RB Capital Management, LLC

Name: RB Capital Management, LLC 13F holdings, Q4 2025
Creator: RB Capital Management, LLC
Published: 2026-02-03

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), RB Capital Management, LLC reported 189 stock positions worth $473.9 million. Its top holding was Apple (AAPL) at 15.5% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.9%) and Nvidia (NVDA, 4.3%). Compared with Q3 2025, it opened 16 new positions, sold out of 9, added to 82 and reduced 81. The biggest buy was a new position in D-Wave Quantum (QBTS) and the biggest sale Costco Wholesale (COST, shares −1%).

Most Recent 13F: Q2 2026
Location: RENO, NV
CIK: 0001695582
Portfolio Value: $473.9M (Q4 2025)
SEC Filing: 0001695582-26-000001 ↗ filed Feb 3, 2026

Holdings Value

Holdings 189 stocks · $473.9M


AAPL Apple Inc.	15.49%	269,970	$73.4M	Reduce -3.0%
BRK.B Berkshire Hathaway Inc. Class B	4.85%	45,747	$23.0M	Add +2.4%
NVDA Nvidia Corp.	4.34%	110,353	$20.6M	Reduce -0.0%
GOOG Alphabet Inc. Class C	3.52%	53,090	$16.7M	Reduce -1.0%
COST Costco Wholesale Corp.	3.02%	16,579	$14.3M	Reduce -1.3%
MSFT Microsoft Corp.	2.93%	28,671	$13.9M	Add +2.2%
SPY SS SPDR S&P 500 ETF Trust-US	2.34%	16,239	$11.1M	Add +1.7%
AMZN Amazon.com Inc.	2.26%	46,495	$10.7M	Add +0.6%
GOOGL Alphabet Inc. Class A	2.26%	34,142	$10.7M	Reduce -3.3%
META Meta Platforms Inc. Class A	2.23%	15,984	$10.6M	Add +2.0%
AVGO Broadcom Inc.	2.21%	30,275	$10.5M	Reduce -3.5%
V Visa Inc. Class A	2.03%	27,495	$9.6M	Add +0.3%
JPM JPMorgan Chase & Co.	1.93%	28,394	$9.1M	Add +1.0%
JAAA Janus Henderson Aaa Clo ETF	1.57%	147,171	$7.4M	Reduce -1.5%
ABT Abbott Laboratories	1.36%	51,282	$6.4M	Add +25.4%
CAT Caterpillar Inc.	1.24%	10,282	$5.9M	Add +0.6%
MA Mastercard Inc. Class A	1.23%	10,224	$5.8M	Add +1.7%
CRM Salesforce Inc.	1.16%	20,818	$5.5M	Reduce -2.3%
AMGN Amgen Inc.	1.12%	16,277	$5.3M	Add +1.6%
LLY Eli Lilly & Co.	1.04%	4,605	$4.9M	Add +0.2%
CVX Chevron Corp.	1.04%	32,269	$4.9M	Add +2.0%
ADX Adams Diversified Equity	1.03%	208,462	$4.9M	Reduce -1.0%
PEP Pepsico Inc.	0.93%	30,803	$4.4M	Reduce -3.9%
WMT Walmart Inc.	0.90%	38,367	$4.3M	Add +0.4%
SBUX Starbucks Corp.	0.90%	50,567	$4.3M	Reduce -8.1%
VGIT Vanguard Intermediate-Term T	0.89%	70,402	$4.2M	Add +12.5%
BSVO EA Bridgeway Omni Sm-Cp Val	0.87%	176,495	$4.1M	Add +5.1%
