Trust Asset Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Trust Asset Management LLC reported 226 stock positions worth $1.3 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 55.7% of the portfolio, followed by SS Industrial Select Sector (XLI, 3.6%) and Apple (AAPL, 3.3%). Compared with Q3 2024, it opened 4 new positions and sold out of 9. The biggest buy was a new position in Live Nation Entertainment (LYV) and the biggest sale an exit from Moderna (MRNA).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001608376
Portfolio Value
$1.3B (Q4 2024)
SEC Filing
0001172661-25-000238 ↗ filed Jan 16, 2025

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 Q3 2024 Q4 2024: $1.3B $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 226 stocks · $1.3B
SPY SS SPDR S&P 500 ETF Trust-US 55.65% 1,214,760 $711.9M No change
XLI SS Industrial Select Sector 3.64% 352,951 $46.5M No change
AAPL Apple Inc. 3.27% 166,876 $41.8M No change
NVDA Nvidia Corp. 2.98% 283,870 $38.1M No change
MSFT Microsoft Corp. 2.83% 85,929 $36.2M No change
XLP SS Consumer Staples Sel Sect 2.44% 397,575 $31.3M No change
GOOG Alphabet Inc. Class C 1.84% 123,940 $23.6M No change
AMZN Amazon.com Inc. 1.79% 104,334 $22.9M No change
XLE SS Energy Select Sector 1.42% 212,622 $18.2M No change
META Meta Platforms Inc. Class A 1.17% 25,586 $15.0M No change
TSLA Tesla Inc. 1.01% 31,881 $12.9M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 1.00% 169,157 $12.8M No change
XLRE SS Real Estate Select Sector 0.94% 294,111 $12.0M No change
AVGO Broadcom Inc. 0.88% 48,390 $11.2M No change
XLB SS Materials Select Sector 0.85% 129,340 $10.9M No change
BRK.B Berkshire Hathaway Inc. Class B 0.74% 20,872 $9.5M No change
JPM JPMorgan Chase & Co. 0.62% 33,330 $8.0M No change
LLY Eli Lilly & Co. 0.55% 9,069 $7.0M No change
V Visa Inc. Class A 0.45% 18,376 $5.8M No change
UNH Unitedhealth Group Inc. 0.42% 10,545 $5.3M No change
MA Mastercard Inc. Class A 0.40% 9,761 $5.1M No change
NFLX Netflix Inc. 0.36% 5,108 $4.6M No change
HD Home Depot Inc. 0.35% 11,660 $4.5M No change
JNJ Johnson & Johnson 0.32% 28,012 $4.1M No change
CRM Salesforce Inc. 0.29% 11,221 $3.8M No change
ABBV Abbvie Inc. 0.28% 20,356 $3.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 79,939 $3.5M No change
WFC Wells Fargo & Co. 0.24% 43,152 $3.0M No change
ORCL Oracle Corp. 0.23% 17,898 $3.0M No change
MRK Merck & Co. Inc. 0.23% 29,128 $2.9M No change
CSCO Cisco Systems Inc. 0.22% 47,389 $2.8M No change
ACN Accenture PLC Class A 0.20% 7,224 $2.5M No change
NOW ServiceNow Inc. 0.20% 2,377 $2.5M No change
MCD McDonald's Corp. 0.19% 8,418 $2.4M No change
ADBE Adobe Inc. 0.18% 5,314 $2.4M No change
TMO Thermo Fisher Scientific Inc. 0.18% 4,525 $2.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.18% 21,108 $2.4M No change
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
AMD Advanced Micro Devices 0.18% 18,754 $2.3M No change
GS Goldman Sachs Group Inc. 0.18% 3,931 $2.3M No change
ISRG Intuitive Surgical Inc. 0.17% 4,051 $2.1M No change
AXP American Express Co. 0.16% 6,907 $2.0M No change
BKNG Booking Holdings Inc. 0.16% 412 $2.0M No change
INTU Intuit Inc. 0.16% 3,178 $2.0M No change
QCOM Qualcomm Inc. 0.16% 12,931 $2.0M No change
TXN Texas Instruments Inc. 0.15% 10,436 $2.0M No change
PLTR Palantir Technologies Inc. Class A 0.15% 25,806 $2.0M No change
VZ Verizon Communications Inc. 0.15% 48,301 $1.9M No change
