Kearns & Associates LLC

Q3 2025 13F-HR Holdings

Location
Palos Verdes Estates, CA
Holdings as of
9/30/2025
Date filed
10/22/2025
Form type
13F-HR
Num holdings
42
Total value ($000)
$188,381
Net value change ($000)
+13,937 (8.0%)
New positions
1
Sold out positions
3
Turnover %
0.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/9/2025 Next filing: 1/8/2026 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)
VTI 4,535 8.6%
VOO 3,932 7.6%
VEA 1,285 7.3%
AAPL 1,029 24.2%
VWO 688 13.0%
VB 687 7.4%
SPY 383 6.4%
GOOGL 321 37.9%
VUG 319 18.5%
GOOGL 318 37.4%
Top Reduces (Value $000, Stocks/ETFs)
BKR -288 -100.0%
COP -223 -100.0%
LOW -222 -100.0%
DIS -101 -26.9%
RPRX -53 -2.1%
MRSH -49 -7.8%
V -44 -3.9%
SYK -25 -6.6%
HLF -10 -2.0%
EQIX -4 -1.3%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type