SKY-MOUNTAIN CAPITAL MANAGEMENT, INC.

Q4 2025 13F-HR Holdings

Location
Ketchum, ID
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
37
Total value ($000)
$150,357
Net value change ($000)
+7,136 (5.0%)
New positions
2
Sold out positions
3
Turnover %
2.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/30/2025 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)
GLD 7,228 34.6%
DBMF 2,927 NEW
USFR 1,354 2.2%
COST 537 NEW
VYM 408 10.1%
AMZN 356 47.7%
GOOGL 293 46.1%
VBR 268 18.0%
BRK-B 225 20.1%
GOOGL 225 32.4%
Top Reduces (Value $000, Stocks/ETFs)
FBTC -4,131 -24.8%
MSTR -2,015 -48.1%
VNQ -403 -100.0%
NKE -330 -5.7%
AAPL -233 -5.6%
ORCL -225 -100.0%
RWO -187 -46.3%
NVDA -180 -8.3%
TJX -73 -14.6%
AMD -36 -8.4%
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