Managers / Q4 2025 · view latest →

Sierra Capital LLC

CIK 0001787274 · 600 BRICKELL AVENUE, STE. 2020, MIAMI, FL, 33131-3067 · 2128673533

Reported Value

$945M

Q4 2025

Positions

269

Filings on Record

2021–present window

Filed

Feb 18, 2026

original filing

Summary

Sierra Capital LLC reported $945M in U.S.-listed holdings across 269 positions for Q4 2025.

Its largest position, VOO, represents 6.9% of the portfolio.

Compared with Q3 2025, the fund opened 15 new positions and exited 24.

Portfolio Metrics

Turnover

+7.2%

vs prior filed quarter

Top-10 Concentration

+36.5%

share of reported value

Largest Position

+6.9%

Vanguard S P 500 Etf

New / Exited

15 / 24

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

Other · 49.4% · $467M
ETP · 32.3% · $305M
Common Stock · 17.9% · $169M
ADR · 0.4% · $4M
Equity WRT · 0.0% · $16,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
TAIL Cambria Tail Risk ETF	NEW	+120.8K	120.8K	+$1M	$1M
iShares MSCI USA UCITS ETF (Acc)	NEW	+1.1K	1.1K	+$780,000	$780,000
Ubs Msci Usa Sf Index Fund Usd Acc	NEW	+3.3K	3.3K	+$674,000	$674,000
Xtrackers II USD Overnight Rate Swap UCITS ETF 1C	NEW	+2.4K	2.4K	+$510,000	$510,000
iShares S&P 500 Information Technology Sector UCITS ETF	NEW	+10.2K	10.2K	+$435,000	$435,000
MSTR Microstrategy Inc Class A	NEW	+2.3K	2.3K	+$349,000	$349,000
QID ProShares Ultrashort QQQ ETF	NEW	+14.3K	14.3K	+$288,000	$288,000
iShares S&P 500 Financials Sector UCITS ETF (Acc)	NEW	+16.7K	16.7K	+$270,000	$270,000

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

Holdings — Q4 2025

205 positions (from 269 filing rows — )

