SP Asset Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), SP Asset Management LLC reported 132 stock positions worth $1.2 billion. Its top holding was Meta Platforms Class A (META) at 21.0% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.6%) and Vanguard Mrngstar GR ETF-Sui (VUG, 4.2%). Compared with Q1 2025, it opened 12 new positions, added to 61 and reduced 45. The biggest buy was iShares Expanded Tech-Softwa (IGV, shares +5%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −0%).

Most Recent 13F
Q2 2026
Location
CUPERTINO, CA
CIK
0001962086
Portfolio Value
$1.2B (Q2 2025)
SEC Filing
0001962086-25-000004 ↗ filed Aug 6, 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 Q1 2025 Q2 2025: $1.2B $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 132 stocks · $1.2B
META Meta Platforms Inc. Class A 20.99% 344,669 $254.4M Reduce -6.5%
BRK.B Berkshire Hathaway Inc. Class B 7.59% 189,447 $92.0M Reduce -0.1%
VUG Vanguard Mrngstar GR ETF-Sui 4.20% 116,169 $50.9M Add +5.8%
AAPL Apple Inc. 4.02% 237,352 $48.7M Add +27.4%
IGV iShares Expanded Tech-Softwa 3.85% 426,277 $46.7M Add +4.6%
ABBV Abbvie Inc. 3.46% 225,937 $41.9M Add +0.3%
UNH Unitedhealth Group Inc. 3.44% 133,618 $41.7M Add +7.0%
MSFT Microsoft Corp. 3.22% 78,510 $39.1M Reduce -2.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.92% 126,265 $35.3M Add +8.0%
AMZN Amazon.com Inc. 2.36% 130,246 $28.6M Reduce -1.3%
VB Vanguard Most SM-Cap ETF-Usd 2.13% 109,028 $25.8M Reduce -17.6%
GOOGL Alphabet Inc. Class A 2.11% 145,112 $25.6M Reduce -0.5%
QCOM Qualcomm Inc. 1.97% 149,628 $23.8M Reduce -3.7%
XLV SS Health Care Select Sector 1.94% 174,240 $23.5M Reduce -2.3%
ORCL Oracle Corp. 1.93% 106,775 $23.3M Add +0.3%
WFC Wells Fargo & Co. 1.81% 273,798 $21.9M Add +0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.49% 382,257 $18.1M Reduce -0.5%
ADI Analog Devices Inc. 1.44% 73,483 $17.5M Reduce -0.5%
ABT Abbott Laboratories 1.44% 127,956 $17.4M Add +8.3%
HD Home Depot Inc. 1.31% 43,310 $15.9M Reduce -2.7%
XLE SS Energy Select Sector 1.27% 181,859 $15.4M Reduce -0.6%
NVDA Nvidia Corp. 1.16% 88,826 $14.0M Reduce -5.3%
JNJ Johnson & Johnson 1.14% 90,178 $13.8M Add +1.1%
PM Philip Morris International 1.04% 68,952 $12.6M Add +2.2%
NTNX Nutanix Inc. Class A 0.97% 154,223 $11.8M Reduce -6.5%
AMAT Applied Materials Inc. 0.89% 58,741 $10.8M Add +0.6%
AXP American Express Co. 0.89% 33,642 $10.7M Add +0.2%
GOOG Alphabet Inc. Class C 0.86% 58,655 $10.4M Reduce -0.5%
VOO Vanguard S&P 500 ETF 0.83% 17,677 $10.0M Add +32.7%
MRK Merck & Co. Inc. 0.78% 119,987 $9.5M Reduce -4.4%
XOM Exxon Mobil Corp. 0.71% 80,035 $8.6M Add +4.0%
