Managers / Q3 2025 · view latest →
Mason & Associates, LLC
CIK 0001895045 · 2 BAYPORT WAY, SUITE 110, NEWPORT NEWS, VA, 23606 · 757-223-9898
Summary
Mason & Associates, LLC reported $398M in U.S.-listed holdings across 41 positions for Q3 2025.
The portfolio is heavily concentrated: Vanguard Index Fds alone accounts for 33.8% of reported value.
The book was largely unchanged from Q2 2025.
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 · 98.8% · $394M
- Common Stock · 1.2% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | HELD | +8 | 80.4K | +$2,239 | $23M |
| VANGUARD INDEX FDS | HELD | +4 | 49.3K | +$948 | $12M |
| SPDR INDEX SHS FDS | HELD | +10 | 130.2K | +$427 | $6M |
| VANGUARD INDEX FDS | HELD | +2 | 471.7K | +$570 | $135M |
| SPDR INDEX SHS FDS | HELD | +5 | 402.4K | +$203 | $16M |
| BLACKROCK ETF TRUST | HELD | +1 | 393.1K | +$54 | $21M |
| ISHARES TR | HELD | +0 | 3.1K | +$0 | $427,412 |
| VTVVANGUARD INDEX FDS | HELD | +0 | 2.2K | +$0 | $381,051 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VUGVANGUARD INDEX FDS | LARGE CAP ETF · MID CAP ETF · SMALL CP ETF · TOTAL STK MKT · GROWTH ETF · VALUE ETF · S&P 500 ETF SHS | 42.82% | $171M | 607.2K |
| 2 | 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 · RUS MD CP GR ETF · CORE 40/60 MODER · CORE 60/40 BALAN · RUSSELL 2000 ETF | 36.34% | $145M | 2.84M |
| 3 | PIMCO ETF TR | MULTISECTOR BD · MUNI INCOME OPP | 5.88% | $23M | 852.2K |
| 4 | SPDR INDEX SHS FDS | PORTFOLIO DEVLPD · PORTFOLIO EMG MK | 5.49% | $22M | 532.7K |
| 5 | BLACKROCK ETF TRUST | ISHARES US EQUIT | 5.38% | $21M | 393.1K |
| 6 | VANGUARD MUN BD FDS | TAX EXEMPT BD | 0.93% | $4M | 75.7K |
| 7 | SPDR S&P 500 ETF TR | TR UNIT | 0.92% | $4M | 5.9K |
| 8 | SCHWAB STRATEGIC TR | US BRD MKT ETF · US LRG CAP ETF | 0.79% | $3M | 131.6K |
| 9 | AAPLAPPLE INC | COM | 0.38% | $2M | 7.4K |
| 10 | DDOMINION ENERGY INC | COM | 0.25% | $1M | 17.8K |
| 11 | VANGUARD WORLD FD | MEGA CAP INDEX · MEGA GRWTH IND | 0.19% | $771,912 | 2.9K |
| 12 | CSXCSX CORP | COM | 0.14% | $539,080 | 16.5K |
| 13 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.09% | $366,756 | 755 |
| 14 | DUKDUKE ENERGY CORP NEW | COM NEW | 0.09% | $353,410 | 3.0K |
| 15 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.07% | $274,735 | 932 |
| 16 | UPSUNITED PARCEL SERVICE INC | CL B | 0.07% | $271,529 | 2.7K |
| 17 | VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 0.07% | $267,964 | 2.1K |
| 18 | MSFTMICROSOFT CORP | COM | 0.05% | $211,399 | 425 |
| 19 | JPMJPMORGAN CHASE & CO. | COM | 0.05% | $207,286 | 715 |
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 ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- GeoWealth Management, LLC028-16841
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 ↗.