Managers / Q2 2025 · view latest →

Select Asset Management & Trust

CIK 0001600636 · 4732 GETTYSBURG ROAD, SUITE 401, MECHANICSBURG, PA, 17055 · 7179721300

Reported Value

$292M

Q2 2025

Positions

Filings on Record

2019–present window

Filed

Aug 14, 2025

original filing

Summary

Select Asset Management & Trust reported $292M in U.S.-listed holdings across 92 positions for Q2 2025.

The portfolio is heavily concentrated: SPY alone accounts for 30.3% of reported value.

Compared with Q1 2025, the fund opened 10 new positions and exited 3.

Portfolio Metrics

Turnover

+2.0%

vs prior filed quarter

Top-10 Concentration

+75.5%

share of reported value

Largest Position

+30.3%

S P 500 Spiders

New / Exited

10 / 3

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

ETP · 75.7% · $221M
Common Stock · 23.7% · $69M
Other · 0.4% · $1M
ADR · 0.3% · $849,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
USMV iShares MSCI USA Minimum Vol	NEW	+70.4K	70.4K	+$7M	$7M
SSO Ultra S&P 500 Proshares	NEW	+10.0K	10.0K	+$977,000	$977,000
VWO Vanguard Emerging Markets	NEW	+18.0K	18.0K	+$892,000	$892,000
UBER Uber Technologies	NEW	+3.4K	3.4K	+$317,000	$317,000
FDX Fed-Ex Corporation	NEW	+1.3K	1.3K	+$291,000	$291,000
Ashtead Group	NEW	+4.2K	4.2K	+$266,000	$266,000
BITB Bitwise Bitcoin	NEW	+4.2K	4.2K	+$245,000	$245,000
SHOP Shopify Inc	NEW	+2.0K	2.0K	+$231,000	$231,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

