LM Advisors LLC

Name: LM Advisors LLC 13F holdings, Q1 2025
Creator: LM Advisors LLC
Published: 2025-05-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), LM Advisors LLC reported 214 stock positions worth $551.2 million. Its top holding was Amazon.com (AMZN) at 8.6% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 7.4%) and SS SPDR S&P 500 ETF Trust-US (SPY, 6.4%). Compared with Q4 2024, it opened 36 new positions, sold out of 7, added to 97 and reduced 55. The biggest buy was a new position in Blue Owl Capital (OBDC) and the biggest sale an exit from Coinbase Global.

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0002011314
Portfolio Value: $551.2M (Q1 2025)
SEC Filing: 0002011314-25-000002 ↗ filed May 13, 2025

Holdings Value

Holdings 214 stocks · $551.2M


AMZN Amazon.com Inc.	8.58%	248,683	$47.3M	Add +2.1%
VOO Vanguard S&P 500 ETF	7.41%	79,502	$40.9M	Add +3.0%
SPY SS SPDR S&P 500 ETF Trust-US	6.40%	63,051	$35.3M	Add +8.4%
OMFL Invesco Russell 1000 DYN M/F	6.12%	632,485	$33.7M	Add +1.1%
AAPL Apple Inc.	4.12%	102,258	$22.7M	Add +5.2%
GOOG Alphabet Inc. Class C	3.84%	135,379	$21.1M	Add +0.6%
VIG Vanguard Dividend Apprec ETF	3.41%	96,789	$18.8M	Add +3.4%
QQQ Invesco QQQ Trust Series 1	2.87%	33,748	$15.8M	Add +10.7%
MSFT Microsoft Corp.	2.75%	40,432	$15.2M	Add +10.2%
RSP Invesco S&P 500 Equal Weight	1.89%	60,236	$10.4M	Add +17.5%
VTI VG Morningstar TS MKT ETF-US	1.74%	34,892	$9.6M	Reduce -2.2%
VHT Vanguard Health Care ETF	1.59%	33,071	$8.8M	Add +0.3%
GOOGL Alphabet Inc. Class A	1.57%	55,903	$8.6M	Add +13.7%
BRK.A Berkshire Hathaway Inc. Class A	1.45%	10	$8.0M	No change
META Meta Platforms Inc. Class A	1.45%	13,851	$8.0M	Add +3.1%
BRK.B Berkshire Hathaway Inc. Class B	1.42%	14,721	$7.8M	Add +2.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	1.11%	14,591	$6.1M	Add +8.3%
BSV Vanguard Short-Term Bond ETF	1.06%	74,684	$5.8M	No change
NVDA Nvidia Corp.	0.89%	45,124	$4.9M	Add +43.4%
LLY Eli Lilly & Co.	0.88%	5,878	$4.9M	Reduce -4.2%
CRM Salesforce Inc.	0.86%	17,585	$4.7M	Add +1.2%
COST Costco Wholesale Corp.	0.83%	4,820	$4.6M	Reduce -0.3%
YSEP FT VST Int Eq MB ETF-Usd Inc.	0.81%	195,280	$4.4M	Add +1.6%
FFEB FT Vest US Equity Buffer ETF	0.79%	88,848	$4.3M	Add +1.5%
IHI iShares U.S. Medical Devices	0.77%	70,962	$4.3M	Reduce -4.5%
XLV SS Health Care Select Sector	0.71%	26,667	$3.9M	Reduce -4.4%
VNQ Vanguard Real Estate ETF	0.70%	42,814	$3.9M	Reduce -6.5%
NAC Nuveen Ca QLTY Muni Inc.	0.69%	337,913	$3.8M	Reduce -0.2%
IEMG iShares Core MSCI Emerging	0.68%	69,469	$3.7M	Add +1.8%
XJUN FT Vest U.S. Equity Enhance	0.66%	94,380	$3.6M	Reduce -0.3%
