Frank, Rimerman Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Frank, Rimerman Advisors LLC reported 561 stock positions worth $1.5 billion. Its top holding was Invesco Nasdaq 100 ETF (QQQM) at 6.6% of the portfolio, followed by Nvidia (NVDA, 5.7%) and Invesco QQQ Trust Series 1 (QQQ, 5.6%). Compared with Q1 2025, it opened 102 new positions, sold out of 53, added to 171 and reduced 231. The biggest buy was Nvidia (NVDA, shares +16%) and the biggest sale Apple (AAPL, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001977560
- Portfolio Value
- $1.5B (Q2 2025)
- SEC Filing
- 0001172661-25-002995 ↗ filed Aug 11, 2025
Holdings Value
Holdings 561 stocks · $1.5B
| QQQM Invesco Nasdaq 100 ETF | 6.62% | 434,028 | $98.6M | Add +2.7% |
| NVDA Nvidia Corp. | 5.73% | 539,940 | $85.3M | Add +15.7% |
| QQQ Invesco QQQ Trust Series 1 | 5.65% | 152,346 | $84.0M | Reduce -1.2% |
| NFLX Netflix Inc. | 5.32% | 59,081 | $79.1M | Add +0.8% |
| MSFT Microsoft Corp. | 4.02% | 120,223 | $59.8M | Reduce -5.3% |
| AAPL Apple Inc. | 3.80% | 275,849 | $56.6M | Reduce -5.5% |
| IVE iShares S&P 500 Value ETF | 3.20% | 243,910 | $47.7M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.08% | 74,178 | $45.8M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 2.77% | 233,997 | $41.2M | Add +13.3% |
| VTI VG Morningstar TS MKT ETF-US | 2.08% | 101,631 | $30.9M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 1.96% | 39,580 | $29.2M | Add +1.8% |
| AMZN Amazon.com Inc. | 1.86% | 126,231 | $27.7M | Reduce -13.1% |
| GOOG Alphabet Inc. Class C | 1.69% | 141,384 | $25.1M | Reduce -1.2% |
| AVGO Broadcom Inc. | 1.24% | 67,114 | $18.5M | Reduce -8.3% |
| JPM JPMorgan Chase & Co. | 1.13% | 58,066 | $16.8M | Add +4.0% |
| TSLA Tesla Inc. | 0.83% | 38,997 | $12.4M | Add +17.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.83% | 54,300 | $12.3M | Add +2.1% |
| V Visa Inc. Class A | 0.71% | 29,619 | $10.5M | Add +2.7% |
| RSP Invesco S&P 500 Equal Weight | 0.70% | 56,907 | $10.3M | Reduce -2.1% |
| VEA Vanguard Ftse Developed ETF | 0.64% | 166,271 | $9.5M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 17,304 | $8.4M | Add +10.6% |
| COST Costco Wholesale Corp. | 0.52% | 7,859 | $7.8M | Add +1.4% |
| MA Mastercard Inc. Class A | 0.51% | 13,584 | $7.6M | Add +1.3% |
| S Sentinelone Inc. Class A | 0.51% | 416,768 | $7.6M | Add +15.7% |
| WMT Walmart Inc. | 0.51% | 77,376 | $7.6M | Add +28.8% |
| RACE Ferrari NV | 0.50% | 15,199 | $7.5M | Add +0.0% |
| JNJ Johnson & Johnson | 0.48% | 46,409 | $7.1M | Add +16.5% |
| PRCT Procept Biorobotics Corp. | 0.47% | 122,082 | $7.0M | No change |
| PM Philip Morris International | 0.47% | 38,116 | $6.9M | Add +22.9% |
| TDG Transdigm Group Inc. | 0.46% | 4,533 | $6.9M | Add +4.1% |
| CSCO Cisco Systems Inc. | 0.45% | 95,773 | $6.6M | Add +26.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 22,385 | $6.6M | Add +19.6% |
| VWO Vanguard Ftse Emerging Marke | 0.44% | 132,156 | $6.5M | No change |
| LLY Eli Lilly & Co. | 0.42% | 8,107 | $6.3M | Reduce -9.0% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.42% | 14,313 | $6.3M | Reduce -0.9% |
| NRG NRG Energy Inc. | 0.41% | 38,459 | $6.2M | Reduce -1.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.41% | 11,932 | $6.1M | Add +8.0% |
| IWC iShares Micro-Cap ETF | 0.41% | 47,340 | $6.0M | Reduce -14.8% |
