RB Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), RB Capital Management, LLC reported 182 stock positions worth $460.3 million. Its top holding was Apple (AAPL) at 15.4% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.9%) and Nvidia (NVDA, 4.5%). Compared with Q2 2025, it opened 10 new positions, sold out of 2, added to 111 and reduced 56. The biggest buy was Alphabet Class C (GOOG, shares +0%) and the biggest sale Costco Wholesale (COST, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- RENO, NV
- CIK
- 0001695582
- Portfolio Value
- $460.3M (Q3 2025)
- SEC Filing
- 0001695582-25-000003 ↗ filed Oct 21, 2025
Holdings Value
Holdings 182 stocks · $460.3M
| AAPL Apple Inc. | 15.39% | 278,196 | $70.8M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.88% | 44,681 | $22.5M | Add +0.2% |
| NVDA Nvidia Corp. | 4.47% | 110,359 | $20.6M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 3.38% | 16,793 | $15.5M | Reduce -1.3% |
| MSFT Microsoft Corp. | 3.16% | 28,053 | $14.5M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 2.84% | 53,620 | $13.1M | Add +0.2% |
| META Meta Platforms Inc. Class A | 2.50% | 15,669 | $11.5M | Add +1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.31% | 15,966 | $10.6M | Reduce -2.0% |
| AVGO Broadcom Inc. | 2.25% | 31,362 | $10.3M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 2.20% | 46,217 | $10.1M | Add +1.6% |
| V Visa Inc. Class A | 2.03% | 27,405 | $9.4M | Add +2.0% |
| JPM JPMorgan Chase & Co. | 1.93% | 28,119 | $8.9M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 1.87% | 35,319 | $8.6M | Add +1.7% |
| JAAA Janus Henderson Aaa Clo ETF | 1.65% | 149,454 | $7.6M | Reduce -2.1% |
| MA Mastercard Inc. Class A | 1.24% | 10,050 | $5.7M | Add +1.7% |
| ABT Abbott Laboratories | 1.19% | 40,909 | $5.5M | Add +0.6% |
| CRM Salesforce Inc. | 1.10% | 21,303 | $5.0M | Add +0.1% |
| CVX Chevron Corp. | 1.07% | 31,645 | $4.9M | Reduce -0.0% |
| CAT Caterpillar Inc. | 1.06% | 10,223 | $4.9M | Add +2.6% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.04% | 46,739 | $4.8M | Add +2.5% |
| ADX Adams Diversified Equity | 1.02% | 210,594 | $4.7M | Add +4.2% |
| SBUX Starbucks Corp. | 1.01% | 55,021 | $4.7M | Add +0.1% |
| AMGN Amgen Inc. | 0.98% | 16,020 | $4.5M | Add +2.7% |
| PEP Pepsico Inc. | 0.98% | 32,059 | $4.5M | Add +0.6% |
| WMT Walmart Inc. | 0.86% | 38,222 | $3.9M | Add +4.0% |
| HD Home Depot Inc. | 0.84% | 9,554 | $3.9M | Add +0.8% |
| BSVO EA Bridgeway Omni Sm-Cp Val | 0.83% | 167,958 | $3.8M | Add +3.8% |
| VGIT Vanguard Intermediate-Term T | 0.82% | 62,582 | $3.8M | Reduce -7.3% |
| WM Waste Management Inc. | 0.81% | 16,945 | $3.7M | Add +1.1% |
