Telos Capital Management, Inc.

Q4 2025 13F-HR Holdings

Location
San Diego, CA
Holdings as of
12/31/2025
Date filed
1/22/2026
Form type
13F-HR
Num holdings
196
Total value ($000)
$1,072,571
Net value change ($000)
+28,811 (2.8%)
New positions
8
Sold out positions
6
Turnover %
0.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2025 Next filing: 4/16/2026 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)
EOG 6,708 87.6%
GOOGL 5,805 21.4%
AVEM 4,762 494.5%
GOOGL 3,458 23.7%
AAPL 2,851 4.9%
NKE 2,242 NEW
NOW 1,987 34.2%
VRTX 1,846 22.2%
IQV 1,592 19.0%
DHR 1,264 13.1%
Top Reduces (Value $000, Stocks/ETFs)
J -3,673 -26.7%
ORCL -3,326 -28.3%
HD -2,851 -11.8%
PANW -1,367 -8.5%
NOC -1,366 -7.5%
PG -1,271 -7.3%
PYPL -1,127 -16.1%
TE CONNECTIVITY PLC -1,118 -10.9%
CARR -1,034 -9.5%
MSFT -1,028 -6.6%
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