Family Office Research LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Family Office Research LLC reported 70 stock positions worth $205.3 million. Its top holding was Marriott International Class A (MAR) at 24.1% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 9.9%) and F/M US Treasury 3 Month Bill (TBIL, 9.3%). Compared with Q4 2024, it opened 4 new positions, sold out of 9, added to 27 and reduced 33. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +8%) and the biggest sale Marriott International Class A (MAR, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Bethesda, MD
- CIK
- 0002041267
- Portfolio Value
- $205.3M (Q1 2025)
- SEC Filing
- 0001172661-25-002402 ↗ filed May 15, 2025
Holdings Value
Holdings 70 stocks · $205.3M
| MAR Marriott International Class A | 24.08% | 207,578 | $49.4M | Reduce -4.0% |
| VOO Vanguard S&P 500 ETF | 9.94% | 39,698 | $20.4M | Add +7.8% |
| TBIL F/M US Treasury 3 Month Bill | 9.26% | 380,317 | $19.0M | Reduce -11.8% |
| MOAT Vaneck Morningstar Wide Moat | 6.30% | 147,004 | $12.9M | Add +1.4% |
| SMLF iShares US Smallcap Equity F | 5.87% | 193,941 | $12.1M | Reduce -4.5% |
| DFAC Dimensional US Core Equity 2 | 5.82% | 362,147 | $11.9M | Add +3.4% |
| QQQ Invesco QQQ Trust Series 1 | 4.58% | 20,055 | $9.4M | Add +0.4% |
| AVUS Avantis U.S. Equity ETF | 4.36% | 96,989 | $9.0M | Add +18.6% |
| DAL Delta Air Lines Inc. | 2.32% | 109,354 | $4.8M | No change |
| DFIC Dimensional International Co. | 2.17% | 160,478 | $4.5M | Reduce -6.0% |
| AVDE Avantis International Equity | 1.53% | 47,337 | $3.1M | Add +0.2% |
| DFEM Dimensional Emrg MRKT Core | 1.50% | 116,213 | $3.1M | Reduce -9.6% |
| IWV iShares Russell 3000 ETF | 1.43% | 9,261 | $2.9M | Reduce -11.1% |
| RTX RTX Corp. | 1.31% | 20,351 | $2.7M | Add +0.0% |
| JAAA Janus Henderson Aaa Clo ETF | 1.30% | 52,796 | $2.7M | Add +22.0% |
| SMOT Vaneck Morningstar Smid Moat | 1.28% | 80,189 | $2.6M | Reduce -5.6% |
| AVSC Avantis US Small Cap Equity | 1.28% | 54,297 | $2.6M | Reduce -4.5% |
| AVEM Avantis Emerging Markets Eq | 1.11% | 38,018 | $2.3M | Reduce -0.1% |
| AAPL Apple Inc. | 1.11% | 10,249 | $2.3M | Reduce -7.5% |
| IJR iShares Core S&P Small-Cap E | 0.99% | 19,447 | $2.0M | Add +2.3% |
| IVV iShares Core S&P 500 ETF | 0.65% | 2,370 | $1.3M | Reduce -11.2% |
| SNSR Global X Internet of Things | 0.62% | 38,858 | $1.3M | Reduce -8.1% |
| VAC Marriott Vacations World | 0.59% | 18,984 | $1.2M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 2,068 | $1.2M | Add +0.3% |
| AMZN Amazon.com Inc. | 0.48% | 5,151 | $980K | Reduce -17.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 1,814 | $966K | Add +7.2% |
| RWO State Street SPDR Dow Jones | 0.42% | 19,931 | $870K | Reduce -1.9% |
| ICF iShares Select U.S. REIT ETF | 0.42% | 13,999 | $861K | Reduce -0.7% |
| XT Ishar Fture Exp Tech ETF-Usd | 0.39% | 13,748 | $791K | Reduce -22.9% |
| META Meta Platforms Inc. Class A | 0.38% | 1,355 | $782K | Add +59.4% |
| MSFT Microsoft Corp. | 0.32% | 1,759 | $661K | Add +9.9% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.31% | 25,071 | $633K | New |
| PTNQ Pacer Trendpilot 100 ETF | 0.28% | 8,129 | $577K | Reduce -3.4% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.28% | 2,822 | $568K | Reduce -7.0% |
| VGT Vanguard Info Tech ETF | 0.28% | 1,048 | $568K | Add +96.6% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.28% | 13,040 | $565K | No change |
| IT Gartner Inc. | 0.27% | 1,325 | $556K | Reduce -9.7% |
| IGM iShares Expanded Tech Sector | 0.26% | 5,954 | $540K | Reduce -1.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.26% | 10,609 | $540K | Add +0.7% |
