Lazari Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Lazari Capital Management, Inc. reported 165 stock positions worth $294.2 million. Its top holding was Apple (AAPL) at 13.8% of the portfolio, followed by Meta Platforms Class A (META, 8.3%) and Nvidia (NVDA, 6.5%). Compared with Q2 2025, it opened 16 new positions, sold out of 6, added to 49 and reduced 70. The biggest buy was Tesla (TSLA, shares +100%) and the biggest sale Meta Platforms Class A (META, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- WOODLAND HILLS, CA
- CIK
- 0001986389
- Portfolio Value
- $294.2M (Q3 2025)
- SEC Filing
- 0001986389-25-000008 ↗ filed Oct 28, 2025
Holdings Value
Holdings 165 stocks · $294.2M
| AAPL Apple Inc. | 13.80% | 159,399 | $40.6M | Reduce -3.7% |
| META Meta Platforms Inc. Class A | 8.27% | 33,110 | $24.3M | Reduce -0.6% |
| NVDA Nvidia Corp. | 6.46% | 101,854 | $19.0M | Reduce -0.4% |
| UBER Uber Technologies Inc. | 5.93% | 177,991 | $17.4M | Reduce -2.7% |
| AMZN Amazon.com Inc. | 5.75% | 77,037 | $16.9M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 4.51% | 54,636 | $13.3M | Reduce -0.3% |
| TSLA Tesla Inc. | 3.34% | 22,111 | $9.8M | Add +100.4% |
| MSFT Microsoft Corp. | 2.89% | 16,439 | $8.5M | Reduce -0.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.42% | 62,275 | $7.1M | Reduce -1.3% |
| BP BP PLC-Spons ADR | 2.33% | 198,949 | $6.9M | Reduce -0.5% |
| BA The Boeing Co. | 2.33% | 31,714 | $6.8M | Add +1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.62% | 92,616 | $4.8M | Reduce -7.3% |
| NFLX Netflix Inc. | 1.54% | 3,774 | $4.5M | Add +0.5% |
| AMD Advanced Micro Devices | 1.31% | 23,748 | $3.8M | Reduce -2.0% |
| ABBV Abbvie Inc. | 1.27% | 16,192 | $3.7M | Reduce -0.3% |
| AVGO Broadcom Inc. | 1.22% | 10,891 | $3.6M | Reduce -7.0% |
| VTI VG Morningstar TS MKT ETF-US | 1.22% | 10,944 | $3.6M | Reduce -10.9% |
| VZ Verizon Communications Inc. | 0.99% | 66,335 | $2.9M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 0.93% | 8,656 | $2.7M | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.88% | 3,876 | $2.6M | Reduce -6.2% |
| XOM Exxon Mobil Corp. | 0.81% | 21,201 | $2.4M | Reduce -0.1% |
| STIP iShares 0-5 Year Tips Bond E | 0.75% | 21,263 | $2.2M | Reduce -4.8% |
| SRE Sempra | 0.74% | 24,298 | $2.2M | Add +0.3% |
| V Visa Inc. Class A | 0.67% | 5,785 | $2.0M | Reduce -0.1% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.66% | 4,805 | $1.9M | Add +0.0% |
| IVV iShares Core S&P 500 ETF | 0.66% | 2,887 | $1.9M | Reduce -13.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.65% | 3,180 | $1.9M | Reduce -13.0% |
| UNH Unitedhealth Group Inc. | 0.65% | 5,528 | $1.9M | Add +59.6% |
| AGG iShares Core U.S. Aggregate | 0.65% | 18,957 | $1.9M | Reduce -2.3% |
| PFE Pfizer Inc. | 0.58% | 67,339 | $1.7M | Reduce -9.4% |
| SPXS Dirx Dai S&P500 B 3X ETF-Usd | 0.56% | 43,740 | $1.7M | New |
| T AT&T Inc. | 0.55% | 56,868 | $1.6M | Reduce -0.6% |
| WFC Wells Fargo & Co. | 0.54% | 19,116 | $1.6M | Add +2.0% |
| VYM Vanguard High DVD Yield ETF | 0.52% | 10,944 | $1.5M | Add +0.1% |
| BABA Alibaba Group Holding-SP ADR | 0.51% | 8,454 | $1.5M | Reduce -1.1% |
| SBUX Starbucks Corp. | 0.48% | 16,694 | $1.4M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.48% | 1,522 | $1.4M | Reduce -0.1% |
| WYNN WYNN Resorts Ltd. | 0.47% | 10,753 | $1.4M | Reduce -61.0% |
| WMT Walmart Inc. | 0.46% | 13,145 | $1.4M | Add +1.5% |
| AXP American Express Co. | 0.45% | 4,008 | $1.3M | No change |
| CRM Salesforce Inc. | 0.44% | 5,419 | $1.3M | Reduce -0.8% |
| COP Conocophillips | 0.42% | 12,934 | $1.2M | No change |
| MO Altria Group Inc. | 0.41% | 18,444 | $1.2M | Add +0.2% |
| JNJ Johnson & Johnson | 0.39% | 6,255 | $1.2M | Add +1.9% |
| C Citigroup Inc. | 0.39% | 11,251 | $1.1M | No change |
| ORCL Oracle Corp. | 0.36% | 3,782 | $1.1M | Add +2.5% |
| CVX Chevron Corp. | 0.36% | 6,763 | $1.1M | Add +1.1% |
