BBR Partners, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), BBR Partners, LLC reported 266 stock positions worth $1.9 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 38.3% of the portfolio, followed by AB Internal Low Volat Eq ETF (ILOW, 9.7%) and iShares Core S&P 500 ETF (IVV, 6.8%). Compared with Q3 2025, it opened 22 new positions, sold out of 25, added to 62 and reduced 87. The biggest buy was AB Internal Low Volat Eq ETF (ILOW, shares +17%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −2%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001352467
Portfolio Value
$1.9B (Q4 2025)
SEC Filing
0001352467-26-000001 ↗ filed Feb 11, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.9B $1.9B Q4 2025 Q1 2026: $1.8B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 266 stocks · $1.9B
SPY SS SPDR S&P 500 ETF Trust-US 38.26% 1,045,576 $713.0M Add +2.7%
ILOW AB Internal Low Volat Eq ETF filed as AB ACTIVE ETFS INC 9.74% 4,263,472 $181.6M Add +17.2%
IVV iShares Core S&P 500 ETF 6.84% 186,242 $127.6M Reduce -1.7%
UPS United Parcel Service Class B 4.01% 754,275 $74.8M Reduce -0.3%
AAPL Apple Inc. 3.35% 229,592 $62.4M Add +7.0%
MSFT Microsoft Corp. 2.00% 77,160 $37.3M Add +0.6%
VTI VG Morningstar TS MKT ETF-US 1.92% 106,707 $35.8M Add +0.0%
VOO Vanguard S&P 500 ETF 1.69% 50,304 $31.5M Reduce -8.0%
GOOGL Alphabet Inc. Class A 1.45% 86,047 $26.9M Reduce -0.6%
KKR KKR & Co. Inc. 1.44% 210,845 $26.9M Reduce -0.9%
LPRE Long Pond Real Estat Sel ETF 1.36% 946,211 $25.3M Add +58.6%
VGT Vanguard Info Tech ETF 1.29% 31,981 $24.1M No change
RSP Invesco S&P 500 Equal Weight 1.28% 124,113 $23.8M Reduce -2.5%
PM Philip Morris International 1.19% 138,678 $22.2M Add +0.0%
GOOG Alphabet Inc. Class C 1.01% 60,090 $18.9M Add +1.3%
GLD SPDR Gold Shares 0.93% 43,780 $17.4M Reduce -1.7%
ABBV Abbvie Inc. 0.67% 54,246 $12.4M Reduce -0.1%
ITOT iShares Core S&P Total U.S. 0.57% 71,285 $10.6M New
AMZN Amazon.com Inc. 0.56% 45,419 $10.5M Add +3.3%
ASHR Xtrackers Harvest Csi 300 CH 0.53% 299,180 $9.8M Add +0.1%
DGRO iShares Core Dividend Growth 0.52% 138,391 $9.6M Add +0.4%
JPM JPMorgan Chase & Co. 0.51% 29,556 $9.5M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.50% 18,408 $9.3M Add +5.3%
XOM Exxon Mobil Corp. 0.48% 73,926 $8.9M Reduce -0.5%
WMT Walmart Inc. 0.47% 77,924 $8.7M Reduce -0.3%
IYW iShares Ustechnology ETF 0.44% 41,173 $8.2M Add +33.9%
GS Goldman Sachs Group Inc. 0.43% 9,210 $8.1M Add +1.4%
ABT Abbott Laboratories 0.37% 54,878 $6.9M Reduce -0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.36% 23,044 $6.7M Add +7.5%
JNJ Johnson & Johnson 0.34% 30,596 $6.3M Add +3.2%
MO Altria Group Inc. 0.33% 107,765 $6.2M Reduce -0.1%
