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

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $410.0M Q1 2024 Q2 2024: $413.5M Q2 2024 Q3 2024: $442.2M Q3 2024 Q4 2024: $445.2M Q4 2024 Q1 2025: $444.7M Q1 2025 Q2 2025: $490.8M Q2 2025 Q3 2025: $520.0M $520.0M Q3 2025 Q4 2025: $544.4M Q4 2025 Q1 2026: $587.3M Q1 2026 Q2 2026: $674.4M Q2 2026

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%
SCHP Schwab U.S. Tips ETF 0.05% 10,000 $270K No change
DFAE Dimensional Emerging Core Eq 0.05% 8,354 $263K No change
PEP Pepsico Inc. 0.05% 1,783 $250K Reduce -0.7%
BLK BlackRock Inc. 0.05% 205 $239K Reduce -2.8%
VYM Vanguard High DVD Yield ETF 0.04% 1,660 $234K Add +286.1%
ITW Illinois Tool Works 0.04% 885 $231K Reduce -4.8%
GTLS Chart Industries Inc. 0.04% 1,120 $224K Reduce -93.8%
AFL Aflac Inc. 0.04% 2,000 $223K No change
MELI MercadoLibre Inc. 0.04% 95 $222K No change
SCHO Schwab Short-Term US Treas 0.04% 8,898 $217K No change
MA Mastercard Inc. Class A 0.04% 364 $207K Reduce -1.1%
HD Home Depot Inc. 0.04% 500 $203K Reduce -5.7%
IWB iShares Russell 1000 ETF 0.04% 550 $201K No change
AMT American Tower Corp. 0.04% 1,004 $193K No change
ISRG Intuitive Surgical Inc. 0.04% 415 $186K No change
HRL Hormel Foods Corp. 0.04% 7,500 $186K No change
TMSL T.rowe PRC Small-Mid Cap ETF 0.03% 5,000 $176K No change
BIV Vanguard Intermediate-Term B 0.03% 2,206 $172K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 600 $169K Reduce -4.3%
SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD 0.03% 5,000 $167K No change
CRM Salesforce Inc. 0.03% 677 $160K No change
PAYX Paychex Inc. 0.03% 1,265 $160K No change
TMO Thermo Fisher Scientific Inc. 0.03% 325 $158K No change
LIN Linde PLC 0.03% 330 $157K Reduce -4.6%
MMM 3M Co. 0.03% 1,000 $155K No change
AEP American Electric Power 0.03% 1,350 $152K No change
ADBE Adobe Inc. 0.03% 430 $152K No change
SNPS Synopsys Inc. 0.03% 305 $150K Add +8.9%
AMGN Amgen Inc. 0.03% 530 $150K No change
DHI D.R. Horton Inc. 0.03% 875 $148K No change
TTEK Tetra Tech Inc. 0.03% 4,375 $146K No change
VRSK Verisk Analytics Inc. 0.03% 578 $145K No change
TPYP Tortoise North American Pipe 0.03% 3,944 $144K No change
COP Conocophillips 0.03% 1,498 $142K Reduce -2.6%
VUSB Vanguard Ultra Short Bond Et 0.03% 2,819 $141K No change
EMR Emerson Electric Co. 0.03% 1,000 $131K No change
TMFG Motley Fool Global Opp 0.02% 4,000 $120K No change
DVN Devon Energy Corp. 0.02% 3,385 $119K No change
NEE Nextera Energy Inc. 0.02% 1,550 $117K No change
NBIS Nebius Group NV 0.02% 1,025 $115K Add +412.5%
CNQ Canadian Natural Resources 0.02% 3,600 $115K No change
PG The Procter & Gamble Co. 0.02% 748 $115K Reduce -3.6%
HIMS Hims & Hers Health Inc. 0.02% 2,024 $115K Add +8.0%
JCI Johnson Controls Internation 0.02% 1,000 $110K Reduce -0.8%
T AT&T Inc. 0.02% 3,737 $106K Reduce -6.3%
