Private Advisory Group LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Private Advisory Group LLC reported 200 stock positions worth $1.1 billion. Its top holding was Nvidia (NVDA) at 7.0% of the portfolio, followed by Microsoft (MSFT, 6.4%) and Apple (AAPL, 4.6%). Compared with Q1 2025, it opened 57 new positions, sold out of 46, added to 54 and reduced 80. The biggest buy was a new position in iShares MSCI USA Equal Weigh (EUSA) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −90%).

Most Recent 13F
Q2 2026
Location
REDMOND, WA
CIK
0001632965
Portfolio Value
$1.1B (Q2 2025)
SEC Filing
0001632965-25-000008 ↗ filed Aug 7, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $701.0M Q1 2024 Q2 2024: $761.3M Q2 2024 Q3 2024: $793.8M Q3 2024 Q4 2024: $892.7M Q4 2024 Q1 2025: $875.6M Q1 2025 Q2 2025: $1.1B $1.1B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 200 stocks · $1.1B
NVDA Nvidia Corp. 7.02% 475,006 $75.0M Add +6.2%
MSFT Microsoft Corp. 6.38% 137,140 $68.2M Add +0.9%
AAPL Apple Inc. 4.63% 241,294 $49.5M Add +3.1%
AMZN Amazon.com Inc. 4.07% 198,277 $43.5M Add +4.9%
NFLX Netflix Inc. 3.08% 24,607 $33.0M Add +5.3%
META Meta Platforms Inc. Class A 3.00% 43,497 $32.1M Add +4.0%
GOOG Alphabet Inc. Class C 2.93% 176,803 $31.4M Reduce -0.1%
COST Costco Wholesale Corp. 2.70% 29,183 $28.9M Add +0.1%
AVGO Broadcom Inc. 2.55% 98,847 $27.2M Add +7.2%
QQQ Invesco QQQ Trust Series 1 2.25% 43,518 $24.0M Add +95.9%
EWY iShares MSCI South Korea ETF 2.11% 314,342 $22.6M Reduce -3.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.95% 33,712 $20.8M Add +34.7%
EUSA iShares MSCI USA Equal Weigh 1.89% 204,117 $20.2M New
SGOV iShares 0-3 Month Treasury B 1.60% 169,744 $17.1M Add +258.9%
TSLA Tesla Inc. 1.45% 48,689 $15.5M Reduce -1.6%
ORCL Oracle Corp. 1.37% 66,787 $14.6M Reduce -30.3%
VYM Vanguard High DVD Yield ETF 1.36% 108,737 $14.5M Reduce -11.1%
TSM Taiwan Semiconductor-SP ADR 1.31% 61,974 $14.0M Add +4.5%
LLY Eli Lilly & Co. 1.31% 17,900 $14.0M Reduce -49.3%
NET Cloudflare Inc. Class A 1.30% 70,685 $13.8M Add +84.9%
BRK.B Berkshire Hathaway Inc. Class B 1.26% 27,739 $13.5M Reduce -7.9%
UNH Unitedhealth Group Inc. 1.22% 41,875 $13.1M New
CRWV Coreweave Inc. Class A 1.21% 79,489 $13.0M New
JPM JPMorgan Chase & Co. 1.20% 44,248 $12.8M Add +75.2%
JHX James Hardie Ord 1.17% 464,620 $12.5M Add +17.1%
AMD Advanced Micro Devices 1.16% 87,538 $12.4M Add +3.8%
FDM First Trust Dow J Select Mic 1.15% 172,210 $12.3M New
ASML ASML Holding NV-NY Reg SHS 1.15% 15,295 $12.3M Add +2.8%
