Shelton Capital Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Shelton Capital Management reported 699 stock positions worth $5.1 billion. Its top holding was Apple (AAPL) at 7.8% of the portfolio, followed by Nvidia (NVDA, 7.2%) and Microsoft (MSFT, 5.4%). Compared with Q3 2025, it opened 46 new positions, sold out of 68, added to 148 and reduced 267. The biggest buy was Lam Research (LRCX, shares +66%) and the biggest sale Broadcom (AVGO, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001002784
- Portfolio Value
- $5.1B (Q4 2025)
- SEC Filing
- 0001999371-26-003406 ↗ filed Feb 17, 2026
Holdings Value
Holdings 699 stocks · $5.1B
| AAPL Apple Inc. | 7.76% | 1,446,671 | $393.3M | Reduce -7.1% |
| NVDA Nvidia Corp. | 7.22% | 1,961,961 | $365.9M | Reduce -5.8% |
| MSFT Microsoft Corp. | 5.37% | 562,521 | $272.0M | Add +5.9% |
| AMZN Amazon.com Inc. | 3.27% | 717,377 | $165.6M | Reduce -6.2% |
| GOOGL Alphabet Inc. Class A | 2.60% | 420,909 | $131.7M | Reduce -19.1% |
| META Meta Platforms Inc. Class A | 2.54% | 194,598 | $128.5M | Add +23.8% |
| TSLA Tesla Inc. | 2.24% | 251,824 | $113.3M | Add +9.4% |
| AVGO Broadcom Inc. | 2.21% | 323,390 | $111.9M | Reduce -34.3% |
| GOOG Alphabet Inc. Class C | 1.76% | 283,365 | $88.9M | Reduce -6.2% |
| LRCX Lam Research Corp. | 1.69% | 498,958 | $85.4M | Add +65.8% |
| CSCO Cisco Systems Inc. | 1.56% | 1,025,623 | $79.0M | Add +1.0% |
| NFLX Netflix Inc. | 1.43% | 774,913 | $72.7M | Add +25.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.26% | 561,226 | $63.9M | Add +102.4% |
| AMD Advanced Micro Devices | 1.10% | 259,108 | $55.5M | Add +12.5% |
| COST Costco Wholesale Corp. | 1.07% | 62,935 | $54.3M | Add +2.7% |
| PLTR Palantir Technologies Inc. Class A | 1.03% | 293,952 | $52.2M | Add +4.1% |
| MU Micron Technology Inc. | 0.98% | 173,742 | $49.6M | Add +32.1% |
| CTSH Cognizant Tech Solutions-A | 0.92% | 560,198 | $46.5M | Add +102.2% |
| AFL Aflac Inc. | 0.90% | 414,369 | $45.7M | Add +120.9% |
| WMT Walmart Inc. | 0.90% | 408,691 | $45.5M | Add +31.3% |
| XOM Exxon Mobil Corp. | 0.77% | 326,027 | $39.2M | Add +1.5% |
| EBAY eBay Inc. | 0.77% | 446,680 | $38.9M | Add +95.9% |
| SEPI Shelton Eqty Premium Inc. ETF | 0.75% | 1,452,500 | $38.2M | Add +313.6% |
| ANET Arista Networks Inc. | 0.75% | 288,481 | $37.8M | Add +87.2% |
| LUV Southwest Airlines Co. | 0.74% | 911,255 | $37.7M | Add +103.2% |
| ISRG Intuitive Surgical Inc. | 0.72% | 64,681 | $36.6M | Add +1.3% |
| CVS CVS Health Corp. | 0.70% | 443,897 | $35.2M | Add +153.5% |
| TMUS T-Mobile US Inc. | 0.65% | 161,232 | $32.7M | Add +17.5% |
