Granite FO LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Granite FO LLC reported 175 stock positions worth $187.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 18.7% of the portfolio, followed by Vanguard Dividend Apprec ETF (VIG, 14.4%) and Berkshire Hathaway Class A (BRK.A, 13.3%). Compared with Q3 2025, it sold out of 17, added to 9 and reduced 28. The biggest buy was iShares Core S&P Small-Cap E (IJR, shares +11%) and the biggest sale Berkshire Hathaway Class A (BRK.A, shares −6%).

Most Recent 13F
Q2 2026
Location
BEDFORD, NH
CIK
0002034090
Portfolio Value
$187.5M (Q4 2025)
SEC Filing
0001420506-26-000184 ↗ filed Feb 6, 2026

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 Q3 2025 Q4 2025: $187.5M $187.5M Q4 2025 Q1 2026: $169.0M Q1 2026 Q2 2026: $189.1M Q2 2026

Holdings 175 stocks · $187.5M
SPY SS SPDR S&P 500 ETF Trust-US 18.75% 51,542 $35.1M Reduce -0.8%
VIG Vanguard Dividend Apprec ETF 14.44% 123,135 $27.1M Reduce -0.4%
BRK.A Berkshire Hathaway Inc. Class A 13.29% 33 $24.9M Reduce -5.7%
MU Micron Technology Inc. 6.65% 43,699 $12.5M No change
VYM Vanguard High DVD Yield ETF 5.77% 75,428 $10.8M Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 5.44% 20,280 $10.2M No change
MDY State Street SPDR S&P Midcap 5.35% 16,627 $10.0M Add +3.8%
GBDC Golub Capital BDC Inc. 2.90% 400,505 $5.4M Reduce -20.6%
OWL Blue Owl Capital Inc. 2.28% 286,446 $4.3M Add +13.2%
DVY iShares Select Dividend ETF 2.15% 28,587 $4.0M No change
IJR iShares Core S&P Small-Cap E 2.03% 31,655 $3.8M Add +10.6%
ARCC Ares Capital Corp. 1.61% 149,310 $3.0M Reduce -9.8%
AMZN Amazon.com Inc. 1.41% 11,459 $2.6M Reduce -9.3%
AAPL Apple Inc. 1.29% 8,911 $2.4M Reduce -0.5%
IVV iShares Core S&P 500 ETF 1.25% 3,413 $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 1.11% 3,317 $2.1M Add +0.0%
GOOG Alphabet Inc. Class C 0.96% 5,735 $1.8M Reduce -0.8%
MSFT Microsoft Corp. 0.83% 3,232 $1.6M No change
USMV iShares MSCI USA Min Vol Fac 0.79% 15,822 $1.5M No change
ACWV iShares MSCI Global Min Vol 0.69% 10,829 $1.3M No change
ARES Ares Management Corp. Class A 0.66% 7,705 $1.2M No change
GLD SPDR Gold Shares 0.59% 2,800 $1.1M No change
XLF SS Financial Select Sector 0.59% 20,070 $1.1M Reduce -22.6%
LLY Eli Lilly & Co. 0.57% 1,000 $1.1M Reduce -20.0%
OBDC Blue Owl Capital Corp. 0.45% 67,300 $837K Reduce -12.9%
XLE SS Energy Select Sector 0.36% 15,140 $677K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.32% 2,835 $601K Add +1.1%
GOOGL Alphabet Inc. Class A 0.32% 1,896 $593K No change
PFE Pfizer Inc. 0.28% 21,303 $530K Reduce -0.5%
JPM JPMorgan Chase & Co. 0.28% 1,608 $518K Reduce -2.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.27% 1,028 $502K No change
WMT Walmart Inc. 0.25% 4,275 $476K Reduce -2.6%
VGK Vanguard Ftse Europe ETF 0.24% 5,435 $454K No change
IYH iShares U.S. Healthcare ETF 0.23% 6,663 $434K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.22% 855 $411K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.21% 1,385 $402K No change
CAT Caterpillar Inc. 0.21% 685 $392K No change
IWS iShares Russell Mid-Cap Valu 0.21% 2,750 $388K No change
JNJ Johnson & Johnson 0.15% 1,356 $281K Reduce -2.8%
