Evergreen Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Evergreen Capital Management LLC reported 1,126 stock positions worth $3.3 billion. Its top holding was Microsoft (MSFT) at 3.3% of the portfolio, followed by iShares 3-7 Year Treasury Bo (IEI, 2.3%) and Paccar (PCAR, 2.2%). Compared with Q1 2025, it opened 179 new positions, sold out of 138, added to 514 and reduced 375. The biggest buy was a new position in Vanguard Tax-Exempt Bond ETF (VTEB) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Bellevue, WA
- CIK
- 0001260824
- Portfolio Value
- $3.3B (Q2 2025)
- SEC Filing
- 0001172661-25-003310 ↗ filed Aug 14, 2025
Holdings Value
Holdings 1,126 stocks · $3.3B
| MSFT Microsoft Corp. | 3.34% | 222,955 | $110.9M | Reduce -1.6% |
| IEI iShares 3-7 Year Treasury Bo | 2.29% | 638,391 | $76.0M | Add +19.3% |
| PCAR Paccar Inc. | 2.22% | 776,753 | $73.8M | Add +15.3% |
| AAPL Apple Inc. | 2.14% | 347,184 | $71.2M | Reduce -0.7% |
| NVDA Nvidia Corp. | 1.65% | 347,587 | $54.9M | Add +0.5% |
| MTBA Simplify MBS ETF | 1.62% | 1,073,502 | $53.8M | Add +1.4% |
| AMZN Amazon.com Inc. | 1.62% | 244,664 | $53.7M | Reduce -1.0% |
| JAAA Janus Henderson Aaa Clo ETF | 1.44% | 944,730 | $47.9M | Reduce -3.4% |
| GOOG Alphabet Inc. Class C | 1.39% | 260,999 | $46.3M | Add +4.1% |
| GOOGL Alphabet Inc. Class A | 1.21% | 228,906 | $40.3M | Add +10.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.10% | 745,522 | $36.6M | New |
| BINC iShares Flex I A ETF-Usd Inc. | 1.03% | 646,829 | $34.2M | Add +4.3% |
| VNQ Vanguard Real Estate ETF | 0.97% | 360,192 | $32.1M | Add +9.2% |
| DMBS Doubleline Mortgage ETF | 0.95% | 645,725 | $31.7M | Add +13.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.95% | 178,096 | $31.6M | Add +20.7% |
| ANGL Vaneck Fallen Angel High YLD | 0.91% | 1,033,582 | $30.3M | Add +2.7% |
| EPD Enterprise Products Partners | 0.89% | 952,471 | $29.5M | Add +0.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.87% | 350,347 | $29.0M | Reduce -2.4% |
| JPM JPMorgan Chase & Co. | 0.80% | 92,174 | $26.7M | Add +3.5% |
| EMLC Vaneck JPM Em Local Curr BND | 0.79% | 1,036,274 | $26.3M | Add +2.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.76% | 57,868 | $25.4M | Reduce -24.9% |
| SPTS SS SPDR P St Term TSY ETF | 0.75% | 845,495 | $24.8M | Reduce -9.4% |
| META Meta Platforms Inc. Class A | 0.73% | 33,078 | $24.4M | Add +7.7% |
| UBER Uber Technologies Inc. | 0.73% | 260,541 | $24.3M | Reduce -4.9% |
| MLPA Global X MLP ETF | 0.73% | 480,988 | $24.1M | Add +1.6% |
| SPHQ Invesco S&P 500 Quality ETF | 0.71% | 332,014 | $23.7M | Add +3.9% |
| IXC iShares Global Energy ETF | 0.71% | 596,807 | $23.4M | Reduce -1.9% |
| CSCO Cisco Systems Inc. | 0.67% | 319,270 | $22.2M | Add +1.8% |
| PAVE Global X US Infrastructure | 0.66% | 505,086 | $22.1M | Add +2.1% |
| SGOV iShares 0-3 Month Treasury B | 0.63% | 206,941 | $20.8M | Add +37.7% |
| TEI Templeton Emrg MKTS Inc. | 0.62% | 3,449,530 | $20.7M | Reduce -6.5% |
| MRK Merck & Co. Inc. | 0.62% | 257,044 | $20.6M | Add +61.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 41,689 | $20.3M | Add +3.4% |
