Philip James Wealth Mangement, LLC

Name: Philip James Wealth Mangement, LLC 13F holdings, Q4 2025
Creator: Philip James Wealth Mangement, LLC
Published: 2026-01-20

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Philip James Wealth Mangement, LLC reported 169 stock positions worth $839.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 26.2% of the portfolio, followed by Exxon Mobil (XOM, 6.6%) and Qualcomm (QCOM, 3.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 9, added to 67 and reduced 82. The biggest buy was Chubb (CB, shares +26%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −1%).

Most Recent 13F: Q2 2026
Location: MILTON, GA
CIK: 0002002630
Portfolio Value: $839.4M (Q4 2025)
SEC Filing: 0002002630-26-000001 ↗ filed Jan 20, 2026

Holdings Value

Holdings 169 stocks · $839.4M


BRK.B Berkshire Hathaway Inc. Class B	26.23%	438,054	$220.2M	Reduce -0.9%
XOM Exxon Mobil Corp.	6.63%	462,810	$55.7M	Reduce -0.4%
QCOM Qualcomm Inc.	3.22%	157,827	$27.0M	Reduce -1.1%
INTC Intel Corp.	3.06%	695,834	$25.7M	Reduce -5.3%
CB Chubb Ltd.	2.39%	64,200	$20.0M	Add +26.4%
MRK Merck & Co. Inc.	2.32%	184,977	$19.5M	Reduce -3.6%
JNJ Johnson & Johnson	2.10%	85,015	$17.6M	Reduce -0.8%
OXY Occidental Petroleum Corp.	2.04%	415,493	$17.1M	Add +13.4%
VTI VG Morningstar TS MKT ETF-US	1.85%	46,234	$15.5M	Add +0.9%
RKT Rocket Cos Inc. Class A	1.74%	755,558	$14.6M	Add +0.5%
DGRO iShares Core Dividend Growth	1.56%	189,191	$13.1M	Reduce -0.0%
HELO JPMorgan Hedged Equity ETF	1.54%	195,139	$13.0M	Add +2.2%
MOAT Vaneck Morningstar Wide Moat	1.48%	119,634	$12.4M	Add +1.3%
MO Altria Group Inc.	1.42%	206,156	$11.9M	Reduce -0.6%
GIS General Mills Inc.	1.38%	249,616	$11.6M	Add +19.9%
PEP Pepsico Inc.	1.38%	80,447	$11.5M	Reduce -1.8%
PFE Pfizer Inc.	1.21%	407,210	$10.1M	Reduce -1.3%
CVX Chevron Corp.	1.21%	66,489	$10.1M	Add +30.1%
ITAN Sparkline Intangible Val ETF	1.18%	268,087	$9.9M	Add +1.7%
FTLS First Trust Long/Short Eqty	1.12%	132,565	$9.4M	Add +0.8%
JCPB JPMorgan Core Plus Bond ETF	1.11%	196,473	$9.3M	Reduce -1.4%
JPST JPMorgan Ultra-Short Income	1.10%	182,687	$9.2M	Reduce -7.1%
BTI British American Tob-SP ADR	1.07%	159,013	$9.0M	Reduce -0.7%
VONG Vanguard Russell 1000 Growth	0.99%	68,057	$8.3M	Add +0.4%
BABA Alibaba Group Holding-SP ADR	0.98%	56,138	$8.2M	Reduce -4.3%
DTAN Sparkline Intl Int Value ETF	0.97%	259,433	$8.1M	Add +2.0%
CTA Simplify Managed Futures St	0.96%	296,881	$8.1M	Add +1.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.94%	143,214	$7.9M	Reduce -3.2%
FDX FedEx Corp.	0.87%	25,237	$7.3M	Reduce -2.0%
WCMI FT WCM International ETF	0.81%	399,407	$6.8M	Add +0.4%
