Sonora Investment Management Group, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 7, 2025), Sonora Investment Management Group, LLC reported 301 stock positions worth $1.4 billion. Its top holding was Microsoft (MSFT) at 4.8% of the portfolio, followed by Apple (AAPL, 4.7%) and Oracle (ORCL, 3.6%). Compared with Q2 2025, it opened 18 new positions, sold out of 20, added to 80 and reduced 154. The biggest buy was Ionis Pharmaceuticals (IONS, shares +4%) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q3 2025
- Location
- TUCSON, AZ
- CIK
- 0001907552
- Portfolio Value
- $1.4B (Q3 2025)
- SEC Filing
- 0001725547-25-004090 ↗ filed Oct 7, 2025
Holdings Value
Holdings 301 stocks · $1.4B
| MSFT Microsoft Corp. | 4.76% | 129,887 | $67.3M | Reduce -2.5% |
| AAPL Apple Inc. | 4.70% | 260,565 | $66.3M | Reduce -2.7% |
| ORCL Oracle Corp. | 3.63% | 182,166 | $51.2M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 3.55% | 206,009 | $50.2M | Reduce -1.7% |
| AVGO Broadcom Inc. | 2.91% | 124,552 | $41.1M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 2.50% | 111,734 | $35.2M | Reduce -3.5% |
| KLAC KLA Corp. | 2.40% | 31,437 | $33.9M | Reduce -1.5% |
| WMT Walmart Inc. | 2.21% | 303,403 | $31.3M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 2.18% | 41,885 | $30.8M | Reduce -1.3% |
| COST Costco Wholesale Corp. | 2.14% | 32,707 | $30.3M | Reduce -4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.07% | 103,767 | $29.3M | Reduce -1.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.02% | 91,858 | $28.5M | Reduce -1.0% |
| RSG Republic Services Inc. | 2.00% | 122,781 | $28.2M | Reduce -1.4% |
| VLO Valero Energy Corp. | 1.94% | 161,033 | $27.4M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 1.83% | 117,866 | $25.9M | Reduce -0.2% |
| QCOM Qualcomm Inc. | 1.78% | 151,312 | $25.2M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 1.73% | 356,406 | $24.4M | Reduce -0.4% |
| BX Blackstone Inc. | 1.72% | 141,761 | $24.2M | Reduce -4.9% |
| HD Home Depot Inc. | 1.56% | 54,432 | $22.1M | Reduce -1.2% |
| LMT Lockheed Martin Corp. | 1.42% | 40,213 | $20.1M | Reduce -0.3% |
| JNJ Johnson & Johnson | 1.42% | 108,096 | $20.0M | Reduce -0.2% |
| NVDA Nvidia Corp. | 1.33% | 100,961 | $18.8M | Reduce -4.5% |
| V Visa Inc. Class A | 1.29% | 53,413 | $18.2M | Reduce -0.9% |
| TXN Texas Instruments Inc. | 1.22% | 93,676 | $17.2M | Reduce -0.8% |
| EVRG Evergy Inc. | 1.21% | 223,924 | $17.0M | Reduce -0.9% |
| ABBV Abbvie Inc. | 1.20% | 72,887 | $16.9M | Add +0.6% |
| UNP Union Pacific Corp. | 1.16% | 69,212 | $16.4M | Reduce -0.4% |
| TFC Truist Financial Corp. | 1.15% | 354,672 | $16.2M | Reduce -0.8% |
| PNC PNC Financial Services Group | 1.14% | 80,228 | $16.1M | Reduce -0.3% |
| RTX RTX Corp. | 1.10% | 92,969 | $15.6M | Reduce -2.9% |
| MCD McDonald's Corp. | 1.05% | 48,737 | $14.8M | Reduce -2.0% |
| CVX Chevron Corp. | 1.02% | 92,877 | $14.4M | Add +2.0% |
| PEP Pepsico Inc. | 0.98% | 98,545 | $13.8M | Add +0.5% |
| MDT Medtronic PLC | 0.98% | 144,945 | $13.8M | Add +0.1% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | 0.96% | 13,920,000 | $13.6M | Reduce -3.7% |
| PAYX Paychex Inc. | 0.89% | 98,696 | $12.5M | Add +0.8% |
| WPC WP Carey Inc. | 0.87% | 182,282 | $12.3M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 0.85% | 49,463 | $12.0M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.84% | 76,872 | $11.8M | Reduce -2.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.82% | 353,586 | $11.5M | Reduce -4.7% |
| ACN Accenture PLC Class A | 0.80% | 45,865 | $11.3M | Reduce -0.5% |
| PFE Pfizer Inc. | 0.79% | 439,149 | $11.2M | Reduce -2.4% |
| IONS Ionis Pharmaceuticals Inc. | 0.79% | 169,808 | $11.1M | Add +4.1% |
| CAT Caterpillar Inc. | 0.78% | 22,938 | $10.9M | Add +4.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.74% | 91,112 | $10.4M | Add +0.7% |
| USB US Bancorp | 0.73% | 212,183 | $10.3M | Reduce -3.6% |
| CRM Salesforce Inc. | 0.66% | 39,561 | $9.4M | Add +0.5% |
