Trust Asset Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), Trust Asset Management LLC reported 224 stock positions worth $1.3 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 55.5% of the portfolio, followed by SS Industrial Select Sector (XLI, 3.9%) and Nvidia (NVDA, 3.3%). Compared with Q1 2025, it opened 9 new positions, sold out of 4, added to 1 and reduced 5. The biggest buy was a new position in DoorDash Class A (DASH) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001608376
Portfolio Value
$1.3B (Q2 2025)
SEC Filing
0001172661-25-002690 ↗ filed Jul 23, 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 Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.3B $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 224 stocks · $1.3B
SPY SS SPDR S&P 500 ETF Trust-US 55.51% 1,211,945 $748.8M Reduce -0.2%
XLI SS Industrial Select Sector 3.88% 354,864 $52.3M Reduce -0.1%
NVDA Nvidia Corp. 3.31% 282,268 $44.6M Reduce -0.1%
MSFT Microsoft Corp. 3.16% 85,614 $42.6M No change
AAPL Apple Inc. 2.65% 173,947 $35.7M Reduce -0.1%
XLP SS Consumer Staples Sel Sect 2.43% 405,519 $32.8M No change
AMZN Amazon.com Inc. 1.75% 107,761 $23.6M No change
GOOG Alphabet Inc. Class C 1.60% 121,609 $21.6M No change
META Meta Platforms Inc. Class A 1.37% 25,105 $18.5M No change
XLE SS Energy Select Sector 1.33% 211,348 $17.9M No change
AVGO Broadcom Inc. 1.10% 53,767 $14.8M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 1.07% 176,270 $14.4M No change
XLRE SS Real Estate Select Sector 0.91% 295,390 $12.2M No change
XLB SS Materials Select Sector 0.84% 129,052 $11.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.76% 21,099 $10.2M No change
TSLA Tesla Inc. 0.75% 32,053 $10.2M Reduce -0.3%
JPM JPMorgan Chase & Co. 0.70% 32,424 $9.4M No change
LLY Eli Lilly & Co. 0.52% 9,072 $7.1M No change
V Visa Inc. Class A 0.52% 19,899 $7.1M No change
NFLX Netflix Inc. 0.49% 4,926 $6.6M No change
MA Mastercard Inc. Class A 0.39% 9,447 $5.3M No change
JNJ Johnson & Johnson 0.31% 27,747 $4.2M No change
HD Home Depot Inc. 0.31% 11,443 $4.2M No change
ORCL Oracle Corp. 0.30% 18,491 $4.0M No change
ABBV Abbvie Inc. 0.28% 20,346 $3.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 76,883 $3.6M No change
UNH Unitedhealth Group Inc. 0.25% 10,600 $3.3M No change
WFC Wells Fargo & Co. 0.24% 40,968 $3.3M No change
PLTR Palantir Technologies Inc. Class A 0.24% 23,662 $3.2M No change
CSCO Cisco Systems Inc. 0.24% 46,013 $3.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.23% 10,616 $3.1M No change
CRM Salesforce Inc. 0.22% 11,033 $3.0M No change
ABT Abbott Laboratories 0.20% 19,983 $2.7M No change
AMD Advanced Micro Devices 0.20% 18,691 $2.7M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 20,872 $2.6M No change
GS Goldman Sachs Group Inc. 0.19% 3,623 $2.6M No change
INTU Intuit Inc. 0.19% 3,221 $2.5M No change
NOW ServiceNow Inc. 0.18% 2,372 $2.4M No change
MCD McDonald's Corp. 0.18% 8,264 $2.4M No change
T AT&T Inc. 0.18% 82,574 $2.4M No change
MRK Merck & Co. Inc. 0.17% 29,141 $2.3M No change
C Citigroup Inc. 0.17% 26,304 $2.2M No change
ISRG Intuitive Surgical Inc. 0.16% 4,094 $2.2M No change
BKNG Booking Holdings Inc. 0.16% 381 $2.2M No change
TXN Texas Instruments Inc. 0.16% 10,497 $2.2M No change
ACN Accenture PLC Class A 0.16% 7,197 $2.2M No change
VZ Verizon Communications Inc. 0.16% 48,463 $2.1M No change
AXP American Express Co. 0.15% 6,422 $2.0M No change
