Fortis Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Fortis Capital Management LLC reported 154 stock positions worth $514.2 million. Its top holding was Microsoft (MSFT) at 22.0% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 4.9%) and Amazon.com (AMZN, 3.1%). Compared with Q4 2024, it opened 31 new positions, sold out of 10, added to 64 and reduced 49. The biggest buy was a new position in Resmed (RMD) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BELLEVUE, WA
- CIK
- 0001802167
- Portfolio Value
- $514.2M (Q1 2025)
- SEC Filing
- 0001398344-25-009073 ↗ filed May 9, 2025
Holdings Value
Holdings 154 stocks · $514.2M
| MSFT Microsoft Corp. | 21.99% | 301,259 | $113.1M | Reduce -0.6% |
| SCHX Schwab US Large-Cap ETF | 4.94% | 1,151,312 | $25.4M | Reduce -6.6% |
| AMZN Amazon.com Inc. | 3.09% | 83,625 | $15.9M | Add +4.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 2.54% | 249,004 | $13.0M | Reduce -5.9% |
| NVDA Nvidia Corp. | 2.51% | 118,881 | $12.9M | Add +2.0% |
| AAPL Apple Inc. | 2.34% | 54,110 | $12.0M | Add +1.8% |
| GLD SPDR Gold Shares | 2.21% | 39,441 | $11.4M | Add +17.9% |
| CORP PIMCO Inv Grade Corp. BD ETF | 2.11% | 112,016 | $10.8M | Reduce -20.0% |
| GOOG Alphabet Inc. Class C | 1.90% | 62,523 | $9.8M | Add +5.3% |
| NFLX Netflix Inc. | 1.82% | 10,045 | $9.4M | Reduce -0.7% |
| SCHM Schwab US Mid Cap ETF | 1.75% | 343,847 | $9.0M | Reduce -5.9% |
| META Meta Platforms Inc. Class A | 1.62% | 14,462 | $8.3M | Add +7.0% |
| SRLN SS Blackstone Sr Loan ETF | 1.51% | 188,878 | $7.8M | Add +30.5% |
| AVGO Broadcom Inc. | 1.49% | 45,689 | $7.6M | Reduce -1.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.41% | 38,814 | $7.2M | Reduce -4.0% |
| V Visa Inc. Class A | 1.30% | 19,052 | $6.7M | Add +3.5% |
| TSLA Tesla Inc. | 1.28% | 25,405 | $6.6M | Add +5.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.27% | 71,414 | $6.6M | Add +16.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.23% | 11,916 | $6.3M | Add +3.5% |
| MA Mastercard Inc. Class A | 1.22% | 11,473 | $6.3M | Add +4.1% |
| MELI MercadoLibre Inc. | 1.21% | 3,197 | $6.2M | Add +9.8% |
| FICO Fair Isaac Corp. | 1.15% | 3,218 | $5.9M | Add +9.6% |
| SCHP Schwab U.S. Tips ETF | 1.15% | 219,568 | $5.9M | Reduce -17.4% |
| SHOP Shopify Inc. Class A | 1.04% | 55,980 | $5.3M | Add +1388.8% |
| TMUS T-Mobile US Inc. | 1.02% | 19,676 | $5.2M | Add +4.1% |
| CHTR Charter Communications Inc. Class A | 1.02% | 14,199 | $5.2M | Add +1.8% |
| NOW ServiceNow Inc. | 1.01% | 6,530 | $5.2M | Add +4.2% |
| RMD Resmed Inc. | 1.01% | 23,172 | $5.2M | New |
| PANW Palo Alto Networks Inc. | 1.00% | 30,129 | $5.1M | Add +2146.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.98% | 50,854 | $5.0M | New |
| CPRT Copart Inc. | 0.97% | 88,357 | $5.0M | Add +15.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.97% | 30,014 | $5.0M | New |
| MSCI MSCI Inc. | 0.95% | 8,639 | $4.9M | Add +5.0% |
| ADSK Autodesk Inc. | 0.93% | 18,244 | $4.8M | Add +5.5% |
| DHI D.R. Horton Inc. | 0.93% | 37,480 | $4.8M | New |
| ANET Arista Networks Inc. | 0.89% | 59,050 | $4.6M | Add +7.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.87% | 56,722 | $4.5M | Add +136.1% |
| SCHA Schwab US Small-Cap ETF | 0.84% | 185,004 | $4.3M | Reduce -21.8% |
| QUAL iShares MSCI USA Quality Fac | 0.82% | 24,549 | $4.2M | Add +0.2% |
| CRM Salesforce Inc. | 0.81% | 15,533 | $4.2M | Add +11.4% |
| SCHF Schwab Intl Equity ETF | 0.79% | 204,228 | $4.0M | Reduce -4.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.76% | 142,470 | $3.9M | Add +23.7% |