| EMR Emerson Electric Co. | 0.66% | 70,916 | $9.3M | Reduce -2.6% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.63% | 87,250 | $8.9M | Reduce -2.5% |
| VZ Verizon Communications Inc. | 0.56% | 180,592 | $7.9M | Reduce -8.6% |
| KMB Kimberly-Clark Corp. | 0.54% | 61,854 | $7.7M | Reduce -3.7% |
| CLF Cleveland-Cliffs Inc. | 0.54% | 624,851 | $7.6M | Reduce -4.7% |
| LYB Lyondellbasell Indu Class A | 0.54% | 154,858 | $7.6M | Reduce -3.0% |
| ADBE Adobe Inc. | 0.52% | 20,673 | $7.3M | Reduce -1.4% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | 0.51% | 5,283,000 | $7.3M | Reduce -0.0% |
| XOM Exxon Mobil Corp. | 0.51% | 63,359 | $7.1M | Reduce -1.2% |
| AMGN Amgen Inc. | 0.49% | 24,707 | $7.0M | Reduce -4.4% |
| KO The Coca-Cola Co. | 0.45% | 96,272 | $6.4M | Reduce -2.0% |
| KMI Kinder Morgan Inc. | 0.45% | 223,960 | $6.3M | Reduce -1.6% |
| HON Honeywell International Inc. | 0.43% | 28,838 | $6.1M | Reduce -10.6% |
| MLPA Global X MLP ETF | 0.40% | 117,624 | $5.7M | Add +12.6% |
| T AT&T Inc. | 0.39% | 196,412 | $5.5M | Reduce -2.2% |
| GLW Corning Inc. | 0.39% | 67,540 | $5.5M | Reduce -1.7% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | 0.37% | 3,137,000 | $5.3M | Reduce -7.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 10,217 | $5.1M | Reduce -3.7% |
| WPM Wheaton Precious Metals Corp. | 0.36% | 45,704 | $5.1M | Reduce -1.7% |
| RPM RPM International Inc. | 0.35% | 42,459 | $5.0M | Reduce -3.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.35% | 7,490 | $5.0M | Add +0.3% |
| ENVX Enovix Corp. | 0.32% | 459,369 | $4.6M | Add +11.1% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | 0.31% | 3,822,000 | $4.4M | Reduce -5.1% |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | 0.29% | 2,225,000 | $4.1M | Reduce -3.5% |
| TECK Teck Resources Ltd.-CLS B | 0.29% | 93,768 | $4.1M | Reduce -3.9% |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | 0.28% | 4,060,000 | $4.0M | Reduce -2.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | 0.28% | 4,131,000 | $3.9M | Reduce -5.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 6,447 | $3.9M | Add +1.4% |
| TSLA Tesla Inc. | 0.27% | 8,539 | $3.8M | Reduce -3.4% |
| GIS General Mills Inc. | 0.25% | 70,754 | $3.6M | Reduce -7.6% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | 0.25% | 3,665,000 | $3.5M | Reduce -8.0% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | 0.24% | 3,480,000 | $3.3M | Reduce -4.5% |
| MGM MGM Resorts International | 0.23% | 92,979 | $3.2M | Reduce -3.0% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | 0.22% | 2,230,000 | $3.2M | Reduce -1.6% |
| OMEROS CORP (OMER 5.25 02/15/26) | 0.22% | 3,399,000 | $3.1M | Reduce -2.2% |
| MAC The Macerich Co. | 0.22% | 167,188 | $3.0M | Reduce -6.1% |
| TXRH Texas Roadhouse Inc. | 0.21% | 17,646 | $2.9M | Reduce -3.3% |
| FITB Fifth Third Bancorp | 0.20% | 64,163 | $2.9M | Reduce -2.4% |
| VOO Vanguard S&P 500 ETF | 0.20% | 4,584 | $2.8M | Add +0.8% |
| EVOLENT HEALTH INC (EVH 1.5 10/15/25) | 0.19% | 2,742,000 | $2.7M | Reduce -39.1% |
| ETSY INC (ETSY 0.25 06/15/28) | 0.19% | 3,024,000 | $2.7M | Reduce -4.3% |
| ITW Illinois Tool Works | 0.19% | 10,111 | $2.6M | Reduce -6.2% |
| ARE Alexandria Real Estate Equit | 0.18% | 30,846 | $2.6M | Add +4.6% |
| PSX Phillips 66 | 0.18% | 18,861 | $2.6M | Reduce -2.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.17% | 8,511 | $2.4M | Reduce -2.0% |
| LLY Eli Lilly & Co. | 0.17% | 3,095 | $2.4M | Reduce -3.9% |
| SON Sonoco Products Co. | 0.16% | 53,835 | $2.3M | Add +3.3% |
| IVV iShares Core S&P 500 ETF | 0.16% | 3,375 | $2.3M | Reduce -11.7% |
| CGNX Cognex Corp. | 0.16% | 49,408 | $2.2M | Reduce -2.2% |
| PNW Pinnacle West Capital | 0.16% | 24,824 | $2.2M | Reduce -2.0% |
| NOC Northrop Grumman Corp. | 0.15% | 3,439 | $2.1M | Add +2.4% |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | 0.15% | 2,190,000 | $2.1M | Reduce -5.8% |
| SYK Stryker Corp. | 0.15% | 5,557 | $2.1M | Add +0.2% |
Options reported separately and not counted above: AGNT calls ($123K), OMER calls ($49K), EXEL calls ($12K).
