Western Financial Corp

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 19, 2024), Western Financial Corp reported 116 stock positions worth $165.6 million. Its top holding was Enterprise Financial Service (EFSC) at 16.1% of the portfolio, followed by Arrowhead Pharmaceuticals (ARWR, 12.9%) and Wells Fargo (WFC, 3.4%). Compared with Q1 2024, it opened 10 new positions, sold out of 8, added to 62 and reduced 37. The biggest buy was Netflix (NFLX, shares +118%) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0001954480
Portfolio Value: $165.6M (Q2 2024)
SEC Filing: 0001085146-24-003102 ↗ filed Jul 19, 2024

Holdings Value

Holdings 116 stocks · $165.6M


EFSC Enterprise Financial Service	16.10%	651,396	$26.6M	Reduce -0.1%
ARWR Arrowhead Pharmaceuticals Inc.	12.88%	820,239	$21.3M	No change
WFC Wells Fargo & Co.	3.40%	94,903	$5.6M	Add +4.4%
NVDA Nvidia Corp.	2.35%	31,483	$3.9M	Reduce -18.8%
GOVT iShares US Treasury Bond ETF	2.19%	160,928	$3.6M	Add +0.8%
LLY Eli Lilly & Co.	2.12%	3,875	$3.5M	Reduce -2.2%
META Meta Platforms Inc. Class A	1.96%	6,426	$3.2M	Reduce -0.3%
NFLX Netflix Inc.	1.87%	4,577	$3.1M	Add +118.5%
CRWD CrowdStrike Holdings Inc. Class A	1.35%	5,853	$2.2M	Reduce -10.7%
ANET Arista Networks Inc.	1.31%	6,185	$2.2M	Reduce -3.9%
KLAC KLA Corp.	1.30%	2,615	$2.2M	Add +80.6%
GE General Electric filed as GE AEROSPACE	1.23%	12,855	$2.0M	Add +0.4%
AMD Advanced Micro Devices	1.22%	12,488	$2.0M	Reduce -12.2%
SNPS Synopsys Inc.	1.21%	3,359	$2.0M	Add +2.6%
CMG Chipotle Mexican Grill Inc.	1.20%	31,616	$2.0M	Reduce -4.6%
CDNS Cadence Design SYS Inc.	1.19%	6,405	$2.0M	Add +1.8%
REGN Regeneron Pharmaceuticals	1.16%	1,819	$1.9M	Add +0.7%
HD Home Depot Inc.	1.14%	5,476	$1.9M	Add +7.4%
AZO AutoZone Inc.	1.14%	636	$1.9M	Add +3.8%
TDG Transdigm Group Inc.	1.12%	1,452	$1.9M	Add +1.8%
APO Apollo Global Management Inc.	1.12%	15,702	$1.9M	Add +109.0%
ADBE Adobe Inc.	1.11%	3,309	$1.8M	Reduce -11.2%
ORLY O'reilly Automotive Inc.	1.10%	1,731	$1.8M	Add +1.5%
UBER Uber Technologies Inc.	1.09%	24,865	$1.8M	Add +0.9%
AVGO Broadcom Inc.	0.92%	952	$1.5M	Reduce -6.8%
AMZN Amazon.com Inc.	0.85%	7,310	$1.4M	Reduce -2.5%
SPYM Ste STR SPDR PT S&P 500 ETF	0.85%	22,008	$1.4M	Reduce -23.3%
SHYG iShares 0-5 YR HY Corp. Bond	0.83%	32,678	$1.4M	Add +3.0%
SHV iShares 0-1 Year Treasury Bo	0.83%	12,377	$1.4M	Add +4.5%
LRCX Lam Research Corp.	0.79%	1,234	$1.3M	Reduce -1.1%
