RB Capital Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 18, 2024), RB Capital Management, LLC reported 181 stock positions worth $405.1 million. Its top holding was Apple (AAPL) at 17.4% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 5.0%) and Costco Wholesale (COST, 3.8%). Compared with Q2 2024, it opened 12 new positions, sold out of 4, added to 82 and reduced 77. The biggest buy was Chipotle Mexican Grill (CMG, shares +250%) and the biggest sale Nvidia (NVDA, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001695582
- Portfolio Value
- $405.1M (Q3 2024)
- SEC Filing
- 0001095449-24-000090 ↗ filed Nov 18, 2024
Holdings Value
Holdings 181 stocks · $405.1M
| AAPL Apple Inc. | 17.39% | 302,430 | $70.5M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.03% | 44,251 | $20.4M | Add +0.6% |
| COST Costco Wholesale Corp. | 3.79% | 17,313 | $15.3M | Reduce -0.5% |
| NVDA Nvidia Corp. | 3.46% | 115,396 | $14.0M | Reduce -5.7% |
| MSFT Microsoft Corp. | 2.69% | 25,346 | $10.9M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 2.36% | 57,234 | $9.6M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.15% | 15,188 | $8.7M | Add +2.0% |
| META Meta Platforms Inc. Class A | 2.08% | 14,754 | $8.4M | Add +1.1% |
| AMZN Amazon.com Inc. | 2.02% | 43,933 | $8.2M | Reduce -1.9% |
| V Visa Inc. Class A | 1.78% | 26,226 | $7.2M | Add +0.9% |
| JAAA Janus Henderson Aaa Clo ETF | 1.61% | 128,140 | $6.5M | Add +14.1% |
| CRM Salesforce Inc. | 1.44% | 21,242 | $5.8M | Add +0.1% |
| PEP Pepsico Inc. | 1.40% | 33,316 | $5.7M | Reduce -0.2% |
| SBUX Starbucks Corp. | 1.36% | 56,604 | $5.5M | Reduce -9.6% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.35% | 46,184 | $5.5M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 1.34% | 25,669 | $5.4M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 1.33% | 32,539 | $5.4M | Add +3.3% |
| AVGO Broadcom Inc. | 1.26% | 29,641 | $5.1M | Add +0.1% |
| NKE Nike Inc. Class B | 1.23% | 56,203 | $5.0M | Reduce -1.2% |
| AMGN Amgen Inc. | 1.17% | 14,692 | $4.7M | Add +0.6% |
| ABT Abbott Laboratories | 1.16% | 41,183 | $4.7M | Reduce -7.0% |
| MA Mastercard Inc. Class A | 1.14% | 9,357 | $4.6M | Add +3.2% |
| CVX Chevron Corp. | 1.04% | 28,507 | $4.2M | Add +4.6% |
| ADX Adams Diversified Equity | 1.01% | 188,472 | $4.1M | Add +1.7% |
| HD Home Depot Inc. | 0.94% | 9,429 | $3.8M | Reduce -1.1% |
| CAT Caterpillar Inc. | 0.92% | 9,563 | $3.7M | Add +1.6% |
| VGIT Vanguard Intermediate-Term T | 0.92% | 61,821 | $3.7M | Add +7.4% |
| WM Waste Management Inc. | 0.86% | 16,795 | $3.5M | Reduce -4.2% |
| CTAS Cintas Corp. | 0.86% | 16,918 | $3.5M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.84% | 3,835 | $3.4M | Add +29.3% |
| IWM iShares Russell 2000 ETF | 0.81% | 14,865 | $3.3M | Add +0.5% |
| UNH Unitedhealth Group Inc. | 0.78% | 5,381 | $3.1M | Add +0.4% |
| BSVO EA Bridgeway Omni Sm-Cp Val | 0.72% | 132,230 | $2.9M | Add +17.5% |
