Granite FO LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), Granite FO LLC reported 191 stock positions worth $184.1 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 18.8% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 14.5%) and Berkshire Hathaway Class A (BRK.A, 14.3%). Compared with Q2 2025, it opened 7 new positions, sold out of 4, added to 5 and reduced 11. The biggest buy was iShares Core S&P Small-Cap E (IJR, shares +2%) and the biggest sale Ares Capital (ARCC, shares −2%).

Most Recent 13F
Q2 2026
Location
BEDFORD, NH
CIK
0002034090
Portfolio Value
$184.1M (Q3 2025)
SEC Filing
0001420506-25-002891 ↗ filed Oct 22, 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 Q2 2025 Q3 2025: $184.1M $184.1M Q3 2025 Q4 2025: $187.5M Q4 2025 Q1 2026: $169.0M Q1 2026 Q2 2026: $189.1M Q2 2026

Holdings 191 stocks · $184.1M
SPY SS SPDR S&P 500 ETF Trust-US 18.79% 51,940 $34.6M Reduce 0.0%
VIG Vanguard Dividend Apprec ETF 14.49% 123,662 $26.7M Reduce -0.4%
BRK.A Berkshire Hathaway Inc. Class A 14.34% 35 $26.4M No change
VYM Vanguard High DVD Yield ETF 5.77% 75,419 $10.6M Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 5.54% 20,280 $10.2M No change
MDY State Street SPDR S&P Midcap 5.19% 16,021 $9.5M Reduce -0.1%
MU Micron Technology Inc. 3.97% 43,699 $7.3M Reduce -17.1%
GBDC Golub Capital BDC Inc. 3.75% 504,535 $6.9M No change
OWL Blue Owl Capital Inc. 2.33% 253,142 $4.3M Add +3.5%
DVY iShares Select Dividend ETF 2.21% 28,587 $4.1M No change
IJR iShares Core S&P Small-Cap E 1.85% 28,630 $3.4M Add +2.1%
ARCC Ares Capital Corp. 1.83% 165,515 $3.4M Reduce -2.2%
AMZN Amazon.com Inc. 1.51% 12,639 $2.8M Reduce -11.0%
IVV iShares Core S&P 500 ETF 1.24% 3,413 $2.3M No change
AAPL Apple Inc. 1.24% 8,954 $2.3M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 1.18% 12,460 $2.2M No change
VOO Vanguard S&P 500 ETF 1.10% 3,316 $2.0M Add +0.0%
MSFT Microsoft Corp. 0.91% 3,232 $1.7M No change
USMV iShares MSCI USA Min Vol Fac 0.82% 15,822 $1.5M No change
GOOG Alphabet Inc. Class C 0.77% 5,783 $1.4M No change
XLF SS Financial Select Sector 0.76% 25,920 $1.4M No change
ACWV iShares MSCI Global Min Vol 0.71% 10,829 $1.3M Reduce -2.3%
ARES Ares Management Corp. Class A 0.67% 7,705 $1.2M No change
GLD SPDR Gold Shares 0.54% 2,800 $995K No change
OBDC Blue Owl Capital Corp. 0.54% 77,300 $987K No change
LLY Eli Lilly & Co. 0.52% 1,250 $954K No change
XLE SS Energy Select Sector 0.37% 7,570 $676K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.32% 2,805 $586K Reduce -24.5%
PFE Pfizer Inc. 0.30% 21,418 $546K No change
JPM JPMorgan Chase & Co. 0.28% 1,653 $521K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.27% 1,028 $493K No change
GOOGL Alphabet Inc. Class A 0.25% 1,896 $461K No change
WMT Walmart Inc. 0.25% 4,389 $452K No change
VGK Vanguard Ftse Europe ETF 0.24% 5,435 $434K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.22% 1,385 $407K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.22% 855 $396K No change
IYH iShares U.S. Healthcare ETF 0.21% 6,663 $391K Reduce -31.8%
IWS iShares Russell Mid-Cap Valu 0.21% 2,750 $384K Reduce -32.0%
