First American Trust, FSB

Name: FIRST AMERICAN TRUST, FSB 13F holdings, Q2 2025
Creator: FIRST AMERICAN TRUST, FSB
Published: 2025-08-11

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), First American Trust, FSB reported 239 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Apple (AAPL, 4.6%) and iShares MSCI Eafe Value ETF (EFV, 3.9%). Compared with Q1 2025, it opened 22 new positions, sold out of 15, added to 100 and reduced 101. The biggest buy was Nvidia (NVDA, shares +23%) and the biggest sale Apple (AAPL, shares −8%).

Most Recent 13F: Q2 2026
Location: SANTA ANA, CA
CIK: 0000036066
Portfolio Value: $1.3B (Q2 2025)
SEC Filing: 0000036066-25-000009 ↗ filed Aug 11, 2025

Holdings Value

Holdings 239 stocks · $1.3B


MSFT Microsoft Corp.	5.42%	136,325	$67.8M	Add +0.0%
AAPL Apple Inc.	4.63%	282,749	$58.0M	Reduce -7.8%
EFV iShares MSCI Eafe Value ETF	3.85%	759,633	$48.2M	Add +49.0%
NVDA Nvidia Corp.	3.56%	282,063	$44.6M	Add +23.3%
AMZN Amazon.com Inc.	3.36%	191,709	$42.1M	Reduce -0.4%
VTV Vanguard Mrngstr Val ETF-Aui	2.80%	198,146	$35.0M	Add +8.9%
META Meta Platforms Inc. Class A	1.77%	29,996	$22.1M	Add +0.1%
GOOGL Alphabet Inc. Class A	1.76%	125,186	$22.1M	Reduce -0.1%
JPM JPMorgan Chase & Co.	1.75%	75,343	$21.8M	Add +13.9%
LLY Eli Lilly & Co.	1.73%	27,732	$21.6M	Reduce -10.5%
FAF First American Financial	1.70%	347,241	$21.3M	Reduce 0.0%
IAU iShares Gold Trust	1.66%	333,247	$20.8M	Reduce -5.6%
AMLP Alerian MLP ETF	1.49%	380,575	$18.6M	Reduce -6.5%
VOE Vngrd Mrngstr MD-Cap Val ETF	1.46%	111,470	$18.3M	Add +348.7%
WMT Walmart Inc.	1.42%	182,044	$17.8M	Reduce -1.3%
IEI iShares 3-7 Year Treasury Bo	1.40%	147,148	$17.5M	Add +38.8%
V Visa Inc. Class A	1.35%	47,482	$16.9M	Add +0.3%
AVGO Broadcom Inc.	1.34%	60,634	$16.7M	Add +48.6%
GVI iShares Intermediate Governm	1.29%	151,590	$16.2M	Add +1.2%
ABT Abbott Laboratories	1.24%	113,885	$15.5M	Add +0.6%
ORCL Oracle Corp.	1.17%	67,178	$14.7M	Reduce -1.1%
WFC Wells Fargo & Co.	1.08%	169,025	$13.5M	Add +2.7%
JIG JPMorgan International Growt	1.01%	176,263	$12.6M	New
BLK BlackRock Inc.	1.00%	11,944	$12.5M	Reduce -0.1%
PYLD PIMCO Multisector Bond Actv	0.99%	466,874	$12.4M	Add +69.7%
MCD McDonald's Corp.	0.94%	40,056	$11.7M	Add +8.5%
BSV Vanguard Short-Term Bond ETF	0.92%	146,615	$11.5M	Add +4.1%
ABBV Abbvie Inc.	0.86%	58,049	$10.8M	Add +1.4%
PM Philip Morris International	0.84%	57,666	$10.5M	Add +2.3%
DLN Wisdomtree US Largecap Divid	0.83%	126,368	$10.4M	Add +1.6%
NEE Nextera Energy Inc.	0.82%	148,330	$10.3M	Add +3.5%
PGR Progressive Corp.	0.82%	38,448	$10.3M	Add +50.6%
UNP Union Pacific Corp.	0.82%	44,348	$10.2M	Add +0.6%