NAD Nuveen Quality Municipal Inc.	0.64%	308,249	$3.6M	Reduce -1.9%
WMT Walmart Inc.	0.61%	38,581	$3.4M	Add +13.4%
IAU iShares Gold Trust	0.60%	56,142	$3.3M	Add +7.3%
VWO Vanguard Ftse Emerging Marke	0.58%	70,976	$3.2M	Reduce -0.8%
AVGO Broadcom Inc.	0.57%	18,697	$3.1M	Add +31.0%
VTV Vanguard Mrngstr Val ETF-Aui	0.54%	17,232	$3.0M	Reduce -0.4%
TSLA Tesla Inc.	0.53%	11,249	$2.9M	Add +23.5%
SPHD Invesco S&P 500 High Dividen	0.53%	58,022	$2.9M	Add +0.9%
V Visa Inc. Class A	0.47%	7,448	$2.6M	Add +0.7%
MA Mastercard Inc. Class A	0.46%	4,600	$2.5M	Add +50.7%
JPM JPMorgan Chase & Co.	0.44%	9,951	$2.4M	Add +0.5%
MRK Merck & Co. Inc.	0.44%	26,948	$2.4M	Add +34.4%
MDY State Street SPDR S&P Midcap	0.44%	4,514	$2.4M	Add +59.6%
PLTR Palantir Technologies Inc. Class A	0.43%	28,382	$2.4M	Reduce -2.0%
ETN Eaton Corp. PLC	0.42%	8,569	$2.3M	Add +223.1%
GJAN FT Vest US Equity Moderate B	0.42%	61,805	$2.3M	Reduce -2.1%
JNJ Johnson & Johnson	0.42%	13,976	$2.3M	Add +14.1%
ORCL Oracle Corp.	0.42%	16,497	$2.3M	Reduce -4.5%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.41%	28,744	$2.3M	Add +1.8%
GS Goldman Sachs Group Inc.	0.39%	3,978	$2.2M	Add +11.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.39%	51,425	$2.1M	Reduce -1.0%
ESS Essex Property Trust Inc.	0.39%	6,927	$2.1M	Reduce -10.5%
IEFA iShares Core MSCI Eafe ETF	0.38%	27,402	$2.1M	Add +8.1%
EWJ iShares MSCI Japan ETF	0.37%	30,138	$2.1M	Add +14.3%
QCOM Qualcomm Inc.	0.35%	12,476	$1.9M	Add +0.2%
BYM BlackRock Muni Inc. QLTY	0.32%	164,844	$1.8M	Reduce -3.3%
OBDC Blue Owl Capital Corp.	0.32%	120,161	$1.8M	New
XLF SS Financial Select Sector	0.32%	35,133	$1.8M	Add +10.4%
HD Home Depot Inc.	0.31%	4,717	$1.7M	Reduce -7.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.30%	6,699	$1.7M	Reduce -19.9%
SOFI Sofi Technologies Inc.	0.29%	139,627	$1.6M	Add +9.3%
UNH Unitedhealth Group Inc.	0.29%	3,017	$1.6M	Reduce -39.1%
IVV iShares Core S&P 500 ETF	0.28%	2,766	$1.6M	Reduce -10.9%
DGRW Wisdomtree U.S. Quality Divi	0.28%	19,031	$1.5M	Add +20.1%
GILD Gilead Sciences Inc.	0.28%	13,533	$1.5M	Add +12.6%
SHV iShares 0-1 Year Treasury Bo	0.27%	13,572	$1.5M	Add +0.5%
MSDL Morgan Stanley Direct Lendin	0.26%	72,757	$1.5M	Add +236.1%
MCD McDonald's Corp.	0.26%	4,594	$1.4M	Reduce -8.7%
YMAR FT VT Int Equ M B- Mar-US I	0.26%	59,743	$1.4M	No change
TMO Thermo Fisher Scientific Inc.	0.25%	2,822	$1.4M	Reduce -0.1%
VGT Vanguard Info Tech ETF	0.25%	2,587	$1.4M	Add +4.2%
BABA Alibaba Group Holding-SP ADR	0.25%	10,219	$1.4M	Add +1.4%
RECS Columbia Resear Enh Cor ETF	0.24%	39,555	$1.3M	Add +74.4%
