Cetera Trust Company, N.A

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Cetera Trust Company, N.A reported 353 stock positions worth $178.6 million. Its top holding was Apple (AAPL) at 5.8% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Lam Research (LRCX, 3.1%). Compared with Q2 2025, it opened 7 new positions, sold out of 13, added to 20 and reduced 39. The biggest buy was Newmont (NEM, shares +1%) and the biggest sale Caterpillar (CAT, shares −84%).

Most Recent 13F
Q2 2026
Location
ST. PAUL, MN
CIK
0002005547
Portfolio Value
$178.6M (Q3 2025)
SEC Filing
0002005547-25-000008 ↗ filed Nov 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $166.2M Q1 2024 Q2 2024: $159.3M Q2 2024 Q3 2024: $163.5M Q3 2024 Q4 2024: $154.0M Q4 2024 Q1 2025: $156.9M Q1 2025 Q2 2025: $167.5M Q2 2025 Q3 2025: $178.6M $178.6M Q3 2025 Q4 2025: $187.0M Q4 2025 Q1 2026: $176.9M Q1 2026 Q2 2026: $199.3M Q2 2026

Holdings 353 stocks · $178.6M
AAPL Apple Inc. 5.84% 40,992 $10.4M Reduce -5.5%
MSFT Microsoft Corp. 3.95% 13,615 $7.1M Reduce -0.9%
LRCX Lam Research Corp. 3.06% 40,760 $5.5M Reduce -0.6%
JPM JPMorgan Chase & Co. 3.00% 16,969 $5.4M Reduce -0.1%
MCK McKesson Corp. 2.79% 6,450 $5.0M No change
AMZN Amazon.com Inc. 2.55% 20,732 $4.6M Reduce -0.7%
GOOGL Alphabet Inc. Class A 2.48% 18,218 $4.4M Reduce -0.1%
WMT Walmart Inc. 2.42% 41,890 $4.3M Reduce -0.7%
AVGO Broadcom Inc. 2.32% 12,550 $4.1M Reduce -0.6%
BLK BlackRock Inc. 1.99% 3,047 $3.6M Add +0.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.93% 66,818 $3.4M Reduce -0.3%
V Visa Inc. Class A 1.91% 9,990 $3.4M No change
HCA HCA Healthcare Inc. 1.89% 7,940 $3.4M No change
RTX RTX Corp. 1.76% 18,752 $3.1M Reduce -0.4%
TMUS T-Mobile US Inc. 1.61% 11,975 $2.9M Reduce -0.4%
SCHW Schwab (charles) Corp. 1.52% 28,505 $2.7M Reduce -0.3%
AMGN Amgen Inc. 1.48% 9,353 $2.6M No change
MCD McDonald's Corp. 1.43% 8,394 $2.6M Reduce -0.5%
AVDE Avantis International Equity 1.30% 29,437 $2.3M No change
GM General Motors Co. 1.29% 37,734 $2.3M No change
MET Metlife Inc. 1.27% 27,435 $2.3M No change
CRM Salesforce Inc. 1.25% 9,436 $2.2M Add +0.3%
HON Honeywell International Inc. 1.25% 10,618 $2.2M Reduce -0.0%
TMO Thermo Fisher Scientific Inc. 1.25% 4,586 $2.2M Add +1.8%
GOOG Alphabet Inc. Class C 1.15% 8,444 $2.1M Reduce -0.9%
DAL Delta Air Lines Inc. 1.13% 35,654 $2.0M Add +1.0%
KO The Coca-Cola Co. 1.13% 30,371 $2.0M No change
FDX FedEx Corp. 1.05% 7,925 $1.9M Reduce -0.3%
UNH Unitedhealth Group Inc. 1.01% 5,215 $1.8M Reduce -2.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.95% 14,817 $1.7M No change
WFC Wells Fargo & Co. 0.95% 20,226 $1.7M No change
NEM Newmont Corp. 0.91% 19,233 $1.6M Add +0.5%
MMM 3M Co. 0.90% 10,356 $1.6M No change
LLY Eli Lilly & Co. 0.89% 2,087 $1.6M No change
MCHP Microchip Technology Inc. 0.85% 23,544 $1.5M Add +0.4%
CVX Chevron Corp. 0.79% 9,106 $1.4M No change
CMCSA Comcast Corp. Class A 0.78% 44,304 $1.4M Reduce -4.1%
ELV Elevance Health Inc. 0.77% 4,256 $1.4M Add +1.8%
PHM Pultegroup Inc. 0.76% 10,252 $1.4M Reduce -1.4%
BKR Baker Hughes Co. 0.70% 25,491 $1.2M Reduce -5.2%
AIG American International Group 0.69% 15,584 $1.2M Add +3.0%
AVEM Avantis Emerging Markets Eq 0.65% 15,357 $1.2M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.61% 1,636 $1.1M No change
