Frank, Rimerman Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Frank, Rimerman Advisors LLC reported 518 stock positions worth $1.4 billion. Its top holding was Invesco Nasdaq 100 ETF (QQQM) at 6.8% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.7%) and Apple (AAPL, 5.4%). Compared with Q3 2024, it opened 42 new positions, sold out of 51, added to 252 and reduced 147. The biggest buy was Netflix (NFLX, shares +0%) and the biggest sale Eli Lilly (LLY, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001977560
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0001172661-25-000600 ↗ filed Feb 10, 2025
Holdings Value
Holdings 518 stocks · $1.4B
| QQQM Invesco Nasdaq 100 ETF | 6.77% | 443,082 | $93.2M | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 5.74% | 154,688 | $79.1M | Reduce -0.7% |
| AAPL Apple Inc. | 5.39% | 296,371 | $74.2M | Reduce -9.0% |
| NVDA Nvidia Corp. | 4.80% | 492,414 | $66.1M | Reduce -0.7% |
| NFLX Netflix Inc. | 3.78% | 58,374 | $52.0M | Add +0.2% |
| IVE iShares S&P 500 Value ETF | 3.74% | 269,955 | $51.5M | No change |
| MSFT Microsoft Corp. | 3.68% | 120,380 | $50.7M | Reduce -10.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.35% | 78,826 | $46.2M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 3.15% | 228,816 | $43.3M | Reduce -7.3% |
| AMZN Amazon.com Inc. | 2.36% | 148,079 | $32.5M | Reduce -4.6% |
| DUOL Duolingo | 2.35% | 99,856 | $32.4M | No change |
| VTI VG Morningstar TS MKT ETF-US | 2.20% | 104,327 | $30.2M | Add +1.8% |
| GOOG Alphabet Inc. Class C | 2.16% | 156,198 | $29.7M | Add +3.6% |
| META Meta Platforms Inc. Class A | 1.58% | 37,237 | $21.8M | Reduce -19.5% |
| AVGO Broadcom Inc. | 1.22% | 72,543 | $16.8M | Reduce -9.9% |
| TSLA Tesla Inc. | 1.00% | 34,070 | $13.8M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 0.98% | 56,343 | $13.5M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 0.80% | 62,881 | $11.0M | Add +6.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.76% | 53,138 | $10.5M | Reduce -36.9% |
| PRCT Procept Biorobotics Corp. | 0.71% | 122,104 | $9.8M | No change |
| V Visa Inc. Class A | 0.68% | 29,816 | $9.4M | Add +32.4% |
| UNH Unitedhealth Group Inc. | 0.62% | 16,863 | $8.5M | Add +4.7% |
| VEA Vanguard Ftse Developed ETF | 0.59% | 168,831 | $8.1M | Reduce -0.8% |
| IWC iShares Micro-Cap ETF | 0.54% | 56,716 | $7.4M | Add +3.0% |
| COST Costco Wholesale Corp. | 0.51% | 7,690 | $7.0M | Reduce -26.0% |
| MA Mastercard Inc. Class A | 0.50% | 13,184 | $6.9M | Add +1.1% |
| LLY Eli Lilly & Co. | 0.49% | 8,705 | $6.7M | Reduce -39.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 14,729 | $6.7M | Reduce -7.9% |
| RACE Ferrari NV | 0.47% | 15,210 | $6.5M | Reduce -28.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.45% | 14,604 | $6.2M | Add +1.0% |
| CRM Salesforce Inc. | 0.44% | 18,077 | $6.0M | Add +7.6% |
| VWO Vanguard Ftse Emerging Marke | 0.42% | 132,156 | $5.8M | No change |
| ISRG Intuitive Surgical Inc. | 0.41% | 10,890 | $5.7M | Add +0.6% |
| HD Home Depot Inc. | 0.40% | 14,206 | $5.5M | Add +3.7% |
| S Sentinelone Inc. Class A | 0.40% | 248,708 | $5.5M | Reduce -5.4% |
| JNJ Johnson & Johnson | 0.38% | 35,942 | $5.2M | Add +0.3% |
| ACWI iShares MSCI Acwi ETF | 0.38% | 44,053 | $5.2M | Reduce -0.4% |
| WMT Walmart Inc. | 0.37% | 56,956 | $5.1M | Add +0.3% |
| ABBV Abbvie Inc. | 0.35% | 27,141 | $4.8M | Add +1.5% |
| MS Morgan Stanley | 0.35% | 38,031 | $4.8M | Add +0.7% |
| ACN Accenture PLC Class A | 0.35% | 13,575 | $4.8M | Add +0.6% |
