Interchange Capital Partners, LLC

Name: Interchange Capital Partners, LLC 13F holdings, Q1 2025
Creator: Interchange Capital Partners, LLC
Published: 2025-04-30

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Interchange Capital Partners, LLC reported 269 stock positions worth $356.8 million. Its top holding was Semler Scientific (SMLR) at 13.0% of the portfolio, followed by Apple (AAPL, 5.0%) and JPM Ultra-Short Muni Income (JMST, 3.5%). Compared with Q4 2024, it opened 35 new positions, sold out of 13, added to 149 and reduced 76. The biggest buy was a new position in Semler Scientific (SMLR) and the biggest sale Tesla (TSLA, shares −2%).

Most Recent 13F: Q2 2026
Location: PITTSBURGH, PA
CIK: 0001845998
Portfolio Value: $356.8M (Q1 2025)
SEC Filing: 0001085146-25-002463 ↗ filed Apr 30, 2025

Holdings Value

Holdings 269 stocks · $356.8M


SMLR Semler Scientific Inc.	13.03%	1,284,575	$46.5M	New
AAPL Apple Inc.	5.01%	80,430	$17.9M	Add +98.9%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F	3.47%	243,538	$12.4M	Add +47.9%
IQLT iShares MSCI International Q	3.33%	299,477	$11.9M	Add +6.6%
MSFT Microsoft Corp.	2.76%	26,234	$9.8M	Add +37.8%
VTV Vanguard Mrngstr Val ETF-Aui	2.33%	48,221	$8.3M	Add +0.0%
IVV iShares Core S&P 500 ETF	2.24%	14,207	$8.0M	Add +30.9%
IEFA iShares Core MSCI Eafe ETF	2.20%	103,601	$7.8M	Add +52.9%
MDCX Medicus Pharma Ltd.	1.73%	1,661,871	$6.2M	Add +14.1%
JPST JPMorgan Ultra-Short Income	1.70%	119,932	$6.1M	Reduce -4.7%
VEA Vanguard Ftse Developed ETF	1.56%	109,470	$5.6M	Add +188.9%
IEMG iShares Core MSCI Emerging	1.36%	90,067	$4.9M	Add +27.6%
AMZN Amazon.com Inc.	1.32%	24,726	$4.7M	Add +0.8%
IAU iShares Gold Trust	1.15%	69,633	$4.1M	Add +61.7%
QUAL iShares MSCI USA Quality Fac	1.15%	23,974	$4.1M	Add +17.7%
VLUE iShares MSCI USA Value Facto	1.15%	38,389	$4.1M	Add +0.6%
NVDA Nvidia Corp.	1.11%	36,486	$4.0M	Add +21.5%
META Meta Platforms Inc. Class A	1.09%	6,739	$3.9M	Add +4.4%
JEPI JPMorgan Equity Premium Inco	1.00%	62,448	$3.6M	Add +0.8%
JPM JPMorgan Chase & Co.	0.96%	13,949	$3.4M	Add +22.6%
TSLA Tesla Inc.	0.87%	12,020	$3.1M	Reduce -1.6%
ABBV Abbvie Inc.	0.86%	14,709	$3.1M	Add +0.3%
GOOGL Alphabet Inc. Class A	0.85%	19,520	$3.0M	Add +3.8%
IVW iShares S&P 500 Growth ETF	0.80%	30,655	$2.8M	Add +1.7%
HD Home Depot Inc.	0.79%	7,662	$2.8M	Add +0.2%
GOOG Alphabet Inc. Class C	0.72%	16,330	$2.6M	Add +1.7%
GBTC Grayscale Bitcoin Trust ETF	0.68%	37,481	$2.4M	Reduce -2.3%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.65%	47,747	$2.3M	Add +2.3%
UNH Unitedhealth Group Inc.	0.65%	4,421	$2.3M	Reduce -1.6%
VYMI Vanguard Int High DVD YLD Inc.	0.64%	31,240	$2.3M	Add +1.3%
V Visa Inc. Class A	0.63%	6,383	$2.2M	Add +2.6%
BRK.B Berkshire Hathaway Inc. Class B	0.62%	4,152	$2.2M	Add +3.7%
PULS Pgim Ultra Short Bond ETF	0.60%	42,878	$2.1M	Reduce -6.5%
DFIV Dimensional International Va	0.59%	53,623	$2.1M	New
IVE iShares S&P 500 Value ETF	0.59%	10,994	$2.1M	Add +44.0%
ABT Abbott Laboratories	0.57%	15,280	$2.0M	Add +2.8%
