Willner & Heller, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Willner & Heller, LLC reported 160 stock positions worth $130.2 million. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Apple (AAPL, 3.8%) and iShares Russell 1000 Growth (IWF, 3.4%). Compared with Q2 2025, it opened 15 new positions, sold out of 7, added to 76 and reduced 59. The biggest buy was AppLovin Class A (APP, shares +95%) and the biggest sale First Trust Enh Short Mat FD (FTSM, shares −31%).

Most Recent 13F
Q2 2026
Location
ENCINO, CA
CIK
0001927796
Portfolio Value
$130.2M (Q3 2025)
SEC Filing
0001927796-25-000002 ↗ filed Oct 16, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $100.5M Q1 2024 Q2 2024: $104.4M Q2 2024 Q3 2024: $112.2M Q3 2024 Q4 2024: $114.2M Q4 2024 Q1 2025: $108.2M Q1 2025 Q2 2025: $118.7M Q2 2025 Q3 2025: $130.2M $130.2M Q3 2025 Q4 2025: $139.1M Q4 2025 Q1 2026: $134.2M Q1 2026 Q2 2026: $159.7M Q2 2026

Holdings 160 stocks · $130.2M
NVDA Nvidia Corp. 5.72% 39,930 $7.5M Reduce -2.9%
AAPL Apple Inc. 3.80% 19,429 $4.9M Reduce -1.6%
IWF iShares Russell 1000 Growth 3.45% 9,580 $4.5M Reduce -0.6%
MSFT Microsoft Corp. 3.43% 8,625 $4.5M Add +2.3%
RDVY First Trust Rising Dividend 3.05% 58,995 $4.0M Add +3.4%
AMZN Amazon.com Inc. 2.29% 13,607 $3.0M Add +1.2%
AVGO Broadcom Inc. 2.22% 8,748 $2.9M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 2.04% 5,289 $2.7M Add +17.6%
GOOGL Alphabet Inc. Class A 1.94% 10,377 $2.5M Reduce -0.7%
CATY Cathay General Bancorp 1.56% 42,432 $2.0M Reduce -1.7%
GS Goldman Sachs Group Inc. 1.47% 2,396 $1.9M Reduce -3.5%
ABBV Abbvie Inc. 1.35% 7,596 $1.8M Add +0.6%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 1.34% 4,346 $1.7M Reduce -1.3%
LRCX Lam Research Corp. 1.31% 12,787 $1.7M Add +2.1%
IWP iShares Russell Mid-Cap Grow 1.26% 11,520 $1.6M Add +3.8%
PLTR Palantir Technologies Inc. Class A 1.25% 8,890 $1.6M Reduce -0.7%
QQQ Invesco QQQ Trust Series 1 1.23% 2,657 $1.6M Reduce -2.7%
JPM JPMorgan Chase & Co. 1.20% 4,937 $1.6M Reduce -1.0%
ISRG Intuitive Surgical Inc. 1.18% 3,436 $1.5M No change
BBSI Barrett Business SVCS Inc. 1.16% 34,053 $1.5M Reduce -4.1%
PWV Invesco Large Cap Value ETF 1.13% 22,582 $1.5M Add +0.4%
ARM Arm Holdings PLC-ADR 1.12% 10,285 $1.5M Add +1.9%
AMD Advanced Micro Devices 1.08% 8,722 $1.4M Reduce -2.6%
IYW iShares Ustechnology ETF 0.99% 6,611 $1.3M Add +0.0%
V Visa Inc. Class A 0.99% 3,770 $1.3M Add +0.8%
IJT iShares S&P Small-Cap 600 GR 0.98% 8,997 $1.3M Add +0.2%
AMAT Applied Materials Inc. 0.98% 6,202 $1.3M Add +4.5%
ASML ASML Holding NV-NY Reg SHS 0.89% 1,199 $1.2M Add +9.0%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.89% 3,885 $1.2M Reduce -3.0%