| VOO Vanguard S&P 500 ETF | 0.60% | 35,038 | $20.0M | Add +16.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.60% | 32,056 | $19.9M | Add +5.4% |
| DELL Dell Technologies -C | 0.58% | 157,529 | $19.3M | Add +19.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.58% | 229,935 | $19.2M | Add +34.9% |
| IJR iShares Core S&P Small-Cap E | 0.56% | 169,738 | $18.6M | Add +50.5% |
| COST Costco Wholesale Corp. | 0.55% | 18,373 | $18.2M | Add +1.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.54% | 32,704 | $18.1M | Reduce -0.7% |
| QCOM Qualcomm Inc. | 0.53% | 111,038 | $17.7M | Add +6.6% |
| AESI Atlas Energy Solutions Inc. | 0.53% | 1,317,490 | $17.6M | Add +31.6% |
| EDD Morgan Stanley Emrg MRK Dom | 0.52% | 3,280,654 | $17.2M | Reduce -8.8% |
| ORCL Oracle Corp. | 0.51% | 77,871 | $17.0M | Reduce -11.3% |
| UPS United Parcel Service Class B | 0.51% | 167,496 | $16.9M | Add +19.4% |
| VDE Vanguard Energy ETF | 0.51% | 141,768 | $16.9M | Add +1.6% |
| NKE Nike Inc. Class B | 0.50% | 234,854 | $16.8M | Add +2.9% |
| ET Energy Transfer LP | 0.49% | 899,176 | $16.3M | Add +0.3% |
| AVGO Broadcom Inc. | 0.48% | 58,390 | $16.1M | Add +3.2% |
| IVV iShares Core S&P 500 ETF | 0.48% | 25,899 | $16.1M | Add +9.2% |
| JBBB Janus Henderson B-BBB Clo Et | 0.48% | 333,291 | $16.1M | Reduce -4.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 331,372 | $15.7M | Add +2.4% |
| AES AES Corp. | 0.47% | 1,483,204 | $15.6M | Add +4.8% |
| VGT Vanguard Info Tech ETF | 0.45% | 22,385 | $14.8M | Add +49.8% |
| C Citigroup Inc. | 0.45% | 173,804 | $14.8M | Add +41.4% |
| FANG Diamondback Energy Inc. | 0.44% | 106,787 | $14.7M | Add +7.4% |
| IFRA iShares US Infrastructure | 0.44% | 297,985 | $14.7M | Add +0.3% |
| DOCU Docusign Inc. | 0.43% | 185,567 | $14.5M | Reduce -0.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.43% | 214,247 | $14.4M | Reduce -0.8% |
| PAGP Plains GP Holdings LP | 0.43% | 740,252 | $14.4M | Add +3.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.42% | 113,664 | $14.1M | Reduce -0.2% |
| FAX Abrdn Asia-Pacific Income | 0.42% | 882,669 | $14.1M | Add +5.4% |
| VIG Vanguard Dividend Apprec ETF | 0.42% | 68,243 | $14.0M | Add +2.3% |
| LINE Lineage Inc. | 0.41% | 309,108 | $13.5M | New |
| REZ Ishars Res and Multi Reales | 0.40% | 162,276 | $13.4M | Add +8.5% |
| CEF Sprott Physical Gold and Sil | 0.40% | 441,552 | $13.3M | Add +1.5% |
| PYPL PayPal Holdings Inc. | 0.40% | 177,891 | $13.2M | Add +2.2% |
| OKE Oneok Inc. | 0.39% | 160,020 | $13.1M | Add +1.9% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.39% | 66,635 | $12.9M | Add +2.1% |
| SHEL Shell PLC-ADR | 0.39% | 183,093 | $12.9M | Add +5.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.39% | 56,602 | $12.9M | Reduce -8.7% |
| IWS iShares Russell Mid-Cap Valu | 0.38% | 96,789 | $12.8M | Add +5.5% |
| GD General Dynamics Corp. | 0.38% | 42,755 | $12.5M | Add +162.8% |
| J Jacobs Solutions Inc. | 0.37% | 94,305 | $12.4M | Add +0.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.37% | 377,866 | $12.3M | Add +2.6% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.36% | 114,281 | $12.0M | Add +6.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.36% | 171,348 | $11.8M | Add +13.2% |