COP Conocophillips	0.79%	71,230	$6.7M	Reduce -3.3%
INFL Horizon Kinetics Infl Benef	0.78%	148,013	$6.6M	Add +2.5%
FTCB FT Core Investment Grade ETF	0.73%	288,237	$6.1M	Reduce -2.3%
UCON First Trust Smith Unconstrai	0.72%	238,576	$6.0M	Add +1.3%
ALLY Ally Financial Inc.	0.70%	130,651	$5.9M	Reduce -6.6%
DVN Devon Energy Corp.	0.70%	161,368	$5.9M	Add +43.8%
AAPL Apple Inc.	0.67%	20,602	$5.6M	Reduce -2.8%
DEO Diageo PLC-Sponsored ADR	0.63%	61,492	$5.3M	Add +31.4%
PAYC Paycom Software Inc.	0.61%	31,940	$5.1M	Add +25.6%
HSY The Hershey Co.	0.55%	25,341	$4.6M	Reduce -0.3%
LLY Eli Lilly & Co.	0.55%	4,287	$4.6M	Reduce -4.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.55%	15,533	$4.6M	Reduce -3.5%
NAT Nordic American Tankers Ltd.	0.54%	1,317,013	$4.5M	Reduce -0.1%
BF.B Brown-Forman Corp. Class B	0.49%	156,621	$4.1M	Add +50.4%
USB US Bancorp	0.48%	75,896	$4.0M	Reduce -1.2%
HD Home Depot Inc.	0.48%	11,616	$4.0M	Reduce -0.8%
DGRS Wisdomtree U.S. Smallcap Qua	0.46%	77,143	$3.8M	Add +2.7%
AVEM Avantis Emerging Markets Eq	0.46%	49,669	$3.8M	Add +0.5%
KO The Coca-Cola Co.	0.46%	54,667	$3.8M	Reduce -1.6%
TSLA Tesla Inc.	0.44%	8,226	$3.7M	Reduce -0.3%
KHC The Kraft Heinz Co.	0.42%	144,639	$3.5M	Reduce -34.3%
VTRS Viatris Inc.	0.40%	269,659	$3.4M	Reduce -6.5%
PYPL PayPal Holdings Inc.	0.39%	55,810	$3.3M	Add +17.1%
CSCO Cisco Systems Inc.	0.39%	41,956	$3.2M	Reduce -3.7%
LOW Lowe's Cos Inc.	0.38%	13,288	$3.2M	Reduce -0.1%
ACWX iShares MSCI Acwi Ex US ETF	0.37%	46,625	$3.1M	Reduce -1.1%
AMGN Amgen Inc.	0.37%	9,441	$3.1M	Reduce -0.6%
HPQ HP Inc.	0.37%	138,171	$3.1M	Reduce -34.8%
SCIO FT Struct Credit Inc. Opp ETF	0.36%	145,927	$3.0M	Reduce -1.8%
JAZZ Jazz Pharmaceuticals PLC	0.32%	15,936	$2.7M	Reduce -0.6%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.30%	25,328	$2.5M	Reduce -9.6%
SOLV Solventum Corp.	0.28%	30,109	$2.4M	Reduce -4.4%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F	0.28%	46,281	$2.4M	Add +0.6%
BRK.A Berkshire Hathaway Inc. Class A	0.27%	3	$2.3M	No change
NVDA Nvidia Corp.	0.24%	10,793	$2.0M	Reduce -6.2%
AMZN Amazon.com Inc.	0.24%	8,670	$2.0M	Add +1.6%
SLB SLB Ltd. filed as SLB LIMITED	0.24%	51,779	$2.0M	Add +2.5%
TAIL Cambria Tail Risk ETF	0.23%	168,011	$1.9M	Add +3.4%
GILD Gilead Sciences Inc.	0.23%	15,683	$1.9M	Reduce -1.4%
JMUB JPMorgan Municipal ETF	0.22%	36,328	$1.8M	Add +2.0%
JPM JPMorgan Chase & Co.	0.20%	5,286	$1.7M	Reduce -0.4%
NTAP Netapp Inc.	0.20%	15,354	$1.6M	Reduce -0.0%
OGN Organon & Co.	0.20%	229,230	$1.6M	Reduce -48.4%
RIO Rio Tinto PLC-Spon ADR	0.19%	19,806	$1.6M	Reduce -2.9%
MSFT Microsoft Corp.	0.16%	2,760	$1.3M	Add +3.6%