| ADBE Adobe Inc. | 0.75% | 10,085 | $3.9M | Add +5.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.75% | 55,188 | $3.8M | Add +20.3% |
| SUSB iShares ESG Aware 1-5 Year U | 0.63% | 129,780 | $3.2M | Add +90.9% |
| COWZ Pacer US Cash Cows 100 ETF | 0.60% | 56,735 | $3.1M | Add +14.3% |
| PFXF Vaneck Pref Sec X-Financials | 0.60% | 182,867 | $3.1M | Reduce -6.0% |
| VCIT Vanguard Int-Term Corporate | 0.59% | 36,931 | $3.0M | Reduce -62.3% |
| INVESCO QQQ TR | 0.58% | 6,392 | $3.0M | New |
| IHDG Wisdomtree International Hed | 0.58% | 68,567 | $3.0M | Add +29.4% |
| SCHD Schwab US DVD Equity ETF | 0.58% | 106,425 | $3.0M | Add +2.3% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.56% | 119,590 | $2.9M | Reduce -7.0% |
| MCO Moody's Corp. | 0.56% | 6,185 | $2.9M | Add +8.4% |
| IVV iShares Core S&P 500 ETF | 0.53% | 4,854 | $2.7M | Add +0.2% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.51% | 57,346 | $2.6M | Reduce -20.4% |
| AGZ iShares Agency Bond ETF | 0.49% | 23,021 | $2.5M | Add +71.3% |
| MARW Alianzim US Eq BFR20 Mar-Usd | 0.47% | 77,654 | $2.4M | New |
| IBDR iShares Ibonds Dec 2026 Term | 0.40% | 85,630 | $2.1M | Reduce -9.4% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.34% | 70,177 | $1.8M | Add +25.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.32% | 6,388 | $1.7M | Add +0.9% |
| VOO Vanguard S&P 500 ETF | 0.32% | 3,203 | $1.6M | Reduce -0.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.31% | 20,231 | $1.6M | Reduce -2.8% |
| GSST Goldman Sachs Ultra Short Bo | 0.31% | 31,358 | $1.6M | New |
| RWJ Invesco S&P Smallcap 600 | 0.30% | 38,416 | $1.6M | Add +5.3% |
| AVUV Avantis US Small Cap Value | 0.30% | 17,850 | $1.6M | Add +0.3% |
| COST Costco Wholesale Corp. | 0.27% | 1,492 | $1.4M | Reduce -75.2% |
| BA The Boeing Co. | 0.23% | 6,847 | $1.2M | Reduce -0.4% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.22% | 45,162 | $1.1M | Reduce -38.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.21% | 4,177 | $1.1M | Add +0.6% |
| ABBV Abbvie Inc. | 0.18% | 4,396 | $921K | Reduce -15.6% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.17% | 17,331 | $871K | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 0.17% | 5,630 | $871K | Add +5.6% |
| ABNB Airbnb Inc. Class A | 0.16% | 6,828 | $816K | Add +3.8% |
| MSI Motorola Solutions Inc. | 0.16% | 1,854 | $812K | Reduce -2.3% |
| IBDU iShares Ibonds Dec 2029 Term | 0.16% | 34,604 | $800K | Add +192.4% |
| HD Home Depot Inc. | 0.15% | 2,158 | $791K | Reduce -2.3% |
| JNJ Johnson & Johnson | 0.15% | 4,630 | $768K | New |
| AMD Advanced Micro Devices | 0.15% | 7,422 | $763K | Add +30.4% |
| SPGI S&P Global Inc. | 0.15% | 1,486 | $755K | Reduce -0.9% |
| ORLY O'reilly Automotive Inc. | 0.14% | 503 | $721K | Reduce -88.7% |
| GBTC Grayscale Bitcoin Trust ETF | 0.14% | 10,971 | $715K | Reduce -2.9% |
| FEBW Alianzim US Eq BFR20 Feb-Usd | 0.14% | 23,299 | $708K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 1,259 | $704K | Reduce -26.6% |
| XLC SS Comm Select Sector SPDR | 0.13% | 7,151 | $690K | Reduce -0.6% |
| ET Energy Transfer LP | 0.13% | 35,587 | $662K | Add +9.3% |
| FCX Freeport-McMoran Inc. | 0.13% | 17,142 | $649K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 2,580 | $642K | New |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.12% | 29,050 | $631K | New |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.12% | 30,381 | $630K | Reduce -55.3% |
| NVR NVR Inc. | 0.12% | 87 | $630K | Reduce -86.0% |
| SCCO Southern Copper Corp. | 0.12% | 6,728 | $629K | New |
| DSI iShares ESG MSCI KLD 400 ETF | 0.12% | 5,974 | $612K | Add +0.3% |
