Telos Capital Management, Inc.

Name: Telos Capital Management, Inc. 13F holdings, Q2 2025
Creator: Telos Capital Management, Inc.
Published: 2025-08-05

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

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Telos Capital Management, Inc. reported 195 stock positions worth $981.9 million. Its top holding was Apple (AAPL) at 4.8% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 4.1%) and Qualcomm (QCOM, 3.1%). Compared with Q1 2025, it opened 9 new positions, sold out of 5, added to 123 and reduced 54. The biggest buy was Carrier Global (CARR, shares +55%) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0001567889
Portfolio Value: $981.9M (Q2 2025)
SEC Filing: 0001567889-25-000004 ↗ filed Aug 5, 2025

Holdings Value

Holdings 195 stocks · $981.9M


AAPL Apple Inc.	4.80%	229,806	$47.1M	Add +0.9%
VTI VG Morningstar TS MKT ETF-US	4.06%	131,309	$39.9M	Add +4.8%
QCOM Qualcomm Inc.	3.10%	191,248	$30.5M	Reduce -2.0%
VEU Vanguard Ftse All-World Ex-U	2.32%	338,827	$22.8M	Add +5.1%
HD Home Depot Inc.	2.15%	57,609	$21.1M	Reduce -0.1%
V Visa Inc. Class A	2.14%	59,134	$21.0M	Add +2.3%
AMZN Amazon.com Inc.	2.10%	93,764	$20.6M	Add +2.5%
MS Morgan Stanley	2.06%	143,372	$20.2M	Reduce -0.5%
GOOGL Alphabet Inc. Class A	2.02%	112,477	$19.8M	Add +1.5%
JPM JPMorgan Chase & Co.	1.96%	66,323	$19.2M	Add +1.6%
PEP Pepsico Inc.	1.82%	135,676	$17.9M	Add +1.4%
PG The Procter & Gamble Co.	1.81%	111,510	$17.8M	Reduce -1.1%
VEA Vanguard Ftse Developed ETF	1.81%	311,466	$17.8M	Add +0.6%
CVX Chevron Corp.	1.57%	107,940	$15.5M	Add +7.9%
PANW Palo Alto Networks Inc.	1.56%	75,086	$15.4M	Add +25.5%
NOC Northrop Grumman Corp.	1.53%	30,056	$15.0M	Add +0.9%
MSFT Microsoft Corp.	1.51%	29,884	$14.9M	Reduce -1.2%
TRV The Travelers Cos Inc.	1.39%	51,126	$13.7M	Reduce -1.6%
MA Mastercard Inc. Class A	1.39%	24,293	$13.7M	Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B	1.31%	26,508	$12.9M	Add +1.2%
CARR Carrier Global Corp.	1.28%	172,026	$12.6M	Add +55.2%
QQQ Invesco QQQ Trust Series 1	1.28%	22,797	$12.6M	Add +4.9%
IVV iShares Core S&P 500 ETF	1.26%	19,891	$12.4M	Add +8.1%
J Jacobs Solutions Inc.	1.24%	92,342	$12.1M	Add +0.6%
ORCL Oracle Corp.	1.17%	52,490	$11.5M	Add +1.1%
NXPI NXP Semiconductors NV	1.14%	51,102	$11.2M	Reduce -4.7%
IJH iShares Core S&P Midcap ETF	1.12%	177,116	$11.0M	Add +6.3%
