Trust Asset Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 13, 2026), Trust Asset Management LLC reported 226 stock positions worth $1.5 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 56.4% of the portfolio, followed by SS Industrial Select Sector (XLI, 3.6%) and Nvidia (NVDA, 3.5%). Compared with Q3 2025, it opened 1 new position, sold out of 5 and reduced 224. The biggest buy was a new position in Omnicom (OMC) and the biggest sale Microsoft (MSFT, shares −4%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001608376
Portfolio Value
$1.5B (Q4 2025)
SEC Filing
0001172661-26-000173 ↗ filed Jan 13, 2026

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 Q2 2025 Q3 2025: $1.5B Q3 2025 Q4 2025: $1.5B $1.5B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 226 stocks · $1.5B
SPY SS SPDR S&P 500 ETF Trust-US 56.37% 1,211,945 $826.4M No change
XLI SS Industrial Select Sector 3.62% 342,261 $53.1M Reduce -3.5%
NVDA Nvidia Corp. 3.46% 272,283 $50.8M Reduce -3.5%
AAPL Apple Inc. 3.11% 167,660 $45.6M Reduce -3.6%
MSFT Microsoft Corp. 2.72% 82,545 $39.9M Reduce -3.6%
GOOG Alphabet Inc. Class C 2.51% 117,169 $36.8M Reduce -3.6%
XLP SS Consumer Staples Sel Sect 2.07% 391,482 $30.4M Reduce -3.5%
AMZN Amazon.com Inc. 1.64% 104,149 $24.0M Reduce -3.4%
XLE SS Energy Select Sector 1.24% 407,768 $18.2M Reduce -3.5%
AVGO Broadcom Inc. 1.22% 51,861 $17.9M Reduce -3.5%
META Meta Platforms Inc. Class A 1.09% 24,194 $16.0M Reduce -3.6%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.99% 339,968 $14.5M Reduce -3.6%
TSLA Tesla Inc. 0.95% 31,007 $13.9M Reduce -3.3%
XLRE SS Real Estate Select Sector 0.79% 285,208 $11.5M Reduce -3.5%
XLB SS Materials Select Sector 0.77% 248,974 $11.3M Reduce -3.5%
BRK.B Berkshire Hathaway Inc. Class B 0.70% 20,344 $10.2M Reduce -3.6%
JPM JPMorgan Chase & Co. 0.69% 31,213 $10.1M Reduce -3.7%
LLY Eli Lilly & Co. 0.64% 8,752 $9.4M Reduce -3.5%
V Visa Inc. Class A 0.46% 19,164 $6.7M Reduce -3.7%
JNJ Johnson & Johnson 0.38% 26,761 $5.5M Reduce -3.5%
MA Mastercard Inc. Class A 0.35% 9,113 $5.2M Reduce -3.5%
ABBV Abbvie Inc. 0.31% 19,622 $4.5M Reduce -3.6%
NFLX Netflix Inc. 0.30% 47,480 $4.5M Reduce -3.6%
PLTR Palantir Technologies Inc. Class A 0.28% 22,968 $4.1M Reduce -2.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.28% 74,211 $4.1M Reduce -3.5%
AMD Advanced Micro Devices 0.26% 18,022 $3.9M Reduce -3.6%
HD Home Depot Inc. 0.26% 11,034 $3.8M Reduce -3.6%
WFC Wells Fargo & Co. 0.25% 39,476 $3.7M Reduce -3.6%
MU Micron Technology Inc. 0.24% 12,298 $3.5M Reduce -3.4%
ORCL Oracle Corp. 0.24% 17,849 $3.5M Reduce -3.5%
CSCO Cisco Systems Inc. 0.23% 44,345 $3.4M Reduce -3.6%
UNH Unitedhealth Group Inc. 0.23% 10,210 $3.4M Reduce -3.7%
GS Goldman Sachs Group Inc. 0.21% 3,485 $3.1M Reduce -3.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.21% 10,253 $3.0M Reduce -3.4%
C Citigroup Inc. 0.20% 25,465 $3.0M Reduce -3.1%
MRK Merck & Co. Inc. 0.20% 28,072 $3.0M Reduce -3.7%
CRM Salesforce Inc. 0.19% 10,637 $2.8M Reduce -3.6%
TMO Thermo Fisher Scientific Inc. 0.17% 4,253 $2.5M Reduce -3.6%
