Inscription Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Inscription Capital, LLC reported 477 stock positions worth $693.7 million. Its top holding was Vanguard Tot World STK ETF (VT) at 9.1% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 5.8%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 3.9%). Compared with Q1 2025, it opened 242 new positions, sold out of 102, added to 77 and reduced 144. The biggest buy was Nvidia (NVDA, shares +1472%) and the biggest sale Bank of America (BAC, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001767868
- Portfolio Value
- $693.7M (Q2 2025)
- SEC Filing
- 0001767868-25-000004 ↗ filed Aug 12, 2025
Holdings Value
Holdings 477 stocks · $693.7M
| VT Vanguard Tot World STK ETF | 9.13% | 492,626 | $63.3M | Reduce -7.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.84% | 65,571 | $40.5M | Add +0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.87% | 292,912 | $26.9M | Add +87.3% |
| AAPL Apple Inc. | 3.48% | 117,736 | $24.2M | Reduce -16.5% |
| MSFT Microsoft Corp. | 3.07% | 42,815 | $21.3M | Reduce -11.3% |
| NVDA Nvidia Corp. | 2.76% | 121,390 | $19.2M | Add +1471.6% |
| GSLC Goldman Activebeta US LC ETF | 2.25% | 128,389 | $15.6M | Reduce -5.7% |
| BND Vanguard Total Bond Market | 1.82% | 171,631 | $12.6M | Reduce -16.4% |
| NKE Nike Inc. Class B | 1.70% | 166,227 | $11.8M | Reduce -2.4% |
| GSST Goldman Sachs Ultra Short Bo | 1.60% | 219,540 | $11.1M | New |
| AMZN Amazon.com Inc. | 1.58% | 50,097 | $11.0M | Add +1.8% |
| IGOV iShares International Treasu | 1.41% | 226,475 | $9.8M | Reduce -23.1% |
| PG The Procter & Gamble Co. | 1.38% | 60,125 | $9.6M | Reduce -4.8% |
| PAAA Pgim Aaa Clo ETF | 1.36% | 183,522 | $9.4M | New |
| EPD Enterprise Products Partners | 1.32% | 295,451 | $9.2M | Reduce -52.3% |
| GOOG Alphabet Inc. Class C | 1.25% | 48,751 | $8.6M | Reduce -22.3% |
| CVX Chevron Corp. | 1.19% | 57,863 | $8.3M | Reduce -23.1% |
| WMT Walmart Inc. | 1.18% | 83,874 | $8.2M | Reduce -6.8% |
| XOM Exxon Mobil Corp. | 1.01% | 64,868 | $7.0M | Add +19.8% |
| NFLX Netflix Inc. | 0.90% | 4,680 | $6.3M | Add +455.8% |
| PFGC Performance Food Group Co. | 0.88% | 69,425 | $6.1M | Add +587.4% |
| GS Goldman Sachs Group Inc. | 0.86% | 8,451 | $6.0M | Add +2.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.86% | 19,674 | $6.0M | Reduce -5.8% |
| GOOGL Alphabet Inc. Class A | 0.83% | 32,526 | $5.7M | Add +67.5% |
| IAU iShares Gold Trust | 0.80% | 88,807 | $5.5M | Reduce -0.1% |
| QUAL iShares MSCI USA Quality Fac | 0.78% | 29,463 | $5.4M | Reduce -10.9% |
| TSLA Tesla Inc. | 0.76% | 16,593 | $5.3M | Add +123.8% |
| UNP Union Pacific Corp. | 0.75% | 22,608 | $5.2M | Reduce -11.3% |
| GSG iShares S&P Gsci Commodity I | 0.63% | 199,182 | $4.4M | Reduce -17.8% |
| HD Home Depot Inc. | 0.63% | 11,921 | $4.4M | Add +12.9% |