| KO The Coca-Cola Co. | 0.70% | 39,406 | $2.8M | Reduce -19.1% |
| ABBV Abbvie Inc. | 0.69% | 14,139 | $2.8M | Add +0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.69% | 28,986 | $2.8M | Reduce -12.8% |
| WMT Walmart Inc. | 0.68% | 34,053 | $2.7M | Add +1.1% |
| XOM Exxon Mobil Corp. | 0.64% | 21,999 | $2.6M | Add +1.6% |
| ADBE Adobe Inc. | 0.63% | 4,922 | $2.5M | Reduce -0.1% |
| LMT Lockheed Martin Corp. | 0.62% | 4,270 | $2.5M | Add +0.7% |
| RVT Royce Small-Cap Trust Inc. | 0.61% | 157,938 | $2.5M | Add +1.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.59% | 20,243 | $2.4M | Add +8.4% |
| LULU Lululemon Athletica Inc. | 0.58% | 8,611 | $2.3M | Add +2.9% |
| CMG Chipotle Mexican Grill Inc. | 0.57% | 40,044 | $2.3M | Add +249.7% |
| PG The Procter & Gamble Co. | 0.55% | 12,878 | $2.2M | Reduce -1.5% |
| FTNT Fortinet Inc. | 0.55% | 28,600 | $2.2M | No change |
| URI United Rentals Inc. | 0.55% | 2,730 | $2.2M | Add +5.1% |
| AZO AutoZone Inc. | 0.54% | 692 | $2.2M | Add +0.1% |
| DFAC Dimensional US Core Equity 2 | 0.51% | 60,750 | $2.1M | Reduce -1.6% |
| MCD McDonald's Corp. | 0.49% | 6,494 | $2.0M | Reduce -3.0% |
| INTU Intuit Inc. | 0.49% | 3,169 | $2.0M | Add +0.6% |
| JNJ Johnson & Johnson | 0.48% | 12,032 | $1.9M | Reduce -6.6% |
| TY Tri-Continental Corp. | 0.48% | 58,925 | $1.9M | Add +2.5% |
| NOC Northrop Grumman Corp. | 0.48% | 3,672 | $1.9M | Reduce -0.3% |
| GS Goldman Sachs Group Inc. | 0.48% | 3,913 | $1.9M | Reduce -0.4% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.47% | 57,391 | $1.9M | Add +0.4% |
| AXP American Express Co. | 0.43% | 6,490 | $1.8M | Add +24.4% |
| AVB Avalonbay Communities Inc. | 0.42% | 7,619 | $1.7M | Reduce -0.1% |
| MDLZ Mondelez International Inc. Class A | 0.42% | 22,962 | $1.7M | Reduce -3.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.42% | 42,561 | $1.7M | Add +0.3% |
| PM Philip Morris International | 0.37% | 12,317 | $1.5M | Add +0.1% |
| PSA Public Storage | 0.37% | 4,072 | $1.5M | Reduce -1.8% |
| GNRC Generac Holdings Inc. | 0.35% | 8,977 | $1.4M | Reduce -1.3% |
| YUM Yum! Brands Inc. | 0.35% | 10,189 | $1.4M | Reduce -1.4% |
| AMT American Tower Corp. | 0.33% | 5,814 | $1.4M | Reduce -6.9% |
| NFLX Netflix Inc. | 0.32% | 1,824 | $1.3M | Add +8.0% |
| ROL Rollins Inc. | 0.31% | 24,852 | $1.3M | Reduce -0.8% |
| TXN Texas Instruments Inc. | 0.31% | 6,031 | $1.2M | Add +0.7% |
| HSY The Hershey Co. | 0.31% | 6,465 | $1.2M | Reduce -0.3% |
| HCA HCA Healthcare Inc. | 0.29% | 2,898 | $1.2M | Reduce -1.1% |
| O Realty Income Corp. | 0.29% | 18,376 | $1.2M | Reduce -4.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.28% | 22,426 | $1.1M | Add +214.8% |
| ORCL Oracle Corp. | 0.27% | 6,471 | $1.1M | Reduce -0.3% |
| NOW ServiceNow Inc. | 0.27% | 1,223 | $1.1M | Add +1.8% |
| DECK Deckers Outdoor Corp. | 0.27% | 6,793 | $1.1M | Add +62.2% |
