Orion Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 18, 2025), Orion Capital Management LLC reported 464 stock positions worth $227.3 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 11.8% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 8.2%) and Apple (AAPL, 5.4%). Compared with Q3 2024, it opened 339 new positions, sold out of 3, added to 22 and reduced 72. The biggest buy was a new position in Janus Henderson Aaa Clo ETF (JAAA) and the biggest sale Avantis Core Fixed Income (AVIG, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- CORONADO, CA
- CIK
- 0001846758
- Portfolio Value
- $227.3M (Q4 2024)
- SEC Filing
- 0001095449-25-000012 ↗ filed Feb 18, 2025
Holdings Value
Holdings 464 stocks · $227.3M
| SGOV iShares 0-3 Month Treasury B | 11.83% | 267,962 | $26.9M | Add +8.9% |
| IVV iShares Core S&P 500 ETF | 8.19% | 31,626 | $18.6M | Add +8.9% |
| AAPL Apple Inc. | 5.37% | 48,785 | $12.2M | Reduce -2.1% |
| AVUS Avantis U.S. Equity ETF | 4.73% | 110,888 | $10.7M | Add +4.2% |
| DSTL Distillate US Fundamental St | 4.06% | 167,963 | $9.2M | Reduce -1.1% |
| VIG Vanguard Dividend Apprec ETF | 3.79% | 44,045 | $8.6M | Reduce -6.0% |
| AMZN Amazon.com Inc. | 3.00% | 31,066 | $6.8M | Reduce -1.4% |
| ISRG Intuitive Surgical Inc. | 2.25% | 9,789 | $5.1M | Reduce -0.4% |
| MSFT Microsoft Corp. | 2.15% | 11,606 | $4.9M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 2.10% | 25,023 | $4.8M | Reduce -2.0% |
| RSP Invesco S&P 500 Equal Weight | 2.03% | 26,368 | $4.6M | Add +0.5% |
| AVUV Avantis US Small Cap Value | 1.96% | 46,074 | $4.4M | Add +5.2% |
| NVDA Nvidia Corp. | 1.59% | 26,970 | $3.6M | Reduce -11.3% |
| SCHD Schwab US DVD Equity ETF | 1.56% | 129,863 | $3.5M | Add +2.9% |
| VYM Vanguard High DVD Yield ETF | 1.56% | 27,743 | $3.5M | Reduce -2.9% |
| AVIG Avantis Core Fixed Income | 1.40% | 78,626 | $3.2M | Reduce -24.6% |
| JAAA Janus Henderson Aaa Clo ETF | 1.40% | 62,786 | $3.2M | New |
| DFAC Dimensional US Core Equity 2 | 1.12% | 73,486 | $2.5M | Reduce -1.7% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 1.10% | 21,265 | $2.5M | Reduce -4.8% |
| ORLY O'reilly Automotive Inc. | 1.03% | 1,968 | $2.3M | Reduce -3.7% |
| AVDE Avantis International Equity | 1.00% | 37,209 | $2.3M | Add +2.1% |
| IJH iShares Core S&P Midcap ETF | 0.96% | 35,175 | $2.2M | Reduce -11.5% |
| JPM JPMorgan Chase & Co. | 0.93% | 8,794 | $2.1M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 0.82% | 9,825 | $1.9M | Reduce -0.0% |
| VEEV Veeva Systems Inc. Class A | 0.80% | 8,595 | $1.8M | Reduce -1.1% |
| QCOM Qualcomm Inc. | 0.77% | 11,444 | $1.8M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.75% | 1,867 | $1.7M | Reduce -4.1% |
| AVLV Avantis US Large Cap Value | 0.74% | 25,223 | $1.7M | Add +14.6% |
| PLTR Palantir Technologies Inc. Class A | 0.71% | 21,400 | $1.6M | No change |
| CRM Salesforce Inc. | 0.71% | 4,813 | $1.6M | Reduce -1.7% |
| PJAN Innovator U.S. Equity Power | 0.67% | 36,098 | $1.5M | Reduce -3.2% |
| PAUG Innovator U.S. Equity Power | 0.62% | 36,505 | $1.4M | Reduce -6.3% |
