Western Financial Corp

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

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), Western Financial Corp reported 127 stock positions worth $182.0 million. Its top holding was Enterprise Financial Service (EFSC) at 18.1% of the portfolio, followed by Arrowhead Pharmaceuticals (ARWR, 8.5%) and Wells Fargo (WFC, 3.7%). Compared with Q3 2024, it opened 18 new positions, sold out of 11, added to 54 and reduced 52. The biggest buy was a new position in Oracle (ORCL) and the biggest sale KLA (KLAC, shares −82%).

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0001954480
Portfolio Value: $182.0M (Q4 2024)
SEC Filing: 0001085146-25-000445 ↗ filed Jan 24, 2025

Holdings Value

Holdings 127 stocks · $182.0M


EFSC Enterprise Financial Service	18.14%	585,318	$33.0M	Reduce -4.8%
ARWR Arrowhead Pharmaceuticals Inc.	8.47%	820,239	$15.4M	No change
WFC Wells Fargo & Co.	3.71%	96,067	$6.7M	Add +1.1%
NFLX Netflix Inc.	2.72%	5,546	$4.9M	Reduce -4.7%
META Meta Platforms Inc. Class A	2.41%	7,480	$4.4M	Reduce -1.9%
TSLA Tesla Inc.	2.09%	9,426	$3.8M	Add +8.7%
NVDA Nvidia Corp.	1.53%	20,741	$2.8M	Reduce -15.5%
GE General Electric filed as GE AEROSPACE	1.42%	15,515	$2.6M	Add +6.8%
GOVT iShares US Treasury Bond ETF	1.37%	108,564	$2.5M	Add +7.9%
APO Apollo Global Management Inc.	1.34%	14,739	$2.4M	Reduce -9.8%
ORCL Oracle Corp.	1.34%	14,582	$2.4M	New
PLTR Palantir Technologies Inc. Class A	1.31%	31,566	$2.4M	Reduce -8.9%
ANET Arista Networks Inc.	1.31%	21,520	$2.4M	Reduce -9.2%
AVGO Broadcom Inc.	1.31%	10,250	$2.4M	Reduce -8.8%
COST Costco Wholesale Corp.	1.28%	2,543	$2.3M	Add +9.2%
CTAS Cintas Corp.	1.21%	12,016	$2.2M	Add +1.9%
HD Home Depot Inc.	1.15%	5,381	$2.1M	Reduce -0.8%
ORLY O'reilly Automotive Inc.	1.11%	1,703	$2.0M	Reduce -0.8%
CMG Chipotle Mexican Grill Inc.	1.07%	32,426	$2.0M	Reduce -1.2%
TDG Transdigm Group Inc.	1.05%	1,501	$1.9M	Add +0.6%
AZO AutoZone Inc.	1.04%	591	$1.9M	Add +0.7%
AXP American Express Co.	1.03%	6,330	$1.9M	Add +6.5%
GS Goldman Sachs Group Inc.	1.03%	3,260	$1.9M	Add +20.2%
LLY Eli Lilly & Co.	0.98%	2,299	$1.8M	Reduce -41.2%
SPG Simon Property Group Inc.	0.97%	10,237	$1.8M	Add +10.7%
MMM 3M Co.	0.93%	13,047	$1.7M	Add +28.9%
UBER Uber Technologies Inc.	0.92%	27,799	$1.7M	Add +9.4%
TLT iShares 20+ Year Treasury BD	0.88%	18,376	$1.6M	Add +15.2%
RCL Royal Caribbean Cruises Ltd.	0.87%	6,890	$1.6M	Reduce -4.8%
SHYG iShares 0-5 YR HY Corp. Bond	0.85%	36,360	$1.5M	Add +8.9%
SHV iShares 0-1 Year Treasury Bo	0.83%	13,744	$1.5M	Add +8.6%
ISRG Intuitive Surgical Inc.	0.80%	2,801	$1.5M	Add +9.1%
CRWD CrowdStrike Holdings Inc. Class A	0.75%	3,987	$1.4M	Reduce -2.8%
