SP Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), SP Asset Management LLC reported 139 stock positions worth $1.3 billion. Its top holding was Meta Platforms Class A (META) at 20.0% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.6%) and Apple (AAPL, 4.5%). Compared with Q2 2025, it opened 12 new positions, sold out of 5, added to 68 and reduced 36. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale Unitedhealth (UNH, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- CUPERTINO, CA
- CIK
- 0001962086
- Portfolio Value
- $1.3B (Q3 2025)
- SEC Filing
- 0001962086-25-000007 ↗ filed Nov 4, 2025
Holdings Value
Holdings 139 stocks · $1.3B
| META Meta Platforms Inc. Class A | 19.95% | 342,310 | $251.4M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.58% | 189,901 | $95.5M | Add +0.2% |
| AAPL Apple Inc. | 4.50% | 222,647 | $56.7M | Reduce -6.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 4.41% | 115,898 | $55.6M | Reduce -0.2% |
| ABBV Abbvie Inc. | 4.17% | 227,004 | $52.6M | Add +0.5% |
| IGV iShares Expanded Tech-Softwa | 3.85% | 421,266 | $48.4M | Reduce -1.2% |
| MSFT Microsoft Corp. | 3.41% | 83,045 | $43.0M | Add +5.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.96% | 126,788 | $37.2M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 2.84% | 147,268 | $35.8M | Add +1.5% |
| ORCL Oracle Corp. | 2.37% | 106,365 | $29.9M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 2.36% | 135,178 | $29.7M | Add +3.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.16% | 106,809 | $27.2M | Reduce -2.0% |
| UNH Unitedhealth Group Inc. | 1.98% | 72,302 | $25.0M | Reduce -45.9% |
| QCOM Qualcomm Inc. | 1.95% | 147,723 | $24.6M | Reduce -1.3% |
| XLV SS Health Care Select Sector | 1.93% | 174,507 | $24.3M | Add +0.1% |
| WFC Wells Fargo & Co. | 1.83% | 274,539 | $23.0M | Add +0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.57% | 384,118 | $19.8M | Add +0.5% |
| ADI Analog Devices Inc. | 1.44% | 73,764 | $18.1M | Add +0.4% |
| HD Home Depot Inc. | 1.39% | 43,262 | $17.5M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.35% | 91,267 | $17.0M | Add +2.8% |
| ABT Abbott Laboratories | 1.35% | 127,114 | $17.0M | Reduce -0.7% |
| JNJ Johnson & Johnson | 1.30% | 88,630 | $16.4M | Reduce -1.7% |
| XLE SS Energy Select Sector | 1.27% | 179,552 | $16.0M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 1.16% | 60,259 | $14.7M | Add +2.7% |
| PM Philip Morris International | 0.89% | 69,276 | $11.2M | Add +0.5% |
| AXP American Express Co. | 0.89% | 33,705 | $11.2M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 0.88% | 18,141 | $11.1M | Add +2.6% |
| NTNX Nutanix Inc. Class A | 0.83% | 140,193 | $10.4M | Reduce -9.1% |
| MRK Merck & Co. Inc. | 0.79% | 118,205 | $9.9M | Reduce -1.5% |
| XOM Exxon Mobil Corp. | 0.72% | 80,717 | $9.1M | Add +0.8% |
| VHT Vanguard Health Care ETF | 0.67% | 32,546 | $8.4M | Add +3.6% |
| AMD Advanced Micro Devices | 0.61% | 47,510 | $7.7M | Add +1.0% |
| SBUX Starbucks Corp. | 0.54% | 79,798 | $6.8M | Reduce -0.4% |
| V Visa Inc. Class A | 0.53% | 19,623 | $6.7M | Reduce -0.6% |
| PG The Procter & Gamble Co. | 0.49% | 40,485 | $6.2M | Add +0.4% |
| IBB iShares Biotechnology ETF | 0.49% | 42,547 | $6.1M | Reduce -9.7% |
| IYH iShares U.S. Healthcare ETF | 0.48% | 102,947 | $6.0M | Add +0.1% |
| NKE Nike Inc. Class B | 0.45% | 82,055 | $5.7M | Add +0.5% |