COST Costco Wholesale Corp.	1.09%	10,776	$10.7M	Add +3.4%
GOOG Alphabet Inc. Class C	1.06%	58,831	$10.4M	Add +0.0%
HON Honeywell International Inc.	1.00%	42,160	$9.8M	Add +3.5%
UPS United Parcel Service Class B	0.96%	93,666	$9.5M	Add +2.3%
DHR Danaher Corp.	0.95%	47,160	$9.3M	Add +4.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.93%	74,005	$9.2M	Reduce -0.8%
CSCO Cisco Systems Inc.	0.89%	126,155	$8.8M	Add +0.5%
GS Goldman Sachs Group Inc.	0.89%	12,348	$8.7M	Add +1.6%
VRTX Vertex Pharmaceuticals Inc.	0.87%	19,242	$8.6M	Add +5.9%
META Meta Platforms Inc. Class A	0.85%	11,335	$8.4M	Add +3.7%
ASML ASML Holding NV-NY Reg SHS	0.85%	10,387	$8.3M	Add +2.7%
RSG Republic Services Inc.	0.85%	33,693	$8.3M	Reduce -0.8%
TEL Te Connectivity PLC	0.82%	47,841	$8.1M	Add +0.6%
RTX RTX Corp.	0.81%	54,757	$8.0M	Reduce -2.4%
VCSH Vanguard S/T Corp. Bond ETF	0.81%	100,042	$8.0M	Reduce -1.2%
RMD Resmed Inc.	0.81%	30,721	$7.9M	Add +0.7%
EOG EOG Resources Inc.	0.79%	65,034	$7.8M	Add +5.4%
AMGN Amgen Inc.	0.79%	27,672	$7.7M	Add +7.4%
PYPL PayPal Holdings Inc.	0.76%	100,725	$7.5M	Add +4.3%
JNJ Johnson & Johnson	0.76%	48,926	$7.5M	Add +1.0%
APD Air Products & Chemicals Inc.	0.75%	26,132	$7.4M	Reduce -1.5%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.74%	74,832	$7.2M	Reduce -8.9%
PNC PNC Financial Services Group	0.68%	36,070	$6.7M	Add +0.1%
CBRE CBRE Group Inc. Class A	0.68%	47,927	$6.7M	Add +5.0%
ROK Rockwell Automation Inc.	0.68%	20,042	$6.7M	Reduce -4.8%
WSM Williams-Sonoma Inc.	0.68%	40,630	$6.6M	Add +0.9%
LMT Lockheed Martin Corp.	0.67%	14,121	$6.5M	Add +1.3%
IQV Iqvia Holdings Inc.	0.66%	41,006	$6.5M	Add +2.4%
ENB Enbridge Inc.	0.66%	142,382	$6.5M	Add +0.7%
PSX Phillips 66	0.65%	53,565	$6.4M	Add +2.2%
SO The Southern Co.	0.65%	69,521	$6.4M	Add +0.6%
NEE Nextera Energy Inc.	0.64%	91,115	$6.3M	Add +0.7%
VCIT Vanguard Int-Term Corporate	0.64%	75,808	$6.3M	Reduce -1.3%
DLS Wisdomtree Intl S/C DVD Fund	0.63%	82,581	$6.2M	Add +0.6%
AEP American Electric Power	0.63%	59,753	$6.2M	Reduce -0.4%
IEFA iShares Core MSCI Eafe ETF	0.62%	72,896	$6.1M	Add +0.8%
NOW ServiceNow Inc.	0.62%	5,895	$6.1M	Add +3.5%
NVDA Nvidia Corp.	0.62%	38,262	$6.0M	Add +0.6%
WMT Walmart Inc.	0.61%	61,707	$6.0M	Reduce -3.5%
MCD McDonald's Corp.	0.61%	20,523	$6.0M	Reduce -6.8%
VYM Vanguard High DVD Yield ETF	0.61%	44,779	$6.0M	Add +5.1%
MDT Medtronic PLC	0.60%	68,019	$5.9M	Add +2.3%