VHT Vanguard Health Care ETF 0.64% 31,399 $7.8M Add +14.2%
SBUX Starbucks Corp. 0.61% 80,136 $7.3M Reduce -4.7%
V Visa Inc. Class A 0.58% 19,746 $7.0M Reduce -0.3%
CRM Salesforce Inc. 0.56% 24,875 $6.8M Add +0.2%
AMD Advanced Micro Devices 0.55% 47,050 $6.7M Reduce -0.0%
PG The Procter & Gamble Co. 0.53% 40,307 $6.4M Add +0.7%
HON Honeywell International Inc. 0.50% 25,794 $6.0M Add +0.3%
IBB iShares Biotechnology ETF 0.49% 47,140 $6.0M Reduce -7.9%
IYH iShares U.S. Healthcare ETF 0.48% 102,845 $5.8M Add +0.1%
NKE Nike Inc. Class B 0.48% 81,630 $5.8M Reduce -26.1%
SSO Proshares Ultra S&P500 0.42% 52,240 $5.1M Reduce -62.5%
ICSH iShares Ultra Short Duration 0.42% 99,297 $5.0M Reduce -16.5%
PFF iShares Preferred & Income S 0.37% 146,826 $4.5M Reduce -8.2%
IXN iShares Global Tech ETF 0.34% 44,660 $4.1M Add +0.1%
BIL SS SPDR BB 1-3M T-Bill ETF 0.33% 44,185 $4.1M Add +0.9%
RBRK Rubrik Inc. Class A 0.33% 44,632 $4.0M No change
NFLX Netflix Inc. 0.33% 2,980 $4.0M Add +0.5%
MDLZ Mondelez International Inc. Class A 0.33% 59,150 $4.0M Add +0.7%
PEP Pepsico Inc. 0.33% 30,162 $4.0M Add +0.4%
SNOW Snowflake Inc. 0.33% 17,709 $4.0M No change
LH Labcorp Holdings Inc. 0.31% 14,177 $3.7M Add +0.3%
VUSB Vanguard Ultra Short Bond Et 0.30% 73,820 $3.7M Reduce -0.1%
JPST JPMorgan Ultra-Short Income 0.29% 68,182 $3.5M Reduce -0.3%
CTSH Cognizant Tech Solutions-A 0.28% 42,973 $3.4M Reduce -4.0%
FRSH Freshworks Inc. Class A 0.27% 218,000 $3.3M Reduce -5.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 4,861 $3.0M Add +0.4%
AVGO Broadcom Inc. 0.24% 10,772 $3.0M Add +1.4%
QQQ Invesco QQQ Trust Series 1 0.22% 4,924 $2.7M Reduce -11.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.22% 54,320 $2.7M Reduce -5.7%
FDN First Trust DJ Internet Ind 0.22% 9,835 $2.6M No change
IAK iShares U.S. Insurance ETF 0.22% 19,505 $2.6M Add +0.1%
IVV iShares Core S&P 500 ETF 0.21% 4,196 $2.6M Add +0.7%
SKYY First Trust Cloud Computing 0.21% 21,011 $2.6M No change
XYZ Block Inc. 0.20% 34,999 $2.4M Reduce -10.3%
LLY Eli Lilly & Co. 0.18% 2,834 $2.2M Add +0.3%
VYM Vanguard High DVD Yield ETF 0.17% 15,196 $2.0M Add +0.6%
SNPS Synopsys Inc. 0.16% 3,708 $1.9M No change
NOW ServiceNow Inc. 0.14% 1,619 $1.7M Add +412.3%
IWF iShares Russell 1000 Growth 0.13% 3,828 $1.6M Add +16.3%
VTI VG Morningstar TS MKT ETF-US 0.12% 4,908 $1.5M Reduce -18.1%
XLF SS Financial Select Sector 0.11% 26,456 $1.4M Reduce -15.5%
TSLA Tesla Inc. 0.11% 4,236 $1.3M Reduce -41.0%
VWO Vanguard Ftse Emerging Marke 0.11% 26,480 $1.3M Reduce -1.3%
ADBE Adobe Inc. 0.11% 3,345 $1.3M No change
EEM iShares MSCI Emerging Market 0.10% 26,031 $1.3M Reduce -18.9%
MA Mastercard Inc. Class A 0.10% 2,217 $1.2M Add +0.5%