| NTAP Netapp Inc. | 0.64% | 304,789 | $32.6M | Add +9.4% |
| LIN Linde PLC | 0.64% | 76,397 | $32.6M | Add +1.4% |
| BSX Boston Scientific Corp. | 0.64% | 340,094 | $32.4M | Add +175.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.63% | 63,859 | $32.1M | No change |
| KO The Coca-Cola Co. | 0.63% | 457,535 | $32.0M | Add +94.0% |
| INTU Intuit Inc. | 0.59% | 45,346 | $30.0M | Add +2.1% |
| MRK Merck & Co. Inc. | 0.58% | 279,686 | $29.4M | Add +49.0% |
| APH Amphenol Corp. Class A | 0.58% | 217,557 | $29.4M | Add +27.1% |
| BKNG Booking Holdings Inc. | 0.58% | 5,451 | $29.2M | Add +1.5% |
| PANW Palo Alto Networks Inc. | 0.57% | 157,467 | $29.0M | Add +6.4% |
| MS Morgan Stanley | 0.57% | 163,379 | $29.0M | Add +131.9% |
| QCOM Qualcomm Inc. | 0.56% | 166,007 | $28.4M | Add +26.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.56% | 184,090 | $28.3M | Add +145.6% |
| VZ Verizon Communications Inc. | 0.56% | 694,229 | $28.3M | Add +26.5% |
| AMAT Applied Materials Inc. | 0.53% | 104,219 | $26.8M | Reduce -1.7% |
| AMGN Amgen Inc. | 0.52% | 80,522 | $26.4M | Reduce -2.3% |
| CEG Constellation Energy | 0.52% | 74,308 | $26.3M | Add +2.9% |
| CMCSA Comcast Corp. Class A | 0.52% | 877,586 | $26.2M | Reduce -8.7% |
| JNJ Johnson & Johnson | 0.52% | 126,155 | $26.1M | Reduce -16.9% |
| NEM Newmont Corp. | 0.50% | 253,616 | $25.3M | Add +18.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.50% | 457,536 | $25.2M | Reduce -23.4% |
| GM General Motors Co. | 0.50% | 308,892 | $25.1M | Add +6.9% |
| APP AppLovin Corp. Class A | 0.49% | 36,535 | $24.6M | Add +3.0% |
| TXN Texas Instruments Inc. | 0.47% | 136,133 | $23.6M | Add +1.5% |
| PEP Pepsico Inc. | 0.47% | 164,510 | $23.6M | Add +13.8% |
| ADBE Adobe Inc. | 0.45% | 65,142 | $22.8M | Add +11.7% |
| MA Mastercard Inc. Class A | 0.45% | 39,615 | $22.6M | Add +18.6% |
| SHOP Shopify Inc. Class A | 0.44% | 139,413 | $22.4M | Add +3.6% |
| ORLY O'reilly Automotive Inc. | 0.43% | 240,546 | $21.9M | Add +50.2% |
| INTC Intel Corp. | 0.43% | 589,213 | $21.7M | Add +29.3% |
| JCI Johnson Controls Internation | 0.43% | 179,866 | $21.5M | Add +40.9% |
| RTX RTX Corp. | 0.42% | 115,843 | $21.2M | Reduce -20.6% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.41% | 741,843 | $20.9M | Add +146.0% |
| CDNS Cadence Design SYS Inc. | 0.41% | 66,218 | $20.7M | Add +1.3% |
| TT Trane Technologies PLC | 0.40% | 51,913 | $20.2M | No change |
| LLY Eli Lilly & Co. | 0.40% | 18,786 | $20.2M | Add +13.3% |
| MNST Monster Beverage Corp. | 0.38% | 254,329 | $19.5M | Reduce -35.1% |
