Frank, Rimerman Advisors LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Frank, Rimerman Advisors LLC reported 512 stock positions worth $1.3 billion. Its top holding was Invesco Nasdaq 100 ETF (QQQM) at 6.5% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.7%) and Apple (AAPL, 5.1%). Compared with Q4 2024, it opened 42 new positions, sold out of 48, added to 226 and reduced 173. The biggest buy was Netflix (NFLX, shares +0%) and the biggest sale an exit from Duolingo (DUOL).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001977560
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001172661-25-001659 ↗ filed May 12, 2025
Holdings Value
Holdings 512 stocks · $1.3B
| QQQM Invesco Nasdaq 100 ETF | 6.46% | 422,451 | $81.5M | Reduce -4.7% |
| QQQ Invesco QQQ Trust Series 1 | 5.73% | 154,218 | $72.3M | Reduce -0.3% |
| AAPL Apple Inc. | 5.14% | 291,940 | $64.8M | Reduce -1.5% |
| NFLX Netflix Inc. | 4.33% | 58,596 | $54.6M | Add +0.4% |
| NVDA Nvidia Corp. | 4.01% | 466,507 | $50.6M | Reduce -5.3% |
| MSFT Microsoft Corp. | 3.78% | 126,907 | $47.6M | Add +5.4% |
| IVE iShares S&P 500 Value ETF | 3.68% | 243,910 | $46.5M | Reduce -9.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.33% | 75,094 | $42.0M | Reduce -4.7% |
| GOOGL Alphabet Inc. Class A | 2.53% | 206,492 | $31.9M | Reduce -9.8% |
| VTI VG Morningstar TS MKT ETF-US | 2.22% | 102,057 | $28.0M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 2.19% | 145,304 | $27.6M | Reduce -1.9% |
| META Meta Platforms Inc. Class A | 1.78% | 38,869 | $22.4M | Add +4.4% |
| GOOG Alphabet Inc. Class C | 1.77% | 143,156 | $22.4M | Reduce -8.3% |
| JPM JPMorgan Chase & Co. | 1.09% | 55,859 | $13.7M | Reduce -0.9% |
| AVGO Broadcom Inc. | 0.97% | 73,218 | $12.3M | Add +0.9% |
| V Visa Inc. Class A | 0.80% | 28,831 | $10.1M | Reduce -3.3% |
| RSP Invesco S&P 500 Equal Weight | 0.80% | 58,126 | $10.1M | Reduce -7.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.70% | 53,174 | $8.8M | Add +0.1% |
| TSLA Tesla Inc. | 0.68% | 33,306 | $8.6M | Reduce -2.2% |
| VEA Vanguard Ftse Developed ETF | 0.66% | 164,978 | $8.4M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 15,644 | $8.3M | Add +6.2% |
| UNH Unitedhealth Group Inc. | 0.63% | 15,177 | $7.9M | Reduce -10.0% |
| LLY Eli Lilly & Co. | 0.58% | 8,907 | $7.4M | Add +2.3% |
| MA Mastercard Inc. Class A | 0.58% | 13,408 | $7.3M | Add +1.7% |
| COST Costco Wholesale Corp. | 0.58% | 7,752 | $7.3M | Add +0.8% |
| PRCT Procept Biorobotics Corp. | 0.56% | 122,082 | $7.1M | Reduce -0.0% |
| JNJ Johnson & Johnson | 0.52% | 39,832 | $6.6M | Add +10.8% |
| S Sentinelone Inc. Class A | 0.52% | 360,106 | $6.5M | Add +44.8% |
| RACE Ferrari NV | 0.52% | 15,198 | $6.5M | Reduce -0.1% |
| IWC iShares Micro-Cap ETF | 0.49% | 55,529 | $6.2M | Reduce -2.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.48% | 14,437 | $6.1M | Reduce -1.1% |
| TDG Transdigm Group Inc. | 0.48% | 4,354 | $6.0M | Add +32.0% |
| VWO Vanguard Ftse Emerging Marke | 0.47% | 132,156 | $6.0M | No change |
| ABBV Abbvie Inc. | 0.46% | 27,616 | $5.8M | Add +1.8% |
| VFH Vanguard Financials ETF | 0.43% | 45,567 | $5.4M | Add +12.7% |
| ISRG Intuitive Surgical Inc. | 0.43% | 10,912 | $5.4M | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.43% | 45,396 | $5.4M | Add +3.6% |
| WMT Walmart Inc. | 0.42% | 60,077 | $5.3M | Add +5.5% |
| ACWI iShares MSCI Acwi ETF | 0.41% | 44,053 | $5.1M | No change |