IJR iShares Core S&P Small-Cap E	0.60%	53,835	$5.9M	Add +3.6%
O Realty Income Corp.	0.58%	99,467	$5.7M	Add +0.5%
BMY Bristol-Myers Squibb Co.	0.53%	113,451	$5.3M	Add +3.4%
AMTM Amentum Holdings Inc.	0.53%	220,718	$5.2M	Reduce -13.8%
NFLX Netflix Inc.	0.52%	3,787	$5.1M	Add +5.4%
GPC Genuine Parts Co.	0.51%	41,521	$5.0M	Add +1.5%
EW Edwards Lifesciences Corp.	0.50%	62,415	$4.9M	Add +12.9%
AVDV Avantis Intl S/C Value ETF	0.43%	53,355	$4.2M	Add +3.0%
ABT Abbott Laboratories	0.42%	30,600	$4.2M	Add +0.5%
AVUV Avantis US Small Cap Value	0.40%	42,992	$3.9M	Add +9.5%
EFV iShares MSCI Eafe Value ETF	0.40%	61,569	$3.9M	Add +2.0%
ABBV Abbvie Inc.	0.38%	19,876	$3.7M	Reduce -1.7%
IVE iShares S&P 500 Value ETF	0.37%	18,491	$3.6M	Add +8.8%
ADBE Adobe Inc.	0.36%	9,171	$3.5M	Reduce -6.6%
RSP Invesco S&P 500 Equal Weight	0.36%	19,502	$3.5M	Add +7.8%
WM Waste Management Inc.	0.36%	15,449	$3.5M	Reduce -24.6%
NVS Novartis AG-Sponsored ADR	0.33%	26,690	$3.2M	Reduce -2.7%
XLF SS Financial Select Sector	0.32%	59,562	$3.1M	Add +14.7%
XOM Exxon Mobil Corp.	0.32%	28,696	$3.1M	Add +3.0%
SMH Vaneck Semiconductor ETF	0.31%	10,813	$3.0M	New
VXF Vanguard Extended Market ETF	0.30%	15,066	$2.9M	Add +8.6%
LLY Eli Lilly & Co.	0.26%	3,280	$2.6M	Add +65.5%
ACN Accenture PLC Class A	0.26%	8,546	$2.6M	Add +10.2%
IWS iShares Russell Mid-Cap Valu	0.25%	18,906	$2.5M	Add +5.1%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.23%	11,831	$2.3M	Add +9.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.23%	7,794	$2.3M	Reduce -0.7%
ZTS Zoetis Inc.	0.20%	12,867	$2.0M	Reduce -70.5%
UNP Union Pacific Corp.	0.20%	8,389	$1.9M	Reduce -0.9%
DE Deere & Co.	0.18%	3,416	$1.7M	Add +0.7%
PLD Prologis Inc.	0.16%	14,653	$1.5M	Add +61.7%
TSLA Tesla Inc.	0.15%	4,778	$1.5M	Add +1.4%
MAA Mid-America Apartment Comm	0.15%	10,215	$1.5M	Add +2.0%
CRWD CrowdStrike Holdings Inc. Class A	0.15%	2,961	$1.5M	Add +51.9%
AFL Aflac Inc.	0.15%	14,186	$1.5M	Reduce -2.0%
UDR Udr Inc.	0.15%	35,544	$1.5M	Add +2.0%
CPT Camden Property Trust	0.15%	12,830	$1.4M	Add +2.4%
IBB iShares Biotechnology ETF	0.15%	11,336	$1.4M	Add +4.0%
SPTM SS SPDR P S&P 1500 Comp ETF	0.15%	19,064	$1.4M	Reduce -0.8%
DLR Digital Realty Trust Inc.	0.14%	8,089	$1.4M	Add +0.8%
CAT Caterpillar Inc.	0.14%	3,451	$1.3M	Add +7.5%
VNQ Vanguard Real Estate ETF	0.14%	14,891	$1.3M	Add +4.9%
