GAMMA Investing LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 5, 2026), GAMMA Investing LLC reported 4,088 stock positions worth $2.0 billion. Its top holding was Nvidia (NVDA) at 5.5% of the portfolio, followed by Apple (AAPL, 4.9%) and Microsoft (MSFT, 4.3%). Compared with Q3 2025, it opened 323 new positions, sold out of 107, added to 2,290 and reduced 1,045. The biggest buy was Alphabet Class A (GOOGL, shares +8%) and the biggest sale JPMorgan Chase (JPM, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- FOSTER CITY, CA
- CIK
- 0002010235
- Portfolio Value
- $2.0B (Q4 2025)
- SEC Filing
- 0002010235-26-000001 ↗ filed Jan 5, 2026
Holdings Value
Holdings 4,088 stocks · $2.0B
| NVDA Nvidia Corp. | 5.51% | 587,737 | $109.6M | Add +6.4% |
| AAPL Apple Inc. | 4.87% | 356,266 | $96.9M | Add +12.2% |
| MSFT Microsoft Corp. | 4.29% | 176,488 | $85.4M | Add +6.2% |
| AMZN Amazon.com Inc. | 2.53% | 217,803 | $50.3M | Add +7.2% |
| AVGO Broadcom Inc. | 2.23% | 128,177 | $44.4M | Add +4.5% |
| GOOGL Alphabet Inc. Class A | 2.23% | 141,646 | $44.3M | Add +8.1% |
| GOOG Alphabet Inc. Class C | 1.79% | 113,512 | $35.6M | Add +6.7% |
| JPM JPMorgan Chase & Co. | 1.71% | 105,374 | $34.0M | Reduce -5.9% |
| META Meta Platforms Inc. Class A | 1.62% | 48,746 | $32.2M | Add +1.1% |
| TSLA Tesla Inc. | 1.36% | 60,182 | $27.1M | Add +14.0% |
| IEMG iShares Core MSCI Emerging | 1.20% | 354,538 | $23.8M | Add +19.2% |
| LLY Eli Lilly & Co. | 1.18% | 21,821 | $23.5M | Add +27.0% |
| MUB iShares National Muni Bond E | 0.96% | 178,633 | $19.1M | Add +28.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.95% | 37,803 | $19.0M | Add +7.7% |
| V Visa Inc. Class A | 0.86% | 48,570 | $17.0M | Add +3.9% |
| SUB iShares Short-Term National | 0.83% | 154,590 | $16.5M | Add +0.8% |
| BIV Vanguard Intermediate-Term B | 0.77% | 196,883 | $15.3M | Add +20.4% |
| WMT Walmart Inc. | 0.72% | 128,739 | $14.3M | Add +8.3% |
| ABBV Abbvie Inc. | 0.70% | 60,735 | $13.9M | Add +6.3% |
| JNJ Johnson & Johnson | 0.64% | 61,754 | $12.8M | Add +13.3% |
| XOM Exxon Mobil Corp. | 0.64% | 105,595 | $12.7M | Add +16.1% |
| MCHI iShares MSCI China ETF | 0.54% | 179,089 | $10.8M | Add +0.3% |
| HD Home Depot Inc. | 0.54% | 31,237 | $10.7M | Reduce -1.5% |
| MA Mastercard Inc. Class A | 0.53% | 18,489 | $10.6M | Add +3.6% |
| NFLX Netflix Inc. | 0.50% | 106,932 | $10.0M | Reduce -4.2% |
| CSCO Cisco Systems Inc. | 0.46% | 118,924 | $9.2M | Reduce -6.3% |
| MRK Merck & Co. Inc. | 0.43% | 80,630 | $8.5M | Add +17.2% |
| COST Costco Wholesale Corp. | 0.41% | 9,445 | $8.1M | Reduce -3.3% |
| GS Goldman Sachs Group Inc. | 0.41% | 9,214 | $8.1M | Add +8.2% |
| GE General Electric filed as GE AEROSPACE | 0.40% | 26,080 | $8.0M | Reduce -13.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 141,115 | $7.8M | Add +3.8% |
