Hoertkorn Richard Charles

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Hoertkorn Richard Charles reported 78 stock positions worth $258.6 million. Its top holding was Apple (AAPL) at 9.2% of the portfolio, followed by Marvell Technology (MRVL, 8.7%) and Microsoft (MSFT, 8.0%). Compared with Q2 2025, it sold out of 1, added to 10 and reduced 29. The biggest buy was Paramount Global Class B (PARAA, shares +13%) and the biggest sale Kinder Morgan (KMI, shares −2%).

Most Recent 13F
Q2 2026
Location
KENTFIELD, CA
CIK
0001598177
Portfolio Value
$258.6M (Q3 2025)
SEC Filing
0001598177-25-000005 ↗ filed Oct 27, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $232.9M Q1 2024 Q2 2024: $229.6M Q2 2024 Q3 2024: $231.8M Q3 2024 Q4 2024: $243.2M Q4 2024 Q1 2025: $216.2M Q1 2025 Q2 2025: $236.2M Q2 2025 Q3 2025: $258.6M $258.6M Q3 2025 Q4 2025: $257.4M Q4 2025 Q1 2026: $121.9M Q1 2026 Q2 2026: $149.2M Q2 2026

Holdings 78 stocks · $258.6M
AAPL Apple Inc. 9.22% 93,656 $23.8M Reduce -3.2%
MRVL Marvell Technology Group Ltd. 8.74% 268,744 $22.6M Reduce -1.1%
MSFT Microsoft Corp. 8.03% 40,106 $20.8M Reduce -4.4%
GE General Electric Company 7.68% 66,018 $19.9M Reduce -2.0%
GOOGL Alphabet Inc. Class A 6.33% 67,368 $16.4M Reduce -0.3%
JPM JPMorgan Chase & Co. 6.17% 50,557 $15.9M Reduce -3.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 5.49% 274,933 $14.2M Reduce -2.9%
KMI Kinder Morgan Inc. 5.40% 493,298 $14.0M Reduce -2.0%
GEV GE Vernova Inc. 3.94% 16,581 $10.2M Reduce -2.0%
PG The Procter & Gamble Co. 3.78% 63,580 $9.8M Reduce -0.0%
TMUS T-Mobile US Inc. 3.58% 38,673 $9.3M Reduce -5.5%
SCHWAB CHARLES CORP NEW 3.21% 86,822 $8.3M Reduce -3.6%
HD Home Depot Inc. 3.13% 19,976 $8.1M Reduce -0.1%
BA The Boeing Co. 2.84% 34,016 $7.3M Add +1.3%
PARAA Paramount Global Class B 2.11% 287,723 $5.4M Add +12.9%
CSCO Cisco Systems Inc. 1.62% 61,370 $4.2M Add +7.9%
APACHE CORP filed as APA CORPORATION 1.59% 169,034 $4.1M Reduce -2.5%
PYPL PayPal Holdings Inc. 1.53% 58,974 $4.0M Add +3.8%
F Ford Motor Co. filed as FORD MTR CO 1.53% 330,463 $4.0M Reduce -5.6%
DVN Devon Energy Corp. 1.49% 109,927 $3.9M Reduce -4.6%
NVDA Nvidia Corp. 1.36% 18,796 $3.5M Add +39.3%
XOM Exxon Mobil Corp. 1.18% 27,171 $3.1M Reduce -2.9%
INTC Intel Corp. 1.15% 88,500 $3.0M Add +8.2%
MCD McDonald's Corp. 1.14% 9,675 $2.9M Reduce -1.7%
AMD Advanced Micro Devices 0.99% 15,856 $2.6M Add +84.0%
AMZN Amazon.com Inc. 0.96% 11,302 $2.5M Reduce -0.2%
CVX Chevron Corp. 0.83% 13,812 $2.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.67% 3,459 $1.7M Reduce -2.1%