JSML Janus Hender SM Cap GRW Alph 0.82% 14,275 $1.1M Add +2.5%
IJH iShares Core S&P Midcap ETF 0.81% 16,065 $1.0M Add +0.1%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.77% 5,777 $1.0M Reduce -0.6%
FTSM First Trust Enh Short Mat FD 0.75% 16,313 $977K Reduce -30.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.73% 1,995 $957K Add +0.1%
SPYG SS SPDR P S&P 500 Growth ETF 0.69% 8,635 $902K Reduce -3.3%
VIG Vanguard Dividend Apprec ETF 0.68% 4,129 $891K Add +0.4%
WMT Walmart Inc. 0.68% 8,623 $889K Add +7.0%
VUSE Vident US Eqty Strat ETF 0.68% 13,293 $883K Reduce -4.3%
FTNT Fortinet Inc. 0.68% 10,475 $881K Add +11.4%
CRWD CrowdStrike Holdings Inc. Class A 0.67% 1,779 $872K Reduce -0.6%
BX Blackstone Inc. 0.67% 5,080 $868K Reduce -0.1%
APP AppLovin Corp. Class A 0.65% 1,184 $851K Add +95.4%
IMCG iShares Morningstar Mid-Cap 0.64% 10,054 $832K Add +1.4%
PG The Procter & Gamble Co. 0.63% 5,379 $826K Reduce -0.4%
ABT Abbott Laboratories 0.63% 6,117 $819K Add +1.3%
FAD First Trust Multi Cap Growth 0.63% 5,087 $817K Add +0.3%
ORCL Oracle Corp. 0.62% 2,875 $809K Add +0.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.61% 3,794 $792K Add +0.2%
CZA Invesco Zacks Mid-Cap ETF 0.58% 6,829 $750K Reduce -1.8%
PAVE Global X US Infrastructure 0.56% 15,445 $736K Add +11.9%
MS Morgan Stanley 0.56% 4,627 $736K Reduce -0.8%
DFAT Dimensional US Target Value 0.55% 12,343 $718K Add +0.7%
GD General Dynamics Corp. 0.55% 2,104 $718K Add +0.2%
LLY Eli Lilly & Co. 0.55% 936 $714K Add +5.9%
T AT&T Inc. 0.54% 24,983 $706K Reduce -0.1%
UNH Unitedhealth Group Inc. 0.54% 2,042 $705K Reduce -11.1%
MDYG SS SPDR S&P 400 MC GR ETF 0.54% 7,680 $703K Reduce -3.7%
RPG Invesco S&P 500 Pure Growth 0.53% 14,431 $689K Reduce -2.4%
FYC First Trust Small Cap Growth 0.52% 7,445 $675K Add +1.3%
META Meta Platforms Inc. Class A 0.51% 896 $658K Add +3.8%
NOW ServiceNow Inc. 0.50% 707 $651K Add +6.8%
MRK Merck & Co. Inc. 0.50% 7,722 $648K Reduce -3.4%
AMGN Amgen Inc. 0.49% 2,283 $644K Reduce -25.1%
TSM Taiwan Semiconductor-SP ADR 0.49% 2,280 $637K Reduce -2.4%
TMO Thermo Fisher Scientific Inc. 0.49% 1,303 $632K Add +13.1%
FVD First Trust Value Line DVD 0.48% 13,561 $627K Reduce -9.5%
HUM Humana Inc. 0.48% 2,391 $622K Add +9.7%
RZG Invesco S&P Smallcap 600 Pur 0.47% 11,322 $617K Add +0.1%
IVV iShares Core S&P 500 ETF 0.47% 915 $613K Reduce -0.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.47% 2,062 $606K Add +5.0%
DLR Digital Realty Trust Inc. 0.47% 3,504 $606K Add +0.7%
RFG Invesco S&P Midcap 400 Pure 0.45% 11,553 $589K Add +0.1%
