GAMMA Investing LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 2, 2025), GAMMA Investing LLC reported 3,868 stock positions worth $1.8 billion. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Microsoft (MSFT, 4.7%) and Apple (AAPL, 4.5%). Compared with Q2 2025, it opened 202 new positions, sold out of 100, added to 2,253 and reduced 981. The biggest buy was Apple (AAPL, shares +14%) and the biggest sale Eli Lilly (LLY, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- FOSTER CITY, CA
- CIK
- 0002010235
- Portfolio Value
- $1.8B (Q3 2025)
- SEC Filing
- 0002010235-25-000009 ↗ filed Oct 2, 2025
Holdings Value
Holdings 3,868 stocks · $1.8B
| NVDA Nvidia Corp. | 5.68% | 552,154 | $103.0M | Add +8.1% |
| MSFT Microsoft Corp. | 4.75% | 166,226 | $86.1M | Add +6.8% |
| AAPL Apple Inc. | 4.46% | 317,506 | $80.8M | Add +14.3% |
| AMZN Amazon.com Inc. | 2.46% | 203,188 | $44.6M | Add +11.7% |
| AVGO Broadcom Inc. | 2.23% | 122,647 | $40.5M | Add +6.6% |
| META Meta Platforms Inc. Class A | 1.95% | 48,232 | $35.4M | Add +8.4% |
| JPM JPMorgan Chase & Co. | 1.95% | 111,982 | $35.3M | Add +4.2% |
| GOOGL Alphabet Inc. Class A | 1.76% | 131,083 | $31.9M | Add +11.2% |
| GOOG Alphabet Inc. Class C | 1.43% | 106,360 | $25.9M | Add +7.2% |
| TSLA Tesla Inc. | 1.29% | 52,779 | $23.5M | Add +9.8% |
| IEMG iShares Core MSCI Emerging | 1.08% | 297,475 | $19.6M | Add +34.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 35,088 | $17.6M | Add +1.8% |
| SUB iShares Short-Term National | 0.90% | 153,373 | $16.4M | Add +9.1% |
| V Visa Inc. Class A | 0.88% | 46,754 | $16.0M | Add +1.3% |
| MUB iShares National Muni Bond E | 0.82% | 138,830 | $14.8M | Add +24.5% |
| NFLX Netflix Inc. | 0.74% | 11,167 | $13.4M | Add +5.3% |
| ABBV Abbvie Inc. | 0.73% | 57,159 | $13.2M | Add +8.8% |
| LLY Eli Lilly & Co. | 0.72% | 17,180 | $13.1M | Reduce -4.5% |
| HD Home Depot Inc. | 0.71% | 31,705 | $12.8M | Add +3.0% |
| BIV Vanguard Intermediate-Term B | 0.70% | 163,469 | $12.8M | Add +11.4% |
| WMT Walmart Inc. | 0.68% | 118,925 | $12.3M | Add +5.5% |
| MCHI iShares MSCI China ETF | 0.65% | 178,521 | $11.8M | Add +10.4% |
| ORCL Oracle Corp. | 0.61% | 39,298 | $11.1M | Add +8.3% |
| XOM Exxon Mobil Corp. | 0.57% | 90,911 | $10.3M | Add +10.1% |
| MA Mastercard Inc. Class A | 0.56% | 17,841 | $10.1M | Add +6.3% |
| JNJ Johnson & Johnson | 0.56% | 54,509 | $10.1M | Add +10.4% |
| COST Costco Wholesale Corp. | 0.50% | 9,766 | $9.0M | Add +0.5% |
| GE General Electric filed as GE AEROSPACE | 0.50% | 30,039 | $9.0M | Add +9.9% |
| CSCO Cisco Systems Inc. | 0.48% | 126,892 | $8.7M | Add +9.2% |
