Obermeyer Wealth Partners
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Obermeyer Wealth Partners reported 292 stock positions worth $2.1 billion. Its top holding was Microsoft (MSFT) at 5.1% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 5.0%) and Alphabet Class C (GOOG, 4.6%). Compared with Q2 2025, it opened 24 new positions, sold out of 8, added to 99 and reduced 95. The biggest buy was Nvidia (NVDA, shares +24%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- ASPEN, CO
- CIK
- 0001349654
- Portfolio Value
- $2.1B (Q3 2025)
- SEC Filing
- 0001349654-25-000008 ↗ filed Oct 27, 2025
Holdings Value
Holdings 292 stocks · $2.1B
| MSFT Microsoft Corp. | 5.10% | 209,955 | $108.7M | Reduce -1.3% |
| QUAL iShares MSCI USA Quality Fac | 5.05% | 554,127 | $107.8M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 4.59% | 402,434 | $98.0M | Add +0.9% |
| VOO Vanguard S&P 500 ETF | 4.34% | 151,418 | $92.7M | Reduce -0.7% |
| AAPL Apple Inc. | 4.05% | 339,634 | $86.5M | Reduce -0.2% |
| NVDA Nvidia Corp. | 3.94% | 450,584 | $84.1M | Add +24.1% |
| TSM Taiwan Semiconductor-SP ADR | 3.51% | 268,011 | $74.9M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 3.29% | 320,130 | $70.3M | Reduce -0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.24% | 137,759 | $69.3M | Reduce -32.3% |
| MA Mastercard Inc. Class A | 3.23% | 121,287 | $69.0M | Reduce -1.3% |
| JAAA Janus Henderson Aaa Clo ETF | 3.18% | 1,337,136 | $67.9M | Add +7.3% |
| AVGO Broadcom Inc. | 3.12% | 201,533 | $66.5M | Reduce -0.8% |
| URTH iShares MSCI World ETF | 2.99% | 351,532 | $63.8M | Add +2.9% |
| META Meta Platforms Inc. Class A | 2.73% | 79,298 | $58.2M | Add +0.9% |
| TBIL F/M US Treasury 3 Month Bill | 2.68% | 1,142,072 | $57.1M | Add +17.9% |
| RTX RTX Corp. | 2.14% | 272,983 | $45.7M | Reduce -0.5% |
| ASML ASML Holding NV-NY Reg SHS | 2.01% | 44,370 | $43.0M | Add +0.1% |
| UNH Unitedhealth Group Inc. | 1.85% | 114,211 | $39.4M | Add +0.8% |
| WMT Walmart Inc. | 1.73% | 358,646 | $37.0M | Reduce -1.2% |
| HD Home Depot Inc. | 1.69% | 88,977 | $36.1M | Reduce -0.1% |
| AON Aon PLC Class A | 1.69% | 101,073 | $36.0M | Reduce -1.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.65% | 107,059 | $35.1M | Add +2.9% |
| NVR NVR Inc. | 1.55% | 4,110 | $33.0M | Add +0.7% |
| CME Cme Group Inc. | 1.40% | 110,358 | $29.8M | Reduce -0.3% |
| BN Brookfield Corp. | 1.39% | 433,161 | $29.7M | Add +1.2% |
| SAP Sap SE-Sponsored ADR | 1.35% | 107,455 | $28.7M | Reduce -0.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.30% | 46,187 | $27.7M | Add +18.5% |
| SHW The Sherwin-Williams Co. | 1.18% | 72,567 | $25.1M | Reduce -1.8% |
| DE Deere & Co. | 1.15% | 53,720 | $24.6M | Reduce -1.1% |
| CB Chubb Ltd. | 1.09% | 82,443 | $23.3M | Reduce -1.3% |
| NEE Nextera Energy Inc. | 1.04% | 295,463 | $22.3M | Reduce -0.3% |
| TXN Texas Instruments Inc. | 1.04% | 120,845 | $22.2M | Reduce -0.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.02% | 393,320 | $21.8M | Reduce 0.0% |
| XOM Exxon Mobil Corp. | 0.91% | 171,551 | $19.3M | Reduce -0.7% |
| ZTS Zoetis Inc. | 0.86% | 125,463 | $18.4M | Reduce -2.8% |
| MOAT Vaneck Morningstar Wide Moat | 0.75% | 161,743 | $16.0M | Reduce -39.2% |
| LMBS First Trust Low Duration Opp | 0.71% | 306,094 | $15.2M | Add +2.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.61% | 19,654 | $13.1M | Add +0.7% |
| UPS United Parcel Service Class B | 0.61% | 155,408 | $13.0M | New |
| VGLT Vanguard Long-Term Treasury | 0.59% | 220,872 | $12.6M | New |
| CMCSA Comcast Corp. Class A | 0.58% | 393,817 | $12.4M | Reduce -17.4% |
| LLY Eli Lilly & Co. | 0.55% | 15,399 | $11.7M | Reduce -5.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.53% | 15 | $11.3M | No change |
