Family Office Research LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Family Office Research LLC reported 72 stock positions worth $228.6 million. Its top holding was Marriott International Class A (MAR) at 20.5% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.9%) and F/M US Treasury 3 Month Bill (TBIL, 7.5%). Compared with Q2 2025, it opened 7 new positions, sold out of 2, added to 25 and reduced 33. The biggest buy was F/M US Treasury 3 Month Bill (TBIL, shares +46%) and the biggest sale Marriott International Class A (MAR, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Bethesda, MD
- CIK
- 0002041267
- Portfolio Value
- $228.6M (Q3 2025)
- SEC Filing
- 0001172661-25-004576 ↗ filed Nov 4, 2025
Holdings Value
Holdings 72 stocks · $228.6M
| MAR Marriott International Class A | 20.49% | 179,899 | $46.9M | Reduce -1.9% |
| VOO Vanguard S&P 500 ETF | 10.94% | 40,858 | $25.0M | Add +1.3% |
| TBIL F/M US Treasury 3 Month Bill | 7.54% | 344,828 | $17.2M | Add +46.1% |
| SMLF iShares US Smallcap Equity F | 6.52% | 200,650 | $14.9M | Reduce -0.4% |
| MOAT Vaneck Morningstar Wide Moat | 6.15% | 141,904 | $14.1M | Reduce -2.1% |
| DFAC Dimensional US Core Equity 2 | 5.57% | 330,223 | $12.7M | Add +0.7% |
| QQQ Invesco QQQ Trust Series 1 | 5.52% | 21,017 | $12.6M | Reduce -0.2% |
| AVUS Avantis U.S. Equity ETF | 5.33% | 112,044 | $12.2M | Reduce -0.9% |
| DAL Delta Air Lines Inc. | 2.71% | 109,018 | $6.2M | Reduce -0.3% |
| DFIC Dimensional International Co. | 2.19% | 152,812 | $5.0M | Reduce -0.7% |
| AVDE Avantis International Equity | 1.68% | 48,586 | $3.8M | Add +0.1% |
| DFEM Dimensional Emrg MRKT Core | 1.52% | 108,596 | $3.5M | Reduce -0.6% |
| IWV iShares Russell 3000 ETF | 1.51% | 9,087 | $3.4M | Reduce -1.1% |
| RTX RTX Corp. | 1.41% | 19,298 | $3.2M | Reduce -0.3% |
| AVEM Avantis Emerging Markets Eq | 1.32% | 40,116 | $3.0M | Reduce -0.4% |
| AVSC Avantis US Small Cap Equity | 1.26% | 50,212 | $2.9M | Reduce -3.2% |
| SMOT Vaneck Morningstar Smid Moat | 1.21% | 76,843 | $2.8M | Reduce -1.1% |
| IJR iShares Core S&P Small-Cap E | 1.08% | 20,742 | $2.5M | Add +2.4% |
| AAPL Apple Inc. | 0.98% | 8,800 | $2.2M | Reduce -6.9% |
| TSLA Tesla Inc. | 0.88% | 4,539 | $2.0M | Add +429.6% |
| JAAA Janus Henderson Aaa Clo ETF | 0.74% | 33,137 | $1.7M | Reduce -25.4% |
| IVV iShares Core S&P 500 ETF | 0.70% | 2,392 | $1.6M | Add +0.9% |
| VGT Vanguard Info Tech ETF | 0.63% | 1,919 | $1.4M | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.60% | 2,069 | $1.4M | Add +0.1% |
| VAC Marriott Vacations World | 0.55% | 18,984 | $1.3M | No change |
| SNSR Global X Internet of Things | 0.54% | 31,906 | $1.2M | Reduce -2.5% |
| CRWV Coreweave Inc. Class A | 0.52% | 8,636 | $1.2M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 2,164 | $1.1M | New |
| AMZN Amazon.com Inc. | 0.44% | 4,587 | $1.0M | Reduce -8.3% |
| XT Ishar Fture Exp Tech ETF-Usd | 0.43% | 13,624 | $980K | Reduce -0.6% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.41% | 34,120 | $932K | Add +5.0% |
| METV Roundhill Ball Metaverse ETF | 0.41% | 1,262 | $927K | New |
| IGM iShares Expanded Tech Sector | 0.35% | 6,380 | $804K | No change |
| MSFT Microsoft Corp. | 0.33% | 1,466 | $759K | Reduce -18.2% |
| ICF iShares Select U.S. REIT ETF | 0.32% | 11,752 | $724K | Reduce -15.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 2,124 | $697K | Add +0.2% |