| VFH Vanguard Financials ETF | 0.40% | 47,074 | $6.0M | Add +3.3% |
| ISRG Intuitive Surgical Inc. | 0.40% | 10,928 | $5.9M | Add +0.1% |
| ABBV Abbvie Inc. | 0.40% | 31,907 | $5.9M | Add +15.5% |
| ACWI iShares MSCI Acwi ETF | 0.38% | 44,053 | $5.7M | No change |
| HD Home Depot Inc. | 0.38% | 15,255 | $5.6M | Add +45.5% |
| PLTR Palantir Technologies Inc. Class A | 0.36% | 39,256 | $5.4M | Add +31.1% |
| MS Morgan Stanley | 0.36% | 37,786 | $5.3M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 0.33% | 111,874 | $4.8M | Add +19.3% |
| XOM Exxon Mobil Corp. | 0.32% | 43,757 | $4.7M | Reduce -3.6% |
| AXP American Express Co. | 0.32% | 14,719 | $4.7M | Add +19.2% |
| PG The Procter & Gamble Co. | 0.31% | 29,405 | $4.7M | Add +124.4% |
| CME Cme Group Inc. | 0.31% | 16,953 | $4.7M | Add +11.8% |
| CRM Salesforce Inc. | 0.30% | 16,554 | $4.5M | Reduce -5.1% |
| T AT&T Inc. | 0.30% | 152,992 | $4.4M | Reduce -0.9% |
| TECK Teck Resources Ltd.-CLS B | 0.28% | 104,737 | $4.2M | Add +0.6% |
| AMAT Applied Materials Inc. | 0.28% | 22,443 | $4.1M | Add +109.9% |
| ORCL Oracle Corp. | 0.28% | 18,724 | $4.1M | Reduce -18.7% |
| GE General Electric filed as GE AEROSPACE | 0.27% | 15,424 | $4.0M | Reduce -14.7% |
| MO Altria Group Inc. | 0.27% | 67,468 | $4.0M | Add +15.3% |
| INTU Intuit Inc. | 0.26% | 4,897 | $3.9M | Add +22.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.26% | 16,134 | $3.8M | Add +11.8% |
| CVX Chevron Corp. | 0.26% | 26,509 | $3.8M | Add +23.5% |
| PFE Pfizer Inc. | 0.25% | 154,336 | $3.7M | Add +9.8% |
| ANGL Vaneck Fallen Angel High YLD | 0.25% | 125,518 | $3.7M | Reduce -0.8% |
| MCD McDonald's Corp. | 0.25% | 12,508 | $3.7M | Add +7.4% |
| AU Anglogold Ashanti PLC | 0.24% | 79,659 | $3.6M | No change |
| NOW ServiceNow Inc. | 0.24% | 3,525 | $3.6M | Add +5.5% |
| GILD Gilead Sciences Inc. | 0.24% | 32,079 | $3.6M | Reduce -2.1% |
| AMD Advanced Micro Devices | 0.24% | 24,693 | $3.5M | Reduce -21.3% |
| IYJ iShares U.S. Industrials ETF | 0.23% | 24,468 | $3.5M | No change |
| IVV iShares Core S&P 500 ETF | 0.23% | 5,593 | $3.5M | No change |
| IWF iShares Russell 1000 Growth | 0.23% | 8,111 | $3.4M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 71,107 | $3.4M | Add +0.5% |
| SPGI S&P Global Inc. | 0.22% | 6,345 | $3.3M | Add +14.4% |
| LYB Lyondellbasell Indu Class A | 0.22% | 57,581 | $3.3M | Add +1060.2% |
| KO The Coca-Cola Co. | 0.22% | 45,790 | $3.2M | Add +64.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.21% | 29,075 | $3.2M | Reduce -0.8% |
| ABT Abbott Laboratories | 0.21% | 23,311 | $3.2M | Add +33.6% |
| DHR Danaher Corp. | 0.21% | 15,910 | $3.1M | Reduce -4.3% |
| AER Aercap Holdings NV | 0.21% | 26,702 | $3.1M | Add +0.4% |
| QCOM Qualcomm Inc. | 0.21% | 19,536 | $3.1M | Add +108.8% |
| BX Blackstone Inc. | 0.21% | 20,709 | $3.1M | Add +44.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.20% | 3,745 | $3.0M | Add +5.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.20% | 86,915 | $2.9M | No change |
| BKNG Booking Holdings Inc. | 0.19% | 485 | $2.8M | Add +63.3% |
| UNH Unitedhealth Group Inc. | 0.19% | 8,979 | $2.8M | Reduce -40.8% |
| UNP Union Pacific Corp. | 0.19% | 12,147 | $2.8M | Reduce -8.8% |
| HWM Howmet Aerospace Inc. | 0.18% | 14,722 | $2.7M | Reduce -3.5% |
| BND Vanguard Total Bond Market | 0.18% | 37,159 | $2.7M | Add +0.0% |