MS Morgan Stanley 0.15% 15,287 $1.9M No change
C Citigroup Inc. 0.15% 27,234 $1.9M No change
SPGI S&P Global Inc. 0.15% 3,825 $1.9M No change
T AT&T Inc. 0.15% 82,154 $1.9M No change
CMCSA Comcast Corp. Class A 0.14% 48,389 $1.8M No change
DHR Danaher Corp. 0.14% 7,577 $1.7M No change
LOW Lowe's Cos Inc. 0.13% 6,978 $1.7M No change
PFE Pfizer Inc. 0.13% 64,693 $1.7M No change
BLK BlackRock Inc. 0.13% 1,648 $1.7M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.13% 13,455 $1.6M No change
PGR Progressive Corp. 0.13% 6,672 $1.6M No change
AMGN Amgen Inc. 0.12% 6,114 $1.6M No change
AMAT Applied Materials Inc. 0.12% 9,762 $1.6M No change
FISV Fiserv Inc. 0.12% 7,339 $1.5M No change
BSX Boston Scientific Corp. 0.12% 16,538 $1.5M No change
BX Blackstone Inc. 0.11% 8,305 $1.4M No change
SYK Stryker Corp. 0.11% 3,896 $1.4M No change
BMY Bristol-Myers Squibb Co. 0.11% 24,521 $1.4M No change
SCHW Schwab (charles) Corp. 0.11% 18,455 $1.4M No change
TMUS T-Mobile US Inc. 0.11% 6,091 $1.3M No change
CB Chubb Ltd. 0.10% 4,830 $1.3M No change
GILD Gilead Sciences Inc. 0.10% 14,275 $1.3M No change
PANW Palo Alto Networks Inc. 0.10% 7,074 $1.3M No change
ANET Arista Networks Inc. 0.10% 11,364 $1.3M No change
MDT Medtronic PLC 0.10% 15,600 $1.2M No change
ADI Analog Devices Inc. 0.10% 5,863 $1.2M No change
SBUX Starbucks Corp. 0.10% 13,353 $1.2M No change
MRSH Marsh & McLennan Cos 0.09% 5,677 $1.2M No change
DELL Dell Technologies -C 0.09% 10,277 $1.2M No change
VRTX Vertex Pharmaceuticals Inc. 0.09% 2,940 $1.2M No change
KKR KKR & Co. Inc. 0.09% 7,716 $1.1M No change
PYPL PayPal Holdings Inc. 0.09% 13,321 $1.1M No change
LRCX Lam Research Corp. 0.09% 15,580 $1.1M No change
NKE Nike Inc. Class B 0.09% 14,468 $1.1M No change
MU Micron Technology Inc. 0.08% 12,546 $1.1M No change
KLAC KLA Corp. 0.08% 1,615 $1.0M No change
ELV Elevance Health Inc. 0.08% 2,711 $1.0M No change
CI The Cigna Group 0.08% 3,525 $973K No change
ICE Intercontinental Exchange Inc. 0.08% 6,468 $964K No change
CMG Chipotle Mexican Grill Inc. 0.08% 15,950 $962K No change
APH Amphenol Corp. Class A 0.08% 13,830 $960K No change
CME Cme Group Inc. 0.07% 4,121 $957K No change
CDNS Cadence Design SYS Inc. 0.07% 3,151 $947K No change
INTC Intel Corp. 0.07% 47,114 $945K No change
PNC PNC Financial Services Group 0.07% 4,715 $909K No change
MCK McKesson Corp. 0.07% 1,588 $905K No change
MSI Motorola Solutions Inc. 0.07% 1,940 $897K No change
GM General Motors Co. 0.07% 16,595 $884K No change
CRWD CrowdStrike Holdings Inc. Class A 0.07% 2,582 $883K No change
REGN Regeneron Pharmaceuticals 0.07% 1,237 $881K No change
MAR Marriott International Class A 0.07% 3,153 $879K No change

Show all 226 holdings

Portfolio Sells Q3 2024 → Q4 2024
MRNA Moderna Inc. Sold out 0.00% −0.02
STX Seagate Technology Holdings Sold out 0.00% −0.02
BBY Best Buy Co. Inc. Sold out 0.00% −0.02
GPC Genuine Parts Co. Sold out 0.00% −0.02
SMCI Super Micro Computer Inc. Sold out 0.00% −0.02
MOH Molina Healthcare Inc. Sold out 0.00% −0.02
APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −0.02
BAX Baxter International Inc. Sold out 0.00% −0.02
ALGN Align Technology Inc. Sold out 0.00% −0.02

Portfolio Buys Q3 2024 → Q4 2024
LYV Live Nation Entertainment Inc. New 0.02% +0.02
JBL Jabil Inc. New 0.02% +0.02
PODD Insulet Corp. New 0.02% +0.02
TRMB Trimble 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