Lazari Capital Management, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Lazari Capital Management, Inc. reported 155 stock positions worth $244.6 million. Its top holding was Apple (AAPL) at 15.9% of the portfolio, followed by Meta Platforms Class A (META, 8.1%) and Amazon.com (AMZN, 6.3%). Compared with Q4 2024, it opened 10 new positions, sold out of 8, added to 52 and reduced 70. The biggest buy was Uber Technologies (UBER, shares +2%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
WOODLAND HILLS, CA
CIK
0001986389
Portfolio Value
$244.6M (Q1 2025)
SEC Filing
0001986389-25-000002 ↗ filed Apr 23, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $184.1M Q1 2024 Q2 2024: $221.8M Q2 2024 Q3 2024: $233.8M Q3 2024 Q4 2024: $250.9M Q4 2024 Q1 2025: $244.6M $244.6M Q1 2025 Q2 2025: $265.6M Q2 2025 Q3 2025: $294.2M Q3 2025 Q4 2025: $295.5M Q4 2025 Q1 2026: $285.3M Q1 2026 Q2 2026: $321.6M Q2 2026

Holdings 155 stocks · $244.6M

AAPL Apple Inc. 15.86% 174,667 $38.8M Reduce -0.5%
META Meta Platforms Inc. Class A 8.10% 34,391 $19.8M Reduce -2.2%
AMZN Amazon.com Inc. 6.28% 80,749 $15.4M Add +0.6%
UBER Uber Technologies Inc. 6.04% 202,597 $14.8M Add +1.6%
NVDA Nvidia Corp. 4.95% 111,608 $12.1M Add +1.5%
GOOGL Alphabet Inc. Class A 3.46% 54,653 $8.5M Add +4.7%
MSFT Microsoft Corp. 2.71% 17,674 $6.6M Add +9.9%
BP BP PLC-Spons ADR 2.67% 192,919 $6.5M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.61% 64,610 $6.4M Add +0.5%
BA The Boeing Co. 2.15% 30,845 $5.3M Add +7.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.62% 95,037 $4.0M Reduce -3.6%
NFLX Netflix Inc. 1.48% 3,874 $3.6M Reduce -0.4%
ABBV Abbvie Inc. 1.39% 16,233 $3.4M Reduce -1.7%
VTI VG Morningstar TS MKT ETF-US 1.38% 12,282 $3.4M Add +4.8%
TSLA Tesla Inc. 1.24% 11,735 $3.0M Add +0.5%
VZ Verizon Communications Inc. 1.24% 66,851 $3.0M Add +8.8%
AMD Advanced Micro Devices 1.05% 25,075 $2.6M Add +22.1%
XOM Exxon Mobil Corp. 1.02% 21,036 $2.5M Add +6.3%
WYNN WYNN Resorts Ltd. 1.01% 29,723 $2.5M Add +21.0%
STIP iShares 0-5 Year Tips Bond E 0.96% 22,630 $2.3M Reduce -3.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.95% 4,159 $2.3M Add +8.8%
JPM JPMorgan Chase & Co. 0.90% 8,924 $2.2M Reduce -3.0%
IVV iShares Core S&P 500 ETF 0.84% 3,637 $2.0M Reduce -1.7%
V Visa Inc. Class A 0.83% 5,825 $2.0M Reduce -1.8%
AVGO Broadcom Inc. 0.80% 11,716 $2.0M Add +0.4%
AGG iShares Core U.S. Aggregate 0.77% 18,972 $1.9M Reduce -6.2%
QQQ Invesco QQQ Trust Series 1 0.75% 3,906 $1.8M Add +0.4%
SRE Sempra 0.71% 24,225 $1.7M Add +1.0%
SBUX Starbucks Corp. 0.68% 17,046 $1.7M Reduce -0.3%
