Lyell Wealth Management, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Lyell Wealth Management, LP reported 211 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 8.2% of the portfolio, followed by Apple (AAPL, 3.4%) and Microsoft (MSFT, 3.4%). Compared with Q2 2025, it opened 5 new positions, sold out of 13, added to 70 and reduced 72. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Salesforce (CRM, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001686444
- Portfolio Value
- $1.3B (Q3 2025)
- SEC Filing
- 0001104659-25-107812 ↗ filed Nov 6, 2025
Holdings Value
Holdings 211 stocks · $1.3B
| NVDA Nvidia Corp. | 8.18% | 590,528 | $110.2M | Reduce -0.6% |
| AAPL Apple Inc. | 3.43% | 181,525 | $46.2M | Reduce -1.1% |
| MSFT Microsoft Corp. | 3.35% | 87,113 | $45.1M | Reduce -3.3% |
| META Meta Platforms Inc. Class A | 2.83% | 51,860 | $38.1M | Add +0.3% |
| AMZN Amazon.com Inc. | 2.77% | 169,794 | $37.3M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 2.76% | 152,979 | $37.2M | Add +0.3% |
| PANW Palo Alto Networks Inc. | 2.56% | 168,972 | $34.4M | Add +2.5% |
| JPM JPMorgan Chase & Co. | 2.27% | 96,673 | $30.5M | Reduce -3.6% |
| COST Costco Wholesale Corp. | 1.99% | 28,933 | $26.8M | Add +2.1% |
| SMH Vaneck Semiconductor ETF | 1.87% | 77,269 | $25.2M | Add +6.2% |
| SHOP Shopify Inc. Class A | 1.82% | 164,768 | $24.5M | Reduce -0.0% |
| NOW ServiceNow Inc. | 1.81% | 26,454 | $24.3M | Reduce -0.1% |
| APH Amphenol Corp. Class A | 1.79% | 195,275 | $24.2M | Reduce -0.1% |
| INTU Intuit Inc. | 1.68% | 33,084 | $22.6M | Add +4.5% |
| GOOG Alphabet Inc. Class C | 1.67% | 92,321 | $22.5M | Reduce -0.8% |
| DHI D.R. Horton Inc. | 1.50% | 118,837 | $20.1M | Add +3.7% |
| NFLX Netflix Inc. | 1.49% | 16,739 | $20.1M | Add +3.4% |
| ASML ASML Holding NV-NY Reg SHS | 1.47% | 20,500 | $19.8M | Add +5.4% |
| WDAY Workday Inc. Class A | 1.46% | 81,561 | $19.6M | Reduce -13.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.43% | 68,802 | $19.2M | Add +0.7% |
| UBER Uber Technologies Inc. | 1.37% | 188,415 | $18.5M | Add +1.4% |
| HD Home Depot Inc. | 1.37% | 45,487 | $18.4M | Add +1.0% |
| V Visa Inc. Class A | 1.35% | 53,047 | $18.1M | Add +1.5% |
| CAT Caterpillar Inc. | 1.34% | 37,855 | $18.1M | Add +1.3% |
| CDNS Cadence Design SYS Inc. | 1.32% | 50,784 | $17.8M | Add +0.9% |
| MS Morgan Stanley | 1.28% | 108,798 | $17.3M | Add +0.5% |
| ISRG Intuitive Surgical Inc. | 1.21% | 36,386 | $16.3M | Add +2.0% |
| VEEV Veeva Systems Inc. Class A | 1.20% | 54,136 | $16.1M | Reduce -0.1% |
| VRT Vertiv Holdings Co. Class A | 1.19% | 106,056 | $16.0M | Add +0.9% |
| TMO Thermo Fisher Scientific Inc. | 1.18% | 32,770 | $15.9M | Add +2.0% |
| PWR Quanta Services Inc. | 1.14% | 37,002 | $15.3M | Add +4.0% |
| IDXX Idexx Laboratories Inc. | 1.10% | 23,177 | $14.8M | Add +0.1% |
| GLD SPDR Gold Shares | 1.07% | 40,614 | $14.4M | Add +2.0% |
| SYK Stryker Corp. | 1.06% | 38,533 | $14.2M | Add +1.4% |
| CRM Salesforce Inc. | 1.04% | 58,915 | $14.0M | Reduce -9.1% |
| SNOW Snowflake Inc. | 0.98% | 58,354 | $13.2M | Reduce -1.4% |
| AMD Advanced Micro Devices | 0.95% | 79,184 | $12.8M | Reduce -8.7% |
| TOL Toll Brothers Inc. | 0.94% | 91,497 | $12.6M | Add +18.6% |
| WMT Walmart Inc. | 0.92% | 120,410 | $12.4M | Add +1.5% |
| EXTR Extreme Networks Inc. | 0.87% | 568,991 | $11.7M | No change |
| HON Honeywell International Inc. | 0.84% | 53,606 | $11.3M | Add +1.7% |