EMR Emerson Electric Co.	0.80%	75,384	$10.1M	Reduce -2.4%
SHY iShares 1-3 Year Treasury Bo	0.80%	121,205	$10.0M	New
VCIT Vanguard Int-Term Corporate	0.79%	119,577	$9.9M	Reduce -7.9%
IGF iShares Global Infrastructur	0.78%	165,498	$9.8M	Add +4116.5%
C Citigroup Inc.	0.77%	113,333	$9.6M	Reduce -42.1%
BKNG Booking Holdings Inc.	0.77%	1,657	$9.6M	Reduce -1.9%
CAT Caterpillar Inc.	0.76%	24,664	$9.6M	Reduce -0.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.75%	287,549	$9.4M	Add +51.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.74%	101,953	$9.3M	Add +78.0%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.72%	32,751	$9.1M	Add +3.0%
CMS CMS Energy Corp.	0.70%	126,938	$8.8M	Reduce -0.6%
MDT Medtronic PLC	0.69%	99,619	$8.7M	Add +0.8%
BSX Boston Scientific Corp.	0.69%	80,671	$8.7M	Reduce -24.6%
VCSH Vanguard S/T Corp. Bond ETF	0.69%	108,577	$8.6M	Add +16.0%
TMO Thermo Fisher Scientific Inc.	0.68%	21,100	$8.6M	Reduce -1.0%
GS Goldman Sachs Group Inc.	0.66%	11,748	$8.3M	Reduce -43.3%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.65%	74,360	$8.2M	Add +18.8%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.63%	40,546	$7.9M	Add +0.1%
MMM 3M Co.	0.63%	51,848	$7.9M	Add +3.6%
VMBS Vanguard Mortgage-Backed Sec	0.62%	168,621	$7.8M	Reduce -14.9%
PANW Palo Alto Networks Inc.	0.62%	38,121	$7.8M	Reduce -0.7%
ROK Rockwell Automation Inc.	0.62%	23,428	$7.8M	Reduce -3.0%
ILF iShares Latin America 40 ETF	0.61%	292,360	$7.7M	New
MTBA Simplify MBS ETF	0.59%	147,963	$7.4M	Reduce -9.9%
EOG EOG Resources Inc.	0.58%	61,220	$7.3M	Add +0.5%
TSN Tyson Foods Inc. Class A	0.58%	130,013	$7.3M	Reduce -1.1%
VUG Vanguard Mrngstar GR ETF-Sui	0.58%	16,563	$7.3M	Add +3.8%
TTWO Take-Two Interactive Softwre	0.57%	29,226	$7.1M	Add +0.5%
NOW ServiceNow Inc.	0.56%	6,870	$7.1M	Reduce -2.0%
ASML ASML Holding NV-NY Reg SHS	0.55%	8,643	$6.9M	Add +4.1%
CI The Cigna Group	0.52%	19,829	$6.6M	Add +3.5%
SPY SS SPDR S&P 500 ETF Trust-US	0.52%	10,602	$6.6M	Reduce -18.1%
CHTR Charter Communications Inc. Class A	0.51%	15,530	$6.3M	New
PWZ Invesco California Amt-Free	0.49%	262,226	$6.1M	Reduce -19.3%
VOO Vanguard S&P 500 ETF	0.47%	10,335	$5.9M	Add +10.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.46%	46,126	$5.7M	Add +244.2%
XYL Xylem Inc.	0.46%	44,174	$5.7M	Reduce -1.1%
EEM iShares MSCI Emerging Market	0.46%	118,388	$5.7M	Reduce -13.8%
LGLV SPDR US LC Low Vol Idx	0.45%	32,117	$5.6M	Add +3.8%
MBB iShares MBS ETF	0.44%	58,884	$5.5M	Reduce -0.6%
JCI Johnson Controls Internation	0.44%	52,229	$5.5M	Add +2.1%
PFF iShares Preferred & Income S	0.43%	175,793	$5.4M	Add +3.3%
CMF iShares California Muni Bond	0.43%	95,601	$5.3M	Add +7.9%