| VEA Vanguard Ftse Developed ETF | 0.51% | 181,395 | $10.9M | Add +6.0% |
| JPM JPMorgan Chase & Co. | 0.49% | 33,427 | $10.5M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 0.42% | 37,293 | $9.1M | Add +3.8% |
| V Visa Inc. Class A | 0.39% | 24,477 | $8.4M | Add +2.0% |
| ARCC Ares Capital Corp. | 0.35% | 370,159 | $7.6M | Add +117.9% |
| USB US Bancorp | 0.27% | 117,762 | $5.7M | Reduce -2.8% |
| LOW Lowe's Cos Inc. | 0.26% | 22,017 | $5.5M | Add +18.4% |
| MSI Motorola Solutions Inc. | 0.21% | 9,677 | $4.4M | Add +19.9% |
| GLD SPDR Gold Shares | 0.20% | 12,073 | $4.3M | Reduce -8.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.20% | 90,765 | $4.2M | Reduce -12.9% |
| ETN Eaton Corp. PLC | 0.17% | 9,971 | $3.7M | Add +4.8% |
| IEV iShares Europe ETF | 0.15% | 50,263 | $3.3M | Add +0.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 10,489 | $3.2M | No change |
| WM Waste Management Inc. | 0.14% | 13,654 | $3.0M | Add +5.8% |
| ATO Atmos Energy Corp. | 0.14% | 17,649 | $3.0M | Add +6.6% |
| COST Costco Wholesale Corp. | 0.14% | 3,225 | $3.0M | Reduce -1.2% |
| ORCL Oracle Corp. | 0.13% | 10,164 | $2.9M | Reduce -4.6% |
| IWF iShares Russell 1000 Growth | 0.13% | 5,793 | $2.7M | Add +4.0% |
| VYM Vanguard High DVD Yield ETF | 0.12% | 18,561 | $2.6M | No change |
| IVV iShares Core S&P 500 ETF | 0.12% | 3,880 | $2.6M | Reduce -10.7% |
| SHEL Shell PLC-ADR | 0.12% | 34,705 | $2.5M | Add +0.6% |
| ABBV Abbvie Inc. | 0.11% | 10,502 | $2.4M | Reduce -11.0% |
| ADI Analog Devices Inc. | 0.11% | 9,865 | $2.4M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.11% | 12,847 | $2.4M | Reduce -18.7% |
| CNQ Canadian Natural Resources | 0.11% | 74,203 | $2.4M | Add +3.8% |
| CTVA Corteva Inc. | 0.11% | 34,002 | $2.3M | No change |
| WSO Watsco Inc. | 0.11% | 5,671 | $2.3M | Add +3.4% |
| OBDC Blue Owl Capital Corp. | 0.10% | 174,475 | $2.2M | Add +6.2% |
| UNP Union Pacific Corp. | 0.10% | 9,142 | $2.2M | Reduce -4.4% |
| IJR iShares Core S&P Small-Cap E | 0.10% | 17,999 | $2.1M | Add +0.5% |
| AXP American Express Co. | 0.10% | 6,194 | $2.1M | Add +0.1% |
| BTI British American Tob-SP ADR | 0.09% | 37,688 | $2.0M | Add +0.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.09% | 60,612 | $2.0M | Add +1.1% |
| KO The Coca-Cola Co. | 0.09% | 29,744 | $2.0M | Add +0.1% |
| DD Dupont DE Nemours Inc. | 0.09% | 25,195 | $2.0M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.09% | 12,712 | $2.0M | Reduce -90.3% |
| OWL Blue Owl Capital Inc. | 0.09% | 115,326 | $2.0M | Add +6.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 3,832 | $1.8M | Add +64.2% |
| ABT Abbott Laboratories | 0.08% | 13,204 | $1.8M | Reduce -6.0% |
| MDY State Street SPDR S&P Midcap | 0.08% | 2,843 | $1.7M | Add +44.4% |
| MPLX MPLX LP | 0.08% | 33,763 | $1.7M | Reduce -1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 11,551 | $1.7M | Reduce -0.2% |
| MCD McDonald's Corp. | 0.07% | 5,245 | $1.6M | Reduce -28.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.07% | 13,161 | $1.5M | Reduce -8.5% |
| EEM iShares MSCI Emerging Market | 0.07% | 27,891 | $1.5M | Add +1.2% |
| IDXX Idexx Laboratories Inc. | 0.07% | 2,255 | $1.4M | Reduce -1.0% |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.07% | 118,050 | $1.4M | Add +6.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.06% | 7,291 | $1.4M | Add +19.0% |
| DHI D.R. Horton Inc. | 0.06% | 8,022 | $1.4M | No change |
| EPD Enterprise Products Partners | 0.06% | 42,772 | $1.3M | No change |
| AMAT Applied Materials Inc. | 0.06% | 6,217 | $1.3M | Reduce -0.1% |
| AMGN Amgen Inc. | 0.06% | 4,401 | $1.2M | Reduce -5.4% |
