Lyell Wealth Management, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Lyell Wealth Management, LP reported 202 stock positions worth $1.1 billion. Its top holding was Nvidia (NVDA) at 6.0% of the portfolio, followed by Apple (AAPL, 3.9%) and Microsoft (MSFT, 3.0%). Compared with Q4 2024, it opened 8 new positions, sold out of 7, added to 77 and reduced 71. The biggest buy was Quanta Services (PWR, shares +216%) and the biggest sale Nvidia (NVDA, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001686444
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0001104659-25-046030 ↗ filed May 8, 2025
Holdings Value
Holdings 202 stocks · $1.1B
| NVDA Nvidia Corp. | 5.97% | 589,371 | $63.9M | Reduce -3.5% |
| AAPL Apple Inc. | 3.87% | 186,202 | $41.4M | Add +0.4% |
| MSFT Microsoft Corp. | 3.04% | 86,668 | $32.5M | Add +9.4% |
| AMZN Amazon.com Inc. | 2.95% | 165,905 | $31.6M | Add +2.6% |
| META Meta Platforms Inc. Class A | 2.71% | 50,261 | $29.0M | Add +1.6% |
| PANW Palo Alto Networks Inc. | 2.56% | 160,670 | $27.4M | Add +1.6% |
| COST Costco Wholesale Corp. | 2.43% | 27,482 | $26.0M | Add +1.1% |
| JPM JPMorgan Chase & Co. | 2.20% | 95,780 | $23.5M | Add +6.4% |
| GOOGL Alphabet Inc. Class A | 2.09% | 144,617 | $22.4M | Add +4.2% |
| WDAY Workday Inc. Class A | 2.04% | 93,247 | $21.8M | Add +1.9% |
| NOW ServiceNow Inc. | 1.92% | 25,748 | $20.5M | Reduce -1.1% |
| INTU Intuit Inc. | 1.80% | 31,435 | $19.3M | Add +0.6% |
| CRM Salesforce Inc. | 1.66% | 66,098 | $17.7M | Add +3.0% |
| ISRG Intuitive Surgical Inc. | 1.60% | 34,487 | $17.1M | Add +2.3% |
| V Visa Inc. Class A | 1.59% | 48,688 | $17.1M | Add +0.7% |
| HD Home Depot Inc. | 1.52% | 44,396 | $16.3M | Add +1.5% |
| TMO Thermo Fisher Scientific Inc. | 1.43% | 30,781 | $15.3M | Add +3.4% |
| SHOP Shopify Inc. Class A | 1.43% | 160,258 | $15.3M | Add +1.8% |
| NFLX Netflix Inc. | 1.37% | 15,753 | $14.7M | Add +8.2% |
| SMH Vaneck Semiconductor ETF | 1.35% | 68,495 | $14.5M | Add +9.4% |
| GOOG Alphabet Inc. Class C | 1.33% | 90,955 | $14.2M | Add +7.8% |
| DHI D.R. Horton Inc. | 1.32% | 110,992 | $14.1M | Add +2.0% |
| SYK Stryker Corp. | 1.29% | 37,141 | $13.8M | Add +9.6% |
| ASML ASML Holding NV-NY Reg SHS | 1.21% | 19,483 | $12.9M | Add +2.4% |
| UBER Uber Technologies Inc. | 1.20% | 176,365 | $12.8M | Add +8.1% |
| APH Amphenol Corp. Class A | 1.17% | 190,069 | $12.5M | Add +13.1% |
| VEEV Veeva Systems Inc. Class A | 1.16% | 53,645 | $12.4M | Add +0.2% |
| GLD SPDR Gold Shares | 1.14% | 42,368 | $12.2M | Add +7.4% |
| CDNS Cadence Design SYS Inc. | 1.14% | 47,982 | $12.2M | Add +7.1% |
| MS Morgan Stanley | 1.13% | 103,371 | $12.1M | Add +7.3% |
| CAT Caterpillar Inc. | 1.11% | 35,918 | $11.8M | Add +1.5% |
| ZTS Zoetis Inc. | 1.04% | 67,376 | $11.1M | Add +0.6% |
