Frank, Rimerman Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 15, 2026), Frank, Rimerman Advisors LLC reported 600 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, 5.8%) and Alphabet Class A (GOOGL, 5.0%). Compared with Q3 2025, it opened 60 new positions, sold out of 53, added to 334 and reduced 135. The biggest buy was Alphabet Class A (GOOGL, shares +5%) and the biggest sale Invesco Nasdaq 100 ETF (QQQM, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001977560
- Portfolio Value
- $1.6B (Q4 2025)
- SEC Filing
- 0001172661-26-000203 ↗ filed Jan 15, 2026
Holdings Value
Holdings 600 stocks · $1.6B
| NVDA Nvidia Corp. | 6.62% | 559,884 | $104.4M | Add +2.0% |
| QQQ Invesco QQQ Trust Series 1 | 5.76% | 148,015 | $90.9M | Reduce -3.0% |
| GOOGL Alphabet Inc. Class A | 5.00% | 252,137 | $78.9M | Add +4.8% |
| AAPL Apple Inc. | 4.87% | 282,326 | $76.8M | Add +2.6% |
| MSFT Microsoft Corp. | 3.77% | 122,864 | $59.4M | Add +1.5% |
| NFLX Netflix Inc. | 3.50% | 588,508 | $55.2M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.24% | 74,932 | $51.1M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 2.78% | 139,720 | $43.8M | Reduce -2.4% |
| QQQM Invesco Nasdaq 100 ETF | 2.23% | 139,314 | $35.2M | Reduce -46.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.07% | 97,509 | $32.7M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 2.03% | 138,533 | $32.0M | Add +7.5% |
| AVGO Broadcom Inc. | 1.77% | 80,873 | $28.0M | Add +9.2% |
| META Meta Platforms Inc. Class A | 1.65% | 39,439 | $26.0M | Reduce -2.7% |
| JPM JPMorgan Chase & Co. | 1.19% | 58,361 | $18.8M | Add +0.3% |
| TSLA Tesla Inc. | 1.19% | 41,708 | $18.8M | Add +3.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.06% | 54,976 | $16.7M | Add +1.3% |
| LLY Eli Lilly & Co. | 0.74% | 10,792 | $11.6M | Add +27.0% |
| RSP Invesco S&P 500 Equal Weight | 0.72% | 59,293 | $11.4M | Add +4.4% |
| VEA Vanguard Ftse Developed ETF | 0.71% | 179,379 | $11.2M | Add +1.9% |
| V Visa Inc. Class A | 0.65% | 29,175 | $10.2M | Reduce -1.5% |
| JNJ Johnson & Johnson | 0.63% | 47,999 | $9.9M | Add +0.1% |
| WMT Walmart Inc. | 0.60% | 85,415 | $9.5M | Add +6.8% |
| CSCO Cisco Systems Inc. | 0.51% | 103,760 | $8.0M | Add +5.8% |
| MA Mastercard Inc. Class A | 0.49% | 13,532 | $7.7M | Add +0.1% |
| IWC iShares Micro-Cap ETF | 0.49% | 48,761 | $7.7M | Add +3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.49% | 15,279 | $7.7M | Reduce -15.9% |
| ABBV Abbvie Inc. | 0.48% | 33,170 | $7.6M | Add +0.5% |
| MU Micron Technology Inc. | 0.48% | 26,489 | $7.6M | Add +49.4% |
| COST Costco Wholesale Corp. | 0.46% | 8,361 | $7.2M | Add +7.6% |
| VWO Vanguard Ftse Emerging Marke | 0.45% | 132,156 | $7.1M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.45% | 23,969 | $7.1M | Add +7.3% |
| PLTR Palantir Technologies Inc. Class A | 0.44% | 38,916 | $6.9M | Add +0.2% |
| AU Anglogold Ashanti PLC | 0.43% | 79,659 | $6.8M | No change |
| MS Morgan Stanley | 0.43% | 38,003 | $6.7M | Add +0.1% |
| AMD Advanced Micro Devices | 0.42% | 30,887 | $6.6M | Add +26.1% |
| VFH Vanguard Financials ETF | 0.42% | 49,176 | $6.6M | Add +4.0% |
| TDG Transdigm Group Inc. | 0.42% | 4,936 | $6.6M | Add +9.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.41% | 13,586 | $6.5M | Reduce -5.1% |
