Peak Asset Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Peak Asset Management, LLC reported 148 stock positions worth $572.8 million. Its top holding was Microsoft (MSFT) at 5.3% of the portfolio, followed by Apple (AAPL, 5.2%) and Alphabet Class A (GOOGL, 4.6%). Compared with Q2 2025, it opened 6 new positions, sold out of 6, added to 28 and reduced 62. The biggest buy was a new position in T Rowe PRC Cap Appreciation (TCAF) and the biggest sale Booking (BKNG, shares −0%).

Most Recent 13F
Q2 2026
Location
LOUISVILLE, CO
CIK
0001632512
Portfolio Value
$572.8M (Q3 2025)
SEC Filing
0001062993-25-016725 ↗ filed Nov 13, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $504.9M Q1 2024 Q2 2024: $510.6M Q2 2024 Q3 2024: $530.6M Q3 2024 Q4 2024: $540.5M Q4 2024 Q1 2025: $525.4M Q1 2025 Q2 2025: $545.7M Q2 2025 Q3 2025: $572.8M $572.8M Q3 2025 Q4 2025: $587.4M Q4 2025 Q1 2026: $566.8M Q1 2026 Q2 2026: $680.2M Q2 2026

Holdings 148 stocks · $572.8M
MSFT Microsoft Corp. 5.32% 58,868 $30.5M Reduce -1.9%
AAPL Apple Inc. 5.23% 117,609 $29.9M Reduce -0.4%
GOOGL Alphabet Inc. Class A 4.56% 107,414 $26.1M Reduce -2.3%
JPM JPMorgan Chase & Co. 4.40% 79,880 $25.2M Reduce -0.8%
VGSH Vanguard Short-Term Treasury 3.75% 364,778 $21.5M Add +5.1%
BILS SS Spdrb B 3-12M T-Bill ETF 3.59% 206,707 $20.6M Add +3.9%
ORCL Oracle Corp. 3.53% 71,919 $20.2M Reduce -6.6%
V Visa Inc. Class A 3.22% 53,994 $18.4M Add +0.6%
SPGI S&P Global Inc. 3.21% 37,818 $18.4M Add +1.0%
SYK Stryker Corp. 3.15% 48,874 $18.1M Add +0.6%
RSP Invesco S&P 500 Equal Weight 2.99% 90,294 $17.1M Reduce -1.7%
CSCO Cisco Systems Inc. 2.94% 246,377 $16.9M Add +0.2%
EMR Emerson Electric Co. 2.69% 117,526 $15.4M Reduce -0.6%
AVUV Avantis US Small Cap Value 2.65% 152,375 $15.2M Add +3.0%
BKNG Booking Holdings Inc. 2.63% 2,791 $15.1M Reduce -0.1%
PCAR Paccar Inc. 2.53% 147,558 $14.5M Add +1.8%
FTNT Fortinet Inc. 2.30% 156,920 $13.2M Add +17.9%
PJP Invesco Pharmaceuticals ETF 2.21% 137,131 $12.7M Add +0.7%
VGLT Vanguard Long-Term Treasury 2.05% 206,095 $11.7M Add +1.0%
QQQ Invesco QQQ Trust Series 1 2.01% 19,220 $11.5M Add +1.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.93% 96,553 $11.1M Add +0.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.82% 15,645 $10.4M Reduce -1.0%
VOO Vanguard S&P 500 ETF 1.58% 14,800 $9.1M Add +3.5%
AVNM Avantis All Intl MKTS Eq ETF 1.44% 116,474 $8.2M Add +5.9%
COP Conocophillips 1.23% 74,300 $7.0M Add +2.9%
IVV iShares Core S&P 500 ETF 1.00% 8,541 $5.7M Reduce -4.3%
AMZN Amazon.com Inc. 0.97% 25,338 $5.6M Add +0.4%
MDY State Street SPDR S&P Midcap 0.95% 9,112 $5.4M Reduce -3.1%
CVX Chevron Corp. 0.84% 31,145 $4.8M Reduce -0.5%
MA Mastercard Inc. Class A 0.77% 7,706 $4.4M Reduce -0.1%
AVEM Avantis Emerging Markets Eq 0.74% 56,518 $4.2M Add +0.2%
IWM iShares Russell 2000 ETF 0.71% 16,705 $4.0M Reduce -1.2%
VNLA Janus Henderson Short Durati 0.69% 79,700 $3.9M Add +12.4%
COST Costco Wholesale Corp. 0.63% 3,913 $3.6M Add +0.4%
PG The Procter & Gamble Co. 0.63% 23,332 $3.6M Reduce -4.1%
MDT Medtronic PLC 0.59% 35,410 $3.4M Reduce -2.8%
KMI Kinder Morgan Inc. 0.59% 118,383 $3.4M Reduce -4.2%
UNP Union Pacific Corp. 0.58% 14,121 $3.3M Reduce -1.6%
ORLY O'reilly Automotive Inc. 0.54% 28,885 $3.1M Reduce -0.1%
ECL Ecolab Inc. 0.52% 10,958 $3.0M Reduce -1.4%
SHY iShares 1-3 Year Treasury Bo 0.52% 35,846 $3.0M Add +6.1%
