Kennicott Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Kennicott Capital Management LLC reported 42 stock positions worth $153.3 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 19.6% of the portfolio, followed by Vngrd Mrgstr LRG-Cap ETF-Usd (VV, 11.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 10.9%). Compared with Q4 2024, it opened 2 new positions, sold out of 1, added to 5 and reduced 18. The biggest buy was a new position in Invesco Nasdaq 100 ETF (QQQM) and the biggest sale Roblox Class A (RBLX, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- LARKSPUR, CA
- CIK
- 0001863265
- Portfolio Value
- $153.3M (Q1 2025)
- SEC Filing
- 0001754960-25-000205 ↗ filed Apr 17, 2025
Holdings Value
Holdings 42 stocks · $153.3M
| QQQ Invesco QQQ Trust Series 1 | 19.62% | 64,146 | $30.1M | Reduce -8.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 11.51% | 68,618 | $17.6M | Reduce -18.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 10.86% | 29,759 | $16.6M | Reduce -36.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 9.67% | 39,952 | $14.8M | Reduce -0.2% |
| XLK SS Technology Select Sector | 5.24% | 38,920 | $8.0M | Reduce -0.1% |
| QQQM Invesco Nasdaq 100 ETF | 4.15% | 32,963 | $6.4M | New |
| XLV SS Health Care Select Sector | 4.08% | 42,871 | $6.3M | Add +19.2% |
| XLF SS Financial Select Sector | 3.65% | 112,382 | $5.6M | Add +31.3% |
| XLI SS Industrial Select Sector | 3.44% | 40,197 | $5.3M | Reduce -2.5% |
| XLY SS Consumer Disc Select Sect | 2.74% | 21,281 | $4.2M | Reduce -0.4% |
| RSP Invesco S&P 500 Equal Weight | 2.10% | 18,564 | $3.2M | Add +53.4% |
| AAPL Apple Inc. | 2.06% | 14,198 | $3.2M | Reduce -3.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.82% | 16,167 | $2.8M | Reduce -20.6% |
| IVV iShares Core S&P 500 ETF | 1.81% | 4,948 | $2.8M | Reduce -68.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.80% | 10,013 | $2.8M | Reduce -22.5% |
| RSPT Invesco S&P 500 Equal Weight | 1.60% | 71,833 | $2.5M | Reduce -1.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.47% | 10,165 | $2.3M | Reduce -17.3% |
| RBLX Roblox Corp. Class A | 1.35% | 35,484 | $2.1M | Reduce -88.4% |
| XLP SS Consumer Staples Sel Sect | 1.28% | 24,061 | $2.0M | Add +43.6% |
| VFH Vanguard Financials ETF | 1.13% | 14,510 | $1.7M | No change |
| VCR Vanguard Consumer Discre ETF | 0.91% | 4,308 | $1.4M | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.77% | 4,709 | $1.2M | No change |
| DOCS Doximity Inc. Class A | 0.76% | 20,000 | $1.2M | No change |
| VIS Vanguard Industrials ETF | 0.74% | 4,572 | $1.1M | Add +240.2% |
| NVDA Nvidia Corp. | 0.69% | 9,730 | $1.1M | No change |
| IYH iShares U.S. Healthcare ETF | 0.63% | 15,740 | $958K | No change |
| IWO iShares Russell 2000 Growth | 0.43% | 2,583 | $660K | Reduce -45.1% |
| AMZN Amazon.com Inc. | 0.41% | 3,335 | $635K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.37% | 2,168 | $561K | No change |
| SRLN SS Blackstone Sr Loan ETF | 0.36% | 13,446 | $553K | No change |
| BKLN Invesco Senior Loan ETF | 0.32% | 23,653 | $490K | No change |
