FPC Investment Advisory, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), FPC Investment Advisory, Inc. reported 28 stock positions worth $160.0 million. Its top holding was iShares Core 1-5 Year Usd Bo (ISTB) at 16.5% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 16.0%) and Vanguard Intermediate-Term B (BIV, 14.8%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 14 and reduced 9. The biggest buy was Schwab US Large-Cap ETF (SCHX, shares +6%) and the biggest sale Apple (AAPL, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- PETALUMA, CA
- CIK
- 0002021217
- Portfolio Value
- $160.0M (Q2 2025)
- SEC Filing
- 0001420506-25-001938 ↗ filed Aug 13, 2025
Holdings Value
Holdings 28 stocks · $160.0M
| ISTB iShares Core 1-5 Year Usd Bo | 16.55% | 545,274 | $26.5M | Add +7.9% |
| SCHX Schwab US Large-Cap ETF | 16.03% | 1,018,767 | $25.7M | Add +6.3% |
| BIV Vanguard Intermediate-Term B | 14.75% | 306,303 | $23.6M | Add +9.1% |
| VGK Vanguard Ftse Europe ETF | 11.81% | 244,345 | $18.9M | Add +2.5% |
| TLT iShares 20+ Year Treasury BD | 6.02% | 110,236 | $9.6M | Add +2.5% |
| BND Vanguard Total Bond Market | 5.42% | 118,216 | $8.7M | Reduce -0.7% |
| VGT Vanguard Info Tech ETF | 5.06% | 11,688 | $8.1M | Add +0.3% |
| AAPL Apple Inc. | 4.76% | 36,080 | $7.6M | Reduce -9.0% |
| IEV iShares Europe ETF | 3.95% | 100,084 | $6.3M | Reduce -2.9% |
| BNDX Vanguard Total Intl Bond ETF | 3.30% | 107,002 | $5.3M | Add +15.3% |
| EWJ iShares MSCI Japan ETF | 3.09% | 66,997 | $4.9M | Add +3.8% |
| XLV SS Health Care Select Sector | 2.54% | 30,200 | $4.1M | Add +8.4% |
| AAXJ iShares MSCI All Country Asi | 1.73% | 32,620 | $2.8M | Reduce -8.0% |
| BLV Vanguard Long-Term Bond ETF | 0.94% | 21,780 | $1.5M | Add +46.4% |
| AVGO Broadcom Inc. | 0.91% | 4,892 | $1.5M | Reduce -3.2% |
| IYW iShares Ustechnology ETF | 0.63% | 5,571 | $1.0M | Reduce -2.9% |
| MSFT Microsoft Corp. | 0.43% | 1,338 | $686K | Add +3.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.37% | 7,023 | $584K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.27% | 5,152 | $436K | Reduce -0.2% |
| AMZN Amazon.com Inc. | 0.25% | 1,718 | $397K | Add +5.8% |
| ABBV Abbvie Inc. | 0.23% | 1,908 | $365K | Reduce -13.9% |
| NVDA Nvidia Corp. | 0.22% | 2,001 | $351K | Add +10.1% |
| SCHA Schwab US Small-Cap ETF | 0.16% | 9,646 | $252K | Add +2.8% |
| SCHB Schwab US Broad Market ETF | 0.15% | 9,870 | $242K | No change |
| EBAY eBay Inc. | 0.15% | 3,000 | $236K | Reduce -11.8% |
| VWO Vanguard Ftse Emerging Marke | 0.13% | 4,256 | $215K | New |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.13% | 1,182 | $200K | New |
| FATE Fate Therapeutics Inc. | 0.02% | 26,456 | $31K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -9.0% | 4.76% | −0.65 |
| BND Vanguard Total Bond Market | Reduce -0.7% | 5.42% | −0.51 |
| IEV iShares Europe ETF | Reduce -2.9% | 3.95% | −0.40 |
| AAXJ iShares MSCI All Country Asi | Reduce -8.0% | 1.73% | −0.14 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.14 |
| ABBV Abbvie Inc. | Reduce -13.9% | 0.23% | −0.07 |
| EBAY eBay Inc. | Reduce -11.8% | 0.15% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -0.2% | 0.27% | −0.01 |
| IYW iShares Ustechnology ETF | Reduce -2.9% | 0.63% | +0.05 |
| AVGO Broadcom Inc. | Reduce -3.2% | 0.91% | +0.21 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHX Schwab US Large-Cap ETF | Add +6.3% | 16.03% | +1.39 |
| VGT Vanguard Info Tech ETF | Add +0.3% | 5.06% | +0.55 |
| BLV Vanguard Long-Term Bond ETF | Add +46.4% | 0.94% | +0.25 |
| BNDX Vanguard Total Intl Bond ETF | Add +15.3% | 3.30% | +0.17 |
| VWO Vanguard Ftse Emerging Marke | New | 0.13% | +0.13 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.13% | +0.13 |
| BIV Vanguard Intermediate-Term B | Add +9.1% | 14.75% | +0.09 |
| NVDA Nvidia Corp. | Add +10.1% | 0.22% | +0.08 |
| MSFT Microsoft Corp. | Add +3.7% | 0.43% | +0.04 |
| AMZN Amazon.com Inc. | Add +5.8% | 0.25% | +0.04 |
| SCHA Schwab US Small-Cap ETF | Add +2.8% | 0.16% | +0.01 |
| XLV SS Health Care Select Sector | Add +8.4% | 2.54% | −0.10 |
| EWJ iShares MSCI Japan ETF | Add +3.8% | 3.09% | −0.12 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +7.9% | 16.55% | −0.18 |
| VGK Vanguard Ftse Europe ETF | Add +2.5% | 11.81% | −0.35 |
| TLT iShares 20+ Year Treasury BD | Add +2.5% | 6.02% | −0.42 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $211.9M | SCHX, ISTB, BIV, VGK, AAPL |
| Q1 2026 | 34 | $200.5M | SCHX, ISTB, BIV, VGK, TLT |
| Q4 2025 | 34 | $182.5M | ISTB, SCHX, BIV, VGK, TLT |
| Q3 2025 | 28 | $166.7M | ISTB, SCHX, BIV, VGK, TLT |
| Q2 2025 | 28 | $160.0M | ISTB, SCHX, BIV, VGK, TLT |
| Q1 2025 | 27 | $145.7M | ISTB, BIV, SCHX, VGK, TLT |
| Q4 2024 | 283 | $136.8M | ISTB, BIV, SCHX, VGK, AAPL |
| Q3 2024 | 97 | $117.9M | BIV, ISTB, VGK, TLT, AAPL |
| Q2 2024 | 97 | $111.1M | BIV, VGK, AAPL, TLT, BND |
| Q1 2024 | 86 | $101.4M | BIV, VGK, TLT, ICSH, ISTB |