Morse Asset Management, Inc
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Morse Asset Management, Inc reported 365 stock positions worth $497.1 million. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Meta Platforms Class A (META, 4.5%) and Microsoft (MSFT, 4.5%). Compared with Q2 2025, it opened 53 new positions, sold out of 46, added to 107 and reduced 76. The biggest buy was AppLovin Class A (APP, shares +268%) and the biggest sale Cintas (CTAS, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- DARIEN, CT
- CIK
- 0001705711
- Portfolio Value
- $497.1M (Q3 2025)
- SEC Filing
- 0001705711-25-000009 ↗ filed Nov 14, 2025
Holdings Value
Holdings 365 stocks · $497.1M
| NVDA Nvidia Corp. | 7.49% | 199,416 | $37.2M | Add +0.9% |
| META Meta Platforms Inc. Class A | 4.49% | 30,405 | $22.3M | Add +0.2% |
| MSFT Microsoft Corp. | 4.48% | 42,978 | $22.3M | Add +0.0% |
| AVGO Broadcom Inc. | 4.37% | 65,876 | $21.7M | Add +1.1% |
| AMZN Amazon.com Inc. | 3.98% | 90,164 | $19.8M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 2.75% | 56,312 | $13.7M | Reduce -0.2% |
| EVR Evercore Inc. Class A | 2.62% | 38,610 | $13.0M | Reduce -1.5% |
| URI United Rentals Inc. | 2.59% | 13,479 | $12.9M | Add +0.8% |
| KLAC KLA Corp. | 1.98% | 9,103 | $9.8M | Reduce -4.7% |
| BKNG Booking Holdings Inc. | 1.78% | 1,639 | $8.8M | Add +0.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 1.76% | 151,753 | $8.7M | Add +5.9% |
| NFLX Netflix Inc. | 1.72% | 7,119 | $8.5M | Add +2.6% |
| LLY Eli Lilly & Co. | 1.68% | 10,916 | $8.3M | Reduce -0.3% |
| HD Home Depot Inc. | 1.55% | 18,997 | $7.7M | Add +5.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.53% | 27,194 | $7.6M | Add +0.1% |
| AAPL Apple Inc. | 1.47% | 28,658 | $7.3M | Add +25.4% |
| GE General Electric filed as GE AEROSPACE | 1.46% | 24,091 | $7.2M | Add +0.1% |
| AZO AutoZone Inc. | 1.44% | 1,668 | $7.2M | Add +0.2% |
| LIN Linde PLC | 1.28% | 13,414 | $6.4M | Reduce -0.2% |
| TSLA Tesla Inc. | 1.28% | 14,281 | $6.4M | Add +1.9% |
| GS Goldman Sachs Group Inc. | 1.25% | 7,788 | $6.2M | Add +1.3% |
| PANW Palo Alto Networks Inc. | 1.23% | 29,992 | $6.1M | Reduce -2.1% |
| COST Costco Wholesale Corp. | 1.19% | 6,369 | $5.9M | Reduce -0.1% |
| ISRG Intuitive Surgical Inc. | 1.15% | 12,834 | $5.7M | Reduce -11.2% |
| UNH Unitedhealth Group Inc. | 1.13% | 16,277 | $5.6M | Reduce -4.2% |
| QQQ Invesco QQQ Trust Series 1 | 1.10% | 9,127 | $5.5M | Add +11.0% |
| ALAB Astera Labs Inc. | 1.09% | 27,794 | $5.4M | Reduce -17.4% |
| MU Micron Technology Inc. | 1.03% | 30,592 | $5.1M | Reduce -37.4% |
