DLK Investment Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), DLK Investment Management, LLC reported 86 stock positions worth $238.9 million. Its top holding was Apple (AAPL) at 6.5% of the portfolio, followed by Microsoft (MSFT, 5.7%) and Visa Class A (V, 4.5%). Compared with Q4 2024, it opened 5 new positions, sold out of 7, added to 34 and reduced 19. The biggest buy was a new position in Constellation Brands Class A (STZ) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F
Q2 2026
Location
SOLANA BEACH, CA
CIK
0002016793
Portfolio Value
$238.9M (Q1 2025)
SEC Filing
0001085146-25-002293 ↗ filed Apr 23, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $235.3M Q1 2024 Q2 2024: $241.6M Q2 2024 Q3 2024: $260.6M Q3 2024 Q4 2024: $239.2M Q4 2024 Q1 2025: $238.9M $238.9M Q1 2025 Q2 2025: $264.6M Q2 2025 Q3 2025: $265.4M Q3 2025 Q4 2025: $268.7M Q4 2025 Q1 2026: $252.9M Q1 2026 Q2 2026: $234.8M Q2 2026

Holdings 86 stocks · $238.9M
AAPL Apple Inc. 6.46% 69,462 $15.4M Reduce -2.3%
MSFT Microsoft Corp. 5.75% 36,571 $13.7M Add +2.2%
V Visa Inc. Class A 4.52% 30,819 $10.8M Reduce -1.6%
GOOG Alphabet Inc. Class C 4.22% 64,582 $10.1M Reduce -0.6%
COST Costco Wholesale Corp. 4.00% 10,099 $9.6M Reduce -0.3%
ICE Intercontinental Exchange Inc. 3.55% 49,164 $8.5M Reduce -0.6%
WM Waste Management Inc. 3.23% 33,330 $7.7M Add +1.2%
JPM JPMorgan Chase & Co. 3.14% 30,615 $7.5M Reduce -20.1%
RTX RTX Corp. 2.84% 51,221 $6.8M Reduce -11.4%
ABT Abbott Laboratories 2.80% 50,345 $6.7M Add +2.3%
WMT Walmart Inc. 2.69% 73,312 $6.4M Reduce -9.7%
HON Honeywell International Inc. 2.69% 30,340 $6.4M Add +2.8%
AMGN Amgen Inc. 2.67% 20,491 $6.4M Add +7.3%
JNJ Johnson & Johnson 2.49% 35,935 $6.0M Add +8.6%
ITW Illinois Tool Works 2.49% 24,026 $6.0M Add +3.0%
STZ Constellation Brands Inc. Class A 2.41% 31,379 $5.8M New
HD Home Depot Inc. 2.30% 14,997 $5.5M Add +2.9%
MKC McCormick & Co.-Non VTG SHRS 2.28% 66,249 $5.5M Reduce -13.1%
AMZN Amazon.com Inc. 2.27% 28,452 $5.4M Reduce -2.1%
PEP Pepsico Inc. 2.20% 35,079 $5.3M Reduce -4.0%
MCD McDonald's Corp. 2.07% 15,843 $4.9M Add +3.3%
DHR Danaher Corp. 2.06% 24,021 $4.9M Add +8.2%
BDX Becton Dickinson and Co. 1.99% 20,798 $4.8M Add +13.6%
MDT Medtronic PLC 1.94% 51,580 $4.6M Add +8.3%
SCHW Schwab (charles) Corp. 1.94% 59,121 $4.6M Add +0.8%
TSLA Tesla Inc. 1.87% 17,251 $4.5M Reduce -6.9%
ADBE Adobe Inc. 1.83% 11,388 $4.4M Add +11.7%
KVUE Kenvue Inc. 1.72% 170,966 $4.1M New
CSCO Cisco Systems Inc. 1.71% 66,235 $4.1M Add +0.3%
DE Deere & Co. 1.65% 8,391 $3.9M Add +2.2%
QCOM Qualcomm Inc. 1.60% 24,926 $3.8M Add +3.7%
LIN Linde PLC 1.60% 8,215 $3.8M Add +4.8%
NKE Nike Inc. Class B 1.47% 55,334 $3.5M Add +14.9%
ACN Accenture PLC Class A 1.34% 10,234 $3.2M Add +5.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.30% 31,389 $3.1M Add +5.0%
TXN Texas Instruments Inc. 1.16% 15,352 $2.8M Add +9.6%
NFLX Netflix Inc. 0.86% 2,208 $2.1M Reduce -3.8%
SRE Sempra 0.60% 20,127 $1.4M Reduce -6.5%
GE General Electric filed as GE AEROSPACE 0.50% 5,981 $1.2M No change
META Meta Platforms Inc. Class A 0.45% 1,854 $1.1M Reduce -3.4%
DGX Quest Diagnostics Inc. 0.37% 5,248 $888K No change
CR Crane Co. 0.36% 5,654 $866K No change
NVDA Nvidia Corp. 0.35% 7,601 $824K Add +1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.30% 2,894 $720K No change
BRK.B Berkshire Hathaway Inc. Class B 0.27% 1,191 $634K No change
GOOGL Alphabet Inc. Class A 0.26% 3,977 $615K Reduce -0.9%
GEV GE Vernova Inc. 0.24% 1,884 $575K No change
MA Mastercard Inc. Class A 0.22% 971 $532K No change
RGTI Rigetti Computing Inc. 0.18% 55,001 $436K Reduce -2.2%
ABBV Abbvie Inc. 0.17% 1,953 $409K No change
CVX Chevron Corp. 0.17% 2,391 $400K Reduce -12.9%
SNAP Snap Inc. Class A 0.17% 45,788 $399K No change
XOM Exxon Mobil Corp. 0.16% 3,222 $383K Reduce -4.7%
ETN Eaton Corp. PLC 0.15% 1,349 $367K Add +0.4%
AMAT Applied Materials Inc. 0.14% 2,336 $339K Add +2.3%
ABNB Airbnb Inc. Class A 0.13% 2,571 $307K Add +1.4%
PANW Palo Alto Networks Inc. 0.12% 1,736 $296K Add +0.1%
CRM Salesforce Inc. 0.12% 1,092 $293K Add +2.5%
SHOP Shopify Inc. Class A 0.12% 3,030 $289K No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.11% 1,738 $257K No change
VZ Verizon Communications Inc. 0.11% 5,627 $255K Add +4.8%
AXP American Express Co. 0.09% 837 $225K No change
RNAM Avidity Biosciences Inc. 0.09% 7,600 $224K No change
ORCL Oracle Corp. 0.09% 1,554 $217K No change
EBAY eBay Inc. 0.09% 3,200 $217K New
CXT Crane NXT Co. 0.09% 4,000 $206K No change
EPD Enterprise Products Partners 0.09% 6,000 $205K New
GEHC GE Healthcare Technology 0.08% 2,513 $203K New
MRK Merck & Co. Inc. 0.08% 2,251 $202K No change
RIOT Riot Platforms Inc. 0.08% 25,500 $182K No change
ZIM Zim Integrated Shipping Serv 0.06% 10,257 $150K No change
AG First Majestic Silver Corp. 0.04% 14,200 $95K No change
DRIO Dariohealth Corp. 0.04% 151,659 $93K Add +7.1%
CRNT Ceragon Networks Ltd. 0.03% 30,200 $71K No change
BTCS BTCS Inc. 0.02% 28,600 $43K No change
HRTX Heron Therapeutics Inc. 0.02% 17,390 $38K No change
ADCT Adc Therapeutics SA 0.02% 26,805 $38K Add +3.9%
CIFR Cipher Digital Inc. 0.02% 16,300 $37K No change
EDIT Editas Medicine Inc. 0.01% 30,719 $36K Add +19.4%
PAAI Paradium AI Inc. filed as THE ARENA GROUP HOLDINGS INC 0.01% 16,000 $28K No change
BDTX Black Diamond Therapeutics I 0.01% 16,000 $25K No change
QSI Quantum-Si Inc. 0.01% 19,000 $23K No change
SPRO Spero Therapeutics Inc. 0.01% 29,825 $21K Add +3.0%
PASG Passage Bio Inc. 0.01% 53,000 $19K No change
ALEC Alector Inc. 0.01% 11,500 $14K Add +9.5%
BITF Bitfarms Ltd./Canada 0.00% 13,500 $11K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
SecurityClassShares / PrincipalValueChange
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 77,000$3KNo change

