Running Point Capital Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Running Point Capital Advisors, LLC reported 189 stock positions worth $366.8 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 10.5% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 6.1%) and Invesco Nasdaq 100 ETF (QQQM, 5.9%). Compared with Q3 2025, it opened 4 new positions, sold out of 6, added to 48 and reduced 66. The biggest buy was Pgim Aaa Clo ETF (PAAA, shares +164%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −25%).
- Most Recent 13F
- Q4 2025
- Location
- EL SEGUNDO, CA
- CIK
- 0001840629
- Portfolio Value
- $366.8M (Q4 2025)
- SEC Filing
- 0001398344-26-003250 ↗ filed Feb 17, 2026
Holdings Value
Holdings 189 stocks · $366.8M
| BIL SS SPDR BB 1-3M T-Bill ETF | 10.53% | 422,689 | $38.6M | Reduce -25.3% |
| QQQ Invesco QQQ Trust Series 1 | 6.09% | 36,344 | $22.3M | Reduce -3.4% |
| QQQM Invesco Nasdaq 100 ETF | 5.91% | 85,718 | $21.7M | Add +5.0% |
| IEMG iShares Core MSCI Emerging | 5.65% | 308,159 | $20.7M | Add +2.9% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 5.08% | 187,920 | $18.6M | Reduce -14.1% |
| VOO Vanguard S&P 500 ETF | 4.58% | 26,795 | $16.8M | Reduce -12.6% |
| FDLO Fidelity Low Volat Fact ETF | 3.50% | 192,123 | $12.8M | Add +10.4% |
| IDEV iShares Core MSCI Dev MKTS | 3.01% | 133,934 | $11.0M | Reduce -8.2% |
| QUAL iShares MSCI USA Quality Fac | 2.48% | 45,840 | $9.1M | Reduce -3.0% |
| JQUA JPMorgan US Quality Factor | 2.43% | 141,003 | $8.9M | Add +15.9% |
| IWV iShares Russell 3000 ETF | 2.35% | 22,315 | $8.6M | Reduce -0.8% |
| EUSA iShares MSCI USA Equal Weigh | 1.81% | 64,070 | $6.6M | Reduce -4.2% |
| PAAA Pgim Aaa Clo ETF | 1.77% | 127,015 | $6.5M | Add +163.7% |
| AVUV Avantis US Small Cap Value | 1.77% | 63,805 | $6.5M | Reduce -17.6% |
| IVV iShares Core S&P 500 ETF | 1.76% | 9,424 | $6.5M | Add +129.2% |
| USMV iShares MSCI USA Min Vol Fac | 1.68% | 65,404 | $6.2M | Reduce -9.5% |
| EMBD Global X Emerging Markets BD | 1.65% | 251,456 | $6.0M | Add +20.3% |
| JPIB JPMorgan Intl BND ETF | 1.60% | 120,664 | $5.9M | Add +19.9% |
| DFAC Dimensional US Core Equity 2 | 1.56% | 144,446 | $5.7M | Reduce -1.6% |
| ARES Ares Management Corp. Class A | 1.44% | 32,588 | $5.3M | Reduce -4.0% |
| AAPL Apple Inc. | 1.33% | 17,909 | $4.9M | Reduce -4.7% |
| MSFT Microsoft Corp. | 1.29% | 9,751 | $4.7M | Reduce -1.7% |
| IYR iShares US Real Estate ETF | 1.00% | 39,223 | $3.7M | Reduce -23.5% |
| CLIP Global X 1-3 Month T-Bill | 1.00% | 36,693 | $3.7M | Add +29.9% |
| IAUM iShares Gold Trust Micro | 0.98% | 83,773 | $3.6M | Add +7.2% |
| VNQ Vanguard Real Estate ETF | 0.90% | 37,186 | $3.3M | Reduce -10.8% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.89% | 43,490 | $3.3M | Add +28.4% |
