Sherman Asset Management, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Sherman Asset Management, Inc. reported 143 stock positions worth $115.9 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 18.8% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 9.8%) and iShares Core S&P Small-Cap E (IJR, 7.4%). Compared with Q2 2025, it opened 2 new positions, sold out of 5, added to 11 and reduced 45. The biggest buy was Oracle (ORCL, shares +1239%) and the biggest sale Tesla (TSLA, shares −77%).

Most Recent 13F
Q2 2026
Location
VENTURA, CA
CIK
0001736535
Portfolio Value
$115.9M (Q3 2025)
SEC Filing
0001736535-25-000007 ↗ filed Nov 5, 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 Q2 2025 Q3 2025: $115.9M $115.9M Q3 2025 Q4 2025: $118.1M Q4 2025 Q1 2026: $108.7M Q1 2026 Q2 2026: $128.9M Q2 2026

Holdings 143 stocks · $115.9M
IVV iShares Core S&P 500 ETF 18.78% 32,517 $21.8M Add +0.2%
VTI VG Morningstar TS MKT ETF-US 9.84% 34,749 $11.4M Reduce -2.3%
IJR iShares Core S&P Small-Cap E 7.43% 72,475 $8.6M Reduce -0.6%
XLK SS Technology Select Sector 7.17% 29,499 $8.3M Reduce -0.3%
GOOGL Alphabet Inc. Class A 3.98% 18,982 $4.6M Reduce -0.8%
ORCL Oracle Corp. 3.66% 15,065 $4.2M Add +1239.1%
MSFT Microsoft Corp. 3.52% 7,868 $4.1M Reduce -1.5%
AAPL Apple Inc. 3.28% 14,939 $3.8M No change
META Meta Platforms Inc. Class A 3.25% 5,137 $3.8M Reduce -7.8%
BND Vanguard Total Bond Market 2.57% 39,985 $3.0M Add +0.1%
CIBR First Trust Nasdaq Cybersecu 2.43% 37,035 $2.8M Reduce -0.0%
IJH iShares Core S&P Midcap ETF 2.01% 35,646 $2.3M No change
SPDW Ste STR SPDR PT DW Eu ETF 1.84% 49,761 $2.1M Reduce -1.5%
VNQ Vanguard Real Estate ETF 1.69% 21,441 $2.0M Add +0.6%
AMZN Amazon.com Inc. 1.58% 8,363 $1.8M No change
SPSM SS SPDR P S&P 600 Small Cap 1.58% 39,577 $1.8M Reduce -4.4%
TSLA Tesla Inc. 1.52% 3,966 $1.8M Reduce -77.2%
SCHP Schwab U.S. Tips ETF 1.16% 49,980 $1.3M Reduce -0.7%
TSM Taiwan Semiconductor-SP ADR 1.15% 4,787 $1.3M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.14% 4,515 $1.3M Add +1.5%
BIL SS SPDR BB 1-3M T-Bill ETF 1.12% 14,090 $1.3M Add +3.0%
XLY SS Consumer Disc Select Sect 0.98% 4,749 $1.1M Add +0.1%
NVDA Nvidia Corp. 0.81% 5,010 $935K Reduce -34.9%
SCHO Schwab Short-Term US Treas 0.79% 37,681 $919K Reduce -2.9%
XLV SS Health Care Select Sector 0.76% 6,323 $880K Add +0.1%
COST Costco Wholesale Corp. 0.73% 917 $850K No change
XLF SS Financial Select Sector 0.71% 15,376 $828K Add +0.1%
WMT Walmart Inc. 0.69% 7,743 $798K No change
VEA Vanguard Ftse Developed ETF 0.64% 12,388 $742K Reduce -75.7%
LLY Eli Lilly & Co. 0.57% 865 $660K No change
MA Mastercard Inc. Class A 0.56% 1,136 $647K Reduce -10.1%
MCD McDonald's Corp. 0.53% 2,009 $611K No change
XLC SS Comm Select Sector SPDR 0.49% 4,844 $573K No change
V Visa Inc. Class A 0.48% 1,640 $560K Reduce -11.2%
ESGU iShares ESG Aware MSCI USA 0.47% 3,712 $540K Add +5.0%
XLP SS Consumer Staples Sel Sect 0.40% 5,971 $468K No change
ESGV Vanguard ESG US Stock ETF 0.33% 3,200 $379K No change
ESGD iShares Trust iShares ESG Aw 0.33% 4,051 $377K Reduce -10.0%
