GAMMA Investing LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 14, 2025), GAMMA Investing LLC reported 3,764 stock positions worth $1.6 billion. Its top holding was Nvidia (NVDA) at 5.1% of the portfolio, followed by Microsoft (MSFT, 4.9%) and Apple (AAPL, 3.6%). Compared with Q1 2025, it opened 142 new positions, sold out of 170, added to 2,115 and reduced 1,209. The biggest buy was Nvidia (NVDA, shares +13%) and the biggest sale JPMorgan Equity Premium Inco (JEPI, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- FOSTER CITY, CA
- CIK
- 0002010235
- Portfolio Value
- $1.6B (Q2 2025)
- SEC Filing
- 0002010235-25-000007 ↗ filed Jul 14, 2025
Holdings Value
Holdings 3,764 stocks · $1.6B
| NVDA Nvidia Corp. | 5.10% | 510,668 | $80.7M | Add +13.3% |
| MSFT Microsoft Corp. | 4.89% | 155,584 | $77.4M | Add +25.1% |
| AAPL Apple Inc. | 3.60% | 277,763 | $57.0M | Add +2.7% |
| AMZN Amazon.com Inc. | 2.52% | 181,843 | $39.9M | Add +14.4% |
| META Meta Platforms Inc. Class A | 2.08% | 44,491 | $32.8M | Add +9.3% |
| AVGO Broadcom Inc. | 2.00% | 115,007 | $31.7M | Add +11.5% |
| JPM JPMorgan Chase & Co. | 1.97% | 107,490 | $31.2M | Add +11.9% |
| GOOGL Alphabet Inc. Class A | 1.31% | 117,885 | $20.8M | Add +13.5% |
| GOOG Alphabet Inc. Class C | 1.11% | 99,260 | $17.6M | Add +8.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.06% | 34,462 | $16.7M | Add +7.5% |
| V Visa Inc. Class A | 1.04% | 46,140 | $16.4M | Add +9.5% |
| TSLA Tesla Inc. | 0.97% | 48,056 | $15.3M | Add +26.9% |
| SUB iShares Short-Term National | 0.95% | 140,610 | $15.0M | Add +35.4% |
| NFLX Netflix Inc. | 0.90% | 10,601 | $14.2M | Add +11.9% |
| LLY Eli Lilly & Co. | 0.89% | 17,984 | $14.0M | Reduce -0.1% |
| IEMG iShares Core MSCI Emerging | 0.84% | 221,855 | $13.3M | Reduce -10.9% |
| MUB iShares National Muni Bond E | 0.74% | 111,475 | $11.6M | Reduce -12.6% |
| BIV Vanguard Intermediate-Term B | 0.72% | 146,794 | $11.4M | Add +47.6% |
| HD Home Depot Inc. | 0.71% | 30,781 | $11.3M | Add +10.2% |
| WMT Walmart Inc. | 0.70% | 112,781 | $11.0M | Add +24.7% |
| ABBV Abbvie Inc. | 0.62% | 52,526 | $9.7M | Add +7.5% |
| COST Costco Wholesale Corp. | 0.61% | 9,718 | $9.6M | Add +12.6% |
| MA Mastercard Inc. Class A | 0.60% | 16,781 | $9.4M | Add +11.8% |
| MCHI iShares MSCI China ETF | 0.56% | 161,749 | $8.9M | Add +3.2% |
| XOM Exxon Mobil Corp. | 0.56% | 82,539 | $8.9M | Add +3.8% |
| CSCO Cisco Systems Inc. | 0.51% | 116,213 | $8.1M | Add +6.7% |
| ORCL Oracle Corp. | 0.50% | 36,277 | $7.9M | Add +6.7% |
| PG The Procter & Gamble Co. | 0.48% | 47,567 | $7.6M | Add +1.9% |
| JNJ Johnson & Johnson | 0.48% | 49,367 | $7.5M | Add +13.5% |
| GE General Electric filed as GE AEROSPACE | 0.45% | 27,344 | $7.0M | Add +8.0% |
| KO The Coca-Cola Co. | 0.41% | 92,075 | $6.5M | Add +10.6% |
| ABT Abbott Laboratories | 0.39% | 45,647 | $6.2M | Add +18.7% |
| PM Philip Morris International | 0.38% | 32,994 | $6.0M | Add +16.7% |
