Lyell Wealth Management, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Lyell Wealth Management, LP reported 213 stock positions worth $1.4 billion. Its top holding was Nvidia (NVDA) at 7.8% of the portfolio, followed by Alphabet Class A (GOOGL, 4.1%) and Apple (AAPL, 3.6%). Compared with Q3 2025, it opened 8 new positions, sold out of 7, added to 109 and reduced 68. The biggest buy was Alphabet Class A (GOOGL, shares +19%) and the biggest sale an exit from iShares Ibonds Dec 2025 Term (IBDQ).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001686444
- Portfolio Value
- $1.4B (Q4 2025)
- SEC Filing
- 0001104659-26-013572 ↗ filed Feb 12, 2026
Holdings Value
Holdings 213 stocks · $1.4B
| NVDA Nvidia Corp. | 7.84% | 580,723 | $108.3M | Reduce -1.7% |
| GOOGL Alphabet Inc. Class A | 4.13% | 182,232 | $57.0M | Add +19.1% |
| AAPL Apple Inc. | 3.62% | 183,761 | $50.0M | Add +1.2% |
| MSFT Microsoft Corp. | 3.23% | 92,149 | $44.6M | Add +5.8% |
| AMZN Amazon.com Inc. | 2.92% | 174,649 | $40.3M | Add +2.9% |
| META Meta Platforms Inc. Class A | 2.59% | 54,105 | $35.7M | Add +4.3% |
| JPM JPMorgan Chase & Co. | 2.35% | 100,817 | $32.5M | Add +4.3% |
| PANW Palo Alto Networks Inc. | 2.26% | 169,410 | $31.2M | Add +0.3% |
| SMH Vaneck Semiconductor ETF | 2.03% | 77,668 | $28.0M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 1.94% | 85,356 | $26.8M | Reduce -7.5% |
| SHOP Shopify Inc. Class A | 1.92% | 164,895 | $26.5M | Add +0.1% |
| APH Amphenol Corp. Class A | 1.86% | 189,944 | $25.7M | Reduce -2.7% |
| COST Costco Wholesale Corp. | 1.84% | 29,496 | $25.4M | Add +1.9% |
| INTU Intuit Inc. | 1.58% | 33,026 | $21.9M | Reduce -0.2% |
| ASML ASML Holding NV-NY Reg SHS | 1.58% | 20,429 | $21.9M | Reduce -0.3% |
| CAT Caterpillar Inc. | 1.54% | 37,245 | $21.3M | Reduce -1.6% |
| ISRG Intuitive Surgical Inc. | 1.54% | 37,486 | $21.2M | Add +3.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.51% | 68,788 | $20.9M | Reduce -0.0% |
| NOW ServiceNow Inc. | 1.45% | 130,385 | $20.0M | Reduce -1.4% |
| TMO Thermo Fisher Scientific Inc. | 1.44% | 34,223 | $19.8M | Add +4.4% |
| MS Morgan Stanley | 1.41% | 109,762 | $19.5M | Add +0.9% |
| NFLX Netflix Inc. | 1.40% | 206,381 | $19.4M | Add +23.3% |
| V Visa Inc. Class A | 1.38% | 54,369 | $19.1M | Add +2.5% |
| DHI D.R. Horton Inc. | 1.29% | 123,307 | $17.8M | Add +3.8% |
| VRT Vertiv Holdings Co. Class A | 1.24% | 105,491 | $17.1M | Reduce -0.5% |
| AMD Advanced Micro Devices | 1.20% | 77,387 | $16.6M | Reduce -2.3% |
| CDNS Cadence Design SYS Inc. | 1.18% | 52,277 | $16.3M | Add +2.9% |
| PWR Quanta Services Inc. | 1.18% | 38,459 | $16.2M | Add +3.9% |
| UBER Uber Technologies Inc. | 1.16% | 196,782 | $16.1M | Add +4.4% |
| HD Home Depot Inc. | 1.15% | 46,335 | $15.9M | Add +1.9% |
| IDXX Idexx Laboratories Inc. | 1.14% | 23,313 | $15.8M | Add +0.6% |
| WDAY Workday Inc. Class A | 1.11% | 71,598 | $15.4M | Reduce -12.2% |
| GLD SPDR Gold Shares | 1.04% | 36,330 | $14.4M | Reduce -10.6% |
| SYK Stryker Corp. | 1.03% | 40,610 | $14.3M | Add +5.4% |
| WMT Walmart Inc. | 1.00% | 123,925 | $13.8M | Add +2.9% |
| CRM Salesforce Inc. | 1.00% | 52,094 | $13.8M | Reduce -11.6% |
| SNOW Snowflake Inc. | 0.96% | 60,560 | $13.3M | Add +3.8% |
| TOL Toll Brothers Inc. | 0.94% | 95,644 | $12.9M | Add +4.5% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.92% | 521,963 | $12.7M | Add +17.5% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.88% | 479,315 | $12.2M | Add +18.8% |
