Blume Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Blume Capital Management, Inc. reported 350 stock positions worth $520.0 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Dimensional International (DFIC, 4.1%) and Alphabet Class C (GOOG, 3.8%). Compared with Q2 2025, it opened 25 new positions, sold out of 109, added to 54 and reduced 105. The biggest buy was a new position in Vanguard Core Tax-Ex Bond (VCRM) and the biggest sale T Rowe Price Total Return Et (TOTR, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- BERKELEY, CA
- CIK
- 0001587192
- Portfolio Value
- $520.0M (Q3 2025)
- SEC Filing
- 0001587192-25-000008 ↗ filed Nov 6, 2025
Holdings Value
Holdings 350 stocks · $520.0M
| AAPL Apple Inc. | 5.05% | 103,033 | $26.2M | Reduce -1.0% |
| DFIC Dimensional International Co. | 4.15% | 657,384 | $21.6M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 3.83% | 81,845 | $19.9M | Reduce -2.5% |
| DFCF Dimensional Core Fixed Inc. | 3.65% | 444,428 | $19.0M | Add +3.4% |
| UBER Uber Technologies Inc. | 3.09% | 164,136 | $16.1M | Reduce -0.4% |
| SCHW Schwab (charles) Corp. | 3.09% | 168,384 | $16.1M | Reduce -0.6% |
| C Citigroup Inc. | 2.98% | 152,578 | $15.5M | Reduce -1.1% |
| XLE SS Energy Select Sector | 2.85% | 165,988 | $14.8M | Add +0.3% |
| COF Capital One Financial Corp. | 2.60% | 63,569 | $13.5M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 2.53% | 17,891 | $13.1M | Reduce -0.5% |
| SGOV iShares 0-3 Month Treasury B | 2.49% | 128,425 | $12.9M | Reduce -8.7% |
| JNJ Johnson & Johnson | 2.40% | 67,169 | $12.5M | Reduce -0.2% |
| XHLF Bondbloxx BBG 6 MTH US Treas | 2.33% | 240,638 | $12.1M | Add +25.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.29% | 230,869 | $11.9M | Reduce -8.5% |
| MSFT Microsoft Corp. | 2.12% | 21,276 | $11.0M | Reduce -2.1% |
| AMZN Amazon.com Inc. | 2.07% | 49,141 | $10.8M | Reduce -0.2% |
| DFEM Dimensional Emrg MRKT Core | 2.06% | 333,211 | $10.7M | Reduce -0.0% |
| WFC Wells Fargo & Co. | 2.05% | 127,301 | $10.7M | Reduce -0.3% |
| MU Micron Technology Inc. | 2.05% | 63,603 | $10.6M | Reduce -4.3% |
| FDX FedEx Corp. | 2.00% | 44,198 | $10.4M | Reduce -0.0% |
| CMCSA Comcast Corp. Class A | 2.00% | 330,345 | $10.4M | Add +11.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.97% | 89,562 | $10.3M | Reduce -0.3% |
| FCX Freeport-McMoran Inc. | 1.76% | 233,703 | $9.2M | Add +2.3% |
| AMAT Applied Materials Inc. | 1.74% | 44,192 | $9.0M | Add +0.3% |
| GS Goldman Sachs Group Inc. | 1.65% | 10,756 | $8.6M | Reduce -1.1% |
| NVDA Nvidia Corp. | 1.63% | 45,545 | $8.5M | Reduce -1.0% |