| IWM iShares Russell 2000 ETF | 0.79% | 15,032 | $3.6M | Add +1.2% |
| LLY Eli Lilly & Co. | 0.76% | 4,597 | $3.5M | Add +2.1% |
| GS Goldman Sachs Group Inc. | 0.76% | 4,388 | $3.5M | Add +2.6% |
| ABBV Abbvie Inc. | 0.74% | 14,629 | $3.4M | Add +2.6% |
| CTAS Cintas Corp. | 0.73% | 16,471 | $3.4M | Add +0.6% |
| AXP American Express Co. | 0.69% | 9,605 | $3.2M | Add +6.1% |
| NKE Nike Inc. Class B | 0.69% | 45,352 | $3.2M | Reduce -2.1% |
| NFLX Netflix Inc. | 0.66% | 2,515 | $3.0M | Add +7.3% |
| AZO AutoZone Inc. | 0.65% | 694 | $3.0M | Add +1.5% |
| URI United Rentals Inc. | 0.62% | 2,973 | $2.8M | Add +2.7% |
| XOM Exxon Mobil Corp. | 0.60% | 24,514 | $2.8M | Add +3.9% |
| RVT Royce Small-Cap Trust Inc. | 0.58% | 165,823 | $2.7M | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.57% | 22,938 | $2.6M | Reduce -10.3% |
| DFAC Dimensional US Core Equity 2 | 0.57% | 67,799 | $2.6M | Add +1.4% |
| BLK BlackRock Inc. | 0.54% | 2,114 | $2.5M | Add +16.4% |
| NOC Northrop Grumman Corp. | 0.53% | 3,998 | $2.4M | Add +3.4% |
| FTNT Fortinet Inc. | 0.51% | 27,975 | $2.4M | Reduce -2.4% |
| LMT Lockheed Martin Corp. | 0.51% | 4,675 | $2.3M | Add +2.9% |
| KO The Coca-Cola Co. | 0.51% | 35,137 | $2.3M | Add +1.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.50% | 44,660 | $2.3M | Add +2.3% |
| INTU Intuit Inc. | 0.48% | 3,238 | $2.2M | Add +1.5% |
| UBER Uber Technologies Inc. | 0.47% | 22,103 | $2.2M | Add +21.3% |
| TY Tri-Continental Corp. | 0.45% | 61,581 | $2.1M | Add +1.0% |
| JNJ Johnson & Johnson | 0.44% | 10,816 | $2.0M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.43% | 6,501 | $2.0M | Add +0.3% |
| ZM Zoom Communications Inc. | 0.41% | 22,993 | $1.9M | Add +16.6% |
| PM Philip Morris International | 0.41% | 11,512 | $1.9M | Add +0.7% |
| VOO Vanguard S&P 500 ETF | 0.40% | 3,033 | $1.9M | Add +26.6% |
| PG The Procter & Gamble Co. | 0.40% | 12,063 | $1.9M | Reduce -5.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.39% | 55,002 | $1.8M | Reduce -1.4% |
| ORCL Oracle Corp. | 0.39% | 6,343 | $1.8M | Reduce -0.6% |
| CMG Chipotle Mexican Grill Inc. | 0.36% | 42,128 | $1.7M | Reduce -1.6% |
| ADBE Adobe Inc. | 0.35% | 4,574 | $1.6M | Reduce -7.2% |
| GE General Electric filed as GE AEROSPACE | 0.34% | 5,230 | $1.6M | Add +13.4% |
| YUM Yum! Brands Inc. | 0.34% | 10,199 | $1.6M | Add +0.3% |
| GNRC Generac Holdings Inc. | 0.33% | 8,972 | $1.5M | Reduce -0.1% |
| PANW Palo Alto Networks Inc. | 0.33% | 7,349 | $1.5M | Add +11.1% |
| ROL Rollins Inc. | 0.32% | 25,371 | $1.5M | Add +3.5% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.32% | 34,712 | $1.5M | Add +8.5% |
| RTX RTX Corp. | 0.31% | 8,598 | $1.4M | Add +1.6% |
| BKNG Booking Holdings Inc. | 0.31% | 266 | $1.4M | Add +104.6% |