| IBIT iShares Bitcoin Trust ETF | 0.30% | 10,651 | $692K | Add +93.7% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.30% | 2,829 | $691K | Add +0.3% |
| RWO State Street SPDR Dow Jones | 0.27% | 13,607 | $623K | Add +0.4% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.26% | 13,040 | $605K | No change |
| HST Host Hotels & Resorts Inc. | 0.25% | 34,243 | $583K | Reduce -0.1% |
| EFA iShares MSCI Eafe ETF | 0.25% | 6,217 | $581K | Reduce -1.3% |
| GLD SPDR Gold Shares | 0.25% | 1,629 | $579K | No change |
| IVW iShares S&P 500 Growth ETF | 0.24% | 4,615 | $557K | Reduce -1.5% |
| PTNQ Pacer Trendpilot 100 ETF | 0.24% | 7,128 | $553K | Reduce -9.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.24% | 10,766 | $550K | Add +0.7% |
| VNLA Janus Henderson Short Durati | 0.22% | 10,258 | $506K | Add +1.2% |
| ARTY iShares Future AI & Tech ETF | 0.21% | 10,356 | $474K | No change |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | 0.20% | 10,016 | $453K | New |
| NVR NVR Inc. | 0.19% | 55 | $442K | No change |
| BOTZ Global X Robotics & Artifici | 0.19% | 12,227 | $433K | Add +0.1% |
| ORCL Oracle Corp. | 0.19% | 1,530 | $430K | New |
| GOOG Alphabet Inc. Class C | 0.17% | 1,561 | $380K | Reduce -11.4% |
| ESPO Vaneck Videogaming Esports | 0.16% | 3,062 | $371K | Reduce -5.6% |
| SHLD Global X Defense Tech ETF | 0.16% | 5,221 | $367K | Add +0.1% |
| IWF iShares Russell 1000 Growth | 0.15% | 753 | $353K | Add +0.1% |
| IT Gartner Inc. | 0.15% | 1,321 | $347K | Reduce -0.3% |
| NVDA Nvidia Corp. | 0.15% | 1,860 | $347K | Reduce -36.4% |
| COST Costco Wholesale Corp. | 0.15% | 367 | $340K | Reduce -5.2% |
| GOOGL Alphabet Inc. Class A | 0.14% | 1,351 | $329K | Reduce -15.8% |
| IJH iShares Core S&P Midcap ETF | 0.14% | 4,980 | $325K | Add +0.1% |
| IVE iShares S&P 500 Value ETF | 0.14% | 1,568 | $324K | Add +0.1% |
| IWB iShares Russell 1000 ETF | 0.12% | 773 | $283K | Add +0.1% |
| QCOM Qualcomm Inc. | 0.12% | 1,661 | $276K | Reduce -2.7% |
| DE Deere & Co. | 0.12% | 592 | $271K | Reduce -1.5% |
| ARKK ARK Innovation ETF | 0.11% | 3,031 | $262K | Add +1.1% |
| DFIS Dimensional International SM | 0.11% | 8,258 | $261K | No change |
| DFAU Dimensional US Core Equity M | 0.11% | 5,415 | $248K | Add +0.1% |
| MLPD GBL X MLP & Enrg Infr CC ETF | 0.10% | 3,721 | $233K | New |
| NCDL Nuveen Churchill Direct Lend | 0.10% | 16,332 | $225K | Add +1.0% |
| SMH Vaneck Semiconductor ETF | 0.10% | 674 | $220K | New |
| NUSC Nuveen ESG Small-Cap ETF | 0.09% | 4,904 | $216K | Reduce -41.3% |
Portfolio Sells Q2 2025 → Q3 2025
| MAR Marriott International Class A | Reduce -1.9% | 20.49% | −3.19 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.47 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -25.4% | 0.74% | −0.33 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -2.1% | 6.15% | −0.28 |
| CDNA Caredx Inc. | Sold out | 0.00% | −0.18 |
| IT Gartner Inc. | Reduce -0.3% | 0.15% | −0.10 |
| MSFT Microsoft Corp. | Reduce -18.2% | 0.33% | −0.09 |
| ICF iShares Select U.S. REIT ETF | Reduce -15.7% | 0.32% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -8.3% | 0.44% | −0.08 |
| DFIC Dimensional International Co. | Reduce -0.7% | 2.19% | −0.07 |
| NVDA Nvidia Corp. | Reduce -36.4% | 0.15% | −0.07 |
| SMOT Vaneck Morningstar Smid Moat | Reduce -1.1% | 1.21% | −0.07 |
| NUSC Nuveen ESG Small-Cap ETF | Reduce -41.3% | 0.09% | −0.07 |
| AVUS Avantis U.S. Equity ETF | Reduce -0.9% | 5.33% | −0.07 |
