% | +0.03 |
| MELI MercadoLibre Inc. | New | 0.02% | +0.02 |
| BA The Boeing Co. | Add +30.4% | 0.08% | +0.02 |
| LOCL Local Bounti Corp. | Add +564.6% | 0.03% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +1.6% | 1.08% | +0.02 |
| MMM 3M Co. | New | 0.02% | +0.02 |
| SHOP Shopify Inc. Class A | Add +33.0% | 0.06% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +2.8% | 0.66% | +0.02 |
| DT Dynatrace Inc. | New | 0.02% | +0.02 |
| CHD Church & Dwight Co. Inc. | New | 0.02% | +0.02 |
| EFA iShares MSCI Eafe ETF | New | 0.02% | +0.02 |
| RAMP Liveramp Holdings Inc. | New | 0.02% | +0.02 |
| XLK SS Technology Select Sector | New | 0.02% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.01% | +0.01 |
| MAR Marriott International Class A | New | 0.01% | +0.01 |
| EWJ iShares MSCI Japan ETF | New | 0.01% | +0.01 |
| PWB Invesco Large Cap Growth ETF | New | 0.01% | +0.01 |
| EMR Emerson Electric Co. | New | 0.01% | +0.01 |
| USHY iShares Broad Usd High Yield | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +10.3% | 0.12% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +3.1% | 2.05% | +0.01 |
| OBDC Blue Owl Capital Corp. | New | 0.01% | +0.01 |
| KO The Coca-Cola Co. | Add +20.0% | 0.15% | +0.01 |
| PG The Procter & Gamble Co. | Add +26.2% | 0.11% | +0.00 |
| TRML Tourmaline Bio Inc. | Add +50.0% | 0.01% | +0.00 |
| CMTG Claros Mortgage Trust Inc. | New | 0.00% | +0.00 |
| NKE Nike Inc. Class B | Add +14.6% | 0.02% | +0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Reduce -72.2% | 11,291 | $41K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 250 | $2.1B | SPY, ILOW, IVV, UPS, AAPL |
| Q1 2026 | 253 | $1.8B | SPY, ILOW, IVV, UPS, AAPL |
| Q4 2025 | 266 | $1.9B | SPY, ILOW, IVV, UPS, AAPL |
| Q3 2025 | 269 | $1.7B | SPY, ILOW, IVV, UPS, AAPL |
| Q2 2025 | 235 | $1.6B | SPY, IVV, ILOW, UPS, HAYW |
| Q1 2025 | 244 | $1.4B | SPY, IVV, KKR, UPS, HAYW |
| Q4 2024 | 249 | $1.4B | SPY, IVV, UPS, HAYW, AAPL |
| Q3 2024 | 241 | $1.3B | SPY, IVV, UPS, AAPL, VOO |
| Q2 2024 | 218 | $1.2B | SPY, IVV, UPS, AAPL, VOO |
| Q1 2024 | 253 | $1.2B | SPY, IVV, UPS, VOO, AAPL |