| SPSB SS SPDR P St C Corp. ETF | 0.38% | 196,957 | $5.9M | Add +28.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 19,664 | $5.8M | Add +11.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 122,432 | $5.8M | Add +9.8% |
| T AT&T Inc. | 0.36% | 195,788 | $5.7M | Add +18.5% |
| GS Goldman Sachs Group Inc. | 0.36% | 7,992 | $5.7M | Add +9.8% |
| RTX RTX Corp. | 0.33% | 35,384 | $5.2M | Add +12.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 8,325 | $5.1M | Add +2.7% |
| ETN Eaton Corp. PLC | 0.31% | 13,864 | $4.9M | Add +4.9% |
| BLK BlackRock Inc. | 0.29% | 4,362 | $4.6M | Add +18.0% |
| MRK Merck & Co. Inc. | 0.29% | 57,764 | $4.6M | Add +19.7% |
| INTU Intuit Inc. | 0.29% | 5,779 | $4.6M | Add +25.6% |
| PEP Pepsico Inc. | 0.29% | 34,312 | $4.5M | Add +12.1% |
| APH Amphenol Corp. Class A | 0.29% | 45,659 | $4.5M | Add +15.8% |
| DGRO iShares Core Dividend Growth | 0.28% | 69,474 | $4.4M | Add +14.6% |
| IWF iShares Russell 1000 Growth | 0.28% | 10,453 | $4.4M | Add +7.3% |
| WFC Wells Fargo & Co. | 0.27% | 53,302 | $4.3M | Add +12.8% |
| GEV GE Vernova Inc. | 0.27% | 8,025 | $4.2M | Add +14.4% |
| MCD McDonald's Corp. | 0.27% | 14,497 | $4.2M | Add +29.5% |
| CRM Salesforce Inc. | 0.27% | 15,457 | $4.2M | Add +9.1% |
| NOW ServiceNow Inc. | 0.26% | 4,059 | $4.2M | Add +20.2% |
| CAT Caterpillar Inc. | 0.26% | 10,714 | $4.2M | Reduce -5.3% |
| PLTR Palantir Technologies Inc. Class A | 0.26% | 30,410 | $4.1M | Add +34.2% |
| IVV iShares Core S&P 500 ETF | 0.26% | 6,676 | $4.1M | Reduce -8.8% |
| TXN Texas Instruments Inc. | 0.25% | 19,224 | $4.0M | Add +0.9% |
| MS Morgan Stanley | 0.25% | 28,321 | $4.0M | Add +20.1% |
| CVX Chevron Corp. | 0.25% | 27,365 | $3.9M | Reduce -15.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 30,433 | $3.8M | Add +22.6% |
| LIN Linde PLC | 0.24% | 8,015 | $3.8M | Add +9.3% |
| UNH Unitedhealth Group Inc. | 0.24% | 11,969 | $3.7M | Reduce -24.4% |
| ISRG Intuitive Surgical Inc. | 0.23% | 6,734 | $3.7M | Add +10.1% |
| VZ Verizon Communications Inc. | 0.23% | 82,397 | $3.6M | Add +20.0% |
| ACN Accenture PLC Class A | 0.22% | 11,830 | $3.5M | Add +7.9% |
| PGR Progressive Corp. | 0.22% | 12,907 | $3.4M | Add +19.9% |
| BKNG Booking Holdings Inc. | 0.22% | 592 | $3.4M | Add +15.4% |
| C Citigroup Inc. | 0.21% | 39,851 | $3.4M | Add +16.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.21% | 27,221 | $3.4M | Add +13.8% |
| ADP Automatic Data Processing | 0.21% | 10,891 | $3.4M | Add +14.7% |
| AMD Advanced Micro Devices | 0.21% | 23,173 | $3.3M | Add +18.5% |
| AMGN Amgen Inc. | 0.21% | 11,773 | $3.3M | Add +0.2% |
| FISV Fiserv Inc. | 0.21% | 19,003 | $3.3M | Add +9.8% |
| PANW Palo Alto Networks Inc. | 0.20% | 15,753 | $3.2M | Add +11.5% |
| BSX Boston Scientific Corp. | 0.20% | 29,486 | $3.2M | Add +15.4% |
| AXP American Express Co. | 0.20% | 9,907 | $3.2M | Add +23.2% |
| QCOM Qualcomm Inc. | 0.20% | 19,662 | $3.1M | Reduce -7.4% |
| COP Conocophillips | 0.20% | 34,534 | $3.1M | Add +22.4% |
| ADBE Adobe Inc. | 0.19% | 7,905 | $3.1M | Add +1.4% |
| COF Capital One Financial Corp. | 0.19% | 14,282 | $3.0M | Add +90.0% |