ICE Intercontinental Exchange Inc. 0.45% 3,488 $588K Add +0.3%
GILD Gilead Sciences Inc. 0.45% 5,278 $586K Add +0.7%
HD Home Depot Inc. 0.45% 1,444 $585K Add +0.6%
IWS iShares Russell Mid-Cap Valu 0.44% 4,103 $573K Reduce -3.1%
ADP Automatic Data Processing 0.44% 1,951 $573K Add +0.5%
COST Costco Wholesale Corp. 0.44% 618 $572K Add +11.3%
CTAS Cintas Corp. 0.41% 2,611 $536K Add +0.2%
MLM Martin Marietta Materials 0.41% 842 $531K Add +0.1%
AIQ Global X Art Intel & Tech 0.40% 10,592 $523K Add +0.1%
MCD McDonald's Corp. 0.40% 1,705 $518K Add +0.6%
AIRR First Trust Rba American Ind 0.39% 5,225 $505K Add +46.4%
VYM Vanguard High DVD Yield ETF 0.38% 3,465 $488K Reduce -1.4%
LMT Lockheed Martin Corp. 0.37% 967 $483K Add +6.5%
RWK Invesco S&P Midcap 400 Rev 0.37% 3,816 $477K Reduce -4.8%
IWO iShares Russell 2000 Growth 0.36% 1,453 $465K Add +0.1%
MA Mastercard Inc. Class A 0.35% 798 $454K Add +6.8%
NTES Netease Inc.-ADR 0.35% 2,983 $453K No change
QWLD State Street SPDR MSCI World 0.34% 3,171 $445K No change
IJR iShares Core S&P Small-Cap E 0.34% 3,730 $443K Reduce -2.3%
GOOG Alphabet Inc. Class C 0.34% 1,808 $440K Add +20.4%
IWD iShares Russell 1000 Value E 0.33% 2,102 $428K Add +0.5%
CI The Cigna Group 0.33% 1,477 $426K Reduce -8.3%
WFC Wells Fargo & Co. 0.33% 5,078 $426K Add +0.6%
PEP Pepsico Inc. 0.32% 3,005 $422K Reduce -12.3%
VRTX Vertex Pharmaceuticals Inc. 0.32% 1,075 $421K Reduce -11.6%
LOW Lowe's Cos Inc. 0.32% 1,673 $420K Add +0.5%
IVW iShares S&P 500 Growth ETF 0.32% 3,476 $420K Reduce -0.4%
CEG Constellation Energy 0.32% 1,273 $419K Reduce -4.5%
TSCO Tractor Supply Company 0.31% 7,040 $400K Add +0.3%
XMHQ Invesco S&P Midcap Qual ETF 0.31% 3,789 $398K Add +1.6%
VOO Vanguard S&P 500 ETF 0.29% 620 $379K Reduce -4.3%
NXPI NXP Semiconductors NV 0.29% 1,653 $376K No change
FTSL First Trust Senior Loan ETF 0.29% 8,103 $371K Add +1.6%
CVX Chevron Corp. 0.28% 2,360 $366K Add +3.9%
NFLX Netflix Inc. 0.28% 300 $360K New
IHDG Wisdomtree International Hed 0.27% 7,654 $353K Reduce -1.1%
ELV Elevance Health Inc. 0.27% 1,090 $352K Reduce -42.6%
CSX CSX Corp. 0.27% 9,846 $350K Add +0.4%
IJJ iShares S&P Mid-Cap 400 Valu 0.26% 2,603 $338K Add +0.4%
FDX FedEx Corp. 0.26% 1,427 $337K Reduce -4.4%
IJS iShares S&P Small-Cap 600 Va 0.26% 3,007 $333K Add +1.0%
CRM Salesforce Inc. 0.25% 1,391 $330K Add +26.1%
TRV The Travelers Cos Inc. 0.25% 1,165 $325K Add +0.4%
YUM Yum! Brands Inc. 0.25% 2,129 $324K No change
XLK SS Technology Select Sector 0.25% 1,137 $321K Add +0.1%
CSCO Cisco Systems Inc. 0.25% 4,677 $320K Add +0.6%
WCMI FT WCM International ETF 0.24% 18,775 $317K New
