Sheets Smith Investment Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 8, 2025), Sheets Smith Investment Management reported 137 stock positions worth $154.2 million. Its top holding was JPM Nasdaq Equity Premium (JEPQ) at 7.8% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 2.6%) and AppLovin Class A (APP, 2.6%). Compared with Q2 2025, it opened 90 new positions, sold out of 24, added to 28 and reduced 17. The biggest buy was JPM Nasdaq Equity Premium (JEPQ, shares +148%) and the biggest sale Vanguard S/T Corp. Bond ETF (VCSH, shares −72%).

Most Recent 13F
Q3 2025
Location
HOUSTON, TX
CIK
0001785199
Portfolio Value
$154.2M (Q3 2025)
SEC Filing
0001785199-25-000019 ↗ filed Oct 8, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $118.0M Q4 2024 Q1 2025: $100.3M Q1 2025 Q2 2025: $113.9M Q2 2025 Q3 2025: $154.2M $154.2M Q3 2025

Holdings 137 stocks · $154.2M
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 7.75% 207,747 $11.9M Add +148.0%
BIL SS SPDR BB 1-3M T-Bill ETF 2.59% 43,460 $4.0M New
APP AppLovin Corp. Class A 2.56% 5,501 $4.0M Reduce -2.8%
PIM Franklin Master Interm IT-Ui filed as PUTNAM MASTER INTER INCOME T 2.46% 1,102,294 $3.8M New
NVDA Nvidia Corp. 2.38% 19,655 $3.7M Add +9.3%
VCIT Vanguard Int-Term Corporate 2.11% 38,740 $3.3M Reduce -1.4%
AMZN Amazon.com Inc. 2.07% 14,556 $3.2M Add +91.1%
HWM Howmet Aerospace Inc. 1.94% 15,245 $3.0M Add +5.0%
PLTR Palantir Technologies Inc. Class A 1.94% 16,398 $3.0M Add +9.8%
NGD New Gold Inc. 1.78% 383,242 $2.8M Add +0.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.55% 46,416 $2.4M New
MSFT Microsoft Corp. 1.53% 4,550 $2.4M Add +40.3%
C Citigroup Inc. 1.49% 22,697 $2.3M Add +2.5%
AMD Advanced Micro Devices 1.48% 14,111 $2.3M Add +3.9%
PAAS Pan American Silver Corp. 1.48% 58,932 $2.3M Reduce -0.0%
GE General Electric filed as GE AEROSPACE 1.47% 7,558 $2.3M Add +17.7%
VCSH Vanguard S/T Corp. Bond ETF 1.45% 28,038 $2.2M Reduce -72.3%
GEV GE Vernova Inc. 1.44% 3,605 $2.2M Add +7.9%
MELI MercadoLibre Inc. 1.36% 897 $2.1M Reduce -1.0%
BCS Barclays PLC-Spons ADR 1.28% 95,470 $2.0M Reduce -0.0%
DASH DoorDash Inc. Class A 1.27% 7,208 $2.0M Add +0.0%
MRVL Marvell Technology Inc. 1.27% 23,231 $2.0M New
CCJ Cameco Corp. 1.26% 23,229 $1.9M Add +2.5%
ROAD Construction Partners Inc. Class A 1.25% 15,230 $1.9M Add +0.1%
FCFS Firstcash Holdings Inc. 1.18% 11,455 $1.8M Add +0.0%
TBBK The Bancorp Inc. 1.17% 23,985 $1.8M Add +1.5%
APEI American Public Education 1.16% 45,413 $1.8M Reduce -0.2%
SCHW Schwab (charles) Corp. 1.16% 18,668 $1.8M Add +0.1%
NFG National Fuel Gas Co. 1.15% 19,271 $1.8M Add +0.1%
GOOG Alphabet Inc. Class C 1.14% 7,195 $1.8M New