| HON Honeywell International Inc. | 1.02% | 51,755 | $11.0M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.00% | 19,217 | $10.8M | Reduce -6.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.00% | 64,755 | $10.7M | Add +4.5% |
| LEN Lennar Corp. Class A | 0.89% | 83,285 | $9.6M | Add +0.1% |
| IDXX Idexx Laboratories Inc. | 0.88% | 22,465 | $9.4M | Add +6.3% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.88% | 389,449 | $9.4M | Add +7.0% |
| AMD Advanced Micro Devices | 0.87% | 90,737 | $9.3M | Add +2.7% |
| MA Mastercard Inc. Class A | 0.87% | 16,940 | $9.3M | Add +8.7% |
| WMT Walmart Inc. | 0.85% | 104,013 | $9.1M | Add +10.5% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.84% | 354,738 | $9.0M | Add +7.2% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.83% | 353,095 | $8.9M | Reduce -4.8% |
| SNOW Snowflake Inc. | 0.83% | 60,685 | $8.9M | Add +5.1% |
| IBDR iShares Ibonds Dec 2026 Term | 0.82% | 364,517 | $8.8M | Add +6.8% |
| BR Broadridge Financial Solutio | 0.82% | 36,001 | $8.7M | Add +20.1% |
| DLR Digital Realty Trust Inc. | 0.78% | 57,962 | $8.3M | Add +4.5% |
| TMUS T-Mobile US Inc. | 0.76% | 30,443 | $8.1M | Add +10.3% |
| IBDU iShares Ibonds Dec 2029 Term | 0.75% | 346,703 | $8.0M | Add +5.8% |
| ABT Abbott Laboratories | 0.75% | 60,128 | $8.0M | Add +4.7% |
| UNP Union Pacific Corp. | 0.74% | 33,509 | $7.9M | Reduce -1.7% |
| CVX Chevron Corp. | 0.73% | 46,458 | $7.8M | Reduce -2.7% |
| PWR Quanta Services Inc. | 0.71% | 30,081 | $7.6M | Add +216.0% |
| EXTR Extreme Networks Inc. | 0.70% | 568,991 | $7.5M | No change |
| XLI SS Industrial Select Sector | 0.70% | 56,751 | $7.4M | Add +5.6% |
| TOL Toll Brothers Inc. | 0.68% | 68,902 | $7.3M | Add +45.5% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.65% | 322,208 | $7.0M | Add +6.5% |
| BLK BlackRock Inc. | 0.64% | 7,271 | $6.9M | Add +30.6% |
| DE Deere & Co. | 0.63% | 14,381 | $6.7M | Add +1.2% |
| XLE SS Energy Select Sector | 0.62% | 70,643 | $6.6M | Reduce -27.6% |
| GWRE Guidewire Software Inc. | 0.62% | 35,190 | $6.6M | No change |
| ADBE Adobe Inc. | 0.57% | 15,779 | $6.1M | Reduce -16.0% |
| NET Cloudflare Inc. Class A | 0.53% | 50,748 | $5.7M | Add +6.7% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.50% | 98,339 | $5.4M | No change |
| IBDX iShares Ibonds Dec 2032 TC | 0.50% | 214,875 | $5.4M | Add +0.4% |
| VRT Vertiv Holdings Co. Class A | 0.50% | 74,202 | $5.4M | Add +108.2% |
| XLV SS Health Care Select Sector | 0.50% | 36,662 | $5.4M | Add +24.2% |
| FCX Freeport-McMoran Inc. | 0.50% | 141,238 | $5.3M | Reduce -0.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.48% | 123,818 | $5.2M | Reduce -18.9% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.47% | 243,975 | $5.1M | Add +3.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 7,375 | $3.9M | Add +10.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 38,717 | $3.8M | Add +2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 90,317 | $3.8M | Reduce -0.2% |