| DFEV Dimensional Emrg MRKT Val | 1.61% | 262,108 | $8.4M | Add +0.5% |
| BKR Baker Hughes Co. | 1.59% | 169,941 | $8.3M | Add +1.1% |
| IBB iShares Biotechnology ETF | 1.42% | 51,075 | $7.4M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 1.29% | 21,196 | $6.7M | Reduce -2.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.22% | 19,360 | $6.4M | Add +0.2% |
| VCRM Vanguard Core Tax-Ex Bond | 1.22% | 84,115 | $6.3M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.20% | 68,165 | $6.3M | Reduce -14.7% |
| GBIL Goldman Sachs Access Treasur | 1.20% | 62,078 | $6.2M | Add +27.2% |
| GDX Vaneck Gold Miners ETF | 1.18% | 80,347 | $6.1M | Add +0.1% |
| PFE Pfizer Inc. | 1.11% | 226,621 | $5.8M | Add +16.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.09% | 11,295 | $5.7M | No change |
| CNH CNH Industrial NV | 1.01% | 481,995 | $5.2M | Add +7.9% |
| COST Costco Wholesale Corp. | 0.98% | 5,532 | $5.1M | Reduce -2.9% |
| RIO Rio Tinto PLC-Spon ADR | 0.87% | 68,193 | $4.5M | Add +0.7% |
| CVS CVS Health Corp. | 0.74% | 50,719 | $3.8M | Reduce -0.1% |
| VGIT Vanguard Intermediate-Term T | 0.71% | 61,625 | $3.7M | Reduce -2.5% |
| WY Weyerhaeuser Co. | 0.66% | 137,698 | $3.4M | Add +0.6% |
| DE Deere & Co. | 0.65% | 7,419 | $3.4M | Add +0.2% |
| DFAS Dimensional US Small Cap ETF | 0.63% | 48,199 | $3.3M | Reduce -0.8% |
| FISV Fiserv Inc. | 0.62% | 25,197 | $3.2M | Add +785.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.62% | 64,600 | $3.2M | Reduce -58.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.54% | 81,875 | $2.8M | Add +10.0% |
| JCPB JPMorgan Core Plus Bond ETF | 0.47% | 51,050 | $2.4M | New |
| XOM Exxon Mobil Corp. | 0.43% | 19,993 | $2.3M | Reduce -0.6% |
| ELV Elevance Health Inc. | 0.38% | 6,145 | $2.0M | Add +236.7% |
| GOOGL Alphabet Inc. Class A | 0.38% | 8,045 | $2.0M | Reduce -5.5% |
| NTR Nutrien Ltd. | 0.36% | 32,091 | $1.9M | Add +1.1% |
| XFIV Bondbloxx BBG 5 YR US Treas | 0.36% | 37,290 | $1.8M | No change |
| BND Vanguard Total Bond Market | 0.29% | 20,529 | $1.5M | Reduce -22.0% |
| AA Alcoa Corp. | 0.29% | 45,645 | $1.5M | Add +2.4% |
| MTN Vail Resorts Inc. | 0.28% | 9,703 | $1.5M | Add +317.0% |
| FSLR First Solar Inc. | 0.25% | 5,813 | $1.3M | Reduce -0.8% |
| HON Honeywell International Inc. | 0.24% | 5,870 | $1.2M | Reduce -2.5% |
| CL Colgate-Palmolive Co. | 0.23% | 15,200 | $1.2M | No change |
| SNY Sanofi-ADR | 0.23% | 25,266 | $1.2M | Add +315725.0% |
| CCJ Cameco Corp. | 0.22% | 13,361 | $1.1M | No change |
| DFNM Dimensional National Muni BD | 0.21% | 22,685 | $1.1M | No change |
