Morton Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Morton Capital Management LLC reported 131 stock positions worth $609.4 million. Its top holding was Vaneck Merk Gold ETF (OUNZ) at 23.0% of the portfolio, followed by Wisdomtree Floating Rate Tre (USFR, 12.2%) and Dimensional World Ex US Core (DFAX, 11.4%). Compared with Q2 2025, it opened 13 new positions, sold out of 8, added to 40 and reduced 52. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +91%) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- CALABASAS, CA
- CIK
- 0002002628
- Portfolio Value
- $609.4M (Q3 2025)
- SEC Filing
- 0002002628-25-000002 ↗ filed Oct 24, 2025
Holdings Value
Holdings 131 stocks · $609.4M
| OUNZ Vaneck Merk Gold ETF | 22.97% | 3,764,126 | $140.0M | Reduce -2.9% |
| USFR Wisdomtree Floating Rate Tre | 12.16% | 1,474,168 | $74.1M | Reduce -1.4% |
| DFAX Dimensional World Ex US Core | 11.38% | 2,210,604 | $69.4M | Add +1.1% |
| FLXR TCW Flexible Income ETF | 9.61% | 1,471,823 | $58.6M | Add +7.1% |
| DFAC Dimensional US Core Equity 2 | 8.60% | 1,359,617 | $52.4M | Add +0.6% |
| HAP Vaneck Natural Resources ETF | 3.74% | 399,026 | $22.8M | Reduce -1.9% |
| MSFT Microsoft Corp. | 3.41% | 40,134 | $20.8M | Reduce -4.3% |
| AAPL Apple Inc. | 2.30% | 55,004 | $14.0M | Reduce -9.5% |
| IAU iShares Gold Trust | 2.01% | 168,366 | $12.3M | Reduce -2.1% |
| IWD iShares Russell 1000 Value E | 1.74% | 52,161 | $10.6M | Add +1.1% |
| DCOR Dimensional US Core Eq 1 ETF | 1.50% | 127,362 | $9.2M | Add +24.9% |
| DFAU Dimensional US Core Equity M | 1.16% | 154,544 | $7.1M | Reduce -3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.06% | 9,710 | $6.5M | Add +91.1% |
| GDX Vaneck Gold Miners ETF | 0.89% | 71,024 | $5.4M | Reduce -6.0% |
| PID Invesco International Divide | 0.88% | 252,653 | $5.4M | Reduce -1.4% |
| VIG Vanguard Dividend Apprec ETF | 0.83% | 23,575 | $5.1M | Add +0.0% |
| AMZN Amazon.com Inc. | 0.70% | 19,335 | $4.2M | Reduce -1.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.69% | 7,013 | $4.2M | Reduce -12.6% |
| JPM JPMorgan Chase & Co. | 0.61% | 11,782 | $3.7M | Reduce -7.0% |
| NVDA Nvidia Corp. | 0.56% | 18,184 | $3.4M | Reduce -16.0% |
| PG The Procter & Gamble Co. | 0.55% | 21,958 | $3.4M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 0.51% | 12,708 | $3.1M | Add +2.8% |
| ORCL Oracle Corp. | 0.39% | 8,343 | $2.3M | Reduce -4.4% |
| GOOG Alphabet Inc. Class C | 0.38% | 9,599 | $2.3M | Reduce -5.0% |
| IWF iShares Russell 1000 Growth | 0.36% | 4,736 | $2.2M | Add +23.7% |
| ABBV Abbvie Inc. | 0.36% | 9,495 | $2.2M | Reduce -2.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.33% | 23,330 | $2.0M | Add +0.4% |
| META Meta Platforms Inc. Class A | 0.32% | 2,681 | $2.0M | Add +5.5% |
| CSCO Cisco Systems Inc. | 0.29% | 26,139 | $1.8M | Reduce -0.8% |
| NTSX Wisdomtree US Efficient Core | 0.29% | 32,865 | $1.8M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 0.29% | 2,647 | $1.8M | Reduce -0.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.29% | 3,771 | $1.7M | Reduce -19.8% |
| VOO Vanguard S&P 500 ETF | 0.29% | 2,850 | $1.7M | Reduce -35.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.29% | 5,313 | $1.7M | Add +6.4% |
| AMGN Amgen Inc. | 0.28% | 6,155 | $1.7M | Reduce -3.5% |
| IWB iShares Russell 1000 ETF | 0.28% | 4,730 | $1.7M | No change |
| HD Home Depot Inc. | 0.25% | 3,749 | $1.5M | Reduce -2.6% |
| IVW iShares S&P 500 Growth ETF | 0.24% | 12,020 | $1.5M | Add +155.2% |
