Morton Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), Morton Capital Management LLC reported 126 stock positions worth $564.0 million. Its top holding was Vaneck Merk Gold ETF (OUNZ) at 21.9% of the portfolio, followed by Wisdomtree Floating Rate Tre (USFR, 13.3%) and Dimensional World Ex US Core (DFAX, 11.4%). Compared with Q1 2025, it opened 17 new positions, sold out of 2, added to 50 and reduced 43. The biggest buy was Microsoft (MSFT, shares +2%) and the biggest sale Vaneck Merk Gold ETF (OUNZ, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- CALABASAS, CA
- CIK
- 0002002628
- Portfolio Value
- $564.0M (Q2 2025)
- SEC Filing
- 0001085146-25-004101 ↗ filed Jul 23, 2025
Holdings Value
Holdings 126 stocks · $564.0M
| OUNZ Vaneck Merk Gold ETF | 21.93% | 3,878,128 | $123.7M | Reduce -6.9% |
| USFR Wisdomtree Floating Rate Tre | 13.33% | 1,494,721 | $75.2M | Add +7.7% |
| DFAX Dimensional World Ex US Core | 11.39% | 2,187,499 | $64.2M | Add +3.3% |
| FLXR TCW Flexible Income ETF | 9.61% | 1,373,849 | $54.2M | Add +5.4% |
| DFAC Dimensional US Core Equity 2 | 8.59% | 1,352,041 | $48.5M | Add +7.9% |
| HAP Vaneck Natural Resources ETF | 3.75% | 406,686 | $21.1M | Reduce -4.0% |
| MSFT Microsoft Corp. | 3.70% | 41,918 | $20.9M | Add +2.1% |
| AAPL Apple Inc. | 2.21% | 60,797 | $12.5M | Add +3.4% |
| IAU iShares Gold Trust | 1.90% | 171,985 | $10.7M | Reduce -9.0% |
| IWD iShares Russell 1000 Value E | 1.78% | 51,610 | $10.0M | Add +10.1% |
| DCOR Dimensional US Core Eq 1 ETF | 1.21% | 101,954 | $6.8M | Add +43.0% |
| DFAU Dimensional US Core Equity M | 1.20% | 159,465 | $6.8M | Add +0.6% |
| PID Invesco International Divide | 0.93% | 256,253 | $5.3M | Reduce -2.2% |
| VIG Vanguard Dividend Apprec ETF | 0.86% | 23,574 | $4.8M | Reduce -3.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.78% | 8,019 | $4.4M | Add +53.5% |
| AMZN Amazon.com Inc. | 0.76% | 19,619 | $4.3M | Add +2.5% |
| GDX Vaneck Gold Miners ETF | 0.70% | 75,578 | $3.9M | Reduce -2.5% |
| JPM JPMorgan Chase & Co. | 0.65% | 12,673 | $3.7M | Add +8.6% |
| PG The Procter & Gamble Co. | 0.63% | 22,422 | $3.6M | Reduce -2.9% |
| NVDA Nvidia Corp. | 0.61% | 21,657 | $3.4M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 5,082 | $3.1M | Add +13.1% |
| VOO Vanguard S&P 500 ETF | 0.44% | 4,407 | $2.5M | Add +7.9% |
| GOOGL Alphabet Inc. Class A | 0.39% | 12,368 | $2.2M | Add +0.8% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.37% | 4,701 | $2.1M | Add +24.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.34% | 23,240 | $1.9M | Add +0.3% |
| ORCL Oracle Corp. | 0.34% | 8,726 | $1.9M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 0.33% | 2,540 | $1.9M | Reduce -4.3% |
| CSCO Cisco Systems Inc. | 0.32% | 26,360 | $1.8M | Reduce -3.8% |
| ABBV Abbvie Inc. | 0.32% | 9,722 | $1.8M | Add +2.9% |
| GOOG Alphabet Inc. Class C | 0.32% | 10,102 | $1.8M | Add +1.5% |
| AMGN Amgen Inc. | 0.32% | 6,381 | $1.8M | Reduce -1.5% |
| IVV iShares Core S&P 500 ETF | 0.29% | 2,659 | $1.7M | Reduce -2.5% |
| NTSX Wisdomtree US Efficient Core | 0.29% | 32,762 | $1.6M | Add +0.3% |
| IWF iShares Russell 1000 Growth | 0.29% | 3,830 | $1.6M | No change |
| IWB iShares Russell 1000 ETF | 0.28% | 4,730 | $1.6M | Reduce -6.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 4,995 | $1.5M | Reduce -0.4% |
| V Visa Inc. Class A | 0.26% | 4,133 | $1.5M | Add +7.6% |