FLOT iShares Floating Rate Bond E 0.31% 7,019 $359K Reduce -0.9%
SPYG SS SPDR P S&P 500 Growth ETF 0.28% 3,160 $330K Reduce -2.1%
KOMP SS SPDR S&P Kensho Ne Comp 0.28% 5,260 $328K Reduce -30.7%
CYBR Cyberark Software Ltd./Israel 0.28% 660 $319K No change
XBI SS SPDR S&P Biotech ETF 0.27% 3,081 $309K Reduce -45.1%
NFLX Netflix Inc. 0.26% 249 $299K No change
CRPT FT Skybr Crypt & Dig Econ 0.25% 13,198 $294K No change
JNJ Johnson & Johnson 0.23% 1,466 $272K Reduce -15.8%
SCHM Schwab US Mid Cap ETF 0.22% 8,784 $260K Reduce -4.4%
VGT Vanguard Info Tech ETF 0.22% 340 $254K Reduce -4.0%
KO The Coca-Cola Co. 0.20% 3,416 $227K No change
UBER Uber Technologies Inc. 0.19% 2,232 $219K No change
CMF iShares California Muni Bond 0.18% 3,744 $214K No change
GILD Gilead Sciences Inc. 0.18% 1,920 $213K No change
PG The Procter & Gamble Co. 0.17% 1,280 $197K Reduce -52.1%
AMGN Amgen Inc. 0.17% 695 $196K No change
WM Waste Management Inc. 0.17% 883 $195K No change
ABT Abbott Laboratories 0.16% 1,418 $190K Reduce -35.9%
MS Morgan Stanley 0.16% 1,162 $185K No change
SBUX Starbucks Corp. 0.16% 2,148 $182K No change
JPM JPMorgan Chase & Co. 0.16% 570 $180K No change
GS Goldman Sachs Group Inc. 0.15% 219 $174K No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.14% 1,973 $159K No change
QQQ Invesco QQQ Trust Series 1 0.13% 257 $155K No change
PLD Prologis Inc. 0.13% 1,329 $152K No change
C Citigroup Inc. 0.13% 1,482 $150K No change
WFC Wells Fargo & Co. 0.13% 1,729 $145K No change
MRK Merck & Co. Inc. 0.12% 1,708 $143K Reduce -13.0%
WTAI Wisdomtree AI and Innovation 0.12% 4,963 $142K Reduce -45.6%
BLK BlackRock Inc. 0.12% 117 $136K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.12% 1,169 $134K Reduce -23.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 2,546 $131K No change
BRK.B Berkshire Hathaway Inc. Class B 0.11% 260 $131K No change
XLRE SS Real Estate Select Sector 0.11% 3,069 $129K Reduce -55.2%
BMY Bristol-Myers Squibb Co. 0.11% 2,849 $128K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.11% 669 $125K Reduce -4.7%
PFE Pfizer Inc. 0.11% 4,833 $123K No change
SCHW Schwab (charles) Corp. 0.10% 1,214 $116K No change
EQIX Equinix Inc. 0.10% 143 $112K No change
YUM Yum! Brands Inc. 0.10% 725 $110K Reduce -12.9%
T AT&T Inc. 0.09% 3,897 $110K No change
AVB Avalonbay Communities Inc. 0.09% 528 $102K No change
VZ Verizon Communications Inc. 0.09% 2,315 $102K No change
KR Kroger Co. 0.09% 1,506 $102K No change
PSA Public Storage 0.08% 338 $98K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.08% 1,505 $97K No change
MAA Mid-America Apartment Comm 0.08% 663 $93K No change
PEP Pepsico Inc. 0.08% 650 $91K Reduce -18.9%
UNH Unitedhealth Group Inc. 0.08% 260 $90K No change
DOC Healthpeak Properties Inc. 0.08% 4,630 $89K No change
EXR Extra Space Storage Inc. 0.08% 626 $88K No change
BATT Amplify Lithium Battery Tech 0.08% 6,784 $88K Reduce -43.1%
CSCO Cisco Systems Inc. 0.07% 1,267 $87K No change
AMT American Tower Corp. 0.07% 439 $84K No change
