Pacific Heights Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Pacific Heights Asset Management LLC reported 71 stock positions worth $1.5 billion. Its top holding was Texas Pacific Land (TPL) at 14.9% of the portfolio, followed by Palantir Technologies Class A (PLTR, 8.5%) and Meta Platforms Class A (META, 5.7%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 34 and reduced 14. The biggest buy was Palantir Technologies Class A (PLTR, shares +993%) and the biggest sale Ovintiv (OVV, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001323414
- Portfolio Value
- $1.5B (Q1 2025)
- SEC Filing
- 0000950123-25-003805 ↗ filed Apr 29, 2025
Holdings Value
Holdings 71 stocks · $1.5B
| TPL Texas Pacific Land Corp. | 14.89% | 165,000 | $218.6M | No change |
| PLTR Palantir Technologies Inc. Class A | 8.48% | 1,475,000 | $124.5M | Add +992.6% |
| META Meta Platforms Inc. Class A | 5.69% | 145,000 | $83.6M | Reduce -19.4% |
| NVDA Nvidia Corp. | 5.61% | 760,000 | $82.4M | Add +126.9% |
| FCX Freeport-McMoran Inc. | 5.61% | 2,175,000 | $82.3M | Add +0.2% |
| COST Costco Wholesale Corp. | 3.35% | 52,000 | $49.2M | Reduce -8.8% |
| AVGO Broadcom Inc. | 2.22% | 195,000 | $32.6M | Reduce -11.4% |
| PH Parker Hannifin Corp. | 2.19% | 53,000 | $32.2M | Reduce -32.0% |
| CVX Chevron Corp. | 1.99% | 175,000 | $29.3M | No change |
| LMT Lockheed Martin Corp. | 1.64% | 54,000 | $24.1M | Reduce -64.7% |
| AMT American Tower Corp. | 1.48% | 100,000 | $21.8M | Add +42.9% |
| MS Morgan Stanley | 1.47% | 185,000 | $21.6M | Reduce -59.8% |
| XOM Exxon Mobil Corp. | 1.42% | 175,000 | $20.8M | No change |
| CCJ Cameco Corp. | 1.40% | 500,000 | $20.6M | No change |
| PLD Prologis Inc. | 1.33% | 175,000 | $19.6M | Add +40.0% |
| V Visa Inc. Class A | 1.26% | 53,000 | $18.6M | No change |
| ESS Essex Property Trust Inc. | 1.25% | 60,000 | $18.4M | No change |
| AMGN Amgen Inc. | 1.25% | 59,000 | $18.4M | Add +1.7% |
| COP Conocophillips | 1.25% | 175,000 | $18.4M | No change |
| RIO Rio Tinto PLC-Spon ADR | 1.23% | 300,000 | $18.0M | Add +300.0% |
| APD Air Products & Chemicals Inc. | 1.21% | 60,000 | $17.7M | Add +3.5% |
| WSM Williams-Sonoma Inc. | 1.18% | 110,000 | $17.4M | No change |
| SPG Simon Property Group Inc. | 1.13% | 100,000 | $16.6M | Reduce -80.0% |
| UBER Uber Technologies Inc. | 1.09% | 220,000 | $16.0M | No change |
| ITW Illinois Tool Works | 1.06% | 63,000 | $15.6M | No change |
| ADSK Autodesk Inc. | 1.05% | 59,000 | $15.4M | Add +1.7% |
| LEN Lennar Corp. Class A | 1.04% | 133,000 | $15.3M | Add +121.7% |
| DVN Devon Energy Corp. | 1.02% | 400,000 | $15.0M | No change |
| SCHW Schwab (charles) Corp. | 1.00% | 188,000 | $14.7M | Add +70.9% |
| FDX FedEx Corp. | 1.00% | 60,000 | $14.6M | Add +1.7% |
| BHP BHP Group Ltd.-Spon ADR | 0.99% | 300,000 | $14.6M | Add +20.0% |
