North Forty Two & Co.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), North Forty Two & Co. reported 97 stock positions worth $106.0 million. Its top holding was JPMorgan Ultra-Short Income (JPST) at 4.8% of the portfolio, followed by Bondbloxx BBG 6 MTH US Treas (XHLF, 4.1%) and Vanguard Financials ETF (VFH, 4.1%). Compared with Q3 2025, it opened 2 new positions, sold out of 6, added to 21 and reduced 36. The biggest buy was Bondbloxx BBG 6 MTH US Treas (XHLF, shares +66%) and the biggest sale an exit from McDonald's (MCD).

Most Recent 13F
Q2 2026
Location
LAKE OSWEGO, OR
CIK
0002055134
Portfolio Value
$106.0M (Q4 2025)
SEC Filing
0002055134-26-000001 ↗ filed Feb 9, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q4 2024: $86.6M Q4 2024 Q1 2025: $90.3M Q1 2025 Q2 2025: $94.1M Q2 2025 Q3 2025: $102.4M Q3 2025 Q4 2025: $106.0M $106.0M Q4 2025 Q1 2026: $108.2M Q1 2026 Q2 2026: $117.8M Q2 2026

Holdings 97 stocks · $106.0M
JPST JPMorgan Ultra-Short Income 4.79% 100,374 $5.1M Reduce -3.2%
XHLF Bondbloxx BBG 6 MTH US Treas 4.14% 87,395 $4.4M Add +66.1%
VFH Vanguard Financials ETF 4.13% 32,797 $4.4M Reduce -0.1%
SCHR Schwab Intermediate-Term US 4.00% 169,122 $4.2M Reduce -5.8%
XONE Bondbloxx BBG 1 Dur US Treas 3.83% 81,955 $4.1M Add +67.1%
SCHF Schwab Intl Equity ETF 3.35% 147,564 $3.5M Add +3.3%
SCHD Schwab US DVD Equity ETF 3.03% 117,188 $3.2M Add +34.6%
GBIL Goldman Sachs Access Treasur 2.99% 31,710 $3.2M Add +0.8%
SCHZ Schwab US Aggregate Bond ETF 2.87% 130,294 $3.0M Reduce -5.1%
SCHE Schwab Emrg Mrkts Eqty ETF 2.74% 88,610 $2.9M Add +8.0%
AAPL Apple Inc. 2.73% 10,633 $2.9M Reduce -1.7%
SCHO Schwab Short-Term US Treas 2.66% 115,511 $2.8M Reduce -2.4%
VCSH Vanguard S/T Corp. Bond ETF 2.40% 31,859 $2.5M Add +9.6%
VDE Vanguard Energy ETF 2.37% 19,967 $2.5M Add +2.0%
VHT Vanguard Health Care ETF 2.36% 8,674 $2.5M Add +41.3%
NEU Newmarket Corp. 2.12% 3,266 $2.2M No change
MSFT Microsoft Corp. 2.03% 4,449 $2.2M Reduce -1.2%
VCIT Vanguard Int-Term Corporate 1.89% 23,967 $2.0M Reduce -0.9%
SCHB Schwab US Broad Market ETF 1.71% 68,992 $1.8M Add +0.5%
SRLN SS Blackstone Sr Loan ETF 1.48% 37,981 $1.6M Reduce -5.4%
SCHA Schwab US Small-Cap ETF 1.47% 54,705 $1.6M Add +7.3%
SCHM Schwab US Mid Cap ETF 1.31% 46,051 $1.4M Add +9.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.28% 24,701 $1.4M Reduce -3.1%
VTI VG Morningstar TS MKT ETF-US 1.23% 3,872 $1.3M Reduce -3.0%
EMB iShares JP Morgan Usd Emergi 1.19% 13,138 $1.3M Add +7.6%
MUB iShares National Muni Bond E 1.14% 11,281 $1.2M Add +4.6%
