RMR Capital Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), RMR Capital Management, LLC reported 80 stock positions worth $143.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 17.9% of the portfolio, followed by iShares 0-3 Month Treasury B (SGOV, 11.8%) and Sixth Street Specialty Lendi (TSLX, 3.4%). Compared with Q2 2025, it opened 7 new positions, added to 23 and reduced 12. The biggest buy was PIMCO Multisector Bond Actv (PYLD, shares +101%) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −34%).

Most Recent 13F
Q2 2026
Location
Tustin, CA
CIK
0002032709
Portfolio Value
$143.2M (Q3 2025)
SEC Filing
0001172661-25-004554 ↗ filed Nov 3, 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 Q2 2025 Q3 2025: $143.2M $143.2M Q3 2025 Q4 2025: $138.6M Q4 2025 Q1 2026: $138.5M Q1 2026 Q2 2026: $145.2M Q2 2026

Holdings 80 stocks · $143.2M
BRK.B Berkshire Hathaway Inc. Class B 17.89% 50,944 $25.6M Reduce -0.9%
SGOV iShares 0-3 Month Treasury B 11.81% 167,879 $16.9M Reduce -33.6%
TSLX Sixth Street Specialty Lendi 3.42% 214,249 $4.9M Add +12.5%
SYFI AB SHRT Duration HGH YLD ETF filed as AB ACTIVE ETFS INC 3.26% 129,323 $4.7M Add +26.4%
RSP Invesco S&P 500 Equal Weight 3.09% 23,331 $4.4M Add +1.4%
GOOGL Alphabet Inc. Class A 2.87% 16,903 $4.1M No change
BRK.A Berkshire Hathaway Inc. Class A 2.63% 5 $3.8M No change
COST Costco Wholesale Corp. 2.34% 3,627 $3.4M Reduce -0.1%
BINC iShares Flex I A ETF-Usd Inc. 2.10% 56,476 $3.0M Add +23.7%
CASH Pathward Financial Inc. 1.97% 38,169 $2.8M Reduce -4.8%
PFF iShares Preferred & Income S 1.93% 87,477 $2.8M Add +23.4%
SPSM SS SPDR P S&P 600 Small Cap 1.86% 57,493 $2.7M Add +7.9%
VCIT Vanguard Int-Term Corporate 1.61% 27,360 $2.3M Add +16.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 1.57% 10,751 $2.2M Add +5.0%
RTX RTX Corp. 1.53% 13,059 $2.2M No change
JOE The St Joe Co. 1.50% 43,464 $2.2M Reduce -0.3%
WMT Walmart Inc. 1.50% 20,798 $2.1M No change
ABBV Abbvie Inc. 1.49% 9,212 $2.1M No change
QUAL iShares MSCI USA Quality Fac 1.49% 10,942 $2.1M Reduce -1.4%
MSFT Microsoft Corp. 1.49% 4,107 $2.1M No change
VOE Vngrd Mrngstr MD-Cap Val ETF 1.48% 12,120 $2.1M Add +6.7%
AXP American Express Co. 1.45% 6,260 $2.1M No change
PYLD PIMCO Multisector Bond Actv 1.35% 71,812 $1.9M Add +101.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.29% 6,278 $1.8M Add +8.9%
MCD McDonald's Corp. 1.28% 6,039 $1.8M No change
JPM JPMorgan Chase & Co. 1.25% 5,677 $1.8M No change
JNJ Johnson & Johnson 1.13% 8,702 $1.6M No change
SCHW Schwab (charles) Corp. 1.13% 16,885 $1.6M No change
AAPL Apple Inc. 1.08% 6,096 $1.6M No change
V Visa Inc. Class A 1.04% 4,362 $1.5M No change
IGLB iShares 10+ Year Inv GR Corp. 1.01% 27,951 $1.4M Add +0.0%
GOOG Alphabet Inc. Class C 0.97% 5,700 $1.4M No change
GS Goldman Sachs Group Inc. 0.94% 1,696 $1.4M No change
RPV Invesco S&P 500 Pure Value E 0.94% 13,529 $1.3M Reduce -3.0%
HYBB iShares BB Rated Corp. Bond 0.90% 27,130 $1.3M Add +49.7%
AMZN Amazon.com Inc. 0.81% 5,289 $1.2M No change
GLD SPDR Gold Shares 0.80% 3,231 $1.1M No change
GD General Dynamics Corp. 0.80% 3,357 $1.1M No change
FTA First Trust L C Val Alp 0.74% 12,744 $1.1M Add +8.7%
ABT Abbott Laboratories 0.74% 7,900 $1.1M No change
IVV iShares Core S&P 500 ETF 0.73% 1,551 $1.0M No change
BFOR Barron's 400 ETF 0.64% 11,327 $920K Add +0.0%
CSX CSX Corp. 0.58% 23,278 $827K No change
MGM MGM Resorts International 0.47% 19,493 $676K Reduce -7.6%
ITA iShares U.S. Aerospace & Def 0.47% 3,217 $673K Add +0.1%
BIL SS SPDR BB 1-3M T-Bill ETF 0.46% 7,159 $657K Add +0.8%
NVDA Nvidia Corp. 0.45% 3,487 $651K No change
CPNG Coupang Inc. 0.44% 19,459 $627K Reduce -9.9%
NNI Nelnet Inc. Class A 0.42% 4,763 $597K Reduce -3.1%
SPLB SS SPDR P Long Term C ETF 0.39% 23,971 $554K No change
DTD Wisdomtree US Total Dividend 0.36% 6,177 $519K Add +0.1%
KO The Coca-Cola Co. 0.35% 7,507 $498K No change
PAYX Paychex Inc. 0.31% 3,506 $444K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.31% 3,984 $444K Add +26.7%
SSD Simpson Manufacturing Co. Inc. 0.30% 2,565 $430K Reduce -11.1%
FICO Fair Isaac Corp. 0.30% 284 $425K Reduce -25.6%
IJR iShares Core S&P Small-Cap E 0.27% 3,273 $389K No change
CB Chubb Ltd. 0.26% 1,325 $374K No change
FBTC Fidelity Wise Origin Bitcoin 0.26% 3,709 $370K Add +1.4%
IGIB iShares 5-10Y Inv Grade Corp. 0.25% 6,680 $361K Add +1.2%
MKL Markel Group Inc. 0.25% 186 $356K No change
VYM Vanguard High DVD Yield ETF 0.23% 2,305 $325K Add +10.7%
BRO Brown & Brown Inc. 0.23% 3,440 $323K New
AIG American International Group 0.22% 4,069 $320K No change
LLY Eli Lilly & Co. 0.22% 418 $319K No change
TOST Toast Inc. Class A 0.21% 8,291 $303K No change
AMRZ Amrize Ltd. 0.21% 6,200 $301K New
IWD iShares Russell 1000 Value E 0.18% 1,273 $259K No change
NOC Northrop Grumman Corp. 0.17% 399 $243K New
VOO Vanguard S&P 500 ETF 0.17% 395 $242K No change
ISCV iShares Morningstar Small-Ca 0.17% 3,621 $241K New
VGK Vanguard Ftse Europe ETF 0.17% 2,999 $239K No change
IWB iShares Russell 1000 ETF 0.17% 654 $239K No change
HQI Hirequest Inc. 0.17% 24,614 $237K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.16% 346 $230K Add +0.3%
MDLZ Mondelez International Inc. Class A 0.15% 3,509 $219K No change
UTG Reaves Utility Income Fund 0.15% 5,373 $213K New
LQDA Liquidia Corp. 0.15% 9,315 $212K New
SCHB Schwab US Broad Market ETF 0.15% 8,088 $208K New
SENS Senseonics Holdings Inc. 0.00% 11,629 $5K No change

