Western Financial Corp

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Western Financial Corp reported 121 stock positions worth $172.1 million. Its top holding was Enterprise Financial Service (EFSC) at 18.2% of the portfolio, followed by Arrowhead Pharmaceuticals (ARWR, 6.1%) and Wells Fargo (WFC, 4.0%). Compared with Q4 2024, it opened 13 new positions, sold out of 19, added to 53 and reduced 52. The biggest buy was a new position in Walmart (WMT) and the biggest sale Tesla (TSLA, shares −30%).

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0001954480
Portfolio Value: $172.1M (Q1 2025)
SEC Filing: 0001085146-25-002289 ↗ filed Apr 23, 2025

Holdings Value

Holdings 121 stocks · $172.1M


EFSC Enterprise Financial Service	18.25%	584,490	$31.4M	Reduce -0.1%
ARWR Arrowhead Pharmaceuticals Inc.	6.07%	820,239	$10.4M	No change
WFC Wells Fargo & Co.	4.01%	96,212	$6.9M	Add +0.1%
NFLX Netflix Inc.	2.85%	5,259	$4.9M	Reduce -5.2%
META Meta Platforms Inc. Class A	2.68%	7,990	$4.6M	Add +6.8%
GE General Electric filed as GE AEROSPACE	1.70%	14,635	$2.9M	Reduce -5.7%
COST Costco Wholesale Corp.	1.69%	3,072	$2.9M	Add +20.8%
CTAS Cintas Corp.	1.60%	13,417	$2.8M	Add +11.7%
PLTR Palantir Technologies Inc. Class A	1.47%	29,911	$2.5M	Reduce -5.2%
GOVT iShares US Treasury Bond ETF	1.34%	100,496	$2.3M	Reduce -7.4%
APP AppLovin Corp. Class A	1.25%	8,141	$2.2M	Add +395.2%
ORLY O'reilly Automotive Inc.	1.24%	1,492	$2.1M	Reduce -12.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	1.23%	25,267	$2.1M	Add +467.3%
AZO AutoZone Inc.	1.21%	548	$2.1M	Reduce -7.3%
WMT Walmart Inc.	1.21%	23,746	$2.1M	New
MMM 3M Co.	1.21%	14,139	$2.1M	Add +8.4%
TDG Transdigm Group Inc.	1.18%	1,464	$2.0M	Reduce -2.5%
AXP American Express Co.	1.17%	7,486	$2.0M	Add +18.3%
APO Apollo Global Management Inc.	1.14%	14,382	$2.0M	Reduce -2.4%
GS Goldman Sachs Group Inc.	1.14%	3,580	$2.0M	Add +9.8%
SPG Simon Property Group Inc.	1.12%	11,602	$1.9M	Add +13.3%
DASH DoorDash Inc. Class A	1.03%	9,733	$1.8M	Add +20.6%
AVGO Broadcom Inc.	1.03%	10,622	$1.8M	Add +3.6%
RCL Royal Caribbean Cruises Ltd.	1.03%	8,615	$1.8M	Add +25.0%
NVDA Nvidia Corp.	1.01%	16,049	$1.7M	Reduce -22.6%
TSLA Tesla Inc.	0.99%	6,591	$1.7M	Reduce -30.1%
CMG Chipotle Mexican Grill Inc.	0.93%	31,855	$1.6M	Reduce -1.8%
ANET Arista Networks Inc.	0.92%	20,509	$1.6M	Reduce -4.7%
MA Mastercard Inc. Class A	0.90%	2,839	$1.6M	Add +64.0%
ISRG Intuitive Surgical Inc.	0.87%	3,027	$1.5M	Add +8.1%
MRVL Marvell Technology Inc.	0.86%	24,017	$1.5M	New
SHYG iShares 0-5 YR HY Corp. Bond	0.84%	33,849	$1.4M	Reduce -6.9%
