SP Asset Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), SP Asset Management LLC reported 137 stock positions worth $1.3 billion. Its top holding was Meta Platforms Class A (META) at 17.9% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.5%) and Apple (AAPL, 4.8%). Compared with Q3 2025, it opened 4 new positions, sold out of 7, added to 61 and reduced 45. The biggest buy was Unitedhealth (UNH, shares +90%) and the biggest sale Oracle (ORCL, shares −1%).

Most Recent 13F
Q2 2026
Location
CUPERTINO, CA
CIK
0001962086
Portfolio Value
$1.3B (Q4 2025)
SEC Filing
0001962086-26-000001 ↗ filed Jan 28, 2026

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

Holdings 137 stocks · $1.3B
META Meta Platforms Inc. Class A 17.90% 342,992 $226.4M Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 7.54% 189,801 $95.4M Reduce -0.1%
AAPL Apple Inc. 4.76% 221,473 $60.2M Reduce -0.5%
VUG Vanguard Mrngstar GR ETF-Sui 4.47% 115,844 $56.5M Reduce -0.1%
ABBV Abbvie Inc. 4.13% 228,502 $52.2M Add +0.7%
GOOGL Alphabet Inc. Class A 3.65% 147,448 $46.2M Add +0.1%
UNH Unitedhealth Group Inc. 3.59% 137,636 $45.4M Add +90.4%
IGV iShares Expanded Tech-Softwa 3.49% 417,413 $44.1M Reduce -0.9%
MSFT Microsoft Corp. 3.14% 82,195 $39.8M Reduce -1.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.93% 127,785 $37.1M Add +0.8%
AMZN Amazon.com Inc. 2.47% 135,178 $31.2M No change
XLV SS Health Care Select Sector 2.14% 175,209 $27.1M Add +0.4%
VB Vanguard Most SM-Cap ETF-Usd 2.13% 104,542 $27.0M Reduce -2.1%
WFC Wells Fargo & Co. 2.01% 273,188 $25.5M Reduce -0.5%
QCOM Qualcomm Inc. 1.93% 142,795 $24.4M Reduce -3.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.68% 387,012 $21.3M Add +0.8%
ORCL Oracle Corp. 1.63% 105,752 $20.6M Reduce -0.6%
ADI Analog Devices Inc. 1.59% 74,012 $20.1M Add +0.3%
GOOG Alphabet Inc. Class C 1.49% 59,885 $18.8M Reduce -0.6%
JNJ Johnson & Johnson 1.46% 88,954 $18.4M Add +0.4%
ABT Abbott Laboratories 1.26% 127,630 $16.0M Add +0.4%
XLE SS Energy Select Sector 1.26% 355,904 $15.9M Reduce -0.9%
HD Home Depot Inc. 1.16% 42,701 $14.7M Reduce -1.3%
NVDA Nvidia Corp. 1.14% 77,071 $14.4M Reduce -15.6%
AXP American Express Co. 0.99% 33,757 $12.5M Add +0.1%
MRK Merck & Co. Inc. 0.97% 117,105 $12.3M Reduce -0.9%
VOO Vanguard S&P 500 ETF 0.91% 18,332 $11.5M Add +1.1%
PM Philip Morris International 0.89% 69,799 $11.2M Add +0.8%
XOM Exxon Mobil Corp. 0.77% 81,381 $9.8M Add +0.8%
VHT Vanguard Health Care ETF 0.75% 32,827 $9.4M Add +0.9%
AMD Advanced Micro Devices 0.73% 43,293 $9.3M Reduce -8.9%
NTNX Nutanix Inc. Class A 0.57% 140,193 $7.2M No change
IBB iShares Biotechnology ETF 0.56% 42,335 $7.1M Reduce -0.5%
V Visa Inc. Class A 0.55% 19,666 $6.9M Add +0.2%
IYH iShares U.S. Healthcare ETF 0.53% 102,644 $6.7M Reduce -0.3%