| VFH Vanguard Financials ETF | 0.35% | 40,442 | $4.8M | Add +8.1% |
| XOM Exxon Mobil Corp. | 0.34% | 43,813 | $4.7M | Reduce -23.0% |
| CSCO Cisco Systems Inc. | 0.33% | 77,462 | $4.6M | Add +6.4% |
| TECK Teck Resources Ltd.-CLS B | 0.31% | 105,040 | $4.3M | No change |
| TDG Transdigm Group Inc. | 0.30% | 3,298 | $4.2M | Add +0.4% |
| DOW Dow Inc. | 0.30% | 103,510 | $4.2M | Add +160.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 18,536 | $4.1M | Add +0.1% |
| VZ Verizon Communications Inc. | 0.29% | 101,162 | $4.0M | Add +8.2% |
| ADBE Adobe Inc. | 0.29% | 9,010 | $4.0M | Add +61.0% |
| ANGL Vaneck Fallen Angel High YLD | 0.29% | 137,553 | $3.9M | Add +1.0% |
| DHR Danaher Corp. | 0.28% | 16,907 | $3.9M | Reduce -0.8% |
| CME Cme Group Inc. | 0.28% | 16,640 | $3.9M | Add +11.7% |
| PCAR Paccar Inc. | 0.28% | 37,040 | $3.9M | Add +1.4% |
| ORCL Oracle Corp. | 0.28% | 23,019 | $3.8M | Reduce -8.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.27% | 10,972 | $3.8M | Add +19.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.27% | 15,567 | $3.7M | Add +15.5% |
| UPS United Parcel Service Class B | 0.27% | 29,412 | $3.7M | Add +69.9% |
| PM Philip Morris International | 0.27% | 30,741 | $3.7M | Add +0.3% |
| AXP American Express Co. | 0.26% | 12,174 | $3.6M | Add +0.8% |
| NOW ServiceNow Inc. | 0.26% | 3,381 | $3.6M | Add +0.9% |
| MO Altria Group Inc. | 0.26% | 67,331 | $3.5M | Add +10.7% |
| T AT&T Inc. | 0.26% | 154,553 | $3.5M | Add +1.6% |
| NRG NRG Energy Inc. | 0.25% | 38,825 | $3.5M | No change |
| MCD McDonald's Corp. | 0.25% | 11,824 | $3.4M | Add +6.3% |
| IVV iShares Core S&P 500 ETF | 0.24% | 5,609 | $3.3M | No change |
| CVX Chevron Corp. | 0.24% | 22,755 | $3.3M | Add +89.1% |
| IYJ iShares U.S. Industrials ETF | 0.24% | 24,468 | $3.3M | No change |
| IWF iShares Russell 1000 Growth | 0.24% | 8,111 | $3.3M | No change |
| UNP Union Pacific Corp. | 0.23% | 13,824 | $3.2M | Add +5.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.23% | 29,313 | $3.1M | Add +4.0% |
| GILD Gilead Sciences Inc. | 0.22% | 32,318 | $3.0M | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.21% | 65,143 | $2.9M | Add +3.9% |
| AMAT Applied Materials Inc. | 0.21% | 17,558 | $2.9M | Reduce -8.3% |
| SPGI S&P Global Inc. | 0.20% | 5,644 | $2.8M | Reduce -18.4% |
| BX Blackstone Inc. | 0.19% | 15,344 | $2.6M | Add +8.2% |
| AMD Advanced Micro Devices | 0.19% | 21,678 | $2.6M | Reduce -35.2% |
| VNQ Vanguard Real Estate ETF | 0.19% | 29,323 | $2.6M | Add +5.8% |
| IBN Icici Bank Ltd.-Spon ADR | 0.19% | 86,915 | $2.6M | No change |
| GE General Electric filed as GE AEROSPACE | 0.19% | 15,494 | $2.6M | Reduce -20.8% |
| BND Vanguard Total Bond Market | 0.19% | 35,904 | $2.6M | Reduce -1.0% |
| AER Aercap Holdings NV | 0.18% | 26,596 | $2.5M | No change |
| VOO Vanguard S&P 500 ETF | 0.18% | 4,713 | $2.5M | Add +45.1% |
| IWR iShares Russell Mid-Cap ETF | 0.18% | 28,707 | $2.5M | Reduce -0.5% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 4,821 | $2.5M | Add +3.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.18% | 3,589 | $2.5M | Add +0.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.18% | 9,405 | $2.5M | Add +4.3% |
| PH Parker Hannifin Corp. | 0.18% | 3,850 | $2.4M | Add +0.9% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 41,378 | $2.3M | Add +4.2% |
| MRK Merck & Co. Inc. | 0.17% | 22,975 | $2.3M | Add +68.2% |
| VXUS Vanguard Total Intl Stock | 0.16% | 38,533 | $2.3M | No change |
| O Realty Income Corp. | 0.16% | 42,362 | $2.3M | Add +14.4% |
