Condor Capital Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Condor Capital Management reported 184 stock positions worth $1.2 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.5% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 5.6%) and Vanguard Mrngstr Val ETF-Aui (VTV, 5.5%). Compared with Q2 2025, it opened 11 new positions, sold out of 11, added to 69 and reduced 88. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +27%) and the biggest sale an exit from Wisdomtree Japan Hedged Eq (DXJ).
- Most Recent 13F
- Q2 2026
- Location
- MARTINSVILLE, NJ
- CIK
- 0001082491
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0001082491-25-000002 ↗ filed Nov 7, 2025
Holdings Value
Holdings 184 stocks · $1.2B
| VOO Vanguard S&P 500 ETF | 11.54% | 229,929 | $140.8M | Add +1.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 5.57% | 141,790 | $68.0M | Add +0.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 5.46% | 356,932 | $66.6M | Add +2.4% |
| IEFA iShares Core MSCI Eafe ETF | 3.81% | 533,004 | $46.5M | Add +27.0% |
| VONV Vanguard Russell 1000 Value | 2.81% | 383,809 | $34.3M | Add +1.3% |
| AAPL Apple Inc. | 2.81% | 134,646 | $34.3M | Reduce -2.8% |
| IWF iShares Russell 1000 Growth | 2.71% | 70,479 | $33.0M | Add +3.8% |
| IVE iShares S&P 500 Value ETF | 2.56% | 151,482 | $31.3M | Add +2.0% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 2.52% | 175,774 | $30.7M | Reduce -7.7% |
| VONG Vanguard Russell 1000 Growth | 2.19% | 222,218 | $26.8M | Reduce -0.2% |
| MSFT Microsoft Corp. | 2.10% | 49,554 | $25.7M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.00% | 36,676 | $24.4M | Reduce -18.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.95% | 81,182 | $23.8M | Reduce -5.5% |
| GOOGL Alphabet Inc. Class A | 1.80% | 90,343 | $22.0M | Reduce -6.3% |
| META Meta Platforms Inc. Class A | 1.77% | 29,448 | $21.6M | Reduce -1.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 1.76% | 73,213 | $21.5M | Reduce -7.1% |
| IEMG iShares Core MSCI Emerging | 1.44% | 266,161 | $17.5M | Reduce -0.8% |
| ABND Americn Cent Co. PL in ETF-US | 1.44% | 394,163 | $17.5M | Add +1.1% |
| CGCP Cap Group Core Plus Income | 1.43% | 767,165 | $17.4M | Add +1.7% |
| AMZN Amazon.com Inc. | 1.27% | 70,519 | $15.5M | Reduce -1.7% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 1.25% | 159,069 | $15.2M | Add +4.4% |
| BINC iShares Flex I A ETF-Usd Inc. | 1.22% | 278,938 | $14.9M | Add +4.5% |
| JMUB JPMorgan Municipal ETF | 1.08% | 261,774 | $13.2M | Add +0.6% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 1.08% | 259,392 | $13.1M | Reduce -0.1% |
| HTRB Hartford TTL RTRN BND ETF | 1.06% | 377,736 | $13.0M | Add +1.4% |
| BIZD Vaneck BDC Income ETF | 1.04% | 851,982 | $12.7M | Add +2.5% |
| MMIT Nylim Mackay Muni Intermedia filed as NEW YORK LIFE INVTS ACTIVE E | 0.95% | 477,614 | $11.6M | Add +3.4% |
| IJR iShares Core S&P Small-Cap E | 0.91% | 92,944 | $11.0M | Reduce -1.5% |
| RSPT Invesco S&P 500 Equal Weight | 0.87% | 238,180 | $10.6M | Reduce -1.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.87% | 132,403 | $10.6M | Add +1.4% |
