Granite FO LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Granite FO LLC reported 187 stock positions worth $176.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 17.7% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 15.9%) and Vanguard Dividend Apprec ETF (VIG, 14.4%). Compared with Q4 2024, it added to 9 and reduced 9. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +45%) and the biggest sale Vanguard Dividend Apprec ETF (VIG, shares −1%).

Most Recent 13F
Q2 2026
Location
BEDFORD, NH
CIK
0002034090
Portfolio Value
$176.0M (Q1 2025)
SEC Filing
0001420506-25-001203 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $170.2M Q1 2024 Q2 2024: $156.5M Q2 2024 Q3 2024: $176.7M Q3 2024 Q4 2024: $175.0M Q4 2024 Q1 2025: $176.0M $176.0M Q1 2025 Q2 2025: $176.5M Q2 2025 Q3 2025: $184.1M Q3 2025 Q4 2025: $187.5M Q4 2025 Q1 2026: $169.0M Q1 2026 Q2 2026: $189.1M Q2 2026

Holdings 187 stocks · $176.0M
SPY SS SPDR S&P 500 ETF Trust-US 17.75% 55,857 $31.2M Add +0.5%
BRK.A Berkshire Hathaway Inc. Class A 15.87% 35 $27.9M No change
VIG Vanguard Dividend Apprec ETF 14.40% 130,642 $25.3M Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B 6.14% 20,280 $10.8M No change
VYM Vanguard High DVD Yield ETF 5.58% 76,187 $9.8M Reduce -3.0%
MDY State Street SPDR S&P Midcap 4.63% 15,278 $8.2M Add +1.9%
GBDC Golub Capital BDC Inc. 4.34% 504,535 $7.6M Reduce -5.5%
OWL Blue Owl Capital Inc. 2.72% 239,317 $4.8M Add +0.1%
MU Micron Technology Inc. 2.60% 52,734 $4.6M No change
DVY iShares Select Dividend ETF 2.24% 29,337 $3.9M No change
ARCC Ares Capital Corp. 2.14% 169,665 $3.8M Reduce -4.1%
AMZN Amazon.com Inc. 1.73% 15,974 $3.0M Reduce -1.5%
IJR iShares Core S&P Small-Cap E 1.47% 24,730 $2.6M Add +6.8%
AAPL Apple Inc. 1.16% 9,219 $2.0M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 1.14% 12,460 $2.0M No change
IVV iShares Core S&P 500 ETF 1.09% 3,413 $1.9M No change
USMV iShares MSCI USA Min Vol Fac 1.08% 20,210 $1.9M Reduce -7.0%
ACWV iShares MSCI Global Min Vol 0.98% 14,753 $1.7M Reduce -12.2%
VOO Vanguard S&P 500 ETF 0.97% 3,315 $1.7M Add +44.8%
MSFT Microsoft Corp. 0.82% 3,846 $1.4M No change
XLF SS Financial Select Sector 0.73% 25,920 $1.3M No change
OBDC Blue Owl Capital Corp. 0.64% 77,300 $1.1M No change
ARES Ares Management Corp. Class A 0.64% 7,705 $1.1M No change
LLY Eli Lilly & Co. 0.59% 1,250 $1.0M No change
GOOG Alphabet Inc. Class C 0.48% 5,423 $847K No change
GLD SPDR Gold Shares 0.46% 2,800 $807K No change
XLE SS Energy Select Sector 0.40% 7,570 $707K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.39% 3,714 $692K No change
PFE Pfizer Inc. 0.35% 24,242 $614K No change
IYH iShares U.S. Healthcare ETF 0.34% 9,767 $595K No change
JPM JPMorgan Chase & Co. 0.31% 2,238 $549K No change
VGK Vanguard Ftse Europe ETF 0.31% 7,810 $548K No change
IWS iShares Russell Mid-Cap Valu 0.29% 4,043 $509K No change
GOOGL Alphabet Inc. Class A 0.22% 2,496 $386K No change
WMT Walmart Inc. 0.22% 4,389 $385K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 1,028 $381K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.20% 855 $359K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.20% 1,385 $358K No change
