Orion Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Orion Capital Management LLC reported 473 stock positions worth $237.4 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 13.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 8.0%) and Apple (AAPL, 4.7%). Compared with Q4 2024, it opened 37 new positions, sold out of 28, added to 90 and reduced 84. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +215%) and the biggest sale an exit from Avantis Core Fixed Income (AVIG).
- Most Recent 13F
- Q2 2026
- Location
- CORONADO, CA
- CIK
- 0001846758
- Portfolio Value
- $237.4M (Q1 2025)
- SEC Filing
- 0001095449-25-000037 ↗ filed May 14, 2025
Holdings Value
Holdings 473 stocks · $237.4M
| SGOV iShares 0-3 Month Treasury B | 13.08% | 308,356 | $31.0M | Add +15.1% |
| IVV iShares Core S&P 500 ETF | 8.00% | 33,800 | $19.0M | Add +6.9% |
| AAPL Apple Inc. | 4.70% | 50,200 | $11.2M | Add +2.9% |
| AVUS Avantis U.S. Equity ETF | 4.67% | 119,923 | $11.1M | Add +8.2% |
| JAAA Janus Henderson Aaa Clo ETF | 4.23% | 198,018 | $10.0M | Add +215.4% |
| DSTL Distillate US Fundamental St | 3.99% | 174,550 | $9.5M | Add +3.9% |
| VIG Vanguard Dividend Apprec ETF | 3.51% | 42,939 | $8.3M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 2.45% | 30,536 | $5.8M | Reduce -1.7% |
| ISRG Intuitive Surgical Inc. | 2.02% | 9,669 | $4.8M | Reduce -1.2% |
| MSFT Microsoft Corp. | 1.97% | 12,475 | $4.7M | Add +7.5% |
| RSP Invesco S&P 500 Equal Weight | 1.97% | 26,969 | $4.7M | Add +2.3% |
| AVUV Avantis US Small Cap Value | 1.69% | 45,949 | $4.0M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 1.65% | 25,003 | $3.9M | Reduce -0.1% |
| SCHD Schwab US DVD Equity ETF | 1.64% | 139,550 | $3.9M | Add +7.5% |
| VYM Vanguard High DVD Yield ETF | 1.61% | 29,653 | $3.8M | Add +6.9% |
| ORLY O'reilly Automotive Inc. | 1.19% | 1,968 | $2.8M | No change |
| DFAC Dimensional US Core Equity 2 | 1.18% | 84,988 | $2.8M | Add +15.7% |
| NVDA Nvidia Corp. | 1.07% | 23,333 | $2.5M | Reduce -13.5% |
| AVDE Avantis International Equity | 1.05% | 37,704 | $2.5M | Add +1.3% |
| COST Costco Wholesale Corp. | 0.96% | 2,401 | $2.3M | Add +28.6% |
| AVLV Avantis US Large Cap Value | 0.94% | 34,384 | $2.2M | Add +36.3% |
| JPM JPMorgan Chase & Co. | 0.88% | 8,494 | $2.1M | Reduce -3.4% |
| VEEV Veeva Systems Inc. Class A | 0.82% | 8,385 | $1.9M | Reduce -2.4% |
| ABBV Abbvie Inc. | 0.80% | 9,036 | $1.9M | Add +134.4% |
| PLTR Palantir Technologies Inc. Class A | 0.77% | 21,673 | $1.8M | Add +1.3% |
| QCOM Qualcomm Inc. | 0.75% | 11,533 | $1.8M | Add +0.8% |
| IJH iShares Core S&P Midcap ETF | 0.74% | 30,095 | $1.8M | Reduce -14.4% |
| PJAN Innovator U.S. Equity Power | 0.62% | 35,348 | $1.5M | Reduce -2.1% |
| XBAP Innovator US Eqy Accel 9 Buf | 0.61% | 41,194 | $1.4M | Add +4.9% |
| V Visa Inc. Class A | 0.60% | 4,044 | $1.4M | Reduce -5.4% |
| GOOGL Alphabet Inc. Class A | 0.60% | 9,165 | $1.4M | Reduce -6.7% |