CBRE CBRE Group Inc. Class A 0.55% 9,855 $1.4M Reduce -7.1%
COP Conocophillips 0.49% 13,278 $1.3M Reduce -1.5%
CG The Carlyle Group Inc. 0.48% 20,000 $1.3M No change
JNJ Johnson & Johnson 0.46% 6,479 $1.2M Reduce -5.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.41% 9,337 $1.1M Reduce -27.5%
LLY Eli Lilly & Co. 0.21% 700 $534K No change
BABA Alibaba Group Holding-SP ADR 0.20% 2,925 $523K Reduce -16.6%
ITW Illinois Tool Works 0.20% 2,000 $522K No change
GOOG Alphabet Inc. Class C 0.17% 1,758 $428K Reduce -48.7%
PFE Pfizer Inc. 0.13% 12,784 $326K Add +144.3%
DNP DNP Select Income Fund Inc. 0.12% 30,366 $304K Add +17.4%
KO The Coca-Cola Co. 0.12% 4,530 $300K Reduce -1.6%
RTX RTX Corp. 0.09% 1,365 $228K No change
BX Blackstone Inc. 0.08% 1,175 $201K No change
JHI John Hancock Investors TR 0.08% 14,000 $196K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.07% 434 $189K Add +199.3%
PEP Pepsico Inc. 0.05% 930 $131K No change
T AT&T Inc. 0.04% 4,000 $113K No change
NTRS Northern Trust Corp. 0.04% 800 $108K No change
MMT Aberdeen Multimarket Income 0.04% 22,000 $105K No change
PSA Public Storage 0.04% 357 $103K No change
SBUX Starbucks Corp. 0.03% 950 $80K No change
KMB Kimberly-Clark Corp. 0.03% 624 $78K No change
SCHB Schwab US Broad Market ETF 0.02% 2,480 $64K No change
OTIS Otis Worldwide Corp. 0.02% 640 $59K Reduce -6.2%
YUM Yum! Brands Inc. 0.02% 372 $57K No change
VOOG Vanguard S&P 500 Growth ETF 0.02% 145 $45K Reduce -72.8%
O Realty Income Corp. 0.02% 666 $40K No change
WYNN WYNN Resorts Ltd. 0.01% 300 $38K No change
META Meta Platforms Inc. Class A 0.01% 39 $29K No change
PFG Principal Financial Group 0.01% 272 $23K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 650 $22K No change
GEHC GE Healthcare Technology 0.01% 292 $22K No change
ERTH Invesco MSCI Sustainable Fut 0.01% 448 $21K No change
TCBK Trico Bancshares 0.01% 355 $16K No change
V Visa Inc. Class A 0.01% 46 $16K No change
TSLA Tesla Inc. 0.01% 30 $13K No change
C Citigroup Inc. 0.00% 100 $10K No change
KIM Kimco Realty Corp. 0.00% 353 $8K No change
XYZ Block Inc. 0.00% 102 $7K No change
ESPR Esperion Therapeutics Inc. 0.00% 2,000 $5K No change
BP BP PLC-Spons ADR 0.00% 100 $3K No change
TLSI Trisalus Life Sciences Inc. 0.00% 668 $3K No change
SPOT Spotify Technology SA 0.00% 2 $1K No change
CMCSA Comcast Corp. Class A 0.00% 33 $1K No change
MAT Mattel Inc. 0.00% 38 $640 No change
EA Electronic Arts Inc. 0.00% 1 $202 No change
HAL Halliburton Co. 0.00% 4 $98 No change
CHDN Churchill Downs Inc. 0.00% 1 $97 No change
HAS Hasbro Inc. 0.00% 1 $76 No change

