Spurstone Advisory Services, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Spurstone Advisory Services, LLC reported 115 stock positions worth $7.0 million. Its top holding was Apple (AAPL) at 19.1% of the portfolio, followed by RTX (RTX, 11.0%) and HCA Healthcare (HCA, 7.2%). Compared with Q2 2025, it opened 14 new positions, sold out of 38, added to 8 and reduced 11. The biggest buy was RTX (RTX, shares +81%) and the biggest sale iShares Russell 2000 ETF (IWM, shares −100%).

Most Recent 13F
Q2 2026
Location
HIGGANUM, CT
CIK
0002056079
Portfolio Value
$7.0M (Q3 2025)
SEC Filing
0002056079-25-000006 ↗ filed Nov 6, 2025

Holdings Value

0$2.0M$4.0M$6.0M$8.0M Q4 2024: $5.3M Q4 2024 Q1 2025: $5.1M Q1 2025 Q2 2025: $6.6M Q2 2025 Q3 2025: $7.0M $7.0M Q3 2025 Q4 2025: $6.4M Q4 2025 Q1 2026: $5.8M Q1 2026 Q2 2026: $7.3M Q2 2026

Holdings 115 stocks · $7.0M
AAPL Apple Inc. 19.10% 5,229 $1.3M Reduce -5.8%
RTX RTX Corp. 10.98% 4,575 $766K Add +81.3%
HCA HCA Healthcare Inc. 7.24% 1,184 $505K No change
SPY SS SPDR S&P 500 ETF Trust-US 5.59% 585 $390K No change
XOM Exxon Mobil Corp. 5.50% 3,398 $383K Reduce -7.7%
CVX Chevron Corp. 4.50% 2,020 $314K No change
UPS United Parcel Service Class B 4.36% 3,642 $304K No change
PANW Palo Alto Networks Inc. 3.59% 1,230 $250K Add +515.0%
CRWD CrowdStrike Holdings Inc. Class A 3.52% 500 $245K Add +28.9%
FTNT Fortinet Inc. 3.01% 2,500 $210K No change
PFE Pfizer Inc. 2.92% 8,003 $204K No change
JNJ Johnson & Johnson 2.66% 1,000 $185K New
TRV The Travelers Cos Inc. 2.39% 596 $166K No change
CRM Salesforce Inc. 2.38% 700 $166K Add +460.0%
PSX Phillips 66 2.00% 1,025 $139K Add +4000.0%
HON Honeywell International Inc. 1.81% 600 $126K New
AMZN Amazon.com Inc. 1.34% 426 $94K Reduce -32.6%
SBUX Starbucks Corp. 1.21% 1,000 $85K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.18% 291 $82K Reduce -47.1%
RCL Royal Caribbean Cruises Ltd. 1.10% 236 $76K Add +18.0%
WBS Webster Financial Corp. 0.94% 1,104 $66K No change
QCOM Qualcomm Inc. 0.73% 306 $51K Reduce -45.5%
SWBI Smith & Wesson Brands Inc. 0.66% 4,700 $46K No change
NVDA Nvidia Corp. 0.66% 246 $46K Reduce -3.9%
LYFT LYFT Inc. Class A 0.62% 1,975 $43K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.58% 780 $40K No change
HIG Hartford Insurance Group Inc. 0.57% 300 $40K No change
CMG Chipotle Mexican Grill Inc. 0.56% 1,000 $39K New
SWKS Skyworks Solutions Inc. 0.55% 500 $38K New
F Ford Motor Co. filed as FORD MTR CO 0.52% 3,050 $36K No change
PNFP Pinnacle Financial Partners 0.50% 369 $35K No change
MRK Merck & Co. Inc. 0.45% 374 $31K Reduce -33.7%
NE Noble Corp. PLC 0.41% 1,000 $28K Add +150.0%
S Sentinelone Inc. Class A 0.38% 1,500 $26K No change
QS Quantumscape Corp. 0.34% 1,950 $24K No change
SO The Southern Co. 0.33% 244 $23K No change
GOOGL Alphabet Inc. Class A 0.29% 83 $20K Reduce -82.7%
XEL Xcel Energy Inc. 0.27% 233 $19K No change
NFLX Netflix Inc. 0.26% 15 $18K New
INTC Intel Corp. 0.26% 536 $18K No change
TSLA Tesla Inc. 0.26% 40 $18K No change
AEP American Electric Power 0.22% 138 $16K No change
MO Altria Group Inc. 0.19% 200 $13K No change
HHH Howard Hughes Holdings Inc. 0.18% 150 $12K No change
WEN The Wendy's Co. 0.16% 1,200 $11K Add +100.0%
AOUT American Outdoor Brands Inc. 0.15% 1,175 $10K No change
UBER Uber Technologies Inc. 0.14% 100 $10K No change
DFAC Dimensional US Core Equity 2 0.14% 252 $10K No change
VTRS Viatris Inc. 0.13% 911 $9K No change
META Meta Platforms Inc. Class A 0.12% 11 $8K Reduce -86.3%