| ICE Intercontinental Exchange Inc. | 1.02% | 30,219 | $5.1M | Add +2.8% |
| VST Vistra Corp. | 0.98% | 24,870 | $4.9M | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.97% | 7,264 | $4.8M | Add +10.3% |
| PLTR Palantir Technologies Inc. Class A | 0.96% | 26,029 | $4.7M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.95% | 8,337 | $4.7M | Reduce -0.5% |
| BA The Boeing Co. | 0.93% | 21,528 | $4.6M | Add +8.1% |
| APP AppLovin Corp. Class A | 0.90% | 6,260 | $4.5M | Add +268.2% |
| VRT Vertiv Holdings Co. Class A | 0.85% | 27,990 | $4.2M | Add +4.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.81% | 10,305 | $4.0M | Add +0.2% |
| PDI PIMCO Dynamic Income Fund | 0.77% | 193,022 | $3.8M | Add +3.7% |
| DHI D.R. Horton Inc. | 0.75% | 22,075 | $3.7M | Add +268.8% |
| AMD Advanced Micro Devices | 0.75% | 23,114 | $3.7M | Add +45.8% |
| JNJ Johnson & Johnson | 0.70% | 18,774 | $3.5M | No change |
| IREN Iren Ltd. filed as IREN LIMITED | 0.70% | 73,642 | $3.5M | New |
| XOM Exxon Mobil Corp. | 0.69% | 30,541 | $3.4M | Add +1.5% |
| GLD SPDR Gold Shares | 0.68% | 9,465 | $3.4M | Add +8.1% |
| APO Apollo Global Management Inc. | 0.62% | 23,260 | $3.1M | Reduce -37.8% |
| ABBV Abbvie Inc. | 0.62% | 13,268 | $3.1M | Add +89.6% |
| RACE Ferrari NV | 0.60% | 6,178 | $3.0M | Add +1.2% |
| WGS Genedx Holdings Corp. | 0.59% | 27,445 | $3.0M | Add +0.2% |
| FSLR First Solar Inc. | 0.58% | 13,156 | $2.9M | Add +9.0% |
| FTI Technipfmc PLC | 0.57% | 72,275 | $2.9M | Add +8.4% |
| LRCX Lam Research Corp. | 0.55% | 20,420 | $2.7M | Reduce -14.4% |
| SNOW Snowflake Inc. | 0.52% | 11,371 | $2.6M | Add +1.1% |
| HWM Howmet Aerospace Inc. | 0.51% | 12,918 | $2.5M | Reduce -20.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.49% | 4,950 | $2.4M | Add +13.3% |
| SHW The Sherwin-Williams Co. | 0.47% | 6,742 | $2.3M | Reduce -2.3% |
| NXPI NXP Semiconductors NV | 0.47% | 10,250 | $2.3M | Reduce -8.0% |
| XCHYX Calamos Convert & High Inc. | 0.47% | 207,163 | $2.3M | Add +6.8% |
| GEV GE Vernova Inc. | 0.46% | 3,693 | $2.3M | Add +0.1% |
| COIN Coinbase Global Inc. Class A | 0.45% | 6,586 | $2.2M | Add +190.6% |
| BX Blackstone Inc. | 0.44% | 12,877 | $2.2M | Add +28.1% |
| EAGL Eagle Capital Select Eqty | 0.43% | 68,245 | $2.1M | Add +87.0% |
| ADP Automatic Data Processing | 0.40% | 6,841 | $2.0M | Reduce -10.2% |
| CVX Chevron Corp. | 0.39% | 12,434 | $1.9M | Add +15.5% |
| EBS Emergent Biosolutions Inc. | 0.39% | 217,925 | $1.9M | Add +4.8% |
| MRK Merck & Co. Inc. | 0.38% | 22,776 | $1.9M | Add +4.5% |
| NOW ServiceNow Inc. | 0.37% | 1,997 | $1.8M | Reduce -42.8% |
