LM Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), LM Advisors LLC reported 183 stock positions worth $772.9 million. Its top holding was Microsoft (MSFT) at 15.1% of the portfolio, followed by Tesla (TSLA, 8.8%) and Apple (AAPL, 8.0%). Compared with Q1 2025, it opened 15 new positions, sold out of 46, added to 49 and reduced 73. The biggest buy was Microsoft (MSFT, shares +481%) and the biggest sale Invesco Russell 1000 DYN M/F (OMFL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0002011314
- Portfolio Value
- $772.9M (Q2 2025)
- SEC Filing
- 0002011314-25-000005 ↗ filed Aug 14, 2025
Holdings Value
Holdings 183 stocks · $772.9M
| MSFT Microsoft Corp. | 15.13% | 235,082 | $116.9M | Add +481.4% |
| TSLA Tesla Inc. | 8.85% | 215,251 | $68.4M | Add +1813.5% |
| AAPL Apple Inc. | 8.05% | 303,101 | $62.2M | Add +196.4% |
| AMZN Amazon.com Inc. | 7.61% | 268,139 | $58.8M | Add +7.8% |
| VOO Vanguard S&P 500 ETF | 5.90% | 80,256 | $45.6M | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.01% | 62,634 | $38.7M | Reduce -0.7% |
| OMFL Invesco Russell 1000 DYN M/F | 4.69% | 627,898 | $36.3M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 3.28% | 143,084 | $25.4M | Add +5.7% |
| VIG Vanguard Dividend Apprec ETF | 2.58% | 97,238 | $19.9M | Add +0.5% |
| QQQ Invesco QQQ Trust Series 1 | 2.23% | 31,251 | $17.2M | Reduce -7.4% |
| META Meta Platforms Inc. Class A | 1.49% | 15,613 | $11.5M | Add +12.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.37% | 34,918 | $10.6M | Add +0.1% |
| RSP Invesco S&P 500 Equal Weight | 1.32% | 56,312 | $10.2M | Reduce -6.5% |
| GOOGL Alphabet Inc. Class A | 1.11% | 48,738 | $8.6M | Reduce -12.8% |
| VHT Vanguard Health Care ETF | 1.06% | 33,059 | $8.2M | Reduce -0.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.94% | 10 | $7.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.93% | 14,866 | $7.2M | Add +1.0% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.84% | 14,690 | $6.5M | Add +0.7% |
| BSV Vanguard Short-Term Bond ETF | 0.76% | 74,684 | $5.9M | No change |
| NVDA Nvidia Corp. | 0.70% | 34,364 | $5.4M | Reduce -23.9% |
| PLTR Palantir Technologies Inc. Class A | 0.69% | 39,258 | $5.4M | Add +38.3% |
| YSEP FT VST Int Eq MB ETF-Usd Inc. | 0.66% | 207,948 | $5.1M | Add +6.5% |
| CRM Salesforce Inc. | 0.64% | 18,107 | $4.9M | Add +3.0% |
| COST Costco Wholesale Corp. | 0.61% | 4,752 | $4.7M | Reduce -1.4% |
| FFEB FT Vest US Equity Buffer ETF | 0.60% | 88,619 | $4.6M | Reduce -0.3% |
| WMT Walmart Inc. | 0.55% | 43,865 | $4.3M | Add +13.7% |
| IHI iShares U.S. Medical Devices | 0.55% | 67,778 | $4.2M | Reduce -4.5% |
| IEMG iShares Core MSCI Emerging | 0.54% | 69,469 | $4.2M | No change |
| LLY Eli Lilly & Co. | 0.51% | 5,031 | $3.9M | Reduce -14.4% |
| XJUN FT Vest U.S. Equity Enhance | 0.50% | 94,380 | $3.9M | No change |
| JPM JPMorgan Chase & Co. | 0.49% | 13,052 | $3.8M | Add +31.2% |
| VNQ Vanguard Real Estate ETF | 0.47% | 40,976 | $3.6M | Reduce -4.3% |
| ORCL Oracle Corp. | 0.46% | 16,429 | $3.6M | Reduce -0.4% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.46% | 320,013 | $3.6M | Reduce -5.3% |
| IAU iShares Gold Trust | 0.45% | 56,142 | $3.5M | No change |
| NAD Nuveen Quality Municipal Inc. | 0.45% | 308,249 | $3.5M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.45% | 69,876 | $3.5M | Reduce -1.6% |
| XLV SS Health Care Select Sector | 0.43% | 24,675 | $3.3M | Reduce -7.5% |
| AVGO Broadcom Inc. | 0.43% | 11,964 | $3.3M | Reduce -36.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.39% | 17,194 | $3.0M | Reduce -0.2% |