CEG Constellation Energy 1.04% 34,524 $11.1M Reduce -9.4%
IJH iShares Core S&P Midcap ETF 1.00% 171,698 $10.6M New
XOM Exxon Mobil Corp. 0.97% 96,532 $10.4M Add +4835.2%
VRT Vertiv Holdings Co. Class A 0.96% 79,622 $10.2M Reduce -4.1%
IVV iShares Core S&P 500 ETF 0.95% 16,422 $10.2M Add +1.5%
AXP American Express Co. 0.95% 31,710 $10.1M New
TGT Target Corp. 0.92% 99,624 $9.8M New
GS Goldman Sachs Group Inc. 0.91% 13,688 $9.7M Add +2243.8%
MU Micron Technology Inc. 0.90% 78,386 $9.7M New
RDVY First Trust Rising Dividend 0.89% 151,783 $9.5M Add +1.1%
SHV iShares 0-1 Year Treasury Bo 0.86% 83,344 $9.2M Add +782.3%
PG The Procter & Gamble Co. 0.85% 56,928 $9.1M Add +0.8%
XLRE SS Real Estate Select Sector 0.80% 206,002 $8.5M Reduce -7.7%
RKT Rocket Cos Inc. Class A 0.80% 599,624 $8.5M New
BA The Boeing Co. 0.78% 39,958 $8.4M Add +67.3%
JBS JBS NV-A 0.77% 563,619 $8.2M New
Z Zillow Group Inc. Class C 0.75% 114,165 $8.0M Add +8.2%
RH RH 0.71% 40,387 $7.6M New
HAL Halliburton Co. 0.66% 346,890 $7.1M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.65% 146,541 $6.9M New
SPSM SS SPDR P S&P 600 Small Cap 0.64% 161,282 $6.9M Add +1225.9%
VFC VF Corp. 0.57% 522,219 $6.1M New
GBIL Goldman Sachs Access Treasur 0.56% 59,688 $6.0M Add +23.6%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.51% 67,195 $5.4M Add +150.5%
IJR iShares Core S&P Small-Cap E 0.42% 41,038 $4.5M Reduce -33.0%
XLK SS Technology Select Sector 0.41% 17,148 $4.3M No change
IVW iShares S&P 500 Growth ETF 0.40% 38,644 $4.3M Add +0.9%
HWM Howmet Aerospace Inc. 0.40% 22,775 $4.2M Add +18.4%
GOOGL Alphabet Inc. Class A 0.39% 23,569 $4.2M Add +55.0%
RSPN Invesco S&P 500 Equal Weight 0.35% 70,176 $3.8M Add +9.6%
BOXX Alpha Architect 1-3 MNTH Box 0.34% 32,384 $3.6M New
XLF SS Financial Select Sector 0.34% 68,557 $3.6M Reduce -7.1%
GVIP Gold Sachs Hedge Ind Vip ETF 0.33% 25,412 $3.5M Add +37.2%
VOO Vanguard S&P 500 ETF 0.30% 5,671 $3.2M Reduce -0.6%
XSHQ Invesco S&P Smallcap Quality 0.29% 77,320 $3.1M Add +8.1%
IWM iShares Russell 2000 ETF 0.28% 14,094 $3.0M New
RBLX Roblox Corp. Class A 0.28% 28,419 $3.0M New
FTNT Fortinet Inc. 0.27% 27,272 $2.9M Add +126.5%
TTWO Take-Two Interactive Softwre 0.27% 11,844 $2.9M New
FPE FT-Preferred Secur & Inc. ETF 0.27% 160,772 $2.9M Add +9.8%
FTSL First Trust Senior Loan ETF 0.26% 60,940 $2.8M Add +5.8%
FLOT iShares Floating Rate Bond E 0.26% 54,699 $2.8M Add +14.9%
HYLS FT Tactical High Yield ETF 0.26% 66,053 $2.8M Add +7.4%
PLTR Palantir Technologies Inc. Class A 0.25% 19,268 $2.6M Reduce -31.3%
