RB Capital Management, LLC

Name: RB Capital Management, LLC 13F holdings, Q1 2026
Creator: RB Capital Management, LLC
Published: 2026-05-15

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

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), RB Capital Management, LLC reported 181 stock positions worth $452.1 million. Its top holding was Apple (AAPL) at 15.0% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.9%) and Nvidia (NVDA, 4.4%). Compared with Q4 2025, it opened 6 new positions, sold out of 14, added to 79 and reduced 83. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +16%) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F: Q2 2026
Location: RENO, NV
CIK: 0001695582
Portfolio Value: $452.1M (Q1 2026)
SEC Filing: 0001695582-26-000002 ↗ filed May 15, 2026

Holdings Value

Holdings 181 stocks · $452.1M


AAPL Apple Inc.	15.02%	267,607	$67.9M	Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B	4.87%	45,898	$22.0M	Add +0.3%
NVDA Nvidia Corp.	4.41%	114,241	$19.9M	Add +3.5%
COST Costco Wholesale Corp.	3.65%	16,540	$16.5M	Reduce -0.2%
GOOG Alphabet Inc. Class C	3.30%	52,064	$14.9M	Reduce -1.9%
SPY SS SPDR S&P 500 ETF Trust-US	2.71%	18,816	$12.2M	Add +15.9%
MSFT Microsoft Corp.	2.29%	27,970	$10.4M	Reduce -2.4%
AMZN Amazon.com Inc.	2.16%	46,978	$9.8M	Add +1.0%
GOOGL Alphabet Inc. Class A	2.08%	32,663	$9.4M	Reduce -4.3%
AVGO Broadcom Inc.	2.07%	30,287	$9.4M	Add +0.0%
META Meta Platforms Inc. Class A	2.03%	16,046	$9.2M	Add +0.4%
JPM JPMorgan Chase & Co.	1.90%	29,259	$8.6M	Add +3.0%
V Visa Inc. Class A	1.87%	27,996	$8.5M	Add +1.8%
JAAA Janus Henderson Aaa Clo ETF	1.73%	155,130	$7.8M	Add +5.4%
CAT Caterpillar Inc.	1.47%	9,361	$6.6M	Reduce -9.0%
CVX Chevron Corp.	1.46%	31,948	$6.6M	Reduce -1.0%
AMGN Amgen Inc.	1.25%	16,083	$5.7M	Reduce -1.2%
ABT Abbott Laboratories	1.17%	51,428	$5.3M	Add +0.3%
MA Mastercard Inc. Class A	1.15%	10,369	$5.2M	Add +1.4%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	1.07%	47,363	$4.8M	Add +0.3%
WMT Walmart Inc.	1.06%	38,521	$4.8M	Add +0.4%
PEP Pepsico Inc.	1.04%	30,293	$4.7M	Reduce -1.7%
BSVO EA Bridgeway Omni Sm-Cp Val	1.02%	180,951	$4.6M	Add +2.5%
ADX Adams Diversified Equity	1.01%	207,076	$4.6M	Reduce -0.7%
SBUX Starbucks Corp.	1.00%	50,422	$4.5M	Reduce -0.3%
LLY Eli Lilly & Co.	0.98%	4,820	$4.4M	Add +4.7%
XOM Exxon Mobil Corp.	0.95%	25,289	$4.3M	Add +1.4%
NFLX Netflix Inc.	0.88%	41,423	$4.0M	Add +2.4%
VGIT Vanguard Intermediate-Term T	0.86%	65,525	$3.9M	Reduce -6.9%
WM Waste Management Inc.	0.86%	16,945	$3.9M	Add +0.6%
GS Goldman Sachs Group Inc.	0.85%	4,531	$3.8M	Add +0.4%
CRM Salesforce Inc.	0.83%	20,149	$3.8M	Reduce -3.2%
AXP American Express Co.	0.76%	11,347	$3.4M	Add +6.0%
ABBV Abbvie Inc.	0.72%	14,916	$3.2M	Add +1.2%
HD Home Depot Inc.	0.64%	8,799	$2.9M	Reduce -5.4%
