KENNICOTT CAPITAL MANAGEMENT LLC

Q4 2025 13F-HR Holdings

Location
Larkspur, CA
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
47
Total value ($000)
$206,235
Net value change ($000)
-985 (-0.5%)
New positions
1
Sold out positions
3
Turnover %
0.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 Next filing: 4/20/2026 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)
QQQ 1,158 3.2%
VUG 1,047 3.7%
VV 1,018 4.7%
SPY 993 5.7%
XLV 778 13.2%
STWD 491 NEW
VTV 399 13.5%
XLK 234 2.2%
VFH 187 9.8%
GOOGL 181 28.9%
Top Reduces (Value $000, Stocks/ETFs)
SGOV -3,444 -18.8%
RBLX -1,433 -41.5%
DOCS -577 -39.4%
VB -511 -27.7%
VBK -448 -35.4%
AAPL -405 -11.2%
XLY -324 -6.6%
VTI -306 -9.6%
GBTC -233 -100.0%
VWO -217 -100.0%
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