| CRM Salesforce Inc. | 0.45% | 23,979 | $5.7M | Reduce -3.6% |
| HON Honeywell International Inc. | 0.43% | 25,929 | $5.5M | Add +0.5% |
| ICSH iShares Ultra Short Duration | 0.40% | 100,122 | $5.1M | Add +0.8% |
| IXN iShares Global Tech ETF | 0.37% | 44,660 | $4.6M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.36% | 49,941 | $4.6M | Add +13.0% |
| PEP Pepsico Inc. | 0.33% | 30,043 | $4.2M | Reduce -0.4% |
| LH Labcorp Holdings Inc. | 0.32% | 14,213 | $4.1M | Add +0.3% |
| AMAT Applied Materials Inc. | 0.32% | 19,899 | $4.1M | Reduce -66.1% |
| VUSB Vanguard Ultra Short Bond Et | 0.30% | 74,671 | $3.7M | Add +1.1% |
| MDLZ Mondelez International Inc. Class A | 0.30% | 59,533 | $3.7M | Add +0.7% |
| RBRK Rubrik Inc. Class A | 0.29% | 44,632 | $3.7M | No change |
| NFLX Netflix Inc. | 0.28% | 2,980 | $3.6M | No change |
| AVGO Broadcom Inc. | 0.28% | 10,745 | $3.5M | Reduce -0.3% |
| PFF iShares Preferred & Income S | 0.28% | 110,435 | $3.5M | Reduce -24.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 5,182 | $3.5M | Add +6.6% |
| SSO Proshares Ultra S&P500 | 0.27% | 30,328 | $3.4M | Reduce -41.9% |
| SNOW Snowflake Inc. | 0.27% | 15,009 | $3.4M | Reduce -15.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 5,416 | $3.3M | Add +10.0% |
| JPST JPMorgan Ultra-Short Income | 0.25% | 63,151 | $3.2M | Reduce -7.4% |
| IVV iShares Core S&P 500 ETF | 0.25% | 4,689 | $3.1M | Add +11.8% |
| CTSH Cognizant Tech Solutions-A | 0.23% | 43,152 | $2.9M | Add +0.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.22% | 54,757 | $2.7M | Add +0.8% |
| PANW Palo Alto Networks Inc. | 0.21% | 13,036 | $2.7M | New |
| IAK iShares U.S. Insurance ETF | 0.21% | 19,535 | $2.6M | Add +0.1% |
| FRSH Freshworks Inc. Class A | 0.20% | 218,000 | $2.6M | No change |
| SKYY First Trust Cloud Computing | 0.19% | 17,628 | $2.4M | Reduce -16.1% |
| FDN First Trust DJ Internet Ind | 0.18% | 7,924 | $2.2M | Reduce -19.4% |
| LLY Eli Lilly & Co. | 0.17% | 2,836 | $2.2M | Add +0.1% |
| VYM Vanguard High DVD Yield ETF | 0.17% | 15,286 | $2.2M | Add +0.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 6,560 | $2.2M | Add +33.7% |
| TSLA Tesla Inc. | 0.16% | 4,465 | $2.0M | Add +5.4% |
| SNPS Synopsys Inc. | 0.15% | 3,708 | $1.8M | No change |
| IWF iShares Russell 1000 Growth | 0.14% | 3,828 | $1.8M | No change |
| XYZ Block Inc. | 0.14% | 24,704 | $1.8M | Reduce -29.4% |
| XLF SS Financial Select Sector | 0.11% | 26,537 | $1.4M | Add +0.3% |
| VWO Vanguard Ftse Emerging Marke | 0.11% | 26,262 | $1.4M | Reduce -0.8% |
| EEM iShares MSCI Emerging Market | 0.11% | 25,829 | $1.4M | Reduce -0.8% |
| INTC Intel Corp. | 0.10% | 37,508 | $1.3M | Add +192.0% |
| MA Mastercard Inc. Class A | 0.10% | 2,202 | $1.3M | Reduce -0.7% |
| NOBL Proshares S&P 500 Dividend A | 0.10% | 12,088 | $1.2M | Add +1.1% |
| RBLX Roblox Corp. Class A | 0.10% | 8,895 | $1.2M | No change |
| ADBE Adobe Inc. | 0.09% | 3,345 | $1.2M | No change |
| ANET Arista Networks Inc. | 0.09% | 7,952 | $1.2M | No change |
| IBN Icici Bank Ltd.-Spon ADR | 0.08% | 35,361 | $1.1M | Add +166.7% |
| JPM JPMorgan Chase & Co. | 0.08% | 3,199 | $1.0M | Add +0.3% |
| XLC SS Comm Select Sector SPDR | 0.08% | 8,356 | $989K | Reduce -4.7% |
| DFUS Dimensional US Eq MKT ETF | 0.08% | 13,093 | $948K | Add +0.3% |
| MO Altria Group Inc. | 0.07% | 13,974 | $923K | Add +1.6% |
| PYPL PayPal Holdings Inc. | 0.07% | 12,910 | $866K | Reduce -10.6% |