| NET Cloudflare Inc. Class A | 0.83% | 52,116 | $11.2M | Add +0.6% |
| LEN Lennar Corp. Class A | 0.82% | 87,262 | $11.0M | Add +3.7% |
| MA Mastercard Inc. Class A | 0.82% | 19,308 | $11.0M | Add +2.3% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.80% | 444,280 | $10.8M | Add +8.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.80% | 16,228 | $10.8M | Reduce -0.1% |
| IBDR iShares Ibonds Dec 2026 Term | 0.78% | 434,861 | $10.6M | Add +11.1% |
| DLR Digital Realty Trust Inc. | 0.77% | 59,593 | $10.3M | Add +0.3% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.76% | 403,365 | $10.3M | Add +7.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.76% | 20,349 | $10.2M | Add +20.9% |
| BR Broadridge Financial Solutio | 0.70% | 39,583 | $9.4M | Add +3.8% |
| TMUS T-Mobile US Inc. | 0.70% | 39,382 | $9.4M | Add +4.8% |
| IBDU iShares Ibonds Dec 2029 Term | 0.70% | 399,233 | $9.4M | Add +9.2% |
| BLK BlackRock Inc. | 0.68% | 7,828 | $9.1M | Add +1.3% |
| XLI SS Industrial Select Sector | 0.67% | 58,201 | $9.0M | Add +0.2% |
| ABT Abbott Laboratories | 0.66% | 66,656 | $8.9M | Add +2.8% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.61% | 372,226 | $8.2M | Add +11.7% |
| OWL Blue Owl Capital Inc. | 0.61% | 486,886 | $8.2M | Add +7.5% |
| UNP Union Pacific Corp. | 0.60% | 33,952 | $8.0M | Reduce -1.7% |
| DE Deere & Co. | 0.56% | 16,482 | $7.5M | Add +4.7% |
| VOO Vanguard S&P 500 ETF | 0.49% | 10,830 | $6.6M | Add +11.5% |
| ZTS Zoetis Inc. | 0.49% | 45,237 | $6.6M | Reduce -30.5% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.48% | 256,578 | $6.5M | Reduce -17.3% |
| GWRE Guidewire Software Inc. | 0.46% | 27,212 | $6.3M | Reduce -22.7% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.45% | 286,096 | $6.1M | Add +13.1% |
| IBDX iShares Ibonds Dec 2032 TC | 0.44% | 230,925 | $5.9M | Add +5.9% |
| FCX Freeport-McMoran Inc. | 0.41% | 140,318 | $5.5M | Add +0.7% |
| AVGO Broadcom Inc. | 0.40% | 16,413 | $5.4M | Reduce -0.5% |
| XLK SS Technology Select Sector | 0.38% | 17,955 | $5.1M | Reduce -1.9% |
| XLV SS Health Care Select Sector | 0.35% | 34,145 | $4.8M | Reduce -4.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 89,038 | $4.6M | Reduce -0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.33% | 39,200 | $4.5M | Reduce -2.8% |
| IVV iShares Core S&P 500 ETF | 0.30% | 6,106 | $4.1M | Add +0.2% |
| CVX Chevron Corp. | 0.29% | 25,006 | $3.9M | Reduce -11.3% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.28% | 77,522 | $3.8M | Reduce -15.8% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.23% | 118,270 | $3.1M | Add +31.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 5,016 | $3.0M | Add +1.2% |
| OUNZ Vaneck Merk Gold ETF | 0.21% | 76,495 | $2.8M | Add +27.9% |
| TIP iShares Tips Bond ETF | 0.20% | 24,768 | $2.8M | Add +1.9% |
| DXCM Dexcom Inc. | 0.20% | 39,147 | $2.6M | Reduce -16.4% |
| RSP Invesco S&P 500 Equal Weight | 0.19% | 13,784 | $2.6M | Add +1.2% |
| IJH iShares Core S&P Midcap ETF | 0.18% | 37,660 | $2.5M | Reduce -6.0% |
| XOM Exxon Mobil Corp. | 0.18% | 21,021 | $2.4M | Reduce -2.7% |
| XLE SS Energy Select Sector | 0.17% | 25,180 | $2.2M | Reduce -20.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.17% | 65,414 | $2.2M | Reduce -14.3% |
| IWM iShares Russell 2000 ETF | 0.17% | 9,274 | $2.2M | Add +0.9% |
| COP Conocophillips | 0.16% | 22,627 | $2.1M | Reduce -4.6% |
| BALL Ball Corp. | 0.16% | 42,149 | $2.1M | Reduce -14.9% |
