SP Asset Management LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), SP Asset Management LLC reported 120 stock positions worth $1.1 billion. Its top holding was Meta Platforms Class A (META) at 18.7% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 8.9%) and Unitedhealth (UNH, 5.8%). Compared with Q4 2024, it opened 2 new positions, sold out of 11, added to 54 and reduced 45. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +0%) and the biggest sale Meta Platforms Class A (META, shares −12%).

Most Recent 13F
Q2 2026
Location
CUPERTINO, CA
CIK
0001962086
Portfolio Value
$1.1B (Q1 2025)
SEC Filing
0001962086-25-000003 ↗ filed May 8, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.1B $1.1B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 120 stocks · $1.1B
META Meta Platforms Inc. Class A 18.73% 368,587 $212.4M Reduce -12.2%
BRK.B Berkshire Hathaway Inc. Class B 8.90% 189,601 $101.0M Add +0.4%
UNH Unitedhealth Group Inc. 5.77% 124,931 $65.4M Add +3.0%
ABBV Abbvie Inc. 4.16% 225,349 $47.2M Add +0.0%
AAPL Apple Inc. 3.65% 186,369 $41.4M Reduce -1.2%
VUG Vanguard Mrngstar GR ETF-Sui 3.59% 109,815 $40.7M Add +5.2%
IGV iShares Expanded Tech-Softwa 3.20% 407,458 $36.3M Reduce -0.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.67% 116,947 $30.2M Add +4.4%
MSFT Microsoft Corp. 2.66% 80,361 $30.2M Add +0.1%
VB Vanguard Most SM-Cap ETF-Usd 2.59% 132,387 $29.4M Add +1.0%
XLV SS Health Care Select Sector 2.30% 178,374 $26.0M Add +0.5%
AMZN Amazon.com Inc. 2.21% 131,907 $25.1M Reduce -0.3%
QCOM Qualcomm Inc. 2.10% 155,395 $23.9M Reduce -3.5%
GOOGL Alphabet Inc. Class A 1.99% 145,803 $22.5M Reduce -0.2%
WFC Wells Fargo & Co. 1.72% 272,255 $19.5M Reduce -1.5%
XLE SS Energy Select Sector 1.51% 182,962 $17.1M Reduce -0.5%
HD Home Depot Inc. 1.44% 44,498 $16.3M Reduce -2.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.41% 384,019 $16.0M Reduce -5.5%
ABT Abbott Laboratories 1.38% 118,179 $15.7M Reduce -3.0%
ADI Analog Devices Inc. 1.31% 73,835 $14.9M Reduce -2.5%
ORCL Oracle Corp. 1.31% 106,495 $14.9M Reduce -1.4%
JNJ Johnson & Johnson 1.30% 89,161 $14.8M Reduce -2.4%
SSO Proshares Ultra S&P500 1.02% 139,455 $11.5M Reduce -11.5%
NTNX Nutanix Inc. Class A 1.02% 164,923 $11.5M Reduce -10.0%
MRK Merck & Co. Inc. 0.99% 125,474 $11.3M Add +14.6%
PM Philip Morris International 0.94% 67,450 $10.7M Reduce -0.8%
NVDA Nvidia Corp. 0.90% 93,851 $10.2M Reduce -7.9%
GOOG Alphabet Inc. Class C 0.81% 58,971 $9.2M Add +0.0%
XOM Exxon Mobil Corp. 0.81% 76,990 $9.2M Reduce -1.4%
AXP American Express Co. 0.80% 33,573 $9.0M Reduce -0.8%
AMAT Applied Materials Inc. 0.75% 58,386 $8.5M Add +0.3%
SBUX Starbucks Corp. 0.73% 84,120 $8.3M Reduce -0.5%
