Shelton Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Shelton Capital Management reported 693 stock positions worth $4.2 billion. Its top holding was Apple (AAPL) at 9.9% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Nvidia (NVDA, 5.0%). Compared with Q4 2024, it opened 38 new positions, sold out of 68, added to 109 and reduced 435. The biggest buy was Apple (AAPL, shares +32%) and the biggest sale Nvidia (NVDA, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001002784
- Portfolio Value
- $4.2B (Q1 2025)
- SEC Filing
- 0001999371-25-006211 ↗ filed May 15, 2025
Holdings Value
Holdings 693 stocks · $4.2B
| AAPL Apple Inc. | 9.91% | 1,870,468 | $415.5M | Add +31.6% |
| MSFT Microsoft Corp. | 5.35% | 597,573 | $224.3M | Add +14.6% |
| NVDA Nvidia Corp. | 5.03% | 1,948,278 | $211.2M | Reduce -3.9% |
| AMZN Amazon.com Inc. | 4.07% | 897,813 | $170.8M | Add +17.7% |
| META Meta Platforms Inc. Class A | 2.24% | 162,941 | $93.9M | Reduce -4.8% |
| AVGO Broadcom Inc. | 2.07% | 519,359 | $87.0M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 1.89% | 512,853 | $79.3M | Reduce -1.5% |
| NFLX Netflix Inc. | 1.55% | 69,551 | $64.9M | Reduce -8.6% |
| TSLA Tesla Inc. | 1.48% | 239,320 | $62.0M | Add +3.7% |
| COST Costco Wholesale Corp. | 1.35% | 59,692 | $56.5M | Reduce -10.1% |
| GOOG Alphabet Inc. Class C | 1.16% | 311,850 | $48.7M | Reduce -5.4% |
| CSCO Cisco Systems Inc. | 1.01% | 688,320 | $42.5M | Add +23.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.00% | 1,009,171 | $42.1M | Add +126.6% |
| CTSH Cognizant Tech Solutions-A | 0.98% | 535,928 | $41.0M | Add +62.9% |
| TMUS T-Mobile US Inc. | 0.96% | 150,406 | $40.1M | Reduce -1.3% |
| AFL Aflac Inc. | 0.88% | 333,209 | $37.0M | Add +165.5% |
| LIN Linde PLC | 0.87% | 78,388 | $36.5M | Add +3.3% |
| AMAT Applied Materials Inc. | 0.82% | 237,811 | $34.5M | Add +32.8% |
| XOM Exxon Mobil Corp. | 0.82% | 288,170 | $34.3M | Add +5.8% |
| TRMB Trimble Inc. | 0.80% | 514,005 | $33.7M | Add +114.6% |
| WMT Walmart Inc. | 0.80% | 381,652 | $33.5M | Add +165.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.79% | 395,545 | $33.2M | Add +175.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.79% | 271,946 | $33.1M | Add +97.2% |
| KO The Coca-Cola Co. | 0.79% | 462,316 | $33.1M | Add +89.0% |
| ISRG Intuitive Surgical Inc. | 0.74% | 62,688 | $31.0M | Reduce -14.9% |
| NRG NRG Energy Inc. | 0.68% | 298,829 | $28.5M | Add +110.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.68% | 53,279 | $28.4M | Add +0.2% |
| BMY Bristol-Myers Squibb Co. | 0.67% | 459,071 | $28.0M | Add +113.3% |
| CMCSA Comcast Corp. Class A | 0.64% | 727,191 | $26.8M | Reduce -2.7% |
| TXN Texas Instruments Inc. | 0.63% | 147,728 | $26.5M | Reduce -3.1% |
| BSX Boston Scientific Corp. | 0.63% | 262,648 | $26.5M | Add +70.8% |
| AMGN Amgen Inc. | 0.62% | 83,812 | $26.1M | Add +0.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.62% | 53,351 | $25.9M | Reduce -2.3% |
