SP Asset Management LLC

Q4 2025 13F-HR Holdings

Location
Cupertino, CA
Holdings as of
12/31/2025
Date filed
1/28/2026
Form type
13F-HR
Num holdings
137
Total value ($000)
$1,264,938
Net value change ($000)
+4,983 (0.4%)
New positions
5
Sold out positions
7
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2025 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)
UNH 20,469 82.0%
GOOGL 10,350 28.9%
GOOGL 4,116 28.0%
AAPL 3,517 6.2%
XLV 2,836 11.7%
WFC 2,449 10.6%
MRK 2,405 24.2%
JNJ 1,975 12.0%
ADI 1,948 10.7%
AMD 1,585 20.6%
Top Reduces (Value $000, Stocks/ETFs)
META -24,979 -9.9%
ORCL -9,302 -31.1%
IGV -4,334 -8.9%
MSFT -3,262 -7.6%
NTNX -3,182 -30.5%
HD -2,836 -16.2%
NVDA -2,655 -15.6%
ABT -1,035 -6.1%
NFLX -864 -24.2%
NKE -737 -12.9%
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