Sherman Asset Management, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Sherman Asset Management, Inc. reported 146 stock positions worth $112.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 17.9% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 9.6%) and iShares Core S&P Small-Cap E (IJR, 6.8%). Compared with Q1 2025, it opened 4 new positions, sold out of 10, added to 17 and reduced 42. The biggest buy was Tesla (TSLA, shares +338%) and the biggest sale an exit from Broadcom (AVGO).

Most Recent 13F
Q2 2026
Location
VENTURA, CA
CIK
0001736535
Portfolio Value
$112.8M (Q2 2025)
SEC Filing
0001736535-25-000005 ↗ filed Aug 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q4 2024: $109.3M Q4 2024 Q1 2025: $104.7M Q1 2025 Q2 2025: $112.8M $112.8M Q2 2025 Q3 2025: $115.9M Q3 2025 Q4 2025: $118.1M Q4 2025 Q1 2026: $108.7M Q1 2026 Q2 2026: $128.9M Q2 2026

Holdings 146 stocks · $112.8M
IVV iShares Core S&P 500 ETF 17.87% 32,458 $20.2M Reduce -6.3%
VTI VG Morningstar TS MKT ETF-US 9.58% 35,552 $10.8M Add +0.0%
IJR iShares Core S&P Small-Cap E 6.85% 72,877 $7.7M Reduce 0.0%
XLK SS Technology Select Sector 6.65% 29,600 $7.5M Reduce -3.5%
TSLA Tesla Inc. 4.89% 17,366 $5.5M Add +337.9%
META Meta Platforms Inc. Class A 3.65% 5,573 $4.1M No change
MSFT Microsoft Corp. 3.52% 7,986 $4.0M Reduce -0.0%
GOOGL Alphabet Inc. Class A 2.99% 19,139 $3.4M No change
AAPL Apple Inc. 2.72% 14,939 $3.1M No change
BND Vanguard Total Bond Market 2.61% 39,950 $2.9M Add +0.8%
VEA Vanguard Ftse Developed ETF 2.57% 50,916 $2.9M Reduce 0.0%
CIBR First Trust Nasdaq Cybersecu 2.48% 37,042 $2.8M Reduce -6.9%
IJH iShares Core S&P Midcap ETF 1.96% 35,646 $2.2M Reduce -0.6%
SPDW Ste STR SPDR PT DW Eu ETF 1.81% 50,501 $2.0M Add +0.7%
VNQ Vanguard Real Estate ETF 1.68% 21,322 $1.9M Add +18.5%
AMZN Amazon.com Inc. 1.63% 8,363 $1.8M No change
SPSM SS SPDR P S&P 600 Small Cap 1.56% 41,391 $1.8M Reduce -36.3%
SCHP Schwab U.S. Tips ETF 1.19% 50,350 $1.3M Add +0.7%
BIL SS SPDR BB 1-3M T-Bill ETF 1.11% 13,680 $1.3M New
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.10% 4,448 $1.2M Reduce -7.5%
NVDA Nvidia Corp. 1.08% 7,701 $1.2M No change
TSM Taiwan Semiconductor-SP ADR 0.96% 4,787 $1.1M Reduce -0.0%
XLY SS Consumer Disc Select Sect 0.91% 4,744 $1.0M Add +128.4%
SCHO Schwab Short-Term US Treas 0.84% 38,821 $946K Add +1.2%
COST Costco Wholesale Corp. 0.81% 917 $909K Reduce -0.1%
XLV SS Health Care Select Sector 0.76% 6,317 $852K Add +24.5%
XLF SS Financial Select Sector 0.71% 15,355 $804K Add +72.5%
WMT Walmart Inc. 0.67% 7,743 $757K No change
MA Mastercard Inc. Class A 0.63% 1,264 $711K Reduce -0.1%
LLY Eli Lilly & Co. 0.60% 865 $675K No change