Portfolio Sells Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.58 |
| COST Costco Wholesale Corp. | Reduce -4.7% | 2.14% | −0.38 |
| RSG Republic Services Inc. | Reduce -1.4% | 2.00% | −0.28 |
| TXN Texas Instruments Inc. | Reduce -0.8% | 1.22% | −0.24 |
| IBM Intl Business Machines Corp. | Reduce -1.3% | 2.07% | −0.23 |
| ACN Accenture PLC Class A | Reduce -0.5% | 0.80% | −0.22 |
| AJG Arthur J Gallagher & Co. | Reduce -1.0% | 2.02% | −0.19 |
| INTC Intel Corp. | Sold out | 0.00% | −0.16 |
| MSFT Microsoft Corp. | Reduce -2.5% | 4.76% | −0.15 |
| LYB Lyondellbasell Indu Class A | Reduce -3.0% | 0.54% | −0.15 |
| META Meta Platforms Inc. Class A | Reduce -1.3% | 2.18% | −0.14 |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | Reduce -97.5% | 0.00% | −0.14 |
| EVOLENT HEALTH INC (EVH 1.5 10/15/25) | Reduce -39.1% | 0.19% | −0.14 |
| V Visa Inc. Class A | Reduce -0.9% | 1.29% | −0.13 |
| HON Honeywell International Inc. | Reduce -10.6% | 0.43% | −0.13 |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | Reduce -97.5% | 0.00% | −0.12 |
| CSCO Cisco Systems Inc. | Reduce -0.4% | 1.73% | −0.12 |
| EXEL Exelixis Inc. | Sold out | 0.00% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -2.5% | 0.84% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 1.83% | −0.09 |
| ADBE Adobe Inc. | Reduce -1.4% | 0.52% | −0.09 |
| VICI Vici Properties Inc. | Reduce -4.7% | 0.82% | −0.08 |
| VZ Verizon Communications Inc. | Reduce -8.6% | 0.56% | −0.07 |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | Reduce -3.7% | 0.96% | −0.07 |
| KMB Kimberly-Clark Corp. | Reduce -3.7% | 0.54% | −0.07 |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | Sold out | 0.00% | −0.07 |
| KO The Coca-Cola Co. | Reduce -2.0% | 0.45% | −0.06 |
| WM Waste Management Inc. | Reduce -26.1% | 0.13% | −0.06 |
| EMR Emerson Electric Co. | Reduce -2.6% | 0.66% | −0.06 |
| IRM Iron Mountain Inc. | Reduce -2.5% | 0.63% | −0.05 |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | Reduce -3.5% | 0.29% | −0.05 |
| KMI Kinder Morgan Inc. | Reduce -1.6% | 0.45% | −0.05 |
| TXRH Texas Roadhouse Inc. | Reduce -3.3% | 0.21% | −0.05 |
| GIS General Mills Inc. | Reduce -7.6% | 0.25% | −0.04 |
| AMGN Amgen Inc. | Reduce -4.4% | 0.49% | −0.04 |
| T AT&T Inc. | Reduce -2.2% | 0.39% | −0.04 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.04 |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | Reduce -8.0% | 0.25% | −0.03 |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | Reduce -5.0% | 0.28% | −0.03 |
| MCD McDonald's Corp. | Reduce -2.0% | 1.05% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.4% | 1.16% | −0.03 |
| PM Philip Morris International | Reduce -2.4% | 0.13% | −0.03 |
| WMT Walmart Inc. | Reduce -1.7% | 2.21% | −0.03 |
| OMEROS CORP (OMER 5.25 02/15/26) | Reduce -2.2% | 0.22% | −0.02 |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | Reduce -4.5% | 0.24% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -3.9% | 0.17% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.7% | 0.36% | −0.02 |
| NFJ Virtus DVD Intrst & PRM STR | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Reduce -2.4% | 0.79% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| IONS Ionis Pharmaceuticals Inc. | Add +4.1% | 0.79% | +0.31 |
| ABBV Abbvie Inc. | Add +0.6% | 1.20% | +0.20 |
| CAT Caterpillar Inc. | Add +4.2% | 0.78% | +0.14 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.08% | +0.08 |