RVT Royce Small-Cap Trust Inc.	0.63%	170,896	$2.8M	Add +0.2%
LMT Lockheed Martin Corp.	0.62%	4,624	$2.8M	Reduce -0.3%
DFAC Dimensional US Core Equity 2	0.61%	70,425	$2.7M	Add +1.5%
NOC Northrop Grumman Corp.	0.59%	3,924	$2.7M	Reduce -1.4%
VOO Vanguard S&P 500 ETF	0.59%	4,438	$2.7M	Reduce -8.7%
KO The Coca-Cola Co.	0.56%	33,275	$2.5M	Reduce -5.2%
JNJ Johnson & Johnson	0.55%	10,115	$2.5M	Reduce -1.8%
AZO AutoZone Inc.	0.51%	683	$2.3M	Add +0.3%
BLK BlackRock Inc.	0.50%	2,340	$2.3M	Add +3.0%
IWM iShares Russell 2000 ETF	0.49%	8,917	$2.2M	Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.49%	45,230	$2.2M	Add +1.7%
URI United Rentals Inc.	0.48%	2,989	$2.2M	Reduce -0.4%
ZM Zoom Communications Inc.	0.48%	26,897	$2.2M	Add +6.2%
CTAS Cintas Corp.	0.47%	12,463	$2.1M	Reduce -7.1%
FTNT Fortinet Inc.	0.46%	25,450	$2.1M	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.46%	21,398	$2.1M	Reduce -1.6%
NKE Nike Inc. Class B	0.45%	38,836	$2.1M	Reduce -6.0%
MCD McDonald's Corp.	0.44%	6,346	$2.0M	Reduce -2.1%
UBER Uber Technologies Inc.	0.44%	27,390	$2.0M	Add +0.7%
TY Tri-Continental Corp.	0.43%	60,974	$1.9M	Reduce -4.0%
PM Philip Morris International	0.40%	11,020	$1.8M	Add +0.6%
GE General Electric filed as GE AEROSPACE	0.40%	6,308	$1.8M	Add +8.3%
GNRC Generac Holdings Inc.	0.38%	8,741	$1.7M	Reduce -0.5%
PG The Procter & Gamble Co.	0.37%	11,729	$1.7M	Reduce -4.8%
QQQ Invesco QQQ Trust Series 1	0.36%	2,813	$1.6M	Add +10.2%
RTX RTX Corp.	0.35%	8,170	$1.6M	Reduce -0.9%
YUM Yum! Brands Inc.	0.35%	10,059	$1.6M	Reduce -1.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.33%	12,709	$1.5M	Add +21.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.33%	9,282	$1.5M	Add +1.5%
GEV GE Vernova Inc.	0.32%	1,644	$1.4M	Add +5.5%
BKNG Booking Holdings Inc.	0.32%	340	$1.4M	Add +9.7%
HCA HCA Healthcare Inc.	0.31%	2,972	$1.4M	Reduce -1.6%
GLD SPDR Gold Shares	0.31%	3,243	$1.4M	Add +4.2%
DE Deere & Co.	0.31%	2,464	$1.4M	Reduce -0.7%
CBOE Cboe Global Markets Inc.	0.30%	4,880	$1.4M	Add +0.1%
ROL Rollins Inc.	0.30%	24,986	$1.3M	Reduce -0.3%
DFIV Dimensional International Va	0.29%	24,957	$1.3M	Add +7.2%
HSY The Hershey Co.	0.29%	6,286	$1.3M	Add +0.7%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.27%	43,966	$1.2M	Reduce -13.0%
ONON On Holding AG Class A filed as ON HLDG AG	0.26%	34,386	$1.2M	Add +0.9%
PANW Palo Alto Networks Inc.	0.25%	7,184	$1.2M	Reduce -1.3%
PLTR Palantir Technologies Inc. Class A	0.25%	7,822	$1.1M	Add +3.0%
ORCL Oracle Corp.	0.25%	7,581	$1.1M	Reduce -0.0%
AVB Avalonbay Communities Inc.	0.25%	6,803	$1.1M	Reduce -7.2%
DISV Dimensional International SM	0.24%	27,261	$1.1M	Add +29.6%
AZN Astrazeneca PLC	0.23%	5,380	$1.1M	Add +0.7%
TSLA Tesla Inc.	0.23%	2,807	$1.0M	Add +1.0%
PSA Public Storage	0.23%	3,809	$1.0M	Reduce -3.3%