RCL Royal Caribbean Cruises Ltd.	0.73%	7,619	$1.2M	Reduce -5.1%
COST Costco Wholesale Corp.	0.73%	1,425	$1.2M	Add +0.6%
CTAS Cintas Corp.	0.69%	1,620	$1.1M	Reduce -1.1%
BKNG Booking Holdings Inc.	0.68%	283	$1.1M	No change
COIN Coinbase Global Inc. Class A	0.68%	5,032	$1.1M	Reduce -2.2%
CPRT Copart Inc.	0.67%	20,540	$1.1M	Add +0.7%
SPG Simon Property Group Inc.	0.67%	7,265	$1.1M	Add +23.9%
HLT Hilton Worldwide Holdings Inc.	0.65%	4,953	$1.1M	No change
AXP American Express Co.	0.65%	4,622	$1.1M	New
FICO Fair Isaac Corp.	0.64%	717	$1.1M	Add +1.3%
MRK Merck & Co. Inc.	0.64%	8,589	$1.1M	Add +0.3%
MAR Marriott International Class A	0.64%	4,357	$1.1M	Add +2.1%
ODFL Old Dominion Freight Line	0.63%	5,896	$1.0M	Add +29.4%
HUBS HubSpot Inc.	0.62%	1,745	$1.0M	Add +9.5%
PLTR Palantir Technologies Inc. Class A	0.62%	40,221	$1.0M	Reduce -1.3%
IT Gartner Inc.	0.61%	2,253	$1.0M	Add +2.1%
NET Cloudflare Inc. Class A	0.61%	12,140	$1.0M	Add +13.2%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.61%	22,186	$1.0M	Reduce -5.0%
SCHZ Schwab US Aggregate Bond ETF	0.60%	21,864	$997K	Reduce -3.8%
AAPL Apple Inc.	0.60%	4,693	$988K	Add +0.0%
ROP Roper Technologies Inc.	0.59%	1,727	$973K	Add +1.1%
DASH DoorDash Inc. Class A	0.57%	8,667	$943K	Add +4.8%
MCK McKesson Corp.	0.57%	1,608	$939K	Reduce -4.5%
PAYX Paychex Inc.	0.57%	7,920	$939K	Add +1.6%
BSCS Invesco Bulletshares 2028 CB	0.56%	46,822	$934K	Add +4.5%
PANW Palo Alto Networks Inc.	0.55%	2,704	$917K	Add +1.3%
BSCT Invesco Bulletshares 2029 CB	0.55%	49,700	$903K	Add +3.8%
MPC Marathon Petroleum Corp.	0.53%	5,057	$877K	Add +2.1%
DELL Dell Technologies -C	0.51%	6,097	$841K	Reduce -11.6%
ETN Eaton Corp. PLC	0.51%	2,679	$840K	New
PSX Phillips 66	0.49%	5,791	$818K	Add +5.5%
ROST Ross Stores Inc.	0.48%	5,474	$795K	Add +4.7%
COP Conocophillips	0.48%	6,920	$792K	Add +6.9%
MCHP Microchip Technology Inc.	0.45%	8,155	$746K	Add +7.2%
BANC Banc of California Inc.	0.43%	56,292	$719K	Add +0.1%
MRVL Marvell Technology Inc.	0.43%	10,228	$715K	Add +2.2%
DHI D.R. Horton Inc.	0.43%	5,064	$714K	Add +8.2%
VZ Verizon Communications Inc.	0.43%	17,241	$711K	Add +2.6%
CI The Cigna Group	0.43%	2,147	$710K	Reduce -1.3%
HES Hess Corp.	0.42%	4,761	$702K	Add +8.9%
FLOT iShares Floating Rate Bond E	0.41%	13,336	$681K	Add +3.6%
FALN iShares Fallen Angels ETF	0.40%	25,381	$665K	Reduce -0.1%
BSCR Invesco Bulletshares 2027 CB	0.39%	33,546	$645K	Add +7.6%
BSCQ Invesco Bulletshares 2026 CB	0.39%	33,600	$644K	Add +8.6%