| KLAC KLA Corp. | 0.38% | 15,898 | $19.3M | Add +2.4% |
| HD Home Depot Inc. | 0.37% | 54,410 | $18.7M | Add +0.2% |
| DASH DoorDash Inc. Class A | 0.37% | 81,942 | $18.6M | Add +3.0% |
| GILD Gilead Sciences Inc. | 0.36% | 148,219 | $18.2M | Add +2.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.36% | 38,452 | $18.0M | Add +5.6% |
| NXPI NXP Semiconductors NV | 0.35% | 81,791 | $17.8M | Add +0.6% |
| C Citigroup Inc. | 0.35% | 151,422 | $17.7M | Add +16.6% |
| AKAM Akamai Technologies Inc. | 0.34% | 199,131 | $17.4M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.33% | 37,241 | $16.9M | Add +1.5% |
| BA The Boeing Co. | 0.33% | 77,424 | $16.8M | Reduce -1.7% |
| CVX Chevron Corp. | 0.33% | 108,957 | $16.6M | Reduce -0.5% |
| CAT Caterpillar Inc. | 0.32% | 28,352 | $16.2M | Reduce -33.7% |
| ADI Analog Devices Inc. | 0.32% | 59,522 | $16.1M | Add +1.7% |
| TRV The Travelers Cos Inc. | 0.32% | 55,183 | $16.0M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.31% | 136,522 | $15.8M | Add +2.2% |
| CBRE CBRE Group Inc. Class A | 0.31% | 96,342 | $15.5M | Add +20.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 50,794 | $15.0M | Add +23.9% |
| ADP Automatic Data Processing | 0.29% | 58,086 | $14.9M | Add +2.3% |
| CRM Salesforce Inc. | 0.29% | 56,199 | $14.9M | Add +26.3% |
| HON Honeywell International Inc. | 0.29% | 76,179 | $14.9M | Add +1.9% |
| AXP American Express Co. | 0.28% | 38,687 | $14.3M | Reduce -13.0% |
| JPM JPMorgan Chase & Co. | 0.28% | 43,680 | $14.1M | Reduce -0.5% |
| PYPL PayPal Holdings Inc. | 0.28% | 240,132 | $14.0M | Reduce -43.6% |
| REGN Regeneron Pharmaceuticals | 0.27% | 17,847 | $13.8M | Add +19.1% |
| DE Deere & Co. | 0.26% | 28,667 | $13.3M | Reduce -13.7% |
| SCHW Schwab (charles) Corp. | 0.26% | 132,558 | $13.2M | Add +36.6% |
| PG The Procter & Gamble Co. | 0.25% | 88,721 | $12.7M | Add +3.2% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 232,593 | $12.5M | Reduce -38.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.24% | 11,537 | $12.3M | Add +6.5% |
| SBUX Starbucks Corp. | 0.24% | 144,421 | $12.2M | Add +18.7% |
| EMR Emerson Electric Co. | 0.24% | 91,383 | $12.1M | Reduce 0.0% |
| GS Goldman Sachs Group Inc. | 0.24% | 13,662 | $12.0M | Reduce -22.6% |
| V Visa Inc. Class A | 0.23% | 33,660 | $11.8M | Reduce -3.0% |
| MELI MercadoLibre Inc. | 0.23% | 5,781 | $11.6M | Add +3.2% |
| UNH Unitedhealth Group Inc. | 0.22% | 34,072 | $11.2M | No change |
Options reported separately and not counted above: WLDN puts ($97K), NVDA puts ($76K), AAPL puts ($66K), NUE puts ($18K).
