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

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $147.2M Q1 2024 Q2 2024: $2.8B Q2 2024 Q3 2024: $3.2B Q3 2024 Q4 2024: $2.7B Q4 2024 Q1 2025: $2.5B Q1 2025 Q2 2025: $2.8B Q2 2025 Q3 2025: $2.6B $2.6B Q3 2025 Q4 2025: $2.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $2.0B Q2 2026

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%
WTFC Wintrust Financial Corp. 0.22% 43,844 $5.8M Reduce -0.6%
DKS Dick's Sporting Goods Inc. 0.22% 26,008 $5.8M Reduce -1.2%
ENVA Enova International Inc. 0.22% 49,975 $5.8M Add +2.1%
MMSI Merit Medical Systems Inc. 0.22% 68,713 $5.7M Reduce -5.2%
DRI Darden Restaurants Inc. 0.22% 29,970 $5.7M Add +169.4%
PJT PJT Partners Inc. Class A 0.22% 32,043 $5.7M Add +19.3%
XOM Exxon Mobil Corp. 0.22% 49,912 $5.6M Reduce -0.9%
HURN Huron Consulting Group Inc. 0.21% 37,874 $5.6M Reduce -0.7%
IDA Idacorp Inc. 0.21% 41,210 $5.4M Reduce -0.5%
ECL Ecolab Inc. 0.21% 19,781 $5.4M Reduce -0.7%
BANR Banner Corporation 0.21% 82,514 $5.4M Reduce -1.2%
SBCF Seacoast Banking Corp. 0.20% 174,484 $5.3M Reduce -0.6%
IDCC Interdigital Inc. 0.20% 15,257 $5.3M Add +28.5%
ITGR Integer Holdings Corp. 0.20% 50,730 $5.2M Add +0.2%
CWST Casella Waste Systems Inc. Class A 0.20% 55,146 $5.2M Add +24.8%
ADP Automatic Data Processing 0.20% 17,813 $5.2M Reduce -1.5%
EFSC Enterprise Financial Service 0.20% 88,973 $5.2M Add +20.9%
DT Dynatrace Inc. 0.20% 106,021 $5.1M Reduce -2.3%
ANIP Ani Pharmaceuticals Inc. 0.20% 56,050 $5.1M Reduce -2.0%
FN Fabrinet 0.20% 13,972 $5.1M Reduce -1.4%
BLK BlackRock Inc. 0.19% 4,333 $5.1M Reduce -1.1%
MGY Magnolia Oil & Gas Corp. Class A 0.19% 211,104 $5.0M Reduce -1.8%
UNP Union Pacific Corp. 0.19% 21,250 $5.0M Reduce -0.5%
MTSI Macom Technology Solutions H 0.19% 40,245 $5.0M Add +0.0%
OSW Onespaworld Holdings Ltd. 0.19% 236,636 $5.0M Reduce -1.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 34,383 $5.0M Reduce -1.4%
TXN Texas Instruments Inc. 0.19% 26,930 $4.9M Reduce -1.2%
PLMR Palomar Holdings Inc. 0.19% 42,136 $4.9M Reduce -0.8%
GOOG Alphabet Inc. Class C 0.19% 20,187 $4.9M Reduce -5.9%
AMGN Amgen Inc. 0.19% 17,293 $4.9M Reduce -1.3%
PATK Patrick Industries Inc. 0.19% 46,976 $4.9M Reduce -1.0%
AXSM Axsome Therapeutics Inc. 0.18% 39,495 $4.8M Add +22.6%
SIMO Silicon Motion Technol-ADR 0.18% 50,314 $4.8M Reduce -0.8%
OLLI Ollie's Bargain Outlet Holdi 0.18% 37,021 $4.8M Reduce -16.5%
KNF Knife River Corp. 0.18% 61,772 $4.7M Add +17.9%
LMT Lockheed Martin Corp. 0.18% 9,505 $4.7M Reduce -1.8%
MTDR Matador Resources Co. 0.18% 105,128 $4.7M Reduce -1.1%
TVTX Travere Therapeutics Inc. 0.18% 196,074 $4.7M Add +4.4%
CASH Pathward Financial Inc. 0.18% 63,096 $4.7M Reduce -0.5%