PM Philip Morris International 0.15% 1,700 $273K No change
KKR KKR & Co. Inc. 0.14% 2,000 $255K No change
IWV iShares Russell 3000 ETF 0.13% 612 $237K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.12% 1,187 $227K No change
MRSH Marsh & McLennan Cos 0.12% 1,200 $223K No change
IAU iShares Gold Trust 0.11% 2,565 $208K 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 $203K No change
INTC Intel Corp. 0.10% 5,265 $194K Reduce -2.1%
IWD iShares Russell 1000 Value E 0.10% 913 $192K Add +0.2%
BA The Boeing Co. 0.10% 874 $190K Reduce -1.1%
XBI SS SPDR S&P Biotech ETF 0.10% 1,550 $189K No change
ACWI iShares MSCI Acwi ETF 0.10% 1,295 $183K No change
UBSI United Bankshares Inc. 0.09% 4,619 $177K Add +15.7%
WM Waste Management Inc. 0.09% 770 $169K No change
PG The Procter & Gamble Co. 0.09% 1,166 $167K Reduce -3.2%
BABA Alibaba Group Holding-SP ADR 0.08% 976 $143K No change
APO Apollo Global Management Inc. 0.07% 950 $138K No change
GE General Electric filed as GE AEROSPACE 0.07% 421 $130K No change
UPS United Parcel Service Class B 0.07% 1,300 $129K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 428 $127K No change
JOE The St Joe Co. 0.06% 2,000 $119K No change
KTOS Kratos Defense & Security 0.06% 1,500 $114K Reduce -57.1%
RPM RPM International Inc. 0.06% 1,023 $106K No change
VNQ Vanguard Real Estate ETF 0.05% 1,159 $103K No change
DXJ Wisdomtree Japan Hedged Eq 0.05% 700 $101K No change
QCOM Qualcomm Inc. 0.05% 533 $91K No change
AGG iShares Core U.S. Aggregate 0.05% 903 $90K No change
ALTI Alti Global Inc. 0.05% 19,430 $90K No change
UBER Uber Technologies Inc. 0.05% 1,055 $86K No change
VB Vanguard Most SM-Cap ETF-Usd 0.05% 328 $85K No change
CB Chubb Ltd. 0.04% 260 $81K No change
XLI SS Industrial Select Sector 0.04% 500 $78K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 243 $76K No change
MO Altria Group Inc. 0.04% 1,302 $75K No change
CP Canadian Pacific Kansas City 0.04% 1,000 $74K No change
DBC Invesco DB Commodity Index T 0.04% 3,053 $68K No change
GEV GE Vernova Inc. 0.04% 104 $68K No change
NVDA Nvidia Corp. 0.03% 350 $65K No change
TKO Tko Group Holdings Inc. 0.03% 293 $61K No change
SLV iShares Silver Trust 0.03% 950 $61K No change
C Citigroup Inc. 0.03% 434 $51K Reduce -13.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 772 $42K No change
AXP American Express Co. 0.02% 104 $38K No change
BSX Boston Scientific Corp. 0.02% 400 $38K Reduce -83.3%
MRK Merck & Co. Inc. 0.02% 347 $37K Reduce -73.7%
XOM Exxon Mobil Corp. 0.02% 278 $33K No change
AIG American International Group 0.02% 385 $33K No change
NVO Novo-Nordisk A/S-Spons ADR 0.02% 590 $30K No change
IWM iShares Russell 2000 ETF 0.02% 117 $29K No change
IYR iShares US Real Estate ETF 0.01% 300 $28K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 242 $28K Reduce -11.7%
EFA iShares MSCI Eafe ETF 0.01% 252 $24K No change
T AT&T Inc. 0.01% 746 $19K Reduce -8.1%
TSLA Tesla Inc. 0.01% 37 $17K No change
IEI iShares 3-7 Year Treasury Bo 0.01% 133 $16K No change
KMB Kimberly-Clark Corp. 0.01% 126 $13K No change
META Meta Platforms Inc. Class A 0.01% 18 $12K No change
WFC Wells Fargo & Co. 0.01% 108 $10K No change
ABT Abbott Laboratories 0.01% 75 $9K Reduce -82.3%