| XOM Exxon Mobil Corp. | 0.40% | 52,598 | $6.3M | Add +10.3% |
| ACWI iShares MSCI Acwi ETF | 0.40% | 44,053 | $6.2M | No change |
| NRG NRG Energy Inc. | 0.39% | 38,478 | $6.1M | Add +0.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.37% | 12,576 | $5.9M | Add +5.3% |
| AMAT Applied Materials Inc. | 0.37% | 22,722 | $5.8M | Add +1.5% |
| RACE Ferrari NV | 0.36% | 15,239 | $5.6M | Add +0.1% |
| AXP American Express Co. | 0.35% | 14,762 | $5.5M | Add +0.4% |
| CME Cme Group Inc. | 0.34% | 19,909 | $5.4M | Add +8.6% |
| HD Home Depot Inc. | 0.33% | 15,144 | $5.2M | Reduce -5.6% |
| CVX Chevron Corp. | 0.33% | 33,774 | $5.1M | Add +6.4% |
| TECK Teck Resources Ltd.-CLS B | 0.32% | 104,726 | $5.0M | Reduce 0.0% |
| PM Philip Morris International | 0.31% | 30,555 | $4.9M | Reduce -19.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.31% | 18,970 | $4.9M | Add +17.6% |
| ISRG Intuitive Surgical Inc. | 0.31% | 8,578 | $4.9M | Reduce -7.3% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 15,511 | $4.8M | Add +0.7% |
| UNH Unitedhealth Group Inc. | 0.29% | 14,085 | $4.6M | Add +6.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.28% | 4,066 | $4.4M | Add +1.0% |
| GILD Gilead Sciences Inc. | 0.27% | 35,105 | $4.3M | Add +0.2% |
| KO The Coca-Cola Co. | 0.27% | 61,403 | $4.3M | Add +103.9% |
| PFE Pfizer Inc. | 0.26% | 164,012 | $4.1M | Reduce -16.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 71,627 | $3.9M | Add +0.3% |
| QCOM Qualcomm Inc. | 0.25% | 23,008 | $3.9M | Add +10.0% |
| PRCT Procept Biorobotics Corp. | 0.24% | 122,482 | $3.9M | Add +0.1% |
| AER Aercap Holdings NV | 0.24% | 26,714 | $3.8M | Add +0.0% |
| APH Amphenol Corp. Class A | 0.24% | 28,412 | $3.8M | Add +11.5% |
| IWF iShares Russell 1000 Growth | 0.24% | 8,111 | $3.8M | No change |
| IVV iShares Core S&P 500 ETF | 0.24% | 5,595 | $3.8M | No change |
| T AT&T Inc. | 0.24% | 153,071 | $3.8M | Add +0.2% |
| VZ Verizon Communications Inc. | 0.24% | 92,226 | $3.8M | Reduce -19.7% |
| MRK Merck & Co. Inc. | 0.23% | 35,160 | $3.7M | Add +1.9% |
| ANGL Vaneck Fallen Angel High YLD | 0.23% | 125,518 | $3.7M | No change |
| ORCL Oracle Corp. | 0.23% | 18,875 | $3.7M | Reduce -19.2% |
| UPS United Parcel Service Class B | 0.23% | 36,734 | $3.6M | New |
| IYJ iShares U.S. Industrials ETF | 0.23% | 24,468 | $3.6M | No change |
| INTU Intuit Inc. | 0.23% | 5,425 | $3.6M | Add +11.2% |
| MCD McDonald's Corp. | 0.23% | 11,655 | $3.6M | Reduce -15.3% |
| CRM Salesforce Inc. | 0.22% | 13,248 | $3.5M | Add +10.4% |
| MO Altria Group Inc. | 0.22% | 60,847 | $3.5M | Reduce -11.8% |
| DHR Danaher Corp. | 0.22% | 15,115 | $3.5M | Add +2.9% |
| WFC Wells Fargo & Co. | 0.22% | 37,098 | $3.5M | Add +11.3% |
| GEV GE Vernova Inc. | 0.21% | 5,146 | $3.4M | Add +0.5% |
| PH Parker Hannifin Corp. | 0.21% | 3,818 | $3.4M | Add +1.3% |
| VNQ Vanguard Real Estate ETF | 0.21% | 37,628 | $3.3M | Add +10.7% |
| SPGI S&P Global Inc. | 0.21% | 6,327 | $3.3M | Add +1.0% |
| BND Vanguard Total Bond Market | 0.21% | 44,415 | $3.3M | Add +18.5% |
| BX Blackstone Inc. | 0.20% | 20,773 | $3.2M | Reduce -7.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.20% | 28,986 | $3.2M | No change |
| HCA HCA Healthcare Inc. | 0.20% | 6,801 | $3.2M | Add +0.6% |
| CAT Caterpillar Inc. | 0.20% | 5,391 | $3.1M | Add +14.0% |