DFAR Dimensional US Real Est ETF 0.02% 4,361 $104K No change
TSLA Tesla Inc. 0.02% 227 $101K Reduce -2.2%
MCD McDonald's Corp. 0.02% 331 $101K Reduce -11.7%
UNH Unitedhealth Group Inc. 0.02% 290 $100K Reduce -90.5%
ORCL Oracle Corp. 0.02% 350 $98K Reduce -6.4%
ED Consolidated Edison Inc. 0.02% 971 $98K Reduce -0.7%
BDX Becton Dickinson and Co. 0.02% 500 $94K Reduce -8.3%
GPC Genuine Parts Co. 0.02% 666 $92K Reduce -4.6%
DHR Danaher Corp. 0.02% 450 $89K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 600 $87K Reduce -9.8%
NYT New York Times Co. Class A 0.02% 1,505 $86K No change
UAL United Airlines Holdings Inc. 0.02% 880 $85K Reduce -5.4%
SU Suncor Energy Inc. 0.02% 2,000 $84K No change
PRF Invesco Rafi US 1000 ETF 0.02% 1,836 $83K No change
EEM iShares MSCI Emerging Market 0.02% 1,500 $80K No change
SCHG Schwab US Large-Cap Growth 0.01% 2,400 $77K No change
SCHH Schwab US REIT ETF 0.01% 3,530 $76K No change
LMT Lockheed Martin Corp. 0.01% 150 $75K No change
IAU iShares Gold Trust 0.01% 1,020 $74K No change
SYK Stryker Corp. 0.01% 200 $74K Reduce -1.0%
TRMB Trimble Inc. 0.01% 900 $73K Reduce -10.0%
LNG Cheniere Energy Inc. 0.01% 300 $70K No change
IJH iShares Core S&P Midcap ETF 0.01% 1,065 $70K No change
FBIN Fortune Brands Innovations I 0.01% 1,280 $68K No change
APD Air Products & Chemicals Inc. 0.01% 250 $68K No change
BMY Bristol-Myers Squibb Co. 0.01% 1,504 $68K No change
LLY Eli Lilly & Co. 0.01% 88 $67K Add +100.0%
AMD Advanced Micro Devices 0.01% 415 $67K Add +6.4%
IVV iShares Core S&P 500 ETF 0.01% 100 $67K Reduce -48.7%
HAL Halliburton Co. 0.01% 2,702 $66K Add +0.1%
SHM SS SPDR N Ice St Muni ETF 0.01% 1,348 $65K No change
NFLX Netflix Inc. 0.01% 53 $64K Reduce -10.2%
GEHC GE Healthcare Technology 0.01% 840 $63K No change
MLPX Global X MLP & Energy Infras 0.01% 962 $60K Add +493.8%
SCHA Schwab US Small-Cap ETF 0.01% 2,032 $57K No change
WTRG Essential Utilities Inc. 0.01% 1,375 $55K Reduce -29.4%
LOGI Logitech International-Reg 0.01% 500 $55K No change
BR Broadridge Financial Solutio 0.01% 229 $55K No change
DEO Diageo PLC-Sponsored ADR 0.01% 570 $54K No change
USB US Bancorp 0.01% 1,102 $53K No change
ADSK Autodesk Inc. 0.01% 165 $52K No change
FNDB Schwab Fndmntl US BRD Mr ETF 0.01% 2,000 $51K No change
VYMI Vanguard Int High DVD YLD Inc. 0.01% 606 $51K Add +1920.0%
XLK SS Technology Select Sector 0.01% 176 $50K No change
TEL Te Connectivity PLC 0.01% 225 $49K Reduce -17.6%
IXUS iShares Core Intl Stock ETF 0.01% 594 $49K New
VCSH Vanguard S/T Corp. Bond ETF 0.01% 610 $49K Reduce -0.2%
INTC Intel Corp. 0.01% 1,443 $48K No change
VPU Vanguard Utilities ETF 0.01% 255 $48K Reduce -5.6%
ACES Alps Clean Energy ETF 0.01% 1,500 $48K No change
REZI Resideo Technologies Inc. 0.01% 1,102 $48K No change
RIG Transocean Ltd. 0.01% 15,110 $47K Add +43.1%
