Beverly Hills Private Wealth, LLC

Name: Beverly Hills Private Wealth, LLC 13F holdings, Q2 2025
Creator: Beverly Hills Private Wealth, LLC
Published: 2025-07-29

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Beverly Hills Private Wealth, LLC reported 333 stock positions worth $527.3 million. Its top holding was Microsoft (MSFT) at 4.3% of the portfolio, followed by Apple (AAPL, 4.1%) and JPMorgan Chase (JPM, 3.0%). Compared with Q1 2025, it opened 10 new positions, sold out of 10, added to 79 and reduced 221. The biggest buy was Meta Platforms Class A (META, shares +13%) and the biggest sale Apple (AAPL, shares −6%).

Most Recent 13F: Q2 2026
Location: BEVERLY HILLS, CA
CIK: 0001965710
Portfolio Value: $527.3M (Q2 2025)
SEC Filing: 0001085146-25-004273 ↗ filed Jul 29, 2025

Holdings Value

Holdings 333 stocks · $527.3M


MSFT Microsoft Corp.	4.34%	45,972	$22.9M	Reduce -0.2%
AAPL Apple Inc.	4.15%	106,613	$21.9M	Reduce -6.1%
JPM JPMorgan Chase & Co.	2.95%	53,737	$15.6M	Reduce -0.6%
NVDA Nvidia Corp.	2.73%	91,045	$14.4M	Reduce -4.7%
AMZN Amazon.com Inc.	2.47%	59,425	$13.0M	Add +0.4%
BRK.B Berkshire Hathaway Inc. Class B	2.28%	24,714	$12.0M	Reduce -8.5%
META Meta Platforms Inc. Class A	2.10%	15,017	$11.1M	Add +12.9%
PM Philip Morris International	2.08%	60,297	$11.0M	Reduce -11.2%
VGSH Vanguard Short-Term Treasury	1.97%	176,334	$10.4M	Reduce -2.0%
VGIT Vanguard Intermediate-Term T	1.83%	161,758	$9.7M	Reduce -12.0%
SCHW Schwab (charles) Corp.	1.77%	102,503	$9.4M	Add +9.1%
AVGO Broadcom Inc.	1.43%	27,422	$7.6M	Reduce -4.2%
TSM Taiwan Semiconductor-SP ADR	1.26%	29,381	$6.7M	Reduce -0.3%
JAAA Janus Henderson Aaa Clo ETF	1.24%	129,059	$6.5M	Add +29.5%
VZ Verizon Communications Inc.	1.21%	147,820	$6.4M	Add +9.8%
GBIL Goldman Sachs Access Treasur	1.17%	61,577	$6.2M	Reduce -6.2%
ELV Elevance Health Inc.	1.07%	14,546	$5.7M	Add +7.3%
GOOG Alphabet Inc. Class C	0.97%	28,722	$5.1M	Reduce -11.0%
V Visa Inc. Class A	0.96%	14,284	$5.1M	Reduce -6.1%
CBL CBL & Associates Properties	0.92%	191,577	$4.9M	Add +48.1%
GNMA iShares Gnma Bond ETF	0.92%	110,423	$4.9M	Add +11.9%
PEP Pepsico Inc.	0.89%	35,482	$4.7M	Add +6.2%
CMCSA Comcast Corp. Class A	0.85%	126,119	$4.5M	Reduce -14.3%
ACI Albertsons Cos Inc. Class A	0.85%	208,586	$4.5M	Add +6.0%
VMBS Vanguard Mortgage-Backed Sec	0.83%	94,392	$4.4M	Reduce -0.3%
BLK BlackRock Inc.	0.82%	4,100	$4.3M	Add +0.3%
MGM MGM Resorts International	0.80%	123,406	$4.2M	Add +179.0%
KR Kroger Co.	0.79%	58,374	$4.2M	Reduce -19.7%
ALX Alexander's Inc.	0.77%	17,954	$4.0M	Add +170.7%
NWS News Corp. Class B	0.73%	112,846	$3.9M	Add +4.0%
SW Smurfit Westrock PLC	0.73%	89,177	$3.8M	Add +7.3%
JNJ Johnson & Johnson	0.72%	24,983	$3.8M	Reduce -2.1%
IVV iShares Core S&P 500 ETF	0.72%	6,122	$3.8M	Reduce -10.8%
SF Stifel Financial Corp.	0.72%	36,582	$3.8M	Add +5.5%
TXN Texas Instruments Inc.	0.71%	18,040	$3.7M	Reduce -2.8%
CVX Chevron Corp.	0.69%	25,488	$3.6M	Reduce -2.0%
BTT BlackRock 2030 Muni TRGT TRM	0.68%	164,879	$3.6M	Reduce -4.8%
GOOGL Alphabet Inc. Class A	0.67%	19,935	$3.5M	Add +27.4%
DTF DTF Tax-Free Income 2028 Ter	0.66%	313,043	$3.5M	Add +2.3%
MCD McDonald's Corp.	0.66%	11,984	$3.5M	Reduce -0.6%
LOW Lowe's Cos Inc.	0.66%	15,569	$3.5M	Reduce -3.9%
CSCO Cisco Systems Inc.	0.65%	49,115	$3.4M	Reduce -4.3%
UNH Unitedhealth Group Inc.	0.60%	10,141	$3.2M	Reduce -4.8%