SBUX Starbucks Corp. 0.52% 77,692 $6.5M Reduce -2.6%
CRM Salesforce Inc. 0.50% 23,825 $6.3M Reduce -0.6%
PG The Procter & Gamble Co. 0.46% 40,596 $5.8M Add +0.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.45% 61,729 $5.6M Add +23.6%
ICSH iShares Ultra Short Duration 0.39% 98,663 $5.0M Reduce -1.5%
NKE Nike Inc. Class B 0.39% 78,239 $5.0M Reduce -4.7%
HON Honeywell International Inc. 0.39% 25,176 $4.9M Reduce -2.9%
AMAT Applied Materials Inc. 0.38% 18,832 $4.8M Reduce -5.4%
IXN iShares Global Tech ETF 0.37% 44,847 $4.7M Add +0.4%
PEP Pepsico Inc. 0.34% 30,045 $4.3M Add +0.0%
AVGO Broadcom Inc. 0.29% 10,773 $3.7M Add +0.3%
VUSB Vanguard Ultra Short Bond Et 0.29% 74,400 $3.7M Reduce -0.4%
LH Labcorp Holdings Inc. 0.28% 14,250 $3.6M Add +0.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.28% 5,195 $3.5M Add +0.3%
CTSH Cognizant Tech Solutions-A 0.28% 42,158 $3.5M Reduce -2.3%
RBRK Rubrik Inc. Class A 0.27% 44,632 $3.4M No change
QQQ Invesco QQQ Trust Series 1 0.26% 5,426 $3.3M Add +0.2%
PFF iShares Preferred & Income S 0.26% 106,413 $3.3M Reduce -3.6%
SNOW Snowflake Inc. 0.26% 15,009 $3.3M No change
MDLZ Mondelez International Inc. Class A 0.26% 59,982 $3.2M Add +0.8%
IVV iShares Core S&P 500 ETF 0.25% 4,693 $3.2M Add +0.1%
JPST JPMorgan Ultra-Short Income 0.24% 60,574 $3.1M Reduce -4.1%
LLY Eli Lilly & Co. 0.24% 2,840 $3.1M Add +0.1%
SSO Proshares Ultra S&P500 0.24% 51,533 $3.0M Reduce -15.0%
VTEB Vanguard Tax-Exempt Bond ETF 0.22% 55,235 $2.8M Add +0.9%
NFLX Netflix Inc. 0.21% 28,877 $2.7M Reduce -3.1%
FRSH Freshworks Inc. Class A 0.21% 218,000 $2.7M No change
IAK iShares U.S. Insurance ETF 0.21% 19,084 $2.6M Reduce -2.3%
PANW Palo Alto Networks Inc. 0.19% 13,036 $2.4M No change
VTI VG Morningstar TS MKT ETF-US 0.17% 6,588 $2.2M Add +0.4%
VYM Vanguard High DVD Yield ETF 0.17% 15,386 $2.2M Add +0.7%
SKYY First Trust Cloud Computing 0.16% 15,178 $2.0M Reduce -13.9%
TSLA Tesla Inc. 0.16% 4,373 $2.0M Reduce -2.1%
FDN First Trust DJ Internet Ind 0.15% 6,982 $1.9M Reduce -11.9%
IWF iShares Russell 1000 Growth 0.14% 3,829 $1.8M Add +0.0%
SNPS Synopsys Inc. 0.14% 3,708 $1.7M No change
VWO Vanguard Ftse Emerging Marke 0.11% 26,753 $1.4M Add +1.9%
XLF SS Financial Select Sector 0.11% 25,505 $1.4M Reduce -3.9%
INTC Intel Corp. 0.11% 37,508 $1.4M No change
XYZ Block Inc. 0.11% 20,957 $1.4M Reduce -15.2%
NOBL Proshares S&P 500 Dividend A 0.10% 12,164 $1.3M Add +0.6%
MA Mastercard Inc. Class A 0.10% 2,205 $1.3M Add +0.1%
EEM iShares MSCI Emerging Market 0.10% 22,639 $1.2M Reduce -12.3%
IBN Icici Bank Ltd.-Spon ADR 0.08% 35,361 $1.1M No change
ANET Arista Networks Inc. 0.08% 7,952 $1.0M No change
JPM JPMorgan Chase & Co. 0.08% 3,206 $1.0M Add +0.2%
XLC SS Comm Select Sector SPDR 0.08% 8,381 $987K Add +0.3%
