Obermeyer Wealth Partners
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Obermeyer Wealth Partners reported 287 stock positions worth $2.2 billion. Its top holding was Alphabet Class C (GOOG) at 5.5% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 5.0%) and Microsoft (MSFT, 4.5%). Compared with Q3 2025, it opened 17 new positions, sold out of 23, added to 87 and reduced 126. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +80%) and the biggest sale Novo-Nordisk A/S-Spons ADR (NVO, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- ASPEN, CO
- CIK
- 0001349654
- Portfolio Value
- $2.2B (Q4 2025)
- SEC Filing
- 0001349654-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 287 stocks · $2.2B
| GOOG Alphabet Inc. Class C | 5.52% | 384,817 | $120.8M | Reduce -4.4% |
| QUAL iShares MSCI USA Quality Fac | 4.98% | 548,575 | $109.0M | Reduce -1.0% |
| MSFT Microsoft Corp. | 4.48% | 202,616 | $98.0M | Reduce -3.5% |
| VOO Vanguard S&P 500 ETF | 4.46% | 155,497 | $97.5M | Add +2.7% |
| AAPL Apple Inc. | 4.07% | 327,428 | $89.0M | Reduce -3.6% |
| NVDA Nvidia Corp. | 3.71% | 435,459 | $81.2M | Reduce -3.4% |
| TSM Taiwan Semiconductor-SP ADR | 3.56% | 256,576 | $78.0M | Reduce -4.3% |
| JAAA Janus Henderson Aaa Clo ETF | 3.49% | 1,508,798 | $76.3M | Add +12.8% |
| AMZN Amazon.com Inc. | 3.38% | 320,638 | $74.0M | Add +0.2% |
| MA Mastercard Inc. Class A | 3.10% | 118,657 | $67.7M | Reduce -2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.08% | 133,977 | $67.3M | Reduce -2.8% |
| AVGO Broadcom Inc. | 3.05% | 192,618 | $66.7M | Reduce -4.4% |
| TBIL F/M US Treasury 3 Month Bill | 3.03% | 1,328,849 | $66.3M | Add +16.4% |
| URTH iShares MSCI World ETF | 3.00% | 353,023 | $65.6M | Add +0.4% |
| VTI VG Morningstar TS MKT ETF-US | 2.95% | 192,403 | $64.5M | Add +79.7% |
| META Meta Platforms Inc. Class A | 2.37% | 78,425 | $51.8M | Reduce -1.1% |
| RTX RTX Corp. | 2.21% | 263,214 | $48.3M | Reduce -3.6% |
| ASML ASML Holding NV-NY Reg SHS | 2.11% | 43,202 | $46.2M | Reduce -2.6% |
| WMT Walmart Inc. | 1.79% | 352,481 | $39.3M | Reduce -1.7% |
| UNH Unitedhealth Group Inc. | 1.68% | 111,147 | $36.7M | Reduce -2.7% |
| AON Aon PLC Class A | 1.59% | 98,342 | $34.7M | Reduce -2.7% |
| HD Home Depot Inc. | 1.38% | 87,931 | $30.3M | Reduce -1.2% |
| CME Cme Group Inc. | 1.37% | 109,457 | $29.9M | Reduce -0.8% |
| BN Brookfield Corp. | 1.36% | 646,169 | $29.7M | Reduce -0.6% |
| NVR NVR Inc. | 1.34% | 4,013 | $29.3M | Reduce -2.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.29% | 45,798 | $28.1M | Reduce -0.8% |
| SAP Sap SE-Sponsored ADR | 1.18% | 106,333 | $25.8M | Reduce -1.0% |
| DE Deere & Co. | 1.12% | 52,560 | $24.5M | Reduce -2.2% |
| CB Chubb Ltd. | 1.08% | 75,494 | $23.6M | Reduce -8.4% |
| NEE Nextera Energy Inc. | 1.07% | 292,859 | $23.5M | Reduce -0.9% |
| XOM Exxon Mobil Corp. | 0.92% | 167,872 | $20.2M | Reduce -2.1% |
| SHW The Sherwin-Williams Co. | 0.89% | 60,267 | $19.5M | Reduce -16.9% |
| MSI Motorola Solutions Inc. | 0.86% | 49,290 | $18.9M | Add +409.4% |
| TXN Texas Instruments Inc. | 0.77% | 96,760 | $16.8M | Reduce -19.9% |
| LLY Eli Lilly & Co. | 0.77% | 15,584 | $16.7M | Add +1.2% |
| MOAT Vaneck Morningstar Wide Moat | 0.76% | 160,193 | $16.6M | Reduce -1.0% |
| LMBS First Trust Low Duration Opp | 0.74% | 325,074 | $16.3M | Add +6.2% |
| UPS United Parcel Service Class B | 0.70% | 154,266 | $15.3M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 20,848 | $14.2M | Add +6.1% |
| VGLT Vanguard Long-Term Treasury | 0.65% | 253,496 | $14.1M | Add +14.8% |