AER Aercap Holdings NV	0.60%	27,012	$3.2M	Add +16.4%
EDV Vanguard Extended Dur Treas	0.60%	46,832	$3.2M	Add +19.4%
ET Energy Transfer LP	0.59%	172,696	$3.1M	Add +0.9%
NVO Novo-Nordisk A/S-Spons ADR	0.59%	44,882	$3.1M	Add +3.9%
XOM Exxon Mobil Corp.	0.56%	27,559	$3.0M	Reduce -0.8%
GDX Vaneck Gold Miners ETF	0.54%	55,062	$2.9M	Reduce -0.8%
WMT Walmart Inc.	0.54%	28,989	$2.8M	Reduce -10.7%
PGR Progressive Corp.	0.54%	10,585	$2.8M	Reduce -3.0%
SU Suncor Energy Inc.	0.52%	72,752	$2.7M	Add +6.3%
NSC Norfolk Southern Corp.	0.51%	10,472	$2.7M	Add +16.1%
AIV Apartment Invt & Mgmt Co. Class A	0.49%	299,995	$2.6M	Add +8.8%
ABBV Abbvie Inc.	0.49%	13,781	$2.6M	Add +0.5%
KYN Kayne Anderson Energy Infra	0.47%	195,455	$2.5M	Add +0.1%
AXP American Express Co.	0.47%	7,752	$2.5M	Add +3.3%
APD Air Products & Chemicals Inc.	0.45%	8,383	$2.4M	Reduce -5.4%
LIN Linde PLC	0.45%	5,030	$2.4M	Reduce -5.1%
MA Mastercard Inc. Class A	0.44%	4,149	$2.3M	Reduce -0.9%
SBUX Starbucks Corp.	0.44%	25,272	$2.3M	Reduce -4.8%
CVE Cenovus Energy Inc.	0.42%	162,235	$2.2M	Reduce -4.1%
HPQ HP Inc.	0.42%	89,927	$2.2M	Add +54.8%
NOC Northrop Grumman Corp.	0.42%	4,377	$2.2M	Reduce -5.3%
BRK.A Berkshire Hathaway Inc. Class A	0.41%	3	$2.2M	No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.40%	23,349	$2.1M	Add +25.9%
PAYX Paychex Inc.	0.40%	14,576	$2.1M	Reduce -4.9%
BABA Alibaba Group Holding-SP ADR	0.40%	18,378	$2.1M	Add +5.2%
FAST Fastenal Co.	0.39%	49,283	$2.1M	Reduce -4.4%
PYPL PayPal Holdings Inc.	0.39%	27,631	$2.1M	Reduce -3.1%
MSI Motorola Solutions Inc.	0.38%	4,800	$2.0M	Reduce -5.0%
PHG Koninklijke Philips NVR- NY	0.38%	83,736	$2.0M	Add +5.8%
FIS Fidelity National Info Serv	0.38%	24,398	$2.0M	Reduce -4.7%
ETN Eaton Corp. PLC	0.37%	5,537	$2.0M	Reduce -4.0%
ABT Abbott Laboratories	0.36%	14,079	$1.9M	Reduce -4.1%
DEO Diageo PLC-Sponsored ADR	0.36%	18,676	$1.9M	Reduce -1.4%
PCAR Paccar Inc.	0.35%	19,593	$1.9M	Add +11.9%
WEC WEC Energy Group Inc.	0.35%	17,587	$1.8M	Add +3.2%
MO Altria Group Inc.	0.35%	31,126	$1.8M	Reduce -4.1%
D Dominion Energy Inc.	0.35%	32,266	$1.8M	Add +13.2%
BDX Becton Dickinson and Co.	0.34%	10,392	$1.8M	Add +9.6%
CLIP Global X 1-3 Month T-Bill	0.33%	17,230	$1.7M	Reduce -22.2%
TEL Te Connectivity PLC	0.33%	10,240	$1.7M	Reduce -4.2%
NBXG Neuberger Next Generation Co.	0.33%	117,403	$1.7M	Reduce -0.1%
GLW Corning Inc.	0.32%	32,138	$1.7M	Add +9.4%
NEE Nextera Energy Inc.	0.32%	24,326	$1.7M	Reduce -4.5%
RING iShares MSCI Global Gold Min	0.32%	38,298	$1.7M	Reduce -6.4%
TT Trane Technologies PLC	0.31%	3,794	$1.7M	Reduce -5.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.30%	12,970	$1.6M	Reduce -4.4%
MS Morgan Stanley	0.30%	11,313	$1.6M	Reduce -0.3%
EMBJ Embraer SA-Spon ADR	0.29%	27,199	$1.5M	Reduce -0.3%
ACN Accenture PLC Class A	0.29%	5,120	$1.5M	Reduce -6.9%
MRSH Marsh & McLennan Cos	0.29%	6,945	$1.5M	Reduce -2.8%
SCHR Schwab Intermediate-Term US	0.29%	60,253	$1.5M	Add +33.0%
APH Amphenol Corp. Class A	0.27%	14,641	$1.4M	Reduce -3.5%
GSK GSK PLC-Spon ADR	0.27%	37,562	$1.4M	Add +13.5%
KLAC KLA Corp.	0.27%	1,599	$1.4M	Reduce -3.0%
CB Chubb Ltd.	0.27%	4,909	$1.4M	Add +305.4%
CINF Cincinnati Financial Corp.	0.27%	9,546	$1.4M	Reduce -4.0%
OPY Oppenheimer Holdings Class A	0.26%	21,038	$1.4M	Reduce -27.5%
HON Honeywell International Inc.	0.26%	5,802	$1.4M	Reduce -5.1%
PLD Prologis Inc.	0.26%	12,837	$1.3M	Reduce -3.4%
