RMR Capital Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), RMR Capital Management, LLC reported 78 stock positions worth $138.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 20.4% of the portfolio, followed by iShares 0-3 Month Treasury B (SGOV, 10.8%) and Sixth Street Specialty Lendi (TSLX, 3.9%). Compared with Q4 2024, it opened 3 new positions, sold out of 1, added to 20 and reduced 15. The biggest buy was Direxion SHS ETF TR (shares +229%) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −3%).

Most Recent 13F
Q2 2026
Location
Tustin, CA
CIK
0002032709
Portfolio Value
$138.6M (Q1 2025)
SEC Filing
0001172661-25-001782 ↗ filed May 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $100.5M Q1 2024 Q2 2024: $109.5M Q2 2024 Q3 2024: $117.6M Q3 2024 Q4 2024: $134.3M Q4 2024 Q1 2025: $138.6M $138.6M Q1 2025 Q2 2025: $139.9M Q2 2025 Q3 2025: $143.2M Q3 2025 Q4 2025: $138.6M Q4 2025 Q1 2026: $138.5M Q1 2026 Q2 2026: $145.2M Q2 2026

Holdings 78 stocks · $138.6M
BRK.B Berkshire Hathaway Inc. Class B 20.45% 53,218 $28.3M Reduce -0.7%
SGOV iShares 0-3 Month Treasury B 10.79% 148,595 $15.0M Reduce -3.3%
TSLX Sixth Street Specialty Lendi 3.93% 243,231 $5.4M Reduce -0.4%
SYFI AB SHRT Duration HGH YLD ETF filed as AB ACTIVE ETFS INC 3.08% 120,222 $4.3M Add +1.6%
RSP Invesco S&P 500 Equal Weight 2.99% 23,888 $4.1M Add +1.2%
BRK.A Berkshire Hathaway Inc. Class A 2.88% 5 $4.0M No change
COST Costco Wholesale Corp. 2.48% 3,632 $3.4M No change
PFF iShares Preferred & Income S 2.40% 108,354 $3.3M Add +1.8%
GOOGL Alphabet Inc. Class A 2.16% 19,363 $3.0M No change
SPSM SS SPDR P S&P 600 Small Cap 2.15% 73,094 $3.0M Add +0.4%
CASH Pathward Financial Inc. 2.03% 38,588 $2.8M Reduce -0.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 1.89% 14,071 $2.6M Reduce -0.9%
BINC iShares Flex I A ETF-Usd Inc. 1.76% 46,472 $2.4M Add +0.6%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.74% 15,027 $2.4M Reduce -3.0%
JPM JPMorgan Chase & Co. 1.54% 8,679 $2.1M No change
QUAL iShares MSCI USA Quality Fac 1.53% 12,416 $2.1M Reduce -2.8%
JOE The St Joe Co. 1.48% 43,584 $2.0M No change
AXP American Express Co. 1.47% 7,558 $2.0M No change
ABBV Abbvie Inc. 1.39% 9,212 $1.9M No change
VCIT Vanguard Int-Term Corporate 1.39% 23,575 $1.9M Add +0.8%
MCD McDonald's Corp. 1.36% 6,039 $1.9M No change
WMT Walmart Inc. 1.32% 20,798 $1.8M Reduce -17.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.26% 6,760 $1.7M Add +4.0%
AAPL Apple Inc. 1.26% 7,832 $1.7M No change
RTX RTX Corp. 1.25% 13,059 $1.7M No change
RPV Invesco S&P 500 Pure Value E 1.17% 17,539 $1.6M Add +0.1%
SCHW Schwab (charles) Corp. 1.14% 20,219 $1.6M Add +6.5%
MSFT Microsoft Corp. 1.11% 4,107 $1.5M No change
V Visa Inc. Class A 1.10% 4,362 $1.5M No change
