Frank, Rimerman Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Frank, Rimerman Advisors LLC reported 593 stock positions worth $1.6 billion. Its top holding was Nvidia (NVDA) at 6.6% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 5.9%) and Netflix (NFLX, 4.5%). Compared with Q2 2025, it opened 69 new positions, sold out of 37, added to 257 and reduced 181. The biggest buy was Alphabet Class A (GOOGL, shares +3%) and the biggest sale Invesco Nasdaq 100 ETF (QQQM, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001977560
- Portfolio Value
- $1.6B (Q3 2025)
- SEC Filing
- 0001172661-25-004566 ↗ filed Nov 4, 2025
Holdings Value
Holdings 593 stocks · $1.6B
| NVDA Nvidia Corp. | 6.57% | 548,844 | $102.4M | Add +1.6% |
| QQQ Invesco QQQ Trust Series 1 | 5.88% | 152,577 | $91.6M | Add +0.1% |
| NFLX Netflix Inc. | 4.54% | 59,070 | $70.8M | Reduce -0.0% |
| AAPL Apple Inc. | 4.49% | 275,067 | $70.0M | Reduce -0.3% |
| QQQM Invesco Nasdaq 100 ETF | 4.10% | 258,415 | $63.9M | Reduce -40.5% |
| MSFT Microsoft Corp. | 4.02% | 121,033 | $62.7M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 3.75% | 240,671 | $58.5M | Add +2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.18% | 74,513 | $49.6M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 2.24% | 143,128 | $34.9M | Add +1.2% |
| VTI VG Morningstar TS MKT ETF-US | 2.06% | 98,021 | $32.2M | Reduce -3.5% |
| META Meta Platforms Inc. Class A | 1.91% | 40,526 | $29.8M | Add +2.4% |
| AMZN Amazon.com Inc. | 1.82% | 128,917 | $28.3M | Add +2.1% |
| AVGO Broadcom Inc. | 1.57% | 74,054 | $24.4M | Add +10.3% |
| IVE iShares S&P 500 Value ETF | 1.55% | 117,200 | $24.2M | Reduce -52.0% |
| JPM JPMorgan Chase & Co. | 1.18% | 58,168 | $18.3M | Add +0.2% |
| TSLA Tesla Inc. | 1.15% | 40,421 | $18.0M | Add +3.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.97% | 54,271 | $15.2M | Reduce -0.1% |
| RSP Invesco S&P 500 Equal Weight | 0.69% | 56,810 | $10.8M | Reduce -0.2% |
| VEA Vanguard Ftse Developed ETF | 0.68% | 175,946 | $10.5M | Add +5.8% |
| V Visa Inc. Class A | 0.65% | 29,613 | $10.1M | Reduce -0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 18,164 | $9.1M | Add +5.0% |
| JNJ Johnson & Johnson | 0.57% | 47,938 | $8.9M | Add +3.3% |
| WMT Walmart Inc. | 0.53% | 79,962 | $8.2M | Add +3.3% |
| MA Mastercard Inc. Class A | 0.49% | 13,520 | $7.7M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.49% | 33,022 | $7.6M | Add +3.5% |
| RACE Ferrari NV | 0.47% | 15,229 | $7.4M | Add +0.2% |
| COST Costco Wholesale Corp. | 0.46% | 7,772 | $7.2M | Reduce -1.1% |
| VWO Vanguard Ftse Emerging Marke | 0.46% | 132,156 | $7.2M | No change |
| PLTR Palantir Technologies Inc. Class A | 0.45% | 38,828 | $7.1M | Reduce -1.1% |
| IWC iShares Micro-Cap ETF | 0.45% | 47,097 | $7.0M | Reduce -0.5% |
| CSCO Cisco Systems Inc. | 0.43% | 98,031 | $6.7M | Add +2.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.43% | 14,313 | $6.6M | No change |
| ORCL Oracle Corp. | 0.42% | 23,349 | $6.6M | Add +24.7% |
| HD Home Depot Inc. | 0.42% | 16,042 | $6.5M | Add +5.2% |
| LLY Eli Lilly & Co. | 0.42% | 8,497 | $6.5M | Add +4.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.40% | 22,338 | $6.3M | Reduce -0.2% |
| NRG NRG Energy Inc. | 0.40% | 38,475 | $6.2M | Add +0.0% |
| VFH Vanguard Financials ETF | 0.40% | 47,294 | $6.2M | Add +0.5% |
