KKM Financial LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), KKM Financial LLC reported 170 stock positions worth $563.3 million. Its top holding was Liberty Media Class A (FWONA) at 3.3% of the portfolio, followed by Micron Technology (MU, 3.1%) and Nvidia (NVDA, 2.9%). Compared with Q3 2025, it opened 35 new positions, sold out of 4, added to 79 and reduced 33. The biggest buy was a new position in Liberty Media Class A (FWONA) and the biggest sale Meta Platforms Class A (META, shares −42%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0002001943
Portfolio Value
$563.3M (Q4 2025)
SEC Filing
0002001943-26-000001 ↗ filed Feb 18, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $205.1M Q1 2024 Q2 2024: $210.9M Q2 2024 Q3 2024: $202.1M Q3 2024 Q4 2024: $239.9M Q4 2024 Q1 2025: $236.5M Q1 2025 Q2 2025: $287.6M Q2 2025 Q3 2025: $318.0M Q3 2025 Q4 2025: $563.3M $563.3M Q4 2025 Q1 2026: $563.2M Q1 2026 Q2 2026: $729.9M Q2 2026

Holdings 170 stocks · $563.3M
FWONA Liberty Media Corp. Class A 3.29% 207,502 $18.5M New
MU Micron Technology Inc. 3.06% 60,372 $17.2M New
NVDA Nvidia Corp. 2.94% 88,650 $16.5M Add +646.8%
LLY Eli Lilly & Co. 2.66% 13,941 $15.0M Add +190.1%
AMD Advanced Micro Devices 2.52% 66,353 $14.2M Add +4722.2%
LRCX Lam Research Corp. 2.28% 75,048 $12.8M New
AAPL Apple Inc. 2.22% 46,017 $12.5M Add +0.4%
ASML ASML Holding NV-NY Reg SHS 2.02% 10,626 $11.4M New
CMCSA Comcast Corp. Class A 1.92% 361,694 $10.8M Add +244.9%
HD Home Depot Inc. 1.84% 30,044 $10.3M Add +150.9%
ESN Essential 40 Stock ETF 1.81% 592,732 $10.2M Add +0.3%
PANW Palo Alto Networks Inc. 1.77% 54,246 $10.0M Add +80.8%
AMAT Applied Materials Inc. 1.70% 37,276 $9.6M New
MSFT Microsoft Corp. 1.55% 18,023 $8.7M Add +8.7%
TSM Taiwan Semiconductor-SP ADR 1.53% 28,336 $8.6M New
INTC Intel Corp. 1.48% 225,358 $8.3M Add +20.3%
GOOGL Alphabet Inc. Class A 1.45% 26,022 $8.1M Add +15.3%
AWK American Water Works Co. Inc. 1.42% 61,272 $8.0M Add +101.9%
JPM JPMorgan Chase & Co. 1.36% 23,826 $7.7M Add +13.8%
JNJ Johnson & Johnson 1.29% 35,124 $7.3M Add +15.0%
HCA HCA Healthcare Inc. 1.29% 15,506 $7.2M New
ORCL Oracle Corp. 1.25% 36,269 $7.1M Add +20.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.23% 23,396 $6.9M Add +17.1%
META Meta Platforms Inc. Class A 1.20% 10,261 $6.8M Reduce -42.0%
BRK.B Berkshire Hathaway Inc. Class B 1.20% 13,449 $6.8M Add +12.7%
CVS CVS Health Corp. 1.18% 84,056 $6.7M Add +19.6%
SPY SS SPDR S&P 500 ETF Trust-US 1.14% 9,409 $6.4M Reduce -0.9%
AMZN Amazon.com Inc. 1.12% 27,276 $6.3M Add +13.7%
FWONK Liberty Media Corp. Class C 1.09% 62,489 $6.2M New
KLAC KLA Corp. 1.09% 5,043 $6.1M New
F Ford Motor Co. filed as FORD MTR CO 1.06% 457,217 $6.0M Add +19.3%
V Visa Inc. Class A 1.04% 16,633 $5.8M Add +16.0%
CB Chubb Ltd. 1.03% 18,638 $5.8M Add +16.9%
LBRDK Liberty Broadband-C 1.03% 119,601 $5.8M New
BA The Boeing Co. 1.03% 26,669 $5.8M Add +17.7%
