CMH Wealth Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), CMH Wealth Management LLC reported 55 stock positions worth $469.2 million. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by Alphabet Class A (GOOGL, 5.6%) and JPMorgan Active H Yield ETF (JPHY, 5.2%). Compared with Q2 2025, it opened 5 new positions, sold out of 4, added to 19 and reduced 29. The biggest buy was a new position in JPMorgan Active H Yield ETF (JPHY) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q2 2026
- Location
- PORTSMOUTH, NH
- CIK
- 0001657516
- Portfolio Value
- $469.2M (Q3 2025)
- SEC Filing
- 0001657516-25-000008 ↗ filed Oct 21, 2025
Holdings Value
Holdings 55 stocks · $469.2M
| MSFT Microsoft Corp. | 5.88% | 53,261 | $27.6M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 5.65% | 109,035 | $26.5M | Reduce -5.8% |
| JPHY JPMorgan Active H Yield ETF | 5.22% | 479,750 | $24.5M | New |
| AMZN Amazon.com Inc. | 4.84% | 103,341 | $22.7M | Reduce -1.8% |
| AAPL Apple Inc. | 4.20% | 77,400 | $19.7M | Reduce -21.5% |
| TMSL T.rowe PRC Small-Mid Cap ETF | 3.70% | 493,290 | $17.3M | Add +0.8% |
| VFH Vanguard Financials ETF | 3.69% | 131,958 | $17.3M | Reduce -1.5% |
| ACWX iShares MSCI Acwi Ex US ETF | 2.66% | 191,664 | $12.5M | Reduce -0.1% |
| BA The Boeing Co. | 2.57% | 55,932 | $12.1M | Add +0.8% |
| VDE Vanguard Energy ETF | 2.56% | 95,618 | $12.0M | Add +0.2% |
| SNOW Snowflake Inc. | 2.43% | 50,561 | $11.4M | Reduce -1.8% |
| ADBE Adobe Inc. | 2.41% | 32,046 | $11.3M | Add +69.0% |
| LLY Eli Lilly & Co. | 2.40% | 14,776 | $11.3M | Add +18.6% |
| FISV Fiserv Inc. | 2.38% | 86,676 | $11.2M | Add +49.6% |
| XLC SS Comm Select Sector SPDR | 2.33% | 92,187 | $10.9M | Reduce -2.8% |
| NOW ServiceNow Inc. | 2.27% | 11,595 | $10.7M | Add +33.5% |
| XLV SS Health Care Select Sector | 2.14% | 72,144 | $10.0M | Add +56.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.12% | 68,717 | $9.9M | Reduce -12.0% |
| VCIT Vanguard Int-Term Corporate | 2.09% | 116,841 | $9.8M | Add +1.4% |
| PANW Palo Alto Networks Inc. | 2.09% | 48,192 | $9.8M | Add +0.6% |
| SMMD iShares Russell 2500 ETF | 1.99% | 126,486 | $9.3M | Reduce -0.6% |
| GEV GE Vernova Inc. | 1.93% | 14,711 | $9.0M | Add +0.4% |
| VDC Vanguard Consumer Staple ETF | 1.80% | 39,414 | $8.4M | Reduce -0.2% |
| BLK BlackRock Inc. | 1.77% | 7,130 | $8.3M | Reduce -1.8% |
| NVDA Nvidia Corp. | 1.73% | 43,616 | $8.1M | Add +0.1% |
| SOXX iShares Semiconductor ETF | 1.64% | 28,354 | $7.7M | Reduce -1.9% |
| DHR Danaher Corp. | 1.62% | 38,381 | $7.6M | Reduce -0.2% |
| SNPS Synopsys Inc. | 1.61% | 15,299 | $7.5M | Add +42.7% |
| TSLA Tesla Inc. | 1.60% | 16,842 | $7.5M | Reduce -44.9% |
| TCHP T Rowe Price Blue Chip Growt | 1.58% | 151,486 | $7.4M | Reduce -3.8% |
| MA Mastercard Inc. Class A | 1.52% | 12,577 | $7.2M | Add +1.0% |
| PPA Invesco Aerospace & Defense | 1.49% | 45,034 | $7.0M | Reduce -0.0% |
| FBND Fidelity Total Bond ETF | 1.46% | 147,254 | $6.8M | Add +0.3% |
| V Visa Inc. Class A | 1.45% | 19,979 | $6.8M | Add +1.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 1.41% | 135,240 | $6.6M | Add +3.7% |
| CRM Salesforce Inc. | 1.37% | 27,106 | $6.4M | Reduce -1.1% |
| VRT Vertiv Holdings Co. Class A | 1.23% | 38,318 | $5.8M | New |
| XLB SS Materials Select Sector | 1.15% | 60,209 | $5.4M | Reduce -1.3% |
| WMT Walmart Inc. | 1.07% | 48,812 | $5.0M | New |
| XLI SS Industrial Select Sector | 0.97% | 29,589 | $4.6M | Reduce -49.6% |
| VONE Vanguard Russell 1000 | 0.95% | 14,725 | $4.5M | Reduce -1.4% |
| WDAY Workday Inc. Class A | 0.93% | 18,214 | $4.4M | New |
| VNQ Vanguard Real Estate ETF | 0.92% | 46,998 | $4.3M | Reduce -0.5% |
| MFSI MFS Active International | 0.90% | 143,298 | $4.2M | Add +3.9% |
| IHI iShares U.S. Medical Devices | 0.74% | 57,874 | $3.5M | Reduce -2.2% |
| JAVA JPMorgan Active Value ETF | 0.64% | 43,568 | $3.0M | Add +1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 2,628 | $1.3M | Reduce -3.3% |