GS Goldman Sachs Group Inc.	0.84%	4,513	$4.0M	Add +2.9%
AXP American Express Co.	0.84%	10,703	$4.0M	Add +11.4%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.83%	47,216	$3.9M	Add +1.0%
NFLX Netflix Inc.	0.80%	40,465	$3.8M	Add +60.9%
WM Waste Management Inc.	0.78%	16,852	$3.7M	Reduce -0.6%
ABBV Abbvie Inc.	0.71%	14,733	$3.4M	Add +0.7%
HD Home Depot Inc.	0.68%	9,299	$3.2M	Reduce -2.7%
VOO Vanguard S&P 500 ETF	0.64%	4,860	$3.0M	Add +60.2%
XOM Exxon Mobil Corp.	0.63%	24,940	$3.0M	Add +1.7%
DFAC Dimensional US Core Equity 2	0.58%	69,393	$2.7M	Add +2.4%
RVT Royce Small-Cap Trust Inc.	0.58%	170,498	$2.7M	Add +2.8%
NKE Nike Inc. Class B	0.56%	41,310	$2.6M	Reduce -8.9%
CTAS Cintas Corp.	0.53%	13,422	$2.5M	Reduce -18.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.52%	21,745	$2.5M	Reduce -5.2%
KO The Coca-Cola Co.	0.52%	35,093	$2.5M	Reduce -0.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.52%	44,467	$2.4M	Reduce -0.4%
BLK BlackRock Inc.	0.51%	2,271	$2.4M	Add +7.4%
URI United Rentals Inc.	0.51%	3,000	$2.4M	Add +0.9%
AZO AutoZone Inc.	0.49%	681	$2.3M	Reduce -1.9%
NOC Northrop Grumman Corp.	0.48%	3,980	$2.3M	Reduce -0.5%
LMT Lockheed Martin Corp.	0.47%	4,637	$2.2M	Reduce -0.8%
UBER Uber Technologies Inc.	0.47%	27,214	$2.2M	Add +23.1%
IWM iShares Russell 2000 ETF	0.47%	9,002	$2.2M	Reduce -40.1%
ZM Zoom Communications Inc.	0.46%	25,329	$2.2M	Add +10.2%
JNJ Johnson & Johnson	0.45%	10,302	$2.1M	Reduce -4.8%
INTU Intuit Inc.	0.45%	3,199	$2.1M	Reduce -1.2%
QBTS D-Wave Quantum Inc.	0.44%	80,350	$2.1M	New
TY Tri-Continental Corp.	0.44%	63,494	$2.1M	Add +3.1%
FTNT Fortinet Inc.	0.43%	25,450	$2.0M	Reduce -9.0%
MCD McDonald's Corp.	0.42%	6,485	$2.0M	Reduce -0.3%
GE General Electric filed as GE AEROSPACE	0.38%	5,824	$1.8M	Add +11.4%
PG The Procter & Gamble Co.	0.37%	12,321	$1.8M	Add +2.1%
PM Philip Morris International	0.37%	10,952	$1.8M	Reduce -4.9%
BKNG Booking Holdings Inc.	0.35%	310	$1.7M	Add +16.5%
ONON On Holding AG Class A filed as ON HLDG AG	0.33%	34,091	$1.6M	Reduce -1.8%
QQQ Invesco QQQ Trust Series 1	0.33%	2,553	$1.6M	Add +15.1%
YUM Yum! Brands Inc.	0.32%	10,177	$1.5M	Reduce -0.2%
RTX RTX Corp.	0.32%	8,245	$1.5M	Reduce -4.1%
ROL Rollins Inc.	0.32%	25,052	$1.5M	Reduce -1.3%
ORCL Oracle Corp.	0.31%	7,583	$1.5M	Add +19.6%
