CIK: 0001962086
Total reported value
$1.1B
Reporting period: 2026-03-31 · Number of holdings: 119
SP Asset Management LLC disclosed 119 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.1B and a quarterly turnover rate of 15.0%.
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SP Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.053 — mathematically equivalent to about 19 equally-sized positions, well below its 119 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.32), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim QCOM
-36.8% -$12.8M
Trim META
-0.5% -$31.1M
Add XLE
-3.7% $5.1M
Add ADI
-0.2% $3.4M
Add JNJ
-0.1% $3.3M
Add XOM
-1.2% $3.8M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | Stock-Comm Services | 17.23% | -0.67% | -0.49% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 7.93% | +0.39% | -1.20% | |
| 3 | AAPL | Apple INC | Stock-Tech | 5.00% | +0.24% | +0.82% | |
| 4 | VUG | Vanguard Growth ETF | ETF-Other | 4.69% | +0.22% | +5.17% | |
| 5 | ABBV | Abbvie INC | Stock-Healthcare | 4.34% | +0.21% | -1.07% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.71% | +0.06% | -0.72% | |
| 7 | VO | Vanguard Mid-cap ETF | ETF-Other | 3.32% | — | +2.43% | |
| 8 | UNH | Unitedhealth Group INC | Stock-Healthcare | 3.29% | -0.30% | +0.12% | |
| 9 | IGV | Ishares Expanded Tech-softwa | ETF-Tech | 3.09% | -0.40% | +4.78% | |
| 10 | MSFT | Microsoft CORP | Stock-Tech | 2.94% | -0.20% | +9.50% | |
| 11 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.44% | -0.03% | -1.88% | |
| 12 | VB | Vanguard Small-cap ETF | ETF-Other | 2.36% | — | -2.18% | |
| 13 | XLV | Ss Health Care Select Sector | ETF-Other | 2.22% | +0.08% | -1.92% | |
| 14 | ADI | Analog Devices INC | Stock-Tech | 2.07% | +0.48% | -0.22% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.92% | +0.46% | -0.14% | |
| 16 | WFC | Wells Fargo & Co | Stock-Financials | 1.91% | -0.10% | -0.28% | |
| 17 | XLE | Ss Energy Select Sector | ETF-Other | 1.85% | +0.59% | -3.66% | |
| 18 | BAC | Bank Of America CORP | Stock-Financials | 1.65% | -0.03% | -0.86% | |
| 19 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.48% | -0.01% | -2.30% | |
| 20 | ORCL | Oracle CORP | Stock-Tech | 1.36% | -0.27% | -0.71% | |
| 21 | MRK | Merck & Co. INC. | Stock-Healthcare | 1.23% | +0.26% | -1.38% | |
| 22 | HD | Home Depot INC | Stock-Consumer Disc | 1.21% | +0.05% | -2.57% | |
| 23 | XOM | Exxon Mobil CORP | Stock-Energy | 1.20% | +0.43% | -1.23% | |
| 24 | ABT | Abbott Laboratories | Stock-Healthcare | 1.15% | -0.11% | -0.49% | |
| 25 | PM | Philip Morris International | Stock-Consumer Staples | 1.03% | — | +0.96% | |
| 26 | QCOM | Qualcomm INC | Stock-Tech | 1.03% | -0.90% | -36.76% | |
| 27 | NVDA | Nvidia CORP | Stock-Tech | 0.99% | -0.15% | -16.37% | |
| 28 | VHT | Vanguard Health Care ETF | ETF-Other | 0.96% | +0.21% | +21.76% | |
| 29 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.94% | +0.03% | -2.69% | |
| 30 | AXP | American Express Co | Stock-Financials | 0.90% | -0.09% | +0.07% | |
| 31 | AMD | Advanced Micro Devices | Stock-Tech | 0.78% | — | +0.19% | |