| HEDJ Wisdomtree Europe Hedged Equ | 0.71% | 171,336 | $8.6M | Add +1.3% |
| TAXF American Century Diver Muni | 0.69% | 166,418 | $8.4M | Add +1.4% |
| MA Mastercard Inc. Class A | 0.68% | 14,645 | $8.3M | Reduce -1.5% |
| V Visa Inc. Class A | 0.66% | 23,577 | $8.0M | Reduce -1.7% |
| SUB iShares Short-Term National | 0.66% | 74,842 | $8.0M | Add +1.5% |
| FVAL Fidelity Value Factor ETF | 0.63% | 111,090 | $7.7M | Add +1.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.63% | 97,554 | $7.6M | Add +216.1% |
| IWP iShares Russell Mid-Cap Grow | 0.59% | 50,126 | $7.1M | Reduce -15.3% |
| AXP American Express Co. | 0.58% | 21,355 | $7.1M | Reduce -0.9% |
| URI United Rentals Inc. | 0.57% | 7,305 | $7.0M | Reduce -1.9% |
| TT Trane Technologies PLC | 0.53% | 15,321 | $6.5M | Reduce -1.1% |
| SOXQ Invesco PHLX Semiconductor | 0.50% | 122,061 | $6.1M | Add +79.9% |
| HCA HCA Healthcare Inc. | 0.50% | 14,183 | $6.0M | Reduce -1.3% |
| TRTX TPG Re Finance Trust Inc. | 0.46% | 661,623 | $5.7M | Add +6.6% |
| SCHW Schwab (charles) Corp. | 0.46% | 58,794 | $5.6M | Reduce -1.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.45% | 21,587 | $5.5M | Add +0.7% |
| SLRC SLR Investment Corp. | 0.44% | 351,469 | $5.4M | Add +2.8% |
| HD Home Depot Inc. | 0.43% | 13,058 | $5.3M | Reduce -0.4% |
| PBDC Putnam BDC Income ETF | 0.43% | 165,458 | $5.3M | Add +3.9% |
| LOW Lowe's Cos Inc. | 0.43% | 20,770 | $5.2M | Reduce -2.3% |
| MFIC Midcap Financial Investment | 0.42% | 429,367 | $5.1M | Add +4.0% |
| JPM JPMorgan Chase & Co. | 0.42% | 16,294 | $5.1M | Reduce -0.0% |
| FBRT Franklin BSP Realty Trust Inc. | 0.42% | 472,902 | $5.1M | Add +9.3% |
| EFG iShares MSCI Eafe Growth ETF | 0.41% | 44,381 | $5.1M | Reduce -1.6% |
| GBDC Golub Capital BDC Inc. | 0.41% | 364,469 | $5.0M | Add +3.8% |
| VEA Vanguard Ftse Developed ETF | 0.41% | 82,802 | $5.0M | Add +0.6% |
| ARCC Ares Capital Corp. | 0.39% | 230,349 | $4.7M | Add +2.1% |
| FSMB First Trust Short Dur Manag | 0.39% | 233,955 | $4.7M | Add +0.6% |
| CCAP Crescent Capital BDC Inc. | 0.38% | 326,859 | $4.7M | Add +6.2% |
| PH Parker Hannifin Corp. | 0.37% | 5,979 | $4.5M | Reduce -1.7% |
| GS Goldman Sachs Group Inc. | 0.35% | 5,356 | $4.3M | Reduce -1.6% |
| OBDC Blue Owl Capital Corp. | 0.34% | 322,788 | $4.1M | Add +2.7% |
| SYK Stryker Corp. | 0.33% | 10,843 | $4.0M | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 0.32% | 5,766 | $3.9M | Reduce -1.6% |
| BXMT Blackstone Mortgage Tru Class A | 0.32% | 208,839 | $3.8M | Add +6.0% |
| GOOG Alphabet Inc. Class C | 0.31% | 15,757 | $3.8M | Reduce -7.3% |
| SMB Vaneck Short Muni ETF | 0.31% | 219,258 | $3.8M | Add +1.9% |
| TWLO Twilio Inc. Class A | 0.31% | 37,928 | $3.8M | Reduce -1.2% |
| CRM Salesforce Inc. | 0.31% | 15,986 | $3.8M | Reduce -0.3% |
| SCHF Schwab Intl Equity ETF | 0.31% | 161,027 | $3.7M | Reduce -0.6% |
| AZO AutoZone Inc. | 0.30% | 861 | $3.7M | Reduce -1.7% |
| LHX L3HARRIS Technologies Inc. | 0.29% | 11,539 | $3.5M | Reduce -1.3% |
| SCHX Schwab US Large-Cap ETF | 0.29% | 133,284 | $3.5M | Reduce -1.1% |
