Orion Capital Management LLC

Q4 2025 13F-HR Holdings

Location
Coronado, CA
Holdings as of
12/31/2025
Date filed
2/3/2026
Form type
13F-HR
Num holdings
498
Total value ($000)
$297,445
Net value change ($000)
+9,615 (3.3%)
New positions
23
Sold out positions
77
Turnover %
0.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 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)
JAAA 4,007 22.7%
GOOGL 1,372 23.7%
IVV 1,216 5.1%
ISRG 954 22.6%
AVIG 732 441.0%
SGOV 726 2.1%
GOOGL 612 28.5%
AAPL 479 4.1%
AVDE 454 11.3%
AVUS 451 3.3%
Top Reduces (Value $000, Stocks/ETFs)
VEEV -670 -26.8%
MSFT -622 -10.6%
ORLY -447 -15.4%
NFLX -426 -26.0%
FOUR -306 -36.6%
ARE -294 -88.6%
TTD -272 -26.2%
WPC -271 -37.5%
SCHD -270 -7.7%
PINS -264 -51.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,121 (0.4% 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