BLK BlackRock Inc. 0.24% 272 $317K Add +0.7%
VRT Vertiv Holdings Co. Class A 0.24% 2,078 $314K New
DGRS Wisdomtree U.S. Smallcap Qua 0.24% 6,201 $310K Reduce -35.6%
SBUX Starbucks Corp. 0.24% 3,633 $307K Reduce -5.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.24% 5,952 $307K Reduce -0.7%
NKE Nike Inc. Class B 0.23% 4,370 $305K Add +22.1%
VOOG Vanguard S&P 500 Growth ETF 0.23% 698 $304K Add +0.7%
MU Micron Technology Inc. 0.23% 1,774 $297K Reduce -14.4%
SYNA Synaptics Inc. 0.23% 4,320 $295K Reduce -9.0%
EME Emcor Group Inc. 0.23% 454 $295K No change
PEXL Pacer US Export Leaders ETF 0.22% 5,027 $288K Reduce -9.2%
SOXX iShares Semiconductor ETF 0.22% 1,051 $285K Add +12.5%
GDX Vaneck Gold Miners ETF 0.22% 3,720 $284K New
LHX L3HARRIS Technologies Inc. 0.22% 928 $283K New
EFA iShares MSCI Eafe ETF 0.22% 3,028 $283K Add +4.5%
WTV Wisdomtree U.S. Value Fund 0.21% 3,059 $278K Add +8.5%
SLYV SS SPDR S&P 600 SC Val ETF 0.21% 3,135 $278K Reduce -2.3%
WDAY Workday Inc. Class A 0.21% 1,147 $276K New
KO The Coca-Cola Co. 0.21% 4,143 $275K Add +32.7%
PH Parker Hannifin Corp. 0.20% 346 $262K New
JNJ Johnson & Johnson 0.19% 1,344 $249K Reduce -5.0%
BALI Is US LRG CP Pre Inc. Act-Usd 0.19% 7,809 $248K Reduce -19.0%
AXP American Express Co. 0.19% 745 $248K Add +2.3%
THC Tenet Healthcare Corp. 0.19% 1,205 $245K Reduce -1.6%
TEL Te Connectivity PLC 0.18% 1,094 $240K New
MOAT Vaneck Morningstar Wide Moat 0.17% 2,264 $224K Reduce -0.9%
PPC Pilgrim's Pride Corp. 0.17% 5,500 $224K No change
EQT Eqt Corp. 0.17% 4,099 $223K New
FPX First Trust US Equity Opport 0.17% 1,331 $221K New
RBLX Roblox Corp. Class A 0.17% 1,555 $215K New
SYY Sysco Corp. 0.16% 2,606 $215K Reduce -11.7%
REGN Regeneron Pharmaceuticals 0.16% 379 $213K Reduce -19.2%
TRFK Pacer Data and Digital Rev 0.16% 3,168 $212K New
ANET Arista Networks Inc. 0.16% 1,415 $206K New
SPYI Neos S&P 500 High Income ETF 0.16% 3,942 $206K Reduce -6.2%
CAH Cardinal Health Inc. 0.16% 1,308 $205K Add +0.3%
EW Edwards Lifesciences Corp. 0.16% 2,640 $205K No change
IWY iShares Russell Top 200 Grow 0.16% 747 $204K New
DON Wisdomtree US Midcap Dividen 0.16% 3,876 $203K New
PFN PIMCO Income Strategy FD II 0.06% 11,011 $84K No change
XAWPX Abrdn Global Premier Propert 0.03% 10,100 $40K No change

Portfolio Sells Q2 2025 → Q3 2025
FTSM First Trust Enh Short Mat FD Reduce -30.6% 0.75% −0.43
ELV Elevance Health Inc. Reduce -42.6% 0.27% −0.35
MMM 3M Co. Sold out 0.00% −0.25
SNPS Synopsys Inc. Sold out 0.00% −0.23
SNY Sanofi-ADR Sold out 0.00% −0.22
AMGN Amgen Inc. Reduce -25.1% 0.49% −0.22
ACN Accenture PLC Class A Sold out 0.00% −0.22
