Shelton Capital Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Shelton Capital Management reported 711 stock positions worth $4.3 billion. Its top holding was Nvidia (NVDA) at 7.8% of the portfolio, followed by Apple (AAPL, 7.1%) and Microsoft (MSFT, 6.1%). Compared with Q1 2025, it opened 51 new positions, sold out of 33, added to 99 and reduced 405. The biggest buy was Nvidia (NVDA, shares +9%) and the biggest sale Apple (AAPL, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001002784
- Portfolio Value
- $4.3B (Q2 2025)
- SEC Filing
- 0001999371-25-011223 ↗ filed Aug 13, 2025
Holdings Value
Holdings 711 stocks · $4.3B
| NVDA Nvidia Corp. | 7.75% | 2,133,119 | $337.0M | Add +9.5% |
| AAPL Apple Inc. | 7.07% | 1,497,981 | $307.3M | Reduce -19.9% |
| MSFT Microsoft Corp. | 6.10% | 532,725 | $265.0M | Reduce -10.8% |
| AMZN Amazon.com Inc. | 3.98% | 787,973 | $172.9M | Reduce -12.2% |
| AVGO Broadcom Inc. | 3.25% | 511,836 | $141.1M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 2.81% | 165,673 | $122.3M | Add +1.7% |
| GOOGL Alphabet Inc. Class A | 2.15% | 530,871 | $93.6M | Add +3.5% |
| NFLX Netflix Inc. | 1.96% | 63,463 | $85.0M | Reduce -8.8% |
| TSLA Tesla Inc. | 1.75% | 240,070 | $76.3M | Add +0.3% |
| CSCO Cisco Systems Inc. | 1.47% | 919,571 | $63.8M | Add +33.6% |
| COST Costco Wholesale Corp. | 1.40% | 61,272 | $60.7M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 1.26% | 308,006 | $54.6M | Reduce -1.2% |
| PLTR Palantir Technologies Inc. Class A | 0.90% | 287,037 | $39.1M | Reduce -0.5% |
| LIN Linde PLC | 0.83% | 76,603 | $35.9M | Reduce -2.3% |
| ISRG Intuitive Surgical Inc. | 0.81% | 64,821 | $35.2M | Add +3.4% |
| XOM Exxon Mobil Corp. | 0.79% | 319,129 | $34.4M | Add +10.7% |
| TMUS T-Mobile US Inc. | 0.77% | 139,832 | $33.3M | Reduce -7.0% |
| INTU Intuit Inc. | 0.75% | 41,456 | $32.7M | Reduce -1.0% |
| AMD Advanced Micro Devices | 0.75% | 230,083 | $32.6M | Add +0.1% |
| TXN Texas Instruments Inc. | 0.72% | 151,568 | $31.5M | Add +2.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.67% | 616,666 | $29.2M | Reduce -38.9% |
| PYPL PayPal Holdings Inc. | 0.67% | 389,588 | $29.0M | Add +8.6% |
| BKNG Booking Holdings Inc. | 0.66% | 4,957 | $28.7M | Add +10.1% |
| ANET Arista Networks Inc. | 0.65% | 274,815 | $28.1M | Add +198.1% |
| CMCSA Comcast Corp. Class A | 0.64% | 781,191 | $27.9M | Add +7.4% |
| PANW Palo Alto Networks Inc. | 0.64% | 135,660 | $27.8M | Add +8.1% |
| FTNT Fortinet Inc. | 0.64% | 261,945 | $27.7M | Add +52.6% |
| WMT Walmart Inc. | 0.63% | 281,758 | $27.6M | Reduce -26.2% |
