RB Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 18, 2025), RB Capital Management, LLC reported 184 stock positions worth $409.8 million. Its top holding was Apple (AAPL) at 17.5% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.9%) and Costco Wholesale (COST, 3.8%). Compared with Q3 2024, it opened 7 new positions, sold out of 4, added to 86 and reduced 80. The biggest buy was Broadcom (AVGO, shares +2%) and the biggest sale Nike Class B (NKE, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001695582
- Portfolio Value
- $409.8M (Q4 2024)
- SEC Filing
- 0001095449-25-000013 ↗ filed Feb 18, 2025
Holdings Value
Holdings 184 stocks · $409.8M
| AAPL Apple Inc. | 17.47% | 285,895 | $71.6M | Reduce -5.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.95% | 44,738 | $20.3M | Add +1.1% |
| COST Costco Wholesale Corp. | 3.82% | 17,104 | $15.7M | Reduce -1.2% |
| NVDA Nvidia Corp. | 3.57% | 108,991 | $14.6M | Reduce -5.5% |
| MSFT Microsoft Corp. | 2.61% | 25,330 | $10.7M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 2.54% | 54,656 | $10.4M | Reduce -4.5% |
| AMZN Amazon.com Inc. | 2.34% | 43,648 | $9.6M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.20% | 15,390 | $9.0M | Add +1.3% |
| META Meta Platforms Inc. Class A | 2.13% | 14,874 | $8.7M | Add +0.8% |
| V Visa Inc. Class A | 2.03% | 26,313 | $8.3M | Add +0.3% |
| JAAA Janus Henderson Aaa Clo ETF | 1.81% | 146,389 | $7.4M | Add +14.2% |
| CRM Salesforce Inc. | 1.73% | 21,210 | $7.1M | Reduce -0.1% |
| AVGO Broadcom Inc. | 1.71% | 30,189 | $7.0M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 1.53% | 26,212 | $6.3M | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 1.52% | 32,964 | $6.2M | Add +1.3% |
| SBUX Starbucks Corp. | 1.26% | 56,656 | $5.2M | Add +0.1% |
| MA Mastercard Inc. Class A | 1.23% | 9,540 | $5.0M | Add +2.0% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.19% | 46,340 | $4.9M | Add +0.3% |
| PEP Pepsico Inc. | 1.19% | 31,940 | $4.9M | Reduce -4.1% |
| ABT Abbott Laboratories | 1.11% | 40,246 | $4.6M | Reduce -2.3% |
| CVX Chevron Corp. | 1.04% | 29,334 | $4.2M | Add +2.9% |
| ADX Adams Diversified Equity | 1.01% | 204,156 | $4.1M | Add +8.3% |
| NKE Nike Inc. Class B | 0.97% | 52,436 | $4.0M | Reduce -6.7% |
| AMGN Amgen Inc. | 0.96% | 15,093 | $3.9M | Add +2.7% |
| VGIT Vanguard Intermediate-Term T | 0.89% | 63,147 | $3.7M | Add +2.1% |
| HD Home Depot Inc. | 0.88% | 9,323 | $3.6M | Reduce -1.1% |
| CAT Caterpillar Inc. | 0.86% | 9,746 | $3.5M | Add +1.9% |
| WM Waste Management Inc. | 0.82% | 16,663 | $3.4M | Reduce -0.8% |
| IWM iShares Russell 2000 ETF | 0.81% | 14,930 | $3.3M | Add +0.4% |
| LULU Lululemon Athletica Inc. | 0.80% | 8,551 | $3.3M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 0.76% | 4,015 | $3.1M | Add +4.7% |
| WMT Walmart Inc. | 0.75% | 33,827 | $3.1M | Reduce -0.7% |
| CTAS Cintas Corp. | 0.74% | 16,684 | $3.0M | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.74% | 27,091 | $3.0M | Reduce -6.5% |
| BSVO EA Bridgeway Omni Sm-Cp Val | 0.71% | 133,622 | $2.9M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 0.67% | 5,415 | $2.7M | Add +0.6% |
| FTNT Fortinet Inc. | 0.66% | 28,600 | $2.7M | No change |
| RVT Royce Small-Cap Trust Inc. | 0.65% | 168,405 | $2.7M | Add +6.6% |
| CMG Chipotle Mexican Grill Inc. | 0.62% | 42,458 | $2.6M | Add +6.0% |
| ABBV Abbvie Inc. | 0.60% | 13,869 | $2.5M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.60% | 22,733 | $2.4M | Add +3.3% |
| KO The Coca-Cola Co. | 0.58% | 38,118 | $2.4M | Reduce -3.3% |
| GS Goldman Sachs Group Inc. | 0.57% | 4,059 | $2.3M | Add +3.7% |
| ADBE Adobe Inc. | 0.54% | 4,944 | $2.2M | Add +0.5% |
| PG The Procter & Gamble Co. | 0.53% | 12,892 | $2.2M | Add +0.1% |
| AZO AutoZone Inc. | 0.53% | 672 | $2.2M | Reduce -2.9% |
| LMT Lockheed Martin Corp. | 0.52% | 4,372 | $2.1M | Add +2.4% |
| DFAC Dimensional US Core Equity 2 | 0.52% | 61,208 | $2.1M | Add +0.8% |