NOBL Proshares S&P 500 Dividend A 0.10% 11,958 $1.2M Add +0.5%
PYPL PayPal Holdings Inc. 0.09% 14,435 $1.1M Reduce -14.9%
XLC SS Comm Select Sector SPDR 0.08% 8,768 $952K Add +0.2%
RBLX Roblox Corp. Class A 0.08% 8,895 $936K Reduce -21.4%
JPM JPMorgan Chase & Co. 0.08% 3,190 $925K Add +1.7%
DFUS Dimensional US Eq MKT ETF 0.07% 13,060 $875K Add +0.3%
ANET Arista Networks Inc. 0.07% 7,952 $814K No change
MO Altria Group Inc. 0.07% 13,760 $807K Add +63.5%
TSM Taiwan Semiconductor-SP ADR 0.06% 2,950 $668K Add +0.3%
SCHD Schwab US DVD Equity ETF 0.05% 23,606 $626K Add +2.5%
KLAC KLA Corp. 0.05% 693 $621K Add +0.3%
IJR iShares Core S&P Small-Cap E 0.05% 5,414 $592K Reduce -1.4%
SUB iShares Short-Term National 0.05% 5,543 $589K Add +0.6%
CMG Chipotle Mexican Grill Inc. 0.05% 10,050 $564K No change
UAN CVR Partners LP 0.05% 6,281 $558K New
ET Energy Transfer LP 0.04% 26,561 $482K New
IJH iShares Core S&P Midcap ETF 0.04% 7,717 $479K Add +0.1%
IBN Icici Bank Ltd.-Spon ADR 0.04% 13,259 $446K Reduce -18.8%
VGT Vanguard Info Tech ETF 0.04% 665 $441K Add +14.8%
BSX Boston Scientific Corp. 0.04% 3,992 $429K No change
OGN Organon & Co. 0.03% 42,882 $415K Reduce -13.6%
COST Costco Wholesale Corp. 0.03% 410 $406K Add +1.5%
COIN Coinbase Global Inc. Class A 0.03% 1,028 $360K New
INTU Intuit Inc. 0.03% 454 $357K Add +2.0%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 700 $357K Reduce -22.2%
TOST Toast Inc. Class A 0.03% 7,802 $346K No change
IYY iShares Dow Jones U.S. ETF 0.03% 2,241 $338K Add +0.3%
GBTC Grayscale Bitcoin Trust ETF 0.03% 3,640 $309K No change
IVW iShares S&P 500 Growth ETF 0.03% 2,749 $303K Add +0.1%
ABNB Airbnb Inc. Class A 0.02% 2,197 $291K No change
SHOP Shopify Inc. Class A 0.02% 2,500 $288K No change
INTC Intel Corp. 0.02% 12,845 $288K Reduce -11.4%
IWM iShares Russell 2000 ETF 0.02% 1,333 $288K Add +0.3%
TXN Texas Instruments Inc. 0.02% 1,377 $286K Reduce -19.6%
DGRO iShares Core Dividend Growth 0.02% 4,308 $275K Add +0.4%
MMM 3M Co. 0.02% 1,787 $272K Add +0.5%
VGK Vanguard Ftse Europe ETF 0.02% 3,508 $272K Add +1.4%
PAYX Paychex Inc. 0.02% 1,784 $260K Add +0.7%
SCHX Schwab US Large-Cap ETF 0.02% 10,604 $259K Add +0.0%
DASH DoorDash Inc. Class A 0.02% 1,000 $247K New
CSCO Cisco Systems Inc. 0.02% 3,488 $242K Add +4.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 814 $240K Add +0.3%
ONEQ Fidelity Nasdaq Comp Indx 0.02% 2,990 $239K Add +0.2%
TWLO Twilio Inc. Class A 0.02% 1,865 $232K New
PLTR Palantir Technologies Inc. Class A 0.02% 1,700 $232K New
JEPI JPMorgan Equity Premium Inco 0.02% 4,032 $229K Add +2.3%
IWD iShares Russell 1000 Value E 0.02% 1,140 $221K New