NFLX Netflix Inc. 0.01% 100 $9K No change
ORCL Oracle Corp. 0.00% 42 $8K No change
V Visa Inc. Class A 0.00% 23 $8K No change
PH Parker Hannifin Corp. 0.00% 9 $8K No change
EEM iShares MSCI Emerging Market 0.00% 138 $8K No change
ADSK Autodesk Inc. 0.00% 25 $7K No change
PSKY Paramount Skydance Class B 0.00% 499 $7K Reduce -13.2%
DUK Duke Energy Corp. 0.00% 50 $6K No change
COF Capital One Financial Corp. 0.00% 22 $5K No change
SHOP Shopify Inc. Class A 0.00% 33 $5K No change
WBD Warner Bros Discovery Inc. 0.00% 178 $5K Reduce -8.7%
XLRE SS Real Estate Select Sector 0.00% 125 $5K No change
LMT Lockheed Martin Corp. 0.00% 10 $5K No change
CTVA Corteva Inc. 0.00% 66 $4K No change
AMP Ameriprise Financial Inc. 0.00% 9 $4K No change
MNST Monster Beverage Corp. 0.00% 56 $4K No change
SONY Sony Group Corp. - SP ADR 0.00% 160 $4K No change
BAX Baxter International Inc. 0.00% 211 $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
MLM Martin Marietta Materials 0.00% 6 $4K No change
CRM Salesforce Inc. 0.00% 14 $4K Reduce -86.4%
VRTX Vertex Pharmaceuticals Inc. 0.00% 8 $4K No change
USB US Bancorp 0.00% 64 $3K No change
AMGN Amgen Inc. 0.00% 10 $3K No change
ECL Ecolab Inc. 0.00% 12 $3K No change
XYL Xylem Inc. 0.00% 23 $3K No change
KO The Coca-Cola Co. 0.00% 44 $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
PNC PNC Financial Services Group 0.00% 14 $3K No change
XEL Xcel Energy Inc. 0.00% 39 $3K No change
BX Blackstone Inc. 0.00% 18 $3K No change
LEN Lennar Corp. Class A 0.00% 25 $3K No change
TDY Teledyne Technologies Inc. 0.00% 5 $3K No change
TTE Totalenergies SE 0.00% 39 $3K No change
WF Woori Financial-Spon ADR 0.00% 43 $3K No change
DHR Danaher Corp. 0.00% 11 $3K No change
MCHP Microchip Technology Inc. 0.00% 39 $2K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 31 $2K No change
ADBE Adobe Inc. 0.00% 7 $2K No change
CTRA Coterra Energy Inc. 0.00% 92 $2K No change
LOW Lowe's Cos Inc. 0.00% 10 $2K No change
AWK American Water Works Co. Inc. 0.00% 18 $2K No change
HON Honeywell International Inc. 0.00% 12 $2K No change
REGN Regeneron Pharmaceuticals 0.00% 3 $2K No change
ISRG Intuitive Surgical Inc. 0.00% 4 $2K No change
MDT Medtronic PLC 0.00% 23 $2K No change
CFR Cullen/Frost Bankers Inc. 0.00% 17 $2K No change
EXPD Expeditors Intl Wash Inc. 0.00% 14 $2K No change
OSK Oshkosh Corp. 0.00% 16 $2K No change
ELS Equity Lifestyle Properties 0.00% 32 $2K No change
SBUX Starbucks Corp. 0.00% 23 $2K No change
NVS Novartis AG-Sponsored ADR 0.00% 14 $2K No change
TMO Thermo Fisher Scientific Inc. 0.00% 3 $2K No change
SEIC Sei Investments Company 0.00% 21 $2K No change
BBJP JPMorgan Betabuilders Japan 0.00% 24 $2K No change
YUM Yum! Brands Inc. 0.00% 10 $2K No change
ILMN Illumina Inc. 0.00% 11 $1K No change
SNPS Synopsys Inc. 0.00% 3 $1K No change
CBSH Commerce Bancshares Inc. 0.00% 26 $1K Add +4.0%
GEHC GE Healthcare Technology 0.00% 15 $1K No change
FDS Factset Research Systems Inc. 0.00% 4 $1K No change
XYZ Block Inc. 0.00% 17 $1K No change
STZ Constellation Brands Inc. Class A 0.00% 8 $1K No change
NKE Nike Inc. Class B 0.00% 17 $1K No change
WDAY Workday Inc. Class A 0.00% 5 $1K No change
