Phraction Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Phraction Management LLC reported 64 stock positions worth $327.5 million. Its top holding was Microsoft (MSFT) at 9.3% of the portfolio, followed by Amazon.com (AMZN, 8.2%) and Alphabet Class A (GOOGL, 6.6%). Compared with Q2 2025, it opened 3 new positions, sold out of 10, added to 26 and reduced 11. The biggest buy was ASML Holding NV-NY Reg SHS (ASML, shares +285%) and the biggest sale an exit from Ansys (ANSS).
- Most Recent 13F
- Q2 2026
- Location
- COLCHESTER, CT
- CIK
- 0001907803
- Portfolio Value
- $327.5M (Q3 2025)
- SEC Filing
- 0002085853-25-000047 ↗ filed Oct 9, 2025
Holdings Value
Holdings 64 stocks · $327.5M
| MSFT Microsoft Corp. | 9.28% | 58,648 | $30.4M | Add +0.1% |
| AMZN Amazon.com Inc. | 8.19% | 122,164 | $26.8M | Add +2.7% |
| GOOGL Alphabet Inc. Class A | 6.61% | 89,078 | $21.7M | Add +0.7% |
| ADI Analog Devices Inc. | 5.13% | 68,338 | $16.8M | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 4.59% | 31,021 | $15.0M | Add +3.5% |
| GOOG Alphabet Inc. Class C | 4.28% | 57,538 | $14.0M | No change |
| ASML ASML Holding NV-NY Reg SHS | 4.22% | 14,266 | $13.8M | Add +285.1% |
| DHR Danaher Corp. | 3.98% | 65,802 | $13.0M | Add +39.5% |
| HON Honeywell International Inc. | 3.93% | 61,080 | $12.9M | Add +6.8% |
| RTX RTX Corp. | 3.53% | 69,068 | $11.6M | Reduce -0.2% |
| SPGI S&P Global Inc. | 3.44% | 23,168 | $11.3M | Add +7.0% |
| ENTG Entegris Inc. | 3.03% | 107,409 | $9.9M | Add +18.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.77% | 175,676 | $9.1M | Reduce -5.0% |
| BDX Becton Dickinson and Co. | 2.74% | 47,988 | $9.0M | Reduce -4.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.72% | 17,704 | $8.9M | Add +4.1% |
| WMB Williams Cos Inc. | 2.14% | 110,605 | $7.0M | Add +0.1% |
| PHYS Sprott Physical Gold Trust | 2.01% | 222,427 | $6.6M | Add +32.0% |
| SNPS Synopsys Inc. | 1.95% | 12,913 | $6.4M | New |
| PM Philip Morris International | 1.86% | 37,603 | $6.1M | No change |
| V Visa Inc. Class A | 1.86% | 17,806 | $6.1M | Add +3.3% |
| ICE Intercontinental Exchange Inc. | 1.85% | 36,023 | $6.1M | No change |
| TXN Texas Instruments Inc. | 1.85% | 32,909 | $6.0M | Add +7.7% |
| TDY Teledyne Technologies Inc. | 1.82% | 10,161 | $6.0M | No change |
| AMAT Applied Materials Inc. | 1.71% | 27,420 | $5.6M | Add +3.4% |
| FERG Ferguson Enterprises Inc. | 1.45% | 21,110 | $4.7M | Reduce -13.9% |
| IBIT iShares Bitcoin Trust ETF | 0.99% | 50,000 | $3.3M | Add +40.5% |
| LRCX Lam Research Corp. | 0.92% | 22,554 | $3.0M | No change |
| FE Firstenergy Corp. | 0.71% | 50,610 | $2.3M | Reduce -10.1% |
