BBR Partners, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), BBR Partners, LLC reported 269 stock positions worth $1.7 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 39.1% of the portfolio, followed by AB Internal Low Volat Eq ETF (ILOW, 8.9%) and iShares Core S&P 500 ETF (IVV, 7.3%). Compared with Q2 2025, it opened 40 new positions, sold out of 6, added to 102 and reduced 38. The biggest buy was AB Internal Low Volat Eq ETF (ILOW, shares +65%) and the biggest sale an exit from Hayward (HAYW).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001352467
- Portfolio Value
- $1.7B (Q3 2025)
- SEC Filing
- 0001352467-25-000009 ↗ filed Nov 7, 2025
Holdings Value
Holdings 269 stocks · $1.7B
| SPY SS SPDR S&P 500 ETF Trust-US | 39.09% | 1,017,647 | $677.9M | Add +0.7% |
| ILOW AB Internal Low Volat Eq ETF filed as AB ACTIVE ETFS INC | 8.92% | 3,638,312 | $154.7M | Add +65.0% |
| IVV iShares Core S&P 500 ETF | 7.31% | 189,410 | $126.8M | Reduce -0.0% |
| UPS United Parcel Service Class B | 3.64% | 756,417 | $63.2M | Add +0.0% |
| AAPL Apple Inc. | 3.15% | 214,671 | $54.7M | Reduce -0.0% |
| MSFT Microsoft Corp. | 2.29% | 76,677 | $39.7M | Add +0.4% |
| VTI VG Morningstar TS MKT ETF-US | 2.02% | 106,694 | $35.0M | Add +0.0% |
| VOO Vanguard S&P 500 ETF | 1.93% | 54,692 | $33.5M | Reduce -5.6% |
| KKR KKR & Co. Inc. | 1.59% | 212,790 | $27.7M | Reduce -7.4% |
| RSP Invesco S&P 500 Equal Weight | 1.39% | 127,277 | $24.1M | Reduce -2.0% |
| VGT Vanguard Info Tech ETF | 1.38% | 31,981 | $23.9M | No change |
| PM Philip Morris International | 1.30% | 138,675 | $22.5M | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 1.21% | 86,577 | $21.0M | Reduce -12.4% |
| GLD SPDR Gold Shares | 0.91% | 44,527 | $15.8M | Add +195.3% |
| LPRE Long Pond Real Estat Sel ETF | 0.89% | 596,709 | $15.4M | Add +404.8% |
| GOOG Alphabet Inc. Class C | 0.83% | 59,344 | $14.5M | Reduce -0.6% |
| ABBV Abbvie Inc. | 0.73% | 54,323 | $12.6M | Add +0.1% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.57% | 298,919 | $9.9M | No change |
| AMZN Amazon.com Inc. | 0.56% | 43,970 | $9.7M | Reduce -1.4% |
| DGRO iShares Core Dividend Growth | 0.54% | 137,802 | $9.4M | Add +0.0% |
| JPM JPMorgan Chase & Co. | 0.54% | 29,667 | $9.4M | Reduce -4.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 17,487 | $8.8M | Add +0.5% |
| XOM Exxon Mobil Corp. | 0.48% | 74,265 | $8.4M | Add +0.2% |
| WMT Walmart Inc. | 0.46% | 78,121 | $8.1M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.42% | 54,985 | $7.4M | Add +0.2% |
| GS Goldman Sachs Group Inc. | 0.42% | 9,085 | $7.2M | Add +0.5% |
| MO Altria Group Inc. | 0.41% | 107,869 | $7.1M | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.36% | 21,431 | $6.3M | Reduce -10.0% |
| IYW iShares Ustechnology ETF | 0.35% | 30,740 | $6.0M | Add +61.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.35% | 84,045 | $6.0M | No change |
| ACWI iShares MSCI Acwi ETF | 0.33% | 41,563 | $5.7M | No change |
| JNJ Johnson & Johnson | 0.32% | 29,647 | $5.5M | Add +0.5% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.31% | 42,692 | $5.4M | Reduce -3.7% |
| MA Mastercard Inc. Class A | 0.30% | 9,207 | $5.2M | Reduce -0.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.30% | 325,095 | $5.2M | Add +2.9% |
| MDLZ Mondelez International Inc. Class A | 0.29% | 81,154 | $5.1M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.29% | 6,894 | $5.1M | Add +4.7% |