COO The Cooper Cos Inc. Sold out 0.00% −0.21
AXON Axon Enterprise Inc. Sold out 0.00% −0.18
USMV iShares MSCI USA Min Vol Fac Sold out 0.00% −0.18
DGRS Wisdomtree U.S. Smallcap Qua Reduce -35.6% 0.24% −0.14
VRTX Vertex Pharmaceuticals Inc. Reduce -11.6% 0.32% −0.13
CI The Cigna Group Reduce -8.3% 0.33% −0.12
CRWD CrowdStrike Holdings Inc. Class A Reduce -0.6% 0.67% −0.10
CATY Cathay General Bancorp Reduce -1.7% 1.56% −0.09
PG The Procter & Gamble Co. Reduce -0.4% 0.63% −0.09
BBSI Barrett Business SVCS Inc. Reduce -4.1% 1.16% −0.09
FVD First Trust Value Line DVD Reduce -9.5% 0.48% −0.08
T AT&T Inc. Reduce -0.1% 0.54% −0.07
UNH Unitedhealth Group Inc. Reduce -11.1% 0.54% −0.06
SBUX Starbucks Corp. Reduce -5.0% 0.24% −0.06
VUSE Vident US Eqty Strat ETF Reduce -4.3% 0.68% −0.06
PEP Pepsico Inc. Reduce -12.3% 0.32% −0.06
BALI Is US LRG CP Pre Inc. Act-Usd Reduce -19.0% 0.19% −0.05
CZA Invesco Zacks Mid-Cap ETF Reduce -1.8% 0.58% −0.05
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -3.0% 0.89% −0.05
REGN Regeneron Pharmaceuticals Reduce -19.2% 0.16% −0.04
MDYG SS SPDR S&P 400 MC GR ETF Reduce -3.7% 0.54% −0.04
QQQ Invesco QQQ Trust Series 1 Reduce -2.7% 1.23% −0.04
RPG Invesco S&P 500 Pure Growth Reduce -2.4% 0.53% −0.04
CEG Constellation Energy Reduce -4.5% 0.32% −0.04
MRK Merck & Co. Inc. Reduce -3.4% 0.50% −0.04
SYNA Synaptics Inc. Reduce -9.0% 0.23% −0.03
IWS iShares Russell Mid-Cap Valu Reduce -3.1% 0.44% −0.03
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -0.6% 0.77% −0.03
RWK Invesco S&P Midcap 400 Rev Reduce -4.8% 0.37% −0.03
FDX FedEx Corp. Reduce -4.4% 0.26% −0.03
SPYG SS SPDR P S&P 500 Growth ETF Reduce -3.3% 0.69% −0.02
SYY Sysco Corp. Reduce -11.7% 0.16% −0.02
IHDG Wisdomtree International Hed Reduce -1.1% 0.27% −0.02
JPM JPMorgan Chase & Co. Reduce -1.0% 1.20% −0.02
PEXL Pacer US Export Leaders ETF Reduce -9.2% 0.22% −0.02
SPYI Neos S&P 500 High Income ETF Reduce -6.2% 0.16% −0.02
VYM Vanguard High DVD Yield ETF Reduce -1.4% 0.38% −0.02
VOO Vanguard S&P 500 ETF Reduce -4.3% 0.29% −0.02
GS Goldman Sachs Group Inc. Reduce -3.5% 1.47% −0.01
MGK Vngrd Mrgstr MG CP GR ETF-Ui Reduce -1.3% 1.34% −0.01
IJR iShares Core S&P Small-Cap E Reduce -2.3% 0.34% −0.01
IVV iShares Core S&P 500 ETF Reduce -0.2% 0.47% −0.01
MOAT Vaneck Morningstar Wide Moat Reduce -0.9% 0.17% −0.01

Portfolio Buys Q2 2025 → Q3 2025
APP AppLovin Corp. Class A Add +95.4% 0.65% +0.47
LRCX Lam Research Corp. Add +2.1% 1.31% +0.29
NFLX Netflix Inc. New 0.28% +0.28
WCMI FT WCM International ETF New 0.24% +0.24
VRT Vertiv Holdings Co. Class A New 0.24% +0.24
GDX Vaneck Gold Miners ETF New 0.22% +0.22
