Managers / Q2 2025
ACAS, LLC
CIK 0001859505 · 5531 CANCHA DE GOLF, SUITE 206, RANCHO SANTA FE, CA, 92091 · (888) 500-9267
Reported Value
$149M
Q2 2025
Positions
93
Filings on Record
18
2019–present window
Filed
Aug 14, 2025
original filing
Summary
Acas, LLC reported $149M in U.S.-listed holdings across 93 positions for Q2 2025.
Its largest position, IVW, represents 12.6% of the portfolio.
Compared with Q1 2025, the fund opened 9 new positions and exited 1.
Portfolio Metrics
Turnover
+1.2%
vs prior filed quarter
Top-10 Concentration
+67.9%
share of reported value
Largest Position
+12.6%
Ishares Tr
New / Exited
9 / 1
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 · 74.7% · $111M
- Common Stock · 24.6% · $37M
- REIT · 0.5% · $702,245
- ADR · 0.2% · $366,361
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GEVGE VERNOVA INC | NEW | +412 | 412 | +$261,336 | $261,336 |
| QCOMQUALCOMM INC | NEW | +1.4K | 1.4K | +$219,226 | $219,226 |
| KJULINNOVATOR ETFS TRUST | NEW | +7.1K | 7.1K | +$215,631 | $215,631 |
| JNJJOHNSON & JOHNSON | NEW | +1.2K | 1.2K | +$213,665 | $213,665 |
| BAUGINNOVATOR ETFS TRUST | NEW | +4.3K | 4.3K | +$207,603 | $207,603 |
| IJHISHARES TR | NEW | +3.2K | 3.2K | +$205,293 | $205,293 |
| BONDPIMCO ETF TR | NEW | +2.2K | 2.2K | +$202,692 | $202,692 |
| CGUSCAPITAL GROUP CORE EQUITY ET | NEW | +5.2K | 5.2K | +$200,781 | $200,781 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
58 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IVWISHARES TR | S&P 500 GRWT ETF · S&P 500 VAL ETF · MSCI EAFE ETF · S&P MC 400VL ETF · SP SMCP600VL ETF · S&P MC 400GR ETF · S&P SML 600 GWT · 3 7 YR TREAS BD · CORE S&P MCP ETF | 12.61% | $19M | 153.8K |
| 2 | CGGRCAPITAL GROUP GROWTH ETFhistory → | SHS CREATION UNI | 8.11% | $12M | 285.4K |
| 3 | CGDVCAPITAL GROUP DIVIDEND VALUEhistory → | SHS CREATION UNI | 7.85% | $12M | 285.2K |
| 4 | SCHGSCHWAB STRATEGIC TR | US LCAP GR ETF · US LCAP VA ETF · US DIVIDEND EQ · US MID-CAP ETF · US BRD MKT ETF · US SML CAP ETF · US LRG CAP ETF · EMRG MKTEQ ETF | 7.33% | $11M | 383.3K |
| 5 | VTVVANGUARD INDEX FDS | VALUE ETF · TOTAL STK MKT · GROWTH ETF · S&P 500 ETF SHS · MID CAP ETF · SMALL CP ETF · LARGE CAP ETF | 6.81% | $10M | 35.8K |
| 6 | EA SERIES TRUST | ALPHA ARCH 1-3 | 6.05% | $9M | 79.7K |
| 7 | AAPLAPPLE INChistory → | COM | 5.90% | $9M | 37.8K |
| 8 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 5.90% | $9M | 18.4K |
| 9 | BUFFINNOVATOR ETFS TRUST | LADERD ALCTN PWR · LADDERED ALC BFR · US SML CP PWR B · US SML CP PWR ET · GRWT100 PWR BF · US EQTY BUF NOV · US EQTY BUFR JUL · US EQUT BUFR AUG | 3.75% | $6M | 139.3K |
| 10 | BILSSPDR SERIES TRUST | BLOOMBERG 3-12 M · BLOOMBERG 1-3 MO · S&P 400 MDCP GRW · PORTFOLIO S&P600 · S&P 400 MDCP VAL · PRTFLO S&P500 HI | 3.61% | $5M | 65.6K |
| 11 | AMZNAMAZON COM INChistory → | COM | 3.58% | $5M | 23.8K |
| 12 | GLDSPDR GOLD TRhistory → | GOLD SHS | 3.09% | $5M | 14.9K |
| 13 | CGBLCAPITAL GROUP CORE BALANCEDhistory → | SHS | 2.92% | $4M | 127.7K |
| 14 | COSTCOSTCO WHSL CORP NEWhistory → | COM | 2.33% | $3M | 3.6K |
| 15 | DFASDIMENSIONAL ETF TRUSThistory → | US SMALL CAP ETF | 2.32% | $3M | 51.1K |
| 16 | FTLSFIRST TR EXCH TRADED FD IIIhistory → | LNG/SHT EQUITY | 2.26% | $3M | 50.0K |
| 17 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.37% | $2M | 3.5K |
| 18 | MSFTMICROSOFT CORPhistory → | COM | 1.15% | $2M | 3.3K |
| 19 | NEW YORK LIFE INVESTMENTS ET | NYLI MERGER ARBI | 1.02% | $2M | 42.7K |
| 20 | BNDVANGUARD BD INDEX FDS | TOTAL BND MRKT | 0.95% | $1M | 19.3K |
| 21 | GBTCGRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 0.65% | $966,580 | 10.0K |
| 22 | RSPINVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 0.59% | $879,163 | 4.7K |