PKG Packaging Corp. of America	0.25%	7,061	$1.3M	Reduce -5.8%
PLTR Palantir Technologies Inc. Class A	0.25%	9,672	$1.3M	Add +0.2%
INTU Intuit Inc.	0.25%	1,668	$1.3M	Add +6.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.25%	27,623	$1.3M	Reduce -5.7%
GDXJ Vaneck Junior Gold Miners	0.25%	19,310	$1.3M	Add +9.3%
UBS UBS Group AG-Reg	0.24%	38,192	$1.3M	Reduce -10.8%
T AT&T Inc.	0.24%	44,561	$1.3M	Reduce -3.8%
AMT American Tower Corp.	0.23%	5,474	$1.2M	Reduce -4.9%
MDLZ Mondelez International Inc. Class A	0.23%	17,923	$1.2M	Reduce -4.9%
AMAT Applied Materials Inc.	0.23%	6,582	$1.2M	Add +7.6%
SPGI S&P Global Inc.	0.23%	2,278	$1.2M	Reduce -4.9%
SIL Global X Silver Miners ETF	0.22%	24,020	$1.2M	Add +43.1%
CCI Crown Castle Inc.	0.22%	11,100	$1.1M	Reduce -5.7%
MCK McKesson Corp.	0.22%	1,551	$1.1M	Reduce -45.5%
MPC Marathon Petroleum Corp.	0.21%	6,775	$1.1M	Add +0.5%
ARCC Ares Capital Corp.	0.21%	50,584	$1.1M	Reduce -0.7%
COST Costco Wholesale Corp.	0.21%	1,107	$1.1M	Reduce -4.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.21%	3,696	$1.1M	Reduce -10.2%
LLY Eli Lilly & Co.	0.20%	1,376	$1.1M	Reduce -6.5%
VTEB Vanguard Tax-Exempt Bond ETF	0.20%	21,611	$1.1M	No change
NVS Novartis AG-Sponsored ADR	0.20%	8,562	$1.0M	Reduce -1.4%
ZTS Zoetis Inc.	0.19%	6,460	$1.0M	Reduce -6.9%
MAR Marriott International Class A	0.19%	3,667	$1.0M	Add +4.7%
UNP Union Pacific Corp.	0.19%	4,267	$982K	Reduce -3.4%
CAT Caterpillar Inc.	0.19%	2,524	$980K	Reduce -0.3%
ORCL Oracle Corp.	0.18%	4,449	$973K	Reduce -2.9%
ARES Ares Management Corp. Class A	0.18%	5,475	$948K	Add +60.3%
SONY Sony Group Corp. - SP ADR	0.18%	36,325	$946K	Reduce -11.4%
RTX RTX Corp.	0.18%	6,343	$926K	Reduce -8.1%
QCOM Qualcomm Inc.	0.17%	5,549	$884K	Reduce -1.5%
AON Aon PLC Class A	0.17%	2,442	$871K	Add +6.4%
VST Vistra Corp.	0.16%	4,423	$857K	Reduce -14.1%
DFAI Dimensional International Co.	0.16%	24,675	$853K	Reduce -0.4%
EPD Enterprise Products Partners	0.16%	27,343	$848K	Add +0.5%
NFLX Netflix Inc.	0.16%	616	$825K	Add +16.4%
ENB Enbridge Inc.	0.15%	17,960	$814K	Reduce -4.7%
MELI MercadoLibre Inc.	0.15%	309	$808K	Reduce -2.8%
SNY Sanofi-ADR	0.15%	16,460	$795K	Reduce -3.3%
GRTUF Granite Real Estate Investme	0.15%	15,323	$777K	Add +21.4%
IEFA iShares Core MSCI Eafe ETF	0.15%	9,250	$772K	Add +0.0%
ENVX Enovix Corp.	0.13%	68,125	$704K	Add +11.5%
TTE Totalenergies SE -Spon ADR	0.13%	11,172	$686K	Reduce -26.4%
WWD Woodward Inc.	0.13%	2,738	$671K	Reduce -7.7%
PFE Pfizer Inc.	0.13%	27,534	$667K	Reduce -2.9%
IWF iShares Russell 1000 Growth	0.13%	1,560	$662K	No change
CBRE CBRE Group Inc. Class A	0.13%	4,719	$661K	Reduce -6.9%
AROC Archrock Inc.	0.12%	25,991	$645K	Reduce -7.0%
SNOW Snowflake Inc.	0.12%	2,873	$643K	Add +13.8%
FTAI Ftai Aviation Ltd.	0.12%	5,556	$639K	No change
CCEP Coca-Cola Europacific Partne	0.12%	6,696	$621K	Reduce -10.5%
SHOP Shopify Inc. Class A	0.12%	5,347	$617K	Reduce -13.8%
ADI Analog Devices Inc.	0.12%	2,588	$616K	Reduce -9.4%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC	0.12%	6,633	$610K	Reduce -7.4%
UL Unilever PLC	0.11%	9,663	$591K	Add +1.2%
HD Home Depot Inc.	0.11%	1,549	$568K	Reduce -5.6%
VTI VG Morningstar TS MKT ETF-US	0.11%	1,832	$557K	No change
GATX Gatx Corp.	0.10%	3,596	$552K	Reduce -5.5%
SHEL Shell PLC-ADR	0.10%	7,821	$551K	Reduce -4.1%
AMGN Amgen Inc.	0.10%	1,969	$550K	Add +1.9%
