Stephenson & Company, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Stephenson & Company, Inc. reported 42 stock positions worth $164.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 14.9% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 14.1%) and iShares Core S&P 500 ETF (IVV, 13.5%). Compared with Q1 2025, it opened 5 new positions, sold out of 2, added to 16 and reduced 7. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +4%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- San Clemente, CA
- CIK
- 0002001544
- Portfolio Value
- $164.6M (Q2 2025)
- SEC Filing
- 0001172661-25-002974 ↗ filed Aug 8, 2025
Holdings Value
Holdings 42 stocks · $164.6M
| BRK.B Berkshire Hathaway Inc. Class B | 14.88% | 50,429 | $24.5M | Reduce -0.3% |
| RSP Invesco S&P 500 Equal Weight | 14.11% | 127,816 | $23.2M | Add +3.6% |
| IVV iShares Core S&P 500 ETF | 13.51% | 35,827 | $22.2M | Add +4.5% |
| VEA Vanguard Ftse Developed ETF | 13.39% | 386,689 | $22.0M | Add +2.3% |
| BSV Vanguard Short-Term Bond ETF | 10.32% | 215,909 | $17.0M | Add +8.2% |
| BIV Vanguard Intermediate-Term B | 6.41% | 136,437 | $10.6M | Add +1.1% |
| IJH iShares Core S&P Midcap ETF | 3.73% | 98,943 | $6.1M | Add +3.8% |
| IJR iShares Core S&P Small-Cap E | 3.70% | 55,725 | $6.1M | Add +5.9% |
| VWO Vanguard Ftse Emerging Marke | 3.38% | 112,340 | $5.6M | Add +3.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.37% | 6,306 | $3.9M | Add +0.1% |
| TIP iShares Tips Bond ETF | 2.22% | 33,215 | $3.7M | Add +9.3% |
| MUB iShares National Muni Bond E | 1.57% | 24,707 | $2.6M | No change |
| JNK SS SPDR BB High Yield Bond | 1.16% | 19,627 | $1.9M | Add +2.5% |
| ITOT iShares Core S&P Total U.S. | 1.08% | 13,202 | $1.8M | No change |
| EMB iShares JP Morgan Usd Emergi | 1.05% | 18,742 | $1.7M | Add +4.7% |
| AAPL Apple Inc. | 0.96% | 7,683 | $1.6M | Add +7.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.89% | 2 | $1.5M | No change |
| IWM iShares Russell 2000 ETF | 0.71% | 5,421 | $1.2M | No change |
| EFA iShares MSCI Eafe ETF | 0.56% | 10,257 | $917K | Reduce -0.5% |
| GBTC Grayscale Bitcoin Trust ETF | 0.33% | 6,400 | $543K | No change |
| ANET Arista Networks Inc. | 0.22% | 3,600 | $368K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.22% | 4,020 | $366K | No change |
| GLD SPDR Gold Shares | 0.21% | 1,144 | $349K | New |
| ESGD iShares Trust iShares ESG Aw | 0.20% | 3,731 | $333K | Add +21.2% |
| IWD iShares Russell 1000 Value E | 0.20% | 1,709 | $332K | Reduce -0.9% |
| EEM iShares MSCI Emerging Market | 0.20% | 6,794 | $328K | No change |
| HD Home Depot Inc. | 0.19% | 875 | $321K | Add +3.4% |
| AGG iShares Core U.S. Aggregate | 0.19% | 3,072 | $305K | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.18% | 4,507 | $303K | No change |
| AXP American Express Co. | 0.18% | 918 | $293K | No change |
| DE Deere & Co. | 0.16% | 519 | $264K | Reduce -7.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.16% | 585 | $256K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.15% | 2,750 | $253K | Reduce -3.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 857 | $253K | No change |