| GS Goldman Sachs Group Inc. | 0.62% | 38,213 | $27.0M | Add +13.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 53,087 | $25.8M | Reduce -0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.59% | 207,726 | $25.8M | Reduce -4.7% |
| NTAP Netapp Inc. | 0.58% | 238,575 | $25.4M | Add +10.7% |
| ADBE Adobe Inc. | 0.58% | 65,648 | $25.4M | Add +5.3% |
| RTX RTX Corp. | 0.56% | 166,914 | $24.4M | Add +10.6% |
| CEG Constellation Energy | 0.54% | 73,211 | $23.6M | Add +2.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.54% | 53,015 | $23.6M | Reduce -0.6% |
| AMGN Amgen Inc. | 0.54% | 83,444 | $23.3M | Reduce -0.4% |
| MNST Monster Beverage Corp. | 0.52% | 359,475 | $22.5M | Add +8.8% |
| PEP Pepsico Inc. | 0.50% | 164,017 | $21.7M | Reduce -2.1% |
| VZ Verizon Communications Inc. | 0.48% | 487,191 | $21.1M | Add +8.3% |
| QCOM Qualcomm Inc. | 0.48% | 131,418 | $20.9M | Reduce -3.2% |
| CDNS Cadence Design SYS Inc. | 0.47% | 66,392 | $20.5M | Add +2.3% |
| DASH DoorDash Inc. Class A | 0.47% | 82,700 | $20.4M | Add +2.0% |
| AMAT Applied Materials Inc. | 0.47% | 111,012 | $20.3M | Reduce -53.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.45% | 38,144 | $19.4M | Add +1.4% |
| AFL Aflac Inc. | 0.43% | 178,887 | $18.9M | Reduce -46.3% |
| TT Trane Technologies PLC | 0.42% | 42,136 | $18.4M | Add +20.5% |
| NXPI NXP Semiconductors NV | 0.42% | 83,378 | $18.2M | Add +16.1% |
| HPQ HP Inc. | 0.41% | 737,302 | $18.0M | Add +61.4% |
| ADP Automatic Data Processing | 0.41% | 58,385 | $18.0M | Reduce -1.4% |
| HON Honeywell International Inc. | 0.41% | 76,516 | $17.8M | Reduce -3.1% |
| LRCX Lam Research Corp. | 0.39% | 175,361 | $17.1M | Reduce -2.8% |
| BMY Bristol-Myers Squibb Co. | 0.39% | 367,963 | $17.0M | Reduce -19.9% |
| EBAY eBay Inc. | 0.39% | 227,897 | $17.0M | Reduce -37.5% |
| ZM Zoom Communications Inc. | 0.39% | 215,500 | $16.8M | Add +519.3% |
| MU Micron Technology Inc. | 0.38% | 134,736 | $16.6M | Reduce -1.9% |
| KO The Coca-Cola Co. | 0.38% | 234,430 | $16.6M | Reduce -49.3% |
| APH Amphenol Corp. Class A | 0.38% | 167,301 | $16.5M | Add +20.1% |
| CAT Caterpillar Inc. | 0.38% | 42,445 | $16.5M | Add +21.2% |
| GILD Gilead Sciences Inc. | 0.38% | 147,454 | $16.3M | Reduce -2.2% |
| BA The Boeing Co. | 0.37% | 77,642 | $16.3M | Reduce -44.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 54,536 | $16.1M | Add +12.8% |
| SNPS Synopsys Inc. | 0.37% | 31,240 | $16.0M | Add +1.7% |
| SHOP Shopify Inc. Class A | 0.37% | 137,642 | $15.9M | New |
| HD Home Depot Inc. | 0.36% | 42,862 | $15.7M | Reduce -3.4% |