VHT Vanguard Health Care ETF 0.64% 27,499 $7.3M Add +5.0%
NKE Nike Inc. Class B 0.62% 110,470 $7.0M Add +23.7%
V Visa Inc. Class A 0.61% 19,806 $6.9M Add +0.3%
VOO Vanguard S&P 500 ETF 0.60% 13,321 $6.8M Add +8.5%
PG The Procter & Gamble Co. 0.60% 40,048 $6.8M Add +0.2%
CRM Salesforce Inc. 0.59% 24,832 $6.7M Reduce -0.1%
IBB iShares Biotechnology ETF 0.58% 51,190 $6.5M Reduce -3.5%
IYH iShares U.S. Healthcare ETF 0.55% 102,753 $6.3M Add +0.1%
ICSH iShares Ultra Short Duration 0.53% 118,928 $6.0M Reduce -7.7%
HON Honeywell International Inc. 0.48% 25,719 $5.4M Add +0.6%
PFF iShares Preferred & Income S 0.43% 160,008 $4.9M Reduce -37.1%
AMD Advanced Micro Devices 0.43% 47,070 $4.8M No change
PEP Pepsico Inc. 0.40% 30,042 $4.5M Add +1.0%
BIL SS SPDR BB 1-3M T-Bill ETF 0.35% 43,804 $4.0M Add +2.1%
MDLZ Mondelez International Inc. Class A 0.35% 58,757 $4.0M Reduce -3.7%
VUSB Vanguard Ultra Short Bond Et 0.32% 73,916 $3.7M Reduce -2.2%
JPST JPMorgan Ultra-Short Income 0.31% 68,363 $3.5M Reduce -5.1%
CTSH Cognizant Tech Solutions-A 0.30% 44,783 $3.4M Reduce -4.3%
IXN iShares Global Tech ETF 0.30% 44,622 $3.4M No change
LH Labcorp Holdings Inc. 0.29% 14,139 $3.3M Reduce -6.9%
FRSH Freshworks Inc. Class A 0.29% 231,481 $3.3M No change
VTEB Vanguard Tax-Exempt Bond ETF 0.25% 57,598 $2.9M Reduce -13.3%
NFLX Netflix Inc. 0.24% 2,964 $2.8M Add +0.1%
RBRK Rubrik Inc. Class A 0.24% 44,632 $2.7M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 4,842 $2.7M Add +7.3%
IAK iShares U.S. Insurance ETF 0.24% 19,485 $2.7M Reduce -3.1%
QQQ Invesco QQQ Trust Series 1 0.23% 5,535 $2.6M No change
SNOW Snowflake Inc. 0.23% 17,709 $2.6M No change
IVV iShares Core S&P 500 ETF 0.21% 4,165 $2.3M Add +0.3%
LLY Eli Lilly & Co. 0.21% 2,825 $2.3M Add +0.3%
FDN First Trust DJ Internet Ind 0.19% 9,835 $2.2M Add +2.7%
SKYY First Trust Cloud Computing 0.19% 21,011 $2.1M Reduce -5.6%
XYZ Block Inc. 0.19% 39,006 $2.1M Reduce -20.5%
VYM Vanguard High DVD Yield ETF 0.17% 15,107 $1.9M Add +0.7%
TSLA Tesla Inc. 0.16% 7,186 $1.9M Add +0.4%
AVGO Broadcom Inc. 0.16% 10,628 $1.8M Add +0.8%
VTI VG Morningstar TS MKT ETF-US 0.15% 5,990 $1.6M Add +3.3%
SNPS Synopsys Inc. 0.14% 3,708 $1.6M No change
XLF SS Financial Select Sector 0.14% 31,303 $1.6M Reduce -2.9%
EEM iShares MSCI Emerging Market 0.12% 32,078 $1.4M Reduce -16.2%
ADBE Adobe Inc. 0.11% 3,345 $1.3M No change
NOBL Proshares S&P 500 Dividend A 0.11% 11,904 $1.2M No change
VWO Vanguard Ftse Emerging Marke 0.11% 26,819 $1.2M Reduce -6.0%
MA Mastercard Inc. Class A 0.11% 2,205 $1.2M Add +0.4%
IWF iShares Russell 1000 Growth 0.10% 3,293 $1.2M No change
PYPL PayPal Holdings Inc. 0.10% 16,955 $1.1M Reduce -36.4%