| KO The Coca-Cola Co. | 0.20% | 16,000 | $1.1M | Reduce -1.2% |
| VZ Verizon Communications Inc. | 0.20% | 23,944 | $1.1M | Add +8.4% |
| CVX Chevron Corp. | 0.20% | 6,560 | $1.0M | No change |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 4,910 | $896K | No change |
| ABNB Airbnb Inc. Class A | 0.17% | 7,349 | $892K | Add +69.6% |
| GE General Electric filed as GE AEROSPACE | 0.17% | 2,895 | $871K | No change |
| EQT Eqt Corp. | 0.17% | 15,845 | $862K | Add +0.3% |
| MRK Merck & Co. Inc. | 0.16% | 9,904 | $831K | Add +325.1% |
| DFAC Dimensional US Core Equity 2 | 0.15% | 20,658 | $797K | Reduce -1.2% |
| AVGO Broadcom Inc. | 0.15% | 2,415 | $797K | Reduce -5.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.15% | 7,710 | $791K | Reduce -0.2% |
| CTRA Coterra Energy Inc. | 0.14% | 31,374 | $742K | Add +137.5% |
| DFIS Dimensional International SM | 0.14% | 23,100 | $731K | No change |
| GLD SPDR Gold Shares | 0.14% | 1,980 | $704K | No change |
| MSGS Madison Square Garden Sports | 0.13% | 3,055 | $693K | No change |
| AXP American Express Co. | 0.13% | 1,963 | $652K | Reduce -0.1% |
| DUSA Davis Select US Equity ETF | 0.12% | 13,275 | $636K | Reduce -15.6% |
| DFIV Dimensional International Va | 0.12% | 13,200 | $609K | No change |
| SBUX Starbucks Corp. | 0.11% | 6,603 | $559K | No change |
| V Visa Inc. Class A | 0.10% | 1,530 | $522K | Reduce -1.2% |
| GEV GE Vernova Inc. | 0.09% | 802 | $493K | Reduce -1.2% |
| BKNG Booking Holdings Inc. | 0.09% | 90 | $486K | Reduce -5.3% |
| LRCX Lam Research Corp. | 0.09% | 3,300 | $442K | No change |
| TOTR T Rowe Price Total Return Et | 0.08% | 10,543 | $430K | Reduce -96.4% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.08% | 3,350 | $422K | No change |
| VDE Vanguard Energy ETF | 0.08% | 3,260 | $410K | No change |
| GILD Gilead Sciences Inc. | 0.07% | 3,445 | $382K | Reduce -2.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 572 | $381K | Add +108.0% |
| CSCO Cisco Systems Inc. | 0.07% | 5,502 | $376K | Reduce -3.5% |
| VOO Vanguard S&P 500 ETF | 0.07% | 595 | $364K | Add +5.3% |
| UNP Union Pacific Corp. | 0.07% | 1,500 | $355K | Reduce -0.1% |
| ADI Analog Devices Inc. | 0.07% | 1,425 | $350K | No change |
| TRV The Travelers Cos Inc. | 0.06% | 1,100 | $307K | No change |
| VTEC Vanguard Ca Tax-Ex Bond | 0.06% | 3,000 | $299K | Add +20.0% |
| PANW Palo Alto Networks Inc. | 0.05% | 1,350 | $275K | Reduce -0.9% |
| WMT Walmart Inc. | 0.05% | 2,625 | $271K | Reduce -4.0% |
| QCOM Qualcomm Inc. | 0.05% | 1,625 | $270K | Reduce -6.7% |
Options reported separately and not counted above: QQQ puts ($6.0M), HLT puts ($268K).
