KM Capital Management Ltd.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), KM Capital Management Ltd. reported 52 stock positions worth $216.3 million. Its top holding was Dimensional US Eq MKT ETF (DFUS) at 18.4% of the portfolio, followed by iShares Core S&P Total U.S. (ITOT, 12.6%) and iShares Russell Top 200 ETF (IWL, 6.9%). Compared with Q2 2025, it opened 1 new position, sold out of 5, added to 14 and reduced 31. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +349%) and the biggest sale iShares Core S&P Total U.S. (ITOT, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001963514
- Portfolio Value
- $216.3M (Q3 2025)
- SEC Filing
- 0001874761-25-000016 ↗ filed Nov 14, 2025
Holdings Value
Holdings 52 stocks · $216.3M
| DFUS Dimensional US Eq MKT ETF | 18.35% | 547,979 | $39.7M | Reduce -3.5% |
| ITOT iShares Core S&P Total U.S. | 12.58% | 186,838 | $27.2M | Reduce -11.7% |
| IWL iShares Russell Top 200 ETF | 6.95% | 90,509 | $15.0M | Reduce -9.6% |
| DFIV Dimensional International Va | 6.33% | 296,820 | $13.7M | Reduce -2.4% |
| QQQ Invesco QQQ Trust Series 1 | 5.53% | 19,934 | $12.0M | Reduce -5.7% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 4.49% | 164,122 | $9.7M | Reduce -10.3% |
| IEMG iShares Core MSCI Emerging | 3.80% | 124,742 | $8.2M | Add +348.8% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 3.04% | 243,633 | $6.6M | Add +55.0% |
| LRGF iShares US Equity Factor ETF | 2.89% | 90,376 | $6.2M | Reduce -1.8% |
| OEF iShares S&P 100 ETF | 2.88% | 18,706 | $6.2M | Reduce -4.8% |
| HIMU iShares High Yild Muni A ETF | 2.79% | 122,849 | $6.0M | Add +84.9% |
| QUAL iShares MSCI USA Quality Fac | 2.78% | 30,875 | $6.0M | Reduce -4.1% |
| THRO iShares U.S. Thematic Rotati | 2.52% | 144,102 | $5.5M | Reduce -2.5% |
| IAU iShares Gold Trust | 2.05% | 60,925 | $4.4M | Add +13.4% |
| IEV iShares Europe ETF | 1.96% | 64,897 | $4.2M | Reduce -28.9% |
| ONEQ Fidelity Nasdaq Comp Indx | 1.95% | 47,250 | $4.2M | No change |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.89% | 80,006 | $4.1M | Add +25.1% |
| IWB iShares Russell 1000 ETF | 1.50% | 8,858 | $3.2M | Reduce -0.2% |
| TLT iShares 20+ Year Treasury BD | 1.18% | 28,567 | $2.6M | Add +45.5% |
| IYR iShares US Real Estate ETF | 1.12% | 24,996 | $2.4M | Reduce -18.1% |
| DFAC Dimensional US Core Equity 2 | 1.04% | 58,540 | $2.3M | Reduce -3.2% |
| IBIT iShares Bitcoin Trust ETF | 1.04% | 34,699 | $2.3M | Reduce -2.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.91% | 6,423 | $2.0M | Reduce -9.7% |
| ITA iShares U.S. Aerospace & Def | 0.90% | 9,331 | $2.0M | New |
| EFG iShares MSCI Eafe Growth ETF | 0.88% | 16,639 | $1.9M | Reduce -46.1% |
| IETC iShares U.S. Tech Independen | 0.75% | 15,822 | $1.6M | Reduce -4.4% |
| DFGR Dim Global Real Estate ETF | 0.73% | 58,188 | $1.6M | Add +46.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.68% | 14,007 | $1.5M | Add +14.6% |
| DMAX iShares LG Cap Max Buff Dec | 0.67% | 55,025 | $1.5M | No change |
| DFAX Dimensional World Ex US Core | 0.56% | 38,763 | $1.2M | Reduce -3.4% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.53% | 26,690 | $1.1M | Reduce -11.1% |
| MUB iShares National Muni Bond E | 0.53% | 10,683 | $1.1M | Add +124.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.51% | 16,283 | $1.1M | Reduce -46.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.34% | 13,429 | $743K | Add +19.7% |
| ICSH iShares Ultra Short Duration | 0.33% | 13,903 | $706K | Reduce -7.3% |
| DFAS Dimensional US Small Cap ETF | 0.28% | 8,909 | $610K | Reduce -12.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.27% | 6,110 | $581K | Reduce -41.2% |
| IVV iShares Core S&P 500 ETF | 0.24% | 783 | $524K | Reduce -10.1% |
| CMF iShares California Muni Bond | 0.24% | 8,988 | $513K | Add +0.8% |
| IVVB iShares Large Cap Deep Quart | 0.22% | 14,800 | $484K | No change |
| MEAR Ishrs Short Mat Muni Act ETF | 0.22% | 9,516 | $481K | Reduce -24.0% |
| EMGF iShares Emerging Markets Equ | 0.17% | 6,426 | $364K | Reduce -29.6% |
| GOVT iShares US Treasury Bond ETF | 0.16% | 15,373 | $355K | No change |
| AVUV Avantis US Small Cap Value | 0.15% | 3,355 | $334K | No change |
