TRB Advisors LP

Q3 2025 13F-HR/A Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
10/31/2025
Form type
13F-HR/A - RESTATEMENT
Num holdings
11
Total value ($000)
$496,326
Net value change ($000)
+79,058 (18.9%)
New positions
3
Sold out positions
3
Turnover %
16.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/30/2025 Next filing: 2/9/2026 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)
VOO 134,673 86.2%
QQQ 18,011 NEW
AAPL 6,541 20.2%
TOGA 6,524 57.9%
SPGI 4,867 NEW
CPNG 1,863 NEW
MA 69 1.2%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -34,841 -35.9%
META -29,524 -100.0%
AMZN -21,939 -100.0%
SPY -5,273 -100.0%
V -1,094 -3.9%
KKR -570 -2.3%
MCO -251 -5.0%
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