Portfolio Sells Q2 2025 → Q3 2025
KMI Kinder Morgan Inc. Reduce -2.0% 5.40% −0.86
MSFT Microsoft Corp. Reduce -4.4% 8.03% −0.80
TMUS T-Mobile US Inc. Reduce -5.5% 3.58% −0.55
PG The Procter & Gamble Co. Reduce -0.0% 3.78% −0.51
SCHWAB CHARLES CORP NEW Reduce -3.6% 3.21% −0.28
JPM JPMorgan Chase & Co. Reduce -3.5% 6.17% −0.27
DIS The Walt Disney Co. Reduce -27.5% 0.41% −0.26
BAC Bank of America Corp. Reduce -2.9% 5.49% −0.19
MRVL Marvell Technology Group Ltd. Reduce -1.1% 8.74% −0.17
AMZN Amazon.com Inc. Reduce -0.2% 0.96% −0.09
XOM Exxon Mobil Corp. Reduce -2.9% 1.18% −0.09
GOOG Alphabet Inc. Class C Reduce -48.7% 0.17% −0.09
MCD McDonald's Corp. Reduce -1.7% 1.14% −0.08
F Ford Motor Co. Reduce -5.6% 1.53% −0.08
VOOG Vanguard S&P 500 Growth ETF Reduce -72.8% 0.02% −0.07
DVN Devon Energy Corp. Reduce -4.6% 1.49% −0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.1% 0.67% −0.05
CBRE CBRE Group Inc. Class A Reduce -7.1% 0.55% −0.04
COP Conocophillips Reduce -1.5% 0.49% −0.03
KO The Coca-Cola Co. Reduce -1.6% 0.12% −0.02
AWR American States Water Co. Sold out 0.00% −0.01
OTIS Otis Worldwide Corp. Reduce -6.2% 0.02% −0.01
JNJ Johnson & Johnson Reduce -5.5% 0.46% +0.02
HD Home Depot Inc. Reduce -0.1% 3.13% +0.03
BABA Alibaba Group Holding-SP ADR Reduce -16.6% 0.20% +0.03
GEV GE Vernova Inc. Reduce -2.0% 3.94% +0.15
APACHE CORP Reduce -2.5% 1.59% +0.24
GE General Electric Company Reduce -2.0% 7.68% +0.34
AAPL Apple Inc. Reduce -3.2% 9.22% +0.81
GOOGL Alphabet Inc. Class A Reduce -0.3% 6.33% +1.29

Portfolio Buys Q2 2025 → Q3 2025
PARAA Paramount Global Class B Add +12.9% 2.11% +0.71
AMD Advanced Micro Devices Add +84.0% 0.99% +0.47
NVDA Nvidia Corp. Add +39.3% 1.36% +0.45
INTC Intel Corp. Add +8.2% 1.15% +0.37
PFE Pfizer Inc. Add +144.3% 0.13% +0.07
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +199.3% 0.07% +0.06
DNP DNP Select Income Fund Inc. Add +17.4% 0.12% +0.01
CSCO Cisco Systems Inc. Add +7.9% 1.62% −0.05
BA The Boeing Co. Add +1.3% 2.84% −0.14
PYPL PayPal Holdings Inc. Add +3.8% 1.53% −0.26

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 71$149.2MMRVL, GOOGL, AAPL, MSFT, JPM
Q1 2026 75$121.9MGOOGL, AAPL, MSFT, JPM, MRVL
Q4 2025 78$257.4MAAPL, MRVL, GOOGL, GE, MSFT
Q3 2025 78$258.6MAAPL, MRVL, MSFT, GE, GOOGL
Q2 2025 79$236.2MMRVL, MSFT, AAPL, GE, JPM
Q1 2025 80$216.2MAAPL, MRVL, MSFT, KMI, GE
Q4 2024 81$243.2MMRVL, AAPL, MSFT, KMI, GOOGL
Q3 2024 82$231.8MAAPL, MRVL, MSFT, GE, GOOGL
Q2 2024 85$229.6MAAPL, MSFT, MRVL, GOOGL, PG
Q1 2024 82$232.9MAAPL, MRVL, MSFT, GE, GOOGL