ABT Abbott Laboratories	0.24%	9,868	$1.3M	Add +103.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.23%	12,987	$1.3M	Reduce -0.5%
C Citigroup Inc.	0.23%	17,734	$1.3M	Add +6.3%
MSI Motorola Solutions Inc.	0.22%	2,827	$1.2M	New
VZ Verizon Communications Inc.	0.22%	27,214	$1.2M	Reduce -3.9%
AMT American Tower Corp.	0.22%	5,459	$1.2M	Add +172.7%
SBAC SBA Communications Corp.	0.22%	5,391	$1.2M	Add +0.1%
PG The Procter & Gamble Co.	0.21%	6,925	$1.2M	Reduce -6.7%
GJUN FT Vest US Equity Moderate B	0.20%	31,290	$1.1M	No change
DRI Darden Restaurants Inc.	0.20%	5,223	$1.1M	Reduce -13.9%
BSTZ BlackRock Sci & Tech TRM TR	0.19%	58,366	$1.0M	Reduce -18.0%
RSPH Invesco S&P 500 Equal Weight	0.19%	34,471	$1.0M	Reduce -5.9%
FLEX Flex Ltd.	0.18%	30,430	$1.0M	New
XOM Exxon Mobil Corp.	0.18%	8,259	$982K	Add +0.9%
GLD SPDR Gold Shares	0.18%	3,399	$979K	No change
NEE Nextera Energy Inc.	0.18%	13,718	$972K	Add +0.3%
LOW Lowe's Cos Inc.	0.18%	4,159	$970K	New
RGA Reinsurance Group of America	0.17%	4,878	$960K	New
PEP Pepsico Inc.	0.17%	6,296	$944K	Reduce -9.5%
SDVY First Trust Smid Cap Rising	0.17%	27,514	$922K	Add +29.9%
ADP Automatic Data Processing	0.16%	2,972	$908K	Reduce -10.9%
CMF iShares California Muni Bond	0.16%	16,003	$901K	Reduce -1.6%
DIVD Altrius Global Dividend ETF	0.16%	26,019	$900K	Add +22.8%
AMP Ameriprise Financial Inc.	0.16%	1,836	$889K	New
TXN Texas Instruments Inc.	0.16%	4,942	$888K	Reduce -4.5%
EMR Emerson Electric Co.	0.16%	8,079	$886K	Reduce -16.0%
KO The Coca-Cola Co.	0.16%	12,108	$867K	Add +0.6%
IBB iShares Biotechnology ETF	0.16%	6,779	$867K	Reduce -2.0%
PYPL PayPal Holdings Inc.	0.16%	13,142	$858K	Reduce -10.6%
AMD Advanced Micro Devices	0.16%	8,318	$855K	Add +228.3%
BX Blackstone Inc.	0.16%	6,115	$855K	Add +25.8%
CME Cme Group Inc.	0.15%	3,196	$848K	Reduce -9.7%
ITW Illinois Tool Works	0.15%	3,402	$844K	Add +0.2%
ASML ASML Holding NV-NY Reg SHS	0.15%	1,270	$842K	Add +17.3%
AMGN Amgen Inc.	0.15%	2,686	$837K	Add +9.2%
BKNG Booking Holdings Inc.	0.15%	181	$832K	New
IWF iShares Russell 1000 Growth	0.15%	2,294	$828K	Add +25.3%
CIBR First Trust Nasdaq Cybersecu	0.15%	13,111	$826K	Add +15.8%
MUST Columbia Multi-Sect Muni Inc.	0.15%	40,725	$820K	No change
BLK BlackRock Inc.	0.15%	860	$814K	Add +0.3%
PNC PNC Financial Services Group	0.14%	4,424	$778K	New
PCAR Paccar Inc.	0.14%	7,762	$756K	Reduce -18.7%
BXSL Blackstone Secured Lending F	0.14%	23,288	$754K	Add +5.4%
CVX Chevron Corp.	0.14%	4,507	$754K	Add +0.6%
CARR Carrier Global Corp.	0.14%	11,874	$753K	New
XBI SS SPDR S&P Biotech ETF	0.14%	9,230	$749K	Add +1.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.14%	8,892	$746K	Add +126.4%