| AXP American Express Co. | 0.49% | 6,791 | $2.0M | Add +4.6% |
| TY Tri-Continental Corp. | 0.49% | 63,187 | $2.0M | Add +7.2% |
| INTU Intuit Inc. | 0.48% | 3,161 | $2.0M | Reduce -0.3% |
| URI United Rentals Inc. | 0.47% | 2,751 | $1.9M | Add +0.8% |
| MCD McDonald's Corp. | 0.47% | 6,616 | $1.9M | Add +1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 41,662 | $1.8M | Reduce -2.1% |
| NOC Northrop Grumman Corp. | 0.42% | 3,688 | $1.7M | Add +0.4% |
| NFLX Netflix Inc. | 0.41% | 1,895 | $1.7M | Add +3.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.40% | 19,292 | $1.7M | Reduce -4.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.40% | 56,509 | $1.7M | Reduce -1.5% |
| AVB Avalonbay Communities Inc. | 0.40% | 7,407 | $1.6M | Reduce -2.8% |
| JNJ Johnson & Johnson | 0.39% | 11,099 | $1.6M | Reduce -7.8% |
| DECK Deckers Outdoor Corp. | 0.37% | 7,452 | $1.5M | Add +9.7% |
| PM Philip Morris International | 0.36% | 12,273 | $1.5M | Reduce -0.4% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.35% | 26,396 | $1.4M | Add +17.7% |
| GNRC Generac Holdings Inc. | 0.33% | 8,852 | $1.4M | Reduce -1.4% |
| NOW ServiceNow Inc. | 0.32% | 1,229 | $1.3M | Add +0.5% |
| YUM Yum! Brands Inc. | 0.32% | 9,654 | $1.3M | Reduce -5.3% |
| PSA Public Storage | 0.30% | 4,069 | $1.2M | Reduce -0.1% |
| MDLZ Mondelez International Inc. Class A | 0.30% | 20,305 | $1.2M | Reduce -11.6% |
| TXN Texas Instruments Inc. | 0.28% | 6,069 | $1.1M | Add +0.6% |
| ROL Rollins Inc. | 0.28% | 24,384 | $1.1M | Reduce -1.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 2,195 | $1.1M | Add +4.6% |
| ORCL Oracle Corp. | 0.27% | 6,661 | $1.1M | Add +2.9% |
| HSY The Hershey Co. | 0.27% | 6,514 | $1.1M | Add +0.8% |
| VOO Vanguard S&P 500 ETF | 0.27% | 2,021 | $1.1M | Add +18.7% |
| TSLA Tesla Inc. | 0.26% | 2,648 | $1.1M | Reduce -30.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 8,579 | $1.0M | Add +0.3% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.24% | 13,963 | $1.0M | Reduce -2.1% |
| PANW Palo Alto Networks Inc. | 0.24% | 5,442 | $990K | Add +9.2% |
| AMT American Tower Corp. | 0.24% | 5,284 | $969K | Reduce -9.1% |
| USA Liberty All Star Equity Fund | 0.24% | 139,089 | $967K | Reduce -3.2% |
| RTX RTX Corp. | 0.23% | 8,210 | $950K | Add +2.3% |
| SNA Snap-on Inc. | 0.23% | 2,736 | $929K | Reduce -6.8% |
| MSCI MSCI Inc. | 0.22% | 1,519 | $911K | Reduce -3.2% |
| HCA HCA Healthcare Inc. | 0.22% | 2,972 | $892K | Add +2.5% |
| O Realty Income Corp. | 0.22% | 16,515 | $882K | Reduce -10.1% |
| DE Deere & Co. | 0.21% | 2,027 | $859K | Reduce -7.0% |
| ISRG Intuitive Surgical Inc. | 0.21% | 1,637 | $854K | No change |
| WFC Wells Fargo & Co. | 0.20% | 11,653 | $819K | Add +3.7% |
| SWK Stanley Black & Decker Inc. | 0.19% | 9,762 | $784K | Add +0.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.19% | 11,954 | $783K | Reduce -2.6% |
| WPC WP Carey Inc. | 0.19% | 14,063 | $766K | Reduce -11.0% |
| CBOE Cboe Global Markets Inc. | 0.18% | 3,871 | $756K | Add +0.1% |
| DLR Digital Realty Trust Inc. | 0.18% | 4,201 | $745K | Reduce -2.5% |
| DFIV Dimensional International Va | 0.18% | 20,718 | $735K | Add +2.0% |
| EMR Emerson Electric Co. | 0.18% | 5,832 | $723K | Reduce -1.7% |
| HON Honeywell International Inc. | 0.17% | 3,171 | $716K | Reduce -2.6% |
| ESS Essex Property Trust Inc. | 0.17% | 2,400 | $685K | Reduce -5.6% |
| ICE Intercontinental Exchange Inc. | 0.16% | 4,504 | $671K | Reduce -0.8% |
| VGT Vanguard Info Tech ETF | 0.15% | 1,019 | $634K | No change |
| UBER Uber Technologies Inc. | 0.15% | 10,270 | $619K | Add +18.7% |
Options reported separately and not counted above: AAPL puts ($7.5M), NVDA puts ($3.2M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $17.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 8,094 | $9.7M | Add +0.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 6,686 | $8.2M | Add +0.8% |
Total filed on the 13F, all lines: $427.6M.