| AVGO Broadcom Inc. | 0.23% | 4,291 | $1.4M | Reduce -2.4% |
| VYM Vanguard High DVD Yield ETF | 0.21% | 9,260 | $1.3M | Reduce -1.0% |
| V Visa Inc. Class A | 0.21% | 3,759 | $1.3M | Reduce -9.1% |
| HON Honeywell International Inc. | 0.20% | 5,920 | $1.2M | Reduce -2.6% |
| COST Costco Wholesale Corp. | 0.18% | 1,185 | $1.1M | Reduce -15.2% |
| KMI Kinder Morgan Inc. | 0.18% | 38,587 | $1.1M | Add +0.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.17% | 3,445 | $1.1M | No change |
| JNJ Johnson & Johnson | 0.16% | 5,397 | $1.0M | Add +0.3% |
| XOM Exxon Mobil Corp. | 0.16% | 8,743 | $986K | Reduce -14.4% |
| GLD SPDR Gold Shares | 0.15% | 2,540 | $903K | Reduce -45.0% |
| ET Energy Transfer LP | 0.13% | 47,800 | $820K | Reduce -4.6% |
| DFAE Dimensional Emerging Core Eq | 0.13% | 25,656 | $809K | Reduce -13.6% |
| RSP Invesco S&P 500 Equal Weight | 0.13% | 4,090 | $776K | Add +5.0% |
| WM Waste Management Inc. | 0.12% | 3,421 | $755K | No change |
| EPD Enterprise Products Partners | 0.12% | 23,351 | $730K | Reduce -23.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.12% | 1,481 | $710K | Reduce -0.5% |
| EMC GLB X Emrg MRKT GRT Cnsumr | 0.11% | 21,267 | $663K | Add +0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.11% | 5,657 | $648K | Add +0.0% |
| GNR State Street SPDR S&P Global | 0.10% | 10,761 | $637K | Reduce -0.9% |
| RTX RTX Corp. | 0.10% | 3,764 | $630K | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 2,230 | $629K | Add +0.8% |
| MLPA Global X MLP ETF | 0.10% | 12,626 | $611K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.10% | 11,165 | $605K | Add +2.2% |
| IVE iShares S&P 500 Value ETF | 0.10% | 2,916 | $602K | New |
| BITB Bitwise Bitcoin ETF | 0.10% | 9,598 | $597K | Add +2.9% |
| MRK Merck & Co. Inc. | 0.10% | 7,045 | $591K | Add +0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 11,437 | $590K | Reduce -0.7% |
| LLY Eli Lilly & Co. | 0.10% | 760 | $580K | Reduce -12.6% |
| SCZ iShares MSCI Eafe Small-Cap | 0.09% | 7,519 | $577K | Reduce -1.9% |
| TXN Texas Instruments Inc. | 0.09% | 3,054 | $561K | Reduce -11.4% |
| VGIT Vanguard Intermediate-Term T | 0.09% | 9,207 | $553K | New |
| SCHX Schwab US Large-Cap ETF | 0.09% | 20,807 | $548K | Add +5.4% |
| OKE Oneok Inc. | 0.09% | 7,434 | $542K | Add +0.8% |
| CVX Chevron Corp. | 0.09% | 3,426 | $532K | Reduce -3.3% |
| EEM iShares MSCI Emerging Market | 0.08% | 9,631 | $514K | Reduce -1.1% |
| BBJP JPMorgan Betabuilders Japan | 0.08% | 7,676 | $509K | New |
| TSLA Tesla Inc. | 0.08% | 1,059 | $471K | Reduce -0.1% |
| EBAY eBay Inc. | 0.08% | 5,147 | $468K | Add +0.9% |
| MA Mastercard Inc. Class A | 0.07% | 802 | $456K | No change |
| BX Blackstone Inc. | 0.07% | 2,645 | $452K | No change |
| GS Goldman Sachs Group Inc. | 0.07% | 533 | $424K | Add +0.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.07% | 8,350 | $418K | New |
| NFLX Netflix Inc. | 0.06% | 329 | $394K | Add +3.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.06% | 1,283 | $377K | No change |
| XGDVX Gabelli Dividend & Income TR | 0.06% | 13,796 | $374K | Reduce -2.4% |
| EFA iShares MSCI Eafe ETF | 0.06% | 3,948 | $369K | Reduce -52.6% |
| VEA Vanguard Ftse Developed ETF | 0.06% | 6,021 | $361K | Add +16.0% |
| GRMN Garmin Ltd. | 0.06% | 1,450 | $357K | No change |
| QCOM Qualcomm Inc. | 0.06% | 2,053 | $342K | Add +0.1% |
| SLV iShares Silver Trust | 0.05% | 7,885 | $334K | Reduce -30.3% |
| DFSU Dimensional US Sus CORE1 ETF | 0.05% | 7,836 | $333K | Add +7.5% |