| OBDC Blue Owl Capital Corp. | 0.38% | 206,607 | $3.0M | Add +71.9% |
| V Visa Inc. Class A | 0.38% | 8,199 | $2.9M | Add +10.1% |
| GS Goldman Sachs Group Inc. | 0.37% | 4,036 | $2.9M | Add +1.5% |
| SPHD Invesco S&P 500 High Dividen | 0.34% | 55,624 | $2.6M | Reduce -4.1% |
| GJAN FT Vest US Equity Moderate B | 0.32% | 61,615 | $2.5M | Reduce -0.3% |
| SOFI Sofi Technologies Inc. | 0.32% | 134,600 | $2.5M | Reduce -3.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.31% | 28,556 | $2.4M | Add +4.2% |
| FJUN FT Vest US Equity Buff ETF-J | 0.31% | 44,186 | $2.4M | Add +700.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 49,887 | $2.4M | Reduce -3.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.30% | 28,244 | $2.3M | Reduce -1.7% |
| EWJ iShares MSCI Japan ETF | 0.29% | 30,317 | $2.3M | Add +0.6% |
| MA Mastercard Inc. Class A | 0.29% | 3,943 | $2.2M | Reduce -14.3% |
| DGRW Wisdomtree U.S. Quality Divi | 0.25% | 23,346 | $2.0M | Add +22.7% |
| ESS Essex Property Trust Inc. | 0.25% | 6,868 | $1.9M | Reduce -0.8% |
| QCOM Qualcomm Inc. | 0.24% | 11,692 | $1.9M | Reduce -6.3% |
| XLF SS Financial Select Sector | 0.23% | 33,933 | $1.8M | Reduce -3.4% |
| BYM BlackRock Muni Inc. QLTY | 0.23% | 164,844 | $1.7M | No change |
| VGT Vanguard Info Tech ETF | 0.22% | 2,587 | $1.7M | No change |
| SBAC SBA Communications Corp. | 0.22% | 7,304 | $1.7M | Add +35.5% |
| IVV iShares Core S&P 500 ETF | 0.22% | 2,736 | $1.7M | Reduce -1.1% |
| NFLX Netflix Inc. | 0.22% | 1,260 | $1.7M | Add +136.8% |
| C Citigroup Inc. | 0.22% | 19,701 | $1.7M | Add +11.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 13,161 | $1.6M | Add +1.3% |
| MDY State Street SPDR S&P Midcap | 0.21% | 2,844 | $1.6M | Reduce -37.0% |
| YMAR FT VT Int Equ M B- Mar-US I | 0.20% | 59,743 | $1.5M | No change |
| SHV iShares 0-1 Year Treasury Bo | 0.19% | 13,572 | $1.5M | No change |
| RECS Columbia Resear Enh Cor ETF | 0.19% | 40,568 | $1.5M | Add +2.6% |
| AMD Advanced Micro Devices | 0.18% | 9,998 | $1.4M | Add +20.2% |
| JNJ Johnson & Johnson | 0.17% | 8,522 | $1.3M | Reduce -39.0% |
| MRK Merck & Co. Inc. | 0.16% | 15,401 | $1.2M | Reduce -42.9% |
| BLK BlackRock Inc. | 0.15% | 1,138 | $1.2M | Add +32.3% |
| BX Blackstone Inc. | 0.15% | 7,899 | $1.2M | Add +29.2% |
| GJUN FT Vest US Equity Moderate B | 0.15% | 31,290 | $1.2M | No change |
| DIVD Altrius Global Dividend ETF | 0.15% | 31,527 | $1.1M | Add +21.2% |
| GLD SPDR Gold Shares | 0.14% | 3,676 | $1.1M | Add +8.2% |
| VZ Verizon Communications Inc. | 0.14% | 25,342 | $1.1M | Reduce -6.9% |
| NEE Nextera Energy Inc. | 0.14% | 15,628 | $1.1M | Add +13.9% |
| MSDL Morgan Stanley Direct Lendin | 0.14% | 56,842 | $1.1M | Reduce -21.9% |
| TMO Thermo Fisher Scientific Inc. | 0.13% | 2,561 | $1.0M | Reduce -9.3% |
| BSTZ BlackRock Sci & Tech TRM TR | 0.13% | 49,857 | $1.0M | Reduce -14.6% |
| ETN Eaton Corp. PLC | 0.13% | 2,870 | $1.0M | Reduce -66.5% |
| UNH Unitedhealth Group Inc. | 0.13% | 3,255 | $1.0M | Add +7.9% |
| RSPH Invesco S&P 500 Equal Weight | 0.13% | 34,471 | $1.0M | No change |
| CIBR First Trust Nasdaq Cybersecu | 0.13% | 13,111 | $991K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.13% | 1,937 | $987K | Add +34.4% |
| IWF iShares Russell 1000 Growth | 0.13% | 2,294 | $974K | No change |
| SDVY First Trust Smid Cap Rising | 0.13% | 27,514 | $971K | No change |
| HD Home Depot Inc. | 0.12% | 2,504 | $918K | Reduce -46.9% |
| IBIT iShares Bitcoin Trust ETF | 0.12% | 14,655 | $897K | Add +8.4% |
