Yarbrough Capital, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), Yarbrough Capital, LLC reported 155 stock positions worth $3.2 billion. Its top holding was Nvidia (NVDA) at 20.2% of the portfolio, followed by Apple (AAPL, 14.1%) and Alphabet Class A (GOOGL, 8.1%). Compared with Q2 2025, it opened 19 new positions, sold out of 15, added to 12 and reduced 11. The biggest buy was a new position in Grayscale Coindesk 5 ETF (GDLC) and the biggest sale Salesforce (CRM, shares −48%).

Most Recent 13F
Q2 2026
Location
FRANKLIN, TN
CIK
0001767686
Portfolio Value
$3.2B (Q3 2025)
SEC Filing
0001754960-25-000689 ↗ filed Oct 20, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.3B Q1 2024 Q2 2024: $2.4B Q2 2024 Q3 2024: $2.5B Q3 2024 Q4 2024: $2.6B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.8B Q2 2025 Q3 2025: $3.2B $3.2B Q3 2025 Q4 2025: $3.2B Q4 2025 Q1 2026: $2.9B Q1 2026 Q2 2026: $3.3B Q2 2026

Holdings 155 stocks · $3.2B
NVDA Nvidia Corp. 20.15% 3,470,565 $647.5M No change
AAPL Apple Inc. 14.13% 1,783,410 $454.1M No change
GOOGL Alphabet Inc. Class A 8.13% 1,073,994 $261.1M No change
META Meta Platforms Inc. Class A 6.50% 284,239 $208.7M Add +2.5%
AMZN Amazon.com Inc. 5.93% 867,132 $190.4M No change
VOO Vanguard S&P 500 ETF 4.13% 216,447 $132.5M No change
VTI VG Morningstar TS MKT ETF-US 3.18% 310,912 $102.0M No change
AVGO Broadcom Inc. 3.03% 295,503 $97.5M No change
QQQ Invesco QQQ Trust Series 1 2.70% 144,498 $86.8M No change
MSFT Microsoft Corp. 2.09% 129,794 $67.2M No change
VGT Vanguard Info Tech ETF 2.07% 89,058 $66.5M No change
VT Vanguard Tot World STK ETF 1.67% 390,377 $53.8M No change
GOOG Alphabet Inc. Class C 1.52% 199,960 $48.7M No change
HOOD Robinhood Markets Inc. Class A 1.23% 275,700 $39.5M No change
GRMN Garmin Ltd. 1.10% 143,870 $35.4M No change
XLK SS Technology Select Sector 1.07% 122,040 $34.4M No change
IBIT iShares Bitcoin Trust ETF 1.06% 524,213 $34.1M No change
JPM JPMorgan Chase & Co. 0.96% 97,875 $30.9M No change
GS Goldman Sachs Group Inc. 0.92% 37,230 $29.6M No change
IWO iShares Russell 2000 Growth 0.90% 90,335 $28.9M Reduce -5.9%
SMH Vaneck Semiconductor ETF 0.82% 81,148 $26.5M No change
QCOM Qualcomm Inc. 0.76% 147,318 $24.5M Reduce -10.6%
FANG Diamondback Energy Inc. 0.74% 167,047 $23.9M No change
SOXX iShares Semiconductor ETF 0.70% 82,383 $22.3M No change
BABA Alibaba Group Holding-SP ADR 0.62% 111,581 $19.9M No change
FENY Fidelity MSCI Energy Index 0.55% 711,695 $17.6M No change
BA The Boeing Co. 0.54% 79,645 $17.2M No change
SHOP Shopify Inc. Class A 0.51% 110,020 $16.4M No change
V Visa Inc. Class A 0.50% 47,264 $16.1M No change
BX Blackstone Inc. 0.50% 94,255 $16.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.47% 295,081 $15.2M No change
ARKF ARK Blockchain & Fintech Inn 0.42% 238,709 $13.6M No change
PLTR Palantir Technologies Inc. Class A 0.41% 72,143 $13.2M No change
MPC Marathon Petroleum Corp. 0.39% 65,706 $12.7M No change
GDLC Grayscale Coindesk 5 ETF 0.39% 222,000 $12.4M New
PINS Pinterest Inc. Class A 0.35% 350,470 $11.3M No change
XLF SS Financial Select Sector 0.34% 200,000 $10.8M No change
RTX RTX Corp. 0.31% 59,996 $10.0M No change
BP BP PLC-Spons ADR 0.30% 283,148 $9.8M No change
MELI MercadoLibre Inc. 0.29% 4,047 $9.5M No change
GLD SPDR Gold Shares 0.25% 22,747 $8.1M New
CRM Salesforce Inc. 0.25% 33,516 $7.9M Reduce -48.4%