| PAUG Innovator U.S. Equity Power | 0.58% | 36,405 | $1.4M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.58% | 1,664 | $1.4M | Add +3.4% |
| FTNT Fortinet Inc. | 0.57% | 14,175 | $1.4M | Add +3.9% |
| CRM Salesforce Inc. | 0.57% | 5,073 | $1.4M | Add +5.4% |
| SPSB SS SPDR P St C Corp. ETF | 0.56% | 44,218 | $1.3M | Add +10.4% |
| VNQ Vanguard Real Estate ETF | 0.54% | 14,184 | $1.3M | Add +8.7% |
| ETN Eaton Corp. PLC | 0.52% | 4,544 | $1.2M | Add +106.3% |
| NFLX Netflix Inc. | 0.49% | 1,249 | $1.2M | Reduce -4.6% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.49% | 21,265 | $1.2M | No change |
| AVDV Avantis Intl S/C Value ETF | 0.43% | 14,710 | $1.0M | Add +10.9% |
| MRK Merck & Co. Inc. | 0.42% | 10,989 | $986K | Add +94.3% |
| MS Morgan Stanley | 0.41% | 8,390 | $979K | Reduce -0.8% |
| BLK BlackRock Inc. | 0.41% | 1,034 | $979K | Reduce -2.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 23,211 | $969K | Reduce -3.6% |
| POCT Innovator U.S. Equity Power | 0.41% | 24,925 | $968K | Reduce -0.3% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.38% | 3,340 | $902K | No change |
| JNJ Johnson & Johnson | 0.37% | 5,323 | $883K | No change |
| IJR iShares Core S&P Small-Cap E | 0.36% | 8,231 | $861K | Reduce -0.4% |
| ADBE Adobe Inc. | 0.36% | 2,210 | $848K | Reduce -8.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 3,403 | $846K | Add +37.3% |
| PNOV Innovator U.S. Equity Power | 0.36% | 22,717 | $846K | Reduce -0.1% |
| RTX RTX Corp. | 0.35% | 6,337 | $839K | Add +574.1% |
| PFEB Innovator U.S. Equity Power | 0.35% | 23,097 | $827K | Add +54.0% |
| TMUS T-Mobile US Inc. | 0.35% | 3,100 | $827K | No change |
| HD Home Depot Inc. | 0.34% | 2,209 | $810K | Add +1.4% |
| DFSU Dimensional US Sus CORE1 ETF | 0.34% | 22,327 | $800K | Reduce -4.6% |
| JPST JPMorgan Ultra-Short Income | 0.33% | 15,322 | $776K | Add +90.7% |
| PDEC Innovator U.S. Equity Power | 0.32% | 20,300 | $763K | No change |
| PJUL Innovator U.S. Equity Power | 0.31% | 18,577 | $747K | No change |
| AMGN Amgen Inc. | 0.28% | 2,115 | $659K | Reduce -0.9% |
| AMD Advanced Micro Devices | 0.28% | 6,365 | $654K | Reduce -11.7% |
| FOUR SHIFT4 Payments Inc. Class A | 0.27% | 7,945 | $649K | Add +2.6% |
| FSLR First Solar Inc. | 0.27% | 5,050 | $638K | Add +31.5% |
| PMAR Innovator U.S. Equity Power | 0.26% | 15,665 | $626K | No change |
| USB US Bancorp | 0.26% | 14,600 | $616K | New |
| RMD Resmed Inc. | 0.25% | 2,660 | $595K | Reduce -10.1% |
| MCD McDonald's Corp. | 0.25% | 1,872 | $585K | Add +149.3% |
| AVSU Avantis Resp US Equity ETF | 0.24% | 8,972 | $559K | Add +8.9% |
| PJUN Innovator U.S. Equity Power | 0.23% | 14,720 | $545K | Add +0.8% |
| UBER Uber Technologies Inc. | 0.22% | 7,117 | $519K | Add +191.4% |
| PAPR Innovator U.S. Equity Power | 0.22% | 14,445 | $515K | No change |
| QQQM Invesco Nasdaq 100 ETF | 0.21% | 2,607 | $503K | Add +45.0% |
