Fortis Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Fortis Capital Management LLC reported 204 stock positions worth $753.5 million. Its top holding was Microsoft (MSFT) at 20.3% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 4.8%) and Nvidia (NVDA, 4.1%). Compared with Q3 2025, it opened 39 new positions, sold out of 11, added to 111 and reduced 43. The biggest buy was a new position in GE Vernova (GEV) and the biggest sale MSCI (MSCI, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- BELLEVUE, WA
- CIK
- 0001802167
- Portfolio Value
- $753.5M (Q4 2025)
- SEC Filing
- 0001398344-26-003165 ↗ filed Feb 13, 2026
Holdings Value
Holdings 204 stocks · $753.5M
| MSFT Microsoft Corp. | 20.28% | 316,047 | $152.8M | Add +1.4% |
| SCHX Schwab US Large-Cap ETF | 4.78% | 1,339,853 | $36.1M | Add +5.9% |
| NVDA Nvidia Corp. | 4.08% | 164,668 | $30.7M | Add +20.6% |
| AMZN Amazon.com Inc. | 3.18% | 103,727 | $23.9M | Add +4.4% |
| GOOG Alphabet Inc. Class C | 2.59% | 62,190 | $19.5M | Reduce -9.0% |
| AAPL Apple Inc. | 2.59% | 71,669 | $19.5M | Add +1.3% |
| JAAA Janus Henderson Aaa Clo ETF | 2.12% | 315,292 | $15.9M | Add +8.3% |
| AVGO Broadcom Inc. | 2.11% | 46,002 | $15.9M | Add +2.8% |
| META Meta Platforms Inc. Class A | 1.91% | 21,798 | $14.4M | Add +14.4% |
| GLD SPDR Gold Shares | 1.88% | 35,723 | $14.2M | Reduce -1.9% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.80% | 257,065 | $13.6M | Add +6.3% |
| SCHM Schwab US Mid Cap ETF | 1.74% | 437,262 | $13.1M | Add +10.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.54% | 38,146 | $11.6M | Add +2.8% |
| TSLA Tesla Inc. | 1.53% | 25,576 | $11.5M | Add +1.0% |
| AMD Advanced Micro Devices | 1.47% | 51,806 | $11.1M | Add +6.8% |
| SHOP Shopify Inc. Class A | 1.42% | 66,587 | $10.7M | Reduce -0.2% |
| CORP PIMCO Inv Grade Corp. BD ETF | 1.42% | 109,167 | $10.7M | Add +9.3% |
| NFLX Netflix Inc. | 1.34% | 107,783 | $10.1M | Add +4.8% |
| ANET Arista Networks Inc. | 1.31% | 75,167 | $9.8M | Add +4.7% |
| LLY Eli Lilly & Co. | 1.24% | 8,725 | $9.4M | Add +5.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.11% | 39,365 | $8.3M | Add +1.0% |
| SRLN SS Blackstone Sr Loan ETF | 1.09% | 199,806 | $8.2M | Add +11.1% |
| V Visa Inc. Class A | 1.08% | 23,308 | $8.2M | Add +5.4% |
| SCHA Schwab US Small-Cap ETF | 1.08% | 284,653 | $8.1M | Add +45.6% |
| MELI MercadoLibre Inc. | 1.07% | 4,001 | $8.1M | Add +14.0% |
| MA Mastercard Inc. Class A | 1.06% | 13,930 | $8.0M | Add +5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.05% | 15,789 | $7.9M | Add +5.7% |
| GEV GE Vernova Inc. | 1.01% | 11,643 | $7.6M | New |
| UBER Uber Technologies Inc. | 1.00% | 91,946 | $7.5M | Add +17.8% |
| CDNS Cadence Design SYS Inc. | 0.99% | 23,883 | $7.5M | Add +39.6% |
| NOW ServiceNow Inc. | 0.98% | 48,381 | $7.4M | Add +28.9% |
| PANW Palo Alto Networks Inc. | 0.98% | 39,969 | $7.4M | Add +6.4% |
| CRM Salesforce Inc. | 0.97% | 27,665 | $7.3M | Add +5.6% |
| FICO Fair Isaac Corp. | 0.93% | 4,142 | $7.0M | Add +6.3% |
| ADBE Adobe Inc. | 0.92% | 19,789 | $6.9M | Add +16.8% |
| RMD Resmed Inc. | 0.90% | 28,001 | $6.7M | Add +7.9% |
| ADSK Autodesk Inc. | 0.89% | 22,531 | $6.7M | Add +7.6% |
| TMUS T-Mobile US Inc. | 0.86% | 32,068 | $6.5M | Add +8.2% |
| IVV iShares Core S&P 500 ETF | 0.79% | 8,680 | $5.9M | Add +78.5% |
| SCHF Schwab Intl Equity ETF | 0.79% | 246,697 | $5.9M | Add +10.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.78% | 64,070 | $5.9M | Add +11.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.70% | 65,685 | $5.3M | Add +11.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.70% | 8,564 | $5.3M | Add +17.2% |