| PM Philip Morris International | 0.40% | 38,041 | $6.2M | Reduce -0.2% |
| ACWI iShares MSCI Acwi ETF | 0.39% | 44,053 | $6.1M | No change |
| MS Morgan Stanley | 0.39% | 37,974 | $6.0M | Add +0.5% |
| TDG Transdigm Group Inc. | 0.38% | 4,516 | $6.0M | Reduce -0.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.38% | 11,940 | $5.9M | Add +0.1% |
| AU Anglogold Ashanti PLC | 0.36% | 79,659 | $5.6M | No change |
| XOM Exxon Mobil Corp. | 0.35% | 47,710 | $5.4M | Add +9.0% |
| VZ Verizon Communications Inc. | 0.32% | 114,858 | $5.0M | Add +2.7% |
| PFE Pfizer Inc. | 0.32% | 196,970 | $5.0M | Add +27.6% |
| CME Cme Group Inc. | 0.32% | 18,335 | $5.0M | Add +8.2% |
| CVX Chevron Corp. | 0.32% | 31,731 | $4.9M | Add +19.7% |
| AXP American Express Co. | 0.31% | 14,708 | $4.9M | Reduce -0.1% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 15,411 | $4.6M | Reduce -0.1% |
| TECK Teck Resources Ltd.-CLS B | 0.29% | 104,729 | $4.6M | Reduce -0.0% |
| AMAT Applied Materials Inc. | 0.29% | 22,387 | $4.6M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 0.29% | 13,250 | $4.6M | Add +47.6% |
| MO Altria Group Inc. | 0.29% | 68,997 | $4.6M | Add +2.3% |
| PRCT Procept Biorobotics Corp. | 0.28% | 122,389 | $4.4M | Add +0.3% |
| T AT&T Inc. | 0.28% | 152,775 | $4.3M | Reduce -0.1% |
| MCD McDonald's Corp. | 0.27% | 13,752 | $4.2M | Add +9.9% |
| ISRG Intuitive Surgical Inc. | 0.27% | 9,257 | $4.1M | Reduce -15.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.26% | 16,132 | $4.1M | Reduce -0.0% |
| AMD Advanced Micro Devices | 0.25% | 24,501 | $4.0M | Reduce -0.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.25% | 4,026 | $3.9M | Add +7.5% |
| GILD Gilead Sciences Inc. | 0.25% | 35,021 | $3.9M | Add +9.2% |
| BX Blackstone Inc. | 0.25% | 22,420 | $3.8M | Add +8.3% |
| IWF iShares Russell 1000 Growth | 0.24% | 8,111 | $3.8M | No change |
| PG The Procter & Gamble Co. | 0.24% | 24,658 | $3.8M | Reduce -16.1% |
| IVV iShares Core S&P 500 ETF | 0.24% | 5,595 | $3.7M | Add +0.0% |
| ANGL Vaneck Fallen Angel High YLD | 0.24% | 125,518 | $3.7M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 71,443 | $3.7M | Add +0.5% |
| IYJ iShares U.S. Industrials ETF | 0.23% | 24,468 | $3.6M | No change |
| QCOM Qualcomm Inc. | 0.22% | 20,915 | $3.5M | Add +7.1% |
| S Sentinelone Inc. Class A | 0.22% | 197,123 | $3.5M | Reduce -52.7% |
| INTU Intuit Inc. | 0.21% | 4,880 | $3.3M | Reduce -0.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.21% | 28,986 | $3.2M | Reduce -0.3% |
| AER Aercap Holdings NV | 0.21% | 26,702 | $3.2M | No change |
| NOW ServiceNow Inc. | 0.21% | 3,500 | $3.2M | Reduce -0.7% |
| APH Amphenol Corp. Class A | 0.20% | 25,472 | $3.2M | Add +0.5% |
| GEV GE Vernova Inc. | 0.20% | 5,121 | $3.1M | Add +0.1% |
| VNQ Vanguard Real Estate ETF | 0.20% | 33,995 | $3.1M | Add +27.4% |
| ABT Abbott Laboratories | 0.20% | 23,050 | $3.1M | Reduce -1.1% |
| SPGI S&P Global Inc. | 0.20% | 6,263 | $3.0M | Reduce -1.3% |
| MU Micron Technology Inc. | 0.19% | 17,732 | $3.0M | Add +12.4% |
| DHR Danaher Corp. | 0.19% | 14,685 | $2.9M | Reduce -7.7% |
| UNP Union Pacific Corp. | 0.19% | 12,292 | $2.9M | Add +1.2% |
| MRK Merck & Co. Inc. | 0.19% | 34,493 | $2.9M | Add +19.2% |
| HWM Howmet Aerospace Inc. | 0.18% | 14,699 | $2.9M | Reduce -0.2% |