Portfolio Sells Q2 2025 → Q3 2025
SGOV iShares 0-3 Month Treasury B Reduce -33.6% 11.81% −6.39
CASH Pathward Financial Inc. Reduce -4.8% 1.97% −0.29
COST Costco Wholesale Corp. Reduce -0.1% 2.34% −0.23
FICO Fair Isaac Corp. Reduce -25.6% 0.30% −0.20
MGM MGM Resorts International Reduce -7.6% 0.47% −0.05
CPNG Coupang Inc. Reduce -9.9% 0.44% −0.02
SSD Simpson Manufacturing Co. Inc. Reduce -11.1% 0.30% −0.02
NNI Nelnet Inc. Class A Reduce -3.1% 0.42% −0.01
RPV Invesco S&P 500 Pure Value E Reduce -3.0% 0.94% +0.00
JOE The St Joe Co. Reduce -0.3% 1.50% +0.02
QUAL iShares MSCI USA Quality Fac Reduce -1.4% 1.49% +0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.9% 17.89% +0.04

Portfolio Buys Q2 2025 → Q3 2025
PYLD PIMCO Multisector Bond Actv Add +101.3% 1.35% +0.67
SYFI AB SHRT Duration HGH YLD ETF Add +26.4% 3.26% +0.63
PFF iShares Preferred & Income S Add +23.4% 1.93% +0.38
BINC iShares Flex I A ETF-Usd Inc. Add +23.7% 2.10% +0.38
HYBB iShares BB Rated Corp. Bond Add +49.7% 0.90% +0.29
SPSM SS SPDR P S&P 600 Small Cap Add +7.9% 1.86% +0.24
BRO Brown & Brown Inc. New 0.23% +0.23
VCIT Vanguard Int-Term Corporate Add +16.8% 1.61% +0.22
AMRZ Amrize Ltd. New 0.21% +0.21
TSLX Sixth Street Specialty Lendi Add +12.5% 3.42% +0.18
NOC Northrop Grumman Corp. New 0.17% +0.17
ISCV iShares Morningstar Small-Ca New 0.17% +0.17
UTG Reaves Utility Income Fund New 0.15% +0.15
LQDA Liquidia Corp. New 0.15% +0.15
SCHB Schwab US Broad Market ETF New 0.15% +0.15
VOE Vngrd Mrngstr MD-Cap Val ETF Add +6.7% 1.48% +0.14
VBR Vngrd Mrngst SL-CP Val ETF-U Add +5.0% 1.57% +0.14
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +8.9% 1.29% +0.13
RSP Invesco S&P 500 Equal Weight Add +1.4% 3.09% +0.10
FTA First Trust L C Val Alp Add +8.7% 0.74% +0.08
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +26.7% 0.31% +0.06
ITA iShares U.S. Aerospace & Def Add +0.1% 0.47% +0.04
VYM Vanguard High DVD Yield ETF Add +10.7% 0.23% +0.03
BFOR Barron's 400 ETF Add +0.0% 0.64% +0.02
FBTC Fidelity Wise Origin Bitcoin Add +1.4% 0.26% +0.01
DTD Wisdomtree US Total Dividend Add +0.1% 0.36% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 0.16% +0.01
IGLB iShares 10+ Year Inv GR Corp. Add +0.0% 1.01% +0.00
IGIB iShares 5-10Y Inv Grade Corp. Add +1.2% 0.25% +0.00
BIL SS SPDR BB 1-3M T-Bill ETF Add +0.8% 0.46% −0.01

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