Williams & Novak, LLC

Q3 2025 13F-HR Holdings

Location
Westlake Village, CA
Holdings as of
9/30/2025
Date filed
10/30/2025
Form type
13F-HR
Num holdings
140
Total value ($000)
$129,994
Net value change ($000)
+12,430 (10.6%)
New positions
22
Sold out positions
16
Turnover %
13.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/24/2025 Next filing: 2/5/2026 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)
PML 3,255 NEW
PCQ 1,506 60.7%
ZROZ 1,333 NEW
FBND 1,323 10.2%
PYLD 718 26.6%
GDX 655 64.7%
SLV 611 26.5%
COIN 582 NEW
IBM 574 NEW
RING 573 47.8%
Top Reduces (Value $000, Stocks/ETFs)
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II -1,449 -100.0%
JEPI -1,253 -100.0%
XPMQX -1,172 -100.0%
VONE -658 -51.1%
HON -650 -68.9%
TSM -648 -56.7%
HYMB -613 -100.0%
KBWP -591 -70.5%
HYD -557 -29.6%
ISRG -498 -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