Lyell Wealth Management, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Lyell Wealth Management, LP reported 219 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 7.4% of the portfolio, followed by Microsoft (MSFT, 3.5%) and Meta Platforms Class A (META, 3.0%). Compared with Q1 2025, it opened 27 new positions, sold out of 10, added to 79 and reduced 70. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001686444
- Portfolio Value
- $1.3B (Q2 2025)
- SEC Filing
- 0001104659-25-071730 ↗ filed Jul 29, 2025
Holdings Value
Holdings 219 stocks · $1.3B
| NVDA Nvidia Corp. | 7.42% | 594,220 | $93.9M | Add +0.8% |
| MSFT Microsoft Corp. | 3.54% | 90,100 | $44.8M | Add +4.0% |
| META Meta Platforms Inc. Class A | 3.02% | 51,726 | $38.2M | Add +2.9% |
| AAPL Apple Inc. | 2.97% | 183,514 | $37.7M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 2.93% | 169,355 | $37.2M | Add +2.1% |
| PANW Palo Alto Networks Inc. | 2.66% | 164,836 | $33.7M | Add +2.6% |
| JPM JPMorgan Chase & Co. | 2.30% | 100,270 | $29.1M | Add +4.7% |
| COST Costco Wholesale Corp. | 2.22% | 28,341 | $28.1M | Add +3.1% |
| NOW ServiceNow Inc. | 2.15% | 26,495 | $27.2M | Add +2.9% |
| GOOGL Alphabet Inc. Class A | 2.12% | 152,482 | $26.9M | Add +5.4% |
| INTU Intuit Inc. | 1.97% | 31,675 | $24.9M | Add +0.8% |
| WDAY Workday Inc. Class A | 1.79% | 94,187 | $22.6M | Add +1.0% |
| NFLX Netflix Inc. | 1.71% | 16,196 | $21.7M | Add +2.8% |
| SMH Vaneck Semiconductor ETF | 1.60% | 72,746 | $20.3M | Add +6.2% |
| ISRG Intuitive Surgical Inc. | 1.53% | 35,658 | $19.4M | Add +3.4% |
| APH Amphenol Corp. Class A | 1.53% | 195,573 | $19.3M | Add +2.9% |
| SHOP Shopify Inc. Class A | 1.50% | 164,816 | $19.0M | Add +2.8% |
| V Visa Inc. Class A | 1.47% | 52,274 | $18.6M | Add +7.4% |
| CRM Salesforce Inc. | 1.40% | 64,808 | $17.7M | Reduce -1.9% |
| UBER Uber Technologies Inc. | 1.37% | 185,905 | $17.3M | Add +5.4% |
| GOOG Alphabet Inc. Class C | 1.30% | 93,102 | $16.5M | Add +2.4% |
| HD Home Depot Inc. | 1.30% | 45,026 | $16.5M | Add +1.4% |
| VEEV Veeva Systems Inc. Class A | 1.23% | 54,208 | $15.6M | Add +1.1% |
| ASML ASML Holding NV-NY Reg SHS | 1.23% | 19,457 | $15.6M | Reduce -0.1% |
| CDNS Cadence Design SYS Inc. | 1.23% | 50,339 | $15.5M | Add +4.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.22% | 68,360 | $15.5M | Add +5.6% |
| MS Morgan Stanley | 1.20% | 108,280 | $15.3M | Add +4.8% |
| SYK Stryker Corp. | 1.19% | 38,010 | $15.0M | Add +2.3% |
| DHI D.R. Horton Inc. | 1.17% | 114,625 | $14.8M | Add +3.3% |
| CAT Caterpillar Inc. | 1.15% | 37,363 | $14.5M | Add +4.0% |
| VRT Vertiv Holdings Co. Class A | 1.07% | 105,062 | $13.5M | Add +41.6% |
| PWR Quanta Services Inc. | 1.06% | 35,571 | $13.4M | Add +18.3% |
| SNOW Snowflake Inc. | 1.05% | 59,176 | $13.2M | Reduce -2.5% |
| TMO Thermo Fisher Scientific Inc. | 1.03% | 32,114 | $13.0M | Add +4.3% |
| IDXX Idexx Laboratories Inc. | 0.98% | 23,142 | $12.4M | Add +3.0% |
| AMD Advanced Micro Devices | 0.97% | 86,746 | $12.3M | Reduce -4.4% |
| HON Honeywell International Inc. | 0.97% | 52,726 | $12.3M | Add +1.9% |
| GLD SPDR Gold Shares | 0.96% | 39,810 | $12.1M | Reduce -6.0% |
| WMT Walmart Inc. | 0.92% | 118,633 | $11.6M | Add +14.1% |
| MA Mastercard Inc. Class A | 0.84% | 18,866 | $10.6M | Add +11.4% |
| DLR Digital Realty Trust Inc. | 0.82% | 59,419 | $10.4M | Add +2.5% |