APH Amphenol Corp. Class A 0.51% 23,670 $2.9M Reduce -1.5%
UBER Uber Technologies Inc. 0.48% 27,801 $2.7M Add +9.8%
AMAT Applied Materials Inc. 0.46% 13,008 $2.7M Add +18.0%
AVGO Broadcom Inc. 0.44% 7,646 $2.5M Reduce -6.7%
RSG Republic Services Inc. 0.44% 10,987 $2.5M Reduce -0.9%
WFC Wells Fargo & Co. 0.40% 27,491 $2.3M Reduce -1.5%
GLNG Golar LNG Ltd. 0.40% 56,350 $2.3M No change
BRK.A Berkshire Hathaway Inc. Class A 0.40% 3 $2.3M Reduce -40.0%
TMO Thermo Fisher Scientific Inc. 0.39% 4,621 $2.2M Reduce -1.8%
JNJ Johnson & Johnson 0.39% 11,998 $2.2M No change
SDY SS SPDR S&P Dividend ETF 0.36% 14,787 $2.1M Reduce -1.2%
GOOG Alphabet Inc. Class C 0.36% 8,378 $2.0M Reduce -3.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.34% 6,657 $2.0M Reduce -1.6%
VB Vanguard Most SM-Cap ETF-Usd 0.34% 7,649 $1.9M No change
XOM Exxon Mobil Corp. 0.34% 17,214 $1.9M Reduce -1.4%
ABT Abbott Laboratories 0.33% 13,917 $1.9M Reduce -1.9%
NVDA Nvidia Corp. 0.32% 9,699 $1.8M No change
SWK Stanley Black & Decker Inc. 0.29% 22,733 $1.7M No change
TCAF T Rowe PRC Cap Appreciation 0.29% 44,039 $1.7M New
IJR iShares Core S&P Small-Cap E 0.28% 13,640 $1.6M Reduce -2.1%
INTU Intuit Inc. 0.28% 2,345 $1.6M No change
MRK Merck & Co. Inc. 0.27% 18,245 $1.5M Reduce -4.3%
BMY Bristol-Myers Squibb Co. 0.26% 32,897 $1.5M Reduce -12.3%
PEP Pepsico Inc. 0.25% 10,050 $1.4M Reduce -1.7%
ACN Accenture PLC Class A 0.23% 5,404 $1.3M Reduce -38.9%
ADBE Adobe Inc. 0.23% 3,764 $1.3M Reduce -16.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.23% 37,776 $1.3M Reduce -3.5%
GBIL Goldman Sachs Access Treasur 0.21% 11,898 $1.2M Add +374.4%
VTI VG Morningstar TS MKT ETF-US 0.20% 3,563 $1.2M Reduce -1.6%
QCOM Qualcomm Inc. 0.19% 6,538 $1.1M Reduce -0.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 3,323 $938K Reduce -5.0%
CSD Invesco S&P Spin-Off ETF 0.16% 9,931 $925K No change
KO The Coca-Cola Co. 0.16% 13,917 $923K No change
META Meta Platforms Inc. Class A 0.15% 1,202 $883K No change
LOW Lowe's Cos Inc. 0.15% 3,441 $865K No change
SMH Vaneck Semiconductor ETF 0.14% 2,454 $801K Add +0.8%
TSM Taiwan Semiconductor-SP ADR 0.14% 2,865 $800K Reduce -2.9%
EFA iShares MSCI Eafe ETF 0.14% 8,405 $785K No change
IEI iShares 3-7 Year Treasury Bo 0.13% 6,322 $756K Reduce -1.1%
PGR Progressive Corp. 0.13% 2,962 $731K No change
MINT PIMCO Enhanced Short Maturit 0.12% 6,860 $691K No change
UNH Unitedhealth Group Inc. 0.12% 1,942 $671K Reduce -61.9%
PFE Pfizer Inc. 0.12% 26,311 $670K Reduce -8.5%
SNOW Snowflake Inc. 0.11% 2,900 $654K No change
GE General Electric filed as GE AEROSPACE 0.11% 2,085 $627K Reduce -1.2%
BIL SS SPDR BB 1-3M T-Bill ETF 0.10% 6,475 $594K Add +120.0%
VEA Vanguard Ftse Developed ETF 0.10% 9,731 $583K Reduce -1.8%
QLTY GMO U.S. Quality ETF 0.10% 16,054 $581K New
VWO Vanguard Ftse Emerging Marke 0.10% 10,688 $579K Reduce -2.2%
AMTM Amentum Holdings Inc. 0.10% 24,000 $575K No change
GLW Corning Inc. 0.10% 6,775 $556K No change
LH Labcorp Holdings Inc. 0.10% 1,917 $550K No change
TRV The Travelers Cos Inc. 0.09% 1,869 $522K No change
DE Deere & Co. 0.09% 1,110 $508K No change
XLE SS Energy Select Sector 0.09% 5,531 $494K No change
MMM 3M Co. 0.08% 3,101 $481K Reduce -1.9%
EW Edwards Lifesciences Corp. 0.08% 6,178 $480K Reduce -2.6%
WMT Walmart Inc. 0.08% 4,640 $478K Reduce -15.0%
CHD Church & Dwight Co. Inc. 0.08% 5,436 $476K Reduce -0.9%