SHV iShares 0-1 Year Treasury Bo	0.82%	12,736	$1.4M	Reduce -7.3%
TLT iShares 20+ Year Treasury BD	0.81%	15,263	$1.4M	Reduce -16.9%
TEAM Atlassian Corp. Class A	0.79%	6,419	$1.4M	Add +190.8%
TRGP Targa Resources Corp.	0.70%	6,017	$1.2M	New
FICO Fair Isaac Corp.	0.70%	654	$1.2M	Add +0.5%
CPRT Copart Inc.	0.67%	20,512	$1.2M	Add +0.1%
LLY Eli Lilly & Co.	0.66%	1,383	$1.1M	Reduce -39.8%
CRWD CrowdStrike Holdings Inc. Class A	0.65%	3,180	$1.1M	Reduce -20.2%
GDDY GoDaddy Inc. Class A	0.65%	6,219	$1.1M	Add +0.3%
RBLX Roblox Corp. Class A	0.65%	19,119	$1.1M	New
HLT Hilton Worldwide Holdings Inc.	0.65%	4,882	$1.1M	Reduce -0.5%
GILD Gilead Sciences Inc.	0.64%	9,902	$1.1M	New
PAYX Paychex Inc.	0.64%	7,137	$1.1M	Reduce -9.9%
TPL Texas Pacific Land Corp.	0.62%	810	$1.1M	Add +61.7%
ARES Ares Management Corp. Class A	0.61%	7,187	$1.1M	Add +113.4%
PWR Quanta Services Inc.	0.61%	4,125	$1.0M	Add +7.6%
HWM Howmet Aerospace Inc.	0.60%	8,017	$1.0M	New
MAR Marriott International Class A	0.60%	4,355	$1.0M	Add +0.1%
BSCS Invesco Bulletshares 2028 CB	0.59%	49,522	$1.0M	Reduce -5.2%
IBKR Interactive Brokers Gro Class A	0.58%	6,002	$994K	New
ORCL Oracle Corp.	0.57%	6,985	$977K	Reduce -52.1%
BSCT Invesco Bulletshares 2029 CB	0.56%	52,373	$970K	Reduce -5.3%
NET Cloudflare Inc. Class A	0.56%	8,527	$961K	Reduce -29.2%
IT Gartner Inc.	0.55%	2,251	$945K	Reduce -0.3%
AAPL Apple Inc.	0.54%	4,219	$937K	Reduce -2.6%
SMCI Super Micro Computer Inc.	0.54%	27,037	$926K	New
HD Home Depot Inc.	0.54%	2,515	$922K	Reduce -53.3%
MCK McKesson Corp.	0.50%	1,289	$867K	Reduce -19.2%
BSCQ Invesco Bulletshares 2026 CB	0.48%	42,845	$835K	Add +0.5%
BSCP Invesco Bulletshares 2025 CB	0.48%	40,288	$833K	Add +1.3%
BSCR Invesco Bulletshares 2027 CB	0.48%	42,044	$824K	Add +0.8%
BSX Boston Scientific Corp.	0.48%	8,132	$820K	Reduce -1.9%
PGR Progressive Corp.	0.48%	2,897	$820K	Reduce -7.7%
VZ Verizon Communications Inc.	0.47%	18,013	$817K	Add +1.5%
APH Amphenol Corp. Class A	0.47%	12,413	$814K	Reduce -3.9%
BANC Banc of California Inc.	0.46%	55,295	$785K	Add +0.1%
SCHZ Schwab US Aggregate Bond ETF	0.46%	33,822	$783K	Reduce -8.7%
PANW Palo Alto Networks Inc.	0.45%	4,548	$776K	Reduce -6.7%
FISV Fiserv Inc.	0.44%	3,409	$753K	Add +8.1%
TT Trane Technologies PLC	0.43%	2,200	$741K	Reduce -4.2%
KKR KKR & Co. Inc.	0.43%	6,395	$739K	New
PH Parker Hannifin Corp.	0.43%	1,209	$735K	Reduce -6.3%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.42%	15,757	$726K	Reduce -20.2%
FLOT iShares Floating Rate Bond E	0.41%	13,974	$713K	Reduce -7.1%
QCOM Qualcomm Inc.	0.41%	4,600	$707K	Reduce -6.9%