EOG EOG Resources Inc. 0.01% 400 $45K No change
URNM Sprott Uranium Miners ETF 0.01% 725 $44K Add +7.4%
SCHV Schwab US Large-Cap Value 0.01% 1,500 $44K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.01% 139 $41K No change
PM Philip Morris International 0.01% 250 $41K Reduce -28.6%
IP International Paper Co. 0.01% 800 $37K No change
PYPL PayPal Holdings Inc. 0.01% 550 $37K No change
EXPD Expeditors Intl Wash Inc. 0.01% 300 $37K No change
GOVT iShares US Treasury Bond ETF 0.01% 1,577 $36K Reduce -10.1%
CNX CNX Resources Corp. 0.01% 1,100 $35K No change
GIS General Mills Inc. 0.01% 700 $35K No change
GDXJ Vaneck Junior Gold Miners 0.01% 350 $35K Add +27.3%
SOFI Sofi Technologies Inc. 0.01% 1,300 $34K Add +52.9%
QQQ Invesco QQQ Trust Series 1 0.01% 57 $34K Reduce -40.6%
VGT Vanguard Info Tech ETF 0.01% 45 $34K Reduce -30.8%
AFRM Affirm Holdings Inc. 0.01% 455 $33K No change
DFSE Dimensional Em Sus CORE1 ETF 0.01% 800 $33K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.01% 153 $32K Add +3.4%
KBWB Invesco KBW Bank ETF 0.01% 400 $31K No change
SCHM Schwab US Mid Cap ETF 0.01% 1,050 $31K No change
STRL Sterling Infrastructure Inc. 0.01% 90 $31K No change
IEFA iShares Core MSCI Eafe ETF 0.01% 350 $31K No change
RRC Range Resources Corp. 0.01% 800 $30K No change
CHE Chemed Corp. 0.01% 65 $29K No change
AVB Avalonbay Communities Inc. 0.01% 150 $29K No change
SCHB Schwab US Broad Market ETF 0.01% 1,113 $29K No change
TDW Tidewater Inc. 0.01% 525 $28K Add +128.3%
EIX Edison International 0.01% 500 $28K No change
STZ Constellation Brands Inc. Class A 0.01% 200 $27K No change
OAKM Oakmark US Large Cap ETF 0.01% 1,000 $27K No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.00% 1,600 $26K Add +23.1%
DFGR Dim Global Real Estate ETF 0.00% 905 $25K No change
ABBV Abbvie Inc. 0.00% 100 $23K Reduce -40.5%
HIG Hartford Insurance Group Inc. 0.00% 172 $23K New
ARCC Ares Capital Corp. 0.00% 1,100 $22K No change
EWZ iShares MSCI Brazil ETF 0.00% 700 $22K No change
CLX Clorox Company 0.00% 175 $22K No change
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.00% 258 $21K Add +5060.0%
TUR iShares MSCI Turkey ETF 0.00% 600 $21K Reduce -47.8%
BA The Boeing Co. 0.00% 95 $21K Add +9.2%
SCHE Schwab Emrg Mrkts Eqty ETF 0.00% 611 $20K No change
FTV Fortive Corp. 0.00% 400 $20K No change
KMX Carmax Inc. 0.00% 435 $20K No change
ASML ASML Holding NV-NY Reg SHS 0.00% 20 $19K No change
GGAL Grupo Financiero Galicia-ADR 0.00% 700 $19K Reduce -30.3%
DVYE iShares Emerging Markets Div 0.00% 625 $19K No change
RTX RTX Corp. 0.00% 110 $18K Reduce -5.2%
SLV iShares Silver Trust 0.00% 431 $18K Reduce -36.0%
SOLV Solventum Corp. 0.00% 250 $18K No change
CTVA Corteva Inc. 0.00% 266 $18K No change
FANG Diamondback Energy Inc. 0.00% 125 $18K No change
SYNA Synaptics Inc. 0.00% 250 $17K No change
MBC Masterbrand Inc. 0.00% 1,280 $17K No change