| VEEV Veeva Systems Inc. Class A | 0.88% | 54,589 | $12.2M | Add +0.8% |
| IBDR iShares Ibonds Dec 2026 Term | 0.87% | 498,249 | $12.1M | Add +14.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.85% | 23,378 | $11.8M | Add +14.9% |
| IBDU iShares Ibonds Dec 2029 Term | 0.82% | 486,066 | $11.4M | Add +21.8% |
| MA Mastercard Inc. Class A | 0.82% | 19,844 | $11.3M | Add +2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.80% | 16,101 | $11.0M | Reduce -0.8% |
| NET Cloudflare Inc. Class A | 0.75% | 52,369 | $10.3M | Add +0.5% |
| OWL Blue Owl Capital Inc. | 0.75% | 689,455 | $10.3M | Add +41.6% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.72% | 452,987 | $10.0M | Add +21.7% |
| EXTR Extreme Networks Inc. | 0.70% | 582,345 | $9.7M | Add +2.4% |
| HON Honeywell International Inc. | 0.69% | 48,959 | $9.6M | Reduce -8.7% |
| DLR Digital Realty Trust Inc. | 0.66% | 58,992 | $9.1M | Reduce -1.0% |
| BR Broadridge Financial Solutio | 0.66% | 40,619 | $9.1M | Add +2.6% |
| XLI SS Industrial Select Sector | 0.64% | 57,372 | $8.9M | Reduce -1.4% |
| BLK BlackRock Inc. | 0.64% | 8,302 | $8.9M | Add +6.1% |
| DE Deere & Co. | 0.64% | 18,922 | $8.8M | Add +14.8% |
| TMUS T-Mobile US Inc. | 0.60% | 41,038 | $8.3M | Add +4.2% |
| ABT Abbott Laboratories | 0.60% | 65,999 | $8.3M | Reduce -1.0% |
| LEN Lennar Corp. Class A | 0.59% | 78,699 | $8.1M | Reduce -9.8% |
| AVGO Broadcom Inc. | 0.58% | 22,983 | $8.0M | Add +40.0% |
| VOO Vanguard S&P 500 ETF | 0.53% | 11,706 | $7.3M | Add +8.1% |
| UNP Union Pacific Corp. | 0.52% | 31,229 | $7.2M | Reduce -8.0% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.51% | 332,277 | $7.0M | Add +16.1% |
| XLV SS Health Care Select Sector | 0.49% | 43,410 | $6.7M | Add +27.1% |
| IBDX iShares Ibonds Dec 2032 TC | 0.48% | 260,065 | $6.6M | Add +12.6% |
| FCX Freeport-McMoran Inc. | 0.46% | 124,165 | $6.3M | Reduce -11.5% |
| GWRE Guidewire Software Inc. | 0.39% | 26,952 | $5.4M | Reduce -1.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.36% | 89,783 | $4.9M | Add +0.8% |
| XLK SS Technology Select Sector | 0.35% | 33,977 | $4.9M | Reduce -5.4% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.33% | 173,645 | $4.5M | Add +46.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 35,523 | $4.0M | Reduce -9.4% |
| CVX Chevron Corp. | 0.29% | 26,223 | $4.0M | Add +4.9% |
| IVV iShares Core S&P 500 ETF | 0.28% | 5,594 | $3.8M | Reduce -8.4% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 16,026 | $3.1M | Add +16.3% |
| LLY Eli Lilly & Co. | 0.21% | 2,714 | $2.9M | Add +12.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 4,669 | $2.9M | Reduce -6.9% |
| TIP iShares Tips Bond ETF | 0.19% | 24,078 | $2.6M | Reduce -2.8% |
| OUNZ Vaneck Merk Gold ETF | 0.19% | 61,795 | $2.6M | Reduce -19.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.18% | 65,062 | $2.5M | Reduce -0.5% |
| TSLA Tesla Inc. | 0.18% | 5,379 | $2.4M | Add +34.3% |
| MU Micron Technology Inc. | 0.17% | 8,455 | $2.4M | Reduce -10.2% |
| XOM Exxon Mobil Corp. | 0.17% | 19,773 | $2.4M | Reduce -5.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.17% | 15,145 | $2.3M | New |
| IJR iShares Core S&P Small-Cap E | 0.17% | 19,201 | $2.3M | Add +39.2% |
| IWM iShares Russell 2000 ETF | 0.17% | 9,324 | $2.3M | Add +0.5% |
| IJH iShares Core S&P Midcap ETF | 0.16% | 33,485 | $2.2M | Reduce -11.1% |
| IBDZ ISHARESIBONDSDEC2034TMCORP | 0.16% | 82,610 | $2.2M | Add +366.1% |