| AVEM Avantis Emerging Markets Eq | 0.21% | 8,295 | $499K | Reduce -11.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 1,765 | $485K | Add +1.1% |
| ANET Arista Networks Inc. | 0.20% | 6,108 | $473K | Reduce -6.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 877 | $467K | Reduce -1.7% |
| BJAN Innovator U.S. Equity Buffer | 0.20% | 9,960 | $464K | Reduce -23.9% |
| VOO Vanguard S&P 500 ETF | 0.19% | 894 | $459K | No change |
| CME Cme Group Inc. | 0.19% | 1,677 | $445K | Add +57.2% |
| XBJL Inn US Eq Acc 9 Buff July | 0.19% | 13,007 | $440K | Reduce -0.5% |
| EXPE Expedia Group Inc. | 0.19% | 2,615 | $440K | Add +7.0% |
| PMAY Innovator U.S. Equity Power | 0.18% | 12,200 | $437K | No change |
| PM Philip Morris International | 0.17% | 2,610 | $414K | New |
| FTSM First Trust Enh Short Mat FD | 0.16% | 6,254 | $374K | New |
| TBLL Invesco Short Term Treasury | 0.16% | 3,541 | $374K | New |
| PSEP Innovator U.S. Equity Power | 0.15% | 9,450 | $363K | No change |
| PEP Pepsico Inc. | 0.15% | 2,409 | $361K | Reduce -7.7% |
| MDY State Street SPDR S&P Midcap | 0.15% | 674 | $359K | No change |
| BMAY Innovator U.S. Equity Buffer | 0.15% | 8,700 | $345K | No change |
| ARLO Arlo Technologies Inc. | 0.15% | 34,960 | $345K | Reduce -8.4% |
| BMAR Innovator U.S. Equity Buffer | 0.14% | 7,430 | $338K | Reduce -6.3% |
| VHT Vanguard Health Care ETF | 0.14% | 1,240 | $328K | No change |
| NVIDIA CORPORATION | 0.14% | 3,000 | $325K | New |
| LMT Lockheed Martin Corp. | 0.14% | 728 | $325K | Add +295.6% |
| XOM Exxon Mobil Corp. | 0.14% | 2,720 | $323K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.13% | 6,200 | $317K | Reduce -1.2% |
| DVY iShares Select Dividend ETF | 0.13% | 2,330 | $313K | No change |
| DELL Dell Technologies -C | 0.13% | 3,365 | $307K | Add +25.6% |
| CWB SS SPDR BB Conv Sec ETF | 0.13% | 4,000 | $306K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AVIG Avantis Core Fixed Income | Sold out | 0.00% | −1.40 |
| AMZN Amazon.com Inc. | Reduce -1.7% | 2.45% | −0.55 |
| NVDA Nvidia Corp. | Reduce -13.5% | 1.07% | −0.53 |
| TSLA Tesla Inc. | Reduce -85.3% | 0.05% | −0.48 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 1.65% | −0.45 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.5% | 3.51% | −0.29 |
| AVUV Avantis US Small Cap Value | Reduce -0.3% | 1.69% | −0.27 |
| ISRG Intuitive Surgical Inc. | Reduce -1.2% | 2.02% | −0.23 |
| IJH iShares Core S&P Midcap ETF | Reduce -14.4% | 0.74% | −0.22 |
| GOOGL Alphabet Inc. Class A | Reduce -6.7% | 0.60% | −0.22 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.19 |
| ANET Arista Networks Inc. | Reduce -6.3% | 0.20% | −0.12 |
| UNH Unitedhealth Group Inc. | Reduce -78.9% | 0.03% | −0.12 |
| ADBE Adobe Inc. | Reduce -8.1% | 0.36% | −0.11 |
| AMD Advanced Micro Devices | Reduce -11.7% | 0.28% | −0.11 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -94.7% | 0.00% | −0.08 |
