Trust Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Trust Asset Management LLC reported 219 stock positions worth $1.2 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, 3.8%) and Apple (AAPL, 3.2%). Compared with Q4 2024, it opened 6 new positions, sold out of 13, added to 63 and reduced 148. The biggest buy was SS Consumer Staples Sel Sect (XLP, shares +2%) and the biggest sale Nvidia (NVDA, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001608376
- Portfolio Value
- $1.2B (Q1 2025)
- SEC Filing
- 0001172661-25-001693 ↗ filed May 12, 2025
Holdings Value
Holdings 219 stocks · $1.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 55.69% | 1,214,377 | $679.3M | Reduce -0.0% |
| XLI SS Industrial Select Sector | 3.82% | 355,181 | $46.6M | Add +0.6% |
| AAPL Apple Inc. | 3.17% | 174,061 | $38.7M | Add +4.3% |
| XLP SS Consumer Staples Sel Sect | 2.72% | 405,519 | $33.1M | Add +2.0% |
| MSFT Microsoft Corp. | 2.63% | 85,614 | $32.1M | Reduce -0.4% |
| NVDA Nvidia Corp. | 2.51% | 282,495 | $30.6M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 1.68% | 107,761 | $20.5M | Add +3.3% |
| XLE SS Energy Select Sector | 1.62% | 211,348 | $19.8M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 1.56% | 121,609 | $19.0M | Reduce -1.9% |
| META Meta Platforms Inc. Class A | 1.19% | 25,105 | $14.5M | Reduce -1.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.14% | 176,270 | $13.9M | Add +4.2% |
| XLRE SS Real Estate Select Sector | 1.01% | 295,390 | $12.4M | Add +0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.92% | 21,099 | $11.2M | Add +1.1% |
| XLB SS Materials Select Sector | 0.91% | 129,052 | $11.1M | Reduce -0.2% |
| AVGO Broadcom Inc. | 0.74% | 53,767 | $9.0M | Add +11.1% |
| TSLA Tesla Inc. | 0.68% | 32,139 | $8.3M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.65% | 32,424 | $8.0M | Reduce -2.7% |
| LLY Eli Lilly & Co. | 0.61% | 9,072 | $7.5M | Add +0.0% |
| V Visa Inc. Class A | 0.57% | 19,899 | $7.0M | Add +8.3% |
| UNH Unitedhealth Group Inc. | 0.46% | 10,600 | $5.6M | Add +0.5% |
| MA Mastercard Inc. Class A | 0.42% | 9,447 | $5.2M | Reduce -3.2% |
| JNJ Johnson & Johnson | 0.38% | 27,747 | $4.6M | Reduce -0.9% |
| NFLX Netflix Inc. | 0.38% | 4,926 | $4.6M | Reduce -3.6% |
| ABBV Abbvie Inc. | 0.35% | 20,346 | $4.3M | Reduce -0.1% |
| HD Home Depot Inc. | 0.34% | 11,443 | $4.2M | Reduce -1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.26% | 76,883 | $3.2M | Reduce -3.8% |
| CRM Salesforce Inc. | 0.24% | 11,033 | $3.0M | Reduce -1.7% |
| WFC Wells Fargo & Co. | 0.24% | 40,968 | $2.9M | Reduce -5.1% |
| CSCO Cisco Systems Inc. | 0.23% | 46,013 | $2.8M | Reduce -2.9% |
| ABT Abbott Laboratories | 0.22% | 19,983 | $2.7M | Reduce -0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 10,616 | $2.6M | Add +1.6% |
| MRK Merck & Co. Inc. | 0.21% | 29,141 | $2.6M | Add +0.0% |
| ORCL Oracle Corp. | 0.21% | 18,491 | $2.6M | Add +3.3% |
| MCD McDonald's Corp. | 0.21% | 8,264 | $2.6M | Reduce -1.8% |
| T AT&T Inc. | 0.19% | 82,574 | $2.3M | Add +0.5% |
| ACN Accenture PLC Class A | 0.18% | 7,197 | $2.2M | Reduce -0.4% |
| VZ Verizon Communications Inc. | 0.18% | 48,463 | $2.2M | Add +0.3% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 4,414 | $2.2M | Reduce -2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 20,872 | $2.1M | Reduce -1.1% |
| ISRG Intuitive Surgical Inc. | 0.17% | 4,094 | $2.0M | Add +1.1% |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 23,662 | $2.0M | Reduce -8.3% |