| PM Philip Morris International | 0.39% | 31,008 | $4.9M | Add +0.9% |
| CRM Salesforce Inc. | 0.37% | 17,440 | $4.7M | Reduce -3.5% |
| CSCO Cisco Systems Inc. | 0.37% | 75,700 | $4.7M | Reduce -2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 18,713 | $4.7M | Add +0.9% |
| MS Morgan Stanley | 0.35% | 37,986 | $4.4M | Reduce -0.1% |
| T AT&T Inc. | 0.35% | 154,443 | $4.4M | Reduce -0.1% |
| VZ Verizon Communications Inc. | 0.34% | 93,746 | $4.3M | Reduce -7.3% |
| CME Cme Group Inc. | 0.32% | 15,159 | $4.0M | Reduce -8.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 11,046 | $3.9M | Add +0.7% |
| HD Home Depot Inc. | 0.30% | 10,485 | $3.8M | Reduce -26.2% |
| TECK Teck Resources Ltd.-CLS B | 0.30% | 104,149 | $3.8M | Reduce -0.8% |
| NRG NRG Energy Inc. | 0.30% | 39,145 | $3.7M | Add +0.8% |
| PCAR Paccar Inc. | 0.29% | 37,717 | $3.7M | Add +1.8% |
| GILD Gilead Sciences Inc. | 0.29% | 32,764 | $3.7M | Add +1.4% |
| ANGL Vaneck Fallen Angel High YLD | 0.29% | 126,485 | $3.7M | Reduce -8.1% |
| MCD McDonald's Corp. | 0.29% | 11,642 | $3.6M | Reduce -1.5% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 18,090 | $3.6M | Add +16.8% |
| CVX Chevron Corp. | 0.28% | 21,469 | $3.6M | Reduce -5.7% |
| PFE Pfizer Inc. | 0.28% | 140,593 | $3.6M | Add +535.5% |
| MO Altria Group Inc. | 0.28% | 58,500 | $3.5M | Reduce -13.1% |
| DHR Danaher Corp. | 0.27% | 16,616 | $3.4M | Reduce -1.7% |
| AXP American Express Co. | 0.26% | 12,346 | $3.3M | Add +1.4% |
| ACN Accenture PLC Class A | 0.26% | 10,459 | $3.3M | Reduce -22.9% |
| AMD Advanced Micro Devices | 0.26% | 31,381 | $3.2M | Add +44.8% |
| ORCL Oracle Corp. | 0.26% | 23,032 | $3.2M | Add +0.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.25% | 14,437 | $3.2M | Reduce -7.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.25% | 29,313 | $3.2M | No change |
| IYJ iShares U.S. Industrials ETF | 0.25% | 24,468 | $3.2M | No change |
| UNP Union Pacific Corp. | 0.25% | 13,325 | $3.1M | Reduce -3.6% |
| IVV iShares Core S&P 500 ETF | 0.25% | 5,593 | $3.1M | Reduce -0.3% |
| TXN Texas Instruments Inc. | 0.24% | 16,539 | $3.0M | Add +47.2% |
| AU Anglogold Ashanti PLC | 0.23% | 79,659 | $3.0M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 70,730 | $3.0M | Add +8.6% |
| IWF iShares Russell 1000 Growth | 0.23% | 8,111 | $2.9M | No change |
| SPGI S&P Global Inc. | 0.22% | 5,544 | $2.8M | Reduce -1.8% |
| IBN Icici Bank Ltd.-Spon ADR | 0.22% | 86,915 | $2.7M | No change |
| BND Vanguard Total Bond Market | 0.22% | 37,158 | $2.7M | Add +3.5% |
| AER Aercap Holdings NV | 0.22% | 26,596 | $2.7M | No change |
| NOW ServiceNow Inc. | 0.21% | 3,341 | $2.7M | Reduce -1.2% |
| AMGN Amgen Inc. | 0.20% | 8,270 | $2.6M | Add +79.2% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 41,863 | $2.6M | Add +1.2% |
| PGR Progressive Corp. | 0.20% | 8,999 | $2.5M | Add +3.6% |
| PLTR Palantir Technologies Inc. Class A | 0.20% | 29,943 | $2.5M | Add +6.0% |
| ADI Analog Devices Inc. | 0.20% | 12,509 | $2.5M | Add +75.8% |
| ADBE Adobe Inc. | 0.20% | 6,573 | $2.5M | Reduce -27.1% |
| VNQ Vanguard Real Estate ETF | 0.20% | 27,828 | $2.5M | Reduce -5.1% |
| INTU Intuit Inc. | 0.19% | 3,996 | $2.5M | Add +11.8% |
| LRCX Lam Research Corp. | 0.19% | 33,740 | $2.5M | Add +124.0% |
| TMO Thermo Fisher Scientific Inc. | 0.19% | 4,925 | $2.5M | Add +2.2% |