| BJAN Innovator U.S. Equity Buffer | Reduce -23.9% | 0.20% | −0.08 |
| BLK BlackRock Inc. | Reduce -2.8% | 0.41% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -62.8% | 0.03% | −0.06 |
| UPST Upstart Holdings Inc. | Reduce -35.2% | 0.05% | −0.06 |
| BAC Bank of America Corp. | Reduce -3.6% | 0.41% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.4% | 0.36% | −0.06 |
| MS Morgan Stanley | Reduce -0.8% | 0.41% | −0.06 |
| BSV Vanguard Short-Term Bond ETF | Reduce -71.9% | 0.02% | −0.05 |
| PJAN Innovator U.S. Equity Power | Reduce -2.1% | 0.62% | −0.05 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -4.6% | 0.34% | −0.05 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -3.4% | 0.88% | −0.05 |
| RMD Resmed Inc. | Reduce -10.1% | 0.25% | −0.05 |
| ARLO Arlo Technologies Inc. | Reduce -8.4% | 0.15% | −0.04 |
| DECK Deckers Outdoor Corp. | Reduce -50.0% | 0.01% | −0.04 |
| PAUG Innovator U.S. Equity Power | Reduce -0.3% | 0.58% | −0.04 |
| WELL Welltower Inc. | Reduce -39.1% | 0.08% | −0.03 |
| AVEM Avantis Emerging Markets Eq | Reduce -11.9% | 0.21% | −0.03 |
| PFFD Global X US Preferred ETF | Sold out | 0.00% | −0.03 |
| POCT Innovator U.S. Equity Power | Reduce -0.3% | 0.41% | −0.03 |
| NKE Nike Inc. Class B | Reduce -32.6% | 0.03% | −0.03 |
| HON Honeywell International Inc. | Reduce -9.5% | 0.10% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -59.5% | 0.02% | −0.02 |
| PNOV Innovator U.S. Equity Power | Reduce -0.1% | 0.36% | −0.02 |
| NFLX Netflix Inc. | Reduce -4.6% | 0.49% | −0.02 |
| PEP Pepsico Inc. | Reduce -7.7% | 0.15% | −0.02 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.02 |
| BMAR Innovator U.S. Equity Buffer | Reduce -6.3% | 0.14% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -1.2% | 0.13% | −0.02 |
| TRMB Trimble Inc. | Reduce -25.0% | 0.03% | −0.02 |
| IBB iShares Biotechnology ETF | Reduce -15.4% | 0.06% | −0.02 |
| AI C3.AI Inc. Class A | Sold out | 0.00% | −0.02 |
| VIK Viking Holdings Ltd. | Reduce -20.0% | 0.03% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -21.4% | 0.03% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| JAAA Janus Henderson Aaa Clo ETF | Add +215.4% | 4.23% | +2.83 |
| SGOV iShares 0-3 Month Treasury B | Add +15.1% | 13.08% | +1.25 |
| ABBV Abbvie Inc. | Add +134.4% | 0.80% | +0.50 |
| RTX RTX Corp. | Add +574.1% | 0.35% | +0.31 |
| USB US Bancorp | New | 0.26% | +0.26 |
| COST Costco Wholesale Corp. | Add +28.6% | 0.96% | +0.20 |
| AVLV Avantis US Large Cap Value | Add +36.3% | 0.94% | +0.20 |
| ETN Eaton Corp. PLC | Add +106.3% | 0.52% | +0.20 |
| PM Philip Morris International | New | 0.17% | +0.17 |
| MRK Merck & Co. Inc. | Add +94.3% | 0.42% | +0.17 |
| FTSM First Trust Enh Short Mat FD | New | 0.16% | +0.16 |
| TBLL Invesco Short Term Treasury | New | 0.16% | +0.16 |
| UBER Uber Technologies Inc. | Add +191.4% | 0.22% | +0.15 |
| MCD McDonald's Corp. | Add +149.3% | 0.25% | +0.15 |
