Western Financial Corp

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

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Western Financial Corp reported 120 stock positions worth $229.8 million. Its top holding was Enterprise Financial Service (EFSC) at 14.7% of the portfolio, followed by Arrowhead Pharmaceuticals (ARWR, 12.3%) and Wells Fargo (WFC, 3.5%). Compared with Q2 2025, it opened 7 new positions, sold out of 9, added to 57 and reduced 53. The biggest buy was a new position in Advanced Micro Devices (AMD) and the biggest sale Costco Wholesale (COST, shares −82%).

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0001954480
Portfolio Value: $229.8M (Q3 2025)
SEC Filing: 0001954480-25-000003 ↗ filed Oct 21, 2025

Holdings Value

Holdings 120 stocks · $229.8M


EFSC Enterprise Financial Service	14.71%	582,933	$33.8M	Add +9.1%
ARWR Arrowhead Pharmaceuticals Inc.	12.31%	820,239	$28.3M	No change
WFC Wells Fargo & Co.	3.53%	96,784	$8.1M	Add +12.1%
PLTR Palantir Technologies Inc. Class A	3.39%	42,738	$7.8M	Add +12.8%
NFLX Netflix Inc.	3.01%	5,765	$6.9M	Add +26.9%
GE General Electric filed as GE AEROSPACE	2.62%	20,036	$6.0M	Add +8.4%
AMD Advanced Micro Devices	1.77%	25,154	$4.1M	New
CRWD CrowdStrike Holdings Inc. Class A	1.65%	7,743	$3.8M	Add +75.7%
APP AppLovin Corp. Class A	1.64%	5,256	$3.8M	Add +208.1%
GS Goldman Sachs Group Inc.	1.55%	4,460	$3.6M	Add +24.0%
CTAS Cintas Corp.	1.52%	17,071	$3.5M	Add +27.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	1.51%	31,951	$3.5M	Add +24.7%
AXP American Express Co.	1.45%	10,026	$3.3M	Add +32.3%
WMT Walmart Inc.	1.44%	32,217	$3.3M	Add +39.6%
MMM 3M Co.	1.41%	20,866	$3.2M	Add +42.8%
PM Philip Morris International	1.31%	18,562	$3.0M	Add +55.9%
META Meta Platforms Inc. Class A	1.20%	3,750	$2.8M	Add +0.5%
TSLA Tesla Inc.	1.13%	5,823	$2.6M	Reduce -2.5%
DASH DoorDash Inc. Class A	1.06%	8,930	$2.4M	Reduce -9.8%
ORLY O'reilly Automotive Inc.	1.04%	22,214	$2.4M	Add +0.3%
TMUS T-Mobile US Inc.	1.04%	9,952	$2.4M	Add +3.5%
AZO AutoZone Inc.	1.01%	540	$2.3M	Add +0.4%
GOVT iShares US Treasury Bond ETF	1.00%	99,271	$2.3M	Reduce -0.0%
GEV GE Vernova Inc.	0.99%	3,701	$2.3M	Add +62.6%
COIN Coinbase Global Inc. Class A	0.94%	6,384	$2.2M	New
WELL Welltower Inc.	0.92%	11,874	$2.1M	Add +1.7%
RCL Royal Caribbean Cruises Ltd.	0.91%	6,459	$2.1M	Reduce -25.1%
TDG Transdigm Group Inc.	0.86%	1,501	$2.0M	Add +3.2%
APO Apollo Global Management Inc.	0.85%	14,583	$1.9M	Add +1.6%
BSX Boston Scientific Corp.	0.81%	19,171	$1.9M	Add +8.9%
TTWO Take-Two Interactive Softwre	0.81%	7,166	$1.9M	Add +99.5%