CAT Caterpillar Inc. 0.18% 685 $327K No change
KTOS Kratos Defense & Security 0.17% 3,500 $320K No change
PM Philip Morris International 0.15% 1,700 $276K No change
KKR KKR & Co. Inc. 0.14% 2,000 $260K No change
JNJ Johnson & Johnson 0.14% 1,395 $259K No change
MRSH Marsh & McLennan Cos 0.13% 1,200 $242K No change
BSX Boston Scientific Corp. 0.13% 2,400 $234K No change
IWV iShares Russell 3000 ETF 0.13% 612 $232K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.12% 1,187 $221K No change
BSV Vanguard Short-Term Bond ETF 0.11% 2,628 $207K No change
CWB SS SPDR BB Conv Sec ETF 0.11% 2,278 $206K No change
BA The Boeing Co. 0.10% 884 $191K No change
IAU iShares Gold Trust 0.10% 2,565 $187K No change
IWD iShares Russell 1000 Value E 0.10% 911 $185K Add +0.2%
PG The Procter & Gamble Co. 0.10% 1,204 $185K No change
INTC Intel Corp. 0.10% 5,378 $180K No change
ACWI iShares MSCI Acwi ETF 0.10% 1,295 $179K No change
BABA Alibaba Group Holding-SP ADR 0.09% 976 $174K No change
WM Waste Management Inc. 0.09% 770 $170K No change
XBI SS SPDR S&P Biotech ETF 0.08% 1,550 $155K No change
UBSI United Bankshares Inc. 0.08% 3,991 $149K Reduce -13.6%
LPX Louisiana-Pacific Corp. 0.07% 1,500 $133K No change
GE General Electric filed as GE AEROSPACE 0.07% 421 $127K No change
APO Apollo Global Management Inc. 0.07% 950 $127K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 428 $121K No change
RPM RPM International Inc. 0.07% 1,023 $121K No change
MRK Merck & Co. Inc. 0.06% 1,320 $111K No change
UPS United Parcel Service Class B 0.06% 1,300 $109K No change
VNQ Vanguard Real Estate ETF 0.06% 1,159 $106K No change
UBER Uber Technologies Inc. 0.06% 1,055 $103K No change
JOE The St Joe Co. 0.05% 2,000 $99K No change
AGG iShares Core U.S. Aggregate 0.05% 903 $91K No change
DXJ Wisdomtree Japan Hedged Eq 0.05% 700 $90K No change
QCOM Qualcomm Inc. 0.05% 533 $89K No change
MO Altria Group Inc. 0.05% 1,302 $86K No change
CMCSA Comcast Corp. Class A 0.05% 2,665 $84K No change
VB Vanguard Most SM-Cap ETF-Usd 0.05% 328 $83K No change
XLI SS Industrial Select Sector 0.04% 500 $77K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 243 $75K No change
CP Canadian Pacific Kansas City 0.04% 1,000 $75K No change
CB Chubb Ltd. 0.04% 260 $73K No change
ALTI Alti Global Inc. 0.04% 19,430 $69K No change
DBC Invesco DB Commodity Index T 0.04% 3,053 $69K No change
NVDA Nvidia Corp. 0.04% 350 $65K No change
GEV GE Vernova Inc. 0.03% 104 $64K No change
F Ford Motor Co. filed as FORD MTR CO 0.03% 5,000 $60K No change
TKO Tko Group Holdings Inc. 0.03% 293 $59K No change
ABT Abbott Laboratories 0.03% 425 $57K No change
EIX Edison International 0.03% 1,000 $55K No change
C Citigroup Inc. 0.03% 500 $51K No change
EMR Emerson Electric Co. 0.02% 337 $44K No change
SLV iShares Silver Trust 0.02% 950 $40K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 772 $40K No change
AXP American Express Co. 0.02% 104 $35K No change
NVO Novo-Nordisk A/S-Spons ADR 0.02% 590 $33K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 274 $31K No change
XOM Exxon Mobil Corp. 0.02% 278 $31K No change