| LIN Linde PLC | 0.68% | 4,703 | $2.2M | Reduce -4.7% |
| DD Dupont DE Nemours Inc. | 0.65% | 27,246 | $2.1M | Add +2.7% |
| META Meta Platforms Inc. Class A | 0.63% | 2,823 | $2.1M | No change |
| BN Brookfield Corp. | 0.63% | 29,940 | $2.1M | Add +0.1% |
| PEP Pepsico Inc. | 0.58% | 13,453 | $1.9M | Add +1.1% |
| MKTW Marketwise Inc. | 0.57% | 112,070 | $1.9M | No change |
| UNP Union Pacific Corp. | 0.49% | 6,839 | $1.6M | Add +23.5% |
| NOC Northrop Grumman Corp. | 0.48% | 2,568 | $1.6M | No change |
| NVDA Nvidia Corp. | 0.46% | 8,135 | $1.5M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.37% | 16,805 | $1.2M | No change |
| ALC Alcon Inc. filed as ALCON AG | 0.36% | 15,871 | $1.2M | Add +17.9% |
| CP Canadian Pacific Kansas City | 0.35% | 15,341 | $1.1M | Add +0.3% |
| RSP Invesco S&P 500 Equal Weight | 0.34% | 5,858 | $1.1M | Add +48.6% |
| CSGP Costar Group Inc. | 0.32% | 12,562 | $1.1M | Reduce -12.4% |
| GDX Vaneck Gold Miners ETF | 0.32% | 13,770 | $1.1M | Add +26.9% |
| MOAT Vaneck Morningstar Wide Moat | 0.28% | 9,095 | $901K | No change |
| AAPL Apple Inc. | 0.27% | 3,500 | $891K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 1,324 | $882K | No change |
| SPGP Invesco S&P 500 Garp ETF | 0.23% | 6,710 | $762K | No change |
| UL Unilever PLC | 0.22% | 12,280 | $728K | No change |
| HD Home Depot Inc. | 0.19% | 1,544 | $626K | Reduce -1.6% |
| IHI iShares U.S. Medical Devices | 0.18% | 10,016 | $602K | No change |
| ASHR Xtrackers Harvest Csi 300 CH | 0.18% | 17,610 | $581K | No change |
| SYK Stryker Corp. | 0.16% | 1,413 | $522K | No change |
| MARA Mara Holdings Inc. | 0.14% | 25,000 | $457K | No change |
| LNG Cheniere Energy Inc. | 0.13% | 1,808 | $425K | Add +0.4% |
| SGHC Super Group SGHC Ltd. | 0.12% | 30,031 | $396K | No change |
| VYMI Vanguard Int High DVD YLD Inc. | 0.12% | 4,640 | $393K | No change |
| FMX Fomento Economico Mex-SP ADR | 0.12% | 3,934 | $388K | No change |
| ADSK Autodesk Inc. | 0.11% | 1,141 | $362K | Reduce -90.4% |
| VIGI Vanguard Int Div App Indx FD | 0.11% | 3,900 | $349K | No change |
| AVGO Broadcom Inc. | 0.10% | 1,000 | $330K | No change |
| CVNA Carvana Co. | 0.09% | 785 | $296K | Reduce -12.8% |
| B Barrick Mining Corp. | 0.07% | 7,150 | $234K | Reduce -79.0% |
| EMLC Vaneck JPM Em Local Curr BND | 0.06% | 8,177 | $209K | New |
| REGN Regeneron Pharmaceuticals | 0.06% | 367 | $206K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $19.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 10,329 | $13.2M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 4,665 | $5.8M | No change |
Total filed on the 13F, all lines: $346.5M.