| VWO Vanguard Ftse Emerging Marke | 0.85% | 58,127 | $3.1M | Add +0.5% |
| NVDA Nvidia Corp. | 0.83% | 16,321 | $3.0M | Reduce -0.3% |
| OMFL Invesco Russell 1000 DYN M/F | 0.76% | 45,519 | $2.8M | Reduce -24.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.74% | 8,075 | $2.7M | Add +0.1% |
| JPST JPMorgan Ultra-Short Income | 0.69% | 49,938 | $2.5M | Reduce -12.3% |
| AGG iShares Core U.S. Aggregate | 0.68% | 24,892 | $2.5M | Reduce -1.4% |
| LLY Eli Lilly & Co. | 0.62% | 2,125 | $2.3M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 0.62% | 3,442 | $2.3M | Add +6.3% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.61% | 42,255 | $2.2M | Reduce -13.7% |
| FENI Fidelity Enhanced Intl ETF | 0.60% | 60,033 | $2.2M | New |
| VEA Vanguard Ftse Developed ETF | 0.57% | 33,214 | $2.1M | Reduce -9.7% |
| IFGL iShares International Develo | 0.55% | 88,053 | $2.0M | Reduce -27.4% |
| PULS Pgim Ultra Short Bond ETF | 0.55% | 40,630 | $2.0M | Add +0.2% |
| MUB iShares National Muni Bond E | 0.54% | 18,426 | $2.0M | Add +5.4% |
| FCAL First Trust California Munic | 0.53% | 39,693 | $2.0M | Add +9.4% |
| BNDX Vanguard Total Intl Bond ETF | 0.48% | 36,403 | $1.8M | Reduce -0.5% |
| DFIV Dimensional International Va | 0.46% | 33,765 | $1.7M | No change |
| AVGO Broadcom Inc. | 0.46% | 4,863 | $1.7M | Reduce -6.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.46% | 15,196 | $1.7M | Reduce -1.3% |
| ITM Vaneck Intermediate Muni ETF | 0.45% | 34,687 | $1.6M | Reduce -2.8% |
| CMF iShares California Muni Bond | 0.44% | 28,265 | $1.6M | Add +0.2% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.43% | 23,503 | $1.6M | Add +2.7% |
| VGT Vanguard Info Tech ETF | 0.42% | 2,062 | $1.6M | Add +0.7% |
| VGLT Vanguard Long-Term Treasury | 0.41% | 26,939 | $1.5M | Add +6.5% |
| SUB iShares Short-Term National | 0.38% | 12,943 | $1.4M | Add +1.0% |
| AMZN Amazon.com Inc. | 0.37% | 5,920 | $1.4M | Reduce -0.1% |
| MINT PIMCO Enhanced Short Maturit | 0.35% | 12,951 | $1.3M | Add +269.4% |
| GOOGL Alphabet Inc. Class A | 0.35% | 4,117 | $1.3M | Add +0.4% |
| XHLF Bondbloxx BBG 6 MTH US Treas | 0.34% | 24,772 | $1.2M | Reduce -4.2% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.32% | 116,659 | $1.2M | Reduce -1.1% |
| GLD SPDR Gold Shares | 0.30% | 2,805 | $1.1M | Reduce -13.3% |
| DFUV Dimensional US Marketwide Va | 0.27% | 21,423 | $998K | No change |
| GOOG Alphabet Inc. Class C | 0.26% | 3,059 | $960K | Add +0.2% |
| SPHQ Invesco S&P 500 Quality ETF | 0.25% | 12,391 | $930K | Reduce -3.2% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.24% | 34,962 | $872K | Reduce -30.0% |
| GSEW Goldman Sachs Eql WGHT Large | 0.23% | 10,123 | $862K | No change |