GRAL Grail Inc. 1.10% 28,558 $1.7M New
GWRE Guidewire Software Inc. 1.09% 7,323 $1.7M Reduce -0.2%
TSM Taiwan Semiconductor-SP ADR 1.07% 5,917 $1.7M Add +0.8%
AGI Alamos Gold Inc. Class A 1.07% 47,215 $1.6M New
NFLX Netflix Inc. 1.06% 1,367 $1.6M Add +1.3%
CRS Carpenter Technology 1.06% 6,664 $1.6M Reduce -36.0%
IBEX Ibex Ltd. 1.03% 39,297 $1.6M Reduce -0.1%
FSM Fortuna Mining Corp. 0.97% 166,059 $1.5M New
CVNA Carvana Co. 0.96% 3,915 $1.5M Reduce -0.3%
USFD US Foods Holding Corp. 0.94% 18,880 $1.4M Reduce -0.0%
SE Sea Ltd.-ADR 0.93% 8,032 $1.4M Reduce -0.6%
OKLO Oklo Inc. 0.91% 12,622 $1.4M Add +0.3%
ESE Esco Technologies Inc. 0.91% 6,673 $1.4M Add +0.2%
SNOW Snowflake Inc. 0.90% 6,142 $1.4M Add +8.4%
ARIS Aris Mining Corp. filed as ARIS MNG CORP 0.88% 137,890 $1.4M New
VOO Vanguard S&P 500 ETF 0.87% 2,201 $1.3M New
MPWR Monolithic Power Systems Inc. 0.87% 1,451 $1.3M New
PODD Insulet Corp. 0.85% 4,260 $1.3M Reduce -15.8%
BANC Banc of California Inc. 0.85% 79,250 $1.3M New
JBTM JBT Marel Corp. 0.83% 9,086 $1.3M New
MA Mastercard Inc. Class A 0.81% 2,192 $1.2M Add +1.8%
PLMR Palomar Holdings Inc. 0.80% 10,567 $1.2M Reduce -29.8%
AVXL Anavex Life Sciences Corp. 0.78% 135,948 $1.2M New
PEN Penumbra Inc. 0.72% 4,407 $1.1M Add +2.8%
IVV iShares Core S&P 500 ETF 0.69% 1,587 $1.1M New
IFS Intercorp Financial Services 0.68% 25,829 $1.0M Add +0.2%
ERO Ero Copper Corp. 0.64% 48,857 $988K New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.64% 61,621 $987K New
EBC Eastern Bankshares Inc. 0.64% 54,273 $985K New
XMTR Xometry Inc. Class A 0.62% 17,678 $963K New
FTI Technipfmc PLC 0.62% 24,252 $957K New
DERM Journey Medical Corp. 0.61% 132,904 $946K New
LLY Eli Lilly & Co. 0.59% 1,190 $908K New
MTZ Mastec Inc. 0.55% 4,011 $854K New
AVGO Broadcom Inc. 0.49% 2,304 $760K New
BDJ BlackRock Enhanced Eqty DVD 0.47% 79,426 $724K New
SMR Nuscale Power Corp. 0.46% 19,704 $709K Add +0.4%
PSQ Proshares Short QQQ 0.43% 21,568 $669K New
KNSA Kiniksa Pharmaceuticals Inte 0.43% 16,992 $660K New
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.43% 43,435 $660K New
VIAV Viavi Solutions Inc. 0.43% 51,847 $658K New
COHR Coherent Corp. 0.43% 6,091 $656K New
PRVA Privia Health Group Inc. 0.42% 26,284 $654K New
SAND Sandstorm Gold Ltd. 0.42% 52,228 $654K New
CENX Century Aluminum Company 0.42% 22,196 $652K New
AHR American Healthcare REIT Inc. 0.42% 15,432 $648K New
SPYI Neos S&P 500 High Income ETF 0.40% 11,729 $613K New
VERU Veru Inc. 0.40% 161,042 $612K Add +620.9%
VERU Veru Inc. 0.40% 161,042 $612K New
BA The Boeing Co. 0.39% 2,760 $596K New
JEPI JPMorgan Equity Premium Inco 0.38% 10,318 $589K New
