RJA Asset Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), RJA Asset Management LLC reported 3 stock positions worth $262.7 million. Its top holding was Apple (AAPL) at 95.0% of the portfolio, followed by Twilio Class A (TWLO, 2.6%) and Affirm (AFRM, 2.4%). Compared with Q2 2025, it sold out of 1, added to 1 and reduced 2. The biggest buy was Twilio Class A (TWLO, shares +239%) and the biggest sale Affirm (AFRM, shares −85%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001671817
Portfolio Value
$262.7M (Q3 2025)
SEC Filing
0001671817-25-000009 ↗ filed Nov 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $294.7M Q1 2024 Q2 2024: $353.5M Q2 2024 Q3 2024: $395.0M Q3 2024 Q4 2024: $416.4M Q4 2024 Q1 2025: $324.2M Q1 2025 Q2 2025: $290.4M Q2 2025 Q3 2025: $262.7M $262.7M Q3 2025 Q4 2025: $282.5M Q4 2025 Q1 2026: $271.8M Q1 2026 Q2 2026: $320.9M Q2 2026

Holdings 3 stocks · $262.7M
AAPL Apple Inc. 95.03% 980,200 $249.6M Reduce -12.7%
TWLO Twilio Inc. Class A 2.59% 68,082 $6.8M Add +239.0%
AFRM Affirm Holdings Inc. 2.38% 85,500 $6.2M Reduce -84.6%

Portfolio Sells Q2 2025 → Q3 2025
AFRM Affirm Holdings Inc. Reduce -84.6% 2.38% −10.81
META Meta Platforms Inc. Class A Sold out 0.00% −6.60
AAPL Apple Inc. Reduce -12.7% 95.03% +15.67

Portfolio Buys Q2 2025 → Q3 2025
TWLO Twilio Inc. Class A Add +239.0% 2.59% +1.73

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$320.9MAAPL, AFRM, TWLO, LYFT
Q1 2026 4$271.8MAAPL, AFRM, TWLO, LYFT
Q4 2025 3$282.5MAAPL, TWLO, AFRM
Q3 2025 3$262.7MAAPL, TWLO, AFRM
Q2 2025 4$290.4MAAPL, AFRM, META, TWLO
Q1 2025 4$324.2MAAPL, AFRM, META, TWLO
Q4 2024 4$416.4MAAPL, AFRM, TWLO, META
Q3 2024 4$395.0MAAPL, TWLO, AFRM, META
Q2 2024 4$353.5MAAPL, TWLO, META, AFRM
Q1 2024 4$294.7MAAPL, AFRM, META, TWLO