| AVB Avalonbay Communities Inc. | 0.31% | 7,402 | $1.4M | Reduce -0.1% |
| HCA HCA Healthcare Inc. | 0.29% | 3,172 | $1.4M | Reduce -1.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 2,219 | $1.3M | Reduce -0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.29% | 9,132 | $1.3M | Add +0.2% |
| LULU Lululemon Athletica Inc. | 0.28% | 7,304 | $1.3M | Reduce -15.2% |
| PLTR Palantir Technologies Inc. Class A | 0.27% | 6,887 | $1.3M | Add +14.8% |
| NOW ServiceNow Inc. | 0.26% | 1,286 | $1.2M | Reduce -1.1% |
| TSLA Tesla Inc. | 0.26% | 2,649 | $1.2M | Add +1.9% |
| HSY The Hershey Co. | 0.25% | 6,261 | $1.2M | Add +0.3% |
| PSA Public Storage | 0.25% | 4,043 | $1.2M | Reduce -0.9% |
| TXN Texas Instruments Inc. | 0.25% | 6,194 | $1.1M | Add +0.6% |
| CBOE Cboe Global Markets Inc. | 0.24% | 4,581 | $1.1M | Add +5.5% |
| DE Deere & Co. | 0.24% | 2,447 | $1.1M | Add +12.0% |
| DECK Deckers Outdoor Corp. | 0.24% | 10,679 | $1.1M | Add +1.0% |
| DFIV Dimensional International Va | 0.23% | 23,232 | $1.1M | Reduce -1.1% |
| O Realty Income Corp. | 0.22% | 16,473 | $1.0M | Reduce -0.7% |
| MDLZ Mondelez International Inc. Class A | 0.21% | 15,634 | $977K | Reduce -8.8% |
| WFC Wells Fargo & Co. | 0.21% | 11,543 | $968K | Reduce -1.3% |
| USA Liberty All Star Equity Fund | 0.21% | 149,790 | $950K | Add +4.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.20% | 8,381 | $913K | Add +4.9% |
| SNA Snap-on Inc. | 0.19% | 2,589 | $897K | Add +0.6% |
| AMT American Tower Corp. | 0.19% | 4,641 | $893K | Reduce -4.4% |
| UNH Unitedhealth Group Inc. | 0.19% | 2,573 | $888K | Reduce -43.9% |
| WPC WP Carey Inc. | 0.19% | 13,072 | $883K | Add +1.0% |
| GEV GE Vernova Inc. | 0.19% | 1,398 | $860K | Add +2.3% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.19% | 13,272 | $859K | Add +0.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.18% | 11,092 | $851K | Add +5.3% |
| MSCI MSCI Inc. | 0.17% | 1,396 | $792K | Reduce -3.3% |
| EMR Emerson Electric Co. | 0.17% | 5,893 | $773K | Add +0.1% |
| VGT Vanguard Info Tech ETF | 0.17% | 1,019 | $761K | No change |
Options reported separately and not counted above: APPLE INC puts ($5.1M).
Other holdings (5): bonds, preferreds, convertibles and warrants · $19.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 8,138 | $10.0M | Add +0.2% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 6,886 | $8.8M | Add +1.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 14,200 | $287K | Reduce -2.7% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 10,000 | $9K | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 10,000 | $9K | New |
Total filed on the 13F, all lines: $479.4M.