SBAC SBA Communications Corp. 0.06% 357 $69K No change
ARE Alexandria Real Estate Equit 0.06% 766 $64K No change
ESML iShares ESG Aware MSCI USA S 0.05% 1,362 $61K Add +7.0%
IREN Iren Ltd. filed as IREN LIMITED 0.05% 1,248 $59K New
DMC Del Monte Corp. filed as FRESH DEL MONTE PRODUCE INC 0.05% 1,636 $57K No change
XSW SS SPDR S&P Soft & Serv ETF 0.05% 271 $54K Reduce -71.6%
VOO Vanguard S&P 500 ETF 0.05% 87 $53K Reduce -1.1%
BIZD Vaneck BDC Income ETF 0.05% 3,508 $52K No change
XHE SS SPDR S&P HC Equip ETF 0.04% 650 $51K Reduce -53.7%
CL Colgate-Palmolive Co. 0.04% 636 $51K Reduce -17.6%
KMB Kimberly-Clark Corp. 0.04% 368 $46K No change
K Kellanova 0.04% 536 $44K No change
HLT Hilton Worldwide Holdings Inc. 0.03% 156 $40K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 60 $40K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.03% 130 $39K No change
CLX Clorox Company 0.03% 252 $31K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.03% 352 $31K No change
GIS General Mills Inc. 0.03% 605 $31K Reduce -11.8%
TGT Target Corp. 0.03% 335 $30K Reduce -49.8%
ADM Archer-Daniels-Midland Co. 0.02% 464 $28K Reduce -21.2%
CPB The Campbell's Company 0.02% 874 $28K No change
DPZ Domino's Pizza Inc. 0.02% 60 $26K No change
TMO Thermo Fisher Scientific Inc. 0.02% 53 $26K Reduce -52.3%
CIFR Cipher Digital Inc. 0.02% 2,008 $25K New
IUSV iShares Core S&P U.S. Value 0.02% 240 $24K No change
XLB SS Materials Select Sector 0.02% 265 $24K No change
CVS CVS Health Corp. 0.02% 274 $21K No change
PYPL PayPal Holdings Inc. 0.02% 307 $21K No change
WH Wyndham Hotels & Resorts Inc. 0.02% 255 $20K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 41 $20K No change
IUSG iShares Core S&P U.S. Growth 0.01% 106 $17K No change
MMM 3M Co. 0.01% 111 $17K No change
CRM Salesforce Inc. 0.01% 52 $12K Reduce -84.4%
BKNG Booking Holdings Inc. 0.01% 2 $11K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 72 $10K No change
ADBE Adobe Inc. 0.01% 27 $10K Reduce -82.3%
TSN Tyson Foods Inc. Class A 0.01% 175 $10K No change
SPOT Spotify Technology SA 0.01% 13 $9K No change
CMCSA Comcast Corp. Class A 0.01% 258 $8K No change
LOW Lowe's Cos Inc. 0.01% 32 $8K No change
CYTK Cytokinetics Inc. 0.01% 142 $8K No change
ASML ASML Holding NV-NY Reg SHS 0.01% 8 $8K No change
ALNY Alnylam Pharmaceuticals Inc. 0.01% 15 $7K No change
SYY Sysco Corp. 0.01% 80 $7K Reduce -51.8%
HRL Hormel Foods Corp. 0.01% 243 $6K No change
MDLZ Mondelez International Inc. Class A 0.00% 90 $6K No change
SE Sea Ltd.-ADR 0.00% 26 $5K No change
OKTA Okta Inc. 0.00% 50 $5K No change
TRUP Trupanion Inc. 0.00% 64 $3K No change
CVX Chevron Corp. 0.00% 7 $1K No change
KIE SS SPDR S&P Insurance ETF 0.00% 3 $177 No change

Portfolio Sells Q2 2025 → Q3 2025
TSLA Tesla Inc. Reduce -77.2% 1.52% −3.37
VEA Vanguard Ftse Developed ETF Reduce -75.7% 0.64% −1.93
META Meta Platforms Inc. Class A Reduce -7.8% 3.25% −0.39
NVDA Nvidia Corp. Reduce -34.9% 0.81% −0.27
PG The Procter & Gamble Co. Reduce -52.1% 0.17% −0.21
XBI SS SPDR S&P Biotech ETF Reduce -45.1% 0.27% −0.15