Total filed on the 13F, all lines: $238.9M.

Portfolio Sells Q4 2024 → Q1 2025
UNH Unitedhealth Group Inc. Sold out 0.00% −1.82
TSLA Tesla Inc. Reduce -6.9% 1.87% −1.26
AAPL Apple Inc. Reduce -2.3% 6.46% −0.99
GOOG Alphabet Inc. Class C Reduce -0.6% 4.22% −0.95
JPM JPMorgan Chase & Co. Reduce -20.1% 3.14% −0.69
AMZN Amazon.com Inc. Reduce -2.1% 2.27% −0.40
WMT Walmart Inc. Reduce -9.7% 2.69% −0.37
SRE Sempra Reduce -6.5% 0.60% −0.19
DFS Discover Financial Services Sold out 0.00% −0.18
RGTI Rigetti Computing Inc. Reduce -2.2% 0.18% −0.18
MKC McCormick & Co.-Non VTG SHRS Reduce -13.1% 2.28% −0.15
PEP Pepsico Inc. Reduce -4.0% 2.20% −0.12
TWLO Twilio Inc. Class A Sold out 0.00% −0.11
HIG Hartford Insurance Group Inc. Sold out 0.00% −0.10
GS Goldman Sachs Group Inc. Sold out 0.00% −0.09
GOOGL Alphabet Inc. Class A Reduce -0.9% 0.26% −0.06
ZUO Zuora Inc. Class A Sold out 0.00% −0.05
META Meta Platforms Inc. Class A Reduce -3.4% 0.45% −0.02
BNGO Bionano Genomics Inc. Sold out 0.00% −0.00
CVX Chevron Corp. Reduce -12.9% 0.17% +0.00
NFLX Netflix Inc. Reduce -3.8% 0.86% +0.01
XOM Exxon Mobil Corp. Reduce -4.7% 0.16% +0.01
RTX RTX Corp. Reduce -11.4% 2.84% +0.04
COST Costco Wholesale Corp. Reduce -0.3% 4.00% +0.12
V Visa Inc. Class A Reduce -1.6% 4.52% +0.38
ICE Intercontinental Exchange Inc. Reduce -0.6% 3.55% +0.47

