Baer Investment Advisory LLC

Q4 2025 13F-HR Holdings

Location
Corte Madera, CA
Holdings as of
12/31/2025
Date filed
1/21/2026
Form type
13F-HR
Num holdings
36
Total value ($000)
$105,060
Net value change ($000)
-11,605 (-9.9%)
New positions
3
Sold out positions
5
Turnover %
28.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/29/2025 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)
ECL 2,355 160.4%
IBM 2,164 NEW
RACE 1,970 NEW
EPD 1,113 77.0%
CDNS 1,056 NEW
ADI 455 10.1%
AMZN 374 6.6%
AAPL 344 10.0%
TMO 292 20.0%
CW 242 5.8%
Top Reduces (Value $000, Stocks/ETFs)
CSGP -4,431 -100.0%
COST -3,334 -100.0%
ZTS -2,984 -100.0%
APD -2,455 -100.0%
HD -2,028 -100.0%
VEEV -1,008 -21.7%
QQQ -910 -80.7%
TXN -567 -16.2%
NFLX -430 -16.5%
MSFT -262 -12.1%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 33,384 (31.8% of total reported value)
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