| DMRC Digimarc Corp. | 0.29% | 517,299 | $5.1M | No change |
| IWF iShares Russell 1000 Growth | 0.29% | 10,719 | $5.0M | No change |
| UNP Union Pacific Corp. | 0.27% | 19,513 | $4.6M | Add +0.1% |
| OEF iShares S&P 100 ETF | 0.26% | 13,441 | $4.5M | No change |
| IBIT iShares Bitcoin Trust ETF | 0.25% | 68,018 | $4.4M | Add +16.2% |
| DFAT Dimensional US Target Value | 0.25% | 74,746 | $4.4M | No change |
| URTH iShares MSCI World ETF | 0.23% | 22,439 | $4.1M | Reduce -2.3% |
| AMAT Applied Materials Inc. | 0.23% | 19,207 | $3.9M | Add +0.4% |
| IQLT iShares MSCI International Q | 0.22% | 85,010 | $3.8M | No change |
| KMI Kinder Morgan Inc. | 0.21% | 130,834 | $3.7M | Add +0.1% |
| V Visa Inc. Class A | 0.21% | 10,829 | $3.7M | Add +0.9% |
| VXUS Vanguard Total Intl Stock | 0.21% | 49,957 | $3.7M | Add +0.0% |
| APO Apollo Global Management Inc. | 0.21% | 26,715 | $3.6M | Add +66.8% |
| BP BP PLC-Spons ADR | 0.20% | 102,594 | $3.5M | No change |
| ARCC Ares Capital Corp. | 0.18% | 156,211 | $3.2M | Add +0.0% |
| RBLX Roblox Corp. Class A | 0.18% | 22,845 | $3.2M | Reduce -11.9% |
| XLP SS Consumer Staples Sel Sect | 0.18% | 39,309 | $3.1M | Add +16.4% |
| NOW ServiceNow Inc. | 0.17% | 3,234 | $3.0M | Add +0.2% |
| VT Vanguard Tot World STK ETF | 0.17% | 21,566 | $3.0M | No change |
| HD Home Depot Inc. | 0.17% | 7,231 | $2.9M | Add +0.8% |
| CVX Chevron Corp. | 0.17% | 18,710 | $2.9M | Add +0.3% |
| QTEC First Trust Nasdq 100 Tech I | 0.16% | 11,888 | $2.7M | No change |
| COST Costco Wholesale Corp. | 0.16% | 2,926 | $2.7M | Reduce -2.8% |
| PH Parker Hannifin Corp. | 0.15% | 3,385 | $2.6M | Add +0.2% |
| AXS Axis Capital Holdings Ltd. | 0.15% | 26,666 | $2.6M | No change |
| XLK SS Technology Select Sector | 0.14% | 8,771 | $2.5M | Add +797.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 3,956 | $2.4M | Add +8.3% |
| VTIP Vanguard Short-Term Tips | 0.14% | 46,632 | $2.4M | No change |
| SHEL Shell PLC-ADR | 0.14% | 32,890 | $2.4M | No change |
| DOV Dover Corp. | 0.13% | 14,000 | $2.3M | No change |
| KO The Coca-Cola Co. | 0.13% | 34,450 | $2.3M | Add +0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.13% | 3 | $2.3M | No change |
| GE General Electric filed as GE AEROSPACE | 0.13% | 7,306 | $2.2M | Add +16.9% |
| MCD McDonald's Corp. | 0.12% | 7,026 | $2.1M | Add +0.5% |
| VEA Vanguard Ftse Developed ETF | 0.12% | 34,851 | $2.1M | Add +1.0% |
| IWD iShares Russell 1000 Value E | 0.12% | 10,159 | $2.1M | Reduce -1.1% |
| AMGN Amgen Inc. | 0.12% | 7,117 | $2.0M | Add +0.5% |
| CAT Caterpillar Inc. | 0.11% | 4,176 | $2.0M | Add +1.0% |
| PFG Principal Financial Group | 0.11% | 22,026 | $1.8M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.10% | 11,599 | $1.8M | Add +1.4% |
| IVW iShares S&P 500 Growth ETF | 0.10% | 14,102 | $1.7M | No change |
| ADP Automatic Data Processing | 0.10% | 5,754 | $1.7M | Reduce -4.8% |
| MLAB Mesa Laboratories Inc. | 0.10% | 25,195 | $1.7M | No change |
| CBRE CBRE Group Inc. Class A | 0.09% | 10,402 | $1.6M | No change |
| NVDA Nvidia Corp. | 0.09% | 8,670 | $1.6M | Add +21.4% |
| AON Aon PLC Class A | 0.09% | 4,390 | $1.6M | Add +0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.09% | 8,092 | $1.5M | New |
| VWO Vanguard Ftse Emerging Marke | 0.09% | 27,773 | $1.5M | Add +0.0% |
| WFC Wells Fargo & Co. | 0.09% | 17,633 | $1.5M | Add +1.3% |