| BXMT Blackstone Mortgage Tru Class A | 0.32% | 24,233 | $485K | New |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.28% | 1,739 | $425K | No change |
| GOOGL Alphabet Inc. Class A | 0.26% | 2,580 | $399K | Reduce -8.5% |
| META Meta Platforms Inc. Class A | 0.25% | 669 | $386K | No change |
| IVW iShares S&P 500 Growth ETF | 0.19% | 3,124 | $290K | Reduce -77.3% |
| MSFT Microsoft Corp. | 0.19% | 756 | $284K | Reduce -19.8% |
| UBER Uber Technologies Inc. | 0.17% | 3,675 | $268K | No change |
| IWM iShares Russell 2000 ETF | 0.17% | 1,312 | $262K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.15% | 1,439 | $231K | No change |
| XLC SS Comm Select Sector SPDR | 0.13% | 2,077 | $200K | No change |
| NAD Nuveen Quality Municipal Inc. | 0.11% | 15,000 | $173K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| RBLX Roblox Corp. Class A | Reduce -88.4% | 1.35% | −7.74 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -36.9% | 10.86% | −3.35 |
| IVV iShares Core S&P 500 ETF | Reduce -68.7% | 1.81% | −2.96 |
| IVW iShares S&P 500 Growth ETF | Reduce -77.3% | 0.19% | −0.53 |
| IWO iShares Russell 2000 Growth | Reduce -45.1% | 0.43% | −0.27 |
| FXD First Trust Consumer Discret | Sold out | 0.00% | −0.15 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -22.5% | 1.80% | −0.13 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -18.0% | 11.51% | −0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -17.3% | 1.47% | −0.05 |
| MSFT Microsoft Corp. | Reduce -19.8% | 0.19% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -8.5% | 0.26% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -20.6% | 1.82% | +0.05 |
| AAPL Apple Inc. | Reduce -3.9% | 2.06% | +0.16 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -1.5% | 1.60% | +0.20 |
| XLY SS Consumer Disc Select Sect | Reduce -0.4% | 2.74% | +0.28 |
| XLK SS Technology Select Sector | Reduce -0.1% | 5.24% | +0.59 |
| XLI SS Industrial Select Sector | Reduce -2.5% | 3.44% | +0.65 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -8.8% | 19.62% | +1.13 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.2% | 9.67% | +1.22 |
Portfolio Buys Q4 2024 → Q1 2025
| QQQM Invesco Nasdaq 100 ETF | New | 4.15% | +4.15 |
| XLV SS Health Care Select Sector | Add +19.2% | 4.08% | +1.54 |
| XLF SS Financial Select Sector | Add +31.3% | 3.65% | +1.53 |
| RSP Invesco S&P 500 Equal Weight | Add +53.4% | 2.10% | +1.01 |
| XLP SS Consumer Staples Sel Sect | Add +43.6% | 1.28% | +0.61 |
| VIS Vanguard Industrials ETF | Add +240.2% | 0.74% | +0.56 |
| BXMT Blackstone Mortgage Tru Class A | New | 0.32% | +0.32 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 46 | $215.9M | QQQ, VV, VUG, SPY, SGOV |
| Q1 2026 | 46 | $183.1M | QQQ, VUG, VV, SPY, SGOV |
| Q4 2025 | 47 | $206.2M | QQQ, VUG, VV, SPY, SGOV |
| Q3 2025 | 49 | $207.2M | QQQ, VUG, VV, SGOV, SPY |
| Q2 2025 | 49 | $175.3M | QQQ, VUG, VV, SPY, XLK |
| Q1 2025 | 42 | $153.3M | QQQ, VV, SPY, VUG, XLK |
| Q4 2024 | 41 | $194.5M | QQQ, SPY, VV, RBLX, VUG |
| Q3 2024 | 44 | $260.7M | SPY, QQQ, VV, VUG, RBLX |
| Q2 2024 | 41 | $240.5M | SPY, QQQ, VV, VUG, RBLX |
| Q1 2024 | 42 | $226.1M | SPY, QQQ, VV, VUG, RBLX |