O Realty Income Corp.	0.22%	16,109	$986K	Reduce -1.0%
WFC Wells Fargo & Co.	0.21%	11,899	$947K	Reduce -8.0%
JMBS Janus Henderson Mortg Backed	0.21%	20,590	$930K	New
AMAT Applied Materials Inc.	0.20%	2,705	$925K	Reduce -2.5%
SNA Snap-on Inc.	0.19%	2,374	$862K	Reduce -3.6%
ORLY O'reilly Automotive Inc.	0.19%	9,127	$843K	Add +2.3%
WPC WP Carey Inc.	0.18%	12,276	$834K	Reduce -1.9%
ISRG Intuitive Surgical Inc.	0.18%	1,802	$831K	Add +6.7%
CSX CSX Corp.	0.18%	20,030	$822K	Reduce -1.0%
BCX BlackRock Resources & Commod	0.18%	67,533	$814K	Add +8.6%
USA Liberty All Star Equity Fund	0.18%	142,076	$793K	Reduce -3.0%
LULU Lululemon Athletica Inc.	0.18%	5,175	$792K	Reduce -9.4%
EMR Emerson Electric Co.	0.17%	5,935	$778K	Add +0.4%
CME Cme Group Inc.	0.17%	2,593	$766K	Add +3.4%
MDLZ Mondelez International Inc. Class A	0.17%	12,962	$747K	Reduce -5.2%
DFEM Dimensional Emrg MRKT Core	0.16%	21,339	$737K	Add +14.6%
ICE Intercontinental Exchange Inc.	0.16%	4,660	$733K	Add +0.3%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.16%	12,352	$731K	Reduce -5.8%
VGT Vanguard Info Tech ETF	0.16%	1,045	$729K	Add +2.5%
ADBE Adobe Inc.	0.16%	2,972	$722K	Reduce -28.6%
DLR Digital Realty Trust Inc.	0.16%	3,959	$713K	Reduce -4.4%
MSCI MSCI Inc.	0.16%	1,310	$706K	Reduce -1.2%
CSCO Cisco Systems Inc.	0.15%	8,992	$698K	Add +0.3%
VZ Verizon Communications Inc.	0.15%	13,594	$682K	Reduce -14.7%
PLD Prologis Inc.	0.15%	5,146	$680K	Reduce -2.6%
SPYM Ste STR SPDR PT S&P 500 ETF	0.15%	8,837	$676K	Add +15.6%
DECK Deckers Outdoor Corp.	0.15%	6,552	$656K	Reduce -2.5%
AMT American Tower Corp.	0.14%	3,727	$643K	Reduce -8.3%
L Loews Corp.	0.14%	6,000	$640K	No change
NOW ServiceNow Inc.	0.14%	6,112	$639K	Add +0.8%
SWK Stanley Black & Decker Inc.	0.14%	8,919	$634K	Add +3.4%
HON Honeywell International Inc.	0.14%	2,786	$630K	Reduce -0.4%
DUK Duke Energy Corp.	0.14%	4,789	$627K	Add +2.3%
SOXX iShares Semiconductor ETF	0.13%	1,853	$609K	Reduce -5.1%
DFAX Dimensional World Ex US Core	0.13%	17,315	$588K	Add +1.2%
VTI VG Morningstar TS MKT ETF-US	0.13%	1,806	$579K	Add +3.3%
ESS Essex Property Trust Inc.	0.12%	2,290	$554K	Reduce -2.3%
ALL Allstate Corp.	0.12%	2,618	$543K	Reduce -3.8%
SGMT Sagimet Biosciences Inc. Class A	0.11%	97,000	$507K	No change
TMDX Transmedics Group Inc.	0.11%	5,081	$505K	No change
EQIX Equinix Inc.	0.11%	514	$504K	Add +0.4%
ETN Eaton Corp. PLC	0.11%	1,374	$491K	Add +0.4%
INTU Intuit Inc.	0.11%	1,119	$484K	Reduce -65.0%
T AT&T Inc.	0.10%	16,191	$469K	Reduce -5.1%
SO The Southern Co.	0.10%	4,856	$469K	Add +0.8%
DFLV Dim US Large Cap Value ETF	0.10%	12,322	$440K	Add +19.8%
IGV iShares Expanded Tech-Softwa	0.09%	5,342	$428K	Add +61.9%
IBB iShares Biotechnology ETF	0.09%	2,473	$418K	No change
