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

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $370.4M Q1 2024 Q2 2024: $421.2M Q2 2024 Q3 2024: $508.0M Q3 2024 Q4 2024: $530.0M Q4 2024 Q1 2025: $517.6M Q1 2025 Q2 2025: $564.0M $564.0M Q2 2025 Q3 2025: $609.4M Q3 2025 Q4 2025: $651.2M Q4 2025 Q1 2026: $672.2M Q1 2026 Q2 2026: $731.3M Q2 2026

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
VGT Vanguard Info Tech ETF 0.05% 393 $261K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.05% 1,439 $254K Reduce -3.5%
INVH Invitation Homes Inc. 0.04% 7,609 $250K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.04% 762 $244K No change
QUAL iShares MSCI USA Quality Fac 0.04% 1,311 $240K Reduce -4.0%
CB Chubb Ltd. 0.04% 809 $235K New
SGOV iShares 0-3 Month Treasury B 0.04% 2,318 $233K Reduce -0.6%
GE General Electric filed as GE AEROSPACE 0.04% 887 $228K New
CAT Caterpillar Inc. 0.04% 587 $228K Reduce -5.5%
NTAP Netapp Inc. 0.04% 2,128 $227K New
PEG Public Service Enterprise GP 0.04% 2,674 $225K Reduce -3.5%
SONY Sony Group Corp. - SP ADR 0.04% 7,790 $223K Add +0.2%
DVY iShares Select Dividend ETF 0.04% 1,638 $218K No change
BLK BlackRock Inc. 0.04% 207 $217K New
QQEW First TR Nasdaq-100 Sel Eq 0.04% 1,545 $211K New
LIN Linde PLC 0.04% 447 $210K New
DISV Dimensional International SM 0.04% 6,289 $207K New
UNH Unitedhealth Group Inc. 0.04% 660 $206K Add +69.2%
VEU Vanguard Ftse All-World Ex-U 0.04% 3,043 $205K New
CARR Carrier Global Corp. 0.04% 2,794 $204K New
IJR iShares Core S&P Small-Cap E 0.04% 1,849 $202K Reduce -4.8%
CMF iShares California Muni Bond 0.04% 3,626 $202K Add +0.8%
GDOT Green Dot Corp. Class A 0.03% 17,946 $193K No change
NGD New Gold Inc. 0.03% 31,494 $156K No change
CDZI Cadiz Inc. 0.01% 16,675 $50K No change
DVS Dolly Varden Silver Ltd. 0.01% 11,893 $40K New

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 160$731.3MOUNZ, DFAX, USFR, FLXR, DFAC
Q1 2026 138$672.2MOUNZ, USFR, DFAX, FLXR, DFAC
Q4 2025 134$651.2MOUNZ, USFR, DFAX, FLXR, DFAC
Q3 2025 131$609.4MOUNZ, USFR, DFAX, FLXR, DFAC
Q2 2025 126$564.0MOUNZ, USFR, DFAX, FLXR, DFAC
Q1 2025 111$517.6MOUNZ, USFR, DFAX, FLXR, DFAC
Q4 2024 111$530.0MOUNZ, USFR, DFAX, FLXR, DFAC
Q3 2024 111$508.0MOUNZ, USFR, DFAX, FLXR, DFAC
Q2 2024 99$421.2MOUNZ, DFAX, FLXR, DFAC, TRUST FOR PROFESSIONAL MANAG
Q1 2024 106$370.4MOUNZ, DFAX, DFAC, TRUST FOR PROFESSIONAL MANAG, MSFT