XLRE SS Real Estate Select Sector Reduce -55.2% 0.11% −0.14
XSW SS SPDR S&P Soft & Serv ETF Reduce -71.6% 0.05% −0.11
ABT Abbott Laboratories Reduce -35.9% 0.16% −0.10
V Visa Inc. Class A Reduce -11.2% 0.48% −0.10
KOMP SS SPDR S&P Kensho Ne Comp Reduce -30.7% 0.28% −0.08
WTAI Wisdomtree AI and Innovation Reduce -45.6% 0.12% −0.08
MA Mastercard Inc. Class A Reduce -10.1% 0.56% −0.07
CRM Salesforce Inc. Reduce -84.4% 0.01% −0.07
XHE SS SPDR S&P HC Equip ETF Reduce -53.7% 0.04% −0.06
CIBR First Trust Nasdaq Cybersecu Reduce -0.0% 2.43% −0.05
DIS The Walt Disney Co. Reduce -23.4% 0.12% −0.05
SCHO Schwab Short-Term US Treas Reduce -2.9% 0.79% −0.05
ADBE Adobe Inc. Reduce -82.3% 0.01% −0.04
TGT Target Corp. Reduce -49.8% 0.03% −0.03
ESGD iShares Trust iShares ESG Aw Reduce -10.0% 0.33% −0.03
SCHP Schwab U.S. Tips ETF Reduce -0.7% 1.16% −0.03
ABNB Airbnb Inc. Class A Sold out 0.00% −0.03
FTXO First Trust Nasdaq Bank ETF Sold out 0.00% −0.03
BATT Amplify Lithium Battery Tech Reduce -43.1% 0.08% −0.02
CL Colgate-Palmolive Co. Reduce -17.6% 0.04% −0.02
TMO Thermo Fisher Scientific Inc. Reduce -52.3% 0.02% −0.02
PEP Pepsico Inc. Reduce -18.9% 0.08% −0.02
YUM Yum! Brands Inc. Reduce -12.9% 0.10% −0.01
MRK Merck & Co. Inc. Reduce -13.0% 0.12% −0.01
FLOT iShares Floating Rate Bond E Reduce -0.9% 0.31% −0.01
MSFT Microsoft Corp. Reduce -1.5% 3.52% −0.01
SYY Sysco Corp. Reduce -51.8% 0.01% −0.01
GIS General Mills Inc. Reduce -11.8% 0.03% −0.01
SCHM Schwab US Mid Cap ETF Reduce -4.4% 0.22% −0.00
ADM Archer-Daniels-Midland Co. Reduce -21.2% 0.02% −0.00
ANAB Anaptysbio Inc. Sold out 0.00% −0.00
VTV Vanguard Mrngstr Val ETF-Aui Reduce -4.7% 0.11% −0.00
JNJ Johnson & Johnson Reduce -15.8% 0.23% −0.00
BLDP Ballard Power Systems Inc. Sold out 0.00% −0.00
BYND Beyond Meat Inc. Sold out 0.00% −0.00
VOO Vanguard S&P 500 ETF Reduce -1.1% 0.05% +0.00
VGT Vanguard Info Tech ETF Reduce -4.0% 0.22% +0.01
SPYG SS SPDR P S&P 500 Growth ETF Reduce -2.1% 0.28% +0.01
SPSM SS SPDR P S&P 600 Small Cap Reduce -4.4% 1.58% +0.02
SPDW Ste STR SPDR PT DW Eu ETF Reduce -1.5% 1.84% +0.02
VTI VG Morningstar TS MKT ETF-US Reduce -2.3% 9.84% +0.26
XLK SS Technology Select Sector Reduce -0.3% 7.17% +0.53
IJR iShares Core S&P Small-Cap E Reduce -0.6% 7.43% +0.58
GOOGL Alphabet Inc. Class A Reduce -0.8% 3.98% +0.99

Portfolio Buys Q2 2025 → Q3 2025
ORCL Oracle Corp. Add +1239.1% 3.66% +3.44
IVV iShares Core S&P 500 ETF Add +0.2% 18.78% +0.91
XLY SS Consumer Disc Select Sect Add +0.1% 0.98% +0.07
IREN Iren Ltd. New 0.05% +0.05
ESGU iShares ESG Aware MSCI USA Add +5.0% 0.47% +0.04
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +1.5% 1.14% +0.04
CIFR Cipher Digital Inc. New 0.02% +0.02
VNQ Vanguard Real Estate ETF Add +0.6% 1.69% +0.01
ESML iShares ESG Aware MSCI USA S Add +7.0% 0.05% +0.01
XLV SS Health Care Select Sector Add +0.1% 0.76% +0.00
BIL SS SPDR BB 1-3M T-Bill ETF Add +3.0% 1.12% +0.00
XLF SS Financial Select Sector Add +0.1% 0.71% +0.00
BND Vanguard Total Bond Market Add +0.1% 2.57% −0.04

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