VEU Vanguard Ftse All-World Ex-U 0.33% 83,740 $6.2M Reduce -0.4%
ACWI iShares MSCI Acwi ETF 0.32% 41,566 $5.9M Add +0.0%
DSI iShares ESG MSCI KLD 400 ETF 0.29% 42,474 $5.5M Reduce -0.5%
MA Mastercard Inc. Class A 0.29% 9,505 $5.4M Add +3.2%
IWF iShares Russell 1000 Growth 0.28% 11,183 $5.3M Add +4.3%
IBIT iShares Bitcoin Trust ETF 0.27% 102,136 $5.1M Add +50.2%
AMAT Applied Materials Inc. 0.26% 19,134 $4.9M Reduce -0.4%
OEF iShares S&P 100 ETF 0.25% 13,441 $4.6M No change
UNP Union Pacific Corp. 0.24% 19,488 $4.5M Reduce -0.1%
VT Vanguard Tot World STK ETF 0.24% 31,906 $4.5M Add +48.0%
DFAT Dimensional US Target Value 0.24% 74,746 $4.5M No change
MDLZ Mondelez International Inc. Class A 0.23% 81,059 $4.4M Reduce -0.1%
URTH iShares MSCI World ETF 0.22% 22,440 $4.2M Add +0.0%
HOOD Robinhood Markets Inc. Class A 0.22% 36,676 $4.1M New
META Meta Platforms Inc. Class A 0.22% 6,089 $4.0M Reduce -11.7%
V Visa Inc. Class A 0.21% 11,314 $4.0M Add +4.5%
IQLT iShares MSCI International Q 0.21% 85,430 $3.9M Add +0.5%
VXUS Vanguard Total Intl Stock 0.20% 50,027 $3.8M Add +0.1%
ABNB Airbnb Inc. Class A 0.19% 26,594 $3.6M New
APO Apollo Global Management Inc. 0.19% 24,855 $3.6M Reduce -7.0%
KMI Kinder Morgan Inc. 0.19% 130,759 $3.6M Reduce -0.1%
BP BP PLC-Spons ADR 0.19% 102,594 $3.6M No change
DMRC Digimarc Corp. 0.18% 517,299 $3.4M No change
IWN iShares Russell 2000 Value E 0.18% 18,449 $3.3M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.18% 195,689 $3.3M Reduce -39.8%
XLK SS Technology Select Sector 0.17% 22,453 $3.2M Add +28.0%
ARCC Ares Capital Corp. 0.17% 156,217 $3.2M Add +0.0%
PH Parker Hannifin Corp. 0.16% 3,378 $3.0M Reduce -0.2%
IWO iShares Russell 2000 Growth 0.16% 9,163 $3.0M New
AXS Axis Capital Holdings Ltd. 0.15% 26,666 $2.9M No change
CVX Chevron Corp. 0.15% 18,571 $2.8M Reduce -0.7%
QTEC First Trust Nasdq 100 Tech I 0.15% 11,888 $2.7M No change
DOV Dover Corp. 0.15% 14,000 $2.7M No change
XLP SS Consumer Staples Sel Sect 0.14% 34,780 $2.7M Reduce -11.5%
NOW ServiceNow Inc. 0.14% 16,560 $2.5M Add +2.4%
KO The Coca-Cola Co. 0.13% 35,900 $2.5M Add +4.2%
COST Costco Wholesale Corp. 0.13% 2,908 $2.5M Reduce -0.6%
QQQ Invesco QQQ Trust Series 1 0.13% 4,079 $2.5M Add +3.1%
HD Home Depot Inc. 0.13% 7,177 $2.5M Reduce -0.8%
SHEL Shell PLC-ADR 0.13% 32,890 $2.4M No change
CAT Caterpillar Inc. 0.13% 4,136 $2.4M Reduce -1.0%
GE General Electric filed as GE AEROSPACE 0.13% 7,636 $2.4M Add +4.5%
MCD McDonald's Corp. 0.12% 7,591 $2.3M Add +8.0%
AMGN Amgen Inc. 0.12% 7,085 $2.3M Reduce -0.5%
VEA Vanguard Ftse Developed ETF 0.12% 37,057 $2.3M Add +6.3%
VTIP Vanguard Short-Term Tips 0.12% 46,632 $2.3M No change
BRK.A Berkshire Hathaway Inc. Class A 0.12% 3 $2.3M No change