SNOW Snowflake Inc.	0.42%	23,248	$5.2M	Reduce -1.1%
VRTX Vertex Pharmaceuticals Inc.	0.40%	11,348	$5.1M	Reduce -33.3%
ROST Ross Stores Inc.	0.40%	39,487	$5.0M	Add +13.5%
SUB iShares Short-Term National	0.38%	45,056	$4.8M	Reduce -6.1%
MUB iShares National Muni Bond E	0.38%	45,484	$4.8M	Add +4.1%
JPRE JPMorgan Realty Income ETF	0.38%	99,532	$4.7M	New
QQQ Invesco QQQ Trust Series 1	0.37%	8,458	$4.7M	Reduce -0.9%
TRMB Trimble Inc.	0.37%	61,333	$4.7M	Reduce -1.4%
MPWR Monolithic Power Systems Inc.	0.37%	6,337	$4.6M	Add +2.8%
BRK.B Berkshire Hathaway Inc. Class B	0.36%	9,159	$4.4M	Add +1.9%
DVY iShares Select Dividend ETF	0.35%	32,713	$4.3M	Add +2.3%
AGG iShares Core U.S. Aggregate	0.35%	43,669	$4.3M	Reduce -1.2%
JPIB JPMorgan Intl BND ETF	0.34%	88,748	$4.3M	New
TWLO Twilio Inc. Class A	0.32%	31,802	$4.0M	Reduce -0.0%
VTIP Vanguard Short-Term Tips	0.31%	76,553	$3.8M	Reduce -7.4%
IVV iShares Core S&P 500 ETF	0.31%	6,186	$3.8M	Reduce -77.4%
ETR Entergy Corp.	0.30%	45,657	$3.8M	Add +0.2%
FIS Fidelity National Info Serv	0.30%	45,661	$3.7M	New
VTEB Vanguard Tax-Exempt Bond ETF	0.30%	75,384	$3.7M	Reduce -2.6%
GTLS Chart Industries Inc.	0.29%	22,097	$3.6M	Reduce -2.1%
MRVL Marvell Technology Inc.	0.29%	46,584	$3.6M	Reduce -4.2%
VEU Vanguard Ftse All-World Ex-U	0.28%	52,865	$3.6M	Add +25.9%
BLUE OWL CREDIT INCOME CORP	0.28%	367,585	$3.5M	Add +9.6%
PCAR Paccar Inc.	0.27%	35,525	$3.4M	Add +3.1%
FCX Freeport-McMoran Inc.	0.26%	75,813	$3.3M	Add +1.4%
SPLV Invesco S&P 500 Low Volatili	0.25%	42,367	$3.1M	New
EFG iShares MSCI Eafe Growth ETF	0.25%	27,499	$3.1M	Reduce -44.2%
LRCX Lam Research Corp.	0.24%	30,481	$3.0M	Reduce -30.2%
VGSH Vanguard Short-Term Treasury	0.23%	48,311	$2.8M	Add +31.3%
KO The Coca-Cola Co.	0.22%	38,093	$2.7M	Reduce -7.4%
PID Invesco International Divide	0.19%	117,955	$2.4M	Add +2.7%
IDV iShares International Select	0.19%	67,193	$2.3M	Add +2.9%
HON Honeywell International Inc.	0.17%	9,390	$2.2M	Reduce -9.9%
COST Costco Wholesale Corp.	0.17%	2,186	$2.2M	Add +4.0%
GOOG Alphabet Inc. Class C	0.17%	12,103	$2.1M	Add +5.2%
IEF iShares 7-10 Year Treasury B	0.17%	22,311	$2.1M	Add +8.3%
PH Parker Hannifin Corp.	0.16%	2,909	$2.0M	Reduce -9.8%
VGIT Vanguard Intermediate-Term T	0.16%	33,047	$2.0M	Add +5.5%
VNQ Vanguard Real Estate ETF	0.16%	22,177	$2.0M	Reduce -47.8%
FLOT iShares Floating Rate Bond E	0.16%	38,289	$2.0M	Add +6.8%
EFA iShares MSCI Eafe ETF	0.16%	21,720	$1.9M	Add +15.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.14%	6,371	$1.8M	Reduce -9.7%
CWI State Street SPDR MSCI Acwi	0.14%	54,854	$1.8M	Add +4.7%
SCZ iShares MSCI Eafe Small-Cap	0.13%	23,065	$1.7M	Add +2.3%