Portfolio Sells Q3 2024 → Q4 2024
| NKE Nike Inc. Class B | Reduce -6.7% | 0.97% | −0.26 |
| PEP Pepsico Inc. | Reduce -4.1% | 1.19% | −0.21 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -4.7% | 0.40% | −0.19 |
| MDLZ Mondelez International Inc. Class A | Reduce -11.6% | 0.30% | −0.12 |
| KO The Coca-Cola Co. | Reduce -3.3% | 0.58% | −0.12 |
| CTAS Cintas Corp. | Reduce -1.4% | 0.74% | −0.12 |
| AMT American Tower Corp. | Reduce -9.1% | 0.24% | −0.10 |
| JNJ Johnson & Johnson | Reduce -7.8% | 0.39% | −0.09 |
| ABBV Abbvie Inc. | Reduce -1.9% | 0.60% | −0.09 |
| MSFT Microsoft Corp. | Reduce -0.1% | 2.61% | −0.09 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.08 |
| CCI Crown Castle Inc. | Reduce -21.1% | 0.11% | −0.08 |
| O Realty Income Corp. | Reduce -10.1% | 0.22% | −0.07 |
| VICI Vici Properties Inc. | Reduce -1.5% | 0.40% | −0.07 |
| PSA Public Storage | Reduce -0.1% | 0.30% | −0.07 |
| MGM MGM Resorts International | Reduce -48.6% | 0.05% | −0.06 |
| HD Home Depot Inc. | Reduce -1.1% | 0.88% | −0.06 |
| WPC WP Carey Inc. | Reduce -11.0% | 0.19% | −0.06 |
| RACE Ferrari NV | Sold out | 0.00% | −0.05 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.05 |
| PLD Prologis Inc. | Reduce -12.0% | 0.14% | −0.05 |
| LEA Lear Corp. | Sold out | 0.00% | −0.05 |
| ABT Abbott Laboratories | Reduce -2.3% | 1.11% | −0.05 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -2.6% | 0.19% | −0.04 |
| WM Waste Management Inc. | Reduce -0.8% | 0.82% | −0.04 |
| YUM Yum! Brands Inc. | Reduce -5.3% | 0.32% | −0.04 |
| ROL Rollins Inc. | Reduce -1.9% | 0.28% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -7.5% | 0.14% | −0.03 |
| DOW Dow Inc. | Reduce -11.5% | 0.06% | −0.03 |
| SUI Sun Communities Inc. | Reduce -15.7% | 0.09% | −0.03 |
| AVB Avalonbay Communities Inc. | Reduce -2.8% | 0.40% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -2.4% | 0.14% | −0.03 |
| XRNPX Cohen & Steers REIT and Pref | Reduce -4.0% | 0.13% | −0.02 |
| ELS Equity Lifestyle Properties | Reduce -9.3% | 0.10% | −0.02 |
| ESS Essex Property Trust Inc. | Reduce -5.6% | 0.17% | −0.02 |
| VMRK Vivmark Residential | Reduce -2.1% | 0.24% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -17.6% | 0.06% | −0.02 |
| GNRC Generac Holdings Inc. | Reduce -1.4% | 0.33% | −0.02 |
| ICE Intercontinental Exchange Inc. | Reduce -0.8% | 0.16% | −0.02 |
| ED Consolidated Edison Inc. | Reduce -4.4% | 0.07% | −0.02 |
| USA Liberty All Star Equity Fund | Reduce -3.2% | 0.24% | −0.02 |
| DE Deere & Co. | Reduce -7.0% | 0.21% | −0.01 |
| HPQ HP Inc. | Reduce -8.6% | 0.07% | −0.01 |
| AZO AutoZone Inc. | Reduce -2.9% | 0.53% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -5.5% | 0.07% | −0.01 |
| SO The Southern Co. | Reduce -1.9% | 0.10% | −0.01 |
| ZTS Zoetis Inc. | Reduce -2.6% | 0.05% | −0.01 |
| TGT Target Corp. | Reduce -1.8% | 0.06% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -0.9% | 0.08% | −0.01 |
| PFE Pfizer Inc. | Reduce -2.6% | 0.08% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +1.9% | 1.71% | +0.45 |
| V Visa Inc. Class A | Add +0.3% | 2.03% | +0.25 |
| JAAA Janus Henderson Aaa Clo ETF | Add +14.2% | 1.81% | +0.20 |