| CVX Chevron Corp. | 0.36% | 108,387 | $15.5M | Reduce -16.8% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.36% | 169,917 | $15.5M | Reduce -57.0% |
| SBUX Starbucks Corp. | 0.35% | 166,455 | $15.3M | Reduce -0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 123,393 | $15.2M | Reduce -54.6% |
| MELI MercadoLibre Inc. | 0.35% | 5,765 | $15.1M | Reduce -0.8% |
| DE Deere & Co. | 0.34% | 29,341 | $14.9M | Add +7.2% |
| SO The Southern Co. | 0.34% | 161,618 | $14.8M | Add +700.6% |
| C Citigroup Inc. | 0.34% | 174,108 | $14.8M | Add +12.4% |
| APP AppLovin Corp. Class A | 0.33% | 41,013 | $14.4M | Reduce -2.3% |
| ADI Analog Devices Inc. | 0.33% | 60,153 | $14.3M | Reduce -0.8% |
| KLAC KLA Corp. | 0.33% | 15,871 | $14.2M | Reduce -3.7% |
| TRV The Travelers Cos Inc. | 0.33% | 53,116 | $14.2M | Add +3.7% |
| MRK Merck & Co. Inc. | 0.32% | 178,052 | $14.1M | Add +14.1% |
| MA Mastercard Inc. Class A | 0.32% | 24,792 | $13.9M | Add +3.2% |
| JCI Johnson Controls Internation | 0.32% | 130,064 | $13.7M | Reduce -19.7% |
| ORLY O'reilly Automotive Inc. | 0.31% | 150,480 | $13.6M | Reduce -5.1% |
| ACN Accenture PLC Class A | 0.31% | 45,104 | $13.5M | Add +3.3% |
| LLY Eli Lilly & Co. | 0.31% | 17,149 | $13.4M | Reduce -1.0% |
| JNJ Johnson & Johnson | 0.31% | 87,387 | $13.3M | Add +18.5% |
| MSGS Madison Square Garden Sports | 0.31% | 63,858 | $13.3M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.31% | 83,322 | $13.3M | Reduce -13.2% |
| T AT&T Inc. | 0.30% | 457,626 | $13.2M | Reduce -26.1% |
| BSX Boston Scientific Corp. | 0.30% | 122,094 | $13.1M | Reduce -53.5% |
| NEM Newmont Corp. | 0.30% | 224,052 | $13.1M | Add +524.6% |
| AXP American Express Co. | 0.29% | 40,204 | $12.8M | Add +9.3% |
| LUV Southwest Airlines Co. | 0.29% | 385,448 | $12.5M | Add +46.7% |
| V Visa Inc. Class A | 0.28% | 34,897 | $12.4M | Add +3.7% |
| INTC Intel Corp. | 0.28% | 549,754 | $12.3M | Reduce -5.9% |
| CRM Salesforce Inc. | 0.28% | 45,055 | $12.3M | Add +20.9% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.27% | 28,873 | $11.7M | Add +9.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.26% | 352,975 | $11.5M | Reduce -47.5% |
| CVS CVS Health Corp. | 0.26% | 166,176 | $11.5M | Add +131.6% |
| JPM JPMorgan Chase & Co. | 0.26% | 39,188 | $11.4M | Add +1.3% |
| CTAS Cintas Corp. | 0.26% | 50,009 | $11.1M | Reduce -0.7% |
| MS Morgan Stanley | 0.25% | 77,205 | $10.9M | Reduce -36.7% |
Options reported separately and not counted above: NVDA puts ($227K), AAPL puts ($44K), ACN puts ($14K), XOM puts ($10K).