| QUAL iShares MSCI USA Quality Fac | 0.67% | 25,500 | $5.1M | Add +3.4% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.60% | 139,072 | $4.6M | Reduce -8.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.60% | 39,694 | $4.5M | Reduce -40.9% |
| GOOGL Alphabet Inc. Class A | 0.55% | 13,247 | $4.1M | Add +2.6% |
| BSX Boston Scientific Corp. | 0.54% | 42,797 | $4.1M | Reduce -29.1% |
| PGR Progressive Corp. | 0.53% | 17,614 | $4.0M | Reduce -32.8% |
| COWZ Pacer US Cash Cows 100 ETF | 0.44% | 55,365 | $3.3M | Reduce -6.7% |
| VCIT Vanguard Int-Term Corporate | 0.43% | 38,511 | $3.2M | Add +1.7% |
| SCHD Schwab US DVD Equity ETF | 0.40% | 110,893 | $3.0M | Add +6.0% |
| IHDG Wisdomtree International Hed | 0.40% | 61,239 | $3.0M | Reduce -10.2% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.37% | 114,484 | $2.8M | Reduce -0.9% |
| MARW Alianzim US Eq BFR20 Mar-Usd | 0.35% | 76,133 | $2.6M | Reduce -1.4% |
| AVUV Avantis US Small Cap Value | 0.34% | 24,790 | $2.5M | Add +38.7% |
| VOO Vanguard S&P 500 ETF | 0.33% | 4,009 | $2.5M | Add +8.8% |
| GSST Goldman Sachs Ultra Short Bo | 0.30% | 44,979 | $2.3M | Add +1.2% |
| RWJ Invesco S&P Smallcap 600 | 0.30% | 46,247 | $2.3M | Add +35.8% |
| IBDR iShares Ibonds Dec 2026 Term | 0.26% | 81,915 | $2.0M | Add +3.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.25% | 6,497 | $1.9M | Add +3.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 5,409 | $1.8M | Add +177.4% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.24% | 31,651 | $1.8M | Reduce -0.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.23% | 68,152 | $1.7M | Add +0.8% |
| COST Costco Wholesale Corp. | 0.22% | 1,900 | $1.6M | Reduce -7.2% |
| IBDU iShares Ibonds Dec 2029 Term | 0.21% | 68,060 | $1.6M | Add +163.8% |
| PLTR Palantir Technologies Inc. Class A | 0.21% | 8,948 | $1.6M | Add +16.8% |
| ABBV Abbvie Inc. | 0.21% | 6,800 | $1.6M | Add +32.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 2,159 | $1.5M | Add +181.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.19% | 17,734 | $1.4M | Reduce -0.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.17% | 4,148 | $1.3M | Add +0.8% |
| AGZ iShares Agency Bond ETF | 0.16% | 10,968 | $1.2M | Add +6.7% |
| JNJ Johnson & Johnson | 0.16% | 5,727 | $1.2M | Add +5.1% |
| BA The Boeing Co. | 0.15% | 5,364 | $1.2M | Add +6.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 3,846 | $1.1M | Add +11.6% |
| JBBB Janus Henderson B-BBB Clo Et | 0.15% | 23,019 | $1.1M | Reduce -34.3% |
| GDX Vaneck Gold Miners ETF | 0.14% | 12,716 | $1.1M | Add +0.6% |
| PFXF Vaneck Pref Sec X-Financials | 0.14% | 60,865 | $1.1M | Reduce -7.7% |
| ABNB Airbnb Inc. Class A | 0.13% | 7,255 | $985K | Add +8.9% |
| JPM JPMorgan Chase & Co. | 0.13% | 3,008 | $969K | Add +8.0% |
| GBTC Grayscale Bitcoin Trust ETF | 0.12% | 13,711 | $937K | Add +19.8% |
| HD Home Depot Inc. | 0.12% | 2,719 | $936K | Add +7.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.12% | 3,572 | $921K | Add +29.4% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.12% | 17,804 | $903K | Add +0.7% |
| SPGI S&P Global Inc. | 0.11% | 1,657 | $866K | Reduce -2.4% |
| AMGN Amgen Inc. | 0.11% | 2,568 | $841K | Add +18.0% |
| ORCL Oracle Corp. | 0.11% | 4,245 | $827K | Reduce -4.4% |
| ET Energy Transfer LP | 0.11% | 49,889 | $823K | Add +26.5% |
| SMH Vaneck Semiconductor ETF | 0.11% | 2,273 | $819K | New |
| SCHP Schwab U.S. Tips ETF | 0.11% | 30,765 | $815K | Add +1.3% |
