Morton Capital Management LLC

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
DVY iShares Select Dividend ETF	0.04%	1,638	$220K	No change
ADI Analog Devices Inc.	0.04%	1,089	$220K	Add +2.5%
SONY Sony Group Corp. - SP ADR	0.04%	7,776	$218K	New
VGT Vanguard Info Tech ETF	0.04%	393	$213K	Reduce -4.2%
CAT Caterpillar Inc.	0.04%	621	$205K	Reduce -3.0%
UNH Unitedhealth Group Inc.	0.04%	390	$204K	New
IJR iShares Core S&P Small-Cap E	0.04%	1,942	$203K	Reduce -13.2%
CMF iShares California Muni Bond	0.04%	3,598	$203K	Add +0.5%
GDOT Green Dot Corp. Class A	0.03%	17,946	$151K	No change
NGD New Gold Inc.	0.02%	31,494	$117K	No change
CDZI Cadiz Inc.	0.01%	16,675	$49K	New

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