EZU iShares MSCI Eurozone ETF	0.54%	36,267	$1.9M	Reduce -14.8%
EMXC iShares MSCI Emr MRK Ex Chna	0.53%	34,505	$1.9M	Reduce -21.2%
BBJP JPMorgan Betabuilders Japan	0.53%	33,783	$1.9M	Add +0.3%
VTI VG Morningstar TS MKT ETF-US	0.51%	6,656	$1.8M	Reduce -0.1%
FBND Fidelity Total Bond ETF	0.51%	39,944	$1.8M	Reduce -6.9%
SPY SS SPDR S&P 500 ETF Trust-US	0.50%	3,202	$1.8M	Reduce -1.5%
EFV iShares MSCI Eafe Value ETF	0.50%	30,367	$1.8M	Reduce -24.5%
MPC Marathon Petroleum Corp.	0.49%	12,018	$1.8M	Add +5.4%
JHMM John Hancock Multi Fact Mid	0.48%	29,809	$1.7M	Add +1.1%
MA Mastercard Inc. Class A	0.47%	3,034	$1.7M	Add +2.7%
PEP Pepsico Inc.	0.46%	11,024	$1.7M	Add +2.6%
RTX RTX Corp.	0.45%	12,247	$1.6M	Add +8.0%
BRK.A Berkshire Hathaway Inc. Class A	0.45%	2	$1.6M	No change
SBUX Starbucks Corp.	0.44%	15,957	$1.6M	Add +1.7%
IJR iShares Core S&P Small-Cap E	0.42%	14,320	$1.5M	Add +2.1%
AXP American Express Co.	0.42%	5,543	$1.5M	Add +0.5%
FICO Fair Isaac Corp.	0.41%	801	$1.5M	Add +12.0%
DGRW Wisdomtree U.S. Quality Divi	0.41%	18,434	$1.5M	Reduce -0.7%
MS Morgan Stanley	0.41%	12,575	$1.5M	Add +0.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.40%	5,507	$1.4M	Reduce -0.2%
AVGO Broadcom Inc.	0.39%	8,352	$1.4M	Add +11.3%
IYW iShares Ustechnology ETF	0.39%	9,900	$1.4M	Add +2.4%
CRWD CrowdStrike Holdings Inc. Class A	0.39%	3,914	$1.4M	Add +9.6%
GLD SPDR Gold Shares	0.38%	4,703	$1.4M	New
NEE Nextera Energy Inc.	0.35%	17,824	$1.3M	Add +3.0%
SHOP Shopify Inc. Class A	0.35%	13,167	$1.3M	Reduce -4.5%
HCA HCA Healthcare Inc.	0.35%	3,571	$1.2M	Reduce -1.5%
EQT Eqt Corp.	0.34%	22,600	$1.2M	Reduce -11.7%
SPYG SS SPDR P S&P 500 Growth ETF	0.34%	14,936	$1.2M	Reduce -2.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.34%	4,825	$1.2M	Add +27.1%
YUM Yum! Brands Inc.	0.33%	7,572	$1.2M	Add +0.1%
CRM Salesforce Inc.	0.33%	4,418	$1.2M	Add +8.7%
EFG iShares MSCI Eafe Growth ETF	0.31%	11,063	$1.1M	Reduce -48.9%
VWO Vanguard Ftse Emerging Marke	0.31%	24,395	$1.1M	Reduce -13.8%
TSM Taiwan Semiconductor-SP ADR	0.30%	6,514	$1.1M	Add +17.6%
LLY Eli Lilly & Co.	0.29%	1,260	$1.0M	Add +6.7%
IWF iShares Russell 1000 Growth	0.29%	2,862	$1.0M	Reduce -1.1%
ORCL Oracle Corp.	0.28%	7,152	$1000K	Add +4.4%
NFLX Netflix Inc.	0.28%	1,071	$999K	Add +1.8%
SCZ iShares MSCI Eafe Small-Cap	0.28%	15,604	$991K	Add +0.6%
XLV SS Health Care Select Sector	0.28%	6,772	$989K	Add +0.1%
CVX Chevron Corp.	0.27%	5,763	$964K	Add +12.1%
COST Costco Wholesale Corp.	0.27%	1,012	$957K	Add +2.4%
PM Philip Morris International	0.26%	5,920	$940K	Add +0.2%
VUG Vanguard Mrngstar GR ETF-Sui	0.26%	2,515	$933K	Reduce -1.8%
ARKB ARK 21SHARES Bitcoin ETF	0.25%	10,782	$886K	Reduce -12.3%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.24%	3,388	$871K	Reduce -3.4%
ANET Arista Networks Inc.	0.24%	11,188	$867K	Add +20.3%
MRK Merck & Co. Inc.	0.24%	9,482	$851K	Reduce -14.1%
IJH iShares Core S&P Midcap ETF	0.24%	14,566	$850K	Add +0.8%
FTEC Fidelity MSCI Info Tech Indx	0.23%	5,174	$834K	Add +0.1%