XLC SS Comm Select Sector SPDR 0.07% 8,749 $844K Add +0.8%
DFUS Dimensional US Eq MKT ETF 0.07% 13,025 $788K Add +0.2%
JPM JPMorgan Chase & Co. 0.07% 3,136 $769K Add +0.6%
OGN Organon & Co. 0.07% 49,617 $739K Add +2.9%
RBLX Roblox Corp. Class A 0.06% 11,315 $660K Reduce -5.2%
SCHD Schwab US DVD Equity ETF 0.06% 23,029 $644K Add +0.9%
ANET Arista Networks Inc. 0.05% 7,952 $616K No change
SUB iShares Short-Term National 0.05% 5,511 $582K Add +0.2%
IJR iShares Core S&P Small-Cap E 0.05% 5,489 $574K Add +0.0%
IBN Icici Bank Ltd.-Spon ADR 0.05% 16,324 $515K No change
MO Altria Group Inc. 0.04% 8,414 $505K Add +0.6%
CMG Chipotle Mexican Grill Inc. 0.04% 10,050 $505K No change
TSM Taiwan Semiconductor-SP ADR 0.04% 2,940 $488K Add +0.2%
KLAC KLA Corp. 0.04% 691 $470K Add +0.1%
IJH iShares Core S&P Midcap ETF 0.04% 7,709 $450K Add +0.1%
BSX Boston Scientific Corp. 0.04% 3,992 $403K No change
COST Costco Wholesale Corp. 0.03% 404 $382K Add +0.3%
INTC Intel Corp. 0.03% 14,494 $329K Reduce -62.8%
KHC The Kraft Heinz Co. 0.03% 10,742 $327K Reduce -67.0%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 900 $317K No change
VGT Vanguard Info Tech ETF 0.03% 579 $314K Add +2.8%
TXN Texas Instruments Inc. 0.03% 1,713 $308K Add +0.8%
IYY iShares Dow Jones U.S. ETF 0.03% 2,235 $304K Add +0.2%
PAYX Paychex Inc. 0.02% 1,772 $273K Add +0.6%
INTU Intuit Inc. 0.02% 445 $273K Add +0.2%
IWM iShares Russell 2000 ETF 0.02% 1,329 $265K Add +0.2%
DGRO iShares Core Dividend Growth 0.02% 4,291 $265K Add +0.4%
ABNB Airbnb Inc. Class A 0.02% 2,197 $262K No change
MMM 3M Co. 0.02% 1,778 $261K Reduce -24.9%
TOST Toast Inc. Class A 0.02% 7,802 $259K No change
IVW iShares S&P 500 Growth ETF 0.02% 2,746 $255K Add +0.1%
NOW ServiceNow Inc. 0.02% 316 $252K Add +1.6%
VGK Vanguard Ftse Europe ETF 0.02% 3,458 $243K Add +0.4%
SHOP Shopify Inc. Class A 0.02% 2,500 $239K No change
GBTC Grayscale Bitcoin Trust ETF 0.02% 3,640 $237K No change
SCHX Schwab US Large-Cap ETF 0.02% 10,603 $234K Add +0.0%
JEPI JPMorgan Equity Premium Inco 0.02% 3,943 $225K Add +6.6%
ACN Accenture PLC Class A 0.02% 717 $224K Reduce -10.6%
CSCO Cisco Systems Inc. 0.02% 3,353 $207K Reduce -14.1%
ONEQ Fidelity Nasdaq Comp Indx 0.02% 2,985 $203K Reduce -40.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 812 $202K New
OPEN Opendoor Technologies Inc. 0.00% 10,000 $10K New

Portfolio Sells Q4 2024 → Q1 2025
META Meta Platforms Inc. Class A Reduce -12.2% 18.73% −1.88
GOOGL Alphabet Inc. Class A Reduce -0.2% 1.99% −0.33
AAPL Apple Inc. Reduce -1.2% 3.65% −0.31
NVDA Nvidia Corp. Reduce -7.9% 0.90% −0.25
PFF iShares Preferred & Income S Reduce -37.1% 0.43% −0.24