| HON Honeywell International Inc. | 0.25% | 6,076 | $1.4M | Add +3.1% |
| HD Home Depot Inc. | 0.25% | 3,848 | $1.4M | Add +9.2% |
| GLD SPDR Gold Shares | 0.25% | 4,621 | $1.4M | Reduce -8.6% |
| COST Costco Wholesale Corp. | 0.25% | 1,397 | $1.4M | Add +20.2% |
| VYM Vanguard High DVD Yield ETF | 0.22% | 9,351 | $1.2M | Add +4.2% |
| AVGO Broadcom Inc. | 0.21% | 4,396 | $1.2M | Reduce -1.6% |
| KMI Kinder Morgan Inc. | 0.20% | 38,280 | $1.1M | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.20% | 10,217 | $1.1M | Add +2.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.17% | 3,445 | $983K | No change |
| EPD Enterprise Products Partners | 0.17% | 30,575 | $948K | Add +33.5% |
| ET Energy Transfer LP | 0.16% | 50,104 | $908K | Add +8.0% |
| DFAE Dimensional Emerging Core Eq | 0.15% | 29,704 | $860K | Reduce -8.6% |
| JNJ Johnson & Johnson | 0.15% | 5,381 | $822K | Reduce -8.4% |
| WM Waste Management Inc. | 0.14% | 3,421 | $783K | Add +5.8% |
| EFA iShares MSCI Eafe ETF | 0.13% | 8,333 | $745K | Add +111.1% |
| TXN Texas Instruments Inc. | 0.13% | 3,447 | $716K | Reduce -0.7% |
| RSP Invesco S&P 500 Equal Weight | 0.13% | 3,895 | $708K | Add +5.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.12% | 5,655 | $701K | Reduce -5.8% |
| IJH iShares Core S&P Midcap ETF | 0.12% | 10,948 | $679K | Add +75.6% |
| LLY Eli Lilly & Co. | 0.12% | 870 | $678K | Add +15.1% |
| SBUX Starbucks Corp. | 0.12% | 7,190 | $659K | Add +8.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.12% | 1,488 | $652K | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 2,212 | $652K | Add +7.4% |
| MLPA Global X MLP ETF | 0.11% | 12,626 | $634K | No change |
| EMC GLB X Emrg MRKT GRT Cnsumr | 0.11% | 21,202 | $622K | Reduce -0.3% |
| OKE Oneok Inc. | 0.11% | 7,371 | $602K | Reduce -0.1% |
| GNR State Street SPDR S&P Global | 0.10% | 10,861 | $589K | Add +0.5% |
| SCZ iShares MSCI Eafe Small-Cap | 0.10% | 7,666 | $557K | Add +3.5% |
| MRK Merck & Co. Inc. | 0.10% | 7,003 | $554K | Reduce -5.7% |
| RTX RTX Corp. | 0.10% | 3,762 | $549K | Add +0.1% |
| BITB Bitwise Bitcoin ETF | 0.10% | 9,329 | $547K | Reduce -1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 11,516 | $545K | Reduce -1.7% |
| VWO Vanguard Ftse Emerging Marke | 0.10% | 10,921 | $540K | Reduce -28.9% |
| IVW iShares S&P 500 Growth ETF | 0.09% | 4,710 | $519K | No change |
| CVX Chevron Corp. | 0.09% | 3,542 | $507K | Add +4.0% |
| SCHX Schwab US Large-Cap ETF | 0.09% | 19,739 | $482K | Add +0.0% |
| EEM iShares MSCI Emerging Market | 0.08% | 9,741 | $470K | No change |
| MA Mastercard Inc. Class A | 0.08% | 802 | $451K | Reduce -2.2% |
| NFLX Netflix Inc. | 0.08% | 319 | $427K | Reduce -14.5% |
| ABT Abbott Laboratories | 0.08% | 3,113 | $423K | Add +42.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.07% | 4,487 | $412K | New |
| BX Blackstone Inc. | 0.07% | 2,645 | $396K | Reduce -1.1% |
| EBAY eBay Inc. | 0.07% | 5,100 | $380K | Add +0.4% |
| GS Goldman Sachs Group Inc. | 0.07% | 532 | $377K | No change |
| SLV iShares Silver Trust | 0.07% | 11,306 | $371K | New |
| ADI Analog Devices Inc. | 0.07% | 1,549 | $369K | Add +42.2% |
| XGDVX Gabelli Dividend & Income TR | 0.07% | 14,138 | $368K | Add +0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.06% | 1,283 | $359K | No change |
| PM Philip Morris International | 0.06% | 1,869 | $340K | Add +0.4% |
