Granite FO LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Granite FO LLC reported 188 stock positions worth $176.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 18.2% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 14.4%) and Vanguard Dividend Apprec ETF (VIG, 14.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 11 and reduced 17. The biggest buy was State Street SPDR S&P Midcap (MDY, shares +5%) and the biggest sale iShares MSCI USA Min Vol Fac (USMV, shares −22%).

Most Recent 13F
Q2 2026
Location
BEDFORD, NH
CIK
0002034090
Portfolio Value
$176.5M (Q2 2025)
SEC Filing
0001420506-25-002158 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $176.5M $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 188 stocks · $176.5M
SPY SS SPDR S&P 500 ETF Trust-US 18.18% 51,942 $32.1M Reduce -7.0%
BRK.A Berkshire Hathaway Inc. Class A 14.45% 35 $25.5M No change
VIG Vanguard Dividend Apprec ETF 14.39% 124,149 $25.4M Reduce -5.0%
VYM Vanguard High DVD Yield ETF 5.69% 75,411 $10.1M Reduce -1.0%
BRK.B Berkshire Hathaway Inc. Class B 5.58% 20,280 $9.9M No change
MDY State Street SPDR S&P Midcap 5.14% 16,033 $9.1M Add +4.9%
GBDC Golub Capital BDC Inc. 4.19% 504,535 $7.4M No change
MU Micron Technology Inc. 3.68% 52,734 $6.5M No change
OWL Blue Owl Capital Inc. 2.66% 244,628 $4.7M Add +2.2%
DVY iShares Select Dividend ETF 2.15% 28,587 $3.8M Reduce -2.6%
ARCC Ares Capital Corp. 2.10% 169,215 $3.7M Reduce -0.3%
AMZN Amazon.com Inc. 1.76% 14,194 $3.1M Reduce -11.1%
IJR iShares Core S&P Small-Cap E 1.74% 28,035 $3.1M Add +13.4%
IVV iShares Core S&P 500 ETF 1.20% 3,413 $2.1M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 1.16% 12,460 $2.0M No change
VOO Vanguard S&P 500 ETF 1.07% 3,315 $1.9M No change
AAPL Apple Inc. 1.04% 8,954 $1.8M Reduce -2.9%
MSFT Microsoft Corp. 0.91% 3,232 $1.6M Reduce -16.0%
USMV iShares MSCI USA Min Vol Fac 0.84% 15,822 $1.5M Reduce -21.7%
XLF SS Financial Select Sector 0.77% 25,920 $1.4M No change
ARES Ares Management Corp. Class A 0.76% 7,705 $1.3M No change
ACWV iShares MSCI Global Min Vol 0.74% 11,084 $1.3M Reduce -24.9%
OBDC Blue Owl Capital Corp. 0.63% 77,300 $1.1M No change
GOOG Alphabet Inc. Class C 0.58% 5,783 $1.0M Add +6.6%
LLY Eli Lilly & Co. 0.55% 1,250 $974K No change
GLD SPDR Gold Shares 0.48% 2,800 $854K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.41% 3,714 $724K No change
XLE SS Energy Select Sector 0.36% 7,570 $642K No change
IYH iShares U.S. Healthcare ETF 0.31% 9,767 $552K No change
IWS iShares Russell Mid-Cap Valu 0.30% 4,043 $534K No change
PFE Pfizer Inc. 0.29% 21,418 $519K Reduce -11.7%
JPM JPMorgan Chase & Co. 0.27% 1,653 $479K Reduce -26.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.26% 1,028 $451K No change
WMT Walmart Inc. 0.24% 4,389 $429K No change
VGK Vanguard Ftse Europe ETF 0.24% 5,435 $421K Reduce -30.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.22% 1,385 $388K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.21% 855 $377K No change
GOOGL Alphabet Inc. Class A 0.19% 1,896 $334K Reduce -24.0%
PM Philip Morris International 0.18% 1,700 $310K No change
KKR KKR & Co. Inc. 0.15% 2,000 $266K No change
CAT Caterpillar Inc. 0.15% 685 $266K No change
MRSH Marsh & McLennan Cos 0.15% 1,200 $262K No change
BSX Boston Scientific Corp. 0.15% 2,400 $258K No change
IWV iShares Russell 3000 ETF 0.12% 612 $215K No change
JNJ Johnson & Johnson 0.12% 1,395 $213K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.12% 1,187 $210K No change
BSV Vanguard Short-Term Bond ETF 0.12% 2,628 $207K Add +0.3%
PG The Procter & Gamble Co. 0.11% 1,204 $192K No change
CWB SS SPDR BB Conv Sec ETF 0.11% 2,278 $188K Reduce -50.0%
BA The Boeing Co. 0.10% 884 $185K No change
IWD iShares Russell 1000 Value E 0.10% 909 $176K Add +0.3%
WM Waste Management Inc. 0.10% 770 $176K No change
UBSI United Bankshares Inc. 0.10% 4,619 $168K No change
ACWI iShares MSCI Acwi ETF 0.09% 1,295 $167K No change
KTOS Kratos Defense & Security 0.09% 3,500 $163K No change
IAU iShares Gold Trust 0.09% 2,565 $160K Reduce -28.1%
APO Apollo Global Management Inc. 0.08% 950 $135K No change
UPS United Parcel Service Class B 0.07% 1,300 $131K Reduce -27.8%
LPX Louisiana-Pacific Corp. 0.07% 1,500 $129K No change
XBI SS SPDR S&P Biotech ETF 0.07% 1,550 $129K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 428 $126K No change
INTC Intel Corp. 0.07% 5,378 $120K Add +2.4%
RPM RPM International Inc. 0.06% 1,023 $112K No change
BABA Alibaba Group Holding-SP ADR 0.06% 976 $111K No change
GE General Electric filed as GE AEROSPACE 0.06% 421 $108K No change
MRK Merck & Co. Inc. 0.06% 1,320 $104K No change
VNQ Vanguard Real Estate ETF 0.06% 1,159 $103K No change
UBER Uber Technologies Inc. 0.06% 1,055 $98K No change
JOE The St Joe Co. 0.05% 2,000 $95K No change
CMCSA Comcast Corp. Class A 0.05% 2,665 $95K No change
AGG iShares Core U.S. Aggregate 0.05% 903 $90K Add +0.3%
QCOM Qualcomm Inc. 0.05% 533 $85K No change
ALTI Alti Global Inc. 0.05% 19,430 $81K No change
DXJ Wisdomtree Japan Hedged Eq 0.05% 700 $80K No change
CP Canadian Pacific Kansas City 0.04% 1,000 $79K No change
VB Vanguard Most SM-Cap ETF-Usd 0.04% 328 $78K No change
MO Altria Group Inc. 0.04% 1,302 $76K No change
CB Chubb Ltd. 0.04% 260 $75K No change
XLI SS Industrial Select Sector 0.04% 500 $74K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 243 $69K No change
DBC Invesco DB Commodity Index T 0.04% 3,053 $67K No change
ABT Abbott Laboratories 0.03% 425 $58K No change
NVDA Nvidia Corp. 0.03% 350 $55K No change
GEV GE Vernova Inc. 0.03% 104 $55K No change
F Ford Motor Co. filed as FORD MTR CO 0.03% 5,000 $54K No change
TKO Tko Group Holdings Inc. 0.03% 293 $53K No change
EIX Edison International 0.03% 1,000 $52K No change
EMR Emerson Electric Co. 0.03% 337 $45K No change
C Citigroup Inc. 0.02% 500 $43K New
NVO Novo-Nordisk A/S-Spons ADR 0.02% 590 $41K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 772 $37K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 274 $34K Add +705.9%
AXP American Express Co. 0.02% 104 $33K No change
AIG American International Group 0.02% 385 $33K No change
SLV iShares Silver Trust 0.02% 950 $31K No change
XOM Exxon Mobil Corp. 0.02% 278 $30K No change
IYR iShares US Real Estate ETF 0.02% 300 $28K No change
CRM Salesforce Inc. 0.02% 103 $28K No change
CRH CRH PLC 0.02% 300 $28K No change
IWM iShares Russell 2000 ETF 0.01% 117 $25K No change