DFUS Dimensional US Eq MKT ETF 0.08% 13,121 $973K Add +0.2%
TSM Taiwan Semiconductor-SP ADR 0.07% 2,964 $901K Add +0.2%
KLAC KLA Corp. 0.07% 696 $845K Add +0.1%
MO Altria Group Inc. 0.06% 14,171 $817K Add +1.4%
UAN CVR Partners LP 0.06% 7,317 $750K Reduce -4.5%
ADBE Adobe Inc. 0.06% 2,075 $726K Reduce -38.0%
CSCO Cisco Systems Inc. 0.06% 9,383 $723K Reduce -0.6%
RBLX Roblox Corp. Class A 0.06% 8,895 $721K No change
VGT Vanguard Info Tech ETF 0.05% 900 $678K Add +0.1%
SCHD Schwab US DVD Equity ETF 0.05% 24,065 $660K Add +1.0%
PYPL PayPal Holdings Inc. 0.05% 11,214 $655K Reduce -13.1%
IJR iShares Core S&P Small-Cap E 0.05% 5,442 $654K Add +0.0%
SUB iShares Short-Term National 0.05% 5,625 $600K Add +0.9%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.05% 8,943 $586K New
IJH iShares Core S&P Midcap ETF 0.04% 7,827 $517K Add +0.2%
ET Energy Transfer LP 0.04% 30,631 $505K Add +2.0%
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.04% 25,765 $488K Add +1.1%
SHOP Shopify Inc. Class A 0.03% 2,500 $402K No change
BSX Boston Scientific Corp. 0.03% 3,992 $381K No change
IYY iShares Dow Jones U.S. ETF 0.03% 2,253 $374K Add +0.3%
CMG Chipotle Mexican Grill Inc. 0.03% 10,000 $370K No change
COST Costco Wholesale Corp. 0.03% 411 $354K Add +0.2%
UI Ubiquiti Inc. 0.03% 627 $347K Reduce -51.8%
EXPO Exponent Inc. 0.03% 4,941 $343K No change
IVW iShares S&P 500 Growth ETF 0.03% 2,755 $340K Add +0.1%
IWM iShares Russell 2000 ETF 0.03% 1,337 $329K No change
CRWD CrowdStrike Holdings Inc. Class A 0.03% 700 $328K No change
JEPI JPMorgan Equity Premium Inco 0.02% 5,341 $306K Add +1.3%
DGRO iShares Core Dividend Growth 0.02% 4,347 $302K Add +0.4%
INTU Intuit Inc. 0.02% 455 $302K Add +0.2%
PLTR Palantir Technologies Inc. Class A 0.02% 1,687 $300K No change
ABNB Airbnb Inc. Class A 0.02% 2,197 $298K No change
SCHX Schwab US Large-Cap ETF 0.02% 10,607 $285K Add +0.0%
TOST Toast Inc. Class A 0.02% 7,802 $277K No change
ONEQ Fidelity Nasdaq Comp Indx 0.02% 2,999 $274K Add +0.2%
VGK Vanguard Ftse Europe ETF 0.02% 3,237 $271K Reduce -8.0%
TWLO Twilio Inc. Class A 0.02% 1,865 $265K New
CLMT Calumet Inc. 0.02% 13,000 $258K No change
GBTC Grayscale Bitcoin Trust ETF 0.02% 3,640 $249K No change
TXN Texas Instruments Inc. 0.02% 1,397 $242K Add +0.7%
IWD iShares Russell 1000 Value E 0.02% 1,151 $242K Add +0.5%
SCHG Schwab US Large-Cap Growth 0.02% 7,338 $239K Add +0.1%
VEA Vanguard Ftse Developed ETF 0.02% 3,819 $239K Reduce -15.3%
COIN Coinbase Global Inc. Class A 0.02% 1,028 $232K No change
RTX RTX Corp. 0.02% 1,238 $227K Add +0.3%
DASH DoorDash Inc. Class A 0.02% 1,000 $226K No change
DELL Dell Technologies -C 0.02% 1,737 $219K Add +0.3%
NXPI NXP Semiconductors NV 0.02% 1,000 $217K No change
