F/m Investments LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), F/m Investments LLC reported 410 stock positions worth $2.6 billion. Its top holding was Nvidia (NVDA) at 4.7% of the portfolio, followed by Microsoft (MSFT, 4.4%) and Apple (AAPL, 4.2%). Compared with Q2 2025, it opened 32 new positions, sold out of 20, added to 97 and reduced 245. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale F/M 3-Year Inv GR Corp. B ETF (ZTRE, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- WASHINGTON, DC
- CIK
- 0001834499
- Portfolio Value
- $2.6B (Q3 2025)
- SEC Filing
- 0001834499-25-000017 ↗ filed Nov 13, 2025
Holdings Value
Holdings 410 stocks · $2.6B
| NVDA Nvidia Corp. | 4.66% | 647,979 | $120.9M | Reduce -3.9% |
| MSFT Microsoft Corp. | 4.44% | 222,438 | $115.2M | Add +0.3% |
| AAPL Apple Inc. | 4.22% | 429,917 | $109.5M | Add +3.9% |
| GOOGL Alphabet Inc. Class A | 3.76% | 400,839 | $97.4M | Reduce -0.9% |
| AVGO Broadcom Inc. | 3.51% | 275,820 | $91.0M | Reduce -11.4% |
| AMZN Amazon.com Inc. | 2.82% | 332,450 | $73.0M | Add +3.0% |
| META Meta Platforms Inc. Class A | 2.46% | 86,814 | $63.8M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 1.94% | 88,580 | $50.4M | Reduce -1.7% |
| V Visa Inc. Class A | 1.53% | 116,224 | $39.7M | Reduce -1.3% |
| TBIL F/M US Treasury 3 Month Bill | 1.50% | 777,571 | $38.9M | Reduce -23.9% |
| PANW Palo Alto Networks Inc. | 1.41% | 179,579 | $36.6M | Add +5.0% |
| JPM JPMorgan Chase & Co. | 1.34% | 109,979 | $34.7M | Reduce -2.5% |
| HD Home Depot Inc. | 1.30% | 82,938 | $33.6M | Reduce -1.3% |
| LLY Eli Lilly & Co. | 1.13% | 38,388 | $29.3M | Add +4.2% |
| NOW ServiceNow Inc. | 1.08% | 30,486 | $28.1M | Add +7.5% |
| ZTRE F/M 3-Year Inv GR Corp. B ETF | 1.06% | 536,293 | $27.5M | Reduce -82.0% |
| ZHOG F/M Opportunistic Inc. | 0.98% | 487,001 | $25.4M | Reduce -12.0% |
| VEA Vanguard Ftse Developed ETF | 0.83% | 359,642 | $21.5M | Reduce -2.2% |
| COST Costco Wholesale Corp. | 0.80% | 22,457 | $20.8M | Reduce -0.8% |
| INTU Intuit Inc. | 0.76% | 28,931 | $19.8M | Add +15.0% |
| ZTEN F/M 10-Year Inv G Corp. B ETF | 0.76% | 382,162 | $19.7M | Reduce -68.3% |
| ADSK Autodesk Inc. | 0.72% | 58,894 | $18.7M | Reduce -0.9% |
| VWO Vanguard Ftse Emerging Marke | 0.71% | 341,740 | $18.5M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 0.71% | 269,660 | $18.5M | Add +2.9% |
| JNJ Johnson & Johnson | 0.71% | 99,092 | $18.4M | Reduce -3.2% |
| ZTOP F/M High Yield 100 ETF | 0.68% | 335,944 | $17.6M | New |
| NOC Northrop Grumman Corp. | 0.67% | 28,565 | $17.4M | Reduce -0.6% |
| IDXX Idexx Laboratories Inc. | 0.67% | 27,215 | $17.4M | Reduce -0.3% |
| EFA iShares MSCI Eafe ETF | 0.62% | 172,466 | $16.1M | Add +0.1% |
| HON Honeywell International Inc. | 0.61% | 74,938 | $15.8M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.60% | 55,279 | $15.6M | Reduce -21.3% |
| RTX RTX Corp. | 0.59% | 92,107 | $15.4M | Reduce -3.0% |
| ABBV Abbvie Inc. | 0.59% | 65,774 | $15.2M | Reduce -1.3% |
