Morton Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Morton Capital Management LLC reported 134 stock positions worth $651.2 million. Its top holding was Vaneck Merk Gold ETF (OUNZ) at 23.4% of the portfolio, followed by Wisdomtree Floating Rate Tre (USFR, 12.8%) and Dimensional World Ex US Core (DFAX, 11.5%). Compared with Q3 2025, it opened 11 new positions, sold out of 8, added to 55 and reduced 41. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +12%) and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- CALABASAS, CA
- CIK
- 0002002628
- Portfolio Value
- $651.2M (Q4 2025)
- SEC Filing
- 0002002628-26-000001 ↗ filed Feb 3, 2026
Holdings Value
Holdings 134 stocks · $651.2M
| OUNZ Vaneck Merk Gold ETF | 23.39% | 3,671,420 | $152.3M | Reduce -2.5% |
| USFR Wisdomtree Floating Rate Tre | 12.81% | 1,657,263 | $83.4M | Add +12.4% |
| DFAX Dimensional World Ex US Core | 11.48% | 2,284,140 | $74.8M | Add +3.3% |
| FLXR TCW Flexible Income ETF | 9.95% | 1,636,647 | $64.8M | Add +11.2% |
| DFAC Dimensional US Core Equity 2 | 8.63% | 1,418,804 | $56.2M | Add +4.3% |
| HAP Vaneck Natural Resources ETF | 3.64% | 394,182 | $23.7M | Reduce -1.2% |
| MSFT Microsoft Corp. | 2.84% | 38,275 | $18.5M | Reduce -4.6% |
| AAPL Apple Inc. | 2.29% | 54,853 | $14.9M | Reduce -0.3% |
| IAU iShares Gold Trust | 2.02% | 162,297 | $13.2M | Reduce -3.6% |
| IWD iShares Russell 1000 Value E | 1.60% | 49,434 | $10.4M | Reduce -5.2% |
| DCOR Dimensional US Core Eq 1 ETF | 1.57% | 139,272 | $10.3M | Add +9.3% |
| DFAU Dimensional US Core Equity M | 1.12% | 155,679 | $7.3M | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.01% | 9,682 | $6.6M | Reduce -0.3% |
| GDX Vaneck Gold Miners ETF | 0.90% | 68,244 | $5.9M | Reduce -3.9% |
| PID Invesco International Divide | 0.83% | 245,244 | $5.4M | Reduce -2.9% |
| VIG Vanguard Dividend Apprec ETF | 0.78% | 23,202 | $5.1M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 0.69% | 19,509 | $4.5M | Add +0.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.66% | 7,017 | $4.3M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.58% | 12,146 | $3.8M | Reduce -4.4% |
| JPM JPMorgan Chase & Co. | 0.56% | 11,373 | $3.7M | Reduce -3.5% |
| NVDA Nvidia Corp. | 0.49% | 16,970 | $3.2M | Reduce -6.7% |
| PG The Procter & Gamble Co. | 0.48% | 21,983 | $3.2M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.46% | 9,563 | $3.0M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.36% | 26,562 | $2.4M | Add +13.8% |
| IWF iShares Russell 1000 Growth | 0.34% | 4,736 | $2.2M | No change |
| ABBV Abbvie Inc. | 0.33% | 9,429 | $2.2M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 0.31% | 3,090 | $2.0M | Add +15.3% |
| IVV iShares Core S&P 500 ETF | 0.31% | 2,960 | $2.0M | Add +11.8% |
| CSCO Cisco Systems Inc. | 0.30% | 25,618 | $2.0M | Reduce -2.0% |
| AMGN Amgen Inc. | 0.30% | 5,983 | $2.0M | Reduce -2.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.29% | 5,611 | $1.9M | Add +5.6% |
| NTSX Wisdomtree US Efficient Core | 0.28% | 32,964 | $1.8M | Add +0.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.28% | 3,757 | $1.8M | Reduce -0.4% |
| IWB iShares Russell 1000 ETF | 0.27% | 4,730 | $1.8M | No change |
| VOO Vanguard S&P 500 ETF | 0.26% | 2,729 | $1.7M | Reduce -4.3% |
| ORCL Oracle Corp. | 0.25% | 8,233 | $1.6M | Reduce -1.3% |
| IVW iShares S&P 500 Growth ETF | 0.24% | 12,607 | $1.6M | Add +4.9% |
| AVGO Broadcom Inc. | 0.23% | 4,384 | $1.5M | Add +2.2% |
