Family Office Research LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Family Office Research LLC reported 77 stock positions worth $244.6 million. Its top holding was Marriott International Class A (MAR) at 22.8% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.3%) and iShares US Smallcap Equity F (SMLF, 6.3%). Compared with Q3 2025, it opened 7 new positions, sold out of 2, added to 24 and reduced 35. The biggest buy was a new position in Bluerock Private Real Estate (BPRE) and the biggest sale F/M US Treasury 3 Month Bill (TBIL, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- Bethesda, MD
- CIK
- 0002041267
- Portfolio Value
- $244.6M (Q4 2025)
- SEC Filing
- 0001172661-26-000542 ↗ filed Feb 9, 2026
Holdings Value
Holdings 77 stocks · $244.6M
| MAR Marriott International Class A | 22.79% | 177,367 | $55.8M | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 10.29% | 39,787 | $25.2M | Reduce -2.6% |
| SMLF iShares US Smallcap Equity F | 6.30% | 203,079 | $15.4M | Add +1.2% |
| MOAT Vaneck Morningstar Wide Moat | 5.89% | 138,019 | $14.4M | Reduce -2.7% |
| TBIL F/M US Treasury 3 Month Bill | 5.48% | 268,080 | $13.4M | Reduce -22.3% |
| QQQ Invesco QQQ Trust Series 1 | 5.41% | 21,305 | $13.2M | Add +1.4% |
| DFAC Dimensional US Core Equity 2 | 5.31% | 324,951 | $13.0M | Reduce -1.6% |
| AVUS Avantis U.S. Equity ETF | 5.14% | 111,405 | $12.6M | Reduce -0.6% |
| DAL Delta Air Lines Inc. | 3.10% | 109,018 | $7.6M | No change |
| DFIC Dimensional International Co. | 2.16% | 152,962 | $5.3M | Add +0.1% |
| AVDE Avantis International Equity | 1.69% | 49,995 | $4.1M | Add +2.9% |
| DFEM Dimensional Emrg MRKT Core | 1.46% | 108,371 | $3.6M | Reduce -0.2% |
| RTX RTX Corp. | 1.45% | 19,299 | $3.6M | Add +0.0% |
| IWV iShares Russell 3000 ETF | 1.44% | 9,042 | $3.5M | Reduce -0.5% |
| JAAA Janus Henderson Aaa Clo ETF | 1.38% | 66,971 | $3.4M | Add +102.1% |
| AVEM Avantis Emerging Markets Eq | 1.30% | 41,381 | $3.2M | Add +3.1% |
| BPRE Bluerock Private Real Estate | 1.18% | 190,618 | $2.9M | New |
| TSLA Tesla Inc. | 1.08% | 5,749 | $2.6M | Add +26.7% |
| IJR iShares Core S&P Small-Cap E | 1.04% | 20,860 | $2.6M | Add +0.6% |
| AVSC Avantis US Small Cap Equity | 1.04% | 42,784 | $2.5M | Reduce -14.8% |
| SMOT Vaneck Morningstar Smid Moat | 1.00% | 66,806 | $2.4M | Reduce -13.1% |
| AAPL Apple Inc. | 0.98% | 8,728 | $2.4M | Reduce -0.8% |
| IVV iShares Core S&P 500 ETF | 0.69% | 2,451 | $1.7M | Add +2.5% |
| BALT Inn Defined Wealth Shield | 0.61% | 44,445 | $1.5M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.61% | 2,162 | $1.5M | Add +4.5% |
| VGT Vanguard Info Tech ETF | 0.56% | 1,794 | $1.4M | Reduce -6.5% |
| NVDA Nvidia Corp. | 0.53% | 6,866 | $1.3M | Add +269.1% |
| VAC Marriott Vacations World | 0.45% | 18,984 | $1.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.43% | 2,095 | $1.1M | Reduce -3.2% |
| AMZN Amazon.com Inc. | 0.42% | 4,417 | $1.0M | Reduce -3.7% |
| SNSR Global X Internet of Things | 0.41% | 27,113 | $1.0M | Reduce -15.0% |
| IGM iShares Expanded Tech Sector | 0.31% | 5,799 | $758K | Reduce -9.1% |
| METV Roundhill Ball Metaverse ETF | 0.31% | 1,144 | $754K | Reduce -9.3% |
| ICF iShares Select U.S. REIT ETF | 0.30% | 12,418 | $746K | Add +5.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 2,135 | $723K | Add +0.5% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.29% | 2,843 | $720K | Add +0.5% |
| XT Ishar Fture Exp Tech ETF-Usd | 0.29% | 10,016 | $705K | Reduce -26.5% |
| MSFT Microsoft Corp. | 0.28% | 1,417 | $691K | Reduce -3.3% |
| CRWV Coreweave Inc. Class A | 0.27% | 8,654 | $648K | Add +0.2% |
