Circle Wealth Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Circle Wealth Management, LLC reported 215 stock positions worth $4.5 billion. Its top holding was Apple (AAPL) at 29.9% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 12.1%) and iShares Core S&P 500 ETF (IVV, 10.1%). Compared with Q1 2025, it opened 17 new positions, sold out of 16, added to 76 and reduced 93. The biggest buy was Vanguard Info Tech ETF (VGT, shares +5053%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
SUMMIT, NJ
CIK
0001578242
Portfolio Value
$4.5B (Q2 2025)
SEC Filing
0001578242-25-000003 ↗ filed Aug 14, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $4.0B Q1 2024 Q2 2024: $4.3B Q2 2024 Q3 2024: $4.5B Q3 2024 Q4 2024: $4.7B Q4 2024 Q1 2025: $4.3B Q1 2025 Q2 2025: $4.5B $4.5B Q2 2025 Q3 2025: $5.1B Q3 2025 Q4 2025: $6.5B Q4 2025 Q1 2026: $7.0B Q1 2026 Q2 2026: $8.0B Q2 2026

Holdings 215 stocks · $4.5B
AAPL Apple Inc. 29.85% 6,544,894 $1.3B Reduce -0.4%
IWF iShares Russell 1000 Growth 12.15% 1,287,223 $546.5M Reduce -0.1%
IVV iShares Core S&P 500 ETF 10.14% 734,726 $456.2M Add +0.0%
SPY SS SPDR S&P 500 ETF Trust-US 9.85% 717,427 $443.3M Reduce -1.5%
IJH iShares Core S&P Midcap ETF 5.84% 4,237,099 $262.8M Reduce -0.3%
IJR iShares Core S&P Small-Cap E 5.10% 2,101,139 $229.6M No change
IWD iShares Russell 1000 Value E 2.62% 607,633 $118.0M No change
VTI VG Morningstar TS MKT ETF-US 1.76% 260,936 $79.3M Reduce -4.7%
VOO Vanguard S&P 500 ETF 1.75% 138,350 $78.6M Reduce -5.8%
LLY Eli Lilly & Co. 1.49% 85,864 $66.9M Add +0.1%
SCHB Schwab US Broad Market ETF 1.44% 2,721,147 $64.8M Reduce -1.3%
AMZN Amazon.com Inc. 1.38% 283,048 $62.1M Reduce -1.2%
MSFT Microsoft Corp. 1.17% 106,211 $52.8M Add +4.6%
IAU iShares Gold Trust 1.13% 815,118 $50.8M Add +0.6%
NKE Nike Inc. Class B 0.88% 555,572 $39.5M Add +0.5%
VGT Vanguard Info Tech ETF 0.64% 43,129 $28.6M Add +5052.8%
SBUX Starbucks Corp. 0.60% 293,715 $26.9M Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 0.56% 46,060 $25.4M Reduce -16.4%
IYG iShares U.S. Financial Servi 0.56% 294,600 $25.2M No change
ACWI iShares MSCI Acwi ETF 0.54% 187,610 $24.1M No change
JPM JPMorgan Chase & Co. 0.47% 72,993 $21.2M Reduce -0.6%
BRK.A Berkshire Hathaway Inc. Class A 0.47% 29 $21.1M Reduce -9.4%
XLK SS Technology Select Sector 0.37% 66,073 $16.7M Add +9.2%
GS Goldman Sachs Group Inc. 0.37% 23,326 $16.5M Add +1.7%