NVDA Nvidia Corp.	0.80%	9,846	$1.8M	New
SHOP Shopify Inc. Class A	0.77%	11,932	$1.8M	Add +432.4%
MSTR Strategy Inc.	0.74%	5,271	$1.7M	Reduce -25.9%
STX Seagate Technology Holdings	0.74%	7,168	$1.7M	New
MA Mastercard Inc. Class A	0.72%	2,911	$1.7M	Add +1.7%
AXON Axon Enterprise Inc.	0.69%	2,203	$1.6M	Add +147.0%
RBLX Roblox Corp. Class A	0.65%	10,862	$1.5M	Reduce -21.9%
IBKR Interactive Brokers Gro Class A	0.64%	21,384	$1.5M	Reduce -12.3%
HWM Howmet Aerospace Inc.	0.64%	7,482	$1.5M	Reduce -0.2%
NET Cloudflare Inc. Class A	0.63%	6,793	$1.5M	Reduce -18.9%
SHYG iShares 0-5 YR HY Corp. Bond	0.63%	33,416	$1.4M	Reduce -1.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.63%	5,114	$1.4M	Add +20.5%
PWR Quanta Services Inc.	0.62%	3,436	$1.4M	Reduce -5.2%
TLT iShares 20+ Year Treasury BD	0.61%	15,645	$1.4M	Reduce -1.4%
SHV iShares 0-1 Year Treasury Bo	0.59%	12,291	$1.4M	Reduce -3.8%
HLT Hilton Worldwide Holdings Inc.	0.55%	4,883	$1.3M	Add +0.3%
ALNY Alnylam Pharmaceuticals Inc.	0.54%	2,724	$1.2M	New
ZS Zscaler Inc.	0.53%	4,098	$1.2M	New
COF Capital One Financial Corp.	0.52%	5,628	$1.2M	Reduce -2.8%
MAR Marriott International Class A	0.51%	4,487	$1.2M	Add +0.8%
PODD Insulet Corp.	0.50%	3,742	$1.2M	Add +10.5%
EQT Eqt Corp.	0.49%	20,674	$1.1M	Add +20.2%
AVGO Broadcom Inc.	0.49%	3,402	$1.1M	Reduce -17.6%
ARES Ares Management Corp. Class A	0.48%	6,913	$1.1M	Add +0.2%
TRGP Targa Resources Corp.	0.47%	6,434	$1.1M	Add +4.5%
APH Amphenol Corp. Class A	0.46%	8,527	$1.1M	Reduce -9.0%
AAPL Apple Inc.	0.45%	4,070	$1.0M	Reduce -1.2%
BSCS Invesco Bulletshares 2028 CB	0.43%	48,146	$990K	Reduce -1.4%
PAYX Paychex Inc.	0.43%	7,729	$980K	Add +8.0%
BSCT Invesco Bulletshares 2029 CB	0.41%	50,621	$952K	Reduce -1.1%
MCK McKesson Corp.	0.41%	1,231	$951K	Add +2.3%
ORCL Oracle Corp.	0.39%	3,153	$887K	Reduce -25.0%
BSCQ Invesco Bulletshares 2026 CB	0.38%	44,431	$869K	Add +2.0%
BSCP Invesco Bulletshares 2025 CB	0.38%	41,724	$863K	Add +2.1%
PANW Palo Alto Networks Inc.	0.38%	4,236	$863K	Reduce -6.0%
BSCR Invesco Bulletshares 2027 CB	0.37%	42,753	$843K	Reduce -0.3%
KKR KKR & Co. Inc.	0.36%	6,301	$819K	Reduce -0.8%
JPM JPMorgan Chase & Co.	0.35%	2,582	$814K	Reduce -2.3%
VZ Verizon Communications Inc.	0.35%	18,522	$814K	Add +1.4%
BANC Banc of California Inc.	0.35%	48,845	$808K	Add +0.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.34%	2,574	$792K	Reduce -1.9%
BX Blackstone Inc.	0.34%	4,629	$791K	Reduce -0.9%
PH Parker Hannifin Corp.	0.34%	1,036	$786K	Reduce -5.2%
WMB Williams Cos Inc.	0.34%	12,265	$777K	Add +9.5%
PGR Progressive Corp.	0.33%	3,097	$765K	Add +13.4%