| XLE SS Energy Select Sector | 0.35% | 11,563 | $1.0M | Reduce -0.8% |
| MA Mastercard Inc. Class A | 0.35% | 1,787 | $1.0M | Reduce -0.3% |
| DVN Devon Energy Corp. | 0.34% | 28,692 | $1.0M | Reduce -1.6% |
| SHOP Shopify Inc. Class A | 0.33% | 6,527 | $970K | Add +0.6% |
| GS Goldman Sachs Group Inc. | 0.33% | 1,202 | $957K | Add +0.3% |
| GLD SPDR Gold Shares | 0.33% | 2,693 | $957K | Add +0.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.32% | 10,748 | $938K | Reduce -16.6% |
| PYPL PayPal Holdings Inc. | 0.32% | 13,950 | $935K | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 0.29% | 3,535 | $861K | Reduce -0.5% |
| LLY Eli Lilly & Co. | 0.29% | 1,122 | $856K | Add +64.5% |
| VMC Vulcan Materials Co. | 0.28% | 2,673 | $822K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 1,608 | $809K | Add +7.4% |
| HD Home Depot Inc. | 0.27% | 1,956 | $792K | Add +2.1% |
| MS Morgan Stanley | 0.27% | 4,978 | $791K | No change |
| GE General Electric filed as GE AEROSPACE | 0.27% | 2,613 | $786K | Reduce -0.1% |
| RTX RTX Corp. | 0.26% | 4,565 | $764K | Reduce -0.1% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 16,801 | $758K | Reduce -8.1% |
| MESO Mesoblast Ltd.- Spon ADR | 0.26% | 46,671 | $752K | Add +0.4% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.24% | 13,579 | $720K | Reduce -3.4% |
| IJR iShares Core S&P Small-Cap E | 0.24% | 5,821 | $692K | Add +0.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.23% | 5,939 | $662K | Reduce -0.9% |
| VFMO Vanguard US Momentum Factor | 0.22% | 3,453 | $662K | Reduce -3.8% |
| BE Bloom Energy Corp. Class A | 0.22% | 7,614 | $644K | New |
| CAT Caterpillar Inc. | 0.22% | 1,343 | $641K | Reduce -9.1% |
| AMGN Amgen Inc. | 0.22% | 2,256 | $637K | Add +1.2% |
| F Ford Motor Co. filed as FORD MTR CO | 0.21% | 52,411 | $627K | Reduce -10.9% |
| PLTR Palantir Technologies Inc. Class A | 0.21% | 3,412 | $622K | Reduce -2.9% |
| MAR Marriott International Class A | 0.21% | 2,356 | $614K | Add +1.6% |
| SCHW Schwab (charles) Corp. | 0.20% | 6,311 | $603K | Add +0.1% |
| GSK GSK PLC-Spon ADR | 0.20% | 13,901 | $600K | Reduce -22.9% |
| BND Vanguard Total Bond Market | 0.20% | 7,841 | $583K | Reduce -8.8% |
| TRGP Targa Resources Corp. | 0.20% | 3,451 | $578K | No change |
| DFSV Dimensional US Small Cap Val | 0.19% | 17,483 | $557K | Reduce -17.5% |
| MCD McDonald's Corp. | 0.19% | 1,831 | $556K | Add +0.4% |
| SPG Simon Property Group Inc. | 0.18% | 2,745 | $515K | Add +0.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.17% | 1,829 | $511K | Reduce -1.6% |
| FBND Fidelity Total Bond ETF | 0.17% | 10,848 | $502K | Reduce -17.7% |
| OXY Occidental Petroleum Corp. | 0.17% | 10,616 | $502K | Reduce -1.9% |
| VOO Vanguard S&P 500 ETF | 0.17% | 800 | $490K | Reduce -6.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.16% | 487 | $471K | Add +0.6% |
| CVBF CVB Financial Corp. | 0.16% | 24,376 | $461K | No change |
| VHT Vanguard Health Care ETF | 0.15% | 1,688 | $438K | Add +0.4% |
| PM Philip Morris International | 0.14% | 2,607 | $423K | Add +0.4% |
| MRK Merck & Co. Inc. | 0.14% | 5,022 | $421K | Add +0.8% |
| XHR Xenia Hotels & Resorts Inc. | 0.14% | 29,057 | $399K | Reduce -1.0% |
| BXP BXP Inc. | 0.13% | 5,289 | $393K | Reduce -5.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.13% | 5,463 | $390K | Add +0.0% |
| VOD Vodafone Group PLC-SP ADR | 0.13% | 33,411 | $388K | Add +4.1% |
| PG The Procter & Gamble Co. | 0.13% | 2,414 | $371K | Add +0.3% |
| EME Emcor Group Inc. | 0.13% | 571 | $371K | Reduce -7.5% |
| MCK McKesson Corp. | 0.13% | 478 | $370K | Reduce -0.6% |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | 0.12% | 28,761 | $364K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 1,287 | $363K | Reduce -21.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 29,825 | $2.1M | New |
Total filed on the 13F, all lines: $296.3M.