IWD iShares Russell 1000 Value E 0.11% 10,159 $2.1M No change
MLAB Mesa Laboratories Inc. 0.11% 25,195 $2.0M No change
NVDA Nvidia Corp. 0.11% 10,586 $2.0M Add +22.1%
PFG Principal Financial Group 0.10% 22,001 $1.9M Reduce -0.1%
RBLX Roblox Corp. Class A 0.10% 22,845 $1.9M No change
IVW iShares S&P 500 Growth ETF 0.10% 14,574 $1.8M Add +3.4%
LLY Eli Lilly & Co. 0.09% 1,629 $1.8M Reduce -0.7%
CBRE CBRE Group Inc. Class A 0.09% 10,402 $1.7M No change
PG The Procter & Gamble Co. 0.09% 11,446 $1.6M Reduce -1.3%
WFC Wells Fargo & Co. 0.09% 17,411 $1.6M Reduce -1.3%
JSCP JPMorgan Short Duration Core 0.09% 33,530 $1.6M New
BX Blackstone Inc. 0.08% 10,162 $1.6M Add +266.9%
CMI Cummins Inc. 0.08% 3,060 $1.6M Reduce -0.6%
INTC Intel Corp. 0.08% 42,232 $1.6M Add +4.8%
AON Aon PLC Class A 0.08% 4,381 $1.5M Reduce -0.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.08% 8,092 $1.5M No change
CSCO Cisco Systems Inc. 0.08% 19,997 $1.5M Reduce -0.4%
ADP Automatic Data Processing 0.08% 5,737 $1.5M Reduce -0.3%
AGG iShares Core U.S. Aggregate 0.08% 14,735 $1.5M Add +23.3%
XLV SS Health Care Select Sector 0.07% 8,863 $1.4M Add +14.8%
IVE iShares S&P 500 Value ETF 0.07% 6,352 $1.3M No change
SHOP Shopify Inc. Class A 0.07% 8,352 $1.3M Reduce -15.6%
SNOW Snowflake Inc. 0.07% 5,926 $1.3M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 4,176 $1.2M Reduce -0.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 10,864 $1.2M Reduce -0.4%
RTX RTX Corp. 0.07% 6,719 $1.2M Reduce -1.8%
BA The Boeing Co. 0.07% 5,629 $1.2M Reduce -0.4%
NOBL Proshares S&P 500 Dividend A 0.07% 11,675 $1.2M No change
VB Vanguard Most SM-Cap ETF-Usd 0.06% 4,524 $1.2M Reduce -10.1%
GEV GE Vernova Inc. 0.06% 1,767 $1.2M Add +12.1%
BLK BlackRock Inc. 0.06% 1,065 $1.1M Add +20.8%
TOST Toast Inc. Class A 0.06% 31,899 $1.1M Add +6.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.06% 26,410 $1.1M Reduce -10.7%
MP MP Materials Corp. 0.06% 21,278 $1.1M Reduce -0.3%
BITB Bitwise Bitcoin ETF 0.05% 21,500 $1.0M No change
AVGO Broadcom Inc. 0.05% 2,724 $943K Add +12.1%
AMLP Alerian MLP ETF 0.05% 19,739 $928K No change
IQV Iqvia Holdings Inc. 0.05% 4,105 $925K Reduce -0.1%
NEE Nextera Energy Inc. 0.05% 11,358 $912K Reduce -0.7%
MRK Merck & Co. Inc. 0.05% 8,583 $903K Reduce -0.9%
BXSL Blackstone Secured Lending F 0.05% 33,532 $883K No change
VFH Vanguard Financials ETF 0.05% 6,530 $872K Reduce -28.7%
GRAL Grail Inc. 0.05% 10,001 $856K No change
CRCL Circle Internet Group Inc. 0.05% 10,747 $852K New
VUG Vanguard Mrngstar GR ETF-Sui 0.05% 1,740 $849K Add +8.3%
AFRM Affirm Holdings Inc. 0.05% 11,366 $846K No change
SMMD iShares Russell 2500 ETF 0.05% 11,206 $840K No change