| CMF iShares California Muni Bond | 0.12% | 16,003 | $892K | No change |
| XOM Exxon Mobil Corp. | 0.11% | 8,184 | $882K | Reduce -0.9% |
| MS Morgan Stanley | 0.11% | 6,104 | $860K | Add +6.4% |
| O Realty Income Corp. | 0.11% | 14,864 | $856K | Add +25.1% |
| KO The Coca-Cola Co. | 0.11% | 12,041 | $852K | Reduce -0.6% |
| PPA Invesco Aerospace & Defense | 0.11% | 6,000 | $850K | No change |
| IBB iShares Biotechnology ETF | 0.11% | 6,569 | $831K | Reduce -3.1% |
| LMT Lockheed Martin Corp. | 0.11% | 1,778 | $824K | Add +14.2% |
| MUST Columbia Multi-Sect Muni Inc. | 0.11% | 40,725 | $819K | No change |
| ITA iShares U.S. Aerospace & Def | 0.10% | 4,015 | $757K | No change |
| XBI SS SPDR S&P Biotech ETF | 0.10% | 8,877 | $736K | Reduce -3.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $4.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,442 | $4.0M | Reduce -0.7% |
Total filed on the 13F, all lines: $776.9M.
Portfolio Sells Q1 2025 → Q2 2025
| OMFL Invesco Russell 1000 DYN M/F | Reduce -0.7% | 4.69% | −1.42 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.7% | 5.01% | −1.39 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.4% | 2.23% | −0.64 |
| RSP Invesco S&P 500 Equal Weight | Reduce -6.5% | 1.32% | −0.57 |
| VHT Vanguard Health Care ETF | Reduce -0.0% | 1.06% | −0.53 |
| GOOGL Alphabet Inc. Class A | Reduce -12.8% | 1.11% | −0.46 |
| LLY Eli Lilly & Co. | Reduce -14.4% | 0.51% | −0.37 |
| ETN Eaton Corp. PLC | Reduce -66.5% | 0.13% | −0.29 |
| MRK Merck & Co. Inc. | Reduce -42.9% | 0.16% | −0.28 |
| XLV SS Health Care Select Sector | Reduce -7.5% | 0.43% | −0.28 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.28 |
| JNJ Johnson & Johnson | Reduce -39.0% | 0.17% | −0.25 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.25 |
| VNQ Vanguard Real Estate ETF | Reduce -4.3% | 0.47% | −0.23 |
| MDY State Street SPDR S&P Midcap | Reduce -37.0% | 0.21% | −0.23 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -5.3% | 0.46% | −0.23 |
| IHI iShares U.S. Medical Devices | Reduce -4.5% | 0.55% | −0.23 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.22 |
| COST Costco Wholesale Corp. | Reduce -1.4% | 0.61% | −0.22 |
| IBM Intl Business Machines Corp. | Reduce -63.1% | 0.09% | −0.21 |
| DRI Darden Restaurants Inc. | Sold out | 0.00% | −0.20 |
| HD Home Depot Inc. | Reduce -46.9% | 0.12% | −0.19 |
| MCD McDonald's Corp. | Reduce -59.3% | 0.07% | −0.19 |
| SPHD Invesco S&P 500 High Dividen | Reduce -4.1% | 0.34% | −0.19 |
| FFEB FT Vest US Equity Buffer ETF | Reduce -0.3% | 0.60% | −0.19 |
| NVDA Nvidia Corp. | Reduce -23.9% | 0.70% | −0.18 |
| FLEX Flex Ltd. | Sold out | 0.00% | −0.18 |
| ABT Abbott Laboratories | Reduce -67.6% | 0.06% | −0.18 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.18 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.17 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.17 |
| MA Mastercard Inc. Class A | Reduce -14.3% | 0.29% | −0.17 |
| PG The Procter & Gamble Co. | Reduce -68.2% | 0.05% | −0.17 |
| AMT American Tower Corp. | Reduce -67.6% | 0.05% | −0.16 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.16 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −0.16 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.16 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.16 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.15 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.15 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.15 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.15 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.2% | 0.39% | −0.15 |