Show all 188 holdings

Portfolio Sells Q1 2025 → Q2 2025
USMV iShares MSCI USA Min Vol Fac Reduce -21.7% 0.84% −0.23
ACWV iShares MSCI Global Min Vol Reduce -24.9% 0.74% −0.23
AAPL Apple Inc. Reduce -2.9% 1.04% −0.12
CWB SS SPDR BB Conv Sec ETF Reduce -50.0% 0.11% −0.09
DVY iShares Select Dividend ETF Reduce -2.6% 2.15% −0.09
VGK Vanguard Ftse Europe ETF Reduce -30.4% 0.24% −0.07
PFE Pfizer Inc. Reduce -11.7% 0.29% −0.05
JPM JPMorgan Chase & Co. Reduce -26.1% 0.27% −0.04
UPS United Parcel Service Class B Reduce -27.8% 0.07% −0.04
ES Eversource Energy Sold out 0.00% −0.04
ARCC Ares Capital Corp. Reduce -0.3% 2.10% −0.03
GOOGL Alphabet Inc. Class A Reduce -24.0% 0.19% −0.03
IAU iShares Gold Trust Reduce -28.1% 0.09% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -5.0% 14.39% −0.00
AMZN Amazon.com Inc. Reduce -11.1% 1.76% +0.04
MSFT Microsoft Corp. Reduce -16.0% 0.91% +0.09
VYM Vanguard High DVD Yield ETF Reduce -1.0% 5.69% +0.11
SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.0% 18.18% +0.43

Portfolio Buys Q1 2025 → Q2 2025
MDY State Street SPDR S&P Midcap Add +4.9% 5.14% +0.52
IJR iShares Core S&P Small-Cap E Add +13.4% 1.74% +0.27
GOOG Alphabet Inc. Class C Add +6.6% 0.58% +0.10
C Citigroup Inc. New 0.02% +0.02
DIS The Walt Disney Co. Add +705.9% 0.02% +0.02
T AT&T Inc. Add +160.3% 0.01% +0.01
PARAA Paramount Global Class B New 0.00% +0.00
IWD iShares Russell 1000 Value E Add +0.3% 0.10% +0.00
WBD Warner Bros Discovery Inc. Add +160.0% 0.00% +0.00
BSV Vanguard Short-Term Bond ETF Add +0.3% 0.12% +0.00
INTC Intel Corp. Add +2.4% 0.07% +0.00
AGG iShares Core U.S. Aggregate Add +0.3% 0.05% +0.00
OWL Blue Owl Capital Inc. Add +2.2% 2.66% −0.06

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