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -19.9% | 7.07% | −2.84 |
| CTSH Cognizant Tech Solutions-A | Reduce -87.9% | 0.12% | −0.86 |
| TRMB Trimble Inc. | Reduce -92.3% | 0.07% | −0.74 |
| NRG NRG Energy Inc. | Reduce -99.5% | 0.01% | −0.67 |
| AFL Aflac Inc. | Reduce -46.3% | 0.43% | −0.45 |
| TJX TJX Companies Inc. | Reduce -54.6% | 0.35% | −0.44 |
| BNY Bank of New York Mellon Corp. | Reduce -57.0% | 0.36% | −0.43 |
| PHM Pultegroup Inc. | Reduce -79.3% | 0.11% | −0.43 |
| KO The Coca-Cola Co. | Reduce -49.3% | 0.38% | −0.41 |
| AMAT Applied Materials Inc. | Reduce -53.3% | 0.47% | −0.36 |
| CORT Corcept Therapeutics Inc. | Reduce -97.4% | 0.01% | −0.34 |
| CF CF Industries Holdings Inc. | Reduce -65.3% | 0.22% | −0.33 |
| BAC Bank of America Corp. | Reduce -38.9% | 0.67% | −0.33 |
| BSX Boston Scientific Corp. | Reduce -53.5% | 0.30% | −0.33 |
| OMC Omnicom Group | Reduce -55.1% | 0.17% | −0.28 |
| ORCL Oracle Corp. | Reduce -72.8% | 0.20% | −0.28 |
| BMY Bristol-Myers Squibb Co. | Reduce -19.9% | 0.39% | −0.28 |
| VICI Vici Properties Inc. | Reduce -47.5% | 0.26% | −0.26 |
| IR Ingersoll-Rand Inc. | Reduce -73.0% | 0.08% | −0.22 |
| EBAY eBay Inc. | Reduce -37.5% | 0.39% | −0.20 |
| BA The Boeing Co. | Reduce -44.9% | 0.37% | −0.20 |
| TMUS T-Mobile US Inc. | Reduce -7.0% | 0.77% | −0.19 |
| CAH Cardinal Health Inc. | Reduce -65.9% | 0.12% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -0.1% | 0.25% | −0.18 |
| WMT Walmart Inc. | Reduce -26.2% | 0.63% | −0.17 |
| CVX Chevron Corp. | Reduce -16.8% | 0.36% | −0.16 |
| GLW Corning Inc. | Reduce -57.6% | 0.14% | −0.16 |
| DVA Davita Inc. | Reduce -52.7% | 0.11% | −0.15 |
| T AT&T Inc. | Reduce -26.1% | 0.30% | −0.11 |
| PEP Pepsico Inc. | Reduce -2.1% | 0.50% | −0.10 |
| WMB Williams Cos Inc. | Reduce -62.6% | 0.06% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -12.2% | 3.98% | −0.10 |
| MS Morgan Stanley | Reduce -36.7% | 0.25% | −0.09 |
| ABBV Abbvie Inc. | Reduce -23.1% | 0.17% | −0.09 |
| AMGN Amgen Inc. | Reduce -0.4% | 0.54% | −0.09 |
| WM Waste Management Inc. | Reduce -31.7% | 0.16% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -13.2% | 0.31% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 0.59% | −0.08 |
| HEES H&E Equipment Services Inc. | Sold out | 0.00% | −0.08 |
| CSTL Castle Biosciences Inc. | Sold out | 0.00% | −0.08 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -0.6% | 0.54% | −0.07 |
| DD Dupont DE Nemours Inc. | Reduce -89.0% | 0.01% | −0.06 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.06 |
| REGN Regeneron Pharmaceuticals | Reduce -1.3% | 0.22% | −0.06 |
| ORLY O'reilly Automotive Inc. | Reduce -5.1% | 0.31% | −0.05 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.05 |
| LIN Linde PLC | Reduce -2.3% | 0.83% | −0.04 |
| SBUX Starbucks Corp. | Reduce -0.5% | 0.35% | −0.04 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +9.5% | 7.75% | +2.72 |
| META Meta Platforms Inc. Class A | Add +1.7% | 2.81% | +0.57 |
| ANET Arista Networks Inc. | Add +198.1% | 0.65% | +0.48 |
| CSCO Cisco Systems Inc. | Add +33.6% | 1.47% | +0.45 |