GBIL Goldman Sachs Access Treasur 0.36% 5,523 $554K Reduce -39.6%
KMB Kimberly-Clark Corp. 0.35% 4,370 $543K New
SH Proshares Short S&P500 0.34% 14,257 $527K New
ABBV Abbvie Inc. 0.34% 2,246 $520K New
AXON Axon Enterprise Inc. 0.33% 710 $510K New
GLW Corning Inc. 0.33% 6,150 $504K New
AAPL Apple Inc. 0.31% 1,903 $485K New
AMZU Dire DLY Amzn Bul 2X ETF-Usd 0.31% 13,757 $478K New
GAP The Gap Inc. 0.30% 21,839 $467K New
TKO Tko Group Holdings Inc. 0.29% 2,251 $455K New
BAX Baxter International Inc. 0.26% 17,611 $401K New
FTHY First Trust Hi YLD Opp 2027 0.26% 27,515 $399K New
MDWD Mediwound Ltd. 0.23% 20,090 $362K New
VKTX Viking Therapeutics Inc. 0.23% 13,364 $351K New
XAR SS SPDR S&P Aerospace Def 0.23% 1,484 $349K New
DX Dynex Capital Inc. 0.22% 27,422 $337K New
AVAV Aerovironment Inc. 0.22% 1,055 $332K New
ETON Eton Pharmaceuticals Inc. 0.21% 14,842 $323K New
WEN The Wendy's Co. 0.20% 33,725 $309K New

Show all 137 holdings

Portfolio Sells Q2 2025 → Q3 2025
VCSH Vanguard S/T Corp. Bond ETF Reduce -72.3% 1.45% −5.61
AVPT Avepoint Inc. Sold out 0.00% −1.73
SPOT Spotify Technology SA Sold out 0.00% −1.61
TMUS T-Mobile US Inc. Sold out 0.00% −1.58
CRS Carpenter Technology Reduce -36.0% 1.06% −1.46
GPOR Gulfport Energy Corp. Sold out 0.00% −1.44
LPLA LPL Financial Holdings Inc. Sold out 0.00% −1.43
AIG American International Group Sold out 0.00% −1.42
NOW ServiceNow Inc. Sold out 0.00% −1.40
RGLD Royal Gold Inc. Sold out 0.00% −1.34
TOST Toast Inc. Class A Sold out 0.00% −1.28
PLMR Palomar Holdings Inc. Reduce -29.8% 0.80% −1.24
ALL Allstate Corp. Sold out 0.00% −1.20
ATI Ati Inc. Sold out 0.00% −1.19
MCB Metropolitan Bank Holding Co. Sold out 0.00% −1.12
EXEL Exelixis Inc. Sold out 0.00% −1.10
FTNT Fortinet Inc. Sold out 0.00% −1.09
MNDY Monday.com Ltd. Sold out 0.00% −1.08
QTWO Q2 Holdings Inc. Sold out 0.00% −1.08
GTLS Chart Industries Inc. Sold out 0.00% −1.04
BJRI Bj's Restaurants Inc. Sold out 0.00% −1.04
ALAB Astera Labs Inc. Sold out 0.00% −1.01
ADP Automatic Data Processing Sold out 0.00% −0.88
SOC Sable Offshore Corp. Sold out 0.00% −0.83
SKWD Skyward Specialty Insurance Sold out 0.00% −0.82
VCIT Vanguard Int-Term Corporate Reduce -1.4% 2.11% −0.75
KINS Kingstone Cos Inc. Sold out 0.00% −0.74
ADMA Adma Biologics Inc. Sold out 0.00% −0.73
MELI MercadoLibre Inc. Reduce -1.0% 1.36% −0.72
PODD Insulet Corp. Reduce -15.8% 0.85% −0.54
GBIL Goldman Sachs Access Treasur Reduce -39.6% 0.36% −0.44
GWRE Guidewire Software Inc. Reduce -0.2% 1.09% −0.42
USFD US Foods Holding Corp. Reduce -0.0% 0.94% −0.34
BCS Barclays PLC-Spons ADR Reduce -0.0% 1.28% −0.28
CVNA Carvana Co. Reduce -0.3% 0.96% −0.20