| SWK Stanley Black & Decker Inc. | 0.26% | 9,731 | $1.1M | Add +1.8% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.26% | 14,258 | $1.1M | Reduce -0.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 2,099 | $1.0M | Add +10.7% |
| USA Liberty All Star Equity Fund | 0.25% | 143,621 | $1.0M | Add +2.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 8,554 | $1.0M | Add +4.8% |
| TSLA Tesla Inc. | 0.25% | 3,803 | $995K | Add +1.2% |
| WPC WP Carey Inc. | 0.24% | 15,796 | $984K | Reduce -6.1% |
| RTX RTX Corp. | 0.24% | 8,024 | $972K | Reduce -2.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.24% | 12,268 | $956K | Reduce -1.5% |
| MSCI MSCI Inc. | 0.23% | 1,569 | $914K | Reduce -7.3% |
| DE Deere & Co. | 0.22% | 2,180 | $910K | Add +1.1% |
| VOO Vanguard S&P 500 ETF | 0.22% | 1,702 | $898K | Add +26.2% |
| PANW Palo Alto Networks Inc. | 0.21% | 2,492 | $852K | Add +1.5% |
| SNA Snap-on Inc. | 0.21% | 2,937 | $851K | Reduce -1.0% |
| ISRG Intuitive Surgical Inc. | 0.20% | 1,637 | $804K | Add +0.3% |
| CBOE Cboe Global Markets Inc. | 0.20% | 3,866 | $792K | Add +0.7% |
| DFIV Dimensional International Va | 0.19% | 20,308 | $773K | Add +20.7% |
| PLD Prologis Inc. | 0.19% | 6,097 | $770K | Reduce -1.0% |
| CCI Crown Castle Inc. | 0.19% | 6,392 | $758K | Reduce -24.4% |
| ESS Essex Property Trust Inc. | 0.19% | 2,542 | $751K | Reduce -0.8% |
| ICE Intercontinental Exchange Inc. | 0.18% | 4,539 | $729K | Reduce -6.3% |
| VZ Verizon Communications Inc. | 0.17% | 15,662 | $703K | Reduce -8.3% |
| DLR Digital Realty Trust Inc. | 0.17% | 4,309 | $697K | Reduce -0.6% |
| MRK Merck & Co. Inc. | 0.17% | 6,020 | $684K | Reduce -3.9% |
| HON Honeywell International Inc. | 0.17% | 3,255 | $673K | Reduce -0.8% |
Options reported separately and not counted above: NVDA puts ($3.5M), AAPL calls ($2.3M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $18.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 8,071 | $10.3M | Add +1.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 6,630 | $8.4M | Add +1.1% |
Total filed on the 13F, all lines: $423.9M.
Portfolio Sells Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | Reduce -5.7% | 3.46% | −0.58 |
| GOOG Alphabet Inc. Class C | Reduce -0.4% | 2.36% | −0.45 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 2.02% | −0.29 |
| DIS The Walt Disney Co. | Reduce -12.8% | 0.69% | −0.19 |
| COST Costco Wholesale Corp. | Reduce -0.5% | 3.79% | −0.16 |
| WM Waste Management Inc. | Reduce -4.2% | 0.86% | −0.14 |
| KO The Coca-Cola Co. | Reduce -19.1% | 0.70% | −0.13 |
| MGM MGM Resorts International | Reduce -38.0% | 0.12% | −0.11 |
| ADBE Adobe Inc. | Reduce -0.1% | 0.63% | −0.10 |
| INTC Intel Corp. | Sold out | 0.00% | −0.10 |
| PEP Pepsico Inc. | Reduce -0.2% | 1.40% | −0.07 |
| ABT Abbott Laboratories | Reduce -7.0% | 1.16% | −0.07 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.06 |
| BG Bunge Global SA | Sold out | 0.00% | −0.06 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -3.9% | 0.17% | −0.04 |