HLI Houlihan Lokey Inc.	0.10%	3,049	$549K	Reduce -12.5%
QQQ Invesco QQQ Trust Series 1	0.10%	978	$540K	No change
R Ryder System Inc.	0.10%	3,393	$539K	Reduce -8.1%
RJF Raymond James Financial Inc.	0.10%	3,485	$534K	Reduce -8.4%
MET Metlife Inc.	0.10%	6,533	$525K	Reduce -2.6%
INDA iShares MSCI India ETF	0.10%	9,396	$523K	Add +0.0%
QUAL iShares MSCI USA Quality Fac	0.10%	2,826	$517K	Reduce -0.2%
RGA Reinsurance Group of America	0.10%	2,600	$516K	Reduce -7.9%
IEUR iShares Core MSCI Europe ETF	0.10%	7,774	$515K	Reduce -14.7%
VRNA Verona Pharma Ltd.	0.10%	5,437	$514K	Reduce -4.1%
SHY iShares 1-3 Year Treasury Bo	0.10%	6,152	$510K	No change
MOG.A Moog Inc. Class A	0.10%	2,814	$509K	Reduce -8.7%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F	0.09%	9,708	$494K	New
PG The Procter & Gamble Co.	0.09%	3,092	$493K	Reduce -4.6%
NGG National Grid PLC-SP ADR	0.09%	6,567	$489K	Reduce -1.1%
DWX State Street SPDR S&P Intern	0.09%	11,389	$480K	Reduce -2.1%
TDY Teledyne Technologies Inc.	0.09%	936	$480K	Reduce -8.9%
ISHARES 25+ YR TREAS STRIPS	0.09%	48,826	$469K	New
CRM Salesforce Inc.	0.09%	1,716	$468K	Add +2.3%
MRK Merck & Co. Inc.	0.09%	5,892	$466K	Reduce -5.8%
RSP Invesco S&P 500 Equal Weight	0.09%	2,564	$466K	No change
TRV The Travelers Cos Inc.	0.09%	1,738	$465K	Reduce -12.4%
TRP TC Energy Corp.	0.09%	9,510	$464K	Reduce -6.8%
IVW iShares S&P 500 Growth ETF	0.09%	4,207	$463K	Reduce -9.7%
EFV iShares MSCI Eafe Value ETF	0.09%	7,222	$458K	Add +33.9%
HPE Hewlett Packard Enterprise	0.09%	22,337	$457K	Reduce -5.4%
MFC Manulife Financial Corp.	0.09%	14,261	$456K	Reduce -7.7%
DELL Dell Technologies -C	0.08%	3,634	$446K	Add +11.1%
RSG Republic Services Inc.	0.08%	1,800	$444K	Reduce -8.9%
STEW SRH Total Return Fund Inc.	0.08%	24,766	$438K	Add +9.4%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.08%	4,265	$437K	Reduce -12.7%
ETR Entergy Corp.	0.08%	5,210	$433K	Reduce -14.7%
GE General Electric filed as GE AEROSPACE	0.08%	1,676	$431K	Reduce -8.2%
LMT Lockheed Martin Corp.	0.08%	920	$426K	Reduce -3.7%
AZN Astrazeneca PLC-Spons ADR	0.08%	6,089	$426K	Reduce -10.0%
MBB iShares MBS ETF	0.08%	4,530	$425K	Add +4.1%
MPWR Monolithic Power Systems Inc.	0.08%	581	$425K	Reduce -8.9%
KMB Kimberly-Clark Corp.	0.08%	3,281	$423K	Add +8.3%
SNA Snap-on Inc.	0.08%	1,348	$419K	Reduce -8.6%
CVS CVS Health Corp.	0.08%	6,065	$418K	Add +30.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.08%	3,374	$418K	Reduce -6.1%
SYK Stryker Corp.	0.08%	1,055	$417K	Reduce -1.4%
MDT Medtronic PLC	0.08%	4,783	$417K	Reduce -11.4%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.08%	7,506	$409K	Reduce -4.8%
C Citigroup Inc.	0.08%	4,782	$407K	Reduce -4.3%
SHV iShares 0-1 Year Treasury Bo	0.08%	3,664	$405K	Reduce -47.6%
BMO Bank of Montreal filed as BANK MONTREAL QUE	0.08%	3,636	$402K	Reduce -6.2%
DRI Darden Restaurants Inc.	0.08%	1,841	$401K	Reduce -9.0%
SE Sea Ltd.-ADR	0.08%	2,505	$401K	Reduce -3.5%
RY Royal Bank of Canada	0.08%	3,025	$398K	Reduce -8.5%
MSCI MSCI Inc.	0.08%	689	$397K	No change
AEP American Electric Power	0.07%	3,656	$379K	Reduce -7.8%
CMI Cummins Inc.	0.07%	1,151	$377K	Reduce -7.2%
IBB iShares Biotechnology ETF	0.07%	2,971	$376K	No change
IVE iShares S&P 500 Value ETF	0.07%	1,920	$375K	Add +26.3%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.07%	8,087	$374K	Reduce -5.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM	0.07%	5,247	$372K	Reduce -7.6%