PLTR Palantir Technologies Inc. Class A	0.23%	9,856	$832K	Reduce -20.7%
ETHE Grayscale Ethereum Staking E	0.23%	53,973	$821K	Add +1.2%
AMAT Applied Materials Inc.	0.22%	5,527	$802K	Add +255.0%
JNJ Johnson & Johnson	0.22%	4,748	$788K	Reduce -7.7%
SDY SS SPDR S&P Dividend ETF	0.22%	5,792	$786K	Add +0.3%
ADBE Adobe Inc.	0.22%	2,037	$781K	Reduce -5.7%
IUSV iShares Core S&P U.S. Value	0.22%	8,445	$779K	Add +0.4%
APP AppLovin Corp. Class A	0.22%	2,939	$779K	Reduce -10.9%
XLF SS Financial Select Sector	0.21%	15,307	$762K	Add +68.4%
HELO JPMorgan Hedged Equity ETF	0.21%	12,516	$747K	Add +25.8%
CMCSA Comcast Corp. Class A	0.21%	19,869	$733K	Reduce -13.0%
VOO Vanguard S&P 500 ETF	0.20%	1,419	$729K	Add +0.1%
PNC PNC Financial Services Group	0.20%	4,105	$722K	Add +0.0%
VFMV Vanguard US Minimum Volatili	0.20%	5,556	$704K	No change
MAR Marriott International Class A	0.19%	2,916	$695K	Add +2.2%
BLDR Builders Firstsource Inc.	0.19%	5,532	$691K	Add +15.0%
XLE SS Energy Select Sector	0.19%	7,362	$688K	Reduce -36.2%
EFA iShares MSCI Eafe ETF	0.19%	8,412	$688K	Reduce -2.4%
MTUM iShares MSCI USA Momentum Fa	0.19%	3,392	$686K	Reduce -0.8%
PANW Palo Alto Networks Inc.	0.19%	4,011	$684K	Add +0.3%
OEF iShares S&P 100 ETF	0.19%	2,525	$684K	New
NOW ServiceNow Inc.	0.19%	855	$681K	Add +1.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.19%	16,156	$674K	Add +1.2%
ICE Intercontinental Exchange Inc.	0.19%	3,856	$665K	Add +3.5%
AXON Axon Enterprise Inc.	0.18%	1,254	$660K	Reduce -4.3%
TRV The Travelers Cos Inc.	0.18%	2,469	$653K	Add +5.0%
JSCP JPMorgan Short Duration Core	0.18%	13,600	$642K	No change
WMT Walmart Inc.	0.18%	7,223	$634K	Add +2.0%
RSPN Invesco S&P 500 Equal Weight	0.18%	12,881	$630K	Reduce -2.2%
IWM iShares Russell 2000 ETF	0.17%	3,081	$615K	Reduce -4.5%
PGR Progressive Corp.	0.17%	2,103	$595K	Add +3.4%
AMD Advanced Micro Devices	0.17%	5,787	$595K	Add +23.0%
MCK McKesson Corp.	0.17%	879	$591K	Add +22.9%
MGV Vngrd Mrgstr MG CP VL ETF-Ui	0.16%	4,487	$578K	Add +1.5%
TMO Thermo Fisher Scientific Inc.	0.16%	1,161	$578K	Add +0.8%
WFC Wells Fargo & Co.	0.16%	8,052	$578K	Add +23.5%
SPGI S&P Global Inc.	0.16%	1,132	$575K	Add +6.2%
PG The Procter & Gamble Co.	0.16%	3,302	$563K	Add +2.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.16%	5,674	$560K	Reduce -5.0%
ROKU Roku Inc.	0.16%	7,949	$560K	Reduce -35.4%
CSCO Cisco Systems Inc.	0.15%	8,832	$545K	Reduce -2.3%
ROK Rockwell Automation Inc.	0.15%	2,084	$538K	No change
GE General Electric filed as GE AEROSPACE	0.15%	2,682	$537K	Add +36.2%
ISRG Intuitive Surgical Inc.	0.15%	1,078	$534K	Add +13.7%
KO The Coca-Cola Co.	0.15%	7,437	$533K	Reduce -4.3%
CDNS Cadence Design SYS Inc.	0.15%	2,079	$529K	Add +26.2%
VRTX Vertex Pharmaceuticals Inc.	0.15%	1,088	$527K	Add +5.0%
COIN Coinbase Global Inc. Class A	0.15%	3,045	$524K	Add +5.4%
FTNT Fortinet Inc.	0.14%	5,369	$517K	Add +21.1%
IXJ iShares Global Healthcare Et	0.14%	5,631	$513K	Add +0.1%
HOOD Robinhood Markets Inc. Class A	0.14%	12,105	$504K	Reduce -21.1%