FTA First Trust L C Val Alp 1.08% 19,429 $1.5M Reduce -0.9%
JNJ Johnson & Johnson 1.04% 8,702 $1.4M No change
IGLB iShares 10+ Year Inv GR Corp. 1.00% 27,522 $1.4M No change
ABT Abbott Laboratories 0.76% 7,900 $1.0M No change
GS Goldman Sachs Group Inc. 0.75% 1,911 $1.0M No change
AMZN Amazon.com Inc. 0.73% 5,289 $1.0M No change
PYLD PIMCO Multisector Bond Actv 0.68% 35,666 $940K Reduce -2.5%
GLD SPDR Gold Shares 0.67% 3,231 $931K No change
GD General Dynamics Corp. 0.66% 3,357 $915K No change
IVV iShares Core S&P 500 ETF 0.63% 1,551 $872K Reduce -5.3%
BFOR Barron's 400 ETF 0.59% 11,762 $817K Reduce -0.1%
HYBB iShares BB Rated Corp. Bond 0.59% 17,626 $814K No change
GOOG Alphabet Inc. Class C 0.55% 4,860 $759K No change
ITA iShares U.S. Aerospace & Def 0.54% 4,852 $743K Add +0.0%
DTD Wisdomtree US Total Dividend 0.53% 9,560 $736K Add +0.1%
FICO Fair Isaac Corp. 0.51% 382 $704K No change
HQI Hirequest Inc. 0.50% 58,494 $696K Reduce -8.0%
CSX CSX Corp. 0.49% 23,278 $685K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.47% 7,049 $647K Add +0.5%
SPLB SS SPDR P Long Term C ETF 0.39% 23,971 $541K No change
PAYX Paychex Inc. 0.39% 3,506 $541K No change
KO The Coca-Cola Co. 0.39% 7,507 $538K No change
NNI Nelnet Inc. Class A 0.36% 4,453 $494K Add +10.4%
DIREXION SHS ETF TR 0.35% 43,677 $489K Add +229.3%
CPNG Coupang Inc. 0.34% 21,592 $474K No change
SSD Simpson Manufacturing Co. Inc. 0.33% 2,885 $453K Add +42.8%
CB Chubb Ltd. 0.29% 1,325 $400K No change
NVDA Nvidia Corp. 0.27% 3,487 $378K Add +5.1%
AIG American International Group 0.26% 4,069 $354K No change
MKL Markel Group Inc. 0.25% 186 $348K No change
LLY Eli Lilly & Co. 0.25% 418 $345K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.25% 6,527 $343K Add +0.8%
IJR iShares Core S&P Small-Cap E 0.25% 3,273 $342K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.24% 3,108 $338K Add +0.8%
VYM Vanguard High DVD Yield ETF 0.24% 2,576 $332K Reduce -1.2%
TOST Toast Inc. Class A 0.20% 8,291 $275K New
FBTC Fidelity Wise Origin Bitcoin 0.19% 3,659 $263K Add +9.0%
MGM MGM Resorts International 0.19% 8,700 $258K New
IWD iShares Russell 1000 Value E 0.17% 1,273 $240K No change
MDLZ Mondelez International Inc. Class A 0.17% 3,509 $238K No change
IJH iShares Core S&P Midcap ETF 0.16% 3,785 $221K No change
ISCV iShares Morningstar Small-Ca 0.16% 3,699 $219K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.16% 384 $215K Reduce -5.4%
NOC Northrop Grumman Corp. 0.15% 399 $204K New
VOO Vanguard S&P 500 ETF 0.15% 393 $202K Add +5.4%
IWB iShares Russell 1000 ETF 0.14% 654 $201K No change
IDN Intellicheck Inc. 0.08% 35,550 $108K No change
TSLA Tesla Inc. 0.01% 34 $9K No change
SENS Senseonics Holdings Inc. 0.01% 11,629 $8K No change

Options reported separately and not counted above: TSLA puts ($2.3M).

