Trust Asset Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Trust Asset Management LLC reported 231 stock positions worth $1.3 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 55.6% of the portfolio, followed by SS Industrial Select Sector (XLI, 3.8%) and Apple (AAPL, 3.1%). Compared with Q2 2024, it opened 13 new positions, sold out of 1, added to 1 and reduced 17. The biggest buy was a new position in KKR (KKR) and the biggest sale Alphabet Class C (GOOG, shares −1%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001608376
Portfolio Value
$1.3B (Q3 2024)
SEC Filing
0001172661-24-004610 ↗ filed Nov 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B $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 231 stocks · $1.3B
SPY SS SPDR S&P 500 ETF Trust-US 55.58% 1,214,760 $697.0M Reduce -0.2%
XLI SS Industrial Select Sector 3.81% 352,951 $47.8M Reduce -0.8%
AAPL Apple Inc. 3.10% 166,876 $38.9M Reduce -1.6%
MSFT Microsoft Corp. 2.95% 85,929 $37.0M No change
NVDA Nvidia Corp. 2.75% 283,870 $34.5M No change
XLP SS Consumer Staples Sel Sect 2.63% 397,575 $33.0M No change
GOOG Alphabet Inc. Class C 1.65% 123,940 $20.7M Reduce -1.1%
AMZN Amazon.com Inc. 1.55% 104,334 $19.4M No change
XLE SS Energy Select Sector 1.49% 212,622 $18.7M Reduce -0.1%
META Meta Platforms Inc. Class A 1.17% 25,586 $14.6M Reduce -0.3%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.09% 169,157 $13.7M No change
XLRE SS Real Estate Select Sector 1.05% 294,111 $13.1M No change
XLB SS Materials Select Sector 0.99% 129,340 $12.5M No change
BRK.B Berkshire Hathaway Inc. Class B 0.77% 20,872 $9.6M No change
AVGO Broadcom Inc. 0.67% 48,390 $8.3M No change
TSLA Tesla Inc. 0.67% 31,881 $8.3M No change
LLY Eli Lilly & Co. 0.64% 9,069 $8.0M No change
JPM JPMorgan Chase & Co. 0.56% 33,330 $7.0M Reduce -2.3%
UNH Unitedhealth Group Inc. 0.49% 10,545 $6.2M No change
V Visa Inc. Class A 0.40% 18,376 $5.1M Reduce -2.0%
MA Mastercard Inc. Class A 0.38% 9,761 $4.8M No change
HD Home Depot Inc. 0.38% 11,660 $4.7M No change
JNJ Johnson & Johnson 0.36% 28,012 $4.5M No change
ABBV Abbvie Inc. 0.32% 20,356 $4.0M No change
NFLX Netflix Inc. 0.29% 5,108 $3.6M Reduce -0.3%
MRK Merck & Co. Inc. 0.26% 29,128 $3.3M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.25% 79,939 $3.2M Reduce -3.1%
AMD Advanced Micro Devices 0.25% 18,754 $3.1M No change
CRM Salesforce Inc. 0.24% 11,221 $3.1M No change
ORCL Oracle Corp. 0.24% 17,898 $3.0M No change
TMO Thermo Fisher Scientific Inc. 0.22% 4,525 $2.8M No change
ADBE Adobe Inc. 0.22% 5,314 $2.8M No change
MCD McDonald's Corp. 0.20% 8,418 $2.6M No change
ACN Accenture PLC Class A 0.20% 7,224 $2.6M No change
CSCO Cisco Systems Inc. 0.20% 47,389 $2.5M No change
WFC Wells Fargo & Co. 0.19% 43,152 $2.4M Reduce -8.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 10,452 $2.3M No change
ABT Abbott Laboratories 0.18% 20,138 $2.3M No change
QCOM Qualcomm Inc. 0.18% 12,931 $2.2M No change
VZ Verizon Communications Inc. 0.17% 48,301 $2.2M No change
TXN Texas Instruments Inc. 0.17% 10,436 $2.2M No change
NOW ServiceNow Inc. 0.17% 2,377 $2.1M No change
DHR Danaher Corp. 0.17% 7,577 $2.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 21,108 $2.0M No change
CMCSA Comcast Corp. Class A 0.16% 48,389 $2.0M No change
ISRG Intuitive Surgical Inc. 0.16% 4,051 $2.0M No change
SPGI S&P Global Inc. 0.16% 3,825 $2.0M No change
INTU Intuit Inc. 0.16% 3,178 $2.0M No change
AMAT Applied Materials Inc. 0.16% 9,762 $2.0M No change
AMGN Amgen Inc. 0.16% 6,114 $2.0M No change
GS Goldman Sachs Group Inc. 0.16% 3,931 $1.9M No change
LOW Lowe's Cos Inc. 0.15% 6,978 $1.9M No change
AXP American Express Co. 0.15% 6,907 $1.9M Reduce -0.5%
PFE Pfizer Inc. 0.15% 64,693 $1.9M No change
T AT&T Inc. 0.14% 82,154 $1.8M No change
BKNG Booking Holdings Inc. 0.14% 412 $1.7M Reduce -2.1%
C Citigroup Inc. 0.14% 27,234 $1.7M No change
PGR Progressive Corp. 0.14% 6,672 $1.7M No change
MS Morgan Stanley 0.13% 15,287 $1.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.13% 13,455 $1.6M No change
BLK BlackRock Finance Inc. 0.12% 1,648 $1.6M No change
ELV Elevance Health Inc. 0.11% 2,711 $1.4M No change
SYK Stryker Corp. 0.11% 3,896 $1.4M No change
MDT Medtronic PLC 0.11% 15,600 $1.4M No change
CB Chubb Ltd. 0.11% 4,830 $1.4M No change
BSX Boston Scientific Corp. 0.11% 16,538 $1.4M No change
VRTX Vertex Pharmaceuticals Inc. 0.11% 2,940 $1.4M No change
ADI Analog Devices Inc. 0.11% 5,863 $1.3M No change
FISV Fiserv Inc. 0.11% 7,339 $1.3M Reduce -0.8%
SBUX Starbucks Corp. 0.10% 13,353 $1.3M No change
MU Micron Technology Inc. 0.10% 12,546 $1.3M No change
REGN Regeneron Pharmaceuticals 0.10% 1,237 $1.3M No change
NKE Nike Inc. Class B 0.10% 14,468 $1.3M No change
BX Blackstone Inc. 0.10% 8,305 $1.3M No change
LRCX Lam Research Corp. 0.10% 1,558 $1.3M No change
BMY Bristol-Myers Squibb Co. 0.10% 24,521 $1.3M No change
MRSH Marsh & McLennan Cos 0.10% 5,677 $1.3M No change
TMUS T-Mobile US Inc. 0.10% 6,091 $1.3M No change
KLAC KLA Corp. 0.10% 1,615 $1.3M No change
CI The Cigna Group 0.10% 3,525 $1.2M Reduce -0.8%
DELL Dell Technologies -C 0.10% 10,277 $1.2M Add +389.4%
PANW Palo Alto Networks Inc. 0.10% 3,537 $1.2M No change
GILD Gilead Sciences Inc. 0.10% 14,275 $1.2M No change
SCHW Schwab (charles) Corp. 0.10% 18,455 $1.2M No change
INTC Intel Corp. 0.09% 47,114 $1.1M No change
ANET Arista Networks Inc. 0.09% 2,841 $1.1M No change
PYPL PayPal Holdings Inc. 0.08% 13,321 $1.0M No change
ICE Intercontinental Exchange Inc. 0.08% 6,468 $1.0M No change
KKR KKR & Co. Inc. 0.08% 7,716 $1.0M New
HCA HCA Healthcare Inc. 0.08% 2,459 $999K No change
PLTR Palantir Technologies Inc. Class A 0.08% 25,806 $960K New
CVS CVS Health Corp. 0.08% 15,079 $948K No change
ZTS Zoetis Inc. 0.07% 4,777 $933K Reduce -12.6%
CMG Chipotle Mexican Grill Inc. 0.07% 15,950 $919K No change
CME Cme Group Inc. 0.07% 4,121 $909K No change
APH Amphenol Corp. Class A 0.07% 13,830 $901K No change
SNPS Synopsys Inc. 0.07% 1,744 $883K No change
MSI Motorola Solutions Inc. 0.07% 1,940 $872K No change
PNC PNC Financial Services Group 0.07% 4,715 $872K No change
MCO Moody's Corp. 0.07% 1,820 $864K No change

