Morton Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Morton Capital Management LLC reported 111 stock positions worth $517.6 million. Its top holding was Vaneck Merk Gold ETF (OUNZ) at 24.2% of the portfolio, followed by Wisdomtree Floating Rate Tre (USFR, 13.5%) and Dimensional World Ex US Core (DFAX, 10.7%). Compared with Q4 2024, it opened 4 new positions, sold out of 4, added to 55 and reduced 38. The biggest buy was Dimensional World Ex US Core (DFAX, shares +4%) and the biggest sale an exit from Trust for Professional Manag.
- Most Recent 13F
- Q2 2026
- Location
- CALABASAS, CA
- CIK
- 0002002628
- Portfolio Value
- $517.6M (Q1 2025)
- SEC Filing
- 0001085146-25-002174 ↗ filed Apr 17, 2025
Holdings Value
Holdings 111 stocks · $517.6M
| OUNZ Vaneck Merk Gold ETF | 24.24% | 4,163,696 | $125.5M | Reduce -2.4% |
| USFR Wisdomtree Floating Rate Tre | 13.49% | 1,387,489 | $69.8M | Reduce -7.6% |
| DFAX Dimensional World Ex US Core | 10.71% | 2,116,786 | $55.5M | Add +3.9% |
| FLXR TCW Flexible Income ETF | 9.86% | 1,303,569 | $51.1M | Add +5.2% |
| DFAC Dimensional US Core Equity 2 | 7.99% | 1,253,292 | $41.3M | Add +2.9% |
| HAP Vaneck Natural Resources ETF | 4.08% | 423,626 | $21.1M | Reduce -1.9% |
| MSFT Microsoft Corp. | 2.98% | 41,053 | $15.4M | Reduce -0.9% |
| AAPL Apple Inc. | 2.52% | 58,797 | $13.1M | Reduce -8.8% |
| IAU iShares Gold Trust | 2.15% | 188,912 | $11.1M | Reduce -8.9% |
| IWD iShares Russell 1000 Value E | 1.70% | 46,884 | $8.8M | Add +9.5% |
| DFAU Dimensional US Core Equity M | 1.18% | 158,457 | $6.1M | Add +2.5% |
| PID Invesco International Divide | 0.97% | 262,123 | $5.0M | Reduce -0.4% |
| VIG Vanguard Dividend Apprec ETF | 0.91% | 24,321 | $4.7M | Reduce -4.1% |
| DCOR Dimensional US Core Eq 1 ETF | 0.84% | 71,312 | $4.4M | Add +24.7% |
| PG The Procter & Gamble Co. | 0.76% | 23,095 | $3.9M | Add +207.3% |
| AMZN Amazon.com Inc. | 0.70% | 19,136 | $3.6M | Add +3.6% |
| GDX Vaneck Gold Miners ETF | 0.69% | 77,524 | $3.6M | Reduce -5.2% |
| JPM JPMorgan Chase & Co. | 0.55% | 11,669 | $2.9M | Add +0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 4,495 | $2.5M | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.47% | 5,223 | $2.4M | Add +17.8% |
| NVDA Nvidia Corp. | 0.45% | 21,702 | $2.4M | Add +6.2% |
| VOO Vanguard S&P 500 ETF | 0.41% | 4,084 | $2.1M | Reduce -2.8% |
| AMGN Amgen Inc. | 0.39% | 6,478 | $2.0M | Add +10.2% |
| ABBV Abbvie Inc. | 0.38% | 9,447 | $2.0M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 0.37% | 12,265 | $1.9M | Add +1.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.34% | 23,159 | $1.8M | Reduce -0.5% |
| CSCO Cisco Systems Inc. | 0.33% | 27,394 | $1.7M | Reduce -2.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.31% | 3,787 | $1.6M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 0.30% | 9,955 | $1.6M | Reduce -2.6% |
| IWB iShares Russell 1000 ETF | 0.30% | 5,030 | $1.5M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.30% | 2,728 | $1.5M | Add +0.4% |
| META Meta Platforms Inc. Class A | 0.30% | 2,653 | $1.5M | Add +10.0% |
| NTSX Wisdomtree US Efficient Core | 0.29% | 32,660 | $1.5M | Add +0.1% |
| GLD SPDR Gold Shares | 0.28% | 5,053 | $1.5M | Reduce -13.2% |
| IWF iShares Russell 1000 Growth | 0.27% | 3,830 | $1.4M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 5,015 | $1.4M | Add +5.6% |
| V Visa Inc. Class A | 0.26% | 3,842 | $1.3M | Add +4.9% |
| HD Home Depot Inc. | 0.25% | 3,525 | $1.3M | Add +1.7% |
| HON Honeywell International Inc. | 0.24% | 5,895 | $1.2M | Add +2.1% |