| EXTR Extreme Networks Inc. | 0.81% | 568,991 | $10.2M | No change |
| ZTS Zoetis Inc. | 0.80% | 65,082 | $10.1M | Reduce -3.4% |
| NET Cloudflare Inc. Class A | 0.80% | 51,823 | $10.1M | Add +2.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.79% | 16,241 | $10.0M | Reduce -15.5% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.78% | 409,350 | $9.9M | Add +5.1% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.75% | 373,853 | $9.5M | Add +5.4% |
| IBDR iShares Ibonds Dec 2026 Term | 0.75% | 391,583 | $9.5M | Add +7.4% |
| LEN Lennar Corp. Class A | 0.74% | 84,184 | $9.3M | Add +1.1% |
| BR Broadridge Financial Solutio | 0.73% | 38,127 | $9.3M | Add +5.9% |
| TMUS T-Mobile US Inc. | 0.71% | 37,579 | $9.0M | Add +23.4% |
| ABT Abbott Laboratories | 0.70% | 64,861 | $8.8M | Add +7.9% |
| TOL Toll Brothers Inc. | 0.70% | 77,178 | $8.8M | Add +12.0% |
| OWL Blue Owl Capital Inc. | 0.69% | 453,017 | $8.7M | New |
| XLI SS Industrial Select Sector | 0.68% | 58,086 | $8.6M | Add +2.4% |
| IBDU iShares Ibonds Dec 2029 Term | 0.67% | 365,736 | $8.5M | Add +5.5% |
| GWRE Guidewire Software Inc. | 0.65% | 35,190 | $8.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 16,827 | $8.2M | Add +128.2% |
| BLK BlackRock Inc. | 0.64% | 7,729 | $8.1M | Add +6.3% |
| DE Deere & Co. | 0.63% | 15,749 | $8.0M | Add +9.5% |
| UNP Union Pacific Corp. | 0.63% | 34,553 | $7.9M | Add +3.1% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.62% | 310,222 | $7.8M | Reduce -12.1% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.58% | 333,362 | $7.3M | Add +3.5% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.52% | 92,072 | $6.6M | Reduce -6.4% |
| FCX Freeport-McMoran Inc. | 0.48% | 139,365 | $6.0M | Reduce -1.3% |
| VOO Vanguard S&P 500 ETF | 0.44% | 9,713 | $5.5M | Add +140.6% |
| IBDX iShares Ibonds Dec 2032 TC | 0.44% | 218,025 | $5.5M | Add +1.5% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.42% | 253,000 | $5.3M | Add +3.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.40% | 40,336 | $5.0M | Add +4.2% |
| XLV SS Health Care Select Sector | 0.38% | 35,621 | $4.8M | Reduce -2.8% |
| XLK SS Technology Select Sector | 0.37% | 18,313 | $4.6M | Add +5.5% |
| AVGO Broadcom Inc. | 0.36% | 16,490 | $4.5M | Reduce -0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 89,494 | $4.2M | Reduce -0.9% |
| DXCM Dexcom Inc. | 0.32% | 46,836 | $4.1M | Reduce -14.8% |
| CVX Chevron Corp. | 0.32% | 28,181 | $4.0M | Reduce -39.3% |
| IVV iShares Core S&P 500 ETF | 0.30% | 6,093 | $3.8M | Reduce -0.9% |
| ADBE Adobe Inc. | 0.29% | 9,466 | $3.7M | Reduce -40.0% |
| BALL Ball Corp. | 0.22% | 49,507 | $2.8M | Reduce -11.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 4,956 | $2.7M | Add +10.4% |
| TIP iShares Tips Bond ETF | 0.21% | 24,308 | $2.7M | Add +0.4% |
| XLE SS Energy Select Sector | 0.21% | 31,539 | $2.7M | Reduce -55.4% |
| CRVL Corvel Corp. | 0.21% | 25,398 | $2.6M | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.20% | 76,366 | $2.6M | Reduce -38.3% |
| IJH iShares Core S&P Midcap ETF | 0.20% | 40,085 | $2.5M | Reduce -6.3% |
| RSP Invesco S&P 500 Equal Weight | 0.20% | 13,615 | $2.5M | Reduce -24.8% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.18% | 90,245 | $2.3M | Add +60.8% |
| XOM Exxon Mobil Corp. | 0.18% | 21,596 | $2.3M | Add +17.5% |
| COP Conocophillips | 0.17% | 23,707 | $2.1M | Reduce -24.7% |