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Reduce -0.6% | 8.27% | −0.99 |
| AMZN Amazon.com Inc. | Reduce -0.8% | 5.75% | −0.67 |
| DIS The Walt Disney Co. | Reduce -1.3% | 2.42% | −0.52 |
| WYNN WYNN Resorts Ltd. | Reduce -61.0% | 0.47% | −0.50 |
| UBER Uber Technologies Inc. | Reduce -2.7% | 5.93% | −0.50 |
| MSFT Microsoft Corp. | Reduce -0.8% | 2.89% | −0.21 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -10.9% | 1.22% | −0.19 |
| BAC Bank of America Corp. | Reduce -7.3% | 1.62% | −0.16 |
| CRM Salesforce Inc. | Reduce -0.8% | 0.44% | −0.12 |
| IVV iShares Core S&P 500 ETF | Reduce -13.1% | 0.66% | −0.12 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -4.8% | 0.75% | −0.12 |
| DIREXION DLY S&P 500 BEAR 3X | Sold out | 0.00% | −0.12 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -13.0% | 0.65% | −0.11 |
| V Visa Inc. Class A | Reduce -0.1% | 0.67% | −0.10 |
| VZ Verizon Communications Inc. | Reduce -1.1% | 0.99% | −0.10 |
| SBUX Starbucks Corp. | Reduce -0.1% | 0.48% | −0.10 |
| PFE Pfizer Inc. | Reduce -9.4% | 0.58% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 0.48% | −0.09 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.09 |
| DFEV Dimensional Emrg MRKT Val | Sold out | 0.00% | −0.09 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -16.6% | 0.32% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.2% | 0.88% | −0.08 |
| TGT Target Corp. | Sold out | 0.00% | −0.08 |
| AGG iShares Core U.S. Aggregate | Reduce -2.3% | 0.65% | −0.08 |
| T AT&T Inc. | Reduce -0.6% | 0.55% | −0.08 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.08 |
| PYPL PayPal Holdings Inc. | Reduce -0.0% | 0.32% | −0.07 |
| SVIX -1X Short Vix Futures ETF | Sold out | 0.00% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -8.1% | 0.26% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -21.2% | 0.12% | −0.06 |
| GSK GSK PLC-Spon ADR | Reduce -22.9% | 0.20% | −0.06 |
| FBND Fidelity Total Bond ETF | Reduce -17.7% | 0.17% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.1% | 0.81% | −0.05 |
| DFSV Dimensional US Small Cap Val | Reduce -17.5% | 0.19% | −0.05 |
| BND Vanguard Total Bond Market | Reduce -8.8% | 0.20% | −0.04 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -3.4% | 0.24% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -0.3% | 0.35% | −0.03 |
| DISV Dimensional International SM | Reduce -20.8% | 0.11% | −0.03 |
| F Ford Motor Co. | Reduce -10.9% | 0.21% | −0.03 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.9% | 0.23% | −0.02 |
| XLE SS Energy Select Sector | Reduce -0.8% | 0.35% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -16.8% | 0.08% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -6.2% | 0.17% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -2.7% | 0.08% | −0.01 |
| EQNR Equinor ASA-Spon ADR | Reduce -2.5% | 0.07% | −0.01 |
| XYZ Block Inc. | Reduce -5.6% | 0.11% | −0.01 |
| IYH iShares U.S. Healthcare ETF | Reduce -4.0% | 0.09% | −0.01 |
| VFMO Vanguard US Momentum Factor | Reduce -3.8% | 0.22% | −0.01 |
| BXP BXP Inc. | Reduce -5.2% | 0.13% | −0.01 |
| DVN Devon Energy Corp. | Reduce -1.6% | 0.34% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| TSLA Tesla Inc. | Add +100.4% | 3.34% | +2.02 |
| SPXS Dirx Dai S&P500 B 3X ETF-Usd | New | 0.56% | +0.56 |
| UNH Unitedhealth Group Inc. | Add +59.6% | 0.65% | +0.24 |