CL Colgate-Palmolive Co.	0.13%	7,906	$741K	New
BMEZ BlackRock HLTH Sci TRM TR II	0.13%	48,997	$730K	Reduce -19.1%
OC Owens Corning	0.13%	5,085	$726K	New
UPS United Parcel Service Class B	0.13%	6,596	$725K	Add +0.2%
CDNS Cadence Design SYS Inc.	0.13%	2,750	$699K	New
PPA Invesco Aerospace & Defense	0.13%	6,000	$699K	No change
IIGD Invesco Inv Grade Defensive	0.13%	28,494	$698K	Reduce -15.3%
LMT Lockheed Martin Corp.	0.13%	1,557	$696K	Add +2.2%
O Realty Income Corp.	0.13%	11,881	$689K	Add +0.2%
FMAR FT Vest US Equity Buffer ETF	0.12%	16,313	$688K	Add +14.0%
MS Morgan Stanley	0.12%	5,739	$670K	Add +0.3%
AYI Acuity Inc.	0.12%	2,531	$667K	New
A Agilent Technologies Inc.	0.12%	5,610	$656K	New
BKR Baker Hughes Co.	0.12%	14,661	$644K	Add +67.5%
OXY Occidental Petroleum Corp.	0.12%	13,010	$642K	New
WDAY Workday Inc. Class A	0.12%	2,733	$638K	New
IBIT iShares Bitcoin Trust ETF	0.11%	13,520	$633K	Add +1.6%
ITA iShares U.S. Aerospace & Def	0.11%	4,015	$615K	Add +0.8%
IWD iShares Russell 1000 Value E	0.11%	3,241	$610K	Add +28.9%
IJH iShares Core S&P Midcap ETF	0.11%	10,205	$595K	Add +7.9%
EFSC Enterprise Financial Service	0.11%	10,832	$582K	No change
ACP Abrdn Income Credit Strat	0.10%	97,219	$573K	Reduce -4.9%
FJUL FT Vest US Equity Buffer ETF	0.10%	12,000	$572K	No change
XMAR FT Vest US Equity Enhance &	0.10%	15,380	$564K	No change
AXP American Express Co.	0.10%	2,080	$560K	Add +1.1%
VTEB Vanguard Tax-Exempt Bond ETF	0.10%	11,155	$554K	No change
ECL Ecolab Inc.	0.10%	2,154	$546K	New
NDMO Nuveen Dynamic Municipal Opp	0.09%	50,726	$520K	Reduce -3.8%
ALL Allstate Corp.	0.09%	2,489	$515K	New
TGT Target Corp.	0.09%	4,939	$515K	Add +2.9%
ADBE Adobe Inc.	0.09%	1,335	$512K	Add +39.1%
CRWD CrowdStrike Holdings Inc. Class A	0.09%	1,441	$508K	Add +1.1%
BA The Boeing Co.	0.09%	2,943	$502K	Reduce -5.7%
NFLX Netflix Inc.	0.09%	532	$496K	Reduce -3.3%
VGK Vanguard Ftse Europe ETF	0.09%	7,023	$493K	Reduce -12.9%
PFE Pfizer Inc.	0.09%	19,322	$490K	Reduce -6.9%
NICE Nice Ltd. - Spon ADR	0.09%	3,070	$473K	New
USMV iShares MSCI USA Min Vol Fac	0.09%	5,035	$472K	No change
MELI MercadoLibre Inc.	0.08%	240	$468K	Add +0.8%
SPGI S&P Global Inc.	0.08%	911	$463K	Add +0.7%
VXF Vanguard Extended Market ETF	0.08%	2,689	$463K	No change
ABBV Abbvie Inc.	0.08%	2,170	$455K	New
BF.B Brown-Forman Corp. Class B	0.08%	13,384	$454K	New
IWM iShares Russell 2000 ETF	0.08%	2,273	$453K	Add +29.9%
NCLH Norwegian Cruise Line Holdin	0.08%	23,149	$439K	New
ELV Elevance Health Inc.	0.08%	1,005	$437K	New
NXPI NXP Semiconductors NV	0.08%	2,240	$426K	New
RTX RTX Corp.	0.07%	3,076	$407K	Add +0.8%