Portfolio Sells Q4 2024 → Q1 2025
SGOV iShares 0-3 Month Treasury B Reduce -3.3% 10.79% −0.68
WMT Walmart Inc. Reduce -17.0% 1.32% −0.37
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -0.9% 1.89% −0.21
HQI Hirequest Inc. Reduce -8.0% 0.50% −0.17
UDR Udr Inc. Sold out 0.00% −0.17
QUAL iShares MSCI USA Quality Fac Reduce -2.8% 1.53% −0.16
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -3.0% 1.74% −0.13
IVV iShares Core S&P 500 ETF Reduce -5.3% 0.63% −0.09
CASH Pathward Financial Inc. Reduce -0.1% 2.03% −0.09
BFOR Barron's 400 ETF Reduce -0.1% 0.59% −0.05
FTA First Trust L C Val Alp Reduce -0.9% 1.08% −0.04
PYLD PIMCO Multisector Bond Actv Reduce -2.5% 0.68% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.4% 0.16% −0.02
VYM Vanguard High DVD Yield ETF Reduce -1.2% 0.24% −0.01
TSLX Sixth Street Specialty Lendi Reduce -0.4% 3.93% +0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.7% 20.45% +2.36

Portfolio Buys Q4 2024 → Q1 2025
DIREXION SHS ETF TR Add +229.3% 0.35% +0.27
TOST Toast Inc. Class A New 0.20% +0.20
MGM MGM Resorts International New 0.19% +0.19
NOC Northrop Grumman Corp. New 0.15% +0.15
SCHW Schwab (charles) Corp. Add +6.5% 1.14% +0.10
SSD Simpson Manufacturing Co. Inc. Add +42.8% 0.33% +0.08
NNI Nelnet Inc. Class A Add +10.4% 0.36% +0.04
ITA iShares U.S. Aerospace & Def Add +0.0% 0.54% +0.01
IGIB iShares 5-10Y Inv Grade Corp. Add +0.8% 0.25% −0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +0.8% 0.24% −0.00
VOO Vanguard S&P 500 ETF Add +5.4% 0.15% −0.00
VCIT Vanguard Int-Term Corporate Add +0.8% 1.39% −0.01
RPV Invesco S&P 500 Pure Value E Add +0.1% 1.17% −0.01
DTD Wisdomtree US Total Dividend Add +0.1% 0.53% −0.01
BIL SS SPDR BB 1-3M T-Bill ETF Add +0.5% 0.47% −0.01
FBTC Fidelity Wise Origin Bitcoin Add +9.0% 0.19% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +4.0% 1.26% −0.02
BINC iShares Flex I A ETF-Usd Inc. Add +0.6% 1.76% −0.03
NVDA Nvidia Corp. Add +5.1% 0.27% −0.06
SYFI AB SHRT Duration HGH YLD ETF Add +1.6% 3.08% −0.06
PFF iShares Preferred & Income S Add +1.8% 2.40% −0.09
RSP Invesco S&P 500 Equal Weight Add +1.2% 2.99% −0.09
SPSM SS SPDR P S&P 600 Small Cap Add +0.4% 2.15% −0.29

Options Activity Q4 2024 → Q1 2025
TSLA Tesla Inc. put Add +200.0% 9,000 $2.3M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 76$145.2MBRK.B, SGOV, GOOGL, RSP, TSLX
Q1 2026 75$138.5MBRK.B, SGOV, GOOGL, RSP, TSLX
Q4 2025 72$138.6MBRK.B, SGOV, GOOGL, RSP, SYFI
Q3 2025 80$143.2MBRK.B, SGOV, TSLX, SYFI, RSP
Q2 2025 73$139.9MSGOV, BRK.B, TSLX, RSP, SYFI
Q1 2025 78$138.6MBRK.B, SGOV, TSLX, SYFI, RSP
Q4 2024 76$134.3MBRK.B, SGOV, TSLX, SYFI, RSP
Q3 2024 72$117.6MBRK.B, SGOV, RSP, BRK.A, SPSM
Q2 2024 68$109.5MBRK.B, SGOV, RSP, BRK.A, GOOGL
Q1 2024 68$100.5MBRK.B, RSP, BRK.A, TSLX, SPSM