| SCHW Schwab (charles) Corp. | 0.19% | 32,253 | $2.9M | Add +18.9% |
| IWD iShares Russell 1000 Value E | 0.19% | 15,145 | $2.9M | Add +10.2% |
| AMAT Applied Materials Inc. | 0.19% | 16,028 | $2.9M | Add +27.5% |
| MCK McKesson Corp. | 0.18% | 3,989 | $2.9M | Add +12.2% |
| ICE Intercontinental Exchange Inc. | 0.18% | 15,928 | $2.9M | Add +21.3% |
| SHM SS SPDR N Ice St Muni ETF | 0.18% | 59,876 | $2.9M | Add +95.5% |
| GILD Gilead Sciences Inc. | 0.18% | 25,619 | $2.8M | Add +12.6% |
| TT Trane Technologies PLC | 0.18% | 6,467 | $2.8M | Add +8.1% |
| TMUS T-Mobile US Inc. | 0.17% | 11,605 | $2.8M | Add +1.4% |
| SPGI S&P Global Inc. | 0.17% | 5,227 | $2.8M | Add +24.2% |
| ADI Analog Devices Inc. | 0.17% | 11,575 | $2.8M | Add +5.5% |
| UBER Uber Technologies Inc. | 0.17% | 29,448 | $2.7M | Add +29.4% |
| NEE Nextera Energy Inc. | 0.17% | 39,380 | $2.7M | Add +13.6% |
| CTAS Cintas Corp. | 0.17% | 12,020 | $2.7M | Add +9.2% |
| RSG Republic Services Inc. | 0.17% | 10,845 | $2.7M | Add +18.0% |
| MO Altria Group Inc. | 0.17% | 45,288 | $2.7M | Add +25.7% |
| CEG Constellation Energy | 0.17% | 8,221 | $2.7M | Add +20.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.17% | 11,684 | $2.6M | Add +28.4% |
| LRCX Lam Research Corp. | 0.17% | 27,152 | $2.6M | Reduce -7.7% |
| LMT Lockheed Martin Corp. | 0.16% | 5,557 | $2.6M | Add +24.6% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $62K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HENOF Henkel AG & Co. Kgaa Vor-Pref | Preferred | 728 | $56K | No change |
| CAPITAL ONE FINANCIAL CO (COF 4.8 PERP J) | Common Stock | 300 | $5K | No change |
| CORP-BACKED TRUST CERTS (CBTCS V6.345 02/15/34 GS) | Preferred | 21 | $542 | New |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 21 | $168 | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 2 | $41 | New |
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q1 2025 → Q2 2025
| JEPI JPMorgan Equity Premium Inco | Reduce -79.8% | 0.09% | −0.46 |
| UNH Unitedhealth Group Inc. | Reduce -24.4% | 0.24% | −0.39 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.38 |
| IBHF iShares Ibond 2026 HY & Inc. | Reduce -80.2% | 0.07% | −0.36 |
| PFF iShares Preferred & Income S | Reduce -73.9% | 0.10% | −0.35 |
| IBHG iShares Ibonds 2027 HY Inc. | Reduce -74.8% | 0.08% | −0.30 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -75.3% | 0.08% | −0.29 |
| MUB iShares National Muni Bond E | Reduce -12.6% | 0.74% | −0.27 |
| IBHH iShares Ibonds 2028 TM HY Inc. | Reduce -73.8% | 0.08% | −0.27 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -80.1% | 0.05% | −0.27 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -73.9% | 0.08% | −0.27 |
| EMB iShares JP Morgan Usd Emergi | Reduce -75.6% | 0.07% | −0.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -69.3% | 0.08% | −0.24 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -69.9% | 0.08% | −0.24 |
| LLY Eli Lilly & Co. | Reduce -0.1% | 0.89% | −0.23 |
| PCEF Invesco Cef Income Composite | Reduce -65.9% | 0.09% | −0.22 |