NVDA Nvidia Corp. 0.33% 94,351 $14.9M Add +20.9%
MRK Merck & Co. Inc. 0.32% 181,295 $14.4M Add +0.1%
VIG Vanguard Dividend Apprec ETF 0.31% 67,300 $13.8M No change
GOOGL Alphabet Inc. Class A 0.31% 78,103 $13.8M Reduce -5.5%
GOOG Alphabet Inc. Class C 0.27% 68,944 $12.2M Reduce -7.0%
META Meta Platforms Inc. Class A 0.23% 14,075 $10.4M Reduce -13.6%
RTX RTX Corp. 0.22% 66,810 $9.8M Add +0.0%
GLD SPDR Gold Shares 0.21% 30,298 $9.2M Add +7.3%
VB Vanguard Most SM-Cap ETF-Usd 0.20% 38,886 $9.2M Reduce -3.1%
IWB iShares Russell 1000 ETF 0.20% 26,221 $8.9M No change
BRK.B Berkshire Hathaway Inc. Class B 0.18% 16,774 $8.1M Reduce -2.5%
NFLX Netflix Inc. 0.18% 6,036 $8.1M Reduce -9.9%
CRWD CrowdStrike Holdings Inc. Class A 0.18% 15,706 $8.0M Add +2.1%
IWV iShares Russell 3000 ETF 0.17% 22,119 $7.8M No change
SCHX Schwab US Large-Cap ETF 0.17% 310,300 $7.6M No change
XLP SS Consumer Staples Sel Sect 0.15% 83,634 $6.8M Add +0.2%
PLTR Palantir Technologies Inc. Class A 0.14% 47,680 $6.5M Reduce -2.6%
TSLA Tesla Inc. 0.14% 19,126 $6.1M Add +29.6%
ORCL Oracle Corp. 0.12% 25,122 $5.5M Reduce -2.1%
VGK Vanguard Ftse Europe ETF 0.11% 61,738 $4.8M Add +89.1%
CARR Carrier Global Corp. 0.11% 64,974 $4.8M Reduce 0.0%
HOOD Robinhood Markets Inc. Class A 0.10% 50,006 $4.7M Add +22.9%
VHT Vanguard Health Care ETF 0.10% 17,643 $4.4M Reduce -19.7%
IEMG iShares Core MSCI Emerging 0.10% 72,506 $4.4M Reduce -13.9%
AVGO Broadcom Inc. 0.10% 15,729 $4.3M Reduce -0.3%
SNOW Snowflake Inc. 0.10% 19,168 $4.3M Reduce -21.6%
DLN Wisdomtree US Largecap Divid 0.09% 51,237 $4.2M No change
PG The Procter & Gamble Co. 0.09% 25,974 $4.1M Add +1.8%
MA Mastercard Inc. Class A 0.09% 7,146 $4.0M Reduce -0.0%
TTWO Take-Two Interactive Softwre 0.09% 16,507 $4.0M Add +1.0%
IJK iShares S&P Mid-Cap 400 Grow 0.09% 44,000 $4.0M No change
IEF iShares 7-10 Year Treasury B 0.09% 41,174 $3.9M No change
TSM Taiwan Semiconductor-SP ADR 0.08% 16,118 $3.7M Reduce -1.9%
NOW ServiceNow Inc. 0.08% 3,512 $3.6M Add +7.7%
QQQM Invesco Nasdaq 100 ETF 0.08% 15,236 $3.5M Reduce -4.0%
OTIS Otis Worldwide Corp. 0.07% 32,510 $3.2M No change
ANET Arista Networks Inc. 0.07% 31,255 $3.2M Reduce -12.2%
EPI Wisdomtree India Earnings 0.07% 66,489 $3.2M Reduce -4.4%
INTU Intuit Inc. 0.07% 3,842 $3.0M Add +11.3%
SHOP Shopify Inc. Class A 0.07% 25,355 $2.9M Reduce -11.7%
TXN Texas Instruments Inc. 0.06% 13,879 $2.9M Add +56.2%
UBER Uber Technologies Inc. 0.06% 30,739 $2.9M Add +1.6%