| V Visa Inc. Class A | 0.60% | 11,647 | $4.1M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 0.55% | 5,192 | $3.8M | Reduce -7.5% |
| GLD SPDR Gold Shares | 0.53% | 12,171 | $3.7M | Add +44.5% |
| EMB iShares JP Morgan Usd Emergi | 0.52% | 39,229 | $3.6M | Reduce -14.2% |
| CL Colgate-Palmolive Co. | 0.51% | 38,774 | $3.5M | Add +6.8% |
| JNJ Johnson & Johnson | 0.50% | 22,573 | $3.4M | Reduce -7.6% |
| RTX RTX Corp. | 0.49% | 23,182 | $3.4M | Add +2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 6,646 | $3.2M | Reduce -4.3% |
| ABBV Abbvie Inc. | 0.46% | 17,234 | $3.2M | Reduce -10.2% |
| IYW iShares Ustechnology ETF | 0.46% | 18,256 | $3.2M | New |
| JPM JPMorgan Chase & Co. | 0.45% | 10,824 | $3.1M | Reduce -66.5% |
| MCD McDonald's Corp. | 0.44% | 10,485 | $3.1M | Reduce -18.9% |
| COST Costco Wholesale Corp. | 0.43% | 3,024 | $3.0M | Add +74.4% |
| EOG EOG Resources Inc. | 0.42% | 24,460 | $2.9M | Add +0.8% |
| KMI Kinder Morgan Inc. | 0.42% | 99,467 | $2.9M | Reduce -34.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.42% | 4 | $2.9M | No change |
| APH Amphenol Corp. Class A | 0.41% | 29,049 | $2.9M | New |
| PEP Pepsico Inc. | 0.39% | 20,285 | $2.7M | Reduce -22.0% |
| KO The Coca-Cola Co. | 0.36% | 35,104 | $2.5M | Reduce -28.7% |
| PLTR Palantir Technologies Inc. Class A | 0.35% | 17,884 | $2.4M | Add +84.6% |
| BA The Boeing Co. | 0.35% | 11,561 | $2.4M | Reduce -7.5% |
| ACN Accenture PLC Class A | 0.33% | 7,655 | $2.3M | Add +1.0% |
| CSCO Cisco Systems Inc. | 0.33% | 32,901 | $2.3M | Reduce -28.1% |
| VLO Valero Energy Corp. | 0.32% | 16,548 | $2.2M | Add +5.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 7,299 | $2.2M | Reduce -13.5% |
| SDVY First Trust Smid Cap Rising | 0.31% | 60,121 | $2.1M | New |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.30% | 52,854 | $2.1M | Add +936.0% |
| EW Edwards Lifesciences Corp. | 0.30% | 26,304 | $2.1M | Add +9.6% |
| AVGO Broadcom Inc. | 0.29% | 7,378 | $2.0M | Add +831.6% |
| TRGP Targa Resources Corp. | 0.29% | 11,643 | $2.0M | Reduce -50.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 3,616 | $2.0M | Reduce -30.9% |
| PB Prosperity Bancshares Inc. | 0.28% | 27,846 | $2.0M | Reduce -5.5% |
| CI The Cigna Group | 0.27% | 5,764 | $1.9M | Add +14.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 39,874 | $1.9M | Reduce -93.4% |
| MRK Merck & Co. Inc. | 0.27% | 23,780 | $1.9M | Reduce -36.8% |
| COMB Graniteshares Bcom Broad STR | 0.27% | 88,679 | $1.9M | Reduce -8.7% |
| DMLP Dorchester Minerals LP | 0.27% | 66,000 | $1.8M | Add +63.0% |
| CB Chubb Ltd. | 0.26% | 6,183 | $1.8M | Reduce -14.2% |
| IWY iShares Russell Top 200 Grow | 0.25% | 7,128 | $1.8M | New |
| MSI Motorola Solutions Inc. | 0.25% | 4,142 | $1.7M | Add +2.1% |
| C Citigroup Inc. | 0.24% | 19,922 | $1.7M | Reduce -33.3% |
| CYBR Cyberark Software Ltd./Israel | 0.23% | 4,000 | $1.6M | Reduce -2.4% |
| PM Philip Morris International | 0.23% | 8,598 | $1.6M | Reduce -46.7% |