| GOVT iShares US Treasury Bond ETF | Reduce -68.1% | 0.07% | −0.18 |
| IEMG iShares Core MSCI Emerging | Reduce -10.9% | 0.84% | −0.17 |
| CVX Chevron Corp. | Reduce -15.3% | 0.25% | −0.16 |
| FLMI Franklin Dynamic Municipal B | Reduce -85.0% | 0.01% | −0.09 |
| BSJS Invesco Bulletshares 2028 HY | Reduce -92.3% | 0.01% | −0.08 |
| BSJR Invesco Bulletshares 2027 HY | Reduce -83.6% | 0.01% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -15.7% | 0.11% | −0.08 |
| JMST JPM Ultra-Short Muni Income | Reduce -89.6% | 0.01% | −0.06 |
| BSJQ Invesco Bulletshares 2026 HY | Reduce -74.0% | 0.02% | −0.06 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.06 |
| HCA HCA Healthcare Inc. | Reduce -34.3% | 0.08% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -5.8% | 0.13% | −0.05 |
| MLN Vaneck Long Muni ETF | Reduce -86.8% | 0.01% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -7.4% | 0.20% | −0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -8.8% | 0.26% | −0.05 |
| ELV Elevance Health Inc. | Reduce -13.1% | 0.07% | −0.04 |
| HMOP Hartford Municipal Opp ETF | Reduce -21.7% | 0.07% | −0.04 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -75.0% | 0.01% | −0.04 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -75.6% | 0.01% | −0.04 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -55.8% | 0.02% | −0.04 |
| UNP Union Pacific Corp. | Reduce -0.8% | 0.15% | −0.03 |
| OKE Oneok Inc. | Reduce -9.4% | 0.06% | −0.03 |
| CHD Church & Dwight Co. Inc. | Reduce -32.4% | 0.03% | −0.03 |
| JPMB JPMorgan Usd Emerging Market | Reduce -72.8% | 0.01% | −0.03 |
| ENPH Enphase Energy Inc. | Reduce -67.4% | 0.01% | −0.03 |
| EOG EOG Resources Inc. | Reduce -14.6% | 0.06% | −0.03 |
| BSCS Invesco Bulletshares 2028 CB | Reduce -73.4% | 0.01% | −0.03 |
| HUM Humana Inc. | Reduce -37.4% | 0.03% | −0.03 |
| SLB SLB Ltd. | Reduce -15.2% | 0.04% | −0.03 |
| ITW Illinois Tool Works | Reduce -2.3% | 0.13% | −0.03 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.03 |
| VGIT Vanguard Intermediate-Term T | Reduce -63.0% | 0.01% | −0.03 |
| CPRT Copart Inc. | Reduce -5.5% | 0.06% | −0.03 |
| PFE Pfizer Inc. | Reduce -1.9% | 0.09% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +13.3% | 5.10% | +1.44 |
| MSFT Microsoft Corp. | Add +25.1% | 4.89% | +1.39 |
| AVGO Broadcom Inc. | Add +11.5% | 2.00% | +0.71 |
| META Meta Platforms Inc. Class A | Add +9.3% | 2.08% | +0.32 |
| AMZN Amazon.com Inc. | Add +14.4% | 2.52% | +0.25 |
| NFLX Netflix Inc. | Add +11.9% | 0.90% | +0.23 |
| TSLA Tesla Inc. | Add +26.9% | 0.97% | +0.23 |
| JPM JPMorgan Chase & Co. | Add +11.9% | 1.97% | +0.20 |
| BIV Vanguard Intermediate-Term B | Add +47.6% | 0.72% | +0.15 |
| ORCL Oracle Corp. | Add +6.7% | 0.50% | +0.14 |
| SUB iShares Short-Term National | Add +35.4% | 0.95% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | Add +34.2% | 0.26% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +13.5% | 1.31% | +0.11 |
| GEV GE Vernova Inc. | Add +14.4% | 0.27% | +0.11 |
| WMT Walmart Inc. | Add +24.7% | 0.70% | +0.10 |