LRCX Lam Research Corp. 0.17% 14,328 $2.5M Reduce -3.7%
MS Morgan Stanley 0.17% 13,779 $2.4M Reduce -3.7%
MCD McDonald's Corp. 0.17% 7,966 $2.4M Reduce -3.6%
ABT Abbott Laboratories 0.16% 19,275 $2.4M Reduce -3.5%
AMAT Applied Materials Inc. 0.16% 9,159 $2.4M Reduce -3.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 20,117 $2.3M Reduce -3.6%
AXP American Express Co. 0.16% 6,182 $2.3M Reduce -3.7%
ISRG Intuitive Surgical Inc. 0.15% 3,952 $2.2M Reduce -3.5%
QCOM Qualcomm Inc. 0.14% 12,323 $2.1M Reduce -3.8%
INTU Intuit Inc. 0.14% 3,108 $2.1M Reduce -3.5%
T AT&T Inc. 0.13% 79,591 $2.0M Reduce -3.6%
BKNG Booking Holdings Inc. 0.13% 367 $2.0M Reduce -3.7%
AMGN Amgen Inc. 0.13% 5,964 $2.0M Reduce -3.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.13% 12,548 $1.9M Reduce -3.6%
VZ Verizon Communications Inc. 0.13% 46,722 $1.9M Reduce -3.6%
ACN Accenture PLC Class A 0.13% 6,937 $1.9M Reduce -3.6%
SPGI S&P Global Inc. 0.13% 3,533 $1.8M Reduce -3.7%
KLAC KLA Corp. 0.12% 1,490 $1.8M Reduce -3.7%
APH Amphenol Corp. Class A 0.12% 13,389 $1.8M Reduce -3.5%
INTC Intel Corp. 0.12% 47,715 $1.8M Reduce -3.1%
TXN Texas Instruments Inc. 0.12% 10,117 $1.8M Reduce -3.6%
NOW ServiceNow Inc. 0.12% 11,435 $1.8M Reduce -3.6%
BLK BlackRock Inc. 0.12% 1,621 $1.7M Reduce -3.5%
COF Capital One Financial Corp. 0.12% 7,100 $1.7M Reduce -3.6%
ADBE Adobe Inc. 0.12% 4,882 $1.7M Reduce -3.8%
GILD Gilead Sciences Inc. 0.12% 13,826 $1.7M Reduce -3.6%
SCHW Schwab (charles) Corp. 0.11% 16,781 $1.7M Reduce -2.7%
DHR Danaher Corp. 0.11% 7,146 $1.6M Reduce -3.6%
PFE Pfizer Inc. 0.11% 62,899 $1.6M Reduce -3.5%
BSX Boston Scientific Corp. 0.11% 16,333 $1.6M Reduce -3.4%
LOW Lowe's Cos Inc. 0.10% 6,306 $1.5M Reduce -3.6%
ADI Analog Devices Inc. 0.10% 5,524 $1.5M Reduce -3.6%
ANET Arista Networks Inc. 0.10% 11,427 $1.5M Reduce -3.6%
PGR Progressive Corp. 0.10% 6,498 $1.5M Reduce -3.5%
MDT Medtronic PLC 0.09% 14,302 $1.4M Reduce -3.6%
SYK Stryker Corp. 0.09% 3,805 $1.3M Reduce -3.5%
PANW Palo Alto Networks Inc. 0.09% 7,238 $1.3M Reduce -3.5%
CB Chubb Ltd. 0.09% 4,171 $1.3M Reduce -3.6%
VRTX Vertex Pharmaceuticals Inc. 0.09% 2,856 $1.3M Reduce -3.6%
CMCSA Comcast Corp. Class A 0.09% 42,410 $1.3M Reduce -3.8%
BX Blackstone Inc. 0.08% 8,024 $1.2M Reduce -3.5%
BMY Bristol-Myers Squibb Co. 0.08% 22,617 $1.2M Reduce -3.5%
CRWD CrowdStrike Holdings Inc. Class A 0.08% 2,588 $1.2M Reduce -2.8%
MCK McKesson Corp. 0.08% 1,417 $1.2M Reduce -3.7%
CVS CVS Health Corp. 0.08% 14,022 $1.1M Reduce -3.5%
TMUS T-Mobile US Inc. 0.07% 5,412 $1.1M Reduce -3.6%
CME Cme Group Inc. 0.07% 3,998 $1.1M Reduce -3.5%
SBUX Starbucks Corp. 0.07% 12,609 $1.1M Reduce -3.6%
GM General Motors Co. 0.07% 12,981 $1.1M Reduce -4.2%
ICE Intercontinental Exchange Inc. 0.07% 6,362 $1.0M Reduce -3.5%
MRSH Marsh & McLennan Cos 0.07% 5,454 $1.0M Reduce -3.7%
KKR KKR & Co. Inc. 0.07% 7,496 $956K Reduce -3.4%
SNPS Synopsys Inc. 0.07% 2,033 $955K Reduce -3.4%
CDNS Cadence Design SYS Inc. 0.06% 3,043 $951K Reduce -3.6%