| 32 | IBB | Ishares Biotechnology ETF | ETF-Tech | 0.62% | — | -1.80% | |
| 33 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.59% | — | -3.23% | |
| 34 | IYH | Ishares U.s. Healthcare ETF | ETF-Other | 0.56% | — | -0.24% | |
| 35 | AMAT | Applied Materials INC | Stock-Tech | 0.53% | +0.15% | -6.09% | |
| 36 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.51% | — | -1.05% | |
| 37 | V | Visa Inc-class A Shares | Stock-Financials | 0.51% | -0.04% | -3.44% | |
| 38 | HON | Honeywell International INC | Stock-Industrials | 0.48% | — | -3.61% | |
| 39 | NTNX | Nutanix INC - A | Stock-Tech | 0.47% | -0.10% | — | |
| 40 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 0.44% | -0.01% | -12.21% | |
| 41 | ICSH | Ishares Ultra Short Duration | ETF-Other | 0.42% | — | -5.63% | |
| 42 | PEP | Pepsico INC | Stock-Consumer Staples | 0.39% | — | -4.40% | |
| 43 | IXN | Ishares Global Tech ETF | ETF-Tech | 0.39% | — | -1.24% | |
| 44 | CRM | Salesforce INC | Stock-Tech | 0.38% | -0.12% | -2.32% | |
| 45 | LH | Labcorp Holdings INC | Stock-Healthcare | 0.33% | — | -0.48% | |
| 46 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 0.29% | — | -3.66% | |
| 47 | PFF | Ishares Preferred & Income S | ETF-Other | 0.29% | — | +0.62% | |
| 48 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.28% | -0.11% | -23.62% | |
| 49 | AVGO | Broadcom INC | Stock-Tech | 0.27% | -0.02% | -7.64% | |
| 50 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.26% | — | -7.22% |
Performance for Q3 2026
+6.4%
Performance Last 4 Quarters
+15%
Based on 77% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 119 | $1.1B | 15 | |
| 2025-12-31 | 137 | $1.3B | 10 | |
| 2025-09-30 | 139 | $1.3B | 23 | |
| 2025-06-30 | 132 | $1.2B | 0 | |
| 2025-03-31 | 120 | $1.1B | 0 | |
| 2024-12-31 | 129 | $1.2B | 0 | |
| 2024-09-30 | 133 | $1.2B | 0 | |
| 2024-06-30 | 130 | $1.1B | 0 | |
| 2024-03-31 | 123 | $1.1B | 0 | |
| 2023-12-31 | 117 | $975.7M | 0 | |
| 2023-09-30 | 114 | $889.9M | 0 | |
| 2023-06-30 | 113 | $896.3M | 0 | |
| 2023-03-31 | 114 | $815.4M | 0 | |
| 2022-12-31 | 110 | $747.0M | 0 |
SP Asset Management LLC's most significant position changes for 2026-03-31: Sold out: Snowflake INC (SNOW); Sold out: Block INC (XYZ); New buy: Berkshire Hathaway Inc-cl A (BRK-A); Sold out: Paypal Holdings INC (PYPL); Trim: Qualcomm INC (QCOM) — shares -36.76%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLE | Ss Energy Select Sector | +0.6% | -3.66% | Trim |
| 2 | ADI | Analog Devices INC | +0.5% | -0.22% | Trim |
| 3 | JNJ | Johnson & Johnson | +0.5% | -0.14% | Trim |
| 4 | XOM | Exxon Mobil CORP | +0.4% | -1.23% | Trim |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | +0.4% | -1.20% | Trim |
| 6 | MRK | Merck & Co. INC. | +0.3% | -1.38% | Trim |
| 7 | AAPL | Apple INC | +0.2% | +0.82% | Add |
| 8 | VUG | Vanguard Growth ETF | +0.2% | +5.17% | Add |
| 9 | ABBV | Abbvie INC | +0.2% | -1.07% | Trim |
| 10 | VHT | Vanguard Health Care ETF | +0.2% | +21.76% | Add |
| 11 | AMAT | Applied Materials INC | +0.2% | -6.09% | Trim |
