LM Advisors LLC

Q3 2025 13F-HR Holdings

Location
San Diego, CA
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
207
Total value ($000)
$694,217
Net value change ($000)
-82,706 (-10.6%)
New positions
28
Sold out positions
5
Turnover %
2.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/13/2026 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)
QQQ 23,977 139.1%
BRK-B 11,481 159.0%
DIA 10,526 162.6%
VOO 8,617 18.9%
GOOGL 8,227 32.4%
SPY 6,750 17.4%
EEMV 4,382 NEW
IWV 3,381 963.2%
GOOGL 3,247 37.8%
GLD 2,881 257.0%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -98,734 -84.4%
TSLA -64,287 -94.0%
AAPL -35,330 -56.8%
VNQ -3,414 -93.6%
OBDC -1,299 -43.8%
CRM -694 -14.1%
SOXL -502 -100.0%
KKR -466 -100.0%
IHI -462 -10.9%
SBAC -342 -19.9%
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