| VXUS Vanguard Total Intl Stock | 0.19% | 38,533 | $2.4M | No change |
| HCA HCA Healthcare Inc. | 0.19% | 6,899 | $2.4M | Add +4.0% |
| IWR iShares Russell Mid-Cap ETF | 0.19% | 27,959 | $2.4M | Reduce -2.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.19% | 3,568 | $2.4M | Reduce -0.6% |
| PH Parker Hannifin Corp. | 0.19% | 3,880 | $2.4M | Add +0.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.18% | 8,959 | $2.3M | Reduce -4.7% |
| ABT Abbott Laboratories | 0.18% | 17,442 | $2.3M | Reduce -3.5% |
| UPS United Parcel Service Class B | 0.18% | 21,026 | $2.3M | Reduce -28.5% |
| PAYX Paychex Inc. | 0.18% | 14,622 | $2.3M | Add +1.7% |
| PG The Procter & Gamble Co. | 0.18% | 13,103 | $2.2M | Add +7.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.17% | 27,673 | $2.2M | Reduce -2.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.17% | 6,292 | $2.2M | Add +0.6% |
Portfolio Sells Q4 2024 → Q1 2025
| DUOL Duolingo | Sold out | 0.00% | −2.35 |
| NVDA Nvidia Corp. | Reduce -5.3% | 4.01% | −0.79 |
| GOOGL Alphabet Inc. Class A | Reduce -9.8% | 2.53% | −0.61 |
| GOOG Alphabet Inc. Class C | Reduce -8.3% | 1.77% | −0.39 |
| TSLA Tesla Inc. | Reduce -2.2% | 0.68% | −0.32 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -4.7% | 6.46% | −0.31 |
| AAPL Apple Inc. | Reduce -1.5% | 5.14% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 2.19% | −0.17 |
| DOW Dow Inc. | Reduce -48.8% | 0.15% | −0.15 |
| PRCT Procept Biorobotics Corp. | Reduce -0.0% | 0.56% | −0.15 |
| HD Home Depot Inc. | Reduce -26.2% | 0.30% | −0.10 |
| ETN Eaton Corp. PLC | Reduce -57.1% | 0.06% | −0.10 |
| ADBE Adobe Inc. | Reduce -27.1% | 0.20% | −0.09 |
| CDNS Cadence Design SYS Inc. | Reduce -55.8% | 0.06% | −0.09 |
| ACN Accenture PLC Class A | Reduce -22.9% | 0.26% | −0.09 |
| UPS United Parcel Service Class B | Reduce -28.5% | 0.18% | −0.09 |
| AMAT Applied Materials Inc. | Reduce -39.1% | 0.12% | −0.08 |
| USB US Bancorp | Reduce -50.8% | 0.07% | −0.08 |
| AMCR Amcor PLC | Sold out | 0.00% | −0.07 |
| CRM Salesforce Inc. | Reduce -3.5% | 0.37% | −0.07 |
| SWKS Skyworks Solutions Inc. | Reduce -58.4% | 0.03% | −0.06 |
| MCHP Microchip Technology Inc. | Reduce -49.3% | 0.05% | −0.06 |
| IVE iShares S&P 500 Value ETF | Reduce -9.7% | 3.68% | −0.06 |
| WEN The Wendy's Co. | Sold out | 0.00% | −0.06 |
| DDS Dillards Inc. Class A | Sold out | 0.00% | −0.05 |
| NOW ServiceNow Inc. | Reduce -1.2% | 0.21% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -29.7% | 0.13% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -32.0% | 0.11% | −0.05 |
| WSO Watsco Inc. | Sold out | 0.00% | −0.05 |
| IWC iShares Micro-Cap ETF | Reduce -2.1% | 0.49% | −0.05 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.05 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.04 |
| MRVL Marvell Technology Inc. | Reduce -31.1% | 0.03% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -22.2% | 0.13% | −0.04 |
| ANET Arista Networks Inc. | Reduce -48.7% | 0.02% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -30.2% | 0.11% | −0.04 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.04 |
| MSM MSC Industrial Direct Co. Class A | Sold out | 0.00% | −0.04 |
| BX Blackstone Inc. | Reduce -6.5% | 0.16% | −0.03 |
| CWEN Clearway Energy Inc. Class C | Sold out | 0.00% | −0.03 |
| ZUO Zuora Inc. Class A | Sold out | 0.00% | −0.03 |
| CCI Crown Castle Inc. | Reduce -57.9% | 0.03% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.03 |