ARE Alexandria Real Estate Equit	0.13%	17,841	$1.3M	Add +5.8%
SPY SS SPDR S&P 500 ETF Trust-US	0.13%	2,051	$1.3M	Add +2.6%
MRK Merck & Co. Inc.	0.13%	15,848	$1.3M	Add +7.3%
SOXX iShares Semiconductor ETF	0.13%	5,211	$1.2M	Add +2.5%
AVGO Broadcom Inc.	0.12%	4,384	$1.2M	Add +11.4%
GLD SPDR Gold Shares	0.12%	3,751	$1.1M	Reduce -11.7%
WFC Wells Fargo & Co.	0.12%	14,105	$1.1M	Add +5.9%
EMR Emerson Electric Co.	0.11%	8,442	$1.1M	Reduce -4.1%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.11%	13,330	$1.1M	Add +4.1%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	0.10%	12,637	$1.0M	Reduce -6.3%
VIG Vanguard Dividend Apprec ETF	0.10%	4,844	$991K	Add +8.2%
PFF iShares Preferred & Income S	0.10%	32,034	$983K	Reduce -6.6%
KO The Coca-Cola Co.	0.10%	13,502	$955K	Reduce -14.4%
ANET Arista Networks Inc.	0.10%	9,260	$947K	Add +1.0%
CWB SS SPDR BB Conv Sec ETF	0.09%	10,794	$892K	Reduce -0.1%
MCHP Microchip Technology Inc.	0.09%	12,521	$881K	Add +2.0%
AVEM Avantis Emerging Markets Eq	0.09%	12,605	$864K	Add +3.9%
VGT Vanguard Info Tech ETF	0.09%	1,269	$842K	Add +18.1%
IWF iShares Russell 1000 Growth	0.08%	1,924	$817K	Add +1.3%
KMB Kimberly-Clark Corp.	0.08%	6,294	$811K	Add +1.5%
XLE SS Energy Select Sector	0.08%	9,263	$786K	Add +11.8%
BRK.A Berkshire Hathaway Inc. Class A	0.07%	1	$729K	No change
XCEM Columbia Em Core Ex-China	0.07%	21,058	$720K	Reduce -6.5%
EWY iShares MSCI South Korea ETF	0.07%	9,897	$710K	Add +0.8%
GE General Electric filed as GE AEROSPACE	0.07%	2,732	$703K	Reduce -9.1%
EMXC iShares MSCI Emr MRK Ex Chna	0.07%	10,665	$673K	Reduce -14.9%
PFE Pfizer Inc.	0.07%	27,400	$664K	Add +9.2%
VZ Verizon Communications Inc.	0.07%	15,183	$657K	Reduce -10.9%
SLG SL Green Realty Corp.	0.07%	10,434	$646K	Add +0.6%
CEG Constellation Energy	0.06%	1,956	$631K	Add +1.0%
KIM Kimco Realty Corp.	0.06%	29,767	$626K	Add +0.4%
PLTR Palantir Technologies Inc. Class A	0.06%	4,387	$598K	Add +9.7%
SYY Sysco Corp.	0.06%	7,894	$598K	No change
PM Philip Morris International	0.06%	3,224	$587K	Add +4.4%
KLAC KLA Corp.	0.06%	629	$563K	Add +2.8%
LRCX Lam Research Corp.	0.06%	5,662	$551K	Add +4.6%
CRM Salesforce Inc.	0.05%	1,936	$528K	Add +24.7%
T AT&T Inc.	0.05%	18,043	$522K	Add +22.0%
VOO Vanguard S&P 500 ETF	0.05%	907	$515K	Reduce -7.5%
XYL Xylem Inc.	0.05%	3,901	$505K	Reduce -0.3%
SCHW Schwab (charles) Corp.	0.05%	5,431	$496K	Reduce -11.9%