QCOM Qualcomm Inc. 0.15% 12,804 $2.0M No change
MS Morgan Stanley 0.15% 14,311 $2.0M No change
ADBE Adobe Inc. 0.15% 5,075 $2.0M No change
SPGI S&P Global Inc. 0.14% 3,668 $1.9M No change
BSX Boston Scientific Corp. 0.13% 16,900 $1.8M No change
PGR Progressive Corp. 0.13% 6,735 $1.8M No change
TMO Thermo Fisher Scientific Inc. 0.13% 4,414 $1.8M No change
BLK BlackRock Inc. 0.13% 1,679 $1.8M No change
AMAT Applied Materials Inc. 0.13% 9,514 $1.7M No change
AMGN Amgen Inc. 0.13% 6,178 $1.7M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 13,023 $1.6M No change
GILD Gilead Sciences Inc. 0.12% 14,343 $1.6M No change
PFE Pfizer Inc. 0.12% 65,183 $1.6M No change
SCHW Schwab (charles) Corp. 0.12% 17,244 $1.6M No change
CMCSA Comcast Corp. Class A 0.12% 44,071 $1.6M No change
MU Micron Technology Inc. 0.12% 12,734 $1.6M No change
COF Capital One Financial Corp. 0.12% 7,363 $1.6M Add +67.4%
SYK Stryker Corp. 0.12% 3,943 $1.6M No change
PANW Palo Alto Networks Inc. 0.11% 7,497 $1.5M No change
DHR Danaher Corp. 0.11% 7,415 $1.5M No change
LOW Lowe's Cos Inc. 0.11% 6,545 $1.5M No change
LRCX Lam Research Corp. 0.11% 14,872 $1.4M No change
KLAC KLA Corp. 0.10% 1,547 $1.4M No change
APH Amphenol Corp. Class A 0.10% 13,879 $1.4M No change
ADI Analog Devices Inc. 0.10% 5,728 $1.4M No change
CRWD CrowdStrike Holdings Inc. Class A 0.10% 2,662 $1.4M No change
TMUS T-Mobile US Inc. 0.10% 5,615 $1.3M No change
VRTX Vertex Pharmaceuticals Inc. 0.10% 2,962 $1.3M No change
MDT Medtronic PLC 0.10% 14,832 $1.3M No change
CB Chubb Ltd. 0.09% 4,329 $1.3M No change
BX Blackstone Inc. 0.09% 8,316 $1.2M No change
MRSH Marsh & McLennan Cos 0.09% 5,662 $1.2M No change
ANET Arista Networks Inc. 0.09% 11,853 $1.2M No change
ICE Intercontinental Exchange Inc. 0.09% 6,589 $1.2M No change
SBUX Starbucks Corp. 0.09% 13,076 $1.2M No change
CME Cme Group Inc. 0.08% 4,145 $1.1M No change
FISV Fiserv Inc. 0.08% 6,571 $1.1M No change
INTC Intel Corp. 0.08% 49,229 $1.1M No change
BMY Bristol-Myers Squibb Co. 0.08% 23,444 $1.1M No change
MCK McKesson Corp. 0.08% 1,471 $1.1M No change
CI The Cigna Group 0.08% 3,211 $1.1M No change
ELV Elevance Health Inc. 0.08% 2,690 $1.0M No change
KKR KKR & Co. Inc. 0.08% 7,763 $1.0M No change
CVS CVS Health Corp. 0.07% 14,536 $1.0M No change
NKE Nike Inc. Class B 0.07% 13,769 $978K No change
CDNS Cadence Design SYS Inc. 0.07% 3,158 $973K No change
DASH DoorDash Inc. Class A 0.07% 3,892 $959K New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.07% 2,865 $917K No change
SNPS Synopsys Inc. 0.07% 1,766 $905K No change
ORLY O'reilly Automotive Inc. 0.07% 10,035 $904K No change
MCO Moody's Corp. 0.07% 1,796 $901K No change
RCL Royal Caribbean Cruises Ltd. 0.07% 2,823 $884K No change
CMG Chipotle Mexican Grill Inc. 0.07% 15,704 $882K No change
AON Aon PLC Class A 0.07% 2,467 $880K No change
PYPL PayPal Holdings Inc. 0.06% 11,588 $861K No change
PNC PNC Financial Services Group 0.06% 4,582 $854K No change
COIN Coinbase Global Inc. Class A 0.06% 2,389 $837K New
MSI Motorola Solutions Inc. 0.06% 1,929 $811K No change
ZTS Zoetis Inc. 0.06% 5,192 $810K No change
HCA HCA Healthcare Inc. 0.06% 2,108 $808K No change
USB US Bancorp 0.06% 17,831 $807K No change
FTNT Fortinet Inc. 0.06% 7,352 $777K No change
ADSK Autodesk Inc. 0.06% 2,481 $768K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.06% 8,388 $764K No change
HLT Hilton Worldwide Holdings Inc. 0.06% 2,833 $755K No change
