Trust Asset Management LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Trust Asset Management LLC reported 223 stock positions worth $1.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 55.8% of the portfolio, followed by SS Industrial Select Sector (XLI, 3.9%) and Microsoft (MSFT, 3.2%). Compared with Q4 2023, it opened 14 new positions, sold out of 5, added to 1 and reduced 17. The biggest buy was SS Industrial Select Sector (XLI, shares +4%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001608376
Portfolio Value
$1.1B (Q1 2024)
SEC Filing
0001172661-24-002427 ↗ filed May 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B $1.1B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.5B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 223 stocks · $1.1B
SPY SS SPDR S&P 500 ETF Trust-US 55.78% 1,217,637 $636.9M Reduce -0.3%
XLI SS Industrial Select Sector 3.93% 355,946 $44.8M Add +4.1%
MSFT Microsoft Corp. 3.17% 85,929 $36.2M No change
XLP SS Consumer Staples Sel Sect 2.66% 397,575 $30.4M No change
AAPL Apple Inc. 2.55% 169,512 $29.1M Reduce -0.1%
NVDA Nvidia Corp. 2.25% 28,387 $25.6M Reduce -0.1%
XLE SS Energy Select Sector 1.76% 212,786 $20.1M Reduce -3.2%
GOOG Alphabet Inc. Class C 1.67% 125,314 $19.1M Reduce -0.3%
AMZN Amazon.com Inc. 1.65% 104,334 $18.8M No change
META Meta Platforms Inc. Class A 1.09% 25,665 $12.5M No change
XLB SS Materials Select Sector 1.05% 129,340 $12.0M No change
XLRE SS Real Estate Select Sector 1.02% 294,111 $11.6M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.97% 169,157 $11.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.77% 20,872 $8.8M No change
LLY Eli Lilly & Co. 0.62% 9,069 $7.1M No change
JPM JPMorgan Chase & Co. 0.60% 34,101 $6.8M Reduce -0.3%
AVGO Broadcom Inc. 0.56% 4,839 $6.4M No change
TSLA Tesla Inc. 0.49% 31,881 $5.6M No change
V Visa Inc. Class A 0.46% 18,752 $5.2M Reduce -0.2%
UNH Unitedhealth Group Inc. 0.46% 10,545 $5.2M No change
MA Mastercard Inc. Class A 0.41% 9,761 $4.7M Reduce -0.2%
HD Home Depot Inc. 0.39% 11,660 $4.5M Reduce -0.2%
JNJ Johnson & Johnson 0.39% 28,012 $4.4M No change
MRK Merck & Co. Inc. 0.34% 29,128 $3.8M No change
ABBV Abbvie Inc. 0.32% 20,356 $3.7M No change
AMD Advanced Micro Devices 0.30% 18,754 $3.4M No change
CRM Salesforce Inc. 0.30% 11,221 $3.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 82,476 $3.1M Reduce -0.4%
NFLX Netflix Inc. 0.27% 5,124 $3.1M No change
WFC Wells Fargo & Co. 0.24% 47,042 $2.7M Reduce -0.6%
ADBE Adobe Inc. 0.23% 5,314 $2.7M No change
TMO Thermo Fisher Scientific Inc. 0.23% 4,525 $2.6M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.23% 21,108 $2.6M No change
ACN Accenture PLC Class A 0.22% 7,224 $2.5M No change
MCD McDonald's Corp. 0.21% 8,418 $2.4M No change
CSCO Cisco Systems Inc. 0.21% 47,389 $2.4M No change
