Lazari Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Lazari Capital Management, Inc. reported 164 stock positions worth $295.5 million. Its top holding was Apple (AAPL) at 14.3% of the portfolio, followed by Meta Platforms Class A (META, 7.4%) and Nvidia (NVDA, 5.9%). Compared with Q3 2025, it opened 8 new positions, sold out of 9, added to 54 and reduced 75. The biggest buy was Verizon Communications (VZ, shares +48%) and the biggest sale Nvidia (NVDA, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- WOODLAND HILLS, CA
- CIK
- 0001986389
- Portfolio Value
- $295.5M (Q4 2025)
- SEC Filing
- 0001986389-26-000002 ↗ filed Jan 29, 2026
Holdings Value
Holdings 164 stocks · $295.5M
| AAPL Apple Inc. | 14.29% | 155,321 | $42.2M | Reduce -2.6% |
| META Meta Platforms Inc. Class A | 7.40% | 33,110 | $21.9M | No change |
| NVDA Nvidia Corp. | 5.93% | 93,933 | $17.5M | Reduce -7.8% |
| AMZN Amazon.com Inc. | 5.80% | 74,205 | $17.1M | Reduce -3.7% |
| GOOGL Alphabet Inc. Class A | 5.66% | 53,418 | $16.7M | Reduce -2.2% |
| UBER Uber Technologies Inc. | 5.15% | 186,262 | $15.2M | Add +4.7% |
| TSLA Tesla Inc. | 3.35% | 22,032 | $9.9M | Reduce -0.4% |
| MSFT Microsoft Corp. | 2.68% | 16,366 | $7.9M | Reduce -0.4% |
| BA The Boeing Co. | 2.38% | 32,391 | $7.0M | Add +2.1% |
| BP BP PLC-Spons ADR | 2.34% | 198,730 | $6.9M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.27% | 59,010 | $6.7M | Reduce -5.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.70% | 91,317 | $5.0M | Reduce -1.4% |
| AMD Advanced Micro Devices | 1.56% | 21,543 | $4.6M | Reduce -9.3% |
| VZ Verizon Communications Inc. | 1.36% | 98,466 | $4.0M | Add +48.4% |
| ABBV Abbvie Inc. | 1.25% | 16,194 | $3.7M | Add +0.0% |
| AVGO Broadcom Inc. | 1.24% | 10,591 | $3.7M | Reduce -2.8% |
| NFLX Netflix Inc. | 1.17% | 36,807 | $3.5M | Reduce -2.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.14% | 10,037 | $3.4M | Reduce -8.3% |
| JPM JPMorgan Chase & Co. | 0.94% | 8,638 | $2.8M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 3,853 | $2.6M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.82% | 20,169 | $2.4M | Reduce -4.9% |
| STIP iShares 0-5 Year Tips Bond E | 0.73% | 21,063 | $2.2M | Reduce -0.9% |
| SRE Sempra | 0.73% | 24,300 | $2.1M | Add +0.0% |
| IVV iShares Core S&P 500 ETF | 0.69% | 2,979 | $2.0M | Add +3.2% |
| UNH Unitedhealth Group Inc. | 0.69% | 6,145 | $2.0M | Add +11.2% |
| V Visa Inc. Class A | 0.68% | 5,756 | $2.0M | Reduce -0.5% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.67% | 4,800 | $2.0M | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.66% | 3,185 | $2.0M | Add +0.2% |
| AGG iShares Core U.S. Aggregate | 0.64% | 19,022 | $1.9M | Add +0.3% |
| WFC Wells Fargo & Co. | 0.60% | 19,127 | $1.8M | Add +0.1% |
| PFE Pfizer Inc. | 0.58% | 68,270 | $1.7M | Add +1.4% |
| COST Costco Wholesale Corp. | 0.54% | 1,856 | $1.6M | Add +21.9% |
| AXP American Express Co. | 0.50% | 4,020 | $1.5M | Add +0.3% |
| WMT Walmart Inc. | 0.49% | 13,039 | $1.5M | Reduce -0.8% |
| VYM Vanguard High DVD Yield ETF | 0.49% | 10,009 | $1.4M | Reduce -8.5% |
| SBUX Starbucks Corp. | 0.48% | 16,972 | $1.4M | Add +1.7% |
| T AT&T Inc. | 0.47% | 55,554 | $1.4M | Reduce -2.3% |
| CRM Salesforce Inc. | 0.46% | 5,172 | $1.4M | Reduce -4.6% |
| C Citigroup Inc. | 0.44% | 11,141 | $1.3M | Reduce -1.0% |
| WYNN WYNN Resorts Ltd. | 0.43% | 10,562 | $1.3M | Reduce -1.8% |
| JNJ Johnson & Johnson | 0.43% | 6,134 | $1.3M | Reduce -1.9% |
