LYELL WEALTH MANAGEMENT, LP

Q4 2025 13F-HR Holdings

Location
Menlo Park, CA
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
213
Total value ($000)
$1,380,997
Net value change ($000)
+34,697 (2.6%)
New positions
9
Sold out positions
7
Turnover %
1.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/6/2025 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)
GOOGL 19,850 53.4%
ISRG 4,958 30.5%
GOOGL 4,300 19.1%
TMO 3,937 24.8%
AMD 3,762 29.4%
AAPL 3,735 8.1%
CAT 3,274 18.1%
AMZN 3,030 8.1%
SMH 2,753 10.9%
AVGO 2,539 46.9%
Top Reduces (Value $000, Stocks/ETFs)
IBDQ -6,463 -100.0%
ZTS -5,774 -87.2%
NOW -4,371 -18.0%
WDAY -4,256 -21.7%
VEEV -3,942 -24.4%
PANW -3,201 -9.3%
LEN -2,908 -26.4%
HD -2,487 -13.5%
UBER -2,380 -12.9%
DHI -2,379 -11.8%
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