TT Trane Technologies PLC	0.32%	1,732	$731K	Reduce -1.3%
ISRG Intuitive Surgical Inc.	0.31%	1,607	$719K	Reduce -46.5%
FALN iShares Fallen Angels ETF	0.31%	25,633	$712K	Reduce -1.4%
NOW ServiceNow Inc.	0.31%	771	$710K	Add +5.6%
FLOT iShares Floating Rate Bond E	0.30%	13,635	$697K	Reduce -1.0%
AMZN Amazon.com Inc.	0.29%	3,032	$666K	Add +0.9%
SCHZ Schwab US Aggregate Bond ETF	0.28%	27,111	$636K	Reduce -0.6%
ARCC Ares Capital Corp.	0.25%	28,199	$576K	Add +2.4%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.24%	11,584	$541K	Reduce -1.8%
GOOG Alphabet Inc. Class C	0.23%	2,200	$536K	Reduce -9.3%
T AT&T Inc.	0.22%	18,006	$508K	Add +9.1%
V Visa Inc. Class A	0.22%	1,486	$507K	Add +2.9%
SPG Simon Property Group Inc.	0.22%	2,679	$503K	Add +6.2%
COST Costco Wholesale Corp.	0.22%	541	$501K	Reduce -82.0%
XTEN Bondbloxx BBG 10Y US TSY ETF	0.21%	10,448	$487K	Add +1.1%
LIN Linde PLC	0.20%	991	$471K	Add +13.0%
BRK.B Berkshire Hathaway Inc. Class B	0.20%	908	$456K	Add +8.7%
GILD Gilead Sciences Inc.	0.20%	4,058	$450K	Reduce -12.8%
BKNG Booking Holdings Inc.	0.19%	81	$438K	No change
MBB iShares MBS ETF	0.18%	4,314	$410K	Reduce -1.7%
CVX Chevron Corp.	0.17%	2,468	$383K	Add +0.4%
PFE Pfizer Inc.	0.15%	13,178	$336K	Add +1.1%
SPYM Ste STR SPDR PT S&P 500 ETF	0.14%	4,179	$327K	Reduce -14.4%
GOOGL Alphabet Inc. Class A	0.14%	1,340	$326K	Add +0.1%
QUAL iShares MSCI USA Quality Fac	0.14%	1,629	$317K	Reduce -9.3%
PPA Invesco Aerospace & Defense	0.14%	2,022	$314K	Reduce -23.0%
EFV iShares MSCI Eafe Value ETF	0.13%	4,569	$310K	Reduce -11.1%
PEJ Invesco Leisure & Entertainm	0.13%	5,068	$307K	Reduce -15.8%
PGF Invesco Financial Preferred	0.13%	20,977	$307K	Reduce -4.5%
BINC iShares Flex I A ETF-Usd Inc.	0.13%	5,718	$304K	Add +1.3%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.13%	5,108	$302K	Reduce -12.7%
IVW iShares S&P 500 Growth ETF	0.13%	2,474	$299K	Reduce -16.2%
PNQI Invesco Nasdaq Internet ETF	0.13%	5,301	$296K	Reduce -19.6%
GGME Invesco Next Gen Media and G	0.13%	4,485	$289K	Reduce -18.4%
MSFT Microsoft Corp.	0.12%	551	$285K	Reduce -0.2%
PRN Invesco Dorsey Wright Indus	0.12%	1,646	$284K	Reduce -17.6%
PHO Invesco Water Resources ETF	0.12%	3,689	$266K	Reduce -16.4%
PBW Invesco Wilderhill Clean Ene	0.11%	8,970	$259K	New
HD Home Depot Inc.	0.11%	625	$253K	Reduce -74.6%
IAGG iShares Intl Aggregate Bond	0.10%	4,561	$234K	Add +1.5%
IVE iShares S&P 500 Value ETF	0.10%	1,077	$222K	Reduce -9.7%
BDJ BlackRock Enhanced Eqty DVD	0.09%	23,439	$214K	Add +2.1%
IEMG iShares Core MSCI Emerging	0.09%	3,055	$201K	Reduce -12.0%
MFG Mizuho Financial Group-ADR	0.04%	13,788	$92K	No change

