KM Capital Management Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), KM Capital Management Ltd. reported 54 stock positions worth $185.6 million. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 18.5% of the portfolio, followed by iShares Core S&P Total U.S. (ITOT, 16.0%) and iShares Russell Top 200 ETF (IWL, 7.4%). Compared with Q4 2024, it opened 15 new positions, sold out of 6, added to 14 and reduced 24. The biggest buy was a new position in iShares U.S. Thematic Rotati (THRO) and the biggest sale iShares MSCI Emr MRK Ex Chna (EMXC, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001963514
- Portfolio Value
- $185.6M (Q1 2025)
- SEC Filing
- 0001874761-25-000004 ↗ filed May 2, 2025
Holdings Value
Holdings 54 stocks · $185.6M
| DFUS Dimensional US Eq MKT ETF | 18.51% | 567,842 | $34.3M | Reduce -7.1% |
| ITOT iShares Core S&P Total U.S. | 15.97% | 242,961 | $29.6M | Reduce -7.4% |
| IWL iShares Russell Top 200 ETF | 7.41% | 100,029 | $13.7M | Reduce -2.7% |
| DFIV Dimensional International Va | 6.56% | 309,415 | $12.2M | Add +5.9% |
| QQQ Invesco QQQ Trust Series 1 | 4.84% | 19,152 | $9.0M | Reduce -15.8% |
| OEF iShares S&P 100 ETF | 3.26% | 22,345 | $6.1M | Reduce -2.6% |
| THRO iShares U.S. Thematic Rotati | 2.97% | 173,837 | $5.5M | New |
| IEV iShares Europe ETF | 2.79% | 89,065 | $5.2M | Reduce -8.6% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 2.64% | 100,336 | $4.9M | Add +33.0% |
| EFG iShares MSCI Eafe Growth ETF | 2.62% | 48,683 | $4.9M | Reduce -31.4% |
| QUAL iShares MSCI USA Quality Fac | 2.59% | 28,135 | $4.8M | Reduce -8.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.32% | 78,139 | $4.3M | Reduce -61.1% |
| HIMU iShares High Yild Muni A ETF | 1.94% | 72,633 | $3.6M | New |
| TLT iShares 20+ Year Treasury BD | 1.86% | 38,017 | $3.5M | Add +68.8% |
| IAU iShares Gold Trust | 1.77% | 55,782 | $3.3M | New |
| ONEQ Fidelity Nasdaq Comp Indx | 1.73% | 47,250 | $3.2M | Reduce -12.7% |
| LRGF iShares US Equity Factor ETF | 1.64% | 52,627 | $3.0M | Add +4.7% |
| IYR iShares US Real Estate ETF | 1.56% | 30,304 | $2.9M | Add +9.6% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.45% | 98,871 | $2.7M | Reduce -42.7% |
| DFAC Dimensional US Core Equity 2 | 1.13% | 63,739 | $2.1M | Reduce -4.4% |
| MEAR Ishrs Short Mat Muni Act ETF | 1.13% | 41,717 | $2.1M | Add +152.7% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.12% | 40,770 | $2.1M | Reduce -44.0% |
| IBIT iShares Bitcoin Trust ETF | 1.05% | 41,811 | $2.0M | New |
| IWB iShares Russell 1000 ETF | 0.93% | 5,646 | $1.7M | Add +18.5% |
| USMV iShares MSCI USA Min Vol Fac | 0.80% | 15,774 | $1.5M | New |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.76% | 39,247 | $1.4M | No change |
| DMAX iShares LG Cap Max Buff Dec | 0.74% | 55,025 | $1.4M | New |
| IETC iShares U.S. Tech Independen | 0.72% | 17,751 | $1.3M | Add +37.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.63% | 14,632 | $1.2M | Reduce -3.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.56% | 4,065 | $1.0M | Add +129.7% |
| DFAX Dimensional World Ex US Core | 0.56% | 39,630 | $1.0M | Add +1.3% |