Portfolio Sells Q2 2025 → Q3 2025
| COST Costco Wholesale Corp. | Reduce -1.3% | 3.38% | −0.60 |
| CMG Chipotle Mexican Grill Inc. | Reduce -1.6% | 0.36% | −0.21 |
| FTNT Fortinet Inc. | Reduce -2.4% | 0.51% | −0.20 |
| LULU Lululemon Athletica Inc. | Reduce -15.2% | 0.28% | −0.20 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -2.1% | 1.65% | −0.18 |
| DIS The Walt Disney Co. | Reduce -10.3% | 0.57% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -43.9% | 0.19% | −0.14 |
| VGIT Vanguard Intermediate-Term T | Reduce -7.3% | 0.82% | −0.14 |
| ADBE Adobe Inc. | Reduce -7.2% | 0.35% | −0.10 |
| NKE Nike Inc. Class B | Reduce -2.1% | 0.69% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -5.3% | 0.40% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.0% | 2.31% | −0.07 |
| MDLZ Mondelez International Inc. Class A | Reduce -8.8% | 0.21% | −0.06 |
| AMT American Tower Corp. | Reduce -4.4% | 0.19% | −0.06 |
| NOW ServiceNow Inc. | Reduce -1.1% | 0.26% | −0.06 |
| SRE Sempra | Sold out | 0.00% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.05 |
| FIS Fidelity National Info Serv | Reduce -33.2% | 0.05% | −0.05 |
| AVB Avalonbay Communities Inc. | Reduce -0.1% | 0.31% | −0.05 |
| VICI Vici Properties Inc. | Reduce -1.4% | 0.39% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -2.3% | 0.16% | −0.03 |
| HON Honeywell International Inc. | Reduce -1.1% | 0.13% | −0.03 |
| PSA Public Storage | Reduce -0.9% | 0.25% | −0.03 |
| MSCI MSCI Inc. | Reduce -3.3% | 0.17% | −0.02 |
| ESS Essex Property Trust Inc. | Reduce -0.3% | 0.13% | −0.02 |
| GEHC GE Healthcare Technology | Reduce -14.8% | 0.08% | −0.02 |
| CB Chubb Ltd. | Reduce -11.4% | 0.06% | −0.02 |
| ELS Equity Lifestyle Properties | Reduce -9.7% | 0.07% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -15.2% | 0.07% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -4.2% | 0.05% | −0.01 |
| SWK Stanley Black & Decker Inc. | Reduce -8.7% | 0.16% | −0.01 |
| CCI Crown Castle Inc. | Reduce -0.7% | 0.08% | −0.01 |
| BA The Boeing Co. | Reduce -8.9% | 0.07% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -1.3% | 0.21% | −0.01 |
| SUI Sun Communities Inc. | Reduce -8.5% | 0.06% | −0.01 |
| DUK Duke Energy Corp. | Reduce -3.1% | 0.13% | −0.01 |
| O Realty Income Corp. | Reduce -0.7% | 0.22% | −0.01 |
| ALL Allstate Corp. | Reduce -2.8% | 0.13% | −0.01 |
| DFUS Dimensional US Eq MKT ETF | Reduce -10.2% | 0.05% | −0.01 |
| MMM 3M Co. | Reduce -1.0% | 0.07% | −0.01 |
| PFE Pfizer Inc. | Reduce -5.6% | 0.05% | −0.01 |
| DFIV Dimensional International Va | Reduce -1.1% | 0.23% | −0.00 |
| F Ford Motor Co. | Reduce -8.4% | 0.06% | −0.00 |
| KIM Kimco Realty Corp. | Reduce -3.2% | 0.05% | −0.00 |
| DFUV Dimensional US Marketwide Va | Reduce -0.9% | 0.09% | −0.00 |
| DFAX Dimensional World Ex US Core | Reduce -0.6% | 0.12% | −0.00 |
| CVX Chevron Corp. | Reduce -0.0% | 1.07% | −0.00 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -1.5% | 0.09% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 0.29% | +0.00 |
| LOW Lowe's Cos Inc. | Reduce -0.3% | 0.07% | +0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOG Alphabet Inc. Class C | Add +0.2% | 2.84% | +0.60 |