| V Visa Inc. Class A | 0.59% | 4,273 | $1.4M | Reduce -3.9% |
| XBAP Innovator US Eqy Accel 9 Buf | 0.59% | 39,277 | $1.3M | Reduce -13.5% |
| FTNT Fortinet Inc. | 0.57% | 13,650 | $1.3M | Reduce -2.4% |
| LLY Eli Lilly & Co. | 0.55% | 1,610 | $1.2M | Add +2.5% |
| TSLA Tesla Inc. | 0.53% | 2,963 | $1.2M | New |
| SPSB SS SPDR P St C Corp. ETF | 0.53% | 40,065 | $1.2M | Add +9.3% |
| NFLX Netflix Inc. | 0.51% | 1,309 | $1.2M | Reduce -6.6% |
| VNQ Vanguard Real Estate ETF | 0.51% | 13,044 | $1.2M | Add +14.3% |
| BLK BlackRock Inc. | 0.48% | 1,064 | $1.1M | Reduce -2.7% |
| ADBE Adobe Inc. | 0.47% | 2,405 | $1.1M | Reduce -4.0% |
| MS Morgan Stanley | 0.47% | 8,460 | $1.1M | Reduce -3.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 24,090 | $1.1M | Reduce -1.1% |
| POCT Innovator U.S. Equity Power | 0.44% | 25,008 | $989K | Reduce -3.4% |
| IJR iShares Core S&P Small-Cap E | 0.42% | 8,262 | $952K | Reduce -9.8% |
| DFSU Dimensional US Sus CORE1 ETF | 0.39% | 23,401 | $887K | Reduce -1.7% |
| AMD Advanced Micro Devices | 0.38% | 7,205 | $870K | Add +28.3% |
| AVDV Avantis Intl S/C Value ETF | 0.38% | 13,264 | $863K | Add +3.2% |
| PNOV Innovator U.S. Equity Power | 0.38% | 22,742 | $861K | Add +1.8% |
| HD Home Depot Inc. | 0.37% | 2,179 | $848K | No change |
| FOUR SHIFT4 Payments Inc. Class A | 0.35% | 7,745 | $804K | Reduce -8.3% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.35% | 3,340 | $786K | Reduce -2.5% |
| PDEC Innovator U.S. Equity Power | 0.34% | 20,300 | $780K | Reduce -1.0% |
| JNJ Johnson & Johnson | 0.34% | 5,323 | $770K | Reduce -1.4% |
| PJUL Innovator U.S. Equity Power | 0.34% | 18,577 | $765K | No change |
| ETN Eaton Corp. PLC | 0.32% | 2,203 | $731K | Reduce -9.1% |
| ANET Arista Networks Inc. | 0.32% | 6,518 | $720K | Reduce -15.2% |
| ABBV Abbvie Inc. | 0.30% | 3,855 | $685K | No change |
| TMUS T-Mobile US Inc. | 0.30% | 3,100 | $684K | Reduce -0.6% |
| RMD Resmed Inc. | 0.30% | 2,960 | $677K | Reduce -1.7% |
| FSLR First Solar Inc. | 0.30% | 3,840 | $677K | Reduce -3.8% |
| PMAR Innovator U.S. Equity Power | 0.28% | 15,665 | $630K | No change |
| BJAN Innovator U.S. Equity Buffer | 0.28% | 13,086 | $627K | Reduce -12.1% |
| MRK Merck & Co. Inc. | 0.25% | 5,655 | $563K | Add +2.2% |
| AMGN Amgen Inc. | 0.24% | 2,135 | $556K | Reduce -4.9% |
| AVEM Avantis Emerging Markets Eq | 0.24% | 9,421 | $554K | Reduce -5.9% |
| PFEB Innovator U.S. Equity Power | 0.24% | 15,000 | $552K | Reduce -3.2% |
| PJUN Innovator U.S. Equity Power | 0.24% | 14,600 | $548K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 2,479 | $545K | Reduce -5.7% |
| AVSU Avantis Resp US Equity ETF | 0.24% | 8,240 | $545K | No change |
| PAPR Innovator U.S. Equity Power | 0.23% | 14,445 | $530K | Reduce -2.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 1,745 | $506K | Add +43.1% |
| VOO Vanguard S&P 500 ETF | 0.21% | 894 | $482K | No change |
| EXPE Expedia Group Inc. | 0.20% | 2,445 | $456K | No change |
| XBJL Inn US Eq Acc 9 Buff July | 0.20% | 13,075 | $446K | Reduce -30.5% |
| PMAY Innovator U.S. Equity Power | 0.19% | 12,200 | $438K | Reduce -21.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.19% | 4,692 | $429K | New |
