Seascape Capital Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Seascape Capital Management reported 91 stock positions worth $351.8 million. Its top holding was FT Core Investment Grade ETF (FTCB) at 8.6% of the portfolio, followed by Doubleline Oppor Cor BND-Usd (DBND, 8.5%) and iShares MSCI Emr MRK Ex Chna (EMXC, 6.6%). Compared with Q3 2025, it opened 4 new positions, sold out of 9, added to 40 and reduced 39. The biggest buy was a new position in First Trust Emerging Markets (FEMB) and the biggest sale an exit from iShares Ibonds Dec 2031 (IBDW).
- Most Recent 13F
- Q2 2026
- Location
- PORTSMOUTH, NH
- CIK
- 0001418342
- Portfolio Value
- $351.8M (Q4 2025)
- SEC Filing
- 0001418342-26-000002 ↗ filed Jan 21, 2026
Holdings Value
Holdings 91 stocks · $351.8M
| FTCB FT Core Investment Grade ETF | 8.63% | 1,429,953 | $30.4M | Add +7.8% |
| DBND Doubleline Oppor Cor BND-Usd | 8.51% | 645,968 | $29.9M | Add +4.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 6.64% | 321,395 | $23.4M | Add +6.4% |
| GOVT iShares US Treasury Bond ETF | 3.25% | 496,106 | $11.4M | Add +2.8% |
| APP AppLovin Corp. Class A | 2.49% | 13,013 | $8.8M | Reduce -16.0% |
| GOOGL Alphabet Inc. Class A | 2.48% | 27,863 | $8.7M | Reduce -8.3% |
| NRG NRG Energy Inc. | 2.32% | 51,237 | $8.2M | Reduce -12.2% |
| NVDA Nvidia Corp. | 2.32% | 43,709 | $8.2M | Reduce -1.5% |
| DCRE DBL Comm Real Est Debt | 2.32% | 156,941 | $8.1M | Add +0.8% |
| JPIE JPMorgan Income ETF | 2.25% | 171,093 | $7.9M | Reduce -1.6% |
| AAPL Apple Inc. | 2.23% | 28,862 | $7.8M | Reduce -3.3% |
| DMX Doubleline Multi-Sec Inc. ETF | 2.12% | 147,324 | $7.4M | Add +21.6% |
| CAT Caterpillar Inc. | 2.09% | 12,804 | $7.3M | Reduce -7.4% |
| FEMB First Trust Emerging Markets | 1.94% | 228,685 | $6.8M | New |
| JPM JPMorgan Chase & Co. | 1.92% | 20,921 | $6.7M | Reduce -4.0% |
| COF Capital One Financial Corp. | 1.91% | 27,732 | $6.7M | Reduce -2.5% |
| HCA HCA Healthcare Inc. | 1.83% | 13,821 | $6.5M | Reduce -0.9% |
| ABBV Abbvie Inc. | 1.82% | 27,944 | $6.4M | Add +1.6% |
| FLEX Flex Ltd. | 1.78% | 103,829 | $6.3M | Reduce -4.6% |
| WSM Williams-Sonoma Inc. | 1.71% | 33,770 | $6.0M | Add +0.4% |
| MLPX Global X MLP & Energy Infras | 1.55% | 90,123 | $5.5M | Add +9.0% |
| AMG Affiliated Managers Group | 1.52% | 18,492 | $5.3M | Add +0.6% |
| BKNG Booking Holdings Inc. | 1.48% | 972 | $5.2M | Reduce -3.1% |
| RTX RTX Corp. | 1.44% | 27,619 | $5.1M | Add +0.7% |
| PHM Pultegroup Inc. | 1.42% | 42,657 | $5.0M | Add +3.2% |
| MNST Monster Beverage Corp. | 1.42% | 65,142 | $5.0M | Add +1.4% |
| ORLY O'reilly Automotive Inc. | 1.38% | 53,229 | $4.9M | Add +6.2% |
| VRT Vertiv Holdings Co. Class A | 1.36% | 29,632 | $4.8M | Add +1.9% |
| NWG Natwest Group PLC -Spon ADR | 1.35% | 271,977 | $4.8M | Reduce -9.8% |
| AZN Astrazeneca PLC-Spons ADR | 1.26% | 48,334 | $4.4M | Add +1.2% |
| QCOM Qualcomm Inc. | 1.23% | 25,394 | $4.3M | Add +2.3% |
| BLD Topbuild Corp. | 1.18% | 9,970 | $4.2M | Add +3.7% |
| META Meta Platforms Inc. Class A | 1.17% | 6,218 | $4.1M | Add +7.0% |
| MSFT Microsoft Corp. | 1.16% | 8,402 | $4.1M | Add +127.0% |
| AEP American Electric Power | 1.14% | 34,673 | $4.0M | Add +5.6% |
| ANET Arista Networks Inc. | 1.13% | 30,428 | $4.0M | Add +6.8% |
| AON Aon PLC Class A | 1.11% | 11,030 | $3.9M | Add +0.3% |