DASH DoorDash Inc. Class A	0.74%	8,067	$1.4M	Reduce -3.0%
NET Cloudflare Inc. Class A	0.71%	12,046	$1.3M	Reduce -0.8%
FICO Fair Isaac Corp.	0.71%	651	$1.3M	Reduce -0.9%
GDDY GoDaddy Inc. Class A	0.67%	6,203	$1.2M	Reduce -0.5%
MAR Marriott International Class A	0.67%	4,353	$1.2M	Reduce -0.4%
HLT Hilton Worldwide Holdings Inc.	0.67%	4,907	$1.2M	Reduce -0.8%
PWR Quanta Services Inc.	0.67%	3,835	$1.2M	Reduce -0.3%
CPRT Copart Inc.	0.65%	20,499	$1.2M	Add +0.4%
PAYX Paychex Inc.	0.61%	7,926	$1.1M	Add +0.1%
IT Gartner Inc.	0.60%	2,259	$1.1M	Add +1.0%
AAPL Apple Inc.	0.60%	4,331	$1.1M	Add +0.0%
BSCS Invesco Bulletshares 2028 CB	0.58%	52,226	$1.1M	Add +10.5%
BSCT Invesco Bulletshares 2029 CB	0.56%	55,329	$1.0M	Add +10.2%
CDNS Cadence Design SYS Inc.	0.52%	3,149	$946K	Reduce -49.5%
ROP Roper Technologies Inc.	0.52%	1,809	$940K	Add +3.2%
MA Mastercard Inc. Class A	0.50%	1,731	$911K	Add +201.6%
MCK McKesson Corp.	0.50%	1,595	$909K	Add +4.3%
APH Amphenol Corp. Class A	0.49%	12,922	$897K	Add +7.7%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.49%	19,747	$893K	Reduce -24.6%
PANW Palo Alto Networks Inc.	0.49%	4,876	$887K	Reduce -4.3%
ETN Eaton Corp. PLC	0.47%	2,601	$863K	Reduce -5.7%
BANC Banc of California Inc.	0.47%	55,242	$854K	Add +0.1%
TT Trane Technologies PLC	0.47%	2,297	$848K	Reduce -2.3%
SCHZ Schwab US Aggregate Bond ETF	0.46%	37,048	$841K	Reduce -17.0%
BSCQ Invesco Bulletshares 2026 CB	0.46%	42,632	$828K	Add +15.8%
ROST Ross Stores Inc.	0.45%	5,459	$826K	Reduce -0.2%
BSCP Invesco Bulletshares 2025 CB	0.45%	39,754	$821K	Add +12.6%
PH Parker Hannifin Corp.	0.45%	1,290	$821K	Reduce -2.9%
BSCR Invesco Bulletshares 2027 CB	0.45%	41,716	$813K	Add +14.9%
SPYM Ste STR SPDR PT S&P 500 ETF	0.43%	11,257	$776K	Reduce -40.2%
FLOT iShares Floating Rate Bond E	0.42%	15,038	$765K	Add +10.6%
QCOM Qualcomm Inc.	0.42%	4,941	$759K	Reduce -16.4%
PGR Progressive Corp.	0.41%	3,139	$752K	Add +14.7%
FALN iShares Fallen Angels ETF	0.41%	28,043	$749K	Add +8.8%
BSX Boston Scientific Corp.	0.41%	8,291	$741K	New
CI The Cigna Group	0.40%	2,643	$730K	Add +14.4%
SNPS Synopsys Inc.	0.40%	1,495	$726K	Reduce -56.8%
DHI D.R. Horton Inc.	0.39%	5,088	$711K	Add +12.5%
VZ Verizon Communications Inc.	0.39%	17,744	$710K	Add +1.4%
PSX Phillips 66	0.38%	6,143	$700K	Add +4.4%
NOW ServiceNow Inc.	0.37%	642	$681K	New
FISV Fiserv Inc.	0.36%	3,154	$648K	New
BX Blackstone Inc.	0.34%	3,612	$623K	New
REGN Regeneron Pharmaceuticals	0.34%	870	$620K	Reduce -48.9%
AMZN Amazon.com Inc.	0.34%	2,784	$611K	Reduce -16.3%
VUG Vanguard Mrngstar GR ETF-Sui	0.33%	1,453	$597K	New
ARES Ares Management Corp. Class A	0.33%	3,368	$596K	New
MSFT Microsoft Corp.	0.33%	1,410	$594K	Add +16.3%
