MSA Advisors, LLC

Q4 2025 13F-HR Holdings

Location
Santa Monica, CA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
31
Total value ($000)
$399,390
Net value change ($000)
-781 (-0.2%)
New positions
3
Sold out positions
2
Turnover %
9.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
SLV 30,776 NEW
GOOGL 5,045 21.5%
IBIT 4,750 NEW
AAPL 4,057 26.5%
APO 2,363 1.9%
MTN 1,168 17.0%
TPG 1,083 11.1%
LLY 779 40.8%
BODI 242 35.0%
BAC 68 6.6%
Top Reduces (Value $000, Stocks/ETFs)
SPY -13,638 -18.0%
SPOT -12,367 -83.3%
LYV -9,176 -30.3%
DIS -6,442 -66.4%
SHOP -2,898 -100.0%
MSFT -2,555 -12.8%
WBD -1,109 -100.0%
JPM -1,028 -10.4%
META -927 -5.5%
KLAR -772 -21.1%
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