| SHOP Shopify Inc. Class A | 0.08% | 9,900 | $1.5M | Add +13.4% |
| MP MP Materials Corp. | 0.08% | 21,353 | $1.4M | Reduce -5.6% |
| CSCO Cisco Systems Inc. | 0.08% | 20,075 | $1.4M | Reduce -1.4% |
| INTC Intel Corp. | 0.08% | 40,283 | $1.4M | Add +0.1% |
| BITB Bitwise Bitcoin ETF | 0.08% | 21,500 | $1.3M | No change |
| SNOW Snowflake Inc. | 0.08% | 5,926 | $1.3M | No change |
| IVE iShares S&P 500 Value ETF | 0.08% | 6,352 | $1.3M | No change |
| CMI Cummins Inc. | 0.07% | 3,077 | $1.3M | Add +0.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.07% | 14,794 | $1.3M | Add +19.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.07% | 5,030 | $1.3M | Reduce -13.6% |
| LLY Eli Lilly & Co. | 0.07% | 1,640 | $1.3M | Add +2.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.07% | 10,904 | $1.2M | Add +0.4% |
| SOC Sable Offshore Corp. | 0.07% | 69,842 | $1.2M | No change |
| BA The Boeing Co. | 0.07% | 5,650 | $1.2M | Reduce -12.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $42K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 11,291 | $42K | No change |
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q2 2025 → Q3 2025
| HAYW Hayward Holdings Inc. | Sold out | 0.00% | −3.94 |
| PM Philip Morris International | Reduce -2.8% | 1.30% | −0.32 |
| KKR KKR & Co. Inc. | Reduce -7.4% | 1.59% | −0.31 |
| XLV SS Health Care Select Sector | Reduce -72.3% | 0.06% | −0.17 |
| VOO Vanguard S&P 500 ETF | Reduce -5.6% | 1.93% | −0.12 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.09 |
| RSP Invesco S&P 500 Equal Weight | Reduce -2.0% | 1.39% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 0.56% | −0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -10.0% | 0.36% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 0.16% | −0.03 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -0.9% | 0.30% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -4.8% | 0.54% | −0.02 |
| ADP Automatic Data Processing | Reduce -4.8% | 0.10% | −0.02 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.02 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.02 |
| WMT Walmart Inc. | Reduce -1.0% | 0.46% | −0.02 |
| BXSL Blackstone Secured Lending F | Reduce -2.3% | 0.05% | −0.02 |
| BA The Boeing Co. | Reduce -12.0% | 0.07% | −0.01 |
| PWB Invesco Large Cap Growth ETF | Sold out | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -0.0% | 7.31% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -13.6% | 0.07% | −0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -3.7% | 0.31% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -1.4% | 0.08% | −0.01 |
| URTH iShares MSCI World ETF | Reduce -2.3% | 0.23% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -0.2% | 0.02% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -1.1% | 0.12% | −0.01 |
| BMVP Invesco Bloomberg MVP Multi- | Reduce -20.1% | 0.01% | −0.00 |
| ADBE Adobe Inc. | Reduce -1.0% | 0.01% | −0.00 |
| NVS Novartis AG-Sponsored ADR | Reduce -8.7% | 0.02% | −0.00 |
| XLE SS Energy Select Sector | Reduce -2.4% | 0.03% | −0.00 |
| DVY iShares Select Dividend ETF | Reduce -3.2% | 0.03% | −0.00 |
| USHY iShares Broad Usd High Yield | Reduce -3.6% | 0.01% | −0.00 |
| PEP Pepsico Inc. | Reduce -2.1% | 0.02% | −0.00 |
| CMTG Claros Mortgage Trust Inc. | Reduce -15.0% | 0.00% | −0.00 |
| UNH Unitedhealth Group Inc. | Reduce -0.7% | 0.02% | +0.00 |
| EEMA iShares MSCI Emerg MRKT Asia | Reduce -0.2% | 0.02% | +0.00 |