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	VOO Vanguard S&P 500 ETF history →	ETF	6.91%	$65M	104.2K
2	iShares Core MSCI EMU UCITS ETF (Acc)	ETF	4.25%	$40M	156.6K
3	iShares Short Duration Corp Bond UCITS ETF (Acc)	ETF	3.90%	$37M	5.83M
4	BRK/B Berkshire Hathaway Inc. Class B	Common Stock	3.57%	$34M	49.1K
5	iShares Core S&P 500 UCITS ETF (Acc)	ETF	3.31%	$31M	42.3K
6	iShares S&P 500 Equal Weight UCITS ETF (Acc)	ETF	3.29%	$31M	4.46M
7	AAPL Apple history →	Common Stock	3.16%	$30M	110.0K
8	iShares MSCI EM ex-China UCITS ETF (Acc)	ETF	3.09%	$29M	4.22M
9	GOOGL Alphabet Inc. Class A	Common Stock	2.53%	$24M	76.4K
10	iShares MSCI USA Small Cap UCITS ETF (Acc)	ETF	2.50%	$24M	39.8K
11	iShares US Mortgage Backed Securities UCITS ETF (Acc)	ETF	2.18%	$21M	3.70M
12	iShares S&P 500 Swap UCITS ETF USD (Acc)	ETF	2.04%	$19M	1.68M
13	VO Vanguard Mid-Cap ETF history →	ETF	1.77%	$17M	57.7K
14	AMZN Amazon Com Inc history →	Common Stock	1.69%	$16M	69.1K
15	iShares MSCI ACWI UCITS ETF (Acc)	ETF	1.69%	$16M	145.9K
16	iShares Floating Rate Bond UCITS ETF (Acc)	ETF	1.63%	$15M	2.40M
17	IVV iShares Core S&P 500 ETF history →	ETF	1.63%	$15M	22.5K
18	iShares MSCI World UCITS ETF	ETF	1.62%	$15M	161.9K
19	iShares Treasury Bond 0-1yr UCITS ETF (Acc)	ETF	1.59%	$15M	126.1K
20	iShares MSCI Japan UCITS ETF (Acc)	ETF	1.49%	$14M	56.5K
21	VGK Vanguard FTSE Europe ETF history →	ETF	1.30%	$12M	147.3K
22	iShares Core S&P 500 UCITS ETF USD (Dist)	ETF	1.28%	$12M	176.3K
23	iShares J.P. Morgan EM Bond UCITS ETF (Acc)	ETF	1.24%	$12M	1.81M
24	IVE iShares S&P 500 Value ETF history →	ETF	1.08%	$10M	48.3K
25	BAC Bank of America history →	Common Stock	1.06%	$10M	182.6K
26	iShares Short Duration High Yield Corp Bond UCITS ETF (Acc)	ETF	0.97%	$9M	1.29M
27	SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF	ETF	0.97%	$9M	181.6K
28	IWM iShares Russell 2000 ETF	ETF	0.91%	$9M	35.0K
29	XLF Financial Select Sector SPDR Fund	ETF	0.91%	$9M	156.7K
30	Invesco Preferred Shares UCITS ETF (Acc)	ETF	0.88%	$8M	178.7K
31	VWO Vanguard FTSE Emerging Markets ETF	ETF	0.87%	$8M	152.5K
32	FLOT iShares Floating Rate Bond ETF	ETF	0.86%	$8M	160.1K
33	IWD iShares Russell 1000 Value ETF	ETF	0.83%	$8M	37.5K
34	MSFT Microsoft	Common Stock	0.83%	$8M	16.3K
35	SPDR S&P 400 US Mid Cap UCITS ETF (Acc)	ETF	0.80%	$8M	73.4K
36	GSEW Goldman Sachs Equal Weight U.S. Large Cap ETF	ETF	0.80%	$8M	88.9K
37	Invesco USD AAA CLO UCITS ETF (Acc)	ETF	0.78%	$7M	355.2K
38	iShares Treasury Bond 1-3yr UCITS ETF (Acc)	ETF	0.78%	$7M	1.25M
39	JPMorgan Ultra-Short Municipal ETF	ETF	0.74%	$7M	137.6K
40	META Meta Platforms Inc (Facebook)	Common Stock	0.69%	$7M	9.9K
41	iShares Short Duration Corp Bond UCITS ETF (Dist)	ETF	0.69%	$7M	64.5K
42	iShares Corp Bond UCITS ETF (Acc)	ETF	0.64%	$6M	956.0K
43	VGT Vanguard Info Tech ETF	ETF	0.59%	$6M	7.3K
44	EMXC iShares MSCI Emerging Markets ex China ETF	ETF	0.58%	$5M	75.4K
45	SPY SPDR S&P 500 ETF Trust	ETF	0.58%	$5M	8.0K
46	iShares US Aggregate Bond UCITS ETF (Acc)	ETF	0.55%	$5M	902.7K
47	iShares NASDAQ 100 UCITS ETF (Acc)	ETF	0.54%	$5M	3.5K
48	iShares Core MSCI Europe UCITS ETF (Dist)	ETF	0.52%	$5M	113.4K
49	NVDA Nvidia Corporation	Common Stock	0.49%	$5M	25.0K
50	IVW iShares S&P 500 Growth ETF	ETF	0.49%	$5M	37.5K
51	IWF iShares Russell 1000 Growth ETF	ETF	0.49%	$5M	9.7K
52	iShares S&P SmallCap 600 UCITS ETF	ETF	0.48%	$5M	46.2K
53	IJJ iShares S&P Mid-Cap 400 Value ETF	ETF	0.46%	$4M	32.7K
54	iShares S&P 500 Swap UCITS ETF (Acc)	ETF	0.46%	$4M	375.0K
55	EWJ iShares MSCI Japan ETF	ETF	0.45%	$4M	52.4K
56	iShares MSCI EM UCITS ETF USD (Acc)	ETF	0.44%	$4M	80.0K
57	IWN iShares Russell 2000 Value ETF	ETF	0.43%	$4M	22.5K
58	Invesco AT1 Capital Bond UCITS ETF (Acc)	ETF	0.42%	$4M	133.0K
59	iShares US Property Yield UCITS ETF (Dist)	ETF	0.40%	$4M	129.8K
60	ACWX iShares MSCI ACWI ex U.S. ETF	ETF	0.40%	$4M	56.4K
61	iShares High Yield Corp Bond UCITS ETF (Acc)	ETF	0.39%	$4M	500.5K