MCK McKesson Corp. 0.11% 10 $8K New
SWK Stanley Black & Decker Inc. 0.11% 100 $7K No change
DFAU Dimensional US Core Equity M 0.11% 162 $7K No change
CR Crane Co. 0.11% 40 $7K No change
QQQ Invesco QQQ Trust Series 1 0.10% 12 $7K No change
VZ Verizon Communications Inc. 0.10% 161 $7K No change
DFAX Dimensional World Ex US Core 0.09% 189 $6K No change
DFUS Dimensional US Eq MKT ETF 0.07% 70 $5K No change
MUB iShares National Muni Bond E 0.07% 46 $5K No change
DFAI Dimensional International Co. 0.07% 134 $5K No change
DUHP Dimensional US High Profi Et 0.07% 122 $5K No change
JOBY Joby Aviation Inc. 0.06% 250 $4K New
IVV iShares Core S&P 500 ETF 0.06% 6 $4K No change
SCHG Schwab US Large-Cap Growth 0.05% 112 $4K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.05% 19 $4K No change
MU Micron Technology Inc. 0.05% 20 $3K New
SPYG SS SPDR P S&P 500 Growth ETF 0.05% 31 $3K No change
CARR Carrier Global Corp. 0.04% 51 $3K New
DFAE Dimensional Emerging Core Eq 0.04% 96 $3K No change
IEFA iShares Core MSCI Eafe ETF 0.04% 34 $3K No change
ACHR Archer Aviation Inc. Class A 0.04% 300 $3K New
CXT Crane NXT Co. 0.04% 40 $3K No change
BP BP PLC-Spons ADR 0.04% 73 $3K No change
CYBR Cyberark Software Ltd./Israel 0.03% 5 $2K New
OTIS Otis Worldwide Corp. 0.03% 25 $2K New
KD Kyndryl Holdings Inc. 0.03% 75 $2K Reduce -37.5%
SPYV SS SPDR P S&P 500 Value ETF 0.03% 40 $2K No change
DIHP Dimensional International Hi 0.03% 67 $2K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 4 $2K No change
IWR iShares Russell Mid-Cap ETF 0.02% 17 $2K No change
XERS Xeris Biopharma Holdings Inc. 0.02% 200 $2K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.02% 32 $2K No change
DON Wisdomtree US Midcap Dividen 0.02% 26 $1K No change
JBL Jabil Inc. 0.02% 5 $1K New
HYMB SS SPDR N Ice HY Muni ETF 0.01% 40 $997 No change
IEI iShares 3-7 Year Treasury Bo 0.01% 8 $956 No change
MDYG SS SPDR S&P 400 MC GR ETF 0.01% 9 $824 No change
IWM iShares Russell 2000 ETF 0.01% 3 $725 Reduce -99.7%
ILTB iShares Core 10+ Year Usd Bo 0.01% 14 $706 No change
SPTS SS SPDR P St Term TSY ETF 0.01% 24 $703 No change
HYD Vaneck High Yield Muni ETF 0.01% 13 $661 No change
IEMG iShares Core MSCI Emerging 0.01% 10 $659 No change
JPST JPMorgan Ultra-Short Income 0.01% 13 $659 No change
AVIG Avantis Core Fixed Income 0.01% 15 $631 No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.01% 3 $626 No change
AVUV Avantis US Small Cap Value 0.01% 6 $597 No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 2 $595 No change
USFR Wisdomtree Floating Rate Tre 0.01% 11 $552 No change
VEA Vanguard Ftse Developed ETF 0.01% 9 $539 No change
FIXD First Trust Smith Opportunis 0.01% 12 $533 No change
AGGY Wisdomtree Yield Enhanced US 0.01% 10 $442 No change
LMBS First Trust Low Duration Opp 0.01% 8 $398 No change
OGN Organon & Co. 0.01% 37 $395 No change
SLYG SS SPDR S&P 600 SC GR ETF 0.01% 4 $377 No change
CLOZ Eldridge BBB-B Clo ETF 0.01% 14 $375 No change
CLOX Eldridge Aaa Clo ETF 0.00% 13 $332 No change
EMB iShares JP Morgan Usd Emergi 0.00% 3 $285 No change
EMLC Vaneck JPM Em Local Curr BND 0.00% 11 $280 No change
EBND State Street SPDR Bloomberg 0.00% 10 $213 No change
VWOB Vanguard Emerg MKTS Gov BND 0.00% 3 $200 No change
KNG FT Vest S&P 500 DVD Arst TRG 0.00% 4 $197 No change
SPMB SS SPDR P Mort Back Bond ETF 0.00% 8 $179 No change
HYBL SS Blackstone High Inc. ETF 0.00% 4 $114 No change
CMBS iShares CMBS ETF 0.00% 2 $98 No change
SCHV Schwab US Large-Cap Value 0.00% 3 $87 No change

