Western Financial Corp

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

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Western Financial Corp reported 122 stock positions worth $186.6 million. Its top holding was Enterprise Financial Service (EFSC) at 15.8% of the portfolio, followed by Arrowhead Pharmaceuticals (ARWR, 6.9%) and Wells Fargo (WFC, 3.7%). Compared with Q1 2025, it opened 18 new positions, sold out of 17, added to 42 and reduced 58. The biggest buy was a new position in Strategy (MSTR) and the biggest sale Enterprise Financial Service (EFSC, shares −9%).

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0001954480
Portfolio Value: $186.6M (Q2 2025)
SEC Filing: 0001085146-25-003902 ↗ filed Jul 17, 2025

Holdings Value

Holdings 122 stocks · $186.6M


EFSC Enterprise Financial Service	15.79%	534,542	$29.5M	Reduce -8.6%
ARWR Arrowhead Pharmaceuticals Inc.	6.95%	820,239	$13.0M	No change
WFC Wells Fargo & Co.	3.71%	86,377	$6.9M	Reduce -10.2%
NFLX Netflix Inc.	3.26%	4,543	$6.1M	Reduce -13.6%
PLTR Palantir Technologies Inc. Class A	2.77%	37,882	$5.2M	Add +26.6%
GE General Electric filed as GE AEROSPACE	2.55%	18,482	$4.8M	Add +26.3%
CTAS Cintas Corp.	1.59%	13,352	$3.0M	Reduce -0.5%
COST Costco Wholesale Corp.	1.59%	3,003	$3.0M	Reduce -2.3%
MSTR Strategy Inc. filed as MICROSTRATEGY INC	1.54%	7,116	$2.9M	New
META Meta Platforms Inc. Class A	1.48%	3,733	$2.8M	Reduce -53.3%
RCL Royal Caribbean Cruises Ltd.	1.45%	8,628	$2.7M	Add +0.1%
GS Goldman Sachs Group Inc.	1.36%	3,597	$2.5M	Add +0.5%
DASH DoorDash Inc. Class A	1.31%	9,904	$2.4M	Add +1.8%
AXP American Express Co.	1.30%	7,576	$2.4M	Add +1.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	1.25%	25,616	$2.3M	Add +1.4%
TMUS T-Mobile US Inc.	1.23%	9,611	$2.3M	Add +597.0%
GOVT iShares US Treasury Bond ETF	1.22%	99,298	$2.3M	Reduce -1.2%
WMT Walmart Inc.	1.21%	23,069	$2.3M	Reduce -2.9%
CRWD CrowdStrike Holdings Inc. Class A	1.20%	4,408	$2.2M	Add +38.6%
MMM 3M Co.	1.19%	14,610	$2.2M	Add +3.3%
TDG Transdigm Group Inc.	1.19%	1,455	$2.2M	Reduce -0.6%
PM Philip Morris International	1.16%	11,909	$2.2M	New
APO Apollo Global Management Inc.	1.09%	14,350	$2.0M	Reduce -0.2%
ORLY O'reilly Automotive Inc.	1.07%	22,157	$2.0M	Reduce -1.0%
AZO AutoZone Inc.	1.07%	538	$2.0M	Reduce -1.8%
FTNT Fortinet Inc.	1.06%	18,734	$2.0M	New
TSLA Tesla Inc.	1.02%	5,973	$1.9M	Reduce -9.4%
BSX Boston Scientific Corp.	1.01%	17,597	$1.9M	Add +116.4%
WELL Welltower Inc.	0.96%	11,674	$1.8M	New
NET Cloudflare Inc. Class A	0.88%	8,377	$1.6M	Reduce -1.8%
ISRG Intuitive Surgical Inc.	0.88%	3,006	$1.6M	Reduce -0.7%