| GS Goldman Sachs Group Inc. | 0.16% | 3,623 | $2.0M | Reduce -7.8% |
| INTU Intuit Inc. | 0.16% | 3,221 | $2.0M | Add +1.4% |
| QCOM Qualcomm Inc. | 0.16% | 12,804 | $2.0M | Reduce -1.0% |
| ADBE Adobe Inc. | 0.16% | 5,075 | $1.9M | Reduce -4.5% |
| AMGN Amgen Inc. | 0.16% | 6,178 | $1.9M | Add +1.1% |
| AMD Advanced Micro Devices | 0.16% | 18,691 | $1.9M | Reduce -0.3% |
| PGR Progressive Corp. | 0.16% | 6,735 | $1.9M | Add +0.9% |
| NOW ServiceNow Inc. | 0.15% | 2,372 | $1.9M | Reduce -0.2% |
| TXN Texas Instruments Inc. | 0.15% | 10,497 | $1.9M | Add +0.6% |
| C Citigroup Inc. | 0.15% | 26,304 | $1.9M | Reduce -3.4% |
| SPGI S&P Global Inc. | 0.15% | 3,668 | $1.9M | Reduce -4.1% |
| BKNG Booking Holdings Inc. | 0.14% | 381 | $1.8M | Reduce -7.5% |
| AXP American Express Co. | 0.14% | 6,422 | $1.7M | Reduce -7.0% |
| BSX Boston Scientific Corp. | 0.14% | 16,900 | $1.7M | Add +2.2% |
| MS Morgan Stanley | 0.14% | 14,311 | $1.7M | Reduce -6.4% |
| PFE Pfizer Inc. | 0.14% | 65,183 | $1.7M | Add +0.8% |
| CMCSA Comcast Corp. Class A | 0.13% | 44,071 | $1.6M | Reduce -8.9% |
| GILD Gilead Sciences Inc. | 0.13% | 14,343 | $1.6M | Add +0.5% |
| BLK BlackRock Inc. | 0.13% | 1,679 | $1.6M | Add +1.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.13% | 13,023 | $1.6M | Reduce -3.2% |
| LOW Lowe's Cos Inc. | 0.13% | 6,545 | $1.5M | Reduce -6.2% |
| DHR Danaher Corp. | 0.12% | 7,415 | $1.5M | Reduce -2.1% |
| TMUS T-Mobile US Inc. | 0.12% | 5,615 | $1.5M | Reduce -7.8% |
| SYK Stryker Corp. | 0.12% | 3,943 | $1.5M | Add +1.2% |
| FISV Fiserv Inc. | 0.12% | 6,571 | $1.5M | Reduce -10.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.12% | 2,962 | $1.4M | Add +0.8% |
| BMY Bristol-Myers Squibb Co. | 0.12% | 23,444 | $1.4M | Reduce -4.4% |
| MRSH Marsh & McLennan Cos | 0.11% | 5,662 | $1.4M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 0.11% | 9,514 | $1.4M | Reduce -2.5% |
| SCHW Schwab (charles) Corp. | 0.11% | 17,244 | $1.3M | Reduce -6.6% |
| MDT Medtronic PLC | 0.11% | 14,832 | $1.3M | Reduce -4.9% |
| CB Chubb Ltd. | 0.11% | 4,329 | $1.3M | Reduce -10.4% |
| SBUX Starbucks Corp. | 0.11% | 13,076 | $1.3M | Reduce -2.1% |
| PANW Palo Alto Networks Inc. | 0.10% | 7,497 | $1.3M | Add +6.0% |
| ELV Elevance Health Inc. | 0.10% | 2,690 | $1.2M | Reduce -0.8% |
| BX Blackstone Inc. | 0.10% | 8,316 | $1.2M | Add +0.1% |
| ADI Analog Devices Inc. | 0.09% | 5,728 | $1.2M | Reduce -2.3% |
| ICE Intercontinental Exchange Inc. | 0.09% | 6,589 | $1.1M | Add +1.9% |
| INTC Intel Corp. | 0.09% | 49,229 | $1.1M | Add +4.5% |
| MU Micron Technology Inc. | 0.09% | 12,734 | $1.1M | Add +1.5% |
| CME Cme Group Inc. | 0.09% | 4,145 | $1.1M | Add +0.6% |
| LRCX Lam Research Corp. | 0.09% | 14,872 | $1.1M | Reduce -4.5% |
| CI The Cigna Group | 0.09% | 3,211 | $1.1M | Reduce -8.9% |
| KLAC KLA Corp. | 0.09% | 1,547 | $1.1M | Reduce -4.2% |
| MCK McKesson Corp. | 0.08% | 1,471 | $990K | Reduce -7.4% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.08% | 2,865 | $989K | Add +19.2% |
| CVS CVS Health Corp. | 0.08% | 14,536 | $985K | Reduce -3.6% |
| AON Aon PLC Class A | 0.08% | 2,467 | $985K | Add +5.0% |
| ORLY O'reilly Automotive Inc. | 0.08% | 669 | $958K | Reduce -6.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.08% | 2,662 | $939K | Add +3.1% |
| ANET Arista Networks Inc. | 0.08% | 11,853 | $918K | Add +4.3% |
| APH Amphenol Corp. Class A | 0.07% | 13,879 | $910K | Add +0.3% |
