Fortis Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Fortis Capital Management LLC reported 171 stock positions worth $642.0 million. Its top holding was Microsoft (MSFT) at 23.6% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 4.6%) and Amazon.com (AMZN, 3.3%). Compared with Q1 2025, it opened 30 new positions, sold out of 13, added to 81 and reduced 43. The biggest buy was a new position in Janus Henderson Aaa Clo ETF (JAAA) and the biggest sale Schwab U.S. Tips ETF (SCHP, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- BELLEVUE, WA
- CIK
- 0001802167
- Portfolio Value
- $642.0M (Q2 2025)
- SEC Filing
- 0001398344-25-015085 ↗ filed Aug 12, 2025
Holdings Value
Holdings 171 stocks · $642.0M
| MSFT Microsoft Corp. | 23.60% | 304,560 | $151.5M | Add +1.1% |
| SCHX Schwab US Large-Cap ETF | 4.58% | 1,203,290 | $29.4M | Add +4.5% |
| AMZN Amazon.com Inc. | 3.29% | 96,168 | $21.1M | Add +15.0% |
| NVDA Nvidia Corp. | 3.26% | 132,624 | $21.0M | Add +11.6% |
| AAPL Apple Inc. | 2.13% | 66,556 | $13.7M | Add +23.0% |
| META Meta Platforms Inc. Class A | 2.10% | 18,308 | $13.5M | Add +26.6% |
| NFLX Netflix Inc. | 2.10% | 10,050 | $13.5M | Add +0.1% |
| AVGO Broadcom Inc. | 2.09% | 48,590 | $13.4M | Add +6.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.89% | 229,405 | $12.1M | Reduce -7.9% |
| GOOG Alphabet Inc. Class C | 1.87% | 67,661 | $12.0M | Add +8.2% |
| JAAA Janus Henderson Aaa Clo ETF | 1.76% | 222,138 | $11.3M | New |
| GLD SPDR Gold Shares | 1.75% | 36,919 | $11.3M | Reduce -6.4% |
| SCHM Schwab US Mid Cap ETF | 1.59% | 364,647 | $10.2M | Add +6.0% |
| MELI MercadoLibre Inc. | 1.36% | 3,340 | $8.7M | Add +4.5% |
| CORP PIMCO Inv Grade Corp. BD ETF | 1.34% | 88,715 | $8.6M | Reduce -20.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.31% | 37,073 | $8.4M | Add +23.5% |
| TSLA Tesla Inc. | 1.28% | 25,897 | $8.2M | Add +1.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.27% | 65,863 | $8.2M | Add +29.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.18% | 38,886 | $7.6M | Add +0.2% |
| SRLN SS Blackstone Sr Loan ETF | 1.18% | 182,077 | $7.6M | Reduce -3.6% |
| SHOP Shopify Inc. Class A | 1.17% | 64,888 | $7.5M | Add +15.9% |
| ANET Arista Networks Inc. | 1.16% | 73,015 | $7.5M | Add +23.6% |
| V Visa Inc. Class A | 1.14% | 20,630 | $7.3M | Add +8.3% |
| PANW Palo Alto Networks Inc. | 1.13% | 35,456 | $7.3M | Add +17.7% |
| NOW ServiceNow Inc. | 1.12% | 7,013 | $7.2M | Add +7.4% |
| MA Mastercard Inc. Class A | 1.08% | 12,371 | $7.0M | Add +7.8% |
| UBER Uber Technologies Inc. | 1.05% | 72,177 | $6.7M | New |
| TMUS T-Mobile US Inc. | 1.02% | 27,488 | $6.5M | Add +39.7% |
| CRM Salesforce Inc. | 1.01% | 23,765 | $6.5M | Add +53.0% |
| PGR Progressive Corp. | 1.00% | 24,137 | $6.4M | Add +1717.5% |
| FICO Fair Isaac Corp. | 1.00% | 3,518 | $6.4M | Add +9.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.99% | 13,090 | $6.4M | Add +9.8% |
| RMD Resmed Inc. | 0.98% | 24,465 | $6.3M | Add +5.6% |
| CHTR Charter Communications Inc. Class A | 0.96% | 15,150 | $6.2M | Add +6.7% |
| DHI D.R. Horton Inc. | 0.95% | 47,535 | $6.1M | Add +26.8% |
| ADSK Autodesk Inc. | 0.94% | 19,551 | $6.1M | Add +7.2% |
| ADBE Adobe Inc. | 0.89% | 14,756 | $5.7M | Add +46.3% |
| CPRT Copart Inc. | 0.85% | 111,779 | $5.5M | Add +26.5% |
| MSCI MSCI Inc. | 0.84% | 9,321 | $5.4M | Add +7.9% |
| SCHF Schwab Intl Equity ETF | 0.72% | 209,305 | $4.6M | Add +2.5% |
| SCHA Schwab US Small-Cap ETF | 0.72% | 182,064 | $4.6M | Reduce -1.6% |
