Connective Portfolio Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Connective Portfolio Management, LLC reported 38 stock positions worth $56.6 million. Its top holding was iShares Gold Trust (IAU) at 7.9% of the portfolio, followed by Microsoft (MSFT, 6.8%) and iShares MSCI Emerging Market (EEM, 6.2%). Compared with Q2 2025, it opened 14 new positions, sold out of 6, added to 3 and reduced 7. The biggest buy was a new position in Oracle (ORCL) and the biggest sale an exit from Intl Business Machines (IBM).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001905083
- Portfolio Value
- $56.6M (Q3 2025)
- SEC Filing
- 0001905083-25-000006 ↗ filed Oct 16, 2025
Holdings Value
Holdings 38 stocks · $56.6M
| IAU iShares Gold Trust | 7.95% | 62,029 | $4.5M | No change |
| MSFT Microsoft Corp. | 6.80% | 7,424 | $3.8M | Reduce -1.3% |
| EEM iShares MSCI Emerging Market | 6.21% | 66,125 | $3.5M | Add +154.3% |
| GLD SPDR Gold Shares | 5.93% | 9,465 | $3.4M | No change |
| ORCL Oracle Corp. | 4.18% | 8,300 | $2.4M | New |
| JPM JPMorgan Chase & Co. | 4.17% | 7,480 | $2.4M | New |
| C Citigroup Inc. | 4.12% | 23,185 | $2.3M | New |
| EWZ iShares MSCI Brazil ETF | 3.83% | 70,000 | $2.2M | No change |
| NVDA Nvidia Corp. | 3.80% | 11,475 | $2.1M | Reduce -40.8% |
| AVGO Broadcom Inc. | 3.40% | 5,795 | $1.9M | Reduce -30.1% |
| PHYS Sprott Physical Gold Trust | 3.37% | 65,000 | $1.9M | No change |
| UBER Uber Technologies Inc. | 3.11% | 18,035 | $1.8M | No change |
| AAPL Apple Inc. | 2.93% | 6,520 | $1.7M | New |
| HOOD Robinhood Markets Inc. Class A | 2.90% | 12,000 | $1.6M | New |
| ROK Rockwell Automation Inc. | 2.44% | 4,000 | $1.4M | No change |
| RKLB Rocket Lab Corp. | 2.41% | 29,000 | $1.4M | Reduce -39.6% |
| CIEN Ciena Corp. | 2.28% | 8,952 | $1.3M | Add +11.9% |
| COIN Coinbase Global Inc. Class A | 2.12% | 3,600 | $1.2M | Reduce -32.1% |
| CVX Chevron Corp. | 2.02% | 7,399 | $1.1M | New |
| META Meta Platforms Inc. Class A | 1.97% | 1,500 | $1.1M | New |
| BA The Boeing Co. | 1.97% | 5,175 | $1.1M | New |
| INDA iShares MSCI India ETF | 1.94% | 21,000 | $1.1M | No change |
| NFLX Netflix Inc. | 1.92% | 900 | $1.1M | No change |
| PLTR Palantir Technologies Inc. Class A | 1.90% | 6,020 | $1.1M | Add +3.4% |
| RKT Rocket Cos Inc. Class A | 1.71% | 48,000 | $967K | Reduce -31.4% |
| CAT Caterpillar Inc. | 1.67% | 2,000 | $943K | New |
| LEGN Legend Biotech Corp.-ADR | 1.42% | 24,500 | $805K | New |
| UNH Unitedhealth Group Inc. | 1.40% | 2,300 | $794K | New |
| ECHO Echostar Corp. Class A | 1.30% | 10,000 | $737K | New |
| MA Mastercard Inc. Class A | 1.25% | 1,235 | $709K | No change |
| PGR Progressive Corp. | 1.08% | 2,500 | $611K | No change |
| CORZ Core Scientific Inc. | 1.07% | 35,000 | $607K | New |