QSR Restaurant Brands Intern	0.07%	5,572	$369K	Reduce -6.0%
FTS Fortis Inc.	0.07%	7,708	$368K	Reduce -7.9%
BOX Box Inc. Class A	0.07%	10,637	$363K	Reduce -7.9%
IEMG iShares Core MSCI Emerging	0.07%	6,026	$362K	New
FCFS Firstcash Holdings Inc.	0.07%	2,665	$360K	Reduce -4.5%
GFR Greenfire Resources Ltd.	0.07%	79,902	$356K	Add +116.7%
HII Huntington Ingalls Industrie	0.07%	1,456	$352K	Reduce -6.3%
TAK Takeda Pharmaceutic-SP ADR	0.07%	22,704	$351K	Reduce -8.4%
BTI British American Tob-SP ADR	0.07%	7,383	$349K	Add +12.4%
AOS Smith (a.o.) Corp.	0.07%	5,312	$348K	Reduce -9.2%
GGAL Grupo Financiero Galicia-ADR	0.07%	6,869	$346K	Reduce -5.6%
MIDD Middleby Corp.	0.07%	2,400	$346K	Reduce -8.2%
VMI Valmont Industries	0.07%	1,058	$346K	Reduce -9.5%
PDI PIMCO Dynamic Income Fund	0.07%	18,099	$343K	No change
ANSS Ansys Inc.	0.06%	971	$341K	Reduce -10.4%
KO The Coca-Cola Co.	0.06%	4,811	$340K	Reduce -4.0%
EMR Emerson Electric Co.	0.06%	2,551	$340K	Reduce -9.3%
DUK Duke Energy Corp.	0.06%	2,857	$337K	Reduce -9.8%
GLD SPDR Gold Shares	0.06%	1,101	$336K	Add +10.0%
GD General Dynamics Corp.	0.06%	1,146	$334K	Reduce -11.5%
GVA Granite Construction Inc.	0.06%	3,560	$333K	No change
AVB Avalonbay Communities Inc.	0.06%	1,628	$331K	Reduce -0.3%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.06%	10,087	$329K	Reduce -12.0%
DHI D.R. Horton Inc.	0.06%	2,548	$329K	Reduce -8.5%
INFY Infosys Ltd.-SP ADR	0.06%	17,727	$328K	Add +0.7%
SPY SS SPDR S&P 500 ETF Trust-US	0.06%	531	$328K	No change
KVUE Kenvue Inc.	0.06%	15,675	$328K	Reduce -18.6%
CRUS Cirrus Logic Inc.	0.06%	3,124	$326K	Reduce -9.2%
QGEN Qiagen N.V.	0.06%	6,724	$323K	Reduce -9.8%
NI Nisource Inc.	0.06%	8,001	$323K	Reduce -10.3%
SAP Sap SE-Sponsored ADR	0.06%	1,061	$323K	Reduce -3.4%
HOLX Hologic Inc.	0.06%	4,899	$319K	Reduce -5.3%
BOTZ Global X Robotics & Artifici	0.06%	9,776	$319K	Reduce -12.6%
PNC PNC Financial Services Group	0.06%	1,696	$316K	Reduce -3.2%
FQAL Fidelity Quality Factor ETF	0.06%	4,532	$316K	Reduce -12.7%
BBVA Banco Bilbao Vizcaya-SP ADR	0.06%	20,513	$315K	Reduce -7.2%
RELX Relx PLC - Spon ADR	0.06%	5,767	$313K	Reduce -5.0%
MUFG Mitsubishi Ufj Finl-Spon ADR	0.06%	22,287	$306K	Reduce -7.3%
SBAC SBA Communications Corp.	0.06%	1,302	$306K	Reduce -9.7%
ARW Arrow Electronics Inc.	0.06%	2,388	$304K	Reduce -9.7%
MSM MSC Industrial Direct Co. Class A	0.06%	3,578	$304K	Reduce -4.7%
WMB Williams Cos Inc.	0.06%	4,812	$302K	Reduce -4.5%
HMY Harmony Gold MNG-Spon ADR	0.06%	21,594	$302K	Reduce -6.1%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA	0.06%	9,586	$301K	Reduce -5.3%
KMI Kinder Morgan Inc.	0.06%	10,154	$299K	Add +0.0%
ZTR Virtus Total Return Fund Inc.	0.06%	47,904	$298K	Add +2.1%
IYW iShares Ustechnology ETF	0.06%	1,720	$298K	Reduce -11.9%
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC	0.06%	6,831	$296K	Reduce -4.8%
WBS Webster Financial Corp.	0.06%	5,308	$290K	Reduce -12.4%
HAS Hasbro Inc.	0.05%	3,906	$288K	Add +0.3%
BMA Banco Macro SA-ADR	0.05%	4,070	$286K	Reduce -4.5%
GBDC Golub Capital BDC Inc.	0.05%	19,316	$283K	Reduce -14.6%
ADP Automatic Data Processing	0.05%	914	$282K	Add +0.1%
MCHP Microchip Technology Inc.	0.05%	3,975	$280K	New
BXP BXP Inc.	0.05%	4,067	$274K	Reduce -8.2%
ON On Semiconductor	0.05%	5,221	$274K	Reduce -7.6%