AIG American International Group 0.02% 385 $30K No change
IYR iShares US Real Estate ETF 0.02% 300 $29K No change
IWM iShares Russell 2000 ETF 0.02% 117 $28K No change
TIC Tic Solutions Inc. filed as ACUREN CORP 0.01% 2,000 $27K New
CVS CVS Health Corp. 0.01% 350 $26K No change
HAL Halliburton Co. 0.01% 1,000 $25K No change
CRM Salesforce Inc. 0.01% 103 $24K No change
EFA iShares MSCI Eafe ETF 0.01% 252 $24K No change
BLK BlackRock Inc. 0.01% 20 $23K No change
T AT&T Inc. 0.01% 812 $23K No change
PCG P G & E Corp. 0.01% 1,500 $23K No change
TSLA Tesla Inc. 0.01% 37 $16K No change
IEI iShares 3-7 Year Treasury Bo 0.01% 133 $16K No change
KMB Kimberly-Clark Corp. 0.01% 126 $16K No change
META Meta Platforms Inc. Class A 0.01% 18 $13K No change
NFLX Netflix Inc. 0.01% 10 $12K No change
ORCL Oracle Corp. 0.01% 42 $12K No change
TTI Tetra Technologies Inc. 0.01% 2,000 $12K New
EOSE Eos Energy Enterprises Inc. 0.01% 1,000 $11K New
PSKY Paramount Skydance Class B 0.01% 575 $11K New
RXST Rxsight Inc. 0.01% 1,078 $10K No change
WFC Wells Fargo & Co. 0.00% 108 $9K No change
ADSK Autodesk Inc. 0.00% 25 $8K No change
LPTH Lightpath Technologies Inc. Class A 0.00% 1,000 $8K New
V Visa Inc. Class A 0.00% 23 $8K No change
UMAC Unusual Machines Inc. 0.00% 500 $8K New
EEM iShares MSCI Emerging Market 0.00% 138 $7K No change
PH Parker Hannifin Corp. 0.00% 9 $7K No change
DUK Duke Energy Corp. 0.00% 50 $6K No change
XLRE SS Real Estate Select Sector 0.00% 125 $5K No change
LMT Lockheed Martin Corp. 0.00% 10 $5K No change
SHOP Shopify Inc. Class A 0.00% 33 $5K No change
BAX Baxter International Inc. 0.00% 211 $5K No change
COF Capital One Financial Corp. 0.00% 22 $5K No change
SONY Sony Group Corp. - SP ADR 0.00% 160 $5K No change
CTVA Corteva Inc. 0.00% 66 $4K No change
AMP Ameriprise Financial Inc. 0.00% 9 $4K No change
ATO Atmos Energy Corp. 0.00% 23 $4K No change
VWOB Vanguard Emerg MKTS Gov BND 0.00% 58 $4K No change
WBD Warner Bros Discovery Inc. 0.00% 195 $4K No change
MLM Martin Marietta Materials 0.00% 6 $4K No change
MNST Monster Beverage Corp. 0.00% 56 $4K No change
XYL Xylem Inc. 0.00% 23 $3K No change
VZ Verizon Communications Inc. 0.00% 77 $3K No change
ECL Ecolab Inc. 0.00% 12 $3K No change
LEN Lennar Corp. Class A 0.00% 25 $3K No change
XEL Xcel Energy Inc. 0.00% 39 $3K No change
VRTX Vertex Pharmaceuticals Inc. 0.00% 8 $3K No change
USB US Bancorp 0.00% 64 $3K No change
BX Blackstone Inc. 0.00% 18 $3K No change
GD General Dynamics Corp. 0.00% 9 $3K No change
MUFG Mitsubishi Ufj Finl-Spon ADR 0.00% 186 $3K No change
TDY Teledyne Technologies Inc. 0.00% 5 $3K No change
KO The Coca-Cola Co. 0.00% 44 $3K No change
AMGN Amgen Inc. 0.00% 10 $3K No change
PNC PNC Financial Services Group 0.00% 14 $3K No change
HON Honeywell International Inc. 0.00% 12 $3K No change
LOW Lowe's Cos Inc. 0.00% 10 $3K No change
AWK American Water Works Co. Inc. 0.00% 18 $3K No change
MCHP Microchip Technology Inc. 0.00% 39 $3K No change
ADBE Adobe Inc. 0.00% 7 $2K No change
WF Woori Financial-Spon ADR 0.00% 43 $2K No change
