Western Financial Corp

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Western Financial Corp reported 113 stock positions worth $252.1 million. Its top holding was Arrowhead Pharmaceuticals (ARWR) at 21.6% of the portfolio, followed by Enterprise Financial Service (EFSC, 12.4%) and Wells Fargo (WFC, 3.6%). Compared with Q3 2025, it opened 9 new positions, sold out of 16, added to 41 and reduced 61. The biggest buy was a new position in Intel (INTC) and the biggest sale Enterprise Financial Service (EFSC, shares −1%).

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0001954480
Portfolio Value: $252.1M (Q4 2025)
SEC Filing: 0001954480-26-000001 ↗ filed Jan 21, 2026

Holdings Value

Holdings 113 stocks · $252.1M


ARWR Arrowhead Pharmaceuticals Inc.	21.60%	820,239	$54.5M	No change
EFSC Enterprise Financial Service	12.37%	577,378	$31.2M	Reduce -0.9%
WFC Wells Fargo & Co.	3.57%	96,456	$9.0M	Reduce -0.3%
AMD Advanced Micro Devices	2.64%	31,103	$6.7M	Add +23.6%
GE General Electric filed as GE AEROSPACE	2.44%	20,012	$6.2M	Reduce -0.1%
PLTR Palantir Technologies Inc. Class A	2.28%	32,335	$5.7M	Reduce -24.3%
INTC Intel Corp.	2.24%	153,010	$5.6M	New
APP AppLovin Corp. Class A	1.62%	6,057	$4.1M	Add +15.2%
GS Goldman Sachs Group Inc.	1.51%	4,341	$3.8M	Reduce -2.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	1.47%	31,973	$3.7M	Add +0.1%
AXP American Express Co.	1.45%	9,867	$3.7M	Reduce -1.6%
WMT Walmart Inc.	1.44%	32,619	$3.6M	Add +1.3%
CRWD CrowdStrike Holdings Inc. Class A	1.44%	7,725	$3.6M	Reduce -0.2%
MMM 3M Co.	1.34%	21,152	$3.4M	Add +1.4%
LLY Eli Lilly & Co.	1.34%	3,146	$3.4M	New
MU Micron Technology Inc.	1.29%	11,418	$3.3M	New
GOOGL Alphabet Inc. Class A	1.08%	8,698	$2.7M	Add +549.1%
TSLA Tesla Inc.	1.06%	5,916	$2.7M	Add +1.6%
WBD Warner Bros Discovery Inc.	1.03%	90,248	$2.6M	New
GEV GE Vernova Inc.	0.94%	3,630	$2.4M	Reduce -1.9%
NFLX Netflix Inc.	0.93%	25,017	$2.3M	Reduce -56.6%
NVDA Nvidia Corp.	0.92%	12,450	$2.3M	Add +26.4%
GOVT iShares US Treasury Bond ETF	0.90%	98,072	$2.3M	Reduce -1.2%
AVGO Broadcom Inc.	0.89%	6,481	$2.2M	Add +90.5%
META Meta Platforms Inc. Class A	0.82%	3,135	$2.1M	Reduce -16.4%
ORLY O'reilly Automotive Inc.	0.80%	22,103	$2.0M	Reduce -0.5%
RCL Royal Caribbean Cruises Ltd.	0.79%	7,142	$2.0M	Add +10.6%
WELL Welltower Inc.	0.79%	10,696	$2.0M	Reduce -9.9%
SHOP Shopify Inc. Class A	0.77%	12,119	$2.0M	Add +1.6%
DASH DoorDash Inc. Class A	0.77%	8,593	$1.9M	Reduce -3.8%
