Dimension Capital Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Dimension Capital Management LLC reported 113 stock positions worth $687.6 million. Its top holding was iShares MSCI Acwi ETF (ACWI) at 17.4% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 17.0%) and SPDR Gold Shares (GLD, 9.5%). Compared with Q2 2025, it opened 6 new positions, sold out of 2, added to 20 and reduced 44. The biggest buy was a new position in Franco-Nevada (FNV) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −11%).

Most Recent 13F
Q2 2026
Location
Coral Gables, FL
CIK
0001041773
Portfolio Value
$687.6M (Q3 2025)
SEC Filing
0001172661-25-004910 ↗ filed Nov 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $501.5M Q1 2024 Q2 2024: $491.6M Q2 2024 Q3 2024: $529.6M Q3 2024 Q4 2024: $612.1M Q4 2024 Q1 2025: $563.8M Q1 2025 Q2 2025: $638.0M Q2 2025 Q3 2025: $687.6M $687.6M Q3 2025 Q4 2025: $713.6M Q4 2025 Q1 2026: $711.6M Q1 2026 Q2 2026: $852.2M Q2 2026

Holdings 113 stocks · $687.6M
ACWI iShares MSCI Acwi ETF 17.38% 864,189 $119.5M Reduce -0.6%
SPY SS SPDR S&P 500 ETF Trust-US 17.02% 175,645 $117.0M Add +1.6%
GLD SPDR Gold Shares 9.52% 184,111 $65.4M Reduce -3.8%
BIL SS SPDR BB 1-3M T-Bill ETF 6.72% 503,608 $46.2M Reduce -11.0%
RSP Invesco S&P 500 Equal Weight 3.33% 120,741 $22.9M Reduce -0.1%
IVV iShares Core S&P 500 ETF 3.22% 33,095 $22.2M Reduce -2.0%
IJR iShares Core S&P Small-Cap E 3.18% 183,851 $21.8M Reduce -4.5%
QQQ Invesco QQQ Trust Series 1 2.72% 31,100 $18.7M Reduce -0.6%
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 2.51% 487,567 $17.3M Add +1.0%
IWM iShares Russell 2000 ETF 2.27% 64,458 $15.6M Add +0.1%
EEM iShares MSCI Emerging Market 2.04% 262,367 $14.0M Reduce -0.4%
NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP 1.59% 1,132,487 $10.9M Add +19.2%
EFA iShares MSCI Eafe ETF 1.47% 108,432 $10.1M Add +2.6%
BCSF Bain Capital Specialty Finan 1.43% 689,146 $9.8M Add +12.9%
VGK Vanguard Ftse Europe ETF 1.36% 117,590 $9.4M No change
IGSB iShares 1-5Y Inv Grade Corp. 1.26% 163,932 $8.7M Add +24.7%
IEF iShares 7-10 Year Treasury B 1.23% 87,925 $8.5M Reduce -3.7%
IWF iShares Russell 1000 Growth 1.18% 17,335 $8.1M No change
IWD iShares Russell 1000 Value E 1.10% 37,023 $7.5M No change
SGRY Surgery Partners Inc. 1.03% 325,956 $7.1M Add +8.1%
TRTX TPG Re Finance Trust Inc. 0.85% 679,226 $5.8M Add +47.8%
AAPL Apple Inc. 0.82% 22,240 $5.7M Add +1.5%
BBDC Barings BDC Inc. 0.82% 641,337 $5.6M Add +9.6%
BRK.A Berkshire Hathaway Inc. Class A 0.77% 7 $5.3M No change
AMZN Amazon.com Inc. 0.74% 23,287 $5.1M Reduce -0.1%
CEG Constellation Energy 0.63% 13,207 $4.3M No change
MS Morgan Stanley 0.61% 26,270 $4.2M No change
MSFT Microsoft Corp. 0.54% 7,223 $3.7M Add +6.4%
META Meta Platforms Inc. Class A 0.53% 4,986 $3.7M Reduce -2.0%
MCHI iShares MSCI China ETF 0.49% 50,678 $3.3M No change
FNV Franco-Nevada Corp. 0.46% 14,300 $3.2M New
GOOG Alphabet Inc. Class C 0.46% 13,068 $3.2M Reduce -6.4%
DHI D.R. Horton Inc. 0.46% 18,461 $3.1M Add +22.0%
GLBE Global-E Online Ltd. 0.43% 82,709 $3.0M Reduce -0.2%
