L2 Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), L2 Asset Management, LLC reported 366 stock positions worth $748.5 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 3.3% of the portfolio, followed by Nvidia (NVDA, 2.9%) and Apple (AAPL, 2.8%). Compared with Q3 2025, it opened 21 new positions, sold out of 18, added to 295 and reduced 45. The biggest buy was Dollar Tree (DLTR, shares +120%) and the biggest sale AppLovin Class A (APP, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- Wayland, MA
- CIK
- 0001686988
- Portfolio Value
- $748.5M (Q4 2025)
- SEC Filing
- 0000919574-26-000986 ↗ filed Feb 17, 2026
Holdings Value
Holdings 366 stocks · $748.5M
| SGOV iShares 0-3 Month Treasury B | 3.30% | 245,884 | $24.7M | Add +2.7% |
| NVDA Nvidia Corp. | 2.94% | 118,011 | $22.0M | Add +6.9% |
| AAPL Apple Inc. | 2.83% | 77,859 | $21.2M | Add +12.7% |
| MSFT Microsoft Corp. | 2.46% | 38,101 | $18.4M | Add +8.2% |
| SCHX Schwab US Large-Cap ETF | 2.08% | 577,272 | $15.5M | Add +47.5% |
| SCHI Schwab 5-10 Year Corporate B | 2.01% | 654,632 | $15.0M | Add +0.5% |
| MTBA Simplify MBS ETF | 1.84% | 272,554 | $13.7M | Add +2.7% |
| JAAA Janus Henderson Aaa Clo ETF | 1.74% | 257,170 | $13.0M | Add +3.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.71% | 25,428 | $12.8M | Reduce -4.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 1.68% | 249,802 | $12.6M | Add +2.3% |
| EFV iShares MSCI Eafe Value ETF | 1.56% | 163,742 | $11.7M | Add +46.0% |
| META Meta Platforms Inc. Class A | 1.52% | 17,277 | $11.4M | Reduce -14.6% |
| EXPE Expedia Group Inc. | 1.50% | 39,649 | $11.2M | Add +9.9% |
| SCHG Schwab US Large-Cap Growth | 1.48% | 338,738 | $11.0M | Add +49.1% |
| AVUV Avantis US Small Cap Value | 1.44% | 105,791 | $10.8M | Add +56.2% |
| GOOGL Alphabet Inc. Class A | 1.42% | 33,837 | $10.6M | Reduce -4.7% |
| CSCO Cisco Systems Inc. | 1.27% | 123,663 | $9.5M | Add +7.8% |
| GILD Gilead Sciences Inc. | 1.16% | 70,920 | $8.7M | Add +16.8% |
| SYF Synchrony Financial | 1.12% | 100,295 | $8.4M | Add +5.5% |
| AVGO Broadcom Inc. | 1.08% | 23,449 | $8.1M | Add +8.0% |
| CAH Cardinal Health Inc. | 1.08% | 39,466 | $8.1M | Add +1.4% |
| NTAP Netapp Inc. | 1.06% | 74,289 | $8.0M | Reduce -1.1% |
| FOXA Fox Corp. Class A | 1.04% | 106,246 | $7.8M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 1.00% | 23,858 | $7.5M | Add +8.9% |
| DLTR Dollar Tree Inc. | 1.00% | 60,666 | $7.5M | Add +119.9% |
| JBL Jabil Inc. | 0.99% | 32,648 | $7.4M | Add +18.0% |
| QCOM Qualcomm Inc. | 0.99% | 43,301 | $7.4M | Reduce -5.8% |
| JPM JPMorgan Chase & Co. | 0.98% | 22,660 | $7.3M | Reduce -19.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.96% | 24,279 | $7.2M | Reduce -12.4% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.95% | 91,970 | $7.1M | Add +13.6% |