| FEBW Alianzim US Eq BFR20 Feb-Usd | 0.10% | 23,299 | $791K | No change |
| DSI iShares ESG MSCI KLD 400 ETF | 0.10% | 6,019 | $775K | Add +0.3% |
| APRW Allinzim US Eq BFR20 Apr-Usd | 0.10% | 22,221 | $775K | Reduce -0.4% |
| MU Micron Technology Inc. | 0.10% | 2,646 | $755K | Add +22.9% |
| MSI Motorola Solutions Inc. | 0.10% | 1,936 | $742K | Add +4.3% |
| ADI Analog Devices Inc. | 0.10% | 2,658 | $721K | Add +9.2% |
| MCO Moody's Corp. | 0.09% | 1,390 | $710K | Reduce -3.1% |
| STX Seagate Technology Holdings | 0.09% | 2,557 | $704K | Add +1.1% |
| STT State Street Corp. | 0.09% | 5,405 | $697K | Add +2.5% |
| WMT Walmart Inc. | 0.09% | 5,887 | $656K | Add +100.4% |
Options reported separately and not counted above: MICROSOFT CORP puts ($1.5M), BROADCOM INC puts ($1.0M).
Portfolio Sells Q3 2025 → Q4 2025
| MSCI MSCI Inc. | Reduce -95.6% | 0.03% | −0.77 |
| DIS The Walt Disney Co. | Reduce -40.9% | 0.60% | −0.48 |
| PGR Progressive Corp. | Reduce -32.8% | 0.53% | −0.38 |
| BSX Boston Scientific Corp. | Reduce -29.1% | 0.54% | −0.29 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.16 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -8.7% | 0.60% | −0.11 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.10 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.09 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -34.3% | 0.15% | −0.09 |
| ORCL Oracle Corp. | Reduce -4.4% | 0.11% | −0.07 |
| IBIT iShares Bitcoin Trust ETF | Reduce -33.0% | 0.05% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -7.2% | 0.22% | −0.05 |
| IHDG Wisdomtree International Hed | Reduce -10.2% | 0.40% | −0.05 |
| QBTS D-Wave Quantum Inc. | Sold out | 0.00% | −0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -6.7% | 0.44% | −0.04 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.04 |
| FETH Fidelity Ethereum Fund | Sold out | 0.00% | −0.04 |
| IONQ Ionq Inc. | Reduce -31.6% | 0.03% | −0.03 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.03 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.03 |
| C Citigroup Inc. | Sold out | 0.00% | −0.03 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.03 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -0.9% | 0.37% | −0.03 |
| PFXF Vaneck Pref Sec X-Financials | Reduce -7.7% | 0.14% | −0.02 |
| SCHG Schwab US Large-Cap Growth | Reduce -16.8% | 0.08% | −0.02 |
| MARW Alianzim US Eq BFR20 Mar-Usd | Reduce -1.4% | 0.35% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -30.7% | 0.03% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -20.6% | 0.05% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Reduce -0.2% | 0.03% | −0.01 |
| NVR NVR Inc. | Reduce -2.7% | 0.07% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.1% | 0.19% | −0.01 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Reduce -0.7% | 0.24% | −0.01 |
| ALT Altimmune Inc. | Sold out | 0.00% | −0.01 |
| IGV iShares Expanded Tech-Softwa | Reduce -0.3% | 0.05% | −0.01 |
| IBDV iShares Ibonds Dec 2030 Corp. | Reduce -5.8% | 0.05% | −0.01 |
| IBDW iShares Ibonds Dec 2031 Corp. | Reduce -5.8% | 0.05% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.9% | 0.09% | −0.01 |
| DPZ Domino's Pizza Inc. | Reduce -0.1% | 0.06% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -4.7% | 0.06% | −0.01 |
| APRW Allinzim US Eq BFR20 Apr-Usd | Reduce -0.4% | 0.10% | −0.00 |
| AON Aon PLC Class A | Reduce -0.3% | 0.06% | −0.00 |
| SFNC Simmons First Natl Corp. Class A | Reduce -0.0% | 0.04% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.1% | 0.04% | −0.00 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.08% | −0.00 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.2% | 0.03% | −0.00 |