| ORCL Oracle Corp. | 0.24% | 8,847 | $1.2M | Reduce -5.6% |
| XOM Exxon Mobil Corp. | 0.23% | 9,942 | $1.2M | Reduce -6.7% |
| VYM Vanguard High DVD Yield ETF | 0.22% | 8,974 | $1.2M | Add +13.3% |
| COST Costco Wholesale Corp. | 0.21% | 1,162 | $1.1M | Reduce -9.8% |
| KMI Kinder Morgan Inc. | 0.21% | 37,981 | $1.1M | Add +1.0% |
| JNJ Johnson & Johnson | 0.19% | 5,872 | $974K | Reduce -0.9% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.17% | 3,445 | $885K | No change |
| ET Energy Transfer LP | 0.17% | 46,382 | $862K | Add +1.3% |
| DFAE Dimensional Emerging Core Eq | 0.16% | 32,512 | $842K | Reduce -7.0% |
| SKX Skechers USA Inc. Class A | 0.15% | 13,781 | $782K | Reduce -59.8% |
| EPD Enterprise Products Partners | 0.15% | 22,896 | $782K | Add +0.9% |
| WM Waste Management Inc. | 0.14% | 3,233 | $749K | Add +4.7% |
| AVGO Broadcom Inc. | 0.14% | 4,469 | $748K | Add +6.9% |
| OKE Oneok Inc. | 0.14% | 7,380 | $732K | Add +0.9% |
| VWO Vanguard Ftse Emerging Marke | 0.13% | 15,354 | $695K | Add +30.5% |
| MLPA Global X MLP ETF | 0.13% | 12,626 | $672K | No change |
| MRK Merck & Co. Inc. | 0.13% | 7,426 | $667K | Add +0.9% |
| SBUX Starbucks Corp. | 0.13% | 6,656 | $653K | Reduce -1.7% |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 3,695 | $640K | Reduce -1.5% |
| LLY Eli Lilly & Co. | 0.12% | 756 | $625K | Add +5.0% |
| TXN Texas Instruments Inc. | 0.12% | 3,472 | $624K | Add +0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.11% | 6,004 | $593K | Add +3.3% |
| GNR State Street SPDR S&P Global | 0.11% | 10,804 | $575K | Add +20.5% |
| CVX Chevron Corp. | 0.11% | 3,405 | $570K | Reduce -4.1% |
| EMC GLB X Emrg MRKT GRT Cnsumr | 0.11% | 21,256 | $556K | Add +0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.11% | 1,497 | $555K | Reduce -1.3% |
| NTSI Wisdomtree International Eff | 0.10% | 13,517 | $513K | Reduce -0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 2,059 | $512K | Add +6.3% |
| RTX RTX Corp. | 0.10% | 3,759 | $498K | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 11,716 | $489K | Reduce -5.6% |
| SCZ iShares MSCI Eafe Small-Cap | 0.09% | 7,407 | $471K | Reduce -0.7% |
| MA Mastercard Inc. Class A | 0.09% | 820 | $449K | Add +5.7% |
| IVW iShares S&P 500 Growth ETF | 0.08% | 4,710 | $437K | No change |
| SCHX Schwab US Large-Cap ETF | 0.08% | 19,734 | $436K | Reduce -1.9% |
| EEM iShares MSCI Emerging Market | 0.08% | 9,741 | $426K | Reduce -2.0% |
| BITB Bitwise Bitcoin ETF | 0.08% | 9,438 | $424K | Reduce -16.3% |
| BX Blackstone Inc. | 0.07% | 2,673 | $374K | Add +0.4% |
| IJH iShares Core S&P Midcap ETF | 0.07% | 6,234 | $364K | Add +1.8% |
| NFLX Netflix Inc. | 0.07% | 373 | $348K | Add +26.4% |
| EBAY eBay Inc. | 0.07% | 5,081 | $344K | Add +0.8% |
| TSLA Tesla Inc. | 0.07% | 1,319 | $342K | Reduce -41.4% |
| XGDVX Gabelli Dividend & Income TR | 0.07% | 14,128 | $341K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.06% | 1,283 | $332K | No change |
| GBIL Goldman Sachs Access Treasur | 0.06% | 3,266 | $327K | Add +0.1% |
| GRMN Garmin Ltd. | 0.06% | 1,500 | $326K | No change |
| EFA iShares MSCI Eafe ETF | 0.06% | 3,948 | $323K | Reduce -0.5% |
| QCOM Qualcomm Inc. | 0.06% | 2,099 | $322K | Add +1.9% |
| VEA Vanguard Ftse Developed ETF | 0.06% | 5,987 | $304K | Add +0.0% |
| PM Philip Morris International | 0.06% | 1,862 | $296K | Add +5.7% |
| ABT Abbott Laboratories | 0.06% | 2,191 | $291K | Add +5.0% |
| GS Goldman Sachs Group Inc. | 0.06% | 532 | $290K | Add +11.5% |
| BA The Boeing Co. | 0.05% | 1,626 | $277K | Reduce -1.5% |