| BABA Alibaba Group Holding-SP ADR | 0.41% | 8,257 | $1.2M | Reduce -2.3% |
| LLY Eli Lilly & Co. | 0.41% | 1,122 | $1.2M | No change |
| COP Conocophillips | 0.40% | 12,692 | $1.2M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 0.38% | 3,535 | $1.1M | No change |
| ORCL Oracle Corp. | 0.37% | 5,575 | $1.1M | Add +47.4% |
| MO Altria Group Inc. | 0.36% | 18,486 | $1.1M | Add +0.2% |
| GS Goldman Sachs Group Inc. | 0.36% | 1,206 | $1.1M | Add +0.3% |
| GLD SPDR Gold Shares | 0.35% | 2,643 | $1.0M | Reduce -1.9% |
| CVX Chevron Corp. | 0.35% | 6,851 | $1.0M | Add +1.3% |
| MA Mastercard Inc. Class A | 0.34% | 1,768 | $1.0M | Reduce -1.1% |
| XLE SS Energy Select Sector | 0.34% | 22,505 | $1.0M | Reduce -2.7% |
| DVN Devon Energy Corp. | 0.34% | 27,327 | $1.0M | Reduce -4.8% |
| BMY Bristol-Myers Squibb Co. | 0.30% | 16,473 | $889K | Reduce -1.9% |
| SHOP Shopify Inc. Class A | 0.30% | 5,450 | $877K | Reduce -16.5% |
| MS Morgan Stanley | 0.29% | 4,907 | $871K | Reduce -1.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 9,679 | $866K | Reduce -9.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 1,676 | $843K | Add +4.2% |
| RTX RTX Corp. | 0.28% | 4,566 | $837K | Add +0.0% |
| MESO Mesoblast Ltd.- Spon ADR | 0.28% | 46,121 | $832K | Reduce -1.2% |
| GE General Electric filed as GE AEROSPACE | 0.27% | 2,579 | $794K | Reduce -1.3% |
| PYPL PayPal Holdings Inc. | 0.26% | 13,166 | $769K | Reduce -5.6% |
| CAT Caterpillar Inc. | 0.26% | 1,335 | $765K | Reduce -0.6% |
| VMC Vulcan Materials Co. | 0.26% | 2,673 | $762K | No change |
| AMGN Amgen Inc. | 0.25% | 2,243 | $734K | Reduce -0.6% |
| MAR Marriott International Class A | 0.24% | 2,327 | $722K | Reduce -1.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.24% | 13,579 | $718K | No change |
| IJR iShares Core S&P Small-Cap E | 0.24% | 5,901 | $709K | Add +1.4% |
| SPXS Dirx Dai S&P500 B 3X ETF-Usd | 0.23% | 19,300 | $685K | Reduce -55.9% |
| F Ford Motor Co. filed as FORD MTR CO | 0.23% | 51,218 | $672K | Reduce -2.3% |
| HD Home Depot Inc. | 0.23% | 1,938 | $667K | Reduce -0.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.22% | 5,956 | $656K | Add +0.3% |
| TRGP Targa Resources Corp. | 0.22% | 3,466 | $640K | Add +0.4% |
| GSK GSK PLC-Spon ADR | 0.22% | 13,001 | $638K | Reduce -6.5% |
| SCHW Schwab (charles) Corp. | 0.21% | 6,332 | $633K | Add +0.3% |
| PLTR Palantir Technologies Inc. Class A | 0.21% | 3,487 | $620K | Add +2.2% |
| MRK Merck & Co. Inc. | 0.21% | 5,806 | $611K | Add +15.6% |
| VOO Vanguard S&P 500 ETF | 0.20% | 959 | $601K | Add +19.9% |
| VFMO Vanguard US Momentum Factor | 0.20% | 3,083 | $590K | Reduce -10.7% |
| MCD McDonald's Corp. | 0.19% | 1,842 | $563K | Add +0.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.19% | 1,829 | $556K | No change |
| BE Bloom Energy Corp. Class A | 0.19% | 6,394 | $556K | Reduce -16.0% |
| IBIT iShares Bitcoin Trust ETF | 0.18% | 10,924 | $542K | Add +106.9% |
| BND Vanguard Total Bond Market | 0.18% | 7,184 | $532K | Reduce -8.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.18% | 493 | $527K | Add +1.2% |
| DFSV Dimensional US Small Cap Val | 0.17% | 15,725 | $517K | Reduce -10.1% |
| ARCC Ares Capital Corp. | 0.17% | 24,650 | $499K | New |
| VHT Vanguard Health Care ETF | 0.17% | 1,697 | $489K | Add +0.5% |
| SPG Simon Property Group Inc. | 0.17% | 2,636 | $488K | Reduce -4.0% |
| SLV iShares Silver Trust | 0.16% | 7,493 | $483K | No change |