VIG Vanguard Dividend Apprec ETF	0.16%	6,043	$1.3M	Reduce -0.8%
MU Micron Technology Inc.	0.15%	4,473	$1.3M	Reduce -0.4%
VRTX Vertex Pharmaceuticals Inc.	0.14%	2,628	$1.2M	Reduce -35.3%
ACWV iShares MSCI Global Min Vol	0.14%	9,744	$1.2M	Reduce -12.3%
QQQ Invesco QQQ Trust Series 1	0.14%	1,882	$1.2M	Add +0.2%
MMM 3M Co.	0.14%	7,201	$1.2M	Reduce -14.8%
NXPI NXP Semiconductors NV	0.14%	5,289	$1.1M	Reduce -1.9%
FMB First Trust Managed Municipa	0.13%	22,005	$1.1M	Add +0.6%
GOOG Alphabet Inc. Class C	0.13%	3,482	$1.1M	Reduce -0.1%
GOOGL Alphabet Inc. Class A	0.13%	3,482	$1.1M	Add +4.2%
CEF Sprott Physical Gold and Sil	0.13%	23,035	$1.1M	Reduce -23.4%
GNRC Generac Holdings Inc.	0.12%	7,494	$1.0M	Reduce -3.1%
RTX RTX Corp.	0.12%	5,388	$988K	Reduce -2.1%
PWV Invesco Large Cap Value ETF	0.12%	14,789	$984K	Reduce -18.9%
FLMI Franklin Dynamic Municipal B	0.11%	38,646	$961K	Add +16.3%
RRR Red Rock Resorts Inc. Class A	0.10%	14,180	$878K	New
CHKP Check Point Software Tech	0.10%	4,729	$878K	Reduce -1.1%
IWB iShares Russell 1000 ETF	0.10%	2,331	$870K	Reduce -5.4%
CRWD CrowdStrike Holdings Inc. Class A	0.10%	1,819	$853K	Reduce -1.7%
PG The Procter & Gamble Co.	0.09%	5,492	$787K	Add +1.1%
AXP American Express Co.	0.09%	2,109	$780K	No change
IJH iShares Core S&P Midcap ETF	0.09%	11,805	$779K	Add +0.3%
PM Philip Morris International	0.09%	4,754	$763K	Add +6.2%
PSX Phillips 66	0.09%	5,871	$758K	Reduce -0.9%
SPHR Sphere Entertainment Co.	0.08%	7,474	$711K	Add +5.4%
CAT Caterpillar Inc.	0.08%	1,205	$691K	Reduce -0.2%
T AT&T Inc.	0.08%	26,921	$669K	Add +7.4%
MTB M & T Bank Corp. filed as M & T BK CORP	0.08%	3,262	$657K	Reduce -0.6%
UTHR United Therapeutics Corp.	0.08%	1,325	$646K	No change
BUSE First Busey Corp.	0.07%	26,366	$627K	No change
CAH Cardinal Health Inc.	0.07%	3,050	$627K	No change
MGNR Amer Beac GLG NTRL Rsrcs ETF filed as AMERICAN BEACON SELECT FUNDS	0.07%	13,481	$595K	Add +7.5%
VOO Vanguard S&P 500 ETF	0.07%	940	$590K	No change
SONY Sony Group Corp. - SP ADR	0.06%	21,139	$541K	Add +4.7%
MA Mastercard Inc. Class A	0.06%	938	$536K	Add +8.6%
EXE Expand Energy Corp.	0.06%	4,846	$535K	Add +7.0%
META Meta Platforms Inc. Class A	0.06%	804	$531K	Reduce -0.9%
HON Honeywell International Inc.	0.06%	2,709	$529K	Reduce -4.5%
ABT Abbott Laboratories	0.06%	4,134	$518K	No change
LPLA LPL Financial Holdings Inc.	0.06%	1,446	$516K	Add +5.9%
CSX CSX Corp.	0.06%	13,971	$506K	No change
CHRW C.H. Robinson Worldwide Inc.	0.06%	3,142	$505K	Add +7.8%
UBER Uber Technologies Inc.	0.06%	6,078	$497K	Add +8.7%
SPGI S&P Global Inc.	0.06%	943	$493K	Add +10.0%
ITW Illinois Tool Works	0.06%	1,988	$490K	No change