| DFAI Dimensional International Co. | 0.15% | 8,913 | $324K | Reduce -11.0% |
| SPHQ Invesco S&P 500 Quality ETF | 0.14% | 4,261 | $312K | Reduce -13.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.14% | 3,903 | $312K | Add +0.8% |
| SPEM State Street SP PTF Em ETF | 0.14% | 6,612 | $310K | Add +27.0% |
| IYW iShares Ustechnology ETF | 0.13% | 1,465 | $287K | Reduce -11.8% |
| TCAF T Rowe PRC Cap Appreciation | 0.13% | 7,560 | $285K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.11% | 736 | $242K | Add +0.1% |
| IXUS iShares Core Intl Stock ETF | 0.10% | 2,725 | $225K | Reduce -42.7% |
Portfolio Sells Q2 2025 → Q3 2025
| ITOT iShares Core S&P Total U.S. | Reduce -11.7% | 12.58% | −1.52 |
| IEV iShares Europe ETF | Reduce -28.9% | 1.96% | −0.89 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -46.1% | 0.88% | −0.83 |
| IWL iShares Russell Top 200 ETF | Reduce -9.6% | 6.95% | −0.61 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -46.7% | 0.51% | −0.44 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -10.3% | 4.49% | −0.43 |
| DFUS Dimensional US Eq MKT ETF | Reduce -3.5% | 18.35% | −0.42 |
| IYR iShares US Real Estate ETF | Reduce -18.1% | 1.12% | −0.31 |
| FNDB Schwab Fndmntl US BRD Mr ETF | Sold out | 0.00% | −0.23 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.7% | 5.53% | −0.22 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -41.2% | 0.27% | −0.21 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.20 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.15 |
| DFUV Dimensional US Marketwide Va | Sold out | 0.00% | −0.13 |
| QUAL iShares MSCI USA Quality Fac | Reduce -4.1% | 2.78% | −0.13 |
| EFV iShares MSCI Eafe Value ETF | Sold out | 0.00% | −0.13 |
| DFIV Dimensional International Va | Reduce -2.4% | 6.33% | −0.10 |
| MEAR Ishrs Short Mat Muni Act ETF | Reduce -24.0% | 0.22% | −0.09 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -9.7% | 0.91% | −0.09 |
| IXUS iShares Core Intl Stock ETF | Reduce -42.7% | 0.10% | −0.08 |
| OEF iShares S&P 100 ETF | Reduce -4.8% | 2.88% | −0.07 |
| THRO iShares U.S. Thematic Rotati | Reduce -2.5% | 2.52% | −0.07 |
| EMGF iShares Emerging Markets Equ | Reduce -29.6% | 0.17% | −0.07 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -11.1% | 0.53% | −0.06 |
| ICSH iShares Ultra Short Duration | Reduce -7.3% | 0.33% | −0.05 |
| DFAS Dimensional US Small Cap ETF | Reduce -12.1% | 0.28% | −0.04 |
| IBIT iShares Bitcoin Trust ETF | Reduce -2.6% | 1.04% | −0.03 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -13.6% | 0.14% | −0.03 |
| DFAC Dimensional US Core Equity 2 | Reduce -3.2% | 1.04% | −0.03 |
| LRGF iShares US Equity Factor ETF | Reduce -1.8% | 2.89% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -10.1% | 0.24% | −0.02 |
| IETC iShares U.S. Tech Independen | Reduce -4.4% | 0.75% | −0.02 |
| DFAI Dimensional International Co. | Reduce -11.0% | 0.15% | −0.02 |
| DFAX Dimensional World Ex US Core | Reduce -3.4% | 0.56% | −0.02 |
| IYW iShares Ustechnology ETF | Reduce -11.8% | 0.13% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -0.2% | 1.50% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| IEMG iShares Core MSCI Emerging | Add +348.8% | 3.80% | +2.98 |
| HIMU iShares High Yild Muni A ETF | Add +84.9% | 2.79% | +1.20 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +55.0% | 3.04% | +0.97 |
| ITA iShares U.S. Aerospace & Def | New | 0.90% | +0.90 |
| IAU iShares Gold Trust | Add +13.4% | 2.05% | +0.40 |
| TLT iShares 20+ Year Treasury BD | Add +45.5% | 1.18% | +0.33 |
| JMST JPM Ultra-Short Muni Income | Add +25.1% | 1.89% | +0.28 |
| MUB iShares National Muni Bond E | Add +124.3% | 0.53% | +0.28 |
| DFGR Dim Global Real Estate ETF | Add +46.6% | 0.73% | +0.21 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +14.6% | 0.68% | +0.10 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +19.7% | 0.34% | +0.05 |
| SPEM State Street SP PTF Em ETF | Add +27.0% | 0.14% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.11% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +0.8% | 0.14% | −0.01 |
| CMF iShares California Muni Bond | Add +0.8% | 0.24% | −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 |