SPOT Spotify Technology SA 0.06% 3,353 $2.6M Add +17.1%
XLV SS Health Care Select Sector 0.05% 18,081 $2.4M Add +11.5%
VGSH Vanguard Short-Term Treasury 0.05% 39,019 $2.3M Add +41.1%
PANW Palo Alto Networks Inc. 0.05% 11,129 $2.3M Reduce -0.7%
SE Sea Ltd.-ADR 0.05% 14,068 $2.3M Add +2.9%
RXST Rxsight Inc. 0.05% 165,719 $2.2M No change
COST Costco Wholesale Corp. 0.05% 2,162 $2.1M Reduce -10.0%
MELI MercadoLibre Inc. 0.05% 779 $2.0M Reduce -2.9%
CRDO Credo Technology Group Holdi 0.04% 21,834 $2.0M Add +59.5%
LRCX Lam Research Corp. 0.04% 20,723 $2.0M Add +2.1%
EWJ iShares MSCI Japan ETF 0.04% 26,050 $2.0M Reduce -11.0%
XLF SS Financial Select Sector 0.04% 37,224 $1.9M Add +0.7%
TWLO Twilio Inc. Class A 0.04% 15,486 $1.9M Add +25.3%
VEEV Veeva Systems Inc. Class A 0.04% 6,445 $1.9M Reduce -13.3%
VYM Vanguard High DVD Yield ETF 0.04% 13,859 $1.8M Reduce -11.6%
SBAC SBA Communications Corp. 0.04% 7,695 $1.8M Add +33.0%
V Visa Inc. Class A 0.04% 5,037 $1.8M Add +6.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 10,101 $1.8M No change
WDAY Workday Inc. Class A 0.04% 7,405 $1.8M Reduce -1.5%
BKNG Booking Holdings Inc. 0.04% 306 $1.8M Reduce -10.8%
ITW Illinois Tool Works 0.04% 7,118 $1.8M Reduce -0.3%
HUBS HubSpot Inc. 0.04% 3,158 $1.8M Add +7.0%
UNH Unitedhealth Group Inc. 0.04% 5,418 $1.7M Add +29.6%
TMO Thermo Fisher Scientific Inc. 0.03% 3,800 $1.5M Add +18.5%
JNJ Johnson & Johnson 0.03% 9,975 $1.5M Add +1.7%
CMCSA Comcast Corp. Class A 0.03% 42,206 $1.5M Add +1.9%
AON Aon PLC Class A 0.03% 4,190 $1.5M Add +69.7%
IWM iShares Russell 2000 ETF 0.03% 6,749 $1.5M Reduce -10.9%
CAT Caterpillar Inc. 0.03% 3,641 $1.4M No change
IBIT iShares Bitcoin Trust ETF 0.03% 22,860 $1.4M Add +337.6%
RSP Invesco S&P 500 Equal Weight 0.03% 7,409 $1.3M No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.03% 17,971 $1.3M Add +2.9%
SNPS Synopsys Inc. 0.03% 2,425 $1.2M Reduce -2.2%
CP Canadian Pacific Kansas City 0.03% 15,596 $1.2M Add +22.9%

Show all 215 holdings

Options reported separately and not counted above: AAPL puts ($102.6M), STATE STR SPDR S&P 500 ETF T puts ($17.5M), PALANTIR TECHNOLOGIES INC puts ($4.0M), NVDA puts ($237K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $18K (not counted above)
SecurityClassShares / PrincipalValueChange
DRTSW Alpha Tau Medical Ltd. -27 *W EXP 99/99/999 80,000$18KNo change

Total filed on the 13F, all lines: $4.5B.