Portfolio Sells Q2 2025 → Q3 2025


COST Costco Wholesale Corp.	Reduce -82.0%	0.22%	−1.38
FTNT Fortinet Inc.	Sold out	0.00%	−1.06
MSTR Strategy Inc.	Reduce -25.9%	0.74%	−0.80
GDDY GoDaddy Inc. Class A	Sold out	0.00%	−0.62
ISRG Intuitive Surgical Inc.	Reduce -46.5%	0.31%	−0.56
CPRT Copart Inc.	Sold out	0.00%	−0.56
TPL Texas Pacific Land Corp.	Sold out	0.00%	−0.55
RCL Royal Caribbean Cruises Ltd.	Reduce -25.1%	0.91%	−0.54
HD Home Depot Inc.	Reduce -74.6%	0.11%	−0.37
FISV Fiserv Inc.	Sold out	0.00%	−0.36
TEAM Atlassian Corp. Class A	Sold out	0.00%	−0.33
DASH DoorDash Inc. Class A	Reduce -9.8%	1.06%	−0.25
NET Cloudflare Inc. Class A	Reduce -18.9%	0.63%	−0.24
GOVT iShares US Treasury Bond ETF	Reduce -0.0%	1.00%	−0.22
SHV iShares 0-1 Year Treasury Bo	Reduce -3.8%	0.59%	−0.17
SHYG iShares 0-5 YR HY Corp. Bond	Reduce -1.8%	0.63%	−0.16
KBWP Invesco KBW Property & Casua	Sold out	0.00%	−0.16
TLT iShares 20+ Year Treasury BD	Reduce -1.4%	0.61%	−0.14
COF Capital One Financial Corp.	Reduce -2.8%	0.52%	−0.14
LLY Eli Lilly & Co.	Sold out	0.00%	−0.13
RBLX Roblox Corp. Class A	Reduce -21.9%	0.65%	−0.13
AVGO Broadcom Inc.	Reduce -17.6%	0.49%	−0.12
PANW Palo Alto Networks Inc.	Reduce -6.0%	0.38%	−0.12
PWR Quanta Services Inc.	Reduce -5.2%	0.62%	−0.11
HWM Howmet Aerospace Inc.	Reduce -0.2%	0.64%	−0.11
ORCL Oracle Corp.	Reduce -25.0%	0.39%	−0.11
BSCS Invesco Bulletshares 2028 CB	Reduce -1.4%	0.43%	−0.11
BSCT Invesco Bulletshares 2029 CB	Reduce -1.1%	0.41%	−0.10
KKR KKR & Co. Inc.	Reduce -0.8%	0.36%	−0.10
TT Trane Technologies PLC	Reduce -1.3%	0.32%	−0.09
BSCR Invesco Bulletshares 2027 CB	Reduce -0.3%	0.37%	−0.08
IBKR Interactive Brokers Gro Class A	Reduce -12.3%	0.64%	−0.08
GILD Gilead Sciences Inc.	Reduce -12.8%	0.20%	−0.08
FLOT iShares Floating Rate Bond E	Reduce -1.0%	0.30%	−0.07
FALN iShares Fallen Angels ETF	Reduce -1.4%	0.31%	−0.07
PH Parker Hannifin Corp.	Reduce -5.2%	0.34%	−0.07
SCHZ Schwab US Aggregate Bond ETF	Reduce -0.6%	0.28%	−0.06
PPA Invesco Aerospace & Defense	Reduce -23.0%	0.14%	−0.06
IUSB Ishr CR Unvrse Usd BD ETF-Ui	Reduce -1.8%	0.24%	−0.06
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Reduce -1.9%	0.34%	−0.06
JPM JPMorgan Chase & Co.	Reduce -2.3%	0.35%	−0.06
PNQI Invesco Nasdaq Internet ETF	Reduce -19.6%	0.13%	−0.06
GGME Invesco Next Gen Media and G	Reduce -18.4%	0.13%	−0.06
PEJ Invesco Leisure & Entertainm	Reduce -15.8%	0.13%	−0.05
PHO Invesco Water Resources ETF	Reduce -16.4%	0.12%	−0.05
SPYM Ste STR SPDR PT S&P 500 ETF	Reduce -14.4%	0.14%	−0.05
SAN Banco Santander SA-Spon ADR	Sold out	0.00%	−0.04
PRN Invesco Dorsey Wright Indus	Reduce -17.6%	0.12%	−0.04
IVW iShares S&P 500 Growth ETF	Reduce -16.2%	0.13%	−0.04
MBB iShares MBS ETF	Reduce -1.7%	0.18%	−0.04