MA Mastercard Inc. Class A	0.86%	2,863	$1.6M	Add +0.8%
SHYG iShares 0-5 YR HY Corp. Bond	0.79%	34,010	$1.5M	Add +0.5%
RBLX Roblox Corp. Class A	0.78%	13,915	$1.5M	Reduce -27.2%
SHV iShares 0-1 Year Treasury Bo	0.76%	12,776	$1.4M	Add +0.3%
TLT iShares 20+ Year Treasury BD	0.75%	15,860	$1.4M	Add +3.9%
HWM Howmet Aerospace Inc.	0.75%	7,499	$1.4M	Reduce -6.5%
PWR Quanta Services Inc.	0.73%	3,625	$1.4M	Reduce -12.1%
IBKR Interactive Brokers Gro Class A	0.72%	24,398	$1.4M	Add +1.6%
HLT Hilton Worldwide Holdings Inc.	0.70%	4,870	$1.3M	Reduce -0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.67%	4,243	$1.3M	New
COF Capital One Financial Corp.	0.66%	5,791	$1.2M	Add +153.8%
MAR Marriott International Class A	0.65%	4,453	$1.2M	Add +2.3%
GEV GE Vernova Inc.	0.65%	2,276	$1.2M	New
ARES Ares Management Corp. Class A	0.64%	6,897	$1.2M	Reduce -4.0%
GDDY GoDaddy Inc. Class A	0.62%	6,382	$1.1M	Add +2.6%
AVGO Broadcom Inc.	0.61%	4,128	$1.1M	Reduce -61.1%
TRGP Targa Resources Corp.	0.57%	6,158	$1.1M	Add +2.3%
PODD Insulet Corp.	0.57%	3,387	$1.1M	New
PAYX Paychex Inc.	0.56%	7,156	$1.0M	Add +0.3%
CPRT Copart Inc.	0.56%	21,167	$1.0M	Add +3.2%
TPL Texas Pacific Land Corp.	0.55%	975	$1.0M	Add +20.4%
EQT Eqt Corp.	0.54%	17,195	$1.0M	New
BSCS Invesco Bulletshares 2028 CB	0.54%	48,850	$1.0M	Reduce -1.4%
BSCT Invesco Bulletshares 2029 CB	0.51%	51,160	$957K	Reduce -2.3%
APH Amphenol Corp. Class A	0.50%	9,366	$925K	Reduce -24.6%
PANW Palo Alto Networks Inc.	0.49%	4,505	$922K	Reduce -0.9%
ORCL Oracle Corp.	0.49%	4,206	$920K	Reduce -39.8%
HD Home Depot Inc.	0.48%	2,459	$902K	Reduce -2.2%
MCK McKesson Corp.	0.47%	1,203	$882K	Reduce -6.7%
TTWO Take-Two Interactive Softwre	0.47%	3,591	$872K	New
BSCQ Invesco Bulletshares 2026 CB	0.46%	43,564	$850K	Add +1.7%
BSCP Invesco Bulletshares 2025 CB	0.45%	40,876	$845K	Add +1.5%
AAPL Apple Inc.	0.45%	4,119	$845K	Reduce -2.4%
KKR KKR & Co. Inc.	0.45%	6,350	$845K	Reduce -0.7%
BSCR Invesco Bulletshares 2027 CB	0.45%	42,859	$842K	Add +1.9%
VZ Verizon Communications Inc.	0.42%	18,264	$790K	Add +1.4%
TT Trane Technologies PLC	0.41%	1,754	$767K	Reduce -20.3%
JPM JPMorgan Chase & Co.	0.41%	2,642	$766K	Add +1.5%
PH Parker Hannifin Corp.	0.41%	1,093	$764K	Reduce -9.6%
NOW ServiceNow Inc.	0.40%	730	$750K	Reduce -4.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.40%	2,623	$748K	New
AXON Axon Enterprise Inc.	0.40%	892	$739K	New
PGR Progressive Corp.	0.39%	2,732	$729K	Reduce -5.7%
FALN iShares Fallen Angels ETF	0.38%	25,983	$705K	Reduce -0.8%
WMB Williams Cos Inc.	0.38%	11,203	$704K	New
FLOT iShares Floating Rate Bond E	0.38%	13,771	$703K	Reduce -1.4%