| EW Edwards Lifesciences Corp. | 1.07% | 44,162 | $3.8M | Add +12.2% |
| FTNT Fortinet Inc. | 1.06% | 47,021 | $3.7M | Add +8.7% |
| AME Ametek Inc. | 1.04% | 17,862 | $3.7M | Add +2.0% |
| RELX Relx PLC - Spon ADR | 1.04% | 90,148 | $3.6M | Add +3.4% |
| APH Amphenol Corp. Class A | 0.96% | 24,966 | $3.4M | Add +19.4% |
| FMB First Trust Managed Municipa | 0.93% | 64,250 | $3.3M | Add +36.0% |
| NXPI NXP Semiconductors NV | 0.92% | 14,978 | $3.3M | Add +0.8% |
| SHW The Sherwin-Williams Co. | 0.91% | 9,835 | $3.2M | Add +3.0% |
| EHC Encompass Health Corp. | 0.89% | 29,435 | $3.1M | Add +12.4% |
| AVGO Broadcom Inc. | 0.88% | 8,967 | $3.1M | Reduce -25.0% |
| CDW CDW Corp. | 0.86% | 22,346 | $3.0M | Add +7.4% |
| LLY Eli Lilly & Co. | 0.42% | 1,390 | $1.5M | Reduce -8.4% |
| SCHB Schwab US Broad Market ETF | 0.39% | 52,033 | $1.4M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 0.37% | 5,653 | $1.3M | Reduce -2.9% |
| IVV iShares Core S&P 500 ETF | 0.31% | 1,603 | $1.1M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 1,958 | $984K | Reduce -27.2% |
| GOOG Alphabet Inc. Class C | 0.28% | 3,128 | $982K | Reduce -4.9% |
| AMAT Applied Materials Inc. | 0.25% | 3,439 | $884K | Reduce -26.3% |
| MA Mastercard Inc. Class A | 0.24% | 1,464 | $836K | Reduce -29.9% |
| JMUB JPMorgan Municipal ETF | 0.23% | 16,000 | $808K | Add +33.3% |
| USIG iShares Broad Usd Investment | 0.23% | 15,575 | $806K | Add +3.0% |
| MUB iShares National Muni Bond E | 0.17% | 5,710 | $612K | Add +3.2% |
| MCK McKesson Corp. | 0.17% | 726 | $596K | Reduce -8.2% |
| IVW iShares S&P 500 Growth ETF | 0.17% | 4,716 | $581K | No change |
| INTF iShares International Equity | 0.16% | 15,243 | $575K | Reduce -5.6% |
| PG The Procter & Gamble Co. | 0.16% | 3,943 | $565K | Reduce -19.3% |
| AGG iShares Core U.S. Aggregate | 0.15% | 5,370 | $536K | Reduce -2.6% |
| NFLX Netflix Inc. | 0.15% | 5,604 | $525K | Reduce -1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 742 | $506K | Add +0.8% |
| MRK Merck & Co. Inc. | 0.14% | 4,583 | $482K | Reduce -36.3% |
| WMT Walmart Inc. | 0.13% | 4,098 | $457K | Reduce -6.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.13% | 6,569 | $441K | No change |
| FIXD First Trust Smith Opportunis | 0.11% | 8,612 | $382K | New |
| SCHG Schwab US Large-Cap Growth | 0.11% | 11,566 | $377K | Add +0.1% |
| COST Costco Wholesale Corp. | 0.10% | 420 | $362K | Reduce -0.7% |
| MDY State Street SPDR S&P Midcap | 0.10% | 600 | $362K | Reduce -12.8% |
| HD Home Depot Inc. | 0.10% | 1,031 | $355K | Reduce -3.4% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.10% | 6,560 | $347K | Reduce -0.6% |
| VNQ Vanguard Real Estate ETF | 0.10% | 3,862 | $342K | No change |
| GLW Corning Inc. | 0.10% | 3,890 | $341K | Reduce -17.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 3,750 | $335K | No change |
| ABT Abbott Laboratories | 0.09% | 2,631 | $330K | Reduce -1.3% |
| IXN iShares Global Tech ETF | 0.09% | 3,066 | $322K | No change |
| IUSG iShares Core S&P U.S. Growth | 0.09% | 1,853 | $311K | Reduce -11.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 911 | $306K | Reduce -18.9% |
| IXUS iShares Core Intl Stock ETF | 0.08% | 3,355 | $284K | No change |
| KR Kroger Co. | 0.08% | 4,468 | $279K | Reduce -17.4% |
| NSC Norfolk Southern Corp. | 0.08% | 955 | $276K | Reduce -10.7% |