FALN iShares Fallen Angels ETF	0.41%	26,193	$702K	Reduce -6.6%
SPYM Ste STR SPDR PT S&P 500 ETF	0.40%	10,437	$686K	Reduce -7.3%
ETN Eaton Corp. PLC	0.40%	2,501	$680K	Reduce -3.8%
JPM JPMorgan Chase & Co.	0.37%	2,604	$639K	Add +11.4%
BX Blackstone Inc.	0.36%	4,441	$621K	Add +22.9%
NOW ServiceNow Inc.	0.35%	764	$608K	Add +19.0%
ARCC Ares Capital Corp.	0.35%	26,961	$597K	Add +2.2%
AMZN Amazon.com Inc.	0.32%	2,923	$556K	Add +5.0%
V Visa Inc. Class A	0.29%	1,418	$497K	Add +5.8%
USB US Bancorp	0.27%	11,147	$471K	Add +8.7%
BRK.B Berkshire Hathaway Inc. Class B	0.25%	803	$428K	Add +7.2%
MBB iShares MBS ETF	0.24%	4,418	$414K	Reduce -17.9%
CVX Chevron Corp.	0.24%	2,448	$410K	Add +0.4%
COF Capital One Financial Corp.	0.24%	2,282	$409K	Add +4.5%
PPA Invesco Aerospace & Defense	0.23%	3,422	$399K	Reduce -0.8%
LIN Linde PLC	0.23%	840	$391K	Add +12.3%
BKNG Booking Holdings Inc.	0.22%	81	$374K	Add +11.0%
PNQI Invesco Nasdaq Internet ETF	0.21%	8,350	$368K	No change
TMUS T-Mobile US Inc.	0.21%	1,379	$368K	New
PTF Invesco Dorsey Wright Tech	0.21%	6,206	$366K	Add +7.0%
GOOG Alphabet Inc. Class C	0.21%	2,314	$362K	Add +2.7%
PEJ Invesco Leisure & Entertainm	0.21%	7,255	$353K	New
PHO Invesco Water Resources ETF	0.20%	5,469	$353K	Add +0.0%
PRN Invesco Dorsey Wright Indus	0.20%	2,472	$340K	Add +4.5%
GGME Invesco Next Gen Media and G	0.19%	6,723	$335K	Add +5.7%
PFE Pfizer Inc.	0.19%	12,899	$327K	Reduce -6.2%
PGF Invesco Financial Preferred	0.18%	21,961	$314K	Add +0.8%
IVW iShares S&P 500 Growth ETF	0.18%	3,344	$310K	Reduce -6.5%
QUAL iShares MSCI USA Quality Fac	0.17%	1,763	$301K	Reduce -0.3%
BINC iShares Flex I A ETF-Usd Inc.	0.17%	5,705	$299K	Reduce -7.2%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.17%	5,999	$293K	Reduce -5.5%
XTEN Bondbloxx BBG 10Y US TSY ETF	0.17%	6,185	$288K	New
IVE iShares S&P 500 Value ETF	0.13%	1,193	$227K	New
SMLF iShares US Smallcap Equity F	0.13%	3,571	$222K	Add +0.1%
PPBI Pacific Premier Bancorp Inc.	0.13%	10,363	$221K	Reduce -27.7%
EFV iShares MSCI Eafe Value ETF	0.12%	3,644	$215K	Reduce -26.7%
SHOP Shopify Inc. Class A	0.12%	2,245	$214K	Reduce -0.1%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.12%	843	$212K	No change
PRFZ Inv Rafi US 1500 SM-Usd Inc.	0.12%	5,598	$212K	Add +0.0%
FNDA Schwab Fndmntl US SM Co. ETF	0.12%	7,710	$211K	Add +0.0%
MSFT Microsoft Corp.	0.12%	552	$207K	Reduce -60.9%
GOOGL Alphabet Inc. Class A	0.12%	1,339	$207K	Add +0.1%
IJR iShares Core S&P Small-Cap E	0.12%	1,953	$204K	Add +0.1%
BDJ BlackRock Enhanced Eqty DVD	0.10%	20,470	$176K	Add +35.5%

