L2 Asset Management, LLC

Q3 2025 13F-HR Holdings

Location
Wayland, MA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
363
Total value ($000)
$691,066
Net value change ($000)
+79,906 (13.1%)
New positions
44
Sold out positions
39
Turnover %
10.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BRK-B 8,955 205.6%
PREF 5,004 NEW
PFLD 4,934 NEW
APP 4,074 114.3%
SCHX 4,014 63.8%
NVDA 4,000 24.1%
UTHR 3,434 133.6%
EXEL 3,364 NEW
VTEB 3,332 37.5%
AAPL 3,282 22.9%
Top Reduces (Value $000, Stocks/ETFs)
COF -6,402 -91.0%
AMERICAN CENTURY ETF TRUST -4,748 -100.0%
PFXF -4,571 -100.0%
VOO -3,604 -100.0%
ALV -2,557 -100.0%
BURL -2,206 -74.6%
CRBG -2,161 -37.8%
MPC -2,015 -38.3%
RL -1,986 -25.5%
WFC -1,746 -27.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type