| CRVL Corvel Corp. | 0.15% | 25,398 | $2.0M | No change |
| RDDT Reddit Inc. Class A | 0.14% | 8,037 | $1.8M | Reduce -2.4% |
| LLY Eli Lilly & Co. | 0.14% | 2,409 | $1.8M | Add +0.8% |
| TSLA Tesla Inc. | 0.13% | 4,004 | $1.8M | Reduce -0.9% |
| IJR iShares Core S&P Small-Cap E | 0.12% | 13,795 | $1.6M | Add +16.9% |
| MU Micron Technology Inc. | 0.12% | 9,417 | $1.6M | Reduce -5.0% |
| IWF iShares Russell 1000 Growth | 0.12% | 3,320 | $1.6M | No change |
| EFA iShares MSCI Eafe ETF | 0.11% | 16,542 | $1.5M | Reduce -2.7% |
| FDN First Trust DJ Internet Ind | 0.11% | 5,506 | $1.5M | Reduce -4.2% |
| LOW Lowe's Cos Inc. | 0.11% | 6,114 | $1.5M | Reduce -14.9% |
| DASH DoorDash Inc. Class A | 0.11% | 5,500 | $1.5M | Reduce -5.2% |
| AXP American Express Co. | 0.10% | 4,205 | $1.4M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| CRM Salesforce Inc. | Reduce -9.1% | 1.04% | −0.36 |
| NOW ServiceNow Inc. | Reduce -0.1% | 1.81% | −0.34 |
| WDAY Workday Inc. Class A | Reduce -13.4% | 1.46% | −0.33 |
| ZTS Zoetis Inc. | Reduce -30.5% | 0.49% | −0.31 |
| TTD Trade Desk Inc./the Class A | Reduce -15.8% | 0.28% | −0.24 |
| ADBE Adobe Inc. | Reduce -75.6% | 0.06% | −0.23 |
| GWRE Guidewire Software Inc. | Reduce -22.7% | 0.46% | −0.19 |
| MSFT Microsoft Corp. | Reduce -3.3% | 3.35% | −0.19 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.14 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -17.3% | 0.48% | −0.14 |
| DXCM Dexcom Inc. | Reduce -16.4% | 0.20% | −0.13 |
| C Citigroup Inc. | Sold out | 0.00% | −0.10 |
| CCI Crown Castle Inc. | Reduce -40.8% | 0.08% | −0.07 |
| SNOW Snowflake Inc. | Reduce -1.4% | 0.98% | −0.07 |
| DIS The Walt Disney Co. | Reduce -2.8% | 0.33% | −0.06 |
| BALL Ball Corp. | Reduce -14.9% | 0.16% | −0.06 |
| NKE Nike Inc. Class B | Reduce -29.7% | 0.09% | −0.05 |
| TEAM Atlassian Corp. Class A | Reduce -25.5% | 0.06% | −0.05 |
| XLE SS Energy Select Sector | Reduce -20.2% | 0.17% | −0.04 |
| XLF SS Financial Select Sector | Reduce -28.8% | 0.09% | −0.04 |
| SLB SLB Ltd. | Reduce -14.3% | 0.17% | −0.04 |
| VEEV Veeva Systems Inc. Class A | Reduce -0.1% | 1.20% | −0.04 |
| UNP Union Pacific Corp. | Reduce -1.7% | 0.60% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -3.6% | 2.27% | −0.03 |
| CVX Chevron Corp. | Reduce -11.3% | 0.29% | −0.03 |
| SBUX Starbucks Corp. | Reduce -20.3% | 0.06% | −0.03 |
| EQIX Equinix Inc. | Reduce -30.1% | 0.05% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -4.1% | 0.35% | −0.03 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.02 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.02 |
| AMD Advanced Micro Devices | Reduce -8.7% | 0.95% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.02 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.02 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.02 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.02 |
| DJP Ipath Bloomberg Commodity Inc. | Sold out | 0.00% | −0.02 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.02 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -6.0% | 0.18% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -14.9% | 0.11% | −0.01 |
| F Ford Motor Co. | Sold out | 0.00% | −0.01 |
| TWLO Twilio Inc. Class A | Reduce -7.6% | 0.02% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -19.2% | 0.05% | −0.01 |
| COP Conocophillips | Reduce -4.6% | 0.16% | −0.01 |