QCOM Qualcomm Inc.	0.13%	10,340	$1.6M	Reduce -0.9%
XOM Exxon Mobil Corp.	0.13%	14,991	$1.6M	Add +1.1%
BLACKSTONE REIT INC CL I	0.12%	113,238	$1.6M	Add +0.7%
IUSG iShares Core S&P U.S. Growth	0.12%	10,220	$1.5M	No change
TIP iShares Tips Bond ETF	0.12%	13,794	$1.5M	Add +13.9%
NVO Novo-Nordisk A/S-Spons ADR	0.10%	18,800	$1.3M	Reduce -12.2%
CTAS Cintas Corp.	0.10%	5,736	$1.3M	Reduce -1.9%
VYM Vanguard High DVD Yield ETF	0.09%	8,676	$1.2M	New
HD Home Depot Inc.	0.09%	3,068	$1.1M	Add +16.3%
JNJ Johnson & Johnson	0.08%	6,891	$1.1M	Reduce -2.3%
GLD SPDR Gold Shares	0.08%	3,354	$1.0M	Reduce -3.5%
PEP Pepsico Inc.	0.08%	7,447	$983K	Add +4.7%
CSCO Cisco Systems Inc.	0.08%	13,881	$963K	Reduce -1.4%
ZTS Zoetis Inc.	0.07%	5,920	$923K	Reduce -10.7%
GDX Vaneck Gold Miners ETF	0.07%	17,671	$920K	Add +3.8%
CVX Chevron Corp.	0.07%	6,369	$912K	Add +1.0%
JNK SS SPDR BB High Yield Bond	0.07%	8,840	$860K	Reduce -13.2%
IEFA iShares Core MSCI Eafe ETF	0.07%	9,793	$818K	Add +0.5%
ULTA Ulta Beauty Inc.	0.06%	1,714	$802K	Reduce -10.4%
PG The Procter & Gamble Co.	0.06%	4,947	$788K	Reduce -4.3%
CMCSA Comcast Corp. Class A	0.06%	21,647	$773K	Reduce -14.0%
NKE Nike Inc. Class B	0.06%	10,867	$772K	Reduce -17.6%
IWB iShares Russell 1000 ETF	0.06%	2,197	$746K	Reduce -1.6%
IWP iShares Russell Mid-Cap Grow	0.06%	5,187	$719K	Reduce -0.5%
WELL Welltower Inc.	0.06%	4,496	$691K	Add +2.8%
ITOT iShares Core S&P Total U.S.	0.05%	5,030	$679K	Add +8.8%
XPEBX Amg Pantheon Fund LLC-Broke	0.05%	25,875	$671K	Add +8.3%
DE Deere & Co.	0.05%	1,307	$665K	Add +0.1%
TXN Texas Instruments Inc.	0.05%	3,188	$662K	Add +9.1%
HYD Vaneck High Yield Muni ETF	0.05%	13,166	$661K	Add +36.5%
BX Blackstone Inc.	0.05%	4,415	$660K	Add +4.6%
VGT Vanguard Info Tech ETF	0.05%	988	$655K	New
DFAS Dimensional US Small Cap ETF	0.05%	9,950	$634K	New
NEAR iShares SH Dba ETF Usd Inc.	0.05%	12,114	$619K	Add +9.1%
IQV Iqvia Holdings Inc.	0.05%	3,918	$617K	Reduce -88.5%
TSLA Tesla Inc.	0.05%	1,934	$614K	Add +26.1%
PEG Public Service Enterprise GP	0.05%	7,239	$609K	Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US	0.05%	1,988	$604K	Add +3.7%
NVS Novartis AG-Sponsored ADR	0.05%	4,855	$588K	Reduce -1.1%
MS Morgan Stanley	0.05%	4,123	$581K	Add +7.6%
AMAT Applied Materials Inc.	0.05%	3,143	$575K	Add +11.1%
NFLX Netflix Inc.	0.05%	426	$571K	Add +19.7%
UNH Unitedhealth Group Inc.	0.05%	1,811	$565K	Reduce -0.2%
IWF iShares Russell 1000 Growth	0.04%	1,325	$563K	No change
IWR iShares Russell Mid-Cap ETF	0.04%	5,995	$551K	No change
TSM Taiwan Semiconductor-SP ADR	0.04%	2,374	$538K	Reduce -21.4%
PLTR Palantir Technologies Inc. Class A	0.04%	3,905	$532K	New