| ESGU iShares ESG Aware MSCI USA | 0.08% | 1,848 | $275K | No change |
| IJR iShares Core S&P Small-Cap E | 0.08% | 2,262 | $272K | Reduce -6.1% |
| MU Micron Technology Inc. | 0.07% | 909 | $259K | New |
| URI United Rentals Inc. | 0.07% | 317 | $257K | New |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 1,340 | $238K | Add +0.1% |
| ESBA Empire State Realty Op LP-Es | 0.03% | 14,754 | $93K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| IBDW iShares Ibonds Dec 2031 Corp. | Sold out | 0.00% | −1.59 |
| V Visa Inc. Class A | Sold out | 0.00% | −1.57 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.72 |
| APP AppLovin Corp. Class A | Reduce -16.0% | 2.49% | −0.70 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.58 |
| NRG NRG Energy Inc. | Reduce -12.2% | 2.32% | −0.39 |
| AVGO Broadcom Inc. | Reduce -25.0% | 0.88% | −0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -27.2% | 0.28% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -29.9% | 0.24% | −0.10 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.08 |
| BKNG Booking Holdings Inc. | Reduce -3.1% | 1.48% | −0.07 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.07 |
| STE Steris PLC | Sold out | 0.00% | −0.07 |
| JPIE JPMorgan Income ETF | Reduce -1.6% | 2.25% | −0.06 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.06 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −0.06 |
| NVDA Nvidia Corp. | Reduce -1.5% | 2.32% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -4.0% | 1.92% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -19.3% | 0.16% | −0.05 |
| NFLX Netflix Inc. | Reduce -1.3% | 0.15% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -36.3% | 0.14% | −0.04 |
| FLEX Flex Ltd. | Reduce -4.6% | 1.78% | −0.03 |
| KR Kroger Co. | Reduce -17.4% | 0.08% | −0.03 |
| HD Home Depot Inc. | Reduce -3.4% | 0.10% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -26.3% | 0.25% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -18.9% | 0.09% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -12.8% | 0.10% | −0.01 |
| GLW Corning Inc. | Reduce -17.5% | 0.10% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -10.7% | 0.08% | −0.01 |
| IUSG iShares Core S&P U.S. Growth | Reduce -11.7% | 0.09% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -0.7% | 0.10% | −0.01 |
| ABT Abbott Laboratories | Reduce -1.3% | 0.09% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -3.0% | 0.39% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -2.6% | 0.15% | −0.01 |
| MCK McKesson Corp. | Reduce -8.2% | 0.17% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -6.1% | 0.08% | −0.00 |
| INTF iShares International Equity | Reduce -5.6% | 0.16% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.6% | 0.10% | −0.00 |
| WMT Walmart Inc. | Reduce -6.3% | 0.13% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -2.9% | 0.37% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -4.9% | 0.28% | +0.05 |
| AAPL Apple Inc. | Reduce -3.3% | 2.23% | +0.05 |
| LLY Eli Lilly & Co. | Reduce -8.4% | 0.42% | +0.09 |
| HCA HCA Healthcare Inc. | Reduce -0.9% | 1.83% | +0.13 |
| NWG Natwest Group PLC -Spon ADR | Reduce -9.8% | 1.35% | +0.13 |
| COF Capital One Financial Corp. | Reduce -2.5% | 1.91% | +0.18 |
| CAT Caterpillar Inc. | Reduce -7.4% | 2.09% | +0.19 |