DFUV Dimensional US Marketwide Va	0.09%	8,598	$417K	Reduce -2.3%
UNH Unitedhealth Group Inc.	0.09%	1,513	$409K	Reduce -17.5%
MRK Merck & Co. Inc.	0.09%	3,383	$407K	Reduce -27.8%
SLV iShares Silver Trust	0.09%	5,897	$402K	Add +0.8%
ED Consolidated Edison Inc.	0.08%	3,263	$369K	Reduce -0.4%
CMI Cummins Inc.	0.08%	682	$367K	Add +0.3%
BX Blackstone Inc.	0.08%	3,161	$364K	Reduce -14.5%
SHAK Shake Shack Inc. Class A	0.08%	4,054	$359K	No change
MS Morgan Stanley	0.08%	2,140	$352K	Add +0.5%
NOBL Proshares S&P 500 Dividend A	0.08%	3,277	$347K	Add +2.7%
IWF iShares Russell 1000 Growth	0.07%	783	$334K	No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.07%	1,296	$314K	Add +0.3%
GEHC GE Healthcare Technology	0.07%	4,391	$313K	Reduce -2.2%
CB Chubb Ltd.	0.07%	956	$312K	Reduce -2.0%
MMM 3M Co.	0.07%	2,118	$308K	Add +0.4%
MUC BlackRock Munihold Ca QLTY	0.07%	29,566	$307K	Add +8.3%
ESGV Vanguard ESG US Stock ETF	0.07%	2,709	$304K	No change
ELS Equity Lifestyle Properties	0.07%	4,833	$302K	Reduce -20.3%
XRNPX Cohen & Steers REIT and Pref	0.07%	15,159	$300K	Reduce -23.4%
BA The Boeing Co.	0.07%	1,502	$299K	Reduce -2.3%
LRCX Lam Research Corp.	0.07%	1,394	$298K	Reduce -4.5%
SCHO Schwab Short-Term US Treas	0.07%	12,245	$297K	New
LOW Lowe's Cos Inc.	0.06%	1,202	$284K	Reduce -24.6%
PFE Pfizer Inc.	0.06%	10,062	$283K	Add +2.6%
INTC Intel Corp.	0.06%	6,353	$280K	Reduce -0.5%
OKE Oneok Inc.	0.06%	3,097	$280K	No change
EOD Allspring Global Dividend Op	0.06%	47,710	$278K	Reduce -6.1%
CRWD CrowdStrike Holdings Inc. Class A	0.06%	701	$274K	New
GRMN Garmin Ltd.	0.06%	1,160	$269K	Add +0.4%
RACE Ferrari NV	0.06%	798	$267K	Reduce -7.5%
IBIT iShares Bitcoin Trust ETF	0.06%	6,925	$266K	Add +27.5%
SCHR Schwab Intermediate-Term US	0.06%	10,529	$262K	Add +8.4%
CCI Crown Castle Inc.	0.05%	2,934	$239K	Reduce -5.4%
LAMR Lamar Advertising Co. Class A	0.05%	1,857	$235K	Reduce -5.5%
F Ford Motor Co. filed as FORD MTR CO	0.05%	19,790	$228K	Reduce -11.1%
VEA Vanguard Ftse Developed ETF	0.05%	3,477	$223K	Add +0.3%
EIX Edison International	0.05%	3,033	$222K	New
DFUS Dimensional US Eq MKT ETF	0.05%	3,115	$221K	No change
KIM Kimco Realty Corp.	0.05%	9,788	$220K	New
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.05%	1,720	$217K	Reduce -9.0%
SRE Sempra	0.05%	2,198	$214K	New
MCK McKesson Corp.	0.05%	245	$212K	No change
CMCSA Comcast Corp. Class A	0.05%	7,292	$209K	Reduce -0.5%
ROK Rockwell Automation Inc.	0.05%	571	$205K	Add +0.3%
RFI Cohen & Steers Tot Ret RLTY	0.04%	17,774	$198K	Reduce -6.1%
NAC Nuveen Ca QLTY Muni Inc.	0.04%	14,638	$171K	Add +1.7%
VCV Invesco Ca Val Muni Inc. TR	0.03%	12,711	$133K	Add +1.8%
NCA Nuveen California Muni Val	0.03%	12,418	$116K	Reduce -3.6%
BDTX Black Diamond Therapeutics I	0.02%	35,000	$75K	No change
AMTX Aemetis Inc.	0.01%	10,000	$32K	No change