Portfolio Sells Q2 2025 → Q3 2025
| TOTR T Rowe Price Total Return Et | Reduce -96.4% | 0.08% | −2.36 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -58.2% | 0.62% | −0.92 |
| GTLS Chart Industries Inc. | Reduce -93.8% | 0.04% | −0.56 |
| SGOV iShares 0-3 Month Treasury B | Reduce -8.7% | 2.49% | −0.40 |
| DIS The Walt Disney Co. | Reduce -0.3% | 1.97% | −0.30 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -14.7% | 1.20% | −0.29 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.20 |
| META Meta Platforms Inc. Class A | Reduce -0.5% | 2.53% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -90.5% | 0.02% | −0.18 |
| COF Capital One Financial Corp. | Reduce -0.5% | 2.60% | −0.17 |
| COST Costco Wholesale Corp. | Reduce -2.9% | 0.98% | −0.16 |
| BAC Bank of America Corp. | Reduce -8.5% | 2.29% | −0.14 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 2.07% | −0.13 |
| BND Vanguard Total Bond Market | Reduce -22.0% | 0.29% | −0.10 |
| MSFT Microsoft Corp. | Reduce -2.1% | 2.12% | −0.08 |
| TAXX BBLX Irm Tax-Aware S Dur ETF | Sold out | 0.00% | −0.07 |
| SCHW Schwab (charles) Corp. | Reduce -0.6% | 3.09% | −0.06 |
| VGIT Vanguard Intermediate-Term T | Reduce -2.5% | 0.71% | −0.06 |
| HON Honeywell International Inc. | Reduce -2.5% | 0.24% | −0.05 |
| FDX FedEx Corp. | Reduce -0.0% | 2.00% | −0.04 |
| UBER Uber Technologies Inc. | Reduce -0.4% | 3.09% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -0.3% | 2.05% | −0.03 |
| KO The Coca-Cola Co. | Reduce -1.2% | 0.20% | −0.03 |
| DUSA Davis Select US Equity ETF | Reduce -15.6% | 0.12% | −0.03 |
| DFIC Dimensional International Co. | Reduce -0.1% | 4.15% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -5.3% | 0.09% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -48.7% | 0.01% | −0.01 |
| V Visa Inc. Class A | Reduce -1.2% | 0.10% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -3.5% | 0.07% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.6% | 0.43% | −0.01 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -30.3% | 0.00% | −0.01 |
| JMTG Mortgage-Backed Securities | Sold out | 0.00% | −0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Sold out | 0.00% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -2.3% | 0.07% | −0.01 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.01 |
| NE Noble Corp. PLC | Sold out | 0.00% | −0.01 |
| PM Philip Morris International | Reduce -28.6% | 0.01% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -4.3% | 0.03% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -6.7% | 0.05% | −0.00 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −0.00 |
| WTRG Essential Utilities Inc. | Reduce -29.4% | 0.01% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -40.6% | 0.01% | −0.00 |
| NFLX Netflix Inc. | Reduce -10.2% | 0.01% | −0.00 |
| PANW Palo Alto Networks Inc. | Reduce -0.9% | 0.05% | −0.00 |
| ALB Albemarle Corp. | Reduce -90.9% | 0.00% | −0.00 |
| TUR iShares MSCI Turkey ETF | Reduce -47.8% | 0.00% | −0.00 |
| T AT&T Inc. | Reduce -6.3% | 0.02% | −0.00 |
| DECK Deckers Outdoor Corp. | Reduce -99.3% | 0.00% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| VCRM Vanguard Core Tax-Ex Bond | New | 1.22% | +1.22 |
| FISV Fiserv Inc. | Add +785.7% | 0.62% | +0.52 |
| JCPB JPMorgan Core Plus Bond ETF | New | 0.47% | +0.47 |
| XHLF Bondbloxx BBG 6 MTH US Treas | Add +25.2% | 2.33% | +0.36 |
| GDX Vaneck Gold Miners ETF | Add +0.1% | 1.18% | +0.33 |
| BKR Baker Hughes Co. | Add +1.1% | 1.59% | +0.28 |