AXP American Express Co. 0.61% 3,260 $1.1M No change
ECL Ecolab Inc. 0.60% 3,942 $1.1M No change
ABT Abbott Laboratories 0.58% 7,699 $1.0M No change
TSM Taiwan Semiconductor-SP ADR 0.55% 3,530 $986K Reduce -0.7%
CVS CVS Health Corp. 0.53% 12,593 $949K Add +2.6%
COST Costco Wholesale Corp. 0.52% 1,009 $934K No change
CW Curtiss-Wright Corp. 0.46% 1,525 $828K Reduce -0.7%
ROP Roper Technologies Inc. 0.41% 1,465 $731K No change
META Meta Platforms Inc. Class A 0.40% 983 $722K No change
BRK.B Berkshire Hathaway Inc. Class B 0.39% 1,387 $697K No change
SAP Sap SE-Sponsored ADR 0.37% 2,495 $667K No change
LPRO Open Lending Corp. 0.36% 307,500 $649K No change
MTZ Mastec Inc. 0.36% 3,035 $646K No change
EVR Evercore Inc. Class A 0.34% 1,820 $614K No change
MS Morgan Stanley 0.34% 3,804 $605K No change
MRK Merck & Co. Inc. 0.33% 7,054 $592K No change
DG Dollar General Corp. 0.33% 5,685 $588K Add +15.8%
ATI Ati Inc. 0.33% 7,173 $583K No change
CB Chubb Ltd. 0.32% 2,050 $579K No change
COHR Coherent Corp. 0.32% 5,260 $567K No change
FLEX Flex Ltd. 0.31% 9,600 $557K No change
MUFG Mitsubishi Ufj Finl-Spon ADR 0.29% 33,020 $526K No change
ASML ASML Holding NV-NY Reg SHS 0.29% 535 $518K No change
AMP Ameriprise Financial Inc. 0.29% 1,050 $516K No change
LGND Ligand Pharmaceuticals 0.29% 2,880 $510K No change
SONY Sony Group Corp. - SP ADR 0.28% 17,450 $502K No change
AX Axos Financial Inc. 0.26% 5,470 $463K No change
NVS Novartis AG-Sponsored ADR 0.26% 3,552 $456K Reduce -4.7%
HALO Halozyme Therapeutics Inc. 0.25% 6,200 $455K No change
ING ING Groep N.V.-Sponsored ADR 0.25% 17,430 $455K No change
LYG Lloyds Banking Group PLC-ADR 0.25% 99,725 $453K No change
NXPI NXP Semiconductors NV 0.25% 1,980 $451K No change
CACI Caci International Inc. Class A 0.25% 895 $446K Add +0.6%
WELL Welltower Inc. 0.25% 2,490 $444K No change
SNX TD Synnex Corp. 0.25% 2,690 $440K No change
TM Toyota Motor Corp. -Spon ADR 0.24% 2,215 $423K No change
PFGC Performance Food Group Co. 0.23% 3,876 $403K No change
UPS United Parcel Service Class B 0.22% 4,798 $401K Reduce -3.0%
UL Unilever PLC 0.22% 6,680 $396K Add +3.1%
NEE Nextera Energy Inc. 0.22% 5,104 $385K No change
AMG Affiliated Managers Group 0.21% 1,580 $377K No change
QQQ Invesco QQQ Trust Series 1 0.21% 627 $376K No change
GE General Electric filed as GE AEROSPACE 0.21% 1,242 $374K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.21% 3,660 $373K No change
AZN Astrazeneca PLC-Spons ADR 0.20% 4,745 $364K No change
MKSI MKS Inc. 0.20% 2,915 $361K No change
SPG Simon Property Group Inc. 0.20% 1,915 $359K No change
WMS Advanced Drainage Systems Inc. 0.20% 2,575 $357K No change
GTLS Chart Industries Inc. 0.20% 1,775 $355K No change
DLR Digital Realty Trust Inc. 0.20% 2,040 $353K No change
NBIX Neurocrine Biosciences Inc. 0.19% 2,430 $341K No change
VTR Ventas Inc. 0.19% 4,865 $341K No change
CWK Cushman & Wakefield UK Holdc 0.19% 21,260 $338K No change
BYD Boyd Gaming Corp. 0.19% 3,855 $333K No change
PG The Procter & Gamble Co. 0.19% 2,168 $333K No change
PHG Koninklijke Philips NVR- NY 0.19% 12,173 $332K No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.18% 10,094 $329K No change