| VNQI Vanguard GLBL Ex-US Real Est | 0.23% | 18,423 | $845K | Reduce -4.2% |
| EEM iShares MSCI Emerging Market | 0.23% | 15,418 | $844K | No change |
| ITOT iShares Core S&P Total U.S. | 0.23% | 5,635 | $838K | No change |
| QLTA iShares Aaa - A Rated Corpor | 0.21% | 16,367 | $787K | Add +37.7% |
| ABBV Abbvie Inc. | 0.21% | 3,306 | $755K | Reduce -1.0% |
| SPSB SS SPDR P St C Corp. ETF | 0.20% | 24,328 | $735K | Add +27.5% |
| V Visa Inc. Class A | 0.20% | 2,089 | $733K | Reduce -2.1% |
| TSLA Tesla Inc. | 0.20% | 1,591 | $716K | Add +10.2% |
| DFAT Dimensional US Target Value | 0.19% | 11,844 | $705K | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.19% | 15,369 | $683K | No change |
| VCIT Vanguard Int-Term Corporate | 0.18% | 7,987 | $669K | Add +0.1% |
| BA The Boeing Co. | 0.18% | 3,009 | $656K | Add +1.1% |
| XOM Exxon Mobil Corp. | 0.18% | 5,410 | $651K | Add +0.3% |
| PZA Invesco National Amt-Free Mu | 0.18% | 27,793 | $645K | Reduce -22.8% |
| IJH iShares Core S&P Midcap ETF | 0.17% | 9,185 | $606K | No change |
| RFV Invesco S&P Midcap 400 Pure | 0.17% | 4,742 | $606K | Reduce -0.2% |
| EMB iShares JP Morgan Usd Emergi | 0.16% | 6,245 | $601K | Reduce -9.8% |
| FBTC Fidelity Wise Origin Bitcoin | 0.16% | 7,743 | $590K | Add +1.0% |
| IJR iShares Core S&P Small-Cap E | 0.15% | 4,640 | $558K | No change |
| AMAT Applied Materials Inc. | 0.15% | 2,135 | $549K | No change |
| WMT Walmart Inc. | 0.14% | 4,756 | $530K | Reduce -14.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 1,042 | $524K | Reduce -0.8% |
| SEVN Seven Hills Realty Trust | 0.13% | 55,425 | $493K | Add +373.7% |
| FMB First Trust Managed Municipa | 0.13% | 9,646 | $493K | No change |
| FLTR Vaneck Ig Floating Rate ETF | 0.13% | 18,446 | $470K | Reduce -2.0% |
| HD Home Depot Inc. | 0.13% | 1,334 | $459K | Reduce -9.7% |
| AVLV Avantis US Large Cap Value | 0.12% | 5,925 | $449K | No change |
| ABT Abbott Laboratories | 0.12% | 3,529 | $442K | Reduce -9.4% |
| NFLX Netflix Inc. | 0.12% | 4,630 | $434K | Add +2.2% |
| SPMC Sound Point Meridian Capital | 0.12% | 31,511 | $433K | Reduce -3.3% |
| STX Seagate Technology Holdings | 0.11% | 1,489 | $410K | No change |
| IVW iShares S&P 500 Growth ETF | 0.11% | 3,275 | $404K | No change |
| COST Costco Wholesale Corp. | 0.11% | 462 | $398K | Reduce -14.0% |
| TLT iShares 20+ Year Treasury BD | 0.11% | 4,490 | $391K | Reduce -0.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.11% | 4,332 | $388K | No change |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.10% | 2,120 | $376K | No change |
| SLF Sun Life Financial Inc. | 0.10% | 5,901 | $368K | No change |
Options reported separately and not counted above: QQQ calls ($123K).