XBI SS SPDR S&P Biotech ETF 0.40% 27,616 $2.8M Reduce -1.1%
XLF SS Financial Select Sector 0.38% 49,097 $2.6M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.35% 4,728 $2.4M Reduce -43.6%
ORCL Oracle Corp. 0.34% 8,391 $2.4M Reduce -0.7%
NVDA Nvidia Corp. 0.33% 12,241 $2.3M Reduce -2.5%
BX Blackstone Inc. 0.32% 13,064 $2.2M No change
LPRE Long Pond Real Estat Sel ETF 0.32% 84,597 $2.2M New
PLTR Palantir Technologies Inc. Class A 0.31% 11,526 $2.1M Reduce -0.9%
UHAL U-Haul Holding Co. 0.29% 35,016 $2.0M New
APO Apollo Global Management Inc. 0.28% 14,287 $1.9M No change
IBIT iShares Bitcoin Trust ETF 0.26% 27,867 $1.8M Add +63.5%
VB Vanguard Most SM-Cap ETF-Usd 0.26% 7,032 $1.8M Reduce -0.2%
GOOGL Alphabet Inc. Class A 0.24% 6,927 $1.7M Add +15.8%
SMRT Smartrent Inc. 0.24% 1,159,135 $1.6M No change
SPOT Spotify Technology SA 0.22% 2,211 $1.5M Reduce -0.1%
FOR Forestar Group Inc. 0.20% 51,534 $1.4M Reduce -31.8%
DBEF Xtrackers MSCI Eafe Hedged E 0.20% 29,107 $1.4M No change
VOO Vanguard S&P 500 ETF 0.19% 2,156 $1.3M Reduce -12.3%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.19% 16,214 $1.3M Reduce -0.1%
VTI VG Morningstar TS MKT ETF-US 0.18% 3,874 $1.3M Reduce -2.3%
ETN Eaton Corp. PLC 0.18% 3,310 $1.2M Reduce -0.0%
V Visa Inc. Class A 0.17% 3,458 $1.2M Reduce -1.9%
AHCO Adapthealth Corp. 0.17% 128,947 $1.2M No change
HEFA Isha Curr Hedged MSCI Eafe 0.17% 28,703 $1.1M No change
DOO BRP Inc./Ca- Sub Voting 0.15% 16,905 $1.0M Add +53.9%
SPGI S&P Global Inc. 0.14% 2,008 $978K Add +2.9%
ASML ASML Holding NV-NY Reg SHS 0.14% 972 $942K Reduce -1.1%
XLI SS Industrial Select Sector 0.13% 5,867 $905K No change
NYF iShares New York Muni Bond E 0.12% 15,039 $802K Reduce -8.2%
IVE iShares S&P 500 Value ETF 0.12% 3,873 $800K No change
CVS CVS Health Corp. 0.12% 10,507 $792K No change
IVW iShares S&P 500 Growth ETF 0.11% 6,490 $783K No change
COIN Coinbase Global Inc. Class A 0.11% 2,275 $768K Reduce -1.6%
MCO Moody's Corp. 0.11% 1,586 $756K No change
HEZU iShares Currency Hedged MSCI 0.11% 17,853 $753K No change
CRWV Coreweave Inc. Class A 0.10% 5,195 $711K Add +7.3%
INDA iShares MSCI India ETF 0.10% 12,975 $675K No change
RTX RTX Corp. 0.09% 3,884 $650K Reduce -1.6%
IYR iShares US Real Estate ETF 0.09% 6,599 $641K No change
PWZ Invesco California Amt-Free 0.09% 26,232 $627K No change
SJNK SS SPDR BB St Hi Yield ETF 0.09% 22,830 $584K Reduce -0.2%
JBGS JBG Smith Properties 0.08% 25,934 $577K New
SRLN SS Blackstone Sr Loan ETF 0.08% 13,213 $549K Add +1.5%
SHOP Shopify Inc. Class A 0.07% 3,105 $462K Reduce -53.8%
IWN iShares Russell 2000 Value E 0.06% 2,478 $438K No change
EXPE Expedia Group Inc. 0.06% 2,026 $433K No change
ACWX iShares MSCI Acwi Ex US ETF 0.06% 6,578 $428K No change
VWO Vanguard Ftse Emerging Marke 0.06% 7,852 $425K No change
STPZ PIMCO 1-5 Year US Tips Index 0.06% 7,483 $405K No change
CART Maplebear Inc. 0.06% 10,350 $380K Reduce -26.1%
SHY iShares 1-3 Year Treasury Bo 0.06% 4,583 $380K No change
BKLN Invesco Senior Loan ETF 0.05% 17,840 $373K No change