62	IEFA iShares Core MSCI EAFE ETF	ETF	0.39%	$4M	40.9K
63	VIS Vanguard Industrials ETF	ETF	0.38%	$4M	12.0K
64	iShares Core MSCI World UCITS ETF (Acc)	ETF	0.35%	$3M	25.4K
65	iShares Edge MSCI USA Value Factor UCITS ETF (Acc)	ETF	0.35%	$3M	251.4K
66	iShares S&P 500 UCITS ETF (Dist)	ETF	0.34%	$3M	47.0K
67	iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc)	ETF	0.34%	$3M	5.3K
68	VIOO Vanguard S&P Small-Cap 600 ETF	ETF	0.33%	$3M	27.7K
69	iShares MSCI EMU UCITS ETF (Acc)	ETF	0.30%	$3M	11.0K
70	XLV Health Care Select Sector SPDR Fund	ETF	0.29%	$3M	17.9K
71	PFF iShares U.S. Preferred Stock ETF	ETF	0.29%	$3M	89.2K
72	MBB iShares MBS ETF	ETF	0.29%	$3M	28.8K
73	Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (Acc)	ETF	0.29%	$3M	66.5K
74	BX Blackstone Group Inc	Common Stock	0.27%	$3M	16.3K
75	IWP iShares Russell Mid-Cap Growth ETF	Common Stock	0.26%	$2M	18.1K
76	iShares S&P 500 Consumer Staples Sector UCITS ETF (Acc)	ETF	0.26%	$2M	263.0K
77	JAAA Janus Henderson AAA CLO ETF	ETF	0.25%	$2M	47.5K
78	GSLC Goldman Sachs Actvbeta US LRG ETF	ETF	0.25%	$2M	18.0K
79	MA Mastercard Inc CL A	Common Stock	0.25%	$2M	4.1K
80	AVGO Broadcom Limited	Common Stock	0.24%	$2M	6.5K
81	APO Apollo Global MGMT	Common Stock	0.24%	$2M	15.5K
82	VOOG Vanguard S&P 500 Growth ETF	ETF	0.24%	$2M	5.0K
83	TSLA Tesla Inc	Common Stock	0.24%	$2M	5.0K
84	KKR KKR & Co Inc Class A	Common Stock	0.23%	$2M	17.2K
85	AMLP Alerian MLP ETF	Common Stock	0.23%	$2M	46.3K
86	VAW Vanguard Materials ETF	ETF	0.23%	$2M	10.4K
87	SHEL Shell PLC Sponsored ADR Repstg Ord SH	Common Stock	0.23%	$2M	29.3K
88	CG Carlyle Group Inc LP	Master Limited Partnership	0.22%	$2M	35.9K
89	URTH iShares MSCI World ETF	ETF	0.21%	$2M	10.8K
90	QQQ Invesco QQQ Trust ETF	ETF	0.21%	$2M	3.3K
91	VB Vanguard Small Cap ETF	ETF	0.21%	$2M	7.5K
92	iShares S&P 500 Industrials Sector UCITS ETF (Acc)	ETF	0.20%	$2M	147.0K
93	AGG iShares Core U.S. Aggregate Bond ETF	ETF	0.20%	$2M	18.6K
94	HLNE Hamilton Lane Incorporat Class A	Common Stock	0.18%	$2M	12.9K
95	JNJ Johnson & Johnson	Common Stock	0.18%	$2M	8.1K
96	iShares iBoxx High Yield Corporate Bond ETF	ETF	0.17%	$2M	20.0K
97	VOOV Vanguard S&P 500 Value ETF	ETF	0.16%	$2M	7.5K
98	iShares MSCI World UCITS ETF (Dist)	ETF	0.16%	$2M	16.0K
99	VNQ Vanguard Real Estate ETF	ETF	0.16%	$2M	17.1K
100	TSM Taiwan SMCNDCTR MFG Co LTD ADR	Common Stock	0.16%	$1M	4.9K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$918M	283	May 15, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$945M	269	Feb 18, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$912M	249	Nov 14, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$866M	246	Aug 11, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$830M	235	Apr 30, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$843M	243	Feb 4, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$838M	239	Oct 21, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$749M	228	Jul 25, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$764M	234	Apr 29, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$682M	225	Jan 30, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$623M	233	Oct 31, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$632M	223	Jul 31, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$616M	228	May 1, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$585M	718	Feb 8, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$538M	751	Nov 4, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$553M	775	Aug 4, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$634M	867	May 3, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$672M	892	Feb 10, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$595M	532	Nov 2, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$539M	505	Jul 22, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$533M	478	May 28, 2021	13F-HR	changes · 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 ↗.