Lester Murray Antman dba SimplyRich
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Lester Murray Antman dba SimplyRich reported 214 stock positions worth $345.6 million. Its top holding was Apple (AAPL) at 7.0% of the portfolio, followed by iShares MSCI USA Min Vol Fac (USMV, 5.7%) and iShares MSCI Eafe Min Vol Fa (EFAV, 4.6%). Compared with Q4 2024, it opened 7 new positions, sold out of 9, added to 56 and reduced 45. The biggest buy was iShares MSCI USA Min Vol Fac (USMV, shares +13%) and the biggest sale Alphabet Class C (GOOG, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- CARLSBAD, CA
- CIK
- 0001725888
- Portfolio Value
- $345.6M (Q1 2025)
- SEC Filing
- 0001842974-25-000009 ↗ filed May 9, 2025
Holdings Value
Holdings 214 stocks · $345.6M
| AAPL Apple Inc. | 6.98% | 108,554 | $24.1M | Reduce -0.1% |
| USMV iShares MSCI USA Min Vol Fac | 5.74% | 211,915 | $19.8M | Add +12.6% |
| EFAV iShares MSCI Eafe Min Vol Fa | 4.59% | 203,486 | $15.9M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 4.48% | 99,177 | $15.5M | Reduce -0.1% |
| EEMV iShares MSCI Emg MKT Min Vol | 4.35% | 257,474 | $15.0M | Reduce -1.0% |
| MSFT Microsoft Corp. | 2.85% | 26,262 | $9.9M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 2.76% | 61,747 | $9.5M | No change |
| V Visa Inc. Class A | 2.39% | 23,552 | $8.3M | No change |
| UNH Unitedhealth Group Inc. | 2.30% | 15,169 | $7.9M | No change |
| HD Home Depot Inc. | 1.81% | 17,071 | $6.3M | Reduce -0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.74% | 86,606 | $6.0M | Add +0.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.68% | 34,895 | $5.8M | No change |
| RSP Invesco S&P 500 Equal Weight | 1.31% | 26,084 | $4.5M | Add +0.2% |
| REET iShares Global REIT ETF | 1.24% | 176,521 | $4.3M | Reduce -31.7% |
| CI The Cigna Group | 1.19% | 12,504 | $4.1M | No change |
| RELX Relx PLC - Spon ADR | 1.18% | 81,000 | $4.1M | Reduce -0.0% |
| WMT Walmart Inc. | 1.16% | 45,792 | $4.0M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.12% | 7,278 | $3.9M | No change |
| MCK McKesson Corp. | 1.01% | 5,191 | $3.5M | No change |
| MCD McDonald's Corp. | 0.98% | 10,857 | $3.4M | Reduce -0.4% |
| GIB Cgi Inc. | 0.85% | 29,537 | $2.9M | Reduce -2.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.82% | 23,358 | $2.8M | No change |
| AMGN Amgen Inc. | 0.82% | 9,095 | $2.8M | No change |
| MA Mastercard Inc. Class A | 0.82% | 5,162 | $2.8M | No change |
| ELV Elevance Health Inc. | 0.80% | 6,341 | $2.8M | Add +1.5% |
| SCCO Southern Copper Corp. | 0.77% | 28,367 | $2.7M | Add +0.7% |
| ACN Accenture PLC Class A | 0.73% | 8,088 | $2.5M | No change |
| VIPS Vipshop Holdings Ltd. - ADR | 0.69% | 151,174 | $2.4M | Add +0.0% |
| RACE Ferrari NV | 0.66% | 5,320 | $2.3M | Add +0.0% |
| MSI Motorola Solutions Inc. | 0.65% | 5,155 | $2.3M | Reduce -1.3% |
