Managers / Q1 2025 · view latest →

Mason & Associates, LLC

CIK 0001895045 · 2 BAYPORT WAY, SUITE 110, NEWPORT NEWS, VA, 23606 · 757-223-9898

Reported Value

$347M

Q1 2025

Positions

Filings on Record

2019–present window

Filed

Apr 11, 2025

original filing

Summary

Mason & Associates, LLC reported $347M in U.S.-listed holdings across 39 positions for Q1 2025.

The portfolio is heavily concentrated: Ishares Tr alone accounts for 35.8% of reported value.

Compared with Q4 2024, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover

+4.4%

vs prior filed quarter

Top-10 Concentration

+92.5%

share of reported value

Largest Position

+35.8%

Ishares Tr

New / Exited

1 / 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. 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 · 98.7% · $343M
Common Stock · 1.3% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
PIMCO ETF TR	NEW	+592.3K	592.3K	+$16M	$16M
MSFT MICROSOFT CORP	SOLD OUT	−483	0	−$203,585	$0
VANGUARD WORLD FD	TRIMMED	−554	855	−$219,773	$264,092
ISHARES TR	TRIMMED	−2.7K	5.1K	−$154,740	$295,910
VANGUARD WORLD FD	TRIMMED	−849	2.0K	−$203,570	$411,017
VANGUARD INDEX FDS	TRIMMED	−644	2.1K	−$218,150	$578,538
VANGUARD INTL EQUITY INDEX F	TRIMMED	−788	3.0K	−$97,236	$353,300
VANGUARD MUN BD FDS	TRIMMED	−27.7K	108.4K	−$1M	$5M

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

Holdings — Q1 2025

16 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	ISHARES TR	CORE TOTAL USD · CORE INTL AGGR · S&P 500 GRWT ETF · CORE S&P500 ETF · RUS TOP 200 ETF · RUS TP200 GR ETF · S&P 500 VAL ETF · RUS MID CAP ETF · RUSSELL 3000 ETF · CORE 40/60 MODER · RUS MD CP GR ETF · RUSSELL 2000 ETF · NATIONAL MUN ETF · CORE 60/40 BALAN · CORE S&P MCP ETF · RUS TP200 VL ETF	45.05%	$156M	3.13M
2	VUG VANGUARD INDEX FDS	LARGE CAP ETF · MID CAP ETF · SMALL CP ETF · TOTAL STK MKT · GROWTH ETF · VALUE ETF	39.92%	$139M	544.3K
3	SPDR INDEX SHS FDS	PORTFOLIO DEVLPD · PORTFOLIO EMG MK	5.59%	$19M	522.7K
4	PIMCO ETF TR	MULTISECTOR BD	4.50%	$16M	592.3K
5	VANGUARD MUN BD FDS	TAX EXEMPT BD	1.55%	$5M	108.4K
6	SPDR S&P 500 ETF TR	TR UNIT	0.99%	$3M	6.1K
7	SCHWAB STRATEGIC TR	US BRD MKT ETF · US LRG CAP ETF	0.83%	$3M	133.5K
8	AAPL APPLE INC	COM	0.47%	$2M	7.4K
9	D DOMINION ENERGY INC	COM	0.29%	$1M	18.1K
10	VANGUARD WORLD FD	MEGA CAP INDEX · MEGA GRWTH IND	0.19%	$675,109	2.9K
11	CSX CSX CORP	COM	0.14%	$486,213	16.5K
12	BRK/B BERKSHIRE HATHAWAY INC DEL	CL B NEW	0.12%	$402,098	755
13	VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	0.10%	$353,300	3.0K
14	DUK DUKE ENERGY CORP NEW	COM NEW	0.10%	$342,980	2.8K
15	UPS UNITED PARCEL SERVICE INC	CL B	0.10%	$332,500	3.0K
16	IBM INTERNATIONAL BUSINESS MACHS	COM	0.07%	$233,492	939

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$437M	44	Apr 22, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$440M	39	Jan 21, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$398M	41	Nov 4, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$398M	41	Jul 30, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$347M	39	Apr 11, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$335M	39	Jan 15, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$327M	37	Oct 15, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$305M	36	Jul 16, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$131M	80	Apr 26, 2024	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 ↗.