| HCA HCA Healthcare Inc. | 0.22% | 3,994 | $1.5M | Add +15.9% |
| BKNG Booking Holdings Inc. | 0.22% | 263 | $1.5M | Add +110.4% |
| HON Honeywell International Inc. | 0.21% | 6,338 | $1.5M | Reduce -12.6% |
| RECS Columbia Resear Enh Cor ETF | 0.21% | 39,399 | $1.4M | New |
| SCHD Schwab US DVD Equity ETF | 0.20% | 53,377 | $1.4M | Add +41.6% |
| ET Energy Transfer LP | 0.20% | 77,639 | $1.4M | Reduce -65.0% |
| RSP Invesco S&P 500 Equal Weight | 0.20% | 7,647 | $1.4M | Add +40.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.20% | 14,691 | $1.4M | Add +6.6% |
| OXY Occidental Petroleum Corp. | 0.20% | 32,463 | $1.4M | Reduce -41.2% |
| GSIE Goldman Sachs Activebeta Int | 0.19% | 33,889 | $1.3M | Reduce -9.4% |
| UNH Unitedhealth Group Inc. | 0.19% | 4,258 | $1.3M | Reduce -30.1% |
| QCOM Qualcomm Inc. | 0.19% | 8,256 | $1.3M | Add +248.2% |
| HES Hess Corp. | 0.19% | 9,356 | $1.3M | Reduce -7.4% |
| TGT Target Corp. | 0.18% | 12,565 | $1.2M | Reduce -21.0% |
| KBDC Kayne Anderson BDC Inc. | 0.18% | 81,132 | $1.2M | New |
| KRE SS SPDR S&P Regional Bank | 0.18% | 20,800 | $1.2M | Reduce -5.5% |
| VOO Vanguard S&P 500 ETF | 0.18% | 2,153 | $1.2M | Reduce -44.1% |
| QTUM Defiance Quantum ETF | 0.18% | 13,272 | $1.2M | New |
| VEA Vanguard Ftse Developed ETF | 0.17% | 21,250 | $1.2M | Reduce -47.2% |
| AMT American Tower Corp. | 0.17% | 5,346 | $1.2M | Reduce -23.1% |
| MUB iShares National Muni Bond E | 0.17% | 11,298 | $1.2M | Add +7.3% |
| BGC BGC Group Inc. Class A | 0.17% | 114,266 | $1.2M | New |
| GBIL Goldman Sachs Access Treasur | 0.17% | 11,529 | $1.2M | Add +5.5% |
| MPLX MPLX LP | 0.17% | 22,350 | $1.2M | Reduce -19.1% |
| LLY Eli Lilly & Co. | 0.16% | 1,464 | $1.1M | Add +12.1% |
| CPAI Counterpoint Quan Equity ETF | 0.16% | 30,100 | $1.1M | New |
| RL Ralph Lauren Corp. | 0.16% | 4,060 | $1.1M | Add +200.7% |
Options reported separately and not counted above: KOS calls ($500), TALO calls ($500).
Portfolio Sells Q1 2025 → Q2 2025
| BAC Bank of America Corp. | Reduce -93.4% | 0.27% | −3.51 |
| EPD Enterprise Products Partners | Reduce -52.3% | 1.32% | −1.66 |
| NKE Nike Inc. Class B | Reduce -2.4% | 1.70% | −0.94 |
| CVX Chevron Corp. | Reduce -23.1% | 1.19% | −0.77 |
| BND Vanguard Total Bond Market | Reduce -16.4% | 1.82% | −0.64 |
| JPM JPMorgan Chase & Co. | Reduce -66.5% | 0.45% | −0.62 |
| VT Vanguard Tot World STK ETF | Reduce -7.5% | 9.13% | −0.58 |
| MRK Merck & Co. Inc. | Reduce -36.8% | 0.27% | −0.55 |
| OKE Oneok Inc. | Reduce -93.0% | 0.04% | −0.54 |
| IGOV iShares International Treasu | Reduce -23.1% | 1.41% | −0.52 |
| AAPL Apple Inc. | Reduce -16.5% | 3.48% | −0.51 |
| OXY Occidental Petroleum Corp. | Reduce -41.2% | 0.20% | −0.40 |
| ET Energy Transfer LP | Reduce -65.0% | 0.20% | −0.37 |
| PEP Pepsico Inc. | Reduce -22.0% | 0.39% | −0.37 |
| COP Conocophillips | Reduce -49.9% | 0.16% | −0.36 |
