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%
AON Aon PLC Class A 0.07% 2,350 $784K No change
GM General Motors Co. 0.07% 17,202 $780K Reduce -1.8%
F Ford Motor Co. filed as FORD MTR CO DEL 0.07% 58,324 $775K No change
PNC PNC Financial Services Group 0.07% 4,715 $762K No change
NXPI NXP Semiconductors NV 0.06% 2,981 $739K No change
AIG American International Group 0.06% 9,349 $731K No change
USB US Bancorp 0.06% 16,320 $730K No change
MCO Moody's Corp. 0.06% 1,820 $715K No change
ROP Roper Technologies Inc. 0.06% 1,232 $691K No change
MSI Motorola Solutions Inc. 0.06% 1,940 $689K No change
EW Edwards Lifesciences Corp. 0.06% 7,197 $688K No change
AZO AutoZone Inc. 0.06% 217 $684K No change
HLT Hilton Worldwide Holdings Inc. 0.06% 3,138 $669K No change
COF Capital One Financial Corp. 0.06% 4,466 $665K No change
ADSK Autodesk Inc. 0.06% 2,505 $652K No change
DXCM Dexcom Inc. 0.05% 4,479 $621K No change
TRV The Travelers Cos Inc. 0.05% 2,684 $618K No change
TFC Truist Financial Corp. 0.05% 15,787 $615K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.05% 2,404 $601K No change
DHI D.R. Horton Inc. 0.05% 3,646 $600K No change
ROST Ross Stores Inc. 0.05% 4,003 $587K No change
MET Metlife Inc. 0.05% 7,775 $576K No change
MCHP Microchip Technology Inc. 0.05% 6,365 $571K No change
SMCI Super Micro Computer Inc. 0.05% 560 $566K New
AFL Aflac Inc. 0.05% 6,499 $558K No change
IQV Iqvia Holdings Inc. 0.05% 2,194 $555K No change
AMP Ameriprise Financial Inc. 0.05% 1,230 $539K No change
ALL Allstate Corp. 0.05% 3,081 $533K No change
TEL Te Connectivity Ltd. 0.05% 3,660 $532K No change
IDXX Idexx Laboratories Inc. 0.05% 973 $525K No change
FIS Fidelity National Info Serv 0.05% 7,018 $521K No change
LULU Lululemon Athletica Inc. 0.05% 1,322 $516K New
MSCI MSCI Inc. 0.05% 919 $515K No change
FTNT Fortinet Inc. 0.04% 7,462 $510K No change
LEN Lennar Corp. Class A 0.04% 2,951 $508K No change
PRU Prudential Financial Inc. 0.04% 4,319 $507K No change
HUM Humana Inc. 0.04% 1,462 $507K No change
A Agilent Technologies Inc. 0.04% 3,476 $506K No change
CNC Centene Corp. 0.04% 6,442 $506K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 8,581 $494K No change
COR Cencora Inc. 0.04% 1,882 $457K No change
YUM Yum! Brands Inc. 0.04% 3,231 $448K No change
IT Gartner Inc. 0.04% 923 $440K No change
CTSH Cognizant Tech Solutions-A 0.04% 5,913 $433K No change
GPN Global Payments Inc. 0.04% 3,073 $411K No change
DFS Discover Financial Services 0.04% 3,128 $410K No change
MRNA Moderna Inc. 0.04% 3,828 $408K No change
CDW CDW Corp. 0.04% 1,570 $402K No change
EA Electronic Arts Inc. 0.03% 2,991 $397K No change
ACGL Arch Capital Group Ltd. 0.03% 4,271 $395K No change
GEHC GE Healthcare Technology 0.03% 4,311 $392K No change
HIG Hartford Insurance Group Inc. 0.03% 3,657 $377K No change
ON On Semiconductor 0.03% 5,029 $370K No change
FICO Fair Isaac Corp. 0.03% 292 $365K No change
BIIB Biogen Inc. 0.03% 1,662 $358K No change
CHTR Charter Communications Inc. Class A 0.03% 1,218 $354K No change
RCL Royal Caribbean Cruises Ltd. 0.03% 2,537 $353K No change
MPWR Monolithic Power Systems Inc. 0.03% 516 $350K No change
ANSS Ansys Inc. 0.03% 998 $346K No change
MTD Mettler-Toledo International 0.03% 259 $345K No change
RMD Resmed Inc. 0.03% 1,706 $338K No change