Portfolio Sells Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Reduce -34.3% | 2.21% | −1.27 |
| NVDA Nvidia Corp. | Reduce -5.8% | 7.22% | −1.10 |
| AAPL Apple Inc. | Reduce -7.1% | 7.76% | −0.73 |
| HPQ HP Inc. | Sold out | 0.00% | −0.54 |
| FTNT Fortinet Inc. | Reduce -74.0% | 0.14% | −0.47 |
| PYPL PayPal Holdings Inc. | Reduce -43.6% | 0.28% | −0.34 |
| AMZN Amazon.com Inc. | Reduce -6.2% | 3.27% | −0.33 |
| MSGS Madison Square Garden Sports | Sold out | 0.00% | −0.31 |
| NKE Nike Inc. Class B | Reduce -77.9% | 0.05% | −0.21 |
| MNST Monster Beverage Corp. | Reduce -35.1% | 0.38% | −0.18 |
| BAC Bank of America Corp. | Reduce -23.4% | 0.50% | −0.16 |
| SO The Southern Co. | Reduce -29.1% | 0.20% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -8.7% | 0.52% | −0.13 |
| BMY Bristol-Myers Squibb Co. | Reduce -38.9% | 0.25% | −0.12 |
| CAT Caterpillar Inc. | Reduce -33.7% | 0.32% | −0.12 |
| GOOGL Alphabet Inc. Class A | Reduce -19.1% | 2.60% | −0.11 |
| FAST Fastenal Co. | Reduce -20.2% | 0.16% | −0.10 |
| RTX RTX Corp. | Reduce -20.6% | 0.42% | −0.10 |
| ULTA Ulta Beauty Inc. | Reduce -39.2% | 0.16% | −0.10 |
| JNJ Johnson & Johnson | Reduce -16.9% | 0.52% | −0.09 |
| ACN Accenture PLC Class A | Reduce -30.1% | 0.17% | −0.07 |
| GS Goldman Sachs Group Inc. | Reduce -22.6% | 0.24% | −0.06 |
| DE Deere & Co. | Reduce -13.7% | 0.26% | −0.06 |
| CDW CDW Corp. | Sold out | 0.00% | −0.05 |
| TTD Trade Desk Inc./the Class A | Reduce -68.4% | 0.01% | −0.05 |
| GFS Globalfoundries Inc. | Sold out | 0.00% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -44.4% | 0.06% | −0.04 |
| ON On Semiconductor | Sold out | 0.00% | −0.04 |
| TFC Truist Financial Corp. | Reduce -30.4% | 0.09% | −0.04 |
| DAR Darling Ingredients Inc. | Reduce -90.8% | 0.00% | −0.04 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.04 |
| CVX Chevron Corp. | Reduce -0.5% | 0.33% | −0.04 |
| ABBV Abbvie Inc. | Reduce -6.0% | 0.21% | −0.04 |
| CAH Cardinal Health Inc. | Reduce -41.0% | 0.09% | −0.04 |
| AXP American Express Co. | Reduce -13.0% | 0.28% | −0.03 |
| BA The Boeing Co. | Reduce -1.7% | 0.33% | −0.03 |
| CC The Chemours Co. | Sold out | 0.00% | −0.03 |
| LEU Centrus Energy Corp. Class A | Reduce -19.5% | 0.04% | −0.03 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.03 |
| DVA Davita Inc. | Reduce -10.1% | 0.05% | −0.02 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −0.02 |
| MRSH Marsh & McLennan Cos | Reduce -30.9% | 0.03% | −0.02 |
| V Visa Inc. Class A | Reduce -3.0% | 0.23% | −0.02 |
| ACM Aecom | Reduce -1.0% | 0.04% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.5% | 0.28% | −0.02 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -13.3% | 0.14% | −0.02 |
| EMR Emerson Electric Co. | Reduce 0.0% | 0.24% | −0.02 |
| UNP Union Pacific Corp. | Reduce -0.6% | 0.15% | −0.02 |
| DVN Devon Energy Corp. | Reduce -24.4% | 0.04% | −0.02 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| LRCX Lam Research Corp. | Add +65.8% | 1.69% | +0.82 |
| DIS The Walt Disney Co. | Add +102.4% | 1.26% | +0.58 |