CWI State Street SPDR MSCI Acwi 0.04% 23,341 $838K No change
CART Maplebear Inc. 0.04% 16,897 $760K No change
VEEV Veeva Systems Inc. Class A 0.04% 3,386 $756K Add +42.3%
PANW Palo Alto Networks Inc. 0.04% 4,057 $747K Reduce -4.0%
SPOT Spotify Technology SA 0.04% 1,277 $742K Reduce -23.4%
HUT Hut 8 Corp. 0.04% 16,085 $739K No change
VWO Vanguard Ftse Emerging Marke 0.04% 13,665 $735K Reduce -50.8%
NTRS Northern Trust Corp. 0.04% 5,354 $731K Reduce -0.3%
KHC The Kraft Heinz Co. 0.04% 28,609 $694K Add +0.0%
PFE Pfizer Inc. 0.04% 27,078 $674K Reduce -0.7%
IWM iShares Russell 2000 ETF 0.04% 2,722 $670K Reduce -6.8%
EWJ iShares MSCI Japan ETF 0.04% 8,204 $662K Reduce -0.4%
EZU iShares MSCI Eurozone ETF 0.04% 10,238 $656K Add +8.3%
LION Lionsgate Studios Corp. 0.03% 70,984 $648K No change
ALB Albemarle Corp. 0.03% 4,573 $647K Reduce -0.4%
FHN First Horizon Corp. 0.03% 26,727 $639K No change
HST Host Hotels & Resorts Inc. 0.03% 35,002 $621K No change
BINC iShares Flex I A ETF-Usd Inc. 0.03% 11,705 $618K New
U Unity Software Inc. 0.03% 13,917 $615K Reduce -0.5%
XLE SS Energy Select Sector 0.03% 13,702 $613K Add +8.8%
EPD Enterprise Products Partners 0.03% 18,835 $604K Add +21.5%
UBER Uber Technologies Inc. 0.03% 7,383 $603K Add +8.4%
XLI SS Industrial Select Sector 0.03% 3,866 $600K Add +49.3%
XLF SS Financial Select Sector 0.03% 10,833 $593K Add +121.2%
FEZ State Street SPDR Euro Stoxx 0.03% 9,108 $586K No change
QUAL iShares MSCI USA Quality Fac 0.03% 2,944 $585K Add +11.4%
ACEL Accel Entertainment Inc. 0.03% 49,606 $566K No change
CVMC Calvert US Mcap Core Resp 0.03% 8,796 $564K No change
H Hyatt Hotels Corp. Class A 0.03% 3,500 $561K No change
VOX Vanguard Communication Servi 0.03% 2,876 $557K Reduce -55.0%
VIS Vanguard Industrials ETF 0.03% 1,861 $555K No change
DVY iShares Select Dividend ETF 0.03% 3,926 $554K No change
VTWO Vanguard Russell 2000 ETF 0.03% 5,539 $551K New
HUM Humana Inc. 0.03% 2,127 $545K No change
TSLA Tesla Inc. 0.03% 1,199 $539K Add +13.2%
IONQ Ionq Inc. 0.03% 11,956 $536K No change
AEVA Aeva Technologies Inc. 0.03% 40,010 $531K No change
NBN Northeast Bank 0.03% 5,000 $520K No change
STT State Street Corp. 0.03% 3,900 $503K No change
SCHW Schwab (charles) Corp. 0.03% 5,003 $500K Reduce -1.0%
XLY SS Consumer Disc Select Sect 0.03% 4,146 $495K Add +88.8%
TWLO Twilio Inc. Class A 0.03% 3,420 $486K Reduce -1.6%
BMY Bristol-Myers Squibb Co. 0.03% 8,890 $480K Reduce -0.5%
AXP American Express Co. 0.03% 1,258 $465K Reduce -1.6%
BN Brookfield Corp. 0.02% 10,125 $465K No change
PEP Pepsico Inc. 0.02% 3,164 $454K Add +6.9%
SOC Sable Offshore Corp. 0.02% 49,842 $450K Reduce -28.6%
FIS Fidelity National Info Serv 0.02% 6,709 $446K No change