| BBCA JPMorgan Betabuilders Canada | 0.05% | 3,729 | $325K | New |
| GBIL Goldman Sachs Access Treasur | 0.05% | 3,200 | $321K | Add +0.1% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.05% | 758 | $305K | No change |
| PM Philip Morris International | 0.05% | 1,874 | $304K | Add +0.3% |
| IJH iShares Core S&P Midcap ETF | 0.05% | 4,611 | $301K | Reduce -57.9% |
| BA The Boeing Co. | 0.05% | 1,376 | $297K | No change |
| GE General Electric filed as GE AEROSPACE | 0.05% | 985 | $296K | Add +11.1% |
| VGT Vanguard Info Tech ETF | 0.05% | 393 | $294K | No change |
| ABT Abbott Laboratories | 0.05% | 2,115 | $283K | Reduce -32.1% |
| CAT Caterpillar Inc. | 0.05% | 587 | $280K | No change |
| SGOV iShares 0-3 Month Treasury B | 0.05% | 2,768 | $279K | Add +19.4% |
Portfolio Sells Q2 2025 → Q3 2025
| USFR Wisdomtree Floating Rate Tre | Reduce -1.4% | 12.16% | −1.17 |
| MSFT Microsoft Corp. | Reduce -4.3% | 3.41% | −0.29 |
| VOO Vanguard S&P 500 ETF | Reduce -35.3% | 0.29% | −0.16 |
| GLD SPDR Gold Shares | Reduce -45.0% | 0.15% | −0.10 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -12.6% | 0.69% | −0.09 |
| SBUX Starbucks Corp. | Reduce -64.2% | 0.04% | −0.08 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -19.8% | 0.29% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -2.1% | 0.55% | −0.08 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.07 |
| EFA iShares MSCI Eafe ETF | Reduce -52.6% | 0.06% | −0.07 |
| IJH iShares Core S&P Midcap ETF | Reduce -57.9% | 0.05% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 0.70% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -15.2% | 0.18% | −0.07 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.06 |
| NVDA Nvidia Corp. | Reduce -16.0% | 0.56% | −0.05 |
| PID Invesco International Divide | Reduce -1.4% | 0.88% | −0.05 |
| V Visa Inc. Class A | Reduce -9.1% | 0.21% | −0.05 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.05 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.05 |
| EPD Enterprise Products Partners | Reduce -23.6% | 0.12% | −0.05 |
| HON Honeywell International Inc. | Reduce -2.6% | 0.20% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -7.0% | 0.61% | −0.04 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.04 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.04 |
| DFAU Dimensional US Core Equity M | Reduce -3.1% | 1.16% | −0.04 |
| LIN Linde PLC | Sold out | 0.00% | −0.04 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -11.4% | 0.09% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -14.4% | 0.16% | −0.03 |
| AMGN Amgen Inc. | Reduce -3.5% | 0.28% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -0.8% | 0.29% | −0.03 |
| ABT Abbott Laboratories | Reduce -32.1% | 0.05% | −0.03 |
| ET Energy Transfer LP | Reduce -4.6% | 0.13% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -12.6% | 0.10% | −0.03 |
| ADI Analog Devices Inc. | Reduce -31.4% | 0.04% | −0.02 |
| DFAE Dimensional Emerging Core Eq | Reduce -13.6% | 0.13% | −0.02 |
| UNP Union Pacific Corp. | Reduce -20.7% | 0.04% | −0.01 |
| MCD McDonald's Corp. | Reduce -19.6% | 0.04% | −0.01 |
| SLV iShares Silver Trust | Reduce -30.3% | 0.05% | −0.01 |
| HAP Vaneck Natural Resources ETF | Reduce -1.9% | 3.74% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.0% | 0.21% | −0.01 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -1.9% | 0.09% | −0.00 |
| XGDVX Gabelli Dividend & Income TR | Reduce -2.4% | 0.06% | −0.00 |