| ORCL Oracle Corp. | 0.58% | 53,347 | $15.0M | Add +44.4% |
| ISRG Intuitive Surgical Inc. | 0.57% | 32,774 | $14.7M | Reduce -1.1% |
| ULTA Ulta Beauty Inc. | 0.55% | 26,077 | $14.3M | Reduce -0.7% |
| MS Morgan Stanley | 0.53% | 86,968 | $13.8M | Reduce -1.6% |
| TSLA Tesla Inc. | 0.51% | 29,510 | $13.1M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.50% | 97,731 | $13.1M | Reduce -0.8% |
| BX Blackstone Inc. | 0.50% | 76,353 | $13.0M | Add +46.2% |
| ADBE Adobe Inc. | 0.50% | 36,464 | $12.9M | Reduce -22.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.48% | 42,798 | $12.6M | Add +7.8% |
| AIT Applied Industrial Tech Inc. | 0.48% | 47,889 | $12.5M | Reduce -7.6% |
| NFLX Netflix Inc. | 0.48% | 10,300 | $12.3M | Reduce -1.6% |
| ZTWO F/M 2-Year Inv G Corp. B ETF | 0.47% | 240,060 | $12.2M | Reduce -90.6% |
| PG The Procter & Gamble Co. | 0.46% | 77,930 | $12.0M | Add +3.3% |
| ETN Eaton Corp. PLC | 0.46% | 31,913 | $11.9M | Reduce -13.0% |
| ORLY O'reilly Automotive Inc. | 0.46% | 109,643 | $11.8M | Reduce -0.0% |
| WM Waste Management Inc. | 0.45% | 53,336 | $11.8M | Reduce -4.0% |
| PNC PNC Financial Services Group | 0.45% | 58,087 | $11.7M | Reduce -1.6% |
| J Jacobs Solutions Inc. | 0.45% | 77,479 | $11.6M | Add +0.1% |
| CVX Chevron Corp. | 0.42% | 69,868 | $10.8M | Reduce -1.6% |
| WDAY Workday Inc. Class A | 0.42% | 45,000 | $10.8M | Reduce -6.2% |
| ETR Entergy Corp. | 0.41% | 112,665 | $10.5M | Reduce -1.3% |
| JEPI JPMorgan Equity Premium Inco | 0.40% | 183,345 | $10.5M | Reduce -8.3% |
| PLTR Palantir Technologies Inc. Class A | 0.40% | 57,040 | $10.4M | Reduce -0.9% |
| CAT Caterpillar Inc. | 0.40% | 21,720 | $10.4M | Reduce -0.8% |
| WMT Walmart Inc. | 0.40% | 100,053 | $10.3M | Reduce -3.9% |
| MAR Marriott International Class A | 0.39% | 38,887 | $10.1M | Reduce -2.7% |
| SYK Stryker Corp. | 0.38% | 26,868 | $9.9M | Reduce -1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.38% | 14,863 | $9.9M | Reduce -10.3% |
| HIG Hartford Insurance Group Inc. | 0.38% | 74,065 | $9.9M | Reduce -1.6% |
| SITM Sitime Corp. | 0.38% | 32,540 | $9.8M | Reduce -1.2% |
| MDT Medtronic PLC | 0.37% | 99,831 | $9.5M | Reduce -1.6% |
| PWR Quanta Services Inc. | 0.36% | 22,567 | $9.4M | Reduce -16.8% |
| URI United Rentals Inc. | 0.36% | 9,767 | $9.3M | Reduce -5.9% |
| LGND Ligand Pharmaceuticals | 0.35% | 51,476 | $9.1M | Reduce -2.0% |
| PPL PPL Corp. | 0.35% | 241,229 | $9.0M | Reduce -1.5% |
| HCA HCA Healthcare Inc. | 0.34% | 20,758 | $8.8M | Add +94.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.34% | 123,611 | $8.8M | Reduce -7.0% |
| IJR iShares Core S&P Small-Cap E | 0.33% | 72,199 | $8.6M | Reduce -8.7% |
| C Citigroup Inc. | 0.33% | 83,923 | $8.5M | Reduce -1.9% |
| KO The Coca-Cola Co. | 0.33% | 127,259 | $8.4M | Reduce -2.6% |
| MLI Mueller Industries Inc. | 0.32% | 81,357 | $8.2M | Reduce -0.8% |
| MOD Modine Manufacturing Co. | 0.32% | 57,563 | $8.2M | Reduce -0.7% |
