RMR Capital Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), RMR Capital Management, LLC reported 73 stock positions worth $139.9 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 18.2% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 17.8%) and Sixth Street Specialty Lendi (TSLX, 3.2%). Compared with Q1 2025, it opened 1 new position, sold out of 6, added to 11 and reduced 26. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +70%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −3%).

Most Recent 13F
Q2 2026
Location
Tustin, CA
CIK
0002032709
Portfolio Value
$139.9M (Q2 2025)
SEC Filing
0001172661-25-002746 ↗ filed Jul 28, 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 Q1 2025 Q2 2025: $139.9M $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 73 stocks · $139.9M
SGOV iShares 0-3 Month Treasury B 18.19% 252,770 $25.5M Add +70.1%
BRK.B Berkshire Hathaway Inc. Class B 17.85% 51,391 $25.0M Reduce -3.4%
TSLX Sixth Street Specialty Lendi 3.24% 190,495 $4.5M Reduce -21.7%
RSP Invesco S&P 500 Equal Weight 2.99% 23,021 $4.2M Reduce -3.6%
SYFI AB SHRT Duration HGH YLD ETF filed as AB ACTIVE ETFS INC 2.63% 102,331 $3.7M Reduce -14.9%
BRK.A Berkshire Hathaway Inc. Class A 2.60% 5 $3.6M No change
COST Costco Wholesale Corp. 2.57% 3,632 $3.6M No change
CASH Pathward Financial Inc. 2.27% 40,091 $3.2M Add +3.9%
GOOGL Alphabet Inc. Class A 2.13% 16,903 $3.0M Reduce -12.7%
BINC iShares Flex I A ETF-Usd Inc. 1.72% 45,647 $2.4M Reduce -1.8%
SPSM SS SPDR P S&P 600 Small Cap 1.62% 53,292 $2.3M Reduce -27.1%
PFF iShares Preferred & Income S 1.55% 70,879 $2.2M Reduce -34.6%
JOE The St Joe Co. 1.49% 43,584 $2.1M No change
MSFT Microsoft Corp. 1.46% 4,107 $2.0M No change
WMT Walmart Inc. 1.45% 20,798 $2.0M No change
QUAL iShares MSCI USA Quality Fac 1.45% 11,093 $2.0M Reduce -10.7%
AXP American Express Co. 1.43% 6,260 $2.0M Reduce -17.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 1.43% 10,240 $2.0M Reduce -27.2%
VCIT Vanguard Int-Term Corporate 1.39% 23,420 $1.9M Reduce -0.7%
RTX RTX Corp. 1.36% 13,059 $1.9M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 1.34% 11,358 $1.9M Reduce -24.4%
MCD McDonald's Corp. 1.26% 6,039 $1.8M No change
ABBV Abbvie Inc. 1.22% 9,212 $1.7M No change
JPM JPMorgan Chase & Co. 1.18% 5,677 $1.6M Reduce -34.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.15% 5,766 $1.6M Reduce -14.7%
V Visa Inc. Class A 1.11% 4,362 $1.5M No change
SCHW Schwab (charles) Corp. 1.10% 16,885 $1.5M Reduce -16.5%
IGLB iShares 10+ Year Inv GR Corp. 1.00% 27,942 $1.4M Add +1.5%
JNJ Johnson & Johnson 0.95% 8,702 $1.3M No change
RPV Invesco S&P 500 Pure Value E 0.94% 13,951 $1.3M Reduce -20.5%
AAPL Apple Inc. 0.89% 6,096 $1.3M Reduce -22.2%
GS Goldman Sachs Group Inc. 0.86% 1,696 $1.2M Reduce -11.3%
AMZN Amazon.com Inc. 0.83% 5,289 $1.2M No change
ABT Abbott Laboratories 0.77% 7,900 $1.1M No change
GOOG Alphabet Inc. Class C 0.72% 5,700 $1.0M Add +17.3%
GLD SPDR Gold Shares 0.70% 3,231 $985K No change
GD General Dynamics Corp. 0.70% 3,357 $979K No change
IVV iShares Core S&P 500 ETF 0.69% 1,551 $963K No change
PYLD PIMCO Multisector Bond Actv 0.68% 35,666 $947K No change
FTA First Trust L C Val Alp 0.66% 11,729 $922K Reduce -39.6%
BFOR Barron's 400 ETF 0.62% 11,325 $872K Reduce -3.7%
HYBB iShares BB Rated Corp. Bond 0.61% 18,121 $852K Add +2.8%
CSX CSX Corp. 0.54% 23,278 $760K No change
MGM MGM Resorts International 0.52% 21,093 $725K Add +142.4%
FICO Fair Isaac Corp. 0.50% 382 $698K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.47% 7,104 $652K Add +0.8%
CPNG Coupang Inc. 0.46% 21,592 $647K No change
ITA iShares U.S. Aerospace & Def 0.43% 3,213 $606K Reduce -33.8%
NNI Nelnet Inc. Class A 0.43% 4,917 $596K Add +10.4%
NVDA Nvidia Corp. 0.39% 3,487 $551K No change
SPLB SS SPDR P Long Term C ETF 0.39% 23,971 $541K No change
KO The Coca-Cola Co. 0.38% 7,507 $531K No change
PAYX Paychex Inc. 0.36% 3,506 $510K No change
DTD Wisdomtree US Total Dividend 0.35% 6,171 $491K Reduce -35.5%
SSD Simpson Manufacturing Co. Inc. 0.32% 2,885 $448K No change
CB Chubb Ltd. 0.27% 1,325 $384K No change
MKL Markel Group Inc. 0.27% 186 $372K No change
TOST Toast Inc. Class A 0.26% 8,291 $367K No change
IJR iShares Core S&P Small-Cap E 0.26% 3,273 $358K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.25% 6,603 $352K Add +1.2%
AIG American International Group 0.25% 4,069 $348K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.25% 3,144 $345K Add +1.2%
FBTC Fidelity Wise Origin Bitcoin 0.25% 3,659 $344K No change
LLY Eli Lilly & Co. 0.23% 418 $326K No change
VYM Vanguard High DVD Yield ETF 0.20% 2,082 $278K Reduce -19.2%
IWD iShares Russell 1000 Value E 0.18% 1,273 $247K No change
HQI Hirequest Inc. 0.18% 24,614 $246K Reduce -57.9%
MDLZ Mondelez International Inc. Class A 0.17% 3,509 $237K No change
VGK Vanguard Ftse Europe ETF 0.17% 2,999 $232K New
VOO Vanguard S&P 500 ETF 0.16% 395 $224K Add +0.5%
IWB iShares Russell 1000 ETF 0.16% 654 $222K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.15% 345 $213K Reduce -10.2%
SENS Senseonics Holdings Inc. 0.00% 11,629 $6K No change