HCA HCA Healthcare Inc. 0.06% 2,019 $943K Reduce -4.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.06% 8,073 $937K Reduce -3.8%
PNC PNC Financial Services Group 0.06% 4,414 $921K Reduce -3.7%
USB US Bancorp 0.06% 17,182 $917K Reduce -3.6%
ELV Elevance Health Inc. 0.06% 2,584 $906K Reduce -3.9%
REGN Regeneron Pharmaceuticals 0.06% 1,168 $902K Reduce -3.7%
MCO Moody's Corp. 0.06% 1,731 $884K Reduce -3.6%
ORLY O'reilly Automotive Inc. 0.06% 9,668 $882K Reduce -3.7%

Show all 226 holdings

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -3.6% 2.72% −0.32
META Meta Platforms Inc. Class A Reduce -3.6% 1.09% −0.18
NVDA Nvidia Corp. Reduce -3.5% 3.46% −0.16
XLI SS Industrial Select Sector Reduce -3.5% 3.62% −0.14
ORCL Oracle Corp. Reduce -3.5% 0.24% −0.12
XLP SS Consumer Staples Sel Sect Reduce -3.5% 2.07% −0.11
NFLX Netflix Inc. Reduce -3.6% 0.30% −0.10
XLRE SS Real Estate Select Sector Reduce -3.5% 0.79% −0.07
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -3.6% 0.99% −0.07
HD Home Depot Inc. Reduce -3.6% 0.26% −0.06
XLE SS Energy Select Sector Reduce -3.5% 1.24% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.6% 0.70% −0.03
NOW ServiceNow Inc. Reduce -3.6% 0.12% −0.03
FISV Fiserv Inc. Reduce -3.9% 0.03% −0.03
TSLA Tesla Inc. Reduce -3.3% 0.95% −0.03
T AT&T Inc. Reduce -3.6% 0.13% −0.03
XLB SS Materials Select Sector Reduce -3.5% 0.77% −0.02
UNH Unitedhealth Group Inc. Reduce -3.7% 0.23% −0.02
COIN Coinbase Global Inc. Class A Reduce -3.0% 0.04% −0.02
ABT Abbott Laboratories Reduce -3.5% 0.16% −0.02
SMCI Super Micro Computer Inc. Sold out 0.00% −0.02
PLTR Palantir Technologies Inc. Class A Reduce -2.9% 0.28% −0.02
ABBV Abbvie Inc. Reduce -3.6% 0.31% −0.02
TMUS T-Mobile US Inc. Reduce -3.6% 0.07% −0.02
JPM JPMorgan Chase & Co. Reduce -3.7% 0.69% −0.02
ANET Arista Networks Inc. Reduce -3.6% 0.10% −0.02
VZ Verizon Communications Inc. Reduce -3.6% 0.13% −0.02
BLK BlackRock Inc. Reduce -3.5% 0.12% −0.02
ZBH Zimmer Biomet Holdings Inc. Sold out 0.00% −0.02
GPC Genuine Parts Co. Sold out 0.00% −0.02
GDDY GoDaddy Inc. Class A Sold out 0.00% −0.02
FFIV F5 Inc. Sold out 0.00% −0.01
MA Mastercard Inc. Class A Reduce -3.5% 0.35% −0.01
DASH DoorDash Inc. Class A Reduce -3.0% 0.06% −0.01
ORLY O'reilly Automotive Inc. Reduce -3.7% 0.06% −0.01
AZO AutoZone Inc. Reduce -3.6% 0.04% −0.01
PANW Palo Alto Networks Inc. Reduce -3.5% 0.09% −0.01
PGR Progressive Corp. Reduce -3.5% 0.10% −0.01
BX Blackstone Inc. Reduce -3.5% 0.08% −0.01
TXN Texas Instruments Inc. Reduce -3.6% 0.12% −0.01
AJG Arthur J Gallagher & Co. Reduce -3.4% 0.05% −0.01
MSI Motorola Solutions Inc. Reduce -3.7% 0.05% −0.01
CDNS Cadence Design SYS Inc. Reduce -3.6% 0.06% −0.01
RCL Royal Caribbean Cruises Ltd. Reduce -3.5% 0.05% −0.01
INTU Intuit Inc. Reduce -3.5% 0.14% −0.01
MRSH Marsh & McLennan Cos Reduce -3.7% 0.07% −0.01
LOW Lowe's Cos Inc. Reduce -3.6% 0.10% −0.01
ZTS Zoetis Inc. Reduce -3.7% 0.04% −0.01
PYPL PayPal Holdings Inc. Reduce -3.8% 0.04% −0.01
SYK Stryker Corp. Reduce -3.5% 0.09% −0.01

Portfolio Buys Q3 2025 → Q4 2025
OMC Omnicom Group 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