| UNP Union Pacific Corp. | 0.05% | 1,161 | $274K | Add +1.8% |
| INVH Invitation Homes Inc. | 0.05% | 7,609 | $265K | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.05% | 762 | $263K | Add +1.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.05% | 1,491 | $258K | No change |
| RS Reliance Inc. | 0.05% | 865 | $250K | No change |
| SGOV iShares 0-3 Month Treasury B | 0.05% | 2,333 | $235K | New |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.05% | 758 | $234K | No change |
| QUAL iShares MSCI USA Quality Fac | 0.05% | 1,365 | $233K | Add +4.4% |
| PEG Public Service Enterprise GP | 0.04% | 2,771 | $228K | Add +1.0% |
Portfolio Sells Q4 2024 → Q1 2025
| TRUST FOR PROFESSIONAL MANAG | Sold out | 0.00% | −5.78 |
| USFR Wisdomtree Floating Rate Tre | Reduce -7.6% | 13.49% | −0.77 |
| AAPL Apple Inc. | Reduce -8.8% | 2.52% | −0.52 |
| MSFT Microsoft Corp. | Reduce -0.9% | 2.98% | −0.32 |
| SKX Skechers USA Inc. Class A | Reduce -59.8% | 0.15% | −0.28 |
| TSLA Tesla Inc. | Reduce -41.4% | 0.07% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -2.6% | 0.30% | −0.07 |
| ORCL Oracle Corp. | Reduce -5.6% | 0.24% | −0.06 |
| NTAP Netapp Inc. | Sold out | 0.00% | −0.05 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.04 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.04 |
| BITB Bitwise Bitcoin ETF | Reduce -16.3% | 0.08% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.1% | 0.91% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -2.8% | 0.41% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -9.8% | 0.21% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.3% | 0.11% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -13.2% | 0.04% | −0.01 |
| BAC Bank of America Corp. | Reduce -5.6% | 0.09% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -0.1% | 0.30% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -4.2% | 0.04% | −0.01 |
| DFAE Dimensional Emerging Core Eq | Reduce -7.0% | 0.16% | −0.00 |
| CAT Caterpillar Inc. | Reduce -3.0% | 0.04% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.9% | 0.08% | −0.00 |
| BA The Boeing Co. | Reduce -1.5% | 0.05% | −0.00 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.5% | 0.12% | −0.00 |
| EEM iShares MSCI Emerging Market | Reduce -2.0% | 0.08% | +0.00 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -0.7% | 0.09% | +0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -0.5% | 0.06% | +0.01 |
| NTSI Wisdomtree International Eff | Reduce -0.7% | 0.10% | +0.01 |
| SBUX Starbucks Corp. | Reduce -1.7% | 0.13% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -2.9% | 0.33% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -6.7% | 0.23% | +0.01 |
| RTX RTX Corp. | Reduce -2.4% | 0.10% | +0.01 |
| CVX Chevron Corp. | Reduce -4.1% | 0.11% | +0.01 |
| GLD SPDR Gold Shares | Reduce -13.2% | 0.28% | +0.02 |
| JNJ Johnson & Johnson | Reduce -0.9% | 0.19% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.5% | 0.34% | +0.03 |
| PID Invesco International Divide | Reduce -0.4% | 0.97% | +0.06 |
| GDX Vaneck Gold Miners ETF | Reduce -5.2% | 0.69% | +0.17 |
| IAU iShares Gold Trust | Reduce -8.9% | 2.15% | +0.21 |
| HAP Vaneck Natural Resources ETF | Reduce -1.9% | 4.08% | +0.36 |
| OUNZ Vaneck Merk Gold ETF | Reduce -2.4% | 24.24% | +3.88 |
Portfolio Buys Q4 2024 → Q1 2025
| DFAX Dimensional World Ex US Core | Add +3.9% | 10.71% | +1.16 |
| FLXR TCW Flexible Income ETF | Add +5.2% | 9.86% | +0.82 |
| PG The Procter & Gamble Co. | Add +207.3% | 0.76% | +0.52 |
