Brave Asset Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 8, 2026), Brave Asset Management Inc. reported 164 stock positions worth $423.9 million. Its top holding was iShares MSCI Eafe Value ETF (EFV) at 12.2% of the portfolio, followed by SS Technology Select Sector (XLK, 9.1%) and iShares Core U.S. Aggregate (AGG, 9.0%). Compared with Q3 2025, it opened 10 new positions, sold out of 11, added to 28 and reduced 45. The biggest buy was iShares MSCI Eafe Value ETF (EFV, shares +4%) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Summit, NJ
- CIK
- 0001085867
- Portfolio Value
- $423.9M (Q4 2025)
- SEC Filing
- 0001172661-26-000070 ↗ filed Jan 8, 2026
Holdings Value
Holdings 164 stocks · $423.9M
| EFV iShares MSCI Eafe Value ETF | 12.18% | 722,977 | $51.6M | Add +3.8% |
| XLK SS Technology Select Sector | 9.06% | 266,690 | $38.4M | Add +0.2% |
| AGG iShares Core U.S. Aggregate | 9.02% | 382,740 | $38.2M | Reduce -0.3% |
| AAPL Apple Inc. | 5.56% | 86,690 | $23.6M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 4.81% | 64,941 | $20.4M | Reduce -0.3% |
| VOO Vanguard S&P 500 ETF | 4.70% | 31,740 | $19.9M | Reduce -1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.60% | 28,623 | $19.5M | Add +4.0% |
| MSFT Microsoft Corp. | 4.48% | 39,230 | $19.0M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 3.63% | 47,804 | $15.4M | Reduce -0.0% |
| ZD Ziff Davis Inc. | 3.48% | 420,155 | $14.8M | Add +3.4% |
| IAU iShares Gold Trust | 3.47% | 181,106 | $14.7M | Reduce -2.7% |
| XLV SS Health Care Select Sector | 3.15% | 86,137 | $13.3M | Add +1.1% |
| AMZN Amazon.com Inc. | 2.42% | 44,413 | $10.3M | Reduce -1.2% |
| XLY SS Consumer Disc Select Sect | 1.96% | 69,472 | $8.3M | Add +2.3% |
| VEU Vanguard Ftse All-World Ex-U | 1.74% | 100,487 | $7.4M | Add +0.0% |
| AXP American Express Co. | 1.40% | 16,064 | $5.9M | Add +0.3% |
| XLP SS Consumer Staples Sel Sect | 1.39% | 75,596 | $5.9M | Add +2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 8,098 | $4.1M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 0.90% | 12,222 | $3.8M | Reduce -2.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.72% | 71,818 | $3.1M | Add +2.8% |
| GLW Corning Inc. | 0.71% | 34,250 | $3.0M | Reduce -1.1% |
| IVE iShares S&P 500 Value ETF | 0.66% | 13,242 | $2.8M | Reduce -0.1% |
| NVDA Nvidia Corp. | 0.53% | 11,946 | $2.2M | Reduce -19.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.51% | 7,229 | $2.1M | Reduce -3.3% |
| NOC Northrop Grumman Corp. | 0.48% | 3,598 | $2.1M | No change |
| JNJ Johnson & Johnson | 0.46% | 9,477 | $2.0M | Reduce -0.2% |
| WTM White Mountains Insurance GP | 0.45% | 924 | $1.9M | No change |
| BX Blackstone Inc. | 0.45% | 12,419 | $1.9M | No change |
| LLY Eli Lilly & Co. | 0.44% | 1,737 | $1.9M | Reduce -7.7% |
| GS Goldman Sachs Group Inc. | 0.39% | 1,882 | $1.7M | Reduce -21.0% |
| ALL Allstate Corp. | 0.39% | 7,865 | $1.6M | No change |
| KO The Coca-Cola Co. | 0.35% | 21,249 | $1.5M | Reduce -10.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 26,999 | $1.5M | No change |
| CSCO Cisco Systems Inc. | 0.35% | 19,143 | $1.5M | Add +0.0% |
| PFF iShares Preferred & Income S | 0.34% | 47,168 | $1.5M | Reduce -6.3% |
| MRK Merck & Co. Inc. | 0.34% | 13,734 | $1.4M | Reduce -2.1% |
| YUM Yum! Brands Inc. | 0.30% | 8,387 | $1.3M | Reduce -4.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.27% | 5,994 | $1.1M | Add +1.4% |
| APO Apollo Global Management Inc. | 0.27% | 7,778 | $1.1M | No change |
