Stamos Capital Partners, L.P.

Name: Stamos Capital Partners, L.P. 13F holdings, Q3 2025
Creator: Stamos Capital Partners, L.P.
Published: 2025-11-13

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Stamos Capital Partners, L.P. reported 142 stock positions worth $530.1 million. Its top holding was iShares Core U.S. Aggregate (AGG) at 16.9% of the portfolio, followed by Vanguard Tax-Exempt Bond ETF (VTEB, 3.7%) and Merck (MRK, 3.2%). Compared with Q2 2025, it opened 4 new positions, added to 17 and reduced 121. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +84%) and the biggest sale Unitedhealth (UNH, shares −40%).

Most Recent 13F: Q2 2026
Location: Menlo Park, CA
CIK: 0001705399
Portfolio Value: $530.1M (Q3 2025)
SEC Filing: 0001172661-25-004754 ↗ filed Nov 13, 2025

Holdings Value

Holdings 142 stocks · $530.1M


AGG iShares Core U.S. Aggregate	16.87%	891,875	$89.4M	Add +84.1%
VTEB Vanguard Tax-Exempt Bond ETF	3.70%	391,621	$19.6M	New
MRK Merck & Co. Inc.	3.17%	200,059	$16.8M	Reduce -11.8%
GOOGL Alphabet Inc. Class A	2.73%	59,601	$14.5M	Reduce -20.4%
XOM Exxon Mobil Corp.	2.51%	117,951	$13.3M	Reduce -28.1%
UNH Unitedhealth Group Inc.	2.21%	33,979	$11.7M	Reduce -39.7%
CVX Chevron Corp.	2.10%	71,526	$11.1M	Reduce -34.4%
TM Toyota Motor Corp. -Spon ADR	1.99%	55,092	$10.5M	Add +30.8%
BP BP PLC-Spons ADR	1.84%	283,385	$9.8M	Reduce -40.8%
MSFT Microsoft Corp.	1.79%	18,321	$9.5M	Reduce -4.8%
NEE Nextera Energy Inc.	1.67%	117,357	$8.9M	Reduce -26.3%
SHEL Shell PLC-ADR	1.66%	123,358	$8.8M	Reduce -35.9%
TTE Totalenergies SE -Spon ADR	1.66%	147,418	$8.8M	New
JNJ Johnson & Johnson	1.61%	45,900	$8.5M	Reduce -29.5%
JPM JPMorgan Chase & Co.	1.56%	26,149	$8.2M	Reduce -14.3%
TSM Taiwan Semiconductor-SP ADR	1.49%	28,217	$7.9M	Reduce -29.6%
AMZN Amazon.com Inc.	1.35%	32,544	$7.1M	Reduce -13.0%
AAPL Apple Inc.	1.31%	27,171	$6.9M	Reduce -20.9%
NVO Novo-Nordisk A/S-Spons ADR	1.29%	123,539	$6.9M	Add +47.5%
ASML ASML Holding NV-NY Reg SHS	1.29%	7,061	$6.8M	Reduce -21.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.27%	130,291	$6.7M	Reduce -18.0%
PFE Pfizer Inc.	1.26%	261,265	$6.7M	Reduce -25.4%
GSK GSK PLC-Spon ADR	1.12%	137,234	$5.9M	Reduce -26.2%
BA The Boeing Co.	1.06%	26,072	$5.6M	Reduce -15.4%
T AT&T Inc.	0.90%	169,802	$4.8M	Reduce -20.8%
LLY Eli Lilly & Co.	0.89%	6,202	$4.7M	Add +15.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.87%	40,460	$4.6M	Add +21.2%
BLK BlackRock Inc.	0.86%	3,924	$4.6M	Reduce -32.0%
F Ford Motor Co. filed as FORD MTR CO	0.86%	380,946	$4.6M	Reduce -36.0%
ADBE Adobe Inc.	0.85%	12,842	$4.5M	Add +14.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.83%	127,665	$4.4M	Reduce -4.2%
CRM Salesforce Inc.	0.81%	18,207	$4.3M	Add +28.2%
UNP Union Pacific Corp.	0.78%	17,540	$4.1M	Add +10.0%
V Visa Inc. Class A	0.77%	12,000	$4.1M	Add +0.2%
MDT Medtronic PLC	0.77%	42,692	$4.1M	Reduce -29.8%
BN Brookfield Corp.	0.74%	57,048	$3.9M	Reduce -38.2%
VZ Verizon Communications Inc.	0.72%	86,636	$3.8M	Reduce -27.9%
NVDA Nvidia Corp.	0.70%	19,856	$3.7M	Reduce -30.5%