USFR Wisdomtree Floating Rate Tre 1.12% 23,540 $1.2M No change
VPU Vanguard Utilities ETF 1.05% 6,000 $1.1M Reduce -4.4%
VGT Vanguard Info Tech ETF 1.04% 1,466 $1.1M No change
JUST Goldman Sachs Just US LRG 1.03% 11,325 $1.1M No change
PFF iShares Preferred & Income S 1.01% 34,626 $1.1M Reduce -6.0%
MBB iShares MBS ETF 0.98% 10,903 $1.0M Add +29.3%
SCHH Schwab US REIT ETF 0.86% 43,824 $915K Reduce -1.4%
IAU iShares Gold Trust 0.84% 11,004 $893K Add +2.6%
WFC Wells Fargo & Co. 0.82% 9,308 $868K Reduce -1.1%
QCOM Qualcomm Inc. 0.75% 4,636 $793K No change
GOOGL Alphabet Inc. Class A 0.71% 2,403 $752K Reduce -2.8%
JNJ Johnson & Johnson 0.68% 3,490 $722K Reduce -2.0%
BRK.B Berkshire Hathaway Inc. Class B 0.66% 1,400 $704K No change
CVX Chevron Corp. 0.66% 4,605 $702K Reduce -7.3%
UNP Union Pacific Corp. 0.66% 3,026 $700K Reduce -15.7%
DVY iShares Select Dividend ETF 0.65% 4,902 $692K No change
LLY Eli Lilly & Co. 0.65% 639 $687K No change
AMGN Amgen Inc. 0.63% 2,039 $667K No change
GILD Gilead Sciences Inc. 0.63% 5,405 $663K No change
XOM Exxon Mobil Corp. 0.61% 5,330 $641K Reduce -23.1%
JPM JPMorgan Chase & Co. 0.57% 1,869 $602K Reduce -44.9%
CEF Sprott Physical Gold and Sil 0.57% 13,100 $600K Add +4.8%
ABBV Abbvie Inc. 0.55% 2,564 $586K No change
SCHX Schwab US Large-Cap ETF 0.53% 20,906 $563K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.52% 1,128 $550K No change
CSCO Cisco Systems Inc. 0.52% 7,138 $550K Reduce -5.7%
VLO Valero Energy Corp. 0.52% 3,375 $549K No change
ABT Abbott Laboratories 0.52% 4,358 $546K Reduce -21.2%
TLT iShares 20+ Year Treasury BD 0.50% 6,067 $529K Reduce -0.4%
CMI Cummins Inc. 0.50% 1,033 $527K Reduce -2.4%
CVS CVS Health Corp. 0.50% 6,618 $525K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.49% 762 $519K No change
RTX RTX Corp. 0.49% 2,819 $517K Reduce -23.1%
SLV iShares Silver Trust 0.48% 7,872 $507K No change
TXN Texas Instruments Inc. 0.47% 2,893 $502K Reduce -16.2%
VAW Vanguard Materials ETF 0.47% 2,400 $498K Reduce -5.9%
CSX CSX Corp. 0.46% 13,520 $490K No change
INTC Intel Corp. 0.45% 12,985 $479K Reduce -7.2%
GDX Vaneck Gold Miners ETF 0.44% 5,400 $463K Add +5.9%
GOOG Alphabet Inc. Class C 0.43% 1,440 $452K No change
KO The Coca-Cola Co. 0.42% 6,322 $442K No change
PG The Procter & Gamble Co. 0.39% 2,887 $414K Reduce -18.5%
HD Home Depot Inc. 0.38% 1,159 $399K No change
FICO Fair Isaac Corp. 0.37% 235 $397K No change
ORCL Oracle Corp. 0.37% 2,022 $394K No change
SYK Stryker Corp. 0.36% 1,092 $384K No change
SCHP Schwab U.S. Tips ETF 0.35% 14,132 $374K Add +28.7%
