SKY-Mountain Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), SKY-Mountain Capital Management, Inc. reported 38 stock positions worth $143.2 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 42.9% of the portfolio, followed by SPDR Gold Shares (GLD, 14.6%) and Fidelity Wise Origin Bitcoin (FBTC, 11.7%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 7 and reduced 18. The biggest buy was SPDR Gold Shares (GLD, shares +3%) and the biggest sale Strategy (MSTR, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- KETCHUM, ID
- CIK
- 0002065074
- Portfolio Value
- $143.2M (Q3 2025)
- SEC Filing
- 0002065074-25-000001 ↗ filed Oct 30, 2025
Holdings Value
Holdings 38 stocks · $143.2M
| USFR Wisdomtree Floating Rate Tre | 42.85% | 1,218,007 | $61.4M | Add +0.6% |
| GLD SPDR Gold Shares | 14.59% | 55,392 | $20.9M | Add +3.3% |
| FBTC Fidelity Wise Origin Bitcoin | 11.65% | 177,593 | $16.7M | Add +0.3% |
| NKE Nike Inc. Class B | 4.03% | 83,581 | $5.8M | Reduce -1.1% |
| GRID First TRST Nasd Class Edg Sgiif | 3.86% | 36,279 | $5.5M | Add +4.2% |
| MSTR Strategy Inc. | 2.92% | 14,907 | $4.2M | Reduce -59.1% |
| AAPL Apple Inc. | 2.90% | 16,093 | $4.2M | Reduce -6.4% |
| VYM Vanguard High DVD Yield ETF | 2.83% | 28,855 | $4.1M | Reduce -1.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.90% | 5,645 | $2.7M | Reduce -2.0% |
| NVDA Nvidia Corp. | 1.52% | 12,075 | $2.2M | Reduce -28.2% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.04% | 7,164 | $1.5M | Reduce -0.4% |
| BA The Boeing Co. | 0.91% | 6,025 | $1.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.78% | 2,281 | $1.1M | Reduce -2.1% |
| VXUS Vanguard Total Intl Stock | 0.74% | 14,257 | $1.1M | Add +4.9% |
| RTX RTX Corp. | 0.69% | 5,542 | $986K | No change |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.58% | 9,725 | $831K | Add +0.6% |
| AMZN Amazon.com Inc. | 0.52% | 3,428 | $747K | Reduce -22.6% |
| SBUX Starbucks Corp. | 0.50% | 8,371 | $716K | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.49% | 2,761 | $695K | Reduce -20.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 989 | $660K | No change |
| GOOG Alphabet Inc. Class C | 0.44% | 2,518 | $636K | New |
| VEA Vanguard Ftse Developed ETF | 0.35% | 8,341 | $506K | Reduce -21.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 3,496 | $500K | Reduce -8.5% |
| AMD Advanced Micro Devices | 0.30% | 1,856 | $427K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 7,769 | $423K | Reduce -11.8% |
| RWO State Street SPDR Dow Jones | 0.28% | 8,737 | $404K | Reduce -1.8% |
| VNQ Vanguard Real Estate ETF | 0.28% | 4,372 | $403K | Reduce -5.6% |
| CVX Chevron Corp. | 0.28% | 2,559 | $398K | No change |
| NSC Norfolk Southern Corp. | 0.26% | 1,278 | $369K | No change |
| MSFT Microsoft Corp. | 0.20% | 552 | $287K | Reduce -41.8% |
| CARR Carrier Global Corp. | 0.20% | 5,059 | $287K | No change |
| MPC Marathon Petroleum Corp. | 0.18% | 1,384 | $261K | No change |
| META Meta Platforms Inc. Class A | 0.16% | 321 | $235K | Reduce -39.7% |
| OTIS Otis Worldwide Corp. | 0.16% | 2,540 | $232K | No change |
| ORCL Oracle Corp. | 0.16% | 827 | $225K | Reduce -23.2% |
| VOO Vanguard S&P 500 ETF | 0.15% | 354 | $217K | New |
| SCHX Schwab US Large-Cap ETF | 0.14% | 7,842 | $207K | New |
| RITHM PPTY TR INC | 0.03% | 14,956 | $36K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| MSTR Strategy Inc. | Reduce -59.1% | 2.92% | −6.81 |
| NVDA Nvidia Corp. | Reduce -28.2% | 1.52% | −0.50 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.17 |
| NKE Nike Inc. Class B | Reduce -1.1% | 4.03% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -22.6% | 0.52% | −0.13 |
| MSFT Microsoft Corp. | Reduce -41.8% | 0.20% | −0.13 |
| META Meta Platforms Inc. Class A | Reduce -39.7% | 0.16% | −0.10 |
| VEA Vanguard Ftse Developed ETF | Reduce -21.0% | 0.35% | −0.05 |
| ORCL Oracle Corp. | Reduce -23.2% | 0.16% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -11.8% | 0.30% | −0.00 |
| VNQ Vanguard Real Estate ETF | Reduce -5.6% | 0.28% | +0.01 |
| TJX TJX Companies Inc. | Reduce -8.5% | 0.35% | +0.01 |
| RWO State Street SPDR Dow Jones | Reduce -1.8% | 0.28% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -20.3% | 0.49% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.1% | 0.78% | +0.07 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.4% | 1.04% | +0.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.0% | 1.90% | +0.15 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.8% | 2.83% | +0.20 |
| AAPL Apple Inc. | Reduce -6.4% | 2.90% | +0.39 |
Portfolio Buys Q2 2025 → Q3 2025
| GLD SPDR Gold Shares | Add +3.3% | 14.59% | +3.43 |
| USFR Wisdomtree Floating Rate Tre | Add +0.6% | 42.85% | +2.33 |
| GRID First TRST Nasd Class Edg Sgiif | Add +4.2% | 3.86% | +0.56 |
| GOOG Alphabet Inc. Class C | New | 0.44% | +0.44 |
| VOO Vanguard S&P 500 ETF | New | 0.15% | +0.15 |
| SCHX Schwab US Large-Cap ETF | New | 0.14% | +0.14 |
| VXUS Vanguard Total Intl Stock | Add +4.9% | 0.74% | +0.11 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +0.6% | 0.58% | +0.04 |
| SBUX Starbucks Corp. | Add +0.0% | 0.50% | −0.01 |
| FBTC Fidelity Wise Origin Bitcoin | Add +0.3% | 11.65% | −0.43 |
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 |