| AMGN Amgen Inc. | 0.26% | 3,341 | $1.1M | Reduce -5.2% |
| VZ Verizon Communications Inc. | 0.26% | 26,566 | $1.1M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 0.25% | 7,357 | $1.1M | Reduce -1.2% |
| MMM 3M Co. | 0.25% | 6,495 | $1.0M | Reduce -5.5% |
| MA Mastercard Inc. Class A | 0.23% | 1,723 | $984K | Reduce -1.1% |
| CRSP Crispr Therapeutics AG | 0.22% | 18,034 | $946K | Add +38.4% |
| MKL Markel Group Inc. | 0.22% | 439 | $944K | No change |
| C Citigroup Inc. | 0.22% | 8,024 | $936K | Reduce -11.1% |
| T AT&T Inc. | 0.20% | 33,922 | $843K | No change |
| RDNT Radnet Inc. | 0.20% | 11,791 | $841K | No change |
| HD Home Depot Inc. | 0.20% | 2,444 | $841K | Add +3.3% |
| LOW Lowe's Cos Inc. | 0.20% | 3,445 | $831K | No change |
| CSX CSX Corp. | 0.19% | 22,641 | $821K | No change |
| XOM Exxon Mobil Corp. | 0.19% | 6,809 | $819K | No change |
| ORCL Oracle Corp. | 0.19% | 4,183 | $815K | Reduce -26.7% |
| TRV The Travelers Cos Inc. | 0.19% | 2,710 | $786K | Reduce -2.5% |
| MET Metlife Inc. | 0.18% | 9,850 | $778K | No change |
| HON Honeywell International Inc. | 0.18% | 3,878 | $757K | Reduce -5.3% |
| MCO Moody's Corp. | 0.18% | 1,463 | $747K | No change |
| EMR Emerson Electric Co. | 0.17% | 5,386 | $715K | Reduce -9.7% |
| META Meta Platforms Inc. Class A | 0.17% | 1,072 | $708K | Add +38.9% |
| NEM Newmont Corp. | 0.16% | 6,900 | $689K | Reduce -13.8% |
| TXT Textron Inc. | 0.16% | 7,800 | $680K | Reduce -2.5% |
| ABT Abbott Laboratories | 0.16% | 5,405 | $677K | Reduce -7.7% |
| TXN Texas Instruments Inc. | 0.16% | 3,843 | $667K | Add +0.4% |
| CVX Chevron Corp. | 0.16% | 4,366 | $665K | Add +3.1% |
| KMI Kinder Morgan Inc. | 0.15% | 23,500 | $646K | No change |
| ADBE Adobe Inc. | 0.15% | 1,842 | $645K | Reduce -1.1% |
| ADP Automatic Data Processing | 0.15% | 2,473 | $636K | No change |
| HIG Hartford Insurance Group Inc. | 0.15% | 4,487 | $618K | No change |
| GLD SPDR Gold Shares | 0.14% | 1,472 | $583K | No change |
| VLO Valero Energy Corp. | 0.14% | 3,555 | $579K | No change |
| DE Deere & Co. | 0.14% | 1,229 | $572K | Add +0.5% |
| XLF SS Financial Select Sector | 0.13% | 10,374 | $568K | No change |
| ABBV Abbvie Inc. | 0.13% | 2,447 | $559K | Reduce -9.3% |
| CRS Carpenter Technology | 0.13% | 1,760 | $554K | No change |
| COP Conocophillips | 0.13% | 5,846 | $547K | Add +3.8% |
| HII Huntington Ingalls Industrie | 0.13% | 1,583 | $538K | No change |
| WMS Advanced Drainage Systems Inc. | 0.12% | 3,600 | $521K | No change |
| WAT Waters Corp. | 0.12% | 1,366 | $519K | No change |
| SLV iShares Silver Trust | 0.12% | 7,816 | $504K | Reduce -17.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 818 | $503K | Reduce -9.3% |
| NFLX Netflix Inc. | 0.12% | 5,330 | $500K | Add +1.9% |
| GE General Electric filed as GE AEROSPACE | 0.12% | 1,621 | $499K | No change |
| PH Parker Hannifin Corp. | 0.12% | 555 | $488K | Add +0.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.11% | 1,014 | $475K | Add +24.6% |
| IBIT iShares Bitcoin Trust ETF | 0.11% | 9,168 | $455K | Reduce -18.6% |
| ITW Illinois Tool Works | 0.11% | 1,843 | $454K | No change |
| B Barrick Mining Corp. | 0.10% | 10,000 | $436K | No change |
| CR Crane Co. | 0.10% | 2,355 | $434K | No change |
| VGSH Vanguard Short-Term Treasury | 0.10% | 7,382 | $434K | Reduce -1.8% |
| AFL Aflac Inc. | 0.10% | 3,859 | $426K | No change |
| WPM Wheaton Precious Metals Corp. | 0.10% | 3,583 | $421K | Reduce -16.8% |