CNI Canadian Natl Railway Co.	0.64%	35,802	$3.4M	Reduce -21.4%
AVGO Broadcom Inc.	0.62%	9,897	$3.3M	Reduce -42.2%
CP Canadian Pacific Kansas City	0.60%	42,645	$3.2M	Reduce -12.7%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC	0.60%	44,672	$3.2M	Reduce -25.8%
BX Blackstone Inc.	0.59%	18,176	$3.1M	Reduce -42.4%
AMD Advanced Micro Devices	0.57%	18,766	$3.0M	Reduce -54.0%
CCJ Cameco Corp.	0.57%	36,098	$3.0M	Reduce -13.1%
TOL Toll Brothers Inc.	0.56%	21,667	$3.0M	Reduce -48.8%
DHI D.R. Horton Inc.	0.56%	17,536	$3.0M	Reduce -53.7%
CEG Constellation Energy	0.56%	8,952	$2.9M	Reduce -27.9%
CVS CVS Health Corp.	0.55%	38,615	$2.9M	Reduce -32.9%
CME Cme Group Inc.	0.55%	10,720	$2.9M	Reduce -21.9%
XBI SS SPDR S&P Biotech ETF	0.54%	28,566	$2.9M	Reduce -28.9%
PANW Palo Alto Networks Inc.	0.53%	13,912	$2.8M	Add +30.2%
LEN Lennar Corp. Class A	0.53%	22,344	$2.8M	Reduce -49.2%
DELL Dell Technologies -C	0.52%	19,584	$2.8M	Reduce -41.3%
UBER Uber Technologies Inc.	0.52%	27,892	$2.7M	Add +8.7%
BCS Barclays PLC-Spons ADR	0.51%	131,211	$2.7M	Reduce -40.6%
ENB Enbridge Inc.	0.50%	52,824	$2.7M	Reduce -34.2%
HDB HDFC Bank Ltd.-ADR	0.50%	77,442	$2.6M	Add +26.9%
GM General Motors Co.	0.47%	41,111	$2.5M	Add +14.2%
MLPX Global X MLP & Energy Infras	0.46%	38,641	$2.4M	Reduce -36.3%
AMLP Alerian MLP ETF	0.45%	50,713	$2.4M	Reduce -34.3%
XOP SS SPDR S&P Og Exp & Prod	0.44%	17,740	$2.3M	Reduce -39.7%
CSCO Cisco Systems Inc.	0.42%	32,680	$2.2M	Reduce -26.0%
VST Vistra Corp.	0.42%	11,370	$2.2M	Reduce -35.9%
HD Home Depot Inc.	0.42%	5,430	$2.2M	Reduce -38.0%
BRK.B Berkshire Hathaway Inc. Class B	0.41%	4,325	$2.2M	Reduce -2.6%
UBS UBS Group AG-Reg	0.41%	52,518	$2.2M	Reduce -25.5%
SONY Sony Group Corp. - SP ADR	0.39%	72,552	$2.1M	Reduce -15.2%
CAT Caterpillar Inc.	0.38%	4,168	$2.0M	Reduce -46.7%
GE General Electric filed as GE AEROSPACE	0.36%	6,268	$1.9M	Reduce -19.8%
D Dominion Energy Inc.	0.35%	30,376	$1.9M	Reduce -34.7%
USRT iShares Core US REIT ETF	0.35%	31,383	$1.8M	Reduce -36.2%
FSLR First Solar Inc.	0.34%	8,291	$1.8M	Reduce -47.5%
IYR iShares US Real Estate ETF	0.34%	18,830	$1.8M	Reduce -36.4%
SPG Simon Property Group Inc.	0.34%	9,684	$1.8M	Reduce -40.6%
KMI Kinder Morgan Inc.	0.34%	64,054	$1.8M	Reduce -29.8%
PAVE Global X US Infrastructure	0.33%	36,359	$1.7M	Reduce -35.1%
GEV GE Vernova Inc.	0.33%	2,809	$1.7M	Reduce -23.0%
TMO Thermo Fisher Scientific Inc.	0.33%	3,552	$1.7M	Reduce -20.6%
SO The Southern Co.	0.31%	17,459	$1.7M	Reduce -32.9%
DUK Duke Energy Corp.	0.31%	13,370	$1.7M	Reduce -31.2%
AEP American Electric Power	0.31%	14,605	$1.6M	Reduce -34.3%
SNOW Snowflake Inc.	0.31%	7,201	$1.6M	Reduce -8.3%
DE Deere & Co.	0.30%	3,472	$1.6M	Reduce -16.6%
NFLX Netflix Inc.	0.30%	1,323	$1.6M	Add +0.7%
EWY iShares MSCI South Korea ETF	0.29%	19,091	$1.5M	Reduce -24.2%
ETN Eaton Corp. PLC	0.28%	4,014	$1.5M	Reduce -14.9%
MA Mastercard Inc. Class A	0.27%	2,552	$1.5M	Reduce -25.9%
OXY Occidental Petroleum Corp.	0.27%	29,918	$1.4M	Reduce -38.6%
EOG EOG Resources Inc.	0.26%	12,506	$1.4M	Reduce -27.4%