| INTU Intuit Inc. | 0.61% | 41,856 | $25.7M | Reduce -3.9% |
| PEP Pepsico Inc. | 0.60% | 167,508 | $25.1M | Reduce -4.7% |
| EBAY eBay Inc. | 0.59% | 364,800 | $24.7M | Add +110.4% |
| PLTR Palantir Technologies Inc. Class A | 0.58% | 288,449 | $24.3M | Reduce -9.5% |
| BA The Boeing Co. | 0.57% | 140,813 | $24.0M | Add +80.4% |
| ADBE Adobe Inc. | 0.57% | 62,340 | $23.9M | Add +0.2% |
| AMD Advanced Micro Devices | 0.56% | 229,847 | $23.6M | Reduce -4.0% |
| PYPL PayPal Holdings Inc. | 0.56% | 358,879 | $23.4M | Add +61.0% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.55% | 296,504 | $23.2M | Add +200.4% |
| PHM Pultegroup Inc. | 0.54% | 219,897 | $22.6M | Add +123.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.52% | 672,471 | $21.9M | Add +94.8% |
| CVX Chevron Corp. | 0.52% | 130,299 | $21.8M | Add +60.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.51% | 218,031 | $21.5M | Add +82.2% |
| PANW Palo Alto Networks Inc. | 0.51% | 125,551 | $21.4M | Add +0.3% |
| QCOM Qualcomm Inc. | 0.50% | 135,749 | $20.9M | Reduce -5.7% |
| BKNG Booking Holdings Inc. | 0.49% | 4,501 | $20.7M | Reduce -13.1% |
| VZ Verizon Communications Inc. | 0.49% | 449,858 | $20.4M | Add +11.6% |
| RTX RTX Corp. | 0.48% | 150,903 | $20.0M | Reduce -13.4% |
| ORCL Oracle Corp. | 0.48% | 142,639 | $19.9M | Reduce -2.1% |
| MNST Monster Beverage Corp. | 0.46% | 330,507 | $19.3M | Add +66.3% |
| OMC Omnicom Group | 0.45% | 229,964 | $19.1M | Add +93.5% |
| NTAP Netapp Inc. | 0.45% | 215,466 | $18.9M | Add +16.4% |
| GS Goldman Sachs Group Inc. | 0.44% | 33,661 | $18.4M | Add +33.1% |
| ADP Automatic Data Processing | 0.43% | 59,246 | $18.1M | Reduce -8.1% |
| UNH Unitedhealth Group Inc. | 0.43% | 34,291 | $18.0M | Add +0.3% |
| T AT&T Inc. | 0.42% | 618,987 | $17.5M | Add +69.2% |
| GILD Gilead Sciences Inc. | 0.40% | 150,834 | $16.9M | Reduce -3.0% |
| HON Honeywell International Inc. | 0.40% | 78,951 | $16.7M | Reduce -4.8% |
| FTNT Fortinet Inc. | 0.39% | 171,605 | $16.5M | Reduce -21.1% |
| CDNS Cadence Design SYS Inc. | 0.39% | 64,879 | $16.5M | Add +13.8% |
| SBUX Starbucks Corp. | 0.39% | 167,248 | $16.4M | Reduce -3.0% |
| PG The Procter & Gamble Co. | 0.39% | 95,937 | $16.3M | Reduce -9.9% |
| HD Home Depot Inc. | 0.39% | 44,382 | $16.3M | Reduce -13.0% |
| ORLY O'reilly Automotive Inc. | 0.36% | 10,575 | $15.1M | Add +5.8% |
| DASH DoorDash Inc. Class A | 0.35% | 81,088 | $14.8M | Reduce -5.2% |
| CORT Corcept Therapeutics Inc. | 0.35% | 128,744 | $14.7M | Reduce -0.1% |
| CEG Constellation Energy | 0.34% | 71,407 | $14.4M | Add +2.7% |
| LLY Eli Lilly & Co. | 0.34% | 17,328 | $14.3M | Reduce -2.8% |
| MS Morgan Stanley | 0.34% | 121,954 | $14.2M | Add +1583.5% |
| MRK Merck & Co. Inc. | 0.33% | 156,028 | $14.0M | Add +16.0% |
| NXPI NXP Semiconductors NV | 0.33% | 71,801 | $13.6M | Reduce -0.9% |
| ACN Accenture PLC Class A | 0.33% | 43,685 | $13.6M | Add +1.1% |