ITA iShares U.S. Aerospace & Def	0.14%	3,299	$503K	Add +22.1%
TMUS T-Mobile US Inc.	0.14%	1,865	$498K	Reduce -8.6%
XOM Exxon Mobil Corp.	0.14%	4,175	$497K	Reduce -4.7%
AMGN Amgen Inc.	0.14%	1,546	$482K	No change
DVY iShares Select Dividend ETF	0.13%	3,548	$476K	Reduce -1.3%
HEFA Isha Curr Hedged MSCI Eafe	0.13%	12,866	$467K	New
CIBR First Trust Nasdaq Cybersecu	0.13%	7,333	$462K	Reduce -1.0%
VGT Vanguard Info Tech ETF	0.13%	851	$461K	Add +3.5%
HDV iShares Core High Dividend E	0.13%	3,805	$461K	No change
QCOM Qualcomm Inc.	0.13%	2,995	$460K	Add +0.8%
INTU Intuit Inc.	0.13%	743	$456K	Add +3.2%
BTC Grayscale Bitcoin Mini ETF	0.13%	12,441	$454K	Add +16.7%
CAT Caterpillar Inc.	0.13%	1,354	$446K	Add +19.1%
SOXX iShares Semiconductor ETF	0.12%	2,313	$441K	Add +24.9%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.12%	9,509	$438K	Reduce -0.4%
RBLX Roblox Corp. Class A	0.12%	7,469	$435K	Reduce -19.9%
MO Altria Group Inc.	0.12%	7,219	$433K	Add +27.1%
CB Chubb Ltd.	0.12%	1,428	$431K	Add +5.1%
IWB iShares Russell 1000 ETF	0.12%	1,404	$431K	New
INTC Intel Corp.	0.12%	18,723	$425K	Reduce -8.8%
TXN Texas Instruments Inc.	0.12%	2,351	$423K	New
EXI iShares Global Industrials E	0.12%	2,844	$413K	Add +0.0%
PYPL PayPal Holdings Inc.	0.12%	6,310	$412K	Add +103.3%
SPSM SS SPDR P S&P 600 Small Cap	0.11%	9,796	$399K	Reduce -33.1%
HIG Hartford Insurance Group Inc.	0.11%	3,218	$398K	Reduce -3.9%
DHR Danaher Corp.	0.11%	1,939	$397K	Add +8.5%
P Everpure Inc. Class A filed as PURE STORAGE INC	0.11%	8,948	$396K	Add +0.9%
AVB Avalonbay Communities Inc.	0.11%	1,833	$393K	New
MELI MercadoLibre Inc.	0.11%	200	$391K	Add +15.6%
BKNG Booking Holdings Inc.	0.11%	83	$384K	Add +36.1%
ASML ASML Holding NV-NY Reg SHS	0.11%	577	$382K	Add +4.2%
AMP Ameriprise Financial Inc.	0.11%	789	$381K	Add +62.4%
VIG Vanguard Dividend Apprec ETF	0.11%	1,963	$381K	Add +0.2%
LRCX Lam Research Corp.	0.11%	5,210	$379K	Add +2.8%
UBER Uber Technologies Inc.	0.11%	5,176	$377K	New
S Sentinelone Inc. Class A	0.10%	20,174	$367K	New
GM General Motors Co.	0.10%	7,758	$365K	Add +11.9%
BLK BlackRock Inc.	0.10%	386	$365K	Reduce -0.5%
TDG Transdigm Group Inc.	0.10%	263	$363K	Add +8.2%
VB Vanguard Most SM-Cap ETF-Usd	0.10%	1,637	$363K	No change
NSC Norfolk Southern Corp.	0.10%	1,500	$355K	Reduce -1.3%
MCD McDonald's Corp.	0.10%	1,135	$355K	Add +2.2%
PFE Pfizer Inc.	0.10%	13,831	$350K	Reduce -3.8%
MU Micron Technology Inc.	0.10%	3,992	$347K	Add +0.7%
BABA Alibaba Group Holding-SP ADR	0.10%	2,622	$347K	Reduce -0.9%
DASH DoorDash Inc. Class A	0.10%	1,879	$343K	New
LMT Lockheed Martin Corp.	0.10%	759	$339K	Add +21.8%
DUK Duke Energy Corp.	0.09%	2,771	$338K	Add +1.0%
WMB Williams Cos Inc.	0.09%	5,639	$337K	Add +1.7%
CARR Carrier Global Corp.	0.09%	5,238	$332K	Add +0.9%
LULU Lululemon Athletica Inc.	0.09%	1,159	$328K	New
MET Metlife Inc.	0.09%	4,072	$327K	Add +48.9%
VST Vistra Corp.	0.09%	2,774	$326K	Add +0.6%
SPOT Spotify Technology SA	0.09%	590	$325K	Add +8.7%