| WWD Woodward Inc. | Add +220.2% | 0.13% | +0.09 |
| APH Amphenol Corp. Class A | Add +15.8% | 0.29% | +0.09 |
| COF Capital One Financial Corp. | Add +90.0% | 0.19% | +0.09 |
| INTU Intuit Inc. | Add +25.6% | 0.29% | +0.08 |
| SHM SS SPDR N Ice St Muni ETF | Add +95.5% | 0.18% | +0.07 |
| GE General Electric | Add +8.0% | 0.45% | +0.06 |
| CEG Constellation Energy | Add +20.6% | 0.17% | +0.06 |
| NOW ServiceNow Inc. | Add +20.2% | 0.26% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +9.8% | 0.36% | +0.06 |
| AMD Advanced Micro Devices | Add +18.5% | 0.21% | +0.06 |
| BA The Boeing Co. | Add +68.3% | 0.13% | +0.06 |
| DIS The Walt Disney Co. | Add +22.6% | 0.24% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +28.4% | 0.17% | +0.05 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.05% | +0.05 |
| UBER Uber Technologies Inc. | Add +29.4% | 0.17% | +0.05 |
| AMAT Applied Materials Inc. | Add +27.5% | 0.19% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +29.5% | 0.13% | +0.05 |
| RCL Royal Caribbean Cruises Ltd. | Add +12.0% | 0.15% | +0.05 |
| MCHP Microchip Technology Inc. | Add +85.8% | 0.08% | +0.05 |
| DG Dollar General Corp. | Add +95.8% | 0.09% | +0.05 |
| MS Morgan Stanley | Add +20.1% | 0.25% | +0.05 |
| HON Honeywell International Inc. | Add +55.9% | 0.14% | +0.04 |
| PM Philip Morris International | Add +16.7% | 0.38% | +0.04 |
| ETN Eaton Corp. PLC | Add +4.9% | 0.31% | +0.04 |
| INTC Intel Corp. | Add +227.7% | 0.07% | +0.04 |
| DASH DoorDash Inc. Class A | Add +123.5% | 0.07% | +0.04 |
| BKNG Booking Holdings Inc. | Add +15.4% | 0.22% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +8.3% | 1.11% | +0.04 |
| CDNS Cadence Design SYS Inc. | Add +38.2% | 0.13% | +0.04 |
| AXP American Express Co. | Add +23.2% | 0.20% | +0.04 |
| IBM Intl Business Machines Corp. | Add +11.1% | 0.37% | +0.04 |
| ON On Semiconductor | Add +166.8% | 0.05% | +0.04 |
| PWR Quanta Services Inc. | Add +25.8% | 0.10% | +0.04 |
| VST Vistra Corp. | Add +24.2% | 0.08% | +0.03 |
| AXON Axon Enterprise Inc. | Add +18.7% | 0.09% | +0.03 |
Notes & Other Activity Q1 2025 → Q2 2025
| CORP-BACKED TRUST CERTS (CBTCS V6.345 02/15/34 GS) | Preferred | New | 21 | $542 |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | New | 21 | $168 |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | New | 2 | $41 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 4,164 | $2.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 4,103 | $2.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 4,088 | $2.0B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2025 | 3,868 | $1.8B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 3,764 | $1.6B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025Amended | 3,791 | $1.3B | AAPL, NVDA, MSFT, AMZN, JPM |
| Q4 2024 | 3,774 | $1.2B | AAPL, NVDA, MSFT, AMZN, AVGO |
| Q3 2024 | 3,572 | $1.0B | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024 | 3,460 | $733.8M | MSFT, NVDA, AAPL, AMZN, JPM |
| Q1 2024 | 3,320 | $491.0M | MSFT, NVDA, AAPL, AMZN, JPM |