| FLR Fluor Corp. | 0.10% | 10,400 | $412K | No change |
| BND Vanguard Total Bond Market | 0.10% | 5,524 | $409K | Reduce -0.2% |
| TPL Texas Pacific Land Corp. | 0.09% | 1,401 | $402K | No change |
| CACC Credit Acceptance Corp. | 0.09% | 891 | $395K | No change |
| ROM Proshares Ultra Technology | 0.09% | 4,176 | $394K | No change |
| LNC Lincoln National Corp. | 0.09% | 8,736 | $389K | No change |
| ET Energy Transfer LP | 0.09% | 23,178 | $382K | No change |
| AMD Advanced Micro Devices | 0.09% | 1,779 | $381K | New |
Options reported separately and not counted above: CRSP calls ($650K), NOC puts ($285K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $2K (not counted above)
Total filed on the 13F, all lines: $423.9M.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -0.1% | 4.48% | −0.49 |
| AGG iShares Core U.S. Aggregate | Reduce -0.3% | 9.02% | −0.38 |
| ORCL Oracle Corp. | Reduce -26.7% | 0.19% | −0.20 |
| NVDA Nvidia Corp. | Reduce -19.2% | 0.53% | −0.15 |
| VOO Vanguard S&P 500 ETF | Reduce -1.2% | 4.70% | −0.11 |
| GS Goldman Sachs Group Inc. | Reduce -21.0% | 0.39% | −0.07 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −0.07 |
| IBIT iShares Bitcoin Trust ETF | Reduce -18.6% | 0.11% | −0.07 |
| URA Global X Uranium ETF | Sold out | 0.00% | −0.07 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.05 |
| INTC Intel Corp. | Sold out | 0.00% | −0.05 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.05 |
| SQQQ Proshares TR | Sold out | 0.00% | −0.05 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.05 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.05 |
| M Macy's Inc. | Sold out | 0.00% | −0.05 |
| MTDR Matador Resources Co. | Sold out | 0.00% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -0.0% | 3.63% | −0.05 |
| PFF iShares Preferred & Income S | Reduce -6.3% | 0.34% | −0.04 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.04 |
| PLUG Plug Power Inc. | Reduce -58.4% | 0.02% | −0.04 |
| KO The Coca-Cola Co. | Reduce -10.8% | 0.35% | −0.04 |
| DVN Devon Energy Corp. | Reduce -31.1% | 0.08% | −0.03 |
| HON Honeywell International Inc. | Reduce -5.3% | 0.18% | −0.03 |
| ABT Abbott Laboratories | Reduce -7.7% | 0.16% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -0.5% | 0.26% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -1.2% | 0.25% | −0.03 |
| YUM Yum! Brands Inc. | Reduce -4.0% | 0.30% | −0.02 |
| EMR Emerson Electric Co. | Reduce -9.7% | 0.17% | −0.02 |
| ABBV Abbvie Inc. | Reduce -9.3% | 0.13% | −0.02 |
| WPM Wheaton Precious Metals Corp. | Reduce -16.8% | 0.10% | −0.02 |
| PFE Pfizer Inc. | Reduce -13.9% | 0.07% | −0.02 |
| MMM 3M Co. | Reduce -5.5% | 0.25% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -9.3% | 0.12% | −0.01 |
| DIS The Walt Disney Co. | Reduce -11.2% | 0.07% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -3.3% | 0.51% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -1.1% | 0.23% | −0.01 |
| ADBE Adobe Inc. | Reduce -1.1% | 0.15% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -0.1% | 0.66% | −0.01 |
| VGSH Vanguard Short-Term Treasury | Reduce -1.8% | 0.10% | −0.01 |
| TXT Textron Inc. | Reduce -2.5% | 0.16% | −0.00 |
| TRV The Travelers Cos Inc. | Reduce -2.5% | 0.19% | −0.00 |
| BND Vanguard Total Bond Market | Reduce -0.2% | 0.10% | −0.00 |
| C Citigroup Inc. | Reduce -11.1% | 0.22% | −0.00 |
| NEM Newmont Corp. | Reduce -13.8% | 0.16% | −0.00 |
