Location
San Francisco, CA
Holdings as of
12/31/2025
Date filed
1/27/2026
Form type
13F-HR
Num holdings
196
Total value ($000)
$1,941,662
Net value change ($000)
-27,989 (-1.4%)
New positions
8
Sold out positions
18
Turnover %
2.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/30/2025 Next filing: 4/27/2026 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)
UNH 8,253 NEW
TREX 5,256 NEW
AMD 5,236 29.0%
NKE 4,881 82.8%
TMO 4,565 28.9%
GOOGL 3,978 11.7%
XBI 3,271 17.4%
DHR 2,890 14.8%
AAPL 2,393 3.2%
RYAAY 2,206 17.8%
Top Reduces (Value $000, Stocks/ETFs)
LKQ -8,238 -100.0%
CNC -8,200 -100.0%
MSFT -6,279 -8.8%
LVS -5,386 -26.2%
BABA -4,199 -21.0%
BMY -3,756 -100.0%
XRAY -3,681 -100.0%
NVDA -2,956 -7.4%
LNG -2,912 -16.9%
META -2,693 -12.5%
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