| NBIS Nebius Group NV | 0.36% | 16,150 | $1.8M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 15,740 | $1.8M | No change |
| IBIT iShares Bitcoin Trust ETF | 0.36% | 27,500 | $1.8M | Add +25.0% |
| ANET Arista Networks Inc. | 0.35% | 12,064 | $1.8M | Add +0.5% |
| BLK BlackRock Inc. | 0.34% | 1,452 | $1.7M | Add +35.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 11,660 | $1.7M | Add +8.4% |
| MMM 3M Co. | 0.33% | 10,638 | $1.7M | Add +3.3% |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 0.33% | 46,798 | $1.6M | Reduce -2.4% |
| MS Morgan Stanley | 0.33% | 10,231 | $1.6M | Add +8.2% |
| ETN Eaton Corp. PLC | 0.32% | 4,239 | $1.6M | Add +3937.1% |
| TLT iShares 20+ Year Treasury BD | 0.31% | 17,293 | $1.5M | Add +11.7% |
| UBER Uber Technologies Inc. | 0.31% | 15,756 | $1.5M | Add +8.9% |
| AXP American Express Co. | 0.31% | 4,580 | $1.5M | Add +0.4% |
| VIK Viking Holdings Ltd. | 0.29% | 23,199 | $1.4M | Reduce -0.2% |
| LNG Cheniere Energy Inc. | 0.28% | 5,991 | $1.4M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.28% | 2,874 | $1.4M | Add +21.9% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.27% | 12,000 | $1.4M | No change |
| NFG National Fuel Gas Co. | 0.27% | 14,535 | $1.3M | Add +3320.0% |
| CRWV Coreweave Inc. Class A | 0.26% | 9,589 | $1.3M | Add +9489.0% |
| SCCO Southern Copper Corp. | 0.25% | 10,227 | $1.2M | Add +2.4% |
| TLN Talen Energy Corp. | 0.25% | 2,865 | $1.2M | No change |
| NVMI Nova Ltd. | 0.23% | 3,608 | $1.2M | Reduce -7.3% |
| FANG Diamondback Energy Inc. | 0.22% | 7,672 | $1.1M | Reduce -29.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 20,929 | $1.1M | Add +3644.0% |
| APLD Applied Digital Corp. | 0.21% | 46,519 | $1.1M | New |
| PAA Plains All Amer Pipeline LP | 0.21% | 60,000 | $1.0M | Add +14.3% |
| KMI Kinder Morgan Inc. | 0.20% | 35,330 | $1.0M | Add +13.7% |
| ORCL Oracle Corp. | 0.20% | 3,552 | $999K | Add +9.1% |
| NDAQ Nasdaq Inc. | 0.20% | 11,085 | $980K | Add +0.1% |
| KO The Coca-Cola Co. | 0.19% | 13,990 | $928K | No change |
| ARES Ares Management Corp. Class A | 0.19% | 5,770 | $923K | Reduce -65.0% |
| HLT Hilton Worldwide Holdings Inc. | 0.18% | 3,490 | $905K | Reduce -0.9% |
| AVAV Aerovironment Inc. | 0.18% | 2,816 | $887K | New |
| USD Proshares Ultra Semiconduct | 0.18% | 8,875 | $879K | Reduce -7.3% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $4.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 47,425 | $3.3M | Reduce -0.1% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 18,340 | $697K | Add +53.8% |
Lines left out (2) · $10 — a value with no share or principal amount
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $501.1M.
