SP Asset Management LLC

Q3 2025 13F-HR Holdings

Location
Cupertino, CA
Holdings as of
9/30/2025
Date filed
11/4/2025
Form type
13F-HR
Num holdings
139
Total value ($000)
$1,259,955
Net value change ($000)
+48,196 (4.0%)
New positions
12
Sold out positions
5
Turnover %
0.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/6/2025 Next filing: 1/28/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
ABBV 10,623 25.3%
GOOGL 10,228 40.0%
AAPL 7,995 16.4%
ORCL 6,570 28.1%
VUG 4,657 9.1%
GOOGL 4,271 41.0%
MSFT 3,961 10.1%
BRK-B 3,444 3.7%
NVDA 2,995 21.3%
JNJ 2,659 19.3%
Top Reduces (Value $000, Stocks/ETFs)
UNH -16,719 -40.1%
AMAT -6,680 -62.1%
META -3,012 -1.2%
SSO -1,704 -33.4%
NOW -1,664 -100.0%
NTNX -1,360 -11.5%
PM -1,321 -10.5%
CRM -1,100 -16.2%
PFF -1,013 -22.5%
FRSH -684 -21.0%
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