COP Conocophillips	0.26%	14,813	$1.4M	Reduce -35.4%
GDX Vaneck Gold Miners ETF	0.26%	18,337	$1.4M	Reduce -56.8%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.26%	15,535	$1.4M	Reduce -39.3%
XLE SS Energy Select Sector	0.25%	15,103	$1.3M	Reduce -40.5%
GIS General Mills Inc.	0.24%	25,483	$1.3M	Reduce -34.5%
IQV Iqvia Holdings Inc.	0.24%	6,726	$1.3M	Reduce -20.5%
MDLZ Mondelez International Inc. Class A	0.24%	20,293	$1.3M	Reduce -31.3%
MFC Manulife Financial Corp.	0.24%	40,291	$1.3M	Reduce -29.4%
PG The Procter & Gamble Co.	0.24%	8,168	$1.3M	Reduce -35.4%
KO The Coca-Cola Co.	0.24%	18,915	$1.3M	Reduce -33.5%
WMT Walmart Inc.	0.23%	12,028	$1.2M	Add +69.8%
CRWD CrowdStrike Holdings Inc. Class A	0.23%	2,516	$1.2M	Add +24.1%
EQT Eqt Corp.	0.23%	22,300	$1.2M	Reduce -21.0%
LNG Cheniere Energy Inc.	0.22%	5,017	$1.2M	Reduce -27.6%
INDA iShares MSCI India ETF	0.21%	21,453	$1.1M	Add +5.5%
ARE Alexandria Real Estate Equit	0.21%	13,127	$1.1M	Reduce -47.1%
FINX Global X Fintech ETF	0.21%	32,505	$1.1M	Reduce -18.1%
PICK iShares MSCI Global Metals &	0.20%	23,718	$1.1M	Reduce -42.5%
XME SS SPDR S&P Metals Mining	0.20%	11,299	$1.1M	Reduce -53.9%
URA Global X Uranium ETF	0.19%	20,745	$989K	Reduce -48.0%
NOW ServiceNow Inc.	0.18%	1,045	$962K	New
GLD SPDR Gold Shares	0.16%	2,417	$859K	Reduce -43.9%
MMM 3M Co.	0.16%	5,421	$841K	Reduce -37.4%
BXP BXP Inc.	0.15%	10,831	$805K	Reduce -43.9%
ISRG Intuitive Surgical Inc.	0.14%	1,698	$759K	Reduce -6.2%
AMGN Amgen Inc.	0.14%	2,608	$736K	Reduce -37.0%
ADP Automatic Data Processing	0.14%	2,472	$726K	Reduce -31.5%
HPQ HP Inc.	0.13%	26,192	$713K	Reduce -41.3%
KR Kroger Co.	0.12%	9,642	$650K	Reduce -29.1%
MCO Moody's Corp.	0.12%	1,307	$623K	Reduce -22.0%
CB Chubb Ltd.	0.11%	2,145	$605K	Reduce -18.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.11%	2,093	$591K	Reduce -34.9%
SPGI S&P Global Inc.	0.11%	1,211	$589K	Reduce -26.5%
ICE Intercontinental Exchange Inc.	0.11%	3,365	$567K	Reduce -20.9%
NUE Nucor Corp.	0.10%	4,005	$542K	Reduce -44.9%
BWXT BWX Technologies Inc.	0.10%	2,879	$531K	Reduce -31.9%
GILD Gilead Sciences Inc.	0.10%	4,720	$524K	Reduce -38.6%
FCX Freeport-McMoran Inc.	0.10%	12,942	$508K	Reduce -28.3%
BHP BHP Group Ltd.-Spon ADR	0.09%	8,953	$499K	Reduce -46.3%
WOOD iShares Global Timber & Fore	0.09%	6,653	$488K	Reduce -39.2%
MOO Vaneck Agribusiness ETF	0.09%	6,639	$488K	Reduce -37.4%
ADM Archer-Daniels-Midland Co.	0.09%	7,995	$478K	Reduce -45.6%
COST Costco Wholesale Corp.	0.06%	341	$316K	New
BAM Brookfield Asset Mgmt-A	0.05%	4,935	$281K	Reduce -63.8%
CG The Carlyle Group Inc.	0.05%	4,425	$277K	Reduce -69.9%
APO Apollo Global Management Inc.	0.05%	2,070	$276K	Reduce -60.6%
TPG TPG Inc.	0.05%	4,606	$265K	Reduce -67.4%
ARES Ares Management Corp. Class A	0.05%	1,638	$262K	Reduce -62.0%
KKR KKR & Co. Inc.	0.05%	1,986	$258K	Reduce -64.7%
PHO Invesco Water Resources ETF	0.05%	3,392	$245K	Reduce -40.5%
BIPC Brookfield Infrastructure-A	0.04%	4,944	$203K	Reduce -58.9%
BEPC Brookfield Renewable Corp.	0.04%	5,896	$203K	Reduce -62.0%