VFH Vanguard Financials ETF	0.09%	2,716	$324K	Reduce -2.6%
TEM Tempus AI Inc. Class A	0.09%	6,692	$323K	Add +1.9%
LIN Linde PLC	0.09%	674	$314K	Add +2.3%
SCHF Schwab Intl Equity ETF	0.09%	15,784	$312K	Reduce -33.9%
ETHA iShares Ethereum Trust ETF	0.09%	22,355	$309K	Reduce -28.9%
CEG Constellation Energy	0.09%	1,514	$305K	New
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	0.09%	5,878	$304K	Add +4.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.09%	3,626	$304K	New
SNY Sanofi-ADR	0.08%	5,439	$302K	Reduce -2.0%
VRT Vertiv Holdings Co. Class A	0.08%	4,169	$301K	Add +35.8%
ITB iShares U.S. Home Constructi	0.08%	3,066	$298K	Add +47.8%
IAK iShares U.S. Insurance ETF	0.08%	2,180	$297K	New
SLV iShares Silver Trust	0.08%	9,570	$294K	Add +57.4%
ACN Accenture PLC Class A	0.08%	928	$290K	Add +10.2%
KLAC KLA Corp.	0.08%	417	$283K	Add +14.6%
SHW The Sherwin-Williams Co.	0.08%	806	$281K	Reduce -6.2%
SPYV SS SPDR P S&P 500 Value ETF	0.08%	5,501	$281K	No change
IGV iShares Expanded Tech-Softwa	0.08%	3,131	$280K	Add +50.8%
QQQ Invesco QQQ Trust Series 1	0.08%	592	$278K	Add +1.0%
ETN Eaton Corp. PLC	0.08%	1,018	$277K	Add +36.1%
D Dominion Energy Inc.	0.08%	4,897	$275K	Add +0.3%
GS Goldman Sachs Group Inc.	0.08%	496	$271K	Reduce -5.7%
IYG iShares U.S. Financial Servi	0.08%	3,422	$269K	Reduce -1.8%
XLP SS Consumer Staples Sel Sect	0.07%	3,236	$264K	Add +0.4%
FDIS Fidelity MSCI Cons Discr Ind	0.07%	3,125	$264K	Reduce -0.1%
UNP Union Pacific Corp.	0.07%	1,116	$264K	Add +3.7%
BA The Boeing Co.	0.07%	1,545	$264K	New
XYL Xylem Inc.	0.07%	2,186	$261K	Add +0.1%
J Jacobs Solutions Inc.	0.07%	2,160	$261K	Add +0.3%
BITO Proshares Bitcoin ETF-Usd	0.07%	14,203	$260K	Add +4.3%
DELL Dell Technologies -C	0.07%	2,837	$259K	Add +0.5%
VGK Vanguard Ftse Europe ETF	0.07%	3,600	$253K	Add +14.0%
CRSP Crispr Therapeutics AG	0.07%	7,419	$252K	Reduce -13.1%
BTI British American Tob-SP ADR	0.07%	6,034	$250K	Reduce -5.4%
SYF Synchrony Financial	0.07%	4,688	$248K	Add +26.0%
AIG American International Group	0.07%	2,842	$247K	New
MDT Medtronic PLC	0.07%	2,739	$246K	New
XLU St Sr Utl SL SE SPDR ETF-Usd	0.07%	3,118	$246K	Reduce -1.9%
IYE iShares U.S. Energy ETF	0.07%	4,948	$244K	New
VEU Vanguard Ftse All-World Ex-U	0.07%	4,000	$243K	No change
ARKK ARK Innovation ETF	0.07%	5,084	$242K	Reduce -0.7%
XLC SS Comm Select Sector SPDR	0.07%	2,505	$242K	New
VZ Verizon Communications Inc.	0.07%	5,308	$241K	New
PCOR Procore Technologies Inc.	0.07%	3,622	$239K	New
RCL Royal Caribbean Cruises Ltd.	0.07%	1,156	$237K	New
CMG Chipotle Mexican Grill Inc.	0.07%	4,706	$236K	Add +7.0%
OTIS Otis Worldwide Corp.	0.07%	2,280	$235K	Add +0.6%
MCHI iShares MSCI China ETF	0.07%	4,312	$235K	Reduce -1.8%
FIS Fidelity National Info Serv	0.07%	3,133	$234K	New
TER Teradyne Inc.	0.07%	2,808	$232K	Add +8.5%
BSX Boston Scientific Corp.	0.06%	2,297	$232K	New
NTRA Natera Inc.	0.06%	1,636	$231K	Reduce -8.9%
URI United Rentals Inc.	0.06%	362	$227K	New
DE Deere & Co.	0.06%	478	$225K	New
CL Colgate-Palmolive Co.	0.06%	2,393	$224K	Add +0.4%