ETHA iShares Ethereum Trust ETF 0.02% 19,662 $441K No change
KMB Kimberly-Clark Corp. 0.02% 4,335 $437K Reduce -0.1%
DMLP Dorchester Minerals LP 0.02% 19,456 $435K No change
SMH Vaneck Semiconductor ETF 0.02% 1,187 $427K New
VONE Vanguard Russell 1000 0.02% 1,373 $424K New
LOCL Local Bounti Corp. 0.02% 194,696 $417K No change
WBD Warner Bros Discovery Inc. 0.02% 14,290 $412K No change
IRDM Iridium Communications Inc. 0.02% 22,809 $396K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 7,163 $394K Reduce -14.2%
CMCSA Comcast Corp. Class A 0.02% 13,036 $390K No change
FNF Fidelity National Financial 0.02% 7,121 $389K No change
DFAC Dimensional US Core Equity 2 0.02% 9,709 $384K Add +0.2%
IEFA iShares Core MSCI Eafe ETF 0.02% 4,283 $383K No change
VZ Verizon Communications Inc. 0.02% 9,357 $381K Reduce -1.1%
KVYO Klaviyo Inc. Class A 0.02% 11,584 $376K New
IEMG iShares Core MSCI Emerging 0.02% 5,426 $365K No change
MMM 3M Co. 0.02% 2,273 $364K No change
BBU Brookfield Business PT-Unit 0.02% 10,277 $362K No change
TEAM Atlassian Corp. Class A 0.02% 2,229 $361K No change
EEMA iShares MSCI Emerg MRKT Asia 0.02% 3,802 $357K Reduce -2.2%
LMT Lockheed Martin Corp. 0.02% 738 $357K Reduce -1.3%
DHI D.R. Horton Inc. 0.02% 2,468 $355K Reduce -2.0%
RSG Republic Services Inc. 0.02% 1,650 $350K No change
PSA Public Storage 0.02% 1,344 $349K Reduce -0.5%
IGV iShares Expanded Tech-Softwa 0.02% 3,267 $345K New
EFA iShares MSCI Eafe ETF 0.02% 3,546 $341K Add +4.0%
CVNA Carvana Co. 0.02% 787 $332K New
LNG Cheniere Energy Inc. 0.02% 1,698 $330K No change
VIG Vanguard Dividend Apprec ETF 0.02% 1,501 $330K No change
ORCL Oracle Corp. 0.02% 1,686 $329K Reduce -3.7%
ASML ASML Holding NV-NY Reg SHS 0.02% 304 $325K No change
NVS Novartis AG-Sponsored ADR 0.02% 2,343 $323K No change
FDN First Trust DJ Internet Ind 0.02% 1,200 $323K No change
ACWX iShares MSCI Acwi Ex US ETF 0.02% 4,793 $322K Reduce -1.3%
SLDP Solid Power Inc. 0.02% 75,157 $319K Reduce -49.1%
MUB iShares National Muni Bond E 0.02% 2,958 $317K Add +3.1%
NKE Nike Inc. Class B 0.02% 4,924 $314K Add +6.1%
GLP Global Partners LP 0.02% 7,250 $303K No change
EFX Equifax Inc. 0.02% 1,333 $289K No change
MELI MercadoLibre Inc. 0.02% 142 $286K Reduce -49.3%
GSEW Goldman Sachs Eql WGHT Large 0.02% 3,344 $285K No change
UNH Unitedhealth Group Inc. 0.01% 849 $280K Reduce -3.7%
CPT Camden Property Trust 0.01% 2,487 $274K No change
IJK iShares S&P Mid-Cap 400 Grow 0.01% 2,800 $271K No change
GRND Grindr Inc. 0.01% 20,000 $271K New
AMT American Tower Corp. 0.01% 1,541 $271K New
VDE Vanguard Energy ETF 0.01% 2,147 $270K No change