ADBE Adobe Inc.	0.31%	4,164	$1.5M	Reduce -9.0%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.30%	50,543	$1.4M	Reduce -8.1%
HCA HCA Healthcare Inc.	0.30%	3,020	$1.4M	Reduce -4.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.30%	9,148	$1.4M	Add +0.2%
PLTR Palantir Technologies Inc. Class A	0.28%	7,595	$1.4M	Add +10.3%
PANW Palo Alto Networks Inc.	0.28%	7,279	$1.3M	Reduce -0.9%
AVB Avalonbay Communities Inc.	0.28%	7,327	$1.3M	Reduce -1.0%
TSLA Tesla Inc.	0.26%	2,778	$1.2M	Add +4.9%
GLD SPDR Gold Shares	0.26%	3,112	$1.2M	Add +57.1%
CBOE Cboe Global Markets Inc.	0.26%	4,873	$1.2M	Add +6.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.26%	10,472	$1.2M	Add +24.9%
WFC Wells Fargo & Co.	0.25%	12,927	$1.2M	Add +12.0%
GNRC Generac Holdings Inc.	0.25%	8,783	$1.2M	Reduce -2.1%
LULU Lululemon Athletica Inc.	0.25%	5,715	$1.2M	Reduce -21.8%
DFIV Dimensional International Va	0.25%	23,285	$1.2M	Add +0.2%
DE Deere & Co.	0.24%	2,482	$1.2M	Add +1.4%
HSY The Hershey Co.	0.24%	6,244	$1.1M	Reduce -0.3%
PSA Public Storage	0.22%	3,939	$1.0M	Reduce -2.6%
GEV GE Vernova Inc.	0.21%	1,558	$1.0M	Add +11.4%
AZN Astrazeneca PLC-Spons ADR	0.21%	10,686	$982K	Reduce -3.7%
ISRG Intuitive Surgical Inc.	0.20%	1,689	$957K	Add +1.6%
NOW ServiceNow Inc.	0.20%	6,065	$929K	Reduce -5.7%
USA Liberty All Star Equity Fund	0.19%	146,542	$920K	Reduce -2.2%
O Realty Income Corp.	0.19%	16,278	$918K	Reduce -1.2%
SNA Snap-on Inc.	0.18%	2,464	$849K	Reduce -4.8%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.17%	13,110	$826K	Reduce -1.2%
ORLY O'reilly Automotive Inc.	0.17%	8,918	$813K	Add +41.9%
WPC WP Carey Inc.	0.17%	12,513	$805K	Reduce -4.3%
DISV Dimensional International SM	0.17%	21,042	$800K	Add +1.6%
EMR Emerson Electric Co.	0.17%	5,914	$785K	Add +0.4%
VGT Vanguard Info Tech ETF	0.16%	1,019	$768K	No change
MSCI MSCI Inc.	0.16%	1,326	$761K	Reduce -5.0%
ICE Intercontinental Exchange Inc.	0.16%	4,646	$752K	Add +3.8%
MDLZ Mondelez International Inc. Class A	0.16%	13,675	$736K	Reduce -12.5%
CSX CSX Corp.	0.15%	20,228	$733K	Add +114.6%
AMT American Tower Corp.	0.15%	4,062	$713K	Reduce -12.5%
AMAT Applied Materials Inc.	0.15%	2,773	$713K	Add +0.1%
DECK Deckers Outdoor Corp.	0.15%	6,721	$697K	Reduce -37.1%
CSCO Cisco Systems Inc.	0.15%	8,968	$691K	Add +3.9%
