Managers / Q4 2025
McCarthy Asset Management, Inc.
CIK 0001843169 · 3 LAGOON DRIVE, SUITE 155, REDWOOD SHORES, CA, 94065 · (650) 610-9540
Summary
Mccarthy Asset Management, Inc. reported $192M in U.S.-listed holdings across 27 positions for Q4 2025.
Its largest position, Vanguard Specialized Funds, represents 14.2% of the portfolio.
Compared with Q3 2025, the fund opened 4 new positions and exited 3.
Portfolio Metrics
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
Portfolio Composition
- ETP · 96.8% · $185M
- Common Stock · 3.2% · $6M
- MLP · 0.1% · $175,120
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | NEW | +335.5K | 335.5K | +$27M | $27M |
| CGDVUSDCAPITAL GROUP DIVIDEND VALUE | NEW | +264.9K | 264.9K | +$12M | $12M |
| J P MORGAN EXCHANGE TRADED F | NEW | +178.3K | 178.3K | +$8M | $8M |
| SLVISHARES SILVER TR | NEW | +3.6K | 3.6K | +$232,749 | $232,749 |
| CGGRUSDCAPITAL GROUP GROWTH ETF | ADDED | +179.8K | 205.2K | +$8M | $9M |
| VANGUARD STAR FDS | ADDED | +98.9K | 170.7K | +$8M | $13M |
| SPDR SERIES TRUST | SOLD OUT | −895.4K | 0 | −$27M | $0 |
| DFAXDIMENSIONAL ETF TRUST | SOLD OUT | −9.9K | 0 | −$311,039 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR | US DIVIDEND EQ · US LCAP GR ETF · US MID-CAP ETF · US BRD MKT ETF | 21.69% | $42M | 1.43M |
| 2 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 14.24% | $27M | 124.2K |
| 3 | VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 13.96% | $27M | 335.5K |
| 4 | T ROWE PRICE ETF INC | CAP APPRECIATION | 11.48% | $22M | 575.6K |
| 5 | VANGUARD STAR FDS | VG TL INTL STK F | 6.72% | $13M | 170.7K |
| 6 | J P MORGAN EXCHANGE TRADED F | INCOME ETF · ULTRA SHRT ETF | 6.45% | $12M | 259.3K |
| 7 | CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory → | SHS CREATION UNI | 6.04% | $12M | 264.9K |
| 8 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 5.63% | $11M | 145.7K |
| 9 | CGGRUSDCAPITAL GROUP GROWTH ETFhistory → | SHS CREATION UNI | 4.76% | $9M | 205.2K |
| 10 | ISHARES TR | RUS 1000 GRW ETF · RUS 1000 ETF | 3.44% | $7M | 14.7K |
| 11 | DFACDIMENSIONAL ETF TRUSThistory → | US CORE EQUITY 2 | 2.21% | $4M | 107.0K |
| 12 | JNJJOHNSON & JOHNSONhistory → | COM | 1.18% | $2M | 10.9K |
| 13 | GOOGALPHABET INC | CAP STK CL C · CAP STK CL A | 0.46% | $886,473 | 2.8K |
| 14 | AAPLAPPLE INC | COM | 0.46% | $881,299 | 3.2K |
| 15 | TSLATESLA INC | COM | 0.31% | $593,630 | 1.3K |
| 16 | MSFTMICROSOFT CORP | COM | 0.26% | $505,432 | 1.0K |
| 17 | AMZNAMAZON COM INC | COM | 0.18% | $344,153 | 1.5K |
| 18 | AMATAPPLIED MATLS INC | COM | 0.16% | $298,613 | 1.2K |
| 19 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.14% | $271,431 | 540 |
| 20 | SLVISHARES SILVER TR | ISHARES | 0.12% | $232,749 | 3.6K |
| 21 | ETENERGY TRANSFER L P | COM UT LTD PTN | 0.09% | $175,120 | 10.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2025 | $192M | 27 | Feb 3, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $156M | 26 | Oct 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $147M | 27 | Jul 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $138M | 25 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $142M | 25 | Feb 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $161M | 35 | Nov 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $170M | 39 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $162M | 39 | May 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $156M | 36 | Feb 5, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $136M | 36 | Nov 16, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $147M | 37 | Aug 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $147M | 34 | May 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $143M | 34 | Jan 23, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $128M | 31 | Oct 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $123M | 33 | Jul 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $144M | 340 | May 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $145M | 333 | Feb 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $133M | 350 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $141M | 437 | Aug 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $128M | 393 | May 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $121M | 393 | Feb 1, 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 ↗.