1248 Management, LLC

Q4 2025 13F-HR Holdings

Location
Kansas City, MO
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
157
Total value ($000)
$186,944
Net value change ($000)
+9,664 (5.5%)
New positions
14
Sold out positions
13
Turnover %
5.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — 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)
CRM 5,999 494.6%
ACHR 4,622 NEW
GOOGL 3,652 29.0%
ORCL 2,782 34.1%
REGN 705 NEW
AMZN 524 5.1%
DASH 521 NEW
NVDA 489 5.8%
LLY 472 40.8%
APTV 430 1264.7%
Top Reduces (Value $000, Stocks/ETFs)
PAYS -3,225 -55.7%
DHR -1,628 -100.0%
AAPL -982 -21.7%
ALB -800 -100.0%
TMUS -776 -77.5%
NEE -656 -71.9%
MDLZ -407 -98.3%
SAP -399 -100.0%
ANET -393 -36.0%
GLW -386 -27.0%
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