COP Conocophillips 0.34% 3,877 $363K Reduce -6.5%
VOX Vanguard Communication Servi 0.34% 1,859 $360K Reduce -1.3%
UNH Unitedhealth Group Inc. 0.34% 1,081 $357K No change
WY Weyerhaeuser Co. 0.32% 14,211 $337K Reduce -6.4%
CAT Caterpillar Inc. 0.30% 550 $315K No change
MINT PIMCO Enhanced Short Maturit 0.28% 2,996 $301K No change
SIVR Abrdn Physical Silver Shares 0.28% 4,400 $298K New
GLD SPDR Gold Shares 0.28% 741 $294K No change
FLRT Pacer Aristotle Pacific Floa 0.25% 5,600 $264K New
PDBC Invesco Optimum Yield Divers 0.25% 19,625 $260K Add +14.6%
VZ Verizon Communications Inc. 0.25% 6,378 $260K No change
HUBB Hubbell Inc. 0.24% 582 $258K No change
ADP Automatic Data Processing 0.24% 987 $254K No change
EWJ iShares MSCI Japan ETF 0.24% 3,125 $252K No change
MRK Merck & Co. Inc. 0.23% 2,362 $249K Reduce -9.2%
GSST Goldman Sachs Ultra Short Bo 0.23% 4,851 $245K Reduce -12.6%
F Ford Motor Co. filed as FORD MTR CO 0.23% 18,556 $243K Reduce -2.1%
IVW iShares S&P 500 Growth ETF 0.23% 1,972 $243K No change
QQQ Invesco QQQ Trust Series 1 0.22% 377 $232K No change
SCHC Schwab Intl Small-Cap Equity 0.22% 5,067 $231K Add +1.0%
TIP iShares Tips Bond ETF 0.21% 2,048 $225K No change
MMM 3M Co. 0.20% 1,310 $210K No change
VYM Vanguard High DVD Yield ETF 0.19% 1,436 $206K No change
XLE SS Energy Select Sector 0.19% 4,576 $205K No change

Portfolio Sells Q3 2025 → Q4 2025
MCD McDonald's Corp. Sold out 0.00% −0.66
JPM JPMorgan Chase & Co. Reduce -44.9% 0.57% −0.48
SCHR Schwab Intermediate-Term US Reduce -5.8% 4.00% −0.40
JPST JPMorgan Ultra-Short Income Reduce -3.2% 4.79% −0.34
GE General Electric Sold out 0.00% −0.31
SCHZ Schwab US Aggregate Bond ETF Reduce -5.1% 2.87% −0.27
AMD Advanced Micro Devices Sold out 0.00% −0.26
WMT Walmart Inc. Sold out 0.00% −0.26
MSFT Microsoft Corp. Reduce -1.2% 2.03% −0.25
LOW Lowe's Cos Inc. Sold out 0.00% −0.22
ABT Abbott Laboratories Reduce -21.2% 0.52% −0.21
INTU Intuit Inc. Sold out 0.00% −0.20
UNP Union Pacific Corp. Reduce -15.7% 0.66% −0.17
SCHO Schwab Short-Term US Treas Reduce -2.4% 2.66% −0.16
XOM Exxon Mobil Corp. Reduce -23.1% 0.61% −0.16
SRLN SS Blackstone Sr Loan ETF Reduce -5.4% 1.48% −0.15
TXN Texas Instruments Inc. Reduce -16.2% 0.47% −0.15
PG The Procter & Gamble Co. Reduce -18.5% 0.39% −0.14
PFF iShares Preferred & Income S Reduce -6.0% 1.01% −0.13
VPU Vanguard Utilities ETF Reduce -4.4% 1.05% −0.11
RTX RTX Corp. Reduce -23.1% 0.49% −0.11
VCIT Vanguard Int-Term Corporate Reduce -0.9% 1.89% −0.09
CVX Chevron Corp. Reduce -7.3% 0.66% −0.09