V Visa Inc. Class A 0.58% 1,847 $656K No change
MCD McDonald's Corp. 0.52% 2,009 $587K Reduce -0.1%
XLC SS Comm Select Sector SPDR 0.47% 4,844 $526K No change
XLP SS Consumer Staples Sel Sect 0.43% 5,971 $483K No change
ESGU iShares ESG Aware MSCI USA 0.42% 3,537 $479K Add +1.0%
XBI SS SPDR S&P Biotech ETF 0.41% 5,616 $466K Reduce -33.1%
PG The Procter & Gamble Co. 0.38% 2,673 $426K Reduce -0.0%
KOMP SS SPDR S&P Kensho Ne Comp 0.37% 7,594 $413K Reduce -52.5%
ESGD iShares Trust iShares ESG Aw 0.36% 4,500 $401K No change
FLOT iShares Floating Rate Bond E 0.32% 7,082 $361K Add +0.4%
ESGV Vanguard ESG US Stock ETF 0.31% 3,200 $351K New
NFLX Netflix Inc. 0.30% 249 $333K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.27% 3,229 $308K Add +7.5%
CRPT FT Skybr Crypt & Dig Econ 0.27% 13,198 $306K Reduce -20.7%
ABT Abbott Laboratories 0.27% 2,212 $301K No change
XLRE SS Real Estate Select Sector 0.25% 6,855 $284K No change
CYBR Cyberark Software Ltd./Israel 0.24% 660 $269K Reduce -22.1%
JNJ Johnson & Johnson 0.24% 1,742 $266K Reduce -30.1%
SCHM Schwab US Mid Cap ETF 0.23% 9,189 $258K No change
ORCL Oracle Corp. 0.22% 1,125 $246K No change
KO The Coca-Cola Co. 0.21% 3,416 $242K Reduce -0.0%
VGT Vanguard Info Tech ETF 0.21% 354 $235K No change
WTAI Wisdomtree AI and Innovation 0.20% 9,116 $224K Add +0.5%
GILD Gilead Sciences Inc. 0.19% 1,920 $213K No change
CMF iShares California Muni Bond 0.18% 3,744 $209K Add +5.1%
UBER Uber Technologies Inc. 0.18% 2,232 $208K No change
WM Waste Management Inc. 0.18% 883 $202K No change
SBUX Starbucks Corp. 0.17% 2,148 $197K Reduce -31.6%
AMGN Amgen Inc. 0.17% 695 $194K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 1,527 $189K Reduce -31.6%
XSW SS SPDR S&P Soft & Serv ETF 0.16% 955 $181K Reduce -24.3%
JPM JPMorgan Chase & Co. 0.15% 570 $165K No change
MS Morgan Stanley 0.15% 1,162 $164K No change
MRK Merck & Co. Inc. 0.14% 1,964 $156K Reduce -0.1%
GS Goldman Sachs Group Inc. 0.14% 219 $155K No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.13% 1,973 $148K No change
QQQ Invesco QQQ Trust Series 1 0.13% 257 $142K Add +2.0%
PLD Prologis Inc. 0.12% 1,329 $140K No change
WFC Wells Fargo & Co. 0.12% 1,729 $139K No change
BMY Bristol-Myers Squibb Co. 0.12% 2,849 $132K No change
BRK.B Berkshire Hathaway Inc. Class B 0.11% 260 $126K No change
C Citigroup Inc. 0.11% 1,482 $126K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.11% 702 $124K Reduce -0.7%
YUM Yum! Brands Inc. 0.11% 832 $123K No change
BLK BlackRock Inc. 0.11% 117 $123K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 2,546 $120K No change
PFE Pfizer Inc. 0.10% 4,833 $117K No change