EFA iShares MSCI Eafe ETF	0.05%	5,204	$465K	Reduce -2.8%
INTU Intuit Inc.	0.05%	585	$461K	Add +2.6%
SBUX Starbucks Corp.	0.05%	4,993	$458K	Reduce -0.4%
DHI D.R. Horton Inc.	0.04%	3,354	$432K	Add +0.3%
AMAT Applied Materials Inc.	0.04%	2,306	$422K	Reduce -2.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.04%	404	$420K	Add +1.0%
SCHB Schwab US Broad Market ETF	0.04%	17,303	$412K	Add +0.3%
PPH Vaneck Pharmaceutical ETF	0.04%	4,516	$397K	Add +2.1%
VWO Vanguard Ftse Emerging Marke	0.04%	8,002	$396K	Reduce -4.3%
ADP Automatic Data Processing	0.04%	1,276	$394K	Reduce -2.1%
CMCSA Comcast Corp. Class A	0.04%	10,324	$368K	Add +2.7%
REG Regency Centers Corp.	0.04%	5,039	$359K	Add +0.5%
LHX L3HARRIS Technologies Inc.	0.04%	1,423	$357K	Reduce -0.2%
LECO Lincoln Electric Holdings	0.04%	1,686	$350K	Reduce -1.9%
MMM 3M Co.	0.03%	2,175	$331K	Reduce -1.3%
ILMN Illumina Inc.	0.03%	3,298	$315K	Reduce -1.5%
MAR Marriott International Class A	0.03%	1,125	$307K	Add +4.0%
MDLZ Mondelez International Inc. Class A	0.03%	4,329	$292K	Add +0.5%
HUBB Hubbell Inc.	0.03%	699	$285K	No change
RS Reliance Inc.	0.03%	900	$283K	No change
TGT Target Corp.	0.03%	2,841	$280K	Add +0.7%
BA The Boeing Co.	0.03%	1,309	$274K	Add +4.8%
BLK BlackRock Inc.	0.03%	258	$271K	New
ECL Ecolab Inc.	0.03%	994	$268K	Reduce -0.1%
SCHG Schwab US Large-Cap Growth	0.03%	9,054	$264K	Add +0.0%
CWH Camping World Holdings Inc. Class A	0.03%	15,000	$258K	Reduce -40.0%
LEN Lennar Corp. Class A	0.03%	2,310	$255K	No change
VTV Vanguard Mrngstr Val ETF-Aui	0.03%	1,439	$254K	Add +23.6%
SPDW Ste STR SPDR PT DW Eu ETF	0.03%	6,274	$254K	No change
REGN Regeneron Pharmaceuticals	0.03%	482	$253K	New
XLI SS Industrial Select Sector	0.03%	1,697	$250K	New
A Agilent Technologies Inc.	0.03%	2,117	$250K	Add +2.2%
EXC Exelon Corp.	0.03%	5,687	$247K	No change
WY Weyerhaeuser Co.	0.03%	9,551	$245K	Add +1.7%
ALEX Alexander & Baldwin Inc.	0.02%	13,664	$244K	Add +0.9%
AMH American Homes 4 Rent- A	0.02%	6,529	$236K	Reduce -0.1%
IAU iShares Gold Trust	0.02%	3,751	$234K	Reduce -12.3%
TXN Texas Instruments Inc.	0.02%	1,076	$223K	New
VLTO Veralto Corp.	0.02%	2,200	$222K	No change
BDN Brandywine Realty Trust	0.02%	49,664	$213K	No change
XLK SS Technology Select Sector	0.02%	829	$210K	New
IWB iShares Russell 1000 ETF	0.02%	612	$208K	New
MU Micron Technology Inc.	0.02%	1,684	$208K	New
SYK Stryker Corp.	0.02%	508	$201K	New