| TRV The Travelers Cos Inc. | 0.32% | 51,243 | $13.6M | Add +36.9% |
| INTC Intel Corp. | 0.32% | 584,270 | $13.3M | Reduce -3.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.32% | 37,632 | $13.3M | Reduce -2.4% |
| SNPS Synopsys Inc. | 0.31% | 30,715 | $13.2M | Reduce -0.8% |
| MA Mastercard Inc. Class A | 0.31% | 24,015 | $13.2M | Add +21.4% |
| LRCX Lam Research Corp. | 0.31% | 180,368 | $13.1M | Reduce -3.0% |
| JCI Johnson Controls Internation | 0.31% | 162,036 | $13.0M | Add +16.2% |
| CAH Cardinal Health Inc. | 0.31% | 93,629 | $12.9M | Add +1.8% |
| DE Deere & Co. | 0.31% | 27,374 | $12.8M | Add +49.4% |
| HPQ HP Inc. | 0.30% | 456,859 | $12.7M | Add +20.8% |
| IR Ingersoll-Rand Inc. | 0.30% | 157,178 | $12.6M | Reduce -1.2% |
| GLW Corning Inc. | 0.30% | 274,759 | $12.6M | Add +15.5% |
| MSGS Madison Square Garden Sports | 0.30% | 63,892 | $12.4M | Reduce -0.1% |
| ADI Analog Devices Inc. | 0.29% | 60,657 | $12.2M | Reduce -3.7% |
| JNJ Johnson & Johnson | 0.29% | 73,761 | $12.2M | Add +21.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 48,343 | $12.0M | Reduce -21.1% |
| MU Micron Technology Inc. | 0.28% | 137,385 | $11.9M | Reduce -4.3% |
| V Visa Inc. Class A | 0.28% | 33,658 | $11.8M | Reduce -0.1% |
| TT Trane Technologies PLC | 0.28% | 34,977 | $11.8M | Reduce -0.1% |
| REGN Regeneron Pharmaceuticals | 0.28% | 18,478 | $11.7M | Reduce -2.9% |
| CAT Caterpillar Inc. | 0.28% | 35,023 | $11.6M | Add +2.5% |
| MELI MercadoLibre Inc. | 0.27% | 5,809 | $11.3M | Reduce -3.8% |
| MDLZ Mondelez International Inc. Class A | 0.27% | 165,448 | $11.2M | Reduce -46.9% |
| KLAC KLA Corp. | 0.27% | 16,478 | $11.2M | Reduce -3.0% |
| APP AppLovin Corp. Class A | 0.27% | 41,973 | $11.1M | Reduce -9.2% |
Options reported separately and not counted above: NVDA puts ($3.2M), ACN puts ($342K), AAPL puts ($330K), AVGO puts ($225K).
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -3.9% | 5.03% | −1.74 |
| AVGO Broadcom Inc. | Reduce -0.1% | 2.07% | −0.93 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 1.89% | −0.56 |
| GOOG Alphabet Inc. Class C | Reduce -5.4% | 1.16% | −0.40 |
| JPM JPMorgan Chase & Co. | Reduce -59.6% | 0.23% | −0.34 |
| META Meta Platforms Inc. Class A | Reduce -4.8% | 2.24% | −0.26 |
| FISV Fiserv Inc. | Reduce -92.8% | 0.02% | −0.25 |
| ISRG Intuitive Surgical Inc. | Reduce -14.9% | 0.74% | −0.22 |
| MDLZ Mondelez International Inc. Class A | Reduce -46.9% | 0.27% | −0.20 |
| COST Costco Wholesale Corp. | Reduce -10.1% | 1.35% | −0.17 |
| AMD Advanced Micro Devices | Reduce -4.0% | 0.56% | −0.16 |
| BKNG Booking Holdings Inc. | Reduce -13.1% | 0.49% | −0.15 |
| NFLX Netflix Inc. | Reduce -8.6% | 1.55% | −0.14 |
| MRVL Marvell Technology Inc. | Reduce -2.6% | 0.15% | −0.14 |
| CRM Salesforce Inc. | Reduce -16.4% | 0.24% | −0.13 |
| ORCL Oracle Corp. | Reduce -2.1% | 0.48% | −0.13 |
| DOW Dow Inc. | Reduce -73.0% | 0.04% | −0.13 |