| SHOP Shopify Inc. Class A | New | 0.37% | +0.37 |
| ZM Zoom Communications Inc. | Add +519.3% | 0.39% | +0.33 |
| SO The Southern Co. | Add +700.6% | 0.34% | +0.30 |
| TSLA Tesla Inc. | Add +0.3% | 1.75% | +0.28 |
| GOOGL Alphabet Inc. Class A | Add +3.5% | 2.15% | +0.26 |
| NEM Newmont Corp. | Add +524.6% | 0.30% | +0.26 |
| FTNT Fortinet Inc. | Add +52.6% | 0.64% | +0.24 |
| CEG Constellation Energy | Add +2.5% | 0.54% | +0.20 |
| AMD Advanced Micro Devices | Add +0.1% | 0.75% | +0.19 |
| GS Goldman Sachs Group Inc. | Add +13.5% | 0.62% | +0.18 |
| BKNG Booking Holdings Inc. | Add +10.1% | 0.66% | +0.17 |
| APH Amphenol Corp. Class A | Add +20.1% | 0.38% | +0.16 |
| CVS CVS Health Corp. | Add +131.6% | 0.26% | +0.15 |
| TT Trane Technologies PLC | Add +20.5% | 0.42% | +0.14 |
| ITW Illinois Tool Works | Add +1577.7% | 0.14% | +0.14 |
| NTAP Netapp Inc. | Add +10.7% | 0.58% | +0.13 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.4% | 0.45% | +0.13 |
| PANW Palo Alto Networks Inc. | Add +8.1% | 0.64% | +0.13 |
| NKE Nike Inc. Class B | Add +236.6% | 0.18% | +0.13 |
| PEG Public Service Enterprise GP | Add +2176.6% | 0.12% | +0.12 |
| DASH DoorDash Inc. Class A | Add +2.0% | 0.47% | +0.12 |
| HPQ HP Inc. | Add +61.4% | 0.41% | +0.11 |
| PYPL PayPal Holdings Inc. | Add +8.6% | 0.67% | +0.11 |
| CAT Caterpillar Inc. | Add +21.2% | 0.38% | +0.10 |
| NXPI NXP Semiconductors NV | Add +16.1% | 0.42% | +0.09 |
| TXN Texas Instruments Inc. | Add +2.6% | 0.72% | +0.09 |
| MSTR Strategy Inc. | Add +9.2% | 0.27% | +0.09 |
| RTX RTX Corp. | Add +10.6% | 0.56% | +0.08 |
| IBM Intl Business Machines Corp. | Add +12.8% | 0.37% | +0.08 |
| GM General Motors Co. | Add +87.8% | 0.18% | +0.08 |
| C Citigroup Inc. | Add +12.4% | 0.34% | +0.08 |
| LUV Southwest Airlines Co. | Add +46.7% | 0.29% | +0.08 |
| CDNS Cadence Design SYS Inc. | Add +2.3% | 0.47% | +0.08 |
| UBER Uber Technologies Inc. | Add +67.4% | 0.15% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +3.4% | 0.81% | +0.07 |
| ULTA Ulta Beauty Inc. | Add +34.0% | 0.16% | +0.06 |
| CMG Chipotle Mexican Grill Inc. | Add +31.0% | 0.21% | +0.06 |
| AXP American Express Co. | Add +9.3% | 0.29% | +0.06 |
| COF Capital One Financial Corp. | Add +536.1% | 0.07% | +0.06 |
| MNST Monster Beverage Corp. | Add +8.8% | 0.52% | +0.06 |
| SNPS Synopsys Inc. | Add +1.7% | 0.37% | +0.05 |
| NOW ServiceNow Inc. | Add +5.5% | 0.22% | +0.05 |
| COST Costco Wholesale Corp. | Add +2.6% | 1.40% | +0.05 |
| NVS Novartis AG-Sponsored ADR | Add +217.4% | 0.07% | +0.05 |
| CRM Salesforce Inc. | Add +20.9% | 0.28% | +0.04 |
| DE Deere & Co. | Add +7.2% | 0.34% | +0.04 |
Options Activity Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | put | Reduce -61.0% | 118,820 | $227K |
| AVGO Broadcom Inc. | put | Sold out | 6,200 | $225Kbefore exit |
| AAPL Apple Inc. | put | Add +116.8% | 148,313 | $44K |
| ACN Accenture PLC Class A | put | Add +1744.8% | 249,051 | $14K |
| XOM Exxon Mobil Corp. | put | New | 3,744 | $10K |
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 |