| GOOGL Alphabet Inc. Class A | Add +1.7% | 1.87% | +0.42 |
| ORLY O'reilly Automotive Inc. | New | 0.15% | +0.15 |
| CAT Caterpillar Inc. | Add +2.6% | 1.06% | +0.15 |
| BKNG Booking Holdings Inc. | Add +104.6% | 0.31% | +0.13 |
| ABBV Abbvie Inc. | Add +2.6% | 0.74% | +0.11 |
| URI United Rentals Inc. | Add +2.7% | 0.62% | +0.10 |
| BLK BlackRock Inc. | Add +16.4% | 0.54% | +0.09 |
| VOO Vanguard S&P 500 ETF | Add +26.6% | 0.40% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +14.8% | 0.27% | +0.08 |
| APP AppLovin Corp. Class A | New | 0.08% | +0.08 |
| NOC Northrop Grumman Corp. | Add +3.4% | 0.53% | +0.07 |
| UBER Uber Technologies Inc. | Add +21.3% | 0.47% | +0.07 |
| GE General Electric | Add +13.4% | 0.34% | +0.06 |
| TSLA Tesla Inc. | Add +1.9% | 0.26% | +0.06 |
| SLV iShares Silver Trust | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +2.6% | 1.93% | +0.05 |
| ZM Zoom Communications Inc. | Add +16.6% | 0.41% | +0.05 |
| BSVO EA Bridgeway Omni Sm-Cp Val | Add +3.8% | 0.83% | +0.05 |
| AZO AutoZone Inc. | Add +1.5% | 0.65% | +0.05 |
| HPQ HP Inc. | New | 0.05% | +0.05 |
| INTC Intel Corp. | New | 0.05% | +0.05 |
| LNG Cheniere Energy Inc. | New | 0.05% | +0.05 |
| VEA Vanguard Ftse Developed ETF | New | 0.05% | +0.05 |
| LRCX Lam Research Corp. | New | 0.05% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +2.6% | 0.76% | +0.04 |
| SCHO Schwab Short-Term US Treas | New | 0.04% | +0.04 |
| FAST Fastenal Co. | New | 0.04% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +1.2% | 0.79% | +0.03 |
| TMDX Transmedics Group Inc. | Add +70.0% | 0.12% | +0.03 |
| BNY Bank of New York Mellon Corp. | Add +4.9% | 0.20% | +0.03 |
| TJX TJX Companies Inc. | Add +0.2% | 0.29% | +0.02 |
| RTX RTX Corp. | Add +1.6% | 0.31% | +0.02 |
| HD Home Depot Inc. | Add +0.8% | 0.84% | +0.02 |
| GEV GE Vernova Inc. | Add +2.3% | 0.19% | +0.02 |
| GLD SPDR Gold Shares | Add +2.9% | 0.15% | +0.01 |
| CMI Cummins Inc. | Add +7.5% | 0.06% | +0.01 |
| BAC Bank of America Corp. | Add +2.3% | 0.50% | +0.01 |
| AXP American Express Co. | Add +6.1% | 0.69% | +0.01 |
| AZN Astrazeneca PLC-Spons ADR | Add +5.3% | 0.18% | +0.01 |
| DFEM Dimensional Emrg MRKT Core | Add +14.6% | 0.09% | +0.01 |
| LMT Lockheed Martin Corp. | Add +2.9% | 0.51% | +0.01 |
| HSY The Hershey Co. | Add +0.3% | 0.25% | +0.01 |
| MS Morgan Stanley | Add +11.5% | 0.07% | +0.01 |
| DISV Dimensional International SM | Add +5.8% | 0.16% | +0.01 |
| ETN Eaton Corp. PLC | Add +9.5% | 0.14% | +0.01 |
| WMT Walmart Inc. | Add +4.0% | 0.86% | +0.01 |
| PLD Prologis Inc. | Add +5.5% | 0.13% | +0.01 |
| BX Blackstone Inc. | Add +0.6% | 0.11% | +0.01 |
| SNA Snap-on Inc. | Add +0.6% | 0.19% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| APPLE INC | put | New | 20,000 | $5.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.2% | 8,138 | $10.0M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +1.3% | 6,886 | $8.8M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Reduce -2.7% | 14,200 | $287K |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | New | 10,000 | $9K |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 10,000 | $9K |
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 |