| GOOG Alphabet Inc. Class C | Reduce -22.3% | 1.25% | −0.33 |
| PG The Procter & Gamble Co. | Reduce -4.8% | 1.38% | −0.31 |
| UNH Unitedhealth Group Inc. | Reduce -30.1% | 0.19% | −0.31 |
| TGT Target Corp. | Reduce -21.0% | 0.18% | −0.29 |
| UNP Union Pacific Corp. | Reduce -11.3% | 0.75% | −0.28 |
| MSFT Microsoft Corp. | Reduce -11.3% | 3.07% | −0.28 |
| GSG iShares S&P Gsci Commodity I | Reduce -17.8% | 0.63% | −0.25 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.22 |
| PSX Phillips 66 | Reduce -35.4% | 0.15% | −0.21 |
| HSY The Hershey Co. | Reduce -62.6% | 0.07% | −0.19 |
| SBUX Starbucks Corp. | Reduce -61.7% | 0.09% | −0.17 |
| INTC Intel Corp. | Reduce -59.3% | 0.04% | −0.17 |
| PAGP Plains GP Holdings LP | Sold out | 0.00% | −0.16 |
| MCD McDonald's Corp. | Reduce -18.9% | 0.44% | −0.16 |
| VEA Vanguard Ftse Developed ETF | Reduce -47.2% | 0.17% | −0.16 |
| EMB iShares JP Morgan Usd Emergi | Reduce -14.2% | 0.52% | −0.15 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.15 |
| JNJ Johnson & Johnson | Reduce -7.6% | 0.50% | −0.14 |
| TRGP Targa Resources Corp. | Reduce -50.1% | 0.29% | −0.14 |
| KO The Coca-Cola Co. | Reduce -28.7% | 0.36% | −0.14 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −0.14 |
| SHEL Shell PLC-ADR | Reduce -55.0% | 0.09% | −0.13 |
| VOO Vanguard S&P 500 ETF | Reduce -44.1% | 0.18% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -56.0% | 0.06% | −0.13 |
| BLK BlackRock Inc. | Reduce -52.0% | 0.14% | −0.13 |
| TMF Dir DLY 20+YR TR BL3X ETF-Ui | Sold out | 0.00% | −0.13 |
| FENY Fidelity MSCI Energy Index | Sold out | 0.00% | −0.13 |
| RHP Ryman Hospitality Properties | Sold out | 0.00% | −0.12 |
| DIS The Walt Disney Co. | Reduce -45.5% | 0.11% | −0.12 |
| QUAL iShares MSCI USA Quality Fac | Reduce -10.9% | 0.78% | −0.12 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.12 |
| CAT Caterpillar Inc. | Reduce -48.0% | 0.11% | −0.12 |
| ABBV Abbvie Inc. | Reduce -10.2% | 0.46% | −0.12 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.11 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.11 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +1471.6% | 2.76% | +1.61 |
| GSST Goldman Sachs Ultra Short Bo | New | 1.60% | +1.60 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +87.3% | 3.87% | +1.50 |
| PAAA Pgim Aaa Clo ETF | New | 1.36% | +1.36 |
| NFLX Netflix Inc. | Add +455.8% | 0.90% | +0.82 |
| PFGC Performance Food Group Co. | Add +587.4% | 0.88% | +0.75 |
| TSLA Tesla Inc. | Add +123.8% | 0.76% | +0.54 |
| IYW iShares Ustechnology ETF | New | 0.46% | +0.46 |
| APH Amphenol Corp. Class A | New | 0.41% | +0.41 |
| GOOGL Alphabet Inc. Class A | Add +67.5% | 0.83% | +0.34 |
| PLTR Palantir Technologies Inc. Class A | Add +84.6% | 0.35% | +0.31 |
| SDVY First Trust Smid Cap Rising | New | 0.31% | +0.31 |