| INTU Intuit Inc. | 0.16% | 3,575 | $2.2M | Reduce -32.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.16% | 28,263 | $2.2M | No change |
| BKNG Booking Holdings Inc. | 0.16% | 437 | $2.2M | Add +64.9% |
| USB US Bancorp | 0.16% | 45,074 | $2.2M | Reduce -13.1% |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 28,261 | $2.1M | Reduce -4.5% |
| SYK Stryker Corp. | 0.15% | 5,928 | $2.1M | Reduce -0.8% |
| ETN Eaton Corp. PLC | 0.15% | 6,415 | $2.1M | Reduce -33.4% |
| ICF iShares Select U.S. REIT ETF | 0.15% | 35,159 | $2.1M | Add +4.6% |
Portfolio Sells Q3 2024 → Q4 2024
| LLY Eli Lilly & Co. | Reduce -39.8% | 0.49% | −0.42 |
| MSFT Microsoft Corp. | Reduce -10.0% | 3.68% | −0.40 |
| META Meta Platforms Inc. Class A | Reduce -19.5% | 1.58% | −0.29 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -36.9% | 0.76% | −0.28 |
| RACE Ferrari NV | Reduce -28.7% | 0.47% | −0.24 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -49.7% | 0.14% | −0.23 |
| AMGN Amgen Inc. | Reduce -66.2% | 0.09% | −0.22 |
| AMD Advanced Micro Devices | Reduce -35.2% | 0.19% | −0.20 |
| CAT Caterpillar Inc. | Reduce -54.8% | 0.14% | −0.18 |
| PG The Procter & Gamble Co. | Reduce -52.4% | 0.15% | −0.17 |
| PFE Pfizer Inc. | Reduce -77.4% | 0.04% | −0.16 |
| TXN Texas Instruments Inc. | Reduce -46.6% | 0.15% | −0.16 |
| SHEL Shell PLC-ADR | Reduce -86.2% | 0.02% | −0.15 |
| COST Costco Wholesale Corp. | Reduce -26.0% | 0.51% | −0.14 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -74.7% | 0.06% | −0.14 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -68.0% | 0.06% | −0.13 |
| XOM Exxon Mobil Corp. | Reduce -23.0% | 0.34% | −0.13 |
| SAP Sap SE-Sponsored ADR | Reduce -64.6% | 0.08% | −0.12 |
| IR Ingersoll-Rand Inc. | Reduce -77.0% | 0.03% | −0.11 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.10 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.09 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.08 |
| UBER Uber Technologies Inc. | Reduce -61.6% | 0.04% | −0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -38.4% | 0.10% | −0.08 |
| MDT Medtronic PLC | Reduce -74.8% | 0.02% | −0.08 |
| QCOM Qualcomm Inc. | Reduce -38.1% | 0.10% | −0.08 |
| DELL Dell Technologies -C | Reduce -64.0% | 0.04% | −0.08 |
| SONY Sony Group Corp. - SP ADR | Reduce -44.3% | 0.13% | −0.08 |
| RSG Republic Services Inc. | Reduce -48.0% | 0.08% | −0.07 |
| GE General Electric | Reduce -20.8% | 0.19% | −0.07 |
| PKX Posco Holdings Inc. -Spon ADR | Sold out | 0.00% | −0.07 |
| NXPI NXP Semiconductors NV | Reduce -60.1% | 0.04% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -33.4% | 0.15% | −0.07 |
| ECL Ecolab Inc. | Reduce -65.4% | 0.03% | −0.07 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.07 |
| WM Waste Management Inc. | Reduce -61.5% | 0.04% | −0.07 |
| KO The Coca-Cola Co. | Reduce -30.4% | 0.11% | −0.07 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.07 |
| INTU Intuit Inc. | Reduce -32.5% | 0.16% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -30.3% | 0.12% | −0.07 |
| KB KB Financial Group Inc.-ADR | Reduce -81.6% | 0.01% | −0.07 |
| CI The Cigna Group | Reduce -48.7% | 0.05% | −0.07 |
| NKE Nike Inc. Class B | Reduce -53.4% | 0.05% | −0.07 |
| OGN Organon & Co. | Sold out | 0.00% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -8.3% | 0.21% | −0.07 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −0.06 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −0.06 |