T AT&T Inc. 0.66% 57,343 $1.6M Reduce -0.1%
PFE Pfizer Inc. 0.65% 62,380 $1.6M Add +93.5%
CRM Salesforce Inc. 0.62% 5,623 $1.5M Add +2.1%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.60% 4,747 $1.5M Add +319.0%
COST Costco Wholesale Corp. 0.58% 1,500 $1.4M Add +77.5%
COP Conocophillips 0.56% 12,947 $1.4M Reduce -0.5%
VYM Vanguard High DVD Yield ETF 0.54% 10,276 $1.3M New
WFC Wells Fargo & Co. 0.54% 18,246 $1.3M Reduce -4.8%
WMT Walmart Inc. 0.47% 12,989 $1.1M Add +13.6%
BABA Alibaba Group Holding-SP ADR 0.46% 8,559 $1.1M Reduce -14.8%
MO Altria Group Inc. 0.46% 18,809 $1.1M Reduce -0.3%
BMY Bristol-Myers Squibb Co. 0.46% 18,449 $1.1M Reduce -9.6%
CVX Chevron Corp. 0.46% 6,710 $1.1M Add +48.9%
DVN Devon Energy Corp. 0.45% 29,739 $1.1M Reduce -0.3%
AXP American Express Co. 0.45% 4,058 $1.1M Add +12.5%
XLE SS Energy Select Sector 0.44% 11,561 $1.1M Reduce -3.0%
JNJ Johnson & Johnson 0.41% 6,116 $1.0M Reduce -2.6%
MA Mastercard Inc. Class A 0.41% 1,837 $1.0M Reduce -2.5%
IEFA iShares Core MSCI Eafe ETF 0.41% 13,208 $999K Reduce -1.8%
PYPL PayPal Holdings Inc. 0.37% 13,748 $897K Reduce -0.6%
C Citigroup Inc. 0.34% 11,852 $841K Reduce -3.5%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 1,494 $796K Reduce -4.3%
GLD SPDR Gold Shares 0.31% 2,645 $762K Add +104.6%
MAR Marriott International Class A 0.31% 3,169 $755K Add +14.5%
IGSB iShares 1-5Y Inv Grade Corp. 0.31% 14,384 $753K Reduce -1.8%
AMGN Amgen Inc. 0.29% 2,271 $708K Reduce -4.3%
GSK GSK PLC-Spon ADR 0.29% 18,110 $702K Reduce -6.7%
TRGP Targa Resources Corp. 0.28% 3,451 $692K Reduce -1.4%
GS Goldman Sachs Group Inc. 0.28% 1,251 $683K Reduce -0.1%
FBND Fidelity Total Bond ETF 0.27% 14,582 $666K Reduce -10.1%
RTX RTX Corp. 0.26% 4,882 $647K Reduce -20.6%
MS Morgan Stanley 0.26% 5,447 $636K No change
HD Home Depot Inc. 0.26% 1,705 $625K Reduce -21.9%
VMC Vulcan Materials Co. 0.26% 2,673 $624K No change
DFSV Dimensional US Small Cap Val 0.25% 21,894 $616K No change
GE General Electric filed as GE AEROSPACE 0.25% 3,043 $609K Add +9.3%
SHOP Shopify Inc. Class A 0.25% 6,364 $608K Add +0.8%
IJR iShares Core S&P Small-Cap E 0.25% 5,804 $607K Add +3.5%
BND Vanguard Total Bond Market 0.24% 7,983 $586K Add +12.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.24% 5,340 $580K Reduce -4.5%
F Ford Motor Co. filed as FORD MTR CO 0.23% 56,779 $569K Add +0.4%
MCD McDonald's Corp. 0.23% 1,823 $569K Reduce -2.6%
MESO Mesoblast Ltd.- Spon ADR 0.23% 45,468 $567K Add +0.0%
LLY Eli Lilly & Co. 0.23% 686 $567K Reduce -40.8%
VFMO Vanguard US Momentum Factor 0.23% 3,706 $562K Reduce -13.7%