APO Apollo Global Management Inc. 0.05% 5,147 $730K No change
MAR Marriott International Class A 0.05% 2,670 $729K No change
AZO AutoZone Inc. 0.05% 196 $728K No change
TRV The Travelers Cos Inc. 0.05% 2,619 $701K No change
ROP Roper Technologies Inc. 0.05% 1,236 $701K No change
DELL Dell Technologies -C 0.05% 5,648 $692K No change
GM General Motors Co. 0.05% 13,897 $684K No change
AIG American International Group 0.05% 7,839 $671K No change
ABNB Airbnb Inc. Class A 0.05% 4,997 $661K No change
TFC Truist Financial Corp. 0.05% 15,324 $659K No change
NXPI NXP Semiconductors NV 0.05% 2,936 $641K No change
REGN Regeneron Pharmaceuticals 0.05% 1,213 $637K No change
F Ford Motor Co. filed as FORD MTR CO 0.05% 57,427 $623K No change
HWM Howmet Aerospace Inc. 0.05% 3,333 $620K No change
ALL Allstate Corp. 0.05% 3,057 $615K No change
AFL Aflac Inc. 0.05% 5,816 $613K No change
AMP Ameriprise Financial Inc. 0.04% 1,127 $602K No change
COR Cencora Inc. 0.04% 1,996 $599K No change
WDAY Workday Inc. Class A 0.04% 2,453 $589K No change
TEL Te Connectivity PLC 0.04% 3,462 $584K No change
BDX Becton Dickinson and Co. 0.04% 3,320 $572K No change
MET Metlife Inc. 0.04% 6,783 $545K No change
EW Edwards Lifesciences Corp. 0.04% 6,825 $534K No change
MSCI MSCI Inc. 0.04% 905 $522K No change
FICO Fair Isaac Corp. 0.04% 282 $515K No change
FIS Fidelity National Info Serv 0.04% 6,264 $510K No change
IDXX Idexx Laboratories Inc. 0.04% 949 $509K No change
ROST Ross Stores Inc. 0.04% 3,834 $489K No change
YUM Yum! Brands Inc. 0.04% 3,219 $477K No change
CAH Cardinal Health Inc. 0.03% 2,803 $471K No change
GLW Corning Inc. 0.03% 8,883 $467K No change
CHTR Charter Communications Inc. Class A 0.03% 1,121 $458K No change
TTWO Take-Two Interactive Softwre 0.03% 1,874 $455K No change
CTSH Cognizant Tech Solutions-A 0.03% 5,725 $447K No change
PRU Prudential Financial Inc. 0.03% 4,118 $442K No change
EA Electronic Arts Inc. 0.03% 2,768 $442K No change
MCHP Microchip Technology Inc. 0.03% 6,219 $438K No change
RMD Resmed Inc. 0.03% 1,694 $437K No change
DHI D.R. Horton Inc. 0.03% 3,379 $436K No change
HIG Hartford Insurance Group Inc. 0.03% 3,364 $427K No change
NDAQ Nasdaq Inc. 0.03% 4,697 $420K No change
EBAY eBay Inc. 0.03% 5,578 $415K No change
MPWR Monolithic Power Systems Inc. 0.03% 554 $405K No change
GEHC GE Healthcare Technology 0.03% 5,371 $398K No change
DXCM Dexcom Inc. 0.03% 4,496 $392K No change
ACGL Arch Capital Group Ltd. 0.03% 4,308 $392K No change
A Agilent Technologies Inc. 0.03% 3,321 $392K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.03% 1,920 $372K No change
GRMN Garmin Ltd. 0.03% 1,774 $370K No change
STT State Street Corp. 0.03% 3,431 $365K No change
IT Gartner Inc. 0.03% 890 $360K No change
WTW Willis Towers Watson PLC 0.03% 1,166 $357K No change
ANSS Ansys Inc. 0.03% 1,005 $353K No change
STX Seagate Technology Holdings 0.03% 2,398 $346K No change
HUM Humana Inc. 0.03% 1,393 $341K No change
CCL Carnival Corp. 0.02% 11,928 $335K No change
KEYS Keysight Technologies Inc. 0.02% 2,012 $330K No change
TSCO Tractor Supply Company 0.02% 6,194 $327K No change
RJF Raymond James Financial Inc. 0.02% 2,119 $325K No change
FITB Fifth Third Bancorp 0.02% 7,790 $320K No change
CNC Centene Corp. 0.02% 5,863 $318K No change
IQV Iqvia Holdings Inc. 0.02% 2,002 $315K No change
LULU Lululemon Athletica Inc. 0.02% 1,305 $310K No change