| FLEX Flex Ltd. | 0.95% | 117,551 | $7.1M | Reduce -6.3% |
| TSLA Tesla Inc. | 0.92% | 15,345 | $6.9M | Add +16.0% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.90% | 204,827 | $6.7M | Add +57.9% |
| LOGI Logitech International-Reg | 0.89% | 66,427 | $6.7M | Reduce -16.2% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.89% | 98,514 | $6.6M | Add +1.4% |
| ZM Zoom Communications Inc. | 0.87% | 75,732 | $6.5M | Add +14.7% |
| SCHF Schwab Intl Equity ETF | 0.86% | 266,657 | $6.4M | Add +68.7% |
| RL Ralph Lauren Corp. | 0.85% | 18,047 | $6.4M | Reduce -2.3% |
| AMP Ameriprise Financial Inc. | 0.85% | 12,978 | $6.4M | Add +4.4% |
| SCYB Schwab High Yield Bond ETF | 0.81% | 229,194 | $6.1M | Add +3.2% |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | 0.80% | 315,644 | $6.0M | Add +20.7% |
| UTHR United Therapeutics Corp. | 0.78% | 11,989 | $5.8M | Reduce -16.3% |
| PFLD Aam Low Dur Pref & Inc. Sec | 0.78% | 296,996 | $5.8M | Add +19.1% |
| CPAY Corpay Inc. | 0.77% | 19,231 | $5.8M | Reduce -19.6% |
| RPRX Royalty Pharma PLC Class A | 0.75% | 145,754 | $5.6M | Add +58.1% |
| HOLX Hologic Inc. | 0.74% | 74,634 | $5.6M | Add +174.3% |
| SCHQ Schwab Long-Term US Treasury | 0.69% | 162,424 | $5.1M | Add +3.4% |
| LYV Live Nation Entertainment Inc. | 0.67% | 35,116 | $5.0M | Add +0.3% |
| EBAY eBay Inc. | 0.66% | 56,664 | $4.9M | Reduce -14.9% |
| TPR Tapestry Inc. | 0.64% | 37,770 | $4.8M | Add +6.0% |
| LRCX Lam Research Corp. | 0.64% | 27,926 | $4.8M | Add +60.6% |
| ABNB Airbnb Inc. Class A | 0.63% | 34,977 | $4.7M | Add +52.9% |
| CHKP Check Point Software Tech | 0.62% | 25,150 | $4.7M | Add +43.7% |
| AMGN Amgen Inc. | 0.61% | 13,904 | $4.6M | Add +27.8% |
| HAL Halliburton Co. | 0.59% | 154,980 | $4.4M | Add +96.7% |
| INCY Incyte Corp. | 0.56% | 42,067 | $4.2M | New |
| COKE Coca-Cola Consolidated Inc. | 0.54% | 26,479 | $4.1M | Reduce -18.4% |
| EUSA iShares MSCI USA Equal Weigh | 0.53% | 38,377 | $4.0M | Add +52.8% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.52% | 101,428 | $3.9M | Add +24.7% |
| EXEL Exelixis Inc. | 0.51% | 86,666 | $3.8M | Add +6.4% |
| DELL Dell Technologies -C | 0.50% | 29,613 | $3.7M | Reduce -9.3% |
| WFC Wells Fargo & Co. | 0.49% | 39,077 | $3.6M | Reduce -29.4% |
| AKAM Akamai Technologies Inc. | 0.48% | 41,054 | $3.6M | Add +1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.44% | 60,397 | $3.3M | Add +5.9% |
| LVS Las Vegas Sands Corp. | 0.43% | 49,665 | $3.2M | Add +12.3% |
| ABBV Abbvie Inc. | 0.43% | 14,032 | $3.2M | Reduce -10.7% |
| EOG EOG Resources Inc. | 0.43% | 30,300 | $3.2M | Add +56.5% |
| V Visa Inc. Class A | 0.41% | 8,751 | $3.1M | Add +7.9% |
| BBY Best Buy Co. Inc. | 0.41% | 45,571 | $3.1M | Add +6.0% |
| DFAC Dimensional US Core Equity 2 | 0.39% | 73,846 | $2.9M | New |
| AU Anglogold Ashanti PLC | 0.38% | 33,344 | $2.8M | Add +37.7% |