VMC Vulcan Materials Co. 0.18% 15,155 $4.7M Reduce -1.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 89,726 $4.6M Reduce -3.4%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.18% 118,596 $4.5M Reduce -0.5%
FBND Fidelity Total Bond ETF 0.18% 98,292 $4.5M New
MET Metlife Inc. 0.18% 55,132 $4.5M Reduce -51.2%
BOOT Boot Barn Holdings Inc. 0.18% 27,395 $4.5M Reduce -0.9%
WSBC Wesbanco Inc. 0.17% 141,366 $4.5M Reduce -1.0%
IBP Installed Building Products 0.17% 18,093 $4.5M Reduce -0.8%
MTRN Materion Corp. 0.17% 36,301 $4.4M Add +22.0%
PKG Packaging Corp. of America 0.17% 20,074 $4.4M Add +916.9%
VIOO Vanguard S&P Small-Cap 600 E 0.17% 39,403 $4.4M No change
IAU iShares Gold Trust 0.17% 59,632 $4.3M Add +0.3%
AGG iShares Core U.S. Aggregate 0.17% 43,255 $4.3M Reduce -0.1%
EPD Enterprise Products Partners 0.16% 134,731 $4.2M Add +0.5%
ICUI Icu Medical Inc. 0.16% 34,911 $4.2M Add +34.5%
SAIA Saia Inc. 0.16% 13,974 $4.2M Reduce -1.2%
CRM Salesforce Inc. 0.16% 17,496 $4.1M Reduce -2.2%
TOL Toll Brothers Inc. 0.16% 30,017 $4.1M Reduce -1.6%
LIVN Livanova PLC 0.16% 77,915 $4.1M Add +4.4%
FSLR First Solar Inc. 0.16% 18,437 $4.1M Reduce -22.8%
UNH Unitedhealth Group Inc. 0.16% 11,764 $4.1M Add +31.0%
ACIW Aci Worldwide Inc. 0.16% 76,538 $4.0M Reduce -1.3%
LMB Limbach Holdings Inc. 0.15% 41,279 $4.0M Add +12.1%
VRTX Vertex Pharmaceuticals Inc. 0.15% 9,764 $3.8M Reduce -66.7%
NUE Nucor Corp. 0.15% 28,228 $3.8M Add +0.1%
CBOE Cboe Global Markets Inc. 0.15% 15,584 $3.8M Add +39.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.15% 110,336 $3.8M Reduce -2.3%
SLNO Soleno Therapeutics Inc. 0.15% 55,730 $3.8M Add +40.9%
BFC Bank First Corp. 0.15% 31,000 $3.8M No change
ALAB Astera Labs Inc. 0.14% 18,962 $3.7M Reduce -18.4%
KRG Kite Realty Group Trust 0.14% 165,899 $3.7M Add +0.6%
WFC Wells Fargo & Co. 0.14% 44,102 $3.7M Reduce -2.5%
REGN Regeneron Pharmaceuticals 0.14% 6,543 $3.7M Reduce -2.2%
EPAC Enerpac Tool Group Corp. 0.14% 87,625 $3.6M Add +56.7%
VNT Vontier Corp. 0.14% 85,292 $3.6M Reduce -0.5%
EVR Evercore Inc. Class A 0.14% 10,491 $3.5M Reduce -1.2%
EVTC Evertec Inc. 0.13% 101,069 $3.4M Reduce -0.7%
FCX Freeport-McMoran Inc. 0.13% 86,484 $3.4M Reduce -8.7%
LMAT Lemaitre Vascular Inc. 0.13% 37,971 $3.3M Reduce -19.5%
PBH Prestige Consumer Healthcare 0.13% 53,107 $3.3M Reduce -0.5%
IEFA iShares Core MSCI Eafe ETF 0.13% 37,652 $3.3M Reduce -3.6%
NEE Nextera Energy Inc. 0.12% 42,743 $3.2M Reduce -0.4%
COGT Cogent Biosciences Inc. 0.12% 220,168 $3.2M Add +83.5%
CYBR Cyberark Software Ltd./Israel 0.12% 6,454 $3.1M Add +1.2%
AVNT Avient Corp. 0.12% 92,327 $3.0M Reduce -0.8%
NKTR Nektar Therapeutics 0.12% 53,088 $3.0M New
HMN Horace Mann Educators 0.12% 66,657 $3.0M Reduce -0.5%