| BE Bloom Energy Corp. Class A | New | 0.22% | +0.22 |
| LLY Eli Lilly & Co. | Add +64.5% | 0.29% | +0.09 |
| FISV Fiserv Inc. | New | 0.08% | +0.08 |
| INTC Intel Corp. | New | 0.07% | +0.07 |
| AOA iShares Core 80/20 Aggressiv | New | 0.07% | +0.07 |
| OKLO Oklo Inc. | New | 0.07% | +0.07 |
| FAST Fastenal Co. | New | 0.07% | +0.07 |
| SCHD Schwab US DVD Equity ETF | New | 0.07% | +0.07 |
| WEC WEC Energy Group Inc. | New | 0.07% | +0.07 |
| IWF iShares Russell 1000 Growth | New | 0.07% | +0.07 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.07% | +0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.07% | +0.07 |
| GILD Gilead Sciences Inc. | New | 0.07% | +0.07 |
| IJH iShares Core S&P Midcap ETF | New | 0.07% | +0.07 |
| MESO Mesoblast Ltd.- Spon ADR | Add +0.4% | 0.26% | +0.07 |
| ORCL Oracle Corp. | Add +2.5% | 0.36% | +0.06 |
| SRE Sempra | Add +0.3% | 0.74% | +0.05 |
| SHOP Shopify Inc. Class A | Add +0.6% | 0.33% | +0.05 |
| JNJ Johnson & Johnson | Add +1.9% | 0.39% | +0.04 |
| VALE Vale SA-SP ADR | New | 0.04% | +0.04 |
| GLD SPDR Gold Shares | Add +0.7% | 0.33% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.6% | 0.16% | +0.01 |
| GEV GE Vernova Inc. | Add +4.2% | 0.11% | +0.01 |
| SPG Simon Property Group Inc. | Add +0.0% | 0.18% | +0.01 |
| MO Altria Group Inc. | Add +0.2% | 0.41% | +0.01 |
| LAZRQ Luminar Technologies Inc. | New | 0.01% | +0.01 |
| BX Blackstone Inc. | Add +4.5% | 0.09% | +0.01 |
| XEL Xcel Energy Inc. | Add +0.2% | 0.10% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.3% | 0.33% | +0.01 |
| HD Home Depot Inc. | Add +2.1% | 0.27% | +0.01 |
| VOD Vodafone Group PLC-SP ADR | Add +4.1% | 0.13% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.4% | 0.27% | +0.00 |
| GNL Global Net Lease Inc. | Add +2.8% | 0.07% | 0.00 |
| BFLY Butterfly Network Inc. | Add +10.7% | 0.02% | −0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.3% | 0.10% | −0.00 |
| PEP Pepsico Inc. | Add +0.5% | 0.08% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +0.4% | 0.10% | −0.00 |
| VXUS Vanguard Total Intl Stock | Add +0.5% | 0.10% | −0.00 |
| CVX Chevron Corp. | Add +1.1% | 0.36% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.1% | 0.24% | −0.00 |
| IBIT iShares Bitcoin Trust ETF | Add +0.6% | 0.12% | −0.00 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +0.0% | 0.66% | −0.01 |
| DUK Duke Energy Corp. | Add +0.8% | 0.11% | −0.01 |
| MRK Merck & Co. Inc. | Add +0.8% | 0.14% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.0% | 0.13% | −0.01 |
| SHW The Sherwin-Williams Co. | Add +2.3% | 0.08% | −0.01 |
| GERN Geron Corp. | Add +1.0% | 0.05% | −0.01 |
Notes & Other Activity Q2 2025 → Q3 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 29,825 | $2.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 185 | $321.6M | AAPL, NVDA, GOOGL, META, AMZN |
| Q1 2026 | 173 | $285.3M | AAPL, META, NVDA, AMZN, GOOGL |
| Q4 2025Amended | 164 | $295.5M | AAPL, META, NVDA, AMZN, GOOGL |
| Q3 2025 | 165 | $294.2M | AAPL, META, NVDA, UBER, AMZN |
| Q2 2025 | 155 | $265.6M | AAPL, META, UBER, AMZN, NVDA |
| Q1 2025 | 155 | $244.6M | AAPL, META, AMZN, UBER, NVDA |
| Q4 2024 | 153 | $250.9M | AAPL, META, AMZN, NVDA, UBER |
| Q3 2024 | 159 | $233.8M | AAPL, META, UBER, AMZN, NVDA |
| Q2 2024 | 144 | $221.8M | AAPL, META, AMZN, UBER, GOOGL |
| Q1 2024 | 127 | $184.1M | AAPL, META, UBER, AMZN, DIS |