| JNJ Johnson & Johnson | 0.11% | 2,777 | $515K | Reduce -0.7% |
| ORCL Oracle Corp. | 0.11% | 1,754 | $493K | New |
| PG The Procter & Gamble Co. | 0.09% | 2,853 | $438K | Reduce -0.4% |
| ABBV Abbvie Inc. | 0.08% | 1,623 | $376K | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.06% | 456 | $274K | No change |
| XLY SS Consumer Disc Select Sect | 0.06% | 1,117 | $268K | Reduce -13.4% |
| MCO Moody's Corp. | 0.05% | 533 | $254K | No change |
| JPM JPMorgan Chase & Co. | 0.05% | 803 | $253K | Reduce -9.2% |
Portfolio Sells Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.88 |
| HON Honeywell International Inc. | Sold out | 0.00% | −1.61 |
| TGT Target Corp. | Sold out | 0.00% | −1.39 |
| XLI SS Industrial Select Sector | Reduce -49.6% | 0.97% | −1.04 |
| TSLA Tesla Inc. | Reduce -44.9% | 1.60% | −0.66 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 4.84% | −0.54 |
| AAPL Apple Inc. | Reduce -21.5% | 4.20% | −0.51 |
| MSFT Microsoft Corp. | Reduce -2.5% | 5.88% | −0.45 |
| CRM Salesforce Inc. | Reduce -1.1% | 1.37% | −0.37 |
| VFH Vanguard Financials ETF | Reduce -1.5% | 3.69% | −0.28 |
| SNOW Snowflake Inc. | Reduce -1.8% | 2.43% | −0.25 |
| VDC Vanguard Consumer Staple ETF | Reduce -0.2% | 1.80% | −0.22 |
| DHR Danaher Corp. | Reduce -0.2% | 1.62% | −0.15 |
| TJX TJX Companies Inc. | Reduce -12.0% | 2.12% | −0.13 |
| IHI iShares U.S. Medical Devices | Reduce -2.2% | 0.74% | −0.12 |
| XLB SS Materials Select Sector | Reduce -1.3% | 1.15% | −0.10 |
| TCHP T Rowe Price Blue Chip Growt | Reduce -3.8% | 1.58% | −0.08 |
| XLC SS Comm Select Sector SPDR | Reduce -2.8% | 2.33% | −0.07 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -0.1% | 2.66% | −0.06 |
| VNQ Vanguard Real Estate ETF | Reduce -0.5% | 0.92% | −0.06 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.05 |
| VONE Vanguard Russell 1000 | Reduce -1.4% | 0.95% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.3% | 0.28% | −0.03 |
| SMMD iShares Russell 2500 ETF | Reduce -0.6% | 1.99% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.4% | 0.09% | −0.01 |
| XLY SS Consumer Disc Select Sect | Reduce -13.4% | 0.06% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -9.2% | 0.05% | −0.01 |
| BLK BlackRock Inc. | Reduce -1.8% | 1.77% | −0.00 |
| PPA Invesco Aerospace & Defense | Reduce -0.0% | 1.49% | +0.01 |
| ABBV Abbvie Inc. | Reduce -0.2% | 0.08% | +0.01 |
| JNJ Johnson & Johnson | Reduce -0.7% | 0.11% | +0.01 |
| SOXX iShares Semiconductor ETF | Reduce -1.9% | 1.64% | +0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -5.8% | 5.65% | +0.90 |
Portfolio Buys Q2 2025 → Q3 2025
| JPHY JPMorgan Active H Yield ETF | New | 5.22% | +5.22 |
| VRT Vertiv Holdings Co. Class A | New | 1.23% | +1.23 |
| WMT Walmart Inc. | New | 1.07% | +1.07 |
| WDAY Workday Inc. Class A | New | 0.93% | +0.93 |
| ADBE Adobe Inc. | Add +69.0% | 2.41% | +0.70 |
| XLV SS Health Care Select Sector | Add +56.6% | 2.14% | +0.69 |
| SNPS Synopsys Inc. | Add +42.7% | 1.61% | +0.33 |
| NOW ServiceNow Inc. | Add +33.5% | 2.27% | +0.20 |
| LLY Eli Lilly & Co. | Add +18.6% | 2.40% | +0.14 |
| NVDA Nvidia Corp. | Add +0.1% | 1.73% | +0.13 |
| GEV GE Vernova Inc. | Add +0.4% | 1.93% | +0.12 |
| ORCL Oracle Corp. | New | 0.11% | +0.11 |
| FISV Fiserv Inc. | Add +49.6% | 2.38% | +0.06 |
| MFSI MFS Active International | Add +3.9% | 0.90% | −0.01 |
| JAVA JPMorgan Active Value ETF | Add +1.3% | 0.64% | −0.02 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +0.8% | 3.70% | −0.04 |
| VDE Vanguard Energy ETF | Add +0.2% | 2.56% | −0.08 |
| MA Mastercard Inc. Class A | Add +1.0% | 1.52% | −0.10 |
| FBND Fidelity Total Bond ETF | Add +0.3% | 1.46% | −0.11 |
| VCIT Vanguard Int-Term Corporate | Add +1.4% | 2.09% | −0.13 |
| BA The Boeing Co. | Add +0.8% | 2.57% | −0.13 |
| V Visa Inc. Class A | Add +1.2% | 1.45% | −0.18 |
| PANW Palo Alto Networks Inc. | Add +0.6% | 2.09% | −0.19 |
| TTD Trade Desk Inc./the Class A | Add +3.7% | 1.41% | −0.77 |
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 |