| AVGO Broadcom Inc. | Reduce -36.0% | 0.43% | −0.14 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.14 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.14 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.14 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.6% | 0.45% | −0.14 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.13 |
| ESS Essex Property Trust Inc. | Reduce -0.8% | 0.25% | −0.13 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +481.4% | 15.13% | +12.38 |
| TSLA Tesla Inc. | Add +1813.5% | 8.85% | +8.32 |
| AAPL Apple Inc. | Add +196.4% | 8.05% | +3.93 |
| PLTR Palantir Technologies Inc. Class A | Add +38.3% | 0.69% | +0.26 |
| FJUN FT Vest US Equity Buff ETF-J | Add +700.8% | 0.31% | +0.26 |
| NFLX Netflix Inc. | Add +136.8% | 0.22% | +0.13 |
| OBDC Blue Owl Capital Corp. | Add +71.9% | 0.38% | +0.06 |
| KKR KKR & Co. Inc. | New | 0.06% | +0.06 |
| FSEP FT Vest U.S. Equity Buffer E | New | 0.06% | +0.06 |
| MCK McKesson Corp. | New | 0.06% | +0.06 |
| MRNA Moderna Inc. | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +31.2% | 0.49% | +0.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.05% | +0.05 |
| META Meta Platforms Inc. Class A | Add +12.7% | 1.49% | +0.04 |
| AGG iShares Core U.S. Aggregate | New | 0.04% | +0.04 |
| INFL Horizon Kinetics Infl Benef | New | 0.04% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +34.4% | 0.13% | +0.04 |
| ETHA iShares Ethereum Trust ETF | New | 0.04% | +0.04 |
| ODD Oddity Tech Ltd. Class A | New | 0.03% | +0.03 |
| HTZ Hertz Global Hldgs Inc. | New | 0.03% | +0.03 |
| RSPG Invesco S&P 500 Equal Weight | New | 0.03% | +0.03 |
| AMD Advanced Micro Devices | Add +20.2% | 0.18% | +0.03 |
| ON On Semiconductor | New | 0.03% | +0.03 |
| WFC Wells Fargo & Co. | New | 0.03% | +0.03 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.03% | +0.03 |
| STWD Starwood Property Trust Inc. | New | 0.03% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +33.9% | 0.08% | +0.01 |
| BLK BlackRock Inc. | Add +32.3% | 0.15% | +0.01 |
| SBAC SBA Communications Corp. | Add +35.5% | 0.22% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +8.4% | 0.12% | +0.00 |
| SMH Vaneck Semiconductor ETF | Add +4.8% | 0.04% | −0.00 |
| MELI MercadoLibre Inc. | Add +2.9% | 0.08% | −0.00 |
| BX Blackstone Inc. | Add +29.2% | 0.15% | −0.00 |
| PLD Prologis Inc. | Add +41.1% | 0.05% | −0.00 |
| SHOP Shopify Inc. Class A | Add +2.2% | 0.06% | −0.01 |
| GMAR FT Vest US Equity Moderate B | Add +10.4% | 0.04% | −0.01 |
| MS Morgan Stanley | Add +6.4% | 0.11% | −0.01 |
| C Citigroup Inc. | Add +11.1% | 0.22% | −0.01 |
| O Realty Income Corp. | Add +25.1% | 0.11% | −0.01 |
| VGK Vanguard Ftse Europe ETF | Add +5.0% | 0.07% | −0.02 |
| TGT Target Corp. | Add +22.4% | 0.08% | −0.02 |
| DIVD Altrius Global Dividend ETF | Add +21.2% | 0.15% | −0.02 |
| LMT Lockheed Martin Corp. | Add +14.2% | 0.11% | −0.02 |
| PFE Pfizer Inc. | Add +12.3% | 0.07% | −0.02 |
| DIS The Walt Disney Co. | Add +1.3% | 0.21% | −0.02 |
| DGRW Wisdomtree U.S. Quality Divi | Add +22.7% | 0.25% | −0.02 |
| GS Goldman Sachs Group Inc. | Add +1.5% | 0.37% | −0.02 |
| GLD SPDR Gold Shares | Add +8.2% | 0.14% | −0.03 |
| NEE Nextera Energy Inc. | Add +13.9% | 0.14% | −0.04 |
| RECS Columbia Resear Enh Cor ETF | Add +2.6% | 0.19% | −0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.7% | 3,442 | $4.0M |
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 |