| PSX Phillips 66 | Reduce -61.5% | 0.03% | −0.06 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.06 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| NFLX Netflix Inc. | Add +0.2% | 3.78% | +0.85 |
| QQQM Invesco Nasdaq 100 ETF | Add +0.1% | 6.77% | +0.47 |
| GOOG Alphabet Inc. Class C | Add +3.6% | 2.16% | +0.37 |
| V Visa Inc. Class A | Add +32.4% | 0.68% | +0.25 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 3.35% | +0.17 |
| DOW Dow Inc. | Add +160.4% | 0.30% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +1.1% | 0.98% | +0.15 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.8% | 2.20% | +0.14 |
| CVX Chevron Corp. | Add +89.1% | 0.24% | +0.11 |
| CRM Salesforce Inc. | Add +7.6% | 0.44% | +0.11 |
| UPS United Parcel Service Class B | Add +69.9% | 0.27% | +0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +19.5% | 0.27% | +0.09 |
| ADBE Adobe Inc. | Add +61.0% | 0.29% | +0.09 |
| BKNG Booking Holdings Inc. | Add +64.9% | 0.16% | +0.08 |
| MS Morgan Stanley | Add +0.7% | 0.35% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +45.1% | 0.18% | +0.06 |
| CSCO Cisco Systems Inc. | Add +6.4% | 0.33% | +0.06 |
| FISV Fiserv Inc. | Add +50.6% | 0.13% | +0.06 |
| MRK Merck & Co. Inc. | Add +68.2% | 0.17% | +0.06 |
| IWC iShares Micro-Cap ETF | Add +3.0% | 0.54% | +0.06 |
| VFH Vanguard Financials ETF | Add +8.1% | 0.35% | +0.06 |
| MRVL Marvell Technology Inc. | Add +184.8% | 0.07% | +0.05 |
| AM Antero Midstream Corp. | Add +87.0% | 0.11% | +0.05 |
| SWKS Skyworks Solutions Inc. | Add +134.8% | 0.10% | +0.05 |
| WMT Walmart Inc. | Add +0.3% | 0.37% | +0.05 |
| NOW ServiceNow Inc. | Add +0.9% | 0.26% | +0.05 |
| MA Mastercard Inc. Class A | Add +1.1% | 0.50% | +0.05 |
| CME Cme Group Inc. | Add +11.7% | 0.28% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | Add +6.2% | 0.80% | +0.05 |
| MTN Vail Resorts Inc. | New | 0.05% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +15.5% | 0.27% | +0.04 |
| JEPI JPMorgan Equity Premium Inco | New | 0.04% | +0.04 |
| BEN Franklin Templeton Inc. | New | 0.04% | +0.04 |
| BIV Vanguard Intermediate-Term B | Add +86.5% | 0.09% | +0.04 |
| WEN The Wendy's Co. | Add +258.4% | 0.06% | +0.04 |
| BX Blackstone Inc. | Add +8.2% | 0.19% | +0.04 |
| DIS The Walt Disney Co. | Add +12.4% | 0.15% | +0.04 |
| BIIB Biogen Inc. | New | 0.04% | +0.04 |
| SMCI Super Micro Computer Inc. | New | 0.04% | +0.04 |
| MO Altria Group Inc. | Add +10.7% | 0.26% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +0.6% | 0.41% | +0.04 |
| GEV GE Vernova Inc. | Add +11.6% | 0.11% | +0.03 |
| APO Apollo Global Management Inc. | New | 0.03% | +0.03 |
| HON Honeywell International Inc. | Add +23.9% | 0.12% | +0.03 |
| VICI Vici Properties Inc. | Add +77.2% | 0.09% | +0.03 |
| BAC Bank of America Corp. | Add +3.9% | 0.21% | +0.03 |
| OXY Occidental Petroleum Corp. | New | 0.03% | +0.03 |
| APP AppLovin Corp. Class A | New | 0.03% | +0.03 |
| AXP American Express Co. | Add +0.8% | 0.26% | +0.03 |
| MSTR Strategy Inc. | New | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 612 | $1.8B | NVDA, QQQ, GOOGL, AAPL, SPY |
| Q1 2026 | 590 | $1.5B | NVDA, QQQ, GOOGL, AAPL, NFLX |
| Q4 2025 | 600 | $1.6B | NVDA, QQQ, GOOGL, AAPL, MSFT |
| Q3 2025 | 593 | $1.6B | NVDA, QQQ, NFLX, AAPL, QQQM |
| Q2 2025 | 561 | $1.5B | QQQM, NVDA, QQQ, NFLX, MSFT |
| Q1 2025 | 512 | $1.3B | QQQM, QQQ, AAPL, NFLX, NVDA |
| Q4 2024 | 518 | $1.4B | QQQM, QQQ, AAPL, NVDA, NFLX |
| Q3 2024 | 527 | $1.4B | QQQM, QQQ, AAPL, NVDA, MSFT |
| Q2 2024 | 538 | $1.4B | QQQM, QQQ, AAPL, NVDA, MSFT |
| Q1 2024 | 336 | $519.5M | QQQM, QQQ, IVE, SPY, NFLX |