CME Cme Group Inc. 1.01% 20,822 $5.7M Add +17.3%
FCX Freeport-McMoran Inc. 1.00% 110,764 $5.6M Add +19.5%
NTR Nutrien Ltd. 0.99% 90,464 $5.6M Add +17.3%
IGM iShares Expanded Tech Sector 0.99% 42,967 $5.5M Reduce -6.7%
XOM Exxon Mobil Corp. 0.97% 45,585 $5.5M Add +16.4%
MMM 3M Co. 0.97% 34,146 $5.5M Add +19.6%
WM Waste Management Inc. 0.97% 24,838 $5.5M Add +16.1%
DAL Delta Air Lines Inc. 0.95% 76,712 $5.3M Add +16.3%
DUK Duke Energy Corp. 0.93% 44,627 $5.2M Add +17.8%
FDX FedEx Corp. 0.92% 18,020 $5.2M Add +15.7%
COST Costco Wholesale Corp. 0.90% 5,882 $5.1M Add +15.0%
MPC Marathon Petroleum Corp. 0.90% 31,003 $5.0M Add +18.3%
LMT Lockheed Martin Corp. 0.86% 9,972 $4.8M Add +15.2%
XLK SS Technology Select Sector 0.86% 33,472 $4.8M Reduce -4.0%
EQIX Equinix Inc. 0.84% 6,205 $4.8M New
SYY Sysco Corp. 0.84% 64,166 $4.7M Add +15.8%
VZ Verizon Communications Inc. 0.84% 115,735 $4.7M Add +14.6%
EPD Enterprise Products Partners 0.83% 146,480 $4.7M Add +17.2%
IGV iShares Expanded Tech-Softwa 0.83% 44,307 $4.7M Reduce -5.2%
IVV iShares Core S&P 500 ETF 0.82% 6,726 $4.6M Add +714.3%
QQQ Invesco QQQ Trust Series 1 0.82% 7,496 $4.6M Add +733.8%
SOXX iShares Semiconductor ETF 0.82% 15,278 $4.6M Add +30.8%
ADP Automatic Data Processing 0.80% 17,470 $4.5M Add +14.9%
GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC 0.79% 120,248 $4.5M New
MAS Masco Corp. 0.75% 66,615 $4.2M Add +14.6%
AVGO Broadcom Inc. 0.75% 12,159 $4.2M New
WDIV St STR SPD S&P Glo Div-US Inc. 0.74% 55,145 $4.2M New
IYF iShares US Financials ETF 0.74% 32,159 $4.1M Add +0.4%
JPIN JPM Diversified Ret Intl Eq filed as J P MORGAN EXCHANGE TRADED F 0.73% 60,634 $4.1M New
SCHD Schwab US DVD Equity ETF 0.73% 150,096 $4.1M New
PFE Pfizer Inc. 0.73% 165,300 $4.1M Add +10.2%
LIN Linde PLC 0.64% 8,508 $3.6M New
NEAR iShares SH Dba ETF Usd Inc. 0.64% 70,644 $3.6M Add +8.9%
UNH Unitedhealth Group Inc. 0.59% 10,069 $3.3M Reduce -1.8%
XLI SS Industrial Select Sector 0.59% 21,290 $3.3M Reduce -15.8%
NXPI NXP Semiconductors NV 0.56% 14,643 $3.2M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.54% 55,342 $3.0M Add +1030.6%
TRV The Travelers Cos Inc. 0.52% 10,099 $2.9M New
IWR iShares Russell Mid-Cap ETF 0.51% 29,651 $2.9M No change
HWM Howmet Aerospace Inc. 0.49% 13,465 $2.8M New
IYW iShares Ustechnology ETF 0.48% 13,505 $2.7M Reduce -4.8%
IWM iShares Russell 2000 ETF 0.39% 9,033 $2.2M Add +1.4%
SYK Stryker Corp. 0.37% 5,916 $2.1M Add +578.4%
GOOG Alphabet Inc. Class C 0.36% 6,546 $2.1M Reduce -10.1%
IYJ iShares U.S. Industrials ETF 0.36% 13,726 $2.0M Add +0.4%
XLC SS Comm Select Sector SPDR 0.35% 16,671 $2.0M Add +38.2%
TSLA Tesla Inc. 0.31% 3,845 $1.7M Reduce -0.1%
LLYVK Liberty Media Corp.-Liberty-C 0.26% 17,598 $1.5M New
CAT Caterpillar Inc. 0.23% 2,297 $1.3M Reduce -5.2%
DBJP Xtrackers MSCI Japan Hedged 0.22% 13,187 $1.2M Add +0.6%
SPIB SS SPDR P Int C Corp. ETF 0.22% 36,547 $1.2M Add +7.8%