| GEV GE Vernova Inc. | 0.18% | 5,118 | $2.7M | Reduce -20.4% |
| TXN Texas Instruments Inc. | 0.18% | 12,971 | $2.7M | Reduce -21.6% |
| ETN Eaton Corp. PLC | 0.18% | 7,512 | $2.7M | Add +173.3% |
| VXUS Vanguard Total Intl Stock | 0.18% | 38,533 | $2.7M | No change |
| ADP Automatic Data Processing | 0.18% | 8,570 | $2.6M | Add +30.5% |
| PH Parker Hannifin Corp. | 0.18% | 3,769 | $2.6M | Reduce -2.9% |
| UPS United Parcel Service Class B | 0.18% | 25,933 | $2.6M | Add +23.3% |
| CMCSA Comcast Corp. Class A | 0.18% | 73,340 | $2.6M | Add +84.8% |
| IWR iShares Russell Mid-Cap ETF | 0.17% | 27,992 | $2.6M | Add +0.1% |
| HCA HCA Healthcare Inc. | 0.17% | 6,706 | $2.6M | Reduce -2.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.17% | 8,959 | $2.5M | No change |
| APH Amphenol Corp. Class A | 0.17% | 25,351 | $2.5M | Reduce -3.4% |
| O Realty Income Corp. | 0.17% | 42,906 | $2.5M | Add +18.3% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -5.5% | 3.80% | −1.34 |
| UNH Unitedhealth Group Inc. | Reduce -40.8% | 0.19% | −0.44 |
| AMZN Amazon.com Inc. | Reduce -13.1% | 1.86% | −0.33 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.2% | 3.08% | −0.25 |
| LLY Eli Lilly & Co. | Reduce -9.0% | 0.42% | −0.16 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.4% | 2.08% | −0.15 |
| PCAR Paccar Inc. | Reduce -35.5% | 0.16% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -3.6% | 0.32% | −0.11 |
| ACN Accenture PLC Class A | Reduce -27.5% | 0.15% | −0.11 |
| RSP Invesco S&P 500 Equal Weight | Reduce -2.1% | 0.70% | −0.10 |
| ADI Analog Devices Inc. | Reduce -46.8% | 0.11% | −0.09 |
| LRCX Lam Research Corp. | Reduce -53.9% | 0.10% | −0.09 |
| AMGN Amgen Inc. | Reduce -27.6% | 0.11% | −0.09 |
| JHG Janus Henderson Group PLC | Sold out | 0.00% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 1.69% | −0.09 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.2% | 5.65% | −0.08 |
| IWC iShares Micro-Cap ETF | Reduce -14.8% | 0.41% | −0.08 |
| KHC The Kraft Heinz Co. | Reduce -63.5% | 0.03% | −0.08 |
| FISV Fiserv Inc. | Reduce -28.5% | 0.07% | −0.08 |
| DOW Dow Inc. | Reduce -23.2% | 0.07% | −0.07 |
| KLAC KLA Corp. | Reduce -53.6% | 0.08% | −0.07 |
| ADBE Adobe Inc. | Reduce -22.9% | 0.13% | −0.07 |
| CRM Salesforce Inc. | Reduce -5.1% | 0.30% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.5% | 0.13% | −0.07 |
| OKE Oneok Inc. | Reduce -37.4% | 0.05% | −0.07 |
| PFG Principal Financial Group | Sold out | 0.00% | −0.06 |
| UNP Union Pacific Corp. | Reduce -8.8% | 0.19% | −0.06 |
| MAN Manpowergroup Inc. | Sold out | 0.00% | −0.06 |
| DHR Danaher Corp. | Reduce -4.3% | 0.21% | −0.06 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.06 |
| EQNR Equinor ASA-Spon ADR | Sold out | 0.00% | −0.06 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -0.9% | 0.42% | −0.06 |
| TXN Texas Instruments Inc. | Reduce -21.6% | 0.18% | −0.05 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.05 |
| GILD Gilead Sciences Inc. | Reduce -2.1% | 0.24% | −0.05 |
| T AT&T Inc. | Reduce -0.9% | 0.30% | −0.05 |
| PGR Progressive Corp. | Reduce -3.5% | 0.16% | −0.05 |
| STWD Starwood Property Trust Inc. | Reduce -43.9% | 0.04% | −0.05 |
| OWL Blue Owl Capital Inc. | Reduce -71.0% | 0.01% | −0.05 |
| USB US Bancorp | Reduce -57.9% | 0.03% | −0.05 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -4.4% | 0.13% | −0.04 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -0.8% | 0.25% | −0.04 |