SE Sea Ltd.-ADR Reduce -0.6% 0.93% −0.20
VTHR Vanguard Russell 3000 Reduce -8.4% 0.18% −0.07
APEI American Public Education Reduce -0.2% 1.16% −0.05
PAAS Pan American Silver Corp. Reduce -0.0% 1.48% +0.01
IBEX Ibex Ltd. Reduce -0.1% 1.03% +0.03
APP AppLovin Corp. Class A Reduce -2.8% 2.56% +0.82

Portfolio Buys Q2 2025 → Q3 2025
JEPQ JPM Nasdaq Equity Premium Add +148.0% 7.75% +3.75
BIL SS SPDR BB 1-3M T-Bill ETF New 2.59% +2.59
PIM Franklin Master Interm IT-Ui New 2.46% +2.46
BAC Bank of America Corp. New 1.55% +1.55
MRVL Marvell Technology Inc. New 1.27% +1.27
GOOG Alphabet Inc. Class C New 1.14% +1.14
GRAL Grail Inc. New 1.10% +1.10
AGI Alamos Gold Inc. Class A New 1.07% +1.07
FSM Fortuna Mining Corp. New 0.97% +0.97
ARIS Aris Mining Corp. New 0.88% +0.88
VOO Vanguard S&P 500 ETF New 0.87% +0.87
MPWR Monolithic Power Systems Inc. New 0.87% +0.87
BANC Banc of California Inc. New 0.85% +0.85
JBTM JBT Marel Corp. New 0.83% +0.83
AVXL Anavex Life Sciences Corp. New 0.78% +0.78
IVV iShares Core S&P 500 ETF New 0.69% +0.69
ERO Ero Copper Corp. New 0.64% +0.64
NU Nu Holdings Ltd./Cayman Isl-A New 0.64% +0.64
EBC Eastern Bankshares Inc. New 0.64% +0.64
XMTR Xometry Inc. Class A New 0.62% +0.62
FTI Technipfmc PLC New 0.62% +0.62
DERM Journey Medical Corp. New 0.61% +0.61
AMZN Amazon.com Inc. Add +91.1% 2.07% +0.61
LLY Eli Lilly & Co. New 0.59% +0.59
MTZ Mastec Inc. New 0.55% +0.55
AVGO Broadcom Inc. New 0.49% +0.49
BDJ BlackRock Enhanced Eqty DVD New 0.47% +0.47
PSQ Proshares Short QQQ New 0.43% +0.43
KNSA Kiniksa Pharmaceuticals Inte New 0.43% +0.43
HAPN Happen Inc. New 0.43% +0.43
VIAV Viavi Solutions Inc. New 0.43% +0.43
COHR Coherent Corp. New 0.43% +0.43
PRVA Privia Health Group Inc. New 0.42% +0.42
SAND Sandstorm Gold Ltd. New 0.42% +0.42
CENX Century Aluminum Company New 0.42% +0.42
AHR American Healthcare REIT Inc. New 0.42% +0.42
SPYI Neos S&P 500 High Income ETF New 0.40% +0.40
VERU Veru Inc. New 0.40% +0.40
BA The Boeing Co. New 0.39% +0.39
VERU Veru Inc. Add +620.9% 0.40% +0.39
JEPI JPMorgan Equity Premium Inco New 0.38% +0.38
KMB Kimberly-Clark Corp. New 0.35% +0.35
SH Proshares Short S&P500 New 0.34% +0.34
ABBV Abbvie Inc. New 0.34% +0.34
AXON Axon Enterprise Inc. New 0.33% +0.33
GLW Corning Inc. New 0.33% +0.33
AAPL Apple Inc. New 0.31% +0.31
AMZU Dire DLY Amzn Bul 2X ETF-Usd New 0.31% +0.31
GAP The Gap Inc. New 0.30% +0.30
OKLO Oklo Inc. Add +0.3% 0.91% +0.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 137$154.2MJEPQ, BIL, APP, PIM, NVDA
Q2 2025 71$113.9MVCSH, JEPQ, VCIT, CRS, NVDA
Q1 2025 42$100.3MGBIL, VCSH, RSP, VCIT, NVDA
Q4 2024 57$118.0MVCSH, GBIL, EFIV, RSP, IWV