CWB SS SPDR BB Conv Sec ETF 0.20% 4,556 $349K No change
MRSH Marsh & McLennan Cos 0.17% 1,200 $293K No change
PM Philip Morris International 0.15% 1,700 $270K No change
BSX Boston Scientific Corp. 0.14% 2,400 $242K No change
JNJ Johnson & Johnson 0.13% 1,395 $231K No change
KKR KKR & Co. Inc. 0.13% 2,000 $231K No change
CAT Caterpillar Inc. 0.13% 685 $226K No change
IAU iShares Gold Trust 0.12% 3,565 $210K No change
PG The Procter & Gamble Co. 0.12% 1,204 $205K No change
BSV Vanguard Short-Term Bond ETF 0.12% 2,619 $205K Add +0.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.12% 1,187 $205K No change
UPS United Parcel Service Class B 0.11% 1,800 $198K No change
IWV iShares Russell 3000 ETF 0.11% 612 $194K No change
WM Waste Management Inc. 0.10% 770 $178K No change
IWD iShares Russell 1000 Value E 0.10% 906 $171K Add +0.2%
UBSI United Bankshares Inc. 0.09% 4,619 $160K No change
BA The Boeing Co. 0.09% 884 $151K No change
ACWI iShares MSCI Acwi ETF 0.09% 1,295 $151K No change
LPX Louisiana-Pacific Corp. 0.08% 1,500 $138K No change
APO Apollo Global Management Inc. 0.07% 950 $130K No change
BABA Alibaba Group Holding-SP ADR 0.07% 976 $129K No change
XBI SS SPDR S&P Biotech ETF 0.07% 1,550 $126K No change
INTC Intel Corp. 0.07% 5,253 $119K No change
MRK Merck & Co. Inc. 0.07% 1,320 $118K No change
RPM RPM International Inc. 0.07% 1,023 $118K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 428 $106K No change
VNQ Vanguard Real Estate ETF 0.06% 1,159 $105K Reduce -60.4%
KTOS Kratos Defense & Security 0.06% 3,500 $104K No change
CMCSA Comcast Corp. Class A 0.06% 2,665 $98K No change
JOE The St Joe Co. 0.05% 2,000 $94K No change
AGG iShares Core U.S. Aggregate 0.05% 900 $89K Add +0.6%
GE General Electric filed as GE AEROSPACE 0.05% 421 $84K No change
QCOM Qualcomm Inc. 0.05% 533 $82K No change
CB Chubb Ltd. 0.04% 260 $79K No change
MO Altria Group Inc. 0.04% 1,302 $78K No change
DXJ Wisdomtree Japan Hedged Eq 0.04% 700 $77K No change
UBER Uber Technologies Inc. 0.04% 1,055 $77K No change
VB Vanguard Most SM-Cap ETF-Usd 0.04% 328 $73K No change
CP Canadian Pacific Kansas City 0.04% 1,000 $70K No change
DBC Invesco DB Commodity Index T 0.04% 3,053 $69K No change
XLI SS Industrial Select Sector 0.04% 500 $66K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 243 $62K No change
ES Eversource Energy 0.04% 1,000 $62K No change
ALTI Alti Global Inc. 0.03% 19,430 $59K Add +22.7%
EIX Edison International 0.03% 1,000 $59K No change
ABT Abbott Laboratories 0.03% 425 $56K No change
F Ford Motor Co. filed as FORD MTR CO 0.03% 5,000 $50K No change
TKO Tko Group Holdings Inc. 0.03% 293 $45K No change
NVO Novo-Nordisk A/S-Spons ADR 0.02% 590 $41K No change
NVDA Nvidia Corp. 0.02% 350 $38K No change
EMR Emerson Electric Co. 0.02% 337 $37K No change
AIG American International Group 0.02% 385 $33K No change
XOM Exxon Mobil Corp. 0.02% 278 $33K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 772 $32K No change
GEV GE Vernova Inc. 0.02% 104 $32K No change