| CCI Crown Castle Inc. | Reduce -24.4% | 0.19% | −0.03 |
| LEA Lear Corp. | Reduce -30.1% | 0.05% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -1.5% | 0.55% | −0.03 |
| UPS United Parcel Service Class B | Reduce -21.8% | 0.06% | −0.02 |
| F Ford Motor Co. | Reduce -3.5% | 0.07% | −0.02 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -1.5% | 0.24% | −0.02 |
| FDX FedEx Corp. | Reduce -2.3% | 0.11% | −0.02 |
| JNJ Johnson & Johnson | Reduce -6.6% | 0.48% | −0.02 |
| TGT Target Corp. | Reduce -21.0% | 0.07% | −0.02 |
| HON Honeywell International Inc. | Reduce -0.8% | 0.17% | −0.02 |
| LYB Lyondellbasell Indu Class A | Reduce -13.4% | 0.08% | −0.02 |
| EMR Emerson Electric Co. | Reduce -2.9% | 0.16% | −0.02 |
| DFAC Dimensional US Core Equity 2 | Reduce -1.6% | 0.51% | −0.02 |
| ROL Rollins Inc. | Reduce -0.8% | 0.31% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -8.3% | 0.17% | −0.01 |
| YUM Yum! Brands Inc. | Reduce -1.4% | 0.35% | −0.01 |
| DOW Dow Inc. | Reduce -9.4% | 0.09% | −0.01 |
| HSY The Hershey Co. | Reduce -0.3% | 0.31% | −0.01 |
| BCX BlackRock Resources & Commod | Reduce -4.1% | 0.15% | −0.01 |
| SUI Sun Communities Inc. | Reduce -10.5% | 0.12% | −0.01 |
| ELS Equity Lifestyle Properties | Reduce -6.7% | 0.12% | −0.01 |
| CSX CSX Corp. | Reduce -3.7% | 0.08% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -5.4% | 0.09% | −0.01 |
| DFAX Dimensional World Ex US Core | Reduce -5.0% | 0.09% | −0.01 |
| PFE Pfizer Inc. | Reduce -2.4% | 0.09% | −0.01 |
| MUC BlackRock Munihold Ca QLTY | Reduce -2.3% | 0.08% | −0.01 |
| RFI Cohen & Steers Tot Ret RLTY | Reduce -11.1% | 0.07% | −0.01 |
| WPC WP Carey Inc. | Reduce -6.1% | 0.24% | −0.00 |
| DLR Digital Realty Trust Inc. | Reduce -0.6% | 0.17% | −0.00 |
| ETN Eaton Corp. PLC | Reduce -0.9% | 0.12% | −0.00 |
| DFUV Dimensional US Marketwide Va | Reduce -2.3% | 0.09% | −0.00 |
| VMRK Vivmark Residential | Reduce -0.6% | 0.26% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -18.3% | 0.06% | −0.00 |
| ZTS Zoetis Inc. | Reduce -7.1% | 0.06% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| CMG Chipotle Mexican Grill Inc. | Add +249.7% | 0.57% | +0.38 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 5.03% | +0.25 |
| ONON On Holding AG Class A | Add +214.8% | 0.28% | +0.20 |
| LLY Eli Lilly & Co. | Add +29.3% | 0.84% | +0.12 |
| META Meta Platforms Inc. Class A | Add +1.1% | 2.08% | +0.12 |
| AXP American Express Co. | Add +24.4% | 0.43% | +0.11 |
| BSVO EA Bridgeway Omni Sm-Cp Val | Add +17.5% | 0.72% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.10% | +0.10 |
| URI United Rentals Inc. | Add +5.1% | 0.55% | +0.10 |
| FIS Fidelity National Info Serv | New | 0.09% | +0.09 |
| DECK Deckers Outdoor Corp. | Add +62.2% | 0.27% | +0.09 |
| LMT Lockheed Martin Corp. | Add +0.7% | 0.62% | +0.09 |
| CAT Caterpillar Inc. | Add +1.6% | 0.92% | +0.09 |