| DXCM Dexcom Inc. | 0.35% | 54,992 | $3.8M | Reduce -9.3% |
| XLK SS Technology Select Sector | 0.34% | 17,358 | $3.6M | Add +12.7% |
| IVV iShares Core S&P 500 ETF | 0.32% | 6,151 | $3.5M | Reduce -3.2% |
| COP Conocophillips | 0.31% | 31,487 | $3.3M | Reduce -2.2% |
| RSP Invesco S&P 500 Equal Weight | 0.29% | 18,096 | $3.1M | Reduce -3.6% |
| C Citigroup Inc. | 0.28% | 42,767 | $3.0M | New |
| BALL Ball Corp. | 0.27% | 55,684 | $2.9M | Add +0.1% |
| CRVL Corvel Corp. | 0.27% | 25,398 | $2.8M | No change |
| AVGO Broadcom Inc. | 0.26% | 16,594 | $2.8M | Reduce -0.1% |
| NKE Nike Inc. Class B | 0.26% | 43,451 | $2.8M | Reduce -11.6% |
| TIP iShares Tips Bond ETF | 0.25% | 24,213 | $2.7M | Reduce -3.4% |
| IJH iShares Core S&P Midcap ETF | 0.23% | 42,785 | $2.5M | Reduce -12.3% |
| IJR iShares Core S&P Small-Cap E | 0.23% | 23,635 | $2.5M | Add +18.8% |
| XOM Exxon Mobil Corp. | 0.20% | 18,382 | $2.2M | Reduce -1.5% |
| CCI Crown Castle Inc. | 0.20% | 20,691 | $2.2M | Reduce -25.3% |
| IWM iShares Russell 2000 ETF | 0.20% | 10,712 | $2.1M | Reduce -22.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.20% | 4,489 | $2.1M | Add +5.9% |
| IBB iShares Biotechnology ETF | 0.19% | 16,282 | $2.1M | Reduce -28.8% |
| VOO Vanguard S&P 500 ETF | 0.19% | 4,037 | $2.1M | Add +58.1% |
| NOC Northrop Grumman Corp. | 0.19% | 3,997 | $2.0M | Reduce -47.2% |
| LLY Eli Lilly & Co. | 0.19% | 2,445 | $2.0M | Reduce -3.4% |
| XLF SS Financial Select Sector | 0.17% | 37,122 | $1.8M | Add +50.1% |
| PEP Pepsico Inc. | 0.17% | 12,221 | $1.8M | Reduce -11.6% |
| PRCT Procept Biorobotics Corp. | 0.17% | 31,440 | $1.8M | Reduce -25.0% |
| SBUX Starbucks Corp. | 0.17% | 18,594 | $1.8M | Add +7.1% |
| OUNZ Vaneck Merk Gold ETF | 0.17% | 59,795 | $1.8M | Add +20.4% |
| DASH DoorDash Inc. Class A | 0.16% | 9,267 | $1.7M | Reduce -17.8% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -3.5% | 5.97% | −1.38 |
| NOW ServiceNow Inc. | Reduce -1.1% | 1.92% | −0.56 |
| LMT Lockheed Martin Corp. | Reduce -64.5% | 0.12% | −0.22 |
| ADBE Adobe Inc. | Reduce -16.0% | 0.57% | −0.18 |
| XLE SS Energy Select Sector | Reduce -27.6% | 0.62% | −0.13 |
| PRCT Procept Biorobotics Corp. | Reduce -25.0% | 0.17% | −0.13 |
| NOC Northrop Grumman Corp. | Reduce -47.2% | 0.19% | −0.13 |
| UNH Unitedhealth Group Inc. | Reduce -65.6% | 0.06% | −0.10 |
| AVGO Broadcom Inc. | Reduce -0.1% | 0.26% | −0.09 |
| TEAM Atlassian Corp. Class A | Reduce -32.5% | 0.13% | −0.08 |
| RDDT Reddit Inc. Class A | Reduce -23.3% | 0.08% | −0.08 |
| IBB iShares Biotechnology ETF | Reduce -28.8% | 0.19% | −0.08 |
| NKE Nike Inc. Class B | Reduce -11.6% | 0.26% | −0.08 |
| IWM iShares Russell 2000 ETF | Reduce -22.5% | 0.20% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -6.3% | 1.00% | −0.07 |