| MELI MercadoLibre Inc. | Reduce -1.2% | 0.04% | −0.01 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -2.7% | 0.18% | −0.01 |
| FDN First Trust DJ Internet Ind | Reduce -4.2% | 0.11% | −0.01 |
| PEP Pepsico Inc. | Reduce -8.2% | 0.09% | −0.01 |
| USIG iShares Broad Usd Investment | Reduce -17.7% | 0.03% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +0.3% | 2.76% | +0.64 |
| DHI D.R. Horton Inc. | Add +3.7% | 1.50% | +0.33 |
| SMH Vaneck Semiconductor ETF | Add +6.2% | 1.87% | +0.27 |
| TOL Toll Brothers Inc. | Add +18.6% | 0.94% | +0.24 |
| ASML ASML Holding NV-NY Reg SHS | Add +5.4% | 1.47% | +0.24 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.7% | 1.43% | +0.20 |
| CAT Caterpillar Inc. | Add +1.3% | 1.34% | +0.20 |
| TMO Thermo Fisher Scientific Inc. | Add +2.0% | 1.18% | +0.15 |
| VRT Vertiv Holdings Co. Class A | Add +0.9% | 1.19% | +0.12 |
| IDXX Idexx Laboratories Inc. | Add +0.1% | 1.10% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +20.9% | 0.76% | +0.11 |
| GLD SPDR Gold Shares | Add +2.0% | 1.07% | +0.11 |
| CDNS Cadence Design SYS Inc. | Add +0.9% | 1.32% | +0.10 |
| LEN Lennar Corp. Class A | Add +3.7% | 0.82% | +0.08 |
| MS Morgan Stanley | Add +0.5% | 1.28% | +0.08 |
| PWR Quanta Services Inc. | Add +4.0% | 1.14% | +0.08 |
| HD Home Depot Inc. | Add +1.0% | 1.37% | +0.07 |
| OUNZ Vaneck Merk Gold ETF | Add +27.9% | 0.21% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +11.5% | 0.49% | +0.06 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +31.1% | 0.23% | +0.05 |
| BLK BlackRock Inc. | Add +1.3% | 0.68% | +0.04 |
| IBDR iShares Ibonds Dec 2026 Term | Add +11.1% | 0.78% | +0.03 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | New | 0.03% | +0.03 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +11.7% | 0.61% | +0.03 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +13.1% | 0.45% | +0.03 |
| NET Cloudflare Inc. Class A | Add +0.6% | 0.83% | +0.03 |
| ITB iShares U.S. Home Constructi | Add +32.3% | 0.07% | +0.02 |
| IBDU iShares Ibonds Dec 2029 Term | Add +9.2% | 0.70% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +16.9% | 0.12% | +0.02 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +8.5% | 0.80% | +0.02 |
| SCHB Schwab US Broad Market ETF | New | 0.02% | +0.02 |
| TEX Terex Corp. | New | 0.02% | +0.02 |
| AMAT Applied Materials Inc. | New | 0.01% | +0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +7.9% | 0.76% | +0.01 |
| XHB SS SPDR S&P Homebldrs ETF | Add +15.4% | 0.07% | +0.01 |
| IBB iShares Biotechnology ETF | Add +11.7% | 0.07% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +0.9% | 0.17% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +24.2% | 0.05% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.2% | 0.22% | +0.01 |
| ANET Arista Networks Inc. | Add +1.5% | 0.02% | +0.01 |
| WMT Walmart Inc. | Add +1.5% | 0.92% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.2% | 0.30% | +0.00 |
| GRAB Grab Holdings Ltd. Class A | Add +13.8% | 0.02% | +0.00 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +1.5% | 0.08% | +0.00 |
| IBDX iShares Ibonds Dec 2032 TC | Add +5.9% | 0.44% | +0.00 |
| OIH Vaneck Oil Services ETF | Add +6.5% | 0.03% | +0.00 |
| SANA Sana Biotechnology Inc. | New | 0.00% | +0.00 |
| VGT Vanguard Info Tech ETF | Add +2.7% | 0.03% | +0.00 |
| UBER Uber Technologies Inc. | Add +1.4% | 1.37% | +0.00 |
| ETN Eaton Corp. PLC | Add +2.3% | 0.03% | +0.00 |
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 |