| VYM Vanguard High DVD Yield ETF | 0.20% | 9,262 | $1.3M | Add +0.0% |
| V Visa Inc. Class A | 0.20% | 3,772 | $1.3M | Add +0.3% |
| HD Home Depot Inc. | 0.19% | 3,521 | $1.2M | Reduce -6.1% |
| HON Honeywell International Inc. | 0.18% | 5,931 | $1.2M | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.17% | 9,388 | $1.1M | Add +7.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.17% | 3,445 | $1.1M | No change |
| GLD SPDR Gold Shares | 0.16% | 2,572 | $1.0M | Add +1.3% |
| KMI Kinder Morgan Inc. | 0.15% | 36,094 | $992K | Reduce -6.5% |
| JNJ Johnson & Johnson | 0.15% | 4,734 | $980K | Reduce -12.3% |
| COST Costco Wholesale Corp. | 0.15% | 1,126 | $971K | Reduce -5.0% |
| LLY Eli Lilly & Co. | 0.13% | 771 | $829K | Add +1.4% |
| ET Energy Transfer LP | 0.12% | 48,567 | $801K | Add +1.6% |
| DFAE Dimensional Emerging Core Eq | 0.12% | 24,108 | $785K | Reduce -6.0% |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 4,090 | $783K | No change |
| MRK Merck & Co. Inc. | 0.12% | 7,237 | $762K | Add +2.7% |
| EPD Enterprise Products Partners | 0.12% | 23,732 | $761K | Add +1.6% |
| WM Waste Management Inc. | 0.12% | 3,421 | $752K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.11% | 1,487 | $725K | Add +0.4% |
| BITB Bitwise Bitcoin ETF | 0.11% | 14,947 | $711K | Add +55.7% |
| RTX RTX Corp. | 0.11% | 3,776 | $693K | Add +0.3% |
| IVE iShares S&P 500 Value ETF | 0.10% | 3,225 | $684K | Add +10.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 2,252 | $667K | Add +1.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 11,426 | $628K | Reduce -0.1% |
| GNR State Street SPDR S&P Global | 0.09% | 9,891 | $615K | Reduce -8.1% |
| MLPA Global X MLP ETF | 0.09% | 12,626 | $611K | No change |
| SCZ iShares MSCI Eafe Small-Cap | 0.09% | 7,666 | $594K | Add +2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.09% | 5,142 | $585K | Reduce -9.1% |
| SLV iShares Silver Trust | 0.09% | 8,873 | $572K | Add +12.5% |
| VWO Vanguard Ftse Emerging Marke | 0.09% | 10,543 | $567K | Reduce -5.6% |
| SCHX Schwab US Large-Cap ETF | 0.09% | 20,812 | $560K | Add +0.0% |
| VGIT Vanguard Intermediate-Term T | 0.08% | 9,207 | $552K | No change |
| OKE Oneok Inc. | 0.08% | 7,502 | $551K | Add +0.9% |
| EEM iShares MSCI Emerging Market | 0.08% | 9,631 | $527K | No change |
| BBJP JPMorgan Betabuilders Japan | 0.08% | 7,676 | $506K | No change |
| EMC GLB X Emrg MRKT GRT Cnsumr | 0.08% | 16,348 | $503K | Reduce -23.1% |
| TXN Texas Instruments Inc. | 0.08% | 2,855 | $495K | Reduce -6.5% |
| TSLA Tesla Inc. | 0.07% | 1,067 | $480K | Add +0.8% |
| GS Goldman Sachs Group Inc. | 0.07% | 539 | $474K | Add +1.1% |
| MA Mastercard Inc. Class A | 0.07% | 807 | $461K | Add +0.6% |
| CVX Chevron Corp. | 0.07% | 2,976 | $454K | Reduce -13.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.07% | 8,666 | $436K | Add +3.8% |
| EBAY eBay Inc. | 0.06% | 4,555 | $397K | Reduce -11.5% |
| BX Blackstone Inc. | 0.06% | 2,545 | $392K | Reduce -3.8% |
| XGDVX Gabelli Dividend & Income TR | 0.06% | 13,694 | $380K | Reduce -0.7% |
| EFA iShares MSCI Eafe ETF | 0.06% | 3,948 | $379K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.06% | 1,283 | $372K | No change |
| QCOM Qualcomm Inc. | 0.05% | 2,076 | $355K | Add +1.1% |
| BBCA JPMorgan Betabuilders Canada | 0.05% | 3,729 | $347K | No change |
| CAT Caterpillar Inc. | 0.05% | 595 | $341K | Add +1.4% |
| DFSU Dimensional US Sus CORE1 ETF | 0.05% | 7,720 | $335K | Reduce -1.5% |