MA Mastercard Inc. Class A 0.24% 13,720 $7.8M No change
TTWO Take-Two Interactive Softwre 0.24% 29,548 $7.6M No change
HD Home Depot Inc. 0.23% 18,538 $7.5M No change
ASML ASML Holding NV-NY Reg SHS 0.23% 7,556 $7.3M No change
PDD PDD Holdings Inc. 0.22% 53,202 $7.0M Reduce -12.1%
ITA iShares U.S. Aerospace & Def 0.20% 30,393 $6.4M No change
CRWD CrowdStrike Holdings Inc. Class A 0.19% 12,224 $6.0M Add +24.2%
APP AppLovin Corp. Class A 0.18% 8,198 $5.9M No change
STT State Street Corp. 0.18% 49,518 $5.7M No change
ORCL Oracle Corp. 0.18% 20,198 $5.7M Add +577.3%
ADBE Adobe Inc. 0.18% 16,093 $5.7M Reduce -24.8%
WDAY Workday Inc. Class A 0.17% 23,180 $5.6M Add +139.8%
AMD Advanced Micro Devices 0.17% 32,864 $5.3M No change
HCA HCA Healthcare Inc. 0.16% 11,898 $5.1M No change
TSM Taiwan Semiconductor-SP ADR 0.16% 17,970 $5.0M Add +31.6%
XOM Exxon Mobil Corp. 0.16% 44,400 $5.0M No change
ASTS Ast Spacemobile Inc. 0.15% 99,372 $4.9M Add +28.0%
ARKK ARK Innovation ETF 0.15% 56,176 $4.8M No change
ANET Arista Networks Inc. 0.15% 32,953 $4.8M No change
SOUN Soundhound AI Inc. Class A 0.14% 288,136 $4.6M No change
ACHR Archer Aviation Inc. Class A 0.14% 466,798 $4.5M No change
CVX Chevron Corp. 0.14% 28,152 $4.4M Reduce -3.3%
OXY Occidental Petroleum Corp. 0.13% 91,448 $4.3M No change
SHEL Shell PLC-ADR 0.13% 57,590 $4.1M No change
SPG Simon Property Group Inc. 0.13% 21,500 $4.0M No change
BSX Boston Scientific Corp. 0.12% 38,456 $3.8M No change
UBER Uber Technologies Inc. 0.12% 38,263 $3.7M No change
VEEV Veeva Systems Inc. Class A 0.11% 12,048 $3.6M No change
LRCX Lam Research Corp. 0.11% 25,732 $3.4M No change
XSD SS SPDR S&P Semiconductor 0.10% 10,498 $3.4M No change
WFC Wells Fargo & Co. 0.10% 37,485 $3.1M No change
QBTS D-Wave Quantum Inc. 0.09% 121,060 $3.0M No change
MAR Marriott International Class A 0.09% 10,853 $2.8M No change
JOBY Joby Aviation Inc. 0.08% 167,483 $2.7M No change
DKNG Draftkings Inc. Class A 0.08% 71,800 $2.7M No change
GEV GE Vernova Inc. 0.08% 4,076 $2.5M No change
HIG Hartford Insurance Group Inc. 0.07% 17,690 $2.4M No change
TOST Toast Inc. Class A 0.06% 53,796 $2.0M No change
IONQ Ionq Inc. 0.06% 28,992 $1.8M Add +73.6%
XPEV Xpeng Inc. - ADR 0.05% 75,347 $1.8M New
CHWY Chewy Inc. Class A 0.05% 41,674 $1.7M No change
PANW Palo Alto Networks Inc. 0.05% 8,173 $1.7M Add +14.1%
QTUM Defiance Quantum ETF 0.05% 15,069 $1.6M No change
NOW ServiceNow Inc. 0.05% 1,680 $1.5M No change
RGTI Rigetti Computing Inc. 0.05% 50,001 $1.5M No change
CVNA Carvana Co. 0.04% 3,790 $1.4M Add +37.2%
IVV iShares Core S&P 500 ETF 0.04% 2,098 $1.4M No change
WCLD Wisdomtree Cloud Computing 0.04% 38,565 $1.4M Reduce -76.7%
IGV iShares Expanded Tech-Softwa 0.03% 8,945 $1.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.03% 1,977 $994K No change
RMD Resmed Inc. 0.03% 3,252 $890K No change
MNDY Monday.com Ltd. 0.03% 4,381 $849K No change
CRWV Coreweave Inc. Class A 0.03% 6,190 $847K No change
FISV Fiserv Inc. 0.03% 6,499 $838K No change
ROL Rollins Inc. 0.03% 14,004 $823K Reduce -36.5%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.03% 8,673 $809K No change
IRTC Irhythm Holdings Inc. 0.02% 4,650 $800K No change
MRCY Mercury Systems Inc. 0.02% 9,991 $773K No change

Show all 155 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $611K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 23,959$611KNo change

Total filed on the 13F, all lines: $3.2B.