| NYT New York Times Co. Class A | Reduce -3.6% | 0.06% | +0.01 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 2.42% | +0.01 |
| GLW Corning Inc. | Reduce -1.1% | 0.71% | +0.01 |
| AMGN Amgen Inc. | Reduce -5.2% | 0.26% | +0.01 |
| SLV iShares Silver Trust | Reduce -17.9% | 0.12% | +0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| EFV iShares MSCI Eafe Value ETF | Add +3.8% | 12.18% | +0.64 |
| XLV SS Health Care Select Sector | Add +1.1% | 3.15% | +0.25 |
| AAPL Apple Inc. | Add +0.1% | 5.56% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.0% | 4.60% | +0.13 |
| AXP American Express Co. | Add +0.3% | 1.40% | +0.10 |
| AMD Advanced Micro Devices | New | 0.09% | +0.09 |
| SQQQ Proshares Ultrapro Short QQQ | New | 0.09% | +0.09 |
| BMY Bristol-Myers Squibb Co. | New | 0.06% | +0.06 |
| DOV Dover Corp. | New | 0.05% | +0.05 |
| FCX Freeport-McMoran Inc. | New | 0.05% | +0.05 |
| SHOP Shopify Inc. Class A | New | 0.05% | +0.05 |
| SAFT Safety Insurance Group Inc. | New | 0.05% | +0.05 |
| SMR Nuscale Power Corp. | New | 0.03% | +0.03 |
| META Meta Platforms Inc. Class A | Add +38.9% | 0.17% | +0.03 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.35% | +0.03 |
| KSCP Knightscope Inc. Class A | New | 0.02% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.0% | 1.74% | +0.02 |
| CRSP Crispr Therapeutics AG | Add +38.4% | 0.22% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +24.6% | 0.11% | +0.01 |
| PH Parker Hannifin Corp. | Add +0.4% | 0.12% | +0.01 |
| XRX Xerox Holdings Corp. | Add +176.9% | 0.03% | +0.01 |
| SNOW LAKE RES LTD | New | 0.01% | +0.01 |
| GBTC Grayscale Bitcoin Trust ETF | Add +51.4% | 0.07% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.4% | 0.27% | +0.00 |
| COP Conocophillips | Add +3.8% | 0.13% | −0.00 |
| DE Deere & Co. | Add +0.5% | 0.14% | −0.00 |
| CVX Chevron Corp. | Add +3.1% | 0.16% | −0.00 |
| SRFM Surf Air Mobility Inc. | Add +60.0% | 0.02% | −0.01 |
| OXY Occidental Petroleum Corp. | Add +6.1% | 0.07% | −0.01 |
| TXN Texas Instruments Inc. | Add +0.4% | 0.16% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +2.8% | 0.72% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Add +2.6% | 1.39% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 0.96% | −0.03 |
| XLY SS Consumer Disc Select Sect | Add +2.3% | 1.96% | −0.03 |
| NFLX Netflix Inc. | Add +1.9% | 0.12% | −0.04 |
| HD Home Depot Inc. | Add +3.3% | 0.20% | −0.04 |
| XLK SS Technology Select Sector | Add +0.2% | 9.06% | −0.10 |
| ZD Ziff Davis Inc. | Add +3.4% | 3.48% | −0.30 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 2,500 | $1.7Mbefore exit |
| GS Goldman Sachs Group Inc. | put | Sold out | 1,000 | $796Kbefore exit |
| CRSP Crispr Therapeutics AG | call | Reduce -13.9% | 12,400 | $650K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| RBOT.WS Vicarious Surgical Inc.-CW27 | *W EXP 09/17/202 | Sold out | 25,000 | $500before exit |
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 | 144 | $467.5M | EFV, XLK, AGG, ZD, AAPL |
| Q1 2026 | 154 | $420.8M | EFV, AGG, XLK, AAPL, ZD |
| Q4 2025 | 164 | $423.9M | EFV, XLK, AGG, AAPL, GOOG |
| Q3 2025 | 165 | $409.4M | EFV, AGG, XLK, AAPL, MSFT |
| Q2 2025 | 162 | $367.2M | EFV, AGG, XLK, MSFT, VOO |
| Q1 2025 | 157 | $318.1M | EFV, XLK, SPY, AAPL, VOO |
| Q4 2024 | 159 | $314.5M | XLK, EFV, AAPL, SPY, ZD |
| Q3 2024 | 162 | $402.6M | AGG, XLK, EFV, IAU, AAPL |
| Q2 2024 | 157 | $392.5M | AGG, XLK, QQQ, EFV, AAPL |
| Q1 2024 | 164 | $385.2M | AGG, XLK, QQQ, EFV, ZD |