Family Office Research LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Family Office Research LLC reported 67 stock positions worth $211.5 million. Its top holding was Marriott International Class A (MAR) at 23.7% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.8%) and iShares US Smallcap Equity F (SMLF, 6.5%). Compared with Q1 2025, it opened 2 new positions, sold out of 5, added to 23 and reduced 26. The biggest buy was Avantis U.S. Equity ETF (AVUS, shares +17%) and the biggest sale F/M US Treasury 3 Month Bill (TBIL, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- Bethesda, MD
- CIK
- 0002041267
- Portfolio Value
- $211.5M (Q2 2025)
- SEC Filing
- 0001172661-25-003381 ↗ filed Aug 14, 2025
Holdings Value
Holdings 67 stocks · $211.5M
| MAR Marriott International Class A | 23.68% | 183,293 | $50.1M | Reduce -11.7% |
| VOO Vanguard S&P 500 ETF | 10.83% | 40,334 | $22.9M | Add +1.6% |
| SMLF iShares US Smallcap Equity F | 6.48% | 201,512 | $13.7M | Add +3.9% |
| MOAT Vaneck Morningstar Wide Moat | 6.43% | 144,983 | $13.6M | Reduce -1.4% |
| TBIL F/M US Treasury 3 Month Bill | 5.58% | 235,946 | $11.8M | Reduce -38.0% |
| DFAC Dimensional US Core Equity 2 | 5.56% | 328,093 | $11.8M | Reduce -9.4% |
| QQQ Invesco QQQ Trust Series 1 | 5.49% | 21,056 | $11.6M | Add +5.0% |
| AVUS Avantis U.S. Equity ETF | 5.39% | 113,087 | $11.4M | Add +16.6% |
| DAL Delta Air Lines Inc. | 2.54% | 109,354 | $5.4M | No change |
| DFIC Dimensional International Co. | 2.26% | 153,886 | $4.8M | Reduce -4.1% |
| AVDE Avantis International Equity | 1.70% | 48,512 | $3.6M | Add +2.5% |
| DFEM Dimensional Emrg MRKT Core | 1.53% | 109,278 | $3.2M | Reduce -6.0% |
| IWV iShares Russell 3000 ETF | 1.53% | 9,188 | $3.2M | Reduce -0.8% |
| RTX RTX Corp. | 1.34% | 19,352 | $2.8M | Reduce -4.9% |
| AVEM Avantis Emerging Markets Eq | 1.31% | 40,280 | $2.8M | Add +6.0% |
| SMOT Vaneck Morningstar Smid Moat | 1.28% | 77,726 | $2.7M | Reduce -3.1% |
| AVSC Avantis US Small Cap Equity | 1.26% | 51,863 | $2.7M | Reduce -4.5% |
| JAAA Janus Henderson Aaa Clo ETF | 1.07% | 44,420 | $2.3M | Reduce -15.9% |
| IJR iShares Core S&P Small-Cap E | 1.05% | 20,254 | $2.2M | Add +4.2% |
| AAPL Apple Inc. | 0.92% | 9,450 | $1.9M | Reduce -7.8% |
| IVV iShares Core S&P 500 ETF | 0.70% | 2,371 | $1.5M | Add +0.0% |
| VAC Marriott Vacations World | 0.65% | 18,984 | $1.4M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.60% | 2,068 | $1.3M | No change |
| VGT Vanguard Info Tech ETF | 0.60% | 1,916 | $1.3M | Add +82.8% |
| SNSR Global X Internet of Things | 0.58% | 32,733 | $1.2M | Reduce -15.8% |
| AMZN Amazon.com Inc. | 0.52% | 5,003 | $1.1M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 0.47% | 1,356 | $1.0M | Add +0.1% |
| XT Ishar Fture Exp Tech ETF-Usd | 0.42% | 13,700 | $894K | Reduce -0.3% |
| MSFT Microsoft Corp. | 0.42% | 1,792 | $892K | Add +1.9% |
| ICF iShares Select U.S. REIT ETF | 0.40% | 13,941 | $853K | Reduce -0.4% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.40% | 32,487 | $836K | Add +29.6% |