| VZ Verizon Communications Inc. | 0.31% | 180,328 | $7.9M | Add +36.6% |
| JCI Johnson Controls Internation | 0.30% | 70,562 | $7.8M | Reduce -0.8% |
| RBIL US Treasury Ultra Short Tips | 0.30% | 153,733 | $7.7M | Reduce -22.3% |
| STRL Sterling Infrastructure Inc. | 0.30% | 22,651 | $7.7M | Reduce -1.8% |
| EGP Eastgroup Properties Inc. | 0.30% | 45,401 | $7.7M | Add +28.0% |
| LRCX Lam Research Corp. | 0.30% | 57,385 | $7.7M | Reduce -2.9% |
| FANG Diamondback Energy Inc. | 0.29% | 52,733 | $7.5M | Reduce -24.9% |
| ENSG The Ensign Group Inc. | 0.29% | 43,647 | $7.5M | Reduce -0.8% |
| XBIL F/M US Treasury 6 Month Bill | 0.29% | 148,194 | $7.4M | Add +77.3% |
| CMG Chipotle Mexican Grill Inc. | 0.28% | 187,583 | $7.4M | Reduce -33.9% |
| ESE Esco Technologies Inc. | 0.28% | 34,595 | $7.3M | Add +3.2% |
| TSN Tyson Foods Inc. Class A | 0.28% | 133,557 | $7.3M | Reduce -2.4% |
| AXP American Express Co. | 0.28% | 21,803 | $7.2M | Reduce -1.4% |
| NPO Enpro Inc. | 0.28% | 32,035 | $7.2M | Reduce -0.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.27% | 126,633 | $7.0M | Reduce -1.4% |
| MPC Marathon Petroleum Corp. | 0.26% | 34,958 | $6.7M | Reduce -1.4% |
| FSS Federal Signal Corp. | 0.26% | 56,509 | $6.7M | Reduce -12.6% |
| TMDX Transmedics Group Inc. | 0.25% | 56,912 | $6.4M | Add +6.7% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.25% | 16,006 | $6.4M | Reduce -1.4% |
| CRDO Credo Technology Group Holdi | 0.24% | 43,050 | $6.3M | Reduce -0.3% |
| SPOT Spotify Technology SA | 0.24% | 8,881 | $6.2M | Add +0.5% |
| ROST Ross Stores Inc. | 0.24% | 40,197 | $6.1M | Reduce -26.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.23% | 53,018 | $6.1M | Reduce -5.0% |
| BDC Belden Inc. | 0.23% | 50,138 | $6.0M | Reduce -0.7% |
| VCTR Victory Capital Holding - A | 0.23% | 93,086 | $6.0M | Reduce -0.8% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $872K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 401 | $496K | Reduce -3.8% |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 335,000 | $345K | New |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 29,000 | $31K | No change |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q2 2025 → Q3 2025
| ZTRE F/M 3-Year Inv GR Corp. B ETF | Reduce -82.0% | 1.06% | −4.48 |
| ZTWO F/M 2-Year Inv G Corp. B ETF | Reduce -90.6% | 0.47% | −4.23 |
| ZTEN F/M 10-Year Inv G Corp. B ETF | Reduce -68.3% | 0.76% | −1.46 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -23.9% | 1.50% | −0.35 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -66.7% | 0.15% | −0.33 |
| CMG Chipotle Mexican Grill Inc. | Reduce -33.9% | 0.28% | −0.29 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −0.22 |
| ADBE Adobe Inc. | Reduce -22.3% | 0.50% | −0.16 |
| MET Metlife Inc. | Reduce -51.2% | 0.18% | −0.15 |
| IBM Intl Business Machines Corp. | Reduce -21.3% | 0.60% | −0.15 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.14 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.14 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.14 |