| NRG NRG Energy Inc. | 0.35% | 16,323 | $2.6M | Add +33.0% |
| XOM Exxon Mobil Corp. | 0.35% | 21,520 | $2.6M | Add +6.1% |
| BLD Topbuild Corp. | 0.34% | 6,130 | $2.6M | New |
| OMC Omnicom Group | 0.34% | 31,466 | $2.5M | Reduce -12.3% |
| WMT Walmart Inc. | 0.33% | 22,143 | $2.5M | Add +7.4% |
| MA Mastercard Inc. Class A | 0.32% | 4,143 | $2.4M | Add +6.1% |
| GEN Gen Digital Inc. | 0.31% | 86,302 | $2.3M | Add +27.2% |
| SCHW Schwab (charles) Corp. | 0.30% | 22,555 | $2.3M | Add +179.0% |
| NFLX Netflix Inc. | 0.29% | 22,913 | $2.1M | Add +15.4% |
| PLTR Palantir Technologies Inc. Class A | 0.29% | 12,030 | $2.1M | Add +17.4% |
| PYPL PayPal Holdings Inc. | 0.28% | 36,436 | $2.1M | Reduce -42.9% |
| CAT Caterpillar Inc. | 0.28% | 3,624 | $2.1M | Add +12.9% |
| COST Costco Wholesale Corp. | 0.26% | 2,235 | $1.9M | Add +5.1% |
| MRK Merck & Co. Inc. | 0.25% | 18,104 | $1.9M | Add +12.8% |
| TLN Talen Energy Corp. | 0.25% | 5,082 | $1.9M | Add +7.5% |
| PG The Procter & Gamble Co. | 0.25% | 13,215 | $1.9M | Add +7.1% |
| AMD Advanced Micro Devices | 0.24% | 8,368 | $1.8M | Add +10.3% |
| HD Home Depot Inc. | 0.23% | 5,062 | $1.7M | Add +6.4% |
| ORCL Oracle Corp. | 0.23% | 8,749 | $1.7M | Reduce -2.8% |
| MLI Mueller Industries Inc. | 0.22% | 14,287 | $1.6M | Add +50.0% |
| MU Micron Technology Inc. | 0.22% | 5,666 | $1.6M | Add +7.9% |
| NYT New York Times Co. Class A | 0.21% | 23,078 | $1.6M | Add +24.6% |
| MYCI State Street MY2029 Corporat | 0.21% | 63,659 | $1.6M | Add +6.3% |
| MYCH State Street MY2028 Corporat | 0.21% | 63,495 | $1.6M | Add +6.3% |
| MYCG State Street MY2027 Corporat | 0.21% | 63,603 | $1.6M | Add +6.4% |
| MYCJ State Street MY2030 Corporat | 0.21% | 63,680 | $1.6M | Add +6.3% |
| GE General Electric filed as GE AEROSPACE | 0.21% | 5,118 | $1.6M | Add +6.3% |
| AMAT Applied Materials Inc. | 0.20% | 5,950 | $1.5M | Add +2.4% |
| GS Goldman Sachs Group Inc. | 0.20% | 1,733 | $1.5M | Add +20.6% |
Portfolio Sells Q3 2025 → Q4 2025
| APP AppLovin Corp. Class A | Reduce -88.1% | 0.11% | −0.99 |
| META Meta Platforms Inc. Class A | Reduce -14.6% | 1.52% | −0.63 |
| DVA Davita Inc. | Sold out | 0.00% | −0.55 |
| MPC Marathon Petroleum Corp. | Reduce -90.9% | 0.03% | −0.44 |
| CRBG Corebridge Financial Inc. | Reduce -69.3% | 0.14% | −0.38 |
| LOGI Logitech International-Reg | Reduce -16.2% | 0.89% | −0.37 |
| NXPI NXP Semiconductors NV | Reduce -88.8% | 0.04% | −0.36 |
| PYPL PayPal Holdings Inc. | Reduce -42.9% | 0.28% | −0.33 |
| OC Owens Corning | Sold out | 0.00% | −0.32 |
| JPM JPMorgan Chase & Co. | Reduce -19.9% | 0.98% | −0.32 |
| DKS Dick's Sporting Goods Inc. | Reduce -60.5% | 0.15% | −0.31 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.27 |
| LNG Cheniere Energy Inc. | Reduce -86.9% | 0.03% | −0.25 |
| AXP American Express Co. | Reduce -62.0% | 0.16% | −0.25 |