| CVBF CVB Financial Corp. | 0.15% | 24,376 | $453K | No change |
| FBND Fidelity Total Bond ETF | 0.15% | 9,797 | $451K | Reduce -9.7% |
| VOD Vodafone Group PLC-SP ADR | 0.15% | 33,641 | $444K | Add +0.7% |
| OXY Occidental Petroleum Corp. | 0.15% | 10,565 | $434K | Reduce -0.5% |
| LRCX Lam Research Corp. | 0.14% | 2,438 | $417K | Add +1.3% |
| PM Philip Morris International | 0.14% | 2,588 | $415K | Reduce -0.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.14% | 5,466 | $402K | Add +0.1% |
| XHR Xenia Hotels & Resorts Inc. | 0.14% | 28,268 | $400K | Reduce -2.7% |
| MCK McKesson Corp. | 0.13% | 485 | $398K | Add +1.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 1,294 | $383K | Add +0.5% |
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 | 30,775 | $2.1M | Add +3.2% |
Total filed on the 13F, all lines: $297.7M.
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -7.8% | 5.93% | −0.53 |
| NFLX Netflix Inc. | Reduce -2.5% | 1.17% | −0.37 |
| SPXS Dirx Dai S&P500 B 3X ETF-Usd | Reduce -55.9% | 0.23% | −0.33 |
| MSFT Microsoft Corp. | Reduce -0.4% | 2.68% | −0.22 |
| DIS The Walt Disney Co. | Reduce -5.2% | 2.27% | −0.15 |
| BABA Alibaba Group Holding-SP ADR | Reduce -2.3% | 0.41% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -8.3% | 1.14% | −0.08 |
| UBRL Granite 2X Long Uber ETF | Sold out | 0.00% | −0.08 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.08 |
| T AT&T Inc. | Reduce -2.3% | 0.47% | −0.08 |
| OKLO Oklo Inc. | Sold out | 0.00% | −0.07 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.07 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.07 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.07 |
| EQNR Equinor ASA-Spon ADR | Sold out | 0.00% | −0.07 |
| PYPL PayPal Holdings Inc. | Reduce -5.6% | 0.26% | −0.06 |
| HD Home Depot Inc. | Reduce -0.9% | 0.23% | −0.04 |
| WYNN WYNN Resorts Ltd. | Reduce -1.8% | 0.43% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -8.5% | 0.49% | −0.04 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -16.5% | 0.30% | −0.03 |
| BE Bloom Energy Corp. Class A | Reduce -16.0% | 0.19% | −0.03 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -9.9% | 0.29% | −0.03 |
| BXP BXP Inc. | Reduce -10.8% | 0.11% | −0.03 |
| VFMO Vanguard US Momentum Factor | Reduce -10.7% | 0.20% | −0.03 |
| XYZ Block Inc. | Reduce -13.3% | 0.08% | −0.02 |
| OXY Occidental Petroleum Corp. | Reduce -0.5% | 0.15% | −0.02 |
| BND Vanguard Total Bond Market | Reduce -8.4% | 0.18% | −0.02 |
| FBND Fidelity Total Bond ETF | Reduce -9.7% | 0.15% | −0.02 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -0.9% | 0.73% | −0.02 |
| EME Emcor Group Inc. | Reduce -5.4% | 0.11% | −0.01 |
| DFSV Dimensional US Small Cap Val | Reduce -10.1% | 0.17% | −0.01 |
| COP Conocophillips | Reduce -1.9% | 0.40% | −0.01 |
| HON Honeywell International Inc. | Reduce -9.1% | 0.07% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -12.8% | 0.08% | −0.01 |
| IMTM iShares MSCI Intl Momentum F | Reduce -14.8% | 0.07% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 0.12% | −0.01 |
| XLE SS Energy Select Sector | Reduce -2.7% | 0.34% | −0.01 |
| BX Blackstone Inc. | Reduce -0.8% | 0.08% | −0.01 |
| SPG Simon Property Group Inc. | Reduce -4.0% | 0.17% | −0.01 |
| SO The Southern Co. | Reduce -1.0% | 0.09% | −0.01 |
| DISV Dimensional International SM | Reduce -13.1% | 0.10% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -10.8% | 0.07% | −0.01 |