| GLD SPDR Gold Shares | 0.26% | 1,600 | $638K | Reduce -1.8% |
| HST Host Hotels & Resorts Inc. | 0.26% | 34,243 | $630K | No change |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.26% | 13,040 | $627K | No change |
| RWO State Street SPDR Dow Jones | 0.25% | 13,682 | $622K | Add +0.6% |
| EFA iShares MSCI Eafe ETF | 0.23% | 5,881 | $566K | Reduce -5.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.23% | 10,839 | $553K | Add +0.7% |
| ETHA iShares Ethereum Trust ETF | 0.23% | 24,949 | $551K | New |
| IVW iShares S&P 500 Growth ETF | 0.22% | 4,415 | $549K | Reduce -4.3% |
| PTNQ Pacer Trendpilot 100 ETF | 0.22% | 6,755 | $542K | Reduce -5.2% |
| VNLA Janus Henderson Short Durati | 0.21% | 10,423 | $512K | Add +1.6% |
| ARTY iShares Future AI & Tech ETF | 0.20% | 10,193 | $496K | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 0.20% | 1,519 | $478K | Reduce -2.7% |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | 0.20% | 10,022 | $477K | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.18% | 1,367 | $429K | Add +1.2% |
| JPLD JPMorgan Ltd. Duration ETF | 0.17% | 7,736 | $406K | New |
| NVR NVR Inc. | 0.17% | 55 | $405K | No change |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.16% | 13,557 | $397K | Reduce -60.3% |
| BOTZ Global X Robotics & Artifici | 0.15% | 9,842 | $362K | Reduce -19.5% |
| IWF iShares Russell 1000 Growth | 0.15% | 753 | $360K | No change |
| IT Gartner Inc. | 0.14% | 1,321 | $335K | No change |
| COST Costco Wholesale Corp. | 0.13% | 367 | $319K | No change |
| SHLD Global X Defense Tech ETF | 0.12% | 4,585 | $301K | Reduce -12.2% |
| ORCL Oracle Corp. | 0.12% | 1,531 | $299K | Add +0.1% |
| IWB iShares Russell 1000 ETF | 0.12% | 774 | $292K | Add +0.1% |
| ESPO Vaneck Videogaming Esports | 0.12% | 2,792 | $291K | Reduce -8.8% |
| QCOM Qualcomm Inc. | 0.12% | 1,661 | $288K | No change |
| IJH iShares Core S&P Midcap ETF | 0.12% | 4,282 | $287K | Reduce -14.0% |
| IVE iShares S&P 500 Value ETF | 0.12% | 1,325 | $283K | Reduce -15.5% |
| CPAG F/M Com US Agg Bond ETF | 0.12% | 2,763 | $283K | New |
| DFIS Dimensional International SM | 0.11% | 8,258 | $273K | No change |
| DE Deere & Co. | 0.11% | 546 | $257K | Reduce -7.8% |
| DFAU Dimensional US Core Equity M | 0.10% | 5,382 | $254K | Reduce -0.6% |
| SMH Vaneck Semiconductor ETF | 0.10% | 676 | $247K | Add +0.3% |
| ARKK ARK Innovation ETF | 0.10% | 3,031 | $238K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.09% | 4,401 | $217K | Reduce -58.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 4,305 | $216K | New |
| MLPD GBL X MLP & Enrg Infr CC ETF | 0.09% | 3,480 | $210K | Reduce -6.5% |
| MDY State Street SPDR S&P Midcap | 0.08% | 329 | $201K | New |
Portfolio Sells Q3 2025 → Q4 2025
| TBIL F/M US Treasury 3 Month Bill | Reduce -22.3% | 5.48% | −2.06 |
| VOO Vanguard S&P 500 ETF | Reduce -2.6% | 10.29% | −0.66 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -2.7% | 5.89% | −0.26 |
| DFAC Dimensional US Core Equity 2 | Reduce -1.6% | 5.31% | −0.26 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Reduce -60.3% | 0.16% | −0.25 |
| AVSC Avantis US Small Cap Equity | Reduce -14.8% | 1.04% | −0.22 |
| IBIT iShares Bitcoin Trust ETF | Reduce -58.7% | 0.09% | −0.21 |
| SMOT Vaneck Morningstar Smid Moat | Reduce -13.1% | 1.00% | −0.21 |
| AVUS Avantis U.S. Equity ETF | Reduce -0.6% | 5.14% | −0.19 |
| XT Ishar Fture Exp Tech ETF-Usd | Reduce -26.5% | 0.29% | −0.14 |
| SNSR Global X Internet of Things | Reduce -15.0% | 0.41% | −0.13 |
| NCDL Nuveen Churchill Direct Lend | Sold out | 0.00% | −0.10 |