| CSCO Cisco Systems Inc. | 0.63% | 35,195 | $2.2M | Add +0.1% |
| CME Cme Group Inc. | 0.63% | 8,172 | $2.2M | No change |
| SHEL Shell PLC-ADR | 0.62% | 29,415 | $2.2M | Add +10.7% |
| AMZN Amazon.com Inc. | 0.62% | 11,280 | $2.1M | No change |
| CB Chubb Ltd. | 0.61% | 6,949 | $2.1M | No change |
| RBA RB Global Inc. | 0.60% | 20,839 | $2.1M | No change |
| FISV Fiserv Inc. | 0.60% | 9,418 | $2.1M | No change |
| ICE Intercontinental Exchange Inc. | 0.59% | 11,895 | $2.1M | No change |
| COST Costco Wholesale Corp. | 0.58% | 2,127 | $2.0M | Add +0.1% |
| NVS Novartis AG-Sponsored ADR | 0.57% | 17,776 | $2.0M | Add +11.9% |
| SAP Sap SE-Sponsored ADR | 0.57% | 7,375 | $2.0M | No change |
| PCAR Paccar Inc. | 0.55% | 19,607 | $1.9M | Reduce -1.0% |
| RTX RTX Corp. | 0.54% | 14,216 | $1.9M | No change |
| ADP Automatic Data Processing | 0.54% | 6,152 | $1.9M | No change |
| UL Unilever PLC | 0.54% | 31,531 | $1.9M | Reduce -9.3% |
| AFL Aflac Inc. | 0.54% | 16,693 | $1.9M | Add +0.8% |
| LVMUY LVMH Moet Hennessy-Unsp ADR | 0.53% | 14,800 | $1.8M | No change |
| ACWV iShares MSCI Global Min Vol | 0.53% | 15,671 | $1.8M | Add +4.0% |
| CMCSA Comcast Corp. Class A | 0.53% | 49,276 | $1.8M | Reduce -5.3% |
| CNI Canadian Natl Railway Co. | 0.53% | 18,633 | $1.8M | Add +1.0% |
| TM Toyota Motor Corp. -Spon ADR | 0.50% | 9,734 | $1.7M | Add +0.0% |
| TGS Transportador Gas-ADR SP B | 0.49% | 64,518 | $1.7M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.46% | 2 | $1.6M | No change |
| NKE Nike Inc. Class B | 0.46% | 24,840 | $1.6M | Reduce -1.7% |
| NOC Northrop Grumman Corp. | 0.45% | 3,067 | $1.6M | No change |
| TTWO Take-Two Interactive Softwre | 0.45% | 7,560 | $1.6M | No change |
| MRSH Marsh & McLennan Cos | 0.44% | 6,242 | $1.5M | No change |
| FDX FedEx Corp. | 0.44% | 6,246 | $1.5M | No change |
| PNC PNC Financial Services Group | 0.42% | 8,255 | $1.4M | No change |
| LMT Lockheed Martin Corp. | 0.41% | 3,150 | $1.4M | Add +15.6% |
| VNQ Vanguard Real Estate ETF | 0.40% | 15,344 | $1.4M | No change |
| MU Micron Technology Inc. | 0.40% | 15,900 | $1.4M | No change |
| EBAY eBay Inc. | 0.38% | 19,220 | $1.3M | No change |
| RSG Republic Services Inc. | 0.37% | 5,215 | $1.3M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.36% | 1,903 | $1.3M | No change |
| AVGO Broadcom Inc. | 0.36% | 7,486 | $1.3M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.36% | 17,033 | $1.3M | Add +0.6% |
| IMO Imperial Oil Ltd. | 0.36% | 17,266 | $1.2M | No change |
| BN Brookfield Corp. | 0.36% | 23,569 | $1.2M | No change |
| PYPL PayPal Holdings Inc. | 0.36% | 18,920 | $1.2M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 4,942 | $1.2M | Add +0.0% |
| TRI Thomson Reuters Corp. | 0.35% | 7,074 | $1.2M | No change |
| GRMN Garmin Ltd. | 0.34% | 5,402 | $1.2M | Add +0.0% |