| ARLO Arlo Technologies Inc. | 0.19% | 38,160 | $427K | Reduce -15.5% |
| JPST JPMorgan Ultra-Short Income | 0.18% | 8,035 | $405K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 892 | $404K | Reduce -2.2% |
| PEP Pepsico Inc. | 0.17% | 2,609 | $397K | Add +4.7% |
| MDY State Street SPDR S&P Midcap | 0.17% | 674 | $384K | No change |
| QQQM Invesco Nasdaq 100 ETF | 0.17% | 1,798 | $378K | New |
| PSEP Innovator U.S. Equity Power | 0.16% | 9,450 | $369K | Reduce -17.5% |
| BMAR Innovator U.S. Equity Buffer | 0.16% | 7,930 | $366K | No change |
| BMAY Innovator U.S. Equity Buffer | 0.15% | 8,700 | $351K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.15% | 6,274 | $343K | No change |
| IWF iShares Russell 1000 Growth | 0.15% | 846 | $340K | No change |
| UNH Unitedhealth Group Inc. | 0.15% | 659 | $333K | Reduce -4.3% |
| VHT Vanguard Health Care ETF | 0.14% | 1,240 | $315K | No change |
| CWB SS SPDR BB Conv Sec ETF | 0.14% | 4,000 | $312K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.14% | 2,565 | $310K | Add +4.1% |
| DELL Dell Technologies -C | 0.14% | 2,680 | $309K | New |
| DVY iShares Select Dividend ETF | 0.13% | 2,330 | $306K | No change |
| CAT Caterpillar Inc. | 0.13% | 820 | $297K | No change |
| XOM Exxon Mobil Corp. | 0.13% | 2,720 | $293K | No change |
| HON Honeywell International Inc. | 0.13% | 1,268 | $286K | No change |
| EQWL Invesco S&P 100 Equal Weight | 0.12% | 2,770 | $283K | No change |
| BFEB Innovator U.S. Equity Buffer | 0.12% | 6,300 | $271K | Reduce -6.0% |
Options reported separately and not counted above: NETFLIX INC. calls ($89K), TESLA INC calls ($81K), ASML HLDG NV calls ($69K), APPLE INC calls ($50K), MICROSOFT CORP calls ($42K), EATON CORP PLC calls ($33K), BROADCOM INC calls ($23K), ARISTA NETWORKS INC calls ($22K), PALO ALTO NETWORKS INC calls ($18K), NVIDIA CORPORATION calls ($13K), DELL TECHNOLOGIES INC calls ($11K), TOAST INC calls ($4K).
Portfolio Sells Q3 2024 → Q4 2024
| AVIG Avantis Core Fixed Income | Reduce -24.6% | 1.40% | −0.75 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.0% | 3.79% | −0.71 |
| DSTL Distillate US Fundamental St | Reduce -1.1% | 4.06% | −0.62 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -77.7% | 0.09% | −0.35 |
| MSFT Microsoft Corp. | Reduce -0.6% | 2.15% | −0.29 |
| AAPL Apple Inc. | Reduce -2.1% | 5.37% | −0.27 |
| IJH iShares Core S&P Midcap ETF | Reduce -11.5% | 0.96% | −0.24 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.9% | 1.56% | −0.22 |
| NVDA Nvidia Corp. | Reduce -11.3% | 1.59% | −0.20 |
| FSLR First Solar Inc. | Reduce -3.8% | 0.30% | −0.19 |
| QCOM Qualcomm Inc. | Reduce -0.3% | 0.77% | −0.18 |
| ADBE Adobe Inc. | Reduce -4.0% | 0.47% | −0.16 |
| AMN Amn Healthcare Services Inc. | Sold out | 0.00% | −0.15 |
| XBAP Innovator US Eqy Accel 9 Buf | Reduce -13.5% | 0.59% | −0.15 |
| DFAC Dimensional US Core Equity 2 | Reduce -1.7% | 1.12% | −0.13 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.12 |
| SPIB SS SPDR P Int C Corp. ETF | Sold out | 0.00% | −0.12 |