G Genpact Ltd. 0.02% 5,001 $220K New
ACN Accenture PLC Class A 0.02% 720 $215K Add +0.4%
DELL Dell Technologies -C 0.02% 1,725 $211K New
VEA Vanguard Ftse Developed ETF 0.02% 3,653 $208K New
CLMT Calumet Inc. 0.02% 13,000 $205K New
KHC The Kraft Heinz Co. 0.02% 7,923 $205K Reduce -26.2%
WKHS Workhorse Group Inc. 0.00% 10,000 $11K New
OPEN Opendoor Technologies Inc. 0.00% 10,000 $5K No change

Portfolio Sells Q1 2025 → Q2 2025
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 7.59% −1.31
SSO Proshares Ultra S&P500 Reduce -62.5% 0.42% −0.60
VB Vanguard Most SM-Cap ETF-Usd Reduce -17.6% 2.13% −0.46
XLV SS Health Care Select Sector Reduce -2.3% 1.94% −0.36
XLE SS Energy Select Sector Reduce -0.6% 1.27% −0.23
MRK Merck & Co. Inc. Reduce -4.4% 0.78% −0.21
NKE Nike Inc. Class B Reduce -26.1% 0.48% −0.14
QCOM Qualcomm Inc. Reduce -3.7% 1.97% −0.14
HD Home Depot Inc. Reduce -2.7% 1.31% −0.13
SBUX Starbucks Corp. Reduce -4.7% 0.61% −0.12
ICSH iShares Ultra Short Duration Reduce -16.5% 0.42% −0.12
IBB iShares Biotechnology ETF Reduce -7.9% 0.49% −0.09
PFF iShares Preferred & Income S Reduce -8.2% 0.37% −0.06
TSLA Tesla Inc. Reduce -41.0% 0.11% −0.05
NTNX Nutanix Inc. Class A Reduce -6.5% 0.97% −0.04
V Visa Inc. Class A Reduce -0.3% 0.58% −0.03
VTEB Vanguard Tax-Exempt Bond ETF Reduce -5.7% 0.22% −0.03
OGN Organon & Co. Reduce -13.6% 0.03% −0.03
CTSH Cognizant Tech Solutions-A Reduce -4.0% 0.28% −0.03
XLF SS Financial Select Sector Reduce -15.5% 0.11% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -18.1% 0.12% −0.02
VUSB Vanguard Ultra Short Bond Et Reduce -0.1% 0.30% −0.02
EEM iShares MSCI Emerging Market Reduce -18.9% 0.10% −0.02
JPST JPMorgan Ultra-Short Income Reduce -0.3% 0.29% −0.02
FRSH Freshworks Inc. Class A Reduce -5.8% 0.27% −0.02
KHC The Kraft Heinz Co. Reduce -26.2% 0.02% −0.01
PYPL PayPal Holdings Inc. Reduce -14.9% 0.09% −0.01
IBN Icici Bank Ltd.-Spon ADR Reduce -18.8% 0.04% −0.01
INTC Intel Corp. Reduce -11.4% 0.02% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -11.0% 0.22% −0.00
TXN Texas Instruments Inc. Reduce -19.6% 0.02% −0.00
IJR iShares Core S&P Small-Cap E Reduce -1.4% 0.05% −0.00
VWO Vanguard Ftse Emerging Marke Reduce -1.3% 0.11% +0.00
CRWD CrowdStrike Holdings Inc. Class A Reduce -22.2% 0.03% +0.00
XYZ Block Inc. Reduce -10.3% 0.20% +0.01
RBLX Roblox Corp. Class A Reduce -21.4% 0.08% +0.02
GOOG Alphabet Inc. Class C Reduce -0.5% 0.86% +0.05
BAC Bank of America Corp. Reduce -0.5% 1.49% +0.08
GOOGL Alphabet Inc. Class A Reduce -0.5% 2.11% +0.12
AMD Advanced Micro Devices Reduce -0.0% 0.55% +0.12
ADI Analog Devices Inc. Reduce -0.5% 1.44% +0.13
AMZN Amazon.com Inc. Reduce -1.3% 2.36% +0.15