| DXCM Dexcom Inc. | Reduce -9.3% | 0.35% | −0.07 |
| TSLA Tesla Inc. | Reduce -11.3% | 0.10% | −0.07 |
| TGT Target Corp. | Reduce -27.1% | 0.08% | −0.05 |
| XBI SS SPDR S&P Biotech ETF | Reduce -27.7% | 0.11% | −0.05 |
| SLB SLB Ltd. | Reduce -18.9% | 0.48% | −0.04 |
| CI The Cigna Group | Reduce -63.1% | 0.03% | −0.04 |
| IJH iShares Core S&P Midcap ETF | Reduce -12.3% | 0.23% | −0.04 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.03 |
| CCI Crown Castle Inc. | Reduce -25.3% | 0.20% | −0.02 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.02 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.02 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.02 |
| OIH Vaneck Oil Services ETF | Reduce -25.5% | 0.06% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.02 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.02 |
| EQIX Equinix Inc. | Reduce -6.8% | 0.09% | −0.02 |
| RHI Robert Half Inc. | Reduce -25.0% | 0.03% | −0.02 |
| PEP Pepsico Inc. | Reduce -11.6% | 0.17% | −0.02 |
| TWLO Twilio Inc. Class A | Reduce -26.6% | 0.04% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -17.7% | 0.06% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -17.5% | 0.05% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -3.2% | 0.32% | −0.01 |
| A Agilent Technologies Inc. | Reduce -3.7% | 0.08% | −0.01 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -36.6% | 0.02% | −0.01 |
| DASH DoorDash Inc. Class A | Reduce -17.8% | 0.16% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -14.6% | 0.02% | −0.01 |
| AXP American Express Co. | Reduce -2.3% | 0.11% | −0.01 |
| HPE Hewlett Packard Enterprise | Reduce -9.5% | 0.02% | −0.01 |
| EEM iShares MSCI Emerging Market | Reduce -15.1% | 0.10% | −0.01 |
| HPQ HP Inc. | Reduce -9.7% | 0.03% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -4.8% | 0.11% | −0.01 |
| SWK Stanley Black & Decker Inc. | Reduce -20.9% | 0.02% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -13.0% | 0.06% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Reduce -5.1% | 0.02% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| PWR Quanta Services Inc. | Add +216.0% | 0.71% | +0.45 |
| UBER Uber Technologies Inc. | Add +8.1% | 1.20% | +0.32 |
| GLD SPDR Gold Shares | Add +7.4% | 1.14% | +0.29 |
| C Citigroup Inc. | New | 0.28% | +0.28 |
| JPM JPMorgan Chase & Co. | Add +6.4% | 2.20% | +0.26 |
| V Visa Inc. Class A | Add +0.7% | 1.59% | +0.23 |
| TMUS T-Mobile US Inc. | Add +10.3% | 0.76% | +0.21 |
| NFLX Netflix Inc. | Add +8.2% | 1.37% | +0.21 |
| BR Broadridge Financial Solutio | Add +20.1% | 0.82% | +0.21 |
| SYK Stryker Corp. | Add +9.6% | 1.29% | +0.20 |
| COST Costco Wholesale Corp. | Add +1.1% | 2.43% | +0.20 |
| ABT Abbott Laboratories | Add +4.7% | 0.75% | +0.16 |
| PNC PNC Financial Services Group | New | 0.16% | +0.16 |