CME Cme Group Inc.	0.14%	2,509	$685K	Add +10.5%
BCX BlackRock Resources & Commod	0.14%	62,186	$683K	Reduce -0.2%
PLD Prologis Inc.	0.14%	5,284	$675K	Add +1.9%
VZ Verizon Communications Inc.	0.14%	15,934	$649K	Add +9.3%
DLR Digital Realty Trust Inc.	0.14%	4,143	$641K	No change
SWK Stanley Black & Decker Inc.	0.14%	8,629	$641K	Reduce -14.2%
L Loews Corp.	0.13%	6,000	$632K	No change
TMDX Transmedics Group Inc.	0.13%	5,081	$618K	No change
DFEM Dimensional Emrg MRKT Core	0.13%	18,624	$616K	Add +52.7%
SPYM Ste STR SPDR PT S&P 500 ETF	0.13%	7,646	$613K	Add +47.9%
ESS Essex Property Trust Inc.	0.13%	2,344	$613K	Add +1.4%
UNH Unitedhealth Group Inc.	0.13%	1,834	$606K	Reduce -28.7%
SOXX iShares Semiconductor ETF	0.12%	1,953	$588K	Reduce -1.9%
VTI VG Morningstar TS MKT ETF-US	0.12%	1,749	$586K	Add +0.1%
SGMT Sagimet Biosciences Inc. Class A	0.12%	97,000	$574K	New
BX Blackstone Inc.	0.12%	3,696	$570K	Add +27.2%
ALL Allstate Corp.	0.12%	2,722	$567K	Reduce -3.1%
DFAX Dimensional World Ex US Core	0.12%	17,107	$560K	Reduce -4.3%
DUK Duke Energy Corp.	0.12%	4,683	$549K	Reduce -5.5%
HON Honeywell International Inc.	0.12%	2,797	$546K	Reduce -4.4%
MRK Merck & Co. Inc.	0.10%	4,683	$493K	Add +14.1%
COF Capital One Financial Corp.	0.09%	1,841	$446K	Add +61.6%
ETN Eaton Corp. PLC	0.09%	1,369	$436K	Reduce -18.9%
T AT&T Inc.	0.09%	17,058	$424K	Reduce -0.4%
SO The Southern Co.	0.09%	4,816	$420K	Reduce -1.1%
IBB iShares Biotechnology ETF	0.09%	2,473	$417K	Add +0.0%
DFUV Dimensional US Marketwide Va	0.09%	8,796	$410K	Add +0.0%
XRNPX Cohen & Steers REIT and Pref	0.08%	19,802	$393K	Reduce -13.3%
EQIX Equinix Inc.	0.08%	512	$392K	Reduce -5.7%
LOW Lowe's Cos Inc.	0.08%	1,595	$385K	Add +31.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.08%	1,292	$383K	Add +19.2%
MS Morgan Stanley	0.08%	2,129	$378K	Add +6.6%
SLV iShares Silver Trust	0.08%	5,850	$377K	No change
IWF iShares Russell 1000 Growth	0.08%	783	$370K	Add +0.1%
GEHC GE Healthcare Technology	0.08%	4,489	$368K	Reduce -8.2%
ELS Equity Lifestyle Properties	0.08%	6,066	$368K	Add +13.1%
PH Parker Hannifin Corp.	0.08%	413	$363K	New
DFLV Dim US Large Cap Value ETF	0.07%	10,282	$352K	Reduce -5.5%
IGV iShares Expanded Tech-Softwa	0.07%	3,300	$349K	No change
CMI Cummins Inc.	0.07%	680	$347K	Add +0.3%