SLV iShares Silver Trust 0.02% 950 $29K No change
IYR iShares US Real Estate ETF 0.02% 300 $29K No change
AXP American Express Co. 0.02% 104 $28K No change
CRM Salesforce Inc. 0.02% 103 $28K No change
RXST Rxsight Inc. 0.02% 1,078 $27K No change
CRH CRH PLC 0.01% 300 $26K No change
PCG P G & E Corp. 0.01% 1,500 $26K No change
HAL Halliburton Co. 0.01% 1,000 $25K No change
CVS CVS Health Corp. 0.01% 350 $24K No change
IWM iShares Russell 2000 ETF 0.01% 117 $23K No change
EFA iShares MSCI Eafe ETF 0.01% 252 $21K No change
BLK BlackRock Inc. 0.01% 20 $19K No change
KMB Kimberly-Clark Corp. 0.01% 126 $18K No change
SHY iShares 1-3 Year Treasury Bo 0.01% 200 $17K Reduce -65.5%
IEI iShares 3-7 Year Treasury Bo 0.01% 133 $16K No change
META Meta Platforms Inc. Class A 0.01% 18 $10K No change
TSLA Tesla Inc. 0.01% 37 $10K No change
NFLX Netflix Inc. 0.01% 10 $9K No change
T AT&T Inc. 0.01% 312 $9K No change
V Visa Inc. Class A 0.00% 23 $8K No change
WFC Wells Fargo & Co. 0.00% 108 $8K No change
BAX Baxter International Inc. 0.00% 211 $7K No change
ADSK Autodesk Inc. 0.00% 25 $7K No change
DUK Duke Energy Corp. 0.00% 50 $6K No change
EEM iShares MSCI Emerging Market 0.00% 138 $6K No change
ORCL Oracle Corp. 0.00% 42 $6K No change
PH Parker Hannifin Corp. 0.00% 9 $5K No change
XLRE SS Real Estate Select Sector 0.00% 125 $5K No change
LMT Lockheed Martin Corp. 0.00% 10 $4K No change
AMP Ameriprise Financial Inc. 0.00% 9 $4K No change
CTVA Corteva Inc. 0.00% 66 $4K No change
SONY Sony Group Corp. - SP ADR 0.00% 160 $4K No change
COF Capital One Financial Corp. 0.00% 22 $4K No change
VRTX Vertex Pharmaceuticals Inc. 0.00% 8 $4K No change
VWOB Vanguard Emerg MKTS Gov BND 0.00% 58 $4K No change
ATO Atmos Energy Corp. 0.00% 23 $4K No change
VZ Verizon Communications Inc. 0.00% 77 $3K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 34 $3K No change
MNST Monster Beverage Corp. 0.00% 56 $3K No change
ANSS Ansys Inc. 0.00% 10 $3K No change
KO The Coca-Cola Co. 0.00% 44 $3K No change
SHOP Shopify Inc. Class A 0.00% 33 $3K No change
AMGN Amgen Inc. 0.00% 10 $3K No change
ECL Ecolab Inc. 0.00% 12 $3K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 31 $3K No change
LEN Lennar Corp. Class A 0.00% 25 $3K No change
MLM Martin Marietta Materials 0.00% 6 $3K No change
XEL Xcel Energy Inc. 0.00% 39 $3K No change
XYL Xylem Inc. 0.00% 23 $3K No change
USB US Bancorp 0.00% 64 $3K No change
ADBE Adobe Inc. 0.00% 7 $3K No change
CTRA Coterra Energy Inc. 0.00% 92 $3K No change
AWK American Water Works Co. Inc. 0.00% 18 $3K No change
HON Honeywell International Inc. 0.00% 12 $3K No change
MUFG Mitsubishi Ufj Finl-Spon ADR 0.00% 186 $3K No change
TTE Totalenergies SE -Spon ADR 0.00% 39 $3K No change
BX Blackstone Inc. 0.00% 18 $3K No change
TDY Teledyne Technologies Inc. 0.00% 5 $2K No change
PNC PNC Financial Services Group 0.00% 14 $2K No change
GD General Dynamics Corp. 0.00% 9 $2K No change
LOW Lowe's Cos Inc. 0.00% 10 $2K No change
SBUX Starbucks Corp. 0.00% 23 $2K No change
DHR Danaher Corp. 0.00% 11 $2K No change