| NSIT Insight Enterprises Inc. | Reduce -93.6% | 0.01% | −0.13 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.13 |
| MBB iShares MBS ETF | Reduce -83.1% | 0.03% | −0.12 |
| UTWO F/M US Treasury 2 Year Note | Reduce -92.1% | 0.01% | −0.12 |
| VOO Vanguard S&P 500 ETF | Reduce -63.9% | 0.08% | −0.11 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.09 |
| ISRG Intuitive Surgical Inc. | Reduce -1.1% | 0.57% | −0.09 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.08 |
| PSX Phillips 66 | Sold out | 0.00% | −0.08 |
| ETNB 89BIO Inc. | Sold out | 0.00% | −0.08 |
| SHW The Sherwin-Williams Co. | Reduce -78.3% | 0.02% | −0.08 |
| KEX Kirby Corp. | Reduce -24.8% | 0.10% | −0.07 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.07 |
| BRBR Bellring Brands Inc. | Reduce -12.1% | 0.09% | −0.06 |
| RBIL US Treasury Ultra Short Tips | Reduce -22.3% | 0.30% | −0.06 |
| VBTX Veritex Holdings Inc. | Reduce -54.9% | 0.10% | −0.06 |
| ZHOG F/M Opportunistic Inc. | Reduce -12.0% | 0.98% | −0.06 |
| FANG Diamondback Energy Inc. | Reduce -24.9% | 0.29% | −0.06 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.4% | 0.27% | −0.05 |
| PLMR Palomar Holdings Inc. | Reduce -0.8% | 0.19% | −0.05 |
| HAE Haemonetics Corp. | Reduce -0.7% | 0.10% | −0.04 |
| MMM 3M Co. | Reduce -61.8% | 0.02% | −0.03 |
| HON Honeywell International Inc. | Reduce -1.4% | 0.61% | −0.03 |
| PRGS Progress Software Corp. | Reduce -0.5% | 0.09% | −0.03 |
| MZTI The Marzetti Company | Reduce -29.2% | 0.10% | −0.03 |
| NFLX Netflix Inc. | Reduce -1.6% | 0.48% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -51.4% | 0.04% | −0.03 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -16.5% | 0.18% | −0.03 |
| BBIO Bridgebio Pharma Inc. | Reduce -39.2% | 0.10% | −0.03 |
| IPAR Interparfums Inc. | Reduce -0.7% | 0.11% | −0.03 |
| PBH Prestige Consumer Healthcare | Reduce -0.5% | 0.13% | −0.03 |
| MMSI Merit Medical Systems Inc. | Reduce -5.2% | 0.22% | −0.03 |
| INSM Insmed Inc. | Reduce -53.0% | 0.06% | −0.02 |
| INTA Intapp Inc. | Reduce -0.8% | 0.11% | −0.02 |
| UFIV F/M US Treasury 5 Year Note | Reduce -29.5% | 0.06% | −0.02 |
| DT Dynatrace Inc. | Reduce -2.3% | 0.20% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +3.9% | 4.22% | +1.14 |
| ZTOP F/M High Yield 100 ETF | New | 0.68% | +0.68 |
| MSFT Microsoft Corp. | Add +0.3% | 4.44% | +0.44 |
| ORCL Oracle Corp. | Add +44.4% | 0.58% | +0.29 |
| AMZN Amazon.com Inc. | Add +3.0% | 2.82% | +0.24 |
| BX Blackstone Inc. | Add +46.2% | 0.50% | +0.22 |
| HCA HCA Healthcare Inc. | Add +94.8% | 0.34% | +0.19 |
| FBND Fidelity Total Bond ETF | New | 0.18% | +0.18 |
| PKG Packaging Corp. of America | Add +916.9% | 0.17% | +0.16 |
| PANW Palo Alto Networks Inc. | Add +5.0% | 1.41% | +0.14 |
| XBIL F/M US Treasury 6 Month Bill | Add +77.3% | 0.29% | +0.13 |
| DRI Darden Restaurants Inc. | Add +169.4% | 0.22% | +0.13 |