GVI iShares Intermediate Governm 0.01% 2,506 $269K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.01% 2,000 $263K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.01% 834 $263K No change
MTUM iShares MSCI USA Momentum Fa 0.01% 1,045 $262K No change
SAP Sap SE-Sponsored ADR 0.01% 1,063 $258K Reduce -50.2%
GSLC Goldman Activebeta US LC ETF 0.01% 1,936 $256K No change
NEM Newmont Corp. 0.01% 2,548 $254K Reduce -26.6%
NFLX Netflix Inc. 0.01% 2,700 $253K Reduce -7.2%
EWU iShares MSCI United Kingdom 0.01% 5,723 $252K No change
MAR Marriott International Class A 0.01% 808 $251K Reduce -3.9%
QCOM Qualcomm Inc. 0.01% 1,423 $243K New
DHR Danaher Corp. 0.01% 1,062 $243K Reduce -3.0%
SLB SLB Ltd. filed as SLB LIMITED 0.01% 6,260 $240K Reduce -1.5%
EWC iShares MSCI Canada ETF 0.01% 4,427 $239K No change
IJR iShares Core S&P Small-Cap E 0.01% 1,961 $236K New
CHD Church & Dwight Co. Inc. 0.01% 2,786 $234K No change
IJS iShares S&P Small-Cap 600 Va 0.01% 2,000 $227K No change
IJT iShares S&P Small-Cap 600 GR 0.01% 1,600 $226K No change
RAMP Liveramp Holdings Inc. 0.01% 7,500 $220K No change
HSY The Hershey Co. 0.01% 1,204 $219K New
DT Dynatrace Inc. 0.01% 5,000 $217K Reduce -1.3%
CHTR Charter Communications Inc. Class A 0.01% 1,034 $216K No change
XLC SS Comm Select Sector SPDR 0.01% 1,827 $215K Reduce -20.6%
ADBE Adobe Inc. 0.01% 606 $212K Reduce -2.3%
SYY Sysco Corp. 0.01% 2,871 $212K No change
BSVO EA Bridgeway Omni Sm-Cp Val 0.01% 9,045 $211K No change
IWB iShares Russell 1000 ETF 0.01% 564 $211K No change
LYEL Lyell Immunopharma Inc. 0.01% 6,834 $210K New
SYK Stryker Corp. 0.01% 595 $209K Add +1.7%
AMD Advanced Micro Devices 0.01% 970 $208K New
EMR Emerson Electric Co. 0.01% 1,552 $206K Reduce -4.0%
PHM Pultegroup Inc. 0.01% 1,738 $204K Add +3.0%
SHAK Shake Shack Inc. Class A 0.01% 2,500 $203K No change
MLKN Millerknoll Inc. 0.01% 10,402 $190K No change
ACHR Archer Aviation Inc. Class A 0.01% 25,000 $188K No change
HUDSON PAC PPTYS INC 0.01% 16,428 $178K Reduce -85.7%
OBDC Blue Owl Capital Corp. 0.01% 10,305 $128K No change
LBTYA Liberty Global Ltd. Class A 0.01% 10,000 $111K No change
LFST Lifestance Health Group Inc. 0.00% 12,873 $91K No change
MGX Metagenomi Therapeutics Inc. 0.00% 53,403 $87K No change
MRT Marti Technologies Inc. 0.00% 35,000 $83K No change
DCGO Docgo Inc. 0.00% 85,804 $75K No change
CMTG Claros Mortgage Trust Inc. 0.00% 17,000 $52K No change
SMRT Smartrent Inc. 0.00% 21,551 $44K No change
ALLO Allogene Therapeutics Inc. 0.00% 28,952 $40K No change
OABI Omniab Inc. 0.00% 20,000 $37K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $30K (not counted above)
SecurityClassShares / PrincipalValueChange
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 11,291$30KNo change

Total filed on the 13F, all lines: $1.9B.