| PLTR Palantir Technologies Inc. Class A | 0.12% | 7,147 | $603K | Reduce -44.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.12% | 11,309 | $594K | Add +0.8% |
| PEP Pepsico Inc. | 0.11% | 3,827 | $574K | New |
| GDX Vaneck Gold Miners ETF | 0.11% | 12,442 | $572K | No change |
| ORCL Oracle Corp. | 0.11% | 4,065 | $568K | Add +1.6% |
| PG The Procter & Gamble Co. | 0.11% | 3,286 | $560K | New |
| DPZ Domino's Pizza Inc. | 0.11% | 1,194 | $548K | Reduce -18.6% |
| AMGN Amgen Inc. | 0.11% | 1,755 | $547K | Add +1.0% |
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -0.6% | 21.99% | −1.75 |
| VCIT Vanguard Int-Term Corporate | Reduce -62.3% | 0.59% | −0.88 |
| ORLY O'reilly Automotive Inc. | Reduce -88.7% | 0.14% | −0.84 |
| NVR NVR Inc. | Reduce -86.0% | 0.12% | −0.82 |
| AON Aon PLC Class A | Reduce -90.5% | 0.10% | −0.81 |
| UNH Unitedhealth Group Inc. | Reduce -90.1% | 0.10% | −0.80 |
| COST Costco Wholesale Corp. | Reduce -75.2% | 0.27% | −0.75 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.74 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.64 |
| AVGO Broadcom Inc. | Reduce -1.7% | 1.49% | −0.51 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.38 |
| SCHX Schwab US Large-Cap ETF | Reduce -6.6% | 4.94% | −0.37 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -20.0% | 2.11% | −0.37 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.32 |
| SCHA Schwab US Small-Cap ETF | Reduce -21.8% | 0.84% | −0.29 |
| PFFD Global X US Preferred ETF | Sold out | 0.00% | −0.16 |
| IBDW iShares Ibonds Dec 2031 Corp. | Reduce -55.3% | 0.12% | −0.13 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Reduce -20.4% | 0.51% | −0.13 |
| SCHM Schwab US Mid Cap ETF | Reduce -5.9% | 1.75% | −0.13 |
| SCHP Schwab U.S. Tips ETF | Reduce -17.4% | 1.15% | −0.13 |
| DFSV Dimensional US Small Cap Val | Reduce -68.9% | 0.05% | −0.13 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -38.0% | 0.22% | −0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -60.1% | 0.08% | −0.11 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.10 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -4.0% | 1.41% | −0.08 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -57.0% | 0.05% | −0.07 |
| PLTR Palantir Technologies Inc. Class A | Reduce -44.0% | 0.12% | −0.06 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -26.6% | 0.14% | −0.05 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.04 |
| ODFL Old Dominion Freight Line | Reduce -37.2% | 0.06% | −0.04 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.04 |
| PFXF Vaneck Pref Sec X-Financials | Reduce -6.0% | 0.60% | −0.03 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -9.4% | 0.40% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Reduce -8.5% | 0.11% | −0.02 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -2.9% | 0.14% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -29.0% | 0.04% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -12.1% | 0.07% | −0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -7.0% | 0.56% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -5.9% | 2.54% | −0.01 |
| DPZ Domino's Pizza Inc. | Reduce -18.6% | 0.11% | −0.01 |
| AXON Axon Enterprise Inc. | Reduce -6.5% | 0.04% | −0.01 |
| HD Home Depot Inc. | Reduce -2.3% | 0.15% | −0.01 |
| MSI Motorola Solutions Inc. | Reduce -2.3% | 0.16% | −0.01 |
| DUOL Duolingo | Reduce -6.6% | 0.04% | −0.00 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -13.3% | 0.02% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.1% | 0.10% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -0.2% | 0.32% | −0.00 |
| BA The Boeing Co. | Reduce -0.4% | 0.23% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| RMD Resmed Inc. | New | 1.01% | +1.01 |