| ORLY O'reilly Automotive Inc. | Reduce -3.7% | 1.03% | −0.12 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -2.5% | 0.35% | −0.11 |
| XBJL Inn US Eq Acc 9 Buff July | Reduce -30.5% | 0.20% | −0.11 |
| AMGN Amgen Inc. | Reduce -4.9% | 0.24% | −0.11 |
| BSV Vanguard Short-Term Bond ETF | Reduce -52.2% | 0.08% | −0.10 |
| IJR iShares Core S&P Small-Cap E | Reduce -9.8% | 0.42% | −0.10 |
| ISRG Intuitive Surgical Inc. | Reduce -0.4% | 2.25% | −0.10 |
| PAUG Innovator U.S. Equity Power | Reduce -6.3% | 0.62% | −0.10 |
| VEEV Veeva Systems Inc. Class A | Reduce -1.1% | 0.80% | −0.09 |
| TTD Trade Desk Inc./the Class A | Reduce -4.8% | 1.10% | −0.09 |
| JNJ Johnson & Johnson | Reduce -1.4% | 0.34% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -4.1% | 0.75% | −0.09 |
| XBJA Innovator US Eq Ac 9 Buff-J | Reduce -42.0% | 0.09% | −0.08 |
| XBOC Innovator US Eqy Acc 9 Buff | Reduce -51.8% | 0.06% | −0.08 |
| ARLO Arlo Technologies Inc. | Reduce -15.5% | 0.19% | −0.08 |
| PJAN Innovator U.S. Equity Power | Reduce -3.2% | 0.67% | −0.08 |
| PMAY Innovator U.S. Equity Power | Reduce -21.8% | 0.19% | −0.07 |
| AVEM Avantis Emerging Markets Eq | Reduce -5.9% | 0.24% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -9.1% | 0.32% | −0.07 |
| BJAN Innovator U.S. Equity Buffer | Reduce -12.1% | 0.28% | −0.06 |
| RMD Resmed Inc. | Reduce -1.7% | 0.30% | −0.06 |
| POCT Innovator U.S. Equity Power | Reduce -3.4% | 0.44% | −0.06 |
| PSEP Innovator U.S. Equity Power | Reduce -17.5% | 0.16% | −0.05 |
| FOCL Edap TMS SA -ADR | Reduce -45.6% | 0.04% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -4.3% | 0.15% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -5.7% | 0.24% | −0.04 |
| ANET Arista Networks Inc. | Reduce -15.2% | 0.32% | −0.04 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -1.7% | 0.39% | −0.04 |
| NVEE NV5 Global Inc. | Reduce -15.2% | 0.06% | −0.04 |
| PDEC Innovator U.S. Equity Power | Reduce -1.0% | 0.34% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -3.5% | 0.09% | −0.03 |
| PFEB Innovator U.S. Equity Power | Reduce -3.2% | 0.24% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.2% | 0.18% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| JAAA Janus Henderson Aaa Clo ETF | New | 1.40% | +1.40 |
| TSLA Tesla Inc. | New | 0.53% | +0.53 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.19% | +0.19 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.17% | +0.17 |
| DELL Dell Technologies -C | New | 0.14% | +0.14 |
| CME Cme Group Inc. | New | 0.11% | +0.11 |
| XLF SS Financial Select Sector | New | 0.10% | +0.10 |
| PINS Pinterest Inc. Class A | New | 0.09% | +0.09 |
| GLD SPDR Gold Shares | New | 0.09% | +0.09 |
| ABT Abbott Laboratories | New | 0.08% | +0.08 |
| BKNG Booking Holdings Inc. | New | 0.08% | +0.08 |
| MA Mastercard Inc. Class A | New | 0.08% | +0.08 |
| IBB iShares Biotechnology ETF | New | 0.08% | +0.08 |
| IBHF iShares Ibond 2026 HY & Inc. | New | 0.07% | +0.07 |
| GS Goldman Sachs Group Inc. | New | 0.07% | +0.07 |
| IBHG iShares Ibonds 2027 HY Inc. | New | 0.07% | +0.07 |