| IWD iShares Russell 1000 Value E | Add +9.5% | 1.70% | +0.21 |
| DCOR Dimensional US Core Eq 1 ETF | Add +24.7% | 0.84% | +0.15 |
| AMGN Amgen Inc. | Add +10.2% | 0.39% | +0.10 |
| ABBV Abbvie Inc. | Add +1.0% | 0.38% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +17.8% | 0.47% | +0.05 |
| SGOV iShares 0-3 Month Treasury B | New | 0.05% | +0.05 |
| SONY Sony Group Corp. - SP ADR | New | 0.04% | +0.04 |
| V Visa Inc. Class A | Add +4.9% | 0.26% | +0.04 |
| UNH Unitedhealth Group Inc. | New | 0.04% | +0.04 |
| DFAC Dimensional US Core Equity 2 | Add +2.9% | 7.99% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +30.5% | 0.13% | +0.04 |
| VYM Vanguard High DVD Yield ETF | Add +13.3% | 0.22% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.8% | 0.55% | +0.03 |
| META Meta Platforms Inc. Class A | Add +10.0% | 0.30% | +0.03 |
| GNR State Street SPDR S&P Global | Add +20.5% | 0.11% | +0.03 |
| WM Waste Management Inc. | Add +4.7% | 0.14% | +0.03 |
| IBM Intl Business Machines Corp. | Add +6.3% | 0.10% | +0.02 |
| NFLX Netflix Inc. | Add +26.4% | 0.07% | +0.02 |
| PM Philip Morris International | Add +5.7% | 0.06% | +0.02 |
| EPD Enterprise Products Partners | Add +0.9% | 0.15% | +0.02 |
| LLY Eli Lilly & Co. | Add +5.0% | 0.12% | +0.02 |
| KMI Kinder Morgan Inc. | Add +1.0% | 0.21% | +0.01 |
| ABT Abbott Laboratories | Add +5.0% | 0.06% | +0.01 |
| AJG Arthur J Gallagher & Co. | Add +1.6% | 0.05% | +0.01 |
| MA Mastercard Inc. Class A | Add +5.7% | 0.09% | +0.01 |
| CDZI Cadiz Inc. | New | 0.01% | +0.01 |
| EBAY eBay Inc. | Add +0.8% | 0.07% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.6% | 0.27% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.0% | 0.06% | +0.00 |
| GS Goldman Sachs Group Inc. | Add +11.5% | 0.06% | +0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.4% | 0.31% | +0.00 |
| UNP Union Pacific Corp. | Add +1.8% | 0.05% | +0.00 |
| EMC GLB X Emrg MRKT GRT Cnsumr | Add +0.6% | 0.11% | +0.00 |
| OKE Oneok Inc. | Add +0.9% | 0.14% | +0.00 |
| QCOM Qualcomm Inc. | Add +1.9% | 0.06% | +0.00 |
| GBIL Goldman Sachs Access Treasur | Add +0.1% | 0.06% | +0.00 |
| QUAL iShares MSCI USA Quality Fac | Add +4.4% | 0.05% | +0.00 |
| CMF iShares California Muni Bond | Add +0.5% | 0.04% | +0.00 |
| PEG Public Service Enterprise GP | Add +1.0% | 0.04% | +0.00 |
| ADI Analog Devices Inc. | Add +2.5% | 0.04% | −0.00 |
| TXN Texas Instruments Inc. | Add +0.6% | 0.12% | −0.00 |
| NTSX Wisdomtree US Efficient Core | Add +0.1% | 0.29% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +1.8% | 0.07% | −0.00 |
| ET Energy Transfer LP | Add +1.3% | 0.17% | −0.00 |
| DFAU Dimensional US Core Equity M | Add +2.5% | 1.18% | −0.00 |
| HD Home Depot Inc. | Add +1.7% | 0.25% | −0.00 |
| HON Honeywell International Inc. | Add +2.1% | 0.24% | −0.01 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 1,000 | $586Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 160 | $731.3M | OUNZ, DFAX, USFR, FLXR, DFAC |
| Q1 2026 | 138 | $672.2M | OUNZ, USFR, DFAX, FLXR, DFAC |
| Q4 2025 | 134 | $651.2M | OUNZ, USFR, DFAX, FLXR, DFAC |
| Q3 2025 | 131 | $609.4M | OUNZ, USFR, DFAX, FLXR, DFAC |
| Q2 2025 | 126 | $564.0M | OUNZ, USFR, DFAX, FLXR, DFAC |
| Q1 2025 | 111 | $517.6M | OUNZ, USFR, DFAX, FLXR, DFAC |
| Q4 2024 | 111 | $530.0M | OUNZ, USFR, DFAX, FLXR, DFAC |
| Q3 2024 | 111 | $508.0M | OUNZ, USFR, DFAX, FLXR, DFAC |
| Q2 2024 | 99 | $421.2M | OUNZ, DFAX, FLXR, DFAC, TRUST FOR PROFESSIONAL MANAG |
| Q1 2024 | 106 | $370.4M | OUNZ, DFAX, DFAC, TRUST FOR PROFESSIONAL MANAG, MSFT |