SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Jacobsen Capital Management

CIK 0001782491 · 101 SOUTH 200 EAST, SUITE 524, SALT LAKE CITY, UT, 84111 · 801-746-7171

Reported Value
$306M
Q4 2025
Positions
121
Filings on Record
27
2019–present window
Filed
Jan 26, 2026
original filing

Summary

Jacobsen Capital Management reported $306M in U.S.-listed holdings across 121 positions for Q4 2025.

The portfolio is heavily concentrated: Vanguard Tax Managed Fds alone accounts for 20.7% of reported value.

Compared with Q3 2025, the fund opened 6 new positions and exited 6.

Portfolio Metrics

Turnover
+1.9%
vs prior filed quarter
Top-10 Concentration
+72.3%
share of reported value
Largest Position
+20.7%
Vanguard Tax Managed Fds
New / Exited
6 / 6
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. 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
Q2 ’19: $100MQ2 ’19Q3 ’19: $104MQ4 ’19: $100MQ2 ’20: $131MQ3 ’20: $143MQ3 ’20Q4 ’20: $169MQ1 ’21: $181MQ2 ’21: $196MQ3 ’21: $198MQ3 ’21Q4 ’21: $211MQ1 ’22: $218MQ2 ’22: $188MQ3 ’22: $175MQ3 ’22Q2 ’23: $194MQ3 ’23: $184MQ4 ’23: $198MQ1 ’24: $216MQ1 ’24Q2 ’24: $224MQ3 ’24: $238MQ4 ’24: $235MQ1 ’25: $230MQ1 ’25Q2 ’25: $272MQ3 ’25: $295MQ4 ’25: $306MQ1 ’26: $296MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 67.4%Common Stock: 30.4%REIT: 1.7%Other: 0.4%
  • ETP · 67.4% · $206M
  • Common Stock · 30.4% · $93M
  • REIT · 1.7% · $5M
  • Other · 0.4% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ACCENTURE PLC IRELANDNEW+955955+$256,227$256,227
APPAPPLOVIN CORPNEW+333333+$224,382$224,382
ADIANALOG DEVICES INCNEW+780780+$211,536$211,536
NEMNEWMONT CORPNEW+2.1K2.1K+$209,785$209,785
MCKMCKESSON CORPNEW+255255+$209,174$209,174
CEGCONSTELLATION ENERGY CORPNEW+592592+$209,136$209,136
NFLXNETFLIX INCADDED+6.6K7.3K−$209,344$687,448
NOWSERVICENOW INCADDED+1.8K2.2K−$71,436$339,009