| EQH Equitable Holdings Inc. | Reduce -78.8% | 0.06% | −0.25 |
| WSM Williams-Sonoma Inc. | Reduce -73.8% | 0.07% | −0.24 |
| NTAP Netapp Inc. | Reduce -1.1% | 1.06% | −0.22 |
| CPAY Corpay Inc. | Reduce -19.6% | 0.77% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.0% | 1.71% | −0.22 |
| EBAY eBay Inc. | Reduce -14.9% | 0.66% | −0.22 |
| WFC Wells Fargo & Co. | Reduce -29.4% | 0.49% | −0.18 |
| EA Electronic Arts Inc. | Reduce -82.2% | 0.03% | −0.17 |
| DELL Dell Technologies -C | Reduce -9.3% | 0.50% | −0.17 |
| IBM Intl Business Machines Corp. | Reduce -12.4% | 0.96% | −0.17 |
| KMB Kimberly-Clark Corp. | Reduce -47.4% | 0.11% | −0.16 |
| FTI Technipfmc PLC | Sold out | 0.00% | −0.14 |
| CSL Carlisle Cos Inc. | Reduce -69.4% | 0.05% | −0.14 |
| ORCL Oracle Corp. | Reduce -2.8% | 0.23% | −0.14 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.13 |
| QCOM Qualcomm Inc. | Reduce -5.8% | 0.99% | −0.12 |
| LULU Lululemon Athletica Inc. | Reduce -71.0% | 0.05% | −0.11 |
| FLEX Flex Ltd. | Reduce -6.3% | 0.95% | −0.10 |
| ABBV Abbvie Inc. | Reduce -10.7% | 0.43% | −0.10 |
| UTHR United Therapeutics Corp. | Reduce -16.3% | 0.78% | −0.09 |
| OMC Omnicom Group | Reduce -12.3% | 0.34% | −0.08 |
| NKE Nike Inc. Class B | Reduce -52.2% | 0.05% | −0.07 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.07 |
| BURL Burlington Stores Inc. | Reduce -64.4% | 0.04% | −0.07 |
| VLO Valero Energy Corp. | Reduce -57.5% | 0.03% | −0.06 |
| VC Visteon Corp. | Reduce -29.9% | 0.06% | −0.05 |
| CMC Commercial Metals Co. | Sold out | 0.00% | −0.05 |
| QLYS Qualys Inc. | Sold out | 0.00% | −0.05 |
| EZBC Franklin Bitcoin ETF | Sold out | 0.00% | −0.05 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.05 |
| PCTY Paylocity Holding Corp. | Sold out | 0.00% | −0.05 |
| VST Vistra Corp. | Reduce -2.5% | 0.12% | −0.04 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.04 |
| CMI Cummins Inc. | Reduce -50.8% | 0.05% | −0.04 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.04 |
| WMS Advanced Drainage Systems Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| DLTR Dollar Tree Inc. | Add +119.9% | 1.00% | +0.62 |
| SCHX Schwab US Large-Cap ETF | Add +47.5% | 2.08% | +0.58 |
| INCY Incyte Corp. | New | 0.56% | +0.56 |
| HOLX Hologic Inc. | Add +174.3% | 0.74% | +0.48 |
| AVUV Avantis US Small Cap Value | Add +56.2% | 1.44% | +0.47 |
| EFV iShares MSCI Eafe Value ETF | Add +46.0% | 1.56% | +0.46 |
| SCHG Schwab US Large-Cap Growth | Add +49.1% | 1.48% | +0.43 |
| DFAC Dimensional US Core Equity 2 | New | 0.39% | +0.39 |
| EXPE Expedia Group Inc. | Add +9.9% | 1.50% | +0.38 |
| BLD Topbuild Corp. | New | 0.34% | +0.34 |
| SCHF Schwab Intl Equity ETF | Add +68.7% | 0.86% | +0.32 |
| HAL Halliburton Co. | Add +96.7% | 0.59% | +0.30 |
| LRCX Lam Research Corp. | Add +60.6% | 0.64% | +0.30 |