| ABBV Abbvie Inc. | Reduce -40.7% | 0.26% | −0.13 |
| FTNT Fortinet Inc. | Reduce -21.1% | 0.39% | −0.12 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -48.5% | 0.09% | −0.11 |
| APP AppLovin Corp. Class A | Reduce -9.2% | 0.27% | −0.11 |
| HD Home Depot Inc. | Reduce -13.0% | 0.39% | −0.11 |
| CMG Chipotle Mexican Grill Inc. | Reduce -24.3% | 0.15% | −0.10 |
| WFC Wells Fargo & Co. | Reduce -34.8% | 0.14% | −0.08 |
| TEAM Atlassian Corp. Class A | Reduce -23.5% | 0.14% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -3.1% | 0.63% | −0.08 |
| INTU Intuit Inc. | Reduce -3.9% | 0.61% | −0.07 |
| HON Honeywell International Inc. | Reduce -4.8% | 0.40% | −0.07 |
| PEP Pepsico Inc. | Reduce -4.7% | 0.60% | −0.07 |
| MSGS Madison Square Garden Sports | Reduce -0.1% | 0.30% | −0.06 |
| ICE Intercontinental Exchange Inc. | Reduce -83.2% | 0.01% | −0.06 |
| SNPS Synopsys Inc. | Reduce -0.8% | 0.31% | −0.06 |
| MAR Marriott International Class A | Reduce -0.9% | 0.25% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -20.2% | 0.18% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -2.7% | 0.64% | −0.06 |
| IR Ingersoll-Rand Inc. | Reduce -1.2% | 0.30% | −0.06 |
| REGN Regeneron Pharmaceuticals | Reduce -2.9% | 0.28% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -9.9% | 0.39% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -5.7% | 0.50% | −0.05 |
| ECL Ecolab Inc. | Reduce -86.3% | 0.01% | −0.05 |
| HDB HDFC Bank Ltd.-ADR | Reduce -70.8% | 0.02% | −0.05 |
| AXP American Express Co. | Reduce -4.8% | 0.24% | −0.05 |
| NXPI NXP Semiconductors NV | Reduce -0.9% | 0.33% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -21.1% | 0.29% | −0.05 |
| LULU Lululemon Athletica Inc. | Reduce -5.0% | 0.09% | −0.05 |
| CARR Carrier Global Corp. | Reduce -12.9% | 0.15% | −0.04 |
| ACWX iShares MSCI Acwi Ex US ETF | Sold out | 0.00% | −0.04 |
| MCHP Microchip Technology Inc. | Reduce -18.6% | 0.08% | −0.04 |
| ADI Analog Devices Inc. | Reduce -3.7% | 0.29% | −0.04 |
| TT Trane Technologies PLC | Reduce -0.1% | 0.28% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| AAPL Apple Inc. | Add +31.6% | 9.91% | +1.04 |
| AFL Aflac Inc. | Add +165.5% | 0.88% | +0.56 |
| BAC Bank of America Corp. | Add +126.6% | 1.00% | +0.52 |
| BNY Bank of New York Mellon Corp. | Add +175.9% | 0.79% | +0.52 |
| WMT Walmart Inc. | Add +165.2% | 0.80% | +0.48 |
| KO The Coca-Cola Co. | Add +89.0% | 0.79% | +0.41 |
| TRMB Trimble Inc. | Add +114.6% | 0.80% | +0.38 |
| TJX TJX Companies Inc. | Add +97.2% | 0.79% | +0.38 |
| BMY Bristol-Myers Squibb Co. | Add +113.3% | 0.67% | +0.36 |
| NRG NRG Energy Inc. | Add +110.7% | 0.68% | +0.36 |
| CTSH Cognizant Tech Solutions-A | Add +62.9% | 0.98% | +0.35 |
| CF CF Industries Holdings Inc. | Add +200.4% | 0.55% | +0.34 |
| EBAY eBay Inc. | Add +110.4% | 0.59% | +0.32 |
| MS Morgan Stanley | Add +1583.5% | 0.34% | +0.32 |
| BSX Boston Scientific Corp. | Add +70.8% | 0.63% | +0.29 |