MMM 3M Co.	0.07%	2,109	$338K	Add +0.2%
BA The Boeing Co.	0.07%	1,537	$334K	Reduce -1.4%
NOBL Proshares S&P 500 Dividend A	0.07%	3,191	$332K	Add +4.4%
SHAK Shake Shack Inc. Class A	0.07%	4,054	$329K	Reduce -10.1%
ESGV Vanguard ESG US Stock ETF	0.07%	2,709	$328K	No change
ED Consolidated Edison Inc.	0.07%	3,277	$326K	Add +0.3%
APP AppLovin Corp. Class A	0.07%	481	$324K	No change
RACE Ferrari NV	0.07%	863	$319K	Add +48.0%
SYK Stryker Corp.	0.07%	901	$317K	Reduce -4.3%
DHR Danaher Corp.	0.06%	1,344	$308K	New
CB Chubb Ltd.	0.06%	976	$305K	Reduce -2.0%
EOD Allspring Global Dividend Op	0.06%	50,798	$296K	Reduce -0.5%
F Ford Motor Co. filed as FORD MTR CO	0.06%	22,267	$292K	Reduce -1.8%
MUC BlackRock Munihold Ca QLTY	0.06%	27,292	$289K	Reduce -6.3%
CCI Crown Castle Inc.	0.06%	3,101	$276K	Reduce -15.1%
IBIT iShares Bitcoin Trust ETF	0.06%	5,431	$270K	New
C Citigroup Inc.	0.05%	2,157	$252K	New
LRCX Lam Research Corp.	0.05%	1,459	$250K	Reduce -6.4%
LAMR Lamar Advertising Co. Class A	0.05%	1,964	$249K	Add +5.3%
PFE Pfizer Inc.	0.05%	9,806	$244K	Add +2.4%
SCHR Schwab Intermediate-Term US	0.05%	9,713	$244K	New
INTC Intel Corp.	0.05%	6,383	$236K	No change
GRMN Garmin Ltd.	0.05%	1,155	$234K	Add +0.4%
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.05%	1,891	$234K	Reduce -17.1%
PRU Prudential Financial Inc.	0.05%	2,058	$232K	Reduce -12.3%
DFUS Dimensional US Eq MKT ETF	0.05%	3,115	$231K	Add +6.1%
OKE Oneok Inc.	0.05%	3,097	$228K	Add +0.0%
ROK Rockwell Automation Inc.	0.05%	569	$221K	New
CMCSA Comcast Corp. Class A	0.05%	7,325	$219K	Reduce -3.6%
VEA Vanguard Ftse Developed ETF	0.05%	3,466	$217K	Reduce -0.8%
SONY Sony Group Corp. - SP ADR	0.05%	8,380	$215K	New
MDT Medtronic PLC	0.05%	2,229	$214K	New
USB US Bancorp	0.04%	3,991	$213K	New
AMP Ameriprise Financial Inc.	0.04%	433	$212K	New
RFI Cohen & Steers Tot Ret RLTY	0.04%	18,930	$209K	Reduce -20.3%
GD General Dynamics Corp.	0.04%	621	$209K	New
A Agilent Technologies Inc.	0.04%	1,514	$206K	New
MCK McKesson Corp.	0.04%	245	$201K	New
NAC Nuveen Ca QLTY Muni Inc.	0.04%	14,391	$170K	Reduce -10.3%
VCV Invesco Ca Val Muni Inc. TR	0.03%	12,487	$139K	Add +1.0%
NCA Nuveen California Muni Val	0.02%	12,877	$115K	Add +0.4%
BDTX Black Diamond Therapeutics I	0.02%	35,000	$85K	New
AMTX Aemetis Inc.	0.00%	10,000	$14K	No change