TDG Transdigm Group Inc.	0.76%	1,436	$1.9M	Reduce -4.3%
CTAS Cintas Corp.	0.76%	10,145	$1.9M	Reduce -40.6%
BSX Boston Scientific Corp.	0.74%	19,695	$1.9M	Add +2.7%
TTWO Take-Two Interactive Softwre	0.74%	7,329	$1.9M	Add +2.3%
AZO AutoZone Inc.	0.73%	545	$1.8M	Add +0.9%
APH Amphenol Corp. Class A	0.73%	13,583	$1.8M	Add +59.3%
MA Mastercard Inc. Class A	0.67%	2,943	$1.7M	Add +1.1%
TMUS T-Mobile US Inc.	0.66%	8,241	$1.7M	Reduce -17.2%
STX Seagate Technology Holdings	0.60%	5,528	$1.5M	Reduce -22.9%
HWM Howmet Aerospace Inc.	0.60%	7,380	$1.5M	Reduce -1.4%
SHYG iShares 0-5 YR HY Corp. Bond	0.56%	33,202	$1.4M	Reduce -0.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.56%	4,745	$1.4M	Reduce -7.2%
HLT Hilton Worldwide Holdings Inc.	0.55%	4,835	$1.4M	Reduce -1.0%
MAR Marriott International Class A	0.55%	4,432	$1.4M	Reduce -1.2%
IBKR Interactive Brokers Gro Class A	0.54%	21,185	$1.4M	Reduce -0.9%
TLT iShares 20+ Year Treasury BD	0.54%	15,533	$1.4M	Reduce -0.7%
SHV iShares 0-1 Year Treasury Bo	0.53%	12,226	$1.3M	Reduce -0.5%
COF Capital One Financial Corp.	0.53%	5,545	$1.3M	Reduce -1.5%
NET Cloudflare Inc. Class A	0.53%	6,760	$1.3M	Reduce -0.5%
PWR Quanta Services Inc.	0.51%	3,060	$1.3M	Reduce -10.9%
LRCX Lam Research Corp.	0.50%	7,308	$1.3M	New
ARES Ares Management Corp. Class A	0.44%	6,829	$1.1M	Reduce -1.2%
AAPL Apple Inc.	0.44%	4,049	$1.1M	Reduce -0.5%
EQT Eqt Corp.	0.43%	20,459	$1.1M	Reduce -1.0%
ALNY Alnylam Pharmaceuticals Inc.	0.43%	2,731	$1.1M	Add +0.3%
PODD Insulet Corp.	0.42%	3,683	$1.0M	Reduce -1.6%
BSCS Invesco Bulletshares 2028 CB	0.39%	47,945	$988K	Reduce -0.4%
BSCT Invesco Bulletshares 2029 CB	0.37%	50,185	$945K	Reduce -0.9%
MCK McKesson Corp.	0.37%	1,152	$945K	Reduce -6.4%
BANC Banc of California Inc.	0.37%	48,896	$943K	Add +0.1%
SYM Symbotic Inc.	0.37%	15,821	$941K	New
BSCU Invesco Bulletshares 2030 CB	0.37%	54,959	$930K	New
ZS Zscaler Inc.	0.36%	4,051	$911K	Reduce -1.1%
BSCQ Invesco Bulletshares 2026 CB	0.35%	44,815	$877K	Add +0.9%
APO Apollo Global Management Inc.	0.34%	5,964	$863K	Reduce -59.1%
BSCR Invesco Bulletshares 2027 CB	0.34%	42,877	$846K	Add +0.3%
KKR KKR & Co. Inc.	0.32%	6,377	$813K	Add +1.2%
ANET Arista Networks Inc.	0.32%	6,175	$809K	New
PH Parker Hannifin Corp.	0.32%	915	$804K	Reduce -11.7%
JPM JPMorgan Chase & Co.	0.32%	2,489	$802K	Reduce -3.6%
PANW Palo Alto Networks Inc.	0.31%	4,198	$773K	Reduce -0.9%
VZ Verizon Communications Inc.	0.30%	18,522	$754K	No change