| METV Roundhill Ball Metaverse ETF | Reduce -9.3% | 0.31% | −0.10 |
| NUSC Nuveen ESG Small-Cap ETF | Sold out | 0.00% | −0.09 |
| VGT Vanguard Info Tech ETF | Reduce -6.5% | 0.56% | −0.07 |
| IWV iShares Russell 3000 ETF | Reduce -0.5% | 1.44% | −0.06 |
| DFEM Dimensional Emrg MRKT Core | Reduce -0.2% | 1.46% | −0.06 |
| MSFT Microsoft Corp. | Reduce -3.3% | 0.28% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.2% | 0.43% | −0.05 |
| ESPO Vaneck Videogaming Esports | Reduce -8.8% | 0.12% | −0.04 |
| BOTZ Global X Robotics & Artifici | Reduce -19.5% | 0.15% | −0.04 |
| IGM iShares Expanded Tech Sector | Reduce -9.1% | 0.31% | −0.04 |
| SHLD Global X Defense Tech ETF | Reduce -12.2% | 0.12% | −0.04 |
| IVE iShares S&P 500 Value ETF | Reduce -15.5% | 0.12% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -14.0% | 0.12% | −0.03 |
| EFA iShares MSCI Eafe ETF | Reduce -5.4% | 0.23% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -3.7% | 0.42% | −0.02 |
| PTNQ Pacer Trendpilot 100 ETF | Reduce -5.2% | 0.22% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -4.3% | 0.22% | −0.02 |
| MLPD GBL X MLP & Enrg Infr CC ETF | Reduce -6.5% | 0.09% | −0.02 |
| DE Deere & Co. | Reduce -7.8% | 0.11% | −0.01 |
| ARTY iShares Future AI & Tech ETF | Reduce -1.6% | 0.20% | −0.00 |
| DFAU Dimensional US Core Equity M | Reduce -0.6% | 0.10% | −0.00 |
| AAPL Apple Inc. | Reduce -0.8% | 0.98% | −0.00 |
| GLD SPDR Gold Shares | Reduce -1.8% | 0.26% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 0.20% | +0.03 |
| MAR Marriott International Class A | Reduce -1.4% | 22.79% | +2.30 |
Portfolio Buys Q3 2025 → Q4 2025
| BPRE Bluerock Private Real Estate | New | 1.18% | +1.18 |
| JAAA Janus Henderson Aaa Clo ETF | Add +102.1% | 1.38% | +0.65 |
| BALT Inn Defined Wealth Shield | New | 0.61% | +0.61 |
| NVDA Nvidia Corp. | Add +269.1% | 0.53% | +0.38 |
| ETHA iShares Ethereum Trust ETF | New | 0.23% | +0.23 |
| TSLA Tesla Inc. | Add +26.7% | 1.08% | +0.20 |
| JPLD JPMorgan Ltd. Duration ETF | New | 0.17% | +0.17 |
| CPAG F/M Com US Agg Bond ETF | New | 0.12% | +0.12 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.09% | +0.09 |
| MDY State Street SPDR S&P Midcap | New | 0.08% | +0.08 |
| RTX RTX Corp. | Add +0.0% | 1.45% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +1.2% | 0.18% | +0.03 |
| AVDE Avantis International Equity | Add +2.9% | 1.69% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.5% | 0.61% | +0.01 |
| SMH Vaneck Semiconductor ETF | Add +0.3% | 0.10% | +0.00 |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | Add +0.1% | 0.20% | −0.00 |
| IWB iShares Russell 1000 ETF | Add +0.1% | 0.12% | −0.00 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Add +0.5% | 0.29% | −0.01 |
| IVV iShares Core S&P 500 ETF | Add +2.5% | 0.69% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.5% | 0.30% | −0.01 |
| VNLA Janus Henderson Short Durati | Add +1.6% | 0.21% | −0.01 |
| ICF iShares Select U.S. REIT ETF | Add +5.7% | 0.30% | −0.01 |
| JMST JPM Ultra-Short Muni Income | Add +0.7% | 0.23% | −0.01 |
| AVEM Avantis Emerging Markets Eq | Add +3.1% | 1.30% | −0.02 |
| RWO State Street SPDR Dow Jones | Add +0.6% | 0.25% | −0.02 |
| DFIC Dimensional International Co. | Add +0.1% | 2.16% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Add +0.6% | 1.04% | −0.03 |
| ORCL Oracle Corp. | Add +0.1% | 0.12% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.4% | 5.41% | −0.11 |
| SMLF iShares US Smallcap Equity F | Add +1.2% | 6.30% | −0.22 |
| CRWV Coreweave Inc. Class A | Add +0.2% | 0.27% | −0.25 |
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 |