KNG FT Vest S&P 500 DVD Arst TRG 0.24% 53,183 $2.6M Reduce -2.2%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.23% 5,991 $2.4M New
TIP iShares Tips Bond ETF 0.22% 21,764 $2.4M Reduce -3.5%
RCL Royal Caribbean Cruises Ltd. 0.21% 7,021 $2.2M Reduce -5.5%
VIG Vanguard Dividend Apprec ETF 0.20% 10,654 $2.2M New
FTHY First Trust Hi YLD Opp 2027 0.20% 145,007 $2.2M Reduce -0.4%
RSP Invesco S&P 500 Equal Weight 0.19% 11,460 $2.1M Reduce -90.4%
GE General Electric filed as GE AEROSPACE 0.19% 7,910 $2.0M Reduce -5.8%
CERY SS SPDR BBG En RY CM St N-Ui 0.19% 73,416 $2.0M Add +87.9%
SHY iShares 1-3 Year Treasury Bo 0.18% 23,306 $1.9M Reduce -53.7%
VTI VG Morningstar TS MKT ETF-US 0.16% 5,705 $1.7M New
FV First Trust DW Focus 5 Fund 0.16% 29,256 $1.7M Add +7.4%
VNQ Vanguard Real Estate ETF 0.16% 19,075 $1.7M New
HOOD Robinhood Markets Inc. Class A 0.16% 18,016 $1.7M Reduce -48.6%
AXIL Axil Brands Inc. 0.16% 303,696 $1.7M Reduce -0.2%
MLPA Global X MLP ETF 0.15% 31,065 $1.6M New
GEV GE Vernova Inc. 0.14% 2,927 $1.5M New
MTUM iShares MSCI USA Momentum Fa 0.14% 6,191 $1.5M Add +36.7%
NRG NRG Energy Inc. 0.14% 9,227 $1.5M New
CIBR First Trust Nasdaq Cybersecu 0.14% 19,541 $1.5M New
RSST Return Stacked US SM FTR ETF 0.14% 63,310 $1.5M Reduce -14.6%
FEP First Trust Europe 0.14% 30,820 $1.5M New
CELH Celsius Holdings Inc. 0.14% 31,363 $1.5M New
SCHD Schwab US DVD Equity ETF 0.14% 54,580 $1.4M Reduce -10.1%
CWB SS SPDR BB Conv Sec ETF 0.14% 17,497 $1.4M Reduce -23.2%
FDD First Trust Stoxx Europe 0.13% 92,110 $1.4M New
FKU First Trust United Kingdom 0.13% 30,120 $1.4M New
FOXA Fox Corp. Class A 0.12% 23,744 $1.3M New

Show all 200 holdings

Options reported separately and not counted above: XLE calls ($16.2M), SPY puts ($9.6M), AAPL calls ($8.8M), NVDA calls ($1.8M).

Portfolio Sells Q1 2025 → Q2 2025
RSP Invesco S&P 500 Equal Weight Reduce -90.4% 0.19% −2.16
LLY Eli Lilly & Co. Reduce -49.3% 1.31% −2.02
HD Home Depot Inc. Reduce -95.5% 0.05% −1.21
KRE SS SPDR S&P Regional Bank Sold out 0.00% −1.11
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -93.7% 0.06% −1.08
LEN Lennar Corp. Class A Reduce -97.3% 0.02% −1.00
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -92.3% 0.07% −0.98
IWC iShares Micro-Cap ETF Sold out 0.00% −0.98
SCHW Schwab (charles) Corp. Sold out 0.00% −0.85
CRM Salesforce Inc. Sold out 0.00% −0.83
ELV Elevance Health Inc. Sold out 0.00% −0.82
JNJ Johnson & Johnson Sold out 0.00% −0.81
MA Mastercard Inc. Class A Reduce -91.5% 0.06% −0.79
TOL Toll Brothers Inc. Sold out 0.00% −0.68