| JPM JPMorgan Chase & Co. | Add +2.1% | 1.53% | +0.20 |
| GOOGL Alphabet Inc. Class A | Add +1.3% | 1.52% | +0.19 |
| TTD Trade Desk Inc./the Class A | New | 0.14% | +0.14 |
| DECK Deckers Outdoor Corp. | Add +9.7% | 0.37% | +0.10 |
| GEV GE Vernova Inc. | New | 0.10% | +0.10 |
| NFLX Netflix Inc. | Add +3.9% | 0.41% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +3.7% | 0.57% | +0.09 |
| MA Mastercard Inc. Class A | Add +2.0% | 1.23% | +0.09 |
| BLK BlackRock Inc. | New | 0.08% | +0.08 |
| ONON On Holding AG Class A | Add +17.7% | 0.35% | +0.08 |
| SHAK Shake Shack Inc. Class A | New | 0.07% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | New | 0.07% | +0.07 |
| AXP American Express Co. | Add +4.6% | 0.49% | +0.06 |
| CMG Chipotle Mexican Grill Inc. | Add +6.0% | 0.62% | +0.06 |
| KRE SS SPDR S&P Regional Bank | New | 0.05% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.3% | 2.20% | +0.05 |
| MS Morgan Stanley | New | 0.05% | +0.05 |
| NOW ServiceNow Inc. | Add +0.5% | 0.32% | +0.05 |
| GE General Electric | Add +77.0% | 0.13% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +18.7% | 0.27% | +0.04 |
| WFC Wells Fargo & Co. | Add +3.7% | 0.20% | +0.04 |
| META Meta Platforms Inc. Class A | Add +0.8% | 2.13% | +0.04 |
| RVT Royce Small-Cap Trust Inc. | Add +6.6% | 0.65% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +9.2% | 0.24% | +0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +47.7% | 0.07% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.6% | 0.27% | +0.02 |
| BX Blackstone Inc. | Add +0.3% | 0.12% | +0.01 |
| DFAX Dimensional World Ex US Core | Add +23.6% | 0.11% | +0.01 |
| TY Tri-Continental Corp. | Add +7.2% | 0.49% | +0.01 |
| CME Cme Group Inc. | Add +1.5% | 0.13% | +0.01 |
| DFUS Dimensional US Eq MKT ETF | Add +10.7% | 0.06% | +0.01 |
| EQIX Equinix Inc. | Add +0.4% | 0.12% | +0.01 |
| FIS Fidelity National Info Serv | Add +12.2% | 0.10% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.09% | +0.00 |
| TJX TJX Companies Inc. | Add +0.3% | 0.25% | +0.00 |
| DFAC Dimensional US Core Equity 2 | Add +0.8% | 0.52% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.10% | +0.00 |
| DISV Dimensional International SM | Add +11.3% | 0.10% | +0.00 |
| CVX Chevron Corp. | Add +2.9% | 1.04% | +0.00 |
| VCV Invesco Ca Val Muni Inc. TR | Add +1.9% | 0.03% | +0.00 |
| DFLV Dim US Large Cap Value ETF | Add +4.0% | 0.06% | +0.00 |
| EOD Allspring Global Dividend Op | Add +1.2% | 0.06% | −0.00 |
| IBM Intl Business Machines Corp. | Add +0.5% | 0.06% | −0.00 |
| SYK Stryker Corp. | Add +0.2% | 0.08% | −0.00 |
| NOBL Proshares S&P 500 Dividend A | Add +6.4% | 0.06% | −0.00 |
| UPS United Parcel Service Class B | Add +7.3% | 0.06% | −0.00 |
| ORCL Oracle Corp. | Add +2.9% | 0.27% | −0.00 |
Options Activity Q3 2024 → Q4 2024
| AAPL Apple Inc. | put | New | 30,000 | $7.5M |
| NVDA Nvidia Corp. | put | Reduce -17.2% | 24,000 | $3.2M |
| AAPL Apple Inc. | call | Sold out | 10,000 | $2.3Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.3% | 8,094 | $9.7M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.8% | 6,686 | $8.2M |
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 |