APD Air Products & Chemicals Inc.	0.04%	1,880	$530K	Reduce -27.4%
LMT Lockheed Martin Corp.	0.04%	1,124	$521K	Reduce -14.6%
HEFA Isha Curr Hedged MSCI Eafe	0.04%	13,351	$507K	Reduce -13.2%
HSY The Hershey Co.	0.04%	2,898	$481K	Reduce -0.2%
ADI Analog Devices Inc.	0.04%	1,925	$458K	Reduce -4.8%
GE General Electric filed as GE AEROSPACE	0.04%	1,763	$454K	Add +14.6%
MRK Merck & Co. Inc.	0.04%	5,665	$448K	Reduce -7.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.03%	9,207	$436K	Add +32.8%
ISRG Intuitive Surgical Inc.	0.03%	799	$434K	Reduce -0.8%
TRV The Travelers Cos Inc.	0.03%	1,594	$427K	Add +9.4%
LIN Linde PLC	0.03%	903	$424K	Add +12.7%
IWV iShares Russell 3000 ETF	0.03%	1,204	$423K	Reduce -2.8%
CEG Constellation Energy	0.03%	1,309	$422K	Add +10.8%
SWDR Starwood Real Estate in Class I	0.03%	18,324	$383K	Add +0.7%
SBUX Starbucks Corp.	0.03%	4,084	$374K	Reduce -1.4%
MA Mastercard Inc. Class A	0.03%	664	$373K	Add +28.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.03%	1,322	$370K	Reduce -3.5%
NXPI NXP Semiconductors NV	0.03%	1,595	$348K	Reduce -14.1%
XLE SS Energy Select Sector	0.03%	4,050	$343K	Reduce -14.7%
DFAC Dimensional US Core Equity 2	0.03%	9,490	$340K	Reduce -1.7%
VZ Verizon Communications Inc.	0.03%	7,807	$338K	Reduce -12.2%
ICE Intercontinental Exchange Inc.	0.03%	1,831	$336K	Reduce -3.0%
IVW iShares S&P 500 Growth ETF	0.03%	3,021	$333K	No change
T AT&T Inc.	0.03%	11,392	$330K	Reduce -4.2%
TER Teradyne Inc.	0.03%	3,633	$327K	Reduce -27.0%
CRM Salesforce Inc.	0.03%	1,180	$322K	Add +8.4%
XLV SS Health Care Select Sector	0.02%	2,239	$302K	No change
EXPD Expeditors Intl Wash Inc.	0.02%	2,612	$298K	Reduce -14.1%
EGP Eastgroup Properties Inc.	0.02%	1,759	$294K	Reduce -0.1%
CVS CVS Health Corp.	0.02%	4,226	$292K	Reduce -19.5%
SO The Southern Co.	0.02%	3,141	$288K	Reduce -10.7%
SPHQ Invesco S&P 500 Quality ETF	0.02%	3,989	$284K	Add +5.3%
SONY Sony Group Corp. - SP ADR	0.02%	10,661	$278K	Reduce -15.7%
VIG Vanguard Dividend Apprec ETF	0.02%	1,341	$275K	Reduce -4.0%
PFE Pfizer Inc.	0.02%	11,290	$274K	Reduce -8.3%
SILA REALTY TRUST INC CL	0.02%	32,862	$270K	No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.02%	903	$266K	New
BKLN Invesco Senior Loan ETF	0.02%	12,386	$259K	No change
RVTY Revvity Inc.	0.02%	2,658	$257K	Reduce -0.8%
ADBE Adobe Inc.	0.02%	660	$255K	Reduce -96.2%
MOAT Vaneck Morningstar Wide Moat	0.02%	2,719	$255K	Reduce -20.0%
IJH iShares Core S&P Midcap ETF	0.02%	4,091	$254K	New
LOW Lowe's Cos Inc.	0.02%	1,128	$250K	New
USB US Bancorp	0.02%	5,467	$247K	New
CB Chubb Ltd.	0.02%	841	$244K	Add +3.7%