Show all 148 holdings

Options reported separately and not counted above: UNH calls ($35K), VFC calls ($29K).

Portfolio Sells Q2 2025 → Q3 2025
BKNG Booking Holdings Inc. Reduce -0.1% 2.63% −0.33
BRK.A Berkshire Hathaway Inc. Class A Reduce -40.0% 0.40% −0.27
ACN Accenture PLC Class A Reduce -38.9% 0.23% −0.25
EMR Emerson Electric Co. Reduce -0.6% 2.69% −0.20
UNH Unitedhealth Group Inc. Reduce -61.9% 0.12% −0.17
MSFT Microsoft Corp. Reduce -1.9% 5.32% −0.15
BDX Becton Dickinson and Co. Sold out 0.00% −0.12
FCTE Smi 3FOURTEEN Full-CYCL TRND Sold out 0.00% −0.09
ADBE Adobe Inc. Reduce -16.1% 0.23% −0.09
PG The Procter & Gamble Co. Reduce -4.1% 0.63% −0.08
KMI Kinder Morgan Inc. Reduce -4.2% 0.59% −0.08
RSP Invesco S&P 500 Equal Weight Reduce -1.7% 2.99% −0.07
VUSB Vanguard Ultra Short Bond Et Reduce -52.1% 0.05% −0.06
RSG Republic Services Inc. Reduce -0.9% 0.44% −0.06
BMY Bristol-Myers Squibb Co. Reduce -12.3% 0.26% −0.06
SO The Southern Co. Sold out 0.00% −0.05
TGNA Tegna Inc. Sold out 0.00% −0.05
ETN Eaton Corp. PLC Sold out 0.00% −0.05
SBUX Starbucks Corp. Sold out 0.00% −0.04
HON Honeywell International Inc. Reduce -21.4% 0.07% −0.03
MA Mastercard Inc. Class A Reduce -0.1% 0.77% −0.03
ABT Abbott Laboratories Reduce -1.9% 0.33% −0.03
MDY State Street SPDR S&P Midcap Reduce -3.1% 0.95% −0.03
IBM Intl Business Machines Corp. Reduce -5.0% 0.16% −0.03
ECL Ecolab Inc. Reduce -1.4% 0.52% −0.02
TXN Texas Instruments Inc. Reduce -8.1% 0.08% −0.02
UNP Union Pacific Corp. Reduce -1.6% 0.58% −0.02
IVV iShares Core S&P 500 ETF Reduce -4.3% 1.00% −0.02
SLB SLB Ltd. Reduce -3.5% 0.23% −0.02
WMT Walmart Inc. Reduce -15.0% 0.08% −0.01
CHD Church & Dwight Co. Inc. Reduce -0.9% 0.08% −0.01
PFE Pfizer Inc. Reduce -8.5% 0.12% −0.01
SDY SS SPDR S&P Dividend ETF Reduce -1.2% 0.36% −0.01
NET Cloudflare Inc. Class A Reduce -18.8% 0.06% −0.01
SCHF Schwab Intl Equity ETF Reduce -20.7% 0.04% −0.01
ZTS Zoetis Inc. Reduce -4.2% 0.06% −0.01
MRK Merck & Co. Inc. Reduce -4.3% 0.27% −0.01
IEI iShares 3-7 Year Treasury Bo Reduce -1.1% 0.13% −0.01
WFC Wells Fargo & Co. Reduce -1.5% 0.40% −0.01
EW Edwards Lifesciences Corp. Reduce -2.6% 0.08% −0.01
XOM Exxon Mobil Corp. Reduce -1.4% 0.34% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.6% 0.34% −0.01
MMM 3M Co. Reduce -1.9% 0.08% −0.00
BAC Bank of America Corp. Reduce -8.1% 0.05% −0.00
QCOM Qualcomm Inc. Reduce -0.4% 0.19% −0.00
VEA Vanguard Ftse Developed ETF Reduce -1.8% 0.10% −0.00
USB US Bancorp Reduce -3.3% 0.07% −0.00
PEP Pepsico Inc. Reduce -1.7% 0.25% −0.00
HD Home Depot Inc. Reduce -5.5% 0.07% −0.00
TASEKO MINES LTD Reduce -16.7% 0.01% +0.00