| SPG Simon Property Group Inc. | 0.28% | 18,501 | $3.5M | Reduce -32.9% |
| IYW iShares Ustechnology ETF | 0.28% | 17,333 | $3.4M | Reduce -5.7% |
| KREF KKR Real Estate Finance Trus | 0.28% | 374,058 | $3.4M | Add +8.5% |
| GD General Dynamics Corp. | 0.28% | 9,844 | $3.4M | Reduce -1.0% |
| SCHG Schwab US Large-Cap Growth | 0.27% | 104,101 | $3.3M | Reduce -2.2% |
| WMT Walmart Inc. | 0.27% | 31,957 | $3.3M | Reduce -0.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 28,599 | $3.3M | Reduce -2.3% |
| COST Costco Wholesale Corp. | 0.27% | 3,525 | $3.3M | Reduce -1.2% |
| UNP Union Pacific Corp. | 0.27% | 13,688 | $3.2M | Reduce -1.4% |
| TDY Teledyne Technologies Inc. | 0.26% | 5,484 | $3.2M | New |
| JEF Jefferies Financial Group Inc. | 0.26% | 47,765 | $3.1M | Reduce -0.3% |
| IWS iShares Russell Mid-Cap Valu | 0.25% | 21,999 | $3.1M | Add +0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 5,982 | $3.0M | Reduce -0.1% |
| UBER Uber Technologies Inc. | 0.23% | 28,329 | $2.8M | Reduce -2.3% |
| SCM Stellus Capital Investment C | 0.22% | 202,846 | $2.6M | Add +2.7% |
| SOXX iShares Semiconductor ETF | 0.22% | 9,711 | $2.6M | Reduce -1.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.21% | 6,507 | $2.5M | Add +0.1% |
| SHW The Sherwin-Williams Co. | 0.21% | 7,319 | $2.5M | Reduce -37.2% |
| LMBS First Trust Low Duration Opp | 0.21% | 50,896 | $2.5M | Add +0.5% |
| JNJ Johnson & Johnson | 0.21% | 13,646 | $2.5M | Reduce -0.3% |
| ADBE Adobe Inc. | 0.21% | 7,172 | $2.5M | No change |
| SNA Snap-on Inc. | 0.20% | 7,164 | $2.5M | Reduce -0.5% |
| TSCO Tractor Supply Company | 0.19% | 41,672 | $2.4M | Reduce -0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 16,395 | $2.4M | Reduce -0.6% |
| CGBD Carlyle Secured Lending Inc. | 0.19% | 182,951 | $2.3M | Add +4.2% |
| HUBB Hubbell Inc. | 0.18% | 5,156 | $2.2M | Reduce -1.9% |
| IHDG Wisdomtree International Hed | 0.16% | 42,618 | $2.0M | Add +2.2% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $5K (not counted above)
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q2 2025 → Q3 2025
| DXJ Wisdomtree Japan Hedged Eq | Sold out | 0.00% | −0.69 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -18.0% | 2.00% | −0.40 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.37 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -7.7% | 2.52% | −0.20 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.19 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -7.1% | 1.76% | −0.18 |
| NDSN Nordson Corp. | Sold out | 0.00% | −0.14 |
| SHW The Sherwin-Williams Co. | Reduce -37.2% | 0.21% | −0.14 |
| META Meta Platforms Inc. Class A | Reduce -1.4% | 1.77% | −0.14 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -5.5% | 1.95% | −0.13 |
| IWP iShares Russell Mid-Cap Grow | Reduce -15.3% | 0.59% | −0.13 |
| TWLO Twilio Inc. Class A | Reduce -1.2% | 0.31% | −0.10 |
| SPG Simon Property Group Inc. | Reduce -32.9% | 0.28% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -1.7% | 1.27% | −0.10 |
| V Visa Inc. Class A | Reduce -1.7% | 0.66% | −0.08 |
| CRM Salesforce Inc. | Reduce -0.3% | 0.31% | −0.07 |