| AFRM Affirm Holdings Inc. | 0.98% | 320,000 | $14.5M | Add +1.6% |
| DLR Digital Realty Trust Inc. | 0.98% | 100,000 | $14.3M | Add +33.3% |
| CNQ Canadian Natural Resources | 0.94% | 450,000 | $13.9M | No change |
| OXY Occidental Petroleum Corp. | 0.92% | 275,000 | $13.6M | Add +175.0% |
| CSR Centerspace | 0.88% | 200,000 | $12.9M | No change |
| AVB Avalonbay Communities Inc. | 0.88% | 60,000 | $12.9M | No change |
| MUR Murphy Oil Corp. | 0.87% | 450,000 | $12.8M | Add +350.0% |
| NUE Nucor Corp. | 0.86% | 105,000 | $12.6M | Reduce -32.3% |
| OVV Ovintiv Inc. | 0.80% | 275,000 | $11.8M | Reduce -81.8% |
| R Ryder System Inc. | 0.78% | 80,000 | $11.5M | Reduce -55.6% |
| VNOM Viper Energy Inc. | 0.77% | 250,000 | $11.3M | No change |
| REG Regency Centers Corp. | 0.75% | 150,000 | $11.1M | Reduce -40.0% |
| CP Canadian Pacific Kansas City | 0.75% | 157,000 | $11.0M | Add +1.3% |
| NTR Nutrien Ltd. | 0.74% | 220,000 | $10.9M | Reduce -73.0% |
| FRT Federal Realty Invs Trust | 0.67% | 100,000 | $9.8M | No change |
| BIREF Birchcliff Energy Ltd. | 0.66% | 2,100,000 | $9.7M | No change |
| PSX Phillips 66 | 0.63% | 75,000 | $9.3M | Reduce -50.0% |
| MRP Millrose Properties | 0.60% | 330,000 | $8.7M | Add +1000.0% |
| BP BP PLC-Spons ADR | 0.58% | 250,000 | $8.4M | Add +11.1% |
| OUT Outfront Media Inc. | 0.55% | 500,000 | $8.1M | Add +127.7% |
| DINO HF Sinclair Corp. | 0.54% | 240,000 | $7.9M | Add +9.1% |
| A Agilent Technologies Inc. | 0.52% | 65,000 | $7.6M | Add +1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.50% | 75,000 | $7.4M | Add +7.1% |
| FLR Fluor Corp. | 0.49% | 200,000 | $7.2M | Add +8.1% |
| BXP BXP Inc. | 0.46% | 100,000 | $6.7M | Add +66.7% |
| WYNN WYNN Resorts Ltd. | 0.44% | 77,000 | $6.4M | Add +10.0% |
| KIM Kimco Realty Corp. | 0.43% | 300,000 | $6.4M | Add +140.0% |
| APA Apa Corp. | 0.43% | 300,000 | $6.3M | Add +20.0% |
| WY Weyerhaeuser Co. | 0.40% | 200,000 | $5.9M | Add +33.3% |
| UDR Udr Inc. | 0.38% | 125,000 | $5.6M | No change |
| STT State Street Corp. | 0.37% | 60,000 | $5.4M | Add +9.1% |
| SOUHY SOUTH32 - ADR | 0.34% | 500,000 | $5.1M | Add +1011.1% |
| ALB Albemarle Corp. | 0.34% | 70,000 | $5.0M | Add +7.7% |
| VALE Vale SA-SP ADR | 0.34% | 500,000 | $5.0M | Add +25.0% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.32% | 250,000 | $4.7M | No change |
| STAG Stag Industrial Inc. | 0.31% | 125,000 | $4.5M | New |
| HIW Highwoods Properties Inc. | 0.30% | 150,000 | $4.4M | No change |
| IPGP Ipg Photonics Corp. | 0.28% | 65,000 | $4.1M | Reduce -78.6% |
| VNO Vornado Realty Trust | 0.25% | 100,000 | $3.7M | No change |
| ALEX Alexander & Baldwin Inc. | 0.15% | 125,000 | $2.2M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 100,000 | $2.8M | Reduce -75.0% |
Total filed on the 13F, all lines: $1.5B.