| UJAN Innovator U.S. Equity Ultra | New | 0.07% | +0.07 |
| AVSD Avantis Reps Intern Equi ETF | New | 0.07% | +0.07 |
| UBER Uber Technologies Inc. | New | 0.06% | +0.06 |
| ARCC Ares Capital Corp. | New | 0.06% | +0.06 |
| DFSB Dim GLB Sustain Fix Inc. ETF | New | 0.06% | +0.06 |
| BSCP Invesco Bulletshares 2025 CB | New | 0.06% | +0.06 |
| NKE Nike Inc. Class B | New | 0.06% | +0.06 |
| BJUL Innovator U.S. Equity Buffer | New | 0.06% | +0.06 |
| REET iShares Global REIT ETF | New | 0.06% | +0.06 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.06% | +0.06 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.06% | +0.06 |
| TOST Toast Inc. Class A | New | 0.06% | +0.06 |
| BJUN Innovator U.S. Equity Buffer | New | 0.05% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +43.1% | 0.22% | +0.05 |
| WMT Walmart Inc. | New | 0.05% | +0.05 |
| DECK Deckers Outdoor Corp. | New | 0.05% | +0.05 |
| IBHH iShares Ibonds 2028 TM HY Inc. | New | 0.05% | +0.05 |
| ONON On Holding AG Class A | New | 0.05% | +0.05 |
| BAPR Innovator U.S. Equity Buffer | New | 0.05% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +8.9% | 8.19% | +0.05 |
| ROP Roper Technologies Inc. | New | 0.05% | +0.05 |
| TRMB Trimble Inc. | New | 0.05% | +0.05 |
| EW Edwards Lifesciences Corp. | New | 0.05% | +0.05 |
| ML Moneylion Inc. | New | 0.05% | +0.05 |
| VZ Verizon Communications Inc. | New | 0.05% | +0.05 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.05% | +0.05 |
| VIK Viking Holdings Ltd. | New | 0.05% | +0.05 |
| RTX RTX Corp. | New | 0.05% | +0.05 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 0.05% | +0.05 |
| UNF Unifirst Corp. | New | 0.05% | +0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.04% | +0.04 |
| GD General Dynamics Corp. | New | 0.04% | +0.04 |
| DFUV Dimensional US Marketwide Va | New | 0.04% | +0.04 |
| APO Apollo Global Management Inc. | New | 0.04% | +0.04 |
Options Activity Q3 2024 → Q4 2024
| TESLA INC | call | New | 200 | $81K |
| ARISTA NETWORKS INC | call | Sold out | 200 | $77Kbefore exit |
| ASML HLDG NV | call | New | 100 | $69K |
| EATON CORP PLC | call | New | 100 | $33K |
| ARISTA NETWORKS INC | call | New | 200 | $22K |
| ALPHABET INC | call | Sold out | 100 | $17Kbefore exit |
| ADVANCED MICRO DEVICES INC | call | Sold out | 100 | $16Kbefore exit |
| DELL TECHNOLOGIES INC | call | New | 100 | $11K |
| PALANTIR TECHNOLOGIES INC | call | Sold out | 100 | $4Kbefore exit |
| TOAST INC | call | New | 100 | $4K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 504 | $321.9M | IVV, JAAA, SGOV, AVUS, AAPL |
| Q1 2026 | 482 | $289.8M | SGOV, IVV, JAAA, AVUS, AAPL |
| Q4 2025 | 486 | $296.3M | SGOV, IVV, JAAA, AVUS, AAPL |
| Q3 2025 | 539 | $286.9M | SGOV, IVV, JAAA, AVUS, AAPL |
| Q2 2025 | 460 | $262.5M | SGOV, IVV, JAAA, AVUS, AAPL |
| Q1 2025 | 473 | $237.4M | SGOV, IVV, AAPL, AVUS, JAAA |
| Q4 2024 | 464 | $227.3M | SGOV, IVV, AAPL, AVUS, DSTL |
| Q3 2024 | 128 | $205.8M | SGOV, IVV, AAPL, AVUS, DSTL |
| Q2 2024 | 424 | $190.0M | SGOV, IVV, AAPL, VIG, AVUS |
| Q1 2024 | 496 | $187.7M | SGOV, IVV, AAPL, VIG, AVUS |