Orser Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Orser Capital Management, LLC reported 55 stock positions worth $177.0 million. Its top holding was Vanguard Short-Term Treasury (VGSH) at 9.8% of the portfolio, followed by Nvidia (NVDA, 9.7%) and iShares MSCI International Q (IQLT, 5.4%). Compared with Q3 2025, it opened 6 new positions, sold out of 22, added to 20 and reduced 19. The biggest buy was Vanguard Short-Term Treasury (VGSH, shares +10%) and the biggest sale an exit from Netflix (NFLX).
- Most Recent 13F
- Q2 2026
- Location
- SOUTHLAKE, TX
- CIK
- 0001785717
- Portfolio Value
- $177.0M (Q4 2025)
- SEC Filing
- 0001785717-26-000001 ↗ filed Jan 12, 2026
Holdings Value
Holdings 55 stocks · $177.0M
| VGSH Vanguard Short-Term Treasury | 9.80% | 295,160 | $17.3M | Add +9.7% |
| NVDA Nvidia Corp. | 9.72% | 92,259 | $17.2M | Reduce -0.8% |
| IQLT iShares MSCI International Q | 5.45% | 48,546 | $9.6M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 5.31% | 30,019 | $9.4M | Reduce -0.5% |
| AAPL Apple Inc. | 5.17% | 33,639 | $9.1M | Reduce -0.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 4.78% | 106,060 | $8.5M | Add +15.6% |
| CRS Carpenter Technology | 4.45% | 25,015 | $7.9M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 3.98% | 11,241 | $7.0M | Add +5.4% |
| MSFT Microsoft Corp. | 3.45% | 12,623 | $6.1M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 3.15% | 24,139 | $5.6M | Reduce -0.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.10% | 28,679 | $5.5M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 2.63% | 8,149 | $4.7M | Reduce -1.9% |
| VGT Vanguard Info Tech ETF | 2.36% | 5,538 | $4.2M | Add +2.8% |
| IWF iShares Russell 1000 Growth | 2.32% | 8,689 | $4.1M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.32% | 8,170 | $4.1M | Reduce -1.6% |
| WK Workiva Inc. | 2.30% | 47,187 | $4.1M | Reduce -1.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.21% | 8,012 | $3.9M | Reduce -0.5% |
| HD Home Depot Inc. | 1.73% | 8,892 | $3.1M | Reduce -1.5% |
| SPMO Invesco S&P 500 Momentum ETF | 1.66% | 24,555 | $2.9M | No change |
| SCHK Schwab 1000 Index ETF | 1.54% | 83,197 | $2.7M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 1.53% | 4,680 | $2.7M | Add +45.1% |
| WMT Walmart Inc. | 1.46% | 23,238 | $2.6M | Add +0.8% |
| VSGX Vanguard ESG Intl Stock ETF | 1.40% | 34,520 | $2.5M | Add +3.4% |
| WM Waste Management Inc. | 1.32% | 10,605 | $2.3M | Add +0.7% |
| CASY Casey's General Stores Inc. | 1.25% | 3,988 | $2.2M | Add +0.3% |
| SOXX iShares Semiconductor ETF | 1.11% | 6,515 | $2.0M | Reduce -0.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.98% | 5,520 | $1.7M | Reduce -0.1% |
| IGPT Invesco AI and Next Gen Soft | 0.94% | 28,005 | $1.7M | No change |
| RRC Range Resources Corp. | 0.92% | 46,102 | $1.6M | Add +3.7% |
| UNP Union Pacific Corp. | 0.88% | 6,721 | $1.6M | Add +2.0% |
| RS Reliance Inc. | 0.84% | 5,165 | $1.5M | Add +1.7% |
| VIG Vanguard Dividend Apprec ETF | 0.82% | 6,575 | $1.4M | Add +30.3% |
| DHR Danaher Corp. | 0.79% | 6,106 | $1.4M | Reduce -4.2% |
| ADI Analog Devices Inc. | 0.61% | 3,997 | $1.1M | New |
| JNJ Johnson & Johnson | 0.61% | 5,217 | $1.1M | New |
| VGUS Vanguard Ultra SHRT Treasury | 0.56% | 13,230 | $998K | No change |
| ITW Illinois Tool Works | 0.55% | 3,975 | $979K | New |
| ORCL Oracle Corp. | 0.54% | 4,930 | $961K | No change |
| HON Honeywell International Inc. | 0.51% | 4,586 | $895K | Reduce -10.3% |
| CAT Caterpillar Inc. | 0.48% | 1,489 | $853K | Add +3.1% |
| AVGO Broadcom Inc. | 0.48% | 2,460 | $851K | Add +5.7% |
| GE General Electric filed as GE AEROSPACE | 0.46% | 2,637 | $812K | Add +6.7% |
| SCHJ Schwab 1-5 YR Corp. BND ETF | 0.45% | 31,930 | $795K | New |
| SCHW Schwab (charles) Corp. | 0.37% | 6,621 | $662K | Add +1.1% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.35% | 1,539 | $612K | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.33% | 8,368 | $585K | No change |
| XLI SS Industrial Select Sector | 0.32% | 3,670 | $569K | No change |
| ZTS Zoetis Inc. | 0.32% | 4,489 | $565K | Reduce -12.3% |
| XLP SS Consumer Staples Sel Sect | 0.29% | 4,320 | $516K | Add +100.0% |
| V Visa Inc. Class A | 0.26% | 1,302 | $457K | No change |
| CELH Celsius Holdings Inc. | 0.20% | 7,770 | $355K | New |
| MASI Masimo Corp. | 0.18% | 2,450 | $319K | New |
| XHS SS SPDR S&P HC Services ETF | 0.18% | 2,050 | $317K | No change |
| TXN Texas Instruments Inc. | 0.14% | 1,470 | $255K | No change |