| JPST JPMorgan Ultra-Short Income | Add +90.7% | 0.33% | +0.15 |
| NVIDIA CORPORATION | New | 0.14% | +0.14 |
| IBM Intl Business Machines Corp. | Add +37.3% | 0.36% | +0.12 |
| DFVX Dim US Large Cap Vector ETF | New | 0.11% | +0.11 |
| PFEB Innovator U.S. Equity Power | Add +54.0% | 0.35% | +0.11 |
| NOC Northrop Grumman Corp. | New | 0.10% | +0.10 |
| LMT Lockheed Martin Corp. | Add +295.6% | 0.14% | +0.10 |
| DFAE Dimensional Emerging Core Eq | Add +5759.6% | 0.09% | +0.09 |
| SCHD Schwab US DVD Equity ETF | Add +7.5% | 1.64% | +0.08 |
| TDY Teledyne Technologies Inc. | New | 0.08% | +0.08 |
| CME Cme Group Inc. | Add +57.2% | 0.19% | +0.08 |
| CFG Citizens Financial Group | New | 0.08% | +0.08 |
| ET Energy Transfer LP | New | 0.07% | +0.07 |
| WFC Wells Fargo & Co. | Add +431.2% | 0.08% | +0.06 |
| DFAC Dimensional US Core Equity 2 | Add +15.7% | 1.18% | +0.06 |
| DFAI Dimensional International Co. | Add +1852.5% | 0.07% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +1.3% | 0.77% | +0.06 |
| BA The Boeing Co. | Add +652.5% | 0.06% | +0.05 |
| VYM Vanguard High DVD Yield ETF | Add +6.9% | 1.61% | +0.05 |
| AVDV Avantis Intl S/C Value ETF | Add +10.9% | 0.43% | +0.05 |
| SYF Synchrony Financial | Add +196.2% | 0.09% | +0.05 |
| AVDE Avantis International Equity | Add +1.3% | 1.05% | +0.05 |
| QQQM Invesco Nasdaq 100 ETF | Add +45.0% | 0.21% | +0.05 |
| MELI MercadoLibre Inc. | Add +90.9% | 0.09% | +0.05 |
| MO Altria Group Inc. | New | 0.05% | +0.05 |
| CCL Carnival Corp. | Add +450.0% | 0.05% | +0.04 |
| SNV Synovus Financial Corp. | New | 0.04% | +0.04 |
| NETFLIX INC. | New | 0.04% | +0.04 |
| XBOC Innovator US Eqy Acc 9 Buff | Add +69.7% | 0.10% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | Add +166.4% | 0.06% | +0.04 |
| SPSB SS SPDR P St C Corp. ETF | Add +10.4% | 0.56% | +0.03 |
| LLY Eli Lilly & Co. | Add +3.4% | 0.58% | +0.03 |
| VNQ Vanguard Real Estate ETF | Add +8.7% | 0.54% | +0.03 |
| VEEVA SYS INC | New | 0.03% | +0.03 |
| ASML HLDG NV | New | 0.03% | +0.03 |
| BSCP Invesco Bulletshares 2025 CB | Add +47.0% | 0.08% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| NETFLIX INC. | call | Sold out | 100 | $89Kbefore exit |
| TESLA INC | call | Sold out | 200 | $81Kbefore exit |
| ASML HLDG NV | call | Sold out | 100 | $69Kbefore exit |
| APPLE INC | call | Sold out | 200 | $50Kbefore exit |
| MICROSOFT CORP | call | Sold out | 100 | $42Kbefore exit |
| EATON CORP PLC | call | Sold out | 100 | $33Kbefore exit |
| BROADCOM INC | call | Sold out | 100 | $23Kbefore exit |
| ARISTA NETWORKS INC | call | Sold out | 200 | $22Kbefore exit |
| PALO ALTO NETWORKS INC | call | Sold out | 100 | $18Kbefore exit |
| NVIDIA CORPORATION | call | Sold out | 100 | $13Kbefore exit |
| DELL TECHNOLOGIES INC | call | Sold out | 100 | $11Kbefore exit |
| TOAST INC | call | Sold out | 100 | $4Kbefore exit |
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 |