MMM 3M Co. 0.02% 1,354 $217K Reduce -24.6%
SOLS Solstice Adv Materials Inc. 0.02% 4,453 $216K Reduce -31.3%
PAYX Paychex Inc. 0.02% 1,816 $204K Add +1.0%
IWB iShares Russell 1000 ETF 0.02% 544 $203K New
AVUS Avantis U.S. Equity ETF 0.02% 1,805 $202K New
OPEN Opendoor Technologies Inc. 0.00% 10,000 $58K No change
DVLT Datavault AI Inc. 0.00% 10,000 $7K No change

Portfolio Sells Q3 2025 → Q4 2025
ORCL Oracle Corp. Reduce -0.6% 1.63% −0.74
IGV iShares Expanded Tech-Softwa Reduce -0.9% 3.49% −0.36
MSFT Microsoft Corp. Reduce -1.0% 3.14% −0.27
HD Home Depot Inc. Reduce -1.3% 1.16% −0.23
NVDA Nvidia Corp. Reduce -15.6% 1.14% −0.22
NFLX Netflix Inc. Reduce -3.1% 0.21% −0.07
NKE Nike Inc. Class B Reduce -4.7% 0.39% −0.06
HON Honeywell International Inc. Reduce -2.9% 0.39% −0.04
UI Ubiquiti Inc. Reduce -51.8% 0.03% −0.04
ADBE Adobe Inc. Reduce -38.0% 0.06% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 7.54% −0.04
SSO Proshares Ultra S&P500 Reduce -15.0% 0.24% −0.03
XYZ Block Inc. Reduce -15.2% 0.11% −0.03
SKYY First Trust Cloud Computing Reduce -13.9% 0.16% −0.03
FDN First Trust DJ Internet Ind Reduce -11.9% 0.15% −0.03
VB Vanguard Most SM-Cap ETF-Usd Reduce -2.1% 2.13% −0.02
QCOM Qualcomm Inc. Reduce -3.3% 1.93% −0.02
SBUX Starbucks Corp. Reduce -2.6% 0.52% −0.02
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.02
CVX Chevron Corp. Sold out 0.00% −0.02
PYPL PayPal Holdings Inc. Reduce -13.1% 0.05% −0.02
PFF iShares Preferred & Income S Reduce -3.6% 0.26% −0.02
G Genpact Ltd. Sold out 0.00% −0.02
KHC The Kraft Heinz Co. Sold out 0.00% −0.02
XLE SS Energy Select Sector Reduce -0.9% 1.26% −0.02
JPST JPMorgan Ultra-Short Income Reduce -4.1% 0.24% −0.01
ARR Armour Residential REIT Inc. Sold out 0.00% −0.01
EEM iShares MSCI Emerging Market Reduce -12.3% 0.10% −0.01
ICSH iShares Ultra Short Duration Reduce -1.5% 0.39% −0.01
SOLS Solstice Adv Materials Inc. Reduce -31.3% 0.02% −0.01
PFLT Pennantpark Floating Rate Ca Sold out 0.00% −0.01
MMM 3M Co. Reduce -24.6% 0.02% −0.01
VUSB Vanguard Ultra Short Bond Et Reduce -0.4% 0.29% −0.00
XLF SS Financial Select Sector Reduce -3.9% 0.11% −0.00
VEA Vanguard Ftse Developed ETF Reduce -15.3% 0.02% −0.00
IAK iShares U.S. Insurance ETF Reduce -2.3% 0.21% −0.00
TSLA Tesla Inc. Reduce -2.1% 0.16% −0.00
VGK Vanguard Ftse Europe ETF Reduce -8.0% 0.02% −0.00
WKHS Workhorse Group Inc. Sold out 0.00% −0.00
UAN CVR Partners LP Reduce -4.5% 0.06% +0.00
CSCO Cisco Systems Inc. Reduce -0.6% 0.06% +0.01
CTSH Cognizant Tech Solutions-A Reduce -2.3% 0.28% +0.05
CRM Salesforce Inc. Reduce -0.6% 0.50% +0.05
IYH iShares U.S. Healthcare ETF Reduce -0.3% 0.53% +0.05
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.1% 4.47% +0.06
AMAT Applied Materials Inc. Reduce -5.4% 0.38% +0.06