| PEP Pepsico Inc. | 0.14% | 1,710 | $245K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| NFLX Netflix Inc. | Sold out | 0.00% | −1.16 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −1.14 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.05 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.94 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −0.89 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.86 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.78 |
| ESLT Elbit Systems Ltd. | Sold out | 0.00% | −0.76 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.75 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.70 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.65 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.64 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.52 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.51 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.50 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.44 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.41 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.38 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.37 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.31 |
| HD Home Depot Inc. | Reduce -1.5% | 1.73% | −0.19 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.13 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.11 |
| ZTS Zoetis Inc. | Reduce -12.3% | 0.32% | −0.07 |
| HON Honeywell International Inc. | Reduce -10.3% | 0.51% | −0.06 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -0.3% | 0.35% | −0.02 |
| MSFT Microsoft Corp. | Reduce -0.4% | 3.45% | −0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -0.1% | 0.98% | +0.09 |
| WK Workiva Inc. | Reduce -1.9% | 2.30% | +0.12 |
| DHR Danaher Corp. | Reduce -4.2% | 0.79% | +0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 2.32% | +0.13 |
| SCHK Schwab 1000 Index ETF | Reduce -0.1% | 1.54% | +0.14 |
| MA Mastercard Inc. Class A | Reduce -1.9% | 2.63% | +0.14 |
| IWF iShares Russell 1000 Growth | Reduce -0.6% | 2.32% | +0.17 |
| SOXX iShares Semiconductor ETF | Reduce -0.2% | 1.11% | +0.18 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.5% | 2.21% | +0.18 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.5% | 3.10% | +0.27 |
| AMZN Amazon.com Inc. | Reduce -0.5% | 3.15% | +0.35 |
| NVDA Nvidia Corp. | Reduce -0.8% | 9.72% | +0.60 |
| AAPL Apple Inc. | Reduce -0.7% | 5.17% | +0.63 |
| GOOGL Alphabet Inc. Class A | Reduce -0.5% | 5.31% | +1.45 |
Portfolio Buys Q3 2025 → Q4 2025
| VGSH Vanguard Short-Term Treasury | Add +9.7% | 9.80% | +1.47 |
| CRS Carpenter Technology | Add +0.2% | 4.45% | +1.23 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +15.6% | 4.78% | +0.92 |
| TMO Thermo Fisher Scientific Inc. | Add +45.1% | 1.53% | +0.71 |
| ADI Analog Devices Inc. | New | 0.61% | +0.61 |
| JNJ Johnson & Johnson | New | 0.61% | +0.61 |
| ITW Illinois Tool Works | New | 0.55% | +0.55 |
| VOO Vanguard S&P 500 ETF | Add +5.4% | 3.98% | +0.55 |
| IQLT iShares MSCI International Q | Add +0.6% | 5.45% | +0.51 |
| SCHJ Schwab 1-5 YR Corp. BND ETF | New | 0.45% | +0.45 |
| VIG Vanguard Dividend Apprec ETF | Add +30.3% | 0.82% | +0.24 |
| VGT Vanguard Info Tech ETF | Add +2.8% | 2.36% | +0.24 |
| WMT Walmart Inc. | Add +0.8% | 1.46% | +0.21 |
| CELH Celsius Holdings Inc. | New | 0.20% | +0.20 |
| MASI Masimo Corp. | New | 0.18% | +0.18 |
| VSGX Vanguard ESG Intl Stock ETF | Add +3.4% | 1.40% | +0.18 |
| CAT Caterpillar Inc. | Add +3.1% | 0.48% | +0.12 |
| WM Waste Management Inc. | Add +0.7% | 1.32% | +0.09 |
| RS Reliance Inc. | Add +1.7% | 0.84% | +0.09 |
| AVGO Broadcom Inc. | Add +5.7% | 0.48% | +0.08 |
| GE General Electric | Add +6.7% | 0.46% | +0.07 |
| CASY Casey's General Stores Inc. | Add +0.3% | 1.25% | +0.06 |
| UNP Union Pacific Corp. | Add +2.0% | 0.88% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +1.1% | 0.37% | +0.04 |
| RRC Range Resources Corp. | Add +3.7% | 0.92% | +0.04 |
| XLP SS Consumer Staples Sel Sect | Add +100.0% | 0.29% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 65 | $201.5M | VGSH, NVDA, CRS, IQLT, GOOGL |
| Q1 2026 | 46 | $152.9M | VGSH, NVDA, CRS, IQLT, GOOGL |
| Q4 2025 | 55 | $177.0M | VGSH, NVDA, IQLT, GOOGL, AAPL |
| Q3 2025 | 71 | $190.1M | NVDA, VGSH, IQLT, AAPL, GOOGL |
| Q2 2025 | 46 | $140.4M | NVDA, VGSH, CRS, AAPL, VOO |
| Q1 2025 | 49 | $136.2M | VOO, IQLT, NVDA, VUG, VTV |
| Q4 2024 | 39 | $145.3M | NVDA, IQLT, VUG, VOO, VTV |
| Q3 2024 | 40 | $139.9M | NVDA, VOO, IQLT, VUG, AAPL |
| Q2 2024 | 41 | $133.0M | NVDA, VOO, IQLT, VUG, AAPL |
| Q1 2024 | 42 | $106.6M | NVDA, AAPL, MSFT, WK, IQLT |