| AER Aercap Holdings NV | 0.06% | 10,052 | $1.2M | Add +0.5% |
| IWM iShares Russell 2000 ETF | 0.06% | 4,991 | $1.2M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 0.05% | 6,143 | $1.2M | Add +0.4% |
| ETV Eaton Vance T/M Buy-Writ Opp | 0.05% | 80,055 | $1.1M | Reduce -0.3% |
| RY Royal Bank of Canada | 0.05% | 7,611 | $1.1M | No change |
Options reported separately and not counted above: NN calls ($90K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $424K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 172 | $220K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 165 | $204K | New |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q2 2025 → Q3 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -32.3% | 3.24% | −1.67 |
| PG The Procter & Gamble Co. | Reduce -90.3% | 0.09% | −0.94 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -39.2% | 0.75% | −0.49 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -90.8% | 0.04% | −0.47 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce 0.0% | 1.02% | −0.33 |
| SAP Sap SE-Sponsored ADR | Reduce -0.8% | 1.35% | −0.29 |
| CMCSA Comcast Corp. Class A | Reduce -17.4% | 0.58% | −0.27 |
| DE Deere & Co. | Reduce -1.1% | 1.15% | −0.22 |
| TXN Texas Instruments Inc. | Reduce -0.6% | 1.04% | −0.22 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 3.23% | −0.21 |
| AMZN Amazon.com Inc. | Reduce -0.0% | 3.29% | −0.20 |
| MSFT Microsoft Corp. | Reduce -1.3% | 5.10% | −0.17 |
| ZTS Zoetis Inc. | Reduce -2.8% | 0.86% | −0.14 |
| AON Aon PLC Class A | Reduce -1.4% | 1.69% | −0.13 |
| ACN Accenture PLC Class A | Reduce -72.5% | 0.04% | −0.13 |
| CME Cme Group Inc. | Reduce -0.3% | 1.40% | −0.12 |
| CB Chubb Ltd. | Reduce -1.3% | 1.09% | −0.12 |
| SHW The Sherwin-Williams Co. | Reduce -1.8% | 1.18% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -5.5% | 0.55% | −0.08 |
| SPGI S&P Global Inc. | Reduce -60.1% | 0.03% | −0.06 |
| WMT Walmart Inc. | Reduce -1.2% | 1.73% | −0.03 |
| MCD McDonald's Corp. | Reduce -28.2% | 0.07% | −0.03 |
| ADP Automatic Data Processing | Reduce -55.7% | 0.02% | −0.03 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -12.9% | 0.20% | −0.02 |
| CRM Salesforce Inc. | Reduce -18.4% | 0.05% | −0.02 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -0.7% | 0.91% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -1.2% | 0.14% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.02 |
| DIS The Walt Disney Co. | Reduce -8.5% | 0.07% | −0.02 |
| XLG Invesco S&P 500 Top 50 ETF | Sold out | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -10.7% | 0.12% | −0.01 |
| ABT Abbott Laboratories | Reduce -6.0% | 0.08% | −0.01 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.01 |
| EMR Emerson Electric Co. | Reduce -11.9% | 0.05% | −0.01 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −0.01 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.01 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.01 |
| ALL Allstate Corp. | Reduce -30.8% | 0.02% | −0.01 |
| MPLX MPLX LP | Reduce -1.3% | 0.08% | −0.01 |
| JNJ Johnson & Johnson | Reduce -18.7% | 0.11% | −0.01 |
| UNP Union Pacific Corp. | Reduce -4.4% | 0.10% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -16.8% | 0.03% | −0.01 |
| ET Energy Transfer LP | Reduce -3.3% | 0.05% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -19.5% | 0.02% | −0.01 |
| GE General Electric | Reduce -28.1% | 0.03% | −0.01 |
| AMGN Amgen Inc. | Reduce -5.4% | 0.06% | −0.01 |
| USB US Bancorp | Reduce -2.8% | 0.27% | −0.01 |
| ADBE Adobe Inc. | Reduce -10.2% | 0.02% | −0.01 |
| SYY Sysco Corp. | Reduce -30.4% | 0.01% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +24.1% | 3.94% | +1.08 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 4.59% | +1.07 |