Options reported separately and not counted above: AAPL puts ($8.2M), QBTS puts ($2.1M), SGMT puts ($474K).

Other holdings (5): bonds, preferreds, convertibles and warrants · $18.9M (not counted above)

Security	Class	Shares / Principal	Value	Change
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	8,138	$9.9M	No change
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	6,955	$8.7M	Add +1.0%
PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E)	6.375 PFD SER E	14,200	$271K	No change
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28)	NOTE 1.750% 8/1 · principal	10,000	$10K	No change
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31)	NOTE 1.500% 3/0 · principal	10,000	$9K	No change

Total filed on the 13F, all lines: $492.7M.

Portfolio Sells Q3 2025 → Q4 2025


COST Costco Wholesale Corp.	Reduce -1.3%	3.02%	−0.36
CMG Chipotle Mexican Grill Inc.	Sold out	0.00%	−0.36
IWM iShares Russell 2000 ETF	Reduce -40.1%	0.47%	−0.32
TXN Texas Instruments Inc.	Sold out	0.00%	−0.25
CTAS Cintas Corp.	Reduce -18.5%	0.53%	−0.20
HD Home Depot Inc.	Reduce -2.7%	0.68%	−0.17
AZO AutoZone Inc.	Reduce -1.9%	0.49%	−0.16
NKE Nike Inc. Class B	Reduce -8.9%	0.56%	−0.13
NVDA Nvidia Corp.	Reduce -0.0%	4.34%	−0.13
SBUX Starbucks Corp.	Reduce -8.1%	0.90%	−0.11
VICI Vici Properties Inc.	Reduce -8.1%	0.30%	−0.09
DECK Deckers Outdoor Corp.	Reduce -37.1%	0.15%	−0.09
FTNT Fortinet Inc.	Reduce -9.0%	0.43%	−0.08
JAAA Janus Henderson Aaa Clo ETF	Reduce -1.5%	1.57%	−0.08
GNRC Generac Holdings Inc.	Reduce -2.1%	0.25%	−0.07
UNH Unitedhealth Group Inc.	Reduce -28.7%	0.13%	−0.07
PAYX Paychex Inc.	Sold out	0.00%	−0.07
NOW ServiceNow Inc.	Reduce -5.7%	0.20%	−0.06
MDLZ Mondelez International Inc. Class A	Reduce -12.5%	0.16%	−0.06
NOC Northrop Grumman Corp.	Reduce -0.5%	0.48%	−0.05
DIS The Walt Disney Co.	Reduce -5.2%	0.52%	−0.05
FIS Fidelity National Info Serv	Sold out	0.00%	−0.05
HPQ HP Inc.	Sold out	0.00%	−0.05
KIM Kimco Realty Corp.	Sold out	0.00%	−0.05
LNG Cheniere Energy Inc.	Sold out	0.00%	−0.05
PEP Pepsico Inc.	Reduce -3.9%	0.93%	−0.05
ETN Eaton Corp. PLC	Reduce -18.9%	0.09%	−0.05
SCHO Schwab Short-Term US Treas	Sold out	0.00%	−0.04
FAST Fastenal Co.	Sold out	0.00%	−0.04
AMT American Tower Corp.	Reduce -12.5%	0.15%	−0.04
ADBE Adobe Inc.	Reduce -9.0%	0.31%	−0.04
PANW Palo Alto Networks Inc.	Reduce -0.9%	0.28%	−0.04
PSA Public Storage	Reduce -2.6%	0.22%	−0.04
AVGO Broadcom Inc.	Reduce -3.5%	2.21%	−0.04
PM Philip Morris International	Reduce -4.9%	0.37%	−0.03
LMT Lockheed Martin Corp.	Reduce -0.8%	0.47%	−0.03
INTU Intuit Inc.	Reduce -1.2%	0.45%	−0.03
LULU Lululemon Athletica Inc.	Reduce -21.8%	0.25%	−0.03
WM Waste Management Inc.	Reduce -0.6%	0.78%	−0.03
AVB Avalonbay Communities Inc.	Reduce -1.0%	0.28%	−0.03
XRNPX Cohen & Steers REIT and Pref	Reduce -13.3%	0.08%	−0.03
SWK Stanley Black & Decker Inc.	Reduce -14.2%	0.14%	−0.03
O Realty Income Corp.	Reduce -1.2%	0.19%	−0.02
SHAK Shake Shack Inc. Class A	Reduce -10.1%	0.07%	−0.02
WPC WP Carey Inc.	Reduce -4.3%	0.17%	−0.02
HON Honeywell International Inc.	Reduce -4.4%	0.12%	−0.02
CCI Crown Castle Inc.	Reduce -15.1%	0.06%	−0.02
RFI Cohen & Steers Tot Ret RLTY	Reduce -20.3%	0.04%	−0.02
DUK Duke Energy Corp.	Reduce -5.5%	0.12%	−0.02
T AT&T Inc.	Reduce -0.4%	0.09%	−0.02