| PG The Procter & Gamble Co. | 0.34% | 6,854 | $1.2M | Reduce -0.8% |
| MDLZ Mondelez International Inc. Class A | 0.33% | 16,631 | $1.1M | Add +10.4% |
| ITW Illinois Tool Works | 0.31% | 4,267 | $1.1M | No change |
| NTTYY NTT Inc. - ADR filed as NIPPON TEL & TEL CORP ADR | 0.31% | 43,832 | $1.1M | Reduce -13.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 10,610 | $1.0M | Reduce -9.8% |
| LIN Linde PLC | 0.30% | 2,206 | $1.0M | Add +1.5% |
| RWO State Street SPDR Dow Jones | 0.29% | 23,237 | $1.0M | No change |
| JCI Johnson Controls Internation | 0.29% | 12,603 | $1.0M | No change |
| WIT Wipro Ltd.-ADR | 0.29% | 325,598 | $996K | Reduce -11.6% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.28% | 10,765 | $982K | No change |
| ABBNY Abb Ltd.-Spon ADR | 0.27% | 18,073 | $942K | No change |
| COOP Mr Cooper Group Inc. | 0.27% | 7,832 | $936K | No change |
| INFY Infosys Ltd.-SP ADR | 0.27% | 51,112 | $932K | Reduce -18.1% |
| UNP Union Pacific Corp. | 0.27% | 3,936 | $929K | Reduce -0.6% |
| NGG National Grid PLC-SP ADR | 0.27% | 13,997 | $918K | Reduce -11.8% |
| KO The Coca-Cola Co. | 0.26% | 12,566 | $899K | Reduce -1.2% |
| SRE Sempra | 0.26% | 12,511 | $892K | Reduce -9.2% |
| LYB Lyondellbasell Indu Class A | 0.25% | 12,254 | $862K | No change |
| RZV Invesco S&P Smallcap 600 Pur | 0.25% | 8,622 | $852K | Add +0.1% |
| CHKP Check Point Software Tech | 0.24% | 3,608 | $822K | Add +0.1% |
| LOGI Logitech International-Reg | 0.23% | 9,539 | $805K | No change |
| PEP Pepsico Inc. | 0.23% | 5,281 | $791K | No change |
| PSO Pearson PLC-Sponsored ADR | 0.22% | 47,975 | $768K | Add +0.0% |
| SONY Sony Group Corp. - SP ADR | 0.21% | 29,067 | $738K | Add +0.0% |
| WM Waste Management Inc. | 0.21% | 3,178 | $735K | Add +0.0% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.20% | 12,336 | $708K | Add +0.0% |
| WTW Willis Towers Watson PLC | 0.20% | 2,082 | $703K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 4.48% | −0.91 |
| AAPL Apple Inc. | Reduce -0.1% | 6.98% | −0.79 |
| REET iShares Global REIT ETF | Reduce -31.7% | 1.24% | −0.53 |
| MSFT Microsoft Corp. | Reduce -0.1% | 2.85% | −0.31 |
| TSEM Tower Semiconductor Ltd. | Sold out | 0.00% | −0.19 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.14 |
| FN Fabrinet | Sold out | 0.00% | −0.13 |
| INFY Infosys Ltd.-SP ADR | Reduce -18.1% | 0.27% | −0.12 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.12 |
| GIB Cgi Inc. | Reduce -2.8% | 0.85% | −0.10 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −0.09 |
| NKE Nike Inc. Class B | Reduce -1.7% | 0.46% | −0.09 |
| HD Home Depot Inc. | Reduce -0.2% | 1.81% | −0.09 |
| SRE Sempra | Reduce -9.2% | 0.26% | −0.09 |
| WIT Wipro Ltd.-ADR | Reduce -11.6% | 0.29% | −0.08 |
| DEO Diageo PLC-Sponsored ADR | Reduce -40.7% | 0.07% | −0.08 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.07 |
