Napa Wealth Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed August 14, 2024), Napa Wealth Management reported 71 stock positions worth $189.9 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 29.3% of the portfolio, followed by SS Spdrb B 3-12M T-Bill ETF (BILS, 25.0%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 21.1%). Compared with Q4 2023, it opened 15 new positions, sold out of 53, added to 18 and reduced 29. The biggest buy was Wisdomtree Floating Rate Tre (USFR, shares +124%) and the biggest sale an exit from JPMorgan Chase (JPM).
- Most Recent 13F
- Q3 2025
- Location
- Napa, CA
- CIK
- 0001602844
- Portfolio Value
- $189.9M (Q1 2024)
- SEC Filing
- 0001172661-24-003494 ↗ filed Aug 14, 2024
Holdings Value
Holdings 71 stocks · $189.9M
| USFR Wisdomtree Floating Rate Tre | 29.34% | 1,107,883 | $55.7M | Add +123.8% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 25.01% | 477,724 | $47.5M | Add +149.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 21.11% | 436,760 | $40.1M | Add +110.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.48% | 6,341 | $2.8M | Reduce -4.2% |
| SPTS SS SPDR P St Term TSY ETF | 1.46% | 95,846 | $2.8M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.31% | 40,567 | $2.5M | Reduce -17.6% |
| IVV iShares Core S&P 500 ETF | 1.07% | 3,869 | $2.0M | Reduce -6.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.94% | 21,806 | $1.8M | Reduce -65.1% |
| MSFT Microsoft Corp. | 0.93% | 4,178 | $1.8M | Add +1.5% |
| HTGC Hercules Capital Inc. | 0.88% | 90,320 | $1.7M | Add +2.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.80% | 13,823 | $1.5M | Add +120.0% |
| AAPL Apple Inc. | 0.78% | 8,684 | $1.5M | Reduce -7.5% |
| NVDA Nvidia Corp. | 0.70% | 1,480 | $1.3M | Add +10.3% |
| AIQ Global X Art Intel & Tech | 0.64% | 35,647 | $1.2M | Reduce -1.4% |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | 0.63% | 98,977 | $1.2M | Reduce -0.0% |
| QTEC First Trust Nasdq 100 Tech I | 0.55% | 5,526 | $1.1M | Add +13.0% |
| VTWG Vanguard Russell 2000 Growth | 0.55% | 5,335 | $1.1M | New |
| IVE iShares S&P 500 Value ETF | 0.47% | 4,733 | $884K | Reduce -60.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.46% | 4,797 | $876K | Reduce -24.9% |
| NBH Neuberger Municipal Fund Inc. | 0.43% | 78,051 | $817K | Reduce -0.4% |
| SMH Vaneck Semiconductor ETF | 0.43% | 3,594 | $809K | Add +2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.38% | 1,372 | $718K | Reduce -6.6% |
| IJR iShares Core S&P Small-Cap E | 0.36% | 6,222 | $688K | Reduce -5.3% |
| CEV Eaton Vance Ca Muni Inc. TRST | 0.35% | 63,334 | $672K | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.32% | 2,367 | $615K | Reduce -28.0% |
| CDNS Cadence Design SYS Inc. | 0.32% | 1,976 | $615K | Add +3.7% |
| NOW ServiceNow Inc. | 0.30% | 757 | $577K | No change |
| SUB iShares Short-Term National | 0.30% | 5,425 | $568K | Reduce -29.4% |
| SPTI SS SPDR P Int Term TSY ETF | 0.29% | 19,759 | $557K | New |
| ANET Arista Networks Inc. | 0.29% | 1,886 | $547K | New |
| VCV Invesco Ca Val Muni Inc. TR | 0.28% | 53,615 | $534K | No change |
| IBP Installed Building Products | 0.28% | 2,044 | $529K | New |
| TBIL F/M US Treasury 3 Month Bill | 0.26% | 10,012 | $501K | Add +7.1% |
| SKYY First Trust Cloud Computing | 0.26% | 5,090 | $487K | No change |
| MUC BlackRock Munihold Ca QLTY | 0.25% | 42,313 | $466K | No change |
| XBIL F/M US Treasury 6 Month Bill | 0.24% | 9,285 | $465K | Reduce -7.9% |
| AOR iShares Core 60/40 Balanced | 0.23% | 7,977 | $444K | Reduce -81.8% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.23% | 40,233 | $443K | No change |
| MDY State Street SPDR S&P Midcap | 0.22% | 750 | $417K | Reduce -0.7% |
| XEVMX Eaton Vance Cal Muni Bond | 0.21% | 43,102 | $407K | No change |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.21% | 8,244 | $405K | Reduce -63.9% |