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -0.4% 29.85% −3.97
BRK.A Berkshire Hathaway Inc. Class A Reduce -9.4% 0.47% −0.12
SBUX Starbucks Corp. Reduce -0.1% 0.60% −0.07
CALF PCR US SM CP CSH CWS ETF-Usd Sold out 0.00% −0.06
BABA Alibaba Group Holding-SP ADR Reduce -66.9% 0.02% −0.05
VHT Vanguard Health Care ETF Reduce -19.7% 0.10% −0.04
FEZ State Street SPDR Euro Stoxx Sold out 0.00% −0.04
QQQ Invesco QQQ Trust Series 1 Reduce -16.4% 0.56% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.5% 0.18% −0.03
INTC Intel Corp. Reduce -43.6% 0.02% −0.02
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −0.02
GTLB Gitlab Inc. Class A Reduce -68.6% 0.01% −0.02
EUFN iShares MSCI Europe Financia Sold out 0.00% −0.02
ONTO Onto Innovation Inc. Sold out 0.00% −0.02
CHTR Charter Communications Inc. Class A Sold out 0.00% −0.02
XFRAX BlackRock Fltng RT Inc. Strat Sold out 0.00% −0.02
CFLT Confluent Inc. Class A Reduce -73.6% 0.01% −0.02
ESTC Elastic NV Reduce -72.8% 0.01% −0.02
WDC Western Digital Corp. Sold out 0.00% −0.02
TMUS T-Mobile US Inc. Reduce -35.9% 0.02% −0.01
GWRE Guidewire Software Inc. Sold out 0.00% −0.01
HYT BlackRock Corp. Hi YLD Sold out 0.00% −0.01
MDB Mongodb Inc. Reduce -67.1% 0.01% −0.01
NU Nu Holdings Ltd./Cayman Isl-A Reduce -48.4% 0.02% −0.01
XLE SS Energy Select Sector Reduce -51.7% 0.01% −0.01
TEAM Atlassian Corp. Class A Reduce -24.3% 0.02% −0.01
CEFS Saba Opport Hedg Cef ETF-Usd Sold out 0.00% −0.01
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.01
COWZ Pacer US Cash Cows 100 ETF Reduce -26.3% 0.02% −0.01
RDDT Reddit Inc. Class A Sold out 0.00% −0.01
ZM Zoom Communications Inc. Reduce -26.5% 0.03% −0.01
IEMG iShares Core MSCI Emerging Reduce -13.9% 0.10% −0.01
GEV GE Vernova Inc. Sold out 0.00% −0.01
GE General Electric Sold out 0.00% −0.01
SNDK Sandisk Corp. Sold out 0.00% −0.01
VYM Vanguard High DVD Yield ETF Reduce -11.6% 0.04% −0.01
BDX Becton Dickinson and Co. Reduce -0.9% 0.01% −0.01
COST Costco Wholesale Corp. Reduce -10.0% 0.05% −0.01
WAB Wabtec Corp. Reduce -22.8% 0.02% −0.00
NOBL Proshares S&P 500 Dividend A Reduce -37.5% 0.01% −0.00
FDX FedEx Corp. Reduce -5.4% 0.02% −0.00
EWJ iShares MSCI Japan ETF Reduce -11.0% 0.04% −0.00
VOO Vanguard S&P 500 ETF Reduce -5.8% 1.75% −0.00
APD Air Products & Chemicals Inc. Reduce -5.6% 0.02% −0.00
IWM iShares Russell 2000 ETF Reduce -10.9% 0.03% −0.00
SHEL Shell PLC-ADR Reduce -8.0% 0.01% −0.00
YUM Yum! Brands Inc. Reduce -4.2% 0.02% −0.00
WFC Wells Fargo & Co. Reduce -22.8% 0.01% −0.00
UNP Union Pacific Corp. Reduce -2.5% 0.02% −0.00
DDOG Datadog Inc. Class A Reduce -30.9% 0.02% −0.00

Portfolio Buys Q1 2025 → Q2 2025
VGT Vanguard Info Tech ETF Add +5052.8% 0.64% +0.63
IVV iShares Core S&P 500 ETF Add +0.0% 10.14% +0.58
MSFT Microsoft Corp. Add +4.6% 1.17% +0.29
NVDA Nvidia Corp. Add +20.9% 0.33% +0.14
XLK SS Technology Select Sector Add +9.2% 0.37% +0.08
GS Goldman Sachs Group Inc. Add +1.7% 0.37% +0.08