| QUAL iShares MSCI USA Quality Fac | 0.70% | 24,602 | $4.5M | Add +0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.68% | 47,897 | $4.4M | Reduce -32.9% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.68% | 144,662 | $4.4M | Add +1.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.62% | 49,504 | $4.0M | Reduce -12.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.59% | 54,720 | $3.8M | Reduce -0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.57% | 6,609 | $3.6M | New |
| COWZ Pacer US Cash Cows 100 ETF | 0.49% | 57,037 | $3.1M | Add +0.5% |
| VCIT Vanguard Int-Term Corporate | 0.48% | 37,369 | $3.1M | Add +1.2% |
| IVV iShares Core S&P 500 ETF | 0.47% | 4,862 | $3.0M | Add +0.2% |
| IHDG Wisdomtree International Hed | 0.46% | 66,233 | $3.0M | Reduce -3.4% |
| VOO Vanguard S&P 500 ETF | 0.44% | 4,931 | $2.8M | Add +54.0% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.42% | 111,356 | $2.7M | Reduce -6.9% |
| SCHD Schwab US DVD Equity ETF | 0.41% | 100,078 | $2.7M | Reduce -6.0% |
| MARW Alianzim US Eq BFR20 Mar-Usd | 0.39% | 77,654 | $2.5M | No change |
| PFXF Vaneck Pref Sec X-Financials | 0.39% | 144,914 | $2.5M | Reduce -20.8% |
| COST Costco Wholesale Corp. | 0.31% | 1,991 | $2.0M | Add +33.5% |
| GOOGL Alphabet Inc. Class A | 0.29% | 10,598 | $1.9M | Add +88.2% |
| IBDR iShares Ibonds Dec 2026 Term | 0.28% | 75,207 | $1.8M | Reduce -12.2% |
| GSST Goldman Sachs Ultra Short Bo | 0.28% | 35,571 | $1.8M | Add +13.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 6,038 | $1.7M | Reduce -5.5% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.25% | 31,893 | $1.6M | Reduce -44.4% |
| AVUV Avantis US Small Cap Value | 0.25% | 17,804 | $1.6M | Reduce -0.3% |
| AMD Advanced Micro Devices | 0.25% | 11,171 | $1.6M | Add +50.5% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.25% | 62,321 | $1.6M | Reduce -11.2% |
| RWJ Invesco S&P Smallcap 600 | 0.24% | 35,047 | $1.5M | Reduce -8.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.22% | 17,666 | $1.4M | Reduce -12.7% |
| VWO Vanguard Ftse Emerging Marke | 0.21% | 27,785 | $1.4M | Add +374.6% |
| JBBB Janus Henderson B-BBB Clo Et | 0.21% | 27,900 | $1.3M | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.18% | 4,098 | $1.2M | Reduce -1.9% |
| AGZ iShares Agency Bond ETF | 0.17% | 9,943 | $1.1M | Reduce -56.8% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.16% | 41,615 | $1.0M | Reduce -7.8% |
| BA The Boeing Co. | 0.16% | 4,923 | $1.0M | Reduce -28.1% |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 7,525 | $1.0M | Add +5.3% |
| ORCL Oracle Corp. | 0.15% | 4,515 | $987K | Add +11.1% |
| GBTC Grayscale Bitcoin Trust ETF | 0.15% | 11,248 | $954K | Add +2.5% |
| HD Home Depot Inc. | 0.15% | 2,586 | $948K | Add +19.8% |
| ABBV Abbvie Inc. | 0.14% | 5,015 | $931K | Add +14.1% |
| ABNB Airbnb Inc. Class A | 0.14% | 6,839 | $905K | Add +0.2% |
| SPGI S&P Global Inc. | 0.14% | 1,673 | $882K | Add +12.6% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.14% | 17,431 | $882K | Add +0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 2,869 | $846K | Add +11.2% |
| SCHP Schwab U.S. Tips ETF | 0.13% | 30,570 | $816K | Reduce -86.1% |
| JNJ Johnson & Johnson | 0.13% | 5,257 | $803K | Add +13.5% |
| MSI Motorola Solutions Inc. | 0.12% | 1,851 | $778K | Reduce -0.2% |
| FEBW Alianzim US Eq BFR20 Feb-Usd | 0.12% | 23,299 | $744K | No change |
| APRW Allinzim US Eq BFR20 Apr-Usd | 0.12% | 22,308 | $744K | New |
| MCO Moody's Corp. | 0.12% | 1,478 | $741K | Reduce -76.1% |
