Telos Capital Management, Inc.

Q3 2025 13F-HR Holdings

Location
San Diego, CA
Holdings as of
9/30/2025
Date filed
11/4/2025
Form type
13F-HR
Num holdings
194
Total value ($000)
$1,043,760
Net value change ($000)
+61,548 (6.3%)
New positions
8
Sold out positions
10
Turnover %
1.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 1/22/2026 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)
AAPL 11,361 24.1%
GOOGL 7,349 37.1%
AVDV 7,048 166.6%
GOOGL 4,159 39.9%
NOC 3,199 21.3%
HD 2,965 14.0%
MS 2,255 11.2%
TE CONNECTIVITY PLC 2,206 27.3%
ASML 2,180 26.2%
PEP 2,045 11.4%
Top Reduces (Value $000, Stocks/ETFs)
UPS -7,553 -79.9%
DLS -5,957 -96.0%
ADBE -3,548 -100.0%
ACN -2,554 -100.0%
ZTS -2,007 -100.0%
CARR -1,730 -13.7%
EWY -710 -100.0%
AMTM -664 -12.7%
LLY -661 -25.9%
HON -607 -6.2%
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