| XLE SS Energy Select Sector | 0.15% | 44,851 | $2.0M | Reduce -10.9% |
| IBB iShares Biotechnology ETF | 0.13% | 10,830 | $1.8M | Add +67.9% |
| RDDT Reddit Inc. Class A | 0.13% | 7,837 | $1.8M | Reduce -2.5% |
| COP Conocophillips | 0.13% | 18,944 | $1.8M | Reduce -16.3% |
| AXP American Express Co. | 0.12% | 4,477 | $1.7M | Add +6.5% |
| JNJ Johnson & Johnson | 0.12% | 7,943 | $1.6M | Add +7.8% |
| EFA iShares MSCI Eafe ETF | 0.11% | 16,511 | $1.6M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 0.11% | 3,320 | $1.6M | No change |
| CRVL Corvel Corp. | 0.11% | 22,948 | $1.6M | Reduce -9.7% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.11% | 40,000 | $1.5M | Reduce -48.4% |
| LOW Lowe's Cos Inc. | 0.11% | 6,173 | $1.5M | Add +1.0% |
| RTX RTX Corp. | 0.11% | 8,047 | $1.5M | Add +8.6% |
| TEL Te Connectivity PLC | 0.11% | 6,381 | $1.5M | Add +1.1% |
Portfolio Sells Q3 2025 → Q4 2025
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.48 |
| ZTS Zoetis Inc. | Reduce -85.2% | 0.06% | −0.43 |
| NOW ServiceNow Inc. | Reduce -1.4% | 1.45% | −0.36 |
| WDAY Workday Inc. Class A | Reduce -12.2% | 1.11% | −0.34 |
| NVDA Nvidia Corp. | Reduce -1.7% | 7.84% | −0.34 |
| LEN Lennar Corp. Class A | Reduce -9.8% | 0.59% | −0.23 |
| TTD Trade Desk Inc./the Class A | Reduce -48.4% | 0.11% | −0.17 |
| HON Honeywell International Inc. | Reduce -8.7% | 0.69% | −0.15 |
| DLR Digital Realty Trust Inc. | Reduce -1.0% | 0.66% | −0.10 |
| DXCM Dexcom Inc. | Reduce -46.0% | 0.10% | −0.09 |
| INTU Intuit Inc. | Reduce -0.2% | 1.58% | −0.09 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.08 |
| UNP Union Pacific Corp. | Reduce -8.0% | 0.52% | −0.07 |
| GWRE Guidewire Software Inc. | Reduce -1.0% | 0.39% | −0.07 |
| ABT Abbott Laboratories | Reduce -1.0% | 0.60% | −0.06 |
| BALL Ball Corp. | Reduce -40.0% | 0.10% | −0.06 |
| PRCT Procept Biorobotics Corp. | Reduce -63.6% | 0.03% | −0.06 |
| FDN First Trust DJ Internet Ind | Reduce -40.8% | 0.06% | −0.05 |
| DIS The Walt Disney Co. | Reduce -9.4% | 0.29% | −0.04 |
| CRM Salesforce Inc. | Reduce -11.6% | 1.00% | −0.04 |
| TEAM Atlassian Corp. Class A | Reduce -62.1% | 0.02% | −0.04 |
| EQIX Equinix Inc. | Reduce -67.3% | 0.02% | −0.03 |
| ADBE Adobe Inc. | Reduce -55.0% | 0.03% | −0.03 |
| CRVL Corvel Corp. | Reduce -9.7% | 0.11% | −0.03 |
| NKE Nike Inc. Class B | Reduce -28.4% | 0.06% | −0.03 |
| COP Conocophillips | Reduce -16.3% | 0.13% | −0.03 |
| GLD SPDR Gold Shares | Reduce -10.6% | 1.04% | −0.03 |
| MRP Millrose Properties | Reduce -36.0% | 0.03% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -8.4% | 0.28% | −0.03 |
| SOLS Solstice Adv Materials Inc. | Reduce -52.5% | 0.02% | −0.03 |
| OUNZ Vaneck Merk Gold ETF | Reduce -19.2% | 0.19% | −0.03 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -11.1% | 0.16% | −0.02 |
| XLI SS Industrial Select Sector | Reduce -1.4% | 0.64% | −0.02 |
| XLE SS Energy Select Sector | Reduce -10.9% | 0.15% | −0.02 |
| XLK SS Technology Select Sector | Reduce -5.4% | 0.35% | −0.02 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.02 |
| TGT Target Corp. | Sold out | 0.00% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -6.9% | 0.21% | −0.02 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.02 |
| TEX Terex Corp. | Sold out | 0.00% | −0.02 |
| TIP iShares Tips Bond ETF | Reduce -2.8% | 0.19% | −0.01 |