Portfolio Sells Q2 2025 → Q3 2025
| CTAS Cintas Corp. | Reduce -80.3% | 0.17% | −0.89 |
| ISRG Intuitive Surgical Inc. | Reduce -11.2% | 1.15% | −0.58 |
| APO Apollo Global Management Inc. | Reduce -37.8% | 0.62% | −0.55 |
| ARM Arm Holdings PLC-ADR | Reduce -96.5% | 0.01% | −0.51 |
| ARES Ares Management Corp. Class A | Reduce -65.0% | 0.19% | −0.45 |
| NOW ServiceNow Inc. | Reduce -42.8% | 0.37% | −0.42 |
| SE Sea Ltd.-ADR | Reduce -97.7% | 0.01% | −0.42 |
| BEN Franklin Templeton Inc. | Reduce -88.2% | 0.04% | −0.39 |
| MU Micron Technology Inc. | Reduce -37.4% | 1.03% | −0.30 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.28 |
| SLG SL Green Realty Corp. | Reduce -92.7% | 0.02% | −0.26 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 1.68% | −0.21 |
| EQT Eqt Corp. | Reduce -99.4% | 0.00% | −0.21 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 1.19% | −0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -73.4% | 0.06% | −0.19 |
| ISPY Proshares S&P High Incom ETF | Reduce -64.4% | 0.10% | −0.18 |
| ADMA Adma Biologics Inc. | Sold out | 0.00% | −0.18 |
| HWM Howmet Aerospace Inc. | Reduce -20.8% | 0.51% | −0.16 |
| PANW Palo Alto Networks Inc. | Reduce -2.1% | 1.23% | −0.16 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −0.16 |
| NET Cloudflare Inc. Class A | Sold out | 0.00% | −0.14 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.13 |
| SYK Stryker Corp. | Reduce -97.1% | 0.00% | −0.12 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.12 |
| ADP Automatic Data Processing | Reduce -10.2% | 0.40% | −0.12 |
| LIN Linde PLC | Reduce -0.2% | 1.28% | −0.11 |
| FANG Diamondback Energy Inc. | Reduce -29.4% | 0.22% | −0.11 |
| PNI PIMCO NY Muni Inc. II FND | Sold out | 0.00% | −0.10 |
| JEPI JPMorgan Equity Premium Inco | Reduce -99.8% | 0.00% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -0.5% | 0.95% | −0.09 |
| SPOT Spotify Technology SA | Reduce -80.0% | 0.01% | −0.08 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.07 |
| BGX Blackstone Long-Short Credit | Reduce -54.3% | 0.05% | −0.07 |
| NXPI NXP Semiconductors NV | Reduce -8.0% | 0.47% | −0.07 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -99.8% | 0.00% | −0.06 |
| SHW The Sherwin-Williams Co. | Reduce -2.3% | 0.47% | −0.05 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −0.05 |
| LYB Lyondellbasell Indu Class A | Reduce -39.4% | 0.04% | −0.05 |
| XPCQX PIMCO California Muni Inc. FD | Reduce -71.0% | 0.02% | −0.04 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -4.2% | 1.13% | −0.04 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.04 |
| OSW Onespaworld Holdings Ltd. | Sold out | 0.00% | −0.04 |
| CELH Celsius Holdings Inc. | Reduce -98.7% | 0.00% | −0.04 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.04 |
| CVSA Covista Inc. | Sold out | 0.00% | −0.03 |
| CSX CSX Corp. | Reduce -15.6% | 0.15% | −0.03 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.03 |
| XPNFX PIMCO New York Muni Inc. FD | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| APP AppLovin Corp. Class A | Add +268.2% | 0.90% | +0.77 |
| IREN Iren Ltd. | New | 0.70% | +0.70 |
| DHI D.R. Horton Inc. | Add +268.8% | 0.75% | +0.58 |
| NVDA Nvidia Corp. | Add +0.9% | 7.49% | +0.57 |
| AAPL Apple Inc. | Add +25.4% | 1.47% | +0.43 |
| AVGO Broadcom Inc. | Add +1.1% | 4.37% | +0.39 |
| NBIS Nebius Group NV | New | 0.36% | +0.36 |