| IBIT iShares Bitcoin Trust ETF | 0.11% | 11,587 | $709K | No change |
| DSI iShares ESG MSCI KLD 400 ETF | 0.11% | 5,988 | $696K | Add +0.2% |
| JPM JPMorgan Chase & Co. | 0.10% | 2,322 | $673K | Add +170.0% |
| ET Energy Transfer LP | 0.10% | 36,501 | $662K | Add +2.6% |
| GDX Vaneck Gold Miners ETF | 0.10% | 12,687 | $661K | Add +2.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.10% | 2,644 | $627K | Add +61.7% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.10% | 11,441 | $610K | Add +1.2% |
| ORLY O'reilly Automotive Inc. | 0.09% | 6,670 | $601K | Reduce -11.6% |
| AMGN Amgen Inc. | 0.09% | 2,149 | $600K | Add +22.4% |
| IBDU iShares Ibonds Dec 2029 Term | 0.09% | 25,272 | $590K | Reduce -27.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 1,916 | $582K | Reduce -0.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 1,316 | $577K | No change |
Options reported separately and not counted above: BROADCOM INC puts ($469K).
Portfolio Sells Q1 2025 → Q2 2025
| SCHP Schwab U.S. Tips ETF | Reduce -86.1% | 0.13% | −1.02 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -20.8% | 1.34% | −0.76 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -7.9% | 1.89% | −0.65 |
| SUSB iShares ESG Aware 1-5 Year U | Sold out | 0.00% | −0.63 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -32.9% | 0.68% | −0.59 |
| INVESCO QQQ TR | Sold out | 0.00% | −0.58 |
| GLD SPDR Gold Shares | Reduce -6.4% | 1.75% | −0.46 |
| MCO Moody's Corp. | Reduce -76.1% | 0.12% | −0.44 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -3.6% | 1.18% | −0.33 |
| AGZ iShares Agency Bond ETF | Reduce -56.8% | 0.17% | −0.32 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Reduce -44.4% | 0.25% | −0.26 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -12.7% | 0.62% | −0.25 |
| PFXF Vaneck Pref Sec X-Financials | Reduce -20.8% | 0.39% | −0.21 |
| SCHD Schwab US DVD Equity ETF | Reduce -6.0% | 0.41% | −0.17 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.8% | 0.59% | −0.16 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -6.9% | 0.42% | −0.14 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.6% | 0.72% | −0.13 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -12.2% | 0.28% | −0.12 |
| IHDG Wisdomtree International Hed | Reduce -3.4% | 0.46% | −0.11 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -11.2% | 0.25% | −0.10 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.10 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -12.7% | 0.22% | −0.09 |
| SCCO Southern Copper Corp. | Reduce -63.8% | 0.04% | −0.08 |
| FCX Freeport-McMoran Inc. | Reduce -62.5% | 0.04% | −0.08 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -47.0% | 0.06% | −0.07 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.07 |
| RWJ Invesco S&P Smallcap 600 | Reduce -8.8% | 0.24% | −0.07 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.07 |
| BA The Boeing Co. | Reduce -28.1% | 0.16% | −0.07 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.06 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -27.0% | 0.09% | −0.06 |
| XLC SS Comm Select Sector SPDR | Reduce -37.4% | 0.08% | −0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -5.5% | 0.26% | −0.06 |
| IBDW iShares Ibonds Dec 2031 Corp. | Reduce -35.0% | 0.06% | −0.06 |
| IBDV iShares Ibonds Dec 2030 Corp. | Reduce -34.9% | 0.06% | −0.06 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -7.8% | 0.16% | −0.06 |
| CLOZ Eldridge BBB-B Clo ETF | Sold out | 0.00% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.05 |