LRCX Lam Research Corp.	0.32%	8,046	$581K	Reduce -29.4%
ARCC Ares Capital Corp.	0.32%	26,387	$578K	Add +2.2%
JPM JPMorgan Chase & Co.	0.31%	2,337	$560K	Add +17.5%
TPL Texas Pacific Land Corp.	0.30%	501	$554K	New
TEAM Atlassian Corp. Class A	0.30%	2,207	$537K	New
APP AppLovin Corp. Class A	0.29%	1,644	$532K	New
CEG Constellation Energy	0.28%	2,297	$514K	New
Z Zillow Group Inc. Class C	0.27%	6,715	$497K	New
MBB iShares MBS ETF	0.27%	5,384	$494K	Reduce -21.8%
USB US Bancorp	0.27%	10,259	$491K	Add +19.3%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.26%	4,030	$474K	New
COIN Coinbase Global Inc. Class A	0.25%	1,847	$459K	New
CAT Caterpillar Inc.	0.24%	1,194	$433K	Add +18.2%
GOOG Alphabet Inc. Class C	0.24%	2,254	$429K	Add +24.8%
V Visa Inc. Class A	0.23%	1,340	$423K	Add +27.4%
PTF Invesco Dorsey Wright Tech	0.23%	5,802	$421K	Reduce -7.6%
PPA Invesco Aerospace & Defense	0.22%	3,451	$396K	Reduce -2.1%
PNQI Invesco Nasdaq Internet ETF	0.21%	8,350	$390K	Reduce -3.1%
COF Capital One Financial Corp.	0.21%	2,183	$389K	Add +22.8%
PKB Invesco Building & Construct	0.21%	5,046	$382K	Reduce -1.2%
KBWP Invesco KBW Property & Casua	0.20%	3,180	$369K	New
PFE Pfizer Inc.	0.20%	13,754	$365K	Add +0.9%
PRN Invesco Dorsey Wright Indus	0.20%	2,366	$364K	Reduce -0.8%
IVW iShares S&P 500 Growth ETF	0.20%	3,577	$363K	Reduce -39.1%
BKNG Booking Holdings Inc.	0.20%	73	$363K	Reduce -32.4%
KLAC KLA Corp.	0.20%	575	$362K	Reduce -82.0%
PHO Invesco Water Resources ETF	0.20%	5,468	$360K	Add +1.8%
PPBI Pacific Premier Bancorp Inc.	0.20%	14,330	$357K	Add +0.1%
CVX Chevron Corp.	0.19%	2,439	$353K	Add +0.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.19%	4,454	$342K	New
BRK.B Berkshire Hathaway Inc. Class B	0.19%	749	$340K	Add +29.4%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.18%	6,347	$325K	Reduce -33.7%
BINC iShares Flex I A ETF-Usd Inc.	0.18%	6,144	$320K	Reduce -23.3%
PGF Invesco Financial Preferred	0.17%	21,787	$317K	Add +70.8%
QUAL iShares MSCI USA Quality Fac	0.17%	1,769	$315K	Reduce -2.6%
LIN Linde PLC	0.17%	748	$313K	Add +39.0%
EFV iShares MSCI Eafe Value ETF	0.14%	4,971	$261K	Reduce -34.0%
EFG iShares MSCI Eafe Growth ETF	0.14%	2,622	$254K	Reduce -31.7%
GOOGL Alphabet Inc. Class A	0.14%	1,338	$253K	No change
SMLF iShares US Smallcap Equity F	0.13%	3,569	$241K	Add +2.3%
SHOP Shopify Inc. Class A	0.13%	2,248	$239K	New
VBK Van Morst SML-Cap Gro-Usd Inc.	0.13%	843	$236K	Reduce -2.2%
PRFZ Inv Rafi US 1500 SM-Usd Inc.	0.13%	5,597	$233K	Reduce -0.1%
FNDA Schwab Fndmntl US SM Co. ETF	0.13%	7,708	$229K	Reduce -0.2%
IJR iShares Core S&P Small-Cap E	0.12%	1,952	$225K	No change
BDJ BlackRock Enhanced Eqty DVD	0.07%	15,111	$125K	New