PGR Progressive Corp.	0.29%	3,243	$739K	Add +4.7%
WMB Williams Cos Inc.	0.29%	12,183	$732K	Reduce -0.7%
AMZN Amazon.com Inc.	0.28%	3,076	$710K	Add +1.4%
ORCL Oracle Corp.	0.28%	3,565	$695K	Add +13.1%
FALN iShares Fallen Angels ETF	0.28%	25,450	$695K	Reduce -0.7%
FLOT iShares Floating Rate Bond E	0.28%	13,648	$694K	Add +0.1%
BX Blackstone Inc.	0.28%	4,502	$694K	Reduce -2.7%
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.27%	2,146	$676K	Reduce -16.6%
TT Trane Technologies PLC	0.27%	1,734	$675K	Add +0.1%
SCHZ Schwab US Aggregate Bond ETF	0.24%	25,698	$601K	Reduce -5.2%
ARCC Ares Capital Corp.	0.23%	28,866	$584K	Add +2.4%
V Visa Inc. Class A	0.22%	1,555	$545K	Add +4.6%
GOOG Alphabet Inc. Class C	0.21%	1,713	$537K	Reduce -22.1%
SPG Simon Property Group Inc.	0.20%	2,749	$509K	Add +2.6%
IUSB Ishr CR Unvrse Usd BD ETF-Ui	0.19%	10,457	$487K	Reduce -9.7%
GILD Gilead Sciences Inc.	0.19%	3,947	$484K	Reduce -2.7%
BRK.B Berkshire Hathaway Inc. Class B	0.19%	932	$468K	Add +2.6%
BKNG Booking Holdings Inc.	0.19%	87	$467K	Add +7.4%
XTEN Bondbloxx BBG 10Y US TSY ETF	0.16%	8,660	$400K	Reduce -17.1%
MBB iShares MBS ETF	0.16%	4,137	$394K	Reduce -4.1%
CVX Chevron Corp.	0.15%	2,478	$378K	Add +0.4%
PFE Pfizer Inc.	0.13%	13,316	$332K	Add +1.1%
SPYM Ste STR SPDR PT S&P 500 ETF	0.13%	4,019	$322K	Reduce -3.8%
DYNF Ishrs US E F R A ETF-Usd Inc.	0.13%	5,291	$322K	Add +3.6%
PPA Invesco Aerospace & Defense	0.13%	2,030	$318K	Add +0.4%
PGF Invesco Financial Preferred	0.12%	20,952	$296K	Reduce -0.1%
IVE iShares S&P 500 Value ETF	0.12%	1,389	$295K	Add +29.0%
BINC iShares Flex I A ETF-Usd Inc.	0.12%	5,562	$294K	Reduce -2.7%
PNQI Invesco Nasdaq Internet ETF	0.11%	5,319	$287K	Add +0.3%
PBW Invesco Wilderhill Clean Ene	0.11%	8,989	$275K	Add +0.2%
IVW iShares S&P 500 Growth ETF	0.11%	2,184	$269K	Reduce -11.7%
GGME Invesco Next Gen Media and G	0.11%	4,506	$268K	Add +0.5%
MSFT Microsoft Corp.	0.11%	552	$267K	Add +0.2%
XLG Invesco S&P 500 Top 50 ETF	0.10%	4,400	$261K	New
COIN Coinbase Global Inc. Class A	0.10%	1,085	$245K	Reduce -83.0%
BDJ BlackRock Enhanced Eqty DVD	0.09%	24,032	$228K	Add +2.5%
IAGG iShares Intl Aggregate Bond	0.09%	4,382	$219K	Reduce -3.9%
EFV iShares MSCI Eafe Value ETF	0.08%	2,917	$208K	Reduce -36.2%
PEJ Invesco Leisure & Entertainm	0.08%	3,375	$207K	Reduce -33.4%
PRN Invesco Dorsey Wright Indus	0.08%	1,168	$204K	Reduce -29.0%
MFG Mizuho Financial Group-ADR	0.04%	13,575	$99K	Reduce -1.5%

