Lepercq De Neuflize Asset Management LLC In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 20, 2026), Lepercq De Neuflize Asset Management LLC reported 8 stock positions worth $174.7 million . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 45.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 27.3% ) and iShares MSCI Eafe ETF (EFA, 25.6% ). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 3 and reduced 1. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +0% ) and the biggest sale an exit from Magnachip Semiconductor (MX).
Location NEW YORK, NY
CIK 0001854423
Portfolio Value $174.7M (Q4 2025) Holdings 8 stocks · $174.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 SPY SS SPDR S&P 500 ETF Trust-US 115,245 $78.6M No change VOO Vanguard S&P 500 ETF 75,989 $47.7M Add +0.3% EFA iShares MSCI Eafe ETF 466,000 $44.7M No change QRVO Qorvo Inc. 18,700 $1.6M No change CTWO Cotwo Physical Eua Trust filed as COTWO ADVISORS PHYSICAL EURO 66,235 $1.3M Reduce -16.9% SVCO Silvaco Group Inc. 88,083 $357K New CLAR Clarus Corp. 68,400 $229K Add +106.0% WETH Wetouch Technology Inc. 133,908 $179K Add +71.8%
Other holdings (9): bonds, preferreds, convertibles and warrants · $244K (not counted above) Security Class Shares / Principal Value Change OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 370,000 $81K New PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 266,000 $69K New CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 121,237 $36K New GTERW Globa Terra Acquisition - 30 *W EXP 06/17/203 167,348 $21K New LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 40,000 $11K New BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 25,000 $9K New SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 24,960 $7K New NOEMW CO2 Energy Transition -28 *W EXP 08/17/202 33,953 $6K New FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 11,679 $3K New
Total filed on the 13F, all lines: $174.9M.
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ MX Magnachip Semiconductor Corp. Sold out 0.00% −1.86 CTWO Cotwo Physical Eua Trust Reduce -16.9% 0.75% −0.07 LVTX Lava Therapeutics NV Sold out 0.00% −0.03
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ VOO Vanguard S&P 500 ETF Add +0.3% 27.29% +0.51 SVCO Silvaco Group Inc. New 0.20% +0.20 CLAR Clarus Corp. Add +106.0% 0.13% +0.06 WETH Wetouch Technology Inc. Add +71.8% 0.10% +0.05
Notes & Other Activity Q3 2025 → Q4 2025 Security Class Change vs Q3 2025 Shares / Principal Value ▼ OBAWW Oxley Bridge Acq Ltd. -30 *W EXP 06/17/203 New 370,000 $81K PACHW Pioneer Acquisition I Corp. *W EXP 06/16/203 New 266,000 $69K CCAQW Dune Acquisition Corp. II -30 *W EXP 04/04/203 New 121,237 $36K GTERW Globa Terra Acquisition - 30 *W EXP 06/17/203 New 167,348 $21K LWACW Lightwave Acquisition Corp. *W EXP 06/06/203 New 40,000 $11K BCARW D Boral Arc Acquisition - 30 *W EXP 07/23/203 New 25,000 $9K SOCAW Solarius Capital Acqui -30 *W EXP 07/10/203 New 24,960 $7K NOEMW CO2 Energy Transition -28 *W EXP 08/17/202 New 33,953 $6K FIGXW Figx Capital Acquisition Cor *W EXP 06/17/203 New 11,679 $3K
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 11 $156.6M SPY, VOO, EFA, CTWO, QRVO Q1 2026 Amended 10 $137.5M SPY, VOO, EFA, CTWO, SVCO Q4 2025 Amended 8 $174.7M SPY, VOO, EFA, QRVO, CTWO Q3 2025 9 $173.3M SPY, VOO, EFA, MX, QRVO Q2 2025 9 $114.5M SPY, EFA, QRVO, XYLO, CLAR Q1 2025 13 $103.3M SPY, EFA, LFCR, XYLO, WETH Q4 2024 13 $139.5M SPY, EFA, QQQ, ACWI, LFCR