| GOOGL Alphabet Inc. Class A | Reduce -8.3% | 2.48% | +0.36 |
Portfolio Buys Q3 2025 → Q4 2025
| FEMB First Trust Emerging Markets | New | 1.94% | +1.94 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +6.4% | 6.64% | +0.79 |
| MSFT Microsoft Corp. | Add +127.0% | 1.16% | +0.61 |
| FTCB FT Core Investment Grade ETF | Add +7.8% | 8.63% | +0.52 |
| DMX Doubleline Multi-Sec Inc. ETF | Add +21.6% | 2.12% | +0.35 |
| DBND Doubleline Oppor Cor BND-Usd | Add +4.5% | 8.51% | +0.26 |
| AMG Affiliated Managers Group | Add +0.6% | 1.52% | +0.26 |
| FMB First Trust Managed Municipa | Add +36.0% | 0.93% | +0.25 |
| APH Amphenol Corp. Class A | Add +19.4% | 0.96% | +0.22 |
| AZN Astrazeneca PLC-Spons ADR | Add +1.2% | 1.26% | +0.21 |
| EW Edwards Lifesciences Corp. | Add +12.2% | 1.07% | +0.19 |
| MNST Monster Beverage Corp. | Add +1.4% | 1.42% | +0.18 |
| RTX RTX Corp. | Add +0.7% | 1.44% | +0.12 |
| FIXD First Trust Smith Opportunis | New | 0.11% | +0.11 |
| VRT Vertiv Holdings Co. Class A | Add +1.9% | 1.36% | +0.11 |
| BLD Topbuild Corp. | Add +3.7% | 1.18% | +0.10 |
| AME Ametek Inc. | Add +2.0% | 1.04% | +0.10 |
| AEP American Electric Power | Add +5.6% | 1.14% | +0.08 |
| MU Micron Technology Inc. | New | 0.07% | +0.07 |
| URI United Rentals Inc. | New | 0.07% | +0.07 |
| MLPX Global X MLP & Energy Infras | Add +9.0% | 1.55% | +0.06 |
| JMUB JPMorgan Municipal ETF | Add +33.3% | 0.23% | +0.06 |
| QCOM Qualcomm Inc. | Add +2.3% | 1.23% | +0.05 |
| GOVT iShares US Treasury Bond ETF | Add +2.8% | 3.25% | +0.05 |
| FTNT Fortinet Inc. | Add +8.7% | 1.06% | +0.02 |
| MUB iShares National Muni Bond E | Add +3.2% | 0.17% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.1% | 0.31% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.8% | 0.14% | +0.00 |
| USIG iShares Broad Usd Investment | Add +3.0% | 0.23% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Add +0.1% | 0.11% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Add +0.1% | 0.07% | −0.00 |
| DCRE DBL Comm Real Est Debt | Add +0.8% | 2.32% | −0.01 |
| ABBV Abbvie Inc. | Add +1.6% | 1.82% | −0.01 |
| AON Aon PLC Class A | Add +0.3% | 1.11% | −0.02 |
| SHW The Sherwin-Williams Co. | Add +3.0% | 0.91% | −0.04 |
| NXPI NXP Semiconductors NV | Add +0.8% | 0.92% | −0.05 |
| ANET Arista Networks Inc. | Add +6.8% | 1.13% | −0.06 |
| META Meta Platforms Inc. Class A | Add +7.0% | 1.17% | −0.06 |
| EHC Encompass Health Corp. | Add +12.4% | 0.89% | −0.07 |
| CDW CDW Corp. | Add +7.4% | 0.86% | −0.09 |
| PHM Pultegroup Inc. | Add +3.2% | 1.42% | −0.14 |
| RELX Relx PLC - Spon ADR | Add +3.4% | 1.04% | −0.16 |
| ORLY O'reilly Automotive Inc. | Add +6.2% | 1.38% | −0.17 |
| WSM Williams-Sonoma Inc. | Add +0.4% | 1.71% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 96 | $417.3M | EMXC, FTCB, DBND, FLEX, CAT |
| Q1 2026 | 91 | $347.3M | FTCB, DBND, EMXC, GOVT, CAT |
| Q4 2025 | 91 | $351.8M | FTCB, DBND, EMXC, GOVT, APP |
| Q3 2025 | 96 | $348.6M | DBND, FTCB, EMXC, GOVT, APP |
| Q2 2025 | 96 | $317.2M | DBND, FTCB, EMXC, GOVT, NRG |
| Q1 2025 | 100 | $286.7M | DBND, FTCB, EMXC, GOVT, DCRE |
| Q4 2024 | 99 | $287.1M | DBND, FIXD, EMXC, GOVT, APP |
| Q3 2024 | 97 | $280.5M | DBND, FIXD, EMXC, GOVT, PHM |
| Q2 2024 | 99 | $268.2M | DBND, FIXD, EMXC, GOVT, DCRE |
| Q1 2024 | 104 | $269.1M | DBND, FIXD, EMXC, GOVT, WSM |