| PLTR Palantir Technologies Inc. Class A | 0.39% | 43,257 | $7.7M | Add +23.4% |
| ORCL Oracle Corp. | 0.38% | 38,626 | $7.5M | Reduce -1.7% |
| RTX RTX Corp. | 0.38% | 40,958 | $7.5M | Add +7.2% |
| KO The Coca-Cola Co. | 0.38% | 106,835 | $7.5M | Add +20.9% |
| CAT Caterpillar Inc. | 0.37% | 12,914 | $7.4M | Add +9.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.36% | 10,492 | $7.2M | Add +3.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 24,054 | $7.1M | Add +14.4% |
| PEP Pepsico Inc. | 0.35% | 49,143 | $7.1M | Add +9.0% |
| SPSB SS SPDR P St C Corp. ETF | 0.35% | 232,500 | $7.0M | Add +10.9% |
| APH Amphenol Corp. Class A | 0.35% | 51,197 | $6.9M | Add +5.7% |
| MU Micron Technology Inc. | 0.34% | 23,811 | $6.8M | Add +14.7% |
| AMD Advanced Micro Devices | 0.32% | 29,602 | $6.3M | Add +11.8% |
| PM Philip Morris International | 0.31% | 38,822 | $6.2M | Add +11.0% |
| CVX Chevron Corp. | 0.31% | 40,637 | $6.2M | Reduce -10.7% |
| UNH Unitedhealth Group Inc. | 0.31% | 18,636 | $6.2M | Add +20.9% |
| PG The Procter & Gamble Co. | 0.30% | 41,782 | $6.0M | Reduce -9.2% |
| WFC Wells Fargo & Co. | 0.30% | 63,051 | $5.9M | Add +10.1% |
| MS Morgan Stanley | 0.30% | 33,094 | $5.9M | Add +8.7% |
| ABT Abbott Laboratories | 0.29% | 46,616 | $5.8M | Reduce -1.1% |
| MCD McDonald's Corp. | 0.29% | 19,002 | $5.8M | Add +19.3% |
| LRCX Lam Research Corp. | 0.29% | 33,194 | $5.7M | Add +9.0% |
| DGRO iShares Core Dividend Growth | 0.28% | 79,951 | $5.6M | Add +5.3% |
| IWF iShares Russell 1000 Growth | 0.28% | 11,645 | $5.5M | Add +6.2% |
| C Citigroup Inc. | 0.27% | 46,522 | $5.4M | Add +8.0% |
| AXP American Express Co. | 0.27% | 14,457 | $5.3M | Add +4.8% |
| IVV iShares Core S&P 500 ETF | 0.27% | 7,796 | $5.3M | Add +4.2% |
| AMGN Amgen Inc. | 0.26% | 16,039 | $5.2M | Add +22.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 33,161 | $5.1M | Add +12.2% |
| GEV GE Vernova Inc. | 0.25% | 7,691 | $5.0M | Reduce -11.1% |
| AMAT Applied Materials Inc. | 0.25% | 19,530 | $5.0M | Add +16.3% |
| T AT&T Inc. | 0.25% | 198,003 | $4.9M | Reduce -3.7% |
| BLK BlackRock Inc. | 0.25% | 4,591 | $4.9M | Reduce -0.5% |
| ETN Eaton Corp. PLC | 0.24% | 15,309 | $4.9M | Add +4.3% |
| EWC iShares MSCI Canada ETF | 0.23% | 86,202 | $4.6M | New |
| ISRG Intuitive Surgical Inc. | 0.23% | 7,933 | $4.5M | Add +29.6% |
| NEE Nextera Energy Inc. | 0.23% | 55,774 | $4.5M | Add +16.3% |
| INTU Intuit Inc. | 0.22% | 6,705 | $4.4M | Add +13.8% |
| CRM Salesforce Inc. | 0.21% | 15,888 | $4.2M | Add +12.0% |
| QCOM Qualcomm Inc. | 0.21% | 24,291 | $4.2M | Add +14.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 13,645 | $4.1M | Add +7.8% |
| COF Capital One Financial Corp. | 0.21% | 17,101 | $4.1M | Add +10.9% |
| TMO Thermo Fisher Scientific Inc. | 0.20% | 7,034 | $4.1M | Add +24.1% |
| KLAC KLA Corp. | 0.20% | 3,240 | $3.9M | Add +8.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 33,714 | $3.8M | Add +6.3% |