LLYVA Liberty Media Corp.-Liberty-A 0.21% 14,451 $1.2M New
FTSM First Trust Enh Short Mat FD 0.21% 19,319 $1.2M Add +14.7%
WMT Walmart Inc. 0.20% 10,169 $1.1M Reduce -2.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.20% 26,030 $1.1M Add +81.5%
IYC iShares US Consumer Discreti 0.19% 10,534 $1.1M Add +19.7%
DBEZ Xtrackers MSCI Eurozone Hedg 0.19% 19,263 $1.1M Add +0.6%
DBEF Xtrackers MSCI Eafe Hedged E 0.16% 19,301 $929K Add +0.7%
IBB iShares Biotechnology ETF 0.16% 5,456 $921K New
DHR Danaher Corp. 0.16% 4,003 $916K No change
IYE iShares U.S. Energy ETF 0.16% 19,268 $916K No change
IYZ iShares US Telecommunication 0.16% 26,171 $887K Add +4.0%
GOVT iShares US Treasury Bond ETF 0.16% 37,970 $874K Add +3.7%
BATRK Atlanta Braves Holdings in-C 0.15% 21,531 $849K New
IYT iShares US Transportation Et 0.15% 11,260 $839K Reduce -31.9%

Show all 170 holdings

Portfolio Sells Q3 2025 → Q4 2025
META Meta Platforms Inc. Class A Reduce -42.0% 1.20% −2.88
IGV iShares Expanded Tech-Softwa Reduce -5.2% 0.83% −0.86
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.9% 1.14% −0.85
IGM iShares Expanded Tech Sector Reduce -6.7% 0.99% −0.84
XLK SS Technology Select Sector Reduce -4.0% 0.86% −0.69
XLI SS Industrial Select Sector Reduce -15.8% 0.59% −0.64
UNH Unitedhealth Group Inc. Reduce -1.8% 0.59% −0.52
IYW iShares Ustechnology ETF Reduce -4.8% 0.48% −0.40
TSLA Tesla Inc. Reduce -0.1% 0.31% −0.23
IYK iShares US Consumer Staples Sold out 0.00% −0.23
IYT iShares US Transportation Et Reduce -31.9% 0.15% −0.22
IAK iShares U.S. Insurance ETF Reduce -53.2% 0.08% −0.21
SMCI Super Micro Computer Inc. Sold out 0.00% −0.20
GOOG Alphabet Inc. Class C Reduce -10.1% 0.36% −0.19
ISPY Proshares S&P High Incom ETF Reduce -43.7% 0.08% −0.17
WMT Walmart Inc. Reduce -2.8% 0.20% −0.14
ITB iShares U.S. Home Constructi Reduce -23.6% 0.09% −0.14
CAT Caterpillar Inc. Reduce -5.2% 0.23% −0.13
FXO First Trust Financial Alphad Reduce -11.4% 0.12% −0.12
ITA iShares U.S. Aerospace & Def Reduce -5.2% 0.14% −0.11
BABA Alibaba Group Holding-SP ADR Reduce -5.0% 0.07% −0.09
JEPI JPMorgan Equity Premium Inco Reduce -10.2% 0.10% −0.09
HYHG Proshares High Yield Interes Reduce -37.6% 0.05% −0.09
PM Philip Morris International Sold out 0.00% −0.09
IGHG Proshares Ig Hedged Reduce -29.4% 0.06% −0.09
AXP American Express Co. Reduce -0.1% 0.13% −0.08
AVDE Avantis International Equity Reduce -5.0% 0.10% −0.08
KO The Coca-Cola Co. Reduce -18.8% 0.06% −0.07
CSCO Cisco Systems Inc. Reduce -0.9% 0.11% −0.06
AZO AutoZone Inc. Sold out 0.00% −0.06
EWI iShares MSCI Italy ETF Reduce -0.3% 0.09% −0.06
IYY iShares Dow Jones U.S. ETF Reduce -17.4% 0.06% −0.06
IGLB iShares 10+ Year Inv GR Corp. Reduce -2.7% 0.06% −0.06
PKB Invesco Building & Construct Reduce -5.0% 0.06% −0.06
PHO Invesco Water Resources ETF Reduce -18.6% 0.04% −0.05
FEMB First Trust Emerging Markets Reduce -0.3% 0.06% −0.05