NVS Novartis AG-Sponsored ADR	0.06%	1,979	$221K	Reduce -4.6%
ROL Rollins Inc.	0.06%	4,046	$219K	New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.06%	3,990	$218K	Reduce -5.0%
XBI SS SPDR S&P Biotech ETF	0.06%	2,672	$217K	New
PCAR Paccar Inc.	0.06%	2,218	$216K	Add +0.2%
SMCI Super Micro Computer Inc.	0.06%	6,274	$215K	New
PHM Pultegroup Inc.	0.06%	2,080	$214K	New
GILD Gilead Sciences Inc.	0.06%	1,888	$212K	Add +1.6%
HUBS HubSpot Inc.	0.06%	368	$210K	New
DECK Deckers Outdoor Corp.	0.06%	1,868	$209K	Add +17.2%
HON Honeywell International Inc.	0.06%	980	$208K	Add +7.5%
LOW Lowe's Cos Inc.	0.06%	881	$206K	Add +8.1%
LDOS Leidos Holdings Inc.	0.06%	1,522	$205K	Reduce -9.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.06%	1,655	$202K	New
T AT&T Inc.	0.06%	7,097	$201K	New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.05%	18,726	$192K	New
RXRX Recursion Pharmaceuticals-A	0.04%	25,717	$136K	Reduce -16.6%
ACHR Archer Aviation Inc. Class A	0.04%	18,543	$132K	Reduce -30.0%
TXG 10X Genomics Inc. Class A	0.03%	11,516	$101K	Reduce -8.9%
NTLA Intellia Therapeutics Inc.	0.02%	11,867	$84K	Reduce -17.9%
LYG Lloyds Banking Group PLC-ADR	0.01%	10,029	$38K	Reduce -1.1%
PACB Pacific Biosciences of Calif	0.01%	23,563	$28K	Reduce -21.4%

Options reported separately and not counted above: INTC calls ($99K), PYPL calls ($20K), TTD calls ($19K), GOOG calls ($19K), PFE calls ($8K), SLV calls ($7K), P calls ($6K), CMG calls ($6K), BABA calls ($6K), GLD calls ($5K), CRM calls ($5K), DELL calls ($4K), and 17 more.

Portfolio Sells Q4 2024 → Q1 2025


TSLA Tesla Inc.	Reduce -1.6%	0.87%	−0.92
JPST JPMorgan Ultra-Short Income	Reduce -4.7%	1.70%	−0.60
EFG iShares MSCI Eafe Growth ETF	Reduce -48.9%	0.31%	−0.45
EMXC iShares MSCI Emr MRK Ex Chna	Reduce -21.2%	0.53%	−0.35
GBTC Grayscale Bitcoin Trust ETF	Reduce -2.3%	0.68%	−0.35
EFV iShares MSCI Eafe Value ETF	Reduce -24.5%	0.50%	−0.26
PULS Pgim Ultra Short Bond ETF	Reduce -6.5%	0.60%	−0.23
ETHA iShares Ethereum Trust ETF	Reduce -28.9%	0.09%	−0.20
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -1.5%	0.50%	−0.19
VTI VG Morningstar TS MKT ETF-US	Reduce -0.1%	0.51%	−0.19
EZU iShares MSCI Eurozone ETF	Reduce -14.8%	0.54%	−0.19
XYZ Block Inc.	Sold out	0.00%	−0.19
SHOP Shopify Inc. Class A	Reduce -4.5%	0.35%	−0.18
UNH Unitedhealth Group Inc.	Reduce -1.6%	0.65%	−0.18
APP AppLovin Corp. Class A	Reduce -10.9%	0.22%	−0.17
ROKU Roku Inc.	Reduce -35.4%	0.16%	−0.17
ARKB ARK 21SHARES Bitcoin ETF	Reduce -12.3%	0.25%	−0.17
XLE SS Energy Select Sector	Reduce -36.2%	0.19%	−0.17
MRK Merck & Co. Inc.	Reduce -14.1%	0.24%	−0.16
SPYG SS SPDR P S&P 500 Growth ETF	Reduce -2.6%	0.34%	−0.15
VWO Vanguard Ftse Emerging Marke	Reduce -13.8%	0.31%	−0.14
FBND Fidelity Total Bond ETF	Reduce -6.9%	0.51%	−0.13
DGRW Wisdomtree U.S. Quality Divi	Reduce -0.7%	0.41%	−0.13
IWF iShares Russell 1000 Growth	Reduce -1.1%	0.29%	−0.13
VO Vngrd Mrngstr MD-Cap ETF-Usd	Reduce -0.2%	0.40%	−0.13
ADBE Adobe Inc.	Reduce -5.7%	0.22%	−0.13