| EFA iShares MSCI Eafe ETF | 0.25% | 6,365 | $520K | Reduce -25.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.25% | 1,832 | $504K | Add +0.4% |
| VNLA Janus Henderson Short Durati | 0.24% | 10,007 | $492K | Reduce -13.5% |
| BOTZ Global X Robotics & Artifici | 0.24% | 17,128 | $487K | Reduce -11.7% |
| HST Host Hotels & Resorts Inc. | 0.24% | 34,279 | $487K | Add +6.8% |
| GLD SPDR Gold Shares | 0.23% | 1,629 | $470K | Add +22.6% |
| IVW iShares S&P 500 Growth ETF | 0.22% | 4,784 | $444K | Reduce -19.8% |
| NVR NVR Inc. | 0.19% | 55 | $398K | No change |
| COST Costco Wholesale Corp. | 0.18% | 387 | $366K | Add +0.5% |
| CDNA Caredx Inc. | 0.17% | 19,930 | $354K | Reduce -77.8% |
| CI The Cigna Group | 0.17% | 1,061 | $349K | Reduce -2.5% |
| ARTY iShares Future AI & Tech ETF | 0.16% | 10,356 | $326K | Reduce -1.3% |
| NUSC Nuveen ESG Small-Cap ETF | 0.16% | 8,357 | $320K | No change |
| IJH iShares Core S&P Midcap ETF | 0.15% | 5,443 | $318K | Add +6.8% |
| NVDA Nvidia Corp. | 0.15% | 2,858 | $310K | Reduce -3.3% |
| IVE iShares S&P 500 Value ETF | 0.15% | 1,596 | $304K | Reduce -15.1% |
| ESPO Vaneck Videogaming Esports | 0.14% | 3,261 | $281K | Reduce -5.1% |
| DE Deere & Co. | 0.14% | 596 | $280K | Add +0.8% |
| IWF iShares Russell 1000 Growth | 0.13% | 752 | $272K | Add +46.9% |
| NCDL Nuveen Churchill Direct Lend | 0.13% | 15,959 | $271K | Reduce -43.9% |
| QCOM Qualcomm Inc. | 0.13% | 1,714 | $263K | Add +0.1% |
| IBIT iShares Bitcoin Trust ETF | 0.12% | 5,376 | $252K | New |
| GOOGL Alphabet Inc. Class A | 0.12% | 1,599 | $247K | Add +0.3% |
| SHLD Global X Defense Tech ETF | 0.12% | 5,218 | $243K | New |
| MLPX Global X MLP & Energy Infras | 0.12% | 3,721 | $237K | No change |
| IWB iShares Russell 1000 ETF | 0.12% | 771 | $237K | Add +0.1% |
| UNH Unitedhealth Group Inc. | 0.11% | 422 | $221K | Reduce -3.4% |
| DFIS Dimensional International SM | 0.10% | 8,258 | $213K | No change |
| DFAU Dimensional US Core Equity M | 0.10% | 5,461 | $210K | Reduce -66.6% |
| GOOG Alphabet Inc. Class C | 0.10% | 1,301 | $203K | Add +15.6% |
| ED Consolidated Edison Inc. | 0.10% | 1,830 | $202K | New |
Portfolio Sells Q4 2024 → Q1 2025
| MAR Marriott International Class A | Reduce -4.0% | 24.08% | −2.36 |
| CDNA Caredx Inc. | Reduce -77.8% | 0.17% | −0.67 |
| DFAU Dimensional US Core Equity M | Reduce -66.6% | 0.10% | −0.19 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -11.8% | 9.26% | −0.16 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.14 |
| SMLF iShares US Smallcap Equity F | Reduce -4.5% | 5.87% | −0.13 |
| ARKK ARK Innovation ETF | Sold out | 0.00% | −0.13 |
| DFAI Dimensional International Co. | Sold out | 0.00% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -17.8% | 0.48% | −0.13 |
| AAPL Apple Inc. | Reduce -7.5% | 1.11% | −0.11 |
| UTG Reaves Utility Income Fund | Sold out | 0.00% | −0.11 |
| JPLD JPMorgan Ltd. Duration ETF | Sold out | 0.00% | −0.10 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.10 |
| KOMP SS SPDR S&P Kensho Ne Comp | Sold out | 0.00% | −0.10 |
| IWV iShares Russell 3000 ETF | Reduce -11.1% | 1.43% | −0.09 |
| AXP American Express Co. | Sold out | 0.00% | −0.09 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −0.09 |
| XT Ishar Fture Exp Tech ETF-Usd | Reduce -22.9% | 0.39% | −0.08 |
| NCDL Nuveen Churchill Direct Lend | Reduce -43.9% | 0.13% | −0.08 |
| AVSC Avantis US Small Cap Equity | Reduce -4.5% | 1.28% | −0.07 |
| IVW iShares S&P 500 Growth ETF | Reduce -19.8% | 0.22% | −0.05 |
| IT Gartner Inc. | Reduce -9.7% | 0.27% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -11.2% | 0.65% | −0.04 |