Other holdings (1): bonds, preferreds, convertibles and warrants · $354K (not counted above)

Security	Class	Shares / Principal	Value	Change
FLAGSTAR BANK NA (FLG 6 11/01/51)	UNIT 05/07/2051	9,200	$354K	New

Total filed on the 13F, all lines: $982.2M.

Portfolio Sells Q1 2025 → Q2 2025


UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.84
ZTS Zoetis Inc.	Reduce -70.5%	0.20%	−0.58
PG The Procter & Gamble Co.	Reduce -1.1%	1.81%	−0.28
QCOM Qualcomm Inc.	Reduce -2.0%	3.10%	−0.17
WM Waste Management Inc.	Reduce -24.6%	0.36%	−0.16
HD Home Depot Inc.	Reduce -0.1%	2.15%	−0.15
MCD McDonald's Corp.	Reduce -6.8%	0.61%	−0.14
TRV The Travelers Cos Inc.	Reduce -1.6%	1.39%	−0.10
APD Air Products & Chemicals Inc.	Reduce -1.5%	0.75%	−0.10
TROW T Rowe Price Group Inc.	Reduce -8.9%	0.74%	−0.09
ABBV Abbvie Inc.	Reduce -1.7%	0.38%	−0.09
AEP American Electric Power	Reduce -0.4%	0.63%	−0.08
VCSH Vanguard S/T Corp. Bond ETF	Reduce -1.2%	0.81%	−0.06
RSG Republic Services Inc.	Reduce -0.8%	0.85%	−0.05
ADBE Adobe Inc.	Reduce -6.6%	0.36%	−0.05
VCIT Vanguard Int-Term Corporate	Reduce -1.3%	0.64%	−0.04
CAG Conagra Brands Inc.	Sold out	0.00%	−0.03
KO The Coca-Cola Co.	Reduce -14.4%	0.10%	−0.03
SCHX Schwab US Large-Cap ETF	Sold out	0.00%	−0.02
AFL Aflac Inc.	Reduce -2.0%	0.15%	−0.02
SRE Sempra	Sold out	0.00%	−0.02
UNP Union Pacific Corp.	Reduce -0.9%	0.20%	−0.02
CWH Camping World Holdings Inc. Class A	Reduce -40.0%	0.03%	−0.02
VZ Verizon Communications Inc.	Reduce -10.9%	0.07%	−0.02
GLD SPDR Gold Shares	Reduce -11.7%	0.12%	−0.02
PFF iShares Preferred & Income S	Reduce -6.6%	0.10%	−0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	Reduce -6.3%	0.10%	−0.01
OPRT Oportun Financial Corp.	Sold out	0.00%	−0.01
SBUX Starbucks Corp.	Reduce -0.4%	0.05%	−0.01
EMXC iShares MSCI Emr MRK Ex Chna	Reduce -14.9%	0.07%	−0.01
NVS Novartis AG-Sponsored ADR	Reduce -2.7%	0.33%	−0.00
IAU iShares Gold Trust	Reduce -12.3%	0.02%	−0.00
ADP Automatic Data Processing	Reduce -2.1%	0.04%	−0.00
AMH American Homes 4 Rent- A	Reduce -0.1%	0.02%	−0.00
VOO Vanguard S&P 500 ETF	Reduce -7.5%	0.05%	−0.00
SCHW Schwab (charles) Corp.	Reduce -11.9%	0.05%	−0.00
MMM 3M Co.	Reduce -1.3%	0.03%	−0.00
VWO Vanguard Ftse Emerging Marke	Reduce -4.3%	0.04%	−0.00
EFA iShares MSCI Eafe ETF	Reduce -2.8%	0.05%	−0.00
ECL Ecolab Inc.	Reduce -0.1%	0.03%	−0.00
LECO Lincoln Electric Holdings	Reduce -1.9%	0.04%	+0.00
XYL Xylem Inc.	Reduce -0.3%	0.05%	+0.00
CWB SS SPDR BB Conv Sec ETF	Reduce -0.1%	0.09%	+0.00
XCEM Columbia Em Core Ex-China	Reduce -6.5%	0.07%	+0.00
WMT Walmart Inc.	Reduce -3.5%	0.61%	+0.00
SPTM SS SPDR P S&P 1500 Comp ETF	Reduce -0.8%	0.15%	+0.00
ILMN Illumina Inc.	Reduce -1.5%	0.03%	+0.00
LHX L3HARRIS Technologies Inc.	Reduce -0.2%	0.04%	+0.00
RTX RTX Corp.	Reduce -2.4%	0.81%	+0.00
AMAT Applied Materials Inc.	Reduce -2.1%	0.04%	+0.01