| IFLN Invesco Bloomberg Enhanced F | 0.35% | 636,134 | $11.7M | Add +188.1% |
| TTE Totalenergies SE -Spon ADR | 0.35% | 187,960 | $11.7M | Add +4.0% |
| PFE Pfizer Inc. | 0.35% | 480,954 | $11.7M | Add +15.2% |
| DFAE Dimensional Emerging Core Eq | 0.35% | 398,186 | $11.5M | Add +15.5% |
| FDX FedEx Corp. | 0.35% | 50,264 | $11.5M | Add +28.5% |
| TSLA Tesla Inc. | 0.33% | 34,111 | $10.8M | Add +8.6% |
| DAL Delta Air Lines Inc. | 0.32% | 218,972 | $10.8M | Reduce -2.3% |
| MINT PIMCO Enhanced Short Maturit | 0.32% | 105,816 | $10.6M | Add +27.9% |
| PANW Palo Alto Networks Inc. | 0.32% | 51,807 | $10.6M | Reduce -16.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.32% | 112,045 | $10.5M | Add +13.0% |
| MPLX MPLX LP | 0.30% | 196,288 | $10.1M | Add +0.5% |
| MLPX Global X MLP & Energy Infras | 0.30% | 157,432 | $9.9M | Add +0.2% |
| CRH CRH PLC | 0.30% | 107,041 | $9.8M | Add +0.8% |
| DOW Dow Inc. | 0.29% | 369,015 | $9.8M | New |
| CRM Salesforce Inc. | 0.29% | 35,778 | $9.8M | Add +0.3% |
| JNJ Johnson & Johnson | 0.29% | 63,507 | $9.7M | Add +10.2% |
| CQQQ Invesco China Technology ETF | 0.28% | 213,453 | $9.4M | Add +10.3% |
| EWZ iShares MSCI Brazil ETF | 0.28% | 327,118 | $9.4M | Add +5.2% |
| VCIT Vanguard Int-Term Corporate | 0.28% | 111,806 | $9.3M | Add +35.6% |
| PSLV Sprott Physical Silver Trust | 0.28% | 755,879 | $9.3M | Add +2.2% |
| ABBV Abbvie Inc. | 0.28% | 49,400 | $9.2M | Add +1.4% |
| SCHW Schwab (charles) Corp. | 0.27% | 99,702 | $9.1M | Reduce -11.4% |
| KW Kennedy-Wilson Holdings Inc. | 0.27% | 1,306,474 | $9.0M | Add +8688.3% |
Options reported separately and not counted above: MSFT calls ($746K), GOOGL puts ($705K), META calls ($517K), MSFT puts ($398K), ORCL calls ($328K), AAPL puts ($205K).
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.7% | 2.14% | −0.46 |
| LYB Lyondellbasell Indu Class A | Reduce -96.6% | 0.01% | −0.42 |
| BDX Becton Dickinson and Co. | Reduce -87.7% | 0.03% | −0.34 |
| LMT Lockheed Martin Corp. | Reduce -84.8% | 0.04% | −0.27 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -3.4% | 1.44% | −0.22 |
| HPQ HP Inc. | Reduce -95.3% | 0.01% | −0.20 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -24.9% | 0.76% | −0.20 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -9.4% | 0.75% | −0.17 |
| GBIL Goldman Sachs Access Treasur | Reduce -33.8% | 0.24% | −0.17 |
| UNH Unitedhealth Group Inc. | Reduce -4.1% | 0.16% | −0.15 |
| IXC iShares Global Energy ETF | Reduce -1.9% | 0.71% | −0.15 |
| CHE Chemed Corp. | Reduce -27.8% | 0.15% | −0.14 |
| BTZ BlackRock Credit Allocation | Reduce -93.3% | 0.01% | −0.14 |
| APD Air Products & Chemicals Inc. | Reduce -87.1% | 0.02% | −0.14 |
| NTR Nutrien Ltd. | Reduce -56.0% | 0.12% | −0.14 |
| EBAY eBay Inc. | Reduce -51.7% | 0.12% | −0.13 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.4% | 0.87% | −0.12 |
| BABA Alibaba Group Holding-SP ADR | Reduce -12.5% | 0.23% | −0.10 |
| AMT American Tower Corp. | Reduce -26.0% | 0.20% | −0.09 |
| ZM Zoom Communications Inc. | Reduce -85.7% | 0.01% | −0.09 |