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

Holdings — Q4 2025

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VUGVANGUARD INDEX FDSGROWTH ETF · VALUE ETF · SM CP VAL ETF · SML CP GRW ETF · SMALL CP ETF39.22%$120M432.4K
2VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT20.71%$63M1.01M
3SCHWAB STRATEGIC TRINTL EQTY ETF · US LRG CAP ETF4.05%$12M511.9K
4AAPLAPPLE INChistory →COM3.06%$9M34.5K
5NVDANVIDIA CORPORATIONhistory →COM2.99%$9M49.1K
6GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.70%$8M26.4K
7MSFTMICROSOFT CORPhistory →COM2.49%$8M15.8K
8VANGUARD BD INDEX FDSINTERMED TERM · SHORT TRM BOND2.46%$8M96.2K
9EXREXTRA SPACE STORAGE INChistory →COM1.65%$5M38.8K
10AMZNAMAZON COM INChistory →COM1.43%$4M19.0K
11AVGOBROADCOM INChistory →COM1.06%$3M9.4K
12METAMETA PLATFORMS INCCL A0.89%$3M4.1K
13TSLATESLA INCCOM0.84%$3M5.7K
14VVISA INCCOM CL A0.62%$2M5.4K
15JPMJPMORGAN CHASE & CO.COM0.56%$2M5.3K
16BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.54%$2M3.3K
17LLYELI LILLY & COCOM0.54%$2M1.5K
18MAMASTERCARD INCORPORATEDCL A0.41%$1M2.2K
19GQ9SPDR GOLD TRGOLD SHS0.38%$1M2.9K
20WMTWALMART INCCOM0.35%$1M9.5K
21JNJJOHNSON & JOHNSONCOM0.32%$974,3214.7K
22SIVRABRDN SILVER ETF TRUSTPHYSCL SILVR SHS0.31%$963,46414.2K
23TMOTHERMO FISHER SCIENTIFIC INCCOM0.31%$949,7191.6K
24EXMOCEXXON MOBIL CORPCOM0.31%$949,2427.9K
25APHAMPHENOL CORP NEWCL A0.31%$941,5207.0K
26HDHOME DEPOT INCCOM0.29%$896,7252.6K
27SPGIS&P GLOBAL INCCOM0.27%$836,6671.6K
28ABBVABBVIE INCCOM0.27%$830,2733.6K
29AMDADVANCED MICRO DEVICES INCCOM0.26%$809,9533.8K
30BKNGBOOKING HOLDINGS INCCOM0.26%$797,944149
31MUMICRON TECHNOLOGY INCCOM0.25%$771,7492.7K
32PLTRPALANTIR TECHNOLOGIES INCCL A0.24%$747,0834.2K
33ISHARES TRRUS 1000 GRW ETF0.24%$745,1381.6K
34GE AEROSPACECOM NEW0.23%$701,0762.3K
35NFLXNETFLIX INCCOM0.22%$687,4487.3K
36PACSPACS GROUP INCCOM SHS0.22%$684,64717.8K
37RTXRTX CORPORATIONCOM0.22%$673,2613.7K
38COSTCOSTCO WHSL CORP NEWCOM0.21%$640,719743
39PGPROCTER AND GAMBLE COCOM0.21%$634,5774.4K
40CSCOCISCO SYS INCCOM0.20%$617,9358.0K
41BACBANK AMERICA CORPCOM0.20%$614,95511.2K
42WFCWELLS FARGO CO NEWCOM0.19%$581,1686.2K
43IBMINTERNATIONAL BUSINESS MACHSCOM0.18%$566,3541.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$296M124Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$306M121Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$295M121Oct 27, 202513F-HRchanges · EDGAR ↗
Q2 2025$272M116Jul 30, 202513F-HRchanges · EDGAR ↗
Q1 2025$230M100Apr 25, 202513F-HRchanges · EDGAR ↗
Q4 2024$235M95Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$238M102Oct 25, 202413F-HRchanges · EDGAR ↗
Q2 2024$224M97Jul 23, 202413F-HRchanges · EDGAR ↗
Q1 2024$216M92Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$198M83Jan 24, 202413F-HRchanges · EDGAR ↗
Q3 2023$184M73Oct 25, 202313F-HRchanges · EDGAR ↗
Q2 2023$194M71Aug 2, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review70May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review53Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$175M49Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$188M55Aug 2, 202213F-HRchanges · EDGAR ↗
Q1 2022$218M54Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$211M53Feb 1, 202213F-HRchanges · EDGAR ↗
Q3 2021$198M53Oct 29, 202113F-HRchanges · EDGAR ↗
Q2 2021$196M54Jul 28, 202113F-HRchanges · EDGAR ↗
Q1 2021$181M55Apr 15, 202113F-HRchanges · EDGAR ↗
Q4 2020$169M57Feb 17, 202113F-HRchanges · EDGAR ↗
Q3 2020$143M58Oct 22, 202013F-HRchanges · EDGAR ↗
Q2 2020$131M57Aug 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$100M58Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$104M65Oct 21, 201913F-HRchanges · EDGAR ↗
Q2 2019$100M61Aug 2, 201913F-HRchanges · EDGAR ↗

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 ↗.