| PG The Procter & Gamble Co. | 0.39% | 46,009 | $7.1M | Reduce -3.3% |
| CVX Chevron Corp. | 0.39% | 45,515 | $7.1M | Add +66.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 135,980 | $7.0M | Add +11.1% |
| GS Goldman Sachs Group Inc. | 0.37% | 8,518 | $6.8M | Add +6.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 10,102 | $6.7M | Add +21.4% |
| PLTR Palantir Technologies Inc. Class A | 0.35% | 35,042 | $6.4M | Add +15.2% |
| RTX RTX Corp. | 0.35% | 38,194 | $6.4M | Add +7.9% |
| SPSB SS SPDR P St C Corp. ETF | 0.35% | 209,712 | $6.4M | Add +6.5% |
| PEP Pepsico Inc. | 0.35% | 45,095 | $6.3M | Add +31.4% |
| ABT Abbott Laboratories | 0.35% | 47,146 | $6.3M | Add +3.3% |
| APH Amphenol Corp. Class A | 0.33% | 48,451 | $6.0M | Add +6.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 21,031 | $5.9M | Add +7.0% |
| KO The Coca-Cola Co. | 0.32% | 88,382 | $5.9M | Reduce -4.0% |
| T AT&T Inc. | 0.32% | 205,689 | $5.8M | Add +5.1% |
| MRK Merck & Co. Inc. | 0.32% | 68,811 | $5.8M | Add +19.1% |
| PM Philip Morris International | 0.31% | 34,988 | $5.7M | Add +6.0% |
| CAT Caterpillar Inc. | 0.31% | 11,763 | $5.6M | Add +9.8% |
| ETN Eaton Corp. PLC | 0.30% | 14,676 | $5.5M | Add +5.9% |
| BLK BlackRock Inc. | 0.30% | 4,614 | $5.4M | Add +5.8% |
| UNH Unitedhealth Group Inc. | 0.29% | 15,420 | $5.3M | Add +28.8% |
| GEV GE Vernova Inc. | 0.29% | 8,655 | $5.3M | Add +7.8% |
| DGRO iShares Core Dividend Growth | 0.28% | 75,907 | $5.2M | Add +9.3% |
| IWF iShares Russell 1000 Growth | 0.28% | 10,962 | $5.1M | Add +4.9% |
| IVV iShares Core S&P 500 ETF | 0.28% | 7,485 | $5.0M | Add +12.1% |
| MCD McDonald's Corp. | 0.27% | 15,934 | $4.8M | Add +9.9% |
| MS Morgan Stanley | 0.27% | 30,444 | $4.8M | Add +7.5% |
| WFC Wells Fargo & Co. | 0.26% | 57,286 | $4.8M | Add +7.5% |
| AXP American Express Co. | 0.25% | 13,788 | $4.6M | Add +39.2% |
| C Citigroup Inc. | 0.24% | 43,086 | $4.4M | Add +8.1% |
| AMD Advanced Micro Devices | 0.24% | 26,472 | $4.3M | Add +14.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 29,553 | $4.3M | Add +8.6% |
| LRCX Lam Research Corp. | 0.22% | 30,449 | $4.1M | Add +12.1% |
| LIN Linde PLC | 0.22% | 8,527 | $4.1M | Add +6.4% |
| INTU Intuit Inc. | 0.22% | 5,894 | $4.0M | Add +2.0% |
| ANET Arista Networks Inc. | 0.21% | 26,704 | $3.9M | Add +15.2% |
| NOW ServiceNow Inc. | 0.21% | 4,151 | $3.8M | Add +2.3% |
| COP Conocophillips | 0.21% | 39,462 | $3.7M | Add +14.3% |
| AMGN Amgen Inc. | 0.20% | 13,138 | $3.7M | Add +11.6% |
| VZ Verizon Communications Inc. | 0.20% | 84,285 | $3.7M | Add +2.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 31,717 | $3.6M | Add +4.2% |