Portfolio Sells Q4 2024 → Q1 2025


TSLA Tesla Inc.	Reduce -30.1%	0.99%	−1.10
UBER Uber Technologies Inc.	Sold out	0.00%	−0.92
ORCL Oracle Corp.	Reduce -52.1%	0.57%	−0.77
HD Home Depot Inc.	Reduce -53.3%	0.54%	−0.61
CDNS Cadence Design SYS Inc.	Sold out	0.00%	−0.52
NVDA Nvidia Corp.	Reduce -22.6%	1.01%	−0.52
ROP Roper Technologies Inc.	Sold out	0.00%	−0.52
ROST Ross Stores Inc.	Sold out	0.00%	−0.45
CI The Cigna Group	Sold out	0.00%	−0.40
SNPS Synopsys Inc.	Sold out	0.00%	−0.40
DHI D.R. Horton Inc.	Sold out	0.00%	−0.39
PSX Phillips 66	Sold out	0.00%	−0.38
ANET Arista Networks Inc.	Reduce -4.7%	0.92%	−0.38
REGN Regeneron Pharmaceuticals	Sold out	0.00%	−0.34
VUG Vanguard Mrngstar GR ETF-Sui	Sold out	0.00%	−0.33
LRCX Lam Research Corp.	Sold out	0.00%	−0.32
LLY Eli Lilly & Co.	Reduce -39.8%	0.66%	−0.31
CEG Constellation Energy	Sold out	0.00%	−0.28
Z Zillow Group Inc. Class C	Sold out	0.00%	−0.27
TTD Trade Desk Inc./the Class A	Sold out	0.00%	−0.26
COIN Coinbase Global Inc. Class A	Sold out	0.00%	−0.25
CAT Caterpillar Inc.	Sold out	0.00%	−0.24
PKB Invesco Building & Construct	Sold out	0.00%	−0.21
MSFT Microsoft Corp.	Reduce -60.9%	0.12%	−0.21
KLAC KLA Corp.	Sold out	0.00%	−0.20
APO Apollo Global Management Inc.	Reduce -2.4%	1.14%	−0.19
NET Cloudflare Inc. Class A	Reduce -29.2%	0.56%	−0.15
CMG Chipotle Mexican Grill Inc.	Reduce -1.8%	0.93%	−0.15
EFG iShares MSCI Eafe Growth ETF	Sold out	0.00%	−0.14
CRWD CrowdStrike Holdings Inc. Class A	Reduce -20.2%	0.65%	−0.10
ETN Eaton Corp. PLC	Reduce -3.8%	0.40%	−0.08
TLT iShares 20+ Year Treasury BD	Reduce -16.9%	0.81%	−0.07
IUSB Ishr CR Unvrse Usd BD ETF-Ui	Reduce -20.2%	0.42%	−0.07
PPBI Pacific Premier Bancorp Inc.	Reduce -27.7%	0.13%	−0.07
IT Gartner Inc.	Reduce -0.3%	0.55%	−0.05
AAPL Apple Inc.	Reduce -2.6%	0.54%	−0.05
PANW Palo Alto Networks Inc.	Reduce -6.7%	0.45%	−0.04
TT Trane Technologies PLC	Reduce -4.2%	0.43%	−0.04
MBB iShares MBS ETF	Reduce -17.9%	0.24%	−0.03
GOVT iShares US Treasury Bond ETF	Reduce -7.4%	1.34%	−0.03
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -7.3%	0.40%	−0.03
PH Parker Hannifin Corp.	Reduce -6.3%	0.43%	−0.02
HLT Hilton Worldwide Holdings Inc.	Reduce -0.5%	0.65%	−0.02
APH Amphenol Corp. Class A	Reduce -3.9%	0.47%	−0.02
IVW iShares S&P 500 Growth ETF	Reduce -6.5%	0.18%	−0.02
EFV iShares MSCI Eafe Value ETF	Reduce -26.7%	0.12%	−0.02
SHYG iShares 0-5 YR HY Corp. Bond	Reduce -6.9%	0.84%	−0.02
SHV iShares 0-1 Year Treasury Bo	Reduce -7.3%	0.82%	−0.01
PFE Pfizer Inc.	Reduce -6.2%	0.19%	−0.01
DYNF Ishrs US E F R A ETF-Usd Inc.	Reduce -5.5%	0.17%	−0.01