LMT Lockheed Martin Corp. 0.05% 706 $352K No change
IJH iShares Core S&P Midcap ETF 0.05% 5,400 $352K No change
EMB iShares JP Morgan Usd Emergi 0.05% 3,687 $351K Reduce -0.7%
H Hyatt Hotels Corp. Class A 0.05% 2,441 $346K Reduce -7.7%
TSM Taiwan Semiconductor-SP ADR 0.05% 1,169 $326K Reduce -7.7%
XLV SS Health Care Select Sector 0.04% 2,224 $310K No change
ROOT Root Inc./Oh Class A 0.04% 3,445 $308K Reduce -24.8%
MKL Markel Group Inc. 0.04% 150 $287K No change
IGV iShares Expanded Tech-Softwa 0.04% 2,464 $283K No change
AVGO Broadcom Inc. 0.04% 848 $280K Reduce -14.0%
SMMD iShares Russell 2500 ETF 0.04% 3,665 $270K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.04% 2,416 $269K Reduce -3.9%
TSLA Tesla Inc. 0.04% 600 $267K Reduce -30.7%
WRBY Warby Parker Inc. Class A 0.04% 9,550 $263K No change
BND Vanguard Total Bond Market 0.04% 3,530 $263K No change
ARM Arm Holdings PLC-ADR 0.04% 1,749 $247K No change
PM Philip Morris International 0.03% 1,469 $238K No change
SPHY SS SPDR P High Yield ETF 0.03% 9,829 $235K No change
BABA Alibaba Group Holding-SP ADR 0.03% 1,314 $235K Reduce -58.9%
EWJ iShares MSCI Japan ETF 0.03% 2,911 $233K Reduce -62.3%
QSR Restaurant Brands Intern 0.03% 3,501 $225K No change
MDY State Street SPDR S&P Midcap 0.03% 351 $209K New
BIV Vanguard Intermediate-Term B 0.03% 2,668 $208K No change
DBP Invesco DB Precious Metals F 0.03% 2,330 $207K New
WHF Whitehorse Finance Inc. 0.03% 28,337 $196K No change
HLN Haleon PLC-ADR 0.02% 15,155 $136K Reduce -7.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 402 $21K Reduce -6.5%

Options reported separately and not counted above: BAC puts ($7.7M).

Portfolio Sells Q2 2025 → Q3 2025
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -11.0% 6.72% −1.42
BRK.B Berkshire Hathaway Inc. Class B Reduce -43.6% 0.35% −0.29
ACWI iShares MSCI Acwi ETF Reduce -0.6% 17.38% −0.15
IEF iShares 7-10 Year Treasury B Reduce -3.7% 1.23% −0.14
IJR iShares Core S&P Small-Cap E Reduce -4.5% 3.18% −0.12
RSP Invesco S&P 500 Equal Weight Reduce -0.1% 3.33% −0.11
UYG Proshares Ultra Financials Sold out 0.00% −0.07
IVV iShares Core S&P 500 ETF Reduce -2.0% 3.22% −0.06
AMZN Amazon.com Inc. Reduce -0.1% 0.74% −0.06
EWJ iShares MSCI Japan ETF Reduce -62.3% 0.03% −0.06
META Meta Platforms Inc. Class A Reduce -2.0% 0.53% −0.06
SHOP Shopify Inc. Class A Reduce -53.8% 0.07% −0.05
ROOT Root Inc./Oh Class A Reduce -24.8% 0.04% −0.05
CART Maplebear Inc. Reduce -26.1% 0.06% −0.04
SPOT Spotify Technology SA Reduce -0.1% 0.22% −0.04
FOR Forestar Group Inc. Reduce -31.8% 0.20% −0.04
CPT Camden Property Trust Sold out 0.00% −0.03
VOO Vanguard S&P 500 ETF Reduce -12.3% 0.19% −0.03
V Visa Inc. Class A Reduce -1.9% 0.17% −0.02
BABA Alibaba Group Holding-SP ADR Reduce -58.9% 0.03% −0.02
NYF iShares New York Muni Bond E Reduce -8.2% 0.12% −0.02
COIN Coinbase Global Inc. Class A Reduce -1.6% 0.11% −0.02
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -0.1% 0.19% −0.01
GLBE Global-E Online Ltd. Reduce -0.2% 0.43% −0.01
H Hyatt Hotels Corp. Class A Reduce -7.7% 0.05% −0.01