Show all 353 holdings

Portfolio Sells Q2 2025 → Q3 2025
CAT Caterpillar Inc. Reduce -83.7% 0.10% −0.41
LPLA LPL Financial Holdings Inc. Reduce -83.5% 0.04% −0.23
HON Honeywell International Inc. Reduce -0.0% 1.25% −0.23
CMCSA Comcast Corp. Class A Reduce -4.1% 0.78% −0.21
AMZN Amazon.com Inc. Reduce -0.7% 2.55% −0.19
CDNA Caredx Inc. Sold out 0.00% −0.14
MSFT Microsoft Corp. Reduce -0.9% 3.95% −0.13
VYX NCR Voyix Corp. Sold out 0.00% −0.12
AMED Amedisys Inc. Sold out 0.00% −0.10
TMUS T-Mobile US Inc. Reduce -0.4% 1.61% −0.10
IVE iShares S&P 500 Value ETF Sold out 0.00% −0.10
NVEE NV5 Global Inc. Sold out 0.00% −0.10
UPS United Parcel Service Class B Reduce -3.0% 0.22% −0.07
RPD RAPID7 Inc. Sold out 0.00% −0.07
SBAC SBA Communications Corp. Reduce -8.6% 0.12% −0.05
WMT Walmart Inc. Reduce -0.7% 2.42% −0.05
EMN Eastman Chemical Co. Reduce -9.3% 0.11% −0.04
MCD McDonald's Corp. Reduce -0.5% 1.43% −0.04
IBM Intl Business Machines Corp. Reduce -8.8% 0.16% −0.04
SCHW Schwab (charles) Corp. Reduce -0.3% 1.52% −0.03
FDX FedEx Corp. Reduce -0.3% 1.05% −0.03
AMH American Homes 4 Rent- A Reduce -15.1% 0.08% −0.03
TGT Target Corp. Reduce -6.1% 0.12% −0.03
IWM iShares Russell 2000 ETF Reduce -24.9% 0.10% −0.03
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.02
XOM Exxon Mobil Corp. Reduce -8.7% 0.17% −0.02
COP Conocophillips Reduce -25.1% 0.05% −0.02
NVS Novartis AG-Sponsored ADR Reduce -4.7% 0.26% −0.01
PSX Phillips 66 Sold out 0.00% −0.01
AWK American Water Works Co. Inc. Reduce -40.0% 0.01% −0.01
CME Cme Group Inc. Sold out 0.00% −0.01
GIS General Mills Inc. Reduce -23.4% 0.02% −0.01
FTV Fortive Corp. Reduce -45.0% 0.01% −0.01
CNC Centene Corp. Sold out 0.00% −0.01
TTEK Tetra Tech Inc. Sold out 0.00% −0.01
RF Regions Financial Corp. Reduce -7.5% 0.18% −0.01
TSLA Tesla Inc. Sold out 0.00% −0.00
PEP Pepsico Inc. Reduce -2.1% 0.15% −0.00
WLK Westlake Corp. Sold out 0.00% −0.00
CW Curtiss-Wright Corp. Reduce -0.7% 0.46% +0.02
UNH Unitedhealth Group Inc. Reduce -2.1% 1.01% +0.02
BAC Bank of America Corp. Reduce -0.3% 1.93% +0.04
JPM JPMorgan Chase & Co. Reduce -0.1% 3.00% +0.06
TSM Taiwan Semiconductor-SP ADR Reduce -0.7% 0.55% +0.07
BKR Baker Hughes Co. Reduce -5.2% 0.70% +0.08
PHM Pultegroup Inc. Reduce -1.4% 0.76% +0.10
RTX RTX Corp. Reduce -0.4% 1.76% +0.12
AVGO Broadcom Inc. Reduce -0.6% 2.32% +0.24
GOOG Alphabet Inc. Class C Reduce -0.9% 1.15% +0.25
AAPL Apple Inc. Reduce -5.5% 5.84% +0.53