| AVUV Avantis US Small Cap Value | Reduce -0.3% | 0.25% | −0.05 |
| ORLY O'reilly Automotive Inc. | Reduce -11.6% | 0.09% | −0.05 |
| DUOL Duolingo | Sold out | 0.00% | −0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -45.7% | 0.03% | −0.04 |
| MSI Motorola Solutions Inc. | Reduce -0.2% | 0.12% | −0.04 |
| NVR NVR Inc. | Reduce -11.5% | 0.09% | −0.03 |
| AON Aon PLC Class A | Reduce -5.0% | 0.07% | −0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -1.9% | 0.18% | −0.03 |
| IVW iShares S&P 500 Growth ETF | Reduce -37.1% | 0.04% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -19.2% | 0.04% | −0.02 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| JAAA Janus Henderson Aaa Clo ETF | New | 1.76% | +1.76 |
| MSFT Microsoft Corp. | Add +1.1% | 23.60% | +1.60 |
| UBER Uber Technologies Inc. | New | 1.05% | +1.05 |
| PGR Progressive Corp. | Add +1717.5% | 1.00% | +0.93 |
| NVDA Nvidia Corp. | Add +11.6% | 3.26% | +0.76 |
| AVGO Broadcom Inc. | Add +6.3% | 2.09% | +0.60 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.57% | +0.57 |
| META Meta Platforms Inc. Class A | Add +26.6% | 2.10% | +0.48 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.5% | 1.31% | +0.34 |
| DIS The Walt Disney Co. | Add +29.5% | 1.27% | +0.30 |
| NFLX Netflix Inc. | Add +0.1% | 2.10% | +0.27 |
| ANET Arista Networks Inc. | Add +23.6% | 1.16% | +0.27 |
| JBBB Janus Henderson B-BBB Clo Et | New | 0.21% | +0.21 |
| CRM Salesforce Inc. | Add +53.0% | 1.01% | +0.20 |
| AMZN Amazon.com Inc. | Add +15.0% | 3.29% | +0.19 |
| VWO Vanguard Ftse Emerging Marke | Add +374.6% | 0.21% | +0.16 |
| MELI MercadoLibre Inc. | Add +4.5% | 1.36% | +0.15 |
| ADBE Adobe Inc. | Add +46.3% | 0.89% | +0.14 |
| PANW Palo Alto Networks Inc. | Add +17.7% | 1.13% | +0.13 |
| SHOP Shopify Inc. Class A | Add +15.9% | 1.17% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +88.2% | 0.29% | +0.12 |
| VOO Vanguard S&P 500 ETF | Add +54.0% | 0.44% | +0.12 |
| APRW Allinzim US Eq BFR20 Apr-Usd | New | 0.12% | +0.12 |
| NOW ServiceNow Inc. | Add +7.4% | 1.12% | +0.11 |
| AMD Advanced Micro Devices | Add +50.5% | 0.25% | +0.10 |
| CMG Chipotle Mexican Grill Inc. | New | 0.08% | +0.08 |
| SBUX Starbucks Corp. | New | 0.07% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +170.0% | 0.10% | +0.06 |
| JNK SS SPDR BB High Yield Bond | New | 0.06% | +0.06 |
| EFA iShares MSCI Eafe ETF | New | 0.06% | +0.06 |
| VGT Vanguard Info Tech ETF | New | 0.06% | +0.06 |
| VEEV Veeva Systems Inc. Class A | New | 0.06% | +0.06 |
| SFNC Simmons First Natl Corp. Class A | New | 0.05% | +0.05 |
| IAU iShares Gold Trust | New | 0.05% | +0.05 |
| XOM Exxon Mobil Corp. | New | 0.05% | +0.05 |
| ORCL Oracle Corp. | Add +11.1% | 0.15% | +0.04 |
| NET Cloudflare Inc. Class A | New | 0.04% | +0.04 |
| INTU Intuit Inc. | New | 0.04% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +5.3% | 0.16% | +0.04 |
| ETN Eaton Corp. PLC | New | 0.04% | +0.04 |
| SPOT Spotify Technology SA | New | 0.04% | +0.04 |
| MU Micron Technology Inc. | New | 0.04% | +0.04 |
| ZS Zscaler Inc. | New | 0.04% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.04% | +0.04 |
| MNDY Monday.com Ltd. | New | 0.04% | +0.04 |
| PODD Insulet Corp. | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | New | 0.03% | +0.03 |
| DDOG Datadog Inc. Class A | New | 0.03% | +0.03 |
| WMT Walmart Inc. | New | 0.03% | +0.03 |
Options Activity Q1 2025 → Q2 2025
| BROADCOM INC | put | New | 1,700 | $469K |
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 |