VIOO Vanguard S&P Small-Cap 600 E Sold out 0.00% −0.68
JAAA Janus Henderson Aaa Clo ETF Sold out 0.00% −0.68
TM Toyota Motor Corp. -Spon ADR Sold out 0.00% −0.68
SRLN SS Blackstone Sr Loan ETF Sold out 0.00% −0.67
BKLN Invesco Senior Loan ETF Sold out 0.00% −0.66
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.64
JBBB Janus Henderson B-BBB Clo Et Sold out 0.00% −0.61
FLBL Franklin Senior Loan ETF Sold out 0.00% −0.60
BRK.B Berkshire Hathaway Inc. Class B Reduce -7.9% 1.26% −0.57
C Citigroup Inc. Sold out 0.00% −0.56
VYM Vanguard High DVD Yield ETF Reduce -11.1% 1.36% −0.44
DELL Dell Technologies -C Reduce -85.3% 0.07% −0.36
IJR iShares Core S&P Small-Cap E Reduce -33.0% 0.42% −0.31
KBH KB Home Sold out 0.00% −0.31
SHY iShares 1-3 Year Treasury Bo Reduce -53.7% 0.18% −0.29
XLRE SS Real Estate Select Sector Reduce -7.7% 0.80% −0.27
XHLF Bondbloxx BBG 6 MTH US Treas Reduce -86.6% 0.03% −0.25
AMLP Alerian MLP ETF Reduce -90.1% 0.02% −0.24
BUFR FT Vest Lad Buffervetf-Usd I Reduce -65.7% 0.10% −0.23
GOOG Alphabet Inc. Class C Reduce -0.1% 2.93% −0.22
QS Quantumscape Corp. Sold out 0.00% −0.21
CCJ Cameco Corp. Sold out 0.00% −0.18
ORCL Oracle Corp. Reduce -30.3% 1.37% −0.16
TRGP Targa Resources Corp. Reduce -40.9% 0.10% −0.13
FDN First Trust DJ Internet Ind Reduce -76.8% 0.04% −0.13
OILK Pros K-1 Free CR Oil ETF-Usd Sold out 0.00% −0.13
SKYY First Trust Cloud Computing Reduce -73.3% 0.04% −0.12
LYV Live Nation Entertainment Inc. Sold out 0.00% −0.12
TPL Texas Pacific Land Corp. Sold out 0.00% −0.11
OKE Oneok Inc. Sold out 0.00% −0.11
ITOT iShares Core S&P Total U.S. Sold out 0.00% −0.11
FICO Fair Isaac Corp. Sold out 0.00% −0.11
RPG Invesco S&P 500 Pure Growth Sold out 0.00% −0.11
BROS Dutch Bros Inc. Class A Sold out 0.00% −0.10
IMCG iShares Morningstar Mid-Cap Sold out 0.00% −0.10
EMLP First Trust North American E Sold out 0.00% −0.10

Portfolio Buys Q1 2025 → Q2 2025
EUSA iShares MSCI USA Equal Weigh New 1.89% +1.89
NVDA Nvidia Corp. Add +6.2% 7.02% +1.49
UNH Unitedhealth Group Inc. New 1.22% +1.22
CRWV Coreweave Inc. Class A New 1.21% +1.21
FDM First Trust Dow J Select Mic New 1.15% +1.15
QQQ Invesco QQQ Trust Series 1 Add +95.9% 2.25% +1.06
SGOV iShares 0-3 Month Treasury B Add +258.9% 1.60% +1.06
IJH iShares Core S&P Midcap ETF New 1.00% +1.00
XOM Exxon Mobil Corp. Add +4835.2% 0.97% +0.95
AXP American Express Co. New 0.95% +0.95
TGT Target Corp. New 0.92% +0.92
MU Micron Technology Inc. New 0.90% +0.90
GS Goldman Sachs Group Inc. Add +2243.8% 0.91% +0.87
NET Cloudflare Inc. Class A Add +84.9% 1.30% +0.80