IGV iShares Expanded Tech-Softwa Reduce -0.1% 3.20% −0.23
AMZN Amazon.com Inc. Reduce -0.3% 2.21% −0.22
SSO Proshares Ultra S&P500 Reduce -11.5% 1.02% −0.20
ORCL Oracle Corp. Reduce -1.4% 1.31% −0.20
XYZ Block Inc. Reduce -20.5% 0.19% −0.16
CRM Salesforce Inc. Reduce -0.1% 0.59% −0.11
PYPL PayPal Holdings Inc. Reduce -36.4% 0.10% −0.09
BAC Bank of America Corp. Reduce -5.5% 1.41% −0.08
KHC The Kraft Heinz Co. Reduce -67.0% 0.03% −0.06
HD Home Depot Inc. Reduce -2.3% 1.44% −0.05
AXP American Express Co. Reduce -0.8% 0.80% −0.05
INTC Intel Corp. Reduce -62.8% 0.03% −0.04
ADI Analog Devices Inc. Reduce -2.5% 1.31% −0.04
SKYY First Trust Cloud Computing Reduce -5.6% 0.19% −0.03
VTEB Vanguard Tax-Exempt Bond ETF Reduce -13.3% 0.25% −0.03
UWM Proshares Ultra RUSSELL2000 Sold out 0.00% −0.03
HUM Humana Inc. Sold out 0.00% −0.02
ICF iShares Select U.S. REIT ETF Sold out 0.00% −0.02
DIS The Walt Disney Co. Sold out 0.00% −0.02
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.02
ZM Zoom Communications Inc. Sold out 0.00% −0.02
TNA Dir Dai SML Ca Bul 3X Et-Usd Sold out 0.00% −0.02
VXF Vanguard Extended Market ETF Sold out 0.00% −0.02
TWLO Twilio Inc. Class A Sold out 0.00% −0.02
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.02
ONEQ Fidelity Nasdaq Comp Indx Reduce -40.1% 0.02% −0.01
ICSH iShares Ultra Short Duration Reduce -7.7% 0.53% −0.01
IBB iShares Biotechnology ETF Reduce -3.5% 0.58% −0.01
EEM iShares MSCI Emerging Market Reduce -16.2% 0.12% −0.01
ACN Accenture PLC Class A Reduce -10.6% 0.02% −0.00
MMM 3M Co. Reduce -24.9% 0.02% −0.00
LH Labcorp Holdings Inc. Reduce -6.9% 0.29% −0.00
CSCO Cisco Systems Inc. Reduce -14.1% 0.02% −0.00
WGHTQ WW International Inc. Sold out 0.00% −0.00
RBLX Roblox Corp. Class A Reduce -5.2% 0.06% +0.00
CTSH Cognizant Tech Solutions-A Reduce -4.3% 0.30% +0.00
JPST JPMorgan Ultra-Short Income Reduce -5.1% 0.31% +0.00
VWO Vanguard Ftse Emerging Marke Reduce -6.0% 0.11% +0.00
XLF SS Financial Select Sector Reduce -2.9% 0.14% +0.01
VUSB Vanguard Ultra Short Bond Et Reduce -2.2% 0.32% +0.01
IAK iShares U.S. Insurance ETF Reduce -3.1% 0.24% +0.02
QCOM Qualcomm Inc. Reduce -3.5% 2.10% +0.03
MDLZ Mondelez International Inc. Class A Reduce -3.7% 0.35% +0.05
NTNX Nutanix Inc. Class A Reduce -10.0% 1.02% +0.08
SBUX Starbucks Corp. Reduce -0.5% 0.73% +0.08

Portfolio Buys Q4 2024 → Q1 2025
BRK.B Berkshire Hathaway Inc. Class B Add +0.4% 8.90% +1.73
ABBV Abbvie Inc. Add +0.0% 4.16% +0.80
UNH Unitedhealth Group Inc. Add +3.0% 5.77% +0.62
XLV SS Health Care Select Sector Add +0.5% 2.30% +0.25
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +4.4% 2.67% +0.18
V Visa Inc. Class A Add +0.3% 0.61% +0.09