Portfolio Sells Q2 2025 → Q3 2025


UNH Unitedhealth Group Inc.	Reduce -39.7%	2.21%	−0.94
SHEL Shell PLC-ADR	Reduce -35.9%	1.66%	−0.76
BP BP PLC-Spons ADR	Reduce -40.8%	1.84%	−0.73
CVX Chevron Corp.	Reduce -34.4%	2.10%	−0.71
XOM Exxon Mobil Corp.	Reduce -28.1%	2.51%	−0.67
AMD Advanced Micro Devices	Reduce -54.0%	0.57%	−0.47
LEN Lennar Corp. Class A	Reduce -49.2%	0.53%	−0.34
DHI D.R. Horton Inc.	Reduce -53.7%	0.56%	−0.32
NEE Nextera Energy Inc.	Reduce -26.3%	1.67%	−0.31
TOL Toll Brothers Inc.	Reduce -48.8%	0.56%	−0.30
F Ford Motor Co.	Reduce -36.0%	0.86%	−0.30
BN Brookfield Corp.	Reduce -38.2%	0.74%	−0.29
PFE Pfizer Inc.	Reduce -25.4%	1.26%	−0.27
BX Blackstone Inc.	Reduce -42.4%	0.59%	−0.26
AVGO Broadcom Inc.	Reduce -42.2%	0.62%	−0.23
AMLP Alerian MLP ETF	Reduce -34.3%	0.45%	−0.23
BCS Barclays PLC-Spons ADR	Reduce -40.6%	0.51%	−0.23
MLPX Global X MLP & Energy Infras	Reduce -36.3%	0.46%	−0.22
BLK BlackRock Inc.	Reduce -32.0%	0.86%	−0.22
XOP SS SPDR S&P Og Exp & Prod	Reduce -39.7%	0.44%	−0.22
VZ Verizon Communications Inc.	Reduce -27.9%	0.72%	−0.21
CNI Canadian Natl Railway Co.	Reduce -21.4%	0.64%	−0.21
DELL Dell Technologies -C	Reduce -41.3%	0.52%	−0.21
T AT&T Inc.	Reduce -20.8%	0.90%	−0.21
VST Vistra Corp.	Reduce -35.9%	0.42%	−0.20
MDT Medtronic PLC	Reduce -29.8%	0.77%	−0.18
JNJ Johnson & Johnson	Reduce -29.5%	1.61%	−0.18
CAT Caterpillar Inc.	Reduce -46.7%	0.38%	−0.17
GSK GSK PLC-Spon ADR	Reduce -26.2%	1.12%	−0.16
CEG Constellation Energy	Reduce -27.9%	0.56%	−0.16
CVS CVS Health Corp.	Reduce -32.9%	0.55%	−0.16
HD Home Depot Inc.	Reduce -38.0%	0.42%	−0.16
IYR iShares US Real Estate ETF	Reduce -36.4%	0.34%	−0.16
USRT iShares Core US REIT ETF	Reduce -36.2%	0.35%	−0.15
ENB Enbridge Inc.	Reduce -34.2%	0.50%	−0.15
TSM Taiwan Semiconductor-SP ADR	Reduce -29.6%	1.49%	−0.14
KMI Kinder Morgan Inc.	Reduce -29.8%	0.34%	−0.14
CME Cme Group Inc.	Reduce -21.9%	0.55%	−0.13
GDX Vaneck Gold Miners ETF	Reduce -56.8%	0.26%	−0.13
XLE SS Energy Select Sector	Reduce -40.5%	0.25%	−0.13
CSCO Cisco Systems Inc.	Reduce -26.0%	0.42%	−0.13
SPG Simon Property Group Inc.	Reduce -40.6%	0.34%	−0.13
PG The Procter & Gamble Co.	Reduce -35.4%	0.24%	−0.12
KO The Coca-Cola Co.	Reduce -33.5%	0.24%	−0.12
FSLR First Solar Inc.	Reduce -47.5%	0.34%	−0.12
AMZN Amazon.com Inc.	Reduce -13.0%	1.35%	−0.12
D Dominion Energy Inc.	Reduce -34.7%	0.35%	−0.12
GIS General Mills Inc.	Reduce -34.5%	0.24%	−0.12
XLU St Sr Utl SL SE SPDR ETF-Usd	Reduce -39.3%	0.26%	−0.12
MDLZ Mondelez International Inc. Class A	Reduce -31.3%	0.24%	−0.12