| DIS The Walt Disney Co. | Reduce -9.8% | 0.30% | −0.07 |
| SWVXX Schwa Prime Adv Money FD-Inv | Reduce -31.4% | 0.15% | −0.07 |
| OMC Omnicom Group | Sold out | 0.00% | −0.06 |
| DSGX The Descartes Systems Grp | Sold out | 0.00% | −0.06 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -24.0% | 0.11% | −0.06 |
| IQ Iqiyi Inc.-ADR | Reduce -39.8% | 0.13% | −0.06 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.06 |
| EG Everest Group Ltd. | Reduce -43.1% | 0.08% | −0.06 |
| NTTYY NTT Inc. - ADR | Reduce -13.4% | 0.31% | −0.05 |
| VTSAX VNGD Mrngst TS MK Idx FD-Adm | Reduce -18.8% | 0.15% | −0.04 |
| DELL Dell Technologies -C | Reduce -23.7% | 0.06% | −0.04 |
| MSI Motorola Solutions Inc. | Reduce -1.3% | 0.65% | −0.04 |
| PCAR Paccar Inc. | Reduce -1.0% | 0.55% | −0.04 |
| ADM Archer-Daniels-Midland Co. | Reduce -26.9% | 0.08% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -5.3% | 0.53% | −0.03 |
| BNTX Biontech SE-ADR | Reduce -3.0% | 0.07% | −0.02 |
| UL Unilever PLC | Reduce -9.3% | 0.54% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -10.5% | 0.12% | −0.02 |
| KEYS Keysight Technologies Inc. | Reduce -1.6% | 0.10% | −0.01 |
| CMBT CMB Tech NV | Reduce -0.1% | 0.09% | −0.01 |
| VOD Vodafone Group PLC-SP ADR | Reduce -15.3% | 0.08% | −0.00 |
| NGG National Grid PLC-SP ADR | Reduce -11.8% | 0.27% | −0.00 |
| SNA Snap-on Inc. | Reduce -1.4% | 0.07% | −0.00 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.5% | 0.14% | −0.00 |
| ZTO Zto Express Cayman Inc.-ADR | Reduce -1.8% | 0.06% | +0.00 |
| TSCO Tractor Supply Company | Reduce -1.4% | 0.08% | +0.00 |
| AMCR Amcor PLC | Reduce -1.7% | 0.16% | +0.00 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -0.3% | 0.15% | +0.01 |
| PG The Procter & Gamble Co. | Reduce -0.8% | 0.34% | +0.01 |
| INTC Intel Corp. | Reduce -2.0% | 0.08% | +0.01 |
| ATAT Atour Lifestyle Holdings-ADR | Reduce -1.1% | 0.19% | +0.01 |
| UNP Union Pacific Corp. | Reduce -0.6% | 0.27% | +0.01 |
| KO The Coca-Cola Co. | Reduce -1.2% | 0.26% | +0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| USMV iShares MSCI USA Min Vol Fac | Add +12.6% | 5.74% | +0.97 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +0.8% | 4.59% | +0.51 |
| SHEL Shell PLC-ADR | Add +10.7% | 0.62% | +0.15 |
| ELV Elevance Health Inc. | Add +1.5% | 0.80% | +0.14 |
| NVS Novartis AG-Sponsored ADR | Add +11.9% | 0.57% | +0.13 |
| TME Tencent Music Entertainm-ADR | New | 0.11% | +0.11 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +0.0% | 0.69% | +0.10 |
| CVS CVS Health Corp. | Add +27.9% | 0.20% | +0.10 |
| T AT&T Inc. | Add +67.4% | 0.18% | +0.10 |
| PDD PDD Holdings Inc. | Add +69.3% | 0.15% | +0.08 |
| TAK Takeda Pharmaceutic-SP ADR | Add +76.3% | 0.15% | +0.07 |
| MDLZ Mondelez International Inc. Class A | Add +10.4% | 0.33% | +0.07 |