ELS Equity Lifestyle Properties 0.00% 32 $2K No change
CFR Cullen/Frost Bankers Inc. 0.00% 17 $2K No change
MDT Medtronic PLC 0.00% 23 $2K No change
ISRG Intuitive Surgical Inc. 0.00% 4 $2K No change
REGN Regeneron Pharmaceuticals 0.00% 3 $2K No change
MCHP Microchip Technology Inc. 0.00% 39 $2K No change
DD Dupont DE Nemours Inc. 0.00% 25 $2K No change
FDS Factset Research Systems Inc. 0.00% 4 $2K No change
EXPD Expeditors Intl Wash Inc. 0.00% 14 $2K No change
SEIC Sei Investments Company 0.00% 21 $2K No change
YUM Yum! Brands Inc. 0.00% 10 $2K No change
NVS Novartis AG-Sponsored ADR 0.00% 14 $2K No change
CBSH Commerce Bancshares Inc. 0.00% 25 $2K No change
OSK Oshkosh Corp. 0.00% 16 $2K No change
TMO Thermo Fisher Scientific Inc. 0.00% 3 $1K No change
STZ Constellation Brands Inc. Class A 0.00% 8 $1K No change
WF Woori Financial-Spon ADR 0.00% 43 $1K No change
BBJP JPMorgan Betabuilders Japan 0.00% 24 $1K No change
GEHC GE Healthcare Technology 0.00% 15 $1K No change
WDAY Workday Inc. Class A 0.00% 5 $1K No change
NKE Nike Inc. Class B 0.00% 17 $1K No change
PYPL PayPal Holdings Inc. 0.00% 16 $1K No change
DE Deere & Co. 0.00% 2 $939 No change
XYZ Block Inc. 0.00% 17 $924 No change
ILMN Illumina Inc. 0.00% 11 $873 No change
WBD Warner Bros Discovery Inc. 0.00% 75 $805 No change
BBCA JPMorgan Betabuilders Canada 0.00% 10 $716 No change
BBAX JPMorgan Betabuilders Develo 0.00% 12 $584 No change
YUMC Yum China Holdings Inc. 0.00% 11 $573 No change
MRP Millrose Properties 0.00% 12 $318 No change
GRAL Grail Inc. 0.00% 1 $26 No change

Portfolio Sells Q4 2024 → Q1 2025
VIG Vanguard Dividend Apprec ETF Reduce -0.9% 14.40% −0.35
AMZN Amazon.com Inc. Reduce -1.5% 1.73% −0.31
GBDC Golub Capital BDC Inc. Reduce -5.5% 4.34% −0.29
VYM Vanguard High DVD Yield ETF Reduce -3.0% 5.58% −0.14
VNQ Vanguard Real Estate ETF Reduce -60.4% 0.06% −0.09
ARCC Ares Capital Corp. Reduce -4.1% 2.14% −0.08
ACWV iShares MSCI Global Min Vol Reduce -12.2% 0.98% −0.07
USMV iShares MSCI USA Min Vol Fac Reduce -7.0% 1.08% −0.03
SHY iShares 1-3 Year Treasury Bo Reduce -65.5% 0.01% −0.02

Portfolio Buys Q4 2024 → Q1 2025
VOO Vanguard S&P 500 ETF Add +44.8% 0.97% +0.26
BSV Vanguard Short-Term Bond ETF Add +0.6% 0.12% +0.00
IWD iShares Russell 1000 Value E Add +0.2% 0.10% +0.00
AGG iShares Core U.S. Aggregate Add +0.6% 0.05% +0.00
ALTI Alti Global Inc. Add +22.7% 0.03% −0.01
IJR iShares Core S&P Small-Cap E Add +6.8% 1.47% −0.05
MDY State Street SPDR S&P Midcap Add +1.9% 4.63% −0.25
OWL Blue Owl Capital Inc. Add +0.1% 2.72% −0.45
SPY SS SPDR S&P 500 ETF Trust-US Add +0.5% 17.75% −0.85

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 171$189.1MSPY, VIG, MU, BRK.A, MDY
Q1 2026Amended 170$169.0MSPY, VIG, BRK.A, VYM, MDY
Q4 2025 175$187.5MSPY, VIG, BRK.A, MU, VYM
Q3 2025 191$184.1MSPY, VIG, BRK.A, VYM, BRK.B
Q2 2025 188$176.5MSPY, BRK.A, VIG, VYM, BRK.B
Q1 2025 187$176.0MSPY, BRK.A, VIG, BRK.B, VYM
Q4 2024 186$175.0MSPY, VIG, BRK.A, VYM, BRK.B
Q3 2024 186$176.7MSPY, VIG, BRK.A, VYM, BRK.B
Q2 2024 49$156.5MSPY, VIG, BRK.A, VYM, BRK.B
Q1 2024 202$170.2MSPY, VIG, BRK.A, VYM, BRK.B