| QUAL iShares MSCI USA Quality Fac | 0.05% | 1,643 | $326K | Add +25.2% |
| GBIL Goldman Sachs Access Treasur | 0.05% | 3,202 | $320K | Add +0.1% |
| BBEU JPMorgan Betabuilders Europe | 0.05% | 4,290 | $314K | New |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.05% | 758 | $313K | No change |
| NFLX Netflix Inc. | 0.05% | 3,323 | $312K | Add +1.0% |
| GE General Electric filed as GE AEROSPACE | 0.05% | 1,009 | $311K | Add +2.4% |
| VT Vanguard Tot World STK ETF | 0.05% | 2,198 | $310K | New |
| IJH iShares Core S&P Midcap ETF | 0.05% | 4,615 | $305K | Add +0.1% |
| PM Philip Morris International | 0.05% | 1,881 | $302K | Add +0.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.05% | 1,575 | $301K | Add +9.4% |
| BA The Boeing Co. | 0.05% | 1,381 | $300K | Add +0.4% |
| VGT Vanguard Info Tech ETF | 0.05% | 393 | $296K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -4.6% | 2.84% | −0.57 |
| IWD iShares Russell 1000 Value E | Reduce -5.2% | 1.60% | −0.15 |
| ORCL Oracle Corp. | Reduce -1.3% | 0.25% | −0.14 |
| HAP Vaneck Natural Resources ETF | Reduce -1.2% | 3.64% | −0.10 |
| NVDA Nvidia Corp. | Reduce -6.7% | 0.49% | −0.07 |
| HD Home Depot Inc. | Reduce -6.1% | 0.19% | −0.06 |
| PID Invesco International Divide | Reduce -2.9% | 0.83% | −0.05 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.6% | 0.78% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 1.01% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -3.5% | 0.56% | −0.05 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.04 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −0.04 |
| RS Reliance Inc. | Sold out | 0.00% | −0.04 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.04 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.03 |
| SIVR Abrdn Physical Silver Shares | Sold out | 0.00% | −0.03 |
| VBIL Vanguard 0-3M T-Bill ETF | Sold out | 0.00% | −0.03 |
| EMC GLB X Emrg MRKT GRT Cnsumr | Reduce -23.1% | 0.08% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -5.0% | 0.15% | −0.03 |
| ABBV Abbvie Inc. | Reduce -0.7% | 0.33% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -6.5% | 0.15% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -4.3% | 0.26% | −0.02 |
| CVX Chevron Corp. | Reduce -13.1% | 0.07% | −0.02 |
| DIS The Walt Disney Co. | Reduce -9.1% | 0.09% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -6.5% | 0.08% | −0.02 |
| EBAY eBay Inc. | Reduce -11.5% | 0.06% | −0.02 |
| BX Blackstone Inc. | Reduce -3.8% | 0.06% | −0.01 |
| JNJ Johnson & Johnson | Reduce -12.3% | 0.15% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -21.2% | 0.05% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -5.6% | 0.09% | −0.01 |
| DFAE Dimensional Emerging Core Eq | Reduce -6.0% | 0.12% | −0.01 |
| UNP Union Pacific Corp. | Reduce -16.6% | 0.03% | −0.01 |
| GNR State Street SPDR S&P Global | Reduce -8.1% | 0.09% | −0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -0.4% | 0.28% | −0.01 |
| AAPL Apple Inc. | Reduce -0.3% | 2.29% | −0.01 |
| VLO Valero Energy Corp. | Reduce -5.4% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -3.7% | 0.03% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -0.3% | 0.04% | −0.00 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -1.5% | 0.05% | −0.00 |
| XGDVX Gabelli Dividend & Income TR | Reduce -0.7% | 0.06% | −0.00 |
| BAC Bank of America Corp. | Reduce -0.1% | 0.10% | −0.00 |
| GDX Vaneck Gold Miners ETF | Reduce -3.9% | 0.90% | +0.01 |