Portfolio Buys Q2 2025 → Q3 2025


AMD Advanced Micro Devices	New	1.77%	+1.77
APP AppLovin Corp. Class A	Add +208.1%	1.64%	+1.32
COIN Coinbase Global Inc. Class A	New	0.94%	+0.94
NVDA Nvidia Corp.	New	0.80%	+0.80
STX Seagate Technology Holdings	New	0.74%	+0.74
SHOP Shopify Inc. Class A	Add +432.4%	0.77%	+0.63
PLTR Palantir Technologies Inc. Class A	Add +12.8%	3.39%	+0.63
ALNY Alnylam Pharmaceuticals Inc.	New	0.54%	+0.54
ZS Zscaler Inc.	New	0.53%	+0.53
CRWD CrowdStrike Holdings Inc. Class A	Add +75.7%	1.65%	+0.45
GEV GE Vernova Inc.	Add +62.6%	0.99%	+0.34
TTWO Take-Two Interactive Softwre	Add +99.5%	0.81%	+0.34
AXON Axon Enterprise Inc.	Add +147.0%	0.69%	+0.29
BNY Bank of New York Mellon Corp.	Add +24.7%	1.51%	+0.26
WMT Walmart Inc.	Add +39.6%	1.44%	+0.24
MMM 3M Co.	Add +42.8%	1.41%	+0.22
GS Goldman Sachs Group Inc.	Add +24.0%	1.55%	+0.18
AXP American Express Co.	Add +32.3%	1.45%	+0.15
PM Philip Morris International	Add +55.9%	1.31%	+0.15
PBW Invesco Wilderhill Clean Ene	New	0.11%	+0.11
GE General Electric	Add +8.4%	2.62%	+0.07
GOOGL Alphabet Inc. Class A	Add +0.1%	0.14%	+0.02
SPG Simon Property Group Inc.	Add +6.2%	0.22%	+0.00
BANC Banc of California Inc.	Add +0.1%	0.35%	−0.02
LIN Linde PLC	Add +13.0%	0.20%	−0.02
BDJ BlackRock Enhanced Eqty DVD	Add +2.1%	0.09%	−0.02
BRK.B Berkshire Hathaway Inc. Class B	Add +8.7%	0.20%	−0.02
IAGG iShares Intl Aggregate Bond	Add +1.5%	0.10%	−0.02
CVX Chevron Corp.	Add +0.4%	0.17%	−0.02
PFE Pfizer Inc.	Add +1.1%	0.15%	−0.02
BINC iShares Flex I A ETF-Usd Inc.	Add +1.3%	0.13%	−0.03
ORLY O'reilly Automotive Inc.	Add +0.3%	1.04%	−0.03
T AT&T Inc.	Add +9.1%	0.22%	−0.03
WMB Williams Cos Inc.	Add +9.5%	0.34%	−0.04
WELL Welltower Inc.	Add +1.7%	0.92%	−0.04
IBM Intl Business Machines Corp.	Add +20.5%	0.63%	−0.04
XTEN Bondbloxx BBG 10Y US TSY ETF	Add +1.1%	0.21%	−0.04
EQT Eqt Corp.	Add +20.2%	0.49%	−0.05
V Visa Inc. Class A	Add +2.9%	0.22%	−0.05
PGR Progressive Corp.	Add +13.4%	0.33%	−0.06
MCK McKesson Corp.	Add +2.3%	0.41%	−0.06
AZO AutoZone Inc.	Add +0.4%	1.01%	−0.06
AMZN Amazon.com Inc.	Add +0.9%	0.29%	−0.06
PODD Insulet Corp.	Add +10.5%	0.50%	−0.07
VZ Verizon Communications Inc.	Add +1.4%	0.35%	−0.07
CTAS Cintas Corp.	Add +27.9%	1.52%	−0.07
ARCC Ares Capital Corp.	Add +2.4%	0.25%	−0.07
BSCP Invesco Bulletshares 2025 CB	Add +2.1%	0.38%	−0.08
BSCQ Invesco Bulletshares 2026 CB	Add +2.0%	0.38%	−0.08
NOW ServiceNow Inc.	Add +5.6%	0.31%	−0.09

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