| ELV Elevance Health Inc. | Add +236.7% | 0.38% | +0.24 |
| SNY Sanofi-ADR | Add +315725.0% | 0.23% | +0.23 |
| MTN Vail Resorts Inc. | Add +317.0% | 0.28% | +0.20 |
| GBIL Goldman Sachs Access Treasur | Add +27.2% | 1.20% | +0.20 |
| PFE Pfizer Inc. | Add +16.5% | 1.11% | +0.15 |
| MRK Merck & Co. Inc. | Add +325.1% | 0.16% | +0.12 |
| AMAT Applied Materials Inc. | Add +0.3% | 1.74% | +0.10 |
| CTRA Coterra Energy Inc. | Add +137.5% | 0.14% | +0.07 |
| RIO Rio Tinto PLC-Spon ADR | Add +0.7% | 0.87% | +0.06 |
| ABNB Airbnb Inc. Class A | Add +69.6% | 0.17% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +108.0% | 0.07% | +0.04 |
| VYM Vanguard High DVD Yield ETF | Add +286.1% | 0.04% | +0.03 |
| SLB SLB Ltd. | Add +10.0% | 0.54% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 1.22% | +0.03 |
| AA Alcoa Corp. | Add +2.4% | 0.29% | +0.02 |
| NBIS Nebius Group NV | Add +412.5% | 0.02% | +0.02 |
| DFEV Dimensional Emrg MRKT Val | Add +0.5% | 1.61% | +0.01 |
| MLPX Global X MLP & Energy Infras | Add +493.8% | 0.01% | +0.01 |
| IXUS iShares Core Intl Stock ETF | New | 0.01% | +0.01 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +1920.0% | 0.01% | +0.01 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +20.0% | 0.06% | +0.01 |
| VZ Verizon Communications Inc. | Add +8.4% | 0.20% | +0.01 |
| LLY Eli Lilly & Co. | Add +100.0% | 0.01% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +5.3% | 0.07% | +0.00 |
| HIG Hartford Insurance Group Inc. | New | 0.00% | +0.00 |
| CM Can Imperial BK of Commerce | Add +5060.0% | 0.00% | +0.00 |
| SOFI Sofi Technologies Inc. | Add +52.9% | 0.01% | +0.00 |
| RIG Transocean Ltd. | Add +43.1% | 0.01% | +0.00 |
| TDW Tidewater Inc. | Add +128.3% | 0.01% | +0.00 |
| HIMS Hims & Hers Health Inc. | Add +8.0% | 0.02% | +0.00 |
| GDXJ Vaneck Junior Gold Miners | Add +27.3% | 0.01% | +0.00 |
| IFF Intl Flavors & Fragrances | New | 0.00% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +298.3% | 0.00% | +0.00 |
| ABCL Abcellera Biologics Inc. | New | 0.00% | +0.00 |
| BMNR Bitmine Immersion Technologi | New | 0.00% | +0.00 |
| URNM Sprott Uranium Miners ETF | Add +7.4% | 0.01% | +0.00 |
| IWS iShares Russell Mid-Cap Valu | New | 0.00% | +0.00 |
| AMD Advanced Micro Devices | Add +6.4% | 0.01% | +0.00 |
| HAL Halliburton Co. | Add +0.1% | 0.01% | +0.00 |
| IWP iShares Russell Mid-Cap Grow | New | 0.00% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +82.7% | 0.00% | +0.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +23.1% | 0.00% | +0.00 |
| SCZ iShares MSCI Eafe Small-Cap | New | 0.00% | +0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.00% | +0.00 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 10,000 | $6.2Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | New | 10,000 | $6.0M |
| HLT Hilton Worldwide Holdings Inc. | put | New | 1,000 | $268K |
| GME Gamestop Corp. Class A | call | Sold out | 200 | $36Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 356 | $674.4M | GOOG, MU, AAPL, VBIL, DFIC |
| Q1 2026 | 336 | $587.3M | GOOG, AAPL, DFIC, DFCF, XLE |
| Q4 2025 | 330 | $544.4M | AAPL, GOOG, DFIC, DFCF, C |
| Q3 2025 | 350 | $520.0M | AAPL, DFIC, GOOG, DFCF, UBER |
| Q2 2025 | 434 | $490.8M | AAPL, DFIC, DFCF, SCHW, UBER |
| Q1 2025 | 457 | $444.7M | AAPL, DFCF, DFIC, XLE, SCHW |
| Q4 2024 | 323 | $445.2M | AAPL, GOOG, DFIC, XLE, SCHW |
| Q3 2024 | 351 | $442.2M | AAPL, DFIC, XLE, GOOG, UBER |
| Q2 2024 | 316 | $413.5M | AAPL, GOOG, DFIC, XLE, FDX |
| Q1 2024 | 311 | $410.0M | DFIC, XLE, AAPL, SCHW, GOOG |