| CVX Chevron Corp. | Reduce -3.3% | 0.09% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -0.5% | 0.29% | −0.00 |
| HD Home Depot Inc. | Reduce -2.6% | 0.25% | −0.00 |
| NTAP Netapp Inc. | Reduce -4.7% | 0.04% | −0.00 |
| GNR State Street SPDR S&P Global | Reduce -0.9% | 0.10% | +0.00 |
| BAC Bank of America Corp. | Reduce -0.7% | 0.10% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.5% | 0.12% | +0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +91.1% | 1.06% | +0.50 |
| DCOR Dimensional US Core Eq 1 ETF | Add +24.9% | 1.50% | +0.30 |
| IVW iShares S&P 500 Growth ETF | Add +155.2% | 0.24% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +2.8% | 0.51% | +0.12 |
| IVE iShares S&P 500 Value ETF | New | 0.10% | +0.10 |
| VGIT Vanguard Intermediate-Term T | New | 0.09% | +0.09 |
| BBJP JPMorgan Betabuilders Japan | New | 0.08% | +0.08 |
| IWF iShares Russell 1000 Growth | Add +23.7% | 0.36% | +0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.07% | +0.07 |
| BBCA JPMorgan Betabuilders Canada | New | 0.05% | +0.05 |
| AEM Agnico Eagle Mines Ltd. | New | 0.04% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | New | 0.04% | +0.04 |
| VLO Valero Energy Corp. | New | 0.04% | +0.04 |
| BBAX JPMorgan Betabuilders Develo | New | 0.03% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.03% | +0.03 |
| SIVR Abrdn Physical Silver Shares | New | 0.03% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.03% | +0.03 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.03% | +0.03 |
| JNJ Johnson & Johnson | Add +0.3% | 0.16% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +6.4% | 0.29% | +0.02 |
| DFAC Dimensional US Core Equity 2 | Add +0.6% | 8.60% | +0.01 |
| EBAY eBay Inc. | Add +0.9% | 0.08% | +0.01 |
| GE General Electric | Add +11.1% | 0.05% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +16.0% | 0.06% | +0.01 |
| RTX RTX Corp. | Add +0.1% | 0.10% | +0.01 |
| SGOV iShares 0-3 Month Treasury B | Add +19.4% | 0.05% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Add +5.4% | 0.09% | +0.00 |
| DFSU Dimensional US Sus CORE1 ETF | Add +7.5% | 0.05% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +2.2% | 0.10% | +0.00 |
| FLXR TCW Flexible Income ETF | Add +7.1% | 9.61% | +0.00 |
| GS Goldman Sachs Group Inc. | Add +0.2% | 0.07% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +2.9% | 0.04% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +5.0% | 0.13% | +0.00 |
| BITB Bitwise Bitcoin ETF | Add +2.9% | 0.10% | +0.00 |
| NTSX Wisdomtree US Efficient Core | Add +0.3% | 0.29% | 0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.5% | 0.04% | −0.00 |
| QUAL iShares MSCI USA Quality Fac | Add +0.1% | 0.04% | −0.00 |
| MRK Merck & Co. Inc. | Add +0.6% | 0.10% | −0.00 |
| EMC GLB X Emrg MRKT GRT Cnsumr | Add +0.3% | 0.11% | −0.00 |
| CMF iShares California Muni Bond | Add +0.8% | 0.03% | −0.00 |
| QCOM Qualcomm Inc. | Add +0.1% | 0.06% | −0.00 |
| GBIL Goldman Sachs Access Treasur | Add +0.1% | 0.05% | −0.00 |
| DFAX Dimensional World Ex US Core | Add +1.1% | 11.38% | −0.01 |
| META Meta Platforms Inc. Class A | Add +5.5% | 0.32% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.4% | 0.33% | −0.01 |
| PM Philip Morris International | Add +0.3% | 0.05% | −0.01 |
| NFLX Netflix Inc. | Add +3.1% | 0.06% | −0.01 |
| IBM Intl Business Machines Corp. | Add +0.8% | 0.10% | −0.01 |
| OKE Oneok Inc. | Add +0.8% | 0.09% | −0.02 |
| DIS The Walt Disney Co. | Add +0.0% | 0.11% | −0.02 |
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 |