Portfolio Sells Q2 2025 → Q3 2025
CRM Salesforce Inc. Reduce -48.4% 0.25% −0.39
FBT First Trust Nyse Arca Biotec Sold out 0.00% −0.18
QCOM Qualcomm Inc. Reduce -10.6% 0.76% −0.17
WCLD Wisdomtree Cloud Computing Reduce -76.7% 0.04% −0.17
RSPT Invesco S&P 500 Equal Weight Sold out 0.00% −0.13
ADBE Adobe Inc. Reduce -24.8% 0.18% −0.12
ADSK Autodesk Inc. Sold out 0.00% −0.10
IWO iShares Russell 2000 Growth Reduce -5.9% 0.90% −0.08
PYPL PayPal Holdings Inc. Sold out 0.00% −0.08
LRN Stride Inc. Sold out 0.00% −0.04
XBI SS SPDR S&P Biotech ETF Sold out 0.00% −0.03
CW Curtiss-Wright Corp. Sold out 0.00% −0.03
BRK.A Berkshire Hathaway Inc. Class A Sold out 0.00% −0.03
PODD Insulet Corp. Reduce -49.1% 0.02% −0.03
CBZ Cbiz Inc. Reduce -46.0% 0.01% −0.02
LPLA LPL Financial Holdings Inc. Sold out 0.00% −0.02
TRMB Trimble Inc. Sold out 0.00% −0.02
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.02
ROL Rollins Inc. Reduce -36.5% 0.03% −0.02
GKOS Glaukos Corp. Sold out 0.00% −0.02
CMG Chipotle Mexican Grill Inc. Reduce -33.3% 0.01% −0.01
CVX Chevron Corp. Reduce -3.3% 0.14% −0.01
AZEK The Azek Co. Inc. Sold out 0.00% −0.01
AAON Aaon Inc. Sold out 0.00% −0.01
NFLX Netflix Inc. Sold out 0.00% −0.01
PDD PDD Holdings Inc. Reduce -12.1% 0.22% −0.01

Portfolio Buys Q2 2025 → Q3 2025
GDLC Grayscale Coindesk 5 ETF New 0.39% +0.39
GLD SPDR Gold Shares New 0.25% +0.25
ORCL Oracle Corp. Add +577.3% 0.18% +0.15
WDAY Workday Inc. Class A Add +139.8% 0.17% +0.09
XPEV Xpeng Inc. - ADR New 0.05% +0.05
TSM Taiwan Semiconductor-SP ADR Add +31.6% 0.16% +0.05
IONQ Ionq Inc. Add +73.6% 0.06% +0.03
ASTS Ast Spacemobile Inc. Add +28.0% 0.15% +0.02
XMTR Xometry Inc. Class A New 0.02% +0.02
ADPT Adaptive Biotechnologies New 0.01% +0.01
AIR Aar Corp. New 0.01% +0.01
APEI American Public Education New 0.01% +0.01
MPWR Monolithic Power Systems Inc. New 0.01% +0.01
CACI Caci International Inc. Class A New 0.01% +0.01
CVNA Carvana Co. Add +37.2% 0.04% +0.01
TMO Thermo Fisher Scientific Inc. New 0.01% +0.01
VNOM Viper Energy Inc. Class A New 0.01% +0.01
ALKT Alkami Technology Inc. New 0.01% +0.01
JLL Jones Lang Lasalle Inc. New 0.01% +0.01
MOD Modine Manufacturing Co. New 0.01% +0.01
CWAN Clearwater Analytics HDS-A New 0.01% +0.01
SN Sharkninja Inc. New 0.01% +0.01
KVYO Klaviyo Inc. Class A New 0.01% +0.01
WM Waste Management Inc. Add +90.1% 0.02% +0.01
COIN Coinbase Global Inc. Class A Add +149.8% 0.02% +0.01
BWIN Baldwin Insurance Group Inc./ New 0.01% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +24.2% 0.19% +0.01
TTD Trade Desk Inc./the Class A New 0.01% +0.01
TYL Tyler Technologies Inc. Add +99.5% 0.02% +0.01
PANW Palo Alto Networks Inc. Add +14.1% 0.05% −0.00
META Meta Platforms Inc. Class A Add +2.5% 6.50% −0.81

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 88$3.3BNVDA, AAPL, GOOGL, AMZN, META
Q1 2026 85$2.9BNVDA, AAPL, GOOGL, AMZN, META
Q4 2025 158$3.2BNVDA, AAPL, GOOGL, AMZN, META
Q3 2025 155$3.2BNVDA, AAPL, GOOGL, META, AMZN
Q2 2025 151$2.8BNVDA, AAPL, META, AMZN, GOOGL
Q1 2025 195$2.3BAAPL, NVDA, AMZN, GOOGL, META
Q4 2024 189$2.6BAAPL, NVDA, GOOGL, AMZN, META
Q3 2024 199$2.5BAAPL, NVDA, GOOGL, AMZN, META
Q2 2024 196$2.4BAAPL, NVDA, GOOGL, AMZN, META
Q1 2024 194$2.3BAAPL, AMZN, NVDA, GOOGL, META