| GS Goldman Sachs Group Inc. | Add +2.5% | 0.86% | +0.29 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +936.0% | 0.30% | +0.26 |
| IWY iShares Russell Top 200 Grow | New | 0.25% | +0.25 |
| GLD SPDR Gold Shares | Add +44.5% | 0.53% | +0.25 |
| COST Costco Wholesale Corp. | Add +74.4% | 0.43% | +0.22 |
| RECS Columbia Resear Enh Cor ETF | New | 0.21% | +0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 5.84% | +0.19 |
| KBDC Kayne Anderson BDC Inc. | New | 0.18% | +0.18 |
| QTUM Defiance Quantum ETF | New | 0.18% | +0.18 |
| BGC BGC Group Inc. Class A | New | 0.17% | +0.17 |
| CPAI Counterpoint Quan Equity ETF | New | 0.16% | +0.16 |
| BKNG Booking Holdings Inc. | Add +110.4% | 0.22% | +0.14 |
| XSMO Invesco S&P Smallcap Momentu | New | 0.14% | +0.14 |
| RTX RTX Corp. | Add +2.9% | 0.49% | +0.13 |
| LRCX Lam Research Corp. | New | 0.12% | +0.12 |
| QCOM Qualcomm Inc. | Add +248.2% | 0.19% | +0.12 |
| FTWO Strive Natural Resources And | New | 0.12% | +0.12 |
| AVGO Broadcom Inc. | Add +831.6% | 0.29% | +0.12 |
| AMZN Amazon.com Inc. | Add +1.8% | 1.58% | +0.12 |
| RL Ralph Lauren Corp. | Add +200.7% | 0.16% | +0.12 |
| FFIV F5 Inc. | New | 0.11% | +0.11 |
| ADBE Adobe Inc. | New | 0.11% | +0.11 |
| CRUS Cirrus Logic Inc. | New | 0.11% | +0.11 |
| VIVK Vivakor Inc. | New | 0.11% | +0.11 |
| ABNB Airbnb Inc. Class A | New | 0.11% | +0.11 |
| FOXA Fox Corp. Class A | New | 0.10% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.10% | +0.10 |
| MNST Monster Beverage Corp. | New | 0.10% | +0.10 |
| FTNT Fortinet Inc. | New | 0.10% | +0.10 |
| WSM Williams-Sonoma Inc. | New | 0.09% | +0.09 |
| DFAX Dimensional World Ex US Core | New | 0.09% | +0.09 |
| INTU Intuit Inc. | Add +155.5% | 0.15% | +0.09 |
| PYPL PayPal Holdings Inc. | New | 0.09% | +0.09 |
| DASH DoorDash Inc. Class A | New | 0.09% | +0.09 |
| ANET Arista Networks Inc. | New | 0.09% | +0.09 |
| HWM Howmet Aerospace Inc. | New | 0.09% | +0.09 |
| LMT Lockheed Martin Corp. | Add +170.9% | 0.15% | +0.09 |
| MSA Msa Safety Inc. | New | 0.09% | +0.09 |
Options Activity Q1 2025 → Q2 2025
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 446 | $532Kbefore exit |
| SABLE OFFSHORE CORP | *W EXP 02/14/202 | Sold out | 152,201 | $393Kbefore exit |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 5,595 | $241Kbefore exit |
| SEPAW Sep Acquisition Corp. -CW23 | *W EXP 99/99/999 | Sold out | 23,750 | $4Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 789 | $1.1B | VT, SPY, AAPL, NVDA, BIL |
| Q1 2026 | 714 | $951.1M | VT, SPY, AAPL, NVDA, BIL |
| Q4 2025 | 682 | $973.9M | VT, SPY, AAPL, BIL, NVDA |
| Q3 2025 | 638 | $927.9M | VT, SPY, AAPL, NVDA, MSFT |
| Q2 2025 | 477 | $693.7M | VT, SPY, BIL, AAPL, MSFT |
| Q1 2025 | 337 | $605.9M | VT, SPY, AAPL, BAC, MSFT |
| Q3 2024 | 366 | $671.0M | VT, SPY, AAPL, GSST, BAC |
| Q2 2024 | 344 | $619.9M | VT, SPY, AAPL, BAC, MSFT |
| Q1 2024Amended | 337 | $606.0M | VT, SPY, AAPL, BAC, MSFT |