FPC Investment Advisory, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), FPC Investment Advisory, Inc. reported 34 stock positions worth $182.5 million. Its top holding was iShares Core 1-5 Year Usd Bo (ISTB) at 16.2% of the portfolio, followed by Schwab US Large-Cap ETF (SCHX, 15.8%) and Vanguard Intermediate-Term B (BIV, 15.0%). Compared with Q3 2025, it opened 6 new positions, added to 10 and reduced 8. The biggest buy was a new position in Alphabet Class C (GOOG) and the biggest sale Vanguard Total Bond Market (BND, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- PETALUMA, CA
- CIK
- 0002021217
- Portfolio Value
- $182.5M (Q4 2025)
- SEC Filing
- 0001420506-26-000235 ↗ filed Feb 10, 2026
Holdings Value
Holdings 34 stocks · $182.5M
| ISTB iShares Core 1-5 Year Usd Bo | 16.17% | 605,277 | $29.5M | Add +7.4% |
| SCHX Schwab US Large-Cap ETF | 15.76% | 1,069,325 | $28.8M | Add +5.6% |
| BIV Vanguard Intermediate-Term B | 15.02% | 351,929 | $27.4M | Add +8.0% |
| VGK Vanguard Ftse Europe ETF | 11.60% | 253,215 | $21.2M | Add +2.5% |
| TLT iShares 20+ Year Treasury BD | 5.63% | 117,866 | $10.3M | Add +6.2% |
| AAPL Apple Inc. | 5.25% | 35,223 | $9.6M | Reduce -0.7% |
| VGT Vanguard Info Tech ETF | 4.65% | 11,270 | $8.5M | Reduce -0.2% |
| BND Vanguard Total Bond Market | 4.50% | 111,009 | $8.2M | Reduce -0.3% |
| BNDX Vanguard Total Intl Bond ETF | 3.35% | 126,374 | $6.1M | Add +12.7% |
| IEV iShares Europe ETF | 3.27% | 86,949 | $6.0M | Reduce -1.3% |
| EWJ iShares MSCI Japan ETF | 2.99% | 67,592 | $5.5M | Add +1.6% |
| XLV SS Health Care Select Sector | 2.67% | 31,457 | $4.9M | Add +3.9% |
| GOOG Alphabet Inc. Class C | 1.50% | 8,709 | $2.7M | New |
| NVDA Nvidia Corp. | 1.42% | 13,896 | $2.6M | Add +594.5% |
| AAXJ iShares MSCI All Country Asi | 1.41% | 27,688 | $2.6M | Reduce -10.0% |
| AVGO Broadcom Inc. | 0.93% | 4,892 | $1.7M | No change |
| BLV Vanguard Long-Term Bond ETF | 0.77% | 20,286 | $1.4M | Reduce -4.0% |
| IYW iShares Ustechnology ETF | 0.38% | 3,483 | $695K | Reduce -10.5% |
| MSFT Microsoft Corp. | 0.35% | 1,338 | $647K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.34% | 7,023 | $628K | No change |
| META Meta Platforms Inc. Class A | 0.27% | 753 | $497K | New |
| ABBV Abbvie Inc. | 0.24% | 1,908 | $436K | No change |
| AMZN Amazon.com Inc. | 0.22% | 1,718 | $397K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.18% | 7,726 | $330K | Reduce -3.3% |
| C Citigroup Inc. | 0.16% | 2,500 | $292K | New |
| SCHA Schwab US Small-Cap ETF | 0.15% | 9,861 | $281K | Add +2.2% |
| SCHB Schwab US Broad Market ETF | 0.14% | 9,870 | $259K | No change |
| EBAY eBay Inc. | 0.13% | 2,750 | $240K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.13% | 4,256 | $229K | No change |
| GOOGL Alphabet Inc. Class A | 0.12% | 686 | $215K | New |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.11% | 1,182 | $210K | No change |
| FLG Flagstar Bank NA | 0.11% | 15,700 | $198K | New |
| PTEN Patterson-Uti Energy Inc. | 0.07% | 20,100 | $123K | New |
| FATE Fate Therapeutics Inc. | 0.01% | 26,456 | $26K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| BND Vanguard Total Bond Market | Reduce -0.3% | 4.50% | −0.46 |
| VGT Vanguard Info Tech ETF | Reduce -0.2% | 4.65% | −0.40 |
| AAXJ iShares MSCI All Country Asi | Reduce -10.0% | 1.41% | −0.27 |
| IEV iShares Europe ETF | Reduce -1.3% | 3.27% | −0.19 |
| AAPL Apple Inc. | Reduce -0.7% | 5.25% | −0.17 |
| BLV Vanguard Long-Term Bond ETF | Reduce -4.0% | 0.77% | −0.13 |
| IYW iShares Ustechnology ETF | Reduce -10.5% | 0.38% | −0.08 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -3.3% | 0.18% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | New | 1.50% | +1.50 |
| NVDA Nvidia Corp. | Add +594.5% | 1.42% | +1.20 |
| META Meta Platforms Inc. Class A | New | 0.27% | +0.27 |
| C Citigroup Inc. | New | 0.16% | +0.16 |
| XLV SS Health Care Select Sector | Add +3.9% | 2.67% | +0.14 |
| GOOGL Alphabet Inc. Class A | New | 0.12% | +0.12 |
| FLG Flagstar Bank NA | New | 0.11% | +0.11 |
| PTEN Patterson-Uti Energy Inc. | New | 0.07% | +0.07 |
| BNDX Vanguard Total Intl Bond ETF | Add +12.7% | 3.35% | +0.02 |
| SCHA Schwab US Small-Cap ETF | Add +2.2% | 0.15% | −0.01 |
| EWJ iShares MSCI Japan ETF | Add +1.6% | 2.99% | −0.21 |
| VGK Vanguard Ftse Europe ETF | Add +2.5% | 11.60% | −0.23 |
| SCHX Schwab US Large-Cap ETF | Add +5.6% | 15.76% | −0.24 |
| BIV Vanguard Intermediate-Term B | Add +8.0% | 15.02% | −0.26 |
| TLT iShares 20+ Year Treasury BD | Add +6.2% | 5.63% | −0.32 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +7.4% | 16.17% | −0.35 |
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 |