| NKTR Nektar Therapeutics | New | 0.12% | +0.12 |
| VTWO Vanguard Russell 2000 ETF | New | 0.11% | +0.11 |
| IDCC Interdigital Inc. | Add +28.5% | 0.20% | +0.11 |
| KRRO Korro Bio Inc. | New | 0.10% | +0.10 |
| VZ Verizon Communications Inc. | Add +36.6% | 0.31% | +0.10 |
| COGT Cogent Biosciences Inc. | Add +83.5% | 0.12% | +0.09 |
| LEVI Levi Strauss & Co. Class A | New | 0.09% | +0.09 |
| VLO Valero Energy Corp. | New | 0.09% | +0.09 |
| LLY Eli Lilly & Co. | Add +4.2% | 1.13% | +0.09 |
| AZZ Azz Inc. | New | 0.09% | +0.09 |
| CASY Casey's General Stores Inc. | New | 0.09% | +0.09 |
| TOWN Towne Bank | New | 0.08% | +0.08 |
| MTRN Materion Corp. | Add +22.0% | 0.17% | +0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +7.8% | 0.48% | +0.08 |
| EGP Eastgroup Properties Inc. | Add +28.0% | 0.30% | +0.08 |
| TVTX Travere Therapeutics Inc. | Add +4.4% | 0.18% | +0.08 |
| ACLS Axcelis Technologies Inc. | New | 0.08% | +0.08 |
| J Jacobs Solutions Inc. | Add +0.1% | 0.45% | +0.08 |
| BSJU Invesco Bulletshares 2030 HY | New | 0.08% | +0.08 |
| GRBK Green Brick Partners Inc. | New | 0.07% | +0.07 |
| SPHY SS SPDR P High Yield ETF | New | 0.07% | +0.07 |
| IONQ Ionq Inc. | New | 0.06% | +0.06 |
| AAOI Applied Optoelectronics Inc. | New | 0.06% | +0.06 |
| AXSM Axsome Therapeutics Inc. | Add +22.6% | 0.18% | +0.06 |
| EFA iShares MSCI Eafe ETF | Add +0.1% | 0.62% | +0.06 |
| UTHR United Therapeutics Corp. | Add +112.2% | 0.09% | +0.06 |
| PJT PJT Partners Inc. Class A | Add +19.3% | 0.22% | +0.06 |
| EPAC Enerpac Tool Group Corp. | Add +56.7% | 0.14% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +31.0% | 0.16% | +0.06 |
| CBOE Cboe Global Markets Inc. | Add +39.6% | 0.15% | +0.05 |
| EFSC Enterprise Financial Service | Add +20.9% | 0.20% | +0.05 |
| CSCO Cisco Systems Inc. | Add +2.9% | 0.71% | +0.05 |
| ESE Esco Technologies Inc. | Add +3.2% | 0.28% | +0.05 |
| KWR Quaker Chemical Corporation | Add +52.2% | 0.10% | +0.05 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +4.4% | 0.11% | +0.05 |
| INTU Intuit Inc. | Add +15.0% | 0.76% | +0.04 |
| GH Guardant Health Inc. | Add +20.7% | 0.11% | +0.04 |
| ICUI Icu Medical Inc. | Add +34.5% | 0.16% | +0.04 |
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -3.8% | 401 | $496K |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | New | 335,000 | $345K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 351 | $2.0B | AGG, DFCF, TBLL, GOOGL, AVGO |
| Q1 2026 | 332 | $1.5B | DFCF, GOOGL, AVGO, AAPL, VEU |
| Q4 2025 | 427 | $2.6B | AAPL, GOOGL, NVDA, MSFT, AVGO |
| Q3 2025 | 410 | $2.6B | NVDA, MSFT, AAPL, GOOGL, AVGO |
| Q2 2025 | 398 | $2.8B | ZTRE, ZTWO, MSFT, NVDA, AVGO |
| Q1 2025 | 389 | $2.5B | ZTRE, ZTWO, AAPL, MSFT, NVDA |
| Q4 2024 | 397 | $2.7B | ZTWO, ZTRE, AAPL, MSFT, NVDA |
| Q3 2024 | 332 | $3.2B | ADBE, MSFT, AAPL, NVDA, GOOGL |
| Q2 2024 | 315 | $2.8B | MSFT, AAPL, NVDA, GOOGL, AMZN |
| Q1 2024 | 79 | $147.2M | AAPL, ZTEN, MSFT, ZTRE, AMZN |