| KKR KKR & Co. Inc. | 0.07% | 7,763 | $897K | Add +0.6% |
| NKE Nike Inc. Class B | 0.07% | 13,769 | $874K | Reduce -4.8% |
| ZTS Zoetis Inc. | 0.07% | 5,192 | $855K | Add +8.7% |
| MSI Motorola Solutions Inc. | 0.07% | 1,929 | $845K | Reduce -0.6% |
| MCO Moody's Corp. | 0.07% | 1,796 | $836K | Reduce -1.3% |
| PNC PNC Financial Services Group | 0.07% | 4,582 | $805K | Reduce -2.8% |
| CDNS Cadence Design SYS Inc. | 0.07% | 3,158 | $803K | Add +0.2% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -0.5% | 2.51% | −0.47 |
| GOOG Alphabet Inc. Class C | Reduce -1.9% | 1.56% | −0.29 |
| MSFT Microsoft Corp. | Reduce -0.4% | 2.63% | −0.20 |
| CRM Salesforce Inc. | Reduce -1.7% | 0.24% | −0.05 |
| DELL Dell Technologies -C | Reduce -45.0% | 0.04% | −0.05 |
| NOW ServiceNow Inc. | Reduce -0.2% | 0.15% | −0.04 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -13.0% | 0.06% | −0.03 |
| ADBE Adobe Inc. | Reduce -4.5% | 0.16% | −0.03 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.02 |
| AMD Advanced Micro Devices | Reduce -0.3% | 0.16% | −0.02 |
| ERIE Erie Indemnity Company Class A | Sold out | 0.00% | −0.02 |
| AXP American Express Co. | Reduce -7.0% | 0.14% | −0.02 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.02 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.02 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.02 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.02 |
| MAR Marriott International Class A | Reduce -15.3% | 0.05% | −0.02 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.02 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.02 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -7.5% | 0.14% | −0.02 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.02 |
| TRMB Trimble Inc. | Sold out | 0.00% | −0.02 |
| OMC Omnicom Group | Sold out | 0.00% | −0.02 |
| GM General Motors Co. | Reduce -16.3% | 0.05% | −0.02 |
| DIS The Walt Disney Co. | Reduce -1.1% | 0.17% | −0.01 |
| ACN Accenture PLC Class A | Reduce -0.4% | 0.18% | −0.01 |
| NKE Nike Inc. Class B | Reduce -4.8% | 0.07% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -7.8% | 0.16% | −0.01 |
| MS Morgan Stanley | Reduce -6.4% | 0.14% | −0.01 |
| BAC Bank of America Corp. | Reduce -3.8% | 0.26% | −0.01 |
| DHR Danaher Corp. | Reduce -2.1% | 0.12% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -2.5% | 0.11% | −0.01 |
| HD Home Depot Inc. | Reduce -1.9% | 0.34% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Reduce -1.5% | 0.06% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -6.2% | 0.13% | −0.01 |
| LULU Lululemon Athletica Inc. | Reduce -1.3% | 0.03% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -8.9% | 0.13% | −0.01 |
| ON On Semiconductor | Reduce -2.0% | 0.02% | −0.01 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -9.7% | 0.05% | −0.01 |
| ROST Ross Stores Inc. | Reduce -4.2% | 0.04% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -8.4% | 0.04% | −0.01 |
| SYF Synchrony Financial | Reduce -12.0% | 0.02% | −0.01 |
| FIS Fidelity National Info Serv | Reduce -10.7% | 0.04% | −0.01 |
| STT State Street Corp. | Reduce -15.6% | 0.03% | −0.01 |
| NTAP Netapp Inc. | Reduce -6.1% | 0.02% | −0.01 |
| REGN Regeneron Pharmaceuticals | Reduce -1.9% | 0.06% | −0.01 |
| EXPE Expedia Group Inc. | Reduce -17.8% | 0.02% | −0.01 |
| LEN Lennar Corp. Class A | Reduce -6.2% | 0.03% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| XLP SS Consumer Staples Sel Sect | Add +2.0% | 2.72% | +0.27 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.1% | 0.92% | +0.18 |