MCD McDonald's Corp.	0.06%	1,580	$483K	Add +0.1%
CE Celanese Corp.	0.06%	11,005	$465K	Add +14.7%
DHR Danaher Corp.	0.06%	2,031	$465K	Add +4.0%
DOV Dover Corp.	0.06%	2,376	$464K	Add +9.9%
ILMN Illumina Inc.	0.05%	3,508	$460K	Add +8.1%
VRT Vertiv Holdings Co. Class A	0.05%	2,732	$443K	Add +6.0%
BIIB Biogen Inc.	0.05%	2,328	$410K	Add +8.5%
PWR Quanta Services Inc.	0.05%	948	$400K	Add +4.3%
COF Capital One Financial Corp.	0.05%	1,631	$395K	Reduce -1.4%
TXN Texas Instruments Inc.	0.05%	2,262	$393K	Reduce -29.6%
AOR iShares Core 60/40 Balanced	0.05%	5,985	$389K	Reduce -0.8%
ANET Arista Networks Inc.	0.05%	2,919	$382K	Add +11.0%
TD Toronto-Dominion Bank	0.05%	4,050	$382K	Reduce -6.9%
WMT Walmart Inc.	0.04%	3,317	$370K	No change
PANW Palo Alto Networks Inc.	0.04%	2,003	$369K	Add +11.2%
MUB iShares National Muni Bond E	0.04%	3,388	$363K	Reduce -3.6%
TEAM Atlassian Corp. Class A	0.04%	2,221	$360K	Add +4.7%
AGG iShares Core U.S. Aggregate	0.04%	3,603	$360K	No change
HUM Humana Inc.	0.04%	1,390	$356K	Reduce -2.0%
VAL Valaris Ltd.	0.04%	6,977	$352K	Add +9.0%
SYF Synchrony Financial	0.04%	4,102	$342K	Reduce -1.2%
C Citigroup Inc.	0.04%	2,929	$342K	Reduce -12.9%
EFA iShares MSCI Eafe ETF	0.04%	3,472	$333K	No change
XLF SS Financial Select Sector	0.04%	5,774	$316K	Reduce -20.9%
GPN Global Payments Inc.	0.04%	4,013	$311K	Add +9.8%
ENTG Entegris Inc.	0.04%	3,668	$309K	Reduce -2.0%
AOA iShares Core 80/20 Aggressiv	0.04%	3,376	$302K	Add +5.3%
IMCB iShares Morningstar Mid-Cap	0.03%	3,476	$288K	Reduce -12.4%
HUBS HubSpot Inc.	0.03%	705	$283K	Add +19.5%
APA Apa Corp.	0.03%	11,491	$281K	Add +19.8%
SMR Nuscale Power Corp.	0.03%	19,188	$272K	Reduce -27.4%
V Visa Inc. Class A	0.03%	771	$271K	Reduce -5.0%
WSBC Wesbanco Inc.	0.03%	7,845	$261K	No change
VUG Vanguard Mrngstar GR ETF-Sui	0.03%	533	$260K	Reduce -1.3%
IWV iShares Russell 3000 ETF	0.03%	664	$257K	Add +0.3%
CMI Cummins Inc.	0.03%	503	$257K	No change
SO The Southern Co.	0.03%	2,942	$257K	Reduce -4.8%
MCK McKesson Corp.	0.03%	312	$256K	Reduce -6.0%
TT Trane Technologies PLC	0.03%	652	$254K	No change
CGNX Cognex Corp.	0.03%	7,025	$253K	Add +2.4%
AMAT Applied Materials Inc.	0.03%	969	$249K	New
KVUE Kenvue Inc.	0.03%	13,888	$240K	Add +5.5%
SOUN Soundhound AI Inc. Class A	0.03%	23,330	$233K	Reduce -13.8%
VTV Vanguard Mrngstr Val ETF-Aui	0.03%	1,206	$230K	No change
DOCU Docusign Inc.	0.03%	3,265	$223K	Reduce -16.1%
VGT Vanguard Info Tech ETF	0.03%	283	$213K	No change
DUK Duke Energy Corp.	0.02%	1,786	$209K	Add +0.5%
ABBV Abbvie Inc.	0.02%	887	$203K	Add +0.5%
MDAI Spectral AI Inc.	0.00%	12,000	$17K	No change