ABT Abbott Laboratories 0.20% 20,138 $2.3M No change
ORCL Oracle Corp. 0.20% 17,898 $2.2M No change
QCOM Qualcomm Inc. 0.19% 12,931 $2.2M No change
CMCSA Comcast Corp. Class A 0.18% 48,389 $2.1M Reduce -0.6%
INTC Intel Corp. 0.18% 47,114 $2.1M No change
INTU Intuit Inc. 0.18% 3,178 $2.1M No change
VZ Verizon Communications Inc. 0.18% 48,301 $2.0M No change
AMAT Applied Materials Inc. 0.18% 9,762 $2.0M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 10,452 $2.0M No change
DHR Danaher Corp. 0.17% 7,577 $1.9M No change
TXN Texas Instruments Inc. 0.16% 10,436 $1.8M No change
NOW ServiceNow Inc. 0.16% 2,377 $1.8M No change
PFE Pfizer Inc. 0.16% 64,693 $1.8M No change
LOW Lowe's Cos Inc. 0.16% 6,978 $1.8M Reduce -0.5%
AMGN Amgen Inc. 0.15% 6,114 $1.7M No change
C Citigroup Inc. 0.15% 27,234 $1.7M No change
GS Goldman Sachs Group Inc. 0.14% 3,931 $1.6M No change
SPGI S&P Global Inc. 0.14% 3,825 $1.6M No change
ISRG Intuitive Surgical Inc. 0.14% 4,051 $1.6M No change
AXP American Express Co. 0.14% 6,944 $1.6M No change
BKNG Booking Holdings Inc. 0.13% 421 $1.5M No change
LRCX Lam Research Corp. 0.13% 1,558 $1.5M No change
MU Micron Technology Inc. 0.13% 12,546 $1.5M No change
T AT&T Inc. 0.13% 82,154 $1.4M No change
MS Morgan Stanley 0.13% 15,287 $1.4M Reduce -0.6%
ELV Elevance Health Inc. 0.12% 2,711 $1.4M No change
SYK Stryker Corp. 0.12% 3,896 $1.4M No change
PGR Progressive Corp. 0.12% 6,672 $1.4M No change
BLK BlackRock Finance Inc. 0.12% 1,648 $1.4M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 13,455 $1.4M No change
NKE Nike Inc. Class B 0.12% 14,468 $1.4M No change
MDT Medtronic PLC 0.12% 15,600 $1.4M No change
SCHW Schwab (charles) Corp. 0.12% 18,455 $1.3M Reduce -0.8%
BMY Bristol-Myers Squibb Co. 0.12% 24,521 $1.3M No change
CI The Cigna Group 0.11% 3,552 $1.3M No change
CB Chubb Ltd. 0.11% 4,830 $1.3M No change
VRTX Vertex Pharmaceuticals Inc. 0.11% 2,940 $1.2M No change
SBUX Starbucks Corp. 0.11% 13,353 $1.2M No change
CVS CVS Health Corp. 0.11% 15,079 $1.2M No change
REGN Regeneron Pharmaceuticals 0.10% 1,237 $1.2M No change
FISV Fiserv Inc. 0.10% 7,400 $1.2M No change
MRSH Marsh & McLennan Cos 0.10% 5,677 $1.2M No change
ADI Analog Devices Inc. 0.10% 5,863 $1.2M No change
BSX Boston Scientific Corp. 0.10% 16,538 $1.1M No change
KLAC KLA Corp. 0.10% 1,615 $1.1M No change
BX Blackstone Inc. 0.10% 8,305 $1.1M No change
GILD Gilead Sciences Inc. 0.09% 14,275 $1.0M No change
PANW Palo Alto Networks Inc. 0.09% 3,537 $1.0M No change
SNPS Synopsys Inc. 0.09% 1,744 $997K No change
TMUS T-Mobile US Inc. 0.09% 6,091 $994K No change
CDNS Cadence Design SYS Inc. 0.09% 3,151 $981K No change
CMG Chipotle Mexican Grill Inc. 0.08% 319 $927K No change
ZTS Zoetis Inc. 0.08% 5,463 $924K No change
PYPL PayPal Holdings Inc. 0.08% 13,321 $892K No change
