CMH Wealth Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 11, 2025), CMH Wealth Management LLC reported 54 stock positions worth $429.6 million. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Amazon.com (AMZN, 5.4%) and Alphabet Class A (GOOGL, 4.7%). Compared with Q1 2025, it opened 5 new positions, sold out of 6, added to 10 and reduced 36. The biggest buy was a new position in T.rowe PRC Small-Mid Cap ETF (TMSL) and the biggest sale iShares Russell 2500 ETF (SMMD, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- PORTSMOUTH, NH
- CIK
- 0001657516
- Portfolio Value
- $429.6M (Q2 2025)
- SEC Filing
- 0001657516-25-000004 ↗ filed Jul 11, 2025
Holdings Value
Holdings 54 stocks · $429.6M
| MSFT Microsoft Corp. | 6.33% | 54,641 | $27.2M | Reduce -18.4% |
| AMZN Amazon.com Inc. | 5.37% | 105,223 | $23.1M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 4.75% | 115,785 | $20.4M | Reduce -0.9% |
| AAPL Apple Inc. | 4.71% | 98,600 | $20.2M | Reduce -8.8% |
| VFH Vanguard Financials ETF | 3.97% | 133,988 | $17.1M | Reduce -1.0% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 3.73% | 489,121 | $16.0M | New |
| ACWX iShares MSCI Acwi Ex US ETF | 2.72% | 191,772 | $11.7M | Reduce -18.0% |
| BA The Boeing Co. | 2.71% | 55,490 | $11.6M | Reduce -0.3% |
| SNOW Snowflake Inc. | 2.68% | 51,487 | $11.5M | Reduce -0.7% |
| VDE Vanguard Energy ETF | 2.65% | 95,407 | $11.4M | Reduce -18.0% |
| XLC SS Comm Select Sector SPDR | 2.40% | 94,868 | $10.3M | Add +0.2% |
| FISV Fiserv Inc. | 2.33% | 57,947 | $10.0M | Add +45.5% |
| PANW Palo Alto Networks Inc. | 2.28% | 47,915 | $9.8M | Reduce -3.9% |
| LLY Eli Lilly & Co. | 2.26% | 12,462 | $9.7M | Add +1.3% |
| TSLA Tesla Inc. | 2.26% | 30,559 | $9.7M | Reduce -6.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.24% | 78,048 | $9.6M | Reduce -3.2% |
| VCIT Vanguard Int-Term Corporate | 2.22% | 115,232 | $9.6M | Add +2.0% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 2.19% | 130,439 | $9.4M | Reduce -36.0% |
| NOW ServiceNow Inc. | 2.08% | 8,687 | $8.9M | Add +1.4% |
| XLI SS Industrial Select Sector | 2.01% | 58,681 | $8.7M | Reduce -2.2% |
| VDC Vanguard Consumer Staple ETF | 2.01% | 39,492 | $8.6M | Reduce -3.6% |
| SMMD iShares Russell 2500 ETF | 2.01% | 127,187 | $8.6M | Reduce -50.8% |
| UNH Unitedhealth Group Inc. | 1.88% | 25,839 | $8.1M | Add +86.5% |
| GEV GE Vernova Inc. | 1.80% | 14,651 | $7.8M | New |
| BLK BlackRock Inc. | 1.77% | 7,263 | $7.6M | Reduce -4.5% |
| DHR Danaher Corp. | 1.77% | 38,463 | $7.6M | Reduce -7.5% |
| CRM Salesforce Inc. | 1.74% | 27,420 | $7.5M | Add +5.8% |
| ADBE Adobe Inc. | 1.71% | 18,963 | $7.3M | Reduce -37.1% |
| TCHP T Rowe Price Blue Chip Growt | 1.66% | 157,427 | $7.1M | Reduce -5.8% |
| V Visa Inc. Class A | 1.63% | 19,745 | $7.0M | Reduce -21.9% |
| MA Mastercard Inc. Class A | 1.63% | 12,453 | $7.0M | Reduce -18.6% |