PANW Palo Alto Networks Inc.	0.07%	2,257	$385K	Add +10.1%
CAT Caterpillar Inc.	0.07%	1,163	$384K	Reduce -9.6%
SHOP Shopify Inc. Class A	0.07%	3,957	$378K	Reduce -2.0%
ACGL Arch Capital Group Ltd.	0.07%	3,818	$367K	New
MUC BlackRock Munihold Ca QLTY	0.07%	33,767	$362K	Reduce -6.8%
NKE Nike Inc. Class B	0.06%	5,506	$349K	Add +8.8%
IXJ iShares Global Healthcare Et	0.06%	3,748	$342K	Add +18.3%
CHKP Check Point Software Tech	0.06%	1,500	$342K	No change
SOXL Direx Dail Semi Bu 3X Et-Usd	0.06%	20,000	$319K	Reduce -73.4%
BND Vanguard Total Bond Market	0.06%	4,339	$319K	New
IWV iShares Russell 3000 ETF	0.06%	1,000	$318K	No change
PLD Prologis Inc.	0.06%	2,767	$309K	Add +0.6%
VEA Vanguard Ftse Developed ETF	0.05%	5,900	$300K	New
BBJP JPMorgan Betabuilders Japan	0.05%	5,244	$294K	Add +28.9%
DGRO iShares Core Dividend Growth	0.05%	4,684	$289K	No change
ORLY O'reilly Automotive Inc.	0.05%	201	$288K	Add +0.5%
XLE SS Energy Select Sector	0.05%	3,020	$282K	No change
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.05%	1,150	$281K	Reduce -41.0%
COP Conocophillips	0.05%	2,646	$278K	No change
GMAR FT Vest US Equity Moderate B	0.05%	7,468	$278K	No change
BSX Boston Scientific Corp.	0.05%	2,727	$275K	Add +1.0%
FJUN FT Vest US Equity Buff ETF-J	0.05%	5,518	$275K	Add +22.1%
IGM iShares Expanded Tech Sector	0.05%	3,000	$272K	No change
SDY SS SPDR S&P Dividend ETF	0.05%	2,000	$272K	No change
SOXX iShares Semiconductor ETF	0.05%	1,429	$269K	Add +0.8%
EEM iShares MSCI Emerging Market	0.05%	5,940	$260K	Reduce -1.2%
KLAC KLA Corp.	0.05%	383	$260K	Reduce -20.2%
FEZ State Street SPDR Euro Stoxx	0.05%	4,766	$259K	No change
KBWB Invesco KBW Bank ETF	0.05%	4,000	$251K	No change
SMH Vaneck Semiconductor ETF	0.05%	1,176	$249K	New
FCX Freeport-McMoran Inc.	0.04%	6,110	$231K	Add +0.3%
ITOT iShares Core S&P Total U.S.	0.04%	1,888	$230K	No change
DG Dollar General Corp.	0.04%	2,600	$229K	New
XLK SS Technology Select Sector	0.04%	1,090	$225K	New
GSK GSK PLC-Spon ADR	0.04%	5,715	$221K	New
EPD Enterprise Products Partners	0.04%	6,355	$217K	New
PSX Phillips 66	0.04%	1,749	$216K	Reduce -12.6%
TSM Taiwan Semiconductor-SP ADR	0.04%	1,274	$212K	New
HTGC Hercules Capital Inc.	0.04%	10,900	$209K	No change
STT State Street Corp.	0.04%	2,335	$209K	Add +0.2%
NOW ServiceNow Inc.	0.04%	259	$206K	Reduce -1.1%
IJR iShares Core S&P Small-Cap E	0.04%	1,957	$205K	No change
GM General Motors Co.	0.04%	4,308	$203K	Add +0.5%
DLY Doubleline Yield Opport	0.04%	12,517	$202K	New
GE General Electric filed as GE AEROSPACE	0.04%	1,003	$201K	New
GBIL Goldman Sachs Access Treasur	0.04%	2,000	$200K	New