Portfolio Sells Q3 2025 → Q4 2025


EFSC Enterprise Financial Service	Reduce -0.9%	12.37%	−2.34
NFLX Netflix Inc.	Reduce -56.6%	0.93%	−2.08
PM Philip Morris International	Sold out	0.00%	−1.31
PLTR Palantir Technologies Inc. Class A	Reduce -24.3%	2.28%	−1.11
COIN Coinbase Global Inc. Class A	Reduce -83.0%	0.10%	−0.84
CTAS Cintas Corp.	Reduce -40.6%	0.76%	−0.77
MSTR Strategy Inc.	Sold out	0.00%	−0.74
AXON Axon Enterprise Inc.	Sold out	0.00%	−0.69
RBLX Roblox Corp. Class A	Sold out	0.00%	−0.65
APO Apollo Global Management Inc.	Reduce -59.1%	0.34%	−0.50
TRGP Targa Resources Corp.	Sold out	0.00%	−0.47
PAYX Paychex Inc.	Sold out	0.00%	−0.43
META Meta Platforms Inc. Class A	Reduce -16.4%	0.82%	−0.38
BSCP Invesco Bulletshares 2025 CB	Sold out	0.00%	−0.38
TMUS T-Mobile US Inc.	Reduce -17.2%	0.66%	−0.37
ISRG Intuitive Surgical Inc.	Sold out	0.00%	−0.31
NOW ServiceNow Inc.	Sold out	0.00%	−0.31
DASH DoorDash Inc. Class A	Reduce -3.8%	0.77%	−0.29
ORLY O'reilly Automotive Inc.	Reduce -0.5%	0.80%	−0.24
T AT&T Inc.	Sold out	0.00%	−0.22
COST Costco Wholesale Corp.	Sold out	0.00%	−0.22
CRWD CrowdStrike Holdings Inc. Class A	Reduce -0.2%	1.44%	−0.22
LIN Linde PLC	Sold out	0.00%	−0.20
GE General Electric	Reduce -0.1%	2.44%	−0.18
ZS Zscaler Inc.	Reduce -1.1%	0.36%	−0.17
QUAL iShares MSCI USA Quality Fac	Sold out	0.00%	−0.14
WELL Welltower Inc.	Reduce -9.9%	0.79%	−0.13
STX Seagate Technology Holdings	Reduce -22.9%	0.60%	−0.13
PHO Invesco Water Resources ETF	Sold out	0.00%	−0.12
HD Home Depot Inc.	Sold out	0.00%	−0.11
PWR Quanta Services Inc.	Reduce -10.9%	0.51%	−0.11
NET Cloudflare Inc. Class A	Reduce -0.5%	0.53%	−0.11
TDG Transdigm Group Inc.	Reduce -4.3%	0.76%	−0.10
GOVT iShares US Treasury Bond ETF	Reduce -1.2%	0.90%	−0.10
IBKR Interactive Brokers Gro Class A	Reduce -0.9%	0.54%	−0.10
IEMG iShares Core MSCI Emerging	Sold out	0.00%	−0.09
PODD Insulet Corp.	Reduce -1.6%	0.42%	−0.09
VV Vngrd Mrgstr LRG-Cap ETF-Usd	Reduce -16.6%	0.27%	−0.08
TLT iShares 20+ Year Treasury BD	Reduce -0.7%	0.54%	−0.07
IBM Intl Business Machines Corp.	Reduce -7.2%	0.56%	−0.07
BX Blackstone Inc.	Reduce -2.7%	0.28%	−0.07
PANW Palo Alto Networks Inc.	Reduce -0.9%	0.31%	−0.07
SHYG iShares 0-5 YR HY Corp. Bond	Reduce -0.6%	0.56%	−0.07
SHV iShares 0-1 Year Treasury Bo	Reduce -0.5%	0.53%	−0.06
EQT Eqt Corp.	Reduce -1.0%	0.43%	−0.05
XTEN Bondbloxx BBG 10Y US TSY ETF	Reduce -17.1%	0.16%	−0.05
EFV iShares MSCI Eafe Value ETF	Reduce -36.2%	0.08%	−0.05
PEJ Invesco Leisure & Entertainm	Reduce -33.4%	0.08%	−0.05
GEV GE Vernova Inc.	Reduce -1.9%	0.94%	−0.05
WMB Williams Cos Inc.	Reduce -0.7%	0.29%	−0.05