| UI Ubiquiti Inc. | 0.07% | 1,300 | $859K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 2,958 | $826K | Add +0.3% |
| KLAC KLA Corp. | 0.06% | 695 | $749K | Add +0.3% |
| UAN CVR Partners LP | 0.05% | 7,659 | $690K | Add +21.9% |
| VGT Vanguard Info Tech ETF | 0.05% | 899 | $671K | Add +35.2% |
| SCHD Schwab US DVD Equity ETF | 0.05% | 23,829 | $651K | Add +0.9% |
| IJR iShares Core S&P Small-Cap E | 0.05% | 5,441 | $647K | Add +0.5% |
| CSCO Cisco Systems Inc. | 0.05% | 9,441 | $646K | Add +170.7% |
| SUB iShares Short-Term National | 0.05% | 5,577 | $596K | Add +0.6% |
| ET Energy Transfer LP | 0.04% | 30,042 | $516K | Add +13.1% |
| IJH iShares Core S&P Midcap ETF | 0.04% | 7,813 | $510K | Add +1.2% |
| CMG Chipotle Mexican Grill Inc. | 0.03% | 10,000 | $392K | Reduce -0.5% |
| BSX Boston Scientific Corp. | 0.03% | 3,992 | $390K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | Reduce -45.9% | 1.98% | −1.46 |
| META Meta Platforms Inc. Class A | Reduce -0.7% | 19.95% | −1.04 |
| AMAT Applied Materials Inc. | Reduce -66.1% | 0.32% | −0.56 |
| SSO Proshares Ultra S&P500 | Reduce -41.9% | 0.27% | −0.15 |
| NTNX Nutanix Inc. Class A | Reduce -9.1% | 0.83% | −0.15 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.14 |
| CRM Salesforce Inc. | Reduce -3.6% | 0.45% | −0.11 |
| PFF iShares Preferred & Income S | Reduce -24.8% | 0.28% | −0.09 |
| ABT Abbott Laboratories | Reduce -0.7% | 1.35% | −0.08 |
| SBUX Starbucks Corp. | Reduce -0.4% | 0.54% | −0.07 |
| SNOW Snowflake Inc. | Reduce -15.3% | 0.27% | −0.06 |
| XYZ Block Inc. | Reduce -29.4% | 0.14% | −0.05 |
| V Visa Inc. Class A | Reduce -0.6% | 0.53% | −0.05 |
| FDN First Trust DJ Internet Ind | Reduce -19.4% | 0.18% | −0.04 |
| OGN Organon & Co. | Sold out | 0.00% | −0.03 |
| JPST JPMorgan Ultra-Short Income | Reduce -7.4% | 0.25% | −0.03 |
| SKYY First Trust Cloud Computing | Reduce -16.1% | 0.19% | −0.02 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -10.6% | 0.07% | −0.02 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.02 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -1.3% | 1.95% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.5% | 0.03% | −0.02 |
| IGV iShares Expanded Tech-Softwa | Reduce -1.2% | 3.85% | −0.01 |
| IBB iShares Biotechnology ETF | Reduce -9.7% | 0.49% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -0.7% | 0.10% | −0.00 |
| KHC The Kraft Heinz Co. | Reduce -1.9% | 0.02% | −0.00 |
| XLC SS Comm Select Sector SPDR | Reduce -4.7% | 0.08% | 0.00 |
| XLE SS Energy Select Sector | Reduce -1.3% | 1.27% | +0.00 |
| MRK Merck & Co. Inc. | Reduce -1.5% | 0.79% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.8% | 0.11% | +0.00 |
| PLTR Palantir Technologies Inc. Class A | Reduce -0.8% | 0.02% | +0.01 |
| EEM iShares MSCI Emerging Market | Reduce -0.8% | 0.11% | +0.01 |
| PEP Pepsico Inc. | Reduce -0.4% | 0.33% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.0% | 2.16% | +0.02 |
| AVGO Broadcom Inc. | Reduce -0.3% | 0.28% | +0.04 |
| HD Home Depot Inc. | Reduce -0.1% | 1.39% | +0.08 |
| JNJ Johnson & Johnson | Reduce -1.7% | 1.30% | +0.17 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.2% | 4.41% | +0.21 |
| ORCL Oracle Corp. | Reduce -0.4% | 2.37% | +0.45 |
| AAPL Apple Inc. | Reduce -6.2% | 4.50% | +0.48 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +1.5% | 2.84% | +0.73 |
| ABBV Abbvie Inc. | Add +0.5% | 4.17% | +0.71 |