LHX L3HARRIS Technologies Inc. New 0.22% +0.22
WDAY Workday Inc. Class A New 0.21% +0.21
BRK.B Berkshire Hathaway Inc. Class B Add +17.6% 2.04% +0.20
PH Parker Hannifin Corp. New 0.20% +0.20
TEL Te Connectivity PLC New 0.18% +0.18
EQT Eqt Corp. New 0.17% +0.17
ABBV Abbvie Inc. Add +0.6% 1.35% +0.17
FPX First Trust US Equity Opport New 0.17% +0.17
RBLX Roblox Corp. Class A New 0.17% +0.17
TRFK Pacer Data and Digital Rev New 0.16% +0.16
ANET Arista Networks Inc. New 0.16% +0.16
IWY iShares Russell Top 200 Grow New 0.16% +0.16
DON Wisdomtree US Midcap Dividen New 0.16% +0.16
ASML ASML Holding NV-NY Reg SHS Add +9.0% 0.89% +0.15
AIRR First Trust Rba American Ind Add +46.4% 0.39% +0.14
GOOG Alphabet Inc. Class C Add +20.4% 0.34% +0.11
ORCL Oracle Corp. Add +0.2% 0.62% +0.09
TMO Thermo Fisher Scientific Inc. Add +13.1% 0.49% +0.09
AMAT Applied Materials Inc. Add +4.5% 0.98% +0.06
PAVE Global X US Infrastructure Add +11.9% 0.56% +0.06
GD General Dynamics Corp. Add +0.2% 0.55% +0.04
SOXX iShares Semiconductor ETF Add +12.5% 0.22% +0.03
RDVY First Trust Rising Dividend Add +3.4% 3.05% +0.03
IYW iShares Ustechnology ETF Add +0.0% 0.99% +0.03
HUM Humana Inc. Add +9.7% 0.48% +0.03
JSML Janus Hender SM Cap GRW Alph Add +2.5% 0.82% +0.03
FYC First Trust Small Cap Growth Add +1.3% 0.52% +0.03
KO The Coca-Cola Co. Add +32.7% 0.21% +0.02
NKE Nike Inc. Class B Add +22.1% 0.23% +0.02
MLM Martin Marietta Materials Add +0.1% 0.41% +0.02
WMT Walmart Inc. Add +7.0% 0.68% +0.02
LMT Lockheed Martin Corp. Add +6.5% 0.37% +0.02
AIQ Global X Art Intel & Tech Add +0.1% 0.40% +0.01
LOW Lowe's Cos Inc. Add +0.5% 0.32% +0.01
WTV Wisdomtree U.S. Value Fund Add +8.5% 0.21% +0.01
IWO iShares Russell 2000 Growth Add +0.1% 0.36% +0.01
CVX Chevron Corp. Add +3.9% 0.28% +0.01
IJS iShares S&P Small-Cap 600 Va Add +1.0% 0.26% +0.01
HD Home Depot Inc. Add +0.6% 0.45% +0.01
BLK BlackRock Inc. Add +0.7% 0.24% +0.00
XLK SS Technology Select Sector Add +0.1% 0.25% +0.00
VOOG Vanguard S&P 500 Growth ETF Add +0.7% 0.23% +0.00
FAD First Trust Multi Cap Growth Add +0.3% 0.63% +0.00
CRM Salesforce Inc. Add +26.1% 0.25% 0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 165$159.7MNVDA, RDVY, AAPL, IWF, AMD
Q1 2026 161$134.2MNVDA, AAPL, RDVY, IWF, MSFT
Q4 2025 165$139.1MNVDA, AAPL, IWF, RDVY, MSFT
Q3 2025 160$130.2MNVDA, AAPL, IWF, MSFT, RDVY
Q2 2025 152$118.7MNVDA, MSFT, IWF, AAPL, RDVY
Q1 2025 146$108.2MNVDA, AAPL, IWF, RDVY, MSFT
Q4 2024 154$114.2MNVDA, AAPL, IWF, MSFT, RDVY
Q3 2024 152$112.2MNVDA, AAPL, IWF, MSFT, RDVY
Q2 2024 144$104.4MNVDA, AAPL, IWF, MSFT, RDVY
Q1 2024 138$100.5MNVDA, IWF, AAPL, MSFT, RDVY