| IGM iShares Expanded Tech Sector | 0.34% | 6,380 | $717K | Add +7.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 2,119 | $644K | Add +15.7% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.30% | 2,822 | $635K | No change |
| RWO State Street SPDR Dow Jones | 0.28% | 13,547 | $598K | Reduce -32.0% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.27% | 13,040 | $571K | No change |
| EFA iShares MSCI Eafe ETF | 0.27% | 6,298 | $563K | Reduce -1.1% |
| PTNQ Pacer Trendpilot 100 ETF | 0.27% | 7,870 | $562K | Reduce -3.2% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.26% | 10,690 | $544K | Add +0.8% |
| IT Gartner Inc. | 0.25% | 1,325 | $536K | No change |
| HST Host Hotels & Resorts Inc. | 0.25% | 34,279 | $527K | No change |
| IVW iShares S&P 500 Growth ETF | 0.24% | 4,684 | $516K | Reduce -2.1% |
| VNLA Janus Henderson Short Durati | 0.24% | 10,132 | $499K | Add +1.3% |
| GLD SPDR Gold Shares | 0.23% | 1,629 | $497K | No change |
| NVDA Nvidia Corp. | 0.22% | 2,926 | $462K | Add +2.4% |
| ARTY iShares Future AI & Tech ETF | 0.20% | 10,356 | $425K | No change |
| NVR NVR Inc. | 0.19% | 55 | $406K | No change |
| BOTZ Global X Robotics & Artifici | 0.19% | 12,211 | $399K | Reduce -28.7% |
| CDNA Caredx Inc. | 0.18% | 19,930 | $389K | No change |
| COST Costco Wholesale Corp. | 0.18% | 387 | $383K | No change |
| ESPO Vaneck Videogaming Esports | 0.17% | 3,244 | $355K | Reduce -0.5% |
| NUSC Nuveen ESG Small-Cap ETF | 0.16% | 8,357 | $340K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.16% | 5,498 | $337K | Add +2.3% |
| IWF iShares Russell 1000 Growth | 0.15% | 752 | $320K | No change |
| SHLD Global X Defense Tech ETF | 0.15% | 5,218 | $314K | No change |
| GOOG Alphabet Inc. Class C | 0.15% | 1,762 | $313K | Add +35.4% |
| IJH iShares Core S&P Midcap ETF | 0.15% | 4,973 | $308K | Reduce -8.6% |
| IVE iShares S&P 500 Value ETF | 0.14% | 1,567 | $306K | Reduce -1.8% |
| DE Deere & Co. | 0.14% | 601 | $306K | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 0.13% | 1,604 | $283K | Add +0.3% |
| TSLA Tesla Inc. | 0.13% | 857 | $272K | New |
| QCOM Qualcomm Inc. | 0.13% | 1,707 | $272K | Reduce -0.4% |
| IWB iShares Russell 1000 ETF | 0.12% | 772 | $262K | Add +0.1% |
| NCDL Nuveen Churchill Direct Lend | 0.12% | 16,167 | $262K | Add +1.3% |
| DFIS Dimensional International SM | 0.12% | 8,258 | $246K | No change |
| DFAU Dimensional US Core Equity M | 0.11% | 5,412 | $229K | Reduce -0.9% |
| ARKK ARK Innovation ETF | 0.10% | 2,998 | $211K | New |
Portfolio Sells Q1 2025 → Q2 2025
| TBIL F/M US Treasury 3 Month Bill | Reduce -38.0% | 5.58% | −3.69 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.47 |
| MAR Marriott International Class A | Reduce -11.7% | 23.68% | −0.40 |
| DFAC Dimensional US Core Equity 2 | Reduce -9.4% | 5.56% | −0.26 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -15.9% | 1.07% | −0.24 |
| AAPL Apple Inc. | Reduce -7.8% | 0.92% | −0.19 |
| CI The Cigna Group | Sold out | 0.00% | −0.17 |
| RWO State Street SPDR Dow Jones | Reduce -32.0% | 0.28% | −0.14 |