78 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	SPY S&P 500 Spiders history →	ETF	30.30%	$88M	143.2K
2	DIA Dow Diamonds - SPDR Dow Jones history →	ETF	8.71%	$25M	57.7K
3	VIG Vanguard Dividend Appreciation history →	ETF	8.52%	$25M	121.5K
4	VYM Vanguard High Div Yield history →	ETF	6.20%	$18M	135.7K
5	EFA MSCI EAFE Index history →	ETF	5.33%	$16M	174.0K
6	MGV Vanguard Mega Cap Value history →	ETF	4.63%	$14M	103.0K
7	EME Emcor Group Inc history →	COM	4.17%	$12M	22.8K
8	OEF iShares S&P 100 Index history →	ETF	2.92%	$9M	28.0K
9	AAPL Apple Computer, Inc.history →	COM	2.42%	$7M	34.4K
10	USMV iShares MSCI USA Minimum Vol history →	ETF	2.26%	$7M	70.4K
11	EXMOC Exxon Mobil Corp.history →	COM	1.63%	$5M	44.1K
12	VIGI Vanguard Int Div App Index history →	ETF	1.60%	$5M	51.9K
13	MSFT Microsoft Corp history →	COM	1.57%	$5M	9.2K
14	VGK Vanguard European Stock history →	ETF	1.52%	$4M	57.3K
15	CSL Carlisle Companies Inc history →	COM	1.47%	$4M	11.5K
16	JPM J.P. Morgan Chase history →	COM	1.32%	$4M	13.3K
17	AMZN Amazon.com Inc history →	COM	1.15%	$3M	15.3K
18	BRK/B Berkshire Hathaway Inc. Cl B history →	COM	1.05%	$3M	6.3K
19	MCD McDonald's Corp history →	COM	1.00%	$3M	10.0K
20	EEM iShares MSCI Emerging Markets	ETF	0.97%	$3M	58.5K
21	Clearwater Analytics Holdings	COM	0.54%	$2M	71.3K
22	GDX Market Vectors Gold Miners	ETF	0.54%	$2M	30.0K
23	UTZ Utz Brands, Inc.	COM	0.51%	$1M	118.0K
24	NVDA NVIDIA Corp	COM	0.50%	$1M	9.2K
25	VOO Vanguard S&P 500 ETF	ETF	0.46%	$1M	2.4K
26	GOOG Alphabet Inc - C Shares	COM	0.42%	$1M	6.9K
27	ABBV ABBVIE INC	COM	0.41%	$1M	6.5K
28	META Meta Platforms Inc	COM	0.36%	$1M	1.4K
29	SSO Ultra S&P 500 Proshares	ETF	0.33%	$977,000	10.0K
30	EHC Encompass Health Corporation	COM	0.31%	$906,000	7.4K
31	VWO Vanguard Emerging Markets	ETF	0.31%	$892,000	18.0K
32	PFE Pfizer Inc	COM	0.30%	$881,000	36.3K
33	BBT Berkshire Hills Bancorp Inc	COM	0.28%	$807,000	32.2K
34	HSY Hershey Foods Corp	COM	0.25%	$731,000	4.4K
35	ABT Abbott Labs	COM	0.24%	$707,000	5.2K
36	CVX Chevron Texaco Corporation	COM	0.23%	$683,000	4.8K
37	VV Vanguard Large Cap	ETF	0.23%	$675,000	2.4K
38	HCA HCA Inc.	COM	0.23%	$669,000	1.7K
39	MA Mastercard	COM	0.20%	$590,000	1.0K
40	PAYC Paycom Software Inc	COM	0.20%	$579,000	2.5K
41	NFLX Netfllix Inc	COM	0.19%	$542,000	405
42	JNJ Johnson & Johnson	COM	0.18%	$540,000	3.5K
43	XLF Financial Select Sector	ETF	0.18%	$526,000	10.0K
44	BX Blackstone Group LP	ETF	0.18%	$525,000	3.5K
45	SHEL Sheldahl, Inc.	COM	0.17%	$498,000	7.1K
46	PM Phillip Morris International	COM	0.17%	$493,000	2.7K
47	BAC Bank of America	COM	0.17%	$488,000	10.3K
48	INTU Intuit Inc	COM	0.16%	$473,000	600
49	MRK Merck & Co Inc.	COM	0.16%	$465,000	5.9K
50	CIE Financiere Richemon	COM	0.15%	$439,000	2.3K
51	LMT Lockheed Martin	COM	0.14%	$420,000	907
52	IVW iShares S&P 500 BARA Growth Index	ETF	0.14%	$404,000	3.7K
53	Heineken Holding ORD EUR1.6	COM	0.13%	$394,000	5.3K
54	HD Home Depot, Inc.	COM	0.12%	$355,000	969
55	NSRGY Nestle SA ADR	COM	0.12%	$351,000	3.5K
56	PEG Public Service Enterprise Group	COM	0.12%	$345,000	4.1K
57	GS Goldman, Sachs & Co.	COM	0.11%	$327,000	462
58	NEM Newmont Mining Corp	COM	0.11%	$320,000	5.5K
59	UBER Uber Technologies	COM	0.11%	$317,000	3.4K
60	TFC Truist Financial Corp	COM	0.10%	$305,000	7.1K
61	VUG Vanguard Growth Vipers	ETF	0.10%	$302,000	690
62	FDX Fed-Ex Corporation	COM	0.10%	$291,000	1.3K
63	GOOGL Alphabet Inc - A Shares	COM	0.10%	$289,000	1.6K
64	APD Air Products & Chemical Inc	COM	0.10%	$282,000	1.0K
65	VNQ Vanguard REIT Index	ETF	0.10%	$280,000	3.1K
66	C Citigroup	COM	0.10%	$279,000	3.3K
67	NEE NextEra Energy, Inc.	COM	0.09%	$268,000	3.9K
68	Ashtead Group	COM	0.09%	$266,000	4.2K
69	SLV iShares Silver Trust	ETF	0.09%	$262,000	8.0K
70	BITB Bitwise Bitcoin	COM	0.08%	$245,000	4.2K
71	MLM Martin Marietta Materials	COM	0.08%	$236,000	430
72	PG Procter & Gamble Company	COM	0.08%	$234,000	1.5K
73	IVE iShares S&P 500 Value	ETF	0.08%	$234,000	1.2K
74	HON Honeywell International I	COM	0.08%	$233,000	1.0K
75	SHOP Shopify Inc	COM	0.08%	$231,000	2.0K
76	SPOT Spotify Technology	COM	0.08%	$230,000	300
77	XLK Amex Technology Select Index	ETF	0.07%	$208,000	820
78	Aether Global Innovations Corp	COM	0.00%	$1,000	70.0K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$320M	93	May 15, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$322M	92	Feb 10, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$325M	98	Oct 30, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$292M	92	Aug 14, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$250M	84	May 12, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$258M	86	Feb 13, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$272M	83	Nov 14, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$251M	77	Aug 12, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$241M	76	May 14, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$203M	79	Feb 13, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$172M	74	Nov 13, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$164M	76	Aug 11, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$113M	67	May 12, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$83M	58	Feb 9, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$84M	63	Nov 14, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$93M	65	Aug 12, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$117M	69	May 13, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$151M	71	Feb 8, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$139M	69	Nov 9, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$176M	73	Aug 10, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$150M	70	May 13, 2021	13F-HR	changes · EDGAR ↗
Q4 2020	$125M	69	Feb 12, 2021	13F-HR	changes · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

Gardner Russo & Quinn LLC028-02635

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.