| HCA HCA Healthcare Inc. | 0.18% | 6,762 | $2.9M | Add +0.8% |
| PH Parker Hannifin Corp. | 0.18% | 3,771 | $2.9M | Add +0.1% |
| O Realty Income Corp. | 0.18% | 46,783 | $2.8M | Add +9.0% |
| CRM Salesforce Inc. | 0.18% | 11,997 | $2.8M | Reduce -27.5% |
| VXUS Vanguard Total Intl Stock | 0.18% | 38,234 | $2.8M | Reduce -0.8% |
| ETN Eaton Corp. PLC | 0.18% | 7,495 | $2.8M | Reduce -0.2% |
| WFC Wells Fargo & Co. | 0.18% | 33,324 | $2.8M | Add +10.2% |
| BND Vanguard Total Bond Market | 0.18% | 37,495 | $2.8M | Add +0.9% |
| IWR iShares Russell Mid-Cap ETF | 0.17% | 28,028 | $2.7M | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.17% | 9,095 | $2.7M | Add +1.5% |
| RDDT Reddit Inc. Class A | 0.17% | 11,554 | $2.7M | Add +2.5% |
| IBN Icici Bank Ltd.-Spon ADR | 0.17% | 86,915 | $2.6M | No change |
| TXN Texas Instruments Inc. | 0.17% | 14,272 | $2.6M | Add +10.0% |
| LIN Linde PLC | 0.17% | 5,481 | $2.6M | Add +16.1% |
Portfolio Sells Q2 2025 → Q3 2025
| QQQM Invesco Nasdaq 100 ETF | Reduce -40.5% | 4.10% | −2.53 |
| IVE iShares S&P 500 Value ETF | Reduce -52.0% | 1.55% | −1.65 |
| NFLX Netflix Inc. | Reduce -0.0% | 4.54% | −0.77 |
| S Sentinelone Inc. Class A | Reduce -52.7% | 0.22% | −0.29 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.22 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.18 |
| ISRG Intuitive Surgical Inc. | Reduce -15.3% | 0.27% | −0.13 |
| CRM Salesforce Inc. | Reduce -27.5% | 0.18% | −0.12 |
| CMCSA Comcast Corp. Class A | Reduce -43.2% | 0.08% | −0.09 |
| KO The Coca-Cola Co. | Reduce -34.3% | 0.13% | −0.09 |
| TDG Transdigm Group Inc. | Reduce -0.4% | 0.38% | −0.08 |
| SAP Sap SE-Sponsored ADR | Reduce -41.5% | 0.08% | −0.08 |
| DOW Dow Inc. | Sold out | 0.00% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -16.1% | 0.24% | −0.07 |
| PM Philip Morris International | Reduce -0.2% | 0.40% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 0.46% | −0.06 |
| V Visa Inc. Class A | Reduce -0.0% | 0.65% | −0.06 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.05 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.05 |
| CHX Championx Corp. | Sold out | 0.00% | −0.05 |
| INTU Intuit Inc. | Reduce -0.3% | 0.21% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -15.4% | 0.08% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -0.2% | 0.40% | −0.04 |
| WDAY Workday Inc. Class A | Reduce -51.2% | 0.03% | −0.04 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.04 |
| NOW ServiceNow Inc. | Reduce -0.7% | 0.21% | −0.04 |
| ELV Elevance Health Inc. | Reduce -22.5% | 0.06% | −0.04 |
| MSTR Strategy Inc. | Reduce -41.4% | 0.03% | −0.04 |
| CNC Centene Corp. | Sold out | 0.00% | −0.03 |
| SPGI S&P Global Inc. | Reduce -1.3% | 0.20% | −0.03 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.03 |
| CNA Cna Financial Corp. | Sold out | 0.00% | −0.03 |
| ADBE Adobe Inc. | Reduce -9.7% | 0.10% | −0.03 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.03 |
| FTNT Fortinet Inc. | Reduce -2.6% | 0.08% | −0.03 |
| CMG Chipotle Mexican Grill Inc. | Reduce -48.5% | 0.01% | −0.03 |
| KDP Keurig Dr Pepper Inc. | Reduce -48.3% | 0.02% | −0.03 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.03 |
| SWKS Skyworks Solutions Inc. | Reduce -36.3% | 0.04% | −0.03 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -44.0% | 0.04% | −0.03 |