MDLZ Mondelez International Inc. Class A	0.02%	3,571	$241K	Add +10.7%
NOBL Proshares S&P 500 Dividend A	0.02%	2,339	$236K	Add +0.1%
ZNGRIX Nuveen Global Cities REIT-I	0.02%	20,343	$234K	Add +12.5%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.02%	224	$233K	No change
SRE Sempra	0.02%	3,062	$232K	Add +0.3%
NSC Norfolk Southern Corp.	0.02%	903	$231K	Reduce -0.1%
MDY State Street SPDR S&P Midcap	0.02%	395	$224K	No change
DUK Duke Energy Corp.	0.02%	1,884	$222K	Add +6.7%
GEV GE Vernova Inc.	0.02%	409	$216K	New
DGX Quest Diagnostics Inc.	0.02%	1,198	$215K	Add +0.1%
XPO Xpo Inc.	0.02%	1,688	$213K	New
NAC Nuveen Ca QLTY Muni Inc.	0.02%	19,000	$212K	No change
RSP Invesco S&P 500 Equal Weight	0.02%	1,166	$212K	Reduce -4.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.02%	1,692	$209K	New
FCNCA First Citizens Bcshs Class A	0.02%	106	$207K	New
PALLADIUS	0.02%	206,954	$207K	Reduce -2.4%
CAH Cardinal Health Inc.	0.02%	1,204	$202K	New
TPG TWIN BROOK	0.02%	7,908	$200K	New
CEV Eaton Vance Ca Muni Inc. TRST	0.02%	20,000	$194K	No change
ARCHWAY REAL ESTATE INCOME FUND	0.01%	149,772	$150K	Reduce -16.5%
PARTNERS GROUP PRIVATE EQUITY	0.01%	44,668	$99K	No change
AGP	0.01%	69,449	$69K	No change
ARTEMIS	0.01%	63,736	$64K	Reduce -27.8%
BLGO Biolargo Inc.	0.00%	117,838	$24K	No change
CSDT Cascade Technologies Corp.	0.00%	50,000	$2K	No change
ROMVL Redwood Mortgage Investors V	0.00%	33,905	$1	Reduce -12.7%
TRCNF Transnational Cannabis Ltd.	0.00%	50,000	$0	No change

Other holdings (7): bonds, preferreds, convertibles and warrants · $877K (not counted above)

Security	Class	Shares / Principal	Value	Change
EPD Enterprise Products Partners	COM · principal	10,201	$316K	No change
OAKHURST INCOME FUND	PARTNERSHIPS · principal	141,356	$141K	Reduce -18.1%
PALLADIUS INCOME FUND	PARTNERSHIPS · principal	136,949	$137K	Reduce -5.9%
WESTRIDGE LENDING FUND	PARTNERSHIPS · principal	127,000	$127K	No change
OAKHURST INCOME FUND	PARTNERSHIPS · principal	58,580	$59K	No change
MANDALAY INCOME FUND	PARTNERSHIPS · principal	50,000	$50K	No change
OAKHURST OPPORTUNITY LENDING	PARTNERSHIPS · principal	46,460	$46K	No change

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q1 2025 → Q2 2025


AAPL Apple Inc.	Reduce -7.8%	4.63%	−1.63
IVV iShares Core S&P 500 ETF	Reduce -77.4%	0.31%	−1.11
LLY Eli Lilly & Co.	Reduce -10.5%	1.73%	−0.63
ADBE Adobe Inc.	Reduce -96.2%	0.02%	−0.60
C Citigroup Inc.	Reduce -42.1%	0.77%	−0.51
IQV Iqvia Holdings Inc.	Reduce -88.5%	0.05%	−0.50
AMLP Alerian MLP ETF	Reduce -6.5%	1.49%	−0.46
FAF First American Financial	Reduce 0.0%	1.70%	−0.39
GS Goldman Sachs Group Inc.	Reduce -43.3%	0.66%	−0.38
