Kearns & Associates LLC

Q4 2025 13F-HR Holdings

Location
Palos Verdes Estates, CA
Holdings as of
12/31/2025
Date filed
1/8/2026
Form type
13F-HR
Num holdings
40
Total value ($000)
$193,573
Net value change ($000)
+5,192 (2.8%)
New positions
0
Sold out positions
2
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/22/2025 Next filing: 4/20/2026 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)
VTI 1,226 2.1%
VOO 1,146 2.1%
VEA 948 5.0%
AAPL 357 6.8%
GOOGL 337 28.8%
GOOGL 335 28.7%
HLF 253 52.7%
RPRX 237 9.5%
VB 149 1.5%
AXP 106 11.4%
Top Reduces (Value $000, Stocks/ETFs)
DIS -274 -100.0%
UNP -213 -100.0%
MSFT -148 -6.6%
OXY -70 -12.9%
MRSH -45 -7.8%
SYK -35 -9.9%
VNQ -15 -3.2%
EQIX -7 -2.3%
FBND -4 -0.5%
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