| TSLA Tesla Inc. | 0.15% | 779 | $247K | New |
| FNF Fidelity National Financial | 0.14% | 4,034 | $226K | Reduce -7.3% |
| UNH Unitedhealth Group Inc. | 0.13% | 678 | $211K | Add +5.8% |
| NVDA Nvidia Corp. | 0.13% | 1,320 | $209K | New |
| AMZN Amazon.com Inc. | 0.13% | 947 | $208K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.12% | 859 | $204K | New |
| SCHF Schwab Intl Equity ETF | 0.12% | 9,207 | $203K | Reduce -20.7% |
| IBMN iShares Ibonds Dec 2025 Term | 0.12% | 7,499 | $201K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 14.88% | −2.62 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.13 |
| FAF First American Financial | Sold out | 0.00% | −0.13 |
| FNF Fidelity National Financial | Reduce -7.3% | 0.14% | −0.05 |
| SCHF Schwab Intl Equity ETF | Reduce -20.7% | 0.12% | −0.03 |
| DE Deere & Co. | Reduce -7.8% | 0.16% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -0.9% | 0.20% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -3.5% | 0.15% | −0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -0.5% | 0.56% | +0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +4.5% | 13.51% | +0.99 |
| VEA Vanguard Ftse Developed ETF | Add +2.3% | 13.39% | +0.90 |
| RSP Invesco S&P 500 Equal Weight | Add +3.6% | 14.11% | +0.22 |
| GLD SPDR Gold Shares | New | 0.21% | +0.21 |
| BSV Vanguard Short-Term Bond ETF | Add +8.2% | 10.32% | +0.17 |
| VWO Vanguard Ftse Emerging Marke | Add +3.0% | 3.38% | +0.17 |
| TSLA Tesla Inc. | New | 0.15% | +0.15 |
| NVDA Nvidia Corp. | New | 0.13% | +0.13 |
| AMZN Amazon.com Inc. | New | 0.13% | +0.13 |
| IJR iShares Core S&P Small-Cap E | Add +5.9% | 3.70% | +0.12 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.12% | +0.12 |
| IJH iShares Core S&P Midcap ETF | Add +3.8% | 3.73% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 2.37% | +0.08 |
| ESGD iShares Trust iShares ESG Aw | Add +21.2% | 0.20% | +0.04 |
| TIP iShares Tips Bond ETF | Add +9.3% | 2.22% | +0.03 |
| EMB iShares JP Morgan Usd Emergi | Add +4.7% | 1.05% | +0.00 |
| HD Home Depot Inc. | Add +3.4% | 0.19% | −0.01 |
| JNK SS SPDR BB High Yield Bond | Add +2.5% | 1.16% | −0.03 |
| AAPL Apple Inc. | Add +7.1% | 0.96% | −0.08 |
| UNH Unitedhealth Group Inc. | Add +5.8% | 0.13% | −0.09 |
| BIV Vanguard Intermediate-Term B | Add +1.1% | 6.41% | −0.31 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 50 | $213.5M | RSP, IVV, VEA, BRK.B, BSV |
| Q1 2026 | 43 | $184.4M | RSP, BRK.B, VEA, IVV, BSV |
| Q4 2025 | 45 | $182.1M | BRK.B, RSP, IVV, VEA, BSV |
| Q3 2025 | 43 | $174.1M | BRK.B, RSP, IVV, VEA, BSV |
| Q2 2025 | 42 | $164.6M | BRK.B, RSP, IVV, VEA, BSV |
| Q1 2025 | 39 | $153.9M | BRK.B, RSP, IVV, VEA, BSV |
| Q4 2024 | 36 | $148.6M | BRK.B, RSP, IVV, VEA, BSV |
| Q3 2024 | 39 | $147.8M | BRK.B, RSP, IVV, VEA, BSV |
| Q2 2024 | 36 | $134.9M | BRK.B, RSP, IVV, VEA, BSV |
| Q1 2024 | 38 | $136.8M | BRK.B, RSP, IVV, VEA, BSV |