Options reported separately and not counted above: QBTS calls ($433K).

Other holdings (5): bonds, preferreds, convertibles and warrants · $18.2M (not counted above)

Security	Class	Shares / Principal	Value	Change
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	8,246	$9.5M	Add +1.3%
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	7,058	$8.4M	Add +1.5%
PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E)	6.375 PFD SER E	14,000	$269K	Reduce -1.4%
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: $470.3M.

Portfolio Sells Q4 2025 → Q1 2026


MSFT Microsoft Corp.	Reduce -2.4%	2.29%	−0.64
AAPL Apple Inc.	Reduce -0.9%	15.02%	−0.47
QBTS D-Wave Quantum Inc.	Sold out	0.00%	−0.44
INTU Intuit Inc.	Reduce -65.0%	0.11%	−0.34
CRM Salesforce Inc.	Reduce -3.2%	0.83%	−0.33
GOOG Alphabet Inc. Class C	Reduce -1.9%	3.30%	−0.21
GOOGL Alphabet Inc. Class A	Reduce -4.3%	2.08%	−0.18
ADBE Adobe Inc.	Reduce -28.6%	0.16%	−0.15
NKE Nike Inc. Class B	Reduce -6.0%	0.45%	−0.10
COF Capital One Financial Corp.	Sold out	0.00%	−0.09
PH Parker Hannifin Corp.	Sold out	0.00%	−0.08
LULU Lululemon Athletica Inc.	Reduce -9.4%	0.18%	−0.08
APP AppLovin Corp. Class A	Sold out	0.00%	−0.07
SYK Stryker Corp.	Sold out	0.00%	−0.07
CTAS Cintas Corp.	Reduce -7.1%	0.47%	−0.07
DIS The Walt Disney Co.	Reduce -1.6%	0.46%	−0.07
ORCL Oracle Corp.	Reduce -0.0%	0.25%	−0.07
DHR Danaher Corp.	Sold out	0.00%	−0.06
VOO Vanguard S&P 500 ETF	Reduce -8.7%	0.59%	−0.06
C Citigroup Inc.	Sold out	0.00%	−0.05
PRU Prudential Financial Inc.	Sold out	0.00%	−0.05
SONY Sony Group Corp. - SP ADR	Sold out	0.00%	−0.05
MDT Medtronic PLC	Sold out	0.00%	−0.05
USB US Bancorp	Sold out	0.00%	−0.04
AMP Ameriprise Financial Inc.	Sold out	0.00%	−0.04
WFC Wells Fargo & Co.	Reduce -8.0%	0.21%	−0.04
GD General Dynamics Corp.	Sold out	0.00%	−0.04
A Agilent Technologies Inc.	Sold out	0.00%	−0.04
BX Blackstone Inc.	Reduce -14.5%	0.08%	−0.04
UNH Unitedhealth Group Inc.	Reduce -17.5%	0.09%	−0.04
HD Home Depot Inc.	Reduce -5.4%	0.64%	−0.04
AVB Avalonbay Communities Inc.	Reduce -7.2%	0.25%	−0.03
VICI Vici Properties Inc.	Reduce -13.0%	0.27%	−0.03
URI United Rentals Inc.	Reduce -0.4%	0.48%	−0.03
PANW Palo Alto Networks Inc.	Reduce -1.3%	0.25%	−0.03
VGIT Vanguard Intermediate-Term T	Reduce -6.9%	0.86%	−0.03
ROL Rollins Inc.	Reduce -0.3%	0.30%	−0.02
USA Liberty All Star Equity Fund	Reduce -3.0%	0.18%	−0.02
LOW Lowe's Cos Inc.	Reduce -24.6%	0.06%	−0.02
XRNPX Cohen & Steers REIT and Pref	Reduce -23.4%	0.07%	−0.02
MRK Merck & Co. Inc.	Reduce -27.8%	0.09%	−0.01
VMRK Vivmark Residential	Reduce -5.8%	0.16%	−0.01
ADX Adams Diversified Equity	Reduce -0.7%	1.01%	−0.01
TY Tri-Continental Corp.	Reduce -4.0%	0.43%	−0.01
F Ford Motor Co.	Reduce -11.1%	0.05%	−0.01
ELS Equity Lifestyle Properties	Reduce -20.3%	0.07%	−0.01
GEHC GE Healthcare Technology	Reduce -2.2%	0.07%	−0.01
RACE Ferrari NV	Reduce -7.5%	0.06%	−0.01
AMT American Tower Corp.	Reduce -8.3%	0.14%	−0.01
ESS Essex Property Trust Inc.	Reduce -2.3%	0.12%	−0.01