KAI Kadant Inc. 0.11% 9,986 $3.0M Reduce -0.5%
GH Guardant Health Inc. 0.11% 47,204 $2.9M Add +20.7%
AMD Advanced Micro Devices 0.11% 18,094 $2.9M Reduce -5.1%
LPLA LPL Financial Holdings Inc. 0.11% 8,767 $2.9M Reduce -3.1%
FAST Fastenal Co. 0.11% 59,144 $2.9M Reduce -5.0%
MDGL Madrigal Pharmaceuticals Inc. 0.11% 6,322 $2.9M Add +4.4%
INTA Intapp Inc. 0.11% 70,167 $2.9M Reduce -0.8%
PFE Pfizer Inc. 0.11% 112,536 $2.9M Reduce -3.4%
SYY Sysco Corp. 0.11% 34,749 $2.9M Reduce -0.1%
MRK Merck & Co. Inc. 0.11% 33,990 $2.9M Add +24.8%
VTWO Vanguard Russell 2000 ETF 0.11% 28,825 $2.8M New
RDNT Radnet Inc. 0.11% 36,841 $2.8M Reduce -37.1%
IPAR Interparfums Inc. 0.11% 27,991 $2.8M Reduce -0.7%
ALLY Ally Financial Inc. 0.10% 69,421 $2.7M Reduce -2.5%
MCD McDonald's Corp. 0.10% 8,888 $2.7M Reduce -4.7%
KRRO Korro Bio Inc. 0.10% 55,245 $2.6M New
KEX Kirby Corp. 0.10% 31,648 $2.6M Reduce -24.8%
LIN Linde PLC 0.10% 5,543 $2.6M Add +37.4%
MAA Mid-America Apartment Comm 0.10% 18,764 $2.6M Reduce -2.5%
MZTI The Marzetti Company 0.10% 15,066 $2.6M Reduce -29.2%
QCOM Qualcomm Inc. 0.10% 15,596 $2.6M Reduce -1.0%
VBTX Veritex Holdings Inc. 0.10% 77,156 $2.6M Reduce -54.9%
VVV Valvoline Inc. 0.10% 71,574 $2.6M Reduce -0.5%
BBIO Bridgebio Pharma Inc. 0.10% 49,298 $2.6M Reduce -39.2%
EOG EOG Resources Inc. 0.10% 22,804 $2.6M Reduce -2.1%
KWR Quaker Chemical Corporation 0.10% 19,160 $2.5M Add +52.2%
HAE Haemonetics Corp. 0.10% 51,500 $2.5M Reduce -0.7%
CORT Corcept Therapeutics Inc. 0.10% 29,687 $2.5M Add +35.1%
CMCSA Comcast Corp. Class A 0.09% 78,321 $2.5M Reduce -2.2%
KALV Kalvista Pharmaceuticals Inc. 0.09% 199,204 $2.4M Add +9.3%
BRBR Bellring Brands Inc. 0.09% 65,463 $2.4M Reduce -12.1%
PRGS Progress Software Corp. 0.09% 54,139 $2.4M Reduce -0.5%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.09% 23,106 $2.4M Reduce -2.1%
SNA Snap-on Inc. 0.09% 6,790 $2.4M Reduce -2.5%
LEVI Levi Strauss & Co. Class A 0.09% 99,980 $2.3M New
WVE Wave Life Sciences Ltd. 0.09% 318,087 $2.3M Add +30.5%
IP International Paper Co. 0.09% 50,114 $2.3M Reduce -2.3%
UTHR United Therapeutics Corp. 0.09% 5,474 $2.3M Add +112.2%
TMUS T-Mobile US Inc. 0.09% 9,437 $2.3M Add +40.1%
VLO Valero Energy Corp. 0.09% 13,226 $2.3M New
AZZ Azz Inc. 0.09% 20,497 $2.2M New
CASY Casey's General Stores Inc. 0.09% 3,950 $2.2M New
TOWN Towne Bank 0.08% 63,552 $2.2M New
MIRM Mirum Pharmaceuticals Inc. 0.08% 29,806 $2.2M Add +4.4%
CLX Clorox Company 0.08% 17,609 $2.2M Reduce -1.9%
QQQ Invesco QQQ Trust Series 1 0.08% 3,580 $2.1M Add +13.9%
FE Firstenergy Corp. 0.08% 45,720 $2.1M Reduce -2.5%
STAG Stag Industrial Inc. 0.08% 59,326 $2.1M Reduce -0.5%
UFPI Ufp Industries Inc. 0.08% 22,352 $2.1M Reduce -0.5%