BSCP Invesco Bulletshares 2025 CB	0.39%	31,411	$642K	Add +9.7%
MBB iShares MBS ETF	0.38%	6,879	$632K	Reduce -3.1%
MSFT Microsoft Corp.	0.38%	1,400	$626K	No change
IVW iShares S&P 500 Growth ETF	0.35%	6,328	$586K	Add +49.6%
ARCC Ares Capital Corp.	0.32%	25,244	$526K	Add +4.7%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.28%	9,913	$465K	Reduce -6.2%
EFG iShares MSCI Eafe Growth ETF	0.25%	4,109	$420K	Add +52.4%
JPM JPMorgan Chase & Co.	0.24%	1,981	$401K	New
PSI Invesco Semiconductors ETF	0.24%	6,360	$399K	Reduce -2.5%
PTF Invesco Dorsey Wright Tech	0.24%	6,301	$390K	Reduce -0.0%
CVX Chevron Corp.	0.23%	2,420	$379K	Add +0.4%
PFE Pfizer Inc.	0.23%	13,517	$378K	Add +2.4%
PPA Invesco Aerospace & Defense	0.23%	3,630	$373K	Add +1.6%
PKB Invesco Building & Construct	0.22%	5,366	$364K	Reduce -1.3%
PG The Procter & Gamble Co.	0.22%	2,200	$363K	No change
PHO Invesco Water Resources ETF	0.22%	5,537	$359K	Add +2.6%
PNQI Invesco Nasdaq Internet ETF	0.21%	8,656	$355K	Add +5.0%
PXJ Invesco Oil & Gas Services E	0.21%	11,076	$354K	Add +2.6%
USB US Bancorp	0.20%	8,463	$336K	Add +2.7%
CAT Caterpillar Inc.	0.20%	991	$330K	Reduce -1.7%
PPBI Pacific Premier Bancorp Inc.	0.20%	14,311	$329K	Add +0.1%
GOOG Alphabet Inc. Class C	0.20%	1,762	$323K	Reduce -7.2%
QUAL iShares MSCI USA Quality Fac	0.19%	1,864	$318K	Reduce -9.2%
GOOGL Alphabet Inc. Class A	0.19%	1,729	$315K	Add +0.1%
QCOM Qualcomm Inc.	0.18%	1,481	$295K	New
V Visa Inc. Class A	0.17%	1,042	$274K	No change
IVE iShares S&P 500 Value ETF	0.16%	1,465	$267K	Reduce -5.5%
MA Mastercard Inc. Class A	0.15%	573	$253K	Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B	0.15%	617	$251K	Reduce -1.1%
BINC iShares Flex I A ETF-Usd Inc.	0.15%	4,785	$250K	Reduce -3.0%
COF Capital One Financial Corp.	0.15%	1,780	$246K	Reduce -6.7%
LIN Linde PLC	0.14%	541	$237K	Add +1.7%
VUG Vanguard Mrngstar GR ETF-Sui	0.13%	594	$222K	No change
VBK Van Morst SML-Cap Gro-Usd Inc.	0.13%	868	$217K	New
SMLF iShares US Smallcap Equity F	0.13%	3,514	$215K	Add +7.5%
PRFZ Inv Rafi US 1500 SM-Usd Inc.	0.13%	5,629	$215K	New
TLT iShares 20+ Year Treasury BD	0.13%	2,325	$213K	Reduce -3.6%
FNDA Schwab Fndmntl US SM Co. ETF	0.13%	3,870	$213K	New
IYW iShares Ustechnology ETF	0.13%	1,411	$212K	Reduce -7.5%
IJR iShares Core S&P Small-Cap E	0.13%	1,966	$210K	New
GIGB Goldman Sachs Inv GRD Corp.	0.12%	4,457	$202K	New
PGF Invesco Financial Preferred	0.10%	11,570	$170K	New