| IWV iShares Russell 3000 ETF | Reduce -32.8% | 0.07% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -4.1% | 0.16% | −0.04 |
| PAYX Paychex Inc. | Reduce -2.8% | 0.14% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -8.6% | 0.10% | −0.04 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.04 |
| NSC Norfolk Southern Corp. | Reduce -56.2% | 0.03% | −0.04 |
| SBUX Starbucks Corp. | Reduce -9.4% | 0.10% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +15.7% | 5.73% | +1.73 |
| NFLX Netflix Inc. | Add +0.8% | 5.32% | +0.99 |
| GOOGL Alphabet Inc. Class A | Add +13.3% | 2.77% | +0.24 |
| LYB Lyondellbasell Indu Class A | Add +1060.2% | 0.22% | +0.20 |
| META Meta Platforms Inc. Class A | Add +1.8% | 1.96% | +0.19 |
| QQQM Invesco Nasdaq 100 ETF | Add +2.7% | 6.62% | +0.16 |
| PLTR Palantir Technologies Inc. Class A | Add +31.1% | 0.36% | +0.16 |
| AMAT Applied Materials Inc. | Add +109.9% | 0.28% | +0.15 |
| TSLA Tesla Inc. | Add +17.1% | 0.83% | +0.15 |
| PG The Procter & Gamble Co. | Add +124.4% | 0.31% | +0.14 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.1% | 0.83% | +0.13 |
| ETN Eaton Corp. PLC | Add +173.3% | 0.18% | +0.12 |
| INFY Infosys Ltd.-SP ADR | New | 0.11% | +0.11 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +8.0% | 0.41% | +0.10 |
| QCOM Qualcomm Inc. | Add +108.8% | 0.21% | +0.10 |
| WMT Walmart Inc. | Add +28.8% | 0.51% | +0.09 |
| WIT Wipro Ltd.-ADR | Add +3247.2% | 0.09% | +0.08 |
| MSM MSC Industrial Direct Co. Class A | New | 0.08% | +0.08 |
| BKNG Booking Holdings Inc. | Add +63.3% | 0.19% | +0.08 |
| PM Philip Morris International | Add +22.9% | 0.47% | +0.08 |
| CSCO Cisco Systems Inc. | Add +26.5% | 0.45% | +0.08 |
| IBM Intl Business Machines Corp. | Add +19.6% | 0.44% | +0.07 |
| HD Home Depot Inc. | Add +45.5% | 0.38% | +0.07 |
| RY Royal Bank of Canada | New | 0.07% | +0.07 |
| BABA Alibaba Group Holding-SP ADR | New | 0.07% | +0.07 |
| INTU Intuit Inc. | Add +22.6% | 0.26% | +0.06 |
| SAP Sap SE-Sponsored ADR | Add +75.3% | 0.15% | +0.06 |
| KO The Coca-Cola Co. | Add +64.9% | 0.22% | +0.06 |
| CMCSA Comcast Corp. Class A | Add +84.8% | 0.18% | +0.06 |
| DDS Dillards Inc. Class A | New | 0.06% | +0.06 |
| SNPS Synopsys Inc. | Add +60.6% | 0.14% | +0.06 |
| SHEL Shell PLC-ADR | Add +280.2% | 0.08% | +0.05 |
| AXP American Express Co. | Add +19.2% | 0.32% | +0.05 |
| LAZ Lazard Inc. | New | 0.05% | +0.05 |
| CHRD Chord Energy Corp. | New | 0.05% | +0.05 |
| SU Suncor Energy Inc. | New | 0.05% | +0.05 |
| BX Blackstone Inc. | Add +44.4% | 0.21% | +0.05 |
| BCE Bce Inc. | New | 0.05% | +0.05 |
| SHOP Shopify Inc. Class A | Add +252.4% | 0.07% | +0.05 |
| KEY Keycorp | New | 0.05% | +0.05 |
| RCI Rogers Communications Inc. Class B | New | 0.05% | +0.05 |
| HST Host Hotels & Resorts Inc. | New | 0.05% | +0.05 |
| UBER Uber Technologies Inc. | Add +35.9% | 0.15% | +0.05 |
| AMCR Amcor PLC | New | 0.05% | +0.05 |
| BIIB Biogen Inc. | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +4.0% | 1.13% | +0.05 |
| KB KB Financial Group Inc.-ADR | New | 0.05% | +0.05 |
| CAG Conagra Brands Inc. | New | 0.04% | +0.04 |
| COF Capital One Financial Corp. | Add +94.0% | 0.09% | +0.04 |
| AFG American Financial Group Inc. | Add +124.2% | 0.09% | +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 |