| GOOG Alphabet Inc. Class C | Add +2.7% | 1.16% | +0.31 |
| PANW Palo Alto Networks Inc. | New | 0.21% | +0.21 |
| NVDA Nvidia Corp. | Add +2.8% | 1.35% | +0.19 |
| MSFT Microsoft Corp. | Add +5.8% | 3.41% | +0.19 |
| BAC Bank of America Corp. | Add +0.5% | 1.57% | +0.08 |
| INTC Intel Corp. | Add +192.0% | 0.10% | +0.08 |
| UI Ubiquiti Inc. | New | 0.07% | +0.07 |
| AMD Advanced Micro Devices | Add +1.0% | 0.61% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +2.6% | 0.88% | +0.05 |
| IBN Icici Bank Ltd.-Spon ADR | Add +166.7% | 0.08% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +33.7% | 0.17% | +0.05 |
| TSLA Tesla Inc. | Add +5.4% | 0.16% | +0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.4% | 2.96% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +11.8% | 0.25% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +10.0% | 0.26% | +0.03 |
| CSCO Cisco Systems Inc. | Add +170.7% | 0.05% | +0.03 |
| HAPN Happen Inc. | New | 0.03% | +0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +13.0% | 0.36% | +0.03 |
| EXPO Exponent Inc. | New | 0.03% | +0.03 |
| VHT Vanguard Health Care ETF | Add +3.6% | 0.67% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.6% | 0.27% | +0.03 |
| SCHG Schwab US Large-Cap Growth | New | 0.02% | +0.02 |
| NXPI NXP Semiconductors NV | New | 0.02% | +0.02 |
| SMH Vaneck Semiconductor ETF | New | 0.02% | +0.02 |
| CVX Chevron Corp. | New | 0.02% | +0.02 |
| VGT Vanguard Info Tech ETF | Add +35.2% | 0.05% | +0.02 |
| LH Labcorp Holdings Inc. | Add +0.3% | 0.32% | +0.02 |
| RTX RTX Corp. | New | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | Add +0.3% | 1.83% | +0.02 |
| ARR Armour Residential REIT Inc. | New | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.3% | 0.07% | +0.01 |
| XOM Exxon Mobil Corp. | Add +0.8% | 0.72% | +0.01 |
| UAN CVR Partners LP | Add +21.9% | 0.05% | +0.01 |
| KLAC KLA Corp. | Add +0.3% | 0.06% | +0.01 |
| PFLT Pennantpark Floating Rate Ca | New | 0.01% | +0.01 |
| MO Altria Group Inc. | Add +1.6% | 0.07% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +30.8% | 0.02% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +23.4% | 0.02% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 0.08% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +0.6% | 0.17% | +0.00 |
| AXP American Express Co. | Add +0.2% | 0.89% | +0.00 |
| DFUS Dimensional US Eq MKT ETF | Add +0.3% | 0.08% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.5% | 0.05% | +0.00 |
| DELL Dell Technologies -C | Add +0.4% | 0.02% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +0.3% | 0.03% | +0.00 |
| ONEQ Fidelity Nasdaq Comp Indx | Add +0.1% | 0.02% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Add +0.1% | 0.03% | +0.00 |
| ET Energy Transfer LP | Add +13.1% | 0.04% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 137 | $1.2B | META, AAPL, VUG, BRK.B, UNH |
| Q1 2026 | 119 | $1.1B | META, BRK.B, AAPL, VUG, ABBV |
| Q4 2025 | 137 | $1.3B | META, BRK.B, AAPL, VUG, ABBV |
| Q3 2025 | 139 | $1.3B | META, BRK.B, AAPL, VUG, ABBV |
| Q2 2025 | 132 | $1.2B | META, BRK.B, VUG, AAPL, IGV |
| Q1 2025 | 120 | $1.1B | META, BRK.B, UNH, ABBV, AAPL |
| Q4 2024 | 129 | $1.2B | META, BRK.B, UNH, AAPL, VUG |
| Q3 2024 | 133 | $1.2B | META, BRK.B, UNH, ABBV, AAPL |
| Q2 2024 | 130 | $1.1B | META, UNH, AAPL, VUG, ABBV |
| Q1 2024 | 123 | $1.1B | META, UNH, ABBV, BRK.B, VUG |