GVA Granite Construction Inc. 0.00% 150 $16K No change
TEM Tempus AI Inc. Class A 0.00% 200 $16K No change
VLTO Veralto Corp. 0.00% 150 $16K No change
BAX Baxter International Inc. 0.00% 700 $16K No change
CAH Cardinal Health Inc. 0.00% 100 $16K No change
KMI Kinder Morgan Inc. 0.00% 550 $16K No change
CBRE GBL REAL ESTATE INC FD 0.00% 3,000 $15K No change
VTIP Vanguard Short-Term Tips 0.00% 300 $15K No change
LOW Lowe's Cos Inc. 0.00% 60 $15K No change
VWO Vanguard Ftse Emerging Marke 0.00% 274 $15K Add +82.7%
VEA Vanguard Ftse Developed ETF 0.00% 239 $14K Add +298.3%
CAT Caterpillar Inc. 0.00% 30 $14K Reduce -3.2%
ETV Eaton Vance T/M Buy-Writ Opp 0.00% 1,000 $14K No change
DAL Delta Air Lines Inc. 0.00% 250 $14K No change
ETSY Etsy Inc. 0.00% 206 $14K No change
EMN Eastman Chemical Co. 0.00% 200 $13K No change
PSX Phillips 66 0.00% 91 $12K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.00% 200 $12K New
WDAY Workday Inc. Class A 0.00% 50 $12K Reduce -10.7%
FORM Formfactor Inc. 0.00% 300 $11K No change
ABCL Abcellera Biologics Inc. 0.00% 2,100 $11K New
QCLN First Trust Nasdaq Clean Edg 0.00% 250 $10K No change
BMNR Bitmine Immersion Technologi 0.00% 200 $10K New
TSLX Sixth Street Specialty Lendi 0.00% 450 $10K No change
CVE Cenovus Energy Inc. 0.00% 600 $10K No change
ZETA Zeta Global Holdings Corp. Class A 0.00% 500 $10K No change
IWS iShares Russell Mid-Cap Valu 0.00% 65 $9K New
WPC WP Carey Inc. 0.00% 134 $9K No change
IWP iShares Russell Mid-Cap Grow 0.00% 60 $9K New
BE Bloom Energy Corp. Class A 0.00% 100 $8K No change
AWK American Water Works Co. Inc. 0.00% 60 $8K No change
LUV Southwest Airlines Co. 0.00% 258 $8K No change
SCHF Schwab Intl Equity ETF 0.00% 351 $8K Add +100.6%
XYZ Block Inc. 0.00% 106 $8K No change
CACI Caci International Inc. Class A 0.00% 15 $7K Reduce -40.0%
NOW ServiceNow Inc. 0.00% 8 $7K Reduce -20.0%
TOST Toast Inc. Class A 0.00% 200 $7K No change
AMLP Alerian MLP ETF 0.00% 153 $7K No change
SHEL Shell PLC-ADR 0.00% 100 $7K Reduce -13.8%
F Ford Motor Co. filed as FORD MTR CO 0.00% 597 $7K No change
CHWY Chewy Inc. Class A 0.00% 165 $7K Add +371.4%
KIM Kimco Realty Corp. 0.00% 300 $7K No change
NFG National Fuel Gas Co. 0.00% 70 $6K No change
SPOT Spotify Technology SA 0.00% 9 $6K Reduce -10.0%
GM General Motors Co. 0.00% 103 $6K No change
SPYV SS SPDR P S&P 500 Value ETF 0.00% 112 $6K New
LCID Lucid Group Inc. 0.00% 260 $6K Reduce -0.2%
DFSI Dimensional Int Sus COR1 ETF 0.00% 150 $6K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 125 $6K Reduce -14.4%
YUM Yum! Brands Inc. 0.00% 40 $6K No change
SCZ iShares MSCI Eafe Small-Cap 0.00% 79 $6K New
RAL Ralliant Corp. 0.00% 133 $6K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.00% 68 $5K New
ECC Eagle Point Credit Co. 0.00% 750 $5K No change
VNQ Vanguard Real Estate ETF 0.00% 50 $5K New