| IVZ Invesco Ltd. | Sold out | 0.00% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.7% | 3.33% | −0.03 |
| KKR KKR & Co. Inc. | Reduce -37.1% | 0.03% | −0.02 |
| CCOI Cogent Communications Holdin | Sold out | 0.00% | −0.02 |
| KRNT Kornit Digital Ltd. | Sold out | 0.00% | −0.02 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.02 |
| GLPI Gaming and Leisure Propertie | Reduce -28.0% | 0.10% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| NFLX Netflix Inc. | Add +0.4% | 4.33% | +0.55 |
| PFE Pfizer Inc. | Add +535.5% | 0.28% | +0.24 |
| META Meta Platforms Inc. Class A | Add +4.4% | 1.78% | +0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.2% | 0.66% | +0.18 |
| TDG Transdigm Group Inc. | Add +32.0% | 0.48% | +0.17 |
| JNJ Johnson & Johnson | Add +10.8% | 0.52% | +0.15 |
| PM Philip Morris International | Add +0.9% | 0.39% | +0.12 |
| S Sentinelone Inc. Class A | Add +44.8% | 0.52% | +0.12 |
| AMGN Amgen Inc. | Add +79.2% | 0.20% | +0.12 |
| LRCX Lam Research Corp. | Add +124.0% | 0.19% | +0.12 |
| ABBV Abbvie Inc. | Add +1.8% | 0.46% | +0.11 |
| KHC The Kraft Heinz Co. | New | 0.11% | +0.11 |
| GE General Electric | Add +16.8% | 0.29% | +0.10 |
| LLY Eli Lilly & Co. | Add +2.3% | 0.58% | +0.10 |
| MSFT Microsoft Corp. | Add +5.4% | 3.78% | +0.09 |
| ADI Analog Devices Inc. | Add +75.8% | 0.20% | +0.09 |
| XOM Exxon Mobil Corp. | Add +3.6% | 0.43% | +0.09 |
| VFH Vanguard Financials ETF | Add +12.7% | 0.43% | +0.08 |
| TXN Texas Instruments Inc. | Add +47.2% | 0.24% | +0.08 |
| MA Mastercard Inc. Class A | Add +1.7% | 0.58% | +0.08 |
| IWV iShares Russell 3000 ETF | Add +202.7% | 0.11% | +0.08 |
| GILD Gilead Sciences Inc. | Add +1.4% | 0.29% | +0.07 |
| IBM Intl Business Machines Corp. | Add +0.9% | 0.37% | +0.07 |
| COST Costco Wholesale Corp. | Add +0.8% | 0.58% | +0.07 |
| EIX Edison International | Add +471.7% | 0.09% | +0.07 |
| WPC WP Carey Inc. | Add +160.8% | 0.10% | +0.07 |
| AMD Advanced Micro Devices | Add +44.8% | 0.26% | +0.07 |
| KLAC KLA Corp. | Add +44.7% | 0.15% | +0.06 |
| MAN Manpowergroup Inc. | New | 0.06% | +0.06 |
| UBER Uber Technologies Inc. | Add +99.0% | 0.10% | +0.06 |
| MPWR Monolithic Power Systems Inc. | New | 0.06% | +0.06 |
| EQNR Equinor ASA-Spon ADR | New | 0.06% | +0.06 |
| APH Amphenol Corp. Class A | Add +63.4% | 0.14% | +0.06 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.05% | +0.05 |
| PGR Progressive Corp. | Add +3.6% | 0.20% | +0.05 |
| GEV GE Vernova Inc. | Add +41.8% | 0.16% | +0.05 |
| MU Micron Technology Inc. | Add +32.9% | 0.14% | +0.05 |
| IAU iShares Gold Trust | New | 0.05% | +0.05 |
| ELV Elevance Health Inc. | Add +21.4% | 0.13% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +6.0% | 0.20% | +0.05 |
| HCA HCA Healthcare Inc. | Add +4.0% | 0.19% | +0.04 |
| WMT Walmart Inc. | Add +5.5% | 0.42% | +0.04 |
| KO The Coca-Cola Co. | Add +10.1% | 0.16% | +0.04 |
| AJG Arthur J Gallagher & Co. | Add +0.6% | 0.17% | +0.04 |
| JEPI JPMorgan Equity Premium Inco | Add +85.5% | 0.08% | +0.04 |
| NRG NRG Energy Inc. | Add +0.8% | 0.30% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +8.5% | 0.14% | +0.04 |
| HWM Howmet Aerospace Inc. | Add +1.4% | 0.16% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.7% | 0.31% | +0.04 |
| WELL Welltower Inc. | Add +6.3% | 0.12% | +0.04 |
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 |