| WMT Walmart Inc. | 0.06% | 3,461 | $338K | New |
| TSLA Tesla Inc. | 0.06% | 1,060 | $337K | Reduce -19.6% |
| UNP Union Pacific Corp. | 0.06% | 1,439 | $331K | Add +23.9% |
| QCOM Qualcomm Inc. | 0.06% | 2,051 | $327K | Reduce -2.3% |
| GBIL Goldman Sachs Access Treasur | 0.06% | 3,198 | $320K | Reduce -2.1% |
| GRMN Garmin Ltd. | 0.05% | 1,450 | $303K | Reduce -3.3% |
| VEA Vanguard Ftse Developed ETF | 0.05% | 5,190 | $296K | Reduce -13.3% |
| BA The Boeing Co. | 0.05% | 1,376 | $288K | Reduce -15.4% |
| DFSU Dimensional US Sus CORE1 ETF | 0.05% | 7,293 | $286K | New |
| MCD McDonald's Corp. | 0.05% | 972 | $284K | New |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.05% | 758 | $278K | No change |
| XLV SS Health Care Select Sector | 0.05% | 2,038 | $275K | New |
| IWM iShares Russell 2000 ETF | 0.05% | 1,265 | $273K | New |
| RS Reliance Inc. | 0.05% | 865 | $272K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| OUNZ Vaneck Merk Gold ETF | Reduce -6.9% | 21.93% | −2.32 |
| HAP Vaneck Natural Resources ETF | Reduce -4.0% | 3.75% | −0.33 |
| IAU iShares Gold Trust | Reduce -9.0% | 1.90% | −0.25 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.15 |
| PG The Procter & Gamble Co. | Reduce -2.9% | 0.63% | −0.13 |
| NTSI Wisdomtree International Eff | Sold out | 0.00% | −0.10 |
| AMGN Amgen Inc. | Reduce -1.5% | 0.32% | −0.07 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.1% | 0.86% | −0.06 |
| JNJ Johnson & Johnson | Reduce -8.4% | 0.15% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -28.9% | 0.10% | −0.04 |
| OKE Oneok Inc. | Reduce -0.1% | 0.11% | −0.03 |
| PID Invesco International Divide | Reduce -2.2% | 0.93% | −0.03 |
| GLD SPDR Gold Shares | Reduce -8.6% | 0.25% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -5.7% | 0.10% | −0.03 |
| IWB iShares Russell 1000 ETF | Reduce -6.0% | 0.28% | −0.01 |
| DFAE Dimensional Emerging Core Eq | Reduce -8.6% | 0.15% | −0.01 |
| GRMN Garmin Ltd. | Reduce -3.3% | 0.05% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -2.2% | 0.08% | −0.01 |
| GBIL Goldman Sachs Access Treasur | Reduce -2.1% | 0.06% | −0.01 |
| TSLA Tesla Inc. | Reduce -19.6% | 0.06% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -13.3% | 0.05% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -3.5% | 0.05% | −0.00 |
| QCOM Qualcomm Inc. | Reduce -2.3% | 0.06% | −0.00 |
| PEG Public Service Enterprise GP | Reduce -3.5% | 0.04% | −0.00 |
| SGOV iShares 0-3 Month Treasury B | Reduce -0.6% | 0.04% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -2.5% | 0.29% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.8% | 0.04% | −0.00 |
| QUAL iShares MSCI USA Quality Fac | Reduce -4.0% | 0.04% | −0.00 |
| BA The Boeing Co. | Reduce -15.4% | 0.05% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -3.8% | 0.32% | −0.00 |
| BX Blackstone Inc. | Reduce -1.1% | 0.07% | −0.00 |
| CAT Caterpillar Inc. | Reduce -5.5% | 0.04% | +0.00 |
| BAC Bank of America Corp. | Reduce -1.7% | 0.10% | +0.00 |
| EMC GLB X Emrg MRKT GRT Cnsumr | Reduce -0.3% | 0.11% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.4% | 0.27% | +0.00 |
| TXN Texas Instruments Inc. | Reduce -0.7% | 0.13% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.6% | 0.12% | +0.01 |
| NFLX Netflix Inc. | Reduce -14.5% | 0.08% | +0.01 |
| GDX Vaneck Gold Miners ETF | Reduce -2.5% | 0.70% | +0.01 |