GOOG Alphabet Inc. Class C 0.23% 3,547 $554K Add +14.6%
OXY Occidental Petroleum Corp. 0.22% 11,041 $545K Reduce -1.9%
SCHW Schwab (charles) Corp. 0.22% 6,848 $536K Reduce -17.6%
MCK McKesson Corp. 0.21% 774 $521K Reduce -0.4%
ORCL Oracle Corp. 0.21% 3,681 $515K Reduce -0.3%
UNH Unitedhealth Group Inc. 0.20% 932 $488K New
CAT Caterpillar Inc. 0.20% 1,474 $486K Add +2.1%
SPG Simon Property Group Inc. 0.19% 2,764 $459K Reduce -6.7%
CVBF CVB Financial Corp. 0.18% 24,376 $450K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 1,784 $444K Reduce -7.2%
MRK Merck & Co. Inc. 0.18% 4,878 $438K Add +75.0%
PG The Procter & Gamble Co. 0.18% 2,530 $431K Add +3.6%
PM Philip Morris International 0.17% 2,582 $410K Add +3.2%
VOO Vanguard S&P 500 ETF 0.17% 793 $407K Add +16.6%
DIREXION DLY S&P 500 BEAR 3X 0.17% 57,000 $406K Add +21.5%
HON Honeywell International Inc. 0.15% 1,776 $376K Add +0.1%
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) 0.15% 375,000 $376K New
XNCMX Nuveen Ca Amt-FR Muni Inc. 0.15% 28,761 $362K No change
ASML ASML Holding NV-NY Reg SHS 0.14% 519 $344K Reduce -5.6%
IYE iShares U.S. Energy ETF 0.14% 6,950 $343K No change
DISV Dimensional International SM 0.14% 11,761 $342K Reduce -11.8%
XHR Xenia Hotels & Resorts Inc. 0.14% 28,580 $336K Add +0.0%
AMLP Alerian MLP ETF 0.13% 6,280 $326K No change
UYG Proshares Ultra Financials 0.13% 3,510 $313K No change
DUK Duke Energy Corp. 0.13% 2,545 $310K Add +0.6%
TSM Taiwan Semiconductor-SP ADR 0.13% 1,862 $309K Reduce -1.1%
IYH iShares U.S. Healthcare ETF 0.13% 5,028 $306K Add +4.1%
VHT Vanguard Health Care ETF 0.12% 1,069 $283K Add +0.4%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.11% 2,171 $280K No change
SLV iShares Silver Trust 0.11% 8,952 $277K Reduce -7.3%
KMB Kimberly-Clark Corp. 0.11% 1,947 $277K Reduce -1.8%
BXP BXP Inc. 0.11% 4,071 $274K Reduce -12.5%
VOD Vodafone Group PLC-SP ADR 0.11% 29,143 $273K Add +36.7%
SO The Southern Co. 0.11% 2,950 $271K Reduce -7.6%
PLTR Palantir Technologies Inc. Class A 0.11% 3,099 $262K Reduce -9.2%
IEF iShares 7-10 Year Treasury B 0.10% 2,674 $255K No change
XEL Xcel Energy Inc. 0.10% 3,599 $255K Reduce -6.3%
PEP Pepsico Inc. 0.10% 1,697 $254K Reduce -3.3%
COIN Coinbase Global Inc. Class A 0.10% 1,477 $254K New
PFF iShares Preferred & Income S 0.10% 8,217 $253K Reduce -11.8%
XYZ Block Inc. 0.10% 4,587 $249K No change
IEMG iShares Core MSCI Emerging 0.10% 4,575 $247K Reduce -5.3%
EME Emcor Group Inc. 0.10% 665 $246K Reduce -1.0%
AGNC AGNC Investment Corp. 0.10% 25,105 $241K No change