| IEMG iShares Core MSCI Emerging | 0.50% | 17,268 | $932K | New |
| ICSH iShares Ultra Short Duration | 0.48% | 17,525 | $889K | Reduce -13.9% |
| DFGR Dim Global Real Estate ETF | 0.42% | 29,722 | $781K | Reduce -36.7% |
| DFAS Dimensional US Small Cap ETF | 0.36% | 11,337 | $677K | Reduce -20.4% |
| IVV iShares Core S&P 500 ETF | 0.35% | 1,145 | $643K | New |
| FNDB Schwab Fndmntl US BRD Mr ETF | 0.30% | 24,164 | $556K | Reduce -6.9% |
| CMF iShares California Muni Bond | 0.27% | 8,852 | $498K | Add +53.8% |
| SCHG Schwab US Large-Cap Growth | 0.24% | 18,114 | $454K | New |
| IVVB iShares Large Cap Deep Quart | 0.23% | 14,800 | $434K | New |
| SUB iShares Short-Term National | 0.21% | 3,610 | $381K | Reduce -85.3% |
| JQUA JPMorgan US Quality Factor | 0.19% | 6,392 | $361K | New |
| IXUS iShares Core Intl Stock ETF | 0.18% | 4,877 | $340K | Reduce -27.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.18% | 6,605 | $337K | Add +30.3% |
| SPHQ Invesco S&P 500 Quality ETF | 0.17% | 4,886 | $324K | Add +8.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.17% | 3,853 | $319K | Reduce -45.3% |
| AVUV Avantis US Small Cap Value | 0.17% | 3,616 | $315K | New |
| VCSH Vanguard S/T Corp. Bond ETF | 0.16% | 3,846 | $304K | Add +0.5% |
| EEM iShares MSCI Emerging Market | 0.16% | 6,671 | $292K | Reduce -58.2% |
| DFAI Dimensional International Co. | 0.15% | 8,700 | $272K | New |
| DFUV Dimensional US Marketwide Va | 0.14% | 6,248 | $257K | Reduce -20.4% |
| TCAF T Rowe PRC Cap Appreciation | 0.13% | 7,560 | $244K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.12% | 826 | $227K | Reduce -26.8% |
| VONV Vanguard Russell 1000 Value | 0.11% | 2,555 | $211K | New |
Portfolio Sells Q4 2024 → Q1 2025
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -61.1% | 2.32% | −3.45 |
| DFUS Dimensional US Eq MKT ETF | Reduce -7.1% | 18.51% | −1.67 |
| IYE iShares U.S. Energy ETF | Sold out | 0.00% | −1.56 |
| ITOT iShares Core S&P Total U.S. | Reduce -7.4% | 15.97% | −1.49 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -15.8% | 4.84% | −1.18 |
| SUB iShares Short-Term National | Reduce -85.3% | 0.21% | −1.14 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -31.4% | 2.62% | −0.93 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -42.7% | 1.45% | −0.89 |
| JMST JPM Ultra-Short Muni Income | Reduce -44.0% | 1.12% | −0.79 |
| IXC iShares Global Energy ETF | Sold out | 0.00% | −0.45 |
| ONEQ Fidelity Nasdaq Comp Indx | Reduce -12.7% | 1.73% | −0.40 |
| IWL iShares Russell Top 200 ETF | Reduce -2.7% | 7.41% | −0.30 |
| QUAL iShares MSCI USA Quality Fac | Reduce -8.5% | 2.59% | −0.24 |
| DFGR Dim Global Real Estate ETF | Reduce -36.7% | 0.42% | −0.20 |
| EEM iShares MSCI Emerging Market | Reduce -58.2% | 0.16% | −0.19 |
| OEF iShares S&P 100 ETF | Reduce -2.6% | 3.26% | −0.17 |
| DFCF Dimensional Core Fixed Inc. | Sold out | 0.00% | −0.16 |
| DFAT Dimensional US Target Value | Sold out | 0.00% | −0.15 |
| BINC iShares Flex I A ETF-Usd Inc. | Sold out | 0.00% | −0.13 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -45.3% | 0.17% | −0.13 |