EEM iShares MSCI Emerging Market 0.08% 39,000 $2.1M No change
ADT Adt Inc. 0.08% 239,027 $2.1M Add +0.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.08% 20,181 $2.1M Reduce -2.0%
ASTH Astrana Health Inc. 0.08% 72,677 $2.1M Reduce -0.7%
ACLS Axcelis Technologies Inc. 0.08% 21,068 $2.1M New
CCI Crown Castle Inc. 0.08% 21,319 $2.1M Reduce -1.1%
VOO Vanguard S&P 500 ETF 0.08% 3,355 $2.1M Reduce -63.9%
OSPN Onespan Inc. 0.08% 127,894 $2.0M Reduce -1.2%
PTEN Patterson-Uti Energy Inc. 0.08% 387,641 $2.0M Reduce -0.5%
GSK GSK PLC-Spon ADR 0.08% 46,486 $2.0M Reduce -2.7%
BSJU Invesco Bulletshares 2030 HY 0.08% 76,229 $2.0M New
IEMG iShares Core MSCI Emerging 0.08% 29,594 $2.0M Reduce -3.3%
SPSM SS SPDR P S&P 600 Small Cap 0.07% 41,610 $1.9M Reduce -4.7%
COLL Collegium Pharmaceutical Inc. 0.07% 54,040 $1.9M Reduce -31.4%
IVV iShares Core S&P 500 ETF 0.07% 2,821 $1.9M Reduce -22.6%
TGT Target Corp. 0.07% 20,859 $1.9M Reduce -2.5%
RARE Ultragenyx Pharmaceutical Inc. 0.07% 61,753 $1.9M Add +4.5%
MFC Manulife Financial Corp. 0.07% 59,444 $1.9M Reduce -2.1%
ATEC Alphatec Holdings Inc. 0.07% 126,691 $1.8M Reduce -27.2%
EVRG Evergy Inc. 0.07% 24,176 $1.8M Reduce -2.2%
GRBK Green Brick Partners Inc. 0.07% 24,873 $1.8M New
MO Altria Group Inc. 0.07% 27,442 $1.8M Reduce -2.1%
FDX FedEx Corp. 0.07% 7,608 $1.8M Reduce -1.9%
BSX Boston Scientific Corp. 0.07% 18,303 $1.8M Reduce -5.8%
SPHY SS SPDR P High Yield ETF 0.07% 74,249 $1.8M New
KLAC KLA Corp. 0.06% 1,551 $1.7M Reduce -1.7%
IONQ Ionq Inc. 0.06% 27,165 $1.7M New
AAOI Applied Optoelectronics Inc. 0.06% 64,193 $1.7M New
CVS CVS Health Corp. 0.06% 21,966 $1.7M Reduce -29.4%
UFIV F/M US Treasury 5 Year Note 0.06% 32,830 $1.6M Reduce -29.5%
PEP Pepsico Inc. 0.06% 11,433 $1.6M Add +0.0%
TDTT NT Iboxx 3Y Dur Tips ETF 0.06% 65,587 $1.6M Add +44.0%
INSM Insmed Inc. 0.06% 11,067 $1.6M Reduce -53.0%
SBUX Starbucks Corp. 0.06% 18,696 $1.6M Reduce -1.2%
SPSC SPS Commerce Inc. 0.06% 15,123 $1.6M Reduce -0.9%
SVRA Savara Inc. 0.06% 433,713 $1.5M Add +37.8%
VNQ Vanguard Real Estate ETF 0.06% 16,759 $1.5M No change
NRG NRG Energy Inc. 0.06% 9,445 $1.5M Reduce -5.3%
XLK SS Technology Select Sector 0.06% 5,377 $1.5M Add +2.3%
CME Cme Group Inc. 0.06% 5,565 $1.5M Add +0.7%
TM Toyota Motor Corp. -Spon ADR 0.06% 7,789 $1.5M Reduce -2.0%
LAMR Lamar Advertising Co. Class A 0.06% 12,153 $1.5M Reduce -2.1%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 2,876 $1.4M Reduce -30.1%
AKRO Akero Therapeutics Inc. 0.05% 29,675 $1.4M Add +65.0%
KMB Kimberly-Clark Corp. 0.05% 11,090 $1.4M Reduce -0.5%
ET Energy Transfer LP 0.05% 77,933 $1.3M No change
OKE Oneok Inc. 0.05% 18,168 $1.3M No change
IGIB iShares 5-10Y Inv Grade Corp. 0.05% 24,061 $1.3M Add +6.0%