AVEM Avantis Emerging Markets Eq	0.05%	3,978	$273K	Reduce -8.3%
HXL Hexcel Corp.	0.05%	4,819	$272K	Reduce -9.5%
NTAP Netapp Inc.	0.05%	2,530	$270K	Reduce -5.1%
BCS Barclays PLC-Spons ADR	0.05%	14,439	$268K	Reduce -8.1%
RDNT Radnet Inc.	0.05%	4,700	$267K	No change
CBT Cabot Corp.	0.05%	3,556	$267K	Reduce -9.2%
EWBC East West Bancorp Inc.	0.05%	2,630	$266K	Add +4.9%
FOUR SHIFT4 Payments Inc. Class A	0.05%	2,670	$265K	No change
VTV Vanguard Mrngstr Val ETF-Aui	0.05%	1,488	$263K	New
CRL Charles River Laboratories	0.05%	1,728	$262K	Reduce -9.7%
WTFC Wintrust Financial Corp.	0.05%	2,102	$261K	Reduce -8.2%
BSX Boston Scientific Corp.	0.05%	2,420	$260K	Reduce -16.9%
TFC Truist Financial Corp.	0.05%	6,039	$260K	Reduce -18.9%
HSY The Hershey Co.	0.05%	1,564	$260K	No change
USB US Bancorp	0.05%	5,723	$259K	Reduce -11.7%
PAM Pampa Energia SA-Spon ADR	0.05%	3,731	$259K	Reduce -6.9%
ROST Ross Stores Inc.	0.05%	2,015	$257K	No change
O Realty Income Corp.	0.05%	4,445	$256K	Add +0.1%
BMY Bristol-Myers Squibb Co.	0.05%	5,496	$254K	Reduce -30.7%
COP Conocophillips	0.05%	2,833	$254K	Reduce -7.8%
LYG Lloyds Banking Group PLC-ADR	0.05%	59,450	$253K	Reduce -7.2%
TIGR Up Fintech Holding Ltd. - ADR	0.05%	25,799	$249K	Reduce -4.9%
MWA Mueller Water Products Inc. Class A	0.05%	10,255	$247K	No change
VIV Telefonica Brasil-ADR	0.05%	21,543	$246K	Add +3.2%
BWA Borgwarner Inc.	0.04%	7,091	$237K	Reduce -9.7%
WEX Wex Inc.	0.04%	1,616	$237K	Reduce -88.8%
AMCR Amcor PLC	0.04%	25,352	$233K	Reduce -7.1%
SDY SS SPDR S&P Dividend ETF	0.04%	1,685	$229K	Reduce -5.5%
ETX Eaton Vance Muni Inc. 2028 TM	0.04%	12,615	$227K	New
OMC Omnicom Group	0.04%	3,158	$227K	Reduce -5.6%
BIO Bio-Rad Laboratories-A	0.04%	938	$226K	Reduce -7.4%
UPS United Parcel Service Class B	0.04%	2,227	$225K	Reduce -80.8%
TM Toyota Motor Corp. -Spon ADR	0.04%	1,303	$224K	Reduce -5.1%
SON Sonoco Products Co.	0.04%	5,102	$222K	Reduce -10.0%
LAZ Lazard Inc.	0.04%	4,571	$219K	Reduce -4.6%
EMN Eastman Chemical Co.	0.04%	2,934	$219K	Reduce -11.2%
CNC Centene Corp.	0.04%	3,932	$213K	Reduce -1.8%
SMFG Sumitomo Mitsui-Spons ADR	0.04%	14,026	$212K	Reduce -3.5%
TPZ Tort Electf Infra ETF-Usd Inc. filed as TORTOISE CAPITAL SERIES TRUS	0.04%	10,320	$212K	No change
CDP Copt Defense Properties	0.04%	7,662	$211K	Reduce -8.0%
AKAM Akamai Technologies Inc.	0.04%	2,621	$209K	Reduce -7.3%
PBA Pembina Pipeline Corp.	0.04%	5,491	$206K	Reduce -7.6%
SHW The Sherwin-Williams Co.	0.04%	597	$205K	No change
PSA Public Storage	0.04%	691	$203K	Reduce -11.2%
KT KT Corp.-SP ADR	0.04%	9,712	$202K	Reduce -4.0%
AVTR Avantor Inc.	0.04%	14,589	$196K	New
ERII Energy Recovery Inc.	0.04%	15,100	$193K	Add +0.7%
PAA Plains All Amer Pipeline LP	0.04%	10,434	$191K	No change
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS	0.04%	21,932	$186K	Reduce -4.6%
TU Telus Corp.	0.04%	11,516	$185K	Reduce -49.1%
VNET Vnet Group Inc.-ADR	0.04%	26,747	$185K	Reduce -4.0%
NOK Nokia Corp.-Spon ADR	0.03%	34,749	$180K	New
AEG Aegon Ltd.-NY Reg SHR	0.03%	21,131	$153K	Reduce -5.4%
KC Kingsoft Cloud Holdings-ADR	0.02%	10,057	$126K	New
SWZ Total Return Securities Fund	0.02%	19,248	$122K	New
WOOF Petco Health and Wellness Co.	0.02%	28,400	$80K	No change
RLJ RLJ Lodging Trust	0.01%	10,419	$76K	Reduce -1.6%
BHR Braemar Hotels & Resorts Inc.	0.01%	11,131	$27K	No change
IP International Paper Co.	0.01%	575	$27K	Add +0.2%