| HON Honeywell International Inc. | 1.61% | 29,681 | $6.9M | Reduce -2.9% |
| SOXX iShares Semiconductor ETF | 1.61% | 28,913 | $6.9M | Reduce -1.4% |
| NVDA Nvidia Corp. | 1.60% | 43,556 | $6.9M | Reduce -0.4% |
| FBND Fidelity Total Bond ETF | 1.57% | 146,774 | $6.7M | Add +4.6% |
| PPA Invesco Aerospace & Defense | 1.49% | 45,044 | $6.4M | Reduce -0.2% |
| XLV SS Health Care Select Sector | 1.45% | 46,072 | $6.2M | Add +1.6% |
| TGT Target Corp. | 1.39% | 60,619 | $6.0M | Reduce -1.3% |
| SNPS Synopsys Inc. | 1.28% | 10,724 | $5.5M | New |
| XLB SS Materials Select Sector | 1.25% | 60,988 | $5.4M | Reduce -0.9% |
| VNQ Vanguard Real Estate ETF | 0.98% | 47,240 | $4.2M | Reduce -4.6% |
| VONE Vanguard Russell 1000 | 0.98% | 14,940 | $4.2M | Reduce -3.1% |
| MFSI MFS Active International | 0.91% | 137,861 | $3.9M | New |
| IHI iShares U.S. Medical Devices | 0.86% | 59,190 | $3.7M | Reduce -4.3% |
| JAVA JPMorgan Active Value ETF | 0.66% | 42,995 | $2.8M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 2,718 | $1.3M | Reduce -15.6% |
| PG The Procter & Gamble Co. | 0.11% | 2,864 | $456K | Reduce -6.5% |
| JNJ Johnson & Johnson | 0.10% | 2,797 | $427K | Reduce -8.7% |
| ABBV Abbvie Inc. | 0.07% | 1,626 | $302K | Add +1.4% |
| XLY SS Consumer Disc Select Sect | 0.07% | 1,290 | $280K | New |
| MCO Moody's Corp. | 0.06% | 533 | $267K | No change |
| JPM JPMorgan Chase & Co. | 0.06% | 884 | $256K | Reduce -5.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.06% | 456 | $252K | No change |
| APD Air Products & Chemicals Inc. | 0.05% | 717 | $202K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| SMMD iShares Russell 2500 ETF | Reduce -50.8% | 2.01% | −2.04 |
| AAPL Apple Inc. | Reduce -8.8% | 4.71% | −1.31 |
| ADBE Adobe Inc. | Reduce -37.1% | 1.71% | −1.19 |
| VDE Vanguard Energy ETF | Reduce -18.0% | 2.65% | −1.14 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.77 |
| TTD Trade Desk Inc./the Class A | Reduce -36.0% | 2.19% | −0.61 |
| V Visa Inc. Class A | Reduce -21.9% | 1.63% | −0.59 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -18.0% | 2.72% | −0.53 |
| MA Mastercard Inc. Class A | Reduce -18.6% | 1.63% | −0.47 |
| DHR Danaher Corp. | Reduce -7.5% | 1.77% | −0.36 |
| VDC Vanguard Consumer Staple ETF | Reduce -3.6% | 2.01% | −0.23 |
| TJX TJX Companies Inc. | Reduce -3.2% | 2.24% | −0.22 |
| TGT Target Corp. | Reduce -1.3% | 1.39% | −0.21 |
| VNQ Vanguard Real Estate ETF | Reduce -4.6% | 0.98% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -15.6% | 0.31% | −0.12 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.08 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.08 |
| VFH Vanguard Financials ETF | Reduce -1.0% | 3.97% | −0.08 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.08 |
| XLB SS Materials Select Sector | Reduce -0.9% | 1.25% | −0.08 |