BX Blackstone Inc.	0.37%	4,670	$699K	Add +5.2%
BANC Banc of California Inc.	0.37%	48,785	$685K	Reduce -11.8%
FISV Fiserv Inc.	0.36%	3,868	$667K	Add +13.5%
AMZN Amazon.com Inc.	0.35%	3,006	$659K	Add +2.8%
SCHZ Schwab US Aggregate Bond ETF	0.34%	27,270	$634K	Reduce -19.4%
TEAM Atlassian Corp. Class A	0.33%	3,021	$614K	Reduce -52.9%
ARCC Ares Capital Corp.	0.32%	27,548	$605K	Add +2.2%
APP AppLovin Corp. Class A	0.32%	1,706	$597K	Reduce -79.0%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.29%	11,797	$545K	Reduce -25.1%
GILD Gilead Sciences Inc.	0.28%	4,655	$516K	Reduce -53.0%
V Visa Inc. Class A	0.27%	1,444	$513K	Add +1.8%
T AT&T Inc.	0.26%	16,511	$478K	New
XTEN Bondbloxx BBG 10Y US TSY ETF	0.26%	10,335	$477K	Add +67.1%
BKNG Booking Holdings Inc.	0.25%	81	$470K	No change
GOOG Alphabet Inc. Class C	0.23%	2,427	$430K	Add +4.9%
MBB iShares MBS ETF	0.22%	4,390	$412K	Reduce -0.6%
LIN Linde PLC	0.22%	877	$411K	Add +4.4%
BRK.B Berkshire Hathaway Inc. Class B	0.22%	835	$406K	Add +4.0%
SPG Simon Property Group Inc.	0.22%	2,523	$406K	Reduce -78.3%
PPA Invesco Aerospace & Defense	0.20%	2,625	$372K	Reduce -23.3%
SPYM Ste STR SPDR PT S&P 500 ETF	0.19%	4,881	$355K	Reduce -53.2%
CVX Chevron Corp.	0.19%	2,458	$352K	Add +0.4%
PNQI Invesco Nasdaq Internet ETF	0.18%	6,589	$344K	Reduce -21.1%
PEJ Invesco Leisure & Entertainm	0.18%	6,018	$342K	Reduce -17.1%
GGME Invesco Next Gen Media and G	0.18%	5,494	$337K	Reduce -18.3%
QUAL iShares MSCI USA Quality Fac	0.18%	1,796	$328K	Add +1.9%
EFV iShares MSCI Eafe Value ETF	0.17%	5,142	$326K	Add +41.1%
IVW iShares S&P 500 Growth ETF	0.17%	2,951	$325K	Reduce -11.8%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.17%	5,853	$319K	Reduce -2.4%
PFE Pfizer Inc.	0.17%	13,038	$316K	Add +1.1%
PRN Invesco Dorsey Wright Indus	0.17%	1,997	$314K	Reduce -19.2%
PGF Invesco Financial Preferred	0.17%	21,960	$310K	Reduce 0.0%
PHO Invesco Water Resources ETF	0.17%	4,414	$309K	Reduce -19.3%
BINC iShares Flex I A ETF-Usd Inc.	0.16%	5,644	$298K	Reduce -1.1%
KBWP Invesco KBW Property & Casua	0.16%	2,362	$290K	New
MSFT Microsoft Corp.	0.15%	552	$275K	No change
SHOP Shopify Inc. Class A	0.14%	2,241	$258K	Reduce -0.2%
LLY Eli Lilly & Co.	0.13%	311	$242K	Reduce -77.5%
GOOGL Alphabet Inc. Class A	0.13%	1,339	$236K	No change
IVE iShares S&P 500 Value ETF	0.12%	1,192	$233K	Reduce -0.1%
IAGG iShares Intl Aggregate Bond	0.12%	4,495	$230K	New
IEMG iShares Core MSCI Emerging	0.11%	3,471	$208K	New
BDJ BlackRock Enhanced Eqty DVD	0.11%	22,962	$204K	Add +12.2%
SAN Banco Santander SA-Spon ADR	0.04%	10,080	$84K	New
MFG Mizuho Financial Group-ADR	0.04%	13,788	$77K	New