LEN Lennar Corp. Class A 0.02% 2,767 $306K No change
HPE Hewlett Packard Enterprise 0.02% 14,951 $306K No change
SYF Synchrony Financial 0.02% 4,536 $303K No change
BRO Brown & Brown Inc. 0.02% 2,729 $303K No change
DRI Darden Restaurants Inc. 0.02% 1,361 $297K No change
WBD Warner Bros Discovery Inc. 0.02% 25,766 $295K No change
NTRS Northern Trust Corp. 0.02% 2,308 $293K No change
GDDY GoDaddy Inc. Class A 0.02% 1,620 $292K No change
TYL Tyler Technologies Inc. 0.02% 490 $290K No change
MTD Mettler-Toledo International 0.02% 246 $289K No change
JBL Jabil Inc. 0.02% 1,312 $286K New
SMCI Super Micro Computer Inc. 0.02% 5,768 $283K New
CBOE Cboe Global Markets Inc. 0.02% 1,207 $281K No change
HBAN Huntington Bancshares Inc. 0.02% 16,778 $281K No change
VRSN Verisign Inc. 0.02% 960 $277K No change
TDY Teledyne Technologies Inc. 0.02% 538 $276K No change
CDW CDW Corp. 0.02% 1,541 $275K No change
STE Steris PLC 0.02% 1,139 $274K No change
LYV Live Nation Entertainment Inc. 0.02% 1,785 $270K No change
CINF Cincinnati Financial Corp. 0.02% 1,804 $269K No change
CPAY Corpay Inc. 0.02% 808 $268K No change
HPQ HP Inc. 0.02% 10,916 $267K No change
NVR NVR Inc. 0.02% 35 $258K No change
ON On Semiconductor 0.02% 4,928 $258K No change
ULTA Ulta Beauty Inc. 0.02% 550 $257K No change
LH Labcorp Holdings Inc. 0.02% 975 $256K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.02% 3,478 $256K No change
PODD Insulet Corp. 0.02% 809 $254K No change
NTAP Netapp Inc. 0.02% 2,371 $253K No change
WDC Western Digital Corp. 0.02% 3,936 $252K New
PHM Pultegroup Inc. 0.02% 2,382 $251K No change
RF Regions Financial Corp. 0.02% 10,576 $249K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.02% 2,568 $248K No change
EXPE Expedia Group Inc. 0.02% 1,441 $243K No change
WAT Waters Corp. 0.02% 687 $240K No change
TPR Tapestry Inc. 0.02% 2,702 $237K New
GPN Global Payments Inc. 0.02% 2,941 $235K No change
PTC PTC Inc. 0.02% 1,356 $234K No change
DGX Quest Diagnostics Inc. 0.02% 1,282 $230K No change
CFG Citizens Financial Group 0.02% 5,138 $230K No change
WSM Williams-Sonoma Inc. 0.02% 1,405 $230K New
FOXA Fox Corp. Class A 0.02% 4,066 $228K No change
TRMB Trimble Inc. 0.02% 2,824 $215K New
ZBH Zimmer Biomet Holdings Inc. 0.02% 2,316 $211K No change
BIIB Biogen Inc. 0.02% 1,675 $210K No change
FSLR First Solar Inc. 0.01% 1,222 $202K New
KEY Keycorp 0.01% 11,434 $199K No change
VTRS Viatris Inc. 0.01% 13,826 $123K No change

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -0.1% 2.65% −0.52
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.2% 55.51% −0.18
DFS Discover Financial Services Sold out 0.00% −0.04
MOH Molina Healthcare Inc. Sold out 0.00% −0.02
PFG Principal Financial Group Sold out 0.00% −0.02
BAX Baxter International Inc. Sold out 0.00% −0.02
XLI SS Industrial Select Sector Reduce -0.1% 3.88% +0.06
TSLA Tesla Inc. Reduce -0.3% 0.75% +0.07
NVDA Nvidia Corp. Reduce -0.1% 3.31% +0.80

Portfolio Buys Q1 2025 → Q2 2025
DASH DoorDash Inc. Class A New 0.07% +0.07
COIN Coinbase Global Inc. Class A New 0.06% +0.06
COF Capital One Financial Corp. Add +67.4% 0.12% +0.05
JBL Jabil Inc. New 0.02% +0.02
SMCI Super Micro Computer Inc. New 0.02% +0.02
WDC Western Digital Corp. New 0.02% +0.02
TPR Tapestry Inc. New 0.02% +0.02
WSM Williams-Sonoma Inc. New 0.02% +0.02
TRMB Trimble Inc. New 0.02% +0.02
FSLR First Solar Inc. New 0.01% +0.01

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