Other holdings (1): bonds, preferreds, convertibles and warrants · $4.2M (not counted above)

Security	Class	Shares / Principal	Value	Change
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	3,467	$4.2M	Add +0.7%

Total filed on the 13F, all lines: $555.4M.

Portfolio Sells Q4 2024 → Q1 2025


COINBASE GLOBAL INC	Sold out	0.00%	−3.24
SOXL Direx Dail Semi Bu 3X Et-Usd	Reduce -73.4%	0.06%	−0.31
OBDE Blue Owl Capital Corp. III	Sold out	0.00%	−0.31
UNH Unitedhealth Group Inc.	Reduce -39.1%	0.29%	−0.17
VTI VG Morningstar TS MKT ETF-US	Reduce -2.2%	1.74%	−0.12
MCHP Microchip Technology Inc.	Sold out	0.00%	−0.12
ORCL Oracle Corp.	Reduce -4.5%	0.42%	−0.10
BSTZ BlackRock Sci & Tech TRM TR	Reduce -18.0%	0.19%	−0.08
PYPL PayPal Holdings Inc.	Reduce -10.6%	0.16%	−0.07
ETHA iShares Ethereum Trust ETF	Sold out	0.00%	−0.06
EMR Emerson Electric Co.	Reduce -16.0%	0.16%	−0.05
IVV iShares Core S&P 500 ETF	Reduce -10.9%	0.28%	−0.05
PCAR Paccar Inc.	Reduce -18.7%	0.14%	−0.05
HD Home Depot Inc.	Reduce -7.4%	0.31%	−0.04
WFC Wells Fargo & Co.	Sold out	0.00%	−0.04
VOT Vngrd Mrngstr MC GRW ETF-Usd	Reduce -41.0%	0.05%	−0.04
NVO Novo-Nordisk A/S-Spons ADR	Sold out	0.00%	−0.04
LULU Lululemon Athletica Inc.	Sold out	0.00%	−0.04
VNQ Vanguard Real Estate ETF	Reduce -6.5%	0.70%	−0.03
DIS The Walt Disney Co.	Reduce -0.5%	0.23%	−0.03
IBM Intl Business Machines Corp.	Reduce -19.9%	0.30%	−0.03
BMEZ BlackRock HLTH Sci TRM TR II	Reduce -19.1%	0.13%	−0.02
BAC Bank of America Corp.	Reduce -1.0%	0.39%	−0.02
PEP Pepsico Inc.	Reduce -9.5%	0.17%	−0.02
IIGD Invesco Inv Grade Defensive	Reduce -15.3%	0.13%	−0.02
GJAN FT Vest US Equity Moderate B	Reduce -2.1%	0.42%	−0.02
NAD Nuveen Quality Municipal Inc.	Reduce -1.9%	0.64%	−0.02
CAT Caterpillar Inc.	Reduce -9.6%	0.07%	−0.01
TXN Texas Instruments Inc.	Reduce -4.5%	0.16%	−0.01
ESS Essex Property Trust Inc.	Reduce -10.5%	0.39%	−0.01
NOW ServiceNow Inc.	Reduce -1.1%	0.04%	−0.01
ADP Automatic Data Processing	Reduce -10.9%	0.16%	−0.01
BYM BlackRock Muni Inc. QLTY	Reduce -3.3%	0.32%	−0.01
PFE Pfizer Inc.	Reduce -6.9%	0.09%	−0.01
PG The Procter & Gamble Co.	Reduce -6.7%	0.21%	−0.01
TMO Thermo Fisher Scientific Inc.	Reduce -0.1%	0.25%	−0.01
SHOP Shopify Inc. Class A	Reduce -2.0%	0.07%	−0.01
BA The Boeing Co.	Reduce -5.7%	0.09%	−0.01
IBB iShares Biotechnology ETF	Reduce -2.0%	0.16%	−0.01
RSPH Invesco S&P 500 Equal Weight	Reduce -5.9%	0.19%	−0.01
ACP Abrdn Income Credit Strat	Reduce -4.9%	0.10%	−0.01
DRI Darden Restaurants Inc.	Reduce -13.9%	0.20%	−0.01
KLAC KLA Corp.	Reduce -20.2%	0.05%	−0.01
IHI iShares U.S. Medical Devices	Reduce -4.5%	0.77%	−0.01
CMF iShares California Muni Bond	Reduce -1.6%	0.16%	−0.00
MUC BlackRock Munihold Ca QLTY	Reduce -6.8%	0.07%	−0.00
VGK Vanguard Ftse Europe ETF	Reduce -12.9%	0.09%	−0.00
MCD McDonald's Corp.	Reduce -8.7%	0.26%	−0.00
PSX Phillips 66	Reduce -12.6%	0.04%	−0.00
NDMO Nuveen Dynamic Municipal Opp	Reduce -3.8%	0.09%	−0.00