Portfolio Sells Q1 2025 → Q2 2025
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.4% 17.85% −2.60
PFF iShares Preferred & Income S Reduce -34.6% 1.55% −0.85
TSLX Sixth Street Specialty Lendi Reduce -21.7% 3.24% −0.69
SPSM SS SPDR P S&P 600 Small Cap Reduce -27.1% 1.62% −0.53
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -27.2% 1.43% −0.46
SYFI AB SHRT Duration HGH YLD ETF Reduce -14.9% 2.63% −0.45
FTA First Trust L C Val Alp Reduce -39.6% 0.66% −0.42
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -24.4% 1.34% −0.41
AAPL Apple Inc. Reduce -22.2% 0.89% −0.36
JPM JPMorgan Chase & Co. Reduce -34.6% 1.18% −0.36
DIREXION SHS ETF TR Sold out 0.00% −0.35
HQI Hirequest Inc. Reduce -57.9% 0.18% −0.33
RPV Invesco S&P 500 Pure Value E Reduce -20.5% 0.94% −0.23
DTD Wisdomtree US Total Dividend Reduce -35.5% 0.35% −0.18
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.16
ISCV iShares Morningstar Small-Ca Sold out 0.00% −0.16
NOC Northrop Grumman Corp. Sold out 0.00% −0.15
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -14.7% 1.15% −0.11
ITA iShares U.S. Aerospace & Def Reduce -33.8% 0.43% −0.10
QUAL iShares MSCI USA Quality Fac Reduce -10.7% 1.45% −0.08
IDN Intellicheck Inc. Sold out 0.00% −0.08
VYM Vanguard High DVD Yield ETF Reduce -19.2% 0.20% −0.04
SCHW Schwab (charles) Corp. Reduce -16.5% 1.10% −0.04
AXP American Express Co. Reduce -17.2% 1.43% −0.04
BINC iShares Flex I A ETF-Usd Inc. Reduce -1.8% 1.72% −0.03
GOOGL Alphabet Inc. Class A Reduce -12.7% 2.13% −0.03
TSLA Tesla Inc. Sold out 0.00% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -10.2% 0.15% −0.00
VCIT Vanguard Int-Term Corporate Reduce -0.7% 1.39% −0.00
RSP Invesco S&P 500 Equal Weight Reduce -3.6% 2.99% +0.01
BFOR Barron's 400 ETF Reduce -3.7% 0.62% +0.03
GS Goldman Sachs Group Inc. Reduce -11.3% 0.86% +0.10

Portfolio Buys Q1 2025 → Q2 2025
SGOV iShares 0-3 Month Treasury B Add +70.1% 18.19% +7.40
MGM MGM Resorts International Add +142.4% 0.52% +0.33
CASH Pathward Financial Inc. Add +3.9% 2.27% +0.24
GOOG Alphabet Inc. Class C Add +17.3% 0.72% +0.17
VGK Vanguard Ftse Europe ETF New 0.17% +0.17
NNI Nelnet Inc. Class A Add +10.4% 0.43% +0.07
HYBB iShares BB Rated Corp. Bond Add +2.8% 0.61% +0.02
VOO Vanguard S&P 500 ETF Add +0.5% 0.16% +0.01
IGLB iShares 10+ Year Inv GR Corp. Add +1.5% 1.00% +0.01
IGIB iShares 5-10Y Inv Grade Corp. Add +1.2% 0.25% +0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +1.2% 0.25% +0.00
BIL SS SPDR BB 1-3M T-Bill ETF Add +0.8% 0.47% −0.00

Options Activity Q1 2025 → Q2 2025
TSLA Tesla Inc. put Sold out 9,000 $2.3Mbefore exit

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