| VEA Vanguard Ftse Developed ETF | 0.64% | 225,655 | $14.1M | Add +24.4% |
| JPM JPMorgan Chase & Co. | 0.50% | 33,707 | $10.9M | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 0.49% | 34,454 | $10.8M | Reduce -7.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.48% | 14 | $10.6M | Reduce -6.7% |
| ARCC Ares Capital Corp. | 0.38% | 413,151 | $8.4M | Add +11.6% |
| V Visa Inc. Class A | 0.35% | 21,987 | $7.7M | Reduce -10.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.33% | 140,797 | $7.2M | Reduce -64.2% |
| USB US Bancorp | 0.29% | 118,336 | $6.3M | Add +0.5% |
| ZTS Zoetis Inc. | 0.27% | 46,863 | $5.9M | Reduce -62.6% |
| VOYG Voyager Technologies Inc. Class A | 0.25% | 209,281 | $5.5M | New |
| LOW Lowe's Cos Inc. | 0.24% | 21,887 | $5.3M | Reduce -0.6% |
| GLD SPDR Gold Shares | 0.21% | 11,649 | $4.6M | Reduce -3.5% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.21% | 59,906 | $4.5M | New |
| APO Apollo Global Management Inc. | 0.19% | 28,729 | $4.2M | Add +504.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.19% | 86,453 | $4.1M | Reduce -4.8% |
| XLV SS Health Care Select Sector | 0.16% | 22,827 | $3.5M | New |
| IEV iShares Europe ETF | 0.15% | 49,337 | $3.4M | Reduce -1.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 10,535 | $3.3M | Add +0.4% |
| ETN Eaton Corp. PLC | 0.14% | 9,846 | $3.1M | Reduce -1.3% |
| WM Waste Management Inc. | 0.13% | 13,420 | $2.9M | Reduce -1.7% |
| ATO Atmos Energy Corp. | 0.13% | 17,431 | $2.9M | Reduce -1.2% |
| COST Costco Wholesale Corp. | 0.13% | 3,250 | $2.8M | Add +0.8% |
| VYM Vanguard High DVD Yield ETF | 0.13% | 19,420 | $2.8M | Add +4.6% |
| IWF iShares Russell 1000 Growth | 0.13% | 5,789 | $2.7M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.12% | 3,919 | $2.7M | Add +1.0% |
| ADI Analog Devices Inc. | 0.12% | 9,841 | $2.7M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.12% | 12,584 | $2.6M | Reduce -2.0% |
| SHEL Shell PLC-ADR | 0.11% | 33,852 | $2.5M | Reduce -2.5% |
| CNQ Canadian Natural Resources | 0.11% | 73,225 | $2.5M | Reduce -1.3% |
| OBDC Blue Owl Capital Corp. | 0.11% | 196,263 | $2.4M | Add +12.5% |
| ABBV Abbvie Inc. | 0.11% | 10,606 | $2.4M | Add +1.0% |
| AXP American Express Co. | 0.10% | 6,201 | $2.3M | Add +0.1% |
| CTVA Corteva Inc. | 0.10% | 33,994 | $2.3M | Reduce -0.0% |
| IJR iShares Core S&P Small-Cap E | 0.10% | 17,828 | $2.1M | Reduce -0.9% |
| KO The Coca-Cola Co. | 0.09% | 29,412 | $2.1M | Reduce -1.1% |
| UNP Union Pacific Corp. | 0.09% | 8,876 | $2.1M | Reduce -2.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 4,175 | $2.0M | Add +8.9% |
| PG The Procter & Gamble Co. | 0.08% | 12,417 | $1.8M | Reduce -2.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 11,397 | $1.8M | Reduce -1.3% |
| MPLX MPLX LP | 0.08% | 32,346 | $1.7M | Reduce -4.2% |
| MDY State Street SPDR S&P Midcap | 0.08% | 2,842 | $1.7M | Reduce -0.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.08% | 60,612 | $1.7M | No change |
| ABT Abbott Laboratories | 0.08% | 13,125 | $1.6M | Reduce -0.6% |
| EVLN Eaton Vance Floating-Rate | 0.07% | 32,867 | $1.6M | Add +228.7% |
| AMAT Applied Materials Inc. | 0.07% | 6,120 | $1.6M | Reduce -1.6% |
| MCD McDonald's Corp. | 0.07% | 5,133 | $1.6M | Reduce -2.1% |
| EEM iShares MSCI Emerging Market | 0.07% | 27,767 | $1.5M | Reduce -0.4% |
| RSP Invesco S&P 500 Equal Weight | 0.07% | 7,583 | $1.5M | Add +23.4% |
| AER Aercap Holdings NV | 0.07% | 10,066 | $1.4M | Add +0.1% |