HOOD Robinhood Markets Inc. Class A Add +22.9% 0.10% +0.06
NKE Nike Inc. Class B Add +0.5% 0.88% +0.06
VGK Vanguard Ftse Europe ETF Add +89.1% 0.11% +0.05
CRWD CrowdStrike Holdings Inc. Class A Add +2.1% 0.18% +0.05
TSLA Tesla Inc. Add +29.6% 0.14% +0.05
CRDO Credo Technology Group Holdi Add +59.5% 0.04% +0.03
TXN Texas Instruments Inc. Add +56.2% 0.06% +0.03
IBIT iShares Bitcoin Trust ETF Add +337.6% 0.03% +0.03
IAU iShares Gold Trust Add +0.6% 1.13% +0.02
SPOT Spotify Technology SA Add +17.1% 0.06% +0.02
NOW ServiceNow Inc. Add +7.7% 0.08% +0.02
COIN Coinbase Global Inc. Class A Add +115.6% 0.02% +0.02
INTU Intuit Inc. Add +11.3% 0.07% +0.02
GLD SPDR Gold Shares Add +7.3% 0.21% +0.02
TWLO Twilio Inc. Class A Add +25.3% 0.04% +0.01
TEM Tempus AI Inc. Class A Add +80.2% 0.03% +0.01
VGSH Vanguard Short-Term Treasury Add +41.1% 0.05% +0.01
ASML ASML Holding NV-NY Reg SHS Add +139.8% 0.02% +0.01
UBER Uber Technologies Inc. Add +1.6% 0.06% +0.01
CDNS Cadence Design SYS Inc. Add +91.4% 0.02% +0.01
RTX RTX Corp. Add +0.0% 0.22% +0.01
OKTA Okta Inc. New 0.01% +0.01
ENTG Entegris Inc. New 0.01% +0.01
SBAC SBA Communications Corp. Add +33.0% 0.04% +0.01
LRCX Lam Research Corp. Add +2.1% 0.04% +0.01
TTWO Take-Two Interactive Softwre Add +1.0% 0.09% +0.01
AON Aon PLC Class A Add +69.7% 0.03% +0.01
XLC SS Comm Select Sector SPDR New 0.01% +0.01
TTAN Servicetitan Inc. Class A New 0.01% +0.01
SE Sea Ltd.-ADR Add +2.9% 0.05% +0.01
OKLO Oklo Inc. New 0.01% +0.01
DHR Danaher Corp. New 0.01% +0.01
CP Canadian Pacific Kansas City Add +22.9% 0.03% +0.01
DASH DoorDash Inc. Class A New 0.01% +0.01
XLY SS Consumer Disc Select Sect Add +80.3% 0.01% +0.01
TTD Trade Desk Inc./the Class A Add +2.9% 0.03% +0.01
WRBY Warby Parker Inc. Class A New 0.01% +0.01
MNDY Monday.com Ltd. Add +28.5% 0.02% +0.01
COF Capital One Financial Corp. Add +36.7% 0.02% +0.01
SCHW Schwab (charles) Corp. Add +31.5% 0.02% +0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Add +123.5% 0.01% +0.01
CVX Chevron Corp. New 0.01% +0.01
DAL Delta Air Lines Inc. Add +25.1% 0.02% +0.01
DIS The Walt Disney Co. Add +31.5% 0.01% +0.01

Options Activity Q1 2025 → Q2 2025
AAPL Apple Inc. put New 500,000 $102.6M
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 76,500 $42.8Mbefore exit
STATE STR SPDR S&P 500 ETF T put New 28,400 $17.5M
PALANTIR TECHNOLOGIES INC put New 29,300 $4.0M
NVDA Nvidia Corp. put New 1,500 $237K
PLTR Palantir Technologies Inc. Class A put Sold out 2,675,480 $32Kbefore 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 255$8.0BAAPL, IVV, IWF, SPY, IJH
Q1 2026 260$7.0BAAPL, IVV, IWF, SPY, IJH
Q4 2025 240$6.5BAAPL, IWF, IVV, SPY, IJH
Q3 2025 224$5.1BAAPL, IWF, IVV, SPY, IJH
Q2 2025 215$4.5BAAPL, IWF, IVV, SPY, IJH
Q1 2025 214$4.3BAAPL, IWF, IVV, SPY, IJH
Q4 2024 213$4.7BAAPL, IWF, SPY, IVV, IJH
Q3 2024 212$4.5BAAPL, IWF, SPY, IVV, IJH
Q2 2024 210$4.3BAAPL, IWF, SPY, IVV, IJH
Q1 2024 192$4.0BAAPL, SPY, IWF, IVV, IJH