XHE SS SPDR S&P HC Equip ETF 0.10% 1,405 $114K Reduce -49.5%
EQIX Equinix Inc. 0.10% 143 $114K No change
T AT&T Inc. 0.10% 3,897 $113K No change
BATT Amplify Lithium Battery Tech 0.10% 11,928 $111K Reduce -15.6%
SCHW Schwab (charles) Corp. 0.10% 1,214 $111K Reduce -19.7%
KR Kroger Co. 0.10% 1,506 $108K Reduce -0.1%
AVB Avalonbay Communities Inc. 0.10% 528 $107K No change
PEP Pepsico Inc. 0.09% 801 $106K Reduce -33.8%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.09% 1,505 $102K No change
VZ Verizon Communications Inc. 0.09% 2,315 $100K Reduce -17.1%
PSA Public Storage 0.09% 338 $99K No change
MAA Mid-America Apartment Comm 0.09% 663 $98K No change
AMT American Tower Corp. 0.09% 439 $97K No change
EXR Extra Space Storage Inc. 0.08% 626 $92K No change
CRM Salesforce Inc. 0.08% 333 $91K No change
CSCO Cisco Systems Inc. 0.08% 1,267 $88K No change
SBAC SBA Communications Corp. 0.07% 357 $84K No change
UNH Unitedhealth Group Inc. 0.07% 260 $81K No change
DOC Healthpeak Properties Inc. 0.07% 4,630 $81K No change
CL Colgate-Palmolive Co. 0.06% 772 $70K No change
TGT Target Corp. 0.06% 667 $66K Reduce -57.4%
ADBE Adobe Inc. 0.05% 153 $59K No change
BIZD Vaneck BDC Income ETF 0.05% 3,508 $57K New

Show all 146 holdings

Portfolio Sells Q1 2025 → Q2 2025
AVGO Broadcom Inc. Sold out 0.00% −3.81
SPSM SS SPDR P S&P 600 Small Cap Reduce -36.3% 1.56% −0.97
IVV iShares Core S&P 500 ETF Reduce -6.3% 17.87% −0.72
IJR iShares Core S&P Small-Cap E Reduce 0.0% 6.85% −0.43
SUSA iShares ESG Optimized MSCI U Sold out 0.00% −0.37
KOMP SS SPDR S&P Kensho Ne Comp Reduce -52.5% 0.37% −0.34
XBI SS SPDR S&P Biotech ETF Reduce -33.1% 0.41% −0.24
JNJ Johnson & Johnson Reduce -30.1% 0.24% −0.16
SBUX Starbucks Corp. Reduce -31.6% 0.17% −0.12
XHE SS SPDR S&P HC Equip ETF Reduce -49.5% 0.10% −0.12
TGT Target Corp. Reduce -57.4% 0.06% −0.10
HLT Hilton Worldwide Holdings Inc. Reduce -73.7% 0.04% −0.09
CMCSA Comcast Corp. Class A Reduce -90.5% 0.01% −0.09
TMO Thermo Fisher Scientific Inc. Reduce -58.3% 0.04% −0.09
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -7.5% 1.10% −0.08
PEP Pepsico Inc. Reduce -33.8% 0.09% −0.08
MCD McDonald's Corp. Reduce -0.1% 0.52% −0.08
PG The Procter & Gamble Co. Reduce -0.0% 0.38% −0.06
FBT First Trust Nyse Arca Biotec Sold out 0.00% −0.05
ABNB Airbnb Inc. Class A Reduce -64.0% 0.03% −0.05
DIS The Walt Disney Co. Reduce -31.6% 0.17% −0.04
ROBT First Trust Nasdaq Artificia Sold out 0.00% −0.04
IJH iShares Core S&P Midcap ETF Reduce -0.6% 1.96% −0.04
PYPL PayPal Holdings Inc. Reduce -66.0% 0.02% −0.04
CYBR Cyberark Software Ltd./Israel Reduce -22.1% 0.24% −0.04
VZ Verizon Communications Inc. Reduce -17.1% 0.09% −0.03
