Fjell Capital, LLC — Q3 2025 13F Holdings

Name: Fjell Capital, LLC — 13F Holdings, Q3 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0002053350

Total reported value

$130.0M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	DWLD	Davis Select Worldwide ETF	ETF-Other	9.69%	-0.08%	-0.90%
2	UITB	Victoryshares Core Intermedi	ETF-Other	6.03%	+0.46%	+2.46%
3	BIL	Ss Spdr Bb 1-3m T-bill ETF	ETF-Gov Bonds	5.09%	-1.89%	+0.45%
4	MSFT	Microsoft CORP	Stock-Tech	4.19%	-0.82%	-0.38%
5	NVDA	Nvidia CORP	Stock-Tech	4.15%	-0.33%	-1.11%
6	GTO	Invesco Total Return Bond Et	ETF-Other	4.07%	—	-4.46%
7	AVGO	Broadcom INC	Stock-Tech	4.02%	-0.47%	-2.07%
8	USIG	Ishares Broad Usd Investment	ETF-Other	3.81%	+0.37%	+5.24%
9	VO	Vanguard Mid-cap ETF	ETF-Other	3.72%	—	-3.34%
10	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	3.22%	-0.37%	-0.80%
11	AAPL	Apple INC	Stock-Tech	3.20%	-0.20%	-6.92%
12	AMZN	Amazon.com INC	Stock-Consumer Disc	2.89%	-0.14%	-1.86%
13	VUG	Vanguard Growth ETF	ETF-Other	2.82%	-0.78%	-7.09%
14	PSH	Pgim Short Duration High Yld	ETF-Other	2.72%	—	-1.01%
15	BINV	Brandes International ETF	ETF-Other	2.56%	+0.18%	+0.19%
16	CGGR	Cap Group Growth Equity	ETF-Other	2.30%	+0.06%	-6.47%
17	META	Meta Platforms Inc-class A	Stock-Comm Services	2.13%	-0.10%	+0.15%
18	COST	Costco Wholesale CORP	Stock-Consumer Staples	2.06%	+0.51%	+0.72%
19	KLAC	Kla CORP	Stock-Tech	1.95%	+0.41%	-6.03%
20	VTV	Vanguard Value ETF	ETF-Other	1.94%	-0.38%	-1.23%
21	JPM	Jpmorgan Chase & Co	Stock-Financials	1.69%	-0.05%	+1.60%
22	HYFI	AB High Yield ETF	ETF-High Yield	1.55%	—	-3.55%
23	PHYL	Pgim Active High Yield Bond	ETF-High Yield	1.53%	—	-5.01%
24	WM	Waste Management INC	Stock-Industrials	1.40%	+0.15%	+14.61%
25	RTX	Rtx CORP	Stock-Industrials	1.17%	—	-0.20%
26	AMD	Advanced Micro Devices	Stock-Tech	1.15%	-0.06%	-11.01%
27	BX	Blackstone INC	Stock-Financials	1.13%	-0.12%	-1.42%
28	CVX	Chevron CORP	Stock-Energy	1.09%	+0.39%	-0.05%
29	NEE	Nextera Energy INC	Stock-Utilities	1.06%	+0.23%	+2.35%
30	XLK	Ss Technology Select Sector	ETF-Tech	1.05%	+0.15%	-3.15%
31	DE	Deere & Co	Stock-Industrials	1.04%	+0.24%	+1.01%
32	ICE	Intercontinental Exchange In	Stock-Financials	1.02%	+0.08%	+13.91%
33	HD	Home Depot INC	Stock-Consumer Disc	0.98%	—	-2.75%
34	ARES	Ares Management CORP - A	Stock-Financials	0.98%	-0.25%	-1.74%
35	MRK	Merck & Co. INC.	Stock-Healthcare	0.96%	+0.20%	+2.98%
36	MRSH	Marsh & Mclennan Cos	Stock-Financials	0.84%	—	+1.62%
37	CMG	Chipotle Mexican Grill INC	Stock-Consumer Disc	0.79%	—	+3.34%
38	XLF	Ss Financial Select Sector	ETF-Other	0.67%	—	—
39	CRM	Salesforce INC	Stock-Tech	0.59%	-0.18%	-44.05%
40	XLY	Ss Consumer Disc Select Sect	ETF-Other	0.51%	—	+141.52%
41	ADBE	Adobe INC	Stock-Tech	0.50%	-0.10%	-33.72%
42	VGT	Vanguard Info Tech ETF	ETF-Tech	0.48%	—	-0.54%
43	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.48%	-0.05%	—
44	KKR	Kkr & Co INC	Stock-Financials	0.46%	-0.20%	-2.12%
45	UNP	Union Pacific CORP	Stock-Industrials	0.44%	—	-0.14%
46	DHR	Danaher CORP	Stock-Healthcare	0.44%	-0.05%	+2.77%
47	LOW	Lowe's Cos INC	Stock-Consumer Disc	0.43%	—	+0.05%
48	XLI	Ss Industrial Select Sector	ETF-Other	0.42%	—	—
49	XLP	Ss Consumer Staples Sel Sect	ETF-Other	0.36%	—	—
50	CASY	Casey's General Stores INC	Stock-Consumer Disc	0.35%	+0.33%	—