| TT Trane Technologies PLC | Reduce -1.1% | 0.53% | −0.06 |
| SMMU PIMCO SHRT TRM Muni BND ETF | Reduce -0.1% | 1.08% | −0.05 |
| FISV Fiserv Inc. | Reduce -1.3% | 0.12% | −0.05 |
| SYK Stryker Corp. | Reduce -1.0% | 0.33% | −0.05 |
| DIS The Walt Disney Co. | Reduce -2.3% | 0.27% | −0.05 |
| MSFT Microsoft Corp. | Reduce -0.4% | 2.10% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -1.5% | 0.68% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -1.2% | 0.27% | −0.04 |
| ITM Vaneck Intermediate Muni ETF | Sold out | 0.00% | −0.03 |
| CPAY Corpay Inc. | Reduce -0.4% | 0.13% | −0.03 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -1.6% | 0.41% | −0.02 |
| IBAC Ib Acquisition Corp. | Sold out | 0.00% | −0.02 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Sold out | 0.00% | −0.02 |
| AXP American Express Co. | Reduce -0.9% | 0.58% | −0.01 |
| MAR Marriott International Class A | Reduce -0.4% | 0.12% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -1.7% | 0.46% | −0.01 |
| UNP Union Pacific Corp. | Reduce -1.4% | 0.27% | −0.01 |
| DLR Digital Realty Trust Inc. | Reduce -0.7% | 0.15% | −0.01 |
| WLAC Willow Lane Acquisition Class A | Sold out | 0.00% | −0.01 |
| RFAI RF Acquisition Corp. II | Sold out | 0.00% | −0.01 |
| TONT Graf Global Corp. Class A | Sold out | 0.00% | −0.01 |
| PNNT Pennantpark Investment Corp. | Sold out | 0.00% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -2.3% | 0.23% | −0.01 |
| HYD Vaneck High Yield Muni ETF | Reduce -12.2% | 0.03% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.25% | −0.01 |
| HAYMAKER ACQUISITION CORP 4 | Reduce -22.1% | 0.01% | −0.00 |
| HUBB Hubbell Inc. | Reduce -1.9% | 0.18% | −0.00 |
| RPV Invesco S&P 500 Pure Value E | Reduce -3.1% | 0.15% | −0.00 |
| XLF SS Financial Select Sector | Reduce -4.7% | 0.05% | −0.00 |
| NETD Nabors Energy Transition C-A | Reduce -23.0% | 0.01% | −0.00 |
| XLI SS Industrial Select Sector | Reduce -4.1% | 0.06% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -0.6% | 0.31% | −0.00 |
| XLV SS Health Care Select Sector | Reduce -2.3% | 0.07% | −0.00 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -3.0% | 0.12% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| IEFA iShares Core MSCI Eafe ETF | Add +27.0% | 3.81% | +0.78 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +216.1% | 0.63% | +0.43 |
| VOO Vanguard S&P 500 ETF | Add +1.5% | 11.54% | +0.38 |
| TDY Teledyne Technologies Inc. | New | 0.26% | +0.26 |
| SOXQ Invesco PHLX Semiconductor | Add +79.9% | 0.50% | +0.24 |
| IWF iShares Russell 1000 Growth | Add +3.8% | 2.71% | +0.20 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.1% | 5.57% | +0.19 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.15% | +0.15 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.14% | +0.14 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +2.4% | 5.46% | +0.11 |
| BTC Grayscale Bitcoin Mini ETF | New | 0.08% | +0.08 |
| SPOT Spotify Technology SA | New | 0.06% | +0.06 |
| ETH Grayscale Ethereum Staking M | New | 0.05% | +0.05 |
| TRTX TPG Re Finance Trust Inc. | Add +6.6% | 0.46% | +0.05 |