SHW The Sherwin-Williams Co. 0.10% 687 $240K No change
VEU Vanguard Ftse All-World Ex-U 0.10% 3,923 $238K Reduce -0.4%
XLF SS Financial Select Sector 0.10% 4,688 $234K Add +0.0%
RSPT Invesco S&P 500 Equal Weight 0.09% 6,763 $231K Reduce -0.8%
IMTM iShares MSCI Intl Momentum F 0.09% 5,782 $231K Reduce -18.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.09% 622 $231K No change
UBRL Granite 2X Long Uber ETF 0.09% 10,260 $226K New
DFEV Dimensional Emrg MRKT Val 0.09% 8,312 $225K Reduce -9.2%
UNP Union Pacific Corp. 0.09% 935 $221K Reduce -1.3%
IJK iShares S&P Mid-Cap 400 Grow 0.09% 2,651 $221K Reduce -4.3%
TEVA Teva Pharmaceutical-SP ADR 0.09% 14,355 $221K Reduce -1.1%
IBIT iShares Bitcoin Trust ETF 0.09% 4,694 $220K New
BX Blackstone Inc. 0.09% 1,561 $218K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.09% 1,169 $218K Add +0.7%
AOA iShares Core 80/20 Aggressiv 0.09% 2,846 $218K No change
EQNR Equinor ASA-Spon ADR 0.09% 8,118 $215K New
STWD Starwood Property Trust Inc. 0.09% 10,849 $214K No change
SCHD Schwab US DVD Equity ETF 0.09% 7,542 $211K Add +0.6%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.09% 810 $208K Add +0.4%
WM Waste Management Inc. 0.08% 896 $207K New
TGT Target Corp. 0.08% 1,976 $206K Reduce -2.9%
MET Metlife Inc. 0.08% 2,562 $206K Add +0.3%
FICO Fair Isaac Corp. 0.08% 109 $201K Reduce -12.1%
O Realty Income Corp. 0.08% 3,462 $201K New
BBVA Banco Bilbao Vizcaya-SP ADR 0.08% 13,596 $185K Reduce -0.6%
GNL Global Net Lease Inc. 0.06% 19,561 $157K Reduce -12.0%
GERN Geron Corp. 0.06% 95,524 $152K Add +25.0%
LYG Lloyds Banking Group PLC-ADR 0.04% 23,992 $92K Reduce -10.8%
MITK Mitek Systems Inc. 0.04% 10,504 $87K No change
PPT Franklin Premir Inc. Trust-Ui 0.03% 22,436 $81K No change
BFLY Butterfly Network Inc. 0.02% 18,720 $43K No change
PLUG Plug Power Inc. 0.01% 24,657 $33K Add +14.9%
TMC TMC the Metals Co. Inc. 0.01% 10,000 $17K No change
VANI Vivani Medical Inc. 0.00% 10,000 $11K No change
LCTX Lineage Cell Therapeutics Inc. 0.00% 10,817 $5K Reduce -1.3%
STEM Stem Inc. 0.00% 12,574 $4K No change
XFOR X4 Pharmaceuticals Inc. 0.00% 10,000 $2K No change

Portfolio Sells Q4 2024 → Q1 2025

AAPL Apple Inc. Reduce -0.5% 15.86% −1.65
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.15
GILD Gilead Sciences Inc. Sold out 0.00% −0.13
LLY Eli Lilly & Co. Reduce -40.8% 0.23% −0.12
ABNB Airbnb Inc. Class A Sold out 0.00% −0.11
BAC Bank of America Corp. Reduce -3.6% 1.62% −0.11
META Meta Platforms Inc. Class A Reduce -2.2% 8.10% −0.11
PYPL PayPal Holdings Inc. Reduce -0.6% 0.37% −0.10
IWF iShares Russell 1000 Growth Sold out 0.00% −0.09