Portfolio Buys Q4 2025 → Q1 2026


SPY SS SPDR S&P 500 ETF Trust-US	Add +15.9%	2.71%	+0.37
XOM Exxon Mobil Corp.	Add +1.4%	0.95%	+0.32
IRM Iron Mountain Inc.	Add +0.3%	1.07%	+0.24
JMBS Janus Henderson Mortg Backed	New	0.21%	+0.21
JAAA Janus Henderson Aaa Clo ETF	Add +5.4%	1.73%	+0.16
WMT Walmart Inc.	Add +0.4%	1.06%	+0.16
BSVO EA Bridgeway Omni Sm-Cp Val	Add +2.5%	1.02%	+0.15
GEV GE Vernova Inc.	Add +5.5%	0.32%	+0.10
NFLX Netflix Inc.	Add +2.4%	0.88%	+0.08
WM Waste Management Inc.	Add +0.6%	0.86%	+0.08
BNY Bank of New York Mellon Corp.	Add +21.4%	0.33%	+0.08
DISV Dimensional International SM	Add +29.6%	0.24%	+0.07
SCHO Schwab Short-Term US Treas	New	0.07%	+0.07
NVDA Nvidia Corp.	Add +3.5%	4.41%	+0.06
CRWD CrowdStrike Holdings Inc. Class A	New	0.06%	+0.06
HSY The Hershey Co.	Add +0.7%	0.29%	+0.05
EIX Edison International	New	0.05%	+0.05
KIM Kimco Realty Corp.	New	0.05%	+0.05
GLD SPDR Gold Shares	Add +4.2%	0.31%	+0.05
RVT Royce Small-Cap Trust Inc.	Add +0.2%	0.63%	+0.05
SRE Sempra	New	0.05%	+0.05
DFIV Dimensional International Va	Add +7.2%	0.29%	+0.05
CBOE Cboe Global Markets Inc.	Add +0.1%	0.30%	+0.05
BCX BlackRock Resources & Commod	Add +8.6%	0.18%	+0.04
DFEM Dimensional Emrg MRKT Core	Add +14.6%	0.16%	+0.03
PM Philip Morris International	Add +0.6%	0.40%	+0.03
TJX TJX Companies Inc.	Add +1.5%	0.33%	+0.03
EQIX Equinix Inc.	Add +0.4%	0.11%	+0.03
QQQ Invesco QQQ Trust Series 1	Add +10.2%	0.36%	+0.03
AZN Astrazeneca PLC	Add +0.7%	0.23%	+0.03
DFAC Dimensional US Core Equity 2	Add +1.5%	0.61%	+0.03
CME Cme Group Inc.	Add +3.4%	0.17%	+0.02
DFLV Dim US Large Cap Value ETF	Add +19.8%	0.10%	+0.02
AZO AutoZone Inc.	Add +0.3%	0.51%	+0.02
DUK Duke Energy Corp.	Add +2.3%	0.14%	+0.02
IGV iShares Expanded Tech-Softwa	Add +61.9%	0.09%	+0.02
SPYM Ste STR SPDR PT S&P 500 ETF	Add +15.6%	0.15%	+0.02
GE General Electric	Add +8.3%	0.40%	+0.02
ZM Zoom Communications Inc.	Add +6.2%	0.48%	+0.02
ETN Eaton Corp. PLC	Add +0.4%	0.11%	+0.02
SO The Southern Co.	Add +0.8%	0.10%	+0.01
ORLY O'reilly Automotive Inc.	Add +2.3%	0.19%	+0.01
BRK.B Berkshire Hathaway Inc. Class B	Add +0.3%	4.87%	+0.01
DFAX Dimensional World Ex US Core	Add +1.2%	0.13%	+0.01
PFE Pfizer Inc.	Add +2.6%	0.06%	+0.01
GS Goldman Sachs Group Inc.	Add +0.4%	0.85%	+0.01
GRMN Garmin Ltd.	Add +0.4%	0.06%	+0.01
SLV iShares Silver Trust	Add +0.8%	0.09%	+0.01
CSCO Cisco Systems Inc.	Add +0.3%	0.15%	+0.01
CMI Cummins Inc.	Add +0.3%	0.08%	+0.01

Options Activity Q4 2025 → Q1 2026


AAPL Apple Inc.	put	Sold out	30,000	$8.2Mbefore exit
QBTS D-Wave Quantum Inc.	put	Sold out	80,000	$2.1Mbefore exit
SGMT Sagimet Biosciences Inc. Class A	put	Sold out	80,000	$474Kbefore exit
QBTS D-Wave Quantum Inc.	call	New	30,000	$433K

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

Notes & Other Activity Q4 2025 → Q1 2026


WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	Add +1.3%	8,246	$9.5M
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Add +1.5%	7,058	$8.4M
PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E)	6.375 PFD SER E	Reduce -1.4%	14,000	$269K

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