VHT Vanguard Health Care ETF Add +5.0% 0.64% +0.08
MRK Merck & Co. Inc. Add +14.6% 0.99% +0.08
NKE Nike Inc. Class B Add +23.7% 0.62% +0.05
IYH iShares U.S. Healthcare ETF Add +0.1% 0.55% +0.05
VOO Vanguard S&P 500 ETF Add +8.5% 0.60% +0.05
PG The Procter & Gamble Co. Add +0.2% 0.60% +0.04
BIL SS SPDR BB 1-3M T-Bill ETF Add +2.1% 0.35% +0.03
LLY Eli Lilly & Co. Add +0.3% 0.21% +0.02
NFLX Netflix Inc. Add +0.1% 0.24% +0.02
PEP Pepsico Inc. Add +1.0% 0.40% +0.02
IBM Intl Business Machines Corp. New 0.02% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +7.3% 0.24% +0.02
VYM Vanguard High DVD Yield ETF Add +0.7% 0.17% +0.01
MA Mastercard Inc. Class A Add +0.4% 0.11% +0.01
MO Altria Group Inc. Add +0.6% 0.04% +0.01
JPM JPMorgan Chase & Co. Add +0.6% 0.07% +0.01
KLAC KLA Corp. Add +0.1% 0.04% +0.01
OGN Organon & Co. Add +2.9% 0.07% +0.00
SCHD Schwab US DVD Equity ETF Add +0.9% 0.06% +0.00
VTI VG Morningstar TS MKT ETF-US Add +3.3% 0.15% +0.00
XLC SS Comm Select Sector SPDR Add +0.8% 0.07% +0.00
PAYX Paychex Inc. Add +0.6% 0.02% +0.00
VGK Vanguard Ftse Europe ETF Add +0.4% 0.02% +0.00
COST Costco Wholesale Corp. Add +0.3% 0.03% +0.00
SUB iShares Short-Term National Add +0.2% 0.05% +0.00
JEPI JPMorgan Equity Premium Inco Add +6.6% 0.02% +0.00
DGRO iShares Core Dividend Growth Add +0.4% 0.02% +0.00
IVV iShares Core S&P 500 ETF Add +0.3% 0.21% +0.00
OPEN Opendoor Technologies Inc. New 0.00% +0.00
INTU Intuit Inc. Add +0.2% 0.02% +0.00
TXN Texas Instruments Inc. Add +0.8% 0.03% +0.00
IYY iShares Dow Jones U.S. ETF Add +0.2% 0.03% +0.00
DFUS Dimensional US Eq MKT ETF Add +0.2% 0.07% 0.00
SCHX Schwab US Large-Cap ETF Add +0.0% 0.02% 0.00
IJH iShares Core S&P Midcap ETF Add +0.1% 0.04% −0.00
IVW iShares S&P 500 Growth ETF Add +0.1% 0.02% −0.00
IWM iShares Russell 2000 ETF Add +0.2% 0.02% −0.00
VGT Vanguard Info Tech ETF Add +2.8% 0.03% −0.00
IJR iShares Core S&P Small-Cap E Add +0.0% 0.05% −0.00
FDN First Trust DJ Internet Ind Add +2.7% 0.19% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Add +5.2% 3.59% −0.00
HON Honeywell International Inc. Add +0.6% 0.48% −0.00
NOW ServiceNow Inc. Add +1.6% 0.02% −0.01
TSM Taiwan Semiconductor-SP ADR Add +0.2% 0.04% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 137$1.2BMETA, AAPL, VUG, BRK.B, UNH
Q1 2026 119$1.1BMETA, BRK.B, AAPL, VUG, ABBV
Q4 2025 137$1.3BMETA, BRK.B, AAPL, VUG, ABBV
Q3 2025 139$1.3BMETA, BRK.B, AAPL, VUG, ABBV
Q2 2025 132$1.2BMETA, BRK.B, VUG, AAPL, IGV
Q1 2025 120$1.1BMETA, BRK.B, UNH, ABBV, AAPL
Q4 2024 129$1.2BMETA, BRK.B, UNH, AAPL, VUG
Q3 2024 133$1.2BMETA, BRK.B, UNH, ABBV, AAPL
Q2 2024 130$1.1BMETA, UNH, AAPL, VUG, ABBV
Q1 2024 123$1.1BMETA, UNH, ABBV, BRK.B, VUG