| DIS The Walt Disney Co. | Reduce -5.8% | 0.12% | +0.01 |
| BITB Bitwise Bitcoin ETF | Reduce -1.1% | 0.10% | +0.02 |
| META Meta Platforms Inc. Class A | Reduce -4.3% | 0.33% | +0.04 |
| AVGO Broadcom Inc. | Reduce -1.6% | 0.21% | +0.07 |
| ORCL Oracle Corp. | Reduce -1.4% | 0.34% | +0.10 |
| NVDA Nvidia Corp. | Reduce -0.2% | 0.61% | +0.15 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +2.1% | 3.70% | +0.72 |
| DFAX Dimensional World Ex US Core | Add +3.3% | 11.39% | +0.68 |
| DFAC Dimensional US Core Equity 2 | Add +7.9% | 8.59% | +0.60 |
| DCOR Dimensional US Core Eq 1 ETF | Add +43.0% | 1.21% | +0.36 |
| QQQ Invesco QQQ Trust Series 1 | Add +53.5% | 0.78% | +0.31 |
| JPM JPMorgan Chase & Co. | Add +8.6% | 0.65% | +0.10 |
| IWD iShares Russell 1000 Value E | Add +10.1% | 1.78% | +0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.07% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +13.1% | 0.56% | +0.07 |
| EFA iShares MSCI Eafe ETF | Add +111.1% | 0.13% | +0.07 |
| SLV iShares Silver Trust | New | 0.07% | +0.07 |
| DIA SS SPDR Dow Jones Indus Avg | Add +24.1% | 0.37% | +0.06 |
| WMT Walmart Inc. | New | 0.06% | +0.06 |
| AMZN Amazon.com Inc. | Add +2.5% | 0.76% | +0.06 |
| DFSU Dimensional US Sus CORE1 ETF | New | 0.05% | +0.05 |
| MCD McDonald's Corp. | New | 0.05% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +75.6% | 0.12% | +0.05 |
| XLV SS Health Care Select Sector | New | 0.05% | +0.05 |
| IWM iShares Russell 2000 ETF | New | 0.05% | +0.05 |
| CB Chubb Ltd. | New | 0.04% | +0.04 |
| GE General Electric | New | 0.04% | +0.04 |
| NTAP Netapp Inc. | New | 0.04% | +0.04 |
| BLK BlackRock Inc. | New | 0.04% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +7.9% | 0.44% | +0.04 |
| QQEW First TR Nasdaq-100 Sel Eq | New | 0.04% | +0.04 |
| LIN Linde PLC | New | 0.04% | +0.04 |
| DISV Dimensional International SM | New | 0.04% | +0.04 |
| CARR Carrier Global Corp. | New | 0.04% | +0.04 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.04% | +0.04 |
| COST Costco Wholesale Corp. | Add +20.2% | 0.25% | +0.03 |
| ADI Analog Devices Inc. | Add +42.2% | 0.07% | +0.02 |
| DFAU Dimensional US Core Equity M | Add +0.6% | 1.20% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 0.39% | +0.02 |
| ABT Abbott Laboratories | Add +42.1% | 0.08% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +1.5% | 0.32% | +0.02 |
| EPD Enterprise Products Partners | Add +33.5% | 0.17% | +0.02 |
| IBM Intl Business Machines Corp. | Add +7.4% | 0.12% | +0.02 |
| HON Honeywell International Inc. | Add +3.1% | 0.25% | +0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Add +3.5% | 0.10% | +0.01 |
| DVS Dolly Varden Silver Ltd. | New | 0.01% | +0.01 |
| UNP Union Pacific Corp. | Add +23.9% | 0.06% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.3% | 0.34% | +0.01 |
| NTSX Wisdomtree US Efficient Core | Add +0.3% | 0.29% | +0.00 |
| PM Philip Morris International | Add +0.4% | 0.06% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +5.4% | 0.13% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Add +0.0% | 0.09% | +0.00 |
| RTX RTX Corp. | Add +0.1% | 0.10% | +0.00 |
| EBAY eBay Inc. | Add +0.4% | 0.07% | +0.00 |
| HD Home Depot Inc. | Add +9.2% | 0.25% | +0.00 |
| V Visa Inc. Class A | Add +7.6% | 0.26% | 0.00 |
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 |