| URI United Rentals Inc. | Add +0.8% | 2.59% | +0.36 |
| ABBV Abbvie Inc. | Add +89.6% | 0.62% | +0.33 |
| ETN Eaton Corp. PLC | Add +3937.1% | 0.32% | +0.31 |
| TSLA Tesla Inc. | Add +1.9% | 1.28% | +0.29 |
| COIN Coinbase Global Inc. Class A | Add +190.6% | 0.45% | +0.27 |
| NFG National Fuel Gas Co. | Add +3320.0% | 0.27% | +0.26 |
| CRWV Coreweave Inc. Class A | Add +9489.0% | 0.26% | +0.26 |
| AMD Advanced Micro Devices | Add +45.8% | 0.75% | +0.25 |
| APLD Applied Digital Corp. | New | 0.21% | +0.21 |
| BAC Bank of America Corp. | Add +3644.0% | 0.22% | +0.21 |
| EAGL Eagle Capital Select Eqty | Add +87.0% | 0.43% | +0.19 |
| AVAV Aerovironment Inc. | New | 0.18% | +0.18 |
| PLTR Palantir Technologies Inc. Class A | Add +0.2% | 0.96% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.1% | 1.53% | +0.17 |
| FSLR First Solar Inc. | Add +9.0% | 0.58% | +0.14 |
| GDX Vaneck Gold Miners ETF | New | 0.13% | +0.13 |
| BMNR Bitmine Immersion Technologi | New | 0.12% | +0.12 |
| BX Blackstone Inc. | Add +28.1% | 0.44% | +0.11 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.0% | 1.10% | +0.10 |
| EBS Emergent Biosolutions Inc. | Add +4.8% | 0.39% | +0.09 |
| HD Home Depot Inc. | Add +5.8% | 1.55% | +0.09 |
| BLK BlackRock Inc. | Add +35.6% | 0.34% | +0.09 |
| GE General Electric | Add +0.1% | 1.46% | +0.09 |
| GLD SPDR Gold Shares | Add +8.1% | 0.68% | +0.09 |
| VRT Vertiv Holdings Co. Class A | Add +4.1% | 0.85% | +0.08 |
| ANET Arista Networks Inc. | Add +0.5% | 0.35% | +0.08 |
| GBAB Guggenheim Taxable Municipal | New | 0.08% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.3% | 0.97% | +0.07 |
| AZO AutoZone Inc. | Add +0.2% | 1.44% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +21.9% | 0.28% | +0.07 |
| AEM Agnico Eagle Mines Ltd. | Add +75.0% | 0.12% | +0.07 |
| FTI Technipfmc PLC | Add +8.4% | 0.57% | +0.07 |
| RTX RTX Corp. | Add +771.6% | 0.07% | +0.06 |
| IBIT iShares Bitcoin Trust ETF | Add +25.0% | 0.36% | +0.06 |
| ARGX Argenx SE - ADR | New | 0.06% | +0.06 |
| HOOD Robinhood Markets Inc. Class A | New | 0.06% | +0.06 |
| TKO Tko Group Holdings Inc. | New | 0.05% | +0.05 |
| PSX Phillips 66 | Add +2014.1% | 0.05% | +0.05 |
| CVX Chevron Corp. | Add +15.5% | 0.39% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +2644.0% | 0.05% | +0.05 |
| CAT Caterpillar Inc. | Add +21.9% | 0.17% | +0.05 |
| TJX TJX Companies Inc. | Add +8.4% | 0.34% | +0.05 |
| ORCL Oracle Corp. | Add +9.1% | 0.20% | +0.04 |
Notes & Other Activity Q2 2025 → Q3 2025
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -0.1% | 47,425 | $3.3M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +53.8% | 18,340 | $697K |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 10,975 | $665Kbefore exit |
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 | 411 | $600.9M | NVDA, MU, KLAC, AVGO, AMZN |
| Q1 2026 | 398 | $478.2M | NVDA, AVGO, AMZN, META, GOOGL |
| Q4 2025 | 388 | $495.9M | NVDA, AVGO, MSFT, AMZN, META |
| Q3 2025 | 365 | $497.1M | NVDA, META, MSFT, AVGO, AMZN |
| Q2 2025 | 359 | $451.8M | NVDA, META, MSFT, AMZN, AVGO |
| Q1 2025 | 336 | $391.6M | NVDA, META, MSFT, AMZN, GOOGL |
| Q4 2024 | 324 | $431.7M | NVDA, MSFT, AMZN, META, GOOGL |
| Q3 2024Amended | 338 | $458.6M | MSFT, NVDA, META, AMZN, GOOGL |
| Q2 2024 | 140 | $406.9M | NVDA, MSFT, AMZN, GOOGL, META |
| Q1 2024 | 139 | $389.0M | MSFT, NVDA, META, AMZN, GOOGL |