| HWM Howmet Aerospace Inc. | 0.19% | 14,740 | $3.0M | Add +0.3% |
| PEP Pepsico Inc. | 0.19% | 20,772 | $3.0M | Add +16.4% |
| PCAR Paccar Inc. | 0.19% | 27,099 | $3.0M | Add +6.1% |
| VXUS Vanguard Total Intl Stock | 0.18% | 38,234 | $2.9M | No change |
| LRCX Lam Research Corp. | 0.18% | 16,789 | $2.9M | Add +0.5% |
| RDDT Reddit Inc. Class A | 0.18% | 12,308 | $2.8M | Add +6.5% |
| GS Goldman Sachs Group Inc. | 0.18% | 3,199 | $2.8M | Add +16.8% |
| UNP Union Pacific Corp. | 0.18% | 12,090 | $2.8M | Reduce -1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 4,797 | $2.8M | Add +1.1% |
| NOW ServiceNow Inc. | 0.17% | 17,939 | $2.7M | Add +2.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.17% | 9,300 | $2.7M | Add +2.3% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 49,493 | $2.7M | Add +13.8% |
| IWR iShares Russell Mid-Cap ETF | 0.17% | 27,665 | $2.7M | Reduce -1.3% |
Portfolio Sells Q3 2025 → Q4 2025
| QQQM Invesco Nasdaq 100 ETF | Reduce -46.1% | 2.23% | −1.86 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −1.55 |
| NFLX Netflix Inc. | Reduce -0.4% | 3.50% | −1.05 |
| META Meta Platforms Inc. Class A | Reduce -2.7% | 1.65% | −0.26 |
| ORCL Oracle Corp. | Reduce -19.2% | 0.23% | −0.19 |
| PG The Procter & Gamble Co. | Reduce -54.4% | 0.10% | −0.14 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.0% | 5.76% | −0.11 |
| PAYX Paychex Inc. | Reduce -86.7% | 0.01% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -15.9% | 0.49% | −0.10 |
| LIN Linde PLC | Reduce -53.4% | 0.07% | −0.10 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −0.09 |
| HD Home Depot Inc. | Reduce -5.6% | 0.33% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -19.7% | 0.24% | −0.09 |
| PM Philip Morris International | Reduce -19.7% | 0.31% | −0.09 |
| ADP Automatic Data Processing | Reduce -39.6% | 0.08% | −0.08 |
| RHI Robert Half Inc. | Reduce -53.2% | 0.04% | −0.08 |
| SNPS Synopsys Inc. | Reduce -46.3% | 0.07% | −0.07 |
| S Sentinelone Inc. Class A | Reduce -19.5% | 0.15% | −0.07 |
| MO Altria Group Inc. | Reduce -11.8% | 0.22% | −0.07 |
| PFE Pfizer Inc. | Reduce -16.7% | 0.26% | −0.06 |
| ABT Abbott Laboratories | Reduce -26.1% | 0.14% | −0.06 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.06 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.06 |
| SKM SK Telecom Co. Ltd.-Spon ADR | Sold out | 0.00% | −0.05 |
| VST Vistra Corp. | Reduce -39.7% | 0.05% | −0.05 |
| HUN Huntsman Corp. | Sold out | 0.00% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -52.7% | 0.04% | −0.05 |
| WCN Waste Connections Inc. | Sold out | 0.00% | −0.05 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.04 |
| BX Blackstone Inc. | Reduce -7.3% | 0.20% | −0.04 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -43.5% | 0.05% | −0.04 |
| MCD McDonald's Corp. | Reduce -15.3% | 0.23% | −0.04 |
| CTAS Cintas Corp. | Reduce -44.1% | 0.04% | −0.04 |
| STWD Starwood Property Trust Inc. | Sold out | 0.00% | −0.04 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.04 |
| HPQ HP Inc. | Reduce -63.9% | 0.02% | −0.04 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.04 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.03 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -3.8% | 0.12% | −0.03 |
| VICI Vici Properties Inc. | Reduce -35.8% | 0.04% | −0.03 |