| BOTZ Global X Robotics & Artifici | Reduce -11.7% | 0.24% | −0.03 |
| EFA iShares MSCI Eafe ETF | Reduce -25.6% | 0.25% | −0.03 |
| SNSR Global X Internet of Things | Reduce -8.1% | 0.62% | −0.02 |
| NVDA Nvidia Corp. | Reduce -3.3% | 0.15% | −0.02 |
| ARTY iShares Future AI & Tech ETF | Reduce -1.3% | 0.16% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -15.1% | 0.15% | −0.01 |
| VNLA Janus Henderson Short Durati | Reduce -13.5% | 0.24% | −0.01 |
| IGM iShares Expanded Tech Sector | Reduce -1.4% | 0.26% | −0.01 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -7.0% | 0.28% | −0.01 |
| SMOT Vaneck Morningstar Smid Moat | Reduce -5.6% | 1.28% | −0.00 |
| PTNQ Pacer Trendpilot 100 ETF | Reduce -3.4% | 0.28% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -3.4% | 0.11% | +0.01 |
| ESPO Vaneck Videogaming Esports | Reduce -5.1% | 0.14% | +0.01 |
| DFEM Dimensional Emrg MRKT Core | Reduce -9.6% | 1.50% | +0.02 |
| CI The Cigna Group | Reduce -2.5% | 0.17% | +0.04 |
| RWO State Street SPDR Dow Jones | Reduce -1.9% | 0.42% | +0.04 |
| ICF iShares Select U.S. REIT ETF | Reduce -0.7% | 0.42% | +0.05 |
| AVEM Avantis Emerging Markets Eq | Reduce -0.1% | 1.11% | +0.13 |
| DFIC Dimensional International Co. | Reduce -6.0% | 2.17% | +0.24 |
Portfolio Buys Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | Add +7.8% | 9.94% | +1.24 |
| AVUS Avantis U.S. Equity ETF | Add +18.6% | 4.36% | +0.89 |
| DFAC Dimensional US Core Equity 2 | Add +3.4% | 5.82% | +0.51 |
| MOAT Vaneck Morningstar Wide Moat | Add +1.4% | 6.30% | +0.41 |
| JAAA Janus Henderson Aaa Clo ETF | Add +22.0% | 1.30% | +0.34 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | New | 0.31% | +0.31 |
| RTX RTX Corp. | Add +0.0% | 1.31% | +0.28 |
| AVDE Avantis International Equity | Add +0.2% | 1.53% | +0.26 |
| META Meta Platforms Inc. Class A | Add +59.4% | 0.38% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.2% | 0.47% | +0.13 |
| VGT Vanguard Info Tech ETF | Add +96.6% | 0.28% | +0.13 |
| IBIT iShares Bitcoin Trust ETF | New | 0.12% | +0.12 |
| SHLD Global X Defense Tech ETF | New | 0.12% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.4% | 4.58% | +0.11 |
| ED Consolidated Edison Inc. | New | 0.10% | +0.10 |
| GLD SPDR Gold Shares | Add +22.6% | 0.23% | +0.09 |
| IWF iShares Russell 1000 Growth | Add +46.9% | 0.13% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.56% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Add +2.3% | 0.99% | +0.03 |
| JMST JPM Ultra-Short Muni Income | Add +0.7% | 0.26% | +0.03 |
| DE Deere & Co. | Add +0.8% | 0.14% | +0.03 |
| MSFT Microsoft Corp. | Add +9.9% | 0.32% | +0.03 |
| COST Costco Wholesale Corp. | Add +0.5% | 0.18% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +6.8% | 0.15% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.4% | 0.25% | +0.01 |
| QCOM Qualcomm Inc. | Add +0.1% | 0.13% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +0.1% | 0.12% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +15.6% | 0.10% | +0.01 |
| HST Host Hotels & Resorts Inc. | Add +6.8% | 0.24% | −0.01 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.12% | −0.01 |
| VAC Marriott Vacations World | Add +0.1% | 0.59% | −0.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 85 | $266.6M | MAR, VOO, SMLF, QQQ, AVUS |
| Q1 2026 | 75 | $230.2M | MAR, VOO, SMLF, MOAT, DFAC |
| Q4 2025 | 77 | $244.6M | MAR, VOO, SMLF, MOAT, TBIL |
| Q3 2025 | 72 | $228.6M | MAR, VOO, TBIL, SMLF, MOAT |
| Q2 2025 | 67 | $211.5M | MAR, VOO, SMLF, MOAT, TBIL |
| Q1 2025 | 70 | $205.3M | MAR, VOO, TBIL, MOAT, SMLF |
| Q4 2024 | 75 | $228.1M | MAR, TBIL, VOO, SMLF, MOAT |