| CSCO Cisco Systems Inc. | Reduce -2.0% | 0.30% | +0.01 |
| IAU iShares Gold Trust | Reduce -3.6% | 2.02% | +0.01 |
| AMGN Amgen Inc. | Reduce -2.8% | 0.30% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -4.4% | 0.58% | +0.08 |
| GOOG Alphabet Inc. Class C | Reduce -0.4% | 0.46% | +0.08 |
| OUNZ Vaneck Merk Gold ETF | Reduce -2.5% | 23.39% | +0.42 |
Portfolio Buys Q3 2025 → Q4 2025
| USFR Wisdomtree Floating Rate Tre | Add +12.4% | 12.81% | +0.65 |
| FLXR TCW Flexible Income ETF | Add +11.2% | 9.95% | +0.34 |
| DFAX Dimensional World Ex US Core | Add +3.3% | 11.48% | +0.10 |
| DCOR Dimensional US Core Eq 1 ETF | Add +9.3% | 1.57% | +0.07 |
| BBEU JPMorgan Betabuilders Europe | New | 0.05% | +0.05 |
| VT Vanguard Tot World STK ETF | New | 0.05% | +0.05 |
| GRAL Grail Inc. | New | 0.04% | +0.04 |
| ARWR Arrowhead Pharmaceuticals Inc. | New | 0.04% | +0.04 |
| TLT iShares 20+ Year Treasury BD | New | 0.03% | +0.03 |
| VXUS Vanguard Total Intl Stock | New | 0.03% | +0.03 |
| IEMG iShares Core MSCI Emerging | New | 0.03% | +0.03 |
| SLV iShares Silver Trust | Add +12.5% | 0.09% | +0.03 |
| DFUS Dimensional US Eq MKT ETF | New | 0.03% | +0.03 |
| LLY Eli Lilly & Co. | Add +1.4% | 0.13% | +0.03 |
| GILD Gilead Sciences Inc. | New | 0.03% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +13.8% | 0.36% | +0.03 |
| DFAC Dimensional US Core Equity 2 | Add +4.3% | 8.63% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +11.8% | 0.31% | +0.02 |
| MRK Merck & Co. Inc. | Add +2.7% | 0.12% | +0.02 |
| XOM Exxon Mobil Corp. | Add +7.4% | 0.17% | +0.01 |
| BITB Bitwise Bitcoin ETF | Add +55.7% | 0.11% | +0.01 |
| GLD SPDR Gold Shares | Add +1.3% | 0.16% | +0.01 |
| CREATIVE MEDIA & COMMUNITY T | New | 0.01% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +25.2% | 0.05% | +0.01 |
| CAT Caterpillar Inc. | Add +1.4% | 0.05% | +0.01 |
| IVE iShares S&P 500 Value ETF | Add +10.6% | 0.10% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +1.1% | 0.07% | +0.00 |
| RTX RTX Corp. | Add +0.3% | 0.11% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.6% | 0.29% | +0.00 |
| TELO Telomir Pharmaceuticals Inc. | New | 0.00% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +9.4% | 0.05% | +0.00 |
| AVGO Broadcom Inc. | Add +2.2% | 0.23% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +4.9% | 0.24% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.8% | 0.04% | −0.00 |
| IBM Intl Business Machines Corp. | Add +1.0% | 0.10% | −0.00 |
| GE General Electric | Add +2.4% | 0.05% | −0.00 |
| QCOM Qualcomm Inc. | Add +1.1% | 0.05% | −0.00 |
| CMF iShares California Muni Bond | Add +1.0% | 0.03% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.3% | 0.03% | −0.00 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +3.8% | 0.07% | −0.00 |
| MCD McDonald's Corp. | Add +0.9% | 0.04% | −0.00 |
| SBUX Starbucks Corp. | Add +0.9% | 0.03% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.1% | 0.05% | −0.00 |
| BA The Boeing Co. | Add +0.4% | 0.05% | −0.00 |
| EPD Enterprise Products Partners | Add +1.6% | 0.12% | −0.00 |
| SGOV iShares 0-3 Month Treasury B | Add +0.0% | 0.04% | −0.00 |
| SCZ iShares MSCI Eafe Small-Cap | Add +2.0% | 0.09% | −0.00 |
| GBIL Goldman Sachs Access Treasur | Add +0.1% | 0.05% | −0.00 |
| PM Philip Morris International | Add +0.4% | 0.05% | −0.00 |
| TSLA Tesla Inc. | Add +0.8% | 0.07% | −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 |