| NEE Nextera Energy Inc. | 0.20% | 47,942 | $3.6M | Add +21.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.19% | 12,655 | $3.5M | Add +8.3% |
| TXN Texas Instruments Inc. | 0.19% | 19,163 | $3.5M | Reduce -0.3% |
| QCOM Qualcomm Inc. | 0.19% | 21,146 | $3.5M | Add +7.5% |
| MU Micron Technology Inc. | 0.19% | 20,758 | $3.5M | Add +11.3% |
| AMAT Applied Materials Inc. | 0.19% | 16,799 | $3.4M | Add +4.8% |
| PANW Palo Alto Networks Inc. | 0.19% | 16,776 | $3.4M | Add +6.5% |
| UBER Uber Technologies Inc. | 0.19% | 34,335 | $3.4M | Add +16.6% |
| CRM Salesforce Inc. | 0.19% | 14,185 | $3.4M | Reduce -8.2% |
| SHM SS SPDR N Ice St Muni ETF | 0.18% | 69,564 | $3.4M | Add +16.2% |
| BKNG Booking Holdings Inc. | 0.18% | 621 | $3.4M | Add +4.9% |
| SCHW Schwab (charles) Corp. | 0.18% | 35,041 | $3.3M | Add +8.6% |
| MO Altria Group Inc. | 0.18% | 50,544 | $3.3M | Add +11.6% |
| TMUS T-Mobile US Inc. | 0.18% | 13,876 | $3.3M | Add +19.6% |
| COF Capital One Financial Corp. | 0.18% | 15,422 | $3.3M | Add +8.0% |
| KLAC KLA Corp. | 0.18% | 2,994 | $3.2M | Add +8.3% |
| BSX Boston Scientific Corp. | 0.18% | 33,017 | $3.2M | Add +12.0% |
| PGR Progressive Corp. | 0.18% | 12,935 | $3.2M | Add +0.2% |
| MCK McKesson Corp. | 0.18% | 4,131 | $3.2M | Add +3.6% |
| IWD iShares Russell 1000 Value E | 0.17% | 15,561 | $3.2M | Add +2.8% |
| ADP Automatic Data Processing | 0.17% | 10,619 | $3.1M | Reduce -2.5% |
| GILD Gilead Sciences Inc. | 0.17% | 27,418 | $3.0M | Add +7.0% |
| ADI Analog Devices Inc. | 0.17% | 12,335 | $3.0M | Add +6.6% |
| AEP American Electric Power | 0.16% | 25,873 | $2.9M | Add +14.6% |
| LMT Lockheed Martin Corp. | 0.16% | 5,793 | $2.9M | Add +4.3% |
| CEG Constellation Energy | 0.16% | 8,753 | $2.9M | Add +6.5% |
| TT Trane Technologies PLC | 0.16% | 6,730 | $2.8M | Add +4.1% |
| FAST Fastenal Co. | 0.16% | 57,786 | $2.8M | Add +11.2% |
| SPGI S&P Global Inc. | 0.16% | 5,795 | $2.8M | Add +10.9% |
| ICE Intercontinental Exchange Inc. | 0.15% | 16,396 | $2.8M | Add +2.9% |
| TMO Thermo Fisher Scientific Inc. | 0.15% | 5,670 | $2.8M | Add +38.3% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $58K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HENOF Henkel AG & Co. Kgaa Vor-Pref | Preferred | 728 | $57K | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 21 | $155 | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 2 | $51 | No change |
| FIRST REPUBLIC BANK (FRCB 4.125 PERP K) | COM | 8,799 | $1 | New |
| LEHMAN BRO HLD CP TR V (LEH 6 04/22/53 M) | Preferred | 133 | $0 | New |
Total filed on the 13F, all lines: $1.8B.