| IHI iShares U.S. Medical Devices | Reduce -4.3% | 0.86% | −0.07 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.07 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.05 |
| JAVA JPMorgan Active Value ETF | Reduce -1.9% | 0.66% | −0.04 |
| BLK BlackRock Inc. | Reduce -4.5% | 1.77% | −0.03 |
| JNJ Johnson & Johnson | Reduce -8.7% | 0.10% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -6.5% | 0.11% | −0.02 |
| HON Honeywell International Inc. | Reduce -2.9% | 1.61% | −0.01 |
| VONE Vanguard Russell 1000 | Reduce -3.1% | 0.98% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -5.3% | 0.06% | +0.00 |
| MSFT Microsoft Corp. | Reduce -18.4% | 6.33% | +0.03 |
| XLI SS Industrial Select Sector | Reduce -2.2% | 2.01% | +0.04 |
| TCHP T Rowe Price Blue Chip Growt | Reduce -5.8% | 1.66% | +0.07 |
| TSLA Tesla Inc. | Reduce -6.2% | 2.26% | +0.14 |
| PANW Palo Alto Networks Inc. | Reduce -3.9% | 2.28% | +0.15 |
| PPA Invesco Aerospace & Defense | Reduce -0.2% | 1.49% | +0.17 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 4.75% | +0.22 |
| SOXX iShares Semiconductor ETF | Reduce -1.4% | 1.61% | +0.22 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 5.37% | +0.29 |
| BA The Boeing Co. | Reduce -0.3% | 2.71% | +0.33 |
| NVDA Nvidia Corp. | Reduce -0.4% | 1.60% | +0.41 |
| SNOW Snowflake Inc. | Reduce -0.7% | 2.68% | +0.78 |
Portfolio Buys Q1 2025 → Q2 2025
| TMSL T.rowe PRC Small-Mid Cap ETF | New | 3.73% | +3.73 |
| GEV GE Vernova Inc. | New | 1.80% | +1.80 |
| SNPS Synopsys Inc. | New | 1.28% | +1.28 |
| MFSI MFS Active International | New | 0.91% | +0.91 |
| NOW ServiceNow Inc. | Add +1.4% | 2.08% | +0.37 |
| FISV Fiserv Inc. | Add +45.5% | 2.33% | +0.12 |
| XLC SS Comm Select Sector SPDR | Add +0.2% | 2.40% | +0.11 |
| XLY SS Consumer Disc Select Sect | New | 0.07% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +86.5% | 1.88% | +0.06 |
| CRM Salesforce Inc. | Add +5.8% | 1.74% | +0.00 |
| ABBV Abbvie Inc. | Add +1.4% | 0.07% | −0.01 |
| FBND Fidelity Total Bond ETF | Add +4.6% | 1.57% | −0.04 |
| VCIT Vanguard Int-Term Corporate | Add +2.0% | 2.22% | −0.09 |
| XLV SS Health Care Select Sector | Add +1.6% | 1.45% | −0.21 |
| LLY Eli Lilly & Co. | Add +1.3% | 2.26% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 117 | $655.5M | GOOGL, MSFT, JPHY, AAPL, TMSL |
| Q1 2026 | 113 | $582.5M | MSFT, JPHY, GOOGL, AAPL, AMZN |
| Q4 2025 | 53 | $466.9M | GOOGL, MSFT, JPHY, AMZN, AAPL |
| Q3 2025 | 55 | $469.2M | MSFT, GOOGL, JPHY, AMZN, AAPL |
| Q2 2025 | 54 | $429.6M | MSFT, AMZN, GOOGL, AAPL, VFH |
| Q1 2025 | 55 | $399.1M | MSFT, AAPL, AMZN, GOOGL, VFH |
| Q4 2024 | 54 | $436.6M | MSFT, AMZN, AAPL, GOOGL, SMMD |
| Q3 2024 | 53 | $425.1M | MSFT, AAPL, AMZN, GOOGL, SMMD |
| Q2 2024 | 49 | $406.3M | MSFT, GOOGL, AMZN, AAPL, SMMD |
| Q1 2024 | 44 | $393.6M | MSFT, AMZN, GOOGL, AAPL, SMMD |