ICE Intercontinental Exchange Inc. 0.08% 6,468 $889K No change
CME Cme Group Inc. 0.08% 4,121 $887K No change
MCK McKesson Corp. 0.07% 1,588 $853K No change
ABNB Airbnb Inc. Class A 0.07% 5,140 $848K No change
ANET Arista Networks Inc. 0.07% 2,841 $824K No change
HCA HCA Healthcare Inc. 0.07% 2,459 $820K No change
BDX Becton Dickinson and Co. 0.07% 3,278 $811K No change
ORLY O'reilly Automotive Inc. 0.07% 718 $811K No change
APH Amphenol Corp. Class A 0.07% 6,915 $798K No change
MAR Marriott International Class A 0.07% 3,153 $796K Reduce -1.0%

Show all 223 holdings

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -0.1% 2.55% −0.61
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.3% 55.78% −0.30
GOOG Alphabet Inc. Class C Reduce -0.3% 1.67% −0.04
CMCSA Comcast Corp. Class A Reduce -0.6% 0.18% −0.02
VRSN Verisign Inc. Sold out 0.00% −0.02
ENPH Enphase Energy Inc. Sold out 0.00% −0.02
AKAM Akamai Technologies Inc. Sold out 0.00% −0.02
XLE SS Energy Select Sector Reduce -3.2% 1.76% −0.02
FDS Factset Research Systems Inc. Sold out 0.00% −0.02
FSLR First Solar Inc. Sold out 0.00% −0.02
V Visa Inc. Class A Reduce -0.2% 0.46% −0.01
MS Morgan Stanley Reduce -0.6% 0.13% −0.01
SCHW Schwab (charles) Corp. Reduce -0.8% 0.12% −0.01
MAR Marriott International Class A Reduce -1.0% 0.07% +0.00
HD Home Depot Inc. Reduce -0.2% 0.39% +0.00
BAC Bank of America Corp. Reduce -0.4% 0.27% +0.00
LOW Lowe's Cos Inc. Reduce -0.5% 0.16% +0.00
GM General Motors Co. Reduce -1.8% 0.07% +0.01
MA Mastercard Inc. Class A Reduce -0.2% 0.41% +0.01
WFC Wells Fargo & Co. Reduce -0.6% 0.24% +0.01
JPM JPMorgan Chase & Co. Reduce -0.3% 0.60% +0.04
NVDA Nvidia Corp. Reduce -0.1% 2.25% +0.89

Portfolio Buys Q4 2023 → Q1 2024
XLI SS Industrial Select Sector Add +4.1% 3.93% +0.16
SMCI Super Micro Computer Inc. New 0.05% +0.05
LULU Lululemon Athletica Inc. New 0.05% +0.05
DECK Deckers Outdoor Corp. New 0.02% +0.02
WDC Western Digital Corp. New 0.02% +0.02
DELL Dell Technologies -C New 0.02% +0.02
BRO Brown & Brown Inc. New 0.02% +0.02
HWM Howmet Aerospace Inc. New 0.02% +0.02
CINF Cincinnati Financial Corp. New 0.02% +0.02
SYF Synchrony Financial New 0.02% +0.02
CFG Citizens Financial Group New 0.02% +0.02
WRB WR Berkley Corp. New 0.02% +0.02
STX Seagate Technology Holdings New 0.02% +0.02
DPZ Domino's Pizza Inc. New 0.02% +0.02
TER Teradyne Inc. New 0.02% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 229$1.6BSPY, XLI, NVDA, AAPL, GOOG
Q1 2026 225$1.4BSPY, XLI, NVDA, AAPL, GOOG
Q4 2025 226$1.5BSPY, XLI, NVDA, AAPL, MSFT
Q3 2025 230$1.5BSPY, XLI, NVDA, MSFT, AAPL
Q2 2025 224$1.3BSPY, XLI, NVDA, MSFT, AAPL
Q1 2025 219$1.2BSPY, XLI, AAPL, XLP, MSFT
Q4 2024 226$1.3BSPY, XLI, AAPL, NVDA, MSFT
Q3 2024 231$1.3BSPY, XLI, AAPL, MSFT, NVDA
Q2 2024 219$1.2BSPY, XLI, MSFT, AAPL, NVDA
Q1 2024 223$1.1BSPY, XLI, MSFT, XLP, AAPL