| IWM iShares Russell 2000 ETF | 0.16% | 9,192 | $2.0M | Reduce -14.2% |
| OUNZ Vaneck Merk Gold ETF | 0.15% | 59,795 | $1.9M | No change |
| CCI Crown Castle Inc. | 0.15% | 18,298 | $1.9M | Reduce -11.6% |
| LLY Eli Lilly & Co. | 0.15% | 2,391 | $1.9M | Reduce -2.2% |
| PRCT Procept Biorobotics Corp. | 0.14% | 31,440 | $1.8M | No change |
| PNC PNC Financial Services Group | 0.14% | 9,577 | $1.8M | No change |
| NKE Nike Inc. Class B | 0.14% | 24,073 | $1.7M | Reduce -44.6% |
| XLF SS Financial Select Sector | 0.13% | 31,989 | $1.7M | Reduce -13.8% |
| LOW Lowe's Cos Inc. | 0.13% | 7,183 | $1.6M | Add +37.0% |
| FDN First Trust DJ Internet Ind | 0.12% | 5,747 | $1.5M | Add +0.7% |
| EFA iShares MSCI Eafe ETF | 0.12% | 17,000 | $1.5M | Reduce -9.5% |
| DASH DoorDash Inc. Class A | 0.11% | 5,800 | $1.4M | Reduce -37.4% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -1.4% | 2.97% | −0.89 |
| CVX Chevron Corp. | Reduce -39.3% | 0.32% | −0.41 |
| XLE SS Energy Select Sector | Reduce -55.4% | 0.21% | −0.41 |
| SLB SLB Ltd. | Reduce -38.3% | 0.20% | −0.28 |
| ADBE Adobe Inc. | Reduce -40.0% | 0.29% | −0.28 |
| CRM Salesforce Inc. | Reduce -1.9% | 1.40% | −0.26 |
| ZTS Zoetis Inc. | Reduce -3.4% | 0.80% | −0.24 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -12.1% | 0.62% | −0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -15.5% | 0.79% | −0.21 |
| C Citigroup Inc. | Reduce -65.7% | 0.10% | −0.19 |
| GLD SPDR Gold Shares | Reduce -6.0% | 0.96% | −0.18 |
| COP Conocophillips | Reduce -24.7% | 0.17% | −0.14 |
| IBB iShares Biotechnology ETF | Reduce -64.5% | 0.06% | −0.14 |
| IJR iShares Core S&P Small-Cap E | Reduce -50.0% | 0.10% | −0.13 |
| NKE Nike Inc. Class B | Reduce -44.6% | 0.14% | −0.12 |
| XLV SS Health Care Select Sector | Reduce -2.8% | 0.38% | −0.12 |
| NOC Northrop Grumman Corp. | Reduce -46.2% | 0.08% | −0.11 |
| CMA Comerica Inc. | Reduce -81.1% | 0.02% | −0.10 |
| RSP Invesco S&P 500 Equal Weight | Reduce -24.8% | 0.20% | −0.10 |
| XBI SS SPDR S&P Biotech ETF | Reduce -77.4% | 0.02% | −0.09 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.08 |
| SBUX Starbucks Corp. | Reduce -32.2% | 0.09% | −0.08 |
| PEP Pepsico Inc. | Reduce -26.0% | 0.09% | −0.08 |
| LMT Lockheed Martin Corp. | Reduce -44.3% | 0.06% | −0.06 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.06 |
| TGT Target Corp. | Reduce -65.3% | 0.02% | −0.06 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.05 |
| CCI Crown Castle Inc. | Reduce -11.6% | 0.15% | −0.05 |
| BALL Ball Corp. | Reduce -11.1% | 0.22% | −0.05 |
| DASH DoorDash Inc. Class A | Reduce -37.4% | 0.11% | −0.05 |
| TRMB Trimble Inc. | Sold out | 0.00% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -14.2% | 0.16% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -2.2% | 0.15% | −0.04 |
| MRP Millrose Properties | Reduce -35.4% | 0.06% | −0.04 |
| XLF SS Financial Select Sector | Reduce -13.8% | 0.13% | −0.04 |
| OIH Vaneck Oil Services ETF | Reduce -47.9% | 0.02% | −0.04 |
| IJH iShares Core S&P Midcap ETF | Reduce -6.3% | 0.20% | −0.04 |
| TEAM Atlassian Corp. Class A | Reduce -5.5% | 0.10% | −0.03 |
| HPQ HP Inc. | Sold out | 0.00% | −0.03 |
| DXCM Dexcom Inc. | Reduce -14.8% | 0.32% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -0.9% | 0.30% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -9.5% | 0.12% | −0.02 |