| ISRG Intuitive Surgical Inc. | New | 0.05% | +0.05 |
| IVE iShares S&P 500 Value ETF | Add +2.0% | 2.56% | +0.05 |
| FVAL Fidelity Value Factor ETF | Add +1.5% | 0.63% | +0.02 |
| FBRT Franklin BSP Realty Trust Inc. | Add +9.3% | 0.42% | +0.02 |
| ETHE Grayscale Ethereum Staking E | New | 0.02% | +0.02 |
| TSLA Tesla Inc. | Add +3.6% | 0.07% | +0.02 |
| XLE SS Energy Select Sector | New | 0.02% | +0.02 |
| IWM iShares Russell 2000 ETF | New | 0.02% | +0.02 |
| NVDA Nvidia Corp. | Add +24.6% | 0.06% | +0.02 |
| KREF KKR Real Estate Finance Trus | Add +8.5% | 0.28% | +0.01 |
| LATAU Galata Acquisition Corp. II | New | 0.01% | +0.01 |
| VONV Vanguard Russell 1000 Value | Add +1.3% | 2.81% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.7% | 0.45% | +0.01 |
| CBRE CBRE Group Inc. Class A | Add +0.4% | 0.12% | +0.01 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +18.9% | 0.03% | +0.01 |
| CCAP Crescent Capital BDC Inc. | Add +6.2% | 0.38% | +0.01 |
| XSOE Wisdmtree Emerg MKT Ex-St Ow | Add +0.6% | 0.11% | +0.00 |
| AIRR First Trust Rba American Ind | Add +0.8% | 0.03% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +3.1% | 0.14% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.09% | +0.00 |
| MRVL Marvell Technology Inc. | Add +0.6% | 0.08% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1.2% | 0.11% | +0.00 |
| BAC Bank of America Corp. | Add +6.3% | 0.02% | +0.00 |
| HEDJ Wisdomtree Europe Hedged Equ | Add +1.3% | 0.71% | +0.00 |
| MUST Columbia Multi-Sect Muni Inc. | Add +5.7% | 0.10% | +0.00 |
| IWS iShares Russell Mid-Cap Valu | Add +0.7% | 0.25% | +0.00 |
| ETN Eaton Corp. PLC | Add +1.8% | 0.11% | +0.00 |
| JAAA Janus Henderson Aaa Clo ETF | Add +6.6% | 0.11% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.6% | 0.41% | −0.00 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +0.6% | 0.03% | −0.00 |
| ICSH iShares Ultra Short Duration | Add +1.4% | 0.03% | −0.00 |
| PULS Pgim Ultra Short Bond ETF | Add +1.4% | 0.03% | −0.00 |
| BNDX Vanguard Total Intl Bond ETF | Add +0.1% | 0.03% | −0.00 |
| NMFC New Mountain Finance Corp. | Add +0.0% | 0.01% | −0.00 |
| LIEN Chicago Atlantic BDC Inc. | Add +3.1% | 0.16% | −0.00 |
| GSY Invesco Ultra Short Duration | Add +1.3% | 0.05% | −0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | Reduce -12.2% | 13,650 | $4K |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | Reduce -11.0% | 21,686 | $2K |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | Sold out | 10,900 | $741before 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 | 170 | $1.3B | VOO, VTV, VUG, IEFA, VONV |
| Q1 2026 | 171 | $1.2B | VOO, VTV, VUG, IEFA, VONV |
| Q4 2025 | 181 | $1.2B | VOO, VTV, VUG, IEFA, AAPL |
| Q3 2025 | 184 | $1.2B | VOO, VUG, VTV, IEFA, VONV |
| Q2 2025 | 184 | $1.2B | VOO, VUG, VTV, IEFA, VONV |
| Q1 2025 | 188 | $1.1B | VOO, VTV, VUG, IEFA, VONV |
| Q4 2024 | 188 | $1.1B | VOO, VTV, VUG, AAPL, VOE |
| Q3 2024 | 187 | $1.1B | VOO, VTV, VUG, AAPL, VOE |
| Q2 2024 | 188 | $1.0B | VOO, VTV, VUG, AAPL, VOE |
| Q1 2024 | 183 | $1.0B | VOO, VTV, VUG, VOE, VONV |