| BTI British American Tob-SP ADR | 0.07% | 25,274 | $1.4M | Reduce -32.9% |
| IDXX Idexx Laboratories Inc. | 0.07% | 2,103 | $1.4M | Reduce -6.7% |
| AMGN Amgen Inc. | 0.06% | 4,229 | $1.4M | Reduce -3.9% |
| EPD Enterprise Products Partners | 0.06% | 42,772 | $1.4M | No change |
| Q Qnity Electronics Inc. | 0.06% | 16,651 | $1.4M | Add +32.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.06% | 7,048 | $1.3M | Reduce -3.3% |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.06% | 117,526 | $1.3M | Reduce -0.4% |
| TTE Totalenergies SE | 0.06% | 20,268 | $1.3M | New |
| ORCL Oracle Corp. | 0.06% | 6,760 | $1.3M | Reduce -33.5% |
| RY Royal Bank of Canada | 0.06% | 7,611 | $1.3M | No change |
| IWM iShares Russell 2000 ETF | 0.06% | 4,992 | $1.2M | Add +0.0% |
Options reported separately and not counted above: NN calls ($129K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $215K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 172 | $215K | No change |
Total filed on the 13F, all lines: $2.2B.
Portfolio Sells Q3 2025 → Q4 2025
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -64.2% | 0.33% | −0.70 |
| MSFT Microsoft Corp. | Reduce -3.5% | 4.48% | −0.62 |
| ZTS Zoetis Inc. | Reduce -62.6% | 0.27% | −0.59 |
| CMCSA Comcast Corp. Class A | Reduce -98.1% | 0.01% | −0.57 |
| META Meta Platforms Inc. Class A | Reduce -1.1% | 2.37% | −0.36 |
| HD Home Depot Inc. | Reduce -1.2% | 1.38% | −0.31 |
| SHW The Sherwin-Williams Co. | Reduce -16.9% | 0.89% | −0.28 |
| TXN Texas Instruments Inc. | Reduce -19.9% | 0.77% | −0.27 |
| NVDA Nvidia Corp. | Reduce -3.4% | 3.71% | −0.23 |
| NVR NVR Inc. | Reduce -2.4% | 1.34% | −0.21 |
| UNH Unitedhealth Group Inc. | Reduce -2.7% | 1.68% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.8% | 3.08% | −0.17 |
| SAP Sap SE-Sponsored ADR | Reduce -1.0% | 1.18% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -2.2% | 3.10% | −0.14 |
| AON Aon PLC Class A | Reduce -2.7% | 1.59% | −0.10 |
| WSO Watsco Inc. | Reduce -81.9% | 0.02% | −0.09 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.09 |
| ORCL Oracle Corp. | Reduce -33.5% | 0.06% | −0.07 |
| QUAL iShares MSCI USA Quality Fac | Reduce -1.0% | 4.98% | −0.07 |
| AVGO Broadcom Inc. | Reduce -4.4% | 3.05% | −0.07 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -6.7% | 0.48% | −0.05 |
| SYK Stryker Corp. | Reduce -78.2% | 0.01% | −0.04 |
| V Visa Inc. Class A | Reduce -10.2% | 0.35% | −0.04 |
| BN Brookfield Corp. | Reduce -0.6% | 1.36% | −0.04 |
| DE Deere & Co. | Reduce -2.2% | 1.12% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -1.3% | 0.14% | −0.03 |
| CME Cme Group Inc. | Reduce -0.8% | 1.37% | −0.03 |
| BTI British American Tob-SP ADR | Reduce -32.9% | 0.07% | −0.03 |
| GSBD Goldman Sachs BDC Inc. | Sold out | 0.00% | −0.02 |
| MSDL Morgan Stanley Direct Lendin | Sold out | 0.00% | −0.02 |
| BA The Boeing Co. | Sold out | 0.00% | −0.02 |
| NCDL Nuveen Churchill Direct Lend | Sold out | 0.00% | −0.02 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -52.2% | 0.02% | −0.02 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 0.24% | −0.02 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.02 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -58.7% | 0.01% | −0.02 |
| NFLX Netflix Inc. | Reduce -19.5% | 0.03% | −0.02 |
| PJP Invesco Pharmaceuticals ETF | Sold out | 0.00% | −0.02 |
| DIS The Walt Disney Co. | Reduce -19.3% | 0.06% | −0.02 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.8% | 1.29% | −0.01 |
| CB Chubb Ltd. | Reduce -8.4% | 1.08% | −0.01 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.01 |