Options reported separately and not counted above: IP puts ($379K), SCHW calls ($265K), MGM calls ($41K).

Other holdings (4): bonds, preferreds, convertibles and warrants · $5.5M (not counted above)

Security	Class	Shares / Principal	Value	Change
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28)	PFD CV TR SEC 28	72,522	$3.5M	Add +11.7%
EPR PROPERTIES (EPR 9 PERP E)	CONV PFD 9% SR E	37,687	$1.2M	Add +133.0%
KIMCO REALTY CORP (KIM 7.25 PERP N)	DP CV CL N 7.25%	8,878	$537K	New
CVE.WS Cenovus Energy Inc. -CW26	*W EXP 01/01/202	26,516	$229K	Add +2.3%

Total filed on the 13F, all lines: $532.8M.

Portfolio Sells Q1 2025 → Q2 2025


AAPL Apple Inc.	Reduce -6.1%	4.15%	−0.88
BRK.B Berkshire Hathaway Inc. Class B	Reduce -8.5%	2.28%	−0.59
UNH Unitedhealth Group Inc.	Reduce -4.8%	0.60%	−0.51
WEX Wex Inc.	Reduce -88.8%	0.04%	−0.41
VGIT Vanguard Intermediate-Term T	Reduce -12.0%	1.83%	−0.34
CMCSA Comcast Corp. Class A	Reduce -14.3%	0.85%	−0.23
UPS United Parcel Service Class B	Reduce -80.8%	0.04%	−0.21
KR Kroger Co.	Reduce -19.7%	0.79%	−0.19
CVX Chevron Corp.	Reduce -2.0%	0.69%	−0.18
MCK McKesson Corp.	Reduce -45.5%	0.22%	−0.17
GBIL Goldman Sachs Access Treasur	Reduce -6.2%	1.17%	−0.14
VGSH Vanguard Short-Term Treasury	Reduce -2.0%	1.97%	−0.14
JNJ Johnson & Johnson	Reduce -2.1%	0.72%	−0.12
CLIP Global X 1-3 Month T-Bill	Reduce -22.2%	0.33%	−0.12
V Visa Inc. Class A	Reduce -6.1%	0.96%	−0.10
LOW Lowe's Cos Inc.	Reduce -3.9%	0.66%	−0.10
XOM Exxon Mobil Corp.	Reduce -0.8%	0.56%	−0.10
GM General Motors Co.	Sold out	0.00%	−0.09
MCD McDonald's Corp.	Reduce -0.6%	0.66%	−0.09
OPY Oppenheimer Holdings Class A	Reduce -27.5%	0.26%	−0.08
SBUX Starbucks Corp.	Reduce -4.8%	0.44%	−0.08
PGR Progressive Corp.	Reduce -3.0%	0.54%	−0.08
SHV iShares 0-1 Year Treasury Bo	Reduce -47.6%	0.08%	−0.08
APD Air Products & Chemicals Inc.	Reduce -5.4%	0.45%	−0.07
PAYX Paychex Inc.	Reduce -4.9%	0.40%	−0.07
PM Philip Morris International	Reduce -11.2%	2.08%	−0.07
TTE Totalenergies SE -Spon ADR	Reduce -26.4%	0.13%	−0.07
NSP Insperity Inc.	Sold out	0.00%	−0.06
MPLX MPLX LP	Sold out	0.00%	−0.06
MRSH Marsh & McLennan Cos	Reduce -2.8%	0.29%	−0.06
MSI Motorola Solutions Inc.	Reduce -5.0%	0.38%	−0.06
NOC Northrop Grumman Corp.	Reduce -5.3%	0.42%	−0.06
PZZA Papa John's Intl Inc.	Sold out	0.00%	−0.06
RUSHA Rush Enterprises Inc. Class A	Sold out	0.00%	−0.05
ACN Accenture PLC Class A	Reduce -6.9%	0.29%	−0.05
CVE Cenovus Energy Inc.	Reduce -4.1%	0.42%	−0.05
LYB Lyondellbasell Indu Class A	Sold out	0.00%	−0.05
DOW Dow Inc.	Sold out	0.00%	−0.05
BTT BlackRock 2030 Muni TRGT TRM	Reduce -4.8%	0.68%	−0.05
BMY Bristol-Myers Squibb Co.	Reduce -30.7%	0.05%	−0.05
IVV iShares Core S&P 500 ETF	Reduce -10.8%	0.72%	−0.05
CNMD Conmed Corp.	Sold out	0.00%	−0.05
VMBS Vanguard Mortgage-Backed Sec	Reduce -0.3%	0.83%	−0.04
LIN Linde PLC	Reduce -5.1%	0.45%	−0.04
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Sold out	0.00%	−0.04
PKG Packaging Corp. of America	Reduce -5.8%	0.25%	−0.04
MO Altria Group Inc.	Reduce -4.1%	0.35%	−0.04
PLD Prologis Inc.	Reduce -3.4%	0.26%	−0.04
NEE Nextera Energy Inc.	Reduce -4.5%	0.32%	−0.04
GOOG Alphabet Inc. Class C	Reduce -11.0%	0.97%	−0.04