Portfolio Buys Q2 2025 → Q3 2025
NEM Newmont Corp. Add +0.5% 0.91% +0.24
TMO Thermo Fisher Scientific Inc. Add +1.8% 1.25% +0.15
FROG Jfrog Ltd. New 0.14% +0.14
WAY Waystar Holding Corp. New 0.14% +0.14
ICUI Icu Medical Inc. New 0.13% +0.13
MGNI Magnite Inc. New 0.12% +0.12
HAE Haemonetics Corp. New 0.12% +0.12
DAL Delta Air Lines Inc. Add +1.0% 1.13% +0.10
BLK BlackRock Inc. Add +0.8% 1.99% +0.09
MTDR Matador Resources Co. New 0.09% +0.09
ELF Elf Beauty Inc. Add +130.8% 0.10% +0.06
PGNY Progyny Inc. Add +221.4% 0.05% +0.03
CVS CVS Health Corp. Add +2.6% 0.53% +0.03
GSK GSK PLC-Spon ADR Add +5.7% 0.18% +0.02
ASO Academy Sports & Outdoors Inc. Add +8.2% 0.10% +0.01
RAL Ralliant Corp. New 0.00% +0.00
KBR KBR Inc. Add +7.9% 0.13% −0.00
CACI Caci International Inc. Class A Add +0.6% 0.25% −0.00
DG Dollar General Corp. Add +15.8% 0.33% −0.01
CHDN Churchill Downs Inc. Add +1.1% 0.12% −0.01
AXTA Axalta Coating Systems Ltd. Add +0.7% 0.12% −0.01
UL Unilever PLC Add +3.1% 0.22% −0.01
BUD Anheuser-Busch Inbev-SPN ADR Add +5.4% 0.13% −0.02
AIG American International Group Add +3.0% 0.69% −0.09
MCHP Microchip Technology Inc. Add +0.4% 0.85% −0.14
ELV Elevance Health Inc. Add +1.8% 0.77% −0.20
CRM Salesforce Inc. Add +0.3% 1.25% −0.28

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 345$199.3MLRCX, AAPL, GOOGL, JPM, MSFT
Q1 2026 351$176.9MAAPL, LRCX, MCK, WMT, MSFT
Q4 2025 358$187.0MAAPL, LRCX, MSFT, GOOGL, JPM
Q3 2025 353$178.6MAAPL, MSFT, LRCX, JPM, MCK
Q2 2025 359$167.5MAAPL, MSFT, JPM, MCK, AMZN
Q1 2025 373$156.9MAAPL, MSFT, MCK, JPM, AMZN
Q4 2024 387$154.0MAAPL, MSFT, AMZN, JPM, WMT
Q3 2024 400$163.5MAAPL, MSFT, AMZN, JPM, WMT
Q2 2024 408$159.3MAAPL, MSFT, LRCX, AMZN, MCK
Q1 2024 414$166.2MAAPL, MSFT, LRCX, AMZN, MCK