Portfolio Sells Q1 2024 → Q2 2024


UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.61
JBHT Hunt (jb) Transprt SVCS Inc.	Sold out	0.00%	−0.56
LVS Las Vegas Sands Corp.	Sold out	0.00%	−0.55
BA The Boeing Co.	Sold out	0.00%	−0.54
MDB Mongodb Inc.	Sold out	0.00%	−0.50
AMD Advanced Micro Devices	Reduce -12.2%	1.22%	−0.35
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -23.3%	0.85%	−0.23
INTC Intel Corp.	Sold out	0.00%	−0.19
CRM Salesforce Inc.	Sold out	0.00%	−0.19
EFV iShares MSCI Eafe Value ETF	Sold out	0.00%	−0.18
COIN Coinbase Global Inc. Class A	Reduce -2.2%	0.68%	−0.16
EFSC Enterprise Financial Service	Reduce -0.1%	16.10%	−0.11
CI The Cigna Group	Reduce -1.3%	0.43%	−0.06
IUSB Ishr CR Unvrse Usd BD ETF-Ui	Reduce -5.0%	0.61%	−0.05
ADBE Adobe Inc.	Reduce -11.2%	1.11%	−0.04
SCHZ Schwab US Aggregate Bond ETF	Reduce -3.8%	0.60%	−0.04
PKB Invesco Building & Construct	Reduce -1.3%	0.22%	−0.03
CAT Caterpillar Inc.	Reduce -1.7%	0.20%	−0.03
COF Capital One Financial Corp.	Reduce -6.7%	0.15%	−0.03
MBB iShares MBS ETF	Reduce -3.1%	0.38%	−0.02
IVE iShares S&P 500 Value ETF	Reduce -5.5%	0.16%	−0.02
FALN iShares Fallen Angels ETF	Reduce -0.1%	0.40%	−0.02
QUAL iShares MSCI USA Quality Fac	Reduce -9.2%	0.19%	−0.01
TLT iShares 20+ Year Treasury BD	Reduce -3.6%	0.13%	−0.01
BRK.B Berkshire Hathaway Inc. Class B	Reduce -1.1%	0.15%	−0.01
BINC iShares Flex I A ETF-Usd Inc.	Reduce -3.0%	0.15%	−0.01
DYNF Ishrs US E F R A ETF-Usd Inc.	Reduce -6.2%	0.28%	−0.01
CTAS Cintas Corp.	Reduce -1.1%	0.69%	−0.00
IYW iShares Ustechnology ETF	Reduce -7.5%	0.13%	+0.00
MCK McKesson Corp.	Reduce -4.5%	0.57%	+0.01
PTF Invesco Dorsey Wright Tech	Reduce -0.0%	0.24%	+0.01
CMG Chipotle Mexican Grill Inc.	Reduce -4.6%	1.20%	+0.02
PSI Invesco Semiconductors ETF	Reduce -2.5%	0.24%	+0.02
GOOG Alphabet Inc. Class C	Reduce -7.2%	0.20%	+0.02
AMZN Amazon.com Inc.	Reduce -2.5%	0.85%	+0.02
DELL Dell Technologies -C	Reduce -11.6%	0.51%	+0.03
META Meta Platforms Inc. Class A	Reduce -0.3%	1.96%	+0.04
PLTR Palantir Technologies Inc. Class A	Reduce -1.3%	0.62%	+0.04
RCL Royal Caribbean Cruises Ltd.	Reduce -5.1%	0.73%	+0.05
LRCX Lam Research Corp.	Reduce -1.1%	0.79%	+0.05
CRWD CrowdStrike Holdings Inc. Class A	Reduce -10.7%	1.35%	+0.07
AVGO Broadcom Inc.	Reduce -6.8%	0.92%	+0.09
ANET Arista Networks Inc.	Reduce -3.9%	1.31%	+0.17
NVDA Nvidia Corp.	Reduce -18.8%	2.35%	+0.20
LLY Eli Lilly & Co.	Reduce -2.2%	2.12%	+0.23