| 12 | XLV | Ss Health Care Select Sector | +0.1% | -1.92% | Trim |
| 13 | GOOGL | Alphabet Inc-cl A | +0.1% | -0.72% | Trim |
| 14 | HD | Home Depot INC | +0.1% | -2.57% | Trim |
| 15 | VOO | Vanguard S&p 500 ETF | 0% | -2.69% | Trim |
| 16 | GOOG | Alphabet Inc-cl C | 0% | -2.30% | Trim |
| 17 | BIL | Ss Spdr Bb 1-3m T-bill ETF | 0% | -12.21% | Trim |
| 18 | AVGO | Broadcom INC | 0% | -7.64% | Trim |
| 19 | AMZN | Amazon.com INC | 0% | -1.88% | Trim |
| 20 | BAC | Bank Of America CORP | 0% | -0.86% | Trim |
| 21 | V | Visa Inc-class A Shares | 0% | -3.44% | Trim |
| 22 | VUSB | Vanguard Ultra Short Bond Et | -0.1% | -26.73% | Trim |
| 23 | VTEB | Vanguard Tax-exempt Bond ETF | -0.1% | -28.09% | Trim |
| 24 | SKYY | First Trust Cloud Computing | -0.1% | -27.46% | Trim |
| 25 | FDN | First Trust Dj Internet Ind | -0.1% | -27.48% | Trim |
| 26 | CTSH | Cognizant Tech Solutions-a | -0.1% | -2.86% | Trim |
| 27 | TSLA | Tesla INC | -0.1% | -30.23% | Trim |
| 28 | INTC | Intel CORP | -0.1% | -64.13% | Trim |
| 29 | RBRK | Rubrik Inc-a | -0.1% | — | Unchanged |
| 30 | AXP | American Express Co | -0.1% | +0.07% | Add |
| 31 | WFC | Wells Fargo & Co | -0.1% | -0.28% | Trim |
| 32 | NTNX | Nutanix INC - A | -0.1% | — | Unchanged |
| 33 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -38.54% | Trim |
| 34 | FRSH | Freshworks Inc-cl A | -0.1% | -28.49% | Trim |
| 35 | ABT | Abbott Laboratories | -0.1% | -0.49% | Trim |
| 36 | NKE | Nike INC -cl B | -0.1% | -23.62% | Trim |
| 37 | CRM | Salesforce INC | -0.1% | -2.32% | Trim |
| 38 | IWF | Ishares Russell 1000 Growth | -0.1% | -82.61% | Trim |
| 39 | NVDA | Nvidia CORP | -0.2% | -16.37% | Trim |
| 40 | IVV | Ishares Core S&p 500 ETF | -0.2% | -66.89% | Trim |
| 41 | MSFT | Microsoft CORP | -0.2% | +9.50% | Add |
| 42 | ORCL | Oracle CORP | -0.3% | -0.71% | Trim |
| 43 | UNH | Unitedhealth Group INC | -0.3% | +0.12% | Add |
| 44 | IGV | Ishares Expanded Tech-softwa | -0.4% | +4.78% | Add |
| 45 | META | Meta Platforms Inc-class A | -0.7% | -0.49% | Trim |
| 46 | QCOM | Qualcomm INC | -0.9% | -36.76% | Trim |
| 47 | SNOW | Snowflake INC | — | EXIT | Sold out |
| 48 | XYZ | Block INC | — | EXIT | Sold out |
| 49 | BRK-A | Berkshire Hathaway Inc-cl A | — | NEW | New buy |
| 50 | PYPL | Paypal Holdings INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-07 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-28 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-04 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-06 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-08 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-06 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-07 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-08 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-07 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-03 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-03 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-05 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-01 | 13F-HR | View on EDGAR |
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