SPSM SS SPDR P S&P 600 Small Cap	Reduce -33.1%	0.11%	−0.13
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -1.8%	0.26%	−0.12
TTD Trade Desk Inc./the Class A	Reduce -5.0%	0.06%	−0.12
PLTR Palantir Technologies Inc. Class A	Reduce -20.7%	0.23%	−0.11
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Reduce -3.4%	0.24%	−0.10
AXON Axon Enterprise Inc.	Reduce -4.3%	0.18%	−0.10
BBCA JPMorgan Betabuilders Canada	Sold out	0.00%	−0.09
EQT Eqt Corp.	Reduce -11.7%	0.34%	−0.09
VCYT Veracyte Inc.	Sold out	0.00%	−0.09
IWM iShares Russell 2000 ETF	Reduce -4.5%	0.17%	−0.09
BITX 2X Bitcoin ETF	Sold out	0.00%	−0.08
NKE Nike Inc. Class B	Sold out	0.00%	−0.08
AGYS Agilysys Inc.	Sold out	0.00%	−0.08
IFRA iShares US Infrastructure	Sold out	0.00%	−0.08
DIS The Walt Disney Co.	Reduce -5.0%	0.16%	−0.08
VXF Vanguard Extended Market ETF	Sold out	0.00%	−0.08
GD General Dynamics Corp.	Sold out	0.00%	−0.08
APH Amphenol Corp. Class A	Sold out	0.00%	−0.08
RBLX Roblox Corp. Class A	Reduce -19.9%	0.12%	−0.07
SCHF Schwab Intl Equity ETF	Reduce -33.9%	0.09%	−0.07
SOFI Sofi Technologies Inc.	Sold out	0.00%	−0.07
HOOD Robinhood Markets Inc. Class A	Reduce -21.1%	0.14%	−0.07
MTUM iShares MSCI USA Momentum Fa	Reduce -0.8%	0.19%	−0.06
RSPN Invesco S&P 500 Equal Weight	Reduce -2.2%	0.18%	−0.06

Portfolio Buys Q4 2024 → Q1 2025


SMLR Semler Scientific Inc.	New	13.03%	+13.03
AAPL Apple Inc.	Add +98.9%	5.01%	+1.34
VEA Vanguard Ftse Developed ETF	Add +188.9%	1.56%	+0.90
DFIV Dimensional International Va	New	0.59%	+0.59
IEFA iShares Core MSCI Eafe ETF	Add +52.9%	2.20%	+0.47
JMST JPM Ultra-Short Muni Income	Add +47.9%	3.47%	+0.44
MDCX Medicus Pharma Ltd.	Add +14.1%	1.73%	+0.42
GLD SPDR Gold Shares	New	0.38%	+0.38
IAU iShares Gold Trust	Add +61.7%	1.15%	+0.38
OEF iShares S&P 100 ETF	New	0.19%	+0.19
AMAT Applied Materials Inc.	Add +255.0%	0.22%	+0.13
HEFA Isha Curr Hedged MSCI Eafe	New	0.13%	+0.13
IWB iShares Russell 1000 ETF	New	0.12%	+0.12
TXN Texas Instruments Inc.	New	0.12%	+0.12
AVB Avalonbay Communities Inc.	New	0.11%	+0.11
UBER Uber Technologies Inc.	New	0.11%	+0.11
S Sentinelone Inc. Class A	New	0.10%	+0.10
DASH DoorDash Inc. Class A	New	0.10%	+0.10
LULU Lululemon Athletica Inc.	New	0.09%	+0.09
CEG Constellation Energy	New	0.09%	+0.09
BNY Bank of New York Mellon Corp.	New	0.09%	+0.09
IAK iShares U.S. Insurance ETF	New	0.08%	+0.08
BA The Boeing Co.	New	0.07%	+0.07
AIG American International Group	New	0.07%	+0.07
MDT Medtronic PLC	New	0.07%	+0.07
IYE iShares U.S. Energy ETF	New	0.07%	+0.07
XLC SS Comm Select Sector SPDR	New	0.07%	+0.07
VZ Verizon Communications Inc.	New	0.07%	+0.07
PCOR Procore Technologies Inc.	New	0.07%	+0.07
RCL Royal Caribbean Cruises Ltd.	New	0.07%	+0.07
FIS Fidelity National Info Serv	New	0.07%	+0.07
BSX Boston Scientific Corp.	New	0.06%	+0.06
URI United Rentals Inc.	New	0.06%	+0.06
DE Deere & Co.	New	0.06%	+0.06
ROL Rollins Inc.	New	0.06%	+0.06
XBI SS SPDR S&P Biotech ETF	New	0.06%	+0.06
SMCI Super Micro Computer Inc.	New	0.06%	+0.06