PYPL PayPal Holdings Inc. 0.00% 16 $934 No change
DE Deere & Co. 0.00% 2 $931 No change
BBCA JPMorgan Betabuilders Canada 0.00% 10 $930 No change
BBAX JPMorgan Betabuilders Develo 0.00% 12 $676 No change
YUMC Yum China Holdings Inc. 0.00% 11 $525 No change
MRP Millrose Properties 0.00% 12 $358 No change
SOLS Solstice Adv Materials Inc. 0.00% 3 $146 No change
GRAL Grail Inc. 0.00% 1 $86 No change

Portfolio Sells Q3 2025 → Q4 2025
BRK.A Berkshire Hathaway Inc. Class A Reduce -5.7% 13.29% −1.05
GBDC Golub Capital BDC Inc. Reduce -20.6% 2.90% −0.85
ARCC Ares Capital Corp. Reduce -9.8% 1.61% −0.22
XLF SS Financial Select Sector Reduce -22.6% 0.59% −0.17
KTOS Kratos Defense & Security Reduce -57.1% 0.06% −0.11
BSX Boston Scientific Corp. Reduce -83.3% 0.02% −0.11
AMZN Amazon.com Inc. Reduce -9.3% 1.41% −0.10
OBDC Blue Owl Capital Corp. Reduce -12.9% 0.45% −0.09
LPX Louisiana-Pacific Corp. Sold out 0.00% −0.07
VIG Vanguard Dividend Apprec ETF Reduce -0.4% 14.44% −0.06
CMCSA Comcast Corp. Class A Sold out 0.00% −0.05
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.8% 18.75% −0.04
MRK Merck & Co. Inc. Reduce -73.7% 0.02% −0.04
F Ford Motor Co. Sold out 0.00% −0.03
EIX Edison International Sold out 0.00% −0.03
ABT Abbott Laboratories Reduce -82.3% 0.01% −0.03
EMR Emerson Electric Co. Sold out 0.00% −0.02
TIC Tic Solutions Inc. Sold out 0.00% −0.01
CVS CVS Health Corp. Sold out 0.00% −0.01
PFE Pfizer Inc. Reduce -0.5% 0.28% −0.01
HAL Halliburton Co. Sold out 0.00% −0.01
BLK BlackRock Inc. Sold out 0.00% −0.01
PCG P G & E Corp. Sold out 0.00% −0.01
PG The Procter & Gamble Co. Reduce -3.2% 0.09% −0.01
CRM Salesforce Inc. Reduce -86.4% 0.00% −0.01
JPM JPMorgan Chase & Co. Reduce -2.7% 0.28% −0.01
EOSE Eos Energy Enterprises Inc. Sold out 0.00% −0.01
TTI Tetra Technologies Inc. Sold out 0.00% −0.01
RXST Rxsight Inc. Sold out 0.00% −0.01
LPTH Lightpath Technologies Inc. Class A Sold out 0.00% −0.00
UMAC Unusual Machines Inc. Sold out 0.00% −0.00
T AT&T Inc. Reduce -8.1% 0.01% −0.00
BA The Boeing Co. Reduce -1.1% 0.10% −0.00
DIS The Walt Disney Co. Reduce -11.7% 0.01% −0.00
PSKY Paramount Skydance Class B Reduce -13.2% 0.00% −0.00
VZ Verizon Communications Inc. Sold out 0.00% −0.00
DD Dupont DE Nemours Inc. Sold out 0.00% −0.00
C Citigroup Inc. Reduce -13.2% 0.03% −0.00
WBD Warner Bros Discovery Inc. Reduce -8.7% 0.00% +0.00
INTC Intel Corp. Reduce -2.1% 0.10% +0.01
WMT Walmart Inc. Reduce -2.6% 0.25% +0.01
JNJ Johnson & Johnson Reduce -2.8% 0.15% +0.01
AAPL Apple Inc. Reduce -0.5% 1.29% +0.05
LLY Eli Lilly & Co. Reduce -20.0% 0.57% +0.06
GOOG Alphabet Inc. Class C Reduce -0.8% 0.96% +0.20

Portfolio Buys Q3 2025 → Q4 2025
IJR iShares Core S&P Small-Cap E Add +10.6% 2.03% +0.18
MDY State Street SPDR S&P Midcap Add +3.8% 5.35% +0.16
UBSI United Bankshares Inc. Add +15.7% 0.09% +0.01
VOO Vanguard S&P 500 ETF Add +0.0% 1.11% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +1.1% 0.32% +0.00
IWD iShares Russell 1000 Value E Add +0.2% 0.10% +0.00
VYM Vanguard High DVD Yield ETF Add +0.0% 5.77% +0.00
CBSH Commerce Bancshares Inc. Add +4.0% 0.00% −0.00
OWL Blue Owl Capital Inc. Add +13.2% 2.28% −0.04

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