Other holdings (1): bonds, preferreds, convertibles and warrants · $23.7M (not counted above)

Security	Class	Shares / Principal	Value	Change
OXY.WS Occidental Petroleum-CW27	*W EXP 08/03/202	1,230,875	$23.7M	Reduce -3.7%

Total filed on the 13F, all lines: $863.2M.

Portfolio Sells Q3 2025 → Q4 2025


BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.9%	26.23%	−0.73
OGN Organon & Co.	Reduce -48.4%	0.20%	−0.38
HPQ HP Inc.	Reduce -34.8%	0.37%	−0.33
BABA Alibaba Group Holding-SP ADR	Reduce -4.3%	0.98%	−0.29
KHC The Kraft Heinz Co.	Reduce -34.3%	0.42%	−0.28
MO Altria Group Inc.	Reduce -0.6%	1.42%	−0.25
JPST JPMorgan Ultra-Short Income	Reduce -7.1%	1.10%	−0.11
HD Home Depot Inc.	Reduce -0.8%	0.48%	−0.10
SMR Nuscale Power Corp.	Reduce -27.4%	0.03%	−0.08
SJM The JM Smucker Co.	Reduce -9.6%	0.30%	−0.07
PFE Pfizer Inc.	Reduce -1.3%	1.21%	−0.07
VRTX Vertex Pharmaceuticals Inc.	Reduce -35.3%	0.14%	−0.05
COP Conocophillips	Reduce -3.3%	0.79%	−0.05
MINT PIMCO Enhanced Short Maturit	Sold out	0.00%	−0.04
JCPB JPMorgan Core Plus Bond ETF	Reduce -1.4%	1.11%	−0.04
PHDG Invesco S&P 500 Downside Hed	Sold out	0.00%	−0.04
DD Dupont DE Nemours Inc.	Sold out	0.00%	−0.04
K Kellanova	Sold out	0.00%	−0.04
GNRC Generac Holdings Inc.	Reduce -3.1%	0.12%	−0.04
FTCB FT Core Investment Grade ETF	Reduce -2.3%	0.73%	−0.03
VST Vistra Corp.	Sold out	0.00%	−0.03
HSY The Hershey Co.	Reduce -0.3%	0.55%	−0.03
PWV Invesco Large Cap Value ETF	Reduce -18.9%	0.12%	−0.03
IWF iShares Russell 1000 Growth	Sold out	0.00%	−0.03
VZ Verizon Communications Inc.	Sold out	0.00%	−0.03
BUFR FT Vest Lad Buffervetf-Usd I	Sold out	0.00%	−0.03
SOUN Soundhound AI Inc. Class A	Reduce -13.8%	0.03%	−0.03
NTAP Netapp Inc.	Reduce -0.0%	0.20%	−0.02
TXN Texas Instruments Inc.	Reduce -29.6%	0.05%	−0.02
CASY Casey's General Stores Inc.	Sold out	0.00%	−0.02
LOW Lowe's Cos Inc.	Reduce -0.1%	0.38%	−0.02
ACWV iShares MSCI Global Min Vol	Reduce -12.3%	0.14%	−0.02
MMM 3M Co.	Reduce -14.8%	0.14%	−0.02
NVDA Nvidia Corp.	Reduce -6.2%	0.24%	−0.02
PEP Pepsico Inc.	Reduce -1.8%	1.38%	−0.02
CHKP Check Point Software Tech	Reduce -1.1%	0.10%	−0.02
SCIO FT Struct Credit Inc. Opp ETF	Reduce -1.8%	0.36%	−0.01
NXPI NXP Semiconductors NV	Reduce -1.9%	0.14%	−0.01
XLF SS Financial Select Sector	Reduce -20.9%	0.04%	−0.01
HON Honeywell International Inc.	Reduce -4.5%	0.06%	−0.01
META Meta Platforms Inc. Class A	Reduce -0.9%	0.06%	−0.01
CRWD CrowdStrike Holdings Inc. Class A	Reduce -1.7%	0.10%	−0.01
CEF Sprott Physical Gold and Sil	Reduce -23.4%	0.13%	−0.01
PSX Phillips 66	Reduce -0.9%	0.09%	−0.01
DOCU Docusign Inc.	Reduce -16.1%	0.03%	−0.01
QCOM Qualcomm Inc.	Reduce -1.1%	3.22%	−0.01
IMCB iShares Morningstar Mid-Cap	Reduce -12.4%	0.03%	−0.01
IWB iShares Russell 1000 ETF	Reduce -5.4%	0.10%	−0.01
ENTG Entegris Inc.	Reduce -2.0%	0.04%	−0.01
SO The Southern Co.	Reduce -4.8%	0.03%	−0.01