| 23 | DIASPDR DOW JONES INDL AVERAGE | UT SER 1 | 0.51% | $761,767 | 1.7K |
| 24 | EXREXTRA SPACE STORAGE INC | COM | 0.47% | $702,245 | 5.1K |
| 25 | GSGOLDMAN SACHS GROUP INC | COM | 0.44% | $662,224 | 889 |
| 26 | VIGVANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.44% | $660,324 | 3.1K |
| 27 | EXMOCEXXON MOBIL CORP | COM | 0.42% | $629,926 | 5.9K |
| 28 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.41% | $618,556 | 959 |
| 29 | EMREMERSON ELEC CO | COM | 0.40% | $590,625 | 4.4K |
| 30 | METAMETA PLATFORMS INC | CL A | 0.39% | $588,180 | 754 |
| 31 | CATCATERPILLAR INC | COM | 0.38% | $574,451 | 1.4K |
| 32 | TSLATESLA INC | COM | 0.37% | $557,601 | 1.6K |
| 33 | AMSCAMERICAN SUPERCONDUCTOR CORP | SHS NEW | 0.37% | $551,718 | 10.2K |
| 34 | GOOGALPHABET INC | CAP STK CL C | 0.35% | $517,009 | 2.5K |
| 35 | VGTVANGUARD WORLD FD | INF TECH ETF | 0.31% | $464,690 | 657 |
| 36 | NFLXNETFLIX INC | COM | 0.31% | $455,278 | 378 |
| 37 | JPMJPMORGAN CHASE & CO. | COM | 0.30% | $454,180 | 1.6K |
| 38 | ORCLORACLE CORP | COM | 0.27% | $407,913 | 1.7K |
| 39 | CGIECAPITAL GROUP INTERNATIONAL | SHS | 0.27% | $407,735 | 12.3K |
| 40 | GDXVANECK ETF TRUST | GOLD MINERS ETF | 0.25% | $374,280 | 6.4K |
| 41 | TSMTAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 0.25% | $366,361 | 1.5K |
| 42 | CVXCHEVRON CORP NEW | COM | 0.23% | $345,972 | 2.2K |
| 43 | PFEPFIZER INC | COM | 0.22% | $329,521 | 13.1K |
| 44 | CSCOCISCO SYS INC | COM | 0.20% | $305,818 | 4.3K |
| 45 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD | 0.20% | $300,337 | 2.2K |
| 46 | VMBSVANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 0.19% | $284,149 | 6.1K |
| 47 | LMTLOCKHEED MARTIN CORP | COM | 0.18% | $274,393 | 620 |
| 48 | SCHWSCHWAB CHARLES CORP | COM | 0.18% | $262,941 | 2.8K |
| 49 | OUSAALPS ETF TR | OSHARES US QUALT | 0.18% | $261,907 | 4.7K |
| 50 | GEVGE VERNOVA INC | COM | 0.18% | $261,336 | 412 |
| 51 | PGXINVESCO EXCH TRADED FD TR II | PFD ETF | 0.17% | $247,916 | 21.6K |
| 52 | VEAVANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.15% | $226,092 | 3.9K |
| 53 | QCOMQUALCOMM INC | COM | 0.15% | $219,226 | 1.4K |
| 54 | JNJJOHNSON & JOHNSON | COM | 0.14% | $213,665 | 1.2K |
| 55 | BONDPIMCO ETF TR | ACTIVE BD ETF | 0.14% | $202,692 | 2.2K |
| 56 | CGUSCAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 0.13% | $200,781 | 5.2K |
| 57 | NVDANVIDIA CORPORATION | COM | 0.13% | $200,475 | 1.1K |
| 58 | VFCV F CORP | COM | 0.13% | $197,743 | 15.1K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2025 | $149M | 93 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $131M | 85 | May 2, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $135M | 86 | Feb 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $121M | 87 | Nov 5, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $115M | 86 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $103M | 81 | May 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $88M | 80 | Feb 2, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $81M | 77 | Oct 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $74M | 79 | Jul 26, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $70M | 77 | Apr 21, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $65M | 73 | Jan 26, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $67M | 74 | Aug 1, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $74M | 77 | Apr 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $78M | 79 | Jan 31, 2022 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2021 | $72M | 77 | Oct 19, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $71M | 78 | Jul 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $64M | 75 | May 4, 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 ↗.