TTE Totalenergies SE -Spon ADR 0.00% 39 $2K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 31 $2K No change
MDT Medtronic PLC 0.00% 23 $2K No change
DHR Danaher Corp. 0.00% 11 $2K No change
CTRA Coterra Energy Inc. 0.00% 92 $2K No change
CFR Cullen/Frost Bankers Inc. 0.00% 17 $2K No change
OSK Oshkosh Corp. 0.00% 16 $2K No change
DD Dupont DE Nemours Inc. 0.00% 25 $2K No change
SBUX Starbucks Corp. 0.00% 23 $2K No change
ELS Equity Lifestyle Properties 0.00% 32 $2K No change
NVS Novartis AG-Sponsored ADR 0.00% 14 $2K No change
ISRG Intuitive Surgical Inc. 0.00% 4 $2K No change
SEIC Sei Investments Company 0.00% 21 $2K No change
EXPD Expeditors Intl Wash Inc. 0.00% 14 $2K No change
REGN Regeneron Pharmaceuticals 0.00% 3 $2K No change
BBJP JPMorgan Betabuilders Japan 0.00% 24 $2K No change
YUM Yum! Brands Inc. 0.00% 10 $2K No change
CBSH Commerce Bancshares Inc. 0.00% 25 $1K No change
SNPS Synopsys Inc. 0.00% 3 $1K New
TMO Thermo Fisher Scientific Inc. 0.00% 3 $1K No change
XYZ Block Inc. 0.00% 17 $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
FDS Factset Research Systems Inc. 0.00% 4 $1K No change
GEHC GE Healthcare Technology 0.00% 15 $1K No change
STZ Constellation Brands Inc. Class A 0.00% 8 $1K No change
PYPL PayPal Holdings Inc. 0.00% 16 $1K No change
ILMN Illumina Inc. 0.00% 11 $1K No change
DE Deere & Co. 0.00% 2 $915 No change
BBCA JPMorgan Betabuilders Canada 0.00% 10 $872 No change
BBAX JPMorgan Betabuilders Develo 0.00% 12 $676 No change
YUMC Yum China Holdings Inc. 0.00% 11 $472 No change
MRP Millrose Properties 0.00% 12 $403 No change
GRAL Grail Inc. 0.00% 1 $59 No change

Portfolio Sells Q2 2025 → Q3 2025
ARCC Ares Capital Corp. Reduce -2.2% 1.83% −0.27
AMZN Amazon.com Inc. Reduce -11.0% 1.51% −0.26
IYH iShares U.S. Healthcare ETF Reduce -31.8% 0.21% −0.10
IWS iShares Russell Mid-Cap Valu Reduce -32.0% 0.21% −0.09
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -24.5% 0.32% −0.09
ACWV iShares MSCI Global Min Vol Reduce -2.3% 0.71% −0.04
CRH CRH PLC Sold out 0.00% −0.02
UBSI United Bankshares Inc. Reduce -13.6% 0.08% −0.01
SHY iShares 1-3 Year Treasury Bo Sold out 0.00% −0.01
PARAA Paramount Global Class B Sold out 0.00% −0.00
ANSS Ansys Inc. Sold out 0.00% −0.00
MDY State Street SPDR S&P Midcap Reduce -0.1% 5.19% +0.04
VIG Vanguard Dividend Apprec ETF Reduce -0.4% 14.49% +0.10
MU Micron Technology Inc. Reduce -17.1% 3.97% +0.29
SPY SS SPDR S&P 500 ETF Trust-US Reduce 0.0% 18.79% +0.61

Portfolio Buys Q2 2025 → Q3 2025
IJR iShares Core S&P Small-Cap E Add +2.1% 1.85% +0.11
VYM Vanguard High DVD Yield ETF Add +0.0% 5.77% +0.08
VOO Vanguard S&P 500 ETF Add +0.0% 1.10% +0.04
TIC Tic Solutions Inc. New 0.01% +0.01
EOSE Eos Energy Enterprises Inc. New 0.01% +0.01
TTI Tetra Technologies Inc. New 0.01% +0.01
PSKY Paramount Skydance Class B New 0.01% +0.01
LPTH Lightpath Technologies Inc. Class A New 0.00% +0.00
UMAC Unusual Machines Inc. New 0.00% +0.00
IWD iShares Russell 1000 Value E Add +0.2% 0.10% +0.00
SNPS Synopsys Inc. New 0.00% +0.00
OWL Blue Owl Capital Inc. Add +3.5% 2.33% −0.33

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