| AAPL Apple Inc. | Add +12.7% | 2.83% | +0.28 |
| RPRX Royalty Pharma PLC Class A | Add +58.1% | 0.75% | +0.28 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +57.9% | 0.90% | +0.27 |
| ABNB Airbnb Inc. Class A | Add +52.9% | 0.63% | +0.23 |
| GOOG Alphabet Inc. Class C | Add +8.9% | 1.00% | +0.23 |
| CAH Cardinal Health Inc. | Add +1.4% | 1.08% | +0.20 |
| SCHW Schwab (charles) Corp. | Add +179.0% | 0.30% | +0.19 |
| GILD Gilead Sciences Inc. | Add +16.8% | 1.16% | +0.19 |
| BAH Booz Allen Hamilton Holdings | New | 0.17% | +0.17 |
| AMGN Amgen Inc. | Add +27.8% | 0.61% | +0.16 |
| EUSA iShares MSCI USA Equal Weigh | Add +52.8% | 0.53% | +0.16 |
| SYF Synchrony Financial | Add +5.5% | 1.12% | +0.14 |
| CSCO Cisco Systems Inc. | Add +7.8% | 1.27% | +0.14 |
| AU Anglogold Ashanti PLC | Add +37.7% | 0.38% | +0.13 |
| DFAX Dimensional World Ex US Core | New | 0.13% | +0.13 |
| JBL Jabil Inc. | Add +18.0% | 0.99% | +0.13 |
| SLB SLB Ltd. | Add +24.7% | 0.52% | +0.12 |
| ANF Abercrombie & Fitch Co. Class A | Add +181.7% | 0.16% | +0.11 |
| EOG EOG Resources Inc. | Add +56.5% | 0.43% | +0.11 |
| JEPI JPMorgan Equity Premium Inco | Add +160.3% | 0.17% | +0.10 |
| CHKP Check Point Software Tech | Add +43.7% | 0.62% | +0.10 |
| RGLD Royal Gold Inc. | Add +105.8% | 0.19% | +0.10 |
| MU Micron Technology Inc. | Add +7.9% | 0.22% | +0.09 |
| LVS Las Vegas Sands Corp. | Add +12.3% | 0.43% | +0.09 |
| ZM Zoom Communications Inc. | Add +14.7% | 0.87% | +0.08 |
| FOXA Fox Corp. Class A | Add +1.4% | 1.04% | +0.08 |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | Add +20.7% | 0.80% | +0.08 |
| MLI Mueller Industries Inc. | Add +50.0% | 0.22% | +0.08 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +110.4% | 0.15% | +0.08 |
| RNR Renaissancere Holdings Ltd. | Add +56.6% | 0.20% | +0.07 |
| TSLA Tesla Inc. | Add +16.0% | 0.92% | +0.07 |
| PFLD Aam Low Dur Pref & Inc. Sec | Add +19.1% | 0.78% | +0.06 |
| AMD Advanced Micro Devices | Add +10.3% | 0.24% | +0.06 |
| TPR Tapestry Inc. | Add +6.0% | 0.64% | +0.06 |
| NYT New York Times Co. Class A | Add +24.6% | 0.21% | +0.06 |
| MRK Merck & Co. Inc. | Add +12.8% | 0.25% | +0.06 |
| NRG NRG Energy Inc. | Add +33.0% | 0.35% | +0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 411 | $962.8M | JAAA, NVDA, AAPL, SGOV, SCHX |
| Q1 2026 | 397 | $1.1B | SGOV, SCHX, SCHI, MTBA, AVUV |
| Q4 2025 | 366 | $748.5M | SGOV, NVDA, AAPL, MSFT, SCHX |
| Q3 2025 | 363 | $691.1M | SGOV, NVDA, MSFT, AAPL, SCHI |
| Q2 2025 | 359 | $610.9M | SGOV, MSFT, NVDA, META, SCHI |
| Q1 2025 | 273 | $486.5M | SGOV, AAPL, SCHI, MSFT, META |
| Q4 2024 | 247 | $458.3M | SGOV, AAPL, SCHI, MSFT, META |
| Q3 2024 | 231 | $368.0M | AAPL, MSFT, META, NVDA, GOOGL |
| Q2 2024 | 214 | $331.9M | MSFT, AAPL, NVDA, GOOGL, META |
| Q1 2024 | 212 | $304.6M | MSFT, AAPL, GOOGL, META, BRK.B |