Portfolio Sells Q3 2025 → Q4 2025
IVV iShares Core S&P 500 ETF Reduce -1.7% 6.84% −0.46
VOO Vanguard S&P 500 ETF Reduce -8.0% 1.69% −0.24
KKR KKR & Co. Inc. Reduce -0.9% 1.44% −0.15
NU Nu Holdings Ltd./Cayman Isl-A Reduce -39.8% 0.18% −0.12
RSP Invesco S&P 500 Equal Weight Reduce -2.5% 1.28% −0.12
MO Altria Group Inc. Reduce -0.1% 0.33% −0.08
META Meta Platforms Inc. Class A Reduce -11.7% 0.22% −0.08
ABBV Abbvie Inc. Reduce -0.1% 0.67% −0.06
MDLZ Mondelez International Inc. Class A Reduce -0.1% 0.23% −0.06
ABT Abbott Laboratories Reduce -0.2% 0.37% −0.06
VCR Vanguard Consumer Discre ETF Sold out 0.00% −0.05
VWO Vanguard Ftse Emerging Marke Reduce -50.8% 0.04% −0.05
SOC Sable Offshore Corp. Reduce -28.6% 0.02% −0.05
TRML Tourmaline Bio Inc. Sold out 0.00% −0.04
VOX Vanguard Communication Servi Reduce -55.0% 0.03% −0.04
HD Home Depot Inc. Reduce -0.8% 0.13% −0.04
XLP SS Consumer Staples Sel Sect Reduce -11.5% 0.14% −0.03
DDOG Datadog Inc. Class A Sold out 0.00% −0.03
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.03
JPM JPMorgan Chase & Co. Reduce -0.4% 0.51% −0.03
SPOT Spotify Technology SA Reduce -23.4% 0.04% −0.03
MP MP Materials Corp. Reduce -0.3% 0.06% −0.02
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.02
UNP Union Pacific Corp. Reduce -0.1% 0.24% −0.02
RACE Ferrari NV Sold out 0.00% −0.02
VFH Vanguard Financials ETF Reduce -28.7% 0.05% −0.02
MELI MercadoLibre Inc. Reduce -49.3% 0.02% −0.02
PCG P G & E Corp. Sold out 0.00% −0.02
COST Costco Wholesale Corp. Reduce -0.6% 0.13% −0.02
KMI Kinder Morgan Inc. Reduce -0.1% 0.19% −0.02
NEAR iShares SH Dba ETF Usd Inc. Sold out 0.00% −0.02
SAP Sap SE-Sponsored ADR Reduce -50.2% 0.01% −0.02
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.02
ADP Automatic Data Processing Reduce -0.3% 0.08% −0.02
VUSB Vanguard Ultra Short Bond Et Sold out 0.00% −0.02
DSI iShares ESG MSCI KLD 400 ETF Reduce -0.5% 0.29% −0.02
CVX Chevron Corp. Reduce -0.7% 0.15% −0.02
SE Sea Ltd.-ADR Sold out 0.00% −0.02
VEU Vanguard Ftse All-World Ex-U Reduce -0.4% 0.33% −0.02
LUCK Lucky Strike Entertainment C Sold out 0.00% −0.01
PG The Procter & Gamble Co. Reduce -1.3% 0.09% −0.01
EMBJ Embraer SA-Spon ADR Sold out 0.00% −0.01
BMVP Invesco Bloomberg MVP Multi- Sold out 0.00% −0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -10.7% 0.06% −0.01
SLG SL Green Realty Corp. Sold out 0.00% −0.01
MINT PIMCO Enhanced Short Maturit Sold out 0.00% −0.01
FTSM First Trust Enh Short Mat FD Sold out 0.00% −0.01
SHOP Shopify Inc. Class A Reduce -15.6% 0.07% −0.01
SLDP Solid Power Inc. Reduce -49.1% 0.02% −0.01
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.01

Portfolio Buys Q3 2025 → Q4 2025
ILOW AB Internal Low Volat Eq ETF Add +17.2% 9.74% +0.82