| IOO iShares Global 100 ETF | Sold out | 0.00% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -23.4% | 0.04% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -4.8% | 0.19% | −0.01 |
| HERD Pacer Cash Cows Fund of Fund | Reduce -29.8% | 0.03% | −0.01 |
| NOW ServiceNow Inc. | Reduce -28.3% | 0.02% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| VTI VG Morningstar TS MKT ETF-US | Add +79.7% | 2.95% | +1.30 |
| MSI Motorola Solutions Inc. | Add +409.4% | 0.86% | +0.66 |
| TBIL F/M US Treasury 3 Month Bill | Add +16.4% | 3.03% | +0.35 |
| JAAA Janus Henderson Aaa Clo ETF | Add +12.8% | 3.49% | +0.31 |
| VOYG Voyager Technologies Inc. Class A | New | 0.25% | +0.25 |
| LLY Eli Lilly & Co. | Add +1.2% | 0.77% | +0.21 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.21% | +0.21 |
| XLV SS Health Care Select Sector | New | 0.16% | +0.16 |
| APO Apollo Global Management Inc. | Add +504.8% | 0.19% | +0.16 |
| VEA Vanguard Ftse Developed ETF | Add +24.4% | 0.64% | +0.14 |
| VOO Vanguard S&P 500 ETF | Add +2.7% | 4.46% | +0.11 |
| AMZN Amazon.com Inc. | Add +0.2% | 3.38% | +0.09 |
| TTE Totalenergies SE | New | 0.06% | +0.06 |
| VGLT Vanguard Long-Term Treasury | Add +14.8% | 0.65% | +0.06 |
| VXUS Vanguard Total Intl Stock | New | 0.05% | +0.05 |
| EVLN Eaton Vance Floating-Rate | Add +228.7% | 0.07% | +0.05 |
| JMUB JPMorgan Municipal ETF | New | 0.05% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.1% | 0.65% | +0.04 |
| VHT Vanguard Health Care ETF | New | 0.03% | +0.03 |
| LMBS First Trust Low Duration Opp | Add +6.2% | 0.74% | +0.03 |
| ARCC Ares Capital Corp. | Add +11.6% | 0.38% | +0.03 |
| USB US Bancorp | Add +0.5% | 0.29% | +0.02 |
| NLY Annaly Capital Management Inc. | New | 0.02% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +94.5% | 0.04% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +54.6% | 0.04% | +0.02 |
| RACE Ferrari NV | Add +211.3% | 0.03% | +0.02 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.02% | +0.02 |
| Q Qnity Electronics Inc. | Add +32.2% | 0.06% | +0.01 |
| EFA iShares MSCI Eafe ETF | New | 0.01% | +0.01 |
| SMH Vaneck Semiconductor ETF | New | 0.01% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +23.4% | 0.07% | +0.01 |
| ZION Zions Bancorp NA | New | 0.01% | +0.01 |
| SPHY SS SPDR P High Yield ETF | New | 0.01% | +0.01 |
| VXF Vanguard Extended Market ETF | Add +90.3% | 0.02% | +0.01 |
| SCHA Schwab US Small-Cap ETF | New | 0.01% | +0.01 |
| XLF SS Financial Select Sector | New | 0.01% | +0.01 |
| DGRO iShares Core Dividend Growth | Add +83.5% | 0.02% | +0.01 |
| KEYS Keysight Technologies Inc. | New | 0.01% | +0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 0.01% | +0.01 |
| AER Aercap Holdings NV | Add +0.1% | 0.07% | +0.01 |
| AXP American Express Co. | Add +0.1% | 0.10% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +67.4% | 0.02% | +0.01 |
| CVX Chevron Corp. | Add +23.5% | 0.05% | +0.01 |
| OBDC Blue Owl Capital Corp. | Add +12.5% | 0.11% | +0.01 |
| URTH iShares MSCI World ETF | Add +0.4% | 3.00% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +8.9% | 0.09% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +60.4% | 0.02% | +0.01 |
| QQQM Invesco Nasdaq 100 ETF | Add +26.2% | 0.03% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +4.6% | 0.13% | +0.00 |
| SCHD Schwab US DVD Equity ETF | Add +18.8% | 0.03% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 165 | $204Kbefore exit |
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 |