| PHM Pultegroup Inc. | Add +123.5% | 0.54% | +0.27 |
| VICI Vici Properties Inc. | Add +94.8% | 0.52% | +0.27 |
| BA The Boeing Co. | Add +80.4% | 0.57% | +0.23 |
| CVX Chevron Corp. | Add +60.0% | 0.52% | +0.23 |
| T AT&T Inc. | Add +69.2% | 0.42% | +0.21 |
| APH Amphenol Corp. Class A | Add +1834.3% | 0.22% | +0.21 |
| MNST Monster Beverage Corp. | Add +66.3% | 0.46% | +0.20 |
| OMC Omnicom Group | Add +93.5% | 0.45% | +0.20 |
| LUV Southwest Airlines Co. | Add +1546.5% | 0.21% | +0.20 |
| CSCO Cisco Systems Inc. | Add +23.3% | 1.01% | +0.19 |
| DIS The Walt Disney Co. | Add +82.2% | 0.51% | +0.18 |
| ABT Abbott Laboratories | Add +220.3% | 0.24% | +0.17 |
| C Citigroup Inc. | Add +91.7% | 0.26% | +0.12 |
| AZO AutoZone Inc. | Add +91.6% | 0.21% | +0.11 |
| DE Deere & Co. | Add +49.4% | 0.31% | +0.11 |
| TRV The Travelers Cos Inc. | Add +36.9% | 0.32% | +0.10 |
| AMAT Applied Materials Inc. | Add +32.8% | 0.82% | +0.10 |
| XOM Exxon Mobil Corp. | Add +5.8% | 0.82% | +0.09 |
| VZ Verizon Communications Inc. | Add +11.6% | 0.49% | +0.09 |
| PYPL PayPal Holdings Inc. | Add +61.0% | 0.56% | +0.08 |
| GM General Motors Co. | Add +1102.8% | 0.09% | +0.08 |
| LIN Linde PLC | Add +3.3% | 0.87% | +0.08 |
| AMGN Amgen Inc. | Add +0.1% | 0.62% | +0.08 |
| GS Goldman Sachs Group Inc. | Add +33.1% | 0.44% | +0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.2% | 0.68% | +0.08 |
| JNJ Johnson & Johnson | Add +21.8% | 0.29% | +0.07 |
| SYK Stryker Corp. | Add +392.4% | 0.08% | +0.07 |
| ORLY O'reilly Automotive Inc. | Add +5.8% | 0.36% | +0.07 |
| ZM Zoom Communications Inc. | New | 0.06% | +0.06 |
| AWK American Water Works Co. Inc. | Add +75.7% | 0.12% | +0.06 |
| MA Mastercard Inc. Class A | Add +21.4% | 0.31% | +0.05 |
| CVS CVS Health Corp. | Add +26.9% | 0.12% | +0.05 |
| CAH Cardinal Health Inc. | Add +1.8% | 0.31% | +0.04 |
| JCI Johnson Controls Internation | Add +16.2% | 0.31% | +0.04 |
| WMB Williams Cos Inc. | Add +18.3% | 0.16% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | put | Add +29.3% | 304,500 | $3.2M |
| ACN Accenture PLC Class A | put | Reduce -16.7% | 13,500 | $342K |
| AAPL Apple Inc. | put | Add +8.9% | 68,400 | $330K |
| AVGO Broadcom Inc. | put | Reduce -77.3% | 6,200 | $225K |
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 |
|---|---|---|---|
| Q2 2026 | 744 | $5.4B | AAPL, NVDA, MSFT, MU, AMZN |
| Q1 2026 | 713 | $4.6B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q4 2025 | 699 | $5.1B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q3 2025 | 720 | $4.7B | AAPL, NVDA, MSFT, AMZN, AVGO |
| Q2 2025 | 711 | $4.3B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q1 2025 | 693 | $4.2B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 723 | $4.0B | AAPL, NVDA, MSFT, AMZN, AVGO |
| Q3 2024 | 745 | $3.9B | AAPL, NVDA, MSFT, AMZN, META |
| Q2 2024 | 706 | $3.7B | AAPL, MSFT, NVDA, AMZN, META |
| Q1 2024 | 730 | $3.5B | AAPL, MSFT, NVDA, AMZN, META |