| WM Waste Management Inc. | Reduce -35.6% | 0.04% | −0.03 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -10.6% | 0.09% | −0.02 |
| CCI Crown Castle Inc. | Reduce -57.9% | 0.01% | −0.02 |
| DHR Danaher Corp. | Reduce -7.7% | 0.19% | −0.02 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.02 |
| FISV Fiserv Inc. | Reduce -6.4% | 0.05% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -1.0% | 0.17% | −0.02 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.02 |
| DE Deere & Co. | Reduce -2.3% | 0.12% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +2.9% | 3.75% | +0.98 |
| NVDA Nvidia Corp. | Add +1.6% | 6.57% | +0.84 |
| GOOG Alphabet Inc. Class C | Add +1.2% | 2.24% | +0.55 |
| AVGO Broadcom Inc. | Add +10.3% | 1.57% | +0.32 |
| TSLA Tesla Inc. | Add +3.6% | 1.15% | +0.32 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 5.88% | +0.23 |
| ORCL Oracle Corp. | Add +24.7% | 0.42% | +0.15 |
| RHI Robert Half Inc. | New | 0.12% | +0.12 |
| UNH Unitedhealth Group Inc. | Add +47.6% | 0.29% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 3.18% | +0.10 |
| JNJ Johnson & Johnson | Add +3.3% | 0.57% | +0.09 |
| ABBV Abbvie Inc. | Add +3.5% | 0.49% | +0.09 |
| PFE Pfizer Inc. | Add +27.6% | 0.32% | +0.07 |
| BABA Alibaba Group Holding-SP ADR | Add +31.7% | 0.13% | +0.07 |
| CVX Chevron Corp. | Add +19.7% | 0.32% | +0.06 |
| MU Micron Technology Inc. | Add +12.4% | 0.19% | +0.06 |
| RDDT Reddit Inc. Class A | Add +2.5% | 0.17% | +0.06 |
| OMF Onemain Holdings Inc. | Add +157.7% | 0.09% | +0.06 |
| APP AppLovin Corp. Class A | Add +8.6% | 0.10% | +0.06 |
| SLB SLB Ltd. | New | 0.05% | +0.05 |
| AFG American Financial Group Inc. | Add +43.6% | 0.14% | +0.05 |
| FLO Flowers Foods Inc. | New | 0.05% | +0.05 |
| HUN Huntsman Corp. | New | 0.05% | +0.05 |
| VST Vistra Corp. | Add +102.2% | 0.10% | +0.05 |
| ASML ASML Holding NV-NY Reg SHS | Add +7.5% | 0.25% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 1.18% | +0.05 |
| F Ford Motor Co. | New | 0.04% | +0.04 |
| LRCX Lam Research Corp. | Add +7.3% | 0.14% | +0.04 |
| PEP Pepsico Inc. | Add +32.5% | 0.16% | +0.04 |
| HD Home Depot Inc. | Add +5.2% | 0.42% | +0.04 |
| VNQ Vanguard Real Estate ETF | Add +27.4% | 0.20% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +5.8% | 0.68% | +0.04 |
| BX Blackstone Inc. | Add +8.3% | 0.25% | +0.04 |
| BIDU Baidu Inc. - Spon ADR | Add +89.6% | 0.06% | +0.04 |
| BBY Best Buy Co. Inc. | New | 0.04% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | New | 0.03% | +0.03 |
| APH Amphenol Corp. Class A | Add +0.5% | 0.20% | +0.03 |
| TEL Te Connectivity PLC | New | 0.03% | +0.03 |
| CAT Caterpillar Inc. | Add +10.9% | 0.14% | +0.03 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +133.4% | 0.06% | +0.03 |
| NVS Novartis AG-Sponsored ADR | Add +68.1% | 0.08% | +0.03 |
| MRK Merck & Co. Inc. | Add +19.2% | 0.19% | +0.03 |
| WDC Western Digital Corp. | New | 0.03% | +0.03 |
| IPG Interpublic Group of Cos Inc. | Add +192.8% | 0.04% | +0.03 |
| INTC Intel Corp. | Add +12.3% | 0.08% | +0.03 |
| MS Morgan Stanley | Add +0.5% | 0.39% | +0.03 |
| STX Seagate Technology Holdings | New | 0.03% | +0.03 |
| ANET Arista Networks Inc. | Add +15.4% | 0.08% | +0.03 |
| XOM Exxon Mobil Corp. | Add +9.0% | 0.35% | +0.03 |
| CMI Cummins Inc. | Add +11.7% | 0.10% | +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 |