Portfolio Buys Q1 2025 → Q2 2025


CARR Carrier Global Corp.	Add +55.2%	1.28%	+0.52
PANW Palo Alto Networks Inc.	Add +25.5%	1.56%	+0.45
ORCL Oracle Corp.	Add +1.1%	1.17%	+0.38
VTI VG Morningstar TS MKT ETF-US	Add +4.8%	4.06%	+0.31
SMH Vaneck Semiconductor ETF	New	0.31%	+0.31
JPM JPMorgan Chase & Co.	Add +1.6%	1.96%	+0.21
AMZN Amazon.com Inc.	Add +2.5%	2.10%	+0.20
VEU Vanguard Ftse All-World Ex-U	Add +5.1%	2.32%	+0.19
QQQ Invesco QQQ Trust Series 1	Add +4.9%	1.28%	+0.17
GS Goldman Sachs Group Inc.	Add +1.6%	0.89%	+0.17
NVDA Nvidia Corp.	Add +0.6%	0.62%	+0.17
META Meta Platforms Inc. Class A	Add +3.7%	0.85%	+0.17
NFLX Netflix Inc.	Add +5.4%	0.52%	+0.15
GOOGL Alphabet Inc. Class A	Add +1.5%	2.02%	+0.15
IVV iShares Core S&P 500 ETF	Add +8.1%	1.26%	+0.13
NOW ServiceNow Inc.	Add +3.5%	0.62%	+0.12
ASML ASML Holding NV-NY Reg SHS	Add +2.7%	0.85%	+0.12
VEA Vanguard Ftse Developed ETF	Add +0.6%	1.81%	+0.09
TEL Te Connectivity PLC	Add +0.6%	0.82%	+0.09
LLY Eli Lilly & Co.	Add +65.5%	0.26%	+0.08
CRWD CrowdStrike Holdings Inc. Class A	Add +51.9%	0.15%	+0.08
PYPL PayPal Holdings Inc.	Add +4.3%	0.76%	+0.08
RMD Resmed Inc.	Add +0.7%	0.81%	+0.06
GOOG Alphabet Inc. Class C	Add +0.0%	1.06%	+0.06
EW Edwards Lifesciences Corp.	Add +12.9%	0.50%	+0.06
HON Honeywell International Inc.	Add +3.5%	1.00%	+0.06
IJH iShares Core S&P Midcap ETF	Add +6.3%	1.12%	+0.06
AVGO Broadcom Inc.	Add +11.4%	0.12%	+0.05
CSCO Cisco Systems Inc.	Add +0.5%	0.89%	+0.05
PLD Prologis Inc.	Add +61.7%	0.16%	+0.05
DLS Wisdomtree Intl S/C DVD Fund	Add +0.6%	0.63%	+0.04
AVDV Avantis Intl S/C Value ETF	Add +3.0%	0.43%	+0.04
XLF SS Financial Select Sector	Add +14.7%	0.32%	+0.04
VXF Vanguard Extended Market ETF	Add +8.6%	0.30%	+0.04
CBRE CBRE Group Inc. Class A	Add +5.0%	0.68%	+0.03
BLK BlackRock Inc.	New	0.03%	+0.03
J Jacobs Solutions Inc.	Add +0.6%	1.24%	+0.03
AVUV Avantis US Small Cap Value	Add +9.5%	0.40%	+0.03
REGN Regeneron Pharmaceuticals	New	0.03%	+0.03
XLI SS Industrial Select Sector	New	0.03%	+0.03
MCHP Microchip Technology Inc.	Add +2.0%	0.09%	+0.03
PLTR Palantir Technologies Inc. Class A	Add +9.7%	0.06%	+0.02
IEFA iShares Core MSCI Eafe ETF	Add +0.8%	0.62%	+0.02
TXN Texas Instruments Inc.	New	0.02%	+0.02
SOXX iShares Semiconductor ETF	Add +2.5%	0.13%	+0.02
VGT Vanguard Info Tech ETF	Add +18.1%	0.09%	+0.02
CEG Constellation Energy	Add +1.0%	0.06%	+0.02
TSLA Tesla Inc.	Add +1.4%	0.15%	+0.02
XLK SS Technology Select Sector	New	0.02%	+0.02
IWB iShares Russell 1000 ETF	New	0.02%	+0.02

Notes & Other Activity Q1 2025 → Q2 2025


FLAGSTAR BANK NA (FLG 6 11/01/51)	UNIT 05/07/2051	New	9,200	$354K

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	201	$1.1B	AAPL, VTI, QCOM, GOOGL, VEU
Q1 2026	191	$1.0B	AAPL, VTI, VEU, GOOGL, QCOM
Q4 2025	196	$1.1B	AAPL, VTI, GOOGL, QCOM, VEU
Q3 2025	193	$1.0B	AAPL, VTI, QCOM, GOOGL, VEU
Q2 2025	195	$981.9M	AAPL, VTI, QCOM, VEU, HD
Q1 2025	191	$917.8M	AAPL, VTI, QCOM, HD, V
Q4 2024	197	$937.6M	AAPL, VTI, QCOM, HD, GOOGL
Q3 2024	196	$952.8M	AAPL, QCOM, VTI, HD, PEP
Q2 2024	192	$902.2M	AAPL, QCOM, VTI, HD, GOOGL
Q1 2024	194	$886.9M	AAPL, QCOM, VTI, HD, PEP