| SNSR Global X Internet of Things | Reduce -2.5% | 0.54% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -5.2% | 0.15% | −0.03 |
| DE Deere & Co. | Reduce -1.5% | 0.12% | −0.03 |
| PTNQ Pacer Trendpilot 100 ETF | Reduce -9.4% | 0.24% | −0.02 |
| IWV iShares Russell 3000 ETF | Reduce -1.1% | 1.51% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -1.3% | 0.25% | −0.01 |
| DFEM Dimensional Emrg MRKT Core | Reduce -0.6% | 1.52% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -2.7% | 0.12% | −0.01 |
| AVSC Avantis US Small Cap Equity | Reduce -3.2% | 1.26% | −0.01 |
| ESPO Vaneck Videogaming Esports | Reduce -5.6% | 0.16% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.5% | 0.24% | −0.00 |
| HST Host Hotels & Resorts Inc. | Reduce -0.1% | 0.25% | +0.01 |
| XT Ishar Fture Exp Tech ETF-Usd | Reduce -0.6% | 0.43% | +0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -15.8% | 0.14% | +0.01 |
| AVEM Avantis Emerging Markets Eq | Reduce -0.4% | 1.32% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -11.4% | 0.17% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.2% | 5.52% | +0.03 |
| SMLF iShares US Smallcap Equity F | Reduce -0.4% | 6.52% | +0.05 |
| AAPL Apple Inc. | Reduce -6.9% | 0.98% | +0.06 |
| RTX RTX Corp. | Reduce -0.3% | 1.41% | +0.08 |
| DAL Delta Air Lines Inc. | Reduce -0.3% | 2.71% | +0.16 |
Portfolio Buys Q2 2025 → Q3 2025
| TBIL F/M US Treasury 3 Month Bill | Add +46.1% | 7.54% | +1.96 |
| TSLA Tesla Inc. | Add +429.6% | 0.88% | +0.75 |
| CRWV Coreweave Inc. Class A | New | 0.52% | +0.52 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.48% | +0.48 |
| METV Roundhill Ball Metaverse ETF | New | 0.41% | +0.41 |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | New | 0.20% | +0.20 |
| ORCL Oracle Corp. | New | 0.19% | +0.19 |
| IBIT iShares Bitcoin Trust ETF | Add +93.7% | 0.30% | +0.14 |
| VOO Vanguard S&P 500 ETF | Add +1.3% | 10.94% | +0.11 |
| MLPD GBL X MLP & Enrg Infr CC ETF | New | 0.10% | +0.10 |
| SMH Vaneck Semiconductor ETF | New | 0.10% | +0.10 |
| IJR iShares Core S&P Small-Cap E | Add +2.4% | 1.08% | +0.03 |
| VGT Vanguard Info Tech ETF | Add +0.2% | 0.63% | +0.03 |
| ARKK ARK Innovation ETF | Add +1.1% | 0.11% | +0.01 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Add +5.0% | 0.41% | +0.01 |
| SHLD Global X Defense Tech ETF | Add +0.1% | 0.16% | +0.01 |
| DFAC Dimensional US Core Equity 2 | Add +0.7% | 5.57% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.9% | 0.70% | +0.00 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.15% | +0.00 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Add +0.3% | 0.30% | +0.00 |
| BOTZ Global X Robotics & Artifici | Add +0.1% | 0.19% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 0.30% | +0.00 |
| DFAU Dimensional US Core Equity M | Add +0.1% | 0.11% | 0.00 |
| IWB iShares Russell 1000 ETF | Add +0.1% | 0.12% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 0.60% | −0.00 |
| IVE iShares S&P 500 Value ETF | Add +0.1% | 0.14% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.1% | 0.14% | −0.00 |
| RWO State Street SPDR Dow Jones | Add +0.4% | 0.27% | −0.01 |
| VNLA Janus Henderson Short Durati | Add +1.2% | 0.22% | −0.01 |
| JMST JPM Ultra-Short Muni Income | Add +0.7% | 0.24% | −0.02 |
| AVDE Avantis International Equity | Add +0.1% | 1.68% | −0.02 |
| NCDL Nuveen Churchill Direct Lend | Add +1.0% | 0.10% | −0.03 |
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 |