SKY-Mountain Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), SKY-Mountain Capital Management, Inc. reported 36 stock positions worth $150.5 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 40.5% of the portfolio, followed by Fidelity Wise Origin Bitcoin (FBTC, 12.1%) and SPDR Gold Shares (GLD, 11.2%). Compared with Q1 2025, it opened 4 new positions, added to 5 and reduced 14. The biggest buy was a new position in First TRST Nasd Class Edg Sgiif (GRID) and the biggest sale Vanguard High DVD Yield ETF (VYM, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- KETCHUM, ID
- CIK
- 0002065074
- Portfolio Value
- $150.5M (Q2 2025)
- SEC Filing
- 0001085146-25-004842 ↗ filed Aug 12, 2025
Holdings Value
Holdings 36 stocks · $150.5M
| USFR Wisdomtree Floating Rate Tre | 40.52% | 1,211,245 | $61.0M | Add +30.6% |
| FBTC Fidelity Wise Origin Bitcoin | 12.08% | 177,153 | $18.2M | Add +6.1% |
| GLD SPDR Gold Shares | 11.16% | 53,643 | $16.8M | Add +4.8% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 9.73% | 36,429 | $14.6M | Add +1.4% |
| NKE Nike Inc. Class B | 4.18% | 84,538 | $6.3M | Reduce -12.7% |
| GRID First TRST Nasd Class Edg Sgiif | 3.30% | 34,814 | $5.0M | New |
| VYM Vanguard High DVD Yield ETF | 2.63% | 29,383 | $4.0M | Reduce -32.6% |
| AAPL Apple Inc. | 2.51% | 17,196 | $3.8M | Reduce -2.3% |
| NVDA Nvidia Corp. | 2.02% | 16,812 | $3.0M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.74% | 5,760 | $2.6M | Reduce -30.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.95% | 7,193 | $1.4M | Reduce -31.8% |
| BA The Boeing Co. | 0.91% | 6,025 | $1.4M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.71% | 2,331 | $1.1M | No change |
| AMZN Amazon.com Inc. | 0.66% | 4,428 | $988K | Reduce -20.6% |
| VXUS Vanguard Total Intl Stock | 0.63% | 13,591 | $954K | Reduce -22.9% |
| RTX RTX Corp. | 0.57% | 5,542 | $863K | No change |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.54% | 9,665 | $814K | No change |
| SBUX Starbucks Corp. | 0.51% | 8,370 | $762K | No change |
| GOOGL Alphabet Inc. Class A | 0.45% | 3,464 | $681K | Reduce -16.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.42% | 989 | $625K | Reduce -11.0% |
| VEA Vanguard Ftse Developed ETF | 0.41% | 10,558 | $610K | Reduce -16.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 3,821 | $504K | Reduce -23.6% |
| MSFT Microsoft Corp. | 0.33% | 948 | $494K | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 8,804 | $447K | Reduce -14.1% |
| VNQ Vanguard Real Estate ETF | 0.28% | 4,631 | $416K | Reduce -37.4% |
| META Meta Platforms Inc. Class A | 0.27% | 532 | $405K | No change |
| RWO State Street SPDR Dow Jones | 0.26% | 8,897 | $395K | Reduce -49.4% |
| CVX Chevron Corp. | 0.26% | 2,559 | $392K | No change |
| NSC Norfolk Southern Corp. | 0.24% | 1,278 | $358K | No change |
| CARR Carrier Global Corp. | 0.22% | 5,059 | $336K | No change |
| AMD Advanced Micro Devices | 0.21% | 1,856 | $320K | New |
| ORCL Oracle Corp. | 0.18% | 1,077 | $269K | New |
| COST Costco Wholesale Corp. | 0.17% | 261 | $255K | No change |
| MPC Marathon Petroleum Corp. | 0.15% | 1,384 | $224K | No change |
| OTIS Otis Worldwide Corp. | 0.15% | 2,540 | $222K | No change |
| RITHM PPTY TR INC | 0.03% | 14,956 | $39K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| VYM Vanguard High DVD Yield ETF | Reduce -32.6% | 2.63% | −2.13 |
| NKE Nike Inc. Class B | Reduce -12.7% | 4.18% | −1.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -30.6% | 1.74% | −0.86 |
| AAPL Apple Inc. | Reduce -2.3% | 2.51% | −0.79 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -31.8% | 0.95% | −0.72 |
| RWO State Street SPDR Dow Jones | Reduce -49.4% | 0.26% | −0.39 |
| VXUS Vanguard Total Intl Stock | Reduce -22.9% | 0.63% | −0.29 |
| VNQ Vanguard Real Estate ETF | Reduce -37.4% | 0.28% | −0.29 |
| AMZN Amazon.com Inc. | Reduce -20.6% | 0.66% | −0.24 |
| TJX TJX Companies Inc. | Reduce -23.6% | 0.34% | −0.18 |
| VEA Vanguard Ftse Developed ETF | Reduce -16.2% | 0.41% | −0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -11.0% | 0.42% | −0.11 |
| VWO Vanguard Ftse Emerging Marke | Reduce -14.1% | 0.30% | −0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -16.8% | 0.45% | −0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| GRID First TRST Nasd Class Edg Sgiif | New | 3.30% | +3.30 |
| NVDA Nvidia Corp. | New | 2.02% | +2.02 |
| FBTC Fidelity Wise Origin Bitcoin | Add +6.1% | 12.08% | +1.91 |
| USFR Wisdomtree Floating Rate Tre | Add +30.6% | 40.52% | +1.01 |
| MSTR Strategy Inc. | Add +1.4% | 9.73% | +0.96 |
| AMD Advanced Micro Devices | New | 0.21% | +0.21 |
| ORCL Oracle Corp. | New | 0.18% | +0.18 |
| MSFT Microsoft Corp. | Add +0.1% | 0.33% | +0.03 |
| GLD SPDR Gold Shares | Add +4.8% | 11.16% | −1.33 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 40 | $139.6M | USFR, GLD, GRID, VYM, VUG |
| Q1 2026 | 37 | $139.4M | USFR, GLD, FBTC, GRID, VYM |
| Q4 2025 | 37 | $150.4M | USFR, GLD, FBTC, GRID, NKE |
| Q3 2025 | 38 | $143.2M | USFR, GLD, FBTC, NKE, GRID |
| Q2 2025 | 36 | $150.5M | USFR, FBTC, GLD, MSTR, NKE |
| Q1 2025 | 32 | $118.1M | USFR, GLD, FBTC, MSTR, NKE |