Portfolio Sells Q1 2025 → Q2 2025


EFSC Enterprise Financial Service	Reduce -8.6%	15.79%	−2.46
META Meta Platforms Inc. Class A	Reduce -53.3%	1.48%	−1.20
NVDA Nvidia Corp.	Sold out	0.00%	−1.01
APP AppLovin Corp. Class A	Reduce -79.0%	0.32%	−0.93
CMG Chipotle Mexican Grill Inc.	Sold out	0.00%	−0.93
ANET Arista Networks Inc.	Sold out	0.00%	−0.92
SPG Simon Property Group Inc.	Reduce -78.3%	0.22%	−0.90
MRVL Marvell Technology Inc.	Sold out	0.00%	−0.86
FICO Fair Isaac Corp.	Sold out	0.00%	−0.70
IT Gartner Inc.	Sold out	0.00%	−0.55
SMCI Super Micro Computer Inc.	Sold out	0.00%	−0.54
LLY Eli Lilly & Co.	Reduce -77.5%	0.13%	−0.53
TEAM Atlassian Corp. Class A	Reduce -52.9%	0.33%	−0.46
AVGO Broadcom Inc.	Reduce -61.1%	0.61%	−0.42
QCOM Qualcomm Inc.	Sold out	0.00%	−0.41
ETN Eaton Corp. PLC	Sold out	0.00%	−0.40
GILD Gilead Sciences Inc.	Reduce -53.0%	0.28%	−0.37
WFC Wells Fargo & Co.	Reduce -10.2%	3.71%	−0.30
USB US Bancorp	Sold out	0.00%	−0.27
PTF Invesco Dorsey Wright Tech	Sold out	0.00%	−0.21
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -53.2%	0.19%	−0.21
ORLY O'reilly Automotive Inc.	Reduce -1.0%	1.07%	−0.17
AZO AutoZone Inc.	Reduce -1.8%	1.07%	−0.14
IUSB Ishr CR Unvrse Usd BD ETF-Ui	Reduce -25.1%	0.29%	−0.13
SMLF iShares US Smallcap Equity F	Sold out	0.00%	−0.13
PPBI Pacific Premier Bancorp Inc.	Sold out	0.00%	−0.13
VBK Van Morst SML-Cap Gro-Usd Inc.	Sold out	0.00%	−0.12
PRFZ Inv Rafi US 1500 SM-Usd Inc.	Sold out	0.00%	−0.12
FNDA Schwab Fndmntl US SM Co. ETF	Sold out	0.00%	−0.12
GOVT iShares US Treasury Bond ETF	Reduce -1.2%	1.22%	−0.12
IJR iShares Core S&P Small-Cap E	Sold out	0.00%	−0.12
SCHZ Schwab US Aggregate Bond ETF	Reduce -19.4%	0.34%	−0.12
COST Costco Wholesale Corp.	Reduce -2.3%	1.59%	−0.09
AAPL Apple Inc.	Reduce -2.4%	0.45%	−0.09
BANC Banc of California Inc.	Reduce -11.8%	0.37%	−0.09
PGR Progressive Corp.	Reduce -5.7%	0.39%	−0.09
ORCL Oracle Corp.	Reduce -39.8%	0.49%	−0.07
APO Apollo Global Management Inc.	Reduce -0.2%	1.09%	−0.05
HD Home Depot Inc.	Reduce -2.2%	0.48%	−0.05
BSCT Invesco Bulletshares 2029 CB	Reduce -2.3%	0.51%	−0.05
BSCS Invesco Bulletshares 2028 CB	Reduce -1.4%	0.54%	−0.05
PHO Invesco Water Resources ETF	Reduce -19.3%	0.17%	−0.04
FLOT iShares Floating Rate Bond E	Reduce -1.4%	0.38%	−0.04
PPA Invesco Aerospace & Defense	Reduce -23.3%	0.20%	−0.03
MCK McKesson Corp.	Reduce -6.7%	0.47%	−0.03
PNQI Invesco Nasdaq Internet ETF	Reduce -21.1%	0.18%	−0.03
PRN Invesco Dorsey Wright Indus	Reduce -19.2%	0.17%	−0.03
FALN iShares Fallen Angels ETF	Reduce -0.8%	0.38%	−0.03
PEJ Invesco Leisure & Entertainm	Reduce -17.1%	0.18%	−0.02
MBB iShares MBS ETF	Reduce -0.6%	0.22%	−0.02