NOBL Proshares S&P 500 Dividend A 0.05% 12,200 $1.3M Add +12.0%
IGSB iShares 1-5Y Inv Grade Corp. 0.05% 23,064 $1.2M Reduce -18.4%
WHR Whirlpool Corp. 0.05% 15,371 $1.2M Reduce -2.6%
IBND SS SPDR BB Intl Corp. BD ETF 0.04% 35,676 $1.2M No change
NLY Annaly Capital Management Inc. 0.04% 55,715 $1.1M Reduce -2.1%
PLYM Plymouth Industrial REIT Inc. 0.04% 50,379 $1.1M Reduce -46.9%
IWD iShares Russell 1000 Value E 0.04% 5,343 $1.1M Add +8.4%
ACAD Acadia Pharmaceuticals Inc. 0.04% 50,582 $1.1M Add +4.4%
GS Goldman Sachs Group Inc. 0.04% 1,329 $1.1M Reduce -51.4%
BIV Vanguard Intermediate-Term B 0.04% 13,331 $1.0M Add +6.4%
PH Parker Hannifin Corp. 0.04% 1,372 $1.0M Reduce -1.3%
VXF Vanguard Extended Market ETF 0.04% 4,891 $1.0M Add +0.3%
REXR Rexford Industrial Realty Inc. 0.04% 23,660 $973K Reduce -2.1%
OFIX Orthofix Medical Inc. 0.04% 66,322 $971K Add +76.3%
SYRE Spyre Therapeutics Inc. 0.04% 54,893 $920K Add +4.5%
IEI iShares 3-7 Year Treasury Bo 0.04% 7,610 $910K No change
VGSH Vanguard Short-Term Treasury 0.03% 15,292 $900K Reduce -0.9%
NKE Nike Inc. Class B 0.03% 12,894 $899K Reduce -4.2%
CBLL Ceribell Inc. 0.03% 77,525 $891K Add +281.0%
EMR Emerson Electric Co. 0.03% 6,738 $884K Reduce -5.6%
DE Deere & Co. 0.03% 1,929 $882K No change
DLR Digital Realty Trust Inc. 0.03% 5,100 $882K Reduce -0.0%
TRGP Targa Resources Corp. 0.03% 5,173 $867K No change
GMED Globus Medical Inc. Class A 0.03% 14,848 $850K Add +4.2%
BSJR Invesco Bulletshares 2027 HY 0.03% 37,312 $848K New
ENR Energizer Holdings Inc. 0.03% 32,117 $799K Reduce -0.5%
TILT NT Mstar US Ftilt ETF 0.03% 3,067 $743K Reduce -22.3%
QDF NT Qual Div ETF 0.03% 9,337 $739K Reduce -22.7%
SPMD SS SPDR P S&P 400 Midcap ETF 0.03% 12,812 $733K Reduce -2.5%
KR Kroger Co. 0.03% 10,800 $728K Reduce -6.9%
IWO iShares Russell 2000 Growth 0.03% 2,254 $721K No change
VCSH Vanguard S/T Corp. Bond ETF 0.03% 8,671 $693K No change
MBB iShares MBS ETF 0.03% 7,173 $682K Reduce -83.1%
USXF iShares ESG Advance MSCI USA 0.03% 11,461 $657K Reduce -36.9%
EPC Edgewell Personal Care Co. 0.03% 31,895 $649K Reduce -0.6%
RAVI NT Ultrashrt Fi ETF 0.03% 8,566 $648K Add +184.9%
FIX Comfort Systems USA Inc. 0.03% 784 $647K Add +0.6%
SHY iShares 1-3 Year Treasury Bo 0.02% 7,730 $641K Add +1.6%
MMM 3M Co. 0.02% 4,075 $632K Reduce -61.8%
TFC Truist Financial Corp. 0.02% 13,720 $627K Reduce -2.0%
GSG iShares S&P Gsci Commodity I 0.02% 26,166 $601K No change
SHW The Sherwin-Williams Co. 0.02% 1,715 $594K Reduce -78.3%
PAA Plains All Amer Pipeline LP 0.02% 34,686 $592K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.02% 1,862 $547K No change
HLNE Hamilton Lane Inc. Class A 0.02% 3,953 $533K Add +7.3%
PM Philip Morris International 0.02% 3,203 $520K No change