ITOT iShares Core S&P Total U.S. New 0.57% +0.57
LPRE Long Pond Real Estat Sel ETF Add +58.6% 1.36% +0.46
HOOD Robinhood Markets Inc. Class A New 0.22% +0.22
AAPL Apple Inc. Add +7.0% 3.35% +0.20
ABNB Airbnb Inc. Class A New 0.19% +0.19
IWN iShares Russell 2000 Value E New 0.18% +0.18
GOOG Alphabet Inc. Class C Add +1.3% 1.01% +0.18
IWO iShares Russell 2000 Growth New 0.16% +0.16
IYW iShares Ustechnology ETF Add +33.9% 0.44% +0.09
JSCP JPMorgan Short Duration Core New 0.09% +0.09
VT Vanguard Tot World STK ETF Add +48.0% 0.24% +0.07
BX Blackstone Inc. Add +266.9% 0.08% +0.06
CRCL Circle Internet Group Inc. New 0.05% +0.05
BINC iShares Flex I A ETF-Usd Inc. New 0.03% +0.03
XLK SS Technology Select Sector Add +28.0% 0.17% +0.03
VTWO Vanguard Russell 2000 ETF New 0.03% +0.03
SMH Vaneck Semiconductor ETF New 0.02% +0.02
JNJ Johnson & Johnson Add +3.2% 0.34% +0.02
VONE Vanguard Russell 1000 New 0.02% +0.02
IRDM Iridium Communications Inc. New 0.02% +0.02
KVYO Klaviyo Inc. Class A New 0.02% +0.02
IGV iShares Expanded Tech-Softwa New 0.02% +0.02
CVNA Carvana Co. New 0.02% +0.02
GS Goldman Sachs Group Inc. Add +1.4% 0.43% +0.02
IBIT iShares Bitcoin Trust ETF Add +50.2% 0.27% +0.02
XLF SS Financial Select Sector Add +121.2% 0.03% +0.02
AMT American Tower Corp. New 0.01% +0.01
GRND Grindr Inc. New 0.01% +0.01
QCOM Qualcomm Inc. New 0.01% +0.01
NVDA Nvidia Corp. Add +22.1% 0.11% +0.01
IJR iShares Core S&P Small-Cap E New 0.01% +0.01
HSY The Hershey Co. New 0.01% +0.01
XLV SS Health Care Select Sector Add +14.8% 0.07% +0.01
XLY SS Consumer Disc Select Sect Add +88.8% 0.03% +0.01
LYEL Lyell Immunopharma Inc. New 0.01% +0.01
AMD Advanced Micro Devices New 0.01% +0.01
AGG iShares Core U.S. Aggregate Add +23.3% 0.08% +0.01
XLI SS Industrial Select Sector Add +49.3% 0.03% +0.01
GEV GE Vernova Inc. Add +12.1% 0.06% +0.01
AMZN Amazon.com Inc. Add +3.3% 0.56% +0.01
INTC Intel Corp. Add +4.8% 0.08% +0.01
EPD Enterprise Products Partners Add +21.5% 0.03% +0.00
AVGO Broadcom Inc. Add +12.1% 0.05% +0.00
VEA Vanguard Ftse Developed ETF Add +6.3% 0.12% +0.00
KO The Coca-Cola Co. Add +4.2% 0.13% +0.00
BLK BlackRock Inc. Add +20.8% 0.06% +0.00
TSLA Tesla Inc. Add +13.2% 0.03% +0.00
QUAL iShares MSCI USA Quality Fac Add +11.4% 0.03% +0.00
EZU iShares MSCI Eurozone ETF Add +8.3% 0.04% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 250$2.1BSPY, ILOW, IVV, UPS, AAPL
Q1 2026 253$1.8BSPY, ILOW, IVV, UPS, AAPL
Q4 2025 266$1.9BSPY, ILOW, IVV, UPS, AAPL
Q3 2025 269$1.7BSPY, ILOW, IVV, UPS, AAPL
Q2 2025 235$1.6BSPY, IVV, ILOW, UPS, HAYW
Q1 2025 244$1.4BSPY, IVV, KKR, UPS, HAYW
Q4 2024 249$1.4BSPY, IVV, UPS, HAYW, AAPL
Q3 2024 241$1.3BSPY, IVV, UPS, AAPL, VOO
Q2 2024 218$1.2BSPY, IVV, UPS, AAPL, VOO
Q1 2024 253$1.2BSPY, IVV, UPS, VOO, AAPL