Portfolio Sells Q2 2025 → Q3 2025
| ANSS Ansys Inc. | Sold out | 0.00% | −2.20 |
| ADSK Autodesk Inc. | Reduce -90.4% | 0.11% | −1.14 |
| FERG Ferguson Enterprises Inc. | Reduce -13.9% | 1.45% | −0.36 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.35 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.26 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.23 |
| BAC Bank of America Corp. | Reduce -5.0% | 2.77% | −0.20 |
| BDX Becton Dickinson and Co. | Reduce -4.4% | 2.74% | −0.19 |
| B Barrick Mining Corp. | Reduce -79.0% | 0.07% | −0.17 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.13 |
| PDX PIMCO Dynamic Income Strat | Sold out | 0.00% | −0.13 |
| LIN Linde PLC | Reduce -4.7% | 0.68% | −0.10 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.10 |
| FCLD Fidelity Cloud Computing ETF | Sold out | 0.00% | −0.10 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.07 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.07 |
| CSGP Costar Group Inc. | Reduce -12.4% | 0.32% | −0.07 |
| FE Firstenergy Corp. | Reduce -10.1% | 0.71% | −0.06 |
| CVNA Carvana Co. | Reduce -12.8% | 0.09% | −0.01 |
| HD Home Depot Inc. | Reduce -1.6% | 0.19% | −0.00 |
| RTX RTX Corp. | Reduce -0.2% | 3.53% | +0.10 |
Portfolio Buys Q2 2025 → Q3 2025
| ASML ASML Holding NV-NY Reg SHS | Add +285.1% | 4.22% | +3.21 |
| SNPS Synopsys Inc. | New | 1.95% | +1.95 |
| GOOGL Alphabet Inc. Class A | Add +0.7% | 6.61% | +1.32 |
| DHR Danaher Corp. | Add +39.5% | 3.98% | +0.82 |
| PHYS Sprott Physical Gold Trust | Add +32.0% | 2.01% | +0.56 |
| ENTG Entegris Inc. | Add +18.1% | 3.03% | +0.54 |
| TMO Thermo Fisher Scientific Inc. | Add +3.5% | 4.59% | +0.47 |
| IBIT iShares Bitcoin Trust ETF | Add +40.5% | 0.99% | +0.25 |
| GDX Vaneck Gold Miners ETF | Add +26.9% | 0.32% | +0.13 |
| RSP Invesco S&P 500 Equal Weight | Add +48.6% | 0.34% | +0.10 |
| AMAT Applied Materials Inc. | Add +3.4% | 1.71% | +0.07 |
| EMLC Vaneck JPM Em Local Curr BND | New | 0.06% | +0.06 |
| REGN Regeneron Pharmaceuticals | New | 0.06% | +0.06 |
| UNP Union Pacific Corp. | Add +23.5% | 0.49% | +0.06 |
| DD Dupont DE Nemours Inc. | Add +2.7% | 0.65% | +0.03 |
| BN Brookfield Corp. | Add +0.1% | 0.63% | −0.00 |
| LNG Cheniere Energy Inc. | Add +0.4% | 0.13% | −0.02 |
| PEP Pepsico Inc. | Add +1.1% | 0.58% | −0.02 |
| ALC Alcon Inc. | Add +17.9% | 0.36% | −0.04 |
| CP Canadian Pacific Kansas City | Add +0.3% | 0.35% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.1% | 2.72% | −0.09 |
| WMB Williams Cos Inc. | Add +0.1% | 2.14% | −0.22 |
| V Visa Inc. Class A | Add +3.3% | 1.86% | −0.22 |
| TXN Texas Instruments Inc. | Add +7.7% | 1.85% | −0.31 |
| ADI Analog Devices Inc. | Add +0.1% | 5.13% | −0.39 |
| SPGI S&P Global Inc. | Add +7.0% | 3.44% | −0.43 |
| HON Honeywell International Inc. | Add +6.8% | 3.93% | −0.59 |
| MSFT Microsoft Corp. | Add +0.1% | 9.28% | −0.62 |
| AMZN Amazon.com Inc. | Add +2.7% | 8.19% | −0.67 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $390.5M | AMZN, GOOGL, ASML, MSFT, ADI |
| Q1 2026 | 61 | $362.5M | AMZN, GOOGL, ADI, MSFT, ASML |
| Q4 2025 | 64 | $352.9M | AMZN, MSFT, GOOGL, ADI, GOOG |
| Q3 2025 | 64 | $327.5M | MSFT, AMZN, GOOGL, ADI, TMO |
| Q2 2025 | 71 | $294.7M | MSFT, AMZN, ADI, GOOGL, HON |
| Q1 2025 | 72 | $279.1M | AMZN, MSFT, TMO, HON, ADI |
| Q4 2024 | 69 | $266.0M | AMZN, MSFT, HON, TMO, ADI |
| Q3 2024 | 67 | $262.6M | MSFT, AMZN, TMO, ADI, BRK.B |
| Q2 2024 | 64 | $249.9M | MSFT, AMZN, ADI, TMO, HON |
| Q1 2024 | 60 | $237.4M | MSFT, AMZN, TMO, HON, ADI |