Portfolio Sells Q3 2024 → Q4 2024


KLAC KLA Corp.	Reduce -82.0%	0.20%	−1.20
LLY Eli Lilly & Co.	Reduce -41.2%	0.98%	−0.99
ADBE Adobe Inc.	Sold out	0.00%	−0.97
FSLR First Solar Inc.	Sold out	0.00%	−0.69
REGN Regeneron Pharmaceuticals	Reduce -48.9%	0.34%	−0.68
MPWR Monolithic Power Systems Inc.	Sold out	0.00%	−0.61
SNPS Synopsys Inc.	Reduce -56.8%	0.40%	−0.59
MPC Marathon Petroleum Corp.	Sold out	0.00%	−0.47
MRK Merck & Co. Inc.	Sold out	0.00%	−0.44
CDNS Cadence Design SYS Inc.	Reduce -49.5%	0.52%	−0.44
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -40.2%	0.43%	−0.30
VRTX Vertex Pharmaceuticals Inc.	Sold out	0.00%	−0.23
PSI Invesco Semiconductors ETF	Sold out	0.00%	−0.22
PG The Procter & Gamble Co.	Sold out	0.00%	−0.21
IUSB Ishr CR Unvrse Usd BD ETF-Ui	Reduce -24.6%	0.49%	−0.21
LRCX Lam Research Corp.	Reduce -29.4%	0.32%	−0.21
IVE iShares S&P 500 Value ETF	Sold out	0.00%	−0.16
NVDA Nvidia Corp.	Reduce -15.5%	1.53%	−0.16
QCOM Qualcomm Inc.	Reduce -16.4%	0.42%	−0.15
SCHZ Schwab US Aggregate Bond ETF	Reduce -17.0%	0.46%	−0.14
EMXC iShares MSCI Emr MRK Ex Chna	Sold out	0.00%	−0.12
GIGB Goldman Sachs Inv GRD Corp.	Sold out	0.00%	−0.12
IVW iShares S&P 500 Growth ETF	Reduce -39.1%	0.20%	−0.12
MBB iShares MBS ETF	Reduce -21.8%	0.27%	−0.10
EFV iShares MSCI Eafe Value ETF	Reduce -34.0%	0.14%	−0.10
HD Home Depot Inc.	Reduce -0.8%	1.15%	−0.10
EFG iShares MSCI Eafe Growth ETF	Reduce -31.7%	0.14%	−0.10
DYNF Ishrs US E F R A ETF-Usd Inc.	Reduce -33.7%	0.18%	−0.09
META Meta Platforms Inc. Class A	Reduce -1.9%	2.41%	−0.07
BINC iShares Flex I A ETF-Usd Inc.	Reduce -23.3%	0.18%	−0.07
BKNG Booking Holdings Inc.	Reduce -32.4%	0.20%	−0.06
TT Trane Technologies PLC	Reduce -2.3%	0.47%	−0.05
ETN Eaton Corp. PLC	Reduce -5.7%	0.47%	−0.04
PH Parker Hannifin Corp.	Reduce -2.9%	0.45%	−0.03
PKB Invesco Building & Construct	Reduce -1.2%	0.21%	−0.02
AMZN Amazon.com Inc.	Reduce -16.3%	0.34%	−0.02
ROST Ross Stores Inc.	Reduce -0.2%	0.45%	−0.01
FICO Fair Isaac Corp.	Reduce -0.9%	0.71%	−0.01
PPA Invesco Aerospace & Defense	Reduce -2.1%	0.22%	−0.01
ORLY O'reilly Automotive Inc.	Reduce -0.8%	1.11%	−0.01
QUAL iShares MSCI USA Quality Fac	Reduce -2.6%	0.17%	−0.01
PRN Invesco Dorsey Wright Indus	Reduce -0.8%	0.20%	−0.01
PANW Palo Alto Networks Inc.	Reduce -4.3%	0.49%	−0.01
FNDA Schwab Fndmntl US SM Co. ETF	Reduce -0.2%	0.13%	−0.00
PRFZ Inv Rafi US 1500 SM-Usd Inc.	Reduce -0.1%	0.13%	−0.00
VBK Van Morst SML-Cap Gro-Usd Inc.	Reduce -2.2%	0.13%	−0.00
CMG Chipotle Mexican Grill Inc.	Reduce -1.2%	1.07%	+0.00
PNQI Invesco Nasdaq Internet ETF	Reduce -3.1%	0.21%	+0.00
PTF Invesco Dorsey Wright Tech	Reduce -7.6%	0.23%	+0.01
PWR Quanta Services Inc.	Reduce -0.3%	0.67%	+0.02