| MCO Moody's Corp. | Reduce -3.1% | 0.09% | −0.00 |
| SPGI S&P Global Inc. | Reduce -2.4% | 0.11% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.4% | 0.07% | −0.00 |
| IAU iShares Gold Trust | Reduce -3.7% | 0.05% | +0.00 |
| RY Royal Bank of Canada | Reduce -0.7% | 0.05% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| GEV GE Vernova Inc. | New | 1.01% | +1.01 |
| NVDA Nvidia Corp. | Add +20.6% | 4.08% | +0.49 |
| AMD Advanced Micro Devices | Add +6.8% | 1.47% | +0.37 |
| LLY Eli Lilly & Co. | Add +5.5% | 1.24% | +0.36 |
| IVV iShares Core S&P 500 ETF | Add +78.5% | 0.79% | +0.33 |
| SCHA Schwab US Small-Cap ETF | Add +45.6% | 1.08% | +0.31 |
| VTI VG Morningstar TS MKT ETF-US | Add +177.4% | 0.24% | +0.15 |
| CDNS Cadence Design SYS Inc. | Add +39.6% | 0.99% | +0.14 |
| IBDU iShares Ibonds Dec 2029 Term | Add +163.8% | 0.21% | +0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +181.1% | 0.20% | +0.12 |
| FICO Fair Isaac Corp. | Add +6.3% | 0.93% | +0.11 |
| SMH Vaneck Semiconductor ETF | New | 0.11% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +2.6% | 0.55% | +0.11 |
| AMZN Amazon.com Inc. | Add +4.4% | 3.18% | +0.11 |
| SCHM Schwab US Mid Cap ETF | Add +10.9% | 1.74% | +0.10 |
| CRM Salesforce Inc. | Add +5.6% | 0.97% | +0.10 |
| SCHX Schwab US Large-Cap ETF | Add +5.9% | 4.78% | +0.09 |
| AVUV Avantis US Small Cap Value | Add +38.7% | 0.34% | +0.09 |
| IQLT iShares MSCI International Q | New | 0.08% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +17.2% | 0.70% | +0.08 |
| DISV Dimensional International SM | New | 0.08% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.8% | 1.54% | +0.08 |
| ADBE Adobe Inc. | Add +16.8% | 0.92% | +0.08 |
| AVEM Avantis Emerging Markets Eq | New | 0.07% | +0.07 |
| EFV iShares MSCI Eafe Value ETF | New | 0.07% | +0.07 |
| DFEM Dimensional Emrg MRKT Core | New | 0.07% | +0.07 |
| RWJ Invesco S&P Smallcap 600 | Add +35.8% | 0.30% | +0.07 |
| MOAT Vaneck Morningstar Wide Moat | New | 0.06% | +0.06 |
| DFIC Dimensional International Co. | New | 0.06% | +0.06 |
| SCHF Schwab Intl Equity ETF | Add +10.4% | 0.79% | +0.05 |
| NOBL Proshares S&P 500 Dividend A | New | 0.05% | +0.05 |
| AAPL Apple Inc. | Add +1.3% | 2.59% | +0.05 |
| MU Micron Technology Inc. | Add +22.9% | 0.10% | +0.05 |
| COF Capital One Financial Corp. | New | 0.05% | +0.05 |
| WMT Walmart Inc. | Add +100.4% | 0.09% | +0.04 |
| WFC Wells Fargo & Co. | New | 0.04% | +0.04 |
| SRLN SS Blackstone Sr Loan ETF | Add +11.1% | 1.09% | +0.04 |
| FDN First Trust DJ Internet Ind | New | 0.04% | +0.04 |
| APP AppLovin Corp. Class A | New | 0.04% | +0.04 |
| ABBV Abbvie Inc. | Add +32.5% | 0.21% | +0.04 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.04% | +0.04 |
| CVX Chevron Corp. | Add +122.1% | 0.07% | +0.04 |
| BNY Bank of New York Mellon Corp. | New | 0.04% | +0.04 |
| CSCO Cisco Systems Inc. | New | 0.04% | +0.04 |
| XLK SS Technology Select Sector | New | 0.04% | +0.04 |
| GS Goldman Sachs Group Inc. | New | 0.04% | +0.04 |
| IJT iShares S&P Small-Cap 600 GR | New | 0.04% | +0.04 |
| IVLU iShares MSCI International V | New | 0.04% | +0.04 |
| LRCX Lam Research Corp. | New | 0.04% | +0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +11.6% | 0.78% | +0.04 |
Options Activity Q3 2025 → Q4 2025
| MICROSOFT CORP | put | New | 3,200 | $1.5M |
| NETFLIX INC. | put | Sold out | 200 | $240Kbefore 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 |