Portfolio Sells Q2 2025 → Q3 2025
| LLY Eli Lilly & Co. | Reduce -4.5% | 0.72% | −0.16 |
| HES Hess Corp. | Sold out | 0.00% | −0.10 |
| ACN Accenture PLC Class A | Reduce -25.5% | 0.12% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -3.3% | 0.39% | −0.09 |
| KO The Coca-Cola Co. | Reduce -4.0% | 0.32% | −0.09 |
| FISV Fiserv Inc. | Reduce -12.2% | 0.12% | −0.09 |
| PCEF Invesco Cef Income Composite | Reduce -94.6% | 0.00% | −0.09 |
| CRM Salesforce Inc. | Reduce -8.2% | 0.19% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -9.1% | 0.15% | −0.08 |
| PFF iShares Preferred & Income S | Reduce -80.2% | 0.02% | −0.08 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -91.3% | 0.01% | −0.07 |
| IBHG iShares Ibonds 2027 HY Inc. | Reduce -87.8% | 0.01% | −0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -83.3% | 0.01% | −0.07 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.07 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -90.7% | 0.01% | −0.07 |
| IBHH iShares Ibonds 2028 TM HY Inc. | Reduce -86.9% | 0.01% | −0.07 |
| JEPI JPMorgan Equity Premium Inco | Reduce -69.0% | 0.03% | −0.07 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -90.1% | 0.01% | −0.07 |
| ADBE Adobe Inc. | Reduce -17.0% | 0.13% | −0.07 |
| FTNT Fortinet Inc. | Reduce -17.4% | 0.09% | −0.07 |
| IBHF iShares Ibond 2026 HY & Inc. | Reduce -86.4% | 0.01% | −0.06 |
| TXN Texas Instruments Inc. | Reduce -0.3% | 0.19% | −0.06 |
| EMB iShares JP Morgan Usd Emergi | Reduce -85.7% | 0.01% | −0.06 |
| GOVT iShares US Treasury Bond ETF | Reduce -83.5% | 0.01% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -32.4% | 0.06% | −0.06 |
| AMT American Tower Corp. | Reduce -14.8% | 0.10% | −0.05 |
| CMG Chipotle Mexican Grill Inc. | Reduce -16.3% | 0.05% | −0.05 |
| UPS United Parcel Service Class B | Reduce -47.2% | 0.03% | −0.05 |
| VRSK Verisk Analytics Inc. | Reduce -26.9% | 0.05% | −0.05 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -84.0% | 0.01% | −0.05 |
| CHTR Charter Communications Inc. Class A | Reduce -39.8% | 0.02% | −0.04 |
| CI The Cigna Group | Reduce -14.4% | 0.08% | −0.04 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -85.7% | 0.01% | −0.04 |
| ADP Automatic Data Processing | Reduce -2.5% | 0.17% | −0.04 |
| ZTS Zoetis Inc. | Reduce -15.5% | 0.09% | −0.04 |
| RSG Republic Services Inc. | Reduce -3.9% | 0.13% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -24.6% | 0.05% | −0.04 |
| CTAS Cintas Corp. | Reduce -1.0% | 0.13% | −0.03 |
| GIS General Mills Inc. | Reduce -21.5% | 0.07% | −0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -1.7% | 0.10% | −0.03 |
| PAYX Paychex Inc. | Reduce -20.7% | 0.05% | −0.03 |
| FIS Fidelity National Info Serv | Reduce -12.0% | 0.05% | −0.03 |
| DE Deere & Co. | Reduce -0.8% | 0.11% | −0.03 |
| HON Honeywell International Inc. | Reduce -0.1% | 0.11% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -9.1% | 0.08% | −0.03 |
| WM Waste Management Inc. | Reduce -4.6% | 0.11% | −0.03 |
| IFF Intl Flavors & Fragrances | Reduce -49.4% | 0.02% | −0.03 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.03 |
| LULU Lululemon Athletica Inc. | Reduce -58.1% | 0.01% | −0.03 |
| CTSH Cognizant Tech Solutions-A | Reduce -18.8% | 0.04% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +14.3% | 4.46% | +0.85 |