| VOO Vanguard S&P 500 ETF | 0.21% | 817 | $393K | Add +0.6% |
| XSW SS SPDR S&P Soft & Serv ETF | 0.21% | 2,510 | $392K | Reduce -3.8% |
| AAPD Direxion Daily Aapl Bear 1X | 0.21% | 17,182 | $390K | New |
| XBFZX BlackRock Ca Muni Inc. TR | 0.20% | 31,614 | $374K | No change |
| DECK Deckers Outdoor Corp. | 0.20% | 395 | $372K | New |
| TIPX SS SPDR BB 1-10YR Tips ETF | 0.20% | 19,884 | $371K | New |
| SPIP SS SPDR P Tips ETF | 0.18% | 13,689 | $351K | New |
| VEA Vanguard Ftse Developed ETF | 0.18% | 6,971 | $350K | Add +1.0% |
| ARE Alexandria Real Estate Equit | 0.17% | 2,552 | $329K | Reduce -2.7% |
| TSCO Tractor Supply Company | 0.17% | 1,222 | $320K | Add +0.4% |
| TRNO Terreno Realty Corp. | 0.16% | 4,597 | $305K | Add +0.6% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.15% | 10,164 | $284K | Reduce -80.5% |
| CCI Crown Castle Inc. | 0.15% | 2,660 | $281K | Add +0.1% |
| AMT American Tower Corp. | 0.14% | 1,368 | $270K | Reduce -0.7% |
| REXR Rexford Industrial Realty Inc. | 0.14% | 5,352 | $269K | Add +0.8% |
| META Meta Platforms Inc. Class A | 0.14% | 533 | $259K | Reduce -20.0% |
| ISRG Intuitive Surgical Inc. | 0.14% | 647 | $258K | New |
| VWO Vanguard Ftse Emerging Marke | 0.13% | 5,979 | $250K | Reduce -22.1% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.13% | 2,399 | $243K | No change |
| GOOGL Alphabet Inc. Class A | 0.13% | 1,604 | $242K | Reduce -25.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.13% | 4,525 | $241K | Reduce -29.3% |
| TAP Molson Coors Beverage Co. Class B | 0.12% | 3,487 | $235K | New |
| SBAC SBA Communications Corp. | 0.12% | 1,044 | $226K | Add +3.7% |
| URI United Rentals Inc. | 0.12% | 307 | $221K | New |
| DFH Dream Finders Homes Inc. Class A | 0.12% | 5,000 | $219K | New |
| SMCI Super Micro Computer Inc. | 0.11% | 205 | $207K | New |
| OIA Invesco Municipal Income Opp | 0.11% | 30,944 | $202K | No change |
| LIT Global X Lithium & Battery T | 0.11% | 4,421 | $200K | Reduce -5.5% |
| MSFD Dirxn DLY MSFT Bear 1X E-Usi | 0.10% | 13,930 | $194K | New |
| NMT Nuveen Ma QLTY Muni Inc. | 0.06% | 10,000 | $109K | Reduce -55.6% |
Portfolio Sells Q4 2023 → Q1 2024
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −3.11 |
| V Visa Inc. Class A | Sold out | 0.00% | −3.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -65.1% | 0.94% | −1.84 |
| INTC Intel Corp. | Sold out | 0.00% | −1.72 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −1.71 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −1.67 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −1.59 |
| AMGN Amgen Inc. | Sold out | 0.00% | −1.52 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −1.51 |
| MET Metlife Inc. | Sold out | 0.00% | −1.47 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −1.47 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −1.44 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.41 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −1.41 |
| MCK McKesson Corp. | Sold out | 0.00% | −1.40 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.35 |
| ECOW Pacer Emerging Markets Cash | Sold out | 0.00% | −1.16 |
| ICOW Pacer Developed Markets Inte | Sold out | 0.00% | −1.14 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −1.11 |
| AOR iShares Core 60/40 Balanced | Reduce -81.8% | 0.23% | −1.03 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.97 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.80 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.68 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -80.5% | 0.15% | −0.67 |
| JEPQ JPM Nasdaq Equity Premium | Sold out | 0.00% | −0.67 |
| IVE iShares S&P 500 Value ETF | Reduce -60.2% | 0.47% | −0.66 |
| XLG Invesco S&P 500 Top 50 ETF | Sold out | 0.00% | −0.62 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.61 |