Portfolio Buys Q2 2025 → Q3 2025


AGG iShares Core U.S. Aggregate	Add +84.1%	16.87%	+8.25
VTEB Vanguard Tax-Exempt Bond ETF	New	3.70%	+3.70
TTE Totalenergies SE -Spon ADR	New	1.66%	+1.66
TM Toyota Motor Corp. -Spon ADR	Add +30.8%	1.99%	+0.69
NVO Novo-Nordisk A/S-Spons ADR	Add +47.5%	1.29%	+0.26
NOW ServiceNow Inc.	New	0.18%	+0.18
GM General Motors Co.	Add +14.2%	0.47%	+0.16
PANW Palo Alto Networks Inc.	Add +30.2%	0.53%	+0.14
LLY Eli Lilly & Co.	Add +15.2%	0.89%	+0.14
DIS The Walt Disney Co.	Add +21.2%	0.87%	+0.13
UNP Union Pacific Corp.	Add +10.0%	0.78%	+0.12
CRM Salesforce Inc.	Add +28.2%	0.81%	+0.12
WMT Walmart Inc.	Add +69.8%	0.23%	+0.11
UBER Uber Technologies Inc.	Add +8.7%	0.52%	+0.09
HDB HDFC Bank Ltd.-ADR	Add +26.9%	0.50%	+0.08
ADBE Adobe Inc.	Add +14.7%	0.85%	+0.08
COST Costco Wholesale Corp.	New	0.06%	+0.06
CRWD CrowdStrike Holdings Inc. Class A	Add +24.1%	0.23%	+0.05
V Visa Inc. Class A	Add +0.2%	0.77%	+0.01
INDA iShares MSCI India ETF	Add +5.5%	0.21%	+0.01
NFLX Netflix Inc.	Add +0.7%	0.30%	−0.02

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	140	$652.5M	VTEB, MRK, AGG, MSFT, GOOGL
Q1 2026	142	$639.7M	AGG, MRK, VTEB, GOOGL, MSFT
Q4 2025	136	$622.3M	AGG, MRK, VTEB, XOM, GOOGL
Q3 2025	142	$530.1M	AGG, VTEB, MRK, GOOGL, XOM
Q2 2025	138	$557.5M	AGG, MRK, XOM, UNH, CVX
Q1 2025	140	$382.3M	AGG, MRK, SHEL, XOM, CVX
Q4 2024	126	$426.1M	AGG, BP, SHEL, XOM, CVX
Q3 2024	127	$424.9M	AGG, CVX, BP, XOM, SHEL
Q2 2024	137	$471.3M	AGG, SHEL, XOM, BP, CVX
Q1 2024	123	$440.5M	AGG, XOM, CVX, SHEL, BP