Portfolio Buys Q1 2024 → Q2 2024


NFLX Netflix Inc.	Add +118.5%	1.87%	+1.09
KLAC KLA Corp.	Add +80.6%	1.30%	+0.68
AXP American Express Co.	New	0.65%	+0.65
APO Apollo Global Management Inc.	Add +109.0%	1.12%	+0.60
ETN Eaton Corp. PLC	New	0.51%	+0.51
JPM JPMorgan Chase & Co.	New	0.24%	+0.24
QCOM Qualcomm Inc.	New	0.18%	+0.18
WFC Wells Fargo & Co.	Add +4.4%	3.40%	+0.18
IVW iShares S&P 500 Growth ETF	Add +49.6%	0.35%	+0.13
VBK Van Morst SML-Cap Gro-Usd Inc.	New	0.13%	+0.13
PRFZ Inv Rafi US 1500 SM-Usd Inc.	New	0.13%	+0.13
FNDA Schwab Fndmntl US SM Co. ETF	New	0.13%	+0.13
IJR iShares Core S&P Small-Cap E	New	0.13%	+0.13
GIGB Goldman Sachs Inv GRD Corp.	New	0.12%	+0.12
AAPL Apple Inc.	Add +0.0%	0.60%	+0.10
SPG Simon Property Group Inc.	Add +23.9%	0.67%	+0.10
PGF Invesco Financial Preferred	New	0.10%	+0.10
FICO Fair Isaac Corp.	Add +1.3%	0.64%	+0.10
COST Costco Wholesale Corp.	Add +0.6%	0.73%	+0.10
PANW Palo Alto Networks Inc.	Add +1.3%	0.55%	+0.09
REGN Regeneron Pharmaceuticals	Add +0.7%	1.16%	+0.09
EFG iShares MSCI Eafe Growth ETF	Add +52.4%	0.25%	+0.08
SNPS Synopsys Inc.	Add +2.6%	1.21%	+0.06
TDG Transdigm Group Inc.	Add +1.8%	1.12%	+0.04
MCHP Microchip Technology Inc.	Add +7.2%	0.45%	+0.03
GOOGL Alphabet Inc. Class A	Add +0.1%	0.19%	+0.03
BSCP Invesco Bulletshares 2025 CB	Add +9.7%	0.39%	+0.03
BSCQ Invesco Bulletshares 2026 CB	Add +8.6%	0.39%	+0.02
SHV iShares 0-1 Year Treasury Bo	Add +4.5%	0.83%	+0.02
BSCR Invesco Bulletshares 2027 CB	Add +7.6%	0.39%	+0.02
ODFL Old Dominion Freight Line	Add +29.4%	0.63%	+0.02
HES Hess Corp.	Add +8.9%	0.42%	+0.02
PNQI Invesco Nasdaq Internet ETF	Add +5.0%	0.21%	+0.01
BSCS Invesco Bulletshares 2028 CB	Add +4.5%	0.56%	+0.01
ROST Ross Stores Inc.	Add +4.7%	0.48%	+0.01
ARCC Ares Capital Corp.	Add +4.7%	0.32%	+0.01
HUBS HubSpot Inc.	Add +9.5%	0.62%	+0.01
FLOT iShares Floating Rate Bond E	Add +3.6%	0.41%	+0.01
BSCT Invesco Bulletshares 2029 CB	Add +3.8%	0.55%	+0.01
SHYG iShares 0-5 YR HY Corp. Bond	Add +3.0%	0.83%	+0.01
PFE Pfizer Inc.	Add +2.4%	0.23%	+0.00
PXJ Invesco Oil & Gas Services E	Add +2.6%	0.21%	+0.00
PPA Invesco Aerospace & Defense	Add +1.6%	0.23%	+0.00
SMLF iShares US Smallcap Equity F	Add +7.5%	0.13%	+0.00
ROP Roper Technologies Inc.	Add +1.1%	0.59%	+0.00
VZ Verizon Communications Inc.	Add +2.6%	0.43%	−0.00
MRVL Marvell Technology Inc.	Add +2.2%	0.43%	−0.00
PHO Invesco Water Resources ETF	Add +2.6%	0.22%	−0.00
CVX Chevron Corp.	Add +0.4%	0.23%	−0.00
LIN Linde PLC	Add +1.7%	0.14%	−0.01

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	132	$341.5M	ARWR, EFSC, INTC, STX, LRCX
Q1 2026	127	$255.5M	ARWR, EFSC, WFC, INTC, GE
Q4 2025	113	$252.1M	ARWR, EFSC, WFC, AMD, GE
Q3 2025	120	$229.8M	EFSC, ARWR, WFC, PLTR, NFLX
Q2 2025	122	$186.6M	EFSC, ARWR, WFC, NFLX, PLTR
Q1 2025	121	$172.1M	EFSC, ARWR, WFC, NFLX, META
Q4 2024	127	$182.0M	EFSC, ARWR, WFC, NFLX, META
Q3 2024	120	$176.2M	EFSC, ARWR, WFC, META, NFLX
Q2 2024	116	$165.6M	EFSC, ARWR, WFC, NVDA, GOVT
Q1 2024	114	$163.2M	EFSC, ARWR, WFC, GOVT, NVDA