| XLI SS Industrial Select Sector | Add +0.6% | 3.82% | +0.18 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +4.2% | 1.14% | +0.14 |
| V Visa Inc. Class A | Add +8.3% | 0.57% | +0.12 |
| XLRE SS Real Estate Select Sector | Add +0.4% | 1.01% | +0.08 |
| LLY Eli Lilly & Co. | Add +0.0% | 0.61% | +0.07 |
| APO Apollo Global Management Inc. | New | 0.06% | +0.06 |
| WDAY Workday Inc. Class A | New | 0.05% | +0.05 |
| T AT&T Inc. | Add +0.5% | 0.19% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +0.5% | 0.46% | +0.04 |
| IBM Intl Business Machines Corp. | Add +1.6% | 0.22% | +0.04 |
| AMGN Amgen Inc. | Add +1.1% | 0.16% | +0.03 |
| PGR Progressive Corp. | Add +0.9% | 0.16% | +0.03 |
| VZ Verizon Communications Inc. | Add +0.3% | 0.18% | +0.03 |
| GILD Gilead Sciences Inc. | Add +0.5% | 0.13% | +0.03 |
| AJG Arthur J Gallagher & Co. | Add +19.2% | 0.08% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.8% | 0.12% | +0.03 |
| BSX Boston Scientific Corp. | Add +2.2% | 0.14% | +0.02 |
| INTC Intel Corp. | Add +4.5% | 0.09% | +0.02 |
| ICE Intercontinental Exchange Inc. | Add +1.9% | 0.09% | +0.02 |
| MOH Molina Healthcare Inc. | New | 0.02% | +0.02 |
| DGX Quest Diagnostics Inc. | New | 0.02% | +0.02 |
| STX Seagate Technology Holdings | New | 0.02% | +0.02 |
| BAX Baxter International Inc. | New | 0.02% | +0.02 |
| CME Cme Group Inc. | Add +0.6% | 0.09% | +0.02 |
| AON Aon PLC Class A | Add +5.0% | 0.08% | +0.01 |
| COR Cencora Inc. | Add +6.1% | 0.05% | +0.01 |
| SYK Stryker Corp. | Add +1.2% | 0.12% | +0.01 |
| ROP Roper Technologies Inc. | Add +0.3% | 0.06% | +0.01 |
| GEHC GE Healthcare Technology | Add +24.6% | 0.04% | +0.01 |
| ZTS Zoetis Inc. | Add +8.7% | 0.07% | +0.01 |
| MU Micron Technology Inc. | Add +1.5% | 0.09% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +3.1% | 0.08% | +0.01 |
| BRO Brown & Brown Inc. | Add +1.0% | 0.03% | +0.01 |
| INTU Intuit Inc. | Add +1.4% | 0.16% | +0.01 |
| NDAQ Nasdaq Inc. | Add +20.0% | 0.03% | +0.01 |
| TTWO Take-Two Interactive Softwre | Add +2.4% | 0.03% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +6.0% | 0.10% | +0.00 |
| BDX Becton Dickinson and Co. | Add +1.3% | 0.06% | +0.00 |
| ACGL Arch Capital Group Ltd. | Add +0.9% | 0.03% | +0.00 |
| MPWR Monolithic Power Systems Inc. | Add +7.4% | 0.03% | +0.00 |
| LYV Live Nation Entertainment Inc. | Add +5.8% | 0.02% | +0.00 |
| RCL Royal Caribbean Cruises Ltd. | Add +11.3% | 0.05% | +0.00 |
| TXN Texas Instruments Inc. | Add +0.6% | 0.15% | +0.00 |
| TYL Tyler Technologies Inc. | Add +1.7% | 0.02% | +0.00 |
| PFE Pfizer Inc. | Add +0.8% | 0.14% | +0.00 |
| ISRG Intuitive Surgical Inc. | Add +1.1% | 0.17% | +0.00 |
| USB US Bancorp | Add +9.3% | 0.06% | +0.00 |
| ANSS Ansys Inc. | Add +0.7% | 0.03% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 229 | $1.6B | SPY, XLI, NVDA, AAPL, GOOG |
| Q1 2026 | 225 | $1.4B | SPY, XLI, NVDA, AAPL, GOOG |
| Q4 2025 | 226 | $1.5B | SPY, XLI, NVDA, AAPL, MSFT |
| Q3 2025 | 230 | $1.5B | SPY, XLI, NVDA, MSFT, AAPL |
| Q2 2025 | 224 | $1.3B | SPY, XLI, NVDA, MSFT, AAPL |
| Q1 2025 | 219 | $1.2B | SPY, XLI, AAPL, XLP, MSFT |
| Q4 2024 | 226 | $1.3B | SPY, XLI, AAPL, NVDA, MSFT |
| Q3 2024 | 231 | $1.3B | SPY, XLI, AAPL, MSFT, NVDA |
| Q2 2024 | 219 | $1.2B | SPY, XLI, MSFT, AAPL, NVDA |
| Q1 2024 | 223 | $1.1B | SPY, XLI, MSFT, XLP, AAPL |