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

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 Q2 2025 Q3 2025: $1.3B $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

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
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.03% 25,498 $387K New
COST Costco Wholesale Corp. 0.03% 410 $380K No change
SHOP Shopify Inc. Class A 0.03% 2,500 $372K No change
IYY iShares Dow Jones U.S. ETF 0.03% 2,246 $365K Add +0.2%
COIN Coinbase Global Inc. Class A 0.03% 1,028 $347K No change
EXPO Exponent Inc. 0.03% 4,941 $343K New
CRWD CrowdStrike Holdings Inc. Class A 0.03% 700 $343K No change
IVW iShares S&P 500 Growth ETF 0.03% 2,752 $332K Add +0.1%
GBTC Grayscale Bitcoin Trust ETF 0.03% 3,640 $327K No change
IWM iShares Russell 2000 ETF 0.03% 1,337 $323K Add +0.3%
INTU Intuit Inc. 0.02% 454 $310K No change
PLTR Palantir Technologies Inc. Class A 0.02% 1,687 $308K Reduce -0.8%
JEPI JPMorgan Equity Premium Inco 0.02% 5,275 $301K Add +30.8%
DGRO iShares Core Dividend Growth 0.02% 4,329 $295K Add +0.5%
TOST Toast Inc. Class A 0.02% 7,802 $285K No change
VGK Vanguard Ftse Europe ETF 0.02% 3,517 $281K Add +0.3%
SCHX Schwab US Large-Cap ETF 0.02% 10,605 $279K Add +0.0%
MMM 3M Co. 0.02% 1,795 $279K Add +0.5%
DASH DoorDash Inc. Class A 0.02% 1,000 $272K No change
VEA Vanguard Ftse Developed ETF 0.02% 4,509 $270K Add +23.4%
ONEQ Fidelity Nasdaq Comp Indx 0.02% 2,994 $267K Add +0.1%
ABNB Airbnb Inc. Class A 0.02% 2,197 $267K No change
TXN Texas Instruments Inc. 0.02% 1,387 $255K Add +0.7%
DELL Dell Technologies -C 0.02% 1,732 $245K Add +0.4%
CLMT Calumet Inc. 0.02% 13,000 $237K No change
SCHG Schwab US Large-Cap Growth 0.02% 7,333 $234K New
IWD iShares Russell 1000 Value E 0.02% 1,145 $233K Add +0.4%
PAYX Paychex Inc. 0.02% 1,798 $228K Add +0.8%
NXPI NXP Semiconductors NV 0.02% 1,000 $228K New
SMH Vaneck Semiconductor ETF 0.02% 692 $226K New
CVX Chevron Corp. 0.02% 1,403 $218K New
G Genpact Ltd. 0.02% 5,001 $209K No change
RTX RTX Corp. 0.02% 1,234 $207K New
KHC The Kraft Heinz Co. 0.02% 7,770 $202K Reduce -1.9%
ARR Armour Residential REIT Inc. 0.01% 10,000 $149K New
PFLT Pennantpark Floating Rate Ca 0.01% 10,000 $89K New
OPEN Opendoor Technologies Inc. 0.01% 10,000 $80K No change
WKHS Workhorse Group Inc. 0.00% 10,000 $11K No change
DVLT Datavault AI Inc. 0.00% 10,000 $11K New

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

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