TRB Advisors LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), TRB Advisors LP reported 11 stock positions worth $496.3 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 58.6% of the portfolio, followed by Microsoft (MSFT, 12.5%) and Apple (AAPL, 7.8%). Compared with Q2 2025, it opened 3 new positions, sold out of 3, added to 2 and reduced 2. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +73%) and the biggest sale Microsoft (MSFT, shares −38%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001513300
Portfolio Value
$496.3M (Q3 2025)
SEC Filing
0001193125-25-260452 ↗ filed Oct 31, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $462.9M Q1 2024 Q2 2024: $536.3M Q2 2024 Q3 2024: $543.3M Q3 2024 Q4 2024: $600.9M Q4 2024 Q1 2025: $211.0M Q1 2025 Q2 2025: $417.3M Q2 2025 Q3 2025: $496.3M $496.3M Q3 2025 Q4 2025: $427.0M Q4 2025 Q1 2026: $145.9M Q1 2026 Q2 2026: $232.9M Q2 2026

Holdings 11 stocks · $496.3M
VOO Vanguard S&P 500 ETF 58.61% 475,000 $290.9M Add +72.7%
MSFT Microsoft Corp. 12.52% 120,000 $62.2M Reduce -38.5%
AAPL Apple Inc. 7.85% 153,000 $39.0M Reduce -3.2%
V Visa Inc. Class A 5.50% 80,000 $27.3M No change
KKR KKR & Co. Inc. 4.84% 185,000 $24.0M No change
QQQ Invesco QQQ Trust Series 1 3.63% 30,000 $18.0M New
TOGA Tremblant Global ETF filed as MANAGED PORTFOLIO SERIES 3.58% 500,000 $17.8M Add +53.9%
MA Mastercard Inc. Class A 1.15% 10,000 $5.7M No change
SPGI S&P Global Inc. 0.98% 10,000 $4.9M New
MCO Moody's Corp. 0.96% 10,000 $4.8M No change
CPNG Coupang Inc. 0.38% 57,866 $1.9M New

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -38.5% 12.52% −10.72
META Meta Platforms Inc. Class A Sold out 0.00% −7.08
AMZN Amazon.com Inc. Sold out 0.00% −5.26
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −1.26
AAPL Apple Inc. Reduce -3.2% 7.85% +0.08

Portfolio Buys Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Add +72.7% 58.61% +21.17
QQQ Invesco QQQ Trust Series 1 New 3.63% +3.63
SPGI S&P Global Inc. New 0.98% +0.98
TOGA Tremblant Global ETF Add +53.9% 3.58% +0.88
CPNG Coupang Inc. New 0.38% +0.38

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$232.9MVOO, SMH, KKR, SPACE EXPLORATION TECHN CORP, TOGA
Q1 2026 5$145.9MMSFT, AAPL, KKR, V, TOGA
Q4 2025 11$427.0MVOO, MSFT, AAPL, V, KKR
Q3 2025Amended 11$496.3MVOO, MSFT, AAPL, V, KKR
Q2 2025 11$417.3MVOO, MSFT, AAPL, META, V
Q1 2025 6$211.0MAAPL, MSFT, V, VOO, KKR
Q4 2024 8$600.9MVOO, AAPL, MSFT, AMZN, V
Q3 2024 5$543.3MVOO, MSFT, AAPL, V, KKR
Q2 2024 6$536.3MVOO, QQQ, MSFT, AAPL, V
Q1 2024 10$462.9MVOO, MSFT, AAPL, V, AMZN