NVO Novo-Nordisk A/S-Spons ADR 0.00% 75 $4K Reduce -65.9%
PBR Petroleo Brasileiro-Spon ADR 0.00% 300 $4K Add +500.0%
IVT Inventrust Properties Corp. 0.00% 130 $4K No change
GSBD Goldman Sachs BDC Inc. 0.00% 350 $4K No change
EMB iShares JP Morgan Usd Emergi 0.00% 36 $3K New
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 25 $3K New
XIFR XPLR Infrastructure LP 0.00% 270 $3K New
ALB Albemarle Corp. 0.00% 30 $2K Reduce -90.9%
BTBT Bit Digital Inc. 0.00% 750 $2K New
RSP Invesco S&P 500 Equal Weight 0.00% 11 $2K Reduce -35.3%
HUBS HubSpot Inc. 0.00% 4 $2K No change
YUMC Yum China Holdings Inc. 0.00% 40 $2K No change
SOXL Direx Dail Semi Bu 3X Et-Usd 0.00% 48 $2K No change
EPAM Epam Systems Inc. 0.00% 10 $2K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 8 $1K New
EMBC Embecta Corp. 0.00% 100 $1K No change
IFN Aberdeen India Fund Inc. 0.00% 88 $1K No change
SHOP Shopify Inc. Class A 0.00% 8 $1K Reduce -38.5%
MRNA Moderna Inc. 0.00% 45 $1K No change
AGG iShares Core U.S. Aggregate 0.00% 11 $1K New
DASH DoorDash Inc. Class A 0.00% 4 $1K Reduce -20.0%
MUB iShares National Muni Bond E 0.00% 10 $1K New
ELF Elf Beauty Inc. 0.00% 8 $1K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.00% 6 $1K New
RACE Ferrari NV 0.00% 2 $971 Reduce -50.0%
SPMD SS SPDR P S&P 400 Midcap ETF 0.00% 15 $858 New
RIVN Rivian Automotive Inc. Class A 0.00% 50 $734 No change
NKE Nike Inc. Class B 0.00% 10 $698 No change
SPSM SS SPDR P S&P 600 Small Cap 0.00% 14 $649 New
TGT Target Corp. 0.00% 6 $539 No change
VIG Vanguard Dividend Apprec ETF 0.00% 2 $432 Reduce -96.8%
BNDX Vanguard Total Intl Bond ETF 0.00% 8 $396 Reduce -94.1%
FLG Flagstar Bank NA 0.00% 33 $382 No change
PSKY Paramount Skydance Class B 0.00% 20 $379 New
SNAP Snap Inc. Class A 0.00% 41 $317 No change
NLOP Net Lease Office Property 0.00% 8 $238 No change
RYLD Global X Russell 2000 Cov Class 0.00% 15 $226 No change
INO Inovio Pharmaceuticals Inc. 0.00% 83 $195 No change
VTRS Viatris Inc. 0.00% 19 $189 Reduce -88.8%
SEDG Solaredge Technologies Inc. 0.00% 5 $185 No change
TAP Molson Coors Beverage Co. Class B 0.00% 3 $136 No change
DECK Deckers Outdoor Corp. 0.00% 1 $102 Reduce -99.3%
CURB Curbline Properties Corp. 0.00% 2 $45 No change
VGZ Vista Gold Corp. 0.00% 16 $35 New
SITC Site Centers Corp. filed as SITE CTRS CORP 0.00% 1 $10 No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 356$674.4MGOOG, MU, AAPL, VBIL, DFIC
Q1 2026 336$587.3MGOOG, AAPL, DFIC, DFCF, XLE
Q4 2025 330$544.4MAAPL, GOOG, DFIC, DFCF, C
Q3 2025 350$520.0MAAPL, DFIC, GOOG, DFCF, UBER
Q2 2025 434$490.8MAAPL, DFIC, DFCF, SCHW, UBER
Q1 2025 457$444.7MAAPL, DFCF, DFIC, XLE, SCHW
Q4 2024 323$445.2MAAPL, GOOG, DFIC, XLE, SCHW
Q3 2024 351$442.2MAAPL, DFIC, XLE, GOOG, UBER
Q2 2024 316$413.5MAAPL, GOOG, DFIC, XLE, FDX
Q1 2024 311$410.0MDFIC, XLE, AAPL, SCHW, GOOG