| DSL Doubleline Income Solutions | Sold out | 0.00% | −0.09 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -4.4% | 0.48% | −0.09 |
| CVX Chevron Corp. | Reduce -18.4% | 0.14% | −0.08 |
| DOCU Docusign Inc. | Reduce -0.6% | 0.43% | −0.08 |
| HIO Western Asset Hi Inc. Opport | Reduce -96.5% | 0.00% | −0.07 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -24.4% | 0.22% | −0.07 |
| EDD Morgan Stanley Emrg MRK Dom | Reduce -8.8% | 0.52% | −0.07 |
| LULU Lululemon Athletica Inc. | Reduce -1.4% | 0.20% | −0.07 |
| NE Noble Corp. PLC | Reduce -82.6% | 0.01% | −0.07 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -28.2% | 0.09% | −0.05 |
| ACWI iShares MSCI Acwi ETF | Sold out | 0.00% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -2.7% | 0.21% | −0.05 |
| VHT Vanguard Health Care ETF | Reduce -5.0% | 0.17% | −0.04 |
| TEI Templeton Emrg MKTS Inc. | Reduce -6.5% | 0.62% | −0.04 |
| GLD SPDR Gold Shares | Reduce -23.7% | 0.11% | −0.04 |
| VIOO Vanguard S&P Small-Cap 600 E | Reduce -27.9% | 0.08% | −0.04 |
| FXY Invesco Currencyshares Japan | Reduce -25.1% | 0.09% | −0.04 |
| TUA Sim St Treas Fut Strat ETF | Reduce -4.8% | 0.23% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -16.8% | 0.32% | −0.04 |
| WES Western Midstream Partners L | Reduce -0.2% | 0.21% | −0.04 |
| JWN Nordstrom Inc. | Sold out | 0.00% | −0.04 |
| AM Antero Midstream Corp. | Reduce -11.6% | 0.17% | −0.03 |
| BSM Black Stone Minerals LP | Reduce -1.1% | 0.10% | −0.03 |
| RWT Redwood Trust Inc. | Reduce -1.1% | 0.20% | −0.03 |
| INMD Inmode Ltd. | Reduce -2.1% | 0.08% | −0.03 |
| NEM Newmont Corp. | Reduce -27.4% | 0.11% | −0.03 |
| BEN Franklin Templeton Inc. | Sold out | 0.00% | −0.03 |
| AMGN Amgen Inc. | Reduce -11.1% | 0.07% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.7% | 0.06% | −0.03 |
| GOLD Gold.com Inc. | Reduce -0.8% | 0.09% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| VTEB Vanguard Tax-Exempt Bond ETF | New | 1.10% | +1.10 |
| LINE Lineage Inc. | New | 0.41% | +0.41 |
| NVDA Nvidia Corp. | Add +0.5% | 1.65% | +0.39 |
| DOW Dow Inc. | New | 0.29% | +0.29 |
| KW Kennedy-Wilson Holdings Inc. | Add +8688.3% | 0.27% | +0.27 |
| GD General Dynamics Corp. | Add +162.8% | 0.38% | +0.23 |
| IFLN Invesco Bloomberg Enhanced F | Add +188.1% | 0.35% | +0.22 |
| HOOD Robinhood Markets Inc. Class A | Add +117.2% | 0.25% | +0.20 |
| DELL Dell Technologies -C | Add +19.3% | 0.58% | +0.18 |
| VGT Vanguard Info Tech ETF | Add +49.8% | 0.45% | +0.17 |
| AVGO Broadcom Inc. | Add +3.2% | 0.48% | +0.17 |
| IEI iShares 3-7 Year Treasury Bo | Add +19.3% | 2.29% | +0.17 |
| IJR iShares Core S&P Small-Cap E | Add +50.5% | 0.56% | +0.16 |
| C Citigroup Inc. | Add +41.4% | 0.45% | +0.15 |
| IEFA iShares Core MSCI Eafe ETF | Add +34.9% | 0.58% | +0.14 |
| ACN Accenture PLC Class A | Add +235.8% | 0.22% | +0.14 |
| META Meta Platforms Inc. Class A | Add +7.7% | 0.73% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +10.6% | 1.21% | +0.14 |
| MRK Merck & Co. Inc. | Add +61.1% | 0.62% | +0.13 |
| SGOV iShares 0-3 Month Treasury B | Add +37.7% | 0.63% | +0.12 |
| HESM Hess Midstream LP Class A | Add +611.9% | 0.14% | +0.11 |
