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

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 Q2 2025 Q3 2025: $609.4M $609.4M Q3 2025 Q4 2025: $651.2M Q4 2025 Q1 2026: $672.2M Q1 2026 Q2 2026: $731.3M Q2 2026

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%
AEM Agnico Eagle Mines Ltd. 0.04% 1,609 $271K New
UNP Union Pacific Corp. 0.04% 1,141 $270K Reduce -20.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 1,439 $268K No change
ADI Analog Devices Inc. 0.04% 1,063 $261K Reduce -31.4%
QUAL iShares MSCI USA Quality Fac 0.04% 1,312 $255K Add +0.1%
PLTR Palantir Technologies Inc. Class A 0.04% 1,364 $249K New
SONY Sony Group Corp. - SP ADR 0.04% 7,790 $244K No change
RS Reliance Inc. 0.04% 865 $243K No change
GDOT Green Dot Corp. Class A 0.04% 17,946 $241K No change
NTAP Netapp Inc. 0.04% 2,028 $240K Reduce -4.7%
MCD McDonald's Corp. 0.04% 782 $238K Reduce -19.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.04% 762 $236K No change
UNH Unitedhealth Group Inc. 0.04% 679 $234K Add +2.9%
DVY iShares Select Dividend ETF 0.04% 1,638 $233K No change
VLO Valero Energy Corp. 0.04% 1,337 $228K New
NGD New Gold Inc. 0.04% 31,494 $226K No change
DISV Dimensional International SM 0.04% 6,289 $224K No change
PEG Public Service Enterprise GP 0.04% 2,674 $223K No change
INVH Invitation Homes Inc. 0.04% 7,609 $223K No change
IJR iShares Core S&P Small-Cap E 0.04% 1,849 $220K No change
VEU Vanguard Ftse All-World Ex-U 0.04% 3,058 $218K Add +0.5%
QQEW First TR Nasdaq-100 Sel Eq 0.04% 1,545 $218K No change
SBUX Starbucks Corp. 0.04% 2,574 $218K Reduce -64.2%
BBAX JPMorgan Betabuilders Develo 0.03% 3,775 $213K New
ASML ASML Holding NV-NY Reg SHS 0.03% 219 $212K New
CMF iShares California Muni Bond 0.03% 3,654 $208K Add +0.8%
SIVR Abrdn Physical Silver Shares 0.03% 4,656 $207K New
VB Vanguard Most SM-Cap ETF-Usd 0.03% 797 $203K New
VBIL Vanguard 0-3M T-Bill ETF 0.03% 2,651 $200K New
CDZI Cadiz Inc. 0.01% 16,675 $79K No change
DVS Dolly Varden Silver Ltd. 0.01% 11,893 $60K No change

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

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