| CVX Chevron Corp. | Add +2.0% | 1.02% | +0.05 |
| STX Seagate Technology Holdings | Add +3.2% | 0.13% | +0.05 |
| MDT Medtronic PLC | Add +0.1% | 0.98% | +0.04 |
| AEM Agnico Eagle Mines Ltd. | New | 0.03% | +0.03 |
| APP AppLovin Corp. Class A | New | 0.03% | +0.03 |
| NEM Newmont Corp. | New | 0.03% | +0.03 |
| NOC Northrop Grumman Corp. | Add +2.4% | 0.15% | +0.02 |
| HROW Harrow Inc. | Add +11.0% | 0.06% | +0.02 |
| GLD SPDR Gold Shares | Add +25.5% | 0.08% | +0.02 |
| ARE Alexandria Real Estate Equit | Add +4.6% | 0.18% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +0.3% | 0.11% | +0.02 |
| RGLD Royal Gold Inc. | New | 0.02% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | Add +0.5% | 0.98% | +0.02 |
| O Realty Income Corp. | New | 0.02% | +0.02 |
| SCHB Schwab US Broad Market ETF | Add +54.6% | 0.05% | +0.02 |
| GNTX Gentex Corp. | New | 0.02% | +0.02 |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | New | 0.02% | +0.02 |
| PZZA Papa John's Intl Inc. | New | 0.02% | +0.02 |
| VXUS Vanguard Total Intl Stock | New | 0.02% | +0.02 |
| IEF iShares 7-10 Year Treasury B | New | 0.02% | +0.02 |
| BCE Bce Inc. | New | 0.02% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | New | 0.01% | +0.01 |
| XEL Xcel Energy Inc. | New | 0.01% | +0.01 |
| OGE Oge Energy Corp. | New | 0.01% | +0.01 |
| MLPA Global X MLP ETF | Add +12.6% | 0.40% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.4% | 0.27% | +0.01 |
| PDM Piedmont Realty Trust Inc. | Add +2.0% | 0.08% | +0.01 |
| AMD Advanced Micro Devices | Add +5.7% | 0.10% | +0.01 |
| AMAT Applied Materials Inc. | Add +2.6% | 0.14% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.35% | +0.01 |
| MO Altria Group Inc. | Add +3.9% | 0.10% | +0.01 |
| DOC Healthpeak Properties Inc. | Add +53.5% | 0.03% | +0.01 |
| VALE Vale SA-SP ADR | New | 0.01% | +0.01 |
| SHOP Shopify Inc. Class A | Add +15.8% | 0.03% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +34.5% | 0.04% | +0.01 |
| SHOE Shoe Station Group Inc. | Add +1.2% | 0.13% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +28.2% | 0.03% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +12.7% | 0.05% | +0.01 |
| AZN Astrazeneca PLC-Spons ADR | Add +38.4% | 0.03% | +0.01 |
| DUK Duke Energy Corp. | Add +16.1% | 0.06% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Add +5.3% | 0.11% | +0.01 |
| DHI D.R. Horton Inc. | Add +5.3% | 0.03% | +0.01 |
| ASM Avino Silver & Gold Mines | New | 0.01% | +0.01 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | Add +5.2% | 0.02% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +0.8% | 0.20% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| AGNT Agnt Inc. | call | New | 11,500 | $123K |
| OMER Omeros Corp. | call | New | 12,000 | $49K |
| EXEL Exelixis Inc. | call | New | 300 | $12K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| AGNT Agnt Inc. | COM | Sold out | 0 | $18Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 301 | $1.4B | MSFT, AAPL, ORCL, GOOG, AVGO |
| Q2 2025 | 303 | $1.3B | MSFT, AAPL, ORCL, GOOG, AVGO |
| Q1 2025 | 301 | $1.2B | AAPL, MSFT, AJG, GOOG, COST |
| Q4 2024 | 297 | $1.3B | AAPL, MSFT, GOOG, COST, ORCL |
| Q3 2024 | 287 | $1.3B | AAPL, MSFT, GOOG, COST, ORCL |
| Q2 2024 | 282 | $1.3B | MSFT, AAPL, GOOG, VLO, QCOM |
| Q1 2024 | 283 | $1.3B | MSFT, AAPL, GOOG, VLO, QCOM |