Portfolio Sells Q3 2025 → Q4 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -25.3% | 10.53% | −3.37 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -14.1% | 5.08% | −0.75 |
| VOO Vanguard S&P 500 ETF | Reduce -12.6% | 4.58% | −0.45 |
| IYR iShares US Real Estate ETF | Reduce -23.5% | 1.00% | −0.33 |
| AVUV Avantis US Small Cap Value | Reduce -17.6% | 1.77% | −0.29 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -24.3% | 0.76% | −0.21 |
| IFGL iShares International Develo | Reduce -27.4% | 0.55% | −0.19 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -9.5% | 1.68% | −0.16 |
| VNQ Vanguard Real Estate ETF | Reduce -10.8% | 0.90% | −0.12 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -8.2% | 3.01% | −0.12 |
| DEED First Trust Securitized Plus | Sold out | 0.00% | −0.10 |
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -30.0% | 0.24% | −0.10 |
| MSFT Microsoft Corp. | Reduce -1.7% | 1.29% | −0.09 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -13.7% | 0.61% | −0.09 |
| JPST JPMorgan Ultra-Short Income | Reduce -12.3% | 0.69% | −0.09 |
| VXUS Vanguard Total Intl Stock | Reduce -44.7% | 0.10% | −0.07 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.06 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.06 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.05 |
| PZA Invesco National Amt-Free Mu | Reduce -22.8% | 0.18% | −0.05 |
| ORCL Oracle Corp. | Reduce -3.2% | 0.09% | −0.04 |
| EUSA iShares MSCI USA Equal Weigh | Reduce -4.2% | 1.81% | −0.04 |
| HD Home Depot Inc. | Reduce -9.7% | 0.13% | −0.04 |
| PFFD Global X US Preferred ETF | Reduce -99.4% | 0.00% | −0.03 |
| SPMC Sound Point Meridian Capital | Reduce -3.3% | 0.12% | −0.03 |
| PGF Invesco Financial Preferred | Reduce -99.4% | 0.00% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -9.7% | 0.57% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -14.0% | 0.11% | −0.02 |
| ABT Abbott Laboratories | Reduce -9.4% | 0.12% | −0.02 |
| ARES Ares Management Corp. Class A | Reduce -4.0% | 1.44% | −0.02 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -4.2% | 0.23% | −0.02 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -13.4% | 0.10% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -14.3% | 0.06% | −0.01 |
| EMB iShares JP Morgan Usd Emergi | Reduce -9.8% | 0.16% | −0.01 |
| APH Amphenol Corp. Class A | Reduce -22.4% | 0.07% | −0.01 |
| NMZ Nuveen Muni Hi Inc. Opport | Reduce -1.1% | 0.32% | −0.01 |
| XHLF Bondbloxx BBG 6 MTH US Treas | Reduce -4.2% | 0.34% | −0.01 |
| WMT Walmart Inc. | Reduce -14.3% | 0.14% | −0.01 |
| BYND Beyond Meat Inc. | Sold out | 0.00% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -9.4% | 0.08% | −0.01 |
| TIPX SS SPDR BB 1-10YR Tips ETF | Reduce -11.9% | 0.05% | −0.01 |
| IAGG iShares Intl Aggregate Bond | Sold out | 0.00% | −0.01 |
| GLD SPDR Gold Shares | Reduce -13.3% | 0.30% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -0.5% | 0.48% | −0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -1.3% | 0.46% | −0.00 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -5.7% | 0.04% | −0.00 |
| SUSB iShares ESG Aware 1-5 Year U | Reduce -9.2% | 0.03% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -14.4% | 0.09% | −0.00 |
| SUSA iShares ESG Optimized MSCI U | Reduce -13.9% | 0.02% | −0.00 |
| AVGO Broadcom Inc. | Reduce -6.7% | 0.46% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| PAAA Pgim Aaa Clo ETF | Add +163.7% | 1.77% | +1.11 |
| IVV iShares Core S&P 500 ETF | Add +129.2% | 1.76% | +1.02 |
| FENI Fidelity Enhanced Intl ETF | New | 0.60% | +0.60 |