IBB iShares Biotechnology ETF Reduce -0.5% 0.56% +0.08
AMD Advanced Micro Devices Reduce -8.9% 0.73% +0.12
WFC Wells Fargo & Co. Reduce -0.5% 2.01% +0.19
MRK Merck & Co. Inc. Reduce -0.9% 0.97% +0.19

Portfolio Buys Q3 2025 → Q4 2025
UNH Unitedhealth Group Inc. Add +90.4% 3.59% +1.61
GOOGL Alphabet Inc. Class A Add +0.1% 3.65% +0.81
XLV SS Health Care Select Sector Add +0.4% 2.14% +0.22
JNJ Johnson & Johnson Add +0.4% 1.46% +0.15
ADI Analog Devices Inc. Add +0.3% 1.59% +0.15
BAC Bank of America Corp. Add +0.8% 1.68% +0.11
AXP American Express Co. Add +0.1% 0.99% +0.10
BIL SS SPDR BB 1-3M T-Bill ETF Add +23.6% 0.45% +0.08
VHT Vanguard Health Care ETF Add +0.9% 0.75% +0.08
LLY Eli Lilly & Co. Add +0.1% 0.24% +0.07
XOM Exxon Mobil Corp. Add +0.8% 0.77% +0.05
AKRE Akre Focus ETF New 0.05% +0.05
VOO Vanguard S&P 500 ETF Add +1.1% 0.91% +0.03
TWLO Twilio Inc. Class A New 0.02% +0.02
IWB iShares Russell 1000 ETF New 0.02% +0.02
AVUS Avantis U.S. Equity ETF New 0.02% +0.02
V Visa Inc. Class A Add +0.2% 0.55% +0.01
AVGO Broadcom Inc. Add +0.3% 0.29% +0.01
HAPN Happen Inc. Add +1.1% 0.04% +0.01
KLAC KLA Corp. Add +0.1% 0.07% +0.01
IXN iShares Global Tech ETF Add +0.4% 0.37% +0.01
PEP Pepsico Inc. Add +0.0% 0.34% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 0.28% +0.01
TSM Taiwan Semiconductor-SP ADR Add +0.2% 0.07% +0.01
QQQ Invesco QQQ Trust Series 1 Add +0.2% 0.26% +0.01
IVV iShares Core S&P 500 ETF Add +0.1% 0.25% +0.01
VTI VG Morningstar TS MKT ETF-US Add +0.4% 0.17% +0.00
VYM Vanguard High DVD Yield ETF Add +0.7% 0.17% +0.00
VTEB Vanguard Tax-Exempt Bond ETF Add +0.9% 0.22% +0.00
DFUS Dimensional US Eq MKT ETF Add +0.2% 0.08% +0.00
JPM JPMorgan Chase & Co. Add +0.2% 0.08% +0.00
RTX RTX Corp. Add +0.3% 0.02% +0.00
NOBL Proshares S&P 500 Dividend A Add +0.6% 0.10% +0.00
IWF iShares Russell 1000 Growth Add +0.0% 0.14% +0.00
VWO Vanguard Ftse Emerging Marke Add +1.9% 0.11% +0.00
IWD iShares Russell 1000 Value E Add +0.5% 0.02% +0.00
IYY iShares Dow Jones U.S. ETF Add +0.3% 0.03% +0.00
SCHD Schwab US DVD Equity ETF Add +1.0% 0.05% +0.00
ONEQ Fidelity Nasdaq Comp Indx Add +0.2% 0.02% +0.00
IVW iShares S&P 500 Growth ETF Add +0.1% 0.03% +0.00
DGRO iShares Core Dividend Growth Add +0.4% 0.02% +0.00
IJH iShares Core S&P Midcap ETF Add +0.2% 0.04% +0.00
IJR iShares Core S&P Small-Cap E Add +0.0% 0.05% +0.00
SCHX Schwab US Large-Cap ETF Add +0.0% 0.02% +0.00
JEPI JPMorgan Equity Premium Inco Add +1.3% 0.02% +0.00
SCHG Schwab US Large-Cap Growth Add +0.1% 0.02% +0.00
VGT Vanguard Info Tech ETF Add +0.1% 0.05% +0.00
SUB iShares Short-Term National Add +0.9% 0.05% +0.00
MA Mastercard Inc. Class A Add +0.1% 0.10% +0.00
XLC SS Comm Select Sector SPDR Add +0.3% 0.08% −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