Portfolio Buys Q4 2024 → Q1 2025


OBDC Blue Owl Capital Corp.	New	0.32%	+0.32
RSP Invesco S&P 500 Equal Weight	Add +17.5%	1.89%	+0.27
ETN Eaton Corp. PLC	Add +223.1%	0.42%	+0.26
BRK.B Berkshire Hathaway Inc. Class B	Add +2.2%	1.42%	+0.24
SPY SS SPDR S&P 500 ETF Trust-US	Add +8.4%	6.40%	+0.23
MSI Motorola Solutions Inc.	New	0.22%	+0.22
FLEX Flex Ltd.	New	0.18%	+0.18
MSDL Morgan Stanley Direct Lendin	Add +236.1%	0.26%	+0.18
LOW Lowe's Cos Inc.	New	0.18%	+0.18
RGA Reinsurance Group of America	New	0.17%	+0.17
MA Mastercard Inc. Class A	Add +50.7%	0.46%	+0.17
AMP Ameriprise Financial Inc.	New	0.16%	+0.16
BKNG Booking Holdings Inc.	New	0.15%	+0.15
AMT American Tower Corp.	Add +172.7%	0.22%	+0.15
MDY State Street SPDR S&P Midcap	Add +59.6%	0.44%	+0.15
PNC PNC Financial Services Group	New	0.14%	+0.14
ABT Abbott Laboratories	Add +103.9%	0.24%	+0.14
CARR Carrier Global Corp.	New	0.14%	+0.14
CL Colgate-Palmolive Co.	New	0.13%	+0.13
IAU iShares Gold Trust	Add +7.3%	0.60%	+0.13
OC Owens Corning	New	0.13%	+0.13
CDNS Cadence Design SYS Inc.	New	0.13%	+0.13
NVDA Nvidia Corp.	Add +43.4%	0.89%	+0.13
AYI Acuity Inc.	New	0.12%	+0.12
A Agilent Technologies Inc.	New	0.12%	+0.12
OXY Occidental Petroleum Corp.	New	0.12%	+0.12
WDAY Workday Inc. Class A	New	0.12%	+0.12
JNJ Johnson & Johnson	Add +14.1%	0.42%	+0.10
VIG Vanguard Dividend Apprec ETF	Add +3.4%	3.41%	+0.10
AMD Advanced Micro Devices	Add +228.3%	0.16%	+0.10
ECL Ecolab Inc.	New	0.10%	+0.10
RECS Columbia Resear Enh Cor ETF	Add +74.4%	0.24%	+0.10
ALL Allstate Corp.	New	0.09%	+0.09
BABA Alibaba Group Holding-SP ADR	Add +1.4%	0.25%	+0.09
NICE Nice Ltd. - Spon ADR	New	0.09%	+0.09
ABBV Abbvie Inc.	New	0.08%	+0.08
BF.B Brown-Forman Corp. Class B	New	0.08%	+0.08
BNY Bank of New York Mellon Corp.	Add +126.4%	0.14%	+0.08
VHT Vanguard Health Care ETF	Add +0.3%	1.59%	+0.08
NCLH Norwegian Cruise Line Holdin	New	0.08%	+0.08
ELV Elevance Health Inc.	New	0.08%	+0.08
NXPI NXP Semiconductors NV	New	0.08%	+0.08
MRK Merck & Co. Inc.	Add +34.4%	0.44%	+0.08
GILD Gilead Sciences Inc.	Add +12.6%	0.28%	+0.07
DIA SS SPDR Dow Jones Indus Avg	Add +8.3%	1.11%	+0.07
ACGL Arch Capital Group Ltd.	New	0.07%	+0.07
QQQ Invesco QQQ Trust Series 1	Add +10.7%	2.87%	+0.06
WMT Walmart Inc.	Add +13.4%	0.61%	+0.06
BND Vanguard Total Bond Market	New	0.06%	+0.06
EWJ iShares MSCI Japan ETF	Add +14.3%	0.37%	+0.06

Notes & Other Activity Q4 2024 → Q1 2025


WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	Add +0.7%	3,467	$4.2M

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	223	$22.9M	LLY, COST, GS, ASML, LMT
Q1 2026	211	$18.0M	COST, VTI, AVGO, BLK, OMFL
Q4 2025	209	$25.3M	GOOG, GOOGL, JPM, OMFL, SPY
Q3 2025	206	$689.9M	AMZN, VOO, SPY, QQQ, OMFL
Q2 2025	183	$772.9M	MSFT, TSLA, AAPL, AMZN, VOO
Q1 2025	214	$551.2M	AMZN, VOO, SPY, OMFL, AAPL
Q4 2024Amended	185	$554.8M	AMZN, VOO, SPY, OMFL, GOOG
Q3 2024	170	$487.6M	AMZN, VOO, SPY, OMFL, AAPL
Q2 2024	171	$502.0M	AMZN, VOO, OMFL, SPY, GOOG
Q1 2024	205	$568.6M	VOO, AMZN, OMFL, SPY, AAPL