Portfolio Buys Q1 2025 → Q2 2025


META Meta Platforms Inc. Class A	Add +12.9%	2.10%	+0.57
MGM MGM Resorts International	Add +179.0%	0.80%	+0.54
ALX Alexander's Inc.	Add +170.7%	0.77%	+0.49
SCHW Schwab (charles) Corp.	Add +9.1%	1.77%	+0.31
CBL CBL & Associates Properties	Add +48.1%	0.92%	+0.24
JAAA Janus Henderson Aaa Clo ETF	Add +29.5%	1.24%	+0.23
AMZN Amazon.com Inc.	Add +0.4%	2.47%	+0.23
CB Chubb Ltd.	Add +305.4%	0.27%	+0.20
GOOGL Alphabet Inc. Class A	Add +27.4%	0.67%	+0.18
AER Aercap Holdings NV	Add +16.4%	0.60%	+0.13
HPQ HP Inc.	Add +54.8%	0.42%	+0.10
JMST JPM Ultra-Short Muni Income	New	0.09%	+0.09
BNY Bank of New York Mellon Corp.	Add +25.9%	0.40%	+0.09
ISHARES 25+ YR TREAS STRIPS	New	0.09%	+0.09
PLTR Palantir Technologies Inc. Class A	Add +0.2%	0.25%	+0.09
SIL Global X Silver Miners ETF	Add +43.1%	0.22%	+0.09
NSC Norfolk Southern Corp.	Add +16.1%	0.51%	+0.08
ARES Ares Management Corp. Class A	Add +60.3%	0.18%	+0.08
NWS News Corp. Class B	Add +4.0%	0.73%	+0.08
IEMG iShares Core MSCI Emerging	New	0.07%	+0.07
SF Stifel Financial Corp.	Add +5.5%	0.72%	+0.07
AXP American Express Co.	Add +3.3%	0.47%	+0.07
SCHR Schwab Intermediate-Term US	Add +33.0%	0.29%	+0.06
NFLX Netflix Inc.	Add +16.4%	0.16%	+0.06
INTU Intuit Inc.	Add +6.8%	0.25%	+0.06
GNMA iShares Gnma Bond ETF	Add +11.9%	0.92%	+0.06
MCHP Microchip Technology Inc.	New	0.05%	+0.05
GLW Corning Inc.	Add +9.4%	0.32%	+0.05
AMAT Applied Materials Inc.	Add +7.6%	0.23%	+0.05
VTV Vanguard Mrngstr Val ETF-Aui	New	0.05%	+0.05
SNOW Snowflake Inc.	Add +13.8%	0.12%	+0.05
GDXJ Vaneck Junior Gold Miners	Add +9.3%	0.25%	+0.05
ENVX Enovix Corp.	Add +11.5%	0.13%	+0.04
BLK BlackRock Inc.	Add +0.3%	0.82%	+0.04
ETX Eaton Vance Muni Inc. 2028 TM	New	0.04%	+0.04
EDV Vanguard Extended Dur Treas	Add +19.4%	0.60%	+0.04
AVTR Avantor Inc.	New	0.04%	+0.04
NOK Nokia Corp.-Spon ADR	New	0.03%	+0.03
GRTUF Granite Real Estate Investme	Add +21.4%	0.15%	+0.03
D Dominion Energy Inc.	Add +13.2%	0.35%	+0.03
DELL Dell Technologies -C	Add +11.1%	0.08%	+0.03
GFR Greenfire Resources Ltd.	Add +116.7%	0.07%	+0.02
KC Kingsoft Cloud Holdings-ADR	New	0.02%	+0.02
EFV iShares MSCI Eafe Value ETF	Add +33.9%	0.09%	+0.02
MAR Marriott International Class A	Add +4.7%	0.19%	+0.02
SWZ Total Return Securities Fund	New	0.02%	+0.02
GSK GSK PLC-Spon ADR	Add +13.5%	0.27%	+0.02
MPC Marathon Petroleum Corp.	Add +0.5%	0.21%	+0.02
CVS CVS Health Corp.	Add +30.6%	0.08%	+0.02
IVE iShares S&P 500 Value ETF	Add +26.3%	0.07%	+0.01

Options Activity Q1 2025 → Q2 2025


IP International Paper Co.	put	Add +102.5%	8,100	$379K
MGM MGM Resorts International	call	New	1,200	$41K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2025 → Q2 2025


EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28)	PFD CV TR SEC 28	Add +11.7%	72,522	$3.5M
EPR PROPERTIES (EPR 9 PERP E)	CONV PFD 9% SR E	Add +133.0%	37,687	$1.2M
KIMCO REALTY CORP (KIM 7.25 PERP N)	DP CV CL N 7.25%	New	8,878	$537K
CVE.WS Cenovus Energy Inc. -CW26	*W EXP 01/01/202	Add +2.3%	26,516	$229K

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	244	$513.7M	AAPL, NVDA, AMZN, MSFT, VGIT
Q1 2026	339	$591.5M	AAPL, MSFT, NVDA, JPM, AMZN
Q4 2025Amended	326	$575.3M	AAPL, MSFT, ACWI, NVDA, JPM
Q3 2025	336	$559.3M	AAPL, MSFT, NVDA, JPM, AMZN
Q2 2025	333	$527.3M	MSFT, AAPL, JPM, NVDA, AMZN
Q1 2025	333	$501.3M	AAPL, MSFT, BRK.B, JPM, AMZN
Q4 2024	330	$491.9M	AAPL, MSFT, NVDA, JPM, AMZN
Q3 2024	333	$490.3M	AAPL, MSFT, NVDA, BRK.B, AMZN
Q2 2024	343	$457.1M	AAPL, MSFT, NVDA, BRK.B, JPM
Q1 2024	351	$430.5M	AAPL, MSFT, NVDA, BRK.B, JPM