PTF Invesco Dorsey Wright Tech Reduce -3.6% 0.05% −0.04

Portfolio Buys Q3 2025 → Q4 2025
FWONA Liberty Media Corp. Class A New 3.29% +3.29
MU Micron Technology Inc. New 3.06% +3.06
AMD Advanced Micro Devices Add +4722.2% 2.52% +2.45
LRCX Lam Research Corp. New 2.28% +2.28
NVDA Nvidia Corp. Add +646.8% 2.94% +2.24
ASML ASML Holding NV-NY Reg SHS New 2.02% +2.02
AMAT Applied Materials Inc. New 1.70% +1.70
TSM Taiwan Semiconductor-SP ADR New 1.53% +1.53
LLY Eli Lilly & Co. Add +190.1% 2.66% +1.51
HCA HCA Healthcare Inc. New 1.29% +1.29
FWONK Liberty Media Corp. Class C New 1.09% +1.09
KLAC KLA Corp. New 1.09% +1.09
LBRDK Liberty Broadband-C New 1.03% +1.03
CMCSA Comcast Corp. Class A Add +244.9% 1.92% +0.88
EQIX Equinix Inc. New 0.84% +0.84
GLIBK Liberty Capital Corp. Class C New 0.79% +0.79
AVGO Broadcom Inc. New 0.75% +0.75
WDIV St STR SPD S&P Glo Div-US Inc. New 0.74% +0.74
JPIN JPM Diversified Ret Intl Eq New 0.73% +0.73
SCHD Schwab US DVD Equity ETF New 0.73% +0.73
QQQ Invesco QQQ Trust Series 1 Add +733.8% 0.82% +0.65
IVV iShares Core S&P 500 ETF Add +714.3% 0.82% +0.64
LIN Linde PLC New 0.64% +0.64
NXPI NXP Semiconductors NV New 0.56% +0.56
TRV The Travelers Cos Inc. New 0.52% +0.52
HWM Howmet Aerospace Inc. New 0.49% +0.49
BAC Bank of America Corp. Add +1030.6% 0.54% +0.46
HD Home Depot Inc. Add +150.9% 1.84% +0.31
SYK Stryker Corp. Add +578.4% 0.37% +0.27
LLYVK Liberty Media Corp.-Liberty-C New 0.26% +0.26
LLYVA Liberty Media Corp.-Liberty-A New 0.21% +0.21
IBB iShares Biotechnology ETF New 0.16% +0.16
BATRK Atlanta Braves Holdings in-C New 0.15% +0.15
AWK American Water Works Co. Inc. Add +101.9% 1.42% +0.09
MGM MGM Resorts International New 0.08% +0.08
CTVA Corteva Inc. New 0.08% +0.08
TIDAL TRUST II New 0.07% +0.07
IYG iShares U.S. Financial Servi New 0.07% +0.07
FTHI Fthi/First Trust Exchange-TR New 0.06% +0.06
LGOV First TR Long Duration O-ETF New 0.06% +0.06
WAB Wabtec Corp. New 0.04% +0.04
HYLS FT Tactical High Yield ETF New 0.04% +0.04
IAI iShares U.S. Broker-Dealers New 0.04% +0.04
SMH Vaneck Semiconductor ETF New 0.04% +0.04
SYF Synchrony Financial New 0.04% +0.04
SLV iShares Silver Trust Add +54.5% 0.09% +0.02
XLU St Sr Utl SL SE SPDR ETF-Usd Add +81.5% 0.20% +0.00
VOO Vanguard S&P 500 ETF Add +52.3% 0.08% −0.01
XLP SS Consumer Staples Sel Sect Add +39.1% 0.05% −0.01
AIRR First Trust Rba American Ind Add +40.2% 0.07% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 169$729.9MPANW, INTC, MSFT, LLY, UNH
Q1 2026 168$563.2MFWONA, MU, NVDA, LLY, AMD
Q4 2025 170$563.3MFWONA, MU, NVDA, LLY, AMD
Q3 2025 139$318.0MMETA, AAPL, ESN, MSFT, ORCL
Q2 2025 153$287.6MMETA, SPY, ESN, AAPL, MSFT
Q1 2025 148$236.5MESN, META, AAPL, SPY, MSFT
Q4 2024 150$239.9MAAPL, META, ESN, SPY, IGM
Q3 2024 141$202.1MAAPL, META, SPY, MSFT, SOXX
Q2 2024 146$210.9MAAPL, SOXX, META, SPY, MSFT
Q1 2024 144$205.1MAAPL, SOXX, SPY, MSFT, IYT