| FCX Freeport-McMoran Inc. | Reduce -1.3% | 0.48% | −0.02 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.02 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.02 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.02 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -8.6% | 0.09% | −0.02 |
| BAC Bank of America Corp. | Reduce -0.9% | 0.33% | −0.02 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +0.8% | 7.42% | +1.44 |
| OWL Blue Owl Capital Inc. | New | 0.69% | +0.69 |
| VRT Vertiv Holdings Co. Class A | Add +41.6% | 1.07% | +0.56 |
| MSFT Microsoft Corp. | Add +4.0% | 3.54% | +0.50 |
| APH Amphenol Corp. Class A | Add +2.9% | 1.53% | +0.36 |
| PWR Quanta Services Inc. | Add +18.3% | 1.06% | +0.35 |
| NFLX Netflix Inc. | Add +2.8% | 1.71% | +0.34 |
| META Meta Platforms Inc. Class A | Add +2.9% | 3.02% | +0.31 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +128.2% | 0.65% | +0.28 |
| NET Cloudflare Inc. Class A | Add +2.1% | 0.80% | +0.27 |
| SMH Vaneck Semiconductor ETF | Add +6.2% | 1.60% | +0.25 |
| VOO Vanguard S&P 500 ETF | Add +140.6% | 0.44% | +0.24 |
| NOW ServiceNow Inc. | Add +2.9% | 2.15% | +0.24 |
| TSM Taiwan Semiconductor-SP ADR | Add +5.6% | 1.22% | +0.22 |
| UBER Uber Technologies Inc. | Add +5.4% | 1.37% | +0.17 |
| INTU Intuit Inc. | Add +0.8% | 1.97% | +0.17 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.10% | +0.10 |
| PANW Palo Alto Networks Inc. | Add +2.6% | 2.66% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +4.7% | 2.30% | +0.10 |
| IDXX Idexx Laboratories Inc. | Add +3.0% | 0.98% | +0.10 |
| CDNS Cadence Design SYS Inc. | Add +4.9% | 1.23% | +0.08 |
| TEL Te Connectivity PLC | New | 0.08% | +0.08 |
| MS Morgan Stanley | Add +4.8% | 1.20% | +0.08 |
| VEEV Veeva Systems Inc. Class A | Add +1.1% | 1.23% | +0.07 |
| SHOP Shopify Inc. Class A | Add +2.8% | 1.50% | +0.07 |
| MDT Medtronic PLC | New | 0.07% | +0.07 |
| WMT Walmart Inc. | Add +14.1% | 0.92% | +0.06 |
| JCI Johnson Controls Internation | Add +196.2% | 0.08% | +0.06 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +60.8% | 0.18% | +0.05 |
| IGV iShares Expanded Tech-Softwa | Add +97.6% | 0.09% | +0.05 |
| DLR Digital Realty Trust Inc. | Add +2.5% | 0.82% | +0.04 |
| BKNG Booking Holdings Inc. | New | 0.04% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | New | 0.04% | +0.04 |
| CAT Caterpillar Inc. | Add +4.0% | 1.15% | +0.04 |
| DIS The Walt Disney Co. | Add +4.2% | 0.40% | +0.04 |
| DHR Danaher Corp. | New | 0.04% | +0.04 |
| VGK Vanguard Ftse Europe ETF | New | 0.04% | +0.04 |
| VNQ Vanguard Real Estate ETF | New | 0.03% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +5.4% | 2.12% | +0.03 |
| XLK SS Technology Select Sector | Add +5.5% | 0.37% | +0.03 |
| VGT Vanguard Info Tech ETF | New | 0.03% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.03% | +0.03 |
| EWJ iShares MSCI Japan ETF | New | 0.02% | +0.02 |
| TRV The Travelers Cos Inc. | New | 0.02% | +0.02 |
| PHO Invesco Water Resources ETF | New | 0.02% | +0.02 |
| INCO Columbia India Consumer ETF | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | New | 0.02% | +0.02 |
| COHR Coherent Corp. | New | 0.02% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +10.4% | 0.22% | +0.02 |
| EWN iShares MSCI Netherlands ETF | New | 0.02% | +0.02 |
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 |