NVDA Nvidia Corp. Reduce -5.3% 1.16% +0.26
MSFT Microsoft Corp. Reduce -2.3% 3.22% +0.56
META Meta Platforms Inc. Class A Reduce -6.5% 20.99% +2.26

Portfolio Buys Q1 2025 → Q2 2025
IGV iShares Expanded Tech-Softwa Add +4.6% 3.85% +0.66
ORCL Oracle Corp. Add +0.3% 1.93% +0.61
VUG Vanguard Mrngstar GR ETF-Sui Add +5.8% 4.20% +0.61
AAPL Apple Inc. Add +27.4% 4.02% +0.37
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +8.0% 2.92% +0.25
VOO Vanguard S&P 500 ETF Add +32.7% 0.83% +0.23
AMAT Applied Materials Inc. Add +0.6% 0.89% +0.14
NOW ServiceNow Inc. Add +412.3% 0.14% +0.12
PM Philip Morris International Add +2.2% 1.04% +0.09
AXP American Express Co. Add +0.2% 0.89% +0.09
AVGO Broadcom Inc. Add +1.4% 0.24% +0.09
WFC Wells Fargo & Co. Add +0.6% 1.81% +0.09
NFLX Netflix Inc. Add +0.5% 0.33% +0.09
ABT Abbott Laboratories Add +8.3% 1.44% +0.05
UAN CVR Partners LP New 0.05% +0.05
IXN iShares Global Tech ETF Add +0.1% 0.34% +0.04
ET Energy Transfer LP New 0.04% +0.04
COIN Coinbase Global Inc. Class A New 0.03% +0.03
IWF iShares Russell 1000 Growth Add +16.3% 0.13% +0.03
MO Altria Group Inc. Add +63.5% 0.07% +0.02
DASH DoorDash Inc. Class A New 0.02% +0.02
PLTR Palantir Technologies Inc. Class A New 0.02% +0.02
TWLO Twilio Inc. Class A New 0.02% +0.02
IWD iShares Russell 1000 Value E New 0.02% +0.02
G Genpact Ltd. New 0.02% +0.02
DELL Dell Technologies -C New 0.02% +0.02
VEA Vanguard Ftse Developed ETF New 0.02% +0.02
LH Labcorp Holdings Inc. Add +0.3% 0.31% +0.02
CLMT Calumet Inc. New 0.02% +0.02
HON Honeywell International Inc. Add +0.3% 0.50% +0.02
TSM Taiwan Semiconductor-SP ADR Add +0.3% 0.06% +0.01
KLAC KLA Corp. Add +0.3% 0.05% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.4% 0.25% +0.01
IVV iShares Core S&P 500 ETF Add +0.7% 0.21% +0.01
VGT Vanguard Info Tech ETF Add +14.8% 0.04% +0.01
JPM JPMorgan Chase & Co. Add +1.7% 0.08% +0.01
INTU Intuit Inc. Add +2.0% 0.03% +0.01
XLC SS Comm Select Sector SPDR Add +0.2% 0.08% +0.00
DFUS Dimensional US Eq MKT ETF Add +0.3% 0.07% +0.00
IVW iShares S&P 500 Growth ETF Add +0.1% 0.03% +0.00
IBM Intl Business Machines Corp. Add +0.3% 0.02% +0.00
ONEQ Fidelity Nasdaq Comp Indx Add +0.2% 0.02% +0.00
CSCO Cisco Systems Inc. Add +4.0% 0.02% +0.00
VHT Vanguard Health Care ETF Add +14.2% 0.64% +0.00
IYY iShares Dow Jones U.S. ETF Add +0.3% 0.03% +0.00
VGK Vanguard Ftse Europe ETF Add +1.4% 0.02% +0.00
WKHS Workhorse Group Inc. New 0.00% +0.00
SCHX Schwab US Large-Cap ETF Add +0.0% 0.02% +0.00
IWM iShares Russell 2000 ETF Add +0.3% 0.02% +0.00
COST Costco Wholesale Corp. Add +1.5% 0.03% −0.00

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