PHM Pultegroup Inc.	New	0.06%	+0.06
HUBS HubSpot Inc.	New	0.06%	+0.06
IVE iShares S&P 500 Value ETF	Add +44.0%	0.59%	+0.06
TJX TJX Companies Inc.	New	0.06%	+0.06
T AT&T Inc.	New	0.06%	+0.06
XLF SS Financial Select Sector	Add +68.4%	0.21%	+0.05
NU Nu Holdings Ltd./Cayman Isl-A	New	0.05%	+0.05
IBM Intl Business Machines Corp.	Add +27.1%	0.34%	+0.03
GE General Electric	Add +36.2%	0.15%	+0.03
SLV iShares Silver Trust	Add +57.4%	0.08%	+0.02
IEMG iShares Core MSCI Emerging	Add +27.6%	1.36%	+0.02
PYPL PayPal Holdings Inc.	Add +103.3%	0.12%	+0.02
MCK McKesson Corp.	Add +22.9%	0.17%	+0.02

Options Activity Q4 2024 → Q1 2025


EXE Expand Energy Corp.	call	Sold out	2,400	$239Kbefore exit
BITX 2X Bitcoin ETF	call	Sold out	4,300	$223Kbefore exit
GILD Gilead Sciences Inc.	call	Sold out	1,500	$139Kbefore exit
INTC Intel Corp.	call	New	14,900	$99K
ENB Enbridge Inc.	call	Sold out	1,200	$51Kbefore exit
EQT Eqt Corp.	call	Sold out	900	$41Kbefore exit
CRSP Crispr Therapeutics AG	call	Sold out	600	$24Kbefore exit
VRT Vertiv Holdings Co. Class A	call	Sold out	200	$23Kbefore exit
ROKU Roku Inc.	call	Sold out	300	$22Kbefore exit
PYPL PayPal Holdings Inc.	call	Reduce -35.7%	2,700	$20K
TTD Trade Desk Inc./the Class A	call	New	1,800	$19K
GOOG Alphabet Inc. Class C	call	Add +100.0%	1,200	$19K
XYZ Block Inc.	call	Sold out	200	$17Kbefore exit
PLTR Palantir Technologies Inc. Class A	put	Sold out	200	$15Kbefore exit
PFE Pfizer Inc.	call	New	3,600	$8K
SLV iShares Silver Trust	call	Reduce -57.1%	4,500	$7K
BABA Alibaba Group Holding-SP ADR	call	Add +25.0%	1,500	$6K
GLD SPDR Gold Shares	call	New	600	$5K
CRM Salesforce Inc.	call	New	200	$5K
DELL Dell Technologies -C	call	New	300	$4K
UBER Uber Technologies Inc.	call	New	600	$2K
PCAR Paccar Inc.	put	New	300	$2K
AMZN Amazon.com Inc.	call	New	200	$2K
CMCSA Comcast Corp. Class A	call	New	1,200	$2K
PLTR Palantir Technologies Inc. Class A	call	New	200	$2K
NVDA Nvidia Corp.	call	New	300	$1K
CEG Constellation Energy	call	New	100	$1K
IWM iShares Russell 2000 ETF	call	New	600	$924
ACHR Archer Aviation Inc. Class A	call	New	300	$756
RXRX Recursion Pharmaceuticals-A	call	Reduce -50.0%	600	$600
AMD Advanced Micro Devices	call	Add +100.0%	600	$582
WFC Wells Fargo & Co.	call	New	300	$579
NU Nu Holdings Ltd./Cayman Isl-A	call	New	600	$306
RBLX Roblox Corp. Class A	call	New	900	$252
PEP Pepsico Inc.	call	New	1,200	$36
PYPL PayPal Holdings Inc.	put	New	600	$0
XLE SS Energy Select Sector	put	New	600	$0

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	430	$531.7M	AAPL, JMST, IQLT, NVDA, MSFT
Q1 2026	279	$316.4M	AAPL, IQLT, JMST, MSFT, ASST
Q4 2025	424	$539.1M	JMST, AAPL, JAAA, SMLR, MSFT
Q3 2025	365	$510.1M	JMST, SMLR, AAPL, JAAA, MSFT
Q2 2025Amended	280	$432.9M	SMLR, JMST, JAAA, AAPL, IQLT
Q1 2025	269	$356.8M	SMLR, AAPL, JMST, IQLT, MSFT
Q4 2024	247	$275.5M	IQLT, AAPL, JMST, VTV, MSFT
Q3 2024	260	$281.3M	IQLT, AAPL, MSFT, VTV, IVV
Q2 2024	264	$271.9M	IQLT, AAPL, MSFT, JPST, VTV
Q1 2024	167	$148.3M	IQLT, VTV, IVV, IEFA, VLUE