| DIS The Walt Disney Co. | New | 0.98% | +0.98 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.97% | +0.97 |
| SHOP Shopify Inc. Class A | Add +1388.8% | 1.04% | +0.97 |
| PANW Palo Alto Networks Inc. | Add +2146.8% | 1.00% | +0.95 |
| DHI D.R. Horton Inc. | New | 0.93% | +0.93 |
| GLD SPDR Gold Shares | Add +17.9% | 2.21% | +0.70 |
| INVESCO QQQ TR | New | 0.58% | +0.58 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +136.1% | 0.87% | +0.52 |
| MARW Alianzim US Eq BFR20 Mar-Usd | New | 0.47% | +0.47 |
| SRLN SS Blackstone Sr Loan ETF | Add +30.5% | 1.51% | +0.39 |
| SUSB iShares ESG Aware 1-5 Year U | Add +90.9% | 0.63% | +0.32 |
| GSST Goldman Sachs Ultra Short Bo | New | 0.31% | +0.31 |
| MELI MercadoLibre Inc. | Add +9.8% | 1.21% | +0.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.5% | 1.23% | +0.26 |
| TMUS T-Mobile US Inc. | Add +4.1% | 1.02% | +0.24 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +16.2% | 1.27% | +0.23 |
| AGZ iShares Agency Bond ETF | Add +71.3% | 0.49% | +0.22 |
| V Visa Inc. Class A | Add +3.5% | 1.30% | +0.22 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +23.7% | 0.76% | +0.19 |
| CPRT Copart Inc. | Add +15.0% | 0.97% | +0.15 |
| IHDG Wisdomtree International Hed | Add +29.4% | 0.58% | +0.15 |
| META Meta Platforms Inc. Class A | Add +7.0% | 1.62% | +0.15 |
| JNJ Johnson & Johnson | New | 0.15% | +0.15 |
| MA Mastercard Inc. Class A | Add +4.1% | 1.22% | +0.14 |
| FEBW Alianzim US Eq BFR20 Feb-Usd | New | 0.14% | +0.14 |
| CHTR Charter Communications Inc. Class A | Add +1.8% | 1.02% | +0.13 |
| FCX Freeport-McMoran Inc. | New | 0.13% | +0.13 |
| IBM Intl Business Machines Corp. | New | 0.12% | +0.12 |
| IBDV iShares Ibonds Dec 2030 Corp. | New | 0.12% | +0.12 |
| SCCO Southern Copper Corp. | New | 0.12% | +0.12 |
| PEP Pepsico Inc. | New | 0.11% | +0.11 |
| PG The Procter & Gamble Co. | New | 0.11% | +0.11 |
| IBDU iShares Ibonds Dec 2029 Term | Add +192.4% | 0.16% | +0.11 |
| STT State Street Corp. | New | 0.09% | +0.09 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +25.3% | 0.34% | +0.09 |
| EXPD Expeditors Intl Wash Inc. | New | 0.08% | +0.08 |
| COWZ Pacer US Cash Cows 100 ETF | Add +14.3% | 0.60% | +0.08 |
| ADI Analog Devices Inc. | New | 0.08% | +0.08 |
| PGR Progressive Corp. | New | 0.07% | +0.07 |
| FICO Fair Isaac Corp. | Add +9.6% | 1.15% | +0.07 |
| TECK Teck Resources Ltd.-CLS B | New | 0.07% | +0.07 |
| MCO Moody's Corp. | Add +8.4% | 0.56% | +0.06 |
| IRM Iron Mountain Inc. | New | 0.05% | +0.05 |
| CLOZ Eldridge BBB-B Clo ETF | New | 0.05% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | New | 0.05% | +0.05 |
| SCHD Schwab US DVD Equity ETF | Add +2.3% | 0.58% | +0.05 |
| EPD Enterprise Products Partners | New | 0.05% | +0.05 |
| SCHG Schwab US Large-Cap Growth | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | New | 0.05% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| AMZN Amazon.com Inc. | put | Sold out | 13,500 | $3.0Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 235 | $889.3M | MSFT, SCHX, NVDA, AMD, AMZN |
| Q1 2026 | 206 | $747.5M | MSFT, SCHX, NVDA, AMZN, AAPL |
| Q4 2025 | 204 | $753.5M | MSFT, SCHX, NVDA, AMZN, GOOG |
| Q3 2025 | 176 | $710.3M | MSFT, SCHX, NVDA, AMZN, AAPL |
| Q2 2025 | 171 | $642.0M | MSFT, SCHX, AMZN, NVDA, AAPL |
| Q1 2025 | 154 | $514.2M | MSFT, SCHX, AMZN, IGSB, NVDA |
| Q4 2024 | 133 | $538.0M | MSFT, SCHX, AMZN, NVDA, IGSB |
| Q3 2024 | 130 | $496.5M | MSFT, SCHX, AMZN, NVDA, IGSB |
| Q2 2024 | 128 | $468.9M | MSFT, SCHX, AMZN, NVDA, IGSB |
| Q1 2024 | 117 | $381.3M | MSFT, SCHX, AMZN, IGSB, VCIT |