| VEEV Veeva Systems Inc. Class A | Add +0.2% | 1.16% | +0.15 |
| TOL Toll Brothers Inc. | Add +45.5% | 0.68% | +0.15 |
| VRT Vertiv Holdings Co. Class A | Add +108.2% | 0.50% | +0.14 |
| XLV SS Health Care Select Sector | Add +24.2% | 0.50% | +0.14 |
| IBDY iShares Ibonds Dec 2033 Corp. | New | 0.13% | +0.13 |
| MA Mastercard Inc. Class A | Add +8.7% | 0.87% | +0.13 |
| BLK BlackRock Inc. | Add +30.6% | 0.64% | +0.13 |
| APH Amphenol Corp. Class A | Add +13.1% | 1.17% | +0.12 |
| CMA Comerica Inc. | New | 0.12% | +0.12 |
| META Meta Platforms Inc. Class A | Add +1.6% | 2.71% | +0.11 |
| IDXX Idexx Laboratories Inc. | Add +6.3% | 0.88% | +0.10 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +7.2% | 0.84% | +0.10 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +7.0% | 0.88% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +10.5% | 0.37% | +0.10 |
| DE Deere & Co. | Add +1.2% | 0.63% | +0.09 |
| WMT Walmart Inc. | Add +10.5% | 0.85% | +0.09 |
| IBDR iShares Ibonds Dec 2026 Term | Add +6.8% | 0.82% | +0.09 |
| IBDU iShares Ibonds Dec 2029 Term | Add +5.8% | 0.75% | +0.08 |
| NET Cloudflare Inc. Class A | Add +6.7% | 0.53% | +0.08 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +6.5% | 0.65% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +58.1% | 0.19% | +0.07 |
| XLF SS Financial Select Sector | Add +50.1% | 0.17% | +0.07 |
| XLI SS Industrial Select Sector | Add +5.6% | 0.70% | +0.06 |
| ZTS Zoetis Inc. | Add +0.6% | 1.04% | +0.06 |
| OUNZ Vaneck Merk Gold ETF | Add +20.4% | 0.17% | +0.06 |
| MSFT Microsoft Corp. | Add +9.4% | 3.04% | +0.05 |
| INTU Intuit Inc. | Add +0.6% | 1.80% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +3.4% | 1.43% | +0.04 |
| MS Morgan Stanley | Add +7.3% | 1.13% | +0.04 |
| SCHF Schwab Intl Equity ETF | Add +82.4% | 0.08% | +0.04 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +3.0% | 0.47% | +0.04 |
| FLR Fluor Corp. | New | 0.04% | +0.04 |
| IBDX iShares Ibonds Dec 2032 TC | Add +0.4% | 0.50% | +0.03 |
| SNOW Snowflake Inc. | Add +5.1% | 0.83% | +0.03 |
| SBUX Starbucks Corp. | Add +7.1% | 0.17% | +0.03 |
| TFC Truist Financial Corp. | New | 0.03% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Add +18.8% | 0.23% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 232 | $1.6B | NVDA, GOOG, GOOGL, PANW, AAPL |
| Q1 2026 | 216 | $1.4B | NVDA, GOOG, GOOGL, AAPL, AMZN |
| Q4 2025 | 213 | $1.4B | NVDA, GOOGL, AAPL, MSFT, AMZN |
| Q3 2025 | 211 | $1.3B | NVDA, AAPL, MSFT, META, AMZN |
| Q2 2025 | 219 | $1.3B | NVDA, MSFT, META, AAPL, AMZN |
| Q1 2025 | 202 | $1.1B | NVDA, AAPL, MSFT, AMZN, META |
| Q4 2024 | 200 | $1.1B | NVDA, AAPL, AMZN, MSFT, META |
| Q3 2024 | 207 | $1.1B | NVDA, AAPL, MSFT, AMZN, META |
| Q2 2024 | 199 | $1.0B | NVDA, AAPL, MSFT, AMZN, PANW |
| Q1 2024 | 197 | $983.5M | NVDA, MSFT, AAPL, AMZN, WDAY |