VRTX Vertex Pharmaceuticals Inc.	Reduce -33.3%	0.40%	−0.36
BSX Boston Scientific Corp.	Reduce -24.6%	0.69%	−0.30
TMO Thermo Fisher Scientific Inc.	Reduce -1.0%	0.68%	−0.29
IAU iShares Gold Trust	Reduce -5.6%	1.66%	−0.25
PWZ Invesco California Amt-Free	Reduce -19.3%	0.49%	−0.22
VMBS Vanguard Mortgage-Backed Sec	Reduce -14.9%	0.62%	−0.22
EFG iShares MSCI Eafe Growth ETF	Reduce -44.2%	0.25%	−0.21
VNQ Vanguard Real Estate ETF	Reduce -47.8%	0.16%	−0.20
TSN Tyson Foods Inc. Class A	Reduce -1.1%	0.58%	−0.19
VCIT Vanguard Int-Term Corporate	Reduce -7.9%	0.79%	−0.19
CMS CMS Energy Corp.	Reduce -0.6%	0.70%	−0.18
MTBA Simplify MBS ETF	Reduce -9.9%	0.59%	−0.17
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -18.1%	0.52%	−0.14
EEM iShares MSCI Emerging Market	Reduce -13.8%	0.46%	−0.10
SUB iShares Short-Term National	Reduce -6.1%	0.38%	−0.08
SLB SLB Ltd.	Sold out	0.00%	−0.07
VTIP Vanguard Short-Term Tips	Reduce -7.4%	0.31%	−0.07
MBB iShares MBS ETF	Reduce -0.6%	0.44%	−0.07
WMT Walmart Inc.	Reduce -1.3%	1.42%	−0.07
VTEB Vanguard Tax-Exempt Bond ETF	Reduce -2.6%	0.30%	−0.06
PSX Phillips 66	Sold out	0.00%	−0.06
AGG iShares Core U.S. Aggregate	Reduce -1.2%	0.35%	−0.06
KO The Coca-Cola Co.	Reduce -7.4%	0.22%	−0.06
BND Vanguard Total Bond Market	Sold out	0.00%	−0.06
LRCX Lam Research Corp.	Reduce -30.2%	0.24%	−0.06
UNH Unitedhealth Group Inc.	Reduce -0.2%	0.05%	−0.04
BLK BlackRock Inc.	Reduce -0.1%	1.00%	−0.04
XCOR Fundx ETF	Sold out	0.00%	−0.04
VONV Vanguard Russell 1000 Value	Sold out	0.00%	−0.03
XYL Xylem Inc.	Reduce -1.1%	0.46%	−0.03
NVO Novo-Nordisk A/S-Spons ADR	Reduce -12.2%	0.10%	−0.03
RWR SS SPDR Dow Jones REIT ETF	Sold out	0.00%	−0.03
SHEL Shell PLC-ADR	Sold out	0.00%	−0.03
HON Honeywell International Inc.	Reduce -9.9%	0.17%	−0.03
APD Air Products & Chemicals Inc.	Reduce -27.4%	0.04%	−0.03
ZTS Zoetis Inc.	Reduce -10.7%	0.07%	−0.03
BIV Vanguard Intermediate-Term B	Sold out	0.00%	−0.03
CMCSA Comcast Corp. Class A	Reduce -14.0%	0.06%	−0.02
JNJ Johnson & Johnson	Reduce -2.3%	0.08%	−0.02
BMY Bristol-Myers Squibb Co.	Sold out	0.00%	−0.02
ACGL Arch Capital Group Ltd.	Sold out	0.00%	−0.02

Portfolio Buys Q1 2025 → Q2 2025


NVDA Nvidia Corp.	Add +23.3%	3.56%	+1.28
VOE Vngrd Mrngstr MD-Cap Val ETF	Add +348.7%	1.46%	+1.10
EFV iShares MSCI Eafe Value ETF	Add +49.0%	3.85%	+1.09
JIG JPMorgan International Growt	New	1.01%	+1.01
SHY iShares 1-3 Year Treasury Bo	New	0.80%	+0.80
IGF iShares Global Infrastructur	Add +4116.5%	0.78%	+0.76
MSFT Microsoft Corp.	Add +0.0%	5.42%	+0.71
AVGO Broadcom Inc.	Add +48.6%	1.34%	+0.71
ILF iShares Latin America 40 ETF	New	0.61%	+0.61
CHTR Charter Communications Inc. Class A	New	0.51%	+0.51