Portfolio Sells Q4 2024 → Q1 2025
| OVV Ovintiv Inc. | Reduce -81.8% | 0.80% | −7.02 |
| NTR Nutrien Ltd. | Reduce -73.0% | 0.74% | −6.67 |
| LMT Lockheed Martin Corp. | Reduce -64.7% | 1.64% | −4.48 |
| AVGO Broadcom Inc. | Reduce -11.4% | 2.22% | −1.27 |
| PSX Phillips 66 | Reduce -50.0% | 0.63% | −0.46 |
| INTC Intel Corp. | Sold out | 0.00% | −0.30 |
| REG Regency Centers Corp. | Reduce -40.0% | 0.75% | −0.25 |
| COST Costco Wholesale Corp. | Reduce -8.8% | 3.35% | −0.23 |
| IPGP Ipg Photonics Corp. | Reduce -78.6% | 0.28% | −0.22 |
| R Ryder System Inc. | Reduce -55.6% | 0.78% | −0.16 |
| NUE Nucor Corp. | Reduce -32.3% | 0.86% | +0.36 |
| MS Morgan Stanley | Reduce -59.8% | 1.47% | +0.45 |
| SPG Simon Property Group Inc. | Reduce -80.0% | 1.13% | +0.77 |
| PH Parker Hannifin Corp. | Reduce -32.0% | 2.19% | +1.48 |
| META Meta Platforms Inc. Class A | Reduce -19.4% | 5.69% | +3.98 |
Portfolio Buys Q4 2024 → Q1 2025
| PLTR Palantir Technologies Inc. Class A | Add +992.6% | 8.48% | +5.47 |
| NVDA Nvidia Corp. | Add +126.9% | 5.61% | +4.13 |
| OXY Occidental Petroleum Corp. | Add +175.0% | 0.92% | +0.74 |
| PLD Prologis Inc. | Add +40.0% | 1.33% | +0.70 |
| AMT American Tower Corp. | Add +42.9% | 1.48% | +0.60 |
| MRP Millrose Properties | Add +1000.0% | 0.60% | +0.54 |
| RIO Rio Tinto PLC-Spon ADR | Add +300.0% | 1.23% | +0.42 |
| STAG Stag Industrial Inc. | New | 0.31% | +0.31 |
| SOUHY SOUTH32 - ADR | Add +1011.1% | 0.34% | +0.24 |
| AMGN Amgen Inc. | Add +1.7% | 1.25% | +0.22 |
| BHP BHP Group Ltd.-Spon ADR | Add +20.0% | 0.99% | +0.15 |
| BXP BXP Inc. | Add +66.7% | 0.46% | +0.15 |
| BP BP PLC-Spons ADR | Add +11.1% | 0.58% | +0.12 |
| WY Weyerhaeuser Co. | Add +33.3% | 0.40% | +0.11 |
| VALE Vale SA-SP ADR | Add +25.0% | 0.34% | +0.10 |
| MUR Murphy Oil Corp. | Add +350.0% | 0.87% | +0.07 |
| DLR Digital Realty Trust Inc. | Add +33.3% | 0.98% | +0.06 |
| APD Air Products & Chemicals Inc. | Add +3.5% | 1.21% | +0.05 |
| APA Apa Corp. | Add +20.0% | 0.43% | +0.03 |
| WYNN WYNN Resorts Ltd. | Add +10.0% | 0.44% | +0.02 |
| DINO HF Sinclair Corp. | Add +9.1% | 0.54% | +0.01 |
| STT State Street Corp. | Add +9.1% | 0.37% | −0.00 |
| CP Canadian Pacific Kansas City | Add +1.3% | 0.75% | −0.02 |
| DIS The Walt Disney Co. | Add +7.1% | 0.50% | −0.03 |
| ALB Albemarle Corp. | Add +7.7% | 0.34% | −0.04 |
| FCX Freeport-McMoran Inc. | Add +0.2% | 5.61% | −0.06 |
| A Agilent Technologies Inc. | Add +1.6% | 0.52% | −0.07 |
| OUT Outfront Media Inc. | Add +127.7% | 0.55% | −0.08 |
| ADSK Autodesk Inc. | Add +1.7% | 1.05% | −0.12 |
| FLR Fluor Corp. | Add +8.1% | 0.49% | −0.14 |
| FDX FedEx Corp. | Add +1.7% | 1.00% | −0.14 |
| SCHW Schwab (charles) Corp. | Add +70.9% | 1.00% | −0.23 |
| AFRM Affirm Holdings Inc. | Add +1.6% | 0.98% | −0.33 |
| KIM Kimco Realty Corp. | Add +140.0% | 0.43% | −0.73 |
| LEN Lennar Corp. Class A | Add +121.7% | 1.04% | −0.84 |
Notes & Other Activity Q4 2024 → Q1 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -75.0% | 100,000 | $2.8M |
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 | 77 | $3.2B | TPL, NVDA, FCX, PLTR, META |
| Q1 2026 | 77 | $3.0B | TPL, PLTR, FCX, NVDA, META |
| Q4 2025 | 78 | $2.7B | PLTR, TPL, NVDA, FCX, META |
| Q3 2025 | 78 | $2.3B | PLTR, TPL, NVDA, META, FCX |
| Q2 2025 | 77 | $1.9B | PLTR, TPL, NVDA, META, FCX |
| Q1 2025 | 71 | $1.5B | TPL, PLTR, META, NVDA, FCX |
| Q4 2024 | 70 | $1.5B | TPL, OVV, NTR, LMT, FCX |
| Q3 2024 | 70 | $1.3B | TPL, FCX, NVDA, META, PLTR |
| Q2 2024 | 71 | $1.3B | TPL, NVDA, FCX, META, COST |
| Q1 2024 | 71 | $1.2B | FCX, TPL, NVDA, META, COST |