MA Mastercard Inc. Class A Reduce -0.1% 0.63% −0.03
XSW SS SPDR S&P Soft & Serv ETF Reduce -24.3% 0.16% −0.03
MRK Merck & Co. Inc. Reduce -0.1% 0.14% −0.03
XYZ Block Inc. Sold out 0.00% −0.03
WH Wyndham Hotels & Resorts Inc. Reduce -52.0% 0.02% −0.03
COST Costco Wholesale Corp. Reduce -0.1% 0.81% −0.02
GIS General Mills Inc. Reduce -24.5% 0.03% −0.02
KO The Coca-Cola Co. Reduce -0.0% 0.21% −0.02
SYY Sysco Corp. Reduce -58.7% 0.01% −0.02
ADM Archer-Daniels-Midland Co. Reduce -37.0% 0.03% −0.02
SCHW Schwab (charles) Corp. Reduce -19.7% 0.10% −0.01
BATT Amplify Lithium Battery Tech Reduce -15.6% 0.10% −0.01
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.7% 0.11% −0.01
AVTR Avantor Inc. Sold out 0.00% −0.00
DXCM Dexcom Inc. Sold out 0.00% −0.00
KR Kroger Co. Reduce -0.1% 0.10% −0.00
APLS Apellis Pharmaceuticals Inc. Sold out 0.00% −0.00
DNLI Denali Therapeutics Inc. Sold out 0.00% −0.00
VOO Vanguard S&P 500 ETF Reduce -1.1% 0.04% +0.00
CRPT FT Skybr Crypt & Dig Econ Reduce -20.7% 0.27% +0.08
CIBR First Trust Nasdaq Cybersecu Reduce -6.9% 2.48% +0.09
VEA Vanguard Ftse Developed ETF Reduce 0.0% 2.57% +0.10
TSM Taiwan Semiconductor-SP ADR Reduce -0.0% 0.96% +0.20

Portfolio Buys Q1 2025 → Q2 2025
TSLA Tesla Inc. Add +337.9% 4.89% +3.91
BIL SS SPDR BB 1-3M T-Bill ETF New 1.11% +1.11
XLY SS Consumer Disc Select Sect Add +128.4% 0.91% +0.52
ESGV Vanguard ESG US Stock ETF New 0.31% +0.31
XLF SS Financial Select Sector Add +72.5% 0.71% +0.29
VTI VG Morningstar TS MKT ETF-US Add +0.0% 9.58% +0.25
VNQ Vanguard Real Estate ETF Add +18.5% 1.68% +0.13
SPDW Ste STR SPDR PT DW Eu ETF Add +0.7% 1.81% +0.07
BIZD Vaneck BDC Income ETF New 0.05% +0.05
XLV SS Health Care Select Sector Add +24.5% 0.76% +0.05
SPYG SS SPDR P S&P 500 Growth ETF Add +7.5% 0.27% +0.04
WTAI Wisdomtree AI and Innovation Add +0.5% 0.20% +0.03
ESGU iShares ESG Aware MSCI USA Add +1.0% 0.42% +0.02
QQQ Invesco QQQ Trust Series 1 Add +2.0% 0.13% +0.01
OKTA Okta Inc. New 0.00% +0.00
ESML iShares ESG Aware MSCI USA S Add +1.8% 0.05% +0.00
CMF iShares California Muni Bond Add +5.1% 0.18% −0.01
FLOT iShares Floating Rate Bond E Add +0.4% 0.32% −0.02
SCHO Schwab Short-Term US Treas Add +1.2% 0.84% −0.05
SCHP Schwab U.S. Tips ETF Add +0.7% 1.19% −0.09
BND Vanguard Total Bond Market Add +0.8% 2.61% −0.17

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 136$128.9MIVV, VTI, XLK, IJR, GOOGL
Q1 2026 154$108.7MIVV, VTI, IJR, XLK, GOOGL
Q4 2025 144$118.1MIVV, VTI, IJR, XLK, GOOGL
Q3 2025 143$115.9MIVV, VTI, IJR, XLK, GOOGL
Q2 2025 146$112.8MIVV, VTI, IJR, XLK, TSLA
Q1 2025 152$104.7MIVV, VTI, IJR, XLK, AVGO
Q4 2024 176$109.3MIVV, VTI, IJR, XLK, LLY