| AMZN Amazon.com Inc. | 1.06% | 2,700 | $600K | Reduce -50.9% |
| PG The Procter & Gamble Co. | 1.02% | 3,760 | $576K | No change |
| PWR Quanta Services Inc. | 0.97% | 1,305 | $549K | No change |
| CMG Chipotle Mexican Grill Inc. | 0.89% | 12,875 | $502K | No change |
| APLD Applied Digital Corp. | 0.78% | 20,000 | $443K | No change |
| CRCL Circle Internet Group Inc. | 0.71% | 3,000 | $401K | New |
Portfolio Sells Q2 2025 → Q3 2025
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −7.02 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −5.21 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −3.65 |
| NVDA Nvidia Corp. | Reduce -40.8% | 3.80% | −2.65 |
| HES Hess Corp. | Sold out | 0.00% | −2.10 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −1.92 |
| COIN Coinbase Global Inc. Class A | Reduce -32.1% | 2.12% | −1.85 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −1.57 |
| AMZN Amazon.com Inc. | Reduce -50.9% | 1.06% | −1.52 |
| AVGO Broadcom Inc. | Reduce -30.1% | 3.40% | −1.40 |
| RKLB Rocket Lab Corp. | Reduce -39.6% | 2.41% | −1.27 |
| MSFT Microsoft Corp. | Reduce -1.3% | 6.80% | −1.16 |
| RKT Rocket Cos Inc. Class A | Reduce -31.4% | 1.71% | −0.42 |
Portfolio Buys Q2 2025 → Q3 2025
| ORCL Oracle Corp. | New | 4.18% | +4.18 |
| JPM JPMorgan Chase & Co. | New | 4.17% | +4.17 |
| C Citigroup Inc. | New | 4.12% | +4.12 |
| EEM iShares MSCI Emerging Market | Add +154.3% | 6.21% | +3.53 |
| AAPL Apple Inc. | New | 2.93% | +2.93 |
| HOOD Robinhood Markets Inc. Class A | New | 2.90% | +2.90 |
| CVX Chevron Corp. | New | 2.02% | +2.02 |
| META Meta Platforms Inc. Class A | New | 1.97% | +1.97 |
| BA The Boeing Co. | New | 1.97% | +1.97 |
| CAT Caterpillar Inc. | New | 1.67% | +1.67 |
| LEGN Legend Biotech Corp.-ADR | New | 1.42% | +1.42 |
| UNH Unitedhealth Group Inc. | New | 1.40% | +1.40 |
| ECHO Echostar Corp. Class A | New | 1.30% | +1.30 |
| CORZ Core Scientific Inc. | New | 1.07% | +1.07 |
| CIEN Ciena Corp. | Add +11.9% | 2.28% | +0.89 |
| CRCL Circle Internet Group Inc. | New | 0.71% | +0.71 |
| PLTR Palantir Technologies Inc. Class A | Add +3.4% | 1.90% | +0.20 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 39 | $60.1M | RKLB, C, JPM, IAU, PBR |
| Q1 2026 | 25 | $36.9M | IAU, PHYS, PBR, EEM, SHEL |
| Q4 2025 | 38 | $55.5M | IAU, GLD, GOOGL, NVDA, PHYS |
| Q3 2025 | 38 | $56.6M | IAU, MSFT, EEM, GLD, ORCL |
| Q2 2025 | 30 | $46.7M | IAU, MSFT, IBM, NVDA, GLD |
| Q1 2025 | 25 | $29.6M | IAU, GLD, UBER, MSFT, NOK |
| Q4 2024 | 55 | $67.2M | NVDA, HD, IEUR, XLE, AVGO |
| Q3 2024 | 42 | $56.6M | VRT, NVDA, VIST, WMT, REGN |
| Q2 2024 | 46 | $61.5M | NVDA, META, QCOM, AMAT, MSFT |
| Q1 2024 | 46 | $56.8M | NVDA, MSFT, AVGO, DIS, NFLX |