Portfolio Buys Q2 2025 → Q3 2025
TCAF T Rowe PRC Cap Appreciation New 0.29% +0.29
PJP Invesco Pharmaceuticals ETF Add +0.7% 2.21% +0.22
AVUV Avantis US Small Cap Value Add +3.0% 2.65% +0.18
GBIL Goldman Sachs Access Treasur Add +374.4% 0.21% +0.16
AVNM Avantis All Intl MKTS Eq ETF Add +5.9% 1.44% +0.12
QQQ Invesco QQQ Trust Series 1 Add +1.9% 2.01% +0.11
QLTY GMO U.S. Quality ETF New 0.10% +0.10
AMAT Applied Materials Inc. Add +18.0% 0.46% +0.10
VOO Vanguard S&P 500 ETF Add +3.5% 1.58% +0.09
SSB Southstate Bank Corp. New 0.07% +0.07
BIL SS SPDR BB 1-3M T-Bill ETF Add +120.0% 0.10% +0.05
VNLA Janus Henderson Short Durati Add +12.4% 0.69% +0.05
UBER Uber Technologies Inc. Add +9.8% 0.48% +0.04
COP Conocophillips Add +2.9% 1.23% +0.04
GEV GE Vernova Inc. New 0.04% +0.04
XLY SS Consumer Disc Select Sect New 0.04% +0.04
ES Eversource Energy New 0.04% +0.04
AVEM Avantis Emerging Markets Eq Add +0.2% 0.74% +0.03
SMH Vaneck Semiconductor ETF Add +0.8% 0.14% +0.02
VGSH Vanguard Short-Term Treasury Add +5.1% 3.75% +0.01
PCAR Paccar Inc. Add +1.8% 2.53% +0.01
SHY iShares 1-3 Year Treasury Bo Add +6.1% 0.52% +0.01
SPYG SS SPDR P S&P 500 Growth ETF Add +3.8% 0.05% +0.00
SCHX Schwab US Large-Cap ETF Add +0.3% 0.08% +0.00
BILS SS Spdrb B 3-12M T-Bill ETF Add +3.9% 3.59% −0.03
AMZN Amazon.com Inc. Add +0.4% 0.97% −0.04
VGLT Vanguard Long-Term Treasury Add +1.0% 2.05% −0.05
COST Costco Wholesale Corp. Add +0.4% 0.63% −0.07
CSCO Cisco Systems Inc. Add +0.2% 2.94% −0.18
DIS The Walt Disney Co. Add +0.8% 1.93% −0.25
FTNT Fortinet Inc. Add +17.9% 2.30% −0.28
V Visa Inc. Class A Add +0.6% 3.22% −0.28
SYK Stryker Corp. Add +0.6% 3.15% −0.37
SPGI S&P Global Inc. Add +1.0% 3.21% −0.40

Options Activity Q2 2025 → Q3 2025
UNH Unitedhealth Group Inc. call Reduce -50.0% 100 $35K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 181$680.2MAAPL, GOOGL, CSCO, JPM, MSFT
Q1 2026 147$566.8MAAPL, GOOGL, JPM, VGSH, MSFT
Q4 2025 152$587.4MGOOGL, AAPL, MSFT, JPM, VGSH
Q3 2025 148$572.8MMSFT, AAPL, GOOGL, JPM, VGSH
Q2 2025 148$545.7MMSFT, AAPL, JPM, VGSH, BILS
Q1 2025 146$525.4MAAPL, MSFT, JPM, BILS, SPGI
Q4 2024 147$540.5MAAPL, MSFT, GOOGL, JPM, SPGI
Q3 2024 150$530.6MAAPL, MSFT, SPGI, ORCL, JPM
Q2 2024 147$510.6MMSFT, AAPL, GOOGL, SPGI, JPM
Q1 2024 146$504.9MMSFT, AAPL, SYK, JPM, SPGI