HLN Haleon PLC-ADR Reduce -7.8% 0.02% −0.01
SJNK SS SPDR BB St Hi Yield ETF Reduce -0.2% 0.09% −0.01
ETN Eaton Corp. PLC Reduce -0.0% 0.18% −0.01
TSLA Tesla Inc. Reduce -30.7% 0.04% −0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -3.9% 0.04% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -2.3% 0.18% −0.00
EMB iShares JP Morgan Usd Emergi Reduce -0.7% 0.05% −0.00
AVGO Broadcom Inc. Reduce -14.0% 0.04% −0.00
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.2% 0.26% −0.00
BAC Bank of America Corp. Reduce -6.5% 0.00% −0.00
TSM Taiwan Semiconductor-SP ADR Reduce -7.7% 0.05% +0.00
RTX RTX Corp. Reduce -1.6% 0.09% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.6% 2.72% +0.01
ASML ASML Holding NV-NY Reg SHS Reduce -1.1% 0.14% +0.01
NVDA Nvidia Corp. Reduce -2.5% 0.33% +0.02
XBI SS SPDR S&P Biotech ETF Reduce -1.1% 0.40% +0.04
EEM iShares MSCI Emerging Market Reduce -0.4% 2.04% +0.05
ORCL Oracle Corp. Reduce -0.7% 0.34% +0.05
PLTR Palantir Technologies Inc. Class A Reduce -0.9% 0.31% +0.06
GOOG Alphabet Inc. Class C Reduce -6.4% 0.46% +0.07
GLD SPDR Gold Shares Reduce -3.8% 9.52% +0.38

Portfolio Buys Q2 2025 → Q3 2025
FNV Franco-Nevada Corp. New 0.46% +0.46
LPRE Long Pond Real Estat Sel ETF New 0.32% +0.32
UHAL U-Haul Holding Co. New 0.29% +0.29
TRTX TPG Re Finance Trust Inc. Add +47.8% 0.85% +0.29
SPY SS SPDR S&P 500 ETF Trust-US Add +1.6% 17.02% +0.27
IGSB iShares 1-5Y Inv Grade Corp. Add +24.7% 1.26% +0.18
DHI D.R. Horton Inc. Add +22.0% 0.46% +0.15
AAPL Apple Inc. Add +1.5% 0.82% +0.12
IBIT iShares Bitcoin Trust ETF Add +63.5% 0.26% +0.10
IWM iShares Russell 2000 ETF Add +0.1% 2.27% +0.09
JBGS JBG Smith Properties New 0.08% +0.08
GOOGL Alphabet Inc. Class A Add +15.8% 0.24% +0.08
DOO BRP Inc./Ca- Sub Voting Add +53.9% 0.15% +0.07
MDY State Street SPDR S&P Midcap New 0.03% +0.03
DBP Invesco DB Precious Metals F New 0.03% +0.03
NMFC New Mountain Finance Corp. Add +19.2% 1.59% +0.02
MSFT Microsoft Corp. Add +6.4% 0.54% +0.01
SRLN SS Blackstone Sr Loan ETF Add +1.5% 0.08% −0.01
EFA iShares MSCI Eafe ETF Add +2.6% 1.47% −0.01
BCSF Bain Capital Specialty Finan Add +12.9% 1.43% −0.01
XLF SS Financial Select Sector Add +0.5% 0.38% −0.02
SPGI S&P Global Inc. Add +2.9% 0.14% −0.02
CRWV Coreweave Inc. Class A Add +7.3% 0.10% −0.02
BBDC Barings BDC Inc. Add +9.6% 0.82% −0.02
SGRY Surgery Partners Inc. Add +8.1% 1.03% −0.02
DJP Ipath Bloomberg Commodity Inc. Add +1.0% 2.51% −0.06

Options Activity Q2 2025 → Q3 2025
BAC Bank of America Corp. put New 150,000 $7.7M
BAC Bank of America Corp. call Sold out 150,000 $7.1Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 139$852.2MACWI, SPY, GLD, BIL, IJR
Q1 2026 121$711.6MACWI, SPY, GLD, BIL, IJR
Q4 2025 113$713.6MACWI, SPY, GLD, BIL, RSP
Q3 2025 113$687.6MACWI, SPY, GLD, BIL, RSP
Q2 2025 109$638.0MACWI, SPY, GLD, BIL, RSP
Q1 2025 99$563.8MACWI, SPY, GLD, BIL, RSP
Q4 2024 108$612.1MACWI, SPY, BIL, GLD, IVV
Q3 2024 97$529.6MACWI, SPY, GLD, IVV, RSP
Q2 2024 104$491.6MACWI, SPY, GLD, IVV, DJP
Q1 2024 113$501.5MACWI, SPY, BCSF, GLD, IVV