AB Alliancebernstein Holding LP 0.02% 13,465 $515K No change
TKO Tko Group Holdings Inc. 0.02% 2,501 $505K Reduce -14.1%
BOX Box Inc. Class A 0.02% 15,563 $502K Reduce -2.5%
APG Api Group Corp. 0.02% 14,242 $489K Reduce -2.8%
MLM Martin Marietta Materials 0.02% 759 $478K No change
WBS Webster Financial Corp. 0.02% 8,035 $478K Reduce -2.5%
HIMS Hims & Hers Health Inc. 0.02% 8,403 $477K Reduce -0.1%
BKNG Booking Holdings Inc. 0.02% 85 $459K No change
SSB Southstate Bank Corp. 0.02% 4,596 $454K Reduce -2.8%
BSCU Invesco Bulletshares 2030 CB 0.02% 26,533 $448K New
P Everpure Inc. Class A filed as PURE STORAGE INC 0.02% 5,292 $444K Add +15.8%
XLV SS Health Care Select Sector 0.02% 3,185 $443K Add +29.1%
IWF iShares Russell 1000 Growth 0.02% 939 $440K No change
GE General Electric filed as GE AEROSPACE 0.02% 1,458 $439K Reduce -7.4%
QQQM Invesco Nasdaq 100 ETF 0.02% 1,740 $430K Add +10.5%
ESAB Esab Corp. 0.02% 3,701 $414K Add +15.4%
AXS Axis Capital Holdings Ltd. 0.02% 4,273 $409K Reduce -2.8%
WES Western Midstream Partners L 0.02% 10,340 $406K No change
WEC WEC Energy Group Inc. 0.02% 3,461 $397K No change
CL Colgate-Palmolive Co. 0.01% 4,835 $387K Reduce -4.5%
CTAS Cintas Corp. 0.01% 1,882 $386K Add +2.3%
GLD SPDR Gold Shares 0.01% 1,083 $385K No change
AFG American Financial Group Inc. 0.01% 2,626 $383K No change
UTEN F/M US Treasury 10 Year Note 0.01% 8,612 $381K Add +17.7%
BLD Topbuild Corp. 0.01% 965 $377K Reduce -2.7%
POST Post Holdings Inc. filed as POST HLDGS INC 0.01% 3,481 $374K Reduce -2.4%
IJH iShares Core S&P Midcap ETF 0.01% 5,725 $374K Reduce -18.5%
PGNY Progyny Inc. 0.01% 16,930 $364K Reduce -2.5%
COF Capital One Financial Corp. 0.01% 1,659 $353K No change
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.01% 3,023 $353K Reduce -2.5%
TXRH Texas Roadhouse Inc. 0.01% 2,122 $353K Reduce -2.4%
ANET Arista Networks Inc. 0.01% 2,323 $338K Add +13.5%
BHVN Biohaven Ltd. 0.01% 22,476 $337K Add +3.0%
SN Sharkninja Inc. 0.01% 3,233 $333K Add +28.3%
IEF iShares 7-10 Year Treasury B 0.01% 3,332 $321K No change
DUK Duke Energy Corp. 0.01% 2,579 $319K Reduce -1.9%
AZO AutoZone Inc. 0.01% 74 $317K Add +2.8%
USVN F/M US Treasury 7 Year Note 0.01% 6,389 $311K Add +10.8%
UTRE F/M US Treasury 3 Year Note 0.01% 6,209 $309K Add +19.6%
IGF iShares Global Infrastructur 0.01% 5,036 $308K New
UNM Unum Group 0.01% 3,930 $306K Reduce -2.8%
USHY iShares Broad Usd High Yield 0.01% 8,078 $305K No change
XLY SS Consumer Disc Select Sect 0.01% 1,255 $301K Add +22.9%
ATI Ati Inc. 0.01% 3,647 $297K New
WING Wingstop Inc. 0.01% 1,178 $296K Reduce -2.5%
SPTM SS SPDR P S&P 1500 Comp ETF 0.01% 3,582 $289K Reduce -29.1%
XLI SS Industrial Select Sector 0.01% 1,857 $286K Add +23.4%
