Connective Portfolio Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Connective Portfolio Management, LLC reported 38 stock positions worth $55.5 million. Its top holding was iShares Gold Trust (IAU) at 9.1% of the portfolio, followed by SPDR Gold Shares (GLD, 6.8%) and Alphabet Class A (GOOGL, 5.7%). Compared with Q3 2025, it opened 14 new positions, sold out of 14, added to 2 and reduced 10. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale an exit from Oracle (ORCL).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001905083
- Portfolio Value
- $55.5M (Q4 2025)
- SEC Filing
- 0001905083-26-000001 ↗ filed Jan 12, 2026
Holdings Value
Holdings 38 stocks · $55.5M
| IAU iShares Gold Trust | 9.07% | 62,029 | $5.0M | No change |
| GLD SPDR Gold Shares | 6.76% | 9,465 | $3.8M | No change |
| GOOGL Alphabet Inc. Class A | 5.70% | 10,100 | $3.2M | New |
| NVDA Nvidia Corp. | 5.54% | 16,475 | $3.1M | Add +43.6% |
| PHYS Sprott Physical Gold Trust | 5.06% | 85,000 | $2.8M | Add +30.8% |
| EEM iShares MSCI Emerging Market | 4.55% | 46,125 | $2.5M | Reduce -30.3% |
| MSFT Microsoft Corp. | 4.38% | 5,024 | $2.4M | Reduce -32.3% |
| JPM JPMorgan Chase & Co. | 4.34% | 7,480 | $2.4M | No change |
| SHEL Shell PLC-ADR | 4.00% | 30,195 | $2.2M | New |
| XLV SS Health Care Select Sector | 3.63% | 13,000 | $2.0M | New |
| INTC Intel Corp. | 3.39% | 51,025 | $1.9M | New |
| AAPL Apple Inc. | 3.19% | 6,520 | $1.8M | No change |
| PL Planet Labs PBC | 2.84% | 80,000 | $1.6M | New |
| C Citigroup Inc. | 2.77% | 13,185 | $1.5M | Reduce -43.1% |
| AVGO Broadcom Inc. | 2.68% | 4,295 | $1.5M | Reduce -25.9% |
| GM General Motors Co. | 2.34% | 16,000 | $1.3M | New |
| BLK BlackRock Inc. | 2.12% | 1,100 | $1.2M | New |
| CVX Chevron Corp. | 2.03% | 7,399 | $1.1M | No change |
| RKLB Rocket Lab Corp. | 2.01% | 16,000 | $1.1M | Reduce -44.8% |
| ECHO Echostar Corp. Class A | 1.96% | 10,000 | $1.1M | No change |
| NOK Nokia Corp.-Spon ADR | 1.92% | 165,000 | $1.1M | New |
| EWZ iShares MSCI Brazil ETF | 1.72% | 30,000 | $953K | Reduce -57.1% |
| PLTR Palantir Technologies Inc. Class A | 1.61% | 5,020 | $892K | Reduce -16.6% |
| WDC Western Digital Corp. | 1.55% | 5,000 | $861K | New |
| NTRA Natera Inc. | 1.40% | 3,400 | $779K | New |
| STX Seagate Technology Holdings | 1.39% | 2,800 | $771K | New |
| UNH Unitedhealth Group Inc. | 1.37% | 2,300 | $759K | No change |
| IEMG iShares Core MSCI Emerging | 1.33% | 11,000 | $739K | New |
| GH Guardant Health Inc. | 1.29% | 7,000 | $715K | New |
| MA Mastercard Inc. Class A | 1.27% | 1,235 | $705K | No change |
| SNOW Snowflake Inc. | 1.11% | 2,800 | $614K | New |
| CAT Caterpillar Inc. | 1.03% | 1,000 | $573K | Reduce -50.0% |
| PWR Quanta Services Inc. | 0.99% | 1,305 | $551K | No change |
| PG The Procter & Gamble Co. | 0.97% | 3,760 | $539K | No change |
| RKT Rocket Cos Inc. Class A | 0.91% | 26,000 | $503K | Reduce -45.8% |
| CMG Chipotle Mexican Grill Inc. | 0.86% | 12,875 | $476K | No change |
| LEGN Legend Biotech Corp.-ADR | 0.49% | 12,500 | $272K | Reduce -49.0% |
| CRCL Circle Internet Group Inc. | 0.43% | 3,000 | $238K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Sold out | 0.00% | −4.18 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −3.11 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −2.90 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −2.44 |
| MSFT Microsoft Corp. | Reduce -32.3% | 4.38% | −2.42 |
| CIEN Ciena Corp. | Sold out | 0.00% | −2.28 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −2.12 |
| EWZ iShares MSCI Brazil ETF | Reduce -57.1% | 1.72% | −2.12 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.97 |
| BA The Boeing Co. | Sold out | 0.00% | −1.97 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −1.94 |
| NFLX Netflix Inc. | Sold out | 0.00% | −1.92 |
| EEM iShares MSCI Emerging Market | Reduce -30.3% | 4.55% | −1.67 |
| C Citigroup Inc. | Reduce -43.1% | 2.77% | −1.35 |
| PGR Progressive Corp. | Sold out | 0.00% | −1.08 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −1.07 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.06 |
| LEGN Legend Biotech Corp.-ADR | Reduce -49.0% | 0.49% | −0.93 |
| RKT Rocket Cos Inc. Class A | Reduce -45.8% | 0.91% | −0.80 |
| APLD Applied Digital Corp. | Sold out | 0.00% | −0.78 |
| AVGO Broadcom Inc. | Reduce -25.9% | 2.68% | −0.72 |
| CAT Caterpillar Inc. | Reduce -50.0% | 1.03% | −0.63 |
| RKLB Rocket Lab Corp. | Reduce -44.8% | 2.01% | −0.40 |
| PLTR Palantir Technologies Inc. Class A | Reduce -16.6% | 1.61% | −0.29 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | New | 5.70% | +5.70 |
| SHEL Shell PLC-ADR | New | 4.00% | +4.00 |
| XLV SS Health Care Select Sector | New | 3.63% | +3.63 |
| INTC Intel Corp. | New | 3.39% | +3.39 |
| PL Planet Labs PBC | New | 2.84% | +2.84 |
| GM General Motors Co. | New | 2.34% | +2.34 |
| BLK BlackRock Inc. | New | 2.12% | +2.12 |
| NOK Nokia Corp.-Spon ADR | New | 1.92% | +1.92 |
| NVDA Nvidia Corp. | Add +43.6% | 5.54% | +1.74 |
| PHYS Sprott Physical Gold Trust | Add +30.8% | 5.06% | +1.69 |
| WDC Western Digital Corp. | New | 1.55% | +1.55 |
| NTRA Natera Inc. | New | 1.40% | +1.40 |
| STX Seagate Technology Holdings | New | 1.39% | +1.39 |
| IEMG iShares Core MSCI Emerging | New | 1.33% | +1.33 |
| GH Guardant Health Inc. | New | 1.29% | +1.29 |
| SNOW Snowflake Inc. | New | 1.11% | +1.11 |
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 |