| O Realty Income Corp. | Reduce -9.0% | 0.15% | −0.03 |
| DOX Amdocs Ltd. | Sold out | 0.00% | −0.03 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -0.1% | 0.15% | −0.03 |
| RBLX Roblox Corp. Class A | Reduce -41.7% | 0.01% | −0.03 |
| QGEN Qiagen N.V. | Sold out | 0.00% | −0.03 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.03 |
| FAST Fastenal Co. | Reduce -0.9% | 0.11% | −0.03 |
| XYZ Block Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +4.8% | 5.00% | +1.25 |
| AAPL Apple Inc. | Add +2.6% | 4.87% | +0.37 |
| LLY Eli Lilly & Co. | Add +27.0% | 0.74% | +0.32 |
| MU Micron Technology Inc. | Add +49.4% | 0.48% | +0.29 |
| UPS United Parcel Service Class B | New | 0.23% | +0.23 |
| AMZN Amazon.com Inc. | Add +7.5% | 2.03% | +0.21 |
| AVGO Broadcom Inc. | Add +9.2% | 1.77% | +0.21 |
| AMD Advanced Micro Devices | Add +26.1% | 0.42% | +0.17 |
| KO The Coca-Cola Co. | Add +103.9% | 0.27% | +0.14 |
| DOW Dow Inc. | New | 0.11% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.3% | 1.06% | +0.09 |
| SAP Sap SE-Sponsored ADR | Add +132.5% | 0.16% | +0.08 |
| CSCO Cisco Systems Inc. | Add +5.8% | 0.51% | +0.08 |
| AMAT Applied Materials Inc. | Add +1.5% | 0.37% | +0.08 |
| WMT Walmart Inc. | Add +6.8% | 0.60% | +0.07 |
| CL Colgate-Palmolive Co. | Add +237.4% | 0.10% | +0.07 |
| TM Toyota Motor Corp. -Spon ADR | Add +152.2% | 0.10% | +0.07 |
| INFY Infosys Ltd.-SP ADR | Add +63.6% | 0.15% | +0.07 |
| OKE Oneok Inc. | New | 0.06% | +0.06 |
| JNJ Johnson & Johnson | Add +0.1% | 0.63% | +0.06 |
| SNOW Snowflake Inc. | Add +97.4% | 0.12% | +0.06 |
| AGNC AGNC Investment Corp. | Add +123.4% | 0.10% | +0.06 |
| XOM Exxon Mobil Corp. | Add +10.3% | 0.40% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 3.24% | +0.05 |
| ED Consolidated Edison Inc. | New | 0.05% | +0.05 |
| UMC United Microelectron-SP ADR | Add +492.3% | 0.06% | +0.05 |
| CAT Caterpillar Inc. | Add +14.0% | 0.20% | +0.05 |
| WM Waste Management Inc. | Add +141.2% | 0.09% | +0.05 |
| NVDA Nvidia Corp. | Add +2.0% | 6.62% | +0.05 |
| MRK Merck & Co. Inc. | Add +1.9% | 0.23% | +0.05 |
| PKX Posco Holdings Inc. -Spon ADR | Add +156.9% | 0.08% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +17.6% | 0.31% | +0.05 |
| IBM Intl Business Machines Corp. | Add +7.3% | 0.45% | +0.05 |
| HRL Hormel Foods Corp. | New | 0.05% | +0.05 |
| AMGN Amgen Inc. | Add +24.4% | 0.15% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Add +13.8% | 0.17% | +0.04 |
| CB Chubb Ltd. | Add +29.3% | 0.15% | +0.04 |
| SHG Shinhan Financial Group-ADR | Add +96.0% | 0.08% | +0.04 |
| OTIS Otis Worldwide Corp. | New | 0.04% | +0.04 |
| APH Amphenol Corp. Class A | Add +11.5% | 0.24% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +194.8% | 0.06% | +0.04 |
| EPR Epr Properties | New | 0.04% | +0.04 |
| MS Morgan Stanley | Add +0.1% | 0.43% | +0.04 |
| CRM Salesforce Inc. | Add +10.4% | 0.22% | +0.04 |
| WFC Wells Fargo & Co. | Add +11.3% | 0.22% | +0.04 |
| LRCX Lam Research Corp. | Add +0.5% | 0.18% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +16.8% | 0.18% | +0.04 |
| APP AppLovin Corp. Class A | Add +47.7% | 0.14% | +0.04 |
| RY Royal Bank of Canada | Add +24.1% | 0.13% | +0.04 |
| CNI Canadian Natl Railway Co. | Add +274.1% | 0.05% | +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 |