RKT Rocket Cos Inc. Class A New 0.80% +0.80
AVGO Broadcom Inc. Add +7.2% 2.55% +0.79
JBS JBS NV-A New 0.77% +0.77
SHV iShares 0-1 Year Treasury Bo Add +782.3% 0.86% +0.74
RH RH New 0.71% +0.71
HAL Halliburton Co. New 0.66% +0.66
BAC Bank of America Corp. New 0.65% +0.65
NFLX Netflix Inc. Add +5.3% 3.08% +0.59
SPSM SS SPDR P S&P 600 Small Cap Add +1225.9% 0.64% +0.59
VFC VF Corp. New 0.57% +0.57
MSFT Microsoft Corp. Add +0.9% 6.38% +0.56
JPM JPMorgan Chase & Co. Add +75.2% 1.20% +0.49
SPY SS SPDR S&P 500 ETF Trust-US Add +34.7% 1.95% +0.35
BOXX Alpha Architect 1-3 MNTH Box New 0.34% +0.34
BA The Boeing Co. Add +67.3% 0.78% +0.32
IWM iShares Russell 2000 ETF New 0.28% +0.28
RBLX Roblox Corp. Class A New 0.28% +0.28
TTWO Take-Two Interactive Softwre New 0.27% +0.27
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Add +150.5% 0.51% +0.27
META Meta Platforms Inc. Class A Add +4.0% 3.00% +0.25
MSTR Strategy Inc. New 0.23% +0.23
VIG Vanguard Dividend Apprec ETF New 0.20% +0.20
TSM Taiwan Semiconductor-SP ADR Add +4.5% 1.31% +0.19
AMD Advanced Micro Devices Add +3.8% 1.16% +0.17
VTI VG Morningstar TS MKT ETF-US New 0.16% +0.16
VNQ Vanguard Real Estate ETF New 0.16% +0.16
MLPA Global X MLP ETF New 0.15% +0.15
GEV GE Vernova Inc. New 0.14% +0.14
NRG NRG Energy Inc. New 0.14% +0.14
CIBR First Trust Nasdaq Cybersecu New 0.14% +0.14
FEP First Trust Europe New 0.14% +0.14
FTNT Fortinet Inc. Add +126.5% 0.27% +0.14
CELH Celsius Holdings Inc. New 0.14% +0.14
FDD First Trust Stoxx Europe New 0.13% +0.13
FKU First Trust United Kingdom New 0.13% +0.13
FOXA Fox Corp. Class A New 0.12% +0.12

Options Activity Q1 2025 → Q2 2025
XLE SS Energy Select Sector call New 191,400 $16.2M
SPY SS SPDR S&P 500 ETF Trust-US put Add +30.3% 15,500 $9.6M
BILL Bill Holdings Inc. call Sold out 200,000 $9.2Mbefore exit
AAPL Apple Inc. call New 43,000 $8.8M
MSFT Microsoft Corp. put Sold out 8,800 $3.3Mbefore exit
NVDA Nvidia Corp. call New 11,300 $1.8M
TSLA Tesla Inc. call Sold out 1,400 $363Kbefore exit

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 287$1.8BNVDA, AAPL, GOOG, QQQ, AMZN
Q1 2026 272$1.4BMSFT, NVDA, AAPL, GOOG, AMZN
Q4 2025 249$1.3BMSFT, NVDA, AAPL, AMZN, QQQ
Q3 2025 212$1.1BMSFT, NVDA, AAPL, AMZN, QQQ
Q2 2025 200$1.1BNVDA, MSFT, AAPL, AMZN, NFLX
Q1 2025 189$875.6MAAPL, MSFT, NVDA, AMZN, LLY
Q4 2024Amended 212$892.7MAAPL, MSFT, NVDA, AMZN, GOOG
Q3 2024 195$793.8MMSFT, AAPL, NVDA, META, AMZN
Q2 2024 169$761.3MNVDA, MSFT, AAPL, AMZN, META
Q1 2024 178$701.0MMSFT, AMZN, AAPL, META, GOOG