Portfolio Buys Q3 2025 → Q4 2025


QBTS D-Wave Quantum Inc.	New	0.44%	+0.44
LLY Eli Lilly & Co.	Add +0.2%	1.04%	+0.28
VOO Vanguard S&P 500 ETF	Add +60.2%	0.64%	+0.24
CAT Caterpillar Inc.	Add +0.6%	1.24%	+0.18
ABT Abbott Laboratories	Add +25.4%	1.36%	+0.17
NFLX Netflix Inc.	Add +60.9%	0.80%	+0.15
AXP American Express Co.	Add +11.4%	0.84%	+0.14
AMGN Amgen Inc.	Add +1.6%	1.12%	+0.14
SGMT Sagimet Biosciences Inc. Class A	New	0.12%	+0.12
GLD SPDR Gold Shares	Add +57.1%	0.26%	+0.11
CSX CSX Corp.	Add +114.6%	0.15%	+0.08
GS Goldman Sachs Group Inc.	Add +2.9%	0.84%	+0.08
PH Parker Hannifin Corp.	New	0.08%	+0.08
VGIT Vanguard Intermediate-Term T	Add +12.5%	0.89%	+0.07
DHR Danaher Corp.	New	0.06%	+0.06
AMZN Amazon.com Inc.	Add +0.6%	2.26%	+0.06
BNY Bank of New York Mellon Corp.	Add +24.9%	0.26%	+0.06
IBIT iShares Bitcoin Trust ETF	New	0.06%	+0.06
C Citigroup Inc.	New	0.05%	+0.05
SCHR Schwab Intermediate-Term US	New	0.05%	+0.05
ZM Zoom Communications Inc.	Add +10.2%	0.46%	+0.05
ROK Rockwell Automation Inc.	New	0.05%	+0.05
WMT Walmart Inc.	Add +0.4%	0.90%	+0.05
SONY Sony Group Corp. - SP ADR	New	0.05%	+0.05
MDT Medtronic PLC	New	0.05%	+0.05
DFEM Dimensional Emrg MRKT Core	Add +52.7%	0.13%	+0.05
USB US Bancorp	New	0.04%	+0.04
AMP Ameriprise Financial Inc.	New	0.04%	+0.04
GD General Dynamics Corp.	New	0.04%	+0.04
WFC Wells Fargo & Co.	Add +12.0%	0.25%	+0.04
A Agilent Technologies Inc.	New	0.04%	+0.04
MCK McKesson Corp.	New	0.04%	+0.04
COF Capital One Financial Corp.	Add +61.6%	0.09%	+0.04
QQQ Invesco QQQ Trust Series 1	Add +15.1%	0.33%	+0.04
SPYM Ste STR SPDR PT S&P 500 ETF	Add +47.9%	0.13%	+0.04
BSVO EA Bridgeway Omni Sm-Cp Val	Add +5.1%	0.87%	+0.04
ISRG Intuitive Surgical Inc.	Add +1.6%	0.20%	+0.04
BKNG Booking Holdings Inc.	Add +16.5%	0.35%	+0.04
GE General Electric	Add +11.4%	0.38%	+0.04
XOM Exxon Mobil Corp.	Add +1.7%	0.63%	+0.03
MRK Merck & Co. Inc.	Add +14.1%	0.10%	+0.03
GEV GE Vernova Inc.	Add +11.4%	0.21%	+0.03
AMAT Applied Materials Inc.	Add +0.1%	0.15%	+0.03
SPY SS SPDR S&P 500 ETF Trust-US	Add +1.7%	2.34%	+0.03
ORLY O'reilly Automotive Inc.	Add +41.9%	0.17%	+0.02
BDTX Black Diamond Therapeutics I	New	0.02%	+0.02
CSCO Cisco Systems Inc.	Add +3.9%	0.15%	+0.02
LOW Lowe's Cos Inc.	Add +31.5%	0.08%	+0.01
IBM Intl Business Machines Corp.	Add +19.2%	0.08%	+0.01
CBOE Cboe Global Markets Inc.	Add +6.4%	0.26%	+0.01

Options Activity Q3 2025 → Q4 2025


AAPL Apple Inc.	put	New	30,000	$8.2M
APPLE INC	put	Sold out	20,000	$5.1Mbefore exit
QBTS D-Wave Quantum Inc.	put	New	80,000	$2.1M
SGMT Sagimet Biosciences Inc. Class A	put	New	80,000	$474K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2025 → Q4 2025


BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Add +1.0%	6,955	$8.7M

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