JPRE JPMorgan Realty Income ETF	New	0.38%	+0.38
JPIB JPMorgan Intl BND ETF	New	0.34%	+0.34
DIS The Walt Disney Co.	Add +244.2%	0.46%	+0.34
PYLD PIMCO Multisector Bond Actv	Add +69.7%	0.99%	+0.32
BNY Bank of New York Mellon Corp.	Add +78.0%	0.74%	+0.30
FIS Fidelity National Info Serv	New	0.30%	+0.30
JPM JPMorgan Chase & Co.	Add +13.9%	1.75%	+0.25
IEI iShares 3-7 Year Treasury Bo	Add +38.8%	1.40%	+0.25
SPLV Invesco S&P 500 Low Volatili	New	0.25%	+0.25
META Meta Platforms Inc. Class A	Add +0.1%	1.77%	+0.18
VICI Vici Properties Inc.	Add +51.1%	0.75%	+0.18
PGR Progressive Corp.	Add +50.6%	0.82%	+0.15
VYM Vanguard High DVD Yield ETF	New	0.09%	+0.09
JCI Johnson Controls Internation	Add +2.1%	0.44%	+0.06
VGT Vanguard Info Tech ETF	New	0.05%	+0.05
DFAS Dimensional US Small Cap ETF	New	0.05%	+0.05
VEU Vanguard Ftse All-World Ex-U	Add +25.9%	0.28%	+0.05
ASML ASML Holding NV-NY Reg SHS	Add +4.1%	0.55%	+0.05
PLTR Palantir Technologies Inc. Class A	New	0.04%	+0.04
MPWR Monolithic Power Systems Inc.	Add +2.8%	0.37%	+0.04
VUG Vanguard Mrngstar GR ETF-Sui	Add +3.8%	0.58%	+0.04
VGSH Vanguard Short-Term Treasury	Add +31.3%	0.23%	+0.03
VOO Vanguard S&P 500 ETF	Add +10.2%	0.47%	+0.03
LQD Ishr Ibx Usd Invgd CB ETF-Ui	Add +18.8%	0.65%	+0.02
IBM Intl Business Machines Corp.	New	0.02%	+0.02
IJH iShares Core S&P Midcap ETF	New	0.02%	+0.02
LOW Lowe's Cos Inc.	New	0.02%	+0.02
USB US Bancorp	New	0.02%	+0.02
GEV GE Vernova Inc.	New	0.02%	+0.02
XPO Xpo Inc.	New	0.02%	+0.02
TJX TJX Companies Inc.	New	0.02%	+0.02
FCNCA First Citizens Bcshs Class A	New	0.02%	+0.02
CAH Cardinal Health Inc.	New	0.02%	+0.02
TPG TWIN BROOK	New	0.02%	+0.02
PM Philip Morris International	Add +2.3%	0.84%	+0.02
NFLX Netflix Inc.	Add +19.7%	0.05%	+0.01
EFA iShares MSCI Eafe ETF	Add +15.2%	0.16%	+0.01
TSLA Tesla Inc.	Add +26.1%	0.05%	+0.01
TTWO Take-Two Interactive Softwre	Add +0.5%	0.57%	+0.01
CEG Constellation Energy	Add +10.8%	0.03%	+0.01

Notes & Other Activity Q1 2025 → Q2 2025


OAKHURST INCOME FUND	PARTNERSHIPS · principal	Reduce -18.1%	141,356	$141K
PALLADIUS INCOME FUND	PARTNERSHIPS · principal	Reduce -5.9%	136,949	$137K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	300	$1.7B	AAPL, MSFT, NVDA, EFV, GOOGL
Q1 2026	283	$1.5B	AAPL, MSFT, NVDA, EFV, GOOGL
Q4 2025	280	$1.5B	AAPL, MSFT, NVDA, EFV, AMZN
Q3 2025	251	$1.4B	AAPL, MSFT, NVDA, EFV, AMZN
Q2 2025	239	$1.3B	MSFT, AAPL, EFV, NVDA, AMZN
Q1 2025	232	$1.1B	AAPL, MSFT, AMZN, VTV, EFV
Q4 2024	222	$1.0B	AAPL, AMZN, MSFT, VTV, NVDA
Q3 2024	218	$1.0B	AAPL, MSFT, AMZN, VTV, LLY
Q2 2024	204	$997.1M	AAPL, MSFT, AMZN, NVDA, GOOGL
Q1 2024	210	$953.4M	MSFT, AAPL, AMZN, AMLP, GOOGL