Portfolio Buys Q4 2024 → Q1 2025
STZ Constellation Brands Inc. Class A New 2.41% +2.41
KVUE Kenvue Inc. New 1.72% +1.72
AMGN Amgen Inc. Add +7.3% 2.67% +0.59
JNJ Johnson & Johnson Add +8.6% 2.49% +0.49
ABT Abbott Laboratories Add +2.3% 2.80% +0.47
WM Waste Management Inc. Add +1.2% 3.23% +0.45
MDT Medtronic PLC Add +8.3% 1.94% +0.35
BDX Becton Dickinson and Co. Add +13.6% 1.99% +0.26
LIN Linde PLC Add +4.8% 1.60% +0.23
MCD McDonald's Corp. Add +3.3% 2.07% +0.21
DE Deere & Co. Add +2.2% 1.65% +0.19
SCHW Schwab (charles) Corp. Add +0.8% 1.94% +0.12
EBAY eBay Inc. New 0.09% +0.09
EPD Enterprise Products Partners New 0.09% +0.09
GEHC GE Healthcare Technology New 0.08% +0.08
CSCO Cisco Systems Inc. Add +0.3% 1.71% +0.08
QCOM Qualcomm Inc. Add +3.7% 1.60% +0.06
TXN Texas Instruments Inc. Add +9.6% 1.16% +0.06
ITW Illinois Tool Works Add +3.0% 2.49% +0.02
VZ Verizon Communications Inc. Add +4.8% 0.11% +0.02
EDIT Editas Medicine Inc. Add +19.4% 0.01% +0.00
ALEC Alector Inc. Add +9.5% 0.01% −0.00
SPRO Spero Therapeutics Inc. Add +3.0% 0.01% −0.00
ADCT Adc Therapeutics SA Add +3.9% 0.02% −0.01
DRIO Dariohealth Corp. Add +7.1% 0.04% −0.01
PANW Palo Alto Networks Inc. Add +0.1% 0.12% −0.01
ABNB Airbnb Inc. Class A Add +1.4% 0.13% −0.01
AMAT Applied Materials Inc. Add +2.3% 0.14% −0.01
CRM Salesforce Inc. Add +2.5% 0.12% −0.03
ETN Eaton Corp. PLC Add +0.4% 0.15% −0.03
NKE Nike Inc. Class B Add +14.9% 1.47% −0.05
ADBE Adobe Inc. Add +11.7% 1.83% −0.07
DHR Danaher Corp. Add +8.2% 2.06% −0.07
HD Home Depot Inc. Add +2.9% 2.30% −0.07
NVDA Nvidia Corp. Add +1.1% 0.35% −0.08
ACN Accenture PLC Class A Add +5.2% 1.34% −0.09
DIS The Walt Disney Co. Add +5.0% 1.30% −0.09
HON Honeywell International Inc. Add +2.8% 2.69% −0.10
MSFT Microsoft Corp. Add +2.2% 5.75% −0.56

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 93$234.8MMSFT, AAPL, GOOG, SPSB, V
Q1 2026 92$252.9MAAPL, MSFT, GOOG, V, COST
Q4 2025 88$268.7MGOOG, AAPL, MSFT, V, JPM
Q3 2025 89$265.4MMSFT, AAPL, GOOG, V, JPM
Q2 2025 89$264.6MMSFT, AAPL, GOOG, V, COST
Q1 2025 86$238.9MAAPL, MSFT, V, GOOG, COST
Q4 2024 88$239.2MAAPL, MSFT, GOOG, V, COST
Q3 2024 110$260.6MAAPL, MSFT, GOOG, SPSB, V
Q2 2024 108$241.6MMSFT, AAPL, GOOG, SPSB, V
Q1 2024 107$235.3MMSFT, AAPL, GOOG, COST, V