| NVDA Nvidia Corp. | Add +8.1% | 5.68% | +0.58 |
| GOOGL Alphabet Inc. Class A | Add +11.2% | 1.76% | +0.44 |
| TSLA Tesla Inc. | Add +9.8% | 1.29% | +0.33 |
| GOOG Alphabet Inc. Class C | Add +7.2% | 1.43% | +0.32 |
| IEMG iShares Core MSCI Emerging | Add +34.1% | 1.08% | +0.24 |
| AVGO Broadcom Inc. | Add +6.6% | 2.23% | +0.23 |
| CVX Chevron Corp. | Add +66.3% | 0.39% | +0.14 |
| ABBV Abbvie Inc. | Add +8.8% | 0.73% | +0.11 |
| ORCL Oracle Corp. | Add +8.3% | 0.61% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | Add +15.2% | 0.35% | +0.09 |
| MCHI iShares MSCI China ETF | Add +10.4% | 0.65% | +0.08 |
| JNJ Johnson & Johnson | Add +10.4% | 0.56% | +0.08 |
| MUB iShares National Muni Bond E | Add +24.5% | 0.82% | +0.08 |
| ANET Arista Networks Inc. | Add +15.2% | 0.21% | +0.06 |
| PEP Pepsico Inc. | Add +31.4% | 0.35% | +0.06 |
| LRCX Lam Research Corp. | Add +12.1% | 0.22% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +28.8% | 0.29% | +0.06 |
| GE General Electric | Add +9.9% | 0.50% | +0.05 |
| AXP American Express Co. | Add +39.2% | 0.25% | +0.05 |
| CAT Caterpillar Inc. | Add +9.8% | 0.31% | +0.05 |
| TMO Thermo Fisher Scientific Inc. | Add +38.3% | 0.15% | +0.05 |
| MU Micron Technology Inc. | Add +11.3% | 0.19% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +21.4% | 0.37% | +0.05 |
| APH Amphenol Corp. Class A | Add +6.1% | 0.33% | +0.05 |
| APP AppLovin Corp. Class A | Add +10.3% | 0.09% | +0.04 |
| INTC Intel Corp. | Add +19.6% | 0.10% | +0.04 |
| NEM Newmont Corp. | Add +9.2% | 0.12% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +20.6% | 0.15% | +0.03 |
| DHI D.R. Horton Inc. | Add +20.6% | 0.11% | +0.03 |
| WDC Western Digital Corp. | Add +6.9% | 0.07% | +0.03 |
| MRK Merck & Co. Inc. | Add +19.1% | 0.32% | +0.03 |
| STX Seagate Technology Holdings | Add +14.8% | 0.07% | +0.03 |
| AMD Advanced Micro Devices | Add +14.2% | 0.24% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +8.3% | 0.19% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +14.7% | 0.07% | +0.03 |
| C Citigroup Inc. | Add +8.1% | 0.24% | +0.03 |
| GLW Corning Inc. | Add +15.7% | 0.07% | +0.03 |
| NEE Nextera Energy Inc. | Add +21.7% | 0.20% | +0.03 |
| RTX RTX Corp. | Add +7.9% | 0.35% | +0.03 |
| GEV GE Vernova Inc. | Add +7.8% | 0.29% | +0.03 |
| NOC Northrop Grumman Corp. | Add +15.6% | 0.13% | +0.03 |
| TJX TJX Companies Inc. | Add +8.6% | 0.24% | +0.02 |
| PSKY Paramount Skydance Class B | New | 0.02% | +0.02 |
| VLO Valero Energy Corp. | Add +9.1% | 0.13% | +0.02 |
| KLAC KLA Corp. | Add +8.3% | 0.18% | +0.02 |
| BAC Bank of America Corp. | Add +11.1% | 0.39% | +0.02 |
| LOW Lowe's Cos Inc. | Add +18.1% | 0.14% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +31.7% | 0.07% | +0.02 |
| CMI Cummins Inc. | Add +9.8% | 0.10% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| CAPITAL ONE FINANCIAL CO (COF 4.8 PERP J) | Common Stock | Sold out | 300 | $5Kbefore exit |
| CORP-BACKED TRUST CERTS (CBTCS V6.345 02/15/34 GS) | Preferred | Sold out | 21 | $542before exit |
| FIRST REPUBLIC BANK (FRCB 4.125 PERP K) | COM | New | 8,799 | $1 |
| LEHMAN BRO HLD CP TR V (LEH 6 04/22/53 M) | Preferred | New | 133 | $0 |
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 |