Portfolio Buys Q3 2024 → Q4 2024


ORCL Oracle Corp.	New	1.34%	+1.34
TSLA Tesla Inc.	Add +8.7%	2.09%	+0.80
WFC Wells Fargo & Co.	Add +1.1%	3.71%	+0.66
BSX Boston Scientific Corp.	New	0.41%	+0.41
NOW ServiceNow Inc.	New	0.37%	+0.37
FISV Fiserv Inc.	New	0.36%	+0.36
BX Blackstone Inc.	New	0.34%	+0.34
MA Mastercard Inc. Class A	Add +201.6%	0.50%	+0.34
VUG Vanguard Mrngstar GR ETF-Sui	New	0.33%	+0.33
ARES Ares Management Corp. Class A	New	0.33%	+0.33
TPL Texas Pacific Land Corp.	New	0.30%	+0.30
TEAM Atlassian Corp. Class A	New	0.30%	+0.30
APP AppLovin Corp. Class A	New	0.29%	+0.29
CEG Constellation Energy	New	0.28%	+0.28
Z Zillow Group Inc. Class C	New	0.27%	+0.27
GS Goldman Sachs Group Inc.	Add +20.2%	1.03%	+0.26
TTD Trade Desk Inc./the Class A	New	0.26%	+0.26
COIN Coinbase Global Inc. Class A	New	0.25%	+0.25
KBWP Invesco KBW Property & Casua	New	0.20%	+0.20
BNY Bank of New York Mellon Corp.	New	0.19%	+0.19
MMM 3M Co.	Add +28.9%	0.93%	+0.14
SHOP Shopify Inc. Class A	New	0.13%	+0.13
AXP American Express Co.	Add +6.5%	1.03%	+0.12
COST Costco Wholesale Corp.	Add +9.2%	1.28%	+0.11
ISRG Intuitive Surgical Inc.	Add +9.1%	0.80%	+0.09
SPG Simon Property Group Inc.	Add +10.7%	0.97%	+0.08
MCK McKesson Corp.	Add +4.3%	0.50%	+0.07
JPM JPMorgan Chase & Co.	Add +17.5%	0.31%	+0.07
BDJ BlackRock Enhanced Eqty DVD	New	0.07%	+0.07
V Visa Inc. Class A	Add +27.4%	0.23%	+0.07
GOOG Alphabet Inc. Class C	Add +24.8%	0.24%	+0.06
COF Capital One Financial Corp.	Add +22.8%	0.21%	+0.06
PGF Invesco Financial Preferred	Add +70.8%	0.17%	+0.06
APH Amphenol Corp. Class A	Add +7.7%	0.49%	+0.05
BSCQ Invesco Bulletshares 2026 CB	Add +15.8%	0.46%	+0.05
USB US Bancorp	Add +19.3%	0.27%	+0.05
BSCR Invesco Bulletshares 2027 CB	Add +14.9%	0.45%	+0.04
CPRT Copart Inc.	Add +0.4%	0.65%	+0.04
SHV iShares 0-1 Year Treasury Bo	Add +8.6%	0.83%	+0.04
BSCP Invesco Bulletshares 2025 CB	Add +12.6%	0.45%	+0.04
BRK.B Berkshire Hathaway Inc. Class B	Add +29.4%	0.19%	+0.04
GOVT iShares US Treasury Bond ETF	Add +7.9%	1.37%	+0.03
MSFT Microsoft Corp.	Add +16.3%	0.33%	+0.03
SHYG iShares 0-5 YR HY Corp. Bond	Add +8.9%	0.85%	+0.03
FLOT iShares Floating Rate Bond E	Add +10.6%	0.42%	+0.03
LIN Linde PLC	Add +39.0%	0.17%	+0.03
BSCS Invesco Bulletshares 2028 CB	Add +10.5%	0.58%	+0.03
AAPL Apple Inc.	Add +0.0%	0.60%	+0.02
BSCT Invesco Bulletshares 2029 CB	Add +10.2%	0.56%	+0.02
PGR Progressive Corp.	Add +14.7%	0.41%	+0.02

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