TRB Advisors LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), TRB Advisors LP reported 11 stock positions worth $427.0 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 47.7% of the portfolio, followed by Microsoft (MSFT, 13.6%) and Apple (AAPL, 9.7%). Compared with Q3 2025, it opened 3 new positions, sold out of 3, added to 4 and reduced 1. The biggest buy was Visa Class A (V, shares +38%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −32%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001513300
Portfolio Value
$427.0M (Q4 2025)
SEC Filing
0001193125-26-041562 ↗ filed Feb 9, 2026

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 Q3 2025 Q4 2025: $427.0M $427.0M Q4 2025 Q1 2026: $145.9M Q1 2026 Q2 2026: $232.9M Q2 2026

Holdings 11 stocks · $427.0M
VOO Vanguard S&P 500 ETF 47.74% 325,000 $203.8M Reduce -31.6%
MSFT Microsoft Corp. 13.59% 120,000 $58.0M No change
AAPL Apple Inc. 9.74% 153,000 $41.6M No change
V Visa Inc. Class A 9.04% 110,000 $38.6M Add +37.5%
KKR KKR & Co. Inc. 5.56% 186,166 $23.7M Add +0.6%
TOGA Tremblant Global ETF filed as MANAGED PORTFOLIO SERIES 4.01% 500,000 $17.1M No change
SPGI S&P Global Inc. 3.67% 30,000 $15.7M Add +200.0%
MCO Moody's Corp. 3.59% 30,000 $15.3M Add +200.0%
GOOGL Alphabet Inc. Class A 2.20% 30,000 $9.4M New
CVNA Carvana Co. 0.54% 5,465 $2.3M New
COUPANG INC 0.32% 57,866 $1.4M New

Portfolio Sells Q3 2025 → Q4 2025
VOO Vanguard S&P 500 ETF Reduce -31.6% 47.74% −10.87
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −3.63
MA Mastercard Inc. Class A Sold out 0.00% −1.15
CPNG Coupang Inc. Sold out 0.00% −0.38

Portfolio Buys Q3 2025 → Q4 2025
V Visa Inc. Class A Add +37.5% 9.04% +3.53
SPGI S&P Global Inc. Add +200.0% 3.67% +2.69
MCO Moody's Corp. Add +200.0% 3.59% +2.63
GOOGL Alphabet Inc. Class A New 2.20% +2.20
KKR KKR & Co. Inc. Add +0.6% 5.56% +0.71
CVNA Carvana Co. New 0.54% +0.54
COUPANG INC New 0.32% +0.32

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