Portfolio Buys Q3 2025 → Q4 2025


CB Chubb Ltd.	Add +26.4%	2.39%	+0.65
CVX Chevron Corp.	Add +30.1%	1.21%	+0.24
DVN Devon Energy Corp.	Add +43.8%	0.70%	+0.23
BF.B Brown-Forman Corp. Class B	Add +50.4%	0.49%	+0.14
GIS General Mills Inc.	Add +19.9%	1.38%	+0.11
RRR Red Rock Resorts Inc. Class A	New	0.10%	+0.10
DEO Diageo PLC-Sponsored ADR	Add +31.4%	0.63%	+0.09
ITAN Sparkline Intangible Val ETF	Add +1.7%	1.18%	+0.07
MOAT Vaneck Morningstar Wide Moat	Add +1.3%	1.48%	+0.06
DTAN Sparkline Intl Int Value ETF	Add +2.0%	0.97%	+0.04
HELO JPMorgan Hedged Equity ETF	Add +2.2%	1.54%	+0.04
GOOGL Alphabet Inc. Class A	Add +4.2%	0.13%	+0.03
SPHR Sphere Entertainment Co.	Add +5.4%	0.08%	+0.03
AMAT Applied Materials Inc.	New	0.03%	+0.03
SLB SLB Ltd.	Add +2.5%	0.24%	+0.03
VTI VG Morningstar TS MKT ETF-US	Add +0.9%	1.85%	+0.02
ILMN Illumina Inc.	Add +8.1%	0.05%	+0.02
FLMI Franklin Dynamic Municipal B	Add +16.3%	0.11%	+0.01
CHRW C.H. Robinson Worldwide Inc.	Add +7.8%	0.06%	+0.01
BIIB Biogen Inc.	Add +8.5%	0.05%	+0.01
DOV Dover Corp.	Add +9.9%	0.06%	+0.01
AMZN Amazon.com Inc.	Add +1.6%	0.24%	+0.01
MGNR Amer Beac GLG NTRL Rsrcs ETF	Add +7.5%	0.07%	+0.01
DHR Danaher Corp.	Add +4.0%	0.06%	+0.01
SPGI S&P Global Inc.	Add +10.0%	0.06%	+0.01
CE Celanese Corp.	Add +14.7%	0.06%	+0.01
LPLA LPL Financial Holdings Inc.	Add +5.9%	0.06%	+0.01
VRT Vertiv Holdings Co. Class A	Add +6.0%	0.05%	+0.01
AVEM Avantis Emerging Markets Eq	Add +0.5%	0.46%	+0.01
EXE Expand Energy Corp.	Add +7.0%	0.06%	+0.01
APA Apa Corp.	Add +19.8%	0.03%	+0.01
FTLS First Trust Long/Short Eqty	Add +0.8%	1.12%	+0.01
MA Mastercard Inc. Class A	Add +8.6%	0.06%	+0.00
VAL Valaris Ltd.	Add +9.0%	0.04%	+0.00
PM Philip Morris International	Add +6.2%	0.09%	+0.00
KVUE Kenvue Inc.	Add +5.5%	0.03%	+0.00
PWR Quanta Services Inc.	Add +4.3%	0.05%	+0.00
TEAM Atlassian Corp. Class A	Add +4.7%	0.04%	+0.00
AOA iShares Core 80/20 Aggressiv	Add +5.3%	0.04%	+0.00
INFL Horizon Kinetics Infl Benef	Add +2.5%	0.78%	+0.00
QQQ Invesco QQQ Trust Series 1	Add +0.2%	0.14%	+0.00
DGRS Wisdomtree U.S. Smallcap Qua	Add +2.7%	0.46%	+0.00
JMUB JPMorgan Municipal ETF	Add +2.0%	0.22%	+0.00
PYPL PayPal Holdings Inc.	Add +17.1%	0.39%	+0.00
GPN Global Payments Inc.	Add +9.8%	0.04%	+0.00
HUBS HubSpot Inc.	Add +19.5%	0.03%	+0.00
IWV iShares Russell 3000 ETF	Add +0.3%	0.03%	+0.00
IJH iShares Core S&P Midcap ETF	Add +0.3%	0.09%	−0.00
FMB First Trust Managed Municipa	Add +0.6%	0.13%	−0.00
MCD McDonald's Corp.	Add +0.1%	0.06%	−0.00

Notes & Other Activity Q3 2025 → Q4 2025


OXY.WS Occidental Petroleum-CW27	*W EXP 08/03/202	Reduce -3.7%	1,230,875	$23.7M

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	150	$861.1M	BRK.B, XOM, CB, QCOM, ABT
Q1 2026	156	$819.6M	BRK.B, XOM, CB, OXY, INTC
Q4 2025	169	$839.4M	BRK.B, XOM, QCOM, INTC, CB
Q3 2025	176	$824.3M	BRK.B, XOM, QCOM, INTC, OXY
Q2 2025	168	$757.3M	BRK.B, XOM, QCOM, INTC, MOAT
Q1 2025	166	$787.6M	BRK.B, XOM, QCOM, OXY, INTC
Q4 2024	171	$743.2M	BRK.B, XOM, QCOM, OXY, INTC
Q3 2024	163	$789.3M	BRK.B, XOM, INTC, QCOM, MOAT
Q2 2024	76	$150.3M	ACWX, MOAT, JPST, UCON, DGRO
Q1 2024	74	$141.2M	JPST, MOAT, ACWX, UCON, DGRO