| MLPX Global X MLP & Energy Infras | Sold out | 0.00% | −0.12 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.11 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.10 |
| BOTZ Global X Robotics & Artifici | Reduce -28.7% | 0.19% | −0.05 |
| SNSR Global X Internet of Things | Reduce -15.8% | 0.58% | −0.04 |
| ICF iShares Select U.S. REIT ETF | Reduce -0.4% | 0.40% | −0.02 |
| PTNQ Pacer Trendpilot 100 ETF | Reduce -3.2% | 0.27% | −0.02 |
| AVSC Avantis US Small Cap Equity | Reduce -4.5% | 1.26% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -8.6% | 0.15% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -1.8% | 0.14% | −0.00 |
| SMOT Vaneck Morningstar Smid Moat | Reduce -3.1% | 1.28% | −0.00 |
| QCOM Qualcomm Inc. | Reduce -0.4% | 0.13% | +0.00 |
| DFAU Dimensional US Core Equity M | Reduce -0.9% | 0.11% | +0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.1% | 0.27% | +0.01 |
| RTX RTX Corp. | Reduce -4.9% | 1.34% | +0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -2.1% | 0.24% | +0.03 |
| ESPO Vaneck Videogaming Esports | Reduce -0.5% | 0.17% | +0.03 |
| DFEM Dimensional Emrg MRKT Core | Reduce -6.0% | 1.53% | +0.04 |
| XT Ishar Fture Exp Tech ETF-Usd | Reduce -0.3% | 0.42% | +0.04 |
| AMZN Amazon.com Inc. | Reduce -2.9% | 0.52% | +0.04 |
| DFIC Dimensional International Co. | Reduce -4.1% | 2.26% | +0.09 |
| IWV iShares Russell 3000 ETF | Reduce -0.8% | 1.53% | +0.09 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -1.4% | 6.43% | +0.13 |
Portfolio Buys Q1 2025 → Q2 2025
| AVUS Avantis U.S. Equity ETF | Add +16.6% | 5.39% | +1.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +5.0% | 5.49% | +0.91 |
| VOO Vanguard S&P 500 ETF | Add +1.6% | 10.83% | +0.90 |
| SMLF iShares US Smallcap Equity F | Add +3.9% | 6.48% | +0.60 |
| VGT Vanguard Info Tech ETF | Add +82.8% | 0.60% | +0.32 |
| AVEM Avantis Emerging Markets Eq | Add +6.0% | 1.31% | +0.19 |
| AVDE Avantis International Equity | Add +2.5% | 1.70% | +0.17 |
| TSLA Tesla Inc. | New | 0.13% | +0.13 |
| MSFT Microsoft Corp. | Add +1.9% | 0.42% | +0.10 |
| ARKK ARK Innovation ETF | New | 0.10% | +0.10 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.47% | +0.09 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Add +29.6% | 0.40% | +0.09 |
| IGM iShares Expanded Tech Sector | Add +7.2% | 0.34% | +0.08 |
| NVDA Nvidia Corp. | Add +2.4% | 0.22% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +15.7% | 0.30% | +0.06 |
| IJR iShares Core S&P Small-Cap E | Add +4.2% | 1.05% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +35.4% | 0.15% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +0.0% | 0.70% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | Add +2.3% | 0.16% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.13% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +0.1% | 0.12% | +0.01 |
| DE Deere & Co. | Add +0.8% | 0.14% | +0.01 |
| VNLA Janus Henderson Short Durati | Add +1.3% | 0.24% | −0.00 |
| JMST JPM Ultra-Short Muni Income | Add +0.8% | 0.26% | −0.01 |
| NCDL Nuveen Churchill Direct Lend | Add +1.3% | 0.12% | −0.01 |
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 |