Portfolio Buys Q3 2025 → Q4 2025


INTC Intel Corp.	New	2.24%	+2.24
LLY Eli Lilly & Co.	New	1.34%	+1.34
MU Micron Technology Inc.	New	1.29%	+1.29
WBD Warner Bros Discovery Inc.	New	1.03%	+1.03
GOOGL Alphabet Inc. Class A	Add +549.1%	1.08%	+0.94
AMD Advanced Micro Devices	Add +23.6%	2.64%	+0.87
LRCX Lam Research Corp.	New	0.50%	+0.50
AVGO Broadcom Inc.	Add +90.5%	0.89%	+0.40
SYM Symbotic Inc.	New	0.37%	+0.37
BSCU Invesco Bulletshares 2030 CB	New	0.37%	+0.37
ANET Arista Networks Inc.	New	0.32%	+0.32
APH Amphenol Corp. Class A	Add +59.3%	0.73%	+0.27
NVDA Nvidia Corp.	Add +26.4%	0.92%	+0.12
XLG Invesco S&P 500 Top 50 ETF	New	0.10%	+0.10
BANC Banc of California Inc.	Add +0.1%	0.37%	+0.02
IVE iShares S&P 500 Value ETF	Add +29.0%	0.12%	+0.02
SHOP Shopify Inc. Class A	Add +1.6%	0.77%	+0.00
BDJ BlackRock Enhanced Eqty DVD	Add +2.5%	0.09%	−0.00
WMT Walmart Inc.	Add +1.3%	1.44%	−0.00
PBW Invesco Wilderhill Clean Ene	Add +0.2%	0.11%	−0.00
DYNF Ishrs US E F R A ETF-Usd Inc.	Add +3.6%	0.13%	−0.00
V Visa Inc. Class A	Add +4.6%	0.22%	−0.00
BKNG Booking Holdings Inc.	Add +7.4%	0.19%	−0.01
AMZN Amazon.com Inc.	Add +1.4%	0.28%	−0.01
PPA Invesco Aerospace & Defense	Add +0.4%	0.13%	−0.01
BRK.B Berkshire Hathaway Inc. Class B	Add +2.6%	0.19%	−0.01
PFE Pfizer Inc.	Add +1.1%	0.13%	−0.01
PNQI Invesco Nasdaq Internet ETF	Add +0.3%	0.11%	−0.01
CVX Chevron Corp.	Add +0.4%	0.15%	−0.02
SPG Simon Property Group Inc.	Add +2.6%	0.20%	−0.02
MSFT Microsoft Corp.	Add +0.2%	0.11%	−0.02
ARCC Ares Capital Corp.	Add +2.4%	0.23%	−0.02
GGME Invesco Next Gen Media and G	Add +0.5%	0.11%	−0.02
APP AppLovin Corp. Class A	Add +15.2%	1.62%	−0.02
FLOT iShares Floating Rate Bond E	Add +0.1%	0.28%	−0.03
BSCQ Invesco Bulletshares 2026 CB	Add +0.9%	0.35%	−0.03
BSCR Invesco Bulletshares 2027 CB	Add +0.3%	0.34%	−0.03
KKR KKR & Co. Inc.	Add +1.2%	0.32%	−0.03
PGR Progressive Corp.	Add +4.7%	0.29%	−0.04
BNY Bank of New York Mellon Corp.	Add +0.1%	1.47%	−0.04
TT Trane Technologies PLC	Add +0.1%	0.27%	−0.05
MA Mastercard Inc. Class A	Add +1.1%	0.67%	−0.05
TTWO Take-Two Interactive Softwre	Add +2.3%	0.74%	−0.06
MMM 3M Co.	Add +1.4%	1.34%	−0.07
BSX Boston Scientific Corp.	Add +2.7%	0.74%	−0.07
TSLA Tesla Inc.	Add +1.6%	1.06%	−0.07
ALNY Alnylam Pharmaceuticals Inc.	Add +0.3%	0.43%	−0.11
ORCL Oracle Corp.	Add +13.1%	0.28%	−0.11
RCL Royal Caribbean Cruises Ltd.	Add +10.6%	0.79%	−0.12
AZO AutoZone Inc.	Add +0.9%	0.73%	−0.28

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