AMAT Applied Materials Inc. Sold out 0.00% −0.09
HD Home Depot Inc. Reduce -21.9% 0.26% −0.08
CMCSA Comcast Corp. Class A Sold out 0.00% −0.08
KEY Keycorp Sold out 0.00% −0.07
VFMO Vanguard US Momentum Factor Reduce -13.7% 0.23% −0.05
TEVA Teva Pharmaceutical-SP ADR Reduce -1.1% 0.09% −0.04
ORCL Oracle Corp. Reduce -0.3% 0.21% −0.03
IVV iShares Core S&P 500 ETF Reduce -1.7% 0.84% −0.03
BXP BXP Inc. Reduce -12.5% 0.11% −0.03
SCHW Schwab (charles) Corp. Reduce -17.6% 0.22% −0.03
TGT Target Corp. Reduce -2.9% 0.08% −0.03
TSM Taiwan Semiconductor-SP ADR Reduce -1.1% 0.13% −0.02
EME Emcor Group Inc. Reduce -1.0% 0.10% −0.02
RTX RTX Corp. Reduce -20.6% 0.26% −0.02
FBND Fidelity Total Bond ETF Reduce -10.1% 0.27% −0.02
FICO Fair Isaac Corp. Reduce -12.1% 0.08% −0.02
SPG Simon Property Group Inc. Reduce -6.7% 0.19% −0.02
AGG iShares Core U.S. Aggregate Reduce -6.2% 0.77% −0.01
PFF iShares Preferred & Income S Reduce -11.8% 0.10% −0.01
IMTM iShares MSCI Intl Momentum F Reduce -18.5% 0.09% −0.01
ASML ASML Holding NV-NY Reg SHS Reduce -5.6% 0.14% −0.01
IJK iShares S&P Mid-Cap 400 Grow Reduce -4.3% 0.09% −0.01
RSPT Invesco S&P 500 Equal Weight Reduce -0.8% 0.09% −0.01
GS Goldman Sachs Group Inc. Reduce -0.1% 0.28% −0.01
DFEV Dimensional Emrg MRKT Val Reduce -9.2% 0.09% −0.00
PEP Pepsico Inc. Reduce -3.3% 0.10% −0.00
DISV Dimensional International SM Reduce -11.8% 0.14% −0.00
WFC Wells Fargo & Co. Reduce -4.8% 0.54% −0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -4.5% 0.24% −0.00
C Citigroup Inc. Reduce -3.5% 0.34% −0.00
ZOMDF Zomedica Corp. Sold out 0.00% −0.00
GNL Global Net Lease Inc. Reduce -12.0% 0.06% −0.00
BMY Bristol-Myers Squibb Co. Reduce -9.6% 0.46% −0.00
LCTX Lineage Cell Therapeutics Inc. Reduce -1.3% 0.00% −0.00
IEMG iShares Core MSCI Emerging Reduce -5.3% 0.10% +0.00
XEL Xcel Energy Inc. Reduce -6.3% 0.10% +0.00
OXY Occidental Petroleum Corp. Reduce -1.9% 0.22% +0.00
PLTR Palantir Technologies Inc. Class A Reduce -9.2% 0.11% +0.00
UNP Union Pacific Corp. Reduce -1.3% 0.09% +0.00
IGSB iShares 1-5Y Inv Grade Corp. Reduce -1.8% 0.31% +0.01
SO The Southern Co. Reduce -7.6% 0.11% +0.01

Portfolio Buys Q4 2024 → Q1 2025

UBER Uber Technologies Inc. Add +1.6% 6.04% +1.24
VYM Vanguard High DVD Yield ETF New 0.54% +0.54
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +319.0% 0.60% +0.44
PFE Pfizer Inc. Add +93.5% 0.65% +0.31
COST Costco Wholesale Corp. Add +77.5% 0.58% +0.27
VZ Verizon Communications Inc. Add +8.8% 1.24% +0.26
UNH Unitedhealth Group Inc. New 0.20% +0.20
CVX Chevron Corp. Add +48.9% 0.46% +0.20