WST West Pharmaceutical Services 0.03% 853 $338K No change
WTW Willis Towers Watson PLC 0.03% 1,227 $337K No change
CAH Cardinal Health Inc. 0.03% 2,986 $334K No change
EBAY eBay Inc. 0.03% 6,318 $333K No change
TSCO Tractor Supply Company 0.03% 1,274 $333K No change
KEYS Keysight Technologies Inc. 0.03% 2,078 $325K No change
ZBH Zimmer Biomet Holdings Inc. 0.03% 2,417 $319K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 2,607 $318K No change
PHM Pultegroup Inc. 0.03% 2,627 $317K No change
STT State Street Corp. 0.03% 4,066 $314K No change
ULTA Ulta Beauty Inc. 0.03% 581 $304K No change
HPQ HP Inc. 0.03% 10,049 $304K No change
FITB Fifth Third Bancorp 0.03% 8,092 $301K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.03% 2,037 $296K No change
GLW Corning Inc. 0.03% 8,906 $294K No change
RJF Raymond James Financial Inc. 0.03% 2,261 $290K No change
NVR NVR Inc. 0.02% 35 $283K No change
DECK Deckers Outdoor Corp. 0.02% 296 $279K New
ALGN Align Technology Inc. 0.02% 849 $278K No change
MOH Molina Healthcare Inc. 0.02% 670 $275K No change
TTWO Take-Two Interactive Softwre 0.02% 1,830 $272K No change
CPAY Corpay Inc. 0.02% 869 $268K No change
GRMN Garmin Ltd. 0.02% 1,789 $266K No change
NTAP Netapp Inc. 0.02% 2,525 $265K No change
HPE Hewlett Packard Enterprise 0.02% 14,896 $264K No change
STE Steris PLC 0.02% 1,151 $259K No change
GPC Genuine Parts Co. 0.02% 1,666 $258K No change
BAX Baxter International Inc. 0.02% 5,951 $254K No change
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.02% 3,185 $254K No change
WDC Western Digital Corp. 0.02% 3,717 $254K New
ILMN Illumina Inc. 0.02% 1,838 $252K No change
NDAQ Nasdaq Inc. 0.02% 3,915 $247K No change
EXPE Expedia Group Inc. 0.02% 1,752 $241K No change
WAT Waters Corp. 0.02% 700 $241K No change
DELL Dell Technologies -C 0.02% 2,100 $240K New
BRO Brown & Brown Inc. 0.02% 2,703 $237K New
HBAN Huntington Bancshares Inc. 0.02% 16,958 $237K No change
TDY Teledyne Technologies Inc. 0.02% 544 $234K No change
DRI Darden Restaurants Inc. 0.02% 1,397 $234K No change
RF Regions Financial Corp. 0.02% 11,063 $233K No change
COO The Cooper Cos Inc. 0.02% 2,292 $233K No change
PTC PTC Inc. 0.02% 1,228 $232K No change
PFG Principal Financial Group 0.02% 2,678 $231K No change
HWM Howmet Aerospace Inc. 0.02% 3,333 $228K New
WBD Warner Bros Discovery Inc. 0.02% 25,966 $227K No change
OMC Omnicom Group 0.02% 2,342 $227K No change
CINF Cincinnati Financial Corp. 0.02% 1,818 $226K New
LH Laboratory CRP of Amer Hldgs 0.02% 1,029 $225K No change
HOLX Hologic Inc. 0.02% 2,853 $222K No change
CBOE Cboe Global Markets Inc. 0.02% 1,210 $222K No change
SYF Synchrony Financial 0.02% 5,154 $222K New
NTRS Northern Trust Corp. 0.02% 2,422 $215K No change
CFG Citizens Financial Group 0.02% 5,889 $214K New
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.02% 2,354 $208K New
STX Seagate Technology Holdings 0.02% 2,213 $206K New
TYL Tyler Technologies Inc. 0.02% 482 $205K No change
DPZ Domino's Pizza Inc. 0.02% 409 $203K New
TER Teradyne Inc. 0.02% 1,793 $202K New
SWKS Skyworks Solutions Inc. 0.02% 1,847 $200K No change
CCL Carnival Corp. 0.02% 11,746 $192K No change
KEY Keycorp 0.02% 11,501 $182K No change
VTRS Viatris Inc. 0.01% 14,170 $169K No change

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