| DUK Duke Energy Corp. | Reduce -1.5% | 0.10% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -8.4% | 0.09% | −0.01 |
| LAZRQ Luminar Technologies Inc. | Sold out | 0.00% | −0.01 |
| GERN Geron Corp. | Reduce -8.7% | 0.04% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -1.1% | 0.34% | −0.00 |
| PM Philip Morris International | Reduce -0.7% | 0.14% | −0.00 |
| DVN Devon Energy Corp. | Reduce -4.8% | 0.34% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| VZ Verizon Communications Inc. | Add +48.4% | 1.36% | +0.37 |
| ARCC Ares Capital Corp. | New | 0.17% | +0.17 |
| DEO Diageo PLC-Sponsored ADR | New | 0.12% | +0.12 |
| XLK SS Technology Select Sector | New | 0.11% | +0.11 |
| MU Micron Technology Inc. | New | 0.08% | +0.08 |
| FCX Freeport-McMoran Inc. | New | 0.07% | +0.07 |
| FDX FedEx Corp. | New | 0.07% | +0.07 |
| TGT Target Corp. | New | 0.07% | +0.07 |
| MLI Mueller Industries Inc. | New | 0.07% | +0.07 |
| IBIT iShares Bitcoin Trust ETF | Add +106.9% | 0.18% | +0.07 |
| MRK Merck & Co. Inc. | Add +15.6% | 0.21% | +0.06 |
| COST Costco Wholesale Corp. | Add +21.9% | 0.54% | +0.06 |
| WFC Wells Fargo & Co. | Add +0.1% | 0.60% | +0.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +85.5% | 0.13% | +0.06 |
| BA The Boeing Co. | Add +2.1% | 2.38% | +0.05 |
| AXP American Express Co. | Add +0.3% | 0.50% | +0.05 |
| FISV Fiserv Inc. | Add +195.6% | 0.13% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +11.2% | 0.69% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +19.9% | 0.20% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +3.2% | 0.69% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +0.3% | 0.36% | +0.03 |
| LRCX Lam Research Corp. | Add +1.3% | 0.14% | +0.03 |
| RTX RTX Corp. | Add +0.0% | 0.28% | +0.02 |
| TRGP Targa Resources Corp. | Add +0.4% | 0.22% | +0.02 |
| VOD Vodafone Group PLC-SP ADR | Add +0.7% | 0.15% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.2% | 0.18% | +0.02 |
| VHT Vanguard Health Care ETF | Add +0.5% | 0.17% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 0.66% | +0.01 |
| GEV GE Vernova Inc. | Add +4.0% | 0.13% | +0.01 |
| IYH iShares U.S. Healthcare ETF | Add +1.5% | 0.11% | +0.01 |
| GILD Gilead Sciences Inc. | Add +5.4% | 0.08% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.2% | 0.29% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +0.3% | 0.21% | +0.01 |
| MCK McKesson Corp. | Add +1.5% | 0.13% | +0.01 |
| INTC Intel Corp. | Add +1.0% | 0.08% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.5% | 0.13% | +0.01 |
| ORCL Oracle Corp. | Add +47.4% | 0.37% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +7.2% | 0.07% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +1.4% | 0.24% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +1.8% | 0.10% | +0.00 |
| SBUX Starbucks Corp. | Add +1.7% | 0.48% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.1% | 0.14% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.5% | 0.11% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1.0% | 0.10% | +0.00 |
| PEP Pepsico Inc. | Add +0.3% | 0.08% | +0.00 |
| MCD McDonald's Corp. | Add +0.6% | 0.19% | +0.00 |
| XLF SS Financial Select Sector | Add +0.0% | 0.08% | +0.00 |
| IEF iShares 7-10 Year Treasury B | Add +0.3% | 0.09% | −0.00 |
| UNP Union Pacific Corp. | Add +0.7% | 0.07% | −0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +2.2% | 0.21% | −0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +3.2% | 30,775 | $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 |