| GILD Gilead Sciences Inc. | 0.19% | 30,955 | $3.8M | Add +12.9% |
| SCHW Schwab (charles) Corp. | 0.19% | 37,983 | $3.8M | Add +8.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 5,983 | $3.7M | Add +48.1% |
| MCK McKesson Corp. | 0.18% | 4,372 | $3.6M | Add +5.8% |
| ADI Analog Devices Inc. | 0.18% | 13,187 | $3.6M | Add +6.9% |
| ANET Arista Networks Inc. | 0.18% | 26,937 | $3.5M | Add +0.9% |
| IWD iShares Russell 1000 Value E | 0.17% | 16,553 | $3.5M | Add +6.4% |
| COP Conocophillips | 0.17% | 37,186 | $3.5M | Reduce -5.8% |
| BKNG Booking Holdings Inc. | 0.17% | 648 | $3.5M | Add +4.3% |
| CEG Constellation Energy | 0.17% | 9,739 | $3.4M | Add +11.3% |
| TXN Texas Instruments Inc. | 0.17% | 19,591 | $3.4M | Add +2.2% |
| APP AppLovin Corp. Class A | 0.17% | 4,987 | $3.4M | Add +122.4% |
| AEP American Electric Power | 0.17% | 28,745 | $3.3M | Add +11.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.17% | 3,081 | $3.3M | Add +12.9% |
| SHM SS SPDR N Ice St Muni ETF | 0.16% | 67,716 | $3.2M | Reduce -2.7% |
| VZ Verizon Communications Inc. | 0.16% | 79,160 | $3.2M | Reduce -6.1% |
| ACN Accenture PLC Class A | 0.16% | 11,860 | $3.2M | Add +34.6% |
| PANW Palo Alto Networks Inc. | 0.16% | 17,247 | $3.2M | Add +2.8% |
| TRV The Travelers Cos Inc. | 0.16% | 10,885 | $3.2M | Add +12.7% |
| PH Parker Hannifin Corp. | 0.16% | 3,564 | $3.1M | Add +12.8% |
| MUNI PIMCO Intermediate Municipal | 0.16% | 59,248 | $3.1M | Add +46.0% |
| ADBE Adobe Inc. | 0.15% | 8,637 | $3.0M | Add +31.6% |
| MO Altria Group Inc. | 0.15% | 52,002 | $3.0M | Add +2.9% |
| NOW ServiceNow Inc. | 0.15% | 19,474 | $3.0M | Reduce -6.2% |
| WWD Woodward Inc. | 0.15% | 9,864 | $3.0M | Add +3.2% |
Other holdings (6): bonds, preferreds, convertibles and warrants · $63K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HENOF Henkel AG & Co. Kgaa Vor-Pref | Preferred | 728 | $60K | No change |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 615 | $2K | Reduce -16.3% |
| ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) | Common Stock | 57 | $952 | New |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 21 | $95 | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 2 | $39 | No change |
| LEHMAN BRO HLD CP TR V (LEH 6 04/22/53 M) | Preferred | 133 | $0 | No change |
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q3 2025 → Q4 2025
| JPM JPMorgan Chase & Co. | Reduce -5.9% | 1.71% | −0.24 |
| NFLX Netflix Inc. | Reduce -4.2% | 0.50% | −0.23 |
| ORCL Oracle Corp. | Reduce -1.7% | 0.38% | −0.23 |
| HD Home Depot Inc. | Reduce -1.5% | 0.54% | −0.17 |
| GE General Electric | Reduce -13.2% | 0.40% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -3.3% | 0.41% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -9.2% | 0.30% | −0.09 |