Portfolio Sells Q2 2025 → Q3 2025
IWM iShares Russell 2000 ETF Reduce -99.7% 0.01% −3.69
IBM Intl Business Machines Corp. Reduce -47.1% 1.18% −1.28
AVGO Broadcom Inc. Sold out 0.00% −1.13
GOOGL Alphabet Inc. Class A Reduce -82.7% 0.29% −0.99
META Meta Platforms Inc. Class A Reduce -86.3% 0.12% −0.78
AMZN Amazon.com Inc. Reduce -32.6% 1.34% −0.76
V Visa Inc. Class A Sold out 0.00% −0.75
COST Costco Wholesale Corp. Sold out 0.00% −0.72
HD Home Depot Inc. Sold out 0.00% −0.64
QCOM Qualcomm Inc. Reduce -45.5% 0.73% −0.62
NOW ServiceNow Inc. Sold out 0.00% −0.62
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.61
INTU Intuit Inc. Sold out 0.00% −0.54
XOM Exxon Mobil Corp. Reduce -7.7% 5.50% −0.52
SPGI S&P Global Inc. Sold out 0.00% −0.51
STE Steris PLC Sold out 0.00% −0.44
VRSK Verisk Analytics Inc. Sold out 0.00% −0.43
ABBV Abbvie Inc. Sold out 0.00% −0.42
IQLT iShares MSCI International Q Sold out 0.00% −0.39
NEE Nextera Energy Inc. Sold out 0.00% −0.34
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.33
ADBE Adobe Inc. Sold out 0.00% −0.32
AMT American Tower Corp. Sold out 0.00% −0.32
EQIX Equinix Inc. Sold out 0.00% −0.30
SNPS Synopsys Inc. Sold out 0.00% −0.29
IDXX Idexx Laboratories Inc. Sold out 0.00% −0.28
MSCI MSCI Inc. Sold out 0.00% −0.28
DHR Danaher Corp. Sold out 0.00% −0.27
UNH Unitedhealth Group Inc. Sold out 0.00% −0.27
ECL Ecolab Inc. Sold out 0.00% −0.27
MRK Merck & Co. Inc. Reduce -33.7% 0.45% −0.23
FTV Fortive Corp. Sold out 0.00% −0.22
XYL Xylem Inc. Sold out 0.00% −0.22
SYK Stryker Corp. Sold out 0.00% −0.21
CFG Citizens Financial Group Sold out 0.00% −0.20
ODFL Old Dominion Freight Line Sold out 0.00% −0.19
IQV Iqvia Holdings Inc. Sold out 0.00% −0.18
FISV Fiserv Inc. Sold out 0.00% −0.16
KO The Coca-Cola Co. Sold out 0.00% −0.11
GS Goldman Sachs Group Inc. Sold out 0.00% −0.08
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.07
EXC Exelon Corp. Sold out 0.00% −0.07
ETN Eaton Corp. PLC Sold out 0.00% −0.06
KD Kyndryl Holdings Inc. Reduce -37.5% 0.03% −0.04
GOOG Alphabet Inc. Class C Sold out 0.00% −0.04
APTV Aptiv PLC Sold out 0.00% −0.04
HOG Harley-Davidson Inc. Sold out 0.00% −0.00
NVDA Nvidia Corp. Reduce -3.9% 0.66% +0.05
AAPL Apple Inc. Reduce -5.8% 19.10% +1.83