| JAAA Janus Henderson Aaa Clo ETF | Add +14.1% | 1.61% | +0.08 |
| MA Mastercard Inc. Class A | Add +3.2% | 1.14% | +0.07 |
| WMT Walmart Inc. | Add +1.1% | 0.68% | +0.07 |
| EIX Edison International | New | 0.06% | +0.06 |
| SWK Stanley Black & Decker Inc. | Add +1.8% | 0.26% | +0.06 |
| DFLV Dim US Large Cap Value ETF | New | 0.06% | +0.06 |
| KIM Kimco Realty Corp. | New | 0.06% | +0.06 |
| NOBL Proshares S&P 500 Dividend A | New | 0.06% | +0.06 |
| RACE Ferrari NV | New | 0.05% | +0.05 |
| ITW Illinois Tool Works | New | 0.05% | +0.05 |
| CMI Cummins Inc. | New | 0.05% | +0.05 |
| DFUS Dimensional US Eq MKT ETF | New | 0.05% | +0.05 |
| GRMN Garmin Ltd. | New | 0.05% | +0.05 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.05% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +0.4% | 0.78% | +0.05 |
| TSLA Tesla Inc. | Add +1.2% | 0.25% | +0.05 |
| DISV Dimensional International SM | Add +76.9% | 0.10% | +0.04 |
| ABBV Abbvie Inc. | Add +0.2% | 0.69% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +26.2% | 0.22% | +0.04 |
| PM Philip Morris International | Add +0.1% | 0.37% | +0.04 |
| VICI Vici Properties Inc. | Add +0.4% | 0.47% | +0.03 |
| DFIV Dimensional International Va | Add +20.7% | 0.19% | +0.03 |
| VGIT Vanguard Intermediate-Term T | Add +7.4% | 0.92% | +0.03 |
| CBOE Cboe Global Markets Inc. | Add +0.7% | 0.20% | +0.02 |
| NOW ServiceNow Inc. | Add +1.8% | 0.27% | +0.02 |
| GE General Electric | Add +14.6% | 0.08% | +0.02 |
| AMAT Applied Materials Inc. | Add +42.3% | 0.13% | +0.01 |
| MMM 3M Co. | Add +0.4% | 0.08% | +0.01 |
| NFLX Netflix Inc. | Add +8.0% | 0.32% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +0.0% | 0.14% | +0.01 |
| ALL Allstate Corp. | Add +0.4% | 0.14% | +0.01 |
| LOW Lowe's Cos Inc. | Add +0.3% | 0.09% | +0.01 |
| ED Consolidated Edison Inc. | Add +6.0% | 0.08% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +10.7% | 0.25% | +0.01 |
| EQIX Equinix Inc. | Add +0.4% | 0.12% | +0.01 |
| DE Deere & Co. | Add +1.1% | 0.22% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +0.5% | 0.81% | +0.01 |
Options Activity Q2 2024 → Q3 2024
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.3% | 8,071 | $10.3M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +1.1% | 6,630 | $8.4M |
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 | 196 | $492.7M | AAPL, BRK.B, NVDA, GOOG, COST |
| Q1 2026 | 181 | $452.1M | AAPL, BRK.B, NVDA, COST, GOOG |
| Q4 2025 | 189 | $473.9M | AAPL, BRK.B, NVDA, GOOG, COST |
| Q3 2025 | 182 | $460.3M | AAPL, BRK.B, NVDA, COST, MSFT |
| Q2 2025 | 174 | $423.6M | AAPL, BRK.B, NVDA, COST, MSFT |
| Q1 2025 | 173 | $393.0M | AAPL, BRK.B, COST, NVDA, MSFT |
| Q4 2024 | 184 | $409.8M | AAPL, BRK.B, COST, NVDA, MSFT |
| Q3 2024 | 181 | $405.1M | AAPL, BRK.B, COST, NVDA, MSFT |
| Q2 2024 | 173 | $374.2M | AAPL, BRK.B, NVDA, COST, MSFT |
| Q1 2024 | 177 | $355.8M | AAPL, BRK.B, COST, NVDA, MSFT |