| NTAP Netapp Inc. | New | 0.11% | +0.11 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +20.7% | 0.95% | +0.10 |
| VOO Vanguard S&P 500 ETF | Add +16.8% | 0.60% | +0.08 |
| IEMG iShares Core MSCI Emerging | Add +62.8% | 0.22% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +4.1% | 1.39% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +3.5% | 0.80% | +0.07 |
| MU Micron Technology Inc. | Add +16.2% | 0.22% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +17.3% | 0.17% | +0.07 |
| NFLX Netflix Inc. | Add +2.2% | 0.27% | +0.07 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +300.0% | 0.09% | +0.06 |
| APP AppLovin Corp. Class A | Add +207.2% | 0.08% | +0.06 |
| INQQ Inqq the India Internet ETF | New | 0.06% | +0.06 |
| PYLD PIMCO Multisector Bond Actv | Add +56.8% | 0.19% | +0.06 |
| SCHV Schwab US Large-Cap Value | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | Add +8.6% | 0.33% | +0.05 |
| VCIT Vanguard Int-Term Corporate | Add +35.6% | 0.28% | +0.05 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | New | 0.05% | +0.05 |
| DFAE Dimensional Emerging Core Eq | Add +15.5% | 0.35% | +0.05 |
| SCHC Schwab Intl Small-Cap Equity | Add +48.3% | 0.13% | +0.05 |
| REGN Regeneron Pharmaceuticals | Add +109.6% | 0.13% | +0.05 |
| PRF Invesco Rafi US 1000 ETF | Add +295.0% | 0.06% | +0.05 |
| EOG EOG Resources Inc. | Add +65.0% | 0.16% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +46.2% | 0.13% | +0.04 |
| MINT PIMCO Enhanced Short Maturit | Add +27.9% | 0.32% | +0.04 |
| INFY Infosys Ltd.-SP ADR | Add +391.2% | 0.05% | +0.04 |
| PAVE Global X US Infrastructure | Add +2.1% | 0.66% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +9.2% | 0.48% | +0.04 |
| SCHM Schwab US Mid Cap ETF | New | 0.04% | +0.04 |
| MS Morgan Stanley | Add +116.0% | 0.05% | +0.03 |
Options Activity Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | call | New | 1,500 | $746K |
| GOOGL Alphabet Inc. Class A | put | New | 4,000 | $705K |
| META Meta Platforms Inc. Class A | call | New | 700 | $517K |
| MSFT Microsoft Corp. | put | Add +33.3% | 800 | $398K |
| ORCL Oracle Corp. | call | New | 1,500 | $328K |
| AAPL Apple Inc. | put | New | 1,000 | $205K |
| AVGO Broadcom Inc. | call | Sold out | 1,000 | $167Kbefore exit |
| AAPL Apple Inc. | call | Sold out | 500 | $111Kbefore exit |
| SPYM Ste STR SPDR PT S&P 500 ETF | put | Sold out | 1,000 | $66Kbefore exit |
| GDX Vaneck Gold Miners ETF | put | Sold out | 500 | $23Kbefore exit |
| NVDA Nvidia Corp. | call | Sold out | 200 | $22Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,522 | $5.7B | IEMG, GS, AAPL, COF, MSFT |
| Q1 2026 | 1,498 | $4.6B | IEMG, AAPL, PCAR, IEI, MSFT |
| Q4 2025 | 1,399 | $4.5B | MSFT, AAPL, IEMG, IEI, PCAR |
| Q3 2025 | 1,302 | $4.2B | GS, MSFT, AAPL, IEI, COF |
| Q2 2025 | 1,126 | $3.3B | MSFT, IEI, PCAR, AAPL, NVDA |
| Q1 2025 | 1,085 | $3.0B | MSFT, AAPL, PCAR, IEI, MTBA |
| Q4 2024 | 1,064 | $3.1B | MSFT, AAPL, PCAR, IEI, AMZN |
| Q3 2024 | 1,002 | $3.0B | MSFT, AAPL, PCAR, DIV, IEI |
| Q2 2024 | 948 | $2.8B | MSFT, AAPL, PCAR, IEI, SPTS |
| Q1 2024 | 872 | $2.6B | MSFT, PCAR, AAPL, NORW, SPTS |