Portfolio Buys Q2 2025 → Q3 2025
RTX RTX Corp. Add +81.3% 10.98% +5.39
PANW Palo Alto Networks Inc. Add +515.0% 3.59% +2.97
JNJ Johnson & Johnson New 2.66% +2.66
PSX Phillips 66 Add +4000.0% 2.00% +1.95
CRM Salesforce Inc. Add +460.0% 2.38% +1.86
HON Honeywell International Inc. New 1.81% +1.81
SBUX Starbucks Corp. New 1.21% +1.21
CMG Chipotle Mexican Grill Inc. New 0.56% +0.56
SWKS Skyworks Solutions Inc. New 0.55% +0.55
CRWD CrowdStrike Holdings Inc. Class A Add +28.9% 3.52% +0.52
NFLX Netflix Inc. New 0.26% +0.26
NE Noble Corp. PLC Add +150.0% 0.41% +0.24
RCL Royal Caribbean Cruises Ltd. Add +18.0% 1.10% +0.15
MCK McKesson Corp. New 0.11% +0.11
JOBY Joby Aviation Inc. New 0.06% +0.06
WEN The Wendy's Co. Add +100.0% 0.16% +0.05
MU Micron Technology Inc. New 0.05% +0.05
CARR Carrier Global Corp. New 0.04% +0.04
ACHR Archer Aviation Inc. Class A New 0.04% +0.04
CYBR Cyberark Software Ltd./Israel New 0.03% +0.03
OTIS Otis Worldwide Corp. New 0.03% +0.03
JBL Jabil Inc. New 0.02% +0.02

Notes & Other Activity Q2 2025 → Q3 2025
RAL Ralliant Corp. COM Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 99$7.3MAAPL, RTX, SPY, HCA, XOM
Q1 2026 76$5.8MAAPL, RTX, HCA, XOM, CVX
Q4 2025 97$6.4MAAPL, RTX, HCA, XOM, SPY
Q3 2025 115$7.0MAAPL, RTX, HCA, SPY, XOM
Q2 2025 139$6.6MAAPL, HCA, XOM, RTX, UPS
Q1 2025 104$5.1MAAPL, XOM, UPS, CVX, RTX
Q4 2024 76$5.3MAAPL, FTNT, XOM, SPY, CVX