| SEPI Shelton Eqty Premium Inc. ETF | Add +313.6% | 0.75% | +0.56 |
| CTSH Cognizant Tech Solutions-A | Add +102.2% | 0.92% | +0.52 |
| MU Micron Technology Inc. | Add +32.1% | 0.98% | +0.51 |
| AFL Aflac Inc. | Add +120.9% | 0.90% | +0.45 |
| LUV Southwest Airlines Co. | Add +103.2% | 0.74% | +0.44 |
| CVS CVS Health Corp. | Add +153.5% | 0.70% | +0.41 |
| BSX Boston Scientific Corp. | Add +175.4% | 0.64% | +0.38 |
| AKAM Akamai Technologies Inc. | New | 0.34% | +0.34 |
| MS Morgan Stanley | Add +131.9% | 0.57% | +0.33 |
| TJX TJX Companies Inc. | Add +145.6% | 0.56% | +0.33 |
| EBAY eBay Inc. | Add +95.9% | 0.77% | +0.32 |
| AMD Advanced Micro Devices | Add +12.5% | 1.10% | +0.30 |
| KO The Coca-Cola Co. | Add +94.0% | 0.63% | +0.30 |
| ANET Arista Networks Inc. | Add +87.2% | 0.75% | +0.27 |
| MRK Merck & Co. Inc. | Add +49.0% | 0.58% | +0.24 |
| WMT Walmart Inc. | Add +31.3% | 0.90% | +0.21 |
| VICI Vici Properties Inc. | Add +146.0% | 0.41% | +0.20 |
| SYF Synchrony Financial | New | 0.20% | +0.20 |
| CNP Centerpoint Energy Inc. | Add +893.3% | 0.19% | +0.17 |
| WDC Western Digital Corp. | Add +2190.7% | 0.15% | +0.14 |
| STX Seagate Technology Holdings | Add +2110.2% | 0.14% | +0.13 |
| LLY Eli Lilly & Co. | Add +13.3% | 0.40% | +0.13 |
| APH Amphenol Corp. Class A | Add +27.1% | 0.58% | +0.13 |
| JCI Johnson Controls Internation | Add +40.9% | 0.43% | +0.12 |
| GM General Motors Co. | Add +6.9% | 0.50% | +0.12 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.12% | +0.12 |
| NEM Newmont Corp. | Add +18.4% | 0.50% | +0.11 |
| ISRG Intuitive Surgical Inc. | Add +1.3% | 0.72% | +0.11 |
| FER Ferrovial NV | New | 0.11% | +0.11 |
| INTC Intel Corp. | Add +29.3% | 0.43% | +0.10 |
| MPWR Monolithic Power Systems Inc. | Add +2045.7% | 0.10% | +0.10 |
| DHI D.R. Horton Inc. | Add +2173.9% | 0.10% | +0.09 |
| REGN Regeneron Pharmaceuticals | Add +19.1% | 0.27% | +0.09 |
| QCOM Qualcomm Inc. | Add +26.0% | 0.56% | +0.09 |
| INSM Insmed Inc. | New | 0.08% | +0.08 |
| NUE Nucor Corp. | Add +65.2% | 0.18% | +0.08 |
| CSCO Cisco Systems Inc. | Add +1.0% | 1.56% | +0.07 |
| CRM Salesforce Inc. | Add +26.3% | 0.29% | +0.07 |
| C Citigroup Inc. | Add +16.6% | 0.35% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +141.5% | 0.10% | +0.06 |
| ORLY O'reilly Automotive Inc. | Add +50.2% | 0.43% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +36.6% | 0.26% | +0.06 |
| META Meta Platforms Inc. Class A | Add +23.8% | 2.54% | +0.06 |
| NRG NRG Energy Inc. | New | 0.06% | +0.06 |
| LDOS Leidos Holdings Inc. | New | 0.06% | +0.06 |
| NSC Norfolk Southern Corp. | Add +819.0% | 0.06% | +0.06 |
| IBM Intl Business Machines Corp. | Add +23.9% | 0.30% | +0.05 |
| WBD Warner Bros Discovery Inc. | Add +2.3% | 0.17% | +0.05 |
Options Activity Q3 2025 → Q4 2025
| ACN Accenture PLC Class A | put | Sold out | 13,500 | $743Kbefore exit |
| NVDA Nvidia Corp. | put | Reduce -20.9% | 194,500 | $76K |
| AAPL Apple Inc. | put | Reduce -9.6% | 79,300 | $66K |
| NUE Nucor Corp. | put | New | 33,100 | $18K |
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 |