| BEKE Ke Holdings Inc.-ADR | New | 0.07% | +0.07 |
| B Barrick Gold Corp. | New | 0.07% | +0.07 |
| VALE Vale SA-SP ADR | New | 0.07% | +0.07 |
| VICI Vici Properties Inc. | New | 0.06% | +0.06 |
| BABA Alibaba Group Holding-SP ADR | Add +0.3% | 0.16% | +0.06 |
| EXPD Expeditors Intl Wash Inc. | New | 0.06% | +0.06 |
| VZ Verizon Communications Inc. | Add +42.5% | 0.15% | +0.06 |
| NMR Nomura Holdings Inc.-Spon ADR | Add +34.8% | 0.19% | +0.06 |
| ACWV iShares MSCI Global Min Vol | Add +4.0% | 0.53% | +0.06 |
| VMNVX Vanguard Global Min Vol-Adm | New | 0.06% | +0.06 |
| BIDU Baidu Inc. - Spon ADR | Add +24.9% | 0.18% | +0.05 |
| TTE Totalenergies SE -Spon ADR | Add +19.9% | 0.16% | +0.05 |
| AFL Aflac Inc. | Add +0.8% | 0.54% | +0.05 |
| CHKP Check Point Software Tech | Add +0.1% | 0.24% | +0.05 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.6% | 0.36% | +0.05 |
| IBM Intl Business Machines Corp. | Add +0.0% | 0.36% | +0.05 |
| ENB Enbridge Inc. | Add +31.5% | 0.15% | +0.04 |
| FINV Finvolution Group-ADR | Add +0.4% | 0.13% | +0.04 |
| SONY Sony Group Corp. - SP ADR | Add +0.0% | 0.21% | +0.04 |
| LIN Linde PLC | Add +1.5% | 0.30% | +0.04 |
| SCCO Southern Copper Corp. | Add +0.7% | 0.77% | +0.03 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.63% | +0.03 |
| HSBC HSBC Holdings PLC-Spons ADR | Add +0.0% | 0.20% | +0.03 |
| WM Waste Management Inc. | Add +0.0% | 0.21% | +0.03 |
| LMT Lockheed Martin Corp. | Add +15.6% | 0.41% | +0.03 |
| COST Costco Wholesale Corp. | Add +0.1% | 0.58% | +0.03 |
| FMX Fomento Economico Mex-SP ADR | Add +1.1% | 0.15% | +0.02 |
| ORLY O'reilly Automotive Inc. | Add +2.4% | 0.11% | +0.02 |
| GRMN Garmin Ltd. | Add +0.0% | 0.34% | +0.02 |
| NTES Netease Inc.-ADR | Add +0.0% | 0.14% | +0.02 |
| DE Deere & Co. | Add +1.5% | 0.14% | +0.02 |
| MO Altria Group Inc. | Add +0.1% | 0.11% | +0.02 |
| BTI British American Tob-SP ADR | Add +2.5% | 0.09% | +0.01 |
| RACE Ferrari NV | Add +0.0% | 0.66% | +0.01 |
| FOX Fox Corp. Class B | Add +1.3% | 0.09% | +0.01 |
| LNG Cheniere Energy Inc. | Add +0.8% | 0.14% | +0.01 |
| DLS Wisdomtree Intl S/C DVD Fund | Add +0.5% | 0.15% | +0.01 |
| CHT Chunghwa Telecom LT-Spon ADR | Add +0.0% | 0.17% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 166 | $427.1M | GOOG, AAPL, GOOGL, USMV, MU |
| Q1 2026 | 233 | $390.9M | GOOG, AAPL, USMV, GOOGL, EFAV |
| Q4 2025 | 199 | $382.4M | GOOG, AAPL, USMV, GOOGL, EFAV |
| Q3 2025 | 200 | $370.6M | AAPL, GOOG, USMV, EFAV, GOOGL |
| Q2 2025 | 214 | $358.9M | AAPL, USMV, GOOG, EFAV, EEMV |
| Q1 2025 | 214 | $345.6M | AAPL, USMV, EFAV, GOOG, EEMV |
| Q4 2024 | 216 | $350.4M | AAPL, GOOG, USMV, EEMV, EFAV |
| Q3 2024 | 221 | $358.7M | AAPL, USMV, GOOG, EEMV, EFAV |
| Q2 2024 | 178 | $316.0M | AAPL, GOOG, USMV, EEMV, EFAV |
| Q1 2024 | 179 | $309.5M | AAPL, USMV, GOOG, EEMV, EFAV |