| QQQM Invesco Nasdaq 100 ETF | Add +5.0% | 5.91% | +0.51 |
| FDLO Fidelity Low Volat Fact ETF | Add +10.4% | 3.50% | +0.42 |
| JQUA JPMorgan US Quality Factor | Add +15.9% | 2.43% | +0.38 |
| IEMG iShares Core MSCI Emerging | Add +2.9% | 5.65% | +0.36 |
| EMBD Global X Emerging Markets BD | Add +20.3% | 1.65% | +0.31 |
| JPIB JPMorgan Intl BND ETF | Add +19.9% | 1.60% | +0.28 |
| MINT PIMCO Enhanced Short Maturit | Add +269.4% | 0.35% | +0.26 |
| CLIP Global X 1-3 Month T-Bill | Add +29.9% | 1.00% | +0.24 |
| VBIL Vanguard 0-3M T-Bill ETF | Add +28.4% | 0.89% | +0.21 |
| IAUM iShares Gold Trust Micro | Add +7.2% | 0.98% | +0.18 |
| SEVN Seven Hills Realty Trust | Add +373.7% | 0.13% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 0.35% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +0.2% | 0.26% | +0.06 |
| QLTA iShares Aaa - A Rated Corpor | Add +37.7% | 0.21% | +0.06 |
| FCAL First Trust California Munic | Add +9.4% | 0.53% | +0.06 |
| GS Goldman Sachs Group Inc. | New | 0.06% | +0.06 |
| SPSB SS SPDR P St C Corp. ETF | Add +27.5% | 0.20% | +0.05 |
| MUB iShares National Muni Bond E | Add +5.4% | 0.54% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.74% | +0.03 |
| VGLT Vanguard Long-Term Treasury | Add +6.5% | 0.41% | +0.02 |
| TSLA Tesla Inc. | Add +10.2% | 0.20% | +0.02 |
| VWOB Vanguard Emerg MKTS Gov BND | Add +2.7% | 0.43% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +19.9% | 0.08% | +0.02 |
| XOM Exxon Mobil Corp. | Add +0.3% | 0.18% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +0.7% | 0.42% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +0.5% | 0.85% | +0.01 |
| CMF iShares California Muni Bond | Add +0.2% | 0.44% | +0.01 |
| SUB iShares Short-Term National | Add +1.0% | 0.38% | +0.01 |
| KBDC Kayne Anderson BDC Inc. | Add +2.9% | 0.08% | +0.01 |
| PULS Pgim Ultra Short Bond ETF | Add +0.2% | 0.55% | +0.01 |
| SLRC SLR Investment Corp. | Add +2.7% | 0.09% | +0.00 |
| BA The Boeing Co. | Add +1.1% | 0.18% | +0.00 |
| STIP iShares 0-5 Year Tips Bond E | Add +36.9% | 0.01% | +0.00 |
| CQQQ Invesco China Technology ETF | New | 0.00% | +0.00 |
| MCHI iShares MSCI China ETF | New | 0.00% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +15.5% | 0.02% | +0.00 |
| VCIT Vanguard Int-Term Corporate | Add +0.1% | 0.18% | +0.00 |
| OCSL Oaktree Specialty Lending Co. | Add +3.1% | 0.10% | +0.00 |
| BBDC Barings BDC Inc. | Add +2.9% | 0.03% | +0.00 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +6.8% | 0.02% | +0.00 |
| SPEM State Street SP PTF Em ETF | Add +0.9% | 0.05% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.3% | 0.02% | +0.00 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +0.2% | 0.02% | +0.00 |
| IXC iShares Global Energy ETF | Add +19.2% | 0.00% | +0.00 |
| RDIV Invesco S&P Ultra Dividend | Add +1.4% | 0.00% | +0.00 |
| VCLT Vanguard Long-Term Corp. Bond | Add +0.1% | 0.02% | −0.00 |
| META Meta Platforms Inc. Class A | Add +6.3% | 0.62% | −0.02 |
Options Activity Q3 2025 → Q4 2025
| QQQ Invesco QQQ Trust Series 1 | call | Add +100.0% | 200 | $123K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 189 | $366.8M | BIL, QQQ, QQQM, IEMG, BILS |
| Q3 2025 | 191 | $373.3M | BIL, QQQ, BILS, QQQM, IEMG |
| Q2 2025 | 183 | $362.3M | BIL, BILS, QQQ, QQQM, IEMG |
| Q1 2025 | 181 | $315.0M | BIL, QQQ, IEMG, QQQM, BILS |
| Q4 2024 | 162 | $291.9M | BIL, QQQ, IEMG, QQQM, VOO |
| Q3 2024 | 151 | $258.7M | BIL, QQQ, IEMG, QQQM, QUAL |
| Q2 2024 | 142 | $241.9M | QQQ, BIL, IEMG, QQQM, QUAL |
| Q1 2024 | 142 | $223.3M | QQQ, IEMG, QQQM, QUAL, BIL |