Portfolio Buys Q4 2024 → Q1 2025


WMT Walmart Inc.	New	1.21%	+1.21
BNY Bank of New York Mellon Corp.	Add +467.3%	1.23%	+1.04
APP AppLovin Corp. Class A	Add +395.2%	1.25%	+0.96
MRVL Marvell Technology Inc.	New	0.86%	+0.86
TRGP Targa Resources Corp.	New	0.70%	+0.70
RBLX Roblox Corp. Class A	New	0.65%	+0.65
GILD Gilead Sciences Inc.	New	0.64%	+0.64
HWM Howmet Aerospace Inc.	New	0.60%	+0.60
IBKR Interactive Brokers Gro Class A	New	0.58%	+0.58
SMCI Super Micro Computer Inc.	New	0.54%	+0.54
TEAM Atlassian Corp. Class A	Add +190.8%	0.79%	+0.50
KKR KKR & Co. Inc.	New	0.43%	+0.43
COST Costco Wholesale Corp.	Add +20.8%	1.69%	+0.41
MA Mastercard Inc. Class A	Add +64.0%	0.90%	+0.40
CTAS Cintas Corp.	Add +11.7%	1.60%	+0.40
TPL Texas Pacific Land Corp.	Add +61.7%	0.62%	+0.32
WFC Wells Fargo & Co.	Add +0.1%	4.01%	+0.31
DASH DoorDash Inc. Class A	Add +20.6%	1.03%	+0.29
ARES Ares Management Corp. Class A	Add +113.4%	0.61%	+0.28
MMM 3M Co.	Add +8.4%	1.21%	+0.28
META Meta Platforms Inc. Class A	Add +6.8%	2.68%	+0.27
TMUS T-Mobile US Inc.	New	0.21%	+0.21
PEJ Invesco Leisure & Entertainm	New	0.21%	+0.21
XTEN Bondbloxx BBG 10Y US TSY ETF	New	0.17%	+0.17
RCL Royal Caribbean Cruises Ltd.	Add +25.0%	1.03%	+0.15
SPG Simon Property Group Inc.	Add +13.3%	1.12%	+0.15
AXP American Express Co.	Add +18.3%	1.17%	+0.14
IVE iShares S&P 500 Value ETF	New	0.13%	+0.13
GS Goldman Sachs Group Inc.	Add +9.8%	1.14%	+0.11
VZ Verizon Communications Inc.	Add +1.5%	0.47%	+0.08
FISV Fiserv Inc.	Add +8.1%	0.44%	+0.08
ISRG Intuitive Surgical Inc.	Add +8.1%	0.87%	+0.07
JPM JPMorgan Chase & Co.	Add +11.4%	0.37%	+0.06
BRK.B Berkshire Hathaway Inc. Class B	Add +7.2%	0.25%	+0.06
V Visa Inc. Class A	Add +5.8%	0.29%	+0.06
LIN Linde PLC	Add +12.3%	0.23%	+0.06
CVX Chevron Corp.	Add +0.4%	0.24%	+0.04
BDJ BlackRock Enhanced Eqty DVD	Add +35.5%	0.10%	+0.03
BSCP Invesco Bulletshares 2025 CB	Add +1.3%	0.48%	+0.03
BSCR Invesco Bulletshares 2027 CB	Add +0.8%	0.48%	+0.03
BSCQ Invesco Bulletshares 2026 CB	Add +0.5%	0.48%	+0.03
ARCC Ares Capital Corp.	Add +2.2%	0.35%	+0.03
CPRT Copart Inc.	Add +0.1%	0.67%	+0.03
COF Capital One Financial Corp.	Add +4.5%	0.24%	+0.02
BX Blackstone Inc.	Add +22.9%	0.36%	+0.02
BKNG Booking Holdings Inc.	Add +11.0%	0.22%	+0.02
PGF Invesco Financial Preferred	Add +0.8%	0.18%	+0.01
PHO Invesco Water Resources ETF	Add +0.0%	0.20%	+0.01
USB US Bancorp	Add +8.7%	0.27%	+0.00
PRN Invesco Dorsey Wright Indus	Add +4.5%	0.20%	−0.00

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