| UPS United Parcel Service Class B | New | 0.61% | +0.61 |
| VGLT Vanguard Long-Term Treasury | New | 0.59% | +0.59 |
| TBIL F/M US Treasury 3 Month Bill | Add +17.9% | 2.68% | +0.26 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.1% | 2.01% | +0.24 |
| QQQ Invesco QQQ Trust Series 1 | Add +18.5% | 1.30% | +0.23 |
| ARCC Ares Capital Corp. | Add +117.9% | 0.35% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +3.8% | 0.42% | +0.11 |
| URTH iShares MSCI World ETF | Add +2.9% | 2.99% | +0.11 |
| UNH Unitedhealth Group Inc. | Add +0.8% | 1.85% | +0.09 |
| BN Brookfield Corp. | Add +1.2% | 1.39% | +0.07 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.9% | 1.65% | +0.07 |
| LOW Lowe's Cos Inc. | Add +18.4% | 0.26% | +0.05 |
| NVR NVR Inc. | Add +0.7% | 1.55% | +0.05 |
| MSI Motorola Solutions Inc. | Add +19.9% | 0.21% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +64.2% | 0.09% | +0.04 |
| QUAL iShares MSCI USA Quality Fac | Add +0.5% | 5.05% | +0.03 |
| JAAA Janus Henderson Aaa Clo ETF | Add +7.3% | 3.18% | +0.03 |
| IAU iShares Gold Trust | Add +113.1% | 0.05% | +0.03 |
| MDY State Street SPDR S&P Midcap | Add +44.4% | 0.08% | +0.02 |
| EVLN Eaton Vance Floating-Rate | New | 0.02% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +6.0% | 0.51% | +0.02 |
| GSBD Goldman Sachs BDC Inc. | New | 0.02% | +0.02 |
| MSDL Morgan Stanley Direct Lendin | New | 0.02% | +0.02 |
| NCDL Nuveen Churchill Direct Lend | New | 0.02% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +105.0% | 0.04% | +0.02 |
| TSLA Tesla Inc. | Add +23.0% | 0.05% | +0.02 |
| BND Vanguard Total Bond Market | New | 0.02% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +66.8% | 0.04% | +0.01 |
| ATO Atmos Energy Corp. | Add +6.6% | 0.14% | +0.01 |
| AGG iShares Core U.S. Aggregate | New | 0.01% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.7% | 0.61% | +0.01 |
| MTH Meritage Homes Corp. | New | 0.01% | +0.01 |
| C Citigroup Inc. | New | 0.01% | +0.01 |
| MBB iShares MBS ETF | New | 0.01% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | New | 0.01% | +0.01 |
| VXF Vanguard Extended Market ETF | New | 0.01% | +0.01 |
| IEF iShares 7-10 Year Treasury B | Add +54.6% | 0.04% | +0.01 |
| DGRO iShares Core Dividend Growth | New | 0.01% | +0.01 |
| VLO Valero Energy Corp. | New | 0.01% | +0.01 |
| BLDR Builders Firstsource Inc. | Add +99.7% | 0.02% | +0.01 |
| FNV Franco-Nevada Corp. | New | 0.01% | +0.01 |
| ADM Archer-Daniels-Midland Co. | New | 0.01% | +0.01 |
| GM General Motors Co. | New | 0.01% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +19.0% | 0.06% | +0.01 |
| JPST JPMorgan Ultra-Short Income | New | 0.01% | +0.01 |
| VGT Vanguard Info Tech ETF | New | 0.01% | +0.01 |
| VRT Vertiv Holdings Co. Class A | New | 0.01% | +0.01 |
| IWO iShares Russell 2000 Growth | New | 0.01% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 3,500 | $10Kbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 2,500 | $9Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 165 | $204K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 299 | $2.4B | VTI, GOOG, TSM, VOO, VXUS |
| Q1 2026 | 297 | $2.2B | VTI, GOOG, VOO, QUAL, TSM |
| Q4 2025 | 287 | $2.2B | GOOG, QUAL, MSFT, VOO, AAPL |
| Q3 2025 | 292 | $2.1B | MSFT, QUAL, GOOG, VOO, AAPL |
| Q2 2025 | 276 | $2.0B | MSFT, QUAL, BRK.B, VOO, GOOG |
| Q1 2025 | 260 | $1.9B | BRK.B, QUAL, MSFT, AAPL, MOAT |
| Q4 2024 | 256 | $1.9B | BRK.B, QUAL, AAPL, MSFT, MOAT |
| Q3 2024 | 257 | $1.9B | BRK.B, QUAL, MSFT, AAPL, MOAT |
| Q2 2024 | 244 | $1.7B | QUAL, BRK.B, MSFT, AAPL, GOOG |
| Q1 2024 | 249 | $1.7B | BRK.B, QUAL, MSFT, GOOG, MOAT |