UTWO F/M US Treasury 2 Year Note 0.01% 5,674 $276K Reduce -92.1%
SNPS Synopsys Inc. 0.01% 538 $265K New
DINO HF Sinclair Corp. 0.01% 5,054 $265K Reduce -13.7%
NVS Novartis AG-Sponsored ADR 0.01% 2,050 $263K No change
GUNR NT Mstar GLBL NR ETF 0.01% 5,879 $257K Reduce -13.9%
ALL Allstate Corp. 0.01% 1,185 $254K No change
WFRD Weatherford International PL 0.01% 3,710 $254K New
MANH Manhattan Associates Inc. 0.01% 1,234 $253K Reduce -2.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.01% 2,900 $253K No change
NVCR Novocure Ltd. 0.01% 19,173 $248K Reduce -44.5%
CRL Charles River Laboratories 0.01% 1,570 $246K Reduce -2.8%
XLP SS Consumer Staples Sel Sect 0.01% 3,113 $244K New
GILD Gilead Sciences Inc. 0.01% 2,163 $240K Add +0.1%
BSJT Invesco Bulletshares 2029 HY 0.01% 11,001 $237K New
APH Amphenol Corp. Class A 0.01% 1,840 $228K New
VRT Vertiv Holdings Co. Class A 0.01% 1,499 $226K New
TMO Thermo Fisher Scientific Inc. 0.01% 465 $226K New
ITW Illinois Tool Works 0.01% 863 $225K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.01% 2,862 $224K No change
GEV GE Vernova Inc. 0.01% 361 $222K Reduce -7.4%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 740 $220K No change
WMS Advanced Drainage Systems Inc. 0.01% 1,583 $220K New
NTNX Nutanix Inc. Class A 0.01% 2,948 $219K New
SMPL The Simply Good Foods Co. 0.01% 8,778 $218K Reduce -2.7%
ONON On Holding AG Class A filed as ON HLDG AG 0.01% 5,115 $217K Reduce -36.0%
ASML ASML Holding NV-NY Reg SHS 0.01% 220 $213K New
GRMN Garmin Ltd. 0.01% 863 $212K New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.01% 3,443 $212K No change
NSIT Insight Enterprises Inc. 0.01% 1,825 $207K Reduce -93.6%
PRU Prudential Financial Inc. 0.01% 1,978 $205K Add +0.1%
OMC Omnicom Group 0.01% 2,501 $204K New
GEL Genesis Energy L.P. 0.01% 12,070 $202K No change
GIS General Mills Inc. 0.01% 3,980 $201K No change
DSP Viant Technology Inc. Class A 0.00% 13,515 $117K Reduce -2.5%
Other holdings (3): bonds, preferreds, convertibles and warrants · $872K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 401$496KReduce -3.8%
PENNYMAC CORP (PMT 8.5 06/01/29) NOTE 8.500% 6/0 · principal 335,000$345KNew
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal 29,000$31KNo 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 351$2.0BAGG, DFCF, TBLL, GOOGL, AVGO
Q1 2026 332$1.5BDFCF, GOOGL, AVGO, AAPL, VEU
Q4 2025 427$2.6BAAPL, GOOGL, NVDA, MSFT, AVGO
Q3 2025 410$2.6BNVDA, MSFT, AAPL, GOOGL, AVGO
Q2 2025 398$2.8BZTRE, ZTWO, MSFT, NVDA, AVGO
Q1 2025 389$2.5BZTRE, ZTWO, AAPL, MSFT, NVDA
Q4 2024 397$2.7BZTWO, ZTRE, AAPL, MSFT, NVDA
Q3 2024 332$3.2BADBE, MSFT, AAPL, NVDA, GOOGL
Q2 2024 315$2.8BMSFT, AAPL, NVDA, GOOGL, AMZN
Q1 2024 79$147.2MAAPL, ZTEN, MSFT, ZTRE, AMZN