Show all 231 holdings

Portfolio Sells Q2 2024 → Q3 2024
GOOG Alphabet Inc. Class C Reduce -1.1% 1.65% −0.28
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.2% 55.58% −0.23
XLE SS Energy Select Sector Reduce -0.1% 1.49% −0.14
WFC Wells Fargo & Co. Reduce -8.3% 0.19% −0.04
BAC Bank of America Corp. Reduce -3.1% 0.25% −0.02
JPM JPMorgan Chase & Co. Reduce -2.3% 0.56% −0.02
DPZ Domino's Pizza Inc. Sold out 0.00% −0.02
V Visa Inc. Class A Reduce -2.0% 0.40% −0.01
GM General Motors Co. Reduce -3.5% 0.06% −0.01
ZTS Zoetis Inc. Reduce -12.6% 0.07% −0.01
NFLX Netflix Inc. Reduce -0.3% 0.29% −0.00
BKNG Booking Holdings Inc. Reduce -2.1% 0.14% −0.00
CI The Cigna Group Reduce -0.8% 0.10% −0.00
FISV Fiserv Inc. Reduce -0.8% 0.11% +0.01
AXP American Express Co. Reduce -0.5% 0.15% +0.01
META Meta Platforms Inc. Class A Reduce -0.3% 1.17% +0.08
AAPL Apple Inc. Reduce -1.6% 3.10% +0.09
XLI SS Industrial Select Sector Reduce -0.8% 3.81% +0.16

Portfolio Buys Q2 2024 → Q3 2024
KKR KKR & Co. Inc. New 0.08% +0.08
PLTR Palantir Technologies Inc. Class A New 0.08% +0.08
DELL Dell Technologies -C Add +389.4% 0.10% +0.07
CRWD CrowdStrike Holdings Inc. Class A New 0.06% +0.06
ERIE Erie Indemnity Company Class A New 0.03% +0.03
GDDY GoDaddy Inc. Class A New 0.02% +0.02
BBY Best Buy Co. Inc. New 0.02% +0.02
MOH Molina Healthcare Inc. New 0.02% +0.02
BAX Baxter International Inc. New 0.02% +0.02
ZBRA Zebra Technologies Corp. Class A New 0.02% +0.02
FOXA Fox Corp. Class A New 0.02% +0.02
FDS Factset Research Systems Inc. New 0.02% +0.02
WRB WR Berkley Corp. New 0.02% +0.02
VRSN Verisign 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