| LIN Linde PLC | Reduce -26.1% | 0.13% | −0.09 |
| CVX Chevron Corp. | Reduce -10.7% | 0.31% | −0.08 |
| T AT&T Inc. | Reduce -3.7% | 0.25% | −0.07 |
| NOW ServiceNow Inc. | Reduce -6.2% | 0.15% | −0.06 |
| KMB Kimberly-Clark Corp. | Reduce -52.5% | 0.03% | −0.06 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.29% | −0.05 |
| UBER Uber Technologies Inc. | Reduce -4.1% | 0.14% | −0.05 |
| BLK BlackRock Inc. | Reduce -0.5% | 0.25% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -5.7% | 0.13% | −0.05 |
| K Kellanova | Sold out | 0.00% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -6.1% | 0.16% | −0.04 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.04 |
| GEV GE Vernova Inc. | Reduce -11.1% | 0.25% | −0.04 |
| NKE Nike Inc. Class B | Reduce -19.3% | 0.08% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -33.0% | 0.04% | −0.04 |
| SO The Southern Co. | Reduce -12.4% | 0.11% | −0.04 |
| AMT American Tower Corp. | Reduce -26.8% | 0.06% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -22.9% | 0.05% | −0.04 |
| MPC Marathon Petroleum Corp. | Reduce -2.0% | 0.11% | −0.03 |
| APD Air Products & Chemicals Inc. | Reduce -37.7% | 0.04% | −0.03 |
| MSI Motorola Solutions Inc. | Reduce -22.6% | 0.05% | −0.03 |
| PGR Progressive Corp. | Reduce -2.0% | 0.15% | −0.03 |
| COP Conocophillips | Reduce -5.8% | 0.17% | −0.03 |
| SYK Stryker Corp. | Reduce -13.5% | 0.09% | −0.03 |
| AWK American Water Works Co. Inc. | Reduce -31.1% | 0.04% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -6.6% | 0.15% | −0.03 |
| TT Trane Technologies PLC | Reduce -2.9% | 0.13% | −0.03 |
| FFIV F5 Inc. | Reduce -27.4% | 0.03% | −0.03 |
| ZTS Zoetis Inc. | Reduce -13.0% | 0.06% | −0.03 |
| HON Honeywell International Inc. | Reduce -9.3% | 0.09% | −0.03 |
| ITW Illinois Tool Works | Reduce -5.0% | 0.12% | −0.03 |
| OXY Occidental Petroleum Corp. | Reduce -27.6% | 0.03% | −0.03 |
| DUK Duke Energy Corp. | Reduce -4.2% | 0.12% | −0.03 |
| GIS General Mills Inc. | Reduce -25.4% | 0.04% | −0.03 |
| MOS The Mosaic Co. | Reduce -38.6% | 0.02% | −0.02 |
| VST Vistra Corp. | Reduce -7.2% | 0.06% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -14.4% | 0.09% | −0.02 |
| ODP The Odp Corp. | Sold out | 0.00% | −0.02 |
| VICI Vici Properties Inc. | Reduce -52.8% | 0.01% | −0.02 |
| GRMN Garmin Ltd. | Reduce -13.2% | 0.04% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -8.5% | 0.08% | −0.02 |
| URI United Rentals Inc. | Reduce -3.5% | 0.07% | −0.02 |
| AON Aon PLC Class A | Reduce -37.5% | 0.03% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +8.1% | 2.23% | +0.47 |
| LLY Eli Lilly & Co. | Add +27.0% | 1.18% | +0.46 |
| AAPL Apple Inc. | Add +12.2% | 4.87% | +0.41 |
| GOOG Alphabet Inc. Class C | Add +6.7% | 1.79% | +0.36 |
| EWC iShares MSCI Canada ETF | New | 0.23% | +0.23 |
| MU Micron Technology Inc. | Add +14.7% | 0.34% | +0.15 |