| SBUX Starbucks Corp. | Reduce -17.8% | 0.05% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -2.2% | 0.08% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -7.2% | 0.09% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 0.80% | −0.01 |
| RDDT Reddit Inc. Class A | Reduce -2.5% | 0.13% | −0.01 |
| XHB SS SPDR S&P Homebldrs ETF | Reduce -0.6% | 0.06% | −0.01 |
| DKNG Draftkings Inc. Class A | Reduce -14.2% | 0.02% | −0.01 |
| PEP Pepsico Inc. | Reduce -5.6% | 0.08% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +19.1% | 4.13% | +1.37 |
| ISRG Intuitive Surgical Inc. | Add +3.0% | 1.54% | +0.33 |
| TMO Thermo Fisher Scientific Inc. | Add +4.4% | 1.44% | +0.26 |
| AAPL Apple Inc. | Add +1.2% | 3.62% | +0.18 |
| AVGO Broadcom Inc. | Add +40.0% | 0.58% | +0.17 |
| TJX TJX Companies Inc. | New | 0.17% | +0.17 |
| SMH Vaneck Semiconductor ETF | Add +0.5% | 2.03% | +0.15 |
| AMZN Amazon.com Inc. | Add +2.9% | 2.92% | +0.15 |
| OWL Blue Owl Capital Inc. | Add +41.6% | 0.75% | +0.13 |
| XLV SS Health Care Select Sector | Add +27.1% | 0.49% | +0.13 |
| IBDU iShares Ibonds Dec 2029 Term | Add +21.8% | 0.82% | +0.13 |
| MS Morgan Stanley | Add +0.9% | 1.41% | +0.13 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +366.1% | 0.16% | +0.12 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +18.8% | 0.88% | +0.12 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +17.5% | 0.92% | +0.11 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +21.7% | 0.72% | +0.11 |
| SHOP Shopify Inc. Class A | Add +0.1% | 1.92% | +0.10 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +46.8% | 0.33% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +14.9% | 0.85% | +0.09 |
| IBDR iShares Ibonds Dec 2026 Term | Add +14.6% | 0.87% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +4.3% | 2.35% | +0.09 |
| DE Deere & Co. | Add +14.8% | 0.64% | +0.08 |
| WMT Walmart Inc. | Add +2.9% | 1.00% | +0.08 |
| LLY Eli Lilly & Co. | Add +12.7% | 0.21% | +0.07 |
| IBB iShares Biotechnology ETF | Add +67.9% | 0.13% | +0.06 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +16.1% | 0.51% | +0.06 |
| IJR iShares Core S&P Small-Cap E | Add +39.2% | 0.17% | +0.05 |
| TSLA Tesla Inc. | Add +34.3% | 0.18% | +0.04 |
| IDXX Idexx Laboratories Inc. | Add +0.6% | 1.14% | +0.04 |
| IBDX iShares Ibonds Dec 2032 TC | Add +12.6% | 0.48% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +8.1% | 0.53% | +0.04 |
| PWR Quanta Services Inc. | Add +3.9% | 1.18% | +0.04 |
| V Visa Inc. Class A | Add +2.5% | 1.38% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +16.3% | 0.22% | +0.03 |
| ILMN Illumina Inc. | New | 0.03% | +0.03 |
| AKRE Akre Focus ETF | New | 0.02% | +0.02 |
| ITB iShares U.S. Home Constructi | Add +48.3% | 0.10% | +0.02 |
| XBI SS SPDR S&P Biotech ETF | Add +53.9% | 0.04% | +0.02 |
| SAP Sap SE-Sponsored ADR | New | 0.02% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.02% | +0.02 |
| JNJ Johnson & Johnson | Add +7.8% | 0.12% | +0.02 |
| C Citigroup Inc. | New | 0.02% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +81.8% | 0.04% | +0.02 |
| BAC Bank of America Corp. | Add +0.8% | 0.36% | +0.02 |
| AXP American Express Co. | Add +6.5% | 0.12% | +0.02 |
| PNC PNC Financial Services Group | New | 0.02% | +0.02 |
| APP AppLovin Corp. Class A | New | 0.01% | +0.01 |
| RTX RTX Corp. | Add +8.6% | 0.11% | +0.01 |
| MRK Merck & Co. Inc. | Add +7.4% | 0.04% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.9% | 0.09% | +0.01 |
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 |