| NEM Newmont Corp. | Reduce -21.0% | 0.02% | +0.00 |
| IWM iShares Russell 2000 ETF | Reduce -0.1% | 0.04% | +0.00 |
| RBLX Roblox Corp. Class A | Reduce -11.9% | 0.18% | +0.01 |
| MP MP Materials Corp. | Reduce -5.6% | 0.08% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -12.4% | 1.21% | +0.13 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 0.83% | +0.17 |
| AAPL Apple Inc. | Reduce -0.0% | 3.15% | +0.41 |
Portfolio Buys Q2 2025 → Q3 2025
| ILOW AB Internal Low Volat Eq ETF | Add +65.0% | 8.92% | +3.21 |
| LPRE Long Pond Real Estat Sel ETF | Add +404.8% | 0.89% | +0.70 |
| GLD SPDR Gold Shares | Add +195.3% | 0.91% | +0.63 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.7% | 39.09% | +0.21 |
| IYW iShares Ustechnology ETF | Add +61.9% | 0.35% | +0.14 |
| XLK SS Technology Select Sector | Add +797.8% | 0.14% | +0.13 |
| ABBV Abbvie Inc. | Add +0.1% | 0.73% | +0.10 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.09% | +0.09 |
| VFH Vanguard Financials ETF | New | 0.07% | +0.07 |
| APO Apollo Global Management Inc. | Add +66.8% | 0.21% | +0.06 |
| VCR Vanguard Consumer Discre ETF | New | 0.05% | +0.05 |
| VOX Vanguard Communication Servi | Add +122.4% | 0.07% | +0.04 |
| JNJ Johnson & Johnson | Add +0.5% | 0.32% | +0.04 |
| ETHA iShares Ethereum Trust ETF | New | 0.04% | +0.04 |
| EZU iShares MSCI Eurozone ETF | New | 0.03% | +0.03 |
| HUT Hut 8 Corp. | New | 0.03% | +0.03 |
| IBIT iShares Bitcoin Trust ETF | Add +16.2% | 0.25% | +0.03 |
| VIS Vanguard Industrials ETF | New | 0.03% | +0.03 |
| DDOG Datadog Inc. Class A | New | 0.03% | +0.03 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +2.9% | 0.30% | +0.03 |
| SLDP Solid Power Inc. | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.03% | +0.03 |
| LION Lionsgate Studios Corp. | New | 0.03% | +0.03 |
| GE General Electric | Add +16.9% | 0.13% | +0.03 |
| EWJ iShares MSCI Japan ETF | Add +194.1% | 0.04% | +0.03 |
| CYBR Cyberark Software Ltd./Israel | New | 0.02% | +0.02 |
| NVDA Nvidia Corp. | Add +21.4% | 0.09% | +0.02 |
| XLI SS Industrial Select Sector | New | 0.02% | +0.02 |
| RACE Ferrari NV | New | 0.02% | +0.02 |
| SHOP Shopify Inc. Class A | Add +13.4% | 0.08% | +0.02 |
| INTC Intel Corp. | Add +0.1% | 0.08% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.02% | +0.02 |
| IEMG iShares Core MSCI Emerging | New | 0.02% | +0.02 |
| NEAR iShares SH Dba ETF Usd Inc. | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +0.5% | 0.42% | +0.02 |
| TLT iShares 20+ Year Treasury BD | New | 0.02% | +0.02 |
| MO Altria Group Inc. | Add +0.1% | 0.41% | +0.02 |
| VUSB Vanguard Ultra Short Bond Et | New | 0.02% | +0.02 |
| XLC SS Comm Select Sector SPDR | New | 0.02% | +0.02 |
| VDE Vanguard Energy ETF | New | 0.02% | +0.02 |
| IJK iShares S&P Mid-Cap 400 Grow | New | 0.02% | +0.02 |
| SE Sea Ltd.-ADR | New | 0.02% | +0.02 |
| IJJ iShares S&P Mid-Cap 400 Valu | New | 0.01% | +0.01 |
| CAT Caterpillar Inc. | Add +1.0% | 0.11% | +0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.01% | +0.01 |
| EMBJ Embraer SA-Spon ADR | New | 0.01% | +0.01 |
| EWU iShares MSCI United Kingdom | New | 0.01% | +0.01 |
| MINT PIMCO Enhanced Short Maturit | New | 0.01% | +0.01 |
| FTSM First Trust Enh Short Mat FD | New | 0.01% | +0.01 |
| IJT iShares S&P Small-Cap 600 GR | New | 0.01% | +0.01 |
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 |