| MUB iShares National Muni Bond E | Add +28.7% | 0.96% | +0.15 |
| IEMG iShares Core MSCI Emerging | Add +19.2% | 1.20% | +0.12 |
| MRK Merck & Co. Inc. | Add +17.2% | 0.43% | +0.11 |
| JNJ Johnson & Johnson | Add +13.3% | 0.64% | +0.08 |
| AMD Advanced Micro Devices | Add +11.8% | 0.32% | +0.08 |
| APP AppLovin Corp. Class A | Add +122.4% | 0.17% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +29.6% | 0.23% | +0.07 |
| XOM Exxon Mobil Corp. | Add +16.1% | 0.64% | +0.07 |
| BIV Vanguard Intermediate-Term B | Add +20.4% | 0.77% | +0.07 |
| AMZN Amazon.com Inc. | Add +7.2% | 2.53% | +0.07 |
| TSLA Tesla Inc. | Add +14.0% | 1.36% | +0.07 |
| AMAT Applied Materials Inc. | Add +16.3% | 0.25% | +0.06 |
| CAT Caterpillar Inc. | Add +9.8% | 0.37% | +0.06 |
| LRCX Lam Research Corp. | Add +9.0% | 0.29% | +0.06 |
| AMGN Amgen Inc. | Add +22.1% | 0.26% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +24.1% | 0.20% | +0.05 |
| KO The Coca-Cola Co. | Add +20.9% | 0.38% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +48.1% | 0.18% | +0.05 |
| WMT Walmart Inc. | Add +8.3% | 0.72% | +0.04 |
| CL Colgate-Palmolive Co. | Add +114.2% | 0.09% | +0.04 |
| ACN Accenture PLC Class A | Add +34.6% | 0.16% | +0.04 |
| WBD Warner Bros Discovery Inc. | Add +19.0% | 0.11% | +0.04 |
| MUNI PIMCO Intermediate Municipal | Add +46.0% | 0.16% | +0.04 |
| GM General Motors Co. | Add +20.2% | 0.12% | +0.04 |
| AMCR Amcor PLC | Add +213.1% | 0.05% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +23.4% | 0.39% | +0.03 |
| LITE Lumentum Holdings Inc. | Add +15.1% | 0.06% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +8.2% | 0.41% | +0.03 |
| C Citigroup Inc. | Add +8.0% | 0.27% | +0.03 |
| REGN Regeneron Pharmaceuticals | Add +26.4% | 0.08% | +0.03 |
| IBM Intl Business Machines Corp. | Add +14.4% | 0.36% | +0.03 |
| WFC Wells Fargo & Co. | Add +10.1% | 0.30% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Add +23.4% | 0.13% | +0.03 |
| WDC Western Digital Corp. | Add +9.6% | 0.10% | +0.03 |
| RKT Rocket Cos Inc. Class A | Add +133.9% | 0.06% | +0.03 |
| MS Morgan Stanley | Add +8.7% | 0.30% | +0.03 |
| INTC Intel Corp. | Add +27.1% | 0.13% | +0.03 |
| CAH Cardinal Health Inc. | Add +13.5% | 0.10% | +0.03 |
| COF Capital One Financial Corp. | Add +10.9% | 0.21% | +0.03 |
| DHR Danaher Corp. | Add +18.2% | 0.14% | +0.03 |
| HMOP Hartford Municipal Opp ETF | Add +48.2% | 0.10% | +0.03 |
| CMI Cummins Inc. | Add +14.4% | 0.13% | +0.03 |
| CRM Salesforce Inc. | Add +12.0% | 0.21% | +0.03 |
| CIEN Ciena Corp. | Add +22.7% | 0.06% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Reduce -16.3% | 615 | $2K |
| ARCH CAPITAL GROUP LTD (ACGL 4.55 PERP G) | Common Stock | New | 57 | $952 |
| FIRST REPUBLIC BANK (FRCB 4.125 PERP K) | COM | Sold out | 8,799 | $1before exit |
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 |