1–50 of 58

Holding changes this quarter

Position changes disclosed by Fjell Capital, LLC for the quarter ending Q3 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AVGO	Broadcom INC	+1.6%	-2.07%	Trim
2	NVDA	Nvidia CORP	+1.3%	-1.11%	Trim
3	GOOGL	Alphabet Inc-cl A	+0.9%	-0.80%	Add
4	MSFT	Microsoft CORP	+0.7%	-0.38%	Trim
5	KLAC	Kla CORP	+0.5%	-6.03%	Trim
6	BINV	Brandes International ETF	+0.3%	+0.19%	Add
7	META	Meta Platforms Inc-class A	+0.2%	+0.15%	Add
8	JPM	Jpmorgan Chase & Co	+0.2%	+1.60%	Add
9	VUG	Vanguard Growth ETF	+0.2%	-7.09%	Trim
10	XLK	Ss Technology Select Sector	+0.2%	-3.15%	Add
11	CGGR	Cap Group Growth Equity	+0.2%	-6.47%	Trim
12	AMD	Advanced Micro Devices	+0.2%	-11.01%	Trim
13	GOOG	Alphabet Inc-cl C	+0.1%	—	Add
14	RTX	Rtx CORP	+0.1%	-0.20%	Add
15	BX	Blackstone INC	+0.1%	-1.42%	Trim
16	VGT	Vanguard Info Tech ETF	+0.1%	-0.54%	Trim
17	VEA	Vanguard Ftse Developed ETF	0%	—	Unchanged
18	ICE	Intercontinental Exchange In	0%	+13.91%	Add
19	WM	Waste Management INC	-0.1%	+14.61%	Add
20	NEE	Nextera Energy INC	-0.1%	+2.35%	Add
21	AMZN	Amazon.com INC	-0.1%	-1.86%	Trim
22	DWLD	Davis Select Worldwide ETF	-0.1%	-0.90%	Trim
23	HD	Home Depot INC	-0.1%	-2.75%	Trim
24	ARES	Ares Management CORP - A	-0.1%	-1.74%	Trim
25	USIG	Ishares Broad Usd Investment	-0.2%	+5.24%	Add
26	VO	Vanguard Mid-cap ETF	-0.2%	-3.34%	Trim
27	AAPL	Apple INC	-0.3%	-6.92%	Trim
28	CVX	Chevron CORP	-0.3%	-0.05%	Add
29	VTV	Vanguard Value ETF	-0.3%	-1.23%	Trim
30	MRSH	Marsh & Mclennan Cos	-0.3%	+1.62%	Add
31	CMG	Chipotle Mexican Grill INC	-0.3%	+3.34%	Add
32	PSH	Pgim Short Duration High Yld	-0.5%	-1.01%	Trim
33	UITB	Victoryshares Core Intermedi	-0.6%	+2.46%	Add
34	ADBE	Adobe INC	-0.6%	-33.72%	Trim
35	CRM	Salesforce INC	-0.8%	-44.05%	Trim
36	GTO	Invesco Total Return Bond Et	-0.8%	-4.46%	Trim
37	SCHD	Schwab US Dvd Equity ETF	-1.5%	-84.43%	Trim
38	HYFI	AB High Yield ETF	-1.6%	-3.55%	Trim
39	PHYL	Pgim Active High Yield Bond	-1.7%	-5.01%	Trim
40	BIL	Ss Spdr Bb 1-3m T-bill ETF	—	NEW	New buy
41	IJR	Ishares Core S&p Small-cap E	—	EXIT	Sold out
42	UNH	Unitedhealth Group INC	—	EXIT	Sold out
43	XLF	Ss Financial Select Sector	—	NEW	New buy
44	XLY	Ss Consumer Disc Select Sect	—	NEW	New buy
45	XLI	Ss Industrial Select Sector	—	NEW	New buy
46	XLP	Ss Consumer Staples Sel Sect	—	NEW	New buy
47	CASY	Casey's General Stores INC	—	NEW	New buy
48	SO	Southern Co/the	—	NEW	New buy
49	VOX	Vanguard Communication Servi	—	NEW	New buy
50	USB	US Bancorp	—	NEW	New buy