Portfolio Buys Q1 2025 → Q2 2025


MSTR Strategy Inc.	New	1.54%	+1.54
PLTR Palantir Technologies Inc. Class A	Add +26.6%	2.77%	+1.30
PM Philip Morris International	New	1.16%	+1.16
FTNT Fortinet Inc.	New	1.06%	+1.06
TMUS T-Mobile US Inc.	Add +597.0%	1.23%	+1.01
WELL Welltower Inc.	New	0.96%	+0.96
GE General Electric	Add +26.3%	2.55%	+0.85
IBM Intl Business Machines Corp.	New	0.67%	+0.67
GEV GE Vernova Inc.	New	0.65%	+0.65
PODD Insulet Corp.	New	0.57%	+0.57
CRWD CrowdStrike Holdings Inc. Class A	Add +38.6%	1.20%	+0.55
EQT Eqt Corp.	New	0.54%	+0.54
BSX Boston Scientific Corp.	Add +116.4%	1.01%	+0.54
TTWO Take-Two Interactive Softwre	New	0.47%	+0.47
COF Capital One Financial Corp.	Add +153.8%	0.66%	+0.42
RCL Royal Caribbean Cruises Ltd.	Add +0.1%	1.45%	+0.42
VV Vngrd Mrgstr LRG-Cap ETF-Usd	New	0.40%	+0.40
AXON Axon Enterprise Inc.	New	0.40%	+0.40
WMB Williams Cos Inc.	New	0.38%	+0.38
DASH DoorDash Inc. Class A	Add +1.8%	1.31%	+0.28
T AT&T Inc.	New	0.26%	+0.26
GS Goldman Sachs Group Inc.	Add +0.5%	1.36%	+0.23
KBWP Invesco KBW Property & Casua	New	0.16%	+0.16
IBKR Interactive Brokers Gro Class A	Add +1.6%	0.72%	+0.15
AXP American Express Co.	Add +1.2%	1.30%	+0.12
IAGG iShares Intl Aggregate Bond	New	0.12%	+0.12
IEMG iShares Core MSCI Emerging	New	0.11%	+0.11
XTEN Bondbloxx BBG 10Y US TSY ETF	Add +67.1%	0.26%	+0.09
EFV iShares MSCI Eafe Value ETF	Add +41.1%	0.17%	+0.05
MAR Marriott International Class A	Add +2.3%	0.65%	+0.05
SAN Banco Santander SA-Spon ADR	New	0.04%	+0.04
MFG Mizuho Financial Group-ADR	New	0.04%	+0.04
JPM JPMorgan Chase & Co.	Add +1.5%	0.41%	+0.04
AMZN Amazon.com Inc.	Add +2.8%	0.35%	+0.03
GOOG Alphabet Inc. Class C	Add +4.9%	0.23%	+0.02
BNY Bank of New York Mellon Corp.	Add +1.4%	1.25%	+0.02
BX Blackstone Inc.	Add +5.2%	0.37%	+0.01
BDJ BlackRock Enhanced Eqty DVD	Add +12.2%	0.11%	+0.01
QUAL iShares MSCI USA Quality Fac	Add +1.9%	0.18%	+0.00
LIN Linde PLC	Add +4.4%	0.22%	−0.01
V Visa Inc. Class A	Add +1.8%	0.27%	−0.01
MMM 3M Co.	Add +3.3%	1.19%	−0.01
PFE Pfizer Inc.	Add +1.1%	0.17%	−0.02
ARCC Ares Capital Corp.	Add +2.2%	0.32%	−0.02
BSCR Invesco Bulletshares 2027 CB	Add +1.9%	0.45%	−0.03
BSCQ Invesco Bulletshares 2026 CB	Add +1.7%	0.46%	−0.03
BSCP Invesco Bulletshares 2025 CB	Add +1.5%	0.45%	−0.03
BRK.B Berkshire Hathaway Inc. Class B	Add +4.0%	0.22%	−0.03
GDDY GoDaddy Inc. Class A	Add +2.6%	0.62%	−0.04
MA Mastercard Inc. Class A	Add +0.8%	0.86%	−0.04

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