SKY-Mountain Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), SKY-Mountain Capital Management, Inc. reported 37 stock positions worth $150.4 million. Its top holding was Wisdomtree Floating Rate Tre (USFR) at 41.7% of the portfolio, followed by SPDR Gold Shares (GLD, 18.7%) and Fidelity Wise Origin Bitcoin (FBTC, 8.4%). Compared with Q3 2025, it opened 2 new positions, sold out of 3, added to 17 and reduced 8. The biggest buy was SPDR Gold Shares (GLD, shares +9%) and the biggest sale Fidelity Wise Origin Bitcoin (FBTC, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- KETCHUM, ID
- CIK
- 0002065074
- Portfolio Value
- $150.4M (Q4 2025)
- SEC Filing
- 0002065074-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 37 stocks · $150.4M
| USFR Wisdomtree Floating Rate Tre | 41.72% | 1,242,649 | $62.7M | Add +2.0% |
| GLD SPDR Gold Shares | 18.71% | 60,526 | $28.1M | Add +9.3% |
| FBTC Fidelity Wise Origin Bitcoin | 8.35% | 164,646 | $12.6M | Reduce -7.3% |
| GRID First TRST Nasd Class Edg Sgiif | 3.72% | 34,785 | $5.6M | Reduce -4.1% |
| NKE Nike Inc. Class B | 3.62% | 83,764 | $5.4M | Add +0.2% |
| VYM Vanguard High DVD Yield ETF | 2.97% | 30,077 | $4.5M | Add +4.2% |
| AAPL Apple Inc. | 2.61% | 15,371 | $3.9M | Reduce -4.5% |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 1.95% | 99,897 | $2.9M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.86% | 5,745 | $2.8M | Add +1.8% |
| MSTR Strategy Inc. | 1.44% | 13,517 | $2.2M | Reduce -9.3% |
| NVDA Nvidia Corp. | 1.33% | 10,710 | $2.0M | Reduce -11.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.17% | 7,827 | $1.8M | Add +9.3% |
| BA The Boeing Co. | 1.00% | 6,025 | $1.5M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.90% | 2,785 | $1.3M | Add +22.1% |
| VXUS Vanguard Total Intl Stock | 0.80% | 14,988 | $1.2M | Add +5.1% |
| AMZN Amazon.com Inc. | 0.73% | 4,625 | $1.1M | Add +34.9% |
| RTX RTX Corp. | 0.72% | 5,542 | $1.1M | No change |
| GOOG Alphabet Inc. Class C | 0.62% | 2,784 | $929K | Add +10.6% |
| GOOGL Alphabet Inc. Class A | 0.61% | 2,761 | $920K | No change |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.58% | 9,805 | $868K | Add +0.8% |
| SBUX Starbucks Corp. | 0.54% | 8,372 | $806K | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 989 | $685K | No change |
| VEA Vanguard Ftse Developed ETF | 0.45% | 10,266 | $678K | Add +23.1% |
| VWO Vanguard Ftse Emerging Marke | 0.41% | 10,884 | $620K | Add +40.1% |
| COST Costco Wholesale Corp. | 0.36% | 550 | $537K | New |
| CVX Chevron Corp. | 0.29% | 2,559 | $429K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 2,846 | $427K | Reduce -18.6% |
| AMD Advanced Micro Devices | 0.26% | 1,556 | $391K | Reduce -16.2% |
| NSC Norfolk Southern Corp. | 0.24% | 1,278 | $368K | No change |
| MSFT Microsoft Corp. | 0.19% | 619 | $291K | Add +12.1% |
| CARR Carrier Global Corp. | 0.19% | 5,059 | $290K | No change |
| META Meta Platforms Inc. Class A | 0.19% | 417 | $280K | Add +29.9% |
| MPC Marathon Petroleum Corp. | 0.16% | 1,384 | $239K | No change |
| OTIS Otis Worldwide Corp. | 0.15% | 2,540 | $230K | No change |
| VOO Vanguard S&P 500 ETF | 0.15% | 355 | $226K | Add +0.3% |
| RWO State Street SPDR Dow Jones | 0.14% | 4,706 | $217K | Reduce -46.1% |
| SCHX Schwab US Large-Cap ETF | 0.14% | 7,842 | $214K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| FBTC Fidelity Wise Origin Bitcoin | Reduce -7.3% | 8.35% | −3.30 |
| MSTR Strategy Inc. | Reduce -9.3% | 1.44% | −1.48 |
| AAPL Apple Inc. | Reduce -4.5% | 2.61% | −0.29 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.28 |
| NVDA Nvidia Corp. | Reduce -11.3% | 1.33% | −0.19 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.16 |
| RWO State Street SPDR Dow Jones | Reduce -46.1% | 0.14% | −0.14 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -4.1% | 3.72% | −0.14 |
| TJX TJX Companies Inc. | Reduce -18.6% | 0.28% | −0.07 |
| AMD Advanced Micro Devices | Reduce -16.2% | 0.26% | −0.04 |
| RITHM PPTY TR INC | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| GLD SPDR Gold Shares | Add +9.3% | 18.71% | +4.11 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | New | 1.95% | +1.95 |
| COST Costco Wholesale Corp. | New | 0.36% | +0.36 |
| AMZN Amazon.com Inc. | Add +34.9% | 0.73% | +0.21 |
| GOOG Alphabet Inc. Class C | Add +10.6% | 0.62% | +0.17 |
| VYM Vanguard High DVD Yield ETF | Add +4.2% | 2.97% | +0.14 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +9.3% | 1.17% | +0.13 |
| VWO Vanguard Ftse Emerging Marke | Add +40.1% | 0.41% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +22.1% | 0.90% | +0.11 |
| VEA Vanguard Ftse Developed ETF | Add +23.1% | 0.45% | +0.10 |
| VXUS Vanguard Total Intl Stock | Add +5.1% | 0.80% | +0.06 |
| SBUX Starbucks Corp. | Add +0.0% | 0.54% | +0.04 |
| META Meta Platforms Inc. Class A | Add +29.9% | 0.19% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +0.3% | 0.15% | −0.00 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +0.8% | 0.58% | −0.00 |
| MSFT Microsoft Corp. | Add +12.1% | 0.19% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.8% | 1.86% | −0.04 |
| NKE Nike Inc. Class B | Add +0.2% | 3.62% | −0.41 |
| USFR Wisdomtree Floating Rate Tre | Add +2.0% | 41.72% | −1.13 |
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 |