| EQWL Invesco S&P 100 Equal Weight | Sold out | 0.00% | −0.60 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Sold out | 0.00% | −0.58 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.55 |
| SYLD Cambria Shareholder Yield Et | Sold out | 0.00% | −0.53 |
| BUL Pacer US Cash Cows Growth | Sold out | 0.00% | −0.46 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.45 |
| COWG Pacer US LRG Cap Cows GR LD | Sold out | 0.00% | −0.44 |
| VT Vanguard Tot World STK ETF | Sold out | 0.00% | −0.42 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -63.9% | 0.21% | −0.38 |
| OMAB Grupo Aeroportuario Cen-ADR | Sold out | 0.00% | −0.31 |
| QQEW First TR Nasdaq-100 Sel Eq | Sold out | 0.00% | −0.30 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Sold out | 0.00% | −0.25 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −0.23 |
| VEU Vanguard Ftse All-World Ex-U | Sold out | 0.00% | −0.23 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.21 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.20 |
| AAPL Apple Inc. | Reduce -7.5% | 0.78% | −0.20 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.19 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.19 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.18 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -17.6% | 1.31% | −0.18 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.17 |
Portfolio Buys Q4 2023 → Q1 2024
| USFR Wisdomtree Floating Rate Tre | Add +123.8% | 29.34% | +15.84 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Add +149.3% | 25.01% | +14.70 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +110.1% | 21.11% | +10.80 |
| SPTS SS SPDR P St Term TSY ETF | New | 1.46% | +1.46 |
| VTWG Vanguard Russell 2000 Growth | New | 0.55% | +0.55 |
| SHV iShares 0-1 Year Treasury Bo | Add +120.0% | 0.80% | +0.43 |
| NVDA Nvidia Corp. | Add +10.3% | 0.70% | +0.34 |
| SPTI SS SPDR P Int Term TSY ETF | New | 0.29% | +0.29 |
| ANET Arista Networks Inc. | New | 0.29% | +0.29 |
| IBP Installed Building Products | New | 0.28% | +0.28 |
| AAPD Direxion Daily Aapl Bear 1X | New | 0.21% | +0.21 |
| DECK Deckers Outdoor Corp. | New | 0.20% | +0.20 |
| TIPX SS SPDR BB 1-10YR Tips ETF | New | 0.20% | +0.20 |
| SPIP SS SPDR P Tips ETF | New | 0.18% | +0.18 |
| ISRG Intuitive Surgical Inc. | New | 0.14% | +0.14 |
| TAP Molson Coors Beverage Co. Class B | New | 0.12% | +0.12 |
| URI United Rentals Inc. | New | 0.12% | +0.12 |
| DFH Dream Finders Homes Inc. Class A | New | 0.12% | +0.12 |
| SMCI Super Micro Computer Inc. | New | 0.11% | +0.11 |
| MSFD Dirxn DLY MSFT Bear 1X E-Usi | New | 0.10% | +0.10 |
| SMH Vaneck Semiconductor ETF | Add +2.8% | 0.43% | +0.09 |
| QTEC First Trust Nasdq 100 Tech I | Add +13.0% | 0.55% | +0.09 |
| MSFT Microsoft Corp. | Add +1.5% | 0.93% | +0.09 |
| HTGC Hercules Capital Inc. | Add +2.8% | 0.88% | +0.08 |
| CDNS Cadence Design SYS Inc. | Add +3.7% | 0.32% | +0.04 |
| TSCO Tractor Supply Company | Add +0.4% | 0.17% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +0.6% | 0.21% | +0.01 |
| TBIL F/M US Treasury 3 Month Bill | Add +7.1% | 0.26% | +0.01 |
| TRNO Terreno Realty Corp. | Add +0.6% | 0.16% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +1.0% | 0.18% | +0.00 |
| CCI Crown Castle Inc. | Add +0.1% | 0.15% | −0.02 |
| SBAC SBA Communications Corp. | Add +3.7% | 0.12% | −0.02 |
| REXR Rexford Industrial Realty Inc. | Add +0.8% | 0.14% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 148 | $213.4M | PWS, QQQM, BOXX, ADPV, HFEQ |
| Q2 2025 | 132 | $209.1M | BIL, USFR, BILS, CTA, BOXX |
| Q1 2025 | 159 | $177.7M | CTA, CSHI, BDGS, GSY, IAUM |
| Q4 2024 | 170 | $231.3M | CSHI, GSY, QQQM, AAPL, IVV |
| Q3 2024 | 156 | $211.3M | CSHI, BILS, AAPL, SPTS, META |
| Q2 2024 | 115 | $148.2M | USFR, BIL, BILS, SPTS, EYLD |
| Q1 2024 | 71 | $189.9M | USFR, BILS, BIL, QQQ, SPTS |