GLD SPDR Gold Shares Add +104.6% 0.31% +0.19
XOM Exxon Mobil Corp. Add +6.3% 1.02% +0.17
WYNN WYNN Resorts Ltd. Add +21.0% 1.01% +0.17
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) New 0.15% +0.15
BA The Boeing Co. Add +7.8% 2.15% +0.13
COIN Coinbase Global Inc. Class A New 0.10% +0.10
UBRL Granite 2X Long Uber ETF New 0.09% +0.09
IBIT iShares Bitcoin Trust ETF New 0.09% +0.09
BX Blackstone Inc. New 0.09% +0.09
EQNR Equinor ASA-Spon ADR New 0.09% +0.09
WM Waste Management Inc. New 0.08% +0.08
O Realty Income Corp. New 0.08% +0.08
MRK Merck & Co. Inc. Add +75.0% 0.18% +0.07
AMD Advanced Micro Devices Add +22.1% 1.05% +0.06
GE General Electric Add +9.3% 0.25% +0.06
SPY SS SPDR S&P 500 ETF Trust-US Add +8.8% 0.95% +0.06
WMT Walmart Inc. Add +13.6% 0.47% +0.05
DIREXION DLY S&P 500 BEAR 3X Add +21.5% 0.17% +0.05
PM Philip Morris International Add +3.2% 0.17% +0.05
VOD Vodafone Group PLC-SP ADR Add +36.7% 0.11% +0.04
BND Vanguard Total Bond Market Add +12.2% 0.24% +0.04
VTI VG Morningstar TS MKT ETF-US Add +4.8% 1.38% +0.03
VOO Vanguard S&P 500 ETF Add +16.6% 0.17% +0.02
AXP American Express Co. Add +12.5% 0.45% +0.02
DUK Duke Energy Corp. Add +0.6% 0.13% +0.02
PG The Procter & Gamble Co. Add +3.6% 0.18% +0.01
IYH iShares U.S. Healthcare ETF Add +4.1% 0.13% +0.01
MSFT Microsoft Corp. Add +9.9% 2.71% +0.01
F Ford Motor Co. Add +0.4% 0.23% +0.01
VHT Vanguard Health Care ETF Add +0.4% 0.12% +0.01
XLF SS Financial Select Sector Add +0.0% 0.10% +0.01
SCHD Schwab US DVD Equity ETF Add +0.6% 0.09% +0.00
MAR Marriott International Class A Add +14.5% 0.31% +0.00
MET Metlife Inc. Add +0.3% 0.08% +0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.4% 0.09% −0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.7% 0.09% −0.00
PLUG Plug Power Inc. Add +14.9% 0.01% −0.00
HON Honeywell International Inc. Add +0.1% 0.15% −0.01
GOOG Alphabet Inc. Class C Add +14.6% 0.23% −0.01
IJR iShares Core S&P Small-Cap E Add +3.5% 0.25% −0.01
CAT Caterpillar Inc. Add +2.1% 0.20% −0.01
SHOP Shopify Inc. Class A Add +0.8% 0.25% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 185$321.6MAAPL, NVDA, GOOGL, META, AMZN
Q1 2026 173$285.3MAAPL, META, NVDA, AMZN, GOOGL
Q4 2025Amended 164$295.5MAAPL, META, NVDA, AMZN, GOOGL
Q3 2025 165$294.2MAAPL, META, NVDA, UBER, AMZN
Q2 2025 155$265.6MAAPL, META, UBER, AMZN, NVDA
Q1 2025 155$244.6MAAPL, META, AMZN, UBER, NVDA
Q4 2024 153$250.9MAAPL, META, AMZN, NVDA, UBER
Q3 2024 159$233.8MAAPL, META, UBER, AMZN, NVDA
Q2 2024 144$221.8MAAPL, META, AMZN, UBER, GOOGL
Q1 2024 127$184.1MAAPL, META, UBER, AMZN, DIS