VFH Vanguard Financials ETF Reduce -0.1% 4.13% −0.08
SCHH Schwab US REIT ETF Reduce -1.4% 0.86% −0.07
VTI VG Morningstar TS MKT ETF-US Reduce -3.0% 1.23% −0.06
WY Weyerhaeuser Co. Reduce -6.4% 0.32% −0.05
GSST Goldman Sachs Ultra Short Bo Reduce -12.6% 0.23% −0.04
COP Conocophillips Reduce -6.5% 0.34% −0.04
VAW Vanguard Materials ETF Reduce -5.9% 0.47% −0.04
TLT iShares 20+ Year Treasury BD Reduce -0.4% 0.50% −0.03
INTC Intel Corp. Reduce -7.2% 0.45% −0.01
VOX Vanguard Communication Servi Reduce -1.3% 0.34% −0.01
BAC Bank of America Corp. Reduce -3.1% 1.28% −0.00
F Ford Motor Co. Reduce -2.1% 0.23% +0.01
CSCO Cisco Systems Inc. Reduce -5.7% 0.52% +0.01
MRK Merck & Co. Inc. Reduce -9.2% 0.23% +0.02
JNJ Johnson & Johnson Reduce -2.0% 0.68% +0.04
AAPL Apple Inc. Reduce -1.7% 2.73% +0.04
WFC Wells Fargo & Co. Reduce -1.1% 0.82% +0.05
CMI Cummins Inc. Reduce -2.4% 0.50% +0.06
GOOGL Alphabet Inc. Class A Reduce -2.8% 0.71% +0.12

Portfolio Buys Q3 2025 → Q4 2025
XHLF Bondbloxx BBG 6 MTH US Treas Add +66.1% 4.14% +1.55
XONE Bondbloxx BBG 1 Dur US Treas Add +67.1% 3.83% +1.45
VHT Vanguard Health Care ETF Add +41.3% 2.36% +0.80
SCHD Schwab US DVD Equity ETF Add +34.6% 3.03% +0.71
SIVR Abrdn Physical Silver Shares New 0.28% +0.28
FLRT Pacer Aristotle Pacific Floa New 0.25% +0.25
MBB iShares MBS ETF Add +29.3% 0.98% +0.20
VCSH Vanguard S/T Corp. Bond ETF Add +9.6% 2.40% +0.13
CEF Sprott Physical Gold and Sil Add +4.8% 0.57% +0.12
SCHF Schwab Intl Equity ETF Add +3.3% 3.35% +0.10
SCHM Schwab US Mid Cap ETF Add +9.1% 1.31% +0.08
SCHA Schwab US Small-Cap ETF Add +7.3% 1.47% +0.08
IAU iShares Gold Trust Add +2.6% 0.84% +0.08
SCHE Schwab Emrg Mrkts Eqty ETF Add +8.0% 2.74% +0.06
SCHP Schwab U.S. Tips ETF Add +28.7% 0.35% +0.06
EMB iShares JP Morgan Usd Emergi Add +7.6% 1.19% +0.06
GDX Vaneck Gold Miners ETF Add +5.9% 0.44% +0.06
PDBC Invesco Optimum Yield Divers Add +14.6% 0.25% +0.02
MUB iShares National Muni Bond E Add +4.6% 1.14% +0.02
SCHC Schwab Intl Small-Cap Equity Add +1.0% 0.22% −0.01
SCHB Schwab US Broad Market ETF Add +0.5% 1.71% −0.02
VDE Vanguard Energy ETF Add +2.0% 2.37% −0.03
GBIL Goldman Sachs Access Treasur Add +0.8% 2.99% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 104$117.8MXHLF, XONE, JPST, SCHF, SCHD
Q1 2026 97$108.2MXHLF, JPST, XONE, SCHR, SCHD
Q4 2025 97$106.0MJPST, XHLF, VFH, SCHR, XONE
Q3 2025 101$102.4MJPST, SCHR, VFH, SCHF, SCHZ
Q2 2025 98$94.1MJPST, SCHR, VFH, SCHZ, GBIL
Q1 2025 94$90.3MJPST, SCHR, VFH, SCHZ, GBIL
Q4 2024 91$86.6MJPST, SCHR, VFH, AAPL, SCHZ