| DFAS Dimensional US Small Cap ETF | Reduce -20.4% | 0.36% | −0.11 |
| IQDG Wisdomtree Intl QLTY DVD GRW | Sold out | 0.00% | −0.11 |
| DFAC Dimensional US Core Equity 2 | Reduce -4.4% | 1.13% | −0.06 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -3.0% | 0.63% | −0.05 |
| ICSH iShares Ultra Short Duration | Reduce -13.9% | 0.48% | −0.05 |
| IXUS iShares Core Intl Stock ETF | Reduce -27.7% | 0.18% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -26.8% | 0.12% | −0.05 |
| DFUV Dimensional US Marketwide Va | Reduce -20.4% | 0.14% | −0.03 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Reduce -6.9% | 0.30% | −0.01 |
| IEV iShares Europe ETF | Reduce -8.6% | 2.79% | +0.17 |
Portfolio Buys Q4 2024 → Q1 2025
| THRO iShares U.S. Thematic Rotati | New | 2.97% | +2.97 |
| HIMU iShares High Yild Muni A ETF | New | 1.94% | +1.94 |
| IAU iShares Gold Trust | New | 1.77% | +1.77 |
| DFIV Dimensional International Va | Add +5.9% | 6.56% | +1.20 |
| IBIT iShares Bitcoin Trust ETF | New | 1.05% | +1.05 |
| TLT iShares 20+ Year Treasury BD | Add +68.8% | 1.86% | +0.85 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.80% | +0.80 |
| DMAX iShares LG Cap Max Buff Dec | New | 0.74% | +0.74 |
| MEAR Ishrs Short Mat Muni Act ETF | Add +152.7% | 1.13% | +0.70 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +33.0% | 2.64% | +0.64 |
| IEMG iShares Core MSCI Emerging | New | 0.50% | +0.50 |
| IVV iShares Core S&P 500 ETF | New | 0.35% | +0.35 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +129.7% | 0.56% | +0.32 |
| SCHG Schwab US Large-Cap Growth | New | 0.24% | +0.24 |
| IVVB iShares Large Cap Deep Quart | New | 0.23% | +0.23 |
| IYR iShares US Real Estate ETF | Add +9.6% | 1.56% | +0.23 |
| JQUA JPMorgan US Quality Factor | New | 0.19% | +0.19 |
| AVUV Avantis US Small Cap Value | New | 0.17% | +0.17 |
| DFAI Dimensional International Co. | New | 0.15% | +0.15 |
| IETC iShares U.S. Tech Independen | Add +37.3% | 0.72% | +0.15 |
| IWB iShares Russell 1000 ETF | Add +18.5% | 0.93% | +0.14 |
| TCAF T Rowe PRC Cap Appreciation | New | 0.13% | +0.13 |
| VONV Vanguard Russell 1000 Value | New | 0.11% | +0.11 |
| CMF iShares California Muni Bond | Add +53.8% | 0.27% | +0.10 |
| LRGF iShares US Equity Factor ETF | Add +4.7% | 1.64% | +0.07 |
| DFAX Dimensional World Ex US Core | Add +1.3% | 0.56% | +0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +30.3% | 0.18% | +0.05 |
| SPHQ Invesco S&P 500 Quality ETF | Add +8.2% | 0.17% | +0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +0.5% | 0.16% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 48 | $212.8M | DFUS, LMUB, ITOT, DFIV, IWL |
| Q1 2026 | 76 | $148.6M | DFUS, LMUB, DFIV, IEMG, QQQ |
| Q4 2025 | 47 | $195.7M | DFUS, ITOT, DFIV, IAU, IWL |
| Q3 2025 | 52 | $216.3M | DFUS, ITOT, IWL, DFIV, QQQ |
| Q2 2025 | 56 | $202.6M | DFUS, ITOT, IWL, DFIV, QQQ |
| Q1 2025 | 54 | $185.6M | DFUS, ITOT, IWL, DFIV, QQQ |
| Q4 2024 | 45 | $193.2M | DFUS, ITOT, IWL, QQQ, EMXC |
| Q3 2024 | 44 | $187.1M | DFUS, ITOT, IWL, EMXC, QQQ |
| Q2 2024 | 43 | $193.2M | DFUS, ITOT, IWL, EMXC, QQQ |
| Q1 2024 | 41 | $180.4M | DFUS, ITOT, IWL, DFIV, QQQ |